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10 1943
MONDAY
ommezcicLL
Reg. IV .8.
Volume
Number 4175
157
New
STATE
Office
Pat.
Price 60 Cents
York, N. Y., Monday, May 10, 1943
AND
CITY
Copy
a
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Alabama
In This Issue
Used
To
Benefits
Corporation News
State and
part
come
City News
Curb
May
Be
Homestead
Increase
Possibility
—
bling homestead exemption bene¬
fits is being studiedly high legis¬
QUOTATIONS
New York Stock Exchange
York
Surplus
authorities, it
April 13.
on
law
State
State
ad
from
exempts
now
taxation
valorem
homesteads
Exchange
reported
was
all
to $2,000 assessed
up
valuation, and these sources said
attempt would be made to
an
Out-of-Town Listed Markets
the
tend
exemption
ex¬
include
to
that
part of the property tax re¬
ceived by counties.
Unlisted Securities
Under
constitutional
a
amend¬
ment
levying the income tax, re¬
ceipts must be used first for re¬
Miscellaneous
tiring bonded indebtedness, with
receipts above that going to re¬
ducing of property taxes.
The
(See Index Below)
State Supreme Court has ruled
that in providing disposition of
the funds, the Legislature did not
unanimity so dangerous as in set
up
sufficient machinery for
the stock market.
The rea¬
carrying out that purpose.
sons for this are many.
Some fiscal experts have ex¬
But
not one lends itself to articu¬ pressed opinion that the counties'
Tomorrow's Markets
Walter Whyte
late
analysis. It's a condition
recognized
again. It de¬
fies analysis.
You either ac¬
By WALTER WHYTE
cept it or not. You don't ar¬
Continued
lack
volume
gue with it.
*
#
*
spells danger. Market action
market
the
111:1
Says
over
and
has
over
'
share of
be taken from the property
may
owner's burden,
with the counties
being reimbursed out of the in¬
come tax surplus. The subject was
expected
to be
considered by
Legislature's interim war emer¬
gency committee.
Getting down to realities,
something you can get your
Looking at the market from teeth into, then all you have
to do is to take a look at the
a
day-to-day angle there is
recent volume.4
During the
nothing obvious to the eye
that is disturbing. Everybody break in the market from
knows that since prices made April 6 to April 13 volume
their highs in the first week tempo stepped up almost 3,This
of April—137.45 D. J.—and 000,000 shares daily.
reacted
high
that
down
129
to
fraction
showed
ume
such
jump
declining.
a
might argue that this
buying, seems to be
regarded as an augury of ii\chease in volume was an in¬
higher prices. The result you dication that the public that
can see
in brokerage houses had bought on the rise had
not only in New York but all gotten out and therefore this
around the country, particu¬ volume increase and price de¬
I merely
larly in the Southwest, Ar¬ cline is healthy.
kansas, Louisiana and Texas, state this as an argument that
through where the writer is
now travelling.
has been made to
of
the
dozens
past
*
feel that the pres¬
*
*
such
inactivity is nothing to be similar ones,
about.
That as every time the market de¬
soon as the market gets over
clines, and more people are
its little spill of last April, up long of them than have
any
concerned
go
again.
*
I have
and
*
right to be.
*
you
In a bull market
expect volume to go up.
stressed here time That is normal.
again
that
nowhere
obligations on May
follows:
$1,500,000
serials
from 1945 to 1959
were
is
(Continued
on
And
page
on
nor-
1704)
-
been
All
bonds
are
interest.
redeemable
as
the tunnel approaches and to re¬
fund $2,477,000
outstanding 4%
and
mature
as
the opinion that construction of
these improvements, as planned,
will facilitate the flow of traffic.
This
financing,
necessary
Additional
Bonds—A
$500,000
substantial
In
back¬
log for permanent, improvements
in post-war Mobile is continually
being built
by the city
up
missioners
Uncle
and
Sam
is
at
the
com¬
time
same
getting
to
money
fight the Axis.
This
dented growth of
on
April
announced that
was
$500,000 of
money
is
provements,
When this
ing front,
100,000
it
additional
marked for im¬
moves
Mobile
much,
to
of
back
on
made
in
into the fight¬
will have
liberty
interest, to
the years
to
that
fall
come
of
for
be
cannot
because
now
$1,and
an
supplies
increase
city's
engaged in the
and
production of
port
and
in
materials
the
facilities,
use
is
of
and
the
revealed
In
interview
an
Ernest
M.
with
Megginson
Mayor
and
Com¬
missioners Charles A. Baumhauer
and Robin C.
it
Herndon, they made
that
known
$500,000 from the
$100,000
from
the
waterworks
surplus already has been invested
in
war
bonds.
made it plain that this
invested in the war effort
money that is definitely ear¬
marked for certain improvements,
They
money
is
That from the waterworks
sur¬
plus goes into a sinking fund for
the retirement of sewer bonds, of
which there
be
retired
is
It
the
$350,000 worth to
1953.
are
by
plan of
the
to take what
commis¬
surpluses of
At
the
time
same
it
was
the
period
surplus.
peak
fund
for
a
ex¬
Apparently it is the plan of the
commissioners
to
invest
a
in
war
000
bonds to retire the $350,-
in
outstanding
bonds
funds
for
similar invest¬
ment, making Mobile a
backer of the nation's war
1943,
and
due
dated April 1,
May 1, 1945 to
activity has cre¬
serious traffic problems and
The expanded
ated
a
heavy
effort
through sound savings.
: r f ; :
Due to specific restrictions on
the handling of income from the
Bankhead
1969.
com¬
pletely, and thgt likely later there
will be more permanent improve¬
offering of a new issue of $3,500,000 City of Mobile, Alabama,
4% and 3%%' tunnel revenue an¬
bonds
suffi¬
cient amount of waterworks funds
ment
ticipation
the
on
.943,
ing
J. R. FAST,
his
fund
now
$300,000
be
cannot
Secretary.'
used for
the
purchase of bonds.
the
too,
commissioners
in high hopes that by Novem¬
are
the next call date
comes for recalling
$2,600,000 in
outstanding tunnel bonds, they
when
ber,
be able to refinance the tun¬
may
nel bv the sale of an, authorized
bond issue.
new
be used in retiring
outstanding bonds and pro¬
viding a taxless fund for street
improvements to expedite traffic
the
in and out of
y
Tunnel, which is earn¬
a
net of approximately
a
year,
any
the tunnel.
ARIZONA
: Florence, Ariz.
Position Reviewed—Fol¬
V; ;
Debt
town's
debt
cently
by
the
regarding
comment
lowing
status
was
Refsnes,
made
Ely,
re¬
Beck
&
Co. of Phoenix:
"We do not recall that the Town
of Florence, Pinal County, Ariz.,
was
in default or even slow in
the
of interest on its
obligation bonds.
The
town may have been slow in pay¬
ment of some of the principal of
some of the serial maturities, but
for some time past now, we know
that all Florence generals are paid
payment
general
promptly when due.
Up to December of 1942, how¬
ever,
the town was very much
in
arrears
in
the
payment of
both
principal and interest of
its Special Improvement District
bonds.
During December,
we
handled
funding
a
for
program
the town wherein all of the hold¬
of
ers
to
$55,000
the
par
permit
value agreed
to use the
town
sinking funds
which were on
hand, in the retirement of the
principal of the specials; further,
the holders agreed to the waiving
of
collection
the
unpaid
on
of
accrued
had
which
the
interest
and that was
the specials, upon the
payment of the principal amount
the specials held.
Upon the
of
sale of
general obligation funding
bonds, bearing interest at the rate
of 4% per annum, in the amount
of $55,000 par value, the retire¬
ment of the Special Improvement
general
today with the announcement of
an
Twenty
declared
par
shortages
materials.
the City of Mo¬
plants
of
(20) Cents per share
capital stock without;
value of this Company, payable June 15,
to stockholders of record at the closa of
business May 28, 1943.
been
into
go
in
plus
improvements
of
when
12
an
about
invested
that
York, April 30, 1943/
New
dividend
A
has
bonds.
war
follows:
ac¬
Broadway
This would
revealed by the com¬
was
missioners
a
it was said, is
by an unprece¬
26
Then,
Invests
War
PIPE LINE
COMPANY
bonds presently outstand¬
Consulting engineers are of
ing.
$475,000 4s, due from 1945 to 1950 plained there is now a surplus of
$750,000
in
the
incl.; $3,025,000 3V2S, of which approximately
$2,000,000 terms mature in 1969, city's general fund, but the com¬
and
the
remaining bonds from missioners say this will dwindle
later in the year because this is
1951 to 1959 incl.
made
BUCKEYE
■
tunnel
whole, and the term bonds in part
by lot, at scaled premiums, be¬ the waterworks fund is available
ginning at 104 on and after May from time to time to build up this
1, 1943.
The bonds bear interest fund to retire these bonds.
rates
THE
issued
to provide funds to meet the cost
of constructing improvements to
offered to
accrued
and
103.50
at
manufacture
arguments, or
have been made
bonds have
new
as
is the $500,000 that they are
3 as planning to use soon for the pur¬
due chase of more war bonds.
the
war
Yet
on
ap¬
1609—made public re-offering
of
tivity
ent
they'll
157,
p.
two bile, resulting from increased
weeks.
.
everybody I speak
to seems to
in
times
me
activity
constitute
proaches to the Bankhead Tunnel.
The
sioners
vo
You
rent to
Almost
bonds—v.
anticipation
enue
to' maturity, and $2,000,000 term
bonds, due in 1969, were priced
since
This very firmness, when prices were
;
*
*
>:«
instead of acting as a deter¬
%
Van Ingen & Co., Inc.,
New York, which purchased on
April 29 an issue of $3,500,000
4%
and 3Vz%
tunnel
rev¬
by B. J.
yield from 2% to 3 xk%, according
the first time
was
firmed.
*
Mar¬
headed
the
a
prices have rallied and
*
Bonds
Revenue
keted—The banking group
13 long uptrend began that vol¬
and
April
on
Tunnel
which
permanent improvement fund and
Mobile, Ala.
ahead. No
buying recommended.
foresees poor news
new
also
the ad valorem tax
this
concentrated
streets
of using a
of Alabama's $6,000,000 in¬
tax fund surplus for dou¬
lative
New
Tax
Income
has
(State of)
surplus
in
INDEX
Page
Qoutations:
Stock Exchange........1709
York Curb Exchange
1725
New York
New
Other
Stock
Unlisted
1730
Exchanges.
1735
Securities..
Canadian Markets—Listed and
..1733
Unlisted
State
and
Bond
City Department:
Proposals and Negotiations. 1697
News. 1737
General Corp. and Investment
Dividends
Declared
and
Payable—1705
Redemption Calls and Sinking Fund
Notices
....1705
The
Course of
Foreign
Federal
Member
Rates
Condition
Statement
Reserve
Banks
Banks
Condition
of
1708
State¬
.....1703
ment
Auction
1736
1708
Bank Clearings
Exchange
Combined
Sales
...1705
District bonds which were turned
in
the
at
sulted
of
price
the
in
flat,
re¬
having
the
prices, which
par
town
15, 1919—
Electric
Light,
due
6%
2/15/43-44
$2,000
1919—
6,000
2/15/43-44_
i
Aug. 1, 1942—
6% Funding, due 8/1/52-_
22,000
Dec. 1, 1942—
4% Funding, due 7/1/44-67
55,000
;
Total i
$85,000
—
-
above general
In addition to the
there is still
of specials.
$30,000 of old issues of 6%
bonds,
obligation
$5,000
.outstanding
The
bonds
supported by approxi¬
are
$20,000 of sinking fund
moneys, and the debt service on
the
new
funding
4s,
approxi¬
mately
mating about $3,500, is considered
to be a fair amount for the town
levy and collect each year. We
consider the debt service not bur¬
to
that the
should meet all
and ^believe
densome
.Town of Florence
and
promptly
obligations
its
of
regularly from now on."
Phoenix),
Maricopa County (P. O.
Ariz.
.
Action Filed In Debt Re¬
New
must be less than
The right of acceptance or
rejection of all or any part of the
bonds
so
tendered is reserved.
Immediate confirmation will be
made
of accepted
tenders, and
funding Litigation—Subsequent to
the recent decision of the Ariz¬
Supreme Court in which the
court
decided favorably to
the
June 1,
payment will be made on
1943.
-
Forms to be
7
used in submitting
tenders, may be obtained, by
quest,, at the office of the
funding Board, y \
re¬
Re¬
hensive
ing indebtedness of the State has
just been issued by the Equitable
Securities Corp., New York, and
highly recommended to
all those interested in the State's
securities.
It includes a detailed
be
can
description oil - each bond issue
outstanding at April 15, 1943, and
principal amount due
in
each
year,
the purpose for
which the debt was created and
the
shows
Also
?iven is the latest available fi¬
levy.
tax-supporting
the
nancial statement of the State in
which
is re¬
debt
funded
gross
ported at $143,065,116.
In addi;ion, the study includes a tabu¬
lation showing the
annual debt
service
requirements
on
the
refunding bonds.
State's highway
Gasoline Tax Collections Dip
to
Low—April gasoline tax col¬
New
agreed
tricts
a
cost of
ona
the
of
dis¬
two
furnish them
to
$270,000.
\,':
1
at
than
more
the agreement District No.
to furnish $70,000 and Dis¬
trict No. 17 the remainder. While
was
needed, it was said.
that Rodes' position as- at
of
District
)
Drainage
Eastern Arkansas, Ark.
'corner'
the
market
Tri-
on
County 'bonds. V; Any
trict's
information
regarding the dis¬
had
Rhodes
Supreme Court Refuses To Ap¬
fiduciary
could, be used in aid of the - plan
to
Tri-County
*
By
9
affairs
should
have
been
Bond Payment—A dispatch
equally available to all taxpayers, \
Memphis, and incidentally (within reason)
the levee was to be built entirely
Tenn., "Press-Scimitar" of April to bondholders or prospective pur¬
within the boundaries of District
27 reported in part as follows:
chasers.
V V
No. 17, it would afford protection
"A final example of manipula¬
./"Sharp
criticism of financial
to District Nq< 9.
Neither district
had sufficient money to purchase manipulation of bonds of the Trir tion of funds is shown in connec¬
the rights-of-way,
but the Re¬ County Draining District of East¬ tion with Thompson's purchase of
construction
Issued—A compre¬
analysis of the outstand¬
Debt Study
for rights-of-way; the; year, is $121,777, or $54,527
not pay
Commissioners
could
par. -.
Feb.
6% Water, due
at
offering
lowest
the
chased
following bonded debt:
Feb. 25,
bonds ourchased will be pur¬
All
Monday, May 10, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1698
agreed
Corporation
Finance
loans..
from Little Rock to the
Arkansas
ern
necessary
contained in
was
a
Louis.
.
Court yesterday refusing to allow
its loan
receivers of the district to pay a
and
paid
the
entire
purchase
claim L. K. Thompson, Memphis
price.
Then it called on District
financier, had for bonds he held.
No. 9 to contribute
its $70,000.
The latter did not consummate its
failed
and
loan
its
make
to
It contended,
con¬
when the
decisions,
district can make/ im*
on loans outside its
a
provements
when
areas
such
the
to
are
best
improvements
the
of
interests
district.
ground that the
provides the landowner shall
have
the
on
opportunity to be heard
an
question of the necessity
the
on
Robins
W.
R.
Justice
Associate
dissented
law
St.
sale
.
of
July 13, 1936, the price
being $860 per bond, exclusive of
All
accrued interest.
were
part
a
of the
$400,000 issue and drew 6%'.
"The
decision
held
that
the In. his certificate Thompson says
On Jyly
bonds, on which Thompson sought purchase was July 20.
to recover, were obtained through 20, St. Louis exchange was issued
for $12,743.33 and charged to the/
conspi racy.::"
was tried, that it could not
legally subscribe to an improve¬ V-; "The 26-page decision, longest
ment
lying entirely beyond its handed -down by the court in
boundaries.
The
court
replied many months, set aside a Critten¬
that under former Supreme Court den Chancery Court order allow-?
case
a
in
the
committee
Confirmation
sent
was
from
bonds
of
bondholders'
by Chief. Justice Griffin
of the Arkansas Supreme
District No. 17 completed
tribution.
worth
$58,000
decision
Smith
the
make
to
prove
district's account with the Bank of
Marion.
Included in the payment
bonds Thompson- says;
concurrently bought for
$860 each.
In other words, the
ing Thompson to recover $36,district's money was made avail¬
293.66 ori district bonds he: held
able to Thompson in consumma¬
and
awarded the district judg¬
tion of a deal whereby he prof-.,
ment .for
$17,936.56 against the
ited $140 per bond.
Bank of Marion.
"The judgment allowing Thomp¬
"District
taxpayers
sued
the son to recover on
the
district
bank for moneys it alleged W. B.
bonds and interest, as set out in
Rhodes, cashier of the bank, had the commissioner's amended re¬
diverted from district assets which
were
on
with
deposit
the
bank.
for and fairness of the assessment
were
seven
had
he
port, is reversed.
"The
receivers
and
their
suc¬
Rhodes was a commissioner and
the effect of
needed and for additional work. later co-receiver for the district. cessors, or commissioners (if such
rationing, may establish a new
there should be), are permanently
county certain questions raised in¬
He-pointed out that this oppor¬ Taxpayers charged Rhodes used
low
record
for any month
in
enjoined from paying the bonds
cident to the refinancing of $4,tunity was not extended. He con¬ district funds to buy up district
many years.
Arkansas Revenue
in question, or interest."
tended that, since none of the' bonds in
100,000 of previously considered
depressed markets and
Department records indicated the
non-callable
highway bonds—v.
statutory steps had
been taken sell them back later at a profit.
CALIFORNIA
current month's collections may
before improvements were made,
157, p. 1513, a complaint was filed
They contended Thompson subse¬
drop below $700,000.
With most
in United States District Court at
the commissioners of District No.
;
Los Angeles (City and County),
quently formed a partnership with
remittances already received from
Calif.
Phoenix by John L. Gust, Phoenix
9 were without power to pay the Rhodes
under
which Thompson
large
distributors, the gasoline
added cost.
Chief Justice Griffin Would
attorney, on behalf of E. J. Jones,
No
Tenders
On
District
38
buy. the bonds at low rates
tax had produced only $631,800.61
local taxpayer,, asking
Smith concurred in his views.
1
that the
L. V. McCardle, City
and then ask the district to re¬ Bonds
through April 20.
If collections
court
declare
county
highway
deem them at full value.
Treasurer, reports that no tenders
swell
to
Little Rock, Ark.
$700,000,
the month's
showing
lections,
-
—
held
bonds
the
in
State
School
"Rhodes
-
revenue
The
Fund non-refundable.
still will be about $300,-
com¬
1942 Revenues Show Increase—
suicide
committed
in
received
were
April
27
Los
on
1938.
>
Angeles Acquisition and Improve¬
/
of city finances
plaint asserts some $56,000 of the
L "The Supreme Court sustained ment District
No. 38 refunding
for Little Rock made by Russell
$987,173 was received.
bonds are held in the State School
While
less
gasoline is being Brown & Company, C. P. A., said the trial court in refusing to ren¬ bonds, for cancellation of which
Fund
and
a
loss of more than
consumed, sales tax collections on total operating receipts for 1942 der a judgment against the estate a sum of $13,441 is available—v.
$3,000 will ensue if the bonds are
of John W. Scott, co-receiver of 157, p. 1226. ;•
other commodities are continuing show1, an increase of
.
..
;
$101,384.9^
refunded.
The complaint further
to increase. A Revenue from this over/the year 1941 and total ex¬ the district, for $32,156.27 against
Bonded Debt Greatly Reduced
alleges that the State Treasurer
source had reached $743,675 April
penditures reflect an increase of Z/ T/Bragg and H. C. William¬ —The outstanding bonded indebt¬
; holds in several funds more than
20, compared to $707,771 in the $66,957.21; or a net excess of re¬ son, sureties for the receivers, for edness of Los Angeles County and
$1,000,000 county bonds and that
entire month of April, 1942.
ceipts over - expenditures of $34,- $32,516.27 each and against the its governmental subdivisions, in¬
the loss to these funds would be
Revenue Department inspectors 427.76 for the two years under re¬ estate of former Crittenden Sher¬
cluding cities, school and special
more
than $100,000 if the bonds
are
collecting more sales taxes view. Total operating receipts for iff Howard Curl in for $1,815.71.
districts within its boundaries, to¬
are called for redemption and re¬
"The tribunal said there were
1942
were
taled $568,788,552.70 at the end of
$996,198.38 compared
funded. This is a companion suit despite the loss of about 3,000 re¬
tail
accounts
in
the
last
six with $894,813.41 in 1941, and exf 'circumstances indicating profits the year 1942, a reduction of $20,to the complaint filed recently in
were
divided' with Curliri but
months.
That number of filling' penditures last year were $920,864,512.26 since the beginning of
the same court on behalf of the
stations
and
small
stores 'have 505.76 compared with $853,458.55; added: Tt is possible that division last
year, according to a report by
State
of
Washington
and
the
been forced to close because of the excess of receipts over ex¬ of funds in which Curlin seems
County Auditor J. M. Lowery.;/
Equitable Life Insurance Com¬
to have participated represented
war-time restrictions, the revenue penditures
The County government's bonded
was
$75,692.62 com¬
pany
of Iowa
challenging the
department reported.
pared with $41,264.86 for 1941. money other than margin on Tri- debt as of Jan. 1, 1943, was only
right of the County to refinance
County transactions.'
Memphis Firms Held Not Sub¬ Assets of the city at the end of
$2,450,000, and it is reported that
the highway
bonds.—v. 1574 p.
"The district embracing lands
all bonds will be retired by 1949
ject To State Sales Tax—The Ar¬ 1942 were $8,982,477.81, an in¬
1321.
in
Crittenden, St. Francis
and
crease
of $344,708.31
kansas Supreme Court on April
during the
providing no new ones are voted.
Cross
Counties, was formed in
Phoenix, Ariz.
26 ruled that Memphis firms are year, the report said.
Los
Angeles City reduced its
1914.
It issued a total of $445,000
Considers Bond Refunding Plans not liable for payment of the Ar¬
bonded debt by $9,052,037.50 dur¬
Mississippi County Drainage Dis¬ in bonds. /
—It is reported that the City of kansas State sales tax on goods
ing 1942, leaving a total of $226,trict No.
April,
than
less
000
when
1942,
audit
An
report
,
.
...
•
,
Phoenix, Ariz., has under consid¬
eration two plans for refunding
the city's indebtedness submitted
by
tribunal
Boettcher
of Denver,
The plans were submitted
Colo.
in
&
accordance
Co.,
the
with
recent
Affirming a decision of the Pu¬
laski County Chancery Court the
'.ax is not
a
the
that
held
sales
2%
tax and that State
use
Commissioner
Revenue
Ark.
17,
4
sold in Arkansas.
Murray
Assessment
Funds
Tax
in
rate
assessment
tax
Co.,
Ark.,
17, which
Mississippi
District
Drainage
As
Service
Debt
Exceed
Charges—The 4%
The court decision said:
Reduced
Rate
No.
36,000 acres in North MisT
suits sissippi County and extends into
the southern end, has been re¬
1033.
The two plans were re¬ against the J. E. Dilworth Co. and
duced to 2 % for this year.
The
ported to be as follows: Plan A— Reichman-Crosby
Co.,
both
of
reduction was agreed to by the
approximately l/25th or 4% of Memphis.
agreement
entered
city and the
total
bonds
able in
and the
into
to
be
made
the
by
bankers—v.
157,
p.
ance to become optional.
Plan B
—optional dates arranged so that
annual totals of principal and in¬
terest on entire city debt are sub¬
same.
Boettcher &
Co. also agreed to a handling fee
of less than 1%.
McLeod
than
cannot
of
the
State
that
on
which
Seeks
Tenders
Of
Series
B
tax is
no
commissioners
following
meet¬
a
Court
Affirms
Arkansas
the
Cost
Supreme
a
decree
Mississippi County
Chan¬
cery
Court,
holding'
that
the
above district was liable for $70,900 of the cost of levee
rights-of-
"Ij;
of
the
used
be
tax
money
pay
to
off the indebted¬
could riot
1,200^ tax¬
Approximately
who already had paid their
1943 taxes will receive refunds of
it
50%,
was
per acre
with
valuation in this district,
on town property.
tax also
a
Reduction in the taxes was
after purchase of
the
sought
the bonds from
RFC
by the Jefferson Stand¬
ard Life Insurance Company made
of a contract it impossible for bonds to be paid
District No. 17. off except when due as the new
The latter district paid the entire owners
refused
to
continue
a
11
cost, amounting to $270,000, and
sought reimbursement from Dis¬
the
of
the General Assembly of
State, approved Feb. 12, 1934,
and Act 4 of the General Assem¬
bly
28,
of
the
State, approved Jan.
1941, the Board will receive
sealed
bearing
district
tenders
State
of
of
non-interest
Arkansas
road
refunding, Series B, bonds
until May
26, at 11
a.m.
(CWT).
way
trict
under
terms
Drainage
No.
9
as
agreed.
can
bonds
overflows
bonds
to
of Little River.
offered
to
be
by the districts in
County had proved
Levees built
Mississippi
inadequate
practice allowed by the Govern¬
agency.
Only the interest
ment
prevent
The Government
construct
a
new
levee
that
only
paid
have
date,
for
off
until
been
paid
1946, as
until
the final
off
along with
and 1970.
1969
$67,250
needed
the interest this year,
but, under Federal regulations, it 4%, the anticipated
to
With
pay
off
at a rate of
revenue
for
the district's mis¬
.
into
financial
personal
that
noteworthy
circumstance
the
to
that, while
prior
Rhodes-Thorqpson
con¬
Tri-County
had
deeming bonds at
paid in
was
821.05.
every
been
ness
now
ginning
Flood
of
$85,609,920,
indebtas
The
1942.
District
Control
com¬
be¬
County
debt
is
with
a year previous.
At present the debt of the Met¬
compared
as
ropolitan Water District is 31.74%
of
the
total
throughout
the
County.
There
duction
out
instance sube-
ten
the
has
in
been
bonded
steady
a
debt
re¬
through¬
County
years,
during the past
due for the most part
to the fact that
so
few
new
issues
to justify
attempts
actions—at
is
is
;
.
bonded
district
have been voted.
least
ameliorate, what
tend
mur
pared with $90,811,820 at the
re¬
discount,
men.
"Thompson
his
'
School
par
a
quent to the accord between these
two
debt of all 45
bonded
nicipalities,
including Los An¬
geles, in the County, was reduced
from $279,474,762.76 to $266,266,951.71, a reduction of $13,208,-
after $27,780,012.83
and
Rhodes
began
working together, only one bond
escaped them. It is also more than
a
that year.
The
$26,243,570.08,
,,
is
of
Thompson
tract
announced.
Land is assessed from $8 to $40
and
for converting
083,963.15 outstanding at the end
of the par
bonds
others,
who
are
thought to have designed a plan
gain.
resolution duly adopted by the
Refunding Board of the State of
Arkansas and, as provided by Act
with
district)
sought the reduction because
all
own
$43,000. These were ac¬
quired, according to appellants (a
group of taxpayers), in aid of a
conspiracy with (W. B.) Rhodes
(cashier of the Bank of Marion),
(John W.) Scott (co-receiver of
missioners at which the landown¬
ers
Thompson, of Memphis,
value of
fortune
payers
Grassy Lake and Tyronza Drainage
District No. 9, Ark.
K.
ing of the landowners and com¬
ness.
collected.
of
Bonds—State Treasurer Earl Page
announces
that in pursuance of
the
goods sold to Arkansans by outof-State firms
Decree—The
(State of)
Revenue
ruling deprived the State of more
than $500,000 in taxes annually on
Court affirmed recently
Arkansas
more
in
established
Department
Supreme
ARKANSAS
collect
involved
$100,000
Officials
redeem¬
each of the first 14 years
15th year the entire bal¬
stantially the
V.
covers
"L.
claimed to
he
seeks
appellants
inquiry—upon
an
to
DELAWARE
con¬
Delaware
the
(State of)
War Emergency Tax Revenues
ground that the district cannot
complain because, in any event, —With receipts from Delaware's
war
it was obligated to pay its bonds 1%
emergency
income tax
at par, and in the order of their having reached $529,000 for the
maturity.
Conceding that it first 1943 quarter as tabulated up
was
the duty of receivers to ap¬ to May 1, and with many returns
ply the money as indicated, it still not filed, the State Tax De¬
.
does
not
.
.
follow
that
Thompson
partment announced that the low
and Rhodes would be excused for
range
entering'T into
annual
manipulate
-
a
conspiracy
district
funds,
to
and
prediction
of
a
yield from the
will be surpassed.
;
$2,000,000
new
levy
.
Volume
Number 4175
157
THE COMMERCIAL & FINANCIAL CHRONICLE
The Department now estimates
1943 yield will go well over
$2,115,000 for the pay-as-you-go
income tax inaugurated for the
Make
V
the
first time in Delaware
during the
recent session of the State Legis¬
lature.
At
time, regular 1942
receipts were esti¬
same
income
tax
close
budgetary
thousand
Tax
to
$1,000,000, the
figure, with several
as
still
returns
officials
receipts
for
mounted.
pleased
were
the
largely
through a withholding
plan, was written into the law to
replace funds reduced by ration¬
revenue,
after
This
is
particularly true of the
County and Miami areas.
Dade
La
for.
bond
life
the
of
retirement
the
improve¬
ment for which bonds were issued.
the
total debt, including
overlapping debts, to the
ability of the community to pay.
and
new
Regulate and limit issuance of
certificates.
Provide
State
supervision
local
of
political
Prescribe
received
safeguards and
debt service for
date
set
Broad
revision
for
of
investment
Bonds
H.
Belle, Fla.
For Exchange—
Ready
C.
Crittenden, 311-12 Beymer
Bldg., Winter Haven, Fla., fiscal
agent for the above city, advises
that
general
refunding
bonds,
sales
by
all
in
laws
to
State-ap¬
debt composition approved by the
U. S. District Court of the South¬
District
ern
of
Florida.
accrued
in
Winter Haven, and payment will
be made to bondholder upon sur¬
Brevard
•
r
jy
I
■
Prohibit attorneys of political
Fla jnits from
acting also as attor¬
School District Bonds Called—
L.
R.
Highfill, Chairman
Board
Public
of
the
that
nounces
scribed
trict
Special
of
the
Instruction,
following
Tax
for
de¬
School
payment
Dis¬
have
been
July
on
1,
1943:
School
District
No.
1, bearing
increasing
from
2y2% per annum, Nos. 81, 101,
126 to 141, 152, 222 and 223, and
261 to 265, aggregating $26,000.
School District No. 4, bearing
interest
rates
increasing
from
2-1/2% to 5%, Nos. 6, 9, 13, 15, 18,
interest
155 to
rates
178, and 222 to 226, aggre¬
gating $36,000.
f
Dated Jan. 1, 1937.
Denom. $1,-
Due Jan. 1, 1967. Said bonds
will be paid on presentation with
all
unmatured
the
at
coupons-
Continental Illinois National Bank
&
Trust
Co., Chicago.
Florida
Urges State Control Over Local
Debts—State
supervision of local
government
debt
is
administration
a
legislative
recommended
in
committee report submitted to the
Florida
and
Legislature
referred
to
the
April
on
Finance
Committee.
Taxation
The
and
Com¬
mittee, named in 1941 to investi¬
refunding operations, found
that
local .government
officials
are seldom qualified to cope with
"Shrewd professional money lend¬
ers'' and its. proposed revisions
vent
intended to pre¬
recurrence of "the abuses
laws
a
are
that occurred in the refunding
decade" between 1930 and 1940.
"In numerous instances
the rec¬
patently disclosed unconscion¬
and unethical conduct," the
Committee said, "but more sig¬
nificant is the obvious advantage
ord
able
enjoyed by bond operators over
the majority of public officials by
of the former's
% reason
training,
the
knowledge and experience in
Held
/
of
"It
public finance."
be emphasized
must
that
of fiscal operators
have not sought to take advantage
majority
the
of this situation.
A few, however,
and the influence
of those few has extended into a
have
done
so
of the communities of
the State," the Committee said.
"Actually, fraud and graft in
refunding operations in terms of
dollars has been of minor import.
"Enormous losses
suffered by
majority
political units under refund
have
accrued, first because of manipu¬
lation of their securities by the
fiscal
agents
along with a
total
disregard for the political. units
ability to pay and still maintain
normal operation; and second, be¬
cause of refundings with ascend¬
ing scales of interest too high for
the communities to meet and con¬
sequent destruction of
borrowing
ability."
Since
1928-29, Florida's county
municipal debt has been re¬
duced from $600,000,000 to $465,-
and
000,000, according to the
tee, and interest rates
to an average of 3.7%.
;
The report
Commit¬
from 6%
makes the following
recommendations:
study
a
provide
to
discover
available
money
as a
revolving fund for municipal re¬
fundings.
Empower the State to supervise
:lebt budgets of local government
units
County (P. O. Dade City),
Croley,
when
default
im¬
appears
Require the State Board of Ad¬
ministration
bond
be
to
a
James
—
Chairman
of
F.
of
Board
Instruction, will receive
offerings until 10 a.m. on
refunding bonds issued
by the Board for the following:
suits.
validation
Establish
statistical
a
information
University
of
research
department
Florida to
at
be
of
Public
Instruction
No.
5.
No.
School
District
-
Special
Tax
School
District
Tax
School
District
in
Two-Year
Period—
;The amount of bonds to be pur¬
chased will be determined by the
Chairman. Offerings must be firm
for at least 10 days or the same
will not be
Bridge
49,838
between
April
1,
1940, and May 1, 1942, or from a
total of 1,891,085 to 1,940,913. ;/
Jacksonville and Duval County
topped all others in the increase,
being credited with 257,233 per¬
against 210,143 in 1940.
County dropped
sons
Miami and Dade
from 267,939 to 264,116 and the
Tampa-St. Petersburg area total
was
listed
of 396.
at
271,604,
.,:V/
a
decrease
/M>
/ >
the
industrial
areas
for
for
every
that
there
area,"
have
and
added
it
changes since May 1 of last year.
Sugar
ration
other
figures
compilation.
first
and
for
the
with
the
Florida,
1942
1940
coun¬
figure listed
figure second,
include:
the
Offering—Roy II. Walker,
of
Board
of
Public
In¬
$51,000 District No. 7 bonds. Due
-"
;
June
1, as follows: $4,000 in
1946, $2,000 in 1947, $3,000 in
1948, $7,000 in 1949, $5,000 in
1950 and 1951, $6,000 in 1952,
$7,000 in 1953, $8,000 in 1954,
;
-
~
'
and
$4,000 in 1955.
-58,000 District No. 2 bonds. Due
V 7" June 1, as follows: $1,000 in
V
1944, $2,000 in 1945 to 1949,
$1,000 in 1950, $7,000 in 1951,
in 1952, $13,000 in
.
rj
>$11,000
.
*
/1953, 10,000 in-1954, and $5,-
sie
'
Sullivan,
Board
by Gus-
Chairman
of
the
of Public
Instruction, that
Refunding, Series
following
A, bonds are called for payment
on
39,658, Escambia 83,169^„and
69,032, Highlands 8,321 and 9,246,
Lee 18,095 and 17,488.
Leon
35,478 and 31,646, Man¬
atee
24,940 and 26,098, Marion
31,659 and 31,243, Orange 71,682
and
70,074, Palm Beach 76,509 and
79,968, Polk 89,290 and 86,665,
Putnam
19,033
and
18,698,
St.
Johns 20,853 and 20,012, St. Lucie
12,667 and 11,871, Sarasota 16,905
and 16,106 and Volusia 48,017 and
53,710.
These figures for some of the
June 1:
rural counties indicate the migra¬
tion of persons into the industrial
(1942
areas:
population
first, followed
tion.)
Baker 5.837
by ',1940
listed
popula¬
7,163 and 8,218, Columbia 14,027
16,859, Glades 2,087 and 2,745,
Hamilton 10,882 and 9,778, Holmes
12,924 and 15,447, Osceola 8,803
and 10,119, aqd Washington 10,602
and 12,302.
and
Since
May, 1942, .however, sev¬
by the sur¬
have had large increases in
sections, covered
civilian
lation
as
well
because
School District No. 2,
6%, Nos.
64, 70, 73 to 78, and 81 to 99.
Denominations $1,000 and $500.
School District No. 7, 5V2% and
6%, Nos. 1 to 5, 16 to 45, 54 to 64,
and 83 to 87.
Denomination
lower
coupons
Bonds
with
the
at
Interest
all
-
1,
Called
Uncollectible
statement
re¬
"As
For
Redemption
following
recently sent to us
of
able.
and
1,
Interest
remain
avail¬
the bonds called
on
of April 1, 1943.
as
suits
pertaining to the
bonds were filed against the city,
which necessitated the rescinding
of those calls.
the
"In
1933
refunding,
interest
to
the
coupon
each
de¬
a
at¬
was
which
bond,
was
payable at the maturity of
The
bond.
has
validity
of
been
always
such
ques¬
tionable, and in several similar
they were declared by the
Supreme Court to be in¬
Florida
valid.
Litigation
Winter
Haven
interest
on
of
Emerande,
new
district
refunding
over
for
counsel
a
•
corporation
the
Vert-
with
large holdings in the district. The
new
bonds will be accepted by
Reconstruction
Finance
Cor¬
poration, which had acquired the
instruments
from
according to report.
mentioned
counsel
investors,
The above-
did
not
chal¬
district's right to rebut
protested
that .the
the
was
Court,
appeal was taken to the
Court of Appeals
the Fifth District, at New Or¬
an
Circuit
S.
for
District
the
in
This suit
Louisiana, where the case
leans,
As
dismissed.
also
was
a
result
$32,000,000
last
District's
statement
floating
the
debt
whereas
year,
$41,000
the
a
no
close
of
earlier
year
shown. Cook County's
was
advanced
$7,133,000,
showed
of
as
to
and
$8,336,000 from
smaller
increases
reported by the other three
agencies.
>
'The only item of debt to show
were
increase
an
tax
was
The
anticipation
amount
outstand¬
ing as of the close of 1942 was
$94,323,000, as against $93,816,000
a
earlier.
year
The city park dis¬
trict,
and
lower
totals, but these
set
by
the
county
increases
in
reported
off-
were
the
indebtedness of the Board of Edu¬
cation, sanitary district, and for¬
est
district.
preserve
Chicago Park District, 111.
Bond
Park
fo
Call
R.
rpayment
interest
on
President
—
District
J.
at
and
par
June
of
the
Dunham calls
1,
accrued
1943,
2%%,
Funding of 1938 bonds, Nos. G89
to G128, aggregating $40,000.
On
presentation
of said bonds
bonds
due
coupons
1943,
surrender
and
1943, the
all
interest
and after June
1,
belonging, at the
office, or at
on
thereto
District
the
called
so
and
June 1,
on
Treasurer's
First
National
Bank
of
Chi¬
cago, payment for saidhonds shall
be
made
and
to the holders thereof;
privilege is extended to
the
holders .'of the bonds called, to
rulings, it is apparent
invalidity of these de¬ present them with interest cou¬
after June 1,
ferred interest coupons has been pons due on and
definitely established and hence 11943, thereto belonging, for paymentv prior
to
June
I,
1943,
they cannot be paid.
"In the new refunding program, namely, at any time on or after
there will be an annual interest May 1, 1943, and holders will at
the
that
saving to the city of from $30,000
once
receive
to
same
amount of
As of March 31, 1943,
Winter
Haven had
in
it? debt
service account a cash surplus of
$40,000.
due
semi-annual
for
funds
interest
April 1, 1943, with only five
months of the current tax roll col¬
This
lected.
is
than
more
ance
cludes
$57,513.00 for
$35,000 payment of princi¬
pal.
"The current assessed valuation
of
Winter
with
$11,739,856,
population in
the tax-paying area
debt
bonded
net
Haven
Winter
rich
the
of 12,000. The
is
$2,018,228.
Polk
the
in
is
heart of
County citrus
sec¬
tion, and has a total of 23 pack¬
ing houses in and immediately
adjacent to the city."
$1,000.
1, 1938.
Due Dec.
Denomina¬
1, 1948.
The
County Board of Commis¬
26
sioners took initial steps April
the
toward
issue
bond
of
flotation
fund
to
a
the
new
entire
floating debt of the county's cor¬
porate
(operating) fund, which
totaled
$9,234,914 on March 31.
The commissioners endorsed the
introduction
inois
of
bill in
a
the
Ill¬
part of its
legislative program, that would
give the governmental unit au¬
thority to fund all judgments and
unliquidated claims.
Spokesmen
for
legislature,
the
as
a
committee of
with
designed to bring
legislative
the board said the bill, along
other
IDAHO
measures
financial
Coeur d'Alene,
the
Cook County (P. O. Chicago), III.
Would Issue Funding Bonds—
is
Haven
estimated
an
Dated Dec.
tion
suffi¬
debt service require¬
the bal¬
of 1943, which amount in¬
of
ments
is
as
full payment
principal and in¬
payable on June 1,
1943.
aside
setting
after
$98,772.00,
terest
in
Defeated—The
proposal
week
relief
be
would
Idaho
for
the
introduced
county,
within
a
ten days.
or
the
county
March 31 con¬
sisted of an estimated $6,098,000
in
unpaid vouchers, and a $3,on
April 27.
136,914
judgment,
inclusive
of
accrued interest, which the City
ILLINOIS
of Chicago obtained against the
Chicago, III.
county for the cost of operating
Warrant Sale — Robert B. Up- the Municipal Court up to Dec.
ham, City Comptroller, on _April 31,
1938.
The bill
will seek
29 announced the sale of $5,000,- authority to fund both of these
issue of $212,000
to
000
tax
anticipation warrants of
of local banks at
1943 to a group
1%
interest.
Six
in
Cut
the
Chicago
duced their aggregate
indebtedness
of
on
items, spokesmen said.
tion
Debt
by
by
issue of
the
board
The
presages
ac¬
the
by
more
area
re¬
net. bonded
than $28,-
to
about
$9,250,000.
the county sought
fund the City of Chicago judg¬
A
$28,000,000—The six major taxing
bodies
debt
corporate fund
flotation by the county of a bond
Units
Tax
Floating
water system
year
ago
ment, but a bill for that purpose
was
vetoed by Gov. Dwight H.
and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce Street. New York, BEekman 3.-3341. Herbert D. Seibert, Editor and Publisher:
Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
Chicago—In charge of Fred H. Gray, Western Representative, Field'Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
nana Company.
Reentered as second-class matter February 25, 1942, at the-post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
Commercial
William
offices:
t>
$26 00
per
in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain. Continental Europe (except Spain), Asia, Australia
$3100 per year. NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
year;
and Africa,
■
warrant
these
of
bonds was re¬
jected by the voters at an election
April 22 vali¬
on
$1,100,000 of
protests
in¬
purchase revenue
Tampa Drainage
the
were
on
valid (Andrews vs. City of Winter
Bonds
date called.
Bonds Validated—Circuit Court
bonds' for
coupons
Haven, 3 So. 2nd 805). After this
decision by the Florida Supreme
Court, a suit was filed in the Fed¬
and
almost
decreased to $20,729,000
$25,063,000.
' 1
The
City of Chicago cut its
floating debt to $9,602,000 from
$15,676,000.
The Forest Preserve
was
the Winter Haven bonds
U.
by
from
interest
deferred
Court
deferred
governmental
ments,
relative to the
taken to the Su¬
of Florida, which
specifically
declared that
coupons
six
dropping
to
$407,837,000
from $439,717,000 as of the close
of 1941.
Floating debt, including
unpaid bills, salaries and judg¬
warrants.
tached
be
the
$292,784,000 at the
close
of
1942,
compared
with
$320,838,000 as of Dec. 31, 1941.
total
"On two previous occasions the
bonds were called, but at the last
moment
totaled
year,
The
—
was
April
of
units
Total debt of the group was re¬
April 1, 1943, all out¬
standing callable bonds of the
City of Winter Haven, Florida,
were called for redemption. Funds
for the present call were avail¬
able
ness
duced
Fla.
by W. W. Jamison, City Manager:
National
District, Fla.
j
Judge Sandler
old
will
unmatured
Chase
ceases
Southwest
the
instances
—Deferred Interest Coupons Held
Bank, New York City.
,
in¬
000,000 in 1942, an anlysis of their'
quarterly debt statement showed
recently.
Net bonded indebted¬
burdens.
Winter Haven,
Said bonds will be paid on
presentation
military popu- lenge
of war activities.'fund,
as
$1,000.
Dated June 1, 1933. Due June
dated
and 6,510, Calhoun
many
in
•
1 to
1953.
court
not
cient to pay
Bond Call—It is stated
■
will
eral District Court.
"
and
vey
of
struction, will receive sealed bids
until 11 a.m. on May 13 for the
purchase
of $109,000 refunding
bonds,' as follows:
the
Alachua 41,552 and 38,607; Bay
24,948 and 20,686, Broward 38,283
eral
connection
>1,000 in 1955.
Populations
ties,
registrations and
were used / iri the
in
Spec-. Tax School
Districts, Fla. \
Auditor
fig¬
substantial
au¬
rev¬
County
Bond
*
been
in
dismissed
war¬
"are hot necessarily accurate
Authorized
City Council recently
an
issue of $39,600
certificates
Polk
employment.
The Census Bureau said its
ures
Certificates
proposed purchase
Santa Rosa Sound Bridge.
heavily on a percentage basis, in¬
dicating movement of persons in¬
time
but
sult
the
with
Many of the rural counties lost
to
refunding
taxes of property owners,
creases
preme
considered.
thorized
enue
illegal. Coun¬
was
the district told the
the
court
—The
determining
taxes
the district' between
1934
cases
32.
Pensacola, Fla.
Census Bureau reported that
Florida's
civilian population
in¬
for
coupons
7.
Special
Civilian Population Shows Gain
49,838
and
that
co
and local governments.
of
sel
by
ferred
County.
Special
Tax
operated for the benefit of State
The
1924
of
Pasco
No.
.
7 of
Board
party to all
Require county-wide election of
county commissioners
and
Wanted
sealed
June
of
levied
stopped
Fla.
Offerings
minent.
29
gate
of the
Authorize
and
exchange.
Public
creased
(State of)
fiscal
or
agents.
the
000.
refunders
for
neys
an¬
refunding bonds
called
Pasco
.
County (P. O. Titusville),
■ <
■
render of old bonds for
-
cou¬
the
funds.
•
Funds
refunding
bonds have been deposited with
the Exchange' National Bank of
pon
proved bonds of all State, county,
jity and school sinking and trust
FLORIDA
method
dated July 1, 1942, are now ready
for exchange pursuant to plan of
for payment of first interest
units.
State agencies of public bonds.
permit
ing and price ceilings.
more
Provide,
within
as
levy
emergency
This
bearing
callable
three years.
revenue
awaited.
bonds
interest
all
3%
Limit
the
mated
than
1699
THE COMMERCIAL & FINANCIAL
1700
County fiscal
officials
consistently have felt that the
floating debt should be funded as
a means of improving the county's
$16,500
purchase of $30,000 4%
18 for the
Green.
financial condition in view of its
relatively low total of bonded in¬
debtedness. The county on March
31 had a total funded debt of $24,-
After taking accrued in¬
sinking fund cash into
consideration, net bonded debt
amounted to $24,974,917.
township
bond
others
$900,
period ended
to¬
reported as
$24,244,656.53, which
by
were
revised
the
ceeded
fund's
fiscal
$600 each. Due July 1, as fol¬ $912,330.53.: This
March gen¬
lows: $1,200 from 1944 to 1956 year ends June 30.
eral fund receipts totaled $3,056,incl. and $900 in 1957.
the
department
said,
13,500 civil township bonds. One 456.14,
whereas the revised estimate was
897,810.
$900, others $700 each.
July 1, as follows: $700 $2,394,135.
for
terest and
Due
1944
from
1961
to
incl.
Interest
and
Freed
Insurance
On
'
From State Tax—Income received
$900 in 1962.
life
from
interest
as
Matson, Koss, McCord & Ice, of the decision affected all life in¬
Indianapolis, at the expense of the surance policies "in principle,"
regarding the general property
*
erating costs. One provides for a respective townships.
tax, even though the ruling was
shifting of the county's share of
IOWA
limited in this case to interest
blind relief to the Federal Gov¬
from policies.
ernment.
At present the county
Boone, Iowa
Judges
Alex
Ratliff,
Porter
and the State each pay one-half
Bond Call—R. A. Muench, City
Sims and W. H. Rees concurred
of these costs.
Passage of such a
Treasurer, has called for payment with
Judge Tilford.
Chief Jus¬
bill by the Legislature would re¬
on May 24,
1943, street improve¬ tice Will H. Fulton and Judges
sult in an annual saving of about
ment bonds Nos. 1730 and 1731,
Gus Thomas and J. W. Cammack
$350,000.
issued Sept. 1, 1937, and Nos. 1754
dissented, but filed no minority
The other measure provides for and 1755, issued Dec. 4, 1940.
opinion.
the shifting of the costs of caring
The
Appellate Court upheld
Chariton, Iowa
for the poor at Oak Forest In¬
Jefferson
Circuit -Court's denial
Price
Paid—The
City
Clerk
firmary to the City of Chicago
of an attempt by Jefferson Coun¬
and the various townships in the now states that the $13,000 3^2%
ty's Board of Tax Supervisors to
county outside of Chicago. Such semi-ann. water works revenue
sold
to
the Carleton
D. levy the general property tax.
action would result in annual sav¬ bonds
The
bill
providing for shifting
of the county's share of blind re¬
lief already is before the Legis¬
lature.
to
be
The
other
measures
within
introduced
week
a
on
meeting, Nowton
C. Farr,
President of the Civic Federation,
discussed the provisions of the
purchased at
157,
par.
p.
Morgan County (P. O, West
Liberty), Ky.
Due
Dec. 1 in 1955 and 1956.
Fort
The
—
fund
provement
bonds
offered
White-
to
Phillips Co. of Davenport, as 1J/4S,
a price of 101.05.
The $79,000 street improvement
issue offered the same day was
purchased by the Carleton D. Beh
at
"scavenger" bill.
The Co. of Des Moines, as 2V2S, at a
being proposed by many price of 100.06.
Second high bidder for the $48,throughout the
State, provides for legislative ac¬ 000 issue was Wheelock & Cum¬
tion: which
would
require the mins of Des Moines,
offering
State's attorney to conduct fore¬ 101.04 for IV4S. Other bids in¬
authorities
closure
sales
of
all
real
estate
which
general taxes have
been paid for ten years.
upon
not
J
INDIANA
Indiana
(State of)
All Local Bond Issues Must Be
cluded
an
2J/2S,
as
Jewell Indep. Sch.
Sold
Publicly — Under the pro¬
visions of .Chapter 178, Laws of
1943, all future bond issues by In¬
offer
to take $79,000
which was sub¬
mitted by the Lee County Sav¬
ings Bank, Fort Madison, and the
Fort Madison Savings Bank, in
joint account.
bonds
Dist. (P. O.
Bond
Issuance
Pending
—
The
Board of Directors is said to have
diana
municipalities, special dis¬ instituted proceedings for the is¬
of
tricts, agencies or instrumental¬ suance
$15,000
refunding
ities, whether general obligation bonds.
or revenue in
character, must be
Somers Consolidated School Dis¬
disposed of at public sale.
The
act
also
makes
municipal
a
it
unlawful
officials to
enter
contract with any person or cor¬
poration, directly or indirectly in¬
terested in bidding for the bonds,
for the purpose of furnishing le¬
gal, engineering or other services,
or
any
give
agreement
anyone an
which
would
advantage in bid¬
ding for the bonds.
Where
a
tax¬
ing unit seeks to expand or ac¬
quire a utility system, the subdi¬
vision may appropriate a sum
up
to 5% of the estimated cost of the
project to
volved
cover
trict,
for
into
all expenses in¬
in
making surveys, en¬
gineering plans and legal require¬
ments.
Bond
$7,000
bldg. imp't bonds recently sold to
Carlton D. Beh Co. of Des Moines
157,
—v.
l^s,
at
1610—were sold as
price of 101.457, a
Dated May
Due $2,000 from 1952 to
1, 1943.
1954 incl. and
$1,000 in 1955. In¬
Legality approved by
Chapman & Cutler of Chicago.
Other bids: (for IV2S), Iowa-Des
terest M-N.
Sale
Details—It
by the Township
is
102.60.
.
,
Kentucky (State of)
Highway Fund Receipts
fort
Show
recently that State Highway
receipts during the fiscal
Fund
ended March 31 totaled $19,-
year
814,288.87,
which
948.51
less
year's
receipts
than
$4,349,-
was
the
but
preceding
$2,937,131.35
than had been anticipated.
Total road fund receipts de¬
more
...
incl.
creased
approximately 18%
in
comparison to 1941-42, according
to the report, which added: "This
was
caused
largely by a decrease
of 18.6% in gasoline
taxes; 10.4%
J-J.
Monroe
Township (P. O.
Spurgeon),Ind.
in
licenses
and
permits,
and
26.1% in subvention and grants.
Bond Offering—Virgil D. Kiddle, Excise
taxes, other than gasoline,
Township Trustee, will receive increased 29.9%."
^
sealed bids until
10
a.m.
on
May
20
years
1907, maturing July 1, 1947. Said
second high
of
Marine
National
of
Bank
Charles, Jennings, office
Sold—An
$35,refunding sewerage rev¬ lows: $200,000 on Dec. 28, 1943,
has been purchased and $150,000 on Feb. 24 and March
by T. J. Feibleman ■ of New Or¬ 22, 1944, respectively. The First
leans.
Dated Nov. 2, 1942.
Le¬ National Bank of Boston, second
gality approved
by Charles
& hi^h bidder, named a rate of
000
4%
bonds
enue
Trauernicht of St.
Louis.
0.47%.
Mamou, La.
Bond
Haye
Randolph, Mass.
Call—Village Clerk P. La
that 5% semi-ann.
states
Utility bonds Nos. 15 to 64 to
Feb.
the
amount of
for
payment
Dated
Said
bonds
price of
will
par
redeemed
be
offering
in¬
notice
information
the bonds:
Dated April 7, 1943.
Due April
7, 1963, optional serially in nu¬
order
dates
ment
and
1947,
The
at
and accrued inter¬
est to
call date at the St.
Bank
the
for
like
been
of
refunding a
presently out¬
bonds,
purpose
amount
standing
authorized
of
non-optional
dated
April 7, 1942, bearing 5%
interest and maturing on April 7,
1944
to
1952.
The
Refunding
bonds
same
will
rate
interest
bear
as
at
the bonds to be
funded from the date thereof
til
maturity
of
the
re¬
un¬
the
respective
bonds to be refunded, and there¬
after at the rate of 314%.
It is
provided by and in the resolu¬
tion
General fund
be
refunded
are
surrendered
In order to deter¬
ceases
on
date called.
revenue
Bond Election—The- issuance of
receipts $40,000
drainage
bonds will
be
Second
and
National
Bank of Boston 0.548%.
Waltham, Mass.
Note
Sale—Goldman, Sachs
of
New
O. Anc-
City Treasurer, will receive
bids (including telegraphic offers)
until 5 p.m.
(EWT) on May 11
for the purchase at discount of
$650,000
notes.
Dated
May
1,
bid
offered
discount
Note Offering—Adrien
York
for
May
of
rate
submitted
&
the
the
$300,000
naming a
3,
0.446%.
Dated
May 3, 1943, and due Nov. 5, 1943.
til,
and
due
Dec.
31, 1943.
Van Buren, Maine
Default
Continued—Robert
C.
Violette, Town Commissioner,
re¬
ports that bonds and interest on
the town's indebtedness have been
defaulted since 1935 and,
be effected.
can
MICHIGAN
Bloomfield
School
During the three months of this
year the city spent $15,789,827.26,
or 27.79%
of the total appropria¬
according
for
to
the monthly
by Budget
March
Director Herbert Fallin.
in
these
199.92
expenditures
for
debt
Included
is
service
$6,740,-
and
pen¬
sion
fund, the balance of $9,049,627.34 representing the total ex¬
pended for operating purposes, or
21.39% of the operating appro¬
priations.
This compares with
24.00%
for
1942
and
22.11%
for
1941.
Deputy City Register, reports that
the voters authorized
$12,500,000
water
May 4.
an
issue of
bonds
New Bedfordf Mass.
Note
June
1943.
1,
delivered
to
the
Bonds should be
Community Na¬
tional Bank of Pontiac.
Erin
Township
School
District
(P. O. Roseville), Mich.
ing
26
bonds of
$68,000 refund¬
1943 offered April
awarded to
Crouse, Ben¬
nett, Smith & Co. and McDonaldMoore & Co.,
both of Detroit,
jointly, on a bid of 100.016, a net
were
interest cost of about
3.355%, for
bonds as follows: For $52,000
maturing Nov. 1, $2,000 in 1944
to
1949, $3,000 in 1950 to 1957,
$4,000 in 1958 to 1961, bearing in¬
terest at 3%, to Nov. 1, 1946;
3V2% thereafter to Nov. 1, 1953,
and 3%% thereafter to maturity;
and
$16,000 maturing $4,000 in
1962 to 1965, bearing interest at
21/2% to Nov. 1, 1947, and 3V2%
thereafter to maturity.
the
Denom.
Dated March 1,
1, as follows: $2,1949, $3,000 in 1950
to
1957, and $4,000 in 1958 to
1965.
Principal and interest pay¬
1943.
$1,000.
Due Nov.
000 in 1944 to
able at the Detroit Trust
Co., De¬
maturing Nov. 1,
1965 are optional on and after
Nov. 1,1944; bonds maturing Nov.
1, 1964 are optional on and after
Nov, 1, 1945; bonds maturing Nov.
1, 1963 are optional on and after
Nov. 1, 1946, and bonds maturing
Nov. 1, 1962, are optional on and
after Nov. 1, 1947.
troit.
Bonds
Ferndale, Mich.
Tenders Accepted
tion with the
—
call for
In
connec¬
tenders
on
April 19, of refunding of 1935
bonds, Series F, G, H, and I, and
certificates of indebtedness, Series
A, B, C, and D, City Manager Jay
F. Gibbs advises us that the City
Commission purchased bonds ten¬
dered
as
follows:
*
By the State of Michigan: Cer¬
tificates of
Indebtedness, Series C,
$520, at 94.00,
to the amount of
Sale—The issue of $600,-
By the City General Investment
offered May 4—v. 157,
Fund: Certificates of Indebtedness,
Series C, to the amount of $475,
000 notes
p.
Fractional
6,
Bond Sale—The
Baltimore, Md.
Revenues
and
Expenditures—
statement
No.
Mich.
Call—Reginald E. Cox,
District Secretary, announces the
call for payment on June 1, 1943,
at
par and accrued
interest, of
refunding bonds of June 1, 1939,
Nos. 66 to 80, both incl., maturing
on June 1 from 1952 to 1954 incl.,
and subject to call on or after
MARYLAND
tions,
Township
District
Bond
No. 6
Gravity Drain.
Dist. No. 22 (P. O. Opelousas),
:'•;;;//•
0.48%
ton
notes
Crouche
'/■'
0.477%;
Merchants National Bank of Bos¬
successful
MAINE
or
La.
discount.
National Bank of Boston
Co.
at an
proposals, a specified election on
percentage of the bonds dated
MASSACHUSETTS
April 7, 1922, must be procured
and surrendered by the party on
Holliston, Mass.
whose behalf the proposal or pro¬
Purchaser—Town Treasurer E.
posals are made within five days K. Vaughan states that the $20,from the date of such proposal, 000 revenue notes sold recently at
and no such proposal will be con¬ 0.43%
discount, as noted here,
sidered that does not satisfactor¬ were
purchased by the Merchants
ily assure the Board of Educa¬ National Bank of Boston.
tion that the party on whose be¬
Massachusetts (State of)
half such proposal is made will so
Secondary - Sale — The
State
procure
and surrender at least
Treasurer on April 27 disposed of
35% of such School Improvement
bonds within the period aforesaid. an aggregate of $1,420,000 various
State and municipal bonds which
were held by the Treasury fund.
LOUISIANA
Coulee
0.475%
at
May 10, 1943, and due May
1944.
Other bidders: First
10,
Trust Co., of Opelousas,
Branch, Eunice.
Le wist on, Me.
pay¬
commencing April 7,
ending April 7, 1955.
notes
purchased on
$75,000 rev¬
of
issue
an
&
Landry
,
have
bonds
interest
on
28
Dated
June
1, 1937.
Denom.
Due June 1, 1944 to 1951.
$500.
a
June 1.
on
Brockton
of
enue
$25,000 are called
Sale—The Home National
Note
Bank
Gas
cerned
bond
National
Second
Boston, at 0.448 discount.
Dated May 6, 1943 and due as fol¬
cluded the following
The
thereafter.
the
to
Bank of
of
issue
with respect to
1, 1952, and 314%
April
<
Quincy, Mass.
awarded
Bonds
rate
Sale—The issue of $500,notes
offered
May 5 was
000
Lake Arthur, La.
a
Note
date
called.
bidder, named
0.419%.
Lake
on
although
nothing can be done at this time
regarding payment, the town is
hopeful that by next Fall some
action
satisfactory to all con¬
and will bear 5% interest to
posal
partment announced from Frank¬
Interest payable
in
mature
mine the most advantageous pro¬
that the following building bonds
aggregating $15,000, sold to the
City
Securities
Corp.
of
In¬
dianapolis—v. 157, p. 1410—were
awarded as iy4S, at a price of
100.813, a basis of about 1.14%:
■
bonds
The
and cancelled.
Decrease—The State Finance De¬
10,000 civil township bonds. Due
$625 from July 1, 1944 to 1959
school
to
,
KENTUCKY
now
$500 from Jan. 1, 1945 to 1954
incl.'.
'.
■ ■
4 an issue of $146,000
refunding bonds, at par.
May
on
by the said School notes at 0.40% discount, plus a
bonds are part of premium of $4.
Due Dec. 10,
$40,000, dated July 1, 1943. R. L. Day & Co. of Boston,
These
issue of
bonds will be paid as to principal
and
interest
at
the
Calcasieu-
&
awarded
Palmer, Mass.
July
on
—
Trustee
$5,000 school township bonds. Due
Board.
an¬
Hilliard
were
0.573%; National Shawmut
Boston, 0.613%.
ton,
Bank of
authorizing the issuance of
Revenue collections during the
the
Refunding bonds that said
three months of this year totaled
bonds are to
be prepared
and
Moines National Bank
$27,686,435.03, as compared with
& Trust executed and
thereupon deposited
Co., Des Moines, 101.44; White- with the Fidelity & Columbia $25,153,969.97 for the same pe¬
Phillips Co., 101.21; Vieth, Dun¬ Trust Co., of Louisville, with in¬ riod in 1942 and $22,955,852.59 in
1941.
can
& Wood, 100.72; (for l%s), structions for
delivery thereof as
Bonds Voted
Martin Epple,
Paine, Webber, Jackson & Curtis, and when the bonds authorized
Ind.
Bond
p.
a
basis of about 1.34%.
Liberty Twp. (P. O. Waldron),
stated
Iowa
DetailSr—The
Sale
Louisville
of
Son
bids: First National Bank of Bos¬
assumed
now
Ky.
B.
Dated May 4,
12, 1943. Other
1, 15 School Building 5% bonds of I Note Sale—The Merchants Na¬
the
Town
of
Jennings,
to be tional Bank of Boston purchased
drawn by lot for redemption, and on May 4 an issue of $100,000
1943
Owensboro,
merical
Jewell), Iowa
Officer,
est-to-follow basis.
1943 and due Nov.
Lynn,
date called.
Bond Sale—J. J.
an
18.
School
Parish
calls for payment
Board
Interest
bridge refunding bonds of 1942,
1 to 3, are called for pay¬
ment on June 1, 1943, at par and
accrued interest, at the FidelityColumbia Trust Co.,
Louisville.
Dated June 1, 1942. Interest ceases
measure
at
Board, La.
Eunice
Nos.
on
voters
for May
Call—The
that 4% county road and
nounces
so-called
tax
R.
Harry
—
Local Finance
State
$48,000 im¬
awarded
were
Call
Bond
Madison, Iowa
Sale
Bond
May 3
At a meeting of the legislative
committee, which preceded the
board
1410—were
are
ten days.
or
Beh Co. of Des Moines—v.
the
to
scheduled
Bond
insurance
signed to cut an estimated $1,500,000 from the county's annual op¬
Monday, May 10, 1943
Jefferson Davis Parish School
an
The legislative program of the
All of the bonds will be dated
board, approved on the 26th, in¬ May 1, 1943.
Bidder to name a policies was declared exempt re¬
cludes three other measures. One single rate of interest, expressed cently from the general property
tax of 50 cents on each $100 val¬
of
them
provides for
a
new in a multiple of V4 of 1% .
The
uation in Kentucky%
pegged levy bill which, it was bonds are payable from unlimited
Members of the Court of Ap¬
said, will seek an increase in the ad valorem taxes to be levied on
current levy of $7,500,000 for cor¬ the taxable property of the issu¬ peals divided 4 to 3 on the rul¬
porate purposes.
ing units.
Legal opinion in both ing. Judge Henry J. Tilford, who
be
furnished
by wrote the majority opinion, said
The two other measures are de¬ instances will
ings of an estimated $1,200,000.
submitted
election
ex¬
estimate
31
bonds. taling
for
school
One
-
nine-month
the
in
March
building bonds, as follows:
CHRONICLE
1610—was awarded to
& Co. of Boston, at
Leavitt
0.549% inter¬
at
90.00.
v
Volume
s-
Number 4175
157
Certificates
of
Indebtedness,
C, to the amount of $140,
Series
\
at 95.00.
Mr.
;
Gibbs
v
also
'
....
informs
that
us
the
following tenders were re¬
ceived, but not accepted:
By the Citizens Commercial &
Savings Bank, Flint: Certificates
of Indebtedness, Series C, to the
amount of
$40, at 40.00, flat.
By Messrs. Braun, Bosworth &
Co.:
Certificates
Series
of
Indebtedness,
C, $40, at 39.60 flat.
By the Detroit Trust Co.; Cer¬
' ,'
D,
of
the
to
Indebtedness,
of
amount
$2,-
■475.12, at 100.00, flat.
There
for
were
tenders received
no
refunding of
B, C, and D.
has
sion
Series A,
The City Commis¬
1935,
authorized
that
$10,000
of these bonds be called for pay¬
of the next in¬
which is June 1, 1943.
by lot,
ment,
terest date,
as
Call—City Clerk T. H.
O'Donoghue announces the call
for payment on June 2, 1943, of
following
bonds:
Refunding
1935
-
Series
and
H,
F, Nos. 52, 153, 272, 274.
324; Series G, No. 19; Series
Nos. 21, 24, 28, 61, and 62;
Series
I, No. 125.
Said
bonds
the
be
Detroit Trust
Bond
presented
Co., Detroit.
Woods, Mich.
Call—Village Clerk Philip
Allard
calls
for
payment
on
June 1, 1940 refunding bonds Nos.
493 to 507, dated Oct.
15, 1940,
in denomination
of $1,000,
ma¬
turing Dec.
1, 1965.
Redemption
plus accrued
will be made at par,
interest to date called
troit
Trust
Co.,
at the
De¬
Bonds
Detroit.
be deposited for redemption
or after May 20, 1943.
may
on
Michigan (State of)
New
■
Municipal
Enacted—A
It
new
known
Law
Finance
law dealing
with
as
relates
to
the
bonds,
levies and
creates a
Secondary
borrowing
and
notes
sinking funds;
Clerk
City
—
$93,000 various city bonds offered
by the Municipal Service Com¬
mission
on
April 19 were sold
as
follows:
To
&
Harriman
&
Co.,
basis of 1.19%.
Extension, 5%, J.
129.81,
Ripley
a
Works
J., $21,000. Dated July 1, 1922.
Due
July 1, 1951.
Harriman
Ripley
&
Co.,
Inc., at 128.65, a basis of 1.286%.
Public School, 41/2%, A.
& O.,
$54,000. Dated Oct. 1, 1922. Due
Oct. 1, 1952.
To
Halsey, Stuart & Co., at
112.47, a basis of 1.085%.
Fire
Protection, 5%, J. & J., $3,000.
Dated July 1, 1916.
Due July 1,
i946.
To Crouse,
Bennett, Smith ;&
Co., of Detroit, at 130.375, a basis
of 1.50%.
Grade Separation, 4%,
A. & O., $15,000.
Dated Oct. 15,
1927.
Due $5,000 Oct. 15, 1955 to
1957.
supervision of tax
municipal debt were
the
to
supported
.included. State Treasurer D. Hale
result the
new
Municipal
duties
the
of
member
Public Debt Commission.
;Treasurer
as
State
the
a
the
of
of Michigan
relating
to municipal obligations, having
been passed over a period of years
laws
many
times
numerous
conflicts.
amended,
cross
May
con¬
of this it
thought that in the process of
one
act might well
the
consolidation
be drafted which would cover
•regulation of all tax supported
-municipal debt.
Except that it
^authorizes short-term borrowing
and the refunding of existing in¬
debtedness, this act is regulatory
only, the inherent power to issue
all other obligations being in the
•Constitution and the general laws
of the State.
new
solidation
to
amount-
83.98%
;
of the
$547,137.83,
1940
or
levy of $651,-
540.71,*
in
of assessments
1943
to
$394.06
Commission,
the
ideas
interested
of
munici¬
and bond attorneys.
the
It
1947
Current—W.
Clerk,
C.
reported
recently that payment of princi¬
pal and interest on all county
bonds
is
on
current
a
that sufficient funds
to meet all
basis
are
and
hand
on
1943 debt service.
In
been
reduced
$291,000
1940.
in
to
1941
Bulk
debtedness
$259,880
and
of
the
from
$337,000
in¬
existing
consists
of
31/2%
in
and
3V4 % road bonds "and at present
the road interest and sinking fund
balance is $33,026, with the next
road
bonds
this
1,
levies
in
and
interest due Oct.
year."
are
1940
Court
Stating that tax
considerably lower than
and
1941,
the
Chancery
price of par, as previously re¬
ported in these columns, bear date
re¬
March
31
compared
as
great pride that
record
of
we
this
issue
1
.
of Oct. 1,
1941.
One bond for
$500, others $1,000 each. Due Oct.
1, as follows: $1,500 in 1955, $2,00C
in
1956 to
1958, and $3,000 in
bonds
1959.
All
of said
bonds
are
Tax
The
Rate
City
Since
Lowest
Council
has
1933—
fixed
the
Treasurer's
office.
issued
were
to
The
bonds
provide funds for
the redemption of
debtedness^
outstanding in¬
are direct obli¬
and
gations of the entire District, pay¬
able from ad valorem taxes levied
against
all
therein.
the
taxable
Legality
property
approved
by
Wells, Martin & Lane, of Omaha.
Lincoln, Neb.
Bond Call—Theodore H. Berg,
City Clerk, has issued a call for
payment of various bonds, as fol¬
Village
an
one
general
1943 Minnesota Legis¬
making
We doubt if there
act of the
That
was
any
meet'with
more
tax
de¬
veloped no substantial amount of
revenue, was justly criticized as
being covered by income tax col¬
was
nuisance,
a
had grown in recent
to be particularly vexatious
lections,
years
because of the
in
the
blank
to be
maker had
feel
incorporated
been
return
had
We
multiplicity of list¬
had
that
—
made
report
if the
a
even
the
only
mistake
going all the
the
way
and wiping the
statute
of simply abating
books
instead
it for two
Having gone this far, how¬
good example has been
set and we hope that two years
hence it will
be dispatched to
belongs.
'
of
issue of $35,000,
Cash
issue
Legality
This
will
—
An
of $92,000
dated
refunding bonds,
1942, has been ap¬
to legality by Charles
May 1,
proved as
& Trauernicht
of St. Louis.
charter
$45,000
price
bond
house
of: par and mature
as
first time since
into
went
had
$1,000,000 on
was reported.
effect
17
the city has not
from $500,000 to
anticipation notes, it
v
at
a
fol¬
of
amount
$10,000, part of an is¬
$100,000, dated June 1,
1928, in denom. of $1,000, and ma¬
of
'
Board
Sells Bonds
—Henry H. Bartling, Secretary of
will
be
asked
free
Offering
received
total of
$1,061,500 tax-
O. Pawnee
City), Neb.
To
Issue
until
8
p.m.
issue
refunding
of
bonds
York, Neb.
on
Authorized
Bonds
of
The
—
$194,000 refunding bonds.
exceed
one
6%,
payable
M-N.
May 1, 1943.
If amortiza¬
bonds
entire
sold
are
and
issue may
single
bond
NEW
issued,
be put into
divided into
Fort Lee, N. J.
~
:
Tax Collections—From the min¬
of
several
the
Local
may
constituting
the
Municipal Fi¬
nance
Commission, pertaining to
the borough's finances, we reprint
the following:
bonds, as the City Council
determine upon at the time
of
sale, both principal and inter¬
est to be payable in semi- annual
installments during a period of
serial
bonds
issued
are
and
the
23.99%
of $250
like
amount
thereafter
a
bonds
of $250 of
will
become
1, 1943, and a
May 1, 1944, and
Nov.
on
like
amount
on
the:
for
a
102.38.
same
days
each
year
of
1943
Board,
taxes
to
to
$144,814.82, or
of the 1942 levy of $603,-
570.08.
.
sum
meeting of
19
Government
amount
sold, they will be in the amount
each;, the
April
"Collections
date
Collections
similar
or
of
period
22.70%
1942 taxes
were
$142,-
of the 1941 levy
of $625,979.01.
"Total
contract
a
with
Co.,
and
Loughridge
Bosworth,
Chanute,
& Co., both of Den¬
ver, agree to provide the required
engineering
and
legal
services
and to underwrite
250,000
electric
bear
interest
an
issue of $1,-
plant
bonds.
revenue
The
at
purchase
bonds
rates
will
from
2%
to
3%%, maturing in one to 20
years, and callable after the fifth
year at a price premium of 4%%».
The
bonds
city
to
properties
will
be
provide
Electric Co.
issued
for
of
by the
purchase of
the El Paso
located in Dona Ana
County, of which Las
the county seat.
Cruces
is
McKinley County (P. O. Gallup),
N. Mex.
School
W.
M.
District
Bonds
Called—
Bickel, County Treasurer,
announces
that
-
school
,
district
bonds Nos. 43 to
on
are
June
1930.
46, bearing 5Vi%
called for payment
1,
1943.
Dated June. 1,
$500.
Part of an
Denom.
original issue of $35,000.
NEW VORX
Albany, N. Y.
Bond Borrowing Bill Vetoed—
,
Governor Dewey has disapproved
the bill authorizing the above city
to borrow money
in
and issue bonds
aggregate principal amount,
exceeding $1,400,000 to pro¬
an
not
vide funds to meet the remaining
portion of the accumulated oper¬
ating deficit of the city, and to
authorize
notes
the
of
the issuance of
In disapproving the
such bonds.
the
bill
issuance
the
pending
said
Governor
that
the
bill authorized the city to borrow
and issue bonds
money
in order
operating deficits. The
to finance
bill
does
not
with
meet
the
ap¬
proval of the State Comptroller:
collections of 1942 taxes
to
accounts.
stated that he
ernor
The
was
Gov¬
not sat¬
at the present time.
essary
Greece
2505 Ridge Road
O.
(P.
West, Rochester), N. Y.
Bond
Offering—Hugh T. Hughes,
Clerk, will received sealed
Town
3:30
until
for the
p.m.
on
May
14
purchase of $88,000 not to
6%
exceed
interest
coupon
or
registered bonds, as follows:
$65,000 Sewer Dist. No. 1 bonds.
Due Jan. 1, as follows: $3,500
in 1944 to 1949, $4,000 in 1950
JERSEY
utes
or
Contract —Un¬
of
city, the firms of Boettcher &
bids
City
Council recently authorized an is¬
sue
.
isfied that this legislation is nec¬
Bonds—An
21/4%
{
~
Purchase
municipal
County (P.
bids
May 17, by Floyd Willard, City
Clerk, for the purchase of $8,500
airport bonds. Interest rate is not
City
ordi¬
whose duties include the. audit of
obligations.
Pawnee
the county. Dated
July 1, 1943. Denom. $1,000. Due
July 1, 1958.
Sealed
—
a
on
will be sold by
Plentywood, Mont.
Bond
the
by the
City of Lincoln, 4%% Aviation
bonds, Nos. 91 to 100, to the
thereafter now amount
■ 82.19% of the
$25,000 Separate Road District No/ until all of such bonds are paid.
The bonds, whether amortiza¬ 570.08.
3 bonds.
Due May 1, as fol¬
lows:
assumed
Field
$66,000
MONTANA
during 1942 by Herman Bensdorf said .serial
& Co., of Memphis, were pur¬ payable on
the
been
Educational
the
ago that
to borrow
If
31/2%' refunding bonds purchased
by
eliminates
17 years from the date of issue.
Montgomery County (P. O.
Winona), Miss.
...
Bond Sale Details—The
be the
years
the
Approved
have
confidence
hand
on
an
MEXICO
the terms
in
necessity of the city's borrowing the Board of Educational Lands
and Funds, sold on May 3 various
on anticipated notes for operation
from May 1 until tax collections State local subdivision bonds ag¬
for 1943 get under way in June. gregating $897,000.
Bids were
tion
Houston), Miss.
City
Bond
der
dated June 1,
denomination of $1,000,
and maturing June 1, 1948.
These
1928,
sue
for the debt and interest fund.
Dated
Chickasaw County (P. O.
fund,
NEW
interest,
Man¬
the turing June 1, 1947 and 1948.
Interest ceases on all the above
city would be able to operate on
the tax levy, which was reduced bonds on dates called.
from last year's 94 %
cents for
Nebraska (State of)
operating expenses and 53 cents
expressed
ager,
to
MISSISSIPPI
interest
a
years,
a
Bond
and
for
cents
$1.47%.:
L. P. Cookingham,
1945.
the limbo where it
debt
50
was
meaning that the whole thing will
have to be threshed out again in
ever,
and
total of $1.40, the low¬
est since 1933.
The levy in 1942
the
tax to pay.
no
that
Legislature made was in not
off
fund
notes.
or
the
lows:
City of Lincoln.
of
The
—
Las Cruces, N. Mex.
op¬
1, 1951. Principal and
payable at the County
interest
Village of College View, 43A%
Refunding bonds, Nos. 20 to 25,
to the amount of $6,000, part of
City, Mo.f
Authorized
passed recently
calling for the issuance of
$20,000 fire * apparatus purchase
tional Oct.
On June 1-
Kansas
purchase bonds.
Amboy, N. J.
nance
On
with
the
Bonds
Council
a
May 1
Bethany
Heights.
county 4%% Refunding bonds, Nos. 47
now and compare it with some of
to 76 and 93 to 100, to the amount
the
past
that
is
the of
records;
$19,000, part of an issue of $60,bonded indebtedness, high levies,
000, dated Jan. 1, 1926, in denom¬
etc.
We feel that the county has
ination of $500, and maturing Jan.
finally got off of the black list
1, 1946.
These bonds have been
and it is our wish that it be kept
assumed by the City of Lincoln.
view
Perth
-
$10,500
4% refunding bonds sold to Rob¬
ert E. Schweser Co. of Omaha, at
added:
is
"It
500 fire truck
(P. O. Franklin), Neb.
Sale Details—The
erating
chased
act represents a con¬
of
Service
Chancery
}>
West"
"Commercial
references
Because
from
MISSOURI
follows:
as
tax
-
July 1
on
County (P. O. Raleigh),
No. 1
Bond
Minneapolis commented editorial¬
Attorney-General
and
•Superintendent of Public Instruc¬
tion, was proposed to function in
place of the Public Debt Commis¬
sion and Loan Board and to take
State
General,
palities,
or
"Total collections of 1940 taxes
now
amounted to
County School District
ly
the
The
$536,646.53,
•
ceivable
Fairbury, Neb.
bonds
composed of
Treasurer,
Auditor-
•Finance Commission,
•was
a
to
979.01.
^
1943 tax levy at 90 cents on the
$100 valuation for the general op¬
the
that
outline suggested changes
$5,000
Smith
(State of)
1943-1944—The
office of the Public Debt Commis¬
Chairman
rate Road District bonds. Due
Money And Credits Tax Abated
ings
and
Enclose
interest.
amount
85.73% of the 1941 levy of $625,-
"Collections
that way 7'
Minnesota
of the Public
Commission, directed
the
and
accrued
NEBRASKA
f 1955 inch
MINNESOTA
Municipal Finance Com¬
proposed, among which the Pub¬
lic Debt Commission,
the Loan
Board and those functions of the
State Treasurer's Department re¬
tain
"Total collections of 1941 taxes
now
Rolling
addition, he said, bonded debt has
at
Water
of
cer¬
Sale
Lawrence J. La Course states that
January, - various consoli-» credits tax for this year and next
dations
of
State
agencies were —effective immediately.
The
years
The bonds
certified check for $1,000, payable
to the clerk.
»
40,000 Fourth Supervisors Sepa-
Jones,
Last
over
and
Sale Details—The $82,000
Debt
Wyandotte, Mich.
popular favor and approval than
its eradication of the moneys and
the
May
Miss.
lature that will
a
redeemed
five
after
will be sold for not less than par
July 1, as follows: $2,000 in
1947 and $5,000 from 1948 to
Co., De¬
parts of acts inconsistent with
the provisions of the new act.
as
be
interest payment
and
,
mission, prescribing its powers
and duties; and repeals acts and
and
(P.
O.
Fork), Miss.
troit.
of
sion to
County
certificates should* be deliv¬
Said
of
Debt
Bond
will
any
10, Mich.
ered to the Detroit Trust
suance
Brake,
Sharkey
serial,
on
from
from the date of issue.
Due $2,000 on
1945 to 1954 inch
1 from
1, 1937. Due April;
1, 1946,' optional at par flat on
April 1 or October 1, of any year.
For
lating
inch
4 bonds.
Dated June
by municipalities; the is¬
-
1963
20,000 Separate Road District No.
132, 133, 140, 142, 143, 204,
207, 211 to 214, 222, 225, 260, and
274 to the amount of $3,996.25.
Public Act. No. 202.
tificates of indebtedness; provides
>
1954 to
Nos.
money
for tax
date
Due
municipal finance, was signed by
the Governor on April 17 and is
now
to
or
full
—
To
Grosse Pointe
F.
in
$1,000 from .1944
to
incl.; $2,000 from 1949
1953 incl. and $1,000 from
with $2,046.01 collected
refunding bonds purchased
during a
Proposed Bond Issue—The City
similar period in 1942."
during 1942 by Herman Bensdorf
Council on April 20 passed an
&
Co.
of
Memphis, were pur¬
ordinance to issue $18,366.50 pav¬
Certificate Call
District Sec-, chased
Orange, N, J.
^
by the bond house at par
Bond Issuance Contemplated—
ing bonds for paving districts No.
retary John E. McClellan is call¬ and mature as follows:
The City Commission is said to
23, 24 and 25.
•
;
ing for payment on Oct. 1, at par, $42,000 Third
Supervisors Sepabe planning the issuance of
1937 certificates of indebtedness
$22,rate Road District bonds.
Franklin
Inc.,
shall
for payment on or before June 2,
at
tion
1948
3%
Royal Oak Township Sch. Dist.
Bond
the
lows;
.
■
,
Certificates
Series
approval of the Michigan
legislative group of the I. B. A. It
is thought that Michigan now has
a workable law containing under¬
standable provisions, without con¬
flict, that can be intelligently ad¬
ministered. This should go a long
way toward maintaining and en¬
hancing the credit rating of the
obligations of Michigan's munici¬
palities.
V.1
No.
tificates of Indebtedness, Series C,
to the amount of $100, at 98.25,
flat.
has the
$496,068.41, or
1942 levy of $603,-
and
1951, $4,500 in 1952 to
1959. Issued pursuant to Chap::ter 782 of the Laws of 1933,
the Town
eral
Law and the Gen¬
Municipal
Law,
as
amended, for the purpose of
paying a portion of the cost
of constructing a sewer sys¬
tem in the District, a project
undertaken with Federal aid,
the
period
of
probable use¬
fulness of which is 30 years.
23,000 Sewer Dist. No. 1 Im¬
provement bonds. ' Due Jan.
follows: $1,500
in 1944
1,
as
to
1951, and $1,000 in 1952 to
1962.
Issued
Town
Law
pursuant to the
and
the
General
THE COMMERCIAL & FINANCIAL CHRONICLE
1702
ton &
]
Dated Jan.
tions
or
one-tenth
of
Each
1%.
tion of the State has
single
a
rate
of
interest.
be
is seldom
and
coal
property in Sewer District
1, but if not paid from such
levy, all the taxable real prop¬
erty within the Town will be sub¬
taxes
to
rate
to
as
event that
steel
that the
is
0.90s
an
and
ore
made
was
by
a
the
prior to the delivery of;
the
fields
coal
distance
same
by the terms of any Fed¬
eral income tax law, the success¬
ful bidder may, at
his election, be:
relieved of his obligations under!
the contract to purchase the bonds
and in such case the deposit ac¬
companying his bid will be re¬
turned.
The approving opinion
of Vandewater, Sykes & Galloiway, of New York, will be fur¬
nished the purchaser without cost.
Union Free School District No. 4
Lorain, Ohio
0.51%,
Division
Commerce
explained, "was un¬
a part of a long range
program
of expansion for New
York State industry.
It is con-;
eluded from Dr. Otte's report that
dertaken
as
the revival of interest in the Ad-1
irondack
rests
ores
firm
a
on
foundation,"
•
Service Men's Pay Tax-Exempt
plus
$21;
National
Other. Bids—As
ported
1944
bids
to
Governor
V etoes
on
Bonus
ary
Governor
vetoed
Legislation—i
Bond
Thomas
E.
Dewey
has
the
measure (Erlich Bill,
& Trust Co., Syracuse, par
A. Int. No. 1638, Printed No.
1862);
1.30s; Newburger, Loeb & Co.,'
approved at the recent session of
1.40s,
100.28; Salomon Bros. &
the Legislature to authorize New'
Hutzler, 1.40s, 100.20. '
;
York State's 12,000 local taxing
New York, JV. Y.
units
to
issue
five-year serial
Bank
for
:
Local
Assessment
-
Bill
Ap-|
proved—The Quinn Bill,
extend¬
ing the time for payment of local
improvement assessments and re¬
ducing the interest rate on unpaid
balances, was unanimously ap¬
bonds
ary
finance
to
bonuses
ployees.
emergency
sal¬
municipal em¬
memorandum an-;
to
In
a
CAROLINA
Candor. N. C.
for the purchase of
11
to
exceed
6%
bonds
for
such
purpose]
Bidder
J.
A.. White & Co.,
%. "
Cincinnati
$21.00
$31.00
Ryan, Sutherland & Co.,
Toledo
Ohio
Co.
13.00
Columbus
_
18.00
11.50
_
of
25.50
Boston, Ohio
Bond Sale—The
$21,000 refund¬
ing bonds offered May 3—v. 157,
p.
1412—were
Reusch
at
a
&
of
and due Nov.
$6,000 not
1949
and
100.01,
a
Fox,
as
basis
2s,
of
Dated May 1, 1943
1,
follows: $1,000
$5,000 from 1950 to
as
1953 incl.
coupon
to
Co., Cincinnati,
price
about 1.998%;.
in
awarded
<■
these tax burdens," Calder j
told
the Board.
The
of
the
extends
sessments from 10 to 15 years
lowers the interest rate
Offering
W.
will
sealed bids until
•
Dated May 1, 1943 and
delivery on or about May 25, at 1.87%.
place of purchaser's choice. Prin¬ due Nov. 1, as follows: $2,500 in
cipal and interest payable in Can-: 1946; $3,000 from 1947 to 1950
dor.
Bidders are requested to incl. and $4,000 in 1951 and 1952.
may
the
the interest rate
name
one
rate
rates, in
or
Ohio
Each bid
for
part
Income
of
(State of)
From
$15,000,009
bonds
and
.
Authority,
Over
Food
Sales
Estimates
Tax
—
units
has
Butler
B.
been
re¬
Chairman and Mary E.
as
Simkhovitch
as
Vice-Chairman of
have
provided
increases
for
for'
lower
on
follows:
as
refunding bonds.
Due
Oct. 1, as follows: $19,000 in
1947
to
1951
to
tified
able
8,000
1950,
to
the
a
cer¬
$4,000,
pay¬
city.
$1,000
1951.
in
$20,000
Enclose
for
improvement
park
Due
and
1956.
check
Oct.
1,
Enclose
bonds.
1944
to
certified
a
check for $500, payable to the
city.
June 1,
Bidders
Dated
$1,000.
1943.
Denom.
bid
may
for
different rate of interest in
a
tiple of Va of 1%.
interest
payable
School
Bond
Sale—J.
of Cincinnati
District
:
Ohio
;
according to report,
pounded by W. S.
was soon ex¬
Evatt,
Ohio
White & Co. Tax
Administrator, speaking for
successful bid-! the Governor's office.
Mr. Evatt
A.
were
ders for the $8,000 building
about
year,
2.334%
.
Seasongood
&. assuming the food impost is
Mayer, of Cincinnati, only other
bidder, offered to pay 100.285 for
mul¬
a
Principal and
office of
at the
the Sinking Fund Trustees.
Each
bid must be for each block
of
the
separately
specific
the gross
crued
be
and
must
bonds bid
state
and
upon
amount of bid and
interest.
Purchaser
prepared to take
ac¬
must
and pay
up
for said bonds not later than June
10, the
banks
the
the
at
be delivered at
to
money
of
one
office
the
in
city
or
Director
the
of
of
'
OKLAHOMA
Enid, Okla.
Bond
Sale—The
moved.
If
it
,
issue
$65,000 airport bonds offered April 30
awarded
was
C.
to
on
Edgar
Hon-
nold of Oklahoma City, whose bid
figured
city of
1.17%
net interest cost to the
a
The
1.16%.
about
Bank
Enid
of
First
bid
on
basis.
a
'
Oklahoma
re¬
is
(State of)
Gas
Tax Income
The
opinion
revenues
of
homa
the
Tax
25%—•
tax
gasoline
of
State
Okla¬
may
State
Down
that
stabilize at a level
about 25%
below receipts of a
year ago
was expressed by the
monthly
This
for
Commission
on
was
based
view
March
and
in
its
collections.
report
on
results
February.
w
March
totaled
gasoline tax collections
$1,076,390, a reduction of:
24.59%
from $1,427,458 in the cor¬
responding 1942 month. February
collections
showed
a
25.43%
re¬
duction
1942.
compared with February,
In January, the first month
in which the effect of
tioning
off
was seen,
52.96%.
gasoline ra¬
collections were
The
State
Commis¬
sion expressed the opinion at
time
that
this
was
an
that
abnormal
continued, total
income will exceed estimates by loss and reflected heavy buying
paid employees out of savings
3y4s.
from vacant positions rather than
- ■.
,•; $15,000,000, he said. Allowances in November, before rationing be¬
came effective.
of civilian goods and the rubber;
by creating new debts or increas¬
Columbus, Ohio
In the period from July 1 to
ing taxes.
None of these sound
Additional
Information
City situation improved the revenue
March 31, the first nine months
methods is involved in this bill,; Clerk
prospects for Ohio and there was
Helen
T.
Howard
now
of its current fiscal year, the State
he said.
;
states that the $250,000 current no need for deep pessimism, Mr.
realized gasoline tax collections
Under questioning
revenue
notes sold to the Ohio' Evatt said.
Rochester, N. Y.
of $13,129,155, which was 18.33%
Co. of Columbus, at 1 %, plus a from ^members of the Taxation
less than the $16,076,341 obtained
Bond Sale—The $3,000,000 cou¬
premium of $200—v. 157, p. 1230 Committee, he conceded revenues
in the preceding nine months.
pon or registered bonds offered
—are dated
March 22, 1943, and had been underestimated. He said
Sales tax collections for March
May 4, full details of which ap¬ mature on or before six months the best economists did not an¬
rose
27.31%
to $1,248,599
from
peared in v. 157, p. 1611—were from date of issue.
% ticipate a sharp depression imme¬
awarded to a syndicate composed
$980,732, and for the nine-month
diately after the war is over.
period of the fiscal year they ad¬
of the Harris Trust & Savings
Logan County (P. O.
vanced 11.88% to $11,160,972 from
Toledo, Ohio
Beliefontaine), Ohio
Bank,
Chicago,
First
National
Bond
Bonded Debt
of County and
Offering — Rudy
Klein, $9,975,722.
Bank of New York, Lazard Freres
Commenting on this
Units
Cut
& Co., New York, Northern Trust Local
$100,000—The City Auditor, will receive sealed trend, the Commission said:
bids until noon on May 18 for the
"Consumer
Co.,
purchasing power
Chicago,
Mercantile-Com¬ bonded debt of Logan County,
..
4
,
,,
—
jthe
Authority.
Their
year. The other
.Authority members are the Very
,Rev. Monsignor E. Roberts Moore,
Housing
terms
run
William
for
one
Wilson
.'Crosswaith.
and
All
Frank
members
R.
at¬
tended the annual meeting at the
Authority's
offices,
Forty-second Street,
;City.
New York
Eastern
122
East
New
York
{State of)
Section
Seen
As
Steel
Center—Possibility of the devel¬
of
opment
the
east-central
tion of New York State
as
a
sec¬
steel
producing center using iron
mined
is
in
the Adirondack
pointed out in
mineral
resources
a
report
of
New
merce
Bank
&
Trust
Parsons &
Co.,
St.
Co, and
ores
region,
on
*
Louis, Graham,
the
York,
R.
L.
York,
Day
&
Co.,
Boatmen's
both
of New
National
Bank
of St. Louis and William R; Comp-
■
A
of the bill to provide needed sal-: offered
local
bonds,
coupon
National
bonds was quoted in the local press as
April 30, taking the issue( saying that revenues from * the
2V2S, at par plus a premium of' sales tax were running ahead of
i ary increases," the Governor de¬
clared that the State and many $89, equal to 101.11, a basis .of estimates by $10,000,000 a
Officers —Ed-
Two
Jte-Elects
mond
Rural
(P. O. Batesville),
the security of
of thousands of public
emergency
elected
Beaver
and
employees." Saying he was "deep¬
ly sympathetic with the purpose
noon
$196,000
Interest
local
of
an¬
Walter
—
Finance.
as
balances from 7 to 4%.
New York City Housing
TV. Y.
as¬
unpaid
on
hundreds
time
local improvement
units
12,000
government
,
measure
for paying
nances
the
Treasury, v
Mitchell, Director of Finance,
.
carry
to
payable
The
Dated April 1, 1943.
•
.
the
was originally,
May 11).
for
a
of
Youngstown, Ohio
bonds
,
,
interest
Premiums
•
-
(having; the earliest bill to
sought by "only two or three;
repeal the State sales tax
proved recently by the Board of
maturities), and another rate for on food was
Estimate.
cities," but would nevertheless
■
given first hearing
the balance, but no bid may name
"stand as a continuing invitation
on April 29 by the Taxation Com¬
Former U. S. Senator William
more
than two rates, and each
to our 12,000 units of local gov¬
mittee of the House of Repre¬
M. Calder, Sumner A. Sirtl, Gen¬
bidder must specify in his bid the
sentatives and, in reporting this
eral Secretary of the Allied Tax-' ernment to borrow for current
amount
of bdnds
of each rate.
This practice," he con¬
action, press dispatches from Co¬
payers Defense, Inc., and lVIunici-i expenses.
The approving opinion of Masslumbus contained in the Cincin¬
pal Justice Harold McLaughlin, tinued, "would inevitably over¬
lich & Mitchell, of New York, will
nati "Enquirer" of April 30, stated
President
of
the
Marine
Park load the tax base of every com-;
be furnished the purchaser.
En¬ that "surface
indications do not
.Civic
Association,
appeared
in munity and lead into the spiral
close a certified check for $120,
which ends only in bankruptcy."
forecast favorable action" on the
support of the measure.
payable to the State Treasurer.
"This bill will grant relief to Continuing, he said:
repealer
"as
known
opponents
"I cannot approve a bill which
continued in opposition
thousands of small home owners
and no
OHIO
1
converts were shown."
and make it easier for them to would
The bill,
permit wrecking the fi¬
was
sale
Bond
157,
$22,500
delinquent ' tax
A-O. Denom. $500. Due> bonds offered the same day were
$500 April 1, 1946 to 1957. Regis-f purchased. by ! Stranahan, Harris
terable as to principal alone; gen¬ & Co., Inc., Toledo, as 2s, at a
eral
obligations; unlimited tax; price of 100.808, a basis of about
water bonds.
name
issue
re¬
these columns—v.
New
NORTH
nouncing
the
veto,
Governor:
multiples of Va of 1%.
Dewey stated that the authority]
to
for,
1%
.
Sal -;
Local
in
previously
$14,161 bonds offered by the
Bank of New York, 0.52%, plus city on April 28.
The bond house
$27.75; Goldman, Sachs & Co., purchased
the
$5,661
defense
$350,000 at 0.496% and $1,500,000; building bonds at par plus a pre¬
at 0.529%: R. W. Pressprich & Co.,
mium of $1.85 and the $8,500 park
$350,000
0.52%
and
$1,500,000 playground bonds at par and a
0.54%, plus $11; Bankers Trust premium of $2.85. Following other
Co. of New York, 0.55%.
The of¬ bids were submitted for the bonds
fering consisted of $350,000 tax to bear llk% interest:
'
$5,661 $8,500
anticipation notes of 1942, due
tax, District Tax Super-!
Henry
Seilheimer
em¬
phasized.
these: Lincoln National
were
(This
nounced
the
City
bill
a
bid
for
Commissioner of the
000 3%
of
the
a
Enclose
owner.
check
amound
receive
P.
of
of
May 21 for the purchase of $204,-
0.49%, plus a pre¬
Other bids included
mium of $24.
visor
April 15 from
1953 incl.
Among other
and due
year,
direction
whose
of the
request
certified
reduced to $199,-
were
bidder
$19,000 bldg.
May 4—v. 157, p.'
"It
applies to both male and
Bond Offering—W. E. Easter,1514—were awarded to Halsey, female members of the Army,?
ling, Secretary of Local Govern¬
Stuart & Co., New York, as 1.20s,,
Navy, Marines and Coast Guard,"i ment Commission, will receive
•at a price of 100.207, a basis of Mr. Seilheimer declared.
bids at his office in Ra¬
p sealed
about
1.158%.
Dated April 15,
leigh until 11 a.m. (EWT) on May
1943,
$202,203.27.
$211,740 during the
the report stated.
offered
bonds
from
The city school in Bellefontaine
the
opinion as
to the legality of the bonds may
be procured by the purchaser at
his expense.
Said bonds may be
exchanged for bonds registered as
to principal and interest at the
the following: A. G. Becker & Co.; p. 1611—Seasongood & Mayer ol
and C. F. Childs & Co., jointly, Cincinnati were awarded, as UAs,
income
j
Sale—The
Bond
under
869 from
Feb. 7, 1944, and $1,500,000 tax
signed recently by!
$l,-j
anticipation notes of 1943, due
760, payable to the Town.
! Governor Dewey, the military
pay
of members of the armed: May 5, 1944. All of the notes are
New
Hartford
and
Whitestown
dated May 5, 1943.
forces is exempt from the State'
v
Co., New York.
All pro¬
ceedings incident to the proper
attorney
interest rate of
—Under
check for
(P. O. New York Mills), N. Y.
poor-
Catherwood
taxable
certified
with
Mountains.
by,
"The
study of the iron ore
private holders from bonds of the
possibilities
of the
Adirondack
same type and character shall be
a
it,
-
Co., New York, was suc¬
for the $1,850,000
notes offered May 3, naming an
cessful
Principal and interest
payable at the Chemical Bank &
bond
tion
& Trust
of
Bonds to
purchaser at
Toledo.
taken
syndicate;
Note Sale—The Chemical Bank
is from the
the
to
taxes, totals $165,026.27, a reduc¬
New York and
Pennsylvania
rapidly expand¬
ing iron mines in the Adirondack
it
delivered
relief notes retireable from excise
Mountains," Commissioner M.
the bonds the income received
Enclose
and
.
from
be
authorization of this issue will be
issue
found in the
are
different rate of interest in
a
multiples of Va of 1%.
District
-
,
for
Trust
headed
by
Lehman
Bros,
and awes. $103,000, a slash of $14,000
Phelps, Fenn & Co., Inc.
Other from a year ago, and the village
bids (for Is): Chemical Bank & and rural schools owe $277,667.50,
Trust
Co.,
New
York, . group, as compared with $311,494.43 a
100.039; Chase National Bank of year ago..
operation
for the
necessary
about
as
the
In
amount.
or
is
limitation
without
thereon
terest
,
now
sinking funds.
or
provements
levy of ad valorem
pay said bonds and in¬
the
to
occurs
of blast furnaces
No.
ject
at
ago was $991,$897,888.77, and
year
Various villages of the county
Associates, ,100.219;
Halsey, Stuart & Co., Inc., 100.149; owe mortgage revenues, special
same
locality, it is necessary to National City Bank of New York, assessment and general obligations
select a point midway between! 100.119; Harriman Ripley & Co., on water works, sewage disposal
the two.
Inc., 100.062.
; v
s plants and sewage systems. Mort¬
f The report emphasizes that the
gage revenue bonds on such im¬
Syracuse, N. Y.
east-central section of New York
ligations of the Town, payable in
the first instance from a levy
upon
and
iron
closely to the raw materials be¬
cause
of the great reduction in
weight in the processing.
Since
City.
The bonds will
legally binding ob¬
York
valid
bonds
become "an
a
The- county's principal debt is
the Indian Lake Sanitary Sewer
re-offered
the
to yield from
group
debt
addition there is $69,526.77 as
balance in various bond retire¬
ment
The successful
1949 incl.
banking
industry which tends to be drawn
exchange or at
Midland Trust Co.,
Marine
the
New
1944 to
a
therefore
and
of
facture
York
New
May 15, 1943, and ma¬
serially on May 15 from
ture
sec¬
in
dated
are
.
Principal and interest payable at
the Union Trust Co. of Rochester
with
273.70, it is
Co., Inc., New York, as 0.90s,
price of 100.0721, a basis of
about 0.874%.
All of the bonds
a
prices
logical 0.40% to 0.95%, according to ma¬
location" for the steel industry., turity.
V
Second high bid of 100.07 for
Dr. Otte explains that the manu¬
economical
bid
must be for all of gaid bonds and
state
east-central
that the
reveals
Denomina¬
$1,000 and $500. Rate of Va
1, 1943.
the
at
Municipal Law, as amended, published recently by the State
of paying the Division of Commerce.
The report, made by Dr. Her¬
cost
of
constructing lateral
sewers
in the District, the man F. Otte, professor of eco¬
nomic
geography,
School
of
period of probable usefulness
of which is 20 years.
Business,
Columbia
University,
for the purpose
Monday, May 10, 1943
along with its schools and its vil-i purchase of $686,614 3%> coupon
Interest M-N.
lages was reduced almost $100,000; refunding , bonds.
during the past year,
County Dated July 1, 1943. Denom. $1,000,
one for $614.
Auditor Francis D. Longbrake's
Due Nov. 1, as fol¬
annual debt statement showed.
;' lows:, $56,614 in 1945, and $70,000
in 1946 to 1954.
Bidders may bid
The report stated that whereas
continued
homa
to
after
increase
it
had
in
Okla¬
begun to
cline in. many other States,
cause
of the
in this State.
lag in
war
de¬
be¬
activities
This, together with
higher prices, is reflected in in-
^Volume 157
creased
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
- tax
collections. Fidelity-Philadelphia j Trust • Co/
scarcity of goods Philadelphia, will receive offers
may be reflected in until noon (EWT) on May 19 of
lower sales tax revenues in the 3V2%
gas revenue trust-certifi¬
months to come."
cates, due May 1, 1957, at a price
y./L
•
not exceeding 103% and accrued
In the nine-month period of the
fiscal
year,
total State receipts interest. H. W. Latimer, Assistant
amounted to $53,014,228, compared Secretary, reports that the insti¬
with $56,110,919 in the preceding tution
has
a
credit
balance
of
nine months, d reduction of 5.52%. $509,298.82 in the sinking fund ac¬
count which is applicable toward
Stillwater, Okla.
the purchase of certificates. Ten¬
Price Paid—The Bank of Still¬
ders must specify the numbers of
water paid a price of par in pur¬
said trust certificates offered. ' 0
chasing the issue of $125,000 1 lA %
City Funded Debt Cut 21%—
airport bonds reported sold in v.
The City of Philadelphia, which
157, p. 1515.
recently extended to Oct. 30,1943,
.he bond exchange contract with
OREGON
nationwide;
banking
group
Marion County (P. O. Salem),
Headed by Drexel & Co., Phila¬
Ore.
delphia, and Lehman Bros., New
'•Bonds
Purchased
Atkinsonfork, has reduced its net funded
Jones & Co. of Portland recently
debt
by more than $95,000,000
purchased from the county in¬
during the past ten years.
The
vestment
fund
the
following
present total is today smaller than
bonds:
it has been at any time since 1927,
$64,000 2 \'z % School District No. Edgar W. Baird, Jr., City Treas¬
sales
•
Subsequently,
and rationing
.
•
a
—
(Silverton), at
4
w
•
105.55.
a price
from f 1944
Due
of
urer,
to
oefore
.1952 incl.
110.02.
from
Due
1944
to
In
Former
Senator
State
McClure and
C.
J.
extension
with
of
the
re¬
agreement,
; mentioned
was
announced that
more
than $41,000,000 bonds had
ilready been exchanged. '
;
funding
it
.\bove,
Purdy
Judge Samuel
back to the Ches¬
by
E. Shull to pay
cident
Sale-
John
William
ordered
were
"Illegal
Of
Works
Water
Phila¬
funding or extension of tile city's
abligations, he declared.
Coin¬
Municipal Authority, Pa.
Profit"
of
1
during a period of great financial
Hardships and without forced re¬
PENNSYLVANIA
Repayment
Club
Bond
Further reductions in
axcess of $30,000,000 will be made
during 1944-1946 incl., he stated,
adding that the debt reduction
to date was accomplished largely
1950 incl.
Orders
the
delphia,
34,000 3 V4% School District No.
34
(Salem), at a price of
Chester
stated May 6 in an address
ter
Municipal Authority $250,000,
the; judge said was "un¬
justifiable and illegal" profit in
Philadelphia School District, Pa.
which
the
sale
works in
yy
The
the
of
company
the
from
was
Federal
awarded
pur¬
Water
said that McClure, "being
in the position of political leader
or
boss of the City of Chester,"
enjoyed the confidence of the
Mayor and Councilmen and "was
under
the
legal and equitable
duty of making full disclosure of
his
knowledge of the price at
payer,
common
was
stock could be
his failure to do
so
fraud."
a
„
'
Dunmore, Pa.
:
v
Sold—An
Certificates
certificates of indebt¬
recently purchased by
$85,000 .4%
edness
of
issue
•
was
follows;
as
$5,-
f
Dated May 5, 1943.
De¬
nomination $85,000.
Due Dec. 1,
1943.
Principal and interest pay¬
able
the
at
Bank
Tradesmen's National
Philadelphia.
provid¬
ing funds to pay current ex¬
penses in anticipation of taxes to
be collected during the fiscal year
&
Trust
Co.,
Issued for the purpose of
1943.
/
Route
27
intosh
awarded
National
IV2S,
issue of
at
a
to
the Fort Mc¬
of
Bank
price
of
basis of about 1.47%.
;
$13,-
bonds offered April
funding
was
as
(P. O. City
13, Beaver Falls), Pa.
Sale—The
y,y.: Bond
000
Township
Beaver,
100.21,
a
f'
'
.
inter alia, that the bonds
are valid and binding obligations
of the Township, payable as to
state,
both
ad
all
principal and interest from
valorem
taxes
taxable
the
levied
upon
therein
prescribed
by law.
The sale of these bonds
is. subject tb the approval of the
proceedings by the Department of
within
the
Internal
tax
property
limits
Affairs.
Philadelphia, Pa.
Funds
Of
Gas
rate
Available
\
For Purchase
Certificates—The Corpo¬
Trust
Department
of
the
of the issue.
ing Bond Act of 1941, Chapter
492, Acts Forty-Seventh Legislature, is unneeded and should be
repealed.
Pittsburgh,
',
f
peared in the "Chronicle" of April
29,
Pa.
Debt Position Sharply Bettered
improvement in the
of Pittsburgh,
Pa., over the three-year period
1940, 1941 and 1942, is seen in a
statement recently issued by the
Western Pennsylvania branch of
the Pennsylvania Economy League.
structure
;
•.
,
1585.)
011 page
Bonds Purchased
tion
with
He said the Refund¬
the call
In
—
for
No. 7, Texas
connec¬
tenders
Bonds Purchased
on
tion with the
April 29 of refunding bonds, se¬
ries A, B or C, and funding bonds,
May
—
In
call for
connec¬
tenders
011
of
4
refunding bonds, the
County Auditor reports that $10,-
all
dated May 1, 1935, maturing
May 1, 195.0, T. R. Preston, Chair¬
of
man
.
Hidalgo County Road District
000 were purchased at a price of
Sinking Fund Com¬ 85 and $5,000 at 87.
■
■
■
During the period mentioned, the missioners, reports that the Sink¬
Pecos County School District No. 7
report disclosed, total revenues of ing Fund purchased $37,000 bonds
(P. O. Buenavista), Texas
the city
aggregated $71,663,966, 011 a "slightly less than 1 (2 % cost
while operating and debt service basis.
[I- Bonds Voted—At a recent elec¬
tion the voters authorized an is¬
charges amounted to $71,487,661,
Jonesboro, Tenn.
sue of $17,500 not to exceed
indicating balanced budgets for
3%
Bond Call—C. H. Haire, Town interest construction bonds.
each year plus a surplus of $176,305.
In addition, the funded and Recorder, announces the call for
Smith County (P. O. Tyler), Texas
payment on June 1, 1943, at par
floating
indebtedness
was
re¬
Bond Sale—An issue of $12,000
duced in the amount of $7,507,- and accrued interest, of $16,000
338 and the present total of $56,- refunding bonds,
Nos. 48 to 63 %\k% road refunding bonds was
recently
by
W.
A.
Dated Dec. 1, 1936.
262,231 is described as the lowest incl.
Said purchased
Dated April
since 1,926, "the year when the bonds will be redeemed at the Jackson of Dallas.
Legality approved by
bity's building boom began."
Banking & Trust Co., of Jones¬ 10, 1943.
i; The report cites that this year boro, on presentation and sur¬ John D. McCall of Dallas.
•
'
the
'
-
the
city has sold no bonds but
has appropriated $4,290,000 to the
Sinking fund for retirement of
bonds.
If
year
a
edness
bonds
render of the bonds with
no
of nearly
f:
No reference is made in the
port to the ordinance
re¬
before
now
Council's Finance Committee
au¬
FPIIA
Lieu
funding
To
Debt
Approve
States
Pay
$16,500,000
Of Local Taxes—More
tax treasuries in
Re¬
1943
Sena¬
Legislation—State
taxes
nanced
In
than
lieu of 1942 and
Government-fi¬
on
housing projects, the
Federal Public Housing Author-:
ity recently estimated.
W. C. Graves of Dallas stated
tor
To
$16,500,000 will be paid into local
T exas
Refuses
-
UNITED STATES
County (P. O. Dallas),
$12,000,000 since
1939 would be recorded, according
to the report.
«
un¬
United
Dallas
<
V
TEXAS
sold this
were
all
matured coupons attached.
total reduction in indebt¬
ion April 27 that he would refuse
to vote favorably on House Bill
701 which would repeal existing
law requiring county
voters to
pass
011
refunding bond issues.
The
bill
passed in the House
would permit the County Com¬
war
.
thorizing
the
sale
worth of bonds.
becomes
law
tirement
for
but to
of
$1,500,000
If the ordinance
the
this
total
bond
year
would
re¬
be
$2,790,000.
The League report credits the
city administration with savings
of-
of
composed
charge of 13/16 of
a
.
Chattanooga, Tenn.
j
—Consistent
financial
to
up
on
$500,000
in
interest
bond fund balances,
.
cate
missioners to act
tion
in
"I
the
on
Some
ment
for
.
governments, and
will be paid in the
future—making a total of
$3,540,000 which will be paid in
lieu
any
■
more
near
its own voli¬
bill
that deprives the people of the
right to. vote on refunding bond
vote
not
local
to
$776,000
matter.
shall
$2,774,000
already riias
paid or approved for pay¬
been
of
1942
taxes
The
alone.
larger, amount,, approximately
$13,000,000,
estimated
for
1943,
is
taxes
because
of the great in¬
publicly financed con¬
in
crease
struction under the National Hous¬
Agency's
ing
gram.
will
war
Some
made
be
of
housing
pro-;
these
payments
early in 1944.
UNITED STATES
.
Y,
••
'}.fv.A
:•
United
*
-
Y.
■
States
,
incl.
\
of the $5,000,000 bonds
All
dated
the
bidding,
stance
ing
offers
in
each
terest at
a
a
1V2 %.
Associated
Co.,; Inc., in the bid were:
&
Co., Inc., A. Webster
Dougherty & Co., Stone & Web¬
ster and Blodget, Inc., Goldman,
Sachs & Co., E. H. Rollins & Sons,
Blair
.
Dillon &
Gibbons
&
Co.,
Geo.
B.
First of
Michigan Corp., Illinois Co., Chi¬
cago, Kebbon, McCormick & Co.,
McDonald-Coolidge & Co., Moore,
Leonard & Lynch, Walter Stokes
Co.,
Inc.,
overdraft; in its general fund that
is
being carried by the county de-
j
be
of
award
'
1
May
.
12
May 12
on
1943,
2,
the
on
and
respective
of
of the
maturity.
sold
June
the
name
the
issue
»
bor¬
and
The issues to
all dated
are
those
up
26th will be
for
dated
June 16, 1943.
Sale Date
Hartford, Conn.
—_ ~4,230,000
SOUTH DAKOTA
Kern County, Cal.____-_._-——:——
408.000
King County, Wash.
—
170,000
f
Gregory Independent School
:
Scranton, Pa.
______
—500,000
District, S. Dak.
310.000
;
Bond Sale—Kalman & Co. of Shreveport, La. ______—____—________
—
666,000
St. Paul, and J. M. Dain & Co., Superior, Wis.
—
340,000
Minneapolis, jointly, were award¬ Upland, Cal.
——
2,028,000
ed
the $80,000 refunding bonds Wilmington, Del.
offered May 3, on a bid of par, a
8-22-1944
League has main¬
Allentown,
for good
Burlington, N. J.
management and for ac¬
complished improvements in their
tion."
.
Pa.
Augusta, Ga.
Bethlehem,
—
—
Pa.
_____—
——_________
Ark.
Conway,
Erie,
,
Pa.
—______ —
________
5-17-1944
6-7-1944
5-17-1944
2-17-19448-1-1944'
5-17-1944
2-24-1944
_—
5-17-1944
•
8-1-1944"
5-17-1944
6-7-1944
___——
net
interest
cost
basis
of
about
TENNESSEE
Stranahan, Harris & Co.,
Eldredge
& Co.,
Charles
Athens, Tenn.
Clark
& Co., Singer,
Bond Call—The Board of Pub¬
Deane &
Scribner, C. C. Collings & Co., lic Utilities of the above city is
Harvey. Fisk & Sons, and Camp¬ calling - on June 1, 1943, $20,000
bell, Phelph & Co., jointly.
electric
system revenue bonds,
The bonds which will
No
Bids Received For Entire Series A.
Loan—No bids had been received be called and numbers, are 391
Co.,
Inc.,
date
on
amount
rower,
Municipality
for
Total
The call
by the district at the hour set for through 410 inclusive.
omening of offers on April 30. price of each bond shall be at par
The invitation, stipulating
bids plus accrued interest to the date
Lubbock,
Tex.
May 26
Sale Date
Maturi+V
——
Cal
_________
———————
™'nnn
.
Moline, 111.
Ijo'nnn
578.000
™,000
Montgomery County, Pa.
Orleans, La.
Philadelphia,
Total
______
—
nnn
Pa.
Ala.
Tuckahoe, N. Y.
Woonsocket, R. L
Tarrant,
5-17-1944
2-24-1944
6-7-1944
£2.0W
]78,000
—
907,000
New
8-22-1944
$395,000
350,000
751,000
Middletown, Conn.
Norfolk, Va.
5-17-1944-
$12,364,000
—
—
2.56%, for the bonds, divided as
follows: For $27,000 maturing $3,- I
Municipality
Co., Glover & MacGregor, and 000 Jan. 1, 1945 to 1953, as. 2s, and Beaver County, Pa
William R. Compton^ & Co., Inc.
$53,000 maturing Jan. 1, $3,000 in Brownwood, Tex.
The Lehman
Bros, group in¬ 1954 to 1956, $4,000 in 1957 to Contra Costa County,
cluded Phelps, Fenn & Co., Kid¬ 1959, $8,000 in 1960 and 1961, and Fairfield, Ala,
der, Peabody & Co., Hemphill, $10,000 in 1962 and 1963, as 2%s. Fayette County, Pa.
Noyes & Co., B. J. Van Ingen &
giving
5-17-1944
The
a dministra
&
policy
considerable
sold
be
to
dates
336,000
1,014,000
428,000
192,000
1,252.000
asso¬
Halsey, Stuart
usual
a
a
housing authorities are asking for
bids on note issues aggregating
$21,610,000, to be sold on May 12
and May 26.
In the following
tabulation, we show the issues
Maturity'%
price of 100.07.
with
not
has
county
Housing Authorities Offer $21,*
610,000 Notes—A total of 29 local
Amount
$490,000
Stuart & Co., Inc., New York,
offered to pay 100.086, while Leh¬
a
the
tained, however, from its earliest
days, that public officials should
be commended for sincere effort,
syndicate headed by Hal-
named
is
officials.
On this
Bros. of New York and
"It
taxpayers or taxpayers' organiza¬
tions to throw bouquets at public
im
sey,
ciates
a
League > report concludes
pat on the; back for the
administration.
;
bonds to bear in¬
rate of
The
with
are
being for the first matur¬
$3,750,000
basis,
b
1, 1943. % Two other
participated
in
the
May
syndicates
Eastman,
Principal and interest (M. & N.)
payable at John T. Reeves & Co.,
Bankers, Beaver Falls. The Town¬
ship will furnish to the purchaser
the
favorable
legal
opinion of
Burgwin, Scully & Churchill, of
Pittsburgh.
Their opinion will
.
1% interest.
be received for the entire of redemption plus a premium of
only,: at a rate of interest 4% in accordance with the pro¬
not exceeding
1 lk %, was then visions of the Bond Resolution.
changed to allow bids for parts / (Official notice of the call ap¬
bid for) due * to >
its; policy
of canceling
a syndi¬
ibond fund residues.
Harriman
"In the past," the report says, .issues," asserted Senator Graves,
"and give that power entirely to
Ripley & Co., Inc., Lazard
fbonds were sold long before jobs
:
Freres & Co., both of New
an
agency of the county.
1 be¬
were
started
and
money
was
York, Janney & Co., Philalieve it is the people's right to
needed.
When jobs were delayed
decide whether or not the bonds
„,, deiphia,
Graham, Parsons &
;t.he funds for that particular work
Co., New York, Stroud & Co., 'were held in idleness in the
they originally voted .shall be re¬
City
funded
and at
th4 terms pro¬
;■
.W. H. Newbold's Son & Co., Treasury.
When jobs cost less
E. Lowber Stokes & Co. and
'
thah "the
original * estimate the posed."
Schmidt, Poole. & Co., all of bond
Mr. Graves' statement followed
fund balances Or untouched
Philadelphia, as1V2S, at a funds were carried on the books the receipt of a letter from Pat
price of 100.02, a basis of
indefinitely—some for as long as Edwards, civil district attorney,
about 1.497%.
Due $250,000
asking him to obtain passage in
15 years."
1
'
annually on May 1 from 1944 K
the Senate of HB-701 as it passed
The report recalls that in 1920
the House at the instance of Rep¬
vo
to J959 incl.
The syndicate when the funded debt was
$37,re-offered the bonds at prices
resentative Jeff Stinson.
000,000,
bond
fund
balances
to yield from 0.50% to 1.55%,
Mr.
Edwards advised that he
amounted
to
$7,000,000 and by
according to maturity.
1928 they had increased to $14,- was
writing at the instance of
1,000,000 purchased by the School 000,000. The city is credited with
County Auditor Charles A. Tosch,
District Sinking Fund, as IV2S,
cutting these funds until now they
'and the Commissioners Court. He
at par. Due $250,000 annually amount to
only about $1,000,000,
called attention to the fact that
on
May 1 from 1960 to 1963 the lowest in 23 years,
were
man
Patterson
pository at
issue
charges
M. M. Freeman & Co. of Philadel¬
phia.
would
;
(the amount
purchased by
$4,000,000
Company of New York
for $800,000, according to court
testimony,
and
resold
to
the
Chester Municipal Authority for
$1,050,000.
f Judge Shull, ruling in an equity
suit brought-in the name of a tax¬
bought, and
of
issue
refunding bonds offered
April 30 —v. 157, p. 1413 — was
Service
which the
Sale—The
Bond
100,000
Water¬
1939, according to report,
water
chased
Chester
1703
2-17-1944
,
6-7-1944
5-17-1944
6-7-1944
5-17-1944
8-22-1944
8-1-1944
6-7-1944
6-7-1944
———
,
100,000
1,360,000
$9,246,000
6-7-1944,
6-7-1944
1704
VIRGINIA
Clerk,
and
Call
E.
—
Cundiff,
Town
that 6%
water
bonds Nos. 2 to 21, 24
announces
sewer
58, 60 to 74, and 76
to
83, aggregating
$77,000, are
called for payment on June 15,
at the Chase National Bank, New
to
49, 51 to
in
he
1942,
said,
Smith
j The figure did not
he
added,
$15,000,000
include,
Dated June 15, 1923,
$1,000.
Maturing,
subject to prior redemption, on
June 15, 1953. Interest ceases on
York
the
over
said.
Liquor tax revenues totaled $371,896.91, cigaret taxes amounted to
$298,731.75, and the malt bever¬
age tax netted $169,089.98.
The
State's general fund had a bal¬
ance of $27,815,308.73 on April 1,
month
same
Bond
March
last
increase
an
Altavista, Va,
WYOMING
bids until
(P. O.
will
Side
May in or¬
the
$12,000
Collier, City Treasurer, has
called for payment from April 15
bonds.
adopt
on
city will fur¬
nish the bonds and the approving
pro¬
a
of Denver.
to retire its floating debt in
the war period and put its finan¬
cial house in order, if it is to take
their
own
ex¬
local
said
be
is sold,
bonds
will
reduction
maturities.
any
in the longest
Enclose
check for 5%
certified
a
form part
interest
Walter
the
on
debentures which
or
of such fund.'
fiscal
"Montreal's
(Continued from first page)
mal declines in
,•/'
-1'.«
'''
-\
*
$% '<•
'
Bonds Sold—Bonds
$1,170,000
mences May 1, or the day after
tomorrow, and presumably the
Co.
both
aggregating
Graham
&
Toronto, jointly,
as
fol¬
"The bill states that it is to have
effect
L.
J.
imp't bonds at 96.00,
$687,000 3%
basis of about 3.80%.
1944 to 1953.
92.25,
i
'•
Quebec (Province of)
-
,
1954 to
"•'■-■•■•'.'J:.••:
*.
Refundings
Debt
Commission
has
An¬
Municipal
Quebec
alyzed— The
issued
just
a
bonds
at
Interest
1958.
!;> ■'
under
QUEBEC
its
alysis
payable semi-annually.
and parish
school
have
which
corporations
was
prepared
and
Maurice
by
Of
Interest
Bond
Pay¬
holders
of
city, due Dec.
15,
notifying
is
of
the
past
The
pre-
Turgeon,
a
In the first is found
series of 13 tables
information
decade without
once
having come to grips with its fi¬
nancial
problems,"
the
league
charged in a statement.
"Budgets and financial reports
consistently have been
overly-
into
divided
is
analysis
three parts.
though it doesn't;
that
giving varied
y
*
*
'
Commission.
Notice
ment—Director of Finance L. Ro-
on
danger signal has
always mean that the danger
is immediately ahead.
Fre¬
quently the markets stages a
recovery of anywhere from
60% to maybe 90% from its
low point. But seldom is such
a recovery accompanied by a
resumption of high volume.
It is on this secondary, rally
*
trusts
Investment
an-,
publicist and statistician for the
Montreal, Que. '
a
been given,
been
The
supervision.
computed
weakness,
munici¬ stayed
conditions of reorganized
pal
increases
and
rallies
on
people who have over¬
their market get an¬
other opportunity to get out.
trustees
complete anaylsis of the financial
basis of about 3.96 %.
a
in
Due
Due
-
imp't
3V2%
483,000
■
from May 1, 1943."
as
Local
in
or
two only.
lows:
a
day
a
Co.,
and
of
But when volume dries up
of this bill, and
matter of
a
off.
f,>
sjt
interval between then
this will be
said to have been
are
purchased recently by Fairclough
&
expect volume to fall
That, too, is normal.
com¬
..
bull markets
you
year
its sanction by the Governor, buti
Cliff), Ont.
v")
Whyte
Says
"The bill brought in today adds
and the passage
Scarborough Twp. (P. O. Birch
bonds
$3,500,000 at the end of last
to pay
nor
city's bonds
during the
ONTARIO
berge
value of the bonds.
of the par
Tomorrow's Markets
City will have to break the law
,
event
of its favorable posi¬
tion in the post-war period, ac¬
cording to the Municipal League.
"Seattle has 'muddled through'
over
conduct the
holders
through
Monday, May 10, 1943"
\
sinking fund for its indebt¬
edness
It is suggested that de¬
exchange.
reject any and all bids. In the
that less than $70,000 of
to
advantage
the
and
in the
treal, Portage la Prairie, Man., for the fiscal year of 1943-44.
Myles P. Tallmadge,
The right is reserved
of
opinion
gram
The
tax.
valorem
City To Retire Floating
Debt—The City Government im¬
should
held
payable at the City Treas¬
urer's office.
The bonds are pay¬
able
from
an
unlimited
ad
Urges
mediately
au¬
terest
April 27 various local improve¬
district
matured
both
coupons,
Principal and in¬
crued interest.
L.
to
bonds
election
the
at
in
$10,000
the
are
April 20, by a vote of 580 to 29.
No bid for less than par and ac¬
Improvement Bonds Called—H.
ment
and
1950,
in
These
1953.
,,
.
Dated
bonds.
House
Fire
thorized
Wash.
sealed
1, 1943.
Interest J-D.
Denom. $1,000.
Due June 1, as fol¬
lows: $24,000 in
1948 and 1949,
technicality.)
Seattle,
est
obliged to pay any sum of money
unmatured * to the Bank of Mon¬
May 24 for
on
June
school
$7,000
a.m.
purchase of $70,000 not to ex¬
ceed 3%
interest coupon South
bonds,
(This issue was authorized last
year but was not sold due to a
of
issuance
receive
will
10
the
Colville), Wash.
der to resubmit to the voters
unpaid inter¬
Offering—J. K. Stoddard,
Clerk,
City
WASHINGTON;
be held some time in
tures together with
bankers.
Bond
Bond Election—An election
deben¬
their
forward
to
requesting
is
Cheyenne, Wyo.
date called.
Kettle Falls Sch. Dist.
holders
City Treas¬
Burns
H.
change
denomination
•
of the plan.
W.
benture
worth of Government bonds.
City.
visions
urer
*
& FINANCIAL CHRONICLE <
THE COMMERCIAL
•
are
us¬
ually the largest sellers on
this secondary strength. The
public is not. It has bought
stocks at top prices or close
to top prices and, having sat
through a loss, they finally
back
stocks
their
see
al¬
to
their
original buying
1942, that semi-annual interest
CANADA
ized and non reorganized corpora¬
points.
So no matter how
on
these bonds will be paid on
tions.
The second part gives a
pessimistic they may have
Canada (Dominion of)
June
15, 1943.
Transfer books
brief analysis for each of the re¬ been when
they had paper
Treasury Bills Sold—A $55,000,- will be closed from May -15 to
organized; corporations, covering losses of, say, 10 points, a loss
000
issue of Treasury bills was June 15, inclusive.
complicated and confused in pre¬ sold
the date on which they defaulted, of
recently at an average yield
only one point, or perhaps;
Suspension Of Sinking
Fund
sentation and, despite a $3,000,000
of 0.496%.
Dated April 2, 1943.
date of reorganization, terms of a
profit of one point, makes
funding program in 1939, the city
Payments Continued—The Mon¬
Due on July 2, 1943.
the new bond issue as required them
has permitted itself to accumu¬
put on rose-colored
Another $55,000,000 issue was treal "Gazette" of April 30 stated
late a deficit which again totaled
by the reorganization, and, in a glasses again.
sold subsequently at an average in part as follows:
;
regarding
:
reorgan¬
most
,
Seattle
estimates
exact
of
amount
is
not
are
coming to
available, it
yet
tered
Oct.
probable that the total will fall
operations,
of
to wipe out any
faces
'unknown
an
the
half
last
pending
Alberta
of the year, de¬
now
is
Low
necessitates
officials
terest
matured Nov.
which
in
3%
rate of
on
Beckley),
O.
of
Va.
Bond
Issue
chase of
Bank
of
Debentures
should
be
bonds to finance
airport site.
ship
pur¬
certificates required by the
Dominion
case
usual owner¬
Government
as
in
of coupons.
To Issue Refunding
tion
on
taking ac¬
Sets
resolution
providing for
$80,000
refunding
a
Date
the city are
accordance
Wisconsin
Gasoline
(State of)
Revenues
Tax
Sharply—Wisconsin
Dip
the
gasoline
$3,415,537.51,
pared to $4,886,827.41 for the
responding period last
Treasurer
nounced
and
liquor
M.
John
April
tax
19.
year,
Smith
Beer,
revenues
ond
Exchange
Of
debentures of
being advised that in
with
the
Municipal and
plan of ad¬
Public Utility
Board of Manitoba has fixed May
15,
cor¬
State
•
an-
j
cigaretj
showed'
1943,
the
com¬
old
will be
as
the date upon which
debentures
and
coupons
exchangeable for the new
debentures,
settlements
coupons
to
another
for
bill suspending
a
Monreal to pay into
sinking fund and also to re¬
of
the
sinking
bill
Hon.
Oscar
ister of Municipal
the
to
explained
and
it
first
had
Godbout
to consent
Opposition
suspension of the rules.
"Mr.
cash
pursuant to the pro¬
settled, and also the
the
sinking
is
"The
did
said:
fund,
in¬
'This
part of the question of
city's refunding operations of
its debt
now
would
under
study.'
specifically
be
legislation
state
there
for refund¬
ing, though his words
were
the work
The third part of
the
of
not
corporations
appear
of
the
the
Municipal
set-up this clause was put in the
bill:
'For the fiscal years
1942-43,
the
city
appendix, is
indebtedness
shall
have
Should the market
continue its
and manage
old
highs
creeping advance
to penetrate its
the
assumption
must be that the bull market
is
not
over.
the burden of
market itself.
is
action
either
encouraging.
is you can
reason
judge for yourself or
wait until
you
But obviously
proof is on the
Right now its
not
What the
analysis
an
of
There is another side to the
picture.
developments give
the answer.
corpora¬
*
*
*
'
tions reorganized in virtue of the
act
respecting
tween
municipal
or
school
cor¬
vised Statutes of the Province of
The analysis does not take into
debt
of
the
City of
St. Colombe de
Bonds Sold—A
Sillery, Que.
tries to.
I
the
if
am
well
market
aware
does
go
its highs and you
want
to
buy them back,
you'll have to pay more for
them. But you have to regard
through
that
$45,500 issue of
with
general;
It anticipates it,
knowledge.
or
is
however,
market,
concerned
not
that
Quebec, 1941, Chapter 208).
account the
The
be¬
agreements
porations and their creditors (Re¬
insurance.
as
•
There
is
road to stock market
3 Vz %
semi
ann.
improvement profits.
A• stock market ac¬
bonds is said to have been pur¬ quaintance once told me that
chased recently by J. E. Laflamme,
only those who are agreeable
Ltd., of Quebec, at a price of make money in the market.
When people want your stock
99.03.,
be agreeable and sell it to
St. Lambert Roman Catholic Sch.
them.
That is the only time
Dist. (P. O. St. Lambert), Que.
Bonds Sold—It is reported that you can get a price. 1 no
easy
-
1940-41,
not
be
*
*
bonds
semi-ann.
4%
$213,500
were
Montreal
at
Anglo-Francais
a
price
basis of about 4.05%.
of
*
school
So, until the market shows
purchased recently by
Credit
of
99.51,
a
Due in 1944
better than it
has,
my advice
profits until
better opportunities occur.
is
to
hold your
1968.
to
St.
Montreal
which
to
1940, when the Legislature
altered
ful¬
yet been reorganized.
as
In the
indicate the idea.
"In
engagements of
reorganized corporations
the
Minister, it is to be noted,
not
man¬
1'
*
*
*
,
Bouchard, speaking of the
the
old bonds,
name
Affairs, but in
Lands,
Premier
asked
the
old promissory notes
filled.
Drouin, Min¬
Hon, T. D. Bouchard,
of
in¬
Montreal.
the
in
stands
the
his absence
which
or
in which the
ner
constitute
in the fund.
"The
,
fund,
fact,
in
now
Minister
city's
the whole of the 47
practically
millions
the
on
the
in
now
obligation
the
interest
which,
and,
of
city
paying
bonds
of
obligation
the
year
of the City of
lieve
actual
the
corporations, the
gives information relative to each
reading to
matter
Man.
justment of the debts of the city,
tax
receipts for the first three months
of 1943 totalled
For
Bonds—Holders of
|
issue of
bonds, third series.
an
15
interested,
of
of
in
annuities
sembly today gave first and sec¬
to
Portage la Prairie,
Bonds—The
of Aldermen is
April
further year's delay in paying
MANITOBA
Wis.
that registers
from
closed
May 15,
consent, the Legislative As¬
mous
the
WISCONSIN
Board
be
after
companied by the
an
Merrill,
will
stated
is
on
ac¬
The
—
county is considering an issue of
$150,000
Imperial
Canada, in the Dominion of Can¬
ada.
Proposed
the
It
1943.
check
parties
nature
manner
these bonds
on
other
debtedness
were
will be paid by
presentation of their de¬
payment of interest, at any
branch
W.
$1,000 and $500 denomir
Holders will be paid in¬
bentures, for notation thereon of
VIRGINIA
(P.
half year
$15 and $7.50, respectively,
nation.
such
County
1,
pay
1936, at
1,
the
respect of
for each
support of taxpayers.
Raleigh
Nov.
will
ending May 1, 1943, being at the
requiring intelligent
WEST
1940, are being notified that
15,
semi-ann. interest
its
lance against
and
de¬
of debentures
to holders
interest
situation
of
holders
1936, that the province
vigi¬
non-essential spend¬
ing, the league said.
Any new
revenue
program
should
be
planned "so that the citizens of
this fast-growing community will
share the burden equally."
The league sees the problem as
one
to test the mettle of public
The
E.
Solon
matured
which
May
"Suspending the rules by unani¬
Payment—
Treasurer
advising
bentures
in
progress."
Holders of city bonds, due on
(Province of)
Interest
Of
Notice
Provincial
Scheduled—
Payment
information
enlightenment of taxpay¬
and
the
on
Interest
May 15, incl.
ALBERTA
quantity'
negotiations
on
Due Oct. 19, 1943.
0.75% interest.
the costs of garbage collection
for
recently
Government
sold $80,000,000 of deposit certifi¬
cates to the chartered banks at
indebtedness,"
the league statement
continued.
"Already in 1943 the city has had
to appropriate $127,000 for civil¬
ian defense, has before it numer¬
ous
requests for wage increases,
in
Sold—The
Certificates
Dominion
portion
the outstanding
and
12, 1943.
Deposit
and it is certain that this aid will
serve
recently to the char¬
banks at 0.75%.
Due on
all
manner,
the
ers
Montreal, Que.)
sold
was
aid
State
for
QUEBEC
of
issue
certificates
deposit
$150,000,000
the
on
short of balancing 1943
not
Sold—An
Certificates
ations.
"While
general
yield of 0.498%.
Dated April 16,
1943.
Due on July 16, 1943.
having been increased sub¬
stantially as a result of 1942 oper¬
year,
Bonds
More next
Pierre, Que.
Sold—A $95,000
4% semi-ann. improvement bonds
\The
article
was
sold recently
ing
to
1973.
report.
'•
at par, accord¬
Due
in
1944
to
.
Thursday.
—Walter
issue of
views
do
not
Whyte
expressed
in
this
necessarily at any
time coincide with those of the
Chroiiicle.
They are presented as
those of the author only.]
Volume
THE COMMERCIAL &
Number 4175
157
stocks
common
*
•
;■
The
288
Gold
Bachelor
Mining Co. 4$20
" &' Trecker •.Corp.,
'■■■■;
(old stock)
ctf,
par)—__
Crane
part;
t c
Mines, Ltd.
$3Vz
($1 part;
ft"
24
/
pfd.
Co.
of
Payable
of Rec,
6-
30c
6- 4
5-21:
6-30
5-12.
'
Ltd., 8ft
pfd..
$$3
4
5-21
6-15
5-14
50fc
g- 14
$1 v4
6-15
6-
6-
5-10
5-14'
(quar,)
,
1
America,—
'pfd.
conv.
Holder$
,.When
30c
^$6c
(interim)—
Amusements,
Co.,• 3ft
Creameries
Kearney
10
($3
A
Copper Range Co.___j_—„._..__.j—_—/
SI lot
.
class
B
Confederation
65'
par);
temp,
common
($100
"Per
S)iure
System,
^
$ per Share
Aimy.'Bigelow.& Washburn, Inc...preferred
3
under sinking fund provisions.
including those called
STOCKS
■■
Atlantic Coast. Co.common
3
Company
Broadcasting
Coniaurum
'-/ft 25'
for redemption,
called
Class
Wednesday,
ft
"ft
Shares
Below will be found a list of corporate bonds, notes,
and
•
ft?:' Transacted by R. L. Day & Co., Boston, on
May 5.'
/>-»?
„
Name of
Columbia
Notices
v
1705
Auction Sales
Redemption Calls and Sinking Fund
preferred
FINANCIAL CHRONICLE
(quar, I —87V2c.
Crown Cork & Seal,
$2.25 pfd.
1
•
>.$250 The Womens Republican Club of
-
.
Company and Issue—
Date
Alleghany Corp., collat. trust conv. 5'A bonds, due 1944..July
American
Bemberg Corp., 7%
American,
v
5'/i
British
preferred stock.
Page
3
____..July
*
1
>■ ftft
$1,000
'
1,
1950
1,
l960_-..__..Mayt'21
Sinking fund 334%> debentures due Jan. 1,
__May,21
Service
Co;,
Sullivan
Smythfield
Moorhead
117
United
6
Co..
bonds, series A.
dated
1934
May 31
Collateral trust'6%
bonds, series A. dated
1934
Jun
5-17
5-31
5-13
5-
1
4-26
T
6-25
6-11
5-15
5-
1
preferred
preferred—
Testing Co., Inc___._____—
'5ft
Dun
&
$1%
>'
Corp;
(Indiana)
(quar. 1
25c
_
"
$4
6-1
5-14
6-1
5-14
6-1
5-10
'
—
v
Kodak
5-25
5-15
40c
5-15
5-7
7-
Sl1^''.-
60c
(quar.)__L—$1.75
preferred
(quar.)
common
Co.
6-
5
1
6-
5'
6-H..
6-30 >
_
6-
25c
Fajardo Sugar Co. of Porto Rico (quar.)
Fanny Farmer Candy Shops
(quar.)
Federal Chemical'Co., 6ft * pfd.
(accum.)-—'.-
1
7-
$iy4
(quar.l.
1 quar. 1
Co.,
5-25
6-10
25c
(quar.)>_//
common
Natural Gas
Exolon
1236
Co.,
'
—
Associates
preferred
ft 7ft'
iquar.37'/ac
Co.;ftquar.)—:
Utilities
El Paso
1
5-15
5-6
Barker
Tobacco
Bros.
Blaw-Knox
class
Co.,
Viz'.<c preferred
Corp.,
lst mtge.-3Vfes,
Co.,
July
1
Jun
A stock_____
5-15
5
1,
1950
Niagara Electric Corp.—
Gen. & ref. mtge.
Byrndun Corp.,
3 'A %
,
Maine
Power
1st & gen, mtge.
'As,
series
Cleveland,
1st mtge. 3'2s, due 1967__Jun
1st
1647 '
1
1553
:
ord of past
Oil
Corp.,
1st lien coll. 4'4
Jun
.
*
30
& Perrelli
Fort Worth
1
Jun
2
«
3%*i>
deb., due
1951—.—Jun
Great
bonds,
Adams
Yards
1647
1422
Alabama
1555
Albany & Vermont RR.
Herald
1st
Co.,
Inc.
Square
1st 5s, due
debentures due
5'>-
Vfc
*
7 ft
ser.
Jun
Allied
1557
ser.
G, due July
6ft
993
1, 1946—July
Public
Service
f. income bonds due 1948——Jun
1st
mtge.,
Kentucky
Hotel,
Inc..
gen.
Lincoln
Stores,
Louisville
31V*
&
Inc.,
stock——
preferred
Nashville
<
extended unified
New
1st
New
July
bonds due 1950
mtge.
Paramount
Pictures,
series
A,
due
Inc.,. 1st
1958
preferred
stock
1960.Jun
Portland General Electric Co., 1st mtge.
5s, due 1950—Jun
preferred stock——
Public Service Co; of Colorado.
1
Light Co.—
■,?
1st & ref. mtge. 5ft bonds, series C, due 1950— May 10
ft 1st & ref. mtge. 5 ft ft bonds, series A, due 1949 .—Jun
1
1st & ref. mtge. 4ft ft bonds, series D. due 1950——Jun
2
Radio Corp. of America, "B" preferred stock__—
—July 1
Richmond Light & RR. Co.,-1st & collat. purchase-money
mtge. 4ft
50-y«. bonds, due 1952_—___July
1
San Jose Water Works 1st-mtge. 33'4 bonds, due 1961—Jun
1
Puget
Powder
•
1
4-15
Helena
•ft; 5ft
4-30
5-15::
5-
5ft>
4
'
.
.
_
&
Beattie
f'
Gold
Mines
Borland
"
6-
1
5-21
6 ft
issue.
+In volume 156.
Carpet
^preferred/ (quar.)
1652
996
Bloch
1652
Bohn
Brothers
.
.
6-30
5-31
7-
Aluminum
Booth
<F.
E.i
&
Co,
City. Mfg.'
Boston
1653
> - ft.
1088
Woven
10c
r
Shoe
Brown
$5-
preferred
Burlington
,
5ft
.
Registered
Lake
Superior District
6-
-
5ft
1
6-
M
J
7-
5-
7
7ft
shares
5-12
$6
7ft
5-15
5-10
Models
6-25
Monsanto
7-
1
6-15
7"
1
5-15
50c
6-15
Inc.,
Central Arkansas Public
5-
5
Morse
5-25
5-15
Mullins
$3
(G.
Automotive
6-
1
5-17/
National
Charis
35c
.
;
-
Hill
Clark
V5-ft
1st
-
Coca-Cola
Coca-Cola
Collins
A
&
5-15'
r
Method
&V2V0
5-20
6-19
5-22
6- 1
5-10
6- 1
6- 1
5-10
5-10-
5-15
4-29
$$1V4
$1.75
75c
5- 1
6- 1
6- 1
4-24 </
6- 1
6-15
8- 1
8-1
6-15
5-10
6-15
3-17
2-27
5-20
5-10
•
5-10
4-30
5-15
5-21*-
5-29
7-17
7-17
5-20
iaccum.1
Inc
York State Electric &
5.1Qft
.
Auction
C6„
New
5-15-
5-15
Niles-Bement-Pond
ft 7- 1
6-16
Nineteen
5-15v
Nova
1
6-
5-15"
1
Hundred
Scotia
Gas Corp.—
class
6-
4
5-10
ft
6- 1
/
5-15
•
$1
6-30
VT: 6-11
8-16
8-16
7-15
f$1.75
$15c
JSl'A
15c
B______.
7-1
7- 1
6- 5
5-10
5-
5
•
5-10
5-
1
•
f
6- 1
Light & Power Co., Ltd.—
preferred
(quar.)—
Ohio Water Service, class A—
Ontario Steel Products Co.,-Ltd.
6ft
7
6-15
5-15
$$l'/2
Co.
Corp.,
5-
50c
12V2C
$1.27Vz
(quar.)-
preferred
1
6-
5-29-
Laundry Co.—
preferred
6-
1
ft
5-14/
"'■ft
Common
6-
$1
5-
1
4-26
7ft
S3
5-
5
4-30
Ottawa
6-
1
5-20
5-15
6-
4
.
_____
•
v
.5ft
Light,
Paauhau
5-20
Pacific
1
6ft
Sugar
Wood
(quar.)—
Heat
preferred
5-13>
Plantations
(quar.)—
Corp.—
preferred
(quar.)
v
r
•
:
•
5-20 >
5-28 ;
Parkersburg-Rig & Reel, 5ftft
Paton
6-15
5-28
37'/2c
5-25
5-10>
<
•
7ft
Manufacturing Co., Ltd., com.
preferred
6-15
5-25 >
Pepperell
75c
7-
1
6-12
Petrolite
7-
1
6-12
Phelps
$5.55
7-
1
6-12
7-
1
6-12
$1.25
6-
1
5-18'
(quar.)—
(quar.)
__________
Wilcox Co. (irreg.)___—
Mfg. Co. (quar,)-.—
&
Corp.,
Dodge
Ltd.__
^—___—
7-15
•
5-10
•
(irreg.)
pfd. (quar.)_
6-14
$3
common-
.(s^-a 1
iquar.)_
com.
iquar.)___-_—____________
Products
non-cum.
—
& Power,
6-15
$1.50
:___
$25c
iinterim)____'___________j._„_—
preferred
75c
31'Ac
pfd.
;_
Co
York
Peck; Stow
(s-a.)._
Aikman-Corp., 5.ft
tquar.)_
iquar.):
Transit
$1.25
__._j._-
Corp.,
•
*■
common
New
Elec.—
International
5-20
25c
(quar.l
Inc.,
75c
I
(quar.)
class A
5-25
15c
25c
50c
75c
25c
•
5-15
1
6-1
15c
Co., <common 4quar.)
•$3' preferred
6-
75c
tquar.)____;
preferred
6-15
6-10
6- 1
6- 1
$1%
(quar.l.
National
$3'/2
is-a)—
(quar.l—
Gas &
Lines,
(quar.)
pfd
$7
5-17'
6-15
V
Equipment v Co.,v common
Counties
6-15
..
RR/ Co.' (quar.)
5-ftA.preferred
6-15
Sl'/2
.
conv.
$1.50
Cleveland Tractor Co.^
Coast
6-15
7-1
7- 1
7- 1
7- 1
+2c
<s-a>__
(s-a)___■__
6-19
v
(quar.)______.
I
-
5-20
5-20
5-15
"
4 50c
$l3A
5-15*
11-15
$2.25
$2.25
$2
17'/2c
___________
pfd. A
$4.50
National
"6-15
50c
4-3p •
8-16
50c
$1
SI.07
preferred iquar,)
Container Corp.
iquar.)
1*
Service—
Chrysler Corp.
$3
City
A
$50c
..
$l)/2
S1V2
,.$l3/4
/
Fibres—
preferred
conv.
Class
5-20
5-27
$50c
(quar.)—
Power Co.—..
25c
(quar.)
Machine.
C.) "Co.
$25c
Ltd
10c
8IV4C
iquar.)__
$ 1 Vz
New
Railway Signal, pfd.,,class A iquar.)
Corporation
1
■.
•
I
(quar.)
common
Corp. of Nova Scotia
National
1
1
5-31
8-31
11-30
6- 1
6- 1
6- 1
$7
Manufacturing Corp.,
Murphy
7-
5-
50c
(quar.)__
&
4-29
Sl'A
•
'/(irregulaift—
Chapman. Valve Mfg., 7ft pfd.
Drill
6-
.>
(Common
Chestnut
Twist
1
$1.25
7
/'ft
is-ai*
5-
6-
5-
5-25
50c
B
6-15
1
5-14
6-10
•
3
$7
1940
Co.,
$1.60
6-
ft 5-15
5-26
20c
(interim.)*
preferred
5-12
6-15
1
5-
$7
Montgomery
25c
6-
6-15
6-10
25c
irreg.ft
Co." (quar.)
preferred C (s-a-l
& Erie Ry.
8
Mortgage
(quar.)
preferred
Ltd.
50c
.
v
5-15 >
J__
Chemical
5-
45c
$2
Central Ohio Light &
$4
1
50c
.
-
1
6-15
.
V4C
common...
50c
.
4
t20c
(quar.)
(quar.l
Oil,
$4.50
.
.
common
5-14
6-
4ft preferred B iquar.) J
4'Aft preferred C tquar.)__
6ft
(quar.)
Corp.,
preferred
6-30
(quar.)
•
1-
6-
'
5-15"
.
ft/' 6-
6-1
iaccum.)__
junior preferred
Common
5-15
i__—
5-15
1
Minneapolis-Honeywell Regulator—
4-27
1
6-30
•
6-15
(quar.)_.
25c
quar.)
1
Hegeler Zinc—
series
5-15'
:
class A
$6
&
Textile
75c
Co.: (quar.)
Central
Mills
Paper
preferred
6-30
40c
6-
6
6-11
preferred (accum.)
7ft preferred (accum.)
5-31
—
6- 1
5-20
25c
Corp.
preferred
1
5-
ft",
15c
ft 25c
Co
Co.__—
&
6ft
4-27
(accum.)
Canadian. Westinghouse
preferred
R.)
preferred
50c
Carman
7ft
Petroleum
(P.
6ft
1
5-15
150c
:
;
7ft
,
4"
6-
4-26
1
$1.25
5-17
6-
1
5-20
25c
5-
1
•
5
6-
6-
$l'/2
(quar.l
(quar,)j.
6-
1
Corp
...
•
5-20
5-
37V2c
.
pfd.
(quar. 1
Power Co.—
5-15
5-
ft
6-12
$5c
Ltd.
$3'A partic. preferred
Michigan Public Service,
1
1
$5.69
Corp
Metal
6-
6-
12V2c
Consolidated " (s-a 1
M
Mattiessen
5-20
63c
Co.
M
Macmillan
1
50c
(,quar.)___
Co.,
Mine$,
preferred
&
Mallory
$l'/2
(irreg.)__
Ltd.-*-
1 ft
37J/2c
Parchment
6-11
5-
.
(-initial
6-
25c
-
(quar.)__
1
7-
$1%
4
Canadian." Fairbanks-Morse. Co.,
&
Co.
5-13
common
Mills,1, common—
Malting Co.,
Bearer-shares
Products
Vegetable
IS.
5-15
Co.__Xr
preferred
Canada
•
Canada, Ltd.—
:
l_—
Shore
12'/2c
iquar.)—
Forge
;
(monthly)
6ft
of
Co.
5-31
—
Co.,'Inc.
10c
(quar.l
Water,
S.I
$4c
(quar.)
Brunswick-Balke-Collender Co.,
Buffalo
Municipal
International
20c
Co. ((interim)
$1V8
pfd.:.;(quar.)—
cum.
1
(irreg.)——
class A
6-lS
I
(quar.)
A
5-20
Clears all arrears.
;
Bristol-Myers
class
6-15
—I—
(s-a)
6-30
433/4c
—
/.___
l
(quar.)____________
10c
pfd. .(accum.)—,
(irreg.)
$1.60
5-17
iaccum.)__„__—_ft_>'
30c
(quar.I
Rubber Co.—
1
(accum.)_______>_____
pfd;
Co.,
Kalamazoo
5-20
lirreg.i
Hose.&
ft 6 ft preferred
Brentano's, Inc.
5ft
Mfg.
Lake
1
$$1.50
iquar. t.
6-
„
5-28
$1V2.
.
75c
(s-a)
Co.—•"
6-5
*
Common
Gas
6-22
6-10
Mfg.
Border
Co.,
Marathon
_____
Brass
$3
Borden; (Richard)
&
Quarterly
5-31
1
6-19
$20.80
(quar,)_
-
Oil
5-15
$i2V2c J
Tobacco,'. com.
6ft?preferred
■
A
class B
1
(accum.)
»—
Co.,
.
2
4-10
6-21
6-
87 Vac
(quar.)__j
6-
4-15
6-
Illinois
$26.25
(quar.)
-common
2
7- 2
25c
6-18
class
International Nickel
(accum.)_
(increased)
Stores,
7ft preferred
Bigelow-Sanford
1463
Class
in this
Shoe
6-
$25c
7-1
Lane-Wells
(quar.)
-
6-,8
7- 2
t25c '
5-1
Hollinger Consol. Gold Min'es
Hydraulic Press Mfg. Co.—
5-10
20c
(quar.)—i
(interim)
Brummel -Ties
Beau
5-20
6-15
6-15
6-11
$l'/2
Co.__^
common
A
6-15
—
5-15
5-15
37'/aC
,
(s-a)
class
4-27
-
7-1
Co.
15C
Seelig Mfg.,
5-13
1
ft 16c
—
(quar.
Hobart
1
■
cum.
4
4-27
(quar.)—
preferred class a
Higbee
6-
clears all arrears.
Corp.
6-
5-1
.ft
1
5-
'
(quar.)$1,25
Glass
1
$25c
(quar.)
pfd.
25c
ft' :'':' 15c
•
11-
ft
5-1
iquar.)______._
Kresge
pfd. (s-a)
pfd.
5-15
lft
6-
$$13'4
Class A iaccum.i__
$1.20
mtg£. 5ft bonds, ser.F, duel956—_—May 21
Shawinigan Water & Power Co., 1st mtge. & collat. trust
sinking fund 4ft bonds,-series F, due 1961————.Oct
1 ft 1565
Sherwin-Williams Co., 5 ft. -preferred AAA stock_____^__Jun
1
1565
Simmons Co., 4ft
debentures, due 1952————May 15
1468
Southern Advance Bag & Paper Co., Inc.—
1st mtge. 4fts, .due 1955—
——_—'—____—Jun 1
Tennessee Coal, Iron & RR. Co.. gen. mtge. 5s, due 1951-July
1
• 1350 Broadway Realty Corp.
(Herald Square Bldg.) —
1st mtge. leasehold s. f. inc. bonds due Mar. 1, 1948—Jun
1
Toledo Edison Co., 3ftft debentures, due I960-——Juh
1
1654
Tri-State Hotel Bldg; Co., 2nd mtge. 5ft bonds
—. May 11
1567
United Biscuit Co. of America, 3ft ft. debs, due 1955
Jun
1 .:
United Graip Growers Ltd.—
I.,";.
5ft 1st mtge. gold bonds; series A, due 1948
—July 2
; 903
4ft ft 1st mtge.; bonds, series C, due 1949———.—July 2
903
West Virginia Pulp & Paper Co., 1st mtge. 3s, due 1954_Jun
1
>1656
Wilson & Co., 1st mtge. 4ft bonds, series A, due 1955—May 14
1472
Convertible 3%.ft debentures, due 1947
—May 14
1472
Windsor Arms, Ltd., 1st mtge. *6'A (ft bonds due 1947—Jun
1 .ft,,*
.
7'ft
5-31
6-10
11-15
(quar.)_—15c
common
5-14
,
75c
Canada
of
Mfg.'
Barlow
Savannah Electric & Power Co.—
-1st & tef.
pfd.
7-10
$3
25c
(irreg.)
4 Ms ft; pfd.
Corp.
6-21
$1%;
Co.
Petroleum
Co.,
15c
—
;
Engine
Diesel
Water
preferred
6ft
6ft
5-25
7-26
•
25c
_
10c
1st
6
6-10
5-15»
Hiawatha
6-15
:
$15c
(quar.-)w«*~is»'
75c cum.
5-13
7-
2
62Vac
(s-ai__i_—'
'
Indemnity
5-5'
6-12
8-
15c
(quar.)__—_
Rubenstein
6-1/
dividend clears all arrears.
Barcalo
1272
1653
1276
pfd.
prior
5-10
5-15
Corp;___________50c
Hazeltine
5-10
20c
Quarterly-' 1—-ft—r____—
;
1366
5ft;
Mfg.
6-15i
'
50c
Finance1 Co.,
Barber-Ellis
1364
1364
1364
Initial)________
5-10
5-25
;
"ft
50c
$1 »/2
Harshaw Chemical,
Banque Cauadienne Nationale (Montreal)—
1186
'ft:ft<4
1
1
5-25
7'/2c
—
partic.
Hazel-Atlas
50c
class-A
6-
'
;___$1.25
preferred class A
6-
___—;
Fisher Tobacco Co.. 6ft
Bandini
1183
Sound Power
•Announcement
7ft
6-15
20c
(quar.)___-
Light,
Imperial
Automobile
1
l___May 15
4ft debs, due 1949——Jun
common—
'
preference (interim)—
partic. preference (interim)___ "
Insurance Co. (Dallas') (quar.)„l______
Haskelite
4-30
•
30c
ft
Co
B
5-29
75c
(s-at—
(quar.)__^_—___—
$3.20 preferred
This dividend
-ft
A
6-10
1
*;
5-15'
Heywood-Wakefield Co.— "
Breweries of Canada, com. (quar.)
Gas
This
•
class
class
1
25c
>
......
25c
common'
American
25c
(quar.)
(quar.)__—________
preferred
Axton
1
Jun
1
Phelps Dodge Corp., conv. 3 Vz ft debentures due 1952__Jun 15
Philadelphia Transportation Co.—-.
ft
•
.
>
3 ft-6ft' consolidated mortgage bonds...
Jun 15
Phillips Petroleum Co., conv. l3A(ft- debs,, due 1951—Jun
1
*
(S-al__
Corp.,
Co.
Lakes
6-15
common
preferred
Atlas
Brewing Co. of Trenton—
4'ft: 1st mtge. bonds due 1953—
Sugar Co., 7ft
Corp.,
Atlanta
Extended
Potrero
7-
iquar.)______—_
Co.
Mill
Astor Financial. Corp.,
1
-ft
——July 1
May 10
Pennsylvania Glass Sand Corp., 1st mtge. 3'As due
Peoples
5-19
tquar.)___
Co.
Works
Metal
7ft
Products Corp., 3.'/*ft debs., due
bonds,
preferred
prior
Pulley
Associated
1
1st mtge. bonds due 1967_Jun
New;York'Railways Corp.—
lien
6-10
of Delaware—
Rolling
7ft
$2040
1651
due 1964—_—i______.:-July 2
1960--Jun
1
England Power Co,—. ; _._
/
mtge. 3 V4s, .aeries A, due 1961
—May 15
York Central RR., 33Aft secured: bonds due 1946__Jun 30
Prior
Convertible
Art
899
1083
5'/2s, series A.
Dairy
Gulf
Archer-Daniels-Midland
1651
1
1
*
W.) Co._____^„—
(H.
15c
(initial)
Growers
Anglo-Canadian Tel.,
'
mtge.
Insurance
Re-Insurance Col
"1271
bonds——_________
lui———Aug 1
Metropolitan Playhouses, Inc., 5 'ft debentures due 1945.May 25
Minnesota Transfer Ry., 1st mtge. 3% bds., dated 1936 Jun
1
Montreal-Light, Heat & Power—
Consol. 1st mtge. & coll. tr. 3Y2(ft bds. due Feb. 1,1956_Jun
1
Mortbon Corp. of New York—
-?■ Collateral tr. mtge. bonds, series C, due 1951——Jun 1
Collateral tr. mtge. bonds, series D, due 1956
July 1
Nanaimo-Duncan Utilities, Ltd.—
1st
5-10
$1.50
American
Marcy unstamped
National
5-15
SI
,
75c
(quar.____
Engineering Works
$2
common...
American
RR.—
Louisville Transmission Corp.,
•
Fruit
Atlas
Aug
Jun
and
1st
5-20
Paper Co.,. Ltd.—
$2
(quar.)
Automobile
Artloom
July 1
May 10
bonds, due 1959
mtge. 6'ft bonds
series A 4V*r/o
5-20
6-1
$1.25.:/
Great
.
Valley Coal Co.—
ref. mtge. 5(ft bonds, due 1944-
Lehigh
'
Co.—
Water
Great
1
5-15
•
1559
mtge^ 334
Industries
American
Jamestown Telephone
Kankakee
5-
25c
America,
American Insulator Corp.
*
Co.—
bonds due 1969r—_„—May 21
Co.—'
r, 1st
mtge. 5 (ft bonds, series A, due 1954
:—
Jun 1
Kanawha Bridge & Terminal Co.—
1st mtge.
bonds, dated 1908_.
—
Jun 2
1st
6-1
iquar.)
Extra
1
6-
$1%,
(quar.)
preferred
American
1
Heyden Chemical Corp., 4'4 '/0 preference stock
/—May 10
>1459
Heywood-Wakefleld Co., 10-year 5'ft debentures———Jun
1
1649
Higgins Industries, Inc., 6 '.'o preferred stock———Aug
1
1459
Hill Mfg. Co.—
"" "
lift :ft> :';ft>':ftft/■
1st mtge. conv. 10-yr. extended 6'ft bonds, due 1945_ May 17
*
International Paper Co.. 1st & ref. mtge. 5s, ser. A & B May
29
. *
Iowa Electric Co.; 1st mtge. 4s. series A, due 1961——.Jun
1
*
Iowa
5-15
$1
(quar.)——
of
Co.
American
...
s.
Co.
Aluminum
"
1
Bldg.—
mtge." leasehold
5-20
1
common—35c
Corp.
laccuni,)_
Hackensack
1361
1
Kid
Aluminum
*
2
B, due 1951
serial bonds, due 1945—Jun
bonds,
conv.
6-
SI'/a
(quar.)
(irreg.)_
.(quar.)_„—
preferred
1269
______May 15
1949
debs.,
conv.
$6 pfd.
Service,
6-15
Allegheny Ludlum Steel Corp.—
1
1950...—May 18
capital stock__._
Water
Co.,
Corp.———————
Mills,
Gossard
of Rec.
6-30
5-10
(quar,)_
Cycle
5
5-15
Brothers,
6ft pfd.
,
6-
1
—
Great Lakes
Ry.—
4'A
Payable
20c
.iquar.)
Co.
1
A, due Aug. 1, 1948_____„Jun
ser.
Mfg.
D.)
ij.
May 10
Co.—
Wares, Ltd.,-4%
Northern
Gen. mtge.
share
Name of Company
Holders
6-15
(quar.15c
(irreg.)
iquar.)—
pfd.
5
6-
15c
6-
pfd.
conv.
Motors
pfd.
Golden
When
Inc.
>':
6-5.
5-20
America
Gosnold
Per
5-17
1
6-15
6-15
5c
Industries
Department" in the week when
6-
25c
15c
1
pfd./class B
$5
4-26
$l'/2
Co.
General
"General Corporation
our
.The dividends announced this week are:
May 20
preferred stock__-
Service
General Finance Corp.,
Steel
in
6-10
5-3
$2
(quar.)—
Co.,
General
$6
*>'
conv.
5%
Gatineau.Power Co.,
General
News
H.i
Trailer
cum.
6ft
1
(quar.)„_T:_
class A (quar. 1
General Finance Corp.—5ft. pfd. class A (s-a)
rec¬
dividend payments in many cases are given
'i
1946
due
Canning Co.,
Stock
Further details and
1647
.
Filice
been paid.
declared.
,
stock
& Terminal Co.,-1st mtge. 6s, clue 1951___
Public
Fruehauf
5ft
1
7-
America,
Brewing
General
pfd.
$6
6-
37V2C
iquar.,I
(M.
Granitevilltv
Davega Stores Corp.,
Coast
second table in
a
of
B
Pitt
Gimbel
mtge. bonds dated 1890—May 17
preference
follow with
we
the company name
Co.—
series C,
-
Then
Investment
and
St. Louis Ry.—
& Lighting Co., list & ref. mtge. 4'/2s__July
Biscuit
Consolidated
Dallas Ry.
tr.
July
Class
Fort.
show the dividends previously announced, but
we
under
1961
1935. convertible
5'/as,
mtge.
East
1
Telephone Co.—
due
A.
of
Ry.
Consolidated
,
ft
Investment Trust Corp.—
series
Connecticut
:•
4
Cincinnati, Chicago &
Commercial
$4.25
:_Jun
which
1360
Co.
Fishman
1419
1
1966
Mogul Corp,
In tht
bring together all the dividends announced the
we
current week.
May 17
grouped in two separate tables.
are
which have not yet
St. Louis Division 1st coll.
4
l__
Co.—
Citizens Independent
4
first
1st 6s, due 1945_~Jun
3'/2bonds, series H, due
Cincinnati Gas & Electric Co.,
ft. 1st
1646
1
Light & Traction,
Federal
Finance
Dividends
.
3-yr. collateral trust notes____
Caibarien-Remedios Water Works Co.,
Central
.
bonds, ser. C, due June 1, 1967. Jun
Federal
0
Broadway-Cooper Corp., 1st mtge. 4s, series A, due 1952 -May 20
Buffalo
DIVIDENDS
1645
stock_________
due Feb.
50c
.
Axton-Pisher
—_
*
30
-ft
7
lquar.)__/—'/»
Steel, 6ft pfd. (quar.)
$S1 Va
Bradstreet
6ft
■
I
Anglo Investment Corp.—
Lock
Eastman
15
20
(quar.)/_—/
Car__ftL__—25c
preferred
Eastern
$50 lot
Co.,
pfd.
7ft
Motor
Mfg*.
Eagle
$7 lot
—
Coal,
Common
;
385ft*
common.
&
Dominiom Foundries &
Co.—
Collateral trust 6"o
6-
Ice
preferred
Dominion Ss
$130 lot
___*_
Co.,
Knitting
States
5-12
(quar.),.——
Shares—
Forster Insurance
&
Dodge
$ per-Share
(stamped)
common
Smythfield
"50
.
Utilities
90'/4 flat
Trust Company,—
Lumber
Sullivan
1522
5
Carter
5-28
5-2.9
.^
.'
STOCKS ?
25
1521
Corp.—
June
Northern
80
1521
May 21
1970
;?4 5Va'/f convertible debentures due 1949
American
mtg. 4fts, Nov. 1, 1944, ser. 4_
.
ftft ''ft': ':
5
,
1521
,
,
International
ft
...
debentures due Jan.
Sinking fund 3Va'ft. debentures due Jan.
American
19'/4
par>—______
Percent
day, May 5.
1417
•
Sinking fund 2%',6
($20
BONDS
Hathaway Co., 1st
C. .F.
preferred
Inc.,
Loom,
ft./ft,,ft"ft.
1
Shares
American- Gas & Electric Co.—
$200 lot
The
of
6-15
Diamond
Massachusetts
Transacted by Barnes & Lofland, Phila., on Wednes¬
-ft >
"ft.
ft '
"
;
Corp.—
i953__
Fruit
15
-
j.l,;./
1
Aug.
Continental
&
debentures/ due
v
$6'/.»c
Crum
-V'-7ft
note
given in the "Chronicle."
were
v
Lumber Co., pfd. vtc ($100 par);
30 Savannah River
ing tenders, and the page number gives the location in
which the details
common
'
<
(quar.)j,—>■...—//$1%
Cushman's Sons, Inc., 7ft pfd. (accum.)——
$3ft
Delnite Mines, Ltd. (interim)———
^
$3c
Diamond
Savannah River Lumber Co.,
The date indicates the redemption or last date for mak¬
___
Corp
•
l V2c
$134
$$1
$$13A
15c
$2'/2
10c
40c
6- 1
6-15
5-20
6-15
6-21
5-15
ft.5- 1
6-10
5-31
$1V2
5c
6- 4
5-15
5-31
6-10
5-
7
4-23-
5-25
Philadelphia Germantoton & Norris RR)—
.'Quarterly
Phoenix
_l—
Acceptance Corp.,
—
class A (quar.)__
5-20 v
5-
5
Monday, May 10, 1943
1706
•'•'r'V'r..
Y
Per
'
Name of Company
Phoenix Hosiery
Pittsburgh, Bessemer & Lake Erie RR.—
6','c preferred (s-a)
—.—_________
Name of Company
o1 Rec.
American
Pittsburgh Coke & Iron Co.—
$5
preferred
conv.
Power
7%
$1.25
of Canada
Provincial Bk.
Rheem
Mfg.
Risdon
Mfg.
Rubinstein
Rutland
(quar.)
Savannah
deb
7%
7'A'A
8%
deb
Sheaffer
Smith
*
Saw
(quar.)
$1%
7- 1
7- 1
7- 1
5-25
6-15
6-15
5-25
5-15
6-21
6-30
7-28
5-24
5-14
6-28
$2
50c
_
(quar.)__
—
:
,_
Ltd.
Mines,
(Quebec)
(Interim)..—
(interim)
Steel...
&
6-15
$1%
-
Mines, Ltd.
Sigma
Simonds
Skilsaw,
4-27
7- 1
(quar.)
Corp..
Gordon
4-30
5c
t3c
$30c
(quar,)
Pen
—a
Mfg.
Sherritt
(quar.)___
B
preferred A
(W. A.)
Extra
Sheller
D
preferred
5-
(quar.)
Inc.
_•___
____—
40c
___
6-
7%
preferred
Snider
(quar.)__,_
Packing
6%
Corp.
preferred
Southern
6%
87'Ac
25c
:
(quar.)____
Edison
California
Thread
American
class B
L
(quar.)...
Power, Ltd., com.
preferred (quar.)_
Stamford
Water
Standard
Co.
Accident
__
(quar.)...
Insurance
37'Ac
t20c
f$l'A
(quar.)
8-16
40c
_
5-15
62 Vic
Standard
Oil
Standard
Oil
of
Indiana
Standard
Oil
of
New
California
6-
5-
5
6r/o
Extra
;
Storkline
Furniture
6-15
6-15
6-15
5-28
6'A%
preferred
1
Gulf
Texas
Timken
i.—50c
Roller
Tom-Bell
Toronto
Union
Sulphur Co.
6- 5
Royalty
3-30
Car
Co,
Merchants
&
$66c
6- 7
,50c
preferred
6-
5-17
5-17
5-25
(quar.)_
(quar.)
Mfrs., common
50c
(s-a)__
75c
Ltd.,
Molasses,
(final).
ordinary
6-10
Casualty Co.
<N.
Y.)
(s-a)_
Inc.—
Electric Light & Power Shares,
Class B
(irregular)
__
United States Printing & Lithograph
$3
preferred class A
United
Steel
(accum.)
Corp., Ltd.,
3c
$1.50
110c
t5c
Extra
6%
preferred class A
Universal Winding
Upper
Canada
Utica
(s-a»
T/b
Co.,
Mines, Ltd.
Knitting
Co.
Co.,
(quar.)
(Interim)
_______
Inc.
:—
-i.
___'
(quar.)
common
'AW '/c
preferred' (quar.)
Canadian Hydro-Electric
V/est
Class
80c
G'io
$6
preferred
Western
75c
(J.
f$7
Co.,
(quar.)A?.—
6-1
6%
(F. W.)
pref.
Brazilian
Brewers
deposit
(Thomas)
Young
.
(irregular)
Nurseries
6-7
5-
$1'A
5-22
Distillers
&
Mills,
Pipe
Bunker
■v
Below
Hill
dends
this
announced
Brothers,
Butler
Water
Byers
(A. M.)
ing
i
Name of Company
thare
APW
Properties
Acme
Glove Works, 6!A % preferred
Steel Co. (quar.)
Acme
Hat
stock for
,
each
Class
Products
6%
(stock
Markets 6%
preferred
.
5-17
4-30
6-12
5-14
5-15
4-30
Canada
Dry
5-29
5-15
Canada
Northern
$1'A
(quar.)
Allied
Stores
Portland
7-20
6-30
Canadian
Insurance
7-
1
6-17
Canadian
International
_
preferred
(quar.)
7%
preferred
(quar.)
Leather
convertible
Arch
American
Cos.
7%
,7%
preferred
A
pfd. A
(quar.)_
American
American
$2
12-15
6-30
6-15
Castle (A, M.) & Co. (quar.)
Caterpillar Tractor Co. (quar.)
Cedar Rapids Mfg. & Power (quar.)
Co.'s,
Co.
Corp.,
9-15
Central
Foundry, 5%
12-15
Central
&
5-28
5-15
6-
5-20
5-15
$1%
$1%
1
$6
Public
Vermont
Co.
(irregular)—
5-15
5-12
6-30
5-28
1
5-14
Chicago
25c
Chesapeake Corp. of Va
6-
Mfg.,
class A
Inc. (quar.)—_—
(quar.)
$2
6-
1
5-14
Chicago Yellow Cab Co.,
1
5-14
Chickasha
(quar.)_
75c
6-30
6-18
Products Corp. (monthly) __
Investment Co. of Illinois, com—
20c
6- 1
5-15*
Chile
Cincinnati
5-14
62y2c
Oil
Co.
Quarterly
6-15
Copper Co
-—
New Orleans
$1'A
15c
50c
25c
25c
25c
50c
7-1
6-15
5 %
preferred (quar.)
preferred (quar.)
$1'A
$l'/4
1
5-21
5%
preferred (quar.)
preferred (quar.)$iy2
6-
1
5-21
$1'A
15c
Sl'A
American
News
preferred
Co.,
Co.
Ltd.,
common.—
(bi-ihonthly)
30c
5-15
5-
5
6-21
5-29
5-29
6-21
:
Chilton
City
of
Co.
(quar.)__^
Newcastle
Water,
_________
67o
pfd.
(quar.)_
6- 1
9- 1
12- 1
5-14
6-.1
5-15
8-18
11-15
5- 4
5-11
6-15
4-30
6-25
9-25
12-24
5-
5
5-
5
5-15
5-15
6-
1
5-15
5-
7
4-15
5-21
5-
3
6-19
9-18
7%
preferred
5-20
7- 1
Forster, 8%
Culver &
Cuneo
7- 1
6- 1
5-r9
6- 1
6- 1
5-15
5-15
5-31
5-15
5-15
5-19
5-5
5-
5
6- 2
5-
8
6-30
6-18
Sl'A
$2
5%
Common
common
(quar.)
(quar.)
preferred (quar.)
7%
7%
preferred
preferred
5-15
5-15
6- 1
$13A
$13A
(quar.)
(quar.)
_____
5%
(quar.)—
preferred
6- 1
5-15
6- 1
9- 1
12- 1
7- 1
10- 1
12-23
$2
30c
(quar.)
Common
v«7%
7-1
6-19
$1%
—-
Dejay Stores, Inc.
Dentist's Supply,
7- 1
5-31
7- 1
6-21
35c
25c
75c
75c
75c
preferred (s-a)——
& Co., 7% preferred (quar.)
(irregular)
Deere
7-22
6-
50c
75c
(Mo.)
&
8-16
J$2'A
Publishing,
Debenture
(quar.)
pfd. (quar.)
50c
5-15
50c Y; 8-16
—
Class
—:
—
A
Co.,
Ltd.
<quar.)_
Ltd.
Bridge,
(quar.)—
—
Engineering
Dominion
5%
Ltd.
Stores,
Chemical
Dow
Co.,
preferred
(quar.)—
(quar.)
Doyle Machine & Tool Corp. (quar.)_—
Duplan Corporation, common (irreg.)
preferred
Eastern
Shore
(quar.)
St.
6'!o
Eaton
El
Louis
&
preferred
preferred
Mfg. Co
Dorado
(Dallas)
(quar.)
Nickle
Mines
Brewing Corp.,
6% preferred (s-a)
—
Quarterly
Quarterly
Y
—
Federal Bake Shops,
preferred
6-10
5-12
7- 1
7-30
5-25
5-15
4-30
Welder
&
Curme
Shoe
Stores
preferred
6-10
6-30
4-30
4-19
4-30
5-24
5-15
5-15
•
5-
1
5-
r
5-31
7-31
7- 1
5-17
7-15
6- 1
6- 1
6-15
5-10
5-10
1
5-14
6- 1
6- 1
5-25
5-11
5-10
5-
8- 2
11- 1
5-11
5-10
3
5-15
4-30
6- 1
(
5-14
6- 1
5-22
9- 1
8-21
$1.25
12- 1
$3'A
5-20
25c %•' 6- 1
J7'Ac
6-30
15c
5-29
3c
10- 1
Sl'A
6-30
$1'4
9-30
$1'A
12-20
11-20
6-11
5-10
5-12
5- 4
5-15
9-16
6-15
9-15
12-15
9-11
6-12,
(irreg.).—
50c
5-25
5-10
6-15
6-
1
$4
5-20
5-
1
6-12
Co.—
(accum.)
$2
5-15
4-30
$1
(Newark, N. J.) (s-a)
Firestone Tire & Rubber Co.,
5-15
4-16.
20c
5-15,
4-20
$1.50
$2'A
6% pfd. (quar.)
(Chicago)
(quar.)
First State
Bank
Pawners
(Jersey
Society
:
Quarterly
Quarterly
Simons
&
Connell
5-15
1
6-25
7-
—
1
6-25
6-30
6-23
$13A
$13A
City) (quar.)—
(Chicago) —
6-30
6-19
9-30
9-20
Dredge & Dock—
Quarterly
______
Aircraft, Ltd. (initial)
preferred (quar.)
7% preferred A (quar.)
Ford Motor of Canada, class A (quar.)
Florida Power, 7%
(quar.)—
Bridge
1
7-
$1
Extra
First National
6-
50c
First National Bank
Pitt
4-30
25c
Co.
Fidelity-Philadelphia Trust Co. (quar.)
Association of Philadelphia
(s-a) —,—
Fort
8-12
4-30
6-30
6-30
(quar.)—
Firemen's Insurance Co.
B
5-20
25c
75c
(quar.)..:
Fire
Class
5
—_———
common
(s-a)
Machine
Federal Screw Works
Fitz
5
8-
$2'A ;'ft; 7- 1
$2'A
10- 1
(interim)
(quar.)—
common
Metallurgical, $5 pfd. (quar.)___—
$5 preferred (quar.)
$9 preferred
(quar-.)—
Farmers & Traders Life Ins. (Syracuse, N. Y.)
$7
5-
6-
$1'A
$1.25
$1.25
preferred (quar.)
preferred (quar.)
—
Fair (The), 7% preferred (accum.)
Fairbanks Morse & Co. (quar.)__
&
5
5-15
30c
30c
40c
(quar.)—
_—
Corp.
Reinsurance
to
5;
$1'A
$13A
75c
—
$5
$3.50
1
Water—
(quar.)_
$5
Feltman
1
12-23
25c
Interurban
(quar.)
Employers Casualty Co.
5%
710-
}25c
Works—.
Oil
5-15
11-15
5-12
6- 1
6-19
$1.50
$1.62'A
preferred (quar.)_
—
$6'A preferred (quar.)—
Eastern Steel Products, Ltd. (quar.)
7%
4-30
8-16
Public Service Co.—
$6
East
4
6- 1
9- 1
5-15
5-12
.
t$l
$10c
75c
$1.25
25c
30c
$2
(interim)
common
6-
5-20
25c
62'Ac
t40c
J30c
t$2
common—
(quar.)—
Mines,
5-10
;Y7- 1
62'Ac
—
1
6- 1
6- 1
$1'A
Class A and class B (quar.)
——_—
25c Y:
Diamond Match Co., common (quar.37'Ac
6V0
participating preferred (s-ai_——
75c
Diem & Wing Paper Co., 5%> pfd. (quar.)_—
$1'A
Dixie Cup Co., common
25c
Raynolds Co., 5'/o pfd. (quar.)—
A
5-21
4-15
6-15
$3
preference (s-a)—
(irregular)-.i;
$4 prior pfd. (accum.)—
Securities Corp. of Canada—
Mfg.
4-30
10c
class A prior
Curtis
;
5-17
$l'/s
(s-a)
4'A c'o
Curtis
5
$1
t$8.75
$30c
15c
, <
4c
t50c
433Ac
preferred (quar.)—
Cunningham Drug Stores, Inc.—
6%
5-
20c
preferred (quar.)—__
Clinton RR.
Port
Press,
6-15
—_—
(interim).
Coal
Pass
5
(quar.)_
(quar.)
Co., common
Paint & Varnish
Nest
4-30
5-20
6-15
$4 preferred
&
5-
$1.62'A
$1.75
Telephone Co., 6'A% pfd. (quar.)
Continental
Federal
;
4-15
5-31
31'Ac
(Initial)
(quar.)
Co., Ltd. (initial)—50c
Container Corp. of America
25c
Fleet
6-
Metal
5-14
-
1
5-15
6- 1
50c
(initial)
$1.25 convertible preferred
Employers
5-3
5-3
4-30
6-1
6-1
5-11
5-
4-30
7- 1
10- 1
Consumers Glass
Equity Corp., $3 conv. pfd. (accum.)
Erie Railroad Co., $5 preferred (quar.)
& Texas Pacific Ry.—
25c
convertible
American
-6%
preferred (quar.)
Vultee Aircraft Corp.—
Common
6-4
6-19
9-20
4-30
6-12
6-15
5- 5
5- 5
5-20
6-16
9-15
5- 7
Cotton
(quar.)___
5-15
9-30
5-10
6-30
7- 1
5-15
5-10
6- 1
7-15
10-15
5-25
15c
(quar.)—
7- 1
7-1
6-15
6- 9
7-26
7-15
6- 1
6-30
Chambersburg Engineering
1
5-15
5-15
4-16
4-30
4-30
4-30
4-30
6- 1
5-26
6-19
6-19
4-30
37'Ac
Y
50c
Champion Paper & Fibre, common
6%
preferred (quar.)
6-
5-15
5-15
5-15
37'Ac
5-21
7-1
5-10 >: 4-24
5-10
4-24
5-15
4-30
(quar.)
convertible preferred
6-
15c
4-24
4-24
Chain Store Products,
Electric
preferred
Dome
5-10
5-10
4-20
Consolidated
5-18
6- 1
V
5-10
6-15
50c
6- 1
4-30
5-20
6-15
__
5-5
5-5
5-25
3c
(quar.)
4-30
5-15
6-1
6-
pfd.
■
y-y
—
50c
Leather, 6%
—
—
25c
(quar.)
5-25
1
12'Ac
25c
12'Ac
$2
$2
Works, Ltd. (resum.)
Dominion-Scottish Investments, Ltd.—
5% preferred (accumulated)—
■
Service—
$1.05
common—
8%
8%
Devoe &
6- 5
6-1
6-1
6-15
4-20
4-20
6- 1
6-15
5-15
6- 1
5-15
40c
(quar.)—
5-10
$1%
$1'A
——
(quar.)
75c
preferred
(quar.)
11-25
5
Y.
N.
Corp.
6- 1
50c
+75c
Sl'/t
Co.—
Co
$1.75
—_—■
Co. of
(quar.)
Consolidated Paper Co. (quar.)
/
Consolidated Retail Stores, Inc., common.—
Oil
Fansteel
Century Ribbon Mills, 7% pfd. (quar.)—
$1'A
(quar.)
preferred
4-30
4-30
5-15
4-30
Chain
8
(quar.)
Co.
Consolidated Edison
Consolidated
5-15
5-10
5-31
5-15
6- 1
5-25
5-21
(quar.j—
pfd.
6?s
Falstaff
8-25
5-
(quar. 1—
Biscuit
Falconbridge
1
6-15
Co.
Power
Detroit Michigan Stove,
6-
8
Cigar Corp.—
7%
5-10
1
5-15
River
5- 6
4-15
6-
Belt
Power
Connecticut
______
5-28
25c
preferred
(quar.)__
preferred
6-15
Sl'A
$13A
$6
$2.40
6-1
—
(accum.)
6-30
9-30
12-31
6- 1
6- 1
6- 1
6- 1
6-23
pfd. (quar.)
Connecticut Light & Power, $2.20
6-30
6- 1
9-
•
4-24
5-10
$1'A convertible preferred (quar.)
4-22*
t$l'A
t$l'A
t$l'A
55c
60c
62'Ac
Sl'A
10c
;
Derby Oil & Refining Corp.—$4 convertible preferred (accum.)
Detroit Gasket & Mfg. Co., 6% pfd.
+25c
25c
(accum.)
prior lien preferred
Central
pfd.
Utilities
6-30
5-15
Quarterly
$2c
(quar.)
conv.
West
75c
Quarterly
6- 1
+4c
prior lien preferred
Sl'A
—
Quarterly
—t50c
(interim)—
Mines
Ltd.
9-30
South
(quar.)
(N. H.),7% preferred (accum.)
Confederation Life Association (Ontario) —
5-31
6-15
J10c
+10c
l'$l
Co
12-31
12- 1
Home
6%
12-31
Oil
Gold
62y2c
American
5%
9-30
9-15
90c
(quar.)__
Hide &
$2
Canadian
$1'A
(quar.)
American
American
6-15
(quar.)
(quar.)_
preferred
preferred
•.
6-30
50c
(accum.)
Hoe_
Furniture
General
preferred
$2y2
$3
&
(accum.)—.
Marconi
$l3A
preferred
(accum.)
Fork
preferred
Malartic
25c
(quar.)
Co., 5%
Foreign Power, $6 pfd.
preferred
5%
Canadian
50c
(accum.)
(quar.)
$7
?
Canadian
75c
A
American
;
7
$7
(quar.)
Envelope Co.,
&
1
5-
$1%
____
preferred
American Express
6-
5-15
Inc.—
preferred
1%
American
,
preferred
Concord Gas
Quarterly
—
5-15
6-
—
4-30
5-22
5-22
Trust—
Investment
6- 1
.»
$1%
.
Co
American Can Co.
6-25
Ltd.—-
Shares,
6- 5
t$2
$1'A
$1%
(quar.)
7%
•»•/
5%
(Indianapolis)
Loan
Crum
4-20
J85c
¥$2
—
50c
(quar.)—
common
(quar.)
American
(interim)
5-26
6-30
—
Crow's
6- 4
6- 1
5- 1
4-30
5-15
4-30
5- 1
5-19
4-27
37'Ac
37'Ac
+10c
15c
J15c
$$1%
t$l'A
—
5-15
,5-10
$1.06'/4
(final)——
Corp., Ltd.—
preferred
International
Quarterly
8Vo
(interim)
B
6-15
25c
—
(quar.)
Common
6Vo
A
Class
7- 1
25c
5- 7
5-10
6- 1
6- 1
5-15
6- 1
7-1
6-15
5-15
5-15
6- 1
5-20
5-15
6- 1
6-15
2%%
37'Ac
62'Ac
(quar.)—
50c
Manufactures,
Amalgamated
Class
15c
6-15
_.
(quar.)_
common
(quar.)
preferred
4-30
' 15c
Co
common
(quar.)
5-10
87'Ac
common—
Cement
Common
7%
1
convertible
$4'/4
Commonwealth
6-15
$60
(quar.)
Power,
$1.25
Corp.,
(quar.)
preferred
Aluminum
,6-
1
Ale
68%c
preferred (quar.)
(irregular)
Bookbinding
4-20
S- 7
4-30
5-14
$l'/2 $3'A ,
25c
(interim)——
Stone, Ltd.
5-21
(quar.)
Corrugated Paper Box, 7% pfd. (accum.)—
Cosmos Imperial Mills, Ltd.
(quar.)
Coty, Inc. (irregular)
—
Crown Capital Corp., class A (irreg.)—
Crown Cork & Seal Co., Ltd. (quar.)
Crown Drug Co., 7% preferred (quar.)
•
5-20
5-28
$2'/2
(quar.)
5-12
6-10
5-15
5-15
5-15
Commercial Investment Trust—
4-30
5-15
5-15
5-31
5-31
5- 1
6-30
/••'"■.•y
pfd. A
5-28
$1
$1'A
$l'/4
$l'/4
5-10
Corp.—
convertible
$2.75
Commercial
Dominion
(quar.)_
B
Ginger
preferred
Pictures
Dominion
Bakeries, 5% partic. pfd. (quar.)_
Canadian Breweries, Ltd.—
$3.40 convertible preferred
(quar.)
Canadian Foreign Investment 8% pfd. (quar.)
Canadian Industrial Alcohol Co., Ltd.—
12-18
12-29
7-
7%
5- 1
4-30
5-15
5-15
5-15
4-30
5-15
5- 3
5-8
5-14
5-20
,
$1.7792
1
"
Canadian
9-21
,10- 1
>
$11/2
$2'A
preferred
50c
Aluminium, Ltd.,
6%
G'/o
Canada Crushed
6-21
1
shares held)
California
6-21
7-
$1'A
J
Mills, Inc
Allied
7- 1
$l'/2
pfd.
Corp.
preferred (quar.)
Water Service, 6V0
J$3.25
75c
dividend)
pfd. (interim)
Allentown-Bethlehem Gas, 7% pfd.
(quar.)_
Allied Laboratories, Inc. (irregular)
Alpha
5%
5%
(accum.)
(quar.)
(quar.)
preferred (quar.)
Steel Corp., 5r/c
Preferred
•/ Rec.
1
participating, one
of Amer. class B
A
20
.
Participating preferred (s-a)_
•
i
2nd preferred
(s-a)
————
Byron Jackson Co. (quar.)
Cable & Wireless (Holding), Ltd. Am. Dep.
Red. for 5Vz'/o preferred (s-a)—.
California Packing, common
(quar.)
Holder•
Columbia
Class
participating (s-a)
participating (accum.)
3-31
preferred
6%
Algoma
A
25c
Alberts Super
6c,'o
A
Class
common,
on
of
;; '«
class A com¬
•
5-15
4-14
preference (quar.)
preferred 5% series (quar.)
Dixie-Vortex
:
class
and
mon
1
10-
preferred
thereon)
(Stock dividend
5-10
Payable
30c
Co
Aeronautical
•
B
.
Wire
Acme
class
,
(quar.)—
6- 1
5-15
6-30
cum.
Cum.
Co., 7f«
quarterly
the
interest
5-
6-30
6-10
$lJ/i
15c
15c
37'Ac
$l3/4
—
(quar.)
preferred (represent¬
dividend of $1.75 and
7%
Co.,
5%
5%
(quar.)
common—.
Byrndum Corporation—
4
preceding table.
When
(quar.)
5-10
pfd. A <quar.)_
Columbia Gas & Electric, 6 r/o
Concen-
&
6- 1
25c
25c
Mining
convertible preferred
5%
week, these being given in the
Per
Sullivan
J3c
(quar.)
20c
Ltd. (interim)——
(resumed)
Line
&
Co.
10c
.i,
Burroughs Adding Machine Co.
Butler
The list does not include divi¬
paid.
(interim).
(Vancouver)
Co.
(quar.)
Eunte Brothers, 5% preferred
give the dividends announced in previous
we
(interim)
trating
share
weeks and not yet
—
;
Buckeye
5-4
6- 7
Inc.
Light & Power
Traction
Silk
Bruck
:
Z%
—
(quar.)
(quar.)—
Buck Creek Oil Co.
;
—
(quar.)
Extra
6
3%
'
rets.—
Inc.
Brooklyn Edison Co. (quar,)___
Broulan Porcupine Mines, Ltd
5-18
& Co., Ltd.—
(interim)
regis,
'•American
Fund,
Brager-Eisenberg,
5- 6
5-
$1%
Machinery—
preferred (accum.)_
5-14
5-14
(quar.)___
Bourjois, Inc., $23/4 preferred
5-10
5-15
25c
(quar,)_
C.), 7% 1st preferred (accum.)_
(interim)———
Co.
Boston
6-15
25c
common
<quar.)_
common
preferred
$3
(H.
Borden
Newspaper
prior
Woolworth
.
B.i
Corp.,
preferred
Bohack
M 5-15
5-17
6- 1
(quar.)
Steel
Blauner's,
5-20
7-1
Co., Inc.
Birmingham Water Works, 6V0 pfd.
5-20
6- 1
$1'A
50c
50c
(quar.)
preferred
Wood
$l,/2
&
5-21
5-14
5-7
6- 1
6- 4
6- 4
7- 1
7- 1
5-15
$1'A
$1%
40c
$1V2
1%
$l'/2
75c
$1
30c
16c
683/4c
50c
t75c
$50e
tlOc
$1%
f i J3c
JlOc
(quar.)
Bethlehem
5-21
5- 4
5-15
5-15
5-15
6-1
com
(quar.)
preferred
Carbon
Columbia
Consolidated
6- 1
5-11
$1
J3c
50c
(quar.)
(Interim)
Spinning Associates,
preferred
$7
7%
6-1
t20c
Department Stores 7pfd. (accum.)
Spencer Steel (irregular)
Williams
5-29
55c"
.__
guaranteed (s-a)_
Water Service—
special
Virginia
Wickwire
•
(s-a)
common
partic. preferred (quar.)
Jersey & Seashore RR.—
West
;
B,
•
5- 1
Fine
$5
Corp.—
cum.
West
Berkshire
Ltd.
5-10
___
Ltd., common ts-a)
Colgate-Palmolive-Peet", common (quar.)
$4'/4 preferred
(quar.)
Consolidated
5-25
6- 8
¥$1%
20c
Co.
Mines,
4-23
5-15
5-17
6- 1
6- 1
6- 1
6- 1
15c
37'/2c
J$1
(quar.)—__
6- 1
6- 1
t25c
12'Ac
$1.06'/4
(Interim)
Gold Mines
Willans
Cochenour
Cook
(quar.)
National Bank (Bklyn.)
River
5-14
5-14
4-30
Ltd.—
Co.,
Inc
Heminway
Berens
5-15
5-15
4-21
4-29
5-15
$16-1
$1
5-12
50c
6- 1 '
40c
6-12
$1'/# ' •' 6-15 Y '
____________
Utica & Mohawk Cotton Mills,
Vick Chemical Co. tquar.)__
Walgreen
t75c
$1%
$2'Ac
________—
pfd.
,
6- 1
6- 1
5- 1
(quar.)—
& Paper
(quar.)
Bensonhurst
' ,
6-15
„
(inital)
common
7- 1
Mills,
Belding
4-30
Co.—
_______—__
Co.
(quar.)
Preferred
-5-17
5-15
Oil
(quar.)
(irregular).—
Insurance
Belding-Corticelli, Ltd., common
7% preferred (quar.)
Best
.
(monthly)
—___—
common—t—_—
(quar.)
Co.
H.)
Power
A
Beaunit
5- 7
5- 7
22>Ac
pfd.
conv.
U. S.
Class
50c
$3
50c
7c
5c
15c
J$l'/2
f$2!/2
$1
25c
15c
(resumed)——1
(quar.)
& Shippers
Bathurst
5-25
6-19
6-19
6- 1
23/a% L;
Bonus
U. S.
1
6-10
12'A'A
Extra
United
Montreal
Toronto
(W.
6-1
5-15
$25c
of
of
87'Ac
50c
stock (quar.)—___——
guaranteed (quar.)—
Special
Connecticut
Corp.
Show,
Bank
Barber
5-10
8- 2
11- 1
6-15
6- 1
$4c
,
(quar.)
Bank
Bankers
6-15
5-10
6- 1
6- 1
6- 1
-
common
preferred
6%
$iy2
$1%
$iy2
70c
(participating)-
Radio
Baltimore
3-20
(irregular)..
5'A%
Elevators,
Tank
United
Co.
5-31
5-31
5-10
6- 1
5- 1
RR.—
Products
Avondale Mills,
6- 1
5-20
,1c
Bearing
6-16
6-16
6- 1
$2y2
62y2C
62'/2C
15c
75c
(quar.)___
Co., common
$3 preferred
4-8
6-
(interim)
common
preferred
Line
Coast
Automatic
5-15
5-7
6-15
Co.,
Dry Goods,
Barnsdall
$1%
70c
50c
preferred
(quar.)___„
Commonwealth
$1.40 conv. pfd.
non-cumulative
Autocar
5-17
(quar.)
4-17
$l'/2
25c
$1
preferred (s-a)
Atlantic Rayon Corp., $2.50 prior pref (quar.)
$2.50 prior preference (quar.)
—
Atlantic Refining Co.___
Atlas Corp., 6%
preferred (quqr.)——__—
Aunor Gold Mines, Ltd. (quar.)
__2—
5%
Stromberg-Carlson Telephone Mfg.—
Superior Water & Power, 7'i'o
5-15
5-11
,
Pittsburgh RR.—
&
Regular
of Rec.
6- 1
$iy4
Colorado Fuel & Iron_________
7- 6
5-15
5-15
6- 4
5-25
4-23
5- 7
5-29
5-31
5-10
5-10
6-19
6-19
5- 1
4-17
common
f
5-17
5-28
Power,
(accum.)
6% 1st pfd. (quar.)_
7% 2nd preferred (quar.)
Atchison Topeka & Sante Fe Ry.__
5-15
12Vic
(quar.)
(Interim)
(s-a)
convertible
Associated
5-15
5-15
12 Vic
Corp.
Extra
preferred
4'/o
5-15
6-15
(s-a)
(s-a)
Corp.
Asbestos Mfg.,
5
50c
(quar.)
common
common
Armstrong Cork
5-25
45c
(s-a)
Oil
Atlantic
25c
(quar.)__
Jersey
Co.,
.
(s-a)—
(quar.)
Arkansas-Missouri
1
50c
of
6-30
6-1
5-15
5-29
6-15
7- 1
6- 1
6- 1
7- 6
Extra
(Detroit)—
Quarterly
(quar.)i,
preferred
5%
Co.,
$4.50 preferred
(s-a)__
Anglo-Canadian Oil Co., Ltd.
5-20
7-20
6-19
6-15
' 7-15
B
Foundries
Amoskeag Co.,
Co., Ltd.—
Canada
partic.
15c
$1%
50c
50c
50c
12y2c
75c
75c
75c
$2.25
$4c
15c
Refining.___
&
Tobacco
5-20
6- 5
6- 1
6-15
Smelting
When
Payable
+4c
5-29
Cleveland
Holder•
Per
thare
(quar.)
Cockshutt Plow Co.,
(irregular)
Safety Razor
American
Argo
6-21
•
(quar.)
Steel
Class
6- 4
9- 3
12- 3
25c
>
common
American
1
Co.—
(accum.)__—____v-_
&
Standard
Sanitary
preferred
American
Alsop Paint & Vamisli—
Southern
Service
6-15
9-15
12-15
"
Radiator
American
5-22
6-15
Public
Corp.,
l'/o
6-25
9-25
7- 1
10- 1
$1%
(quar.)
(quar.)
preferred
American
6-15
5-15
6-15
25c
____
%
'
Name of Company
50c
50c
$1.75
$1.75
$1.75
(quar.)
pfd.
Paper Goods Co., 7c/o
American
7
>7■
9/Itea.
City Water of Chattanooga, 5% pfd.
—
___
preferred
preferred
7%
Co.—
Power
&
preferred C
deb
A
RR
Stockyards (quar.)
Elec.
5-15
•
—-
class
deb. preferred
15c
30c
25c
50c
25c
—
Co.—
Whitehall
St. Paul Union
6Mi"k
:
(Helena),
&
—
5-15
5-17
5? 1
5-10
5-25
5- 5
6-21
25c
Purity Bakeries Corp.
Regina Corp.
(irregular)
Republic Insurance Co. of Texas (quar.)
6- 1
6- 1
5-15
5-25
6-15
5-15
7- 1
$1%
(quar,)
6-10
6-19
6-19
37Vic
(Montreal)
6-30
7-15
7-15
$1.05
preferred (quar.)
non-cum. partic. preferred (quar.)
1st
6 %
5-20
t$l'A
25c
(interim)--,,
Corp. of Canada, common
6%
6- 1
tl5c
J$1'A
t75c
(quar.)
Holder*
When
Payable
—
10c
Quarterly
Quarterly
5-15
6- 1
(Mobile)
American National Bank & Tr. Co.
5-18
6- 1
$1.50
Per
thare
Holder<
When
.
.Payable
$1.75
(accum.)
Co., 7'h preferred
■■
iftare
,
Works
—
;
25c
J25c
87'Ac
$13A
$25c
t25c
25c
6-
1
5-21
6-15
5-15
6-
1
5-14
6-
1
5-14
6-19
5-29
6-19
5-29
6- 1
5-
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
1
>:
AAA v'.;
vA'' PeT
.
Name of Company
Foster Wheeler Corp.,
Gabriel
——
—_
General
Acceptance Corp., $1 pfd. (quar.)__
$lVa series preference (quar.)_
7A
convertible preferred (quar.)—;
—
General
6A
Brewing
Corp.,
convertible
(initial)—
(quar.)————.
common
preferred
General Cigar Co., common-—_
7 A
preferred (quar.)—
Foods Corp.,
General
(quar.)_
common
"vA-
37'Ac
7-
1
6-15
Lion
37VaC
10-
1
9-15
Lionel
50c
$1%
6-
1
5-14
7-
1
6-21
10c
5-25
5-15
25c
37'Ac
5-15
5-
5
5-15
5-
5
35c
5-15
5-
5
25c
15c
25c
$1%
40c
6-30
6-15
partic. class A
6-30
6-15
5-12
1
—
5-15
5-
preferred
$6
Co.,
4'A A
Globe
7%
(quar.)_
pfd.
(interim)
preferred
(quar.t
Democrat
Publishing, 7% pfd. (quar.)
Gorham Mfg. Co,_
■;
Gosnold Mills. 5 A prior preferred (s-a)
Granby
Consolidated
Mining
Smelting
&
Co., Ltd.
Power
(quar.)—
5-15
Hamilton
Watch
preferred
6A
Harbison-Walker
6A
Refractories
preferred
1st
6%
25c
Co.—
Powder. Co.
6A
pfd.
(quar.)
<quar.)„
common
$4 convertible preference (quar.)
.
Heyden Chemical Corpti 4 'A A pfd. class A~_
'Monthly
__________
—
Oil
E.)
Co.___:
Ltd
Co..
Ltd.
Honey Dew,
_
(quar.)
Hooker
Electrochemical
Hormel
(Geo.
(quar.)—
6-
(A. C.)
(quar.)—
common
(quar.)„
partic. pfd.
Co., 6 A
preferred
partic.
7%
non-cum.
Horn
& Hardart
(N. Y.), 5% pfd.
——
Huston
$3
Peanut Co.,
(Tomi
convertible preferred
preferred
Illinois-Iowa
(quar.)
Zinc
Illinois
(quar.)-
—
——
Co.—
Power
convertible
5'A
(accum.)——.
—
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)—
—
_
Indianapolis Public Welfare Loan Assn.—
Quarterly
———
Ingersoll-Rand Co.
■—__A— —
(quar.)
Steel Co.
Inland
$1.10
6-19
7-
1
6-19
6-
1
5-14
6,
,
MacMillan
Madsen Red
Lake
Magnin
5-28
l v
6%
Manhattan
-
Marion
4-23
6
4'A'A
25c
5-31
5-21
6-20
7-
1
6-22
Ohio Oil
20c
5-31
5-15
Okonlte
Co.,
$1.50
6- 1
5-17
Ontario
&
$1'A
6-1
5-20
6-
5-15
6-15
5-10
7-
6-15
1
6 %
B
6-
1
5-11
6-
1
5-17
6-
1
5-11
6-
1
5-11
Ltd.
6-21
Merritt
6 %
5-
5
75c
$13A
$13A
$13A
5-15
5-
5
6-30
6-21
9-30
9-20
1
5-10
7-
8
$1
66-
1
(quar.)
£
Mines, Ltd. (interim)
Mills, 5 A preferred (quar.)
Jones & Lamson Machine (quar.)
——
Special—
—
——
—
K. W. Battery Co., Inc. (quar.)
Kable Bros., 6% preferred (quar.i.
Kalamazoo Allegan & Grand Rapids RR. Co.—
Mountain
Jantzen Knitting
.
Semi-annual
6-
1
5-14
50c
$1M»
$13A
75c
30c
30c
30c
£5c
6-
1
4-30 !
——
(quar.)
Keith-Albee-Orpheum Corp—
7 A
convertible preferred (quar.)
Co.,
pfd.
$6 partic.
(quar.)
Participating
Jr. pfd. <quar.)_
Key Company (irregular)—
:
Kinney (G. R.) Co., Inc.—
$6 prior preferred (accum.)
Kentucky Utilities Co.. 7A
Klein
& Co., common
(Emil D.)
Fund
Knickerbocker
—
(quar.)
(quar.)
60c preferred
Knudsen Creamery,
Koehring Co. —A
—
—
Inc. (initial)
Kroger Grocery & Baking, common (quar.)—
6'A
1st preferred (quar.)
i
Kresge Department Stores,
preferred
2nd
7A
(quar.)
—
Kysor Heating Co. (quar.)—
Lake of the Woods Milling, common
7A
Machine,
common
Common
(quar.)
(quar.)
(quar.)
Common
;———-——
——
preferred (quar.)
preferred (quar.)
preferred (quar.),
Lane Bryant, Inc.__—_—-—
7A
7A
---
:
■
-
Extra
Gold Mines, Ltd
convertible preferred (accum.)——
Lanston Monotype Machine Co. (irregular) _
La Salle Wines & Champagne (irreg.)——
Laura Secord Candy Shops, Ltd.
(quar.)-Leath & Co., $2.50 preferred (quar.)____—
7A
4'A
LeTourneau
(quar.)
——
(R. G.), common (quar.)_—
preferred (quar.)——
Lexington Water, 7A preferred (quar.)—
Libby-Owens-Ford Glass —
———
Liberty Aircraft Products Corp.—-——$4.50 convertible
Life
Savers
Gold
Mines
.Quarterly
Link
BClt
0 y2 A
Co.
5-15
5-15
Common
Common
(quar.)
912-
1
$55'Ac
6-
5-
1
1
J4c
5-10
6-11
5-21
$i'/2
$1%
37'Ac
6-
1
5-15
6-
1
5-15
5-15
4-30
62'Ac
(quar.)
■;
7-
6-15
(quar.)
15c
cumulative
class
A
(quar.)___
cumulative
5.10A
1
5-
5-15
1
6A
preferred
5-21 ;
Monmouth
1
5-5
1
5-13
6-
1
preferred (quar.)—
Spinning Co..
Monsanto Chemical Co., $4.50 pfd. A
9-
1"?
5-10
5-25
4-23
1
5-25
6-
6-10
66-
5
5-15
5-
6
5-15
Monroe
5-15
7A
Cottons,
Finance
Motor
4-16
5-1
1
7-1
6-11
7- 1
6-15
6-11
4c
6-15
5-15
6-12
5-10
6-2
Prosperity
4-30
Proctor
5-15*
Potomac
6% preferred
i-y'S'-'/sf
1
1
9
5-15
Public
5-25
$5
(quar.)
5-10
$l'/a
$L90
87'/2c
15c
6-
1
6-
1
$1.50
25c
8c
15c
50c
25c
50c
$l'/a
$1SA
10c
$30c
25c
25c
25c
$l3/4
30c
$10c
T50c
t50c
$50c
50c
10c
$20c
62'Ac
?2c
25c
$lVa
$13A
25c
25c
5-10
Motor
5-10
Mt.
5-20
5-
1
1
5-15
5-
5-25
Products
6-21
Mountain
5-20
4-30
5-25
5-15
5-31
5-15
Mutual Chemical
7-
5-10
4-30
6-
1
1
2
7-19
preferred
(quar.i
Utilties,
6'A A
pfd.
(quar.)
(irreg.)
5-15
5-
3
Nashawena
6-
1
5-
3
Nashville Chattanooga & St. Louis Ry.
6-
1
5-
Mills
3
National
Acme
5-15
5-
5
National
Auto
8-16
8-
6
6A
5
6 A
11-15
6-15
9-15
12-15
11-
6-5
9-4
12-
;
conv.
preferred
Biscuit Co.,
Preferred
common
(quar.)
1
5-13
National
5-25
5-13
2
6-10
National Cylinder Gas (quar.)
National Electric Welding Machine
5-15
5-15
6-
7-
Casket
Co.,
Quarterly
common
1
4-30
6-
1
4-30
National
Lead, 7A
3
National
Linen Service Corp.,
6-
9-3
12-11
12-
3
Neisner
Haven
Jersey
1
6-15
2
7-14
New
7-
1
5-14
Newport
10-
1
9-14
5-15
4-15
:
Clock, 6 (A A pfd. (accum.)
Zinc Co.———
News Shipbuilding & Dry Dock—
$5
preferred
1
5-
9
New York
6-
1
5-
9
New
6-
1
5-11
6-15
5-28
5-14
5-
4
6-
1
5-
1
6-
1
5-11
/
—
(irregular)
$5 non-cumulative
Hundred
Nineteen
Class
A
5-11
Nonquitt
7-26
Noranda
30c
1
10-25
preferred (quar.)_
Corp., class A (quar.)—
6-
1
5-6
$4
7-
1
6-15
Common
Mills
—————
Western
adj. preferred
(quar.)
5 A preferred (s-a)
Reading Company—
4A non-cum. 1st preferred (quar.)
(quar,)
40c
6-
1
(quar.)
40c
9-
1
8-16
40c
12-
1
11-15
15c
15c
8-
2
7-15
8-
1
5-15
5-15
6-17
9-16
12-16
5-15
5-
1
5-10
8-10
6-
1
5-14
7-15
5-29
5-15
6-11
6-10
5-12
5-11
4-30
non-cum.
Republic
6%
Investors, Fund,
preferred
class A
(quar.i
6% preferred class B (quar.)_
»
Republic Petroleum, 5'AA pfd. A (quar.)—
Reynolds (R. J.) Tobacco—
Common
(quar. interim)—
Class
B
(quar. interim)
Rice-Stix Dry Goods, 7 A
1st pfd. (quar.)__
7A 1st preferred (quar.)
7A 2nd preferred (quar.)
7A 2nd preferred (quar.)
Rochester
$1'A
Button
(quar.i—
common
(quar.)—
(quar.)
preferred
convertible
(quar.)
5-31
5-15
5-
1
5-14
1
5-
5-10
6-10
1
5-20
5-15
6-1
8- 2
7-15
1
5-12
5-21
1
Seaboard
8-
2
Sears
11-
1
Seattle Gas, $5
—
$2
convertible
5-19
6-10
4-30
5-22
preferred
Oil Co.
Roebuck
(Del.)
&
Co.
5- 5
5-15
4-30
5-15
5-15
5-10
5-10
6-1
5-11
7-1
12-23
7- 1
12-23
5-13
6-15
12-15
6-15
12-15
5- 3
5-15
5- 5
5-15
6-12
8-1
8- 1
5- 5
5-28*
7-20*
7-20*
(quar.)
(accum.)
5- 5
5-20
5-30
5-24
5-30
5-24
25c
6-15
6-
6-10
5-10
$1
—
5-15
6-14
75c
(quar.)
50c
50c
50c
'
(quar.)
(quar.)—
1st preferred
5-20
5-13
5-13
5-13
6- 1
5-15
$1
25c
5-10
6-1
4-30
5-13
7-
1
6-22
7-1
6-22
1
Security Title Bldg.
(Los Ang.)—
participating preferred (accum.)
Inc. (quar.);
Shamrock Oil & Gas, 6 A preferred (s-a)____
6A convertible preferred (s-a)
$7
Servel,
$1
$2'A
—
——
Seaboard Finance Corp., $2 preferred
7
5-14
;—
—___—
Co.—_______
Lace
5-
A 4-27
common
—
5-
A
Board,
participating preferred (quar.)
Scott Paper Co., common (quar.)
$4 preferred
(quar.)—
$4.50 preferred (quar.)
Scotten Dillon Co. (irregular)
$2
Scranton
6- 1
6- 1
6- 1
6- 1
5-15
6- 1
6- 1
6- 1
6- 1
5-20
5-15
6-15
9-15
6-15
9-15
$3
$3
$1'A
$1'A
25c
20c
50c
45c
$1
$1.12
20c
——
Wall
4-26
4-26
$l'/g
preferred (s-a)
3A 2nd preferred
(s-a)—
3A 2nd preferred
(s-a)__
Savage Arms Corp.——
1st
Schumacher
5-15
5-15
7- 1
10- 1
7- 1
10- 1
37'Ac
$l'/4
$1'A
$1'A
tl5c
t$l'A
$$1.50
15c
62'Ac
25c
25c
(quar.)
$1
6%
5- 5
$1%
$l3/4
Royal Bank of Canada (Montreal) (quar.)—
Rustless Iron & Steel Corp., com. (quar.)—
$2'A
7-15
35c
35c
$1%
$l3/4
preferred (quar.)
5A pfd. E (quar.)
preferred series C
6A preferred series D
Rolland Paper Co., Ltd.,
preferred
2
5-15
Co.—
convertible
6A
6A
5-15
683Ac
Rochester Gas & Electric,
6-15
*
5-20
(quar.)
Inc.—
Railway Co.—
(quar.)—————
4-15
(quar.)
1
6-15
10-20
6-10
5-13
preferred
12-
.5-14
11-1
25c
8-16
$1
$$1
1
Mills—
$l'/4
—
1
7-
50c
1
—
(quar.)-
V;-;
6-11
7-
$2 (A
Rath Packing Co.,
7-31
50c
50c
1
preferred
6-
1
6-14
6- 1
5-15
8-16
11-15
4-19
$1.25
6-21
$134
$l'/4
5-25
87'Ac
5-
50c
Mines, Ltd.
Norfolk &
(quar.)
class B
1
(quar.)
1
preferred
7-
(quar)—
Class A
$25c
5-28
preferred
11-10
6-
5-29
non-cum.
7-23
50c
5-
6-15
6-18
9-20
non-cum.
10-20
$1.25
5-29
25c
A
$1.60
York & Queens Electric Light & Power-
Common
$1'A
5-10
A:
7-15
10-15
6-15
$1.60
8-2
50c
(quar.)_
Air Brake Co.„
5-28
50c
25c
A-
Common
6-
5-28
A
$1.60
10-30
$1%
$1
5-14
6-30
6-30
•/AyA.-.-A
convertible preferred (quar.)
St. Joseph Water, 6A
pfd. (quar.)_^
St.. Louis Bridge, 6% 1st preferred (s-a)_—
-
6-15
$l'/4
Saco-Lowell Shops, common—
—
4-15
5-14
5-14
5-15
5-12
6-
5-15
6-15
6-15
5-20
5-25
$2
5-15
5-14
5-15
6- 3
6-15
6-15
6-15
6-1
6- 1
6- 1
9- 1
$iy4
1
$l'/4
4
(quar.i
6-
6-15
America—
1st
4-23*
1
$l'/4
5-18
Neptune Meter Co., 8A pfd. (quar.)_—
Newberry (J. J.) Co., 5% pfd. A (quar.)„—
5-15
6-
$1%
6-
Paper & Type, 5 A preferred (s-a)_
7- 5
$2
(quar.)
6-1
„
5-10
7-
(quar.)
25c
(initial)
4-24
7-15
5-15
50c
50c
(quar.)
preferred,
Common
4-15
5-10
$1%
(quar.)—________________
6-15
—
4-30
8-
of
cum.
cum.
5-15
$l'/4
(quar.)
$1%
5-21
New
$5
5-1
25c
25c
$1.25
25c
com.
——
Bros,
5
Corp.
$3.50
5-15
5-15.
5-15
$1'/*
$1'/B
1
6-
5-
2c
(quar.;_
5-20
5-31
8-26
5-12
20c
$4.50 pfd. (quar.)
preferred A (quar.)
Common
National
5-26
11-25
6-
class A
Radio
2c
6-
6-11
(irregular)
—
National Gypsum.
9-11
(quar.)
com.
preferred
6- 1
6-1
Inc.—
1
1
6-
Indiana,
1
9-1
12- 1
5-15
6-
8A
of
7-
1
15c
25c
30c
$1.75
25c
—_
5-18
5-15
$1%
$1»A
t2c
50c
10-
15c
15c
(quar.)
(quar.)
1
(quar.i
1
1-3-44
5-14
(quar.)—
Bearing Metals Corp.,
National
pfd.
1
6-
Quaker Oats, 6 A preferred (quar.)
Quaker State Oil Refining Corp
Quebec Power Co. (quar.)_
50c
6A
preferred
6-
(quar.)
5-
5-15
7- 1
10- 1
6-28
9-28
12-28
Co
Fibres
convertible
National
4
(irregular)
convertible
5-15
37'Ac
$1
(quar.)
9-15
$4.12'A
37'Ac
Puget Sound Power & Light —
$5 prior preferred (accum.)
$5 prior preferred (accum.)
Pullman, Inc.
;
5-31
$1'A
$1'A
$1'A
t81',4c
(quar.)—
Nanaimo-Duncan
5-26
5-10
5-31
of America—
Co.
preferred
preferred
6A
6-17
8-
6A
5-11
7-
6A
,
1
50c
lc
15c
25c
$2
50c
$1'A
(irregular)—
Corp.
l
(quar.)_
Public Service Electric & Gas, $5 pfd.
7A
1
10-
(monthly)
(monthly)
Regent Knitting
(reduced s-a)
Muncie Water Works. 8 A pfd.
(quar.i
Muskegon Motor Specialties, $2 class A (quar.)
Muskogee Co., 6 A preferred (quar.)
8-
$1%
Supply
5-10
Co.—
—
Fuel
6-
(quar.)———
(quar.)——
Corp
Mountain Producers
11-
----——
$1
$1
50c
Diablo Oil Mining & Development
Quarterly
5-10
1
$1
(quar.)
Quarterly
Quarterly
preferred
1
5-14
75c
Corp. of N. J.—
(quar.) -—__—;—
preferred
5-10
1-3-44
Service
preferred
preferred
6-1
6-15
—
cum.
6A
6- 1
6-1
6- 1
6- 1
6-15
6-15
5-29
preferred
(quar.)
preferred,
7A
$2.25
$2.25
$2
34%c
50c
t$l
$$134
25c
—
Co.
10-
1
+2c
Gamble Co.
&
preferred
6 A
pfd. (quar.)
Society
5 A
5%
1
5-15
5-14
pfd.
5'A A
>
10c
(quar.)
4-27
$1.75
$1
7-
75c
Co.—
Power,
Co.,
Common
6-
(s-a)_
6A
Powell Rouyn Gold Mines (Interim)—____
Pressed Metals of America—
6-
(quar.i
Industrial
Electric
10-22
Ltd.—
Privateer Mines, Ltd
$1'A
Plan
Co.,
6-11
Quarterly
Morris
&
5-1
Quarterly
1
Johnson
1
6-
—
5-11
1
5-20
(quar.)_
5-15
5-
5-11
6-
5-24
Mills
6-
5-15
5-20
6-1
$i'/2
Ordinary registered (final)
Pitney-Bowes Postage Meter Co. (quar.)___
Pittsburgh, Bessemer & Lake Erie, RR. Co.—
Semi-annually
•;
Pittsburgh Steel, 5'A% pfd. (accum.)______
Poor & Company, class A
(accum.)——
50c
Moody's Investors Service, Inc.—
$3 partic. preferred (quar.)
Moore (Wm. R.) Dry Goods, (quar.)
9-15
1
20c
Plnchin
1
10-
common—___
4-30
$l'/4
(quar.)
common
Corp.
1
6-20
5-15
preferred (quar.)
75c
30c
common
C
Monsanto Chemical Co.
Montreal
5
6-10
(s-a)„
(s-a)
Loan Society, 5'A A
preferred
$4
11-10
1
6-
5-12
Flour
Public Service
;
5-11
6-
$l»/2
Extra
Ai 50c
$4.50 preferred B
8-10
1
12-
Water
5-1
$134
5-12
1
—
$7
6-1
5-28
1
37'Ac
Monomac
4-15
$1.27'A
5-28
96-
$2
6-
2-5-44
5-15
Co.—
Governor
9-5
1
•
8- 5
11-5
25c
Pillsbury
1
6-15
25c
8-15
11-15
2-15-44
(quar.)
50c
—
5- 5
35c
25c
Pierce
$1.62'A
9-15
12-15
5-15
5-
1
10c
1
1-1-44
35c
5-15
a
10-
50c
5-15
1
6-
1
prior preferred^—:——
6-15
J75c
7-8
;
5-15
4-24
1
6-
6-
9-
5
6-
AA
1
5-15
7-
30c
6-
5
6-
preferred (s-a)
5-12
35c
$3
preferred (quar.)
5-31
50c
5
9-
7-
5-15
5-20
50c
6-
50c
5-15
1
6-1
Philadelphia TransportationParticipating preferred (irregular)
Phillips Petroleum Co. (quar.)_
!
6-12
Consolidated
;___
(quar.)
Philadelphia Suburban Wateiv
6-
$1%
5- 9
6-1
______
$1
(accumulated)
—
■
A
$1%
6-
6-10
class
(quar.)____
Pennsylvania State Water, $7 pfd. (quar.)__
Peoples Water & Gas, $6 pfd. (quar.i
30c
(s-a)__
6-19
5-10
50c
preferred Class A
30c
(irregular)
6-30
6-
4-20
35c
(quar.)—
25c
25c
:
<quar.)_
$1
A
Penmans
10c
Hart,
class
$1.40 cumulative class A (quar.)
Ltd., common (quar.)
Pennsylvania Electric Co.—
4-20
15c
cumulative
$1.40
1
433Ac
(initial)—
'
:
$1.40
$1.40
433Ac
6-19
25c
(quar.)
5-17
1
40c
(quar.)—
——
preferred
6-10
5-15
1
5
(Ind.) (Quar.)_
Liggett & Myers Tobacco, common
Class B (quar.)
—
Lincoln Nat'l Life Insurance
1
6-
6-30
67c
(reduced)
5-24
25c
pfd.
(quar.)
5-20
5-31
$3'A
1st
—
1
„
common
6A
common
1
$3'A
—
5-15
6-
40c
(quar.)—
Extra
6-10
7-
Co.,
75c
—
—!
Parkersburg Rig & Reel, common__—__
25c
Pato Consol Gold
Dredging (interim|15c
Peerless Woolen Mills, 6'AA pfd. (s-a)_____
$1.62»A
Peninsular
Grinding
WheeL—
10c
Peninsular Telephone, common (quar.i
50c
5-11
1
Pictures,
Pen
6-
1
40c
(quar.)
Corp.
Parker
6-
6-
37'Ac
preferred (quar.)—SI
preferred (quar.i—$1
Mines, Ltd.
6-
Paramount
6- 2
5-
Lehigh Portland Cement, common (quar.)—
4A
5
5-15
+»c
—
Langleys, Ltd., 7% conv. preferred (accum.) _
7A convertible preferred (accum.)
—
Leitch Gold
5
6-15
25c
75c
17'Ac
—
——
—
—
8-
11-
75c
$1'A
$1'A
—
(John A.) & Sons (quar.)
—
Lansing Co. (quar.)—————
Lang
Lamaque
5c
$1.50
$l3/4
$13A
25c
7A
Extra
3°c
W3A
preferred (quar.t
Landis
8-14
11-15
$13'4
Kayser
Kendall
$114
20c
$2.95
———
(Julius) & Co._
Kearney & Trecker Corp.
5
—„
group
Common
Island
5-
25c
<
$1
———
Securities, Ltd.—
shares—.
——__
International Business Machines (quar.i____
International Harvester, 7'A pfd. (quar.).—.
International Silver Co.———.
Iron Fireman Mfg., common (quar.)
Common
(quar.)
Aviation
4-20
433Ac
•
Institutional
5-10
5-20
5-15
25c
Minneapolis Brewing Co. (irregular)
Minneapolis-Moline Power Implement Co.—
$6.50 convertible preferred (accum.)
Missouri Utilities, common
5'A preferred (quar.)__
Mohawk Carpet Mills
5-10
'
5-14
$1%
National Bank (Chicago)
Chapman & Scott—
&
4-30
7
50c
(quar.i—
7% preferred series A (s-a)
7% preferred series B (s-a)
5-
Miller
4-16
5-20
1
$1.50
t
5-15
5-15
5-15
8'A
31'/4c
5-25
$l'/8
$2 non-cum. preferred (quar.)
Midwest Oil, common (reduced)
4-22*
5-15
4-30
6-15
25c
8A
6-
5-15
7-1
Mickelberry's Food Products (s-a)__
Mid-Continent Petroleum (irregular)
Midland Steel Products, common (quar.)
12-20
4-30
34%c
Lighting Corp.
Machinery Co
Pacolet Mfg., common
Messenger Corp.
12-30
5-15
Package
25c
common
preferred A
5-
37!Ac
Pacific
(quar.)
preferred
5-15
5-18
5
25c
(quar.)
Stores,
5-15
preferred
75c
(quar.)
preferred (quar.)
preferred (quar.)
7%
12-24
$3c
(quar.)___
'
Co
6-1
$5
—
$iy2
$1'A
(Interim)
Merchants
6-30
1-3-44
Glass
5-25
50c
5
preferred
6%
9-21
Acceptance Corp. of Calif.—
Mercantile
•
Sl'A
25c
(initial—s-a)
preferred
Mfg
$l'/4
$3
common
Mercantile
5%
&
(accum.)—™,.
5-
(quar.)
1
b%
4-29
Marine
4-15
:
Y.i——
5-
Stores
5-
5-12
5- 6
5-15
(s-a)
preferred—
5-15
5-14
5-20
5-15
(quar.)—a
Meier & Frank Co., Inc.
5-14
5-25
50c
50c
(quar.)
1
5-15
5A
Co.
5-
1
6-21
5-15
pfd. (quar.)—
5'AA preferred (quar.).—
5A preferred
(quar.i
$iy2
5-15
1
4-15
6-21
50c
:
preferred
7
1
5-1
5-1
5-15
20c
$1.62'A
5-
6-
6-1
6-1
6A
5-28
6-
J$3
t25c
(quar.)____
$iy8
Outboard
1
5-14
f$l3/4
Gas & Electric,
10-
4-30
5-11
6-1
(quaK)_
Pacific
Telephone,
6-
12-
5-28
1
Elevator, common
preferred (quar.)-
6-19
Mines,
$5.50 preferred
25c
62'Ac
20c
25c
1
6-
6-15
$2'AA
(s-aI—
common
7-1
Lake
preferred
11-20
7-
5
$1'A
<s-a>_
common
$1.62JA
$1.62Va
(Phila.)
$6 preferred A iquar.)
5%
1
6A
4-26
5-21
25c
.
(quar.)
(N.
Corporation,
Meadville
12-
Quebec Ry„
perpetual debenture
7A preferred
Otis
preferred
Insurance
Shovel,
Red
8-20
6A
Fire
5-15
McMarmac
8-20
5-15
t25c
-v
Pacific
4-24
Mead
5-20
1
5-
j$i3/4
;
Owens-Illinois
Department
7-20
1
1
9-
$1'A
McClatchy Newspapers, 7% preferred (quar.)
7'/o preferred (quar.)
7% preferred (quar.)
Mclntyre Porcupine Mines (quar.)_
6-15
6-
9-
25c
6-15
5-15
75c
(quar.)___-
common
Oxford Paper,
May
1
25c
$l'A
6-10
6-30
30c
(quar.)
Co..
4-16
May McEwen Kaiser
7-30
preferred
4-30
4-21
5-28
Ogilvie Flour Mills,
5A
6-15
15c
Ontario Steel Products,
•
5.2o
1
(accum.)_.__—
6-30
—
1
7-
Moffatt & Co.—
class AA
$2
7A
6.
87'Ac
(quar.)
(quar.)
11-20
5-
6-25
$1.50
5-20
$iy2
pfd.
7'Ac
Co.
$1
Corp., common (quar.)
preferred (quar.)—
5-18
O'Connor,
4-30
4-30
1
Co
1
4-24 }
5-10
4-30
6-1
5-10
6-
(quar.)
5-15
5-15
4
6-1
12'Ac
Corp.
Insurance
5-15
5-15
5-15
Occidental
Nu-Enamel
25c
common
Shirt
Steam
4-30
—
——
1
Pharmacal
5-
1
$13A
6%
preferred (quar.)
preferred (quar.)
6%
5-11
6-1
Co.,
Norwich
1
6-
5-25
5-25
-5-10
$l34
(quar..)______
Rubber, 7 A
(s-a)—
& Co.,
5-18
6-156-
preferred
(I.)
11-24
6-
of Rec,-
20c
(s-a)-
Service, 7A pfd. (quar.)
6'A% preferred (quar.)—
(quar.)—
:
5-17
7
.
preferred
Norwalk Tire &
25c
(irregular)
5-
1
6-1
12-10
Public
Noldere
6-10
25c
(quar.)
Co.
5-14
1
6-
-
^
6A
$1
Common (irregular)
Lynch Corp. (irregular)Lynchburg & Abingdon Tel.
Mackintosn-Hemphill Co.
4-30
1
•
preferred
(irregular)
Co.
<quar.)_
common
preferred <quar.>__
Huttig Sash & Door, 7 A
7%
preferred (quar.i
7 A
6V2%
5
5-15
7-
7-
83'4c
$.1'A
30c
$1'A
$1'A
$1%
683Ac
Horn
5-
5-15
5
5-15
(quar.)—
(quar.)—
Houston Light & Power (monthly)
Hummel-Ross Fibre, 6 A preferred (quar,)—
Huntington Water, 6% preferred (quar.i—
7'A
preferred (quar.)
Hussmann-Ligonier Co., 5(A A pfd. <quar,i__
preferred
5-
5-15
7-20
(quar.)—_
6A
Steel
8-25
Northwestern
r.
(initial)-
Lunkenheimer Co.,
6'A % preferred
5-14
1
50c
$2c
$1'A
75c
$1
81%c
15c
15c
15c
50c
$1.50
45c
& Co.,
A.)
Lukens
t50c
40c
(monthly)—
—
Monthly
Home
-
30c
U5c
Hibbard Spencer Bartlett & Co.
(Charles
1
Masonite
(accum.)
Hershey Chocolate Corp.,
Hires
6-
5-15
5-25
9-10
25c
Northwestern Nat'l Life Insurance Co.
11-24
6-10
When
Payable
(quar.)
Bancorporation
25c
participating preferred (quar.i
Participating
5%
participating preferred (quar.)
Participating
5% participating preferred (quar.)
Participating
Utilities—
&
preferred
Hedley Mascot Gold Mines (quar.)
Hercules
1
5-20
8-25
12-10
(quar.)
5%
$1.50
(quar.)
Electric
Havana
Co.
Northwest
Per
Company
Insurance
(monthly)
common
Lumberman's Insurance Co.
$10c
20c
$1.50
(quar.)_
6-12
6-15
——-
..
7
6-12
1
6-
—
(quar.)
Co., common
5-
1
7-
Knight Co., 7A pfd. (quar.)__—
$1%
$1.80 prior preferred (s-a)
90c
Great Lakes Dredge & Dock Co. (quar.)
25c
Greyhound^Corp. (Del.), common (quar.)25c
5'/aA preferred (quar.)i.
.
13%c
Hajoca Corp., common
____;
—.
50c
6 A
preferred (quar.i
_
$1'A
Hale Brothers Stores (quar.)
25c
Mines, Ltd.
7
7-
15c
:
5-
5-24
56'Ac
$1%
50c
62V2c
Graton &
Hallnor
—*
River
ehare
_
Name of
North
5-25
9-10
$1.10
—
Taylor, 6% 1st preferred (quar.)——
Longhorn Portland Cement—
4-10
5-24
$1'A
l$l3/4
|38c
30c
___
common
conv.
Gas
6-10
50c
class A and class B
—
Star
5
$1,10
(quar.)—
(monthly)
preferred (quar.)—
Lone
3
5-14
50c
—
Lord &
(accum.)
Participating
Glidden
Inc.
6-
5-29
50c
(quar.)--'
V(TW„
of Rec.
6-21
15c
'
—__ — _
Common
General Steel Castings Corp.—
General Steel Wares, Ltd.,
on
Lock Joint Pipe,
4-26*
5-15
$3
Groceterias,
Extra
8%
(accum.)
(quar.)
1707
Holdere
Payable
50c
Loblaw Groceterias Co., Ltd., class A
Class B (quar.)—————
General Outdoor Advertising—
$4
Corp.
Loblaw
6-15
6-
ehare
Co.——
Miami RR. Co., special gtd.
Special guaranteed (quar.)„
Special guaranteed (quar.)_
Original capital
(quar.)—
Original capital
(quar.)
Original capital
(quar.)—
5-14
5-25
5-15
Name of Compant
■
Match
Littie
50c
Co.
Gamewell Co.
of Ree.
Payable
share
prior pfd, (quar.)
6 A prior preferred (quar.)
_——
Frdeport Sulphur (quar.)___—__
.)_£
Fuller Brush Co., 7% preferred (quar.)
_
6A
-A.-.V,^When
Holder!
When
—
$3
30c
Monday, May 10, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
1708
'
,
&'
Bhawihiga'n Water'
(Canada)—
Silex
Co.
SIVi;:/;
(quar.)—
(quar.)__
1
So no tone
Corp.
Soundview
6'
preferred (quar.)
Canada
Southern
Southwestern Life
120c
5-15
4-20
$1VV
—
6-15
5-15 "
West
pfd._i_
(Dallas)
"■
4-20
8-14
10c
5-15
35c
7-15
10c
5-20
5-
6-
1
:
Will
5
31V4C
5-15
S1V4
6-30
1 V4
9-30
9-16
S1V4
preferred (quar.)—.
6-15
12-31
12-17
6-
Wfnstead
4-30
i——
(A.)
Strawbridge
prior
Strut/tiers
Sullivan
Machinery
Suii
Co.
Oil
—
5-15
4-30
1
*5-
1
5-15 *
Wrigley
6-
1
5-15
50c
5-25
5-15
6-15
5-25
7 Vac
5-18
5-28
25c
Swan-Finch Oil Sorp., common
5-18
5-
for
purchasing
U.
S.
Zion's
_;
—_i
./{Quarterly
Quarterly
-
4
(quar.) ——V-———-
50c
6-
1
5-15
•Transfer
(irregular)
Talon, Inc., 4%. preferred (s-a)-^-r-
75c
9-
1
8-15
tOn
20c
5-15
4-15
JPayable
preferred
(quar.)
receipts
Deposit
Syracuse Transit Corp.,
Electric
Tampa
Preferred
A
common
f7'o
preferred
1st
Haute
Thatcher
Oil
&
_—
Trane
-v
!,
.
Co.,
Company,
Extra
(Dallas) (quar.)
_____
—i
(s-a)
$5
Oil
of
Biscuit
Domestic
10-15
Debits
banks
9.148
Foreign banks
4-30
4-20
5-20
5-15
to
50c
$l3,b
6-15
7-1
5-22
6- 5
50c
50c
50c
6-15
9-15
12-15
and
U.
S.
6- 5
9- 4
12- 4
21
,
11.957
figures revised.
6-15
$7
A
(quar.)________
preferred
common
5-
7
5-18
5-
I K
1
5-
8
6-
5-28
6-1
5-15
7-1
6-
1
.5-15
50c
-
-
-
-
7-
1
6-15
$2.50
7-10
75c
6-15
6-15
6-21
5-31
6-15
5-31
30c
5-15
4-30
10c
5-15
4-30
50c
6-19
5-31*
:—:
—
50c
———————_—
Plywood Corp.. $1.50 conv. pfd. tquar.)
Co.,
(quar.i
Oil—
1
6-25
6-11
G-19
5-20
5-20
4-30
40c
6-10
$1V4
7-15
7-
SIVi
6-
preferred (quar.)
25c
$5
75c
—
75c
preferred (quar.)——_•„.—1——.•
preferred (quar.)__-.i'Cl.w^^_—Utica Knitting Co., 5% prior pfd. (quar.)—_
57c prior preferred (quar.)__
—_—_—
5"k prior preferred (quar.)—-I—
Van Camp Milk Co., $4 preferred (quar.)
Van Dorn Iron Works
—
75c
6 2 Vic
62 Vie
62'/a C
1
5-20
Raalte
17.
1st
6-
1
EXCHANGE
_—-
7-
1
12-27
10-
7-
1
Australia,
Brazil,
1
7-
1
6-21
1
5-14
pound
__
r.
—
_
Colombia, peso
_
_
_
1
5-14
2
5-14
Mexico,
6-
1
6-10
9-
1
Official
1
Free
$1
6-
1
5-21
3 7 VaC
8-
2
7-17
+
13.243
+
212
+
41.414
+
97,094
1.269.829
6.979
accrd. divs..
inch
Total liabilities
372,725-
-I-
1,376
+
1.987
+
4.522,074
+
2,439
+
161,410
147,000
+
46
in_
7)
13b)
(Section
160.411
..
79,592
Total liabilities & cap.
total
res,
28.947,950
accts.
+
48
+
793
+
31,686
+
162.249
+ 4,559,156
to deposit &
75.8%
F. R. note liabilities combined
to
2,909
+
:r
26.829
capital accounts
trial
134.107
—
24,681
—
28,534,058
(Section
Surplus
Ratio of
—
.
Accounts—
paid
Surplus
Other
57.433
14,098,875
;
availability items
Capital
534 661
345.897-
+
+
499,511
_.
deposits
Capital
279,177
968,274
__
Other liabs.,
+
4,281.469
•I
—
.5%
—
—
14.2 'n
indus¬
make
12,313
advances
1,155
—
610
+
1930
INCLUSIVE
Buying Rate for Cable Transfers In New York
United States Money
May 4
May 3
w
+/;"
S
S
.
May 5;%
May 6
S
$
.297733*
.297733*
.297733*
.297733*
!.251876*
-.251876*
.251876*
.251876*
.251876*
3.228000
3.228000
%
3.228000
3.228000
.060586*
.060586*
.060586*
20C
6-
.909090
__
_
_
■
"
.909090
.051275*
.051275*
.051275*
.909090
•
.909090
.909090
.909090
.901328
.572800*
.901953
.901406
.572800*
-.901718
.901875
.572800*
4.035000
.572800*
.572800*
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.205800
.572800*
4.035000
.301215
.
—
_
_
_
New Zealand,
_
_
_
_
*
Union
pound-
of South Africa,
—
-
_
5-15
6-10
.301215
.301215
.301215
.909090
.899375
3.244203
3.244203
3.980000
3.980000
3.980000
_
"
$ 1 Va
9-20
9-10
_u--—V—4—- '•
$134
7-20
7-10
$1%
10-20
10-9
.898750
.909090
.909090
.899375
.898750
3.244203
r
3.244203
3.244203
3.980000
3.980000
3.980000
"
_
Nonsontrolled
*
•Nominal
.909090
.205800
.205800
V
•
'
Controlled
.205800
,205800
.909090
Uruguay, peso—
.
>
.899375
3.244203
-
__
pound
.
.909090
.
_
:!
.899166
_
___
__
_
•
1
6-21
.
.060586*
,051275*
.060586*
-
SIVi
721.867
__
3.228000
peso-:
12-
-
90,373
—239.758
Newfoundland, dollar—
$1.75
,
9-10
—^
11.909,223
"
England, pound sterling
India (British), rupee_
6-
12-10
preferred (quar.)
Total
_
_
Deferred
.205800
6-
$1!75
"17c
Other
.901718
^
6-
$1.75
(quar.i
+ 4,559,156
162,249
+
13,158,375
S. Treasurer—gen. accts._
Foreign
May 1.
.060586*
_
_
_
50c
(quar.i
preferred
U.
MAY ,6,
TO
..
Free___^__j;___»s.-i_-.——
$134
1——
R. notes in act. circulation..
.051275*
(quar.)
17>
30
.251876"
;—.
Official
preferred
Common
+
25.461!
+
Canada, dollar—
5-25
—
3.197
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
FEDERAL
Free
9-21
12-24
10-
6-10
common.,..—^.—
28.947.950
1.644
—-
cruzeiro—
preferred
Co.,
___'
544.913!
+
54
—
36.413
+
4,002v
—
71,993
assets
2,340
+
—
38,916
Value in
•—_________
—
Official
6-21
1-3-44
___i.
17c
Detinning
.
62.018
1,560,090
__
Member bank—reserve acct._
$
Free
9-27
1-1-44
6-21
Virginia Coal & Iron (quar.i
Virginian Railway. 67 preferred (quar.)
Vogt Manufacturing Corp.
(quar.)
47
banks_____.
of other banks
items ___J
.297733*
6-26
1
6-10
pfd. (quar.)..—
+
+ 4.103.695
:
.7%.
Vulcan
BY
5-12
25c
J..—
183.954
174,232
assets
Country and Monetary Unit
$1
(quar.)
CERTIFIED
RATES
5-14,
5-15 *
50c
common——'1——
Co.,
preferred
4,094.753
+
+
Liabilities-—
$22,000,-
APRIL
5
—
Vanadium-Alloys Steel
Vapor Car Heating, 17c
2.434,538!
of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
the buying rate for cable transfers in the different countries of the
record for the week just passed:
We give below a
world.
5-21
5-
—
'
+
2
$1
Machine, Tool
%+ 227,754
6.530.857
premises
Total
1,045.450
0,559,673
securities
foreign
notes
Other
April 30
.
from
R.
285.200
+
Govt,
securities,
and guaranteed
direct
Noon
50c
67c
S.
329.565!
+
+
tifying daily to the Secretary of the Treasury
5-25
-
FOREIGN
•
U.
+
6,475
68,775
—
\ Pursuant to the requirements of Section 522
—
_
—106.100
1.936,467
_
Foreign Exchange Rates
6-14 *
$1%
Upper Michigan Power & Light, common—
3,823
978
+
977.700
Commitments
Deposits credited to domestic banks declined
5-21
6-
$2
!,—
;
(Jersey City)
13,773
direct
_
Uncollected
District, and ^$122,0p0,000 in the San Francisco Dis-'
Holdings of Treasury bills increased $28,000,000 in
the Philadelphia District, $26,000,000 in the San Fran¬
cisco District,: and $69,000,000 at all reporting member
banks, and declined $66,000,000 in New York City. Hold¬
ings of United States Government bonds increased $64,000,000 in New York City, $35,000,000 in the San Fran¬
cisco / District,$25,000,000 in the Chicago District,; and
$176,000,000 at all reporting member banks. J
; Demand
deposits-adjusted declined $75,000,000 in New.
York City, $48,000,000 in the Minneapolis District, $42,000,000 in the Cleveland District, and $215,000,000 at all
reporting member banks.
United States Government
deposits increased in all districts, the principal increases
being $721,000,000 in New York City, $296,000,000 in the
Chicago District, and $228,000,000 in the San Francisco
6-15
6-28
'
Consolidated
1
6-15
$1
8%; non-cum. 1st preferred —
S. Steel Corp., common—-a——,_r-"
1 "(i
preferred (quar.)—'—1'.:';—United States Sugar Corp.—
fl.4% participating conv. pfd. A (quar.)___
$5
preferred (quar.)——
1
—
United Wall Paper Factories—:
6prior preferred (quar.)-iv-—-4—
-
Universal Insurance Co.
7-
5-31
25c
U.
821-
7,119*
10,700
8-31*
$1.50
'
7.940
+
11-30*
37 V2c
preferred (quar.)
common (resumed)—.
6'/-
Co.,
9-20
12-20
50c
Playing Card Co.
S.
10,700
—
2,650,540
Due
District.
50c
——
—
S.
Van
-
Pipe & Foundry Co.—
—
Norman
-
68 %c
-
U.
/Van
v
5-28
6-30
50c
U.
6"r
4-15
,
Corp.—
_
151,682
Deposits:
53c
preferred (accum.
preferred
(accum.)--—-..„.,vLoan Society (Phila.)
(reduced s-a;
Extra ' i:-';J iiX-~--'7k
i7„—
15.043
....
securities,
Total bills and
being
51.493
7.070
—
1.066,150
F.
'
:
bills discounted.
Bilis
in the Chi¬
32,316
guaranteed:.
Total
indebtedness in¬
+
__
Certificates
F.
.
233.496"
+
5,645
—
15,043
Notes
'
3.000
1.575
+
—
20,655,213
Bonds
-
5-6-1942
—
discounted.
Govt,
trict.
6-15
S.
S.
and
cago
-
5-15
_
U.
Bank
increases
47.187
352,111
Industrial advances
<;
$397,000,000 in New York City, $199,000,000
20,255,915
—
by U. S. Gov't obli¬
Total
5-10
1
.
Treasury.
fund—F. R. notes
bills
5-14
6-30
53c
Other
5-14 "
1
_
Decrease Since
discounted:
1
7-
<monthly)—
or
4-28-1943
and
gations. direct & guarant'd
1
6-
$2.75
6 7t>
•
hand
reserves
1
58Vac
$3
Irregular
1 :*
5 8 VaC
;
6%: prior preferred i monthly I
United New Jersey RR. & Canal Co. (quar.)
Universal
1
10c
—:
(monthly)
Utilities
6-
$ 1V 4
common——-.,-
Total
Bills
011
U. S.
cash
6-
$2.75!
(monthly!—
prior preferred
Quarterly
Quarterly
certificates
6-
Sl34
.
(accum.)--'
6.36'(-prior preferred (monthly)
6$> prior preferred (monthly)——
Quarterly
5-5-1943
due from
5-15 v
5-18
prior preferred
Gold
Non¬
1
6-
5-15
17/
Increase
Holdings of Treasury certificates of
creased in all districts, the principal
6-
!".
6-15
thousands of dollars)
.Assets—
Commercial, industrial, and agricultural kloans . in¬
$15,000,000 in the San Francisco District, $14,New York City, $10,000,000 in the Cleveland
District, and $47,000,000 at all reporting member banks.
Loans to brokers and dealers in securities increased
-
76
accounts,
Reserve Banks Combined
dividends.
Canadian funds, tax deductible at the source.
15%; resident" tax, 2%. a Less British income tax,
$170,000,000.
5-15
50c
prior preferred
Rubber
r
81
Statement of Condition of the 12 Federal
000,000 in
4-10
1
37c
class
-. —
S.
5-10
6-
6-
17
U.
4-30
25c
Improvement,
U. S. Potash
5-15
-
75c
preferred (quar.)
United Light & Railways Co.—
States
4-30
SIVi
$5
United
5-10
5-15
25c
—
_____
United
tl.
5-15
+
+
5-20
creased
4-22
5-10
—
except
week
"April
•
1
5-22
5-15
of Ameiv, com. (quar.)__
(quar.)
—1—
$3 preferred (quar.)
Ltd.,
Public
7-24
6-
Gov't
___•
6
26
+
84
deposit accounts
155
—
733
demand
during
6- 1
6- 1
6- 1
to domestic banks i
11-10
•:
6-15
.
25c
Co.
Corp.,
United
2
27 Va c
Uhited Gas
6.367:
8-
'(quar.)'—„—
preferred
Engineering & Foundry,
preferred (quar.)
Gas
9-10
8-14
11-15
25c
(quar. )
com.
United
17:
:
$1V4
pfd. (quar.)
conv.
Chemicals,
Corps,
*
5-10
$1V4
(quar.)_______—
Products,
preferred
..United
1
5-22
5-15
$1 Va
,
California
5 Va% ; convertible
57v
5-
5-15
.6-1
$1 Va
,
———
Ujiited
1
20c
'
United
5-
50c
(quar.)^i^__—
(quar.)
Aircraft
.' Extra
5-25
4,740
375
reporting member
banks in 101 leading cities shows the following principal
changes for the week ended April 28: Increases of $1,177,000,000 in holdings of Treasury certificates of indebted¬
ness, $176,000,000 in holdings of United States Govern¬
ment bonds, and $2,050,000,000 in United States Govern¬
ment deposits, and decreases of $215,000,000 in demand
deposits-adjusted and $155,000,000 in deposits credited
of Missouri—
Co.
United Aircraft Corp., 5%
United
5-25
5-15
$1%
preferred
preferred
Union
6-15
$5
_____
_c—
(quar.)
Electric
$4.50
1
25c
__—__—__
RR.
common*
677 preferred
Union
5-10
25c
•
________
— ____ _—
Rubber,
6-1
25c
Troy & Greenbush RR. Assn.- (s-a)__.___—.
Tung-Sol Lamp Works, 80c pref. (irreg.) __
Tyer
;
SIVi
—
Insurance
Bennington
&
4-30
12VaC
30.098
21
40
6,552
The condition Statement of weekly
5c
__
Quarterly.
5-10
15c
(quar.)
(quar.) _:
Trinity Universal
Quarterly
,
35c H:-.1 6-15
,
._:
;$6 1st preferred
Troy
4-30
—
+
Secured
5-15
2,618
+
Member Bank Condition Statement
"
5-11
+
40"
+
+
5-11
10c"
-
preferred
common
5-28
1
20c
(quar.)
(quar.)___—~1
common
convertible
*
6-15
6-
1,294
12
4-30
6-1
480
—
215*
6-
10c
—
34
—
556
banks____
683
___
8.608
+ 2.050"
Other
;
3,226
'___
Banks__
—
+
Redemption
1
8
—
7-15
in
tax,
4,653
+
8.075
5-3
$1%
)
7
Mfg. Co., $3.60 preferred (quar.)'—
Roofing
resident
1.831
+
this dividend.
for
accumulated
5.919,
+
176
—
5.406
5-10 +
90c
(quar.)_
(John R.) Co.
__—
Tide Water Associated Oil————
$1.40
of
account
closed
+
8
+
1.992
tax.
income
not
3.784
+ 1,177
6,530
4,137
deposits-adjusted
deposits
Government deposits
Interbank deposits:
11- 1
—
53
+
14,353
S.
5-15
35c
pfd.
(quar..)_—
Thompson
Tilo
books
69
<D.
5-28
noc
iaccum.)_:_—
Coal
3
Jamaica
30%
Less
+
85
460
—
5-11 :
6- l.r-
10c
(interimi
Works, 17c
Water
Pacific
5-
4,842
Demand
$1%
^
Teck-Hughes Gold Mines. Ltd.
Telephone Bond & Share—
Texas
,.
5-15
40c
common..^-.^.:--.-
Co.,
(quar.i
1 resumed i
Tampax, Inc.
Terre
x
Ltd.—
Co.,
International
Swift
_______—
-
11
+
Liabilities—
-
5-15
6%.
+
;
(In
1
"'109
—
22
Borrowings
40c
1,211
+
2
+
—
1.387
:
L__
204
4
17
+
g3
1
Balances with domestic
7-15
——
—
—
6-
37 Vi e.
504
1,161
i____
vault
10-15
—
,
—
170
+
Time
25c
Quarterly
2
v—-
205
5-10
8- 1
25c
Sheet & Tube, common—
preferred A (quar.)___
Cooperative Mercantile Institutions—
1.081
:
securities
8- 1
—
5V2/0
—
:
____—
bonds__l—
11- 1
18%c
(quar.)—
47
1,652
Treasury certificates of indebtedness:
Treasury notes
-
interbank
(quar.)
457
+
:
i__.
Treasury bills
$1
(monthly)
Jr.
—
77:
;
banksJ
Other loans'
Corp.—-
Co,
W.I
(F;
(Wm.)
223
carrying
or
securities.
to
+ 14,567
+ 1,645
+
5,645
______
brokers and dealers in securities
$1V2
convertible preferred
Woolworth
5
6- 1
5-15
+25c
$lJ/2
1
—
Youngstown
,$75
-
8
5-
Co.—
Die
&
common" (quar.)—.
—
Crampton
6-
5-15
(quar.)
Superior Tool
&
6-
6 2 Vic
(accum. i_~_
(increased)
Co.
.
Extra
preferred
______
Real estate loans
Loans
4-29-42
4-21-43
45,772
industrial, and agricultural
loans
$1
50c
25c
$l'/4
Winters
.
10.637
_____—
to
'Other
4-30
5-15
5-11
6- 1
7- 1
(quar.)
25c
& Clothier—
preferred A (quar.)
Wells.
$1V2
preferred (quar.i— _
Extra
\
4-28-43
Open market paper______l__________w__
Loans
-
4-16
'
1- 1
_J
25c
—
Corp.' (s-a')'—-——•!
"
7^ preferred (quar.)—Mfg. Co,__—50c
Candle___—10c
Lace
Hosiery,
Common
$1V2
Co.___.
&
Coal & Coke Co.
Stonegu
6
—L:
6-16
„
30c'
$1%
(quar.)_i_—.__1—.————
Ltd.
Wilsil,
Extra
5%. preferred (quar.)——_
I $1%
<Wm.),
Baumer
&
Williamsport Water, $6
Works-
1
(quar.) ____—
Dental Mfg. Co
S.)
Wilkes-Barre
Stecher-Traung Lithograph,
Stewart-Warner
(S.
Whitman
1
5 *
(quar.)—'
preferred
White
-
5-15
5-
loans
'
•
1
Cash in
1%:
'
"
,
Decrease (—) Since
investments—total
Commercial,
>
5-17
vV5-?l
5-15
4-16
5-15
6-15
5-28
and
Loans—total
6-17
4-30
6-12
5-15
4-30
1
Loans
Reserve with Federal Reserve
6-
5-15
V5-16
5-16
V;/Assets—"
>
Other
6-
6-
1
$1.50
25c
$1
—_
___—
(quar.)..
common
.
'•
5-10
6-17
6-15
6-15
...
;
77:7,,
77
«.
5-11
$1 Va
40c
5-29
,:5-29
7-1
7- 1
5-29
8-31
6-1
5-15
6- 1
5-15
5-15
5-15
5-15
6-15
6-15
5-14
8-15
.
6- 1
7-1
7- 1
5-15
Paper,
$ 1 Va
,
,
Products' Corp.
Chlorine
Whitaker
1
,
5-28
Westvaco
7
:
(in millions of dollars)."
■
.
35c
$1
5
5-21
50c
—
'
'
Obligations guaranteed by U. S. Government
5-31
15c
preferred (quar.)
5% preferred (quar.)
(quar.)
10-15
60c
.Stein
preferred
si
—
5%
accounts, follows:
"
T77 participating preferred——$1
4-30
10-
6- 1
,6-1
-
—
Westinghouse Air Brake Co._______—_____
Westinghouse Electric & Mfg. Co., common-
$2
:
Corp.
Stanley Works, 5%
(quar.)
Virginia Pulp & Paper Co.—
6',«>
,
1
7-13:
.
preferred
—
'
pfd. (irreg,)
Standard Wholesale Phosphate & Acid
,
5-14
9-15
Sl'/t
(quar.)
.
5-15
5-15
31-V4C
(quar.)-—-—————
(quar.)—
Spring Valley Co., Ltd. (liquidating)—
Standard Brands, $4.50 preferred (quar.)
Standard Cap & Seal. conv. pfd. (quar.) —
Silica
,
5-25
37 Vac
Spiegel. Inc.. $4Va conv. preferred
Standard
A summary of the principal assets and liabilities 6f.re¬
porting member banks, and of debits to demand deposit
Increase (+) or
;
5-14
3
5-31
SX
Mills
Spartan
5-10 v
5-14 "
5-14
.
6-15
6-15
5-10
4-24
5-10 !'" 4-24
'
5-15
5-25
50c
$1 Va-
(quar.)
non-cum.
(A. G.) & Bros., $1.50
Spalding
$l,/«
5-15
5-28
Inc,-———-—
Investors,
Sovereign
(quar.)———
1
5-
6-25
preferred———
I initial i_
Insurance
preferred
,
Gas Light—
(D. C.)
1
5-14
Co.
Gas
Union
—
.
6-
'
4-30
5-12
37 Vac
common
Co. 5%
Railway
non-cumulative;'
5%
Southern
;,VJ$1
i'25c
.
6-
4-30
5-10
5c
____
Power,
I-
preferred
5%
5-15
50c
Southern California Edison Co. Ltd. (quar.iCalifornia Water, '5%pfd. (quar.)
6%
X.v/6-lO
(Interim)r
(quar.)
in the Chicago District, $21,000,000 in the Atlanta
District^-/and $ 155,000,Q00 at allyreporting member-banks^;
000
Holder
■
Payapit ; of Rea.\.
(quar.)
—
Washington Railway & Electric Co.—
tl'/aC
Southern
Southern
$4Va
$5
5-10
(quar.r—
Lathe Works (irregular)___
Bend
4-30 +
4-30
6-15
preferred
'South
7:1^7,
$1V4
5%
preferred (s-a)
.•;;
$2»/a
Washington Railway & Electric, common—
$9
Participating units beneficial ownership-™
22V2C
Wayne Knitting Mills, common—
:
.
50c
6preferred (s-a)_„
1
$1.50
Welch Grape Juice, 7%
pfd. (quar.)———
$1%
7 7c preferred (quar.)
—
$1%
Wellman Engineering
10c
Wentworth Mfg. Co., $1 conv. pfd. (quar.)—
25c
Wesson Oil & Snowdrift, $4 conv. pfd. (quar.)
$1
West Penn Electric, 67o pfd. (quar.)
$1V2
7%; preferred (quar.)__™_l—
—
$l3/4
25c •
common.:;...-..—:.
Co..
Per,,.. 7-'Wham
v ..r..,
-7^7.7
(H.) Gooderham & Worts, Ltd. (quar.)
preferred
$1
5-15
1.
6-15
$1.75
——
_—
Pulp
Wai'te Amulet 'Mines, Ltd,
.
-
Washington
5-10 V
■
Casting_,__.v_-v__-_;:-_____---~
Steel
name of Company
t
'
(quar.)____.___ —
Mines, Ltd. (quar.)
,—
Gold
Sivyer
6-
%c:. i$2
preferred
Sisco
H
25c
_
Simpson's, Ltd., 6V'i% preferred (accum.) ___
Sioux City Gas & Electric Co., com. (quar.)_
7%'
6-10
5-15
75c
common.,—i.—
AAA
*"
4-19
l*:-2'7
7.777
,
Walker
7
Sherwin-Williams .Co.,
.5preferred
5-25
*
(quar.)
preferred
7/«•'
"7. ':122c
(quar.)_'___
Power Co.
Co.
Sherwin-Williams
of Rtt.
Povablt
'-v^"
777:,
Moldtrt
.ur/n*
Per
Short
of Company
-
rate.
.658300*
.658300*
'•.658300*
.527100*
.527100"
.527100*
.658300*
.527100*
.658300*
.658300*
.527100*
.527100*
•
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
United States Government Securities
Below
furnish
1709
the New York Stock
on
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
we
Daily Record of
U. S.
a
May 1
Prices
Bond
Treasury
4 Vis, 1947-52
MayS
May 4
May 5
Daily Record of
May 7
May 6
U. S. Bond
Prices
Treasury
High
Low
•
1944-54
j
sales
in
Low
(Close
$1,00 units
High
(High
Vis,
1963-1968
109.9
100.10
Low
109.9
100.10
100.10
Close
2
Low
10.9.9
100.10
100.10
•
-
Close
Total
units
[High
[Close
■
Total sales in
1964-1969
Total
*4%
[High
Low
[Close
sales in
100.8
100.10
100.8
100.10
100.6
100.8
100,10
5
6
$1,000 units
Total
f High
Low
sales in $1,000 units
(High
\
2Vis, 1952-55
106.16
110.20
Close
110.20
$1,000 units
High
2 Vis,
1954-56
Low-
•
Hign
(High
1947
Low
.
Close
Close
Total sales in $1,000 units
units
110.27
High
3s, 1951-55—————————————'
Low
High
110.27
Close
110.27
2s, March 1948-50.
i-ow
Close
Total sales in $1,000 units
1
$1,000 units
High
2%s, 1955-60
>•
Low
(High
2s, Dec. 1948-50
Low
Close
Total sales in $1,000
Close
units—"
Total sales in $1,000 units
-
[High
23As, 1945-47
-j
High
in
$1,000 units
——
100.26
Total sales in $1,000 units
-
<
2s,
Sept.,
1949-1951
(High
\ Low
100.23
[Close
j Low
—
100.26
[Close
[High
23/,s, 1948-51—
100.26
Low
2s, June, 1949-51
Juuw
[Close
Total sales
100.23
[Close
Total sales in
2-Vis,
:
Total sales in $1,000 units
$1,000 units
f High
) Low
(Close
1951-54
Total
sales
in
2s,
108.27
2Vis, 1956-59
i
•
sales In
$1,000 units
1
(High
2s,
Low
March,
1950-1952
j Low
[Close
(Close
Total
units
in
sales
$100
units
[Hign
\
2Vis, 1958-63
Low
2s,
Sept.,
1950-1952—:
;
(Close
Total
sales
in $1,000
units—
Total
(High
110.10
110.10
Vis, 1960-65
Total sales in $1,000 units.
23,
2Vis,
2s,
l%s,
106.15
(High
Total
J
Low
Federal
*3 %
106.26
3s,
1944-1949
Home
3s
(High
•{ Low
[Close
l'/as,
1945-1947
LOW
AND
HIGH
Monday
SALE
Tuesday
May 3
May 4
share
per
593A
•59
59%
•109'A •111 %
•109
111%
$ per share
59%
STOCKS
$ per share
59%
60'%
61'%
62%
62%
62%
1,400
112%
112%
112%
*1111/2
112%
30
*39
41'A
*37%
41%
*37%
41 'A
*37%
41%
•49%
50»/2
49%
493/4
*50
50%
*50
50%
50%
50%
12 3A
12%
12%
12%
12,400
*26%
27%
*26%
27%
100
12
12%
12%
12%
12%
12%
•26 V 2.
27'A
*26%
27%
*26%
27%
27
27
•19
19%
19%
19%
43
43%
•73
43
75
5%
*73'%
53A
2
*731%
5%
101
•98
2'A
2'A
20'A
213A
21'A
21%
21'/8
22
38%
39
24%
24Y8
158%
159
14
•13
2 2'A
10%
•84
159
,
1
*73
44%
6 '/a
5%
101
19%
44%
22
22i%
38%
2%
9
159%
101
6,800
Air
*73%
75
*98
'
—
6%
101
Gold
Albany & Susq RR Co
par
100
10
Min
—100
21'A
35,800
22%
21
22
19
21%
14.800
39
38%
39%
36%
38
4,700
Allegheny Corp
No
5%% pf A with $30 war
5%% pf A without war
$2.50 prior conv preferred-No
25%
75
19
25%
25%
25%
25%
26
8,800
Algnny Lud Stl Corp
*731%
75
*73
9%
75
*73%
9
159
160
91%
159%
159
*13
75
93/a
9%
159%
2%
9%
3
243,300
___•
10%
158%
159
*13%
14
6 500
3,200
13'A
13%
21%
22%
213/4
22%
21%
22%
8,600
10%
11%
11%
12
11%
12%
11%
11%
38.900
88
85
85
35i%
36%
36'%
37%
36%
37%
191%
19%
19%
193/4
19%
20
•1%
1%
1%
1%
*85
37%
20
14
86%
*85
200
-
1%
1%
1%
1%
2%
20%
*19%
20%
20%
21%
86%
200
35%
373A
16,400
19%
37%
20
19 3A
1,609
2
2
%
11,300
21%
600
20%
*19
20%
80%
80%
81
82%
82%
83%
83
83
83
86
28'A
85%
85
•27%
28
28%
28
2£%
28
28%
28%
28%
283/4
29
6 'j
65
653/a'
65%
66%
Juneau
3%
13'A
page
Vicksburg Ry Co„_
22%
22%
see
No
2%
19'A
footnotes
&
Alaska
Inc__
21%
13'A
1%
Ala
10
Corp
3%
353A
For
—
Reduction
par
par
22%
,
19'A
b4%
—
26,200.
22i/4
*19
No
No
Corp
45
14
*85
Express
Adams-Mills
44 3/8
10%
88
Adams
25
Co_
Address-Mutigr
22%
*85
Steel
1,800
10%
'
Acme
193/8
53/4
100
No par
39
253A
8%
*98
5%
400
50
19%
.
No par
preferred—
21%
39%
251/8
75
5%
100
4%
■
66%
67%
67
69% :•
21%
68'A
693A
&
Allied
5%
Stores
Corp
preferred
Allis-Chalmers
Mfg
Alpha Portland Cem
Amalgam Leather Co Inc
6%conv preferred
Amerada
Am
Petro
Agric Chem
American
Cnrp
("Del)
63% Mar 12
112% Mar 13
43
Mar 31
104
Mar
113
Dec
31
May
Sep
43
Jan
48'A
Jan
Apr
41VA Jan
5
7%
25'%
143/4
383/4
6
67
Jan
Feb
Jan
Jan
2
8
8
Jan 28
3% Jan
85
7
Jan 25
A Jan 11
5'% Jan
2
5% Jan
2
13
Jan 11
18'/a Jan 11
64
Jan 15
7
Jan
19
No par
140% Jan
9
103/4 Jan
16'A Jan
8
No par
100
No par
No par
1
50
6'AJan
2
733/4 Jan
7
26'/a Jan
7
17% Jan
7
% Jan 13
13'% Jan 20
Airlines
4
No par
x67
Jan
14
No par
23
Jan
2
10
Inc.—
1719.
,1
Highest
$ per share
$ per share
4
No par
Dye
Allied Mills Co Inc
share
Feb 23
35% Jan 23
51% Jan
110
5
Chemical
Allied Kid Co
6 090
5,300
1
Allen Industries Inc
4.000
O
100
Alleg & West Ry 6% gtd
Allied
par
No par
per
37
par
100
100
$
1912
Lowest
Highest
$ per share
'
3%
22%
*721%
*73%
5%
*98
2%
75
75
35
•19
*19
Abbott Laboratories
Year
Range Since January t
Lowest
Abraham & Straus
21 %
22%
10%
86
44%
21%
159%
*13'A
19%
43'%
'
75
25
V
8%
433A
19%
21%
39
24%
*73
8 3A
•8%
2%
38%
75
•72%
6
*98
22
20 %
43%
20
"
75
5%
101
•97
43V8
20
50
Range for Previous
STOCK
Par
411/4
*111
YORK
EXCHANGE
Shares
$ per share
•37%
112
NEW
for
the Week
May 7
$ per share
61%
Sales
Friday
Thursday
May 6
41'A
111%
RECORD
PRICES
Wednesday
May 5
•371/2
12'A
iSale of registered bonds, all others are coupon issues.
units
May 1
11%
Loan
1944-1952-
A,
•Odd lot sales.
Saturday
S
$1,000 units
—
owners
series
NEW YORK STOCK
share
in
Mortgage
106.26
Total sales in $1,000 units
sales in $1,000
sales
Farm
1944-1964 ___:
3'As,
106.26
f Low
IClose
Total
—
f High
{ Low
[Close
1948
Total
106.15
(High
•59
sales In $1,000 units
106.15
sales in $1,000 units
2Vis, 1950-52
2Vis, 1952-54
Low
(Close
(Close
$ per
\
1953-55
Total
sales in $1,000 units
Total
5
[High
(High
\ Low
[Close
2%s, 1949-53
10
sales In $1,000 units
Total
in $1,000 units
1948
100.10
100.10
Close
5
t-Close
sales
100.10
100.9
High
Low
Low
1945—
Total
100.14
100.9
sales in $1,000 units
1951-55
High
2 Vis,
—
f High ;
\ Low
(Close
110.10
Low
Close
2
5
High
Low
Close
Total
108.27
(High
.
1949-1951
Dec.,
100.23
<
108.27
$1,000 units
Total sales in $1,000
105.25
$5
-
-
2s,
Low
in
105.25
105.25
Total sales in $1,000 units
2
1946-48
-
110.20
Low
Low
[Close
Total sales in $1,000 units—
1
High
Total sales
7
Low
106.16
$1,000 units
Total sales in $1,000
2
Close
Low
Vis, 1949-52.
3 s,
100.28
100.26
nvi
106.16
[Close
in
100.28
100.15
100.15
Total sales in $1,000 units
Vis, 1946-49
Total sales
100.15
100.24
[High
High
3
100.10
15
100.10
*7%
100.24
Low
[Close
2'/4s, 1951-53
j
in
100.10
•{.
100.24
\
[Close
Total 6ales
8
100.6
100.6
{ High
Total sales in $1,000 units
3
2
(High
j Low
.—:
2'/as, 1967-72
$1,000 units
3Vis, 1944-46
4
100.10
[Close
2Vis,
J
in
in $1,000 units
100.8
$1,000 units
3%s, 1943-45
Total 6ales
100.8
sales
100.8
Low
•
May 7
Holiday
Low
z)
.
Total
Total sales in $1,000
May 6
(High
2Vis, 1962-67
Low
8%S, 1943-47-
May 5
sales in $1,000 units
Close
3%s, 1946-56.
May 4
[Close
Total
units
High
4s,
May 3
the New York
[High
2%s, 1956-58
Close
Total sales in $1,000
May I
on
52
Jan
27
50'% Apr
,
7
Apr
7
Mar 29
21'% Mar 30
45V4 Mar 1
75
Apr 30
13
28
7% Apr
100
Mar
'3% May
86
Dec
16%
Dec
29%
Apr
41%
Dec
61
Jan
69
Oct
4
Nov
A
Jan
3'%
Apr
3%
Apr
943A
Feb
%
Oct
6 3%
Nov
6'A
v
Nov
17
Jan
May
22'A
Jan
57%
Nov
733A
Feb
7
3%
Apr
7%
Dec
4
118%
Apr
29
10
May
17
11%
May 6
May 5
May 5
Mar 10
May 6
May 7
May 7
May 7
29
693/4 May
Nov
263/4
2
4
Apr 17
12%
85
373/4
21%
2'%
21%
8 '/a
Jun
1% Mar
73
Dec
Mar
5%
183A
10
69% July
May 4
May 4
Apr 2Q
May 7
13% Apr
23
Apr
39
6
223/4
22'%
40
26
10'A May
160
May
51%
May
6
9%
16
Jun
A
149
Jan
12%
Jan
Apr
16%
Nov
4
Apr
6%
Nov
64
July
22
Apr
30%
Jan
143A
Apr
19%
Nov
Jan
81
H Aug
1%
11
Dec
18"%
43
Mar
70%
18 3A
25 y4
Jan
Jan
Oct
Jun
24
Nov
Apr
58%
Deo
RECORD
NEW YORK STOCK
Saturday
16%
16%
16%
58%
58%
58%
*130
X
37
35%
174%
175
174%
175
*174%
17%
10,400
59%
58
58%
58 %
59
preferred—^
2,100 XAmerican Bosch Corp__
3.100
Am Brake Shoe & Fdy
No par
130
5%% conv preferred———100
72.000
Amer Cable & Radio Corp—1
3,600
American Can..—„
.25
590
tPreferred—
100
27.500
American Car. & Fdy.-—
No par
5,200
Preferred
—100
5,100
Am Chain & Cable Inc.I—JVo par
140
+5%- conv preferred——
— 100
370
tAmericah; ChicleJlXu.X— i—JVo par
'
Am Coal Co of Allegh Co N J
25
39%
36%
'\
174 Vs
175
40
131
8%
8%
84%
84%
1.74%
175%
175 %
39%
-
40V*
176%
40
38
76%
75%
71%
72
74'%
74%
75 %
74%
757'a
75%
76
23 %
69
*22%
23
23%
23%
23%
23%
24
24
24%
23%
24%
*109%
111%
111%
111 %
.Ul%
112%
111 %
111%
110%
109
109%
111
25
109
*20%
*21 y4
10%
26%
4%
4%
;'V 2%
*9%
io
26
26%
26%
26%
4%
72
v
16%
16%
16%
17
X:
62%
62%
*33%
34%
16%
33%
4%
38%
39%
•.*38%
38%
♦42%
8%
8
*43
44
8%
%
14
9
9
32%
32%
32 %;
,
26%
25%
32%
32%
2%
2%
2%
2%
2%
<■{ 2%
2%
2%
31%
31%
31%
31%
31 %
32%
31%
29%
28%
9%
9%
9
'
167%
28%
29%
9%
9%
*166
28%
9%
29%
28%
V
48,500
'4,800
31%
2%
28%
9%
9%
10%
29
94,600
10%
10%
I
*167% '172 ?
*167%; 172
172
fel,500
'5,900
? 8,000
31%
28
-■
640
»
2%
30%
31%
28 %
32%
32%
2%
2%.
123
123
327»
X 3,700
' 4,900
s:
100
26%
25%
25%
123
32%
I 2,600
93a
9%
9%
25%
14 V«
14
14%
31%
*167%
168
107
167%
n 66
9%;
60
17%
29%
•
900
105%
9%
.
S
I
...
15%
*121
123
*121
32%
43
104%
14
9%
7,700
6%
*42%
r
9%
17%
102
14
9%
,
I 1,500
i
100
105 %
15%
15?s
101 ?a
14
43..
43.
3%
*5%
67a
*5%
6%
43
| 3,400
70
44%
9%
9%
9%
9%
'
3%
46
*44
40
13%
14%
13%
14%
14%
14%
14%
14%
14%
14%
14V4
14%
20,600
63%
64
64
b4-/a
64 %
65
65
65
64%
65 %
65
65%
' 2,120
14
14Va
13%
13 7a
13%
*16'/a
16%
16%.
16%
16%
18
17%
18
31%
31?'a
31%
31?4
31%
31?'a
31%
31%
152
44
44
*144
150
44'4
'
25%
15
15
26%
26%
25%
25%
15%
15%
161/4
16 V4
16%
.16%
25%
25%
26
25%
*105%
108
*105%
108
*28%
30
.
,
149%
54%
541/2
54%
55V4
55 V4
551/4
55%
55%
/1401/4
140%
;X 140%
140%
140%
10%
10%
10%
107/a
10%
42%
*118%
77
;
6%
v
*1001/4
108
29%
1531%
55 V4
56%
56 %
57
1411/4
140%
10%
10%
8%
77'/2
8 Va
7%
72%
72%
43%
118%
8%
6%
53%
537/a
30%
31
30%
30%
27
27V2
27 V4
27%
27
27 Va
19%
201/4
20%
20%
20%
20V2
72%
27%
20 Va
113%
13'A
13%
131/4
13%
*13%
13%
♦2%
2%
2%
2%
2%
2%
114
*113
114
14
2%
2%
60 Va
62%
9
100
*9
9%
9%
*96%
*
9%
100
100
9
'
%
61
73%
70
70'/4
*70
35
35
y.34%
9V4
*97
9
9
9
9%
9%
9%
9'%
9%
9Vt
10%
10%
10%
10%
10%
10%
11%
82 »/4
84
85
84%
84 Va
83
83
79%
81 Va
80
81%
81%
82
•
*34
35
*34
35
*33%
*103 %
105
*103 Va
105
%
*1.03 V8
105
105
*103'%
55 Va
55%
54%
557/a
54%
56%
56
56%
53%
78%
78%
78%
78 V4
77%
78 Va
77
77
77%
78 3a
78'%
W/e
341/4
34'/4
34%
34%
35 Va
28%
28%
55%
55
55
55
55
400
23%
24
23%
241/4
23%
24
9,200
1031/4
108%
108%
90
12%
11%
12%
18,700
52%
52%
*29
29
23%
23%
*106 %
107%
*107
107%
*107%
107%
107%
12
12 Vt
121/4
13
12%
12?'a
12%
*52
52%
521/2
52%
52%
52%
521/2
12
52%
*52
*118
12
12%
-X
4%
*4
:■
5%
12
*4
*48%
50
107%
4
12%
*12
'
41/4
V*
4
V*
49
*47%
50
*118
120
•118
12
52%
61%
6 l'/a
62
607/a
61 %
119%
108
120
12'%
*12
4
3 '/2
49
*47
61%
*13.8
*3%
*47%
6%
6'/a
6%
6 Va
6%
6'%
18%
18%
181/2
18 Va
18%
18%
19'/4
18%
9%
:/?'•% 93%
9%
9%
4'%
800 '
$5
6%
25
18% Feb
14% Jan
2
97% Jan
27
103
Apr
15% Jan
8
23
Apr
1% Jan
2
14
26
10
6% Jan
8
21
%
Nichols
__
of Del
Dec
16%
Nov
XX. 3
Jan
16y4
Jan
25%
Jun
3°a
Dec
Dec
2
1% Jan
2
6% May
46 % Jan
18
77% May
18%
1%
Jan
8%
Dec
Dec
,
49%
Jan /
7
Jan
6
19% May
39
Jan
6
69% May
10 »/4
Jan
30
Feb
23
36% Apr
25%
Jun
35
2% Jan
4
Dec
42%
35
Jan
Mar 29
32%
Sep
36%
Oct
70
53% Jan
2
Oct
3 %
2'/a May
4% Apr
39
5
Jan
May
5
x36%
Apr
56
Dec
l'/a
Jan
2
May
4% Mar 31
Jan
25
Mar 26
48
37% Jan
Dec
37
Mar
4% Jan
9% May
6
2%
Apr
5 V4 Jan
7 '/a Feo
2
4%
Oct
7
Feb
23
Nov
5%
46
39 % Jan
17% May
7% Jan
105V2 May
81 % Jan
20
12% Jan
7
11
4
116% Jan
29
x26
123
Nov
May
Apr
23% Mar
'
Feb
21% May
26%
Jan
4
% Mar
13
Jan
113%
7
2% May
A Jan
Dec
7%
4
16
24
May
32% Apr
Nov
12%
7
27 % Apr
Jan
91
Apr
9%
Jan
Jun
65
10%
5
9% May
7% Feb
20% Jan
Jun
6%
14% Mar 17
Jan
Nov
40%
35% Mar
6
6
119
Feb
Jan
26%
18% Jan
33
Apr
22
15%
16% Jan
30
Apr
22
12%
Apr
7
3%
Apr
4
142%
Jun
165
Jan
9'% May
12
Jan
10% May
6% Jan
168
Feb
154
6
52%
65% May
6
8% Jan
6
15% Apr
Jan
54
May
15% Apr
10 % Jan
Apr
8
4
I
22
12% Jan
Jan
27
145
May
59%
4% Mar
2
35%
Jan
43
Jan
Jan
2
14
8
21%
Nov
12
Jan
2
42% Jan
Oct
21%
Jan
78% Mar
97 V8
Jan
23
Aug
Apr
30
153% May
27
4
101 Vi
Apr
134%
Jan
6
33%
Apr
49%
Jan
6
34%
Apr
50%
Apr
143%
Jan
7%
Nov
43% Jan
57
129% Jan
142
6% Jan
11
May
Jan
17%
May
3%
4
5
119
22
May
7
77 Vb May
5
3% Jan
2
8% Apr
55 % Jan
"5
Apr
7% Apr
5
3% Jan
9
74
Apr /
Jan
33%
Dec
116 %
Jan
4
Nov
Apr
1%
4
53% Jan
•
108% May
26
Jan
Jan
120
27
Jan
43% May
Jan
.
Feb
12
55% May
14
115:!
Mar
Mar
15
i
-
30% Apr
5
21% Jan
127 V4 Jan
32
7%
24
106
Jan
par
91
Apr
17
Oct
36%
144
Jun
17'/2 Jan
Nov
148%
Apr
136%
26% Apr
Dec
14%
12
'
Nov
Feb
29
3
Mar
Oct
9%
,
May
8%
Apr
Jan
Nov
6%
Apr
par
par
Nov.
7%. Nov
3% May
..Apr
28% Apr
Jan
Apr
Aug
70%
Feb
26
3%
Dec
5%
Jan
26
51%
Dec
76%
Jan
5?a
Jan
39
7
3%
Apr
42% Jan
11
54% Mar 30
38%
Jun
50
Jan
24% Jan
2
31% Apr
8
22% May
28%
Jan
24
Jan
4
29% Apr
7
24
Dec
30
Jan
16% Jan
5
20% May
6
12% Mar
17
Jan
111% Jan
20
10% Jan
13
4
2
Jan
5'
11/4 Jan
Jan
11
108 % Jan
'2
34
107
Mar 18
116
14% Apr
27
1
102
112% Mar 12
36
Apr
Sep
Oct
1% July
Mar
27%
1
May
12%
7% May
7
3'/a Feb
42
1121/2 Mar
May
Dec
111% Mar
•
3
Jan
2
5% Apr
Sep
4y«
Jan
46
Jan
2
63% May
42
Sep
67%
Feb
49
Jan
20
73% May
40%
Oct
66
30
36% Apr
21
2%
Jan
"
Jan
2
Jan
33%
Dec
6% Jan
9
9V4 May
5% Mar
8%
Nov
4% Jan
7
9% May
2%
92
Feb
27
101
79
Mar 27
•4%
Apr
82
May
'
Oct
July
6% Jan
4
Apr
100
72% Jan
11
61% Mar
77%
100
59
Jan
7
84% May
7
53
Jun
83
Jau
..._No par
29
Jan
5
34% May
6
20
Jan
28%
Dec
100%
Dec
...
l
prior A—
Jan
100%
May
7% Mar
3% Mar
24% Jan
Dec
22%
Dec
92
•
5
•
Oct
7%
6%
Fe
.100
100
100
100
Jan
4
103 % Apr
29
81%
Jan
7
57% Apr
6
27%
Jan
53
Oct
60 %
Oct
Jan
2
79% May
7
Jun
72 %
26 % Jan
13
36% May
6
19%
Jun
34%
Oct
31% Apr
6
16%
Jun
34
Jan
57% Apr
6
33
24% Apr
6
66
19
Jan
8
44
Jan
4
18% Jan
7
100
No par
12
Jan
Jan
100
25
100
5
—50
Wo1 par
t
11% May
85% Apr
4%
5
44% Jan
100
,.1
I S3 Lines
Aviation Corp
147,200
18
Jun
No
Corp....
Austin
Jan
3% May
9%
Mining
Atla» Tack Corp—
49
15
6
16%
& Cable
preferred
tAtlas Powder—
to% conv preferred
10
Dec
Mar 19
23
11% May
4
.100
1
—25
—50
6%
400
12%
26
7
Wo par
preferred.
Refining..
H t4% conv pref series A
1,410
62'%
1
6% Jan
15% May
Wo par
No par
5%
Atlas
19% Feb
28% May
t
Atlantic
700
»' 120
*12
5?a
6
5%
5?a
X
4%
*4
*48
50
*48
60
119%
120
12
120
*12
60%
60%
6OV4
60
*118
29
30
55
55%
227/a
St W
103
6
Elec
preferred...
Atl G
Mar
112% May
9
14
preferred...
Atlantic Coast Line RR
600
69
4
.100
__./10
5%
19,700
36'%
34'%
3.900
29
28%
*53%
23%
12
<
24
28%
55%
-
79%
Mar
6
Feb
19% Jan
100
Atch Topeka & Santa
26,700
Jan
110
11% Mar
div preferred
5%
20
t
56
V 20%
May
96
25
Assoc Investment Co.
100
I
55%
28%
22%
*55
510
May
105
25
16'*r. 1st preferred—
t72d preferred
240
28%
28%
»53Va
.
36%
11,400
103'%
*103Va
35
20
f
36%
55 V8
35%
i
84'%
*34%
5,200
;
85
84%
103%
34%
900
9
107%
10%
34i%
160
100
*83%
54
103%
200
2,700
9%
*97
84'%
83
81
34
«
I'Va
11.
*83%
35
*34
35
100
*97
100
10%
79%
)"
35%
9'/4
100
900
73
35
821/4
79%
42
35
35%
400
2%
72
73V2
351/4
9
9
*95
731/2
35%
9
8%
8%
73%
35
'
13%
2%
59%
60 V2
72
XX
70
34%
13%
5.000
5%
70
■•
$5
16
7
45
..13.50
Wo par
Andes Copper Mining
20
A P W Paper Co Inc
—.5
Archer Daniels Mldl'd
Wo par
Armour & Co (Del) pf 7 % gtd_.100
Armour & Co of Illinois
—5
$6 conv prior preferred
No par
t7% preferred......:
.100
Armstrong Cork Co..
Wo par
Arnold Constable Corp
5
Artloom Corp
No par
7% preferred—
100
Associated Dry Goods
1
60
7
22
151
Anchor Hock Glass Corp
2,800
63'%
5%
34%
Anaconda W
20%
55% May
7
24% Apr
5
Jan
2
100
Anaconda Copper
•'
113%
73%
Jan
2
prior conv preferred
40.500
20%
Jan
76% May
18 % Jan
109
,.100
Woolen....
30%
*113
Oct
33
Feb
No
Dec
'
111 % May
15
641/4 Feb
Dec
74%
May
20
6
Feb
176
35% Jan
class B__
27%
62'%
11.1.1/2
5%
59%
'
40% May
Oct
Jan
•
3%
Apr
Apr
132 V3 May
Tobacco—.
27%
920
6
33
130%
Mar
x
155% Mar 15
—
29V4
,
24% Jan
1%
56%
159
100
Tobacco..
Water Wks &
1st preferred
$5
9
17
Mar 24
177
Jan
173
1
.
200
85% Feb
2
.:
144% Feb
preferred
American
20
3% Jan
71% Jan
24
Preferred
Amer Zinc Lead & Smelt
10.700
112 Va
5%
60
..
70,400
111%
5%
59%
14,200
5%
111?'8
5V4
59V2
7
53%
111%
111%
5%
59 Vi
i 1,600
5'%
112 Va
5Vi
Am
$6
f 6,900
111 V4
111'A
5%
43
8
6%
^
400
<■
*41V4
421/4
111%
5V4
*41%
71,500
127% Jan
Nov
6V8
35% May
preferred.—.
5%
-4
Apr
1
Y Amer Type Foundries Inc
American Viscose Corp
200
11.2
*41 %
110 V4
42
9,000
f
42
42
42
*41
20%
/
72-
*51
113%
*13
2%
42
V'
6%
28
13'4
114
6.200
8'%
70'%
72%
30%
*2%
114
t6%
f 1.670
78
7%
8'/«
30'A
119
*75
54
*52
*12%
114
Common
Apr
18
Telcp & Teleg Co
American
6.800
i
42%
41%
8
8%
7%
*113
*113
a
10%
10%
'*118%
76
76
6%
7
7%
53%
19%
19%
>
/
5
28
*27%
43
►-* 00
43%
119
30%
29%
107/8
Preferred
3,100
141
140 Va
H.11/4'
Am
56?
X56%
'
1,100
17.300
Sumatra
23
120
47% Apr
Refining.
Amer
40% Mar 15
132% Apr 14
9 % May
4
No par
Co..
\
2
Wo
American Stores—
American Sugar
55V4
'//:55u'
55%
8%
72%
6%
150%
4
27% Jan
•
3% Mar
8
No par
151%
X 30
29
153%
4% Jan
9% Apr
32 ?a Mar 23
—25
American Stove
108
*106V8
108
29
152 Va
59% May
•
Oct
49
Apr
5
7
...100
3.400
17
26%
- .
38%
Jan
47
,___100
30%
26
5
9%
Jan
5
...
Foundries^
Steel
5%
5
—
preferred
6?Y
Am°r
2,500
i 1.600
15%
15%
*16%
55%
53%
'
29%
29 Va
17
.77
8V4
72
6%
*51
15%
26%
23.400
28%
27%
•
/
4
5
37% Jan
tPreferred
American Snuff
500
120
Smelting & Refg
$ per sharp
$ per share
share
8% Jan
17% May
No par
Co
Ship Building Co..Wo par
Amer
710
;
44
149
28%
27%
26'/8
53%/
■■
61/2
6%
54
*51
7%.
72
71%
72 %" :
*71%
8%
.
470
152
44
147 %
2,600
'
'76%
:
151%
*144
43%
43%
16%
*118%
9
8%
76%
.■■■;
7%
X 8
8
8%
76%
81/2
*75
x ■;■■■
1
14%
14%
.
151% .1.52
J.5%
43.%
43%
119
119
119
x43%
.10%
11
'
8%
8%
*74%
15,100
140%
141
42%
42%
41%
118%
44
56 Va
56%
:
44%
42%
15%
152%
55
41
Seating
+ Amer
54%
54% /
118 Vi
American
1
16%
29
153 »/2
1511/4
54%
•<
i 2.500
26%
*106.
29%
291/2
151 %
.0
108 ;■
*106
29%
29 %
150
148 »/4
17
31%
16%
26%
15 Va
.
Safety
16%
31'A
•'
18.50
No par
Razor
American
1.7%
26%
16%
25 %
15'/4
15'%
16%
28%
27
27%
American Home Products
_____ 1
American Ice
—Wo par
6^non-cum preferred
*.100
Amer Internat Corp.——Wo par
American Invest Co of 111— —1
.5% conv preferred—
50
American Locomotive
Wo par
Preferred
100
Amer Mach & Fdy Co
-No par
Amer Mach & Metals..—
No par
Amer Metals Co Ltd
No par
6 % preferred
— 100
American News, Co.—
No par
Amer Power & Light..
Wo par
$6 preferred.—
No par
.v;$5 preferred...
Wo par
Am Rad & Stand San'y
Wo par1
Preferred
2
__.100
American Rolling Mill
25
4%% conv preferred..
100
,•
31 %
14%
1.4%
147
149
*146
149
*144
151%
*43'%
43%
43%
44
150
151
151%
1511/2
*43
*144
45%
44%
45%
45
"
152
152
152
.
44%
American Hide & Leather..—1
6% conv preferred.,
.50
*31 '/4
'
44
441/4
43%
American Hawaiian SS Co.———10
.1.6%
14%
14 Va
14%
,
7,500,,
LOO,,
I
39%
44%
3%
*3%
3%
70
69%
69
70
44
$7 2d preferred A
par
$6 preferred./———.—No par
i 2,100,'
4%
,
*38%
39
39
3,900
{
34%
4.
4%
■;Amer European Sees/—..._No par
American Export Lines Inc
—1
Anier & For'a Power
No par
$7 preferred———No par
64,500
69%
34%
34%
'
4'
39
15%
25%
x32%
32%
34%
100%
123
*121
123
*120%
123
347'8
6%
9%
25%
25%
25%
25%
25%
*120%
63
*42.
14 %
9
9%
67
9Va
15%
13%
14
14
9
13%
67
3%
101
100%
100%
100%
100
66»/2
( 7,400
19%
17%
*42%
.6%
15%
15
14%
14%
14%
99
19 %•
69.
:
42
42
42
42
42
18%
4 Ve
105,100
76%
75
18%;
39
.974
6 %
6%
*6%
6%
*6%
*41
77%
500
i 4,200
6%
6 Vb
Via
34? 8
45
8%
„
6
76
.
11,500.
i
9%
27%
65
3%
3%
*9%
26%
17%
'•<
i-i 4
68
67%;
8%
.
74% T 77
39%
•'*43
45
v
4%
*39
3%
3%
3%
*3%
•
9%
27%
5%
'5%
5 2.200
3%
9%
26%
.
_Y_-
?
22'%
3
3 %
2%
2%
9%
26%
American Colortype Co
10
American Crystal Sugar
10
67r 1st preferred...
100
Ame- Distilling Co.—
—20
American Encaustic Tiling—..—1
i 1,800
16%
22%
22%
22
105
*102
105
*102
6%
i 2,500
11%
16%
i.6%
*1.6%
16%
4%
35%
4%'
11
9%
64%
;
.
67
65
65
65
35
3%
4
3%
62%
17%
34%
70
75%
64%
71
11%
21%
26
<
72
70
,61
:
4%
4%
4%r,
1.1
24%
*20
.2%
2%
2%
9%
*9
9%
*25%
24%
105:
21%
X.
22
22
22%
*20
10%
16%
*102
105
*102
24%
10%
16%
16%
16%
2%
2%
2%
10
105
22%
22%
*9
*.20
9%
111%
112
112
24%
!
*102%
105
22 %
111%
*20
16
;
16
16
*109 %
110%
24%
9%
9%
*9%
*102%
110%
111%
110
111
*109Vi
■>
*130%'
,
8%:
8%
83%'
174%
38
39%
8%
38%
84-',
8%
83%
8%
83
8%
37%
lil
*130%
131
131
9%
38%
•
8%
38%
8%
8%
38%
83%
83 X
82%
81%
81%
81
17
8%
131
8%
8%
7%
7%
130%
131
131
131%
7%
10
—50
1
17%
210
$ per
share
Highest,
Lowest
■
17
38 V4
38%
38
37%
37
'
$ per
Par
'
Amerloan Bank Note__^__—
'
1912
Year
1
Highest
Lowest
-''/EXCHANGE
.
\<\'
Shares
17%
9
8%
9
8%
,
38
$ per share
Range for Previous
'
Since January
Range
59%
58%
8%
*8%
the Week
May 7
'
,$ per share
share
*.v.
.■
YORK STOCK
Sales forNEW
17
17%
59
*37%
$ per
share
per
STOCKS
■>//./•;•
Friday
»
May 6
May 5
May 4
$
share
per
16'%
16%
*58 %
•
$
share
per
Thursday
Wednesday
Tuesday
May 3
May 1
£
PRICES
SALE
HIGH
AND
LOW
Monday
.-'.■ '•■ ::•-•;•■
Monday. May 10, 1943
CHRONICLE
S FINANCIAL
THE COMMERCIAL
1710
106
Mar 16
6% Jan
4
14%
Apr
May
4
53% Mar
6
46%
13
45%
Mar
99% July
6% Sep
111% Mar 31
,
Jan
23%
Jan
IO91/4
Feb
7
Jan
Apr
51
Dec
50% Jan
14
52
Jan
9
113
Jan
12
7% Jan
7
12% Mar 26
7
Apr
9»/a
Jan
4% Apr ' 5
1%
Apr
3%
Dec
15%
Apr
2%
Jun
4%
9%
Jun
14%
Jan
2%
Jun
4Va
Jan
4%
Jun
7%
Jau
4
Apr
6»/a
Jan
22
Jan
65% Feb
120
Apr
15
43;
May
70
Jan
13
111-
May
116
Jan
—__Wo' par
2% Jan
21
No par
(The)
...3
28% Jan
5
507/a Apr
19
2
6% Apr
8
*
3% Jan
31
Dec
Jan
B
17%
17
9'%
12%
17
■
9 V»
9%
13%
13 1/4
13 Vt
13%
10
13'A
137Y
14»A
9%
10
14%.
14
9%
13
10
39.800
Baltimore & Ohio
14%
18.900
preferred
& Aroostook
5% preferred
Barber Asphalt Corp.—
Barker Brothers
No par
'
5%% preferred—
;
50
Barnsdall Oil Co
—5
Bath Iron Works Corp
1
Bayult Cigars Inc
Wo par
Beatrice Creamery
25
t$5 preferred w w_
...Wo par
tBeech Creek RR—
.....-50
Beech-Nut Packing CO...
20
Belding-Hemingway
No par
Bell Aircraft Corp
1
Bendix Aviation
—5
Beneficial Indus Loan—„Wo par
Pr pfd $2.50 div series '38_Wo par
Best <fe Co
—No par
>
■
11%
12 Va
11%
12
11%
12
11% V 12
*11%
11%
11%
12
3,400 ;
53%
51
53
51%
51V3
51
51
50%
50%
50%
51
810
18%
19%
19%
20%
19%
2OV4
19'A
19%
19
19%
18%
18?b
8%
8%
8%
8%
8%
8%
J.0%
97/a
*38%
39%
*38%
39 Va
39 Va
39%
*171/4
17%
17V4
17.%
17%
is
18%
*26%
19
27
27'%
29'%
*104»%
104%
*104'%
*28'%
105
104'%
106
*104
106
*103
29%
*29
30'%
*29
*104
105
1.7%
19%
28
27%
♦29
*104%
■
29%
105
19Vi
4,400
10
<
40%
40%
17%
17%
17%
11,200
260
19%
20%
28%
28
28%
1.400
29%
29%
29%
29%
105
19%
105
105
600-
105
90
30
20
'
30%
106
29
29
*104
107
*28%
*104%
30%
108
*28%
*104
108
...
11
11
10%
10%
10%
111/4
11'/4
11%
11 '/2
11%
*11
11%
800
18 'A
18%
18%
19
18%
19'4
18%
187/a
I81/4
18%
18
18%
8.900
38
39
38%
39%
38 7/a
39%
38%
39'A
38%
39'%
38%
39%
10.000
15
15 Va
14%
15'%
15 Va
15'/a
14%
151/4
14%
15%
2,500
*54%
55%
55%
56
33
33
33%
*15
.
Y
151/4
*54%
55'/4
*54%
55%
55V2
55%
*54%
55%
*30'/4
31'%
31%
31%
30 Vb
31%
31%
31%
141/a
14%
14%
14'/a
64 Va
65%
117%
116'/4
For footnotes
see
117%
page
13%
66 %
67
65%
*115%
1719.
116%
14%
67 V3
116%
14
14%
•
12.500
*27%
33
14%
66 Va
67%
66%
*116%
117%
116%
14%
67%
117
14
300
1,700
14%
x64%
116%
9.500
66%
116%
17,600
-
900
4%
Bangor
Conv
11,000
41
40
17%
19%
291/2
19'/4
39%
17%
27%
29%
*291/4
9%
39%
::
19 Va
18%
27
18%
27
29
29
9%
9
13
100
100
..50
100
-.10
62,500
53
Y
Baldwin Loco Works v t C
19% %
Best
Foods
i
Bethlehem Steel
1%
preferred
(Del)
No par
100
10% Jan 2
3% Jan
2
6
Jan
2
5% Jan
2
34% Jan
6
12
Feb 9
5% Jan 13
30
Jan
4
12% Jan
2
/
13% Jan
7
23% Jan
7
24% Jan 16
104
Apr 27
25% Jan 25
93
Jan 12
9% Jan 4
12
Jan
2
34% Jan 4
13% Mar 17
54% Feb 23
22% Jan
7
8% Jan ^
55% Jan
7
110% Jan 4
19% May 6
10
Apr 7
14% Apr 6
12% Apr 29
54% Apr 26
20% May 3
10% May 6
41
May 6
•••18
May 4
20% Mar
28% May
29% Apr
114
Mar
29% Apr
104
Apr
11% Apr
20% Mar
39%
16%
56
33%
14%
69%
117%
22
7
26
16
27
30
21
16
Apr 6
Feb 25
May 7
May 7
May 6
Anr 6
May 3
/
6 Ya Mar
36
Dec
13%
Dec
Nov
4%
Apr
6%
24%
Aug
33%
Dec
8%
Jan
12%
Dec
12 '/a
Jun
18%
Jan
Apr
x23%
Nov
15%
20
103
23%
Apr
26
Oct
Mar
105
Oct
Jun
30
Feb
Apr
6% May
110%
64
Jan
9'/a
Dec
9% May
17%
Nov
28% May
39%
Jan
9% May
151/4
Nov
.
46% Mar
54
Sep
17%
Apr
24 %
Jan
8%
Dec
8%
Dec
66%
Jan
491/3 May
105
July
121
Jan
Volume
THE COMMERCIAL
Number 4175
157
LOW
Saturday
May 1
Monday
...
$ per share
AND
HIGH
SALE
Tuesday
May 4
May 3
PRICES
Thursday
May 5
Friday
May 6
$ per share
$ per share
& per share
$
$
share
per
34%
35%
35%
36 %
36Va
38 Va
36
38%
33%
35%
18%
18%
18%
18%
18%
18%
18%
19
19
8%
8%
8%
16%
9
8%
9Va
16
16
16 ]/4
16Va
*11%
12'/a
*12
12%
12
*89
94
*86
94
93
19
19Va
*52
52%
*90
Va
9%
9
12'/a
*11%
93
9%
17
16%
*93%
9%
.*11%
12%
94
.13 V;'
93%
19
'
91
19%
19%
20%
19%
20 Va
19%
54
55'/a
55 Va
55%
55%
56
56'/a
97
91
91
91
91
*90%
*
*43%
45
45
.45.
44%
44%
45
45
45
23
22%
22%
23%
24 Va
24
24 Va
24%
24%
26%
26:%
26%
27
26%
27
26%
27
26%
27 Ve
32%
33
32%
33%
33'/a
33%
33%
34'/a
33%
34%
5%
'5%
5Va
5%
5%
5%
5%
5%
5%
•
33 %
34
34%
*24 Va
25
*24 Va
•'
35 Va
34%
25'
*24 Va
35 Va
6
34 Va
25
...
25
.*24'/a
11%
11 Va
11%
11%
11%
12
11%
12
27
27%
27
27%
27%
27%
27%
28%
27 Va
v
34%
34
•
11%
28%
*24%
•
>-
—
11%
.;■-
•
27%
;
42%
*40%
41%
•hi
%
;
i
42%
41%
.
lVa
.
14%
42"
IV
'
\
42%
42 Va
42
42
42%
B
--..--^5
—No
Brlggs
17%
16%
39
17%
■
8%
17%
17%
9%
9*/a
8%
112 Va
112 Va
*111%
5%
5%
5%
102
16%
*39
7
101%
-T
1
16%
42'/a
•
13
Va
32
*42%
1%
*42
'
iiS
42%
'
)7,j
:
5,800
44
' ••
1%
X
•.
1 %■.•,=•-.
15%
r
V
'■'v ' Ifi-
16
40 %
9'/a
39
39
17%
17 %
Bristol-Myers
9%
10%
9%
7%
107%
11.2%
112%
6%
106
7%
39
30,200
114
128,200
7%
Budd
3,070
(E G)
Mfg
preferred...
f7%
17%
18
18
17%
1.8 Ve
18
18 Va
1,100
Buffalo
25%
25%
26%
25%
26
4,100
Bullard
34
34
34%
*34%
34%
*"4%
34%
34%
34%
10%
10
9%
e%
10%
9%
.
10 Va
30%
29%
30%
29%
30%
29 Va
30%
29%
29%
*105%
105%
105%
106 Va
*105%
106%
106 Va
106%
106 Va
107
12%
12%
12 Va
12 Va
12%
12%
12%
6%
5%
5%
12
Ve
6%
68
70
75
71-.
41
42
42%
42%
8%
8%
8%
24%
*24%
4%
4%
4%
15%
15%
60
80
22
9
75
42
x8%
9%
8%
24 Va
24 Va
5
4%
5
*69
42%
x24%
24%
6
6%
*70 Va
9
26%
69
42%
5
1%
9%
9%
9%
24%
.
24%
24%
4%
4%
15%
15%
15
15%
80 Va
*80 Va
81
80%
80%
23%
23%
24
23%
24'/a
r
,
23
27
23%
27%
*54%
1%
8 Va
27%
56 Va
1
1 Ve
8%
8%
23
15.
27%
27%
27%
28
27%
28%
55%
55%
55
55
*54%
54%
1%
1%
1%
1
1%
1%
40,300
8%
8%
8%
8%
8%
%
8%
17%
18
18
18%
18%
18 Va
18
18
20%
21
21
21%
21%
22%
22%
23%
23
36 %
37%.
37 Va
37 Va
*36
10 Va
11 Va
10%
11%
*36
37
36%
10%
10%
10%
42
41%
8%
8%
9
*42%
■?
44
94 Va
,
29
,
110
110
38%
,
48%
39
39%.,
124
109
109%
110
110
110%
U
14%
14
14%
13%
13%
89
90
89%
90 Ve
19%
2%
r
'
♦105
19%
3
107%
19 Ve
12 Va
11%
12%
17%
17%
17%
5%
6%
106
6%
58%
*18%
18%
61%
18%
19%
24
25
7
60%
20
*106
45
45 Ve
45%
100
100%
100 Va
7%
8%
7%
7%
14%
14%
14%
25 Va
45
45%
100%
100 Va
8 Ve
8%
.
15%
5%
185/J.
20 Va
106%.
25
24
15%
157/a..
61
60%
18%
60.
18%
20 Va
18%
20%
*106
44%
25 Va
45 Va
44%
8%
16
24%
15%
6 Va
5%
17
17%
17%
17%
16%
13 Va
13 Va
3.2%
13
12 Va
19%
20%
19%
20%
19%
20 Va
*40%
%
1%
1 Ve
1 Ve
*40%
43
51Va
iI
*1%
43
*52
52%
6Va
*40 Va
1
1
1
1%
1%
1 Va
1%
1 Ve
1 Ve
1 Va
18.%
52
15%
*15
15%
15%
16
*16
16 Va
16 Va
3%
2%
74 Va
102%
4%
4%
38 Ve
*125
132
113%
113
*34%
104
*89%
45'/8
34%
35 Va
40
4%
38%
*125
35
38%
*125
*70
34
34
104
*90
91
*52
>91
5 Va
38%
75
113 Va
*103
•
4%
132
*60
113
♦90 Va
*52
60
46
46
34%
35
•35
35%
34%
144
♦141
144
*141
143%
►141
100
100
7 100
101
100
100%
100
64
64
'*63
♦740
19%
108
108
*23'A
24
•110% 111
17%
12
*
12
11
*740
—
19%
108
64
•
__
19%
;108
Z
24
24%
•llO'AUll
108
24%
ill
20%
24%
►740
;
■*
10%
20%
For
20%
*140
143%
100
64
-
100
*64
20%
107%
107%
.,'107%
24%
footnotes
11%
12%
11%
11%
11%
12
10%
11
10%
11 '/'a
11
12
10%
10%
10%
10%
11
23%
24%
23%
24%
"*23%
23
24
23%
24%
"24
see
page
Feb
3%
Jan
10%
Nov
Dec
95
Jan
16
Jan
24% May
7
10
Jan
17
29% Apr
56
2
6% Jan
*.5
■:
7
38
9
4% Jan;
16%
Jan
22%
Dec
Apr
53 7/e
Nov
%
Jun
1 %
Jan
7
5%
Jun
7%
Nov
7
11%
Jan
16%
Nov
Y 9 '/•
27%
Apr
15 Ve
Deo
Deo
33-
Aug
3%
Jan
7.
Mar 31
42
May
7
3
x85
V 9% Apr
6
25
43'A Apr
28
32
7
Apr
8
25V4 Jan
8
30% Apr
6
3Va Jan
8
5% Apr
6
100
127% Jan
■
Nonpar
No par
,
26% Jan' 7
95% Jan. 26
119
112
J9
Apr
5
91% May
20% May
7
12
2
Jan
12% Apr
2
3
7
110
Jan
41
Jan. 14
'
Jan
2
32'% Jan
;
7
7
Mar 19
3
98-
x33
1,1
6
18% May
12
Jan
•
8
8% Jan
33% Jan
5
2% Jan,
2
i
7% Jan
7
2'/a Jan,
6
,
10% Jan
Apr
29%
Dec
77
Apr
97%
Deo
Apr
■
120%
Jan
Apr
6%
66
97%
Aug
16
Apr
? 1% May
Mar
90
1%
11
Jan
Jun
2%
Apr
Dec
Deo
23%
•
Jan
2%
Nor
110
Jan
3%
18
82
July
104
27
Jan
35
23%
Jan
Oct
Jan
3% Nov
8
1% Apr
Dec
8%
75%
Feb
6
4
1
Deo
Deo
Oct
3%
Nov
32%
Deo
8
16%
Sep
1
14%
Jun
18%
Oct
3
93
Apr
100 Va
Nov
25% Apr
2
95Va Jan.'
par
>May
7% May
65% Apr
Deo
42 %
19% Apr
20% Apr
13
.100
May ,7
Deo
106% May
17% Jan 12
18:
Jan
5
99% Jan
8.
5
^.25
7
3% Mar 12
107% Mar 15
4
78>
130
Apr
82
110
14%'Apr
>
100
15
9
3
No. par
.100
4
27
13
L
39%-May
103 >/a Mar
125% Apr
1
.
3Va Nov
Apr
2
100
Co
No i par
30
2
16% Jan
1% Jan
97% Jan
.-
Apr
Jan
28% Nov
Jan
8% Jan
t
64%
117
Deo
89
;j
49% May .5
1
38%
Apr
22% July
2 % May
6
Feb
4% Nov
Apr
4
Jan
96% Feb
:
No par
Apr
76% Jan
par-
100
140
6
40% Jan.21
.
—j—No
} 16% May ,7
y'ri'77% Jan, 11
*100
i
>
37%
77
x96
Jan
.5
1
7% Nov
29% May
1% Feb
2
Jan
40
,
Deo
•;
50%
.11% May
36% Jan 21
par
.'Y
1
23% May
23
.
Va Apr
6% Mar
27
9% Apr
19% Apr
;
13
6% Feb
Mar
2
4% Mar X
.
4
15% Jan
13% Jan
29 Va Jan
Mfg
•
:
•
*110'A
'"17
200
Chickasha
Childs
170
V
1,160
r.
•;:'
.
8oo
Olev
5%
10
'
19
Jan
30
6%
Apr
9%
Oct
Jan
3
27%
Apr
36%
May
7
89
Apr
98
8% May
5
%
Apr
2%
Deo
5
2%
Jun
8%
Nov
45% May
'
4,500
:,
11
24%
.
1.1%
-
•
.!
May
Feb
.5
1%
Jun
2%
4
17% Apr
5
8%
Jun
13%
Sep
4
Jan
13% May
3
4 Ve
Jan
7 Va
Nov
6% Apr
.22
Apr
6
8
41
6
52% Apr
May
Jan
5
19
Aug
17%!
Jan
1
33
Apr
39%
Jan
8
47
July
52
Jan
2
Jan
:
-10%
2% Mar .3
A
Jan
%
5
4
4
V*
Jan
1%
Sep
3% Mar
3
Va Mar
1 Va
Sep
15% Apr
30
8%
Mar 30
11%
% Mar 16
No
par
10
11% Jan
13% Jan
Sep
par
1% Jan
2
par
67% Jan
10% Jan
100
96% Jan
...5
'.No
27 - Feb
2% Jan
100
5
No
33
123
120
23 %
23
23
?
r
Co
100
1!
Graph Bronte Co
67
100
gtd—50
Special gtd 4& stock..
*.50
Molybdenum
No par
*
50
38%
33 %
84
No par
,•
"
(The)
144
*100
*
Co
A
—No
par
A
t$4.25
-
:
99
Mar 26
32
Oct
34
Mar
6.
4
5%
v
C
830
preferred
....
>
940
4%
4%
1
•
-
;
14% Jan
100
2d preferred.
.
17% Jan
108 'Jan
2% Jan
:100
:1O0
2.50
1st preferred...^
Columb Br'd Sya Inc cl Aj
Class B
100
No par
v
3% Jan
3 s Jan
15% Jan
2.BQ
15'/a Jan
1719.
■V
-
4
7
4
Mar
Jun
Dec
120
Jan
18
72
Apr
15
67%
Apr
107 %
Jun
37% Mar 29
105
;
Mar 30
90% Apr
50% Feb
22
:
May
95% May
26
77% May
16
47
Dec
3
39%
Aug
Apr
Jun
Nov
125
Deo
72
Mar
112'/a Nov
31%
102
Deo
Deo
84% Mar
May
50
48% Mar 30
32 V*
Apr
44
Jan
Mar 31
25%
Apr
36%
Jan
39
Jan
Jan
149
Nov
2
68% Mar
92
NOV
65% Mar
5
55%
63%
Jan
21% May
7
150
Jan
8
101
Feb
139
108% Mar 31
25% Mar 30
;
111
Apr
13
18% Apr
6
11 Va Mar
97 Va
•12% May
6
24%-May
2
24 Va May
12% Apr
6
2
5
5
Apr
10% May
96
May
13% May
470
Feb
17% Nov
107%
18%
108
Deo
Oct
Deo
1
18%
Jan
Apr
4%
Sep
May
%
14% Mar 15
2
2
2
Jan
Feb
470
__No par
Colorado & Southern.:
.<
11,300
1,700
con?
2'/a
28
Feb
Jan
10% Aug
May
113% Mar 16
16% Jan 11
103% Jan ,12
—No par
Colo Fuel ft Iron Corp
5,610
r
preferred.-.
70 Va
Jan
92
130
Jan
4
62% Jan 11
y:
Jan
0
3
5% May
88
__._No par
43%
25
6
39
2
Jan 23
Feb
6
Jan
2
Jan 12
Apr 22.
May
42
13
Mar 17
4
28% Jan 22
101 % Jan
7
—100
20
15 is Apr
Jan
Feb
Feb
2Va
103% Apr
4
109% Jan
No par
(The)__i__1
preferred
Collins & Aikman
3,700
n%% ■•:
23
•'
2,600
•_
.
Louis Ry.
Ilium $4.50 pfd
Colgate-Palmollve-Peet——No par
180
:
& St.
preerred
tClass
<
130
:
17%
5-12%
C.
Nov
13%
,32% Aor
10
13
.
par
11%
Deo
3% May
7
2
.
Jan
Jun
1
17
24% Jan .30
25
i
12
4
6
76% May A
4
No
Mar
Coca-Cola Intern Corp—...No par
113
4
J
Equipment
Coca-Cola
14,900
4
24%
12
il00
:
Co
Preferred
7 1,700
C
108
;
% Jan.
100
Oil
Cluett Peabody & Co..
7,600
•
:
-21%
11%
%
516
37Jan
48!/a Jan-
Climax
;
(
64%
16%
12%
101
lRVaJan,
tClev & Pitts RR Co 7%
(
a
f-
*110%
12%
■'
par
No par
.100
i
Copper
Clev El
90
:
60
64%
C.
5%
i
*107%
11
2..No
Pacific.^
Cotton
Co
Clark
C.
46
107%.
11%
....No par
div
6
-
89%
it
20%
12%
5
City Investing Co
City Stores
1,000
f
17%
&
1,200
34%
113
cum
9,400
35
,
45
24
..50
Co
Chrysler Corp
City Ice & Fuel
6% % preferred
,
150
104
>
24
Chile
1,200
.
*740.
21
18,600
i
!'.
132
v34%
64%
Isl
—50
i
Order
preferred
6% preferred
Chicago Yellow Cab
'
:
1
Co—2—No
7%
1,300
•140 *;7143%
100
•
100
143%
100
•
111 RR
Mail
6,800
5%
89%
*52
::..
24%-; 24%
17%
21%
Oct
6 Va
21'/a July
69 Va
..40
Chic Rock
10,500
39
104
v,
•
*740
■
20%
110%
20%
H
■•34%
16%
:
24%
Sep
Feb
6
Co
1
4%% preferred-100
tPr pf'($2.50)
80
:
34%
110%
22''
.
113
V 34
;
60
17%
21
-
r
35
_
20%
91
17%
*10%
•35,
*52
20'%
24
,
40
5 Va
*70
46%
•
Nov
6
8
Li
preferred
•
76
113
-
.
104
*90
•;
^
45%
—
Jan
4%
19%
1
Products
East
-i
102%
*125
»*«;■
113%
46%
17%
:
ill
*64 ft
;>
17%
11
20%
'
*107%
17%
10%
64
19%
19%
104
91
60
18
7
i
Chicago Pneumat Tool
$3 conv preferred.^
.
9,300.,
14 Va
;
39
80
*33%
.....
■
.; 5%
210
>32
40
5%
132
*70
35
45%
;
60
4
6
25% Mar 16
.'a Jan,
Class. A
200
,
3 Va
14
39
113 Va
104
45'%
r
7,100
16 Va
102%
,
41
5>/a
*125
80
*34%
-
39
112%
*103
*141
•740
...
132
112%
45%
•
*40
40
39%
.'42% May
9% May
Oct
Feb
3%
44
7
10
Pap & Fib Co
Chicago
8,800
15
,73%
14 Va
102 %
103%
*89
*52
767/e
14 Ve
*101%
75
34%
>
75%
14%
4%
Jan
Sep
•
*30
102 V2
38%
~9%
Jan
2Va
40
22% Jan
Chicago Great West RR Co
;
1
?
2%
32
14%
113%
*103
60
45 Va
76%
1
16
31/4-
102 Va
132
*60
*113
91
*52
\
X32
.
14%
*39
6Va
4
3
5% Apr
_„__1
Preferred series A__;
•;
Va
15
v
16 Va
102%
4%
*125
-35%
*103
76
-
15%
14%
38%
38
75
*60
76%
52
102%
40
40
4%
38 V8
76 Va
*15
32
32
Oct
7
May
53% Mar
preferred
Chic &
;
■
41
52 Va
14%
*102
40
*39
31%
Oct
25
16% Apr
<"
2,000
20 Va
*40%
102 Va
14%
14%
102%
76%
74%
75
*14%
31%
7%
15% Mar
83% Apr
par
Chesapeake & Ohio Ry
15,300
2
15%
32
19 Va
41
1%
16
*29%
Dec
Dec
par
1.
Cab
3%
85%
Jan
»
,
1%
15%
31
75
2% Jan
t.100
-
i'/a
*15%
31
Jan
9Ve Jan
i_.No par
6%
•
9,800
1 Va
3Va
.;
72
—.No par
.
14,000
2%
*15%
3%
7;
j6
6% May
5% Jan
'—No
Violeta Sugar
Checker
;
2
16'/a
3%
May
,12% Apr
21% Jan
Cham
■
;
l°/4
16
3%
41
Chain Belt Co
;
11,900
12%
1 Va
*15%
3%
107
4
20% Jan
6% prior preferred.
,
,6'/a
.
15.
*15%
3%
19%
3,500
;
.
t
1%
1 Ve
20,700
i
%
1
il
105% Apr 20
~
—100
Preferred
;
17%
.;
52
*40%
52%
1%
1
6
43
52 Va
100
{
16
6 Va
51%
1.900
8%,
15
13%
52%
Apr
Jun
Dec
__+_25
Cerro de Pasco.Copper
1,400
101
7%
41
3Ve
45
i
100%
-
8%
15%
17%
%
r
23%
44
2%
47%
Nov
r__5
No par
...
;
1,000
:
,
25 Va
6
19%
2,140
.
13%
41
•
■
,
7
20%
...1
Ry Co
;
Certain-teed
Jan
26%
ICent RR of New Jersey
1
112 Va
14% May
...No
Century Ribbon Mills
21,400
..
i.
20 Va
17
*51%
..
106 Va
45'/a
Xl03J/a Mar
19% May
Foundry
Central
Jan
4
—
Lt
8%
7
Apr
50
Co
111
Dec
'
5
2% Jan
i
;
110
4,200
.
19%
13%
5%
3,600
.....
18% ; 18%
17%
1
Packing
Corp
Central
Oct
6
Mar 25
May
Jan
14%
35
preferred
Central
Nov
35
30% May
__
5%
10%
Apr
20% Jan
No
Central Aguirre. Assoc
f
6,700
,*106Va
13
12%
7 ft
Celotex
r.
6,100
60
17%
6
17%
12%
9.100
;
.
20 Va
101
*100
8%
15%
18%
'
,
9%
24% Jan-
5
Zinc-Lead..
I)
Apr
28 Va July
6
7% May
Jan
*
101%
8 Va
59
i
•
120
6%
»;•;
-
:
1 Va
Sep
series prior preferred—*100
prior preferred100
2d preferred
.100
7%
9,500
39%
6%
61%
;5%
f
210
c
,7
-
114
;
Sep
'
*106
25 Va
*100
..
9,800
.
<
no
30
7
t
106 Va
20 Ve
106 Va
25 Va
...
■
18%
108
39%
.6%
.
300
11%
6%
-
110
39%
.
3Va
17
6%
280
220
107
11
>*•
17%
10% May
Jan
Jan
Apr
7
3
29
Nov
;
Va
100
Celanese Corp of Amer...'
-
•
.
20%
3
*105
,
12 %
1)0
39 %.
7 Vs.
20
3 Va
-.
'
13%
91%
20
5%
17%
6
108
39
7 Ve
106%
106
,
106
39 Ve
6%
18%
19%
-
,
107
39
59%
20%
109%
•20 Va
6%
6%
108
109 %
13%
Apr
1
Mar 29
112
'..No par
Southern
(J
•
91%
39
43
8%
Zinc
Caterpillar Tractor
7,000
f
91
16% May
;18
2
.10
Preferred
5,800
.
7.
17%
5%
39%
Va i.
103
11%
17%
106
(:
125
107
11%
38%
39
'
102%
2%
11%
*100%
38
4
35%
V
10 Va May
preferred A
Case
60
r
47
46%
1
Jan
Apr
A Apr
11 Va
tCarolina Clinch & Ohio Ryi—100
3,600
:
-
125
15'/a
17%
6
116%
Nov
20
8
__30
^Carpenter Steel Co
Carriers & General Corp
3,100
140
*139%
-■13%
107
11%
6
%r'5%
115
-
630
900
.
^
110
•
13%
3
107
28%
5
38%
90%
19%
2%
107
94
7 28 >/a
.
102%
%
17%
*5%
59%
44%
19%
2%
2%
107
V
>;
$3
Nov
21%
5
preferred__100
Capital Admin class A.
.
*93%
•-
1,700
•"
.
9%
Jan
30
-
i
Jun
29% Apr
preferred
tCanada
7%
15%
2
1% Mar
27
9% Jan
preferred..
Canadian Pacific Ry
Cannon Mills
500
.
9'/a
125% I.--'"
102%
110
40
20% Sep
25
48 Mar
Jan
1
& Hecla Cons Cop
Campbell W & C Fdy
Canada Dry Ginger Ale
70.300
41%
•
t
48% r>
37%
,
*124
90
Va
47%
102%,;;
6%
100
49 Va
48%
3?%
39%
*24
,
123%
19
106
18Va
139 Va;,
102 Va
5%
*19%
115%
115%
139%" 140
39%;
18
*106%
115%
139
114
124 >/a
11%
58
5 Va
102%.
107
11%
.6Va
5%
38%
14
17 Va
39
49
28%
124
3
♦100
139 Va
102%
*89%
107
5 Va"
115%
139%
94 V4
*28 Va
5%
5 Va
93%
28%
"
?
11%
May
Dec
10% Apr
1
18% Mar 31
100
Calumet
17,600
*42% •44
94%
•
102%
19
f
5%
115
94'
*28%
37%
9
t5%
3,700
i
41%
.
9 Va
44
California
Callahan
7,500
18
23%
.
10%
41%
SVa
*42%
124
14
*2%
4%
48%
,102%
•
90
*106%
28%
*40%
9%
44
124
109
13%
94%',
28%
-
;
41%
9%
*4.2 Va
••■■.•
„
109
125
"89%
41%
r
»k-
113
38%
%
102
108
9
44
139%
46 Va
38%
102
*124
41%
94 Va
:■
-
5
110%
47
46%
291
*137
139%
*-137
94%
*4%
5
5
9
*42%
29
95
.,.*94%
*28%
*
36%
10%
42
44
*42%
19
37
10%
42
*8%
-
8%
17%
-
3,000
Nov
Xl5
6
43% Feb
6% Jan
...1
Byron Jackson Co
40
1%
-
31%
14% Jan
Participating preferred
8.900
55
17%
;
270
3
100
Bldg 1%
conv
Oct
Mar
19% Jan
;
Butte Copper &
Byers Co (A M)
4,500
,
27%
21
10
5%
3%
44% Mar 30
,
76% Jan
par
preferred
Term
28%
Jun
,
par
Butler Bros
10,500
.
15%
80 Va
17%
,
5
4%
15%
81
...
6%
9,900
.
Jan
No par
Terminal
Bush
400
15%
20%
*41%
v
80'/a
*54%
-
8%
*35 Va
90
15%
22%
7
1
No.par
Burroughs Add.Mach
580
80 Va
22%
56%
1%
,•
Watch.i
Burlington Mills Corp.....
57o preferred
Bush
i
Dec
22%
Jan
1 %
25
;
___1
No
16,300
.
69
41
No
15,500
t
15%
26%
*54%
f;
Wheel
Bulova
18,400
•
700
75
9
*24
;
41%
41%
24 Va
4%
30
80
.
22%
8%
6
75
41%
*24 Va
-
800
30
105%
v
Budd
21,400
*
29%
*105 %
40%
16
A Jan 13
...lOO
Co
6
Jan
37% Jan
No par
;___•,
Forge Co
26 Va
6'/a
33
12
26%
9%
12
28% May
104% Jan
preferred
17%
5%
4.
.100
7 %
25%
11%
4
Jan
18% Mar
7
.3
35% May 5
,24% Apr 28
12% Apr .5
7
17
5%
Jan
Jan
17%
v
6% Jan
.
25%
11%
9
20% Jan
i
Feb
40%
■
19%
8
6% Apr
•
7 •
5
Co
17
5%
,27% May
34% May
2
25
11%
Jan
7
Dec
95%
May
2
Bucyru^-Erie
43
Apr
13 '/8
8
9%
*65
30%
Jan
24%
*33%
46% Mar 16
24% May
9% Jan
17%
34
2
8
13
9%
*33
May
29% Jan
24%
9%
72
No par
110
;
112
109%
Brooklyn Union Gas
3,200
Jan
; Mar 20
Brown Shoe Co—No par
Bruns-Balke-Collender...
No
par
700
*
10
7%
-
20,000
37%
*112
.
109 %
105
16 Va <■
38%
112%
6%
7%
104
7,200
15%
-
Jan
Dec
21%
95
5
__
12
75
May
2:
Jan
Apr
July
25
13
Jan
14%
8
6
Jan.
Jan
7%
58
9
56% May
12
Dec
19%
:
May
20
No par
Co
Feb
13 Vo
Bropklyn & Queens Tr......No, par
Bklyp-Manh Transit.....
No par
*16%
9%
97;
2% Jan; 9:
28% Jan 16
par
per share
Jun
21% Mar 30
22% Jan
t
Briggs & Stratton
800
1,100
,
1%
16%
9%
111 Va
112%
104
16
16% wl7%
9%
•
16%
*39
17%
7
108 Va
-
42'-..;
42%
13
32
42
*111 Va
112%
Si
Va"
1
16 Va
39
42%
'
1
1V8
42%
42%
2
26% Jan
.'.No
12 Va Mar 31
9
5
4v5:rb V
11%
17
.100
Manufacturing
25
,V4-
29
Sep
38% Jan
Bearing Co
_____5
Brewing Corp. of America___._._15
Bridgeport Brass Co.___.__.lVo. par
14,500
Jan
__I5
.
17% Feo
5
7
91% Jan
par
_
Corp
5
$
Apr
2
\
Highest
Apr
14%
14% Jan
1
(The)..
18 %
6
41 Ve Jan: 13
.
5
A—mj..No par.
._,—_
Co
76-
100
Inc
5
19% Mar
9% May
9% Jan. 26
par
1942
$ per share
38% May
4
i
'
*3!
•
39
*38
*17
100%
41%
u
32
1
16%
8%
42%
No
5
Brass...
v:
*42
1
Roller
Bower
—
6,100
.
28%
par
;
Boston & Maine RR
1,300
.
'
Si
class
Borg-Warner
4,800
25
Co
Stores
Borden
9,000
:
Ami
Class
10,400
34%
•
u.% "' •:•
28
..
26%
Aluminum
Bond
13,000
'..v,;,v.5% ■?'. .v: 5% f
25 :•/"?••.
Bon
170
v
33%-
*
•
Laughlin Inc
Boeing Airplane Co
Bohn
50
24%
:
-.No
Bloomingdale Brothers..
3,100
45%
23%
Co
Blumenthal & Co preferred
21,400
.
91%
>
45%
;
35 Va
*34%
35%
*24 Va
•••>
6% Jan
13% Jan
Blaw-Knox
Bliss &
Year
Lowest
$ per share
4
Mfg Co
90
19% t55%
91
.
45%
22%
Jan
Decker
4;
Highest
v
8
16
&
60
19
93 '•>'*•:
*91 ^
.
27% Jan
;
55
■-
$, per share
No par
1,300
12% i
■')
Par
■
•:
.
No pur
97
:>
•
4
Black
33,200
*11%
20 %
53
.
"
.
Lowest
Blgelow-Sanf Carp Inc
17
*92
93%
Range Since January I
«■
2,900
.
9%
1.7
Range for Previous
STOCK
6,800
18%
9%
17
17
34% '
18%
YORK
EXCHANGE
■
Shares
'.
1711
STOCKS
NEW
the Week
.-r
per'share
'•; 34
..
for
Sales
May 7
.V.
^
:-
Wednesday
*18Va
*16
& FINANCIAL CHRONICLE
5 Va
% July
5
Sep
Sep
8%
Apr
16%
Deo
8%
Apr
16%
Deo
Monday, May 10, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1712
NEW YORK STOCK RECORD
LOW
Saturday
>
May 1
May. 3
,
$ per share
$ per share
':v
$ per
3%
4%
4%
4%
4%
3%
4%
59%
59%
59%
583/4
59%
58%
59 3/a
56%
56%
55
55
55%
230
92%
92
92
17%
17
17
3%
59 %
59%
54'/a
55
55%
55%
55
55%
92
91
92
92%
17%
17%
59%
*'90
16%
106 Va
*1051%
36%
36%
36%
36%
36%
36%
37%
36
1061/s
*105%
106%
*1051/2
110%
110%
110%
1103/4
110%
14%
14%
14%
15'/4
143/4
%
%
57
24%
14
% v-.'tf %
56%
56%
55%
24%
24%
7%
♦•24% i
''*71/4
73%
21%
183/4
19
-2t\
,v
21%
103%
103%
*98%
-
6
19 S/8
96%
13/4
15%
57
7%
73/4
213/4
22%
22%
1001/4100%
.
102
100'/a
100%
1%
57/s
23,700
Consol
Consol
Edison of
2,900
2%
2 3/a
2%
31/4
23,100
15%
16%
16%
17%
12,800
3%
3%
3%
33/8
3%
2,400
10%
10%
11%
10%
11 'A '
6 :
20
•
11%
11
11%
11
11
-
11
$2 partic
20
Xl9%
20%
19%
193/4
19%
18 3/a
19%
25%
25%
25%
25%
25%
25%
25%
25 3%
25%
25%
25%
9%
9%
9%
9%
91%
93/4
9%
9%
9%
2,700
9%
15%
14%
153/4
143/4
15%
15%
15%
163/e
18,600
143/4
15
15%
*9
15%
Consol
69
65
65%
68
70
65
*65
98
973/4
98
97
973/4
973/4
98
98
973/4
97%
98
*97%
22%
223/4
x223/4
23
223/a
223/4
22%*
22 3/4
22%
5%
6,700
22%
22%
22%
8%
8%
8%
8'A
8%
8%
9i/4
30,900
8%
8
102%
*102%
103
103
103
*65
71
*67
8%
*103%
104%
65%
105
104
104
104
8%
9
32%
14
14
14
14
14%
133/4
14
14
14%
4,300
48%
49
2,500
Continental
48%
48%
483/a
48%
48%
48%
6%
6%
63/4
6%
7%
7%
79,900
6%
6%
63A
6%
63/4
Continental
6%
35%
3 5 3/8
357/a
343/4
353/4
35%
351%
11,600
Continental
34%
343/4
34%
353/4
33%
233/4
23 3/4
*23%
24%
23%
23%
23%
23%
24%
23%
400
23%
13%
133/4
*47%
48 3/4
13%
14%
14%
483/4
13%
*47%
14
13%
133/4
483/4
48 3/4
48
45
44%
45
44%
44%
44%
45
45
45
44%
44
45
58%
583/4
587/s
58%
59%
58%
59%
58%
591%
58%
58%
58%
4%
178V4
*177
178
*176
1%
1%
18%
18%
103%
22
16%
16
24%
19%
105
*104
104
*21%
13/4
1%
l3/4
1%
183/4
19%
19
20%
Crane
1%
20%
19%
20 3/4
49,300
*104%
1043/4
460
13/4
1%
.
22
22
22
21%
22
22%
22
21%
22
21%
16%
19 y8
20
20%
20%
20%
20%
21
22%
21,300
24%
25%
26
26
25%
25%
25
25%
243/4
25%
4,000
24%
42
42
42
42
42
41
42
41%
41%
1,000
13%
14
13%
14
133/4
14
14
14%
14%
14%
7,400
91
90%
91
91
91
91
91
91%
91%
550
90%
36
36%
35
36%
80
79
79%
193/4
19
19%
%r
14
14
*90%
91
*21%
*41
.
36
35%
36%
361/4
36%
36%
35%
35
79%
80
80
80
80
79%
793/4
79%
20
203/a
19%
20%
19%
19%
*19%
19%
9%
10
9%
lOVa
9%
*107
f
9%
10
•
*79
19%
9%
10
1*17%
22%
•107
111
*107
109
*107
109
111
111
*95
100
*95
100
*95
100
*95
18
f
4%
*32%
8%
23%
18%
181/4
2P/4
213/4
1033/4
*103
51/8
4%
5
72
72
f
22%
103%
*103
333/4
33%
33%
5%
5%
*723/4
33%
33%
5%
74
:
333/4
9%
9%
9%
9%
24%
24%
24%
24%
5%
5%
74
74%
75
33%
33%
93/8
/
8%
93%
23%
105
*96
105
*96
105
*96
105
100
*86
100
*86
100
*86
105
*96
92
♦86
100
*86
20
20
20%
20 3%
20%
—
1
*5%
♦18
5%
53A
5%
15%
16
16%
113
*112%
17%
17
*112%
'
*18
20
*18
20
113
6%
6
6
*112%
20
•18
20
17%
17%
*112%
113
6%
17%
113
6%
*18
112%
113
*1121%
No par
'.r
D
Chemical
Davison
Corp
18%
17%
17%
17%
17%
163/4
16%
16%
2,000
Decca
353/4
35%
35%
35%
353/4
353/4
361/4
35%
&
33%
333%
33%
33%
*33%
333/4
34
34
33%
33%
33%
33%
7,900
2,600
Deere
34%
36
34%
171/4
17%
17%
*17%
*18
17%
17%
17
17
20
17
17
17%
16%
17%
16%
173/4
17%
163/a D
9%
9%
93/4
91/4
10%
10%
93/a
100
*16%
17
9»/a
9%
9
1
18
17
9%
1%
13/8
1%
2 3/a
2%
183/8
18%
18%
18 3/a
18%
18%
47%
47%
47%
*48
50
25
25%
25%
25
25
32%
32%
32%
39%
393/4
393/4
1
100
& Hudson
17%
18,800
Delaware
10%"
78,800
Delaware Lack & Western
tDenv & R G West 6%
7,300
2%
50
pfd
1%
1 u
11/8
18%
18%
18 3/8
*47
48%
*47
48%
*23%
24
24
24%
243/4
♦31%
32
32
32V4
32
*38%
39
383/4
39%
15
15
15%
153/a
15
15%
15%
153/4
15%
15=%
2,700
29%
29%
29%
29%
291/4
28%
291/4
4,400
Distil
29
29%
29
28%
283/4
*89%
93%
90
90
90
90
89 %
100
20
Diamond T Motor Car Co
15%
15%
29
18%
*47
*48
24%
*89%
32
32%
39%
93%
6%
90
90
*13
13%
13%
13%
133%
133/a
13%
13%
*13%
133%
500
40
40V8
40%
40%
401/4
40%
40%
40%
40%
920
40%
40%
29%
30
29%
29%
29%
30
303/s
29%
30'/a
9,600
28%
293/4
28
193/4
20%
20%
21
20%
203/4
20%
193/a
203/4
13,600
20
19%
20
72
72%
72%
72%
73%
72%
73%
72%
72%
71
143%
143
27%
f
7%
*11%
144
145
145
27%
27
28
27
73/4
8
12%
*113/4
73/4
8
123/4
122%
*12
144%
145
146%
27%
29
28%
29%
81/4
73/4
8%
7%
8%
12%
12%
145
13
"117
144%
145%
1453/4
145
129
128%
128%
"127
120
120
120
120
120
Doehler Die Casting Co
122%
147
147%
147%
1481%
8,400
127%
127%
1271/8
127%
400
120
120
120
119
120
390
Mfg Co
V 37%
371/8
38
373/4
73/8
7%
7'/s
162
162%
163%
163%.
183
183
183
183
7%
40%
7%
7%
38%
7%
73/8
71/8
7%
1633/4
164%
164%
164%
38
*183
40%
40%
40%
40%
4074
*183
186
'
41
41%
185
41%
15%
14%
*14
35%
"12%
4%
4%
14%
14%
14%
14%
14%
15
35Va
35%
36%
363%
363/4
36%
36%
13
13%
131/4
13%
133/a
13%
41/4
51/4
4%
5%
4%
4%
*51%
52
38%
28%
116%
413
63/4
4% /•: 43/4
4%
56%
55
55%
54
55 3/8
51
51%
50
50%
49
50
38%
38%
39%
39%
39%
393/4
393/4
28 3%
28%
•51
*113
6%
7
116%
7%
29
29
*52
53
54
116%
*113
7%
7
76
75%
75%
79
78%
79%
*82
83
"82
83
*75%
tt
For footnotes
see
page
1719.
%
28 3/4
%
283/4
54%
116%
*118
6%
7
28%
*52
"113
6%
393/4
283/4
7%
1643/4
*183
H 40%
7%
165
Efill''I
16%
35%
36
13%
133/8
4%
4%
4%
53%
493/8
43%
•
Electric
Auto-Lite
9,200
Electric
28%
*52
28,300
116%
6 3/4
1,200
;
...
20,100
75
75
75
75
110
78%
79
78%
79
420
83
1
1
84
1
85
1%
mum
160
29,000
Endicott
5%
Jan
3/4 Nov
Jan
9
3
Oct
7%
Nov
—_
8%
Jan
9
Nov
39
Nov
May
96%
Jan
113/4 July
16%
43/a Jan
Jan
82
Oct
5
21/4 Apr
Deo
Jan
77
Apr
103%
21%
7
Apr
28%
Deo
83/4
Jan
5% Sep
Apr
423/4
Dec
23/4 May
4%
Nov
30 3/4
17
Apr
27%
Dec
50%
Apr
21%
Nov
Jan
»
Apr
12%
Mar
51%
Jan
235/a
Apr
37%
Dec
42%
Apr
58
Apr
179
8s/b
45
159
Oct
3%
Nov
%
2% May
lit
\i Deo
Nov
Apr
10 a%
Apr
14%
Dec
85
Jun
98%
NOV
12% Jan
f 10%
Dec
9%
5% May
7
14% May
•
Dec
20%
Nov
41
Jan
32
Mar
10
Apr
12%
May
233/4 May
88%
Jan
30%
NOV
63
Nov
77
Sep
84
Jun
133/4
5
7
8
2
Jun
8%
Jun
9
Jan
Jun
140
Jun
>
88
Jan
74% Jan
Deo
8 3/4 May
6
95%
13%
Jan
19%
Sep
13
Mar
00
Feb
100
Jan
2
Oct
13% May
32%
Nov
12
20%
Oct
Jan
ii
6% May
77% May
Apr
36
Jun
Deo
57/a May
0%
24% Mar 29
18
Jun
25%
10
80
Jan
95
Oct
Jan
81
Nov
18
Oct
9% Apr
Feb 26
84
Feb 10
15% Jan 4
Feb
87
44
Mar 31
12% Jun
21% Mar 29
Jan
3% Jan
5
Jan
Jan
9
2
17
12
108% Jan 20
11
Jan 12
Jan
5
12
Jan
2
8% Jan
2
3% Jan
2
Jan
% Jan
5
16"% Jan 12
Mar
26 / Jan
37
Jan
Mar
173/4 Apr
Feb
114
6
2%
3
15%
Dee
4
Jan
17%
Oct
Aug
12%
Nov
102
6
16
Mar
4% Apr
18 3/4 Apr 29
36% May 6
Jan
110
10%
Dec
Apr
27%
Deo
25V4 May
30%
Nov
Nov
18%
Mar 31
34
Apr
8
4
9%
Apr
13%
5
5
7
Jan
11%
Oct
10% May
27/a May
4%
Jan
3% Mar
1
17% May
173/4 May
3*4
Jan
1 %
Sep
18%
Jan
19% Feb
17
14% Apr
1
48% Apr
30
37
Oct
87
Oct
7
6
6
27
Mar 25
8% Jan 20
21% Jan
8
83% Jan 13
10
Jan
2
38% Feb 18
22% Feb 20
151/2 Jan 20
56
Jan
5
130% Jan 12
16
Jan
8
51/4 Jan
5
4
Feb 16
134
Jan
5
125% Jan
8
117% Jan 13
Jan
9
6 '/2 Apr
19
116
14
Jan
21
Jan
8
18
Apr
27%
Jan
39% May
39% May
5
5
33% Apr
16% Apr
16% Apr
Apr
31
Apr
5
5
90% Apr
90% Apr
1
1
15
15
8%
161/3
70
7%
321/4
16%
33% Mar
_
31
14
14
Apr
Apr
5
5
40% Mar 31
40% Mar 31
Aug
Mar
Jan
July
23% Apr
23% Apr
8
8
8
May
Apr
Apr
73% May
73 % May
4
4
B1
May
May
29% May
8% May
13% Apr
7
6
95
Apr
30% May
30% May
148
6
6
13% Mar
2% Apr
8
Jan
4
8
112
102%
120
111%
9
148% May 7
129
Apr 26
120% Apr 5
116% Mar
Feb
May
Apr
Mar
39% Aug
9%
Feb
22 3/,
Dec
87
Nov
9%
Dec
29
Dec
26
Deo
163/4
Deo
703/4
Oct
134%
Dec
16s/4
7
Deo
Oct
10%
120
Nov
July
144
Jan
127
Nov
118%
Deo
31% Jan
f- 33/8
Jan
13
2
40% May
163% Apr
2% Jan
6
7% Apr
7
Deo
34
4%
Nov
151%
Deo
180
Nov
6
108
Apr
26
170
Mar
41% Apr
5
26
May
36%
Dec
8
16% May
7
11
Oct
15
Jan
30% Jan
4
37% Mar 31
20%
Jan
303/4
5
2
14
9%
Dec
133/a
Jan
ft
Feb
1%
Nov
Jan
1%
Nov
146% Jan
20
165% May
178
Jan
18
183
Jan
19
11% Feb
1
Mar 30
3
Apr
Dec
4
5% May
1% Jan
5
4% Apr
31% Jan
20
57
Apr
30
17 V*
Apr
No par
28'% Jan
20
30
15
Apr
323/4
Jan
24
29
Jan
34%
Nov
191/4 Apr
26 3%
Feb
49%
Dec
par
333/4 Jan
2
52% Apr
40% Feb
23% Jan
7
293/4 Mar 31
..50
Service..
t$5% preferred.
t$6 preferred...
Equitable Office Bldg
5
109% Jan
11
1
preferred
49% Jan
100
Johnson Corp..
2% Jan
4
-
%
26
...3
Natural Gas
Engineers Public
t$5 preferred
Jan
Nov
94
1% Jan
Elec Storage Battery
Paso
7%
16 7/8
Apr
No par
_
El
73%
1%
2
shares.
preferred
2,500
54%
116%
—
Electric Power & Light
$6 preferred
393/4
Feb
_No par
Elec & Mus Ind Am
$7
283/4
mmmmrn.
(The)
31,800
2,800
*113
84
Inc
Boat
5,300
Dec
10% Jan
par
.100
1,800
4,200
Dec
12%
May
35
No
(N J)
preferred
Edison Bros Stores
83
%
Kodak
cum
55
39%
6%
6%
Eaton Manufacturing Co
493/4
54%
7
Eastman
30
Mills
4,300
41%
16
5
Rolling
18%
Mar 31
100
96
i
'
1
Eastern
2,300
184
1st pfd._-.-100
Eastern Airlines Inc
5,200
X41
No par
100
20
No par
(E I) & Co
preferred
Duquesne Light 5%
10,100
78%
73%
►76
83
83
"82
3/4
,
*52
79
'H
5
55%
80
75%
4%
13 s/8
43/4
*78%
75%
4%
43/4
36%
56%
23%
53
'
5
133/a
41%
16%
51%
4%
54
38%
*51
4%
133/a
36%
165%
187
*50%
4%
56%
56
165
*183
41%
39
1
$4.50
If'
39%
No par
International
Du P do Nem
"
393/4
38%
No par
preferred
8%
127%
120
—No par
Duplan Corp
400
'•If
147 /:
*127%
No par
—No par
Dome Mines Ltd
Dunhlll
• :
par
No par
Dresser
122%
120
*117
12%
122%
100
No
Co
1,700
117
•
2
No par
A
7,900
29 V*-
12
*11% ,.12%
Cup
13,100
148
8
25
Dow Chemical Co
146
128
122 %
7%
par
pref with warrants
Dixie
V • Class
Douglas Aircraft
*117
145%
J 27 %
29
No
Corp-Seagr's Ltd
5,100
721%
*117
122%
144%
♦116
147%
147%
27%
71
No par
preferred
partic
5%
400
*89%
13%
2
17% Jan
900
13%
"*40
*
■I
Jan
22
40
Raynolds A
Diamond Match
8,455
39%
8
2
2
2
2
Devoe &
480
39%
100
Jan
1% Jan
30 % Jan
17
Jan
6% Jan
Detroit Hillsdale & S W RR Co.-lOO
10
50
243%
32%
32%
*39
Detroit Edison
13,600
18% < v
23
104
10
10
18
1%
8
26
29
20
Preferred
Delsel-Wemmer-Gllbert
800
20% Apr
4
1
No
Co
10% May
110
Apr
96% Apr
Jan
33/4 July
-26% Mar 30
44
Mar 15
14% Apr 6
91"% Apr 29
37% Apr 6
82
Apr 6
20'A Apr 30
Jan
18
par
Records Inc
I8V4
16
18%
34%
*
25
1
(The)
7
7
9
1
20
Dec
-■
.__3
_
Dayton Pow & Lt 4%% pfd
113
18%
f
No par
Davega Stores Corp
Conv 5%
preferred
13,600
173%
17%
173/4
900
•
20
*18
20
17%
63/s
6%
6%
.100
Cutler-Hammer Inc
7,300
■
'
pfd
$8 prefened
——
par
No par
1
A
Class
•
21%
20 %
21%
20%
No
Cushman's Sons Inc 7 %
100
*96
100
71% Jan
91/2 Jan
7% Jan
105
Feb
92% Mar
Dec
34
Feb
22
15
22% May
Nov
97%
—
49
47
10% Jan
"
No par
preferred
Curtiss-Wrlght
3,100
-
5
Prior
89,700
23%
/
30
Inc
Preferred
14,400
9
Jan 15
18% Jan 12
6
4
2
32
Jan 11
j.100
100
Curtis Pub Co (The)
490
353%
241/4
9%
24
Sugar
4
37% Jan
11% Jan
81% Jan
.-100
-100
100
preferred
4% %
60
71,700
'77%
33%
Press
Cuneo
900
6%
5%
*96
*86
19%
l%Apr 29
20% May 6
105% May 6
23% Mar 12
Cudahy Packing Co
3,500
221/4
105
5.
No par
preferred
preferred—
preferred
5'/a % conv preferred
104 w 104
104
*1033/4
104
•_
t7%
18% *19
22
9%
24
19%
19
21%
*1033/4
1033/4
74
33%
183/4
21%
24'/4
8%
9
23%
5%
*73
73
72
X
19
213/4
conv
Cuban-American
22,600
noo
17%
22
1033/4
•95
Zellerbach Corp
Cuba RR 6%
109
21%
18%
*21
105
19%
*107%
100
100
•
*95
*107
5%
5
2
No par
5
No par
Crucible Steel of Amer
800
1,180
7
Apr 6
May 6
Mar 29
Mar 30
10
Apr 30
16% May 7
70
May 7
98% Mar 19
x23
May 4
9% May 7
2
No par
preferred
conv
t$5 conv preferred
10,000
1
10%
10%
lOVa
Crown
7
3%
11%
21%
27%
14% Jan
Jan
Jan
Jan
Jan
Jan
Dec
105V2
% Jun
7
Apr
1% Jan
4% May
7
95
Jan
16% Jan
No par
Crosley Corp (The)
Crown Cork & Seal
$2.25
11
May
Oct
291/4
89
78
100
2
preferred
conv
Cream of Wheat Corp (The)
1,200
;.
5
98% Mar 17
17% May
35
741/4 Aug
83
Apr
7
20% May
5
3'A May
Oct
11%
4
Sep
11% Apr
6% Apr
5
2
1
1
Co
5%
Jan
2% Jan
H Jan
Coty Inc
Coty Internat Corp
11,300
4,700
1053/8
1%
20%
105
105
104
104%
•103%
•
240
5
4%
■'f 5
5
50
20
25
100
■[Preferred
178
178
178
4%
5
Jan
3%
24
May 7
21% May 7
103'A May 1
lu2
lviar 16
18% Jan
x9% Jan 7
45
Jan
6
37
Jan
2
53% Jan 20
176
Jan
2
No par
Refining.,.
Products
Corn
7,600
42
*41
ii.
1%
1%
18%
:
5
5
178
178
177%
178
178
X4%
5
4%
4%
5
Del
of
Oil
tCorn Exch Bank Trust Co
660
/
Motors
Copperweld Steel Co
tConv pref 5% series
50
*47
*
5
$2.50
1
Insurance
Continental Steel Corp
1,700
48
13%
*47%
14%
48%
'48
23%
Apr 5
Apr 14
Apr 7
59% Mar 4
180
Mar 3
5
May 3
Continental Diamond Fibre
48%
48%
13%
20
Inc
Can
31%
48%
*24
17% Apr
1% Jun
12% Apr
.9% Aug
33% Mar 31
15
Jan 16
49
Apr 8
7% May 6
37
Mar 30
25% Apr 6
100
32
48
1
3
Feb
May
25
8
7
2
7
8
8
2
25
—No par
313/a
13%
V: 14
.
26%
7
40%
4%
251/2
No par
preferred
Continental
9,100
31%
31
313/8
31
100
31%
30%
Jan
7
2
6
100
25
pfd
Continental Bak Co
8%
Oct
44%
34% Jan
89
Jan
16
Jan
x4% Jan
96
Jan
1
of America
Container Corp
400
7'A May
3® Jun
21% July
10
2
13
22
12
16
par
preferred
tConsumers Pow $4.50 pfd
650
105
6%
of Cuba
RR
conv
31
13%
30%
—No
Aircraft
Corp
Consolidation Coal Co
400
70
15 % May 4
% Feb 15
58'A Apr 21
IO1/4
2% Feb
^>7
Jan
18% Apr
25
Mar
4% Jan
7
Jan
Preferred
3,800
109%
25
22,500
19%
19
20
9
Oil
Consolidated
Dec
100% Mar
111
2
7% Jan 11
Jan
Mar 25
5
1061/2 Mar 31
2
2
hJan
843/4
51
% Jan
No par
5
Corp
Consolidated Vultee
19%
4
5
4% Jan
15% Jan
par
No par
1
preferred
Laundries
Consol
62,800
25 3/a
No
N Y
preferred
Consol Film Industries
$5
54
45%
39 Va Mar 30
37'A Apr
7
2
5
6
21% Nov
Sep
l
373/8 Mar 25
Jan
Jan
Jan
Jan
Highest
$ per share
30% Sep
29
Sep
91% Jan
5
Coppermines Corp
39,600
97%
16%
3%
3%
preferred
prior preferred
61/2%
260
101%
2%
16
163/8
3'/e
1%
40
107
20%
21%
16
100%
5%
2%
3
*103%
17%
10%
89
90
No par
No par
100
100
Congoleum-Nairn Inc
193/4
97%
16%
8,300
1942
Mar
5% Jan
24
Jan
16% Jan
91% Apr
20'A Jan
Apr
18
21% Jan
2
2% Jan 13
No par
97
98
3
24
21%
1003/4
53/4
203/4
16
•:""f
Consolidated Cigar
23%
20%
106
100%
6%
20 3/8
97%
2%
Conde Nast Pub Inc
4,400
3,600
Jan
36% Jan
25
Co
98%
53/4
20%
97
7%
Edison
20%
6 3/a
201/4
2
7%
32
No par
$6 preferred series
Commonwealth
.97%
.-//// 6%
97%
14,200
20%
*103
102
102 %
102%
8,200
24%
364,100
23
20%
20%
20%
201/4
20
55%
24%
7%
22%
21%
54%
24%
7%
1
6%
2
56
24%
8
Commonwealth & Southern__Wo par
" %
%
553/4
24%
20%
9S%
16
3%
*3
'10%
56%
24%
No par
Commercial Solvents
40,000
15'/a
No par
No par
t$4.25 conv pf ser '35
13
U
24%
6%
96%
14%
\i
19%
6
19%
15%
57
103
100
220
92% May
13
7
104% Jan 19
293/8 Jan 15
107% Jan 5
9% Jan
2>
100
preferred
conv
Comm'l Invest Trust
10,800
1103/4
H
100
*102%
100
"38%
1103/4
%
8
20%
19
'
38%
111%
56%
21%
•.
151/4
38%
*110%
143/4
1103/4.
24%
8
41/4%
38 %
383/b
38
4
603/4 Apr 16
57
Apr 8
30% Jan 11
25% Jan 14
No par
—10
Credit
Commercial
79% Jan
9
Jan
par
par
$2.75 conv preferred
106 %
37%
106%
37%
*105%
37%
2
2
No
Co
Pictures
4% May
2
40% Jan
37
Jan
No
Carbon
Columbian
9,700
,
1% Jan
100
100
preferred series A
preferred
Columbia
6,900
.36%
110%
36
36%
17%
17
5%
500
92
*90
>
17%
36%
37
110%
405%
107
36%
93
17%
35%
14%
♦1.05%
•
35%
*90
6%
600
*36
36
36
35%
34%
34%
34%
•';/
36
*35
36
*35%
17
17%
4
Previous
$ per share
$ per share
share
No par
Columbia Gas & Elec
139,700
2,200
55
3%
59 %
"
$ per
Par
•
Range for
Year
Lowest
■■
Highest
Lowest
EXCHANGE
Shares
$ per share
$ per share
$ per share
share
59»/4
4
3%
V
V-
the Week
v-%c.r7.
Range Since January 1
STOCK
NEW YORK
Sales for
May 7
May 6
May 5
May 4
Friday
Thursday
Wednesday
~
'
r':;i"STOCKS
PRICES
SALE
AND HIGH
Tuesday /
Monday
Mar 23
393/4
Apr
116% Apr 29
107 »/.
Feb
22
1%
Apr
55
7% Apr
35%
Jan
Oct
112
3%
Jan
No par
54
78
Apr
21
40
Apr
66
Jan
No
573/4 Jan
4
82
Apr 22
46
July
73
Jan
62% Jan
5
85
7
47%
Apr
83
% Jan
8
1
x1.
Dee
par
No par
No
par
Jan
7
May
1% Mar
Jan
%
Oct
iAA' J. ■'■■.' ''-AAA /A'; ;/AA■:;:.:vr.
Volume
157
LOW
153/a
10
50
-
78
7%
16
.
16
163/4
$ per share
share
$ per share
16%
16%
16%
153/4
16 Va
8,100
V
153/4
16 3/a
16
16%
15
16'/a
52
52%
52
52 3/8
*74%
8
10%
28
9%
93/4
93/4
27%
27%
27%
28
27 %
1%
1%
1%
2
1%
*74%
78
78
5%
73/4
7%
7,100
10%
10%
10%
10%
10,000
27%
28
27%
28 Va
27%
28 Va
3,400
Ex-Cell-O
2Ve
2 3/a
2Va
4,300
Exchange
Fairbanks Morse
2%
2 Va
2%
■
2
Products
Evans
8% Jan
9
Jan
9
100
39% Jan
12
..50
68% Jan
18
Cleaner—
Vacuum
7%
10 3/a
8
par
RR Co——
Pitts
Eureka
7%
10%
8
Va
No
lnt
par
8
5
Corp
33/4 Jan
2
5
Co..,—.——
5% Jan
4
3
Buffet Corp
24
Jan
s/4 jan
$2.50
Year
/
Highest
$ per share
No
pref series A—...
Erie &
78
*74%
benef
Ctfs of
6,800
78
Lowest
JErle RR common
67,700
523/n
7%
Range Since January 1
Par
513/4
10 Va
Range for
STOCK
Shares
16%
*74%
1713
EXCHANGE
the Week
May 7
52 3/a
10%
7%
per
NEW YORK
for
Sales
Friday
May 6
153/4
73/4
78
*74%
Thursday
51%
16 3/a
51%
7%
$
16
16%
49%
•
AAA;! AaA ' A-iAAA
STOCKS
PRICES
May 5
•
$ per share
share
16%
50%
SALE
Wednesday
May 4
$ per
16 Va
*74%
HIGH
Tuesday
May 3
$ per share
15%
AND
Monday
A
May 1
1
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
Saturday
^'AAvA
13
19
$ per share
•
163A May
16% May
P»-»vious
J 942
Lowest
per share
4
Highest
$ per share
4%
Jun
4
37/e
Jan
10
52 Va May 6
77
Mar 26
32 y4
Jun
44
Jan
70
Dec
70
Dec
8'/a Apr
A"
10 Va
Oct
17
1%
Jan
4Vi
Sep
107a May
7
29% Mar 30
4 Ve
Apr
7 Va
Dec
May
283/a
Oct
Jan
1V4
Nov
Jan
23/8 May
20
5
F
& Co
38%
38 'A
38%
383/4
39%
40%
40
40
40
40%
39%
39%
2,500
par
33% Peb
4
42
24%
24%
24%
24%
24%
25
25
25 Va
25%
26
25%
26%
11,300
Fajardo Sug Co of Pr Rico
20
21 % Jan
6
153/4
15%
14%
15%
10,600
Federal
15
6% Jan
2
26% May
15% May
13 3/a
143/4
143/4
98
98%
99%
99%
28%
28 %
28%
29%
29%
29%
15%
15%
16
15%
15
:
143/4
15
15
100
15%
153/4
*101
101
100
100
29
*16
A
293/e
28%
16%
16%
15%
101
350
28%
29
3,500
16
102
16%
100
29%..
16'A
*5%
5%
53/4
5%
53A
5%
53A
5%
20 </4
20
20
20%
20%
20%
20%
*20%
20%
20%
89
88%
88%
883/4
89
883A
89%
883A
89 3A
*883A
89
14
*133/4
53/4
6
Federated
893/4
170
t4%%
4%
Feb
18'/a
Jan
conv
8
91
Mar 30
74%
Nov
87
Jan
12% Jan
27
preferred
Enamel
Corp....
14%
14%
143/4
14%
15
15
15'A
49%
50
49
49'A
49%
49%
1,600
Fidel
37%
37
37%
37
37%
36%
37%
8,700
35%
35%
353/4
36%
18%
18%
18Va
19
105
105
*30%
31%
*23%
105%
30%
23%
7%
23%
7%
18 3/4
*105
,
32%
32
*233/4
23%
7%
7%
7%
40%
41
18%
19 Va
•
34
34
23%
n.
24%
18%
105
233/4
33
37%
18%
105
105%
108%
■
38
38
38
37
105%
393/4
40
39'/a
105 %
34%
*2334
73/4
8 Va
8%
39%
7%
41
41%
41%
108 %
t-4 O CO cv-
1083A
37%
1,700
First
5,800
Flintkote
105
180
33
24%
..
33%
1,000
24%
.
24%
300
8%
10,200
8%
8
42
preferred
18%
18%
105
35
0%
37
37
19
105 »/2
1,300
42
National
800
Stores...
Steel
12%
12%
123/4
123/8
12%
12%
50
50
51
50
50
49
50
1,600
Food
19%
183A
19
18%
19
18%
19%
7,300
134
134
*130
132
136
*132
134
20%
20%
*20%
20%
20%
8 3/a
8%
8%
8%
54V2
*52%
54%
52%
52%
*52%
par
25% Jan
7
35
No par
19% Jan
8
353/4
36
36
36%
36%
22%
3%
37/a
22%
23%
100%
22%
♦100
100%
4
3%
3%
23%
54%
40
36%
36%
36 3 4
6,500
Fruehauf
23
100'A
4 Va
4
3%
23%
24
24%
1,500
100'A
*100
100%
150
4
Va
4
4
4,500
3%
33/a
3%
13,200
13
13%
13
13
13
13
13
13
13%
13%
900
*24%
24%
24%
25
24%
25
24%
26
26%
26'A
25%
26
5%
6
6
6
3%
6
6%
3%
6%
6
3%
860
6%
5%
6 Va
*8%
83A
*8%
8%
*8%
83/4
*8%
8%
*8%
8%
*8%
8%
14%
14%
14%
14%
14%
14 %
14 Va
14 Va
*14%
143/4
14%
14'A
52
52
52
52
52
52
*51%
52%
24,300
6%
Trailer
Gabriel Co
Galr
Co
6 %
8
pfd—-100
'
♦51'A
9%
9%
*103
105
93/a
♦103
1
*51%
9%
9%
*103
105
\9%
9%
104%
9%
105
104%
9%
*104
97/a
106
•
*51%
600
52%
200
9%
7,800
9%
*104
—
106
100
*42%
43%
43
43%
43%
43%
42 3A
43%
43%
43%
42%
43%
4,200
7%
8 Va
8
8%
8'A
8 3/8
8%
8 3/a
8%
8%
8%
8%
20,800
-
*138
140
7 Va
140
*138
140
(The)
30
27
Apr
383/4
7
15%
Apr
18
Jan
29
85%
Apr
97
Nov
7
7
7
7
6,600
6
6Va
5%
6
6,200
24% May
100% Apr
1%
Jan
Apr
21
1%
Jun
Apr
19
8
par
19VaJan
3
4!/a May
12
73/4 Jan
14
_5
9% Jan
11
15
14%
143/4
*14
14%
14
14
1,300
84
84%
84'A
84%
84
84'%
470
84
84
31%
32
142%
142%
*142
31
31
142
*
32%
313A
*142
145
32 V8
32 Va
145
*142
<
*117
117%
110
2%
2
2%
62,700
37%
38%
36%
37%
37
37%
37%
102
105
•102 V4
88%
88%
•88'/2
*132%
134
♦132'/4
50%
50%
50 %
131
131
•130
25%
3%
26
37/a
25%
4
21
20%
21 Va
A
6%
6%
«6%
117%
117%
%
2 V4
A
2%
104
102
89%
89
*132%
134
50%
511/4
1%
A
89%
26%
3%
4%
21%
21%
6%
6%
4
21%
21%
6%
6%
93
51%
52%
51%
37%
38%
9,300
.106
180
93
93
1,200
'133
136
20
51 %
52
42,000
131
104%
131%
131%
130%
26%
26%
26%
26%
26%
4%
26%
4%
104
134%
4%
4%
4%
4%
131
*130
131 %
26
26%
*91
*132%
133
50%
51%
*101%
90%
90
133
134
1%
1%
104
*102
105
*130
131
*117
117%
1%
36,600
117%
373/a
2
•37%
*117
36%
*116
36 3A
117%
373/a
2'/4
70
38%
36%
117%
1,300
38
37%
2Va
32 %
143 %
38%
36%
*117
32%
143%
37%
363A
•A.
32%
145
37
36%
'
84%
22%
22%
6%
6%
23
6%
22%
6%
r:
200
2,200
11,500
23
No
preferredGeneral Cigar Inc—
7% preferred—
General Electric Co
General
t$4.50
No par
Foods
Corp
No
preferred—_—No
Gen Gas & Electric A
par
par
No par
5%
General
$5
1063A
*105
1%
1%
1%
19 Va
19 V8
19
*105%
108
♦105%
1%
P/a
1%
106%
*105
1%
1%
19%
20%
108
108
1%
1%
1%
1%
19%
20 %
1%
1%
2
2
20
106%
2
20%
105
Precision
6,200
Gen
General Printing Ink
2
19%
^
106%
0
$6
Equip Corp
•
1
11,000
7,600
preferred
-No
Public Service
Gen
Gen
20%
1%
1%
1%
37%
373/4
38
1,300
23
22%
22%
4,400
35%
36
36%
37
37
37%
37%
22%
22%
223/4
23 >/4
22%
23
22 %
23
22%
108
10
110
1%
50,700
par
No par
100
1
No par
General Refractories
35
37%
110
6%
No par
14
14
133A
14
14
14
14%
14%
14%
14%
14
14
1,400
General Shoe Corp—
78%
79%
79%
80%
79%
80%
79%
80%
80
80%
80
81%
1,690
Gen Steel Cast $6
22
1,800
General
18%
1,100
Gen Time Instru
21%
21%
*21%
*17
173/4
17%
*106
109%
109%
20%
20%
20
8%
8%
8%
*72
74 3/4
*72
93/4
10
9%
753/4
21%
21%
17%
18
*108%
109%
20%
20%
8%
8%
217a
22
8%
9
73
73
10%
10
10%
9%
76
76%
76%
76%
77
77%
77%
78%
19%
19%
47%
*73
19%
46%
46%
1
1
1%
3 %
3%
*88
1
1
25,800
300
73
10 Va
32,700
79
1,200
19%
193/4
19%
19%
5,500
46 Vu
46%
46%
300
1%
84.400
33/a
8,900
1%
3%
3 V4
90
89
39 %
40%
95 3A
96 %
*88
39%
39%
40%
40
40%
96%
*95%
96%
96%
96%
37%
37%
37%
38
37%
38 %
37
98
991/4
99%
99%
997a
100
1%
3%
1%
3%
*88%
40
39%
40%
11,400
95%
100 V4
89
39%
373A
98
88
39
9
4,200
46 Va
88
*95%
20 Va
19 V2
1%
3 Va
3%
90
73
30
113
463/4
193/a
*46
87%
*871/4
8%
74
10
47%
3%
19%
10%
19
%
8%
18
73
♦46
3%
20%
21%
110
10
19 Va
*
8%
83A
18%
73
18%
%
20
20%
21%
113
10'/4
75%
3
*110
75
75%
*46
18%
18
110
20%
20%
21%
22
18
110
17%
110
96
95%
95%
1,000
38%
14,900
37%
100
9
3774
37
100%
100
9
50
90
100
1,200
6%
Gillette
$5
1
preferred—No par
Telephone
Tire
100
Rubber
&
Safety Razor
preferred
(Adolf)Brewing Co
Goodrich Co
5%
9'/4
9%
93/a
8%
9%
4.900
873/4
87 3/4
*85 Va
873A
*85%
87%
*85%
8734
10
1%
.1%
1%
2%
2%
2%
2%
2%
2%
2%
2%
2%
175,400
5%
6 '/a
6
61/4
6%
63/e
6 Va
6%
6%
63/a
6%
6 34
9,200
131/2
13
13%
13%
13%
13%
13%
13%
13%
13%
13%
2,200
Grand Union
12%
IP/4
12%
12
12Va
117a
12
113/4
11%
4,300
11%
12
11%
33%
331/2
33%
34
333/4
337a
25
24%
24%
243/,
25
16%
16%
16%
17
17Va
17'A
30%
31
30%
31%
30%
32%
*241/4
16%
31
30
33%
*24 V*
33%
33%
33%
33%
33%
25
24%
2478
*24%
24%
700
17%
17%
17%
17%
173/s
3,100
32
32%
307a
32 34
34,200
267a
4,200
'
1,700
5%
w
5
7
23
May 6
7% Mar 26
109
Feb
May
20% May
108
May
1% Feb
10
5
5
4
13% Mar
11
Jan
2
9
Jan
Jan
Jan
4
73
2
10% May
5
4
4
79
50
Jan
2
20% Mar
7
4
Jan
5
47
9
4
40% Apr
25% Jan
8
Dec
Feb
15%
Dec
5Va
Nov
Nov
61
Apr
5%
Jan
May
12% Sep
65 Va
Jan
16
Oct
373/4
44
Feb
Jan
V*
Jun
1% July
A
Jan
Jan
Feb
13
Jan
27
Dec
Jan
83%
Dec
26
10%
Jan
27
5
60 Ve
Jan
90%
Dec
29
873A Mar 25
13/4
Jan
4%
Nov
38% Apr
100'A May
9 3/a Apr
div ctfs—.No par
8
Jan
73/8 Jan
29% Feb
No par
Jan
16%
56
63/4 Apr
No par
20
110
4
8
Jan
x58
Dec
813/4 Deo
lVa
Nov
Sep
5%
Jan
6
Mar
83/4
6
Apr
•fs Sep
4
4
5
7
133/4 Mar 27
9
12% Apr
7
3
Feb
Jan
26
4% Jan
24% Jan 27
15
Jan
6
21% Jan
7
10
79%
82
__5
10
Jun
Nov
2% May
20
Jan
73
93
2
par
x40% Mar
6
96% May
No par
May
Jan
6
Nov
5%
Oct
3
Mar
14%
109% May
Jan
Jan
1% May
Jan
19 V4
7%
3% May
Jan
3Vs
Nov
20% Mar 30
Apr
July
30
31%
14
May
128
Mar
Sep
4
Oct
Nov
101%
19
Jan
87
%
Mar 13
Apr
102
131% Feb
44% Dec
14%
4
4
4
May
Jan
107%
Jan
6
1%
Apr
8% May
18% Mar 29
Jan
116 '/a July
V4 Mar
55 V« Jun
22% Mar
Oct
40%
Apr
10%
101
27
5
110
Nov
303/4
Jan
143/8 Apr
80
.
Va
81% May ■ 5
14
Great
10% Mar
3% Sep
99% Aug
ft Jan
2
12
Great Northern preferred..
Apr
13% Aug
1% May
2
Jan
No
122
14% Apr
83
...
Jan
4
{•! Jan
Prop
30
5
1
Ore
Apr
Apr
May
11
preferred
Mar
61
64%
122
233/8 Mar
Jan
;
Apr
23
38
24% Jan
100
Nor Iron
May
4% May
8
2
—
Gr
26 3/4
2
Granby Consol M S & P
x233/4
15
A Jan
Graham-Paige Motors
Apr
NOV
132
Apr
21 Va
Feb
21 Va
Apr
120
Mar
93
May 7
133% Apr 20
52% May 6
131% May 6
1% Jan
76
Jan
Preferred
16®/a
90 %
Nov
% May
No par
Granite City Steel
Grant (W T) Co
*13
9
Oct /
Jan
66 Va
1111/* Apr
No par
87%
9
9%
Dec
93/e
Jan
90% Jan
9
4% Jan 11
Dec
Sep
8
100
Goodyear Tire & Rubb—No par
$5 conv preferred
No par
Gotham Hosiery.
No par
140
63/4
6
110
Feb
5% NOV
33/a
2% Apr
118% Mar
1
(B F)
30;
Mar 29
1
preferred
Jan
463/4
4%
41
par
50
Gold & Stock Telegraph Co
*85%
:
No
40
Dec
7V4 Nov
Sep
4%
603A
5
59
14%
No par
.
2
6
38'A Mar
2
Jan
2
Mar 9
jan
4
Jan 28
Jan
5
Apr
53 1
104
2
143/4 Jan
No par
cohv preferred
14
Apr 26
32 % May
4
143
Feb
28/a July
16% Jan
15 % Jan
5
$6 preferred
Glidden Co (The)—
16
Jan
108
No par
Goebel
2
& Jan
No par
87%
9
*851/8
9
Co
conv
Gobel
7
2
7
12%
xl04
3/8
31 %
15%
97/o
60
No par
Gimbel Brothers
4% %
9
12
13% Jan 25
4/2 Jan
2
103% Jan
5
20
Corp
Corp
preferred
General
Apr
10c
1%
*108
94
83 % Jan
129
Jan
2 V* Jan
Railway Signal
preferred
Gen Realty & Utilities
$6 pref opt div series
20%
110
*108
108
*105
106%
♦105
106%
5
2
2
34
Jan 13
113% Jan 22
A A 1 % Jan
4
par
'
*105
7 % Apr
Apr
Oct
10V4
Jan
106
16
88
par
par
Feb
Jan
33/4
Sep
33/a
5
No
—No
;
Common
35
; 71% Jan
—No
preferred
10
4
Jan
93/a NOV
Apr
Mar
Sep
Jan
21
Feb
33/a
15% Mar 23
20% Jan
130% Jan
303/4 Jan
51
98
8% Mar 29
140
2'/4
Apr
5
4
44 Va Jan
1267/a Feb
17Va Jan
Corp
Outdoor Adv A
Gen
4
I
2
9% Mar 30
104% May
44% Mar
Jan
2%
Apr
8%
26
6% Mar 30
100
Motors
4
143/4 Apr
53% Apr
6 3/a
2
—No par
preferred
Jan
6
6% May 4
9V8 Feb 24
May
11
Sep
16
May
2% July
2% Jan
7% Jan
t$6 conv preferred series A_No par
General Mills
19
134
Mar 1
4% Jan 12
par
—100
No par
..100
cum
4
Jan
5% Jan
No par
3,300
6%
—5
Mar 19
6% Jan
5
—__
t7%
52
102
37
4
26% May
11
Jan
10
50
General Cable Corp
Class A
83%
Jan
4
General Bronze Corp
6Va
15
a
14
par
Feb
373
6
5
Nov
28
2
No
7%
15
•
10%
11
1
preferred
6%
14%
142
$8
18%
Jun
1% Jan
Transportation
Baking
5%
14% ? 14%
♦30
30
Sep
5
9 % Jan
No par
Nov
1
7
2% Jan
Amer
6Va
6
84
143
136
May
45
17
No par
7%
7%
5%
*82%
*140
May
143/4
Jan
Oct
2
preferred—
6
7
5%
>
140
114
8
Jan
Dec
12%
Apr
8:% May
12
Inc
1—
11%
42
Sep
9'%
38
par
No
Industries
7%
7 VB
5%
140
140
*138
140
Apr
83/4
363/a Mar
27% Mar
20
$6 preferred
Gen
Aug
—1
Gen Ainer Investors
General
May
26
Jan
preferred—
Gaylord Container Corp—
conv
Jan
3
28
53% Apr
96'% Jan
5%
15 % %
Feb
5%
18
34% Apr
1
(Robert)
Co
Wood
Dec
213/4
24% Mar 12
21
•
—
27 Va
Apr
15
16
100
No
Mar
Jan
Feb
50
10
cl A
May
5
8 3/a Mar 26
Feb
Dec
Jan
6
134
5
5% Jan
preferred-
Gamewell
Gar
Mar 11
16% Jan
Co
(The)
Inc
127
25
preferred..
conv
7
39%
16%
86
May
Nov
96 %
9%
May 7
12% Apr 29
51/ May 5
19% May 4
4
105
Apr
25
43
3
10 % Jan
No par
Francisco Sugar Co
F'k'n Simon & Co Inc 1%
5%
9% Jan
39% Feb
No par
Freeport Sulphur Co
13%
3%
preferred
prior preferred
conv
54%
3%
3%
$7
54 %
20
*13%
3 3/a
!
660
5,800
365/s
100%
4 Va
4%
780
—
83A
23%
100%
24
100'A
—
*
20 Va
36 %
100 %
i
20%
1
10
10
—
Machinery Corp
*52%
54%
36 Va
133
293/4
Apr
19% Feb
Food Fair Stores Inc
8%
8
87%- Apr
105% Apr
No
8%
8%
*52%
20 Va
20%
8%
38
7
Foster-Wheeler
8V4
5
11
2
19
Dec
15% Jan
5
12%
Dec
26%
97% Jan
3% Jan
50
43%
Jan
par
30% Jan
19
Apr
133/8
par
10
123/4
21
31 % Jan
Dec
29%
No
100
50
134
5%
6
14%
Apr
May
50
Corp
18%
<
8 V4
3%
104% Jan
par
7%
Dec
373a May
108% May
preferred
conv
123/4
21
*21%
8
14
No
Co
50
*130
*100
No
>
6
15 % May
Jan
25% Jan
100
Florsheim Shoe class A
Follansbee
42
6% Apr
10
A
(The)
18%
123/4
36
series
1
$2.50
4
preferred—
Florence Stove
t5%
12%
Co
t$4.50
43
*
18%
1
Phen Fire Ins N Y__
49
123/4
49
•
100
Firestone Tire & Rubber.
•.
13%
Apr
50
•
Apr
Jun
36 3/4
108
8
3
11%
14
108
Jan
Mar 30
49%
108
Jan
24%
21
14
108
93
Deo
2
49%
108
Sep
4
36%
107%
693A
19%
18
36%
107 %
Jan
5
May
Feb
49%
107%
8V4
33/8 Jan
363/a
1
293/4 Jan
Jun
15
Jan
78% Jan
49%
Ferro
37%
Jun
6
No par
35%
3,500
Apr
19
4
293/4 Apr
5
16% Mar 18
13
13
27 Ve
7
——No par
Dept Stores
49%
14
86
;3 Mar 26
101
7
20% Jan
5
Federal Motor Truck
1,200
<
Jan
2
Federal-Mogul Corp
4,000
21
5%
No par
Federal Min & Smelt Co...
1,500
6
*19%
-
No
Light & Traction
$6 preferred—
Dec
9% Nov
Nov
22 Ve
May
32
25% Apr
23
July
25
18
13%
Dec
183/4
Oct
193/4
Jun
25%
Feb
34
Apr 21
22
1
32% May 6
Apr
Feb
•
|
25%
26
25%
263/a
26
26%
26%
26%
*149
152
152
152
153
153
"152
*55
63
*55
63
*55
63
*55
V
26%
152%
154
63
*55
427a
41%
42%
423/a
43%
42%
43
171/4
17%
17%
17%
17%
17%
17%
177a
17%
*lli/4
11%
*11%
11%
*11%
117a
*11%
11 %
*ll3/4
101/8
16%
16%
16%
163/4
17%
41%
41%
/
3%
3%
3%
*126%
127
128
•
9%
8%
9%
39
39
*38%
3%
3%
125
129
9%
97a
39%
39%
3%
3%
40
39
*25
27
*25
*36
37
*36
16
3%
126
16
10%
9 3/4
40%
93/8
97a
3%
127%
126
127%
17
17 %
17
39%
27
152%
63
427a
26%
"154%
*55
155
110
63
42%
43%
4,700
18
17%
18%
17,700
117a
117a
400
17%
16%
17
3%
10%
40
3%
125
9
38%
10,500
3%
5,900
126%
360
10
48,200
40
5,700
Sugar
Green
(H
L)
West RRCo Inc
Gulf Mobile & Ohio RR
preferred
10
—1
par
100
I—No par
No
par
27
Mar
2
153
May
3
Jan 19
Jan
4
Jan. 4
Jan
2
Jan
2
Jan 19
Jan 12
Jan
2
65
593A Mar
31%
1
par
2
Jan
138
100
Greyhound Corp (The) —
No
5%% conv preferred
Grumman Aircraft Corp—
Guantanamo Sugar
i
—No
8% preferred
;
I
$5
23% Jan
100
Green Bay &
117a
126
Western
Preferred
-
14 Va
11
10 V2
2%
81%
3%
253/8
Jan
43% May
18 Va May
12% Feb
17% May
3
22'/a
Apr
4
130
Apr
27
50
July
4
25
Apr
7
16
4
10%
Apr
Mar
10
9V« May
1% May
28'A Jan
143
Jan
63% Nov
33%
14%
Jan
Dec
11% Aug
14%
Jan
3%
Jan
4
Apr
14
132
Apr
29
48%
Jan
5
5
2%
Jun
4%
Oct
Jun
33%
Oct
10% May
40% May
18
86
*
Sep
H
*25
*36
f
27
37
,
-
*25
27
*36
-A:
37
*25
.
37
27
*25
27
*36
27
37
*36
37
15%
*15%
-A;
15%
Hackensack
1%
-
15%
15%
15
15
105
For
...
*104%
15%
15%
14%
15
105
,
footnotes see page 1719.
rA
105
*14%
14%
105
,
,
-
105
16
15%
105
15%
15
105
15%
105
*14%
105
1,200
15%
105
900
'
50
Hall
Co
preferred
16
13
8
25% Apr
13
38
5
9V2 Jan
.—
Hamilton Watch Co.—
6*
Apr
16% Apr
11
Jan
12 % Jan
18
22 3/4 Feb
Water—
preferred class A—
Printing
—_
36
104% Mar 13
15% May
105
Jan
19»A May
2*
Feb
29
Apr
35
Dec
8% Mar
13
6
8
30
95
•
Jun
Aug
11 % Nov
Mar
106% Feb
if W»ltff"
THE COMMERCIAL & FINANCIAL CHRONICLE
1714
RECORD
NEW YORK STOCK
LOW
Saturday
May 1
$
May 3
j.
per share
107%
*105%
17%
17'%
8%
8%
*8%
6
2 V2
2%
2%
99
98%
98%
98%
*65%
69
68%
68%
-'V.V
2%
*155
165
*155
16'%
16%
16%
81
81'%.
81%
■
131
57
*55
108
108
2
1 % Jan
tHnzel-Atlas Glass Co
25
93'/a Jan
20
200
Helme
25
56% Jan
165
*155
165
*155
165
16'%
16
16'%
83
83
131
*130
59
59
59
108 '/a
**
109
H o 00
Hercules Powder.
59
59
400
300
108
108
109
Hercules
19%
20%
200
21
*20%
21%
*20%
21%
21'%
21%
800
Hires Co
36%
37
37
*37
37%
13 Va
12%
13
*12%
13 V8
15%
15%
15%
15'%
15%
*114'%
•
37%
11%
12'/a
*12%
15'%
15%
15%
*115
•
37%
37%
37'%
.
■
—
V
Holly Sugar Corp
7 %
preferred
35%
36%
35%
37
34%
35%
34
35%
34 Va
35%
24.000
37%
37%
38
37%
38'%
38 '/a
38'%
38'%
38%
1.200
14%
14%
15
*49%
50
108
14%
15
14%
15
14%
*49%
50
49%
50
*49%
108
108
*107 Va
108
*107 Va
108
8
7%
8
7%
7%
39'%
39'%
103
108
7%
8%
39%
40
39%
39%
38%
1%
1%
*1%
*6%
7%
6%
6%
6%
26%
27%
27'%
27%
27%
9%
9%
9%
1%
1%
1%
'■:■■■
''
2
'
*1%
2
2
'
50
108
38%
*49%
50
200
*107%
108
>
7%
2%
B
—No
—•
t5 ';«■
51
Feb
60
Mar
9
108
6
1,700
2.600
Hudson
26%
26%
O-.
1%.
1%
10
9
9
8%
'
1%
!%■;./
7 %
8'%
28
27 Va
27 %
10.400
9%
9%
10
9 Va
10
27.200
2
1%
J
4.200
27 %
7%
7
6Tb
28
16%
21%
2'%
16%
2%
16%
44.600
v'v'15
15%
15
16
16%
15%
16%
*29
29%
29%
30
30
30%
30%
31%
31
31
30%
44%
44
44%
45
45 %
46
46
46 %
46 %
46 %
7
7
Jan
6
13% Apr
Jan
2
17
12
38 % Jan
26
9% Jan
5
15'% Apr
6
2
51
Mar 24
109'% Feb
4
3% Jan
2
8% Apr
26
30'% Jan
4
41% Apr
5
10%
10%
11%
11%
12
11%
12%
12 %
13
12 %
12%
Illinois
3,920
*44
10%
No par
Ltd
6%
Central
RR
100
Co
ctfs
See
RR
series
6
2%
16'%
16%
16%
16%
2.200
Indianapolis P & L Co
No par
39
38%
39
2.600
Industrial
No
96%
96%
1.800
Ingersoll-Rand
6V» preftrred
£6%
96%
70 Va
68 %
69%
2,100
15
14%
14%
13%
14%
18,500
*7%
7%
7%
7%
14
14%
14%
14%
14%
15%
14%
7%
*7%
7%
*7%
7%
7%
*7%
28 %
28%
*112
111
112
112
29%
28%
112
*111
29%
28%
8%
8%
8%
7%
8 Va
8%
8%
7%
8
9%
9%
9%
9%
9'%
9%
9
9%
163
163
163
*164
164%
2'/a
2 %
2 Va
13%
14
17%
18%
65
63'/a
63 %
68
65%
67 Va
12,900
168%
169
168%
169%
2
2 V8
2 Va
*63
Int
14%
20.200
Int
Mercantile
17%
18
6,100
64 Va
63
63
200
6
3,900
*63
64'/a
6 Va
*5%
6
5%
5%
5%
34%
35%
33 Va
5%
5%
33%
34'/a
34:%
35%
34%
133 %
133 V2
*133 Via
135
13%
12%
13
1.2%
12%
59%
59%
59%
59%
59%
59 V4
59 ','4
*5% /■
59%
*42
,>'/:•
60%
59
33
6'/a
6 Va
7
'51%
51%
53
*42
44'/a
■
32%
*102%
33 V4
'
44
45
1.33 %
7%
53
33 %
*42
33 Va
135
>13
48,700
V'
58% :'.&9%
7
53%
44
V
*42
33 Va
*33
8,400
43
107 '
43
43 %
*107
*107
115
..
"
43
43%
*104'/a
44
44
115
115
100
700
44%
*104 %
14%
14%
I6V4
15%
16%
•15%
16%
15%
16%,
14%
13 %
14 %
14% i 16%
15%
16%
15%
16 Va
15%
15%
15
16%
15
■
*101
13
13
142
*140
15%
102
15%
*102
1,000
20
56% Jan
20
162
Jan
165
5'%
Jan
Apr
147
61
Dec
May
40
Apr 20
Jan
151%
109% Mar
8
Feb
Jan
8
5% May
6
May
10%
Apr
6
71% Apr
170
9
Jan
166
July
%
Jan
14% Apr
6
5 Va
May
12%
Jan
Mar 25
3 Va
May
12%
55% Jan
3% Jan
8
5
66
Apr
5
6'% Apr
7
1%
Apr
4%
36'% Apr
5
24'%
Apr
30%
Mar 15
126%
Jan
7%
Dec
13'% Apr
28
Dec
Dec
57
Apr
Nov
Oct
Dec
136
15%
Jan
7
44
Apr
5
Jan
4
33% Mar
1
7
44% Mar 31
26
May
39%
102'%° Jan 15
>'
Jan
28
par
Jan
Jan
40
,
100
.-No
136
38
8'%
45%
3%
37'%
No par
Salt
'9
Apr 12
130
International Shoe——No par
,
'% July
2% Mar 15
28% Jan
15
100
International
264,200
21,000
,
3,100
105% Mar 24
94
May
104%
Oct
1%
Jan
7 Va
Nov
Intern' 1
2
Jan
7'/e Nov
6%
Jun
10 Va
Nov
88'%
Apr
95
Jan
Apr
Apr
11
12%
32
32
31 Va
31%
*140
142
*140
142
*140
*140
:
11%
11%
30
105
84
12
31 Va
31
*104
142
:
'
105
84
'
*104
J
84%
129%
-
129
12%
33
32'%
*104
129 Va
84%
*129%
12%
33%
105
84 %
131
24%
25 Va
24%
25%
25%
25%
25%
25%
*61'%
62'%
62'%
62'%
62%
63
62 Va
62 Va
3.2%
33%
*104
13%
13
33%
84%
*104
85
*129%
131
25
%
33%
105
^-No par
Telep & Teleg
Foreign share ctfs—
No par
Interstate-Dept Stores-.:/.—No par
85
*129%
-100
Preferred
142
14
4,200
Jarvls
33%
2,000
Jewel Tea Co
105
85%
3,000
40
25%
24'%
25%
62%
62%
62%
19,900
Johns
■
1
Jan
2
2
4
60% May
3
60%
Jan
7% May
5
l'/a
Oct
3%
Nov
Apr 22
30%
Oct
46%
Jan
39
Mar
48%
Feb
26
May
32
Feb
58
Jan 11
Jones &
1.300
5%
100
v
10'% Jan
27% Jan
43'/a Mar
Laughlin Steel—
77%
77%
78 Va
79
77
7 8 Va
76%
76'/a
2,000
11
11'%
11%
11%
12
12%
12 Va
12'%
12%
12%
12%
12%
3.000
Joy
15%
15%
16%
16%
16%
16%
16%
1G'%
16%
16'%
16%
3,900
Kalamazoo,Stove &
4
16% May
15'% May
102
May
4
7%
5
32% Apr
24%
5
9'% Jan
12
19
96% Mar 30
143
Mar
14
May
33% May
105 V Apr
127
7
5
22
par
70
Jan
21
85'% Mar 30
126
Jan
27
133% Mar 17
No par
pref series A
77'%
16% May
13% Apr
Jan
Feb
-
100
—No
*
„——
77
5%
14
26
.
-
Manville——
78
77
90% Jan
135
'
*62%
7
7
7
—1
/—No par
Inc.—
preferred.—"
Preferred
•'
Jan
6% Jan
6% Jan
9% Jan
1
Co__
(WB)
4\\fe
131
No par
preferred
$6
36
100
Island Creek Coal-i.
13
32
142
—50
Silver
preferred—
Intertype Corp.——
12%
31
83'%
144'% Jan
100
1,100
12%
129
9% Apr
23%
111%
18 Va
19
Co—
70
31%
*104
83%
9
Feb
Oct
100% Aug
Apr
5
—
1,300
12%
30
130
Mar 29
2
2
—1-
12%
12%
31%
11%
Mar 29
Jan
—No par
103 Va
*103
13
*140
30% Mar 30
115
6%
5%
5
preferred
of Cent Am
preferred
7 fir
15V2
15%
15%
105
32
105
83%
102
102
13
30
*129
15%
15 %
*
31%
11%
*11%
15
102
*12%
;
32 '/a
*31 Va
15
102
14%
-
102
——
Paper
International
Jan
8
7% Apr 30
4
conv
5%
12%
15% Apr
% Jan
Inter Rys
112
13 '/a
14%
5 ft
•-
920
%
44
33%
16
*101
5,600
%
.
r- 7%
53
a
tPreferred
International
Feb
8% May
6
9% Jan
Mining Corp
Int Nickel of Canada—
100
12
7%
53!
20,500
*133%
135
7
52'/a
44
*33
33%
33%
43%
43
107
6%
52
*
35 Va
Dec
74%
"
*102%
42
42
'
5%
*42
45
*32%
13
49%
5%
48%
*47%
,
13 %
35 Va
Internat'l
Jan
163 %
Apr
27
25
Marine
& Chem
preferred——
4%
100
July
54
11% Jan
Hydro-Elec Sys class A
13%
17',a
*63
May
153
100
9.800
14%
17%
'
74
9
Mar 31
5
2%
14 %
65
7
166'% Feb
No par
2%
Min
Dec
Jan
par
100
17%
Internat
Feb
35
7
No par
No
Harvester
t Preferred
'
133
Machines
Business
Internat'l
14'%
5%
12%
Int
16%
Apr
6
No par
2'/a
33%
i 133
Rubber
Intercont'l
Sep
100'% Apr
21% Jan 28
106
Jan 21
par
i
100
—No par
17'/a
5%
12%
—No
Interlake Iron
590
33V4
134
1.300
67%
5%
12'/a
Corp
preferred
18%
17%
18',4
*63%
165
165
Interchemical
Oct
10'%
21
Jan
10
;_1
4%
4
6% Jan
~20
Inc—
Ctfs
Oct
Mar
8
74
Jan
42
May
40
5
62
May
Mar
17
Jan
2
Feb 19
Jan
6
Apr 17
par
Inspiration Cons Copper—
13%
2%
13%
*17'/a
68%
169
par
100
14
2
2Va
14
168%
168%
xl68%
169%
169
169%
165
165
165
67%
69
68 %
68%
68
3,000
43,900
No
Insuransliares
6 %
11 Va
32%
88
158%
par
.—No
Co
Steel
Inland
80
9%
'
134
2,700
7%
68%
700
>
29%
8%
162
13%
10
112%
*112
112%
8%
8%
68
1697/a
7%
7%
7%
162
28%
29
28%
28%
112
112
113
96
165
69%
71%
*27%
*94
*162
70
71 %
'
96%
162
162
165
70
Rayon
23%
Jan
May
Nov
9%
Jan
13
39
96%
5%
9
17
*162
6
Jan
39
71%
Apr
4
17
70%
1%
Jan
38%
*159 Vi 165
Nov
A Jan
7
13
17
71%
5%
32'%
38%
96
Dec
Jan
5
16%
165
23 %
6
38%
71%
Apr
3%
3
2'% May
5'/a Aug
Jan
46'% May
16%
96
May
1% Aug
Jan
31% May
38%
*159
%
2
16%
7
16%
96
Oct
Feb
2
38%
165
4%
34%
1000
A
Sep
Apr
Jan
16%
96
7
16% May
106
May
18% Jan
38'%
*159
Dec
37
16 %
•
44 Va
100
37%
'
Apr
4
10
Jan ' 7
8
Nov
100
4%
lines
11%
2%
8% May
U Jan
Oct
Jan
29% May
29% Mar 30
Va Jail
1
preferred series A
Leased
4
No par
Feb
39%
96
2'% Mar
% Jan
4% Jan
22 % Jan
Feb
Jan
30%
8
36% Jan
100
Jan
38%
8%
41'% Apr
Oct
27
5
10
Dec
115
Dec
21%
Jan
Mar
Nov
7%
Dec
Dec
Nov
18%
Jan
12 %
110
Jan
15
17
Jan
6
8
Apr
Jail
29%
Mar
14%
6
13
100
Manhattan
tHupp Motor Car Corp—
280
29%
11
Dee
102%
Mar
79o
Oct
48%
12% Mar
7
37% May
105
preferred
Hud Bay Min & Sm
Hudson Motor Car
2,600
44
■16%
15%
107.400
5%
16 '
Dec
134
30% Mar
22'% Mar 31
'
6%
7
Mar
20% May
18
31
14%
Apr
Nov
75 »/4
10% Apr
125
Oct
Feb
158
Apr
2
25
c
Dec
58%
6
21
100
t
Jan
94%
Feb
83'% May
16% Jan
44
Co
1%
Apr
141%
28% Jan
par
__
of Texas v
St
9
5
preferred
Houston Oil
Howe Sound
2'%
Mar
17'% Mar 29
Jan
—No par
Household Finance
150
39'%
2'%
Class
Jun
134
14 % Jan
No par
100
12.50
No par
Houdaille-Hershey cl A
15,500
7%
38'%
(A)
Homestake Mining
6.100
38%
2 Va
2
14%
15
8
7%
8
39%
(Del)
Furnace
Hollander & Sons
*37%
V
Holland
800
*115
'
•
1,100
15%
Nov
%
45
167
May
8%
May
79 %
2
Jan
100
10
1
10
5
The
(C E)
2,000
13
36%
14%,'
Co—i
Hlnde <fc Dauch Paper
7
10
Apr
Dec
88
May
5 '/a
Jan
49
19%
37'%
50
Hershey Chocolate
No par
$4 conv preferred—.— No par
*19%
27
May
73
130
preferred
cum
19%
37'%
14%
Motors
100
0%
Apr
Jan
,4%
Jan
80
Jan
16%
146
Apr
3% Mar
71
Jan
—No par
50
1
5
Jan
104
Apr
X126
Apr
102'% Apr
12% Jan
—No par
1,300
2,200
131
*130'%
152
100
Preferred
16%
82%
83'%
W)
(G
83»%
16%
131
Hayes Mfg Corp
5
3'% May
2
560
138.700
3'%
36 Va
*49%
Highest
$ per share
Apr
12%
4
9% Mar 11
69
3
3
*19
*114'%
Jan
99
13%
*
7
May
100
Jan
69
2%
19%
20%
*114'%
6Va% preferred—
Hayes Industries Inc—
98
6% Apr
4'% Jan
86
per share
18'% Mar
141
Feb
99
15'A
114'%
3,800
Amer class A
6
13% Jan
135
100
1
100
1
preferred-
6%
Hat Corp of
99% Jail
par
71
36%
■v
,15%
9
No
Refrac
107
99%
*58%
109
*19
20'%
36%
15%
*108
*
>.
100
99%
8%
Par
99
16%
*
600
\
Co $5 pfd——No par
(M A)
Harbison-Walk
60
6%
Rann*
vV%vV ••:/•••,
$ per share
S per share
*69
82
58
19%
*19%
V; 13
13
108
*19
*19'% V 20%
*36
58
144'%
*99
8%
*130
81%
130
57
*105
■,
19%
19%
81'%
130
9,2-6
6%
99
*8%
2%
*155
16%
16%
16%
81'%
130%
*130
57
*130
J 912
Lowest
Highest
71
99
*68%
165
*155
165
I.nwi><it.
Lowest
99
2%
98%
68
2 %
99
20
17%
*140
"
6%
V
.
108%
17%
144%
Shares
share
per
*107
17%
6%
8%
8%
2%
98%
*64%
t ■■
*140
99%
*97
8%
$
107
17'%
141
6
99%
8%
8%
140
6%
*97
99%
*97
99%
*97
1C7
17%
17%
17%
6
108
*106%
107
*138
6
MV*5%
6
$ per share
$ per share
141
141
*138
141
*5%
i
Year
Range Since January I
EXCHANGE
'
share
17%
'
'
STOCK
NEW YORK
the Week
May 7
May 6
for
Sales
Friday
Thursday
May 5
107
107 %
17'%
Range for Previous
STOCKS
PRICES
SALE
Wednesday
$ per
$ per share
17%
*138
HIGH
May 4
,
*105%
V
AND
Tuesday
Monday
*
Monday, May 10, 1943
100
100
1
-
pref series B conv—
Mfg Co„—
19% Jan
7
54'% Jan
7
64% Jan
8
8'% Jan '4
26% Apr
6
65
5
82
Apr
Apr
6
12% Mar 31
v-
138
5%
Jan
Nov
Nov
33%
Jan
107%
May
50'/a May
122
1
10%
Jan
18% May
85
Dec
32%
Apr
Oct
73%
129
Jan
Jati
Dec
Nov
17% May
53% Dec
24%
Jan
64
Jan
6l
79%
May
Jan
:<
Jan
13%
Dec
;U
7% Aug
K
15%
*122%
127
*122%
9%
9%
9%
"122 %
127
127
*26%
28
28
28
*10%
11
11
11
*94%
95
*94%
*17%
28'%
28%
28%
28 %
28 Va
900
11
11
11%
11%
11
11'%
900
94'%
95
*14
14
14%
95
14%
32%
,
407%
110
108
18
17%
18
18
18%
13%
13%
13%
13%
112
"110
112
*110
110
32%
33%
V
13%
112
•
112
112%
34
108
112%
*95
96
13%
*95
*14%
14%
108
18
*111
*106
96
120
-
14%
400
108
20
-
18'%
18%
4,300
13%
13%
14%
xl2% Jan
19
L pf ser B_—No par
Southern—
No par
122'% Feb
2
Kansas
5'% Jan
2
20
Jan 13
7% Jan *6
83
Jan
2
11'% Jan
2
103% Feb
1
14% Jan
2
4%
City
Furn__
100
Kaufmann DcptStores
j.
.—I
5% conv preferred——
100
Kayser(J) & Co—
—5
Keith-Albee-Orpheum preferred-100
Kelsey Hayes Wh'l conv cl A
1
6,200
114
*106%
111
50
32%
34
50,600
34%
33%
17%
*17%
17%
17%
17%
30%
30%
31 %
30%
31%
3%
*3'%
3%
34%
10,500
18%
33%
34%
9%
'
14%
*106
9
10
Kan City P &
127
28%
13%
13%
422»%
10
17%
118
*13%
127
10
*107%
*107%
*122%
10%
11
:
94%
95
14%
*14
14%
13%
127
9%
10%
28
•11
422%
28
9%
10%
33%
preferred—
*
B—
Class
—1
—
Kendall Co $6 pt
*17
17%
*17%
17%
*29%
30%
30%
30 Va
30%
17%
*30
17%
400
31%
1,500
■
*
3%
4%
47%.
45%
45%
46
46
46
46%
46 %
46%
23%
23%
23%
23%
23%
23%
23%
23%
23
23%
7%
7%
8
3%
*3
3 %
3%
*45%
9
*7%
v
3 %
8
*7%
•
•■V
4%
x46
4%
5,900
150
46%
*
22%
8%
*8
23
5,700
8'%
—No par
No par
24% Feb 26
No par
—u.
400
Keystone Steel & W Co—
No par
Kimberly-Clarkj——1—No par
Kinney (0 R) Co.——
—1
$5 prior preferred
.-—No par
Kresge (S S) Co
_10
Kresge Dept Stores.
—1
*7%
9
*28%
29
28%
28%
28%
28%
28%
28%
28%
28%
28%
29%
1,600
Kress
30%
30
30%
30
30'%
30%
31
31'%
32%
32
32%
7,200
Kroger Grocery St Bak
30%
15%
*14%
15%
14%
15%
63
63%
63»%
64
65
68
68
68%
*66
68
65%
66 Va
25
25%
25%
25%
25%
26
25%
26
26
26%
25%
26%
18%
19
18%
19%
19
19
*18'%
18%
18%
18%
18'%
,
36%
36%
36%
21%
22
*21%
115
113
14'%
14%
14%
*113
14%
37
37%
22
37%
38
21%
21%
22 Va
113
115
14%
15%
14%
*113'%
113
38%
22
114%
38
22%
*113
38
22%
114 %
35%
:
21%
■
*113
.%• 760
1,100
Lane
37%
2.100
22
2.500
114 %
50
7%
7'%
7%
7%
7%
8
8
8'a
7%
8Va
29,500
2
1%
2
1%
2
1%
2
1%
2
1%
2
10.500
16%
17
16%
16%
16'%
16% V
29
29
29%
30
30 'a
19
19
19
19
17%
28 Va
28%
28%
28%
28%
19%
19 %
18%
18%
*18%
*30
32%
*30
33
*35
35%
35 Va
35%
6%
6'%
6%
6%
For
footnotes
see
page
*
1719.
*30 %
36%
■
6%
;
*30
32
36
6 %
/
19%
/
36
6%
32
30 %
36%
35%
6%
6%
16%
■
16%
29%
30%
19
19
30%
*30%
36%
35%
7
-■
'■7
6.600
600
36
6%
6.700
200
31%
6.500
•
51,300
Lee
Lt
Co
St
Rubber St
4%
.No
No
Corp
Lerner
Stores
<fc
6
96
Apr
Apr
15% Apr
6
5
Mar
11
18% Apr
2
14% Apr
5
108
113
Oct
29Va
Nov
11%
Feb
100%
Jan
8
Apr
81%
7
Dec
Jan
11%
Sep
93% July
10'% Apr
103%
Dec
14%
Dec
Jan
9
Dec
May
4%
100
105%
Jan
Jan
Apr
24
35% Apr
17% Apr
8
26%
Jun
.37%
10
IT %
Apr
/15 '/a
24
'/a
Jun
4% May
5
7
1%
Jan
46'% May
5
30'/a
23% May
4
17
10% Apr
3
29% Apr
5
19% May
27
Jan
32% May
6
22%
29%
Jan
31% May
16
Mar 29
29
Dec
Jan
2% Feb
Feb
7 %
Sep
40%
Mar
2'%
22%
Jan
Jun
3%
Jan
Apr
'13
Apr
May
68''a May
5
21%
Apr
41%
Sep
7
26% May
6
11%
Jan
18
Dec
par
11% Jun
7
19% May
3
11%
Dec
38% May
5
28
Dec
25
Apr
6
23 Vb
Jail
116% Apr
7
26% Jan
27
Jan
4
107% Jan
27
8 Va May
2
20
2% Jan
2
par
Ijj Jan
2
11 Va Jan
6
8% Mar
15 %
Apr
18'/a May
104
•
Aug
113
Jan
Jun
4
Jan
1%
Jan
6
2%
Apr
17
iii
Dec
17% Apr
19
8'/a
Jan
15% Aug
25
Dec
1
___
Libby
.No
24
17%
Apr
5
(The)
Corp
12
Oct
16 v May
4
50
No
14% Jan
6-
11%
Apr
14% Aug
23% Jan
8
33% Mar 30
18
Apr
26%
Dec
37 % Mar 29
20'/a
Jan
33%
Dec
par
Jan
12
.No par
Llbbey Owens Ford G1
McNeill
6
7%
Jan
-1—100
Lehn & Fink Prod Corp..___
Libbv
29% Apr
124
Jan
17% Jan
50
tLehigh Valley RR
Valley Coal
6% conv preferred
Lehigh
Mar
2%
35
25
—
9 % Jan -4
Feb
117
8
par5
Tire
Portland Cement
preferred
192
5
23
16% May
100
1
conv
Lehman
100
Louli
(The)
Bryant
Lehigh
■V
& Co__
preferred J_-
18'%
7%
16%
5 %
Lambert Co
1%
17%
Laclede Gas
85 ft
3,600
«
7%
17
(S H)
4
Jan 29
28% Jan
7
15'% Jan
2
25
Jan
7
1% Jan 13
34% Jan 12
18% Jan
2
2% Jan 11
23 % Jan
4
pfd A——No par
Kennecott Copper.^.
•
17 Va
8% Jan
5
Feb
10% Apr
124
_
31
Jan
12
7
5
Jan
2
30% Apr
6
19% Apr
30
7 Va Apr
6
4
Mar
5'% Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
LOW
AND
HIGH
Saturday
Monday
Tuesday
May 3
May 4
Wednesday
,;//
$ per share
$ per
*32
$
share
$ per share
*34
33
66
66%
66%
66%
66 Vi
67'A
67 %
67'A
673/4
67 3/4
68%//
1743/4
174%
*174'A
174%
174%
174%
.
174%
37
100
Life Savers Corp
66
900
Liggett & Myers Tobacco—:——25
67%
68
3,400
*174%
{
174%
39%
39%
x40 %
40 Va
19%
19%
19%
*
38 Va
38
38%
39%
39'/a
393/4
40
40
19
19
18 Vi
18 Vi
19
174%
174 Vi
•••;.
19%
193/4
23 VB
23%
■ 19
V
2 3 Va
9,100
55
56
55%
56%
55
56
55%
56
55%
56
55%
56%
43%'
43%
43 Vi
43%
44%
44%
44%
44 %
443i
45
45%
45%
9%
9%
93/4
9%
10%
10
9%
9%
27
26
26%
26
26%
263/4
26%
27 Va
273/4"
27
18%
18%
18%
183/4
18%
19
18%
19 Vi
18%
19%
19
154 'A
154 'A
154 V4
157
155%
155%
20 >/4
21
*20%
20%
155
155
*155
155
*20'/4
20%
20%
21
*70% " 72
71%
71%
72%
72 Vi
71%
73 Vi
73 %
"27
28
27%
28
*28
28%
28%
28%
28%
29
'•125
128
138
*125
*155
74
*20 V2
25 Va May
37 Vi
Nov
No par
6
19% Apr 22
20% Apr 22
—1
16% Jan
5
2538 Mar29
7%
Oct
11% May
16 Va
Dec
14% May
24 Va
Jan
7
58% Mar 29
37
Jan
46%
Dec
11
46a4 Mar 22
31%
Jun
42%
Jan
4
2% Mar
7 Va
25
18% Jan
13
10
16% Jan
2
100
148% Jan
12
Biscuit
;
—*
Co
(P)
preferred
Louisville Gas <fc El A—
Louisville St
.
12 34
6% Feb
2,400
i
Jan
42% Jan
No par
2,100
74%
9%
37% Jan
Lorillard
80
20%
74%
No
4
par
Loose-Wiles
156
20%
-
No par
Long Bell Lumber A
3,700
;
pari
No
Nov
Cement Corp—No par
2,000
19%
*20
7
12% Jan
15% Jan
Co——
Lone Star
16,200
27
*26%
Feb
34% Jan'19
Belt
3,400
.
{
Dec
32%
7.100
10%
Jan
177
Jun
Lockheed Aircraft Corp
Loew's Inc
25,700
<
Apr
22%
Wks
Refining Co
Liquid Carbonic Corp
•1.500
,:i93/4
22
/
364%
6
Link
24%
18
40% May
40% Apr
Lion Oil
20
179% Feb
7
1,800
23%
Apr / 3
174
Jan
2,700
20
74%
24
19 V8
19%
Jan
Apr
No par
40 %
24%
Jan
73%
50%
Lima Locomotive
18%
19%
9%
100
33
Apr
3
23%
40%
23%
Mar
50 Va
71% Feb
Apr
19%
193/4
20
5
2
16%
40%
23%
2
70% Feb
63 Va Jan
8
19
193/4
Mar
62% Mar 25
28% Apr
40%
23%
33.
Highest
$ per share
4
40 J8
19%
4
,
per share
22% Jan
38%
23%
Jan
$ per share
No par
40%
,
30
25
_
J 912
.■/•; Lowest
Lily Tulip Cup Corp
400
28
19%
9%
5
—
tPreferred
90
t
27%
;/»
22%
9%
Series B
Year
Highest
;
v
$ per share
66
38%
37
Par
Shares
.
*35
,
28
36%
Lowest
68%
28
36
Range Since January 1
;
66
28
*27%
28
28
Range for Previous
STOCK
36
40%
*27%
28
$ per share
YORK
EXCHANGE
68
66%
673/4
28
NEW
66
33
66 V4
*27 Va
.
'the Week
[
1
*34
33
66 V4
*67%
174%
for
Sales
Friday
:v.;v; v'/////May
$ per share
36
*34
36
A
V /
Thursday
May «
May 5
share
per
STOCKS
PRICES
SALE
r
May I
1715
No par
153/4 Jan
59% Jan
20% Jan.
6
19% Feb
15
19%
Nov
Apr
128
6
Dec
Mar
16%
Nov
11%
11
155% May
8
Nashville—
6
273/4 May
6
100
10% May-
Mar
153
Dec
4
May
743i May
11%
Apr
18 Vi
Jan
7
21
85%
8ep
76%
Jan
M
*125
138
*125
*125
138
'
.
138
600
29
*28
v
*125
MacAndrewa
:
6%
138
1
&
Forbes—
36 3 8
37
36%
37
35%
36%
35%
36
35%
36%
8,000
Mack
253/4
25%
25%
25%
25%
25%
26%
25%
26%
25%
26
5,900
Macy (R H)
11%
U3/a
11%
11%
11%
12
12%
12%
1,600
Madison
Sq Garden——
21%
21%
22
22%
21V8
22'/8
20%
21%
5,100
Magma
2VA
*300
320
*300
*11
21%
320
*300
320
•
*300
'12
21%
*300
330
%
12%.-:
v
21%
330
.
Mahoning
330
*300
No
Co Inc
Coal
6 Va
6%
5%
6%
5%
6%
5%
5%
6%
8,500
Manati
10 %
9%
93/4
*9%
ioy4
*9%
10%
*9 %
10%
*9%
10 'A
100
Mandel
17%
17%
♦17%
18 %
17%
18%
18
18%
18%
18%
18
18
2 3,e
2%
2%
2%
2%
2%
2%
2%
2%
2%
4%
5
4%
5
5
5%
5%
5%
5%
6
5%
6
6
5%
5%
2,bUJ
,
15%
15%
15%
14%
15%
14%
15%
14%
14
14%
13 %
14%
14%
14%
14%
13%
14%'v
14%
14 %>
14%
Marine
22%
22,800
6,090
/
21'A
5%
30
25%
"24'A
*165
*
45
5%
6
32
31%
33
25
6%
166
24%
6'%
5%
b
6%
*30%
25
24%
167
167
168%
46%
46%
46%
5%
5%
6 %
34%
500
24%
25%
2,000
*166%
169%
.
25
168%
5%
47
*27%
28
103
*103
28
28
28
28 %
*103
I
104
*27%
28%
Mathieson
.
7%
60
2,700
400
*103
104
^8
1% Jan
27
3% Jan
2
par,
par
17%
*16%
17%
17%
18
*16%
17 %
1.300
McCall
15
14%
15%
14%
15
14%
15
2,900
*111%
115
*111%
115
*111%
113
*111%
114
100
24
1,200
24%
*24%
243/4
24%
24%
24%
15
14%
15%
*14%
153/8
14%
15%
*14%
15%
*14%
15%
45
45%
44%
45%
44%
45
44%
44%
45 %
45%
1,300
21 '/a
11,600
241/4
193/4
24%
20
20%
*111
113
10
109
9%
10 VB
108%
108 %
*108%
9%
•
93/4
9%
21%
21%
*110%
112
10%
10%
109 V2
109
*80
85
*80
70
70
*70
73
*70
30%
30%
85
*80
85
*80
73
73
*70
73
29'/a
29%
30%
30
21%
20%
112
112
10%
112
9%
110
9%
93/4
85
*81
7%
*110%
10%
9%
29%
21
112
10%
109
9%
*24%
21%
112
10%
109
9%
20%
20%
113
10
10%
109
,
♦111
24%
McLellan
6%
conv
73
*71
72%
60
30
20
30%
3,200
934
12,700
29%
9%
83/4
9%
35%
36
36
37
36%
383/4
39
39
*26
27%
27
27%
27%
28
28
28%
29 %
28%
28%
3,100
Merch
& Mln
31 %
31%
32 %
32V'4
32
32%
32%
32%
33
313/4
3134
1,200
Mesta
8%
8%
8%
8%
8%;
8%
7.000
Miami
24%% 25%
6,500
Mid-Continent
28%
1,600
Midland
9%
.24%
25%'.
%
28% "
5 f*
430
<
'
24%
25
24%
25%
25
28
28
27%
27%
28 %
117
♦115%
116%
116
116
116
116
74 >/»
75
76
76
76
109
109
*109%
110%
*109%
110%
10
113
113
*112
113
*112
113
90
*115%
74
74
74
109
*108%
110%
1%
19%
28%
28%
110%
6%
6%
6%
117
117
75%
75
7 %
6st
.•'•'a:
88
88-I;
92
91
20%
20
20 % /
20
16
7
3%%
3
3%
3%
3
3%
10%
10%
10
10%
10
10%
10%
10%%
25
25%
25%
26
25%
25%
25
25%/
89 %
90%
89%
90
89
89%
88%
89
3:.
3 %
3
3 %
"
3%
9%
25%
X87%
88 Va
89
89
'117
118
*117
*117
*117
*117
*117
120%
*120%
*120%
*120%
*120%
Xll9%
*109%
*109
$6.50
Mission
♦34
■
15%
17%
Co—
5
Petroleum.^
No
Mo-Kan-Texas RR
1%
Monsanto
Carpet
Chemical
series
:<$4 preferred aeries
50
Jan
15
9
Apr
9%
5
28
101
5
Jan
May
%
Jun
94
Apr
*5% Not
6
Feb
64%
Oct
Mar
76
26
24%
Dec
9%
Nov
39
,
Dec
15%
Dec
110
Dec
7Vi
Jan
108
Jan
7 Vi May
77
Mar
4
55 V
Dec
72
Feb
3
20%
Jun
32
Jan
7
4%
Dec
7
31
22 V4
Jun
29
Oct
4
9
32% Mar
1
21
Apr
33 Va
Oct
Jan
13
34% Apr
6
24
Dec
30%
Jan
5% Jan
4
5
Apr
7 V«
Jan
6
9% Apr
25% May
8
18% Jan
4
12 Vb Mar
19%
Dec
Jan
7
30ViApr
8
16 % May
23 Va
Oct
Jan
4
88%. Apr
108 Va
Nov
Feb
Feb
8
19
110/ Apr
21
Apr
14
113% Feb
4
6
1% May
67% Jun
2
Jan
118
•
13
3
% Jan
3% Jan
84.
115
Mar 19
Jan
2
Jan
No
par
108% Jan. 2
No par
No par
11% Apr
26
May
59
6
Jan
103%
Jan
108
Oct
111
Oct
8%
A
4
1
Apr
3%
1%
Jan
12%
Feb
Nov
1%
4%
18
66
May
Mar 19
110
May
Apr
112 /• May
120
114
33% Jan 14
31% Jan
8
■
Mar 10
10
29
'
Dec
Mar
119
90% Feb
Dec
67
Jan
6
'4
Va
14%
121
y
20
Oct
*107% May
Mai-30
3% Mar
2
118
May
6 V
35'%
t
■
20%
4
o
6
92
12
par
Mar 22
7% May
7
17% Jan
>
76% May
2
64% Jan
13% Jan
par
10
No par
C—
14
4
10% May
110% Mar 29
t.No
Co_—
Oct
21% May
20
B
Jan
27%
112% Am-
,.100
Mills—^
preferred
Preferred
70
6%
8
Jan
Jan
No par
_
preferred series A
3
100%
Apr
9% May
39
May
.vlO
j.__
6
89
—1
No
;•
Jan
99% Aug
9
,
100
Impl
Oct
May
6
10% Apr
26».
No par
Corp
12%
14
4
109
Power
Dec
Mar
26% Apr
par
-
101
Jun
9
10
24
100
1st preferred—
Nov
76
Feb
—10
Prod
22
5
Jan
25
5
*.
7
Feb
4% Jan
No,par
CO—
Sep
6
67% Jan
50
preferred—
$4.50
17%
17%
28%
29
28%
28%
6%
*66
66%
21
67%
67%
67%
67%
*66
116%
67
115%
115%
115%
115%
*115
9%
8%
9%
9
.
*115%
119
115 %
115%
8%
9
8%
9%
9
9%
*41
41%
40%
1%
1%
1 Va
♦l'/4
1%
1%
1%
9
21
40%'
72
21
-
700
i
Wheel
.
t4%%
80
9%
14,300
40%
40%
500
Myers IF K)
*lVi
40%
1
_
1%
'•
200
Nabeo
(
63,000
Murray
2%
53
15>
62
112
5%
34%
+1
<
No par
Munsingwear Inc—v—
Murphy Co (G C)__
115 %
*
Co—
----
No par
No par
preferred
•
of America/
.
100
Corp
10
*—No par
It Bro,
Jan
5
9% Jan
7
11% Jan 12
21% Jan
8
No par
3
Corp
Corp.
Brass
13
50
:
$7 preferred
600
67 3 4
"
Essex
&
Mullins Mfg Co class B_—
150
21
*68%
70
*20%
4034
*115%
41%
II,100
21
20%
20%
41%
3,100
6%
5%
6%
6%
67%
21%
Mueller
29 VB
68%
69
Motor
17%
5%
70
*20%
41%
■'
68%
5 3/4
5%
Motor Products
15%
17%
29
*68
tMorris
3,400
1,000
•
15%
17%
Morrell-;.(J) St Co
100
5,800
21
28 V«
15%
17%
5%
*40%
35'%
19%
Montg Waid & Co Inc—
12.400
43%
.'■,*34//
/
15%
69 %
66 Va
*66
36
17%
28
5%
69'/a
21%
15%
101
100
Mohawk
.
42% 1
21%
16%
28
27%
5%
70%
*20%
20%
15
17%
27%
*34%
21%
v
*'
17%
16
17%
5%
35%
20%
35 Va
21%
43
X15 %
15%
17%
70
35 %
42
20%
21
15%
27%
42%
42%
*34
35%
f.
20%
20%
20%
*110%
42%
109%
41%
13
60
27
Nov
91
Oct
Oct
Oct
Jan
117%
Feb
Oct
102%
Apr
110%
Jan
7
23%
34 Va
Dec
3
28%
Apr
Dec
6
12%
Dec
'
42.
•41%
35%
*34
111%
109%
109%
109%
111
6
pfd series B„i
2,900
110
120%
27
preferred series C
2,600
.
Trans
Moline
2,500
119%
.*109%' 111
41%
41%
Minn
25,000
"
•
14% Jan
109% Apr
6% Jan
par
13%
Jan
3%
1% Jan'
30
Jan
46 Va
50% Apr
11
No par
176
24% May
15% May
13
6;
Apr
Jan
May
18
19% Jan
—100
Apr
31
6 Va
15% May
113
May
9
8% Jan
38% Jan
—No pur
162
4
28% Apr 28
104
May 5
7
—1
*
6
Mar
5% Apr
Jan
20Vb
106%
58
107
conv
4%%
6.800
•
10%
24%
■i%
48
-18
preferred
Steel
cum
3,900
20
104
3
168% May
par
Inc
Minn-Honeywell Regu
3,900
23,700
:
9134
19%
103i,
1
>
1 74
87%
25%
3% '..
10
25
76
'
1st
conv
8%
110
*116%, 117
76 34
6%
63/4
28%
87
20 %
20 »/4
19%
28
,.
20%
X68 %
88
*86%
86
19%
25 %
*113
6%
6%
6%
86
24%
28%
*108%
110%
'113
*113
25%
,
Jan
11% Jan
Copper
8%
•
29 Vi
4
Mar 11
27% Mar 26
100
Jan
12% Jan
5
Co
Machine
9
19% July
2
1
35%
27%
8%
Nov
4
1
35%
9%
25 Vb
21% Feb
Corp
(The)
35%
8%
Dec
Aug
37
31% May
pat
Mengel Co
♦33
032
34 Vi
19
6% Mar
1
11
7
t$5.50 pfd ser B w w......No
8%
.
3% Sep
22% May
5
Jan
2% Jan
Melville Shoe
8%
9%
Jan
21% Jan
100
__
8%
8%
26 Vb
5
preferred
8%
8%
17 % May
2
t$6 preferred series A
40
81
23% Mar 29
100
Corp
80
Jan
7
,
1
Stores
Mead
Oct
12%
1
Robbins
&
Jan
11 Vi
Apr
Jan
preferred
150
9%
85
30%
-
4,600
110
9
15% %
7.400
10%
*109
9%
McKesson
20
Jan
>3%
Jun
Nov
Jan
Jan
No
Dec
2
8Va
No par
McGraw-Hill Pub Co
2%
Jan
4%
37
Mclntyre Porcupine Mines
6
Vb
16%
15
18% Apr
165
McGraw Elec Co
900
45%
6
4
*6%
7.14% Mar 30
10
preferred
2% May
5
May
11% May
% Mar
5
May
Jan
5
100
Corp
■
Jan
2
22
par
McCrory Stores Corp
15
6
23% Jan
131
•
22
19a; Apr
2% May
1
17%
14%
Deo
Mar 24
10
•
Jan
3% Jan
31% May
1
No
19
6
Mar 15
6% Apr
Apr
-Dec
9% Jan
par
preferred
17%
233/4
9
I
18% Jan
No
___JVo
15
♦44:,/4
*
14% Jan
No par
17%
conv
320-
1
2
.No
,
14%
5%
Mar 15
3% Jan
„
14%
113
,320
—.1
Wks
17%
115
Jan
6% Jan
1_
14%
115
27%
par
No
Co
*16*4
*iil%
Jan
1
Co_
cum
13%
pr preferred—100'■
L)
Stores
Nov
—.3
preferred
$6 1st
10
*103
Jan
9%
243/i Mar
Department Stores
$3
21%
4
Corp
Maytag Co
28%
*28
Apr
25
preferred
May
17%
1
Alkali
2,200
47
5%
28%
Elec
5
Jan
^
Masonite
Master
'
28
(Glenn
5%
46%
5%
.
26% Apr
20
..
Martin-Parry Corp—
Corp
2,300
31%
6 "'
>
'•
31%
2
15%
12% Mar 26
Exploration
Midland
Martin
11.600
34
*30%
6%.,
34
32
25
5%
22%
%
34
34
*30%
47
5%
22%
22 Va
33%
175
46
45%
5%
%
25%
*166
175
45
5%
22%
33
*30
6 %
*32
175
45
6
32%
24%
32
30
22%
30%
6
31'/2
21%
22
21%
21%
3534
i&% jnn
10
Marshall Field 61 Co
,
k
Dec
4
No
Oil
26%
,122
Jan
Co
Market St Ry 6%
11,200
15 Va V
14%
Maracaibo
i
76,900
21 %
J.5»/4
13%
y
2%
3
,10
Manhattan Shirts
I,600
2%
/:/
•
'
6
May
No par
Bros
-
May
37
28
No par
Co
Sugar
'9%
29
2
—
par
Copper___
*11
8
Jan
1
100
Inc_—
36%
25%
*
—10
preferred
Trucks
36 »/4
Jan
Jan
Jan
Apr
Jan
Jan
Jan
5
13
25
2
12
,
43%May
37
Mar
:22%Apr
xl6% May
4
7
lute Apr
,31
Mar 29
•
,
6%
70 %
22
68%
116
9%
44 -
2
7
;
-
May
May
.6
1
Mar 29
Feb 15
Apr 21
Apr
6
Feb 27
48 Va Mar
29% Mar
6Y4 Jan
9% Apr
11
Oct
12%
Nov
20 Vi Aug
25%
Jan
3%
Jan
2
Sep
50
Jan
63
Feb
11% Jan
17
Dec
69%
Jan
49
May
113
Dec
108%
Sep
4%
Jan
6%
Nov
30%
Jun
39%
Feb
1
Deo
N
•
1%
9%
9%
9%
9%
39%
40%
*39%
18 VB
•18%
18%
19
18%
19 %
18 Vi
19%
8%
9Va
9 >4
9%
9%
9
9
10 Vi
•
9%
!
'
9 Vi"
'
10%
11
10%
11%
10%
12Vi
123/4
12%
123/4
12%
133/4
13 VB
133/4
13 >/4
1334
203/a
20 VB
20%
20%
20 Vi
20%
21
20%
21Vi
•21
*171
174 V8
172 Va
172%
11 VB
vV 13
20
,11
11
19%
175
*171
19%
19%
*171
19%
•
20%
20
20
10%
18%
9 Vi
39%
8%
39 >4
18%
10
9%
40%
9
93/4
10 Vi
37%
•
3/4
40
18Vi
•
8%
*J.Vb
39%
40
18 Vi
1 Vi
40%
9%
9%
9%
39%
*
-
*171;
172%
20
11
2014
'
'
8 VB
7%
25 Vi
25 >/«
25%
25%
25%
25%
25%
253B
25 %
14 Va
14%
14 Vb
14%
14'/a
14%
14 Vi
14%
14 Va
14 %
19%
19%
19% '
10%
10%
•'
10'%
7%
7%
8
18 '/8
18%
10%
19
19 '
19%
19 Va
10
•18%
10
8
10%
10
10%
10 Vi
,
7 Va
8
•
i
National
100
t
20 Vi
1,200
9%
*9%
9%
313/B
31%
313/4
31%
31%
31%
23%
24
24%
24%
24%
24%
24 Va
9 Vb
8%
8%
9%
9
9
*9'/4
9
85
84%
84%
84%
84%
84
i
84%
15%
153/4
15%
16
16%
16%
16%
16 Vi
167%
167%
8%
8%
*84 Vi
19:J/4
;
•
4,700
9%-:
84 V4
84%:/
16 Va
Nat Distillers Prod—
2,500
9%
20,500
9
84
r
84
6?#
<••
preferred!
National
{
$4.50
—t_No
Products
Dept Stores
Nat Enam «t
250
19% Apr
1
13% May
2
8% Feb
3
2
•
;
18%
9%
14%
6%
9%
Stamping—No par
„_1
*138
18%
167 Va
167 Va
140
140
32%
168
*140
168
168
168
1403/4
141
141
*140
'
19%
19%
193/4
20/>
20%-' %
32 Vi
32%
32%
32 Va
3 2 "V4
19
32%
i6Vi '■<:
•
32%
V
20 V2
32
v
National
preferred——No par
Lead
Co—
t7%
t6%
7,000
Nat Mall & St'l
1,200
(
National Oil
Cast
—
13
6
13
iNo
Co
160
137
100
-
Products Co
par
31% Feb / 5
4
8% Mar 25
5V4
5%
5%
56%
5%
57%
•V/
j
5%
5% ■•/.
5%
5Va
5%
5%;-
v.,v;:> 5%
.•
5%
!. %
'
46,000
National' Power & Lt„———No par'
2% Jan
;
*
57
573i
57 Vi
57%
58 v
57%
57%
57%
-
v
3.900
58 %
National
Steel
:
Corp__
Jan
5% Jan
14% Jan
57
Jan
52
.25
*
12%
123/4
26
*25%
76%
'•
13
'
-
,Z
.77
81
81
26%
/.
82
5%
6Va
8%
9
9%
12%
12%
*46%
49
„
26 Va
26 Vi
7734
75%
82%
82%
6 Vb
6%
6 Vi
9%
9%
9
12%
49
*108%
123/4
13
19%
*19%
20
*84
87%
*84
49
19%
*84
*46%
49
*48
12%
r
19%
/
13%
14 Vi
25%
78
78 Vi
84
84
:30,200
85
6 Vi
6%:; /
9 V»
./.. ;■//: 8%
12%
12 Vi
V
27
27%
77%
83
•
26%
76%
//:,
76%
82 VB
14
13%
13 Vi
19 Vi
20
87%
*84
49
*48 Vi
V'
/■
■
-•
7 Vi'; /
12 Vi • "
7%
9Vi
500
r
20,900
'
14,200
12%
13 >4
'
20
20
87 %
20
'
87%
f
49
!
*84
49
*108% 110%
i
63/i
8%
& -jy.
1,610
// 1,480
49
•£■
5,900
".
400
.
;
200
/P-
National Supply
$2
conv
t5%%
—
prior preferred
14
20 Vi
prior preferred
100
'•National Tea Co._————..No parNatomas Co
Nehi Corp
—
conv
1
Newberry Co
serial preferred
(J J)
110%
*108%
110%
36
36
36%
36%
363/4
36%
37
37
37%
1,700
14
14
14V4
13%
14
13%
13%
13%
13-5
f
4,600
20%
20%
f
6,300
10034
:
—No par
Newport Industries—
100%
100
Newmont Mining Corp
13%
*100
34%
34%
Vi
19
18%
For
footnotes
see
1103/4
*108%
21
20%
21
101
20%
20%
*34
.—No par
Nelsner Bros Ine
4% %
*100%
101
35
35%
19%
page
1719.
18%
35%4
19%
20%
20%
203/4
101
36
18%
20
102
101
36
p
•••;■.
*103%
f
/
20%
102' v
35
36 Va
19%
20
'
110%
35 V8
36
18%
20
5%
300
-100
preferred series A
10
1
—1
N'port News Ship & Dr Dock
$5 conv
,
preferred
Brake
2,000
New
York
Air
151,600
New
York
Central
...No par
No par
No
par.
62
Jan
2% Jan
Jan
'9% Jan
16
Jan
6
No par
'
353/4
1C1
*100
100
...
t6%
36
1103/4
*35%
_10
.40
(The) Pi;
preferred
14
*108%
18
:
13%
87%
12%
19%
87%
26%
77
6
*84
26
77%
82
8%
*18%
13%
77
6
:■
13%
82
.
VP
13%-,,
26%
•
-
2
5
2
4
5
2
2
5
7
4
Jan
4
Jan 11
Mar 31
Jan
2
10% Jan 12
17% Jan
2
95% Jan
7
74%
37
106-%
26%
27% Jan
2
10% Jan 12
Dec
9%
Oct
6% May
May
-
17% Apr
12%
8
6%
12
4%
16%
166 Va
Jan
Apr
16%
Dec
5%
Nov
Jan
Sep
Apr
Jan
8% May
20
Dec
9%
9%
Apr
26
18
Nov
Sep
Nov
Apr
6
60
Jan
72
11%
Apr
16%
3%
Dec
15% Aug
7% Nov
14% Mar
17%
Oct
May
3% Jan
11
%
Dec
Mar
Jan
171%
Apr
10
145
May-
168
Jan
145
Feb
13
129
Mar
146
Jan
20%
May
7
13 %
Dec
17% Mar
36
Jan
4
29%
Apr
36
5
1%
Apr
'
y 57
8%
7
14% Apr
19% May
10% May
10
Feb
31% May
24% May
938 May
85
Apr 22
Jan
Jan
14% Jan
..100
preferred B
Jan
203/4 Apr
25% May
2
14
Nov
5%
13
4
Jan
10
preferred A
30
'
<
18%
•
19,100
150
166 V2
142
166Vi
/'
32%
19
18%
32%
19
*31%
168 Va
140
168%
*138
140
16%
5%
140
"
'•V
Oct
Apr
6
4
Nov
19%
3
24
Jan
2
13
16
14
15
12
70%Jan' 4
_No par
'4
3% Jan
Apr
21%'May
173
Jan
Jan
Jan
Mar
x25% Jan
17%'Jan
6
Jan
par
7
9% May
11% Apr 27
13% May
7
;_10
—
■'
162
Jan 1 7
17 "Jan
4
5% Jan
5
No par
Gypsum Co_i_>
conv
;
8% Jan
15% Jan
Corp——No par
10
11,700
)
r
4
5% Jan
Register—No pdr
National Cylinder Gas Co
1
National
..
15% Jan
Cash
Nat Dairy
934
16 34
Share
10,500
.
10%
29 Vi
10
23.400
24%
'
8%
1
>
14 Vi
31%
v
*9
&
Nat
24%
31%
24 Vb
Bond
16% May
100
National Can Corp
31%
9%
30%
Nat
29
10
preferred!
10.300
/'// *9 Vi
*9%
1%
40% Apr
•
—5
Corp
Co
12.900
i
19 %
'•
<
l%Feb 11
10% May 7
2
1
preferred—
Aviation
Biscuit
"
7Vi
7 Vi
25 Vi / 25%
1038
9%
23
23
■
;/
30%
'
*9%
30%
1
conv
National
14/%
*
•,
-6%
16,600
19,200
5
2
_No par
3
Louis
Co_„;
Acme
3 % July
7
Oct
1% Feb
6% Jan
23% Jan
1
Corp__k—
& St
Nat Automotive Fibres Inc.
'.4,400
<■
'
8
7%
25
National
7,500
14,000
13% v
*19
,
;
Chatt
tNash
21 '4
*171:;/ 175
175:/,'V;
20 V4
f
xll;.
Nash-Kelvlnator
830
100
Liquidating Co—4
5%
61%
14%
27%
78%
85
7%
10 %
13%
May
Mar 29
May
7
43% May
4
9%
3%
54
Nov
Jan
Oct
May
6V'a
Jan
Jun
16%
Feb
May
6
May
7
45% May
63
Feb
May
7
61
May
70
Feb
7
2% Mar
4
Apr
5
4% Oct
9%
Feb
A or
fi
5% Mar
9%
Dec
20
May
6
86%
Mar 15
49
Apr
112%
Jan
37Va
14%
Apr
8
30%
Feb
Mar 30
7%
Apr
11%
Jan
21%
Dec
25%
Jan
May
11
Jan
17
bet
Dec
70% May
75 Vi
Sep
22
28
Apr
39 Vi
Dec
30
104
Mar
110%
Dec
22%
Apr
Mar 30
15%
May
102
36% Apr
6
93%
Dec
109%
Jan
6
23% May
32%
Feb
May
5
12%
Oct
20
6%
Jun
CHRONICLE
THE COMMERCIAL & FINANCIAL
1716
Monday, May 10, 1943
Range for Previous
STOCKS
Tuesday
May 5
May 3 // /•
May 1
Thursday
Wednesday
May 4
Monday
Saturday
May 6
EXCHANGE
the Week
M
-
$ per
$
share
16%
16%
44
113/4
26%
*102%
17%
173/4
49 «/4
47%
49%
*19%
19%
11
r
103
♦103
46
47
44%
'
1 %
1%
J.93/4
19%
11%
27
27
103
104
1V4
1%
1%
1%
3%
3%
3%
%
%
•Va
%
243/4
24%
S/8
%
24%
25
*31
180
180%
*115%
153/4
v
181%
\.
•
•
109
1%
"■•>
1,370
46%
24,300
9,400
1,200
253/4
25%
26%
8,400
N
33 Va
33%
32%
33%
2,300
181
181
•116
117
15%
v
117
*116
15 Va
153/4
V-
1,050
Op
CO 0
117
15%
153/4
18.1.3/4
700
55
54%
55%
54%
54%
*533/4
55%
54
54
53%
533/4
55%
54%
54%
54%
54'/a
54%
543/4
54%
54%
54 Vb
54%
1,400
13%
13
13%
13%
14%
13%
13%
13%
13%%'
13%
13%
22,500
99%
99%
*99 Va
163/4
16 Va
*112%
18%.
19
39%
43%
\
43%
12
*11%
12
*11%
5%
5%
*41
f
113%
100
*99%
100
114
17%
10
•
113 V8
V
113%
113%
18%
112%
18%
18
18%,
17
•;
114
6%
Dec
123/4
Apr
16%
Dec
63% Jan
7
104
Apr
28
60'/a
Dec
110
Jan
22
106
Apr
17
80
May
109
Feb
54
Jan
6 3/8 Jan :
101
50
Mr/
*39%
5%
*41
19 3/a
18%
19%
40
39%
39%
53/8
5%
43
43 Va
19%
19%
119,100
1
610
5%
19%
20
10,200
39
,
39%
*39
39
150
5% ;/; 5%
i
*43
44%
11%
12
12
23 %
Dec
ft
Jan
Mar
1
%
Jan
2%
.1?
Sep
1% Mar
3
Va
Jan
%
Oct
2'A Mar
4
6
Jan
4
20% Jan
_1
2
14
ft
ft
Feb
1
6
Jan
1% Jan
100
100
100
4
30
47% Apr
281/8 Jan
__100
Oct
26% May
7
19
Jun
30%
Jan
33 3/a
6 V
15%
Apr
23%
Dec
1813/4 May
100
113
Jan
116
—10
93/4 Jan
16
50
-50
49% Jan
487/a Jan
1
9% Jan
50
100
North American Co
91% Jan
preferred series
preferred series
6%
53A%
North American Aviation
Northern Central
Ry Co
Northern Pacific Ry
•
12
12
12
5%
5%
*43
44%
>■■/-.;
44%
6,200
40
t;
900
12
12
Telegraph
Apr
24
116%
Sep
Apr
21
11%
Nov
52%
Jan
53
Jan
6% Mar
3
5
8
6
99% Apr
20
85%
Apr
2
18% May
6
4%
Jan
Jan
2
114
May
19
20
May
Jan
6
14
31
Feb
40
15
6
No par
11% Jan
13
No par
6
100
No par
29% Jan
6
No par
15% Jan
Apr
Apr
Apr
9% Dec
14
Jan
Jan
96
Nov
8%
■
Apr
110%
%
Apr
VM 17%
31%
Apr
100
5
8
7
15
5% May -6
45
Jan
8% Jan
2.50.
V
39
14% Apr
x3% Jan
No par
—50
Preferred
Norwich Pharmacal Co
192
Mar
39
36
50
Norwalk Tire & Rubber
Mar
16 Va Jan
No par
Lines
Northwest Air
143
108
55% May
543/4 May
107
Jan
6
73/8 Jan
No par
tNor States Pow $5 pfd
Northwestern
May
162% Jan
preferred
4%
Jan
23
5
100
"
19
39
5%
*5%
*41
*993/8
100
173/4
17
*113
19
*39%
•
113
113
40
19
/
17%
16%
v
113
*99 %
May
22
tNorfolk & Western Ry
tAdjust
j.
32,200
15%
13%
100
Jan
26
Apr
Noblitt-Sparks Indus Inc
*54
♦99%
Feb
15%
Apr
preferred
25%
*54%
100
Feb
51
Jan
12
Shipbldg Corp part stk
Y
17 Va
Dec
10'A
27
IN Y Ontario & Western^
\Conv
Jun
35
1
2
IN Y N H & Hartford
%
3/4
11%
4
Apr
4
tN Y Lack & West Ry Co
1%
4
%
6
49 Va May
203/4 Apr
16 3A Jan
par
preferred
non-cum
5
50
4'/8
M.%
4 Va
%
:
•45%
45%
10 fr
18
27
No par
:
NY & Harlem RR Co
20
27
Highest
$ per share
share
e
*116
/■;/'•'
16
*105
preferred
33
•
180%
117
15%
15%
153/a
180
.'
33
33%
*116
117
♦116
116 Va
153/a
181%
180
v
32
31%
313/4
313/4
■
140
4%
•
5%
No
Dock
York
New
Jan
143/a Jan
11
$ per
$ per share
share
1942
Lowest
/•Highest
31% Jan
100
100
No par
25%
243/4
7
104
1%
4%
%
/•
45
1%
33/4
Ob
24%
■/
24%
1
*102%
$ per
preferred series A
6%
NYC Omnibus Corp
600
109
'*105
453/4
45
1%
■
'■;•/' *»/a
:
1,200
27
27
105
*102%
109
*103
46
19%
*103/4
27
700
par
,
N Y Chic & St. Louis Co
17,300
•
11%
19%
11%
27
CO
/>."//
33/4
47
4,800
17%
46 >/4
11%
•
3%
16%
/•;/;■
19%
v
105
105
109
173/4
48
19%
102%
27
102%
,
.
Year
Since January 1
Lowest
>1
•
Shares
$ per share
11%
A
20
11%
11
27
27
103
47%
16 Va
463/8
18
46%
*25
•
109
47
17%
19%
1033/4
*100
17%
45%
•/'/•Ml
26%
$ per share
share
17
193/8
*11
$ per
share
45./-
V
44%
*19%
$ per
share
per
Range
STOCK
NEW YORK
Sales for
Friday
May 7
7
>
1
Jan
'
•
"*•
Sep
Dec
Mar
>, 38
3%
Dec
Feb
34
Oct
73/4
Sep
10%
Jan
6%
Apr
12%
Deo
Jan
30%
Dec
Jan
6%
Jan
20
7
12% Mar 25
'
1o
40 Va
403/4
40 V4
6%
63/4
84%
*83
18%
18 3/8
/
84%:
6%
8%
19 Va
18%
18%
18%
56,800
;•> 41%
41%
41%
4134
2,400
36 Va
6%
84
7
7%
8%
150
*147%
150
*36
19%
-
38
19%
150
37%
37%
2,200
6,800
Otis Elevator
10
38
300
*36
No par
12.50
*55
56%
58
58%
4,500
Owens-Illinois
12
12%
2,900
46
Pacific Amer Fisheries Ino
11%
12
2,030
Pacific
47%
47%
250
22%
1,180
14%
200
59
56
56
*56%
57
56%
56 Va
59%
59
59 Va
58%
59
57%
58
11%
11%
11%
11%
12
12%
11%
12
12%
12%
12 &
12%
12%
123/4
123/4
13
12
12%
12
12%
48%
49
49
24
24%
22%
*13
14 %
tOutlet
Co—
Co
Glass
3%
17
2%
7% Mar
Jan
69
100
5
preferred
6%
18% May
4 2 3/s Apr
37/a Jan
142
Outboard Marine Si Mfg
30
583/4
*56
(The)
8 %
preferred A
Oppenheim Collins
150
*147%
37%-
59
57 Va
Omnibus Corp
*
37%
58 Va
*55
170
i
Oliver Farm Equip
8%
8
20
22,400
Ohio Oil Co
19%
84
8%
8
8%
19%
7%
84%
63/4
7 Va
84
84
84
19%
8%
20
151
*150
151
36 Va
18%
41 J/4
84%
83/4
18%
18%
413/4
7>/4
84%
18%
8
SZ
36 Va
•35
403/4
18%
183/4
41%
6%
*150
151
♦150
18 3/a
41 Va
63/8
*83
8 Va
*7%
18%
17 3/a
17%
17 3/a
90
Jan
8
59
Mar
3/4 May
Jun
11% Mar
17%
Dec
Mar
143%
Apr
27%
42
Jun
48
43%
Apr
57%
Dec
8%
Jan
Mar 19
151
Jan
Apr
4%
2%
20 % Apr
Jan
79
Jan
132
xl6%
28% Jan
15
38
Apr
8
Jan
22
58
Apr
24
54% Jan
12
60% Mar 12
Sep
Dec
Mar
P
*46
24
48%
14
*13'/a
493A
493A
24%
24%
25
24%
243/4
*13%
Ac:
493/4
23%
49
24
48%
14%
13%
13%
14
14
1
*13
1st
2d
Coast
(Cal)
Finance Corp
Pacific
28%
28%
28%
28%
28%
29
28%
29
28%
4,300
Pacific
41
40%
40%
41
41
41
41
40%
41
*"40%
40 3A
1,300
Pacific
Ltg
24%
24%
24%
25%
25 'A
26
24%
25%
24%
25
24%
24%
3,900
Pacific
993/4
100 Mi
*99%
99%
99%
♦152%
153%
153%
16
33/4
3%
33A
16%
16%
*16%
4%
4%
4%
43/4.
31%
31%
31%
31%
31%
32 'A
31%
9%
*9%
9%
9%
9%
*9%
110%
110%
109%
2%
2%
*9%
r
*98
25
•
.
101%
>.
101%
25%
25%
4%
4%
4%
56,300
16%
16%
16%
500
43/4
5
16% Jan
20
5
par
33
par
19
Jan
Jan
4
2
27
91% Jan
25
104
5
155
1
Oil Corp
—10
313A
33%
32,400
9%
*9%
10 3/8
300
110%
*110 %
110%
2%
2%
3y8
*98
253/8
26%
243/4
>25
300
3%
42,200
42%
*42
101 %
42%
.
110%
110
! A 2%
*98
40
101%
253/a
25%
600
43
50,000
26%
26
243A
Parafflne
400
26'A
1
■;:/"4%
Tllford
&
23/a 'M 2%
2%
2 %
2%
14,100
Park Utah Consol Mines
29
283A
293/a
293/a
30 Va
30%
30%
13,300
Parke
17%
17%
18
18
18%
18
18 y4
18%
18%
<6,100
Parker Rust Proof Co
17%
5%
5%
5%
6%
5'A
26%
58%
5%
26%
5%
26%
*56%
26%
26%
27
26%
58%
*57'A
58
*57%
*57
89%
89%
89
89
89
5%
6
263/4
6%
27
58%
58 %
88%
89
t"
90 %
7
8%
8V4
9
8'A
8%
8
8%
8 Va
8%
7%
2%
2%
2%
2%
3
3
3
3
3%
33/8
*39
39 y*
39%
*15%
16%
*15%
16%
30
29%
30%
30
163A
*16
303A
22
52%
22
22
*21%
52%
*21
523/4
53
53'A
43
43%
43
*16
109%
30%
31%
39%
163/4
163A
22
*43A
5%
5%
44%
43
163/4
22%
700
55%
22%
54%
543/8
■
200
43,500
2,500
30
.
54
4,300
31%
16%
303/4
22
54%
3,900
*109%
31%
22
17,000
8
41%
31%
53%
1,500
3%
41
163/4
♦109V2
22
43'A
42
32
533/4
5'A
39%
109%
22
443/8
*43/4
5%
*4%
*39
*109%
*109%
*109%
39%
Penick
89'A
89
2%
39
Patino Mines <fc
58%
88
Parinelee
15,500
29
28'A
*57
5%
5%
5%
433/4
43 Va
5
433/4
>'
c
43%
600
5
33,900
45%
(J C)
Penn
Coal Si
Penn-Dlxle
Coke Corp
Penn G1 Sand Corp
Pepsi-Cola
Co—
.
Pere Marquette Ry Co
14
14%
15%
15%
15%
153/8
143/4
15%
14%
3,300
49
49%
503/a
50
50
47
48
*46%
47%
1,700
6%
prior preferred
35%
36%
36%
37
37
38
38
33
*36%
373/4
1,600
6%
preferred
*243/4
25 Va
243/4
243/4
*243/4
26
9%
9%
9%
9%
13%
200
26
26
26%
*243/4
26%
9%
9%
9%
9%
9%
9%
6,800
Petroleum Corp
7%
7%
7%
4,600
Pfelffer
75,200
7
7 Va
7%
7%
7Va
7%
7%
7%
26
26%
26%
27Ve
26%
27%
26 3/4
27%
263/4
27Va
26%
26%
44
433A
44
433/4
433/4
84
84
203/4
22 Va
803/4
81
80 3/4
107%
109
♦107%
110%
43
,
*84
81%
21%
82
109
109
44%
843/4
843/4
85
84'A
84%
83%
84%
170
223/4
22%
223/4
22%
22%
21%
22%
51,400
82
*108
114
112
112%
♦110%
112%
112
11%
*10%
11%
♦11
11%
*87
89
88
*88%
92
48%
7
102
%' 113
*102%
58%
175
*160
123/4
12%
12%
25
*102%
113
8%
*102%
113
*102%
6
53/4
6
53/4
8%
*70
13
13
♦162
"6
5%
79
42
43
73
73
14%
14%
72%
14%
•78
43%
73%
74
15%
4
~4Va
14%
46
47%
33/4
8%
83A
♦70
74
13
13Vs
175
*162
56
83/4
74
133/4
175
~6%
53/4
*9
9%
♦78
80
43%
44
13%
*162
9
9
*77
80
44
15%
,
4
15
33/4
6,300
80
80
44
43%
45%
15%
*14%
11,100
•
1,800
70
2,400
A
74%
790
143/4
2,200
33/4
~33/4
1,600
46%
*156
"33/4
46%
47
46
47
46%
363A
36 3A
37%
37%
37%
37%
363A
363/4
36
363/4
200
20%
20 %
20%
20%
20%
20%
20 3A
20%
20%
20%
20%
3,900
22
22
22
21
21
21
21
21
21
10
10
8%
8%
17%
17%
17V8
17%
173/4
10%
11
10%
113/8
11
8%
*
10
10%
10%
103A
18%
18
18%
18
11%
10%
11%
11%
io3/8
*10%
11
11
11
11%
*34%
36
36 3A
37
11%
11%
36
37
*36
'
54
54
54
*117%
120
54%
*117%
54
*117%
120
54%
120
18
17%
17 S/8
5,700
11%
103/4
113/4
30,900
11%
11%
*10%
11%
363A
37%
*33%
373/4
543A
54%
117%
*117%
500
103/4
37
54%
940
9%
11%
117%
54%
120
54 3/8
♦117%
55%
120
19,000
r
,
930
98%
980
108 3/4
190
119 %
1193/4
120%
121
122
1213/4
1213A
121
122
1215/8
122%
700
*117%
118
117%
117%
117%
117%
117%
117%
117%
117%
117%
117%
110
33'A
34
34 %
35 y8
35 %
35%
35%
35%
35%
363/8
35%
36%
24,400
see
page
1719.
16
Apr
55% May
6
Apr
1
Feb
Nov
3
16% July
23%
Jan
7
36
Apr
47%
Jan
2%
%
6
15% Mar
Apr
51%
Feb
May
29%
Jan
26
19%
Jan
Postal
7
Jun
27%
3
4
Apr
6%
7
5
Mar
29% Mar 29
22
Dec
32%
Jan
28%
Apr
40%
Jan
4 6'A
Apr
6
86
Apr
22% May
49
83% May
55%
7%
5%
Si
pfd
6% May
29
92
Mar 15
65
Apr
26
30
7% May
l'/4
3
8
43
7
Jan
Feb
8
Jan
6
Jan 25
Jan 14
9 Va Feb
4
4
9
l% Jan
29
8
Pub Serv Corp
4
Jan
Jan
<
Pullman Inc
6% May
59
May
15%
3
1
26%
3
Nov
Apr
66%
14
7%
15 3/a May
170
-
jl% jan
75'A
85%
96%
109%
Jan
19%
Oct
May
~4%
Sep
Apr
43/5 July
Mar 30
9
71
May
Dec
Apr
38%
6%
68
10% Nov
Jan
165
Feb
165
Apr
165
May
175
3%
6% Apr
4
Oct
Jan
Jan
Feb
Feb
Dec
5V4
Jan
May
6%
Jan
47%
Oct
33%
Jan
Jun
70
Feb
6%
153
4
4 % Apr
62
Jun
58
167/b Mar 29
150% Jan
Apr
20
45% May
/75
Mar 31
Jun
July
10%
153
Jan
July
1
Apr
Apr
3
11%
Jun
14%
23% Aor
5
15%
Jun
18%
Oct
5%
Jan
3
22
10% May
6
3% May
3
22 % Mar
3
9%
Jan
6
11% May
6
5%
11% Anr
5
6
7
4
No par
65
Dec
47% May
7
par
Oct
Dec
3%
21
48% Jan
100
100
100
Jan
38
1143/4 Apr
par
9
80
46
2
18
par
par
Nov
28
Jan
14% Jan
100
of N J
No
preferred
No
t6% preferred
t7% preferred
i8% preferred
tPub Ser El & Gas pfd $5—No
t$5
Feb
Dec
107% Mar
110
30
Jan
20
6% Jan
of Feb 1 '29)
May
Apr
79
8
17Va May
iser
Apr
Jun
Mar 29
No par
No
Jan
Dec
May
Jan
18
Gamble
76%
98
50
Jan
Xl4%
103
Jan
12
Dec
Apr
May
114
6
Jun
May
109
May
No par
No par
1
Jan
Mar
86
Pocahontas'
Steel Car Co Inc
7%
7% May
26
5
Teleg Inc preferred
Pressed
Jun
9% May
102
j
Co class B
Oct
18
Apr
&
Dec
Dec
36
82
Poor
30
5
Apr
Creek
Aug
5
10
100
15
May
Apr
4% Jan 13
597A Jan
5
24
Jan 13
66
Jan
4
7% Jan
2
150% Jan
4
100
Jan
Jan
40
No par
_•
Sep
2
44
51% Apr-
Pitts Screw Si Bolt
preferred
4
Jan
4
178
—1
Dec
4
Jan
(The)
Oct
Dec
15% May
Jan 21
Jan
4
No par
7% preferred class B
100
6% preferred class A
100
5%% 1st ser conv pr pfd
100
Pittsburgh Sc West Va
100
Pitts Young Se Ash Ry 7% pfd—100
29%
60
82
7
175
Pittsburgh Steel Co
Dec
Nov
45% May
170
.
lTa
25%
4
3%
34'A
5
59
No par
Jan
17% Mar
108%
23
100
Pond
Jan
Jan
18%
100
preferred
17
May
5
18
102
No par
.
104
5
32 y8 Apr
Jan
70
25
11
173/4 Mar 26
preferred—
B
Oct
Jun
109% May
18% Jan
100
1%
32
26
6
18,200
footnotes
3'A Jan
Mar
88% May
16%
For
1% Feb 17
79'A Jan
5
44
Jan 20
3
3% Mar 26
44
Jan
Apr
56% May
1% Apr
24
5
88 Va
119%
68% Jan r 2
133/4 Jan 14
71
Feb 20
106
Apr 20
109'A Jan
7
44
17% Anr
16
98%
4
ft Mar
13%
4
13
87
*108
Jan
Mar
9
4
5
Jan 20
123
21
Jan
Sep
8%
Jan
8%
Jan
29%
Jan
42
I
Jun
6% July
22% Jun
20
17
98%
37
9 03/4 Apr
13% Aug
6
Feb
10
88%
108 %
Feb 20
6% Jan
4
5Vb Jan 12
23% Jan
8
23
May
60% Mar
4,000
163/s
973/4
Jan
Jan
29
56% Apr
87%
107%
4
6
Feb
3
23% Jan
2
17% Feb
9
46% Jan
9
l3/4 Feb
4
28"/« Jan
6
5% Jan
6
34'/a Feb 18
19
Jan 27
100
Pittsburgh Forglngs Co
Jan 11
Jan
6
Jan
6
6% May
Procter
17
99
80
3%
1%
33%
13 !A
109
5
12
13
18% Mar 30
37% May
873A
109%
1% Jan
23
Jan
55% Apr
100
A
17%
7
100
100
Class
Nov
Jan
16
—10
Preferred
Class
Apr
Dec
101
2%
4
163/4
983/4
113/4
Oct
38
29%
No par
3
Plllsbury Flour Mills
Plymouth Oil Co
Mar
Dec
2%
.
Apr
14
86%
♦108
Hosiery
Co.
Apr
Jarf
100
.
Pittston
Jan
Jan
106%
Sep
90
5
8%
19
6% Jan
17%
983/4
Apr
24% Jan
87
110
26% May
5
17
973/4
28
174
Dec
20%
6
50
85%
108%
9
Dec
1
6
Jan
Oct
27
101
17
42% Apr
102
Oct
Apr
Oct
No par
100
No par
5
Phillips Jones Corp
7% preferred
Phillips Petroleum
Pncenix
12
Mar
3% May
■
3
6%
May
112% Apr
9
Jan
113/4
33% May
10
-
Jan
1%
Apr
2d preferred
17%
97%
-
series
t4% %
2
5
1st preferred
853A
110
Nov
Oct
5%
conv
16%
95%
4
Apr
1% Mar
4% May
173/8 Apr
conv
85%
*109
Nov
5%
16%
9 5'A
May
148%
5%
85%
109%
Jan
121
400
16%
95'/a
101
1,400
;
85%
109%
Corp
Philip Morris Si Co Ltd
tPreferred 4'A % series
1%
9
73%
t$6 preferred
Philco
Pitts Ft Way & Chic Ry Co
175
:
9
74
preferred
$5 conv preferred..——
15%
*20
*21
Apr
1%
5
Pitts Coke <k Iron Corp
37%
22
74
19'/a
25
50
2,400
45%
22
19
May
14%
Phelphs-Dodge Corp
fPhiladelphia Co 6%
3,500
6
*156
♦156
47%
Nov
Jan
7
No par
8 %
5%
:
of America
56%
5,600
45%
46
34
Apr
133/4
8
Brewing Co
Pittsburgh Coal of Pa
6 %
preferred—
80
43%
74
113
*36%
>
24% Nov
22%
7
Pitts C C & St Louis Ry Co
74
*162
*179
93/8
A
14
15%
175
:
8%
*71
6
74
4
55
10
1,000
5%
53/4
83/4
1,700
90
*102%
74
25,600
26
25 "A
56
5%
15
15
"3%
8%
*71
10
6%
*84
53/4
6
74
74
55%
113
500
49%
6
25%
*179
*179
*156
*159
55
56%
93/8
9%
9 Va
79
42
4
113
53/4
55
59
77
25%
170
92
48%
90
*84
90
11%
*88
6%
2,900
%
114
11%
49%
6'A
86
41 y4
3%
48%
6%
24%
77
*154
49%
6%
7
♦179
5%
9
8%
483/,
49%
108
>113%
92
86
175
*162
5%
5%
*88
88
•179
♦179
92
108%
113A
25%
74
*70
74
*70
114
*113
83%
83
83%
110
*10%
*86
8 3/a
83
*108
113A
*243/4
6%
8%
8%
*88
114
243A
6
58%
56
*6%
11%
82%
110
88
24%
6'A
5%
7%
*86
25%
493/8
49
7
90
6%
25%
*
48%
49
*86
v;
43%
823/4
109
♦10
88
700
43%
433/4
Apr
15%
28
Mar 25
41% Apr
23/4 Apr
No par
Pet Milk Co
*24%
7%
43%
Nov
30% May
100
50
5
100
100
1
100
100
100
IPeorla & Eastern Ry Co
•49
21%
21
26% May
par
5% preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & O C (Chic)
35%
85
Jan
7
No par
No par
$7 conv pref ser A
13%
20 3/4
Oct
7
2
par
No
Cement
48%
85
16
22
No par
10
Co
13%
43%
Apr
l'/a Jan
10
No
48%
9%
Oct
9%
27 Va Jan
No par
Enterprises
Ford
*34%
9
Oct
25%
17% Jari
2,50
Transportation
&
Penney
No
Co
13,800
53/4
5%
29
*57
90
39'A
6%
Apr
1
1
2 3A
28%
17%
Apr
par
Inc
1
2%
283/4
Si
138
10, 1943—100
2V4
Davis
15% Jan
1
Inc
pfd called May
Jan
35% Jan 12
100
Jan 22
100
28%
2% *•
2
par
preferred
conv
Paramount Pictures
Park
No
Inc
Cos
2
23 % Jan
Transp
Panhandle Prod & Ref
1st
*99 %
Petrol Si
Pan-Amer
4
20
7% Jan 16
105% Jan
2
American Airways Corp
2%
17%
2
Jan.
2% Jan
—5
5
tPanhandle East P L 5.60% pfd_100
33%
Pan
Motor
9
-
No par
Car
Packard
9%
10
Pacific Western
28%
2%
148
Jan
3% Jan
100
Pacific Tin Consol'd Corp
4%
16
Mar 26
29
preferred———
16%
10
23'A Jan
100
2%
A
29
92,400
5
32 y8
323/4
42%
*24
25% Apr
Teleg
&
28%
A
29
25
Corp
Telep
tPacific
29
'
43A
43A
*99 %
25
*24
100
154
*153%
3%
101%
253/8
154 %
580
104
103%
*16%
3%
17
42
26
*153%
155
*98
100%
102%
102
102
*99'/a
26
*24
26
*24
2%
23/4
42
100'A
25%
26
*99%
*99%
2%
42
42
42
♦100%
*110
111
'110
110
2% A 2%
M 41%
*40
154
154
154
3%
163/4
4%
4%
4%
153%
3%
16%
3%
3%
16
101
100%
29
13% Apr
49% Apr
No
Mills
29
2
5
5
13
Mar 15
No
Gas
40%
63A Mar
Mar 25
13
7% Jan
6 '/a Jan
23'A Jan
14'A Jan
Electric
&
28%
V}
8
10
No par
No par
10
Co
preferred
preferred
Feb
52%
115
Feb
9%
62
122
Oct
Oct
Jun
14%
Jan
Mar
863/8
Jan
Jan
Jan
/2
101% Apr
6
73% Mar
X99 Va
Jan
Jan
4
1103/4 Apr
5
79% Mar
111
Jan
4
4
2
126% Apr
6
99
Mar
123
Jan
111% Mar
116
Oct
HGVs Feb
26% Jan
119
Mar 30
36% May
6
20% July
28% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
Volume
NEW YORK STOCK
May 3
May 1 ;;B;v
$
$
per share
17%
99%
$ per
99%
$ per
share
May 6
$ per
share
1
.••./May 7
*
/
$ per share
share
18%
Sales
Friday
Thursday
,
18%
19
for
63,900
19%
19%
"18%
19%
109%
108%
108 %
108
108%
108
108
100%
100
100%
100%
100%
100%
100%
2,200
21'/8
20%
21%
10,400
800
20 %'
20%
'21 v
20%
20%
20%
20%
13%
13%,
*13%
13%
13%
13%
*13%
13%
13%
13%
13%
13%
600
10%
11%
11%
12%
12
12%
11%
12%
11%
12%
11%
12%
305,000
67
:
20%
67%
67%'
67%
68
69%
69
69%
68 VB
67
68
*100%
J '*
*100%
5
20
*100%
*100%
—.
'
*100%
'
—
' '/
8%
8%
9
8%
9
•8%
83/4
8%
7%
85%
85%
85%
86%
88
89
86
88%
86
87%
27%
27%
28%
28%
28%
29
28%
28%
28%
29
14
13%
13%'%
13
13%
13%
13%
13%
13%
13'A
*29
29%
29%
29%
29%
29%
29 %
29%
22
21%
22%
21%
21%
32%
32%
*31%
32%
*31%
32%
*32%
*28%
29%
*29
29%
*29
29%
*28%
29%
5%
5%
5%
57/a
*5%
Jun
14
Apr
11%
Dec
3
109
Dec
2
4
92%
Dec
13% Jan
2
100% May
21% May
90% May
80% Jun
106%
92% Jan
7
9% Mar
14% Nov
10% Jan
4
13% Apr
6
8% Mar
10% Oct
4% Jan
2
12% May
4
600
Real
9%
9%
Silk
390
Reis
3%
9%
800
Reliable
*19%
9%
19%
200
16%
14,800
19%
19%
20
20
15%
16%
16 %
16%
77%
*76%
77%
77%
77%
100
57%
56%
56%
56%
57
230
9%
10
3,200
17%
18
35,100
99%
100
120
6%
85
500
6%
77%
*76%
56%
56%
57%
9%
17%
100%
*100
10%
10%
10%
18
17%
*100
10%
9%
17
17%
18
17%
83%
83%
83
*100
100
100
100%
9
94%
*93
94%
*93
*68%
69%
*68%
69%
*68%
69%
9%
10%
10%
10%
91%
91
91
10%
10%
27%
28
35%
9%
68%
9%
16,000
93
*93
94%
20
69%
69%
*69
69%
90
5,900
8%
10%
27%
11%
27%
*35
9%
11%
11
11%
91%
91%
92
10%
9%
10 Vb
3,800
27%
27%
27%
10,300
35%
34%
35
*10
27%
*35
35%
17 %
8%
8%
91%
11%
91%
10
10
*83
85
93
9
11
17%
17
100%
69%
"91
35%
9%
9%
16%
*93
28
*35
*99%
*83
10%
27%
16%
84
11%
10%
35%
10
17%"';
91%
11
*91
10%
*90%
10
17%
94
8%
94
8%
10 Vb
17%
100%
83%
83%
9%
*93
11
10
40
9%
10
9%
10%
12,100
*16%
17
16%
16%
800
10
17%
9%'
*9%
300
9%
_
R.evere Copper
Richfield
Oil Corp
Roan
Antelope
9%
23%
23%
23%
23%
1,400
Ruberoid
15%
15%
15%
15%
3,800
Rustless Iron & Steel Corp
*47%
49
48%
*47'%
48%
*47%
48%
48%
48%
10
33%
34
35%
34%
35%
34
34%
%
%
%
U
%
Jl
1%
1%
IVa
1
1 Va
6%
6%
6%
6%
*6
6%
1%
1%
*8%
10
*8%
10
*8%
39%
39%
39%
40
40%
41
40
,111
11%
111
110
111
111
35
,
*110%
*11114
39%
39%'
39%
4,200
110 Va
270
110
110
11%
11%
11%
11
11%
14,200
35'A
35%
34%
35%
11,400
*100%
102
*101
42%
42
*111
*108%
111
V
102
42%
\h
%
2%
2'A
2%
*
23%
24%
24%
24%
24 Va
3%
3%
3%
..3%
3V'a
101 Va
100
42 Va
42%
2,200
111'A
*110%
111%
108 Va
111
*108%
111
%
n
%
u
2%
2%
2%
24 Va
24%
24
CM
3%
3 Va
25
3 Va
3%
50
n
26,500
2%
2%
24%
5,000
3%
3%
3%
-71%
x70%
71%
2,100
V
11,400
70%
71%
71%
14%
14%
14%
15
14%
15
15
15%
14%
15%
9,200
Servel
15%
15%
15%
16%
15%
15%
15%
15%
15
15%
5,700
Sharon
66%
66%
66%
66%
.66%
15
15%
15%
15%
15%
*72
73%
73%
*71%
*72
67
67
67
67
67%
67%
67%
230
15%
16%
16%
16%
16
16%
18,000
73
72 %
72%
*72'A
75 V-
*73
9'A
9%
9%
75
9%
200
6,200
9
9
9%
9%
39%
39%
39
39
39%
39%
40
40
40
39
40
39
24
24%
24%
24%
24
24%
23%
24%
23%
24 %
23%
12,600
23%
4%
4%
4%
4%
2 000
24%
25%
4%
4%
*4%
24%
24%
24%
24%
*1%
1%
1%
1%
"24%
28%
20
20%
27%
28%
27%
13%
12%
13%
25 %
140%
*140
23 %
30%
20
27%
27%
27%
13%
13%
13%
28%
28%
47%
48%
-
*27
28%
31,300
48%
49%
47%
48%
7,800
62
59
61
5%
6
4%'
4'A
4%
61%
'>61 %
5%
5%
5%
124,200
49%
61%
62
4%
30%
28%
29%
*4%
45
*39%
45
*39%
29
*27
28
*27
200
36%
36%
1,500
57%
56
56
6%
6
6
57%
*55
6%
6
50%
35%
114%
114%
114
*53%
55%
*54
114%
*53%
55
111%
♦110
56%
117
114
*55
57
*116
6%
7%
*110%
111%
25%
25%
25%
26'A
31%
32%
31%
32%
36%
37%
36%
38
36%
35%
*110%
'55
116%
7
*110%
57
10
4%
125
6%
65%
65%
65
12%
12'A
12%
12%
-77 8%
9
10
'V; 6%
18%
3%
3%
9
8%
9%
9%
18
8%
10%
10%
12%
12%
13
12%
60
60
60
60
125
125
6%
6%
;
3%
18%
3%
6%
19
3%
125
:
6%
19
3%
65%
12%
9
10%
13%
60
xl2%
29%
Sparks Withington
Spear & Co
;
preferredSpencer Kellogg & Sons
Sperry Corp (The)
Spicer Mfg Co
$3 conv preferred A
Spiegel Inc
tConv $4.50 preferred
Square D Co
5% conv preferred
Squibb (E R) & Sons
$5 pref series A
Steel Spring—
Co
Starrett
(The)
L S
Studebaker Corp
6%
6%
3%
Standard Oil of Ohio
Standard
68,900
6%
18%
6%
19
3%
3%
80%
6%
19
3%
81
6%
11,900
20%
8,900
4
82
31,300
2,300
75
76
77%
78
78%
80
80 %
30%
30
31
30%
30%
50%
31
30%
30%
28%
30%
9,600
30%
30'/a
30%
*29%
31%
700
(The)
Class A
Sunshine
pfd (4%%
Mining Co
cum)
Buperheater Co (The)-.
Superior Oil Corp
Superior Oil of Calif
Superior Steel Corp
Sutherland
Paper Co
29
29
29%
10%
10%
10%
10%
10%
10%
10%
10%
10%
1.300
Sweets Co of Amer (The)
10%
10%
*24%
24%
'24%
24%
24%
25%
25%
25%
25%
5,600
8wift &
24%
25%
24 Ve
footnotes see page
1719.
39
Dec
16
109 %
Aug
116
23
106%
Jan
Va
4
% Mar
3/a
Dec
16% Jan
25
May
10%
Apr
Jan
3% Mar
1%
59% Jan
71% May
43% May
4% Jan
Co
Dec
•h Feb
1 Va
17 Vb
Dec
2
Jan
113 %
Jun
Sep
Dec
3% Mar
62%
Nov
11%
Dec
9
Jan
16% May
8
Apr
10%
Nov
54
Jan
67% May
52
Dec
60
Jan
15% May
10% Jan
8% Jan
16% Jan
11% May
18
Feb
4
% Apr
20% Aug
19% Apr
27
43% May
28% Jair 11
4
16 % Jan
10 % Jan
•
2'A Jan
5
2
11
Apr
100
Jan
July
113%
Dec
15% July
20%
Jan
15%
Nov
Apr
23% May
7
7
9
Apr
Feb
6% Mar
10%
Dec
1% Mar
'
17
2%
Jun
13% May
14
Apr
15% Jan
2
Jan 15
7
17%
Jun
26 %
142
Feb
17
122%
Nov
144%
Jan
21% Jan
2
25
Apr
6
14%
Apr
21%
Nov
10% Jan
13
13% Apr
8
9%
Apr
12%
Jan
30% May
5
10
Jun
18%
Nov
30% Apr
5
18%
Feb
50% Mar
26% May
20% Jan
132
35% Jan
9
49% May
5
100
42% Jan
12
66
Apr
5
34%
Jan
2% Jan
6
6
May
4
1%
Apr
1%
Nov
2% Jan
6
Jan
4
33
21% Jan 26
'
4% Apr
5
40 % Mar 29
Oct
39
3
Aug
3%
59
July
Nov
Apr
35% Mar 15
21%
Dec
31%
39% Apr
1
30
Sep
37
59% Jan
26
49
Mar
60
30
Feb
Dec
31
24
28 % Apr
Jan
17%
Jan
32'A Jan
2
18
57
Jan
9
3
Jan
2
6 % May
4
2%
Sep
4%
Jan
35% Jan
51% May
6
29%
Sep
45%
Jan
37% Mar 12
27%
Jun
38%
Jan
24% Jan
33
Jan
7
6
109
Jan
28
49
Feb
10
113
Feb
17
9
114% Apr
54
Apr
28
28
Feb
49%
Jan
7
5
Jan
4
89% May
110
7 % May
May
29
32% Apr 30
A
%
Jan
%
Sep
Ot
Apr
2%
Oct
5% May
11%
Jan
6
Apr
13%
Jan
29% Dec
39% May
28% Jan
28% Jan
12
46% Jan
37 Vb Jan
2
4
29
1
7
Apr
No par
25
Jan
2
60% Jan
26
7
18
Mar
May
6
20
7
30%
Apr
Apr
47
Dec
44% Mar 31
25%
Apr
40
Nov
22%
Dec
34% 'Jan
42
Apr
62
35
57% May
9 %
May
1
7% Jan
12
4% Jan
2
12% May
5
5% Jan
10% May
*
66
9
Jan
1% Jan
4
58% Feb
Apr
6% Nov
5
Jan
6% Nov
4
23
20
31
26% Jan
4
25
22% Jan
Apr
Apr
55%
128
Jan
Dec
3% May
57/a
Jan
11% May
15%
Jan
Apr
1%
Jan
9% May
16%
Dec
26%
Dec
1
May
10
12%
43
116%
Jan
May
14% Jan
Dec
3%
May
82
-
8% Nov
4
20% May
12% Jan
Jan
7
7% Apr
3% Jan
5%
4%
63% Mar 30
127
Apr
Dec
3% Mar
Apr 30
13% May
5% Jan
48% Jan
29
5
31 % Mar 31
May
122
114
Jan
6% Mar 13
10% Jan
Apr
Jan
113
6
26% Apr
Jan
Dec
40%
Mar
109% Aug
2% Apr
116% May
111
108
2% Mar 13
25
25
25
No par
1
—25
100
Oct
65
12% May
23% Jun
1
Dec
Nov
108
2
100
100
1%
30%
8
7
No par
1
No par
No par
1
No par
No par
2
No par
1
100
No par
No par
Deo
Mar 31
30% May
16% Jan
NOV
Aug
17
26
2
Dec
Nov
7%
1% Feb
4
Jan
9%
66
4
25% May
2
1% Jan
21
Apr
15% Jan
No par
Bun Oil Co
10%
For
Apr
15% Jan
No par
Webster
&
30
*29
Oct
25%
% Jan
7.50
10
5
1
29%
*29
98
Mar
No par
Oil of Calif
12%
130
Mar
May
2
1% Jan
preferred
$6 cum prior preferred
$7 cum prior preferred
Stone
900
112
No par
No par
No par
$4
17,100
61
Feb
A Jan
Sterling Drug Inc
Stewart-Warner
Corp
125
115
No par
Stokely Bros & Co Inc
60
4
Standard Gas & El Co„
10,800
12%
May
111
7
44,800
*124%
1
2
8%
13%
reo
4 Vb Jan
10%
60%
43
100% Jan
8%
125
* 9
par
9%
60
Jan
1
5
No par
100
25
No
Brands
8%
12%
38
No par
$4.50
10%
124%
3%
12%
29
78
preferred
Standard
8%
*124%
19
12
2,800
102 % Apr
—100
preferred
10%
124%
18%
12%
64
74%
*74
5%
44
63%
15
2
tMobile & Ohio stk tr ctfs
43%
65
Jan
No par
Ry
Standard Oil of New Jersey
63%
Dec
96
No par
Southern Pacific Co
Southern
31,200
66
*122%
preferred
57%
28%
12%
Greyhound Lines
Porto Rico Sugar
56%
60Q
Jan
21%
23
South Am Gold & Platinum
Standard Oil of Indiana—
3,900
19%
Apr
6
Standard
89,500
Dec
12%
t c
16,400
9%
x9%
19
3S3 Jan
15
27,900
29%
26
37% Apr
107% Jan
No par
25,700
8%
12 % Mar
12
Dec
35
*29
2
19% Jan
5
30
9%
Jan
10'/a Jan
Jan
39%
29%
110
104
29
4%
34%
44%
Jun
111% Apr
7
Sep
35
39%
9
Jan
18%
28%
29%
44
Apr
39%
44
Apr
29 %
Jun
35
9%
4
2%
30%
29%
May
10%
34%
44%
Sep
41
7%
30 % May
38%
9
10
7
28%
43
Jan
7
34%
*29%
5
Apr
38%
9
8
9
Apr
31%
30
105% Jan
Jan
Mar
7
Jan
2
13
5
38%
43
35
Mar 11
9
7% Jan,
25
30
8%
Sep
Jan
4
41% Mar 17
38%
30
Nov
lVa
5
32%
,
A
Jan
May
4
31
42%
*59 %
4,300
Jan
%
14
22%
8%
9%
42.900
A
1
2% Jan
24
28%
59%
43,700
4.%
23%
1%
1
3% Mar
17% Jan
23%
42%
12%
1%
3%
23%
Jan
1% Mar
2
16
31% Jan
25%
7%
9%
*116
34%
6
No par
38
s
23
2
A Jan
% Jan
4%
24%
7
36% Mar 30
28% Jan
Apr
4% Mar
24
41%
9
58
100
7%
11%
80
97,500
41%
8%
4,900
7%
57%
11%
26%
113
111%
56%
65 %
1,083
116%
57
.
51%
7%
55%
.
90
40,200
*110%
55%
66
6
7%
116%
1%
3
*56
56%
111%
33%
28%
50%
110%
55%
::
5%
35%
55%
7%
18
3%
56%
110%
33%
41%
*122%
3
51%
32%
55
12
:
6
54%
33
11%
51%
56%
33%
54%
66
6
33%
32%
♦28
*56%
1
1
3%
3
3%
3
3%
116%
7
12
%
%
%
3 '/a
35%
*110
*
7-:
51%
111
6%
111
111
*110
114
*116
7
6%
7
6%
35%
36%
35%
117
*115
117
*115
50%
51%
Nov
54%
$5.50
11,800
6
35%
1,000
38%
*55
114%
30,800
4%
32%
57%
35%
28
5%
45
27%
36%
50%
4%
30%
36
35%
5%
*39%
38%
36%
50%
*27
4%
27%
*36
50%
28
5%
45
38%
36
50%
4'A
32%
36
6
5%
*39%
37%
32%
5%
4%
45
320
32%
32%
*55
5%
*61
33
32%
33%
33
32%
32%
61%
Nov
5
California Edison
28%
48%
Dec
13%
Natural Gas Co
27
28%
21%
47%
5
Southern
13%
48%
Feb
7
May
34% May
4
Southern
29%
29%
16
6
49'A Mar 19
Jan
9% May
2,200
30%
48%
29%
47%
Apr
16% Apr
5
11% Jan
16% May
3,600
13%
25
20% Jan
72% May
13%
29%
9% Nov
6% Nov
Apr
7
24%
13%
Apr
Jan
8
13%
30%
Jan
6%
20
23%
28%
9
6%
5% Jan
23%
*13%
Jan
3%
6
13%
23%
Oct
Jan
54
6
13% Apr
28
13%
13%
28%
28
46%
*39%
23%
Jan
5%
27%
4
4
27%
13%
29%
13%
62
23%
23%
23
8% Jan
85%
7
2
27%
8%
Oct
Jan
74
43
'
So
7%
129% Mar
10% May
5
S'eastern
Jan
17% May
9% May
Jan
28% Apr
6,000
Jan
86%
7% Jan
20% Mar 30
2,200
19
100% Mar
9
2
15,000
Dec
Nov
31%
19
13%
140
18
Jan
27
*138%
37
15% Jan
4%
140
34% Feb
Deo
Nov
5%
Apr
x20
19
26%
140
15
(A O) Corp
23%
140
28% Feb
Apr
3% Mar
.IVo par
10
No par
Snider Packing Corp
—No par
Socony Vacuum Oil Co Inc
15
Smith & Cor Type v
25%
*138%
6% May
8
Jan
May
75'A
10% Apr
25% Jan
t$6 preferred
Smith
70
6
92% Mar 31
Jan
5% Jan
126 % Apr
1,500
140
54
11% Apr
7% Jan
78% July
20
118
22
Jun
18
Feb
2
3,600
140
4%
7
Feb
70
6
19%
3%
9% Apr
Jun
Dec
98
Jan
30%
4
6
Sep
70
Jan
19%
3%
x94%
6
77
26
4
13%
8
111
29%
7,100
6
86% Apr
& Iron—100
20
74,100
19'A Apr
100% Mar
4
.10
30%
30
*19%
2
6
80
No par
Skelly Oil Co
tSloss-Sheffield Steel
21%
3%
4%
29
29
112
113
20
26
13%
45
465
20
29%
*27
2,900
112
25%
13%
*39%
42%
109%
20
28
4
42
' Jan
71%
49
64% Jan
Simonds Saw & Steel
108
Mar
73% Jan
5% Jan
Petroleum
Simms
43
x55
No par
—No par
No par
Simmons Co
100
109
Jan
Coalition Mines
300
25%
13%
5%
8,000
Deo
—15
1%
20
28%
4
25
13
Jun
13
Feb
IVb May
i-
2%
No par
No par
Pen Co
25%
19%
13%
5%
*1%
26
3%
23%
23%
62
24%
*25
25%
27%
*61%
*112
1%
25%'
19%
140
140
23%
114
29%
20
42%
109
25%
4%
(W A)
6
38%
5% Jan
Dec
7%
Dec
6
85 Va Jan
Dec
16
3
5
Union Oil
Silver King
22
Dec
19
-No par
1
$5 conv preferred
tSheaffer
Apr
6
Mar
64 J/2 Jan
Nov
10% Mar
10% Apr
14
Sep
3%
70
57 Va May
Corp
Sharpe & Dohme
$3.50 conv pref ser A
Shattuck (Frank G)
Shell
May
23%
Jan
7
6
16% May
20
No par
Steel Corp
25%
25%
25%
s
4
19%
20
*110
42%
110
4%
300
Jan
Jan
11
7
9% May
20
100
Inc
19%
3%
4>/e
4
42%
110
13%
28'/a
13
*!%
*24'A
20%
*20
25
1%
25%
27%
29
20
25%
4%
*1%
29%
29%
28%
19%
*19%
114
*109
•
28%
25'/a
110
4%
24%
'
43%
43
110
114
*109
114
*109
4%
1%/
26
*25%
43%
110
111%
1 %
111%
42%
42
42
110
*
25%
25 %
25%
9%
9%
9%
9
4
May
1%
39
25
79
preferred
Roebuck & Co
69%
5
No par
Seaboard Oil Co of Del
14%
8
Jan
12
No par
100
5
5
100
No par
No par
No par
preferred
preferred
15%
Jan
6
14 Vb Jan
100
$4.50
Sears
May
20
100
tSeaboard Air Line
Seagrave
39
7
29
100
Scott Paper Co
4-2 %
Jun
10
100
preferred
5%%
75
Feb
Nov
1
No par
Savage Arms Corp—
Schenley Distillers Corp
69%
16%
20
5% Apr
8
28%
No par
(The)
preferred
Safeway Stores
5% preferred
15
70%
29% May
14
2
preferred
14%
68%
22
3 Va Jan
66% Jan
4
5%
71
71
22% Jan
15% Nov
Apr
4
tSt Louis Southwestern
6,700
24
23% May
11%
5
26%
4% Jan
Joseph Lead.
Louis-San Francisco
6%
$4
-
%
%
2%
\h
2
101%
111%
111%
111
42%
2%
%
2%
110
110%
35%
111%
iu
.
80
200
11%
42
*108%
6
10
35
102 Va
111
111%
111
6
10
6%
11%
42
*108%
111
*101
42
}St
35%
35%
v
102 V3
42
111
*108%
35%
'101
42
41%
11'A
34%
35%
102%
*101
1U
11
11%
St
6,300
10,800
39%
40%
11%
4,800
%
10
Co
$2.50 conv preferred
1%
10
*6
10
111
10
6%
10
34% Mar 30
Copper Mines
9%
1
20
No par
No par
Dental Mfg
Ritter
16
*6%
26% Jan
10
23%
ii
22% May
23% July
28
69% Jan
tCommon
9%
1 Va
2
No par
15%
35
14% Jan
_
23%
u
Jan
100
& Brass
9%
1 Va
30
.100
preferred.
preferred
100
Reynolds Metals Co
No par
5%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
t7%
16%
35%
6
t5 'A %
23%
Mi
Deo
26% Jan
95% Jan
16
H
Dec
12
No par
23
1
22
Jun
42 Va Jan
ser A_.
9
35
Dec
Jan
7%
preferred
prior pfd
16
U
54%
15%
5
25
Inc
23
%
Jun
4
May
.100
Republic Steel Corp
23%
33
34%
May
14
1
9
&
7
29
7
1
—
15%
*47%
89% May
2
par
Preferred with warrants_.
conv
Dec
7
.100
No
Mfg Co
conv
3%
Jan
in
23
49
*47%
-
& Co 1st pfd_.
Corp
Motors,
Apr
11% Jan
5
tRensselaer & Sara RR Co
Reo
Dec
Dec
2
3
.50
Stores
Remington-Rand
May
Dec
90
50
9%
*8%
21
9
5
59%
Apr
50
15%
15%
54% Jan
par
1
2% Mar
46Va Mar
88
25
23%
*8'A
*23
V
100
No
_
100
(Robt)
15%
*76%
2
Hosiery
Reliance
16
3% Jan
Preferred
20
57%
10
600
5%
15%
78%
16%
29%
5 Vb
5%
*18%
57 %
36
•''29%
"29%
39
*76%
9%
200
36
78
16%
32%
36
57
*35
32%
36
*76 %
%'
.33% r --;
36
9%
9%
*56
28
9,500
900
15%
15
10
22%
;
19%
*18%
9%
21'A
*34%
*9%
27%
29%
36
*34%
9%
8%
29%
76
36%
83%
29%
*73
36
8%
6,040
7 /
4
Mar 16
5
69% May
100% Apr 30
4
1
RadJo-Keith-Orpheum
t6% conv preferred
Raybestos Manhattan
Rayonier Inc
$3 preferred
Reading Company
4% 1st preferred
4% 2d preferred
76
*9
*82
Mai- 16
13,200
*73
9%
9%
Jan
92
.1,100
76
37%
15
59
No par
....
13%
*73
9%
20
89%
19% May
1
.No par
Corp of Amer
$3.50 conv 1st preferred— .No par
Radio
29
76
*37%
14%
*5%
5%
198.200
11
-10
Quaker State Oil Ref Corp.
13%
*28%
•
*73 ""
76
*18%
*5%
5%
87%
8%
76
*72
*72%
•
22
21%
32%
*28%
8 %'■
$ per share
No par
22%
*29%
21%
20%
*32
.
,
1912
Highest
per share
104% Feb
conv
t$5 preferred B..
-
1
7%
:
3,500
*100%
per share
100
(The)—..
preferred—
preferred
Purity Bakeries
6%
R
-69
$
Lowest
100
.—No par
Pure Oil
5%
Year
Highest
S per share
Par
187/a
'
Lowest
EXCHANGE
Shares
100 %
100
Range for Previous
Range Since January 1
STOCK
YORK
NEW
the Week
>108%
19
108%
108
100
May 5
RECORD
STOCKS
SALE PRICES
Wednesday
May 4 ;;::7
,;V
share
per
18%
18 Vb
te 108%
*IOS
Tuesday
Monday
Saturday
••
HIGH
AND
LOW
1717
4% Feb
31% Mar 25
1
10% May
5
2
25% Apr
6
17%
Feb
3% May
20
Sep
4% Aug
25
Jan
•'
■
•.
■
...
'
.
.
'
__
AND
LOW
May 4.
May 8
May I
S
$ per share
*34%
26s,i»
per
-
Thursday
Wednesday
■-May 5.
:
share
$ per
S
share
per
35
35
35;
35%
34%
35V4
34%
28%
27%
28
27 %
27%
27
28
8 %
81/4
7%
7
8%
7%
*7%
43%
4%
*4%
*41/2
11%
7%
7%
7%
43%
6%
7
•
11%
11%
300
44%
49
48%
49%
44%
45
90
5%
5%
40%
401/4
12%
11%
12%
13
10%
Tennessee
5
101/2
26%
27'/a
11%
10%
44%
-44%
44%,
441/2
*6%
7
7%
*83
83
83
>
7 1/8
10.100
Texas Pacific Land
Texas & Pacific Ry
44%
7%
7%
71/2
*38
<•38
41/4,,
4%
*4Va
*U%
♦10%
4-%
•1
*29 %
2%
2%
2%
2%
24 %
2%
*23
24%
32%
99
32%
9%
20%
20%
16
LO
*151/2
16
3%
&
4-V%"
3%
83%
83%
9%
2
Transit Corp.-No
_25
2C%
20%
20%
21%
21%
20%
30 %
30%
31
31%
30%
3%
Sep
Jun
9%
Dec,
17% July
12% Apr
6
27%
Jan
5%
24
32% Apr
hi Mar
Mar
18
1%
Nov
19
Jan
15%
Nov
14% Apr
1
8
* Jun
10%
preferred——No par
94% Jan
4
5
85
Mar
97
Dec
10
28% Jan
2
34% Mar 31
22
May
34%
Jan
40% Jan
20
48% Apr
6
31% May
5
—_Nr
Axle——
Detroit
Cen
20th
$1.50
Twin
16
4
,5
15% Jan
27
22 % May
No par
11% Jan
5
.-1
l%Jan
8
Corp
No
16 %
Apr
4% May
8%
4
43
% Jan
Jan
6%
6
7% May
18%
6
8%
12% Mar
Jan
% Mar
5
2%
Dec
Dec
Nov
Jan
6
1
56 %
Jun
6 % Jan
4
9% May
4
5%
Jun
pur
12% Jan
7
21% May
4
7%
Jan
16
Oct
26%
Nov
69.
87% Apr
71
Nov
7% Aug
Jan
7
31% Apr
5
19%
Jan
4% Jan
5
8% Apr
14
1%
Jan
74 % Mar 23
211/4
Jan
78%
Nov
5 % May
7Va
Nov
25
.—.No par
City Rapid Trail—No par
preferred
,
,
100
.
Jan
5
G% Jan
1
Jan
18
67
72%
71%
120
1%
9%
9%
7,000
Twin
3,100
Under
Elliott Fisher Co
par
42
10'/a
14,500
Union
Jan
11% Feb
26
10,200
Union
Bag & Paper
No par
Carbide & Carb——No par
8
84%
79
Jan
85% Apr
6
58
30
Union
El Co of Mo $5 pfd—No par
113
Apr
29
108
6
Apr
May
Coach Co
Feb
par
No par
—No
Film
Mar
100
6% Jan
,2
Corp.
preferred—
3
2
.
10% Mav
West Air Inc
Fox
1 % Jan
par
pur
—10
i
$6 preferred-*
7,600
7%
8
7%
Feb
2% July
7
9%
9%
9%
9%
34%
72V4
73
*71 »/4
73
9%
7%
7%
7%
7%
Jan
Jan
30
25% Apr
22.400
*71%
Dec
4%
4
Truax-Traer
120,200
30%
52%
Apr
12
103
7,500
19%
Mar
Jan
3%
Jan
Co———No
Associated Oil
Tri-Continental Corp..
30%
Jan
Jun'
3
2% May
4
26% Feb
Transue & Williams St'L:
800
•48,100
;
4% May
Oct
9'/4
42
Nov
41
5
May
5
8Va Jan
No par
-
Transcont'l &
9
3
par
(J R»—
16,100
9%
27
Jan
—10
Transamerica Corp——*
83%
83 3 4
9%
9
9%
8%
4
3%
83%
84
*821/2
7 % Apr
83
24%
/Sep
9% Jan
Tlmken
2,000
4%
12
42% Mar 24
t$4.50 conv
;8,300
15%
5
34%
Apr
5
24.300
4
46
1
4
33 % Jan
21%
16%
*15%
16
"5
30
7% Mar 26
9%
£0%
20%
20%
11% May
7
Avenue
Water
Tide
620
48
47%
47%
12
6
$3.50 cum preferred
X
11,700
32%
32'%
10
9%
10
9%
c%
v
7
6% Jan
4%
Timken Roller Bearing——a-No par
800
99
32%
*47
46
xl3%
*98'/4
14%
99
13%
*98%
17 % Jan
Jan
Thompson-Starrett
2.600
i
14%
Apr
7%' Jan
Dec
Jan
Thompson ProdS' Inc
25
25
Dec
8%
par
'
14
Oct
8%
4
2,800
<
37%
May
52
Third
Thompson
31
31
3%
Apr
5
35
7.700
;
/
Apr
6
May
,
100
$3 div conv preferred—*
,
11%
*11
vife
10
4%
•/>/.;4%
11 %
31
11.800
,
.
39
29
2
28
10% Apr
28% Apr
8
Nov
6
7
2% Jan
Dec
6
May
7% Jan
1
Apr
Jan
26
13
——
Oct
,9%
42 %
Apr
5
CoL*——
Nov
Nov
5% Apr
8% Jan
-
5%
7% May
———_No par
100
Preferred
Thermoid
3% Jan * 2-
Jan
4
30'
preferred—_No par
conv
The Fair—
10
!
7%
7'A
7%
39%
+$3.60
200
7
84
x80
'
39%
410
<
.
2
50
-10
——Nr.
Mfe Co—
35
12% Mar 29
41
Co—.
3.400
Apr
16
8
41% Jan
Apr
1% Mar
3
5% Mar
9
8% Jan
13
Trust
•7.800
Thatcher
Apr
1
,
1
i
10%
Jan
3
4
32
Mar 30
8
45
2
36% Jan
& OIL
Pacific Coal
Texas
10%
*6%
r
25
Jan
No par
44%
84%
5% Jan
.
35
Jo par
27%
'»
r
Jan
25
Produc'g Co
13.300
.
Dec
5'/4
Sulphur*..—-
10%
10
10%
10%
Texas Gulf
Texas Gulf
25%
28 Va
11%
12%
10%
27%
.
401/4
12
.
10.200
4,600
5'%
Nov
25%
3% Aug
(The) J—1.——,
Texas Co
16,000
50
.
29%
15% Aug
5
—o
Telautograph
40%
19'A Mar
3
3% May
Corp
1,200
3,600
51/4
22
28% May
Corp—_
4%
11%
49%
41
35% Apr
2
partic preferred
4%
49%
5%
40%
8
8
(James)
11%
4% "
11%
Jan
4% Jan
Corp
9
50
5
Talcott Inc
5%%
Highest
T
.
*44
*
$ per share
share
per
22% Feb
29
Symington-Gould
7%
*7
1912
1
Sylvania Elcc Prod's Inc
50,200
V
,
Previous
No par
Swift International Ltd
32,800
8'/,
7%
Year
Lowest
$ per share
$ per share
Par
2,100
34%
27%
,
Shares
$ per share
share
Range Since January 1
Lowest
'Highest
STOCK
V EXCHANGE
% NEW YORK
Sales for
the Week
Friday
May 7
)
May 0
/•»
71/4
7
,r.;
28%
26'/2
Range for
I
STOCKS
PRICES
SALE
35 %
'35
35%
26%
$
share
per
HIGH
Tuesday
Monday
Saturday
v
'Monday, May 10, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1718
1
9% Apr
19
Nov
U
10%
10%
10%
10%
10
84'A
84
84'/a
84%
84%
84
48
48%
49'/a
10%
10%
10%
10%
10%
117
117
116
116
113
113% •113%
118
113
113%
114
113%
113'/a
19
18%
19V4
19%
91%
91%
91%
921/4
v
19%
19%
19%
19%
19%
92%
91
92%
6,300
88%
88%
89
89
881/2
88%
27 V.
27%
27%
27%
27%
88%
89 Va
27%
*27%
27%
"36%
37%
37%
38%
38%
39%
38%
110 V*
110 V2
'H
38%
38%
106'/a
1071/4
1071/4
IO8V2
24'/4
24%
24%
24%
251/2
26'%
25%
19V4
19 »/4
19
19 Va
19'A
19'A
1
1 %
12Va
*113
63
*63
22 V2
22'%
*22%
24
12%
12%
27
12%
12%
6
*5%
6
50%
50%
50%
50%
8 1/4
8%
8%
8%
*33
62%
.
;.
8%
/;
63 '/a
62%
63%
63 V4
63
8%
8%
8%
8%
%•,:./ 8%
8%
109%
109%
*109%
109%
109 5 a
109%
51/4
5%
5%
11%
11%
12%
12V4
13%
92%
,92 Va
92%
92%
92%
*
37%
V
18
*34%
7%
34%
.
35%
15%
15V4
41%
*40 %
38'/4
38%
38%
7'/4
7'/a
40
40%
41
2'/a
2%
2%
2Va
2 %
2'/4
40%
40%
41%
120 V.
120%
*
40
401/2
39%
120
59
59 %
70
59
*69%
*69%
2 V.
►
41
121
120
61
70 /
70
70
56
57%
56%
57%
118
119 %
119 '/8
1191/4
25%
25%
44%
44%
*42
*42
56%
119
26
25%
441%
*43
/
36
6OV2
60
69%
70
571/4
561/4
56%
55%
118%
II91/4
118%
25%
25 Ta
25%
25%
44%
441/2
2%
2%
3
3
2 V2
2V4
2%
2 V.
2%
*17%
18%
67
6 81/4
68
*155
158
18%
68 Va
68
160
•
*170
174
*170
173
*170
68'A
158
158
*69
18%
68%
160
*159
174
'
*168
69
69
18%
18%
18 Va
68%
6 8 Va
160
171
171
*68 Va
68%
160
72
United
169%
$6
500
1
70
90
171
50
1
conv
8,500
No
Leaf Tob
Pictures
No
-
56
par
par
_100
100
-
6
%Jan.
...1
1st pfd
7
8
8
4
Jan
Jan
Jan
Jan
l%Jan
—1
preferred
preferred—***
Universal
47%
112
21%
42%
par
—5
*4
Universal-Cyclops Steel Corp
y
8
4
13
64% Jan
23
*
Stockyards Corp...
Universal
350
.
preferred
Jan
Jan
101
100
—_No
5
'■> 46
No par
.
——
Co—
United Stores class A
300
.
18%
160
*155
171
7 %
,
18,700
18%
Corp—
6
Jan 16
Jan 13
Jan 13
Jan 15
Jan
2
25% Jan
—50
,_.l
.
U 8 Tobacco
9,900
2%
*68 V\
72
160
3%
2 V4
■
U S Steel
160
44'/2
100
,—50
.
85%
Nov
Jun
81%
Feb
Jan
104%
Jan
20%
Dec
15
7% Apr
9% Mar
113
Apr
26
104% Mar
65
Apr
12
37
May
6
16
Jan
11
30
.July
28% May
19% Apr
23% May
2
29
7
May
4
12% May
4%
3
6
17
5
13
Jan
14% Jan 23
59% Jan 15
150
Jan 12
167% Jan 20
Oct
Oct
58%
Dec
20
Feb
7
Jan
7
May
.
Feb
113
is
18
Oct
Dec
8%
Dec
3%
Apr
Nov
3
*1% Apr
33'% Aug
3% Mar
35
Apr
8
25%
Jun
35
Feb
69
Jan
22
48%
Jun
72%
Jan
3%
Jun
5%
Dec
Va Mar
106'/a
Jan
Mar 25
53
8% May
8% May
110
Apr
4
26
93
50•
Jan
61/4
Sep
5
11%
Apr
5% Apr
6
2%
Sep
4 Va
Feb
13'/4 May
4
2%
Apr
5%
Dec
5
77%
Apr
May
May
71V4 Mar 30
17
Mar 26
Jan
64
Dec
May
174%
Dec
4%
Apr
6%
Jap
34%
Jan
41,
9% Mar 25
43
Feb
11%
40'% May
159
Oct
87
6% May
16% Mar 12
181% Apr
16%
,
13% Jan
108
29%
29%
32 •
}J
10
_
1st preferred-
> Preferred
1,300
par
No par
Co—
Preferred
3,600
3
3'/4
2%
44%
8%
49,200
/
.
Rubber
S
U S Smelting Ref & Min
500
1191/4
*25%
—
fU S Realty & Impt
3,500
v
57%
119V4
2%
72
Plywood Corp-.—
70
2%
18%
U S
.3,100
62
69%
4 41/2
Playing Card Co
U
par
—100
20
—10
——1
.
3,000
42
-
cl A—...No var
preferred—
U S
119%
119%
conv
No
600
26,900
41%
tPrior
■
Co
8
29
19
17
12
Jan
4
Jan
8
9% Jan
Jan
Jan
Jan
Jan
59
173
5%
40
30
4
50
Alcohol——No
U S Pipe & Foundry
2,900
39%
61
2%
*70 Va
200
,
S Leather
Partic &
10,500
7 60,900
120'/a
2 Va
18%
18% V
U
3 Va
411/4
2%
70 Va
2,700
:
U S Industrial
42 V4
119V2
2%
70 Va
■
preferred
conv
2,400
2%
2%
*18'/4
7
4IV4
3
2>/a
71
7
39%
41%
*2%
*69
;
38%
38'/4
7'A
5% %
42%;?.;
*40'/4
42%
39
U S
2,600
8%
—.j..No par
20
100
Hoffman Mach Corp__l
_5
Dec
Jan
74%
Apr
93
preferred——
16%
63%
1
4
89
4
6
2
Freight Co——
7%
May
25
7
3% Jan
4% Jan
84% Jan
U 8 Gypsum Co—
40
Jan
111% Mav
10
—No par
2.000
:
108
y36%
27
No par
Dec
Nov
Jun
6
1st preferred——
$6
Jan
113%
100% Mar
10
Dec
9%
83
21% Aug
2
4
•
46
23%
16% Jan
Paperboard
Sep
4
5% Jan
103
Jan
t c
v
Jan
7%
39% May
_1
-
U S
•
40 V.
70
56%
*42
4
26% Jan 12
60% Mar 9
par
5
28%
28% Mar 30
Improv't—h.No par
No par
4,400
15V4
69
8%
8 1/2
40
2%
61
70 V
15
36%
*401/2
4
120%
61%
118 Va
24%
,
2%
61
55%
25V2
•
42
61
118%
*24%
No
4'
5 % Jan
5
U S & Foreign Secur_
470
1097a
40
38
93
United
1,900
35%
35%
39%
•
5
Cos
United Mer & Manu Inc
16,000
17%
35%
38
39%
Coal
$5 preferred—
r
15,700
5%
*1091/4
35V4
37'%
119%
1,000
v
12%
18%
35 %
35%
18%.
39
38%
Gas
109 %
109%
38%
118
United
17%
17%
*109V4
37V2
J
88,100
-
■.>/■
109 V4
18%
38%
37
Fruit Co——
*180
8%
8%
38%
*36%
United
69
68 »/2
*180
*40 V4
7
■
15'A
68
69V2
180
109 V4
109
■
8%
71/4
17%
18%
109%
*109
35
8,800
27
51/4
93
42%
38
7%
6%
V 17%
V
109%
Eng & Fdy_—
12
5%
38%
*40 %
38
15%
.
12%
92%
93
69
8%
8%
43
37%
7
7
18
*109
Electric
7
38% Jan
1
Feb
4
6% Apr
4
2% Jan
100
—
United
93
5 Va
12%
180
184
*180
8%
*40'%
37%
——.
7% Jan
_10
*
Dyewood Corp—
United
109%
26%
par
No par
100
r
par
No par
No
Corporation——
7,200
8%
81/2
109%
'
26%
12%
5%
121/4
93
69%
69Va
69 Va
179%
8%'
43
40 %
261/4
5%
-V
15%
15 Va
15%
15V4
68%
8%
27
Fast Corp__;
Preferred
par
"
1791/2
68 %
8%
26%
26
261/4
26
——No
preferred
United
80
24 % Jan
8
25% Jan
6
93% Jan
4
17% Jan 20
16
Jan
8
10.9% Jan
2
55%. Jan 16
18% Jan
7
hi Jan
2
17% Jan
5
100
■«..
Co
United Drug Co
400
-:f£v
65%
63%
8%
5 1/4
15%
6
79% Jan
5
No
8 Va
*31
64
109%
5%
184
94
89% May
5
*
33%
7%
8 Va
$3
27,500
.
V
5%
50
50
Carbon
United
27.100
12,■•
5%
*
33%
8
600
r
United-Carr
361,700
2
28'A
11%
■
6
8
241/4
14%
50%
12%
50%
*32
109%
68
12 1/4
*5%
*50
8%
;/•■■ 1 24%
*179%
5%
33%
8%
11
12%
33%
109%
*91%
12Va
*50
8%
8%
5%
24%
1%
27V2
;
.
United
19% May
8
2
100
Co—
preferred—
400
May
15% Jan
—No par
Transport
Biscuit
United
—
62
1%
28%
33%
109%
24
114
2
80% Jan
100
;
preferred-.
Un Air Lines
1,100
xll8
25
Aircraft Corp—
conv
57#
*23%
231%
1%
28%
5%
.
/%
50%
50%
231/2
1%
28%
5%
33,300
:
*60
64V2
*33%
62%
62
6
*113
__
*62*
8%
34
*32'/2
33%
62
12%
*5%
•
I91/2
1%
29
Va
27%
28%
19%
28%
1%
1 Va
1V4
,
27
19%
preferred-.-
4%
United
3,700
27%
*113
64V2
271/4
27%
*5V2
118
63
25
*22 '/a
23
1
*113
63
62%
/
115 T":
118
*113
27%
105% Jan
par
Mar
51
2
13
Jun
5
TOO
Union Tank Car
23,500
19 V2
26%
19%
!•••:,
600
.
38%
111
111'A
*18%
.
111%
371/4
39
111%
26
111
108%
23
No
Pacific RR Co
Union
1,700
27%
;*88
*27'/4
89'/a
27%
63
series
$4.50
Union Oil of California—
11,700
92'/4
89%
*62
Preferred
510
No
•
'
117
1131/2
113
92V4
89
*113
118
91%
*27
:
":
19V2
19%
91%
19
91
~
*115'/2
"117
118
*117
113%
113'/a
'»•;
831/4
83V4
82%
82%
118
50
10%
47
821/4
48
49%
49%
47
*117
49'/4
49 Va
47
Sep
Jan
39% Apr
8
24%
Apr
34%
7% Apr
26
2%
Apr
19% Apr
8
7
4% July
14% Oct
Mar 25
99
110
•
Jan
Jan
114
Jun
36% Apr
8
22...
May
29%
Dec
40
May
5
26% May
30'A
42
May
7
20
32%
Aug
Dec
3% May
,7
% Aug
1
Mar
42'A May
7
13% May
121
Apr
22
62
May
70
Mar 10
7
Apr
54
27%
Dec
Mar
103%
Dec
37 % Apr
58
Apr
511/4
Jan
71
Jan
6
44 %
May
55%
Jan
3
107V4
Jun
119%
Jan
5
15%
Apr
Mar
4
3% May
59
Apr
119% May
29
Apr
46
2% May
72 % Apr
24
Jan
39% Mar
46%
Jan
7
% May
1%
4
% Apr
34% May
1
Oct
60 %
Dec
12
July
15%
Nov
41
May
5
20% Mar 30
69% Mar 29
61
Oct
Oct
4
142
Apr
152%
Dec
Feb
10
147
Apr
169
Dec
Feb
160
27
Feb
25
May
.
176
# v
U
%
%
%
*45%
46 %
*45 »/4
46 '-a
21%
22%
u
u
47
*45
/
21%
22%
11%
11%
11 %
11 %
32%
32%
32%
*32
117V2
*116
117%
*116
22 %
12
*32
*116%
23
12 V4
33
117%
U
45%
22
117'a
32
*116%
U
It
u
45%
46%
461/4
46%
22%
22%
12'4
xf"
117 a
32
32%
117%
*116%
41%
22 %
21%
12
llVa
*31%
32
117%
*116%
41'/4
41%
Van Norman Mkch Tool
-'/
*40%
42
41
41
64
*60
63%
62
62
*62
64
62
62
*62
64
75
*60
75
*63
78
*64
67%
67%
*55
24
24
241/2
*24
25
251/4
*23%
24%
4%
4%
4%
47a
56
55%
119
*118 Va
119
56
*118%
35
*31
*33
37%
32
38
32
;
*141
*102
4%
56 '4
119
4-78
56
*118%
33 %
33%
*31
38
38
32
108%
*102
*118%
35 %
32
*37%
4%
56
56
38
*36%
32
31%
*31%
5
5%
57
58
119
*1.18 %
'5% '•
119
*118%
30
32%
*36%
38
37%
32
31%
5%
57%
57
32%
33%
25%
32
*36
-
31%
25%
5%
'
;
1.300
.
V
/.-/'■/•'
—
6%
r
31%
200
Vulcan
70
106%
106%
106%
*102
108%
*102
108%
150
141
141
*142
145
*142
145
20
33
5,400
/' /
.
El &,
Pow
$6
pref
5%
Apr
7
,
Sep
34%
Dec
Jun
207/a
Jan
%
25
Jun
7%
19
11
Mar
Dec
Apr
5
Jan
21
Jan
4
30
May
May
4
50
July
55
Jan
May
6
15
55
Sep
18% May
60
Nov
25 Va
Jan
41
Jan
7
Jan
22
57
Feb
15
24
Jan
7
,
Feb
4
Jan
May
7
15
Jan
Mar 23
5
2'% Jan
39
1
Apr
7
14
Apr
29
112%
I
Jan
116% July
42
.:•■
Jan
27/8
Jan
40%
Oct
110% May
117%
Dec
21%
Nov
31%
Jan
25
27
9
24
Apr
25
100
29% Jan
2
Mar
19
26
May
80
Jan
8
Apr
8
70
Jun
100
133
Jan
26
Mar 25
120
Mar
36% Mar 29
20% Jan
Apr
14
Jan
Dec
22%
V
116
—•
Va Mar
26
11
Mar 15
51
par
%
Jan
14%
6
Feb
Jan
22
No par
pfd
100
Detinning Co
Preferred
8% Jan
251% Jan
115
5
100
Virginian Ry Co
6% preferred—
1,200
*102
No
!
4
—5
div partic preferred
Iron Coal & Coke
13% Jan
7
100
Chemical Works
Va
Jan-
31
100
—
*
——
Va
_
50
37%
100
Va-Carolina Chem
6,900
30
preferred
Victor
26,800
*141
106 %
*141
5%
100
'
5
preferred-*—
Vicks Shreve & Pac Ry
40
,
59
119
1st
Vick Chemical Co—
4C0
75
24
67'%
25%
41%
2.50
Van Raalte Co Inc—
800
7 %
41%
42%
*55
No par
5
% Jan
par
_100
3,900
12
32
No
>-
*
—
Vanadium Corp of Am
117 %
*41
*41
Preferred
7,300
227 a
*55
Sales—
Vadsco
30
46 %
14
Jan
-
29%
Oct
Oct
96Va Mar
138
Jan
W
32%
32%
9%
9%
9%
32%
9%
27%
27%
27
103%
103%
*103
27%
*103
32%
For
footnotes see
page
http://fraser.stlouisfed.org/
k
Federal Reserve Bank of St. Louis
33 Va
9%
27
103%
32 34
9%
32 %
33%
9%
9%
2 7 Va
27%
*103 Va
103%
■
27%
*103
33%
9%
271%
103%
32%
9%
267/a
*101
9%
27%
103 %
2,700
.
2,800
——
-■
Wabash
;
System
ion
RR preferred
Waldorf
*
Walgreen
4%%
Co
preferred with warr
No
No
24% Jan
4
par
71/2 Jan
5
par
100
20% Jan
2
Feb
10
103
.
9% May
28
Apr
3
26
104% Mar 11
21% July
97%
,
30%
Jan
7%
Nov
Apr
20Va
Nov
Jun
102%
Oct
6% Mar
16
1719.
.——
■■■■■■
THE COMMERCIAL
"Number 4175
Volume5157
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Monday
Tuesday
May 3
May 4
STOCKS
May 5
$ per share
$
$ per share
per share
i
Thursday %
May 6
Wednesday
May 1
\
RECORD
SALE PRICES
HIGH
AND
1719
$ per share
$
for
$ per share
YORK
NEW
•%'
-
.
STOCK
Range for Previous
Range Since January 1
EXCHANGE
the Week
May 7
share
per
Sales
Friday
Lowest
Par
Year
Highest
$ per share
$ per share
—No par
4% Jan
2
No par
38% Jan
15% Jan
12
9% May
6
50% Apr 30
18% Apr 27
4% Jan
5
% Jan
4
Jan
20
7% Jan
7
Shares
1942
Lowest
Highest
$ per share
$ per share
*
1%
8%
50%
50 %
18%
18%
18%
8 %
50%
50
50%
18%
17%
18
8%
50%
7%
18 %
8»A
50%
8%
50
*18
8
49%
49%
•18
*18
9% "
8%
Walworth Co_.
8%
9%
37,400
50%
50%
2,400
18%
18%
900
12%
11%
12%
3,900
2%
2%
2%
5,700
45%
46%
2,400
13%
13%
74,600
Warner
220
$3.85
.
.
Walk
(H) Good & W Ltd
Div redeem
preferred———No par
4
'
11%
2
2
,;,43
11%
11%
11%
2%
2
'
44%
44%
12%
2
2%
13%
13%
13%
14
13%
81
80%
80%
80
80
27%
28
28
20
20
27
27%
•15
28%
27%
28%
28'A
20%
*19%
82
„
28%
28'A
28 «A
$7
20%
*19%
20%
16
16
16%
*16
23%
23%
23%
6%
6%
6 %
6%
6%
22%
23%
23%
23%
23%
23%
1,900
*73%
74%
*73%
74%
74%
74%
\ 100
15'A
13,800
West
Indies
10
West
Penn El
14%
14%
75
76
76'
86%
87
86%
87
*75%
77
14%
113%
*68
114%
24%
24%
24%
92%
15%
75
75
115
115
*115
15%
25
24%
24%
5%
5%
22%
22
22%
22
22%
16,000
91%
94'A
7,000
34%
900
22%
22%
22'A
21%
6%
7 '/a
7
7%
5
5Va
4%
5
84%
*24%
7
6%
7%
5,900
White
4%
5
4,500
73
74
70
25
11%
1.1%
11%
12%
13%
7%
7%
7%
7%
714
.7%
76
*
11%
35%
36
*130
125
*116
125
53%
53%
54%
54%
*104%
108
*104%
13
12%
13
12%
8
7%
76%
11%
22
22
37 Va
24
23%
24 Va
19,000
77%
2,300
11%
1,600
23%
21%
37%
36%
24Va
37%
9,100
15,900
137
*130
137
*130
*117
123
120
121
121
121
108
67
67
67
27%
28
27%
27%
*53%
53%
53%
53%
56
*54
55Va
55%
55%
*98
105
*98
-
68
*66
67
53%
*54
104 Va
104 %
*53%
67%
67%
27%
27(4
27%
105
*67
*98
—
63."
-
300
105
67%
20
I 400
67 Va
102
11% Jan
16
19
Jan
2
25
10% Not
Apr'
May
Mar 29
10%
97
Sep
113%
3ep
Apr
5
Mar 25
2
Feb
Dec
3%
Jan
8%
Apr
4% May
Jan
30
Oct
19%
Feb
Feb
81
2
95
Apr
83
Jan
5
134
May
5
109
Aug
127
Jan
12
34% May
6
23
Apr
32%
4
29'A May
5
22
Mar
31 Va
Jan
26% Mar
Mar 13
85
Jan
18
Jan
100% Jun
Apr
6
91
Apr
7
80
Apr
93
Jan
23% Apr
5
17%
Dec
67 Va Apr
8
58 '/a
27%
Feb
Dec
69%
Jan
12% July
15 %
Deo
12
Jun
15%
Jan
3
Mar
5 %
Nov
Apr
3 Va
Jan
2
21% Mar 30
3% Jan
2% Jan
5
7% Apr 30
8
5% Apr
1%
40
Jan
Oct
50
5
13% Jan
1
Jan
108%
2
Apr
Jan
Dec
42'A
19
Deo
Dee
July
60
9
58% Jan
15
63%
109% Mar 31
106% Jan 15
52
Mar 30
14
16
30
40
53
Jan
25% Apr 30
15
15%
Apr
22%
Jan
86
x20% Jan 19
Apr 30
May
5
2% Jan
2
4% May
5
lVa
Apr
2%
_1
2'A Jan
2
8 % May
3
Oct
8
Jan
4'A Jan
6
13% May-
4
1% Aug
4% Apr
2%
,—10
.
8%
Dec
8
3%
6%
Jan
Jan
No
preferred
Co
Jan
20
31
No par
'
par
2
57% Jan
8
pfd
77% May
9
Jan
Jan
8
17% Jan
9
30 % Jan
2
'
16% Jan 20
46
Jan
Sep
73%
8
107%
Jun
110%
16%
Dec
Jan
38
Mar 31
24% May 7
Apr
5
125
Mar 17
53% May 7
55% May 7
108
Apr 20
70
Mar 23
140
109
Feb 24
44% Jan
9
9
Jan 15
58% Jan
4
A
61
7
88
Dec
6
115
112 Va Feb 15
.
Sep
:
23% Mar 26
27
115
10
Apr
11% Apr
4
10
100
—
Pow 6%
Jan
18
104%
12% May
3
Jan
120
10
No par
preferred A
100
6% preferred B
>.
»
100
Prior pfd 4VaV« series
100
Prior pfd 4 %% Conv series—-100
Wright Aeronautical
;
No par
Wrigley (Wm) Jr (Del)——No par
500
!■
115% Mar 30
Worthington P & M (Del)
~30
55 %
8
:
7%
53%
Jan
Woolworth (P W) Co
137
124
109
Woodward Iron Co
700
24%
23'A
*130
53%
•
$6
Wilson-Jones
Wisconsin El
21%
Jan
Jan
Wilson & Co Inc
27,900
*115
22
37%
36%
36%
11%
93
-20
13
11%
77
11%
36
—No par
Willys-Overland Motors
6% conv preferred
7%
19
108
preferred
87,200
77%
76%
*115
22
Prior
7%
Mar
—
t$4 conv preferred-
400
8
137
*54
55
55
7%
80
No par
Spr Co
Wilcox Oil & Gas Co—
*117
.
53%
*52%
8
7%
Min
Rock
4,200
*130
137
*116
7%
11
21%
23%
24
137
8
•116
36
36%
22%
22%
*130
4%
76
11%
21%
22
4%
7%
116
21
4%
2
——1
560
4 %
Jan
5
White Motor Co
11,000
i
12%
76%
11%
76%
•116
22
.
710
25
7%
13
6,200
77
25%
Jan
57
5
White Sewing Mach Corp
2514
104
No par
5
77
Apr
7% Aug
50
6%
25%
91
41%
_50
4%
19%
20%
Apr
17
19
12.50
7
65
20%
21
22%
18 %
34
Mar
15% Apr
Jan
;
4%
21%
Mar 10
91
$4.50 preferred
No par
Wheeling & L Erie Ry Co
100
5%% conv preferred
—100
Wheeling Steel Corp—
No par
$5 conv prior pref
No par
White Dental Mfg (The S 3}
20
110
65
•
19%
78
4
103
Instrument
4%
8%
10%
Elec
6%
65
4
4
100
Westvaco Chlor Prod
1,100
108'A
preferred
4%
7%
76
1st
Weston
7%
8'A
11'/»
*107%
22%
*1.8 %
4%
76
108%
8% Jan
Westinghouse El & Mfg
4%
7 %
Jan
Nor
13% May
7
7%
20'A
x71%
4
21%
4%
May
4
20%
4%
15
59'/a May
1.5% Jan
21%
4'A
*116
28
x27%
64%
4.14
July
23%
20
34 %
29
22
4
3
5
19%
4
Jan
5
65
75
1%
v
6% Apr
22
*25
Nov
11% Apr
36% Apr
22% May
18 %
77
18
7
65
25
Oct
Jan
2
21%
77
14
11%
1
2
70
25
Feb
Jun
Jan
2% Jan
90
25
77
2512
19
13%
12
5% Jan
90
80%
83%
*24>2
Jan
26% Jan
90
•
39%
100
*89%
20%
Oct
Oct
Telegraph——100
Westinghouse Air Brake
No par
90
'
Dec
67% Jan
Union
90
*
Nov
%
50% Jan
—10
Auto
90
19
75% Mar 19
100
1ft
22%
4
Jan 21
69.
;
No par
59
65%
17% Jan
6% Apr 19
25% Mar 29
__
*56
22%
8
80%
100
Pulp & Pap Co
preferred
59
21
20%
20 %
*107%
9,700
3,300
*133
34%
28%
108 %
'
5%
6%
*56
65
8
pfd
59
*18%
2% Jan
wl
90
19
24% Apr?
:100
*56
65%
5
No par'
A
59
22 %
64%
94 %
34%
29 %
107%
29 Va
Apr
100
class
*56
90 %
*18
29
108
'107%
'
56
*89
19%
*29
108%.
56
34
5%
133
133
134
34
29%
33%
94
94%
134
33%
137
*132%
5
93%
94%
94
94%
17% Jan
Sugar Corp
Western
15,800
22%
Feb
May
•
/
20
Apr
6
16% Mar 29
—No par
Supply Co
Western Maryland—'
4% 2d preferred—
34%
5%
preferred-
Western
,5,400
11%-
66%
35%
24%
10%
21%
( 22%
24
+
33%
35%
Nov
24%
4
preferredpreferred
West Va
11%
34%
108'A
90%
*21
70
34%
59
"11
2,000
11%
34%
Nov
1
x65
21
u.-wl
tWest Penn Pr Co 4%rP
230
;
34%
33%
108%
•'75
6%
16
107
24%
24
-
120
107
15'A
107
7%
11%
5%
Oct
6
4%
4
4
par
510
i
34%
29%
7
16
73
10%
34%
29
*3%
117
107
107%
14%
*72
5%
28%
20
76%
15
10%
33
21
76%
107%
32% Apr
par
$4 conv
5%
137
*18 Va
86%
16
16
16
24%
33
*64%
86
107
1
Nov
16%
Jun
16
6
15% Jan
12% Jan
Wesson Oil & Snowdrift—___No
10%
93%
*86
72
86%
115
114%
115
*114 'A
27
41'A
% May
Mar 26
5
Eisenlohr—-——No
Webster
16,200
47% May
14% May
84
May
2%
12% May
4
2% Mar 29
79% Mar 12
5% Nov
Apr
Apr
13% Mar
"
76%
25
*132
*56
6%
86%
76
107
33 %
•107
6
5%
94
28%
6%
72
77%
.
22%
135
*32
6 Va
10%
22
•132
Wayne Pump Co
5%
?
34 %
21%
23%
300
*10%
5%
10%
33%
Waukesha Motor Co..
1.500:
14%
86%
'
5%
•10%
1.100
75
87
*76
108
16%
23
15
75
87
15%
*107
20%
16%
23%
87 V«
14%
*71
*71
-
114%
15%
107
15
14%
.
75
114%
15%
15%
107
15
74%
*73%
74%
*68 Va
23
22%
23
22%
*73
74%
*19%
16%
23%
i
26
5
Fdy & Pipe—
No par
Washington Gas Lt Co——No par
15%
22%
50
No par
Warren
4,700
23%
6%
par
Pictures
Bros
preferred—
15%
*19%
—No
preferred—
23 %
*72%
,
.
*80
No par
B—
15%
6%
*22
v
82
Class
23%
6 Va
.
47%
13%
•80
Baking Co cl A
15%
20
'
23
t
47
13%
14.
82
*80
Ward
23
'•19%
:
'■
2%
46
13%
14%
81
12
2'A
46
47
46%
46%
12
11%
2%
11%
'
3%
31%
.
21% May
14% Jun
Oct
24
Jan
31
Dec
21%
Jan
117
Nov
125
July
106
Nov
117
Mar
54
Jan
57 %
Jan
42%
oun
44
Jun
80
Jun
104
Jan
39
Apr
62
Jan
il.
16%
16
16%
16%
27JA
,
16'A
16
16%
27%
16%
27%
16 »/2
27%
16%
28%
16%
15%
3,100
18.300
124 Va
124%
125%
*123'A
127
12%
12%
13
12%
13%
13
13V4
12%
13
36%
371/4
36 %
37%
36%
37
36%
36%
35%
36%
88%
89
89
89%
90
92
91
92
91
91%
880
12%
13%
13%
14
13%
13%
13
14%
14%
14%
21,900
29%
29%
30%
30'A
30%
4
4'%
30
4
30%
3%
30%
4%
30
3%
35%
88%
88%
13
13
29%
3%
12%
12%
36%
12%
•Bid and asked
reduced from
100 to
*124
128
128
129
*127
4
4
127%
prices; no sales on this day.
'
125V2
t In receivership,
a
29%
'
4%
n
New 'Stock,
r
Stocks,
Railroad
Number of
Week Ended May 7, 1943
and Miscel.
14%
6
111V2
Jan
121 >/«
4
13% May
5
5
6
39% Apr
6
28%
Apr
Jun
30
82
Jan
4
92
May
5
78
Jan
9
% Jan
2
14% May
6
7
May
par
19% Jan 12
2
Jan 2
No par
1
x
Jan
131% Apr
Ex-dividends,
y
Ex-rights.
30% May
4% May
Monday
Bond
Bonds
Sales
r
5 Called for redemption,
.
Bonds
$7,182,400
$149,000
$21,950
$7,353,350
16,562,900
348.000
12,500
16,923,400
,
-
Week Ended May 7,1943
Saturday
2,470.175
1
Monday
2.078,020
13,000
25,076,200
Tuesday
1,027,000
23,500
25,809,100
Wednesday
4,000
22,848,000
1,062,000
12,696,045
1,192.000
20,150
25,880,150
$119,057,100
$4,738,000
$95,100
$123,890,200
-
'
—
—
—
-
-
—
-
—;
Thursday
21,782,000
24,668.000
;
—
960,000
24.758.600
J-
--
of
Shares)
-■
-
24.103,200
-.
Total
184,900
564,185
690,480
*698,195
1
-
738.270
Domestic
May 7
20
Deo
2% Jan
t Unit of trading
$456,000
951,000
809,000
1,091,000
1,462.000
$10,000
2,000
48,000
213,000
288,000
1943
;
Stocks—No.
5,000
—
863,000
1,309,000
1,750,000
334.000
7.0C0
1,490,000
$18,000
$6,831,000
1942
$4,064,050
Domestic
' 50,903,500
53,337,500
1,497,596,200
811,538,200
-
Foreign
Foreign corporate
1943
1942
3,650,030
260,155
29,311,607
6.929,785
$3,591,000
$86,820,000
$68,288,000
895,000
18.000
227.000
10,000
4,455.000
278,000
1,549,000
393,000
56,831,000
-————.
$3,828,000
$91,553,000
$70,230,000
39,010,101
$1,052,25C
Jan. 1 to May 7
$5,918,000
of shares
125,713,093
6,751,500 '
119,057,100
38,328,500
""
%
—
—
$6,000
Total
$465,000
953,000
$895,000
1942
$162,100
4
Total
-—-—
1,149.000
1943
1,612,870
4.738,000
industrial—
Corporate
$5,918,000
Jan. 1 to May 7
1942
$95,100
Foreign
.
Oct
Jan
774.000
Total
Bonds
&
87
12%
3,650,030
Friday——
12.696,045
shares
Government
Railroad
Jan
Exchange
Government
Week Ended May 7
Week Ended
1943
8.
37%
Bonds (Par Value)
Foreign
Foreign
(Number
Bonds
—
Thursday
U.
8% Feb
l%May
4
6
Dee
7%. Not
Stocks
Government
Foreign
Total
843,855
Saturday
Of
Nor
Apr
12
Daily, Weekly and Yearly
United States
Shares
Stocks—NO.
Oct
7% Jan
12% Jan
Transactions at the New York Curb
Slock Exchange
Daily, Weekly and Yearly
Friday
Special sales,
s
23%
10 shares.
Transactions at the New York
Tuesday
Wednesday
.No
Zonite Products Corp
Cash sale,
10%
17% Mar 29
2
Jan
118'A Jan
_1
Zenith Radio Corp—
6,300
15%
28
par
Youngstown S & T
)5Va% preferred series a_ —100
Youngstown Steel Door
25,700
28 % Apr
13
100
No
Young Spring & Wire
16,400
4%
.
&
Preferred
250
6,200
29%.
' 4%
Deferred delivery^
A
21% Jan
Towne Mfg. Co
Yellow Truck & Coach cl b.
Yale
$123,890,200
"
"
'
$45,242,100 $1,549,551,950
Bonds
-
.mi.
1
$868,939,750
Total——————
—
Stock and Dond Averages
Below
listed
on
are
the
daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow,
Stocks-
i
39
30
19
Jones & Co.:
10
10
Total
•
\
First
10
i
10
Second
•
IndusDate—
%
.
Rail¬
Utili¬
trial®
roads
ties
-
-Bonds—
—
65
Grade
/ Indus¬
Stocks
Rails
Rails
utiii*
Grade
Total
:40
'
trials
v
ties
Bonds
May 2
136.20
35.84
19.70
47.35 "
107.06
100.25
65.00
110.54
95.71
May 4
137.43
36.25
20.06
47.85
106.97
100.19
65.19
110.49
95.71
May
138.18
36.12
20.18
48.01
107.06
100.70
65.62
110.64
96.01
138.34
36.81
20.24
48.27
107.10
100.91
66.18
110.55
96.19
36.89
20.04
48.37
107.12
•
101.12
66.44
110.47
96.29
35.97
19.90
47.69
107.07 A
100.89
66.22
110.54
96.18
5
May 6
May 7
May 8..
_
.
-
A__
_
137.27
-
:
THE COMMERCIAL
1720
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
"and
are
the column headed "Interest Period"
The italic letters in
BONDS
Week Ended
V'"
I}.
4s
Treasury 3%s
Treasury
Trepsury 3%s
3 Vis
3 Vis
3%s
3 Vis
3s
3s
27/as
2%s
2%s
2%s
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Low
1947 1952
,.1944 -1954
1946 -1956
—1943 1947
1943 1945
1944 -1946
1946 -1949
1949 -1952
1946 1948
1951 -1955
1955 -1960
1945 -1947
1948 -1951
1951 -1954
1956 1959
1958 -1963
1960 1965
Treasury 43/4S
Trea I iry
Last
2Vis
Treasury 2Vis
Treasury
High
Low
*113.7
113.9
113.7
*105.5
105.7
105.5
Chile
106.3
el00.8 el00.8
100.15
*101.6
101.7
101.31
a-o
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106.6
110.13
ASinking
110.27
110.27 110.27
MS
*111.10 111.12
109.9
*104.10 104.12
' 104.26
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A 6s
108.27 108.27
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108.15
109.26
j-d
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108.21
108.23
110.10 110.10
108.26
j-d
j-d
Treasury 2%s
1945
j-d
*104.5
Treasury 2Vis
1948
M-S
110.10
Treasury
Treasury
Treasury
Treasury
Treasury
Trea sury
Treasury
Treasury
Treasury
Treasury
Treasury
2s
Treasury 2s
2s_—;
Treasury
2s
2s
Treasury
lVis
Federal
j-d
*105.25 105.27
104.30
101.25
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*104.5
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1950
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:
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J-D
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-
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100.3
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34
100.6
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100.16
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101.14
101.14
*101.14 101.16
j-d
j-j
100.26 100.26
100T28 10~0~28
1951
M-S
100.23 100.23
100.14
1951
j-d
*100.19 100.21
100.15
1952
M-S
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1952
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104.11
100.9
100.26
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15
1955
j-d
*100.10 100.12
100.12
100.12
1955
j-d
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104.10
103.16
103.16
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100.16
1948
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j-d
Mortgage Corp—
Farm
1944- 1964
1944- 1949
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1944- 1952
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series
1947
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1980
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lVis
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1945-
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102.14
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__
__
102.27
We maintain
105%
an
active interest in
120
2-2300
1970
AColombla Mtge Bank 6Vis
1947
1946
M-n
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1947
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bonds
17%
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5
18
21
3
52
2
—
i
16
62 Vi
—
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—
48
63%
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48
63%
52
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20
38%
48
1
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35%.
30%
30%
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^
^
40
*32%
J-D
51
47%
51
14
40
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49%
11
39
52
27 %
28%
29
19
__1951
1944
M-s
1949
F-a
External
*102%
102%
4 Vis
1949
F-a
debt
1977
J-D
1953
J-J
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APublic
1945
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A Czechoslovakia
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ASinking fund 8s series B
SADenmark 20-year extl 6s
External
1952
„_1942
5 Vis
gold
1955
1962
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•
—
125%
38%
J-J
67
F-a
59
1942
1940
1940
§ Alst series 5Vis of 1926
series
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sink fund
5Vis
42
45
55%
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47
11
42%
57
69%
85
1st
5Vis
1961
7s
Finland (Republic) extl 6s
French Republic 7s stamped
7s unstamped
90
*20
—
37
0
—
85
72
85
18%
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w-•
——
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83
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j-j
72
—
83
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1945
1949
1949
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__
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—
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series
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1969
Customs Admin 5Vis 2d series
67
58
61
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Vi
67
57%
55%
—
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45
64
a-o
107
106%
——
49
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....
90%
104'/a
—
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103
72%
34
89
88%
89
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—
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'
54
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1952
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Rica
part
paid
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uart
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1964
1968
1952
1960
1960
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95
99
97
95
—
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'
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100
—
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NY
New York
1945
4s
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coll 7s A
j-j
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--
a-o
50
44
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——
:
51
46
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M-a
a-o
1954
15
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J-D
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—
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:
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;
93
70
11
12
_
*90%
—
—-
97
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85
62%
85
80
— —
24
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12
68%
20
82%
—
r
91
.1943
1945
1945
1954
1945
1933
11%
11%
10
Q-J
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M-N
11%
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J-J
12%
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—
12%
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15
12%
J-D
J-J
9
12%
37
9
9
15%
14
--
~~
12%
11%
16
(State)—
1958
M-S
31%
32
19
18%
32%
1959
M-S
31%
32
14
18'/a
32%
1952
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89%
1959
M-N
s
7s
(City)
series A
South Wales
f
s
21
23
28
15%
.23
1957
1958
5s
s
f 7s series B
1945
j-j
21
22%
15 "
15%
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External
s
f 7s series C
1945
j-j
21%
22 Vi
14
16
22%
1945
series—__1957
j-j
21%
23%
59
15%
21%
11
15%
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20 Vi
23
36
16
23
21%
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5
16
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42%
54
93
6s
External
sink
fund 4Vis_.
sink
fund
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fund extl loan
*85
F-a
87
101
a-o
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1944
1956
1965
1963
101
82%
101
100%
— —
92
100%
6
*101% 102%
101%
93%
F-A
7
85%
94%
88
11
77%
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87
„
94%
88
94%
M-S
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87
1
80%
87
71
86
77%
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72
77%
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23%
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84
82%
89
*85
f-a
1943
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84
—
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f 5s
s
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«...
5
f 6 Vis
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118
85
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61
24
82
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1957
Norway external 6s
1947
1948
1968
24
18%
82
Irrigation—
AMontevideo
1-1693
— —
21%
22%
23%
a-o
1954
7s
(Prov) 4s readjusted
External
sink fund 6s
s
f 7s series D
AExternal
s
f 7s
1st
23%
a-o
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a-o
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s
sec
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.1958
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S f external 4%s
1948
S f conv loan 4%s
1971
S f exti eonv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25.1955
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1957
Antwerp
22%
j-d
;
*48
—
60
Argentine
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—1956
1928
External
s
s
s
3%
s
Canada
73%
83
83%
99
79
83%
a-o
j-j
86%
85
86%
40
82
94
M-S
86
84%
86
25
83%
94
80%
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12
79
91
M-N
—
471/4
48%
25
34
50%
—
47 %
47%
j-d
47%
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.
48
M-S
—
f-a
--
90%
4
51%
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87
93
92%
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78%
55
68%
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f-a
75
74%
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43
69%
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76%
36
70
76%
1975
M-N
78%
75%
78%
j-j
—
73
*57%:
--
*71%
78
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38 "
■
■
58
1960
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109
109
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32
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1945
1961
1944
1967
1968
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48
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j-j
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,
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.
15 1958
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s
assented
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1963
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1994
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1967
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1947
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1959
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1960
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1961
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de
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—'
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42
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23
97%
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102%
—
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102% 102%
*14
—
15
5
'
101%
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(City of)
1936
extl water loan
extl dollar loan
f 7s
Serbs Croats & Slovenes
s
secured external
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sec
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extl
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1950
1956
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1940
(Kingdom)-—
1962
1962
7s
1958
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.
20%
26
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161
18%
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External
26
5
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j-j
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j-j
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57
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20
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'
assented
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see
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page
1724.
1961
25%
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13
24
25%
73
18%
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—
25%
J-J
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5
15
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28
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28
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23
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3
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31
79%
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25
32
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12
30
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6
32
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1
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—
29
29
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~
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30
M-N
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■
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v;
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33
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-
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78
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58
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7
60
68
66
72
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1978
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1978
1984
1958
1958
f-a
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:
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87
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16%
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~.
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J-J
—
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——
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29
—
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1979
AExternal sink fund 6s
26%
1961
23
40
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16
23
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15
1964
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26%
1961
15
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u
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482
28
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1960
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•
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*16
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26
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1955
1946
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6s
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A-O
J-D
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23
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A8s
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1948
of 1926
municipal loan
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§ ASecured
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sink fund gold—__1968
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A8s external
A 6s
23
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131
27
..
—
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90
•*
26
27
J-D
1946
1953
106
84
73
60
M-S
A-O
1966
1967
1964
1952
1957
A7s
*104
M-S
90
73
70
.
83%
Sydney (City) s f 5 Vis
AUruguay (Republic) extl 8s
m-n
I960
sinking fund
8s
A8s extl loan of 1921
A7s external loan
ASao Paulo
*85
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1966
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*85
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~
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1947
1968
1950
1963
7Vis—1952
Queensland (State) extl 6s
1947
AExtl sec
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APrague (City of Greater)
a Rio
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1940
1958
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JAPoland
1942
assented
footnotes
—
1970
1955
(Rep)
APanama
1960
sinking fund 6s
s
—
j-j
1942
f 7s
__
__
j-j
1954
External
101%
100%
;18
101% 101%
j-j
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103% 103%
*100% 100%
j-j
j-j
For
—
91%
83
—
88
90%
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87
29
.
91
*80
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34
22
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97
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1984
f $ bonds
of) 30-yr 4s
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3
1976
1976
15
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15
A 6s
98
sink fund 4Vis
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—
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<Ws
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30-year 3s
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*
53
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—
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78%
28
1961
s
99
50
f 4%-4%s
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82%
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stamped
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1952
—1957
1958
1950
s
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89%
100
1957
1957
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Buenos Aires (Province of)—
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s
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55
1941
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31
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SABrazil (U S of) external 8s
AExternal s f 6%s of 1926
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88
1955
1955
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99%
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1949
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A
24%
W
**-*
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(Colombia)—
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1953
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A Costa
A Sec external
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v
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17
24
22%
24
F-a
f $
s
Mlnas Geraes
Teletype
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2
24%
a-o
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New
(Dept)
24%
25
18%
J-J
stamped assented
(US) extl 5s of 1899 £
AAssenting 5s of 1899
AAssenting 4s of 1904
AAssenting 4s of 1910
§ATrea.sury 6s of 1913 assent
Wertheim &. Co.
AGtd
24%
17%
24%
22%
a-o
1961
A Mexico
Members New York Stock Exchange
Telephone
AAntioquia
20
24%
24%
18%
1961
Mexican
,
Foreign Securities
Akershus
24%
24%
18
Oct
Mendoza
■
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and other
&
34
24%
J-D
1928
AJugoslavia (State Mtge Bk)
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South American
Govt.
24%
_
23
Irish Free State extl s f 5s
103 Vi
99
'
.
Foreign
24
21
19%
22
Helsingfors
104% 105 %
105
1
;
17%
22%
1927
Haiti
Agricultural Mtge Bank
45
M-S
of
A7s
Corporate Stock
REctor
24
Greek Government—
City
Transit Unification Issue—
3-%
22%
M-S
of
external
AEstonia
Loan Corp—
Home Owners'
24
1951
5Vis 2d series
102.5
*102.4
3 Vis
18%
1960
JADominican Rep Cust Ad 5Vis
V 100T4
25%
73
'
100.14
25%
26
25%
Sinking fund 5Vis
1950
26
20%
—
24
"
1951
*104.9
—
—
25
a-o
100.21
100.6
100.28
100.23
100.10
100.15 100.28
100.10
M-S
100.10
100.9
j-d
—
1960
A 6s
3s
103.24
*103.30 104
j-d
M-N
Munic 7s
High
18%
10
25%
24%
25%
(Republic of)—
108
*104.2
106.20
Low
Ho.
M-N
__1962
assented
A6s
Colombia
101.25
*106.7
104.4
M-S
A-O
1962
(Hukuang Ry) 5s
105.7
*101.26 101.28
1948'
1948'
1949194919491950195019511953June 15
Treasury 2s—
Treasury
106.15
:
j-j
Mar 15
Dec 15
Jun 15
Sept 15
Dec. 15,
March
Sept
.
Treasury
*106.28 106.30
j-d
__
Treasury 2s
Treasury
106
■106.15 106.15
M-S
A-O
1961
assented
A 6s
.1947
2s
Treasury
j-d
J-D
1961
.January 1
High
J-D
1961
AChinese
104.7
1949 1953
1950 -1952
1952 -1954
1956 -1958
1962 1967
1963 -1968
19 6 4 1969
—1967 1972
1951 -1953
1952 •1955
1954 •1956
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2 Vi s
2%s_
2Vis
2Vis
2Vis
2s
2s
Treasury
J-D
1961
Range Since
Sold
J-D
1957
A7s assented
*106.19 106.21
Treasury
1957
Bank 6Vis
fund 6Vis
A Chilean Cons
108.27
108.10
M-N
AGuaranteed sink fund 6s
■
107.4
*107.2
M-S
1963
sinking fund 6s
AGuaranteed sink fund 6s
110.15
104.5
M-N
A6V4s assented
106.10
M-S
1963
Bonds
24%
a-o
A6Vis assented
110.20
110.3
106.3
*106.1
j-d
1962
1962
AChile Mortgage
106.30
105.28
100.20 110.20
j-d
Low
/
,.
A-O
AGs assented
103.3
102.17
106.10 106.10
106.10
j-d
101.7
Last
Sale Price Bid & Asked
—
sinking fund 6s
AExternal
100.26
a-o
j-d
Period
May 7
assented
A 6s
*107.21 107.23r
-
Ended
(Continued)
(Rep)
AExternal
114.1
3-D
Week
.
Week's Range
or Friday's
Friday
Interest
New York Stock Exchange
Range Since
January 1
No.
High
•
,
BONDS
Bonds
a-o
M-S
the only transactions of
account is taken of such sales in computing the range for the year.
Cash and deferred delivery sales are disregarded In the week's range, unless they are
-Sold
Sale Price Bid & Asked
Period
7
May
-
Government
S.
Trei i try
Interest
YEARLY
-
shown in a footnote in the week in which they occur. No
indicate in each case the month when the bonds mature.
Week's Range
or Friday's
Friday
/'
Stock Exchange
York
New
WEEKLY
-
defaulted bonds.
Income and
Interest"—except for
week, and when outside of the regular weekly range are
the
Monday, May 10, 1943
& FINANCIAL CHRONICLE
~
12
10%
13%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
1721
NEW YORK BOND RECORD
'
Friday
BONDS
;
New
'
;
York
Ended
Week
Exchange
Stock
Interest
Period
1
7
May
Low
Railroad
BONDS
Week's Range
or Friday's
Last
Bonds
Bale Price Bid & Asked
Week
January 1
Low
No.
High
New York
Range Since
Sold
1953
A Stamped
;
Adams Express coll tr gold 4s
Coll trust 4s of 1907——
Southern
1st
1st
3%s
ser
mtge
66
v
5s—1943
—1981
104
■102
103 %
105
102
^Central of Georgia Ry—
A 1st mtge 5s
101%
102%
108
109 y2
70 v
62
66 y4
62
63
99 V4'
94%
99%
99
93 %
Albany & Susquehanna RR 3'/as—1946
3Vis registered
1946
A-O
A-O
-
99 V4
99%
*97
w-
1944
F-A
modified
1949
J-D
modified—.
5s
A 5s
1025/8 103%
103
687
90%
95%
292
70
94%
93
84%
83
A-O
>—1950
A-O
1998
1951
—>1952
—2030
A-O
F-A
M-S
M-S
1949
income
M-N
105
J-3
105 %
105% 105%
81
75%
Allis-Chalmers Mfg
Am
&
conv 4s__
Foreign Pow deb 5s
Amer I G Chem
5 Vis
conv
Am
Internat Corp conv 5%s—
1949
American Telephone 61 Telegraph Co.—
1
*66%
,
103%
!
68
'
108% 108%
■
87%
86%
<•
87%
62
'
1
4s
68
24
104
106
65
107%
108%
17
107%
109
107
115
103% 103%
76
100%
103%
Wat Wks & Elec 6s series A—^1975
M-N
103%
6
98%
103%
1967
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B____
—1955
Jan
Q-J
M-3
F-A
J-J
52
51%
65
69
61
70
Am
A
Anglo-Chilean Nitrate deb—
Arbor
Ann
1st gold
sink
1st
fund
4s
Atchison Topeka
4s
series
C
(Del).1957
65
63 %
69%
66%
'
—
*101%
.
1995
1995
1955
Conv 4s of
1955
J-D
1960
J-D
1958
4s of
1910
,
1st &
1962
ref 4Vis A
1st
gold 5s
Atl & Charl A L 1st 4Vis A
,
1946
1944
100
106%
*101%
111
Vi
101
4s
106 %
105
3
111
1
111%
112%
102%
103%
102%
104%
■
90
91%
276
87%
70%
72
206
63
84%
87%
270
74 %
45 %
43
45%
86
32%
45%
39
37
39%
23
29 %
39%
10
100%
103
43
104
106
Atlantic
1953
Refining deb 3s
104%
M-S
104 Vi 104%
18%
40%
36%
16%
37%
34
32%
35
113
16%
35%
15
108%
IT
'
109
■
A-O
87
F-A
69%
20
109%:
94
95%
M-S
99%
71%
501
99%
25
131% 132%
105% 105 %
21
F-A
105% 106
92%
28
M-N
J-J
1989
J-J
1989
J-J
88
55%
71%
90
83%
M-S
1946
95%
71%
84%
99
28
111
83
25
88
v
68%
*79%
M-N
254
100%
130%
132%
102 %
102
105 %
106
118%
121
115%
115%
15%
7
31%
*105%
*118% 125
*118
„
A-O
30
28%
31%
J-J
98%
97%
98%
97
97%
50
93%
97%
J-J
101%
100% 101%
117
96%
101%
30
97%
2,459;
.1949
Division
1949
4s
97%
1949
registered
1949
99%
291
99%
,
92%
98%
99 %
95%
92%
96%
274
81
96 %
77%
81%
296
65
81 %
.1971
F-A
88%
86
88%
125
73%
88%
1997
J-J
41
39%
41%
309
32
1982
M-N
1st
ref
&
series
5s
A
mtge inc
(conv)
Chicago & Erie 1st gold 5s
Chicago Gt West 1st. 4s series A
AGen inc mtge 4y2S
■
*120% 122
—
1988
J-J
74
72%
74
2038
J-J
44%
41%
44
t A Chic Ind & Louisville ref 6s A..1947
J-J
45%
118
50
87%
103
83%
528
337
81%
72
86%
1
:
71
46
39
45
121%
'
71 Vi
103
82
v
34%
1996
registered..
A Gen
90%
J-J
81
36
111
36%
110
.
20
110%
Chicago & Eastern 111 RR—
M-N
J-J
J-J
1959
.
18%
50
M-S
114
J-D
Atl Gulf & W I SS coll tr 5s
20
19%
6%
35
F-A
—
111%
my2111%
36
1992
gold 4s
cons
2
1958
109 %
1964
A
4s—
745
18%
1977
109
~8
—
91 %
coijs
46%
6%
1st & ref 4%a series B
102% 102%
4 Vis
23%
169
General 4s
103% 103%
1st
457
19 %
50
.*•
—1996
2d consol gold 4s._
Illinois
100%
95 %
18
:
Illinois division 3%s
109%
*107J/4
111
88
46%
Chicago Burlington & Quincy RR—
116%
96%
—
101
82
J-J
t A Chicago & Alton RR ref 3s_____1949
J-J
unified
coll gold
N
106%
111%
1st
R & A Div
J-J
M-S
1944
4s_—July 1952
.—Oct 1952
Atlantic & Danville Ry 1st 4s
1948
Second mortgage 4s
1948
&
1
120
107% 108%
J-D
30-year 5s series B—
General
103%
2
*iooy2
M-3
68%
37
1987
—
Potts Creek Br 1st 4s
102
103 5/8
36
J-J
1905
Trans-Con Short L 1st 4s
L
102
'A
_
114% 115 %
Nov
M-N
J-D
Atlantic Coast
:
..
registered
3'/as
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
1st
70
106%
106
1)5%
55
106
Y (
36%
1987
...
Chesapeake & Ohio Ry—
General gold 4Vis__
Ref & impt mtge 3%s D
Ref & impt M 3y2s series E
& Santa Fe—
A-O
Cal-Ariz
65
106% 106%
1995
Atl Knox & Nor
■'
1,125
•
106%
General 4s
Conv gold
•
J-J
J-J
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s__
.——I960
S A Central RR & Bank'g of Ga 5S—1942
Certain-teed Prod 5 '/is A
.1948
105%
103%
103
4s
1961
>1987
...1987
...
Central N Y Power 3%s
87%
104
A-O
—
,
108%
V31
1962
—
104%
102%
30%
V
"111%
95'/4
112"% 115
3s—
v
36
A-O
109%
108% 108 %
deb
98
44
•
16%
3(i
J-J
A-O
108% 108%
Tobacco Co
102%
22
50
F-A
108%
Amer
17%
1962
108%
A-O
17%
Central Pacific 1st ref gtd gold 4s_1949
113%
—
registered
A General
82%
M-S
'
—
debentures.
40%
19%
105%
.78%
294
.
5s
85
3-D
debentures-
conv
44%
107
2
■:>Y'
:
104% 105%
95%
1956
debentures
3s
88
J-D
1966
tACent New Eng 1st gtd 4s
JACentral of N J gen gold 5s
103%
1966
.1961
3'/4S
3%s
85
102
16 i
103% 103%
'
53%
303
83%
"
Alleghany & West 1st gtd 4s—
Allied Stores Corp 4%s debs-
60%
58
85
1950
—
87%
A-O
5%s series B
1959
ARef & gen 5s series C——.1959
AChatt Div pur money gold 4s__1951
A Mobile Div 1st gold 5s.—
1946
Alleghany Corp—
modified——
106%
57%
34
YY-•'
55
A-O
ARef & gen
;
Central Illinois Light 3%s
5s
101
97
„
*65%
5s
52%
M-N
.1945
110
48
104%
55
/
79%
108%
56
104
High
62
1
1
101% 102
F-A
1945
—Nov
§ A Consol gold 5s—
J-D
Low
7
%
104
*54%
J-J
J-D
*63'/a
-
F-A
1962
A-O
assented—.
104
Celanese Corp 3Vis debs——
A-O
warrants
M-N
Celotex Corp deb 4%s w w
—..1947
AGent Branch U P 1st gold 4s
1948
108% 109 Va
January 1
No.
79%
1950
102%
*103
108%
' J-3
-.1972
1948
Range Since
Sold
108% 108%
102
M-N
1967
3%s
78%
M-S
104 Va
3-D
>
Bonds
High
.—..1965
102
104 % 104 %
104'/a
'Low
—
102
1948
with
66
J-J
*102
3-D
1943
1949
Friday's
or
Sale Price Bid & Asked
*102%* %.
F-A
Albany Perfor Wrap Pap 6s
6s
48 Vi
66
-•
Week's Range
Last
Interest
Period
•
Carriers & Gen Corp 5s w w
Cart & Adir 1st gtd gold 4s
71 Va
'
A
1st
1
—
J-D
B—
Power
mtge
Alabama
:
—1946
A
cons
4s series
cons
J-D
M-S
-
1947
-
10-year deb 4%s stamped
Gt
70 Vi
J-D
___1953
1948
.
•
JSACarolina Central 1st gtd 4s
Carolina Clinch & Ohio 4s
;
1st
7
High
and Industrial Companies
§A5s series A unstamped
Ala
Friday
Exchange
May
:
tAbitibi Power & Paper—
•
Stock
Ended
57
66
75%
46
38%
31%
45%
45%
209
%
ARefunding gold 5s series B....1947,
ARefunding 4s series C
1947
J-J
43%
40%
45%
31%
45%
J-J
43
38%
43
68
29%
43
A 1st &
M-N
14%
11%
15%
643
6%
J-J
J-J
13%
11%
15%
273
6%'
85
88
85
A 1st
series A
gen 5s
...1966
& gen
6s series B__„-May 1966
Chicago Ind & Sou 50-year 4s
1956
5
15%
15%
66%
85
■
tChicago Milwaukee & St Paul—
'
4s series A
.—May 1 1989
gold 3%s series B__May 1 1989
4%s series C
May 11989
AGen 4%s series E
[—May 11989
AGen 4%s series F
May 11989
JChic Milw St Paul & Pac RR—
AMtge gold 5s series A
1975
AConv adjustment 5s
Jan 12000
AGen
B
Baltimore
-
1st
Ohio
&
RR—
July 1948
mtge gold 4s
74 ya
A-O
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1948) due——„July 1948
72%
75%
59'/4
566
75%
A-O
75%
d73 %
76%
304
601/2
77%
J-D
'
Dec
Ref &
1
1946)
49%
d42%
51
756
32%
51
54 Vi
d45 %
55
289
35%
1946)
493i
d42%
50%
574 Y"
32%
50%
M-S
48 Vi
d42%
35
d31 %
37
386
50%
F-A
———
32%
-
50%
24%
.
1,537
;>./;■
37%
M-N
68%
63%
70
60
57%
61%
55%
70
40%
61%
46
267
60%
51%
262
J-J
J-J
1959
60%
59 V4
.215
69%
70%
70 »/4
59%
12
69%
17
75
J-J
70 %
J-J
69 Vi
J-D
A-O
*45%
Pa 5s series B
1st & ref 5s series C
Beneficial Indus Loan 2%s
1948
J-J
102 %
102%
6
102%
1960
1950
19
128%
131
99%
15
99i/4
100
debentures—
1956
1952
1959
1960
1965
A-O
J-D
A-O
A-O
J-J
F-A
<^A
130%
1967
1955
gold 4%s series JJ
1961
1st mtge 4s series RR
1960
AInc mtge 4Vis ser A
July 1970
t A Bost on & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3 Vis.
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5S.1945
1st lien & ref 6s series A
—1947
Debenture gold 5s
——1950
1st lien & ref 5s series B
—1957
Buffalo Gen Elec 4%s B
1981
99%
s—
Niag Elec 3 Vis series
Buffalo
modified
75
45%
—
—
82%
■
94
65
67
45%
67
F-A
A-O
38%
37%
40
3,095
13 %
11%
14%
9,336... -: 4%
99%
7
99%
98%
53%
55%
54
55%
41
30%
.1987
M-N
55'/a
57%
121
33%
57%
M-N
M-N
M-N
55%
55%
5
32
55%
21
103%
105
35
103%
101%
101 Vs 101%
13
100%
104% 104%
17
102%
104%
103
103
78
92
104%
*103
88%
40%
98
2
92%
90
1
80
84%
86%
53
73%
86%
50%
423
39%
84
23%
411%
70
23%
44%
.May 1 2037
May 12037
J-D
J-D
M-N
44
40%
44
434
22%
44
40%
44
183
23
44
6,989
4
4%s
C
Railways
*
—..1949
1st
stpd
5s
V
9%
13%
13%
:.y
1927
part paid..
44
12
---F-A
56%
51
56%
58
35
46%
58
49%
53
50%
50%
5
35
50%
1934
..1952
A-O
M-S
31%
30%
33%
2.184
19
33%
34
33%
36%
790
20%
36%
1960
M-N
J-D
11%
1951
1951
J-D
1951
J-D
J-J
1988
—
595
33%
53
gold 4%s
9%
13%
87%
88 Vs
*70
1,993
,
y;
3
4%
13%
88%
67
75
70
75
8
108%
109% 109%
67%
67%
61%
67%
1
53%
71%
J-D
M-S
Dec 1 1960
72%
24
62%
72%
59
61%
162
49
62
*44
Chicago Union Station—
1st mtge 3%s series E_
1st mtge 3 Vis series F
59
J-J
J-J
109%
108% 109%
102% 102%
4
1952
J-J
100%
100'/a 100%
83
1962
M-S
102%
102
1943
1963
1963
39
107%
100
109%
103%
*100%
—
—
/
'
_
178
97
74%
A-O
67
65%
139
41
77%
A-O
51
49%
56
82
38
59
M-N
49%
48%
49 %
24
28%
49%
109%
1966
F-A
108 3A
108% 108%
4
108%
110
Cin Union Term
J-D
M-N
F-A
109%
1969
1993
J-D
Childs Co deb 5s._.
Debenture
1st
__
8
104%
1051/a
105%
1051% 105%
2
104%
106
88%
40
83%
102%
102% 103%
30
99
110%
110% 110%
mtge 3%s._
1967
1st gtd 3y2s D...1971
—
1st mtge
90%
5s
gtd 3%s series E
Cleve Cin Chic & St Louis Ry—
103%
General
gold 4s
*111% 112
—
1103/4
109
110%
—
112 %
111%
20
109% 109%
*__
y
109%
112
>
88
*80
20
89
95
71
—
89%
90
110%
115%
General 5s series B
1993
J-D
W-
85%
110%
1
-
—
100%
102%
102%
1952
104% 104 %
87
94%
1957
104 Vi
88%
1st 5s__„1960
guaranteed 5s
ACertificates of deposit
i
110%
Ref & impt
1977
J-J
59
59
60 %
352
46%
1991
J-J
58%
573/4
58'/t
16
46
58%
1990
M-N
81
80
81 %
56
65
81%
1970
J-J
1948
1950
M-N
F-A
375
35%
49%
694
11%
4%s series E
22%
20%
22%
88
11
22%
A-O
83%
84
15
81
86
9
58
70%
1st 4s
1st coll tr gold 4s
-
-
■'
60%
23%
«.—•
'
70
70
J-J
86
87
A-O
1970
1955
J-D
.
.
.
70%
16
87
1946
trust ctfs
gold 5s—
—1954
trust
—I960
1944
.
M-S
J-J
J-D
J-J
108% 109%
16
92%
24
'
_
91%
_
77
Cleveland Elec Ilium 3s
Cleveland & Pittsburgh RR—
Series C 3y2s gtd
1
3y2s gtd
General 4y2s series A
Series
|87
108
;'
114%
—
108
-
79
Gen
109%
D
&
1st gtd 4%s
s
f 5s series B
s
111%
114
108
109
113%
115V2
2
113%
115%
ACertificates
of
>
-
w,.
„...
101%
96%
100% 101
*104
8
96%
75%
92
64%
72%
122
59%
75
103%
104
•
*103%
J-D
A-O
86%
10
100%
102%
104
105
102
A
M-N
'37%
99%
100
1968
J-D
111%
1958
J-J
1st extl 4s—
37
37
—
May
Columbus & Sou Ohio El 3%s
Columbus & Tol
82%
91
35
81%
1961
111%
12
;.
89%
88%
78%
71%
1st extl gold 4s__1948
113%
71%
95%
u,
92%
87
—
110%
37
.
71
80%
May 1952
112
45
104%
101% 101%
95%
23
87
„
105
29
72
Apr 15 1952
Debenture 5s
Columbus & H V
81%
92 Vi
1970
1955
115%
113%
81%
105
-
91
Mackay Corp—»
deb w w
—Apr 1 1969
113%
III1/4
112% 113
—
deposit.
5s
5
110% 111%
81%
*105%
108
108
..
92%
M-N
A-O
J-J
A-O
M-S
F-A
Debenture
43
113
105
108
A-O
—1945
Columbia G & E deb 5s
113% 113%
111%
108 V*
A-O
Iron 5s inc mtge—..1970
114% 115%
113%
106%
...1977
gtd
$ A Colo & South 4%s series A_____1980
6
;;
A-O
A-O
18
1973
I 4%s series C—
Colo Fuel &
1961
1972
107% 107%
*105
F-A
J-J
1977
1981
ref 4y2s series B
107%
82%
80
87%
40
132
24%
41%
37
30
25%
40%
99%
80
92 %
100%
93
100
87%
25
92%
97
108%
114% 114%
115% 115%
■
108%
23
113% 114
F-A
M-S
J-J
J-J
__1956
1951
1724.
1091/4
A-O
A-O
J-J
J-J
A-O
F-A
1960
5s equipment
57%
39%
228
tAChoctaw Ok & Gulf cons 5s
Cincinnati Gas & Elec 3y4s
49%
1946
page
35%
325
Income
54i/4
41%
39
23%
4Vis
see
33
70
44%
1st & ref 4%s series D
44%
deb stk perpetual
footnotes
57%
;
90
20%
Canadian Northern Ry deb 6 Vis
For
56
57
58%
58%
68%
Chic & West Indiana com 4s
221/4
cons
4%s
57%
33%
34
33%
41
Memphis Div 1st gold 4s
98
90
d47%
85%
50
33
98
'
,
92
48%
Guaranteed gold 5s
Guaranteed gold 4%s_—
Collateral
244
ref
&
AConv
101%
A-O
gtd 5s A
1962
Canadian National gold 4Vis
1957
Guaranteed gold 5s
July 1969
Guaranteed gold 5s
Oct 1969
trust
118
58%
70
Chic T H & Southeastern
M-N
California-Oregon Power 4s
Coll
60
57
58%
57
55
44
Coal River Ry 1st gtd 4s
trust
55%
56%
57%
55 «/
M-N
1st
Coll
57
58
,
32%
J-D
1936
;
gold 5s
1st & ref 4%s stpd
1st
Guaranteed
M-N
M-N
87
.May 1 2037
6%s
Oleve Union Term gtd 5%s
Can Pac Ry 4%
1987
;
gold 4s
§ A Secured 4%s series A
105%
1934
—
1957
4%s_
4%s
1987
ref
&
Cleve Short Line
gold
gold
40
,14%
55%
St L Div
1960
Guaranteed
18 %
56%
§ A Refunding
997/a
104% 105
104% 105%
at
due
Southern
67
'.vy:
54%
-
Cin Wab & M Div
1955
Canada
;
M-N
M-N
4s
Chicago St L & New Orleans 5s
Gold
3%s
1952
to 1946)
3%
^Burlington Cedar Rap & Nor—
§ A 1st & coll 5s
A Certificates
of deposit—
65%
25%
45%
105%
M-N
J-D
M-N
F-A
J-D
C—1967
(interest
67 %
J-J
liAChicago
Buffalo Rochester & Pgh Ry— "
Stamped
45
~
A-O
J-J
M-N
F-A
M-N
F-A
M-N
5s series II
M
1st
60
——
*94%
M-S
M-N
1st
277
'
J-D
1944
Big Sandy 1st mtge 4s—
Boston & Maine 1st 5s A C
67 %
AConv 4%s series A
1041/4
130
debs
Consol mtge 3%s series F
Consol mtge 3s series G—
Consol mtge 3%s series K
643/4
t A Chic R I & Pac Ry gen 4s
ACertificates of deposit
1951
23/4s
66
A 1st
RR—
Beth Steel 3Vis conv
67%
J-J
A
stamped—
1951
Battle Creek & Sturgis 1st gtd 3s—1989
Beech Creek extl 1st gold 3Vis
1951
4s
Bell Telep of
61
44 %
§ A Secured
\
Bangor & Aroostook
Con ref 4s
40%
370
A 1st
Pgh L E & W Va System—
Ref gold 4s extended to—1951
S'west Div 1st M (int at 3 Ya%
to Jan 1 1947) due.
—1950
Toledo Cin Div ref 4s A
64%
256
67%
62%
registered..
;
.—1987
AStpd 4s n p Fed inc tax
1987
AGen 4%s stpd Fed inc tax.—1987
AGen 5s stpd Fed inc tax
.1987
A4%s stamped
—1987
55
Jf-S
(int at 1% to
due——
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
1996
A Conv
due
Feb 11960
:
43%
61
64
4s
J-D
Ref & gen ser D
Sep 1
325
58%
64
A General
(int at 1
1 1946) due.——1995
to Dec
64%
58%
J-J
^Chicago & North Western Ry—
A General gold 3 Vis
1/3 % s registered
C
gen ser
63%
J-J
U
(int at 1% to
due
-1995
Ref & gen ser A
-
J-J
AGen
AGen
98%
*99
97%
96%
100
97%
59
88
110
*109%
*107%
105
110
112%
—
91
97%
110 %
108%
109 Vs 109%
112%
Commercial
Income
25
54
105
Commonwealth Edison Co—
•
96%
mtge 3%s series I
Conv debs 3%s
1st
111% 111%
112% 113
5
IIOV2
111%
74
108%
113'/a
THE COMMERCIAL &
1722
FINANCIAL CHRONICLE
Monday, May 10, 1943
NEW YORK BOND RECORD
Friday
BONDS
Stock
New York
Ended
Week
May
Friday's
or
Sale Price
0';?: Period
7
Bid & Asked
Low
1st & ref 4Vis
1951
Stamped gtd 4%s„—
1951
Conn River Power s f 3%s A—,—1961
Conn Ry & L
.
.
.
High
*112%
J-J
J-J
F-A
BONDS
Week's Range
Last
Interest
Exchange
Bonds
Sold
No.
Low
Week
4
105%
108
109
111
3 '/as
1946
——1948
^
1956
1958
deb 3Vis
1951
debentures
debentures.
3%s
debentures
3 Vis
debentures—
Consolidated Oil conv
JAConsol Ry
40-year 4%s
Cairo Bridge- goM 4s_
4s
A Debenture
4s
1st
mtge 3Vis-
mtge 3 Vi s——
1st
;
mtge 3Vis
1st
mtge 3Vis—
—
105%
106%
105%
108
11951
20
103%
104%
51Vi
50
31%
51%
Springfield Div 1st gold 3Vis
50V4
48%
51 Vi
16
33
51%
Western
1
32
2
92
51 Vi
51 Vi
51 Vi
101
101
109
109
Gold 3 Vis-—1
receipts
ADeposit
109%
110%
JAInd & Louisville 1st gtd 4s
110%
111%
Ind
2
107%
108%
Inland Steel 1st
109%
1
108%
110
Inspiration
101% 101%
7
101
101%
Interlake Iron conv deb 4s
28
93
96%
95
96
mortgage 4Vis
1st
ARef &
I
42
48
Int Rys Cent
1
26%
39 Vi
96 Vi
99
16
105%
56%
lien
1st
102
103
103%
108%
6
J-J
,
1965
Railroad Co—
Erie
M 4s series B
cons
.1943
v:.|
.1959
.1974
A
deposit-
of
Certificates
15
38%
34
6%
3
111%
80%
83 Vi
85%
267
66 %
85 Va
1951
M-S
3%
3%
4%
75
1%
1959
1961
J-D
J-J
31
46%
61 %
94
96'/a
1st gtd gold 4s__1990
A-O
& M Ry ref gold 4S.1936
A-O
110%
111%
95
89'
112
106
75
106 Vi
104%
%
33%
2
96%
36
85%
102%
Stamped
4
106%
108%
107% 107%
33%
33%
93
9
5
149%
100%
101%
102 Vi
93%
93%
7.9 Vi
82
265
81
11
74
73 Vi
74
92
76%
76
77%
54
107% 107%
17
104
64
79
196
60 Va
282
55
•
106%
99
5 Vis
series C
ref
5 %s
6
8
99
85
f ,5s stamped
.■1st & ref sink fuhd
76%
96
398
19%
39%
38%
38 Vi
1
9%
12%
122
4%
12%
9%
10
25
4%
10
*102%
-i.
20
i:-
*82
92%
93%
109
93%
170%
170%
105
—
1067a
86
177%
172
2
106% 1067a
108
107
___
1106 Va 1067«
105%
108%
101%
100%
102%
100
102%
80 '/a
5
3
3
100% 100%
95%
1%
3
98 Vi
199
95
i
1
92%
92%
95
J-J
J-D
J-D
101
85%
95%
85
33
95
1975
1954
Dec
J-J
1954
J-J
3
99%
101 Va
38
83 Vi
92%
101
101
92
92%
88%
89
61
61 Va
•89
87
5
80
89
68
52
63
78
89
75
87
94 Va
1945
977a
89
14
87
31
94 Va
94 Va
4
M-S
-
87%
84%
A-O
A_——1965
91
91 Vi
17
91%
87
38%
5s___L—1—1954
stamped-..'
;
Leh
102%
stamped—
5s
Val Harbor Term gtd 5s
Valley N
Lehigh
90
,
Lehigh' Valley RR—
4s stamped modified
'
G
"l
90%
6
75
71
71
88 Vi
—
F-A
71
88%
75
70
70
F-A
61%
59%
61 Vi
J-J
74
71
74
93
73
67
Vi
71
182
—
89
86
1
67
—
100
71%
70
F-A
1950 *
Y 4%s ext
88%
90%
68
88 Vi
F-A
1954
—1964
1964
1974
1974
1954
& ref sink fund 5s_:
1st & ref sink fund 5s
:
100
1944
—
stamped.--.
5s
1st
5s
28
85
*93%
Lehigh Valley Coal Co—
102
73
89 V 4
61
46
92%
'
1997
registered—,
mtge income reg
Lehigh Coal & Nav. s f 4%s A
Cons.sink fund 4Vis series C
106%
39%
87%
110%
111% 113%
'
F-A
F-A
1947
1997
to—.—
Mich Sou gold 3%s_
Sh &
A 1st
100 Va
96
.
74
78 Va
105%
1
61
Vi,
81
62%
69%
,
Erie & Western RR—
3Vis
36%
'•
61
93%
82 Vi
61
•
1
113% 113%
*88
86
61%
10
Lautaro Nitrate Co Ltd—
i.61%
83
20
:
107%
A-O
series D——1960
Lake
98
92%
ref
&
5s extended at. 3%
81 Va
98
&
Coll
Lake
65
23
81
80%
Af-S
M-S
M-S
1945
1953
extd 5s
Coll
J
81 Vi
Gas Light
Laclede
108 Vi
148
*
S
100 Vi
108
103
__
3%s__——.1961
3% notes—;—-1950
tAKreuger & Toll 5s ctfsl———,1959
111
107
—
108
*87%
88 Vi
61%
95
J-J
—1954
6%s_.
ref
&
Koppers Co 1st nitge
12%
M-N
59 Vi
94%
J-J
A-O
J-J
1961
1997
—1954
—
Kresge Foundation
38%
1956
59%
J-J
-1961
1st
33%
109%
1961
1961
—
—
103%
101% 102
•
98
92
_
95
A-O
J-J
J-J
J-J
J-J
J-J
Apr 1950
1960
1987
unguaranteed
Kings County El.L & P 6s_—
Kings Co Lighting 1st 5s.
96%
6
26
Southern Ry 1st 3s—1950
4 Vis
92
J-D
_
80
&
Plain
51
37%
1956
F-A
deposit
Kentucky Central gold 4s
96%
33
of
Kentucky & Ind Term 4%s
106%
40
50
59%
V".
*97 Va
M-N
J
& Clear 1st 4s
impt 5s_,
Kansas City Term 1st 4s
15%
96
w——.
Vi
83 %
M-S
1955
Lehigh & New Eng RR 4s
M-N
54
F-A
J-J
4%s_—1952
Laughlin Steel 3 Vis
Kansas City
112%
1
15%
100%
—
1982
(Proof of claim).
ACcrtificates of deposit—.
§A2-4s
51 Vo
18
J-J
& Teleg deb gold
ACcrtificates
RR—
tFonda Johns & Glover
44 Va
63%
18%
••<■97 %
__
23%
95%
576
38%
107
J-D
209
13
tSAK C ft-S
59 Vi
J-J
44 V«
K
m nr-
;M-S
39%
185
12
>80
102
44%
43
46 Vi
80%
3%
97%
Af-N
23%
1972
Lehigh & N Y 1st gtd gold 4s
1961
207
100%
1,467
"*78
J-J
J-J
M-N
M-S
1995
AGen mtge inc 4%s series A_—2015
N Y & Erie RR extl 1st 4s
1947
Ohio Div 1st mtge 3%s
1971
1st
44%
79
Kanawha & Mich
*104%
■*
,
V4
100
12%
*100% 101%
80
40
80
45%
108
A-O
43
A-O
J-J
J-J
A-O
45'
*151%
A-O
1,197
6%
300
3%
33
Af-S
1965
18
1947
6 Vis
514
*107'/a
1970
16%
15
108%
110% 110%
—1965
3 Vis
stamped
5s
24%
107%
22%
102!« 102%
108
625
104%
137
'
M-N
J-J
J-D
46 Vi
Vi
387 a
45%
*45
A-O
1995
1950
104
41%
44
J-J
107
,
J-J
J-J
gold 5s—1937
102'A
104%
21%
112
107%
102%
1
102%
103%
110% 110%
96%
101%
102% 102%
9
101 Vi
*97
;33%
105Vi
2
A-O
44
15
8
12
106 Va
104%
102 Vi
46
1.277
12%
M-S
104% 105
102 Vi
52%
45 Vi
103 % 105 Vi
8%
15%
40
108 V 2
a-0
•;
8
98
24%
108 Va
'108%
106% 107%
Amer 1st 5s B
James Frankl
Jones &
40
82
102% 103%
ref
&
Int Telep
71
105
—
107%
107
618
62
60%
*82 Vi
A-O
,
1947
1
11
4s
Elgin Joliet & East Ry
El Paso & S W 1st 5s
30
39%
32%
Auto-Lite 2Vis debs
Elec
40
48
35
1st cons gold 5s
36
40%
A-O
(NY)
55%
27%
42
42
F-A
Ry Minn Nor Div 1st 4s—1948
Tenn Va & Ga Div 1st 5s
1956
Ed El 111
43 Va
79
mtge 3s series F—1961
Copper 4s
1952
41%
103 %
series F
1965
A-O
Gen & ret mtge 3%s series G—1966 ^
M-S
Gen & ref 3s series H
.——1970
% J-D
Detroit & Mackinac' 1st lien gold 4s 1995
J-D
ASecorid gold 4s_
,-1995
J-D
Detroit Term & Tunnel 4Vis
—1961
:Af-N
Dow Chemical deb 2%s—;—
1950
M-S
Dul Miss & Iron Range Ry 3Vis—1962
A-O
East
162
98
6
105
J-J
f ADes M & Ft Dodge 4s ctfs
1935
tADes Plains Val 1st gtd 4Vis—1947
East
54 Vi
95%
40
impt 5s series B———1978
1st M 3Vis
52
97
51
8%
t§ADul Sou Shore & Atl
53%
48 Vi
11
Duquesne Light
J-D
J-J
J-J
Af-S
42%
F-A
Edison
59
36
Ref
Detroit
47%
38
plan)-—
to
75
407
30
71
64
58
1
69%
587 a
55 Vi
10
106% 106 Vi
47%
57
A 1st
*101%
70
J-J
gold 4s„_1936
—1936J
5s
Aug 1955
t§ ADen & R G 1st cons
§AConsol gold 4%s
fADenv & R G W gen
A Assented
(subject
Cons
t A Iowa Cent Ry. 1st & ref 4s
M-N
J-J
J-J
J-J
1969
:
Union -Ry 3Vis series B
Debentures 5s
J-J
J-D
"-970
Union Ry 3Vis series B—1965
Delaware & Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4Vis,—1971
1st & ref 4Vis
——1969
Dayton
6
J-D
10
29
55%
57 Va
e:i%
48
99
53%
48%
42 Vi
98%
-A-O
1955
42
6
39%
—
21
29
48
J-D
53'i
75
50 Vi
—
73%
52%
74
A
39
—
J-D
58
75
40
50 Vi
J-J
70
72%
53%
12
62
tAInter-Great Nor 1st 6s series A.1952
44
27
89
73 '4
J-J
48
32%
48
541/4
63%
*70%
J-J
42
11
38%
309,
91
67
42%
85
537'a
*89
J-J
F-A
50%
44
38
High
56%
66%
51%
52%
152
56
Adjustment 6s" series A—July 1952
5s series B
r__1956
A 1st gold 5s series C
1956
Internat Hydro El deb 6s...:
,—1944
internal Paper 5s series A & B^.—1947
Ref sink fund 6s series A
1955
44
38
Low
No.
64
66
F-A
1963
107% 107%
96
.
J-J
-1950
1956
1986
1st gold 4s
Ind 111 & Iowa
109%
37
—
1946
3s
P & L 1st mtge
ref 5s "series A
1st
Joint
108%
__
Sold>
111 Cent and Chic St L & N O—
51%
101
D
Dayton
gold 4s—
109 V2
J-D
—
extended to
B
series
1st
111 '/a
111
40
ADeposit receipts
Curtis Publishing Co 3s deb—
Lines
—
1st & ref 4Vis series C
*110%
Range Since
January 1
Bonds
1963
109
Vi 104%
50
+
High
-1951
106%
104
51 Vi
108 Va 108 Va
Bid & Asked
.1951
1951
gold 3s
St. Louis Div & Term
1
104 Vi
A-O
J-D
debs———1950
Crucible Steel 3 Vis s f debs
-1955
§ACuba Northern Ry 1st 5Vis
1942
A Deposit
receipts
i
—
A Cuba RR 1st 5s gold
—1952
ADeposit receipts—
—
A7Vis series A extended to—1946
Co 2V4s s f
AOs
5
16
Af-N
M-N
M-N
M-N
M-N
—1965
1967
1970
1906
1969
mtge 3Vis
1st
Crane
106 Vi
Power Co—
Consumers
1st
105 Ms
106 Vs 106 Vi
Div
J-J
J-J
J-J
,
Coal s
Consolidation
106'/2
.—1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st "gold 3s.__
-1951
Litchfield
104%
102%
J-J
deb 4s—-1954
1955
——1956
f 5s
1960
M-N
F-A
J-D
J-J
1st gold 3s
106 Vo
A-O
A-O
V A-O
J-J
J-D
non-conv
A Debenture
1955
1966
,.1950
Refunding 5s.
3
25
Week's Range
or Friday's
Illinois Central RR—(Continued)
108
105 Vi 105 Vi
102% 103 Vi
Last
Sale Price
Low
Consolidated Edison of New York—
3V4S
7
May
109 Vi 109 Vi
__
109 V;
Friday
Interest
Period
Exchange
Ended
High
108
—
New York. Stock
Range Since
January 1
—
74%
73
66 '/a
66
52%
76
71
44
4
%
74
38 Vi
38%
39%
927
29%
42%
36%
36%
37%
21
28 Va
40
Af-N
41%
41 Va
42%
281
32%
45
2
31%
41%
Af-N
45 '/a
215
35%
50
M-N
.2003
.2003
—
—
—
'
.1949
1949
Oct 11945
tSAGa Caro & Nor 1st ext 6s
1934
Goodrich (B F)
1st 4Vis—
1956
Gen
Steel
Castings 5Vis
tAGeorgia & Ala Ry 5s_„
:-1946
1947
deb 5s w w
Grays Point Term 1st gtd 5s
Gotham Hosiery
series
,
J-D
_
J-J
99%
99% 100
J-J
33 Vi
33%
34
53
53
53
J-J
106 Vi
J-D
General 4'/2s series D
1976
General 4Vis series E
:__1977
A
General 5s series C_
1946
General mtge 4s series G
bonds
19
106% 106%
27
2
30
105%
99 %
97
1946
1967
mtge 4s series H—
Gen
mtge 3%s series I—
100
.2003
34%
53
1951
107%
97
109
110%
102%
69
92 %
104%
288
83%
97 %
83%
97 Vi
104%
J-J
96%
96%
97 Vi
J
97%
96%
97 Vi
210
104"%
103% 104%
182
99 %
103 n
127
103
103
102% 103 %
186
99
143
75%'
J-J
J-J
89%
J-J
103% 104%
88%
104
90%
104 7
5sc
Mob
Gulf
1st
AGen mtge
&
13%
—1950
.
A-O
99%
99
A-O
Feb
102
9
14
91%
98%
99%
74
87%
1975
inc 5s series A
J-J
83 Vi
82%
84%
56
69%
J-J
64
61
64
36
54
1949
a
104
*92%
Gulf States Steel s f 4Vis__
1961
A-O
102% 103 Vi
Gulf States Util 3 Vis
1969
M-N
110% 111
ref Term
M 5s
stpd
series D
stamped——___a.——
Lorillard (P) Co deb 7s_.——
103%
5s
debenture—"
(R) Co 1st mtge
tSAHousatonic Ry cons
Houston Oil 4Vis debs
Hudson
Coal
Hudson
Co
Hudson
&
1st
Gas
84 Va
*
'64:
1954
M-N
1962
J-D
1949
series
M-N
1957
F-A
A-O
A
gold 5s
Manhattan
1st
5s
A
AAdj income 5s
100
100
100
*83 Vi
102'/a
1st
104
110
111
127
98%
85
80
*104% 105
103
&
ref 4Vis
&
1981
J-J
1951
Unif mtge
Atl
40%
1
117%
118
60%
46 3/.
3
61
28
26%
28%
273
19%
29
102
102 Vi
Ry joint
Knox
1st gold
I
3 Vis
1951
*94
J-J
1951
A-O
1st
1951
M-S
1952
A-O
61
60%
1955
M-N
58
1952
J-J
55
1st gold 3Vis
gold 3s sterling._■__
Collateral trust gold
Refunding 4s
Purchased
Collateral
For
lines
trust
footnotes
4s
.
3 Vis
_
I
gold 4s
see
page
1953
1724.
M-N
96
96
—
101%
Vi
'
59%
Gen
(South Lines)
•
1st gtd 3
Steam
s
•'!
'
51%
65
47
59%
56 Vi
69
46%
92%
102 Vi
102 V;
103 Vi
"
104-if. 104 Vi
29
105
102 Va
105%
58
94%
101%
56
>
88%
204
»
105
J-D
58
M-N
—a"'
~7
88
12
96%
97%
110% 110%
J-D
105
88
96%
85
97
92'%
102 Vi
105 Vi
108%
15
*109
61
1* 1957
109%
104
105
78%
88
110
94
97%
1
110
110%
§AMarket
ext 5s
Wat
Sew &
»
84%
93
58
19
47%
59
64%
58
49 Va
65%
45%
45%
1953
M-S
M-N
*21%
North-
-
1945
1955
1956
.
1960
1050
—1938
;
J-J
65 Vi
A-O
Q-A
Q-A
> A-O
65%
20
39
65%
100%
103
*100 Va 103
100
100%
89%
98%
94'/a
10
105% 105%
3
105 %
105%
107% 107%
9
106%
108%
6
111%
113%
94
105%
J-J
M-S
A-O
F-A
64%
*100 Vi 103 Va
A-O
•
>7;r
—
-
-
1947
Drain 5Vis
t§AMet W Side El (Chic) 4s_
Merop
...
4s,.____1959
St Ry 7s series A__Apr 1940
(Stamped mod)
50
57
62%
917a•93
92
*34
Metrop Ed 1st 4Vis series D
43 %
59 %
90 V
-I960
McCrory Stores deb 3%—McKesson & Robbins 3%s
23
91%
1945
f 6s
97
443
100% 101%
97
J-J
Vis—i———1941
Shovel
96
58 Vi
103 Vi
95
Af-S
M-S
Stamped
60%
55
'
„
96 %
M-N
Elec RR & Lt s f 5s
96
54%
'
105% 105%
101%
1955
4s sink fund—Feb
60%
57
'
F-A
:
;_1952
mtge 4%s series A
96
77
58%
1946
monon 4s_
Div 4s
60
61 Va
"
J-J
J-J
—1980
1945
gold 3s^
Central RR 4s series A
western
100
92%
1950
1960
Cine
&
Manati Sugar
103
97%
97
A-O
A-O
90
M
Maine
Marion
Extended
1107B
A-O
A-O
62%
Illinois Central RR—
*100
94 %
109%
90
M-S
105 Va
598
102'/a
78%
*
4s series B ext
Montg 1st gold 4%s
Si
South
144
j-j
91%
103
*110%
A ext—,
AManitowoc Green Bay &
2%s series A
122
M-S
Paducah & Mem Div 48—^.-
AManila RR
1st gold 4s
120%
2003
2003
—
& ref 3%s 'sefies E.„
A Manila
Illinois Bell Telep
110
3
88
60%
62%
102
107%
121% 121%
107%
J-J
series C—
Unif mtge 3%s series
101
57%
57%
102
107% 107%
F-A
2003
ref 4s series D—
129 Va
117% 117%
58%
101
98%
1
:_2003
ref 5s series B_—
At
1st
1st
129
31
.98%
Louisville & Nashville RR--
Mob
129
•
62
.1945
99%
:
5
104%
99%
102
—
15
A-O
106
104
5
101 Vi 102
101 Vi
.1969
14%
106
1
104
.1966
St Louis Div 2d
M-N
Feb 1957
f 5s
s
1st
A-O
1937
107%
121'/4' 122 %
104
M-S
.1951
Ark 1st 5s series A.
&
'
J-J
1944
gold 5s
109%
3
4
101 Vi 102
M-S
,.
.1944
—
69%
■
Hoe
107 Vi
100% 100%
M-S
•
90 Vi
H
Hocking Valley Ry 1st 4ViS——1999
117%
*106!a
104
A-O
•
.1949
4s:.
1st
J-J
&
...
M-N
.1950
.1949
Ship Island RR—
1952
1st
65
66
2015
Gulf Mobile & Ohio 4s series B
Gulf
13
—
1st 5Vis B
& Nor
68 Vi
13%
-
;
mtge 5s series C
*57%
Feb
—1950
ctfs A
55'/a
115
105 Vi
107% 108 %
F-A
.1962
Long Dock Co 3%s ext to_
Louisiana
AGreen Bay & West deb
A Debentures ctfs B
75
19
28
121% 121%
A-O
.1951
75
118 Vi 120
105% 107
105%
-
111
111
J-J
"«/
J-J
.1944
17
61
*
A-O
'
39
47%
71
A-O
1965
1955
39
45 Va
_
.2003
101
110
110%
—.
Gen
.2003
109% 110%
J-J
103 Ji
General 5 Vis series B
Called
98
142
*97%
J-D
J-J
4Vis
38
%
*101
MS
1961
1952
1973
Northern
Great
„
_
112
*90
10'
9%
112%
84
96
11%
184
6%
90%
11%
157:
Volume
"
•'<
BONDS
Ended
Week
-
Interest
Feriod !•
7
May
Last
Friday's
or
Bonds
,
Low
Range Since
Michigan Central-
1951
1st gold
:
_1952
Ref & impt 4 Vis series C
—1979
Michigan Consol Gas 4s
1963
tSAMidland of N J 1st ext 5s:_.__1940
ISAMilw & Northern 1st ext 4%s__1939
A £ Consol ext 4'As
■
1939
{ AMilw Spar & N W 1st gtd 4s—_1947
tii AMilw & State Line 1st 3%s
1941
{AMinn & St Louis 5s ctfs—— 1934
A 1st & ref gold 4s
:—1949
A Ref & ext 50-yr 5s series A
1962
Sag 3 Vis
&
Lans
Jack
•
,—
-
63
7 7'A
7 7'A
56
60
Av
78
7
23
9'A
•
7%
2'A
8
1938
1938
§ A 1st stamped 5s gtd as to.int—1938
consol
A 1st
A
1946
ref 6s series A—,
&
—1949
5'As.—
25-year
A 1st
5s
1978
5 Vis series B—
& ref
}AMissouri-Illinois RR 1st 5s
1959
Kansas & Texas 1st 4s
1990
Mo
27'A
28
27%
9 Vi
16
16'A
10
28
J-J
J-J
9 %
29
4%'
10
6'A
71%
J-J
J-D
5
1962
J-J
CO
57%
J-J
50%
49
50%
1978
J-J
54
52
A-0
36%
34%
38
«
53%
56
54%
53%
F-A
54%
>
'
104% 104%
103'A. 105 Vz
103 ya 103'A
103
Western
a'
\'
•
46'A
*30
1974
M-S
113
1945
A-0
mtge gold 5s (stamped can¬
cellation of guarantee)
1945
54
19
38
127'4
103%
A-0
series
A
*119'A 120
113-113
113
Ohio Ry—
guaranteed gold 5s_
51%
35%
49
34
124%
—
*67
& ref 5s
gen
4 Vis
ref
&
A 1st
61
29%
34
•'
M-S
Gen
33'A
275
4814
—
*126%"
._1974
Central
{Northern
40%
-
245 '
'7.10
A 1st
A
4s
35%
54'A
Ref
&
84
122
69
84
50%
53%
367
42
53'A
2047
2047
2047
2047
2047
Q-A
50
49 V
1967
F-A
M-S
1944
J-J
5s series C
19%
1 8 '.'H
21
3.299
11
21
Ref
&
impt
53'4
56 VA
1.370 " :
35%
56 VA
Ref
&
impt 5s series D
35%
55 '4
States
ref-mtge 3Vis
'
14
50
.
4 OVA
50
J-J
60 VA
59%
61%
302
50%
61'A
J-J
79
75%
79%
1,346
66 'A
79%
J-J
66
65'4
66%
63
55'4
66%
J-J
66'4
65
66%
155
55 VA
66%
Va
Power Co—
1st &
Northern
88%
83
6s series B__
53%
,35
72%
;
53 VA
1964
impt
M-S
'
232
88%
'
Q-J
Q-F
registered.
;
Ref & impt 4Vis series A
■4
86%
88'A
50
50
Jan 2047
& Id gold 3s
3s
56
35%
Q-J
1997
1997
4s
registered.i
ry
48
50
*54
deposit.
Northern Pacific prior lien
l
t
of
Certificates
M-S
5 5'4
82
F-A
RR.5s A.
1975
53
73
F-A
Southern
1977
55%
3
82
—1954
'
'
>
.1965
81
O-A
series A__
mtge 5s conv inc
Gen lien
{Missouri Pacific RR Co-
104% 105
47
59'A
226
y
*110% 111'A
M-N
81
100
41 Vi
194
54
1967
1,092
%~
F-A
North
129
61
1962
A-0
—
336 ;r
-
3
22'A
*110'A
Co—
Debenture 3%s
355
58
54Vi
56%
Missouri-Kansas-Texas RR—
19'A
M-S
A-0
v
72 Vi
64 Vi
100
lOOVi
■99
19'A
J-J
i
J-J
73A
1%
131
71%
4'A
6 Va
M-S
J-J
#';■ 38
1961
29%
15%
-
16
90
109'A 109'A
Ry 1st gold 4s_1996
North Amer Co deb 3Vis_i
1949
29 %
54
29%
29
698
29'A
29 Vi
166
152
27 'A
J-J
J-J
Ry
4 Vis
mtge
AGen
Norfolk &
tMinn St Paul & Sault Ste Marie
§ A 1st
8
14
M-N
High
147
19'A
1998
2014
1st
{§ ANorfolk
£ A 1st cons 4s stamped
Low
45'A
85
14
F-A
-
January 1
No.
19'A
44'A
Y Telephone
Norfolk Southern
2%
68
6
5 %
5%
y
Range Since
Sold
High
43
F-A
i_i943
Bonds
61
99
G
6%
5s_
gold 5s
,_1967
1946
Niagara Falls Power 3Vis
1966
Niag Lack & Ont Pow 1st 5s-A—1955
Niagara Share (Md) deb 5 Vis
1950
50%
J-J
1937
1937
J940
3'As series B
t§AN Y West & Bost 1st 4'As
60
27%
23
22%
38
'•
•'
—
1st
N
77%
61
v
73
■
gold
ATerminal
63
65
156
{41%
23
49'A
1
50%
4 8'A
§ A General
t
73%
108%
•'?
53 '
62
58 Vi
>•
20
"v
■
{§ AN Y Susq & W 1st ref 5s
§A2d gold 4'As
—
100
57'A
106%
47
73'A
72
107% 108
97
"J w"*.1
'
*99% 100
73Vi
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Low
80%
78
88
*83%
M-S
M-N
J-J
M-S
A-0
J-D
J-D
M-S
J-J
M-N
M-S
Q-F
Period
High
Low
NO.
High
Friday
Interest
.
A; y-Week Ended
('January 1
Sold
Sale Price Bid & Asked
1723
'AAA
'•A■:•■■AV- BONDS
New York Stock Exchange
May -7
Week's Range
Friday
•
New York Stock Exchange
•
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4175
-
'
36%
56
35%
54%
5%
13%
282
36 '4
55%
15
36%
55
710
35%
56
38
55
345
1978
M-N
53%
53%
56
54
54%
4
1949
M-N
12%
11%
13%
1,927
1980
A-O
55%
53%
55%
55
55
55
17
(Minn)
109'A 109%
109%
8.
•
F-A
53%
53%
—
1981
56
55
55
55
'
•
(Wise)
1st
mtge 3 Vis
Northwestern
Teleg 4'As ext
*112
58'A
M-S
1st
A-0
111'A
1965
A-0
113
1966
J-D
1951
i-J
2000
4Vis
mtge
1st
60
mtge 4s
mtge
3%s
5
101%
104'4
20
111%
112%
112% 113
1960
debentures—.
1st
1965
1967
1972
mtge 4s
22
110
113
Ontario
105% 107
F-A
29
103%
107
J-D
111'A 112
Elec
&
Gas
Morris
5s
Tramways
Constr
M
series
M 5s
Constr
gtd 3Vis
1st
Essex
&
ext
1955
.1955
1968
T & T 3'As
.1947
Mutual Fuel Gas 1st gtd 5s
1st
112
329
•31%
108%
*110%
111'4
21
106% 106%
1
102 »A
106%
3
.104%
106%
106
107'4
M-N
1945
5s
;'
106% 106'4
■
*106% 106%
J-D
J-D
J-D
J-D
81 VA
232
68%
J-D
J-D
*103% 104 %
J-D
104 VB 104'4
81VA
1960
J-D
107'4
107 VA 107%
17
105%
107'4
1949
M-S
105%
105% 105%
6
103 </b
105%
102% 102%
11
101'4
103%
103% 104%
39
103 VA
104 Va
.1949
M-S
1965
A-O
1954
F-A
1960
'■
81%
80
81 Va
l
117
Y
__
'
85%
89
89
A-0
1955
J-D
1953
J-J
91
89%
91%
113.
1935
A-0
56'A
55'A
58%
40
1954
A-0
67 Va
66
68%
180
66'A
66 VA
66 VA
35
67%
66'A
67
66%
66 VA
64
66
1966
1960
Paramount
65'A
F-A
91
v
80 %
3Vis
Guaranteed
Secured
55
•
A
%
4s
68
66 'A
49%
66
44'A
61 Va
52%
7i
47 %
■
8
68%
Penna
trust
,
Ref
>
—
■
w
—
.
Conso! gold 4s
—
4s sterl stpd dollar
„
General 5s
,
5r34
67'<
101U 101%
67
99%
101%
1,076
47%
60%
10UJ
A-0
60
A-0
65%
65
67.
327
52%
81%
80 Va
83
698
67'4
83
65
74 '4
87%
69%
Debenture
67
M-N
80%
1952
Y Cent & Hud River 3Vis
1997
3 Vis registered——.—1997
Lake Shore coll gold 3Vis-_-.-_--.1998
3 Vi s registered——1998
Mich Cent coll gold 3%s
—1998
3Vis registered
—1998
secured 3%s
—
60%
59
85%
87'A
79%
86%
J-J
F-A
65'A
F-A
F-A
80%
61
70 VA
36
66
17
65%
66 VA
96
60%
69
F-A
69
65
J-J
61
53
Ref
1st
6s
N
N
series
4Vis
A
66 'A
47%
61
N
Pere
J-D
lien
&
532
64'4
78%
2
100 ?Y
101%
•■(■:■
1965
gold 4s_„r—1951
48
F-A
7 3'A
1947
A-O
1965
ref
A-O
N
Y Gas El Lt H & Pow
109 VA
73%
94
'
N
N
Y
Lack
&
•
13
108
109%
8
109
110
N
Y
L E
&
116%
116
F-A
series
100
W Dk &
70%
70%
71%;'
M-N
77%
77%
'J
:
•<
M-N
1943
Vy 117 VA
112%
111
100
.
50
-■
77%
Impt 5s
116
.
Y
'■
—1973
A
-
21-
r
111'A 111%
M-N
—1973
4s
West
4Vis series B
116%;
J-D
1st
100 4
v
42
104% 105
.91
90%
31
91
1
116'A 116'A
Y
77
100:,4
105
VA
91
57
116%
117%
60
4s
71%
ref
&
»
3s
1970
.
.—.-I960
-1965
1968
.
—1970
1981
of
Called
106'A
109
94'A
96
103 V 2
95%
103'A
55
97%
122
111% 111'4
6
A-O
Apr
F-A
57%
J-J
83%
.
12%
97
56%
36
58
12%
13%
*12%
182
90%
111
44 VA
%
9 7'A
112%
58%
85
156
5%
13%
106%
13
83%
113'A
89%
96 V'B
J-J
1974
106%
72%
64%
85
77%
15
74
73
74%
120
57%
74'A
J-D
M-N
105
105
105%
73
104%
106%
101 aA
101A
5
101 A
102%
F-A
121
121
121
3
118%
121
111
115
108'A
111
J-J
M-S
,
,
77%
101
A
76%
*114%
J-J
J-D
w —
r
110 Va 110%
3
57
J-J
102%
101% 102 %
M-S
111'4
111% 111%
J-J
-M-S
3 2'4
13%
31%
33
159
13 VA
14
266
112
103
20%
8%
33
14
1
104
105%
5
104'4
104%
5
3%
4%
5'A
108'4 109 3 4
269
104%
110'4
106%
105% 108%
497
105'A
109%
105
105%
5%
5%
*3'/4
5VA
—
~—
102%
110%
102
108'4
J-J
J-J
96
v
104'A 104%
M-S
——
10
77%
104'A 104%
M-N
—1937
7
102
102
J-D
_.^1962
—1951
108
50
102 Va 102%
—-1963
debs.
12
96 v
32
95
102%
97 VA
bonds
107'A
102%
111'4
—1971
122'A
101%
102% 103'A
A-O
ref 3 Vis——1967
119%
82
112'4 112 VA
M-S
1956
21
106% 107
95
104%
88%
122'A
121
106%
106 VV 108%
215
96
121
1960
Ry 5Vis
—
95'4
A-O
1984
1st s i 4s
deposit
l%s
Petrol
Phillips
109'A
95 'A
1947
ext—
2%s
Ry
ACertificates
105 VA
102%
100%
debentures
{§ A Philippine
104
102
109
110
coll tr 4V4s—;—1961
&
10
12
108
108
1956
mtge
''
106
M-N
A-O
F-A
J-D
J-D
A-O
B
1st
;105^ A 105 VA
106'A 106 VA
/
103%
108'A
101
M-N
Apr 1990
Co
103%
106%
21
J:
'}105V4 105%
—1948
4'As; series C——1977
Vis series D.;
——1981
Electric
05%.
May 1 1948
Philip Morris Ltd deb 3s
77%
101 VA 101%
Y>::
4
104
VI07'4 108%
3
98 »A
v
-
'
J-J
104%
67
100 A
{Philadelphia & Reading Coal—
y A ref 5s stamped——
1973
AConv deb 6s
——1949
100
..
55 3 8
,
5
;
104%
-1952
Union
4s series
Philadelphia
;
gold 5s.—1948
Purchase money gold 4s_—
..1949
Y & Harlem gold 3 Vis
2000
76 VA
77
4
Marquette 1st; series A 5s
Phila
>■'■
.
3
105
102%
109% 110
4s
Pekin
&
General
65
2 A Vy
% 108%
109
101
86
,49
94
77'
110'A
105
110
3'As.
102%
101
Y & Erie—See Erie RR
N
109'A
>
73%'V.
108
A-0
3V4S series E__1966
3'As series D
72 VA
94
104%
24
-
99%
19
102 VA
„•
7
42
General gold
,.
100 '4
Dock
Edison
78%
102
Connecting RR 3 Vis A
Y
76
100
Y
1st
104
10214
'.
■
105
104
110'/A
109
5
109 VA 109%
*101
98
103 VA
104%
gold 4Vis series C
!—1980
Phelps Dodge conv 3Vis deb
.-1952
Phila Bait & Wash 1st gold 4s._—1943
General 5s series B
1974
90%
77 'A
90 34
100'A
Y
1st
Y
78'4
A-0
9
109
98 Va
108'A
4'/4S series E—
deb
A Income
1st
89
A-0
debentures.
Conv 5% notes-—.——-—
,
90 Vi
M-S
1974
seTiejs C
109
95'4
10
96%
104
series B—
gold 4'As
& Eastern
Peoria
Peoria
101 % 101'A
A-0
1978
1947
1950
5Vis
mtge 3Vis extended to
109
96'A
-
108
Peoples Gas L & C ref 5s—,
70%
48%
A
Gen mtge
66
York Chicago & St Louis—
Ref
104 Va
98
104%
,
1st
New
104%
103
108
General 4%s series D—
Conv
50'A
j
4
.
110%
103%
6
F-A
F-A
mtge 3%s series C
sinking fund 4Vis
4Vis series A
Gen
.
402
impt 5s series C___>—_:_2013
&
N
—
67 %
64 VA
A-O
impt 4Vis series A—
&
Ref
Conv
104%
66%
F-A
109
'.w-~ T'
\
110'4
96
A-O
J-J
1981
1969
1974
:
General
J-J
112
110
J-D
Pennsylvania RR—
i
,.1946
_2013
f—-—t
J-D
M-N
F-A
—1952
1963
debentures—
Cons
10-year 3%s sec s
ctfs D__.1944
ctfs
& Light 3'As_,
Power
4Vis
,
Newport & Cincinnati Bridge Co—
General gtd 4 Vis
1945
N Y Central RR 4s series A____—1998
M-S
....
4Vis series B
50
77
71
68%
68
deposit-
of
Certificates
68
70
A-0
112%
110'A
/—"A
A-O
Pennsylvania Glass Sand 3Vis
1960
Pa Ohio & Det 1st & ref 4Vis A—1977
68%
66'A
51%
L ■"
111
34
*96'A
M-S
1
.1949
91
50
48
_
96
27
Pennsylvania Co—
58%
48
y
2 ■
•
92%
2
96
111%
Y
F-A
1944
Y
41
54
,.
95'4
108 i:
44'A
*60
1954
103
Broadway Corp-
'
1956
•
111%. Ill Va
111
•'
•
.
' M-N
;
.1956
107'A
'
%
99%
J-J
.1955
106%
.
*54
__
109%
28
J-D
Gtd 4s series E trust
F-A
106'A
ni%
J-J
-1955
106%
5
107 Va 107 'A
■
1956
84
V
95 Va
•
A-0
85%
83 VA
J-J
1952
*107%
110'A
108'4 108%
103
-1966
111
109 VA
2
VA
1952
...
109%
109
F-A
1938
80
\y, 77
.
y
.1938
124'/i
V' Y 1 :- V. ':■ 73
85%
J-J
108%
14
"
118VA
122%
'■'v 12"'
109'4 109 %
J-J
108 3 4
6
109% 109'A
102% 103
J-J
82%
70VA
6
80
77
109% 109'4
'
109 %
82%
70
,117.
11
.
.1971
1st & ref M 3s series K
119
26
124'4
124
—
7:V
J-J
97
48
20
80
A-0
1983
1st 4 Vis.
81
so
117% 117'4
M-N
1986
& Light
81%
i;
J-D
1961
Pow
117 %
...
J-J
1952
95
*117
'
•
J-J
1945
79%
*93
J-D
1945
J
104%
M-N
1948
N
80%
F-A
J-J
112 VA
—
—
N
1978
110
108 '/a 108%
J-D
110
109'4 109'A
M-N
110%
107
J-D
1970
46
3
109%
110%
107'A
1946
.
Transmission
100
109'4
8
109'4 110
J-J
..17%
12
■-Vw%.Y
1966
51%
50%
45
111%
106%
18
*109%
1964
44
109%
J-D
37%
35%
y;
'
100
■
1946
44
M-N
209
50
48
.
149
VA
109'4
1946
Ore Short Line 1st cons gold 5s-^_1946
Guaranteed stpd cons 5s
1946
Oregon-Wash RR & Nav 4s
-.1961
Otis Steel 1st mtge 4Vis ser A
1962
93%
89
13
51%
49%
49 Va
M-N
A
4Vis series B
Mountain States
51%
■
'
93%
93%
::
1966
3%s
debentures.-
4s
15
109
--
1961
Montreal
ref 3%s—.
1st &
Power
Montana
V ■•:
*100
~,.~
M-S
Oregon RR & Nav con gold 4s
Oklahoma
Monongahela W Penn Pub Serv—
6s
M-N
1st
14
14%
M-S
Ohio Edison
96%
45
5
59
104% 104%
1966
Monongaiiela Ry 3'As series B
91%
9
95
95
M-N
.
O
J-J
{§AOg & L Cham 1st gtd gold 4s_1948
Ohio Connecting Ry 1st 4s
-1943
t§AMissouri Pacific Ry-—
3rd 7s extended at 4%
July 1938
Moh'k & Malone 1st gtd gold 4s—- 1991
112%
■
6%
{N Y New Haven & Hartford RR•
79
ANon-conv
deb
4s—
1947
M-S
52
49
52
ANon-conv
deb
3Vis——
1947
M-S
48'4
46 %
49
deb
3Vis.
.1954
A-O
48'A
46
49 Va
205
VA
,
deb
4s
1955
J-J
52
49
52
ANon-conv
deb
4s—
1956
M-N
51%
49%
53
ADebenture
AConv
■
'.
49%
52
32%
53 ':
31'/2
49%
J-J
48'A
4 6'A
49'4
6s
J-J
61 'A
58'A
61%
490
37'/4
61%
76%
76
77 VA
373
49 »4
77 »A
1948
1940
A-O
543
8 '/2
21
652
36%
55
•
ADebenture
4s
1957
—
& ref 4Vis series of
1927
1967
M-N
20'A
J-D
53
17
52 VA
21
,
r
55
4s
1954
y,
N
AGeneral
Y
&
4s
Putnam
1st
N
Y Queens El Lt
N
Y Rys prior
N Y Steam
For
cons
gtd 4s_
1992
M-S
1955
{AN Y Ont & West ref gold 4s
M-N
J-D
1993
A-0
& Pow 3Vis_—-1965
1958
J-J
1st 3%s
1963
J-J
footnotes
see
page
1724.
97 VA
11
6
56
M-N
lien 6s stamp
Corp
VY
90'A
11'A
374
6%
6 '4
279
2
97'A
10'4
4
54%
*110
106
52
d95%
106
t
33
57
V.
106
108% 108'A
98
12'A
6%
57
110
110%
...
—
41'A
1
111'/a
105:
106
.
?
106%
Seri is
4s
4s
Series H
%
Series I
Series
108%
J
guaranteed gold
guaranteed...
cons
cons
1953
1957
guaranteed 4s_—1960
1963
guaranteed 4'As—1964
4'As
cons
M-N
J-D
A-0
A-O
Va
&
Char
Pitts & W Va
1st 4s gtd~
1st 4'As series A
1st
mtge 4'As series B
—1959
1st
mtge 4'As
series C
1960
J-J
M-S
J-D
J-D
110
111
*111%
111'A
11178
*113
112%
114
119%
121
121'4 121%
1
119'A
121%
111% 111 Vi
2
105%
111'A
111'A 111'A
3
105
111'A
109
*121%
F-A
M-N
1943
1958
Pitts
108
*111%
F-A
J-D
A-O
mtge 5s series A
*105
M-N
F-A
J-D
M-N
1970
Gen mtge 5s series B
1975
Gen 4'As series C
1977
Pitts Coke & Iron conv 4'As A——1952
Pitts Steel 1st mtge 4'As
1950
1st mtge 4VAs series B
—1950
Gen
.1.
{AHarlem River & Port Chester—
1st
F
Series G
/
certificates 3Vis—__ 1956
deb
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed
1945
Series E 3'As gtd gold—
—1949
'
197
§ A Collateral trust 6s
A 1st
49
33
273
;
52
31%
31%
v-
376
ANon-conv
.
34
101
ANon-conv
105'A
105'4 109
14
100
99%
99% 100
9
95
100%
3
98'A
100%
98'A
99%
100'4 100 %
*98% 100
*101 %
61 %
60'A
62%
62
60'A
62
61'A
60'A
62
55
64
8
53 'A
63%
32
53%
64
34
THE COMMERCIAL & FINANCIAL CHRONICLE
1724
Monday, May 10,1943
NEW YORK BOND RECORD
Friday
BONDS
New
York Stock
BONDS
Last
Interest
Exchange
May 7
Ended
Week
or
Low
J-D
Pitts Young & Ash 1st 4s ser A—1948
1st gen 5s series B
1962
—
El
Potomac
1st
1966
3%s.
--
94
—1956
1968
4s
Public Service El & Gas 3%s
1st & ref mtge
1st
,-1972
2037
2037
3s
5s
&
ref
mtge
1st & ref mtge 8s
—
Public Service of Nor III 3%s;
& Pacific
Gen
1st
Interest
Period
7
gold 5s
&
ref 5s
Gen
90
2000
ref 5s series B
&
Gen
—•
77'.
Friday
Exchango
May
&
J-D
—..1977
ref 5s series D
series C—
1979
83%.
106
1 >
108%
82%
84%
83
81%
83%
93
67%
83%
A-0
82%
83%
109
67%
99%
16%
20ViV
>M-S
*93%
7
95%
106% 107
J-J
±
110% 110%
M-N
67
71%
184
62%
71%
A-O
29%
27%
30%
573
21%
30V'4
AAdj income 5s_.
Jan 1960
....
Tol & Ohio Cent ref & impt 3%s__1960
99%
147% 147%
1st 4s_,
1950
Toronto Ham & Buff 1st gold 4s._1946
93%
Trenton Gas & Elec 1st
.
*107% 109
1
145%
9
220
109%
104%
106
J-D
*102
*
M-S
*116
J-J
1949
1953
;V
111
Tri-Cont Corp 5s conv deb A
*107%
A-O
_1971
M-N
1945
A-0
13%
1959
F-A
104%
1967
J-J
J-J
32
88%
97
89%
143
78%
89%
.1947
87%
89%
49
89 y4
89 Vi
:
,
105
.1960
M-N
J-J
105
104% 105
92
96%
102%
104%
104%
100
101%
66
80%
79%
81 Vi
193
46
43%
47%
336
1967
M-S
1967
M-S
...
.1969
M-S
—
.1949
:/■ J-J
12%
12
12%
52
9
1941
J-J
13%
12
14
79
9%
*111%
58%
U N J
33
States
Serial
w
Steel
1st 4s„—1947
Island
2d
J-J
Nov
- •
108%
498
A-0
*60
7;"'
'J
*
2.15s
;
35 Vi
.
;
M-N
85
*ASt L Peor & N W 1st gtd 5s
70
M-S
St L Rocky Mt & P 5s stpd
1948
——1959
1955
J-7
St L Pub Serv 1st mtge 5s
1 ASt L-San Fr pr lien 4s A
—1950
J-J
ACertificates
of
deposit
ACertificates
A Cons
of
1950
deposit—
M 4%s series
ACertificates of
1978
87%
7-
95%
44
3
•
—
65%
—
36%
;
94%
98%
98%
I031i
36%
39%
36%
39%
36%
37%
38 y4
-
36
4s inc bond ctfs
M-N
93
921/2
-t
Nov 1989
J-J
1952
1990
St Paul Si Duluth 1st cons gold 4S.1968
tASt Paul E Gr Trk 1st 4%s
1947
t§ASt P & K C Sh L gtd 4%s
1941
St Paul Union Depot 3%s B—
1971
Schenley Distillers 4s s f deb
—1952
Scioto V & N E 1st gtd 4s
—1989
J-J
65
J-J
48
A 2d
{A 1st term & unifying 5s
a Gen & ref gold 5s series A
38%
101%
M-N
M-N
101% 101 %
1
11950
101% 101%
2
101
101%
M-N
101% 101%
2
101%
102
101% 101%
13
101%
101%
101% 101%
5
1 1953
Nov
1 1952
1 1953
fSeaboard Air Line Ry—
8 A 1st gold 4s unstamped
§ A4s gold stamped
a Adjustment
5s
5 A Refunding 4s
ACertificates
A 1st
6s
cons
of
1950
1950
.
Oct 1949
1959
deposit—
1945
series A:
ACertificates
of
deposit—
...Nov
Oil
501/4
720
2714
85
1951
1944
1st
86
15%
20
6%
90
31
397
17
101%
105
&
Power
s
cons
4s series A
g
f 4s series B
Coal & Coke
3s
cons
5s
4s
20
1st mtge 4s
31
4s
Pac
A Gen
104
10-year
t A Wabash Ry ref & gen 5%s A
ARef gen 5s series B——
——.
_—___
Devel
&
Devel
Mem
5s
Pub
Serv
29
271/2
463
1948
26%
28%
145
29 Vi
27%
30%
1.477
15
30%
Warren RR 1st ref gtd gold 3%s__2000
29
27
29
101
14
29
31
55
Washington Central Ry 1st 4s_
..1948
Washington Term 1st gtd 3%s____1945
157/a
30
49%
615
27%
4%
14
Walworth Co
14%
30%
Warner Bros
13%
mtge 4s_
;
Pict 6s debs..;
28
28
7
17 ii
100
100
100
113
98%
100%
Westchester Ltg 5s
Gen mtge 3%s:
J-J
101
101
101
4
(9%
101
West Penn Power 1st 5s E
*42
46
49
192
1st
-
A-0
F-A
40
1st
44
103
*103% 103%
101%
104
105% 106%
105%
A-O
--
123
123%
*123
A-O
J-J
106%
J-J
104
108
J-D
—
108
1955
-'
94%
94%
A-O
-
103
1
108
107%
42 -U;'
*93%
94%
F-A
*104
•
-
-
J-D
1967
J-D
1963
M-S
1966
&
Maryland 1st 4s
ref 5%s
J-J
_1952
tAWestern
series A
119% 119%
6
119%
120
109% 109%
109%
7
108%
110
*111%
Ill
Pacific
1st
5s
ser
30
105%
103%
104%
91%
91%
91%
79
98
98%
27
70%
69
70%
com
90
231
72%
fis
'
93%
95
99%
244
36%
70%
36%
70%
84
94%
M-S
70
M-N
94
90
1951
J-D
92
I960
M-S
90
1951
M-N
%
West Shore
2361
J-J
60%
59%
61
79
43
2361
J-J
55%
55%
56%
53
41%
1954
J-D
*103% 104
M-S
*111
1st 4s guaranteed
86%
7
69%
351
54%
69 Vi
66%
335
55
69
70%
420
93%
94%
70
91%
93
89%
90
M-N
64%
63
65
423
53%
65
West Va Pulp St Paper 3s
M-N
63%
62%
64%
Wheeling & Lake Erie RR 4s
98% 100 Va
76
-
87%
127
94%
83
*101% 101%
91
101%
101%
66%
68
86
Registered
..1949
774
52%
64%
1,183
93%
100 Va
M-S
96
95%
96%
40
87%
96%
Wheeling Steel 1st 3 Vis series B
Winston-Salem S B 1st 4s
1966
A-0
1960
j-j
J-J
86%
84%
87%
588
70%
87%
t A Wisconsin Central
1949
82
82
82
.
J-J
100
J-J
_
J-J
101%
A-0
36
"7; 79%
78
J-J
J-J
J-D
J-J
80
96
96%
38
98% 100%
100%
107
*92
98
98
207
927/a
•
99
31
107
4
49%
107%
6
108% 108%
-108%
23
49%
92
■
68%
87%
82
102
80 7
96%
92
100%
84
'
111% 111%
',7.107
M-N
82
152
101% 102
A-0
A-0
93%
89%
ACertificates
of
1st 4s
of
111%
'
7.—
:
•
deposit..
Wisconsin Elec Power 3Vis
Wisconsin Public Service 3%s_
A-0
1971
J-J
V
—
J-J
F-A
J-J
J-J
—
51
19
41%
52
10
102%
104
13
104%
-
■
•
111%
•
-
~
104% 105
13
104%
47%
64%
59%
21%
111
111%
10
110%
111%
17
107
5
20
108%
20
•
.
25
111%
•
_
_
:
47%
7^U
•
-
60%
14%
7
196
23
15%
21%
lAWor & Conn East
1st 4Vis__
7—
•
' ' '
20
20
105%
101%
106% 111%
61
10
103%
Youngstown Sheet Si Tube—
102%
Conv deb 4s
1948
M-S
I960
M-N
103
98%
103%
40
101%
98
98%
48
95 Vi
103%
99
105%
6
103%
*125
—
—
"l
111% 111%
3
*103%
111%
-
1950
F-A
92
91%
A-0
105%
1$5% 105%
1965
M-N
1943
J-J
59
92%
22
22
105% 105%
*97.16
__
..
120
105%
d Ex-Interest,
In the year's
e
Odd-lot sale not
r Cash sale
range,
121%
104
110% 113
103%
"
1959
105%
'
90%
115%
106
105%
104% 104 %
•
223
60%
110%
s
20
J-J
.1943
88
108%
102% 102%
IS-N
59%
109 Vi
114%
—
*-
-
21
...
..1968
22
108 % 108 Vi
■
M-N
__
89 Vi
?
104V4
107%
104% 104%
no
M-N
59%
'
1st 4s___1936
7*.
•
*115%
__
56 V
103
112%
106
107%
105
•
88%
89%
J-J
deposit
§ ASu & Du div & term
ACertificates
.
;
61
99
103% 104
104
J-J
1956
1953
gold
84%
1946
63%
1974
3s
112
1950
Teleg gold 4%s
85%
.1944
Texas & N Q
111
110%
1
M-S
A...1946
A5s assented
Western Union
66%
..1945
A—_
111
98
1st mtge s f 3%s series D
o
106
107%
27
64%
.1951
/2
.'
'
68
1961
o
..
J-J
a Deferred
delivery sale not. Included in the year's range,
Included in the year's range,
n Under-the-rule sale not included
not Included in the year's range.
uuinu
104
—
A-0
1977
M-S
J-J
v
95
103%
'
*104
F-A
1950
stpd gtd
M-3
1953
*
45
88
/
-
.
•
25-year gold 5s
30-year 5s
Westinghouse El & Mfg 2%s
108%
106% 1071/4.
88
J-D
«/
104
31
30
102% 103
28%
96
102
18
95 V4
"
'
1961
Company 3s deb—debentures—
27%
91
—-
*38
Q-M
1945
mtge 3%s series I
Western
103% 104
:
89%
F-A
Texas
30
25%
—
106%
103% 1041/4
A-0
Apr
f
1
104V4
104%
J-J
1966
s
;7V
'
40-year guaranteed 4s.
*
F-A
Standard Oil N J deb 3s.
refund
31
26%
•••
27%
29%
J-J
ASpokane Internat 1st gold 4Vis„2013
Gen
rif
V
F-A
1968
-
—
28%
1st
55
1964
Swift Si Co 2%s debs
45
50
140
—
27%
F-A
28
25
28%
4s———1972
debenture
94%
52
26%
■
—
;•
M-S
28 V8
Stand Oil of Calif 2%s debs
2%
%
44
34
27%
M-S
1975
A-0
1951
Studebaker Corp conv deb 6s
Superior Oil 3Vis debs
83
250
503
14
—1996
Southwestern Bell Tel 3Vis B
1st & ref 3s series C__
Southwestern
100
51%
41%
10%
1956
6t Louis Div 1st gold 4s
85
110
49%
12%
1956
gen 6 Vis
Div 1st gold
72%
108%
39Vi
F-A
261/2
1956
6s
gen
94%
94
94%
A-O
51%
..1994
St
12
51%
1955
South Pac RR 1st ref gtd 4s
Southern Ry 1st cons gold 5s
Devel & gen 4s series A
93
22
84%
108% 109
108%
40%
1976
27
—1946
1st 4s
83%
:
92
Apr
ARef Si gen 4%s series C—1978
ARef Si gen 5s series D_
..1980
1981
Stamped
'
1950
secured- 3%s_.
84
.100
Apr
1981
.1969
San Fran Term
85%
107%
*92
J-J
1971
..1991
1968
Gold 4 Vis—
79%
104%
106
124%
series A
1977
Gold 4Vis..
__
86%
*106% 107%
M-S
F-A
1949
A—
—
112
*85%
A-O
1966
mtge 4s inc series A
55
Aug 1949
registered—
Ill
.
1979
1st 4%s (Oregon Lines)
112
50
1962
Gold 4 Vis
110%
'108%
111
M-S
F-A
J-J
48%
.1947
coll)
11
*108%
M-N
M-S
AGen mtge inc 4Vis ser B
103%
Pacific Co—
(Cent
99
1958 i
...
Southern
99%
97 %
1968
.
M-S
—1963
debentures
100
97%
52
W
1st
Southern Colo Power 6s A..
93%
45
99
1957
1st gold 5S..1949
F-A
1964
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3y4S—
18
99%
98%
48%
-1950
Socony-Vacuum Oil 3s debs
98%
99
A-0
1952
Skelly Oil 3s debentures
98
99%
49 Vi
1941
Simmons Co debentures 4s
'
102
103%'
98%
F-A
1955
.
series B
.1961
2%s sinking fund debentures
t§ASilesian-Am Corp coll tr 7s
103%
F-A
48»/2
30 Vi
101%
102
102
__
102
102
A-0
"
49 %
M-S
103
102%
101%
A-0
1944
Light 1st 5s
A-0
:■
101 %
..
Wabash RR Co—
123
14
105
*124% 125 Vi
*101
M-N
101%
101%
*101%
M-N
1954
2%s debs
M-N
*501/4
28%
M-S
*101%
66%
*102% 103%
M-N
M-N
1 1954
—
1935
series B certificates.,
Union
82
46%
—
101%
M-N
May 1 1954
1935
t A Seaboard All Fla 6s A ctfs—
A 6s
19%
28%
-
tiAAtl & Birm 1st gtd 4s——-1933
Shell
J-J
F-A
M-N
:;7.
101%
;
67
202
">85%
A-0
f:
94'A
82
66%
# 441/2
J-D
99%
101%
101
Virginia Pub Serv 1st mtge 3%s—1972
Va & Southwest 1st gtd 5s
..2003
39 %
81
5
99%
._
101
Nov
Va Iron
38 %
85%
23
93%
*99%
—May 1 1952
...
Va Elec & Pwr 3%s
39%
64V4
S
102
101%
Virginian Ry 3%s series A__—
fSt Louis-Southwestern Ry—
1st 4s bond certificates
——1989
102
*101
May
Cons
36%
19%
■
*101.29 102%
--
M-N
1 1943
1 1949'
United Stockyards 4%s w w
Utah Lt & Trac 1st & ref 5s
35%
19%
2,118
v,.
70%
20%
34
M-S
78
20
487
38%
-
107
95%
19
49
36%
Fs
106%
96
88
18%
1,141
35%
deposit stpd
1
42
*101% 101%
w-———-Nov
Vandalia RR
33%
33%
106%
98%
Utah
73
35 Vi
38'/a
106% 106%
103
102%
108
103%
2.65s- w———....—May 11955
—
91 '''
80"%
34 Vi
J-J
106 Vi
87
78%
:
166
*76
20
107%
77%
.
70%
95
J-J
97 Va
98
.—May 1 1950
——;
2.20s
102%
55%
77
262
69
—
A
87%
*82%
-
APrior lien 5s series B_
d85
Vi
109%
97'/a
20
107% 108
107%
v
2.35s
107
-
—
tSt Louis Iron Mtn & Southern—
ASRiv St G Div 1st gold 4s
—1933
ACertificates of deposit—
107%
31
M-N
—..Nov
-
'
13 Va
14
99
«—
—
79
103
102% 102%
:
•
102
..May 1 1949
2.10s-—
108%
22
12
-'I-
108% 108%
102
7
M-N
2.05s
'
*63%
1996
gold 6s
*106%
1996
St Lawr & Adir 1st gold 5s
J-J
■
Corp—
2.60s
St Jos & Grand
103%
—
•
102%
100%
98
2.55s
102
13%
105
5
103
2.45s
A-0
112%
9%
103
debentures
1.125s
•
35%
13
A-0
1944
United
47%
124%
__
*108% 108%
28
M-S
2.40s
1960
110%
1
13%
A-0
2.50S
Saguenay Pwr Ltd 1st M 4%s_
106%
81%
27
124%
■
__
•
'
105%
__
1952
'
34%
117
.1955
97
J-J
f.M-S'1-'
117
1953
I".':--- '
A-O
1934
■
102
105%
M-S
■■
J-D
101%
97
*124%
1980
103%
12
103
M-N
101%
.1977
/
96%
98
91
__
111% 111%
A-0
1971
11
.1949
•—
87%
100%
104% 104%
108%
1970
43
37
105
*99% 100
J-D
13
103% 103%
105
78
41
103% 104%
—
31
Pacific RR—
96
87%
103% 104 Vi
3%s series H
Gen mtge 3%s series I
Gen mtge 3 Vis series J
$§AR I Ark & Louis 1st 4%s
$ A Rut-Canadian 4s stpd
t§ ARutland RR 4%s stamped
Union
95
89%
105
Gen mtge
debentures
96
\
96
97%
102%
U
Union Electric Co of Mo 3%s__
3s
\J-J
J-J
96%
96%
A-0
111%
6
gold 5s
95%
J-D
■
221
2
■■■■<:
105% 105%
104%
& coll trust 4s A
83%
108
147%
F-A
cons
103%
107'A
111
105%
110%
220% 221
J-D
110
106%
M-N
Alst
88%
71
20%
4
M-N
Roch Gas Si El 4 Vis series D
84%
J-J
91
J-J
A-O
f§ARio Grande June 1st gtd 5s.. .1939
$§ ARio Grande West 1st gold 4s. .1939
68
1960
1st ref 4s
7
184
95
1956
Revere
137
M-S
Tol St Louis & West
Remington Rand deb 3 Vis.—.... .1956
Republic Steel Corp 4Vis series B. .1961
Purchase money 1st M conv 5 Vis 1954
4%s series C
Copper & Brass 3 Vis
■
High
111
1964
109%
R
Gen mtge
101 %
Third Ave Ry
106%
r~"
20%
•
J-J
1997
Low
23
J-D
t§AUnion Elec Ry (Chic) 5s._
Oil of Calif 3s deb.
__
January 1
No.
...1980
Union
Gen & ref 4%s series B
Range Since
Sold
109% 111
..
A-O
•;
Bonds
High
Tex Pac Mo Pac Ter 5%s A
96
2
98%
J-J
M-N
1968
Reading Co Jersey Cent coll 4s— .1951
.1997
Gen & ref 4 Vis series A
Week's Range
or Friday's
Last
Sale Price Bid & Asked
*111
1948
Purity Bakeries s f deb 5s
Texas
119%
109% 109 Vi
109 Vi
Stock
Ended
Low
108Vi
106% 106 %
,
Week
: J-/
<
95%
'
1A Providence Terminal
108
'
New York
High
118%
■
.
■
'
•
J-J
lAProvidence Securities 4s——1957
Low
—:
F-A
.___.1951
Pressed Steel Car deb 5s
No.
•'
94%
J-J
1977
M
1st
Pwr
mortgage 3 Vis—
January 1
*107% 107%
"
.
•
M-S
1950
1st 5s extended to
-
•V'.
J-D
C
Range Since
Sold
High
*119%
J-D
1977
Portland Gen Elec 1st 4%s_——-I960
gen 5s series
1st 4%s series D
•
.
F-A
1974
1st
Bonds
Friday's
Sale Price Bid & Asked
Period
89
105%
105
92%
105%
§Negotiability Impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued Interest payable at the exchange rate of $4.8484.
^Companies reported
as
being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such companies.
105%
106%
•Friday's bid and asked prices;
1001 \
101 Vi
A Bonds
selling flat.
no
sales being transacted during current
week.
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4175
Volume 157
1725
NEW YORK CURB EXCHANGE
WEEKLY
In
footnote
a
in which
the week
in
security, whether stock or
to include every
York
Curb
Ended
Week
Last
Exchange
May
Sale Price
7
Wire Co common
Acme
Aero
B
Ainsworth Mfg common:
Air Associates Inc (N J)
Aircraft
Accessories
Investors
Air
Warrants
Southern
1
Products
Allied
Class
A
(Mich)
conv
Goods
Ltd
Aluminium
common
3
27%
Book
100
■}i
2,400
2%
2,200
83%
85%
3l2
Apr
Mar
3
85% May
100
72
Jan
50
102
Jan
107
Apr
99% 100
50
Jan
100
May
91%
—
—
110
Apr
3%
~9
100
25%
26
450
24%
Feb
26
200
24%
Jan
29
9
26
"
—
4
9
Apr
May
Mar
May
~9%
100
9%
9%
112
115%
107
114%
50
107
50
1%
29%
400
32%
1
1%
31
1,300
2,230
Jan
6
16
Jan
13%
10%
Apr
Jan
120
108
Mar
.....
1%
Jan
%
20%
Apr
1% May
% May
•
•
1
21%
Gas
1
25
25
1
10
10
Light
American
preferred
6%
Seal-Kap
Jan
5%
1%
1 %
1%
15%
Jan
7% May
3
33
ft
Feb
75
800
44%
Jan
11
400
10'% Mar
Apr
3%
ft Jan
7,300
Apr
39%
40
37%
Jan
39% Mar
8.700
36%
Apr
40% Mar
Jan
1% May
1%
%
Jan
Jan
3%
Jan
1,650
104% 107
2,000
100
35
40
40
-
6
5%
35
40
17
Jan
19%
93 %
17
27%
12
14,900
1,125
16%
25
16%
26%
%
59,500
'
25
H 00
Mar
30'%
Jan
31
Jan
200
14%
Jan
18'%
Apr
1,950
12%
Jan
50
11%
Jan
—
Rubber Co
Bruce
(EL)
14
;;
'
Co
13
15% Mar
14% Mar
2
200
16%
16
•
18
Apr
105
Apr
2
May
Jan
■
16% Mar
2,800
7%
Jan
13.700
$3
Inc
preferred
Burrv
(PA)
15%.i Apr
400
10%
V 82
Jan
89
Jan
93
12%
13%
1,500
9%
Jan
13% May
26
31%
125
Apr
31% May
—
-
1%
25C
common
1%
2%
25
100
2%
2%
12 %c
Biscuit
Butler
15'%
88
12%
•
Corp Am dep rets
Corp
Burma
14%
88
•
2.50
Sullivan
&
2,300
—>,
6
1'% May
ft Jan
%
Jan
2%
2%
■
Feb
5% Mar
41
Jan
Mar-
Apr
Cables
1%
600
ft Jan
1%
Apr
1%
2,400
ft Jan
1%
Apr
3%.
iy81
'
50c
certificates
trust
Voting
1%
50o
Cable Electric Products common
Apr
3%
Apr
Wireless—
&
17
50
13%
Jan
18
27
1,650
20%
Jan
27% Mar
16%
16%
17%
4,100
13
Jan
17 Va
Apr
26%
26 %
26%
200
25%
Feb
26%
Apr
ii-w:'"
38%
39%
650
25
Jan
39% May
Camden
88
88
10
80
Jan
88
pfd—100
Canadian Car & Foundry Ltd—
May
n
1,300
%
Jan
Jan
24%
Jan
57
24,600
23%
20 %
45
U
22%
~9%
10%
5,500
5%
Jan
4%
~9%
4%
400
2%
Apr
Apr
May
36 Vs Mar
17
%
Apr
May
25%
23 %
Mar
10
14%
preferred
preferred
Hill
Bunker
17
;
Feb
6 %
Jan
9%
9%
;.
ft Jan
..
9%
_
Feb
Jan
5
•
Apr
14
14'%
'
-ft
3
3% Mar
:
Jan
5'%
80
8,400
1%
1%
1
5
...
50
Jan
Mar
.12
1,300
16%
100
100
-
y
Feb
1%
500
100
15
1
common
3
13
2%
1
•
common
1%
'
10s
Niagara & East Power-
1st
Burco
14
14
—
Buflalo
$5
18%
17%
^00
——
26%
25
25
May
11%
27% May
107%
28% Jan
33
Apr
75
./-J
preferred
Brown
Apr
32%
Jan
1%
10%
•
Apr
7% May
69
...
5'% May
79%
Jan
2%
2.300
»
Jan
1,350
7% Mar
•
7.200
14
Brack Silk Mills Ltd
40 %
104%
10
2
common
Jan
7%
—
Buckeye Pipe Line
39%
1%
common
Republics
American
2
61
•
5%
•
Feb
37%
Preferred
American
9,200
Apr
Mar
11
:
•V.V.i'-.-v
Forman Distillers
Feb
39%
100
100
—American Maracaibo Co.
1
American Meter Co
•
American Potash & Chemical——
Co
Mfg
American
Jan
Ltd—
22
,
39
Corp
& Trac common
Jan
20%
Jan
7%
3%
6%
——£1
preferred
A
$1.60
"2%
"2%
common—10c
$2 convertible preferred.,
1
$2.50 convertible preferred
1
American Hard Rubber Co—
25
American Laundry Mach
20
General
2,300
15%
100
preferred
4% %
American
Jan
~7%
x32
32
•
10
common
Electric
11%
3,200
..
83%
Jan
32 %
"7%
"7%
200
21%
12%
82
21
& Light—
& Hoe
&
11.000
5%
4%
—
dep rets ord reg
Class
$6
7
Fork
Mar
••
•
Brown Fence & Wire common..
Brown
Jan
American
Apr
2
•
Celanese
Amer
Apr
Jan
American
9
Jan
7,800
—w
~
dep rects ord bearer
dep rets ord reg
Mar
33
Jan
Jan
—
Jan
'
5%
•
A
British
Mar
Jan
86
103 %
ft Jan
6% £
•*
_
Am
16
Feb
%
2%
%
10%
71
preferred
Mfg Co common
Am
16
Feb
7% Mar
600
20 %
5%
Tobacco-
Apr
112
%
Cyanamid class A
Class B non-voting
American Foreign Power warrants
1%
10 :■*
•
American
128
Jan
%
Class B
%
1 %.
18%
*
class A
British
Jan
106%
4%
American
Jan
3%
•
Oil Co
105%
500
A
6
200
•
American
1,300
1,000
Class
1%
•
B_
Class
1,050
3,500
A
7%
110% 111
%
class
200
10%
100
Corp
Brillo
122% 123%
1%
Convertible
7%
20
5%
Machine
Bridgeport
110%
7
Power
28
V2
1
Bridgeport Gas Light Co
123
ft
Cities
66% May
Jan
7%
*
Lgt & Pwr_.
British
1%
American
6'% May
Apr
23
Mar
6%
.£»
preferred
Corp common
Brewster Aeronautical
28% Mar
26
"9
•
10
%
prior preferred
American
Central Mfg
Feb
46
50
••
Breeze
Feb
4%
Jan
1%
preferred
700
220
t
"
Box
$5.50
2d
$5
6%
66'%
27'%
5
•
•
Brazilian Traction
High
13'% May
Jan
6
3,400
59
*
»
common
Low
13'%
preferred
1st
Class
"T*
Common
$3
7%
Range Since January 1
27%
6%
66 %
100
_
Preferred
Capital class A common__10c
class B
10c
common
_
Inc
Bowman-Biltmore
Brill
American
Co
preferred
Shares
High
12%
Scrymser Co
Bourjois
34% May
Jan
1/64 Mar
1% Jan
American
Board
*
Co common
(H C)
1st
Borne
May
105% 106
—
100
Co
34%
2%
85 %
100
—1
American Beverage common
American
4% May
Jan
7%
13
,
'
106
*
*
•
Mfg
preferred
6%
Feb
1%
'
100
•
•
_•
Industries common
Aluminum
1%
3,500
34%
~2%
100
preferred..
Aluminum
31,300
3
25
common
Aluminum Co common
6%
8% May
4%
1
•
Investment
Intl Investing $3 conv pfd
Allied
Jan
2%
100
Fisher Inc common.
&
Alliance
5
3%
50
_
preferred!
Allegheny Ludlum Steel—
7%. preferred ----———
Alles
2,100
3
3
preferred
$6
8%
~4
10
Appliance
Power Co $7
Alabama
1,000
Apr
50c
preferred
Great
Alabama
Jan
8%
;__2
;
Electric
Air-Way
Apr
5%
Jan
1/64
Convertible
Bohack
21%
Jan
8%
1
Corp____
Feb
4%
5%
—
for Week
of Prices
Low
•
(S) & Co
Blumenthal
7%
8%
5
common
20%
Apr
20
4,900
"5%
May 7
Sales
Range
Last
Par
8%
II
~5
"5
1
-
Feb
Week's
Friday
Sale Frice
High
17
.
1
Supply Mfg class A
Class
•
Exchange
Ended
Week
Range Since January 1
LOW
10
Curb
New York
High
Low
Par
Curb Exchange for the week beginning on Saturday,
the Curb Exchange itself, and is intended
record of the transactions on the New York
STOCKS
Sales
for Week
Shares
Week's
Range
of Prices
Friday
STOCKS
New
week, and when selling outside the regular weekly range are ahowa
(May 7, 1943). It is compiled entirely from the daily reports of
bond, in which any dealings have occurred during the current year.
Friday
present
the
ending
and
1,
they occur.
extensive list we furnish a complete
In the following
May
RECORD
AND YEARLY
disregarded in the week's range unless they are the only transactions of the
No account is taken of such sales in computing the range for the year.
and deferred delivery sales are
NOTICE—Cash
jjj May
Jan
E
Apr
Mar
10% Apr
4% May
dep rets 5%
American
Corp
Tungsten
Fire
Insurance
Jan
5
6
6%
7,000
1%
Jan
6%
3%
3%
3%
3,900
1%
Jan
Apr
3% Mar
*.5
Assn
participating preferred
Industrial Alcohol—
7%
Feb
3%
6
Cement Co Ltd 6%%
Canada
~:
Power
Electric
California
Callite
£1
20
10
1
pfd
Sugar Estate
Calamba
23%
Feb
26%
Apr
3%
Jan
4%
Apr
3
25
Jan
3% Mar
Canadian
Class
A
•
voting
Class B non
•
voting
Canadian Industries Ltd—
Line
Atlantic
Canadian Marconi
13% May
Capital
3%
300
3%
Jan
3% Mar
4%
5
3,100
2%
Jan
5
Mar
4%.
3
5
9,300
2
Jan
5
May
1%
2
400
1%
Jan
2%
12
200
8%
Jan
12
Apr
$6
540
97%
Jan
106
Feb
Carrier
12
12
60
Jan
3%
3
3%
11,400
1%
Jan
3% May
3%
3
4
46,600
1%
Jan
4
9%
10
90%
91
15%
16%
8%
8%
400
6 %
6 %
4,000
May
6%
Products
10 %
Apr
Castle
40
88 %
Apr
92
Mar
Catalin
2,800
10%
Jan
16 % May
Central
5%
Jan
8% Mar
4%
Jan
Jan
%
Feb
Feb
Mar
109
~5%
37
1%
75
Feb
Mar
111%
Jan
2%
102
Jan
106% May
8 %
Jan
8%
Apr
17%
1,300
15%
Feb
18%
America
& Elec com..
5%
8.200
2%
Jan
5% May
4%
4%
4%
200
3%
Jan
5%
5,000
—-or
•
—
'
Corp
May
Jan
10
May
Jan
19%
Apr
Jan
4%
Feb
6
Jan
8%
Mar
114%
Jan
150
84%
Jan
500
7%
Jan
6.300
600
90%
91
88%
9%
9%
102 %
125
1%
102
9%
102
22,700
%
9%
3,400
10
>
Apr
ik
11%
Jan
Jan
9%
Jan
80
Jan
76%
550
64%
Jan
6%
6%
6%
325
5%
Jan
18%
16%
24%
2,825
76%
74
i6
9
Feb
106
1 % May
4%
50
100
100
Jan
Apr
9% Mar
10% Mar
4%
11%
93
Jan
100
1*"7
~7
114%
Jan
125
—
1
Mining
13% Mar
2%
4%
Cherry-Burrell common
Consolidated
8
6%
8%
10
common
7
900
3%
1
Charis
8
10
8
9%
Feb
8%
102
7% pfd
Utilities
Apr
Mar
Jan
4
100
West
7%
43
7%
8%
.50c
Cessna A rcraft Co
1
Chamberlin Metal Weather Strip Co__5
Light
&
Power
& South
/
200
15%
10
1
•
Central Maine Power 7% preferred.100
Central New York Power 5% pfd—100
Central Ohio Steel Products
1
Central
Mar
6
Mar
7
Apr
11% May
100
7%
Apr
%
Mar
Jan
Mar
Apr
76 % May
24% May
Feb
3%
10
13%
111%
12%
'
Chief
Apr
106% 106%
12%
2% May
Apr
42
110
106%
6% Mar
6%
38
8%
Voting
Tobacco
Patoka
class A
com__10
20
.
80%
78%
100
8%
18
7%
5
25
7%
6
700
80%
4%
16%
Apr
9% Mar
Jan
50
20
Jan
20%
Apr
40%
Jan
80% May
5%
4,470
.
1
Collieries
Babcock & Wilcox Co
Jan
7% Mar
<•
24
22%
24%
6,200
6%
36,900
2%
Jan
1.450
29%
Jan
Jan
19%
Jan
24% May
7%
Baldwin
Rubber
.30
Co
Barium
Stainless
Barlow
&
(L)
$6
60c
6%
6%
400
•3%
2%
3%
9,300
%
A
common-
9%
..5
"5%
"5%
5%
1,300
...1
Hedges
Controller
5
Mar
Jan
136
Apr
Jan
45
Jan
42
fori
35 % •.Trxrj
"u
11%
11 %
l
14%.
14%
l
2%
footnotes
23,600
■
50
see
preferred—I*
page
%
•
14% May
Jan
9% Mar
Jan
23
12 May
12%
Apr
500
42
2%
42
15%
9.400
2%
16% Mar
Jan
2% May
42%
450
38
'/H
1729.
*
Jan
45
Coke Secur common
Biscuit
Co
Feb
series B preferred
preferred series C
Consolidated Gas Utilities
4%
May
*
90
May
86
82
86
510
73
Apr
86
May
*
•
100
•
•
•
8%
>
—
-
8%
3,100
16%
50
ft
%
4%
Jan
6'/4
7%
16 %
8
Feb
3,700
«.«*
0
Iff
Jan
13
%
5%
4
32%
31%
32%
1.225
12%
13%
3,900
10%
10%
200
8% May
7
Apr
Apr
17% Mar
%
Feb
5%
Apr
Jan
Jan
29
8% May
Feb
34
Jan
13%
Apr
10%
Mar
Mar
2%
Apr
8
«...
Jan
2
xl3
6
7%
Mar
4%
28,700
5
5
100
-
Mar
8
8
6
Apr
8
Apr
1%
Jan
6
May
4
Jan
5'
Apr
6%
5%
6%
5,500
3%
Feb
6% May
3%
25
1
1
•
*
preferred —L
4%%
80
Jan
warrants-
Public
Consol G E L P Bait common
Jan
10,900
•
Gas &
Jan
76
100
preference
Consolidated
Jan
6%
$3
48
30
25
Service
Community Water Service
Compo Shoe Machinery—
V t c extended to 1946
Conn
110
warrants
Arms
Commonwealth & Southern
Community
80
90
6%
3%
•3%
4,800
1%
Jan
3%
1
•
100
100
1
Apr
52
50%
52
700
49%
Apr
55%
Feb
43%
42%
43%
490
24
Jan
44%
Apr
ft
7,900
Electric—
Apr
Jan
10%
10
5%
&
86% May
Jan
:'4
1
Fire
Gas
12% May
Jan
4%
68
£1
^
Airlines
Patent
Jan
51%
2,000
86%
5%
Apr
6
3%
9
9
•
optional convertible
For
preferred
Colonial
Columbia
Jan
Co
common
Colorado Fuel & Iron
33
common
Co
Colt's
Feb
"%
Corp
6 c/o
Utensil
Apr
8%
Fdy & Mach Co com..*
Colon
Plow
Rosenberger Inc
Development ordinary
&
Apr
115%
common
Aluminum
Cockshutt
Apr
3%
11%
Ridge
Club
Corp
5%
3,400
common.
common
Coal
11%
21,700
preferred..
Steel
Illuminating
Electric
29%
400
:
Cleveland Tractor common..—
Clinchfield
3%
8.950
80
1
*
Mfg
& Lambert
Jan
4%
,
21% Mar
common.
Inc
Feb
Jan
14%
"%
W)
Clayton
75,100
12%
86%
90
8%
1
Co
Lights
Neon
8%
77
84
•
*
10
preferred
preferred
City Auto Stamping
City & Suburban Homes..
7%
3%
.1
(E
Mar
12%
.1
Mirdsboro
6
1% Apr
4%
Bickfords
Blauner's
Apr
Apr
13%
Berkey & Gay Furniture.
Inc
Jan
12%
-
11
Canada.
oi
Apr
10%
convertible preferred
&
Jan
4
16
—
..10
Aircraft Corp
Aircraft common.
Tel
3%
$7
$6
3%
.100
common
Bellanca
Convertible
May
6% May
Jan
1%
..1
Inc
common
Mills Inc
Benson
6% May
37
P & L
Service
Cities
11%
•
•
•
preferred
preferred B
$6 preferred BB
Cohn
1st preferred...
$1.50
37
6%
Brummell Ties Inc
Beaunit
5%
36%
Mfg—
Refractories
Baumann
36%
2%
common
Steel
Seelig
convertible
$1.20
6
common.
preferred..
10
Cities Service common
Cleveland
warants for
Purchase
100
Childs Co preferred
Clark
Baldwin Locomotive—
$3
111% Mar
Hudson Gas
Claude
Blue
Jan
22
6
Jan
6
1%
B
Bliss
Jan
106%
Jan
Jan
4%
Axton-Fisher
Bell
38%
50
%
Jan
28%
17%
Ayrshire
Beech
400
42%
4%
3%
150
1
Machine
Avery (B Ft & Sons common.
6%. preferred
7%
43
-
111%
100
4,600
5
*
Automatic
Beau
100
54.300
5%
Products
Automatic
Basic
of
23 % May
23%
—
•
& Co
Corp
2% May
13% Mar
23%
•
5
Chesebrough Mfg—.——-25
Chicago Flexible Shaft Co
5
Chicago Rivet & Mach
4
37%
6
■
Apr
% Mar
Feb
1%
69%
1%
7
Apr
Co common
(A M)
Central
7
2
Drop
Atlas
Casco
Jan
Jan
Mar
2%
11%
•
—.1
1
common
(JW)
Jan
Jan
—;
preferred
Carter
9%
2%
11%
common
Corp
H
125
2%
11%
•
Carolina Power & Light $7 preferred..*
Carnation Co
8%
6V2 May
class A
Co
&
Carman
100,000
1
•
Products
City
1,900
12%
100
preferred
7%
12%
9%
1
warrants
,
105%
105
105%
130,700
Forge common
Plywcod Corp
Atlas
..
94'/a May
Jan
?
50
Co—
Corp
Rayon
Atlas Corp
Jan
2%
4%
Angostura-Wupperman ...
1
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4%% pfd—100
Arkansas Natural Gas common
•
Common class A non-voting
•
6%
preferred...
10
Arkansas Power & Light $7 preferred.*
Aro Equipment
Corp
1
Art Metal Works common—____
5
Ashland Oil & Refining Co
1
Associated Breweries of Canada
•
Associated Electric IndustriesAmerican dep rects reg
£1
Associated Laundries of America
•
Associated Tel & Tel class A
•
Atlanta Birm & Coast RR Co pfd._100
Atlanta Gas Light 6% preferred
100
Atlantic Coast Fisheries
1
Coast
Jan
6,300
3%
5
American Writing Paper common
•
Anchor Post Fence
--2
Atlantic
&
300
13%
12%
preferred
Thread 5%
American
Feb
%
94%
93%
preferred
%
%
11%
IB
._*
*
preferred
$6
1st
$6 series
93%
common..*
American Superpower Corp
3/64
3/64
19%
400
21
1/64 Jan
Jan
14
1%
3,400
ft
Jan
10%
10%
10%
650
7%
Jan
"4%
~4% "4%
1,200
62%
3,900
115'%
280
1%
1
3-3
21
Mar
May
1%
11
Apr
Mar
%
61%
115'%
61%
115
110
40
110
a
%
..
2,luv
Apr
%
Apr
26%!
Jan
27%
Jan
2%
Jan
56%
Jan
4% May
62% May
111
Jan
118
Mar
103%
Jan
110
May
<2
Jan
4% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1726
STOCKS
York
New
Week
Curb
Ended
Sale Price
Low
38%
39%
4%
4%
4%
200
Steel
Oil
Jan
5%
107
1 %
1%
200
1%
Jan
8%
3,100
5%
Jan
9
7"fo
Mar
Cook Paint & Varnish Co
Range Co
Cornucopia Gold Mines
Corroon & Reynolds
$6
preferred A—
13%
14
~V/2
76
Jan
89
15% Mar
Jan
10%
8%
Jan
15% Mar
Jan
4%
Jan
130
3,300
1,100
7%
5,400
May
41
$3
2%
21%
American
$5
W
900
aii
Jan
ft
Apr
Gilchrist
Co
Brewing
Croft
Co—
Jan
1%
Feb
Gladding McBean & Co
85
70
2%
79
Jan
19,000
13
13%
Jan
Glen
2% May
23
Alden
Godchaux
May
7
Jan
21%
23 %
18,200
15%
Jan
10%
10
%
7,100
10%
Jan
18,300
32
Jan
/!r
11
iff
j'tf
Mar
10%
$7
3%
3%
400
1%
Jan
3%
3%
900
2%
Jan
Oil Refining common
preferred
$6
Atlantic
7%
7%
7%
200
1%
1%
1%
3,200
Tobacco
Lighting
Inc
Mfg Co (Mo)—
Cuban
preferred
Consolidated
Mfg Co
\l
Jan
24
Petroleum
Darby
1%
13
13
14
450
6
Feb
15 %
Apr
15
14%
15%
26,800
11
Feb
15 %
May
3%
3%
100
1,200
1%
9
Class
convertible
A
v% 8%
.
15%
17
18
18
15%
15%
15%
1%
Feb
3%
Mar
10
debenture——
convertible
:
61i>
Detroit
Mich
Stove
Steel
Products
Foundry
Co
Shoe
Dobeckmun
Co
33
Apr
Jan
5
Apr
Jan
3
Apr
Jan
57
Mar
111
Mar
Feb
1%
Jan
Jan
71
12%
12%
1%
Jan
13
Apr
19%
Apr
2,000
4
9,200
100
18
VA
1'%
4 %
,!4 Va
%
Mar
%
3%
Apr
Jan
Northern
Draper
Coal
4% May
19%
14%
Jan
26
Apr
Apr
30% Mar
10% Mar
10% Mar
5*4
~5%
1,200
3%
Jan
5% Mar
9%
9%
9%
700
5%
Jan
9% May
21%
Jan
21%
Jan
8%
8 Vu
100
7%
Jan
8%
*
66
69
Va
600
56%
Jan
69% May
10
Harris Co
29
29%
300
24
Jan
29% May
Duke Power Co.
Durham
75 ys
Hosiery
class B
75%
•
common
Test
Corp common
76
3%
350
3%
66
Jan
76
Apr
2%
Jan
4
Mar
1%
Jan
8
200
1
2 Vis
2%
1,100
——*
Duval Texas Sulphur-,—
Lamp
Hammermill
Hartford
Picher
Lead
Gas & Fuel
11%
11%
1(/J
6 7o
Eastern
States
'
7 '
tv
—_
3,600
2%
Jan
2,900
58
%
33%
32%
33%
"l%
8,800
22%
17%
24%
17%
24%
37%
36%
38
Jan
JO
1,050
%
7%
775
2% May
Ills
Apr
'
,
Electric
'
i
t
v
1
Bond
&
$5
i
—*
2
c
J '
V'
,
Share
-
-x
v.
Hartford
Hat
10%
Jan
Apr
2% May
Jan
59%
Apr
19%
Jan
34
Apr
.
Jan
%
,
25% Mar
Jan
1 % May
Electric
Power
Option
10%
Jan
4,475
10%
Jan
Rayon
31%
Jan
42
Empire
Power
Derrick
Equity
Corp
& Light
1,100
&
2%
Jan
12
Apr
~8
Apr
4%
trust
ctfs
13
36
Apr
Jan
9
Apr
Jan
108
20
ft
96
2,000
32
Jan
1%
Jan
Apr
Mar
ft
Feb
3
100
42
25
27
Feb
49%
Apr
27%
50
22%
Jan
27%
Apr
100
3%
Jan
5%
Apr
7,600
3%
Jan
7% May
4%
6%
5%
4%
.
,7%
.
;;
•
32
8
375
67% Mar
125
127% Mar
80
;&i35
„
i V.:
135% 7
79%'
■
33
7%
-V 4%
450
,
8%
4%
4
Apr
:
Jan
Jan
5%
80%
Apr
135% May
36
Mar:
10
1,500
47%
104 Va
27%
4,700
1%
Jan
Apr
4% May
9.000
4%
44%
46
37%
Jan
47% May
104%
*
40
102
Jan
%
106%
4% Mar
5
"5%
6%
1,900
19%
6%
20Va
350
Feb
111
Apr
4% Mar
4 Va
Jan
6%
Feb
17%
~1%
1%
2
0
2
5%
4S 8
1%
Feb
20% May
42
"
1
Corp.
*
Dept Stores common
convertible preferred
6%
Hecla
Jan
49
17,700
/!;
Jan
300
1%
Jan
5'a
1,200
3%
Jan
30
30%
1,000
19%
Jan
3
3%
800
.
Helena
25c
Rubenstein.
"7
7%
Apr
1% May
2
Mar
305H Mar
Jan
3 %
Apr
Jan
36%
Jan
4%
Jan
7%
Apr
11%
7:,h
11%
650
6'/a
Jan
11%
9%
11
3,000
600
9
Jan
Jan
9
2
common
5 % May
6
9%
*
Co
1%
31
f
Class A
Heller
30%
5
50
Mining Co
11% May
11% May
25
22%
Jan
27
Henry Holt & Co participating A
*
Jan
11
Hewitt
5
Jan
15 Vt
Rubber
common
Hoe
(R)
Mar
Horder's
Hormel
Co
G
Apr
A)
&
Horn
(A
Horn
&
Hardart
&
22%
227«
1,000
21%
Apr
24
Apr
20%
22
1,100
15%
Jan
22
Apr
9
600
6%
Apr
5
8%
8ai
•
.'
18%
18%
Co
Co common
1
^
Baking Co
(Harvey;
Si
20
Jan
jan
34
Mar
a3 Ve
Mar
23 %
275
Jan
103 Va
*
...
Feb
26%
27%
19%
19%
50
76%
74 %
76%
2,900
5
4%
4%
4%
1,200
3
Jan
5
—:
Corp
Hussmann Ligonier Co—
———*—*
Huyler's common——.——
1
V t c fot 1st preferred
J
Hydro-Electric Securities——
*
Hj grade Food Products.
9
——
a3%
105
Apr
113
14%
Jan
20
60
Jan
78
6%
"l%
1%
Apr
&
Jan
11.400
2
Jan
Mar
27%
108%
100
Inc
Refining—
Fibre
26%
*
preferred.——...
Oil
10%
Feb
29%
•
common
Jan
17
150
18%
•
Hardart-
Ci
Apr
Mar
22%
M
—
(Geo
200
21%
common
Inc
14%
10
Hollinger Consolidated
Holophane
14 V4
14%
7%
11 Va
—2.50
common
& Co class A
—
—
stock
Apr
Jail
Apr
Apr
5%
Apr
x7
Ajir
2
Apr
3
Jan
21%
Apr
1
350
21%
20
20
~5'%
6%
6 V2
Jan
1%
Feb
4;i'»
3%
4,100
2
Jan
1,600
42
Jan
65% May
6,200
43%
Jan
71
Apr
23%
22%
25
1,950
Jan
25
May
%
7
28
8%
common.
50
100
12,600
34
5%
26
29%
9
Jan
Jan
Feb
96
May
34
Jan
9'/a May
Jan
16%
14%
17%
Aviation.
Fairchild
I
Engine & Airplane-—--
Falstaff
Brewing—
Fansteel
—
Jan
2%
Jan
25%
Jan
30
Jan
1%
6% May
7
Power
Motor
&
Co
Va
2,000
7%
Jan
2%
2%
2%
6,400
1%
35
4%
May
preferred.100
preferred
100
6%
preferred
9»/2
8%
9%
1,300
7%
t
———•
17
Co
of
North
3
Mar
9 % May
181/4
1,700
5
5V4
500
3%
Jan
66 %
60
57%
Jan
66% May
•
93%
675
81%
Jan
93% May
—£1
4%
4%
2.900
3% Jan
4% May
Class
A
non-voting.
Class
B
voting..
•
Stock
Yards
Indus
20%
!0
20
•
Worth
Foundation
4%
.2,300
20
10
Jan
18%
Apr
5%
Apr
Preferred
20
'¥■
75
15%
16%
Jan
Jan
$1.50 preferred
(Peter)
Co
20%
Apr
21
Apr
15%
Jan
'
(Geo A)
common
1
.——.*•'
preferred—
—.100
Feb
2 % Mar
3%
4
Mar
15
15
3%
2,700
13%
13%
12%
12%
40
39
._
59
'
150
Mar
15%
2%
26%
series.—
$3.50
Industries
Petroleum
Registered
preferred..
General
Mfg Co
100
common.
—
Jan
21% Mar
9
Jan
15
Mar
125
29
Jan
44
Apr
150
45
Jan
61% Mar
7% Mar
73%
1%
•
Alloys Co.
1%
yi/2
1
General
Fireproofing
Gas
For
&
Elec
$6
footnotes
;
30
68%
Jan
1%
4,500
%
Jan
1% May
page
4
100
9%
Jan
100
12%
2
Jan
4
Feb
7%
10
_•
common
preferred B
see
1
12%
15
14
15
900
•
102
102
105
80
1729.
f
Apr
27
Apr
29%
170
20%
Jan
30%
Apr
500
%
20%
Apr
Jan
1% Mar
Jan
24% Mar
Feb
77% May
Jan
15
20%
21%
125
15%
77%
77%
800
69%
13%
13%
3,500
11 Va
7%
7%
2,700
2%
Jan
5 '
13
7 Ve
Mar
coupon
1%
Jan
125
,8%
Jan
13% May
16
16%
7,900
13%
Jan
17%. Apr
16%
16%
200
14
Jan
17%
9%
9%
600
Jan
9%
Apr
1%
900
% Mar
1 %
Jan
7%
Apr
16%
3%
*
*
International
Utility class A
"9%
•
•
Safety Razor B—
Apr
9,700
12
shs..#
——i
Products.
7%
13%
4%
13%
vl%
6 %
5,
May
Apr
7%
6%
7%
1,200
3%
Jan
%
%
%
6,400
ft
Jan
%
Feb
15%
16%
150
7%
Jan
17%
Apr
40 %
41
350
Jan
42%
Apr
3%
Jan
'
Class
B
—
V $1.75
preferred......
$3.50 prior preferred
Home
*
*
Equipment
41
2%
2 •/'«
1
Mills—
•15%
32
2 Va May
200
•
'
Interstate
Hosiery
Interstate
Power
$7
Investors
21%
Feb
"4%
300
1 %
Jan
%
100
%
Feb
-7-
Royalty...—-LJ—i.
•
1
Iron Fireman Mfg voting trust ctfs—*
______—1
Irving Air Chute——
preferred
Italian Superpower A——
'
•
22
Feb
4%
18
18%
475
14%
Jan
19
10%
10%
10%
900
7%
Jan
10%
%
%
2,100
Va
Jan
*
'..I
Apr
% Mar
18"
V.'
Jacobs
(FL)
Mar
Apr
Va Mar
13%
Jan
90
Apr
•
2%
Jan
.1,000
1
Jan
74%
74%'
75
66
Jan
78%
100
84%
85'/a
40
69
Jan
86 Va
Apr
94
94
50
79
Jan
97
Apr
16%
16%
25
13%
Jan
16%
Apr
8%
1.300
6%
Jan
14%
350
5%
Jan
•
1%
preferred
preferred.,
'.4%
4%
Jeannette Glass Co
Jersey Central pwr Si Lt 5%%
6%
-
pfd__100
——1
Co—-—.
..100
5.
3,100
1%
1%
94
73% May
7%
£1
104
Feb
"',77%
•
A
International
%
5% Mar
2% Mar
Apr
K
Kansas Gas & Elec 7%
Kennedy's
dep rets ord reg
General Finance Corp common
5% preferred series A
Jan
Jan
20
60
7% Mar
73%
1%
Electric Co Ltd—
Amer
'
4% Mar
650
..
l
16%
91
100
1%
Julian & Kokenge Co—--———*
Geliman
10% Apr
1%
28
1
Inc
Industries
shares
International
7%
Gatineau Power Co common.——*
Apr
Jan
430
20%
25%
28
Apr
12%
26%
20%
101% 102%
102%
12%
Jan
9%
-300
13% May
13%
60
6% Mar
Jan
9%
10
2,600
•
Jan
Jan
11% Mar
40
-
5% Mar
Apr
Mar
19 %
—1
—15
Co
convertible
1%
15
5
—1
participating preferred
$3 conv stock
'
1
—
Brewing Co
Distilling—
Froedtert Grain & Malt
Conv
12%, Jan
—10c
Common
Franklin
•
11%
50
Machine
Metal
Interstate
Engineer—
....
12%
Apr
8% May
16%
Hydro Electric—
Ltd—
Am dep rets ord reg——
Ford Motor of Canada—
11%
•
International
66
92
Jan
11%
11%
100
America
Mar
5%
Light $7 preferred
9%
;
10
preferred,;.————..;.*.-—;
7%
Insurance
Cigar
66%
93%
17%
500
1%
1
common
c
International
Mar
Jan
100
—
v
Apr
10%
Jan
1
Fedders Mfg CO——r——5
Fire Association
(Phila)
10
Florida
10
15%
4% May
38%
"
17% May
4,200
-1
—r
Metallurgical
9%
9%
Jan
14%
—.i-*--'—i.£l
—-.i.
Service
Industrial Finance
1% May
22 %
2,400
30
Jan
3
May
6%
100
28
Ireland
Indiana
Mar
i<v
30
Jan
25
10,300
8
•
Indianapolis P & L 5%%
1,400
4»/a
1
3,300
8%
37'
•
Co
Feb
29
31,100
35
Zinc
Apr
88
500
4
11,700
37%
3%
4
37%
'8%
50
£1
Imperial Oil (Can) coupon—
•
Registered
J-C—-----i-i-i.—*
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain Si
Apr
50
Va
1%
1%
32
8
Feb
Jan
4%
% Mar
160
9
4
—.1
.
300
;
96
8%
1%
33%
*
9
93%
9%
1
1
...
28
.*•*
34
—
10c
preferred
8
8
aV Jan
1,200
7:M
7
28
%
•
preierred—
certificates
Imperial Chemical Industries—
Am dep rets regis..
143,000
65%
70
7
arrear
May
6%
68%
•
—
Power *'!o
Iowa
convertible
Div
Illinois
63%
5
common
Illinois
International
Gen
18%
Jan
5%
'
Mar
7%
—
Pipe Line common
Fairchild
Gen
Jan
26%
98
ft
1
Co
International
5%
12%
25
700
=•
10
International
■:
8,800
8%
107% Mar
Corp of America B non-cot com..1
Hearn
Apr
68 V4
————
Equipment
convertible
Eversharp Inc
4%
*
2d pfd A
participating
Esquire Inc.
Eureka
4%
*
warrants
Emsco
4%
.
25
voting
5 7o
4'%
5
common
...
-
Fuller
May
24% May
800
.——*
Electrographic Corp
1
Elgin National Watch Co
15
Emerson Electric Mfg_i———--t-—_4V
Empire District Electric 6% pfd
100
Fox
Apr
6% Mar
13
24% May
3,550
%
63%
preferred
Fort
18 Vo
34
8%
•
Light
Brewing
Hazeltine
-V
*
—•
preferred
$6
Ford
Apr
*
,
Paper
Hummel-Ross
42
20
♦
.
Feb
11
Sugar Associates—
Easy Washing Machine B_
Economy Grocery Stores.
$3
10%
1%
57
—25
Corp..
preferred
$5
9%
2%
58
22%
Iron
preferred series A—
preferred series B_
$6
Eastern
9%
•
100
100
Malleable
'
.——10
common
preferred
Eastern
$7
i
Assoc
prior preferred
pfd
*
Electric
Harvard
5l/o
4%%
Mar
27%
135
25
_•
r
Co
Humble
East
Apr
8
50 %
42
r
t'
•
.
Hubbell
Eagle
17%
25
Alabastine
Horn
Duro
100
90%
Jan
Jan
Feb
25
Corp
Driver
Jan
4%
3
100
Preferred
5%
1
B
13
98
BO
stock..,
Paper
Heyden Chemical
&
Steel
100
Apr-
39% Apr
105% May
H
Hall
1% Mar
Jan
2
Dominion Bridge Co Ltd
Dominion
Jan
Jan
5%
Tea—
Gulf Oil Corp
—
Gulf States Utilities $5.50
*
common.,
31
100
Mar
x8%
3,200
1
;
25
250
"7%
34
8%
Apr
62%
3%
10
common..
Jan
106% Mar
May
Jan
110
1%
.10
common
Truck
17
18
1%
10
,
•_
Divco-Twin
17%
•
15% Mar
900
1
common
—...
preferred
Diamond
2%
1
De Vilblss Co common
1%
2%
20
Gray Iron
Jan
Jan
Jan
3%
*
preferred
5
Pacific
&
Greenfield Tap & Die-—.-—"—
•
Grocery Stores Products common—25c
Apr
11%
50
3%
Jan
4%
1
,—.
Co..
Atlantic
Great
Mar
15
300
2%
& Mfg———L.—1
Detroit
Detroit
"4%
100
———
preferred.
Detroit Gasket
100
1,300
50
—.
Derby Oil & Refining Corp com-—-—*
A
8%
3,200
~4%
5
common
Mi'g
Non-voting common
7%
1st preferred
Apr
24 %
1
—
preferred
$6 prior
16
35
Dejay Stores——
Dennison Mfg class A
Jan
Jan
37%
13
50
—•
*
10
common—
$6
preferred.
Gypsum Lime &
18
5
*
-———.—1
common
Gray
Great
Feb
D
Davenport Hosiery Mills
Mfg
Grand Rapids Varnish
Jan
1% May
Jan
%
7%
Jan
—5
Dayton Rubber Mfg—
%
52%
105%
~7%
—1
Mines
;
class.A
preferred
!
Gorham
2.50
common
•
*
•
—
Gorham Inc
Apr
1%
•
common
Curtis
Curtis
0% Mar
19%
5
Sugar—
May
460
45
*.
l'/s
May
9,500
89
4% Mar
25c
25
*
10
Crystal
Cuban
37%
104
t.
11 May
3%
-
Goodman
Jan
3%
Drug Co common
convertible preferred
7^
2
73
2
3%
*
Coal
Sugars class A
B—
Goldfield
24% Mar
3%
International A
Cork
Crown
May
May*
Mar
88
Jan
2,150
23
$3
Crown
2
73
1%
*
5
•
Crowley Milner & Co
Cent Petrol
(Md)
Crown
% May
600
*
%
2%
--
Apr
62
*
1,300
20
23
*
1
Liquidating Co—
74
Jan
2
70
7%
common
V»
5%
(ord reg)—£1
5
receipts
dep
(A C)
High
Jan
30
103 Va
•
preferred
Preferred
Class
Petroleum-,—
Creole
1%
105%
1%
84'/2
1
—50
Low
61
120
.62
Va
72%
*
*
*
preferred—
Gilbert
Apr
7% May
Range Since January I
20
'
2,.'..;
*
pfd A—100
Georgia Power $6 preferred
Courtaulds Ltd—
C
preferred
Rubber 6%
&
58
;
70%
Water Gas & Electric common—1
Gen
Apr
Tire
iff
common
62
Shares
High
70%
preferred..*1
l'/4
preferred
Petroleum
convertible
5%
14
•
—•
•
5c
—1
*
prior preference—
Copper
Cosden
14'/a
14%
Jan
37%
89
14
*
.
Cooper-Bessemer common—
S3
88%
9%
9
89
1
Steel
Continental Roll &
convertible
$6
General
;——100
preferred—,
prior
Low
100
Rayon, Co A stock———
General Shareholdings Corp com.....1
Continental Gas & Electric Co—
,
pfd—
$6
for Week
of Prices
Sale Price
May 7
Service
Sales
Range
Last
General
l7/a May
8%
Public
General
Jan
8%
Week's
Friday
Exchange
General Outdoor Adv 6 %
Apr
1%
—,.-.10
•
Curb
Ended
Par
Mar
41
Jan
107
100
1
Corp
3%
York
Week
High
Jan
31
375
Stores
8%
Consolidated
39%
1
Retail
preferred
Consolidated Royalty
Lov/
High
5
Mining & Smelt Ltd
Consolidated
New
Range Since January 1
Shares
of Prices
Par
Consolidated
STOCKS
for Week
Range
Last
May 7
Sales
Week's
Friday
Exchange
Cr
,<•
NEW YORK CURB EXCHANGE
Monday, May 10,1943
12%
16%
107
Apr
May
Feb
Apr
Mar
115%
»-* O O
8 Va
& Lamp
Kings Co Lighting
5 % "preferred D
Kingston
1
Inc
Ken-Rad Tube
Kirby
preferred-
Products
Petroleum
7%
•
A
pfd B
14
_10C
■
.100
——.
7%
14
37
—%
•kk':"
20
37
3%
3
3 V4
3%
3%
4
.
:
Jan
119% Mar
8%
14%
A])i*
Apr
47
Jan
X48
Mai-
32
Jan
37
May
8,500
1%
Jan
3V4 May
2,100
'1%
Jan
4
Mar
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
STOCKS
New
Curb
York
May
Sale Price
-
Low
Par
Kirkland Lake G M Co Ltd
1
Klein
•
(D Emtl) Co common
Kleinert (I B) Rubber Co
of Prices
Shares
Low
High
%
%
1,200
—
134
100
134
Knott Corp common
Kobacker Stores Inc.—
1
preferred
Kresge Dept Stores—
4% convertible 1st preferred.
Kress (S H) special preferred
Kreuger Brewing Co
Nebraska Power 7%
Nehi Corp
Apr
4
Apr
10
Apr
100
974
Jan
8
May
10
Feb
Feb
92
1*60
97%
Jan
100 4 Mar
Nelson
100
124 Mar
"5%
"4%
5%
44
1,600
Jan
13%
1st pfd
(Herman)
Corp
England Tel & Tel
Haven
New Idea
L
New
Clock
Inc
Lane
Wells Co
Class
B,
.
——
Realty
324
210
204
Jan
324 May
New
Process Co
11%
12%
5,900
84
Jan
14%
Apr
N
Y
Auction
34.
3 4
3%
1,200
2
Jan
44
Apr
N
Y
4 4
44
5
600
34
Feb
6
Mar
N
Y
&
Feb
101
Feb
N
Y
9%
10
1,100
Jan
10
Convertible
194
19
N
Y
100
10
1
Oil
200
194 May'
19 4 May
%
12 4
Feb
14%
Jan
8%
84
8%
34,400
44
%
hi
%
5,900
10
—
300
28 4 x28%
■
Apr
%
Jan
Material Co
Lipton
Y
Lone Star Gas Corp new common
Loudon
Packing.
Louisiana
Land
Lynch
Corp
Class
A
Class
B
Jan
2
May
154
16
250
12 3/4
Jan
16
May
9%
9
34
9%
Class
Apr
A
Jan
i70
Jan
Apr
214
Jan
40
Apr
Nineteen Hundred
35
2,800
20
Jan
35
May
64
6%
74
7%
Jan
6% May
Noma
Jan
8
Mar
North
Jan
107%
Apr
$6
103
27 4
27
—
Nipissing
2%
8,800
•
2%
54
5,000
7%
6
Manischewitz
Mapes
(The B)
Consolidated
Marconi
150
184
1%
Jail
3%
4
%
2%
700
Jan
57
Jan
33
Marine
33
33
1% May
Feb
44
74
Api
3*3
May
Jan
4
100
*
Steam Shovel.
*
5
Mass Utilities Association ft c
1
1
*
common..
17
■
6
6'/a'*
A
2
Apr
1404 141
3%
34
3%
2,500
"4
Jan
2%
2.50
,*
4
34
300
74
74
8
3,200
1
14
1044 104 4
75
"14
1
145
Apr
3%
Supply
•
North
Nor
class A
:
Penn
Jan
14
14
3,200
%
Jan
34
Jan
4
3%
1,000
%
pfd
"1
"%
Oil
2.300
100
44
4 4
Jan
Feb
4
Feb
14
Feb
44 May
200
Mountain
6%
pfd.100
94 4
944
40
96
150
104 4 105
Jan
97
Apr
1024 Mar
106
Mar
82
7
6%
7 4
6,900
Corp
•
23
214
23%
1,300
Ogden Corp
common
4
5
7.300
2%
Co
475
17 4
Jan
22 4
May
91
Jan
99
May
Novadel-Agene
class A
Power
4%
16%
Jan
7%
Apr
Jan
23 %
May
O
Jan
1
Apr
;
Jan
Jan
%
1,900
14
108
% Mar
6% Mar
6%
Feb
1
7% Mar
5%
x34
Jan
64 May
%'
Jan
1% Mar
84
8 4
500
194
19
350
4% Mar
Apr
4% Jan
94
Apr
Mar
9%
Feb
8
Jan
15%
194 Mar
35 4
Apr
2
1%
2 4
1,600
1%
Jail
24
Apr
84
84
8%
2,600
6%
Jan
8% Mar
324
100
34
525
~24
*24
Jan
254
Jan
14
~
19
Mar
55 4
554
56
700
800
1%
Jan
2%
Apr
1
2 4
109
109
10
Apr
1%
Apr
50
Jan
,
100%
Jan
54
•
11%
11
7%
7%
8
700
3.500
194
1.700
3 4
Jail
8
Jan
4%
Jan
594 Mar
109
May
74
Apr
1%
500
States
%
460
31
50
214 May
3 4 May
1% Mar
1% May
Jan
6% Mar
Apr
1714
Jan
Jan
163
21%
31
oc
...10
2 4
2 >4
6
6
4
Ilioo
♦.
Ohio Mfg Co
Muskegon Piston Ring.—
Murray
3,«
17%
common-
—_
24
658
18
5,600
224
Apr
31
Apr
204 .Jan
,13 4
Jan
20
1124
Jan
300
I24
11%
11%
550
8%
94
300
684
684
30
Jan
11334
Mar
1034 Mar
•
Jan
9
24 Mar
6%
Pacific
Can
54%
Co
•
—
National
Breweries
National
Candy Co....
Pacific
$1.30
1st
City Lines
1
common..:
48
Jan
51 >4 May
180
110
Feb
115 4 May
8
Feb
5%
6%
6%
7%
Feb
600
3%
Jan
1,000
34
Jan
Paramount
7%
1074
Pen
Corp
Corp
Penn
Water
Mfg
&
134
Apr
Apr
144 Mar
44
Jan
10%
Jan
69% Mar
10
13% May
YV Jan
ii! May
34
20
32
350
Co
154
Pitts
Bess
pfd
75
•
96
94%
Meter
RR
92
58%
Scale
common
Powdrell
&
Power Corp
common
Alexander
of Canada...
Jan
35
Mar
28%
Jan
32 4
Mar
Apr
324
10
275
58%
58
18
254
3,200
51
11%
10%
12 4
5,700
9
•
114
114
114
22,800
8
•
3 4
3 4
3 4
500
50
(Del)
Fuel Gas
Mfg & Stores
49
1
preferred
common
Mar
15%
250
Jan
21
Apr
25 4 May
4
Feb
51
Jan
444
12
& Lambert
Premier
Gold
Co
2% Mar
3 4
May
Apr
Prentice-Hall
Jan
614 May
Jail
354
Jan
14
Jan
76
Pressed
Jail
92
Jan
74%
150
170
104
214
58% May
116 4 May
Jan
$6
Pwr & Light $6
pfd unstpd—•
preferred stamped
National
Refining
National
Rubber
National
Steel
National
Tea
*
Ltd
54%
Tunnel
National
Union
For
Ills
Jan
6 4
8
84
600
5
Jan
8%
Apr
Feb
334
Apr
314
5%
314
150
32
7
4
4,500
4
Jan
204
16,800
8%
Jail
204 May
534
800
424
Jan
53 4
May
104
11
Apr
1%
7%
56
1
"3.50
56%
56
3.900
800
7 4 Mar
Jail
39 4
47%
Jan
58%
Jan
14
124
3 4
13
400
93 4
94
•
104
94
400
8434
900
24
Jan
100
84
Jan
3%
34
14
14
14
Jan
124 Mar
_14
44
44
50
•
preferred
Mines
•
Radio
footnotes
see
Jail
6
Feb
6%
1st preferred
6%
Jan
13
May
7%
1st
Feb
44
May
30c
page
1729.
17
18
13%
17
13%
400
24
1,800
1,400
40
24
2
4
3 4
4 4
5.400
94
Jan
19 4
Mar
7
10
12.50
&
3 4
Jan
8 4
Apr
11
Jan
13%
Apr
2%
Feb
2
May
3/4
Jan
4%
Apr
Service of
Puget Sound Power & Light—
$5 prior preferred
$6 preferred
Puget Sound Pulp & Timber
Pyle-National Co common
P.vrene Manufacturing
Apr
124 Mar
14 May
h
Jan
3,200
3%
Feb
934
7
1,500
4%
Jan
7
Apr
54
Jan
54
Jan
8
6%
6%
—
11
%
200
24
24
•
12
1 ti
Jan
19
4
3,600
34
3%
Jan
5%
5%
4
Jail
100
7%
Mar
Apr
Apr
Apr
U
34
Feb
Jan
7% Mar
Mar
Jan
6,800
1
26
Jan
Colorado—
preferred
3% Mar
14
36,900
•
600
Apr
97
8%
5
»
Gas
Apr
Mar
14
5
Providence
2,400
Apr
Apr
Jan
1
7 4
•
2V8
4
670
10
~25c
12 4
Jan
Jan
38
74
Jan
14
6
8
300
1%
1
6
994
May
7
19%
52 4
1%
50
America
13
Jan
Mar
524
•
874
Mar
5%
4
—50
common..
425
Public
6
*
Transit
National
12%
*
Sugar Refining
National
97%- 984
•
common
Machinery
Car
National
98%
31
150
900
104
Prosperity Co class B_
National
Feb
Jan
Jail
514
6
•
Inc
of
May
% Mar
31
1
Corp of Nevada
Apr
May
8
—1-1
Mining
Metals
Producers
97
Apr
5%
7
May
May
44
124 May
Jan
Pratt
16
274
850
50
Apr
4% Mar
304
10
Sugar
92
1154 1164
25
Mining Co..
28
19%
Plate
Potrero
May
% Mar
—10
Metallurgical
common
210
97
1584 160 4
160
25
Pittsburgh
Glass
Apr
19
20
6%
Ltd
22
Jan
4,900
•
Pittsburgh & Lake Erie
Inc
200
1%
5% May
Jan
9%
Jan
614
common..
Postage
Apr
9 4
354
common
L E
&
May
7.400
16
14
1
Co
Mines
6 4
64
Jan
61
•
preferred series A
Gold
Jan
34
35
~~ll
common
Governor
Apr
3%
14,900
1
I100
Securities
"44 ~4%
35
♦
Co
Packing
174 Apr
84 4
31
4%
1—50
Apr
Jan
34
314
•
preferred
Pilaris Tire & Rubber
Phillips
Jail
5,100
314
1
com
common
Power
Philadelphia Co
May
Jan
111,700
•
A
Co
Mfg
May
92
Feb
14
*
common
Perfect Circle Co
Pitney-Bowes
64
19
•
Salt
Sugar Prop
Pioneer
54
174
1
preferred
Penn
108
3%
900
25
Light $7
Penn
Conv $3
5%
184
•
common
& Elec class
Power &
Apr
Jan
Jan
73
6 4 Mar
64
1
common
Airlines
Jan
72%
4%
-10
Telephone
preferred A
Pepperell
102 4
50
8%
..1
$2.80 series prelerred
$6
140
92
904
*
Pennsylvania Edison Co $5 series pfd.*
Penn
106 4 108
90 4
304
15%
Peninsular
Cent
May
54
Co
Penn
34
30%
700
1,400
.100
pfd
Parkersburg Rig & Reel
Patchogue Plymouth Mills—
Penn road
May
Jan
Jan
13
34
304
common...
Motors
$1.40
13
31
284
11
33%
304
Pantepcc Oil of Venezuela Am shs.
Pierce
•
23
6% May
7% May
100
13
33%
..25
.
common..
Apr
1
preferred
Page-Hersey Tubes
Apr
10%
57
31,100
1
200
..25
1st pfd
Lighting $5 preferred
Pneumatic
*
National
common—
51'A
6%
common
preferred
Pacific Power & Light
Pacific Public Service
Polaris
Bellas
19%
1
Elec 6%
&
1st
Apr
18
120 4 May
N
National
11
Jan
50%
F
Plough
100
Jan
16%
74
1
Pittsburgh
13%
84
1,600
114% 1154
51
115'A
100
19%
"»
Pleasant Valley Wine Co
13%
Apr
May
11
194
194
50
Securities
108
11
15
common
Phila Electric Power 5%
'
—......*
100
Muskogee Co common.;
67c
preferred
Jan
4%
250
12%
12%
1234
Jan
14
2,400
1204 1204
Apr
107
5
common
Phoenix
Producers——
Mountain
169
166
Mar
9
Jan
5%
166%
11% May
Jan
17
39,200
1%
2%
214
2 4
20
1144
100
United Filters B
Penn Gas
--
Jan
100
prior preferred
Pacific Gas
Apr
7,200
12,500
May
1064
Apr
4,500
9 4
20
5
Feb
1/200
8%
114
314 Mar
14
8%
100
99
4
Jan
2 4 May
Jan
Jan
900
98
120
114
»
prefened
22'4
214
•
common
Natural Gas
conv
44
4%
Feb
108
1% Mar
is«
7%
B
preferred
Jan
4%
-
$6
Ltd
98 4
1.050
1
%
class
preferred
Ohio Public Service 7 % 1st pfd
6% 1st preferred—
Overseas
64
.*
1—•
Mountain States Tel & Tel——
National
Apr
50
Omar Inc
5%
1
—1
common..
National
Mar
105
14 May
14
*
City Copper common-
Container
53
25
8%. Apr
7,200
Utilities—i——_.10
convertible
% May
100
Jan
5%
Moody Investors partic pfd
Mtge Bank of Col Am shs
$3
Apr
14 May
4 Ve Mar
23 4
1.800
1
%
5
Texas
Public Service
States
Jan
It!
7 4
2.50
Montgomery Ward A—;.—.
Montreal Light Heat & Power
National
12%
514
__
•
preferred
$54
54"
*
*
pfd—100
Society A
Hess
8%
1%
Securities
Co
RR
Indiana
7%
Northern
$3
14
...
7%
Machine Tool
Nachman-Springfillcd
23,500
—50
Utility
Central
Mar
64
1
—
Power
12%
May
American
May
.
Mountain
Jan
97
10%
12
Feb
6'/a May
103 4 Feb
May
4
54
1
Pictures
91
Jan
4 Mar
v
31
23
6 4
%
6
•
♦
Voehringer common
Dakota
3 4
.
500
8
3
108
*
Public Service common..
Loan
Apr
:
31
Oklahoma
10
—
Molybdenum Corp
Montana
20
62
27 4
%
5
28
*
Co.——
Mississippi River Power 6%
Monroe
2,000
Jan
31
Oilstocks
50
common—
Refineries—
Monogram
64
Apr
42
1/128 Jan
4 Jan
1
prior preferred
Feb
c.l
5
Abrasive-
Mining Corp of Canada.
Minnesota Mining & Mfg
Monarch
530
16,100
97
100
Corp B
Parker
Mock Jud
5%
6%
5
common.
Steel Products—
Missouri
1/64
*
6 7c
Apr
1
v t
common
14
2 4
2%
—
$2 conv preferred—•
Pwr & Light
61
1/64
72 4
May
Jan
;
1,100
74
$2 non-cum dividend shares
Minnesota
58%
1/64
Mar
34 May
Jan
32
Jan
2
19
—...——1
Midland
Mid-West
59
55
54
Jan
32
Jan
21
"
100
Oil Corp
&
694
100
Power 44 7o
Jan
*
—
Piping
67%
224
Ohio
14
Midland
Midwest
68
1,200
Edison
125
Scott
vtc.
Oil
1,425
10
common
107% May
1% Jan
32
Brass
13% May
class A..1
Middle States Petroleum class A
Co
Jan
140,500
284
Ohio
Jan
10
Midwest
Jan
36%
3 4
32
Apr
•
Micromatic Hone Corp
Mid-West
1024
2%
•
74
8
Preferred
Midvale
53
53
4
3
70
Jan
90
'.V
Corp
106% 107%
53
May
Jan
4%
10,900
Michigan Steel Tube—
Michigan Sugar Co.—
West
260
Apr
22 4
Jan
300
13%
Textile Corp.—
25c
Participating preferred..—.—15
Metropolitan Edison $6 preferred
*
Michigan Bumper Corp..
1
Middle
Jan
A
4
114
preferred
B
16%
524
7
:i
11%.
Metal
Class
1,800
20
224
350
10
4% May
Iron Co.—1
Messabi
Feb
48,500
Oliver
&
954
70
4,900
Jan
preferred
-V V'"'
Apr
104
30
%
2
14
common—
Chapman
May
111
102
65%
7
•
Merchants & Manufacturers
ffct Tlf'c
11
Jan
160
4
1%
%
•
Wo
104 Mar
3%
34
10,300
b
,
21
Mar
Jan
11
4%
Memphis Natural Gas common
Merritt
24% May
18
150
67%
1,900
34
Mercantile
Participating
Jan
Apr
1
54
*44
Co
Stores
106%
54 Mur
700
1054 109
100
100%
—
Jan
11
11
,—100
Electric
4%
:—*
Dredging
&
Feb
3 %
24%
22
11
Apr
Jan
Jan
*
Radiator & Mfg B
Mead Johnson
24
5
Ohio
MeWilliams
Apr
31
Com¬
Marion
McCord
3%
,
Jan
Feb
Mar
Jan
26
2
•
Margay Oil Corp—
Massey Harris
Jan
2%
27 4 May
•
Co—
Ltd.
Co
Jan
6,100
*
Co—
Mfg
International
munication
14
4
1
,
Apr
18% May
684 Mar
Amer Light & Power common..1
preferred
*
North
1%
warrants—
preferred—
14
28
pfd.100
pfd
Mines
Northern
Stores.
2,600
3
224
Niles-Bement-Pond
550
M
convertible
34
34
1074
preferred...
4
14,600
...
$5
Feb
7 4
Jan
100
Niagara Share class B
32
4.
6,500
6%
North American Rayon
Class B common
Mangel
113/4
1064 May
Jan
574
optional warrants.
2
64
5
Manati Sugar optional
134
3,500
optional warrants
40
1%
1%
1
pfd
500
1.600
63%
1
Service
37
9%
39
*
common
2d
57o
193/4 Mar
%
100
—
6%
18%
62 4
preferred—100
i
*
Light 7%
preferred
preferred
104 Mar
900
100
& Exploration
Louisiana Power & Light $6
1st
Jan
2
*
_
Jan
6%
17%
62%
10
Niagara Hudson Power
Jan
~1%
10
Long Island Lighting common—
7%: preferred class A
6% preferred class B
4%
6%
18 4
10
Rosario
shares
Water
74
900
•
.
Steel Chain
Jan
May
2 3/i
Electric & Gas $5.10
Y State
N
Feb
5
Lit Brothers common
Locke
874
5
4
Apr
45% May
Shipbuilding Corp—
174
9%
94
94
_5
Inc 6% preferred—25
{Thos J)
Jan
230
*
common
preferred
Y
N
Feb
30
&
Power
57c
Line
93/4
106 4
*
common
Co
Honduras
Founders
8% May
Jan
243/4
N
Apr
& Arizona
Merchandise
$6
54 Mar
% Mar
—25
1
(R G) Inc
Feb
2%
*
•
Development.—-.
Le Tourneau
4
•
Lehigh Coal & Navigation
Leonard
—
6%
1
preferred
Jan
Apr
5
„
25%
City Omnibus warrants
100
common
Jan
2,700
,
105
105
1
Land
Mexico
30%
Langendorf United Bakeries class A„•
Let court
Jan
1
1
54 May
114 May
'
1%
*
1
common
Jan
7% Mar
400
45%
25
12%
100
Lakey Foundry & Machine
Lanison Corp of Delaware
Lane Bryant 7% preferred
3%
1,600
5
*
Jersey Zinc
1
(N J)
200
114
84
44
1
100
Co
common
New
RR
Mines Ltd___
Shore
May
-
*
New
W
Lake
Apr
112
5% May
New
Lackawanna
21
Feb
204
*12
44
100
preferred
High
Jan
104%
;
•
preferred
Low
124
10
~4% "54
114
—
•
England Power Associates
$2
Apr
class A
Range Since January 1
300
112
100
•
5
*
•
Nestle Le Mur Co
6%
1
preferred
Neptune Meter class A
New
10
Co
Shares
High
20
20
•
Navarro
Apr
10
974
OH
Apr
4%
200
8
8
—
•
.
Hoppers Co 6%
Low
Par
M
Sales
for Week
Range
of Prices
Sale Price
7
May
High
134
9
10
Last
Exchange
Ended
Jan
4
13 4
__
Curb
York
Week
Range Since January 1
Week's
Friday
STOCKS
New
for Week
Range
Last
7
Sales
Week's
Friday
Exchange
Ended
Week
■t
5%
Apr
83/8 Mar
105
105
10
104
Apr
1064
Jan
1124
1104
112 4
60
109
Apr
114
Jan
•
1114
1,225
101%
Jan
1124 Mar
•
62
1114 1124
684
62
13,400
45 4
Jan
68 4
May
114
400
74
Jan
13%
Apr
8 4
Jan
10% Mar
74
Feb
9 4 Mav
100
—100
114
•
5
10
.
"*94
"94
94
1*00
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1728
STOCKS
New
York
Week
Ended
May 7
Low
Par
Range Since January 1
York
New
for Week
Range
Last
STOCKS
Shares
of Prices
Sale Price
S'
Sales
Week's
Friday
Exchange
Curb
Monday, May 10, 1943
Week
High
Low
Curb
May
Last
(Hugo)
Stroock
6%
preferred
Quebec
Power
Co
88%
60
T—m
Jan
92
Mar
100
151
151
70
146
Feb
156
Feb
(S)
Corp
Co
—
•
Sun
1
Machinery
Ray Drug Co
Sunray
Oil
Swan
Finch Oil
500
18%
18%
11
—
1
11
3%
48%
Jan
150
12%
13%
50
7%
100
-M
% Mar
.
19%
Apr
Jan
19%
Mar
Jan
11% Mar
Jan
43
4
May
49
14
Apr
8% Mar
—
Jan
12% Mar
——
....15
■
1%
29,300
48%
——
High
Jan
4,500
4
3%
48%
%
,
•
com.
Corp
Low
%
17
18
—50
Range Since January 1
High
18%
-
—
Shares
%
mm
*
5%% convertible preferred
Superior Port Cement class B
.
Lout
5
Sullivan
88%
•
100
•
Quaker Oats common
of Prices
Par
Stinnes
Sales
for Week
Range
Sale Price
7
High
Q
Week's
Friday
Exchange
Ended
9
Mar
5
May
Mar
R
%
139,000
9*2
Jan
1,375
7%
Jan
12% May
%
1,000
%
Jan
% Mar
%
>
1%
Apr
Taggart Corp common
Tampa Electric Co common
1
Technicolor Inc common...
*
Texas
17
16%
17%
650
1%
1%
~8%
3,400
1
1%
25%
1%
-'
19
Mar
Mar
Thew
4%
*
:::i6o
pfd
5,300
%
21%
1 %
Jan
ft
Co
...
21%
11%
13%
108% 110
5
5%
no
5
27
Apr
Apr
30
21%
--
600
Reliance Electric & Engineering
5
12%
12%
1
4%
4%
5%
52,800
1
11%
11%
11%
900
;
*
1
9%
"9 %
9%
400
Jan
9%
Radiator
2%
3%
6,800
1%
Jan
1
%
%
12
5,500
:ia
Jan
99%
20
Stix
Goods
Dry
Rochester Gas & Elec 6%
& Pendleton
Roeser
Cable
Rome
Corp
pfd D
3
Inc
99
*
"9%
"9%
5
common
10%
10
500
13%
Jan
Apr
5% May
11% Apr
Jan
3
9% Mar
7
•
91%
Jan
13
99
100
%
Tilo
Roofing -Inc—
Realty & Construction
6
Tishman
1
Tobacco & Allied Stocks.
Petroleum
Root
3 %
5
1
Co
convertible
$1.20
5
Field Inc__
3%
100
5
4%
5,100
20
:
17%
17%
18%
500
•
*
preferred
Typewriter
Royalite Oil Co Ltd
Royal
60%
59%
62%
1,450
Aeronautical Co
Consolidated Petroleum
Ryerson & Haynes common
Jan
7%
100
Apr
17
Apr
10
Jan
Mar
Ryan
2%
Jan
2%
Jan
4
5
Mar
Mar
110
Mar
May
3%
Jan
5%
Feb
17%
Jan
22 %
Apr
6
900
4%
Jan
1%
600
1%
•
6
May
1% May
%
,
Jan
Jan
Feb
4%
9% May
2% Jan
4%
4%
3,600
43
2%
9%
9%
300
6%
May
Amer
dep recs def reg
1%
2%
4,200
1%
Feb
60%
61%
230
53
Jan
105% 105%
10
102
Mar
Tri-Continental
18% May
62% May
Tubize
Feb
22
3%
Jan
Apr
6%
Apr
1,500
3%
Jan
3%
Jan
2'A
7,800
i<s
Jan
—
-
—
,
1
is
200
3Va
7,500
1%
Jan
6%
«i*
12%
12%
13
1,200
7/a
10
...
%
1
5,500
a*
5,400
Jan
39
V
,
Feb
3% Mar
13
Jan
Apr
Jan
"4%
Apr
1
Jan
'
Mar
112
Jan
15
2%
MM'
2%,
65
Apr
105% May
107; Mar
MM
Mar
% Mar
•
—MM
MM
~8%
Corp.—..
A
~8%
Tung-Sol Lamp Works
1
"9%
59
__
60
400
7
S10
Apr
62%
Apr
3%
5%
5.300
1%
Jan
5% May
10%
5
10%
200
6%
Jan
10% May
6% Mar
1%
'
i
———,
Chatillon
Class
5% Mar
2,000
iiioo
61%
warrants.:
Trunz Tnc——
Feb
4%
2
•
Transwestern Oil Co._u.__——
Jan
6%
MM
Trans Lux Corp.——
16
4%
~4%
—.
Shipyards Corp
Toledo Edison 6% preferred
1% preferred—
Tonopah Mining of Nevada
50
Jan
MM
_
Todd
49%
6
4%
1
•
1
Ryan
102
13% May
350
5%
__
Tobacco Product Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
19
2%
Russeks Fifth Ave—
Jan
800
*
Feb
Apr
'
Roosevelt
6%
24
Jan
22
3 % May
Rio Grande Valley Gas Co v t c
Richmond
17%
'
ft Mar
fa Jan
Republic Aviation
Rheem Manufacturing Co
Rice
3% Mar
23,600
12%
5
common
15,100
21
9% Mar
Jan
200
2,600
V 175
Shovel
5
3%
21%
Texon Oil & Land Co
51
Jan
27
%
Light 7%
Jan
2%
13
25%
50c
Power &
Mar
13%
50
•
Roller Bit Co
Reiter Foster Oil Corp
12
12%
—1
Red Bank Oil Co
Reed
1%
12%
1%
1%
Radio-Keith-Orpheum option warrantsRailway & Light Securities
Voting common
10
Railway & Utility Investment A—
1
Rath Packing Co. common
10
Raymond Concrete Pile common
*
$3 convertible preferred
•
Raytheon Manufacturing common—50c
2% May
convertible
80c
•
preferred
—
U
Udylite Corp___
Realization
Ulen
St Lawrence
Class
St
$2
A
Regis
7 %
Salt
Corp Ltd
pref
conv
Oil
Corp
6,900
2%
common
common
1
Lace
Scranton
Steel
common
29%
Jan
%
Jan
22%
Jan
700
26
26
50
Bros
2%
Jan
25%
17 %
Jan
4% May
134% Apr
8
Apr
2%
Apr
27%
Jan
1% May
14
Mar
1%
38
Apr
May
29% Mar
26
100
%
Jan
4%
Jan
1%
of
9%
8
10
4,050
65
71
460
69%
MM
6
.
6
6
200
3%
16
25
3%
2,200
16%
1,200
88%
*
"
.100
89%
113
-
>
900
30
«
common
Jan
—
—
;
31%
Apr
Apr
Feb
7% Mar
16
Mar
1% May
52%
10
Gas
Investment
71
May
Jan
%
Jan
•fj
3% Mar
5
Jan
2%
Jan
14
Jan
83
69% May
Jan
'
111%
Apr
Jan
4
Feb
Mar
6%
Apr
4
Apr
16%
92%
116
Apr
Apr
Feb
12%
Jan
13% Mar
Simmons-Boardman Publications—
*
preferred
convertible
21%
21%
21%
200
2%
2%
2%
800
1
Simplicity Pattern common
.100
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
—£1
Amer dep rets ord regis
Sioux City Gas & Elec 1% pfd— _100
Solar
Aircraft
Solar
Manufacturing
234
—
.—
Boss
South Penn Oil
Southwest
Pa
—
United
Chemicals
$3
241
Apr
5
Mar
Jan
101% Mar
2%
Jan
4% Mar
3%
3%
3%
4
1,500
2
Jan
4
May
3%
4
17,800
2%
Jan
4
May
4%
4%
800
1%
Jan
4%
96
Apr
3%
900
2%
Feb
3% May
46
46%
600
37%
Jan
Cigar-Whclan
31
31
3%
'
50
4%
4%
13%
26,800
*
10%
Stores
_10c
,25
41%
25
31%
,
41%
28% Mar
31
120
31%
500
25
class A.
25
40
Jan
29%
Jan
preferred —:
100
Southern New England Telephone- .100
'
— —
—
—
-7
•
__
2
1%
1%
>
10
Co
28%
-
Feb
%
Jan
1,900
42%
'
—
5%
115
—
5%
1,300
Jan
6% Mar
6%
Jan
13% May
200
Jan
67%
Jan
72,600
78
Jan
1%
Apr
113,500
.ft
Jan
Va
Feb
3%
_1
preferred non-voting
warrants
United Light & Power common A—
•
B———__
1,200
i7e
176
•
3% May
Jan
122 %
May
ft May
ft Jan
22.400
7
14% Mar
Jan
4
115
8,600
%
•
-
Jan
130,700
122%
%
•
preferred
3%
3
120
120
15% May
Jan
12
10
Va
% Mar
Jan
%
2,800
%
Jan
41 Via
5,000
21%
Jan
44
Apr
29%
—
Feb
37
Apr
80
Feb
89%
Apr
16
—.
39
40
United Milk Products
$3
preferred
participating
United Molasses Co
Amer
ft Mar
_•
Sharing
preferred
Shoe Machinery
United
Mar
5%
Apr
3%
100
r~% "%
25c
~~%
67%
69%
—
69%
45 %
25
25
common
45%
1,300
i'b
%
Jan
2 %
10
251%
Feb
250
100
1
3% Mar
3% Mar
600
3%
Profit
107®
•MM
regis
United N J RR & Canal Co
United
•
Ltd—
rets ord
dep
_
Feb
■a
46% Mar
43
Jan
5
5%
1,300
4
Jan
1
4%
4%
5
3,000
2%
Jan
U
5
8%
8%
100
7%
Jan
1 Va
3,100
%
Jan
S
U S
$5
Graphite
common
and International Securities
1st
U S
preferred with warrants.
Lines Inc preferred
Plywood $1.50 conv preferred
U S
Radiator
U
U
S
S
10
20
Reclaiming
•
15
60
71,
9%
400
8
28%
28%
28
2%
3%
2,700
2%
200
1%
Wall
United
50c
Paper
10
Universal Cooler class A
%
'Hf
—2
Universal Consolidated Oil
2%
—
12
3,700
3
2%
12
14,700
200
12%
"1%
"l%
100
Universal Corp voting trust ctfs
18%
17%
19%
9% Mar
30
•
Apr
3%
Apr
Jan
2%
Feb
Universal
Insurance
20
20
20
Universal
Pictures
B
Utah-Idaho
2%
Utah Power & Light $7 preferred
Utah
Radio
Utility
$5.50
60
Apr
1
5%
Feb
Feb
9%
2
15
Apr
20
Jan
100
Apr
19% May
Jan
Apr
43%
Jan
66
Mar
50
14%
Jan
20
May
2%
13,500
2%
Jan
63%
550
45%
1
10c
Apr
13
100
62%
20
Products
Equities common
priority stock
3
Feb
58%
Co
Sugar
Apr
Jan
2%
61
20
common
Universal Products
%
ft Jan
1%
11
10,700
Class
Feb
May
Jan
4%
—
Apr
1% Mar
ft
United Stores common
Apr
Mar
,,8%
74
Jan
1%
2%
2%
--
5
Jan
50
9%
28%
57/a
,
Jan
750
74
74
1
common
Rubber
1%
•
*
Feb
69%
5%
7(L
Apr
Feb
-
Jan
1
Preferred
4
y63
United Specialties common
U S Foil Co class B
"l%
"l%
1
%
2,400
Apr
63% May
Feb
4%
Apr
1% May
Jan
68%
Jan
49
!
2%
Jan
2
1
rH
1
Apr
31% May
29%
2
Feb
May
L-.
—
Apr
Apr
Apr
"
Power
Phosphate
42
31
4% May
"l%
•
1st $7
class
2% May
Feb
%
1 %
%
Option
1st
3
Jan
57%
"l%
warrants
United Gas Corp common
Common
Jan
1%
15%
15
15%
•
United Elastic Corp
$6
2
3
5
MM
1
common
Corp
700
6,400
•
participating pfd.
United
46% May
3%
1%
Southern
Jan
3% Mar
"
-
&
cum
United
2%
4
•
common
Products
Aircraft
2
Edison—
original preferred
preferred B
5%% preferred series C
6%
Colorado
175%
1,100
46%
——
5%
Southern
2% Mar
3%
Pipe Line.....—... —10
California
Southern
Jan
4%
•,
...1
Corp
1
Manufacturing common——.
1
South Coast Corp common—
Sonotone
-
21 % May
1
3%
—
1
Co
—
m
21% May
3%
1
Co—
10
234
234
of
United
2%
2%
10
Canada
Union
Union
May
Jan
10% Mar
—
2%
Jan
3
51%
12%
113
—
•
Canada
Feb
%
100
C
15%
3%
•
100
%
%
mm
5
pfd series AAA
29%
87,800
70%
8
Mining
Jan
1,900
"l%
1
Shawinigan Water & Power
Sherwin-Williams common
1
13'/a Mar
1
Seton Leather common
Apr
Manufacturing Co
2%
10c
Corp
2%
Jan
12
13,900
7%
69%
..
52%
Jan
1
%
7%
5
Safety Control
Apr
300
25
Serrick Corp class B
$3
Unexcelled
May
7%
44
33
32%
U
•
1
prior stock
Allotment certificates
Co
■2%
7%
$5.50
Sherwin-Williams
1,400
•
Convertible stock
cum
290
11%
—
Shoe Co
Selected Industries Inc common
Denn
47%
11%
1
Hardware
Selby
Shattuck
44%
11%
1
Inc—
Lock &
46%
•
_
Seiberling Rubber common
Sentry
Jan
12%
•
Co
Securities Corp General
Segal
Jan
%
750
38
27%
26
•
;
preferred
Seeman
Apr
Spring Brook Water Service—
Scranton
Scullin
1%
•
preferred
common
Jan
i7ff Jan
15.400
114
34%
-
29
25
200
1%
34%
$6
Jan
2%
700
14
\V/a
114
25
Manufacturing
T%
14
preferred
Electric
Jan
24%
1%
•
(D A)
"l%
115
2,300
Co
Scranton
Silex
7%
1%
5
Scovill
5%
6%
•
1
Convertible
$6
614
Co
Schulte
200
2V4
Oil
Savoy
Schiff
144,900
132
129
1
common
Mills
Sanford
131
1
Co_
United
4%
2%
334
5
100
preferred
Dome
Apr
50
Paper common
Samson
1%
*
4,600
1
i
116'
5%
Apr
V
Valspar Corp common
$4 convertible preferred
1
1%
1%
1
~6%
~5 '/a
~7%
19.000
Virginia Public Service 7% pfd
Vogt Manufacturing
100
61
60
62%
360
•
%
1% Mar
Jan
4%
Jan
4,900
7% May
62 %
Jan
44
Mar
30
Jan
18
5
Petroleum
Venezuelan
*
1%
May
9%
9% May
7%
Jan
1,100
3%
Jan
5%
9%
Feb
8
Apr
20
86%
Apr
90
Apr
100
7%
Feb
400
9%
Feb
'
Southern
__10
Pipe Line—
Royalty Co
Spalding (AG) & Bros
1st preferred
Spanish & General Corp—
Amer dep rets ord bearer
Amer dep rets ord regis
——
5
10
Southland
.
Spencer Shoe
Stahl-Meyer
Standard
Jan
26
130
—
—
Aircraft
Waco
pfd
%
Jan
%
Apr
2%
Jan
4%
Jan
2
Apr
Walker
Mining
%
Jan
1
May
Wayne
Knitting
2,600
6
'
900
3,300
18
2%
Jan
1,250
6
17
12%
Jan
2%
2%
15%
16%
15%
250
16
16%
1,900
112
111
100
Power & Light
700
100
%
%
1%
Jan
12%
Jan
110
Silver Lead
40
40
1
1
Jan
8%
da
A
16%
Jan
9
"1,000
6%
Jan
6,000
aa
1%
1%
Starrett
(The I Corp voting trust ctfs—1
^
12
Steel Co
of Canada
(A)
& Co
_
common
6%
preferred
1%
2% Mar
16%
Apr
16% May
112 % Mar
For
Co
footnotes
page
Jan
ft Jan
Jan
9
4%
3%
4%
2,800
2%
Jan
Feb
35
7%
20
% Mar
Apr
9% Mar
372 Mar
•
90
9%
—
9%
5% Mar
">8
Mar
1
Apr
Jan
Jan
2%
Jan
4
98%
iV
i\
11%
1
Mills
Jan
104%
2,600
5
„
9% May
%
Co
Wentworth Manufacturing
West
Coal
Va
3%
3%
"5%
5
~5%
Inc
1
9%
Western Grocer Co
3%
1,900
•
Coke
&
Air Lines
Western
1.25
Utility $6 preferred
West Texas
A May
13%
6%
10
9,900
13,500
6%
4
Jan
5%
Jan
10
9
8
20
Western Maryland
Western Tablet &
Ry 1%
Apr
Apr
9
Mar
Apr
Apr
May
Apr
com
Westmoreland
Inc
50
14%
Jan
18
Mar
26
50
22%
Feb
26
13
—
:v
Feb
May
Apr
87
40
10
Shoe Mfg
Wichita
1
Mar
Williams
(R
lT
Mar
Williams
Oil-O-Matic
River Oil
C)
88
17
26
84
•
20
Jan,
17
1st pfd_.100
Stationery
Westmoreland Coal
Mar
Jan
4% May
;
Corp
&
Co
1
8%
10
6%
67
8%
50
5%
6%
5%
Jan
15
7% Mar
Apr
8% May
Jan
400
•
Portland
9%
8%
8%
9
1,200
6%
Jan
2%
3%
3,300
1%
Jan
3% May
11/4
1 %
1 %
400
\h Jan
1% Mar
5%
5%
5%
500
6
Apr
Mar
Heating
Inc
&
Power
Wolverine
3%
Jan
Products
Wisconsin
1
2%
Willson
Mar
8% Mar
x38 %
1
1729.
100
Waitt & Bond class A
2
~_j
1.11*
common
see
4%
90
% Mar
43
1V Feb
1%
6,100
50
Sterling Aluminum Products
Sterling Brewers Inc
Sterling
Inc
(J B)
4%
.
..
6% May
8%
Apr
•
1
1st preferred
2d preferred
Stetson
1%
1
900
•
Sterchi Bros Stores
5%
4%
Feb
May
Jan
600
:
Weyenberg
B
1
Stein
•
6% May
18
Jan
20,600
43
•
Co
Jan
13
,38
1
*
class
Co
Apr
3%
1
Preferred
Tube
Feb
%
3%
20
Common class B
Standard
W
Apr
Apr
900
17%
10
Standard
28
%
%
U
10
(Ky)
Products
Apr
2%
—
3%
1
preferred
Standard
9
10% May
%
'
%
2.78
(Ohio)—5%
Jan
23
•
Co
Standard Dredging Corp common
$1.60 convertible preferred
Standard Oil
Jan
1%
%
•
Corp
Oil
Jan
6%
300
MM
|||y
Standard Cap & Seal common
Standard
7%
7,900
2%
Wagner Baking voting trust ctfs ext..•
—
Inc
Brewing
Convertible
600
10%
26
mm
—.
8%
8%
•
———
Standard
8%
2%
'
1
Light 7%
Cement
Woodley Petroleum
(F W) Ltd—
3%
•
1
io%
3%
100
10%
10%
100
1%
Jan
Jan
9
4% Mar
11%
Apr
pfd—100
"3%
10
1
~6%" "7
Feb
4% Mar
400
4
Jan
7
6%
6%'
Jan
8%
Apr
2
Jan
4
Apr.
May
Woolworth
American
Wright
deposit
Hargreaves
receipts
Ltd
Bs
•
~3V8
_3%
"3%
10,100
-
Volume
■
i;
bonds
l.v.i-Vv,
Ended
Week
Last
Interest
Low
American Gas & Electric
2%s
s
f
s
f
1950
19G0
1970
Amer
1956
.Appalachian Elec Pow 3%s
Appalachian Pow deb 6s——
& Lt
Pr
Arkansas
A-O
1953
4'/2 s
Elec
Associated
5s
j-j
——
j-j
105
107%
2
107%
110%
Nor
105
—
j-d
96
96
88 Vi
92 Vi
2
106%
-
107% 108
j-j
deb
AConv
1948
.-.—1949
4Vis
123
46%
67
Oklahoma Nat Gas
25%
24
23%
24%
192
12%
25 Vi
Pacific
F-A
23%
23%
24
21
25%
Park Lexington
1955
M-S
81
81
82
37
83
Penn Central
-
1955
j-j
1964
$107
-
Steel
j-d
1950
6s
14
72%
Northern
2
5s
—
ctfs
Q-F
—
—
j-d
$109
j-j
$109%
107Vi 108
101
101
108
4 Vis
Power
Corp
Public
~
Edison
36%
22
103%
105 *
101%
102%
Public
Service
of Indiana
103 Vi
104%
Public
Service
of
85%
103
107%
108%
108
'
107'A
—
108%
111
6
115 '
105
106%
37%
13
154
38
107 Va
305
13
New
4s
certificates—,
5 Vis
series
3-D
112
111
111%
89%
77
3
•'/Y'T
106%
109%
6
103%
105%
3
106%
110%
138Vi
106% 106%
M-N
110%
^
105 Va 105%'
M-S
154
$148% 149%
a-0
83%
'
79
6
108% 109%
12
83
83 %
j-d
1952
M-S
1951
j-d
1951
1967
a-0
1970
a-0
1947
j-j
_1957
1965
3%s—-1970
j-j
45%
57%
103%
Scullin Steel inc mtge 3s
103
104 %
Shawinigan Water & Pwr 4%s
89
96%
Joaquin Lt & Pwr 6s B
San
"
4Vis
1st
Estate
Real
series
6s
D
89%"
91%
363
84%
91%
Sheridan
91%
90
91 %
28
83%
92%
South
91%
90
91 %
18
84%
94 ;
Southern
California
M-N
92%
91
92%
381
85
93%
Southern
California
1949
1951
j-d
94%
93
94%
29
86
94%
Southern
Counties
M-N
$119
119
120%
1971
1969
1976
j-d
$109% 110 Va
109%
84
1954
108%
131
$128
114
131
$60
A-0
90
90
>: 6
90
85 Vi
90%
102% 103%
32
100%
103%
102% 103 Va
103%
26
100 Vi
103%
103 Vi
105
103%
106%
110%
a-o
109%
1979
100%
7
108'A 108'A
—1952
A
4
—
Y<V
89 Va
3-D
-—
Harbor Water 4Vis
Safe
215
96%
89 Vi
Queens Borough Gas & Electric—
57%
96%
'26
110% 111%
$112 % 114 %
Jersey—
103%
$104% 107
111
A-O
100%
38
100%
100
__
M-N
M-S
97%
99
1969
Sinking fund deb 4s
perpetual
99
1964
1949
mtge 3Vis
1st
ASchulte
A-O
36
105
97%
105 %
36
'
102
54%
103
A-O
;■ '
$106% 106%
M-3
1956
4Vis B
(Can)
26
•
37%
35%
$100
57%
,
„
112% 113 Vi
1961
1959
E
5s
F
series
104
■
107%
34%
37%
M-S
extended
stamped
5s
102%
97%
97%
j-j
j-j
30%
102%
105%
24
-
Service Co of Colorado—
$107
j-j
39%'
104% 105
F-A
1950
119
104% 105
j-d
$35%
M-N
Coke Co—<
&
116
$104% 106
__
102% 103%
103%
1972
1962
Elec Power 5Vis
Philadelphia Rapid Transit 6s
117 Vi
101% 102%
101%
F-A
7s A
91
j-d
__
2%s ser Q
(Bait City)—
Gen mtge 4Vis
Continental Gas & El 5s
1st ref mtge
j-j
1958
1944
Cuban Tobacco 5s
1955
3%s
Packing
RR 5s
Water Lt &
Elmira
Empire District
El 5s
—.
80
4
79
2
101
m-3
87%
F-a
97
m-3
$123% 124 'A
3953
j-j
1978
j-d
95%
m-s
96
m-3
77%
77
77%
17
96%
96 Vi
3
91
1945
1958
deb 5Vis
1957
1957
1952
;__1952
1957
1952
1958
1963
1942
(stamped)
Jersey Cent Pow & Lt 3Vis
,
Kansas Electric Power 3 Vis—;
Electric 6s
Power & Light 3Vis
Kansas Gas &
Kansas
1965
1966
2022
1969
Superior Dist Pow 3 Vis
1966
Louisiana Pow & Lt 5s——-.1957
Lake
95%
95%
96%
95
1965
1945
1943
1967
1978
G
6Vis
AMidland Valley RR 5s
Milwaukee Gas Light 4Vis
Minnesota P & L 4Vis
1955
5s
1957
1951
Mississippi P & L 5s
Mississippi River Pow 1st 5s
1943
SANatlonal Public Service 5s ctfs__1978
Nassau &
Nebraska
Suffolk Ltg 5s
j-j
$109
F-a
102%
97
series
99
J-D
New Eng
84%
56
Toledo
77%
Twin
98%
5s
23%
23%
2
—
.
Debenture 5Vis
Orleans
Public
6s series
101%
Nov
3%s
Electric
United
84%
56%
19%
24%
111%
52%
107% 108
'A: 4
rH 0 CO nN -V*
108 Vi
96 Vi
103%
9
68
70 Va
78 Vi
79%
120
78 Vi
79
79
80'A
79%
78%
80 Vi
79 Vi
78%
79%'
79 Va
78%
a-o
31%
30
'i
28
F-a
103%
72
62
70%
64%
82%
57
65
82'/a
88
65%
82%
69
65%
82
112
65 Vi
82
79 Va
83
64%
82
31 Vi
18.
24
32
'
14
j-j
a-0
14
;
1
14
;12%
F-a
j
N
1949
4s
94%
15
91
97
1
97
93
96
94%
110% 110%
110%
111%
46
104%
19
102
106 Vi
a-0
f-a
(Delaware)
Lt & Rys
a-o
112%
—
A5s
105%
—
108%
24
23%
24
2
18%
23%
4
17
16%
30
16%
22%
5
19
22%
5
17%
—1954
debs_.
income
19%
21%
1951
Ry St Elec 4s
j-d
109
$109
61
4%
2
108%
109%
109
109
j-d
110%
102%
108%
110
118%
110
West
5s
Traction
Penn
5s
24
SAYork
Rys Co 5s stpd
5s
96Vi
97
7
85 Vi
f-a
76
77
2
63 %
77
j-d
87%
90%
4
75
90%
1947
unstamped extended to 19596s stamped extended to 1959
f-a
1937
6s
j-d
87%
90%
8
73%
90%
-
97
25%
84%
51%
170
74%
-
J-J
83%
82'A
J-J
50%
48%
72
36
107
2
106%
21
21
21
12
16%
60%
j-d
60%
5
107% 108
m-3
—
'
—
m-s
$106% 112
—
122% 122%
„
j-j
106%
—
106%
122
$108% 110%
123
113
108%
109%
108%
11
109 % 109%
109%
109
112%
1
New
25
York
Week
96
M-n
110%
3
100%
101%
1
108
109%
111%
AMaranho
100'A
102%
AMedellin
2
59 V4
61%,
61%
•
43
49
107
100
$24
a-o
100%
J-J
113'A
m-s
61%
59%
j-d
61%
60 Va
Mortgage Bank of Bogota 7s
m-n
61
59%
61
m-n
J-D
1949
j-d
33
1
23
10
A-0
$36
1931
1972
3-D
j-d
$21%
1958
1959
1919
1921
M-s
111
113
98
101
%
26
108
110%
114
de
A Rio
A
Russian
A5
Vis
(State)
Janeiro
36 Vi
36%
M-N
7s
6 Vis
Government
6 Vis
35
16%
23
32
33
d21
10 >
19%
20
41
19 Vi
1927
Mortgage Bank of Denmark 5s
36%
'
35
32
18
20%
45
•
•
49%
$43
35
1
22 Vi
29
29 Va
8
17
4
6%
552
2%
6%
4
35
j-j
3-D
j-j
47
35
—
6 Va
283
2%
65/a
5%
6%
35
.
30
117%
100%
78
97%
1
112%
114 Va
*
—
101%
113% 113'A
100
!:
63
14
84
•
•;
49%
62
50%
61%
50
61%
2
107%
91%
92
56
76%
92%
92%
92%
93
65
82%
93%
104
106
109
'
M
10
11%
15
19%
1927
107%
-•
108% 108%
—
Oct
103%
91%
■■
of
AMortgage Bank of Chile 6s
3
61%
•
33
j-d
109
12
62
a-o
$10
M-N
Alssue of May
$115% 117%
'
F-A
48
1951
1947
stamped
A Issue
26
j-d
m-s
52'/a
42
1958
7s
7s
1
100
109% 109 %
109%
44%
52
19 Vi
106%
AParana
■
52
$43
j-j
5
112% 112%
f-a
■■■
\
$44
M-S
108%
20
21%
14 %
21%
20%
(Peru)
103%
107%
106% 107
m-n
City
105%
$108 >A 109
52
46
$50
j-d
M-N
1952
6Vis stamped_1958
4
105% 105%
j-d
61%
ALima
High
Low
No.
$50
6%s stamped
14
106% 108
--
98
Range Since
January 1
Sold
110%
86%
I'-
106%
Bonds
High
Port & Waterways—
8
702% 102%
j-d
1953
5s
AExternal
96%
M-n
J-J
Last
Sale Price Bid & Asked
a-0
J-J
—
109'A 109'A
—
7
Agricultural Mortgage Bank (Col)—
A 20-year
7s
-April 1948
A 20-year 7s
Jan 1947
Bogota
(see Mortgage Bank of)
ACauca Valley 7s
1948
Danish
5%S—.
:L
«
1955
101% 101%
M-S
Interest
Period
Exchange
May
Low
Extended
f-a
Curb
Ended
Week's Range
or Friday's
Friday
BONDS
108%
60%
107%
$112% 113%
a-0
46
29
84%
51%
107
m-s
f-a
100
26
22%
J-J
98
.? 96
25%
22%
—
m-3
23
26
$22
A-O
19%
100
24%
J-J
j-d
m-s
99
26
22
f-a
j-d
99%
117
95%
Western Newspaper Union—
114%
23%
j-j
M-N
116
98%
Waldorf-Astoria Hotel—
Wash
AStamped
J-D
$97%
1
80
.
116 % 116%
F-A
109
10b %
96%
14
86%
85%
112%
106%
103
108 %
39
107 Vi
100 %
117% 117%
84%
$107
100
108
83%
m-n
11
108% 109
100 %
117%
103
109%
87
111%
108 Vi
101
100
85
112% 112%
a-o
80%
12
—
107%
j-d
22
$114% 118%
96%
1
36
87
1960
3
84%
a-0
86
2030
102%
84
,
"2
98%
98%
109% 109 %
86%
West Penn Electric
101
102
84%
115
101
100
f-a
109 Va
111
94'A
100%
j-j
107%
1964
m-3
—
108%
17
117
Wash water Power 3 Vis
104% 105
—
98 Vi
105 Vi
105
105
■
$115
13 Va ; 14
13
99%
19
J-D
m-n
:
.
& Power Co—
Light
1959
5%s_1952
United Light & Railways (Maine) —
6s series A
1952
Utah Power & Light Co—
1st lien & gen 4 Vis
;
1944
Debenture 6s series A
2022
106%
106% 106 Vi
J-D
8
106'A 106%
106%
A-O
-
J-D
1st lien & cons 5 Vis
United
108%
108% 109
__
J-J
3-D
15%
108
108%*
m-n
J-J
1952
5%s
$13
—
f
j-j
.——
95
Service—
A
5s
Power
Edison
City Rapid Transit
United
110%
$110% 111%
1954
;
England Power 3 Vis
England Power Assn 5s
A Income
109
F-a
1960
1956
2022
1979
1968
5s
A
Water
111
78
1
1961
1948
Gas & El Assn 5s
deb
j-d
Power & Light 5s
series
6s
Service
Electric
Texas
97%
44
1
56
1947
5s
5s
5s
Conv
79%
$nd stamped?—m-1946
Texas
90%
2
99
84 Vi
J-j
1948
1950
Elec
Gas
7-4s
96 Vi
108%
J-d
1956
1948
A
Amsterdam
F-a
gold debentures
1957
Power & Light 6s_——1957
AStarrett Corp inc 5s
1950
Stinnes (Hugo) Corp—
7-4s 3d stamped
1946
Certificates of deposit
Stinnes (Hugo) Industries—
57
100
109%
1981
2022
Power 4 Vis—
Nevada-California
103%
72
69%
70
A-O
6s
Tide
'
1948
1947
1971
Middle States Petrol
ref
103
78%
Standard
Danzig
Radiator & Mfg—
stamped—;
Mengel Co conv 4Vis
Metropolitan Edison 4s E
6s
&
a-0
1951
Dec 1 1966
6s—:
93%
McCord
series
108%
102% 103 Va
M-S
'
j-d
1955
1955
1
11
96
A-0
6s—
Superpower
Jacksonville Gas
101 % 101 %
1967
1953
1954
1956
May 1957
1958
1950
1963
1952
1970
E
1941 coupon)
F
A7s (July 1941. coupon)
Interstate Power 5s
Debenture
6s
Iowa Power & Light 4Vis
Altalian
94%
94%
a-o
--
series
May 1948
May 1948
6s
105%
91%
a-o
(Aug
A7s
A 7s
106%
70
Conv
107%
104%
97
series
A 7s
105
48
a-o
Hydro-Elec 5s
Indiana
Service 5s
1st lien & ref 5s
AIndianapolis Gas 5s A
Indianapolis P & L 3Vis
{International Power Sec—
A6Vis series C
A6Vis (Dec 1 1941 coup)
Indiana
51%
26
'^P'UA
107%
107
•
Jan 1949
3%s
51
,
105% p: 105% 105%
107
m-n
Jan 1949
52
$50
J-J
1966
ref 5s series C
1st &
J-D
1948
Investors 5s
& Pwr 3 Vis
A—
M-N
8s__
(stamped)
6s stamped
6s
Debenture
104%
1
96 Vi
Store Products
Guantanamo & West 6s
Lt 1st 6s ser A
1st & ref 5Vis series B
106
1961
3968
1954
1969
Grocery
Power
106
103
19
v
104% 105%
105%
124
104
4
104% 105
'
123 %
,
1965
1941
1950
1950
—1963
Coal 4s
SAGobel (Adolf) 4Vis ser A
Grand Trunk West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
Alden
Pwr &
;
97VA
m-s
Georgia Power & Light 5s
Hygrade Food 6s ser
6s series B
301
87%
87%
71
97%
96
m-s
79
87%
m-n
Residential Mtge Bank—
6s-5s
stamped
Florida Power Co 4s ser C
Florida Pow & Lt 5s
Gatineau Power 3%s A
General Pub Serv 5s
8 A Guardian
85
103%
L
Debenture
Finland
Houston Lt
92 VA
1954
5Vis
Federal Water Service
82%
230
92 VA
1952
& Light 5s
Power
Electric
121
123%
87
1989
123%
Spalding (A G) deb 5s
Standard Gas & Electric—
102% 103
102%
m-s
1970
2022
F-a
Southwestern
80
__
F-a
Southwestern Gas & Elec 3 %s
&
102%
$103% 104
j-j
1951
Rys 4s
103%
P
37
107% 107%
a-0
1971
mtge 3s
Indiana
104%
104
104%
(Calif)—
Gas
108
91%
92
F-a
j-d
1956
2030
1956
A
Eastern Gas & Fuel 4s ser
$122
Gas
104%
$104
$105% 106'%
M-S
3s
Edison
101%
5
103% 103%
__
Consolidated Gas
Cudaby
1st
5s
Power
105%
$107'A 107%
•
j-d
—
Coal 6s
Wyoming
Carolina
Southern
(Bait)—
& Pr
series N
1st ref mtge 3s ser P
New
103%
106%
$105% 106'A
114%
$103% 105
A-0
M-N
3 Vis
New
101%
Philadelphia
M-S
Consol Gas El Lt
New
101%
37
107%
F-A
Pennsylvania Water & Power 3%s_1964
3 Vis
1970
A-O
Connecticut Lt & Pr
6s
109
100%
M-N
5
$150
•
M-S
5 Vis
New
110%
106 Vi
1
j-j
19
118
M-S
5s
Debenture
1st
109%
24
100%
1969
Service P & L 5Vis—~L—1952
5s
4s
Y 35
1st mtge 3s
M-S
5s
A
109% 110 Vi
Lt & Pwr 4 Vis
Jan 3966
1950
..1958
5s
deb
Conv
f
106'A
5s
1st
119
115
118
3-D
1952
1955
5Vis A
B
Debenture
S
105%
F-A
115
115
M-N
1927
Elec
Rys 5s
Service
Cities
111
4
A-O
126
j-d!
1953
1964
1948
1954
1953
5s
——
Cincinnati St Ry
Idaho
105 Vi 105 Vi
F-A
108%
M-S
1954
5s
Central States P ft L 5Vis
Glen
3%s B
247
119% 126
1970
Power
States
A5 Vis
Cities
1097/a
105 Vi
108 Vi*
99 Vi
$100
122
1968
Gas 3%s
111 El &
series
107%
A-O
108%
6%
6s
3
12
106%
107%
Potomac
1957
1960
1998
——1962
Broad River Power
§AChicago
106%
108Vi 108 Vi
Light 5s
&
Power
Portland Gas
6s
C
{ACentral
106
108%
107%
107% 107%
107%
M-S
1947
Birmingham Electric 4 Vis
Boston
Edison 2%s—
Central
106
M-N
1955
1964
1977
Oklahoma Power & Water 5s
A-0
Bickford's Inc 6Vis
Canada
'
A-O
■
25%
5s series B
Bethlehem
109%
1979
25%
13%
13%
Telephone of Canada—
M
107%
1962
14%
196
Light
Convertible
82 Vi
5
Aug 1955
1948
4s
40
24%
-
deb
series
3s
mtge
Public Service
183
Baldwin Locomotive Works-
1st
1st
24%
24
115%
54 Va
1968
mtge 3Vis
23%
23%
107
115 Va
1971
1st
Power
23%
Avery & Sons (B. F.)—
5s without warrants—
5s
1945
105
5
80%
82
"
Ohio
23%
4Vis
Atlantic City Eiec 3 Vis
Bell
Gas 1st 5s
Ogden
109
5s'1
1968
5Vis——1977
ADebenture
Gas
F-A
F-A
-
Assoc T & T deb 5Vis A
Atlanta
1969
5Vis
15
107% 108'A
j-j
1950
AConv deb 5s—
AConv
112
82 Va
115% 115%
j-j
Utility
23%
24
M-S
j-j
j-j
1954
1948
3%s series A
1st
Ohio
4Vis
deb
2004
Westchester Ltg 4s
5s
&
Cont'l
107%
{Associated Gas & Elec Co—
AConv
Y
Debenture
125 ' " 126%
•
66%
65%
66
N
17
125
125
107%
106%
High
111
108 Vi
1
93%
107% 107%
<v
j-j
Low
113
$106
January *
No.
,
Northern Ind Public Service—
'$91%
—
—
5
102% 105
105
-
103%
104'/a
109% 110'A
m-s
1961
1970
2024
Ppw & Lt deb 6s
writing Paper 6s
Amer
•
3
Range Since
Sold
High
$111
M-N
1964
Gas 3%s
Bonds
Friday's
or
Bid & Asked
Low
103% 103%
j-j
Last
Period
7
May
107% 107%
j-j
2016
decs
Week's Range
Friday
Interest
Exchange
Curb
Ended
High
Co.—
debs
3%s
Low
NO.
High
York
Week
N Y State Elec &
debs
f
s
3 VaS
Sold
1729
BONDS
New
Range Since
January 1
Bonds
Sale Price Bid & Asked
Period
May If
/■■.
Week's Range
or Friday's
Friday
•
Exchange
Curb
York
New
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157
105% 105 Vi
1
♦No par
rCash
sale,
value,
a Deferred delivery sale.
x Ex-dividend.
$Friday's bid and asked prices; no sales
A Bonds
,
d Ex-Interest.
.
e
Odd-lot sale,
n
Under-the-rule sale.
..
being transacted during current week.
being traded flat.
{Reported in receivership.
^
-
_
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"w i," when issued; "w w," with warrants; "x w," without warrants.
Abbreviations
used
'
'
1730
'
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, May 10, 1943
OTHER STOCIC ^CHANGES
Baltimore Slock
1
May
both
to May
inclusive,
:.V^.• J.-'STOCKS
Sale Price
Corporation
Baltimore
1st
Transit
preferred
Consol.
Gas
Co
t
v
Elec
17%
...8
—
100
c„_
Fidelity & Deposit
———20
Fidelity & Guaranty Fire Corp
10
133
Oil
of
Texas
vtc
16
1.00 Mar
4,959
7,729
61%
Jan
9
5
19
Mar
Co
2.40 May
Jan
12%
Jan
57%
Steel
Acme
62% Mar
Jan
Adams Oil
Mt
New
H
Amsterdam
S
Casualty
Western
National
Bank—
Allied
13% Mar
8
15%
16
350
12%
Jan
17
35%
37%
425
25%
Jan
37% May
148% 153%
1.456
128%
Jan
153% May
26 %
Apr
American
Transit
Co
4s
series
25%
40
1,089
34
34
Jan
Laboratories
Chalmers
22
Jan
26 %
29%
Jan
32%
31
100
Jan
Aro
51%
53
$43,000
49
Mar
54%
63
60%
37.200
55
Mar
63
102% 102%
101%
1,000
Feb
5
Belden
Jan
Bendix
Feb
Co
Berghoff
Warner
Boston Stock
1 to
May
May
7
Exchange
inclusive, compiled
both
•'
Par
Mar
34
May
5%
450
2%
Jan
6
Mar
IS
150
%
Jan
1%
5%
6
%
7,250
3%
Jan
6% May
8
American
Sugar Refining—
American
Tel
American
Woolen
Anaconda
Copper
Tel
&
100-
Burd
19%
20
150
16
Jan
20
14%
14%
14%
200
13%
Jan
15%
Feb
8%
8%
550
5%
Jan
9%
Apr
5
38%
38%
l
5%
capital
cumul
preferred
3
25%
LOW
3
125
26%
60
17%
148% 153%
2,767
8
7%
50
Bigelow-Sanford Carpet 6 %
29%
Boston
&
Albany RR
Jan
127%
Jan
145
4%
24%
Jan
Castle
&
Co
(A
M)
Central
Illinois
Pub
Apr
Central
Illinois
Secur
Convertible
153% May
Central
8 % May
Serv
Elevated Ry
preferred
& South
pfd
Boston
Herald Traveler Corp—;
&
110
104
12
Jan
31%
West
class A
1st preferred—
112
„
Central States
Apr
Power &
96% May
Chain
24
Jan
30
Apr
530
62%
Jan
67
Mar
7'?•
class
—
17%
280
14
Jan
17% May
81%
364
3,480
5%
5%
4%
25
2%
Jan
5%
1,394
8%
Jan
31 %
Belt
Co
C
1st
Stamped
preferred
1
5
Convertible
—_100
6 %
6%
—
class
Boston
Personal
Boston
&
Cities Service
Apr
Commonwealth
Jan
7 %
Apr
Consolidated
Biscuit
Oil
2
63
Apr
5%
Jan
Apr
3%
5%
6%
810
Jan
7%
6%
377
2%
Jan
8%
Apr
3%
3%
60
3%
May
13%
14
389
11%
Jan
14 %
Apr
32
32
37
23
Feb
32
Apr
—.100
RR__
32
3% May
Corp
Cities
•—.—5
—
Service
8%
206
6%
Jan
♦9%
12%
116
3%
Jan
Co
,7%
289
4%
Jan
& Fuel
Gas
Common
prior preferred——
4%%
6%
100,
100
preferred
Mass Street
Eastern
2%
2%
700
%
Jan
2%
58
56%
58%
419
42
Jan
59
Apr
33%
32%
33%
190
19%
Jan
33 %
Apr
8
7%
—
.
1%
Apr
6%
preferred
class
106% 107
100
—
SS .Lines
30
98
Jan
110
Feb
39
80
25
Jan
39
Preferred
„———
Employers
13
605
6
Jan
13
Deere
—•
10
8% Mar
720
11
38
38
10
38
Apr
39
32
32
33
60
27%
Jan
34 %
7
285
2%
Jan
6%
1
Service
Public
Stores
National
*
Jan
%
2.400
io
Jan
r.
iif
19%
19%
83
Gillette
36%
36%
*
„——;
38%
36%
*
Safety Razor Co
300
10
May
1
22,350
HI
Jan
1
May
70
92%
Jan
104
A pi-
lit
6
Jan
3%
18%
18%
300
17%
11 %
11%
11%
3%
3%
4
100
11,310
42%
42%
350
72%
74%
100
8
45%
45%
10
15%
15%
150
75%
12
24%
5
11%
50
26
Jan
47% May
Apr
8% May
Jan
19
9%
Jan
11% May
2
Jan
4% Mar
38%
65%
42
8%
8%
Isle
4
A_—_——*
class
15
Royale Copper
Mai-
Jan
44 %
Jan
74% May
Mar
A pi-
46
11%
Apr
Jan
15%
Apr
Jan
76% May
12% May
4%
10%
15%
76%
672
12%
9
24%
5.900
3%
Jan
24%
6.850
21%
Jan
1.450
2%
Jan
2.750
7
Jan
5
11%
16
40
20
22%
23%
330
*
23%
23%
25
:
100
25
Mfg
&
110
20%
110
10
67%
10%
16
24%
5
Jan
16%
% Jan
19%
105
Jan
May
11% May
Apr
23% May
Jan
24%
110
Apr
Apr
May
18%
20%
950
18 >4
19
140
10%
92%
92 %
160
83
20%
21
600
17
15%
15%
100
11%
Jan
15% Mar
76
—30
7
Apr
76
42
Jan
76
14%
Jan
20% May
Jan
19%
Jan
96 %
31%
205
Jan
38%
MotoT Car
Fitz Simons
&
10
Apr
37%
•
1,916
8%
534
30%
Jan
38% Mar
Jan
4
8% May
Util
—
34%
35%
445
15%
15%
125
9
Jan
16%
12%
12%
200
10
Jun
13%
8
26
26
10
21
Jan
26
5
Corp
Co
15
:
1
6%
6%
6
1,800
26%
3%
Jan
Jan
6%
4
150
Feb
1%
1%
650
75c
32%
34%
752
28%
1%
4
May
Apr
Apr
May
Apr
28
27%
28%
700
Jan
30
16%
14%
17%
2.100
6%
Feb
38%
39%
135
33%
Feb
17% May
41% Mar
12
12
12
12'%
11
12%"
19
19
19
♦
common
23
Feb
Connell
Co common.:
Drive
8
Auto__
10
(Peter)
Brewing common
Fuller Mfg Co common
Gardner Denver
General
Apr
May
May
36% Mar
*
*
common
Dredge & Dock
Four-Wheel
15 v:
21
2
common.—
common
Fairbanks Morse
•'
Apr
1
Feb
'
common-
T
Inc
92%
100
Elgin National Watch
Jan
Apr
Apr
100
2%
common
Co
Amer
Co
5
i
General
Foods
Motors
Outdoor
8
common
Transport'
Finance
General
Bakeries
Feb
Mar
10
1 :i
270
•
—
General
Hathaway
Apr
Mar
15
4%
4 %
750
1.250
200
4%
1.550
9
Jan
6%
15
12
Jan
12% May
Mar
3%
common
16%
43%
3 %
8'
common
Adv
16%
43%
1
—
Corp
16%
5
common
Corp common
common
10
4
800
50
4.150
36%
51%
38%
245
50%
52%
2,700
May
19
Jan
%
General Electric
Mar
103
9%
103
620
)
& Cohn—
Electric Household
Fox
First
Feb
it
1
Eddy Paper Corp "(The)—
May
9%
*
—
Association
Group
Engineers
May
25-
Jan
15%
69 %
8%
common-
common
Rubber
Diamond
May
12
12%
•
common
15%
150
260
10
cumulative preferred-—
Eversharp
Eastern
210
18
81 %
5
common
Packing
Preferred
Apr
37%
100
B_
18 %
17%
25
common
Corp
Dodge Mfg Corp
5% preferred adjustment
Jan
*
Cunningham Drug Stores
Ry—
1st preferred series A——100
6%
20%
*
—
Decker (Alf)
*
26
5
Crane Co common—
Associates—
————.
24%
47%
—
common-
Edison
Preferred
Dayton
Eastern
9% May
7% May
*
—
4% Mar
Jan
6%
;
Container Corp of Amer common
12 % May
7
8%
————10
Range
Copper
%
8%
-.•*
Jan
5%
42%
common
Co.
Continental Steel
Cudahy
Calumet & Hecla
3%
2,650
80
8
Vtc pfd partic shares
Apr
5%
Prop Trust
20
11%
300
9%
Consumers Co—
5%
Apr
—*
preferred
Providence
5
7%
Jan
1%
671
,
Jan
—100
,.
1st
E
7:
Jan
1%
80
6
Chrysler
2%
2,328
4%
'/in class D 1st pfd stamped—100
10
4%#
Feb
130
4%
8%
l
preferred
2
55
6%
5%
5%
—100
20
May
Apr
5%
6%
19%
—5
Chicago Flexible Shaft common
Chicago Towel common capitalChicago Yellow Cab capital
Apr
30%
28
5%
—100
—
Apr
16% Mar
17%
8
Cherry Burrell Corp common
Chicago Corp common—
96%
Consolidated
Stamped
17%
Jan
7%
common,-
Jan
3Q
6
34
Jan
12%
46%
Light pfd
66%
—100
Jan
13
17%
*
17%
—100
class B 1st preferred-—.
26%
81
8
93%
—100
Stamped
8 ','c
17% Mar
50
50c
com
65%
—.
Feb
Apr
Jan
300
__8
—
Util
28%
—100
7% prior preferred—27
13%
440
34
7
5%
Jan
Jan
612
17
1
Prior lien preferred
Apr
Maine RR—
Common stamped
5'/c
31
110
—*
Boston
4%
4
1,050
x24%
8
common.
29%
100
800
5 %.
17
39% Mar
Jan
4
*
$6
96%
25
Boston
34
16
9%
10
common
Jan
26%
Jan
767
8%
High
3
Jan
66
100
Edison
Boston
i_
pfd—100
20
30
Preferred
—
7
770
17
1
10
•_
conv
6%
33
17
10
common
39%
May
16
*
common
Ring
9
5
15%
5
common
Brothers
5
5
common
J)
7
l
—5
Campbell Wyant & Cannon
Foundry capital
Range Since January 1
High
3
151
Bros
Piston
Butler
lists
Sales
Shares
Low
100
Bunte
sales
Feb
20
Corp
(E
32
1% Mar
%
common
(EL)
300
Apr
16% May
Jan
8
Corp
Sons
34
6
Jan
%
for Week
of Prices
1
______
official
Range
Sale Price
Alles & Fisher Inc...
from
Week's
Friday
Last
STOCKS—
&
34
Jan
Apr
5%
—
Borg
10
1,150
Apr
10
;
Binks Mfg Co capital
& Laughlin Inc common..—
Bruce Co
3
1,950
May
6%
3
Bliss
Brach
11,350
1%
"5%
4
common
Brewing
5%
16%
1 %
9
3
Corp
Aviation
5%
15%
1 %
8
common
Common
common
Radio
16
1
Wheel: capital
Mfg
Belmont
5%
1
common
Washer
37
100
Aviation Corp (Delaware)
May
102 %
capital
common
Investment
Athey ..Truss
•
Co
common
Mfg Co
Bastian Blessing
63
—1975
Co
Tel
Equipment Co
Automatic
May
common
Mfg
&
Co
Associates
Apr
Feb
34
Tel
&
Asbestos
3.25 May
•
53
1975
:
B
May
32%
—
1975
5s series A—
5s
Apr
34
25%
.
■
230
31%
Bonds—
Baltimore
Jan
Mar
1.80
50% May
Jan
Jan
27
Jan
11
22%
210
41%
250
70
2
125
62% Mar
13
26%
1
50%
High
Jan
12%
26%
217
50
9
Low
51%
*
Allls
3.25
50
4
common
Range Since January 1
158
Jan
Feb
34
25
62%
Jan
May
230
Gas Co
59%
2%
38
—
—20
&
common
Shares
High
6
133
34
Co
•
for Week
Range
of Prices
Low
450
Jan
125
Sale Price
650
Mar
32%
50
lists
5%
35%
230
2
Fidelity & Guar...
sales
9
12
2.30
official
Sales
7%
78
<
from
Week's
4%
38
__
compiled
5
133
—
inclusive,
Advanced Alum Castings
Aetna Ball Bearing common
38
,.—50
(Tom) Distillery—.:——..25
Vernon-Woodbury Mills com100
Moore
both
Abbott Laboratories common
Armour
Mercantile Trust
7
Par
—
pfd———25
May
STOCKS—
131
-
to
High
__
—
Houston
505
12
61%
__
Range Since January 1
Low
2.40
10%
11 %
Light & Power coin_'
1
Last
Shares
17%
1.75
May
Friday
High
17%
2.35
vtc—*
common
lists
for Week
of Prices
Low
Chicago Stock Exchange
official sales
Sales
Range
Par
Arundel
from
Week's
Last
■
Exchange
compiled
Friday
May
4% May
14
Jan
16% Mar
37%
Jan
44% Mar
Jan
2
4
May
34%
Jan
40% Mar
44
Jan
52% May
%
Copper
*
1%
Feb
General
4%
900
3%
Feb
Gillette Safety Razor common
Kennecott
Mar
8
8%
8%
1,250
4%
Jan
Jan
35%
Apr
Goldblatt Bros,
8% May
8
5%
6%
200
4
Jan
8
37%
211
25
6% May
38% Apr
Inc,
Goodyear Tire & Rubber
Lamson.Corp
(Del)
4%
5
common
Theatres—
Boston
Loews
25
16
4%
561
16
25
3
Feb
xl4%
Jan
5% Mar
16
Apr
Gossard
Co
(H
Lakes
Great
Y)
Dr
8
common--common
8
common
Dk
&
8
i
com
Hall Printing Co. common
Maine Central RR
5%
100
common
Associates
v
Mergenthaler Linotype
6%
1,416
1%
2%
455
33
1%
46%
12%
Jan
12c
jJan
300
47
80
35%
Jan
Jan
6%
33
1%
47
5
1
5%
5%
240
3%
Jan
5%
5
Tunnel &
10%
9%
10%
244
6 %
Jan
England Tel & Tel
N
N H
2%
2%
180
2
Apr
382
86
100
& Hartford RR
2.50
104 % 107
105
100
North Butte Mining—
May
Harnischfeger
Hein Werner Motor
Apr
Hibbard
May
Horders
Colony RR
1%
1
1 %
338
Apr
A
Jan
Apr
Apr
2% Mar
107
May
2% Mar
68c
75c
4,400
24c
Jan
80c
Apr
35C
40c
195
15c
Jan
99c
Mar
24%
75c
Mills
Pacific
—_—
Pennsylvania
———
Button
Reece
4
50
RR
Quincy Mining Co
Reece
—100
-
24%
24%
100
19
Jan
27% Mar
29%
31
&
Stone
Assn.
32
23 %
1,203
Jan
32%
Apr
*
Steel
Products
Iron
Drug
United
Fruit
Jarvis
200
255
8%
1%
100
1% May
9% Jan
12%
5%
Jan
10% May
Lincoln Printing
29%
Jan
33
United Shoe
6%
U
Co
Machinery Corp
preferred
cumulative
Rubber
S
Utah
Metal
11%
11%
40
9%
10%
921
33
32%
Jan
Jan
1% Mar
10
Tunnel
Mar
Apr
33
110
Apr
32
33%
3.819
29%
Apr
37
—
12%
12%
164
7%
Jan
64%
61%
64%
1,412
60%
Apr
12% May
68% Jan
25
32%
System
Inc
•
Westinghouse Electric
Katz
Drug
Co
50
&
Income
Eastern
Maine
mtge
Mass
Street
footnotes
Co
&
350
7%
Jan
Lion
Co common
30
25
Jun
33
13%
90
11%
Feb
13% May
15
14%
15%
925
10
Jan
2,770
15% May
2% May
9"%
—
^
—I
—
—
common—
69% May
Marshall
Field
Masonite
Corp common—
9%
94
48
25%
Jan
42
23c
Jan
48c
May
Apr
McCord
320
7%
Jan
10
May
94%
105
90%
Jan
100
Apr
$4,000
40%
Jan
54
Apr
*
1735.
104% 104%
15,000
103%
Jan
16% May
23%
450
19
17%
225
11%
Jan
250
4%
Jan
17% May
6% Feb
5%
6
2,350
7%
Rad
A
&
104%
Apr
Feb
70%
70%
10
63
Jan
73% Mar
67
69 Ve
640
57
Jan
70
17%
67
—
17%
50
17%
Apr
18%
13% May
12% May
Mar
Apr
9%
Jan
12%
12%
12%
225
8%
Jan
4%
4%
1,000
3 Ve
Jan
4% May
7%
6%
7%
1.550
5%
Jan
7% May
*
3%
3 Ve
3%
6%
6 %
7
8
1%
1%
1
8
conimon
Mfg Co
3%
Feb
Jan
7%
Apr
Jan
1% Mar
%
60
9%
100
2%
Jan
10
10
200
7%
Feb
10
19%
270
12%
Jan
19%
19%
19%
40
Jan
20
6%
6%
4.800
4%
10
6%
31
4%
V 32
,
160
•
23
1
4
1
•f 4
14%
14%
1.050
32%
14%
8
class A_
2% Mar
5
2,000
19%
8
•
15
15
150
11.600
%
34%
112
19%
25
1,450
15%
2%
Jan
Feb
28
Mar
16% Mar
4%
common.'
..
Mickelberry's Food prod common
West Corp capital—
Midland United conv pfd
3
4
4
Ve
4%
4,200
750
Feb
May
Apr
Apr
6% Mar
32
May
10
Jan
14% May
32%
Jan
37% Mar
13
Jan
25
May
Merch & Manufacturers Sec—
Class
10
50
3% Mar
Jan
Jan
16%
23
1.650
8
46
160
Jan
15
16%
5%
8
Jan
2,300
if Jan
1%
23
16%
Consolidated'Mfg capital-.-.—8
Jan
38C
300
13%
Loudon Packing common.—..
42%
42
2%
3
11%
Liquid Carbonic common.
63%
40%
1%
3
Refining Co capital———8
po
35C
'
.
35c
2%
3
Apr
13%
common-———5
684
Apr
Apr
31
13
8
preferred
Chemical
Oil
8%
31
7
common
45%
Ry—
page
8%
8%
Apr
Apr
10% Mar
13%
1%
3%
Jan
4% May
Feb
4% Mar
5
8%
8%
9
7,050
4%
Jan
8
10%
10%
11
2,950
8%
Jan
9% Apr
11% Mar
prior lien—2__—
100
preferred class A—__.—100
Miller & Hart $1 prior preferred.—10
Ve
%
100
%
Jan
11%
10%
11%
950
8%
Jan
11 Ve May
2%
2%
2%
10,900
1
Jan
2% May
Middle
Utilities—
7%
1970
1948
see
Jan
8
Libby McNeill & Llbby common
Midland
series A
4%s series A
For
7%
1
69%
RR—
4%%
150
1
common
45
—
8
common
Switchboard
Kellogg
Mapes
BONDS—
Boston
9
9
_1
68%
69%
25
1
Feb
'
Waldorf
16
1% May
5
10
&
21
Jan
8
8
common
Lindsay Lt &
66c
•
—._
Jan
12%
1
Mfg vtc
(W B) Co capital
9%
10
5
Inc.—:
17%
137
8
Fireman
1%
*
Drill
Twist
United
12% Mar
600
8
common
Inland Steel Co capital
International Harvester
Line Material Co
Union
100
c
Joy Mfg Co common
—4—*
(The)
Co
Jan
19%
16
1
Independent Pneumatic Tool v t
Indianapolis Pwr & Lt common
$3.50
Torrington
10
19
15%
——10
Illinois Central RR common.
1 %
———10
———
8
Hupp Motor Car common
9
Mach-.
Webster Inc—
B
Illinois Brick Co capital——'
Leath
Shawmut
class
50
Jan
4% May
19
3
—
1%
25
_
Hole
Folding Machine
Parts
12
12
%
151
10
common
Spencer Bartlett common—_25
Inc common
J.
8
Indiana
Old
Corp
—10
38
10%
2%
Mines
New
Apr
Houdaille-Hershey
Assn Trie
Narragansett Racing
Y
32
1
t c—
——
Nash-Kelvinator
National
6
;—100
preferred
Util
Mass
6
4
2%
T'/o
Common
stock
v
t c
*
12%
50
Jan
2
4%
Apr
S'„
Apr
THE COMMERCIAL &
Number 4175
157
Volume
FINANCIAL CHRONICLE
1731
.
OTHER STOCK EXCHANGES
Modine
common™.—*
Manufacturing
Chemical
Monroe
Co
Ward
Montgomery
28
200
%
•
413.8
42%
354
33%
0
28 %
26 %
Co
10
3
2s/B
common-
&
common
Muskegon Motor Spec class A
28
Jan
22
50
28
Mar
26%
9%
Jan
14%
Apr
National
Cylinder Gas
Standard
Apr
Noblitt-Sparks
Norm
14%
10
33
327/s
33
300
26%
Jan
33
5
33
1
common
common-.
Northwest
North
lnc
Airlines
West
Bancorp,
Util 7%
31%
33%
707
23%
Jan
33% May
Clark
14%
15%
1.000
8%
Jan
15%
Apr
Cleveland
17%
17%
100
12
Jan
18
Apr
Cliffs
"
18%
235
14%
Apr
19% May
Eaton
14
19%
14%
150
1U%
Jan
14%
17%
17%
20
Jan
20% Mar
common
X14
•
100
common
preferred
9
Apr
Corp
Co
Pen
Parker
Pea body
Coal
(The)
B_._.
common
Corp
Jan
2%
Feb
•24
Kelly
4% May
80
82
140
70
Feb
17
17
100
14%
Jan
—50
30
31%
750
23%
Jan
32
Peoples Gas Lt & Coke capital——TOO
52%
54%
582
46%
Jan
54% May
*
30%
30%
1
-1
2%
preferred
Switch class A—
—
capital
RR
Pennsylvania
(The) Co
Perfect Circle
Poor & Co class B
(The)
Potter Co
common—..
Pressed Steel Car common
11%
11
600
250
t
Apr
Jan
30% May
an
2% May
Jan
6%
11% May
Quaker
Co
Oats
*
iS%
50c
—5
common———*
20%
preferred
—
Sangamo Electric Co
10
147%
Feb
•155
Mar
350
2%
Jan
10
Apr
3%
4; 0 00
1%
Jan
20%
3%
common.—
20%
400
Jan
21% Mar
200
7%
Jan
12 %
59%
Jan
71% May
3
19
—1
12%
12%
capital
*
69 %
71%
843
Serrick Corp class B common
—~1
3%
400
Roebuck
Sears
capital—
Cummins
Schwitzer
Co
&
3%
3%
Common
National
Nestle
40
29%
Jan
34
0
100
9%
Jan
14 %
May'
25%
25%
26
200
23
Jan
27 %
Apr
5
98
Jan
40
83
Feb
3
Jan
6% May
1%
Jan
2%
pfd———100
preferred-—.---0
&piegei; Inc., common.
...
2
Standard Dredging common.
1
Preferred i.—_—
-20
Southwest Lt
&
Oil
oiaboard
Elec
6%
180
212
2%
2%
1,350
15%
15'%
Texas
Co
Carbide
Union
8
U
S
Steel
preferred.;
cumulative
7%
Utah
Radio Products common
Walgreen
Wayne
Co
Westlnghouse Elec & Mfg
Oil-O-Matic
Williams
Indust
Woodall
1.450
14%
Jan
25%
1,900
22%
Jan
25%
Apr
35%
187
29
Jan
35%
49%
42
Jan
50%
11%
400
8
Jan
84%
611
79 Va
Jan
85%
155
59%
Jan
70'/2
735
16%
Jan
57%
1,400
47%
Jan
119%
200
112 Va
Jan
4 Va
2,650
2
59
Jan
1
4%
505
20%
Jan
50
18%
Jan
34%
225
26%
Jan
35%
95
450
80%
Jan
Firestone
&
T
R
5 Vb
Jan
9
200
1%
Feb
7%
5%
Jan
6%
3% Jan
700
6%
6
Jan
2enith
•
29 %
30%
290
19%
Jan
General
Electric
Glidden
Co
Steel Corp
Bethlehem
Electric
Industrial
Rayon
Interlake
N
Y
Ohio
Iron
30%
Central
45%
Jail
67%
698
56
6
9%
1.050
37%
1.328
9%
420
69
Jan
%
Apr
9 % May
Jan
6
Jan
37%
Apr
Jan
30%
9%
Apr
Pictures
common
capital
Inc
•
(The) common
Oil Co
U
Coach
S
•
Standard Oil of New Jersey capital—25
Studebaker Corp common
1
U. S. Rubber Co common
10
Yellow Truck & Coach class B
1
Jan
9%
Jan
20
Mar
Feb
10
May
Jan
20 V4 Mar
7%
19%
a
19%
50
a
30%
a
37
40
a
36% a37%
a
19%
a38
to May
ai9%
Bnggs
Brown,
_
*
1 to
Fibre
&
Detroit
&
Detroit
Edison
19 %
12%
inclusive,
May
16,550
Jan
5
P
T
&
_
...
14
"12% May
1
......
.
Apr
Federal
57% May
13%
•4,525
5%
Jan
13 Vb
May
Gar
41
15
25 Vi¬
Jan
41
May
General
16%
55
la %
Jan
17 %
Apr
General
Trailer
Freuhauf
Finance
Motors
.
7VB
Lock &
Hurd
Kingston
Kinsel
Low
High
High
Jan
1%
Jan
125
17%
Jan
20% May
10 %
'
20%
..
105
5
3%
2%
Feb
159
98
81%
84
Feb
10
115
Feb
Apr
Apr
3% Mar
98
Jan
10
90
90
117% 117%
3
Jan
146
10
97
27% May
20%
480
244
3
50
Telephone
50
May
90
Apr
117% May
—
—
*
Corporation
Eagle-Picher
Crosley
22%
9%
1,200
26
*
Jan
22 %
May
10% Mar
Jan
271
16%
Jan
25
Mar
26
200
20
Jan
26
Feb
32%
562
243a
Feb
32% May
102% 102%
32 %
7%
25
30
•
10%
25%
22
4
102% May
102% May
23%
231
Feb
1%
4%
4%
600
2
Jan
4%
15
Jan
17
May
Jan
8
May
Miami
.50
guaranteed
*
Lunkenheimer.
,
Magnavox
102%
23
23
4
2.50
...
;
—-
*
Procter & Gamble common.
_
''B"_
.
Rapid
U
S
Playing
U
S
Card—.
Printing
_
5
.
«
■*-
•
1%
Jan
198
48%
Jan
43
2%
Jan
150
2%
Jan
39%
280
30 Vb
Jan
39% May
4%
150
Jan
5% Mar
3%
3%
5
4
20
.
v
3
4% May
56
,V'
Mar
4
Mar
5
May
Screw
25
Rolling Mill
City Ice & Fuel
Standard
For
*
4
10
Brands
see
page
1735.
52%
•
Motors
footnotes
14%
14%
.
Columbia Gas
General
100
2
1,350
24%
100
5%
6 Va
12,585
3%
3%
51
51%
"
3%
^
1
1%
2%
5
6 Vb
6 Va
7%
4 Va
13 %. Mar
16% Mar
2
1% Mar
34% May
3%
Jan
6Vb May
2
Jan
3% Mai-
3%
1,246
1,719
44%
Jan
51% May
3%
1,185
1%
Jan
3% May
2%
13,993
6%
502
4%
Jan
550
14%
Jan
19
'
83c
Jan
2% May
6% May
15
15
120
9%
Jan
15
May
10
1,563
4%
Jan
10
May
81c
1,500
Jan
83c
9%
77c
77c
69c
69c
74c
23%
3
10
—
_
--
3%
2
...
1
_
1
1
3%
975
51c
1 Va
1%
1%
49c
Feb
75c
23%
120
19%
Jan
23%
Apr
4
900
2%
Jan
4'
May
Jan
28c
Apr
1%
Jan
2
Mar
300
1%
Feb
2 V'a Mar
1%
Its
6
6
1
1
—
Abrasive
Mid-West
1
common
_
_
Products common—
Motor
Wheel
7%
10
Micromatic Hone common
.
50c
.
5
common
5%
1%
2
200
100
1
7%
5%
440
200
4%
62c
6%
4%
Jan
6%
Jan
1 Vb Mar
Jan
7% Mar
Apr
5%
Apr
2% Mar
Apr
1,350
2
1%
Jan
350
10%
Jan
15%
%
Jan
18%
Apr
5%
Jan
9%
Apr
15%
15
15%
17%
17%
17%
250
8%
9%
1,705
10
Murray Corp
1
13c
1,000
U
Preferred
1 % Mar
Jan
540
300
1%
Apr
1%
27c
-2%
.
.....
Apr
3 V'a May
Jan
900
1%
25c
25c
.
_
common
Apr
19
1
common
Sugar
May
Jan
17
19
9%
_
Michigan Steel Tube common
Michigan
Apr
15
_
Products common
Oil
Apr
51%
1
common.
Feb
19
10
B
Michigan Die Casting. _
Michigan Silica common
14
14%
378
10%
10%
Jan!
Jan
15%
14%
Apr
14 Va
50
3%
4%
1,707
Jan
4% May
50%
52%
344
44%
Jan
52% May
7%
575
4%
Jan
7% May
14%
7
Motor Car
Packard
2
Apr
»
common
h1
4%
Apr
common.
Rust-Proof
Parker
Apr
1,837
1,167
28
Jan
29% May
18%
100
16
Jan
18 Vb
May
8%
8%
8%
535
1%
1%
1%
2,730
2%
common
a
Parker-Wolverine
Mtl
common
Prd
.
.
1
common..—
Prudential Invest common.
1
Raisin
Standard
Pattern common
Tube, common B
Brewing,
Warner
Aircraft
Wayne Screw
Wolverine
2%
1%
1%
2
1
1
8%
Apr
1%
Apr
Jan
2% Mar
1%
Jan
2% Mar
100
2%
Jan
4%
2%
1%
Jan
2%
1%
200
1%
Jan
2
Mar
2
300
1%
Jan
2
Apr
Feb
3
Mar
,
Vv.
2%
1
750
2%
4%
200
8%
5
100
Apr
4% Mar
8%
5
•-
2%
4%
2%
V
Specialties
Graphite common
1%
Jan
Jan
1,805
4
2%
common
United
5%
76c
1,750
2%
4
1
—
...
Investment
2
2%
2%
1
1
common
Udylite common
U S
*
common
Manufacturing common
Simplicity
Tivoli
PaDer
2
—
150
...
.
River
Sheller
Jan
4%
29%
_
__
2%
4%
28%
18%
4%
«
Davis
Parke
Union
Unlisted—
American
16
24%
5%
1
——
465
24%
10
.
8
2
•
1
_
275
16
1
17
8
5
common
McClanahan
Peninsular
244
4%.
54 %
39%
10
—
•
4%
•
«
:
53%
54%
!>
Randall
17
17
5
.
Bearing common
Wines
LaSalle
Apr
19%
23 Va May
70
'
Little
5
Jan
3
Jan
Jan
10%
$
Kroger
Jan
70
25
10
L—*
—
Art
Gibson
16%
22%
9
Jan
60
157
70
'
Insulation
Formica
68
7% Mar
1,679
8%
8%
8%
70
3% May
Range Since January 1
Shares
27 VB
7% May
Jan
.Tan
_
_
common
Jan
1
70
Mfg common
(S S)
Apr
4%
r%
...
class
Apr
Apr
15
900
4
Products common
Drug
Kresge
750
1%
12%
Jan
1,959
*
official sales lists
1,985
3%
Jan
Jan
2,541
..
Hudson Motor Car, common...
Sales
7 V'a
3%
4>/b
3
common
Houdaille-Hershey
6%
1%
9%
12
1 Va
common
Ball &
170
4%
common
..
690
15
3%
1
common..
common.
1,500
6% May
28% May
18%
...
common
Brewing
Lamp
1,297
1%
High
Jan
Jan
1 Va
common
Industries
Wood
28%
4 Va
21
1
Frankenmuth Brewing common.
Jan
1,828
18%
common
Apr
Jan
Low
6%
15
5
7%
4%
Range Since January 1
—.5
Mogul common..
Corp
Shares
High
12
1
...
common
Steel
46%
for Week
1%
1%
»
common
Stove
Vacuum common.
437
of Prices
official sales lists
12%
27 Va
.
in
19 %
Jan
6%
18%
Motor
Cincinnati
of Pirices V
6%
a
Cincinnati Street
I
1'
from
compiled
Low
1
Eureka
1.225
3%
„
Associate
Sales
common
Iron
Gray
1,690
20
20
100
——*
Feb
for Week
common—.
Cleveland Nav common -10
Detroit-Michigan
7%
3
97
51%
Jan
5530
Range
Milr.er
Detroit
18 %
10
100
York Curb
Week's
*
57%
26%
5
Crank.
...
Cincinnati Gas & Electric pfd—
Preferred
New
Sale Price
common
May
Jan
10%
—
Ball
49%
Chicago Stock Exchange
7 both
May
Motors
% May
9%
Low
20
Apr
DETROIT^
common
36 % May
1,710
Range
$
19%
25
Building
Paper
Continental
Crowley,
Masco
Paper
a9
al4
Stock Exchange
Manufacturing common.
McLaren common
—
Adding Machine
26
19%
Week's
27%
Industries
Cincinnati
25
14% Mar
50
al4
••
Burger Brewing
Churngold
%
56% a56%
a9'/4
a
Burroughs
16%
Par
Aluminum
190
72
»
41
Last
19%
a
120
0
Baldwin Rubber common
12
Friday
60
110
a9
17% al8'/8
1
STOCKS—
6%
Sale Price
10
a38%
Last
20
26%
7 both inclusive, compiled from
STOCKS—
87
19%
a
Friday
Jan
15%
633
6%
Cincinnati Slock Exchange
t
6
13%
Detroit Stock Exchange
Hoover
May
50
Telephone: Randolph
54%
__
900
10
a20% a20%
a
common.
Ford
Hall
O
4%
450
Members
Graham-Paige
N
380
York Stock Exchange
New
Goebel
C
7 %
18%
•
Jan
2,500
17%
12%
7 V4 May
6%
Watling, Lerchen & Co.
Jan
4,950
36 %
10%
7%
30 V4 May
52
•
Apr
26%
17%
•
•
of America common
Republic Steel Corp common
a30%
a30
*
common
Mar
20
11%
Standard Brands common
Feb
75
18 V4
Steel
Detroit
Radio Corp
23%
Feb
May
100
a8%
common
Youngstown St Door
10%
33%
36%
5
189
Republic Steel
Twin
23%
2.575
18%
26%
Jan
38
12 % a 12 %
a
Jan
520
10%
25 %
18%
1%
1%
1.715
al7% al8'/B
Jan
18
22%
9%
18
*
*
*
RR capital
York Central
Paramount
85% Mar
Apr
30%
Par
21%
5
Corp
Nash-Kelvinator
5
29%
Oil
Apr
24%
615
9
10%
6% Mar
Jan
0
common
RR
Apr
57%
3.300
56%
9%
22
Jan
1
a42%-a43%
10% May
30%
36-%
37%
a
Feb
65
0
Apr
31%
Jan
65
1
Co common!
L)
(Glenn
Champ
4%
30
3%
3%
f8%Mat
25
630
1%
a22% a22%
12%
Jan
200
6
79
1 %
common
Consolidated
Pure
6
16 %
100
18%
79
Jan
Mar
Jan
29%
X65
1
*
•
Co
Interlake Iron Corp common
Pullman
a
18% Mar
Jan
2%
100
10
common
7% May
6%
2,300
10%
8%
54%
•
common
Curtiss-Wright
New
al8%
14%
125
2%
al3
Stocks—
29%
125
16
2%
10
common
May
Mining—.—-
15%
al3
Apr
70%
Jan
Martin
15%
Feb
6
7% May
4%
General
667
4% Mar
50
58%
Copper
Jan
5%
common.. 10
common
Mar
300
3Vb
7%
Topeka & Santa Fe com—.100
4
11%
Unlisted—
Addressograph-Multigraph
Apr
8%
125
Anaconda
Apr
6
24% Mar
3
1,300
Atchison
Feb
XI %
95% Mar
8 %
10%
35%
Jan ;v.
27% May
27%
933i
•
50
Jam
9 Vb
5%
50
Apr
23%
7%
Radiator & St San com
30%
10%
Apr
34 V8
6%
Unlisted
Apr
95
0
j—__
Motor
119% May
23%
5
American
May
1
Works
Detroit
67%
*
50
34%
5%
.-0
27% May
66%
common
40
Mar
48
11%
5
Mar
68%
*
Corp
Mar
35
375
25
Tool
White
100
34%
*
Iron
Vlchek
33
148
48
*
Inc
Apr
Jan
Apr
26%
8%
Dorn
237
40
a37% a37%
0
...
Ohio
Prod
*
Mar
12
27%
55%
23%
A..—
Mar
(Wm Jr) Co capital
Yatcs-Amer Mach capital...*.:
Wrigie.v
Radio
Van
40
Apr
Apr
221
3%
0
0
e
2
common
16
118 Vp,
57
common...50
Wisconsin Bankshares common
12 % May
24%
*
common
2% May
Jan
18% Mar
82%
100
Inc common..;
Wieboldt Stores
Jan
May
68
1
capital
Co
Union Tel common——
1%
7
150
1,371
35
11%
84%
*
common—
Pump
Western
Apr
Jan
48%
11%
5
-*
—100
1
common
2% Mar
%
35
capital
Transp
Mar
16
24 Va
20
common.—
Lines
Air
capital
Carbon
<fc
Co
Gypsum
United
U
capital
.
(The) common—
Apr
15%
15%
'25%
—25
.25
Corp
Trane
May
28%
2%
2%
97
972
11% xl2%
1
—5
SunQstraiid Macnine Tool common.—5
Swift & Co capital
-25
Swift International capital.——15
Sterling Brewers Inc common:
Stewart Warner Corp common
105% May
400
1%
35
32%
Jan
13
250
16
1V8
1%
35
25
capital
Indiana
oi
6
0
common
97
97
& Pow
Gas
105%
105 %
class
Upson-Walton
May
14%
Works capital—_—5
Lathe
Thompson
35%
*
class B
of
14% Mar
Jan
0
—
Oil
Jan
35%
•
new......
6%
Bros.
Richman
Standard
10 V4
60
14
"
Electric
Renance
1,139
13%
1
Tile
LeMur
71
>
—
preferred
Brass
Jan
236
»
Cement
Refining,
Prior
National
59
8Mar
'
50
16%
a69
a40% a41
Jan
34
13%
Southwest Gas & Elec 5'<
Standard
Apr
4%
Mar
3
Apr
33%
—
Bend
3%
14%
Signode Steel Strap preferred—'——-30
South
Mar
92
250
87%
—100
Raytheon Mfg Co
Jan
70
89%
149% 149%
8%
8%
89
common
Preferred
Acme
15
0
Manufacturing
Ohio
National
Ohio
i
Tr—
Paving Brick—
Murray
Jan
*
&
Lime
Portland
Metro
10% May
*%
600
2%
17% Mar
%■ Jan
22
50
10%
9
——
i
10%
*
Sessions.
&
Medusa
Mar
82
100
...10
6%
Penn Elec
Island
25
100
Steamship
Lamson
300
14
*
Lakes
Interlake
May
8%
•
F.—
B.
Feb
Jan
a69
«
...
May
4%
6V4
16%
69
ft
common
High
5
120
8%
*
Tire & Rubber
Towing—."
Goodyear
5
al4% al4%
0
r._l
preferred
Iron,
Manufacturing
Goodrich,
7% Mar
Jan
14%
5,500
4%
3%
4%
4%
250
24
23 %
o
1.350
7 Vb
6%
6
common..,.—10
common...
Cliffs
5
Low
High
5
Fuel—..—
Range Since January 1
Shares
of Prices
Loxo
50
Controller
Great
Omnibus
&
Ice
City
Manufacturing—
Coach & Body
American
0
Car common.
Northern Paper Mills common...
Northwest
Brass
20
capital
Ind Inc
American
14 '/a
210
for Week
Range
Par
lists
official sales
Sales
Week's
Sale Price
STOCKS—
from
compiled
Last
Apr
25
inclusive,
Friday
Akron
National
both
Apr
42% May
Jan
7
May
May
3%
Jan
to
1
May
High
Low
High
Low
Par
.1
Range Since January 1
Shares
of Prices
Sale Price
Cleveland Stock Exchange
for Week
Range
Last
STOCKS-
Sales
Week's
Frlday
8%
8%
100
8%
3%
3,775
Apr
Apr
Apr
5% Mar
——
5
—.
.
common.
—
1
Prod common——— -.4
Brewing common—
—
1
'
1%
1%
1%
1%
4%
4%
4%
525
4
3c
3c
300
2c
—
Apr
Apr
Jan
1% Mar
Jan
5
Mar
7c
Mar
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1732
Monday, May 10, 1943
OTHER STOCK EXCHANGES
Los
May 1
7
both
inclusive, compiled
from
of Prices
Sale Price
Petroleum
Bandini
Barker
Bros
5 % (/c
—50c
Inc..
Oil
Chica
Bolsa
Preferred vtc
—
_
1
Motors
Paint
uv*;.
8%
a:,
_
Corp
...10
common
Los
63
415
Mar
4%
5
350
4%
Apr
5
Apr
52
650
44%
Jan
50 %
Apr
Jan
6%
Co
common...
85
1,000
57%
Jan
82%
25
20
2%
30c
10%
38c
23%
23%
'
300
22
Apr
Jan
459
10%
1.80
6,800
Apr
25
May
2% May
30c
Jan
10 % May
40c
17%
Jan
Electric
Co
Jan
1.65
Feb
11
Mar
•
.1
9%
60c
Warrante
i
_
Jan
6c
4%
Jan
35c
Security Co units of ben
Shell Union Oil Corp.
Edison 6%
a39%
int..
15
.
-
_
Gas Co class
Oil &
Signal
So California
.
—
Jan
45c
com
77
6%
1,253
33
35%
431
16%
Jan
35%
Apr
40
562
33%
Jan
40%
Feb
51 %
50 Hs
52%
744
44
Jan
52 % May
8%
8%
8%
5.282
4%
Jan
7%
8
575
3%
Jan
8
5%'
5%
976
2%
Jan
5%
4%
6,265
3%
Jan
4%
4%
30%
.
6% May
Jan
29%
32
4,257
17
17%
1,265
16%
149
114%
Jan
23%
May
Apr
4% Mar
a
Apr
116% 117%
8% May
:
Jan
32'%
Apr
17%
116%
25
3
50
31
30%
31%
933
21%
20%
22%
870
22
20%
22
32%
32%
32%
50
26%
Jan
33 % Mar
29%
29%
29%
110
22%
Jan
30 % Mar
Elec. Power 8%
pfd
50
...
preferred
—
1%
i„___—J*
w
Corporation
2nd
4%
Apr
May
38%
1
50
Reading RR common
1st preferred
•
50
—
17%
32%
30% May
13% Jan
14%
99
Apr
Mar
118
Apr
22% May
Jan
22
May
Oil
1
6%
7
—1
*
102
2%
Jan
Scott Paper common
41%
42%
281
38%
Jan
43%
Sun Oil
—*
59%
60 %
77
48%
Jan
63 % Mar
1
25
%
%
1
%
Jan
1
1
1
%
Feb
1% Mar
1%
1%
820
2 if
Jan
1% Mar
Salt
Dome
Corp
——
—
Tonopah
Mining
Transit Invest
;
——
Corp common
25
Preferred
—
8
Apr
%
Feb
Feb
*
United
•
1,475
17%
8%
8%
22.823
5%
preferred
8%
•
United Gas Improvement common
109%
26
32
103
122
109% 110
20
Coal
Westmoreland
2.825
28%
1
28
*
9
1%
27%
0
Corp commonj
S3 preferred
14
100
5c
Mar
10
15
1% May
Jan
28% May
8% May
Jan
21%
40
26
Jan
Jan);
110%
Jan
26
Apr
May
Jan
29
619
23%
Jan
29
May
44%
44%
200
39%
Jan
44'A May
653
34%
Jan
3,140
2.10
Jan
4%
9%
60c
4%
4%
34c
3,700
10%
2,576
60c
929
4%
3,325
25c
7%
25c
41
Pittsburgh Stock Exchange
May
Feb
34c
Jan
65c
Week's
May
Last
for Week
of Prices
Sale Price
STOCKS—
Sales
Range
Friday
10% May
Jan
compiled from official sales lists
1 to May 7 both inclusive,
May
4% May
Shares
:
Range Since January 1
Mar
3%
Jan
a39%
40%
51
35%
Jan
37% Mar
38%
25
32
Jan
39
Mar
Low
60
18%
1%
High
Jan
170
26
25%
26
*
High
Jan
26
May
Mar
21
Low
Par
5% Mar
25
160
17%
Jan
Arkansas Nat Gas Co
Blaw-Knox
—*
Company
32%
189
22
Jan
32% May
Byers
31%
475
30
Jan
31% May
Columbia Gas & Electric
a29 %
29%
913
28%
Feb
27%
30 %
4,<i<ci
16
Jan
30% May
Dusquesne Brewing
37
39%
2,276
28%
Jan
39 % May
Fort
3%
1,510
1%
Jan
3%
9
Jan
11%
Jan
10
(AM)
common
3%
*
—*
common.
32%
r
Jan
35%
"
—
31%
—
—25
67%
Mar
a24
—
V
A.,
pfd B
313
Mar
35c
38%
__
__
77
39%
.—50
Allegheny Ludlum Steel——
tr
Inc
Stores,
Safeway
10%
Jan
9c
2,300
31c
»
..
1,000
6,900
44c
151% 151%
4%
common
__
6c
30c
14
•
1
..
6c
*
28%
2.9
„
_
Apr
41c
——
com
Company
1.75
26c
6c
•
25
common
97%c Jan
Jan
100
new
preferred
Philco
24% Mar
8
Jan
6%
•
Pennsylvania RR
May
27c
398
1.65
Apr
May
Jan
6%
3
468
10
Motors..
4.4%
May
7% May
2,466
•
——
Pennroad Corp voting trust ctfs
Phil
6 %
20
12 %' Feb
65
7%
10%
9%
75
•
152% May
Jan
Mar
Jan
14c
520
2,000
10%
—
9
375
30c
38c
*.«-
...
..
41
10
—
10
common
Ryan Aeronautical Co_
Jan
30c
1
Corp
Republic Petroleum Co
36%
34
157
225
20
6
127%
•
*
common—
Lehigh Valley RR—
National Power & Light
$5
Electric
Gas
Indemnity Co
Lighting Corp
14
Jan
1,407
10
1(1
.
Jan
26%
41
1%
—
5
100
6%
common
Lehigh Coal & Navigation
Apr
63
Co
preferred
Storage Battery
General
Feb
Feb
a82 %
■
1
—,
Corp
Jan
5% Mar
Feb
24%
1
Pacific
Oil
22%
405%
12%
...10c
...
Corp
Pacific
Richfield
Jan
75
2%
10c
Ltd
Oil
Feb
3%
25
40
1
Ranch
19%
38 %
1
Rice
995
'1,015
73
24%
Occidental Petroleum Corp.
Pacific
9 % Mar
12%
__
Co
&
Jan
a37%
41
1
Finance
6%
a50%
a82 %
Oceanic Oil Company
Pacific
2,425
9
12%
»
Co
Corp
11% May
a37%
*
Angeles Investment Co
Nordon
Jan
6%
Corp..
Mfg
7%
,
Apr
415
:
a51%
_
common—
Petroleum Co
Menasco
74%
5%
a72%
__
*
Motor Car Corp
Intercoast Petroleum Corp..
Aircraft
*
Mar
10
Jan
5
<■
common..
Hupp
Lockheed
1,130
May
Jan
68%
8%
20
410
Development Co
Lane-Wells
11%
40
20%
10%
,
_
—
...
Goodyear Tire & Rubber Co
Lincoln
8
200
27% May
Pub
Prior
Electric
Philadelphia
Corp
Oil
Apr
Jan
179
5
Jan
22%
19
•
20 Ve
4
5
Gladding McBean & Co
Honolulu
Apr
3c
Jan
25
10
10%
Curtis
5c
Feb
40
20
7 %
*
Mfg
High
15% May
11% Mar
285
648
10
*
G)
Chrysler Corp
Mar
23% Mar
Asphalt Corp
(E
Range Since January 1
Low
15%
148 % 152%
150%
Buua Wheel Co
Apr
lc
45
76%
Budd
15%
100
Shares
High
1.60 May
2c
132
Barber
of Prices
Low
•
& Tel
Tel
11%
16%
27%
9%
Ltd
Hancock Oil Co class A
Holly
Jan
7%
22
a76
«
Stores
General
Jan.
75c
40
Farmers & Merchants Nat'l Bank. -100
General
May
27%
>
Fitzsimmons
1,000
3c
8% May
40 % May
22
•
...
1,000
3c
i«
1,380
4c
30%
1,030
*.
•
Aircraft Co
1.60
11%
Feb
Jan
Feb
7
50
1,300
1.50
—
—
America
100
18-
4c
•
*
_
8%
40%
11%
-
—5
Preferred
Douglas
8%
1
—
.
of
American
100
Consolidated Steel Corp
Creameries
4% May
V
common
Chrysler Corp
Consolidated Oil Corp.
Jan
»
Corp
Co.
3%
11%
.1
.
Central Investment Corp
Aircraft
1,100
1
Byron Jackson Company
Cessna
4%
%
—
Sale Price
American Stores
4%
39
«
Inc.
Buckeye Union Oil Co preferred.
Packing
4% May
4%
1
common
Broadway Department Store
California
Feb
lists
Sales
for Week
Range
Par
1.80
1
.
.
STOCKS—
High
7,700
50
—
_
Low
4%
■
———
Range Since January 1
3%
a
Corp common
Berkey & Gay Furniture Co.
Shares
High
official sales
Week's
Last
4
1
Company
preferred
Low
compiled from
Friday
for Week
Par
Accessories
1 to May 7 both inclusive,
May
Sales
Last
STOCKS—
official sales lists
Week's
Friday
Aircraft
Philadelphia Slock Exchange,
Angeles Stock Exchange
May
to
15%
3%
3
3% May
1,079
6
Jan
15%
50
10
Jan
4%
4,434
2
Jan
17%
17%
50
15
Jan
17% May
11%
11%
106
8%
Jan
12
1%
1%
500
1 %
Jan
9%
9
15%
9%
4
4
•
9% May
15%
Apr
4 %
May
'
preferred C
5 % 'h\
_
Southern
Pacific
Oil
of
Co
Taylor Milling
-
_
_
1
—
3%
ii
Corp
—
—
2
550
11%
9%
10
7,014
a20%
9%
5
Transcontinental & Western Air-
3%
11
—
Corp
Transamerica
28%
«
California—
Oil Corp
Sunray
a29%
•
Co..
Standard
25
—
22
210
6%
19
% Mar
29
Feb
Devonian Oil
Pitt
Oil
of
Consolidated
Universal
25
California,
Oil
19%
19%
4,835
12
—10
19%
Apr
May
19 % Mar
12
12%
1
Lines Inc..
Air
Western
Star
Mountain
260
8%
Jan
12 % Apr
200
6%
Jan
8
10
230
6
Jan
10
May
5%
*
& Ref Co
Sz Tei Co
Tel
♦
ion
14
Anaconda
10%
25
(Del)
(The)
Corp
Barnsdall
Oil
Co
Columbia
5l
Corp..
•
25
Co
*
Co__
Tractor
& Elec
Gas
5
Corp
Pacific Ry
Caterpillar
13
—
Aviation
Bethlehem Steel
Canadian
Commonwealth
Southern
&
Corp
Aircraft————
Vultee
1
Bond
General
Foods
Goodrich
*
Corp__
F)
(B
Co_—.
*
Motors Corp
International Tel & Tel Corp—
Kennecott Copper Corp
Inc
*
*
•
Robbins,
Inc
18
Montgomery Ward & Co
New York Central RR
American
•
_•
>
——
Packard Motor Car Co
Paramount
Pictures,
Pennsylvania
RR
Inc
Steel
•
Corp
•
*
15
Railway Co__
Stone &
&
(New
Jersey)
25
19
Jan
.T^n
343
3%
20
21%
Feb
2,909
3%
Jan
31%
'
__
5%
2%
„
—
12%
Feb
13
Jan
61
bxVa
Feb
69
6%
Jan
42'
Jan
45
2
11%
616
48 %
30
600
Jan
9%
Jan
Assoc Oil
!
(The)—
Tide
Water
Co
25
10
Union Carbide & Carbon Corp
United Aircraft Corp
•
5
United
Air Lines Transport
5
United
Corp (Delaware)
Jan
n
U.
10
Steel Corp
Warner Bros Pictures Inc
S.
•
20%
19
7%
670
4%
Jan
35%
173
29%
Feb
9%
460
7
Jan
7%
7%
300
4
Mar
37%
37%
315
31%
Jan
37%
50
35%
Jan
35%
100
36%
Apr
39
a38%
38%
39
2%
2%
905
13%
16 %
2,520
34%
560
a55%
55%
50
1
Feb
For footnotes
see
page
50
1
1735.
Steel
6%
Jan
30
Jan
35
1%
Jan
1 % Mar
18
9%
Jan
13% Mar
261
4%
Jan
6%
*
8
8
330
3%
Jan
8
40C
25c
Gas,
new
Apr
55
May
10 %
Jan
20%
Apr
465
10%
Jan
16
17%
18%
225
12
Jan
18% May
4%
5
835
26
26
30
30%
19
19 %
11%
40c
200
Jan
50c
Apr
2c
2C
1,000
lc
Jan
2c
Apr
2%
150
2%
Jan
3% Mar
8%
7%
9%
3,070
7%
Apr
9% May
22%
21%
22%
406
15%
Jan
22% May
Established
12%
May
2%
Jan
5
May
140
15%
Jan
26
Members
Phone
CEntral 7600
St. Louis Stock Exchange
Chicago Stock Exch.
24
Jan
31%
12%
Jan
19 % May
12 % May
5,806
5
Jan
Apr
18
765
14%
Jan
18
71
150
59%
Jan
70%
13%
759
10%
Jan
29%
120
16%
Jan
13 % May
29% Apr
7%
1,130
4%
Jan
56%
121
47 %
Jan
7
.
a55
54
7%
Feb
650
5%
Jan
13
6
10%
11%
24%
Feb
25%
50
13
24%
24%
New York Curb Exchange Associate
St. Louis Slock
May 1 to May
Friday
10
1
Ely & Walker Dry Goods common—25
56
„
Jan
21
25%
26
5% Mar
-
Apr
Jan
Jan
Feb
8% May
1
9
9
9
30
7%
Jan
9
*
5
Hydraulic Pressed Brick preferred—100
7
6%
7
525
5%
Feb
7%
Apr
8%
8%
20
7%
Jan
8%
Apr
6%
200
3%
Jan
7%
Apr
33%
530
28%
Jan
common
Falstaff Brew common
Hussmann-Ligonier
_
7%
Mar
Apr
common
Huttig S & D common
International
Shoe
•
common
Johnson-S-S Shoe common
Co
Key
6%
33'A
;
9%
25
5%
5%
150
31
Knapp Monarch $2.70 preferred.,.—*
6%
.*
Common
33
9%
*
*
common
May
31
6% A-..
10
15
;::.fA9
4%
31
5%
Jan
Feb
May
Feb
33% Mar
9% May
6% Mar
31
May
6% May
Apr
Feb
Laclede
Apr
Midwest
Steel
Natl
a82%
84%
15
84%
Apr
84%
Apr
340
27%
Jan
38% May
Rice-Stix
334
18 %
Jan
27% May
13*2
Jan
2
May
36
Apr
common
Mar
50
32
Mar
695
48
Jan
58 %
Jan
82
Metals preferred
National
Candy common
Dry Goods common
Apr
15%
Jan
18
Feb
50
14%
Jan
20
Mar
25
14%
14%
95
12%
Jan
15% Mar
14%
_*
May
99
Jan
15
346
11
Jan
15
May
22%
15
•
Loujis Pub Serv class A common—1
Alum common
—1
Stix, Baer & Fuller common
—10
Wagner Electric common
15
102
40
15
23
1.055
14%
Jan
23
May
9
35
6%
Jan
9 % Mar
Jan
10% May
102
—*
*
7
9
9
102
8%
10%
10%
8%
8%
100
6%
Jan
9
Apr
8
Sterling
8
210
6%
Feb
8
Apr
30%
31
500
24%
Jan
31
Apr
90
90
$1,000
Mar
90
May
6
14% May
Jan
Bearing
Common
7%
175
18%
St
2,470
Cement
Jan
415
16%
18%
7%
.—20
Piping & Sply common—1
Portland
Apr
common—
5
7%
16%
*
Laclede-Christy Clay Prod common.—5
May
49
'
Jan
17%
5
14%
56
3%
50
23
Jan
'
20
20%
50
Jan
40%
57"%
5%
20%
115
9%
a40%
High
Low
5%
20%
8%
42%
2
Range Since January 1
High
25%
80
27%
Shares
8
420
38%
for Week
8%
14 %
1%
Range
4
Electric
Emerson
49%
13%
—
Co
Bottling common
Sales
Week's
of Prices
Low
Electric
Century
Coca-Cola
14 %
38%
1
Last
Sale Price
Par
Exchange
compiled from official sales lists
7 both inclusive,
STOCKS—
a48%
24%
Bell Teletype 8L 593
Associate Member Chicago Mercantile Exchange
7% May
29%
Postal Long Distance
Chicago Board of Trade
May
715
587
17%
13
1922
New York Stock Exchange
21% May
a68%
al0%
__
Apr
May"
705 Olive St.. ST. LOUIS
Mar
3,245
2
1
100
2%
1
1
..1
1
•
common—
Apr
54
16
27%
Feb
6
16% May
20
„
7% Mar
12%
Springs
2% May
15%
__
Jan
Apr
18%
14%
5%
1%
Jan
18%
__
1.732
5%
May
„
—
4>/4
12%
May
„
Jan
7% May
42 O.
7%
2%
Edward D. Jones & Co.
7% May
35% May
9% Apr
Feb
—
150
9 % May
St. Louis Listed and Unlisted Securities
Apr
760
36%
5
Westinghouse El & Mfg. Co
Willys-Overland Motors Inc
&
Feb
May
19V4
21
<■
U S Rubber Co
Oil
14% May
%
14%
%
414
13%
Mar
Jan
4% May
240
2,300
4%
4
310
__
7%
Mar
v
7
•
•
Apr
21%
11%
3%
17% Mar
62
100
•
1
—1
Westinghouse Air Brake
Mo
Texas Corp
Bolt
Apr
42 '
19
700
7%
~7%
9%
;
—
&
40
•
21
4%
9
3%
11% May
38%
67%
42
__
Jan
13%
17% May
17% May
__
_.
Feb
92
Corp
Brewing common
Forgings
Company
Apr
280
260
33%
15
60
70
Apr
6%
17%
39
„
175
100.
97%
~9%
1
10
Toy Mining-.——-
Shamrock
23% Mar
6%
._
17%
60
97%
Apr
17%
9
—
Apr
1% Mar
Jan
17%
60
10
new—
Pittsburgh Steel Foundry common
Standard
35%
7
—
1
25
_
Jan
24%
6%
19
*
Corp
Co
32%
875
5%
14%
*
Webster, Inc
Studebaker
Swift
Co
190
30%
23%
12
__
Standard Brands, Inc
Oil
4%
50
•
43%
6%
a48%
1
Co
Co
Sears, Roebuck & Co
Socony-Vacuum Oil Co
Standard
151% May
34% Jan
102
65.1
11
„
•
Radio Corporation of America
Southern
13~l~%"~Feb
45
a38%
11
*
Company
Ohio Oil Co—
Republic
10% May
a67%
__
1
_
&
McKesson
Oil
Jan
Apr
17%
__
*
Graham-Paige
Pure
6%
6%
17%
—
__
5
Co
Electric
6%
-1
,—.
Share Co__
&
General
North
650
5%
__
1
—5
(Del)
Curtiss-Wright Corp
Loew's
10%
a23'A
__
*
Continental Motors Corp
Continental Oil Co
Electric
9%
30 %
* '
—*
Corp
Commercial Solvents Corp.—
Cons
Jan
a42%
__
3
Locomotive \yorks vtc
Baldwin
Bendix
5
Refining Co
Aviation
3%
151% 151%
50
Copper Mining Co
& Co (111)—
Armour
250
a44%
__
__
17%
——*
.———100
Fuel Supply
Screw
Renner
.
American Viscose Corp__
Atlantic
5%
San
& Std Sani Corp
Smelting
American
10
Stocks—
Unlisted
Amer Rad
Amer
.
—
Manufacturing
Pittsburgh
Pitts
.
*
Refrac
preferred—.
Gas
Pittsburgh
Alaska Juneau Gold Mining Co..
1%
Apr
Stocks—
Mining
1
Koppers Co preferred
McKinney
10
10
Glass
Jeannette
19% Mar
8
'
_
Walker
Harbison
Jan
8
...
Kamp's H D Bakers Inc
Van de
15%
-5
Brewing
Apr
Lone
Union
10
,
14%
720
a94%
94%
78
7%
8%
1,343
7%
82
Apr
Jan
8 % May
30%
Bonds—
St Louis Car 6s extd.—
1945
85
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
157 v Number 4175
'1733
CANADIAN MARKETS-Listed and Unlisted
Friday
Canadian
STOCKS—
1 to May 7 both inclusive, compiled
Week's
Friday
Last
STOCKS—
Acme Glove Works Ltd
Steel
Aluminium
Ltd
Asbestos
Assoc
Corp
A
Paper
British
T
L
&
24 '/a
•
100
—
P—
Columbia
Class
B
Power
Corp A
14
5 %
Corp
103%
Feb
Jan
25%
Jan
15
Jan
14
1,935
152
226
14%
23%
245
3%
175
6%
6%
5%
5%
Apr
15%
152
Apr
Jan
23
Apr
Jan
26%
2
Jan
4
65
5%
Jan
8
12%
100
11%
Feb
5%
515
4%
Jan
99% 100
7
92
125
7
100
Feb
Jan
10,024
25%
20
12% Mar
141
22%
12%
Apr
5% May
100
Apr
9
Jan
14%
Jan
5%
Feb
Feb
Jan
May
7%
Jan
37
36%
38
865
31%
Jan
38
May
34
33%
34
100
32
Jan
34
Apr
10'A
9%
14%
9%
2,726
9%
14'A May
Jan
1,065
7%
29%
29%
30
795
27%
Jan
30%
Apr
*
32
32
32
120
27%
Jan
33%
Apr
—100
——
.
— _.
138
138
138
40
133
Feb
22
22
25
22
Mar
4
—
100
Canadian
Foreign
Canadian
Industrial Alcohol
Canadian
Pacific
Investment
31
30
com—9
4%
495
32%
17%
15
25
139
4%
760
3%
20,556
7%
43'/a
43%
•
11
11
Apr
5
Feb
Apr
33%
Jan
12%
Feb
31
Feb
4%
11%
Jan
22%
Jan
12
25
Plow
31
32
class A__9
Railway
Jan
12% May
.
25
9%
Jan
11
Apr
1,105
37%
Jan
45 %
Apr
Consolidated Mining & Smelting
Glass
5
?
27%
28
300
27'% Mar
28 %
Mar
Distillers
•
32%
32%
120
26
Jan
33 %
Apr
28%
525
24%
Jan
30%
Apr
13%
645
11%
Jan
14% Mar
Consumers
Seagrams
common..
Dominion Bridge
Dominion Coal preferred
Dom.
Glass
•
uuiliiniou
tHcei
Dominion
Stores,
13%
8%
8%
*
8%
8%
7
6%
*
common
Dr.vden Paper
6%
6%
860
5%
4%
4%
100
3
Jan
!
"B".
Co
of
Power
;
Canada
*
of
Preferred
Can
com—9
Canada
oi
Petroleum
International
Power
Ltd
Co
•
100
Light
Mont
——
18%
Feb
2,557
8
Jan
10% May
45
94
Jan
108
4%
Jan
6%
Apr
5
Jan
5%
Jan
5%
350
4%
Jan
6%
Apr
845
14%
1,390
100
8.90
*
Jan
—9
Ltd-—
Breweries Ltd
Canan Indus Ltd
7%
Candn
Power
11
Apr
12
Jan
14% May
98%
Jan
101% Mar
Breweries
5%
50c
1,290
2
Jan
8
365
3%
Jan
7%
100
62
67
90
25%
Jan
77
9
43
43
140
39%
Jan
45
City Gas & Electric Corp Ltd
9
30c
35c
Commercial
1,100
9
2%
2%
2%
1,200
9
414
23,857
T'/o
cumulative preferred
Canadian
Westinghouse
Alcohols
Consolidated
Cub
Paper
Co
Ltd
Ltd
common
Corp
Ltd
Aircraft Corp LtdOilcloth & Linol
Fairchikl
Aircraft
Motor
cum.
Fraser
International
Paints
1
22
25
5
5%
1,355
3%
J an
22%
1,560
19%
Jan
23
Apr
15
15
5
12%
Jan
16
Apr
17
15%
17%
4,166
12%
Jan
17% May
1.75
2%
300
9
9
9
30c
16
18%
1,060
10
Jan
20%
20%
25
20%
Apr
18% May
21% Jan
17%
18%
325
i5%
Jan
18%
Feb
7%
7%
100
4%
Jan
8%
Apr
9
15%
15%
210
11
Jan
16%
Apr
17
17
20
16%
Jan
17% Mar
16%
16%
16%
2,230
14%
Jan
17% Mar
5%
5%
2
5%
Feb
18%
18%
18%
175
16%
Jan
18%
Feb
45% Mar
47%
Apr
6%
Apr
Lake
St John
Loblaw
Paper & Power
Groceterias
MacLaren
Power
Co.
&
Teieg &
"A"
Co. Ltd.
9
Tel
T/c
pfd
5%
pfd
100
McColl-Frontenac
Oil
6%
Melchers
Distilleries
Robert
pfd
Ltd.
Mitchell,
_100
Ltd
Moore
Co
98
preferred—10
9
Mar
Corporation
Ltd
9
47%
47%
Noorduyn Aviation
Ltd
9
6%
6%
375
Southern Canada Power 6%
Union
Gas
100
pfd
Co
105 105%
9
6% May
1,25 Jan
1.50 May
55%
56
310
47%
Jan
56
9
20%
20%
31
19%
Jan
20%
9
5%
5%
35
3%
Feb
12c
preferred—,
tWestern Can. Flour Mills Co.
Ltd
55%
2,100
lie
Jan
20c.
Feb
1
18
18
100
12c
Jan
19 %c
Apr
Bouscadillac
1
2'Ac
2%c
1,000
2c
Feb
Gold
Mines
Bralorne Mines Ltd.-.
Dome
Ltd
Mines
Eldorado
Gold
9
Ltd
9
„
9.25
Ltd
9.25
22
22%
80c
9
t
—
Mines
11c
11c
80c
22
1
Francoeur
Gold
Ltd
Mines
9
22c
Kerr
Addison
Lake
Shore
Gold
Ltd-.
Jan
7% May
7% Feb
Lake Gold
Mining
Corp
O'Brien
Gold
Ontario
Porcupine
Pato
San
Cons.
Mines
1
Ltd-.
9
Dredging Ltd
Gold
Mines
1
40
Jan
48'A
Apr
120
120
Apr
4%
120
1,760
4
Jan
6
Wood
Mines
Mines
Cadillac
96
5
93
Feb
96
55
43%
Feb
52
14%
245
14
Jan
106%
26
105
Jan
2%
X135
14 V*
2,020
2'%
2'A
13
14
29%
29%
41%
42%
310
17%
17%
2,165
14%
17'A
14%
20
119
10'A
30
119
10%
7
6
Jan
9%
Jan
Mines
Ltd
Ltd--Ltd
Oil
Oil
Co.
Ltd
Power
Corp
Ltd.
see
page
1735.
32c
32c
32c
900
3.30
3.30
3.45
Feb
Apr
Apr
4c
Feb
1.02
Jan
75
8%
Apr
1.52 May
4c
Jan
Toronto Stock
May
15%
108
Jan
Canadian
Jan
1.75 Jan
7 both
inclusive,
14% May
11%
24
Feb
29%
32%
Feb
15
Jan
STOCKS—
114
119
Feb
Mar
Abitibi
Power
6%
&
Paper
preferred
Acme
Gas
__
_
Oil—
&
Ajax Oil & Gas Co.
5%
880
Apr
Algoma Steel Corp. preferred-
4%
11%
Jan
6
Jan
'
55
33
25
18%
55
4%
9,804
48;.
40
55
Apr
47
'
51
May
17%
Jan
2%
Jan
843
21
85
15
65
Feb
13%
25
13
>
Apr
Jan
19% Mar
4% May
Jan
Jan
48
85
,
May
Apr
13% May
28
128
Mar
134
Aluminium
Amm
4
171
Apr
174
May
96
147
Jan
160
10
136%
223
Jan
254% May
54
132
Jan
141
Mar
Apr
Gold
Anglo
8
9%
Jan
Feb
3.50 Mar
Week's
of Prices
Mines
Ltd.
_
..
.
1
_
of
Bread
Metals
Mines
Ltd
&
Exploration
lists
Blue
Ltd
Blue
1.10
12,255
8
9%
4,170
16%
18
3
9%
Range Since January 1
High
85c
Bobjo
Low
65c
High
Jan
1.10 May
5%
Jan
9% May
252
12%
Feb
3%
436
2%
Feb
9%
9%
205
*%
,Jnn
81
81
18
80
Jan
Tod
Class
18
May
&
Radium—
Ltd
1%c:
Feb
Jan
65c
Feb
Jan
4.35
Apr
45c
21.650
20c
Feb
47c
40c
44c
4,900
40c
Apr
53c
Apr
3c
May
4c
Mar
3%c May
9'Ac
3'Ac
3.00
1,500
1.90
2,722
1.35
Jan
10c
10c
1.000
8%c
Jan
4c
4'Ac
7.500
4c
Apr
158%
160
33
150
21
Feb
8%c
4
%c
24
1
British
Dominion
83
Broulan
43,400
1.04
28,034
1.04
73c
17
17
10
150
150
151
192
22 %c
19 %c
23C
53,600
7
Apr
2.04 Apr
15c
Jan
5'Ac Mar
Feb
160
24
May
May
Jan
11 %c
Feb
2
Apr
3
May
10c
Jan
27c
Apr
70c
Apr
15c
Feb
140%
Jan
r.
Jan
84
4%
Feb
1.04 May
19c
154
9
Apr
Apr
25c
A:
Apr
7
May
35
11
29%
Jan
36
Mar
in
12
12
5
10'A
Feb
12
May
«
12
12
15
10
Feb
12
May
.
lie
5.300
8c
Jan
12c
Mar
16c 18 %c
36,100
9'Ac
Jan
19 %c
Apr
635
7.40
Jan
9.85
Apr
22%
7,154
14%
Jan
23
Apr
20'A
20'A
905
17%
Jan
20%
Apr
24%
24%
25
33
23%
Jan
27
Feb
29
26 %
29
51,000
19%
Jan
30
Feb
1
54 %c
53c 55 %C
13,725
46c
62C
Apr
1
l
•
Power
-
class
Oil
Porcupine Mines. Ltd
35
•
_
__
Brazilian Traction Light & Pwr com—9
•
British American Oil.-
10% Mar
22c 26 %c
Apr
sn
_
Mines
Columbia
75
7
_
—
Ltd
Ltd.
2.000
3c
1
_
_•
Mines,
10
9'AC
3c
25c
—
24
9'Ac
»
inn
.
.
preferred
British
Feb
47c
3,600
1,320
1.83
__
common
3'A May
*
%c Apr
3,500
Feb
60c
10c
•
_
__
Brew,
Gold
Bralorne
133 %, Mar
102%;
1.83
Corp. Ltd. common-
Mines
Bonetal
Feb
Jan
Feb
4,750
5n
preferred
Mines
"B"
84
May
106
101
7%c
1
Paper class B-
Kirkland Gold
Preferred
Sales
for Week
Feb
7%C
_
Ribbon
Feb
May
20c
7%c
0
A
lc
81
14c
98c
4.25
3c
inn
Mining
Power
Gold
35
Jan
Jan
Jan
1
Ltd
Montreal-..
Barkers
10
181
9c
1
Mines
Cons
81
129
101 101 %
6c
13'Ac
1
_
Mines
Bankfield
8,500
4,100
42c
40c
_
Mining-
Gold
9% May
40,575
lc
___
Quebec Mines
Bagamac
Jan
58c
Gold
Gold
1.101 May
5
98c
80c
High
Jan
5,100
4.15
*
„
»
Armistice
Bank
101
1
_
■
81
pfd. -100
5%
Range Since January 1
Low
127
*
Canada
Aquarius
Class
official sales
Shares
lists
70c
11c 11 %c
Canadian
Bidgood
from
sales
5,250
8%C 10 %c
83c
inn
common
Bell Telephone of Canada
Low
—
Corp
of
Anglo-Huronian
Beattie
Funds
compiled
'
Ltd
Co.
Apr
174
Copper
Aluminum
Aunor
134
159
official
Shares
1.10
•
Range
'
40c
High
90c
1
Aldermac
,10% Mar
of Prices
Low
«
Apr
Apr
136
9%
5%c May
Jan
2.66
Sales
1.10
__
72
158
1.00
5%c May
30c
for Week
8%
*
common
76
47
from
Week's
Sale Price
Par
Jan
13% Mar
Jan
254% 254%
inclusive,
Apr
Exchange
Last
Apr
18%
174
136
4.00
Funds
compiled
Friday
42% May
16% Mar
130
-
Jan
2% May
Feb
May 1 to May
Jan
82
—
%c Mar
2.60
Feb
59%
3%
131
*
1,150
66%
3%
--10O
2,000
5%c
9
50
13%
-100
Ltd
5%C
9
19
Ltd
Co
128
41%
-s.
*
200
5%C
3.05
2.93 May
1.52 May
500
3.45
455
18%
4%
159
B
lc
3.45
10%
5%
Par
class
lc
9
3c
66%c
Feb
82c
2.00 Jan
2%c
72c
ll%c Jan
2.15 Mar
100
74%
55
Last
Paper
500
71%
47
55
Friday
_
2.95
2.93
74%
Sale Price
preferred
2.95
2.93
71
71
Canadian
cumulative
2.95
1
15% May
Jan
62
Montreal Curb Market
I'/o
Jan
May
14
100
Mar
May
52
Bear
_
Jan
8c
6'0c
Oils-
Base
_
65c
400
1
Ltd—
Wright Hargreaves Mines Ltd
Bathurst
__
200
10,000
81c
Apr
May
96
106
100
6%
65c
8%c
Feb
May
52
96
225
*
65c
200
Gold
Jan
80c
300
1.004
100
common.
78c
8%c
1,500
Astoria
& Paper
oreferred
1.50 May
65c
.
95c
Banks—
Power
2.26
79c
8'Ac
—
Gold
Antonio
Ltd
Mines
1.52
47%
2,805
STOCKS—
Feb
2%c
47
2,030
7 both
1.03
Ltd
Nickel
Pamour
Ashley
1 to May
May
95c
47 %
8%
100
Apr
1.50
1.52
Apr
75
100
1.22
3.95
30c
Jan
15%
.100
3.35
1
17
9
.
Apr
Jan
Jan
1
51
'—100
■*.
5.20
1
31
*
common.
Jan
Sylvanite
Jan
—100
Mfg. preferred--
Apr
175
Shawkey Gold Mining Co. Ltd
Jan
9
-
15%
Sherritt-Gordon
Feb
9
Preferred
Feb
Jan
15
—9
Winnipeg Electric class A
11%
Apr
26
7%
—
65
33%
38
75
100
13
27
'
80
25
Corp
Feb
12%
560
673
100
preferred
6.20
81c
310
13%
9
Jan
79c
16
8
9
4.90
fnc
31
75
14
—;
300
9
Apr
49%
9
common—
6.00
■
25
15%
*
Power
6.00
1.50
Madsen Red
Jan
1
1
Mines
Ltd
Mines
Mar
200
1.50
49
100
Preferred
Jan
1.18
23c
1.50
16
•
—————
21c
May
25
22c
9
10%
Jan
15
Sherwin Williams of Canada com
Jan
Mining Corp. of Canada Ltd—
14% Mar
Jan
9
Feb
80c
Normetal
Jan
30%
19 %
100
Feb
9.25
8.85 Mar
115
175
Jan
9
common
100
3c
'
1,000
10
Feb
Apr
Aldermac Copper Corp. Ltd
Bidgood Kirk Gold Mines Ltd,,
19%
Jan
May
5% May
Mines—
39% Mar
Jan
Apr
6% May
1.00
110
5%
106
55
395
2.95
Jan
9%
Jan
Jan
6%
1.00
Jan
50
Mar
6
1.50
2.95
6
1,798
100
Jan
102
Apr
Jan
1.35
1.50
1
98
77/a
7%
Jan
3%
20
3% Mar
Jan
6%
Walkervhle Brewery Ltd
—9
Walker-Gooderham & Worts Ltd. com_9
cumulative
Jan
98
35
1
Feb
43
7%
2%
3%
20
Mines
Jan
,
40
100
*
1
Paper preferred
25
98
33
6%
50
Flour Mills
footnotes
<
10
Massey-Harris Co Ltd
__
38%
22
Shawinigan Water & Power
For
18%
9
com
Macassa Mines Ltd-
—9
—
Belding-Corticelli
18
9
Paper Co
Maple Leaf Milling
"A" preferred
Maritime
Ltd.
9
12
10 %
2.50 May
Jan
23
7%
Jan
J5c
Feb
10%
Feb
5% May
70
18% May
7%
1.50
22%
2,100
3
*
10
13% May
21% Mar
25c
80
120
Apr
22%
85
8
Apr
3%
5%
19
13%
33%
22%
10
101
Jan
Jan
2%
•
4.75
24%
Ltd common
preferred
Reauharnois
22
14
9
4.75
120
9
of Canada
Power &
1,105
9
10'A
9
Power preferred
Lawrence Corp common
Bathurst
110
3%
Lamaque Gold Mines Ltd—
8
;—9
Saguenay
Abltibl
32
3 Vz
3%
14% May
1,220
..
common—
May
30 Vz
5.00
13
3,962
Aircrait—
preferred
Ltd
Jan
5 % May
7%
6
Zellers
12%
3% Mar
3
May
Woods
Jan
4
4,917
20c
120
Wilsils Ltd
Feb
9%
12
5%
Jan
Mar
7 V2
50
Cotton
6
l
120
Wabasso
Jan
380
30
100
Steel
3
14%
25
common
Preferred
Biscuit
55
Ltd. A—9
Home
United
4%
4% May
class A___9
Anaconda
Viau
4%
pfd—IOO
Dalhousie Oil Co Ltd
Canada
27
(Can.)
Feb
Canada
85c
Jan
International Utilities Corp
Class B
Apr
of
Jan
24%
12
Voting Trust
Voting trust
Hydro-Electric Securities Corp
13%
Co
65c
330
4%
Companies
25%
Southern
Jan
155
27
•
Canada
Jan
Steel
3
70c
Ltd A
Ltd
of
Jan
4%
Fanny Farmer Candy Shops Inc
Ford
Feb
2%
27
9
Aircraft Limited—.
Fleet
2% Mar
May
70c
20
7%
Apr
35c
3%
Paper Co Ltd—
Dairies Ltd.
Apr
9
Ltd
—;
Donnacona
Eastern
Mar
May
May
9
Co
Dominion Woollens common—
Preferred
15c
1.00
9
;
Dominion
Jan
Preferred
Jan
1,137
8
10
Lawrence
65c
6%
22%
Lawrence
May
3% May
1.00
150
St.
Mar
47
4%
255
St
165
Feb
10
5 %
13%
A
Feb
Jan.
13%
162
Apr
39% Mar
Jan
12%
6%
•
35
Jan
37
10'A Mar
Jan
27%
Jan
85c
975
17
90
10,220
47
12
472
39% Jan
Jan
3%
47
7
Ltd
24
Class
162
162
Jan
85
2%
i_
.
Vickers
13%
St
162
100
0
preferred
24
Quebec Power
245
Apr
30
*
Products
& Co
37
36%
*
b'/o
Canadian
9
Corp
37
274
9
Bros
3 % May
1
Ogilvie Flour Mills common
5%
1.45 Jan
100
pfd
Co
Ontario Steel
Price
2,550
14%
24%
Noranda Mines Ltd—
Power
3%
3%
Jan
30
30'/a
common—
Tubes
8'/2
2%
9
*
12
100
9
Car
7% May
3,750
24%
———9
Page-Hersey
5
13%
•
Corp
Ottawa
5
10
32
100
Niagara Wire weaving—
Penmans Ltd.
39
Feb
18%
Feb
87
27
Jan
Feb
10% Mar
19%
7%
common
39
540
941
102
87
31%
Jan
Feb
8 % Mar
17% Mar
7%
Paper Inv Ltd. com__°
&
101
45
1,435
39
preferred
Marconi
50
10
19
100
pfd
,
Canon Inter Inv Trust
May
19% May
9
Corp Vfo
Ltd—
Preferred
Canadian
20%
May
70
100
7'/a
& Power Cons
Car
Mar
86
Co
Vinegars
Canadian
SI
9
Jan
5%
18'%
101
•
Steel
Jan
Jan
9
Tramways—.
National
National
Canada
High
Mar"*
17% Mar
10
37
38'A
3
—
Oil
Heat
Malting
Canada North Pac
102
17%
18'/a
1874
18%
9
A
Massey-Harns
Montreal
Canada
Low
240
10
9
Range Since January 1
1,005
19%
102
__9
Co
;
High
20%
19
pfd—100
Ltd—
Shares
20%
9
cum
Breweries,
20 %
10
9
common--
•—:
& Sons Ltd. John
Secord
Packers Ltd
Dominion Sugar
Low
9
14
25
—
International
McColl-Frontenac
15%
79
10
Ltd-
11%
5
common
—
International Nicnei
Laura
Par
Co
12%
13'/a
*
Acceptance Corp com———
International Bronze common-—
4
Preferred
&
of Prices
29%
Industrial
Lang,
7%
.
6%
13
Mining
Tobacco
Feb
13
101% 101 %
100
Imperial Oil Ltd
Imperial
14%
194
10%
9.75
14%
*
common.
Feb
Apr
5%
5%
5
Paper
5'A
22%
5%
9
—;
Feb
Jan
Mar
6%
*
Hollingcr Gold Mines
Smith
6%
4%
4
21
575
107 % 108
*
Apr
7% Mar
9
9%
—100
common
& Aiaoasune
Bridge
Bay
10V4
1.45
85
83
9
common—
Mar
7% May
"
Jan
10
14%
8%
Feb
Jan
25
22%
14%
*
__
ijime
Hudson
14^4
100
Wares
5
22%
7
common
(Charles)
Preferred
5
9
preferred—
General Steel
81
Jan
—1
5%
75c
Jan
May
7%
Jan
100
Electric
Howard
76%
2,660
Players Canadian Corp..;
Hamilton
65
9
Jan
7%
Feb
10%
Mar
1.25
English
Preferred
80
6
6%
Famous
uypsum,
1,860
1.25
Heating Prod
Gurd
5%
7
7%
Enamel
5</c
355
155
Jan
1.25
Corp
Gatineau
9
80
H%
*
Electrolux
Foundation
Feb
152
3,714
—.————9
Eastern Dairies
&
10
9%
Ltd
Textile
154
23
B
Dominion Tar & Chemical common—*
Dominion
13
154
—100
XJoai
<xi
44%
27
28
25
preferred
Bud
Canada
Apr
9
25
preferred
Canadian Converters Co Ltd
Cockshutt
Feb
21%
IOO
50
preferred
-
100%
5*01
12%
Celanese common
Rights
250
24%
18%
—9
common
participating
1%
v
Mar
13 %
Canadian Car & Foundry common
7%
Jan
133
6'/a
•
preferred
Canadian Bronze
Canadian
Jan
•
common—
Canada Steamship
105%
3
100
Power
83
127
25%
*
common———
——
North.
Apr
9% May
Jan
82
20%
-5
Dredging—
Preferred
25
High
4%
128%
*
Bulolo
Canada
Low
82
13%
22
-*
Canada Cement
Feb
150
9
—
Bruck Silk Mills———
Gold
Feb
8%
24
150
"
—
3
550
18
Telephone Co of Canada
Brazilian
;
&
105
9%
101% 101 %
101 %
*
common—,—
rower
4
127
50
—.
Breweries
oaUDurfft
Bell
Canada pfd
Co of
Aluminum
•
common
Canada
Range Since January 1
High
82
Columbia
Oil
Calgary Pwr Co Ltd 6%
Shares
4
9 %
—100
Preferred
Sales
of Prices
8%
'
4
*
British
lists
Low
—9
common
common—
official sales
for Week
Range
Sale Price
Par
Algoma
from
American
Sales
for Week
Range
Sale Price
V;
Funds
British
May
Week's
Last
Montreal Stock Exchange
*
A
„
10 %c
18c
9 %C
9.25
9.25
9.45
22
20%
20'A
Mar
'
'
•
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1734
CANADIAN MARKETS
Last
1
Oil
Brown
'
Corp—
Gold
Products
Building
Low
High
10c
10c
2,200
4%c
Jan
13c
Feb
2.10
900
1.60
Jan
2.55
23c 24 %c
2,200
21c
Jan
32c
5c
Jan
Jan
40
Mar
8 %c
8V4C
1,000
4%
4%
34
Canadian
Canada
Can
1.15 Jan
42 %
42%
42%
3
5%
5%
5%
1,060
98 Va
100
25
92
Jan
22
23
20
20
Apr
100
——
Foundry & Forgings cl A
*
——*
39
39
100
Malting Co Ltd.—
Permanent
9%
—-50
_
common
Preferred
13
*
—..-V;
136%
136
Mortgage
39%
138
325
27 "
4%
36%
124
Jan
Feb
Jan
1.61 Feb
Steamship
Feb
Cadillac
Lapa
43
5%
100
Apr
Lebel
Secord
Oro
Canadian
Breweries
Preferred
5 '/c
May
24% Mar
Class
39% May
Locomotive
Malartic
Pacific
Canadian
Wirebound
Cariboo
Gold
Central
Pat
Mines, Ltd
3
2%
3
800
Jan
3
Apr
Preferred
37%
161
Jan
39
Apr
Massey-narris
Ma
65
21
21 Ma
18
10%
11%
495
9 Mi
9%
8
28
Jan
9
Jan
22
IOM4
Jan
12
7% Mar
10
Apr
30
205
27% Mar
30%
Apr
33
32 Mi
33
290
27%
Jan
3 3 Ma
Apr
138
138
138
5
133
Feb
11 Mi
11 Ma
265
15
Jan
205
25
200
Feb
138
Preferred
McDougall
6
Ma
80
6 Ma
6 Va
20
6% May
"A"—*
4%
4 Ma
4%
650
16
15
16
40c
40c
5,042
12
11 M«
12%
24,670
7 Ma
Feb
*
17 Ma
17%
15
16%
Apr
19 Va
1
1.18
1.20
95c
Jan
1.35
120
1,400
10
36c
May
10%
11 Mi
20c
Feb
11 MB
20c
875
1,000
9%
20c
1.34
47c
Moore
Class
27c
27c
Jan
Jan
11 Ma
11%
66
9%
Jan
11%
5
44
43%
44%
1,431
37Ma
Jan
100
129
129
70 c
130
86
123
24c
25
21c
70c
955
50c
9 :'.u
—
24c
50c
————*
May
5c
Apr
7c
Jan
700
11c
Jan
18c
Mar
6
Mar
2%
43
Power
O'Brien
Okalta
Oils
Omega
Goid
May
Jan
Ontario
Steel
Orange
2% May
2,000
3M4C Mar
4%c
Apr
205
25%
Jan
33%
Apr
Pacific
23
2,694
18%
Jan
25 Ma
Apr
pfd
20%
Jan
24 Ma
22
Jan
28
24 %
23
24
%
1,610
28
50
28
40
25
9
8%
9%
1.160
—•
—
9
8%
9
950
5Ma
Jan
6%
Jan
23
Jan
8%
Jan
4c
Jan
6%
Ltd com—*
12 Va
20
4%
374
13
39
9c
13,000
Gc
7 VaC
1
Co
(i Va
3%
12 Va
Chemical common—*
—..i.-.——-
8Ma Mar
Pacalta
Oil—
—*
Steel
Ltd.—
Gold
Eldorado
Mines
Oil
.7V'i Mar
Photo
10c
Pioneer
Mar
1
....
Eng. Electric Co. of Canada class A
*
,—'25.
Equitable Life Insurance—.—,
Feb
Premier
1.35
Apr
Pressed
.
29%
25
70
5%
„
5%
50
3.75
•
3.95
2,860
12
3%
81c
Jan
Jan
Mar
24 Ma
Jan
4%
Jan
Mining
Kirkland
Federal
Fleet
Co
Ltd
Aircraft
Ford
*
..1
16
Apr
22%
160
3%C
1,000
Roche
V
23
Jan
360
3M4
Jan
1,485
19%
Jan
23
Apr
St.
100
14%
Jan
15Ma
Jan
San
Feb
Senator
20c
St
5% May
32c
20c
500
20c
Jan
%
25
8
Mar
83
85
40
77
Jan
87
10
10 %
978
8
Feb
iov'4 May
4c
—
5%
4c
2,000
3c
Jan
lc
May
100
preferred *———
Lake
Goid
Eagle
Golden
10%
4c
...
lc
24 %c
12 Mac
Jan
Ltd....
Lakes
Great
9%
Paper
v
t
200
65c
Feb
38c
Jan
16c
18c
2,905
8 Vac
Jan
19c
8v4
9
88,350
7%
Apr
11%
*
3%
3%
40
2 Va
Apr
*
4%
4%
45
4% May
58c
1.
Aircraft Ltd
17%c
Ltd
Mines
—
1,000
15
4,400
76c
19c
1
6%
Feb
4
Jan
Apr
4% May
19c
5,550
4%c
Jan
9c
Feh
22c
Jan
35c
May
88 Va
Jan
98
Apr
Jan
92c
Apr
57c
1.000
18c
76c
1 Bol.
82c
6)4
*
Ltd
19,000
35c
95%
4 '/bC
1
*
Ltd
5%c
35c
94%-
•
4%
18c
126
126
5
950
13%
35
1.63
1.65
3,085
1.60
23C
1.85
3,155
1.25
8
8
50
May
85c
May
1.05
Mar
12
Jan
126
Apr
1.75
Electrotypers
126
91c
13%
1
6% May
Jan
May
91c
100
,
Mines—
of
C
B
of
1.63
—1
1
Canada
i
*
Mar
Jan
13% May
Feb
2.10
Apr
Jan
8%
Feb
58c
Jan
91 %c
Apr
4
Jan
78c
135
1.98
18,250
22c
1,500
20c
37c
37c
2,105
31c Jan
24
24
5
4c
4c
500
135 136 %
1.95
1
1,000
7
21c
1
78c
1.86
1
Mines
1.90
Jan
6
6%
78c
1
America
Mills
4
1.72
7% Mar
2.25 Mar
Jan
25c
Feb
44c
Mar
1
„
Jan
Ltd
*
__
1
—
100
*
24
23%
24
400
22
Jan
25
Feb
Jan
142
Jan
21%
Apr
4%c
3%c Jan
134
25%
Jan
Apr
4c
2V4
2'/4
250
1%
Jan
2%
Feb
2.85
3.00
3,246
1.86
Jan
3.25
Apr
20c
24c
1
Ltd—i—
&
Water
1
*
Power
Gold
Feb
3c
__
17%
50c
95c
•
3 Vic
17%
3.000
1?,000
i,028
500
95c
18c
_
30c
16% Mar
Jan
181:
Mar
Jan
85c
Jan
1.05 Mar
67c
Jan
1.03
Apr
Jan
6.80
Apr
92c
1.00
40,314
6,00
6.00
341
8%
8%
25
8
Mar
12
12
50
10
Feb
7
7
105
3%
Jan
97
97%
186
80%
Jan
97 %
Apr
42c
43c
1,750
39c
Apr
45 %c
Apr
2c
2c
22,000
l%c Mar
3%c
Jan
•
4%c
5c
9,500
7c
Feb
*
16%
16%
50
Paving & M. Ltd. common._*
1.50
1.75
340
71
72
61
59%
Jan
73
Apr
66
Jan
76%
Apr
Mines
1
95c
1
„——l—
5.75
Apr
2c
Jan
*
J
Mines
Corp.
Mines
Sigma
Feb
6c
2c
common
Gold Mines Ltd
Gold
sneiriti-Uordun
Mar
Silverwoods Dairy• preferred——
class
Simpsons
29Mac Mar
2,000
2c
Jan
3%c
Feb
1,500
3c
Jan
6%c
Feb
Preferred
1 VaC
1,000
lc
Feb
IMaC May
Gold
South
25
62
Jan
83
Apr
54
50
5IM4
Jan
55
127
3%
Feb
4
A rjr
14%' Feb
18
Apr
Standard
14%
18
Apr
Steel
i
Mines
43c
1
Petroleum
__
3 %c
Apr
7% Mar
Jan
10
8% May
12%
Jan
Mar
4
__
100
Mines—
Gold
End
82%
*
„—
Lake
—
*
1
4c
Siscoe
*
A
Class B
54
*
common..
*
18
17%
18
518
17
17
17
25
preferred—.,
Apr
Mai-
4c
1.04 Feb
May
58c
Rouyn,
3%
Lakes
74c
common—*
Sheep Creek Gold Mines
Apr
2 VaC
Paper preferred——
*
Gold Mines Ltd-————I
trust
Voting
Great
8,600
58c
—
*
Co.
—
Antonio
82
54
80c
Apr
Lac Gold Mines
Lawrence
Slave
Goodyear Tire & Rubber of Can com..*
Preferred
——....—50
Jan
740
Jan
Dome
Anthony
1 %c
4c
2%c
43%
Jan
1.000
73c
Oil
4c
—
Co.
7,000
40.908
40
3 %c
74c
80c
1.55 May
1.05 Jan
47%
3 %e
Mar
Silk
2 Vic
Mining
Mining
1 %c
21c 26 %c
...
Ltd
Mines—
Gate
Goodfish
Ltd.—...
Mines
Mines
Lake
God's
Mine
Porcupine Gold
Gold
Glenora
*
Wares
Steel
General
Gillies
8
4.509
46%
61c
Mining Corp.—
Shawinigan
8%
1.55
1.20
1.55
47 %
4M»c Mar
2MbC
5%
*
Api-
Apr
2,300
Royalite
22%
*.
Mines.-
Power common.
Gatineau
51
68c
Feb
22
15
.Jan
68c
Royal Bank of Canada
5%
15
38
1
Apr
5 Va
15
475
1.30 Apr
Mining.—
East
Long
22%
3 VaC
50
Feb
6
Mar
21
48%
4
Queenston Gold Mines
3.95 May
24
Feb
*
1.00 Apr
Mines
Quebec Gold
32 Ma Mar
22M4 May
15
Jan
*
*
Gold
10
21%
22%
22 %
27%
Jan
3% May
Gold
Gold
Preston
May
5
1.20
•
class A
Co.
Foundation
22%
_1
Co—
—:
of Canada
Francoeur
—•
3.10 Jan
Jan
12
20
Metals
Riverside
Nickel Mines
Famous Players Cdn Corp.—
Fanny Fanner Candy Shops
:
Falconbridge
3.90
25 %
25
135
preferred
Gold
14c.
25
475
3%
Engravers &
Feb
4,125
8% Mar
2.675
27
14%
1.15
Mines.
Pickle-Crow
May
Jan
16
Jan
8%
14%
Feb
61
13
1.09
86c
6
7%
26%
3%
Co
Goid
4 Vic
4%
May
1.10
preferred
Penmans Ltd.
23,900
15
85c
Apr
280
Jan
*
Ltd
Perron
20,800
29%
.
190
Mar
5
Tubes
Jan
12c
85c
15
8
Mar
270
*
common
Porcuuine
1.24
4%
_*'
Co.—
Products
Washing Machine
Ltd
Paymaster Cons Mines Ltd—
11c
1.18
Corp
Products
Oils
1.16
11 %c
1.1
Malartic Mines——
182
10
5
Ltd—
Apr
9
25
*
'
Petroleums
Pamonr
Feb
May
10M4
Apr
650
189
280
*
class A
Mines_
Page-Hersey
21%
47 %
47%
185
Feb
20.500
4%c
32%
22 %
44 Va
Feb
Feb
Jan
27
280
47 %
•
Crush
Apr
23c
Jan
Mines
Apr
Jan
24%
100
1
Gold
32
*
& Steel com
10c
37 %c
Apr
85c
1.50 Mar
180
Jan
1,22
:
25c
130
3U0
47
*
25 V8
Jan
28q
20
Oil Ltd.
Feb
Jan
25
*
Pipe
Preferred
1.20 Mar
17c 20 %c
—
•
Eastern
1,550
7,250
100
Power Corp of
Easy
5%
1.56
29c 30 %c
Feb
4
50
5%
1.53
*
—
4%c
20c
1
*
Steel class B
Crest
Feb
1 Vic
1,500
Mining
Pantepec
East
2 VaC
5,500
6c
Mines
North Star
45 Va Mar
Canada——— *
Eastern
Feb
13c
Norgold Mines
Feb
20c
85c
*
Mining
1M4C
-
l%c
Mines
Noranda
Feb
1,000
Mines
Duquesne
83c
6c
—
Sewer
Nipissing
11M4 Mar
8,748
Worsteds
5,525
13c
National Steel Car
Mar
98c
Jan
Jan
23c
Nickel Mines Ltd--.;
&
Feb
25
90c
l
common
"B"
National
1.25 May
Ltd.———*
*
Tar &
Apr
99c
51
88c
11c
•»
class "A"
Preferred
Apr
1.10
Petroleum
Woollens
56
Jan
51
88c
Mar
100
1
—
Light Heat &
Corp
Moore Corp.
May
23c
Distillers Corp—Seagrams common
--Preferred*
Jan
51
1
Ltd.it—
of
Ottawa Car &
Dom
47
235
5
Montreal
1.00
(Toronto)—
Dominion
Jan
1.53
23c
_
Stores
Jan
5Vac
30Mic
1.10
Smelting
Dominion
92 V2
2.200
1
*
...
Dominion
10
8c
*
*
Petroleum
Ltd.
Feb
98
7c
Canada
Nonnewl
Invest's
7%
Jan
6%
98
Mines
Gold
Mills
6
G%
Porcupine Mines
Apr
Jan
Corp__
Apr
Mar
17
*
Corp
56c
Mar
75c
Dairy Corp. common—.
Jan
Mining
17
2,160
*
92c
93c
*
—
Mills
7%
Jan
14%
Moneta
Jan
96c
Mines.
Co__
of
5%
900
Jan
5
Jan
—,—
Bakeries
1,875
6 % May
Jan
65c
Consolidated
7%
16Mb
Feb
*
3%
May
65,867
Consolidated
7%
16%
Mine*.:
Graham
Mercury
Feb
Mines—
Gold
McVittie
12% May
*
Boxes.—;—
Gold
7%
16%
Apr
*
Lake Mines
Red
McWatters
May
6 Ma
6 Ma
1.25
■■
16 %
Feb
100
common
-a—
Porcupine Mines
McLellan
Apr
6 Mo
93c
Scottish
Jan
*
Segur Explorations Co
McKenzie
Apr
18 Ma
205
6 'a
1.18
Dom.
10%
20
common
McColl Frontenac Oil
Feb
510
29%
205
—
1.51 Mar
70c
Apr
6 Ma
29%
,*
.
Preferred
Feb
19
Chesterville Larder Lake Gold Mines__l
Dominion Foundries
Apr'
367
Mar
Natl Grocers common
Dome
Apr
8%
15%
Feb
140
Jan
Davies
7
Jan
15%
80
Jan
Jan
Denison
Jan
4%
•
Jan
1.00
Aircraft
4Va
7%
66
129
lOVaC
Cub
15
1,450
6%
10
28
7,715
Imperial
2.09
7 Mi
75
134
18.020
Cosmos
Apr
6%
Mines
Maple Leaf Gardens preferred-*
Maplo Leaf Milling common
75
47c
Consumers Gas
Apr
Apr
1.65
*
Gold
Fields
Gold
134
18 Mac
Mines
1.84
1.26
10
Malartic
4% May
Lake
Red
134
37
Apr
Mar
Jan
7,200
25c
Coniaurum
3.05
1.80
1
Commonwealth
2.95
1.70
Mines
Willans
Apr
2.30
2.95
1.73
1.15
Plow
3.40
4,245
1
1
1.10
Cochenour
Feb
Jan
17 '/a
Jan
1.13
Cockshutt
Apr
19%
90
2 Ma
25
Commoil Ltd.——
Jan
19 %
195
19
343
Mines
—
21%
20 Mi
Ma
Quartz Mining Co
Research
Jan
Feb
20 Mi
*
7,500
1
Chemical
1.00
19
•
38,905
25
Rv
Gold
85c
Mar
lc
6,140
1.09
Ltd
Co
Gold
2%c
Jan
68c
70c
20 Mi
1.62
*
Canadian
Jan
60%c
2.000
1.00
8 Mi
Api-
11,250
1.56
37
11
70c
1.06
8'/*
Jan
85c
1.58
1.35
Feb
9%
2%c
1
4
9 VaC
68c
1
4
Jan
2c
*
B
oc
82c
Madsen
class A__l
class
Apr
14% Mar
13% May
84c
1
MacLeod-Cocxskutt Gold Mines
Co.——50
Alcohol
Apr
55
May
54.
Feb
140
*
Securities
Canadian
1
Ltd
Mines,
May
__
Feb
Apr
5.30
Jan
3.65
395
May
11 Mi
Canadian
10%
38
—^—___100
Industrial
10%
14 %
-'V Class B _'__*_*.—
Can.
10Ma
Jan
common
Electric
3
71c
16
May
10'% Jan
6,300
Jan
com—_*
__
General
Canadian
5%c
31M4
Dredge
Gen.
Cdn.
5 Mac
268
*
preferred ;
—
Prefer red
5%c
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A
McJLntyre
Canadian
1
1,892
——20
Celanese
Canadian
—
Mines—
38
———_
Canadian Car & F'dry Co Ltd
Preferred
107
14 Vi
*
—
Convertible
3
14
13
common
preferred
1st
54
37
Canners common
Cdn.
4.90
54
13 %
Ltd..!
Mines
Uold
Leucn
Jan
•
Commerce
45c
400
4.75
*
37
100
of
4.85
100
Candy
Laura
Apr
4%
Gold
100
Preferred
Bank
564
13%
—*
common
Canadian
3.500
13%
•
—
Bakeries
Canadian
*
45c 45%c
13
High
Low
High
50
common
Preferred
13%
Range Since January 1
Shares
_
Banking & Loan Co
Lang & Sons Ltd
Macassa
Canada
Mines
Gold
45c
A
for Week
8 %c May
3
80
1
Cement
Lamaoue
Landed
1.700
*
B
Jan
Apr
350
1.53
Canada
Class
15%
11%
14 %
11%
1.50
Low
1
Ltd
Mines,
ouore
Feb
14%
ir%
1.53
Camp Bird Mines Ltd
Canada
fjciKe
Mar
14%
11%
-1
common
Lake Dufault Mines Ltd
Sales
.
of Prices
Par
Apr
•
Range
Sale Price
High
*
Oils Ltd
Bread
Last
STOCKS—
Range Since January 1
*
—
Calgary & Edmonton Corp Ltd
Calmont
Shares
2.05
2.05
Mines—
Ltd.—
Steel-Co—
Burlington
Low
—*
Ankerite
Buffalo
Par
of Prices
Week's
Friday
for Week
Range
Sale Price
Listed and Unlisted
-
Sales
Week's
Friday
STOCKS—
-
Monday, May 10, 1943
Feb
Chemical
Standard
Co
Co.___
Canada
of
.
common..
16% May
1.10 Jan
1.75 Feb
:
•
Lime
Gypsum
Alabastine
&
*
14c
:
4 Vic
3,700
3.50
267
5%
*
879
3.50
——1
....
Hallnor Mines Ltd
3,700
5%
4c
1
Halliwell Gold Mines..
14c
5%
5%
5%
700
'
Bridge
Hamilton
3
Harding Carpets Ltd..*
Gold
Rock
Hard
Gold
Harker
Oil
——
&
Huron & Erie Mortgage
Feb
7c
Jan
3.50
Jan
6 Ma
1.74
17,150
1.51
Jan
•
1.97
1.81
1.97
2,902
1 46
Jan
2.10 Mar
1
1.50
1.52
2,750
1,38
Jan
1.68
Tamblyn (Ltd) common...
Teck-Hughes Gold Mines
Apr
*
12
12
55
10%
Jan
3
May
40c
Mar
3% May
58c
Canadian
Texas
Jan
Oil
2c
Apr
3%c
Feb
Toronto
700
10c
Jan
17c
Feb
14
15
Apr
Twin
11 Me
695
8.50
4,125
2.65
4c
7,000
18c
545
29 %
31 %
1,580
60 Vb
60 Va
30
3c
Mar
Bank
.100
.....—
Imperial Oil
—•
Imperial Tobacco ordinary.———.5
—
Inspiration
Mining
International
&
Metal
Develop
common
Preferred
Jan
Jan
3:60
Jan
5Mac
17MaC Jan
21c
Milling
International
Nickel
International
Petroleum
Union Gas
Feb
United
Jason
M.
class
A_
"B"
Mining———
Mines Ltd
%
26%
Jan
32 Ma Mar
55
Jan
65
28c
15
157
11%
Mar
Jan
175
May
Jan
14 M»
Gold
12 Ma
Feb
United
.
B —*
1
——
600
26c
Mar
365
10 Ma
Jan
90
of
Kerr-Addison
Kirkland
Kirkland
For
——
Lake
Canada
Gold
Gold
95
95
10
..100
114%
115
221
35c
Feb
Vermilata
16
Apr
Vulcan
Jan
99
Townsite
footnotes
see
112%
115
Apr
Waite-Amulet
37%
38%
1,285
33
Jan
39%
Apr
Walker-Gooderham
18
18%
2,335
17
Jan
19 Mi
Apr
—*
8
8
8
450
6
Mar
8
May
30c
20c
30c
5,140
20c
May
30c
Feb
47c
Mar
6%
7
50
6
40
8%
50
25
-Jan
Apr
7% Jan
160
32%
Jan
4
4
45
3%
Jan
5%
5%
1,450
4%
Jan
34
....
•
Apr
22
852
23
8%
6%
*
—
•
*
34
1.15
1.10
1.16
3,250
5.65
5.G0
5.65
1,253
—
12c
13c
12,500
24c
24c
1,000
95c
9%
7%
23
9%
37
Apr
Feb
A pi-
Mar
Feb
4%. Mar
J6
Apr
4.40
Jan
1,28
Jan
6.00
Feb
Jan
15c
Jan
Mar
36c
Feb
Feb
6 Vac
6%c
6 Vac
1,000
6c
Jan
10c
Feb
—1
—
9%c
4,753
20c
3.40
Jan
4.95 Mar
4.75
4.80
55%
56%
736
47
Jan
56% May
20Va
21
416
IP
Jan
21
21c
22c
4,000
19c
Jan
24c
5
5%
743
3
Jan
—
80
84%
—
14
14%
May
1
lc
lc
lc
2,000
lc
16c
16c
16c
2,000
13c
1%C
1%C
1 Vac
2,000
1
1
1735.
18c
Api
12c
35c
30
1
:—
——
Ltd..—-V.—
18%
1
—
page
Jan
500
Mar
Jan
Oils
Oils
37%
x
Mining
52% May
2,000
1
Ltd
Ventures, Ltd.
—•
Mac
Feb
IMaC Mar
Jan
21% Mar
Jan
2c
Feb
12
12
255
6.05
5.90
6.15
■
4,937,100
65c
65c
65c
2,900
55c
Jan
70c
Feb
10c
10c
500
10c
Apr
12c
Apr
*
—
Mines
1.90 May
Jan
12c
*
Upper Canada Mines
Preferred
—
10
4.75
Jan
Jan
12
Apr
Mines,
&
Ltd—
*
Worts
com—*
—*
*——
Wendigo Gold Mines————
Western
Canada
Preferred
Westons
Ltd
Preferred
Winnipeg
Kelvinator
Apr
Jan
50%
38c
23
A.'—
class
Fuel
Class
12c.
38c
*
•
Co of Canada
.
1
Mines
3.20
Apr
Mar
Apr
Mar
1
Mines
Cons.
Jan
12
90c
8%
t
—
Corp class A—
•
Waite
Jacola
J.
Utilities
27
1
Class B
1
International
Jack
preferred
common
340
52%
1.85
2,595
1.90
52%
*
Apr
Mar
10
100
——
International
Class
..
100
28c
.
5,005
14%
15
-•
21
13%
11%
175
Co—_I
A
175
12%
11%
175
13%.
2.85
1.85
*
City Rapid Transit common
United Steel
Imperial
2.65
1.90
2.14 Mar
Apr
10
3.45
18c
31%
2.80
_50
Towagmac Exploration Co—
Transcontinental Resources
125
9.65
Corp com—100
1
preferred
Elevators
.
_5
Corp
1,000
3.25
>
•
Apr
4%
1.65
Sylvanite Gold Mines. Ltd
Feb
2.50
73
1.65
25
——
15c
1
•
4c
73
*
Preferred
Feb
Feo
2 VaC
3 %c
Mines
Hudson Bay Mining & Smelting
5%
17c
14%
—1
Gas——
Gold
Howey
9.65
3.25
—
Oil
350
2,560
Jan
15 c
'U—
Hollinger Consolidated Gold Mines——5
Home
2 Vac
3%
46c
Jan
5
14%
Oils; —•——.1,-—*
Dauch Paper Co.—
Homestead
45c
45c
.1
——„
Highwood-Scarcee
Hinde &
—.11
Mines
ll%c
Steep Rock Iron Mines
Sudbury Basin Mines—
Gunnar
10
1
Flour common——*
100
*
——
common
.100
—
Electric common.———-—*
Wright-Hargreaves
Mines
20 Vb
*
—
3.40
15
40
Jan
12
Feb
94
Jan
100
—
—
413
330
•
.
100
37/8
3.35
4%
2.379
3 %
Apr
3.50
10,585
2.50
Jan
41
41
$1,000
May
Feb
5% May
87
14%
100
Apr
Apr
May
4% May
4.20
Apr
6.35 Mar
Bonds—
Uchi 6 %
.
—
26
Feb
45
Feb
Volume
THE COMMERCIAL
Number 4175
157?
CHRONICLE
& FINANCIAL
1735
Friday
Toronto Stock
Canadian
May
I
to May
4
Fast
Par
Canada
Bud
Canada
Range Since January 1
Low
High
*
10
10 Va
8
8
20
1
2 Vac
3VaC
3,955
Marconi
•
3%
4%
0
4
4
90
90
26%
27 Va
♦
1.21
1.26
*
9
9
50
1
11c
13c
5,250
.1
1.60
1.62
1,400
*
25
25
200
Ltd. class
Press
Foothills Oil & Gas
Humberstone Shoe
10 V\ May
Osisko
Lake
'i
—„
—
Mines
„
Ltd——
__
8V2 Apr
Pend
3 Va May
6% Jan
85c" Jan
—
"A"
—
High
Feb
G
195
*
Breweries
Vinegars
Canadian
La id
Range Since January 1
High
Consolidated Paper Corp—
for Week
Shares
Shares
Low
Consolidated
Sales
Range
for Week
of Prices
Corrugated Paper Box Co prelerred_100
Dominion Bridge
*
from official sales lists
of Prices
Sale Price
Sales
Range
Sale Price
Par
Week's
Friday
STOCKS-
SIOCKS-
Funds
both inclusive, compiled
Week's
•
Last
Exchange-Curb Section
Supertest Petrol Corp ordinary
Oreille
Mines
&
Metals
—
Low
\:
High
15,630
3
Jan
100
3
Mar
4
May
15
70
Jan
91
Apr
15
25 Va
Jan
30
78c
Jan
1.35
Apr
8
Apr
9'/a
Apr
4 % May
■
<;
•
.
900
?;
7'Ac
Apr
1.05
19c
Jan
18
Apr
Jan
1.74
Jan
25
Feb
May
OVER-THE-COUNTER MARKETS
Quotations for Friday May 7
Investing Companies
Bid
Ask
1
7.67
8.34
1%
3.13
Insurance
Par
Par
Bid
Par
Affiliated Fund Inc..
Holding
AAmerex
10
Corp
B-2
25.39
27.89
B-3
17.70
19.43
B-4
9.34
10.27
15.31
16.78
17.37
19.16
Series
6%
6%
Series
K-l
13.08
14.03
Series
K-2
.2
—1
23.48
S-2
12.54
13.82
Series
S-3
9.79
10.80
4
4%
Series
S-4
4.35
4.83
5
10
preferred
Shares
6%
Basic
Industry
Fund
Boston
6.19
*
89.18
91.00
Sayles Sec Fund
10
37.44
27.76
14.26
15.63
1
3.00
3.60
*
27.00
29.03
Maryland Fund Inc
1
9.59
10.38
Mass
Loomis
Ltd
Century Shares Trust
Fund
Chemical
com—100
Securities
Christiana
100
Preferred
1
Commonwealth Invest
1
Investment Trust
Consol
2,330
2.430
140
143
4.48
Nation-Wide
AA
Series
ACC
A 8 r/c
100
B
%
,—
10
preferred.
100
Cumulative Trust Shares
•
B
4.70
18.99
D
5.95
:-25c
Dividend Shares—._
1.19
1.31
1
19.34
1
11.61
Equitable Invest Corp (Mass) .8
Equity Corp $3 conv pfd
1
32 %
Fund
20.77
17.18
18.50
1.76
1.34
5
5.45
Fund
Mutual
Trust
Fixed
Trust Shares A
2
20.53
22,50
Fundamental Trust Shares A__2
4.56
B
Inc
-•
——
General Investors. Trust-
4.94
Camden
Fire
City of
5
New
York
Automobile
Building shares
Chemical
7.07
6.03
9.34
4.64
—_
5.11
Petroleum
RR
Steel
shares
1943
shares..———.—
Newark
5
Foundation
Fund
92
42%
45-%
11.05
12.14
8.33
9.16
Home
7.15
•
Homestead
6.49
8.43
7.31
9.96
8.09
Incorporated
.
_.
6.64
6.77
Securities
North
Amer
Series
Trust
2.04
1956
1
Series 1958
1.
Plymouth Fund Inc
Putnam
2.14
,10c
Fund
(Geo)
_
of
3.56
Par
Co
3.91
Bankers
•'
Inc..
Selected
86.94
88.76
9.14
9.97
"2%
Amer Shares
Brooklyn
Aviation Group
Bank
Selected
Income
1
Sovereign Investors
Spencer Trask Fund...
1
6.07
•
13.98
14.86
State
*
75.49
81.12
6.72
St
Investment Corp...
2.33
5.93
6 95
4.53
4.77
Trustee
Stand
Oil
of
Co
13.55
Class
—1
.1
B
Trusteed
88c
11.66
11.93
Bid
100
-12%
31%
33 Va
-17%
32
33%
362
46
48
78
83
w.
100
Companies
Ask
352
Par
Irving
•
5.72
Industry Shares
_25c
Kings County
Lawyers
1,290
28
-20
43
..20
53
55
.100
197
207
80
83
Title Guarantee & Trust.
..12
United
.100
__
A.
25.18
18.50
20.22
293
1 Va %
100.2
100.3
1
100.7
100.8
tMar 15,
15,
lVa%
100.14
100.15
fDec
1946...
%
100.16
100.17
%%
100.12
100.14
%
100.26
100.28
Int. Rate
1
;
Mar 15,
15,
17.45
Banking
Co
1
1%
1
1944
_____
99.25
99.27
100.18
100.20
100.10
100.12
Bid
10
Macy
15%
14
(R H)
Penn
Corp
Electric
15.
Certificates
Int. Rate
5%
1,185
Bid
Ask
VA%
of
-
99.17
1
%
l'/a%
99.20
99.22
100.11
100.13
99.19
Indebtedness—
t%s Aug 1, 1943
t%S Nov 1, 1943
t%s Dec 1, 1943.
t%s Feb 1, 1944
b0.49
0.44%
b0.73
0.70%
b0.78
;
0.75%
b0.80
0.77'V
b0.83
0.80'»
b0.83
t%s Apr 1 1944
*%s May 1,1944—j
0.80 V
106%
98
98%
33/as,
Indiana
Public Service of
3%s
Puget Sound
104%
105%
100%
101
108%
104%
105%
100%
1972
105
104%
1972
107%
2%s 1952
Ask
Bid
Ask
106
1971
Empire Gas & Fuel 3%s, 1962.
Boston
4%
1,145
Quotations For Recent Bontl Issues
Cent 111 Pub Serv 3%s,
3%
%%
%%
...
1945
Ask
1%%
...
1945
Bid
%
1
1944
tMar
15.86
;.
1944
tSept. 15,
45
point
a
1946
15,
31%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of
1943—
Corporations
A First
States.
1943
Sep .15,
Xl.57
&
62%
288
15,
Jun
%
170
15,
7.90
14%
B
Investment
Co.
&
Dec
81c
23.04
■
Wellington Fund—
P)
Maturity—
tDec. 15, 1945
Mar 15,
C
& Pwr Shares
(J
Sep
40c
7.22
B
59 %
155
—
Preferred
44%
43 %
.50
—
14 %
..25
-25
Exchange Bank & Trust_20
Ask
13%
.100
...
common..
New York
6.21
72c
Bid
-10
Manufacturers
Bank
1,435
Public National
New York Trust
Par
4ak
1,405
National City
16%
--
24.57
1
35%
200
15%
Guaranty
32%
Rid
.100
10
Fulton
79
30%
Par
First National of N Y.
Jun
—......__'__25c
Series
1.21
Investors Fund C
33%
192
100
Maturity
1.52
22.60
21
Morgan
Trusteed Amer Bank Shs—
27c
America—.10
Ask
19%
46%
Corn
__
75
2.50
44 %
Shares—
ASeries A
ABIair
Investment
Fire—
10
4.00
1.10
53%
& Trust—.
3.51
80c
33 Vt
51%
95%
14.02
shares
31%
4
10
92%
Ltd—-
shares—
Fidelity & Guaranty Co__2
Guarantee
20
Empire
Super Corp of Amer AA___.111
483
Fire
S
Continental Bank & Trust.
4.05
67 Vt
473
U S
Chemical
Shares
U S El Lt
Group shares
Insurance Group
100
Central Hanover
2.17
12.79
Bid
10
National.
6.75
—1
Republic Invest Fund
66%
New York Bank Stocks
Manhattan
13.97'
6.05
Travelers
Westchester
52c
12.99
127 Va
10
U S
Fire
Commercial National
48c
10c
...
123 %
Standard Accident
41%
_
—
1
Inc Shares
Springfield Fire & Marine....25
95
38%
Chase
2.52
.1
2.83
2.73
27%
20
__
2.58
62%
50%
U
Bank
*
;_L
10
& Marine..
41%
78%
shares
1953
2.09
2.43
23%
48%
17%
39%
ctfs.
1
2.14
6 V,
24 Va
22%
39%
76%
6.52
North Amer Bond Trust
-.1
*
5%
x22%
.10
10
7.45
5.92
20.65
Independence Trust Shares
Institutional
2
10
.10
(NY)
Fire.
30 %
5.34
'-_L
36 Va
..10
15%
11.35
4.84
14%
34 Va
10
—
Security New Haven
28%
7.31
10.33
—1.
C
5
Investors..
Corp
Paul Fire
Jersey Insurance of N Y
8.90
stock
D
1.39
87%
13
5
Seaboard Surety...
5
10.95
—.
ASeries
19.20
45%
(Texas).
(Paul)
Insur Co of North America
8.04
equipment.
Republic
Revere
10
9.27
ASeries
10c
106%
43 %
■$. 84%
25
Co
Providence-Washington
St
Hartford
5.99
Inc
A—
Common
xl62V2
—10
10
Reinsurance
Hartford Steamboiler Inspect._10
stock
102
28 %
25%
Series
Income
12%
26%
6.04
5.44
15c
Holding Corp.
11%
5
Fire
5%
9$
80%
5
American
27 Va
4%
5
..12.50
Preferred Accident
Republic
Hanover
United Bond Fund series A
A Huron
Northeastern
77 Va
9.93
6.13
4.28
25%
10
9.03
7.48
3.63
23%
River...
Fire.,
5.51
...
7.67
3.88
shares—
Tobacco
Utility
.
16%
—2.50
North
Indemnity
10
Inc—
4.33
Equipment shares
15%
Phoenix
10%
4.11
—
5
Fire
Pacific
30V«
3.18
shares
shares
York
Pacific
28%
A Series B.
Railroad
32%
46%
42%
5
6.32
Mining shares.^:—
30%
44%
25%
43 Va
5.39
.i
10
10
Casualty—__2
68'A
9%
Stocks
178
Amsterdam
66 %
5
York
8%
7%
173
20
Hampshire Fire
40 %
Globe &
7.22
13.11
61
59
.2
;
7%
6%
•
Brunswick.
10
Fire
Trustee Stand Invest Shs—
Merchandise shares
4
10
10
6.57
6.54
12.16
5.57
Price Shares
Low
Y
Northern
18%
6.80
__—
18%
49
6.97
bond shares
Investing
N
39
17%
6.04
8.50
shares
Electrical Equipment
Food shares
General
8.22
6.43
33
37
41 %
5.87
7.48
shares
Aviation
6.82
17
31
46
Fund,
6.20
5.33
shares
shares
22'A
5
Phila
of
20%
10
Bank of New York
Agricultural
Fire
New
5
Scudder, Stevens & Clark
Group Securities—
Mfrs
6.12
10
Connecticut General Life
33.17
5.33
5.92
10
Quarterly
30.85
25
100
4.21
Capital Corp...
General
5.45
Shippers
Glens Falls Fire
Railroad equipment—
4.20
Invest
Bankers &
General Reinsurance Corp
Gibraltar Fire & Marine
Railroad
9.41
3.60
Fundamental
90
&
New
4,73
Series
10
Trust
87
Merch
New
7.41
1
50
New
Franklin
Series 1955
Shares A—1
Foundation
8
Firemen's
Oils
,
First
57
7
1.37
Metals
6.09
•
55
6.98
Steel
Inc.
Inc__
Industrial Fund,
Financial
25
2%
1.25
Machinery
34
Fidelity
Surety
5.96
Electrical
31.49
Fund
Stock
American
Baltimore American
6.46
England Fund
73
15%
1
Chemical
12.46
29.29
Fund
Balanced
57%
14%
3.45
Building supply
Howard—
&
551%
4.28
Insurance
Eaton
National Liberty
National Union Fire
6%
70
46%
12 Va
—.5
National Fire
10
Federal
Aviation
3.55
5.25
15%
6.73
Bank
1
2.50
——
i
5%
20 %
10
11.68
Agriculture
20.53
1
Casualty
Massachusetts Bonding
23%
Reserve
—25c
voting shares
9%
Maryland
19
Re-Insurance
10.57
♦
8%
14%
American
9.83
shares
Ask
5
Par
22%
5
2%
series
New
Diversified Trustee Shares—
C
10
Newark
American
Great
1
Fund
of
10.69
Preferred stock series
a
73
Equitable
American
Fireman's Fd of San Fran
Automobile
Delaware
Alliance
American
1
29
1111
70
Low priced bond series
New
Insurance—
shares..
American
10
Inc
Securities—
series
Income
29 Va
118%
preferred
& Forster
A Common
A7
common—10
27%
34 Va
Continental Casualty
National Security Series—
Bond series
2.64
Forster
&
ACrum
21.66
National Investors Corp
2.64
mod
4.70
20.14
Fund
Fund
2.19
mod
Series
Crum
(Mdl
32%
Bid
Knickerbocker
Merchant Fire Assur
Fire Assn of
2.31
Accumulative series
4.20
1
2.19
AA
Series
2d
Invest
(Colo)
Corporate Trust Shares
10c
Trust
Investors
8.79
4.87
36
34
38.20
7.99
10c
Investors
Mass
55%
Bond Fund Inc—
Common
Mutual
134%
53%
25
Agricultural
Boston
Manhattan
Fund
Inv
Canadian
Fund
25.68
Loomis
129%
10
Life
6.84
Sayles Mut Fund
Knickerbocker
17.19
15.99
5
Inc
Ltd
Fund
Bullock
3.67
:
1
Street Invest Co
Broad
Ve
S-l
5
Inc
Aetna
25.79
Series
4
Series
1
A Common
A
...
3%
Nat Investing—
Bankers
33.08
Series
3.50
14.83
Shares
Oil
30.21.
Series
22%
3.19
10
Casual & Surety
Aetna
B-l
Investing.lOc
Foreign
Stand
Series
3.42
13.07
Axe-Houghton Fund Inc
Assoc
Custodian Funds-
1
American Business Shares
American
21%
Keystone
Companies
Ask
10
Aetna
Aeronautical Securities
Bid
Ask
100%
106%
107!
Southern Natural Gas Pipe Line
P & L 4%s
1972—
3'As, 1956
Wilson
&
Co
Wisconsin
3s
1958——
Pwr & Lgt
3'As,
1971
s
Obligations Of Governmental Agencies
Bid
Ask
tl%%
Feb
Bid
Rates
15, 1945
100.3
2s
100.5
Home
Loan
%s——„
Oct.
1,
1943
b0.75
0.60','
1946-1944
4s
1964-1944
3%s
3s
1955-1945.
103%
1955-1945
;
103
1C3J2
...
—
—
X\%
Bonds—
U
4s
1943 at
100.23
3
105
July 15, 1943
Apr 15. 1944
fcr discount at
Ask
23,
May 19.
1943—
b0.37
b0.37
0.28V
0.30A
100.3
100.4
May 26,
1943
b0.37
0.32%
July
100.3
100.5
June 2.
b0.37
0.32%
1943—
June
9.
June
-
-
16,
-
—
30.
_r —
July 7. 1943—
b0.37
0.32V
July
b0.37
1943..———.——
1943
1943—.
July 21,
May 12, 1943
Ask
Bid
June
Treasury bills—
June
Housing Authority—
Bills
purchase
0.32%
Aug.
—
1943
14,
1943—.——,
—
1.943...
28,
b0.37
0.32%
b0.37
0.33 v;
b0.37
b0.37
b0.375
b0.375
b0.375
0.35%
0.34%
0.34%
0.35^
104
104%
100%— 100.20
are
:
Reconstruction Finance Corp—
11 Vb %
Federal Land Bank
.
3, 1944—
Call July 3,
Banks—
100
quoted
Bid
.May 16, 1943
l%s Jan.
Federal
United States Treasury
Ask
Federal Natl Mtge Assn—
Commodity Credit Corp—
if!
1%%
Feb
notes
Other
1,1944
100.18
100.21
1943
4,
1943.——
—
0.35'r
Issues
•No
104%
104%
U S
Conversion
3s—
1946
106%
Jan.
1,
1956-1946
105%
106 %
U S
Conversion
3s_
1947
IO8V4
108%
3s
May 1,
1956-1946
106 ,-'.
106];!
Panama Canal 3s
1961
128%
130
value.
«•
Odd
lot
sales,
b Yield
price,
d Deferred
delivery,
r
Canadian
market,
106%
3s
par
s
Cash sale—not included in
oonds are
range
for
subject to all Federal taxes.
year.
x-Ex-dividend.
y
Ex-rights,
tin default.
A Quotations not furnished by sponsor or issuer.
tThese
THE COMMERCIAL & FINANCIAL CHRONICLE
1736
Monday, May 10, 1943
Week
THE COURSE OF BANK CLEARINGS
Bank
clearings this week show an increase compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
country, indicate that for the week ended Saturday, May 8, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
the
Our preliminary total
stands at $10,290,677,979, against $7,023,473,726 for the same week in 1942.
At this
center there is a gain for the week ended Friday of 73.9%. Our comparative sum¬
mary for the week follows:
be
48.4%
for
above those
the corresponding week last year.
1943
Ended
1942
$
$
,
May
1
Inc. or
Dec. %
Fifth Federal Reserve District—Richmond—
West
990,975
+ 16.2
6,163,000
+ 11.5
5,372,000
3,197,000
55,261,439
+ 23.7
49,611,408
39,086,474
;
1
_.
Richmond—
South Carolina—Charleston
2,089,083
Total
1,584,798
1,351,805
+
29.4
107,818,297
82,447,651
32,761,569
+
13.4
32,507,681
27,312,793
272,248,307
(6 cities)
+ 20.2
120,694,345
37,151,602
Columbia—Washington—
1,738,330
156,138,182
Maryland—Baltimore
District of
697,706
890,812
1,646,681
6,869,000
68,353,759
Virginia—Huntington
Virginia—Norfolk
217,609,658
+25.1
197,785,006
154,093,429
Sixth Federal Reserve District—Atlanta—
Tennessee—Knoxville
Clearings—Returns by Telegraph
New
$5,071,140,194
Boston
-
470,000,000
270,040,701
+
Georgia—Atlanta.
Augusta
+ 19.6
333,659,183
-
Philadelphia—;
$2,916,816,214
358.208,929
562,000,000
York
Chicago
370,684.389
+ 73.9
3.4
—
1,548,588
1,164,056
•23,532,000
19,483,000
Alabama—Birmingham
42,512,391
36,413,290
+
16.7
32,235,919
26,193,904
+
28.4
+
25.2
+ 55.0
174,137,493
+
5,046,126
140,750,707
+ 41.1
$4,804,281,976
1,490,301,800
1,202,979,995
+ 23.9
$8,825,564,983
$6,007,261,971
+ 46.9
+
Total
—
All cities, one day
1,465,112,996
1,016,211,755
$10,290,677,979
176,406
42,087,073
261,824,244
+31.7
237,542,494
181,179,277
296,902
$7,023,473,726
+
44.1
South
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended May 1.
For that week there was an increase of 29.7%, the aggregate of
clearings for the whole country having amounted to $9,946,706,634, against $7,666,814,385 in the same week in 1942. Outside of this city there was an increase of 25.4%,
the bank clearings at this centre having recorded a gain of 50.2%.
We group the
cities according to the Federal Reserve Districts in which they are located, and from
this it appears that in the New York District (including this city) the totals show a
gain of 34.0%, in the Boston Reserve District of 19.8% and in the Philadelphia Re¬
serve District of 26.2%.
In the Cleveland Reserve District the totals are larger by
20.4%, in the Richmond Reserve District by 25.1% and.in the Atlanta Reserve Dis¬
trict 31.7%.
The Chicago Reserve District records an improvement of 8.5%, the St.
Louis Reserve District of 37.0%, and in the Minneapolis Reserve District of 45.3%.
City Reserve District the totals register an expansion of 29.8%, in the
Dallas Reserve District of 45.8% and in the San Francisco Reserve District of 33.2%.
+ 12.3
4,590,139
3,581,698
+ 40.2
2,867,114
2,018,512
3,133,541
2,652,340
31,542,000
Bend
29,645,000
2,923,739
3,854,766
Ended
Week
12 cltle*
Boston
New
$
$
Federal Reserve Districts
1st
2d
"
12
York
Inc. or
Dec. %
1940
$
$
451,231,367
376,663,907
+ 19.8
333,354,714
4,031,048,666
+ 34.0
3,945,032,637
6,997,423
5,892,351
22,624,489
22,299,586
+12.7
1,437,007
1,501,684
16,067,174
22,003,296
—27.0
15.520,742
11,274,930
7,010,927
6,176,572
+ 13.5
4,485,635
639,885
437,858
+ 46.1
518,286
411,486
516,272,626
461,704,068
11.8
375,503,685
334,308,565
1,946,347
Sioux City—
ChicagoDecatur
1,368,629
+ 42.2
1,460,922
1,104,251
Peoria
+ 37.7
7,411,054
527.643,563
436,024,011
6,840,844
4,968,147
5,051,804
4,544,423
2.163,638
2,038,576
+
6.1
2,031,433
1,371,998
2,431,663
1,993,380
+ 22.0
1,651,806
1,493,135
647,911,661
597,214,870
+
8.5
475.723,810
421,182,217
180,900,000
133,500,000
+ 35.5
112,100,000
92,700,000
65,324,596
48,446,948
+
34.8
45,296,792
33,552,269
43,283,823
29,435,989
+ 47.0
24,581,515
120,361,575
1,149,000
729,000
+ 57.6
808,000
566,000
290,657,419
212,111,937
+37.0
182,786,307
147,179,844
+10.9
Total
(17 cities)
Eighth Federal Reserve District—St. LouisMissouri—St.
Louis
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
Tciial
(4 cities).
;
Ninth Federal Reserve
District—Minneapolis—
Minnesota—Duluth
3,933,088
3,119,069
3,625,346
101,362,258
+ 51.8
92,342,875
86,375.262
53,551,176
Paul
3,546,791
153,906,721
.
Minneapolis
39,694,598
+ 34.9
33,322.811
32,662.527
+
8.7
2,575,608
2,588,615
+
Dakota—Fargo
2,972,979
2,734,179
D&kota—Aberdeen
1,232,386
1,140,618
947,270
803,112
5,304,607
3,371,1362
221,847,727
152,653,218
Helena
Total
606,484,108
+
(7 cities)——
Philadelphia
10
"
Cleveland
"
"
-530,406,606
+ 20.4
419,980,484
316,036,872
272,248,307
217,609,658
+ 25.1
197,785,006
154,093,429
Hastings
6th
Atlanta
7
6
10
638,776,487
Richmond
"
"
344,903,607
261,824,244
+
31.7
237,542,494
181,179,277
Lincoln
647,911,661
597,214,870
+
8.5
475,723,810
"
"
"
"
"
290,657,419
212,111,937
+37.0
182,786,307
421,182,217
147,179,844
221,847,727
152,653,218
+ 45.3
135,975,326
130,411,713
273,142,917
210,459,370
+ 29.8
158,380,713
144,605.585
135,247,764
92,772,513
+ 45.8
82,473,115
69,886,095
503,054,179
377,565,288
+ 33.2
307,870,962
264,856,555
17
Chicago
St.
Louis
4
—
Minneapolis
10th Kansas City
9th
7
10
—.
6
10
11th Dallas
Francisco—.
12th San
Nebraska—Fremont
'Total
Canada
•—
32 cities
—-
—
9,946,706,634
7,666.814,385
+
29.7
7,004,549,131
856,213
784,704
57.3
2,835,615
3.537,480
+45.3
135,975,326
130,411,713
+
St.
172,705
159,973
+
20.9
3,000,907
3,283,087
48,146,481
+
54.5
+
40.7
35,658,350
1,875,638
32,487,189
2,130,927
5,985,569
4,343,604
+ 37.8
3,869,351
3.719,454
178,130,253
146,359,673
+ 21.7
109,237,511
98,186,992
4,132,552
21.5
3,275,493
1,138,147
912,178
+ 24.8
354,813
2,969,568
426,385
765,703
691,949
+ 10.6
829,184
630,427
273,142,917
—
.
—
Missouri—Kansas
+123.6
5,020,986
Wichita—.
+ 49.0
163,398
3,442,562
74,374,812
2,998,263
Omaha——
Kansas—Topeka
136,046
365,424
210,459,370
+29.8
158,380,713
144,605,585
+ 16.0
202,699
City
Joseph
Colorado—Colorado Springs
3,780,473,941
+ 25.4
3,189,365,573
2,664,234,621
413,772,621
>456,774,439
9.4
404,121,994
499,267,516
+
106,761
116,619
2,625.891
6,210,093,908
4,741,007,815
-111 cities
——
923,135
4,161,061
Pueblo
Outside New York City
837.779
8.0
+ 18.0
Tenth Federal Reserve District—Kansas
City-
6th
6th
4,429,849
Rockford
4th
7th
+
Springfield
3d
—
+ 18.5
3,661,888,350
26.2
2,291,437
+ 35.6
Illinois—Bloomington
282,749,960
5,402,335,871
765,349,328
22,113.000
3,269,729
1,611,305
North
1941
2,222,371
26,018,000
26,346,223
8,781,118
Montana—Billings
CLEARINGS
1942
1943
1
May
BANK
3,228,954
6.4
+
1,815,917
South
OF
SUMMARY
+ 18.1
+ 31.9
35,730,373
.
Wisconsin—Milwaukee
Iowa—Cedar Rapids
Des Moines
St.
following we furnish a summary by Federal Reserve Districts:
466,642
4,209,898
3,427,883
145,423
Indiana—Fort Wayne
+46.4
322,941
—51.0
4,728,045
4,807,374
Rapids
Lansing
Terre Haute
In the
181,174
51,887,076
Michigan—Ann Arbor—
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much the week
ends Saturday and the Saturday figures are not available at time of going to press.
In the Kansas
7.2
+ 40.0
—
District—Chicago—
Indianapolis
Total all cities for week
2,234,720
2,875,806
153,600
61,580,681
344,903,607
(10 cities)
Seventh Federal Reserve
52.7
Grand
Total all cities, five days
+ 34.0
142,590
+ 16.1
89,340,953
3,765,800
—
86,201,090
.
$7,335,263,183
Other cities, five days
Mobile
Mississippi—Vicksburg
Louisiana—New Orleans
18.1
163,399,406
Ten cities, five days
1,398,018
2,039,091
0.2
126,061,484
—
63,500,000
+ 88.7
150,771,000
Cleveland
Baltimore
—27.4
20,202,334
*1,750,000
103,400,000
205,667,343
4,739,766
4,804,635
25,838,205!
92,600,000
25,355,000
118,340,519
Pittsburgh
21^2
1,746,080
129,500,000
—1
24.1
+
47,870,254
151,894,644
St. Louis
2,661,144
1,930,915
Macon
+ 37.7
+
Florida—Jacksonville
233,732.000
Kansas City
5,482,842
28,861,887
95,800,000
116,100,000
23.6
1
San Francisco
7,549,618
35,804,543
Nashville.
1942
1943
Week Ending May 8
—
Total
(10 cities)
Eleventh Federal Reserve District—Dallas—
Texas—Austin
week ended May
1 for four years:
Week
Ended
May
1
'
1942
1943
$
$
Clearings at—
Inc.
1940
1941
or
Dec. %
$
$
2,879,419
2,481,312
1,753,577
2,613,777
73,233,000
+
53.1
65.292,856
53,039,547
*10,000,000
9,257,083
+
8.0
8,478,556
7,695,793
Galveston—
detailed statement showing the figures for each city for the
our
112,153,060
2,904,137
2,625,000
+10.6
2,439,000
Wichita
add
now
Dallas
Fort Worth—
We
1,075,931
1,092,864
1.5
1,057,938
1,050,250
6,235,217
4,083,254
+ 52.7
3,451,188
3,014,728
135,247,764
92,772,513
+45.8
82,473,115
69,886,095
53,295,160
40,629,169
Falls
Louisiana—Shreveport
Total
(6 cities)
First Federal Reserve District—Boston-
4,167,593
—12.6
2,116,700
2,024,617
323,888,666
+ 22.3
282,792,792
239,488,404
+
35.7
888,071
+ 17.1
788,313
628.497
1,471,330
1,097,306
+
34.1
1,224,253
1,037,177
317,854
New Bedford
361,015
—22.0
362,725
316,353
Oregon—Portland
85,907,514
53,080,355
+
61.8
42,993,957
36,081,942
1.097,757
—
843,829
+ 30.1
982,259
778,474
Utah—Salt Lake City
28,360,212
21,415,390
+ 32.4
16,929,421
14,921,379
+ 40.8
3,892,557
4.5
5,447,003
Springfield—
3,867,357
"
2,627,865
5,434,033
15,900,900
561,076
451,231,367
Island—Providence
6,363,457
595,153
—
17,523,240
17,383,600
Haven
2,515,762
15,903,237
Worcester
Connecticut—Hartford
376,663,907
New Hampshire—Manchester
Total
(12 cities)
+
3,793,064
2,713,203
2,123,740
9.2
16,232,400
17,978,099
+ 17.1
5,280.453
4,771,237
+
9.3
16,592,900
9.479.400
+
6.1
780,703
708,544
+ 19.8
333,354,714
282,749,960
—
10,532,930
+ 293.0
9,623,965
1,377,908
+ 40.8
1,418,416
41,600,000
50,900,000
1,028.100
1,087.798
1,256,430
1,207,543
5,205,698,819
3,886,340,444
:
New York
Rochester.—
9,936,092
—
+
7.4
3,590,164
3,320,291
+
25.0
158,280,000
3,050,444
Santa Barbara
3,554,171
1,542,461
178,160,000
3.290,736
1,680,645
8.2
1,481,496
1,408,612
Stockton—
3i759,037
3,023,429
+ 24.3
2,507,709
2,258,081
San Jose
Total
(10 cities)
Total
•
9,908,926
+ 25.9
5.5
706,198
4.0
878,531
3,815,183,558
3,545,859,287
+
+
0.3
554,116
——.
——
Northern New Jersey
8,819,153
8,506,797
Canada—
+33.2
307,870,962
264,856,555
+29.7
7,004,549,131
6,210.093,908
3,780,473,941
+25.4
3,189,365,573
2,664,234,621
1943
1.6
5,997,293
5,637,712
4,978,442
4,717,116
+
30,749,155
+ 16.5
—34.3
569,975
589,765
7.ti
26,464,211
24,073,916
28,795,655
Halifax
4,031,048,666
+34.0
3,945,032,637
'
Pennsylvania—Altoona
Bethlehem..
461,936
;
668,794
...
.
Chester
Ottawa-
.
54,789,417
145,309,104
5.0
19,308,026
57,210,220
4.6
4,900,309
—13.8
40,720,621
4.906,010-
3,739,221
—10.6
3,937,061
3,392,937
7,020,385
-
106,399,019
3.3
+
4,224,424
.
107,470,799
+
22,396,407
54,558,199
—
—13.7
49,412,507
6,941,233
1.1
7,924,399
6,547,296
0.5
7,146,352
5,561,544
+ 10.5
2,423,626
—
+
1,743,052
744,000,000
588,000,000
+ 57.4
+
570,442
524,922
563,782
39.3
556,945
417,041
3.1
1,416,441
——
—
422,000,000
.il.
—
Scranton
L
.
—
;
—
York
Jersey—Trenton..
(10 cities).
—
1,954,286
1,664,942
+ 17.4
1,552,948
512,000,000
2,226,404
3,085.857
2,385,953
+ 29.3
2,396.042
2,448,102
2,216,159
1,621,768
+ 36.6
1,569,615
1,782,919
1,878,845
+ 31.3
2.475,334
1,544,271
7,967,700
...
Wilkes-Barre
Total
602,229
1,688,824
603,653
7,694,700
+
3.5
3,737,700
3,444,300
527,643,563
436,024,011
765,349,328
606,484,108
—
+ 26.5
1,836,713
Calgary
6,745,030
6,776,921
2,572,112
2,327,642
1,788,475
1,807,765
London———.
1.2
2,466,998
Philadelphia
Reading—
New
424,926
838,774
...
Lancaster
—
2,555,550
2,478,156
+
Edmonton——————
7,873,892
5,990,695
Regina—
4,928,413
3,882,160
489,783
414,668
701,060
655,540
1,646,211
1,425,716
Brandon
;
.
Lethbridge—
Saskatoon
——.
:
—
—
Moose Jaw
723,330
545,340
1,029,489
856,010
New Westminster—
754,146
882,921
Medicme Hat
390,828
328,167
„
788,566
Sherbrooke
Ohio—Canton
Mansfield
,
.
..
Pennsylvania—Pittsburgh
Total (7 cities)
1.0
3,065,248
92,255,174
+
12.7
16,051,105
61.637,140
190,418,045
+
18.6
140,947,273
104,802,098
14,017,300
.
Columbus
Youngstown.
2,933,985
104,018,645
Cleveland.
■
2,982,256
Windsor
225,851,209
.—
Cincinnati
13.220,200
+
6.0
14,013,600
11,593,300
2,022,338
1,988,745
+
1.7
2,098,900
1,686,104
3,834,456
3.083,874
+ 24.3
4,915,931
2,710,639
286,070,283
226,506,583
+ 26.3
638,776,487
530,406,606
+ 20.4
+
2,016,628
178,888,427
:,
419,980,484
131,590,963
.
316,036,872
4,565,793
2,193,747
1.1
1,780,414 *
1,753,795
3.1
2,793,795
+ 31.4
2,747,081
5,348,466
+
27.0
6,103,963
5,599,466
+
18.1
394,562
+
6.9
631,490
469,002
+
15.5
1,610,861
1,429,719
—
4,049,172
341,655
+ 32.6
648,593
615,214
+
4.5
1,066,159
1,004,725
+
0.2
931,044
741,500
—14.6
852,414
683,020
+ 19.1
282,872
213,961
+ 11.7
662,487
586,128
94(),235
—18.5
979,085
648,516
1,408,992
—14.5
1,231,655
1,399,541
4,718,799
—
3,699,846
+ 27.5
3,532,047
2,839,527
509,091
—.—_—
Sudbury———
(32 cities)
•Estimated
.
—
614,515
406,435
+ 56.9
414,430
435,709
1,050,575
Chatham
626,181
637,721
.—
1,179,592
702,389
606,322
Kingston—
392,246
1,244,252
Moncton—
Total
17,805,582
33,154,088
>
766,270
Prince Albert
Sarnia
705,991
—
145,168,654
132,400,586
1,206,158
Kitchener
Fourth Federal Reserve District—Cleveland-
•
1,076,049
858,022
Brantford—
Fort William—
Peterborough
+26.2
$
$
114,168,772
Victoria
467,693
1940
1941
157,377,047
St. John
3,661,888,350
Third Federal Reserve District—Philadelphia-
%
—19.8
51,055,590
—
—
Quebec
28,792,895
Inc. or
Dec.
3,342,953
Vancouver—.
517,383
$
23,525,262
Winnipeg
4.9
26,429,221
1942
April 29
98,520,153
Montreal
+
339,782
Ended
126,192,611
+
5,402,335,871
(12 cities)
377,565,288
7,666,814,385
$
6,240,451
28,428,928
3,071,536
4,741,007,815
Hamilton——
Total
—
3,848,368
503,054,179
Toronto
5,756,907
35,833,125
Jersey—Montclalr
+ 16.5
4,398,066
9,946,706,634
cities)
834.529
+ 33.9
—
6,038,433
Newark—.—
(111
Week
6,342,671
Syracuse
Connecticut—Stam f ord
New
+ 83.7
3,525,304
215,168,000
12,118,203
34,000,000
64,100,000
Elmira—
—
6,595,054
3,784,535
269,039,000
Pasadena
San Francisco
1.218,709
Jamestown.
Buffalo
California—Long Beach
7,000,748
1,939,GC6
Blnghamton
68,929,361
93,517,716
Yakima
Outside New York—,
41,393,885
New York—Albany—
Washington—Seattle
Grand
Second Federal Reserve District—New York-
,
Twelfth Federal Reserve District—San Francisco-
3,644,161
Lowell
Rhode
659,531
819,709
396,244,001
—
River
New
—20.3
2,472,000
1,039,816
Portland-
Massachusetts—Boston
Fall
712,365
567,463
Maine—Bangor
—
1,252,500
—16.2
1,260,760
1,130,885
413,772.021
456,774,439
9.4
404,121,994
499,267,516
+ 29.8
383,165
361,098
5.5
886,830
817,212
+ 12.2
674,282
617,894
+
—
—
1.3
672,437
638,190
.Volume
THE COMMERCIAL & FINANCIAL
Number 4175
157
Ueneral
RAILROAD
Aetna Life Insurance
Stillman
PUBLIC UTILITY
28
the
at
including but
stocks
stock of The Chesapeake & Ohio Ry. Co., or (b) until
not after July 3, 1943, into preferred and common
Alleghany Corp.—V. 157, p. 1359.
of
Ahlberg Bearing Co.—New President—
Bender.
C. J.
p.
R.
the late
C. W. Pearsall has been elected Vice-President.—V. 155,
Burkholder
O.
President
elected
been
has
succeed
to
2450.
E.
who
Operating revenues
$19,749,292
Operating expenses
9,904,714
$11,102,951
6,801,831
1940
'
$8,225,000
5,478,497
$9,844,578
$4,301,120
$2,746,503
6,639,607
1,898,050
1,073,245
Hire of equipment
648.105
Cr32,603
Crl74,165
Joint
147,743
154,007
150,265
Calendar Years—
1941
1942
.
retire
of
Comparative
W.
in
Cameron,
of
cnarge
finance.
of
manager
is now serving in
Pittsburgh
plants.—V. 157, p. 1520.
the
will
He
10
17
Apr.
24
May
coordinator
as
be
of
from
revenue
operations-.
_
—V.
succeeded
facility rents
Net
Corp.—Calls 5,000 Shares of Pre¬
will
be
1,163,407
1,180,589
$3,512,255
$2,884,209
33,797
34.106
35,646
424,295
423,840
423,840
72,170
79,183
on
Interest
on
funded debt
trust obligations-
equip,
of
income
Manhattan
the
Company,
<•
charges-
$3,042,268
$2,975,125
American
N.
Encaustic
J.,
the Titeflex
to
58,097,000
The
also
company
located at
$9 on preferred stocks
202,821
608,463
C08.463
Dividends
ordinary stock™
t
*939,600
for
the duration
Balance
3$9—$3 charged to surplus and $6 charged to income.
to
$790,465
$1,427,062
$2,839,447
Balance
General
Sheet,
that
executive
its
$40,755,680
Temporary
Special
cash
investments
4,335,639
6,004,544
deposits
and
due
Balances
from
Miscellaneous
Interest
Other
1,096,993
(Dr)
66,427
168,402
33,214
363,174
4,966
receivable
24,940
10,486
580,251
—
Unadjusted debits
308,487
715,300
——
$55,280,658 $46,207,685
p Total
Liabilities—
Ordinary
stock
Preferred
stock
Long-term
Audited
3,380,350
and
aid
of
Other
1,763
Deferred
Special
;
297,718
5,026,776
50,652
50,308
15,182,105
14,644,360
ry.
$1,389,467
$803,760
$652,822
631,142
292,102
211,160
277,788
174,359
198,588
ry.
railway™™
oper, income—
3,581,620
2,591,136
673,373
Earnings
V
2,296,809
1,783,393
1,453,694
758,928
452,116
507,251
475,519
304,671
The
corporation
announced
banking group for
a
per
May 3 consummation of an agreement
loan of approximately $19,600,000 for six
a
for contingencies
_
$1,621,379
banks
2,177,000
1,281,375
$6.49
$3.81
and
hand
of
the
U.
from
the
securities
other
funds,
pledged will
pledged
to
Provision
principal
at
the
the
at
outset
40
quarterly
shares
of
dates.
Securities
stock
common
of
Chesapeake & Ohio Ry. for each $1,000 principal amount of the notes.
The
agreement makes provision for consideration of a reduction in
interest
rate
the
on
notes
when the
principal has been reduced below
$35,000,000,
in
the
total
past
of
total
year
which
under
the
Alleghany
has
been
reduced
indenture
the
of
5s
1.944
at
changes
an
of
outstanding
accelerated
1941
to
a
was
pace
present
$22,647,000.
The other two Alleghany bond issues have
substantially reduced from an original principal amount
$25,000,000 each.
Alleghany management to date has effected an
been
over-all
bond
$85,000,000 to
made
for
debt
a
reduction
present
calling
and
of
total
$21,555,000,
of
retiring
from
an
original
total
of
$63,445,000.
With the provision now
1944 bonds,
the funded debt of
the
Alleghany
will consist of $21,661,000 in 5%
collateral trust bonds
1949, and $19,137,000 in 5% bonds of 1950.
Corporation's total holdings of Chesapeake & Ohio common, including
the shares to be pledged for the new
loan, amount to 1,929,779 shares.
Such stock has been pledged under the
company's three bond issues.
of
Sells Block of
It
was
announced
shares
85,000
of
C.
May
&
O.
$3,731,500, to Blyth & Co.,
a
4
that
stock
Inc.
the
at
company
$43.90
a
has
sold
a
block
of
or
a
total
of
share,
The latter reoffered the stock at $45
share.-
To Redeem 5%
due
at
from
Feb.
interest.
the
U.
S.
Govt,), $175,581;
vessels
(less
will
be
made
at
the
office
of
J.
P.
Morgan & Co. Incorporated. 23 Wall St., New York, N. Y.
Said bonds
may be converted (a) until and including but not after
July 2, 1943,
fixed
capital
1,413,768
declared
value
—
1,405,057
1,918,246
1,857,072
.
excess
■
•
■
1,609,679
1,210,458
1,344,426
1,741,840
$5,071,559
$5,258,842
—:
:_
1
—
243,639
1,302,564
$5,315,198
/
$6,561,406
.
:S-~,
1,814,451
3,638,718
3$221,608
_™
-
$1,108,238
to result from inclusion
Electrics
subsidiaries
Co.
in
of
each
and
its
Federal
consolidated
return——™
tax
1,677,990
3,415,599
™_——
Co.
"
Associated
Consolidated
depreciation
for
reserve
par),
156,
$4,257,000;
126,078
______
$347,686
:
G.
S.
A.
Mr.
Boyle
of
Co.
and
products
companies.
newly
Corp.
total,
Chemical
Co.,
$1,108,238
—
as
».
of
Vice-President
Chairman
Vice-President
all
advertised
of
General
and
both
of
who
American
Gross
Manager
Boyle.
Covert,
Pacific
debt-
products.
Annual
df
discount
announced
of
The
year-end
of
Gas
&
8.—V.
157,
group
was
units
or
net
There
have
$250,000
at
105
and
National
Net
from
issue
of
The
the
Payment will be made at the Continental Illinois
redemption
6% bonds,
Co.,
of June
as
series A,
30.
due
1943,
Nov.
a
1,
each
and
dollar,
and
from
from
Net
is
rayon
development
of
playing
and
new
corporation
Rayon News,
indicates
company
how
the
distributed.
spent
of
for
raw
doing
published
the
the
17
or
dividends
credit
in
the
the
in
respect
business
of
of
cents
of
Included
materials,
dollar.
each
remainder
the
latter
of
Federal
until
after
coal,
except
$91,000,000
or
40
by
operating
salaries,
670,846
week
1.94%
week
of
202,295
182,473
100,693
247,020
20,862
17,228
*44,358
1236
Point RR.—Earnings1943
from
1942
1941
1940
$462,701
$287,747
$200,817
$160,159
215,737
102,177
61,855
21,315
45,082
24,855
22,249
1,266,194
756,563
552,433
470,843!
581,188
222,088
149,279
69,197'
124,477
65,763
44,881
Stockholders
and
$2,100,000
received
remained
in
excess
the
the
ing
in
of
1942
railway
income
157,
directors
to
on
Dividend Accruals
have
declared
preferred
a
dividend of
stock,
$26.25
per
share on
the
$100, which will clear up all
The last payment, amount¬
par
this issue to June 30, 1943.
$11.25 per
directors
of
*2,063
1236.
p.
was made
voted to call
share,
also
all of the outstanding
dividends
*5,161
Stock—To Redeem Class A Stock—.-<*?
cumulative
The
taxes
on
for
March
15,
redemption
1941.
on
July
1,
1943,
class A stock, at $60 per share, plus accumulated
$20.80 per
share.—V.
157,
p.
987.
$4,700,000
the
Baldwin
busi¬
however, is $1,156,000 post-war
profits tax, not available for use
cessation
company
railway
Preferred
The
supplies,
wages,
railway
oper.
arrearages
figure,
William
amounted
H.
Locomotive
Harman
has
Works—Resignation—
resigned
as
Vice-President
to become President of William Sellers &
as a director.—V.
157, p. 1360.
pany
hostilities.
American Water Works & Electric Co.,
of
*8,175
914,302
Co.
of
„
this
•
com¬
He will, however,
continue
••
;*V'V )■
<■}:
Baltimore & Ohio RR.—Asks Bid On Loan—
Company on May 4 asked for bids on a
;<v'>
% <
proposed issue of $3,500,000
equipment trust certificates, series M, due in 20 equal semi-annual
of $175,000 each on Nov. 1, 1943, and on each May 1 and
Nov.
1 thereafter, including May 1, 1953, with dividends at rate of
3% annually.
This issue, which will be dated May 1, 1943, is part of a proposed
issue not to exceed $10,760,000. provided all the equipment now contem¬
of
instalments
Output of electric
the
12,782
1,069,070
railway
from
ry.
6%
total
of
1418.
for
13,792
1,191,119
Axton-Fisher Tobacco Co.—To Pay
out
cents
to 207,700,000
pounds, the greatest quantity in its history.
The total consumption
of rayon in the United States for the year was 620,600,000 pounds.
This amount, in relation to the pre-war consumption of other textile
fibers, slightly exceeds wool and is surpassed only by cotton.—V. 157,
rayon
90,199
railway
Deficit.—V.
on
current
newspaper.
company's
$36,000,000,
business
in
in
improved
the annual
Salaries, wages and other compensation to employees
$32,500,000, or 36 cents of each dollar, while taxes took $15,-
700,000,
in
this
of
costs
ness.
44,078;
72,363
|
1,894,125
railway
from
Gross
dividends.
took
in
that
part
the
and
was
was
other
all
78,384
ry. oper. income
From Jan. 1—
trustee,
important
also
1942
1940
$317,484
Net
effort
Crown
for
%
1941
March-
Net
empoyees
report
income
& Coast RR.- -Earnings-
291,810
ry. oper. income
3Deficit.—V. 157, p.
total
Trust
increasingly
to
&
$318,478
Net
1964,
for
trust
products through intensified research are stressed in
report
Gas
an
1942
railway.:
from
Net
Net
war
of
is
$424,914
ry. oper. income—
From Jan. 1—•
Gross
American Viscose Corp.—Distribution of Income—
The
the
for
increase of
113,453,137 units a
This
$698,505
railway—
Net
231 South La Salle St., Chicago,
111., or at The Chase National Bank of the City of New York, 11 Broad
St., New York, N. Y.—V. 157, p. 1645.
'
rayon
report
Associated
1943
from
Gross
called
interest.
&
Output—
Corp.
the
of
1235.
p.
collateral
Bank
Electric
&
output
1645.
March—
Government, would be held at Middletown, Ohio, on
been
of
Gas
electric
127,470,649 units (kwh.).
12.4%
above production
Atlanta & West
of
$295,970
Electric Co.—Weekly
Associated
30,
ago.—V. 157, p.
Gross
Hook, President, announced that the annual stockholders'
which had been postponed pending final renegotiation of
contracts with the
of
April
Atlanta Birmingham
Charles R.
meeting,
24,065
<
231,103
15,161
;
Cents-
20
cents.
10
trustees
14,017,512
on
dividend
expense
210,004
19,642
$597,696
ended
Electric
and
cents
20
and
loss
week
Meeting Postponed—
was
dividend
8,716
interest—
on
Associated
Co.—Dividend
3,378,110
3,154,600
;
debt
$3,352,470,
$2,795,267
:
long-term
142,696
,
Products
Home
Coast
Rolling Mill
99,460
10,407
157, p. 1236.
year
American
200,247
____
interest
Net
—V.
Hartman, Division Manager of the Chicago
area,
was
Vice-President
of
Midway.
Louis G.
Feirtag,
Division
of the Cincinnati area, was named a Vice-President of
Ross
$3,794,873
L
Amortization of
elected
Midway.
Manager
of
both
Boyle
Midway, was elected a Vice-President of Boyle—V. 157, p. 1645.
July
taxes
income
on
1941
$3,021,552
215,878
J,
a
for Calendar Years
fr
1942
Manager
was
and
Boyle
resulting from refinancing 1
$1,148,198 unamortized
refinancing and by other*
by
in
expenses
income
Interest
in
off
(company only)
taxes
Other
offset
was
written
•
Taxes assumed
been
however,
expense
income
Federal
of
subsidiaries
two
.
$6,255, leaving a net credit of $126,078.
General
an¬
field.
is
of
April 27
President
on
and
Earnings
Total
Pres.—
Subs.
corporation,
Schraffenberger
Midway
post
also
charge
in
Corp.—New
this
This,
discount
debits of
$25,041,265.—V.
He succeeds Walter F. Silbersack,
created
Silbersack
of
Strieder
Schraffenberger had
the
Mr.
$7,229,501;
Products
Chairman
election
household
to
Home
Brush,
the
nounced
the
surplus,
subsidiary.
debt
Other
American
The
earned
income_
net
"■Before crediting tax savings of $1,274,277
by
2003.
p.
Bonds Due 1944—
Payment
and
of
2,128,630
2,284,308
resale™—-
savings estimated
of
liabilities—Accounts payable, $1,435,237; accrued wages and taxes,
$159,781; Federal income and excess profits taxes (estimated), $4,490,314; reserve for contingencies, $700,000; reserve for insurance, $1,150,000; reserve for vessel replacements, $5,619,433; capital stock ($10
outstanding 15-year collateral trust convertible 5% bonds
1, 1944, have been called for redemption as of July 3, 1943,
and
for
;
Balance
Tax
of $8,435,673), $581,471; short plant (less reserve for depreciation of
$338,547), $89,265;
inventory of steamer equipment, $117,536; unex¬
pired insurance and other deferred items, $558,449; total, $25,041,265.
of the
102
purchased
gas
retirement
income
domestic
p.
All
1941
1942
$20,492,601 $20,481,013
6,911,790
6,817,940
__
.
income
income
Sales
85,000 Shares of C. & O. Stock—
Subsidiaries)
Domestic
Deductions from income:
(less reserve of $2,249,997), $1; investments in stocks of other
$712,300; assets allocated to insurance fund, $1,150,000;
replacement fund assets, $5,914,000; cost (less depreciation of
vessels lost or requisitioned as to title, for which compensation is due.
some
likewise
of
a
of
the
in
preferred stock."
provision of an indenture
Co.—Earnings—
_
taxes
ceivable
country's
amount
and
income
Gross
*
original
acquired
shares
the
the
of
vessel
Alleghany Corp. retains, under terms of the loan, all voting rights
with respect to the pledged
Chesapeake & Ohio common stock and other
The
with
under the
issued
Operating income
$10,000,000.
collateral.
which
$35,000,000
to be
profits taxes
Other
American Utilities Service Co.—Bonds Called—
quarterly to June 1, 1949, and income
be used to pay such interest and, with
apply the proceeds of the debentures
with other funds in its treasury, to
of 7% guaranteed cumulative pre¬
expenses
for
Federal
due
will
reduce
include
is
company's
outstanding.
company,
retire
are
revenues
companies,
,
notes
the
will
debentures
Operating
Operating
Electricity
and
S.
a
Co., Buffalo, 2V2%; Central National Bank of Cleveland,
2M»%; Union Bank of Commerce Co., Cleveland, 114%-; State-Planters
Bank & Trust Co., Richmond, Va.,
lV+%., and First National Bank in
Palm Beach, Palm Beach, Fla„ »/2 of 1%.
The financing was done following exploration
by Alleghany manage¬
ment of a number of alternative possibilities With various banks and
the
amount
par
Electric
obligations
Traders Trust
on
of
"a
companies
$4,254,425;
(excluding $40,072
in the loan will be the following banks taking the
indicated percentages of the total:
Guaranty Trust Co., 31%; Conti¬
nental Illinois Bank & Trust Co., Chicago, 31%; Manufacturers Trust
Co., 20%; J. P. Morgan & Co. Incorporated, 10%; Manufacturers &
Participating
Intetrest
stock
of
Associated
on
of
holders
to
Calendar Years—
May 4 that the directors have declared a
per share on the common stock, payable June 15
to holders of
record May
14.
A similar distribution was made on
March
15, last.
Payments in 1942 were as follows:
March 14 and
June 15, 25 cents each; Sept. 15, 20 cents, and Dec. 16, 20 cents, plus
investment houses.
redemption
Subsidiary
It
notice.
1
stock
its instru¬
mentalities (less amort, of premiums), $8,519,968; accounts receivable,
(less
reserve), $1,615,861; other trade accounts receivable, $162,064;
miscell. accounts receivable and claims, $667,559; inventory of supplies,
$88,184; U. S. Treasury bonds, $50,000; right to receive post-war refund
of excess profits tax (estimated), $384,600; mixed claims awards re¬
at 4%
for the purpose of paying off not later than July 6, 1943,
the outstanding $22,647,000 5% collateral trust bonds due Feb.
1, 1944.
The 1944 bonds are callable at 1021/2 and accrued interest on 60
days'
in
offered
$2,817,947
share
common
such
(Including
473,562
—
fund),
Ralph
Alleghany Corp.—Negotiates $19,600,000 Bank Loan—
with
share .of
allocated to
157, p. 1235.
years
4,764,000
$35,000,000
1978.
Cr384,600
year
Issets—Cash
insurance
elected
:
profits tax.
profits tax
excess
of
be
to
are
statement with the SEC
35-year 7% cumulative
registration
a
1,
company said it intends to
taken in the exchange offer,
Other
profit for
Dividends paid
of both
5,445,005
refund of
reserve
Net
164,352
income—
1—
railway
from
Net
1940
992,371
Jan.
Net
1941
1942
$1,957,854
from
573,399
6,074,000
427,220
income and excess
Appropriation to
290,681
12,411
depreciation
for Federal
Alvin
railway
oper.
From
for
Provision
Prov.
$6,440,410 $10,229,589
-
—
Estimated post-war
Date
to
railway—
from
Net
Year
1943
from
Net
and
_
Other charges
$55,280,658 $46,207,685
March
For
March-
—V.
42,210
for additions to property
Earnings
Gross
67
1,368,627
275,075
5,861,009
;_
Total
Gross
54
82,082
________
-
loss
and
53,856
6,542,254
_.
credits
approp.
Profit
—
liabilities
liabilities
Unadjusted
73,387
77,516
■
liability
current
1,948
94,291
i
accrued™
rents
tax
405,405
payable——
unpaids—
Unmatured Interest accrued—
Accrued
453,537"
construction—
payable—.:
wages
accounts
matured
Unmatured
256,136
498,382
-
in
matured unpaid
Dividends
12,323,000
256,136
580,990
U
accounts
Interest
3,380,350
14,568,000
___
grants
Miscellaneous
$7,830,000
$7,830,000
debt
Governmental
credits
April
Associated Electric
1941
$5,665,926 $10,035,953
774,484
193,636
profit
Total
72,052
assets
assets
Years
Calendar
641.691
15,563
receivable™
dividends
current
23,017
742,298
364,675
agents and conductors
supplies—
and
Deferred
balances
accounts
and
Material
2,715,007
:
service
car
each
Maintenance
$40,213,344
2,232,193
Traffic
for
Account
Income
$17,256,371 $29,311,058
(excluding depreciation!—
11,590,445
19,275,105
expenses
With
Issue
$35,000,000
agreement to be dated April 1, 1943, between Armour and the First
National
Bank, Chicago, as trustee.
Debentures not taken in the
exchange offer will be underwritten by a group of underwriters headed
by Kuhn, Loeb & Co.—V. 156, p. 74.
be
now
due
debentures
new
The
war.
1941
1942
road, equipment, etc.
will
offices
filed April 29
the proposed issuance
debentures
ferred
Steamship Co.—Annual Report—
Consolidated
revenue
Operating
Other
31
Dec.
Assets—
in
the
of
1942
Operating
Operating
t$9- -charged
surplus.
Investments
Comparative
(Del.)- -Files
company
exchange offer
Ave., New York, N. Y.—V. 156, p. 1856.
*939,600
on
Plant—
Co., Inc.—Leases
House Co.
announces
Park
101
Co.
&
39,367,000
„
The
not
Tiling
Metal
40,938,000
39.179,000
53,608,000
54,840,000
guaranteed cumulative preferred stock ($100 par)
exchange for the preferred stock at the rate of $100 of debentures
for
that it has leased its plant at Perth Amboy,
company announces
$2,338,528
Dividends of
over
Payment
Wall St.,
40
2362.
p.
American-Hawaiian
Balance of
share and accrued dividends.
per
Bank
155,
86,195
Deducts, from total gross incomesInterest
the
50,887,000
51,473,000
51,054,000
72,242,000
523,581 shares of 7%
in
the
1,187,052
$3,572,531
income
gross
at
41,992,000
71,708,000
covering
$1,697,157
$2,331,666
The
Total
share, at $1.10
made
York, N. Y.—V.
51,321,000
72,277,000
income
corporation on May 1, 1943, called for redemption as of July 1,
total of 5,000 shares of its outstanding 7% preferred stock,
par $100 per
1939
53,968,000
70,456,000
78,849,000
_
Armour
a
New
$2,409,124
railway operating income..
Non-operating income
The
78,345,000
SEC—
ferred Stock For Redemption—
1943,
1940
77,985,000
The
Net
Taxes
...
>' 1941
73,098,000
157, p. 1645.
The
American Bemberg
for the last,
output of electric energy
1942
1
Boston office,
construction of
company's
of weekly
years follows:
Wk End.—
1943
Apr.
Treasurer and Senior "Vice-President in charge of
from active service on Sept. 15, but will continue
table
five
America—Retirement—
Vice-President
Gordon
new
Statement—
Southern RR.—Income
Great
will
Senior
as
Co.
Withers,
finance,
by
Alabama
MISCELLANEOUS
-
Apr.
Aluminum
Fred
INSURANCE
-
common
and
April
INDUSTRIAL
-
into
Co.—Obituary—
Vice-President,
Westbrook,
1737.
Corporation and Investment Mews
-
died on
Memorial Hospital, New York City.—V. 157, p. 985.
F.
CHRONICLE
ended
over
1942,
the
energy
May 1,
output
Inc.—Output—
of the electric properties of this company
totaled 73,098,000 kwh., an increase
71,707,800 kwh. for the corresponding
1943,
of
plated
May
can
Bids must be received on or before noon on
1645.
be obtained.
14.—V.
157,
p.
THE COMMERCIAL & FINANCIAL CHRONICLE
1738
Battle Creek Gas
interest
1942
1941
operating
$734,884
$734,884
2.97,736
39,800
38,334
71,565
58,809
40,595
45,050
55,000
5,000
23,500
_*——
——
Maintenance
Provision
for
depreciation
and misc. Federal
local
State,
...
Federal
income
federal
excess
taxes—..:—
taxes
profits
taxes
the
$617,665
384,497
revenues
Operation
of
bers
Co.—Earnings-
calendar Years-
—
R.
solicit
to
Bernhard
deposit of their bonds.
Benson
National
68.763
Y.,
promote and
will
which
secure
fairly
P.
fully
the
protect
Holders
information
desiring to deposit their bonds
urged to communicate with Tracy
are
63 Wall St., New York, N. Y.
Frank & Gonnet
Tyler & Reynolds of Boston are counsel.
The Public
and
Bank
&
Co.
of
New
157,
Trust
is depositary.—V.
p.
Boston Consolidated
Broad
37
St.,
Month of—
(Cu. Ft.)—
'/■ Inc.
1942
1943
income
Net
1
Balance
and
series
loans
and
advances
banks
C,
1.4
1,526,970,000
1,357,694,000
1,358,747,000
1,195,351,000
April
$244,567;
$20,000; accounts receivable (less reserve for un¬
of $17,3271,
$91,849; interest receivable,
$582;
cost,
at
accounts
collectible
6.6
1,422,110.000
The
$4,066,743.
total,
$50,766;
V.
151,
(no
par,
2671.
p.
or
21,314
27,263
38,375
37,042
§$484,455
$509,798
$444,036
11.572
11,664
855
1,553
""390,902
notes pay, (net)
tax. on income
for
5192,452
§5158,902
104,171
$325,083
profit
Divs.
on
7%
shs.
060
-After
.
Stock
sh.
per
these
porate
$0.83
§$0.71
§$0.71
$0.99
provisions
for
controlled company
§Revised fig¬
profits tax.
excess
Commonwealth
$17,691,
of
tax
depreciation and
expenses,
of $5,250 from
((Including Federal
income
net
profits
of Federal
income
$150,450,
and
tnx
of
equity
the controlled
the
of
tnx
Notes—The
of
Federal
of
Pennsylvania
income
contingency
and
tax
and
cor¬
Inc.
Cigars,
in
(not consolidated)
31,
for
increase
surtax
in
rates
$24,800.
surtax,
Bayuk
company
quarter ended March
undistributed
amounted
is not included
157, p. 1143.
earnings
$50,622
to
and
1943,
income.—V.
Beattie Gold Mines
The
the
directors
no
in the
for
declared
have
dividend
a
May 12.
of
four
from
ry.
railway—-
share
per
payable June 30 to holders of
last
were
year
follows:
as
March
four
20,
Net
ry.
on
and
cents,
;.tjune 26, Sept. 9 and Dec. 23, three cents each.—V. 157, p. 688.
■
■
A
outer
synthetic
509e>
sole
"mileage"
more
than
more
lower
announced.
for
than
grades,
Produced
shoes,
grade
has
its
makers
leather,
been
the
on
which
A
developed
company's
claim
from
and
by
this
to
this
give
200'*
it
company,
looms
carpet
will
100
new
is
war
83,936
45,321
■
$92,319
8,272
"4,983
32,350
"20,408
Gross
railway
from
ry.
income
oper.
"Deficit.—V.
138,793
,
Net
ry.
1266.
157, p.
$190,487
Net
ry.
80,618
67,347
92,312
81,047
railway
from
Net
income—
oper.
1940
$120,108
1941
$168,603
79,847
1942
$183,074
1943
railway
from
106,501
53,752
92,907
Net
Net
ry.
income
1266.
oper.
157,
,.
p.
516.056
189,226
247,666
499,600
234,657
409,455
210.448
135,222
railway
from
—V.
523,143
railway
from
Gross
230,550
310,168
316,736
War
with
and
synthetic
a
have been made
manufacturers and
shoe
Production
woven
to
resin
moisture.
Board
for
the
p.
result,
a
use
157,
the company states.—V.
recent
over
as
of
cotton
1047.
Canadian National Rys.—Earnings—
1942
Net operating
income
Other
^
—
-
86,655,869
12,610,408
66,608,341
12,247,025
74,045,461
revenue
_
$
375,654,543 304,376,778
288,998,675 237,768,437
revenues
expenses
1941
$
Calendar Years—
(Philadelphia, Pa.)—Annual Report—
Consolidated
taxes,
for
$452,072
profits, before'Federal income and excess profits
year
ended Jan. 31, 1943, were $983,178 as against
the
for
the
profits
excess
net
prior
taxes
The
year.
provision
$680,300,
for
compared
Federal
income
and
with
$226,795 for the
previous year, an increease of $453,505.
Consolidated net income,
after all taxes, was $302,878, equivalent to $2.48 per share of com¬
stock
mon
stock.
after
This
was
payment of dividends
with $225,277
compares
consolidated
assets of
with
598
the
for
prior
year,
funded debt
Interest
on
Interest
on
held by public—
54,361,316
44,698,227
5,646,762
loans-
Government
:
34,949,558
14,032,635
4,016,327
—35,063,268
surplus
Cash
from
ry.
as
on
at
Jan.
31, 1943, shows current
hand and in banks of $1,459,778,
dated
June
$5,692,000
trust of
equipment trust certificates
1941, due to delay in the delivery of
unissued in
1941,
1,
of
remainder
the
being
the
have
the
until
completed
been
has
cost
retired during 1942:
$20,000,000 2rr Canadian National Ry. 4-year Dominion guaranteed
bonds due Jan. 15, 1942; $1,153,764 47* Grand Trunk Pacific Branch
Lines Co. bonds due Feb. 15, 1942; $6,424,000 V/2% Canadian Northern
Western Ry. 1st mtge. debenture stock and bonds due Feb. 16, 1942;
$4,447,000 3¥i'/o Halifax and South Western Ry. 1st mtge. guaranteed
bonds
debenture
the
were
trust,
equipment
30,
Sept.
due
there
addition
In
under
for
the
redemption
Manufacturex-s
as
of
5,
June
1943,
1.
1950,
101
at
and
Trust
Co.,
New York,
N.
Y.—V.
157,
p.
1418.
1942.
normal
The
the
directors
stock,
common
made
was
July 1, Oct. 1 and Dec.
paid
a
dividend
of
1942.
18,
cents
per
share
on
on
April 1, last, and on April l,
On the latter date the company also
year-end dividend of $1 per share.—V.
a
50
$5, payable July 1 to holders of record June 15.
par
distribution
similar
A
declared
have
157, p. 988.
annual
payments
of
this
1942
1941
1940
sales-
$720,478
$696,627
$687,559
$670,679
Operating profit
Depr. and depletion—
489,612
446,212
436,785
from
Net
ry.
13,082
11,427
11,639
income
and
ex¬
Consolidated
Balance
Sheet,
207,336
148,065
100,333
75,532
-i
$270,273
$285,065
$325,025
$340,046
Class A shs. outstdg—
94,583
94,583
94,583
"94,583
share-
$1.27
$1.34
$1.56
$1.63
oustdg.__share—
200,000
200,000
200,000
200,000
$0.75
$0.79
$0.89
$0.92
profit
Earnings
Class
B
per
shs.
Earnings
per
Note—Net profit
profits
V.
subject
988.
to
for
quarter ended March 31, 1943 includes foreign
exchange restrictions in the amount of $23,911.—
Sinking
funds
—
of mtged. prop, sold
Borg-Warner Corp.—New
April
23
Director—
reelected
all
directors,
George A. Ball of Muncie, Ind., to fill the
board caused by the recent death of Frank C. Ball,
Mr.
Ball
Special
Of
1941
9,969
$89,694
"21,963
"81,632
"52,499
"19,486
"49,155
311,931
325,331
334,256
300,012
"66,188
5,702
"38,616
"221,243
"160,532
"79,388
"119,439
1266.
p.
at
normal
a
the
M.
April
workers'
basis
plant
corporation's
on
The
for
26,
with
return
the
first
at
all
600
the
put
time
in
Newark, N. J., ended offi¬
day-shift workers back at
plant's productioxx back
war
weeks.
two
The striking United Mine Workers 011 April 24 voted to return after
receiving President Roosevelt's order to go back to work or "your
government will take steps to protect the interests of a nation at war."
The President had set noon, April 26, as the deadline.
The
by
strike
Textile
with
the
Boaxd
tions
initiated
was
Workers
the
as
by U.
Union
of
M.
W.
America,
and has been
company
12,666 and
Local
C.I.O.,
certified
by
had
which
fought
was
contract
a
the National Labor Rela¬
bargaining agent of the plant,—V. 157,
1420.
p.
Corp.—Deal Allowed—
The Securities and Exchange Commission has issued an
order ex¬
empting from the provisions of section 17 (A) ot the Investment Com¬
pany Act of 1.840 a proposed purchase by Celotex Corp. from Phoenix
Securities Corp. of 93,100 shares
of common stock of South Coast
for
Corp.
one-half
$325,850,
in
less
year
cash
There
of
been
of
Colony
at
and
ol
the
The
purchase
purchase,
157,
price
is payable
the other half
and
one
1420.
p.
Trust
redemption
as
of
June
trustee,
Milk
45
St.,
total
4,
1943.
bonds,
mortgage 3,/s%
interest.
Payment
and
Co.,
•
for
general
105 V4
1646.
p.
share.
a
date
called
first
1966.
1.
$3.50
the
thereafter.—V.
Maine Power Co.—To Redeem Bonds-
have
$450,000
Aug.
or
on
day
a
series
H,
made
at
will
be
Boston,
a
due
the
Mass.—V.
157,
"
,
Central
RR.
of New
March—
Gross
Net
from
Net
ry.
railway.—
income—
from
Net
ry.
1941
$3,479,705
$2,898,914
1.331,333
882,897
693,819
762,143
575,845
15,305,170
4.082,478
12,165,161
9,778,038
8.841,135
3,106,789
2,366,995
income-..
1,513,439
1,076,453
533,306
2,208,719
407,346
206,295
.
.,
1266.
p.
Central States Edison, Inc.
(& Subs.)—Annual Report
Years End. Dec. 31—
1942
revenue
,
1941
$317,239
$298,287
180,978
operating
Operation
174,327
_—
Maintenance
Prov.
for
71,409
.
1—
oper.
—V. 157,
Gross
1940
$4,425,223
railway—
railway
Jan.
from
Net
1942
$5,622,843
1,706.314
railway
oper.
From
Gross
Jersey—Earnings—
1943
from
16,782
deprec., retire,
and
depletion.
"
17,351
33,386
income
profits
and
22,874
7.908
surtaxes
tax
33,347
21,402
—_
2,698
"4,500
Net
operating
1,251
$52,282
Non-operating
income
$46,439
37,652,263
776,670
13,962,023
7,808,224
8,066,948
75,000
100,000
conduc.
18,114,935
11,336,108
19,894,312
13,948,572
48,456,428
42,588,116
receivable
Bills
bal.
from
receiv.
Material
agents and
and
supplies—ledger
current
balances—
184,477
17,164,357
13,207,533
—
——-
2,529,498
17,436,847
assets—
141,649
10,709,440
—
assets
263,390
686,828
receivable-.
dividends
and
receivable
Deferred
receivable---
accounts
Miscellaneous
—
—
debits
Unadjusted
_
14,169,304
$2,164,244,967 $2,112,152,958
Total
'
in
vacancy
addition
on
4,564,600
809,216,074
Cap. stks. of sub. cos. held by public
Dominion
of
—
__
Canada
519,628,441
—_—
balances—credit-
iixcome
4,298
19,119
$56,580
$65,559
.....
payable——
Miscellaneous
accounts payable—
Interest
matured
unpaid
12,083,237
4,338,901
6,656,933
car-service
and
Audited
and
accounts
wages
______
Interest
Unmatured
rents
Unmatured
current
Dominion
accrued——~——-
81,994,329
694,728,014
45,720,924
663,176,363
$2,164,244,967
$2,112,152,9*58
—
credits and reserves———
Canada—Proprietor's Equity
of
the
Total
Vice-President of Bali Brothers Co. of Muncie,
brother of the late Frank C. Ball.-—V. 157, p. 1419.
—V.
—
157,
p.
—
380,441
1,924,863
2,526,351
8,678,572
liabilities
liabilities
»
2,516,299
3,470,454
7,805,19 1
liability—
tax
.3,960,220
12,948,959
4,060,914.
8,479,530
9,219,054
7,018,836
403,347,
accrued———
—
—
1266.
Canadian Car & Foundry Co., Ltd.—Plan Approved—
Boston Terminal Co.—Protective Committee Formed—
Holders of first mortgage 3 V2 % and 4 %
gold bonds
fied
that
a
protective committee has been formed
are
to
being noti¬
act
in
the
The
common
stockholders
at
a
special
meeting
held
last
week
plan to eliminate dividend arrears on the preferred stock
amounting to $9.55 a share.
approved
a
income
:
Interest1 deductions
19,986
Net
iixcome
Net
of
subsidiary
in
"Less
dividends
lectible
17,898
property,
deposits,
Bonds,
11,444
11,444
of
Balance
Sheet, Dec.
etc.,
cash
1942
miscellaneous
assets
working
funds, $32,835; U. S.
(less reserve for uncol¬
receivable,
$31,035; materials
total,
31,
$964,244;
aixd
accounts
$2,055),
prepaid accounts, $2,547;
$500.
rights,
$1,502;
$32,100;
accounts
$44,447
...
of
Consolidated
Assets—Plant,
Savings
$26,548
—
$36,594
post-war refunds
special
'd*
$36,594
1941—
income
Common
and
sold
cos.
39,010
—•
Net income of Central States Edison, Inc. and.
subs. cos. owned at Dec. 31, 1942—*—.
and
supplies,
$17,949;
$1,082,212.
Liabilities—Long-term debt of Central States Edison, Inc., $336,000;
6'* xnortgage note, installment payable in
1943, $1,000; accounts pay¬
able, $12,019; accrued interest on long-term debt,- $5,600; other accrued
interest, $512; accrued general taxes, $5,984; accrued Federal incomo
and
profits taxes,
deferred liabilities,
excess
$12,989;
miscellaneous current
liabilities;
$48,041; reserve for depreciation, retire-,
$232,815; contributions for extensions, $27,961;
capital
stock of Central States Edison, Inc.
(par $1001,
$114,438;
earned surplus, $282,662;
total, $1,082,212 —V. 157, p. 1420,
$2,191;
ments
4,564,600
1,134,394,303
21'2,117,864
8,820,309
Traffic
Gross
"
10,242,499
-
deposits
Unadjusted
and
is Executive
a
strike
jobs.
excess
1941
42,021,103
745,435
companies
—.J
Deferred
elected
Ind., and is
1941
$122,891
"20.813
"117,593
157,
normal
'—~
affiliated
in
investments
Cash
Other
on
1940
1942
$107,504
"46,913
Celanese Corp. of America—Strike Ended—
The
8,425,000
funds
Investments
Net
—i
in lieu
Deposits
Maintenance
Accrued
157, p.
Stockholders
in Vermont—Earnings-
$102,765
income-.-
Federal
$1,890,440,355 $1,872,761,878
4,226,220
4,410,973
66,145,762
67,114,632
756,856
711,496
4,667,712
4,455,082
equipment property
on
leased property—
physical property
and
Miscellaneous
Long term debt—
Net
Lines
31
Dec.
1942
Liabilities—
profits tax, etc..
cess
363,239
railway
oper.
Federal
427,217
12,003
Federal
on
409,314
1—
totaled
$10,000,000 was a payment on account of 1942.
A further pay¬
of $15,063,268,
being the balance of the 1942 surplus, will be
made before the close of the Government's fiscal year.
Other
1943
profit
545,939
483,620
railway
principal
sinking fund and serial issues, which
ment
Interest
(& Subs.)—Earnings-
Quar. End. Mar. 31—
Gross
614,368
417.487
taxes
the year $14,016,327 Government advances were repaid.
total, $4,016,327 was repaid out of the surplus earnings of
Rents
Bon Ami Co.
566,947
income
Jan.
General
During
Other
Bolin Aluminum & Brass Corp.—50-Cent Dividend—
,
121,027
1,097,378
479,325
$9,490,775.
Road
bonds, due Feb.
interest.
Payment will be made at the Union Trust Co. of Pitts¬
burgh, trustee, Pittsburgh, Pa., or, at the option of the holder thereof,
at
has been delivered and
all of the equipment
ascertained.
Ixnprovements
outstanding first mortgage
called
been
168,717
1,286,930
railway
from
Net
following securities matured and were
of $4,545,339.
Current liabilities aggregated $1,786,surplus unappropriated, $1,928,359.—V. 157, p. 438.
Blaw-Knox Co.—Bonds to be Redeemed—
of
130,014
1,375,807
railway
oper.
From
Gross
securities were issued during 1942;
2V2';
Grand Trunk Western RR. equipment
$3,692,000
Assets—
All
163,853
following
The
1941,
assets
earned
154,359
and
sheet
balance
$3,167,267, including cash
total
and
the $3 cumulative preferred
on
equivalent to
stock after payment of dividends on the $3
$1.84 per share of common
cumulative preferred stock.
The
as
1940
$356,533
206,745
.
1943
from
Central
interest
for
available
The
Blauner's
1941
$491,149
income
Celotex
final
large
this purpose,
heat
product
new
of
the
pressure
abrasion,
the
number
a
for
industry,
under
to
1942
1,345,432
Canadian Pacific
From Jan. 1—
be
of
tests
by
resin
shoe
per¬
1048.
167,374
March—
011
Cambria & Indiana RR.—Earnings—
Gross
the
Extensive
months
the
chemically
resistance
its
a
excess
1266.
their
not
increase
.and
in
treated
cotton
will continue as
is made entirely of tightly
in
157, p.
$461,710
railway
p.
cially at 7 A.
ing of priorities by
factor
manent
Bigelow-Sanford believes
whifch
must pay
of the
the company
income
1—
oper.
157,
Gross
328,652
25,047
"27,067
263,778
"4,001
"47,639
399,239
78,426
28,162
682,431
243,244
railway
from
Net
orders for substantial quantities have been placed, subject to the grant¬
product,
taxable
208,990
railway
Deficit,—V.
equipment.
•
1
$9,313,232 31/2 rr obligation for purchase of railway equipment, re¬
payable 1.943 to 1957.
Under Order-in-Council dated May 14, 1941, the
railway was authorized to enter into a hire-purchase agreement with
the Government for the purpose of acquiring railway equipment to the
value of $22,250,000.
Of this amount $9,313,232 was expended by
the Government to Dec. 31,
1942.
The hire-purchase agreement will
born
all
011
income
Jan.
from
Net
Old
Bigelow-Sanford Carpet Co., Inc.—New Development
reported,
$486,743
railway
from
—V.
From Jan. 1—
Net
..
tax
railway
oper.
From
Gross
record
"
v/:-
Payments
$172,189
55,438
income
oper.
Operating
cents
which the conxpany will feel
corporation tax
regulations.
in
year
Canadian
Dreyfus
1943
from
from
Net
1940
$102,238
"1.890
1941
above
(Quebec), Ltd.—4-Cent Dividend
value common stock,
par
Morgan & Co.
Gross
Buffalo, N. Y„
P.
of J.
$242,279
raliw-ay..
Operating
consolidated
of
statement
Main St.,
237
office
1942
March—
(computed in accordance with Revenue Act of 1942), $197,961, Federal
excess
the
1943
from
Net
98,265
profits
excess
Net
may,
March—
14,700
147,399
tlncluding dividends
""Includes
ures.
6,989
147,399
stock.-.-
consolidated.
not
$404,075
147,399
_
selling, general and administrative
amortization,
$284,278
393,-
on
com.
§$280,340
—
.
coin.
on
Earns,
trustee,
at
pref.
1st
Stock1Divs.
holder,
portion.
at their option, receive immediate payment of prin¬
and accrued interest to June 1, 1943, upon surrender
bonds at either of the paying offices.—V. 157, p. 2033.
Net
Net
first
current
March—
premium
Gross
$727,557
on
Buffalo,
in
Holders
„
the
be
of
unredeemed
the
1940
$471,423
divs.
income.—
100 %
will
regulations Dr.
equivalent of $1,88 annually per common share,—V.
refunding
and
general
Burlington-Rock Island RR.—Earnings—
1941
§$457,193
these
Net
$406,994
1942
$706,243
Total
Prov.
its
23 Wall St., New York, N. Y,
registered bonds which are being redeemed in part will
lieu of the unredeemed portion, a new registered bond
bonds of the same series of an aggregate principal amount equal to
Net
Intv
of
of
issued,
cipal.
1943
3 Mos. End. Mar. 31—
"Profit
miscell.
of
the
of
full
Canadian Pacific Lines in Maine—Earnings-
holders
(& Subs.)—Earnings—
Bayuk Cigars, Inc.
<te
option
Holders
be
-
rental,
1943
effects
Under
Incorporated,
of
1 Discount,
the
at
ox%
accounts
$882,000;
debt,
during the first quarter of 1943 were 13'* greater than in the same
last year.
Profits before taxes were proportionately higher.
the
3% '1,
The Marine Trust Co.
134,430 shares), $1,616,256; longpayable, $53,030;
dividend payable,
$6,721; customers' deposits, $23,138; accrued State and miscellaneous
Federal taxes, $4,413; accrued Federal income and excess profits taxes,
$60,770;" interest accrued, $14,969; other current liabilities, $4,609;
prem.um
on
debt, $3,701; reserves, $1,281,136; contributions in aid
of construction, $6,078; earned surplus, $109,923;
total, $4,066,743.—
stock
Liabilities—Common
term
was
Sales Reported—
Ltd.—Record
Celanese,
13.7
bonds, series C, due June 1, 1967, that it has drawn
by lot for redemption $1,500,000 principal amount of these bonds on
June 1, 1943. at 106 and accrued interest.
Bonds will be redeemed at
supplies, $176,065; prepaid insurance, taxes, etc., $7,755;
cash surrender value of life insurance policies, $9,600; deferred debits,
and
Bonds—
notifying
is
plan
period
a
corporation
mortgage
the
of
cash
immediate
At
the
annual shareholders'
meeting, held April 21, Dr. Camille
Dreyfus, President, reported that sales have continued at record levels,
12.5
1360.
p.
of Series C 3^2%
and
materials
157,
for
862.
p.
However,
Buffalo Niagara Electric Corp.—To Redeem $1,500,000
$3,253: cash in
savings notes-
and employees,
S. Treasury tax
U.
$134,330;
accounts,
Investment
stockholders
to
hand,
on
1,551,222,000
1,441,749,000
—V.
1942
Dec. 31,
Sheet,
$3,327,975;
plant,
Assets—Utility
1,653,787,000
$108,519
80,658
$109,705
80,658
—
r--—
.
Dividends
January
March
provides
York,
New
February
deductions
Income
plan
Canadian
Gas Co.—Output
articles
various
amend
to
payment of $2.55 a share
on
the preferred, an increase in
the annual dividend rate to $2.10
from $1.75 and making the $25 par stock callable at $35 per share.
It
also
provides for a preferred stock sinking fund commencing
witli
the current fiscal year and fixed at
15% of the annual net
profits remaining after all charges and preferred dividends.—V. 157,
438.
York,
motion
a
defeated.
The
plan for the reor¬
a
and
Previously
Mem¬
Frederic
(Chairmanl,
Secretary,
York
New
to
company
bondholders.
the
further
Engle,
of
$177,283
39,094
.J.,
and
are
proposes
this
of
of
obtain
or
23,049
$148,799
committee
The
Interests
$154,233
10,372
income
Gross
holders
committee
ganization
1.
$138,426
income
these
Radcliffe, Tracy R. Engle, Edward F. Swenson and Pierre R. Bretey.
N.
Other
of
Monday, May 10, 1943
and
depletion,
Charleston &
Western Carolina
March—
Gross
1943
from
railway—
Net from railway...—
Net ry.
oper.
From Jan.
Gross
income...
l—
railway....
from railway——
Net
Net ry.
—V.
oper.
157,
p.
income—
1266.
1941
$337,738
198,431
138,900
$288,566
123,857
127,938
91,010
-
1940
;
$215,409
48,596
83,415
24 477
809,340
663,936
341,166
176,237
224,306
91 707
•
•
from
Ry.—Earnings—
1942
v $414,429
1,102,123
.
926,579
482,100
354,431
284,705
219,997
•
>
'
Chesapeake & Ohio Ry.—Equipment Trusts Offered—
headed by Halsey, Stuart & Co., Inc., offered
A group
May 5, $5,200,000 1%% serial equipment trust certifi¬
cates (Equipment Trust of
1943), due $520,000 on each
May 1, 1944 to 1953, inclusive, at prices to yield 0.80%
to
2.15%, according to maturity.
Other members of
offering group are Otis & Co., Inc., L. F. Rothschild
Co., Central Republic Co., Inc., Moore, Leonard &
the
&
-Volume
157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
.
of
Lynch, Edward Lowber Stokes & Co. and F. S. Yantis
& Co., Inc.
.'
.
,
'
The
issued
be
to
certificates,
the
of
has
sold
of
:
This
paid
Corp.
Clyde
as,chief
and
Richard
officers
mechanical
Chesapeake
the
of
respectively,
railroads,
Marquette
rere
Mich.,
it
&
of the roads.
Mr. Hitch was formerly
power,
Chesapeake & Ohio Ry; Mr. Shortt,
•motive
motive
•
motive
be
in
Mr.
and
their
new
157,
".•
,
•
•
Chester
-'■■'•
:
•••'
•
Operating
revenue
operating revenues.—.,
Other
Net
18,374
income
Dividends
u
Assets—Utility
fund
of
$41,018
receivable,
$21,157;
total,
$13,362;
notice
in
1942,
the
February
and
forces;
the
a
of $3
a
income
production,
New
loans
and
to
be
to
reflect
does not
non-operating labor or¬
notice on the individual
wage increase of 20 cents
or
Demand was also made for a
expenses
two panels of the
oy
storage
of
the
the
14.3'%
government
agencies
industrial,
year."
previous
'
.
Joint
the
largest previous
2,940,419
1,770,275
2,849,668
2,127,935
561,498
—__
498,217
—
__
:J_1'
1
;
of
of
and
way
165,289,325
117,521,355
Traffic
Freight
15,290,590,763
-
$131,770,823
94,874,259
16,959,394
19,816,531
74,134,765
,
year
tax
Railway
Hire
of
Joint
Net
"1920)
130,306,484
(1918)
14,162,605,344
1.163
Revenue
1941
640,032,564
—
10.697,250
Fixed
1.722
1,346,972,542
(1920)
36,442,335
<19191
Total
income
Dr227,949 Drl,312,963
Dr2,279,001 Dr2,125,053
37,173,683
19,135,005
790,588
784,669
557,536
*1938
1,974
10,419,142
1,852
128,527
38,447,368
9,800,448
20.229,600
9,810,453
'
at
•
full
effect
this road
-32.994,726
(1916)
taxes, provided the volume
1942,
'ever
the
in
war
increased
volume
coining
and
grain
have
stored
vast
a
upon
is
same
eliminated
in
the
usual
did
not
reach
however,
war,
the
end of the harvest
Burlington
reservoir
livestock.
of
traffic
the
At the
increasing
in
true
in
of
territory
traffic
amounts
Increasing
off-season
than
which
has
throughout
the
demands
dips
in
its
for
pro¬
shipment.
Burlington
Because
of
because
more
constituted
di'awn
be,
the
year;
duction
was
This
will
likewise
coal
v,
there
and
of
As the products of farms
it did some others.
as
assumed
before.
been,
its
what,
1,050
it
1942,
30,
closed
build
to
and
cars
and
believed
supply
car.
1941
in
officers
its
50
be
to
for .handling
"breadbasket"
a
open-top
by
cars
cars
Work
cars.
stopped
fair
the
of
contribution
war-time
3,925'additional
open-top
was
country,
the
had
War
been
in
was
traffic,
its
All
the
1942
there
open-top
100
cars.
An
even
Improvements
Deposits
loss
and
Balance
Sheet,
3,416,774
7,002,368
$6.09
December 31
when,
Board,
the
Investments
Other
physical
order
for
342,017
219,668
income
387,655
'216,368
185,816
73.309
3,257,258
2,769,223
2,557,260
2,359,839
1,252,929
899,790
817,283
646,974
843,621
522,682
380,783
225.120
l—
incom
oper.
"Deficit.
-V.
157,
1267.
p.
Chicago & North Western Ry.—EarningsMa rch-
Gross
1943
from
Net
from
Net
ry.
Jan.
from
Net
ry.
1941
1940
$10,211,821
$7,937,493
$6,397,432
4,876,092
2,770,833
1,954,446
563,846
2,733,958
1,859,224
1,108.734
"423,654
28,275,665
22,218,452
19,684,019
12,022,212
6,079,036
4,922,463
2,038,010
6,557,157
3,243,635
2,394,681
"708,431
■
1—
from
Net
1942
$13,073,090
income.__
oper.
From
Gross
railway.
railway
railway—
36,296,538
railway
income
oper.
■'Deficit.—V.
157,
1647.
p.
Chicago Rock Island & Pacific Ry.- -Earnings—
March—
1943
Irom
Net
from
ry.
Gross
railway
1942
1941
1940
$15,410,144
$9,614,065
$7,579,641
$6,170,628
7,131,751
3,007,650
2,263,789
1,096,547
railway——
income—
4,695,365
2,167,835
1,449,363
151,433
railway—_
railway
41,856,629
18,389,136
27,120,174
20,984,095
18,473,943
3,210.386
5,775,963
3,313,233
income—
11,962,689
5,649,407
3,378,201
654,961
oper.
Jan.
1—
from
Net
from
Net
ry.
oper.
—V.
157,
1524.
p.
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
March—
1943
from
Net
from
ry.
1941
1940
$1,845,859
$1,49C,803
$1,310,293
666,849
435,763
282,938
124.973
inccme—
Jan.
1942
$2,220,639
—
oper.
From
Gross
railway—.
railway
1—
from
454,589
railway.—
54,905
"89,319
5,282,842
4,265,616
4,037,583
1,603,054
1,024,920
716,606
476,292
998,807
_.
208,017
6,312,373
railway—
336,598
42,321
"212,699
income—
oper.
"Deficit.—-V.
157, p.
1267.
Chicago & Western Indiana RR.- -Annual Report—
Years Ended Dec. 31—
Other
Total
Net
operating
loss
107,316
$149,017
$136,330
212,819
revenues
204,983
expenses
from
rents
6,951
114.0G3
!
operating
1941
$22,062
10,179
__
—
—
revenues'
Total
Net
1942
$24,774
revenue
Express revenue
operations.
$63,802
$68,653
2,239,016
:___
2,196,824
Railway tax accruals
999,437
income
883,976
$1,175,777
$1,244,194
2,094,609
2,105,694
$3,270,386
income
Total
available
Income
Fixed
for
from
fixed
Net
inc.
60,855
$3,209,530
bills
and
Balance Sheet,
General
Dec.
Miscellaneous
Material
Interest
Rents
and
1942
current
Deferred
receivable
Materials
1.668,465
4,360,959
12,012,537
45,856
11,469
22,436
183,867
614,877
9,704,436
6,075,543
Liabilities—
Common
Audited
aid
of
Other
tax
and
wages
payable
—______ —
accrued—:
liability
———_
.——
liabilities
liabilities
Unadjusted
217,401,000 236,249,000
8,152,560
7,651,887
payable——-—.
unpaid
interest
current
Deferred
—_
—
accounts
matured
Unmatured
Accrued
construction
—
accounts
Miscellaneous
—
—
__
debt
Profit
retired
through
income
and surp.
fund reserves—
and
588,611
853,001
2,320,612
21,773,405
260,367
973,535
2,368,653
8,169,533
1,142,038
536,830
15,695,606
14,005,591
89,669,500
—.
loss
95,081,303
937,678
44,044,177
600
44,044,177
600
155,805,574
credits
Additions to property through income and surp.
Funded
170,839,100
1,463,374
1,231,858
170,839,100
debt
______—
—
1
—
•'
3,075
41,534
debits
77,398
2,216,674
_—
2,252,867
$91,635,141 $91,431,481
Liabilities—
stock
Grants
in
138,346,987
919,565
$5,000,000
of
aid
Long-term
debt
and
bills
Loans
Audited
Interest
matured
Unmatured
Other
and
accounts
tax
7-34,408,627 716,957,195
_____
—
accrued-—__—
—
152, p.
In
April
338,569
3,333
1,419,007
910
—_____
2,913
345.346
359;385
1,392,047
1,370,697
______2,334,639
________
2,174,958
$91,635,141 $91,431,481
1909.
Co.—Again Urges Exchange of Debentures—
The company announced May 5
who
—
—
Childs
1,024,759
1,473,538
—
—
8,010
9,952
liabilities.
surplus
Total
3,000
297,766
338,569
liabilities—.
Corpoiate
who
—
payable
payable.
accrued
Unadjusted credits
which
261,928
79,167,156
liability
current
Deferred
-V.
261.928
79,192,329
3,000
22.9,597
26,797
1,026,489
—
unpaid—
interest
rents
wages
$5,000,000
,
payable.—-
accounts
Miscellaneous
construction
—
discriminates
between
it will not offer any plan of exchange
former
holders
of
its
debentures
of
1943
have already
exchanged them for its debentures of 1957 and those
have not yet done so.
a
statement made by E. C. Field, President, on behalf of the
board of.directors,
Total
367,869
3,100
assets
Common
Accrued
stock
receivable
receivable
819
434,091
393,602
300
81,709
285,085
.__
1,866
supplies
dividends
and
13,827
13,523
446,144
agents and conduc.
receivable
3,864
122,561
3,025,016
Interest
Rents
-
1,750,985
240
balances, Dr
accounts
and
Deferred
755,583
assets
car-service
Unmatured
Interest
than cars is the .supply of locomotives
rising traffic.
Burlington has had on order since early
-1942, fifteen Diesel road engines and fifteen Diesel switchers, but none
and
■
1,556,814
receivable—
balance receivable from
Miscellaneous
Unadjusted
734,408,627 716,957,195
1,828
uncompleted 875 closd cars and 650
300 refrigerator cars was reduced to
Traffic
9,965,124
23,662
Total
April
on
bills
735,692
250.000
deposits
and
4,407,033
*
—
assets
on
was
Loans
Net
1941
$85,938,598 $85,744,618
Temporary cash investments-.--
4,141,685
13,344,259
supplies—
dividends
receivable
300,000
772,980
Special
8,926,735
and conductors-
receivable-—
accounts
and
$
1,949
balances—net
$363,667
300,000
31
Assets-
13,664,186
receivable—.:
2,914,033
$331,015
fixed
charges and other deduc.
Dividend appropriation of surplus
:
!___
9,707,993
receivable from agents
$3,277,701
2,878,514
;
after
$3,349,889
72,188
income
charges.—
charges
916,205
Traffic and car-service
Net bal.
1941
handle the
339,824
9,636,367
investments
deposits
Sinking
greater importance
1940
$780,731
507,897
15,087,351
——
Special
Other
companies
investments
Temporary cash
Loans
sold
property
affiliated
in
after
material
1941
$952,021
Cash
618,893,398 615.831,140
115,333
105,740
158,908
46,818
6,332,522
6,407,029
37,325,407
37,352,716
leased property
on
in lieu of mortgaged property
Miscellaneous
Long-term
cars.
Of
to
5,125,161
23,521,759
$16.77
income
profit
property
equipment
Grants in
remained
'
■
to
10,419,142
1942
and
national
fabricated, ready for erection of 172 box cars, but the work was
"frozen" by government order until October 30, 1942, when permission
'was given to complete them.
In addition, 350 open-top cars were
built and 170 closed cars are being adapted for use by the Navy.
At
of
transf.
share
per
arranged
shops-—2,875 closed
own
progressing
Production
built.
to
Burlington
hand
end
bal.
28,646,920
charges
and
.
the
fixed
Unadjusted debits
the
serves
22
principal gateways, it is a large user of box cars
and supplies a large number to its connections.
In compliance with
recommendations of the Association of American Railroads, and with
.freight
charges
—
appropriations of
Cash
increasing importance
volume of Burlington traffic grew steadily.
in
.
of
rapidly
as
mines
and
!
(1920)
1,837
Although Burlington serves many war establishments and hundreds
of large and small industries wholly or partially devoted to war work,
the
fixed
s
show that efficiency of railroad operation has increased
lower rates, and with higher wages and
traffic is large, as it was in 1942.
of
%
for
Assets—
Road
to such ah extent that freight and passengers can be carried profitably
;
income
3,641,763
—12,025,394(1929)
from
ry.
-Earnings-
1942
$971,149
Investments
'
These figures
from
General
Largest previous
year
after
Income
Earned
9.061,509
Net
1943
20,358,127
102,647
interest
_
$28,646,920
—
77,739
26,974
38,550,015
miscell.
Fixed Charges
Employe
$2,181
11,900,410
*
1941
Per
$26,192,996
—.
905,267
552,813
411,480
28,207
income
income
charges
(1921)
After
Yearly Wages
Taxes
Year
(1942
3.141
1,466,071
610.014
:
railwayrailway-.-
22,573,020
available
Income
Net Income
Average
1,743,205
860,197
$1,205,793
Jan.
39,680,633
deductions
Dividend
—
—
20,978
4,307,033
2,633.659
Miscellaneous deductions
Largest, previous
year
.225,499
4,851,627
income—
oper.
26,192,996
income
and
Income
1.671
9,141,388
248,254
5,786,726
1524.
from
Other
'
1.767
530,834,556
_—_•__
1938
ry,
From
34,473,430
11,900,410
Total income
Miscell.
(cents)
$19,100,283
Net
Gross
65,873,629
Mile
Passenger
Miles
1,080,879,996
304,056
7,197,079
'
Passenger
Passenger
Year
1942
income—
railway—
from
83,047,925
Average
Fare Per
Revenue
Net
99,415,696
investment
operating
Miscellaneous
293,758
railway
from
facility rents—net
Dividends
(1921)
$1,415,705
550,801
1—
railway-
from
ry.
accruals
rent
$1,716,700
687,380
Chicago Indianapolis & Louisville Ry.
Net
operating
ry.
1940
.
$2,036,839
1.058,585
March—
Grorss
Net
equipment—net
Miscell.
1941
$2,638,557
railway
railway operations
from
rev.
1942
1943
p.
1
Railway
.941
—
164,524
Passenger
Net
Largest previous
..
799,517
675,222
oper.
157,
1,390,991
2,621,734
Cr242,422
.837
1938
1,307,060
534,181
from
ry.
2,974,810
Total
.862
11,33.1,217,651
—
3941
Net
39,526,886
for
Transportation
(cents)
7,876,092,493
•1942
1,2.79,751
1,172,490
Jan.
3,009,618
General expenses
Ton Mile
Revenue
3,007,057
Income
1267.
from
2,093,874
2,913,685
Miscellaneous operations
Average
Revenue
25,490
3,943,623
oper.
From
Gross
46,267,051
Transportation
year:
Ton Miles
327,635
4,515,274
railway
railway
Net
21,025,235
24,106,233
structures
equipment
Rate Per
Year
159.380
4.939,261
from
Gross
Railway Operating Expenses—
trends or developments in the
territory as our annual
reports usually do,
Highlights of Burlington statistics are as follows, comparing 1942
-with 1941, with 1.938 the last full year before the impact of the war,
with
4,606,722
94,874,259
10,697,250
4,703,751
3,251,752
facility
Ma int.
417.589
-«
Chicago Great Western Uy.—Earnings-
From
3,057,829
Maint.
$1,279,696
246.09 5
7,678.178
oper.
Net
1941
$
131,770,823
19,100,283
transportation--—
Total
547,640
March—
Gross
Gross
for Calendar Years
Incidental
•
$1,664,107
403,522
;
.,
_
other
1940
$1,663,450
1,087,213
(19,189,000 bushelst, oats 19.8%
Express
trans¬
or
con¬
farms and in interior mills
was
409,702,000 bushels, art
on
year
Passenger
All
1941
$2,696,306
(80,462,000 bushels) over
—
Burlington,
in common
with other
a great volume of war
traffic, both
1942
1943
1—
157, p.
Net
In states served by
1942
portation
and
that compliance
approximately
estimated
from
Mail
agricultural,
ry.
ry.
Operating revenues—
Freight
states in part:
normal
from
Net
Net
Burlington
farmers
in
close
ever
5,672,157
2,436,383
railway—_
railway.
from
the
outstanding loans to farmers by governmental
to a total of $1,304,470,625 at the close of
the
at
44.9%
of
8,073,311
5,031,243
•
Jan.
Net
and
14.5%
estimated
elevators
5,835,99 4
the Interstate
in states served by Burlington.
year
12,402,129
11,995,746
—
from
Net
—V.
potatoes
Income Account
The
report,
invented
1.0.1%, sugar beets 12.6%.
These
together with higher prices, greatly Increased
16.7%,
oats
%•"*-< ,vy•
opened for raw materials and finished poduets.
In any study or
analysts of transportation data, due consideration should be given to
the nature, as well as the volume, of the traffic handled.
Obviously,
this
were
Farm storage of corn
(102,188,000 bushels).
At the close of the year cattle on farms had increased 4.3%
and swine
25.0%., while sheep had'decreased 1.7% compared with 1941.
profound influences o? the war on the business of
the country and the life of the people were reflected in the transpor¬
tation required.
Freight and passengers were diverted to the railways
'from water, highway, and air transport, and r.cw traffic routes were
'production.
ry.
Gross
14
it is
taxes,
increase
income
railway—
railway—
oper. income.
Net
1943,
25,
1,035,138
22,687,315
1267.
from
of
the operating brotherhoods
30% increase in basic rates of pay, with
day, to be effective March 1, 1943.
Allow¬
Jan.
1,831,577
24,808,068
served
demanding a
1942.
On
would
decreased
increased
plants and
war
Gross
Net
1942,
2,128,233
33.009.02i
from
tie vote broken by Mr. Eastman, sus¬
freight rates and passenger commutation
25,
$7,4*3.J93
23,839,903
railway..—
p.
March—
Net
a
employees
1940
1941
2,858,318
49,579,607
railway—__
oper.
157,
Sec¬
The.e cases are being neard
decline
to
Wheat
and passenger; men, munitions, and supplies for the armed
materials and equipment for the construction and operation
for the sudden shift of established industry to war
freight
of
ry.
Commerce Commission
March.
The Interstate
Interstate
the
of
Sept.
country
requests
in
increase
Chicago, Burlington & Quincy RR.—Annual Report—
Operation—Throughout 1942,
"railroads, handled satisfactorily
from
Net
—V.
Date
$8,882,570
1—
Jan.
from
$3
is
wages
Administration
Price
effective Oct. 25,
income.
tinued
and
Budd, President,
Gross
share
per
$
Ralph
•
$14,876,600
2418.
p.
Net
was
1941 and 41.8% over the ten-year (1930-19391 average.
Other
over
the previous year include corn 24.5%, soybeans 84.1';,
agencies
long-term
$585,000;
S100),
(par
paid
importance of maintain¬
of 3.942 the company had
which
increase
petitioned
demanding
1.7%,
increases
farm
debt,
$267,000; accounts payable, $15,349; matured interest, $420; customers'
deposits, $2,901; accrued Federal income and excess profits taxes,
$31,423; accrued other Federal taxes. $2,023; accrued State and local
taxes,
$10,108; interest accrued, $1,449; other current and accrued
liabilities,
$1,847;
reserves,
$199,493;
contributions in aid of con'Struction, $7,389; earned surplus, $134,475; total, $1,258,875.—V. 148,
stock
$15.33
to
to
1942
Chicago & Eastern Illinois RR.—Earnings—
company
equivalent
Railway Labor Emergency Board.
increases
$32,225; special deposit, $420; accounts
and supplies, $16,564; deferred debits,
mater.als
of
the Office of
the effect upon
these
barley
$1,258,875.
Liabilities—Common
pledge
the
close
the
At
dining car
the
of
hour,
the year
tax,
deposits in banks,
equal
were
was
dividend
the
Burlington, wheat production increased 18.0%
$1,171,240; investments, $3,364; postwar re¬
noninterest bearing, $543; cash on hand
plant,
profits
excess
demand
and
and
Agriculture—Crops were unusually good in 1942.
1942
Sheet, Dec. 31,
dividends
for
indicate
assets
increases
$15,000,000 a year,
23,400
Balance
rate
minimum increase
with
19,383
_
1942,
shop provision.
served
3,163
:
the
and other government securities,
annual
Demands—On
an-
closed
$60,401
$35,923
deductions
Not
—V.
National
Income
pledged
C,
these increases in
effective May 15, 1943.
more
243
income
cash
Agriculture
the
railroads
$54,237
net
income,
Gross
1942
pended
fares
$57,238
—
stock
times
position.
and
Estimated
December,
ing for
Net
in
the
Commerce'Commission, by
1941'
$3od,x93
300,955
$54,054
deductions
of
cash
ganizations and
$376,111
322,057
revenues
Operating
from
Commission authorized increases in freight and passenger
offset, in part, wage increases granted employees in Sept. and
retary of
to cancel
v'■
1942
12 Months Ended Dec 31—
capital
accrued
cash
1941.
In
Co.—Earnings—
& Power
County Light
'■■■
■
:.
available
Adjustments—Effective in Feb. and March,
Wage
V'Av";
:
_
the
bonds, tax notes,
to
1646.
p.
•'
Series
$8,662,000 while
estimated annual increase from rate increases amounted to $7,007,000.
superintendent
will
Williams,
Mr.
released
Year
and
1943
irom
From
strong
a
War
Dec.,
and
in Detroit.
Appointments were made effective May 1.
posts the three men will have general charge of me¬
engaged in the design and maintenance of equipment.—
chanical forces
V.
road,
Plate
income
on
Taxes
rates
power of the Pere Marquette.
Headquarters of Mr. Hitch
Richmond.
Mr. Shortt's headquarters will be in Cleveland,
Williams's
In
.
Nicjcel
power,
bonds,
Commerce
by the
superintendent
superintendent
announced
managements
in
equip¬
'
-
railway—_ $18,242,460 $11,534,281
from railway.
9,132,184
4,716,906
ry. oper. income—
4,679,332
1,421,592
Net
refunding
of
and
the company, terminated.
81st consecutive year in which the
the
Net
uncertainties
Itatc
been appointed
Ohio, Nickel Plate
have
was
which,
March-
Gross
From
of funded debt
1936. were
and
loan
charges,
extent.
request of
on
was
share
a
share.
ing
Shortt of Cleveland,
Thomas C.
Va.;
of Detroit.
maintenance
low
some
first
trust
was,
1942
dividend.
$16.77
in
Williams
J.
$800,000
bonds
year
$30,371,944
of Richmond,
Hitch
B.
and
C
a
The
Appointments—
Ohio,
to
capital stock.
1,929,779
Earnings For March
may
expenditures
bonds, together with $8,630,000 balance of the same- issue
the company, were cancelled.
Authority to issue $15,000,000
by
The
stock
of
abnormally
~
a
the
of
in
collateral
make
to
these
hold
in the Chesapeake & Ohio
share's owned by the Alleghany
and pledged under various loans.—V. 157, p. 1646.
shares
85,000
4.4%
the
Scries
to
of
block
inability
that
be made with such great utilization of the prop¬
income
net
addition,
and
$3,731,500.
constituted
resulted
noted
be
the year par amount
obligations were reduced $20,812,619.
under
Alleghany Corp. at $43.90 a share, or a total
the
should
.Financial—During
ment
85,000 shares of common stock of the company at $45 a
share.
The block of stock had been purchased earlier
from
it
distorts
turn,
Tn
May 4 Blyth & Co., Inc., announced that they had
they
;
passing,
erty
•
markets
stock
of the
close
Distributed—After
Stock
been delivered and it is uncertain when
yet
as
which normally would
are
gauge rolling stock,
total estimated cost
has
obtained.
Tn
the
under
these
be
,
is subject
to
Interstate Commerce Commission
to be secured by the following new standardnamely, 2,380 50-ton composite hopper cars, whose
is approximately $6,577,0J7.■•.''■■•;- £/%.';%, \
plan,
They
approval.
sale
and
issuance
Philadelphia
.
1739
1,
1943,
those who still hold the ^debentures which
were
again
urged
to
take
advantage of
the
were
due
exchange
& FINANCIAL CHRONICLE
THE COMMERCIAL
1740
It
offer.
$2,891,000 principal amount of the
exchanged to date,
leaving $1,599,000
have
been
sales
1943
disclosed that
was
debentures
issued
company
31,
earnings
an
1942,
and
of
13%,
feet-or
cubic
because
of
increased
v
.
war.
■
at
606,725
were
'
(Cities
•
22,730.
Gross
income
Interest
greatest
demand
13.8%
Kilowatt hour sales increased
companies.
increased
8%
and
commercial
and
with,
of the
the history
in
sales
power
Domestic
1941.
over
—u_„__
tax
per
Net
not
$13,139,636 $16,769,257
—
other
charges
-
assessable)
2,053,514
9,442,013
1,875,059
...
—
and
8,630,774
—
—.
Provision for Federal income tax
and
2.7%
by
1941
1942
Expenses
the
supply
-
Company only)
Service
Dec.
able
to
Account, Years Ended Dec. 31
Comparative Income
.
'
-
directly
served
customers
Subsidiaries—In 1942, the subsidiaries were confronted
were
sales
billion
gas
increase
an
Electric
showing net profits of
1943,
31,
16
activity due to the
natural
Total
statement for the three months
$173,310, compared with
a
net loss of $24,820 for the like 1942 period.
Sales and rental re¬
ceipts in the March quarter of 1943 amounted to $4,852,064, against
$4,055,361 in the first three months of 1942.—V. 157, p. 1421.
The
ended March
increased
industrial
still
unexchanged.
Monday, May 10, 1943
(excess profits
113,000
374,000
$2,520,802
$4,899,730
—
_
19.6%, respectively,
Pacific Ry.—Earns,
Cincinnati, New Orleans & Texas
revenues
Operating expenses
—
—-r
The
The
rev"""from
Taxes
equipment—————
facility rents--.——
Joint
Net
Total
income
operating
income
railway
Non-operating
,
165,838
,
have
caused
were
able-to
126,198
capacity and by
$6,084,245
Taxation—The
1,861,488
were
$4,222,757
were
122,670
2,242,500
,—-—
112,447
3,588,000
180,000
$1,067,309
tDividends
on
$342,309
stock.————
for additions and betterments—
common
Income appro,
transferred
Balance
to
Assets—,
Sheet,
Balance
'
———-—
-
———
—
—
7,004,744
37,299
"Temporary cash investments..
Special deposits
and
Traffic
from
due
Balances
Miscellaneous
Material
and
supplies
assets
713,975
.——
Total
...
Public
to
Preferred—5%
Equipment
cumul.
Governmental
Audited
Profit
——
1943
from
Gross
Net
from
Net
ry.
railway..—
"well
of
494,826
539,845
6,301,311
5,164,824
Net
4,476,419
2,394,699
2,153,623
1,555,449
1,248,393
1,512,102
Cities
157, p.
Service
the
compared
as
of
close
with
1942,
had
$33,388,309
at
,
cash
a
Dec,
by the company and subsidiaries in
expended
was
such
for
ment with the Reconstruction
other
Gas
and
Fuel
preferred stockholders
of 3Vz%
sinking fund
exchange
for
31,
balance
of
1942.
Act
Co.
Aug.
on
made
1942.
17.
en
agree¬
under which it may
with
Aug.
3,
to
offered
1942,
its
minority
which $21.5 4 800
1962, were offered in
recapitalization plan under
a
debentures
This
due
their
1,
Jan.
stocks
preferred
plan
became
effective
of
of
Ohio
Empire
the
Fuel
and
Gas
$102,307,000
River
to
provided
debt previously held,
held by Cities Service
Co.
of unsecured
extent
debt
in
Power,
Inc.,
borrowed $2,300,000
April
on
Oil
Operations—Net
592,000 barrels.
total
A
of
This
was
21,
this
under
made
1942,
agreement.
Crude
Pine
of
of
oil
crude
produced
totaled
1942
in
26,-
compared
Marine
going
Lines—Subsidiaries
crude
oil
affiliates
and
lines.
pine
with
During
in
own
excess
lines
these
1942
of
trans¬
enemy
The
fleet
the
has
charter
time
A
Tank
fleet owned
action.
been
was
operates
owner
December,
fixed
in
useful
1942
of
the
the
Co.
tankers
(Pa.)
vessels.
were
control
Maritime
were
of the ocean
lost through
However,
since
April,
the
in
services
1942.
under which
Commission
which
the
designated by the Government.
general agency agreement
under the terms of which a
are
was
feet
of
into
with
tankers
not
the Government for a
dential
oil
and
are
by tank
petroleum
continuing
Gas—Total
larger
sales
than
of
the
by 21
any
than
more
the
to
rate
of
East
more
12,000,000
Coast, and
than 45,000
increased
requirements for heating
gas
aggregating 196 billion
year and exceeded
preceding
billion
larger number of customers and
Increased gas
corporation
serve
to
as
a
31,
Dec.
$19,689,625;
1937,
reserve
officials.
since
Fields,
Mr.
and
1925
who
director
a
has
since
been
an
will
1927,
director, having been reelected to the board at
meeting.—V. 157, p. 1267.
York, N.
receive
trust
bids
to
absorb
will until
Y.,
the
for
sale
bonds
voting
Louis
S|t.
&
o'clock
it
of
lEWTi
noon
Ry.—
1890,
1,
to
an
Broadway,
70
May 17, 1943,
collateral
on
Division
Louis
St.
Nov.
trustee,
Co.,
first
sufficient
amount
2304.
$52,368.11, at prices not to exceed 105 and interest.—V.
156,
due
Clinchfield
Gross
RR.—Earnings—
Net
ry.
income—.
oper.
From Jan. 1—■
Gross
Net
from
from
$778,113
645,084
441,311
360,442
railway..;
570,344
%,■
■
3,381,374
1,907,804
1,557,454
Net ry. oper. income—
—V. 157, p. 1267.
power
$1,009,983
549,097
451,580
598,695
■
■
railway.—
1940
$981,982
railway—. $1,246,337
railway—716,654
from
1941
1942
1943
from
Net
whether
the
Trust
&
12
to
dated
March—
and
Chicago
Bank
Hanover
mortgage
p.
which
and its
Co.
Cincinnati,
Central
Its
any
or
securities
2,910,199
1,599,162
1,238,804
2,740,565
1,654,217
1,439,095
2,361,442
1,376,032
1,138,733
(& Subs.)—Annual Report—
Comparative Consolidated
and,
selling at high
complaints or dis¬
are
no
desire
Coca-Cola Co.
its preferred stock;
own
to
have
the
Gross profit
Selling, admin, and gen.
exps.
1941
1940
Years
1939
*
$78,205,962 $85,437,957 $64,871,775 $58,129,263
—
voting
of its subsidiaries
any
Income Account for Calendar
1942
is
purpose
accomplished
by
such
pro¬
.
21,645,920
28,341,637
25,726,945
—
Operating
profit
other
deducts,
Prov.
19,880,083
for
$57,036,321 $43,225,854 $38,249,180
$52,479,017
(net)...
1,951,571
1,937,947
1,821,102
1,875,805
27,260,000
26,250,000
12,520,000
7,343,000
$23,267,446
income
$28,908,374
taxes
H
(est.),
Section
that
11
of
Public
the
Utility Holding
Gross
Class
A
Com.
divs.
that
and
repeal
the
'
.
of
section
this
should
be
considered
by
of sales
and
operating expenses
——
and
repairs
—-_
deplet.,
deprec.
for
Prov.
Rents
and
royalties
for
Provision
and replacements
income
on
—
..
—_
admin, expenses
and
Selling, gen.
5
cubic
billion
to
feet
cubic
weather
purposes,
or
12%.
feet
or
Resi¬
11%
.
operating
Other
280,198,136 260,947,399
122,749,355 115.805,809
12,466,918
11,374,235
31,860,305
30,333,242
14,661,825
15,042,480
4,155,141
4,049,572
32,537,446 32,775,634
542,834
Other
3,574,877
6,206,463
—
income
Gross
Int.
;
on
normal
Federal
excess
10.088,545
4,173,012
623,657
91,472
2,513,938
517,797
81,930
14,283,893
...
taxes
——
profits taxes
excess
income
taxes.—
income
——
.—
——
Consolidated
Sheet,
Balance
Dec.
8,237,613
1941
$
Capital
assets
Cash
banks
in
Securities of
U. S.
Other
Merchandise
held
and
Materials
18,834,028
....
receivable
notes
for resale
supplies.
——
Net
charges
Total
-4%--—
and
Preferred
Pfd.
of
in
cos.
hands
of public
iary companies
other
and
Funded
payable to banks..
payable to others
payable
Accrued interest
on
funded
Dividends
Other
for
liabilities
Reserves
ill
Accounts
of
credit
of
'
such
dividends
received
from
Balance
Sheet,
foreign
Dec.
subsidiaries
81
1942
receivable—trade
Inventory
'
1
Investments
sidiaries
in
of
(less reserve)
1941
consolidated
affil.
Other
security
to
not
cos.
7,117,134
42,037,246
1,575,286
foreign
2,862,020
sub¬
consol.—
64,500
74,500
594,974
3,919,853
1,821,862
28,349,643
37,126,972
27,525,629
37,126,972
1,831,025
t:Property, plant and equipment
Formulae, trademark and goodwill
——
——
5,440
591,484
Other receivables and miscellaneous
—
4,987
1,635,646
>
investments—^.—.
Total
4,600,507
6,396,464
(net)..
domestic
8,172,756
26,136,646
—
advances
and
not
Securities
140,523,846 133,574,686
Liabilities—■
and
payable
capital
tClass
1,086,831,666
;
—
—
—
4,841,323
6,015.772
8,743,489
9,881,012
for
107,623
97,368
——29,223,216
28,381,703
17,942,290
15,840,370
...
stock
taxes——
contingencies and misc. qper..
A
stock
JCommon
stock
3,000,000
—
surplus
§Treasury stock
Total
—_
for
Dr316,275
depreciation of $8,923,024 In 1942 and $7,512,121
par shares,
14,000,000 no par shares^ §4,800
1600,000
no
common
of
55,239,473
Drl40,523,846 133,574,686
reserves
1941.
25,000,000
60,725,669
:
—
""Less
in
3,000,000
25,000,000
Earned
58,870,000
37,034,932
100,255,076
stock
stks.
of
_
certain
on
Income...—
—
-
——
-
313,654
4,586,064
20,451,800
6,362,120
34,811,355
4,401,211
13,532,648
7,128,049
264,987,902
28.895.002
55,555,597
27.253 681
34,342,197
875,230,602 1,086,831,666
&
owned
Southern
March—
Gross
from
Net
from
by
company.—V.
156,
p.
1860.
ry.
1943
railway
1942
$1,111,428
railway.—
oper.
Ry.—Earnings-
income
1941
$794,979
268,427
184,015 '
455,542
278,270
1940
$624,686
$495,301
188,960
93,480
95,556
*2,571
2,117,437
1,768,362
1,331,244
1,259,136
614,536
538,527
320,559
768,449
371,644
261,331
36,693
From Jan. 1—
Gross
Net
312,614
————
Colorado
Net
un-
—
—
estimated
non-interest
deposit and on call
18,895,017
Government securities, U. S. and Canadian..15,631,968
Reserve
8,244.518
Capital surplus
Earned surplus
Total
post-war
non-negotiable,
on
1,129,493
10,544,359
and
debt
;
...
in
expenses
10,123,041
1,639,201
13,350,085
charges.—
taxes
$11,710,000
estimated
an
company
taxes—including income, excess profits
10,672,486
1,416,557
15,351,446
._—...
——_——
i
Federal
includes
taxes
which
the
24,964,183
subsidiary
deposits
to
Accrued
470.510.274
...—.
payable on pfd.
companies
income
against
Accrued
26,024,940
presented
Customers'
for
charged
Assets—
Cash
shares
—
coupons
taxes and other
1941,
manufac¬
1939;
taxes
excess
Accounts
debt—_—,—... 476,681,260
Notes
Accounts
to
paid,
is refundable
in
1,956,160
79,011,583
———————
long-terrii
interest
branches
Consolidated
1.451,434
37,034,932
....
subsid.
include
1940, and $7,993 in
in
25.476.655
3,853,521
11,434,793
58,775,000
stocks———.—
preference
stock
stocks
charged
was
earnings of foreign subsidiaries consolidated herein and included
net profit shown above are $1,374,381 in 1942 and $638,275 in
21,959,017
875,230,602
—
—
—
1941
in
during the year.
Liabilities—•
Common
the
1941,
1,754,717
1,866,396
assets
deductions
profits,
19,951,118
Prepaid interest, insur., taxes and other exps.
Other
Deferred
■
6,349,444)
,
$1,172,895
bearing U. S. Government bonds payable after the war.
6,753,188
15,780,421 (
2,542,125
10,554,286
—
and
$1,679,640 in
expenses,
Notes—Provision
excess
20,523,248
9,227,255 ?
....
—
;i
products
1940
Deferred charges
3,631.248
_
accounts receivable
—
oil
68,811,043
3,169,720
receivable
accounts
$
923,483,115
hand
and Canadian Govts...____
accounts and
Refined
—
.—
694,235,881
87,333,962
—
and on
1,800,000
19,959,500
1942,
^Accts. due from affil. domestic cos. not consol.
81
1942
Assets—
1,800,000
19,959,500
in
21,523,622
16,938,532
surtaxes
profits
foreign
Canadian
Net
and
1,800,000
20,000,000
foreign subsidiaries and
$962,000
57,247,338
21,033,701
7,851,105
14,087,709
charges
funded debt of Cities Service Co.-
Federal
and
64,799,188
—
other
and
chgs.
State
—
1,800,000
depreciation of $1,881,026
$12,203 in 1942, $17,273 in
investments in and advance
off, $1,404,367 in 1942;
and
$1,139,920 in 1942, $1,436,051 in 1941, $1,392,839 in 1940 and
$733,999 in 1939 for additions to the reserve for contingencies and
miscellaneous operations.
525,552
51,040,875
_
revenue
income
Interest
in
1941, $12,243
in
Net
conditions which
Industrial and other
$1,175,339
to
61,224,311
debts
bad
1941
■:"'
$28,884,752 $29,030,375
15,981.250
for
turing and other
;
operating revenue.—
Taxes, other than taxes
divs.—_
Provision
■'.
.
Maintenance
Cost
profit
the
1942
V
Net
enforced as presently interpreted by the Commission in
will result in the destruction or impairment of security
cases,
Provision
natural
during
peak year of 1941,
and commercial sales
a
car
products
at
1
were
former
New
existence and prosecution is detrimental to
securities of Cities Service Power & Light
of its, subsidiaries.
Hearings in these pro¬
Notes
entered
number
being operated for
daily,
Natural
due to
three
Government
with
subsidiaries moved
crude
Chrysler
stockholders'
last
The
the
all
believed
if
and,
Accrued
movements
barrels
the
Oil
fee.
During
cubic
under
made
by the company
barrels
such
1942
Service
Total gasolene
16,758,000 in 1941.
1941.
with
a
Government,
the
owned
law),
Minority com. stockholders' interest in subsid¬
ships were engaged
In
Cities
during
compared
as
Car—During
by
1942 totaled 34,630,000 barrels
barrels
37,676,000
15,017,000 barrels
and
stocks
Tenders—
therein,
expressed
nor
& Light Co.
Power
no
of
Crude oil
1,632,000 barrels more than in 1941.
Refining—Crude oil processed during
produced was
Co.
question
$4,742,450.
have
holders
ported more than 116,000,000 barrels of oil.
as
the
to
Cleveland,
taxes
Light
&
those of its subsidiaries,
their
that
only
Customers'
187
Oil
miles
the
its larger subsidiaries,
seeking, among
Cities Service
whether the plant accounts
Service
the
of
management,
that
those
Merchandise
producing oil wells was drilled, of which 126 were
in Kansas,
17 in Texas, 16 in Oklahoma and the balance were in
Louisiana, Illinois, Arkansas, Michigan, Nebraska and New Mexico.
5,600
1969,
on May 2 announced the retirement of Viceeffective with the latter's 65th birthday, the
Fields,
for
age
of
continue
and four of
Co.
an
Subsidiaries
Petroleum
Crude
profits
excess
Power
...
.
agreement
with the RFC under which it may borrow up to $8,000,000 for the
purpose of building an electric power plant in Belmont County, Ohio,
near Dilles
Bottom, and a transmission line.
During 1942 the com¬
pany
the
is subordinated
the plan,
Empire Gas and Fuel Co. debentures.
new
tax
Comparative Consolidated Income Account, Years Ended Dec. 31
■
on
of
all of which,
the
to
total
a
officer
basis.
return
Cities
income
Congress.
■
Finance Corporation
$12,775,100
$40,250,000
Service
has paid off all arrears on
net
a
not
also
values,
(Del.) and Cities Service Gas Co., owned by Cities Service Co.,
exchange for an equal principal amount of unsecured indebtedness of
the
common
to
1950
&
Power
President,
E.
J.
retirement
redistributed.
and
is
other
the
During
1941.
Oil Co.
made
preference
Keller,
President
interests
Company Act is unnecessary to any of the regulatory purposes of
,
$33,-
Empire Gas and Fuel Co.
Such unsecured indebtedness so acquired
by Cities Service Co. amounted to $62,057,000 which, together with
Co.,
maturities,
various
Light,
Chrysler Corp.—Retirement of Joe Fields—
& Light Co. has made substantial progress in
has been rapidly retiring its outstanding debentures
security
to
in
but
Co.
having dividend
Sept. 28, 1942,
and has been accepted by the holders of more than 98% of the pre¬
ferred stock held by others than Cities Service Co.
During the year,
$20,333,000 of the new debentures were issued pursuant to the pro¬
visions of the plan.
As a part of the plan, Cities Service Co. trans¬
ferred to Empire Gas and Fuel Co. the debt securities of Cities Service
in
Light
of
of
Cities
Power
believed
investors
acquisi¬
A total of more than
during the
12-year
purposes
connection
in
$8,759,704.
of
arrearages
&
few exceptions,
ceedings
petroleum products.
Empire
and
surtax
tax
existing
and
earnings
Cities
determination
of Cities Service
is
It
financing the cost of a
refinery now being constructed to manufacture petroleum war products
tor sale to agencies of the Government and for the manufacture of
$40,000,000
to
up
Consolidated
ceedings have commenced and are now in progress.
period ended Dec. 31, 1942.
Cities Service Refining Corp.
borrow
utility
public
its
total, $334,-
$58,775,000 ,v
stocks,
redistributed.
the company had no notes or bank loans outstanding.'
Approximately $27,000,000 was spent on construction and
tions
1942
by
interests
had
The
power
year,
$313,000,000
of
preference
debentures
$37,034,932;
K. T.
necessary
income,
obligations;
satisfaction
1267.
Co.—Annual Report—
at
company,
463,906
(b)
-
(
and
its
individual
Power
a
years;
1942
very
It
The
10
levels.
1,258.476
^Deficit.—V.
be
of
paid
an
Service
last
in
1,662.008
income.._
,,
dispose
unamortized
.
railway
oper.
be
their securities
other
4,525,939
railway—„
from
ry.
<
>
to
Light Co. should be dissolved and
major subsidiaries should be readjusted
and
502,145
9.030,660
from
752,283
11
under Section
accounts receivable,
debenture discount
owned,- $144,259;
$128,818;
assets,
for
contingencies,
$8,185,474;
capital
surplus,
$20,710,392;
earned
surplus, $25,218,888;
total, $334,265,974.—V. 156, p. 2304; V.
157,
p.
1077.
•
taxes on petroleum
1942.
provisions of
basis
Federal
the
as
Cities
$1,531,477
615,376
1,032,568
1—
same
per
subsidiaries
and its
may
all the
the
on
things,
its
with
649,092
income
Jan.
Net
$1,778,482
$2,362,576
Co.
Power &
of
1940
1,726,018
railway.—
oper.
Prom
Gross
$3,286,323
of
taxes,
free to conduct
Services
Cities
and
1941
$46,700,000
the
for
employee.
These
company's common
on
Aug.
other
9,793,864
1942
share
per
securities
on
other
$5,888,334; other deferred charges, $36,384;
expense,
Traction Co. first
lien 5%
gold bonds due 1962, $4,278,000; indebtedness to subsidiary
companies, $10,478; accounts payable, $708,769; accrued interest on
debentures ($1,296,433) and unpresented coupons ($5,787,971), $7,084,406; accrued taxes and other charges, $415,219; provision for Federal
income
tax,
$113,000;
accrued undeclared cumulative dividends
on
29, 1942, the Commission instituted a proceeding under
Sections 11
(b) (2), 12 (c), 12 (f) and 15 (f) of the Act, involving
Earnings For March and Year to Date
March—
income
net
$1,500
$9
<l
which
be
to
as
S.
interest
$1.52,041,800;
for governmental agencies in
desires
Co.
on
On
$79,550,016 $72,760,598
—
—
direct
Light
from
have
would
the
Total
extent
may
additional
to
10,183,679
30,778,102
9,343,009
property
subsidiaries
with $28,503,102 for the pre¬
Such taxes for the year 1942
almost
to
than
more
the
&
subsidiaries
9,805
11,840,256
30,965,597
.
U.
Liabilities—Preferred
and
company
office furniture
$26,075,989;
cost,
265,974.
and 1942 the
1941
subsidiary companies, $265,-
advances to
less reserve!,• $12,180; cash in debenture pur¬
cash in banks and on hand, $33,463,906; securi¬
Govt.—at
cost
(market value $2,754,917), $2,750,000;
total
stock,
the
compared
as
,
(estimated
583,366
2,694,137
40,794
2,346
.
—
loss—balance.......
and
■
.
——
credits
to
Additions
9,110,648
48,971
—
liabilities.
liabilities
Deferred
557,639
...
„.
liability———.
current
Unadjusted
:
accrued—
accrued
rents
tax
26,010
___—_
unpaid.—
interest
Unmatured
Accrued
1,869,291
264,576
33
51,108
23,646
payable—
unpaid....—__—
matured
Unmatured
1,281,939
326,833
33
37,266
payable—
wages
accounts
matured
Dividends
Other
and
accounts
Miscellaneous
Interest
48,433
grants in aid of construction.__
During
to enable it to secure an
the Act, in order that the com¬
much larger oil, wholesale gas and
other non-utility businesses free from regulation to which competitors
in those businesses are not subject.
The disposition of these public
utility interests, however, without sacrifice of imnortant values has
been and is difficult under present unusual conditions.
The public utility subsidiaries had a very successful year.
Com¬
pulsory severance of these subsidiaries at this time from Cities Service
Co.
and break-up of the utility system
of Cities Service Power &
Light Co. would entail a reduction in income to Cities Service Power &
Light Co. and its subsidiaries of approximately $3,500,000 annually
$8,970,000
2,453,400
4,994,000
48,433
'
of
taxes
direct
1942
to
Service
the
pany
122,003
4,540,000
$100)
tpar
obligations
trust
of
and
Uility Holding Company Act—No decision has as yet been
by the SEC in the integration proceedings involving Cities
exemption
354,743
$8,970,000
2,453,400
$27)
(par
by
of facilities.
use
equivalent
were
equal
Power
Cities
Liabilities—
Common
in
completed.
$79,550,016 $72,760,598
——
requirements.
The subsidiaries
installing additional generating
power
(1) of the Act.
The hearings
in similar proceedings under the same section of
the Act involving Cities Service Co. and its subsidiaries, have been
21,674
1,417,616
„
—
debits
Unadjusted
ties
$4,270;
only)
(company
81
Dec.
and
$119,517;
preferred and
rendered
13,395
23,040
*
total
addition to
Service
1,290,063
22,297
"
and
were
In
64,329
—_
—--
in
demands
these
products were collected
649,094
1,211,813
—_-————
assets
increases
Sheet,
investments and advances,
(at
chase fund,
stock.
51,141
108,653
other
fixtures
and
than
rural
by the electric subsidiaries
supplied
an increase of $5,376,546.
than
twice
the
consolidated
more
taxes
924,925
867,011
.
receivable
dividends
current
Deferred
receivable.;
Balance
Assets—Investments in
year-end was 623,490,
-
territories
greater
$33,879,648
period
—
1,667,407
agents and conductors—^
accounts
Interest and
Other
—
balances—Dr.——
service
car
hours
kilowatt
982.9
——
—
1941.
the
at
generating capacity was increased by 20 %,
31
1942
1941
$61,275,985 $60,464,849
5,200,176
8,804,377
Dec.
t
,
..
.
Investments
Cash
and loss—„ —
profit
iGeneral
.
—
.
1
1
the
meet
$5,958,047
ceding year,
preferred stock
for
income
642,316;
,
large
$3,432,479
on
of
average
by electric properties amounted to more
including $1,400,000 for routine urban and
in
1,861,213
income———.—
available
Total
tDividends
hours
customers
used
energy
accrued
activities
War
$5,293,692
income
—Deductions from total gross income———
an
kilowatt
electric
electrical
10,255.
70,728
gross
showing
1942,
$5,222,964
—
*—
the
1942
extensions,
service
^bS'Sm
167,768
"J'™®
—
of
in
in
increase
946.8
with
number of
construction
$9,000,000
»-a—
of
Hire
customer,
total
increase
an
continued
a
compared
as
$30,697,673 $22-621,591
16,291,053 13,078,386
—
was
domestic
1941
1942
Years End. Dec. 31—
Operating
There
from
Net
*
from
ry.
railway—
railway
oper.
3,152,841
income.—
Deficit.—V.
157, p. 1647.
Columbia Gas & Electric Corp.—Directors Reelected—
The annual stockholders'
meeting
was
held
on
April 29 at the office
of the corporation in Wilmington, Del.
A substantial majority of the
outstanding shares of the company was represented in person and by
proxy.
All 12 directors were reelected,
as
follows:
Walter C, Beckjord,
Volume
Number 4175
157
THE COMMERCIAL
Murray H. Coggeshall,; Harry J. Crawford, .Gus P. Doll, Philip G.
Dossier, Thomas B. Gregory, Henry R. Hgyes( Henry Neil Mallon, John
Continental, Oil Co.
,7 Consolidated
•
<?. Pew, Thomas W. Phillips Jr.; Edward Reynolds and Prank M. Tait.Y
Arthur .Andersen & Co. were reelected as auditors for the
year 1943.
—V. 157, p. 1421.
Gross
;
i,
.
Gross
Net
from
railway..-railway—-—
from
Net
ry.
$133,509
income—
oper.
$101,967
10,651
34,294
>:
$101,986
1940
Net
Net
*
from
from
*9,303
12,618
3,151
305,145
42,404
302,871
302,540
54,598
52,634
3,604
26,663
income..—
ry.. oper;
40,707
not
cos.
Divs.
227,153,455 as compared with 197,689,807 for the corresponding
in 1942, an increase of 29,463,648 or 14.90,;>/ —V. 157,' p. 1647.
12 Months Ended Dec. 31—
revenues.
revenue
Net.
operating
income,
$183,269
Gross
1,414,157
690,253
$18,565
1,674,005
34,353,071
8,144,295
35,953,629
10,948,648
22,548,404
9,852,880
22,329,630
1,378,369
1,423.516
1,664,728
6,544,152
5,655,336
$20,375
430
7,131,053
9,229
14,141
income
income
Net inc.
$19,945
-—
$13,993
8,887
:
provision
considered
•
Balance
Assets—Utility
demand
and
for
reserve
Supplies,
plant,
investments,
banks,
$38,392;
of
accounts
debits,
deferred
$4,996),
$3,185;
cash
on
$20,695;
materials
preferred
4,682,565
4,682,568
$3.19
$3.29
.
and
.oil
State
State
oil
and
and
eral
preferred,
State
taxes,
other
accrued'
$185;
157,
interest
liability,
construction,
accrued
$600;
$8,238;
customers'
on
reserves.
earned
$190,993;
surplus,
deposits;
gasoline
$21,387,612,
total,
in
Federal
income
of first and
with
a
Co.i
are
being notified that all of these bonds (other than
purchased for the sinking fund or selected for purchase for
sinking fund on July 1, 1943, or theretofore I are being called
for redemption on July 1, 1943, at 105'> And' accrued interest.
Pur¬
ment
those
of
these
bonds
the City of New
will
be
made
the
at
Consolidated Biscuit Co.—To
All
of.
series
the
C,
June
outstanding
due
2,
June
1943,
1,
Salle
National
101 Va
at
Street,
The
and
Chicago.
company
mortgage 5Mssinking fund bonds,
have been called for redemption as of
interest.
Payment
of Chicago,
III.—V.
157,
5
May
on
announced
will
the
corresponding
bution
of
kwh.,
week oi
157,
p.
of
electricity
of
20.9'/ .1
Local
distri¬
Period End. Mar. 31—
oper.
Operating
Power
&
Co.
of
Depreciation
_
Other
<fc
25,302,945
23,073,005
1.454,593
1.150,999
4,616,640
2,538,586
9,310,937
YY
$2,291,747
$9,389,932
$8,773,581
154,023
com.
for
profits
include
No
,
provision
Due
and
157, p.
157,
elected
from
$(>,102,565
$6,693,353
$4.13
of
Materials
taxes,
including
provisions
lax
for
income
1943
possible'changes
for
taxes
profits
excess
Other
Investments
income
profits
State
Federal
taxes
taxes).
income
excess
Sheet,
Dec,
and
in
was
and
for
tax
taxes;
profits
tax. *
for
deposits
20.362,297
$267,000;
10,000
743,002
1,358,851
12,411,721
10,046,030
4,904,591
5,960,776
9,483,917
552,153
209,526
Gross from railway.;-,
524,652
171,917
Net
from
564 672
486,230
Net
ry.
1,367,773
1,248,696
and
to
controlled
cos.._
advances
current)
dividends,
etc.
etc
other
of
expenses
deb.
issue
charges
779,232
_
142,143,558
stock
($5
'_
part
155,083,597
23,692,966
8,822,772
bank
(current)—
debentures
Drilling
contracts
Due
controlled
liability
debt
called
for
,
(current)—\
payable
21,493,032
2,577,119
2,350,785
204,212
._
208,671
companies—
—.—I—_____——————
84,341
106,726
5,859,055
8,714,876
5,418,505
dividends,
etc...
:_
——
insurance
98,896
annuities
and
conting...
111,521
1,892,097
49,102,900
———
49,102.900
42,212.440
:
_
171,917
770,803
—
surplus
surplus
3,231,974
524,652
562,506
credits
interest
surplus
from
pipe
line
—
32.461,215
earnings
56,029
treasury
and
L.
A.
depletion
shares
in
at
and
1941
and
no
value,
as
to
restricted
intangible
excess
and
155,083,597
development
shares
56,030
iln
distribution
Continental Steel Corp.
3 Mos. End. Mar. 31—
Cost
of
in
1942
7%
of
use.—V.
costs.
held
in
calculated
157,
343.
p.
Co.,
————
succeed
William
George
Wood
Marks.
retains
his
S.
Sterling
post
sales, exclusive
depreciation
Pile
and
;7
.
/
1943—12 Mos —1942
$6,245,759 $22,022,425 $25,791,560
4,707,581
5,179,893
18,925,486
21.500.801
$3,096,939
$4,290,759
Admin., sell. & gen. exp.
316.513
383,777
1.309,598
1,616,526
492,323
for
Other
depreciation-
Continental Baking Co.
."•13 Weeks Ended—
Net
sales
Cost,
profits
13.847,038
$2,002,451
$1,521,575
$1,398,129
profit
income
Total
Gain
16,460.855
M.
H,
157,
Interest
Net profit
Earns, per com.
of
61,714
56,716
$1,459,843
$1,017,702
Cr2.319
+41,699
Dr3,245]
f
[
580,492!
636
652
1
457.845
.
77,025
399.99-8 J
431.740
income/ taxes.
profits
taled
$17,376
aggregated
Fed.
284,280
taxes
♦Equivalent to $0.25
shares
.
*$758,440
_
in 1943 and
of; common stock.
fLoss.—-V.
$0)20
in
1942
157,
p.
$411,035
689.
a
share
on
(Including
Wholly-Owned
1,075,429
Deprec,, depl. & Federal tax.——__
Net
profit
Earnings per
♦Includes
*9,783,880
provision
*8,564,657
$8,740,286
$2.66
$2.83
estimated
excess
3,325,096
2,276,091
1,701,512
1,940,351
2,002,173
1,674,281
1,178,435
V/y
-•
1943
profits
-Earnings—
1942
1941
1940
$2,205,485
2,646,454
1,061,454
401,000
90,924
income.__
1,514,635
799,916
176,562
*180,895
9,396,613
6,181,990
5,635,418
2,762,822
1,026,687
762,273
1,974,441
358,426
*16,925
ry.
oper.
$1,832,198
From Jan. 1—
Gross from
Net
ry.
railway..-;.
railway.
from
Net
16,040,543,/
6,811,593
income—
3,944,662
♦Deficit.—V, 157, p. 1268.
oper.
Denver &
Salt Lake
March-
from
Net
ry.
Ry.—Earnings1943
1942
1941
railway
railway.—
$273,772
$178,346
$175,174
83,905
35,664
35,746
4,925
income
94,456
59,611
58,938
29,394
832,839
606,791
569,641
681,561
from
oper.
1940
$132,306
'
From Jan. 1—•
Gross
from
Net
from
Net
ry.
railway..
railway.——-
276,405
190,624
155,460
254,422
income
312,908
255,108
219,080
307,127
oper.
157,
1268.
p.
Duluth South Shore & Atlantic
March—
Gross
Net
from
Net
ry.
Gross
1942
1941
1940
$354,145
$288,933
$211,128
$153,692
106.514
60,917
36,360
27,468
77,527
railway
30,693
17,979
11,585
railway
income
oper.
1
from
Net
ry.
a'
railway
railway-—
from
Net
Ry.—Earnings—
1943
front
9U.241.
836.123
568,615
452,147
182,223
181,055
78,006
23,693
income—
104,439
110,295
32,883
*22,710
oper.
48,193
97,330
Aug.
Citv
Bank
138.000
*378,200
434,800
*1,073,525
—V.
156,
$169,337
$887,673
$1,081,889
1
$0.50
increase
$0.68
under
$3.88
Treasury
dept.
♦Deficit.—V.
157,
1269.
p.
East Coast Public Service Co.—Bonds Called—
have
$240,000
been
of
1,
called
15-year
1948,
at
Farmers
for
first
and
100
payment
lien
Trust Co.,
of
as
collateral
interest.
June
47"
1,
1943,
bonds,
Payment
will
total
a
series
be
A,
made
of
due
at
the
trustee, 22 William St., New York, N. Y,
1862.
p.
and
1943
banks
ended
$32,324
March
in
31,
1942,
preferred
while
dividends
common
to¬
15,
1949
Ry.
oper.
revs.-.
oper.
exps
March
31,
Taxes
$3,581,116
479,264
2.062,238
295,357
150,655
899.942
399,500
$200,664
—
Other
1943
$200,000;
current
Candy
been
taxes.—V.
157,
plan
income
_—
$201,296
$618,936
$580,127
05.
It
of
is
actuarial
The
with
Co.—Establishes Two
the
establishment
pension
oi
Gross
a
i
1,385,949
3.409
3.341
11,178
10,716
$204,073
$204,637
$630,114
$590,843
29,283
32,576
88,757
99,038
$174,790
________
Int.
,
inc.^
corporate
funded
011
rents,
etc.
for
Avail,
$172,061
$541,357
$491,805
96.872
236,178
287,157
debt,
—
depr.,
tingencies.
con¬
divs.,
etc.
Depreciation
Prov.
for
78,528
contingencies-.
♦Net income
♦Before
25,000
Plans—
a
___65,000
$71,262
—
provision
retirement
for
$75,189
losses.—V.
Eastern Shore Public Service Co.
March 31—.
12 Months Ended
operating
operating
revenue
Operating
$204,648
1556.
1943
—
-!—.
1942
$3,412,274
deductions——
income
p.
(& Subs.)—Earnings
.
$3,315,262
2,669,065
__$743,208
income
Other
$240,179
•
157,
revenue—-
Total
profit-sharing retirement
employees of this company has
plan for
by Otto Schnering, President.
pensio i plan provides a method for
employees
an
of
$2,365,576
2,484^865
$830,397
706
7.468
$743,915
$837,865
made
The
of
and
1943—3 Mos.—1942
$831,215
709,057
and
cumul.
income
Ry.—Earnings-
$1,205,078
—
Operating income
Sheet,
Street
1943—Month—1942
dividends
accounts
year,
Massachusetts
Period End. Mar. 31—
Ry.
1942.
Balance
Eastern
$4.75
proposal,
liabilities of $200,000), $1,200,000; reserves,
$1,075,543;
pieferred stock ($100 par), $1,000,000; common stock (is¬
sued—200,648 no par shares), $5,279,300; initial and
capital surplus,
$1,721,598; earned surplus. $4,343,596; cost of treasury stock,
Dr$15,081;
total, $16,122.251 —V. 157, p. 991.
6,908,645
$7,581,555
for
Net
12,607
and
in
in
Announcement
1941
share—$1.77
1176.
Net
70,833
payable
(trade), $787,192; accrued liabilities.
sinking fund debentures, sinking fund retirement
10-year 3';/ sinking fund debentures due
(less sinking fund retirement due within one
year shown
one
Curliss
1942
$5,041,180
common
3,275,413
income.—
1423.
Gross
-Y_ $14,825,068 $16,146,212 $15,648,931
Profit"—_—v
371,102
6,410,925
$3,386,273
$2,252,743
10-year 3%
Subsidiaries)
1943
716,187
7,456,089
$5,907,792
$1,370,667
quarter
1943
$50,140
within
7'/
Continental Can Co., Inc.—Earnings—
12 Mos. End. Mar. 31—
p.
$771,181
*$712,140
834,106
10,160,927
railway.—from railway.
$560,145
Liabilities—Accounts
$530,103:
May
354,605
income
853,457
$2,181,910
on
hand, $1,737,705; U. S. Govt, secu¬
receivable, (less reserve for doubtful ac¬
counts and discounts,
$181,5341. $903,596; inventories, $4,085,036; other
assets, $45,209; land, $431,076;
buildings, machinery and equipment
(less
reserve
for
depreciation of $8,373,781),
$7,375,707;
intangible
assets (natents), $1; deferred
charges, $48,357; total, $16,122,251.
due
excess
the
in
$1,495,564;
under
Net
535,917
from
46,638
for
Consolidated
rities,
487.291
232,500
132,116
—
Federal
for
$960,986'
55,337
assets
Gross
13,507
share.
provision
13.842,271
$1,576,912
Depreciation ———A—
Prov,
$14,803,257
77,693
disp.
1940
$2,094,988
931,001
Denver & Rio Grande Western 11R.-
463,313
taxes
1941
$2,745,135
1,565,201
March—
$1,324,029
income
Note—During
$2,080,144
income
on
$15,245,167
1942
$3,974,173
1,396,969
11,333,549
p,
$118,159
exc.
-
$4,234,571
income--
oper.
157,
$267,346
Fed.
Assets—Cash
Operating
Other
$17,982,430
surplus,
$17,132,692.-—V.
157,
total,
been
Mar. 30, '40
19.526,553
expenses—__
ry.
11,813
income
♦Includes
Mar. 29. '41
Net
135,451
charges
.•
$21.529,004
—
and
Mar. 28. '42
from
There
(& Subs.)—Earnings—
Mar. 27, '43
(less
railway—.—
railway——
$546,638
$129,150.
7
officers
RR.—Earnings1943
oper.
122,675
—
for
$1,924,776;
Hudson
from
$255,533
oper..
income
Total
&
railway-——
11,187
from
surplus,
From Jan. 1—
$1,065,866
and
have
Subs.)—Earnings—
$5,402,302
$694,722
$4,674,682
Treasurer.—V.
as
"
■
Spatcher
.
Gross prof, from oper.
bcf. prov. for depr.
Inc.—New Directors—
and
(&
1943—3 Mos.—1942
of
of
from
property
$3,086,688),
From Jan. 1—
Gross
-V.
Frov.
Blume
Delaware
Gross
142,143,558
carried
valuations
sales
$.90,275;
of
1,914,945
491,097
—
depreciation,
(Includes
assets,
a
Net
Total
paid-in
March—
600,000
'
—
Deferred
(Earned
receivable
accounts
1078.
10,151,264
600,000
__
redemption—
taxes
Earned
and
amortization
.23,692,966
payable—
payable to
Profit
1943—4 Mos.—1942
$3,717,506;
p.
—-V,
Capital
and
interest, $20,096; other accrued liabilities, $188,899;
sales contracts, $34,269; first
mortgage 4% bonds due 1956,
payable (bank, due 1944-1946), $414,000; first mort¬
gage
4bonds due
1956
$2,418,000; deferred credit (arising front
transactions in reels), $5,591;
reserves, $245,476; preferred stock ($50
par). $2,068,350; common stock ($5 par), $2,574,320; earned
5,465,932
advances
(not
Total
Long-term
notes
miscellaneous
notes
Net
Accrued
194'J
accrued
209,606
and
to
31,
on
176,263
assets.—
debits,
Convertible
Dec,
Liabilities—Notes payable, bank, $113,000; accounts
payable, $1,287,accrued taxes,
$1,677,868: accrued salaries, wages and bonuses,
46,799
deferred
Notes
Sheet,
1,554,406
Underwriting
Accounts
1942
tax.
043;
$176,497;
22,201,448
unclaimed
and
profits
in
$5,860,189;
patents, $37,987; deferred charges, $180,001; total,
$17,132,692.
82,010,053
15,000
$10,821;
depreciation
32,278
Prepaid
Prov.
$6,740,494
for
$
cost
$344,408;
copper,
employees,
1,832.928
end
Unadjusted
or
for
and
1941
ex¬
necessary
imported
reserve
20,292,691
receivable
Deposit
1942
rates
Balance
31
companies.—
oil,
investments
Notes
excess
$2.61
$87,526)
on hand and on
deposit, $1,205,414; accounts receivable
$2,494,817; receivable from Defense Plant Corp. in connection
with construction, $246,112;
inventories, $6,662,666; duty drawback on
etc
crude
current
Other
Stores—April Sales Up—
1948—Month—1942
$1,656,889
$1,182,723
Mr.
,7:
;•
Balance
at
$2,968,730
$2.25
of
depreciation
and
obsolescence
amounted
to
$825,312 in 1941 and include $574,707 in 1942
and
supplies—
and
$4.64
$1.24-
1268.
p.
Textile
to
resigned.
130.
p.
$79,443
receivable...
controlled
Inventory
Other
Friedman,
directors
Wood,
$1,771,321
1422.
Consolidated
Ralph
for
State
securities
accounts
$3,717,506
debt'retirement credit
Assets—Cash
82,045,727
10,157,988
Treasury tax notes,
1942
esti¬
State
$
S.
87,158
for
—_____
_
estimated
excess
_____
Notes
2,437,424
1,706,067
provision
Period End. April 30
—V.
2,416,205
operating
Consolidated Retail
Sales
444,355
19,278
Operating
1941.—V.
or
$306,153
Federal
and
$9,217,936
$1.18
estimated
taxes.
laws.
1942
834,905
607,019
share.
contingency
a
and
for
taxes
©Consolidated
Government
Net
per
No
for
in
$934,233
2,034,497
;
(net),
necessary
S.
ICC
$1,695,600
♦Provision
cess
105,871
$2,397,618 $10,224,837
33.343
_____
income
Earns,
provision
provision for
accounts
♦After
601,729
deductions
Net
^Federal
$142,298.
prem.
bonds
\on
11$90,700
of
$748,776
_
2,968,730
for Federal
for
114,667
411,890
$326,367 in 1941 for special amortization of certain
properties of
the steel division. These
provisions are exclusive of additional amortiza¬
tion (of properties of the steel
division) in the approximate amount
of $280,000 in 1942 and $140,000 in
1941 which the
company expects
to claim in the preparation of its
Federal income tax return.
1942
7,792,960
$2,330,672
of
taxes
4,684,034
$2,176,649
—
income
amort,
Other
tax
6.398,916
income
Gross
1943—12 Mos.—1942
6,966,326
——
Operating income
•'
'
X.-
♦Taxes
Int.
1943—3 Mos.—1942
7.
$7,297 in
treasury stock.
income
Assets—
Reserve for
3,043,676
expenses
1941,
taxes
necessary
considered
Minority
Light
$13,641,244 $12,380,247 $48,620,454 $44,323,580
revs...
$56,778 in
include
not
in 1941
and
111'Deficits.
...
Accrued
Baltimore—Earnings—
Total
income
considered
provision
(Capital
Inc.—Output—
May 2, 1943,
142,000.000 kwh. for
with
increase
Electric
Federal
provision
no
208 So.
1647.
Gas
$1,306,986
in
taxes.
Unclaimed
Consolidated
in
$18,750,672.
—
(after
Note—Provisions
accrued
or
to
State
year
$787,734
and $1,813,635
$22,564,283,
to
amounted
the
amounted to 169,100.000 kwh., compared with
for the corresponding week of last year, an increase
kwh.
21.1'./ .—V.
paid
amounted
surplus for
surplus beginning of year
♦Includes
included.
Liabilities—
lor
an
at
corporate trustee,
taxes
not
1939
necessary.
and $62,101
V?t'.t$304,-176' Federal-' income
439.
p.
compared
1942,
made
electricity
139,700,000
of
171,700.000
be
that system output
the week ended
(electricity generated and purchased*
to
of
1421.
p.
Redeem Series C Bonds
Consolidated Edison Co. of New York,
amounting
Bank
first
1946.
City National Bank & Trust Co.
La
Chase
York, 11 Broad St., New York, N. Y.—V. 157,
taxes
$1.35
in 1942,
$7,158
and
taxes
U.
mortgage 4&#.- 50-year gold bonds
interest by The United Gas Improve¬
the
chase
in
considered
U.
refunding
guarantee of
1941
:|Does
excise
excise
in
and
4,682,572
$0.92
aid
Connecticut Ry. & Lighting Co.—Bonds Called—
'.Holders
1939.
$2,962,438
tax
♦Property
(endorsed
;
in
of
profits
$983,017.-*--
1176.
p.
$5,567
taxes
Cash
•
for losses of
reserve
and
$1,279;'
contributions
$114,838;
gasoline
Earned
$1,460,791
107,897
411,891
4,682,563
stock
$395,000;
(par $100),'$250,000; accounts payable, $6,486; dividend
$2,963: customers' deposits, $4,499; accrued Fed¬
income taxes, $7,277; accrued other Federal taxes, $659; accrued
declared,
$1,268,564
Earned surplus at end Of year
Earnings per common-share
$19,645,200
income
for year—
dividends
1,622,120
and
■
$1,460,791
Crl24,075
dividends
111364,724
*♦$1,487,919
$100),
(par
2,624,649
$1,144,489
Net income
Preferred
Common
10,715,704
and
tAfter
671,824
420,715;;
and
prior'years——
10,242,321
to
total,. $983,017.
stock
income
1,301,626
Earned
mated
(less
State
4,682,384
to
(no
cumulative
U52.800
Net adjustments of
2.052,945.
$4,506,154
117,740
—
and
!
6.304,504
amounted
1940
hand
Federal
4,682,382
7,900
receivable
for
-profits .taxes.
1941
$2,563,855
charges' (net)_—
♦Provision
;
2,113,390
operations
4,317.658
excess
$12,353;
Income
from
4,682,378
■
'".y
•
$6,559,099
15.398,082
amounted
income
accounts
profit
during
$4,677,245
sales
-
1940
1942
from
14,924,698
♦Federal
profits
excess
profit
upon
income
27.306,733
.4,682,377
capital
Federal
,
stock
common
V.
in
uncollectible
$37,294;
Sheet, Dec..31,
$871,098;
deposits
Liabilities—T,i
of
Federal
for
necessary
;
660,042
t+383,619
based
$33,865,832
____________
J Shares
.
Note—No
tax,
640,284
§3,104,736 **1,794,072
is
earnings
24,757,250
to corp.
accr.
It
retirement
net
returns and allow— $29,434,495
Net income before adjust, for prior
years
Cr804,353
1,066,691
tax
1942
Net income
Dividends.
/
plan.
sharing
company's
Selling, general and administrative expenses-
12,791
Crl0,867
£
.
outstanding (par $5)
Earnings per share
1,162
profit
4,918,412
5,375,460
$15,155
—
Gross
1,319,665
8,960,500
17,037,314
Dividends
1,634
—
pension
a
the
1,920,981
7,247,650
•
$13,521
1,810
revenues-
deductions
Gross sales, less discounts,
cost Of
1
912,800
1,035,628
161,037
income
Income
w.Y)'it7';','
-:
Extraord.
$174,558
164.704
,
the
to
of
1942
19,495,849
17,582,757
1941
deductions
net
20,184,146
338,308
Surplus
Other
33,503,845,
1,255,884
Deductions from
1942
by
company
percentage
157, p. 1268.
Copperweld Steel Co.—Annual Report—
:^}y ;.;v Y; Income Account for Calendar Years ';
'
Applic. to minority ints.
4,916
profits
Crl,518,284
week
provided
the
3,003,836
net_
Co.—Earnings—
Operating
3,354,056
_______—
Net' income
Federal
Operating
58,611,704
3,776,400
received
int.
Intang, develop, costs—
Depl. & lease surrendered
Depreciation
Corp.—Weekly Output—
The weekly kilowatt hour output of electric, energy of subsidiaries
this" corporation adjusted to show general business conditions of
served for the week ended April 29, 1943, amounted to
Gas
60,683,758
Net
territory
Concord
consol.,
and
by
cetlain
a
;■
Balance
ft
,
81,111,390
69,246,558
32,758,879
tEquity in curr. year's
^earnings of controlled
157, p. 12
Commonwealth &' Southern
of
84,221,960
75,967,391
ad¬
Income
oper.
of
each year.—V.
7,151
,
railway—i.—99,108
Def icit .—V.
1939
1940
112,511,727 106,526,802
&
expenses
those
to
contributions
trust
3,785,457
Net
35,986
392.054
•
1941
1741
addition
Calendar Years
,$123,285.
.
23,299
15,061
railway.—-
income
♦Taxes
o
From Jan. 1—
Gross
operating
ministrative
".'1941
1942
1943
.
oper.
Costs,
CHRONICLE
(& Subs.)—Annual Report—
Income Account for
1942
Columbus & Greenville Ry.- Earnings—
March—
& FINANCIAL
the
company
founded
upon
the
payment of pensions
to
reaching the normal retirement age
contributions by the company figured on
upon
basis.
profit-sharing retirement income plan provides for the sharing
of profits of the company in the form of benefits in
employees
Gross
Income
Net
income
——
deductions
—
income
157,
•
p.
692.
'
——-
529,431
534,557
$214,484
—_
—
Dividends
—V.
——
$303,308
215,572
215,572
'
r\
Eastern Gas
in
pany
Fuel Associates—Earnings—
&
are
"
12 Months Ended March 31—
■
consolidated
Total
Provision
for
income————s
income
Depreciation
taxes—
depletion
and
;—
—
and
discount
for
tinued
expense——
:
debt
2,541,226
the
items
597,781
586,419
200,000
———
contingencies—..—
Dividends
of
Cash
of
have
con¬
paying off debt. Despite the necessity of over
construction expenditures almost $22,000,000 of
of
new
public has
have
stock if unpaid.
Debt—System companies
common
Reduction
increased
been
and cash and cash
1942,
paid off during
of the System were $205,400,000 at Dec. 31, 1942—
Electric Bond and Share Co., $45,100,000 in the inter¬
holding companies and $135,100,000 in the operating com¬
panies. '
;
" •;
In the seven years ended Dec.
31, 1942, the following has been
accomplished:
(a> Holding Companies: Debt paid off, $116,138,335; cash decreased,
$20,898,049.
,
A'.
(b) Operating Companies:
Property constructed, $577,338,000; debt
increased, $75,878,519; cash increased, $63,820,261.
Since Sept. 30,
1942, System holding companies have reduced debt
resources
$25,200,000 in
Div.
requirements
State
Earned
—V.
taxes
dividends————
157,
$2,248,525
$1,691,879
stock
$6.01
$4.52
prior pref. stock—
4 l/a %
6%
to
on
1,108,729
before
stock
pfd.
preferred
of 6.%
share
per
$2,800,608
on
available
Balance
$3,357,254
1,108,729
for div. requirements—
available
1423.
p.
almost
Services, Inc.—Weekly Input—
Ebasco
29,
1943, the System inputs of client
Ebasco Services, Inc., which are subsidiaries
of American Power &
Light Co., Electric Power & Light Corp. and
National
Power
& Light Co.,
as
compared with the corresponding
week during 1942 were as follows:
the
For
week
operating
April
ended
Thousands of Kilowatt Hours
—Increase—
T
National
1942
Amount
163,371
145,610
76,613
17,761
12.2
16,230
21.2
92,843
Light Corp.
&
Power
above
The
do
not
panies not appearing in both periods.—V.
William
T.
Dreves
of
111.,
Glenview,
com
and Comptroller of the
Vice-President
as
is
position as factory comptroller for
Sears, Roebuck & Co., Chicago, 111., and will take up his new duties
early this month.
While with Sears he has been an active director
in 11 .important affiliated or owned factories.—V. 156, p. 2222.
Mr.
•
Dreves
resigning
Share Co.-—Annual Report—
Electric Bond &
C.
E.
Groesbeck,
remarks
The
and
Chairman,
stockholders
to
his
<
state
in
S.
excellent
in
size
of
war
effectiveness
and
parallel
without
is
in
history.
As
about
as an investor in the company, to the
Application filed Feb. 22 last with the SEC for
permission to use $15,000,000 in the further purchase of the company's
preferred stocks.
Based on current market prices, the expenditure
of
this sum
would
permit the retirement of about $25,000,000 of
preferred stocks and effect a saving of about $1,450,000 in annual
dividend
requirements.
How important
this is to the company's
financial position and
to you as an investor becomes obvious when
you note in
the accompanying financial statements that, due largely
to increased taxes and
reduced total income, preferred dividends in
direct
1942
earned
by $2,085,000.
items in this report are taxes and recent develop¬
nature and their apparent trend.
These, in
important
of
regulatory
a
greatest significance.
The safety of your
capital and the prospect of earnings are today dependent upon the
impact of regulation to a greater degree than ever before.
\
opinion,
our
the
of
are
Preferred Stock—An appli¬
cation was filed by the company with the SEC on Feb. 22 last for
permission to use $15,000,000 in the purchase of its preferred stocks
in
the open
market.
If granted, it would enable the company to
become a purchaser of such stock as might be offered for sale from
time to time.
So far this year, over 86,000 shares have been bought
and sold on the New York Curb Exchange.
Would
•
On
to
Use
previous
spend
the
occasions
More
asked the SEC to authorize it
such purchase of preferred stocks
company
of $10,000,000 for
total
a
Retire
to
$15,000,000
permission to use $7,000,000 of the amount requested.
$15,000,000 now sought includes this $3,000,000 over which the
The
reserved
SEC
jurisdiction.
$7,000,000 heretofore
allowed by the SEC, the company
lias
retired
$12,673,000
of preferred stocks, effecting a saving in
dividend requirements
amounting to $730,000 per year.
Total
income
for
1942
decreased
$2,160,000 from
the preceding
With
the
hand, increased by over $1,674,000, and
largely as a result of these two factors, net income is off $3,912,000.
Preferred
dividends have not been
earned by
$2,085,000, and this
amount would have
been greater
had it not been for the savings
Taxes,
year.
effected
of $12,673,000 of preferred stock.
On Dec.
31, 1942, the company had cash and cash items aggre¬
gating $25,204,000, which were represented by $18,850,000 in cash
in banks and $6,354,000 in the form of short-term securities.
As the
cash
produces no revenue for the company, we believe that such
portion of it not needed in the business should be put to work in
effecting savings
in
preferred dividend
requirements,
through the
purchase of preferred stock.
Based
on
current
market
prices, the expenditure of $15,000,000
for the purchase of the company's preferred stocks in the open market,
■would permit the retirement of an estimated additional $25,000,000 of
preferred stock and thereby save about $1,450,000 in annual dividend
requirements.
We believe that this proposal represents sound busi¬
ness
practice and is strongly in the interests of stockholders.
Thus,
if SEC approves
this application,
a
most important step will have
been taken toward solving the problem of preferred stock dividends.
through
retirement
Earnings—Gross income for the 12 months ended Dec. 31, 1942, was
$9,108,747, which is $2,160,879, or 19% less than for the correspond¬
The major
ing period of the previous year.
failure
&
receive
to
dividends
the
on
that
&
for this decline
reason
of
stock
common
National
Electric
extra
reason
The
item
Co.
declined
of
due
other
Inc.
preferred
$6
the
reduction
in
the
dividend
United
Gas
on
of
elimination
$1.60
rate
dividend
rate
of
income
Corp.
its $7
American
the
and
of
the
paid
on
its
&
$3.50
Foreign
per
United
stock.
from
increased.
Gas
a
is
Power
share
on
currently
the $7 preferred,
in
Corp.,
addition
$3
to
paying
recurring
of
all
scheduled
This will be
as
for
now
paying off
arrears
year.
of
taxes
company
for 1942
credits
in
1941
on
account
of
a
loss
incurred
in
in
1942,
received
result
a
completion
of
increase
an
preferred
1941.
for
1942
was
Although
dividend
$5,659,041,
this
amount
requirements,
preferred stock for 1942,
full
compared
was
with
$2,085,007
dividends
were
over
7%
of
over
the
2,739,241
income...
157, p.
t Tax es
Other
1942—12 Mos.—1941
$7,087,584
660,355
1,966,720
4,015,136
14,154
34,450
54,443
103,178
$2,281,735
$2,481,644
464,340
294,765
2,855,098
134,600
162,686
594,608
517,205
$1,682,795
$2,024,193
$5,659,041
Pfd.
income
stock
to
1,924,221
balance—
divs.
periods,
declared
2,003,157
7,744,048
8,321,330
$21,036
f$2,085,007
$1,250,093
$7,151,312
$9,108,747 $11,269,626
1,180,998
Fort Worth
Denver City Ry.—Earnings—
&
from
Net
ry.
"Includes
298,264
166,584
from
Net
—V.
railway-
3,204,180
railway..
income—
from
ry.
1,510,524
712,654
765,466
507,177
oper.
157,
12-month
amounts of $85,500 and $614,000 for the
ended
Dec.
31,
1941,
respectively,
Ebasco Services Inc. out of earnings of
periods
paid
were
by
for Federal income taxes include
tProvisions
take
into
losses
to
$347,711 and $1,242,165, respec¬
12 months ended Dec. 31, 1941, attribut¬
of
excess
non-system
investments
charged to earned surplus.
ledger
sales has been
in
investments
of
sales
on
adjustments of accruals
of
decreases
account
tively, for the 3 months and
able
these
of
value
over
companies.
proceeds
of
Net
Gatineau
for the
months
12
of
ended
1942
amounted
has called
Payment
General Investors Trust—Earnings—
1943
to
$1,355,-
securities
and
advances
Interest
Proceeds
6,353,935
„
Total
income
--
n.Oe1?
200
assets
100
119,124
105,116
550,512,911
552,767,208
—
Total
Liabilities—
cumulative
preferred
$6
cumulative
preferred
Common
stock
Accounts
payable:
i.$5
28,030,000
26,960,000
105,814,700 110,195,500
26,251,788
26,251,788
250
200
43,686
126,476
stock
stock—.i
par)
Associate
companies
Others
declared
1,924,220
.
capital surplus)
from
(appropriated
Deferred
credits
Capital
Expenses
_
—
_
..
6,473
3,911
6,455
4,043
$22,755
$23,880
$24,252
-
income
Net
„
losses
securities,
on
amounted
$1,895,114
to
696,949
of beneficial interest (par $1), 402,550
capital surplus, $1,538,264; unrealized
owned, Dr$65,962; total capital, $1,874,851;
undistributed
income,
$20,262;
dividends
payable, $24,153;
Federal
income tax
1942, $1,459; accrued miscellaneous taxes, $296; reserve
for Federal capital stock tax, $360; total, $1,921.381.—V. 157, p. 1179.
$402,550;
outstanding,
securities
of
Outdoor Advertising
Earnings—
1943
1942
1941
1940
$2,382,740
2,254,650
$2,607,769
2.668,495
$2,772,906
2.686,433
$2,774 947
2,701,411
$128,090
"$60,716
$86,473
$73,536
23.903
10.966
13.186
13,922
$49,750
$99,659
$87,458
236.802
expenses
income
(net)
profit
246.852
246,920
251.087
1940
16,033
1939
$67,831,
36,006
$75,711
35,396
costs
93
oper.
$120,832
45,481
Net oper.
Non-oper.
$14,287
$40,314
$31,826
21,400
19,834
24,397
tlncludes
ductions.- -V.
$20,481
$7,429
26,137
41,071
65,826
$48,095
17,496
expense.
profit—
&
revs.
gains
&
$61,551
$73,256
$65,591
10,927
32,674
13,453
68,760
31,029
76,130
"$41,568
losses
Additions
to
16,399
41,291
"$8,303
surplus.
"$12,414
"$8,958
Sheet,
31
"Loss.
Comparative
Assets—
Current
Due
Balance
Investment
Prepaid
Dec.
—V.
$111,376
345,300
309,996
v
88,397
87.977
——
881,558
4.938
1,022,426
8,381
$1,401,269
$1,540,157
$33,010
$68,868
634,001
720,778
825,500
825,500
,1
subsidiaries
plant
and
expenses
„
equipment—
_
1941
and
in
$1,743
de-
miscellaneous
1940
Earnings—
—Jan. 1 to
April 21—
1942
$576,385
$32,150
-
April 21—
1943
1942
$34,175
*:
$547,510
v
1649.
p.
Power Co.—Earnings-
Georgia
revenue
Operating
General
Federal
Divs.
7,944.043
637.378
$9,396,507
311,799
307,359
3,739,883
3.944,008
$510,649
_
$401,312
$5,961,104
$5,452,499
223,005
223,005
2,676,064
2,676,064
$287,644
stock
pfd.
on
$708,670
$822,448
__
2,489.652
$9,700,986
tax.
deductions
income
3,524,355
1,590,062
taxes
income
other
&
Net
3,810,531
903,063
1,119,945
.
profits
excess
394,300
deprec.—
income
Gross
Int.
1,454,918
expenses
taxes
$3,247,030 $43,776,094 $38,185,702
16.179,321
17,993,020
1,261.041
4,144,790
374,250
4,551,150
$3,791,611
———
for
Provision
1943—12 Mos.—1942
1943—Month—1942
Period End. Mar. 31—
Gross
Balance
$178,306
$3,285,040
$2,776,435
—V.
157,
1270.
p.
Georgia RR.
Earnings—
ry.
1941
1940
'
railway—_
$916,130
$658,371
$420,701
railway-
420,396
254,488
114,674
54,464
income
362,820
232,425
99,520
47,443
2,666,433
1,823,505
1,170,883
916,631
from
from
1942
1943
March—
oper.
$322,260
Gross
from
Net
from
Net
ry.
railway-
railway——
1,223,537
686,342
310,531
142,860
income
1,059,032
608,005
270,709
119,742
oper.
157,
1270.
p.
Goodyear Tire
The company has
of
dividends,
determined
be
declared on the common and preferred stock, will be
meeting of directors to be held May 10.
Dividends
if
the
at
payable June
The
Rubber Co., Akron, Ohio—Meeting
&
notified the New York Stock Exchange that amount
15
to
holders of record May
15.
paid a dividend of 50 cents per
value, and a regular quarterly
dividend of $1.25 per share on the $5 cumul. conv. preferred stock, no
par value,
to holders of record Feb. 15.
Payments on the common
share
company
on
the
stook during
and
March 15,
stock,
on
common
1942 were
Sept.
15
last,
no
par
follows: March 16 and June 15, 37Va cents
15, 25 cents each.—V. 157, p. 1081.
as
and Dec.
1941
$81,076
subsidiaries
in
in
1649.
revenues
157,
each;
1942
-
assets ;
from
$165,536
$75,350
$19,024
exp.
$91
p.
Week End.
Operating
will
Total
157,
Period—
27,255
"$7,113
revenue
1,907
$147,354
$296,602
$84,809
———-
—V.
Net
for
prov.
retirements
tlnterest
From Jan. 1—
1941
1942
$30,319
revenues—
—
—
and
Amortiz.
Ltd.—Annual Report—
Calendar Years—
— _
Profit from operations
Total
Subs.)—
(&
$151,993
revenues
Operating
Miscell.
Co., Inc.
y.
Operating
Gross
1556.
Administrative
accrued interest
due from brokers,
shares
Liabilities—Capital
Net
Production
31, 1943
receivable,-$10,437;
$10,866;
depreciation
Net
oper.
or
.
550,512,911 552,767,208
Total
Gross
unrealized gains
and
1943 based on market
$4.70 per share.
Sheet, March
dividends
$75,106; total, $1,921,381.
bonds,
319,961,175 316,504,930
61,064,936 63,116,392
Exeter Oil Co.,
realized
trust at March 31.
Assets—Securities, $1,725,767; cash in bank, $99,204;
4,893,982
i
surplus
-V. 157, p.
excludes
capital expense.
or
of the
net assets
The
(2)
statement
Above
Notes—(1)
or
947,783
4,893,982
67,841
__
surplus
Earned
2,003,157
3,530,382
taxes
Reserves
r-r.;
; $24,316
•
Fed.
$5
Accrued
$28,295
_
$26,666
$30,790
-
599,399
—
Prepayments
Dividends
$30,335
575
dividends
7,433,739
8,109
Associate cos
-
current
6,350
of
sale
from
stock
se¬
—
receivable;
17,683,966
595,530
investments—short-term
cash
Others
Other
$21,945
6,660
1943
18,850,320
curities
interest
1940
$23,675
7.012
bonds
on
$
524,585,694 526,927,822
demand
banks—on
Accrued
1941
$19,078
6.796
Income, cash dividends-
Georgia & Florida RR.
1941
$
"•
Temporary
1942
$23,994
3 Mos. End. Mar. 31—
preferred stock.
1942
in
112,289
of
$3,080,000
Interest.
Comparative Balance Sheet, Dec. 31
Assets—
Cash
311,805
126,083
Co.—Debentures Called—
Power
company
"Loss,
Investment
320,327
"
for redemption as of June 2, 1943, a total
5% sinking fund debentures due 1949 at 101 and
will be made at the option of the holders at The
Royal Bank of Canada, in Montreal, Toronto, Vancouver, Winnipeg or
Halifax, Canada.—V. 157, p. 1557.
The
J Net loss
preferred stock and $6,388,173 on 6%
5%
on
33,312
such
ILoss.
Note—Dividends
875
100,766
1269.
p.
prior periods.
and
'
From Jan. 1—
Gross
General
non-recurring
and
amounts
2,032,107 '. 1,322,816
1,356,853
231,949
Quarter End. Mar. 31—
3-month
$450,606
$686,864
578,170
income...
oper.
r
$454,711
113,855
44,031
$1,197,493
railway——
railway
1940
1941
1942
1943
i
from
Net
applic.
whether
undeclared
or
Balance
which
1,030,948
$9,571,423
expenses
Net
1,415,783
1269.
March—
Gross
shares
Great Northern
Ry.—Earnings—
March—
Gross
Net
from
Net
ry.
1941
1942
1943
,
„
from
railway—— $14,022,012 $10,097,440
1940
$7,051,239
$6,176,357
4.694,215
2,040,423
3,088,540
1,224,503
1,628,618
1,378,501
739,416
502,020
37,829,280
27,901,650
18,855,915
16,818,915
railway-—
11,411,490
7,478,573
3,258,883
3,182,732
income
5,125,900
3,292,111
809,843
744,774
railway
Income
oper.
From Jan. 1—
Total
—
—
Liabilities—
Current
—-
—
Class
A
stock
B
stock
Surplus
Gross
from
Net
liabilities
Reserves
.
-
8,255
8,255
"99,497
—
—
"83,244
——-
-
—
from
Net
ry.
Total
—
———
"Deficit.—V.
145,
p.
$1,401,269
$1,540,157
The
and
company
directors have declared
The
common
the
This includes
stock,
a
Mr.
has called for redemption as of July 1, 1943, at 103
total of $18,000,000 of general mortgage 4% convertible
due July 1,
1946.
Payment will be made at The
G,
National
Bank
York, N. Y.—V.
C.
dividend of 50 cents per share on the
$18,000,000 of Bonds—
C.
City
of
New
York,
p.. 1558.
trustee,
v.
2
Wall
St.,
.
,
.
Corp.—New Director—
Lowry,
Walter
the
of
157,
L.
Vice President,
Sheppard,
has been
resigned.—V.
elected
157,
p.
director
a
728.
to
.
succeed
.
.
$20,
affiliate.
157, p. 552.
Sugar Growers Association, an
in
a
payable June 1 to holders of record May 15.
dividend of 25 cents per share declared by The Fajardo
par
First
a
series
Ilajoca
Fajardo Sugar Co.—50-Cent Dividend—
for
oper.
interest,
New
3344.
railway-
To Redeem
bonds,
the
thus maintaining the record of full dividend
payments which has been unbroken since the formation of the com¬
4,746,705
railway.
oper.
values
$1,786,839
income
w—'
the
on
—V.
previous
492,515
gross
less
paid
ry.
1943
$1,775,066
received
$9,571,423
than
from
Net
Period Ended Dec. 31
of Income,
income
Total
322.857
3,804,913
war
in
t$241,426
■"Dividends
securities.
income
year
Net
on
Interest
Other
413,594
4,098,355
1,630,551
1,136,246
4,521,466
1,686,974
1,297,773
8.847,241
railway-
net¬
of $1,751,503
tax
from
Gross
volume
a
increase of 13%
an
1942—3 Mos.—1941
Class
is
747,714
620,422
1,015,351
income—
Balance
paying
and
1,784,7.93
railway
oper.
capacity as compared, with 6%
pre¬
American & Foreign
American & Foreign
ry.
1940
$1,261,225
458,261
$1,411,563
579,583
$1,721,025
From Jan. 1—
System gas companies in war production
Comparative Statement
share per
per
aggregated $3,449,706, or
over the corresponding period of 1941,
The
principal cause of the increase was taxes amounting to $2,855,098,
Which is $1,674,100, or 142% higher than for the year 1941.
This
increase is due in part
to the fact that we received certain non¬
increase
Net
transmission
energy,
and the highest ever attained.
preferred stock and $1.80 on its $6
preferred stock the fiill $7 dividend,
the rate of $4
the
of
Deplet. & depreciation.. V
rate
for the decline is that a non-recurring
previously accumulated surplus of Ebasco
the
hand,
and
preferred
Expenses
*ale
and
manufactured,
reason
paid $2.10
stock.
dividends at
at
practically
service,
636,250 kilowatts.
installed
Properties,
Co.
an
to the
electric
in the last three quarters of 1942.
at
stock.
the
its
of
in
the
construction
the
representing
share
paid
being
from
the
to
Co. Inc.
on
of
in
placed
Under
Non-oper.
owned service subsidiary, was included in the
Income from American Power & Light Co. decreased
Power
its
kwh.
companies
287,000 kilowatts of new capacity were added to
United States, 779 miles of high-voltage transmis¬
the
from American Gas and
wholly
Power
on
$254,096,
10 cents a
now
$614,000
$81,000,
On
is
principal
Inc.,
period.
ferred
were
total
than
and
against $1.90 paid during 1941.
as
other
Services
1941
System
Job—The
increase in 1942.
are similar to
those of the electric companies.
They have met heavy new demands,
particularly in the area served by United Gas Corp.
System com¬
panies in the United States sold 300,369.000,000 feet of gas, both natural
National.
that dividends received
was
payment of
dividend
annum,
lines
a
from
Net
Net
delivered
generated and
23,360,000,000
greater
year
in
Problems
is
Power
Birmingham Electric Co. and sharply curtailed the
from Pennsylvania Power & Light Co. and Carolina
Light Co., subsidiaries of
Another
This
the
System
present
1941, $1,143,203 was received
November, 1941, prohibited common
in
Its
Does
of
dividends
common
Power
from
SEC
The
source.
dividends
,
is
Light Co. during 1942, whereas during
from
over
10%
demands.
other
the
on
1942
During
the
received
and
System
by almost $10,000,000,
debt reduction during the
companies
previous high mark established in
1941.
To enable you to understand the magnitude of such an output,
it may be said that this is enough energy to supply about 23,000,000
of the some 26,000,000 home users of electricity in the United States
at the 1942 rate of consumption.
The ability of the System companies to do this record job is im¬
portantly due to the long-range planning which has always been a
fundamental System policy.
Construction
expenditures
for System
companies
in
the
United
States aggregated $231,046,000 in the three years ended in 1942, and
for 1942 were $77,873,000.
j;% J/.:."
the
not
were
Other
of
Share
States
than
attention,
your
importance
ments
in
more
the continued
System com¬
production activity, an activity
one-eighth of the electric energy generated for
public use in this country, the System has played a major role in
the distinguished accomplishments
of the utility industry and indeed
of industry as a whole.
There is an infallible yardstick
to measure the magnitude of the
job the industry has done in the present national crisis, and this is
the fact that there is today no shortage of power.
No industry has
lacked adequate power and there is no rationing.
These accomplish¬
ments are of the utmost importance to you as an American citizen.
producer
operating
and
year
part:
panies in the nation's tremendous
We
work
achievement of the year has been
performance
of
Electric
Bond
and
Share
outstanding
which
in their
President,
Murphy,
W.
and
United
sion
■
,
,
15.8
any
the
President, announces the appointment of Walter
Hedlund,
company.
of
157, p. 1648.
Official—
Elastic Stop Nut Corp.—New
J.
16,617
105,693
System inputs
12?,310
include the
Light Co.
figures
%
1943
Operating Subsidiaries of—
American Power & Light Co.
$8,000,000,
Bond
Net
$3,217,994
railway...
,
making a total of almost $18,000,000
intervening six-month period.
of
companies
Electric Power &
.
from
1941
1942
•1943
March—
Gross
$22,000,000.
over
mediate
Net income
Florida East Coast Ry.—Earnings—-
stocks are cumulative and
the preferred
on
the
to
program
the
to
prior
Continues
$86,000,000
4,692,140
2,450,262
—-
—
Provision
System
5,383,757
——
Interest
Debt
1943
1942
$16,684,494 $14,964,730
4,706,802
4,332,975
1905.
charge
a
'
Monday, May 10, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
1742
preceding quarters.—V.
A similar payment was made
i
Herald
see
1350
Square Building,
Broadway Realty Corp.
New
York
below.—V.
City—Tenders-
147,
p.
891.
Volume
157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
Georgia Southern & Florida—Earnings—
Calendar Years—
Honolulu Oil
from
1941
1940
$3,594,411
$2,982,334
3,066,197
Net
1942
$5,202,725
2,544,321
2,117,782
operation,...—
$2,136,528
$1,050,090
$864,553
___________________
814,859
246,621
186,830
Equipment and joint facility rent,s_
325,869
279,180
183,341
revenue
Taxes
—
operating
Railway
Other
income-
$995,800
$524,290
7,572
Corp.—Tax Suit Filed—
President, on April 16, said in part:
19, 1940, stockholders were advised of the probable taxable
status of the dividends paid by this
corporation during the calendar
years 1936 to 1939, inclusive, with the suggestion that refund claims
filed
be
for
the
taxable
years 1936, 1937 and 1938, and that 39% of
reported as nontaxable income. 'Thereafter the
Treasury Department determined that dividends paid by this corpora¬
tion to its stockholders should be allocated as follows:
the
1939
dividends
$1,004,230
Interest and rentals
Income
Balance
General
rents
received
stock
(par $1),
$168,901
$137,895
31
Investments;
413,970
Temporary cash investments-—
Special deposits
Material
and
Interest
Other
supplies
107,095
2,710
387,262
California,
181,275
157,580
by
current
Deferred
♦
test
the
19,842
7,436
the
7,783
debits
6,855.
claims
for
329,099
...
82,250
sioner
of
corporation
—
$17,514,417 $16,470,064
-
stock
$2,000,000
preferred stock—_______
—684,000
Second preferred stock
*
1,084,000
Long-term debt
6,419,699
Government grants in aid of construction—___
3,104
Loans and bills payable
1,000,000
$2,000,000
684,000
.
Traffic
and
Audited
1,084,000
_—___
accounts
Miscellaneous
Accrued
Other
and
164,996
76,535
payable
283,523
475,408
78,120
interest
tax
Deferred
for
years
4,300
the
the
We
for
Court
for
also
the
of
amount
1936
years
Revenue
to
filing suit.
the
purpose
1937
Northern
of
140,000
for
27,
the
an
An
the
&
1943,
Northern
was
filed
in
from
ry.
Income
Account
for
833,301
Taxes, other
1,374,983
Depreciation
46,304
46,304
1,696,904
than Federal income
railway—
income.—
381,655
Surrendered
Profit
$242,845
Total
$
taxes
9,514,566
144,205
56,124
Interest
80,563
24,361
1,544,607
1,609,750
2,385,506
83,471
from
railway
1,818,923
38,150,784
423,184
152,703
256,171
161,752
217,121
68,663
Green Bay
Net
ry.
'
from
from
taxes
1941
$158,797
$136,838
55,273
40,720
U.
6,805,000
42,931
30,062
22,311
Net
157,
'
17,975,680
472,133
188,575
159,777
418,949
124,749
105,149
84,762
68,347
v
1270.
p.
'
profit
Expenses
1,258,229
Operating
Cash disct.,
1,683,531
$3,776,655
1
$3,268,234
$3,107,115
$2,345,505
179,765
106,241
int., etc.—
State
inc.
$3,447,999
governmental
239,571
$2,441,363
338,148
243,941
221,417
11,742,940 m,447,941
taxes-
1,210,676
5,000,000
5,635,665
2,102,201
5,294,781
7,652,162
Net
$1,372,248
—
J$1,661,910
$1,758,739
Notes
of
:
,877,475.
253,844
253,844
253,844
514,312
514,312
514,312
514,312
$604,092
-$893,754
$990,583
$928,501
685,749
685,749
685.749
685,749
$1.54
$1.96
$1.82
$1.73
____
oil
accounts
(less
shs.
Com.
outstdg.
collectible
9,911,906
677,964
receivable,
secured
Earns.
pCr
by
from
land
11,461,674
602,913
out
'■Includes Federal excess profits taxes,
tlncludes Federal normal and
$855,783; Federal excess profits tax, $797,157, and Pennsylvania
tax, $90,000; total, $1,742,940.
fAdjusted.—
p. 42.
surtax,
State income and franchise
V.
157,
1,815,855
secured
2,033,509
236,176
by
Manufacturing Co.—Tenders Sought—
other
and
accounts
1,099,558
will until
of
it
to
May
first
to
exceed
to
not
cease
mortgage
1945,
1,
to
12 o'clock
May
on
convertible
amount
an
and
105
21,
17 receive
10-year
sufficient
interest.
after May
accrue
noon
to
extended
on
147, p.
6%
bonds
the
425,762,178 407,289,755
to
Loan
at
due
prices
accepted
wiil
1929.
one
purchased
and
from
with
(Stated
in
Period End. Feb. 28—
Profit
from
& Worts
miscellaneous
trustee
to
Canadian
(& Subs.)—
of
payable
to
from
Co.,
due
tCapital
to
other
$5,513,950
—!
income
Prov.
Deb.
$3,419,269 $12,458,009
246,493
Total
173,668
for
depreciation.
Int.,
disc.
Bank
for
&
238,142
326,020
•
repurchased
"Undivided
profits
Net
&
179,912
exp._
192,439
363,494
472,542
20,442
Outst.
—V.
common
7,053,941
3,376,559
$2,260,946
>f,
721,537
$1,647,350
$4,855,475
$3,260,958
724,004
721,537
724,004
$2.94
shares.
1,489,511
$2.08
$6.34
$4.11
share
per
157, p.
;
648.
3 Mos. End. Mar. 31—
Net
inc.
after
all
total
of
Balance
Sheet,
1941
amount
mittee
receivable,
investment in and
$14,947;
of
the
$507,500),
$12,500; oil leases
wells /and equipment
Liabilities—Accounts
$4,391;
income
tax,
accumulated
p.
1864.
payable,
dividend payable
$11,993;
since
on
capital
Jan.
1,
'
$4,434;
April 25,
stock
1930,
'
accrued
1943,
($1
miscellaneous
$9,000;
par),
$743,481;
.
of
reorganization
and
delivered
of
pursuant
March
10,
1943,
shares of
and
30,
to
common
payment in
the
1942.
resolution
a
of
will
investment
the
tissued,
approved
five
stock,
full
plan
At
certain
a
to
be
pursuant
by
listed
to
the
of
9,000,000
Feb.
no
20,
1942, the
options, each
stock
at
and
for
executive
the
upon
board
possible
stock
options have
of
at
this
date
reserve
for
taxes,
of
exercise
of
been
Profit
Other
from
expenses.
operations
the
notice
such
of
stock
.v
_
2,866,393
120,521
$322,958
—
302,983
^
,
$625,941
earned surplus
$773,298.—V.
156,
Note—No provision
to
the net
!
has been
investment
on
the
to
taxes
its
in
Federal
the
on
corporation,
basis
income
(used
although
in
such
elects to be taxed as a "regu¬
distributes its entire taxable income
no
company
and
stockholders.
No
provision
has
been
made
connection
(2)
Unrealized
1943,
appreciation of investment securities at March
$5,367,384
as
compared
with
unrealized
depreciation
of
$4,193,518 at Dec. 31,
ble
to
(3)
the
1943
1942,
quarter
indicates
of
unrealized
appreciation
31,
of
applica¬
$9,560,902.
During the 1943 quarter, purchase of investment securities (ex¬
U. S. Government
securities) aggregated $2,302,318 and sales
clusive of
of
investment
(4)
securities
During the
asset
first
increased
company
shares
(exclusive
of
U.
S.
Government
securities)
$2,597,334.
quarter of
from
$34,253,145
outstanding increased by
value
the net asset value
1943,
to
$44,500,970,
and
than 48,000
more
of
the
shares.
the
number
The
net
j^er share increased from $14.64 to $18.62.
Balance
Sheet, March
31,
1913
Assets—Cash.
$3,179,528; investments: U. S. Treasury bonds, $452,bonds, $7,231,501; common and preferred stocks, $33,610,-
other
966;
accounts
and
receivable
receivable
interest
from
from
receivable,
sales
sales
of
$93,844;
of
investment
capital
total,
securities,
shares,
$177,396;
$89,232;
dividends
$44,834,577.
Liabilities—Management fee payable April 1, 1943, $55,626; accounts
payable for purchase of investment securities,
$41,353; accounts paya¬
ble for repurchase of shares for the
treasury, $44,978; provisions for
estimated
Federal
Federal
capital
income
expenses,
157, p.
1363.
stock
taxes,
tax
and
$13,151;
$165,995;
provisions
Massachusetts
capital,
excise
$44,500,970;
for
estimated
taxes,
total,
$12,504;
$44,834,577.—
-
Interlake Iron Corp.
(& Subs.)—Earnings—
3 Mos. End. Mar. 31—
sales, less
discounts, etc.
Cost
of
goods
1943
1942
1941
1940
$9,973,898
Gross
$9,951,615
$9,067,137
$4,370,624
3,981,359
corn's,
sold
&
8,508,788
8,238,684
7,355,322
—__
18,325
16,706
14,512
5,088
_________
for
$1,446,785
$1,696,225
$1,697,303
$384,177
doubtful
receivable
acct.
Profit
Other
income
32,409
Int.
funded
on
27,747
30,832
39,997
$1,479,193
Total
$1,723,972
$1,728,135
$424,174
debt™
28,031
Prov.
in
for
amort,
Dalton
Ore
50,781
66,127
86,316
1613.482
Depreciation
555,429
528,154
371,180
of inv.
Co.____
131,250
75,000
75,000
Est. norm. Fed. inc. tax
State income taxes_____
"442,000
"592,000
284,000
4.000
6,000
Net
profit
$260,430
"Includes
provision
amortization
of
Notes—(1) The
ations
the
of
made
emergency
Dalton
above
Ore
corporation has
$444,762
excess
for
quarter
substantial
mated Federal income taxes is
Trees,
as
a
this
Executive
company
$774,855
not
reflect
the
on
(2)
result
of
in
1943,
Provision
of
the
the
on
nomination
Chicago
Bridge &
director at the yearly meeting on
May 13.
existing vacancy on the board.—V. 157, p. 1082.
Mr.
esti¬
1865.
p.
Co.—Holders Meet May
will vote
Vice-President
oper¬
which
for
the 1942 law.—V. 156,
new
an
t$108,322
fLoss. I ilncludes
tax.
ended March 31,
investment.
based
International Harvester
Stockholders of
J.
profits
$62,172.
statement does
Co.
a
for
facilities,
75,000
______
The
13—
of Merle
Iron
Co.,
Trees will
made for Federal taxes
operating loss carry-over from the year 1940.
Bankers
Trust
Co.,
Wall
16
St.,
New
York,
N.
...
on
$608,574
income
due
>
Y.,
as
trustee
for the first
and refunding 5%
sinking fund mortgage bonds, series A
B, announce that offers of these bonds, for sinking fund purposes,
will be received
up to
12 o'clock noon on May 29,
1943 at prices
not to exceed 102V2 and'accrued interest.
Bonds in an amount suf¬
and
ficient
June
to
exhaust
lowest
4.—V.
$100,514
offering
157,
p.
prices.
in
the
sinking
Accepted
fund
bonds
will
International
Telephone
be
be
must
1559.
accepted
delivered
at
on
v';-.'-
17,367
—
income
if
1943
for
with unrealized
appreciation of in¬
securities indicated at March 31, 1943 since, in the
company's
opinion, it appears probable in view of the provisions of the Internal
Revenue Code that no such taxes will be incurred.
the
income
deductions
business
a
company"
1943
year
as
$24,000
International Paper Co.—Tenders Sought—
$3,309,873
Federal
Net
gains and losses
com¬
1943
—
income
Total
Other
administrative
unrealized
$1,092,873
exercised.
Income, Year Ended Dec. 31,
sales_.
and
______
$845,226
vestment
authorizing
official
—
General
$900,000;
total,
the
3
taxed
be incurred
the
of reorganization and order
meeting of the directors held
adopted
was
and
being
for
fill
Statement
advances to
securities,
$11,773;
plan
executed
Court
March
Cost
S. Treasury obligations, $35,030;
oil, at posted field prices, $467;
crude
1941.
____
1943
Wyoming-Calif. Petroleum Co., $263,663;
(less reserve for depletion of
(less reserve for depreciation
of $771,324), $43,914; deferred charges, $915; total, $773,298.
marketable
to
appointed
$14,745
Assets—Cash In banks, $390,190; U.
accounts
in
31
company has provided
months ended March 31,
for
of
729.
calling for 50,000 shares of common stock (par $1),
price of $1 per share to the five members of the
Sales
31,
$195,797,448
amortization
stock
1940
$12,905
$6,248
March
p.
and
options.
1942
$18,265
£>r274,734
Exchange has authorized the listing of 250,000
upon exercise of stock options, making the
applied for to date 1,995,017 shares.
common
Pursuant
None
1943
chgs.
157,
8,793
13,960
Mar.
The
taxes
New York Stock
250,000
Development Co.—Earnings—
and
1942
depletion
791,384
sold
or
earnings
Notes—(1)
Hupp Motor Car Corp.—Listing of Additional Stock—
The
issuance
Holly
in
shares.—V.
shares
72,700
3,081,443
—
Dr274,734
depreciation,
516,191
477,840
554,912
554,912
164,437,878 153,481,965
treasury
for
reserves,
corporation
taxes
Earnings
479,365
excess
profit
par
259,202
27,424
inc.
in
$292,696
securities.
175,000,000 175,000,000
;
held
51,131
$315,075
__
earnings Dec. 31
Adjustment of over accrual of prior year taxes
amount
for
participation
in
undivided
earnVgs included in price of capital shares
2,014,167
425,762,178 407,289,755
"Less
$7,662,124
interest
Prov.
$7,402,922
$3,592,937 $12,784,029
236,213
490,677
$5,760,443
1,677,914
surplus
Capital stock
$211,485,912
mfg., dist.
management
&
i__
.
expenses
1955
1942
$343,828
88,083
income
Prov.
709,577
stock
up
1943
Undivided
after
892,500
maturing
reserve
Net
35,000,000
5,000,000
Reserve
(less
$403,157
income
Net
±.
J
Total
all chgs. of
5,591,953
banks
Rubber
receivable
accounts
$0.42
1943
Expenses
•
50,000,000
Purchase obligations
Deferred credits
1943—6 Mos,—1942
after
oper.
trust
31,
:
Incorporated Investors—Earnings—
1,064,090
4,962,918
declaration
customers'
March
$40,280
i
13,459,628
1,223,666
accruals
under
Sheet,
3 Mos. Ended March 31—
Total
V.
10,960,959
1943
Currency)
1943—3 Mos.—1942
$421,441;
accrued
347,083
annuities
from Standard Oil Co. of N.
Capital
Ltd.
629,036
annuity trust
Co., due in 1943
debentures
Advance
389,607
629,036
due
Rubber Reserve
respect
Notes
472,098
336,653
payable,
Reserve for estimated Federal income taxes and
other taxes
Loans
4,386,357
273,138
notes
year
from trustee of
Advance from
Wages
10,042,836
5,228,527
and
Earned surplus
Iliram Walker-Goodcrham
8,802,151
companies—
obligations
$2.24
for development purposes, $335,912; reserve for contingencies,
capital stock (issued 95,940 no par shares), $95,940; paid-in
surplus, $376,380; earned surplus, $1,026,244; total, $2,394,152.—V.
157,
p. 1363.
accounts
affiliated
Purchase
$2.52
agency
1,660,664
Liabilities-
sale
bonds
$21,760
exhaust
Interest
1943.—V.
bids for
$2.50
share—
325,080,832
1,575,057
and gas
70,000
$213,121
payable, $73,558; notes payable, $50,000; divi¬
$38,376; accruals, $171,297; reserve for Federal income
profits taxes, $144,445;
advances by U. S. Government
excess
109;
Accounts payable for oil
Other accounts payable
140,000
$240,404
Liabilities—Accounts
905,257
336,571,341
assets
Total
Loan
The Merchants National Bank of Boston, trustee, 28 State St., Boston,
Mass.,
73,000
$240,798
dends payable,
and
of
Prepaid and deferred charges
Serial
Hill
32,471
doubtful
aggregated
.
employees,
securities
(capital)
within
share.
com.
$72,751
11,926
accounts of $13,631), $261,288; sundry accounts
receivable,
$4,286; inventories, $355,821; nop-current items, $102; deferred
charges,
$72,045; property, plant and equipment, $1,279,168;
patents, $1; total,
$2,394,152.
1,106,451
41,265
198,624
receivable
"Fixed
(no
par)
-
$295,047
7,748
and
Assets—Cash,
for
14,410,114
reserve)..
receivable,
529,412
569,931
9,829,086
supplies.!,
homesites
Due
Surplus
$388,151
18,237
taxes
per
for
33,865
16,839,035
17,860,752
merchandise
and
and
Notes
$1,696,657
253,844
profit
pfd. dividendsCommon dividends
Conv.
$332,035
income
'
excess
48,793
Consolidated Balance
5,143,820
agencies
products
salable
Materials
523,289
&
$
21,768,780
companies
Miscellaneous
Miscellaneous
$3,213,356
52,552
and
lated
1941
5,000,000
oil
95,858
$3,354,759
________
89.312
met).
taxes
31
12,413,822
receivable
1,4^,1,150
1,590,681
196,408
profits
&
$4,697,796
$3,158,352
—
...
Dec.
7,111,986
S.
Note
profit
Total income
1940
25,967
92,643
inc.
1942)
1
notes
Affiliated
Petroleum
1941
$4,951,765
$3.93
^
hand
on
Trade
"3
Other
1942
$4,416,580
—__
Other income
Fed.
1943
sales—
on
$3.25
-
receivable:
Notes
Ilershey Chocolate Corp.—Earnings—•
3 Mos. End. Mar. 31—
,
30,041
oper._
fr.
Fed.
prof,
Net
17,975,680
$
and
Treasury tax
Crude
Gross
__
share
common
in banks
S.
U.
545,041
164,418
«
Cash
;
650,484
income—
oper.
ry.
—V.
'■
35,356,558
Assets—
1940
254,849
$377,639
30,364
contingencies
7,677,725
29,243,303
year
paid in cash
Accounts
■
the
1942
71,252
railway
$507,828
31,904
exps.
charges
for
exc,
297,583
Comparative Consolidated Balance Sheet,
1942
railway
for
per
$196,202
From Jan. 1—■
Gross
Net
Dividends
$239,886
101,874
income.—,
oper.
profit
72,258
railway
railway——
profit
Prov.
1,420,038
444,989
—
Federal income
$147,511
$456,582
gen.
"Exclusive of realized
Net
& Western RR.—Earnings
1943
from
from
44,751,904
1,965,200
charges
charges
for estimated
Earnings
March—
Gross
Net
357,926
38,458,492
—
698,703
931,363
1,063,600
345,323
1,098,435
railway——
from
44,393,978
307,708
income
Miscellaneous
Prov.
Net
Income
9,551,038
17,791,024
3,586,362
operations
income
893,668
$82,000;
1941
710,615
$377,641
1940
$1,041,179
1,256,492
(inch cont. comp. res.)
156,327,276
amortization-
from
1941
$1,634,131
232,142,043
leases
Non-operating
Net ry. oper. income.—
—V. 157, p. 1458.
Net
Years
154,105,011
1940
160,909
73,494
77,862
Rep'ort
18,000,416
Depletion and
1942
1,963,401
S. District
225,612,361
operating income
1941
$410,534
defi¬
108C
$2,471,229
of
$
Gross
Costs, operating and general expenses
Date
to
common
1943
margin
and
expected
1942
793,301
1,752,245
From Jan. 1—
Gross
the U.
Calendar
158,921
1942
$707,249
oper.
Year
and
1943
$152,795;
1,573,353
expenses
Commis¬
of California, Southern Division, for
decision with respect to the dividends
year 1938.—V. 157, p. 817.
Retirements
Earnings For March
Gross
District
Consolidated
2,145,614
?
railway
payable,
$2,468,049' operating
$3,291,137.—V. 157, p.
total,
(& Subs.)—Earnings—
sold____
Selling
refund
statute
is
cases
Humble Oil & Refining Co. ,(& Subs.)—Annual
9,137
goods
Earnings
additional suit
an
$17,514,417 $16,470,664
Net
the
the
to
group
headed by Smith, Barney & Co., Lazard
and
Blyth & Co., Inc., has been formed to bid on
shares of common stock of the company.—V. 157, p. 1649.
96,531
of
Admin,
Co.
242,664
18,489
Total
from
of
tax
filed
had
with
agreement
of
underwriting
Freres
234,621
Profit and loss—balance
mortgage
$2,029,934
Cost
of
Houston Lighting & Power Co.—To Bid On Stock—
661,424
liabilities
liabilities
Net
District
free
was
who
677
—
Gross
sug¬
any,
suspend the running
decision in these two
A
of
purpose
140,000
677
accrued
liability
March—
we
obtaining a decision
declared by the
if
which
stockholders
into
enter
for
dividends,
and
advised
to
years
Internal
District
obtaining a
declared during the calendar
6,417
Unadjusted credits
Special appropriations for additions to prop.—
.••v
which
64,153
wages
accounts
current
S.
Division,
to
as
those
March
Court
3,094
1,300,000
balances—Cr
payable—
Interest matured unpaid
Interest payable Jan.
Dividends matured unpaid—.
Unmatured
to the
6,419,699
service
car
U.
stockholders.
On
First
respect
shortly.
LiabilitiesCommon
With
during the
limitations
Total
bills,
property,
capital surplus,
6 Mos. End. Mar. 31—
claims
Southern
Court
5,300
________
the
in
cases
125
__
assets.—_______
assets
Unadjusted
—
receivable
refund
be filed, however, namely 1936,
1937, and
1938, an agreement with the Treasury Department could not be reached
it has been necessary to file suit.
On
May
6, 1942, stockholders were advised that the company's
counsel, Morrison, Hohfeld, Foerster, Shuman & Clark, had filed two
876,883
.
_____
dividends
and
$635;
$1,469,173;
1938,
Sales
and
20,321
Miscellaneous accounts receivable.
1939.
year
that
104,977
froni agents and conductors
Balances due
185,176
250,000
.
__—
advance,
$1,655,292;
31,
Illinois Zinc Co.
Treasury Department and the company are in agreement
respect to the percentage of nontaxable dividends declared during
gested
$15,310,142 $15,528,401
j—
——w-:
in
Dec.
the
calendar
the
1941
1942
Cash
Thus
with
Assets—
since
60.255
365,197
Sheet, Dec
taxes—on
cit
39.745
362,960
$644,277
<•
..
Treasury
87.594
359,960
charges
over
,
S.
$162,059;
2,
100.000
12.406
i
U.
due within
Nov.
100.000
1938
1942
$374,859
inventories,
payable—trade, $212,570; Installments on mort¬
one year,
$182,400; accounts payable arising
1940, $6,935; employees' war bond deposits, $7,170;
property and payroll, $49,503; accrued expenses, $24,961;
payable
prior to
Taxable
None
banks,
Liabilities—Account
gage
Percentage
1937
in
$240,237;
(net), $2,345,402; goodwill, trade names, etc., $1;
prepaid expenses and deferred charges, $117,688;
other assets, $937;
total, $3,291,137.
None
$503,092
$531,861
and
receivable,
plant and equipment
Nontaxable
1939
income-
gross
/
hand
on
accounts
Percentage
1936
Total
Assets—Cash
$49,954;
be
8,711
income
{
,
Mattel,
Feb.
On
$494,382
8,430
C.
A.
1745
Balance Sheet, Dec, 31,
&
Telegraph
•'
Corp.—Annual
Report—Extracts from the report for 1942 follow:
Most of the subsidiaries of „the corporation operate
in foreign coun-
and current liabilities in foreign currencies are
dollars at rates of exchange in effect as at the
balance sheet date; other assets and liabilities in
foreign currencies
have
been
translated,
generally, into U. S. dollars at rates
which
into U.
translated
S.
U. S. dollar ■'equivalent at the time of record¬
Revenues and expenses in foreign currencies are
into U. S. dollars at the average rates of ex¬
change prevailing during the year, except
that the provisions for
depreciation and amortization of plant, property, equipment, intang¬
ibles, etc. are translated on the basis ol the U. S. dollar equivalents
of the related asset accounts at the beginning of the year.
;
their approximate
reflect
ing the transactions.
translated, generally,
The
major
of
part
sheet
assets reflected in the consolidated
translated into U. S. dollars from
fixed
the
made
is
of items
up
aggregating the equiv¬
equivalent of approx¬
imately $8,800,000 represents assets in foreign countries.
These assets
are
subject to the effect of foreign exchange fluctuations and to ex¬
change regulations and
restrictions applicable to the countries in
foreign currencies.
Of the total current assets
alent of $34,794,912 as of Dec. 31,
1942, the
—
Investments
in
and
in
and
receivable
subs,
advances to
Investments
1,392,677
713,448
charges.'—
and on hand in United States—
Deferred
7,720,856
8,051,921
8,889,285
13,473,705
hand in foreign countries
1,388,813
1.836,867
and
other
from
invest.,
miscell.
banks
Cash
in
Cash
in banks and
cash
Temporary
Raw
and
on
investments.
•_
assets
the capital and
The major portion of
located.
are
long-term liabilities and a substantial- amount of the
liabilities reflected in the consolidated and parent company
sheets are in U. S. dollars.
Since the corporation's source of
current
balance
the
of
is
available
to
largely dependent
of consolidated
statements
the
fluctuations and
exchange
foreign
The amounts contained
and surplus accounts which
subject to the effect of
income
currencies
foreign
from
translated
are
upon
available foreign currencies.
from
remittances
in
income
amount of cash currently
U. S. dollar obligations is
the ability of its foreign subsidiaries to make
foreign subsidiaries, the
the corporation to meet its
from
mainly
other regulations
exchange and
to
:
U.
the
3,213,552
13.672
9,770
Total
Net
-
436,509,303 421,511,705
—
Liabilities—
stock
Capital
—
Securities
Deferred
,—
subs,
of
consol.
liabilities
Notes
and
Other
notes
Other
deferred
and
payable
payable
—
of
public.52.467; 141
3,755,827
3,501,938
8,104,356
1,268,460
2,059,058
3,846,963
1,499,678
income;
by subs,
banks
to
—
———
payable-'————-
wages
in¬
statements
its subsidiaries which
are engaged
primarily in the operation of telephone properties in the
West
Indies
and South
America, and of certain of its subsidiaries
clude
only
wholly
business
in
engaged
of the parent company,
the accounts
do
not
Electric
Corp.
and
its
sidiaries
located
in
include
statements
phone
Co.
&
the
of
and
within
facility
Europe and
the
1,063,997
debentures
Accrued
of
the
to
— —
2,096,334
2,186,166
special
1,470,529
1,272,678
$201,030;
depreciation—
41,796,613
contingencies and surplus accounts 101,752,451
37,410,407
miscellaneous
98,244,996
$164,867;
*
Reserve
for
Reserve
for
Total
50 %
for
corporation
of
the
face
borrowed
of
notes
of
the
credit
corporation.
months
six
the
under
from
corporation
rate
est
31,
the
outstanding
although
1943,
1942.
of
Statement
debentures
and
debentures
extended for a period
debentures have been
no
Income,
Ended Dec. 81
Years
(Parent
Co.
Only)
•
$6,101;
from
notes
amortization
4Mato
payable
of
4as
August
31,
Dec.
on
1942
28,
1942
from
Profit
foreign
on
—„
$3,876,791
depr., etc., net
tax.,
exp.,
gen.
1940
319,927
$2,890,554
611,541
$3,749,330
760,425
$2,279,013
1,464
306,961
$2,280,477
$3,295,866
Net
from
Net
ry.
—
exchange,
net...
tured
4,578,202
4,849,339
of
serve
Board,
in
The
orders.
any
York
New
credit
by
order
the
to
provides
not
of
amount
to
up
later
to
$10,000,000
than
July
borrowings
$5,041,225
of
31,
and
notes
at
1943,
Balance
Sheet, Dec.
$2,568,862
agreement
it
the
lenders.
The
negotiations
credit
and
The
the
the
prevents
are
only
amount
of
its
by
Series
value
has
1941
been
utilized
and
the
of
subsidiary companies
during 1942
was
de Telefonos Limitada of
Peruana
cumulative
6Va %
preferred
stock
of
100
share and the borrowing by the Porto
Rico Telephone Co. of the balance of $250,000 of the $1,100,000 bank
credit
established in 1941.
The
borrowings under this bank credit,
reduced
now
in
dated
to
1943
4'/a %
gage
sold
par
$1,000,000
from
bonds
privately
amortization
and
tions
the
Payment
debentures
has
Co.
be
liqui¬
first
which
mort¬
have
been
and
licenses
in
and
possible
obtained
Executive
from
Orders
the
V.
and
S.
Regu-
fund on its Dutch guildei
July 1940 because the requisitb
sinking
since
Special
receivables
fixtures
deposits
Deferred
other
from
Depreciation—Depreciation
consolidated
of
provision
for
depreciation
for
in
1942
and
the
for
several
$6,964,273
the
provided
was
life
of
and
properties.
amortization
and
for
1942
years
1941
at straight-line rates
classes
for
based
The
amounted
for.
the
1942
year
the
$7,327,931
1941.
and
is
estimated
that
provision
no
is
such taxes.
The provision for Federal income tax in the
accompanying statement of consolidated income account is applicable
principally to the Cuban Telephone Co. which cannot join in the con¬
returns.
If
the
corporation
and
itr.
all
domestic
pursuant
ration
4y2%
of
to
excess
has
been
on
reserve
which
agreement
of
(deficit)
$2,420,000
to
the
and
the
corporation's
at
such
this
losses
balances
will
be
books
of
of
time
and
the
sufficient
to
as
result
a
make
any
accordingly
reserve,
Profit
gen.
exps.,
war
estimate
to
state
or
as
otherwise.
to
whether
and
the
Gross
15,588
Net
from
Net
ry.
3,176,934
earned
5,077,470
9,340,117
2,016
2,003
Treasury certificate of indebtedness——
1,000,000
banks and
S.
Accounts
and
and
hand
on
in
receivable
notes
United
hand in foreign
on
Total
Dec.
.
(net)
—r„
on
Accounts
profit
and
Accounts
payable
payable.——
wages
to
the
surplus
for
Capital
1940
66,996
214,410
$9,830,657
$7,582,425
$7,926,103
3,118,565
2.934,464
2,771,209
"$2,142,545
LOSS,
tir^ot€hTffr»50rnparaj ^ve
have
been made
$7,711,693
4,841,179
*$193,218
5,127,675
$27,219
purposes certain adjustments and reclassifica¬
in
the
1940
accounts
TeSon^ CoP y ^ the eXClUSi°n °f
as
previously
181,576
79,877
1271.
'
1,587,499
1,656,772
from
ry.
$7,670,148
$5,758,768
$4,538,354
$3, 777,770
2,768,582
1,883,497
1,491,339
961,218
1,302,389
1,021,611
901,245
394,948
21,196,751
15,363,0.97
12,729,922
H, 729,495
7,230.829
4,184,46.9
4,192,841
3, 138,975
3,290,613
1,796,464
2,535,318
1, 393,109
income
railway
railway—
,
income
oper.
157,
1560.
p.
Protit
all
after
$250,819
$254,194
$0.53
2.698,626
,*Earnings
—>
share
per
435.090 shares
*On
of
316,506,156
318,305,692
Gross
157,
1461.
p.
1943
1940
1941
$3,210,578
$2,540,347
$2,070,216
$1,864,80$
619,600
525,566
488,803
311,138
income—
152,179
97,907
87,951
railway.'—
.'9,088,957
6,942,553
5,824,580
railway——
from
ry.
1942
railway——'
railway———
1,337,715
1,269,245
income—.
2,836
39,398
from
Net
1460.
stock.- -V.
common
Long Island RR.- -Earnings—
Net
157, p.
585,244
310.682
$0.58
Net. income
March—
-V.
1942
$564,876
Federal and State income & excess profits taxes
35,190,331
1, 1936
——
1943
$836,062
but before taxes
charges,
62,939,433
3,720,163
contingencies
Co.—Earnings—
Quarters Ended March 31—
,
73,067
—
surplus
Total
1940
1941
1942
1943
railway.. 1—
railway-—
183,538
64,304.343
debt
deficit since Jan.
Earned
•
oper.
' .,*29,322
From Jan. 1—
Electric
Iowa
have
There
Co.—Redemption of Bonds—
N.
$46,000
been
called
first
of
Y.—V.
mortgage
157, p.
from
Gross
for
redemption as of June 1, 1943, a total
4% bonds, series A, due Jan. 1, 1961,
through operation of the sinking fund, at 100'A and interest.
Pay¬
ment will be made at the Harris Trust and Savings Bank, corporate
trustee, 115 West Monroe St., Chicago, 111., or at the option of the
holder
thereof, at the Bankers Trust Co.,
16 Wall St., New York,
of
1181.
Net
from
Net
ry.
oper.
*Deficit.—V.
Jones
&
Laughlin Steel Corp.
Quarters Ended March 31—
Total- earnings
stripping,
facilities,
Prov.
etc.
Louisville
furn.
for
Est,
profits
excess
641,745
1,513,948
308,586
1,581,813
526,494
6,398,050
5,420,000
2,952,610
$2,399,369
—
—
—
income—
oper.
from
$2,491,718
$4,160,507
Net
2,362,379
•
The
•. ••••••
2,175,400
-
822,309
- %
33,495,813
123,758,029
27,674,447
22,308,965
10,657.594
9,118,293
5,-398,002
.6,421,462
5,479,394
5,859,548
3,381,884
; v
call
to
"
Stock
York
New
amount of
for
'
4
,
Exchange has been
redemption
July
on
advised
1,
1943,
that
' '
,
this-company
principal
$5,000,000
its GVa'/fl extended unified mortgage bonds due Jan. 1,
accrued interest to the date of
redemption.—V.
1950,
157;
with
102 '/o
;4
1272......
p.
1,353,498
income
oper.
intends
$7,174,528
3.607,606
2,112,956
>
-'
•
■
1940
1941
$9,971,407
railway:——-
from
ry.
•at
'
1942
railway—50,478,477
To Call Bonds—
'
-
and
income
taxes
Nasjhville RR.- -Earnings
From January I-—-
190,262
1,942,411
412,814
—
—
ry.
*249,153
1272.
1943
.
relining rebldg., etc.
charges
prov.
for Federal
Net
Gross
733,235
57,640
railway— $18,351,402 $12,176,307
railway-—'—-;
8,482,695
4,415,278
from
r
1941
&
5,398,905
i
1,209,091
-
from
Net
emerg.
war
——
Interest
1942
$14,417,581 $12,028,736 $11,363,299
2,623,192
2,104,222
2,141,875
depletion
and
of
Amortiz.
Subs.)—Earnings-
(&
1943
157, p.
MarchGross
Net
*After
....
deducting all expenses incident to operations.—V. 157, p. 1559.
reported
the acc°unts ^ Shanghai
;
Louisville Transmission Corp.—Bonds Called—
(& Subs.)—Earnings—
Kingston Products Corp.
Net
sales
Cost
of
The
1942
1941
$2,526,615
$1,370,083
$1,093,979
at
1,708,146
98,344
1,142,777
80,987
949,829
76,851
of
the
of
$1,000 each.
$720,123
$146,319
460
39
$146,779
88,060
$67,338
-
and
expenses—
gen.
101.44'/i
of
bonds
profit ;
income
—
—
Net
Prov.
profit
for
before
Fed.
—
taxes
income
taxes
*624,916
(est.)-
profit
Earnings per
16,128
"■Includes
$58,719
$0.05
—$95,378
common
provision
$0.08
share—
renegotiation
possible
for
and
$51,210
$0.04
bonds
and
Federal
with
(less
(less
(less
credit
reserve
of
for
for
reserve
$47,888;
accrued
reserve
$968,763;
on
Govt,
on
hand, $1,224,276;
bonds,
for discounts,
$472,798;
$86,500)
depreciation
accounts receiv¬
claims and doubtful accounts of
amortization
$846,325;
$653,200),
of
payable,
stock
(par
surplus, $507,333;
on
$1,521,890;
income
accrued taxes and insur¬
provision), $1,056,-
(estimated
for post-war adjustments, $100,000; com¬
$1,061,600;
capital surplus,
$772,060;
earned
total, $5,112,662.—V.
156, p.
RM-1
to
The numbers
inclusive,
RM-352,
111.—V. 157, j). 555.
April 30—
fV
1943—Month—1942
203
1943—4
stores
income
MOs':—ISf2*
$4,788,010 $19,788,213
202 stores in April
last year.—V. 157, p. 1462.
1943
this
of
operated
company
compared
Subs.)—Earnings
1942
•
1941
$310,421
$312,162 W
$387,870
—„———
$16,718,631
year,
+$0.66
t$0.52
$0.52
*Atfer all charges, including provision for Federal income and ex¬
cess
profits taxes. - tOn 587,900 shares of. common stock; • including
Treasury shares.
$On 600,000 shares of capital stock.—V. 157, p. 818.
l
McKesson
Net
&
*After
before
1865.
.
Robbins, Inc.
(&
Subs.)—Earnings—
f M."
"
*$987,869
per
share————
common
interest,
and
after provision
$289,754
for
$0.38
Federal
post-war
•
1942
t$708,981
$0.54
—
of $3,367,013
credit.
tAfter interest,
of $1,698,000 for estimated Federal taxes;
applying
provision
^
1943
,
profit
Earnings
reserve
$1),
Nos.
are
Monroe Street, Chicago,
115 West
3 Months Ended March 31—
$93,118; Federal taxes
contingencies
>
1943,1 a
1,
June
be made at the Harris Trust & Savings
Earnings per share.————
total, $5,112,662.
Liabilities—Accounts
will
$5,631,516
*Net
U. S. Govt,
(including
equipment
patents at cost
$242,6201, $247,449; deferred charges,
of
redeemed
Quarters End. Mar. 31—
$1,197,152;
other assets
$108,010; property, plant and
inventories,
be
McGraw-IIill Publishing Co., Inc. ( &
excess
Sheet, March 31, 1943
cash
deposits and
interest
able—trade
Balance
to
Payment
Sales
profits taxes.
Consolidated
of
as
McCrory Stores Corp.—April Sales Increase 17.62%—
Period End.
The
Net
redemption
principal amount, plus accrued interest.
so
Bank, trustee,
Operating
Other
for
mortgage sinking fund bonds due March 1, 1967,
$67,299
171
$720,294
—
admin,
called
has
corporation
total of $352,000 of first
1943
goods sold
Selling,
mon
$7,515,429
4^569i547
127,964
oper.
Net
1,200,000
taxes
Reserve
120,799
163,810
35,190,331
on
1,200,000
134,060
long-term
on
1,503,338
106,070
subsidiaries—___
4Va& notes
Interest
Accrued
90,157,000
1,408,166
due
taxes,
and
after
Consolidated net
Lake Superior &
Gross
Net
Net
—
382,656
91,937
127,980,040
88,152,000
,
Installment
post-war
It
59,260
•
498.188
394,720
income.—
Lion Oil Refining
127,980,040
Long-term debt
Deferred liabilities
or
$9,771,397
foreign exchange, net
53,529
804.046
—
316,506.156 318,305,692
-
stock
from
from
ry.
railway
railway——
oper.
income
107,408'
Net from railway
*223,714
Net ry. oper. income—
*272,556
'Deficit.—V. 157, p. 1461.
from
railway——
1942
1943
$33,356
*89,646
*105,616
From Jan. 1—
Gross
profit for. first nine months of the company's fiscal
year
ended March 31, 1943 was $3,159,968 after interest, and after
provision of $8,272,735 for Federal taxes, before applying $685,039 post¬
Ishpeming RR.—Earnings—
"
March—
earnings
393,412
127,758
51,457
41,602
from
Net
38?210
79,565
—
——
$17,406),
31
1941
$133,232
46,148
20,377
From Jan. 1—
Liabilities—
661;
Ended
$185,691
74,073
30,987
832,510
income..
railway
from
Gross
—V.
ance,
Years
158,597
March—
3,661,798
States—
countries
banks
in
of
possible
not
or
$308,614
185.500
Lehigh Valley RR.—Earnings—
56,479
15,738
charges
in
Cash
Assets—Demand
$34,045,278 $29,414,244 $27,088 270
24,273,881
21,898,815
19,376 577
taxes, etc.__
Interest charges of parent
company
tions
the
1942
Net earnings
Charges of subsidiaries
Net
*
therefor.
.
Oper., sell.,
of
capital surplus
Gross earnings
Net
contingencies.
parent company.
To the extent
charges may be made for write-downs
Consolidated Income Account,
„
for
reserve
the
surplus,
be sustained
may
impossible
combined
debentures
Surplus—The combined total of the reserve for concapital surplus and earned surplus
(deficit)
aggregated
tingencies,
is
its
and
$95,774,511
extent
of
debentures
credited
Reserve
purchase
with the Export-Import Bank, the
corpo¬
and
$1,006,000 principal amount of its
respectively at a total cost of $1,912,525.
of $1,513,475 of principal over cost of debentures
reacquired
5 r/c
The
such
the
purchased
and
losses
Debentures—Including the
1940
1941
$348,503
p.
309,245
•
-
Cash
157,
1,473,852
subsidiaries
required to file separate returns, the provision for Federal income
taxes for 1942 would be increased by
approximately $220,000 but no
provision would be required for excess profits tax.
were
Purchase
Date
Year to
and
railway
oper.
62,099
required for
solidated
assets,
current
other
$627,170;
liability,
tax
railway:—.-
from
278,448
1
3 Months Ended March 31—
it
-
'
sub¬
on
Taxes—Corporation and several domestic subsidiaries intend to join
filing consolidated U. S. Federal income and excess profits tax
returns
accrued
$270;
railway—
oper.
ry.
consolidated
to
total,
1942
from
1,392,678
cos.
(net).
obtainable.
estimated
deferred
$540,000;
$8,349,724.
investments,
$4,707,000; grants in aid of construction,
and wages payable, $298,878; dividends ma¬
303,408,400
investments
and
Furniture
Profit
sidiaries
agents
S
305.421,208
subsidiaries
to
advances
and
in
Miscellaneous
Depreciation
companies.
continued to pay interest and
debentures subject to certain limita¬
applicable
interest
15-year
Corp.
franc
under
been
Telephone
Rico
insurance
contained
of
not
not
are
of
will
payment,
$1,500,000 of
of
Electric
Swiss
its
restrictions
amortization
an
Porto
group
a
on
by
proceeds
Standard
Department
lations.
licenses
the
of
to
International
Treasury
per
car
from
1943
from
Gross
—V.
$
in
Investments
of
consent
in the amount
increase
an
Compania
4 C"
credit
the
of
the
The
maturity.
financing by
of
soles
dividends except with
under way for
sale
and
shares
Peruvian
entire
now
other
issuance
30,000
payment of
extension
an
Telephone and Telegraph Corp.
on
$1,075; miscellaneous accounts payable, $1,549; unadjusted
$997,840;
corporate surplus, $1,709,840;
total, $8,349,724.
Net
provides for the payment of interest on this subordinated
corporation, provided that earnings are sufficient therefor
the
to
but
International
and
Earnings For March
(Parent Company Only)
31
1942
current
favor
cash
March—
$1,839,469
Assets—
Investments
the
under
account in
debt
of
borrowing
Subordinated
contracts.
principal
for
payable
notes
upon
war
are
to
agreement
time
one
secured
Regulation "V" of the Federal Re¬
finance the business of filling Government
pursuant
cash
From Jan. 1—
and
August 20, 1942 International
Telephone and Radio Manufacturing Corp. and Federal Telegraph Co.
(now
mer.ged under the name of Federal Telephone and Radio Corp.)
made an agreement providing for loans by a group of New York and
New Jersey
banks; guaranteed in part through the Federal Reserve
Bank
unpaid,.
credits,
5,135,335
$1,021,537
loss
Net
$1,200,000
Financing—On
Company
1942
31,
Dec.
liabilities
Gross
—„
.
and
accounts
$2,988,905
Dr 199
earnings—
gross
Capital
Subsidiary
$454,843
hand,
$368,205;
service balances receivable,
and conductors, $8,712;
receivable,
$53,379;
material
and
supplies,
dividends
receivable,
$3,085;
other current
traffic
receivable
temporary
audited
1941
five New York banks,
$200,000.
Sheet,
$6,858,780;
unadjusted debits, $43,960;
$3,556,665
Tot.
U.
connection
in
Balance
accounts'
interest-
$59;
$3,556,864
Total
-
.
agreement made
an
the
on
the
reduced
of
with this credit, the
holders of notes of the
in the aggregate amount of $14,200,000, reduced the inter¬
to
Export-Import Bank and
to
$3,242,000
credit has been
This
purchased since August 28,
Pursuant
for
and
March
of
amount
total cost of $1,836,969.
The deben¬
deposited as collateral for the funds
a
670
$478,338
—
Liabilities—Capital stock,
'
purchased pursuant thereto at
tures
so
purchased have been
589
Investments,
balances
net
$99,058;
421,511,705
436,509,303
1
sub¬
reimburse the
i
A
deposits,.$8,588;
assets,
Par East), of
to
-
General
Assets—Total
Net
of $1,621,000
extent
$455,513
income——
income
gross
—^
2,117,235
1,410,609
r
taxes
Credit—The
availed
was
$478,927
—
—
from
income
Net
2,135,202
subsidiaries.
German
Bank
$429,942
.25,571
:
rents——
income
Gross
Deductions
1,759,531
year
Accrued interest
$25,000,000 credit granted by the
Export-Import Bank of Washington, as reported in the annual report
for 3.941, to aid the corporation in the purchase of its 4VA#
and 5%
Export-Import
333,671
79,595
70,854
$453,987
24,941
operations
railway
Net railway operating
Non-operating income *.
—_
one
Standard
manufacturing
$914,062
727,536
277,219
93,549
—
Long-term debt and sink, fund installments due
and its subsidiaries, of the Spanish
Telephone Co., of the Shanghai Tele¬
Corp,
Mexican
the
of
consolidated
The
International
(principally
countries
Radio
of
Co..
Telephone
of
accounts
subsidiaries
various
in
Cable
American
St.ates.
United
the
the
$2,257,572
1,343,510
$1,552,291
-—
equipment
1942
financial
consolidated
Statements—The
A
1941
:
■
$3,386,413
1,834,122
:
revenues
accruals!
tax
of
Joint
dollars.
S.
Consolidated
from
revenues
Railway
52,531,759
to Int'l Stand. Elec. Corp.
and
accounts
hands
in
loans
by subs. cons,
Owing
127,980,040 127,980,040
90,157,000
88,152,000
—
debt
Long-term
1942
-
operating
3,106,669
4,106,709
railway
Railway operating expenses
Hire
are
amount of consolidated net in¬
come, before deducting interest charges of the corporation, should not
be understood to represent U. S. dollars actually received by or avail¬
able to the corporation.
The corporation (parent company) in 1942
and
1941 has reflected income from subsidiaries only to the
extent
received in U. S. dollars or available in currencies transferable into
Consequently,
restrictions.
and
Total
6,021,901
assets
current
Lehigh & Hudson River Ry.—Annual Report—7
Years Ended Dec. 31—
3,349,018
12,074,532
material, piece parts, work in progress, etc.
and maintenance materials, etc.—
pursuant to
into
shares
989,723
2,300,000
—__
(net)——
receivable
notes
Construction
Sundry
■
cos._
etc.—
receivables
Deferred
and
such
of
156,521,607
1,473,852
156,660,158
not cons.
issuance
with
1941
■
.
,
such
which
an agreement of merger of Plaskon Co.; Inc.,
Libbey-OwensrFord Glass Cor, making the total number
applied for 2,594,801.
In accordance with the merger,
holders of outstanding shares of Plaskon shall be entitled to receive
in exchange therefor three shares of the company for each one share
of Plaskon.—VA'157, p.- 1560. >
■
,
• ' — •'
of
31
Dec,
$ ' ;:v'v
.'AA'VC
$
Plant, property,, equipment, intangibles, etc..:— 235,227,252 229,485,021
Assets—
Accounts
balance
Sheet,
Balance
Consolidated
assets
Current
tries.
Monday, May 10, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1744
'
1940
1941
$167,194
48,220
28,091v.'r
243,205
*69,727
*127,830
$35,065
*51,043
*70,752,
95,411
*138,913
*198,914
post-war
on
*66,411
.
the
Mr.
'
•.
credit.; After
war
$25,750
*45,887
84,683
*133,414
over
p.
*195,472
Stock Exchange has authorized the listing of
additional common shares (voting) without par valae on official
York
the
29,475
notice
preferred
..
that
reported
March
stock dividends, and before
equivalent to $1.74 per share
were
31,
$155,380,438
for
1943
the
the
..
company's ,net
$183,286,426,
were
comparable
period
sales
an
the
of
nine
18';)
year.—V.
for
157,
increase
last
994.
Period End.
Sales
New
ended
for
earnings
stock.
McLellan Stores
•
Libbey-Owens-Ford Glass Co.—Listing, Etc.—
The
Murray
months
provision
These
credit.
common
—V.
April 30—
—_.1_
157, p.
1462.
Co.—April Sales Rise 28.4%—
1943—Month—1942
$2,980,402
$2,320,608
1943—3 Mos.—1942
$7,759,509
v
$5,988,978
Volume-157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
-
franchises, $41,769,229; other assets, $71,624;
Magma Copper Co.—Earnings3 Mos. End. Mar. 31—
Copper produced
Avge, net selling
per pound
°Avge.
11.7750C
11.7443c
11.7549c
8.7564c
7.0940c
7.6803C
$308,446
$373,756
$324,318
price |
See t
<
;
pound—--.ij
per
$283,211
mining opers. >
from
Other
8,697,013
(includ¬
income
16,987
13,437
20,198
3,496
ing railroad)
deferred
of
charges, $164,-
$43,540,791.
Liabilities—Notes
10,218,346
(lbs.).")
total,
1940
9,345,613
production!
net
'cost
Inc.
201;
1941
1942
1943
1245
$174,000 cf first mortgage and collateral trust 3 »/2% 20-year sinking;
bonds, due Feb. 1, 1956, at 102'A and interest.
Payment will
fund
be
payable—bank, $285,000; accounts
payable, $474,663; accrued liabilities: Salaries and wages, $60,314; taxes, $161,588;
interest, $82,617; other, $1,534; indebtedness to affiliates, $370; em¬
ployees'
deposits under- payroll allotment plan, per contra, $9,274;
long-term
debt,
$5,969,874;
deferred
liabilities,
$25,836;
reserves,
$1,274,500; prior preference 6%
cumulative stock
($100 par), $11,618,500; preferred 6% cumulative ($100 par), $4,986,850; second pre¬
ferred 6%, $4,673,700; common
($100 par), $10,647,400; earned sur¬
plus, $3,268,770; total, $43,540,791.—V. 157, p. 1560.
made
Missouri
stock
Capital
and
tax
Fed.
tax
(The)
inc.
profits tax.
excess
'The
silver
zinc
from
Net
which
York,
have
24,
them
taxes,
ry.
RR
—
the
at
The
The
the
for
revenues
thereon
did
year
theroad^hv 1942> yefc freight
those
meet
not
realized.,In the
1921-30
Aug.
*>:•
: *"/-* *♦ •*' - r
Account
126,
R.
—
"
Total
revenue
Total
696,261
Maint. of
——£17,405,965
I88^3ib
Net
•
Operating
1,244,836
$3,200,121
income
income-.
S
•'
451,547
$3,154,029
926,383
5,485,942
t755,712
4,685,942
——i
Special deposits
Loans
5,692,981
Miscell.
$6,879,501;
$6,231,449;
900,000
900,000
900,000
2,731,268
2,721,268
$1.68
$1.95
$2.47
Sheet, Dec.
short-term
receivables
(less
payable,
and
dividends receivable—,
and
Interest
current
Other
Deferred
assets——-.—
assets
3 Mos. End. Mar. 31—
1941
of
Net
S.
Treasury
obligations,
$56,834,681;
goodwill,
trade¬
accruals,
$14,394,582;
cur¬
5,021
for
income
1942
1941
1940
$3,322,487
$2,253,797
5,908,381
4,269,977
2,882,753
Prior
95,671
80,505
Grants
82,759
26,654
$729,780
$276,470
$63,077
(nct)_—
29,302
18,499
14,542
10,515
$395,266
$748,279
$291,012
$73,592
25,780
24,839
27,524
31,911
Fed.
etc
&
£260,000
'543,000
79,046
t$180,440
t$184,442
$33,181
excess
and
34
taxes.
tEquivalent
preferred stocks to
on
in
cents
profits
1941
on
after
cents in
16
quarterly
1943,
flncludes
stock,
common
for excess profits taxes,—V.
The
up
33
dividend
cents
$215,000
in
1942,
provision
157, p. 1182.
Unmatured
rents
Accrued
Other
——
fund
Profit
and
13,127
The
146,801
City,
108,240
156,
339,968
$750,000;
fund
reserve-r-insurrnce
registration
covering
1,
May
refunding
with
statement
$3,100,000
1963.
The
outstanding
the Securities
secured
bonds
issue
sinking
to
are
be
fund
sola
for
an
of
two
owns
long
on
pieces of improved
term
leases
net
to
real
F.
estate
W.
in New
Woolworth
York
Co.—V.
2040.
p.
1,628,844
11,795
to
York,
bids
N.
for
amount
an
not
8,208
1,532,227
New
Hanover Bank & Trust Co.,
Y.,
the
will
sale
sufficient
until
to
to
it
12
of
o'clock
5%
1560.
.
N.
A
(EWT)
noon
debentures
due
May
on
Feb.
1,
25
1945,
the sum of $192,355.16, at prices
of the debentures—V. 155, p. 1840,
-
1942
1941
Passenger
1940
$7,535,733
38,809
$6,024,334
38,340
$6,015,608
53,015
revenues—-.$7,574,541
!—
5,579,127
$6,068,624
5,065,439
416,000
$587,185
5,720
:
revenues
operating
revenues—
dividend
of
25
cents
share
recently declared on the com¬
mon stock, par $20, payable
May 1 to holders of record April 22. This
compares with 40 cents paid on Feb. 1, last.
Disbursements during
1942 were as follows: Feb. 2, May 1 and
Aug. 1, 40 cents each; and
Nov. 1, 80 cents.—V. 157, p. 476.
Market Street Railway—Earnings-**
Other
per
Total
gross
Operating
Taxes
inc. taxes)
425,500
$6,062,674
4,936,329
416,000
revenue.———
$1,569,914
$710,345
expenses —
(other than Fed.
operating
Gross
income
Total
income
Appropriation
Gross
on
of
Other
from
Net
ry.
Gross
income
from
$92,905
—i1/'/'-.241,535
249,302
270,319
14,997
14,763
14,927
and
exp
——
,
—
deductions
;
66,304
v
.
69,250 >
112
—
income
107
for
year
$754,478
—
from
Net
ry,
1,693
'$114,810
on
hand
Sheet, Dec.
and
demand
31,
payroll
war
304,752
102,968
savings
allotment
plan,
bonds
per
acouired
contra,
in
block
A
of
.
stock
was
domestic
its
subsidiary
Becker
the
last
net
earnings
the $7,500,000 debentures
for
group
G.
Lehman
during
and
will
be
&
Co.
Inc.,
Brothers,
$1,500,000;
The
Smith,
$750,000;
First
made
•
Boston
Barney
Co,,
&
& Co.,
$500,000;
Ladenburg, Thalmann & Co.,
Lynch, Pierce, Fenner & Beane, $500,000; Central
$400,000; Harris, Hall & Company (Inc.), $400,000; Lee
Corp. (Chicago), $215,000; The Wisconsin Co., Milwaukee,
$900,000.—V.
157, p.
1363.
1956,
has
at
called
for
collateral
100
Trust
and
of
Co.
redemption
trust
New
of July 1, 1943, all
bonds,
series
D,
due
will be made at the
as
mortgage
interest.
Payment
157, p.
York, trustee, 45 Wall St., New
York,
1272.
Mullins Mfg.
Corp.—Earnings—
1943
for
3,400,055
2,659,74(1
$996,343
prof, bef. prov. for deprec.
Provision
1941
$3,344,780
$1,521,372
$3,627,958
Cost of sales——
Gross
1942
$4,921,428
2,631,614
Gross sales, less returns, allowances
and trade discounts.—
depreciation
$685,034
98,731
183,094
157,694
316,466
$739,918
$1,021,812
19,861
19,684
15,835
$759,779
$1,041,496
$334,875
expense-
80,362
285,635
,
Other
bef.
oth.
inc.
income
Total
Other
&
other
exp._
i,
income
—!
expense
115,424
47,415
23,830
180,000
74,000
499,000
7,000
$172,095
$315,081
$230,044
$0.22
'$0.48
Est. prov. for normal Fed. inc. tax.)
Net
for
excess
credit
profits tax
'After
stock.
Cr45,287
;
per
share__
common
allowing
fOn
(
517,546)
(
-
profit.
'Earnings
•$319,035
only
quarterly
456,050 shares of
dividend
requirements
$0.33
preferred
on
stock.
common
•
v
Regular Preferred Dividend—
The
$1,248,345;
railroads,
with
3,256,395
properties
and
to
1
March
(see
2,077,900
1,112,043
465,442
holders
V.
$7
of
declared
record
Dividend
157,
the
cumulative
15.
A
arrearages
on
556».—V.
p.
regular
preferred
May
157,
p.
quarterly'dividend of $1.75
stock,
like
no
issue
value,
par
amount
this
payable
disbursed
was
cleared
were
on
in
up
1363.
Period End. April 30—
Sales
831,191
229,314
146,698
1943—Month—1942
1943—4 Mos.—1942
•
$7,010,258' $5,934,394 $24,139,809 $20,297,864
had 208 stores in operation in April of this year, com¬
pared with 207 in the same month last year.—V. 157, p. 1463.
The
company
Nashville Chattanooga &
March—
Gross
Net
from
Net
ry.
Gross
railway
from
ry.
railway
1940
$1,617,864
546,309
797,177
4
254,011
329,119
9,730,935
5,518,668
4,446,090
3,896,539
1,157,559
1,253,674
694,348
2,074,003
639,044
732,657
366,307
^
railway—_
oper,
157,
-Earnings—
1941
$1,981,159
465,206
income—
January 1—
from
'
1942
'
$3,504,059
1,480,876
railway——
oper.
From
St. Louis Ry.
1943
from
—
income
$1,255,121
206,174
98,714
3,688,701
1652.
p.
National Aviation Corp.—Earnings—
Income
Interest
Statement
income
income
8 Months Ended March 31»
for
1
1943
———_i!
—
$39,550
477
—
403,294
1,006,897
Total
$40,034
20,820
Profit
1943
oper.
have
the
on
last.
1,
Dividend
2,287,311;
1942
1941
$151,640
$113,331
$114,263
40,688
48,885
'1,978
27,087
24,726
'11,569
$19,214
Profit from
sales of
securities
(net).
45.588
$70,258
54,611
income
26,549
—
1940
Net
from
ry.
railway.—
322,746
297,996
203,332
179,305
104,012
112,761
27,059
89,507
railway—.—
oper.
432,485
66,358
66,575
'311
income
157,
p.
1272.
Total
iiimi
Estimated
r
Montreal
Called—
Light, Heat &
Net
Federal
normal
income tax
and
$64,801
surtax.
2,277
Power
*
Consolidated—Bonds
basis
of
$62,524
Profits
average
from
sales
of
securities
tax
purposes
the
cost
of
company
has called for redemption
as
of June
1,
1943,
a
total
been
is
carried
Federal
normal
securities
identified
The
have
determined
on
costs.
For
corporate purposes the cost of securities held is computed on
the basis of their average cost; on this basis the investment
portfolio
shows
unrealized
appreciation of $1,528,699 as at March 31,
1943.
For
•
income
Notes—(1)
the
(2i
materials
employees'
directors
share
June
Expenses
railway—
'Deficit.—V.
connection
$9,274;
A.
States
53,386
railway
from
Net
1942
deposits,
operations.
ago
From January 1—
'$265,810
supplies, $241,711; accounts and notes receivable, $33,282; accrued
and
rents receivable, $3,070;
indebtedness of affiliate, $53;
and
136,672
1,286,249
income—
interest
cash
$688,016
171.394
1272.
p.
from
Net
.
Balance
Assets—Cash
railway
March—
Gross
71,775
V
■"Loss.
and
railway
oper.
157,
Gross
Net
years
3 Mos. End. Mar. 31—
1940
$840,486
399,511
3,599,845
income
1941
$1,158,459
513,486
January 1—
from
ry.
—V.
1942
$1,348,837
500,000
$218,613
debt
disct.
15
and
company
outstanding
Net
387,164
railway—railway.—
oper.
Net
$592,905
500,000
———$1,077,426
—
interest
Other
$718,613
500,000
res—
continuous
and Kuhn, Loeb & Co.,
1,
—V.
Mississippi Central RR.—Earnings—
funded
debt
8,267
$1,577,426
for retirement:
income
Interest
Amort,
7,512
------—
—
1943
from
Net
Net
Other
of
some
Hallgarten
Net
From
Net
was
Minneapolis & St. Louis RR.—EarningsMarch—
■"i
bank
Merrill
Y.—V.
1,355,923
.
Calendar Years—
Exchange
term
(G. C.) Murphy Co.—April Sales—
trustee, 70 Broad¬
exhaust
exceed the redemption price
to
corporate
Metropolitan Storage Warehouse Co.—25-Cent Liv.—^
157, p.
and
15-year deben¬
$5,350,000
working capital.
years
corporation
its
1942
Central
receive
$63,392,646 $60,737,723
—V.
retire
to
(The) Mortbon Corp. of New York—Bonds Called—
per
rented
way,
2,117,718
2,341,115
:
of
company
The
6,527,529
2,163,253
~—
——'
loss—balance
be used
Co.,
Higginson
Metropolitan Playhouses, Inc.—Call for Tenders—
3.248.264
6,983,261
——
the
$750,000;
Republic
82.976
4,055,257
and surp.
and Siirp.
will
91,462
84,916
credits
mature
bonds.
2,009,944
——
—
—.———
Additions to property through income
Funded debt retired through income
Misc.
1,115,231
liabilities.——
liabilities
Unadjusted
259.978
accrued——r.
liability
tax
current
Deferred
37,356
27,748,100
19,580
accrued-——
100
underwriting
Est. prov.
approximately the
same amount of 5V2% bonds of the
corporation, due Jan. 1, 1946.
Upon the registration becoming effective, Laird, Bissell & Meeds,
and Spencer Trask & Co. expect to make a
public offering of these
1,052,126
unpaid———-~r
a
Commission
to
purpose
239,508
—
payable——————
interest
bonds
41,090
accounts
Unmatured
the
908,000
has filed
company
Exchange
4Vi %
107,275
Miscell.
Interest matured
and
37,356
bal.
435,735
through regular investment channels
first public financing in which Morrell has engaged in
follows:
as
Mercantile Properties, Inc.—Registers With SEC—
26,656,500
—
Audited
service
car
794,770
414,205
8,500
£$109,486
requirements
98.293
1,028,843
908,000
payable!.—
accounts and wages payable—
and
826,566
349,618
237,601
debentures
Shipping, sell, and admin.
State
taxes
'Includes
149,443
unmatured——i
debt
Traffic
997,155
292,911
year
Prof.
16,254
•
8,412
101,832
construction—————
of
aid
in
Funded
1,335,177
amounted to more than $188,000,000,
before interest and income taxes to $2,587,000.
79.622
56,069
$365,964
profit
Net
54,655
54,655
shares—
stock—9,080
preference
1,337,101
t
1
of
Sales
fiscal
2,084,444
166,605
676.242
The
stock—30,000
121,030
1,693,027
Proceeds
distributed
ment,
.
United
profit,
1,211,044
shares——i——. $12,000,000 $12,000,000
3,000,000
3.000,000
shares
stock—120,000
Preferred
220,638
1,011,916
these
the
was
June
102,998
Interest charges,
LiabilitiesCommon
153,663
1940
$410,960 '
acquired from holders
and did not represent financing on the part of the company.
The new debentures will have the benefit of a sinking fund which
provides
for $500,000 retirements in
1948
and
1949,
and $800,OOD
annually thereafter through 1956, these payments being calculated to
retire 88% of the issue by maturity.
The interest rate and redemption
prices are to be furnished by an amendment to the registration state¬
of
21,153
income
Prov.
$63,392,646 $60,737,723
——
116,364
1,789,282
increase
of
than
more
Corp.,
$4,677,253;
to
mark
its
at
$5,151,497
Total profit
125,034
960,842
———
356,639
income—-
1958.
sale
Post-war
Total
1941
$545,165
349,398
1272.
p.
due
which
for
1943
—
operating
Other
i
239,150
—
sales
Depletion
964,928
——
1942
$615,066
371,806
income—
oper.
157,
will
1942
31,
U.
reserve
$6,398,496
$1,164,773
Net
145,931
—•—
—:
—
Unadjusted debits..'
1943
$626,474
railway
railway..
$275,000;
777,776
—«
ry.
The
31
1,609,921
——
supplies
1,781,541
par>,
admin.,
450
receivable
accounts
Material
4,350,745
4,424,972
oper.
The
in market value of
inventories less reserves of $1,444,and accruals provided in prior years, no longer required.
shipping and
Depreciation
160,578
receiv. from agents and conductors
Net balance
7,067,288
7,167,196
selling,
receivable-,-
bills
and
10,503,535
11,883,670
(John) Morrell & Co.—Registers With SEC—
deducting post-war credit of $730,000, of which $500,000 was
by debt retirement.
tProvisIon of
$2,200,000
for
possible
sales,
750,750
—
r—r
—
25,523,946
income
1463,
The company on April 28 filed with
the Securities
Commission a registration statement covering $7,500,000
decline
Cost
197,345
Temporary cash Investments
ry.
tures,
1,943,763
.
common
on
2,589
940,235
remittances—_—
transit—agents
271,508
20,789,061
from
Net
—V.
800,000
—_
share
;V).81,720
Dec.
—
in
1(453,233
24,175,561
p.
$500,000;
$1,249,082
1942
-
Cash
2,756,930
32,273,517
January 1—
Gross from railway
Net from railway...
5,692,981
par),
$57,403,547 $56,43^,026
Cash
1,090,521
3,673,908
oper.
from
1,680,000
dividends
3,587
$1,689,134
Assets—
1940
$6,716,190
53,105,117
1,043,050
3,060,000
:
81,720
.
Dividend
,
1941
$8,412,966
2,387,861
2,330,000
*6,570,000
1,904,946
$1,774,441
applied to sinking and other res. funds
appropriations
—-———
1942
From
427,385
Mengel Co.—Earnings—
Net
1943
/
157,
$9,550,800; 6% cumulative preferred shares, second series ($100
$5,449,200; common shares (1,943,763 shares, no par), $16,818,815; paid-in, surplus, $10,167,279; earned surplus, $13,162,472; total,
$102,120,401.^—V, 157, p. 1462.
Dr497,640
—
Total
Income
ry.
rent sinking fund requirements and serial bond
maturities, $1,400,000;
funded debt, $23,500,000; reserve for possible future decline in market
value of inventories, $3,000,000; 6% cumulative preferred shares ($100
$2,702,482
634,771
——
operating
ry.
Other
Dr290,423
$3,039,819
$3,674,589
rents
Net
from
Net
8,416,031
tion
and
amortization of
$26,740,034),
marks, etc., $1; total, $102,120,401.
$4,444,957
1,900,148
Net
Net
—V.
7,988,646
—4,922,834
Liabilities—Accounts
—
' '"''-T
of
Cr2,158
2,309,318
income
'V--V
$
•.
11,262,546
doubtful accounts, etc.,
$597,991), $12,064,315;
merchandise inventories, $18,455,194; pre¬
paid insurance, supply inventories, etc., $1,425,260; post-war refund of
excess
profits tax, $230,000; fixed assets (less reserves for deprecia¬
15,350
$5,639,559
Railway tax accruals
•'
4,167,122
Assets—Cash,
—— -—
,
.V-'vV
1,940,000
reserve
reserves
cost,
510,279
$3,330,241
operating revenue
66,163
27,742
railway.
railway—
Net
539,779
taxes
Balance
144,550
_20,22O
519,664
-—-—
for investment—
81,409
35,868
■
from
Gross
11,802,325
dividends
288
5,017,448
operations
Transportation
78,877
$18,468,599 $11,643,862
railway
railway——
8,995,849
3,961,198
ry. oper. income
From January 1—
Gross
1940
750,290
profit tax
2,602,085
150,2ob
—
General expenses
12,832
286,897
26.500
from
from
Net
per
realized
$14'72£>4^9
1,993,948
3,110,802
-
»
Transportation
Miscellaneous
£.219,711
———-v.----—
'
-
1
——
331,777
46,619
Net
,
14,326,159
oper
—
Earnings
136,404
revenues
equipment—
Traffic
interest
1941
13,575,869
profit
'After
and structures
way
*>.-$
/
;
Preferred
— —
operating
of
with
Net
loans and
Net
future
Maint.
371,444
27,139
'
143,444
March—
893,325
excess
Inventory
$17'122-4£7
—-----
facility operating revenue
joint
cancellation
118,809,638 104,776,741 189,970,018
Common
Incidental
20,558
Missouri Pacific RR.—Earnings—
Co.—Earnings—
"
v
E.
income
145,980
718,741
—"IIIIIIIIIIII---—
revenue—.
■V;.; 17,745
\ i,'.
157, p. 1272.
Gross
1941
235,594
transportation
and
thereof
1942
income
Federal
$13,716,747 $12,438,972
2,452.4,5
1,140,541
.
Seei"""——
1940
$104,820
36,512
555,423
0
•1
1050.
p.
Profit
Total
surrender
amount
Interest
'•
♦
1942
TrS°h"aM°n reVenUe'
1941
$125,394
35,564
19,126
March—
present
'
after deprec.—
from
Total
Years
Calendar Years—
Other
principal
forthwith
may
1943.
...—
prof,
Federal
*
Calendar
for
sales
Profit
when gross revenues were much
C *. - *v
2f,"f
1,
bonds
for
company
full
Field &
'•'.'■'V.V#'&r.:Y:
Oper.
Income
to
such
Calendar Years—
Net
exceeding even the net in 1929
pany,
1942
$130,298
V
Income
oper.
'I '-".''. v*
v,r •.:v
57,737
income.,.
railway,,,,
railway
from
Royal Bank of Canada,
731,
p.
Monongahela Ry.- -Earnings-
shown in the 82d annual report.
and the fact that operating expenses during 1942 in¬
creased $1,484,904 and the Maine Central's tax bill increased $1,064,482 over 1941, the report shows that "net income, after fixed charges
amounted to $1,774,441 (and) is the best in the history of the com¬
hi£ChCr',»
trust
the
all
Largo
Marshall
is
Despite
of
of
of
Realty Corp. has advised the trustee that up to and
including June 1, 1943, the holder of any Marcy bond who has not
theretofore presented the same for stamping may subject his bond
to said
supplemental indenture by presenting the same to the trust
company for stamping and endorsement pursuant to said supplemental
this
it
period,
holders
office
payment
accrued
In the history of the road, as
largest volume of freight traffic
measured In ton miles, was carried by
The
Ry—Earnings—
1943
i%'
from
ry.
—V.
Annual Report—
The
at
$208,338
railway—.
railway—,
oper.
Net
Corp., it is announced, has deposited with The
Co. of New York, successor trustee, 30 Broad
Y., funds sufficient to pay in full all Marcy bonds
been subjected to the supplemental indenture dated
not
indenture.—V.
Maine Central
Arkansas
January 1—
Net
N.
1942.
against
1941.—V. 156, p. 1866.
profits tax in
Corp.), N. Y. City—To
Realty
Bonds—
Largo Realty
New
Nov.
Federal, social security taxes, depreciation and ad¬
ministrative expenses, but does not
include any allowance for mine
depletion, capital stock tax, or Federal income tax or excess profits tax.
tMetal
production report is omitted herein in accordance with the
regulations of the Office of Censorship,
tin 1941 and 1940 after
deducting estimated capital stock tax, Federal income tax, and excess
Arizona
(Largo
holders
Continental Bank & Trust
St.,
$341,306
$387,193
cost of producing copper is after deducting gold and
concentrate values, and includes all operating costs,
average
and
The
$266,594
Net Income—$208,407
Marcy
Redeem Unstamped
54,600)
7,450)
78,300
surtax—
&
:
from
Net
Gross
and
normal
Federal
of the
March—
Gross
£$341,306
£$387,193
$328,644
option
.
From
$286,707
the
at
Montreal or Toronto, Canada.—V. 157,
•' "iC •...(■':•••;•/' T:'• *'.
•!.
.•/!•.;•'..
in
'<■'•• •.•
certificates;
surtax
unrealized appreciation based on
on
the
estimated
tax
at
the
income
cost
tax
cost is $568,881.
of
and
After
deduction
of
this
Indicated
l3)
$1.27
surtax
held
amount,
securities
of
cost
of
March
31,
per share is after provision
Federal normal income tax and
based on tax cost of securities
estimated
for
appreciation
1943.
is necessary for
:v-./V'V? ""
provision
No
C.\"
Balance
'
Assets—Cash
savings
U.
in
$1,679,051;
Sheet
banks
and
notes,
prepaid and
$4,981,751;
of
As
March
hand,
on
:
charges,
deferred
$4,671;
profit
rents
{Net
Co.—Earnings-—
Fed.
Share Corp.—Asset Value—
$998,846
8,806
747,500
Cash
on
Marketable
of
$1, 169,500
$520,000
103,000
Other
cents
15
equivalent
254,864
$22.93
to
shares
the 360,000
share on
per
*
of out¬
This compares with a net asset value of $20.19
per share on Dec. 31, 1942.
Net assets on March 31, 1943, are after
deduction
of an
estimated allowance amounting to $93,000,
or 25.8
cents a share for taxes on unrealized appreciation in securities held.
The
31,
1943,
approximately as
Receivable
sold£>
Bonds
stocks
191,750
1,075,890
6,611,198
3,224,300
$6,573,078
241,905
Profit
161,250
797,373
71,300
obligations)—.
Govt,
a——.
.
Ended
sales
sale of
from
-
dividend
for
Reserves
Total
and
taxes
—
—_
Statement
Income
Months
Three
for
for
for
Interest
for
post-war
$60,941
$65,291
1,136
563
bonds
State
$75,630
$64,764
$66,427
normal
income
for
Fed., State
taxes——
other
.
Net
income
6,629
5,801
5,859
*1,512
,*3,587
4,454
Total
$54,548
$56,172
$64,523
685,430
762,992
764,408
800.020
$752,023
—
declared
plus
$817,541
$820,580
54,000
After
oil
54.000
f
,
of
basis
costs)
average
sales
on
trade
carried
1
;SV-
Atfcpfc
and
23,294
.7,156,060
fixtures--———1
:5,629,997
l
Securities
owned
Furniture
and
_
*
Total
-
*
—
Dividends
15
for
Reserve
taxes—
stock
-'Capital
—:
-
.
—J
—
Capital
4,500,000
5,025,291
—698,023
surplus
Surplus
income .■•—————
Profit
and
loss
secrir.
on
sold
'
Cylinder
(And
Gas
$7,791,653
V.
157,
Federal
net
•Earnings
income
and
income
Consolidated
net
$4,266,255
1,752,759
893,544
taxes—/J-——
—_
1,305,000
$447,759
—
share—-—
$0.34
$0.1^8
National
The
of
will
debentures
,
made
be
redemption
for
the
at
due
of
National Distillers Products
p—■
after
etc
income
___
L,
Note—Provision
ihree
for
ended
months
1940
$2,307,125
$1,267,495
$1,585,713
238,721
210.246
215.351
994,951
252.931
291.616
$2,235,007
$1,073,453
$1.09
!
2.045,451
established
1941
•
share.—
shares of
per
1942
$5,795,001
tax, etc..—
profit
Corp.—Earnings—
330,460
amort.,
On
fiscal
Co.,
1085.
157, p.
$8,360,468
deprec., etc.
Fed.
Net
&
total
Pay¬
interest.
Sachs
Goldman,
a
1943
Int.
•Earns,
and
1943,
Wholly-Owned Subsidiaries) —4
(And
3 Mos. End. Mar, 31—
Profit
1,
June
105
at
Y.—V.
N.
of
as
1960
office
agents, 30 Pine St., New York,
Called—
Corp.—Debentures
Products
has called
3'A'.'.
$566,000
ment
Dairy
company
Federal
March
excess
by the 1942 Revenue Act—V.
at
the
rates
Total
income
General
in
curities
and
of
auditing
stock
Capital
Net
1943.
of
(2)
$6.21
Dec.
regist.
amended
as
affect
from
interest
1,155
1,343
and
unrealized
2,702
$1,451,058;
on
Dec.
corporation
this
31,
compares
reports
net
On March
Balance
in
banks,
3,155
$72,898
investments
of
with
an
$94,641
on
unrealized
Sheet,
$200,010;
31,
March
an
quarterly
March
—
4 cents
series——3 cents
payments
in
S.
law
former
partner, the late
Corp, from its;,
predecessor and now subsidiary, Weirton
Corp.
Gibson
Oil Corp.,
and Galvez
and is
the
trustee or
a
Foundation.
re-elected
were
Howard
M.
Frank
W.
Blair,
George
M.
Hum-
are:
Ernest T.
and
Weir—v.
157,
Hanna,
•
556.
p.
E.
Walker,
the
office
Treasurer,
been
not
President,
has
also
held
by
previously
made
vacant
filled.—V.
157,
by
the
been
J.
Elected—
Chairman
elected
H.
HiLman,
death
recent
A.
C.
the
of
The
Jr.
of
•
position
Meyer,
has
National Tea
900.
p.
John
McKinlay,
of
man
the
Co.—Changes in Personnel—
President, will resume his former position as Chair¬
board,
and
Robert
V.
President of the company,
come
Hansen,
157,
of
Minneapolis,
Rasmussen,
Vice
it was announced
been
has
President,
will
be¬
Arthur;
President.—V.'
April 27.
on
appointed
Vice
1652,
p.
National
A
Transit
dividend
stock,
of
50
$12.50,
par
compares with
1942 —V.
Co.—To
cents
Pay 50-Cent Dividend—
share
per
payable June
15
has
156.
been
declareci
holders of
to
75 cents paid on Dec.
the
on
record
15, last, and
capital.
May 29.
This
50 cents on Jime. 15,
1868.
p,
Nanaimo-Duncan
All
made
on
of
the
July 2,
-
..A-
$5,330,964,
earnings,
to
statement
""
...
Net
sales
Cost
of
15 of
April
•
been
in
Halifax,
Canada,—V.
Vancouver,
Ltd.—Bonds Called—
for redemption
called
will
Victoria,
156,
5Va%
mortgage 30-year
Payment
be
made
Winnipeg,
series
Royal
A,
194?,
Bank
ofr
Montreal
Toronto,
1955.
p.
bonds,
of July 2.
as
The
at
or-j
.
,
Neisner Bros., Inc.—-April Sales Increase
April 30—
1943—Month—1942
Sales
—V.
157,
25.2%-^-y
1943—4 Mos.—1942
$2,540,229
$3,182,114
W
$10,140,929
$8,161,249
of
Selected
1463.
p.
Nevada
Northern
Ry.—Monthly
Report
Income and Balance Sheet Items—
Period Ended Feb. 28
Net
ry.
r
:
,
1
s
1943—Month—1942
$13,752
$12,275
$28,245
513
535
$14,265
income.
oper.
1943—2 Mos.—1942
$12,810
Other income
*
$24,817
..
1,116 iii
income
Total
deduct,
Misc.
from
avail,
Inc.
:
1,164
for
30
fixed
for,
$12,795
$29,361
$25,951
52
$14,265
,
leased
$25,981
15
inc.
charges
Rent
$29,361
103
103
52
roads—
or
greatly."
'£ *
' •*
and exps._
Inc.
after
in serial
fixed
chgs.
Balance
■V;Assets—
.
those
of
stocks,
Sheet
affiliated
bonds,
balance
Materials
Other
from
1943
agents and conduct
'
414,202
5,461
3,509
receivable——J—117,433
205.083
receivable.—!^——.——
dividends
and
assets—
•*
$821,783.
294,834
■
supplies
current
1942
>
than
accounts
and
10,647
20,043
companies——$767,518
receivable
Miscellaneous
$25,848
^
Items, Feb. 28
••-''•
other
etc.,
A————:
Cash
Net
11,483
22,272
'
--
in
$29,258
5,336
10,397
$14,213
—.
Federal income taxes.
Investments
$12,743
6,025
9,892
Depreciation
Interest
reduced by payment of $3,000,000
Income
•
Account
''
Total
1940
1941
.0.
Years
Calendar
for
1939
$
S
'
122,274
v
198,627
2,263
'•
2,440
%
178
-
current assets——
1,371,635
_
46,152,150
1,113,760
30,580,418
1,185,426
Total
Deprec.
income
and
Interest
•
22,036,766
273
.
car-service
and
Audited
tax
retired
47,265.910
31,765,844
23,437,469
12,521,431
8,496,454
7,360,943
6,856,916
1,720,208
1,740,000
1,753,125
Total
U.
S.
117,587
102,106
107,739
99,178
7,625,000
8,375,000
5,431,721
1,588,008
24,750,000
for Federal
11,450,000
2,045,974
refund
cess
Prov.
and
Net
of
17,102,350-
7,146,993
ry.
15,066,341
12,581,636
5,506,042
3,738,384
—
com.
stk.
per
$5,330,964
$9,955,357
$9,560,298
$8,843,252
outstdg.
2,205,667
*2,205,667
2,204.667
2,202,167
$5.41
$7.75
$G.83
$5.71
share
'•■Including 11,000 shares held in treasury—allocated to stock options.
in net profits of subsidiaries not
amounted to $20,705 for the year 1942.
taken
up,
I
31,412
income—
13,630
13.409
32,363
26,051"
166,516
173,846
174,467
168,730
84,974
86,636
80,354
88M66
41,875
38,226
52,122
61 766
consolidated,
not
railway.——!p.
$70,827
36,807
..
$62,089
35,464
1273.
New England
The
shares
Dec.
46th
report
shows
quoted
that
$5,517
Fund—Quarterly Report—
of
the
trustees
for
the
quarter
•
ended
March
31,
carrying securities at
market prices, were equivalent to $11.93 per share on 250,167.5
($1 par.) as of March 31, last, compared with $10.17 per share
31,
Net
gains
■
income.—
oper.
157,
1943,
Earnings
1940
4'
$61,534
25,439
oper.
from
—V,
2,000,000
6,598,903
paid
1941
$54,849
January 1—
■
;
from railway!—_
Net
11,929,867
profit
1942
railway--—
railway-"—--
from
ry.
42,438
and Year to Date
*
1943
from
Net
Net
contingencies
Dividends
41,952
:
March—
Gross
123|473'
taxes.—152,807
Earnings For March
Gross
ex¬
post-war adjusts.
127
$276,081
—
From
profits tax.——^ Cr2,075,000
for
165,911
liabilities::—$297,652
taxes
Net
excess
profits tax
Post-war
•
272
%.
2,289
Government
Other
/
33,750
etc.
taxes
disc.,
Federal
$1,713
108,058
194,759
liabilities-—
current
2,311,732
.
of bd.
for
payable.-—
payable.!--.
accounts
.
$1,638
.98,093
873
balances, Cr.._L___.
wages
liability—
current
Premiums on serial notes
Amort,
and
accounts
Miscellaneous
Other
$741,325
1,400,703
58,622,844
—
depletion-
charges
$625,252 ::
,
Liabilities—
Traffic
157,905,721 132,061,908
162,599.967 154,423,713 127,325,303 110,025,142
219,851,176 200,575,863
57,251,209
profit...
income
Slirs.
Government
have
interest.
Canada
this year,
was
$36,682,487,
——
sales
to
$4.17.
1864,
and
104
Utilities,
outstanding first
in
Note—Equity
U.
his
director of National Steel
a
of its
4 cents
Steel Corp.—Annual Report—
1942
'•
at
was
1913
investments
was
and
Barrel
H.
Period End.
Consolidated
value
asset
the asset value
31,
1929,
National Supply Co.—New Chairman
A.
at
—;
company's debt was
equivalent
$10,423,384,
which had
1942,
Steel
Sales
W.
holders
Series—
series
Surplus
assets of
in
director
as
Thorp, who
the
phrey, Thomas E. Millsop. Edmund W. Mudge, Carl N. Osborne, Murray
Corp.—Extra Divs.—
deprecia¬
1942.
share of the company's stock,
1942, of $5.20.
2.316
3.900
dividends
appreciation
and
|
of
remaining directors who
Maurice Falk, George R. Fink,
due
amounted
our
The
Prov.
—
1942
notes.
Prov.
:—!
The
Assets—Cash
22,528
legal
tax...————
$256,094
The
Unci:
$125,13.9
—
was
per
31,
i.
•
under Se-1
122,468
fees):——.—
tax
income
Notes—(1)
tion
1933,
taxes
Federal income
31,
with
connection
Act
1942
$2,671
$95,679
16,178
—;
.
in
of $20,000,000
Board, on April 27, announced the •
director of the corporation of ,Earl F. Reed, member of v
of Thorp, Bostwick, Reed and Armstrong, of Pittsburgh,
Chairman
The
f
94,290
•—
__
1
expenses
Expenses
Other
:
—
series)
(tax
notes
many
Addison
-
$1,389
dividends
Cash
$98.-
year,
Operating
1943
3 Months Ended March 31—
of
1941.
Co., since its incorporation in 1905.
Reed, who has been closely associated with National Steel Corp.
years, is
also a director of Peoples-Pittsburgh Trust Co.,
Mr.
for
1363.
p.
of
Other
Income—Interest
Steel
1941.
and depletion
1941.
/
'
succeeds
Reed
Accrued
157, p. 476.
National Investors Corp.—Quarterly Report
h
Mr.
157, p. 1363.
Research
distributions were made on April 26 to
high records
$1,078,746
profits taxes for the
been estimated
has
1943.
$804,318
$0.39
$0.53
{Includes excess profits tax.
and
income
31,
payable, pay rolls, and commissions, $1.gasoline and kerosene. $306,135;
and State taxes on income, esti¬
notes, tax series of $942,570), $39,525; re¬
<Sr
$0.53
stock,
common
a
firm
;y,Ay.v
taxes on
transferred to earned surplus.
$16.63 per share of stock, more
than three times the earnings per share, and equivalent to $1,741.15
for each of the company's 21,068 employees.
Largest item of taxation
was the $30,300,000 set
aside for Federal taxes on income.
Thjis was
net after deduction of a post-war refund credit of $2,075,000.
Taxes
increased $10,697,044 over 1941.
Total payrolls were more than 1.2%
greater than in the preceding
year.
The average wage per employee was $2,503.48.
"Although our war contracts are subject to renegotiation," Mr.
Weir said, "conferences have not proceeded to the point where any
prediction can be made as to the effect of such renegotiation on the
statement of
earnings.
We do not regard our earnings as excessive
in relation to our volume of business, and renegotiation should not
balance
1652.
tAdjusted.—V. 157, p.
as
law
Charles M.
of new products, and aggressive contmuance
Taxes
*
total, $20,215,635.
increased taxes and operating expenses restricted
earnings to $5.41 per share, Mr. Weir said.
Earnings for 1942, after all charges, including a reserve of $2,000,000 for
contingencies and post-war adjustments, amounted to $11,929,867,
as
compared with $17,102,350,
equal to $7.75 per share,
for
1941.
Dividends of $3
per
share were paid in 1942, and the
t$233.544
taxes
Weir,
election
paid to employees and in taxes paid to Government,
preceding
660,000
:
profits
excess
income
*On 1,335,701 shares issued.
;
$6,650,042
:
before
common
per
1942
1943
1
:
Consolidated
T.
Pa.
in
$770,447
amortization
Director—
New
the
Treasury
and
1942
other
production, sales and payrolls, in average
the devel¬
of the company's
construction program, are
recorded by E. T. Weir, Chairman, in a
letter to stockholders accompanying the company's 14th annual report.
Although the war's insatiable demand for steel pushed the company's
sales
revenues
to
a
total
of $219,851,175, a gain
of 10'A
over the
All-time
wages
Subsidiaries)
Domestic
3 Mos. Ended Mar. 31—
Sales
and
total, $20,215,635.—V,
Securities
of
record
For
Co.—Earnings—
Wholly-Owned
Treasury
International
opment
National
$760,215;
$1,837,250;
plant and equipment (less re¬
$12,073,163), $9,762,262: good
property,
deplet on,
Preferred stock series
Low-priced common stock
j
347.
p.
in
$4,069,061;
security in¬
accounts receivable (less
April 22:
National
On
763,541
$7,423,286
''Represented by 360,000 no par shares.—V. 157,
S.
E.
in
depreciation,
1942, $87,151,774 in
U.
$6
following extra
record
of
see
Total
{Less
$964,140
255,069,259 248,550,326
Federal
Securities
National
.
for
of
securities,
$131,811),
of
inventories,
notes
1942
1931- Dr2,948,933 Dr2,568,479
1,
of
$10,000,000
and
cumulative prior preferred stock (59,482 no par
8%
cumulative preferred
(par $100), $156,000;
stock
(499,110 no par shares), $9,982,200; scrip exchange¬
common
stock.
$1,689;
capital surplus,
$140,207;
earned
for
The
..
dividends
and
paid from security profits since Mar.
S.
National
17,300
4,500,000
5,025,291
17,400
—
U.
57,057,697
54.866,673.:
approxi¬
Federal
$4,461,150;
surplus, $2,942,018;
———
A-
:_!
able
$54,000
$54,000
77,505
—
but not received.:-
of
:
reserves
board,
SI*
Government
S.
to
—
deferred charges, $283,074;
Slates
38,372,031
.
=
payable April
and
$135,481;
$368,189;
common
$7,791,653
$7,423,286
Liabilities—
Payable for securities parch
iless
shares),
20,290
*
•
taxes,
serves,
6,727
75,470
interest
and
taxes
for
accounts
Federal and
mated
$2,134,638
accrued-!——
received
Dividends
$221,040;
Liabilities—Trade
1042
1041
$168,462
securities sold but not delivered—
Received for
$596,329
$0.40
that
Sheet, Dec.
reserve
miscellaneous
$8,847),
accrued
—
U.
(less
$180,019;
depreciation
':•
5,202.188
55,001,800
38,399,057
!
reserves
J.
31
banks—.:
in
on
$2,960,172;
$142,541;
of
for
Balance
accounts
will, trademarks, etc., $1;
the
securities sold,
(computed, on
loss
show
accounted
and
products
i'
683,041;
March
Sheet,
companies
the
of
refined
receivable,
reserves
1942.
Balance
Cash
profit
to
$1,984 in 1943 and $237,283 in
—
tin addition to the amount of taxes shown here¬
records
and
notes
serves
securities
of
...
governments.
vestment.
loss
net
25,000
tlncludes
Consolidated
provision for Federal income tax required.
Note—Realized
46,486
returns, allowances, discounts, and gaso¬
$9,000 for excess profits tax of con¬
freight,
taxes,
other
and
State
$810,543
$766,580
$763,541
$698,023
_
share—;
subsidiary:
statistical
in,
line
bal.,
31
———
deducting
and
9,468,351
surplus
055,465 in
300.000
$983,266
$1.23
surtax.—..
,
common
Assets—Cash,
54,000
——
income
March
•No
123,630
$955,000
35,000
and
tax
...
365,464
:
...
formation
:
income
taxes
$864,543
54,000
per
accounts
Surplus
—
wells
non-productive
and
v
,
$25)__.
(par
tLess
mately $5,800,000 were collected during the year 1942 on sales of gaso¬
from sur¬
income
property-—-
profit
solidated
5,580
$66,593
Surpl. inc., bal. Dec. 31_
Div.
*
line
&
——
—
contingencies—
&
sale of
due
.....
surplus
Earned
50,000.000 '
10,500,000
431,348
3,608,505
10,662,891
1,500,000
62,388,661
—
stock
Atlas
Net
$75,962
7,525
Total
Expenses
Prov.
17,376,417
16,789,170
4,238,551
3,783,607
779.0651
783,295
109,655 \
$411,384
400,596
265,000
—
—_ —
110,358
———i.—
—
—
off
50,490
$75,399
3,823
—
taxes—-.—..
adjusts.
or
leases
Earnings
•
income
Undeveloped
1940
4,037
income.—;.——
depreciation.:
charged
1941
159,602
48,222
depletion-.:
than
series
3%
mortgages
money
"Less
1942 '
1941
$25,069,145 $22,784,351
•'
sold-
retirement
on
Federal
1942
$71,593
-————■
on
other
Prov.
31
Mareh
Ended
1943
Dividends
Purchase
$25,276,969 $22,834,841
products
Provision
Taxes
$6,501,778
$8,254,864
—
—
.■■V"'
income
of
Cost
bonds
mtge.
1965
notes
Reserves
(& Subs.)—Annual Report—
Selling, general, and admin. exps.£
Loss
Balance
1943, $0.79 in 1942,
1
16,348,991
50,000,000
7,500,000
payable.-——
Capital
plant and equip, assets
other
Miscellaneous
14,282,084
3,782,393
12,381,450
1,500,000
(est.)
819.
i—
—
Provision
—
Total
Less:
157, p.
31—
Dec.
'255,069,259 248,550,326
—
income
on
Capital
profits: tax.
excess
National Refining Co.
Year
20,291
etc..
—
stocks
Common
1941.—V.
in
$0.97
•Net
$2,390,156
$8,496,770
(other than U. S.
23,295
$617,932
accrued,
-J
Total
Preferred
350,705
75,470
—— ———
receivable and interest
Dividends
Federal
1,
7
(
'
(collateral)
April
Total
$2,134,638
228,500
k;
6,727
$168,462
•
obligations--.,---.---.-.-.-.----.
securities
for
and
1942
1943
,
—
Government
S.
for
1941
—
—
——
—
liabilities
notes
Serial
as
Cash in banksTJ.
in
1,830,783
8,579,618
.
163,574,999 163,733,662
2,987,383
3,279,669
—
charges
Accrued
$470,625
$470,041
.
in 1943, $141,594 in 1942, $124,535
Note—Earnings per common share were $0.63 in
the corporation based on market quotations on
compared with March 31, 1942, were distributed
follows:
<
of
assets
total
March
$380,746
$300,890
———
After deducting $241,965
$225,000
:
A——:
2,803,306
8,562,420
:•
...
:
—
Liabilities—
Serial
C)"59,500
in 1941,
and $114,928
in 1940, provision for depreciation.
(Before other de¬
ductions and Federal income taxes.
{Including $858,500 in 1942 and
standing capital stock.
_!
assets
{Federal taxes
Fed.
profits tax
Net profit
share payable on
per
:
—
+Properties
Total
.1,525,000
15,253,842
35,705,000
• 25,000
17,167,233
-
-Ui.——.—
Investments
Deferred
39,147,972
!
receivable—
accounts
Inventories
in¬
of
certificates
S.
'i
and
First
of
31, 1943, after deducting the
April 15, amounted to $8,-
corporation at March
of the
Net assets
dividend
securities—U,
debtedness
Accounts payable
—...
1941
y.:
$
'
18,642,751
Assets—•
15.990
.
-Vy
Consolidated Balance i Sheet,-Dec. '51%v V
^
y
1942
A'-iC',..Avy, .S v.-.
hand arid on deposit.^.—20,800,946
:
$589,614
$1,551,917
1,670
normal
taxes
refund
excess
13,463
10,999
22,385
$1 011.275
for
$576,151
$987,847
,
12,315
5,955
profit
Prov.
Mar. 30, '40
Mar. 29, '41
$1,539,602
-Vr'V—-5-':V1::;V■ "v
deductions
income
Mar. 28, *42
$i;005,320
&
income-
Other
Post-war
National Bond &
etc.,
Apr. 3. '43
Gper.„'
from
divs.,
miscellaneous
total, $6,883,461.
$1,536;
for taxes,
reserve
$11,118; capital stock
($1 par—
total, $8,966,160.—V. 157, p. 732.
taxes,
$7,299,276;
3 Months Ended—
■"Net
Interest,
$6,027; capital stock
5
pan,
$2,386,373; paid-in surplus, $4,139,369;: 30,800 shares in
treasury
(at cost), Dr$243,127;
earned surplus since Jan.
1, 1938,
$590,147; total, $6,883.461.—V. 157, p. 1273!
Liabilities—Accruals,
$6,715;
for retirement,
capital stock repurchased
expenses,
surplus,
National Malleable & Steel Castings
Treasury bills,
U. S.
stocks, $8,578,295; divi-ii:
$8,996,160. ——A;, :
common
"Notes
1943
31,
$848,973;
in
receivable, $17,835;. total,
for
profits
excess
defense savings bonds, series G, $25,000; U. S. tax
series
C,
$25,000;
receivables,
$2,134;
investments,
S.
for
reserves
investments
interest
Liabilities—Due
'
$999,067;
$200,020;
and
dends
$959,817.
value of $17.54
net asset
V.
is
1943,
31,
securities,
at ,average
unrealized appreciation
net
the
at
unrealized
March
at
held
share
per
on
taxes.
v
Monday, May 10, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
1746
net
assets,
on
the
basis
of
1942.
income
and
and
for
the
quarter
ended
March
31,
1943.
exclusive
of
losses on sales of securities, was $27,976, after expenses of
provision of $950 for Federal normal and income tax and
Volume
Cash
surtax.
distributed
THE COMMERCIAL & FINANCIAL
Number 4175
157
dividends
balance
paid
during
as
of
March
Statement
of
Net
the
period
As
totaled
$35,802.
March
at
credit;
Assets—Cash
$16,391;
in
bank,
receivable
•market
for
prices),
$2,729,317;
beneficial
of
sold,
interest receivable,
sold,
$16,600;
owned
been
$3,044,243.
vision
for
Federal
securities
at
250,167'/a
■'i;
$5,885;
taxes,
quoted
market
net
assets
the
of
basis
shares), $2,983,906;
for
fied
of
in
one
equipment
Proceeds
the
of
Operating
of
trusts
will
issue
flat
70-ton
used
funds.—V.
157, p.
before
——
the
week
ended
Traffic
kwh,
for
the
corresponding
week
Miscellaneous
week is
30
114,214,000
at
a
above
production
ago,—V.
year
a
March
on
accumulations
paid
17
March
on
share
per
14, last year.—V.
153,
par
made
were
Net
1283.
p.
1942
operating
expenses--—
from
1941
1940
$3,359,932
5.006,368
2,764.840
Taxes
and
2,014,553
Rent
for
$2,849,032
1,020,834
388,368
Net
1,019,650
operation
joint
facility
401,399
281,241
Railway operating
income
$1,454,055
Income
333,923
345,956
390,097
rentals.
charges—————
over
General
$1,110,448
Sheet,
$1,108,099
!—_
—
—
Material
to
Other
current
Deferred
270,446
Material
26.637
341,760
—
—
$6,000,000
.
7,195,000
Long-term; debt
and
Audited
Interest,
118.426
balances—Cr—
1—
.
Total
t
liabilities—
,—
For
Earnings
Net
ry.
From
Gross
,142,920
4,886.030
$27,501,834 $21,565,536
—
Year
Net
ry.
1940
$262,088
174,251
93.408
public
92,779
89,827
114,900
41,875
—V.
ilway...—
3,402,934
1.990.029
1,091.609
771,022
railway——
1,919,981
1,017.086
490,504
265,991
income—
331.434
318.428
253,460
105,439
oper.
the
been
have
and
interest.
RR.- -To
3:% %
called
Redeem
secured sinking
for
Payment
,
Avenue,
Operating
redemption
will
Entire
Issue
fund bonds,
as
made
N.
of
at
be
York,
New
the
Y.—V.
net
income
the
1941
figure,
set
forth
W.
Da via,
in
as
due
30,
June
157,
of
35%.
with
1652.
in
5.9%
of
was
nearly
operations
at
stock,
series
36,057,771
for conversion:
preferred,
157,
stock,
22,650
1,450
1,450
%
A
200.724
200.724
I
ser.
1,076.660
1.083,810
_i_
—
127.309,200
132,999,200
payable..
car-service
and
balance—Cr
accrued———
2,443,603
1,550,863
1,586,152
21,752,539
2,677,056
—
liabilities._______i
941,251
% 807,733
2,858,578
2,642,299
29,111,863
25,713,483
266,236
265,678
—
——
—
1,773,583
1,675,449
46,971,381
38,845,848
306,085.085
loss———
284,819,769
——
—
representing capital stock in
the
to
2,495,656
the hands
date of merger,
at
company
April
of
11,
the
1923.
1652.
York
City
Omnibus
Corp.
Subs.)—Annual
(&
1942
revenues—Coach
and
lines
1941
$13,683,275 $12,279,872
miscellaneous
59,047
$13,742,322
$12,339,295
1.532,375
between
net
in
of
and
public
by
John
1,654,117
:
1,176,229
1,125,532
4,335,691
1,645,035
1,363,723
operating revenues- —$4,682,733
local and miscellaneous Federal taxes
1,883,410
Net
for
4
Net
_
—
—A————:.
the
preceding
$27,762,787,
income
tax——
from
scales,
of
$1,313,428
$8,690,571,
Net
income
$13,291,391
on
equipment
Interest
on
interest,
Provision
com¬
for
amortized
before
in
39,723
$2,107,083
monthly
1941.::%.
reduced its indebtedness by $7,879,858 during the 12 month
ended Dec. 31, last—approximately $2,500,000 being used
to
bank loan maturing in 1942, the remainder going toward re¬
tirement of bonds and debentures, maturing within the next few
years.
.The- company
has outstanding some $21,000,000 of first mortgage
Net
period
pay
purchase obligations
due
earnings
holders
bonds
and
to
of
holders,
meet
and
it
retirement
junior
these
of
five
is
bonds,
at
on
42,262
55,617
161,903
2,113
4,092
—_—
amortization
basis
of
of
"amount
recapture
installments"
that
view,
our
though
it
railroads,
"Our
.to
the
is
has
escaped
saddled
with
American
a
Davin,
report,
of
first
With
all
he
large
can
paid
to
mortgage
in cash,
burden
be
his
first
Debt"
of
to
and
see
its
stock¬
common
clear
way
'
"But
that
like
the
many
from
a
Nickel
other
Plate,
American
debt.
restored
larger
N,
to
sound
credit,
future, until this burden of debt is
.
:
and
to
contract
be
I
roads
he
adds,
reason¬
entered
having before them the warning that 37
bankruptcy in the thirties, "have determined
1, 1940 through Jan,
1,1941
60.00
Jan.
1, 1940 through Jan.
15, 1940 through Jan.
1. 1941
52.50
15,
1948—__
1,
3
Jan.
3
1947—
1,
4s,
1947-
15.1941
90.00
1, 1940 through Mar.
1,1941
60.00
1,1941
52.50
4s,
Jan.
4s,
1,
April
Y.
1, 1940 through Jan. 3:1, 1941
60.00
Jan.
1, 1940 through Jan.
1,1941
60.00
3
Jan.
1, 1940 through Jan.
1, 1941
60.00
Apr.
1, 1940 through Apr.
1,1941
60.00
—
1956
_
1,
—_
1955
freet
N.
Jan.
3
1955
free)
(tax
.
3
3
1,
free)
H.
&
H.
RR.:
1954
1,
Conn.)
\
'6s,
April
1.
Payments
3
1940
Apr,
to
made
be
1,1942 through Apr.
principal
and
payment of §45 per $1,000 on
'Bonds both registered and bearer form
Trust
when
Co.,
Wall
One
St.,
York
New
2G8.568
260,745
City,
collected.
Provision
made
pursuant to authority under court order dated.
April 7, 1943, for the payment of Interest to May 1, 1943, to holders of
record April 20, 1943, on the following obligations:
was*
Payable
at Irving Trust Co.,
deposits,
be
$1,643,557
$1,337,252
1,098,092
$1,469,334;
31,
amortized
investment
of
to
and
equipment,
recapture
the
City
of
contract
New
in
and
materials
etc.,
advances
Naugatuck
4s,
and
$128,687:
$16,370,319;
in
York
monthly
under
supplies,
special
amount
to
installments,
franchise
con¬
Eighth Avenue Coach Corp. (less amount of $341,431 amortized
$133,569; organization expense, etc., $296,573; deferred and
unadjusted items, $2,683; total, $25,954,525.
date,
Liabilities—Accounts
$814,582;
payable,
$234,194;
accrued
Federal
1,
(tax free)
May
1, 1943 $20,00
May
1
free)—_%•
(tax
1954
Citibank
Payable at
1
1, 1943
$20.00
Farmers Trust Co., New York—
Payments
be
to
made
fHousatonic RR.:
Nov.
"5s.
"Bonds
Bank
1,
both
.
,
1937—1
registered
Farmers Trust
and
Co.,
bearer
form
May
William St., New York
22
1, 1943
be presented
must
City,
$25.00
City
to
for stamping
of payment
when collected.
Coupons must be collected
banks
the
these
of
clusive
the
for
through
Checks
indicated.
bonds
tered
issues.—V.
&
be
the
banking
regular
mailed
to
holders
interest authorized
157,
Ontario
New York
will
payment of
p.
to
of
be
channels at
fully
regis¬
paid.
fEx-
16521
Western Ry.- -Earnings-
1943
1942
1941
1940
$572,133
$483,344
$405,698
railway-_____
$642,447
56,564
67,748
42,360
'39,994
income-—
5,420
*8.781
'34,706
*120,105
1,846,634
Net from railway—>
113,809
Net ry. oper..income—"-.
*94,021
'Deficit.—V. 157, p. 1464.
1,543,864
1,338.752
Mareh—
from
Gross
from
ry.
From
railway
oper.
January 1—•
from
Gross
railway——
105,250
47,817
1,216,817
'76,523
*88,725
'167,519
'293,284
York
&
Electric Light
Queens
Earnings—
&
Power
Co.—
.
1942
Calendar Years—
1940
1941
1939
Operating revenues—
of
Sales
electricity—. $28,811,079 $28,679,712 $27,542,901
Other oper.
Total
436,964
revenues-
oper.
revs.__
446,214
$26,616,220
501,868
476,050
$29,248,043 $29,125,926 $28,018,951 $27,118,088
Depreciation
2,650,000
2,650,000
2,300,000
6,286,511
5.368,179
4,775,222
15,812,002
2,300,000
4,403,117
$3,747,456
$4,617,718
5,793
4,882
$5,098,989
1,556
$4,602,969
3,423
$3,753,249
$4,622,600
$5,100,545
1,200,000
1,200,000
1,200,000
114,357
102,282
Operating
expenses
16,564,076
—
income
Operating
income
Gross
Int.
—
(net.i-i
revs,
long-term
on
+Other
debt.,
interest
16,490.029
15,844,740
$4,606,393
1,200,000
120,7)2
207,900
'
10,881
items—
income
Net
—_
$2,438,892
—
offs in
$3,320,318
.$3,779,833
$3,187,611
104.575
104,575
104;582
104,590
2,976,640
Common
3,409,784
3,410,352
3.411,482
and
1939
Federal income tax. + Amortization of debt
and miscellaneous deductions, including write¬
provision for
expense
of investment
in
Ne^' York World's Fair bonds of $147,674.
■tCharged to surplus on the books of the company.
Earnings
for
Operating
revenues
—
Three Months
the
Ended March 31
1943—3 Mos.—1942
Period End. Mar. 31—
$7,815,480
1943- 12 Mos.—1942
$8,163,915 $28,899,608 $29,518,232
16,462,415
Operating expenses —
Depreciation
3.974.677
706.000
711,000
2,645,000
2,744.000
Taxes
1,915,703
'1,591,963
6,610,250
'5,620,538
$1,219,100
$1,782,098
$3,184,458
$4,691,279
1.888
1,333
5,848
4,645
$1,220,988
$1,783,931
$3,190,306
$4,695,924
330.854
322,942
1.322,268
1,219,055
$890,134
$1,460,989
$1,868,038
$3,396,269
_—_
—
Operating
Other
income
income
accrued
State, local and miscellaneous Federal taxes,
accrued interest
(less deposit
for payment of interest due
1943, of $82,164), $3,889; equipment purchase obligations 2V*%
and 2V2% , $1,330,563: bonds assumed, $2,518,021;
reserves, $8,611,132;
capital stock ino par, 488,041 shares), $3,201,336; credit in respect of
4,078,854
16,459,900
Income
deductions
——
1,
to
be
amortized
on
capital surplus, $2,496,489;
—V.
1954
income
$200,649;
Jan.
1,
RR.:
May
to
tract of
taxes,
.
Payable'at Second National Bank, New Haven—
discount
municipal securities at cost,
G, $150,000; receivables, $73,127; inven¬
property
basis
on
payment
1942
marketable
Supply Corp. for the purchase of
insurance,
taxes,
licenses,
$1,127,049;
per
$1,000
RR.*.
1,098,082
prepaid
$5,575,890;
York:
Wall St., New
One
Dated
Y. N. H. & H.
N.
Dividends—Preferred.—
—_
$202,768; U. S. War Bonds, ser.
tory of gasoline,
oil, etc.,
$7,026;
Coach
90.00
1,1943
presented to Irving
for stamping of payments
be
must
in
Consolidated Balance Sheet, Dec.
$417,500;
1,1940
60.00
1, 1940 through Mar.
Mar.
Mar.
3
free)
Jan.
JMiscellaneous
——
:
Assets—Cash,
Motor
$67.50
'
———————
•,
;
amount
directors,
Jan.
—
1, 1940
1956
March
"Including
to
,
continues.
is
letter
dividends.
appreciate
not
in
"prudence
must
declaring
'reorganization,'
the
commitments
lifted."
The
Class
for
of
They must be
Mr.
tHe
reason,."
must
railroads
stable dividends
ably
large amount of
a
$21,000,000
management
before
immediate
stockholders
the
says
"Saddled
"That
apply
Because
maturity.
in
the
obligations
to
income
years.
embodied
dictate
required
debentures.
extended
than
also
circumstances,"
which
these
is
refunding
be
less
would
•sense
1947
not
can
within
"Under
to
in
3
3
1955
I,
March
Non-oper.
150,583
etc
Dividends
a
bonds
Jan.
'•"?
1, 1939 through Dec.
1, 1939 through Nov.
$1,819,609
bonds—
Other
Sl.OOO
$1,779,887
73,150
—
__—
Interest
and
244,037
$2,033,933
—
income
1,836,309
765,390
.
operations
income
Gross
increased
taxes
with
a
that
wage
increased
year.
compared
in
Per
paid
'Taxes
Federal
earnings
Other
be
to
Dec.
free)
4s,
3 '/as,
$3,860,232
.
transportation
expenses
Provision
revenues,
expenses
which
after
times
seven
operating
higher
retirements,
earnings
and
1942
operating
traffic
and
six
25.4%
1941;
greater
for
made
revenues.
of
as
■
.
State,
1041,
Plate,
Nickel
operating
and
.
59,424
The road
:
itax
Net
4,705,949
Traffic
.
York:
New
.
1.598.070
payable—:
wages
§13.196,000
of
2,400,000
liability-,—.
p.
District
Nov.
—H. R. & Pt. Ch., 4s, May
l4l-
22,650
.
A.*
series
6% cumulative prof.
grants
i
General
short
St.,
33.746,734
36,057,771
A__—
Depreciation
office,
over
$4,000,000
the
of
stockholders,
to
absorbed
$12,686,691
1942
1942
multiplied
accounted
for
taxes
preferred
Maintenance
;V
47%;
of
/
,
Wall
the
Coupons to be paid
*•/"
amortization
with
$8,690,571,
report
which
because
1941.
1
284,819,769
33,746.734
l
_
interest
Advertising
April
1943,
company's
p.
increase
■>"'
taxes,
compared
of
the
up
annual
and
year,
pared
taxes
sum
its
depreciation,
over
after
President.
;•?> Skyrocketed
single
of* $88,742,412,? an
revenues
and
July
New
outstanding
Lexington
some
1,620,091
Report—
New York, Chicago & St. Louis RR.—Annual Report
,
272,373
3,316,402
Bonds—
of
1946,
466
;
269,248
contributed
Total
.101
5,995,434
17,853,214
Calendar Years—
Central
One
for
after May 8 for the pay¬
the issues shown below, to
fN. Y. N. H. & II. RR.:
9.886,861
18,084,192
.
—
liabilities
Operating
•'33/4%
4s,
Net
1273.
York
New
upon
•
Co.,
Court
and
on
3
—
Street, New Haven,
1,963.921
tax
New
RR.—Interest
(tax free)
3
Apr.
1, 1940 through Apr.
1,1941
52.50
(Scrip certificates must be forwarded direct to treasurer, 71 Meadow
$
2,700,728
accounts
'Includes
157,
3
1956
31'iiS, Jan.
1941
3.281,670
bills
and
tax.—V.
RR.:
246,655,782 241,344,244
unmatured—
Total
1941
$385,924
ra
District
and
28:
1967
1,
3%2s, April
3,191,258
on
and
'Profit
1942
157, p.
All
$1,698,796.
physical
Date
to
of
81
January 1—
from
1.
equipment property.
Additions to property through income &
surplus
Funded debt retired through income & surplus-
410,851
income
Dee.
1942
Unadjusted credits
$788,243
from
Net
—V.
and
1943
oper.
Sheet,
—
and
Deferred
674.640
railway
railway
depreciation
Balance
assets
Other: current
1,596,741
142,920
1.
May
$3,192,952
supplies
debt
Accrued
$1,201,545
from
from
Net
2,198,801
.
Jan.
$3,512,157
of
306,085,085
Unmatured
10,126
.
5,992,179
—
March
March-Gross
retirements
6,691,348
slock
Audited
35,367
8,408
S.
available
periods
4'as, 1st & ref.,
98,672
6.378.416
cumulative
Traffic
26,823,.
99,136
!_
—————
———
—
and
property, miscel.
Common
Loans
726,598
—
:
_
loss—balance————
■
98,163
608.213
Governmental
161,887
4,327,823
U.
of
be
the
April
& H.
$3,610,829
assets
Premium
profits
1954
—
Funded
3,277
26,823
——
and
156,734
161,887
—
—
Unadjusted credits
Special appropriations for additions to property
Profit
352,313
3,780
H.
4s, July 1,
20,791,459
cumulative
6%
153,291
524,388
251,076
—_
unpaid
liabilities
118.426
•
451,185
payable—
payable———
liability-———-.
current
'Deferred
construction-—
unpaid———————
matured
tax
of
wages
payable Jan.
Accrued
Other
and
accounts
matured
Dividends
aid
service
accounts
Miscellaneous
Interest
in
grants
car
N.
7.030,325
—
Stock liability
—
Governmental
Traffic
excess
Liabilities—
$6,000,000
7,195,000
.
Y.
6,870,870
flncludes
——————
for
Ry.:
——
and
Total
6%
stock
etc.
current
Common
'Liabilities—
Common
and
leased
Unadjusted debits
9,707
247,981
* $27,501,834 $21,565,536
;
road
$19,680
made
Haven and Hartford
at Irving Trust
Consdlidated
$8,592,438 $12,588,529
1941.
will
lor
record
oi
(tax
Condensed
been
'4,
authority
funds
-3,532
deposits
Deferred
33,896
-
—
Total
■
in
$90,460
'
186,398
$
in
to
interest
3,532
depreciation
—_
Other
1,793
711,697
_•
debits
Cash
Special
501,815
430,780
assets—
assets
Unadjusted
•
$1,874,946
has
New
3,532
•;
347,578
,$110,728
Coupons
N.
$10,831,084
98.134
______
$367,258
406,037
»
472,149
_,
amortization,
property,
70,455
—
of
(tax
Investments in
166,165
1,359,287
——
receivable—
York,
Payable
other
&
,$496,497
432,383
——————————
$8,690,571 $12,686,691
sinking
554,450
*
,
Pursuant
ment
1,866,530
404,203
—,—
1941
$921,708
686,443
■
deduction
Connecticut,
$8,492,405
1,780,450
equip
Investments
150,331
receivable.—
supplies
dividends
—
1942
$1,182,940
$543,111
5,830,455
balance
Investment
1,282,311
165,667
—
accounts
and
and
1941
1,686,806
Balances due from agents and conductors-.
Interest
$17,568,115
$14,711,934 $19,752,768
187,376
191.675
_
—
1943
$69,592
______
Dated
$13,222,981
Assets—
2,507,901
—
income
4s.
—
Co.—Earnings—
$1,212,702
6s,
applied
and
'' 335,808
—
New
$311,055
$20,111,916 $18,990,018
—-
Temporary cash investments
Special deposits
$12,107,415
401,894
,
income
1942
784,802
Payments Authorized—
Dr5,688,496 Dr3,641,629 Dr3,158,961
Dr532,879
Dr468.681
J9r45b,048
;
deductions
funds
in
508,495
3,204,569
$19,444,356 $21,678,426
debt
'Includes
373,170
1273.
p.
15,311,983
3,579,564
31
Dec,
1942
-
Miscellaneous
22,827,546
'
Balance
Assets—
>
Investments
Cash
Net
1,455,298
:■
1,087,059
Income
$701,153
income—
1273.
p.
(tax
25,383
439,264
Net revenues
$31,111,419
___
Comparative
%
$46,470,511 $34,961,299
42,271,902
25,257,990
$675,770
27,256
$1,444,372
.
$1,426,799
30,405
and
12,689
$1,345,379
$1,413,966
income
Interest
37,130
1,448,366
,
reserve
Other
33,653
1,521,865
12,096
—
leased roads and
on
Income
rents
51,946
income—
oper.
income
Total
$6,845,029
—1
Equipment
exps
—
Miscellaneous
4,411,414
revenue
16,157,913
income
Interest
Net
;1,474,960
—
revenue
income
624,061
812,384
Taxes, interest, etc.
f7,339,815
18,882,948
1,726,286
accruals
tax
1,052.071
490,539
oper.
157,
holders
operating
railway
Other
$5,613,872
—
7,790,544
1,567,299
,
v.;.-.
706,256
275,682
810,426
on
$11,851,397
revenues.—'.,,
operating
325,486
152,194
25,543,714
-
Operating income
Equipment rents—net
Joint facility
rents—net
RR.—Earnings-
Calendar Years—
•
$46,423,402
4,685,586'
10,597,044
136,529
101,717
■
•
631,326
New York Dock
75,418
_______
operations
operating
Dividend
New Orleans & Northeastern
Gross
86,455
_
Total
on
cumulative preferred stock,
Similar distributions
27.
and Dec.
14
dividend of $1.62Va
a
the 6%%
on
$100, to holders of record Feb.
Total
structures
303,307
810,055
141,365
903,983
of
157,
New Method Laundry Co.—Accrued Dividend—
this issue
&
Transportation for invest.—credit
ft.,
cu.
railway
$208,794
•
301,053
274,979
*
,
Expenses
319,917
•
—•
Transportation
Net
of
ry.
270,380
Revenues
$88,742,412 $60,219,289
6,984,22*2
5,269,425
revenues—:.—
General
for the April
company
Net
$391,149
1940
railway.—_
from
1940
314,379
equipment—'
Association reports electric out¬
increase of 693,562 kwh., or 6.37%
an
10,890,732
from
Net
$44,249,823
87,815
of
Railway
The
Gross
—V.
$264,552
158,771
From January 1—.
Note—No
operating
income.—
oper.
1941
3 Mos. End. Mar. 31—
1941
870,739
way
1652.
account
from
ry.
<
<
1942
railway——
$222,107
railway119,262
(Including New York Dock Trade Facilities Corp.)
231.563
—
of
this
This is
of
reported
an
increase
of
10,107,000
cu.
ft.,
or
9.71%
104,107,000 cu. ft. in the corresponding week
p.
Net
the
on
1943
from
Net
for Calendar Years
;
_
"'Maintenance
& Electric Association—Output—
April 30,
11,584,294 kwh.
production
year ago.
::
Gas output
■■':;.
Connecting RR.—Earnings—
March—
Gross
1652.
New England Gas
For
paid
$85,195,311 $57,860,663
2,042,606
906,906
——
—
.
Total
put of
be
can
1942
"Maintenance
.above
dividends
any
Miscellaneous—freight
Miscellaneous—passenger
v
not
have
:
Approximately $25,000,000 of unpaid
preferred stock and must be satis¬
%v
Express
...
bonds
%
::4 4.
the
on
.
.
Mail
to
Mohawk
25
does
says,
paid until the
earnings,
combined with an improve¬
rating, for example, might provide the
balance, and Justification for earlier con¬
payments.
revenues:
.
1943.
be
and
cars
be
can
lrork
New
coupon
credit
the
another
or
high
of
out
accumulated
way
Freight
Passenger
,
whose
earnings.
General Income Account
purchase 700 70-ton gondola
type freight locomotives.
The total cost of the equipment is $7,175,000, but the difference above
the amount of the certificates to be issued will be paid out of current
200
established
stock,"
common
company on May 3 applied to the Interstate Commerce Commis¬
for authority to assume obligation and liability of not exceeding
cars,
of
with
dividend
have
New York Central RR.—Plans Equipment Issue—
$5,300,000
is
dividends
no
out
railroad's
dealing
dividends
for
The
■
sion
full
reduction
the
sideration
carrying
equivalent to $11.93 per share
total, $3,044,243.—V. 157, p. 732.
prices,
in
basis
shares of
$2,388; pro¬
for
expenses,
ton
in
partial
ment
payable
that
mean
retired
"A
Liabilities—Payable for investments, $42,154;
beneficial interest repurchased. $9,910: accrued
credit
par."
quoted
(.at
1747
objective the reestablishment of the Nickel Plate's
railroad's
policy of "debt reduction before dividends," he
necessarily*
interest
securities
$28,494;
total,
and
dividends
$253,440;
shares
for
investments
first
no
selling below
are
This
receivable
their
and
bonds
i!)4U
31,
make
to
Un¬
aggregated $68,053.
1943,
31,
Assets
CHRONICLE
157,
p.
1652
basis of recapture of contract, $5,575,890;
earned surplus, $967,780; total, $25,954,525.
Net
Divs.
income
declared
Balance
♦
——
on
preferred
available
RorUiQ'iifiprt
stock——
for divs.
on
common
—
stock
104,575
104.575
$1,763,463
$3,291,694
Monday, May 10, 1943
'1748
Balance
Assets—
Utility plant
Capital stock expense...
Other physical property
in
Investment
Other
stk.
cap.
Sheet,
1
!
of
company____
assoc.
_______
receivable
from
Receivables
Materials
and
cos.————
assoc.
supplies
—________—
deposits and funds___
insurance, rents, etc.____
Special
Prepaid
debits
Deferred
2,637,612
21,883
1,593,347
—,
,
•Net
charges
for Federal income taxes, including
tAfter post-war refund of excess profits taxes. 1
profits tax.
Gross
Customers deposits
1
___________
accrued
Interest
.,
credits
Lteserve
——-
_________—
Electric
6,792,288
551,794
664,693
77,776
week
2,091,500
21,308,122
26,314,946
16di..
156, p.
■
ended
May
from
ry.
_
Taxes
Other
Interest
on
Interest
on
long
$801,818
41,491
979,370
979.370
127,162
199,701
companies
associated
advances from
interest,
bonds
Net
35,023
35.085
250,000
200,000
$103,245
of
or
income
*$570,847
♦Loss,
666.406
*471,253
1,823,400
$1,283,440
$1,423,064
$1,321,212
$864,580
revenues
___
—
$4,786,779 $12,001,786
$5,745,655
expenses
3,405.803
Taxes
income
Operating
income
Other
_
7,952
11,679
30,237
$1,434,743
$1,351,443
293,184
____
293,163
1,141,576
$1,141,580
$209,873
Approp.
its
307,608
41,902
*51,665
*158,409
tLoss.
■
250,000
200,000
t$40,127
1942
1941
Other
physical
as
deposit the necessary cash with The New
the bonds are traded at a flat price,
that
accepted
are
as
Receivable
associated
from
revenues—
Sell.,
and
profit
12
140,231,538
104,714,960
7,705,196
debentures
167,292
315
628.250
48,644
188,750
1,427,401
1,214,109
813,698
745,179
38,082
251,133
53,902
Other
925,848
827,532
157,073
86,085
retired
77,563
and losses.
100,824
398,634
100,673
303,266
22,946,797
9,293,769
______—1
655,816
743,018
598,320
462,893
37,500
49,000
36,603
23,727,315
9,941,089
Cash
profit
income
income
tPast
to
Payments
Employes provident
of
utility
of
or
A
dividend series
$6
Common
175,595
stock
(no
(no par
(no
par
par
50,000
33,078
33,078
shares).
3,943,800
3,943,800
39,438
58,070
360,000
shares)
44.
5,569,280
5,569,280
—
13,320,000
shares)'—
1,000,000
13,320,000
tirement
norm.
Federal
exc.
State
&
100,672
$65,125,527 $63,769,625
The interest
due May 1,
bonds,
5%
bold
the
company,
due
May
Paterson,
5,635,475
taxes.
inc.
38,343
9,555,472
2,661,204
1,92~6~555
2,627,584
28,364
outst.
shares
7,160,700
The
(2)
of
stock
is
for
$411,480
surtax)
694,835
to
companies
but
owned,
Products, Inc.,
V. 157, p. 477.
referred
periods
previous
and
current
proportion of earnings
(whether declared
in which more than 50% of the voting
company's
those
1942
$446,656
507,085
1943
taxes (less post-war refund)
profits
net
include
not)
or
dividends received from Fibreboard
of the voting stock is owned.—
the
only
which exactly 50%
in
i
Rust-Proof
Co.
Offering — Baker,
Weeks & Harden made a special offering on the New
York Stock Exchange May 4 of 4,200 shares of common
stock
Special
—
(par $2.50) at $17^ per share, with dealer's com¬
Bids were received for 8,655 shares
mission of 50 cents.
and
the
allotment
Nov
48.5%
was
with
30
purchases by 18
Western RR.—Interest—
76*501
declared
155,
stock dividend on the $5 par
holders of record April 20.
Semi¬
each were made on May 1 and
22.2%
a
to
1
35
cents
55.
p.
Valley Crude Oil Corp.—Earnings—
1943
9 Months Ended March 31—
Total
Net
Net
J
revenues
Total expense
profit
to
loss
Net
$173,787
180,221
208,330
$1,164
*$34,542
2,277
IJ:
corporation,
to
Indian
;■
^
profit
______
period——
for
;
v
$1,164
"■
In
$29,713;
U.
banks,
oil
$51,029;
securities,
Govt,
S.
"
*$36,819
'■
.
*n;
notes
receivable.
inventory, $4,443;
and
accounts
$20,000;
'
J 943
oil
crude
equipment (less depreciation reserve of $132,1201,
(less depletion reserve^ of $688,492), $266,013;
buildings and
$235,490;
'
^
Balance Sheet, March 31,
Assets—Cash
<
-
Drilling Corp._
consolidated
'/; *LOSS.
1942
;
———$181,385
—
__
reserves
total, $610,456.
$3,769;
Liabilities—Notes
payable, $13,000: accounts payable, $2,288; accrued
596;
9,513,649
7,297,003
8,884,066
2,661,204
2,661,204
2,661,204
stock
(class A, 109,266 shares), $655,shares), $2,706; capital surplus,
capital stock
B, 270,595
$4,443;
Income,
capital
(class
total, $610,456.—V. 157,
surplus, def.$420,717;
earned
p.
644,
35s 45 2
ance
$3.59
share
per
company
contract.
Robert
here,
National
in
12 Mos. End. Mar. 31—
revenues—
Prov.
£
—
——-
retirements.*.
for
income
and
President
was
is
He
Harold
also
a
Clark
B,
directors.
of
member
the
of
of
White,
Weld
&
Co,
-
...
Chairman
of
board of the Riggs
Bankers Association
the
American
the
board
of
the Capital
Transit
Co., Chesapeake '& Potomac Telephone Co., Metropolitan Life Insurance
Co.
of
Stock
New
York,
Electric
Potomac
Exchange.—V.
Power
Co.
and
the
York
New
1465.
157,/p.
Pennsylvania-Dixie
$9,283,024
$9,206,406
302,199
279,335
264,962
260,189
$9,180,531
$9,121,672
$9,547,986
$9,466,595
(net)
1943:
Subs.)—Earns.
(&
1941
1940
$10,256,677
$8,938,119
$6,180,932
'
8,300,373
7,336,902
6,019,336
4,949,104
preciation
' '513,284
498,797
461,360
472,108
Profit from operations
$2,645,999
$2,420,978
$1,557,423
$759,720
and allowances
1943
U. 1942
1941
1940
$54,201,373 $51,267,318 $45,995,395 $43,902,800
26,837,750 25,078,160 22,678,996 21,875,707
11.696,328
10,920,614
8,005,848
7,017,187
6,788,964
6,426,207
6,027,527
5,803,500
$8,842,337
Cement Corp.
12 Mos. End. Mar. 31—
1942
Sales, less cash discount
Subs.)—Earnings—
$8,878,331
Other
elected
President
Bank,
1935-36.
and
Fleming
been
Fleming,
Federal normal
Pacific Lighting Corp. (&
oper.
V.
have
Mr.
and excess profits taxes for the
three months of 1943 included in the above statement is based upon
the effective tax rates of the year of 1942.—V. 157, p. 1465.
for
Note—Provision
1943, on the terminal first mortgage 50-year
1943, was paid on that date at office of
J.
Casualty Co.—Stock Distribution—
last.—V.
2,
$310,345;
$3.57
$2.74
$3.34
"'Royalties paid, patent development and other operating expenses
(including depreciation of manufacturing plants and amortization of
leased equipment); 1943, $3,686,400; 1942, $3,563,834; 1941, $3,461,726;
1940, $3,456,467.
tCovering certain employees, purchased under insur¬
Earnings
1,
N.
(including
5
^
above
ferred
3,086,600
15,510,770
prof, for period
Taxes
&
taxes
each year were
March 31
-
Pennsylvania-Central Airlines Corp.—New Directors
Net
Gross
Susquehanna
''
security taxes, $530; accrued corporate taxes, $2,225; accrued
expense,
$1,040; long-term obligations (notes payable), $39,000; de¬
1,400,000
tax—
tax.
in*.
prof,
for.
Number of
...
York,
ended
months
9
social
re¬
serv.
trust
Federal
Expenses
New
income
Fed. excess prof,
650.000
i
90,657
__
—.—__
157, p.
150,000
———_
_
Total
251,580
of
Appropriated surplus invested in new property.
Earned surplus
-V.
175,595
293,510
res-
acquisition
for
property—
new
dividend)
($7
186,197
in aid of construction
Contributions
Series
,
_
& betterments
income
net
113,716
2,737,683
213,538
plant—.
reserve
Preferred stock retirement
Appropriated
1,389,127
annuities-
service
493,865
93,007
3,329,245
construction
for
depreciation
Injuries and damages reserve.—
bonds
77,733
493,974
__
advances
for
Reserve
the
;.
prepaid expenses,
29,591,186
—_____
—
accrued
Customers
'
.V.-: '.'
Federal
land,
of
sale
from
reed,
_________
Interest
for
profits
;''V:
10,846,074
'
$65,125,527 $63,769,625
102,603
above
1943—9 Mos.—1942
1943—3 Mos.—1942
$498,864
$1,157,383
$1,601,591
$0.99
$2.28
$3.21
Estimated Federal taxes that were deducted in computing
follows;
as
10,346,578
—
28,935,369
deben.
on
Net
accrued
capital
157,
$881,907;
par),
($1
$326,904
$0.64
share
com.
Notes—(1)
the
1,579,499
236,530
bonus
sales.—
on
Sundry exp.
635,514
payable and
Taxes
stock
common
profits after all chgs.
Earnings per
8,829
55,429
579,000
manag.
discts.
384,880
293,333
238,333
11,813
Prem.
$27,982,000 $27,982,000
bonds———
_______
7,400,000
7,400,000
companies
549.020
923,421
sundry accruals
13,159
87,417
Payables to associated companies——
—
22,247
24,402
Customers deposits
^
associated
$650,642;
■
64,484,824
19,768,772
Prov. for doubtful accts.
mortgage
from
84,253,596
73,054,285
8,423,096
1,392.934
for
Total
Accounts
92,184,885
19,130,600
pat. rights and licens.
-
•
stock, payable May
annual cash distributions of
9,783,892
interest
Other
56,150
■
debt,
1186.
p.
common
$
35,516.577
and
Interest
1,688,017
—
excess
term
Peerless
10,067,514
1,088,179
-
accounts, $72,752; provision for 1942 Federal in¬
profits taxes, $8,200; Deposits on contracts, $123,110;
The directors have
41,404,858
582,476
—
$166,139; notes payable $9,600; Sink¬
guaranteed sinking fund 4'/2% secured notes,'
payable,
year
surplus, $1,397,481; earned surplus, $277,332; total, $3,674,073.—V.
31
1940
S
$
net
Cash
...
Advances
March
1941
& adm. exp._
16,200
Liabilities—
First
Ended
Months
1942
156,336,084
revs.
gen.
1,110,928
11,026
Special
Prepaid insurance and rent.
debits
and
long
six
accrued
Penn
Prov.
company
for
fund
firms.—V. 157, p. 557.
and
royalties
sales,
1,868,520
—
supplies
deposits and funds__:
Total
lowest
the last six months.
Statement,
Income
16,200
Materials and
Deferred
at the
those tendered
be
will
price of 627/8, during
average
an
1,113,872
receivable
notes
reserve
offerings should be made
manner.
bonds
568,383
____
and
-
in banks,
and
Parker
568,383
Cash
Accounts
York Trust Co.
and
operating
$57,670,547 $56,884,512
property
i
$399,680; U. S. Treasury cer¬
accounts receivable and notes re¬
for doubtful accounts of $27,927), $327,221; due
Liabilities—Accounts
ing
$86,909;
,
Y., as its agent, the sum of $23,000 which may
practicable'for the purchase, in said manner, of
bonds at prices satisfactory to the company.
The company reserves
the
right to accept tenders requiring the disbursement of cash in
excess of
said sum of $23,000 for future sinking fund purposes, and
oper.
capital stock of asso. co., at cost
Investment in
:
,
N.
New York,
insofar
Mfg.
~
$0.32
r'...
of Dec. 31, 1942
Sheet As
employees, $284; inventories, $483,990; advance for
(secured), $22,564; investments, $21,981;
charges, $81,063; fixed assets (less reserves for depreciation
and depletion of $3,527,183); $2,243,255; new construction in progress,
$29,862; other assets, $14,138; total, $3,674,073.
t$496,878
.
plant
Utinty
,v
has accumulated cash available for the purpose of
and has deposited with The New York Trust Co., 100 Broad¬
1943
150,000
Capital stock expense—.
——_
Owens-Illinois Glass Co.—Earnings-
$991,580
Balance Sheet, Dec. 31
$288,584
$50,036;
Period End. March 31—
with
used
at
150,000
•Reclassified.
(less
Net
must be surrendered for payment to The New York Trust
together with the June 30, 1943 and subsequent coupons attached,
on
or before
June 10, 1943, after which date no interest will be paid
on
the bonds accepted.
■ 1,
Bondholders are advised that the corporation has purchased bonds
$848,208
- .
Assets—
*249,362
Corp.—Tenders Sought—
114,931,226
(
.
and
hand
on
$33,678
90,541
$0.04
%
—
„
share
indebtedness,
officers
come
*153,247
*71,577
152,698
income—
$
Balance
ceivable
from
company
bonds
be
Net
property
new
*82,633
644,434
for
income
net
*40,976"
707,752
Co.
acquis, of bonds or of
v
*7,865
911,547
railway.—
Consolidated
1_
income
Net
40,671
1,366,796
t$296,878
deductions
Income
of
46,178
1940
*48,998
part:
Such
$907,870
1,204,748
$998,208
__
Assets—Cash
tificates
$242,052
*6,541
1—
company,
prices
43,290
$1,291,392
_
income
Gross
—
8,062,174
805,000
2,507,462
385,000
390,000
•
in
in
$9,931,373
6,695,388
817,000
*1,554,405
Operating
•
1941
$239,313
32,243
As
1943—12 Mos.—1942
1943—3 Mos.—1942
Operating
Depreciation
1942
offices at 444 Madison Ave., New York, N. Y.,
will until 12 o'clock noon on June 1, 1943 receive bids for the sale
to it of Herald Square Building first mortgage leasehold sinking fund
income bonds due March 1, 1948, for account of the sinking fund.
President M. Silberman, May 1, in a notice to the bondholders, said
This
to
March 31
Three Monts Ended
Earnings for
Period End. Mar. 31—
RR.—Earnings—
94,246
railway.—
oper.
ry.
way,
property
new
profit
paid——
Dividends
common
91,549
8,200
profits taxes-
exc.
employees stock purchase plan
$329,668
income___
oper.
from
The
amortization of debt discount
and expense and miscellaneous deductionsReservation
of
net
income for
acquisition of
Other
Net
108,947
_j__
___
income &
Paraffine Companies, Inc.—Earnings-
$843,309
debt.
term
system for the
compared with
week last year, an increase
1943
1350 Broadway Realty
33,965
I.
income
$150,826 % $426,311
charges
Provision for Fed.
800.000
$1,494,800
income
Gross
__
•Deficit.—V. 157, p. 1274.
6,669,266
$1,460,835
income
Operating
Net
1,566,168
—
2,484,379
13,941,509
2,235,439
1,496,246
$506,078
railway
from
Net
$9,837,252
1,628,247
_________________________
3,343,307
p.
railway^—
from
Net
1941
$11,052,909
7,163,827
800,000
;
revenues
Operating expenses
Depreciation
15,835,437
$401,984
24,327
$126,556
24,270
_____.
__
Total
Non-operating
(Del.)—Weekly Output-—
the corresponding
1652.
for
157,
Northwestern Pacific
Gross
1942
:
804,981
income
•
117,685
77,638
4,299 r
133,642
_____
100,773
leases.—23,721
u
.___
income—
operating
Earnings per
.
Years End. Dec. 31—
1,228,132
of the Northern States Power Co.
1, 1943, totaled 37,938,000 kwhM as
kwh.
From January
Operating
6,613,183
March—
Gross
New York Steam Corp.—Annual Report-
;
297,540
—
*i__
undeveloped
of
Non-operating
1,086,387
States Power Co.
13.1%.—V.
Net
^-V.
^
—
__
deferred
$99,758,525 $99,619,685
_
10,912,417
income___
1464.
output
33,531,000
of
77,776
2,031,500
21,245,022
—25,594,133
shares!
(no par, 424,900
surplus
Total
;•
stock___—____-__-./_—_________
preferred
Common stock
Earned
664,693
.
in aid of construction——______
Contributions
5%
8,622,544
573,279
of utility plant...—
depreciation
for
Injuries and damage reserve
Employes provident reserve,
charges
Depreciation
Consolidated Balance
17,711
17,050
—
$5,130,620
1,527,993
23,016,791
5,719,786
4,281,101
31,573,771
railway
railways-
Northern
'
deferred
from
Net ry; oper.
—V.
157, p.
construction and other
Customers advances for
$5,860,480
2,183,319
1,719,018
2,495,845
income—
oper.
from
Net
1,831,732
218,822
2,643,172
217,732
accrued
Taxes
$899,146
514,601
———
Operating
1940
1941
From January 1—
Gross
310,759
728,840
510,702
257,074 %
283,283
471,267
accruals
Payables to associated companies________
payable and sundry
Accounts
ry.
>'•■
3,200,000
2,000,000
companies_______—
associated
$3,411,771
1,830,557
682,068
$899,294
—
—
Profit
Net
$8,217,137
railway- $11,501,361
4,214,131
railway.——
from
Net
$35,000,000 $35,000,000
debt
$3,691,092
2,089,746
702,053
container costs.
and
cost
operating
1941
1942
■
Depletion
1942
1943
from
Net
from
Advances
Direct
•
income——————a
transportation,
Amortization
Liabilities—
Long-term
operating
Purchase,
Northern Pacific Ry.—Earnings—
$99,758,525 $99,619,685
______i
Total
in 1943, 91 cents in
Note—Earnings per common share was 71 cents
1942 and 79 cents in 1941.—V. 157, p. 1184.
317,055
Gross
21, '42 Mar. 22,.'41 Mar. 23, '40
$489,137
$439,851
$530,287
t$384,703
March—
■:
nual Report—
provisions
and
Refining Co. (& Subs.)—An¬
Panhandle Producing &
cents each,
1955.
Mar. 27, '43 Mar.
„__i
income
"'After
excess
229,149
92,555
236,219
—_—______
15 and Sept. 15, 25
14, June
Calendar Years—
2,065,404
242,412
90,063
—
March
follows:
as
15, 50 cents.—V, 156, p.
12 Weeks Ended—
58,150
13,500
1,651,473
2,593,372
51,834
13,300
1,657,116
A
Dec,
North American Rayon Corp.—Earnings—
213,829
213,829
58,150
were
and
1941
$92,924,230 $92,263,000
70,364
70,364
!
1
_i—
:i_
Accounts
1942
31
1942
investments
Cash
Dec.
'
'
"
f
Cost
of
sales,
taxes,
$11,459,656
ordinary
operating
ex-
etc.
peases,
"Prov. for depl.
Other
______
—
-
and de¬
36,259
39,736
26,866
$2,457,237
217,442
$1,597,159
$786,586
312,778
386,698
t$2,490,560 .t$2,239,795
$1,284,381
$399,888
43,070
income
1
*
Earnings For March
and
Year to Date
1943
1942
1941
1940
railway.—
$551,958
$341,246
$321,767
$277,317
railway——
275,073
136,604
122,591
116,052
March—
-
from
•Gross
Net
from
Net
ry.
126,414
74,431
53,373
911.283
807.064
Net
railway——
from
Net
ry.
—V.
709,807
336.104
350,478
317,673
income...
1274.
287,124
142,393
149,619
Pfd.
divs.
Min.
■
p.
1—
income
from
Net
from
ry.
■
$735,433
railway—__
railway
______
1941
$420,250
$554,336
1940
$337,988
1942
156.752
221,239
89,190
102,885
income.__
90,644
...
„
23,391
40,967
-
..
...
*24,995
__
.....
971,985
1,495,940
1,192,909
561,071
338,300
236.013
52,907
254,514
income___
*
Deficit.—V. 157, p. 1274.
159,421
85,651
*90,887
Net
«
1943
oper.
from
from
ry.
railway
railway._____
oper.
dividend
"stock,
similar
of
50
cents
per
share has been declared on
the cdmmon
value, payable June 15 to holders of record June 4.
A
distribution was made on March 15, last.
Payments during
no
1,000,000
4,825,893
4,825,893
4,825,893
4,825,893
$486,699
$511,864
*$235,075
■
par
/%'''■%%•
$5,647,548
>
1,056,730
-77;
Balance
Sheet,
March
31,
Int.
on
584;
total,
$29,937,924;
in
dividend
payable,
stock,
preferred capital stock of subsidiary, $22,260,475; minority
common stock
and surplus of subsidiary, $1,463; funded
$49,903,000; accounts payable $2,400,124;
.funded debt, S92.647; taxes accrued and payable,
840;
common
accrued interest on
$10,764,778; dividends
$583,910: customers' deposits, $713,007; deferred credit $39.$78,375,639; earned surplus," $19,294,764; total. $234,157, p. 644.
reserves.
367,573.—V.
tax
depletion
before
and
provision
for Federal
income, surtax and excess
1943 and $766,300 in 1942, and provision
of $420,000 in 1942.
profits tax of $1,539,000 in
for
contingencies
Consolidated
on
Balance
Sheet,
As
at .March
31,
1943
notes .and accounts, receivable (less re¬
$538,824;. inventories, $1,853,798; U. S. Govt, securities, $35,000-;
Assets—Cash,
cash
$20,000,000;
198,509
W';
depreciation for the 12 months ended March
31, 1943, amounted to $960,240 (1942, $945,080; 1941, $852,632; 1940
$1,213,389), of which $513,284 (1942, $498,797; 1941, $461,360; 1940,
$472,108) was charged to operations.
The balance, $446,956 (1942,
$446,283; 1941, $391,281; 1940, $741,281), was charged to special reserve.
v
/>
serves),
preferred stock,
income
♦Total
tProfit
$234,367,573.
Liabilities—$5
$2,689,069
funded debt—
Profit before prov. for
1943
properties and franchises, $209,103,224; investments
in securities, $4,415,336; cash, $7,946,930; U. S. Treasury Tax Savings
Notes, $2,240,000; deposit with trustee for new construction, $1,167,750;
accounts and notes receivable, $5,021,645; gas storage and deferments,
$364,206; materials end supplies, $1,696,897; deferred charges, $2,411,Assets—Plant
interest
Niles-Bement-Pond Co.—50-Cent Dividend—
A
$6,337,757
1,000,000
____
debt,
•
$6,312,592
1,000,000
___
Consolidated
1,994.235
Net
$6,274,075
_—
dividends
Common
Surplus
From January 1—
Gross
154
_______
1,350,278
112
sub.—
dividends
Preferred
Ry.—Earnings-
March-
Gross
2,468,615
1,346,482
Fed.
Net
Southern
Norfolk
Net
1,863,635
121
$448,182
of
interest
"•Deficit.
;
1,463,613
1,345,346
119
amortiz., etc._
of subsidiary
141,050
oper.
157,
Interest,
income
Total
59,606
948.734
income...
railway——
from
.Gross
1,566,798
1,339,538
.
1,488,278
oper.
From January
.
income
Total
"
$3,276,193;
deposit with trustee. $5,500; sundry investments and deferred
$12,563; fixed asseets (net), $6,692,395; deferred charges
receivables,
to
future
operations,
Liabilities—Notes
$43,510;
total,
$12,457,783.
.
-
.
(3%%
series),- $237,500; accounts pay¬
able (trade), $140,307; accrued liabilities (wages, taxes, interest, etc.),
$387,327;
provision
for
Federal
income
and excess
profits • taxes
(less U. S. Treasury tax notes-of $1,000,000), $265,926; first mortgage
bonds
(4!/a%
series
due
1953),
$3,250,000;
notes
payable
payable
.Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
series
due
1944-45),
$737,500;
reserve
for self-insurance,
$221,297;
for
contingencies, $400,000; preferred stock, $7 cumulative
convertible), $3,030,000; common stock (400,000 no par shares issued),
$400,000;
capital surplus,
$951,936;
earned
surplus, since Jan.
1,
1937, $2,435,990; total, $12,457,783.—V. 157, p. 820.
at the rate
of one share of such stock for each
amount of debentures so converted.—V.
157, p. 557.
reserve
from
Gross
Net
from
Net
Consolidated
Other
1940
■
$78,754,985 $60,957,895 $47,014,613 $35,722,506
railway
15,717,345
12,764,957
Statement
of
Income
6,923,484
4,783,122
6,985,858
5,459,458
railway-— 220,818,357
168,152,353
130,319,734
108,602,565
58,689,725
39,639,944
34,104,329
27,492,533
from
railway...—
18,944,618
income—
oper.
19,066,148
10,495,077
Pittsburg Shawmut
revenue
—
revenue
Power
transportation
General expense
16,133,862
Provision
for
renewals—r____
operating expenses and
other contingencies
incl. payments
_
under
1907
to
City
3,018,316
Net
from
Net
ry.
$809,491
railway
railway.
$444,748
*79,288
*227,610
47,520
*2,295
91,558
*166,142
226,607
.>■
Gross
From January
from
1,599,968
2,192,071
Net from railway——
100,289
Net ry. oper. income...
*383,094
*DefiUt.—V. 157, p. 1274.
Gross
railway..—
*72,708
1,234,116
*213,764
*542,377
*603,916
Rental
1,148,628
*262,550
1 Wall
3,030,283
$7,716,656
$6,134,891
*687,388
Other
3
:
233.
J\ 'JuCtu
I.
Jj)
—______
3,164,916
—
Special deposits
Accounts
'
:_
and
and
123,473
30,500
871,421
749,217
122,618,384
______
___
_
Liabilities—
$305,682
176,099
$130,335
41,982
$92,795
41,982
$48,500 in
deductions.
*
Federal
Includes
1941
(no
income
taxes:
Assets—Utility
(less
and
cash,
uncollectible
for
Funded
1942
in
and
Other
and
of
accounts
$10,495),
receiv¬
—V.
$168,118;
$124,543;
'
,
total,
interest
650,325
2,110,809
1,882,629
227,622
34,476,363
29,291,505
3,715,784
3,715,784
839,846
122,618,384
_
•
--
■
,
Account
for
1942
allowances
&
Years
Ended
1941
Dec.
Gross
Total
11,532,102 *
obs6l.. of
Int.
1st
on
fund
1941
parts
bonds
debt disc't
Fed.
166,718
$255,211
13,323
14,499
$735,828
48,194
49,421
$1,485,003
,
$2,182,639
20,000
v
income
debs.,
20,000
Federal
income
201,525
Fixed charges
fixed
Net
168,428
161,792
155,550
519,000
—
372,000
66,940
___7
460,000
taxes
Cr26,893
profits
__
$850,371
+136,813
pref.
stk.
115,845
117,065
90,852
com.
stk.
302,557
302,757
152,004
$1.48
$1.45
shr.
($1.25
on
fixed charges..
after
General
$179,742
Balance
Sheet
Dec.
share)
I
Gross
sales
declared
Special
Net
324,010
Miscellaneous
and
Interest
dividends
current
Other
Deferred
receivable
55,049
160,024
supplies
and
1,822
2,263
5,504
5,470
8,033
133,677
Profits
$9,579,136
$9,593,816
$1,000,000
$1,000,000
16,500
Grants
in
...
of
aid
Long-term
—
construction.
debt
=_
Audited
accounts
Miscellaneous
Interest
matured
Unmatured
Accrued
Other
and
2,879,000
23,542
107,479
137,866
130,434
106,863
4,510
3,905
unpaid
interest
tax
payablepayable
accrued
60,523
Unadjusted credits
439,376
Corporate surplus
Total
-V.
4,937,736
—
I
$2,209,937
3,138,222
1,956,504
$414,044
$528,221
$253,433
55,578
33.937
16,259
charges
on
parts
$9,579,136
393,735
4,807,723
$9,593,81Q
152, p. 2871.
Corp.
Special
Offering
A special offering
was made on the New York Stock
Exchange May 4 by
Smith Barney & Co. of 30,934 shares of common stock
(par $3) at $21% per share. The offering drew bids for
55,625 shares. Allotment was made on a basis of 55.6%
with the largest allotment 6,680 shares and the smallest
total
A
40.
Dealer's
—
of
152
commission
purchases
on
the
—
was
made
offering
was
by 47 firms.
40
cents
a
share.—V. 157, p. 1563.
41,109
$269,693
34,051
-36,571
The
May
1943,
to
convert
their
said
debentures
Prov.
into
common
stock
of
prior
the
of
of
Loan,
the
which
banks
savings
in
the
company's out¬
construction of
and
purposes.
improvement
or
$212,069
pay
1944
to
arnoupt,
the
to
while
fund
trustee
This payment
1972."
Co.—Interest
all
on
March
as
to
is
be made
part
any
in
Ceases
Unde-
on
company dated
non-assenting
such
first
on
1943,
1,
maturity of such
the
such
Co.,
to
mortgage sinking fund
Sept. 1, 1642, the holders
agreed and consented to
bonds
Dec.
in
18,
holders
accordance
1942,
will
and
be
with
and
on
entitled
the
after
only
to
presentation thereof at the Manu¬
St.,-New York, N. Y„ with interest to
156, p. 2310.
bonds
upon
Broad
55
Corp.
(& Subs.) —Earnings—
1943
1942
1941
$187,505
$194,858
$215,402
119,168
___
104,543
98,086
15,855
14,300
<21,200
17,550
2,310
1,750
2,003
15,000
t26,049
29,696
$13,972
$30,665
198,991
194,080
$64,064
164,419
—___
$212,963
$224,745
________
13,863
_
for
for
doubtful
of
notes
.
intangibles
income and
Fed.
.
,
7,003
.
14,550
excess
taxes
_____
income
Earned surplus,
Jan.
1,
1941—
surplus
Earned
dividend
*Gross
interest
'
13,512
March
earnings
earned
$228,483
13,943
13,943
dividend
surplus,
31,
1941—
include
but
not
only
$199,100
interest
collected
is
not
$197,289
actually
included.
27,025
,
$187,515
received;
accrued
•
tlncludes $5,000 provision for increase in Federal taxes.
banks
notes
and
deposits,
hand, including cash items, $349,912;
on
receivable
$2,585,200;
(less
for
reserve
$532;
cash
doubtful
notes
of
$118,-
value,
life insurance, $3,616;
$65,186; prepaid taxes,
interest and expenses,
$27,187; furniture and fixtures (less deprecia¬
tion), $52,093; intangibles, $60,059; total, $3,143,785.
Liabilities—Notes payable, $754,000;
employees' war savings bond
funds (less $787 on deposit in
bank), $99; dividend payable, $13,863;
unamortized
debenture
installments
due
$23,000;
discount
and
expense,
within
one
year on sinking fund debentures
(net),
on
sinking fund debentures, $11,750; sundry
accruals, $6,461; miscellaneous taxes accrued,
interest accrued
payable
and
for
reserves
Federal
taxes
on
income,
$73,517; funded debt,
$866,462;
common
stock,
class B (par $1), $5,000;
capital surplus (paid-in $364,548), $366,448; earned
surplus, $199,100;
total, $3,143,785.—V. 156, p. 1613.
$682,000;
class
A
5,000
t37,669
5,841
5.677
5,247
$133,172
$377,430
$185,206
5*8,817
31,089
share.
amortization of
preferred
(par
$1),
stock
(par
$134,025;
$12.50).
stock,
common
share.
28,961
income taxes only.
^Includes
Riegel
Paper
Corp.
1940 and other interest of $5,285 in
1941 and $2,350 in 1940.
§Computed at
banks
receivable
—
Read & Co. and associates
of capital stock as a
Secondary Offering — Dillon,
on May 4 offered
5,000 shares
secondary
distribution
Concession to N.A.S.D. members
was
at
$19
a
75 cents
a
funded debt of $l',688 in 1943, $2,148 in 1942,
$2,897 in
Consolidated
notes
time
that
part of the payment may
any
paid
profits
5,000
1943,
rates
and including Federal
Robertson Paper Box
Calendar Years—
Balance
and
(less
on
Sheet,
March
31,
1941
1940
1939
$516,333
$352,137
$307,270
49,398
43,151
38,628
36,853
$270,417
.
1943
hand,
$799,838;
accounts
of
$94,161),
$1,391,915;
reserves
Co., Inc.—Annual Report—
1942
$473,672
receivable
cost
of
facilities under contracts for others, $240,306;
inventories, $7,000; noncurrent notes receivable
(customers), $146,357; miscellaneous invest¬
ments,
$1,015,445; investment ($90,890)
and advances ($42,500)
subsidiary companies, not consolidated, $133,390; land (other than
emergency
in
at
fa¬
Gross
prof.
aft. depr.
$424,274
$473,182
$313,509
executives..
220,785
256,816
174,975
Employees retiremt. An¬
nuity fund contrib.—
12,595
49,404
18,000
Commercial
bonus
to
Federal
&
based
incl.
exps.,
State
taxes
income
on
149,247
:'v
106,577
65,642
30,740
26,589
$84,317
$101,320
$89,794
$94,581
cilities, etc.
(less reserves for depreciation and amortization of $4,805,$10,069,852; mineral deposits (less reserve for depletion of $43,895), $38,563; deferred charges, $384,785; total, $18,638,645.
510),
Liabilities—Accounts
(trade), $572,958; notes payable bank,
accrued payrolls, $171,876; interest accrued, $14,019; accrued
$800,000;
(other
taxes
payable
$351,349;
than
1942
and
1943
Federal
other current liabilities, $153,000;
and
Income taxes),
for 1942 Federal
State income taxes, $349,268; provision for 1943 Federal and State
income taxes,
$161,150; first mortgage bond sinking fund payments
due in year, $168,750; .3% serial certificates of indebtedness, $25,000;
funded
ana
long term debt, $3,317,250; reserve for relining
blast fur¬
ond kilns, $93,104; $5 preferred stock (24,752 no par), $2,329,523;
stock
(621,460 no par shares), $6,124,444; earned surplus,
$4,180,240;
156,
p.
capital
2044.
stock
in
•'
treasury,
Dr$173,287;
total,
'v':''■'?*•
$18,638,645.—
have
of $209,000 of
been
called
for
redemption
first mortgage 5%
as
of
Cash
dividends
Balance to
paid—
Balance
42,000
48,000
36,000
20,223
$42,317
surplus
$53,320
$53,794
$74,358
Sheet
As
At
Dec.
31,
1942
Assets—Cash, $242,068; U. S. Treasury notes, $50,000; accounts and
acceptances receivable
(less reserve), $98,930; inventories, $221,917;
non-current
investment
and
receivables, $24,086; plant and equip¬
ment (less reserve for depreciation),
$307,339; deferred charges, $18,626; goodwill and trademarks, $1; total, $962,966.
Liabilities—Accounts
for
reserve
$482,790;
payable, $51,583; accrued liabilities, $15,789;
taxes, $112,804; common stock ($5 par), $300,000; surplus,
$962,966.—V. 153, p. 108.
total,
■.
Safeway
Portland General Electric Co.—Bonds Called—
There
income
Net
State
provision
and
company
29,
or
1943, interest ceased
not
Amortization
140,000
by the Secretary of the Treasury
profits taxes.
in
of
sinking
a
will
principal
Fuel
1943, only.—V.
Interest
$152,312
.
Assets—Cash
V.
:
has called for redemption as of June 1, 1943, a total
of $5,000,000 of convertible 1%7c debentures due Jan. 1,
1951, at 102
and interest.
Payment will be made at the Manufacturers Trust Co.,
trustee, 45 Beaver St., New York, N. Y.
Holders of the called deben¬
tures have the option,
at any time until the close of business on
their
&
earnings
Operating expenses
5,000
common
Be Redeemed—
at
Depreciation
and
of
3 Mos. Ended Mar. 31—
§284,500
recommended
naces
Phillips Petroleum Co.—$5,000,000 of Debentures To
benefit
*Gross
6,973
$3,693 in 1942, $2,983 in
excess
$562,158
Sharpsville), $791,195; buildings, machinery, equipment,
Philco
1,
Trust
1,
5,000
stock
and
since
Victory
purchase
corporate
5%, series A, which matured
offer
facturers
161,150
for Federal
1941
but
and
discount and expenses on
$2,694 in
$469,622
39,670
—
pfd.
the
company
1943,
payment of
$8,059;
other
taxes____
profit
Divs.
275
liabilities
Inc.,
Consolidated Balance Sheet, As at March
31, 1943
obsolescence
income
for
other
the
Assets—Cash in
1940
$3,664,444
debt
Federal
29
Second
investment
the
l,
31
$3,487,186
3,073,142
157,878
376
...
March
1941
$4,566,350
4,231,228
$365,105
65,977
213,856
,
liability
current
Ended
1942
29,982
fProvision
22,544
wages
accounts
Quarter
other
before
for
*Other
4,802
2,641,000
—...
Traffic and car-service balances—Cr.._„
Field,
and
Inc.;
Son,
of
extension
618),
oper.
replacement
16,500
capital stock.
on
1940.
other
and
for
of
Prov.
Net
stock
1,
$335,123
and
funded
on
Prov.
Liabilities—
Capital
March
on
out¬
charges
Int.
Pa.
Premium
the
extension
accounts
18,635
121,543
;—
Total
payable
earns.,
before
income
194,604
assets
assets
Account,
Other income
158,455
—
Unadjusted debits
but
$0.70
of $30,418
46,576
222,060
receivable
accounts
Material
15,155
and
except that all
had
installment
charges
■
13,885
balance receivable from agents and conduc.
and
sales
Profit
$8,694,970
—.—
incurred
■_
1941
47,000
investments
...—
1939,
tlncludes dividend
1943
freight
of
Cost
31
299,342
—
cash
deposits
depletion,
in
Income
discounts,
ward
$104,995
$8,644,875
Cash
Temporary
and
3 Mos. End. Mar. 31—
163,188
1942
Assets—.
Investments
$1.21
com.
depreciation
per
legal
have
Gas
March
which
$542,759
on
less
Income
On
Preferred
$1,000,624
on
per
the
on
which
bonds
Pueblo
Common
$1,015,211
paid
Earns,
March
on
effort
for
facilities
will
half
1,527
155,511
Co.,
&
posited Bonds Which Are Being Retired As of March l-
Total
paid
$268,183
——
&
Gregory
the amount the company
may allocate and certify
to the trustee, in lieu of cash or
bonds, a net amount of additional
property paid for during the preceding calendar year.—V. 157, p. 1653.
Net
440,000
Divs.
$269,710
1,767
charges.
Nicolaus
&
taxes__
Consolidated
for
available
Income
20,000
*W':
,,
*
profits taxes
Refund of prior yrs. Fed.
157,592
$335,253
income.
from
deductions
Miscell.
$337,020
—
—
$785,249
;
exc.
"Includes
Total
A
of
Provision
20,000
sink.
&
$1,554,416
Divs.
—
Series
re¬
$97,619
$323,696
$1,506,222
182,991
& expense
Provision for
$264,337
$1,999,648
____
mtge.
$106,992
216,705
income
due
7,176,954
229,884
income—
income—
for
placement
income
Other
in
March
14,093,946
$1,255,119
other
244,814
railway operating income.
Stifel,
Co., Inc.;
May 1 of each year from
in cash
excess
the
1939
^
profit
Miscell.
1,098,258
——
be
March
$7,912,782
its
Railroad Employees'
$351,806
rents
Net
31
1940
$16,859,698 $16,093,594 $13,038,325
15,604,579
$1,362,595
operations
to
loans,
under
before
or
gold bonds,
,
goods sold and
$1,575,525
Railway tax accruals—
Income
expenses
State
Net revenue from railway
Net
2,811,048
—_
sales, less disc'ts,
*Cost of
A
1942 >
&
initially offered
its
to
bonds
2,206,000
—;
—_
1088.
p.
returns
Allow,
revenues..—
The
1,070,520
809,424
redemp. and mat'g 1943
rents payable—
and
surplus
1,223,718
operating
Co.;
Becker
payment
on
surplus
157,
Gross
'
Years End. Dec. 31—
Railway
G.
requirements
bank
provision
liabilities
Consolidated
156,
$5,381,146.—V.
Pekin Union Ry,- -Annual Report-
&
3J/4 %
successfully concluded.
Upon the redemption of the
bonds, these bonds, in thai opinion of counsel, will meet
present
standing
7,199,260
Pittsburgh Coke & Iron Co. (& Subs.)—Annual Report
(no
surplus,
earned
issue of
an
York, New Hampshire,
Massachusetts and Connecticut.
They
moreover, constitute the only funded debt of the company.
Net proceeds of the issue will be used to
the extent of $19,686,160
to redeem at 104% all
outstanding bonds of the company, aggregating
$18,929,000 and issued in four series, maturing from 1960 to 1966.
The balance is being
applied to the
of
long-term
debt,
$14,372;
miscellaneous
accruals,
$6,632;
reserves,
$1,032,807; contributions in aid of construction, $3,692; capital sur¬
plus, $278,172;
p. 1956.
the
15,094,620
for
Total
preferred stock (no par, 6,997 shares),
par, 42,500 shares), $42,500; long-term
debt, $3,046,000; accounts payable, $79,604; customers' deposits and
accrued interest thereon,
$228,790; accrued general taxes, $57,655;
accrued Federal and State income taxes, $116,529; accrued interest on
stock
Hampshire—Bonds
will,
1,808,269
called
current
Earned
$249,960;
accounts
Milwaukee
A.
was
outstanding
61,836,848
wages
debt
Capital
cumulative
common
Peoria
7,199,260
supplies,
Liabilities—$6
1613.
p.
New
New
15,094,620
Unadjusted credits
$194,163; prepaid insurance, etc., $19,160;
debt discount and expense in process of amortization, $142,420; im¬
provements to leased property, in process of amortization, $19,852;
miscellaneous deferred charges, $6,156; total, $5,381,146.
$349,850;
of
been
60,394,448
—
Sheet, Dec. 31, 1942
*$4,581,316;
plant,
reserve
materials
$90,000
Co.;
concentrated
just
1,512,864
-
payable—
payable (estimated)——
Taxes
profits tax payable in either year).
excess
Balance
able
.
The
Co.;
&
has
group
has
354,185
debt
Accrued
—
•
&
131,683,651
Funded
$268,894
175,347
income
.
Co.
with Halsey,
Stuart & Co., Inc. in the offering are;
Merle-Smith; Ladenburg, Thalmann & Co.; W. C. Langley & Co.;
Co., Inc.; Otis & Co., Inc.; Wertheim & Co.; R. W. Pressprich
& Co.; A. C. Allyn and
Co., Inc.; Bear, Stearns & Co.; Equitable Se¬
curities Corp.; Graham, Parsons &
Co.; Newton, Abbe & Co.; Hall-
additions
stock (719,926 no par shares).,
Participating preferred stock (par $20)
4,918
Accounts
income
55,027
4,849,300
131,683,651
__
Common
Net
1,563,792
receivable-
rents
debits
Total
$263,976
8,147
Dividends
367,738
188,482
1,605,011
supplies
interest
3,730,383
198,907
securities
$1,388,931
1,124,955
$297,535
other
Service
The issue
2,212,660
receivable
Material
§
118,657,963 115,933,247
—
Cash'.—
1941
income
and
71.742
Associated
1941
'•
•
Investments
Unadjusted
$1,552,625
1,255,091
..
"Operating expenses and taxes
Gross
117 013
113,281
Dick &
Richards
1942
.
Accrued
1942
Years Ended Dec. 31—
Interest
$654,222
stock_j__839,789
■
Marketable
Other
.
garten
Peoples Water & Gas Co.—Annual Report—
revenues
160,676
33,710
associates.
.....
Operating
preferred
Consolidated Balance Sheet, Dec. 31
include all principal and unmatured interest.
Notice
of acceptance or rejection of tenders will be mailed not later than
June 5,
1943.
Any bonds accepted for purchase by tender must be
surrendered to the trust company on or before June 15, 1943.—V. 70,
p.
64,601
3,266,085
June
flat price to
at a
187,792
3,261,029
.
$1,808,212
partic.
on
trustee, 28 West State Street, Trenton, N. J.,
(EWT)
p.m.
78,614
42,213
Inc., reoffered May 3, the unsold portion of
$20,500,000 first mortgage bonds, Series A
1973, at 108 and interest.
2,436,463
debt
income
Dividends
1, 1943, receive bids for the sale to
it of extended 47c first mortgage bonds due May 1, 1953, to an amount
sufficient to exhaust the sum of $20,000.
Tenders should be made
until
81.476
Blair &
Net
The Trenton Trust Co.,
325,889
Reoffered—A banking group headed by
Halsey, Stuart & Co.,
286,479
2,781,442
deductions
funded
on
386.663
St., New York, N. Y.—V. 156,
Public
$6,421,371
lines—
miscellaneous
Interest
Peoples Brewing Co. of Trenton, N. J.—Tenders—
will
321,819
$8,038,475
leased
380,879
company has called for redemption as of June 1, 1943, a total
$400,000 of 4% sinking fund debentures due Dec.il, 1949, at 102 Va
interest.
Payment will be made at the Irving Trust Co., trustee,
of
______
5,242,432
—
income
of
16,349
364,457
from
from
Philadelphia
agreement
Operating income
Non-operating income
$389,119
*128,468
1,-.
income..1—
oper.
•
$575,002
30,988
Public Service Co. of Colorado—Debentures Called—
-
from
20,429
The
3,080,138
1,200,000
of
30.787
19.049
and
_«
Taxes,
Pennsylvania-Reading Seashore Lines—EarningsMarch—
' 1943
1942
1941
1940
$97,669
46,755
income___
oper.
1940
V' $124,068
35,895
railwayrailway
Net ry. oper. income
.'
—V. 157, p. 1274.
Net
4,203,566
property
abnormal
Gross
12,761,273
4,574,806
3,274,538
________
Depreciation and
ry.
1941
-
$135,070
33,113
5,497,122
16,307,572
*.
RR.—Earnings—
1942
$141,126
From Jan. 1—
6,960,153
3,598,822
operation
Conducting
Net
railway
railway
from
1941
1943
from
Net
$48,874,980 $37,725,589
....
Maintenance
157, p. 1652.
Gross
March—
Gross
$48,270,068 $37,249,006
604,912
'.'476,583
—_
iU
Northern
&
.
V
1942
operating revenue—
Total
9,827,084
ry.
—V.
'
21,757,651
from
Net
1941
income—
January 1—
From
Gross
Passenger
1942
railway.,,.—_
oper.
ry.
Net
1943
;
Philadelphia Transportation Co. (& Subs.)—Report—
Pennsylvania RR .—Earnings—
March—
principal
«•
Years Ended Dec. 31—
•M
$45.50
1749
June
1,
1943,
Stores, Inc.—April Sales Down 10.6%—
Period End. April 24r—'
a
total
bonds, due by extension July 1, 1950,
at 101V2
and interest.
Payment will be made at the Bankers Trust
Co., successor trustee, 1G Wall St., New York, N. Y.—V, 156, p. 2138.
Sales
—
There
1943—4 Wks.—1942
's
,
were
$
1943—16 Wks.—1942
$
$
.
'
41,525,927
46,453,992 175,400,167 181,978.469
2,503 stores in operation on April 24, as compared with
2,766 last year.—V.
157, p.
1468.
•
Ruberoid
sales
Net
of
_
^ SSCtS"**"
and
5,166,961
5,253,726
$551,844
30,000
$280,527
for
Normal
and
tax
Excess
194,000
87,430
122,900
contingencies—.——
139.000
surtax
profits tax
refund
Post-war
—
of
prof,
excess
cash
:
Special
Traffic,
Loans
bills
■"Earnings
the period.—
for
$188,844
$0.47
$146,362
$0.37
: ■
—
$193,097
$0.49
Interest
Other
do not include company's equity in earnings of Ruberoid
tEnglandl.
tEarnings per share are based on 397,806 shares
capital stock outstanding.
Of
Note—In
based
were
provision for Federal income and excess profits
estimated increased rates passed July 20, 1942. In
1942
on
the
1942.—V.
of
Act
Revenue
157,
Total
3,854
990,474
208,490
165,675,376
147,578,620
17,186, 100
17, 186,100
——
stock
Common
:
Preferred (stock
RR.—Earnings-
Rutland
ry.
.
$285,760
65.402
58,566
28,713
38,059
Accounts
11,391
18,014
975,570
843,150
818,287
94,432
136,366
20,160
81.640
38,991
85,398
*37,083
16,788
40,027 '
46,960
income—_
oper.
Net
ry.
railway.
from
—
income...
oper.
■■••Deficit.—V.
157,
interest
Unmatured
rents
Other
1942
1941
$9,090,460
$6,043,541
$4,622,898
railway..——
3.443,755
1,774,542
1,222,724
1943
from
Net
from
Net
ry.
■
2,135,265
1,478,312
959,322
24,825,491
16,524,420
4,262,385
13,069,256
3,270,640
Net
from
Net
ry.
—V.
3,569,649
2,484,697
262,421
8,678,925
railway
5,562,888
income—
oper.
157,
Other
$146,117
ry.
164.712
39,656
36,348
income...
oper.
2,758
2,705
From Jan. 1—
:
.
V
142,563
79.421
*19,519
*107,791
oper.
Federal
Other
Traffic
of
pass,
Statistics,
mile
1
$1,156,133
126.926
$1,114,460
20,732
$1,600,790
$1,128,613
$948,138
$1,283,059
etc..
443,493
368,679
296,768
344,623
22,427
—
______
528,772
439,004
357,012
Prov.
develop, costs
for contingencies.
Prov.
$9,170,693
for
tax_
100,000
50,000
1,863,592
6,558,579
."
$495,098
$0.40
$270,930
$0.22
income
— —
depletion,
bank
on
$4,019,288
.
Fed.
inc.
5,151,405
$8,915,871
profit
—
Earn, per sh. on cap.
ad
Note—No
85,989
65,789
259,661
199,397
taxes-
1,810,000
595,883
5,438,000
1,132,883
taxes.__
87,686
71,680
264,011
201,596
income
$990,822
$1,133,661
$2,954,200
27,531
26,871
87.567
11,000
stk.
$1,160,532
$3,041,767
Current
assets
—iw-;;
400.488
'
—
35,000
30,000
$502,949
$264,358
$0.40
$0,21
Securities Acceptance
325,489
251,181
961,897
Earned
630,406
1942
1941
1940
$747,812
$306,289
$257,480
189,822
95,962
89.416
Net
income.
$692,863
$909,351
$2,079,870
14,942
6,729
32,007
22,962
254.010
342,891
121,910
94.500
*99,000
25,466
$707,805
$916,080
$2,111,877
$1,952,569
255,237
257,879
752.830
756,115
$452,568
$658,201
$1,359,048
$1,196,454
$513,099
expenses.
int.,
income
General
$1,929,607
income-
oper.
ry.
Non-operating
etc.
charges.
disct.,
Direct
17,955,661
1366.
oper.
Federal
for
Prov.
-3 Months-
-6 Months-
1943
income
and
and
$2,908,790
1942.—V. 157, p.
Corp.—Earnings—
Period End. Mar. 31—
Deductions from ry. oper.
226,240
$5,018,954
to
with
comparing
$2,485,411
-
20,774,455
$1,214,775,
respectively, on March 31,
for Federal
required
amounted
31,. last,
March
were
bt
deemed to
v.'-."
nor
v
of
as
liabilities
current
$2,560,013
income.
oper.
made,
provision
profits taxes.
excess
74.601
$1,018,353
oper.
'
of pass. carr.
No.
$929,536
18,601
$1,580,058
...
loans.
Total
Interest
1943—3 Mos.—1942
$3,730,605 $15,474,451
$1,867,013
_(
.. _ _
income
Other ry.
1939
206,724
36,551,003
120,085,958
81
1940
1941
-
.......
Dec.
225,114
of pass. carr.
No.
Ended
Years
472,624
rev.
14,153
$1,916,941
802,481
income
$1,053,208,
1942.
car-
ried earns,
.
Federal
Ry.
No.
1940 *
$1,819,295
663,162
787,109
Incang.
2.320,793
accruals;
tax
valorem
Southwestern Ry.—Annual Report—
St. Louis
1941
$1,546,804
617,268
1942
1943
$2,367,167
expenses
Balance
Net
Ry.
*7,351
36,042
railway.—
railway
from
ry.
(& Subs.)—Earnings—
Co. of Del.
revenue—
oper.
Other
147,578,620
$2,974,497
307.632
390,060
income...
238,055
■"Deficit.—V. 157, p. 1276.
Net
exps
157, p. 558.
-
523,885
Net
oper.
$5,295,290
be far in excess of production capacr
of this year was affected
problem, but this condition is gradually being
materials and supplies are being obtained tn ade<r
manpower
Raw
Operating
70,914
1943—Month—1942
revs
taxes
164,980
......
165,675,376
1
1,013,193
508,159
from
Gross
oper.
.
for each of the periods
10'*'.
stated that "the demand for the
President,
Quar. End. Mar. 31—
Gross
1,093.551
:
_
*41,256
■,
improved.
Deprec.,
Ry.
8.191
73,752
railway.——
from
Net
acute
quate amounts."—V.
Br4,761,214Drl 1,688,541
......
*
of post-war credit of
McCabe,
B.
Revenue Act,.
1942
profits
excess
$0.61
$0.51
the
to
17,207,301
surp.
surplus
Ry.
$96,889
$175,232
the
by
185,307
■
Period End. March 31
■
Net
and
for
*$409,376
$340,349
effect
give
Seaboard Oil
17,207, 833
income..;
income
Profit and loss..
1940
1941
through
to
Thomas
197.519
190, 170
reserve
Apr. 3, '43 Apr. 4, "42
share.—
common
per
company's products continues to
Earnings For March and Year to Date
$349,728
railway.—
retired
appropriated
Other
Ry.—Earnings-
1942
1943
from
through
property
(<& Subs.)- -Earnings—
earnings
net
ity. Production during the first three months
13 862,823
,
fund
Total
March—
to
debt
Miscellaneous
*
after deduction
101, 437
324, 496
14,255, 652
....
liabilities
deferred
157,
share.—V.
$1- per
of
commission
special
a
9 745,396
projects
default
Offering —A special
Schulte, Inc. —Special
Note—Provision
is
83,661
.....
accounts
in
1.720,037
was
*Revised
750,264
10,223, 995
defense
of
interest
Additions
1366.
p.
St. Louis San Francisco & Texas
Gross
amort,
3,293.510
2,802,842
1276.
A.)
Earnings
9,766
226, 627
12,380, 345
unadjusted
Funded
/.lway..—
9, 766
'.
depreciation
Matured
10.685,903
1,132,812
income...
oper.
from
146,104
accrued
liabilities.....
current
Other
$3,523,132
350,481
44,485
From Jan. 1—
Gross
70,109
,
liability
Accrued
1940
railway-
March—-
accrued
Accrued
Company Only
St. Louis-San Francisco Ry.—Earnings
201,559
...
unpaid-.
accounts
Unmatured
1468.
p.
wages
matured
Miscellaneous
Tax
Gross
and
Interest
1,052,018
railway..—-
1, 611,412
...
4,498,595
Scott Paper Co.
5, 658,469
1,510, 107
Non-negotiable debt to affiliated companies
Loans and bills payable
from
Net
5,313, 289
146, 104
$315,625
16,061,021
4,395,301
Quarters Ended-
18, 854,757
73, 091
$345,028
21,633,212
6,421,553
35,955,388
16,743.946
11,221,608
income:.—
Consolidated
52, 122,179
18,907, 487
.
725,270
13,561.775
1276.
p.
151,389
353, 323
.
1,261,824
railway
157, p.
was
19, 893,600
51,991, 395
_
construction
$396,195
From Jan. 1—
Gross
19,893, 600
141, 774
_
of
Bonds
1940
i
aid
railway—
from
Net
1941
1942
in
.
railway—_
from
Net
Grants
1943
March—
Gross
debits
Liabilities—
1187.
p.
10,923
unadjusted
Federal income and excess profits taxes are based upon
provisions for
19,000
assets
Other
2,152.559
made on the New York Curb Exchange
May 4 by Paine, Webber, Jackson & Curtis, of 1,300
shares of convertible preferred stock (par $25) at $37 a
share.
The stock was quickly oversubscribed.
There
1,386
35,474
deferred
4,149,268
railway.——
offering
3,386,232
advances
fund
9,179
Other
taxes
1943
3,764,027
!
assets
income
oper.
(D.
4
4,000
!
—V.
580,654
4,000
received..
supplies
from
ry.
1,362,240
...
1,799,976
...
dividends
and
current
Working
Ltd.
597,289
1,445,838
from
Net
2,093,909
200,395
...
1,237.238
railway
oper.
Net
800,960
balances
accounts
and
Material
"Figures
Co.,
ry.
Gross
203,111
2,643,933
receivable.....
1
1,812,928
From Jan. 1—
2,453,907
10,708,480
balances.—
etc.,
and
Miscellaneous
tE.irnings per share
from
Net
—
4,815,634
...
investment...
deposits
and conductors'
Agents
—
.
267,089
...
Temporary
Crl2,300
tax •);
Net
6,975,095
physical property
$4,739,552
1943
railway—.
from
Gross
4,476,421
6,975,095
Cash
1940
$5,848,812
•
119,879
4,374,395
——_
'
•
1942
$8,152,338
2,894,109
1941
$13,011,603
6,340,581
March—
Deposits in lieu of mortgage property sold..—
in affiliated companies
investments
Ry.—Earnings-
Line
Air
Seaboard
■1941
Other
3,977,885
$425,862
'
30,000
—
profit
Provision
31
127^113,690 124,808,960
equipment
Miscellaneous
Net
Dec.
^
•*.
.
138,900
ciation, less other income
Road
1941
$4,258,412
1.
Investment
depre-
expenses,
System)
■'
'
1942
$5,805,570
1943
$5,592,823
•
.
goods sold,
(Entire
Sheet
Balance
1942
Companies)
Subsidiary
Wholly-Owned
Quarter End. Mar. 31—
Cost
Condensed
Co.—Earnings—
(Including
Monday, May 10, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1750
'
81.350
taxes
112.170
^
8,886
1 mile, per mile
22,536
12,520
162.37
100.49
79.37
$2,306,578
$662,443
$377,111
$330,834
$4.8804
Total pass. rev.
$2.9427
$1.8242
*$1.4623
Net'
from each pass.
per
tons
of
of
$0.0181
of
tons
mile
1
of
No.
7,613.080
5,605,719
The
$0.0184
Hanover
carr.
due
May 1,
1943.
the
on
first
gold
4%
mortgage
bond
due
Bank
1989,
paid
on
New
was
Trust
&
York.—V.
Co.,
that
date
at
Central
of
office
p.
1653.
157,
of
road
called
1942
Operating revenues.:.;
Total
353.34
324.53
$45,192,481
$26,644,830
$19,422,734
$18,423,520
3.3069
3.4999
3.4648
3.5402
0.0090
0.0099
0.0107
0.0112
^
;
■
1941
rev.
train
7.6484
6.6369
6.0588
20,642,003
30,133
1
17,422
12,440
11,580.98
6.5564
5.1942
4.5066
4.4475
23,314,307
expenses
Operat.
exps. per
of road—
17,526,197
14,958,176
'
14,421.37
10,806.03
9,014.64
9,211.52
3.2218
3.2657
10,729,849
5,683,827
6,615.65
3,425.00
2,369.47
3.4185
1.9724
1.2409
0.9100
revenue
of
tons
Consolidated
——————
1942, 1,289,174;
Total
1.
Earnings
for
(not
1941, 977,047;
Calendar
1941
included
in
1940, 921,-
oper.
Maint. of
revenue—
1940
1939
U.
662,443
377,111
330,834
603,466
■'
538,650
554,047
345,306
303,508
4,107,600
4,073,085
3,339,221
3,946,836
4,734,965
3,754,693
3,408,700
3,507,467
1,163,140
1,048,986
1,004,330
12,066,426
7,640,965
6,244,088
998^477
6,219)787
1,242,176
1.008,467
961,837
925.204
——
_——
General,
t
Total
oper.
Net
—
expenses.
earnings
Tax
accruals
Operating
income
Rent income
Rents
ry.
Net
274,307
$4,361,489
268,922
$2,673 885
326,441
$9,431,580
$4,630,411
3,811,752
1,936,509
1,834,820
charges
.'
$310,667 K
$222,620
$189,567
156,051
151,551
com.
per' sh.
149.051
$0.61
$0.36
$0.26
$4)
stk.
.
profits taxes
Sheet,
to
Balance
March
31,
1943
67,182
and
Net
bills
and
40,032
Interest
Other
and
500
receivable..._
129,092
88,991
balances
Deferred
Total
assets..—
3,685
....
185
4,360
Grants
*
aid
$4,296,245
______
Traffic
and
Audited
Other
and
balances
wages
accounts
payable—_
400,263
income
$8,615,365
$7,495,071
$2,795,591
$1,142 599
105,279
112,834
78,874
5.154
funded
debt
2,757,092
2,843,644
unfund debt
248,470
250,818
251 775
257479
41,504
125,516
27)803
42)692
$5,673,577
$4,472,048
charges..
—
f$248,758 +$2,018 321
100,133
*7,576
15,013
$250,293
$285,815
$306,125
$233,239
335,233
336,606
347,194
________££
11,613
24,190
314,191
surplus
—________
in
'
•
.
•
•
349,462
for Federal
over-accrual
year's
5
,
unrealized appreciation of investments on March
$857,764 as compared with an unrealized depreciation"
The
Note—(1)
1943,
prior
for
was
$3,748,956
On
Dec, 31,
on
1942.
March
bank
L628
_.
$1,100,000
$3,500
deducting
266,072
466,855
—i-
cum.
stock
31,
1943, the net assets of the company, before
loans, were valued at $30,671,853.
At the end of
1942 net assets were $26,032,831", while at March 31, 1942, they were
$23,120,160.
The net assets at ,March 31, 1943, were equivalent to
$93.40 per share of prior stock, as compared with $74.37 per share
at the end of 1942 and $58.17 per share at March 31, 1942.
13,379
346,052
—
—
$5.50
on
(2)
77,717
1942
and
$4,296,245
$1,157,000 in
$4,145,716
1941.—V.
155,
2242.
The
Balance
-
In
Assets—Cash
securities,
ceivable
dends
and
Merchants
will
Mass.,
bids for
series
—
tDeficit.
$348,384
95,409
.
banks,
for
and
sold
securities
interest
contingent
Sheet,
March
$705,786;
investments
$501,032;
and
receivable,
agreements
in
other
called
for
$124,730;
to
sell
31,
1943
investments in
U.
securities,
special
securities,
S.
Government
$28,568,914;
redemption,
$239,201;
deposits for
$397,909;
re¬
divi¬
dividends-
total,
$30,-
537,572.
2 941 255
on
$8,720,644
$409,110
$f,210
deducting
495
12,943
241,672
Savannah Electric & Power Co.—Tenders—
"$1.223405
on
$7,607,905
2,759,523
$2,874,465
Interest
—
326,85(1
8,515
of
2,000
80)506
income
1940
$21,534
;
31,
95,909
.
5,791
;
accrued
Total
p.
.J
88,424
;
266,734
59,456
'
——
credits
of
$383,450
,
377,010
——
"After
63,400
payable.
payable
liabilities
loan
1941
$32,100
-
41,631
income 'tax.
1,157,000
liability
liabilities
Unadjusted
$339,940
Net income
1,259,000
42,446
unpaid
interest
353,707
39,500
Divs.
$604,000
1,100,000
car-service
tax
1,000,000
construction—
matured
Unmatured
Accrued
$604,000
—
accounts
1942
$29,742
expenses
Taxes
$4,145,716
—
of
debt
participating
Interest—-————
General
13,279
—:
stock
in
Long-term
1943
$42,931
297,008
Total
.
Liabilities—
Preferred
*0$
_____
Dividends
preferred
stock
dealers'
835
28,929
—;;
f
3)026
.
debits
—
$170;472;
taxes,
Inc.—Earnings—
Selected Industries,
210,627
649
receivable.
17,234
165,767
assets
Unadjusted
profits
excess
67,625
62,862
supplies....;
current
months,
6
77,079
agents and conduc.
receivable..
service
dividends
and
within
$220,234;
Income—Interest
_„i___
•
__
balance receivable from
accounts
f
maturing
reserves,
3 Mos. End. Mar. 31—
5,791
receivable
car
'
•
(unsecured),
$211,151; reserve for credit losses, $100,000; deferred
10-year 4'/2'<■ convertible debentures, $680,500; 6'.«.
cumulative preferred stock (par $25), $717,900; common stock (par $4),
$624,204;
paid-in surplus, $42,435; earned surplus, $328,002;
total,
$6,631,797.—V. 157, p. 1092.
1941
125,000
and
income
eral
income,
693,410
•
_
>
payable
$3,021,884
800,090
—
Temporary cash Investments
Special deposits
,
Traffic
:
1942
on
securities,
$950,000; dividends payable, $26,374; accounts payable for" insurance,
etc., $38,977; accrued interest, miscellaneous taxes, etc., $21,547; Fed-,
$218,468
$2,881,029
—
/ '
Liabilities—Notes
Sheet, Dec. 31
——
banks and
in
$6,631,797.
total,
15,737
transferred
Assets—
1,857,726
income
profit
$205,107
156,051
$0.39
stock
(par
$2,500,000; notes payable, secured by $950,000 of U. S. Govt,
$3,000 326
Interest
Net
$328,002
March 31..i
common
hand, $1,337,949; U. S. Government
securities, v$970,000; notes receivable, $4,209,677;. accounts receivable
and automotive replacement materials, $19,090; repossessed automobiles,
etc., $4,231; cash surrender value (life inrurance), $23,814; sinking
fund deposit, $615; deferred charges and prepaid expenses,
$44,875;
furniture and fixtures (less reserve for depreciation of $38,752), $21,547;
2,825
89,211
Deferred
$9,157,273,
oper.
Miscellaneous
39,760
Balance
$221,294
.
appropriation of surplus.——___
$12,109,933
non-oper.
Gross
f
Assets—Cash
26,000
Dividends
inc.— $12,427,116
payable
ry.
c
Earns,
'$125,286
*RFC
Total
fixed
3,394
$218,882
$23,314,307 $17,526,197 $14,958,176 $15 597 771
25,399,890
10,729,849
5,683,827
4 012 195
13,289,957
1,572,576'
1,322,337
1,338,310
317,183
oper.
$314,061
profit and loss
Corporate
Total
£
income..
,———..——.
balance
Miscellaneous
:
for
Cash
$48,714,198 $28,256,047 $20,642,003 $19,609,965
& struct.
Transportation
etc,
$216,693
j;' 4,601
26.000
Dividend
301,563
equipment—
expenses
$302,270
65,785
Common
way
of
Maint.
Dr74,798
Dr93,714
'
Materials
Years
$26,644,830 $19,422,734 $18,423,520
2,306,578
537,212
etc.
carried
Expenses—
Traffic
1936 debs,
retired.
and
outstanding
loss
'
:
$291,492 ;
'
applied to sinking fund——,
Miscellaneous
677,926
etc..
express,
Incidental,
freight
'
$45,192,481
revenues
Passenger
Mail,
company
1942
Revenues—
Freight
charges
Income
Loans
of
I
933,474.
1939,
available
from
Investments
freight in this table)
revenue
Income
4,012,195
15,711.43
train mile,
Note—Number
I—
...
—
deductions
General
revenue
•377;
unamortiz.
of
149,723
$395,983
„
___:
3.5375
25,399,890
revenue
mile of road
per
—■—
11,791
income
Income
3.1378
Net
Net oper.
7,553
37,263
37,888
$441,215
297,007
—
income
—
per
exps.
oper.
$234,383
8,299;
.
"
•
15,597,771
mile
Net oper.
per
$692,990
•
•;
operating
Miscellaneous
Fixed
_
Operat.
train
963,094
income
Total
19,609,965
per
revs,
mile
mile
1,112,097
operations
rents
Other
6.0330
28,256,047
'
revs, per
mile of road
Operat.
62,420
"Includes $35,700 excess
Net operating income
10,880.31
48,714.198
Operat.
train
$1,404,309
'
per
revenues
Operat.
11,705.24
16,428.26
27,954.40
mile
Operat.
$1,805,087
-
accruals
tax
Net
.
Freight
20.846,
31,210
Balance,
Shares
-
■
—
.—;
from
revenue
Railway
per
road—
of
mile
Ry.
per ton
rev.
187,374
fr.
rec.
mile
per
Freight
Net
315.66
each ton of frfc.
Aver. rec.
Operating expenses
970,145
367.87
freight rev.
Aver. amt.
1,096,382
1,658,552
3,110,528
-
$47,009
$308,567
21,539
stock
common
discount, on
-
.
Calendar Years—
carr.
mile, per mile
Average dist. haul
of I ton. miles
$348,373
•
"
preferred stock
on
Write-off
"
1
232,274
245,616 '
$116,099
$380,752
—
on
Divs.
Savannah & Atlanta Ry.—Income Account—
5,028,635,464 2,689,988,461 1,819,248,114 1,642,737,108
—
tons
interest
certificates,
..
Total
Divs.
$62,951
$83,239
297,513
_____—
Balance, Dec. 31———
5,204,123
carr.
freight earn.
—13,669,705
revenue
No.
$0.0182
$0.0191
mile
income
income
Net
gross
Interest Payment—
receipts per
pass,
No.
■
from
income
Aver, amount rec.
Aver,
income
Deductions
carr.
(miles)
■
Gross
10,604
__
dist.
Aver.
74,756
255.71.
road
of
sum
p.
F,
of
1565.
until
the sale
due
National
12
to
Sept.
$90,000,
at
Bank
o'clock
of
Noon,
it of first and
1,
1955,
prices
to
not
Liabilities—Dividends
Boston, successor trustee, Boston,
E.W.T., on May 21, 1943, receive
refunding mortgage 5f/o gold bonds,
an
to
amount
exceed
sufficient
104
and
to
absorb
interest.—V.
the
157,
against
for
$28,100;
cash,
expenses,
interest
2'h
taxes,
per
payable,
$355,709;
due
for
securities
loaned
due for securities purchased, $312,479; reserves
etc., $27,195; bank loans due March 1, 1945,
$7,900,000; $5.50 cumulative prior stock ($25
annum,
par), $6,095,000; $1.50 cumulative convertible stock ($5 par), $2,121,585; common stock
($1 par), $2,056,940; surplus, $11,640,564; total,
$30,537,572.—V. 157, p. 998.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4175
157:
Southern Pacific Co.—-Earnings-—
Sharon Steel- Corp.-—Earningsv
3 Mos. End. Mar. 31-^'
Gross
-
less disc'ts,.:
sales,
Mfg.
cost
Prov.
for
•
$7,501,661
$4,912,433
Net
6,381,331
6,214,675
4,172.062
Net
150,000
147,900
: :
180,800
200,000
facilities
Sell.,
120,000
gen. & admin, exps.
246,520
236,932
and
erty
A
17,642
—A—
$877,911
23,527
,
$375,094
16,658
27,972
157,
Total
A—i—A-
income
V
•Provision Ttif
■
V State
iTedera:!
30,982
,
'for
$406,076
8,630
Gross
2,039,170
offered at $26 per share.
Transfer
1653.
r
Net
ry.
railway... A
1941
$21,174,374 $14,440,527 $11,166,183
Net
from
ry.
2,499.197
10.304,632
5,370,027
4.273.769
2,677,885
2,751,925
2,803,296
1,583.624
59,080,695
40,002,756
31.058,730
25,312,713
28,043,338
13,768,600
11,210 861
7,134.968
as
8,358,762
7,266,019
7,224,476
4,278,194
cumulative
oper.
157,
York.
New
—
A
railway—-—.
income—
official
Trust
Street
Co.,
Co.,
Central
and
Boston,
York.
New
Trust Co,,
j
Boston, and Guaranty
'
Trust
Co.
' /
■:.'■■■
v.
notice
follows:
issuance.
of
Purpose—The
1653.
p.
Trust
Listing—Outstanding common stock listed on New York Stock Ex¬
change.
Company has made application to have the common stock
now offered added
to the list on the New York Stock Exchange upon
$8,486,425
railway
&
1940
iricome—_
oper.
from
—V.
150,000
of
1942
From Jan. l~-£.
88,000
370,000
'
Earnings—
r ail way i—
A
from
Net
t625,000
Ry.
Agents—State
Bank
Registrars—Old Colony
1943
from
Gross
1
—
7;601,076
8,779,425
March—
8,500
7:'
post-war
contingencies
$905,884
7,476
taxes1,593,000
income
Provision
&
37,588,946
14,656,515
13,217,938
Southern
■
$882,778
$2,192,568
4,003
Interest *
47,129,119
25,411,725
18,032,868
p.
Net
•
73,930,674
41,076,892
income.._
Hanover
1,500
$866,120
$2,169,040
railway—~ 105,525,962
railway.——
oper.
13,730
4,500
30,428
inconlc
Other
29,241.
9,000
income—.
doubtful accts.
Balance
ry.
—V.
.Taxes, other than -prop-'
•Prov. for
from
from
Net
202,146
'
Products, Inc.r~Common Stock Of¬
a new
stock was made May 4 by a group headed by
mon
From Jan. I—
Net
90,000
246,031
-
Electric
issue of 165,000 shares of com¬
Paine,
Webber, Jackson & Curtis; White, Weld & Co.; Lee Higginson Corp.; Estabrook & Co.; Merrill Lynch, Pierce,
Fenner & Beane, and Putnam & Co.
The stock was
from
Gross
Prov. for amort.' of spec.
■
Sylvania
fered—Offering of
1943
1942
1941 :
..: :V
1940
railway—... $38,568,792 $26,951,257 $17,048,034 $12,747,080
from railway.——,.
9,299,570
2,418.351
15,936,485
5,647,529
ry. oper. income.—
4,103,534
6,897,235
3,633,944
545,164
March—.v.;
$7,822,213
8,251,816
sold
of prod,
'
a
:
-
depreciation--"
v 1940
:
Gross
allowances $10,997,316
&
returns
1941
1942
1943
1751
estimated
($3,976,285)
proceeds
net
be
to
are
used
Payment of redemption price of company's -4Va(i
preferred stock, so far as required for such
(1)
convertible
.purpose.
w
:
The
?Net
profit..
""Does
include
not
'$89,530 in
$445,564
the
of
increase
$30,000
$59,582 in 1940
partly-owned subsidiary.
its
1941
Pending
the
of
passage
1943,
in
'
1942
the
Act
Revenue
$309,576
-
The
date.—V.
.computed
tire basis of the
on
1941
156, p.
Gross
rates.
Net
ry.
■
1941
1940
$86,602
$64,906
$55,536
143.898
27,927
13.081
9.549
25,963
15,881
3,809
1,685
541.585
231.166
178 383
166,572
320,801
62.401
45.278
41.070
99.643
31,403
19.628
16,726
income:..—
oper.
-
1942
$233,316
railway..-—
railway..—-..,
from
•Earnings-
1943
from
Net
Note—Earnings per common share was 94 cents in 1943, 45 cents in
4D42, and. $1.15 in l94i.—V. 156, p. 1614.
•
.
.
.
^
.
From Jan. i—V
Gross
Union Oil
Shell
•
.;
(& Subs.)—Earnings—
Corp.
1943
3 Mos. End. Mar. 31—
operating
.
earnings—__
-
-
Net
—
.—V.
income
;
...
f
Income
•Interest
tion
before
int.
discount
Provision
Fed.
&
for
$11,173,056
taxes...$15,053,758
income
from
from
1940
1941
1942
ry.
$2,029,350
$1,456,336
$914,863
$714,051
1,079.262
686.540
334.573
191,439
765,436
466,974
186.583
88.112
railway—
railway—..
Net
£
expense
5.456.551
3.871,481
2,455.773
1,987.921
2,786,491
1.665,496
860,092
546.857
income—.
1,940,440
1,038,526
railway.
railway
—
ry.
—v.
1,500,000
—
•
1276.
p.
income
for
the
be
would
Earnings per share
on
Standard
foregoing statement of income'for the quarter ended
includes dividends from Shell Pipe Line Corp. in the amounts
•of $450,000 for 1943 and 1942. respectively; the income for this company
amounted to $874,438 for the quarter ended March 31, 1943. compared
'with $621,682 for the quarter ended March 31, 1942.—V. 157, p. 1565.
A
,
the
211,193
418,676
estimate
net
for
this
(2)
Earnings
Ended
Year
1942
31,
Dec.
(iess expenses).—wjL——A—.
;Income from royalties
Dividends
for
$29,4608,509.^
received'
the
S37.969
Income before depl., abandon., and Fed', income tax—
Depletion and abandonments-.^-^__---^---..--------l,-:
Federal
income
ture
3,500
Net
$26,766
income
trustee;
•V South
totaled
Due
to
found
April
on
3,
annual
the
in
report
to
the
it
that
it
later
a
Federal
and
Federal
excess
State
income
.Dividends
Earnings
the
1942
Income
profits
Gas
paid
taxes..
1,615,580
surplus
.
the
for
tax
South
the
^compared
Penn
from
with $ 1,670,176
for
Gas
amounted
Co.,
the year
1941.
$2,073,392,
to
31, 1942, to reflect the net original cost as shown by the engineers'
and this adjustment resulted in
a
charge
to
surplus of
that the carrying value of
investments in other than
producing properties would more nearly approximate market quotations
intrinsic
estimated
of
values,
$3,500,000 has been
amount.
reserve
a
for
provided by
a
such
invest¬
charge to surplus
of that
valuation
of
'
*
-
income
excess
Dominion
Assets—Cash,
'
Balance
$8,830,544;
U.
S.
Sheet,
31,
1942
and
State
Dec.
Government
government
able,
($5,409,577 at
reserves
at cost, $9,509,143; property, plant and equipment (less
depreciation and deplet'on), $18,566,283; prepa.d expenses
for
excess
Liabilities—Accounts
accrued Federal and State
profits
taxes,
$1,796,354;
accrued other taxes,
$266,139; miscellaneous liabilities, $57,187; customers' deposits, $33,915;
annuities
and claims
due within one year,
$124,480;. annuities and
and
claims
due
payable,
$1,175,079;
excess
after
one
year,
$908,003;
reserves
for
valuation of
invest¬
ments (other than operating properties), $3,500,000; reserves for re¬
placement of depleted inventories of crude oil and contingent loss on
oil in storage, $663,703;. reserves for increased cost of annuities, $30,000;
reserves for death benefits,
826,758; other reserves, $101,732; deferred
credits, $65,268:
capital stock (par $25). $25,000,000; surplus, $12,922,330; total liabilities, $46,670,949.—V. 157, p. 1188.
tax
Bag
&
Paper
Co., Inc.
—
Bonds
Called—
have
$75,000
1955,
The
of
at .101.'A
been called
first
and interest.
Pennsylvania
Annuities,
for
mortgage
trustee,
156, p. 2230.
Company
15th
and
redemption, as of June i, 1943, a total
sinking fund bonds, 4
series, due
Payment will be made at the office of
for
Insurances
Chestnut
on
Streets,
Lives
and
Philadelphia,
and
receivable
need
to
the
and
amount of
will be used
shall be deemed
time to time, will
far
so
as
from
meet
to
needs
other
of
the
that-time.
At the present time
and the management does not
financing war production and sales,
at
use,
for
provided for by the company's so-called
now
mentioned,
the
but
change
stock,
from
management's
time
opinion
the
of
time.
to
the
which
and
considers
management
that
advisable to reserve for working capital purposes
will when deemed advisable be applied to the
or
relatively few shares of the preferred stock are con¬
expected that there will be any balance of the net
for the purchase or, redemption of debentures or
not
purposes.
^
Capital
Securities
of April 26,
as
1943
sinking fund debent., due June 1,
months'
$2,376,024
1,027,396
''The
6,217,928
:
under
stock
par')—
(no
to
shares ?iow
outstanding'...-
be
Earnings
offered
Dividend
and
$40)
:
—
165,000
shares
V-loan
(par
will
for
;
$4,000,000
,v:
$4,534,456
$10,000,000
85,000 shs.
59,824 shs.
905,000 shs. "'564,511 shs.
bring
Record
'v;
Outstanding
$4,000,000
———■■■■
preferred
conv.
stock
Common
$8,593,952
issued
notes,
agreement
cum.
1957
.
'/n;.
Authorized
1941
$3,449,230
860,4^6
the
available
credit
$4,309,676
141,532
the
total
Calendar
729,511
to
Years
Total
Vc of Net
1,750,000
148,224
470,000
.
(est.)—.—
taxes
-
income taxes
1932
for
year
to
$1,393,100
—
119,126
interests
minority
1938-
$1,632,573
1,356,033
$1.81
Note—The proportion
438,691
in
consolidated
into
accord
ings
of
Sept.
earnings has been reduced by 11'A % discount to bring
prevailing rate of exchange.
The share of net earn¬
affiliate is included in consolidated earnings only
January
19,
Aug.
with
and
1917
Corp.
12,
Consolidated
Sheet,
Dec.
Assets—
Bank
Bond
interest
ketable
and
dividends
investments
accounts
Affiliated
and
stocks
notes
3,336,378
on
Patents
Co.,
Inc.:
..1
Accounts
payable—allied companies
and
on
payable—Jan. 15,
Federal and Dominion
major changes
1,000,000
It
1,175,100
including lighting of homes.
44,579
104,626
—
21,035
:
contracts.
——
64,675
1943———.—
216,738
income
—
—
$493,623
and
excess
war
were
production.
going
include
now
As of
tubes,
directly
lighting
or
the end
indirectly
equipment
for
possible in most instances to do this with separate facilities and with
little
investment
peacetime
the
electronic
the
new
the
War
will
devices
be
company,
work
without
and
its
requiring
operations.
its civilian business.
lighting by the public,
resume
fluorescent
of
use
It expects that radio, including television
to develop.
Various new applications of
continue
will
by
war
to
its
intends to
company
increasing
capital
permanent
converted
were
the character of
in
anticipates
in
of
facilities
broadcasting,
made.
Company expects to remain primarily
fields.
and radio
add to its line of products
_
lighting
as
While the company will probably
opportunities develop, it has no present
expectation of trying to extend its business over the entire electronics
—
surplus
-
Lee
1,853,913
826,717
5,137,379
—
Higginson
&
Graham,
5,137,379
11,178,803
&
54,400
23,103
Corp
Co
Lynch,
Putnam
934,486
23,100
——
'
—•
14,800
....
Pierce, Fenner & Beane.
Co...
14,800
5,800
——
Parsons
&
Co...
4,500
—
Whiting, Weeks & Stubbs Inc.——
Surplus arising from difference between cost
and capital value of stock held in Canadian
—.
of
as
4,500
Brush,
11,732,642
.
stock reacquired——^
and the number
the company are
Weld & Co.—
Estabrook
Merrill
_
—
of each underwriter
agreed to purchase from
name
has
Jackson & Curtis.——A-
Webber,
Paine,
225,714
882,768
1,022,659
each
follows:
2,943,685
—
,
which
shares
...
White,
for development, contingencies, etc.—
Minority stockholders' interest in capital and
surplus of Canadian affiliate————_
stock
Underwriting—The
$589,629
19,056
prof¬
Reserves
Treasury
products
34,245
accruals..———.
prepayments
Capital
its
Products
6,400.636
130,928
present wartime production the
the public electric incandescent
and other purposes,
planes
74.488
223,277
to
field.
payable
taxes
of
85";
effort.
war
vessels,
sold
heavily engaged in
2,497,552
$20,386,541 $19,069,734
Accounts
its
and
now
30,994
Liabilities—
Dividend
lamps
1,221,374
1
Customers*
the
After
license rights (less amort.)—
charges, prepayments and advances..
refund (U. S. and Canadian)
pay¬
Massachusetts
the public "lamp bulbs"), radio
fixtures, and other electronic products.
1,262,493
unsecured
—
in
by
6,267,383
cos
for
1942
,
organized
was
its
of
and
called
1,324,594
Engineering
allied
Excess profits tax
Total
development
manufactured
1,000,000
of
December
:
1931
3,373,776
—
(trade)—
and
Deferred
29,
in
Lamp Co.
Name changed to Hygrade Syl¬
and to Sylvania Electric Products Inc.
Hygrade
42.823
inventories—
declared
_
1,440,916
receivable
assets
January
dividend
radio tubes and other com¬
munications
equipment for the armed services,
and other wartime
products.
While the company has undertaken to make certain products
widely different from those of its regular manufacture, it has been
mar¬
$19,293)
75.0
subsidiaries liquidated
the 4Vi'A
cumulative convertible
1942, declared
in December 1941,
on
Property—Company
June
about
1942
into
naval
in
1,419,694
reserves
t793,715
including four small
dividend
28,084
(less
bonds
&
accrued,
companies——
receivable
accounts
Combustion
•Fixed
of
$1,921,514
—
receiv.
allied
Physical and book
in
hand—1
on
1941
$1,402,514
3,698,307
cash
investments
profit
such
(generally
Company is
1942
balances and
Trade
31
65.8
1,057,759
1943.
as
on
the
to
lamps
Balance
74.3
701,949
1942.
Prior
company
to the extent of dividends received.
net
tlncluding
stock paid
including
in
vania
foreign
a
65.9
653,985
„A..;:
Business
t
289,233
880,625
not
ment
of earnings of the Canadian affiliate included
71.6
1,067,185
1932.
and
1,062,201
$1.72
60.2
741,236
—
preferred
—
526,223
—
i94i_._:
in
$1,497,250
62.4
874,416
1942-
profit for year—
Cash dividends paid or declared———__
Earnings per share (866,955 outstanding— net).
$531,145
1,034,736
'
1936—
$1,632,573
Net
Distributed
1934
"'Consolidated
.
Profit
Paid
"'$851,527 i-
—:
$1,701,661
69,088
$1,273,974
223,276
Dividends
Profit
$3,403,420
128,535
560,000
865,000
555,044
__
affiliate
There
of
—
is
it
other
10
—
_
———-
(est.).;
profits
Earned
Southern Advance
because
4,/a%
earnings—after adjustment of min. ints.
Post-war credit for refund of excess profits tax
(including $14,348 for post-war refund of Federal
profits tax), $505,035; total assets, $46,070,949.
income
"
lor
deferred charges
and
-
<•
-
.
applicable
"
investments,
.
sources..
proceeds,
management
production
above,
for the
1654.
$10,488,836
7,039,606
net
the
proceeds
may
p.
Company)
Net
Tuv.
including $110,096 pledged as security for taxes and claims,
market quotations), $5,355,882; accounts receiv¬
$1,003,133;
inventories,
$2,700,308; other
receivables, $200,621;
cost
157,
1942
and foreign
Earnings
Profit
securities,
at
kwh.
converted
be
governs
stock which
present opinion of the management that approxi¬
is the proper amount of additional working capital
necessary
proceeds
1940
Deferred
Consolidated
Canadian
Affiliated
—
Marketable
order
in
Its
earnings
adjusted,
$2,683,863.
'•
154,178.000
will
which
common
the
preferred
not
fluorescent
were
reports,
'
with
increase of 11.8'; .—V.
an
that
the
purchase or redemption, and retirement, of a part of the company's
outstanding 2V4%
sinking fund debentures due June 1, 1957 or to
other purposes including possible additions to plant.
If a large part
of the net proceeds have to be applied to the redemption of preferred
as
;
or
compared
as
by
financing is
is
mentioned
verted,
Co.
such
not
purposes
of
is
as
shares
unconverted,
working capital with the expectation that
and after the termination of the War to finance
such
use,
amount
stock,
kwh.,
other
*
property accounts of South Penn Natural Gas Co.
ments
it
operating companies in the
system for the week ended May 1, 1943,
operations..
from
$3,27
.2,750,000
was
Natural
preferred stock remained
considerable part of the
but it is impossible
converted,
be
Any of such net proceeds which are not required for the redemp¬
tion
utility
...
Federal
$3,269,273
•
of
will
of
accounts
does
$2,000,000
(3)
of
upon
and
It
proper
there
1942
profits
purpose.
company's
anticipated
such
the
for
representing
Jr.,
public
the
,
Gross
excess
excess
fund moneys
Assuming net
sinking
of
this
Net
profits taxes shown above have been calcu¬
provisions of the Revenue Act of 1942.
In computing
the
used
to
mately
representing a group of deben¬
representing
Josephthal & Co. of
Chicago,
Hyde
T.
week last year,
Depreciation
$5,080,137
3,625,000
-
for
40,000 shares of
probable that a
the sale of
advisable
the
company
intend
at this time.
Among others
Guaranty Trust Co., New
Costs, selling, administrative and general exps._
129,130
$5.08
to
be
V-Loan.
were
Calendar Years—
Income
was applied against the
income
computed a carryover credit of
$1,517,325.
After this credit the excess profits tax for the year 1942
•was
estimated at $143,478, of which amount $129,130 is included in
the above
tax expense
figure and the balance of $14,348 is carried
ias a post-war refund of excess profits tax.
During 1942 company completed 333 oil wells. 366 pressure wells, 40
gas wells, totaling 739
wells exclusive oi 14 dry holes.
The majority
of the oil wells and pressure wells are located in Pennsylvania, and
the majority of the gas wells are located in West Virginia.
A total of
1 419 wells which had ceased to produce during the year were abandoned.
The intangible development costs for the year 1942, including expendi¬
Also,
of
(And
Sales
533,679
—
—•
and
profits tax
excess
which
Dec.
intervene
$3,802,952
share...
per
under
The
the
the company's plan
the SEC on
the company
to
Electric
&
'■
1941
$6,824,847
profits taxes
excess
tax.....
transferred
income
tures
W.
output
Federal
on
made May 5
California; Albert Fleischmann, Baltimore,
172,374,000
Profit
Calendar Years—
will
because
Sidney Schiff.
in
date,
«Net income before income &
lated
before
was
Superheater Co.—Annual Report—
be considered
may
if
stock
remain
balance
to
company's
3'A';
uneconomic to reopen certain of
consequently the company has charged
to expense and added
to reserve for depreciation and depletion the
amount of $53,815 as extraordinary obsolescence of service stations, in
add-ition to the normal provision for depreciation and amortization of
the cost of these properties.
The
stockholders
preferred
way
to protect the
committee be formed
will
or
added
be
made by Harry H.
was
corresponding
rationing of gasoline and its effect on sales, the company
necessary to
close a number of its service stations.
It is
stations at
Net
Plan
the
possible
these
-Recapitalization
York, and Claude S. Pearce of Toronto.
Standard
Co.—Earnings, etc.—
Noel Robinson," President,
shareholders, said in part;
Co.-
Weekly Output—
$21,762
Penn Oil
cumulative
$4
holders;
Electric
■■'■
stockholders'
a
appearance
holders
New
^Dividends : paid
the
proposal
debenture
the $59,205
required
purpose.
The
inventories
that
entered
York,
7,703
(estimated>"———'-1
tax
Electric
&
proposed plan filed by
who
,
Gas
Seff of Akron, Ohio holder of
1.500
shares
of
the
$4
preferred stock.
Richard Townsend, trial
examiner, suggested that he talk the matter over with the Public
Utilities Division and the Corporation Finance Division of the Com¬
mission.
Mr. Seff was one of about half a dozen parties who inter¬
vened in the case and was the only one to present his opposition to
Signal Royalties Co.—Earnings—
plus
from
number
that
proceeds of
..
when hearings got under
for recapitalization.
The
(plus
be
appears
the
it
proposal
interests of
It
preferred
number
Opposed—
Note—The
; March 31
would
company
available
so
unconverted.
,
$4,656,546
$0.36
period__^_i._______iW__
$5,067,188
common stock..^—,
$0.39
the
outstanding
necessary
Net
offered
now
above)
to
to
oper.
157,
share
per
—
from
from
Net
5,754,000
7,753,000
adjustments.—
income.
oper.
From Jan. 1
Net
762,510
733,570
/
—
taxes
income
post-war
a
Gross
together with amortiza-
and
lor Federal
Provision
1943
.
,
Gross
$46
at
the common stock offered hereby of
$3,800,000, $1,107,301 of such proceeds would be available for other
purposes
if all the preferred stock outstanding on April 26,
1943
remained
unconverted and a little over $2,000,000 of such proceeds
,
funded debt;
on
of
mentioned
'A':'''
'
March—
depreciation, depletion,
Net
■
stock
common
1189.
p.
Spokane Portland & Seattle Ry.—Earnings—
from
operations—$25,109,899 $22,254,219
intangible
development expenditures; amortization, and :
■
»
.
abandonments
10,056,141
11,081,163
for
157.
notice
daysr
30
upon
tp
$59,205
proceeds
:
Gross
Provision
railway——
from railway—.—
ry. oper. income.-,.
Net
1942
.
.
$88,854,991 $85,789,108
Costs, selling and general expenses—... 63.745,092
63,534,889
Gross
from
redemption
redemption date.
The preferred stock transfer agent
in
the
preferred stock sinking fund
which will be
applied to the payment of the $46 per share of said call price, and
the
balance of said
$46
per
share will be paid out of said net
proceeds.
The accrued dividends will be paid out of the general
funds of the company.
Shares of the preferred stock may, after call,
be
converted
into
common
stock
at
any
time up to the close of
business on the third business day before the redemption date.
As of
the close of business April 26,
1943, 53,824 shares of the
preferred stock were outstanding, not held by the company.
Assuming,
that such shares are called for redemption on June 5, 1943 and that
none of
them shall have been converted before the expiration of the
conversion right on June 2, 1943, $2,692,699 of the proceeds of. the
holds
1245.
Spokane International rr._
March—
;
for
dividends
capital stock
has,
company
ofl $625,000: in .respect of Federal and Pennsyl¬
vania- taxes'-based On' income, representing approximately. 71A
of net
profit before such taxes. This is substantially in excess of the amount
the. amount
provided
called
is reported to have paid a dividend of $20 per share
on April 12 to stockholders of record of the same
company
its
on
outstanding shares of preferred stock will, upon the issuance
delivery by the company of the common stock now offered, be
and
Southland Cotton Oil Co.—Pays $20 Dividend—
•
$13,000 In 1942,
this company in
1
equity of
in the
and
the
$527,253.
$250,302
.
3,300
Slocumb
Yarnall
338,535
322,922
Dr2,467,258 Dr2,018,885
Minsch,
•
&
Monell
Mackubin,
Stein
Bros.
&
Co
Co..—
Legg
&
3,300
—
Co.—.
3,300
——
& Co.—.——
2,500
& Boyce..
2,500
•
Herbert
Total
Granting
Pa.—V.
•Less
in
—
reserve
1941.—V.
for
157,
p.
depreciation
1567.
of $1,346,559
$20,386,541 $19,069,734
in
1942
and $1,697,539
Van
W.
Schaefer & Co.—
Alstyne, Noel & Co
Wyeth & Co
—V. 157, p. 1654.
—
1,700
1,700
...—
—
:
1,700
Monday, May 10, 1943
♦Less
Central Ry.—Earnings—
Tennessee
Comparative
of
Statement
Income
for
1942
operating revenues—
operating expenses—:
tax accruals
Railway
Railway
Railway
1940
$2,937,785
$2,589,413
2,977,598
2,185.033
1.933 930
340,323
216,472
170,240
_
_
1941.
offset by
was
p.
$669,360
$536,280
$485,243
14.910
__ _
15,705
12,095
_
$684,270
income
Net
$160,369
$72,425
52,500
35,000
35,000
.
Dec. 81, 1942
Sheet,
cash,
$350,252; special deposits,
$37,032; net balance receivable from agents and conductors, $61,432;
miscellaneous
accounts
receivable,
$335,929;
material and supplies,
assets, $1,309; deferred
$158,789; total, $10,183,853. •
other
$332,052;
7%
Liabilities—Preferred
grants
$500,000;
cumulative,
$75,623;
assets,
current
adjusted debits,
Earnings For March
Net
ry.
1942
$402,144
railway
in
Dividend
36.463
843,843
704,302
Net
railway...'
from
310.506
163,361
207,653
Net
ry.
—V.
Pref.
$32,008
262,293
$294,301
50,781
10,597
$162,172
218,400
255,635
283.468
$308,159
65,386
$341,080
49,351
10,106
70,250
$167,992
$186,403
212,775
$211,373
217,275
'M
46,020
114,551
—
:
——
declared'—
divs.
income
profit
(or)
of
48,318
i
8.052
70,750
212,070
loss
tlncludes Federal
securities,
of
sale
$7,952.
tax
unrealized
$7,308,602,
depreciation
investments
of
less than
$6,031,130
or
on
income
173.845
75,036
107,416
Balance
88,984
Assets—Cash
securities,
31, 1943, was
Mar,
1942.
on
31,
Dec.
on
in
banks,
of
1943
investments in U.
$890,616;
securities
$950,358;
March 31,
Sheet*
interest,
for
dividends,
Liabilities—Interest
Coal, Iron & RR. Co.- -P urchases $4,000,000
and
to
advances
S. Government
majority owned
agreements
contingent
securities,
sell
to
The
$178,822;
30
1944,
30,
1,
Net
from
Net
ry.
76,617
59.948
railway
income...
oper.
•
.
30 Pine
agent,
from
Net
from
Net
ry.
405.196
286.824
277,458
150,228
82,282
107,369
54,407
♦4,475
electric
157,
ry.
railway—
1941
$11,655,539
$7,402,045
$4,473,065
1,409.714
2.640.458
1,626.328
793,488
372.519
_
railway
railway.—.
from
ry.
—V.
12.797,837
7,697,848
4.076.430
3.814.910
2.310.617
.
19.494,168
1277.
Consolidated
Income
after
sales
cost of
deduct,
,
362,868
5,509,094
______
1,149,609
Net expense of sundry real estate
1,000,000
90,246
plant assets
sold
income
Federal
normal
Federal
excess
scrapped
or
98,180
28,783
ings
10,274
47,154
weekly
(net)—_
tax
profits
i
State
taxes..
(est.)
__™„
—
profit
dividends
paid
—
Provisions
for
______
and
depreciation
not
11,725,000
39,700
34,800
shell
Crl,455.000
$2.68
amortization,
for
securities
receivable
accounts
—
—
$100,0001
(less
and
advances
to
refund
tax
♦Misc. notes and
tlnvestments
(est.)
accounts receivable,
in
real
_
etc.___^__
associated
estate,
6,359.339
eign and other companies, etc
6,546.891
15,213,387
,
942,153
■
i
264,222
86,541
144,70(3
21,042,713
340,043
payroll, etc
payments on sales contracts
Advance
Provision
Federal
for
refund
to
U.
S.
^Common
on
$7,058,305
16,000,000
income
stock
$4,511,909
331,017
Govt
(est.)—
Accrued local, State and Canadian taxes,
eral capital stock tax, and royalties
Reserves for operating and contingencies
taxes
*"
Net
Fed-
«
702,824
473.546
5,029,9 76
3,479,049
6.333,250
—_____
,
ry.
1941
1940
$83 345
$56,869
25.122
23.852
7.796
20,767
13.677
16,473
3.643
244,796
42.063
income
oper.
1942
•
$137,382
<
v
From Jan. 1—
Gross
railway____
389.441
320,469
243.320
railway.—_
105,593
73.333
64.608
56,748
income.._
50,589
27,290
32,218
27,654
from
Net
from
Net
ry.
—V.
oper.
157, p.
1278.
Virginian Ry.—Earnings—
1942
1941
1940
$2,474,551
$2,309,672
$2,479,930
$2,093,313
1,271.533
617,474
1.165,050
1,390,596
1.148.136
635,111
981.986
870,182
railway....
railway
6,935,138
6.902.022
7.177.778
6.406,500
3.460.354
3.476.561
4.142,661
3.585.471
income
1,888,866
1,904,147
2,961,641
2,769,482
March—
Net
1943
from
Gross
railway.
from
rahway
Net ry. oper. income..__
from
from
Net
ry.
—V.
oper.
157, p.
r:
1655.
directors
The
dividend
share
pany paid
Dec.
on
an
of
extra
in
stock.
to
Corp.—No Dividend Action
action
no
A
quarterly
declaration
the
on
distribution
of
of
a
cents
50
last.
During the year 1942 the com¬
per share on June 1 and an extra of $1
$7.14
addition
cents each.
The
took
30
capital
made on March
was
1,
April
on
the
on
1,
four
regular quarterly disbursements of
'
*
••
.
50
••
announced that at present it is engaged in a iarge
program of expansion, which is being financed in part by resources
of company and in part by loans from banks.
%:• :r.-;
company
"This
expansion,
which
involves
large
to
additions
company's
pro-*
duction of
in
iron ore," the company states, "is expected to be completed
early months of 1944 and at that time should result in a large
the
to
earning capacity.
For protection of the company's strong
condition, however, directors believe that cash should be con¬
Therefore,
additional dividends during 1943 can only be expected if they can be
paid while preserving an adequate cash balance."—V. 156, p. 1696.
financial
served
pending completion and operation of the new mine.
Western Pacific RR.March—••
Gross
Net
1942
1941
1940
railway____
railway
$3,672,139
$2,656,303
$1,619,558
$1,250,535
1.635.112
941.384
419.323
178.216
income—_
f
843,594
692,053
206.073
22,363
railway__—
railway——
from
Net
ry.
Earnings—
1943
9,407,650
7.091.387
4.376,638
3,474.225
3.667.495
2.024.776
1.010.132
472.006
income—.
1,849.409
1,236,286
424,169
4,144
from
______
oper.
From Jan. 1—
from
Gross
Net
from
Net
ry.
—V.
oper.
157, p.
1279.
Western Pacific RR. Corp.—Stock Off
List—
Notice
having been receive by the New York Stock Exchange of the
of the registrar of the preferred stock of this road, and
in the absence of notice of the appointment of a successor registrar,
the preferred stock is suspended from dealings, it was announced on
April 29.
The common stock of the company was stricken from listing
on
the Exchange in September. 1939.—V. 152, p. 3362.
resignation
piercing shells,
landing mat steel,
portable
sub¬
tank landing craft,
Western Ry. of
plant
chemicals and
ry.
gave
of
March
considerable
steel
plates
considerable
time
to
discussion
a
;
of
$309,724
$195,985
$151,822
213,772
119.080
44.339
22.693
'«V 58,254
40.257
railwayrailway
1,294.915
income—.
21.611
10,253
802.258
530,827
430.02 L
561.478
262.474
116,304
49.446
163,600
income™
oper,
112.867
53,694
15.984
the
Truman
of the Irvin works at Clairton, Pa.
prominence was given in the press to cer¬
Mr.
:
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
oper.
157, p.
1279.
Wheeling & Lake Erie Ry. —Earnings1943
1942
1941
1940
$2,351,741
$1,773,820
$1,717,261
$1,167,566
1,045.605
590,876
615,501
356.679
310.428
185,562
398,067
283.480
March—
'
1940
1941
$477,726
railwayrailway—,——.
from
Net
1942
1943
from
Net
the erection of various structures
:
Alabama—Earnings
March—
Gross
Gross
from
Net
Net
ry.
railway
from
railway
oper. income—.
From Jan. 1—
Gross
6,571,424
railway
railway™
Net
ry.
—V.
157, p.
4,556.103
3,737.198
1,567.293
1,615,926
1,198.080
870,288
,
4.898.419
2,846,731
from
from
Net
632,898
1,106,372
966,713
income;,''
oper.
1279.
is
no
proper
6.257,750
37,961,877
Wickwire
basis for anyone to question the safety of these
or
The
pointed out that since the Truman investigation the speci¬
fications of the Navy Department have been changed and the tensile
Olds
produced at converted strip mills, such as Irvin,
pounds per square inch from 60,000 pounds
heretofore requested, and added the testimony before the Truman com¬
mittee showed the maximum deviation at Irvin had been in the neighbornood of 2,000 pounds per square inch.
"Much of the testimony before the Truman committee related to
strength
of
plates
had been reduced to 58,000
Spencer Steel Co.—50-Cent Dividend—
directors
the
on
May 15.
stock,
$74,723,734 $58,218,731
3
par
declared a dividend of 50 cents
$10, payable June 1 to holders
per
of
share
record
similar distribution was made on March 1, last, on June 8
A
and Sept.
May
on
common
21,
1942, and on Dec. 23, 1941.—V.
157, p. 1279.
< -
.v
Windsor Arms Ltd., Toronto, Canada—Bonds Called—
of
All
the
20-year 6 ¥2% first mortgage sinking fund
1, 1927 have been called for redemption as of
102 and interest.
Payment will be made at The
Trusts
Corp.,
trustee, Bay and Melinda Streets,
outstanding
gold bonds dated June
June
1,
Toronto
1943
at
General
Toronto, Canada.—V. 125,
Wood
dend—
dividend
A
of
pares
on
was
with
this
$2
issue
$1.75
on
payable
tribution
115.
Corp.- -Accrued
Machinery
Newspaper
accumulations
value,
p.
Divi-
,
the
1
June
made
paid
since
on
per
$7
share
has
cumulative
to amount to $75 per
been
prior
declared
preference
on
account
stock,
no
of
par
to holders of record May 18.
A similar dis¬
March 1, last, and on Dec. 1, 1942, which com¬
on Oct. 6, 1942.
1931.
Arrearages
,
Total
.
$103 898
1943
-.
railway—
roilway___
from
safety or suitability of these particular plates for shipbuilding pur¬
Mr.
5,203,584
39,599,379
Earned surplus
armor
destroyers, escort vessels, cargo ships,
poses, especially taking into account that the margin of safety in the
prescribed tensile strengths for ship plates is three or four to one.
"At a meeting at the War Production Board on April' 8, last, Rear
Admiral Howard L. Vickery, vice chairman of the Maritime Commis¬
sion in charge of its
shipbuilding program, stated (that although the
tests of some plates at the Irvin works fell slightly below the specifi¬
cations, so far as the tensile strength was concerned, this material
would
have been accepted had such deviation been reported to the
Maritime Commission at the time."
$74,723,734 $58,218,731
payable,
gave
their suitability for shipbuilding purposes.
The deviations
specifications primarily concerned slight variations from the
prescribed minimum tensile strength as to a small part of the production of plates at the Irvin works.
These deviations were, as official
declarations have recently attested, of too minor a character to affect
the
Liabilities—
Accounts
Olds
"There
plates
1,455.000,
544,137
—-—__—
the major steel products
substantial rise in costs.
from
20,774,583
^Property, plant and equipment
Pittsburg,
quently be imperiled.
for¬
Deferred charges
Total
17,268,810
877,956
:
;
the
at
from
Net
of
a
through
not
1
consolidated
prices
1.939 despite
reports of the testimony before the Truman commit¬
Olds said.
"In some quarters an impression was created
exaggerated accounts of the irregularities at the CarnegieIllinois plant at Irvin that the plates in question were defective and
unsafe, and that the lives of our sailors and soldiers might conse¬
$8,307,430
8,302,319
subsidiary
current
inadequate
tee,"
18.808.456
—
-—
in
in
purposes.
investigation
of
;
™^_
Inventories
reserve
that
as
capital
coke
war
Mr.
1941
$5,663,778
—
Post-war
mill
Ry.—Earnings
addition
same
and
essential
$3.92
included
1942
Cash
►
Utah
March—
special aircraft tubing, wires and cables for Army and Navy use, bullet
core
steel, and hundreds of other articles made of steel, as well as
$9,476,839
8,459,830
Consolidated Balance Sheet, Dec. 31
Investments
Industry
.
declared
the
explosive
tain
Trade
Says
average
"Last
Assets—
Marketable
Corp.—Chairman
Higher Prices If Costs And Taxes Experience
and tanks, ship plates and other shipbuilding material, shells,
forgings, bombs, anti-aircraft gun parts, special steels for high
ships
material in amount.
■?
.
full-time operation
and
rod
.
per
,
for the year 1942.
Enumerating the activities of U. S. Steel in the war effort Mr. Olds
told stockholders the corporation was making armor plate for naval
45,062
$6,475,262
4,837,760
_
'
of the Columbia Steel Co.'s new
Calif., works, marks another
finished step
in
the United States Steel
Corp.'s
$700,000,000 war.
expansion program, Columbia Steel Co. officials announced on April 26.
Operation of the mill substantially adds to United States Steel's in¬
creasing finished steel facilities in the Pacific Coast area.
The new rod mill is a complete separate unit from the rest of the
rolling mills and is served by its own auxiliary equipment.—V. 157,
p.
1655.■■•v,:"
:
Completion
continuous
Warren Foundry & Pipe
Mining Co.—Cor¬
March 1943 were approximately 50% higher than the weekly
for the year 1941, and approximately 29% higher than the
in
average
above, amounted to $2,806,682 in 1942 and $1,991,289 in 1941.
(2) The
operating results of the Canadian subsidiary,
included
•
the
weekly earnings were $47.66.
These average weekly earnings
with a weekly average of $28.56 in January 1941; a weekly
of $31.89 for the entire year 1941; and a weekly average of
$37.03 for the entire year 1942.
In other words, average weekly earn¬
5,275,000
14,550.000
surtax
tax__
refund
39.836
3,875,000
•
and
Earnings per common share_
i:
Completed—
average
holdings, incl.
charges:
income
and
are
over
States * Steel
-
marine nets,
above,
Mill
New
•.
compare
provision for depreciation—
exchange
Notes—(1)
15.4%,
companies
average
1,455.000
136,338
"
Canadian
Cash
as possible of a much-needed war material.
Neither these
nor
Carnegie-Illinois benefited financially from such
an
irregular practice."
,,
,•,
...
•
•
employes
Net
for the week
kwh., an increase of
corresponding week last year.—
system
124,2Q1,875
to
•
and
65,804
33,102
—_
irregularities and improper recordings of
at Irvin works was not sinister.
Their
to a desire to produce as great a
these
individuals
to have been due solely
chairman.
5,436,619
_
Net
Co.—Weekly Output—
the U. G. I.
figures covering 22 000 employees of two principal
coal mining subsidiaries, through March of this year.
They showed:
In March of this year, the average hours worked per week by wage
earners
in these coal mining subsidiaries was 38.5 hours; and their
$30,661,935 $34,479,767
.
tax
for
amount to the owners of the business, to attract
when required,
and to permit retaining enough
money
out of earnings to provide for technological progress and to
take care of future demands."
Discussing the coal situation, Mr. Olds said that a shutdown of
bituminous mines would result in a "most serious curtailment of U. S.
Steel's production."
He added that high rates of steel operations over
many
months have prevented the accumulation of a large reserve
supply of coal and coke.
v
Mr.
Olds said much had been
heard recently of the wages paid
'
admin, and gen. exps.
Contribution of company to retirement annuity
plan for employees
i
—_
Provision for war emergencies_
Excise, sales and use taxes.—.:
Post-war
or
additional
1941
465,673
Seling,
Canadian
for
few
a
From Jan. 1—
reasonable
a
pay
goods sold $30,196,262 $34,116,899
™_—
„
Miscellaneous
by
which the
chemically
quantity
1655.
Olds
about
miners,
on
fiscal
earnings over the years of any basic industry, such as steel,"
Mr. Olds continued, "should be sufficient after taxes and other costs to
I
1942
Calendar Years—
Loss
& Co.,
"The
Account
(Including Canadian subsidiary)
income
Sachs
1783.
of
Olds,
are
Bearing Co.—50-Cent Dividehd—
4 declared a dividend of 50 cents per share
<on
the no par
value common stock, payable June 5 to holders of
record May 20.
A similar distribution was made on March 5. iast.
Payments during 1942 were as follows:
March 5 and June 5, 50 cents
each; Sept. 5, 25 cents, and Dec. 5, 75 cents.
from
p.
1655.
S.
Roller
rThe directors on May
Inc.
156,
report
Mr.
Other
Y.—V.
for steel products will be necessary to safeguard the
industry's financial position if further increases occur in operating
expenses and taxes.
This opinion was expressed to stockholders of the
corporation at their annual meeting in Hoboken. N. J., May 3 by Irvin
1,140.026
.
Timken
1,
the office of Goldman,
amounted
Further Rise—
2.901.482
7.374.037
32.176.258
_
157, p.
at
April
New York, N.
kwh.,
p.
Will Need
11,228,307
17.091.826
income...
oper.
that
.
motive
"The
Called—
June 1, 1943 a total of
1955 at 102 V2 and interest.
of
as
Higher prices
from
Net
Net
made
St.,
output
951.246
From Jan. 1—
Gross
payment
debentures due
1943,
-xinited
$3,768,436
3,259,618
_
income—
:M- '^1940 %
1942
6.216.693
j
railway
oper.
for
which appeared in last week's "Chronicle" under the
United States Smelting & Refining Co. should have been
given under the above name.
The earnings in the first tabulation
covered the two years ended Dec. 31,
1942, and 1941.—See V. 157,
p.
"
Net
157,
The
1277,
p.
1943
from
of America—Debentures
Co.
called
1,
May
heading
Texas & New Orleans RR.-—Earnings
from
taxes, etc., $75,999; bank loans due
convertible debentures, series A (due
rection—
22,628
225,984
March—
Net
due
$292,020;
etc.,
cumulative
United States Smelting, Refining &
196.427
income—.
'F' as a prefix, which
of recording heats and
they indicate no variance from
the steel furnished to it was
'
that
and
conclude
action seems
3.526
♦3,958
532.872
railway
♦Deficit.—V.
Gross
records
can
.
railway
oper.
$6
United Gas Improvement
16.615,160
33.042
its
Navy
defective.'
Gross
V.
41,259
From Jan. 1—
Gross
will be
Payment
1940
$113,230
$165,172
83.719
:
been
3 Va %
of
$63,672
1941
$187,203
99,147
railway
have
$280,000
ended
1942
1943
from
5%
$2,460,000;
United Biscuit
Ry.—Earnings—
March—
expenses,
$5,900,000;
1953),
There
The
Gross
payable,
dividends
preferred stock (141,380 no
par shares), $3,534,500; common
stock ($1 par), $2,429,318; surplus,
$24,828,711; total, $39,732,170.—V. 157, p.' 903.
Jan.
retirement, any and all of
Texas Mexican
This method
'fake.'
meant
was
port to the United States Senate, in which it was stated:
" 'On April 16, the Navy informed the committee that it had exam¬
Gross
accrued,
for
reserves
Sept.
offered to purchase on or before July 1.
the outstanding general mortgage
5 %
gold bonds due July 1. 1951, at 125 %; of their principal amount
together with interest thereon at the coupon rate to July 1, 1943.
Said
bonds should be presented at the office
of the United States Steel
Corp., fiscal agent, 71 Broadway, New York, N. Y.
This offer expires
on July 1,
1943.
\
'
>
It was also announced on April 30 that "approximately $4,000,000
par value of the outstanding $11,276,000 general mortgage 5.%
bonds
due
July 1, 1951, which this company offered to purchase for the
first time on April 30 at $1,250 for each $1,000 bond, together with
interest to July 1. 1943. were presented before noon on April 30 for
payment to United States Steel Corp."—V. 157, p. 261.
April
on
company
for
for such a lot of steel, .based upon the
irregular and improper, and entirely contrary to Car¬
negie-Illinois' testing procedures. _ Nevertheless, it should be made
clear that this irregularity—regrettable and deplorable though it was
—did not concern or affect the quality of the steel, which, so far as
the record discloses, had been tested for chemistry in accordance with
the specifications, and had been found satisfactory.
"Several weeks ago the Truman committee made a preliminary .re¬
etc.,
against cash, $32,800; due for securities purchased,
for securities loaned
of Its Bonds—
1943,
and a chemical analysis
actual chemistry
given to such a lot of steel,
was
up
testified
analyses
corporations, $5,473,772; securities of other corporations,
$31,895,179; receivable for securities sold and called for redemption,
$121,115; dividends and interest receivable, $99,460; special deposits
$301,67Ql total, $39,732,170.
Tennessee
made
subsidiary
1277.
p.
$34,602
306,478
—_
♦Before
187.067
oper.
157,
however, was then
tested for chemistry
...
682,623
railway
$24,690
__f
♦Net income
;
25,338
1,081,496
from
1940
60,250
Expenses
From Jan. 1—
Gross
1941
$288,813
——
53.843
38,005
been properly
steel of that particular grade.
"These invented heat numbers had the letter
ined
1942
$219,868
71,347
March 31
Ended
$33,173
—
income
Taxes—.
The
66.256
number
heat
witnesses
stockholders
to
income
Interest
1940
$242,996
$309,876
report
evidence,
No
.
not
manufacture.
In the rolling at Irvin, subsequent to
such tests for chemistry, the beat numbers of a relatively small num¬
ber of heats of steel became lost.
In these Instances,' an imaginary
tests
Total
'
1941
31
income
Interest
of
76.543
income.
oper.
March
had
steel
the
the place of its
at
:
un¬
aid
132.061
railway
from
Net
and Year to Date
1943
from
Gross
its
that
introduced
analysis.
chemical
'faked'
alleged
was
1943
$5,069,160; loans and bills
payable,
$100,000;
traffic and car seervice
balances—Cr$496,675;
audited accounts and wages payable, $274,469; miscellaneous accounts
payable, $23,183; interest matured unpaid, $1,906; dividends matured
unpaid, $19,317;
unmatured interest accrued, $50,916; accrued tax
liability, $221,300; other current liabilities, $13,257; deferred liabilities,
$480,994; unadjusted credits, $1,089,120; corporate surplus, $1,738,965;
total, $10,185,853.-
March—
of $18,891,351.—V. 157,
(tax senes)
;V
Earnings for 3 Months
debt,
long-term
$106,591;
construction,
U. S. Treasury notes
$8,833,435;
Assets—Investments,
1942
in
the corporation shows net
assets, before deducting bank loans and funded debt, on March 31,
1943, of $31,843,927.
Assets at Dec. 31, 1942, were $25,619,063 and
on
March 31, 1942, were $22,453,667.
Net assets on March 31, 1943,
indicated an asset coverage of $166.10 per share of preferred stock
and $3.84 per share of common stock, as compared with $122.07 per
share and $1.28 per share, respectively, on Dec. 31, 1942 and $92.37
per share of preferred stock on March 31, 1942.
1
'
424,914
$245,991
Balance
1942 and $208,000 in
1941.
tLess
$1,091,678 in 1941.
JLess reserves
in
and
1942
$24,567,520
Tri-Continental Corp.—Earnings—
$497,339
391,617
income.™.
_
Dividends
$551,986
438,279
income
Gross
of
559.
In
Deductions from gross
in
and $23,495,543 in
1941.
2,419,380 no par shares in 1942 and 2,417,380 no par shares
♦♦Provision for Federal income taxes amounting to $18,891,351
^Issued,
in
$155,257
$590,031
depreciation
of
Railway operating income—
Non-operating income
1941
$3,987,281
-
of
reserve
of
reserve
Years
Calendar
for
These
as
were
of March
share,—V. 157, p. ?36.
the first payments
1, 1943, were said
'
@FedFRASER