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AD#*
BUS.
LIBRARY
MAY
MONDAY
1.1194?
\Beg. U. 9. Pat. Office)
•
'
.
Volume 155
Number 4071
New
York, N. Y., Monday, May 11, 1942
illlllllSTATE AND CITY
'
.
1
"'V'.' '.'y-::y/.
'
Price 60 Cents
Copy
a
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
with' liabilities
: f-
,y
!•'/:
-7?
'Lvvy*
'
C
.V«!
.
.
,
v\
.,V ■>
t
J
a«
Corporation News
A-*/v****"'
•••
.
1i
i'V*"*
;Vt-''
<.1
ii-
•»
V*
IllillpS: QU0TATI0NS-|S||||1|
I '; Ji New York Stock Exchange
New
York
30, 1941, was $31,377,000; at June
30, 1939, $38,712,000; and at June
30, 1937, $12,635,000. ^
V
;
(sums due other
of $14,370,000, leav¬
surplus of $5,728,000.
The last registered warrants were
retired in February. General fund
ing
cash
a
in- the
revenue
^ j*r >t;,V ;'.*• *
l"*1
<'ft
;y S'
;::kl
A»*f >#*■«
,
•*£
hsaeiy^s^^-i&'£;
j v:7.V*■*.'/■* ■<
The
State funds)
V;In This
7
"
nine
months
cussed
estimated for
the
the
State
the period
retail
sales
on
following
ratio
Nomtember,
^
131.3
—'
for
of
13%
last
over
directly
Arkansas
cigarette tax $175,292,
against $130,373; liquor tax
$92,673 against
$75,807.
•
■
-y
Bonds
It
is
and
Notes
Jonesboro
Purchased—
stated
by F. A. Storey, Jr.,
Supervisor of the Refunding De¬
partment, in connection with the
call
for
United
tenders
States
on
bonds
April
30,
of
Arkan¬
and
highway refunding bonds, the
Refunding Board purchased $278,-
sas
000
3*4 %
state
highway bonds
maturing in 1943, for $285,184.38;
$991,000
iy8% U. S.. Treasury
notes
Sch.
Dist.
(P.
case
opinion
by
reduce
with
Jack
Holt,
school
non-bonded
to
Gasoline
Tax
Receipts
Dip—
terest
Gasoline tax collections for April
Act
totaled $975,522; compared with
$1,001,968 in the 1941 month. The
aside
small number of clear days was a
to
teachers.
the
in
factor
decrease, according
cashier of the
Newt Sheffield,
to
department of
revenue,
of
that
ers
an
revenue
Mr.
Holt
agreement
would waive
7
•
'
113.5
102.3
135.8
112.9
89.6
121.6
109.1
124.1
the
large proportion of
a
Of' the $3,300,000
;
:
v
estimated
that
traffic, such as the Golden
Bridge, would be expected
Gate
to fare
the
ultimately
motor
of 35 %.
should
will
travel
lose
comparatively little.
statistical compari¬
Following is
an
of
son
Some facilities
:
!
a
the
financial
these facilities:
Carquinez
,,
strength
>
;
;.
Golden
(Inc: AntiochV
Revenue, 12 months to March 31,
Interest,
1942-43
Maturities,
Operating
Total
.
are
Times
requirements
Revenue
Times
decreased
$553,000
1,511,000
180,000
391,000
200,000
0
250,000
525,000
0
2,236,000
180,000
3,075,000
1.05
3.07
1.89
__
756,000
—_
—
covered—
by 35
.
-
2.48
$1,220,000
——
$1,537,000
$5,808,000
2,545,000
$359,000
"
requirements
Available
cash
''Interest
.
Washington Oakland
$2,356,000
115,000
estimated
expenses,
*
$1,877,000
then
covered.
reserves—.
on.
Reserve
Fund
;•"
1.59
$1,150,000
..
investments,
portion of operating expenses not met by
f:.
.69
$350,000
——
and
terminal
the State.
530,000
'
•
$3,775,000
1.99
1.23
$90,000
$4,000,000
rentals
far
exceed
'
$5,800,000
;
7f
-
1%% Bonds
serially May 1, 1943 to 1972, inclusive
Bonds,
Taxes
dt
callable
par
in
$990,000
maturing
order of
inverse
interest payment date thereafter.
$330,000
their
number
All other maturities
May
on
\
.
annually
May
1,
1,
1947
to
or- any
non-callable. 7 '
are
1950
•
.
1952,
'•••.
' 7 ' '
/ •
Allegheny County has stated officially that it will pay or refund any tax which may
s y be legally levied or assessed upon the bonds or upon the debt secured thereby
:'l;• under any present or future law of the Commonwealth of Pennsylvania. ■
:
pay¬
paid
suggested
1
Legal Investment, in our opinion, for Savings Banks and Trust Funds : 1:7
New? York and Pennsylvania
'v; >
•
part of the sal¬
totaled
might be reached by
school boards. ;
* y'■: f -y. ,777y: y.
•
These Bonds, to be issued for various
;
purposes,
in the opinion of counsel will
con-
/,"■ :•••;•: stitute valid and binding general obligations of Allegheny County, payable from
$135,134, against $171,365
in April, last year.
The gasoline Mississippi Co. Drain. Dist. No. 17
(P. O. Osceola), Ark:
and motor vehicle taxes showed a
:
ad valorem taxes levied
against all the taxable property therein without limita¬
.
total of $1,110,657 for credit
gross
Debt Refinanced
—
In
tion
highway fund after author¬ ing a transaction approved a few
ized
deductions, a decrease of years ago, the above district has
refinanced
its > $3,700,000
$62,679 from a year earlier.
debt
Income from all special taxes through •£payment
of
$1,842,000,
which amount included cash and
collected
by
the - department
amounted to
the proceeds of
to
issue sold to
$2,631,920, compared
$2,134,188 a year earlier, a gain
of $431,731.
Income tax at $224,908,
compared
with
$46,076,
showed
tax
the
largest gain.
Sales
produced
$701,771,
against
issue
was
Louis
Federal
the
a
the
The
to
4
,
,
-
Prices to yield 0*50% to 2.10%
;
-
These Bonds
are
offered when,
as
and if issued and received by us and
-
Messrs.
Burgwin,
Scully
&
Churchill,
HALSEY,STUART & CO. INC.
whose
opinion
BLAIR L CO., INC.
will
be
subject to approval of legality by
furnished upon delivery,
LADENBURG,THALMANN & CO.
new
the
St.
Bank
Reserve
Corporation.
amount.
or
•
$1,350,000 bond
RFC.
delivered
to rate
complet¬
to the
<
as
for
UNION SECURITIES CORPORATION
Sufficient time
r
'
HORNBLOWER & WEEKS
HALLGARTEN &. CO.
STROUD A,COMPANY
BACON, STEVENSON L CO.
bank¬
GLOVER & MACGREGOR, INC.
MANUFACTURERS AND TRADERS TRUST COMPANY
BUFFALO
PITTSBURGH
CALIFORNIA
INCORPORATED
V
was
INDEX
SPENCERTRASK&,CO.
;
■
allowed to complete
ruptcy proceedings.
'
PAUL H. DAVIS & CO.
FIRST OF MICHIGAN CORPORATION
HARVEY FISK & SONS, INC.
CHICAGO
Quotations':
New York
New
York
Other
.
Stock Exchange.......
1808
Curb
Stock
Unlisted
Page
,
Exchange.;.....
Exchanges..........
1818
<
1822
following
1825
Securities
from
State and
City Department:
Proposals and Negotiations 1793
Gen. Corporation and Invest. News 1825
Redemption Calls and Sinking
Bond
Fund Notices
Dividends
Auction
..;;
,.,..........
1801
1801
........
Sales, i.............♦......
-The Course of Bank
California (State of) 7;
Finances Found
Strong — The
1804
_
a
statements'
bulletin issued
30, by Kaiser & Co.
cisco;
The
State
of
years.
PHILADELPHIA
of
S.K.CUNNINGHAM &CO.,INC.
April
CHICAGO
PHILLIPS.SCHMERTZ&CO.
DOLPHIN&CO.INC.
PITTSBURGH
PHILADELPHIA
PITTSBURGH
CROUSE&COMPANY
.
DETROIT
of San Fran¬
general
fund
California
is
of
Dated May 1,
the
'
.
in " the
strongest position in almost
nine
On March 31. 1942, avail$20,098,000 compared
Clearings. ,t,;U 1805 i able cash of;
as
CONTENT,HANO&CO. WALTER STOKES 4.COMPANY ALFRED O'GARA&CO. N EWBU RGER, LOEB &CO.
taken
are
■
-
-
'
■
•
1942.
Principal and semi-annual Interest, May 1 and November 1, payable in Pittsburgh, Pa.
Coupon Bonds in $1,000 denomination, registerable as to principal only.
The information contained herein
has been carefully compiled from sources considered
reliable, and while not guaranteed as to completeness
•"
•
May 7, 1942.
'
4
Francisco-
1942_
—I—
1942-43
Gate
Lake
^
be
of
....
—_. ——
—
requirements
I
Uncollected
inclusive,
recre¬
ational
Golden
ra¬
Due
v" -7"V" '.I'v.yy
whereby teach¬
a
137.6
ary increase
y-
Motor vehicle license collections
,
millage voted for bond
75%
.134.6
118.3
114.31
104.2
about -105
for
civilian
.771111
■
non-bonded debt.
The
provides that after setting
teachers.
Oakland
149.4
Allegheny County, Pennsylvania §
His opinion
on
ments,
San Francisco-
149.2
worse than
average, while
others, like Carquinez, benefiting
from
extensive
777'7-< • ■ 7'
war
activity,
84
shortage
§§!
prepared at the request of the
above district which has a
bonded
maturing June 15, 1943, for indebtedness of
$390,000 and non$1,005,407.05, and $1,500,000 %% bonded debt of
$40,000. To permit
U.
S.
Treasury notes maturing teachers to
cash warrants at
parf
Sept. 15, 1944, for $1,498,620.93.
; the district is
paying annual in¬
i
Lake
indebtedness
was
cur-'
same
Washington
'
in the opinion of counsel, from all present Federal Income Taxation
III
■
designated by Act
1941, for payment of higher
salaries
and
the
the
106.7
•
month, the
be
of
of
pre¬
cannot
revenue
319 of
that
San
priorities,
Interest exempt,
Attorney-
districts
will
slackening.
gives the
O.
Jonesboro), Ark.
General,
revenue
Gate
,
111.3
San 7 Francisco-Oakland
average
tion,
Bond Debt Decision Rendered—
As set forth in an
pared
of* this
curtail
tioning, proposed Federal legisla¬
higher prices, higher per¬
sonal and corporate incomes, etc.,
Motor
vehicle
license 'figures
on future State tax yields is diffi¬
showed a gain of
$462,000 for the
first four months, which the de¬ cult to determine at this time, but
(State of)
121.7*
rubber*
were
The net effect of
the
Bridge,
taxes,
the
in¬
State,
weeks
Gate Bridge.1
It has been
year.
insurance
reflect
creased payrolls of the
$544,970;
The
142.3
122.9
three
City
Council
authorized recently the
issuance of $32,000 in bonds to fi*ftSW8fe' the cost of a public school
reasonable
to
estimate
a
partment said indicated that the it is
site and a sanitary sewer project.
carryover general fund surplus at
gasoline tax
probably will not
the end of the biennium
show a sharp decline in the
(June
near
ARKANSAS
30, 1943) in excess of $50,000,000.
future.
—
140.2
1942
been
table
to
•
Based .'upon traffic in the first with
,
a
$78,013,000, the gain in this
being 34.5%.
Authorized
137.5
March
rev¬
$45,353,000,
was
Unemployment
(See Index Below)
Bonds
the
month
Carquinez
134.5
April £ ratio
which
Ala.
has
month of the previous year;
146.9
February
of the
general fund
a
source,
gain
Miscellaneous
Prichard,
of
rent
Antloch
1941
December
tax
use
all
Golden
Month—
and
mentioned
gradually being reflected
by
general
fund revenue.
The receipts from
this source were up 26% over the
1940-41 period. The gasoline
tax,
enue
ALABAMA
bulletin
The effect of tire ration¬
is
toll
on
March, 1942, declined below that
pf March, 1941, but the rate of
fur¬
ing
Coast
the Gol-'
den Gate Bridge has revenue for
gain
which is not
Unlisted Securities
■
information
Pacific
on
As yet, only
"
accounted for 57%
y'§ Out-of-Town Listed Markets ■'-[ "';7
Wr'"j:Yx':
;
traffic
bridges.
The-
v
above:
1941.
The
Exchange
in
Bridge Bonds Dis¬
The
the
<;
January,
Curb
Toll
—
in, March,
Controller
June
from
previous fiscal year. This was also
an increase of 19%
over the rev¬
enue
at
nished: here with is also reprinted
March. 31, 1942,y was $178,344,000,
"increase of more than 20%
the comparable period of
deficit
r
Public
to
an
over
accumulated
*
or
accuracy,
we
believe it to be correct
as
'
of
'
this
'
..
date.
•
y
,.'7
,-•»
.
.
■
..
.
-
that
'
THE
1794
COMMERCIAL &
Calif,
.
year/more than one-half of the; * 5;,
than individually,vand to needed.-* Nevertheless, such col¬
counties ; in! Florida v" (including 4
: surplus sinking funds of' one lections from ad valorem taxatioh
several of the largest counties)/
unit to offset deficiencies in other have, averaged a good deal more
than $2,000,000 annually. The ten- levied no tax for these bonds. Of
units. ; / .•-V'\ •'
«•/•/ ' of: ,4
those counties making a levy, the 4 * / w
year
record of ad valorem- tax
Briefly, the present* legislation
receipts for road bonds shown be¬ majority did so for ■ trie/.support''jifh
regarding road bonds • provideslow covers a period of depression; of certain districts or issues/ Even v' -'' " '
that until January, 1943, gasoline
and reflects the proceeds of levies so, ad valorem tax collections for/; .,
tax receipts shall be allocated to
far y below /, the / potential/-: tax the/fiscal year ending Sept.^JO,/;- •:
the county and district road debts
1941,.,, amounted to $2,742,766.00,; ' '
strength of the units:
monthly in the amounts that-were
conclusively that this> : /
,1940-41 (Oct. 1 to Sept. 30).....;;.
$1,933,000 showing
received from the tax of. 3c per i939vtov.::.-:.;:4';.vf,vi./i;.;.:/.:;;:'2,206,^0) source of revenue can be greatly
1938-391
.;
■?;'■■■ 2.276,000
gallon in the same month of the -1937-38. ,:v. .Vv.-;:/■;/:/;/./.'///"■ 2,252,000 extended, and made a major fac- •
; •
.
Election—We understand
Bond
that
has
election
an
been called
the
4%
semi-ann.
construction
bonds.
Denom. $1,000.
Due $7,000 in 1 to
18 years, and $4,000 in 19 years.
voters
■U;.
15, to submit to
issue of $130,000
May
for
an
Santa Barbara,
.
Defeated
4 Bonds
—
v
The City
that the proposal to
states
Clerk
Calif.
use
,
"
■,,
article on Florida road calendar year 1938. Collections in
bonds, recently prepared by his 1938 were 24% less than collec¬
tions in recent pre-war months;.
firm:
/ *
In our opinion ; the ..article in therefore current•? coHeetiohivniajt
question was written without full decline by 24% from recent .pre!
consideration of the facts and fig¬ war levels before the program in
ures
concerning
Florida 4 road effect until January, 1943, will be
Collections through
bonds. / It does not give any fig¬ endangered.
ures
on
which to base a sound March, 1942, have been greater
collections
in ' the;-, same
conclusion.
Figures given in our than
report show that exclusive of ad period of 1938.; / 44/ Z'tZoZZ
valorem taxes and sinking fund ./ After January, 1943-, allocations
ing
an
1936-37..,■, 2,915,010
.■
1935-36. :, r/.v/.*; tt ;",K
1933-34'.::.
!
4 In
-
addition
..v.....,
^ the
to
*
■
2.581,000
3,764,00)
;
.
cushion that may be
E'er the
total
of
lected by
liberal
provided by
taxation, debt service
during
the r war
ad valorem
requirements
.
.
$29,816,630.68 was \col- f
the State from gas tax {
aloner
Of
661.03
was
ties. ^It is
this
amount; $11,556,-
-
-
f' f?
returned to the coun-/j
that
true
gas
tax
rev-?
'
if desired enues will suffer materially, but ' 4,
4\
by refunding a part of the heavy frpm these figures it,, appears to
principal maturities of the next us that, together with the poten-;, ,4
years
county
1
be reduced
can
few years.
and district/rootf
debts will be based on the >ur-*
rent collections from 2c per gal¬
lon of the State's ; gasoline /tax.
the
to
behind Florida road
3,191,000
.
1933 (calendar year),.
1932 (calendar year)
<additional security 4/44:4
bonds.;1
'I ■ calendar year 1941/a V ' • '
\tor, frLadding
■fi&.h-M. ;W>-f 2,848,000'
'1934-35,.v;.■.///■// 3, i8i,000
.
incinerator bonds investments the State can meet
was defeated at the election held
full debt service for a period of
on March 10.
;4/-'r >/'./'
/
31 ' months.
; This is based on a
$165,000
issue
4
V-V M onday / May 11; 1942
V
rather
manner.
Since we wish to be con¬
of the Golden
sidered in the light of an impar¬
Gate Bridge would a 35% revenue
tial forum for the, mediation of
decline prove embarrassing. This
diverse opinions on matters of rel¬
district's cash then would be ex¬
hausted within two years.
The evant interest, we now throw our
columns open to Maurice A. Zolbondholder is protected, however,
lar,
Vice-President
of- Welsh,
by the requirement that the dis¬
Davis & Co., 135 S. La Salle St.,
trict must levy property taxes, if
Chicago, 111. We quote in part the
necessary, to meet its obligations.
text of a self-explanatory . letter
Riverside County Palo Verde Uni¬ from Mr. Zollar to us on May 2,
fied Sch. Dist. (P. O. Riverside), following his remarks by reprint¬
Only in the case
-
FINANCIAL-CHRONICLE
••
/'Although resort* activity in Flor¬
ida will be curtailed because
of
.
valorem
tax
revenues, to
there; is sufficient backlog to ab-;" 4 ;
sorb the peak extent of reduction,^
Which peak cannot be reached for'.*. *, "
some .time,to< come/arid probably * 4
tial/.ad
has enough air
COLORADO
bases, war. industries, etc., to par¬
nues
after Dec. 31r 1942.
A. B. (This/assumes'the passage -of- a
,
tially offset loss of tourist busi¬ not for two years.1 v""
Morrison and Co. used the same
Creede, Colo.
>
proposed constitutional - amend¬ ness, and it is not believed possi¬
4 It 4 is probably impossible 4to . 4 .4
Bonds Authorized—We under¬ percentage decline and expect a ment in November, 1942. 4 If the ble that the adverse effects of the
give; a concise composite picture \ 'o%near depletion
of the cash sink¬ amendment should not pass, -such war
stand that the Town Council re¬
can cause as great a decline
of the municipal situation. How- • 44":4;
cently passed an ordinance call¬ ing fund in 12 months./ 4 :/4/' allocations would be based on the
in^thei:State' s/ecpnomK!/ strength ever, Uhe;vbonstructive;/Work 4of • / "
.It is true that in the past, the 3c
per
gallon tax, and' i would ^!dM^the?depr^sibnMuring'th6
ing for an issue of $28,000 3Vz%
jcauxity
water refunding bonds.
,
4 f !. State Board has purchased some therefore be 50% higher: v Every: 1930's.- /
' Z
''
and others, - over the past eighlfc/
« '
long term, bonds for sinking fund indication points to thef passage
4/;.;
WELSH, DAVIS & COMPANY years has placed most of Florida's
Huerfano County Sch. Dist. No. 38
purposes and that the fund holds of the amendment.) »■ * c ^
i
April 30, 1942
.
; municipalities in a strong posi- -t
(P. O. Walsenburg), Colo. -} ' some bonds having poor market¬ »
Inasmuch, as any, deficiency in
i/, j,
Bonds Tendered—It is stated by
4 Bond Call — The above district ability. However, we have every
state-aid for the payment of the
the
J. Edwin Larson, State Treasurer, •ti:We*"refer;/.jof .course;/to
6%
bonds
(entire issue),. , were good reason to believe that the
road bonds will have to* be made
stabilizing; of taxation . through I 4 4
called
Jor payment on May. l, at ? Administration will now forego up by * ad valorem taxation; and inf; connection/ with the call for needed reforms,;to the placing of ]4
the office of Peters,
Writer >& this practice and commit itself to such taxation is never popularr tenders of matured or unmatured
murikipal debtk in sound condi^ 1*4
Christensen / of
Denver.
Dated a policy of holding reserve funds
'©Hginar .or; refunding ^ road and
political expediency, might, possi-*
tion
through .refunding* . operabridge ;or highway bonds, time
July 1, 1922. Due July 1, 1942, op¬ in liquid assets. - We sincerely be¬
bly lead to the diversion of. more
tions, and to the adding to the;
warrants, certificates of indebt¬
tional July 1, 1932. :/;4'/4444 V"/'/ lieve that the State Administra¬
gasoline tax money for road debt
tax rolls of millions of dollars of
edness and/(qf negotiable, notes of
tion will
make every "effort to
f-V,
than is 'now pledged': to. this in¬
delinquent property. These efforts 1,
CONNECTICUT
live up to the policy resolution
.Various counties and special road
debtedness.
War restrictions on
are
principally the cause of this
adopted by it on March 11, briefed labor, and materials for new road arid bridge districts of the above
/"
Connecticut (State of)
state, six parties offered bonds. / year's ad valorem tax collections;; ^
4 Income
To
Exceed Estimates copy of which is enclosed. We are constructionand 4 maintenance
establishing new percentage highs. 4 . .1.
informed that the State Board of
By $6,018,500—Comptroller John
may temper the apposition of the I * Broad Picture of Bond Situa¬ For instance, Seminole County is 444
M. Dowe on May 5 made public Administration has recently ad¬ State Road Department 46' diyert/ tion
Presented
The preceding 11% ahead of last
year in tax col-*;
a
revised -estimate
on
general vised all counties that the State ing highway funds to debt service. article presents the ideas of a lections.
Suwannee, V 7% ;; and
fund income for the fiscal year will not return,to them any gas¬
municipal bonci Hillsborough has collected all but 4.4
/. Now, let us take a look atr the representative
ending June 30, 1942, setting total oline tax surpluses for operations figures, assuming that payments house on the future trend of local
$80 of its 1940 personal property/ '
estimated revenues for that fund but will hold such funds to build are made, for road debt-purposes unit bonds. An excellent brochure
roll/; Lee County's current roll is 44
at $36,726,200, an increase of $6,-1 up the sinking fund reserves of in accordance with present legis¬ on the same subject has been pre¬
now 75% collected; Lake County's 4j
018,500 over the original estimate' the county.
Heretofore, counties lation and with the proposed con¬ pared by the-., Clyde C:/Pierce 72%, and Monroe County has col-' *
made at the opening of the fiscal- which were receiving gasoline tax stitutional amendment. (Payments Corp.:
Barnett
National
Bank lected this year/more money in 4 /
j'ear last July.
The Comptroller's funds in excess of the amounts after 1942 would be 5Q% greater Building, Jacksonville, specialists ad valorem taxes than it has ever 44:
report sets actual general fund needed for debt service were per- if the: constitutional amendment in Florida municipal obligations
collected before from this source : 4
receipts from July 1, 1941,
to mitted to divert a portion of such were defeated). Scheduled inter¬ In line with our avowed purpose in the
county's entire history. It
March
31, 1942, the first nine surpluses to local road construc- est and principal requirements of of giving all- interested parties an
is reliably reported that the Linmonths of the current fiscal year, tion.
the
road bonds from March 1, opportunity to air their views, the coin Road merchants in Miamij
at
$25,992,969, and the original
It is the clear intent of the ad- 1942, to Sept, 30, 1944, are as foH text of the Pierce article is re¬ Beach
experienced a better March !
estimate made July 1, 1941, on ministration to take whatever steps lows:
4
'• .
printed herewith:
business
this year than in any :
total receipts for the current fis- may be necessary to protect debt
$12,394,000
Principal
Much has been written concern¬ other year/
13,079,000
Interest
service on road bonds and to do
cal year of $30,707,700.
In treating the municipal situa- ■
ing the State of Florida's business
so, insofar as is possible,' by the
$25,473,000
Total
and the prospects (?) of a reduc¬ tion,
we' hkve selected several'
'
FLORIDA
use of the State administered tax
Using:; conservative
measures, tion of revenue to the point of communities in different parts of
revenues.
In order to help ac-*
Alachua County (P. O. Gaines¬
:
cash available for service of these endangering the ability of Fknv the State to quote as examples,;
complish this, it seems to us that
ville), Fla.
:
bonds
during
the same period ida's political subdivisions to meet and find that in each instance tax
! Bond
Offering — Sealed 1 bids the State readily recognizes the
are
most satisfactory
may be estimated as follows (exr their respective bonded indebted¬ collections
will be received until 10 a.m. on wisdom of having liquid cash reeludes ad valorem tax proceeds): j nesses. 4 There is reason for con¬ to the local officials. For exam-' >
50% decline in gasoline tax reve¬
the war, the State
,
■
.
,
1:^4^,
,
■
—
,
'
May
George
by
12,
rather than investment re-
Evans, I serves
E.
pie, Orlando levied approximately.
the $24,000 more-for .this year's roll;
'lrctions
32% -until- Sept.'- 30,
■{ general routine of things..
It is than was levied last year, and to
1942:
35',;. from Oct. 1, .Dec.
'. •
cerned, we shall appreciate your 31, 1942; and 50'/t d:clinstotherecollected
83%
of the,
'
J our' opinion, however,, thit this is date has
presenting our views on this sub- : aftec)
1. . 14,219,000 time for a checking of the facts present roll against 80% coUected; 44
Auto
transportation
mileage
tax
{
ject.
' '
as of the
rather than of accepting in whole
corresponding date last'
allocations, (assuming -decline.trvm
recent pre-wa" collections of '4W "*
u
Florida Road: Bonds. Protected
the bearish points of -view year/ Last year's roll to date has; /:
nihtil
Sept. '30,
1942.
and
50% -' i. only
.
Against Reduced Gasoline
been
d cline thereafter)
,r;: 398,000
without " considering
collected,;' including relin- ¥
'
the broad
Int. on and -matur.
sink, fund iii- -\;
Tax Revenues
4
4
picture; the security and the abil¬ quents/ to -the very satisfactory
vestments
(investmrts,
on
hand 'I//'/I
:
legislature of the State of ;' March 1, ' 1942, - were carried,« at
i' ity of Florida to weather the-pres- percentage of 93. In addition, the / 4
$6,312,000. 7t'is conservatively nsr,1Th^ Legislature of the
rev-' 4
sinned that
int. en and maturi- ».-i >
»' ent economic change, /r :;:44 vV; v water : and light • operating
¥$*?*.
'/ties of these items during the two;-/'
enues
of
Orlando; show * an in-4/:
I
of County (serves.
.
,
Commissioners, for the purchase
In fairness
of
the
of
Clerk
$100,000
Board
4%
coupon
Denom. $1,000.
bonds.
hospital
Dated May
Due on May 15; $5,000
15, 1942.
1
1360, and $9,000
Prm.
and
New
int.
York
currency
date
of
in
Lo°
1961 and 1962.
(M-N) payable m
in any coin or
City,
which on the respective
payment of the same is
have
/a
?1?3?1011
btate 01
incurred
to finance road
Certain laws have
bonds offered.
LJ.
Laws
Delivery
25., The
Discussion—It is our thought that
these
columns present an
admir¬
platform for the discussion
having particular in¬
terest to the municipal trade.
In
able
of
matters
as
there
always the case when
is
is
a
major
change in
revenues,
ad valorem taxes' must
supplement the gas¬
be levied to
oline tax revenues.
The
State
-
Administration
-
is
committed to a policy
our
April 27th issue there ap¬ of keeping ad valorem taxation
for these road obligations at the
peared an article by a Florida
necessary
for
their
municipal bond dealer, criticizing minimum
To implement this pro¬
the
credit of Florida's county- service.
definitely
,s
*
,
of Florida, Acts of and interest on such bonds and to
on or about May
eliminate the need for ad valorem
approving legal opinion taxation to support this road debt.
H Thomson, Wood & Hoffman of The bonds have the pledge of un¬
New York, will be furnished to limited ad valorem taxation in the
Ihe purchaser. Enclose a certified
political, units which issued, them,
bheck for $2,000, payable to the and, if ' war-caused declines • in
^tbove Clerk.
gasoline tax collections are so ex¬
treme that the bonds cannot be
Florida (State of)
k Road
Bond Analysis Provokes serviced in full from gasoline tax
1941.
-
.
VI
for icoo than all construction
less
(3een passed designed to provide
The bonds funds from the State Gasoline Tax
been authorized by Chapter
,
. oll
21097,
cern
.
.
win
uc
VI
will be accepted
of the
Sash on hand, March 1, 1942.
$9,712,000
Oasoline. tax allocations
(a-suming <
;
declines from recent pre-war col<
<
*
of S
public and private debts. No bids,
legal tender for the. payment
to all parties con-
.
months period
T ;- '
total principal./U: /
*' "
.u....,.......
-i 1,262,00
years
and seven
will be 20% of- the
amount)
71
have
; There
been
some
who
called to the at¬
tention of investors development
conscientiously
,
crease
this
year
over-last
year/
of 8.91%, and the net income to//
/
but do - not imply surplus for this year over last/ is9.8%/ Mr, Lanier, Comptroller of ' /■'
valorem taxation
$25.591.000 the existence tof danger if the ex¬
isting power;, and security of the Orlando, reports that 4hC/ fihari- V/ -/
?
As shown above,; even if; we State is marshalled correctly be¬ cial condition of Orlando is good,/ 4;
assume ' drastic
declines^. inl gasV
hind the public debt.
There are and he does not anticipate any oline tax revenues,. payments 'of
others who, knowing
the facts, trouble from any source, as in-;
principal and r, interest - maturing
prefer to 'make major '"issues of dustry of the community is well 4'/.to
Sept. 30.1944, on theCiroad
diversified. Further; Orlando dur-'
v
any and all clouds appearing on
bonds ; could v be
made / entirely the horizon,/ with the /obvious ing the past fiscal year reduced '; '
from revenues other th^n-ad: va¬
debt
in/ the /amount V of
prospect in mind of personal gain. its
lorem taxes, and without selling
4
J4 Most concern seems to be cen¬ $449,000. HZZZZ-'Z'ZZ ■
any
sinking
fund -investments tered; around Florida's road bonds .•/ The City of Tampa has col-'
Such investments at the-end of the
lected on its current roll and de-' ;
due to curtailment of gasoline tax
period, allowing for $750,000 ma¬ revenue—but/does this curtail¬ linquents this year, a total of 92%
turities, would
still- amount/to ment
4actually//endanger St he to date, which is approximately/.
about $5,562.000./ v *•'.; y
4% better than the record of last
bonds?
Because
debt .service on/the
year.
Tampa also reports a debt
.Tc^al nrin,. & int. Tpqyirempnts
f-dr /all Florida County read &
road bonds has been so .largely
reduction in the amount of $300,-'
Total
avail, prior to. Sept. 30. 1944, ;..:
sources
other
than - 'ad.- V:
Tl
of-weak
spots
from
provided from state allocations, if
in the past
has not been necessary
•.
;
road
disk,
bds.' for
12, mos.
mediately following April,
Cash
on
hand
with
the
im-
000,000
the
past
fiscal
year.--;4.44',
-Eoard of'. Administration as cf
April-., 1,
1942i—applic. only to
read & mad d/trict bonrtv,; jInvestmte.
held
by
State Beard
of Administration
!.
during
19$9,136,909.00
State
for heavy ad valorem
St.
Petersburg
reports - taxes
9,602,028.45
levies to be made.
A great many
collected to date on the current
counties have made. no. levies at
5,770,704,00
roll as 83—being equal to that of
wide and road and bridge district gram, the State Board of Admin¬
The levies which have been
last year which was, to the corre-:
(administrative
agent all.
bonds.
It was merely our func¬ istration
t
For the past number of years,
made for the
road bonds have
sponding date, 83%. In addition,
tion to present the views of the for road bonds) recently passed a
many Florida counties have lev¬
been- a great deal less than could
St*. Petersburg now has $100,000
writer and his opinions do not, of policy-resolution - - in
which • it
ied
no
tax
whatsoever for the
have
been
provided from this
in its bond retirement fund.
course, necessarily reflect the at- j stated its intention to treat county
support of iroad bonds, and last
source had greater amounts1 been
titude of this publication in any and road debts in the aggregate
.
ten
years
"•
'■
1
Volume 155
Clearwater
v
Number 4071
•
reports
lected to date
year,
after
col¬
taxes
the
last
and in addition reports bet¬
same
as
than
ter
the
sale
as
-the
bonds
may
■/ •//:/■/: Jerseyville, III.
.
/;"
.
,
1795
/.. Toulon, III.
f.
/'
v
drop off regularly from
be prepared/-and will be vali¬ / Bonds Sold—The issue
of $190,-;
Bonds
Voted—At an election
dated by a decree of the' projpier: 000 /water/V revenue
refunding on April 28 the voters approved
Circuit Court having .jurisdiction bonds mentioned in v.
155, p. 1721 the $18,000 21/4% 1 water system
of bond validation proceedings in has been sold to
Lewis, Pickett bonds, according to C. L. White,
the county. All bids must be
& Co. of Chicago. ; :
un¬
City Clerk.
''//,/
r > /
/ ,
conditional.
These
bonds- were,
Madison* County
School -District
Wayne County Non-High School
authorized at an election held on
District No. 200 (P. O. Fair'
March 10/ Issued subject to the /SNo. 28 (P. O. Venice), III. /
'
Bond Issue Details—The
$36,000
the current roll
on
70%—being
as
THE COMMERCIAL,& FINANCIAL
CHRONICLE
$200,000 in its interest
and sinking fund.
I'
% Daytona Beach reports that its
tax bills have only been out 20
days, however, for the first 20
days,' tax collections have been approving opinion of Chapman &
it
/
Considerable
3lk%/working cash fund bonds
Bonds Authorized
The Board
running 15% ahead of last year Cutler of Chicago. Enclose a cer¬ sold last November to
the Munic¬ of
; Education recently
for the: same period. v
passed a
^ tified check for 2% of the princ/. ipal/. Bond/
Corp.; of Chicago— resolution
authorizing an issue of
pal amqunt of the bonds,- payable;
v (The City of Miami reports that
v/154, p.: 1137—were issued at
as of March 31-this
to the above < Board.
$67,000 judgment funding bonds.
year, collec¬
par/-': are dated Oct. 15, 1941, in
tions on. the .current roll :cpm-: Volusia County(P.O.'Deland)',
$1,000 denoms. and mature Dec.
pared with last year's roll, were
:
Fl*
v //w/ .15, as follows: $2,000 from 1944 to
Elkhart County (P. O.
running as follows: On real es¬
Goshen),
Warrant Call—It is stated by 1. 1947'-inch; $4,000, 1948 and 1949;
/ Ind.
tate, 84.96 against 84.06; J arid on Walter
Hawkins, Clerk of < the $3,000, 1950; $2,000, 1951 to 1953
Bond Sale^—The $24,000 refund¬
the total .roll, 'including personal Board of
County Commissioners, incl.) $3,000, 1954 and 1955; $2,000
property, 84.8 against 84.28./
that, the road and bridge district in 1956 and $3,000 in 1957. Prin. ing. bonds offered April 30—v.
We have not commented specif¬
1266—were awarded to
time warrants, now .outstanding; •afnd ini (J^D) payable at the First 155, /p.
Kenneth S.
ically on School Districts for the
Johnson, of Indian¬
are called for payment on
July f . National; Bank of Chicago.
-reason that their position follows
apolis, ; as -1V4S, at a price of
Dated July/I, /1923./Said /watf.
/Moweaqua Township ; (P. O.
very
closely
conditions
within rants
100.548, a basis of about 1.13%.
will; be redeemed at; P4r
/
/ Moweaqua), III.
the counties and cities. However,
Dated .May
15, ' 1942.
Denom.
plus that accrued interest .evi¬
/ Bonds. Sold—The. $12,000
we
believe it well to mention
ro^d $500. • Due $1,500 on- May-15 and
denced by coupons due on July 1,
that districts now being supported
improvement bonds authorized by Nov. 15 from 1943 to 1950 inch
tax
collections
This
month.
—
was
lections
to
henceforth
by 100%
all
assessed valuation
1942, upon presentation with all
upon
subsequent
property
within the districts,
should be in a better position to
meet their requirements in the
;
attached, at
unmatured
the
Co,,; New York
ceases on July I.
face of economic changes.
This is not, written with the
idea in mind of soliciting sales
Guaranty
City;/ Interest
- rr;
!/
-
Con.
for Florida bonds, but is an effort
to present an unbiased, condensed,
Sch.
April 14—v. .155,
on
1459—have
Trust
GEORGIA
Kite
the voters
coupons
been
sold
Ayars State Bank of Moweaqua.
:
Second
p.
1V4S
to/ the
{P. O.
;
Patterson, La.
/. Bond
approved
State
.
a
March
on
of
11
the
State
adopted
its inten¬
affirming
tion to devote all funds available
in its
sinking fund and from gas¬
oline collections
the
to
payment
of road and bridge bonds in order
to obviate the necessity of levying
ad valorem taxes for this purpose.
(A similar, study has been pre¬
pared by the Clyde > C. Pierce
Corpl of Jacksonville, Fla.)
Worth)/Fla.
to
refund
the
disr
-
dated ^ July
■
ii^'194Xv
Palm-q Beach
No.
-County Sch. Dist.
(P. Q.West Palm
9
;
-
Bond
.
Election
Invalid
It
is
,
the. election held
Township, 111.
Bonds Voted-^At b recent elec¬
tion the voters authorized an issue
of
$14,000., road .improvement
bonds.,'
Chicago Park DistrictHit
I
.April 14, to
$125,000 4% semi-ann. con¬ v Bond Call—R. J. Dunham,- Pres¬
struction bonds, was declared in¬ ident of; the - district, announces
that the district has exercised.its
effective as not enough voters
privilege to: cal/for prerpaymenjt;
participated.
at par and accrued
interest/ on
Polk Co. Spec. Tax Sch. Dist.
June 1, 1942, $30,000 -2%-% fund¬
No. ,6 (P. O. Bartow), Fla.
ing bonds, numbers G-59 to G-88,
Bond Offering—Sealed bids will both inch, of ; the -Issue/ dated/as
of Dec. 1, 1938,, and due.. Dec..'
be
received until
11
aim.
on
Jl,
The bonds together .with
May 14, by R. C. Edmiston, Chair¬ 1948.
man of the
Board of Public In¬ June 1, 1942, and all
subsequent
struction, for the purchase of $12,- coupons should be presented for
500
4%
coupon
school bonds. payment to the District Treasurer,
Denom. $500. Dated May 1, 1942. or to the First National Bank of
Due on May 1; $1,000 in 1945 to Chicago/ Such
/presentation,/f^r.
.on
-
..
payable in
full payment of principal and in/
terest due as of June 1,
1942, .may
Chase
be made at any time after
May jl.
1949, and $2,500 in 1950 to
and
lawful
tional
int.
money
Bank
bonds will.
and
best
(M-N)
at
of
the
1952.
Na¬
New .York.
The
be."sold to the highest
bidder
and
no
be
entertained
for
of
the
Delivery
bonds.
less
bid
will
than
-as
all
soon
.'
1957
pur¬
and
1958; the remaining
as
St.
Laundry Parish (P.
Opelousas), La.
a.m.
June
on
2, by A. J. Manouvrier, Secretary
the Police Jury, for the pur¬
chase of $100,000 public improve¬
of
ment bonds. Interest rate is not to
exceed 4%, payable J-J.
Denom.
$1,000.
Dated July 1, 1942.
Due
on July
1, in 1943 to 1957,. These
at
par—y.
bonds
as
follows:
voters
on
O.
Bond Offering—Sealed bids will
be received until 10
due
r
were
approved
by
the
April 28. The approving
opinion of B. A. Campbell of New
Orleans, and the transcript of rec¬
ord, will be furnished without
cost
on
to
the
successful
bidder.
A
LOUISIANA
Rantoul, III.
/ Proposed
Bond ; Issue — City
plans .to issue $32,000 water .works
and
.
sewer, svstem
revenue
•
Gurnee, III..
;
V'-'
i
Bond Issue Details—In
'
Bonds Voted—At a recent elec-r
tion the voters approved an issue
of
$14,000
school
ing, Weeks & Stubbs of Boston,
next highest bidder, named a rate
and
Bellevue
of 0.54%.
-
Coulee1
Crouche
Gravity Drain. Dist* JNo.\ 20 /
(P.. P. Opetousa$)j La.
1 ,,.
bonds.
:
:
.
Bond
that
for
connec¬
an
Election—We
election
May
voters
19,
has
to
understand
been
submit
called
to
the
issue of
an
New
/////; j/-,
Maine (State of)
Legal
list ;of those
legal
°
List
Prepared--A
securities considered
investments
for
savings
banks in the above State, was is¬
$36,000 not ex-r sued as of
the sale of the
May 1, by Andrew J.
$49,000 ceeding 4%
drainage bonds. Due
Beck, Bank Commissioner.
•
'refunding bonds to the in 20
years.
Midland/ ^ecurities^ .Co.,
ChiIberia Parish Sch. Diet.No. S i
cago;. ,as / reported in those col¬
MASSACHUSETTS
tion
4
with
lA %
'
umns
i
...
vote
Prin.
Chicago/
v
Burritt
1
stated '• by
the
Superintendent,
Board of Public Instruction, that
of
May and Nov. 15, 1943;
$1,000 on May and Nov. 15 in
1944 to 1947, and
$1,000 on May
15, and $860,34 on Nov. 15, 1948,
1946
4nclT/and$8,0GQ. jn. 1947.
Sqlihe County (P. O.
Haririshurg),
Legality .approved by-Chapman/^
Cutler of Chicago. ;
1 ,1. 'iY
if
Beach/ Fla.
1562—were
at
•
and the Farmers National
Bank,
outstanding unpaid bonds
valued at $2,831,000, was set for both of Belvidere, jointly, at 'a
May. 25, at 10 a.m., by Circuit priceb£104;41^v/i55/p. 1642-t:
Judge C. E/ Chillingworth, it is bear/2 Vz% interest and mature
/stated.- The Refunding issue,;which as. follows:. $7jlOO/frbm 1943/ to;
would ^be
p.
Jones,
noted
.■
trict's
would-bear 4% interest.
155,
as
r
,
bonds
&
100.258, a net interest
cost of about
2.88%, on the bonds
as follows:
$22,000 as 3s, due on
May 15; $1,000 in 1943 to 1948,
$1,500 in 1949 to 1956, and $2,000
l%s,
as
p. -1363—are
Scharff
Orleans,
■
Authorization Sought-7-A
hearing on an ' order to "stioW
in
here—v.
chased
to
New
2% s, due $2,000 on May
15 in 1959 to 1962.
issuance
Bank,
sold
of
—
Bond
000
Inc.,
■
Lake Worth Drainage Diet, {P. O.
Lake
cause", why the Board of Super¬
visors of the above district, should
mot be authorized to, issue $600,-
155,
$500
Town
$2,500 certified check, payable to
Marion, Iowa
»
Bonds Sold—The City Council the parishj must accompany bid.
on April 28 sold
The above bonds were" pur¬ bonds must be presented in
$20,000 refunding
nego¬
MAINE
bonds to the White-Phillips
chased at par.
;
Co.,
tiableform; apd should have at¬
./„ } : Brunswick, Me.//
tached the June 15, 1942, and all Inc., of Davenport, as 3s. Due $2,JDAHO
000 on May 1 in 1943 to 1952 incl.
Note Sale—The issue of $50,000
subseq/ient/interest coupons/
'
Canyon County Indep. Sch. Dist.
These bonds are issued lo take
offered
up notes
?
April
30
was
/"
Normal, m.
No; 34 (P. O. Wilder),^Ida.}
4%s, V whieh . were scheduled to awarded to Mansfield &
f Bond Issue
Co.,
Details—Additional
Bond Sale'Details
It is.noi#
mature on July 15, 1944, /
•
Hartford,
at
0.458%
discount.
stated that the $8,000* 3%/ semi- details are available regarding the
Dated April
30, 1942, and due
water
revenue
ann.
construction -bonds: sold/at $1.00,000/2%
KENTUCKY
Nov. 2, 1942. Other bids:
Whiting,
bonds s'old earlier in the year, at
par to the State Department; of
Weeks & Stubbs, 0.48%;
Mer¬
Henderson, Ky.
»
Public Investments, as noted; here par/ to C/ E. ,Bohlander .& Cb/pi
chants National Bank of Boston,
Bonds
Authorized
The
The
bonds*
are
last September, are dated Sept. 2, Bloomiiigton.
City
dated Nov; 1, 1941 and mature se- Commissioners adopted on final 0.50%; National Rockland Bank,
1941, and mature on July 1; $300
0,55%. I
in 1942 to 1948, $400, 1949 to 1954 rially ohnNbv; 1 from 1942 to 1971 reading .April 27 \an ordinance
incl. / Bonds maturing in 1963 to calling for the issuance of
and $500 in. 1955 to
$356,Lewiston, Me.
196J.C > •/ I
1971;incL are callable <on 30 days' 000 bonds to take up outstanding
Note Sale—The issue of $650/
/ -.j_ LLI NOl
i /!/' iiotice on -or; after, ''Nov/1-, 1962, at franchise tax anticipation bonds. 000 notes offered May 5—v. 155*
The new bonds bear
par .and accrued interest.
4%% until p. 1722—was awarded to the Sec¬
Belvidere,lll.
'
I
Prih;
Bond■ Issue
Details—Th^/$36/ and,/irit./(M-N>- payable .at the March 1, 1945, and 3% thereafter., ond National Bank of Boston, at
000 improvement bonds recently Tpwh/ Treasurer's /• office.
up to final maturity on March L 0.528%
Legal
discount.
Dated May.'5,
sold to the Second National Bank opinion of Chapman & Cutler of
1942 and due Dec. 29, 1942. Whit¬
Administration
resolution
bonds
$8,000
Glen wood, Iowa
Maturity—The City Clerk states
that the $10,860.34
semi-ann, fund^
ing bonds sold to the Glenwood
—
/
.
Details—The
Clerk states that the
$30,000 cou¬
water
works
improvement
in
$90,000
municipal airport bonds by a
count of 1,223 to 356,
,
that
the
Sale
pon
Ames, Iowa-
—
Board
for
Fletcher
Bonds Voted-City Clerk John
Prather reports that at the elec¬
tion held on April
28, the voters
White-Phillips Go.
154, p.v418—ma-
q^Davenportr/v,
Kite), Gq.
100,325
the
IOWA
/Bond Issue Details—The $7,000
in 1941 to the
of
by
Trust Co, of Indianapolis. /
■
4% park purchase bonds .sold, late
Dist.
bid
made
Murphyshoro Park District, Illi
Price' Paid—In connection with ture $i;000 • annually on Dec.
1
picture of the main features in/ the/sale of $20
from 1943 to 1949 inch; r
mediately affecting Florida's pub¬ refunding bonds-^-v. 155, p, T726-/
Niles Center Park
District, III.
lic debt.
we npw understand ihat thO bonds
Bond Call—George F. Hunter,
Threat
to
Local
Bonds
Dis¬ were purchased at par.'
Secretary of the Board of.Com¬
cussed
Florida's county-district North
JDeKalh^
missioners, announces the call for
road and bridge bonds in the war
Decatur), Ga.
> i- payment on June 15,
1942, of re¬
economy, are the subject of a
Bonds
Sold
We
understand funding bonds in the amount of
study being distributed by B. J. that Brooke, Tindall /& Co., of
$33,000: Nos. 1 to 25, 4% %; series
Van Ingen & Co., 57 William St:,
Atlanta, recently purchased $60,- Of :i936; ;Nos: S3 to 40, 5%; seriCs
New York City.
Belief is ex¬ 000 4% semi-ann. school bonds. of 1036; The bonds
are in $1,000
pressed that while, a substantial Dated March 1,
1942.
Due on denoms.
Payable Dec. 15, 1956.
decrease in. passenger car traffic March
1, as follows; $1,000 from Payment of. pri ncipal and accrued
in Florida is inevitable, the un¬ 1944 to*
1955, $2,000 from 1956 to interest to; June 15, 1942,- will be
derlying facts, are reassuring with 1958, and $3,000 from 1959 to 1972. made
on
presentation
of
the
respect to the fundamental, secur¬ Prin. and int. payable at the FuJ? bonds to the
American National
ity of these bonds. It is pointed ton National Bank, Atlanta. <
Bank & Trust
Co,/Chicago. Said
out
high
was
expected
below normal, more
grad¬
ual declines are looked for in
May
and June.'
;
'
•
1
■
are
be
,
„
that
to the big drop in
April collections and, while col¬
.
...
for
believed to have
contributed
ill;
:
of
ure
:
,
mass
purchase of
reported ir^ .Marqh
by the record fig¬
was
evidenced
as
field), III.
/
drastic
more
be expected month by
may
gasoline
-
i :
was
on, /
April
month.
.
;
March
than
now
felt the reduction of
was
from
on
Aug.. 7,
(P. O. Iberia), La.,
1941, we learn
that the /bonds were sold at pair,*
BondElecfion—Itisstated.by
and mature.Dec.
1, as follows: $1,- L. r G.
Porter,
Superintendent,
■
-
000 in 1942 to
Boston, Mass.
"
'
Would
Use
Retirement
1946; $2,000 in.1947 Parish School Board, that an elec¬
to 1951; -$3,000 - in 1952 to
1955; tion has been called for May 12,
$4,000 in 1956 to l958, and $5,000 to submit to the voters $32,000
in 1959. and 1960L Prin. and int. construction bonds.
ment
Mayor
—
For
Bond
Maurice : J.
water
(J.-D) ^payable at the Continental
Surplus
Illinois
.
National
Bank
&
Louisiana (State of)
Trust
April Gas Tax Collections Show
Tobin
asked the City Council on
May 4 for authority to use $640,000 of last year's surplus from the
income division for retire¬
of
gome,
of the. long-term
city/debt maturing this
year.
/
Cq/ ChicagOf These bonds/ in the
Decrease—State gasoline taxes for
Fiscal Position Favorable—Ad¬
opinion of counsel, are a direct
April dropped more than $500,000 dressing the Building Owners and
obligation, of the county and all
the / /taxable ; property
in
the
County, is subject to ,the levy of
taijBs/iq'iiay^hb' same within the
limit; provided by law.. Legality
to' be. approved, by Holland M.
.Cassidy, of Chicago^/ §
i\t
;
.Saoannq;' III.
/ Considers Bridge Purchase Of¬
fer—It
is reported that ■ the Savanna-Sabula Bridge has been offered to the; city at a price of
as
compared
first
blow
to
with
state
March
in
coffers
the
from
Managers
of
the
Association
the Boston Real Estate
Mayor Tobin stressed the favor¬
resulting from the Government able position of the city's eco¬
tire rationing program. ;
nomic position and
<
advised
in¬
Revenue
Collector
Rufus
W, vestors "not to sell Boston short."
receipts from Pointing out that the financial
the 7-cent gas tax for April to¬ position of the
city was "becom¬
taled
$1,285,239.99 as compared ing
much
better
rather
than
with $1,818,726.35 for March and
worse,", the Mayor stated despite
$1,696,693.76 for April, 1941.
problems occasioned by the war
Fontenot
reported
While the revenue department the 1942 tax rate will not exceed
$950,000;
Funds would be ob- accepted the reduction as an in- $41 per $1,000 of valuation. The
///:.//// / tained .from, the ^ale of bonds, j .dication gasoline tax receipts may 1941 rate was $39.60.
enlargement
bonds.
:■:/•/si*;
-
Commercial
and
Financial Chronicle (Reg. U. S.1 Patent
Office) William B. "Dana Company, Publishers, 25 Spruce ;Street, New
York, BEekman 3-3341/ Herbert D. Seibert, Editor and Publisher:
Seibert, President; ^William D, Riggs, Business
Manager. Published .twice a week [every Thursday,^ general news and
offices: Chicago—In charge of .Fred H.
advertising Issue) with a statistical issue on Monday]. Others,
Gray; Western Representative, Field: Building
(Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens/London, E.C.
B. Dana Company.
Copyright 1942 by William
Reentered as second-class matter
February 25, 1942/at ;.the post Office at-New York/ N. Y.j under the Act of March
3, 1879.': Subscriptions in United States and Possessions, ';
$26.00 per year; 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
and Africa,
.$31.0Q; per year. NOTE::-On .account of the jfluctuations in the arates-of
"exchange^ remittances for; foreign subscriptions; and advertisements must be made in New York
funds.^
William
i>ana
of
Exchange,
reduced motor travel in Louisiana
THE COMMERCIAL & FINANCIAL CHRONICLE
1796
indebtedness
100.146,. a basis of about 1.22%.
May 1, 1942. Denom. $1,000.
Due
May 1, as follows: $13,000
in the future," the
Mayor exfrom 1943 to 1947 incl. and $12,000
plained. Instead of the usual def¬
icit of the Elevated, of which the from 1948 to 1952 inch Principal
city has had to meet the greater and interest (M-N) payable at
"Many drains on the city today
will be assets rather than burdens
-
part, Mayor Tobin expects to see
big transportation system "at
least to break even" during the
the
current
Mayor,
The
months.
12
report, questioned
"validity" of the deficit of
to
according
Shawmut
National
ton.
accept
Palmer
&
Dodge
reject
or
18.
received, bonds
tificates
called
of
at
of
in part and if
Bond Election—The issuance of
ten¬
no
$147,000
3%
be
/
Owosso,
:
Mich.
will
a
,
.
election
an
to
Clerk of the
May 19,
on
/ G. Pervenanze,
L.
Board of Education.
(The
original resolution to is¬
$77,500 bonds—v. 155, p. 1723
—is said to have been rescinded:)
/; >
.
sue
v
v
»
>
Note Sale—The National Shaw¬
and
Bank
mut
Merchants
the
National Bank of Boston,
jointly,
purchased the $500,000 notes of¬
fered May
1, at a discount of
0.44%. Dated May 1, 1942, and
due $250,000 each on Dec. 4 and
Dec. 29, 1942.
Other bids: First
National Bank of Boston, 0.444%;
^Middlesex County National Bank
of Everett, 0.528%.
'
'
No.
;
.
Co.
and H.
V. Sattley & Co., both of
Detroit," jointly, were granted an
option through May 14 on the is¬
sue of $38,000 refuding bonds of¬
fered May 5, according to George
A.
DeYoung,
Director
of
the
School Board.—V. 155, p. 1722.
'/
.
Bay City, Mich.\
—
O. A.
}r
Offering
Note
Maiden, Mass.
/V,
:
Township School ' District
10 (P. O. Rochester), Mich.
Option Granted—Crouse &
,
\
Kase-
.
meyer, City Comptroller, will re¬
City ceive sealed bids until 7
p.m.
Council recently authorized the
(EWT) on May .11 for the pur¬
issuance of $60,000 WPA improve-i
chase of $83,000 general obligation
ment bonds and $10,000 soldier's
tax anticipation notes. Dated May
relief bonds and referred to the
15, 1942. ... Principal and interest
Finance Committee measures call¬
payable on or before Nov. 27,
ing for $35,000 water and $40,000
1942, at the City Treasurer's of^
sewer construction bonds.
/;/:/;
' fice./City to furnish notes and
Bonds Authorized
The Board buyer to furnish
legal opinion, if
-of Aldermen recentlyauthorized desired. A certified check for
2%
Financing—The
Proposed
-
—
issuance, of
street
bonds
$115,000
and
improvements
poned until next meeting
on a
proposed $132,000 relief bond
issue.
.;>•* 1
;
vestments
In
(No.
—
List
The
Of
Legal
In¬
bulletin
latest
sioner of Banks
the
list
recent
most
of
changes
in
the
considered
investments
legal for savings banks in Massa¬
chusetts:
ADDED
DEC. 1,
/'
'
TO
.
THE
>
the
pany
par
each
*
must
accom¬
bid.:;^■^^^,:^,'^• /'
Detroit, Mich.
Offerings
"
The
city
non-
—
OF
|
1941:
Bonds
are
numbered from 1 to 230
incl., and
those numbered 161 to 230, both
incl., will be subject to redemp¬
tion prior to maturity, in inverse
numerical order, at par and ac¬
crued interest, upon 30 days' pub¬
lished notice on any one or mofe
interest/ payment dates on and
the
after
approximately 3,500,; will be
required to vote. The election will
be held
ments
as
can
THE
LIST:
City,
as
2%s, at 100.57
1723—are due
p.
lows:
Co.
Trust
on
of
Kansas
—
Nov. 1
legal entangle¬
The peti¬
tion and bond issue will authorize
acquisition
of
about
2,090
acres
of lands east of Great Falls to ful¬
fill commitments made
by the city
Government.
; •
to the Federal
Lewis
and
Wo.
•
1
Clark
Co.
Sch.
Dist.
(P. O.i Helena), Mont.. /.
Bond Offering—Sealed bids will
be received until
7.30 p.m., on
May 28,
by J. F. McBride, Dis¬
Clerk, for the purchase of
trict
$100, 205.50 refunding bonds. In¬
terest
is
rate
payable J-J.
not
to
Dated
exceed
3%.,
July 1, 1942.
Amortization bonds will be the
first choice and serial bonds will
be the second choice, of the Bchool
Board.
If amortization bonds
sold
and
may
be. put into
or
divided
into
single bond
one
several
bonds,
sale,
both
principal and interest
payable
ments
in
semi-annual
to
during the period of
from the date of issue.
bonds
issued
are
and
;
Bond
Flection
An
.-rv
election
of
sum
payable
the
thereafter
year
bonds
whether
day
same
until
paid.
are
all
each
of
such
The said bonds
amortization
serial
or
155, bonds, will be redeemable in full
as
fol¬
on
any
from
interest
.
and
sold
for
value
all
:
payment
after
1952; $8,000, 1953 to 1956; $9,000,
1957 and 1958, and $10,000 in 1959
to
1967, giving a basis of about
May 4 and
offered for sale
was
If
sold
$6,680.00 will become
on
date of issue.
on
45
$6,685.50 will become payable on
the first day of July,
1943, and
the
000, 1946 to 1949; $7,000, 1950 to
was
be
install¬
v.
$5,000 in 1943 to. 1945; $6,r
school bonds
Ypsilanti, Mich.5
as
the Board of Trustees
may deter¬
mine upon at the time of
not
with
years
The
less
than
accrued
date
from
bonds will be
their
purchased by
par
interest, and
bidders must state the lowest
,
//
are
issued, the entire issue
'
will
The
/ the
bids
and to sell the said bonds at pri¬
vate
sale.
Enclose
a
certified
check for $5,000, payable to the
Mississippi Valley Trust Co. of
District Clerk.1
2^& u > St. Louis, as l^s, paying a price
tion; of issuing $134^000 hospital
v
(These .bonds .were originally
of 100.31, a basis of about 1.46%.
construction bonds.; "a;* ;,
scheduled for ".sale on May 21—
Dated May 1, 1942.
Due on May;
v. 155,.p., 17230
; \
; 'MINNESOTA
"
1; $2,000 in 1944 to 4947, $3,000,
will be held
May 25
the ques¬
on
,/!'
{
;Big •Fork,*:
Sale Details—In
Bond
;
with
the
sale of
t
connec¬
the
.
1948
to
1952, and $4,000 in 1953
1955. Interest payable M-N.!
to
$21,000 3%
<
l
/Bonds
,'Z Craig, Neb.
,
Authorized—We
under¬
District stand that the Board of Trustees
Shaughnessy & Co., of St. Paul, as
on
April 9, passed an ordinance
No. 1 (P. O. Great Falls), Mont.
noted here in January, it is now
Bond Sale
The $467,000 re¬ calling for an issue of $51,535.58
reported that the bonds were sold
funding bonds offered for sale on refunding bonds. Due in 20 years.
at par, are dated Feb. 1, 1942, and
May 4/— v. *155, p. 1366 — were
/ ■;/,,/ Hastings,
mature $1,000 from Jan.; 1, 1943
Neb.rr.^f,|>
awarded jointly to E. M. Adams
/ Bond Election / Contemplated—
to 1963.&
Co., rand the First National It is said that an election may be
Bank/ both of Portland, as IV4S, held in /the near future to vote
Fergus Falls, Minn. " '
/
/ Certificate Offering — Sealed paying a price of 100.278, a basis
upori the proposition of issuing
Cascade
School
County
—
bonds
in
the
amount
of
approximately $500,000 for the
City Sinking Fund, Water Board
Division, up to May 13, according
to an announcement by Charles
G. Oakman, City Controller. Of¬
ferings will be accepted on the
basis of the highest net yield to
the city as computed from the
dollar price as of that date.
-
bids
will
p.m.
on
City
be
received
until
7.30
May 18,' by P. M. Lein,
Clerk, for the- purchase of
$1,400
not to exceed 4%
coupon
semi-ann. certificates of indebted¬
of
1.12%.
about
Due
1942.
v
Dated
$93,400
on
June
June T
1,
in
1943 to
Dec.
1947; optional on and after
1, 1944, according to District
at the Detroit Trust
Co., Detroit.
to
a
group composed
National
of the First
municipal airport bonds in con¬
nection with a project estimated
$450,000.
■
to cost
.Nebraska
Clerk V. F, Gibson.
No Action
Harrison
—
FROM
Commerce
to
"
REMOVED
that the $200,000 semi-ann. water
works revenue bonds sold to the
as
serial
'
Maturity—The City Clerk states
soon
be removed.
following dates:
Nos.
2.70%.
rate of interest at which they
185, v both incl., on and
1, 1950; Nos. 186 to 210 St. Charles Sch. Dist. (P. Ot} St; purchase the. bonds at par..;
Board of Trustees reserves
on and after Feb. 1, 1948; Nos'. 211
Charles), Mo. ' //.V^ /■;/
to 230 on and after Feb. 1, 1946.1 /
Bond Sale—A $35,000 issue of right to reject any and all,
161
of
way
or
after Feb.
Township School District ness. Dated May 20, 1942. Due on
No. 1, Macomb County, Mich.
Municipal Obligations
«
Nov. 20 in 1943 to 1947.
:
\
Bond Call
As of April 14, 1942, County of
R. L. McCollom,
District Secretary, announces that Koochiching County (P. O. Inter¬
Saratoga, N. Y. i •
-•
national Falls), Minn.///"///
the district has selected by lot for
Railroad Equipment Trusts
Bond Sale—The $240,000 cour
As of April 24, 1942, Southern redemption on Sept. 1, 1942, at
pon
semi-ann./, school /refunding
Pacific Co. Equip. Trust, Series par and accrued interest, refund¬
bonds offered for sale on April
ing bonds Nos. 17 and 42. Bonds
"TV (Serially) 2.%s, 1952.
27—v. 155, p. 1643—were awarded
should be presented for payment
'
;
,
semi-ann. funding bonds to Park-
offerings of its
Wanted
from 1960 to 1968 incl.
tion
.
.
LIST
amount
'
callable
issued by the Commis¬
on May 1, shows
6),
of
will receive
Massachusetts (State of)
Changes
s
for
post¬
action
$15,000 from 1954 to 1958
$10,000 in 1959, and $5,000
1953;
incl.;
Lebanon, Mo.
land, right of
years
1941.
Denom.
$1,000.
Due paying a price of 100.57, a basis
$23,000,000 to $8,500,000; tax title and made possible a 25-cent re¬ 1,
in
the tax
from $7,259,588 to $5,100,- duction
Dated May 15,
rate, from Feb. 1, as follows: $3,000 in 1945; of about 2.19%.
000; and PWA-grant notes, origi¬ $25.75 to $25.50 per $1,000 valua¬ $8,000, 1946; $11,000, 1947; $12,000 1942. Due on Feb. 1 in 1944 to
in 1948 and 1949; $13,000 in 1950 1962 incl,
nally amounting to $183,500, have tion.
/
1
and 1951;
been liquidated.
$14,000 in 1952 and
<.//;,•;./
notes
MICHIGAN
au¬
At the special election
of the registered
taxpayers,
,.
'
Avon
to
issue
cilities.
40%
,
Mass.//////// Hf//
called
bond
aiid; other additional airport fa¬
June
.
Everett,
be
$150,000
proval at
—
ing:
election
thorize
will, be
Proposed
Bond
Issue
City
Halsey,; Stuart & Co., Inc.,
MISSISSIPPI
Commission Will consider ian
or¬
the elevated road. He contended 11/4%, 100.04;
(for l%s) Arthur
dinance authorizing
an
issue o
that the company "has put more Perry
& Co.,
'// ../■'/Biloxi, Miss. ////'
100.548; National
$20,000 water revenue bonds,
Bonds Sold—The J. S. Love Co.
money into reserves for deprecia¬ Shawmut Bank of Boston 100.439;
tion than is necessary."
The city Merchants National Bank of Bos¬ Redford Township School District of Jackson is said to have pur¬
chased
$84,000 .3% : and /'3V2 %.
has not paid for its share of the ton, 100,36.
.'"Vt
(formerly District No. 6 and 9)i
semi-ann. funding bonds,/ Dated
1941 deficit of the Elevated, he
(P. O. Route 3, Dearborn),
Milton, Mass. S-(./'./
Feb. 20, 1942. Legal approval by
added, pending the outcome >61
'v;,/, r'-'sS Mich.•
Tax Rate Unchanged—The 1942
Charles
r Trauernicht > of
St.
court action, but has set aside the
Tenders Wanted
t—•,
Sylvester
tax rate will be $26 per $1,000 of
Louis, Mo. i/.^'/'//-a
money to meet the payment. Shear, District Secretary, will re¬
assessed
no
change
valuation,
Since
his - administration
has
MISSOURI
from last year. Town's valuation ceive sealed tenders of 1937 cer¬
been in
office, .the Mayor ob¬
increased to $40,240,125 from last tificates of indebtedness until S 8 ;;»/ Affton School District (P. O.
served, there has been a 15% re¬
p. m. (EWT) on May 18, Tenders fAff ton), Mo.
;/
/;
duction in the overall indebted¬ year's total of $39,823,310. 'i /
should fully describe the secur¬ V Bonds Voted—At a recent elec¬
ness
of the city.
And he pre¬
Southboro, Mass.
ities offered, their par value, and tion the voters approved the is¬
dicted that five or 10 years hence,
Tax Rate Unchanged—The tax the amount for which they will suance
of $105,000 high
school
/Boston will enjoy the fruits of a rate for 1942 will
be $31 per $1,- be sold to the district.
Offerings building bonds by a count of 198
substantial reduction in its oper¬
000
of
assessed
to 12, according to C. J. Mesnier,
valuation, the should be firm for three days. »
ating expenses.
The overall debt same as in 1941.
District Superintendent.
//;/
at the present time is $157,370,600
Taylor Township (P. O. Route 1,
as compared with $184,246,722
v
Weymouth, Mass.
Inkster), Mich.
■
j < Curtis Sewer District of St. Louis
at
Bond Sale—The $230,000 series
Lowers Tax Rate—Building of
the end of 1937, or a reduction of
bounty. (P. O. Clayton), Mo.
7
Bond Sale —The $85,000 semi$26,876,122.
*
i hundreds of new dwellings in the 2 coupon ; water supply system
revenue bonds offered April 14—
Gross funded debt is down from community during the past year,
ann. sewer bonds offered for sale
on
$153,803,833 to $143,770,600 dur¬ to house workers engaged in war v. 155," p. 1365—were awarded
May 5—v. 155, p. 1643—were
ing the intervening period; tax- production, has boosted the as¬ Walter, Woody & Heimerdinger awarded to the Mississippi Valley
sessed
of Cincinnati, as 33/4S. Dated Feb. Trust Co. of St. Louis, as 2V4S,
valuation
anticipation notes are down from
by
$1,000,000
the
special
the purchase of
redeemed
16, 1942. :
bonds
funding
.
be submitted to the voters for ap¬
by lot. 4 All tenders according
will
included the follow¬
Louis County Indep. Sch. Dist. defense council have
begun cir¬
No.;.3S (P. O. Buhl), Minn. \
culating petitions seeking that, a
u
or. cer¬
indebtedness
par
accepted
St.
The
right to
all tenders
any or
or
are
Boston.,-'/
> Other bids
to
in whole
-Legality approved by Storey,
Thorndike,
1
ders
of Bos¬
Bank
Nos.
school board reserves! the
Dated
Monday, May 11, 1942
Glasgow, Mont.
Bond Offering—Bids will be re¬
/
/
t
suance—It is
(State of)
Taken
On
Bond
Is¬
stated
by Mr. E.:J.
Mille, Secretary, State Board of
ceived until May 26, at 7.30 p.m.,
Agriculture, that, no action has
by Martin Miller, City Clerk,, for been taken to issue $256,000 4%
the purchase of $18,000 refunding State Fair
refunding bonds, ap¬
bonds. Amortization bonds will be
proved by the Governor on March
the first choice and serial bonds
26, 1941.«
; ;
will be the second choice of the
council.
If amortization bonds are
7?U:.//;NEW
HAMPSHIRE
'///;-/.•/
issued the entire issue
Berlin, N. H.y-: "
'Z'1/■
Agricultural School Allison-Williams / Co.,
both
of may be put into one single bond // Bond Sale—The issue of $60,000
District, Mich.
;'•/ •
Minneapolis, the First /National or divided into several bonds, as coupon public improvement bonds
Public Utilities
Bond Offering—The Secretary Bank of St.
Paul, Kalman & Co., the council may, determine upon offered May 5 was awarded to C.
Pennsylvania Electric Co, First of the Board of Education will
Inc., the Wells-Dickey Co., and at the time of sale. Both principal F. Childs & Co., Boston, as 2V^s,
&
Ref.
Mtge., / Gold,
Ser.
F, receive sealed bids until 7 p.m. the C. S. Ashmun
Co.,.all of Min¬ and interest to ; be payable in at a price of 100.799, a basis of
4s, 1971. Called April 11, 1942.
(EWT) on May 8 for the pur¬ neapolis, at par, divided as foL semi-annual installments during a
about 2.39%.
Dated May 1, 1942
Pennsylvania Electric Co. First chase of $6,000 coupon school lows:
$75,000 -as 3^s, due on period of 10 years from the date and due $4,000 on May 1 from
&
Ref.
Mtge., ■ Gold,
Ser.
H, bonds. Due July 1, as follows: May 1; $10,000 in 1943 to
If serial bonds are is¬ 1943 to 1957 incl.
1947, of issue.
Prin. and int.
5s, 1962. Called April 11, 1942.
$1,000 in 1943 and 1944; $1,500 in $15,000, 1948, and $10,000 in
1949; sued and sold they will be in the "(M-N)' payable at the National
Penn Public Service Corp. First 1945 and
1946, and $1,000 in 1947. the remaining $165,000 as 3Y2S, amount of $1,800 each; the sum of Shawmut Bank of Boston.
Legal¬
&
Ref.
Mtge.,
Gold,
Ser.
C, The bonds are to be in typewrit¬ due on May
1; $5,000 in 1949; $1,800 will become due and pay¬ ity approved by Storey, Thornten form and furnished
6s, 1947. Called May 1, 1942.
by the $15,000, 1950 to 1953, and $20,000 able on June 1, 1943, and a like
dike, Palmer & Dodge of Bos¬
Penn Public Service Corp. First Board of Education.
in 1954 to 1958.
All bonds ma¬ amount on the same
day each ton. Second
high bid of 100.65 for
&
Ref.
Mtge.,
Ser.
Gold,
D,
Oakland Township School District turing after May 1, 1952, subject year until all such bonds are paid. 2V2s was made by the First of
5s, 1954. Called May, 1, 1942. '
to call on and after May 1, 1947.
Interest not exceeding 6% per an¬
No. 2 (P. O. R. F. D. No.
Michigan Corp., New York.
/
2,
num, payable semi-annually. Cer¬
Medford, Mass.
Lake Orion), Mich.
:
Redwood Falls, Minn.
NEW JERSEY
tified check $1,800.
: Bond
Sale—The issue of $125,•' ;
Tenders Wanted—A. J.
Bond Election—The issuance of
Graham,
000 coupon municipal relief bonds Director of the
Asbury Park, N. J.
District, will re¬ $40,000 hospital purchase bonds
Great Falls, Mont.
offered May
7 was awarded to ceive sealed tenders until 8 p.m. will be submitted to the voters
Supreme Court Considers Liti¬
Proposed Bond Election—City
Harris
Trust
&
Savings Bank, on June 11, of refunding bonds at
United States Su¬
an
election
scheduled
for Clerk W. P. Harrison reports that gation—The
New York, as IV4S, at a price of Nos. 1 to
preme Court has recently listened
37, and certificates of May 12.. —
Municipal
Obligations ;;
City of Cleveland, Ohio.
^
Haslett
Bank
&
Trust
Co., the
sold
and
Rural
.
.
>
Volume 155
to
Number, 4071
arguments
of
of the Faitoute
case
Co.
and
Moses
in
counsel
General Wilentz in his Chan- ;
eery Court attack on the- consti¬
tutionality of the 1941 laws. /•/- -
the
ney
Steel
Iron &
W.;"' Faitoute
THE COMMERCIAL & FINANCIAL CHRONICLE
J
vs.
NEW MEXICO
r
v.....
,
'
Cape May Point, AL J.J '
today
' ■:
the Legislature approved
as
one
fering of $20,0Q0
tion bonds
about
Delaware
■
State
a com¬
laws, but failed to pass
panion /measure. A; A A "A-
construc¬
sewer
set of amendments to the 1941
tax
Should
Township,
N.
J.
■
*
v
be
National
Assemblyman Towe of Bergen
got; through his bill* placing a
ceiling on railroad franchise taxes,
able June
coupons
tunnel
within
either
funded,- it.
one
was
r
said.
7vV
have
year
in;cash
paid
or
.A, A
/
taxes
Gloucester
bill waives payment of
in penalty interest by
County Tunnel 'Com¬
(P. O. Woodbury), N. J.
mission
1
up
$6,600,000
' the rail¬
thought to have been re¬
last
July ' and
releases
$10,000,000 in railroad taxes paid
under the 1941 laws, but held in
by
The
tax
collection
R. Storrie, Secretary of the Com¬
mission, reports that the Recon¬
struction Finance Corporation re¬
escrow
because
cently agreed
to
provide
the,
Court litigation.
necessary
funds, following the
the bill
war
of
said,
collection
period.
for
**
Included
emergency, to finance con¬
struction of a tunnel under the
money.
»'
ware
in
,
the
that in
Hackensack, N. /,
3.6%
City
Clerk,
will. receive
no
of
event shall
the
Hoyt, erty value.
sealed
3%
they exceed
assessed
Taken
real
with
from
prop¬
the
the
City
real
• '
mail
amended
law
time
which
-
.
taxes, Mr. Portfolio
pointed out, furnished the princi¬
pal financing for meeting city ex¬
penditures.
Tax
,
Governor
collections,
on
a
were lower for the second
half of this year than for the
same
period
a
because
re¬
$496,746,659
Report
Cites
assessment
by
Property
market
city
higher,
compared
prices, than those of
studied
by
the
own
ures, but that they would
moved for passage until,
of substantial
assurances
to
not be
but
the
measures.
'
support.
Republicans
understand that Edison
to*
sign the
measures
but .will, not
votes.-1' A /• -
The
is willing
if they pass,
attempt, to t;line
-A 1, A A.
bills establish
up
i't:AA:'.
ceiling
a
A/A'/AA|AA?S >//>
Bidder—/A'
/A
Rata Bid
Int.-Rate
MacBride;- Miller' &' Co.;
*
•-
•
—,f69>
L.
Allen
&
Co...3.20^
/
100.07
approved;. A the
"reconversion:
$30,000 registered bonds into
pon
of
cou¬
form at the request of H. B.
Boland .&
The
Co., -New York City.
bonds,/ bearing 5 %vinterest
due from
to| have;
equal
to
been, waived last
.
year,
verted
ments. /AAA.
i
i- 71
).
it
V
f.r.
i'u
('v
«
1948
to
1959;
are
part of the original $400,000 cou¬
pon issue -which - was later-com*
some,
omitted, and meet
objections raised by Attor¬
&
Co,..2>/4%
&
Sons, Inc.. .7
Weigold,
a
100.42
.kvt'Oi
>
.into -Aregistered
ivt*
'J
»
V/
A I'i
Af
'j )
' 7' >7
7
instru¬
A/; ^
approved
proposal limit¬
ing'to $50,000; instead of $150,000,
the amount of
a
new
bonds that
can
be issued in any year without tax¬
payers
1
New
sanction; A.
New York
.
.
---./v.
of
The review quotes the President
the
Rochester
Real - Estate
Board
stating that 267 proper¬
ties of a total
selling price of
$816,607.13 and total assessments
as
jected $57,0Q0,000
3 V2%
and
"Two
of
them, Buffalo
Syracuse, would be
they
had
not
over
transferred
it if
relief
city to the county.
Rochester would be
over it except
special assessments
for certain city services." The re¬
search/man' declared New York
resort
to
was'over the tax limit and "would
have
been farther
cept
for
overboard
ex¬
having transferred the
support of relief to a sales tax."
"
ester,
ready
as
from the Bew¬
the
follows:
7i/A
"In
committee
*
Roch¬
received
acknowledgment from the
principal spokesman for the city
administration
thatT assessments
Battery-5 have been maintained
S'f
pay¬
no
to
benefits.
of
the
termed
Act
"one
liberal¬
of
the
advances
which 4 New
York has made in the field of so¬
Bond Sale—A syndicate headed
by Shields & Co., New York, was
awarded on May 7, a total of $3,162,000 series A, first issue, re¬
funding bonds at a price of par
plus a premium of $1 for varying
interest rates, ranging from 1.90%
.
ley report
•
benefit
insurance
greatest
City, Buffalo,
.
Bonds Taken5 by RFC—An ad¬
ditional. $1,000,000 Xof
the / pro¬
The'Governor
Syracuse and more than a dozen
other cities in the state./
Pulliam quoted
A
AA;'/■•■•■///
York' City Tunnel Authority
-
'/A':;r
for
grants
have received
ization
greater margin than did valua¬
tions in
costs from the
100.25
/ 100.52 *
Inc.:/; 2.70.%
—
and
tax
real
Roosevelt
Rate Bid
:>7^
the
from
cial legislation." /A
of
/;--/A,:/
Albany stressed figures
showing that this city's real estate Syracuse Housing Authority (P. O,
valuations topped sales prices
by
AAA' Syracuse), N. Y. ■' i ■
l
.*i
/100.35
benefit
Inc.
for
3.6%
franchise
A *>'fut/tlate
•: ■&. - Traders: ■
^
Trust'- co.-'.
i.:...........;;2.20% ;
D. White &
fore
a
wrote. *
-
Newburgh, N. YA':
*4
Rophelle. Parkp
'/.A h r 7 7
A J50,000 ' Bond. Issue; Limit Ap¬
Reconversion Of Bonds
The
proved — The/City Council re¬
Township Committee on April 27
cently
but which was
.
:
);
..
A;
rproperty values;
remit .$6.600.000^interest; thought
the
of; assessed
on
E.
E. :H. Rollins
H.
J
Manufacturers
1C0.074
*
'Other bids;'ABidder^
period
and
ments
review of it by the Citizens
Bureau of Governmental Research
,
he had
The Republican leadership - would
like to have Governor Edison sup^
port
bids:
;■
weekly
partially unemployed who hereto¬
report,
v
meas¬
the
increases
,
Not the committee's
<
was *
Executive,
out
of
duces from three to two weeks the
Legislative Committee on
Assessing and Reviewing, it was
reported today.
'
•
purpose
carrying
recommendations
waiting
Joint
.
his
ex¬
$15 to $18; extends the benefit
period from 13 to 20 weeks; re¬
to
,
said
State
production.
war
statute,
maximum
any
York
New
new
Chief
assessments
averaged
The
—•
its
industry to
four
Over-
.
public reaction to the
time
-
Local
Rochester
V
-
signed a bill de¬
mainly to help workers
displaced by conversion of peace-;
cent date reported as follows;
of
be is¬
Lehman
ernor
Units—The
Rochester "Times-Union" of re¬
City
the
certifi¬
or
Signs Bill Increasing
Jobless
The
of)
determine
bonds
signed
higher than the
levy of $483,516,142.
New York (State
will
unemployment insur- '
payments on May 5 as Gov- '
ance
was
current year's
figures taken
Comptroller's re¬
to
panded
year ago, but that was
last year's tax
levy of
|IS /
terms, by the road
computations, passage Of the ^Mayor-A Kelly's., budget for the of $1,553,323, an over-assesment
repeal or. omission of exemptions
bill will cost the State
relative to market
fiscal year
'$132,000
price, of 90.2%.
or
ending June 30, 1943,
otherwise, subjects to a Fed¬
revenue on 1941 taxes and
/Other groups were cited with
$634,- provides for a further reduction
eral income tax! the interest on
000 this year, but/Increased tax of
over-assessments
of 50.2%
and
$7,769,855 in the gross bonded
bonds
of
a
class
or
character
yields
are v predicted A for A the
Real Estate Board sales
debt in that year, even after al¬ 56.32%.
which includes these bonds, will,
future.
for 1939 included 469
:
~
lowing for $4,000,000 refunding.
properties at
at the election of the purchaser,
/:
Any new issues between Feb. a total sales price of $1,795,836,
relieve the purchaser from its ob¬
Pennsauken
Township (P. O.
28, 1942, and June 30, 1943, other assessed 56.68% above that total.
ligations under the terms of the
Pennsauken), N, J,•
than the $4,000,000
Buffalo, rated second highest in
contract of sale and; entitle the
refunding, are,
Bond Sale—rThe
$250,000 cou¬ of course, not allowed for. It is to over-assessment,.; quotes figures
purchaser to the return of the
pon or .registered refunding bonds be
hoped
that
amount deposited with the bid*
they
may
be showing book values running oneoffered May 7—v, 155,
third
or
more
above
p. .1724— avoided.
market
were awarded to M. M. Freeman
New Jersey (State of) '
prices.
Garden City, N. Y. A
& Co.,
Senator
William
Philadelphia, the only bid¬
A Rail Tax Changes Presented—
Bewley
of
Proposed Bond Issue—Village is
der, as 3V2S, at par. Dated June 1,
Lockport
heads
the
committee
The Newark "Evening News" of
planning to make an offering of
1941 and due
which
conducted
$50,000 on Dec. 1
hearings here
April 29 carried the following re¬
$8,000 fire truck purchase bonds,
from 1954 to 1958 inel.
and elsewhere in the state
to mature over a
during
port from
its Trenton bureau:
period of 4 years.
its two-year study of
assessing
Amendihents to thh 1941 railroad
I
Ridgefield, N. J.
and reviewing in the state,
Hamburg, N. Y.
'
tax laws were before the Legis¬
,! Bond Sale—The $17,000 coupon ; Bond Sale—The $40,000 coupon ; The review of the committee's
lature today, but with no assur¬
or registered
public improvement or registered Cloverbank Sewer report was prepared by Abbett
ance
they will be brought to a
bonds offered May 5 .■<— v>
District bonds offered
April 29 Pulliam, - Executive
Vice-Presi¬
155,
vote before the proposed adjourn¬
p.-1724 —were awarded to B. J. —v. 155; p. 1645—were awarded dent of the Citizens' Research Bu¬
ment later this week. Assembly¬
Van Ingen &
Co., Inc., New York, ta the Marine Trust Co. of Buf- reau and Director of Research
man Towe of Bergen
introduced
as : 2%s, at a /price, of,
100.235, a f^lo^ ;as 2.20s, at/a. price of 100.40, for the Bewley Committee,
the legislation yesterday without
basis of about 2.72%/Dated
"All four
May a basis; of about 2.16 % A Dated
largest cities were
waiting for formal approval from
1, 1942 and due $1,000 on May 1 May 1,; 1942, and due $2,000 on near their tax limits under exist¬
the Republican caucus.
AtAA'A
from; 1943 to 1959 incl. A, Other May 1 from 1943 to 1962 ' incl. ing assessed valuations," Pulliam
a
Aid
monetary
basis,
/ dAi/nlA
J
•
AT
so
long and
to 2V4%
making
a net interest cost
The remaining $1,186,000 bonds of the aggregate offer¬
of 2.042%.
ing of $4,348,000—v. 155, p. 1724—
will be taken by the
FPHA, to
bear
3%
Aug.
15
interest
from
and
1980
to
mature
1988
on
incl.
The
bonds
purchased
by
the
banking group are dated Feb. 15,
1940, and mature on Aug. 15 from
1942 to 1979 incl.
They were reoffered to yield from 0.25%
to
2.15%, according to maturity, and
by the close of business on May 7
all
but
about
resold.
The
$800,000
success
had been
of the offer¬
ing, according to the bankers, il¬
lustrated
of
local
the
growing popularity
housing authority bonds
due
to
ury
toward
the
attitude
their
of the Treas¬
tax
exemption
as expressed
by John L. Sullivan,
Assistant Secretary of the Treas¬
Ability to refund these is¬
ury.
sues
a
at
lower
rates
of interest
is
logical sequel.
; In addition to Shields & Co., the
banking group included the fol¬
lowing:/Hemphill Noyes & Co.,
&. Weeks,
Tucker,
Anthony & Co., Spencer Trask &
Co., White, Weld & Co., Coffin &
Burr, Inc., Stroud & Co., Inc., R.
D. White & Co.,
Newburger, Loeb
& Co. and Content, Hano & Co.
Hornblower
:
—7 A
//. Utica, • N. Y, A '" A A/A/{
/Bond' Sale
coupon
or
— The
$608,337.72
registered fbonds of-,
fered for sale
described
on
May 7 and fully
in * these
columns
on
May 4, page
1725, were awarded
to Dick & Merle-Smith, of New
York, as Is, at a price of 100.239,
q basis of about 0.94%.
The bonds
dated
May A, 1942, and ma¬
ture serially from 0.30% to 1.15%,
according
to ^ maturity.
Other
are
bids
V
,
judgments, claims,
determinations.; The £
and
for
,
of
cates of indebtedness may
sued for such purposes.
,
,
Towe
' A
Judgment Funding Bonds Ma- ;
turity
Bill
Signed— Governor ;
Lehman has approved as
Chapter A
610; Laws of 1942, a bill to amend ;
awards
interest charge.
an
Real estate
.
get
probable '
of municipal bond issues,
poses
paid
bids until 8 p.m.
,
of
'!
were
the
periods
without
property
taxes,
this
(EWT) on May means that at no time could the falo in respect to its outstanding
bonded debt and margin of bor¬
18 for the purchase of
$210,000 total railroad levies exceed 6.6%
not to exceed 6% interest
rowing power, at Feb. 28 of each
their
coupon of
assessed
valuation.
or
year. The Holling administration
registered general- refunding Princeton Surveys
reported that
took office Jam 1,
bonds. Dated June 1, 1942. Denom. the
1938, and at
major systems would have to
that time the debt was close to its
$1,000.
Due Dec. 1, as follows: greatly
increase their earnings
maximum of all time and the bor¬
$10,000 from 1944 to 1946 incl. and above 1941, a
good year, before
$15,000 from 1947 to 1958 incl. they would benefit from the ceil¬ rowing margin at its minimum,
which suggests that as the initial
Bidder to name a single rate of ing. The
Pennsylvania, closest to
interest, expressed in a multiple the ceiling by reason of its earn¬ year to be shown here:A A A • •
At.; A A Aof */4 or; l/10th of 1%V PrinV and
Gross 'I Borrow'g
ings, would have to increase >1941
Feb. 28 A * / Bond. Debt
int. (J-D) payable at the
7
Power
Peoples earnings by
J 40 % to reach the 1938;-L:I;
Trust
Co.
of ;. Bergen /County, maximum.
$117,680,132 AA $76,043
;: A
? ;,
1939__-.II
Hackensack.. The price for which
111,301,069 * 2,050,776
The ceiling bill gives each rail¬ 194ffA_>-.A";
the bonds may be sold cannot ex¬
110,440,578;;: 4,857,184
road ianj exemption
of A $200,000 1941A-AA- - '104,753,408,
ceed $211,000. ? A certified check
8,795,770
from net f operating income A as¬
1942_;:X A ' 98,817,938 12,545,032
for $4,200, payable to order of the
signed to New Jersey before the
The
tediicition ; ih *"the gross
city, is required.; Legal opinion of
tax would become effective.- The
bonded/ debt iri these four years
Reed, Hoyt, Washburn & Clay of
New York City will .be furnished exemptionj plus the ceiling, would has heen ^$18,862,194, or;, at an av¬
enable the Reading and nine small
erage pf; $4,715,548 a year, after
the successful bidder;, -The, enact¬
roads to escape/taxes/
they A de¬ allowing for A all refunding and
ment, at any time prior jto the
clared;, would; make ^ operations -other-new? issuer floated in the
;delivery of the bonds, of Federal
unprofitable.
According to > rail¬ period.;
AA;
legislation which in
.
in
of the
usefulness
A
ports, to show the gradually im¬
proving status of the City of Buf¬
flat
ation
usefulness of the objects and
pur<-
the general municipal
law, in relation to the period of probable
below
quote
received
Chapter 567, Laws of 1942, to
and
other "3 obligations of river :
regulating district* and determin¬
10-
the A same
y
receipts
has approved the
Wright Bill
Int. No. 180, Print. No. 180)'
that the second half of the 1941-42
real estate taxes
could be
In response to several
requests
we.
assess¬
before midnight
Thursday, April 30, the last day
on
nicipal Research Bureau, Inc.,
cently reported, as follows;.
'
;
River, between Dela¬
County, Pa., and Gloucester
The bill putting a ceiling on
County, N. J.
railroad; franchise taxes prescribes
,
total
postmarked
Buffalo, N. Y,
Four-Year Debt Reduction Put
at $18,862,194 — The Buffalo Mu¬
have to wait for their share of the
Delaware
'Bond Offering—Ethel M.
payments
NEW YORK
Chancery
Failure to pass
the
compared with, last year's
as
87.44%
City Clerk J. M.
voters
the
municipalities will
means
the
for
period which started last
July 1, was 88.41% of the current
fiscal year's real estate
levy, he
April 7, have
been A purchased
by
the / State
Treasurer, as 2%s." A ".' /A.^
mitted
of
amend the general
municipal law,.
in relation to maturities of bonds '
month
Stark reports that the
$19,200 air¬
port sife' purchase bohds approved
roads,
Assured of RFC Loan—William
as
April
1,-1942, will not be paid
Bonds Sold
(A.
to the close of business
30, representing the high¬
est percentage ever collected
by
the city in a comparable
period.
pay¬
unless accompanied
by the bonds
to which said bonds are attached.
Legislature: returns May 18A The
2%
—
man
$427,463,695 in 1941-42 real estate
t: Another effort to- pass the sec¬ the State Treasurer, it is reported.
ond bill will be made when theA AAA///Tucumcari, JV. Mex.
re¬
of
Y^0--Mil
Supervision Ended—At/a
due
limit
,
•
-
tax
April 24, thereby increasing its ment
plus debt service, to levy
holdings to $6,000,000; ' A. AAA;/'//*, enough taxes to
support the pub¬
lic expenses at rates mandated
A V^/A/ New York, N.
by
state law or believed
by city of- '
Tax Collections Set New Per¬
ficials to be necessary." :
* A A A
centage Record — City Treasurer
i
Almerindo
Portfolio
;River District Bond Maturities
reported
Bill Approved
Governor Leh¬
May 2 that' his office collected
-
been
high above market values, in
order, within the constitutional;
so
on
designed to save the New. York, Interest ; ceases' on date; called. / A
meeting of the Local Government Susquehanna & Western, Hudson
|ty.A New Mexico (State of)
Av
Manhattan and smaller roads
Bpard on April 27, release of the
A Debentures.;: Authorized — The
township from further fiscal-su¬ from confiscatory .taxation. 'How¬ State' Finance Board is
said to
pervision by the Board was voted ever, TOwe's second bill to affect -have
authorized on April 22, the
upon.
All- matured indebtedness Chancery Court litigation on the issuance of
$600,000 ^State highof the
township, or principal and 1941 • rail A taxu.progjram failed -of. Way: dPbemtuiesA'*
y.t
'/A;■ .■;>
interest on obligations which will enactment
A,f ,*>,
•1 The issue will be^
/ <
purchased: by
fall
construction.
..
were
acquired by the Re¬
construction .Finance Corporation
presented to the First
Bank of Santa Fe for
payment.1 Interest,
x;
JunO'l^/A/AA/A
bonds
T;; H. Ragsdale, City Clerk, calls
for payment on June
1, all; out¬
standing series of June 1, 1922,
Sewer bonds
NosAl. to 18, 21 and
22, 24 to 29 and 34 to 50, dated
June 1, 1922.
Due June 1,. 1952,
optional June 1,1942.', Said bonds
.
Proposed Bond Issue—The bor¬
ough is expected to make an of¬
Brooklyn
Artesia, New Mexico
Bond Call—We understand that
v
City of Asbury Park, in which the
Railroad 'Tax t Situation' Con¬
validity of the; State municipal fused As Session Ends—The New¬
debt '-- reorganization
law <■ as ap¬ ark /News"; of May 2 carried the
:
plied 'to% indebtedness
created following report, from its Trenton
prior to its enactment is being Bureau,*' The railroad tax situa¬
contested.—V. 155, p. 788.
tion was left in a confused state
•;
•
1797
included
VAo
•/
the
,
following:
(for
ArA/A'-,"A vA
1798
Is),, National City Bank of New
"York, 100.08; R. W. Pressprich &
tional Bank of
a
price
of
Bluffton,
to
2s, at
as
the
Ohio
Co.
of
101.25.
Columbus,^-as
est
Second high iy4s, at a
price of 100.273,*a. basis
Co., 100.03; (for 1.10s), Stranahan, bid of 100.74 for 2s was made
by of about 1.21%; ..Dated:/
Harris & Co., Inc., and B. J. Van J.
Feb?Ji,A; White & Co. of Cincinnati.
1942, and due $15,000, on iOCfc/1
Ingen & Co., Inc., jointly, 100.299;
from 1943 to 1952 incl.< Second
First National Bank of
Cleveland, Ohio
Chicago
; 1 Considers
and
L.
$140,000,000 Financ¬ high bid of 101,13 for &l Vas-was
F.
Rothschild
&
Co.,
made by Otis & Co. of Cleveland.
ing—Although the project is still
jointly, 100.281.
7."•!;yy; w"' i--''-. ■
in a decidedly
preliminary stage,
LaGrange, Ohio v..
the city is
NORTH CAROLINA
considering the possi¬ -\. Bond Sale—The $4,000
village
bility of acquiring properties of portion street
Jackson County (P. O.
improvement" bonds
Sylva),
the Cleveland Electric Illuminat¬ offered
May 2—v. 155,: p. 1645—
N. C.
ing Co., a North American Co. were awarded to
Bond Sale—The
Fox, Reusch &
$361,000 cou¬
subsidiary, at a reported price of Co. of Cincinnati, as
pon
semi-ann. road
and bridge
3s, at a price
$140,000,000.
The
prospects * of of 100.70, a basis of about. 2.87%.
refunding bonds offered for sale
such an
undertaking has already Dated April 1, 1942,-and due Dec.
on April 28—v.
155, p. 1645—were
resulted in the formation of two
1, as follows: $250 in 1943; $500,
awarded to a syndicate
composed
syndicates
intent
on
competing 1944; $250, 1945; $500, 1946;,
of Seasongood &
$250,
Mayer, Charles for the bond
issue in the event 1947; $500,
A. Hinsch & Co.,
1948; $250 in 1949; and
Walter, Woody & that the
Order
■
city and the utility
Heimerdinger, Pohl & Co., all of
Cincinnati, McAlister, Smith &
Pate
of
Greenville,
and
Stanley
Gates & Co. of St.
Paul, paying
a
price of 100.11, a net interest
cost of about 3.64%, on the bonds
divided; $233,000 as 33/4S, due on
May 1 in 1958 to 1965; the remain¬
ing $128,000 as 31/2S, due on May 1
in
1966 to
1968.
North
.
Carolina
(State of)
Tax
Collections Leveling Off—
ominous leveling of State tax
An
collections,
earlier
after
months
receipts
had
Dillon,
iv.
Notes
of
hospital bonds, in
with
con- v
Government pro-
a
/
ject to cost $254,000. ;' '"
El
Reno, Okla.
/
/
Price Paid—The City Clerk now '
states that the
$150,000 semi-ann.
City Treasurer; vis
airport bonds sold to Soden & Co. C
-P
of Kansas
City, as noted here—%Stryker„ ORi&^X&T' if' v. 155; p. 1645—were
purchased;;
v" / / //
Authorized
Trustees
The
—
passed
Board
at
price of 100.035.
a
ordinance
an
Enid, OWa/,;//,, V
providing for the issuance of $7,000 not" to exceed 4 V2% interest ■Correction—The
City Commis-;
sion
sewer
construction notes,; Dated
April 15, 1942, and due April 15,
1944.,
funding
peal
the
v
have
passed
an
;
;
May 12, from $139,700 to $99,- This change was made
after;:
the Federal, grant had been in>
on
to Determine Re¬
VoIume^—The
from
to
mitted to the voters at the election
Toledo, Ohio
j Levy Appeal
said
ordinance reducing the amount of
water extension bonds to be sub¬
L,
'r
is
?
city's
refusal
000.
ap¬
of
the
creased from $60,000 to
$100,000. IV
Co., New York, is mentioned as
County Budget Commission to add
>v.y,
heading one group/ while the
1.7 mills to the real estate tax was
Moor eland, Okla.
:
riP-.i -1-:'" Lorain, Ohio
other account is
taken under advisement
being formed by
by the
Bond Offering—Sealed bids will
i Bond
Offering — Frank 2 Ayres, State
Halsey, Stuart & Co., Inc., Leh¬
Board of Tax Appeals;: in be
received until 8 p.m. on
City Auditor, will receive,: sealed
May
man
Columbus on April 24.
Bros., and Otis & Co.; ac¬
11, by H. A. Seaton, Town Clerk, ■
bids until noon on
May 25 for.the ; I
cording to report. Aside from the
Hugh Jenkins, chairman of the for the purchase of
purchase of $19,424 riot tcr exceed
$11,000 hos- •
important question of an agree¬
hearing
attended .by
city
and pital bonds. Due $1,000 on
3%'interest bonds, as follows:,;
July 1 y
ment on the terms of
/; county officials, indicated it would in 1946 to
sale, the
1956 incl.
,1
city has under consideration at $11,424 street equipment bonds. be several weeks
the
it
present time
to
the
existing
operate
outside
to
Read
&
whether
during
rocketed
pany reach an agreement for sale
the
properties.
of
nection
the
of
required.
$500 from 1950 to 1952 incl. Sec¬
ond high bid of 100.27 for
314s
was made by the
Savings Deposit
Bank & Trust Co.* of
ElyriaA;V
com¬
000 county
Denom.-$1,000. Due $10,000
Nov! 1 from 1943 to. 1952 ,incl.
Prim and int. • (M-N) payable at
City; Treasurer's office. A certi¬
fied,; checks for; $1,000^ payable to
-
,
paving bonds, vDated June, l,
1942..
on
question
statutes
for
$1,000 each;
I
utility
corporateI limits.
bond
y-
permit
electric
an
One
of
follows:
Oct.
15,;
reaches
as
p Oklahoma City, Okla.
h
decision.
a
,
r
/ 'If the city's appeal is granted, it ; y Bond Sale —The $179,000 cou¬
Will be necessary to refund
$616,- pon real estate purchase, airport :
000 worth of bonds, while if the bonds offered for sale on
$2,424
in '1943,iarrd
$3,000 from 1944 to 1946,incl.
i.
The
before the board
$1,424;/ others
Due
May 5—y
Denom; •: $1,county's action is upheld the city v. 155,; p. 1645
were awarded/
$2,000; on/ Oct; V15
must'submit a program to refund jointly to the First National
Bank, /
from 1943 to 1948 inci.'.
outside
of the
/ y/ $
municipality.
If
t,279,500,v according to ,;Joseph and Martin, Burns
Corbett, /
Income
from
/Each issue is dated June I,,1942.
gasoline
levies legislation > is needed, it is ob¬
both of Chicago, as l
Nathanson, city finance director.:
%s, paying a V
dropped 6.3%, reducing the reve¬ served that the Ohio Legislature Delivery
to
the
purchaser'/ at
Charles H. Austin, county audi-> price of 100.315, a basis of about •
nue
from all sources to a
negli- will not be in regular session un¬ Lorain. Prin. and int. (A-O) pay¬ tor, :in answer to questions
by 1.46%. Dated June 1, 1942. Due :
able at office of
gible-2.9% increase over the same til January, r 1943.
;
Sinking; Fund members of the State board and $14,000 in 1945 to 1956, and $11,-J
unprecedented
heights,
was
Cleveland
re¬
flected
recently in the April re¬
port of the Revenue Department.
months
last
year.
out,
utility,
served
it
is
considerable
a
y 8,000
pointed
park
;000.
;
bonds.-
Due
-
area
,
Trustees.
Previous
shown in¬
A
Sale Held Doubtful—Comment¬
certified/check | for
2%
of
the
bonds lis
required.
ing on the reports of the possible
creases
in total income
of
averag¬ sale, Edward L. Shea, President Transcript
proceedings / ap¬
ing about 20%.
proved
by
of the North American
,! •
I"
Squire,; Sanders p &
Co., stated
The great margin piled
of Cleveland/-will be
up in on May 5, as follows: "The North Dempsey
the 'first three
furnished the successful bidder.
quarters of the American
Coy would, of course,
Legal opinion of transcript to/be
year, however, may bring record give consideration
to
any
bona
collections for the third succes¬ fide offer
paid for by the purchaser;//
v/approximating the fair
monthly
had
reports
officials said,
year,
With
ceipts
two
months
more
than the total for the
correspond¬
ing period of 1940-4L
chief
factor
y
which
is
off¬
setting adverse effects of the ra¬
tioning program, particularly on
the important gasoline
tax, is the
record jump in income tax collec¬
first
ten
months
,
.
of
last
Dan
Mr.
1 Bond Sale—The
treasurer, testified at the
afternoon session.
/Austin
/
said
that/a'financial
v.
believed
a
should
program
(P.
O.; Okla*
$1,225,000 road '
bonds offered for sale
[/V/;////
he
County
homa City), Okla.
"Holzemer,
on
May 5— "
155, p. 1725 — were awarded toy
syndicate composed of the Har- 1
equitable value of any of its
•„
to
year
county
-and
,
tions—from $13,000,000
during the
$21,000,000 this
Austin
.
!.,!
,y
-
<
of the total for all of the
previous
fiscal year and
The
past
Oklahoma
•
$78,000,000—about $9,000,000 short
$12,000,000
said it was his
policy of refunding
obligations was not wise.
the
ris Trust & Savings Bank of Chi- I
be adopted by the city to correct
Medina, Ohio^p-lYYiYfk.'i.
holdings.
However, > we do not i' Bond Offering—C. D.rRickard, a situation created by past obliga¬ cago, the Mercantile-Commerce
Bank & Trust Co. of St.
believe
that
Louis, R. /I
present
market Village Clerk, will receive sealed tions; 1 He said that subdivisions
J. Edwards,;
Inc., the First Nashould attempt to retire
prices, affected * as they are by bids until noon (EWT): on
obliga¬ tional
May 16
Bank & Trust Co., and Evan t;
the disturbed and uncertain
for, the purchase of
con¬
;$36,000% 3%; tions,, but without undue burden¬ L.
ditions
Davis, all of Oklahoma Cityr :
existing throughout the coupon sewerage
V;.:';//. at a
system/bonds.; ing of the taxpayers.
price of 100.073, a net inter- v
world, reflect the -value of such Dated April 1, 1942. Denoms.
$1,- Vf He explained the County Bud¬ est cost of
about 1.76%,- on the I
equities as the common stock of 000 and
,$500.
Due as'. follows: get Commission had doubted the
bonds divided as follows:
the Cleveland Electric
$495,000 '
Illuminat¬ $1,500 June j, and $2,000?Dec. 1 legality of placing 'the VI.7-miIl
as
2 V2S, due
ing Co.
$55,000 • in 1945 t» v
:■/; ?•/.; ? ;,//;/■'»>. '■?' from 1943 to 1950
incl.,: and^$2,- levy for bond retirement outside
1953; $275,000 as 13/4S, due $55,000
the 10-mill limitation and had re¬
y "Under these circumstances it 000 June 1 and Dec.
'?•;
1, 1951- and
in 1954 to
seems doubtful that we
1958; the remaining 7
fused the city's request so the
would re¬ 1952. Callable in whole; or in.
part$455,000 as l^s, due $55,000 in:/
ceive an offer for our Cleveland in inverse
matter could be decided
order of maturity, on
by the 1959 to
stock which we would be
1966; and $15,000 in 1967. >
;
!
•
justified June 1, 1948, or on any subse¬ State board.
'.
in accepting."
Bonds Offered for Investment—*
J- •. r
Questioned by William J. Ford,
quent interest date. Bidder
may
The successful bidders
board member,
name a different rate of
reoffered /
Mr., Austin said
interest,
Farmington Village School District
expressed in multiples of %■. of that putting the bond retirement the above bonds for public sub- *
(P. O. West
and
ly:/;!!.//;
to
go, re¬
aggregated
almost
have
000 in 1957, 1
Nathanson,
Mr.
■
,
sive
Mr.
opinion
,
.
year.
Thomasville, N. C. ?!
Bond Sale—The $60,000
coupon
»
Farmington), Ohio
Note
m
Offering—Ty J. Franks,
District Clerk, will receive sealed
!%.-• Prin; and int.
outside
(J-D/payable
debt
scription at prices to yield from 1
limitation / would
Village Treasurer's, office: have " decreased the amount of 0.80% to 1.90%, according to ma- '
A certified check
bonds offered for sale on
for: $360/ pay¬ bonds to be refunded in 1942 and turity. ' >
April 28 ;bids until 2 p.m. on
May 16 for able
—v.
to order of the
would : have
155, p. 1645—were awarded '/the purchase of
increased; money
village;, is re¬
$3,700 not to ex¬
y
Oklahoma (State of) :',y;
to the First Securities
available for the general
quired. Legal opinion of
Corp. of ceed
oper¬
Squire,
4%
interest ' anticipation
Supreme Court Decision Affects
Sanders & Dempsey of Cleveland ating fund. He added that the To¬
Durham, at par, divided as fol¬ .notes. Dated June
1, 1942. Denom.
Municipal Issues—The Oklahoma y
will be furnished the
lows: $36,000 as 2V4S, due on Jan. I
ledo- council had not
$925. Due. April 1 and Oct. 1 in
successful
accepted the
City "Times" of April 22 reported 1 in 1943 to 1952; the
bidder
at
the
as > set
expense/, of the $18.60 tax rate
remaining J943 and 1944. Interest A-O. Pur¬
by the in
part as follows:? Whether a
$24,000 as 2V2S, due on Jan. 1 in chaser to
village. '•
^
«■-• v
County Budget Commission. Mr.
pay for legal opinion
recent State Supreme court deci- ~
1953 to 1957.
Holzemer's testimony was similar
if one is desired. A
certified check
sion will
semi-ann.
.
t
public
improvement
at
the
.
'
*
•
for
Waxhaw, N. C.
Bonds
ported
Sold
that
chased, at
ahn.
To
the
par,
water
RFC—It
RFC
has
$50,000 4%
and
sewer
is
semi-
bids
until
v.
noon
Dated
Oct.
1,
1941. Denom. $600. Due $600 on
Oct. 1 from 1943 to 1952 incl. In¬
A
terest
A-O.
different
Bidder
rate
may
name
155,
>
a
of
*
$3,000
April
Community National
Flushing, as reported in
1564, were sold as 3V4S,
p.
at par.
?.
Proposed
the
?s--. :!.y
Bond
plans to make
000
>
Details—The
3%
an
special
!
offering of $28,/
„.
County
(P.
O.
Norwalk),
Ohio
Bond
Clerk
Offering—Leroy Twaddle,
of .the
Board
of
County
Commissioners,
will receive sealed
bids until
on
noon
May 18 for the
purchase of $3,000 not to exceed
4%r interest coupon sewer
bonds.
Dated June 1,1942. Denom.
$600.
Due $600 on Oct. 15 from
Bluffton,
Bond
Ohio
were
nance
providing for the refund¬
ing of $15,000 bonds
maturing in
the present
year. - The
refunding
bonds will
of 15 years.
Sale—The $7,950 fire de¬
partment
equipment
bonds
of¬
fered May
1—v. 155. p. 1645—
awarded to the Citizens Na¬
match
Authorized—City Coun¬
funds
uncertain
in
to
future
amounts
of
use >
to y
an¬
-
lows:;
$4,000
/
from: 1943
to ,1949
-
quently canceled because of liti¬
gation instituted by a third party.
issue
.
'
appeared in our
9, 1931, was subse¬
bond
Troy, Ohio
k
.
which
*
r
cil has althorized an issue of
improvement bonds.
$22,- ticipated Federal aid was under
DatedvApril
000 bonds
to redeem
1, 1942. Denom. $1,000. Due Oct.
an
equal study Wednesday by the city legal y
1,
amount» of
follows: $3,000 from 1943
staff. V;
outstanding
sewer
to
y; sv/y
1951 inch arid
Opinion in the case was filed '
$1,000 in 1952. In¬ notes.
terest A-O..
/ Bonds Sold—The Treasury In¬ April 14, in a suit brought by C.
S. ;Borin,
vestment Board has
a
taxpayer at Erick, I
purchased an
|
Norwood, Ohio
issue of $22,000 3% sewer bonds. Beckham County, to enjoin the
sale and
Dated
delivery of $60,000 worth '
Sept. "• 1,
1942.
Due
on
berger, City Auditor, will receive
March 1 and Sept. 1 from 1943 .to of bonds voted to construct an v
sealed bids until noon
electric light plant. I!
(EWT); on 1947 * incL -Interest M-S.
Legal
May 18 for the purchase of
$30,- opinion V of Peck, > Shaffer, Wil¬ I The decision ordered the in- y
000 4% co.upon motor
junction granted on grounds that i
equipment liams & Gorman of Cincinnati.
bonds.:: Dated r April
an
anticipated! grant of Federal y
;./l/. 41942.
Denom. $1,000. Due Oct.
aid
OKLAHOMA
!
1,."as fol¬
'
of
ing it impossible for cities
as
Z/ C Blackwelt, Okla.
,;
Bond
i
Bond
sewer
—v.
mature,
over
.,
a
.
period
r
Kent, Ohio
Sale—The $150,000 storm
system bonds offered
May 4
155,
p.
Sale
Details—In
tion with the sale of
airport; bonds to
Inc: 6f
,
port
4
Bonds
assessment, street
interest, ex¬
incl.,, and $2,000 in 1950; / Prin.
pressed in a multiple of Ya of 1%.
and int.
(A-O) payable, at First
1943 to
A certified check for
$100, pay¬ 1947 incl.*
Rate of interest to be National;Bank of Norwood.* Bid¬
able to order of the
city, is re¬ expressed in
ders must satisfy
multiples of Ya of
themselves;; as
quired.
to validity of
,\
1%.
Interest A-O.. A certified
bonds/before sub¬
check for $30,
mitting tenders. Payment for and
Bergholz, Ohio '/!??>*?/:
payable to order of
Bond Sale Not Consummated— the County Treasurer, is required. delivery of bonds to be made at
the City Auditor's
office.;, Legal
The sale of $75,000 4% 1st
mtge
fronton, Ohio
"•
opinion of Peck,
water
works
Shaffer, Wil¬
revenue
bonds
to -i
Refunding Issue Authorized— liams & Gorman of Cincinnati, to
Fenner & Beane, of
Chicago, re¬ City . Council,
adopted an ordi¬ be furnished at the
issue of Aug.
have the effect of mak¬
to that of the auditor.
Issue ^
^
Huron
on
May 16 for the purchase of $6,000
street
improvement special
bonds.
Sale
Bank of
Ohio
4%
assessment
i Bond
of
water works bonds awarded
11
to the
Offering — Lotta
Westover, Director of Finance, will re¬
sealed
order
Flushing, Ohio
bonds.
Bond
ceive
to
Education, is required.
pur¬
OHIO
Ashland,
Board of
re¬
Middletown, Ohio
$37, payable
•
connec¬
$150,000 1942
R.
J.
Edwards,
Oklahoma City, at 100.00,
net interest cost of 1.47%
,
report
of which appeared in our issue of
a
May *4;
City Clerk
Carl
states that the bonds
follows:
*,
Randall
sold
were
as
■
$36,000 maturing $18,000 on April
purchaser's •'
15-, in 1945 and 1946, as l%s.
expense. - A - certified check for
90,000 maturing $18,000 on April
5% of the bonds, payable
to-order
15,; in 1947 to 1951, "as 1 Vis.
of-the City
Treasurer, is required.
24,000 maturing on April 15, 1952
as 1 Yas.
Steubenville, Ohio :-1':*,/ /•
/
Bond
Offering — J. / A.; Cart- Comanche
County (P. O. Lawton),
ledge, City,
'v'
•
•
Auditor/will;receive
sealed
on
bids
May
18
until
for
2
the
p.m...:,(EWT)
;
purchase
1645—were awarded $100,000 not to exceed
6%
of
inters
'
Bonds
Okla.
Approved
stand that
an
'
—
election
resulted in favor of
.1
We under¬
'
totaling,$50,000 to match the '
bonds had failed to
materialize
after the bonds were voted.
( :.?
"Oklahoma ;I City's ; bond/I issue
for the
in
the
the
new
same
decision
Bethany airport
were
it
appears
the
only
thing that makes these bonds legal is.that the■ 30-day protest
period
has
run,
and? the bonds
have been sold and delivered
into
the
hands
of
innocent
pur-
chasers,"
sistant
Un
said Leon Shipp,
Municipal Counselor.*
the
Council's
Erick/case,
,;
bond issue
of
Erick
to
build
minutes
was
as
a
y
condition, and under
the
called by the
sponsor
of
a
City
project
$110,000 electric plant
with Federal aid.
The bond issue
proclamation and the
ballot, how¬
April 21, ever, failed to mention the
issuing $105,- pect of Federal aid.
I
y
on
'-V
y
•
•
f
I
As- /
the
showed
=-
-
pros¬
y •.?
$ Volumetl 55^ Number 4071
' After
.
i the
the bonds
were
: THE
will
voted and
Federal
ion
erect
$60,000 elecAttorney's for the City
failedto
plead
the
statute of limitations setting forth
the expiration date of the protest
;; period,
and - the Courti therefore
,did not rule on what effect that
of
would have
:Vu i/.y-
value
par
l%s, . at a price of 100.66, a
the basis of about 1.63 %. Dated May
of
,
t*
bidder
Clerk
Detroit.
Securities
E.
J.
City, at a net interest cost of
3.65%> as noted here in February,
•
purchased
were
000
4s, due
as
follows:
as
$15,-
Feb. 1; $2,000 in
on
| 1945
to 1951, and $1,000 in 1952;
$1,000 as 3%s, due on Feb. 1,1952,
the remaining $4,000 as 3s, due
$2,000 on Feb. 1, in 1953 and 1954.
•
'
Interest payable F-A..
Shawnee, Okla.
Bond Sale—The
$130,000 airport
on April 27
1646—were awarded
;
bonds offered for sale
.
—1v.
to
'
-
■V
155,
p.
.
the Federal National Bank of
C.
J.
Coleman.
Due
$6,000
in 1945 to 1965, and $4,000 in
The successful bid was
of
basis
a
about
1J822%.
$2,500,000 bonds, consisting of $1,550,000 series 49 road, $500,funding bonds have been deliv¬ ! : 600 series 11 park, $350,000
ered to the First National Bank &
series 6 airport and $100,000
Trust Co., Of Oklahoma City, in
series
13 building improve¬
the County Cleric "that $6,000 re¬
^ v
:
,
H\ Columbia
'
District
■
River
(P.
'".-oV '
The bonds mature
ment.
^0 •■71'"
"
"
>'•
i
nually
an¬
May I, as follows:
from 1943
to
1952
on
4 Plans/- Refunding
Issue — The
district is contemplaUng a refund¬
ing issue to retire $75,000 bonds
that mature next October.. •,
=
!
Cherry
Township School / District
(P. O. R. D. 5, Slippery Rock), Pa.
Bond
Offering—Delia
Hocken-|
berry, District Secretary, will re-f
ceive
sealed
(EWT)
bids
until
5
chase of
pmntj.
that
announces
refund
loan
bonds
will
City
of
1931.
be
The
redeemed
National
Bank,
and those of 1931 at the
Trust Co., Pottsville.,
empowered to pre¬
or classifi¬
Pottsville, pare a uniform system
Schuylkill cation of accounts for
H
Loan
"The
Commission has found,"
the report
stated, "that records pf
Legal Issue—A legal question in-r
many
Bond Election Confirmed—R.
I M. Burley,. Attorney for the DIs-
-
interpretation of the
municipal borrowing
State's
new
1
-r<'
distribution
•'•*(« '•
-
* *
x •
Bond- Offering
G. A. Grovel
'
system
,
rev¬
.
-4
'• •'
»
V
Forest Crave, Ore.
Bond Offering—Sealedbids will
alleged defalcations and misap¬
has delayed nego¬
plications of municipal funds have
$80,000 emergency
resulted."
'
according to /report. ' The
-
loan,
,
resolution
authorizing
T h
the
bor*
used
for
general
specified
that
loan
"will
11, by ' W. H. Weber, City Man¬
ager; for the purchase of. $3,000
exceeding 1%
!
McMinnville, Ore.
be
mendation
;
/!.
.a■
Bond
May 26 for the purchase of
$100,000 not to exceed 3% inters
est
coupon
street
improvement
bonds. Dated June 1, 1942. Denom.
$1,000.
Due $10,000 on June :1
on
from
1944 to
name
a
1953 incl.
offered
(today),
•
Clerk,
City
;
by Mina Redmond,
for the purchase of
Dated June
June
1, 1942. Due
1957.
years
.
5;•.;/v:
ex¬
deen,
Callable and redeemable
upon any
sale
on
Registerable as to principal only.
Issued subject to approval of the
bonds/ and
in such
case
21—+
lV2s, at
as
a
price of 100.625,
1.30%.
Due $2,Feb. 1 in 1944 to 1947 incl.
on
Nevada Gulch Sch. Dist. No,: 76
(P.
proceedings by the Pennsylvania
Department of Internal Affairs.
chase the
bonds
April
basis of about
a
000
check for $2,500, pay¬
for
$8,000 semi-
revenue
155, p. 1565—were awarded to
the First National Bank of Aber¬
pressed :ih;m
A certified
The
—
works
O.
Bond
Terry), S.
Sale
Dak.
District
—
Clerk
Henry Cooper states that $13,000
3%* semi-ann.
warrant, funding
bonds
offered
were
April 23 and
for
by
par
School
$650
the
the
only
Dated May
from
on
purchased dt
State
Permanent
Fund,
ceived.
sale
were
July
1
1
bid
1942.
1943
re¬
Due
to
1962,
subject "to prior payment.
Wall, S, D.
Bonds
is
stated
by
Jensen, Town Clerk,
$12,000 3% semi-ann. gen¬
Leonel
that
Sold—It
M.
the t debt secured
upon
trict
i.
-
„
any present or
4
-
<
....
'*
'
»
on
1; $2,000 in 1944 to 1948, $3,1949 to 1956, and $4,000 in
after date,
or
.r<4-
000 in
s
'vv•.•>!•■• •',.;'v/;
Township School Dis- the
deposit accompanying his bid
eral obligation water
(Py O. Pittsburgh), Pa.
bonds of¬
will be returned,
fered without success on Oct.
fu^ 44 Bond Election—^-An election will
6,
ture law Of the Commonwealth be
Tyrone School.District, Pa.
1941,; have since been sold to the
held May 19 on the question of
Bond Sales Details—The
of. Pennsylvania. The bonds, ack
State Department of School and
$25,-!
issuing $65,000 construction bonds.
I
Ji
rC: T '
000 funding bonds awarded April Public Lands.
cording to the bankers, are legal If'5' k''
New Kensington, Pa.
'!'»
U'i!
;
f
' <•" '•*, r / }
I' "Sy,
'
investment for savings banks and
27 to E. H. Rollins & Sons, of
trust funds
in "New York and T. Bond Sale—The $150,000 fund¬ Philadelphia—v-.
TENNESSEE
155, p; 1726—
Pennsylvania
and; are payable ing, bonds, offered May 5—v. 155; were sold as 2s, at a price. of
Grundy County (P.O. Altamount),
from unlimited ad valorem taxes p. 1646—were awarded to
101.149, a basis of about 1.78%. '.
bonds
thereby under
$38,000 water and light refund¬
ing, Series of 1942 bonds. Interest
rate is not to exceed 4%, payable
J-D.
>■■.'-!.
v,
Bidder to
single rate of interest,
Sale
water
ann.
.
the-, terms of the contract to pur¬
tOWhsMp,y s ^equiredkk!
which may 'berlb*
gaily levied or assessed upon the McCandless
be received until 7.30 p.m. on May
.
that
,
fund any tax
Bond Offering—Sealed bids will
11-
municipal
any such "new"
repaid out of the next bond issue,
borrowing be done only on ap¬
or provided for them in the
bud¬
proval of a majority of the voters
get for 1943."
Officials of the
of a city or town.
First National Bank Pf
Borrowing to
Scranton,
with whom negotiations for the pay for hurricane or other similar
disaster costs was excepted.
loan were begun are said to have
-
semi-ann. war
'emergency of 1942 bonds.
Dated
May 1, 1942. : Due $500 from May
;
1, 1949 to 1954; callable on any
interest payment date.
•'
Commission
restrain
borrowing (other'than for re¬
funding purposes) in its recom¬
improvements,
the
Governor's
e
also sought to
rowing, with the proceeds to be
entire
be received until 7.30 p.m. on May
not
and,; further,
situations,
such
of this year,
of an
able ; fo: prder of the City, Treas¬
Publicly Offered —The
future law of the Commonwealth urer,- is required.
In the event
$5,800,000 bonds are dated: of
Pennsylvania.
Issued subject that prior to the delivery of the
May 1, .1942; and;wereHeo^ered to
approval of proceedings by the bonds the income received by pri¬
for public investment by
Halsey1, Pennsylvania
Department of In¬ vate holders from bonds of the
Stuart & Co., Inc.; and their; ask
ternal v Affairs.
Township
will same type and character shall be
sociates in the underwriting, at
furnish' the bonds and legal
opin-f taxable by the terms of any Fed-»
prices to yield from 0.50% to
ion of Burgwin, Scully & Church¬ eral income tax law the successful
2.10%,* according to maturity.' The ill of
Pittsburgh. A certified check bidder may, at his election, be
county, it is! noted, ^Oias stated for
$500, payable to order of the relieved of his obligation under
officially that it; will pay or Hek
-
'
of
'
.
*
purchase bonds,
v*"',?
because
of
in
not
are
tiation
.
;V>
condition
proper
that
law, which became effective Jan.
expenditures
municipalities
-
,
.
trict, confirms the report in our
issue of April 13, that an election
will be held on May 15, to submit
to the voters an issue of $1,250,000
enue
and
revenue
volving
an
use by all
municipalities.
of the State's
Scranton, Pa.
>;:4l
Negotiations Delayed By
■
•
1930! ommended that the State
Director
the J of Finance be
at
a question as to the
appli*
SOUTH CAROLINA
high school addition bonds. Dated cation of the new
borowing act,
June ,1, 1942; Denom; $6004 Due which
makes no provision for such Charleston
County Sch. Dist. No. 4
$600 on Dec- 1 from 1943 to 1952 a thing as an
"emergency loan/'
(P. O. Charleston), S. C.
incl. Bidder to name a
One
single rate
Bond Offering—Sealed bids will
point to be decided is
of
interest, expressed in a multi4 whether or not the proceeds of a be received
by the Board of Trus¬
pie ofH4 of 1 %.- *- The; bonds1 will bond issue can be classed as
tees until May 14, for the
"cur¬
pur¬
be issued free -of taxes
levied rent revenue" for the
chase of $25,000 school bonds.
city;
City
;
pursuant
to present
or
future Solicitor Myers said he would
Union County (P. O.
laws of the Commonwealth of
Union), S. C.
consult with counsel for the bank
Pennsylvania. Sale of the bonds to ascertain whether or
Bond Election—It is stated
by
not the
is subject to approval of
W. H. Perrin, County
proceed-i institution
will
advance
the
Bookkeeper,
ings by the Pennsylvania Departs money with a definite
that an election has been called
promise to
meat of Internal Affairs.»A
cer-f repay when the bond issue is sold for/Aug. 25, to submit to the
tified check for
voters an issue of
$200, payable to about four months hence. ;
$20,000 county
J. E. Stoops, District
jail and office building bonds. 1
Treasurer, is
Sharon, Pa.
required.
Bond Offering—Fred S. Wil¬
SOUTH DAKOTA
Harrison-Township (P. O.
] liams, City Clerk, - will receive
Natrona), Pa.
Milbank, S. Dak.
sealed bids until 2. p.m, (EWT)
$95,000 <
Township Secretary, will receive
incl.; $80,000 from. 1953 to sealed bids until
7.30-p.m. (EWT)
1962 incl.; and $75,000. from
on- May-18 ;for • the
purchase of
1963 to 1972 incl.
$10,000 coupon general obligation
k3,300,000 series 3
Uncollected bonds. Dated June
1, 1942. Denom;
taxes
bonds/ Due
$330,000
$1,000. Due Jufte 1, as follows: $1,annually on May 1 from 1943 000 in each of
the* years 1944 and
to 1952 incl. Bonds maturing
1945, .1951 .and. 1952, 1954, 1956
1
from 1950 to 1952 incl., ; are
and 1957, and $3,000 in 1959. Bid¬
callable in par in inverse or¬
der Jtpi name, the/ rate of interest
der of their number on-May
in a multiple ofof 1%. Prin.
1,. 1947, or on any- interest and
int.. payable free of all taxes
payment date thereafter. 4. ;
levied k' under
any
present
or
Bends
/
electric
at
certain
May 11 for the pur-f
$6,000 coupon first series raised
on
.
Utility
O. Portland), ' "Ore;
Peoples
*
;
blow
a
.
V
-,,
OREGON
,
Sale
consisted of:
exchange for old bonds.
.
a
1966. price of ,100.419 for 1 % %: bonds,
Woods County (P. O. Alva), Okla.
Bond Exchange—It is stated by
•
&^Sherrerd,: jointly,
?
.
of ' Oklahoma
Co",
-
on
Shawnee, at a net interest cost of
about 2.30%, according to City
Bohd
dealt
-
port of last January.
'
have
been |
Stating that there was a de¬
drawn for redemption on June
cided lack of
1,'
uniformity in the
1942, to wit: Nos. 6 and 20 of the1 substance of figures submitted to
1930 street paving loan and 221 the
State by city and town finan¬
and 32 of the debt
payment and' cial officers, the Commission rec¬
lows:
V Tff
Ladenburg, Thalman & Co., Union
-Corp.; Hallgarten &
Co., Spencer Trask & Co., Hornblower & Weeks,- Bacon, Steven?
son
& Co., all Of. New - York,;
Stroud & Co., Inc., Philadelphia!;
Glover & MacGregor,! Inc., Pitts^
burgh; Manufacturers & Traders
Trust Co., Buffalo; Paul H. Davis
& Co., Chicago; First, of Michigan
Cbrp;, Harvey - Fisk & Sons;' Inc/;
and Content, Hano & Co., all of
New York; Walter Stokes & Co.,
Philadelphia; Alfred 7 O'Gara &
Co., Chicago; Newburger;Loeb &
Co^ New York; S. JC. .Cunningf
ham
&
Ca, Inc.,
Pittsburgh;
Phillips, Schmertz & €0;, Pitts¬
burgh^ Dolphin &!Co., Inc., Phil¬
adelphia, and Crouse
Co., of
bonds sold to ;the
;
-
outstanding j bonds
l%s, "100.518; Halsey, Stuart &
May 1 .for
Co.,;-Inc.,vl3/4S, 100.439; Singer;.
$1,000 4% semi-ann. water,' series
Deane & Scribner,
A. Webster
B, bonds, at par.
Dougherty & Co., Graham, Par4
sons"., &?. Co,
PENNSYLVANIA
and; Peoples-Pitts¬
burgh Trust Co., Pittsburgh, l%s;,
Allegheny : County {P; 0.r Pittsj 100.41; Hemphill,
Noyes & Co.!,
ffxburgh),: Pa.: /.r.;
Moore, Leonard & Lynch, Phillips;
:
Bond
Sale — The k $5,800,000
Schmertz & Co., S. K. Cunning-bonds offered May 5—v. 155, p.
ham & Co. and George
Applegate;
1646—.were ? awarded to a.Hyndii
joinly, 2s, 100.039.'* 4 I
H
cate composed: of Halsey,./Stuart
& Co., inc., Blair. & Co., Inci 4 Carbondale School District, Pa, j
Clerk states that the $20,000 water
Piersol
mission,
t
-Ore.
Bank of Newport was the success-
■
works
Pottsville, Pa.
*
[
Waid port,
;
ful and only
Shattuck, Okla.
I Bond Sale Details —. The City
;!
&
15, 1942, and due May 15, as foU
$30,000 from 1944 to 1951
Bonds Sold—It is stated by >H; incl., and $10,000 in 1952.
4 Other, bids:
Blair & Co., Inc.,
L. Kelly, City Recorder, that the
cu
a-'* ■ S *
the case..
.
■V.'^The decision seems to say that
the law requires a bond issue pro¬
posal to state- specifically rwhat
«the project is for which the bonds
i are
/ being , voted;
'and /state
whether, arid in what amount,
c
Federal aid will be available,"
Shipp said.
•" 1
< '
'
on
awarded do E. H.- Rollins
certified check-as
a
of: the
;
Erick
.
;
Enclose
for 2 %
bonds.
a
trie plant.
.
.
were
1799
accounting pro¬
opink Sons, Philadelphia, and Glover &
Bond Call—Harry
Marks, Sec¬ cedure
which
the 1 Governor's
paid, by the successful MacGregor, of Pittsburgh, jointly, retary- of the
Sinking Fund Com- " Commission headlined in its re¬
be
to
bidder.
bonds and revise- plans and speci¬
fications to
approved by purchaser's*
attorney.^; The cost of such
grant 1 was V:' turned
down, the Council attempted to
V got ahead with tthe sale of the
,
i
be
COMMERCIAL1 & FINANCIAL CHRONICLE
Halsey^
levied
8
■
against
all
of
the
interest property in the county.
*
taxable Stuart & Co.;jnc,; New York; a$
1 V4S,
at par plus ,a premium of
' 3
Tenn.
West Edston
(P. O. Easton), Pal
Bond
Additiona 1
Information
—
It
is
Election—At an election
reported
that
the
$50,000
paying date. Prin. and int. pay¬
Other Bids—A number of other $543,: eqiiaT to 100.362, a basis 01
able at the City Treasurer's office. syndicates
aboutTl'18%^ Dated' May 1," 1942 on May 19/ the voters, will con¬ funding and refunding bonds sold
participated: in
the
sider an issue of $25,000 street to Clark & Co., of
and: due .$30j000 on May 1 from
Nashville, as
competition
for
the ! bonds, >! as
Springfield, Ore.
•
'
1943 -to 1947 incl.
I noted here on March 9. were pur¬
follows:
f
Re^offered tp improvement bonds. ,,*■>.
now
.
,-
Bond Offering—Sealed bids will
-t be received until 7
p.m.
on
Chase
>
\
corder; for the purchase of $15,000
coupon street, sidewalk and sewer
bonds. Denom. $1,000. Dated May
/■
-
Oregon, of Springfield. /
The' bonds are-payable
1 from an unlimited ad valorem tax
and
issued in
compliance with
Section
; bid
95-1603, O. C. L. A.
be ^considered for
No
value
New
Co..:;^irst:
v
^-
City
r- • •; ^
As *•
*•
•
100.17, i
Bank
of
-
yi:-
New
•
Haniman
Ripley &
Inc., -Peoples -Pitts¬
burgh, Kidder, Peabody &
Co., Estabrook & Co., and
Associates
Trust
burgb,
.
Co.
.of
.
v.-t
.
.*•••**
K
j.'
' f
,
,
Mellon
Securities
Mellon Natil Bank,
Corp.,
'
101.20
v.'
.Pitts-
x
;
r
J
/kV'4
Pan>ers Trust Co. of NewYork, Drexel & Co., and
Ass'-ciatesi'.;
...-/ irk
La'ard Preres & Co., B. J.
Van
Ingen
&
Coi..; Inc.,
Bemphi"., Noyes
&
Co., v
White, Weld & Co., Moore,
•
100.701:
...
and
Leonard
sociates
&
Lynch,
bids:
^
'
"•^Bidder—- *
•
X
Int.Rate
Singer, peane \& Scribner...
Hemphill,-. "Noyes & Co
E:VH.- RolMns .fe" Sotis, Inc., /
Butcher^Sherrerd........
.
l'/4%
1\'?%
.
.
;V: 2%
100.675
Prajmi
$207.no
615 59
IK%
'418 51
a234,00
,
ISLAND
RHODE
:k.; '
.,
.
chased
Other
Rhode Island (State
Municipal
1. 1941.
of)
able at the
■
mount.
Audit, Legislation
Dies—Although .with the
95%
of
the
par
accrued interest, and shall include
Cambria
■
:r ■:.■
County f.(P.<>: O.
burpr);, Pa. \ x
it
Ebens
dated
County Trustee, Alta¬
Theee
bv
passage
bonds
Chapter
valir
were
268,
?
*
•'
-
,U.w.
■
.
*
1
.
:"! Philadelphia, Pa.
€ Bonds
Exchanged
—
r-: 4
Drexel
i
&
Co., Philadelphia, and Lehman
Bros., New York, joint managers
of the $131,064,000 bond exchange
group, announced exchange of an
,,
of the omnibus tax-relief
Private
;■
additional >$35.000• bonds
Commission to study State and
municipal financial problems, five
measures
Of
Were
aimed
town and
and
died in
these
at
committee.
five
measures
at
clarification
two
of
city accounting methods
control
of
•
j
in
April end the
with
the
month
..
,
General
borrowing by
in the cities.'
/ !■/•
*
'!!■!- /•! Death of; the bill which rec¬
of;April, making a grand
Bond Sale—The $250,000
all charges to be incurred in the
gen. aggregate-! of
$81,859,000.;: - This ommended the setting tip of uni-\
/ issuance of the bonds, including eral; obligation ...refunding .bonds .'totalincludes series E, G, I, K form
accounting methods in cities
offered May 4—v. 155, p.- 1646—' and O.
the printing charges. The legality
(
1 and towns and annual
than
-
5s, at par. Dated Feb.
Prin, and int. (F-A) pay¬
as
Acts, 1941.
bill, the
4 ?
Tennessee (State of y
Assembly prior to ad¬
'kkBondfe Election—At;an election journment on May 1 had accepted
Revem^s Show
Tax L^s—
on
May 19 the voters will con-| major portions of recommenda¬ Aut.o
tire rofloning nut Ten¬
siderkan!,issue.of $100,000 bonds. 1 tions set forth by the Governor's nessee's tax intake on
the skids
Olyphdnt School Districth Par -. I
.
and As¬
...................
.
yield from 0.40% to 1.10%.
*">:■ *'■>'■
Boston,
Co.,
Union
less
shall
-
.York,
•
paying date. Rate of inter¬
est to be specified by the bidder.
Prin. and int.: (M-N) payable at
of
Trust
Naticnal
terest
Bank
of
Associates
Due $5,000 on May 1, in
1946 to 1948.
Callable on any in?
the
Bank
Corp., Blvth' &• Od.; Harris
Trust (te Savings Bank, and
■
1,-1942.
'
Int. Rate-Rate Bid
Nat'.l
j-York;.^Oi>emical-Bantr
Hi, by C. L. Aldrich, City Re-
j
,
Bidde-—
May
post audits
a
decline
s^me
month
mor>*h wo^ind up
of
0f
$220,936
last
over
yea1',
the
Department of Finance and Taxa¬
tion
announced recentlv.
u
Total collections for April.
3942,
were
$6,476,362 against $6,697,299
for the
s^me mon+h of 3941.
Officials of +he Department saiii
it was the "first time in mprsW
months" the collections had failed
to show a gain.
/
'
MOO
Gasoline tax collections showed
rtfje biggest slump, accounting for
than half the
more
$20,000 3V4% semi-ann. construc¬
collections
anded
for
the
month
just
Texas
*
Bond
$1,716,443 as com|*ared with $2,086,942 for April of
year. '
"A "
■'
Sale
Merchants
-'PpY'V:
Bartlett, Texas
Bonds Sold—It is
reported that
.
we
$S2,000
3%
semi-ann.
electric
.tight and power system revenue
refunding bonds have been purabased
by
City
less
than
discount price
a
and accrued in-
par
smd available for
ing
bonds
tenders.
on
the
reserves
in purchas¬
use
The
city
right
to reject any
all offers.-V/, ;
,^rV;Vf
aaad
Brownsville Indep. Sch. Dint. (P.O.
Brownsville), Texas
Sealed Tenders Invited LL It is
.
'
>
to
with
the
.
terms
.
the Columbian Securities
San
1941,
and
1942 to
1951.
mature
Oct.
on
1961;; optional
Prin.
and
int.
10
in
V/' Houston, Texas */
■
'
Bonds Canceled—It is reported
/
toat
at
waters
recent
a
approved
election
the
cancellation
of
stand
4Bi
bonds
Texas
under¬
stand that the City ; Council re¬
cently passed an ordinance calltog for the issuance of $35,000 not
Worth, Texas/,.
Election
at par,
issue of $500,000 flood control
Bond
Sale
Canceled—In
Due
Beane,
Houston,
report
of
which
of
ap¬
peared in these columns last
May,
now
reported
that
the
1966 to 1970 incl.
Dated
March
15,
'
!
1942.
•
•
•;
Bonds
San
Precinct No. 4 (P. O.
Texas
Warrants
derstand
Fairfield),
the
—
First
We
un¬
National
of
Wortham, has purchased
'■£$ par, $12,000 6% semi-ann. con¬
duction
and
Dated
maintenance
war¬
May
1, 1942. Due
May 1, as follows: $1,000 in
1944,
$2,000 from 1945 to 1948, and $3,*
m0 in 1949.
,
,
,
We
—
McLeod
(The
*
Dist.
by
Sale
O.
is
interests
Board of Education
the .sale
in
the
connection
of
$96,000
semi-ann. refunding bonds series
of 1942, to Garrett &
Co., of Dal-?
las, at par, report of which ap¬
peared in
our
issue of
March
the bonds mature April
lows: $14,000 in
16,
fol¬
1, as
1942, $10,000 in
1943 and $8,000 from 1944 to 1952.
Orange
;
r
'
•'
before
or
the
4.66%.
Dated, Feb.
,
I \ 1
*
Issue, Series Bt to the
amount;/ of $2,082,000. f Due V in
varying amounts
on
June
1, 1955
to 1998.
v
'■/ :
All dated Dec. 1, 1940.' Interest
ceases on date called.
'••r ' !
-.v..-.-1
West
-
Virginia (State of)
Wheeling
:
Denom. $1,000.
Bridges
chased—The
1,
;
to
Be
Parkersburg
>
Pur¬
"Sen¬
Due Aug. 1,
$2,000 from 1943 to
1949, $3,000 from 1950 to 1955, $4,-
tinel" of April 24 reported as fol¬
lows: Representatives of the State
000
of
Wheeling City Government
from
1956
Road
to
1959, $10,000 in
1960, $11,000 from 1961 to 1962,
$12,000 in 1963 and 1964, $13,000
at
date
in
Commission
to
come
$
*
!
tfr.r' t # 'f?,
Details-^In'
1965
-
and
lof
the
have
tentative agreement for
a
and
& Trust Co., of New York. < Le¬
gality approved by Preston, Thor^
grimson,
Turner,: Horowitz
&
Stephan, Seattle.
•' «*4/- i
by
800,000 to pay dor the spans.
*
./Two of the bridges which run
;the City »of- Wheeling to
Wheeling Island are now operated
from
free
"•
Sale
Tacoma, Wash. )
\
vWarrants; Called/^ Cife.-Treast
f',
connec¬
}
the' Southern
Securi¬
A. E;
Troyer is said
side
"to have
will
which
If
,
Moroni City, Utah
Bond
Sale
[
Not Consummated—
'
In
connection
$40,000
v with;
the
electric
light
sale
City,
appeared in
our
City
states
that
due
Co.,
report of which
issue
Recorder'
of Jan.
Rulon
to
the
31,
Johnson
failure
of
delivery of equipment the sale
of
the
bonds
was
not
Bond Sale—An issue of
000
bonds to Edward L. Burton &
of Salt Lake
of
revenue
r
consummated.
the
the
con¬
Ohio
Under the
Commission
come
free.
continued
to
V
own
the bridges after they became toll
free the city would at at
pense
over,
big ex¬
in maintaining them. More¬
the State will derive bene¬
fits
for its citizens
generally by
having the bridges free. It seems
the
one
new
/
be
and
ratified.
1
$2,278,-
refunding, Series A bonds
Road
they will
Wheeling
that
VIRGINIA
Charleston Housing Authority
/
(P. O. Charleston), W. Va.
which
with
plan until the
bridges are paid for, which is ex¬
pected to be about 10 years, after
good
WEST
iUTAH
two
continue .this
—
:
the
toll structures.
are
agreement
March 27:,
warrants numbered
to
79,198,
to the
general fund
from - 68,728
while
nect/the /island
on
appeared in our issue of amount of $197,440.30.
V ! ;
May 4, it is now reported by G.
.Williamson County. (P, O.
Morion),
D.
Garrett, City Secretary, that
Wash.
the bonds mature May
1,. as. fol¬
XBond Issuance Planned
We
lows:
$3,000 from-1943 to 1947;
understand
that
the
county is
$4,000 from 1948 to 1952, and $5,000 from 1953 to 1957.. Callable making preparations to issue $50,4
000 blind pension bonds.
'
after five years.
arrangement
we
is
a
trust that it will
?
.
WISCONSIN
,
was
Almena, Wis.
Bond Issuance Contemplated—
awarded Town .Clerk
Joseph Franzen re¬
to
a
syndicate
composed
of ports that the issuance of
$46,000
Phelps,
Fenn
&1 Co.,
Lehman road improvement bonds is
being
Bros., F. S. Moseley & Co., R. W.
considered.
J 'C'
/
Pressprich & Co., the Equitable
Securities Corp., Harvey Fisk & Brown County (P. O. Green Bay),
Wis.
Sons, Inc., Reynolds & Co.:, all of
offered
a
.
for
block of
sale
on
$1,936,000
April 30 and
was
-
v
New York.
VIRGINIA
County
Cons. Com. Sch.
(P. O. Orange), Texas
Dist. No. 7
the
of aqy
First
-
follows:
as
the
Clerk
of
which
stated
of
Agent/of
/
report
our
urer
,
Details—It
Fiscal
1
;
(P.
Superintendent
<
called for payment
McLeod), Texas
the
f_
1942.
;
Co., of Little Hock,.as JYzS,
semi-ann., at 101.583, ; report/ -of
-
Ind.Sch.
the
for
basis
ties
••
'■
leston,
Authority (or at the office
quest/;was
Council
headed
understand
.
upon
successor' Fiscal
$60,000 sewer
improvement bonds to a syndicate
Mahan, Dittmar & Co., of
Antonio, recently purchased
bonds.
with
Purchased
that
Sold
and!.payable
bonds called, at the
Charleston National Bank, Char¬
^eat^e>.-:i^a8^<pp/vp
tion with the sale of
$24,000 2%% semi-ann. refunding
sale
Commissioners
-f.'.*
>
Bond
above supersedes the
report which
our issue of April 13.)
that
due
each, of the
Chicago, Hartley Rogers & Co.,
Seattle, and including a num¬
other houses,- in the pur¬
chase ;of the v bonds; at
95.00, a
Texarkana, Texas
;. ^1
Liberty County (P. O. Liberty),
Texas
■; */V/''/I
become
were
ber ;pf
,
>
bonds
of
.
r
County
and
District
lars of the plan.
'
3%% A refunding
bonds;
Due
$3,000 from April ; 15,
.
72
4s at par;;
as
were associated
with a syndicate
headed by John Nuveen &
Co., of
persons
•
15,000
'
No.
recently
- of
which
ap*
issue: of May 4/ it
is how reported that above named
petition on file and the orders of
the Court for details and
particu¬
on
1965.
Bond
Freestone
rants.
bonds.
April 15; $1,000 from
1946, $1,500 from 1947
to 1953, $2,000 from 1954 to
1960, and $2,500 from 1961 to
canceled.
'Bank
?)
refunding
the
the purchase by the State from
1966, and $11,000 in the City of Wheeling of the four
1967. Callable on 30
days' notice Ohio river bridges at Wheeling on
on and after
of
this
Aug. 1^. .1944, at vari¬ terms which are subject to ratifi¬
matter, from !he! com¬
ous
premiums through 1966, and cation. Wheeling bought these four
mencement): or Vcontinuatiori
of
at par
suits against the city
thereafter./ Prin. and ink bridges from private interests a
;upon any
indebtedness affected by the plan. payable at the District Treasurer's little more than a year, ago and
Creditors
are
referred to the office, or; at the Chemical Bank issued bonds, to the extent of $2,-
understand
follows:
as
that
The
—
Spokane,
hearing.
are" hereby'-- en¬
joined, pending the determination
1943 to
con¬
nection with the sale of the
$120,tfNM)
2% > semi-ann.
construction
bonds
to
Fenner
&
is
3^%
on
hearing.
be filed with
to
are
States
All
appeared in
JFreeport Ind. Sch. Dist. (P. O.0
Freeport), Texas
was
We
—
divided
$41,000
"
Considered—We
bonds. '
silt
Sold
Sold
peared !n
fixed for the
Co., of Dallas, have
purchased series of 1942, semiann.
bonds, aggregating < $56,000,
{understand that the City Council
considered
calling
an
election to submit to the voters
V
United
Lewisville), Texas
/recently
an
creditors
the
Lewisville Ind. Sch. Dist. P. O.
4%
Fort
"by
claims
Texarkana
airport
lighting
system refunding bonds.Dated
Aug. 1, 1941. Due $3,000 in 1942
to 1946, and $4,000 in 1947 to 1951.
Bond
Sworn
that Garrett &
■f Bonds Authorized—We
exceeding
time fixed for the
election
i-V
voters.
Bonds
El Paso,
approved
F.; Clyde Jarrett states
■■*
/Bond Issuance Requested—It is
under¬
recent
a
were
"
1938.
at
$180,000 airport and flying school
toe $185,000 water revenue bonds
wated at an election in December
'
that
'*
reported that von
Bonds Sold—It is stated
—
; /
Bonds
sold
,
;
$50,000
Pullman, Wash.,
ment District
.
-
connec¬
Arthur
following bonds are called for
City Clerk
payment on June 1, and there will
states that $713.19 Local
Improve¬
waterworks
and
sanitary sewer
by W.
system refunding bonds ^of. the
H.
Maunsell, City Comptroller,
city, dated March 15; 1938: Any
Burton Consolidated Rural School that the Sinking Fund purchased
creditor of the petitioner affected
3%
semi-ann.
general
district (P. O. Gainesville), Texas $100,000
by the plan may file an answer
improvement bonds at par. Due
Bonds Sold—The
County Su¬
to the petition
controverting any
from March 1, 1943 to 1952.
perintendent of Schools reports
of the material
allegations there4
toat
$4,000 'construction; bonds Hunt County (P. O.
in and setting up
Greenville),
any objections
toave been purchased by the State •:>
he may have to the plan
■//•./,///...
Texas
any time
\ Board of Education as 3%s, at par.
not less than 10 days
Bonds Approvea
We
prior to the
*
the
Secretary
\
,
.
Cameron, Texas
to
.
fice, Austin.
;
of
.
.
v*".
Oct. 10,
(A-O) pay¬
on
able tatthe State Treasurer's of-
; proximately $20,000 available for
toe purchase of bonds.
sale
bonds
April 27, : a reAgent appointed
filed; with. the. .City pursuant to the resolution, author¬
the issuance of $8,- izing said bonds) or at the Chase
300,000; light revenue bonds, for National Bank, of New York, the
the constructipn: bf an addition to principal thereof and accrued in¬
are being advised that
y,0
,a" petition the Ross, Dam.}
\:; terest thereon to redemption date
has been; filed under the
^revi¬
together, with a premium of 4% /'/
sions
of
the Municipal 'Ban^-i? Skamania.' County Publig. Utility of/the
par/value thereof. / Said
ruptcy Act, in the-U. S.;. District
bonds* bear
interest*, at varying
.y.V
/W^jOSh.
Court for the Eastern District of
/.,'yf.li.
rates, which is payable on all said
Texas. A hearing on; the petition 4,:!Bohd^aI^; Dptails^rlh'-conhec^ bonds on June*.I and
Dec.:!;,
;
tion1
is scheduled-for 10 »a.in? on July
j with- the • sale /of •• $141,000 1 First Issue, Series A, to the
20, in Sherman, Texas. The plan 41/4 % semi-ann.-electric revenue amount of $196,000. Due in
vary¬
bonds to;{Richards &
of composition
Blum, and ing amounts on - June ; I, 1942 to iP
materially affects
the
holders
of
»
ail. outstanding Murphey, Favre & Co., both of 1954. : ; 4•<
;
semi-ann. refunding bonds sold to
of
Details—In
the
[
,
Wash.
in
.
-
refunding agreement, dated
./toy 11, 1940, the district will re¬
bands, dated Aug. 1, 1940, until
IWfcay 26, at 7.30 p.m. There, is ap-
J.
bonds mature
-
(P. 0.
I
in 1960,
in
E.
Lackey & Co., of
Nelson & Co., of Spokane—v.
155,
Antonio, at par—v. 155, p.
p. 1726—C. Li Booth, Superinten¬
1726—E. M. Tomme,
City Secre¬
dent of Schools/states that Atkin¬ Interest
tary, states that the bonds mature
payable J-D.
The remaining $342,000 bonds
April.:!, as follows; $1,000 from son-Jones' & ' Co., of. Portland,
1944 to 1952, $2,000 from 1953 to were .associated with the above will
be
taken
by the Federal
named
in
the purchase
1956 and $3,000 in
of the Public
Housing
1957i;yy.
Authority, : at
bonds,. paying
a
premium
of 31/4%. Due on June 1 in 1980 to
Stephens County (P. O. Brecken- $13.13, equal to 100.026, for
$18,- 1984 incl.
v
,ridge),' Texas. ■
>;s.t *» 000. as;l3/4s,-and' $32,000 A# 2s.
/'
Bond Call—Authority
Bond Sale Details—In
W.
to
Aug. 1, as fol¬ refunding bonds to Mr. J. Bradley
from 1942 to 1946, $200 White, of Dallasr—v.:155, -p. 1647^from 1947 to 1951, $500 from 1952 we :> are- now
advised
that the
to 1956, $900 in 1957,
$1,000 from bonds were refunded as 5s, and
1958 to 1967, and $1,500 from 1968 mature April 15, as follows':
$1,4
to 1975.
<
379.15 in 1943, and $2,000 in 1944
//- - V J;
to 1952.: Dated April 15, 1942.
y :
/Hondo Indep. Sch. Dist. (P. O.
V
Hondo), Texas
Talco, Texas - f j
\ ;
Bond Sale Details—It is now
Municipal Bankruptcy; petition
Filed—The creditors Qf ithis city
reported that - the $42,000 2% %
toe
ceive sealed tenders of refunding
Sale
gymnasium
lows: $100
-
accordance
Bond
•
sanitary;; and
storm
tion with
improvement and extension
bonds
n.,,....
the
IV
Pasco),
$20,000 4%
%
jjfcated by Mrs. E C,
*
of
in 1958,
$260,000
1962,
1964,
June 1,
$55,000 in 1965, $56,000 in 1966,
$58,000 in 1967, $59,000 in 1968,
$60,000 in 1969, $62,000 in 1970,
$63,000 in 1971, $64,000 in 1972,
$66,000 in 1973, $67,000 in 1974,
$69,000 in 1975, as 2.20s, and $291,000 maturing June
1, $70,000 in
1976, $72,000 in 1977, $74,000 in
1978, and $75,000 in 1979, as 2V4S.
San
Corp. of
Antonio, r as noted here last
Myres, SecreNovember, are dated Oct. 10,
tory of the Board of Trustees, that
,
sale
-
barest.
The city has $30,000 of
saarplus funds in the interest and
stoking fund of said issue, eligible
_
the
1951.
Pasco Sch. Dist. No.
connec¬
Brown, of Dallas, were hand*
ling the exchange, at par, of $26,connec¬
900
3 y4 % j semi-ann. % refunding tion with the sale of the
$19,^
bonds, we now understand that 379.15: semi-ann. road arid bridge
<©jf
sidered unless at
Details—In
1943 to
;l;
./
semi-ann.
In
—
00
;-v:
Sale
with
sewer
County Com. Sch. Dist.
Marshall), Texas f'\
Details
—
Raymondville, Texas
Monday, May 11, 1942
maturing June 1,- $48,000
$49,000 in 1959, as 2.20s,
maturing June 1, $50,000
$51,000 in 1961, $52,000
$53,000 in 1963, $54,000
as
2s, $679,000 maturing
follows:
as
Bond
tion
&
(Uiiatil
5 p.m.
(CWT), on May 21,
refunding bonds, series 1941,
bearing interest at the rate of 3%,
[ Sffo offer of bonds will be con¬
National
connection with the report in our
issue of Jan. 3, that Miller, Moore
Secretary Ivy Miller states that
sealed tenders will be received
,
•
No. 6 (P. O.
Exchange
WASHINGTON I > i' «;■
h>
Granite Falls, Wash.
Bonds Sold
We understand
election
■
and $5,000 in 1949.
Bond
—
Planters
/
We under¬
—
recent
a
aggregating
■;
understand that the bonds
now
Harrison
Brownsville, Texas
Invited
connec¬
July 1, as follows: $7,000
1942, $8,000 from 1943 to 1948,
in
Dewar,
Tenders
&
at
j
/
;
$50,000
and
that H. P. Pratt &
Co., of Seattle,
$35,000 water
have purchased $4,500 water rev¬
and
$15,000; sewer bonds, were
enue bonds. Due
$500 from Oct. 1,
approved. * /
; •'j • /,■ -'v;;v /,1
mature
Robertson &
SRancoast of San Antonio,
;
'1 S
Sealed
bonds
Bank, of Sherman, at par, report
of which appeared here last July,
;
,
Details—In
Approved
that
divided
V
tion with the sale of $60,000 V/2%
semi-ann.
airport bonds to the
last
'
'■
CHRONICLE
Quitman, Texas
Bonds
stand
Grayson County (P. O. Sherman),
,
totaled
Texas
-
tion bonds approved by the voters
last July. Due in 10 years.
total
monthly
decline, with a $370,498 drop over
collections of April, 1941. Gas tax
.
THE COMMERCIAL & FINANCIAL
;
Co. : of
McDonald-Coolidge &
Cleveland,
and
Young.
Charleston, pay¬
Bond
In
Sale
Not
connection
Contemplated—
with
24,
the report in
16, 1941, that
$115,000 highway bonds were ex¬
pected to be issued on or about
not
Clerk, that the bonds will not be
issued, due to present conditions.
V,
Garland, Texas
.
.
>
-
Bonds Approved — We
under¬
stand that at the election on Aoril
Bonds
Sold—The
of Education
State
Clifton Forge,
Board
is said to have pur¬
Bond Sale—The
semi-
ann.'
Va.
:
Moore & Co.
following 2 lk %
bonds,
aggregating
.
-
ing
par,
of
giving
a
net interest cost
of
about 2.175%,
chased
on
the block
recently
$40,000
3%%
$100,000 not exceeding 3%%
$87,500, offered for sale on April divided as
semi-ann. construction bonds.
follows:/$107,000 ma¬
28—v. 155, p. 1647—were award¬
■electric, water and sanitary sewer
turing June 1, $35,000 in 1943,
It was stated
■system bonds carried by a vote
subsequently by ed to the Second National Bank $36,000 in
1944 and 1945, as 2V4s,
the
51 "for" to 4
County
Superintendent
of of Culpeper, at a price of
"against." Due in
101.31, $502,000 maturing June 1, $37,000
more
than 20 years.
Schools that the bonds
at
par,
and
were
mature
sold
April 1, as
$2,000 in
1943,
$2,500
from
1944 to
1949, $3,000 from
Bonds - Sold—The State Board 1950 to
1953, $3,500 in 1954 and
Education purchased
recentlly 1955.
Grapeland Cons. Indevs Sch. Dist.
(P. O. Grapeland), Texas
follows:
.
.
.
.
.
..
a
basis
$70,000
of
about
water
bonds.
2.31%:
works
Due
on
in
•
refunding
June 1 in 1943
to 1956 incl.
.17,500
armory
June 1 in
bonds.
1945 to
Due
on
1956 incl.
1946, $38,000 in 1947,. $39000
1948, $40,000 in 1949 and 1950,
$41,000 in 1951, $42,000 in 1952;
$43,000 in 1953, $44000 in 1954,
in
$45,000
in
$47,000
in
1955, $46000 in 1956
1957, as 2.10s, $97,000
our
issue
of
Dec.
May 1, this year, it is now stated
by M. L. Clark, Deputy County
i
,
Kenosha, Wis.
Bond Offering—Sealed bids will
be received until 2 p.m.
(CWT),
May .18, by B. A. Herrmann,
City Clerk, for the .purchase of
on
n
THE vCOMMERCIAt & FINANCIAL CHRONICLE
iVoltime^l 5 5 ./^Nuthber!s4071
$56,000.^refundiiig bonds; Interest
4%, payable
-J-D. Denom. $1,000. Dated June 1,
<1941 Due on June; 1, 1953. Rate
<of- interest to be in a multiple of
% of 1 % and must be the same
/for all of thei bonds/Principal and
/interest payable at the City Treas-
of«
ing highway' revenUes iduHng.the
war as has been <ith^.pradtice dur¬
ceipts from the State gasoline ;'tak
motor vehicle
license fees
»rate is not to exceed
'
ceed
urer's; office. / Issued to retire a and
cal
terest cost tp the city.
The ap¬
proving opinion of Chapman &
/ Cutler of Chicago, will be fur¬
bished together with the executed
bonds by the city and all bids
i
,
i
V
beginning Ju}y
year
the
for
to
-M':
,
T1
the
'
Of
.
or
purposes."..?-?,?4 /; j •:..;';
//
-/'■// > /.:/•;
1,1943,
J
..
v-/
i
.; r..
?../;'>
"i
-■<•
was
for
of
sale
...
.
1566
100.303, as noted here on Jan. 6,
'are dated Oct. 1, 1941, in the denominations of $1,000 and $500,
First National Bank of
'and
to the District
Iis, at.
t
r
;
-
l
Sherbrooke, Que.
Oct.
mature
1, as follows:
*$500 in 1944 to 1949, $1,000 in 1950
to ? 1953, $1,500 in 1954 to 1957,
$2,000 in 1958 to 1962, and $2,500
in
1963
after Oct.
Callable
1966.
to
on
able at
Bond
ann.
or
on
1, 1951, at 104 and ac-
-
being
of
/purpose
paying
construction
complete
of
the
a
and
works
water
•
and
will
secured
be
by
recently presented to
1942
1943
-
Beaubien
&
-
, >
Co.
and
due
-
.
&
/
^
••'■>/
and
.Kite
•
101.17
Co.
and
Securities
Burns
Bros.'
> i -^
101.17
&s
Royal Bank
OV Canada, of Montreal, and Nesbitt, Thomson & Co
;.
Harrison & Co.
•.
Bank
the
•
Corp.,
100.76
100.41
Montreal, A. B. Ames & Co.and McTaggart, Hannaford, Birks &
.
/
Gdirdndr
Mead
House
&
100.17
v
100.10
&"Co.........
Co.,
99.8I
Cochran,
and Dyment,
Murray
&
& Co...'.
Anderson
Co.
of
about
1.539%.
Re-offered
to
yield from 0.40%
to 1.60%.
maturity.
..
loans
were
negotiated to the extent of $112,860,736 in
Cost of such credit has advanced rather sharply
general purposes" was introduced in the House of Commons
April 21.
Special authority is needed for redemption
of maturing bonds, it is pointed out. .//
No XJnited States Possession financing'was effected during April.
Municipal Bond Sales In April
the village or hereafter con¬
structed, as well as by the earn¬
ings therefrom. The village cove¬
nants by ordinance to charge such
to
.
at Ottawa on
first
/ by
.
and for
-
^98.02
mortgage on the
entire water works system owned
statutory
.
ing the Government to borrow up to $750,000,000 "for paying or
redeeming the; whole or afty portion of loans or obligations of
Canada and also for purchasing unmatured securities of Canada
100.32
Bell, .Gouinlock & Co...:
M?Leod,
Ypung, Weir
&
Co.
and
Mills.- Spence & Co......;..,.......
.;
,
-
of
Gordoli
of)
.
•
Bid
Green-
Denton
;1
on
rinct
to 1962
Shields & Co.
Dominion
Refunding Authority
Following is text of ai resolution
a
O..
Falreleugh
Seeks
-
1,
from
1
A comparison is giveft in the table below of all the various
Long-term financing by States and municipalities during April securities placed in April in the last five years: //.
//■' /;;//y
the sale of issues aggregating $56,247,085. /'The total for
1938 '
1941
1940
April—:'
\ -■
1942
//< 1941 /
1940
// 1939
the preceding month was $48,749,344.
$
r'"'$-•••;
vc,o., ■:
$
Activity in the recent month
50,053,658
Permanent loads (ft. S.j__i
56f,247,085 100,974,538
75,745,615
75,058,037
was largely dominated by
revenue financing, the two largest awards
42,052,400
'Temporary loans (U. S.)_i 112,860,736 -91,010,499 101,884,850 105,739,170
made having been of that category. / These offerings, the Cleveland
None
Bonds ft. S. Possessions™—
None
850,000
- • None
540,000
transportation issue and the Indianapolis gas loan, met with sub¬ Canadian loans Ipermanent):
'
J
•
■■
Placed fn Canada
4,605.546
i__ol,007,706,200 323,422
21,632,500
20,071,426
stantial success, as did /Virtually all /of the other loans marketed
None
Placed in U. S.™
None
None
t~- None
None
x_
during the month. Although the market has regained much of the
ground lost following Secretary'Morgenthau's Cleveland speech of / Total -J.™-™-1
i__/l,175,814,(321 193,158,459 199,262,965 201,318,633 96,711,604
Jan. 24, it is still bedeViled
by the threat of the removal of the tax- l]1 a Includes $997,503,300 Victory Loan sales. ■'■Includes temporary securities lssufed
exempt feature on local securities.
This condition, of course, is not by New York City: Nohe in April,'19421 none In April, 1941; none in April, 1940;
$30,000,000 in April, 1939, and $14,500,000 in April, 1938/ ^
?>•
likely to be entirely dissipated until the present uncertainty is defi¬
!
The number of municipalities emitting permanent bonds and
nitely removed.1 While President Roosevelt, as was to be expected,
in his anti-inflation program' as outlined to Congress on April 27, the" /number of separate issues made during
April, 1942r were
again
attacked
the
principle oftax-immunity, he? obviously 153 and 187, Tespectively. This contrasts with 211 and 244 for
•
involved
•
service
water
as
produce sufficient revenue to pay
operating expenses, principal and
on these bonds and ade¬
quate / depreciation.
Total ; esti¬
mated Cost ;of the- system upon
completion will be approximately
$36,000. Legality to be approved
by Lines, Spooner & Quarles of
Milwaukee. ;
/interest
.
4
'
/
19411/II"
traiMpioirtalilori system/rev^uc
^a¥atdedl id
a
$56,247,085 $205,673,661
-
by Blyth & Co.» Inc., New York, at a price of iOO.011, 1939
basis of about; 3.749%;
Due serially from 1943 to 1962, inclusive, and 1938subject to prior redemption. / The syndicate re-offered the bonds at prices
1937-——
to yield from 1% to 3.50%, according to maturity.
-w'. - v-: 1936
6,000,000 Indianapolis, Ind., 3 Vb%; gas utility revenue bonds sold to an account
••■•
409,138,396
1934
75,745,615
75,058,037
50,053,658
83,973,804
84,558,867
415,998,952
1933
'
'
A
'
L
(State of)
headed by
Highway Revenues May Drop
Needs—"The State gen-
:•
"
f
;
Beneath
;eral fund cannot
rely
on
'
of
about
borrow¬
.K?:./;.
offered from
'
■
a basis
1943 to 1972, inclusive, with the
subject to prior redemption.
Reyield of 0.75% to a price of 102, according to maturity. .
a
'
Due
serially from
maturities being
to omit in
in the past
Redemption Calls and
•'
and Issue—
Consolidated
Continental
'series
Notices
Oil
Roll
&
Steel
Foundry
Co.
1st
Jun
Co.
$7
Vers, and the page number gives the location in which
(the details were given in the "Chronicle."
11377
1st
,
Iowa
I960—May 21
1970_——-———May 21
Arnold Print Works 1st- mtge. bonds——i———Oct
1
3% %
debentures
due
'•3%%
debentures
due
Atchison
Topeka
&
•Division 1st mtgte.
Santa Fe Ry. Rocky Mountain "
bonds, series A, due 1965—/—'—July
1
1
3sr dated 1937—L—i-May
debs, due 1942-1946_May
Cincinnati Gas &.Blec. Co. 1st mtge. 3%s, due 1987^-Jun
Citizens Independent TeL. Co, lst mtge. A'/^s- due, 196liJuly
Cleveland; Cincinnati, Chicago & , St. Louis- Ry. St,
Louis Di^ion 1st collat. trust mtge. bonds; dated
:
'18901 -J
i
L—i—May
Connecticut Ry, & Lighting Co. 1st & ref. I'/is, due
?.i95l*.
—~July
Consolidation Coal Co. 5% bonds due 1960————-May
11
29
< 1
1
> -
Bernhardt Realty' Co. 2nd mtge.
Central Power'& Light Co. series
-
-
-
'
subsequent issue.
>
Smith ■& Wesson,
Inc.
Co. 1st 4s, series-A, due 1961Bridge & Terminal Co. 1st mtge. 5% bonds
l../ -que 4948 __i—I—
—__Jun
2
Long Island Lighting Co. 6% stecured bonds due 1945-July 1
C
Long Islaiid Lightihg Co. 5Vi%- debentures, due 1952
Get' 1
■
;
a
RR. unified
mtge. 4s, due
-
Date
.
•
I960-July
56
———Jun 30
1
1606
1
Unified Debenture Corp. debentures.—
Jun <1
i. United Biscuit Co. of Am. 3 V2% debentures due 1955—Jun
1
r
^Announcements in this issue,
fin Vol. 154,
? •,
1
■.--X--r --f'V/--
-.
-
•
;
Dividends are grouped in two separate
which
-
1313
c
•••-
we
show the dividends previously announced, but
which have not yet been paid,
qfcI of past
1603
Further details and rec-
tfie
dividend payments in many cases are given
in
"General Corporation
in the week when
>
under
;
•
and Investment News Department"
declared.
' ? " //:
3
1604
'
"
company name
our
'. /
.
/'
:■
.
,/./,■(,;,■/x/ /,.:/?/:; • - /..- ...'..V
•/; /- /' ■/ /?
Name of Company
—
i
Public ^Service Co. of Colorado5 4%
San Jose
{
Water Works
savanAah: Electric. &
series
'
1710
15
tAerco
1
3'As, due 19611——Jun
1
5% bonds,
—May 19
(Varsity Theatre)1 6l/s%' * v *
\
-
*
1317
Co: 1st & ref,
F, due 1955_x
Sherhian'-'Avenue Bldg.
"bondfe" dated '1930
debentures -due 1949 Jun
1st mtge.
Power
—-—L.——i
1
1756
■:'J. Sherwin-Williams Co. preferred stock, series AAA-ii—Jun
1
1685
^
-
Southeastern Gas & Water Co. 1st lien 6s, due
1941—May
7
Brass
Manufacturing—„—12Vie
$6 pref, (quar.)—_
$1M»
Albany & Vermont RR Co—^——
'Allied Products-Corp. (quar.)
—
————Jim
'•: '•
<1675
Akron
*
Per ■
share
-
•
-
Corporation,'(quarj—^-^—6V*c
.'Al&baraft Water :8ervice
i
f
/
The'dividends announced this week are:
/
1756
.
1751
•
;
-
table$.
*
•
'
1751
1758
1222
1686
In the
.first we bring .together all the dividends announced the
J current week. Then we follow with a second table in
::
—
1318
DIVIDENDS
( :;>?;■ ■■■"„• (
<
f
—
Page
1
1948—July
.
3
1679
—
Nashville
"
1st mortgage 5V2S, due
:/ ? ? *■
Electric
-
l
12
a
3
•
Augustinidn Society of III. 1st mtge. bonds dated I929_Jun
obliged
we are
1311
'
American Gas & Electric Co, 2 Y* debentures due 1950— May 21
will be given in
Kanawha
Louisville
%
columns
our
-
\
Ai
May McEwen Kaiser Co. $4- preference stock——Jun'? 1
Metropolitan Playhouses, Inc. 5% debentures due 1945-May 26
C Minnesota? Transfer
-497
Ry.-1st mtge. 33As, due 1950—Q.Jun ?1«
t
1748
Montana Coal
Iron Co. 1st mtge. 5s—
May 22
:
1748
New Ettgland PoWer Co.- 1st mtge, 3V4S, due 1961
-May 15
1670
New York? Railways Corp. prior lien bonds, series A,
'<
:■
1670 ?* Mue •1958'
J—l—j,—July 1
1670
Pacific Coast Cement Co. 1st 6s, series A, dated 1927^JUn
1
;
Paris-Orleans RR. 6% bonds, foreign series, due 1950_Jan
1
r
Pfennsgrovfe Water Bupply Co. 1st mtge. 5s, due 1945— Sep
1
1749
Phelps Dodge Corp. conv, 3!/sr% debentures due 1932—Jun 15
{•'
1749
PittsbtfrgW, Youngstown- & Ashtabula Ry? 1st. gen.'
I:
'•
1750
-imtge". -bonds."
ix_l——May29
' Portland General Electric Co. lstmtge. 5s, due 1950—Jun
1
'•
condition of
Square D Co. referred stock
bonds, due 1954—Jun
1
"•",
First mtge. lien '& refunding 5% bonds, due 1951—Jun
1
Allied Owhers Corp. 1st lien bonds due 1958
—May 29
Allied Stores Corp: 4V2% debenture bonds due 1950—_July 1
Jun
.
152,194*970
1307
: 2
Page
.
I930_x
400,695,931
Strong (Mark D) Bldg. Corp. 1st mtge. bonds, due 1943 Jun
Toledo Edison Co. 3l/*%/ debentures due I960——-Jun
1307
1956—
'Date
Agar PaeRing & Provision Co. 1st mtge. income bonds,
/
1,' 1945-^——
393,535,910
555,578,394
469,024,905
—
I
1753
due
—
Dec.
352,340,849
105,974,805
Company and Issue—
•
AlabarAa- Power Cd.—
69,637,025
1931
<
Jun
debentures
Below will be found a list of corporate bonds, notes,
Indianapolis, Columbus & Southern Traction Co.
preferred stocks called for redemption, including
mtge. bonds, due 1948—
called under sinking fund provisions.
Inland Steel Co. 1st mtge. 3s, ser. E, due 1952
The date
indicates the redemption or last date for making tend- ,/<• Iiiternatiohal PUp'er Co.- 1st £i ref, 5s——
r
■
those
.
19321.——-
1752
1
preferred stock_™^_-___.
Co. 4%
and
-
month.; It
6s,
mtge.
A/due
Briver-Hatris
.
352,006,264
;
debentures due 1951—Jun
Federal Light & Traction Co. 6%
■
78,235,058
10,899,995
this; issue the detailed account of the various issues sold
Date
2Vx%
Corp.
Morse-&
/
456,999,709
324,655,336
156,078,031
106,389,422
f«
.-•
Company
'j. Company and Issue—^
—
—_
-
/
due
—
-
—
271,393,367
Because of the crowded
Srpith, Barney, & Co., New York, at a price of 100.8599,
3,058%.
and- subsequent
1968
-
1935-
100,974,538
—
1940——-——i—?
,
Wisconsin
'■
:
-
•
1Q49
Due on May 1 in 1944 to
1966; redeemable on and after 417,500,000 Cleveland* C^io/
."
-•
syndicate headed
May 1,1952, under certain condi-
'tipns..
r
•
,
i
/
.
.
3.78%.
v
„
Price Paid—The Village Clerk
However, as already March, 1942.
;
y ;;
states;/ that! the
$40,000 f 3Vz% approached the subject with some restraint.
;
semi-ann. electric revenue mort¬ stated, the subject muist'necessarily be considered as still a very
;
For comparative purposes we add the following table, showing
"live" issue, although there is reason to believe that the Treasury
the aggregate of long-term domestic issues for April and for the
gage bonds sold to Harley, Hay¬
don
& / Co. of Madison—v.
155, has been less than successful in its attempt to justify the suggested four months for a series of years:
/ /;
For the;
Month of
Month of
: For the
p.
1727^-were r purchased at ? a changes, from either an economic or legal position.
4 Months
April
April >
4 Months.
Offerings in April included' the following issues of $1,000,000
price of 97.00, a basis of about
•
;
...
-
Viola, Wis.
5
.
s.
will
v
'■
.
for
•rates
bonds
/ Z--A: ■?/:,v' -./;/- ; i
;
Canadian municipal financing for April, in the amount of $1?007,706,200, ;takes into consideration the reported total subscriptions of
$997,503,300 to1 the Dominion Government's second Victory Loan.
The original goal/ of $600,000,000 was quickly achieved and tHe
amount sought was then increased to $900,000,000.
The month of
April witnessed the sale of $10,000,000 Province of Ontario guaran¬
teed Hydro-electric Power Commission bonds to a syndicate headdd
by the Bank of Montreal, of Montreal.
Aside from this operation
there was relatively no activity in the new issue field.
/
In connection with the subj*ect of Canadian municipal borrow¬
ings, the quarterly review of the Dominion Securities Corporation
points Out that expanding revenues and a trend toward declining
debts have characterized the financial economy of the various Prov¬
inces since outbreak of the war.
It also contains a study of the
effect of the agreement under which the Provinces withdrew from
the income and corporation tax fields in favor of the Dominidn
Government's guaranteed revenue proposal.
A resolution authoriz¬
basis of about 3.35%.
a
Feb.
(1943-1962)
during the past several months.'
Wood, Gundy &
."/■
1945 to
;
and
Other bids:
L.
SECTION
Canada (Dominion
•including well, reservoir and dis¬
tribution
system,
pursuant
to
; Chapter 66 of the Wisconsin Stat¬
utes
;
-
CANADIAN
system,
in
June 30
on
10-1.28,
semi- Feb.
Sheridan,: according
Dated! May f,
1950 incl.
new
part
of
cost
Due
Co.
Dated
offered for sale
bonds
of
the
for
$5,500
of
[I
\
to the Town Clerk.
1942.
issued
'
April 30—v. ; 155, p. .1647—
purchased by Mr.' W/ H.
Edelman
Village Treasurer's office,
are
Sale—The
sewer
V
Superintendent
cost
the recent month.
Nationale, Savard, Hodg¬
&
according to
2.407*.
1.60%
/•'■■■ >. about 1.40%. 'Due serially from 1943 to 1972, inclusive, and re-offered
to yield front 0.30% to 1.50-%,
according to maturity.
1
*,600,000 Shenandoah Municipal Authority, Pa., , 4% bonds sold to E. H. Rollins &
i
Sons, Inc.,-and C. C. Collings & Co,, both of Philadelphia,
A block of
?
$l,'-250i000,-maturing 1942-1981, were re-offered at prices to yield from
:
1.25% to 4.05%, according to maturity.
The remaining $250,000 were
deposited with the escrow agent.
•
■
/
1,000,000 Nueces County, Texas,- 314% bonds sold to Moroney, Belssner & Co. of
Houston.
Due serially from 1955 to 1962, Inclusive.
.1,000,000 West Virginia • (State of) 4% (1943-1945) and 1% % (1945-1067) bonds
:■/., awarded to a group headed by Shields & Co., New York, at 100.03, a net
short-term
C&4 -all /of / Mohtreal, ht / a /price
were
at the Potosi State Bank. These
bonds
price of 101.00,; according
Ranchester, Wyo",
? crued interest.. Prin. and int. pay¬
or
a
/'/-■
" t
group composed of Banque Cana-
son
to
•
;/'/ Extensive financing by various local housing authorities was
responsible in large measure for the fact that temporary municipal
Bond Sale—The issue of $250,000" 3 V2 % improvement bonds of¬
fered May 4 was awarded to a
dienne
■
.
—
4%
r
Thermopor-
0,60%
j./
'and
.
interest
April -30—rV.j 155, tp.
were
purchased^ by : the
\
,
according
on
from
r.
.
;
An issue of $l,r
improvement bonds
sold privately in March. Due
500,000
,
-(1943-1952)
v
W. <
Winnipeg, Man.
■:
price
i»
.•
I%%
.
.
MANITOBA
v-
:
(Bonds Sold
■
Fremont County Sch. Disf. No* 32
now
(P.' O. Pavillion), Wyo.
.reported
that J the
$33,000
4%
,semi-ann. water works revenue V Bonds Sold—The $4;00b 3^fP
< bonds sold to Harley, Haydon
& semi-ann. school bonds i offered
a
^
Ii4inn.-,
■•-;
/WYOMING\•/;'/?;. I .#/
V? / /■/. Potosi, Wis.
Bond Sale Details—It. is
at
Re-offered to yield
^
interest rate and maturity date.
2,300,000 Chicago, lit, 1V4 % bon^s sold to the Chase National Bank of New York
oatlI00.63, ft basis of about 1.08%. Due $700,000 each in 1945 and 1946.
< ■.'•;
*
and $900,000 in 1947.
.
{.2,000,000 Massachusetts ^ (State of)
l'/2 %
bonds sold to a syndicate headed by
Hdlsejr, Stuart'& Oo.,; Inc., New York, at a price of 101.243, a basis of
.
;
-t"
present
.•
Madison,
2:34%.
re¬
or
•
of
about
maturity.
i
;
,
of
Sum
paying
.
and
Due serially from 1943
re-°frered to yield from 0.50% to 1.75%, according
VC'
maturity
2,989,500 Minneapolis,
and for public works and general
.
tCo.
a basis of about 1.69%.
j
any por¬
obligations of
Canada and also for purchasing
unmatured securities of Canada
/of /loans
amount of cash
mum
whole
$750,000,000
actually fall belov? the mini¬
may
in
tion
<
:
bonds purchased by Lehman Bros./ New York,
3,550,000 Norfolk, Va.< 2.40% *1943-1967> and 2*/«% (1053-1967> bonds sold to a
group managed by Lehman Bros., New York, at 100.10, a net interest cost
V
deeming the whole or
required by
State laws for mainte¬
nance, snow removal, State aids,
shall be so conditioned.
Enclose bond redemption and administra¬
1*7'
•: /?:/ ]
ai certified check for $1,000, pay- tion/'
* able to the City Treasurer,
-
V*A%
associates at^OO.aag.
//
v
"Based
on
revenue
estimates
interest.
The basis of determiby
highway
economists,
nation of the best bid will be the made
State highway receipts in Ihe fis¬
lowest interest rate bid and/or in-
;
'
c -
ing thedast decade,'' the Wiscon¬
>; "That -the Governor-in-Council
sin Taxpayers Alliance'stated; re¬
be. authorized to raise by way of
lqah under the provisions of the
cently, pointing put: / j /;/ /
/ "Tire
shohages .and//rationing Consolidated Revenue and Audit
Will bring about reductions iriv re¬
Act 1931, an amount not to ex¬
_
.
3,776,000 Boston,, kass.,
Commons, at Ottawa," br'Fi¬
Minister llsley:v
nance
vlike par principal amount of out¬ and may possibly force the State
standing bonded indebtedness of to make good on softie of the $39jJ the city. The bonds will be sold 600,000 owed the: Highway Com¬
:^
at not less than par and accrued mission oh July 1,1941.
.
1801
Special
x—
—————
Class A (quar.)
—
Allied Stores Corp. common-——
•
-i
5%^preferred
(quar.)——
—j—
When Holders
Paycbte of Rec.
5-30
5-12
5-12
5--6
6-1
5-20
Sl Vi
5-15
5- -1
25c
7-1
6-10
25c
43%c
7- 1
6-10
7- 1
7-20
7- 1
6-10
7-1
6-17
15c
$1V4
•
,1802
,.THE COMMERCIAL & FINANCIAL CHRONICLE
,
.
^
■
Monday; May 11,;1942
,
'
•
'
When
share
-
Payable
Holders
Industries
American
Chicle
Co.
(quar.)
15c
_______
*
(quar.)
•wj
of Rec.
Insulator-'Corp. -of
Convertible
prior
Dela.—
preferred
preferred
com.
preference
American
111., com.
(quar.)j.—
i;
Koehring
50c
i
5-29
1
: Kress
Co.
Atlas
(quar.) _____;
&
50c
75c
6-10
5-29
50c
6-
1
1
6-15
6- 1
l/32nd
(quar.)__
•
'
(quar.)
share
of
stock
5-15
$1 Vi6- 1
-
Woven
Casket
Boyertown
Burial
Bristol-Myers Co.
6-
1
1
5-
5-25
Die
Machine
&
Bullock's," Inc.
7%
interest
Canada
$1.75
A
due
(quar.)_—_
Canadian
6- 1
6-15
5-20
7-1
6-20
5-25
5-15'
50c
6- 1
5-12
-
•
•
Common
:■
6-
i.,
8%
6%
Oil
Co.
6-15
$85c
7-15
5- 1
(quar.)
6-1
6-15
\
4-15
Carman
&
Class
Co.,
Inc.,
Central
preferred
$6
Service
•—
Coca-Cola
Coca-Cola
Class
Collins
5%
&
6-12
7-
5- 5
6-13
5-15
~
'5-28
6-15
6-15
5-28
5c
6-
1
7-
1
6-12
$1V2
/
7-
1
6-12
7-
1
6-12
7-
1
6-12
$5%
common—
——.—:
$3
■
?■'
'7-
(quar.)
$1(4
•
5-19
1
6-
Colonial
..
Ice Co., common (irregular).
$1V2
5-26
$6 preferred B (quar.)—.—
;—— %*:? $l'/2 XX 71 X
5-20
$7
>
6-20
preferred
(quar.)
Community Public Service
Confederation
Co
7-
6-15
5-22
$$3 -X". 6-15
5-26
50c
;
Creameries
j
$3.50
of
America,
convertible
Inc.—
Crown
-5-30
>
&
7%
Forster
6-15
5-29
6-15
-
i-
preferred
(quar.)___—
Curtiss-Wright Corp., class A--—.
Cushman's Sons, Inc.,'7% preferred
Dentist's Supply (N. Y.)
(quar.)
Detrola
Devoe &
5%
B
•
—
El Paso Natural Gas,
7%
preferred
preferred
A
dividend
.Sugar
L_
;
State
Pawners
(M.
17'Ac
Motors
$5 preferred
Corp.,
Art
Gossard
(H.
50c
5-25
t$3
>
.
5-15
6-10
5-25 A
1
5-20 i
6-
1
5-20
5-15
-
5-15
1
5-15
6-
1
5-15
6-10
5-22
6%
Gas
Hanna
(M.
A.)
2c
6-15
5-31
6-30
6-20
15c
6-
1
25c
4-30
4-29
13%c
-'16-15
6-
1
12V2c
:*>:5-15
5-
5
;
•:
50c
7
6'Ac
(irregular)
(quar.)
Illinois
4%
guaranteed
(monthly)
debenture
debenture
$3.50 prior preferred
5-15
1
6-
debenture
1
5-15
6-
25c
5-26
50c
1
6- 1
1
6-
: $1%
$6
4-30
6-15
6-
$l'/2
6-
5-
Saw
Gold
Mines, Ltd,
Packing
j.
$2
5-20
6%
1
::;.f 5.-19
6-
1
r
5-18
5-19 7
1
7%
preferred
•4.
30c
X 7" 5-25:4-7
"
5%*
5-
7%
r,
6%
Steel
B
Oil
$1.60
(quar.)___—
Mfg.. Co.
Insur.
(Detroit),
—_
(N. Y.)
5%
Standard
Extra
.
5-15
5-
6-
5
1
5-15
5-1
5-15
1
7-15
7-
1
6-20
6-
1
5-16
5-25
5-20
5-15
5-
5-157
5-5
5
7- 1
6-11
50c
.
25c
6-30
6>. ..*.
'
6-
1
1
6-15
7
87'Ac >| 5- 1,
(s-a)
7
'
class
Biscuit
5%
preferred
6%
of
Co.
Molasses
dep.
Co.—
Bank
of
.
5-20
Banque
5-20
6-15
5-15
Barber-Ellis
6-15
5-15
Barnsdall
6-15
5-15
of
Wall
Canada
rects.
Power
&
Paper
Co.,
5-
Mines,
Utica Knitting Co
A
20c
6-
5-15
1.
■'.'H
5-20
6-10
$7
6-30
6-10
Best &
5-22
25c
■7
7
5-12
6-15
6-
1
preferred
7%
6-15
\ 6- 1
Black
5
5-20
6-
4-30
-V
4-30
Bloch
1
5-15
6%
25c
6-
1
5-19
Bohn
6-
1
5-19
Borden
6-20
5-14
Boston
5-14
Bourjois,
5-11
2»/2%
12 '/2c
6-20
37'/2C
M
5-29
(quar.)
6-
$l'/2
.....
5-15
1
5-22
5-30
$27/20
5-16
61
.
i
1
i
5-21
/
1
5-15
5-21
5-25
v
6-
5-15
1
'
7-
1'
6-
1
6-1
;
;
X.6-30
6-30
(quar.)
Aluminum
&
Inc.
—_
&
5-15
-6-15
4 5-31
'
6-
8
,6-
(quar.); ;:
1 "■
5-15
6-
1
5-15
1*
6-15
6-
6
,
.
6- 0
5-15
'"*6-1
$1
4 5-15
;
7; 5-15
y
50c
:
$iy4
1
6t30
5-23
.,6-
l
5-23
6-
1
5-23
5-15
,
4-25
40c
',6-
$l'/2
'77 $1%
-5-
,75- 8
,7:6-304
V'76-, 1
,4$l3/4
common
1
5-11
l
^
6-
5
(Bridgeport,
;40c
*
5-15
.4-30
.
4
,7
75c.
;
30c
-45-14
5-rlO
$l»/a
.
Brass
' 6-30
6-25
;4 50c
5-15
7-
30c
5-
1
1
6-15
(quar.)
Vancouver, Ltd
——
7.
5-15
5-
5-20
4-30
5-20
4-30
,
15c
5-15
$i3/4
_
_
.
5.29
76-
$iy4
_
—_
4-30
,
tlOc
—
Brooke (E. G.) Iron Co. (irregular)
Brooklyn Edison Co. (quar.)
Brooklyn Telegraph & Messenger (quar.)—
Bruck Silk Mills, Ltd.
(interim)—
5-15
5-20
683/4c 7
t50c
-
6-1
16c
preferred
of
5-14
7-
20c
(quar.)
Distillers
5-15
776-1
37'/2C '
;
(interim)—______
Inc. $2.75
4-30
;
25c
—_—
Company
Fund,
6-15
8
1
f80c
—
Co.
f €-15
f25c
-_
(Brooklyn)
Trust
5-15
4-30
6-* 1;'
6-
J25c
(resumed).—
(quar.)—
&
5-15
-
Ltd.,—
.
Bank
5-15
6-15
r
r'
5-20
t$2
$12'/2c
(Philadelphia), $3 pref. (quar.)__
Bros. Tobacco,
common
(quar.)
preferred (quar.)——
Extra-
5-14
6-
'60c
;;
Blauner's
5-15
6-
30c
1
$1
(quar.)
preferred
Rock
40c
$l'/2
4-24
;
6-15
8-
Savings
Company
Conn.)
5-1L
10c >
■■;'■
(quar.)
Bank
Bethlehem Steel Corp.,
50c
$l3/4
50c
Nat'l
4-30
15c
Berkshire Fine Spinning, com.
(increased)__
$5 convertible preferred (quar.)—
5-29
6-30
;
8
75c
■
Bensonhurst
Breweries
(interim)
$2'/2
7 «/zo
(quar.)
Belding Heminway Co.
Aviation
Corp
5c
(bonus)__—
common
(W. D.) & Sons, class A
'
Ltd.
J.'; 6- 1
Extra
40c
preferred (quar.)
Paper Factories, Inc.—
preferred
5
$1
Bendix
7)
(final)
8
6-
15c
4-22
common
for ord. reg.
5-
(quar.)
4-30
$l'/4
reg.
5-
1
Co
'! i 6- 1
—
Amer.,
(quar.)
Co., ord.
1
(Montreal)—
*15/*
(s-a)
5-15
6-22
i$2'/2
,.20C
convertible
Canada
of
4
6-1
•
6-
4771$2 4*-1
5-18
7/
6-15
"v-g- 14-
$1
&
Beaunit Mills, Inc., common
$1.50 preferred (quar.)—;___
9
4'
5-
'"H'g.
"(quar.)
5-29
-
5-30
5-30
1
$l'/2
(quar.)ll
Beath
7'
6-
*
Oil
Bathurst
Class
4-17
6-16
4-6-16
37'/2c
Quarterly
4
>
t$l3/4
(quar.)
Trust
5-18
;
"
(s-a)_
—
5-29
50c
47 6-23
5-15
15c
(quar.)
Canadienne Natlonale
.76- 1
V
"6-23
6-30
$l3/4
Toronto
.74.;', 6- 1...
6-30
-
50c
(quar.)
common
5-25
.
(quar.)
Del.)
$1
-
$2 convertible preferred (s-a)
6-
5
6-20
7c
National
Montreal
Plywood Corp.—
prior
America
of
y
"7- 6
■
25c
>
(quar.)
Association,
-
9
5-
6-20
J4c
common
5-15
Gulf
United
preferred
Bank
•'
9
i-r
7c
Show,
Bandlni Petroleum Co.-
8-15
vi 5-
1-
25c
(monthly)
Radio
5-15:
—
Co. .(Lewes,
United
Mills
8-15
8-15
1
7-6
$i»/2
•
Monthly
Baltimore
6%
66-
^-
"
12'/2c
B
—
(initial).—
5-25
(quar.)
Industrial
(quar.)
Sulphur Co. (quar.)
Co., 7% pref. (quar.)
Timken Roller Bearing
(irregular)
Twin City Fire Insurance (Minn.) (s-a)
Tyer Rubber Co., 6% pref. (quar.)
Union Tank Car Co.,
(reduced quar.)
U. S.
1
4, 5-29
$3
preferred (s-a)
(reduced)
6-15
Shovel
United
■
;
10c
Trust
Texas
5
(new)
8
5-29
I
$1 *
Mines, Ltd. (quar.)
Co.
*5-
7-
15c '4
(quar.)_
(quar.)——
1st pref. (quar.)
25c
y
—
Sylvania
Thew
Gold
Autocar
5
5-15
"6-15
$2.25
-
(interim)
,7.7 12'/2c
Corp.
:
preferred, (quar.)_________
Bank
50c
—_
Extra
Upper
4-20
.35c
^
6-
6%
57
\ 4-21
RR.—
Co.
4-28
25c
Superior Tool
Sussex
:',6-15
I,-
■7
10c
7,.40c
'■■■■ii
Aunor
1
Line
5-25
;
6%
non-cumulative
Corp.,
5-29
'•
1
X- 7 5-29
-75c-;
.■
preferred
Refining
5
75c'4.
—
—,—
preferred
'775- 1
62 '/2c
,
(irregular)
partic. preferred
& Die Co
5-15
1
1
9-
(quar.)
Stromberg-Carlson Telephone Mfg.
6V2 % preferred
(quar.)
Stuart
(D. A.) Oil Co., Ltd.—
$1.50
■
Calif.. (Del.)
Stouffer
American
-v
—
5-20
Class A
9-
5-21
5-
75c
(reduced).
common
Dry Goods,
Coast
6-
I2ȣc--
—
8-15
1
(quar.) 7
r
Corp.
* X
9-
50c
^—
Extra
Atlantic
5%
5-
1
I 5-21
1
50c
•_
2nd preferred
Atlantic
5-20
7. X
5-15
$l'/2
(irregular)__
_—
4-20
7'
40c
;
1:
(s-a)_
Financial
5-11
6-
1
5-15
47 5-14*
6-20
»
X
$1%
j.
(s-a)
Corp., 7%
Avondale
4 30c
^6-
:'
50c
pref.
Corp., 75c. 1st pref.
Atchison Topeka & Santa Fe Ry.
7 5-15
30c.
com..
J.)
7%
5-13
v
1
6-15
1
6.- I
; 6- 5
$1%' -7 '9-15 4 7 9- 4
12- 4
j/$iy4
12-15
(quar.)___—
(s-a)—
Corp.
convertible
Astor
5-23 >
■
6-10
•6-
6-
*"6-1
t$l%
:
common
(reduced)
Associated
5-15
'
9-
•
(quar.)
Corp.
preferred
conv.
6-19
5-14
37»/2C
Hardware
Standard Dredging
4%
Artloom
5-15
5-22
preferred
Accident
7
6-15
•
5-15
;
pref.—
Co._.
Co.,
Armstrong Cork Co.,
.
6-19
4<
7*4:6-13
6-
1
25c
;* $l>/2
j,
Arkansas-Missouri Power Corp., com. (irreg.)
6%
preferred (s-a)—i
6-19
5-29
—
2nd
Standard
6-19
5-25
40c
7-13
6-15,
6-
"
-20c
.
Foundries—.
preferred
Argo
5-9/
5-25
50c
7-15
6-1
75c
Co., common (semi-annual)
$4.50 preferred (s-a)
C
Arcade Cotton; Milla^ common.——
Atlas
6%
1
8-
$l% ,i
50c
Smelting & Refining Co
Tobacco,
Class
.
4-28
1 41'"-
5
5-13
5-15
American
1
5-29 7
,
7-1
$1'/2C
_7_
5-15
-
7 5-15
6-15
Thread
5-16
5-20
2c
'
—____.—__
6%
1
$2
;
.___
convertible preferred (quar.)_
non-cum. preferred
(quar.)
5-
'
3c
Amoskeag
4-30
50c
5-23
6-
t 7-15;
——
*7;74 $l5/s ,77- 1
Greyhound Lines, com. (quar.)
6-
"
"
6-15
6-15
25c
American
4-30
;7*6-10
8
&
Mill
American
5-11 4
7
5-25
25c
4-29
Ltd.—
by
___—-
5-23
Razor—1—__25c
Rolling
American
6-15
7-
5-
6-15
'25c
Corp. (monthly).
Ltd., common.
"
American Re-Insurance
American Safety
1
5-
5-15
:-$l3/4
7
t30c
Standard Sanitary—
(quar.)—
j
8-31
i 37»Ac 4X6- 1'4
:V;
11-25
62'/ac
(quar.)—:
preferred
American
j.
5-19
4i
$2
1
5-15
5-15
76-
ioc
12-
6-15
4
50c
8-25,
j-35c
News Co.
(bi-monthly)
;
Paper Goods, 7% pref. (quar.)—
preferred (quar.)—u—-
5-20
10c
-•
1
30c
1
37'/2c
9-
$1%
6-
5-20
4-
5
5-25
$l'/4
(quar.)—_
preferred (quar.)——
77 .5-29
X 9-15
:_
5
6-
1
American
American Radiator
;
6-
6-15
6-
American
•
5-15
50c
r
4 6-15
5-22 7
';7 5" 5
-
4-23*
5-11
,
Products
6- X
$25c
*
1
5-15
5-21
5- 5
,<
75c
,
(quar.)___
(quar.)___
Home
"
5-20
6-
$l3A
4
preferred
American
1
$i3A
pref
Foreign Power Co.—
American General Corp., $3 pref.
$2.50 preferred (quar.)
; j
6-
6-15
50c
'
(quar.)
Export Lines, 5%
American Metal Co.,
1
6-
$1
4-29
6-
5-15
5- '9
6-1
$1%
(quar.)
(quar.)
35c
j
Mills
1
6
6-26
-
*
$l»/4
pref. A
American Public Service 7%
(irregular)
Corp
5-
6-
9-21
$1
(quar.)__
Co., 7%
$l'/2
■v
Brewery (quar.)—
& Steel Co.—__——ii.
Furniture
6-12
6-20
4 6-25
-
preferred
1%
—
(Wm.)
(N.
4-15
12-19
35c
(quar.)
American Furniture Co., common
(quar.)__
7% preferred (quar.)^_74.ll.4ii_47--__-_-_
1
$i'/2
f
—
Co.
1
6-15
'
preferred
6%
5-20
1
ioc
(St.
.::'7 $7 preferred
American Pork 6e Hoe Co., common_^______
5-20
1
Co.
preferred A
American
5-12
5-
$3
(quar.)
Pen Co.
A.)
■
Oil
—
(quar.)_
Insurance
(quar.)_„
preferred A
American &
Co.—
(Indiana)
75c
(approved
preferred
7%
5-16
5-14
(quar.)__;_—_______ 7;-77 $l'/8
of
5-
25c
<
Central Mfg. Co. (initial)________
& Cable Co., com.____^
7%
iv-: 5-14 i,:
—____—
(quar.)_——_;
D (quar.)—
Co.
25c"
"
Corp.
Corp.
1
6-
6-15
(quar.)
B
C
Storkline
37'/2c
(quar.)_
(s-a)—
Utilities
5%
6-15
■■■■-
Power
A
debenture
5-14
37'/2c
Payable in U. S. Funds
SEC),
&
1
37'Ac
(quar.)
(quar.)
International Products
,
Electric
6-
$l5/a
(leased lines)
*;
American Chain
5-11
70c
Co
—
Stockyards Co._—7
Products
25c
International Nickel Co. of Canada,
International
Lead
Union
Standard
25c
(quar.)
RR.
Paul
4-25
25c
Peanut Co., common
Central
Joseph
6-20
50c
preferred (quar.)
Haverty Furniture Cos., Inc.—
Mining Co.
:
________
Co.
k, t
6-15
-
-A; $iy4 A- 6fc 1
h25c V.5-15
(quar.)i»_
(quar.)
5-20
Corporation
f50c
v
6V2 %
preferred
American
t$23A
;-7
Antelope Copper Mines, Ltd. (interim )K
7-
Oil
5-1
4-30
5-25
"7- 2
25c
American Can Co.
8
Erie RR.—
Ltd._
Oil
6-15
*
25c
5-15
I.)
(Phila.)
Co.
1
„
0) Rec.
i 5-15
■ 6-12
t$l3A '■
Co.
Automobile
1
25c
Mills,
Arch
Louis)
$1 v%
t$l3A
_______—_—;•—
Standard
4-25
$1
;
6-
; 44 25c .77:6-
Trust
Knitting
1
25c
pref
(reduced).
(Tom)
American
25c
Inc.
Estate
5-
75c
of America, class A (reduced)
conv.
American
$1
Corp
Standard
5-.1.
Holders
,
5-15
5-15
(quar.)
common
(quar.)
preferred
Purity Bakeries
7-
10c
(quar.)
Hat Corp.
Class
B
$3
5-20
% 5-29
J$l'/2
&»Ogdensburg Ry., guaranteed
$1'A
conv.
;1
Co.;
1
5-22
—^—
7-
6
When
-
,
6-
1-—
Lake
5-14
1
■
Mfg.
Homestake
R.
(s-a)—
25c
(s-a)
Haskelite
Huston
(quar.)
(Providence,
s-a)
Bessemer &
50c
Co., common
preferred
Bank
6'Ac
Hart, Schaffner & Marx
$1.50
class A
Corp.,
8-
...
Hobart Mfg. Co., class A
4-15
5-
——
6-12
$1>A
Light—
Co.
1
,
6-15
5-15
•;
Airlines, conv.
preferred
Southington
,
'
pref.
6-15
National
6%
5-15
-
$2
5-
Phoenix
Soule
$13A
(quar.)
_______„7___
(quar.)
Plywood Corp.,
Per
share \. jPayable
v 7
Ltd., common (quar.)
$$2
6-15
5-15
(quar.) (payable in U. S. funds) :
$1»A
:'6- 1
5- 8
Manufacturers, common (quar.)
50c
6-30
6-157
7 % preferred (quar.)
r 6-15
$1%• 0^30
Common (quar.)
> 4
500 1 * 9-30
4 9-15
7% preferred (quar.)^ v;;$1%
1 9-30
7 9-15
Common (quar.)
;
60c
12-31
12-15
7% preferred (quar.)
;• • f 1% ; 12-317 • 12-15
6-20 '
6-10
6-
(quar.)____
the
v
Wood
50c
'
3-21
$5 preferred
Harbor
5-14
1
5-15
Snider
4-20
preferred
>
j
American Envelope
Co.,
25c
non-cumulative
'<•
>
Aluminum
5-21 v
7-
40c
5-15
$3
Indemnity (N. Y.)
'
(quar.) __L__j.
Portland Cement
:i,
6%
6- 1
12 y2c
5-15*
5
5-20
Aluminum,
.
w
6* 1
$1
■
4
25c
certificates (irregular)——
.'7.25c
Skilsaw, Inc. (quar.)
—
Smith Alsop Paint & Varnish—
7% preferred (quar.)
"0. 8V/2C
5-9
6-20
"7-20
The list does not include divi¬
Co.
Kid
Alpha
,
5- 5
6-
Acceptance
1'
6-15
10c
American
Greenfield
Allied
5-15
!; 5-31
1
(liquid.)
Extra
Great
...
pref.;;(quar.)__
6% preferred (quar.)__
Corp., Ltd. (Del.)—
Pfaudler Co., 6% preferred (quar.)
:;Phelps Dodge Corporation.:—
i—___ "':
6•
25c
(quar.)
(quar.)
1
6-15
Peoples Telephone,
6-
t$2
$1V2
Co.
Graniteville Co.
6-
Participating
___j.
1
week, these being given in
Preserving, Ltd.—
7%
preferred (quar.)__
Allegheny Ludlum Steel, 7% pref.
6-10
Southeastern
Co
Wire
Alberta
5-15
Siscoe
1
6-
V
41c
(quar.)__
W.)
.
5-28
Simons
by
(quar.)___
Co.
6-15
J
12'/2c
(quar.)
Sivyer Steel Castings Co.—
Sixth & Broadway Bldg. Co.—
■■
Gibson
1,4-27
->
6-20
Simon
5-15
common
Genesee Brewing, class A
Class B (quar.)___—
1
$1'A
& Wilcox Co
Sheaffer (W.
5-18
General Bottlers, 55c. conv. pref (quar.)____
General Industries Co. (quar.)___
General
.
25c
7;.-Extra
5-29
40c
Society (Chic.)
(quar.)
Yards
i 7-
20c
B__
common—
Central
6'/a%
1
25c
H.) Co.
Fort Worth Stock
1
31'Ac
Peck, Stow
Penn
7'/a %
5-29
1
7-
::7'V 50c
' 5-15
6-15
Adams (J. D.) Mfg. Co. (quar.)__v__________ .47
;,
20c
6-29
6-15 ?ii
Aetna Standard Engineering Co.
(irregular)i
j 50c
6-15
6-15 Agnew-Surpass Shoe Stores, 7%1 pref.(quar.) • • }$13A v' 7- 2
4-20
Albers Super Markets, Inc. pref.
(quarj___
1 $l'/a 7 12-29
6-1 •
Preferred
(quar.)
_7__
$l'/2 f V'7- 1
&:>• Preferred' (quar.)_'
i___7
ri $1V2 it 10- 1
37'/2c
7% preferred
Oliver United Filters, Inc., class B
Orange County Tel. Co., 6% preferred (s-a)
Otis Steel Co., $5.56 convertible 1st pref—
Package Machinery Co
—:
Parkersburg Rig & Reel Co.—
$5.50 preferred (quar.)_____—1
——~
8%
RicoA(quar.) V
Certificates of Beneficial Interest
Fishman
7-
7- 1.
Acme
6c
______—
class
Corp.,
Sand
River
Savannah
Fidelity Liquidating Trust—
First
Ohio
1%
6-
6-
^ 8-. 1
25c
25c ;
(quar.)__j.__^
$l'/2
Safeway Steel Scaffolds—
6-30
X
'5-'5
V '..4-.10'*• 3-27
-
25c
7
Name of Company
$13A
—____
preferred
6%
5-30
(quar.)—____
Inc.
1
this
: v:-.
V.'XP."
Acme Steel Co.
Water & Electric—
Oil Co.,
Ohio
5-15
-
60c
Fajardo
affiliate)
Fund,
■;7
5-15;
6-15
.
35c
______
(quar.)
Nova Scotia Light & Power, 6% pref. (quar.)
St.
6-12
$13A
Asso., an
(liquidating)
Federal Chemical, 6%
preferred
Federal Grain, Ltd., 6'A% pref. (accum.)__
Federal Light & Traction, $6 pref.
(quar.)__
Federal Mogul Corporation
Industrial
—
preferred
St.
1
,_j__
Growers
7-
.0023c
5-28
10c
declared
:
*
6-
50c
Farr Alpaca Co.
Financial
$4
Regina
6-
$1.17
'
(quar.)____—__________
'
5
6-1
7.
15c
5-15
6-
6c
—
_J__
_.—
(Includes
.
50c
.
Porto
5
5-
announced
25c
Roan
/25c
(quar.)
Employers Reinsurance Corp.
5-
5-7
t$3'A
Republic Insurance Co. of Texas (quar.)__—
25c
(quar.)
Exolon
Company
Fajardo-'Sugar Co. ^of
Corp.
Nineteen Hundred
Real
1
5-5
25c :V.'5-15
;
4-22
5rt 1
20c
<:
6-30
25c
common
class A
4-28
$1'A
_—
6-
-•
$l'/4
(quar.)______
Empire Capital,
Mining
Northeastern
$3
5-16
5-15
,
5-5
give the dividends announced in' previous
we
preceding table.
'
—
Associates
$1
10c
(quar.)—_—
Utilities
Co.
Prentice-Hall, Inc.,
5-29
t$l3A
Diamond Alkali Co. (quar.)______
Doyle Machine & Tool Corp. (quar.).
Driver-Harris Company, 7% preferred
Eastern
Transit
Newmont
—75c /
(irregular.)
(quar.)
preferred
5-16
6-
$
pref. (quar.)
6% preferred (quar.)________
Newmarket Mfg. Co. __—_r—
Regent
■
Raynolds, class A (quar.)
Class
National
Portland
5-29*
6- 1
7XX/
$1%
__________
Corporation
f;
$1
(quar.).
(Del.)__
National Container Corp.
Rayonier,
$1'A
Shares—
1
30c
Murray Ohio Mfg. Co.
National Chemical & Mfg.
(reduced
5-29
'' 6-15
'Si. ;.
(quar.)
Insurance
2
$1.06
r
Murphy (G. C.) Co. (quar.)
6%
f
$5 convertible preferred
Mfg. Corp.;; $T preferred—7—.1
Mullins
Pittsburgh
56V4C
Co., Inc.—
6-
dends
4-30
!
5-11
6-1
25c
$2.25 preferred (quar.)_____-______j.__-_Zellerbach Corp.—
\
„
Crum
;
1
6-
25c
X
■;
Crown
70c
6-15
6-15
:V'47','': "4;V 47/77 J
r
& Seal
a
87'Ac
:
Cork
5-19
1
; j
$1JA
•
preferred (quar.)
Petroleum
Extra
6-
5-i5
6- 1
5-25
25c
*'T
5-15
8-'
6-
10c
f.V
_!____
Below
'
Petrolite
"< 10c
Cons. Diversified Standard Securities, Ltd.—
$2.50 non-cumulative preferred' (s-a)—_.; : J37I/2C
Crane Company, 5% preferred; (quar.)
4
Creole
6-20
1
Amusement—
8%
participating preferred (irregular).—
Consolidated Coppermines Corp. (irregular)
r
■
Phoenix
$13A
7
,50cV---
-j
5-15
l"
,
7 5-20
75c
Corp.,
preferred
6-12
1
>. 5-15
$l'/4
-
.7V
—;__
Corp.—>7
convertible
5-20
6-30
$1
______
(s-a)—
Aikman
6-15
20c
common
International
A
5-20
75c
(s-a)
A
6-15
$l>/2
common
Company,
class
$3
5-15
5-15
25c
(irregular)
I
(quar.)
Mines Co. (quar.)
Hill
.5-15
6- 1
5-29
.7
t$l'/2
(quar.)—
preferred
Cleary
1
6-10
—
Nebraska Power Co., 7%
.
Corporation
Clark Equipment,
1
6-
6-20
t$l'/2
Chesapeake Corp. of Virginia
■"
50c
—
preferred
5%
,'■1-; 25c
':$■ 50c
6-20
Co.—
Champion Paper & Fibre common
i■ 6%
preferred (quar.)—;
Chrysler
:—
(quar.)—
Public
6-30
6-30
$l'/2
(quar.)
;
Illinois
7- 1
,
$l'/2
;—
cl. A
$2
Tractor
t$2
^
___
1
B
Caterpillar
6%
(quar.)
;
5-
25C
—
5-15
7
5-20
V
6- 1
V:'6-
50c
vtc.
common "'(quar.)
(quar.)X—
Monthly
•
50c
4'A%
Ltd.—
(irregular)—.—
common
preferred
f:
'
(quar.)
:
preferred C (quar., initial);—_____
Missouri Utilities, 5% preferred (quar.)____
Common Xirregular)
'
Moran Towing, 7% partic. pref. ,(quar.) ____) •.
Participating.
________
Motor Wheel Corp.
7
7 -
5-16
1
'
-
Co.
weeks and not yet paid.
4-21
■i 5- 1
$7
(quar.)
6-20
•
75c,,,'
_________—
4
5- V\
5 5-28 r
1-6-10 t
,$13A
—
Canfield
\
5-25
8
5-
7 20c
i
flOc
Foreign Investment Corp.,
preferred (quar.)
1
5-30
__.;7 .l$l'A
_____
5% preferred B
(s-a)
Canadian
1
6-
25c
•
_j._—______
(quar.)
& Co., Inc.—.
B.)
5-15
1 \5-15
6-
4-24
4c
.
t$1.9323
(J.
6-10
/
"V;,$1M» 1'J 6-15'
_____
(quar.)
(quar.)____J:
preferred
'
"
40c *
___y
of Rec.
\
6-1
;10C
&
,
(s-a)
(quar.)
6-15
(quar.)
Crampton Corp
Wrigley (Wm.) Jr. & Co. (monthly)
Monthly
5-20
-
I'
6-.
.
J37'/2c
pref.
conv.
Exploration Co.
5-15
'X:-,' ;.;
,
—
Canadian Breweries $3.40
5-22
1
and
1940,
June 1,-1942
Forgings, Ltd.—
&
'-'
quarterly
May 1,
thereon'to
Foundries
Class
the
representing
of
-
V
v.,.:-V.-
6- 1
$1'A 1
' 2c '
'
(quar.)
■;:
preferred
7-
T
___—
6-
,25c
(quar;)—
Co.—
preferred,
dividend
Co.
(Calif.)-
M.)
(A.
5
25c
,
.—.
Byers
Williams
6-15
.r; 6*8< ^
50c
Corp.} $3 pr6f.
Foundry & Pipe Corp.
Spencer Steel, common,
Gay Corp.
(irregular).
$0.75
•:,25c
common
Holders
25c-.,' •' 6-20
L:-
(quar.)__:
(Northam)
Winters
62'/2c
•
preferred
Wilcox
5-15
7-1
quar.)—
<
When
.i ^share " Payable
; -
..
Co.___j._____.___
Wickwire
5-19
•
1;
Co.
Tool
"
4'/2%
Warren
5-27
:
5-29
6-
10c
__________—
(quar.)___
(quar.)__'_
Co., common
;>
5-15',
-
Chemical
Warren
*
}20c
■
75c
(quar.)_—^____7__
Industries Co.—
Allotment ctfs. for 6%
t2.40
pref.__^
Michigan Gas & Electric Co., 7% prior lien_
t$l3A
$6 prior lien preferred__
>
t$l'/2
r 25c
Michigan Public Service, common (quar.)_-_$6 junior preferred (quar.),
;V$l'/a
6% preferred (quar.)____—
$l'/2
6% preferred series of 1940 (quar.) ______
$ l '/2
7% preferred (quar.)
•;$13A
Michigan Seamless Tube Co.
■
77 $1
Midland Oil Corp., $2 conv. pref.
25c
Minneapolis-Honeywell Regulator— *
;,5-15
50c
—
(reduced)
Brown Shoe Co., Inc.
(quar.)——
Brunswick-Balke-Collender, common
x
$5 preferred
(quar.)
4—1—;1_J
Buell
1
6-15
25c
■vv.
________
Mallory Hat Co., 7% preferred (quar.)i
Market Street National Bank (Phila.)
(s-a)
4-25
5-16
50c
—_
(quar.)
15c
(quar.)
common—
(P. R.)
Mallory
5-14
5-
\
50c
Co.
6-
May Department Stores
$2
.
Co
■
9
Metropolitan
(irregular)-——
Rubber
&
—1
$5 non-cumulative preferred
-
v-;
$1
common
Hose
.•
,
* $ 1 'A
Machine (quar.).
participating
Macmillan
5-20
1,
Co.,
2,
5-
4
(H. D.) Mercantile Co.
Provision Co.—
8%
5-15
$l'/4
&
>■'
6-
Machine
Walgreen Company,
5-20
6-12
5-20
Louisville
5-14
1
6-
Name of Company
.
Extra "
< •
'
j
,
.
Candy Stores
$2.50 preferred
Lee
5-16
1
6-
y
50c
Mills
Boston
,
6-
10c
:
;
—
(quar.)____
(Richard) Mfg. Co.
■
5-30
common-
Secord
; Leath
5-20
Inc.,
;
..
"
5-20"
6-13
:
i5c
"
5-20
6-
Son,
Borden
Lane
Laura
Inc., 5% preferred (quar.)_i__
Blue Ridge Corp., $3 preferred (quar.) payable
at
holders
option 75c in cash, or
Boott
2
Lanston Monotype
25cV
30c-
.
Norman
Vick
Per
.-
j'.
Van
5-15
;
6-13
15c
30c
».
_____—
6-10
..
(quar.)__™_:77__L_
preferred (quar.)
Wells Co.
(reduced)
5%
1
i 40c
•
'
Superior District Power Co.—
5-21
•
Co.,
..Lake
4-21
6-
7
______
(quar.)—-_7__——i.
(irregular)__U "I
Co.
6-20
■
common
preferred
(S. S.)
5-1
(irregular)
Inc
Carpet
Co.,
t$l'/2
____
1
&
H.)
______
La Salle Wines & Champagne
■
,
5-
——
special
Kresge
5-16
5-11
20c
(quar.)
Ties,
preferred
&
1
7-
15c
Seelig Mfg. Co. class A
Brummell
Bird
6-15
6-15
6- 2
j
(quar.)-41'Ac
com.
preferred
Co.
Bigelow-Sanford
6%
1
(quar.)—
Works
Gear
(H. W.)
Barlow
Beau
7-
.___
preferred—j.____—*_
Company_________
convertible
Barber
62'/2cX
6%
Powder
$1.65
1
—
inc.
Works
Automotive
6-
Co.
(S.
,
6%
6-15
20c
50c
Archer-Daniels-Midland
Metal
,'/'•>
75c;
'
v.-, '.»•
;
5-15 ".*- >4-30
6-
•
r
of Rec. :
45c
6-1
6-15-
V
v
(quar.)
Pulley
Atlantic Co.
:
(quar.)
Holders
Payable
'
■;
6-15
50c
(s-a)-—______
American Investment Co. of
Art
share
v:.;;
Keystone Custodian Funds, series S-2_ii___
.
$2
Rome of Company
■
When
5-29
6-15;
$1
i-i._j.-_i-,«■"•••
■-—
American
5%
Per
.
'
Aluminum
•Extra
'
Name of Company
•
Per
■
;
jioc
*7
1
6-15
y
55-
1
4
8
5-21
5-
9
Volume' l55
Nuinber 4071
'
THE COMMERCIAL
"
'7 Q;-X
Name of Company fyS
Buckeye Pipe
Bupker
Line
Hill
trating.
&
&
'J
Concen-
J7"J
'iff. 19c
6- 5
77;J* 15c *-r: 6-1
37J/2C--.- " 6- 1
25crffr 5-15"
-.(irregular)
'7.5% convertible preferred (quar.)_^___-; Byfoii kJackson- Co.f_i
Cable
&
;
;
ll
5- 6
5-
5"/o
Dravo
;
(quar.)_:__
(accumulated)
Common
-
; Common
4-23
V
'
7_-r~.—r-rr-w-—'• 7
55-
-
8-
1
11-
15C
1
12-27
•
7-
25C
Class
-
Cable, -Ltd., class A (quar.)
(interim)
:
B
-~; f$l
Elmira
6-31.
5-31 "f
5-31' f
; 150C T: V4Frl5 /f
preferred (quar.)
/ t$l%;/.;
6-15 v.
; Cahadian Bakeries 5%;
pref."(accum.)i:^f-:f_\',if-$$2ya
6f:Xty
Cahadian. Breweries,
Ltd.,
$3
conv.'•
pref.
//k/fqUar.)*;'■ fltb^kholders»iapproved'"-irt«Bxfotf
.clearing all'arrears by raising the- annual
;f
:
'
•
stock•
Class
B
{interim)'.
Canadian
'
lipsufance
-
-
/
•
1
istzS.
*f
'.7.
I
1
6-
1'
i FahsteeJL
-7--11
$2-
Central Foundry Co., 57e
conv.
•-
-^l^--- 6-
pref—,——■
v
$7. prior
$6
lien
preferred
prior lien
Chain
Belt
Company
Corp.; 1
Charis
(quar.)
"
i
1
10-19
; 6-
Company,'
5-
Pacific
Registered stock
(initial)—"
(quar.)„
guaranteed
T; Cockshutt
6-
Vf;
•
50c
Plow Co.. Ltd.:
Fuel
A
&
1
12^cv
—
'
•
~ ~ -
Gas
it Electric
Corp.—*'7:
25p
'5-20..
6- -I'''
.
6-
;
^
V
preference- (quar.)———i
5-15
;
preferred, series A .(quar,)--- $114 f
5-15
Pictures, $2.75 conv. pref. (quar.).,
5-15
6834c '•
Commoil, Ltd.f (irregular)
;
f.005c f; •*5-2o
Commonwealth Internat'l Corp., Ltd.
(quar.)- ^
}4c :v
5-15 '
(
i
Xi.
Commonwealth Loan Co. (Indianapolis)—
preferred (qttar.:-;f'$1%'^..:
8^30'
f :Cohcord
:.0«s^.;7S': pref.emcb^^iii;^^3'.' -ff
-
_
j
•r,
5-1-
6-15.
;
-
*
6-25
'
Co. (quar.)—
Power, 6'> pref. (quar.),
Cement,
Consolidated
Cigar
$1.40
class
62V2C
5-
77e pref.'(quar.)-(N. Y.)
(quar.).
Co.
Oil Corp.
(quar.)
Consolidated Retail Stores, 8Vc pref.
8%
preferred (quar.)
Cushion
(reduced)
Consol.
5-20
5
5-15
4-30
5-20
1
5-20
5-15
4-29
15c
t6l/2C
——
6-
*'
J30c
4-29
5-15
'
4-30
&
Port
&
Delnite
Co.,
5-15
6-
Goodyear
$5
v
~
common
1/100
.
t; each
Dentists'
of
a
Grand
V^l'/s
share
of
Greenfield
-
-
(quar.),——______•
preferred
7-
1
$1%
1
$1%
12-23
12-23
6-
1
5-15
pref.
7-
6
(quar.)—
(s-a)
30c
(quar.).
Co., common
(quar.)
10-1
$1%
»■
—
77c
1st
Envelope
12-23
preferred
Ltd.—
(quar.).
"
10-
1
12-23
Gulf
Western
convertible
Insurance
Breweries
preferred
5-20
7-15
preferred
^40C.
1
r 6-10
.
5-
7-20
6-30
T*
t$iy«
6-
1
5
•
'
'.'•*!
: 5-15
Extra
'
'•
6-15
6-1
5-20
12-15
,4
T
6-15
(accum.)
preferred
(accum.)
6-
1
1
^
7
(quar.)__
!__
6-20
5-15
5-
5-15
5-
Extra
;
guaranteed
(reduced)
preferred (quar.)
Hart-Carter, $2 conv. pref.
Havana
Electric
Haverty
&
Utilities,
Furniture,
$1 */2
preferred
Mascot
Hettrlck
Heyden
4 74 %
6-20
1
6-15
1
5-15
6-
1
6-
1
6-15
5-15
7-1
1
5-15
6-
1
7'5-11
!
7-20
6-
5-25
37 (4c
7-
Corp.,
A
1
$1*4
5-15
5-15
4-25
•
-$1
$2
6-17
6-
1
tl.06(4
6-
10-
1
Hooker
(New
Orleans)
'•
(monthly)
™_;__
;
(A.
C.>—
7%
non-cum.
\
•
2nd
'
-
-.v
30c
f5c
55c
$50c
Electrochemical
pref.
prior partic. pref.
3-25
8-24
12(40
7
5- 9
6- 1
•
12 Vic
5-9
,/
k' 5- 9
6-1
6-17,5-9
•
$1V«
6- t
•
7 6- 1
7
7-
5-
.
5-20
5-29
50c
5-15
5-15
preferred
&
•*_
,
(s-a)
25c
12-
1
11-20
5-30
6-30
6-20
7- I
6-20
6-
5-16
7
■
Mercantile
5-15
5-15
5-
5-15
7> 5-15
7-
$1%
1
1-2-43
;
50c
12-22
;
7
5-
5
7-1
50c
50c
6-20
,
,9-21
5-15
$3
1
4-17
5- 5
,
I
10-
•
$154
-
6-15
5-25
6-15
5-20
v
$1(4
5-12
5-15
•
5-
5
$1(4
_
11-
5
5-15
5-
I
6-1
5-11
5-15
5-
1
5-15
5-
1
6- 1.7
5-18
5c
10c
25c
J
$1
(quar.)—
6-
4334c
(quar.)__
$1%
37Vic
8-29
1
7
5- 1
6-15
6-
6-
$1V2
4' •;
5-29
11-28
6>
25c
(quar.)__
1
8-31
$1.31(4
—_
8- 5
11-30
43%o>
t55(4c
(quar.)
::
5-30
433/4c
;
common
.
40c
—
pref.
11-14
25c 7
(quar.)
pref.
8-15
$1(4
(quar.)
Telephone,
1
1
$1%
>
.
(final)
5(4%
66-
5-16
50c
—__,
4-20
1
$1%
(irregular)——
Corp., common
Meadville
6-15
8-20
11-20
50c
preferred (quar.)
:_
$5.50 preferred (quar.)——_™/_*
k
1
1
30c
common
Robbins,
8-20
9-
12-
$1
(s-a)__.
$6
1
7
5-15
$1*4
Mead
1
$1
(irregular)
(Phila.)
7 v. 5-20
1
9-
$2
$lJ/2
;7
preferred
7McKesson
:
6
6-
Co.
Mclntyre Porcupine Mines, Ltd.
7-21
5-15
2
40c
7%
6-
25c
Steel
McClatchy Newspapers, 7%
7% preferred (quar.)—
:■
5-19
7
Electric
7
preferred (quar.)
6% preferred (quar.)__
$4
k
5-15
6-15
&
25c '
$iy4
25c
Extra
'
7 .<5-20
'
6-15
Ice
.May McEwen, Kaiser,
5-20
•6-15
■,
$iy4
•
6
6-16
1
5-19
9
6-1
'
k,
6
5-15
6- 1
5-15
5-15
5-
1
Acceptance Corp. of California—
(quar.)
(quar.)—
45c
83/4c
66-
;
7 4-25:7,
5-15
-
5-15
•
7
preferred
(quar.)/
25c
6- 5
6- 1
5%
preferred
preferred
preferred
(quar.)
25c
9-5
9-1
(quar.)
30c
6-5
(quar.)
30c
9-5
6%
.
4-25
?
1
1
5%
6%
-•■4;'
partic.
7k
7-31
7-
15c *
Co.-(quar.—
Hormel (Geo. A.) &
Co., common.;..^
6%
preferred (quar.)
w
Horn
15c 7
50c
:
«
Bank
11-24
11-24
—
5-20
Co.—
L_^
8-24
v
6-10 7
-25c
Managed Investments- (quar.)___—_______
Manhattan: Shirt Co. (quar.)
Manufacturers Casualty Ins. Co. (quar.)
6-13
10-20
75c
Co
■>;
4-25
5-15
6-26
-_ii
3-25
9-10
9-10
—
,5-4
75c
15c
National
6-10;
12-10
12-10
6%
4-22
Monthly
(Chas/ E.)
•
'5- 8
7 6.1
Lynchburg & Abingdon Telegraph Co. (s-a)
Mackintosh-Hemphill Co. (irregular)
Madison Square Garden (irregular)
Magnin (I.) it Co.» 6% preferred (quar.)__
6-20
5-29
'
5-29
50c
preferred (quar.)
preferred (quar.)
Lynch Corporation
V s 6-12*
15c
Monthly
6-
50o
6(4%
775-15
1
'7;7 $17
(quar.)__i.__^.___
Spencer, Bartlett &
;
I
8
6-15
6-20
-
7 .25c
(quar.)*-
6(4%
4-30
5-15
(quar.)
common
1
.7-23
1 77
7-
50c
50c
:
Co., common
7 6(4% preferred (quar.)—
ts 5-15:7
5-25
:77; t2c
-77
preferred
5-
,
$1.10
Lunkenheimer
6
7-
25c
$1*4
•
5-12
$1.10
"
Lumbermen's Insurance Co.
a
5-15
5-15
25C
;
7-
1
t75c
,
;
7;
6^ 17
$1.10
.
Extra
Lukens
6-15
6-
50c
pref.
Louisiana
5-15
;• 7-1
25c
(quar.)
5-12
1
8-1
15c
Participating
participating preferred (quar.)
Participating
Lock Joint Pipe Co., common
(monthly)
Common (monthly)
8% preferred (quar.)*
Lord & Taylor 6% 1st pref.
(quar.)
5-15
6-
.jiVj
________
(quar.)
k
'
"
5%
'
Chemical
Hibbard.
1
1
6-30
$1%
-V
1st
Manufacturing Co. (irregular)
Trreerular
76-
$1(4
(quar.)
(quar.)
Mines
preferred
1-10
75C
J;
Powder Co., 67p
preferred
Hershey Chocolate/common (quar.)
conv.
7- 1
25C*
6 %
1
1
6-
7
77 $l5/s
participating, preferred, (quar.)'
Participatingv;7
5% participating preferred (quar.)
5-18
$1 (4
;
.;
Hercules
$3
1
25c
Co.
Co.
Gold
6-
25C
-
5-29
66-
30c'
.
'
6- 9
.5-11"
.
yy30c.'';k-11^'1/ 10-3S
5 %
6-15
34%C
(quar.).
Glass
5-
6-25
25c
common
Pineapple
5-15
$3
:
5-9
.6-15 7;.
75c
;
—
6-13
4-30.
.
25c
(quar.)_
"
y
'6-1
75c7,
(quar.)
(quar,)_7
2
5-15
.
1
5-15
Longhorn Portland Cement Co.—
5
'
!__•
7"
k; 25c.
^ -v' ,40c
(quar.)
Class:' B
1
90c
5-15
$1
(quar.)__
Extra
6-10
$1%
30c r
7/ 2c
$17a
Special guaranteed (quar.^
Special guaranteed (quar.)
Loblaw Grocerterias
Ltd.; class A
5-15
$2
6-
9-2
-12-2
(quar.)""7*50c V
capital
5-15
6-
6-11
9-11
.12-41
k'
capital
5-15
V|50c
" V;
Co., common
5
5-15
77450c
t
Co.___—.k"
Original
'f
5-25.
kUy450c
______
(quar.)
Original
1
6-
9-5
12-
1
/
(accum.)______>
preference
6- 5
'
6-
50c
convertible preference
Special
;
,
9-15
5
11-5
25c
,:>6%% preferred (quar.)_•_______
Lion Match Co., com.
(Irregular)
Lionel- Corp. (quar.)__^^7-.-_--_-__Little Miami RR. Co.—•
Original capital ,(quar.)___
5-15
Common
non-cum.
:
7
6-30
5c
Hamilton Watch Co., 8% preferred
Harbison-Walker Refractories-
:•"/
t$i%
'5_20
5-29
J 10c
Hollinger Cons. Gold Mines, Ltd.
Holophane Company (irregular)
Home Oil Co.. Ltd.
(resumed)
Honey Dew, Ltd. (quar.)
5-15
v
%■
8-
,6-15
$134
convertible preference
Link. Belt
•
5-15
(quar.)
Mines, Ltd
Company
(quar.)
5-22
7-
' '
5- 5
8-15
11-16,.
,:4>.'$1%
(quar.)
7;;-, ■ Extra;;
4-25
(quar.)__
1
•
8
6-10
Brothers Stores
4-30
1
-
7- 1
4334c
5-15
5-
5-
7-1
^
5-20
8
15c
(quar.)
Hibernia
5-14
5-
6-15
Co.
Hires
6-
(quar.)
:_
conv.
5-15
...,
25c
4 $l3/4
rExtra:
■
4-15-7.
$1 (4
(Dallas, Texas)
Power Co., $6 pref.
(quar.)
Hackepsack Water Co., com. (s-a)__i_
—v
25c
Savers'Corp. (quar.)
Liggett & Myers Tobacco, common (reduced) >*7.
Class B y (reduced)
'
_„_____1L._™
7 ,.:
Lincoln Nativ-liife lhs/ Cb.
(Ft7Wayne)~
(
177..
5-
,6-17
•7
5-15
5-11
Gulf
5-12
.
.,;k,■
_______™™__t.__
Co.—
8-11
25C
:
5-15
t2c
(irregular)
1
$172
5-15
6-
,
5-15
37 (4c
(quar.)
9-22
12-24
1
;
Life
74-27* 7
5-15
.
6-22
,
6-
(interim)
•
Libbey-Owens-Ford Glass
5^15
5-25
50c
1
,;T430c
com._
.
"
1
1-1-43
Le[Tourneau.(R; G.), Inc.
(quar.)50o>" -8- 1
Lexington Wa^er Co; 77«vpref, (quar.)___._y ^$13A
6-1
5-16
•-•5-12 ■■•7
1
7-
10-
$17a
1
Inc.
-
6-15
'6-
1
1
,
1$1%
Ltd.,
convertible
$4,50
'
Dredge & Dock (quar.)
1
■$1V4
5'- 7
5-15
5-15
$1
55-
"
$iya 4
Lansing Co./(quar.)
Lehigh Portland Cement, 4%k pref.
Leitch Gold Mines, Ltd. -(quar.)_!
k
5
77" 5-
5-25 7
30C
7-19
5-15
$17a
7%
>
6-1
-
25c
7 40c
—
Indiana
9-
25c
-
•'
(quar.)_____.i.
6-
62 7ac
Cartons,
12-19
7
$1%
7S 25c
6-17
15c
."
7%
"
6-20
5-
6-1
-
•
c6mmon_________
75c
v
&
6-20
*
'!
5-15
' •'S75C
Co.—
7%
7 5-20
•
5-15
5«: 8
k'
I
5-15
25c
Langley's, Ltd.—
7
'5-20
'
Bryant,
Extra
'
35c"
8-
5-15
•
k
6-1
15c
<
Lane
7
5-15
1
6-1
37 (4c
(resumed)^.;—
Rubber
37*/2C
(Indiana)
Ltd.
& Anglo Investment Corp., Ltd.—
preferred (quar.)™-.™___---__^—--
Dominion
'
1
1
7" •; 1
7-1
.__
(quar.)
Quarterly
Quarterly
1
Quarterly
7% ^preferred
Quarterly
Quarterly
;
5-30
6-
'
5-25
$1%
"
6-
Monthly
$1%
Dominion
5 7-
10-
1
:
—
Co.
7-
1-5-43
$2
——
•
participating preferred (s-a)
Diem & Wing Paper, 5 7> preferred
(quar.)__
Di-Noc Manufacturing Co., 6% pref. (quar.)
Dixie-Vortex Co., common—
Manufacturing
,
^ $2-
69<>
Mines,
.
-•
6%
Detroit-Michigan Stove Co.—
.7%
preferred
(quar.)
Dodge
. .
5-1
10-
,
Dome
5-15
$1%
(quar.)__
Hillsdale & South Western RR.
-Semi-annual
L
——:
A
5
9
-
——_—i.
Detroit
class
5-
*
8-20
6-15
'<■
4-30
15c
50c
,
5-15
7
9-1-
.7
8
5-20
,
5- 8
5-30
5-26
'*
1
5-
6-20
5-8
7
5-30
6-20
12 Vic
5-
1
5-15
5-15
;
'7-
$17a
(quar.)
/
Landis Machine,Co.—*'
5-15
50c
Tap & Die, $6 pref.
Griesedieck
Hedley
(quar.)
$2.50
5-29
,13c
-
Supply Co. of N. Y.—
Match
6-
'5-15
1
1
76-20
;•
(quar.)'
•
Great Lakes
Hazel-Atlas
preferred
preferred
6-20
1
for
7%
.
7-
6-
f25c
25c
,j
6- 1
:
$23/4
V 5-10*
-*
1
11-20
76-
J25C
5-10*
6-1
.
Ry. (s-a)
Graton & Knight 7"/c pref.
(quar.)
$1.80 prior preferred
(s-a)
Hawaiian
common
preferred
Diamond
7-,. I--':
•
;
Mfg.,
1
(30c in cash and
"A"
held)
&
*■
$3
35c
7%
Gasket
V;6-
:
$i%'
v
6 7c
-77e-
Detroit
6-15
preferred
6-1
1
6-15
•.
12-1'
1
6-
tlOc
8-20
1
5-11
5-
l'k'
1 *
7-
5-25
8c
Milling Co.,
5-22
5-15
k
...'Extra.-45c
5-20
9-
'
87 (4c
—
Rapids &
Hallnor
7-22
;" 25c
17Vic
17V?o
pref. A (s-a)i^ (s-a)l.™_.:™:.__™__--
preferred
Woods
5-15
T
6-
5-20
/ /
(quar.)
the
7-18
5-22
,
5-25
t$174
(quar.)
of
6-6
10-17
5-15
-
877ac
(quar.)
preferred
7'Jo
!
5-20
6- 1
-
&
preferred
preferred
Lamaque Gold Mines, Ltd.
Special
Haloid
10-22
6%
6%
Lake
'r
$17a
/
6%
& Dock Co.—
Manufacturing Co._-_™_;____
___^_
Consolidated- Mining,
Smelting &
Co., Ltd. (quar) (payable in U. S.
funds)
J___L
9
2
1
Power
8
-
(initial)
share
Tire
conv.
5-
9- 2
1
1
6-
Granby
6-18
10c
(quar.),——i
Manufacturing—
Class A
"
11-
10c
—
6-
6-
1
6-
5-25
5
4/;75c
Laclede-Christy Clay Products
6-10
17V4C
6-
first-preferred
Heater
4-30 "
" 6-20
*" 8-" 1'
5c
9
5-1
'
1
6-
2
,
5-
8-10
ll-ld
5-25^
11-
,
Extra
6-10
</•
1
l7
5-15
"
40c
(quar.)
second
*
6-
25c-. •'
$iy4
k 4V 25c
(quar.)
preferred
(quar.)
Co. (quar.)
4-30
12- 1
$1.0674
Co.__
7%
6-23
6-1
"
,
(irregular)$1
&
67o
Kysor
6-10
23o
; /
(reduced)
Creamery!Co;, $0.60 pref.
Kroger Grocery ft Baking Co., com.
6-25
25c
Gorham
5-
2
6-30
1
6-10
Steel
Hale
,
7-
50c
_____■
Company
(Julius)
5-15
50c
^
-™
(quar.)
(quar.)
Knudsen
1'! 4-20
1
6-30
'
5-i2
5-15
„
-8c
,
(quar.)™;'; '
5-5*
.""
9-
30c
6-30
6- 1
'
30c
;
;
/(quar.)__—$1.06y4
Knickerbocker Fund
4-17
5-15
5c
B
4-30
$2
—;
preferred
(Ogden,
-
5-15
46-
$1
'
4-30
f$lV2
Mines,;Ltd.; (interim)—•
Dennison
,
7%
(quar.)
Utah)—
Cbrp.,- 5%
5-15
5
4-30
$2Va
Corp.
preferred A
Hajoca Corp., 67c
43%c
;
Cuneo Press, Inc., 4'4% pref. (quar.),
;
Cunningham Drug Stores, Inc.—
6% class A prior preference is-a)—,——-•
Curtis Publishing Co., prior pref. (reduced),
Deere
American
5-15
5-
5-15
$1
preference .(quar.)___^___„
preferred (quar.) -—_____
2c
(quar.)
(extra)
$2
20c
com.
5-5
:
5-15^
30c
:
;
.*
Kentucky Utilities, 7% Junior pref,/, (quar.)
Kinney (G. R.) Co., $5 prior preferred
;
Klein (D. Emil)
Co., common (quar.)__^_^_ k
,,
5-13
$iy2:
6-1
Keith-Albee-Orpheum, 7% conv. pref. (quar.).'"-44$1% ' '
Kendall Co., $6 partic;
pref;;'kA'k(quarij|^:_l;-'' -4"
7
Participating
V'.-; $1.68 *
'
5
5-25
(s-a)_
l"'.'. 5-15
;
1 •
.tSiy*;
(irreg.>___
_i__;
5
5
5-11
•!>
,—
6-
' '«-
1
7$iyi V47: x : :v
,
(quar.)
a
""
6-15
k-
$1
-
**
preferred
4-24
5-20
;6-15
"J $1%
Kearney & Trecker Corp._
'
5-13
.
50c
7
.
——
Philadelphia
$17«
'
common
U
1
■
6-
5-25
(quar.)
Co. ;(quar.)
7%
Ltd.
Clinton. RR.
(semi-annual)
Co.
(quar.)i--i..L
Goldale Mines,. Ltd.
.
Culver
•
5-15
,
9-30
5-15
$iy,
4;
Kayser
4-30
f
5c
(qnarj
(quar.)_„—
Sulphur
\
1
5-15
6-30
1
\6-
"'.'50c 4 *
Kaynee
6-13
15c
•
$1
/
Manufacturing Co. (irregular)
Kable;Brothers Co.) 6% ^pref,. (quar.)
'
(quar.)
15c
& Milling Co.—
(quar.)
Crown Drug Co. Vw pref. (quar.)——
Crow's Nest Pass Coal Co., Ltd. (s-a)
6-20
:
conv;
5V2%
f$l%
—
—————————,
preferred
5-15
;C
(quar.)
5-20
25c
$7
(quar.)^™_i,^.ii^-ii.^-.^ii U $1(4'
Castings Corp., $6 conv. pref. - t$l(4
General Steel Wares, Ltd.", 1% pref, (quar.)
f$i3/4
.
Participating •;
$28c
Georgia RR. & Banking Co. (quar.)
$2
Globe-Democrat Publishing, 7 % pref. (quar.)
: $1%'
Gold ft Stock Telegraph
(quar.)
$1(4
Golden Cycle .Corp.-—
7 50c
9-15
5-
•
6-
Gold Mng.
Foster, 8%
10-1
6-1
(quar.) 1—;;
Cork & Seal Co.,
Cruni &
,7- 1
$2
$1
Common
Crown
8
4-15
20c
Imperial Mills, Ltd.
t$l
to
.Common
;
'6-15
25c
'
'
Corrugated Paper Box Co., Ltd.—
7rio preferred (accum.)
:
Cresson
5-
5-15
Spring™——-.7:^1 3c
—
pref™
$3'/2
(quar.).^
General Cigar, ;7% preferred (quar.)
"
5-15*
'6-15
$4
CQty, Inc.
2
$2
Paint & Varnish, common (quar.)
preferred (quar.)————,
Corporate Investors, Ltd., class A (quar.)„
Cook
Extra
5-
1'
40c
—
-
,
I2V2C
(quar.)
of America-—
5-15
5-15
'
5-16'
...6-
Consolidated
Continental
1
.
'
5
10-
4J 4:4"'.'4 k 44V/
Justrite
'
-
5-5
1
.6-
A_„t35c
Corp.,
Consolidated Edison
Container Corp.
6-
$lVi
f
9-25
12-24
,
Power
6-30!' ,6-13
(quar.)_:._™__,_______
Fort Wayne & Jackson RR., 5*/z%
pref. (s-a),*
FoX De Luxe Brewing Co. of Mich.
(Initial)
General
,
—
Connecticut
6-11
■10-1; -19-11
-
6% pref if red
4-30
—
Connecticut RiVer
7V7-Tl
"
(quar.)_
—
Jewel Tea Co.,
Inc.,
7 47»%
preferred
47.%
6-15
quar.)
GeHeral Foods; Corp. ;(reduced>i;-i,i;-.i-:i-^
'GeneirAl Otltdobr Advertising—- - - - - - - - • $4 participating class
•
V-30
t$l
Quarterly —'
;
1
;V t$lW *
'9-30
Quarterly.
.*.———
ttV/2 f 12-31
Connecticut Light & Pwr., $2.40 pref.
6- 1 *
(quar.)
60c
$2.20 preferred
(quar.)-—;
6- 1
55c
Consolidated
j; 12-15
$2'/a
•
9-15
25C
(initial
Connell Dredge
'6%-,pref erred
5-15
4-15
'
(Toronto)—
>
9-16
12-18
Ass'n.
(Chicago)—
,
6-15
9-30
(Syracuse,
i__„,
"General Finance
_
:;,U Quarterly
1
6-30
■lift
Florida Poorer'7% pref. A (quar.)™__,,i-,.:ii;
General
.
4-20
tSOcf
'
10-
■
Bank
Island Mountain Mines
Co., Ltd.
Jackson (Byron) Co.
Jantzen Knitting
Mills; 5% pref.
-
5-15
:
6-30
(s-a)
preferred
>: / 7%
-4-20
.
Confederation Life Assurance
3c
J; $1.50 series
,
'
-
cumulative
Cumulative 6%
5-29
Trailer, common_zi_iL^^'_ii4^,' v
35c
/
a % /convqrti))le preferred -(quar.)ii^i-ulw. ; ",'$1(4;
Fuller 'Brush 'Co;, 7%,
$1% 7
pref. -(quar.)™-,i.f:-;'i;
•"
General Acceptance. Corporation— •
^
J- . A
.
9
$iy»
Fruehauf
5-14'
i.
-
>
5-14
5.-28
• •
5-
.
,
,Quarterly.
■
.
5-20
1;\-
25c a -•5-28
:
7%" :preferred
4"V ••Freeport
4-17'
6-; 9,
•Columbia
Cosmos
•v
4-20
62V2C
—
Iron,.——-LJ-L
Special
5%
6-
6-15- " >
,6-30
•
1;
6-1
Public. Welfare
Quarterly
,
"
Fott" Pitt" Brewing
.
5-11
'
Columbia
K.
12-
'
50c
15c
75C
___.
JClass ; B
5-11
'
J25c >l 'V 6-18^15
common
(quar.)—
11-20
$l*/4
•
'
5-20
1 '
4-21
*.
7. 2
v'
iM..^i)TefeJrred (guqr.)—
/
$l'/4
1% ,'preferred (quar.);____-____™_.™____ • -iVFord Motor; CO;, of Canada, cl. A (quar.) 14-
.
&cJo preferred
\
,
-I;''
"5-11
6-
.
•
5-11
;
6-
•
preferred (quar.)„„—————
$1.06Vf
Cumulative preferred 5% series
(quar.)— $1*4
Colonial Stores, Inc., common
(quar.)25c
-'
•
6-20
f ;$4.25
Colorado
8-21
10-24
250
B
preferred
7'%
8-15
1"'
6-1
2c
87y2C
(quar.)——-
Co|gate-Palmolive-Peet.,
1%
5-15
w*Si 1
'Cleveland 8Tittsburgh-"HR^v->fy';r:'f/f/.-:'-f
Special
,5;
•v*
i
Clayton Silver Mines
5-21
1
Fitzsimmons Stores—
Ry. Co.
•
,
Mfg. Co.;vtc.
1
25c
Co.
Quarterly
5-8
5-15
7-25
•
of
Extra
Fitz Simons &
6-16
1
2
A \i$-a)„—-:
Class
5-20
:
5-26 1
City Water of Chattanooga, 5'/» pref. (quar.) f ■ f $114
'
1
4 7-15
■
Co..
Clnn.", New Orleans it Texas
"SV preferred (quar.),—
5T# preferred (quar.)i—
Class
.
(quar.)__
$$33/4
$$3%
,
6-
common
J First Security Corp.
7-20
2
i 5-11*
'
.
Co.—;
$1
Institutional'Securities, Ltd.—AvUttion group shares
<iwegular)--i44.: v7 50q !
Iron Fireman
5-21
-
9-
Extra
8-
—
Copper
5-20,
8
11-
-
Chile
5-20
5-
5-11
(Toronto)-—
—
y
11-
V
Corp.
Association
6-20;
$l'/4
Firemen's Insurance Co.
(Newark, N. J.) (s-a)
Firestone Tire & Rubber, 6 %
pref. (quar.)
First National Bank
(Chicago)
(quar.)_
'First National Bank (Jersey City)
:?■' 5-11
6- 4
Chicago Wilmington & Franklin Coal Co.—
0'4» preferred.
(quar.),^.,—
—u
Q'/e preferred - (quar.)-.,.-—
Chicago Yellow Cab
Co.
Fire
:.v
$2>/a
Ins.
Fidelity-Philadelphia Trust
•
4-30'
•'
1 *
5-15
Chestnut Hill RR. Co. .(quar.f
Chilton
5-29
8-
'300
j
Fidelity Fund, Inez (quar.)_-_____
:;5;: Extra __-___•
5-29
5-25
:ii—,
Chickasha Cotton Oil
Fer.ro Enamel
/
$iy4->
■
•
■-
Shoe,
5-15
-
6-
Co.
International Harvester; 7% pref.
(quar.)„
:international_Oceari TelegraphJ(quar
Jp4rfInternational. Rys. of ^Central America— ''
5% preferred
1:——
International Silver
5-11
6- 1
$1
;
v
4-28
v
.7- 1
30c
-
(quar.)
•
^ 6-?°: '
Corp.—>
4-30
6-1
6-15-"
Ingersoll-Rand Co.
.Inland- Steel;.
.
'
Federal Screw Works
Feltman & Curme
.5-15
5-15
pref.
Y.)
Bake Shops,
.preferred
'
Service
$6 preferred fquar.)
Century Ribbon Mills 7Vo
'
$5 preferred* (quar.)
Traders Life
Federal
4-30
t
1
;6-2d
t$l%
N.
■;
&
Quarterly1 ,_i
/
•5-20
1
6-
preferred,^—
Cehtral Vermont Public
6-
~
$l'/2
--
Metallurgical;
Fafmers
6-24
•
5-15 ;
'75c '
$1
-
-
Central Ohio Light & Power $6
pref. (quar.) - Central & South West Utilities
Co.—
-
1
•
&
•
5-15
.
5-25
i*
J1
$5 preferred (quar.)
$5 preferred
jtquajr.)
.
*
-
5-12
6-1
$iy2
(quar.)
6- 1
30c
*
.
—;—'
National
Common
i
5-11
■,
:
/
5-11
v
,
-
;
6-
*
$1.60.
(s-a),
Mo'r^e ft 'Co.'
tquar;)-^^^—,-^,-; ■ •
Falstaff Brewing
Corp.,, common (quar*
v•
/ .6% [preferred (s-a)r
.
Canadian Mafconl Co.
(final):f';fff4cf;^f1'ff:;^4-15'"
Canadian Oil Cos., Ltd. (quar.)_,___-1
5-15 ;
• ' ' 25c
5- 1 ■
Capital Finance Corp., 6?# pref. (s-a)_,_^_--— - ^3
7- i c ■6^-28
Telephone & Telegraph (quar.)
Ceptury Ribbon Mills, 7% pref. (quar.)____
Cedar Rapids Mfg. & Power Co;
(quar.);
pref.
Fairbanks
»«•
"!■
*
.
Catolina
7%
Quarterly'.
,
Shares,^^
RR.
Erie-RR. $5 preferred A
Jquar.i,^i^___:««»
~f85c/ r* '7.-15. 777 5-15 f$2c^. ;6--l ;-';f 5-15
L flOc f ■ 6-; l>;fi 5-20
jlOC • 6-'1
Jj-20
X$1
*' 5-11 ^.O
'f
Williamspbrt
:;V:i$5; prefer|,ed^A-..(qu'alr4f2-ii^,_,_,w,-iuS;;':"^;
$5 preferred A
(quar.)___;,u_™^^^ua • -,•
•
)'.<
*-
-
Canadian Fairbanks-Morse Co.,
Ltd.ftirreg.)
Canadian Industrial
Alcohol, cl. A (interim)
■
' /,"■
*7-W .J;,"-)I
7. -
1
,
*
it
Enfpire ft Bay -Stat* Telephone—
• ./,
Wo .guaranteed
(quar.)i
•
_i.
Employers Casualty Co, (Dallas, Tex.)
(quar.)
5-18
^
'
*
.dividend Ta'tp .from 63 to-$3.40 «nct in*
i. Creasing the'redemption price-of iihis preferred
'7\''*7
of Rec.
$17^
„
(irregular)
25c,.
5-25
Industries) (ord.) '(final),' '> a5% 4' 7- 7
Assurance
Quarterly;
Industrial
5-11
5-ii'
•v
75c
6-15 f
-
/
J-
6-1 V :
t$iy*;
<-6-15"
*
6-1
J25C
&
Holders
-share.payable
Quarterly
3%
1-2-43 .12-31
Imperial Varnish & Color Ltd. com.
(quar.) '; j 127ac
6- l'
5-20
$1.50 conv. partic. preferred
(quar.)_____
377ac ?
6- 1 5-20
Indiana Pipe Line Co.
(irregular) ,30c
/
4 5-11
6-1
;
$1^«
Wire
1'
5-154
V
"
-
AMA<vri.\Per« ^i-AW-hen
;
pref, (quar.)
common
pref.
Quarterly
;•
.
Life
7- 6 .v?
5-ii',:t; Indianapolis
5- 6
8- 1
V
$2
$13A
Cahada
57«
,
40c
iff. 50c
Imperial
'
-
V 6-19
■
'
y
12-17
J: 7- 1
$l*/a
(quar.)
10-20
'
75c
$l*/a
shares
Name of Company
,,'
Illinois Zinc Company
Imperial Chemical
A
<
7-21.
15c
)" Cafffornia Packing 6o.f;common^>-^*^Ui-- 7;.:;-.3?(4
Bearer
5-1
..
.
i
.
4
■.
V
Huntington Water 6%
1
5-15
-
.y
Ti17'/vp^ferr^d
5-15
15c
-
;
5-15
-_L£,,,J._j.,L___j;__—.7/t
v
■.
{
Horn & Hardart Co.
(N.Y.)
Houston Light & Power
5-20
l5c
-
>7
*™_*_;_™___,;™__.
1
75c
,
::
"
6-
$114
"
'
;;,:v
;
4-30
Co.,
J$1
.
1803
.
of Rec.
■
5-23
.
.
r,
____™__:___
Holders
'
Payable
•
f30c
■:
f W preferred (quar.)
Duplart Corporatiori-
When
Per»
Shore
r
___
Corporation,-c6mmoni--^L_^i.l_'_-i-^
"
6
Co., Ltd.
Chemical,; commpn "(quar;)_Jf___ui_,.,
preferred. (quar.)X___4____u___^i,^-i
Common
4-30,,
'i
preferred
Dow
i
Wireless
(Holding), Ltd.—~
5(4% preference (final)___-__________™_
Cairo Bridge, "class B
(liquidating)
■
Calgary & Edmontoh Corp., Ltd.- (interimt-r
.
5-
-
Bridge
Dominion-Scottish Investments,
Ltd.—ff.'K ;
.
convertible preferred -(quar,)%/*.^:/Jj;
Burroughs Adding Machine eo.^_^__^__-Butler Brothers, common
'}}%?.",
\
7; 5'%
6-/1
5-25
*'.y SlVirr-'
6-1-- :,'5-i5i '•
(quar;t----r,-~'^'3'5c-'7
68%c'^(« 6- i.ruK,,igii5">/
1
common
$2.79
5
- *,
v«;-vi1 v;'v. 7;':.
Name of Company
•
Dominion
5-V
6-1'
\-y \ "t< •:
i 7/r;,;i.
5-29
•;
;25c 7
v-1
'•
•
of Rec.
"J*
6-15
,
Bros;, -5%- pref.;
Burlington Mills Corp.,
N
Mining
Holders
Payable
<
i
Co.'-((quaf.)f
Bunte
When
t:
share
f.'T.,
Co.™
Sullivan
Per
& FINANCIAL CHRONICLE
preferred
(quar.)
30c
12-
5
preferred
(quar.)—
25c
12-
5
6%
•5%
—*—•
;
6-1
9-1
-
12-
1
12-
1
1804
THE COMMERCIAL &
Per
Name of
Meier
&
Frank
Co.
Company
share
(quai'.)
x
_!
Stores, 7% preferred (quar.)-i-_.:
Merritt-Chapman & Scott Corp.—
Metropolitan
3%%
5%
Midland
$2
8%
Petroleum
Steel
preferred
1
5-15
5-15
6-30X6-18
6-30
40c
_v
common
-6-
50c
preferred
;
1
5-
7-
J
'
45c
1
6-12
IX 6-12
€-15
' *
6-15
v
4c
•
.
•
5-15*
5-15
v
,
,
</■'•
Mills—___—
-
xx-
_
Monmouth Consolidated Water—.;X;
$7 pref. (quar.)
a
Montgomery & Erie Ry. (s-a)__^;
Monroe Loan Society, 5(4%
pref.
Monsanto Chemical Co., common
'$4 -preferred series C—
■
A
-
dividend
shares
$4.50
preferred
$4.50
preferred
Morse
Twist
Mt. Diablo Oil
$2V4
Inc.—
*
'
■
6-1
75c s
America—
X
X
Elec.
$2
6-15
81
Lead
National
Linen
National
5%
&
preferred
National
:
:
_^_
50c
_______l__
'
$4.50
V
pref.
/
pref.
,f
(quar.)
A
*
-
*
■
"
Class
A
Mines,
Adj.
2c
preferred
pref. (quar.)
class A (quar.)
Public
Tire'
5-21
Glass
50c
Pacific
&
Pacific
Fire
Atlantic
5'/2fc
6%
preferred
.
Telephone,
class
$1.40
$1.40
class A
Pepsi-Cola
Petroleum
Co.
Corp.
share
stock
for
Corp.
of
each
five
America
6%
Lathe
Works
(irregular),
preferred
non-eum.
preferred
preferred
Common
•
$1 (/a, : > 5-25
(
$1
—
30c >
<
6-
5-15
5-15
1
6-
>
-
5-15
,
1
6-
30c
,
y
5-29
37»/2c
(quar.)____
5-15
5
1
.-7"5-15
>
5-15,
.}
(initial),
B
(quar.)___
$2(£
■
6-15
37J/2c
-i
5-15
$5
4"20
4-30i '>
y
5-
Quarterly
> 35c p.>7-15 :v>.,;7-13 v;.?'
Sovereign Hivestors- (quar.)—
<
10c ~V 5-20 ,
4-30 »
Sparks-Withington 6%; cony. pref. (quar.)_ V:;$l(4 X 6-15 ; <6- 8
j
Spiegel, Inc.r $4.50 conv. pref. (quar.)—__ v ; $1V»
•
6-15
»
6- 1
>
Stamford Water Co. (quar.),——40c5-15
.,,-5- 5
Standard Gap & Seal $1.60 conv. pref.;(quar.)
>
40c v> 6- 1 v* 5-15 -
^
Canada
Southern
California Water
6%
9
:
preferred
Power,
Ltd.,
com.
5%
(quar.)
pref.
,
(quar.) > ,/>: 120c
> 5-15
(quar.)
,
31 (4c7 6-T
Ui—.— •;<.<< 37(4c«-X 6- 1
Insurance^ Co. (Dallas)-1-.,;:
...—
$$l3/4
5-15
'
5-
9
-
:
.
vf
5-15
6-20
50c
f.-
:
4-29
1
5-15
7-
50c
$iy4
4-29
6-
1
■!.
75c
5-15
25c
7-
$l«/2
>
25c
1
1
7-"' 1
6-
.
25c
6-
6-
1
?
Stanley
4-20
-
'
6-15:1
•"
6-17
5-15
5-11
6-15
•
"
'
5-31
6-15
Works,
Stecher-Traung Lithograph—
5% ; preferred
(quar.)
'5% ; preferred
(quarj
5-31
•
Stein
(A)
(quar.)
(quarJ
Products iDel.)
(quar.)_
-
••
6-30
J75c
5-15
:
>
10c
■>• 50c
•
6-20
■
5-
-
5
5-15
4-25
7-
Struthers
6-15
1
'
5-
5
8-15
8-
5""
35c
11-15 '*11- 5
2-15-43
"$134
.
6-
5-15
common
5-20
5-
9
dividend
Corp.
5-11
..6-1
50c
stock
$1(4
^
.
Petroleum
^
held)
'
common
>
.
20c
$1(4
50c
'5-15
*
2-5-43,-
l'"<.
4-17
!
'8-
1
5-11
)
6-
1
5-11
6-
1
5-
8
$1.25
Sullivan
5-15
35c
prior
*
preference
40c 4.
Wells-Titusville
40c
5-15
....,
'25c
95c
,
(quar.)—
.6- 1
-
r.
:
,
preferred
(quar.)——
preferred
(quar.)—;,..' $ 1(4
$1(4
—-
6V2% preferred (quar.)______________—,
Sylvanite Gold Mines (quar,)__—Talon, Inc., 4% preferred (s-a)__,
Tampa Electric Co., common___-_,-.-
.
*
Milling Corp. (irregular)____________
Teck-Hughes Gold Mines, Ltd. (interim)
Terre Haute Malleable &
25c
/J 10c
Mfg. Corp.. (quar.),j•
X
6- 1
6-30
-
?>''
$1
1
,
I
6-
1
5-15
1
7-18
v
6-10
9-19
X
9-
9
7-20
:
-.
10-10
6-10
5-25
t$l
t25c
6-15
5-22
6-15
5-22
6-
.-:
7-10
10-20
{10c
5-15
.
;
Worts, Ltd.—
pref
t96(4c
1
6-15-15
"..V'X>", „
5-11 : 4-30X
/
-
•
7
6- 1
7 5-157
6- 171; 5-15
■
$2(4
50c
7-
1
6-15
$1(4
*7- 1
$l3/4
5-29
25c
5-15.
$1
6-15
5-14
5-1,
.
5-15
6- 1
,
•,
6-
IX- 4-15
6-
43%c
5-15
5-15
4-17
5-15
4-17
25cX 7 6-12
.
1
$1(4
$l3/4
,
7. 5-22
;
,
,
v
,
$1(4
5-15
.
15c
,
5X1
5-15
X 5-
25c
X 6-15
X $1
7
5-29
5-12
5-29
5-12
50c
Products
6-
50c
Xt$l%
____XX
5-27
1
5-11
6-15
;
5-29
7X7. 1
$1
7-
$l3/4
30c
6-12 X
1
6-15
7- 1.,.
-
X
7,
5-15
6-10
>
35c
common-
(quar.)
,
9
$1
Co., common
(quar.)'—
>
^
1714c X
> 5-
5-16
/
6-15
.
&
1
Baumer
L__
'
,>X
X
$1
,
8-
1
7
7-15
-
$l>/2
Tube
(F.
Co., 7%
W.)
pref.
(quar.)______
Co
11- 2
X 10-15
$1
—
Extra
11-2
10-15
$l3/4
'.
preferred
&
1;.
1
4-20
Xs
X<X
_X
___VX
3%
.
75c
,7.6-15.
7- 1
•
$1%
Co-operative Mercantile Institution— XX«v>.
Quarterly
X
50c
Quarterly
50c
Quarterly^
.7. 50c
•
i
t
/
6- 6 v" 5- 5X;
5-30;5-20v
5-23 'A'
.
10c
>
v
5-18
6-
'>
40c
Tube, common
(quar.)
A
6-
6-
67/
XXX'vX X/:x>
6-15
r
; ;
<
6- 3
,
9-15*
12-15
——
9-5
12-
•Transfer books not closed
5-15
.-5-15
.6-
1
5-15
5-15
-
5
*
tPayable
in
resident tax,
?v:"
5-15
Canadian
.
/\Vv;',7;y',';X\
deductible
a
at
Less British
the
..
7;X. :X>
source.
income
<.6-30
^
Non¬
taxXXX'X
Auction Sales
;
>5- 9
-
4-16
;
tax
:
•-.9-21-
*
funds,
15%; resident tax. 2%
-
.12-21.
:
for this dividend.
tOn account of accumulated dividends.
>
;
5- 4
-
>5-4
.
;
Shares
2,000
-5- 8
>->5- 8
Transacted by R. L. Day &
Co., Boston
May e.
;
/.
100
>:,x;/,'\
(.
;
•
7
•
Tecumseh Gold Mines, Ltd.
-
Indian- Orchard
on
>x;v>
X.
Go.
..
Wednesday,
x.x
Price
..
(pa£ $1)
$5
6-20
200
Associated
Textile
-
lot.
_—
.
15c
.
k
5-21
1
6-20
'
,
7
,12- 1
$1%
(quar.)
preferred
1
9-
8-
•
Snowdrift
prior
5-15
6-
6-
,
20c
:
preference
6- 2
9-10
•
$1(4'
-
6-20
^
.
5-15
v.'
,
6-10
,
$1%< > 12-10
•
______
.
5- 5
4
'5-15
'
r
> 5-14
—-
5-15
y
10- 1
1-2-43
$134
6- 1
'
:
37(4c
Zion's
5-15*;-.
'
7- 1
f
$1(4
,X5c
20c
45c
—.
(quar.
Taylor
,
5-15
5-25
6- .1
.
...
6(4%
conv.
5(4%
•
t
Corps—:-kt62(4c
>
5- Itj
,
7
-"
r
.■
$1(4
—.'
;
X
$3.85
Youngstown Sheet
>9-16
X
9-20
12-21
$l3/4
______
-
12-17
X €-20
$1
$l3/4>
common
'
'*
1
1
6- 1
______
Woolworth •& Co., Ltd.—
6% ?preferred registered
(s-a)
Wurlitzer (Rudolph) Co.—_'_
5~ 1>;
■*'■""*
12-29.
10-
50c
;
(quar.)__
(s-a)__^
Chlorine,
Woolworth,
-
1 v>5-21
6-
,*
•
6%%
A
-
,
6-. 1
.
-
50c
/
Co
pref.
(quar.)
Quarterly
•
6-16
5-15
-
<
25cy 4
Swan-Finch 6%
pref. (quar.)———^-'.,<1 37'/2C
Swift International Co., Ltd.
deposit receipts v.X_
Quarterly
J.
50c
Sycamore-Hammond Realty—
•
Preferred
:
*: *
6-26
9-28
6-22
5-14
■
X $1(4 >+>l2'3V
,
&
conv.
Wolverine
<5- 5 :r
-
5-12
■
•
.
r
6- 5
•
7
———
preferred V_—
Machinery
6-15
*";; '■
$1V* ■:X 6-30
______<:-.,$ 1(4
9-30
—_
7%
>
5-25
-
\
5-15
>
\
(Wm.), 7% preferred (quar.)
$1% X 7- 1
6-13
Candle Co., com.
(irreg.)
10c X 5-15
5- 8
Wllliamsport Watef, $6 preferred (quar.)__ .X
$1(4.
,6- 1 .7> 5-117
v
Winters & Crampton, conv.
pref.; "(quar.)___ * 18%c
X 5-15
4-307 ,
Wilsil, Ltd. (quar.)
>.
—;
7 .425c
X 7- 1 .7 6-15 7
Wins ted Hosiery Co.
(quar.)
$l»/2 7/ 8- 1
7-15 y
Extra
Will
•;>
(quar.)—ZVAcJ.y 5-15
—
.
5r 5
1
<
;:;>X(
>
A
6-
-
,
y i-;r
Sterling
(quar.)—_________
Stonega Coke".6s Coal
Strawbridge & Clothier—
,>
■'.<
6%
5-15
r
-
.
——
35c
>.
Works—
——
& Co.
..
--•
50c
.
4—4
5%: preferred
5% '• preferred
5-11
'
$1
$3
20c
.
Acid
—
Extra
4-30
*
'
$l3/4
—
Quarterly
4-30
'
I
35c
'
Go. ' (quar J
Phos. Sc
.
1
•
A
_____
Stoker
Wholesale
4-30
5-15 >
'
Standard
Standard
8
1
7-1
7
White; (S. S.) Dental Mfg. Co
.
Corp., common—I
6-15
5-15
5-15
>
Standard Silica
5.
37Vac
!
-
-
$1
Whitman
,
5-19
3iy4c'
r
5-26
5-15
t$iyi
quar.)_
"
5-20
J
50c
*
5-26
-
6-20
-
5-1
> 7* 2*'
v*7-
(quar.!---———-—$l8/4
Paper
7%/preferred
■:
S-20
1-1-43
XX $1(4
Whitaker
•»
.•'>
•'
—
5-15
•
>
6-15
•
(quar.)__—_____________
Wheeling Steel Corp.,
y
5-15
Southern
:
6*15
X v#-
•«.
62(4c
(quar.)——________________
Oil
Westvaco
XX>
5-20.
11-30*
1
6-
62(4c
-participating preferred—
Weston Electric Instrument
5-15 ■>
•
,
37V2c
——;
(quar.)
> 6- 1
t
.;-.8-31*
7-15
62 (4c
—
7%
Southwestern Life
(increased)
Bend
5-25
(quar.)
Electric,.6% pref. (quar.)
«7% preferred (quar..).____
West Virginia Coal.At. Coke (Irregular)— X
West Virginia Pulp. Se Paper Co.— <
6% ,preferred (quar.)_^
Western Util. Corp. 6% conv.
pref. (quar.)
Westinghouse Air Brake Co
Westinghouse Electric & Mfg., common-
^
5-1
•
4.
(quar.)
50c
-r~T—v.
5-29*
:
<
>
6-20
25c
West Penn
-4-30
5-28
7-
*
tlVs
"•
—
f
preferred
$1.75
,
(quar.)
preferred- (quar.)__
common
.
f25c
(s-a)________
of
Co.,
(quar.)_
v
.•
(quar.)
Co., Inc.—
>
■
■
7
$4. convertible preferred
(quar.)—^
West. Michlgaa Steel Foundry Co.~-s
7% .preferred
(quar.)>.
—_7—_____
.
6-1
_•
—__
shares
•>
Pulp
preferred
6%
'. 35c
atoek
(quar,)——_—$laA X< 5-11
Corporation. —^
5c.
6-25
Co.
Detinning Co.,
Wesson
-
}2V^%>'
,
Oil
4-30
6-16
343/8c
Philadelphia Suburban Water,
Phillips Petroleum
7-
.4-30
5-11
.4-30
.
Wayne. Knitting Mills, common (irregular)
6% preferred (s-a>-7
Lm
Welch Grape Juice, 7%>
pref. (quar.)
Wqntworth, Mfe. Co., $1 conv. pref.
(quar.)
.-j,
5-11
25c
.preferred
Soundview
"
"6-15
:j
30c
.
5-1
___________
Consol.
(quar.)
.4-30
5-15
-J $1% 'W'5-20
fquar.)—$1(4
Washington By. & Elec,' Co.X* 7X
X/S#!/preferred. (quar.)_—X__——,7/ $1(4
,
5-15
(quar.)
of
X
—-
common
4-30
5-15
$1
:
;
Warren Pipe & Foundry
Corp. (speciaD_.,_
$7,14
Washington Gas Light--t 7/. >>;:•••
^XX-X-X "7:- >'•
$4.50 convertible preferred;
}
' 6-15
>
5-29
5-18 7
X " X
5-15*
X
■
t$l
(quar.)'—;
$1 preferred (quar.)
Warner Bros. Pictures,
5%
1
20c
(reduced
(irregular)-.
of America,
Electric,
A__
Corp., Common_l
preferred
Common
5-14.,
0-
•••
-*X'
t$l%
7-, 2
.*
—
&
•
preferred
Amulet Mines, Ltd.___
Walker (Hiram)-Gooderham &
5
4-30
5-29
X
6-15
6»
''.X>X>.
.
7% preferred
.1% ..preferred
4-23
..
7X6-15
30cX
:
Waite
4-24
"r 5-15
•
5-25
•
6-1
,
$i>/2
(quar.)
class A
Co. 0/ Canada-—
(quar.)
1 >
5-25
8
5-9
6-20
vioc
Insurance
Common
,
6-1
•
$l»/2
-.{$3
Fennsylvania State Water, $7 pref. (quar.)
Peoples Water & Gas Co., $6 pref. (quar.)__
(One
$2>/2
5
>6-
6-1
6-10
preferred. (Quar.)Xji«X,X___X"»'■
Vulcan
5-11
$5cX.X 5-29
covering period
r Dec. 31,
1941 to June 1,. 1942—__j £<
Southern California Edison Po., Ltd.-—
4-25
25c
122c
5-
5- 8
•
7-10
7 % preferred
(quar.)_______x____,-_i._w
Virginia Coal & Iron (irregular)
Vogt Manufacturing Corp._L_i—;
Virginian Railway, 6% preferred (quar.)___
r
5-6
4-15
5-19
5-19.
50c
12(4%
BDeietyXIPhila.)
Vapor Car Heating Co.,
7% preferred (quar.)
>4-30
6-10
Co., common
____—'75c
AAA (quar.)$1 Vs
(quar.)——*
2nd
4-27
pref. (quar.)„_-_
common
(quar.)
A
4-25
5-11
5-22
(quar.)
$1.40
6-15
5-
!
pref. (s-a)___
Penman's, Ltd., common (quar.)
Peninsular Grinding Wheel Co
;
class A
(quar.)—____
(interim).—___
Southeastern Greyhound Lines, com. (quar.)
6% conv. preferred (quar.)_______
5-20
;
5-11
*
?
—
Power,
South
I .«•
5-15
•
(s-a)___,i
—
$1.40
._
75c
5-15
$l»/4
(quar.)—$1%
7-20*
5-15
J37c
' 50c
Van Raalfce* Co., Inc*
eommon_____________
7% .'1st preferred
7-20* '■!
8- 1
5-11
X
(extra),
Vanadium-Alloys Steel.
-
50c >><>5-15
*
X
6-1 >> 5-20
7-l
J'7 $1>K.
1
6-1
,,
$4
5-28*
i
8-
XX-_ >1. ,20c
6-
•
-
$1(4
Sherwin-Williams
7%
.
,
6-12
Williams
Sopotone
1
IZ,
—_
—•
(quar.)—
Mines
7% .preferred
6-20
6-10
Casualty Co., 6%
Peninsular
Co.
45c
6-
5-15
75c
—
-
,
;_
—__—X
Silex Company:
5-9
5-
5-15
-:
Paton Manufacturing, common
7% preferred (quar.)
Peerless
'
30c
(quar.)___„
(s-a)
>
20c
Co.-(quar.)-
preferred
1
t37V2c
_!_f
Parker Rust Proof Co., common
7%
7-
7- 1,'
5-20"
Co.
Knitting Co., 5% prior pref.
5% prior preferred (quar.)
5%. prior preferred (quar.)..
Van Camp Milk Co.—
'
'
4-30
1
'
.
t
1
4-30('
6-15
t$2!4
Utjca
(quar.)—XX 2^c X 6.-15 X, 6- 1
Sioux ;City. Gas
5-11
t87y2c
t4334e
(quar.)
preferred
Pen
5-25
5-15
(Del.)
&
5% -preferred
6%
(quar.)-__™_^__
Lighting Corp. (quar.)„____
Paramount Pictures. Inc., common
(quar.)__
1st
6-10
5-* 9
7-21
6-
;
_
-
5-rlO
6-15
9 >
5-15X-'
Upper Michigan Power & Light, common—
X; $5
5-15
6%. preferred
<quar.)^___75c
7-1
6% preferred (quar.-),
75c £ 10- 1
6% preferred (quar.)
;
75c
1-1-43
•
(quar.)____
Co.-——
Sherritt-Gordop
\
4-30 .-*
5-25
20c
$iy«
preferred
6%
5-29
r v
\
Pacific
Parker
•
Sherwin
6-1
50C
Co.
Servel, Incorporated
Shawinigan Water &
.
preferred—
(irregular)_
Co.
''
-'25c
Oil
5-20
5-19
/
$1%
Telegraph
common
Surety
Sears Roebuck
4-28
;
6-19
$1
Seaboard
Seaboard
6%
(interim)
Co.,
1
1
11-2
5-14
'
/
1
6-15
.6-15
'
_—t6834c
(s-a)1 X22(4c
Light & Power Shares (Del.)— > '
' >.
convertible
Universal
pref.
preferred (quar.)
preferred
(quar.)
Sootten Dillon {Co.
(irregular)
1
v.
Insurance
11-16
5-20
5-
11-10';
5-15'-
v: 6-
—3c
S. Steel
$5
.5-15X
5-15 >
5-22
8-10
com,
(quar.)
7% «preferred
5-15
1
$1
$1(4
z.
United States Sugar
Corp.—
~
:6- 5
8-
preferred
Loan
6%.
U.
5-20 X: 5- 9
,
$4.50
8-1..
\ 6*15
*
6-
•
'
5-1
1
-
'
preferred
t
8
0-
8-15
50c
'
preferred
Pacific Gas & Electric, 5%
second
Scott Paper
v
5-11
5-
-
5-15
-
6-1
•
_
' 25c
(quar.)—
Otis Elevator Co.,
common______
6% preferred (quar.)
$5
;
6Vi
5-11
6-15
15c '
,
>
$l«i
preferred
Marjne & Mfg.
5-20
5-
25c;
4-22
;
•
6-15
preferred
4-22/
11-14
Foundry Co. (quar.)_^______;.
50o
6-20
Quarterly, ——v. • ■ ,50c.-7:9-19
Quarterly- >_P—i._w,-X,v
50c
12-19
U. S. Playing Card Co.
(quar.)
50o X 7* 1
U. -S. Printing' «Sc
Lithograph Co.—
X'X- >
■
(s-a)_————4 "
$lJ/a',--"X 7-.1 X 6-15, ;
(quar.)
——$W. > 6- 1 ■■ " 5-11 ■Savage •; Arms. Corpv___—.—___,■
XX' 50c ~ ,;5r2l V 5-11' ■;
Schumacher Wall Roard—
r
X
X
>
$2 participating preferred (quar.)
50c
5-15 ;
5- 5 /J
,
5-22
•
1
v 6- 1
_____
O'Connor, Moffatt & Co., $1.50 class AA____
Ohio & Mississippi
Telegraph Co. (annual)
Okonite Company 6% preferred
(quar.)
Ontario & Quebec Ry. common
(s-a)
Paper,
6-10
$2y2
1940
Owens-Illinois
7-15
5-21
$l»/2
5% perpetual debenture stock
Ontario Steel Products; common
3%
6-13
50c
1941
Okford
i
*
6-
$iy2
(irregular)v!^>>
Dec.
.
Shops,
St.- Joseph .Water 6%
1
$1.27'/2
(quar.)a-i
31,
Outboard
1
5-15
7-il;
>
8-15
•
25c
7
■-Extra
U. S. Pipe &
4-25
4-25
%
25c /
«>nv.
*
•
f$l
quarter ended Mar. 31,
Norwich Pharmacal Co
Occidental Insurance Co.
(quar.)__
7%
8-
$iy2
*
ended
Saco-Lowell
$1
'4-30
h
1
5-15
25c
.
Casualty/ conv.7pref.
U. S.
5- 5
5-15
35c
62(4c 'i
cqmmonl^_-^--___—___
X> 25c ;
preferred (quar.)_T—25c
Safety. Steel .Scaffolds 1 (Wisc.)__—— / v'v- 10c,
St., Louis Bridge. 6% first pref. (s-a)-_—X_- $3 :
**
'
6-
$1(4
for
quarter
'5-
35c
•
J,,
;
5-15
<
8
fquar.>___XXX; $2(4
preferred.——- X t75c
•5.wSeries B
,
"■
5-30
5-15
>
(reduced)
$4
',-
& Rubber, 7%
for
3
5-20
■'
68%c
Rustless Iron A Steel, common (quar.)______
$2Vs convertible preferred (quar.)__l_____>
5-29
>
"
$1%
(s-a)i_—___________
Declared
*
..6-1 ' >5-16
50c
$1V4
(quar.)
6% preferred (quar.).____-;
Northwestern Telegraph
Declared
6-
1
pref. A (quar.)
(reduced)—
com.
Rubenatein, (Helena.), Inc., class A
(quar.)- >
Ruud ;Manpfaqturing. Co. (quar.)———
7-31
5-15
$1(4
preferred
Norwalk
6-
5-15
:-;i
—
Service-Co.—
;i
B
Tobacco
5-22
Xv $5
^
$2.75
U, ,S.
,
5-20
6-15
$2 i r
t
$6.50
7%
1
6-13
"
50c
■-
Ins.-: Co.
10-20
8-15
$1(4
.-
North River Insurance
(quar.)___.
Northern Pipe Line (irregular):
Greyhound Lines-*-'
Northwestern
6-
-
-
(R. J.)
$7
Improvement
U. S. Electric
"'
5-29
*
,
*
'5-13
$1 '>•
5.10%
Life
6-15
a
X
J. RR. & Canal Co.
Public Utilities, $3
United
Rochester Button, $1.50 conv, pref. (quar.).
37y2C
> 6-1
5-20
Rochester Gas & Elec. Corp.—
;* " '
•>*
X 6% ^preferred'
!'C'':'(quar.)____—BlMt 'V'M i>:'v>5-'2 ' "
6% .preferred "D"
(quar"*}$1(<4 ] '6- 15- 2
5%. preferred
"I|'<')(quar.)>__X_X—$1 Vsi'i-';|6-• I*-%A5-" 2-;,'
Rolland Paper, Co.,. Ltd. common
(quar.)—
" J15c
5-15
'5-4
6%
preferred (quar.);
t$lVa ,7
6- 1
r 5-15
Royal iBank of Canada (quar.)^X--XXi—* XX
J$2>., '6-1
'4-30 ?
7-22
'
'
'
preferred (quar.)______
Northwest
Bancorporation •(irregular)
1
>
-—
common
4-30
1
75c
(quar,)
Natl.
Class
5-12*
-
6-
Northland
Northwestern
t$ls/«>
<
Gas
preferred
Extra
-
5-15
'
10-30
25c
Elec.
Ry.,
1
6-15
•
(irregular)
Ltd.' (interim)—
Norfolk & Western
(accum.)i_ :
Corp.
United N.
5-21 >
4-16.
-
1—
United Molasses Co., Ltd. ord.
reg.
,
11-10
-
V 5-15
$iy4
(quarterly),
•
Mills
Noranda
1
6-
$iy4
'
A; (quarterly)
Nonquitt
.
"A 5-22
5-
,
:4-24'
'
8-11 >
5-14 ; '
5-20 -
v
25c
5-14
>
$3c
1
(reduced)__
,10c :rp 6-30
5-29
$ll/4 •: 6-30
5-29
(Del.)—
6% prior preferred
(monthly),,:
50c
C6« 1
' 5-15,
6% prior preferred
(monthly)
50c
7- 1
"
6-15.
6.36% prior preferred'
(montWyh--X<r-X4'Xv; 53c.
6-;lr>>5-13
6.36% prior preferred
(monthly)_________ X
53c \%7- 1
6-15
7% prior preferred
(monthly)
58(4c
6- 1
5-15
7% prior preferred
(monthly)___________
58(4c
:"7- 1' ;'
6-15
United Merchants & Mfrs.
(s-a)—.
50c >76-10
5-25'
$5
Reiianpe Steely $1.50 conv.>pref. >(quarO —$ 37 Vac X <' 6-; 1
5-22 >:
Republic Investors PUnd—
",v>
v.
,"
.6%t preferred A
(quar.)__r___r*-r-------- ::f 15c8-".l'.X' 7-15 '
6%. .preferred B (qqar.)—X__15c
:X 8-''l"
7-lS^ '
Republic Petroleum Co. 5'/2%
1
—.
■
pref.
Reynolds
-
Lt. & Pow., com. *
(quar.)_
New York
Shipbuilding Corp.—
Founders' shares (irregular)
Participating stock (non-vot.) (irregular)----
Class
6'/2%
Co.,
5-8
V 5-29
$1
preferred
,
Grain
8-7
2c --8-
-
>•
-
(quar.)
Jersey Zinc Co
Hundred Corp
>
6-
"
^
Gas
United
5-29,.
<
4-23
XV
-
4-30
v$l»/2 *X6- 1
(Dallas)__X r " 25c
'
5-15
>'
United. Light & Railways
^
5-14
,
$13A
-
-___—
$5 convertible preferred
:
'
'A
5-15
'
$iy«
(quar.)™__.^.:
;
Y. State. Elec. & Gas,
Reliance
•'
5-15
5-25
25c
-
s
(s-a)
Queens
1_4 '>•^
6-1
12-
$1%
(quar.)
pref.
Common
&
(quar.).'
•
9-1
lc
Corp (irregular):
Newberry (J. J.) Co.,-5'/o pref. A (quar.)_i
Newport News Shipbuilding & Dry Dock Co.—
Nineteen
1
15c
;;
Almaden
non-cum.
5-15
—
Corp. (quar.)
Co., 5.% pref. (quar.)
Brothers, Inc. (quar.)
Neptune Meter Co., 8% preferred
(quar.)__,
N.
'
15c
Steel
York
United
5-11
5-11
/XS-IS.-'V
■
25c
Additional
of Rec.
6-T
>
90c-
(quar.)
(reduced)— X
,,
-
5-2
5-22
15c
-
Neiman-Marcus
$5
*
:4 5-15
5-22
v-->
••
10c
1
15c
5%
conv.
preferred (quar.)
United Chemicals, Inc. $3
pref. (quar.)___\_
United, Corporation,' Ltd.; $1.50 cl. A- (quar.)X-;
United Engineering &
Foundry com. (irreg.)
7% preferred (quar.)
.
''
5-22
50c
'
-
(quar.)
-
Type Co.—"
New
6
Real Estate Associates--—•
5Qc" •
5- I
Repd-prentice Corp., ,7% pref, (quar.)——_ - 87,/ac
: 7- 1 X_ 6-17 V
Regent Knitting Mills, Ltd.— V"
$1.60 nop-cumulative preferred (quar.)__
J40c
6-1
5-15
$1.60 nop-cumulative preferred'
(qUar.)Xl/)v>s.t40c'Xrw9-*l^'vX8-i5T:-;:
$1.60 non-cumulative preferred (quar.)__
t40c
12- 1
,11-16
*
9-17
)
5-14
r
$1
•
-
quar.)
New
Common
•
6-1
"
75c
•
'
.
Neisner
New
5-15
-
-
6-27 x7 6-18
f
.,:7
(quar.)v>''X$i,A'r""?6-
;
com.
Holders
Payable
$l3/4
'.
Union Electric
(Mo.), $4.50 pref. (quar.)____
"$ll/B "
$5 preferred', (quar.)
X>$1(4 '
Union Gas Co. (Canada)
(quar., J20c
United Aircraft Corp. common
1;5-15
' }25c ^ T5-251
—1—X_—:—•:>.>> $6
Reading Co., 4% non-cum. 1st; pref.(qtuar.)*X ' SOc
When
.
tic
Mines
Additional
-
Service
Paper
1
(•
-
Quebec Power fCo, (quar.)L
—«;«,
Quincy Market Cold Storage & Warehouse—
>. Initial'
l'X'5-15
6-
<
•
t$38.50
(Bait.)
Co., '7%!
6-
•
1
6-20
>
-
•
Gypsum,
6-
1
$1%:X 9-28
Quarterly
National
6-
'
share
y
Troy & Bennington RR. (s-a)
Troy 8f Greenbush RR. <s-a)
,
6-20
7-1
.7-
xt81(4cx
(initial)
Welding Machine Co.
National
5-15
5-15
.
(quar.)__—
;_____
Bearings Metals Corp., common..
National Biscuit Co., 7%
pref. (quar.)______
National
i:
6- 3
XX: $1(4 X:-12-2812-17
;
(reduced
'
t37J/2c
Gold
preferred 7 (quar.)
Trinity Universal Insurance Co.
,;
\
(quar.)___
(quar.)X„"__—'>*'
1st
$6
•.
—$1V4 %{ €-15 .X 5-15
preferred (monthly)
:
50c
5-15 '*
4-15
preferred (monthly )______•—
X > 50c X) 6-15
•; 5-15
•"
7% preferred (quar.)
__rX" $1%
,) .6-15
5-15'
8% preferred (quar.')____Z
—_—4 JXX $2
.♦ 6-15 r'"; 5-15
Quaker Oats'Co., 6% preferred (quar.)__>__*' .$iy2> ;
5-29 X
5- 1" '
Quaker State. Oil Refining_-^_____w_X_X_v> •'
>'25c ;' 6-15 " y
5-15
$1(4
<
(quar.) _X
Co.
class A preference
pref.
Xy-
Oil.
Extra
6 %
5-16
1
X
-
•
C
Credit
Co., $1.50
Assoc.
Tr^ne Company,
,
7-
&
7%
(quar.VX
Co';,'. $3.60'preferred *(quar.)-.XX-',
Water
Toburn
5-18
•
.
•
25c
preferred
A
4-17
1
6%
4-30
6-15
»
•
,
National
Class
Tide
5-15
Public Service Corp. of New 'Jersey— :4:y>
$5 preferred' <quar.)
12-31
6-10
-■*<•«•»>
•
National Acme Co. 1—L
National Automotive Fibres 6%
6%
preferred* (quar.)
National
1
1-2-43
15c
>,*
_
preferred
2nd preferred
6%
1
5-19
lc
.
:
.
6% preferred (quar.-)__—x
>•__■
Nanaimo-Duncan Utilities, Ltd.—
class
1
25c
.
-
1
7-
10-
1
30c
preferred (quar.)
preferred (quar.j
com.
; 5-
1*
10-
________
7 (/o
5-15
7-
-
•■>' 5-15
(s-a)
-_i_;
Manufacturing,
9
>
Muskogee Co.,'$6 preferred (quar.)
X: $1(4
Muskegon Motor Specialties, $2 cl. A (quar.)
50c
6(4%
preferred
Nashawena Mills
9
•
--
<
Mining k Develop. Co. (quar,)
Supply Co. (Utah) {irreg.)
1
65-
$1(4
pref. (quar.)____
Munsey Trust Co. (Washington, D. C.)(quar.)
Nashua
<
•
5-9
1
$l»/a
(quar.);
of
15c'•> 6-
t
5-1S
.
1
'
$iy2
<•
__
6%
9
6-
$1(4
L_
Mountain Producers Corp.
Muncie Water Works, 8%
6%
y,■
-r
,
>-• 5-
6-
-
$2
j'
x
(quar.)
_____
Mutual Chemical Co.
(quar.)—r_
1
5-23
__________
'x
Machine.—____
Extra
1
4-30
1
6-
>
t
X/X 7X;>XX.X/HX.X
$2V4
—
Corp.
Mountain Fuel
pref.
conv.
.>*.
...7: a6%
5-12
7.'";,>Per
Name of Company «"..••>
Haute Water Works,
Texas Pacific Coal & Oil
Thatcher Mfg
Electric Power, 5Va% pref. (quar.)
$13/#;"- 6- 1
-'5-15,
preferred (quar.)
SIVa T
6- 1
) 5-15
Steel Car Co., Inc., com.
(resumed)
25c:->f 5-12 i:" 4-24
5% 1st preferred—
'
:___ >V V 6(4c
5-12 ,v.X 4-24
5%
2nd preferred
> 62V2c >
5-12 V" 4-24
Privateer Mines, Ltd. v ^interim)
>4 - 13c
5-10
> 4-25
Proctor & Gamble ' (quar.)
50c >• ', 5-15
4-24*
Prosperity Co.f 5%. preferred (quar,)______
$iy4
,
7-15^: 7- 1
Provincial Bank of Canada (quar.)!
$iy3
•
6- 1- ^ 5-15
Provident Loan, & Say.
Society of Detroit— C ;
-"
Common (quar.) ___—'
15c,
6-10
5-20
5 Vi% conv^. preferred O (quar.)
$1% >
6- 1
5-20/
> > 5% conv.; preferred D
(quar.)_________^. ; / |ly»,'<■'.5* I" ' ■ 5-20 ;
Public,Service €0.
Indiana—
Common '< (quar.)
5%. preferred (quar.i
—:___v.C$iy4 ; ■ > 6- 1
XX 96c X' 6- lX-5- 9
X_
Service,
Drill
60c.
U->lt87%V.
shares) ..(final)—„
6-29'
^:vX.-r
.:>•.>
.v.-.
Terre
6%
X 5-26
6-
••
Monday; Mayf 11,"*1942
,
;
Pressed
X>/-
(s-a)__i—
_
Motor Finance
(Amer.
:5-12
.
Dry Goods Co. <quar.)___;
__
X 5-
5-11
50c
(s-a)
preferred
(W. R.)
1st preferred
i
Potomac
I, 5-25
6—1
34%c
>•
1_____>
A
Investors
Quarterly
Quarterly
June
(s-a)
Participating
Moore
to
B
preferred C
Moody's
6
Poor
4-15'
>
8
5-15
17.V4C
.-
(quar.)^._
(quar.)
5
i Ji XX:--;.'>
«
$134
35,000
adidtional
March, covering the
in
March
6-
'
5-
«
5-25
•
50c
;X';
the
>
on
sold
period
$4
5-15
"Corp.-(irregular)20c
Carpet
7%
—~25c";
—
;
..
.___
Mohawk
25c,^::'6-29
■
-
Dry
w;''r
/
6-12
7—1
$2
(s-a)____
8%
preferred (s-a)
Minneapolis-Moline Power Implement Co.—
$6 preferred
:
Mission
Company
When± Holders
Payable of Rec/*
y
Pitney-Bowes Postage Meter Co. (quar.)
*
,
10c
5-20
5- 1
Pitts. Bessemer & Lake Erie RR. Co.
(s-a)
75c"*- 10- 1
9-15
Pittsburgh Cok? & Iron Co., $5 pref. (quar.) * >
$l1,'/4 ' - 6- IV
5-20*
Pittsburgh Steel, 5y2% prior preferred___'__
f$2% ?-r' 6- 1 '5-19'
Pittsburgh Suburban Water Service—
r
$5.50 preferred (quar.)—
<
$1%
5-15 T ' 5- 5
Plomb Tool Co., common
(quar.)
15C 7.5-15
/ 4-30
Common -(quar.) ,__v
15c r
7-15 -/ 6-30
Common (quar.)
-10-15 Cv 9-30 V
Plymouth Rubber, 7%- preferred (quar.)____'
$l3/4" •
7-15
; 6-18
7—1
50c
_'
___:
common
-
93c
...Per
•
:—
Hosiery,
Piper Aircraft,
•
.
Mills, (quar.)
__w—*
Pinchin Johnson
5- 5
-
Flour
Extra
Phoenix
26c
£
-
•
(quar.)
Co.,
6-
Name of
i
Plllsbury
'■>'
25c. '
-
(s-a)
(irregular*
Products,
preferred
Oil
2nd
(quar.)
non-cumulative
Midwest
<-x
•
-
fv
1
■
preferred
Mid-Continent
t$l(4
•
Coal—
non-cumulative
1st
:
i
<
•
-
4-30
5-15
•'
-
5-
FINANCIALXHRONICLE
-
of Rec.
$-15
-
$l3/«
1
Holders
Payable
15c
Mercantile
6(4%
preferred A__^
Messenger Corp. (irregular
When
Cos.
common
l. lot 7
25
lot
-
Volume 155
Number 4071
•
THE COMMERCIAL & FINANCIAL
CHRONICLE
T HE
C 0 URS EOF
BAN K
1805
CL EAR IN CS
'
Bank clearings this week show an increase compared
with
a
year
based upon
We cannot furnish
ends
-Preliminary figures compiled by us,
ago.
the
above
the last day
estimated.- •
- :
country, indicate that for the week
Saturday, May 9, clearings from all cities
States from which it is possible to obtain
ings will be 24.4% above those for the
we
week last year.
and
ended today,
of the United
weekly clear¬
corresponding
Our preliminary totals stands at $7,-'
1941.
At this center
there is
-In
1942
Chicago
St.
118,340,519
,
„
;
Francisco
86,800,000
150,771,000->•.
+-
133,428,000
174,137,493
'
195,430,764-^
Pittsburgh:,.---..-^-.*.
Detroit
285,972,257
398,000,000
205,910,925
92,135,333
103,400.000
City
Louis
San
'"r
*
121,542,924
106,995,322
>
+20.2
$2,427,404,152
470,000,000
270,040,701 '
„
Boston
•
the
following
£-£_+
Baltimore
Eleven
---ii
140.750.707'
•
cities,
live
days
days
+18.1
Week Ended
+31.1
+28.4
+ 19.1
+13.0
+.43.3~-V "1 + 82.7-
cities,
five
Tot. all cities, five
All cities, one day
104,644,066, ;
76,192,126 '
*
'
89,340,953
-
.
$5,008,941,740*
1,146,130,595
days
$6,155,072,335
Total all cities for week
i
■
•
•
$4,039,025,105
v
911,755,895
'
2d
3d
Cleveland
Richmond
Atlanta
7th
I
12th San
Month of April
1942
shares
;
;
1942
Bonds
11,185,760
37,096,551
bonds
•
A
$162,310,500 $194,885,000
—-
$766,198,000
$715,960,000
*
,
11,156,000
13,089,000
544,650
1,497,000
45,674,000
7,845,000
'
:
•
1st
.
$174,011,150 $209,471,000
$815,377,950
Boston
1941
1940
1939
.
No. Shares
February
No. Shares
No. Shares
Cleveland
15,990.665
13,470,755
13,873,323
8,587,828
10,124,024
16,270,368
32,406,179
45,731,788
63,618,847
7,589,297
11,185,760
26,695,690
20,246,238
April--——
18
—
St.
1940
—
Minneapolis
2.2
+15.2 ' >•:
'
26.3*
+
l;
+10.0
-
,
;
v
+ 10.2
+24.1
;
1
+16.0
+ 12.3
'
+32.9
-
v-
+12.5
(000,000
& 1941
$
New
IN
LEADING
CITIES
Month of April1942
omitted)
York_
r>;
S
1939
$
14,742 15,232
IN
JTjlti
1940
1942
$
1
12th San
$
13,938 13,383
$
69,886,095
264,856,555
9.8
+ 18.7
6,334,236,703
2,788,377,416
6,100,077,132-
+ 13.0
499,267,516
494,897,140
+
V
;
V-
3,194,048,336
,
16
2,519,923,736
Y.
improvement of 16.8%, San Francisco
an
also
were
credited
"
Inc.
Dec. %
or
,
+13.3
15,775,629,853
2.7
+
8.4
1,785,091,185
+ 20.2
1,345,398,690
815,888,657
+ 14.4
995,246,971
+
1
2,726,987,802
,,
:
1,223,120,837
660,065,034
793,606,564
743,442,508
639,844,292
703,000,574
29,965,913,130
17,080,878,994
2.043.126.202
:
558,698,458
507,997,331
411,820,176
'
781,503,510
:
686,892,930
545,903,034
S 16.7
31,823,252,932
554,527,871
1,926,079,625
+16.2
1,352,772,290
1,185,535,954
642,394,063
+ 18.3
1,578,358,301
;•
2,228,046,794
+ 21.8
"
1,583,655,815
'
;' 783,897,814
+ 16.8
532,530,373
13,837,677,308
1,853,527,223
21.6?-*
908,141,612
J
14,429,234,456
-•
+17.1
"
32 cities
482,088,894
1,124,367,952.
1,003,153,252
6.2
26,037,512,665 '
24,156,251,694
14,733,528,858
+ 15.9
12,099,583,097.
10,773,253,307
1,662,991,690
We append another table
showing the clearings by
-«
V
-
+ 22.9
1,487,258,172
1.378.373.750
the
for four
+
"
>"v
I
60,723
58,165
53,700
1,196
6,908
6,084
5,418
1,325
1,161
961
1,067
5,241
4,429
3,843
3.775
Phila.
2,363
2,174
1,756
Federal Reserve Districts
4,726
Boston
'.
,
,
Louis,.:
PittsburghSan
561
Fran-
464
•
846
£
838
.-v
-
721
Baltimore..
476
383
315
Kans.
!
596
City
Cleveland— >
397
Minn'polisOrl'su
New
Detroit
•
-
3,415
2,769
-
571
274
233
403
.;
-1,488
1,599
; 1,172
1,053
835
'723
3,649
2,698
1,894
948
794
619
570
514
134
129
116
61
62
45
.>
43
>
263
Milwaukee-
117
210
*•
101
Buffalo
-173
Paul-
161
93
>
72
855
100
Richmond-
238
.
154
-
132
104
200
;.
118
86
>
378
587
458
137
V 122
-
93
-
"^1————^;*
..Ml
Salt
L.
90
C'y
78
;*■;•: 64 £•-
Hartford—
•
£ 58
19
66
6,346,437,167
+ 19.4
'
4.7
+
+ 15.9
•
+ 24.3
+ 18.9
+ 24.0
+ 19.9
+ 23.1
+ 26.4
+ 28.3
+ 23.4
—
*
32 cities
4,398.108,514
55,687,041,871
7,299,981,084
5,487,820,726
2,572,362,454
3,159,925,099
8,847,268,717
2,545,285,479
1,864,403,773
3,021,243,119
2,198,181,334
4,416,277,412
58,061,918,492
6,519,740,926
4,786,422,508
2,229,115,176
816
The
677
611
370
following Compilation
>
616
48
.
? 831
371
.
516
.
,
1,143
5,793,924,070
5,204,166,874
covers
294
the;clearings by months since Jan. 1, 1942 and 1941:
296:
'641
552
MONTHLY
'
261
•232
225
207
V >: 185 ;•
102,539
91,299
89.784
12,025 * 10,330
9,3.65
-
i'
254
-
-Clearings,
Month-
1942
.
CLEARINGS
Total All—
1941
.
,
:•
V'-v«V
'
1942
-u-v
>
%
-t'¬ 28.278
other cities
'
Total all
23,415 21,809
114,757
2,347
; 14,340
3,545 ; 3,123
31,823
Out. N.Y.C.
We
26.843
2,623
29,966 26,038 24,156
129,097 114,564
17,081 14,734 12,100 10,773
add
now
our
68,374
y
i;
47,930
42,916
Inc.
1941
-
y
Portland
—
Holyoke
'
!
,_i—
River
.
»
-
"
1941
1
•
1942
■•V.+.C-vvV
1,
-
3,504,118
15,700,519
-/:>+10.7
s
10,948,184
„
Conn.—Hartford
New
'
4,030,756
^
Haven
Waterburv
.
£
Total (14 cities)
i
"
.-+
$
15,452,159.925
:
■;
+•
•'
'
■
%
'"+ 23.7.
+ 23.2
+
9.9
17.899.075.557
14,791,413,387
+ 21.0
+14.7
51,072,475,456
41,664,355,706
6.2
+ 22.6
+
17,080,878,994
14,733,528,858
+15.9
V;
v
7,877,600
^'1:11,545,234,394
■
:
.
2,295,659 '
•
;
.
-
7,779,600
,
+ 10.5
* +
-
8:8
+
.
+
2.2
'; ^ +17.5
,
.
'
-
5
•
or
•
v
Dec. %
1942
$
,.
+13.3
*
,
,
8,219,394
7,775,132
11,674,512
i
-66,062,279
r»
45,635,040
254,249,207
*
99,249,167
1.3
,-.
.
-—
5.4
0.1
'
60,620,700
2,783,971
363,712,345
,.+
■
-
"
262,767,100
+20.2
-
V"
13,125,431
>
59,934,270
41,458,738
224,791,501
♦
,-
>
85,676,085
.
■
29,316,900
231,354,600
-
*
+
9,678,920
5,201,829,490
I
712,365
>
.
+10.1
-
+13.1
0.9
1940
:y
—13.1
■
m 1939
$
659,531
504,965
-2,024,617
+
239,488,404
2,080,618
224,215,292
628,497
627,285
-
:/';'r~31~6?353
+96.9
+14.5
362,725
+12.7
843,829
A ; . 982,259
3,867,357 *C'.t3,892,557
2,515,762
2,713,203
'
—0.5
'
14.1V
>
;,
—0.6
"-
r-
-
16,232,400
7.3
405,518
££.+,778,474
>
3,793,064
.V.' 2,123,740
621,527
3,298,320
2,028,224
13,938,942
+
;
2.9
—.4,771,237
> 4,145,661
4.2
9,47~9?406
10,527*306
—28.1
,
8.0
+
—
5,280,453
1.9
-+13.6
—
"
17,523,240
-5,434,033
+15.8
—
?;
788,313;"
:'.V
++
—
361,015
' + 10.2
'
or
Dec. %
2,116,700
888,071
.7.1
—11.1
*
Inc.
^' \
,
282,792,792
'
•
+15.2
+
1941. +
819,709
-
4,167,593
•+- 323,888,666
7,137,719
•
9,595,831
6,121,630,753-
+15.5
7,256,470
"£
.
+49.7
\
,
y—;
'4'+18.3
13,616,216
>
:•
»
.
10,962,611
38,712.465
'-'4,428,807,564
28,768,300
r
,
'
Week Ended May 2
—
Inc.
1941'
$
-r
8.6
+10.5
;..
64,312,490. V..58,213,358
24,801,312
•
; 22,792,415
•
61,949,400
.V.
—
17,380,671
10,932,807
"i
—
-
H.—Manchester
;•
.
I.—Providence
N.
-
f;?
«
——
R.
r
+
-
*
-
.12,542,886
57,962,831
5,240,760,569
:
16,368,505
-
Cv
+15.0
I
'
2,035,232
——
—
3,729,441
1,967,950
1,930,174
.
2,175,079
-
—
Worcester
:
14,327,368,153
12.545,574.166
30,427,690,530
-
2,788,888 • r: >
2,917.983
4.4
'
15,669,547 '
''
10,113,128 ' ++' + 54.9
^1,325,107.093+-++ -1,160,710,804 "--:-+14.2
—
Springfield
■J
•••-$
17,721,239,974
29,965,913,130
'•
—
y
-
3,877,860
——
Bedford
+ 15.1 >
*
84,597,308,997
.
97,053,888,077
31,823,252,932
.
+
•
'
New
+ 19.5
jan, 1 to Apr. 30
or
Dec. %
•,
r
-
Lowell
£
29,012,468,197
25,157,150,270
•33,436,748,723
—/}'
>
,!
Me.—Bangor
Fall
'•"+"
28,959,129,231
Quarter!:—Us.«C-
Aprll__:
r
-1942
-
Reserve District—Boston—
Mass.—Boston
34,658,010,123
—1—:
1st
Month of April
•
Clearings at—
First Federal
March
101,629 ^99,149
56,399
;
*
-
January ————
February ——f;
detailed statement showing the figures for eBch
city for the month of April and for the week ended May 2 for four years..
?
-
2,832,039,890
7,647,080,793
2,296,942,650
1,589,723,160
2,796,448,334
1,971,678,924
4,019,676,481
-
99,148,856,848
42,916,323,241
.
Total
1939
101,629,454,781
47,929,743,627
«--y
Canada
:
4,529,663,712
'
6,410,004,354
190 cities
+ 17.7
473
>,:•: 56
;
7,579,995,103
"
Francisco
Outside N* X, city-
305
141
55
+ 21.2
-**
398
507
>339
'
-
56,398,808,843
,
"
_^i._16
——
9,916,422,403
8,468,839,837
3,735,189,821
4,886,735,561
12,590,762,941
3,832,215,041
2,523,684,090
4,387,478,324
3,063,184,262
4 Months
"
574
388
953
70
164
.
224'
291
—
months
1940
+ 12.7
"
,
"
Memphis—
Seattle
114,564,146,406
"
7
—
Total
515
B77
148
169
12th San
330
684
—460
;
77
-
four
4 Months
+ 25.5
129,097,404,009
■
pity.+.L—_—;——'
11th Dallas
173
60,297,430,166
8,552,969,276
6,811,079,556
3,140,585,277
3,940,447,280
+ 10,502,301,109
3,112,711,677
1,995,819,821
3,420,013,612
2,482,621,483
5,106,337,659
.
10th Kansas
.
1,583!
191
'501
631
'
166
111
St.
Minneapolis.—
659
400
■
i
f
121
133
*481
135
145
.
231
"
Denver
8th
9th
491
146
St.
M
31
-
Louis
or
68,373,617,450
0
—
573
761
199
149
for
Dec. %
63,161,256,622
"
iQ'V.Vv'
Chicago
..
,i 985
150
397
199
Indianapolis
V
7th
Inc.
1941
5,201,829,490
"
18
i
6th '..Atlanta.
1,418 '
466
220
—
<v
<176
LouisvilleProvidence-
1,555
»1,725
219
Omaha
—
2,202
1,243
678
944
districts
6,121,630,753
"
17
Richmond:
934
1,796
—14
——
5th
'1,106
-1,033
York
Philadelphia
Cleveland
2,298
-1,327
2;356
259
2,509
1,605
1,222
: New
4th
1,862,
2,823
'
Reserve
4 Months
1942
,
w14 cities
3d.
£1,403
;
-
Boston
2d
6,182
1,529
2,186
1,543
379
326
6,936
1,770
1,930
-
349
429
V
602
332
.
260
;
—
2,753
-
6341:
•
479
,
8,144
f 2,233
3,386
*'
256
.
'
743
-
9,485
348
450
339
-
419
Cincinnati-
1,495
395"
524
•
699
-
1st
4 Months
,.
56,233
1,368
St.
Federal
:
'
with
Apr., 1939
1.135,176,764
—
>
l, 105,831,869
City
Richmond
Apr., 1940
2,276,461,186
.
11
1
gains,
'
1,363,712,345
629,950,142
"
The remaining three dis¬
with
14.4%, Boston with 13.3% and Philadelphia with 8.4%.
19
;
—
N.
tricts
926,897,313
190 Cities
Outside
District showed
of 16.7% and Dallas of
16.2%.
1,209,753,709 >
18
T_
———————
Francisco
years:
1,592
__
238,406,266
1939
1,738
Chicago
$
263,023,877
3,693,770,215
v
400,622,468
289,090,732
134,381,725
"t 161,408,932
.'*■ 477,647,738
134,789,981
:
108,033,613
135,576,399
FT - 63,327,185
+ 22.6
$
933,177,062
"
7
Canada
APRIL
1940
'
>
approach to this level was the 21.6%
gain in the
Atlanta District.
Cleveland followed with an increase
and Minneapolis with
18.3%; Chicago followed
very closely with 17.1%.
The St. Louis Federal Reserve
2,145,183,752
"
Total
tri Anril TO
1941
1939
y-,
282,749,960
3,661,888,350
430.024.011
316,036,872
154,093,429':
181,179,277
545.325.012
147,179,844
130,411,713
ft 144,605,585
statement:
CLEARINGS
16.0%
of 20.2%
2,467,433,880
u
-
'
11th Dallas
:
The course of bank clearings at leading cities of the
country for the month of April and since Jan. 1 in
each of the last four years is shown in the subjoined
BANK
of
>'
$
'Y
•
Apr., 1941
15,343,941,666
"
31
Louis
•
^
"
——16
10th Kansas City
24,563,174
29,507,254
rise
est
1,545,234,394
"
.9
—
Chicago
9th
25,182.350
8,969,195
■
,
"
17
Atlanta
8th
13,312,960
*
■
14
—
Richmond
6th
V
7,925,761
Quarter
York,
5th
No. Shares
12.993.665
„
March
Philadelphia
4th
7th
1942
1
of January—
New
3d
$778,487,000
The volume of transactions in share
properties on the
New York Stock Exchange for the first four months of
1939 to 1942 is indicated in the following:
/
1
Apr., 1942
>
14 cities
.
,
Total bonds
1st
r
54,682,000
3,505,950
.
...
2d
Month
*
-
.
bonds
a
Dec.
or
+13.0
>
404,121,994
32 cities
Fcderal Reserve Districts
*
U. S. government
bonds—
!
with
10.0%
' M M,
• •
7,205,521,009
3,390,337,451
:j\
for the entire body of
clearing houses of 6.2%,
the 1942 aggregate of
clearings having been $31,823,252,932 and the 1941 aggregate
$29,965,913,130.
In the
New York Reserve District the
totals showed a decrease
of 2.7%, which was the
only loss shown by any of the
12 Federal Reserve districts.
At the opposite extreme
Kansas City registered an increase of
21.8%; the near-
Railroad & misc.
Foreign govern't
City.
____
333,354,714
3,945,032,637
crease
.
,
Y.
:!
$
.We also furnish today a
summary of the clearings for
the month of April.
For that month there was an in¬
43,591,939
.
N.
next
1941
527,643,563
419,980,484
197,785,006
237,542,494
676,695,688
182,786,307
135,975,326
158,380,713
82,473,115
307,870,962
"
.112 cities
was
...
1941
■
•
7,589,297
"
„10
L.
Canada
Four Months
1941
i
\
"
._10
Francisco
j
Outside
•
Description '
7:
..
iji 6
.Total
Our usual monthly detailed statement of transactions
on the New York Stock
Exchange is appended., The re¬
sults for April and the four months of 1942 and
1941;
Btock, number of
"
4
L___
:
Louis
CLEARINGS
456,774,439
"
San Fran¬
over last year.
7,910,536,735
4,024,196,291
"
+ 24.4
£;y.;yv
BANK
,•
4,031,048,666
607,605,263
530,406,606
»- 217,609,658
261,824,244
839,816,065
212,111,937
152,653,218
210,459,370
92,772,513
?
"
6
'
,11th Dallas
.
;
Minneapolis
City >
Louis
OF
376,663.907
18
St.
increase
377,565,288
7
-
-
Chicago!
8th
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
follow:
*?
„10
(
,£>
10th Kansas
+24-3
-
„12 cities
..10
Chicago of 24.1%.
improvement in volume of checks
cleared
St.
Inc.
"
made in the Kansas
City district
of 32.9%;
At Cleveland the in¬
by Federal Reserve districts.
summary
..12
was
of 26.3% and at
an
22.6%.
$
.
Philadelphia
5th
+24.0
+25.7,
$5,936,727,074'
•
a
was
Philadelphia of 15.2%, Boston of 13.0% and Dallas
of
12.5%.
Minneapolis was very close to the latter
with
a 12.3%
gain, while the remaining two districts were
also
close, Atlanta having a 10.2% and Richmond
a
having
country
The best gain
the increase
cisco had
of
of
1942
-New York
4th
+34.5
+ 17,3
•
/
$4,950,781,000
- -
$7,386,088,802
>
!;;,■(
■»
whole
decrease
a
SUMMARY
1st
1,231,014,467-$ V 985,946,074 -£>> +24.9
-
was
May 2
Federal Reserve Districts''
Boston
.
9th
Other
the
furnish
we
(including this city) recorded an in¬
2.2%, the lowest for any District in the coun¬
of
crease was
$7,910,536,735 against $7,205,521,009 in the
+29.6
..
.
In
6th
Cleveland
for
try.
able to give the final
week previous—the week
are
we
For that week there
aggregate
to
District
wnere
;
.
week of 1941.
Outside of this city there was an
increase of 18.7%, the bank
clearings at this centre hav¬
ing recorded an increase of ,1.9%.; We g^oup the cities
:
1941
>:
370,684,389 ■> >
Philadelphia
Kansas
"
«
$2,916,816,214
~
statement, however, which
to
»
same
:
Week Ending May 9
York
the
and from this it
appears that the New York
Reserve
crease
complete results for the
May 2.
has
cases
j
elaborate detailed
amounted
for
summary
the
9.8%,
the week
for
according to the Federal Reserve Districts in
which they
are located
be
■
;
present further below
ended
/'v
Clearings—Returns by Telegraph
New
increase
an
Our comparative
of the week in all
.
386,086,802 against $5,936,727,074 for the same week in
ended Friday of 20.2%.
the week follows:
;
them-today, in as much as the week
(Saturday) and the Saturday figures will
noon today.
Accordingly, in the
today
not be available until
telegraphic advices from the chief cities of
-I-708,544
634,225
282,749,960
263,023,877
17,978,099
**
i
r
-
15,900,900
f
561,076
f-+17.7.+;r^
376,663,907
•
'
i'i
16,592,900
'
>
780,703'
333,354,714
;
>
:+13.0 —C:
A+■
-J"tP'A, i'i
1S06
«■*,
THE COMMERCIAL &
vS-.
»♦+■•
' j
V»:
X
V-
-V
FINANCIAIi^HRONIGLEjsi.-i^^i^J^^^?V:-i>iiM6n<iiyv- May;il:f.l942iii':v
-Jan. 1 to Apr. 3
-Month of April-
,l;.r<-:,
ft*-",-
I
'i
Week ended May 2
—
Inc. or
-1942
v.
Clearings at—
Second
N.
$
Federal
Y.—Albany..
Reserve District—New York—
—
Buffalo
5,632,083
Elmira
,
'
Jamestown
Syracuse
24,472,130
Utica
N.
"v
-
Northern
,
N.
J.
40,303,107
(14
15,343,941,666'
cities).
+18.0
,
15,775,629,853
7,323,301
7,398.360
353,051,470
19,1
+
—
—
12,771,401'
13,982,712
63,16l;256,622
;
.
+
60,297,430,166
V
.
1,0
•
m: 517,383
Federal
Reserve
;
4,056,282
Harrisburg
;
7,821,405
Lebanon
8.300.986
—
30,74^,155
8.2
569,975
4,031,048,666
»
4,717,116
:r/
9.2
/
■'*&C 4,797.228
+
589,765
539,654
.24,073,916
20,753,071
28,795,655
22,890,617
3,661,888,350
—
0.1
6.8
—
3,693,770,216
3,945,032,637
'
-*-13.7
+ 10.8
8.7
9,485,000;000
7,570,232
—22.1
22,245;787
10,360,674
1.7
44,547,988
—17.5
19,811,471
5.3
5.0
York
7*427,168
V
Bois
-.575,048
+
6,261,493
7,050,015
-
1,"276,129
Hazleton.
+
+
+
1,215,157
'
•
v.
16.003,658
N.
19,730,000
J.—Trenton
+
%
18,776,300
;
;
,>M6-.9>..
,
19,099,257
i.
;Xa+.-8.4
2,276,461,186
2,467,433,880
439,00tt
-
417,041
.
423,276
'
1,"19*1,792
1,416,441
m-
!^t '-v''/|]'..//L'v jy',
512,000,000
2,226,404-
2,385,953
1,569,615
422,000,000
1,836,713
-
,
338,000,000
>
k
2,396,042
1,621,768
v
:
1,782,681
"<;■
..
2,448,102 ?"-.r
:
?:;V
2,337,728
1,782,919
>.;
<
2,475,334./
*3^09.000
;
1,493,802
%
^^.l,544^7ii^,:^ ;::.vl,319,872-:
»V.
.
-
JL
;.+l3.2
1
8,552,969,276 ^ • v^+ i5.9 'U
■
481,409
563,782
•
.^.:V+,S9.2.)
«-. +1.6,3.« k
.....731L43»300-..
-9^916,422,403
.
+12.2
,
1,664,942
7,694,700
3,737,700
'M
cities).
,
^8.1
+
'
«
85,315,424
75,488,400
>
5.1
570,442
—19.0
•:
1,552,948
a-
588,000,000
V+..+
2.372,903
556,945
,
.10.625,936^.
.
524,922.
«
l/743~052
3.7
25,428,519.-w :-,,_+18.8 .ii
4,665,594
-+J.4.5 ,:v
2,591;591
11,295:020
—22.5
>
+.
602,229
_
v
.
-93,220,183
+
£»
v
8,144,000.000
i++16.5
28,194,523^-- .',*y —r21.1
;
41,666,526.4 : .4i.+ /6.9
4,874,352
5.1
+
<
7,619,948
603,653
424,926
-
'
+21.1
2,675,206
19,381,652
8,904,558'
—12.0
653,261
2,811,663
Del.—Wilmington
,
,., ....
30,217,621
5,163,286
,
467,693
10.5i'(;
:.-.>/•+12-.7
,
.
9.243.987
2,740,370
10,535,627
Pottsville
8,952,370
15,921,580
-.-,7,891,180 W +»;'/+•? '5.2 »T.>.
42,678,410 J
+
5.5 +-•*+ 4 25,720,838
.;'>+-*•! 5.4 -/i-v
9,672,908...
.4:4;/..v
29.694,230
-•»
5*896,162
Total—(17
+ 15.6
5,003,47ft/
; .
JT
28,792,895
<
45,030,375
0.1
+
1,999,308
2,174,000,000
Wilkes-Barre
Du
17,942,358
1.5
—
7,229,875
2,215,149
2,363,900,000
7 Scranton
/
2,005,576
••
11,150,377
A
2*364,546
Norristown
;
8,013,496
:8.3
4,424,737
•
11,162,007
>...
.
Philadelphia
Reading
'
«
"
1-,975,398
Lancaster
—12.9
2,344,947
2,042,358
Bethlehem
Chester
r
8,147,527
5,697,713
t-
District—Philadelphia—
Pa.—Altoona
..
501,871
4-\ v 763,786
3,580,153,39e ;tt
./+/'„»
.
26,464,211
1
Third
554,116
/-;•
874,529
+ .4.1
,
4,978,442
4.7
•
l'.9-,i'3,545,859,287
+12.4 8,506,797
1
a,
5,756,907
:
+ 54.0
+ 37.5
.'>•:,+
9.5
+
V ».v+
'
-•-•
4r.
■A-.1
9,997,293/
tl
26,429,221
V
+ 14.5
.
2.7
</
,
:+u.o
472,379,045
:
>,
451
XA >9.9
391,896,200
+ 19.2
.
8.3
89,613,644
700,198
878,531
3,886,340,444 A/.. <3,815,183,558
—
,926
8,819,153
.
9:8
+
540,893,146
X4* .7.7
3,368,839
/:
'
98,467,596
vV
+ 11.0
^
17,524,270
,.P
1,087,798
...;+ ,4.4
s
<;? 5 93,359,595
101,102,027
19,238,063
-
2.2
—
89,284,325
4,013,631
Total
i
114,119,835
96.163,738
Oranges
-
0,6
1,978,214
r
0.1
+
4+43.2
iiitS/S
*1
58,165,337,563
161,678,890
179.527.152,
/
26,096,188
V
11,685,252
16,176,119
60,723,786,559
.
136,045,683/.
-
16,737,855
f
.!
«
4,447,105
■;
15,232,384,272 ;/+>
<
30,788,256
1,933,744
J.—Montclair
Newark
;
854,798,624
22,422,744
>'Ay 4,632,795
:■
4,604,163
Conn.—Stamford
>
•
■
25,409,355
:i.v
2,873,930
;
14,742,373,938
43,566,522
Rochester
■
:
4,283,366
.
York
New
'
171,917,913
54,916,957
5,734,116
173,087,426
209,751,799'V
4,287,345
x-.—
SSAlt
■A:'-;'VP>'
36,025,308
.
Binghamton
*
•
Dec. %
1941
>+
—
607,605,263
;
+105.9
k
i—w.
527,643,563
-J- WU,
/
3,444,300
3,152,900
:—
<
+f';fl5.2
400,622,468
436,024,011
■701
Fourth
Federal
Reserve
•;
'/
'
*
v/vXr/Xv-V.;:':,".
Ohio—Canton
i*
4.3
+
26.3
382,517,880
23.3
2,823,052,981
2,202,005,787
57,876,100
56,945,500
+
1.6
230,076,400
3,479,904
2,980,977
+ 16.5
13,405,578
1,107,636
>v
,,■'
••
1,125,264
9,757,566
+
1.6
4,700,977
+
3.0
•
....
Mansfield
-a.U:tr>+,0.2 VXf
315,044,381
+
742,908,178
Hamilton
•
13,744,539
+
602,367,365
1.542,993,593
Columbus
Lorain
13,770,800
49,810,415
1,221,865,551
51,972,228
-
Cincinnati
jlf'Cleveland-? •
,
%
District—Cleveland—
v":\y
;
7
-
211,547,000 >/■;•&+
>
10,574,693
36,038,524 4.
55,760,083
40,880.190
V
v
■'
+ 18.7
6,695,112
—11.9
24,895,400
29,364,976
25,199,352
16.5
121,499,655
1,503,125
1,129,030
+ 33.1
5,432,042
934,921
1,104,199
—15.3
3,695,068
3,511,033
V +
....
Erie.
698,816,368
-3,385,900,086
39,711,841
2,752,547,065
+
32,873,402
40,085,516
32,469,840
;
•
56,592,596
,
9,035,052
+ 14.6
9,200,564
+ 28.5
5,633,496
5,878,493
7,647,383
8,230,543
2,145,183,752
1,785,091,185
-
cities)....
Federal
4.2
'
.
25,654,084
.41,104,888
29,907,692
+ 20.2
8,468,839,837
+
1,686,104
1,692,170
—37.3
2,710,639
2;262,822
m. 226,506,583
178,888,427
+ 26.6
131,590,963
117,704,444
530,406,606
419,980,484
+
26.3
316,036,872
289,090,732
890,812
+
11.2
11,074,700 v
-
1,988,745
a
r-
—
■].'&'
22.1
+28.3
i
+32.3
<
i
Z ■->'+-•
■
+ 26.6
28,575,680
6,811,079,556
—
:
.
8.3
+
••
+
4.7
+ 24.3
,
-M)-; .j
24,544,000
17,682,000
+ 38.8
88,772,000
238,458,768
C.—Charleston
200,117,874
+ 19.2
953,377,494
7,941,692
13,184,017
7,917,871
5,955,514
476,476,260
+ 14.7
6,921,419
14,204,136
418,847,384
.......
12,691,274
r
r,1
§
+17.4
990,975
+39.2
y
6,163,000
5,372,000
+
14.7
697,701
3,197,000
3.028,000
+16.8
-
816,110,209
33,066,379
■
>
63,755,000
14,902,47$ yi.
55,261.439
49,611,408
+
11.4
39,086,474
36,502,720
1,738,330
1,584,798
+
9.7
1,351,805
1,364,289
+
+ 15.2
28,699,028
,
-
402,304
•
'
Columbia
Greenville
...
Md.—Baltimore
-V;
Sixth
(9
47,424,698
>
23,671,385
J78
:-'+10.2
•
1
•
Reserve
+ 20.2
1,605,492,048
120,694,345
107,818,297
11.9
82,447,651
69,558,746
8,966,309
7,126,453
6.7
620,918,880
535,615,182
+ 15.9
32,76X568
32,507,691
"+"o"8
27,3~12~793
23,527,666
815,888,657
+ 14.4
3,735,189,821
3,140,585,277
+ 18.9
217,609,658
197,785,006
+ 10.0
154,093,429
134,381,725
21,630,639
+ 20.6
125,050,755 '
421,300,000
10,746,944
100,297,498
+
24.7
498,362,864
345,149,000
+ 22.1
1,685,900,000
7,046,799
+ 52.5
+
+
Nashville
'
.
113,432,489
Columbus
7,658,912
7,403,788
+
3.4
6,968,910
6,399,570
+
8.9
1,375,377,000
123,861,533
135,500,917
—
9,172,603
160,332,110
17,521,374
Ala.—^Birmingham
r'
+
5,880,203
.
Meridian
42,577,369
"
y
24,500,157.
44,384,447
7.1
+
5.3
663,430
+
2.1
3,083,173-
La.—New
<•
Orleans
218,620,825
+ 19.1
1,053,363,047-
Total
1,209,753,709
995,246,971
+
—
Cities)
(16
...
>
;
21.6
10,493,324
•
r
Seventh
Federal Reserve
>
1,986,068
944,427,570
677,698,377
+ 39.4
-5,547,391
5,025,264
—
16,990,101
16,454,765
+'
3.3
3,052,088
+
10,602,416
+ 14.5
4,508,793
Flint
3,843,131
Grand Rapids
...
•
Jackson
Lansing
—
2,875,806
+ 30.9
2,234,720
+
+
v./'
153,600
1,988,944
•>.V
i
—15.2
176,405
+ 18.7
181,174
42,087,073
+10.2
181,179,277 '
i
164,170
'
61,580,681
261,824,244
v
I.'--,,
«
X
v
V
^
,
4.a'
ft*
*
-I
+
23,052,154
66,628^731.;.
64/750,0893
11,831,115 XP
•fe.y'-tV:
13,459,475
"
.45,144,744
33,402,289
>.
+
51,887,076
>
237,542,494
-
38,417,248
161,406,933
>
X
•
•
296,902:
—36.4
466,642
242,601,195 vV
s
2.9
■
-
P 200,971,878
.
+
322,941
20.7
124,142,795
•
•
703,508
!
->
-- 97,099,880
•;
3.5
+
-
y
/
i
»
i-vXjf v/j :Jk>
JX..^.+ 35.2
>
>
P
18.2
,2,698,135,448
1.4
,
19,785,000
20,84*3X07
:
+21-.3
?-r0.4:
+26.2
3,648,803,608
>+;
1,032,107
25.3
X>' X+ '6,7
.
.
:
y+:
,
-2,9
8,553,702
+ 17.3
1
<>
9,125,123
8.2
12,138,185
—
26,"193,004
3,765,800
1,290,923
-
19,483,000
32X3*5X19
"+T3>6
+
23,864,643
+ 29.9
3,302,912
Detroit
+•7.7
36,4lX290
+48.5
>..*
.
.
23,532,000
37.6
56,100,000
--+-29.7
-
•-
1,548,588
25,355,000
+10.2
2,039,091
3,761,406
18,024,127
.
■
.
r
2,580,756
1,164,056
2,661,144
*X7~50~6o6
3.0
J,940,447/280
;
'' s
District—Chicago-
Arbor
Mich.—Ann
1,398,018
8,877,530 '
3,094,453 T '
834,798,986
4,886,735,561
.
•
30.5
36,594,811
+
2,140,852
677,222
•,;••■'
+
T1X6
45,075,000
9,784,421
,
—_
__ _
P>
19,548,339
43,750,000
2,254,689
—-
>
63,500.000
;
30,117,441
'
? Vicksburg
3.5
+:6.6
505,868,842
>
4.4
260,434,898
J
Jackson
—
.
92,600,000
:,'.,+
V
470,511,224,
63,248,059
+ 19.2
10,864,000
9,136,702
/;
4,739,766
20,202,334
95,800,000
+>3.9
28,190,260
647,433,857?
+ 61.8
4,933,651
10,384,000)
,*——
Miss,—Hattiesburg
14.1
11.7
+
26,283,843
39,051,146
34.9
+
+
+
.25,973,986
557,283,644
+ 23.5
10,830,367
Mobile
Montgomery
9.4
+
7,427,686
118,840,631
—-
4,804,635
25,838,205
i
'
Fla.—Jacksonville
5,482,842
28,861,887
+22,6
•
396,042,690
-^ 27,691,510
.
+ 22.6
--+•26.2
92,515,506"
,
45,713,142
29,044,702
Macon
Augusta
i Tampa
25.8
District—Atlanta—
Da.—Atlanta
rr
+ 40.9
+ 15.0
+
1,861,068
147,871,746
933,177,062
cities)
Federal
"
33,341,285
1,929,583,742
2,139,890
>
—
Tenn.—Knoxville
•
52,261,256
+
157,760,113
.........
C.—Washington
Total
7.7
+ 33.0
26,085,751
Frederick
t>.
<
+ .v-1.5
2.6
—
99,525,395
4,234,016
.
7.1
—
3,447,635
3,734,332
.
Richmond
S.
-
Reserve District—Richmond—'
Va.—Huntington
Va.—Norfolk
r
2,098,900
4,915,931
3.2
3,083,874
11,593,300
:X:>XX'>XX\:>':XXX;,■'vXP.X
Fifth
,»
(17
21.0"
+
10,355,046
.
Total
W.
—5.7
/
-
-,+.20.8
53,018,622
+
11,819,492
;+
City
Va.—Wheeling
XX
>
14,013.600
13,220,200
23.0
Ky.—Lexington
W.
<- 2,053,625 '
55.045,012
-99,257,959 ><
-
:
.
•
Co.
Greensburg
Pittsburgh
Oil
'
•61,637,140
104,802,0985
5.2
845,817,759
•
....
Toledo
Pa.—Beaver
•
2.016,628
4.3
—
76,051,105 •-':?.;+++21.3
140,947,273^ v « +35.1
+/'«".■;
+13.4
17,830,880
5,900,217
*
...
3,065,248
A
s
■
--
+14.6
10,046,778
14,500,061
V
...
Youngstown
Newark
190,418,045
8.8
rf. +26.8
: ■>
4,101,492
92,255,174 +
&■.&> +.28.2
tt
■$%
2,933,985
21.4
+«+'+; i'+
r
4,209,898
:
3,427,883
.
X.
>8.3 A/
4,590,139
.
.
3,581,698
V
2,992,204
+13.7
r
r>
+ 35.2
'V
—19.6
'
—17.0
p
;
2,867,114
2,018,512
V
/
1,731,798
"
Muskegon
'
■
--.—
3,513,975
3,209,337
+
9.5
11,266,937
10,357,040
'.+
8.8
City
Bay
Ind.—Ft.
Wayne
Gary
1*1 Indianapolis
South
18,550,823
110,774,725
.
Bend
41 Terre Haute
+ 11.4
20,667,696
103,673,404
S +
11,962,323
11,551,620
+
31,522,316
27,706,934
X X'
44,650,166
8,453,535
XX
:
•
X:
7,646,278
+ 10.6
*
>t-.
19.0
'^40 3,228,954 P >
2,652,340
% J* J+iXi'
:
•
29,645,000
7,411,054
+17-9
.
'
"
>' 26,018,000
/
•
<,
+13.9
+
"
2,222,371
-
+
;
A
1,085,972
'
20,778,000
:i'P'
■
^
.
2,291,437
5.9
'
«
;
y-
22;113,000
P-. —10.6
6,997,423
,
y
77
i*. •
""J '
3,269,729
2,923,739
>
""u•
>V
42,633,059
>'
..
" \
■' *
-
1,667,758
5,892,351
5.205,585
~K +173
•V>
:
399,811,740
r:
+13.7
387,889,7304 >
28*418,209^
481,402,146
X
i+w
V
■>-il05,819,9403X
33,337,264
+ 16.6
i
.
124,710,765 ,; r
100,733,700
117,441,320
+13.6
36,778,133
> 70,482,402 i
80,158,015
I
+ 21.6
14,265,339,
12,341,958
?
•
459,574,349
+ 13.8
Milwaukee
:>
42,931.231
,
V J'
3.6
•'
•'•••<
—
Wis.—Madison
•
14,023,076
,<•>
6.8
'
;
r
17J)52,493
+ 20.4
5'y-
v.
26,346,223
V.
•'
22,624,489
'
V
P
+ 16.5
•
•
•
22,299,586
V
>
21,696,616
-
Oshkosh
; /
.
Sheboygan
.
1,987,209
3,940,161
,
Watertown
la.—Cedar Rapids
/•
/ +16.7
+ 16.1
3,394,297
^
/
*
City
Ames
'*.•
+ 21.8
6,829,587
5,941,048
c
+ 15.0
'
2*182,152 ;
52,338,759
+ 20.5
236,045,483
+28.3
88,022,641
23,855,960
18,596,482
,
<
913,765
.
2,567,572
-
7,695,288.
.
>
3.4
v
10,261,425
j
,
22,777,943
>
+
10.8
2,074,194
:
•
•
V
'J
.
>
p'
j
+ 28.8
-.3,658,123
I'',-!.
.+11.2
'
:. 7,519,923 p A.;;. +
;
"X- + 12.1'XiC
1,437,007
A,
13,520,742
//
w:
+ 62.7
:A>
>.
1,501,684
>
11,274,930
•
--'/A 1,257,288
.
14,158,341
+ 10.6
;
P
1,611,305
22,003,296
y
•
6,176,572
>.
:• ;/
»
7,681,555
Vx-
', A.
J.P:
+18.6
;?.' + 27.8
68,325,064
.
:
,
+22.7
9,231,180
y
'
'£'+28.3
r
184,671,193
4,044,514
-
'1,849,450
*
2,678,215
^
+; 5.1
869,391
2,654,954
«•
+
■4
5,998,470
27,017,052
63,064,498
*
Bloomington
6,9tj'i;l20 f.\r +17.3
12,977,832 P:> X + 23.6
V:
•
1.5
604,417
*
■
,
16,043,058
i
1,564,967
,
111.—Aurora
.
8,096,906
+ 1,905,614
•
>
Moines
Sioux
1,703,108".
595,081
i.ii
Manitowoc
Des
I
;
2.1
^
.
.-t
'
\:
'•»..
P!/; Xf
>r
437,858
+37.7
4,485,635'
.
••
'
•'
■
518,286
„
•'
.
,"X
«•••
••
4,429,849
,
X
•;•
••
—15.5
"
411,486
3,671)645
;*'*
.•*
-»•
-
•
v
r
1
'
,
•.
»
407,092
'
>•
Chicago
».
Peoria
1,592,016,244
5,599,916
6,406,841
—12.6
20,923,012
1.0
-
«.
Rockford
••
-
Sterling
:
--
.
8,479,923
7,744,073
-
(31 cities)
788,165
3,194,048,336
+
—
+
>.
:
+ 11.0
709,636
+ 11.1
2,726,987,802
.
i+
22,755,079
17.1
'
•
v
'
27,995,668
3,218,956
12,590,762,941
.
p.;
10,502,301,109
4,968,147
375,503,685
<
:
.
1,460,922
5,051,804
+ 23.0
—
—
j-.
1.7
"
,
2,038,576
2,031,433
+
8.2
1,993,380
1,651,806
+ 20.7
676,695,688
+ 24.1
+
334,308,565'
6.3
+ 13.4
'
25,881,578
Jl; 2,854,551
1,368,629
—
29,760,658
33,749,667
l
74,323,809
461,704,068
1.3
+ 11.1
23,065,246
1
82,585,988
V
+-13.5
6,084,005,970
6,907,705,617
•
;
9.5
6,842,516
7,595,835
Springfield
Total
9.2
1,738,169,865
20,719,818
•'
—
Decatur
1,104,251
P PP
:
1,115,530
4,544,423
0.4
1,371,998
•
296,855,437
4,704,634
j'.
1,207,932
1,493,135
1,308,618
545,325,012
477,647,738
■
> +12.8
+ 10.9
839,816,065
;
j
•
Volume 155.
Number 4071
'
A
THE COMMERCIAL & FINANCIAL CHRONICLE
-Month of
April-
•Jan. 1 to Apr. 30Inc.
X.,-
v
■
1942
.
Clearings at—
'
Louts
Cape Girardeau
■j;
—
i
•
137,466,070
'yvyy/•. •
: v
■
.V'X
Federal Reserve District—Minneapolis—
«*«»•• «M
<
Itmmmddmm
397,249,938
H
1,660,653
Rochester'
St.
'
Paul
Winona
:
;
-
i
Grand
v
8>
]■'.
i ::
.XX:
-
Forks
-.v-....
.
Sioux Falls
Huron
Mont.—Billings
;
"
4
-
■
Great
133,373,806
—
\
^
X
1,167,000
'
48,446~948
45,~29~6~792
*+T5
29,435,989
33,5~5~2"269
24,581,515
31,6~9M5§
+19.7
20,361,575
17,707,531
+ 26.4
729,000
~808,000
+ 23.1
212,111,937
182,786,307
51,151,920
18.3
+
''
+ 18.0
4.8
+
4,075,425
*
0.8
+
1,994,127
V
1.7
;
|
•
X
+ 13.6
1,043,634
2,344,476
1,824,205
2,774,776
2,467,332
Lincoln
...
13,842,665
'f;
13,020,901
...
—
199,272,294
V
149,120,770
j Kan.—Kansas City
v
I
Manhattan
j
<■25,000,000
Parsons
i
X;.
+ 13.5
Mo.—Joplin
Kansas
«
St. Joseph
Carthage
....
City
>•'
784,704
723,534
+ 18.9
3,537,480
3,YOO~472
152,653,218
135,975,326
+ 12.3
130,411,713
108,033,613
.
.T..
Springs
4,227,865
+10.4
•
+ 69.1
2,499,516
154,390,305
+
7.8
3,289,991
—
8.2
1,613,593
1,706,200
—
1,105,831,869
Eleventh
Federal Reserve
Texas—Austin
322,261,000 '
Arthur
2,666,334
Falls
+
20.1
+
24.3
■
XX
22.8
+
+ 23.9
2,152,623
4,620,539
4,944,287
3,396,704
18,686,341
1,726,435
19,482,232
743,442,508
X—
La.—8hreveport
(11
cities)
639,844,292
Twelfth Federal Reserve District—Sail Franclsce-»-
\ Wash.—Belllngham
2,899,032
'
—
Seattle
'
.
+
-—
1,810,000
232,674,931
I Utah—Ogden
16,671,107
9,311,649
12,611,375
19,612,062
26,712,126
'
.
Jose
total
(190
1,578,358,301
—
...
—-—
/
.v"
*
i
St.
London
—
I Regina
■}
—-
i Saskatoon
Moose
Jaw
•!.
New
-
...——
Westminster
Medicine
-
Hat
Peterborough
] Sherbrooke
1'.
Kitchener
.......
Windsor
Prince
....
Albert
Monr.ton
•
144,605,585
135,576,399
+33.4
>
2,481,312
1,753,577
+ 41.5
2,613,777
1,873,517
73,233,000
6512~9~2~856
x+Yp
53,039,547
47,583,127
9,257,083
8,478,556
"+""9~2
7^695*,793
7,553,970
2,625,000
2,439,000
+
7.6
2,472,000
2,187,000
1,092,864
1,057,938
+
3.3
1,050,250
929,254
4,083,254
3,451,188
+ 18.3
3,0i4~728
3,200~317
92,772,513
82,473,115
+ 12.5
69,886,095
712,723
,
+ 20.1
+
5.0
+
34.3
•
;
;
+14.7
.
-
+ 28.0
8,259,377
i
.
27.9
+
937,094,526
> +
"T
32.4
+
1.4
•
6,737,065
"
+ 101.0
65,566,974
+ 22.3
r-'.Vl-.
(32
•Estimated.
>
■
-
■'
<
;
■
+ 23.5
36,081,942
28,8761907
16,929^421
i
21,4*15^390 $
+
26".5
14,9~2~1~379
14,453^906
+ 50.0
3,848,368
4.25T580
3,~3~20",291
3,897" 681
+ 20.8
158,280^000
146,5~4~4~000
v
3.6
+
•'
V—-—
+ 24.5
+
■
44.9
+
"
16,661,809
4Y98~066
'
3,~525~304
3,5~90a64
3.1
—
*
6,~59~5"654
11.4
—12.6
2,769,441,388
+ 23.3
215,~1~68~000
mTeSooo
-51,106,503
+ 14.9
3,050,444
25,981,511
5.7
1,680,645
11.5
3,023^429
3,290,736
1,481,496
2,507,709
•;
—
44,197,256
+
,
+14.5
~
—11.7
+I8.i
' +21.9
+9.8
;
+128.7
+ 7.0
X
""4,320,280!
.+
3,391,994
-
1,331,928'
«
2,846,890
6.2
v
3,800,549;*+11.0
'
'
" .+ 8.9
4, *+ 9.7
-
+23.6
+ 22.6
264,856,555
238,406,266
9.8
4,024,196,291
+ 18.7
6,334,236,703
2,788,377,416
6,100,077,132
2,519,923,736
"
•
Week Ended April 30
c *
1942
$
157,377,047
114,168,772
107,470,799
145,309,104
17,805,582
44.7
40,720,621
+ 40.5
33,154,088
0.1
4,565,793
7,453,636
5.0
3,392,937
2,966,139
—12.4
6,547,296
6,135,348
+ 13.1
6,776,921
AI.X". 7,146,352
6.1
2,327,642
2,423,626
4.2
1,780,414
+ 12.0
1,807,765
2,478,156
2,747,081
31.3
5,990,695
5,348,466
~
-
+
+
,
5,528,178 *
8,448,126
6.1
655,540
-1,425,716
1,610,861
+ 16.1
+ 42.1
•:
1,029,489
882,921
282,872
+18.4
,,'.705,991
940,235
X +13.9
1,409,992
1,231,655
+11.4
3,699,846
3,532,047 "•
+ 33.9
392,246
+ 37.0
1,179,592
+ 11.7
626,181
674,282
10,124,899
+ 14.6
614,515
672,437
7,359,028
17,208,265
+
4.4
406,435
+
8.3
1,252,500
1,260,760
+19.4
456,774,439
404,121,994
7,681,691
18,627,971
383,165
'
.
•
>
*
886,830
414,430
MX
469,002
XX
1,429,719
S'.
..
615,214
388.416
X
475,608
1,570,943
_
>
J!
669,937
1,004,725
1,022,411
8.1
741,500
649,823
3.6
683,020
213,961
586,128
4.0
648,516
—
>
'
3.4
6.6
+
+
•:
3,806,308
'/I X
341,655
+16.0
•
3,094,243
3,937,909
5,599,466
3.8
—
1,925,313
~
2,793,795
4,049,172
—15.9
979,085
6,022,899
X
5.6
—
852,414
13,663,301
9.8
—11.5
662,487
.
2,065,001
1,753,795
+
v
328,167
*
5,197,690
2,193,747
+
14.4
+
5,561,544
■
,
—36.4
.
931,044
+ 28.3
55,320,294
1.5
+ 12.0
+16.0
•
4,656,289
18,609,025
-
-
—
•
1,066,159
C 856,010
10,866,291
—
-
648,593 ;>.■
545,340
+ 11.2
12,649,831
58,397,142
,
+ 12.4
•
10,136,343
13,590,265 V
19,089,068
.;
•
4.0
—
•
631,490
v
5.2
50,785,118
X"
+
*
.
394,562
414,668
24.6
+
"
—
6,103,963
3,882,160
>
+ 29.6
18,720,659
—
J
—
7,924,399
+ 10.9
16,109,108
8,067,092
—
3,937,061
+
'
65,053,187
—
4,906,010
+
9,934,448
■
149,267,702
9.8
+ 16.0
22,445,992
■
106,399,019
.
54,789,417
—0.03
75,216,649
;
6.2
;
x
+
63,005,288
,
$
168,676,249
19,308,026
+ 17.0
15,646,628
1939
145,168,654
49,412,507
98,702,978
V
■
:
22,396,407
57,210,220
4,900,309
3,739,221
6,941,233
42,770,693
•'
$
15.3
37,880,777
,
'•
•
+
30,481,490
.
'
1940
+ 28.6
+
■
+ 12.0
55,278,299
107,946,210
-
or
Dec. ft
122,400,586
+ 17.8
V;
849,010,600
88,227,166
,
Inc.
$
+ 15.7
303,458,145
-
1941
12,133,666
11,602,489
+
+
or
Dec, ft
3.9
4.7
2.4
5.0
+
2,915,990
307,870,962
+28.6
.
2,161,921
7,205,521,009
3,390,337,451
"
2,952,875
2,258,081
377,565,288
Inc.
.
637,728,311
■
'
14,670,118
5,324,468
13,002,762
16,089,482
21,745,592
-
1,997,405,789
1,697,448,671
17,588,778
+19.9
5,386,04414,911,084:
1,553,966
+ 20.6
7,910,536,735
$
7,167,184
10,530,415
44. 26,067,997
.14,113,888 r
17,918,370 '
8.3
+
* ;
1941
66,859,445
1.6
+
4,282,388
1,408,612
+12.7
-
+29.5
v"
3,071,536
+21.2
:
2,311,281,594
1,999,-944,384
714,238,093
349,737,266
1,228,818,045
88,194,302
64,652,788
122,108,299
109,416,828
40,198,408
31,756,905
47,903,147
98,779,790
+20.0
+ 6.9
+21.2
+41.7
—23.7
+ 7.0
-
7.3
+ 13.4
—
+ 25.5
-
-
;
1942
+31.8
19,079,213
1,614,844;
3,700,571
1,064,847
]*--
+ 21.1
61,480,391
?v
32,685,468
1,037,177
42,993,957
53,080,355
+ 26.1
-
16,060,205
-
40,629,169
—10.4
+ 37.2
'
-
.
72,835,973
53,747,200
16,146,000 X
+ 29.3
1,224,253
27.1
+
12,392,421 '
44,282,758
,
53,295,160
-
+ 30.6
64,639,736
"29,767,545
i
'
6.9
+
293,931,614
78,268,034 ;.
$
20,437,356;
4,930,166
•-
If
+ 14.5
+
—
7.1
8.6
718,273
1,399,541
1,234,023
3,425,008
361,098
2.4
+ 33.0
—
232,721
669,607
V
2,839,527
4.8
+
XX
777,745
'
341,266
817,212
•
;
753,075
617,894
618,699
638,190
573,272
1.9
435,709
526,146
0.7
1,130,885
1,010,192
+ 13.0
499,287,516
—
—
■
'
•••:■ :-x
63,327,185
XX
-Jan. 1 to Apr. 30-
2,751,505
1,993,390
■
;
or
10,685,011
■
r
APRIL, SINCE JANUARY I, AND FOR WEEK ENDING APRIL 30
2.3
1,559,682
2,454,799
6,228,041
2,516,282
X
129,097,404,009
68,373,617,450
3.3
■■■
23;4
+
•
Z, 6,410,004,364:
+
0; 2,043,126,202
cities)
■-*?
»
-
715,212,830
*
49,287,973
■j
Dec. ft
15,009,37ll? X
1,944,657
.......
j Budbury
Total
+ 32.9
24,509,018
.
$
4,681,568
.........
I
.
+
3,067,669
2,880,498
.....
Barnia
;
158,380,713
58,744,269
"
\
908,837,110
17,004,263
370;768,475
+1617 y
7,846,744
4,758,949
....
KingSxoa
Chatham
'
38,249,000 ?
8,255,000
+6.2
10,192,706
5,864,744
16,356,426
1,996,314
......
'
•
210,459,370
"
1.0
+
125,928,831
=
3,415,498,277 4
5.3
4,219,321
—--
....
X
+10.9
5,754,980
4,624,387
4,351,944
3,672,230
1,414,926
3,412,717
..........
Port William
;
-
Brantford
?
........
■
■yy
7.9
+
6,840,658
.
-y 30,852,791
.
—15.6
28,210,770
16,850,140
1,842,045
2,991,486
——-—-—-
Brandon
Lethbridge
|
,
'
,
55,134,889
16.3
12,233,327
26,464,463
X-S.
—
f
•
14.2
8,007,907
Edmonton
!
620,041
+ 28.3
28,640,124
18,856,394
1,116,614,000
117,414,646
■L 105,541,729
X 17,885,949,
10,526,581
John
Victoria
24,770,723
'•
28,990,521
XX '■ 29,697,768■
Calgary .:
I
+ 15.9
30,022,241:
■J i
..—
'
vh-v-i
CLEARINGS FOR
t
22,898,308
...—16,086,973
Hamilton
——
32,137,717
y
-
2.5
+
<
76,773,793
226,402,443-
320,803,933
—-
...
Quebec
Halifax
{
630,427
.
+ 13.9
+.1.1
433,672,771
196,161,031
209,690,943
93,046,271
—
—-
Ottawa
•
426,385
—16.6
0.8
+ 37.6
y
•
36.2
+
488,534,347
643,726,340
520,300,012
——
Montreal
■
+ 157.1
~8~2~9"l84
+ 18.0
+ 10.7
•
+
1941
f Winnipeg
V Vancouver
,
354,813
691,949
+27.2
—
9,671,257
April-
'
-:4
912,178
10,153,944
18,293,252
23,178,554
6,321,000
;
Inc.
.
3,029,060
830,881,656
'
1,352,772,290'
-Month of
—
-
—63.5
14,733,528,858
Canada—
•
89,¥96,330
2,969,568
"
-
19,260,546
••;
+
29,965,913,130
17,080,878,994
_
CANADIAN
,
98,186^992
+ 26.2
573,799,356
20,837,877
;v
—69.6
11,940,245; X
31,823,252,932
cities)
Outside New York_
Toronto
3,299,096
+ 29.7
'
•
—20.5
—
7,442,283
12,889,164
——
11.2
+15.5
13,836,478
6,280,958
.4
Total (19 cities)
Grand
5,600,425 y.v
15,800,325
Btockton
\
-
+ 13.9
■?.
4,372,151:
15,345,086
4,340,943
720,943,419
838,328,586
i—:—-i—mm.?:-
Barbara
Santa
4,262,378
4,387,077
Francisco
Ban
i
,
Riverside
•
2,826,366
3,719,454
+ 34.0
142,472,159
80,215,601 X4
•
+ .2.4
78,328,807!v '
t
San
•
3,595,268 X: •:s
18,993,282
—
Pasadena--«
i
195,174,886
3,830,357
Long Beach
•
2,625,891
109,237,511
3,275,493
10,706,241
1,143,208,536 r
X f*
-
+ 19.2
90,498,110
Berkeley
!
4,132,552
2,482,621,483
0:9
+
7,404,034
Modesto '.-.L
+
.
X
<
|
31,807,403
4.7
3,083,-184^262 *
<
0.5 4
—
;
—
'
146,359~673
+22.8
...
2,948,475
'
-
3,681,065
—
!
Salt Lake City ..J
X Ariz.—Phoenix
i Calif.—Bakersfleld
;
32,487,189
53.0
+ 31.2
C-.'
,.58,404,577
6,275,647
13,541;233
.
30.2
•'
'
5,812,313
*
Portland
j
2,130,927
4,343,604
+
•
2.9
+
V
?
5,146,926
5,863,527
'
+16.2
•
223,660,898'
-
2,012,000
mmLmrnmrnmi'
Ore.—Eugene
]•:
6.5
20.7
+
2,816,394
:
5,122,249
-
Ida.—BOiSe
i
+ 35.0
>
X
291,118,675
-
yakima
■
2.5
+ 39.7
12,679,395
t - 10,938,931
M. 19,532,233
+ 96.7
-
1
152,766
3,384,583
"
Total
J
148,031
159,973
3,283,087
11.0
+
+
1,795,627,777
-
8,909,000
241,364,372
296,434,983'
Texarkana
1,875,638
3,869,351
116,619
5.4
+ 14.7
+116.1
,
10,708,983
38,206,676
24,109,164 1
1,340,566,000
123,346,009 '
i
169; 178,779 f i
f 43,882,000
1,199,667,636
8.7
+
33,986,124
•
11,076,000 X
Houston
Wichita
35,658,350
+ 27.4
—
*
+ 10.4
26,529,232
40,828,763
—
+ 21.8
292,033,000
-
28,843,787
i
+ 11.1
4,625,958
.
'
Port
48,146,481
3,420,013,612
8,091,029
5,636,357;
———
Worth
3,442,562
:!
YY..;
8,991,700
.........MM,
Galveston
5.4
'■<:
+13.3
•
57,501,270
12,578,797
,6,340,725
...'•
..
District—Dallas—
-
Beaumont—-—i-i
Paso
--
f*
172,705
3,000,907
40,750,380
908,141,612
^
.
106,761
+18.5
3,010,218
j
K
+ 33.4
•
18.3
3,019,887;
;v
Total (18 cities)
Ft.
X,
36,747,529
•
+28.5
+
166,430,466
...
Wyoming—Casper
El
-
V
i
516,019
40,581,825
~
Denver
Pueblo
Dallas
'14,116,560;
V
•
163,398
3,361,633
V-
776,968
856,213
136,046
80,143,070
16,385,264
!,356,066,336 k
71,746,678 •
2,808,471 •
184,776,127 X
X 12,914,949
676,882,150
'+24.4
479,363,583!
610,471
-
+48.7
837,779
2,835*615
X +28.5
':
'
+ 25.7
:
2,882,616;
18,132,916
Colo.—Colorado
i
i
596,239,274
'
J
15,388,958
....
]; Okla.—Tulsa
:i
10,798,543
2,460,096
803,112
+ 12.5
.
570,440,702
•
2,588" 615
+
3,371,662
+ 26.4
X 47,444,489 ■X
'
"••95,000,000 r
3,731,439
6,503,601
41,783.900
■>
80,319,371 '
+ 16.3
.
'
760,767,504
+140.6
—12.1
19,343,864
4,287,432
Wichita
:
777,799
641,500
9,492,983
V
v
33.6
+ 15.0
21,740,316;
904,372
.
> 53,753,760
6.3
+
1,543,626
.......
Topeka
■j
+
-
•
.
.
6.2
+ 23.6
923,135
v
-
4.2
28,199,127
"
+13.8
•
1,995,819,821
+ 37.3
32,~6~6~2~527
2,575,608
1,140,618
+10.2
1,184,980
—
69,941,817
■
13,587,257
15,023,144
2,523,684,090
471,899
668,607'
2,831,599
86,375,262
17.3
+ 26.2
f 18.3
648,038
3,625,346
9.8
+
e v.
30.2 :.V
+
56,663,455
-
"t,
15,440,748 "X
'. :64,456,052 *■!
1.0 ". t ;
+13.7
:
+ 14.1
532,530,373
.
640,298
Omaha
a
134,789,981
M,322"8li^
39,694,598
2,734,179
•■^^W+37.6
+12.9
—
3,119,069
92,342,875
"
3,115,095
300,469
}'
147,179,844
V
+15.0
14,697,624
3,739,360
629,950,142
»
586^000
+ 16.0
"
29,575,745
•
3,546,791
101,362,258
■
,
:C
+24.3
'
3,599,782
14,693,979
Hastings
v
5~66~000
+-20.0
r
'
'44,478,528
4,278,000
14,551,450
—
1
<+25.9
:
^
6,094,324
5,570,000
4,221,098
18;550,158
40,696;395
3,552,820
16,-548,599
*r
+ 18.3
803,140
-
>
501,032,107
■&
'
28.0
+
Tenth Federal Reserve District—Kansas
City-**
Neb.—Fremont
:
9.8
-
^ e.8
7,215,076
.1,586,298 X'
•
+ 13.0
49,997,293
1,243,424,030
< •;
339,159
TOtltl (19 CltleS)
19.4
+28.4
3,112,711,677
630,663,163 \
i
7,672;652 X
-
''
+ 21.6
1,021,782
3,960,823
8,425,835
6,727,421
?
6.5
X +13.5
11,099,481v.
:
+ 20.9
'
388,592
1,380,000
1,242,619
4,684,253
9,942,593
842,407
Lewistown
84,800,000
+
"
1,408,084
3,675,198
t.
92,700,000
5.5
10,379,000
1,599,280^55XX
:"'4V >
+ 20.5
1,556,805 X":
363,141
4,106,419
"
Falls
>
$
+19.1
26.2
"
56,481,031
+ 19.5
—18.2
"
Helena
;
>:
1939
$
+ 19.3
793,886,953
>
1940
+ 23.7
516,154,323 '
"
V
or
Dec. ft
112,100,000
—
2,496,792
3,832,215,041 T
8.2
+
-
2,030,040
12,597,096
Minot
D.—Aberdeen
t
i
....
13,558,628
tjy.
1,882,422
-
.
Fergus Falls
N. D.—Fargo
;
+ 16.8
332,335,208
'
160,762,640 ' :
...
Inc.
$
"•
133,500,000
"c +
18,187,002
»'
f>
v
—
' 'dmm'ddm
3,016,000
+11.1
1,770,199,523
-
615,809,459
1,808,203
13,118,000
»'*+18.4
v
793,606,564
14,670,154
-
Minneapolis
3,087,474
'947,830,420
+12.3
363,003
>
926,897,313
■
-
J
9.1
+10.8
+
-
122,440,690
429,860
Minn.—Duluth
:
2,233,295,238
>. 17,266,247*-
—11.5
4,572,703
3,351,000
j
+ 20.9
684,914
•"
<
463,801,319
'v
'
vr':
Total (7 Cities)
Ninth
•
198,727,929
^
1941
$
'
747,207
Qulncy
1942
ft.
'
220,119,387
111.—Jacksonville
4
or
Dec.
$
4,047,878
«.
-
Independence
' X
;
«
560,735,911
■.? Ky.—Louisville
X Tenn.—Memphis
Week Ended May 2
Inc.
1942
$
.
Eighth Federal Reserve District—St. Louis—
Mo.—St.
or
Dec. 7o
"
1,662,991,690
+22.9
6,346,437,167
»
494,897,140
THE COMMERCIAL &
Monday, May 11, 1942
FINANCIAL CHRONICLE
Stock,Exchange
Stock and Bond Sales «» New York
DAILY
Cash
NOTICE
and deferred delivery sales are
U.S. Government
Below
-
-
disregarded In the day's range,
YSiSYSS&SYim
WEEKLY:'. 'YEARLY
-
No account Is taken- of such sales In
unless they are the only transactions of the day.
Daily, Weekly and Yearly
furnish
Figures
Daily Record of
V. S.
Bond Prices May 2
May 8
MayS
May 4
Dally Record of U. S.
Bond Prices May 2
May 4
May 5
United Stales
Stocks,
Railroad
Week Ended
Number of
and Miscell.
Foreion
Mag 8,1942
Corporation coupon
y-
York Stock Exchange
Transactions at the New
Securities on the New'York Stock Exchange
a daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage
bonds on the New York Stock Exchange during the current week,
after decimal point represent one or more 32d of a point.
'
1 >
we
computing the range for the year,
Shares
Bonds
Bonds
Government
""
2
Bonds
Saturday..
May 6
Monday...
Tuesday
Wednesday
Thursday..
Friday.,....
Total
High
High
Low.
Low.
Week Ended May 8
Close
Close
Slock
New York
Exchange
Stocks—No. of shares.
High
Bonds
Low.
i
Close
U. S. Government—
Foreign.......
Railroad & industrial.
.
High
Low.
Total
?
Close
Lo
2M s. 1951-53
York Curb Exchange
V
Transactions at the New
C1
Daily, Weekly and Yearly
Total sales in 51,000 units.
High
Low.
33<lS,
Lo
1944-46
(Number
Week Ended
$1,000 units.
Total sales in
Bonds (Par Value)
Slocks
Close
of
May 8, 1942
Domestic
Shares)
3^9,
Lo
Government
Corporate
Saturday..
$1,000 units.
Foreign
Foreign
Tuesday...
1946-49
Monday
Total sales in
Wednesday
Thursday..
Friday
Week Ended May 8
New York Curb
y« Exchange
Stocks—No. of shares.
-
•
Bonds
Domestic..
Foreign government-..
Foreign corporate
j Lc
2s, 1949-51.
(Cl
Total sales in $1,000 units.
High
Stock and Bond Averages
Low.
Lc
2^8, 1945-47
V
i
.
'
'
*•
.
Total sales in
Close
[Ci
'Below
$1,000 units.
are
the daily closing averages
stocks and bonds listed on the
[High
[Low.
[Close
as
of representative
New York Stock Exchange
compiled by Dow, Jones & Co.:
Bonds
Stock*
High
Low.
10
Close
10
Total
30
10
First
Second
65
Indus¬
Grade
Grade
40
trials
Stocks
trials
Raits
Rails
Bonds
High
Lo
2Ms. 1956-59
Total
Indus¬
Low.
Close
Total sales in
$1,000 units.
High
Home Owners' Loan
3s, series A,
Low.
1944-52
Close
NEW YORK BOND RECORD
Friday
*
Odd-lot sales,
t Deferred delivery sale,
2 Ms,
JLc
1949-53
Last
Range at
Sale
Friday's
Bid eft
Asked
above table includes only sale
Transactions in registered bonds were:
1947-1952
114.14116.2
1944-1954
107.30108.27
1943-1947
.1943-1945
103.15104.20
3Ms
.1944-1946
104.18105.20
.1946-1940
107.27108.14
.1049-1952
109.14110.22
Treasury 3 Ms
Treasury 3M8
Treasury 3s..
Treasury 3s..
NEW YORK STOCK RECORD
Treasury 2M8
Treasury 2Mb
Tuesday
May 2
May 4
May 5
Sales
SALE PRICES
Wednesday
May 6
Thursday
Friday
May 7
♦37
Range Since Jan. 1
NEW YORK STOCK
On Basis of IQQ-Share Lots
the
EXCHANGE
Week
May 8
S per
STOCKS
for
Monday
Lowest
Shares
$ per share
38
Abbott Laboratories..-No par
4% preferred-----
37«4
Abraham <ft Straus
♦44
45
Acme Steel Co
♦19
♦10
■
3H2
♦59
1?8
♦65
Year
Lowest
(1941)
Treasury 2Mb.
Treasury 2Mb.
Highest
57g
100
No par
25
Adams Express.--
No par
No par
20
Adams-MUils Corp
1012
Addres3-Muitlgr
32
Air Reduction Iuc
70
Ala & Vlcksburg Ry Co.-.100
1?8
84
Corp
10
No par
Alaska Juneau Gold Mln._.10
Albany & Susq RR Co..— 100
Allegheny Corp.-No par
5 M % pf A with $30 war. 100
5M% pf A without war. 100
$2.50 prior conv pref.No par
37i2M*y
5
Mar 24
104
32
Mar
19
Jan 21
10
Mar27
29i2 Apr 28
Jan
6
1^4 Mar 24
85
*
Apr
16
9
Jan
2
3i2 Apr 17
3i2 Apr 18
0i2 Apr24
.1946-1948
107.15108
.1951-1955
109.5 110.26
.1955-1960
107.2hl0.15
.1945-1947
105.23106.9
.1948-1951
107.16107.30
.1951-1954
107.2 108.28
.1956-1959
108.15109.18
1958-1963
109.17
109.23
108.16109.27
1960-1965
♦110.2
110.10
108.16110.12
1945
105.15
105.15
1948
♦106.30107.6
106.17107.7
1949-1953
♦106.11106.19
105.24106.23
.1950-1952
♦106.17106.25
2Mb.
Treasury 2Mb.
Treasury 2Mb.
5
44«4May 6
512 Apr 21
61
2Ms.
Treasury 2Mb.
Treasury
♦293s
534
Highest
Range for Previous
Treasury 2Ms,
Treasury
share
♦1065s
Treasury 2Mb.
105.15105.25
106
107.2
.1952-1954
♦103.15103.23
103.6
.1956-1958
♦102.22102.30
102.18103.14
.1967-1972
100.18
Treasury 2Ma.
.1951-1953
*104.29105.3
Treasury 2 Ms.
.1952-1955
*100.25101.1
100.24101.21
Treasury 2Ms.
.1954-1956
*104.29105.5
103.27105.10
*104.18104.21
104.5
Treasury 2 Ms.
Treasury 2Mb.
Treasury 2 Ml 8.
Treasury 2s...
101
Treasury 2s—.
101.6
100
104.6
101.17
103.14105
104.27
101.16102
103.27104.24
♦100.8
Treasury 2s.
100.16
100.28 101.5
100.4
Treasury 2s...
For footnotes see page
100.23
*104.14104.22
Treasury 2s...
100.4
100
♦103.13 103.21
Treasury 2s...
For footnotes see page 1817.
109.26110.8
103.26104
1946-1956
Treasury 3M8
-
Treasury
Saturday
Hloh
Treasury 4Us.
Treasury 4s..
coupon
Treasury 3M»
f
NO Sales.
;■
Total sales in 51,000 units.
LOW AND HIGH
Low
U. S. Government
of
Treasury 3 Ms.
[ci
Price
J Cash sale.
Note—The
bonds.
Week's
BONDS
N. Y. STOCK EXCHANGE
Week Ended May 8
1818
100.22
102.22103.18
Volume 155
\ •'
:
Number 4071
THE COMMERCIAL & FINANCIAL
CHRONICLE
i-
<
NEW YORK
BOND RECORD
BONDS
*
N. ,Y. STOCK EXCHANGE
!
•
Week Ended M ay 8
;
Price; Bid
«v.' •'
;;
i
3'-is....-.j
i
..J
I
j-
i
'
Jan. I'
<&, Asked
..
V-
Low
j.'V-- ' I
Low Y
High
■
j
104.6
104.10
104.14104.25
3s series A..,.'.i.i...:l944-1952
104.2
y 104.6'
104.5
.100.9
100.9
100.30
;,wj4'ioa:f
Moii4.ioiw
$ per share
691«
*1334
16i2
:*1334
|
IA
rjri)- ■
*46^4
47 "a
'*46?8.i:47i2
*20,
{
i
*
16l2
| ♦Gtd sink.fund fts]
...1948
jAkershus (King: of Norway) 4s. 1968
c6U
External
S
s
s
13^
1034
"10%
137*
11:
14%
vl0%
•
*2234
\
14%
10% "14%
S f external
,V ;..i*
4)*s.J—*.•—-.1948
M N
loan 4%s
1971 MN
S f extl conv Joan 4s Feb —.1972
F A
S f extl conv loan 4s Apr ...1972
4 O
•/. istralia Com'wealth 5s
..1955 J
J
1
External 5s of 1927... .....1957 M 8
I
External g 43*8 of 1928...-.1956 M N
S f ext
14%
«*7114
77
71 H
"53)4
65%
,65
38
71)4
.71
64%
38
64%
5834
36%
71
5834
5834
■
53
62.-
<109
>
*17-
;
•
*105
.
J
*1512
16
♦15I2
i 94.; ,95t8
*uir
84
I *3'4 :4
:
*18
5
„;
f External
s f 6s
Externals!78
Y
...
....
.1949 M S
.1955 j
j
.1955 J D
(♦Brazil (U S of) external 8s.. .1941 J
♦External s f 6)£s of 1926.. -1957 A
♦Externals f 63£s of 1927.. .1957 A
♦7s (Central Ry)
Brisbane (City) s f 5s
D
.1957
0
83 Y
95
83
96
2234
33%
28%
29%
29%
28%
2834
62
58
D
1834
18%
19%
28)4
62
R
A
J
93
92)4
3234
2734
28%
D
1/
F
95
9234
92)4
31
2734
3234
0
.1952 J
Sinking fund gold 5s., .1958
Sinking fund gold 6s
.1950
83
92%
91J4
37
;
94
%
*18
'
*94'
I
19
ifiSl-
-
62
44
65
*6s stamped
1961
•_
>
58
61
603-4
62 34
60'4
$ bonds
387g
83
69
43
1984
*44
62%
61%
63%
48
57 %
-
4734
7
1
I
10-year 2 Hs....
25-year 3'iSa
;
\
\
7-year 2%s.„
30-year 3s.....
j
30-year 3s
.....1945 F
..1961 J
(♦C'atlsbad (City)
;l;
i
f
1944 J "J
llxtia i
t
*Ry extl s f 6s...J....*.Jan 1961
'"-♦6sassented. —J——-. Jan'. 1961
•Extlsinklng fund 6«^.-Sept-1961
•
*6s assented...a-i«iSept 1961
j
assented......-..Feb 1961 F
A
'
54*2
*Guar sink Tund 6S-.
♦1734.
1634. •1634
*17%
M N
A
'13%
12%
D
15
D
♦16
18
1534
*16 ;k
15.
iS34
13
O
O
■
M N
y
*16
\
*19.
.
3714
i
(♦Chinese (Hukuang Ry) 5s—— 1951
14
.14%
.11)4
;
i.vr.;
'4734
...
bonds......1970
1961
n
■
y
■■
4734
"36 34
37%
29%
3634
2i2
135
135
*29-.
'
30%
;
*13717%
28)4. .2834
l
10%
8
*7'
7%
27%
3734
J-37
"l784
17%
,10%
10%
<
8%
1634
91%
*28
Copenhagen (City) 5s........1952
Sjas.'-...
25-year gold
s
16%
*88
■'
*37)4
*378
23%'
334
;*39
44
"3% f 384
*39
43:
25
24% •2478
27
*59
;
334
,27
2%
'214'
-49
;
100
External 5s of 1914 ser A....1949
102
77«
■
9
*7%
(Rep of) 8s...1951
♦Sinking fuud 8s
ser B......1952
25%
24%
97
100
12%
18%
100
.;
2%
•
*4534-
55
2%
•60
-60
2434
-
S3
*14
10L
*7% '•
9
i
External gold 534s....
|
External
•3734
u.1955
37%.
34%
3034
71%
•-
*69
*60
y
*69
-
>
a-
,
V,''
*7
9
1%
*28%
29%
*7
3-5
63
71%
.59
.
71%
63
,
72
61% .70
65
' 70 >
1:1
'
♦EI Salvador 8s ctfs of dep.... 1948
^Estonia (liepubiic of) 7s..... 1967
*13%
14%
v.
8
3
100
1
Feb
•
30
55 div preferred.:...No
17%
Jan
95% June
3
»u Jan
5
Apr
26% Aug
% Dec I
3%
Jan
20*4, Dec
4634
Jan
17% Dec
3'4 -Dec
39
Jan
Jan
6
4% Jan
165
12
59
3
Jan 13
Feb 24
Jan
Dec
50
7% Jan
35% Jan 14
Dec
S
May
Apr 2!)
Apr 29
144
147
Jan 14
Feb
34% Jan 16
Mar 14
12
29%
Feb
Jan
v
Jan
111% July
Dec
Feb
Jan
May
f
II s4
;
{ 74%
159
3% Dec
>
23% Dec
112
3% Dec
<
; 7?v Jan-'
29% Aug
t
Feb
51
>
.56
*55
*40"
24%
24%'
24%
'24
*6
54%
s
Dec
8
46% May
22% Feb
30
24
Dec
35% July
11%
5% Jan 14|
Jan 13
Apr
17% Sept
■234
50
28% Jan 14
30
Jan
5
3
2278
•
37 ,c
•
22%
47l2
*75
V-'1
4%
*234
84
*41
if
44%
-
*112,
*
120
*6%
4%
*4%
*643s>
*56
6%
25
60
24%
6%
667s
800
778May
1
7% preferred.. ....—-100
"2", 500 Armstrong Cork Co...No par
.100 Arnold Constable Corp;...—5
.
24%
6%
21
2
Mar 11
273« Apr
108% Apr
2% Apr
5334 Apr
53
Apr
$6 conv prior pref...No par
Jan
21
24
2/
1
20
2
5% Mar 20
44"
*6%
*6%
*1%
*15%
-3
^3
iv.'3-\
*
-15
3%
3
f;
109%
6%
7% 2d preferred..
*25%
96%
*96
July
110% June 115% .Oct
112% Mar 19
10
Jan 16
7
12%
ffr 34 Dec
111% Mar 12
4% Jan 14
108% Mar
67% Feb
60
5%
65%
22%
20%
153*
100%
6%
47%
'
38
15%
15%
'100% 101%
6%
47%
6%
72
Sept
34%
-
*43
47
*43
47
116
♦111
116
6%
1%
1%
*15%
1%
: 6%
21
3%
v
16%
3%
3
*6%
*1%
1614
3*8
3
9
25
6
2
39
Mar
2
70
26,
MarlO
34
Marl6
45% Jan 3
23% Jan 28
Apr 28
638 Apr 11
46*4 Apr2a
100
5
,
109% Feb 20
7
Jan
5
60% Feb 10
53 %^ Dec
,1,70% May
Feb
28% July
13%
13% Feb
16% Jan
19% June
107
May
6% Feb
47% Feb
,
61
Apr
6
j 35%
,
45%
56
28%
10
$5 prior A—.......-No par
3,700 Aviation Corp of Dei (The)..3
1% Apr 17
15% Apr 28
3
Apr 16
22
Jan
6
2,800 Baldwin Loco Works
10% Apr 17
1434 Jan
121
2
9
2%
Apr
Oct
9% July
3?8
<
Oct
25%
13g May
13
May
9
4% Jan
2% Jan
Dec
72% :Jan
Feb
Jan
Oct
Nov
111% Sept
7% July
51% Nov
May
111
70
116
/
Jan
90% Mar
31% July
S
*Apr^8
Mar 23
7
Jan
Jan 17
'44
112
6%May
Aug
18
9% Jan 26
par
5% conv preferred—....100
100 Atlas Tack Corp.:.—.No par
100 Austin Nichols
No par
5
Dec
82
'
Jan 20
Jan
10% Sept
88
Sept
102% Aug
Dec
20
7
Mar 17
1/
Jan
91% Oct
76
Feb 21
90%May
.3
1438 Apr 30
50
200 Atlas PowderNo
7
1%
16%
Jan
viVH:
6*4
Dec
5'% Dec
78
' Dec
5
8
Jan 17
83
33
100 Atl G & WISS Lines- -—I
100
5% preferred
100
•
7<h
3
Jan
934 Sept
6% -Dec
2
20
100
6.200 Atlas Corp..::
200
6% preferred.
47%
*112
120
5% preferred..
4.100 Atlantic Refluing——:——25
900
4% conv pref series A.:.100
61
*47
20
1,700 Atlantic Coast Idne RR.-.100
20«.|
♦34
34%
1,100
034 Jan
77% Jan
8
Apr
8134 Jan
27% Jan
60% Jan
20% Apr
209 Assoc Investments Co.No par
880
5% preferred......—:-100
6,900 Atch Topeka & Santa Fe—100
22%
Feb
4% Apr 28
64
100
98
3634
65%
4
61%Mar.24
..100
—
28
Jan
70% Sept
•
Jan
20% Dec
26% Jan 15
7% Jan 26
Jan
33% Sept
112% Sept
2% Dec
47% Jan
4
Jan 21
66
Feb
26
Jan
2%
Dec
1% Jan 16
Jan 15
35
87%
Associated Dry Goods—....1
26
36%
'
47
•40-v 46
*112
6% 1st preferred
'20%
34%
15%
6%
47 ;
7?8
-3t8
*19
109-100
'
70
61%
4%
2% Apr
Corp........No par
7% preferred
100
*55
22
2178
38
15
"1,406
Artloom
4%
*64%
■
3634
65%
;
Yoo
■
.
84
26%
*25
21
3
•
*75
61%
.
21,34
'
*34.'
-47%
44-
4%
70
*55
96% '-•96%
36%
36%
6678
65%
2I84'
*19
4%
*6438
434
25
96%
3
3
84
70
3578
22
*234
*75
62
'
:
96
6678
3'
84
'
37
*1%-■1% )■ *1% 3 1%
*15% 21
*15%
16%
21
:
70
26%
112" Y 120
77S
•
*75
62
.
*64%
*467».- 47% (*4678
*«>8 f 73.4
*138
1%
Jan
5634 July
'
500 Armour&Co(Del) pf7 %gtd. 100
5
2,600 Armour & Co of Illinois
5534
*40
24%
6%
*6
600 A P VV Paper Co Inc........5
300 Archer Daniels Midl'd. No par
30
110% 110%
278
3
60
*6'/.-; 6%
100 Andes Copper Mining.....20
1%
'30
56
60
,
*66
Jan
Jan
Jan
7% Jan
,99% Jan
8% Aug
; 81% Sept
2% Dec
64% Dec
76% Jan 14!
Aug1
11634 Aug
Sept
3'i Jan
70% Feb
Jan
73%
j
Dec
'
2
17
19%
I6834 ;Jan
43%, Dec
43% Dec
2143
5% Jan
28
28
11
!7
,13% < Jan
22% Sept
98 r Sept
{
115%; pec
3
116% Jan
27
Jan
28%
13
5034 Jan 27
Jan
150%
81
4934 Jan ;2"
6
54 v
Dec
Dec
8% Dec
rl' 6%
21% Jan 24
13434 Jan 6
Oct
Dec
1538
21% Jan 13
97% Jan 14
Jan
Dec
139
M 834 Mar 30
Apr 17
1
40% July
33% Dec •'! 45% July
138
Mar
155; Sept
29
20% Feb
2
7
10%
Dec
Dec
6
/
•
Jan
165% Aug
15% Jan
'
7334 Jan
1
•9
4-%
.
7%
Feb
155
5% Jan 12
43
23% Apr
26
Apr
12% Mar
108
Apr
121
Jan
23%
Dec
'26% Jan
28
/Apr
Mar
111
Jan
6% Sept
;23
22
'<
3% Apr 29
Mar 80
par
1334
Feb
Apr
15%
2
26)8 Jan
40
80 Anaconda W A Cable..No par
200 Anchor Hock Glass Corp. 12.50
'
Jan
Dec
Dec
2%
4
2334Mar
119
334 Apr !8
256
Apr 15
$5 prior conv pref
^^:..25
9,400 Anaconda Copper Mining..50
\
50
5% Jan 30
Apr
178 Apr 15
41% Apr 28
100
9
"*1%
3
56
63%
*56
26% .*25
99%
96
37% 3 3634
6734
6678
22
22%
.
.
•96
3678
-,*1514
; V-3
»>
2434
27
Jan
Jan
Dec
7%
77%
y
8% Dec
108%May
No par
1,100
Preferred..:—..1.100 Amer Zinc Lead A Smelt
4%
13%
38
2% Dec
6% De3
1
70
•56
:*25.
96-
22U
:
5
14
.
6%
*8)4
63 * 2
>42?- 44*2
>112. 120
70
3%
47
Woolen.:
2% Sept
30% Oct
Jan 15
143% Jail 14
'5 'Jan 19
22
5% preferred..:.——100
300 American
Feb
16
120
3,400 Am Water Wks <fc Elec.No par
200
$6 1st preferred.
No par
r
60
*7
9
*40
*2»4 '- 3
84
i 4.%
*4%
*6438
67
36't
<*4612
69
70
-
3
21*2 *19%
20% *19
20%
3712 *3438
*34
.♦34
38 ~
{- 1412 1434 I 1484: 15% v ; .15% -15%
♦lOOU 102i2 *100% 102% 1101- -101
6i2 ]
6% S, 6% i
6%,; 6%
71%
,70
.
61
6934
2%
24%
*1%
I84
*28% 29%
108% 109-%
108%-108%
i 278
278
f*19
<
1%
60
24
..
6% f:
*75
•
25
■
96«
32
-
50
3%
*40
25
27
: 57
*40'
3
*234
84
25 >
'
17 •.) '\~y
"
'■
I:
46%
26)4
22%
35
32
71%
1st serk«£ 1.4.....1969
' 634s 2d series_..._1969
I
29
r*G--'.
*4-'tK i! 434
*6438 70
;
'
| <!, 534s
*75
i
<
40.
-
51% Aug
Dec
'
•| 67
.
*69
3
!
21*
15
23%
20
•
434s..-...Apr l5 1962
{♦Dominican Rep Cust Ad 5)4b1942
'5 {♦1st ser 534s of 1926....
1940
f
§*2d series sink fund 534s...1940
i Customs Admin 534s 2d ser.. 1961
g
*23%
6>2
*234
1 *56--
WMM
f
\ •
j
■
1
*"
;,|♦Denmark.20-year extl 6s..-..1942
23%
24
*8
^56
;
60
;
115
.
v-*27g
53%
!
107
106
278
55
*40
23l2
100
115
56
60
.
103%
'.75 1"; 83
600
Jan
Jan
I
Jan 21
34% Apr 20
Apr 6
334 Apr 27
..25
6% preferred...
100
; ! 500 Amer Type Founders Ino-.IO
6,300 American Viscose Corp....14
109
38%
4%
33% Aug
6
33% Apr 24
25
Common class B
Feb
May
42% Dec
Jan
27
17% Jan 2
101% Apr 29
600
4%
6034
•
3%
42%
24%
*26%
1,700 American Tobacco—
5,600
2%
7
40
7834 Mar
300 Am Sumatra Tobacco—No par
38
*4
Feb
Mar 27
9% Jan
-.100
39
*45%
-
60
3%
42%
.
42%
24%
2%
50
4
7% Jan;
15
Mar 26
16,509 Amer Telep & Teleg Co.-.100
.!•!
-4-
'3% $ .3%
*39%
:
:
Preferred
Jan
20
3
is4 Apr 16
2938Vlay 1
,.:16% Apr 17
No par
37%
109
<29
139
Amer Steel Foundries.-No par
38%
2378
*45%
.
4%" 'V 4%
*59 1 60
19
127% 127%
*334
4%
23%
23%
4
23%
500
1%
2838 Sept
3% Jan
24% Sept
v
■
3
f
;
18%
101
102%
.
56-
,
« *41
10134 102%
10134
10134
116
*16%
*27g if 3
18)4
100
.
28
V
134
100
2,100 American Sugar Refining..100
110% 111%
38%
109
109
h,'f*Jy^'y:'
'
26%
378
•2%
49.
91
126
37„
23%
108%; 108%
y*4% •v. 4%
,
17
19 7
36
25
300 American Stove Co
6% Aug
Dec *
2
27
46% Jan
6)4 Feb 13
26%May 6
*
500 American Stores...No par
8
♦88, "
37%
381.4
125
4
107$
17 '
t19,4i '19%
110% 112%
'
"9,900
Jan
19% Aug
9534 Sept
178 Jan
.!
Jan
29
3% Jan 10
434 Mar U
Preferred....:.100
6% preferred.....
17%
-
8
-
500
400 American Snuff
...
1078
'
\
17%
23
1734
*99)4
101 %
lOt 34
81%
External loan 4)48.
..1949
4Hs external debt....
1977
Sinking fundus...Jan 15 1953
♦Public wks 5)4s...June 30 1945
f^Czechoslovakia
*23%
21
Cuba (Republic) 5s of 1904.... 1944
?
.
23
1953
Cordoba (Prov) Argentina 7s.. 1942
♦Costa Rica (Rep of) 7s......1951
t
'
8%
■'
30%
.
17%
-
100
170 Amer Ship Building Co.No par
2,400 Amer Smelting & Refg.No par
134
30%
17%
.
2%
134
*137
..
25
4%% conv preferred
Jan
Nov
9% Aug
Feb
% Dec
1434 Feb
1% Dec
ll7g Apr
35% Mar 18
113% Feb 20
21%May 6
% Mar } f
'■
15% Apr 23
12% Apr 16
3% Apr 25
145
Apr 28
9% Apr 29
i 5278 Apr 28
1.300 American Safety Razor..18.50
?
200 American Seating Co..No par
'
37%
,
*137
37%- -37%
37%
3734
38%
39%
,38% 39«4
l2478 126
"124%' 126
i .*1 H
1*4
1%
1% Pi *U4 ■ 1%
2814 28M
*28%
28
29%
-28
*108% 10938 *108% 109% *108% 100%
28
7%
2634
'
850
:
,v
8»4
;Jan
3%
% Jan 10
Jan 13
'
5%
121
% Dec
/
24% Jan 13
32
Jan
8
4%
16
.........100
2,800 American Rolling Mill
9%
78
,
Jan
Jan
zl7
1
4% Feb
9%
55 preferred
Pre ferred
"
*26i.t
;J
'47g
4%
23%
115
Apr
90% Dec
9% Mar
434 Deo
Jan 21
7
No par
12,000 Am Rad & Stand San'y.No par
55%
8%
50
2,000
♦5%
**
v
10%
•
16%
145
6
76
100
187*
4
Jan
107
2% Jan 10
14
6
American News Co
No par
2,400 Amer Power A Light...No par
1.900
$6 preferred
No par
*140
145
28
35% Mar
600 Amer Metal Co Ltd...No par
6% preferred
2
19% Apr 20
.
6
2% Apr
100
*1534
1534
4%
Mar
2,100 Amer Mach A Metals.-No par
""266
Apr
25
Locomotive.No par
Preferred
Dec
6
■
ar3078 Apr 13
1% Jan 5
50
187*
19
17%
4
100
16%
Mar
3434 July
,1
%
55
10%
50
j 5-<t.
%
%
'
5%
7%
*778
1
800 Amer Mach & Fdy Co.No par
55%
8%
•'j>"•''>(
5% conv preferred
3,000 American
10
!
10%
'■»:
10
7%
77%
*76-%
10
10%
16% "16%' 1634
•91% :927s *88-" 02
*19% ^ 19%
19%' 19%
Hi'
112% 1103.1 11134
38%
126
40
7
5%
10%
':
16% Jan
500 Amer Internal Corp...No par
American Invest Co of III
1
6
*373.4
7%
77%
4
5%
7%
*7h
*16
8
27
77*
6% conv preferred—
J,-3
"26% *26 " 27 I
*26%
15
*13i2
14*2 :*13%
13%
13% *13%" 15
*1334
15
*13«4 15
108 f 108"107% 108)2 *10712 108%
*107% 108% *107% 108% *107% 108%
'
2834
36
*5
6
*140
"
2534
.25%
25%
*28
♦Sinking fund 7s of 1926....1946
♦Sinking fund 7s of 1927-... 1947
2% Apr
33% Jan
2634
3734
: 136% *134% 135%
30% 12934
2934
*29
*137-
18
.
.♦Colombia Mtge Bank 6)49—1947
%
1
26
*23.4
45
•»«
54»4 .55
*7 .-♦
134
30%
,
177^
50
5934
•
200 American Hawaiian S3 Co. 10
*33%
r,79% July
1
•
2
2
2
24
16
21
490 American Hide A Leather...I
Jan
i
2
234
185
Apr
Feb
98% Jan 23
% Jan 14
19%
Aug
0514.
56
17%Mar 20
5% Jan 5
4
Jan
8% Jan
39
June
130»4 Oet
3
55% Dec
157% Dec
22% Jan 27
9.11
1
23
95.
:
27
-3%Mar 28
18% Apr 25
26%
100
5% Apr
934 Aug
41«4 Dee ! 47% Dec
9% Jan 2!
18% Jan
1% Jan
J 58% Jan
2
Jan
110
5
May
% Jan
63% July
22% Deo
»
Feb
Feb
73-% Jan 13
20% Jan 3
33
15*4 Apr 30
i7 2d preferred A...No par
$6 preferred..
No par
14%
AO
0
92
,
:
!
Feb 10
166
24
30
16
lo
Jan
Feb'
'
41% Feb
6
8
7'2 Mar 11
600 American Ice—.......No par
200
6% non-cum pref...,..100
1534
26% "20%
'
37%
37-
135
2%
*48
44
•.
24
*26
46%
36%
;
*4%
'60
4i2
*3)8.
*39
100
10%
54%
Get
Jan
Aug
Aug
Sept
•
3
65% Jan 28
4% Feb 19
2,100 American Home Products...1
10%
i 0%
15.
*2%
10
5
Apr
Sept
5% Jan 14 i
3% Dec
33
Jan 15
26%: Dec
13034 Feb 10 1122% Apr
1% Jan 3
;i
1
Mar
Mar 16
69.
26%
10%
5434
; ■'•'■5
23% Apr
Apr
'16% Apr
105%. Apr
62
.200
2
U4
29%
*18%
145:
Aug
1434
^
56% Apr 29
159
Mar 12
Amer European Sees..No par
American Export Lines Inc.. 1
4034
16
'
10
)7l4 <:-*7Y f 7%
28% ♦26% ■28%
37% ,.'37% •37%
245s ) 2478
5934
I
'
39%. 47%
4334
4634
48.34
54"
y
5
10%
18%
<
5
Jan 28
23% l-%b
48% Jan
7% Jan
'■47*
Apr 28
Apr 20
1% Apr 13
.
400 Amer A For'n Power...No
par
$7 preferred
No par
%
22%
v
120
C 5% conv preferred..:.:.100
American Chicle.-.—..No par
*1%
•
'
14%
s
lo
23% 23%
108% 108% *1081.4 109
45 : » ;45
•
"766
4%
4I4
'4%
4%
16%
I684
163.,
17%
'114% 119
*114% 119
22
22
*21% 23%
%
23
...100
.
40
f Y 4%
.4
*140
>23%
108*2
•'
3
12
4%
146
..
*29
*
i
1434
17
Mar 12
5% Jan
~
3834 Apr 14
3% Mar 11
*18%
934 '
22
>#jr
18%
1578
1934
*139
♦4
233«
5:
.14%
*1434:
Colombia (Republic of)—
♦6s of 1928-.
Oct 1961
23 '
15%
11%
\
414
il08>
Preferred; i
3978
"
4%
2178
%
1% Jan 26
18% Jan 27
50 ?
-
1%
1%
29% 29%
3: 278 Y 278
•3934
134
114% 119
22%
4
111% 113*2
38«2
119
58
*19)4
*16%
.
*36
123
•
-414
1634
*22
C91%! 91%
*19% 20
U134
4%
1634
*114%
|-I6i%-J6%|
20
I *4%
13)4
I
3714
38'4
15
13
1634
10%
*4%
'■4
55
v
17*4
1*101*
8
jlKUj
15%
*1.5%"
14%
*16%
10
10% ;
•
1634
9138
.
12%
.14)4
*934
17*2
4%
>■
•
\ 3OI4
*137?
10-'«s
:
*89
j
.12%
*15%
-
,1434.
S
135
303s
*16--
15%
15%
14)4.
S
136
\ Wi
16%
15%
15%
13
D
*76%
%
28%
1123
1960 M
.......Jan
■15%
1634.
•*16>"/
D
..>.1960 M
♦flsof 1927
.1634
20
.
7834
22%
» 87*
1 *1P«4
16%
17%
16%
,16%
.1334 '16%
15%
15%
13
16%
'13% 16%
1634
*16%
!
16 '4
♦17)4
1962 71/N
3s external s f $
C'.'. iC
•-14%
S
vtl 961 A
♦esassented.—1961
i 47sassented.....
*13)4
16 %
•
17
1234
15%
16)4
M
1 *Guar sink fund"Sgi*i'^ii'Ji4962
*6s a-sented
♦Chilean Cons M unit! 7s
1734
A
1961 J
•
•1734
•
1
371.1
|-J8> "l¥
M
O
28
3714
t *29i2
*137 3
:
%
36
*3734
7%
*76%
119
7*4
18
16 ?-s
O
»
17
4
2
2%
*5
7%
78%
10
*76%
'
Mar 27
6% preferred...-»50
240
19
22%
.
27
6
^
i-5
73s
1634
16)4
17)4
6s...1963 M N
♦6*48 assented.-...
—
i
5t8
1;
,13
*3%
18%
4
27
3734
7I«
•
13..
'
3
19
300 American Crystal Sugar.... 10
6% 1st preferred—100
800 American Encaustic Tiling.. 1
%
19
:i *2%
*33
39%
*1%
167% July
9
Dec
713s May
87
24%-Dec '37
14% Mar
21%
•% Dec
1%
10
Apr ! 20
>
30% Jan
18% Feb
5!
25% Apr 17
Am Coal Co of Allegh Co NJ 25
16%
%
7
4%
j 10"8
r
.•-1234
13%
36%
39%
81 * ijan 13
.1434 Apr 17
American C'olortype Co—10
1,200 Am Comm'l Alcohol Corp..20
9578
13.4
19%
373.J
146
5
>13
J
•6)is assented. J
.....1957 J
♦Sink fund 6)48 of,1926
1961 J
:
4%
-
*7.
*2714
•13434
16%
22%
38%
7%
20%
!
17%
*34%
Jan
6% Jan 27 \;%5
:
'43
par
'"""200
"8%
♦'Its
*%
27%
2%
:
♦94..
*1%
*18%
•
Y'ioo
<*5
8
U16
*3%:
2%
1934
*2634
2%'
Jan
11%
1
10% Feb
11% Dec
14% Jan 26
"n Jan
400 American Car & Fdy..No par
18
*438
16%
*1834
*3734
*
17
"131
10>4
5434
16 34
J
•Chile Mortgage Bank 6){S—.1957 J
•
\
*14%
•
22%
;
25%
I
135% Dec
12% Jan 26
Apr 28
65%May 5
22
Apr 29
14-% Apr'17
"
100 Am Chain & Cable Inc.No par
76
9578
•
18
■
*5
10% i;
16l2
145
f 54
♦73
7%
^ *94
6
38i2
7U
20
1
18
'■
J
| ;;; *6s assepted—<..1963
,
4ia
-
f*16
9578
*5
%
;
17
1634
J
♦External sinking fuud 6s...1962 A
♦6s assented.....ii.-—-.1962 A
{
2038
17'K
i*10Y
»;:$>
1534
17%
1634
1734
r
a
♦External sinking fund
|
1634
O
1961 y
6
.■
MiV
..-.I960 .4
♦Extl sinking fund 6s.".Feb
j
-
JrJ
7s.l....l942
;
j
9934
99)4 si' 99%
95)4
9634
95)4 J 9534
J
.
*68
9934
f 131
18
734
tg*# v\ ^2
23
*1%
Dec
~
4
•
•:
*105,: 110
*4% •t 5
27fi
*
78
i
i^->«.i—1954
18s
*68 assented
j
J
—.1967 J
10134
*14%
■
7%
*23.i
,
4
75
*2i«4
1%,
10% Jan 12
11% Apr 24
3,200 American Gan.^_.^.»i«,iv:25
200
Preferredi.: .100
63%
<♦17%-17%
-17%
110
*73
17
*18-
62%
*105
3
7
*4i.j
4i2
4-%
*16i4
1678
16*4
*114i« 119
*114i8
i*2234 23l2 Z22'i
| 165s
*'
>:y 500
27«
4
103% 106)4
100% 101%
98% 9934
97%
99%
9834 99%
93% 96)4
93% 96
:
105%
99)4
89
,t?7s assented... L
1942 MJV
♦External sinking fund 08—3.1960 AO
!
i
A
——ii*—.1968 MJV
—.
fChlle (Bep)
105)4
10134
24%
65
18
•
122%
l%-.-l%
..
♦62%
.
*17
74
Dec
"~~4%
'
200 American Bosch Corp.
*155;
>24'
'"*62%
17-;
•
39%
I%
•',
V 17%
5% Jan 13
149, Jan 6
118% Apr
par
*•■•
4,049 Am Brake Shoe <& Fdy.No par
v>
100
5Ji% conv pref—.v„.—100
5,800 Amer Cable & Radio Corp-.l
163
25.
s
'-40
*'
4%
25%
122%
1%
.
42
"
*378
25
166% *155
25
24%
2978
*
/ '
1,000 Am
par
9,800 American Airlines Inc.:....10
700 American Bank Note.I.... 10
6%
62% V 63%
*29%
10%
*16
Canada (Dom of) 30-yr 4s
1960 A O
5s
.............1952 M N
1%
2934
.39%
'
Corp..No
Agric Chem (Del).:No
62.
*»U "/ «4
*3»r .'4 ♦18
1834
36
V'»"
600 Amerada Petro
48
2034
30%
41
••
122% 129
*287S
27g
*6
3812 *3734
712;:
714
19i2
*21.1
*33
»
200
68
6%
25%
62%
*16
2%
1934
27%
234
•
3,200 Allied Stores Cor p..... No par J">
4%
298.4
v
125
3914
1«8
293.1
27«
^ 78
60
2
63%
..1976
External read) 431-4H8.——1976
t Externals f 4 3-{-4?is.1975
s f
*3734
*7.%
;*2o"'42
i
-) 94%
23
>■
2
7334 Feb 27
3% Apr
'
'
%
.
••
','v" l"•*••
62
4i:U
60 34
212
36
168
*29
278'
*23.i
■
•
*22
2714
2 3*:
1«4
2914
*6 Y
%
23
*33
387«
27«
66
h
♦26U
'
21
34
3812
*1%
'
,
60:
126
5834
«
3% external
*1%
*183.4
*26%
*h
*22
*70
1977
Rofuiidings t4'4~4%s
21*
1934
291i
!
Externals f 4%-4%a...
*1*2
*1834
*31
Buenos Aires (Province of)—
j
2's
19li
2714
12
4%
*64%
6%
"*
-
-7%
*4
ti
;'f
Allied Mills Co Inc.:..No
•'
f'
30%
688
•♦|3gp; '4'g
f *3%'v 4,
*18
19
•
:""506
127g
'
29*s
62"
*14%
96
'
;«.i
10%
48 •.
4778
20% .20%
'20%
162'
J
*71
16 •'
23
i
Year (1941)
$ per share S per share
22% Jan
Alleg & West Ry 6% gtd—
Allen Industries Inc..'
1
1.200 Allied Chemical A Dye.No par
Allied Kid Co:.—......5
123
127*
66%
47'%
*105-'110;
18.
4%' * Ait?
734
'
16
*3%: 14
;
19
1 *23s
61
>
'
61%'*62ia
*7%-
*178
19U
*26i2
62
36%
:
16%
v
110>'
*Jg
*22'
Belgium extl 6)4s—
Range for Pmtous
s per share
1,200 Alghny Lud Stl
"*"506
4
*10
4%
•66%
2084
30%
6%
^
29%-
17%
*14%
y
16
92t
:
»
58%
4%
17
62
73.~v.73
'
7«4
•
*20v
'
61%.!.62'
Y7l%,/77%
7134
•70
;5834
.
*718
458
*46%<47%
^
i*7212 ■ 75
;*14i2 18
I
*4^,' 4i2
712 -7h
18
I • !*4^
i
r
6434
64 34
69)4
♦14l2
;■<£ ; »"
Vt'r?; •'<> Sx...-*
> 88 ;n 93
*105*
,76»2
13%
70%
•'15912-159% *155
'
25)4''25% '*24
•*2458; '26i*60i2 62 '
!*i634. 17l2
fl05%:1083s
24 ,v,
r
162
*384 V
5% preferred..:.i...i:100
23%"'> 23% v 23% 24
-.237* .24.
2,200 Allls-Chalmers Mfg.—1 No par
15% <15*4 *15
*15 J
16
/J 1 800 Alpha Portland Cem..No par
16;
1%
*,3io
100 Amalgam Leather Co Inc:...l
1%
fuv-Hg
*14 • 16%
6% conv preferred.......50
*1378
16%
16% ♦14
20%
29%
6%
.
10%
•
60141 6034
2512 ;25i2
1834
,;S
189 341 9034
74 '.4 •
77
9034
conv
Range Since Jan. 1
On Basis of 100-5/iare Lots
Shares
17%
75
123
*10
.
♦L59I4
j*60i2 62i«
1 *1658 ,1738
%V4
Argentine (National Government)—
j
6012
11
^
28%
6%
17%
*60%
•
>12%
*41*4 45
*4lf4-45♦37s fc 4
."yf378v- -4'ji
2434 I 24% 25
25 ' 2514
*112238 129
(122% 122% 122%-122%
1'4
l^S
f 155' > 165,
10% S14%
?
.
.
60
20%
28%
3'
6's 3;
*4%',
$ per share
17%
75
j*3«4
4
122% 123
Iv.C'
*65'
16%
*2334
j nu y }*»
13%
14%
13.14)4
29
»*41U, -4512
;
37s r". 37«
f122% 129
12)4 114)4
:
.
D
34%
32
.25%
,
2812
6's
1
6«s
45i2
:•
.*378 ; 4
1*2384 247S
.•>-•-
11434 ',^13—v. -1434
1434 !:.12)4 1^4)4
;14 34
H434 1.13
12'4
1434
|1434
"J
series. v. 1957 A O
f 7s 2d series^ 1957 a
:o
f 7s 3d series. 1957- A O
J
32
-»
*1234
iJ
3
J 114)4
r*j
114 34
Antwerp (City); external 53;>;—1958
r25
40
»
-
32
*21%
f 7s 1st
s
♦External sec
♦Externalsec
i
»'
O
3
♦External
'{
>32
A
M
TaT^iil?^ J
t 7s series C
s
28)4
.
•♦41,.
A
.
28,
.*6>9
'
334
122% 122%
*10: s, 10%
12%
12%
•
46 <.'1,47%
!2078.2Q78
21)
;
I
I
■*{$>
Agricultural Mtge Bank {Colombia)
♦Gtdsink fund 6si..'.v...,..I947 F
-
17%
*60%
v334
^
s1
Foreign Govt. A Municipal
•
XTPfKS
Friday j
MayS.,
$ per share
173.4
75
\ v%'■
?
:r.; r
17%
♦60%
4% \
,*65t2 69's
65% v65%
i*23 ; 23i2
-23;
'.23%
1512. 1534 j *15.% .16
*ui« • 13s
V "'k.
V "1.
J 5.Y 11534
*uu r Us
;
Thursday.
-V May 7
f per share
\
45s, -4%
!y1
23«4 -24
}
'■''
:
4S»
<
)
-1980
Wednesday
-May 6 --
j-
-
18's
75
i 334
•
412
j *6512
|
.
,*1734
■*60«2
J'
\
-
w
.
*3%
t
*101.18101 25
p-yv/iv*j.v/i,"
Unification Issue—
May 5
1734
177*
*60%' 75
'
iB*4
334
334
334
»12U2 12U2 1I2H2 12U2
122% 124
\ *10> 1 IU2 '*10 ? 11 3 *.10 .' 10%
1 *1212 1314 ! 12l2- J212
12%' 12%
104 23
100.9
i.„il942-1944
%aseries Mi..-i.... 1945-1947
-
_
NEW YORK STOCK
Tuesday
S per share
18
75
i
2%sseries GJ
Stock
share
per
*17%
*6012
i
■
1
3% Corporate
1
*1-3———
.
Sales
Tj)westj Highest
J S
jv
104.20
104.6
104.6
.L...J *104.3
»
i
j
May 4
-Hxgh
I
Transit
Monday
-May 2
'
New York- City •'
Saturday
'
v';{
^
Home Owners' Loan
Corp—
{
LOW, AND hiqh sale
prices
Since
■<
>
^
.a>
1944-1964
1944-1949
j
3s...
Friday's
Range
Range or
Sale )
i
L -U. S. Government (Con.);
Federal Farm Mortgage Corp—
*
; v
Last
r
NEW YORK STOCK RECORD
Week's
Friday
I
Oct
5% -Jan
.
13%
'""■hi'):'
i
|'+
if.
Cf Y:''!,■-■■'
*.1/3
Finland (Republic) ext 6s--..il945
4'rcnch Republic 7s stamped.i.1949
7su nstam ped
.
.11.
.
.
.1.
...
65
.
1949
■
•-
4
-
"
'
'■!
s
*'
part paid..
s
part
paid.....2j
i *
*
f
e
,
'
V- ■ j '
l*i
-
•"
i K
■
'
'
4%
'8'
*22i2
'
'.
a
f "
»"812
*1412
„>*8
*8
J *16
16%'
.
f.' S-
Vi9
:
Y: 6 %
,
8
1034
j
20%
♦1027g
F
•
■' 412
24'y
I
*4l2
,'vV
-1964
j
85 V
85
1034
I
3's - 3'8
I *53g. *5l2
-■/
-.1968
For footnotes see page 1818.
'66
;-82 -y
;
I reek-Government—
.85'
27
'
8-
47h
10%
3% s.
"5% A
1034 If 1078 .11
3% !:•* 3'', ;•
8%
-5%
5%
<»4% .:5 434
*4% v434
i 26< ! 26
i
8"
11.
3%'
'
5%
> -8%
fw 26
18; • 3 8
•
5%*
11% ."ill's
3% r 1 3%
11%
3%
5% ;:*5%
:
434
*4%
5%
43,
; *4%-.'
26. * 27
•
4
8
-8;
''
2634
"*<
8 '
11%
3
-
11%
3%
.
-5%
27-
8%
27%
-
8%
47* ;t ' 478 i
5
*4%5
*4%"5
*4%
*4%
5
2478 *22% 2478 '.*22% 25% *22%' 2478 *22% 2U8
*22% 24%
1
8'2 <8%* 8% ; *8%
"' 8%''
834
8%
8%
8%
8%
8%
16
*14% « 15
*'14% -15%
1478 * 1478 '*14% 1434
13«4
14%
16%
16*2 1*15%
*4534 M014 *16- ' 16% t 16%
16>4 -10%
16%
i*20% 22
'21
*2084 -22
♦20% 22
*20% 21% *20% 21%
*
108
1027* 108
*10284 110
*10234 108-' *103
108
*103 14108
J
900
v t C—13
.—100
234 Jan
840
Conv 5% preferred.—_•_100
3.100 Barber Asphalt Corp
..10
!
For footnotes see page
1817.
2". 500
*
300 Beatrice
Creamery
..25
$5 preferred w w... I No par
3138 Jan 20
6%Mar 25
9% Jan 13
4% Apr 25
5%% preferred.50
Barsndsll Oil Co.:.—1——..5
700 Rath Iron Works Corp:.::.. 1
200 Bayuk Cigars Inc.....No par
10% Dec
2% Dec
334 Dec
3% Dec
18% Dec
4% Jan 28
'7% Jan 27
•;6% Jan 26
19
7
Apr
5% Dec
27% Dec
1234 Sept
Jan
5% July
8% July
1234 Sept
34
July
~
100 Barker Brothers. ..'— .uNo par
•
"
2
434 Jan 2
4
Apr 15
22
Jan
2
4% preferred
—100
300 Bangor <fc Aroostook..:::..50
434
434
26%
8%
2,100 Baltimore <fc Ohio
5%
6
Jan 27
30
Jan 20
25
Apr 17
2
8'% Jan
1334Msy:
8
*
15% Apr 30
Apr 15
20
103-
Mar 20
t
9% July
35
11% Jan 27
7%
Feb
Sept
10% July
18% Jan 6
19% Jan
6
24% Feb U
>13%
Dec
247$ Mar
1 fi
102%
1 naio
T?»h
17%
20
Dec
'Dec
Dec
31% Mar
27% July
106
Oct
;t
-
-
Monday, May 11, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
1810
NEW YORK BOND RECORD
RECORD
NEW YORK STOCK
Friday
crnr K" If
Sales
SALE PRICES
LOW AND HIGH
NEW
May 4
$ rer share
S
2878
66%
6*8
66s
67
6*8
,.*12%
----
*1212
*1312
1384
*1312
28%
*20
28%
*65
68
*60%
70%
6%
6%
*12%
*12%
1*3%
32%
•„
12%
32%
10%
13%
32%
32
32i2
32
*20
32
«.
6%
6%
13
32
z31 %
32%
*13
12%
12%
•
10
10%
9%
10i2
10
9%
10%
*49
51%
*49
51
*49
51
49%
49%
*49
51
*17«4
18«2
I8I0
18%
*17%
18%
*18%
18%
18%
5478
*11014 11188
54*8
55
65
55%
55
55%
*18%
55%
10l2
(
54l2
10
10%
110
IIOI4 llOU
*1984
21
*2018
21
*1518
16
*15is
10
•V. V 558
5
5i2
67
15%
•
12%
*62
8%
*8
*11
8%
14*8
15%
14%
14*8
14%
*25%
25%
*25%
78
*25%
77%
25%
*68"'
78
*68
77%
*68 '
31%
31%
*13%
31%
31
*30%
31%
18*8
18%
22%
*31
78
:
*3034
31%
*1334
14
'•
14
1884
18%
14
18*s
:
19
22%
22%
1%
*1%
22%
22%
22%
*1%
■v
1%
*n2
14
14
18%
18%
22%
22%
2612
*253g
*14
16»4
*15
22%
*1%
23
1%
1%
*1%
1%
25%
25%
25%
*25%
27%
16%
*14%
16*8
*14%
16%
*14%
16%
Brewing Corp. of America..l5
*8
8
8%
8%
*18
18%
18
*18%
18%
*27
28%
*27
28*8
*27
28*8
32%
*31
32%
*31
32%
*30
u3,
*"32
v
* I
83
8
1%
*1
*7%
30
-10%
101
30
*27%
28%
*27%
28%
32%
32
-
31
31 :
32
1332
*"32
1332
7%
*1
1%
*1
*7%
8
29
11
Apr
2
Apr 21
'
-
L..2..5
-
100
2% Apr 24
50
Apr 15
.......No par
6% Jan 23
No par
7% preferred.;
200
■
i
6%
*12%
13%
*13
18*8
13
13
*6%
■
18%
18%
*18
20%
16%
19%
16%
19%
54%
*18*4
*19
:
19%
20%
*19'2
20%
*19%
16%
16%
16%
54 %
54%
67s
54%
678
16%
*53
*2%
2%
15%
*53
684
6%
*2%,
2%
*20%
*2%
*6%
•!. 81%
2%
*2%
*6*s
54%
6%
12
j
54%
6%
6%
2*3
2%
2%
82%
82 v
82%
12%
12%
12%
1,600 Byron Jackson Co
*2%
6%
6%
12%
12%
12
•
82
12%
*88
12%
60 Bush Term
v
-
5%
2%
6%
2%
6*8
2%
22%
5%
20%
2%
6%
300 Bulova Watch..;
--No par
1
1,500 Burlington Mills Corpa
Conv pref $2.75ser..No par
300
3,300 Burroughs Add Mach..No par
1
400 Bush Terminal
Bldg7% pf
100
10
3,400 Butler Bros
200
5% oonv prefer red........ 30
Butte Copper <fc Zinc...
5
1,100
400 Byers Co (A M).
No par
350
Participating preferred.. 100
5%
20%
82'
h
54%
■
5%
5%
82
16%
*20%
21
21
-
-
13
*20
20%
2% > 2%
6%
6%
^No par
May
2
2
6% Jan
2% Jan
*
18
5% Jan 19
10">8 Feb 14
2% Apr 17
6% Mar- 6
7H
6i%
7*4
333
5%
7%
7%
7%
6%
7%
973
5%
7<
1933
/
J
7H
6%
7%
83
6
7%
Dec >411
Jan
(
45%
Oct
♦Montevideo (City) 7s
•
Apr
;
j
Dec ■i
Mlnas Geraes (State)—
♦Secextls f 6Hs
2% Aug
>
Dec
„
S*Trcas 68 of '13 assent
]%.
1.1958
♦Secextlsf 6Hs.1
17%
*49*4
*49«4
62
*"i«
14%
< 9%
;•'
<
*4%
*29%
*184
Vi
2%
Dec
f
12%
MN
*70
1957
New South Wales
Jan?
F
Feb
Dec
s
*83
*22%
/
59
59
32%
*31
59%
32%
9%
9%
*29%
34
-
V, 8%. July
Jan
7
23%
Dec
3
1943
1944
Dec
May
49
;■
5%, Dec
1%
4%
Dec
18.»
,
<23:
Dec
I
-
4%
Jan
i
*89 ;
*80>
85
'*23%
*2-%
60
*120
32
32
32%
16
16
15%
15%
82
82%
83
83
113
113
113
.......
O
*36
40
»27W
38H
57%
64%
84
*79%
6%
6934
79%
6%
69 34
*16%
17%
17
17
*168
1*4
*1%
*6%
6%
79%
684
*68%
69%
*16%
17
*79%
:
■
*68%
80%
7
6934
7
7£3.i
6%
69%
16%
79-%
6%
*68%
16%
113% 113%
*79% 82
80
80
7
.6%
:
16
84
7
•
4
,
*68%
69*4
*68%
2%
*2%
14%
14%
14%
1%
94
2%
14%
*16%
17%
*16
15
Apr 24
Apr 23
1%
61%
*2l.i
*2%
2%
;*so
2%
95
♦29
93
! *92
93
*92
;
*2%
2%
1
*14%
j
*2%
14%
2%
*90
95
*29-
29%
♦2%
,
■
*92%
283.i
2
*184
2
*134
26%
t
29%
*134
27
25%
25%
*16%
94
I
f
...
4
29%
'
90
;
-
3%
*2
10%
2%
*14%
*14%
6
*5
6
*5
;
*2'4
31o
*2%
28%
90
*89%
29 "
90
Ji18
4%
*434
14%
14
7i
13%
*33%
*50%
7
*316
*12%
*1%
21%
9%
12%
1%
*1'J
*21
25%
53%
54%
9%
9%
9%
9334
931,
94
94
42
*3414
*30
,
54%
53%
; *2%
*9%7
.
9%
2%
31%
*30
31%
145
f
24%
*16% '18%
♦16%
18%
200 Chain Belt
*
94
♦14%
T
.
29
*78
12%
12%
12%
36
*33% .36
*50%
54
51%
hi 1
%
*l4
*9t.i
12%
*12
25%
-12%
1'4
54%
*9%
9%
93%
■42
21i
*34
2%
31
*30
145
90
110
*22%
24%
*98% 102
*30
31.
:v
*65"
*2%
3Q
30
*32%
2%
42
30%
*."
145
75
107% 107%
*22% 24«4 *23
24%
*98% 102
•-98% 99
*22
*70
*79
85
*78%
81
*75
84
*70
84
*70
47
*45
48%
*46%
32%
48%
33%
*44
48%
*40
48%
•34
:
26%
26%
32%
27
*141 % 147
65
65
65
.1 *57%
59%
800
>450
!
;
I
>57%
800
*480
12%
*96
n%
12%
98%
13%
98%
*95
11%
11
11%
98
*14%
15%
800
13
98%
i
*96%
h
*%
*1
34%
;
34%
*Og
800
11%
11%
13
98%
11
lUs
98
*97
*14%
15%
*14%
*U16
,
,
*U16
1%
*1%
184
*1%
1-%
*1%
1%
*1%
1%
*1
*i
9
800
*480
13%
*95
13%
*96%
98
' 15
15
*480
13%
*95
10%
97,
98
*14%
15%
%
*
;
"
13%
98%
10%
97%
15%
))l 6
48%
34%
1%
1
1
13%
13%
98%
10%
*97%
*14%
11
98%
15%
"is
"is
9%
9
*8%
1%
1%
9%
*8%
9%
9%
*8%
1%
9%
9%
9
9
*8%
9-%
*8%
9%
1%
1%
1%
-1%
1%
*35%
1%
36%
1%
35%
1%
35%[ *35%
1%
36
"36
36
*31%
33%
34..
34
34..!
*31
34;
%
*1
9
.
•
•*9
9t"4
Co..—25
36
35% 35%
33%- 33 %| *33%
36%
.
34
,
For footnotes see page 1817.
I
*31
C C C & St Louis Ry
Co..100
5% preferred....——100
Cle v Graph Bronze Co
5
.
7
it
•
5%
•
Jan
% Feb
9
9% Apr 20
s
""6"7%
49
-
;v ^»«
Santa Fe
Dec
20
,
,
2
84% Mar 10
60
.
.
>
8%
13%
16
-18%
10%
14
14%
8%
MN
14%
D
14%
15%
15%
18%
14%
16%
10% :i6%
64%
68
62%
-1946
1968
70%
j% July
■;
1966
.1967
...
y'
6%
v
81
Dec
-
'48% Nov
-!*,
"Mar
7
85
105
•1% Jan 30
6
'2% Jan 31
:;y i>Dec
3
1% Apr 28
1,200
Feb
2
'-•8% Apr 17
13%; Jah
6
8% Apr 24
13% Jan
1% Jh"
6
3
Jan
6
.45% Jan
7
%
2
z32% Apr 17
32
Apr 22
54
.
July
114
Jan
Dec
11
11
it
Dec
*
Dec
Dec
; 43% Dec
,,
.42 %. Nov
29
29
26%
3.)
25
30
20%
54%
64%
5)^8
M N
5%
'
)
29%
4% ;
6%
Af N
6%
J
D
J
D
♦5%
*5%
F
A
65
71%
-4%
4%
65
71%
'
6%
<
5%
4%
6%
65
40%
12
6%
«%
4%
71%
71%
•
•
76
*65%
74
♦65%
80
71%
74%
54%
56
53%
59%
54%
54%
54%
55%
61%
52%
55%
55%
54
42%
42%
41%
67%
57%
t
>60
46%
:
*4Ha
i
:
external 7s...1958
F
A
assented-1958
F
A
J
D
J
D
48
M 8
101
♦Warsaw (City)
*4%.
0%
5%
5%
-
.
>•
2
4%
3%
7
.6
iRAILROAO and INDUSTRIAL
Yr
•
companies,-;
Gv- /
16% Sept
Nov
30%
Jan
Mar
20 *
.
,
%
Jan
1% Jan
3% Aug
2% Sept
;?21%
Jan
21
Jan
-
;•
4%
82%
J, ,72
l
tAbltlbl Power & Paper—
•j
•i
....
Jan
Jan
Apr,
I
;
/
J45sserie8 A unstamped....1953
■—.^'....1953
^Stamped
4s....1948
Adams Expfess colltrg
t
740
? i
105i4 Dec
12% Dec
% .Dec
1
Sept
'Jan
163% Nov
2
>1% Jan
::
Sept
106
18ig Jan 2Q
•
.
100%Fpb
v; 11 - Dec
13% Apr 28
% Apr, 16
-..1958
.....1958
1955
i-84%. Oct
50
Mar
.T10%Dec
Jan
40
Jan
7
105
....1962
—..1062
s >, v,'r
Aug
105% Jan 22
14% Feb |5
13%Ma;y
16
41
41
Apr
115
July
"■ -*(!
11
32
Slovenes (Kingdom)
*8s secured extl..
*79 series B sec extl
liiliwii
Feb
106
60
15%
Jan
,
740v
17%
17%
15
1956 M S
—
68
11%
*16
U
Jan
Jun
,
139
78Dec
-
68
"15%
(Republic) extl 8s..1940 F A
*Externals f 6s————-I960 M N
i- ♦Externals f 6s.-.——..
1964 MN
f, 3^8-4-4)^8 ($ bonds of 1937)
•
external readjustment.... 1079 ijfrN
3
-4-4)48 ($ bonds of 1937)—
f. i
External conversion
,.1979 MN
D
f 3J4-4M-4»u extl conv..—.1978 J
<
4-4X-4M8 extl read)..—,;;1978 F A
j; 3^8 extl readjustment-.-—1984 J J
40% Aug
■
1
<•
1964 M S
88.1952 M N
1967 MN
-1936 J j
..1950,/ j
♦Uruguay
v.-
6
63% Jan ; 9
470
Feb 25
9%
57%
Sydney (City) s f
•I27 'V Jan'
79% Jan
,
16%
29%
29%
t *4)^8assented.—.
July
44% Dec
Feb
28% -'-Feb j 39% Sept
,27
5.
J
0\
D
•19% July
56% Mar 24
-
Oct
3
24^ 'Oct '] 33% - Jan
98 7 May
J
51%
♦Silesia (Prov of) extl 7s
Dec 30£%. Aug
Xug 4 46%. Feb
Dec
4% Sept
Oct
Dec
A
29%
29%
'■
Apr
109%
Jail 26
-Jan
.Jan
148
ll%Mar,13
M}%
15%
57 H
t
f'l4'2 " Dec
97% Apr25
-10% May, 7
96; May
1
10
.
.18%
29%
Serbs Croats &
3
Jan 28
75
j
Oct
7
Feb 25
50%
|♦SecuredsitTsiii-u—.—1940A 0
Jan
36% Jah
55i2
70
A
12%
*68 extl dollar loan...—...',1968 j
102'2 Feb
142%'Mar
470|
F
14%
*78 6x11 water loan.......
*
1
4%
72%
Dec
Dec klo%
;; 29% Dec
100;'Jan-r6
44
.18
:
Jan 22
7,000 Columbia Gas & Elec.-No par
6% preferred series A... 100
5% preferred**.—.,
.100
8
22% Apr 27
96
Feb 26
4% 2d preferred^...
100
700 Columb Br'd Sys Inc cl A.2.50
100
Class B
2.50
4% 1st preferred.———-100
.
40
;2%" Jan 12
6
*1%
1%
*11%
t'9%
9%
*9%
9%
1%
1%
10
8
:»2
3
139
30
5% conv preferred..;...100
100 Colo Fuel,& Iron Corp .No par
10 Colorado & Southern.;.—100
v;
Jan
Preferred-4—100
—„
10% Feb 26
96% Jan 23
Apr 14
Jan
32% Apr 28
25% Apr 24
70
8%
,
15%
—
14s
extl 8
| 44%
<
41%
*72"" MarlO
1
May, 2
Jan
Oct
.
it
139 '
•
15:
,13%
|*San Paulo (State) 8s.
..
34
29
May,
15%
16
15%
14%
O
*6 Mb extl secured s f
t
22% Sept
:v.
112
:
9%
14 %
15
A
♦Sao Paulo (City of, Brazil)
9% Sept
;; 8%May
% 10%": Feb i14% Sept
* 1 ^ Dec
; -3
Aug
:
34% Jaui
Apr 17
21%
Dec
,tV %
July 'I.%
hi
1
Jan 13
107%May' 7
47
4,000 Colgate-Palraollve-Peet No par
100
$4.25 preferred..
-No par
.No par
2,900 Collins & Aikman
S
.10
*6%
16)*
A
'
f g._
♦7s municipal loan..
Apr i. 44% Jan
Apr 5;64 * July
Dec £ :*n Feb
3.7%
"
Co7% gtd.50
Coca-Cola Intern Corp .No par
■f
29%/Mar 12
; 10
Special gtd 4% stock—-—50
1,900 Climax Molybdenum.^No par
1,100 Cluett Fe^body <fe Co. *No par
1,600 Coca-Ccla Co (The)..4No par
200
(Class A;..-.-JNo par
3
10-
F
*88 extl loan of 1021
♦6s extl
Jan
107%
t
9%. Feb
,,
56%May -fi
2
Jan.
lApr i/t
2%llar 9
1963
7%
?
t
8%
10
5%
8%
-•
-
15
14
23
of)—
f *7s extl loan of 1926
37% Jan
;
1% Mar
3
13% Feb 27
2% Feb 6
25
34
*H
7%
7%
i
-.1953
3% Mar f• 11% Nov
..3% Deo p 8% Jan
5
), % Jan 16
% Jan 29
-.
92% Mar'26
(The). 1
preferred.->i;.f.;;i00
Clev & Pitts RR
T
Apr
5%
1%« Mar
-
-Apr 10
52
Dec
%«
'
^43% Jan
*6 "
8s...1946
sec
Rio Grande do Sul (State
34% July
!
•i
>
2% May
Dec
93
Dec
31%
Jan 26
;5
May
*6
Dec
July
97
Oct
Dec
Dec
17% Jan 3
39% Jap 21
v.
15%
15%
:
4% Aug
•
Dec
14%
,; 6%
2% Jan 26
6
3
1% Jun
"21
79
100
Apr
15
13% Mar 23
"
l%j
l>ec
Dec
25
.;,1%
S: 22%
-V
350 Clev El ilium $4.50 pf.No par
210
.?
-
95%
Feb
5
1
% Mar.23
8-% Jan 2
•v
""120
OCt
1% Jan 29
*
7%
Jan
17.
Dec ;'k 4.
77
Jan 30
98 V
2
•11% Jan
6)4% preferred
100
40 City Investing Co.,..<,...100
1,000 City Stores...—.5
100 Clark Equipment...--No par
800
*95
%
1%
*480
4
2
% Jan
120
84
27
27%
28
27% 27%
28%
27% 27%
*142% 148
*142% 148
*142% 148
*142% 148
65
64
64% 64%
64%
63% 64
63%, 63%
59% *57 %
5919
59%
60l->
*56% 59%
*59% 60%
*96%
I
3.3%
Chile Copper
20,900 Chrysler Corp.—...6
800 City Ice & Fuel.—^--iNo par
•v;
147
*450
12%
32%
27
*142
j-
102
*40
34
32%
30
24%
*96
2
2
'at Jan
•
90
107% 108%
85
I *32%
2%
.;
145
—.
*65
109
47
»
91o
93%"
♦92
*30
2%
*65'
<0
108
;
.f
v •
4%
6
7% Jan
Jan 29
50
•
100
.7% preferred
6% preferred..
>.—100
100 Chicago Yellow Cab..iNo par
400 Chlckasha Cotton Oil.;——10
—....TNo par
200 Chllds Co
300
12%
($2.50) cum dlv No par
Rock Isl & Pacific-100
Pr pf
500
10
56%
*9%
34
''•' 145
*i
56
91
93%
34.'
2%
•
1.'
1%
56%
1% Jun
100 Chic
,,
24%
9%
40
9% Jan
"""loo
%
a-
*1%
42
2%
•
Dec
Feb
.
36% Jan 27
Apr
t——50
-
17
4% Jan 23
*18%
55%
-8
% Apr 16
3
Apr 25
-
Chicago Great West RR Co.50
100 Chicago Mail Order
115%
1
/
Jan 14
-Jan
100
12%May 7
33
Apr 28
1%
*92%
-89
559
R
{ #Extl
Dec i 3% July;
Feb 10
10
r
2% Apr 16
Co..;..5
24%
9%
9334
Class A_._l
5
Jan 27
29
27% Apr 24
2,700 Chicago Pneumat Tool.No par
$3 conv preferred.. '.No par
*1%
55%
•
5% preferred
2% Jan
5% Apr 22 >
-6
1,900
*18%
1%
54%
9%
12
12
21
*92
*%
*9%
*11%
10
',*9%
10
21
54
110
*%
*715
16% Apr 24
13
36
51%
"
♦33%
54
300
2
31% Jan 27
Apr 27
14%May 8
15%
1966
♦Rio de Janeiro (City of)
*.I)ec 17.5
Sept
!
22% Mar
Dec
Mar 30
2
10%
4%
12%
-10% June.
rDefi
.2
Jan,
93
;..No par
13%
1968
;
♦8s external—.......
JChesapeake Corp.....No par
Ohio Ry^....25
Preferred serles A._i_a. 100
900
3%
3%
10%
4%
7
95
:
29% July
j
" 5%
Jan 29
,
5
2
15%
.15 H
1940
Queensland (State) extl 6s....1947
V'J-:
1%
Jan
23% Jan
.100
Jan
Dec
3% Feb 11
1% Apr 28
Co.—k,:.-No par
6% pf.100
Common.'.;
18
7
7
0
Jan
125
108%
2
27
-1
1,300 Chic & East 111 RR Co.No par
1
*1%
10%
47g
100
90
;
12%
9%
90
110%
110% 110% *110
25
♦22 34
24%
*22%
100 • 100
*98% 1(X)
1
10%
*4%
*%
preferred.;.
Jan
3% Feb
2
May
May* 7
.
7%
969
5% Jan
87% Sept
xl5% June
85
6,000 Chesapeake
'
10%
4%
*33%
*50%
prior
Checker Cab Mfg
29
1^8 Jan
14
2
30 Cham Pap & Fib Co
14%
*87%
3'%
6%
300
3%
29%
*4%
*1%
*21
3%
*3
2
'2
1,000 Certaln-tced Products...
2
*5
1
3%
2;
29%
14%
'
3%
29%
90
i 90
1
14%
6
*2%
31
*3%
*1%
10%
■
7 *5
90
•
9334
93*4
%
*%
9%
12%
145
90
f
24%
360
%
1
*34
2%
2%
.
*92
42
*34%
1%
,24%
"fj
84
*12%
1
;
13%
36
54
%
10
1234
1%
21%
29%
29%
*1%
*>
Mills.No par
Preferred
•—
...100
2,200 Cerro de Pasco Copper.No par
95
v
of New Jersey..100
400 Century Ribbon
2%
la4
24
3%
28%
28%
100 JCent RR
500 Central Violeta Sugar Co...
14%
'
29%
18%
*89
3%
2
10%
4%
36
54
*33%
1*50% *
7i«
f
!
10%
*%
J
!
10%
*4%
3
*9%
I
3%
*134
2
2
10%
84
.
i
31o
*3%
%
*»I6
4
i
"|6
#is16
%»
*'1j6
*90
6
3%
29
5
t
*16%
*93%
95
26
15%
10%
14%
14%
*33% .36
*50%
54
*95
94,
15%
♦88
16
*3%
!
r
25%
25
2%
*2
286
15%
♦External sink fund g 8s.... 1950
f. -:v
V-65
23% Jan 27
110
Mar lO
90
12%
15%
13%
12-
*6%
Dec 1 50% July
-lfig Apr 27 h 2% Feb 17
4)4% pref..100
13%
15%
- {.
■
| *Extl loan 7H*--
122%-.Dec
«
16
20 Central 111 Lt
94
2%
14% •;,14%
9
29%
2
17
94
15%
*14%
29%
*'%«
*1S4
28%
6
*2%
*88
29%
*5%
*234
14%
*5%
)
95
29
2 *
*93%
2%
*2%
•14v2
2%
17
97
93
93
15
25%
16%
16%
*93%
18%
94
14%
'
*2%
-
*14%
I 2%
*90
95•
*£0
92%
"20
57%
63
101% 103%
8%
12%
15)*
*14%
18%
700 Central Foundry Co;
Apr 27
'
•
116% Mar
94% Jan 14
8% Jan 3
71% Jan 3
•
101
1968
36,
3
Feb 25
66
;Mar
30%
'>
■■
38
63
*102,%
rJan 12
93
120% Jan 22
5% preferred<.. — 100
200 Central Aguirre Assoc .No par
10
1%
15*
*92%
21%.Jan
Apr 29
77
Apr 17
6% Apr 15
110
No par
—
112
3
r
v
Feb
j"
Jan
42
Dec
-
43
.
121% Apr 29
82
17%
:i%
>
22:
*2%
1,500 Caterpillar Tractor...iNo par
4,700 Celancse Ccrp of Amer.No par
50
5% series prior pref...; 100
7% prior preferred..... 100
110
290
7% 2d preferred
..100
69%
1%
92%
2%
*1%
Apr
('
U
.
1)
f 6s lstscr.. 1960 J
s
19
63
60
D
♦Porto Alegre (City of) 8s-—*.. 1961
02% May
6
"
1%
*1%
■v
V
7
Apr 24
1,900 Celotex -Corp.;.-.
Dec
19
Jan 16
7
', 79
Feb
CO
M N
1963 M N
[.-• *4H8 assented.—..;—..
Jan 28
:, Jan
30
Apr
39%
i
3% July
41
Jan
3
65 H
.1955 A
1967 M 8
■
1
t
69
117
5% Aug
1
Dec
27% Jan
2
;
70
1994 J
LV *4 Ha assented
.Jan
:l 32.
54% Apr 17
.........
40,
89
Apr 14
100
Preferred
Dee
.'Dec
50
55%
♦Stabilization loan s I 7s..., 1047
17% Sept
Fob
.100
600 Case (J I) Co......
530
33
15%
*82%
84
*112% 117
*112-117;
'
■
32%
32%
15%
15%
♦82%
61
32%
61^
63
*55
>:;
'•
|♦Poland (Rep of) gold 6s..;:
}"f: *4 Hs assented
.ii
37
•■2% May "6
1% Feb 10
Apr 20
32
77
Dec
j,
:;i%
i-;
\<
Jan
3
56
54%
2
D
♦Nat Loan extl s f 6s 2d ser.. 1961 A
Jan
23% Apr 28
2% Apr 24
200 Carriers & General Corp
-
120%
120
1
7%
.>•14%
1
..A
200 Carpenter Steel Co.;
2%
*59%
120%
29% May-
V
.4% Jan. 14
3712 Feb 16
2
Dec
4%
y'10% June
!•'; 26% Dec
Mar 11
32
•f
9% Flov
!■;.
55H
"55% V*4
55%
Stamp mod 3)£h ext to
♦Nat Loan extl
Jan
Dec
-
90
:
55%
54%
■
J
♦Stami>ed assented 6s....
.24% Sept
64% Nov
lij
■■"u
7% Jan 14
15% Apr 6
5
3-% Jan
f
;; 51 ..-Mar
.1213 Jan
9% Apr 25
29
Apr 16
$3 preferred A...w
—10
20 Carolina Clinch & Ohio Ry. 100
20
.25
*2%
61
60
120
*59,v
120
♦S3
5% Jan
11% Jan
-1
800 Canltal Admin class A...'
2%
33
*23%
2%
*2'%
25
3,900 Canadian Pacific Hy*.*.
100 Cannon Mills
;......No par
84%
84%
24
24
24 2%
>% Jan
Conger Ale
5
;:h: 80 Cauada Southern Uy Co..100
31%
*31%
3
2
2
1% Jan 14
900 Canada Dry
4%
4%
•*2 if
2%
33
*31%
84%
9-%
*30
31%
2'
33
33
4-%
*30
2%
60% Jan 29
Dec
89)4
50*/i
60
♦Panama (Rep) extl sf&sier A. 1963
)
;
15%
74
83 H
j
<•
Feb
7%
A
70 4
48
89%
Aug
11%- Jan
£00 i July
Apr 1 12 - Jan
-•6
i 76%
7-
Oslo (City) s f 4)43
Sept
6% July
;"2%.Dec
.Jan 13
44'
•.:. 1
72
4% Sept
!
-25
Dec
62 V
■
89%
O
i; 9% July
Dec
F
■-
A
A
s f extl loan...j——1;.1963
Municipal Bank extl s t 5s..1970
>66% Nov
15, ,Dec
.50
16%
F
| 48
Jan
F
4^s._...1956 M 8
1965 A O
External sink fund
35»2 Sept
>' 20% July
15%
1
19% Jan 26
2,200 Calumet & HeclaCons Cop..5
1,100 Campbell W &C Fdy..No par
6
6
34
4%
4%
31
2%
6
♦29%
34
16-%
*82%
112
14
4%
32%
313.4
*%
13%
934
*30'
120
120
%
14%
9%
6
83
16%
83
112
«112
59%
9%•
*29%
2-%
59%
2%
%
fig
*13%
<4
6,
;
24
24
121
32%
16%
16
*82%
*83%
2%
59%
121
320*4 12034
4
84%
,
52
.14%
6
14
2%
33
84%
2%
*30%
(
*49
52
*49
61%
■*%
14%
9%
*29%
34
4% :>4%
29% 29%
24
*2%
2%
*2%
*
4%
%
6%
*6
9%
30%
4%
31
2%
33
*184
*30%
84%
*22%
•
*8
*14%
9%
24
t *83
i
%
6
14%
*49
75
84
;yt
62
Apr 1958 A O
f 5s
Norway external 6s
July-
(■34%
A
.
External
External 8f4>£8
14
16%
75
(State)—
Externals! 5s
5%
60% Apr
-19
78
n
Sept
61;
>•;
2
14
15%
9%
10%
70
15%
15
*70
J
i 23% Mar
Dec
<
-
£18
Jan
,y,-2%>Dec ;5% yjan
16% Jan
(
Jan
6%
37-
-•
Jcl09v June
No par
1,800 California Packing
5% preferred
1,700 Callahan ZlncrEead.
17»4
1734
18%
•18%
17%
17%
513.4
*49
5%
*29%
33
*30%
.4
:
30%
4%
31
*29%
52
%
:
14%
934
18
173.1
14%
9%
30%
£! 84
5%
i
17%
17%
5%
75
14%
•
■15X
D
1959
*68 series A...
y
S
M
1959 M S
..1952
♦Pernambuco (State of) 7«-.., 1947 M S
♦Peru (Rep of) external 7s._.. 1959 M S
17
' 7%
.'.«%
:
'■
Ext sec ref 3 )^s ser B
12
•
>
Jan
Dec
"Dec
12%May
5
J
25%
Dec
-
i718%
95
80% Apr 28
Iff
Jaa'lO
126
Jan
11%
7% Jan 27
3% Feb , 6
24% |'eb.< 5
6% Feb 6
20% Apr 30
3% Jan 14
8%7Jan 14
(■
2
Jan
5%
54
7H
1)
Dec
i
*7%
65% Jan 10
Apr 17
7%
-
I
12%
19% Jan
1
1
19%Vlay
14%May
63
•
6%
6%
J
17%
' Jan( 5
26
7H
1954
16% Mar 30
23
82%
..1945
Jan
Jan
7% Feb 14
2
7
May
18
13
72
♦Assenting 4s of 1904
j
Dec 'i 39%
Slxternal 6s..
1
200 Buffalo Forge Co
400 Bullard Co.....j......No par
20%
20%
16%
64%
6%
16%
20%
82
12%
20
•
21
5%
*20
7%
*6%
82
.
*20
5%
20%
2%
*17%
20
2%
21
18
*16%
*54%
54%
6%
2%
2%
7%
82
18
17%
2%
Z578
20%
*12
18%
600 Budd Wheel
6%
13%
18%
6%
13%
*12
6%
*20%
20 %
6%
*6%
14
6%
6
5%
*20%
6%
*2%
21
*20%
5%
20%
23s
7%
8H
12
584
'5
-,
21
21
'
:
6%
■8
♦Assenting 4s of 1910
Sept
3% July
~
6%
13<2
18*8
6%
13*2
6*4
6%
13
82%
"m
t
21
v.
!
0
Feb
66
11%
82%
13
'
*4 %ls stamped assented.....1943 MN
♦Mexico (US) extl 5s of 1899 £.1945 Q J
♦Assenting 5s of 1899
1945 Q J
23% July
■
?:
112% Jan 27
3% Jan 'i 3
.1...100 j:103% Mar 12
6%
5%
5%
5%
Mexican Irrigation—
.
1
8% Jan.- 9
D
Jan
i
I21% Sept
.■30':.?
Jan 16
:
D
J
1954
*"!***'-L*;•'
i- \
7:Dec y14% Sept
>..-
Jan 16
14
9% Apr 17
6% Apr 14
500 Bruns-Balke-Collender.No par
1,900 Bucyrus-Erle Co
7% preferred
1,700 Budd (E G) Mfg-.
J
54
%
35,
76
M
fMedellln (Colombia) 6Hs....1964
?•-"
.23%
1% Jan 5
9% Feb - .7
Apr 29
Apr 23
Apr 13
1
7
29
69
Mar
Mendoza (Prov) 4s read)
Dec
38
87
O
Jan
'6%
i. % Jan,13
Apr 16
00
Dec
14%
*75
A
Oct
16%. Deo
,,
58%
Jan
17
; 24% Sept
Apr
28
Jan, 3
43
l8%
t
Jan
>,16;>Apr
f.l- o ,% ? Feb
29% Feb 25
Jan
30
,
35
18%
rr
2
26
i23% Sept
10% ,Jan
111%
38
i
63
MN
Oct.
.
55
47%
Aug
J,- 17»
.
15% Jan
Bklyn-Manh Transit..No ?>ar
No par
.V
-
7
9% Jan
18% Apr
5
31%
Dec
89
59%
62
50%
fJugoslavia (State Mtge Bk) 7s 1957
Jun
25%
j
18% Feb
7% Apr 28
131%
Deo
.-
High
No. Low
High
*58%
|rlsb Free State extl s f 5s..;.1960
Jan
Dec
12%; Apr
30% Jan
16% Apr 28
89%
70.;/ Dec
1
7
-2% Feb
Mar 10
800 Brooklyn Union Gas
11
11
6%
6%
Deo "•
•
6
% Jan
200 Brown Shoe Co .-...I.. No par
30
*28%
11
*10%
6%
1
25
Brooklyn & Queens Tr.No par
1%
2
No par
Brlggs & Stratton
7%
7%
29
29
29
*10%
6%
10
17%.Jan
19% Jail
Co...No par
Manufacturing.No par
300 Bristol-Myers Co
>
6%
.-•6%
6*8
6*8
6%
I , 678 ,v 6%
*104
105% *104
105% *104
105% *103% 105% *103% 105%
*104% 106
2%
2%
2%
2%
2%
2)i
*2%
2%
2%
*2%
2%
*2%
52%
62
52'?
*51
52% *51 »4
51% 51%
51% 51% *52: " 52%
6*8
1,300 Briggs
1332
*u32
1%
7%
*1
10%
10%
28%
7%
Jan
20% Jun. 13
24
Mar 17
600 Bridgeport Brass
8%
18%
*"M
30
*29
10%
10%
18%
32%
8
v
18%
7%
18
17%
*27
1%
8%
23
•
19%
23%
18
8
8
1332
*"32
"
♦29
*29
j
13jj
ljo
8>8
*1
1%
*1
;
200 Bower Roller Bearing Co....5
8
12
40% Jan,t-5
1*8
18
Dec
39% Apr 28
*25%
8*4
8%
Dec
13% Mar 13
27
1*8
Dec
5
13
18% Mar 31
1
Bond Stores Inc
400
14
6,300 Borden Co (The)__:_____xl5
.....5
4,400 Borg-Warner Corp
100 Boston & Maine RR......100
~
15%
14% Jan
21% Jan
Jan. 1
llfllf i mi
May
67
,,
), 34% July
19% Jan 28
7% Jan 14
31% Jan 5
95% Feb 10
31%
31%
13%
-18%-
-
Dec
Jan
20%
21
May 2
77%May 6
60 Bon Ami Co class AJ-.No par
Class B..j.
>.
No par
150
77%
Dec
22% Jan 20
.
Since
Si
aj&5
41% 8ept
-
115
Jan
Low
Foreign Govt. & Munic. (Cunt.)
*Haltl (Republic) s f 6s ser A—1952 A O
Hclslngfors (City) extl 6J^s
1960 A O
Oct
17
f
Dec g.
121
29
30
30
Apr 30
8
Jan
19%
Range
Asked
Bid
share
Apr
126
Jan
8% July
-51%
66% Jan
.'25
15%
25%
*15
16%
Jun 19
28
6
2
70-
6.600 Boeing Airplane Co.........5
400 Bohn Aluminum & Bra.vS-._5
Aug
Jan 23
,
65% Apr 28
,14%May. 6
14%
19
52
24%
Apr
60
Jan 13
Blumenthal & Co pref....100
25%
14
18%
*13%
14
;
67
•
Price
•
Dec
,32%
10%
3
Bloomlngdale Brothers.No par
*25%
*2514
27
-
31-
14
'
Week Ended May 8
r
,
16%Mar 30
8%
*68
15
68
*62
Friday's
per
'32
June
6%
10%
.
1,400 Blaw-Knox Co.——No par
Bliss & Laughlin Inc
6
*8
*62
78
70
6
Feb
108
8
May
12%
*8
25%
*68
'5%
♦62
8%
*8
15
25
15%
5%
••
*11
11%
25l8
IS' 4
15%
15%
5%
5%
•
12
*
-25
15
•
*11
39% Jan
63% Apr
109%May
18% Apr
14% Apr
5% Apr
11% Apr
100
7% preferred.-...
700
7
7
46% Mar 18
17% Apr 27
400 Blgelow-Sanf Carn Inc.No par
900 Black & Decker Mfg Co No par
21
15
9%viay
No par
per, share $
28%
110% Jan 10
7% Jan 29
2
12%May
3l%May
,
:
7,200 Bethlehem Steel (Del)..No par
54%
21
-
67%
14%
25%
*62
70
100 Best & Co
Apr 24
I
Feb 24
.
131, Marl8
pd 12.50 dt v ser'38 No par
100
18%
*109% 112
22%
14%
5%
5%
5*8
■•
*11%
*8
87s
*8
*62
21
15
15%
-
12%
878
*1114
12%
'*1H4
*20%
15%
5*8
5h
56%
*21
20%
21
Pr
51
*18%
a-54%
110
110
100% 111%
110%
10%
*48%
-
64
1,000 Bell Aircraft Corp—— .1
,
5
7,200 Bendlx Aviation
3,700 Beneficial Indus Loan. .No par
13%
32%
32%
30
Jan23
'6%May
Belgian Nat Rys part pref
30
15
15 G
15
*12%
••
$ per share
28
20
200 Beech-Nut Packing Co
700 Beldlug-Hemingway —-No par
.
Range or
Sale
Highest
t
!
71
6*8
$ per share
Par
RR........,.50
Beech Creek
28%
Last
•v
(1941)
Lowest
Highest
Week
*65
6%
Year
;
Shares
*20
7%
*6*8
13%
May 8
67
67
6&8
25%
*64%
Week's
BONDS
N. Y. STOCK EXCHANGE
Range for Previous
»
Lowest
$ ver share
share
ver
28%
*20
6684
*20
*20
$
$ ver share
share
ver
May 7
May 6
May 5
May 2
S rer share
Thursday
Wednesday
Tuesday
Mnnday
Saturday
1...
EXCHANGE
the
Friday
Ranqt Since Jan.
-
Oil Basis of 100-Share Lots
YORK STOCK
D
Coll trust 4s of 1907_.V..;.1947
10-year deb 4Kb stamped.^. 1946
J
F
A
A 5s. 1943
J
J
1
D
100
:J.V—
65%
72%
48
62%
100% 101
100%
102
106%
70
*66
48%
101
100%
100: •
*103%, 105
106%
*105
D
103%
103%
104% 104%
103% 103%:
3^8.1972
J
J
104%
104%
104% 106
Albany Perfor Wrap Pap
6s—1948
6s with warr assented....;*_1948
Alba'iy & BusQ 1st guar 3>is..l946
3Hsreglstered--.J—
.1946
.4
O
58 %
58%
*
A
O
*59
A
O
*72%
Ala Gt Southern 1st conB
.—.1943
•| 1 st cons 4s series
Alabama Power 1st mtge
A
O
1944
...1949
F
J
D
^ 6s modified
—
...I960
J *58 income...;.;—.......1950
A
O
A
O
A
0
f
•
6s
■
l
>
•
5s modified
—
AUegbany At West lstgu 4s...l998
':'
''''
'
■
For footnotes see page 1818.
■
62
:•:■
62
•
85
90
81%
77
78
,92
(70
68%
70%
99r
63
76%
53%
64
43%
53%
44%
51
"'*44%
41
60
69%
65%
68
-1-.—
*88
:
,
a
.
modifiedL.
)
55
81% •93
70
A
Alleghany Corp—
54
"93"
"
-
Volume 155-
Number 4071
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW-YORK BOND RECORD
Friday
..
| N. Y, STOCK
.
vv '.v.;
EXCHANGE
Week Krnled May 8. V • i
Sale
fe
K
Range or
Price
,•
NEW YORK STOCK RECORD
Week's
Last
BONDS
,
Rid
Friday's
<k
Asked
LOW AXO HWH
sale prices
-i
Range
\
Since
■
j
Jan.A- i't-4
"
Saturday *
Railroad & Indus. Cos. (Con.)-
Low
Allied StoreB Corp 4^8 deba.,1951 F A
Allls-Chalmers Mfg oonv 4a
1952 M S
Am &
Foreign Pow deb 5s....2030 M 8
Ainer 1 G Cliem conv
5%s
Am Intermit
Corp oonv
'
S^sdebentures......
Y; 38 conv deb—
'
1.
Am
1956 M 5
' :•
:
op Min deb
O
A
4V£s—1950
#57g
69 k
104 %
1995 AO
Adjustment gold 4s
10714
107
#104
"inM
10334
Conv gold 4s of 1910......
Rocky Mtn Dlv 1st 4s
30
119
107
100
38
104'<4
3914
69J4
62
62 k
100
*90'4
100
10534
108
10534
106"
10314
"38
-
J
Short L lst4s-_; 1958 J
J
Cal-Arlz 1st & ref 414s A... 1962 Af S
109 %
"oik"
106 k
10334
109
1946
.
9214
10214
.
10234
10234
'4
105%
111
110)4
-514
13U
85»2
*7
J
*99
101
81 K
82
5;
5|
43,t
*24i2
82)
*81I2. 83!
66
L & .N coll gold 4s—..Oct 1952 MN
1948 J
Atlantic & Dan 1st g 4s
./
69 >4
6834
70
;
67 k
73
36 %
36 >v
33
k
30 k
25 k
40
1948 J
!,
32
32
j
9714
33
-H
95k 100
9.3)4
105)4
103)4
104
'i
'
106
-
B
28
*161
1st mtge gold 4s
July 1948
....1918
4s registered
Stamped modified bonds—
:
A
O
A
0054
61 H
60
O
67
75
02)41
65
*'2
July 1918 A
O
■1
.
.
;
103
203
29k
35
D
k
3534
3434
99
..Feb
1
*6
29%
31
162
29 k
30
30,
31
174
A
23)4
23)4
24
52 H
52
53)4
492
J
Toledo Clu Dlv ref 4s A——1959 J
J
4134
41H
43)4
49)4
98»4
57)4
99
59
57 %
59
*41%
50
321
43
2S>4
99
j
59
59
1951
1989
Beech Creek ext lstg
3J4S....1961
Bell Telep of Pa 5s series B
1948
•i
1st A ref 5s scries C;....... 1960
80)4
103 H
40k
64 k
> "6 V
:
2 44 s debentures—
128k
93)4,
.....1956
Consol mtge 314s ser F
Consol mtge 3s ser G.
Consol mtge
ser
v.
*
1952 A
1959 J
I960 F
O
10434
6.
.
J
Blaw Knox 1st uitge 3^s.
Boston A Maine 1st 5s A
.72 k
18'
83 k
;
-
C—1^07
103 k
104'4
M S
100 k
102
■)
103
102k-106
I?
34)4
#9V
3234
21)4
200
22%
16
21
107
,
U
10Sk
-4
75k
76
43k
100
78'■
74
88)4
78
16%
■88)4
11334
.1434
-
-
-834
*8k
•
88)4
*16%
*77i2
105
113
11334
110k H0k i
IT
80
*3
9
31U
*33»«
197«
*1.114
38)4
HHH
39)4
1934 A O
.
35 k
135
*
41k)
53%
5312
J
A
62
5k :.§ki
5k
7k i
*2'4
:
*714
81-
53
63 k i
70
81
.
*113i8
IJH4
81
'
81
79
63'
62
O
1962 A
O
19.57
>»;■' Guaranteed gold 5s.-... July
*1)1"
,
J
10534
8434
10534
8lkr
106
83
107)4
85
104
1073i
A Guaranteed gold 5s.;.. :Oct 1969
> Guaranteed gold Ss.-...
1970
1955
V Guar gold 4348
111)4
111 %:■
111)4
111)4
109 k
105
109 % 5
107 k
103 *4
107k
—
1956
Guar gold 4)48
1951 M 3
—.
107)4
103)4
#11034
.109)4
107)4'
3,790
*2' 2
2k
165
2%
t2
300
Ilk
2.100
9,9
90
90
270
14
790
200
•35%
10%
35%
10%
*35
7 0-s
79 %
*79
27%
27k
•
15%
12%
12%
*13
'
6
.
1946 J
114
103% 107«:
11034
6934
108 k 112k
J
2,500
5 8
130
*127-
78k
•
5s equip trust ctfs....
1944 J
Collateral trust 4)48
..t§*CaroHna Ceut 1st
7034
1)
9k
0k-
:•
01-1
*14%
#3
15-
■
91
*14
*92-93-
93
58
*32
4s..1949
J
V. *lst
intge 5a...._
s-
>
A gen
♦Chatt Dlv
89 34
*12k
torn
89
81k
77
85 k-
60 %
47
58
103
100 k
100 k
*
51-.
pur money g 4s_. 1951 J
♦Mobile Dlv 1st g 6s...
1946 J
*21: f
j
*»!«
»1«
♦13--14
*12k 13%
6%
6%.
6%
1
22
22
' 22%
;22%
*35% •8Sl2 *35% "83%
*51%
55
;*51%' 55
*13 k
14(2 ■J 13 >4
137(3
22
8S%;
55
*13*4-15%
1*2%
*13%
13%
#1438 117k
*2%
3
*14%
17%
•
'
9%
Ok-9k
100
"
55
*9634
•
13
9834
3
96 k
:v27)4 * '28
97 k
.Y.518-'-538 /■5VV5%
1914-19(8
18%
1S7«
s
'
,
*26v 2614
*10'4
10%
778 •••;■ 7h
88
Dec
1
4%
97
3
314
m
,
*14
v
10k
:7%
12k
6k
22%
83%
55
"17 k
•
,'^k
6
%
21%
#35%
*51%
*13%
.
,1634"
5k
1734
6k
D
1
J
*16
*48
:
11
18
Central Illinois Light 3)4s
^^.1966 A o\::
*11134'^:--4
l^Cent New Engl 1st gu 4s.■_»>_ 1961 ^
J J
72% < 72 %? 73)4
t*Central of N J gen g 5s.
J987 J
J
18)4
18)4
19
„
43'
-
-
V
sir i
•54'.1
.■*
'32 A-ho
*5'-2 ■f 5'8
>Y5t8 I'm
r.<37*4 y 37%
>
■:
*20"
8
Jan
Mar
278
Mar 17
Dec
"ID
Dec
7g
Jan
Dec
19%
Jan
107
Jan
Jau
Jan
9
July
19% Feb
5
15
Dec
8
38%
Dac
10
Dec
27%
45%
15%
Jail
Jan
19
•
41
Jan
Jan
Jan
1178 Jan 20
88% Jan 15
80
Dec
04
Oct
36
28
Dec
47k
Jan
73%
D3B
98% Jan
13k Nov
3
Jan
79k Jan .2
13k Jail 14
1% May
9
Jan 27
Feb
Y. 8% Sept
131
Jan 16
Jan 26
72
Feb
127% Sent
Feb
41%
Feb
77
8
Dec
18%
2
83
•
13
3%
7
Dec
Class
-
600
.
.
Jan
99
Dec
Jan
2
4
7g Apr 4
18k Mar 27
18k Jan
9% Jan
2578 Jan 12
24
Aor30
80
Dec
Air 17
42%
14k
Dec
-1
t
6%M ay
i
21'a Apr
1
,
80
•
Cushm&n's Sous Ino 7% pf. 100
$S preferred.
i
No par
Cutler-Hammer Inc...No par
_
25
Dec
Mar
2
7
A-
l)e,
98
Jan '26
12%May
(
Curtlss-Wright.. ..._j—v
12%
98
Feb 18
f 14
No par
Jan 19
Jan 17
44
.
Jan
13k Jan 14
15% Jan 7
Mar 14
90
i
Prior preferred......No par
3,709
14k
9i4Miy 6
5
i
Pref erred......
17,590
34
yPWei*1*
V 54 "-'54
-98
5ik
86
52
13% Apr25
115 -115
-14%'
•
<3%
;
3%
•3%
#k
16 >8
-,;l3i
7%
*3'4
*M
13%
I6I1
i
-
i.
is
*17
10
*13%
IS
18
2,600
1,800
•
Y l%t Jan
•%
Dec
13k
Dec
45
16
5
Dec
34k Feb
10k Sept
29% Jan
6%
6
17k Jan 14
Dec
Do
Jan
90
•:
Feb
Aug
47-k Mar
20
July
•
300
16%
Delaware A Hudson
■r
!
13
Devoe & llaynolds A ..No par
Diamond Match._'.._:No pur
990
60 j
6% partic preferred
200
? 209
100
230
500
3,500
'.14,
*3
8k
11412
107%
*12078
115% ♦114k
.14
14%
''"3%
8k
*3
*7k *
♦7E
1,093
97%
703
14%
1,300
3%
400
*- 8k
400
509
219
114% *114% 119% *113% 110%
107*2 107k 10Sk 103% 109%
1 12
121% 1)1% 121% 122k
.115%
114k 115k 114% H4k
10319
•
Duplan Corp
No par
8% preferred >.
.Y10J
DuPde Nem (E I) A Co.».20
$4.50 pre (erred.... ..No par
Duauesne Light 5% 1st pf-100
49
7,89)
i
8
112'
8
Feb 26
.rlS
Mar 11
120
Apr 24
lll%Mar 14
Dec
Dec
41
8
12k
Dec
Gee
67g Apr
9
65
7
May
Jan
Jan
11% Nov
37
Dec
17
Jan
86
Dec
32k
jan
10%
18%
12% May
Feb 26
115 Apr
Aug
23% Apr
20k Sept
2978 Jan
33
May
2
Oct
23% Jan
-17% July
aOk Dec
59 k Dec
yll l% Sapt
12-8 Dec
79
23%June
6% Jan
Dec
Dec
105
Aug
117
136k
120%
Gee
Feb
164%
127
Dec
lllk July
118
May
Jan
126% Jan
115k Feb 13
10k July
Jan
Jan
*18 (2
Y
2.7s
'
1878 •18 %
.
Y 2'%
2%
19
*
Eastern Airlines
1,793
2h
,
500
40
9%
*21*2
23%
*21
-40%: 40%
-
'*40k
2313
22
43
17« 4- 2
•*44 "•*• 47
*44
hs;;-.
5 It
X'SV?
5
«,*ts
*48 Y 54:
>*'i« •v'Js2
5'4
.:
P
;
2%
18k'
*rlt
1
1
2"
-178 :
*42
4S
v,.51
: 4sv
*
*15*
40%
49%*
i
.....J...3
»ie Feb IB
903
$7 preferred..No par
690
$8 preferred..'
...No par
Elec Storage Battery...No par
21%
293
El Paso Natural Gas....J...3
43
200
Endlcott Johnson Corp...;50
k Jan
70
-5% preferred
„.i...-.100
3,200
Engineers Public Service.;..1
47
*42
4S
100
$5 preferred.i......No par
"51
*45
51
40
49
'"120
200
$5% preferred......No par
$6 preferred
No par
Eatiitable Office Bldg._lVo par
2,100
17k Apr 27
Apr 2 3
15
1
29-
Jan
2
19% Apr24
39k Apr 21
,107% Feb Id
U4 Apr 17
40
Apr 28
46% Apr30
*47% Apr 25
jErie RR common;.-..No par
7.900
*.T,
2
514 r.." 5%
•.♦v'ifev-'Sk
.',6%
>3/(^-37%
*Yv.^'74J9
V*2»8.,.2k
'
5%
37k
37k
*25-
'74%
"
2l4' Y
.> .414.- -4k
!
*4%
•
'
23 > ' 23
22%
Bjj
2l«
4%
22k
YY •%
!
5 "8
*5%
5k' *5%
37% 38
*25 - 74%
2
)'T2"
"
5'4
37k
*25
V Ctfs of benef lntNo par
1,800
Fab
24% Mar 21
17-k
D8
13% Jan
10
78
1%
35k
32k
;
*4%
22%
*7,(i
30%
21%
6'(j
*74
30%
21%
6'8
77%
*291.1
*8%
29k
8k-
-"303
5s
58
*
*
5% pref series A100
•%
%
7
8
Jan 23
303
1,333
Eureka Vacuum Cleaner^..;5
Evans Products Co.........5
Ex-Cell-O
Corp
J.-.3
Exchange Buffet Corp..$2.50
33%
•
39 2
111% April
3% Jan
66
Jan
83
Jan 17
69
6% Mar 10
•».
Dec
74k
5
k Jan 5
7% Jau 20
3 4%
Dec
.
.
7
Jan,;
80-4
Dec
Apr
83% July
89% July
ki Nov
4k
2k
Aug:
' July?
47% Sept f
113
Oot;
Feb
2% Dec
64k Dec
Jin 30
73
36% Nov
33
107% Nov
5
Jan
Jan
Dec
17% Jan;
J.m V h Aug
4% Jan
Fob
39% Nov;
49
Mir 16
Jan
17% Sept
33%
27%
23% Feb
26% Dee
21k Dee
Jan 23
Jan 1
Dee
3
26% Fib 18
Apr 15
2
2
5
Jan
Jan
32'8 Mar
>32 Feb 21
5
182%
Dee
14%
Jan
5%
145 2 Sept
Apr
27
6
k Jail
44
\
1%
4%
21k
lk»
Jan
2,
Jau27
Apr21
Feb 18
Jau23
%
10
Jan
Aug
7% Aug
42% Nov.
Feb
75
Feb
lk
Gee
Dec
Mar24
21k
Gee
3-s
8k
30-k
Jan;
4
k Mar 31
'ii
Dec
fe
Dec
45%
"2"% M ar
U
5k Feb 24
26
:;
.
Dec
3J% Dec
75
37g Jan
* 32
Erie A Pitts RR Co—_-...50
74%
-2%
4%
22%
*2%
4%,«4%
22% 2212
*1532
5'8
*5%
33
34
Dec
Jan 21
-
5k
May
163
15
Elec A Mus Ind Am shares....
1%
Jan 13
3178 Jan
Electric Power A Light.No par
2
50
170
Apr 28
21-
120k May
13
900
109% 10.)?8
<n
Mar 28
<
Jail ;7
23% Apr27
3,000
Electric Boat.
27% Jan 3
3% Jan 13
141
20% Jan 2
10k Mar 12
-
*3r« ;
'2
Apr 24
170
100
"2
lk*-17(3"
*42
*4S ■" -51
4912
>*»S3j
i
*40
2k Jan
108
Electric Auto-Lite (The)....5
4,300
2,103
20%
21%
23
i 40k 40k
10978 i0.9% *109%- 1111
,
■:
*21
\
Eaton; Manufacturing Co....4
Edison Bros Stores Ino j.;... 2
100
603
2ik
4
43
*40k
*3l? .-,• 73A
k "'5 k " '5k
*5 %
"22
r
/29 V
16k Apr 17
5
6% cum preferred
V 603
Y
Inc.
Eastern Rolling Mills
Eastman Kodak (X J).No par
2,103
Jan
Jan
Jan
111k 112k '
"23
62 k
101
-13)4
75
•
,5s registered
\ ♦General 4s
„
—1987
...
4s registered............ 1987
Central N Y Power
3.1634 ^-1744
—
1987 J
J
.
0
1734
*13)4
....
3348......1962'A"
17
107
107
,,
.
9
19k
10734
>14
3 -2
"l5
> •*
-12k
,
21
18k 1
19k i
13k
14:. J
107107 k 1
!
*28l2 30'2 *39 H 33%f *30 h 30%
,>f22»2 *21.Y 21%; .21%'.21%
-634 -6% ,;'V*3k
"7
>*i%
6k
75
>j75 A 75
,,75. -*74
; 77%
*31(3
'
30
•*21
21.
20%
834 Y*8%
20.%
8kl
*20%
*3%
For footnotes see
page 1817.
29k
8 k
-30
'
21
.-
21
For footnotes see page 1818.
-
Jan
2%
13
.
Jan
141%
6
9% Feb
144
Aug
k
21
Jan 27
9% Feb
Aug
Jan
July
6k
Y
k« Sept
10
7
27k Jan 19
8 Jan 12
Jan
103
14
% Jan 27
21
-
30%
18%
I)3C
2%: Feb
478 Jan 27
18% Jin
79% Apr 17
Dixio-Vortex Co......No par
8
Apr 18 Y 9
Fib 13
Clas3 A._._.
....No par
36
32%May 7
Jan 12
i
Doenier Die Casting Co No par
21
16% Apr 23
Jan 29
Duma Mines Ltd..;...No par if 8
Apr 14
13% Jan 21
Douglas Aircraft..;...No par
52
Apr 28
70% Jan 6
Dow Chemical
95
Apr 2 9 124k Jan 3
Co.r
No par
Dresser Mfg Co...;...No par 1 13%Mar 9
15% Jan
Duuhill International.
2k Apr 28
4k Mar 16
'
28% Sept
Dec
6
Feb 27
38
Diamond T Motor Car Co....2 *
8% Apr 17
Distil Corp-Seagr's Ltd.No par Y
16%Mar 7
5% pref with warrants.>100
70
Jan 5
Fab
Apr
9%
18%
27
5
Jan
Oct
Jan
5
Jan 23
2
Sept
114
109% July
8
j 18
Apr 28
33% Apr 24
SI4
k.25
18
11%
1178 Feb 20
10% Jan 28
Apr23
'.11
14% Apr
Dec
29
2
Jan
! .3
599
8
7
Delaware Lack A Western..50
10%
97
;
100
Dec
Apr
24k Jail 14
978 A pr 2 5
tPonv A R G West 6% pf.109
Detroit Edison.1. .1.......20
33%
"93
}'.
900
Y 410
19
93
'
,..L
...20
Deisel-Wemmer-Gilbert..:.-10
••;• Preferred
Jan
8% Jan
47)) Apr 16
18% Apr29
25%M *y 7
4'25j
3%
"*33'4
.
p
110
5% Sept
2%
14%
6k
3 k Jan 10
16%Mv/ 6
11% Jan 19
7
8k Apr 17
102
Mar 16
Decca Records Inc.
1,100
27g Apr 4
,
i 15% Jan
(The), 1
4 % % pf. 100
Deere A Co..:.d-No par
200
26%
11
" 7k
19"
93% '99
14- ,14
*3
1 4%
5
preferred
Dayton Pow A Lt
33k
3 Jk
33k
119%
115 :,
7k
7k
v'
s
122
*25 2
*10%
Conv 5%
Davisou Chemical Co
120
•
99
.
190
700
"
Y.9%
98 " .'* 03 2
'
Davega Stores Corp
>
19k
9%
3
17%
.8%
8k Y Sh
0%
9%
9%
*13% -17
♦16% " 17
*16%
15k
*77% "78%
78% 78% #77
78%
:
*3 -;
*3
"8k •.'#3
87g
8k
33
33%
32k 33
32k 33k
*19k
Ilk
19k"- D% #19% 19k
9% " 9%
9 Y
9
9'"A9h
53 2
-> 541,1
54
51k
54% 51%
34
•,'54'i
•
25%
10% -101(3
,l%2
19 *'
Y 8 k
*l«0t4'l0>4 *1914
17%
25%
•
v
10k
.3%
•
"33k
8k
7 8%
<33%-33'8
*2%
*14%
"
7%
IS >
Ij'S aa%
*77%' 80
*3 '*••■• 8k
-3
#2%
*14>8
i8k .13%
r
80
*77*2
■*
'
3k,
■*"4
A4»j
(
*18% VL7 -
45k- 60 k 1
•537 k v 37 k
f-K
102 s. iok 20. > :*AVK. -,,.78' 4
78 ••.
39
3
.'*21(3
.214
>'-,7k4
*2%
14
8.
V
8*4U t - 4(9 A 4 k Y 4k
.-,'
>15)4 23
■23'2 : 23k <23ki- 2Sk
-.15k
10
: 409
:
*
3k
•
-8k
8k"
2o%
*25%
10%
3 4
*M:
1
3
18% -13%
7 % "f "7°(3
r-'-'i''
> 45
'
;
30k^
-3
O
Dec
182%
4%
Apr
170
Jan
3:54
Dec
10%
30
■4'4% preferred.....--.100
Curtis Pub Co (The)-..No par
1,790
14
12k
,v
'
•
2-578 <25h
*l0k
.
YYI34 ;H.1% •VH78
t-'
iQOk
93)4
24k
>■5
\ ■
4012
,
102 k"
42 k
23
*40%
'#49:
98k
Cuneo Press Inc
10
9k
10*3%.
,9k i
*9%
9k
105*2 105% 105% 103
rl03% 103%
5%
5% :
'5%
5%
5%
5%
19 " -IT
18%' 19%
19% 19k
*104% 105
♦lOJlg ilil2 *103%- 111% *103% 111%
106)4 10S
■
F>
1959 A
5
1478 Jan 12
i 74% Jan
coav preferred....100
109
15
;
•
A Oh
*85%
5)4%
Cudahy Packing Co
"
■
81k
#
....—1945 MN
1959 AO
5s series G'.j,
96k
105k
89 ■"
r
Nov, 1945
{♦Consol gold 5s
103
'
71
107k
J
♦Ref A gen 5 )4s series 13
'#Ref
62
8 Ik
#58
'mi
Celanese Corp of America 3s_.1955 F A
Cclotex Corp deb 4)4« w w. —1947 J D
♦Cent Branch UP lst g 4s....1948 J A)
Ry—
7034
88 k
Carolina Clinch A Ohio 4s..-.1965 M S
Carriers A Gen Corp 5s w W.—.1950 MN:
Cart A Adlr 1st gu gold 4s. ...1981 F A
tGentralof Georgia
9578 Jan
2
120
.-•.•_100
400
93
*»i«,
-fe
15"
*13
Sugar... 109
Preferred, d
78 k
.
*105
I960 J..J
guar
HI
93)4
105 k
96.
J
.1954 J
Coll trust gold 58
11
9
Jan 21
Jan
-
'
*31%-
Cubam-Amerlcan
130
*75
■
C»u Pac Ry 4% deb stk perpet
J
J
Coil trust 4)48-——
...1946 M S
v-'
6
Apr 27
77-kMar20
26% Apr 28
67
Apr 15
10% Jan 5
5%Miy 7
CubaRR0% preferred.... 100
6%
0
5 ')s
*75
28%
4'2k
5S4May
5% conv preferred......100
(90
Dec
62%
Jan
:
Crucible Steel of Amer.No par
200
.*•••.;> I
15k
1
1.101
58k Sept
Apr
12% Jan
par
23
69%
12
■>
14%
'
t
27
Dec
5
Feb 11
Apr27
69%
1878
48
3% Jan
Mar 27
*lli4
Feb
Dec
.'•• %
3 i
Ilk
Dec
14
55'k Jan
Jan
10
Sept !
4578 Hept 1
4% Jan
27% Nov
23% Jan
15%
9%
33k Jan 26
,10
6 >%
'2%
17%
Jail 16
13j2 Apr 8
10% Apr 17
80k Apr 9
'
40%
Y 6% Feb
35k Feb
7
Jan
Dec
174
14
$5 conv pre (erred ....N
'
"14%
12-s
120
Jan
217a
42'4 Apr 17
Apr 17
2%May 8
$2.25oonv pref w w..No par
Crown Zellerbaoh Corp
5
1,400
Dac
79
.
3k Jail 16
Mar 13
No par
Ilk
133% #127
#32
Crown Cork A Seal
300
10%
7-9%
2k
1978 Jan 3
12% Jan 5
51% Jan 30
25% Apr 24
•
1
-
•6
)
3S
10%
Dec
24
Apr 23
45
....25
*33v
*75-.:-. •78 k
'
,22
)■
60%
Ilk
r
M2%
1 6k
22
■
•7012
27%
30
Dec
42
8% Apr 23
1
Coty InternatCorp
Crane Co
1,000
93
17
•
Crosley Corp (The)....No par
6%
9k Nov
7k July
July
106% Jan
18% July
5k Aug
10934 Nov
Feb
Feb
11
27k Jan 20
8k Jan 15
j 15% Apr29
Crane Co 5% conv prer..,100
Cream of Wheat Corp (The).2
14%
July
3% Jan
6% May
D3C
Jan 15
103% Jan 2 <
159
2 %
*ii3»
'
-
Preferred.;.
Coty Inc....
,v/^2
14%
k
278
13% Jan 3
3k Jan 15
96 k
;
39k Apr28
2kMay 8
i
■
11% -11%
*13%
2
Feb 17
11
Dec
Deo
14
Mar 26
Jan
Jan
lk July
Dec
lk
Jan
23%
107%
Gee
5
Jan
8% July
.
Dec
k
Y.7
8k Jan 13
5k Mar 26
7k Mar 13
50
ilk
'
Canadian Northern deb 6 J4 8.
5% series
*i532
,90
May
:
97k
103
Dec
Dec
xS2
Jan
31
2k Apr 29
Y
5
-
i 13k' 13%
7
75%\l.*y
Corn Exch Bank Trust Co..20
Corn Products Refining....'25
100
9
21% Apr 29
Contl >ental Oil of Del
60
'
40344-'.- 107)4
"
18%
2h
278
10434
'
107k 112 ;■!
108
111k
.
41k
44
10l4
19%. YlTig 10% •-10% 19%
3
2%
2% f *2%
*2% •V 3
115
115
1131s
115- .116
112 Y 115% 1114
114
114k 116
170k 170k *170.x 172
171% 171% *170% 172
*170% 172
1397(3 172
*27i,i
27.I2 :'27k •27% ','27% 7 27%
27 k
27 k •! 27i,i
27k
*25% 27
*12% •113*2 * l-2k
13 k
*
*12k M3k
*12 k
13 k
12 k -13k
13
13
24.
23 %
.24 V '24k
24%
2lk
24%
24.8 < 24 k' 2 4k
24% '24%
Yf IH4 v'Tlk
*11%. 12"11% '11%
11*8
11% V 11% 11%
11% 11%
H
-7,
k ■v "ie ;*i*i«
re
%
*u16 Y
7j
"ie
I3j
,3i«
1
1
1
1%
A '/
-.
1
a
1
1
{"A1"1%
:.2134 .22U -22 y: 22 '
*21
22%
22 k i 2l Y 21'.,
*20%
*2.0% 2U
10i4 >19)2 < BY" ask *1734 "19%
*17k "13%
*17
10
*17
IS'i
#2878 ■2912 *29'Y •23% '*20% ■21%
*29
2
2.0
'
1073-4
Guaranteed gold 434s...
"
•183S
'
107 k
108 k
10734
i.
279
105
4
7
2% Jan 30
6% Jan 29
2
12
478
Ilk
Jan 16
3
Doc
May
108
80 k
10734
1969
-
23%
*3*4
27k
ltk
.aj
_
14)4 ','*14> f' 14k *14
3 M V *278 ••; 3'4
V" 3%
"8
*714
8 . Y *7 •>
ll9t<> *tl3%-11932
*114%
10734 107:>10)'' 137*2
122
121:121 : *181%
*11134 115
'
23%
6k
9k
»1«
-98
80:
80
1960 A O
■
.8 •/
.634
634
_._„1952 A O
5s A
'*23%
14%
*3Sk
>16%; 1632 Y16%'.'T3%
•#1038 17k •; 17% IS
20
7.18f2a 19
i 11%
ilk
33k
,33'8 ' 33k *33% 33k
:' v* 9l« y. 9%
♦Certificates of deposit
cons gu
*45%
6k
133% *127"
*14i2
*3i
5%
#08
Canadian Nat gold 4)4s..
Copperweld Steel Co
-
Feb
>it Jan
Jan
77
90
3
14
Jan 21
82
5
Contlne italSteelCOrp.No par
700
14%
6
)
93
*1)
California-Oregon Power 4s— 1906
200
9k
47
6%
*11
17:
103
88 k
0034
113 34
27k
61%
.11
I6J4
Y 17- v
4
tBurllngton Cedar Rap A Nor—
Canada Sou
13%
11%
'35%
10k
'73
■
—>—1955 l
20%
9
155
Jan
Dec
30% Jan
2 k Nov ■V 4
Jan
13k Dec
18% Aug
18k Dec
23% Dec
Y
1578 Jan
0i4 Dec
Feb 21
94
9
4% Jan
22
,
.....I
>
90
*10
*73 > 73%
'
'22 k:
72k
D
modified (interest at
3% to 1940) due
1957 A/N
Consolidated 5s
lo
35%
10m
Y 80
93s <#3%
')#3%
2612
734 V 734
#314 H 3'2
#i4' •
'
98 k108
•
lj%
69%
*10 4' >109-
:1018; lOk
#19
••
<■
-22
5%
"
*2534
•
Stamped
Bush Term Bldgs 5s gu
20
*1-5%
43%: 44
«Jie
20
7% Jan 14
Apr 14
6k
|
$2.50
9%
47
14%
♦ol'j' '55
13 %> 14(2
978
107
*33U
Buffato Rochester A Pgh Ry-—
5*lstAcoll5s
Contl lental I iiurance
Contl lental Motors
*3k
,
#35l2: 83»2
19U -T9I4
,
t08k
a
102
102)4
103)4
09)4 .100,
A
Buff Nlag Elec 3)48 series C..1967 J
71k
32k
18
34 H
:
i
91.
74
107)4
*1003-4
102^4
1;; 1st lien A ref 5sseries B.i..1957 A/N
Bush Terminal lst4s_.
2,100
13"
28
2%
90
-«
Conv pref
Apr
1% Jan
-100
ll7a July
65% July
•
I lk F<0) 28
% May
7
>
Dec
Jan
WY,•:■'
.
278
33
k
7
478 Apr 23
Continental Can Inc
..20
Continental Diamond Fibre.5
500
20'8
*45•
"13k :l3k
H%
;27k
Y 9h ~-7,
3j8
17%
*14 %
A
79
85 k
90 f
"74k
108k
*—.1950 J D
F
'
■
"73"
./
cons g 5s—1945 MN
1st lien A ref 6s series A.... 1947 MN
Y.
8% preferred---;
i;
•1,400
7%
5.201
6,200
135
*2%
24
r.
Container Corp of Amerlca.25
Contlne Hal Bak Co...No par
*9
23%
"
*13
"-•
678
*2%
"
102k
75
79 f
89 k
,*73
Tst
Buffalo Gen Elec 414s B—— 1981
100
105 k i
102 k
79
"90""
O
3%,s...1966 A/N
Debenture gold 5s
1,900
24
24k
*7%' ,-7-% ;- 7%
33% 33%
33%
78
[ndustrles..:...l
:
Dec
%
■
D
10334 105k
101
*102)4
Bklyn Union El 1st g 5s. .>—.1950 F A
Bklyn Un Gas
1,000
2%
May
•!• 4kMiy 6
11% Apr 2?
21
7%
6
3% Jan
97-'% Feb
5% conv preferred
109
Co lsumers Pow $ 4.50 pfNo par
Jan
110
39% Doc
16% Jan 13
21% Mar 25
89
15%
Jl% «llk
33 >■ 33
1H4 >11
• •' 6%
6
133% ♦120
93
12'2
..>'53)3
♦Inc mtge 4k)s ser A...July 1970 MN
^♦Boston ANY Air L 1st 4s.. 1955 F A
Bklyn Edison cons M
12%
75%
23k Jan
Apr22
Feb 16
Apr 2 5
Consolidation Coal Co
199
200
Oct
3778
97k
105
D
—..1955 A/N
1st M 5s series II
1,390
v
17% Apr 29
Apr
2k
12%
157#
9%
Apr 20
20
1
»,
47
'.*'ia(!
■
6%
>
'8
80
73
*Uf2
"5 *98 * "fl9k
96 34
U
37
Y"»i
v21i2
2U2
#3512' '88k1
#5U2 55;133.1
1334
-
10634 103 k*
103
103":
1212
6 34 4
10| 127 k 130k
93k
9734
97%
15;
,
*3%
81
9%
93
4S
103)4
10014
J
1950 F A
1st g 4^8 series JJ—
1961 A
1st mtge 4s series RR...... I960 J
700
2%
12%
2
43%
41
*133, 135
27«
%
-23
6
Y
10!
*lti2
*101
Big Sandy 1st mtge 4s——....1944
44
134
13%
634
'15
*73 V 79
>.*%*•■ li
15
15
yi$K<i59'-'A
49 5V 59
i
45
23-
78)4
'
*9ir
;
103 34
A
1965 F A
H
95 k .99
--v
I
"■?
878
*27k
2*2
;*%z
%
11% ,11%
10'2
*10%
•
133% *120
*73
>
48k i
53k !
44
12
80><
107)4
130
10614
314s..—...1943
Beneficial Indus Loan 2lis
1950
cons
Beth Steel 314s conv debs
-33%
*45
13%
200
Mar
104%
-'Yd
$2 p irtlo preferred...No par
Consol Laundries Cnrp
..5
Consolidated Oil Corp.No par
Consol RR of Cuba 6% pf.100
5,600
01
Dei
Doc
8
i
$5 preferred.,..;.^.No par
July
7% Oct
28% Aug
Dec
19%
100
6
.••83
Consol Film
-'73%
83-
278
■
47
13%
•
#39
11%
*92
Bangor A Aroostook 1st 5s....1943
l Con ref 4s
..--1951
Belvldere Del
32%
27«
»
7%
19% '20.
*15% 16
90
-
*,
*10%
> 80.
70
*120
!
49
.--••
*3 J
103),
83
*03l4
*10I2-
\rjkh
61
•
>15
#28
29k
*3
33
IOI4
39
>
22k-42k;
1900 F
....
•
•
Y
0%
90
*82%
,24
23%
*7%;
33%
k*J(2
*23
Jan
44% Jan
75
500
•
2
t:
Consol Coppormlnes Corp...5
Consol E lison of N Y..NO par
500
>
7
k« Jan
!
oar
290
7k
4k
28%
87
4k
26
*75 >
7%M ly
24% Apr 2 5
goer share
83
Deo
96
5
103%Mar 7
9k Jan 10
6>$% prior preferred...100
'
5
Feb
Highest
4k May
21k Apr
16% Dec
Feb 26
25
100
7% oreferred
3,000
14,400
12%
100
2
;
per share $
64
Marl9
18% Feb
91 % Apr 29
20k Jan
par
Consolidated Cigar....No
27
10014 Mat' 17
par
Inc.No
■%>:.:•'
23%
20%
15 r
'83-
5
.7%
4k
4%
12%
2%
'
*74%
J.
•44 i
i'2
13»2
.
15
*33
39k!
29«4
M 8
S'west Dlv 1st M (lnt at 3 A %
to Jan 1 1947) due
1950 J
4s stamped
23«
83"
91
90'
6-34
15
]
44k
M S
1951 M N
Battle Cr A Stur 1st gu 3s
Oji
>
-
»1312 91334
.
;v
39k]
83k
Pgh LEAWVa System—
.
fe
92
*79
to Sept 1 1946) due
2000
Ref & gen ser F (lnt at 1%
to Sept 1 1946) due.... 1936
Ref g 4s extended to
,
: 65k |
69k
31
f
♦Conv due...
-
62)4
30
Ref & gen ser D (lnt at 1 %
-
't
61
30
•
'28
156
•
'*82% 83
( 12% ; 12%
(
2k -2%
26
89%
2
•
$
6k Mar 21
8
Consol Aircraft Corp.......l
*""~20
7%
7%
*l7)j
.2
478-478
7%
!
v.
.
'k
*2'2 r' 278
5
4k
10%
Congoloum-Naim
80
84% 84i;
*% Y: «.
2
-
9,000
1.100
Jan
•16% Jan
Commonwealth E:llson Co.26
Conde Nast Pub Ino...No par
""600
2
'
Ref & gen ser C (lnt at 1 1-5%
to Dec 1 1946) due
1995 J
V"
61)4
i)
g
*45
11% i^lUj!-vllk
-
*41
Ref <fc gen ser A (lnt at 1 % to
Dec 1 1946) due
1995 J
*162
3
IIL
i.
1st mtge g (lnt at 4% to
Oct 1 1946) due
163)
*2*4
-
478
*7
83
-7h
19(2
2SI2 Y29i2">2$(2
4378
43% 44;
'
4S78
Baltimore & Ohio RR-~
I'tl v-J.
*17s
•
,
23
*15"-2Y13%
""'47:
i-"
=
7%
*24
'
2014
t
5'
5,800
2k
12%
8
*32%
,12%
2%
*0
-.I-y
r
r
-33Lv
*15i2 >16%
2
-
7%
*1%
$6 preferred series...No
16%
-5
%
•
8,600
12k
*30%
84'8
%
*7%'
24
Year (1941)
Lowest
$ per share
71
Jan 29
Mar 16
5% Jan
•i
Commercial SclventS-.Ni par
Commonw 1th A Sou..No par
2.200
18%
.
10%
'
12%
2-3S
*
f8478
{'
i
.8
26
*7h
3?
85%
•*4
*7
47)3
.
:*2
*77
4785
irl2k 12%
13
*34%
±23% 23*2
9'
*46
12%
*51
4%% conv preferred.... 100
Comm'l Invest Trust..No par
$4.2£eonv pf ser '35.No par
"8",300
Range for Previous
Highest
$ per share
Columbia Pictures.....No par
$2.75 oonv oreferred.No par
Commercial Credit
10
100
7J3
12k
16%
;
5
Par
Columbian Carbon Co.No par
3,400
23
18%
•
*83% -89%
•
**;
100
■
*77- *-80
82
-
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33'?
3'V
20'
>
1
89%
478
12%
:•
23-,
8>
33
'
••#45,V'.47r:
!*'
I
Range Since Jan. 1
On Basts of 100-SAare Lots
t-
Ijowest
"4,300
7%
7I«
12k
15%
10%-10%
80
*178
82
1278
2i2
,
22% ?2234
•:.*7I2
9
;
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7% 'Ah
33.'
3314
3
3I8
20. Y 2014
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'
J
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238
83.
*
22%
94 k 100
1953 M S
13,
2%
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•10%
7%
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25
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i
;
t/7U
7%
13%
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12%
15k
18%
1
►178
478.
7'8
:
l
13-
8
-5-.-
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16k
4k
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•
17(3
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V' : '6
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7 :-7l<
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f
62k
100
85
-
23%
'
157g
10%
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47(3
I3!«
•-
I29k
18%
2k
*2
27%
18 k
97
2378
7%
'it
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' 782
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8.)i2
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7'8
is
7'«
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i
9934-
STOCKS
NEW YORK STOCK
iEXCHANGE
200
,
6
18%
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7%
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80
47S
1234
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100 k
101
63
58—'. 1959 ./
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tr
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104
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10
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112
109 34 Hi
!
.
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23k
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♦109k 102
782
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6
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891?
714
178 V
i
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.
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80
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85k
-
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111
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99 34
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I 0
D
1944
1944 J
1st 30-year 5s series B._;
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Atlaitlc Coast 1st cons 4s July 1952 M 8
1964 J D
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10
:'73J
■
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#25
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7%
S per share
63%
-6
.
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f
IS'
'
share
per
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91%
23%
24
734
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80
85% fe85%
88 k
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101 k 103k"'.
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.
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34
68
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17 34 ,18
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2
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35)4
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6814
Friday
i
the
Week
Thursday
S per share
«0t-»
f#578v,
*82 :-■} si»
>
.
30l2
'
per share
6()i2
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7 .8
'1#
.:* "■
109k j
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IS'* I8I.1
23«4
8
103 k 105
108
87
9214
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1960 J
;
♦100k I02f
10534 10834
10714
,
104
101U
Y Trans-Con
■'
6l(j
I784 ,18.
y "93*
105 k 10834 :
55
10714
9i
.
1995 Nov
Stamped 4s.............. 1995 MN
Conv gold 4s of 1909...... 1955 J D
Conv 4s of 1905......—... 1955 J D
4
*90
101 k
93
S
#3IV- 67
#25i8" 27.
-
#6
Atehlson Topeka & Santa Fe
4' General 4s.;
-
10134
12
'\-May 5 "
3 per share
*60i4 ' 65 »'
•
J
1964 M S
Armour & Co (Del) 4s B.1955 F A
1st s I 4s ser C (Del)
J
1957 J
V'v''-Y>\/'
53
10334
103 %
10334
Ark & Mem Br <fe Term 5s
"v
6034
10714
♦Anglo-Chilean Nitrate deb
1967 Jan
fAun Arbor 1stg 4s.;
...1995 Q J
1
120
!
102k iot
105k 108.
Y-A-:
j
Am Wat Wks<fc Elec 6sser A.. 1975 M N
Anaconda t
64 4
Wednesday
Mag 6-
.
S per share
e|
.14
.64
High
'
23lo
deb.. 1950 J
conv
"64 >4
O
D
1996 J
'
Type Founders
'
103 H
10734
103%
10714
J
American Telep «& Teleg—
1 3 V4 s debentures
....---1991 A
No.\Low
1024
95 .Jr..
96
103J4
M N
1949
54s..1949 J
.
lilah
Tuesday
May 4 X
Sales
for
Mon day £
May 2
t
-1811
*3%
*74
-
:
21k
.
6%
*77%
20% .20%
*3%
8k
*2Ok
30%
;; 21%
*3%
67)3
*74
77%
*20% 20k
*3%
8k
21
•
*
400
Fairbanks Morse A Co. No par
1,430
Fajardo Sug Co of Pr Rico..20
303
30
403
Federal Light A Traction.
15
$3 preferred
i...No par
Federal Mln A Smelt Co...
Federal-Vfonrul Corn
5
2778 Apr 28
20% Apr 17
6
k Apr 23
75
Apr 30
20
Apr 18|
8
Apr 15!
37k Jan 16
2934 Jau 2.)
8k Jan
93
5
Jau31
24% Jan 16
10% Feb 10
32
16% June
6% Dec
90
May
Jan
24% Mar
13
Mar
100
Jan
19%
Dec
26k July
8%
Dbc
.T»n
^THE COMMERCIAL
//
1812
;
& FINANCIAL CHRONICLE
NEW YORK
for
May 6
May 7
May 4'
$ per share
$ per share
$ ver shate
$ per share
13
12
12
*11%
80
87s
*77
89
♦77
80
*77
80
^
*8
878
*8,,
33*2
*33U
33*8
33*1
*6»4
iW
14»4
14i2
16*8
8378
32
11%
*6*2
14%
*3%
1412
89
8S*2
'8*4
33
14*2
33*2
33*2
14%
33%
: o%
*7
*7
Ul2
*14%
14%
14%
*88
89
14-8
89
31%
31%
100
First National Stores..Wo par
11*4
11
11*4
93*2
11%
93*2
Fllntkote Co (The).—.Wo par
*83
11*4
*83
3,900
93*2
16I2
*16*8
16*2
*16
16*2
'•
16*2
*16*4
16%
21
♦18
21
21
*18
21
*18
-
3*2
3U
34
*31
*31
10
*912
10
28*2
28*2
9*8
9%
10
10
*121>4 127
*6*4
7
*6'4
7
*40la
47
*40*2
47
28*4
28
*1534
16*8
*86'4
89i2
*17g
2
10
*912
18'4
*17
2%
678
2»4
*6%
•
33%
10
29
*28
10
10%
9%
124% 124%
*17*8
*6%
.
;1%
10
*91o
*9*2
*15*4
17%
17
2%
2% - 2%
*6% i 6%
*9
10
*9
10
*9
10
*9
52
*51
.52
*51
52
51
51
4
101*2
*96
*6%
10
*51
4
*3»4
*37g
101*2
*96
*96
38
*3678
3io
♦38s
3734
3734
*10512 107
3
*2*8
*3%
3
3
2*2
2*s
*2%
2%
*7*8
734
7U
7*4
79
*71
79
*71
*71
18
18
*16*2
12134
12134 *120
*17
*120
23
2278
27*21
2712
22*2
28*4
27%
*llli4 113l2' *111*4 113%
75
78
*73
66
66
*65
69
125
125
125
'125
124
18
12
12
4%
12
*8%
*65*4
124*4 124*4
12
*16%
18
2
*1%
2
100*4 110
28*4
*27%
29
403
*16
17
9
66*2
66*2
14*4
14%
ll'i
*65%
4*s
*50
2
#4%
51*8
13*4
13%
*13%
Us2
2
80
74
74
16*4
65*4
65
14%
14*2
14*8
65*2
14%
75
74
2%
*2*4
60
*56
60,
*59
;»53
%
%
%
*4%
4*2
*4%
4*2
4*2
6%
6%
6%
*6 -
634
16%
7
22*8
24*2
16*2
23*2
23%
♦6%
*6%
*23
2334
22*8
*23*4
25
16%
23*2
♦23*4
23%
2%".
2%
45%
1,300
*34
40
*34
40
6%
6%
23%
24%
16%
23%
6%
23%
♦23*4
16%
23%
2*8
16%
14%
2*4
'
60
*74*8
65*2
66*2
.*74
2*8
80
16%
*2
*74*8
.
;
14%
76
' 2*2
60
t
*4% ~ ;4%
*6
6%
6*2
6*2
20
7,103
17%
67%
900
6,200
14%
*2%
*66
3C0
2%
65*2
2.8C0
*4*2
6%
500
4%
6%
Preferred
260
6%
1,100
Graham-Paige
6*2
6%
*16*2
:
23*4
% Nov
16% Apr
% July
\
25
79*2 Jail 19
46*2
Jan
80*2 Sept
20
10
Dec
24 " Aug
Jan
16% Jan
108*.
7*2 Jan
Jan
4
3
r
22
June
112
Deo
12*2 Jan
13
Feb
Dec
:17% Sept
De,-
>40
"u Jan 30
Jan
2% Jan 29
Apr
17%May
:
10% Jan
:
60% Jan
,134 Jan 20
Juu
8
75
;
4
May
8
Dec
Apr
11*2
64
r
>
-
Dec
} lOi'j Dec
59
j
Dec
1
4*8 Jan,.
Granby Cousol MSAP.i—.5
Grand Union w dlv ctfs. Wo par
6
6
Steel.....Wo par
500
22%.
500
Grant
100
5% preferred..-c.—.-..20
Mar
3
16%
600
23*2
4,200
Great Northern pref...Wo par
1,400
Great Western Sugar..Wo par
22% Apr 28
2
7% Jan 12
8% Jan 14
31
Jan 13
25
Feb
3
17% Apr
■:20% Sept
'•90 J Jan
1
•
■>
"13%
Jan
Jan
Jan
12%
Jad
Dec
36%
Mar
"25*8
Jau
Jau
Dec
3% Dec
6% Dec
%
>
1%
6%
•.v;'. 5;'- Dec
2
25 -g
Jau
91
21% NoV
»74% Oct
June A 68% Nov
25
5*2 Jan -9
-
Apr25
22%May
(W T) Co—,———10
Feb
Jan
2% Sept
1 'June ..3% July
"2'2May 7
67; Jan 6
% Jan
Jau
2%
80 <> Dec
8
67%May
15 May
2
2
»u
2 :l Dec
Feb 13
81
30
Jan
8
x38
11 -v
t
<28
i 23
12% Dec
;.18% Dec
Feb 27
18% Nov
28*j July
"
132
133
♦132
11*8
♦10*8
*2%
57
9%
2%
59
2%
*2%
24
24
21*4
.
♦55
*2*2
24%
♦47%
25%
11%
9%
2*2
*55
234
24*4
10%
9%
57
*2%
10%
11*2
*10*8
24%
11%
10*4
10%
9%
2%
*2%
50*2
25%
11%
10%
59*2
2*2
2%
10*4
*54
2%
23%
132
*2%
24
23*8
131
23*4
131
*47*2
53
80
*25%
26
600
11%
11%
11%
9,200
10*4
10*4
10%
803
10
10*4
1,530
2%
*2%
2%
200
59
2*2
24
*54
2%
23%
59
2*2
24
Greeu Bay A West RR
L) Co Inc
1
Greyhound Corp (The).Wo par
10*2 Apr 25
10
Mar 31
54% conv preferred
10
Grumman Aircraft Corp.—.1
Guantanamo Sugar
-
Wo par
8% preferred...1
-.100
28% Jail 27
113
Jan 14
52
Apr
1
,-33% Jan
12% Feb
11% Mar
2
73
9% May
2
29% Jan 24
18*2 Sept
*10% Dec
Feb
3% July
.11%
Jan 24
20*2 Jan
:
10% June
Jan 30
4
36% Sept
14% Sept
11% Apt
29*8 May
•
"
13
Jan
1*2 Feb
9 .;Feb
-
55
.
70 >4
70>f
77>4
Dec
4% Aug
-23% Dec
21
*30
*8*2
♦8%
*97
•<
32
9*2
9%
♦8%
*8%*
9*2
9%
98*2
98
98
*98*4 100
13%
13%
*98*4 109
*13
13%
*129
139
♦126
4
4
88
130
♦4
*85
*85
*6*4
1*8
*79
*42
*147
*10*2
*51%
1%
83
*1234
*11
19*2
25%
*31
4*2
88
.•
6%
1*4
83
4%
45
45
160
♦147
160
20
*30
*8%
*8%
98
13%
32
32
♦8%
9%
9%
98%
*8%
9*9
9%
98
13*2
130
4
*85
83
*6*4
1*4
*80
4*2
45
*147.
11*4
*10*2
53
*32
29%
32
4
53*2
♦82*2
85
20%
32
*128
53%
*128*4 132
29%
♦98% 103
*10*2
11
53*2
6%
1*4
83
4%
45
160
IU4
58
♦128*4 132
32*2
9
30*2
30*2
99%
*2*2
2%
29%
29%
160
*147
81%
4*2
*45
*147
*10*2
11
♦10%
57
57
57
128'4 132
6%
6%
*14
13*4
19%
6*2
14*2
*113
25*2
23
/ 32%
31%
31%
8%
8%
8%
*31
*90
98
♦94 /
*2%
*29%
30*g*
2%
*2*2
29%
For footnotes see page 1817.
13*2
♦11
19*2
*19
19%
*6*4
7*4
14%
14*4
*113
"2*3 "
32
13*4
*11
32%
98
2%
29%
*6*4
*14
■
*8%
31
*94%
2%
29%
26%
32
8%
31
96
26%
*31
2:13*2
*128
*3%
♦85
6*4
30
4
203
88
6*4
"165
*45
160
11
57%
13*4
13%
19%
7
11%
*147
11
57*2
32
1,100
*128% 135
♦32%
34
84
*12%
*11
19%
♦6*4
*14
26%
*31
♦30%
96
93
2%
30%
*2%
30
84
Hires Co
7
103
Hollander & Sons (A)
103
Holly Sugar Corp.,
27%
7% preferred
4,903
32
100
9
400
31*4
96
2%
J
30
1,100
100
400
1.2)0
.
10
I
5% preferred
i
108
July
106% Feb
7
102
Jan 17
100
104
8*2
r
8%
16% Jan 19
146-
4*2 Feb
87
2
Jan 21
\
A—1966
5s serle8
gen
6s
gen
B..May 1960
ser
g3^8...
6
Jan
Apr
6
96
—100
1% Jan
6
l*g
57
Feb 11
158
Feb 28
•
May
1
5
9
19%.VUy ;2
150
2)4 Apr 2 4
2934May 2
106%
Jau
25%
Jad
49%
Feb
Jan
Feu
•vl
:
6%
101,
6% Feb 16
Feb 20
.33% Feb
34
5
Jan 29
10% Jan 29
44 - Jan 20
105
Jan
Sept
.
,
I" 8% Sept
Dec
Dec
168
96
.
Jan
July.
Jan
16%
65*4
80% July
Dec
*123% May
33*2
.
Dec
99% June
-12% Dec
.12% Dec
13% Dec
.5% Dec
.-
.
9
Feb
-50%
Oct
Jan
115
Jau
132%
.
16*2 Sept
18% AUg
30% Jau
9% July
16% Aug
xl07%
Apr
115
Oct
30
Dec
-52%
Jao
39'
Jau
„
g
21
Dec
7% Dec
36
Deo
13%
Jan
64
Jao
100 \ Aug
111
„
v
,
Jab 26
3% Jan 14
3
34% Feb
3*2
96
Dec
10% Apr
•
18% Jan 39
115
June
50*g
12% Feb 24
72
Dec
76
'. 5:
-
:
Jao
2% Dec
26*2
Apr
'
Jau
5
July
37%
054
69
25
•76 '•
26
2m
J
121 )4
121 h
N
67
68
67 ?4
J
39
38 H mn
J
J J AAA K 34.
.ui--. 34
32
31 X
32
J J
30
30
J
J
9.
9.11,19)4
WN
m
*9^
J
J
66 V
60 ;
J J
83
.ISS
724
80
,
4
•
344
123
614
12
36
684
38
4
28%
30
34;
104
11
70
16 :>
.
|
7.4
74
61%
47 H
46 H
V*8H
143
37%
45%
45
.:45%
>45
36 4
48 H
47
49%
100
48
48
48 H
48
48 %
38%
38 4
38%
1989
H
m
15
8
1
16%
15%'
2)4
302
2%
•
.
31%
30
.
A
O
45
..
5
8
r
,
.
25.
121
43
,
1 1989 J
1
366
,:
.
514
484
53
534
53
84
17%
AlH:
3
1987
♦Stpd 4s n p Fed Inc tax. 1987
♦Gen 4?is stpd Fed Inc tax 1987
♦Gen 5s stpd Fed Inc tax..1987
♦4>4sstamped.L
1987
i {♦Secured 6h8 ———
1936
♦
1st & ref g 5s.i—..May 1 2037
♦1st & ref 4 >48 stpd May 1 2037
♦1st & ref 4 >4s C-May 1 2037
♦Conv 4%s series A
1949
{{♦Chicago Railways 1st 5s stpd
Aug 1940 25% part pd..l927
registered.!
4s
..J
"32 ii
——
344
33
34
354
34%
111
33H
40 U
>15
39h
30
22%
34
27
26
42
14 4
22H
47
21%
21'4
22
39
20 H
20 X
22
4
24
23 4
9
234
2)4
2
2
316
1% >2%
.
..
63*4
\27
40
65%
25 %
25%
26 X
108
184
29%
23
22 H
23 X
20
F A
J
194
10
18
20 i
22 X
2
18%
24 4
14H
; m
3h
298
216
15»4
3)4
14%
1SX
14
)5«4
77
D
D
I)
J
J
J
J
M
35
2314
J
—-1960 M N
Orleans 5S.1951
Gold 3>4b.
——
1951
Memphis Dlv 1st g 4s
1951
Chic T H A So'eastern 1st 5s. 1900
Income guar 5s
Dec 1 {960
28
33 W
-
22
D
32
23
*44
33
33h
M W
34
27%
X
33 M
39 X
{♦Refunding gold 48
1934 .4 O
{♦Secured 4>4s series A....1962 M S
4>4s...
22%
224
23
33
D
1>
{♦Chic R I A Pac Ry gen 4s.. 1988 J
4s registered
-1988 J
♦Certificates of deposit..—
4s ctfs registered.....—1988
♦Conv g
33
33
MN
J
20 4
22
32 X
32h
M W
M W
M W
M W
MW
J
J
10
"20
32 X
32
1987 MW
-
77
134
14
77
/
3%
75
80
47
55
*53"
"53%
D
63?^
03 4
28
63
08
S
32 X
524
14
50
,
54
Chicago Union Station—
1st
3>4s series E
1963 J
3>4s series F... —1963 J
mtge
1st mtge
106
100%
lot H
J
J
101 ?4
95 >4
944
105% 108%
99% 102%
97
97
964
084
O
46 H
45 X
47
36
47
{♦Choctaw Ok A Gulf cou 5s.1952 M N
25)4
23
25'4
17
204
West Indiana con 4S.1952 J
J
1st A ref M 4>48 series D..1962 M S
Chic A
-
1943 A
Chllds Co deb 5s
Cincinnati Gas A Elec
3>4b-4«--
1st mtge
Cln Un Term 1st gu
i
1st mtge gu
95)4
'
*109)4
108 X
108%
3>4s D..1971 M N
♦109
A
J
1943 J
5s
111
112
v*98h; 100%
>994
69 4
69 4
85
994
■'
Cleve Cln
.:
GhlC A Bt IajuIs Ry—
1993
.....1993
Ref A lmpt 4>48 series E-. 1977
'■
Cln Wab A M D1V 1st 4s.—1991
St L Dlv 1st coll tr. g .48—1990
Cleveland Elec Ilium 3s
General g 4s
—
General 5s series B
.
.
J D
J D
J
J
J J
MW
.1970^J J
Cleveland A Pittsburgh RR— J
>
Gen 4>4s series B——.--'-1942 A
Series B 3>4s guar
i..._1942|A
i
-
•
^
.
Cleve Short
.
4s—...1945
A Iron gen s f 5s..1943
Colo Fuel
1970
series A.. 1980
Columbia G A E deb 5s.May 1952
Debenture 5s
Apr 15 1952
Debenture5s......-,
1961
Columbus A H V 1st ext g 4s. 1948
Columbus A Sou Ohio El 3>4s 1970
Columbus A Tol lst ext 4s..1955
♦Commercial Mackay Corp—1
*
Income
deb w w....Apr 1
Commonwealth. Edison Co—
Jst mtge
3 >4s series I—
Conv debs 3>4s...
Pasump Riv
Conn Ry A
-*894
108 *
♦105
1074
•
105*" 108**
*105
J
74%
74%
814
824
7
75 4
18
■S
704
634
06%
38
584
'
69 4
74%
83%
84
714
004
1*024
82
82
82
214
21
22
145
15
M N
88.4
884
874
-90
08
85
102
884
00
10
85
102
52
80
101%
A O
634
*105
J ;834
J
O
M S
' >
1968
'
1*024 i03%
1
-
>834
107 4
80
'"Ci
264
34
110%
107%
107 4
1074
4
88
244
8
ioo" 1*074
*110 •
F A
1969 May
*3
1024
1024
*108
A
26 >4
'
23
1104
-
1104
103%
100%
20
•
21-
28%
108%' 110%
100
109%
♦100.4
*105
L 1st A ref 4>4s.l951
108% 109 4
1951
*109'
1901
*1094'.
Congol Edison of New York—
3>is debentures————1940 A
I 3>4s debentures... —..^. — 1948 A
fid"
100% 1104
1034
1044
30
104
3>4s debentures.---.1956 A
103%
1044
15
3>4ti debentures...-—.;.—r1958 J
io->%
106
103%.
104 %
33
33 %
34%
4
23 4
344
34 4
1
26
34%
34%
1
86%
89-
1034
•
;
---i
,371 1044 1084
O
A ()
J D
F A
A O
.WN
^....1958 J
Stamped guar 4>48_—
Conn Rlv.Pow s f 8Kb A..
744
107 >4
*994
f
1st 4s.. 1943
.
.
70
70
534 :
524
2 70
(*,/'-"•■'■■■
line ;lst gu 4>4s.l961 A O
O
14>48seriefi C——1977
j
444
2-44
3
:
Cleve Union;Term gu 5>48--.1972 A
1st s f 5s series B guar
1073 A
lsts
80
50
106 H
107'4
i
70
128.
40%
49X
J
'
Coal River Ry 1st gu
4
•
O
B....1981 J
: ;.
40
.''-v.
.4—1977 F A
series A-
Gen A ref 4>4s series
I V
* »**
1 '•
■
;.
tffi
••••'
O
86
*82
Berles C 3>4s guar^..
^^..1948 MW
Series I) 3>48 guari——— .1950 F A
Gen 4 >4s
■
69X
:
1084 1004
111%
"
99%
106% 1084
109% 110%
102% 102»„
110%
48.1942 M W
3%8ser g——1969 F
Clearfield A Mali 1st gu
904
904
108
108
3 >48—1966 F A
-—.1967 J D
Cln Leb A Nor 1st cou gu
Conn A
6 >8 Feb 19
13*2 Jan
14
-.5 |
Dec
92
.93% Jan 19
13% Jan
2
6
-,Dee
10%
7% Apr 21
Mar 21
11
14% Jah
,
12% Dec
140,
Jan
3*2 Dec
Jan 10
12% Mar 11
'
100 ,111% Feb 27;
-5
Jau
6
40% Jan. 6
102% Jau 12
Mar 13
Mining..—12.50
Howe Sound Co..
"15
6
5
79
Wo par
Houston Oil of Texas v t C—25
Dec
Dec
Dec
10% Jan
7
2*% Mac 21
Jan 3
Houdaille-Hershey cl \.Wo par I 27
8% Jan 2
Class B.
Wo par
30*2 APr 29
Household Finance
Wo par
Homestake
Mar
2
Holland Furnace (Del)---.10
14*4
—
-
*38
Jan
A 0 par
Co.
Feb
•30% Mar
Chocolate....Wo par
(C E) The...
Jau
33
129% Apr
-100
$4 conv preferred
33
5
9
125
6% cum preferred
23% Dec
Jan
Feb
f 51
HInde <k Dauch Paper
1,203
9
10% Apr 28
Apr 27
Hercules Powder—...No par
Hershey
13%
13%
19%
—100
2
4
14' % Apr
■
Wo par
Hercules Motors.
.
103
4%May
45
May
25
Preferred...,.--
"209
•
-.1
Corp
Helme (G W)„
160
11
56*4
*113
27%
200
Hecker Products
1 %May
1
79% Apr 2 4
2
50
53
Apr 20
•
10*2 Feb
—
Hazel-Atlas Glass Co.—-—25
33%
2%
130
Mar 11
12% Apr 23
100 xl20
Apr 2
6% preferred..
3*2 Mar 7
Hat Corp of Amer class A. ..1
100 , 80
6 <4% preferred
Jan 29
—
I
6%May 8
Hayes Industries Inc
Hayes Mfg Corp
30%
30%
1,203
95
98
—
33
Feb 11
25
Harbisou-Walk Refrac.Wo par
403
*8%
*95
13%
100
6% preferred..
5
April
May
8%Mar 16
8% May 7
Hanna (M A) Co $5 pf.Wo par
603
8%
2%
,100
2,533
*1*4
8%
29%
""166
29
4*2
*113
23 *■'
*31
*12%
9*4
100
*98*2 103
20
1%
81%
*128*4 135
*12%
9*2
.25
.25
7% preferred class A
.10
Hall Printing Co..
—
Hamilton Watch Co...Wo par
Hackensack Water
4*2
34
19%
*8%
*98
20
*79*2
85
19l2
*8%
603
1%
81*2
4*2
*32
14%
*30%
59
*1*4
1
6%
*82%
*6
8%
*44%
4%
88
34
*14
*31
1%
80
4*2
*6*4
4
85
'113
25%
*1%
83
*85
6%
128
*32
*11 ".i 13%
25*2
*3%
*83
*12%
.
128
4*4
88
*6*4
8%
98
34
13*4
6*2
*85
9*2
*98% 103
13%
,
13%
130
*3%
33
85
13*2
14*4
♦128
13%
21%
*30
♦32
*12%
..
^13%
8%
,98
♦20%
32
♦82
*11.
19*4
*8%
♦97
*98*2 100
21*2
85
13*2
19*2
..
*20*2
; 34
13*2
*8%
♦92
*79
4*4
48
*6
*14
*113
1*4
•
4*2
*128*4 132
*32
31
*82
*6*4
.6%
4*3
-
20*2
20*2
*30
32
.,
20
♦6s Income mtge.......
.*29
85
*76 4 *834
78 H
♦Colo A South 4>4s
H
,78)< "49
71)4
3 hs registered———.—1987 M W
♦General4s
1987 MW
Dec
54
-42.'«Mar
■
July
144*2 Aug
;135., Dec
4
"14% Jan 6
3% Jan 29
Jan >28
19%
3
4
2% Apr 17.
Wo par
$5 preferred
9%Miy 6
2-% Apr2 4
48% Jan
Gulf Mobile A Ohio RR Wo par
1,000
Apr21
50%Miy 4
25
Apr 2 4
100
Green (H
10
703
130
100
Preferred
100
59*2
25*4
9%
i 2%
24
24
25*4
11%
,
59
*54
2%
24%
131
„
;
9%
59
>23*4
131
131
50*2
25%
50*2
25%
11%
♦23%
132*2
130
*2%
,
23*2
23*8
11%
10
2*2
*934
50*2
26
*25%
25%
11*4
19%
25%
132*4
50*2
62
*50*2
23*4
23
23*4
23
.
'814
A
♦General
Oct
74%
894
85
83'.
^Chicago & North Western Ry—
>
9% Sept
Feb
35
-
Mar
Jan
56
4% Sept
54
Deo
60
Mar
44
14*8 July
6*2
34*8 May
4% Dec
:
5% Jan
65*2 Jan
May
Dec
2% May
Apr
3734 Jan
i
Dec
Mar
;i
,
48*2 Jan
j40% Mar
4
Apr
50
13
9 *8 May
ir *22 H
F
A-i;
Chicago Bt LA New
102
Feb
110
10
5i
:
tChic Milw St Paul & Pac RR—'
♦Mtge g 53 series A————1975 F
j; ♦Conv adj 5s.
Jail 1 2000 A
Jan
14
•
87 >4
«
•
-
121" nix
•*
1971 ? A
1977
4tffi series B...
^Chicago Milwaukee & St Paul—
♦Gen 4s series A...May 1 1989 J
♦Gen g 3h» ser B.May 1 1989 J
♦Gen 4>4s series C.May 1 1989 J
Jan
Feb
458
*
\<
Deo
11*2
Motors
23*4
6*2
Dec
93% Jii»e
29*2
23%
23*4
%i Nov
x9
••
Dec
*16%
*22*2
23%
17
23%
Jau
110% Nov
% Jan
16*a Jan
106*2 Jan
Dec
4
23% Mar 31
15*2 Jan 2
21% Jau 2
22%
♦23*4
7%
;
8*8
Gr Nor Iron Ore Prop..Wo par
22%
24
16% 1
23%
Jan
7
•
23%.
4%
-•
Granite City
-
Dec
4%
105*2 May
7i» Jan 20
,
Sept
3
8
Feb 24
105
Jau
48*2 Jan
127% Aug
48
Mar
5
-100
:
:
Sept
7
•%
1
2
1
Gold & Stock Telegraph Co 100 .74
Goodrich Co (B F)
Wo par i 13
preferred-v>.Wo par
•
Nov
91
132%
10
Goebel Brewing Co
$5 conv
6,
Dec
27*2 Dec
121%
104
19% Jan
50
Gotham Hosiery ..j. -..No par
3
3% Jan
Dec
28%
'
117% Aug
1% Nov
28%May
Wo par
Wo par
5% preferred
..Wo par
Goodyear Tire A Rubb. Wo par
Jan
78% July
>
Dec
125
22 X
87 X
"un
-•A:
78.
♦1st: &
-
j.
Mar
Gobei (Adolf)
400
30
Jan
38
;
6,
13
;
Wo par
Glidden Co (The)
'
35 *s Mar 25
Jan
42% Sept
•13% Mar
Brothers..—..Wo par
$8 preferred
Feb
112% Jan
% Jan
3
126
Oct
Apr
35*g. Jan
33%
9
Jail
"22
130*2
Dee
8-% May
65
Apr
"
15
>1-76*2
67%
*74
*23*4
16%
1,100
2%
♦22%
23%
400
80
16%
300
Gimbel
44% conv preferred
7I6
*4*2
.
;
ii,
"16
4%
;
14
*l,31
**.
**18
$5 conv preferred
800
*13*4
Gillette Safety Razor..Wo par
300
4%
51%
60
*56
2.400
Jan
,
100
6% preferred.
4*8
68
74
General Tire & Rubber Co.-.5
Dec
97
14% Apr
Corp._L20
Gen Time Instru Corp .Wo par
59*2
*13%
14*4 -14*2
74
60
16%
130
'Dec
16
24%
Jan
Jan
Sept
<
>23
I
2.3 30
15%
no:
79 >4
.
♦Gen 4hs:8eries E.May
♦Gen 4548iserleB F.May
j
General Telephone
45%
78
s.
*66
2%
*2*4'
%
*16%
16
74
2%
*2*4
633
4%
51
13%
2%
*2
*74*8
74
14%
♦13%
14%
13%
*12%
13%
'108% 111
111
8%
9
8%
3%
3*2
3%
65
Shoe Corp
.flig
118
;
5'
83
% Mar
Gen Steel Cast $6 pref..Wo par
7
* "32
;
16*2
65
330
4%
13*4
13*4
2%
*2
'
16%
66%
66
59%
40
50
*34
13j„
General
44%
4%
59%
*4%
5
13*4
40
*34
716
*U3}
13*4
10*2 Apr
Apr
General Refractories...Wo par
303
65*2
13%
430
9%
*8%
«
5% Jan 31
108*2 Apr 7
*2 Jan 3
12 >8 Feb
5
Jan
101
$6 pref opt dlv series.Wo par
16*4
9
8%
65*2
8%
Dec
2
IIo"
91
*Refundlng g 5s series B
1947
♦Refunding 4s series C——1947
July
5" Mar
Dec
73*2 Feb
Jail 20
F2%May
3u Jan
..
1
16%
14*8
75
14%
*73*4
Gen Realty & Utilities
28*4
65*2
*65
10c
.100
16
13
16%
105
Gen Railway Signal...Ar0 par
6% preferred.
"703
1
23
*74
| 89
15%
*32
...
Wo par
Gen Public Service..
1.2C0
*100*4 104
*9,
Ink
$5 preferred..
"
7%
1004 104
♦U2h
21%'
■
~M~S
♦1st &
Jan
Jan
;
126 :> 129 4
101
1034
43
102>4
registered.-...—>—1949
General 4s i .A }
t -ii. 1958
Chicago I nd & Sou 50-year 4s.. 1956
Sept.
144
6%
131% Feb 10
15
11H Miy
4% Apr
Gen Precision Eqip CorpWo par
General Printing
Apr 10
20
1% Apr
5
102
2
Jan
•
4
,2,
Dec
3*8
115 - .Dec
2i2 Dec
1% Jan 15
16*2 Apr
Wo par
16
40
2*8
*2
*74
Common...
28
13
71«
•>32
"*"535
12
12
30
122
16
9*8
♦34
40
5
5,6
12%
10
26
4% v 4%
50
13*2
*34
12
*109*4 104
9
#3S
12
12
12
12
Is
**i
26
50
*12%
900
124*4
18
Apr 16
$5 preferred
...No par
Gen Outdoor Adv A...No par
General Motors Corp
*15%
*8%
14*4
52
124
31,100
100
*%i
8%
8%
4*8
4*8
34*2
40% Jan
64% Apr29
122
.100
5% preferred
55
,
Mar 25
61
General Mills
153
♦1%
*13
13*2
*13
13*2
13
13
13*2
*1234
♦12*2
*108*2 HI
*108% 111
*10.8*2 HI
*108%
♦108% HI
8%
8*2
8*2
*8%
8%
8">
8%
8%
8% :
334
*3%
3%
3%
3%
3%
3*2
3*2
3%
*44 A 45%
*44
4534
45*2
*44
45
45*4
44%
*53*4
34
403
39*8 Dec
,
21
127
102
*118""
....—1949
t*Cblc Ind & Loulsv ref 6s_.1947
<
Oct
5%
•1-9
101 >4
101H
101 H
Chicago A Eastern 111 RR—
♦Gen mtge Inc (conv)..—-.1997 J
Chicago & Erie 1st gold 5s.—1982 M
Chicago Gt West 1st 4s ser A. 1988 J
♦Gen inc mtge 4^s..
..2038 J
Mar
104
Jan 16
28% Jan
34Mar25
$6 conv pref serlesA.Wo par
Wo par
60
66
132
■
67
*66
15%.
14%
14%
66
*125
127
116
111%. Apr 29
>
Mar
20
Apr
1044 105%
"102% 103 %'
91H m '1:904
;V:i
Sept
8
5'; 804:. 874
"-.AA
.
120h
127
------
J
Dlv 3 ho-1949 J
3hs registered
1st & ref 5s series
V
Aug
12% July
;
jOl. June
Jan 28
90*4 Feb
r
.
jj.'i
,
724 :
58%
95 %
1st & ref
.>;:
53% May
4-
;
9% Jan 14
a-23% Apr 2 4
$4.50 preferred
No par
Gen Gas A Electric A ..Wo par
1.400
12
26
15%
*24*2
67
*15*2
100
69
12
100
7% preferred
111% 111%
33%
I 16% Apr25
120
Apr 29
; 21% Apr 28,
.
8% Dec
>
6
,103)4
*103
,.•
•
24
80 ; '
.
4s
6% Mar
;•
47%
Jan 20
3
6% A0r15
75
May. 8
General Electric Co...Wo par
6
>
,
.
Juiy
23
Dec
Apr
f
49 4
78 4-
191
(
High
-77%
;;
-
68 '"'
•
Illinois Division 4s_——1949 JC V I 90 >4
2% Sept
;,12 ; Nov
-crT"
21®.
3% Jan 15
2% Apr 16
General Food3 Corp...Wo par
*16%
11%
11%
100*4 110
»
*•«
26
16
9*8
*24*2
1
12
*11%
103
6,100
■v
.....No pair
24,600
12%
12
Class A
5,300
1% •
1%
*73
78
119
Feb 10
General Cable Corp. ..Wo par
28*2
28
Apr 28
3
i
-
;
Dec
J5
;5
'4*8 Jan 10
100
5
7% Apr
&IQ—ill
ClllC Burl
2*2 June
.Apr
i'4
:
84 Vg
;
7
80
J
July
23%
99
•
Dec
1%
.
3
46% Feb 10
2
3% Jan
3
5% Jan 15
: Jan
5
Dec i
18 r
93% Dec
50)4
87
Low
173 "68
6904
57 >4
■
86
No.
High
W 77-J4
70
60h
HI *104)4
J
J
O
con g
2d consol gold 4s.-.
Jan
".
i
■
56'4
F A
1946 J
4s..—.1989 J
1089 -f
•Chicago & Alton RR ref 3s..l949 A
R & A Dlv 1st
.
.
(.. >
87)4
1
1992 M S
1990 M W
Potts Creek Br 1st 4s.
*
Deo
May
46
May ; 41
32*2
7% Apr 1
10*4 Feb 20
Apr 17
I
..Wo par
7% cum preferred
.100
General Cigar Inc.—..Wo par
100
2
2
..5
Baking
$8 preferredGeneral Bronze Corp
Mar 11
36
Gen Amer Transportation.—5
2*8
104
98
j
Feb
36
52% Jan 22
—
Wo par
$6 preferred...
200
75
75
18
*16*2
700
8*4
*4*2
4%
*4*2
4%
*4*2
4%
*412
4%
109% *108
107*2 109*2 *108
109*2 ♦108
109*2
*3I6
*4
*',6
■*
*.%«
* i
*3,8
*4
11%
*100*4 U0
9
932
2
4%
*su
*4
*'l«
12
'100*4 110
*7*4
78
33%
33%
Gen Amer
'105-T Feb
Jan 20
3% Jan
•
6% Apr22
10
8% Apr. 17
5
.50 .,"5.1
Feb 13
338 Apr 25
Investors...Wo par ,
54% conv preferred..
20
600
H
2%May
•
Dec
Since
Janri
i
—
13*2 Jan
32% Sept
20*4 Jan
132 ; Jan
V
9
Dec
May
9*8
2
Jan
V
RCf & lmpt M 3H8 ser E...1990
Jan
35
• June
24
2% Jan
21
7
t&nge
Asked
*
Low
..
O
4%s (1935 issue)-.1950 M S
deb 4^8 (1938 lssue)i-1950 M S
'-•>
•
j
;;>•
ii
Chesapeake & Ohio Ry—
General gold 4Hs—
Ref & lmpt mtge 3 4*s D
Jan
25%. Apr*
Dec
2% Feb
ill
5% preferred
Gaylord Container Corp.
General
3*2
107
132
*65%
*125
123% 123%
18
109
*107
109
38
803
•14 k
28%
*73
73
.32%
124
1%
12
*11%
434
*4*2
*107
124
*16*2
2*8
*2
33*8
32%
18
*16*2
2%
«
33
124
100
*3%
111% 116
*111% 116
*111% 116
1
1
1%
1*4
1%
1%
*73
100
100
*104
i'i .8% Apr. 4
16
May 8
Dec
.21
94% Jan 28
■
33%
Dec
3*8
Jan
16% July
Deo
17%
;
••
38% Jan 3
-19 ; Jan :3
35g Jan 6
1% Apr IS
>
1
Gar Wood Industries Inc..—!
4
38
(Robert)
6
150
101
*3%
*97
Galr Co Inc
Apr 29
S I
Jan
42%
Bid
F A ';•* 76 >4
4s. 1954 A
—1960 F
gu
S t deb
Jan
103 -i Nov
Dee
•
1012
5
Nov
105
8% Dec
Mar 19
41
1.51s Apr 21
85% Apr 10
Gabriel Co (The) cl A..Wo par
"""160
7%
28*4
28
27%
73
32%
*123U 124
*2
27%
27*4
73
65%
;
78
...1
-100
2,800
10
>52
17
18
17
17
*16%
*16%
18
122
*116
122
121% *116
121% *116
23
23%
23%
23% 23%
22% 23
65% 66
12334 124
75
1228s 122%
32%
3 2 >8
*9%
2%
6%
2%
*72
79%
1
1
*1612
*71
•
*6%
3
2%
*7%
1
1
*64
119
2*2
7*4
:
2%
*50
107
*2%
7*4
79
*16%
23
22%
\.*2%
7%
,
: 3%
*2%
2%
♦2%
*7*4
*105
107
107
Fruehauf Trailer Co
3
Mar
27
% pre ferred.,.. 4, —I. — .20
Gamewell Co (The)
Wo par
100
16
16
3*2
*3%
3*2
*3%
105*2 107
*2%
3*4
6,200
2
10
v
38%
38
39
♦38
203
1%
*1%
3%
-
100
*1%
109
100
17%
6*2 Apr 28
Dec
98
6
11% Jan30
32*2 Jan .5
12% Jan 26
131*2 Feb 21
10% Feb 7
Jan 2 1
13
18*2
31% May
v
i
21
45% Sept
,,
Friday's
Price
i
Guaranteed g 5s
A
Central RR & Bank'g of Ga 5s.1942 M N
Certaln-teed Prod 54*8 A... 1948 M S
Champion Paper & Fibre—
1 i 5
.
-
36 * Mar 19
27%Mar 14
40
90
;7
3
21% Feb
Feb
Dec
;
Week Ended May 8-- -
-
Through Short L 1st
,16'(Sept
12
Range or
Sale
Railroad & Indus. Cos. {Con.)
Cent Pac 1st ref gu gold 48.iil949
27)2 Sept
97i2 Jan
Dec
Week's
Last
\
•
-r-
Jan
Dee
12% Dec
16
" Jau
•V"-
;
34*4
>
.
,7
■'
■
8%
5*8 Jan 13
Mar
116
preferred-_.Wo par
Francisco Sugar Co
Wo par
F'k'nSimonAColnc7% pf.100
Freeport Sulphur Co
-.10
$7 conv
88
'*9%
52
3%
4
*3%
3i2
*3%
♦9%
*50
*96 .101*2
38
38
*
3*2
3**8
10512 107
4
101*2
2
1%
10
17
2%
6%
10
*1%
17g
17g
*1% 7 2
;
28%
*16
*86*4
5CQ
*86*4
*16
89*2
28
9
.
86
4
[ 9*4 Apr 28
_10
5% conv preferred
300
44
17%
20
7
*40*2
*28*8
16%
2%
6%
2%,
6%
Foster-Wheeler.
7
16%
2%
2
10
17*2
•
.28
28
103
900
44
7
•'
5 Food
;
Feb 10
30
5% conv preferred...--_100
6
1178 Apr
Apr 21
3l4Miy
)
,7
96*2 Jan 15
20
.4%
14% Dec
39*2 Feb
April
Mar 27
18
Follansbee Steel Corp—_._10
28*2
*40*2
; 28
45
15
10*8
10%
"122
124%
*9%
*28
29
*86*4
17
*178
*1%'
*9*2
124%
Florence Stove Co.-...Wo par
Fair,Store3 Inc.
A1
Food Machinery Corp.---. 10
10
♦9*2
*6%/ 7
89*2
7
*6%
*31*4
*40*2
*16%
21*4
284
33%
28*s
28*8
2
'9*2
17*2
*31*4
*9%
47
17g
M4
9*2
17*8
;
33%
10
500
/ 3%
*122
*86*4
13%
17g
2%
;
?*134
»
*3*4
7
*40*2
28
*16*4
*88'4
*2712
125
*6*4
,
3%
912
125
"**460
90
Florshelm Shoe class A.Wo par
*3%
BONDS
N. .Y. STOCK EXCHANGE
share
per
2% A
;
Jan 19
16 % Feb
92
Feb
•
2
9*4 Jan
1
$4.50 preferred..!.-..Wo par
12
:3%
*9*2
*28
29
9*2
18
1612
*31*4
10
*28
.
*3*4
34
'
*9*2
125
*122
*
3%
3%
*31%
32%
*31
32%
4
4134 Jan 3
11
Feb 19
3
2934 Apr 30
31%
11
*82
■
23'2
*912
*23
13% Jan
•
87% Apr 27
*18
34
Jan
11
% preferred series A.. -100
6
200
87
>29% Apr 29
!; 8% Apr 23
(Win) Sons Co.Wo par
Firestone Tire & Rubber—.10
IH4
3 >8
*31»4
*88*4
Mar 12
7% Apr 21
'
Fidel Phen Fire Ins N Y.S2.50
Filenes
1J00
77
4%% conv preferred....100
—-1
.4% Feb
18*8 Jan
Highest
$ per share $
$ per. share:
2
3% Jan
11% Apr 28
Ferro E mmel Corp
93*2
21
*3'i
89
2,100
"
>,
Stores.Wo par
11
*82
16*4
*18
*6%'
Federated Dept
""260
9h
32%
: v'i'v'V
'"■'*>paT
Federal Motor Truck..Wo par
! 0
*77
8%
J
Lowest
Highest
$ per share
i'l
100
200
*82
lUs
9312
16*4
12%
Lowest
93*2
*30U
11
11
80
8%
8
Friday
j>
Year, (1941>
v
EXCHANGE
Shares
31'
72%
*3%
Range for Previous
.
Op Basis of 100-Share Lots
;i6*2
31»2
*30
*82
♦87%
*30*2
$ per share
3%
12%
Range Since Jan. 1.
STOCK
Week
._
*14*4; 14%
*88*2 89
14*2
14%
*87i8
,
8%
,| 8
33*2
1*74 1472
'
*3%
*11%
*77
*12
*8
♦IDs
*77
*3%
3*8
3^8
May 8
S per share
3%
3%
12*2
3?g
13
*3*8
.
the
Friday
L
Thursday
May 5
May 2
|
Wednesday
Tuesday
Monday
Saturday
cfnpirc ; ••
Sales
7
LOW AND HIGH SALE PRICES
Monday, May 11/1942
BOND RECORD
NEW YORK
NEW YORK STOCK RECORD
\"i.
^
:
Consol Oil conv deb 3>4s_. —1951
103%
J
'34
{♦Consol Ry non-conv deb 4s 1954 J
—.1955 J
♦Debenture 4s...—
i—1956
♦Debenture 4s
-
J
-.A...
J
J
900
1""* J
Consolidation Coals f 58—
1024
101%
-
J
7
88
*•
■f'
Consumers Power Co—
-
110
,,
102 4 104
104
106%
103
106
.
-
1054
108
103
1054
23 4
34%
•11
80
90
107
-
•'.*•
3>48-
1st mtge
3^8.-—...1967 M
—
1st mtge 3>4s—-i.—.1970
CranB Co 2% s s f debs—... —1950 A
Steel 3hs s f debs.-1955 J
Jao
O
D
6
100%
2
108%,
1084 109%
110
W
MW
1st tatge 3>£S—>.!———.1966 MW
1st mtge 3ha—-ii—|i—1969 MW
107%
109%
M0--
5
108% 110%
107
1965 MN
1st mtge
Crucible
1
•
38
103
•
>4
i
*1074
-'-i---
*90%
944
1064
110
•
100%
94 4
2
i-•—
i'-i :
1
100
107%
107% 109%
994 101%
92
94%
.
For footnotes
see
page
1818.
I
i
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
"
NEW YORK STOCK RECORD
NEW YORK BOND RECORD
Week's
Friday
Rame or
Last
BONDS
Low
♦Deposit receipts
B
♦Denosit receipts
Curtis Publishing Co 3s deb...1955
Tuesday
May 4
May 5
Wednesday
May 6
•7|«
*2% » 3
*1778
18«4
35%
0 32%
25% 32%
23%
30%
*2%
378
28
1
ver share
v:,
3
18%
18
1
1%
y
S per share ! S per share
%
92%
86%
*234
18%
18%
Del Power & Light
lst4>$s
1st mortgage 4Hs
*107% ft
1936
rconsol gold 4«s_
.....
*106%
18%
.-...I960
t J*Den & RG 1st cons g 48
-- --
*105
1971
1909
1st & ref 4%'s
...1936
gen 5s.. .Aug 1955
♦Assented (subj to plan)
♦Rcf & lmpt 5s ser B-.Apr 1978
1
1965
14
57g
*13%
14
14
37
37
37
3734
38
3
3
*3
8%
*3
6
ft
Gen & ref mtge 3Hfl8cr G...1966
...#*.1970
Detroit & Mac 1st lien g 4s
110%
104%
4178
20
87
95%
g 5a...1937
1965
*52
108% 109%
2'8
53
.
2<
*2%
108 '
Elec Auto-Lite 2 '4 s debs
1950
Elgin JolletA East Ry3tfs:... 1970
*99%
103%
102
....
5s stamped
1965
68%
1965
........
*63
99%
....
103%
10
69
1. 17
"99%
103
:
58%
56%
104%
70
62
*7%
A
100 x
1957
1995
M 4s series B
cons
Ohio Dlv 1st mtgc 34s
88%
8%
25%
42%
6% preferred series A... 100
170
Leased lines 4%
100
RR Sec ctfs series A... 1000
*3 <
3%
12
12
7
11%
22%
¥!w
23
*155
*74
56%
984
ft 984
*5%
mx
96
4
417S
1477g 1477s
147
147
30
30
30
30
30
*94
90
*94
149
96
2%
2%
2%
734
*7%
88%
*73,1
*24%
92
83,
25%
128
2%
2%
*2%
2%
*2%
97s
ft' 300
150
150
94
2%
284
2%
■
2%
30
97
2%
*7%
88%
*8814
8834
8%
8%
8%
*24%
-
*28l,i
*90
94
,
;
25%
130
30
*29
7%
25%
"127% 130
2%
234
*7%
,
':*7%;-:;-7%
*88%
»77g
88^4
87g
*87%
*778
25% *24%
*127%
*24%
*127%
6%
*53.i
19
;
6%
19%
88
5134
19
01;
*84%
517g
5}%
125
19%
18
19%
*54
55
*63%
{♦Florida Cent A Pcnnln 5s
1943
{Florida East Coast 1st 4 Hs---1959
65
834
*8
125
*584
6
1834
>5%ftft6'ft ft
19
5034
125
*187s
19
88
*84
19%
*54
*86
88
5178
125
18«4
19
60
100
6%,
.
5134
5112
55
*54
55
64%
*63
66
*8%
884
*8%
834
7%
7%
784
734
118% 118% *11834
*3%
334
3%
*16%
19
*16%
*6%
6:
*6%
3%
19
6%
3%
*16%
6%
19
6%
*17
*87
87
*82
87
*85
7
6%
♦1183s
3s debs 1956
coll trust 6s—1950
*3%
3%
18%
89
8%
*77g
Gas A El of Berg Co cons g
5s.. 1949
Castings 5^8 w w
*10%
1949
*95
28 7g
1st gu 5s..ft. 1947
*17g
>36
Great Northern 4%fsserA.~ ..1961
General 5 Hs series B
1952
102
*63%
8%
66%
8%
General 4^8series D
General nitge 4s series G
series H
3548series 1
Gen mtge 4s
2
1534 May
2%
13s Apr 13
21% Sept
Dec
4%
Jan
34
Jan
% Nov vftft
21
9% Apr29
5% Apr 21
1
Apr
1934 Feb 18
103
Apr 7
5% Apr 29
Apr 20
No par
6
300
Int Business Machlnes_Aft par
109 78 Mar 16
8,600
Internat'l Harvester...No par
Preferred
100
147
400
Int Hydro-Eloc Sys class A.25
Int Mercantile Marine. Wo par
Internat Mln A Chem
5
400
1,000
1,200
500
100
4% preferred
Internat'l Mining Corp
1
Int Nickel of Canada..Wo par
600
6,200
Preferred
100
100
Intenatlonal Paper Co
7,500
5%
800
40
% Jan 2
6% Apr. 17
3% Apr 15
38
Apr 10
178 Apr 25
24% Apr21
126«4 Jan 3
10"s Apr 14
Apr 14
134M ir 25
41% Fob 10
15
conv preferred
100
51
.
Inter Rys of Cent Am..Wo par
""""56
5% preferred
International Salt
39
No par
26
100
International Silver.
600
100
30
Mav
94
1,100
""'"36
Preferred..
100
"""20
Aug
24
Aug
Dec
45% May
3% Jan 28
16% Feb 4
2
Dec
434
Aug
13%
Dec
21%
Jan
5
Feb
9% July
2()34 May
85% Dec
154
Sept
2m's July
7
934 Feb
27
Feb 25
100
Jan
157
Jan 12
74% Feb
8
4
12% Jan 14
6 % Feb
8
9
Jan 14
151% Jan
5!
8% Dec
Feb
19
Dec
107
July
3'g
8
Feb
•
Dec
11%
167%
Dec
Jan
170
>4 Dec
34 Jan 19
Dec
Jan
57
June
150
9
Jan
13% Jan
7% Sept
27
Sept
113% Jan
May
42%
160% Feb 18
12% Jan
Jan
90%
140
4
5
Apr
41%VIw
Jan
161
6
5
Feb
111%
Dec
6
23% Jan 27
111% Feb 3
103s Jan
63
July
Jan
2%
Jan
133g Nov
4
3
0%
Apr
9
Jan 31
l»4
4
Dec
July
313g Sept
4
1
Dec
Mar
4
j
May
131
1584 Jan
5
)%
Feb
20
60% Jan
5
1%
Dec
2% Jan 26
1%
Apr
2S34 Feb
130
1%
3 2
Feb
i
2% Sept
48%
5
May
Oct
31%
Feb
Oct
49
J% May
48% Fob 13
Jan
Sept
73%June
Jan
2
39
Jan 26
i%
Feb
49
Oct
May
7
96
Apr 13
»
Jan
104
Oct
2
2
7%
88%
784
2134
...1
127
1
10%
Dec
2
No par
$6 preferred...
Dec
lig Jan
.100
Intertype Corp
Island Creek Coal
4%
11%
6
May
50
Jan 2"
31
■
4634 Jan 31)
Mar 14
100
7% preferred
Inters'! Telep A Teleg.Wo par
Foreign share ctfs...Wo par
Interstate Dept Stores.No par
34,000
278
7«4
89
No par
International Shoe
"moo
Apr2 1
May 6
#
1834 Jan 27
Mar 25
42
Jan
Mar 28
Apr
Apr
Apr
Apr
11
29
2 >
18
2% Mar 25
2% Mar 27
0% Jan
95
3% Sept
[% Dec
[3g Dec
5% Feb
2
7
2
7
Feb
32% Jan
6
1%
Dec
132
Jan 12
3% Sept
14
Sept
98 ■ 8ept <
Feb
F"b
9
6%
*18%
*86%
88
52
Jarvl8 (W B) Co
52
5%
19
4X% preferred..
85
Mav
122
Jan
100
Johns Manvllle
No par
Preferred
..100
8%
8%
7%
8
Kalamazoo Stove A Furn
65
»
21
618/iMav 1
63%Vl ay 1
8
Apr 2,1
Jones A Laughlln Steel.Wo par
18% Apr
5% pref series A.......100
5% pref series B conv.. 100
Joy Mfg Co
1
65
•ft
2
6
4
50% Apr2 i
6% Jan
1834 May
1
Jewel Tea Co Inc.....Wo par
8
33%
107%
62%
125%
Jan 20
Mar
1
9% Aug
3334 Aug
134% Aug
ir
5%
2
Jan
6
5
M
Jan
14
Jan
44
Dec
31% Dec
107
ft Jan
Dec
111% Dec
71% Sept
Nov
128
Dec
s
49%
4
4
3
122
24®4 Jan
64
Jan
6
59
Oct
27% July
67 ft.-Aug
79% Jan
3
64% Dec
80% July
11
Mar
Apr
1634
Jau 20
75
5J^s B
1950
series C
1950
4sser B...1975
♦Gen mtge Inc 5s ser A
2015
Island RR—
M 5sstpd
Steel s f 4 Hia
91
23%
23%
9
9
95%
74%
59
i
Hudson Co Gus 1st g 5s
12%
18%
35%
119
Hudson A Manhat 1st 5s A. —1957
36%
Fcbl957
8%
♦AdJ Income 6a—
,
15%}
*24% ;
25%
29
*10
Collateral trust gold 4s
24%
105
2878
19%
197«
24%
24%
25
17%
*95
8%
102
*11
Dec
'
8%
Feb
14
De«-
Sept
*100
6
5
7
99
Apr
28
11 % Feb
8
Apr28
17.
17
123s
*135
52
53 M
1955
47 if
48
1952
43 A
47 H
57 H
46 %
4m
5m
39%
48%
50
1955
47%
38%
49
83
,\
57
12%
18%
*18
18%
18%
22% "22%
22%
22%
4% ft 4%
22%
18%
23
4's
22%
58%
57%
4
*21
22%
21
5484
*54
56%
*54
56%
56
5634
169
*16?4
.
*163
*163
*1634
17%
♦24% -25%
*2434
25
*28
29
28
10%
10%
12
167S
;38%
35%
*3
12
66
;66ft-
167
29
10%
167s
167
10%
*117s
*1178
16%
12%
6
105% Jan 20
37% Jan 3
13% Feb 20
30's
Dec
3934 July
11%
Dee
14% July
25
Dec
25
33
Kresge Dept Stores
1
Kress (S H) A Co
May
27% Apr 29
1134 Apr 9
Wo par
Kimberly-Clark
Wo par
Kroger Grocery A Bak.Wo par
38i.i
35%
12
880
400
300
May
D4 Jun
17
Jan
6.
5
9
Mar 31
3
Apr 30
19%M iV 7
22% Apr 29
1
4% oonv preferred
{Lehigh Valley RR..
Lehigh Valley Coal
...100
50
No par
7% Apr 29
21% Apr2t
11% Jan 2
8% Mar
17
15% Apr 15
18% Apr 14
1
Jan
6% conv preferred..«....50
1,400
Lehman Corp (The).._...„.l
Lehn A Fink Prod Corp.....5
1734 Apr
200
7,400
1,000
No par
20% Jan
.ft 4 Mar
Life Savers Corp
5
100
Liggett A Myers Tobacco. .25
Series B...
25
Preferred.....
.100
1,200
...
20
50%
50%
164%
1634
3% July
40% July
100
Lily Tulip Cup Corp...Wo
*24%
25%
25%
25%
500
Lima Locomotive Wks.Wo par
24
128
28
*27%
Link Belt Co
*10
28%
10%
200
10%
500
Lion Oil Refining Co...Wo par
2734 Apr 30
9% Jan 2
200
Liquid Carbonic Corp..Wo par
Lockheed Aircraft Corp__.._l
1678
12
17%
39%
383.t
35%
12
17%
39
17%
39%
36
16-34
38%
35%
12
36
36
3%
1534
•
4,000
4,100
800
500
400
1,200
No par
Jan
3
16%May
1
6
No par
37
2
Lone Star Cement Corp No par
35
Long Bell Lumber A...No par
25
15
Loew's Inc
Loose-Wiles Biscuit
Lorillard
10
(P) Co
7% preferred
100
— -
Louisville Gas A El A..Wo par
11% May
Jan
5;% Sept
Jan
2
28 's
Aug
29% Jan
5
29%
Jau
27
:
8
17% Sept
39%May 8
1784 Mar 21
9'<4 Jan 19
18% Feb 4
23% Jan 9
45% July
14% Sept
13
33
1734
par
26% Sept
22% Jnn 9,
3% Jan 23
Mav
13
2634
Mar
Apr29
2% Mar 2/
Mar 13
11% Apr 20
128
Mar 30
Jan
Oct
116% Jan
5% Aug
2% July
Jan 16
Jan
Aug
2734 July
26
1434 Sept
9
6
7
24% Sept
14% Nov
27% Sept
Jan
453g
7%
3
Jan
39
23% Jan 29
5% Jan 29
17% >17%
17%
Jan
5
5
20% Jan 14
Apr-Apr 29
Apr 16
Apr 14
38
Mar
3
<13
Mar
106
Jau
Jan
21% Jan
113s Apr
18
Apr
Libbey Owens Fcrd Gl.Wo par
Libby McNeill A Llbby
7
Lerner Stores Corp
Jan
8%
98% Feb
1% Jan 20
14% Apr 8
8% Jan
18
2% Feb
40% Feb
29
106% Mar 30 113
4
2% Apr 25'
2,200
58%
58%
173
par
Lehigh Portland Cement.-.25
2,100
*164
No
No par
Lee Rubber A Tire........_f
"""206
*57%
(The)
Lane Bryant....
500
22%
4%
23%
*55
100
Co
600
22%
*21%
5% preferred
Lambert
1,500
18%
4%
Laclede Gas Lt Co St Louis 100
1,370
18%
*3%
3%
3%
3%
3%
3%
*15% "16% *15%
16% *15% 16%
12
1134
12
12
11%
12
*135% 142
*136
142
*136
142
*136
142
*13% 14
*13% '14
13%
13% *13% 13%
*65
66%
65% 65%
66%
65% 65% *66
*117*
*13lii 14
167
57
25%
10%
38%
35%
13%
*55
24%
12
.
*20%
56%
17%
*28
38% V 38
35%
35%
3% ft *3.ft.
16«4 ft 1584
*1534
1178
'
*16%
10% •10%
*11%
1634
4%
21
•
57 ft. 57
167
17%
•
4%
Apr
100
No par
71.1 Apr
Jan
73% Jan 12
96%
Jan
74% Jan
5
98
Jan
175
Jan
6
189
Jan
19
Feb
5
21
June
32% Feb
4
34
Jan 21
1014 Mar 25
15%
24%
41%
42%
4%
Jan
Jan
Jan
Jan
Jan
1834 Feb
15% Jan
149
Jan
3
6
27
2
24
6
29
30
a:2034
3:29
9%
13
Dec
30,
May
37%
Jan:
Jan
Dec
133g July
Apr
16%
Jan'
Apr
31% Sept
28
May
35
Apr
39% Oct
45% July
19%
1% Dec
1334
Jan
12% Dec
334 Dec
19
19%
Dee
162
15
Dec
60
Feb
Sept
Jan
22
142%
lia4 Apr 9
6 334 Apr 29
18% Jan 8
76% Jan 26
1
23% Jan 12
19
Dec
Jan 27
3:132
Dec
Jan
Sept
74% Nov
s
71
57
*11%
*18
121%
Dec
19%
25
19%
12%
Aug
Dec
Kinney (G R) Co..........I
$5 prior preferred...Wo par
Kresge (SS) Co
10
2
*18%
*11%
0
43 A
Collateral trust gold 4s . ft i ..1953
1834
21
*135 -142
142
13%
18%
*11%
43f,
1634
35%
ft 33«
*12;
70
18%
'
♦ 16
*85 A
♦85 A
12%
19%
12%
95
Aug
Jan
Dec
Dec
6%
104%
Kendall Co $5 pt pf A ..No par
36%
1734
3%
19%
25
24»4
1434
Mar
100
Jan 2 7
99
2234 Aug
Deo
9% Dec
13%
.
Aug
934
26%
19%
100% Jan 13
6
Dec
4%
*25%
*3
.2
2
Jan
121% Mar
xll8% June
17
1
•
12%
4% Dec
8
May
434 Jan 27
22
Jan 27
7
Keystone Steel A W Co.Wo par
3%
Apr
May
8
120% Mar
12% Mar 16
25%
19%
ar2434
2
<10% Apr 2i
4;<s Jan "
Kennocott Copper
*1%
10
Jan
13
36%
17%
16% Jan
87
28%
1%
Feb
Mar 17
2»4 Jan
1
*12
36%
17%
5
117
100
Kelth-AIbee-Orpheum pf._100
6%
105
2834
■
Kelsey Hayes Wh'l conv cl A. 1
Class B.,...i...»......... 1
11%
5%
100
Dept Stores
5% conv preferred
Kayser (J) A Co
13
*12
*3
17%
*734
...
19%
12
12
38%
*3
*91A
*30
*100
128%
20
*178
4
19%
28
10%
,
38,.
..1951
1952
1st gold 3s sterling
28%
37
5434
17%
*28
48%
35%
1951
17%
*3
22%
*163
170
ft 1634
1951
1951
6
*25%
2% ■ft.'■ 1%
37% ♦35%
17%
17%
*3
3%
2%
37
*1934
,
*55
56%
*16%
120%
ser A. ..1081
3 Hs.'.
28%
21
5484
*163
45
Illinois Central RR—
gold 4s
11%
6
25
4%
21%
5434
55%
*11%
Extended 1st gold 3 Hs_
25
22%
4%
*21
i'
Illinois Bell Telep 2
25%
*1%
*36
1734
*18
22
.
4
122% 126 •
98% 103
61% 87
5
102% 104%;
1949
*25
1978
23%
18%
*11%
22
f 5sser A.... 1962
13
102
'11%
4% preferred
Kaufmann
6%
87
9
191.1
*18
.....
102
*95
6%
29%
*183(1
H
-
100
*12
4
*11%
-
6%
2834
12%
__
92% 92%
102% 105
109% 111
Rocking Val 1st cons g 4 H8..-..1999
Hoe (II) Co 1st mtge
..1944
{{♦Housatonic Ry cons g 5s. ..1937
Houston Oil 4 %s debs.
ISou
878
*17
*85
9%
9141014
10% 10%
10%
11%
1134 13
23% 23%
2334 25%
26%
27
35
28%
33
39%
12:
12
*12
1134
12%
12
12
12%
12%
12% 12%'.
*8%
*878
9%
9%| *9 •
9%
*9
*9
*9
9%
9%
9%
*16 y; 17
*16%
17 I *163g 167g
ft 173s
16%
16%
16%
17
17%
19% 19% *19
.19% 1*19
19%
19 19
187g
1878
18%
18%'
*107
110% *107
110% *107
110% *107
110% *107
110% *107
110%
*2%
23.4
*2%
234
*2%
234
234
2841
25g
234
*2%
234
*1
1%
1% , l%ft>K:ftl%
11*.
1
1
*1
1%
*123,1 13% *12% 13
12%; 13
123s
123s
123.1
13
12% 13%
92%
51
D—.1069
102
28%
37
*3
87
10
B Wo par
Kansas City Southern.No par
3%
1834
1134
10%
87
1952
1961
1st & ref Term
1978
*24
=
68%
1st mtge 5s
GullState8 Uttl 3 Josser
65
7%
Gulf Mob A Nor 1st
11%
*6
*12
2%
*17%
6%
*6%
334
ft ft
99%
97%
79%
63
Gulf Mobile A Ohio
102
10%
Kan City P A L pt ser
118% 119
384
18%
3%
87%
95%
93%
ctfs A
1734
31.,
1934
23%
89
81
1977
1946
1946
1967
General 4 %s series E
♦Green Bay A West deb
♦Debentures ctfs B..
85
*95
6%
25%
*17g
77g
*119
3%
12%
*36
1934
07%
*100
7'%.
*8
12
6%
287„
*25
2%
37
*3
105
94
*11
28%
12%
*17%
105% 108%
100
1973
1976
General 5s scries C
12
6
12%
25%
*25
*95
6
2878
*12%
8%
102
*8
102
*100
102
*100
Goodrich (BF) 1st 4 tfs. ...... 1056
Gotham Hosiery deb 5s ww... 1946
Gouv A Oswegatcble 1st 5s
1942
*119
ft
87
8;
*10%
12
63g
*6
1 1945
{^♦GaCaro A Nor 1st ext 6s... 1934
{♦Georgia A Ala Ry 5a...Oct
89
*77g
102
*95
7%
.
.
6%
*63g
*87
"j Refunding 48
-ft
Purchased lines 3^8
Refunding 5s
40-year 454s...^
...1966
Cairo Bridge gold 4S.;_.....1950
Litchfield Dlv 1st gold 3s.... 1951
Louis v Div A Term g 3 5^8
.1953
Omaha Dlv 1st gold 3s.
1951
*80
Bt Louis Div A Term g
3s
1st A ref 4 As series C
57
53
45
40
*48
1951
Joint 1st ref 5s series A
>65
45
49
39%
52X,
Springfield Dlv 1st g 3Ks... 1951
WesternLlnes 1st g4s..._. .1951
111 Cent and Chic St L A N O—
~W~
"5m
1951
Gold 3^8
'
ft :
—
•
Feb 18
51
Interlake Iron
1,000
*124% 125% *124% 125%
19
187s
19%
19%
*54%
547g *54% 54%
64%
*16%
1st
6
4% Apr
K
1982
Food Machinery Corn
1st gold
Jan 12
1974
§♦ 2-4s (Proof of claim)
•Certificates of deposit
Hudson Coal lsts
155
6% Jan
21
Interchemlcal Corp
No par
6% preferred
;......100
Intercont'l Rubber
No par
{Fonda Johns A Glover RR—
Gulf States
74
100
Insuranshares Ctfs Ine
600
♦Certificates of dcinwit
Gulf A Ship
2
Feb
Feb
J
*53t
5178
Gen mtge
par
Inspiration Cons Copper...20
"
2%
87g
25%
5% Jan 2
1334 Apr 20
No par
6% preferred
*9%
149
2%
734
*127
*124% 125%
Grays Point Term
2
6
Apr 24
May 1
Inland Steel Co
2,600
20%
99
*
1956
Firestone Tire A Rub 3s deb... 1961
Gen Steel
4
21
....No par
Ingersoll-Rand
300
77
5614
276
Fairbanks Morse deb 4s
Francisco Sugar
%
v.
2
32% Jan 2
2% Jan 2
10% Apr 21
Indian Refining...
10
Industrial Rayon...... No par
900
55%
6
20
Indianapolis PAL Co .No
200
23
*155
w
55«4
140
1,400
117«
ft;?.'- 'ft: 7
76
*75%
-
55%
•97g
3%
ft
132
48%
J87g
1st A ref 5a series A
200
>
*117%
149
128
130
*85
♦
Highest
share $ per share
»u Dec
% Jan
I '4 Dec
3% Jan
per
8
92
1971
*534
6%
118
1,400
14
38
57g
*5%
578
*5%
57s
*20% 21%
2OI4
2014
105
*104% 105
*104% 105
*104% 105
6%
6
6%
534
*5%
534
*5%
6
6%
6%
6%
6%
6%
6%
120
123
119% *119
*117% 11984 119
42 3S
42%
41%
41%
42% 43%
42%
105
6
*7%
*8814
*7%
*24%
•
88U
*5% ft 6
20%
20%
20
23g
2%
734
*7%
'
Erie Railroad Co—•
1st
2
Jan
•h Jan
100
6
14
37%
*3
76
•
*0%
23),
214
*214
100%
76
9%
0
*6%
30
99
•,214
*128
1st cons M 4% s series
Illinois Central RR Co
2
16% Apr 17
3% Jan 2
1
14
22%
*94
30
*94
103
150....
..
*Gcn mtgeinc 4
scries A.201,5
♦N Y A Erie 11Rext 1st 4s... 1947
{Hupp Motor Car Corp
.
2618
*2412
El Paso & S W 1st 5a
3,100
5,300
...
40
ft:- 30-
109
100
1
47
26l8
Mind Nor Dlv 1st 4s..1948
.
45
*4514
*100%
♦ft-i.
4%
ft,-.Us
1
*% ft.' %
*9I«
%
;
*%;
%
*% :
1%
% ft,
%
7
*67g
& 7
7
7
*6%
67„
*63.1
678
43g
*414
43g
4%
4%
4%
4%
4%
*4%
4%
41% 41%
41% 41% *41
*41
44
44
41% 41%
2%
2%
*2
*2
2%
*2
2%
23g
2%
2%
25
2478
25% 25%
26
25% 25%
25% 26
26%
129% 129% *128
131
♦128% 130
*128% 130% *128% 130%
11% 1178
11%
1134
11% 12
11%
12%
12% 12%
53
53
53
53
62
52
52%
52%
52%
52%
*2%
2%
*2%
2%
*2%
*2%
2%
2%
*2%
2%
*45
46
*44: ~ 46"
45
*43%
*43% 47
43% 44
*37
40
*37
40
*36
40
*37
40
*37% 41
26% *26% 27
26%
26
26
26
26% ,26 ft 26;
2434
*123% 131
11% 1134
102% 103%
106% 107%
15% 27%
1st cons g 5a„.1995
Year (1941)
Lowest
Highest
$ per share
% Jan
5% preforred
100
Hud Bay Mln A Sin Ltd No par
Hudson Motor Car
No par
38
22%
*155
9%
417g
4%
*414
*4114
*178
2458
40
17%
*37
Ed El 111 (N Y)
1,400
6%
5534
*140
72
684
75%
56%
6
421«
101% 106%
35
East Tenn Va A Ga Dlv 1st 5s. 1950
200
18%
11*
6
12
6%
56%
118
150
22%
*155
104% 10434
*534
6%
118
*143
75%
*11%
9%
20
106
*116
6%
117ft
56%
*5% ft o
6
-*512 ft; 6I4
6I4
6I4
87 ft
108% 111%
109% 111
87
110%
Dul Miss &lr Range Ry 3^8.-1962
East Ry
hi
'33g
1814
4's
38
3i->
9%
20
*104
4%
1995
M3^8
7u
*234
*13%
534
14%
38
7%
22%
*22%
77%
5.34
*13%
56%
50%
07«
*5%
19%
3%
19%
1995
Detroit Term & T u nnel 4H8---1961
Dow Chemical deb 2 %s
1950
Duuucsue Light 1st
*9i2
57g
i 14
1184
*678
7%
*155
55l2
•
,
11%
23
*74
77
*19%
♦.Second gold 4s
J|*Dul Sou Shore & Atl
|
$ per share
Hudson A Manhattan....100
'
4*4
'
*155
19%
1%
11%
*678
75s
23
*74
578
23
1-1 %
*678
22%
V
1%
11%
4%
78%
110%
*110%
103%
Par
700
33g
.ft 4%
1
1%
37
f
107
.4\i
87
Plains Val 1st gu 4 Ha.. .1947
i; Gen & ref 38ser H
10%
10%
11H
19 A
3%
.
t*Des M A Ft Dodge 4s ctfs.,.1935
j*Des
-
3,3 %
is%
19 M
*5%
G'A
{♦Denv & R G W
Detroit Edison 4s ser F
104
-----
18 X
.
Lowest
18%
4
•5%
*131,1
11' t
103% 106%
101% 101%
61%
51%
106% 107%
104
105%
106
101X
53 K
57 'A
Range for Previous
100-Share Lots
93%
3
105%
Shares
♦So
•.>.
*3534
1943
On Basis of
29%
■
Del A Hudson 1st & ref 4s
$ per share
May 7
4
'ft/; 1
May 8
8TOCK
EXCHANGE
the
Week
31
30%
23%
01%
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry S^sserB...1965
jr
<,27«
*%
27g
*177g
378
4
;
$
%
.
Friday
Thursday
1
1
S per share
71«
*% '*
i
-----
*30
...
31
30
*33%
1946
to
Monday
$ per share
35%
23%
39%
29
extended
26'
*33%
1946
Ranne Since Jan. 1
NEW YORK
for
Saturday
1
High
Low
31
...
series
ft
"'<35%
31%
32%
♦Cuba RR 1st 5s R-.........w1952
ft
*Dcposit receipts..
♦6s
Jan.
05 to
High
35%
31
-
35
Sales
Since
g2
May 2
29
to
L0W AND HIGH SALE PRICES
Ranne
ft§
•
1942
♦7^8 series A extended
ft ft ft; ♦Depcslt receipts
,
Rid
Price
Railroad & Indus. Cos. (Con.)
♦Cuba Nor Ry 1st 5^8...
s
Friday's
&
Asked
Sale
;:j: N. Y. STOCK EXCHANGE
/ft/ft' Week Ended May 8
ft/ft
*75
•
63A
67
43
70
63%
56;: 64%;
•
51%
52%
40%
37%
75
1986
75
70
78
25.V;
1956
25
20%
27%
*108%
103%
*101%
101%
Inland Steel 1st mtge 3s ser F..1961
Inspiration Cons Copper 4s
1952
Interlake lrou oonv deb 4s..... 1947
110
104%
102
101%
108% 108%
103
105%
99% 102% V
99% 101%
--
.ft.
.ft
*10%
J
w
_
:
*10%
11%
*20
21%
*21
3
3
ftft.Sft
5
5
5
*12%
13%
*12%
13%
*34
f'278
ft 7%
*9%
18%
4
*22%
21
21 ft
21
1
18
3
*2«4
*4-3.4
7,
16
614=
*12%
13%
*12%
7s
*124
30%
18%
21
11%
3
•ft'%
*1S16
*16%
*124
11%
*160
For footnotes see page 1818..-ft
18%
16 ft
1534
30
21
.
>
*1784
297s
17%
3
47%
..1950
18
20
*3
82%:
47%
¥0%
3%
21
i
;
153.4
*120
c-
11%
'<
*10S4
49%,
54., i
79
"
30
80
30%
*17%
*10%
18
46%
52 X
16
15%
*124
,
-30
:
85
16
*15%
*124
,
46%
{•ind A Louisville lstgu4»
100
I
1963
Ind Union Ry 3^8series B_
Louisville A Nashville
58%
....1963
Ind 111 A Iowa 1st g 4s.
60
584
78
7%
934
8%
984I
73.4
9%
*9I4
18%(ftl8%
18%
18%
37*
23%
23%
*23
*20 %
21%
21
21
21
21
2034
21%
*150
169
4
231
,24;
21
169
334
334
23%
*20%
21%
*2034- 21-
>22%
*150
For footnotes
169
see
page 1817.
3
8%
9%
18%
37s
*278
3
8
8%
9%
9%
1778
37g
*150
*10%
*20%
18%
37g
2334
18
169
18
18%
600
MacAndrews A Forbes
10
100
6% preferred
V0 par
Mack Trucks Inc
Macy (R H) Co Inc...Wo par
Madison Sq Garden—No par
11%
12
900
21%
21%
600
234
23.4
700
Magma Copper ....... ftft ..10
Manati Sugar Co.—
---1
584
*478
534
300
Mandel
13%
*>%«•
1
100
Manhattan Shirt—
13
1
278 v 27s
83s ft; 9%
9%
9%
1778
18%
334
4
*160
1:266
11%
V, •«!« ft
21 ft
300
30%
21%
3
*47g
*23%
*20%
17%
*16
.
13% <13
3
.'278
17
ft-ft *124
318g
30%
18
ft 3
27g
3
*30%
*12%
*278
8%
9
No par
Bros
25
20
May 4
2% Api 28
5
May 2
1234 Apr 21
100
Maracaibo Oil Exploration... 1
s4 Mar 27
2,300
Marine Midland Corp......5
9%
9%
7,560
Market St
1,200
Marshall Field A Co.—Wo par
18%
3,700
2,100
Martin (Glenn L) Co
4%
23%
400
2% Apr 2
434 Jan 2
8% Apr 17
17%May 6
3s4 Apr 17
2234May 1
Ry6%
pr
pref. .100
18%
4%
23%
*20%
22
200
Master Eleo Co
21%
*21
21%
900
Mathieson Alkali Wks.Wo par
*160
Apr 27
28% Apr 1/
17% Ap' 30
10% Api 29
3
24
22
169
15% Apr
124
169
1
Martin-Parry Corp... -Wo par
Masonlte Corp
No par
1
20
Mar
2034May
162
6
6
Apr 20
31%
138
Jan
Jan
303g Jan
2
23%
Apr
3534 Dec
21% Jan
5
17% Deo
13% Jan 22
2734 Jan 28
4% Jan 30
293g Sept
14% Aug
19% Dec
6% Jan 15
16% Jan 26
13g Jan 31
3% Jan
9% May
12% Jan
26% Jan
6% Jan
2f% Feb 16
24% Jan 6
29% Jan 6
176
Jan 13
11
Feb
31
July
1%
Feb
4-%
5%
Dec
734 Aug
12%
Apr
16% Sept
/.ft, s4
Jan
1% May
2%
Dec
3%
Dec
11
Dec
3,20% Dec
334 Dec
19
21%
May
Dec
24% May
171
June
5%
Dec
Jan
11% Jan
17% Sept
32% Sept
12% Jau
28%
28
Jan
Sept
31% Sept
176
Aug
Monday, May 11, 1942
COMMERCIAL & FINANCIAL CHRONICLE
THE
YORK BOND RECORD
NEW
STOCK RECORD
NEW YORK
lltofc's
Friday
BONDS
Last
'Rale.
"Friday's
Week Elided May 8
Price
'»
Ranoe or
N.Y. 8TOGK EXCHANGE
}
Ranoe for Previous
Year (1941)
f;
-
On Basis of I00-»Share Lots,
NEW YORK STOCK
EXCHANGE
/or
1
ffanve Since Jan.
■;»
STOCKS
Sato
■
,
Rid
A
Lowest
Week
'
•
Shares
May
2)0
par
86
May
9
Mar
par
.
McKesson
100
15%
90
v.
6
6
1238
13%
934 Jan
91 *
Apr
103
17
104% 105%
Dei-
-1514
U0<
8%
8
'
if Apr
101
7
7% May
>
5
Deo
<70% Mai,
6934 Jan 22
68
Mar 12
■
$6 preferred series A.No par
$5.50 pref ser B w w.No par
77
Mar24
72
Feb
3
7
32
Jan
2
1st lien & ref 6
5 78 Mar 23
3'a Feb
<21% Feb
4% Jan 2
;23
Mar 11
.
267g Mat 24
21
"29%'jah 15
30% Jan 16
>' 7% Jan 14
16
Jan 5
5
•
_w....i—.5
Miami 'Copper
Apr 15
24% Apr 28
Mesta Machine Cou.i...i..6
-Apr 17
Mid-Continent Petroleum..10
Midland Steel Prod....No nai
.
12%Mar 12
l6%May 6
; 81% Apr 30
35% Jan 2
8% dum 1st oref j
-.100
Minn-Honeywfell Regu.iVa Par
<
4% eonV pref series B...100
Minn M >line Power lfnol...'l
2
60'
Jan
13 /Mar
-37
•••
23%:Jan 14
Feb 5
Der
'
86,'
.
Dec
1% Deo
52
Deo
.
4s*. 1959
Jones A Laugblin Steel 3%'s...l961
71'* Aug
Dot
6%.I)ec)
2914 S®9t i
33%
30%
■^37;
Kanawha A Mich 1st gu g 4S..1990
Apr:
t§*K G Ft S A M Ry ref g 48.1936
'J'1"!
v
4U
■
♦Certificates of deposit.....
;
',9% ,jl}n
:1718 Jn'V '
-3812- J«n;
125
Ja";
31
Nov .45%
■10512. Dec 4l2i-
3% Jab 13
67 Mar 4
<
Apr 17
Dm
.;..jl947
..
James FrankI A Clear lftt
J'bi
-82
Feb
'>4% Dec
101'
2
*
24 ;
42%;Mar 26
•103% Jan-191 107
Apr 27
No par
$6.50 preferred-
*14
»
Sept<
•":': G.:'•
Merch & Mln Trans Co .No Par
^s..
t'lowa Cent Ry 1st A ret 4s.. 1951
Sept
J*ov!
K)9% J an 1
w«V*u2';
Dec
54
„.1955
Int Telep A Telog deb g 4Hs.cl052
Debentures 5s. .L...;./.i.tl955
57«4 SrP'
27'4 May
21%May
ShoeCorp...c...Ul
MengelCo (The).......-..-'1
5% conv 1st pref ....I.-.50;
Melvdlle
•
Kansas City Sou 1st gold
Rs..l950
1950
4s......I960
Ref A Impt 5s_.i....*-Apr
Kansas City Term 1st
Jan;
Kentucky Central gold 4s.:.-.1987
Kentucky A Ind Terra 4^8...1961
Oct;
Jan;
■■•>•• Stam ped.»*.i. 1961
Plain
..w.c....,..-1961
•>-■""•" i
4^s unguaranteed^.^..;...1961
' l5i2 Oct' Kings County El L A P 6s.....1097
:>;■ 1- -July
Kings Co Lighting 1st 58—....1964
> 338. Aug;
1st A ref 6«s..Lw^.^......l954
J 7978 JiHy
;
,
Mission
?-
Corp.i...■i.'.Wi.idlO'
I-"* Jan
12
2
2
|12% Feb 27:
•
6634 Apr 24
Mills.....20
Monsanto Chemical Co.-i.10
Jan
,84 Ja
"i
lis
•)
•
26
2% Apr
*
•
7% preferred series A..4 IOO
Mohawk Carpet
8% Apr 28
%« Jan
Mo-Kan-Te\as R R... .No par
-7
9%
V"'.I i
Feb
.,ry ;D'3l:
F ' Deo
t12'4 Ddo
•<, 77Feb
v
V
137s Jan 19
<< Jail
7
91
110
•
<4734 Aug:
94;
Koppers Gd, lst mtge 3>S«1961
Kresge Foundation 3% notes..1950
sSept-
May 8,, 117% Fell 10 ,112
$4.50 preferred......Wo par
Mar
1181* Sepli
M iy 7, P19
M ar l 6
Preferred series B.
No par 3-112
115, ,Mar 123
Aug;
$4 preferred series C.jVo par 102% Apr 28 i Tlo%r JatrW "toUVJune -.11315 Dct«
ct
$4 pref series C (st)d) No par 101% Apr 25 I 103% Mar 18
1
l*Kreuger A Toll 5s ctf8...V_. 1969
—
!23% Apr24i
Montg Ward & Co tno.No par
Mofrell (J) Jb <Co.
Morris A Essex....
37
ATtr Par
46%\tay
;.50
Motor Products Corp..JVo par
Motor
!Wheel.Oorp...i.__a..6
22
Muedler Brass Co-.....-i..l
«
$7 preferred .... J. ..No par
Munsl;igwear
Inc..L.-No
1
>50
'
Dec
35i2' Deo
29%Mat25
8 's Apr
63
Jan
2
<11% Jan
7
6
Dec
30%
Aug-
18% Maj
*1% De,
17*8
Jan';
0
111% Mar 17
Feb "4
46
F
24% DeC
V 4% July i
p ■ 74.1: July
-O^gMay
,1534
5% preferred
—
May
106% Apr 30
f
434 Jan 2
100
Murray Corp oT America:. 10
31
Myars (F£) A Bro...'.No, par
Mar 27
69)4 Jan
-
v. 74%
Sept;
5%: Jaii 20
30 a Feb. 7
112
4f, •' Deo- 4;.: 8%
34 > Deo
...51 %
1942 A O
......
Lake Erie & Western RR—
Nov1
61%: Api
109 / '-Nov
:
.
Murphy Co (G C).J...No par
S*RefAext mtge5s
♦Certificates of deposit.."
A ret 5H8 8ene»C.i^.-1953 F A5
Coll A ref 5^8series D.....I960 F At
>" Coll tr 6« series A.......... 1942 F A
:
Coll tr 6s series B1942 F A
Jan' ? Coll
•
'■>
"
par
i»l*clcde .Gas Lt ref A ext 5s. 1939 .4 O
V
Bty Dee
^9% Deo
13% Mar ,2'
•49
Jan;
Jan;
39%
-
.1214 -Jan 30
25%.Jan20
3% Jan 20
-
'-43%
"21'g
•
2
3
Apr 28
2% Jan
>'2414
42% Mar 12
6% Jan 2
»% Apr 23
:
Mullins Mfg Co class
2878 Jan'27
Jan 15
•
•
-
1947 J
J
Lake Sh A Mich Sou g 3^s...l997 J
D
5sextended at 3% to...
:
Feb
....1997 J D
834s registered
,
Jan
Jan
Lautaro Nitrate Co
♦1st rntge Income
Ltd-^* 7; •'.
reg..\;...1975 Dec'
A..1954 J J "
C..1954 J J '
Lehigh Coal A Navs f 4J^8
Cons sink fund 4^s ser
j 1% Jan 6
Na.bco Liquidating Co . No par
Nash-Ktlvlnator Corp...;-.5
409
5 3C0
3:% Jan 2
■■
17
Co.i. — ....1
Nat Automotive Fibres Inc..1
K)9
6% conv preferred
5D;
National Aviation Corp.....5
National Biscuit Co..u——lo
'339
7% preferred-J- ;...«,..10a
709
2
24i^Peb
5,
6
15
17
'
10
•8 039
Jan
15% Apr 28 18 % Jan
3 Apr24
37g Feb
'• 5% Jan 5 - 6% Apr
i 6% Apr29
8% Jan
13 May 5
16 > Jan
140 .May 1 -166% Jan
Nashv Chatt A St Louis..* 100
701,1 National Acme
<
*1% Dec
•
Da
f'Z '
r-y
"19% Dec
if 5% July
14% *Jan ^"23%-Sept
13i< l)dc 123% Jan
2 >8 ,Dec
7% Jan
■
Dec
5%
■
613
6 60)
■000
5,103
Lehlgh-A N Y 1st gu« 4s
Lehigh Valley Coal Co—
'?■
.
6sstamiied-..1944
ist
.
1
590
2,903
A ref
s
1 793
■50
.
9
f
5%»w.V...i...^lfl64
F A
5sstam|)Cdl
1964
Lehigh Valley RR—
•
,
,
2093 ,HN
registered.^.20Q3 i.*;;
4sstamped modified...
-4s
4^S8tamped modified.....2003 M N
2003 ....
,..2003 4/N
4 %s registered
5s stamped modified
,
l>eh Val Term fly ext 5s......1951
A
L
1965 A 0
8s gu
l/ex A East 1st 50syr
Libby McNeil A Libby 4s......1955 ./
National Lead Co.......t-10
7% preferred A...—..;100
6% preferred B.......-100
Nat Mall A St'l Cast Co No par
National Oil Products Co -. _ .4
National Power A Lt. JV<? par
National Steel Corp. ...25
National Supply {The) Pa--lo
$2 conv preferred
40
5J4% prior preferred
100
3% prior preferred.."..;. 100
5 093
209
53
393
103
4403
3] 109
3'300
703
103
117s Apr25
16% Jan 12
145 May 6 168 Jan 29
129 Marl7 146 ' Jan 7
14% Apr 27' 17% Mar 17
29% Apr 28 35 f Jan 20
1% Apri6
3% Jan 5
1 45 Apr28 53% Feb 5
> 4%May 6<
6% Jan 28
11 May 6
16% Feb 25
49 Apr 30 63 Feb '6
54 May 1
70, Feb, 6
I2t4 Dec
160% Dec
.1914 Sept'
138
.
176
si'
Nov
154
Jan
14%
Dec
24
Feb ; 36
July
Dec
„
2%
42
4
Dec
Dec
Dec
-
Liggett A Myers Tobacco 7s..
' Jan
26
7% Mar
68% Jan
58 debenture
.
Little Miami gen 4s ser
National Tea Co..:.UlVo par
2% Mar30
3% Jan 5
N atom as Co
.... A'o par
' 6% Apr2<
9% Feb 6
Nehl C3rp.-^...._-u...Af» par ; 5% Mar 7
7 < Jao 2
Neisner Bros Inc..1
11
Jan 5 ■;14% Feb 27
4^4% conv serial pref... 100
71
Jan 20
75 Mar 2
Newberry CD (J J)....ATo par -28
Apr27, 35 ' Jan 14
5% pref series A....
100 104 Mar 10 109 Jan 30
Newmont Mining Corp.^..10 ; 22% Apr >7
30% Feb 16
Newport Industries.....—.. 1 :t 7% Apr 28
11% Jao 12
293
W 6 ^
700
6
♦12%
1334
*12%
1334
v-Ci.
*71
72
*71
72
_i-.-
*28
32
106
106
24%
*7%
1934
32
*106% 108
24%
2434
25
8
|
*7%
1934'
*25%
103
60
1,403
600
8 !
*19%
104%
*103
* 28 %
Guar ref
77g July
4s
8% Feb
16% Nov
•/: 41/ Feb >68 .Sept
43
• Feb
.75% Sept
26
26
-600
*102% 101% *102% 103%
*25
25%
2534 *25
26
103
$5 conv preferred....No par
103
New York Air Brake-.ilVo par
0,303
New York Central....No par
N Y Ohtc A St l*ouls Co.^.100
*■■
7%
7%
7%
14
43"i
13
13
•
42%
r
v
7%
1278
12'8
*12%
5%
' *4%
5%
*11%
13%
82
*11%
82
88
88
*83
82
42%
1278
14 '
*4.
19%
7%
13%
42%
13
7%
13%
43%
127S
*4%
N'portFfews^hip ADr Dock 1
19%
*1278
43
19
19
,,
6
7%
7%
*12%
'
-
131-t
200
42%
42%
1,900
13
13%
:
6% preferred series A... 100
N YC Omnibus Corp..No par
New York Dock......No par
5% -preferred.-.v-iaiVo par
N Y & Harlem RR Co..... 50
10% nomcum pref...-J--50
503
.....
*13%
14
j
*80
83
150
90 i
*83
90
30
82
18% Apr 23 25% Jan 2
103^-iVlav 8 109% Jan 9
25%Mav 1:
32% Feb 5
7 Apr 15
10*, Jan 27
: 12% Apr 23
1-7%
eb -6
39 Apr 23
51
Feb 6
1 10% Jan 2 I57g Jan 12
i 4% Mar 27 « 6
Jau 23
M2% Apr 15
15% Feb 6
i 80 May, 8 110 Feb''6
88' May 4 109 j' Feb 18
A.....1962 M A
gold 4s
..—
7s.—
....
S
Louisville A NasliyiUe RR—
1st A ref 5s series B
I...2003
A O
1st A ref 4%e series C..L...2003 A O
2003 A 0
1st A ref 48 series D
1st & ref 3%s series K..-...2003 A -O
Unlf mtge 3Hsser A ext.—1950 J
J
Unit mtge 4sser B ext..v.—1960 J
A
St Louis Dlv 2d gold 3s.....1980 M
;
J
Paducah A Mem Dlv 4s....1946 F
s
Mob A Montg 1st
g-4Ks—.*-1945 M S
South Ry Joint inonon 4s. ...1952 J
J
Atl Knox A Cine Dlv 4s....1955 M N
,
Central
D
J O
MN<
Manila Elec RR & Lt s f 5s... 1953 M 8
Manila RR (South Lines) 4s... 1959 M N
t5»Mau G B A N W 1st 3^8.-1941 J . J
Marlon Steam Shovel S16a....l947 A 0,
Stamped-.—......
........ A O
^♦Market St Ry 7s ser A. .Apr 1940 Q A
(Stamped mod) ext 6s......'1945 Q A
Maine
•
Gen mtge 4
1945 J
RR 4s ser A
%» series A..... 1960
Feb 1 1957
Manatl Sugar 4s s f
May 4
54 V Jan
Jan 3 1 ; 84 Jan
% Jan 2
2% Jan
% Jan 14 w % Mar
N YShlpbldg Corpipartstk-.l L22%May 8j
30% Jau
Noblitrt-Sparks Indus lnc.«.-5
15% Apr29
23% Jan
Co..100
JNYNBA Hartford..;. 100
4,803
100
Norfolk A Western Ry..;.100 143 Mar 26
Adjust 4% preferred..—100 108
Mar 10
North American Co.wiV';'.40 j 6% Mar31-
1,000
.....
2,100
preferredserle8.._i^..-50 I 39
39
590
10%
93
10%
'*88
•6%
200
10%
-5% preferred series-..^.-50
1Q78
2,30vi
93
:...J
North American Aviation...1
Northern Central Ry Co—50
Northern Pacific Ry...... 100
Nor States Pow $5 pref. No par
Northwest Air Dines ...No par
Northwestern Telegraph...50
NoTwalk Tire A Rubber No par
Preferred...',
l..;._..50
Norwich Pharmacal Co.^2.50
5% r. 5%
57g
*101% 102
*101% 102
9
6
8% - 8%
5%
33% 33%
*1%" 1%
♦22%
*8%
*33%
*1%
8%
■
7,000
300
900
40
36 •
1%
*22%
24%
<24%
8 %
i
preferred—'.-t...-100
fN Y Ontario & Western..100
Conv
ICO
*88
33
N Y Lack A West Ry
153
tj 300
800
:
303
8%
•678
22»2
4%
69
*3
Apr2sj
3,030
3%
100
13%
4,100
20
6%,preferred...;.
Jat)44
192
115 ;- Jan 16
lo% Jan 6
52% Jan 26
63 San 2?
^
Jan:6
7 ::, Jan27
108% Jan 19
11% Jan 28
38 Mar -2
2% Apr 6
,'25% Apr 14
,
to% Jah 6
McCrory Stores deb
G
McKesson A Bobbins 3j^s
J
S
Q
3^.L._"i.l055 A
1956 JM
A
t i ♦Met W S We El; (.Ohio) 4s
193,8
Metrop Ed 1st 4%s series D...1968
Metrop Wat Sow A D 5 J^s
1950
96s" Jan 81
8
,-31%
y
1
20
.
8%
April
Apr27
3an 20
Feb 18
Apr28
01iver:Farm Equip..-.Na par
OmnibusCafp (The).6
8% preferred A..——.100
Oppenhelm Colllas
No par
Otis Elevator...
No par
280
27
11
2
>7
14)
Ohio Gil!Co.-..--.t..*../VOar
2,3)0
3,500
4%
71
27
4% Jan 8
-100 Apr 2
t 85% Apr
6% Apr29
} 17
Jan 2
2% Jan 2
69 Jan 2
2\ Apr 28
11%Mar 12
.-100 132 Mar20
>6%
22%
135% 135%
13%
j 10%
Apr25
Apr 29
26
8% Jan 26
,22% \L»y
7
6% Jan 12
79
Jah 9
3% Jan 28
13%May
7
Jan
2
6% Jan
0
142
Michigan Central—
•
..;..1952 MN
jEtef A impt 4 ^series C—.1979 J J
1st gold 3j^s
Michigan Cohsol
...
Gas 4s
..1963 M S
1i*Mid of N J 1st ext 5S.1....1940 A O
f§*Mil A No 1st ext 4^8..... 1939 J D
♦§Con ext 4%e
—_._.i939 J D
^*Mil Spar A N W 1st gu 481.1947 M 8
f54Milw & State Line 1st 3^8.1941 J J
f*Mlnu A St Eouis 5s ctfs.-.— 1934 M N:
♦1st A ref gold 4s..........1949 M S
♦Ref Aext 50-yr 5s ser A.... 1962 Q F
if{*M StP ASS M con g 4s Int gu '38 J
{♦1st eons 6s...,
.1938 J
5%
54%
19%
1,800
8C0
203
46
1,100
45%
3.303
G17
44%
For footnotes see page 1817,
4% Jan 2
51. Jan 2
Outboard Marine A Mfg..:.6 x 16% Apr 28
Outlet Co
....No par > 44 May 4
Preferred
100
.J
Owens-Hllnols Glass Co.12.50
43% Apr25
Otis Steel Co.-.
..No par
$5.50 conv 1st pref..No par
Feb
9
22% Feb
48
1946 J
J
♦25-year 5%)s...'1949 M S
♦1st A ref 5%s scries B
1978 J J
6
61
J
J
(♦1st Cons 5s gu as to int....1938 J J
♦1st A ref 6s series A
5%
*52%
*16%
*42%
£lJ
195UM S
.Jack Lans A Sag
Mar 28
For footnotes see page 1818,
95H
95
95 %
95%)
112%
120
120H
82% r 83^e
95 H
112%)
s
J
3^s....l966,M-
Lou A Jeff Bridge Co gu 4s....1945 M B
,
95 .'I#
.
....1951JF- A
Louisiana & Ark 1st 5s ser A-■■-I960 J
i
•103%
1949 M S
1949 MB'
1944 A 0
stamped
Lorlllard (P) CO deb
6»debenture
.
1934
103% 103%
J
1944 A (J
.1951 F A
.
♦Long Dock CO 334s ext to. ... 1950 A O
Long Island unified 4s
....1949 M 8
Louisville Gas A Elec
1,303
I
5sstam|)ed-;wUi£.%..;.;.1974
Leh Val Harbor Term gu 5s...1954 F A
Lehigh Valley N Y 4^s ext... 1950 J
J '
'
'lOO
....
1st A ref» f 6s.;..v...i,...l974 F A
>
'
603
1964
fcetamiied
9 >> Jan
'■
'
:
'
1st A ref 8 4 5a..*......i..;1984 F- A
.
>■
6% Ddc
11. Sept
6
13% Der 118% Jan
19
14. 160'% May 175% Jan
NatJBond A Share Corp Afo Par
12% Apr 23 15 Feb « 712V Dec 1D2 San
3 k Dec
984 Apr
National Can Corp...»..-t.lO
3h Jan 2
5% Jan 26
Nat Cash Registeri.__2Vo par il l
Jan 2 15 » Apr 30 arlO ". Doc "14% July
778. Dec
■ 11
Jan
National Cylinder Gas Co.Ll f 7% A ay 6
9% Jan 17
12% June
16% "Sept
Nat. Dairy Products.^.2Vo par i 12% Apr 30
1478 Jan 7
: 8
8ept
8%. Dec
Natlo lai Dept Stores..Nqpar .( 4% Jhn 9 :
5% Jan 14
7% Feb 1 10%^ Sept
'6% preferred. . ....40
8%Mac/' 1
> 9% Jan 24
17 1 Apr
25%.Sept
Nat Distillers Prodi...No par
17% Apr 24 22% Jan 27
11
Dec
20's Sept
Nat Enam A Stamping.JVo Par
14% Mar 17
16% Apr 1
3% Dec -v 8% Jan
Natio ial Gypsum Co...;i..1
3% Ap.1 28
4% Jan 3
.58% De<?
937| Jap
$4.50 oenv preferred.No par
60 Jen *2 '72 Mar 5
100
O '
1946 M 8 *
Lehigh A New Eng RR 4s A..1965 A
2'4 A pr 29
5%'Apr 2.
214
18%.
18%
20.4£
Hit Rys CCnt Amer 1st 5s B..W.1972
•
Dee
11«
21%
Ref s f 6s series A
'"918 J'"ys
5%* Dec
40
2VA
M
Deo
9%
11
C^iv^L-lOSfl
5s series
51
High
SO
Dec
•
l\i
Internat Hydro El deb 6s....1944
Dot
103
:\. 7% Jan 14
108
Jan &
11H
73|
Tnternat Paper 5ssor A AB-... 1947
6
1234 Mar 23
108% Jan 30
,
6
6 f. Jan
6% conv preferred.....: 100
No par
/
2
102% Apr 28
5% May 4
100
..1
g
210|,
Apt,
J""
Mfty;
Aug,
26'2
3234 Jan 10
♦1st
10978Nov
251? Jan,
Feb 28
'8
;107
14%
16
Feb
17% jan IS
1
3
-v28-':
Dec
•1033s
^
Jan
nee
Dec
-
8?' Dec
.
t*I uter-Great Nor 1st 6s set A J1952
♦Adjustment 6s ser A>.;July) 952
\ •♦1st 5s series
B.'i.„:.i-i.L'ta.I956
Jan
' 2V8
Dec
No. low
4 Railroad & Indus. Cos. (Con.)
'y
:
& Robblns Inc..18
"•■'t.'
Apr 17
ff% Jan
6
Mar
i()i8 Jan
14
Jail
Highest
|
share\t rer-ishare
Deep 66% Scpl
I
90% Jan 28
28% Mar 20
Mead Corp.......
1
Is
40%
61
Mar 31 ,10814
14
.
Mines..5
5 M % preferred _...
McLollan Stores Cq..,
•■•■.
per
'
7
101« Apr 29
1
McGraw-Hill Pub Co.%No Rdr
i
.
Jan30,
16,
par
par
McGraW Elec Co
;
i
3 pet-share >•
Apr 29 ',.• 40%rJan 7
1'4 Jan 5;Kl'm;Feb 2
31
6% conv oreferred—...i.100
Mcintyre Porcupine
Lowest
■Highest
S per share
Par
:;■•:
DepartmentStore8..-.10
May tag Co. w 4.. i . .... Ho
$3 preferred.No
56 1st cum pref
No
McCall Corp—
..No
McCrory Stores Corp
6
Since'
<
the
*57g
Ranoe
••
''Jan, 1
Asked
109
♦105%
109
106%
105
Volume 155
Number 4071
NEW YORK
THE COMMERCIAL &
BOND RECORD
Friday
■.'.'BONOS
N. Y. STOCK
;•
v
£•§
EXCHANGE "J
Week Ended May 8
)'
~
£
'j n&
■
Range or
NEW YORK STOCK
Friday's
Rale
Bid
Price
<ft
Range
Since
<
WW.:AND
t
RECORD
HIGH SALE PRICES
STHPKQ
Range Since Jan. 1
.1
Jan. 1: I
Asked
Saturday
Railroad & Indus. Cos. {.Con!)
{♦Mo-Ill RR 1st 6s aeries A->-11)50
NEW
Mnnday
•
Tuesday
Wednesday
May 5
May d-
'May 4
-j.
$ per share
5 per share
-$ per share
.1900
MIssourl-KansasrTexas RR—
1815
Week's
Last
May 2
Mo Kan <fc Tex 1st gold 4s
FINANCIAL CHRONICLE
•
Thursday
May I
$ per share
'
Friday
YORK STOCK
EXCHANGE
On Basis of
May 8
Lowest
Highest
|
Shares
Range for Previous
Year (1941)
10d-Share Lots
Lowest
$ per share
$ per
J......1962
Prior lien 4%s series D
>.1978
7%
1'4
A.".-Jan 1967
Apr
12% Sept
734 Nov
25% Nov
Apr
May
10
■
;
.
.'I
■
;
;
Missouri Pacific RR Co—j
:-
..
i
x
4%
6%
17%
26%
•
♦1st & ref 5s series A.:.—.-1965
♦Certificates of deposit
♦General 4s
-..—.1975
-
♦1st & ref 5s series F.-
+.
♦1st A ref 5s series G
Dec
Jan
126
Jan
147%
Apr
163
Aug
1%
Dec
4%
434 Dec
1% Dec
3%
1934 Aug
1978
——
♦Certificates of deposit
♦1st A ref 5s series I..——-1981
deposit
10
Apr
7%
Feb
Dec
99
1901
Constr M 5s series A
Jan
106
Feb
1.6% Dec
115% Deo
1434
Apr
Oct
18
1
2
Jan
Dec
30%
Jan
Dec
20%
l4
638
-2000
Dec
2411
H'lg
1965
—
May
Jan
Feb
I960
Montana Power 1st A ref 3%s.1966
Montreal Tramways 5s ext.---1951
Morris A EHsex 1st gu 3%s
1% July
10
Monogahela W Penn Pub Ser—
1st mtge4%s_:
Jan
10
37%
95%
Monoguhela Ry 3%s ser Be...1966
6 debentures,i.
19% Dec
Jan
%
4% July '38
Moh'k A Malone 1st gu g 4a
Jan
934 Aug
Jan
-
t—..
19%
at
40
Feb
Dec
♦1st & ref g 5sseries H...-.1980
§*Mo Pac 3d 7s<ext
15% Nov
11% Jan
287g Jan
Dec
11
—
♦Certificates of deposit
♦Conv gold 5^8.-1—.:.-.l949'
of
Apr
Dec
9.5
1977
♦Certificates of deposit
♦Certificates
share
per
1962
40-year 4s series B
ser
Highest !
,
Prior lien 5s series A
♦Cum adjust 5s
j
share $
Dec
Jan
Jan
.1
Apr
Dec
141-
43% Mar
73
1955
54% Sept
Dec
89% Sept
lss
Dec
334 Aug
1
Dec
34%
11%
10834
Apr
Dec
Dec
17"%
Dec
20
Dec
25
Aug
54
Sept
Constr M 4Mb series B
1955
Mountain States TAT 3%s_.1968
Mutual Fuel Gas 1st gu 5s.— .1947
Nasb Chatt A St L 4s
■
A —1978 F
ser
Jan
3%
5234 July
17% Aug
112% Mar
25% Apr
A
Nat Dairy Prod 3%s debs.—-I960 J
3 6*4
Jan
D
Nat DiHtillers Prod 3%s—
National Steel 1st mtge 3s
%
Dec
2% Aug
Dec
30'4 July
O
1949 M S
1965.4
187S
'
4%
Dec
11% May
41
Dec
60»« July
g 4s. .-.—1954 M N
Newark Consol Gas cons 5s
1948 J D
17
Dec
38
{♦New England RR
21
Jan
27-34 Oct
7% Apr
(♦Naugatuck RR 1st
5s_..1945 J
1945 j
"j
New England Tel A Tel Cs A.,1952 j
D
guar
♦Consol guar4s
1st gs 4%B series B...v
J
1;)ec
Dec
5%
434
7% Jau
23'%
35% Jan
Dec
47% July
69
A
Dec
35%
.,1961 M N
N J Junction RRguar 1st 48...1986 F
N J Pow A Light 1st 4%s._ —.1960 A
Deo
O
91
8% May
Dec
New Orl Pub Ser 1st 5s
j!
j
♦Certificates of deposit
A
35"% Feb
1% Dec
13
Dec
23%
Jan
i0934
Oct
Dec
10934
7-34
Oct
27
Dec
46%
Jan
-4%
Dec
834
Jan
04
Dec
84
Dec
15
2%
1956 F A
—
.....
♦ 1st 4 %s series D
...1956 F A
♦Certificates of deposit
j
♦1st 5 His series A
' '
.
,1954 A
-
46% Dec
3% July
52
July
Feb
-
♦Certificates of deposit.
Aug
July
z8S78
.—-1954 A O
—
♦Certificates of deposit
•1st 5s series C
9
77
434 May
51% May
O
1st 5s series B
110% Dec
1
D
{§*N O Tex A Mexn-clnc 58.-1935
.
Mar
105
0
1955 j
New Orleans Term lstgu'4a...l953 j
♦
89% Sept
J
A—1952 A
ser
let A ref 5s series B
July
12% Jan
72
New Orleans Great Nor 5s A..1983 j
N O A N E 1st ref A Imp 4 %s A 1952 J
May
♦Certificates of deposit..
O
6%
-,i,
Jan
Jan
Jan
163
Newport A Cincinnati Bdge Co—
Gen gtd
4^8-1-
Aug
166
Oct
174
Mar
181
Feb
334
Dec
j
4
Dec
A
45%
Feb
s
..1945J
N Y Central RR 4s series A—1998 F
7%
9%
60
Jan
Jan
Jan
10-year 3% 8 sec sf
O
24%
Dec
43%
Jan
Ref A
o
51
Oct
75%
O
6
Dec
15
Jap
July
.1952 MN
164
Mar
164
Mar
1946 a
itnpt4Hs8eriesA-—.2013 a
2013 a
Ref A impt 5s series C..*
Convsecured 3it's....
NY Cent A Hud River 3 Ha-.1997 j
3 %s registered
—
-
-....
Lake Shore coll gold 3 %8
•.
■
■
.
1997 j
»,«May
j
13%
..1998 F A
■
v
1st mtge
..'6s
Oct
Dec
13%
Jan
Dec
13%
Jan
21%
Dec
O
50
Dec
i——1978 M S
115
June
3%s extended to...1947
a
NY Deck 1st gold 4s...
11%
Dec
July
29%
110
Jan
123%
Jan
137
Jan»
Feb-
117
Dec
158%
114
Dec
117%
1965 A O
1966 A O
1st lieu A ref 3 %s ser
N Y A Erie—See Erie RR
Oct
19-34
Dec
29% July
7
Feb
12
x94
;
-
r
Jan
Dec
Dec
106% Dec
1947 A O
D..."
Jan
61% Sept
92
A
5% notes.....
40%
120
7534
O
1951 F
i
Jan
o
•N Y Connecting RR 3%s A—1965 A
Conv
13%
678
——.1974 A
8%
Feb
5%
debentures..1950 J "D
N Y Edison 3 %s ser
Jan
Dec
434
New York Chicago A St "Louts—
Ret 4 %s series C
121
3®4
3Ha registered.-......--1998 F A
Ref 5%s series A..
Dec
June
,16
3 %s registered —
1998 F A
Mich Cent ©oil gold 3%s—1998 F A
r
1'4 July
17 .July
Mar
N Y Gas EILt H A Pow g5s—1948 J 1)
Purchase money gold4s...1.1949 V a
8334
Feb
S%
Dec
Dec
107% Dec
95% Aug
12%
Oct
{'{♦N Y A Greenwood Lake 53.1946 M N
2000 M N
N Y Lack A West 4sser A-..U1.1973 M N
•
4Hs seriesH'- J.i.i^i'..^U973 MN
N Y LEA W
Dk&Impt5S.^>.1943 J
1
i
N Y A Harlem gold 3 %s
Quaker State Oil Ret Corp.wlO
8% Mar 11:
984May 7
8%
212 Mar 6
40% Apr 28
Apr 25
3'8 Jan 6
5414 Feb 5
88
Apr25
3'4 Jan 2
46% Jan 9
2%
47%
Dec
4%
Dec
62%
Jan
85
Dec
88
Deo
2
Dec
Apr
1234 July
Jj
tN Y New Haven A Hartford RR—
♦Non oouv deb 4s—...... 1947 M e
•»Non-oonvdeb3%s_.
1947 M 8
♦Non-conv deb 3 %s.
1—1954 a O
"♦Non-cony deb 4s
♦Conv deb 3 %s—i
.1956 j
♦Conv deb 6s..1948 j
j
O
.
.......
MiV
♦1st A ref 4 Hs ser of.1927-—1967 j
T*N YOnt A West ref * 4s- ..111992
m 6
-
♦General 4s...1..-—-•— ..1955 j d
N Y A Putnam 1st con gu 4s...1993 a O
N Y Queens EILt A Pow 3 Hb.. 1965 mjv'
N Y Rys prior Hen 6s stamp.-.1958 j
j
,
19
■
7
,
19
36 |
84%
40M
3%
43%
60 %
814
21%
7
80%'
2%
39%
109 H
3 %s.l
3963
{{*N Y Susq A W 1st ref 5s.„.1937
§ *2d gold 4 %s.. -r. .4.1937
}♦General gold 5s
1940
*26
♦Terminal 1st gold5s...——1943
34
103
29
'14%
13%
■
14%
UH
9%
93
93%
75%
109%
Y west A Bost 1st 4%s--1946
6%
Niagara Falls Power 3%s. 4-4.1966
NlagLock AOntPow 1st 5s A. 1955
Niagara Share (Mo) deb 5'%S—1950
109%
-
•
6%
>?
108%>
*110% ,
J
103-."103%
108%
1st mtge 4%s series A^.....1998
{{•Norfolk Southern RR 5s A.1961
Norf A Western Ry 1st g 4s.L41996
NorthAmerCodeb3%s
Debenture 8 % s.
Debenture 4s. j—
.-.1949
1954
—.1969
42
17%
i
*^42j<
*3%
93%
15%
108
101%*
8% > 7%
108% 109%
109% 110%
101% 103%
71
25
*25%
125%
101%
101%
.26%
■" 26%
-125%
101%
•
101%
*103%,
-4 74%
26%
x*U2
*36
100% 103%
102 V! 104)4
$3.50
conv 1st pref._jVo par
$5 preferred B_4^—-No par
Radio-Keltb-Orpheum
9(,
'
•
24%
1234
1534
•671+
i 41%
57 ■"
V*3%x
V33jj
727g
*
*56^
41% -*41« -4412
v 3i«
15% i'13%
*71 y
57i2
x
73
*94
i
»
*35
- •.
23 '
• 23
,'>5
45
*35
v
ix
23-j-
45
1
2234
*35,
4% 2d preferred....
Real Silk
P~.<
-
*6%
-
7U ^;-*6i2 -' 7%
23'«
>
' *6%
45 J
7%
*312^4%"; *312^. 4% !:*3i2' 1438
18»4** W *-V. 18
V"*7% "f 8% "K*7% i ?78 "Y; '7%
*33 y« 43% ..*33v - 43*2'- *30 fr
r 48-- *
V
see
page 1818.
For footnotes see page 18 T7
50
i
13s Jan 13
18
-
:
7%
43%
2
23% Mar 11
2
Apr
Apr
23
Dec
10%
22%
Dec
Dec
19% Dec
Dec
:i
8
>,
53
Nov
5
7
Apr
16
Nov
6%
Dec
12% 1-eb
2
9% July,
12% Jan-
934 Jan
6
38'4 Jan
234 Jan
59
Apr
6
22% Mar
9
61
Jan
7
9%
7%
63%
Deo
10% Nov
67% Jan
6
2
48
Feb
2
31
Dec
61
5
17
Apr 22
4% Jan 14
19
Jan
2
100% Mar
5
8634 Jan 23
;c
2% Dec
14%
Dec
96
77
•6% Jan
3
129% Mar
8
97
Jan 20
60
74
Apr
Apr
4%
Aug
,
97
Jan
Sept
Dec
8034 Sept
1538 July
75%
Dec
95
4
Dec
10%
Jan
22%
Dec
34%
Jan
Apr
54
Jan 27
4034 Dec
4)
Jan 15
834 Jan
5% Jan
19%Mar
10% Jan
-
y
1*
100
6% Apr 30
334 Jan 6
16
Feb 19
7%May
-35
S
May
5
8
% Feb 17
•47
Jan
5
16
20
20
27
2
% Apr 27
.
Jan
11
129
Ritter Dental Mfg...-No par
Roan Antelope Copper Mines.
4?8 Jan
2234 Jan
101% Feb
Apr
27% Jan 27
5%% conv preferred—.100
Reynolds Spring. ——.....1
Apr
334 Dec
Dec
Dec
Apr 23
Reynolds (R J) Tob class B.10 z20
Common
j-.u. ---10 i 35 May 6
Richfield Oil CorpNo par \ '6% Apr 28
,r
conv preferred-No par
Jan
2% Sept
2
87g Jan 5
85% Jan 19
$2.50
24
7% Feb
-6%May 4
75»g Apr 29.
3% Mar 9
■
18% July
2734 Aug
50
109
Ruberoid Co (The)No par
Rustless Iron A Steel Corp.—1
55% Oct
21% July
18% July
29% Aug
16% Feb
_
7% preferred——100
27% Feb
38% Mar
14% Dec
8-34 Dec
Jau 15
Reliance Mfg Co...—^10
Remington-Rand. ...;
1 i
7i4.\lay
Preferred with warrant8..25 ; ar55
Mar
5%% preferred.:
-.100
Reynolds Metals Co..-No par
Jan 28
11% Jan 16
2634 Feb' 3
15% Jan 28
Jan
Apr 30
11
•
Rensselaer A Sara RRCo.-lOO
17
334
Jan
6'4 Apr 21
10 »4 Mar 11
1-100 '•89
Preferred,
Reis (Robt) A Co 1st pref--100 i
Reliable Stores Copp...A^ par
{Rutland RR 7% pref
For footnotes
-50
Hoffleryn.....—15 ?
_
.,.
.
Apr 28
Republic Steel Corp...No par 1 15
6% con v preferred100 i 95 May 4
6% honv prior prtf ser A. 100 I 7rli2\lay 1
Revere Copper A Brass No par
4% Apr 23
®
4«4 '"♦4%
.434
109% 412 4*109V.1'112 tIWi >• i 12 i
•-•*55 ..>' 59i*55:.«59
j *55 t ' 5834
*684 "078 > 16%
684 >
6%
"7014 '.7012'7 7012^7612 V*70i8 ' 76l2
■j
*4
y. 4% v*4>'*4'y"-' '4i2
22U
.—.
^3
87
^.pr^l
15'2 Jan 2
8
Apr 24
2334 Jan 5
1112 Apr 16
2478 Jan 0
20i.j;May 4
Apr
1574
f9«u
•*
•
,
2
Reo Motors v t c—i-..•-.---1
*6972$
;
prererred-...u.l00
88
"3is
v 15%
,
,
conv
4% 11st preferred -
|i
M34
:
Rayltestos Manhattan. No par i
Rayonier Inc.—i.._.l
$3 preferred—4....
25 iReading Company
50
27
♦20%':'2l
5
.
0%
45^
4% "ii. 4%
28.%
|
Radio Corp of Amer.-.No par
J39
'
..'iiaj ;*u2
125% 128%
100 % 104
27«
*45
'98'. 6-95TO.95
*69
;
21%
23%
3«4
14%
Norfolk Southern Ry Co-•Gen mtge 5s conv lnc4—..2014
*56 r-'-57-.;
•
37%
:.i
39
12% 4T2»8 412% 412%
27"*26-^427. '*26
'v
*95
N Y Telephone 3 %s ser B —.1967
■ •
55
:*45
»55
*10
1312 *10 ^1310 *jo*4
13%
*6% "7j ^*6%^.;7G ^ '612;; 61£
* 1034; 13* ii)34 -j! 13 ,
* 1034
411
7*2
7% •
7i2
'7)2 ;"4 '7 Ut •' 7%
•
-
106%
.
*36 4
*1% 11134
4"*45 '-,; : 55-tx
-11014
37%
17%
„
.' 234
>3014 v20%
104% 106 I
103%
103
39
*1238
4
y
N Y Steam Corp 1st
;278
x
2%
48 %
105%
234
157fi
167s > 1512 .'l.%i
15%
•;4 8-V •; 838 4*83s •' 83.* V^*8*2
/:-*24 -"s 25 '. ••♦24%sr25'!!'''*24"i8
7H
m
'■% We
45%
109% i 109%
•
*36
173.;* 80%
7%
%
278
.
41%
1914
40
r2
45
,100.
36
•••-*47«-47i.g ','47>' 47^ ^47^47%
♦804 10$^ '*82% l62-,x r*82? '102
'|
*178
t '218 .; .'21m •"l *2 '■■' 2'H
,
60%
-
6%.
38%
80% ;
m jv
■m 2\
84%,
42
-
.
35%
•18%
35%
34%
•
.
.41
;■, 58
D
f {♦Harlem R A Pt Ch 1st 4s_. 1954
,
,34
j
.
A
35
,
«♦Collateraltrust6s........1940
♦Debenture 4s—.1957
;
19%
20K
34%
3514
84. x .34%
^33% ^ 84%
.31% , 35
.
„•—1955 J
j
♦Non-conv deb4s.:_:;.—.1956 MN
.—...
6%
7%
Feb
6
Apr
2%
Dec
1434 May
8% Dec
42
%
Nov
Dec
July
53% Jan
12% Aug
9% Jan
5%
21
Jan
Nov'
1434 Aug
48% Jan
1
Aug
'
'
f"i
fyj
Monday, May 11, 1942
RECORD
NEW YORK BOND
YORK^STOCK RECORD
NEW
c.'
FINANCIAL CHRONICLE
THE COMMERCIAL &
1816
'J*
Week's
Friday
LOW
Saturday
Monday
May 2
May 4
$ per share
$ per share
■
May 5
•r.
■May 7
May 6
May 8
$ per share.
BONDS
(1941)
EXCHANGE
Lowest
Shares
{
*
>4
hi
»u
38
*'i#
%
38
v
'
*3
12
29%
30
106%
106
29%
C
*106
14
13%
13l4
*80
*258
44%
*%
*10%
%
(i%
♦112M
6
*32 "4
34
*11
llU
*32%
11%
8%
54%
54%
*5%
5%
•
32%
32%
32%
11%
,2%
11%
1178
*%
*2%
A
72
*60
72
6G
67
113
*111
-114
17
lOU
16
V 16
14%
*1334
67g
678
*2
2%
15
*1419
*9U
11%
*1334
9%
11%
14
27%
*43%
*1%
11
14
27%
1%
1%
26%
*43%
50,
*2%
11
*13%
26-%
*43%
2%
2%
*30
2%
1%
*17%
18%
23%
*31%
2334
33%
2378
2%
*238
*57
57
70
2334
*17%
22%
*31%
56
*30
18%
2234
18%
2378
33%
70
17%
60
*17%
33%
*31%
18
22%
36
57
*56
57
*30
16%
*9%
16%
934
11%
13%
11%
14
27%
26%
69
161"
:
*2%
56
27%
•V 20%
*31%
20%
20%
32%
27
27%l
32%
27%
19
19
20%
323.j
27%
*25
-
18%
26
4538
4584
.*5%
534
f
46
21%
327g
2034
327g
21%
27%
27%
25%
]i2
*24%
47
6
v-
3%
3%
3%
3%
578
3%
V
4%
4%
4%
4%
4%
4%
,4%
*42
; .
*13
.,*1
10%
3%
4%
4%
4%
12%
13
1%
10%
20%
434
1278
1278
*10%
20%
*3%
2134
21
21
21%
*4%
3%
4%
21%
*20
:
3%
4%
*1
4%
*1
0
,
4%
4%
*3%; v 434
21% '21%
10%
-
;>*- 6
4%
1%
...
:
118
4734
47%
4%
4%
*44
44%
*117% 118
43%
43%
118
4%
13%
4%
4%
4%
4378
118
118
25%
*25
26
47
1%
*10% 1034
*20% 21%
*3%y..434
4%
*43 78
44%
118
118
4%
12%
1%
10%
20%
10%
20%
*3%
21%
*4%
21%
21%
*21%
.434
2134
21%
4%
.
4%
4%
4378
.
21%
21%
21%
217g
4%
4%
4%
4%
4%
4%
12%
*1
12%
1 %
;?
*9% i-10%
21
*3%,
434
22
4%
25% July
Jan
15
1%
13
Dec
Feb
Dec.
Dec
273g
8
Jau
14%
11,600
2,800
2,200
*'*"566
Sparks Wlthlngton
Southern Ry.
No par
5% preferred
100
""560
3,900
250
1,600
890
3,600
1,900
600
<:
3,600
7,300
8,900
26,000
1,200
"l'eoo
700
2,100
600
290
10%
1,600
1,100
""266
600
21
2178
22%
4%
TioS
2,600
500
60% Mar 24
17g Jan; 5
3% Feb 6
Apr28
21% Apr 28
31% Apr28
37
Standard Brands
$4.50preferred.
Standard Gas & El Co.No par
34 txpc
$4 preferred
No par
$6 cum prior pref
No par
$7 cum prior pref. ..No par
6
Standard Oil cf Calif. .No par
18
Standard Oil of Indiana
20
5
4
No par
Studebaker Corp (The)
.1
Sun Oil Co
No par
Class A pref (44i% cum) 100
Sunshine Mining Co...
100
Superheater Co (The)..No par
Superior OH Corp
1
Superior Steel Corp
100
Sutherland Paper Co
10
3
103 bi
103%
22
A
102%
102%
1
Ontario Transmission 1st 5s.. .1945 M N
♦103%
117%
1946 J D
J
1046 J
./
;..194G J
Oregon RR A Nav con g 4s
Ore Short Line 1st cons g 5s
26
Oct
2
Jan
Dec
Swift International Ltd..
Corp..
105 H
105%
J
97 bi
97 bi
22
6% July
July
July
*4%
*4%
5%
33
2%
28%
534
434
10%
7%
*4%
*9%
*678
*32
36
,
1®4
*1%
»7%
8
311
7%
31%
2%
28%
5%
*4%
578
434
*9%
*6%
10%
7%
*2%
*'1#
%
%6
90
*34%
29%
3434
4
4
2%'
28%
3%
*30%
*2834
♦2
♦5%
19%
*9%
8%
*83
28%
3434
4
*8
36
2%
46
3%
34
2%
578
19%
%
10
8%
SO
291.,
3434
4%
2%
28%
*5%
3%
31
2
*5%
19%
*%
*9
8%
*83
9
9%
22
3
*20%
*234
38
*37
534
*538
6
9
*20%
*2%
*36%
5%
9
19%
8%
2%
28%
£5%
2%
28 78
5%
434
97g
*4%
97jj
*7
1978
*5%
*19%
57g
107g
%
%
*»%2
%
2
2
2
57js
10
8
8%
90
*83
*3%
*30%
2%
46
3%
34
2%
10
10
£8%
*83
*10
8%
8%
*83
90
28
28%
28
28%
34
3434
34%
34%
*4
4%
4%
4%
4
8
8%
9
8%
11
10%
8%
*10%
5%
*11
9
8%
11
8%
*10%
li
62%
5%
11%
9
»u
»j«
65
*62»4
5%
534
11%
*11
§*Pac RR of Mo 1st ext
§*2d ext gold 5s
8
Jan
40%
Aug
Aug
48%
Deo
Dec
6%
Pacific Tel A Tel 3Jisser
'-
Ref mtge 3 %s series
Paducah A 111 1st
14
Apr 28
June
108
% Nov
7
1% Jan
6
7g
113% July
1% Jan
Dec
8%
10%
Dec
Dec
4% Mar
21% Mar
22% Mar
25% Mar
33
Feb
33 * Dec
27% Jan
42% Jan 27
_
3
Jan
33%
56% Jan
i
6
Jan
29
Dec
40
Dec
66
4%
4% Jan 27
3% May
5
4%
3 -%
Dec
Dec
50 ;
Apr
55% Jan
9
Jan
3
126
8% July
8% Jan
21
-Jan
3 > Dec
*
19% May
24% Jan 28
16%
5
101
A
S
99%
99%
44
O
.4
44
*115%
D
D
106%
F
A
:.1960
J
100%
100%
103%
100%
102%
102%
102%
D
*77 A O
4bin series B..
...*
1981 J J
Penna Power A Light 3bia.—.I960 F A
Pa Ohio A Det 1st A ref 4Hs A
1974
F
*534
9
9
9
22
*207g
3
284
22%
234
*21%
*278
3734
*5%
38
38
37
*5%
534
*27«
37
600
100
Dec
3.% Dec
,
.4
105%
.1948 -UN
Consol gold 4s_:
..
48sterlstpd dollar May 1 .1948 .UN
3
37
9%
*234
37
Texas & Pacific Ry Co....100
No par
$3.60 couv pref
No par
Thompson-Starrett Co .No par
200
lOO
300
10
2,300
100
10%
8%
2,100
90
28%
34
*2*656
2,000
2,900
i'4
1,000
8%
10%
1
9%
22
3
37
.....No par
The Fair
..100
Preferred
Thermold
Co
...1
...
10
$3 div ccnv preferred
200
5,600
50
400
$3.50
cum
6%
24% Sept
77s July
2%May
41
Jan
30
2
30%
Dec
4% May
387g Sept
9% Sept
Deo
5% Mar
7% July
Feb
Dec
6-% Aug
3%
5%
14
10%
July
Dec
June
8
2
Dec
44% Sept
4-% sept
7
50
Jan
28
38
May
...
18
.1965
103
102%
103
62
.1968
108M
108
6
Dec
3%
34% Feb 27
30
Jan
40
88%
62
98%
99%
51
98%
97%
98%
27
.1952
84 M
84
85
91
Apr 1990
♦income 4h_,
Pere Marrmette 1st ser
—
—
O
45m
4%
Apr
-3% June
7
5
24'4 Nov
% Dec
34
Dec
18
107%
J
.72 m
62 bi
71%
72%
J
62 %
83
M S
6IX
62 %
02%
23
105%
106%
46
./
A
I)
106
9% Mar
1178
95% Aug
27% Feb
37% Dec
9978
Deo
Tide Water Associated Oil.. 10
$4.50 conv pref
.No par
Timken Detroit Axle
10
85
Mar 28
28
May
Timkcn Roller Bearing.No par
33%May
2
Transamerloa Corp....
Transcont'l & West Air Inc..5
Transue & Williams St'l No par
Trl-Continental Corp
1
No par
$6 preferred
Truax-Traer Corp
No par
10
4
Jan
28
77g Apr 27
8% Jan 3
% Mar 14
61
Apr 29
■
Jan 9
Jan. 6
Jan1 6
Jan 6
2
4
1937 J
Phillips Petrol 1mb debs
67g Mar
% Dec
35% Sept
51% Jan
5%
Jan
17% Jan
1078 Aug
2
Jan
75.'
Jan
Dec
4
Feb
7% Sept
9%
Jan
11% Aug
Feb
6
7% Jan
100
21% Jan
40-% Feb
1
5% Apr
5
9% Jan 27
22% Jan 27
May
16% May
% Dec
3% Jan 13
16
6
Feb
4% Dec
6% Jan 29
9% Sept
24
6%
♦5%
5%
Deo
1«4 July
Jan
1951 J
J
3134
83s
8%
60%
GO
3i84
8%
3178
87#
31%
8%
31%
87g
60%
31%
31%
878
59%
8%
3084
31%
834 0; 87s
59% 60%
59
60
108% *106
10134 10134 102
108
*106
108
108
102
102
102
102% 102% *102% IO284
*100
10
7034
,
10%
71
*76%
78%
*24
25
2634
2634
93
93
8%
87s
10;
*70
76%
*24%
26%
*91%
834
*1134
59%
10%
; 10
71%
76%
*76
25
26«4
93%
834
71%
24%
257g
*92
87g
10%
71%
78
24%
26%
93%
9%
1134
HS4
12
*11% 117g
*106% 110
*106% 110
*106% 110
39
3734
3734
38«4 38«4 *37
*14%
{16
14%
17
516
15%
*15
%
1478
17
®32
15%
*15
%
14%
For footnotes see page 1817.
17
6ie
1478
59
108% ♦106
10
10%
110
24
24
9
26
93%
9%
117g
*1134
'106%
*24%
26
25%
*92%
92
110
9%
1178
*106
10
70%
70%
900
78 f:
78%
400
110
39%
*38
39%
17
*15
17
14%
%
1434
Union El Co of Mo $5 pfNo par
10
*38
;■
30
130
8%
71%
78
25
26%
92%
978
117g
*15%
%
10934 10984
103% 10334
8%
5984
10
10
71% 171%
77% *76%
*701.}
77%
007g
No par
Union Carbide & Carb.No par
3078
*24%
26%
92%
9%
117g
25
200
2 684
4,300
92'%
500
9%
117g
*106
39
39
*15
7,000
17
"306
"*5*806
14%
1434
Pref$4.508eries
No par
Union Oil of California
Union Pacific RR Co
4% preferred
—
....
Union Tank Car
25
100
100
—No par
United Aircraft Corp
5% conv pref
Un Air Lines Transport
287g Jan 2
778 Apr 17
58
Apr 28
108
May
6
100% Mar 24
10
May
1
2
63% Jan
75
Apr 13
24
Apr 20
...100
25%May 6
89
Apr 17
6
77g Apr 17
5
6,200
United Biscuit Co .....No P,ar
97g Mar 10
5% preferred..
400
110
®3!
14%. 1434
3,800
Union Bag & Paper
100
104% Mar 24
United Carbon Co
No par
37
Unlted-Carr Fast Corp .No par
United Corporation
No par
16
$3 preferred
No par
May
1
Jan 27
73, Jan
2
27% Dec
33% Jan 20
9% Jan
74% Jan
112% Jan 12
Jan 6
13% Jan 29
108
77% Feb
81% Feb
30
5
6
Feb 24
y36% Jan
10434 Jan
7
Dec
60
Feb
£111%
Jan
5
3
106%- Dec
11% (Dec
.
6
5
117gMay
20
Feb 26
% Jan
5
163s Jan 15
8 578
Dec
Dec
108-% Dec
v
29 H
30%
27%
4
9%
10
8%
742
2%
♦2
98
'226
—
98
97%
59
guar.........1942 Af N
1945 M N
gold
1949 F A
Series F 4s guar gold..
.1953 J D
Series G 4s guar
1957 M N
Series H cons guar 48——.196(1 F A
Series I cons 4 bis
1963 F A
Series J cons guar 4bia..—1964 MN
Gen mtge 5s series A
1970 J D
Gen intge 5s series B
—1975 A O
Gen 4 bia series C
1977 J J
v.
*105%
Series E 8 bia guar
♦
i' ;<" •;
V
'
Sept
...
107
*110%
...
Ill
111
111
"111
*118
'
*118%
107
107%
107
1*02*
107%
101%
102
.1
■
Pitts.Coke A Iron conv 44*9 A.1952 M S
Pitts Steel 1st mtge
>100%
100
1950
4
1st mtge 4 Ms series B
Pitts Va A Char 1st 4s guar...
J
D
*97%
1950
1943
J
D
*97%
98%
99%
"63~"
MN
62%
62%
"62%
1st mtge 4 Ms
1st mtge 4 Ms
62%
62%
A—.1958 J D
series 11
1959 A O
series C.
1960 A 0
Pitts Y A Ash 1st 4s ser A.—1948 J D
Pitts A W Va 1st 4 Ms ser
1st gen
1st gen
...
...
106%
5s series B
5s series C
1st 4mb series D
...1962
1974
1977
...I960
..1950
3Ms—1966
Steel Car deb 5s
1951
Port Gen Elec 1st 4 Ms
A
♦119%
J
D
♦101
J
D
M
S
-J
J
84
J
J
J
1st A ref mtge
.2037
2037
3 Ms. 1968
f deb 53.....1948
5s...
1st A ref mtge 8s......
Purity Bakeries s
121
-
84%
83%
*105%-*, 2— —
108
90%
108
90
MN
*5%
M S
*83%
——
109%
109%
Public Service El A Gas 3M8--1968 J
Public Service of Nor 111
62%
107%
107%
F
J
^♦Providence Sec guar deb 4s..1957
Improvidence Term 1st 4s
1956
62%
02
J
J
J
J
D
A
O
J
J
*143
7
-v
—
*218 .225
*109% '109%
*104% - 106
85%
878
5
4278 Jan 19
112% Sept
73
24% Dec
28% Dec
9% May
7
Mar
12% Jan
797, sept.
115% Nov
57% Dec
'
.
1178 Jan 28
112
37% Sept
16
41
101%
Series D 4s guar
Pressed
(Jnder Elliott Fisher Co No par
1,300
3,100
8,800
30%
110%
1
io
Series C 4%|h
1st 6s extended to
U
3184
110
*101
*1%
27% Sept
9%
109
108%
91%: 93%
J
Potomac El Pow 1st M
5%
116
107%
Pittsburgh Cine Chi A St Louis—
Jan
60
19% Jan
1% Jan
23
Dec
1
1
92%
1st A ref mtge
Jan
2
No par
....
Dec
1U
Jan 19
67%Mar
Twin City Rapid Tran.No par
7% preferred
•
8%
Feb
'
11
Feb
7
12% Mar 17
1
Jan,.2
7
5%May
11
95%
34%
43%
4%
10%
20th Cen Fox Film CorpNo par
$1.50 preferred.
J
Philadelphia Co coll tr 4J4s._ 1961 J
Phlla Electric 1st A ref 3bia... 1967 M S
Dec
•
105%
116
108 M
I {♦Philippine Ry 1st s f 4s...
♦Certificates of deposit
18
*108
./
D
.
36
104
105%
1971 J D
2Ms
^♦Pblla A Read C A 1 ref 53... 1973 J J
>
♦Convdeb6sJ.. —i_: 1941) M 8
....
104
1981 J
—
General 4^s series D
!■>.
*5%
1977 J
General g 4 bia series C
Jan
"u Feb
10% Jan 13
10% Feb 5
2
13
1956 J
1974 F
1980
C...
Phelps Dodge conv 3 bia deb... 1952
;
3>is (called bonds)
: —. 1952
Jan
6% Jan 20
Dec
40
A 5s... 1956 J
————-
1st g 4bin series
Jan
6'
3% Jan 12
1%
111%
111%
45%
0%
107%
Peoria A Pekin Un st 5bia
Aug
1% Apr 16
27% Jan
13
88 V
98 %
Peoples Oas L A C ref 5s.——.1947 M S
5% July
2
8% Apr 29
109
88 M
——- —
Conv deb 3)48—-
60% Sept
4% Jan
8% Jan
27
120
Jau
5
5% Apr 22
18% Apr 23
»3iMar 27
preferred.No par
Twin Coach Co
Dec
6
2*3",000
120
46%
Jan 16
"""lOO
300
Jan
Feb
25
Truscon Steel Co
.
3%
Dec
32
Jan
91%
119%
.1970
Debenture g 4Ha..
5% Nov
Dec
11% Feb24
3% Apr 15
110%
90%
General 4^8 series D—.... .1981
.1984
Gen mtge 4 bia series E
.
38% Aug
9% Jan 21
41% Jan 20
3
MarlO
Apr25
38% Mar 27
111
110%
119M
"1st 4s series B.
Aug
100
Third Avenue Ry
Thompson (J R)
6
11%
*21%
6
101%
91
25
6
347s Jan'14
6% Jau
Thompson Prods Inc..No par
*534
22
"Apr 28
51} Mar 13
4% Apr 28
7% Jau 2
Thatcher Mfg Co
64
*11
28
105%
101%
110%
101M
;Gen mtge 3%s series C.— .1970
Consol Hinking fund 4bia— .1960
Peoria A Eastern 4s ext....... 1960 A
<1%
6
Jan 27
3
103%
101%
Pennsylvania RR cons g 4s.. .1943 .UN
2% July
18% July
23% Jan
5% Aug.
34%
9% Jan 16
Texas Pacific Laud Trust
1
27
2
3
39% Jan
Texas Pacific Coal & OH...10
1,300
64
6
Texas. Gulf Sulphur...No par
3% May
Deo
4% Feb 25
32% Feb
2% Jan
Apr 15
"""560
10W
'%«
2
1,
10%
7g
11%
9%
*11
1,300
April
Apr 20
l%Mar 7
7% Jan 2
30
Apr 28
4
32
105
*101%
100 M
1963
28-year 4s
Pennsyl Glass Sand ibis
58%
99%
44%
58%
1952 UN
Guar 4s ser E trast ctfs
Dec
66%
Dec
Dec
9% Dec
16% Nov
25
5% Jan
108%
Jan
May
3%Ma,*.. 6
Jan 26
106%
108%
Pennsylvania Co—
?
J
Guar 3^s trust ctfs C
1942 J
Guar 3)^8 trust ctfs I)..:... 1944 J
July
12%
1%
21
100%
♦105
.1955 f
.1944
General 5s series B—
9
13% Jan
.■
92%
90
4>$8„.1955
6% Nov
126
9
1% Jan 14
■
,
Dec
3%
15% Jan
9%May
90% J; 94
B...1966
General 4^s series A
117% June
57g Jan 14
12% Apr 23
1
Apr 28
109
*94"
C—1966
t g
8
Jan
8%
Dec
5% Feb 21
5% Jau
•
100%
100
1938
-1938
1st M s f g 3s loan ctfs
June
5
6
107%
100%
Paramount Broadway Corp—
Jan
51
34% Jan 16
•
25% Nov
34% July
4678 Dec
48% Aug
177a Mar
227g Feb
25% Apr
107%
iooji
Panhandle East P L 3s B.....1960 MN
Jan
3«4
13% Jan 14
Mar
112%
109%
Pat A Passaic CAE cons 53—1949 M S
57%
117®4
8
Apr 28
108%
Partnelee Trans deb 6s
Feb
6
Jan
111%
Paramount Pictures 4s deben.. 1956 M
Dec
47% Dec
6
1IIM
108 M
g 4s..
.
83
*87
D
Jan
678
Dec
111
%« Jan
Texas Gulf Produc'g Co No par
387S
2%
46
3%
34
2%
57g
19%
63
13.e
63
»2078
5«4
28%
33%
700
2,500
7%
*ISj2
3%
34
3
5%
;
*5%
*19%
*3%
*30%
387g
*2%
*45%
22
38
33%
*34%
2%
*45%
.*3%
*30%
2%
*5%
19%
46
*9
90
*34
2%
*2%
46
9
10
327g
25
4
»16
11%
2%
57g
7%
5
Texas Co (The)
34%
62%
6
3%
31
36
*7
Tennessee Corp
2854
1
*11 &
*33
2%
45%
4%
*9%
Telautograph Corp
4
65
6%
*7
100
34%
11
111,
28%
5%
4%
10%
9
.*50
5
200
28%
*62%
*6
2%
5%
(James)
partlJ pref..
6,000
*7%
327g
*2%
Talcott Inc
4%
33
1%
8
♦1%
1%
784
28%
41,
36
♦32
57g
4%
10%
7%
*93g
*2%
45%
1%=
*7%
32
♦4%
4%
33
2%
43}
*32
1'4
734
32
2%
5%
73}
*4%
*32
28%' 28%
10%
*7
*10%
*11
6
*41o
65
16
*62
8%
2%
28%
*9%
8%
11
7l
*8%
*10%
33
*1%
3%
34
2%
578
19%
10%
8%
4%
*4%
*32
31%
*3%
*30%
*2%
*5%
19%
*83
41
3334
134
77(j
*4434
46
*9%
*8%
*4%
i, *32
31%
*32
2%
*2%
*45%
4%
34
7%
*1%
8
31
*734
3078
,
31%
134
..*1%
*2%
28%
534
*32
105%
97 H
D
Pacific Gas A El 4s series G...1964 J
Deo
60
Dec
34%
31%
Feb 11
194G J 1)
Pacific Coast Co 1st g 5s
Phila Bait A Wash 1st g 4s... 1943 MN
1974 F A
General 5s series B
*32
112
111%
111
69
Dec
11% Jan 14
2034 Apr 30
19%Mar 11
4 Mar 26
108
111%
iii"
J
Oregon-Wash RR A Nav 4s... 1901 J
Otis Steel 1st mtge A ibia
1962 J
6
107%
107M
....
Guarstpdcons—
,
D
Mar
3
Jan
•.
1
17% Feb 13
(The) 12% ,.-3%,Apr 9
Swift & Co..:......
103 bi
........
4 bin debentures
Starrett Co (The) L S..No par
Sterling Products Inc
10
Stokely Bros & Co Inc
I)
38% July
110
28
257g Apr 24
42
Apr 24
5% Jan 2
3% Mar 9
4
Apr 16
3% Jan 2
43
Apr28
116% Apr 13
4
April
Stone & Webster
2
.1946 J
4s debentures
L)
39% July
5
30% Apr24
Stewart-Warner Corp
109
10SM
lb
37%
Dec
Apr
64% Aug
6% Mar 25
25
4
109
108%
1st A ref M 3s series K——.1971 J
2
49.% Jau
113
Jai
25
109%
10SM
1st A ref mtge 3sser J......1970 J
27%
Jan
114
25
1st mtge 4s.-............. .1967 M S
1st mtge 3%s__
J
.1972 J
D
-
Jan
19% July
36% Nov
May
l
17%
6
45% Jan 14
38% Jan 6
Standard Oil of New Jersey.25
Standard Oil of Ohio...
Symington-Gould
}
4% Jan
89%Mav 2
% Jan 2
No par
'2
Oklahoma Gas A Elec 3%s... .1966 J
Aug
27%
60
40% Apr 9
111% Apr 20
2% Apr 29
No par
271
''~9
109%
107%
13% Sept
•
234 Apr 14
35
Apr 27
Conv $4.50 pref......No par
29
Apr 28
Square D Co
1
5% conv preferred.....100 £110 Mar 30
8%
107%
8 H
1st A ref mtge 3%sser H...1961 J
1st A ref mtge 3Hsser I—1960 J
Mar 24
31% Jan
Mar 16
49
$3 conv pref A
No par
Spiegel Inc.:—:—.2
:*•
Mar
150
8
6
20'% Jan
17%
1
No par
•102%
2% July
19% Aug
23?8 Deo
11%
19%
No par
Sperry Corp (The)
Splcer Mfg Co
M
Sept
60
1
:
10% July
Dec
Feb
Feb
23% Mar
5
35% Jan 24
% Apr
9
16%
Apr 17
1
Spencer Kellogg & Sons No par
Sweets Co of Ainer
434
£ 18% Feb
34'% Jan
No par
Squibb (E R) & Sons..No par
$5 pref series A
No par
10,900
12% Jan
5
24
2%May 4
100
Spear & Co....
4
2% Apr29
Apr 17
3
110
18% Nov
5
13%
7%
Feb
8% Jan
£10
3.100
4%
Feb
•
5
4%
2178
22%
14%
6
13% Jan 26
1,500
*3%
2134
22%
4%
6
13% Jan
17
Feb
2034 Jan 10
4-%
21
20% Jan
29
126
9%
10%
12%
25%
3%
*10
Jan
14% Apr
44%
.
114
Southern Pacific Co...No par
49
578
4%
Dec
Southern Natural Gas Co.7.50
118% 119
4%
4%
*12
12%
♦1
1%
20%
2184
217g
34%
44
111%
Southern California Edison.25
4%
3%
Jan 28
Apr 20
Apr 17
20
48%
578
*3%
48
*578 >• 6
*3%
4%
4%
437«
19%
27%
25%
*25
112
$5.50preferred..
21%
33%
*47%
118% 118%
4%
12%
*1
*25
2
Apr 29
Apr 15
600
27g
18%
227g
27%
34%
110
Aug
1,100
26%
20%
Jan
120
"""150
32%
112
144% Jan 27
573g
26%
Feb
2
357g
27
201
Feb
Apr
70
197g
Oct
1878
95
June
*56
19%
3034 Nov
35% Oct
22
2
100
J
Jan
Jan
3
8% preferred
4s.. .1948 J
gu g
21%
2%
9
18
24
108%
110
Ohio Connecting Ry ls(i 4s... .1913 M ,S
Ohio Edison 1st mtge 4s
.1965 MN
Dec
Jan
So Porto Rico Sugar...No par
26
o
t§*Og A L Cham 1st
Nov
Jan
Lines._5
383
57
J
1
£13
S'eastern Greyhound
J
11%
28% Jan
Apr
"77
58 bi
58%
8
Ontario Power N F IstguSs.. .1943 F
No par
S6 preferred..
53%
68 M
57%
108%
M
Jan
100
26
53%
67 bi
A
5
Apr 29
19% Apr 23
15
F
Dec
!
*53 %
'
(Minn) 1st A ref M 3.^s
1967
(Wise) 1st mtge 3^8.......1964
Northwestern Teleg 4 bis ext. —1944
Dec
fi
44
Northern states Power Co—
16-%
1% Mar 24
*41%
58 bi
40
26% Jan 26
*33
19%
13% Jan
7
182
45%
68 bi
10%
;
44
67 M
2
2
"44 H
J
.
Dea
Jan
.; 4% Jan 14
6
67g Sept
Jan
Dec
-
Apr 24
57
3234
46%
534
1978
4
32%
15% Jan 16
22%
37%
27
26
*24%
>
19
4
Jan 20
Apr22
14% Jan
578 Nov
59
Deo
Apr
51% Feb
3%
6% Mar 11
l%Mar 6
14
Apr 17
22%
19%
207g
33
M ar
5%
Jan
65
:
Rkelly Oil Co...
Sloss Sheffield Steel & Iron. 100
Mobile & Ohiostktrctfs 100
50
*234
234
234
278
278
*278
3
*2%
3
2?8
278
37% 37%
37
37% 38
37%
37%
37%
37%
37% 37%
30
30
30
31%
*30
31
29%
30%
2934 2934
30% 307«
*110% 116
*110% 116
*110% 116
*110% 116
*110% 116
*110% 116
42%
*40% 42%
*40% 42% *40% 42% *40% 42% *40% 42% *41
111%
111% *109
111% *109
*109
111% *109
111% *109
111% *109
234
278
2%
278
234
278
2%
2%
234
3
234
278
8974 89 34
*88
8934
89-%
89%
89% 89% *89% 8934
89% 89%
%
1
; U3J
u3i
%«
u
h
*1
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
7
*6%
7%
*6%
7%
7%
7%
*6%
7%
*6%
7%
*7% ' 778
734
8%
8%
734
8%
734
8
7%
*73g
8
19
61 %
I
49
75 %
76%
73
'! 73
75 X
J
J
y
A
.
Jan
71%
•
Jan 15
3%
% Apr 14
24
Mar 17
1,400
..*36
19
6
j
113
es
Ref & impt 6s series B....
2047
Ref & Impt 5s series Cs ...2047
Ref A impt 5s series D......2047
Jan
1078
13% Apr 28
18%
56%
Jan
119
112
„
14% July
Socony Vacuum Oil Co Inc. 15
South Am Gold & Platinum. 1
1784
*31%
60
78%
.
Snider Paokiug Corp...No par
27g
*31%
3
400
14%
18%
22%
Jan
600
1,300
*2%
10
9
19% 20
126% 126%
*16%
1634
*91}
934
11% 11%
*30
70
*30
10
Apr
Dec
Dec
7% Dec
48% Dec
49%
4%
16
300
*1%
-7
11%May
No par
5
10
2%
27
5
Simmons Co.....
5
.
Smith & Cor Type v t c.No par
15%
14
Silver King Coalition Mines
1%
Jan
July
i % Jan
% July
17. July
3% July
Dec
Dec
:V; 3% Mar 24
678May
112
Smith (A O) Corp
11,600
2,200
*14%
No par
J3.50conv prefser A.No par
Shattuck (Frank G) ...No par
Sheaffer (W A) Pen Co.No par
Shell Union Oil...
.15
Sharpe & Dohme
Jan
%
11%
13% Jan.5
57
Sept
300
16%
14
7
1%
23.}
*1%
■;> 30
10
*43%
50
*43%
50
*1%
*56
60
*30
11%
13%
20
133
*126
1634
934
11%
1334
26%
16%
934
15%
30
112
*2
2
2
193}
133
16%
*9%
69
9»4
7
900
21%
♦13%
684
14
*14%
20
*126
133
1634
934
1134
14%
27%
50
1%
50
1%
1%
*2% •• 2%
'
>■
1634
2734
27
'.*43%
*126
133
i
*9%
16%
$5 conv preferred..-No par
%
;;
.1997 Q
.
23
Dec
107
...
4s registered.......... 1997 Q
115% Mar
'
i
High
—•-
—
Gen lien ry & Id g 3s..-..Jan 2017 q
3s registered
2047 (J
Ref & Impt 4 bis series A .'. .2047 J
39% Sept
Jan 28
1
North Pacific prior lien 4s
94% Sept
109% Mar 6
; h« Feb 10
478 Apr 29
54% Apr 29
4%Mar 6
31%. Apr 16
10% Apr 2 4
2% Mar 28
par
Slraonds Saw & Steel..No par
25
21%
No
Jan 10
116
Apr
.17% Sept
31
deposit—
Sept
Dec
79
of
June
June
*
9
*Certlficates
—
47
109% June
5
43%May 6
478 Jan 2
8
Apr 14
53
Jan 2
-.1
Simms Petroleum
112
114
14
14%
19%
*23
69%
•
800
1
*78
1
25
21%
684
14%
16%
16%
934
1134
14U
163s
*18%
1,900
*9%
2
2
60
284
12%
*15%
678
1534
20
fr-
*2%
*78
9%
14%
9%
""360
5
32%
*12%
21%
17
*13%
7
*14%
20%
*126
133
*126
2%
*1834
14%
6%
1%.;
15
15
1834
18%
9%
56
5
321}
12%
*68
*15%
14%
978
1434
67«
978
17
9%
*15%
i,500
578
1,500
*111
•
190
56
11%
72
*111
100
11%
114
*68
♦111
Servel Inc..:.
11%
23}
*23
21%
21
...5
Seagrave Corp
Sharon Steel Corp
16%; Feb
Low
—
0
.1945
No
119
114
*99
0
mtge g 5s (stamped can¬
cellation of guarantee)... .1945 A
High
121
1974 M S
113
12%June
8% Apr
3
36% Jan
10% Apr 23
2% Jan 12
Seaboard Oil Co of Del.No par
Jan -3
8
••
,.
89% Jan 15
5
July
»
1
May
6
Apr
£10678 Dec
19% Jan
7i»Mar 21
2,500
*2%
25
*23
21
100
Sears Roebuck & Co...No par
12
1
*78
1
2434
20%
113
*978
*13
634
47g
32%
11%
12%
11%
234
1178
v
Jan
878
*53
56
*4%
par
634
534
5%
5%
*53
32%
*65
;
5%
par
No
JSeaboard Air Line
4-2% preferred
35
110,
25% Apr 16
£11278 Apr 17
106% Jan 9
8,500
45
*54%
56
*54%
434
4-%
*111
*1534
8%
56
*53
4%
*23
20%
20%
8%
*8%
*8%
200
27g
684
56
2%
26
*23
63}
57
12
1
*7«
1
26
20%
*78
*23i2
*1934
2-%
12
12
12
12
6%
""700
11%
*2%
£44%
8%
32%
11%
34
11%
2%
27g
*2i2
2?g
44%
4%
5
*4%
*2%
4378
"300
%
%
-5
4
3
Jan
%
.
1% July
4% Mar 15
6% Jan 20
44
12% Apr 24
12% Apr 28
79
Apr 1
-.5
No
$4 preferred
"
*10%
11%
2%
44%
678
6%
*53
56
*53
55
11%
2%
...
S4.50 preferred......No par
70
•:v
*%
%
*%
11%
43%
6%
5%
5%
53(j
5I4
514
*4%
1127s 113
2%
*8%
*54%
55
55
*%.
*1034
1J%
634
87S
*%2
2
29% Apr 30
Apr 30
5M% preferred.....—- 100
...—
i
i
-Jan.
1st
Feb
Apr
%
;
:• %,
5
I
7g Jan 27
106
irui
Scott Paper Co.......No par
443.|
*2%
44
63.1
*8%
55
*53
10%
234
44%
0%
! 834
*8%
5414
,-V-
10%
2%
44%
Schenley Distillers Corp...
100
500
73J
*lo
11%
278
441
03«
*ioi2
0,200
*;»
"%
%
1334
-
— .
3jt Feb
;
7
Jan
!
3
Jan
5
'
100
80%
30%
1334
*78%
*28
*107%
*'jj
5% preferred
Savage Arms Corp
*107%
*ht
f.t
5,800
> 30%
*28
30%
400
13%
80
80
«
106%
13%
;i3%
13%
82
% Jan
2
?
par
£13
13%
13
.13%
2
-
Safeway Stores........No
2,600
106
106% 106%
107
.
*107%
"'5
*%
.
3084
*113
*107%
*%2
12
*113
*107%
...
*3
30%
*28
1
*10714
12
30%
114
114
*113
114
114
♦3
30%
'iji-Jan
1
Since
'•
is
Askqd
Low
39'4 July
Dec
Dec
in Dec
"
100
6% preferred..:
JSt Louis Southwestern... 100
100
5% preferred. —
300
7%
*1%
7%
100
27
3478 Jan 27
23% Apr 28
.10
JSt Louis-San Francisco—
500
,
>
*'l
*
30
29%
29%
2778
30
*2712
%
7
12
*80
82
*80
82
sn
St Joseph Lead....
1,300
25%
24%
.5
30
13%
13%
13%
13%
14
v
7%
;
•
106,
13%
1334
1378
13%
*80
82
3i6
...
*3
30
106
100
106»i
1334
1334
.
?■
251.1
•»%
*1%
1,
:
*1%
12
30
30%
*3
30
■
7%
*1%
12
,V*3
.
7%
*1%
75g
•,*158
25%
243.!
24%
%
'
38
**!«
24%
24%
24%
24%
A
Railroad & Indus. Cos. (Con.)
North Central gen A ref 5s.- —1974 M 8
.
2334
2334
,»
'
Bid
Gen & ref 4 Hs series A
tNorthern Ohio Ry—
♦1st gtdg5s—
$ per share $ per share
$ per share
$ per share
Par
Range
or
Friday's
Sale
Price
Highest
Lowest
Highest
Range
Last
fi
«
N.. Y. STOCK EXCHANGE
:
Week Ended May 8
Week
-
% per share
$ per share
$ per share
;
the V
Friday
Thursday
Wednesday
Tuesday
)
Year
On Basis of 100-Share Lots
YORK STOCK
NEW
for
Range for Previous
Range Since Jan. 1
CTnrKS
Sales
HIGH SALE PRICES
AND
Jan
Jan
July
44% Jan
31
"*17%
Jan
; 14% July
113% Feb
1997
Remington Rand deb 3M8
.1956
Republic Steel Corp 4Ms ser B. 1961
Gen A ref 4mb series B
J
74%
77%
J
74%
-
75
80
77
79%
79%
100%
J
J
F
A
102
102
102%
Jan
Pur mon 1st M conv 5Ms—.1954 MN
106
100
106%
Jan
Gen mtge 4mb series C——.1956 MN
102%
102
102%
35
Dec
62
1 a
Dec
21% Sept
1%
30%
R
Reading Co Jersey Cent coll 4s. 1951 A O
Gen A ref 4mb series A ——: 1997 J. ,J
Sept
For footnotes see page 1818.
100%
'
?
s
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
v
NEW YORK BOND RECORD
■ m-';
BONDS
N.
to-;,
«
is
Y; 8TOCK EXCHANGE
Week Ended May 8 ; v ;
Last
Range
Sale
fe
K
*
"
NEW YORK STOCK RECORD
Week's
Friday
; f
Bid
K2
Asked
dk
LOW AND
high sale prices
Range
or
Friday's
Price
Railroad & Indus. Cos. (Con.)
'Revere Copper & Brass 3%s..,1960 M N
41'Rlo Grande Juno 1st gu 5s .1939 J D
f
{{'Rio Grande West 1st
Low
J
53 *•
26 X
4si_1939 J
Gen mtge
3%s series I.;...1967 M
f
Gen mtge 3%s series J.1969 U
4«;'R I Ark A Louis 1st 4%s__ 1934 M
4'Rut-Canadlah 4sstpd...v.;_1949
4{'Rutland RR 4 %s stpd—.. 1941
Saturday
Monday
May 2
,
{
O '■'■!*>.
t. VO
Jf
\
sf'i;
| per share
00,4
'
S
144
I
J
J
7.
8M
*
"•
f
•■'•
.
16
.7 Ye
'
43
>
0
•
O
94H
J
J
•
.
1st g 4s1933 UN
I
'<*'• i
.?
»
16 :
17
.
*lst 4s bond ctfs
J
J
{'1st term A unifying 53.il.1952 J
J
.
.-.
1989 UN
ref g 5s series A.... 1990 J
8°^
I
0
cons 6s
United Dyewood Corp..... 10
i Preferred
....100
45s
43g
1,600
United Electric Coal Cos....5
*26
52 1
-
•4'2
2834
5314
•
527s
37S
•334
96
95«4
133s
314
13'4
3U
*1004
1234
"I"
t'V
m
7H
7A
>
>»,«
.;
9b
*34«2
♦374
39
15-4
of deposit--
»
W si
-
M_8
-
8-H
m
9
*25 A
....
'us
14
424
.
464
*'««
«,
9g
7i#
3914 *344
14
>134
43
43
464
234
*2'2
•'
2D2
284
United Paperboard..
.10
USA Foreign Secur...No par
100
"
*79
8312
21*2
21%
1
30
83>2
22'2
;1
i
U 8 Freight
200
m'm-m
V'K *••"
•
1
im
'1
4
27
5%
11
*59
132
5%
15
-*7u
h
,25
15's
15's
■•
IOft
>
Parttc A
All Fla 6s A ctfs...1935
'6s Series B certificates
1935
Shell Union Oil 2%s debs
•
8
7%'
7A
7%
1954
2%ssfdobs
*97?^
{{♦Siiesian-Am Corp coll tr 7s. 1941
Simmons Co deb 4s
12
102
lOlM
Socony-Vacuum Oil 3s debs...1964
101%
5
105
105
South A Nor Ala RR gu 63
1963
South Bell Tel A Tel 3%s
1962
i
3s debentures...
.....1979
Southern Colo Power 6a A
3
18
"
105%
16
8% 1st preferred
I Preferred
"
15,400
U 8 Steel Corp.'.
Preferred
i
i..No par
3,400
500
U S Tobacco Co.
No par
3914
j 7% preferred.....
♦345s
*131,1
-
135s
41's
150
♦147
-
Zm
"A
W
$6
M
26
*15
15*4
15
15
10
*9
10
9
114
31
*29l8
31
preferred.No par
Universal Leaf Tob..
310
.No par
117
1947
6
104% 105%
.
/4s (Cent Pao coll) iiv.—i.'--1949 J
«
,4a regtotereda*'iitfiaiii.V1949
1st 4%s (Oregon Lines) A
1977
Gold 4%s.
D
64 H
wi,i
1969
Gold 4%s.a..i_;>.-r.....i._'.198!
■10-year secured 3%s1. AL
1946
-
..
M N
UN
SZA
65 A
:
J
J
5
O
86
3
J
'91K
O
67^
L *—U.l956 A
O
HO A
Devel A gen 6s -SSl'i
t
Devel A
*
_
Mem Dlv 1st g 53
gen 6H8.:-i.i.L —1956
1)
A:.
1st A ref 3s series C
------
J
110K
1968 J; J -vi"
i*Spokane Internet 1st g4%s_20l3 Apr
-
Studebaker Corp conv deb 6s.. 1945 J
J
'i
-
M
-
M
i i,
Vw
.M
164
J
Texarkana A Ft S gu 5>£s A—1950
A
Texas Company
3s deb.
3s debentures
1959
'
M
O
Texas A N O con gold 53...i... 1943 J
Texas A Pacific 1st gold 5s....2000
33%
"
1979
O
Gen A ref 5s series D
1980
D
1960 J
Jan 1960 A
m
114*
.
'
_
A-M
.
J
53
J
'
1BH
4
Tol A Ohio Cent ref A impt
3Ms 1960 J D
To! W V A Ohio 4s series C-i...1942 M
121
20
102%
88
101
2
105%
101
86%
-
1
30
20
20
*19%
20
*14
14
284
*284
28**4
1114
,31
13H
1*4
1*4
*11.4
138
2834
00 cT
*28>2 29l2
285s
1114 *110
112
11134 *110
18*144
16
14*4
HI4 *1414
*233g 24
24
24
24
*2338
283s 28-4
*28
2778 28t4
28l2
'
11034 1114
18
*144
18
25
*23
28
91 '2
Toronto Ham A Buff 1st g 4s..1946 J
130
284
914
*120
812
*75
130
84
224
22
914
*120
84
>75
130
84
84
224
22
263«
Trenton G A El 1st g 5s
A..1953
J
104
>:•
1
v
264
2634
*64
64
1634
*64
64
*16-164
984
*95
.34
34
lUhlon Pacific RR—
*
-
1st A land grant 4s..;
?
A
122
II3I4
105%
61%
!
;
_
1947
109 H
r
-United Biscuit 3t£s debsj..^ ..1955 A
gen
M
4s...:. 1944 Af S
M
M,
M
x2
-
70%
.875s.....
Nov
I2
254
154
67
57%
68
—
-a
'
^
"9 2A
......
•
|
May
*104
105
.
*45
100
*13
101%
Nov
1 1943 MN
1.268aA....-v...May
I
1 1944 MN
;I-....Nov' 1 1944 MN
1.3753.
1
i
'1.75s..May
1.80s..Nov'
1.85s.j j.j
:
,::.May
1.90s............Nov
^
i
?•
t
.
?■
108
6
•'
5
10
-
6
97%
„■,
37
8
104%
21
>
'■
1
I'-t
t
.
.
.
:
,
■
1 1946 MN
1 1946 MN
1 1947 MN
1 1947 MN
207s
4*2
-
v.
■»
•:
2334
3634
1514
12M
1338
2334
*36:
*1414
7S
-
68
*60
*23
36
78
I 92%
.
1*14
t *1*2
i 5
hi Dec
424
Jan
x504 Nov
Dec
14
14
•
Jan
Jan
Sept
62
Dec
12
May
434 Nov
6
64
Sept
6
140
May
157
Jan
Jan 21
133
Jan
162
Oct
164
Jan
>1#
Jan
4 Aug
.2934 Feb
15
Apr
31
204 Jan
ll4Mar
24-4 Jan
154
84
Dec
344
Dec
15
Mar
Dec
204 Aug
1114 Deo
28
July
116
Aug
39UJune
Jan
20
May
1
1
Jan
2
224 Jan
11034 M ay
Jan 19
55
8
4
254 Jan 19
24 Jan 19
Apr 22
30
14
Jan
3
1154 Feb 25
19
Jan 29
24
Apr29
3134 Jan 20
2734 Mar 31
79
May 8
120
Mar 11
138
7<4May 6
Apr 24
10
Apr
July
Mar
57
Mar
Aug
66
Aug
20
Mar
274 Sept
s4
Dec
184
Dec
24 Jan
2834 July
1184 July
2334 Sept
114
Dec
11
Dec
42
3O4 Dec
Jan
4 Mar 25
25
45
57
66
7
0
964 Mar
29
Dec
89
Feb
105
Nov
9
294 Jan
21
135
Mar
143
June
Jan
334
Feb
1
300
800
Warren Fdy A Pipe...-No par
31;
200
Washington Gas Lt Co .No par
Waukesha Motor Co
-.5
12
151.1
*14l4
ISM
12l8
1218
13i2
13's
1314
*u8
2
Us
130
*81
6034
6O84
5434
*52
*56
12i2
61
58
54
*51
*98
123s
*98
102-is
*1212
♦98
10434
13i2
1334
13'2
13i2
13
2i8
2'8
2%
*514
21.1
*2
*5
534
*2
538
12
*7u
25i2
15's
2514
1478
15
15
6734
68
68>2
5U
15
68i2
6OI4
*120
,
*7i«
h
2618
2534
*120
241.1
*25i2
28
24i4
M'-'M
744
Jan
IO64
Jan
7% preferred
6% preferred
West Penn Pr Co
West Va Pulp A Pap Co No par
MM'i'V
*75
9234
*75
6% preferred
*2134
*40
51
*16
17io
100
4% 2d preferred
100
6% pref.. 100
1st
V"-'-
Westvaco Chlor Prod..No par
$4.50 preferred
22io
400
5934
90
*13iS
14
*318
2
13>2
*158
1>2
5's
'4's
: 144.
*56
J>18.
4's
!4'a
4i8
58
*100;
21
•
58
*194
224
164
16
118
.
224
*16
-f
'44 :
700
White Rock Mi 11 Spr Co No par
*134
*36
2
200
White Sewing Mach Corp...l
47
44
100
1
17
*16
1712
..
*57 >
2
4' 4
.
5
*4l8
.
2
1®4
lr>8
1%
5»4
4*8
5's
4li
•
'
*57
58
*57
H58
*57
58
115
*105
115
♦105
115
*
2238
19>8
*1934
2034
*197S
2 ll2
;
21
22
21%
2134
215s
16
100
504
*47%*
51
*47
85
*82 r.
44
4334
*112'i
140
*102
1264
,
504
*47
51
*47
«
85.
X
4234
50
*82
*47
51
}
*47
5034
.
*47
50
>47
*47
51
*47
*81
86
*81
*43
82
44
4412
-No par
115
Jan
89
Nov
1074
Jan
9
112
Mar
7\
Feb
6
18
1024 Mar 9
1044 Jan 2
13
May 8
164 Jan 3
2
Apr28
34 Jan
434 Apr 16
8i4 Jan 28
4 Jan 12
Jan 27
234 Feb 18
2734 Apr
144 May 6
194 Feb
15
Dec
1174 Jan
204 July
Apr
107
1238May
634 Apr 24
1174 Apr 29
23
Apr 28
22
127
Jan
13
294 July
Dec
44 July
4 4
7m
Feb
15
Dec
Oct
105
Jan
118
Dec
141
Mar
7
105
Apr 18
60
93
8
Jan 22
274 Feb
4
274
Jan
364 July
Apr
112
Aug
July
Aug
65
85
Dec
100
214
Apr
3034 July
Dec
76
10'4
Jan
104
Dec
154 July
174 Jan
234
Dec
584
5
15
Apr 17
154 Jan 5
34 Jan 26
34 Jan 27
344
Apr
614
134 Apr 29
May 6
154 Apr 23
244 July
274 June
Jan 29
40
July
14 May
314 Nov
71
8
1234 Apr 28
3
Mar 6
9
Dec
Feb
184
6
Jan
2's
Jan
Jan
84 July
54
Dec
Jan
53
Jan 12
41
Feb
544 June
224
Jan 13
184
Dec
264 July
24 Feb 10
14
Dec
14 Jan
64 Jan
14 AprlS
14Mar 6
44 Apr 29
14
Apr
34
Apr
4
58
2
8
5
64 Jan 20
7334 Jan 13
60 4
Mar 28
~24~ "Jan *7
1094
19>8
Apr 24
May
"194
10
28
Jan 15
214May 6
15
Apr 21
214 Jan 2s
120
Mar 25 120
Mar 25
111
Feb 13
117
Mar
3
Worthingt'n PAM(De!)No par
20
7% preferred A.—....100
6% preferred B
100
Prior pref 4A% scries.. 100
t Prior pf 4 A% conv ser.. 100
Wright Aeronautical.:.No par
Wrigley (Wm) Jr (Del) .No par
_■
Dec
134
2
£0
8
Oct
154
314 Jan
1064 Jan
Mar 11
May
May
1044
294 Feb
1034 Feb 20
50
Apr 18
88
994
Jan 2 s
8U4
10
600
449s
82
44
1
,300
86
44i2
85-
Dec
8
Woolwortn (F W) Co
18,800
51
44
43 78
8
Wisconsin El Pow 6% pref. 100
49
51
$6 preferred
254 July
Jan
104
Woodward Iron Co
2034
2134
♦1512. I6L1 *1514 1578 *1514 16G
1534
1534
1124 140
*11214 140
*11314 140
*11314 140
*11314 140
1024 1264 *10214 126l2 ♦103U 126'2
*10314 126*2 *10314 12612
*47
.
5
10
Wilson A Co Inc.....-No par
600
Jan
Feb
•
■
6% conv preferred
2,9oo
4's
'''-'A;>■' > '
Willys-Overland Motors
1,700
::
$4conv preferred...-No ;;ar
Prior preferred
20
Wilcox oil A Gas Co
300
134
U2
514
*105
21
217s
.
:.*4
*138
*U2
d2
58
♦195s
224
0 5's
118
*100
T:
21
2
5
v
1
White Motor Co
1,000
314
88
44
80
Feb
Apr 27!
93
Jan
May M 1134 Jan
36
2138 Apr 21
*16
*134
414 Apr 27
102
59
*36
*138
1'2
U2
100
May
$5 conv prior pref...No par
White Dental Mfg(The SS).20
:
200
14
3
80
Wheeling Steel Corp..-No par
1712
*16
2
14
54
No par
5)a% conv pref..
2218
59
3's
50
Wheeling A L Erie Ry Co. 100
■
221.1
13
preferred
Weston Elec Instruinent.12.50
100
■
50
40
40
14
100
Western Pacific
30
60
137s
214
1'4
100
Western Maryland
9234
22%
174
100
100
4J4% Pf.100
Western Auto Supply Co...10
'■MM'AMM'-'"
92
3's
Jan
Deo
28i2
60
13
204
654 Mar
500
*2134
137s
Dec
Dec
3
2434
*70
3l2
14
Jan 22
121
6U2
14
134 Feb
24 Feb
Feb
Westlnghouse El A Mfg
2314
137«
114 Jan 15
1 «4 Jan 6
Sept
91
Westlnghouse Air BrakeNo par
92
*
Dec
70
3,700
*70
>3i8
Dec
IOI4
104
8j
4,300
*22
*60
2
14
5
7
19
Apr2o|
200
50
35s
2
134 Feb
Jan
34
500
105
14
2334 Jan
174 July
Feb
3
14 July
Oct
61
1518
*45
2
38
No par
69'4
*104
13io
214
Feb
f. $4 conv preferred
2,600
h
50
*13
144 Apr 15
Feb
West Penn El class A..No par
5C0
13'2
2 «i
5'4
*45
5934
Dec
1634 Mar
160
50
60
38
6
25
6
Western Union Telegraph.100
*2558
2
204 Jan
6,200
*2412
Jan
Mar 13
8.
26
*120
24M
19
14 Jan 29
2434Mar 10
394 Jan 8
100
15
121
4 Jan 2
1538May
No par
170
*45
*318
Jan 16
74
JaD
Webster Elscnlohr
6834
*2512 28
103i2 104
10372 10312 *10314 104l2
*1334
Jan
36
254 May
Sept
a:1234 Feb >154 Sept
2U Dec
64 Sept
4 Dec
14June
134 Apr
264 Sept
234 Feb
64 Deo
53
Jan
77
Deo
Wesson Oil A Snowdrift No par
160
•
13l2
10238
*'18
25io
121
*23*2
13
64
Dec
Apr
100
10314 IO3I4
1238
2 5 >8
13
Jan
410
54
1031,1
12i2
Wayne Pump
7% preferred
58
*51
*103
102i2 10234
28
22 >4
1054
100
46
2434
94
Dec
300
61
51
*14
J.22'2
104% 105
1.100
Us
*47 V
59
200
•;
130
46
121
No par
.No par
36'2
61
] 54.
14
*194
75%
•90% >97%
5,900
23
4478
24%
..No par
»'i« Feb 18
204 May
54 Jan
'•44 Apr 27
674 Apr '6
36>2
6U?
*25i2
$3.85 preferred
Dec
3
Feb 28
154 Jan 22
334May 6
7
4
Feb 17
4May
16
64
154
964 June
46$ Jan
31
234 Mar
-No par
23
4478
5i2
74 Jan
184 Feb
102' Mar
37
*60i2
*120
34
•
1,500
10,200
304 Jan
16
24'
12i8
*81
45
2i.t
No par
Class B
24
{Warren Bros Co
i; $3 preferred^
*1414
12l8
2
44*2
14
No par
I 7% preferred
100
Warner Bros Pictures..5
------
61%
47
5's
.
•:
69
-----
44
Dec
Dec
77
Sept
Oct
115
Nov
23 >8
334
344
16
Dec
2534 July
98
Mar
147
Aug
130
July
85
Jan
48
Apr 14
54
Jan 26
47«4
Dec
Apr28
57i4 Jan 26
504
Dec
82
May-6
Apr 21
104
62
: Jan 15
Jan
5
Jan
64 Dec
7
Sept
Dec
Dec
49
39
24 May
23i
-
Jan
Jan
734 Aug
7534 Aug
86
Apr
122
July
504
Dec
80
Jan
15
Dec
224
Jan
174
Jan
.;,i,;: f:
100 A 100 %
>
'£■■■:'•■
4
100% 100%
.
101*
.
|1794
100% 100%
)
-
'a.
*100..
33'4
: Mar
4
Jan
134 Mar 23
100
pref with warr
Ward Baking Co cl A..No par
400
400
»ii
92
„
103% 105%
j..:..
*100
42
,
Jan
159
I
May
I Dlv redeem pref
100
-
68
*13*4
-
130
*81
1
*6018
2
*100 I, 118
99
99
1
*«8
14
*16
.
614
14
105% 107.
177%
*100%
*100%
*100%
*100%
*100
5
Jan
'
i
50
1338
i 34
*40
*60
2012
434
478
1
'2
203.1
47«
*45
*134
17*2
68
*60
1412
3i2
*7u
227s
614
.
*13
51
434
>234
to
153s
15
2
•58
108% 111
96%
96%
2012
434
14l2
35s
>
7
31
20i2
.19
145«
No par
No par
Walworth Co..
200
153»
6778
3's
,
71I
,
*100:.
*100%
9
Jan
70-4
130
14-4 Jan
524 Jan
534 Feb 19
Walk(H)Good A W Ltd No par
1*500
32
1534
*5
50..
*824
13'2
*3
-35s
3s
111%
'
6
11%
99% 102%
96%
106%
*100
-
1
k
:
1.50s........
May 1 1945 MN
iT.625s.v..£.._...Nov; 1 1945 MN
i
\
■: •
1
Feb
764
'
1504
Apr 14
64 Mar 25
Apr 23
984 Apr 16
34 Apr 23
314 Apr 17
100
Waldorf System
Walgreen Co..
•
I
358
32
25%
28
*45:-
13*2
105% 105%
....
334
3%
3234
1534
•2U
244
*214
.....
•*1414
3*4
♦32
1534
H
1034 1034
50
*58
*100
11943 MN
1.125s..
No par
Wabash RR pref w 1
400
-T-:-'
'
*153g
674
24'4
*254
6H2
98%
90%,
100
Preferred..—a........ 100
$1.25 preferred
5,300
165s
98i.i
154
4534
121
23
98%
>99%
30
Vultee Aircraft Inc
300
65s v>:
*6'2
33.1
3234
14i2
.
130
154
674
334
■
65s
*604
4
264
121
28
*25'2
18%
101%
*178
24
>4
26
154
'
*1638
*612
*42
•
Vulcan Detlnnlng Co
2,700
27
*81
i
1 1942 MN
1.00s
26't
*95
♦1134
134 >13U
2 •*178
*81
54
92
109%
*105%
*75%
26'i
*154
1334
:
f 5.
120*2 121
*244 244
102% 104%
United States Steel Corp— '
£)
'
Serial debentures
^ ; v V
?
J384
>2
54
*22
ic.
•
26
17
.
*824
11%
,98%
103%
M
8
2134
25
6% preferred
i-f
8
5% pf 100
25
Virginian Ry Co...,.
80
*2012
*»u
614 62. .61
6214
5434
55.
5434 5434
1024 1024
102'2 10212
13 •
*124
13 •
13
*98
10434 *98
10434
'2
69
:
48
46
90%
101
97%
W
79
98'1
.
364
134
62r
87
•96%
109
M
104
O
United Clgar-Whelan Sts 5s.. 1952 A O
United Drug Co (Del) 6s
^.1953 M S
U N J RR A Canal
4'C
Va Iron Coal A Coke
10
100
800
8
*141.4
*144 : 15 J
*114, 13
',
*60
-
98's
378
37s
184
*35--
1578
;254
?154
;
69%
-
34-year 3deb....—....1970
35-year 3^8 deb
......1971 UN
Ref mtge 3){s ser A........1980 J D
*
18
130
*16(4
■
130
*154
81%
110
.96%
Va El A Pow S6 prer.. .No par
25
79
*95
<4\
234 234
v
.2
*81
*58
101
-
13
13
13
13'2
24
*2
*134
J
Dec
W
26
*3134
438
44
*60
.68 •
23
*1134
1044
1*44
44
34
224
102i2
*98
184.
*354, 3634
144. 143il
f13> r 13
92%
60
47%
12
224
84
106"
A
Dec
I'll Jan 19
44
24
Apr 30
s8 Jan
No par
Chem
6% dlv partlc preferred. 100
120
"
2812
2134
778
Va-Carollna
....6
1,500
llli2
*120
130
*6*2 :V 65s
1634
*1614
*24. .34
i 38 > 4
68
*"m.
-
157s
62
*102
110%
102%
60
,
*61
87
*105%
U
1959 F
-.1967 J
3s debentures
281.1
a
1,000
30
5
Victor Chemical Works
100
*2012
'
•4
' 19-
r
86%
109%
11%
*1414
*23
♦95
984
34
324
*144.144
34
V
*184
,'438
130
*40
*16
{{'Union Elec Ry (Chic) 5s...1945
1
424
45
♦59's 61
;53 .53
U
Union Oil of Calif 3s deb..
*24
44
68
15's
99% 101%
100
101%
Union Eleo Co of Mo 3?<8.i...l971 A/N
8I4
25*2
'
34
324
«
331.1
♦144, 144
4
•
3*4
33*4
'34
*«8
•
334
324
2
i
*16
*95
*14
*
99% 102%
100
*100
J
29i8
111
0112
*120
22
♦21
25%
*81
-
1949 M S
Trl-Cont Corp 5s cony deb
130
734
22
*75
9U2
..
*120
25'2
.fiitj: i2ia
1-131. a3i2
S
D
Vlck Chemical Co..a.
200
1%
13s
284
111
25
28
*75
'•
104% 105%
15
100%
101%
8
68%
69%
68
16
67%
68
17
67%
103% 103% ■■■:"A
52
J
184
53%
13 A
462
16%
5
7
11234 Jan 12
20
20
*194
1*8
35
*144' 15
107% 108%
109
1
105%
,86%
------
Oct
314 Aug
344 Feb
26
Sept
2'g July
284 Sept
1034 Sept
654 Apr
Dec
47
5
5
*19l,i
*604
"3
*84%
O
Jan
100
7% 1st preferred
20
*4'19'2
,
Tol St Louis A West 1st 4s....1950 A
Jan
1
Van Raalte Co Inc
70
*194
14
20
; 53494
100% 103%
110
*
'■
1054' Dec
194 Dec
464 Jan 14
5% preferred....:-..... 100
1
•
101% 103!
122
......
334 Aug
44 Aug
Dec
69
3
Jan 13
300
Vicks Shrove A Pac Ry.-.lOO
194
.
105%
110
5
.
10314
O
1937 J
■„
101
03%
07 A
Jan
June
10-4 8ept
Dec
58
434
Jan 19
Jan
24
834 Apr 22
19
Mar
9
65
44
102%
105%
105
105^
71
5534
119»4
Van Norman Mach Tool..2.50
64
761
*"*'•
88
Mar 10
500
*49l2
^
40%
,100%
17
103%
106
103%
vl
107%
108
105%
101,4
Gen A re 5s series C
Income 5s
f Third Ave RR 1st g 6s
-
'J.'
J
Tex Pac Mo Pac Ter 5Hs A...1964 M 8
'AdJ
-
A
m
O
1977
Third Ave Ry 1st ret 4s..*
-
M'M
D
Gen A ref 5s series B.
;
-
M
X
1965 M N
:
13i2
■
105
Dec
174 Jan 14
724 Jan 16
514 Jan 14
6
3
2
7
1154 Jan 30
414 Jan 6
*56
'*
•
105
108
Apr
4
»»» Jan 30
65
>14'.jv 14'2
92%
84%
86%
80%
-4
104%
109%
102%
184
Mar 11
1
2
64
*314
>
109% 111%
104% 107
30
•
102
*120%
244 Jan 25
Jan 20
*49lfe
'?"4*21«-
>92%
88%
79%
105%
'37* *
1
108
254
Apr 2 8
*56
.
83*
-
3
102
J
Dec
2
Feb
15
64
•!
86
76%
V
6
108%
102%
Ref A impt mtge 354s ser B. 1974
'
60%—69
•
108%
J
88%
r
83 :
82%
101%
J
Dec
4
30
22
85
r:>16' "184
? *95 v >98's
89%
61%' 70%
'
49
188
111
102 ;'•
A
Feb
514
204
87g
884
834
834
20
20
*19i2 20G
1912
19i2
*11412 115i2 *11458 116
*11414 116
30
30
31
*30
*30>8 31*4
6*8 * "0*2
a
67 %
J
Tenn Coal Iron A RR gen 5s.. 1951
82%
-
rSuperlor Oil 3^8 debs
1956 UN
Swift A Co 2»^8 debs........-196i M N
jTeim AssnStL 1st cons 6s.... 1944
Gen refund s f g 4s
!
1953
v.
78
*101%
101%
104%
-M
Apr
7
•
94 June
Dec
54
Feb
...100
'
27
<90%
i 35%
Oil of CAlif 2Hs debs...1966 F A "J,
Standard OH N J deb 3s...U_ 1961 J D
-2H debenture, t—tl.'J-L.-1953 J
M
'm
{Stand
t
A
-
:'}
24
:
Jan
9 43
Apr
>20
183
Feb
33
254 Feb
Apr
No par
Preferred
*50
♦25
80 %
25
1
111
Vanadium Corp of Am.No par
Vadsco Sales
20
5 DU
>
86%
85%
i 90%
*82%
82%
110%
105%
694
Apr
Feb
44
'
34 Jan 20
100
64%
-
48 :H >56%
48 •••
56 A
91%
i
•
104 Jan 2 »
900
'Y RA
-
126
70%
90%
67
■
; son
O
1951 J
1964 J
St Louis Dlv 1st g 4s
■
>
CISV July
374 Dec
170
634 Jan 14
394 Mar 28
1538
*56
•
J
So'wcstem Bell Tel 3%s B
|
A
...L—1996 J
,f 86
.
<
226
•
% 69 A 169%? i
J
guar 4U..1055
653
53% ,•55*
53% r 54 %
88
89%
fdB5
Dec
r
5
Jan
T2
25i2
*133J
65
*8*4
*21'2
57
56
54%
1
88
Southern'Ry 1st c0n3 g 63...-1991 J
Devel A gen 4s series A—-.1956 A
South Pac RRlst ref
48%
'■:l'7\
48>4 Mar^-4
172
Oct
July
58
164
KA
Sau Fran Term 1st 4»...?.1950 .4
«
50
50%
W
'
-
174
331
•
"55%
.....1968 M 8 ■'■BAA
Gold 4 %s..
64%
"56%
63%
.
~M~ 8 ""55%
111*4 Jan 26
15
Southern Pacific Co—
?
19
*25
60
*120
y
934
>16
*56
-
Dec
44 Sept
4
July
Feb
15's
*20ls
*494
*23
24
83
Jan
1434 Nov
Dec
251s
15
60
*75'
Jan
117
-
1'
65
*1%
Dec
Dec
6
Ailr
-7u
*494
♦14U
106% 107%
Jan
24
Feb 25
25*8
h
*56
*28'4-
103% 106%
51
Universal Pictures 1st pref. 100
60
*110
.
Dec
1004 Dec
84 Apr
Jan 30
Feb 27
344 Jan 27
374 Apr 17
58 ' Apr 28
4514 Apr 28
1084VUy 8
154 Apr 29
3934 Mar 27
»ii Apr 16
3s Apr 15
394 Apr 14
133s Mar 28
41
May 6
112
65
,
Jan
79
104
May
44
94
20
100
8% preferred
9
20
conv
...5
Universal-Cyclops Steel Corp 1
MM
150
41
1
United Stores class A
600
3914
*147
4U2
25
United Stockyards Corp
-f''
M
M
»s«
14*2
*4014
100
'
lsi#
*34
7„
*3458
*1314
•
43
v:
tim
*"8J
173s
*41 i-i
43
•r'-*S4-
473s
4634
*1634
150
*7il
50
a
1081a 100l2
17»2
*147
150
100
U S Smelting Ref A Mln.:t50
150
*25
1144
.
Nov
54 July
42
•
'
Jan 20
133# Mar 6
..20
33g Sept
7
2
Jan
par
300
*143
4
26
1114
*1912
5
105%
105
7'
99
60
Jan 17
23
214 Apr 28
24 Apr28
..1
10,500
8%
104% 106
:
64 8ept
51
''
Jan 16
87
7h Apr 2 8
Apr 20
May
; 44 Apr 27
34 '4 Jan 30
{U 8 Realty A Impt...No
600
150
20
*2778
*118'^
♦106^
1054'104%
3
42
U 8 Rubber Co.........10
62
*143
*7ie
204
97%
95%
Jan
22
May 7
264 Mav 6
Apr 27
4 Apr 17
40
42
26
*194
97%
99%
32%- 87*
100% 103%
101% 103
13
5
7
U S Plywood Corp..
6934 ? 1,800
150
15
2078
114l2
*28'o
28
U S Playing Card Co..---10
*56
8%
4
49
35
101
101^
Skelly Oil 3s debs..I.....'...1950
3%
-
34
1952
126
7%
96%
'98%
96
1961
....
8%
Feb
724
54
1064
154
44
f
34
159
A.'. .No par
*49'2
{'Seaboard
*
per share
24Ju ne
1-4 Dec
204 May
34 Apr
30Dec
■
27
400
1,000
Mar 27
35
30
400
69
41
26
*9
27
conv cl
U 8 Pipe A Foundry.';
2,000
'
*59
*143
15
9
*113
5
■i
14
2
Jan
■f*
Jan 10
Highest
share $
per
2-4 Jan 10
&
100
a
1 Prior preferred...100
200
*3878
463s 47
1095s 11014
*1634
*4114
..
*244
•lOIg
lo%
A
64 Jan 28
Mar 12
17
$
50
.'.; ' V- v.V:
Co:par
7% preferred-a
$ per share
■
15
28
17
11
24 Apr 17
774 Apr 9
.No par
„'.
"
465s
IIOI4
•'VJ'
"it
*24
-
W;
U S Industrial Alcohol.No par
U 8 Leather O0.......N0 par
1,100
165s
43
*147
9
332
10%
-.
Corp
5
54i% conv preferred...'..50
m
16%
150
*143
150
8
;
U 8 Hoffman Macb
M'-
62
•3812
173s
173s
♦41U1 43
*j4, r «»
*U35
h
♦3458 3914
14
*131.1
14
*42 "
150
4578
4
394
♦344
*13'.i
*147
9%
•'
U 8 Gypsum Co.....a.-.--20
2,300
'•
I6I.1
6978
3912
69 '
38
109
151#
..
1578
60
43
*34
*4
*143
1578
-38
17-4
*41
»i
43
-
47
150
2%
4%
82
$6 1st preferred.
3
U S Dlstrlb Corpconv pref .100
350
'
08-v 68"
110
174
,7w
394
14
1558?
59
1084
-
11041104
174
174
*414 43 •
150
17%
17%
10%
:
5
4
9H
U nlted Mer AManuIncvtc.l
100
.
59.
*143
99 A 101
44
•
7
9H
900
2,300
*•
3M
10D'ul0l4
1234 125
8%
7
-
:':••
1338
'
■
•
154 1534
674 6734
383R •383s
;•
<
♦13U
12 A
101 A 103 A
""39
2
•" 7 A
•
United Fruit Co....-..No par
United Gas Improv't. .No par
f 35 preferred-........No par
•
67
-
17's
43 *
,' *4114.
29 H
'
154
67:
46:'8 .--464
|l6'2*'
"ill "4"
"S7
16%
16%
16A
IH
V
1,700
Year (1941)
Lowest
.
.,1104 111
-'4
1234
♦16
16 A
A
United Eng A Fdy^........5
'W AM
M
11,500
97"
*957s
31i
M
33a
33i
1312
•
"
*147
0
'Certificates of deposit
ti'Atl A Birm 1st gu 4S...1933
S2A
75A
>:
46-18
•
51
IBVt
iv
1034
4
1945
78
,
75
101
2884
53l2
52 >4
37«
*79
83'2
21*2
'
96
.•
-1314
♦3's
*258
234
*27 :
'
•
»
?58 V4 60.
j
31
54
28
1004
■
4
160
44 Apr
14 Apr
364 Apr
34 Mar
284 Apr
504May
33., Apr
934 Mar
•113.1 Apr
...
67"4
>.f38 i f 39
S
1959 A
..1950
series A.
200
36'4
.
..
.67 <
r,.
>:S
52
3A
104
Oct 1949 F
;
V.4'2
-
•
'
V'834
*102
ioi"
J
M
If
27
754
51-
*24
104
10 H
{Seaboard Air Line Ry—
{'1st g 4s unstamped..... ..1950 A O
g stamped
*159
^ | l5l8^15'4
-
i
>804
.
274
Santa Fe Pres A Phen 1st 6s.. .1942 US
Scioto V A N E 1st gu 4s
1989 UN
♦Adjustment 53
{'Refunding 4s...
4«8
29
-
7
■f
•
*784
A
1943 J
3%s.__1970
1*48
2
36*2
•
82
164
74 4
J
K C Sh L gu 4Ms..1941 F
St Paul Union Depot 3%s B...1971 A
l
v i
166
.
i.
l
10 A" 16 A
206
•17?'
504
con g
.{{'St P A
'1st
174
174'
784
'
BOH
27'A
4s. 1968 / D
{'St Paul EGr Trk 1st 4%s._:1947 J J
'Certificates
16"
*:
'5
i.V> >V";
8 A A Ar Pass 1st gu
g 4s
San Antonio Pub Serv
2
Range for Previous
Highest
$ per share
5
39
37
•
45X
BOA
61H
1110A
11H
18A
17 A
AAA
455 ■yllA
17'^
'12 K ■I7M
88
•
154
•
'2d 4s life bond ctfs....Nov 1989
'Gen A
•;
55
224
17
•
'
IftZrtS
<
\
j8t Paul A Duluttt 1st
79
23
.164
"164
rim '164
164
8
I
t
2134
Par
'
*2i2
•78M
2U8
.
'*7'2Vj8 'J *712.
427s
424
-167
-
.
75".
>3
•:
16 %
1
a
75'
67H
42
864
>16 V?
-15M
J
•
......
204
234
794
..-'-
United Drug Inc
2,200
,
*-2 ?■• 09 A
•
•■•'
Shares
share
per
Lowest
„
*59
deposit.-.~a. —
i{St Louis-Southwestern Ry— i
*2t2
794
♦214
•
Range Since Jan. 1
On Basis of 100-Share Lots
434
"'*158
40
-
434
*158
•
*000 M 4%s series A..v..f. 1978 M
'Ctfs of deposit stamped....a.
{
734
734
84 4>
of deposit.
of
2
$
478
/778
77«
*7*2
77« /:734
*7>2
734
*424 >424
-42*4 ' 4234 ;>•' 4284 423.J
4234
4314
167
♦•158' ' 167
*160 • 107
♦160
167
*160
167
*44-. 5
5
*44
-*45* -5
5
5
*45s
*45s
*34. 4 39781 *34 ji 397s >34
394
*35
3978 *35 •*.' 3978 *35
3978
257s
26 M i 26
26
*2534 26
-254t" 2534
26"
2534 26
2534
I *24-i, 24 •; *24
24 •♦214
24
•"•••
♦23s
-234
25s
♦23s
*238
2'2
U'8 .i 89s 'i .*84-a 9
84
84
9
9
l>814!
*8'4- *9V
*8*4
*40312 109
1094 1094 *109
113
*106-; Ill's *105 " Ill's *105
Ill's
i 22%-: 229s >,224: 224 •>
224 224
> 22
" 221?
•22%. 2258
22U
22i2
f2578 V 26
*2578 26
28:
28
-27-v 27 1 "'27'- 272634 26'4
♦20
21
f 20 • 21
*•20:
21 1
20«4
21 - 21
20*4
*21
2134
?4 •>.*41
4
*4 '
'4
*4
lsi#
31
*84
»«I«
'A
S
♦
■
J
tPrior lien 5s series B.....4.1950 J
^Certificates
I
>159
60
'
■
*
♦Certificates
724' '
•'
43X *>434
J
1950 J
i
•'
v«
.1;
73 4
|
f
73^
J.
J
55
.
1959 \f s
pr Keif 4s A
434
...
,■
Week
»
;*44«'5
:>4v.-:V-
stpd... 1955 J
*''«-•
-
.«*"■
t
»■ 'Certificates of deposit a
4'StLL Peor 4NW 1st gu 5S..T948
1 ■
24
834
•
-
*74 " ,7941
i 5 43 i/: 43
914 964
1064 1074
3
»55-i'63'
f{'8t L-8an Fr
*24
83'2 >794
21U
20-4
•
,*204
•
0
(
2
14
.
V *79'S
4
EXCHANGE
May 8
$ per share
478
-
'!
fit Lawr A Adir 1st g 5s.>....1996 J
1 2d gold 6s.. i
s.. j-i-j. iv. i
1996 A
'{Riv A G Dlv
]178
47*
*1«8
...
107-"'
10k
m
-
25
■■74
Bt Jos'A Grand1 Island 1st 4Si_1947 I
St L Pub Serv 1st mtge 5s
«t L Rocky Mt A P 6s
$ per: share
■
944 " 95 "
*106 -• -107M'
1
$ per share
m.
fiaguenay Pow Ltd 1st M.4%s.l966
St. Louis Iron Mtn A Southern—
.14
•
•
8-r"0:
NEW YORK STOCK
the
Friday
Thursday
May 7
.
'
.
May 6
j
.
3
-
47s ■ 'C 478
*178^2
i :;V:i.'rt: vs:- .$'>,V
I
I
i
Wednesday
>39
407s -♦38.- 40
{39l2-, 4Q
40 V
44
4i2
4»2
44
44
44
*2,8 .4 29'a >28
294 -♦2a.
291
>2851
51
j 5078
5078
51
514
517s'
f
:
378..4'.8
J ,378
•: 4
4
34*
>334
: 95'ts
95%
95'8 954
954 954
95«4
>
13'8-1338 : 12?8 13'«
13J8
134
•I3I4
; *318 • 3'2
♦34
,34
*34
34
>3is!
r
100 A
1-15
15'4
-
*
May 5
S per share
1
•
!
1109H 109 H
'-2
Tuesday
4''4
44
$
39 ' y.4 53 A
12*"
26 A
>-*
1
•
12%
109109 H
S
J
1
'
v
....
109M : 109M
♦107M
tTnrvs
for
May 4
High
'
98
39
•
<.
S
J
<: i
'
*98M J '99^
524 •"'2
52 4 - 63 M
115
•r'«224 • 264 927
-524^
•
1st con & coll trust 4s A.i.1949 A O
Roch Gas A El 4%s ser D...:1977 M S
J
Gen mtge 3%8 series HI....1967 M S
g
No. Low -
High
Sales
Since
■'Jan. 1
03 co
i
t
1817
■■
i.
101%
102%
■
-----
100%
100%
100%
100%
100%
100%
100%
101%
100%
101 Y
174
104'
i
84
->
114v
,
54
314
*79i
18
1034
114
54--C 54
*304
'
18
104
*113 f115
31
*79
114
54
: 31;
'
:■
*5i8
305g
> 88,
*80
17 78
10a4
105s
114
-
*114
'
53s
31i4
•*80
'
*8
84
f
74
8
:
•:
778
100% 100%
303»
,
•85'
*5's
8:
■
*18
1034
1034
114
51,j
3034
..
514
3078
>79
85
7?8
8's
S.iii8.
1U2
...
4 i'
18
116
187«
18'2
11
ll's
115
*1131.1
511
3U2
84
*734
8's
lli2
*»1»4
5U
315s
*80
18>2
ll's
114
53s
32
85
25
1,000
Yale A Towne Mfg Co
2,600
-
Yellow Truck A Coach cl B..1
200
Preferred-.
600
... -
...
100
Young Spring A Wire.-No par
154 Jan 2
104 Apr 28
1114 Jan 3
5
Apr 23
194 Feb 4
134 Jan 14
1204 Mar 17
'
2,900
mmmW
Youngstown S AT_^__No par
5A% preferred series A.100
MM
7»2
77s
1,700
11%
1U4
*134
1158
Us
5,800
178
YouugBt'n Steel Door__No
294 Apr 28
78
Jan 12
104
1094
Dec
54
Dec
124
Dec
424
Dec
95
7'4 Jan 19
374 Jan 13
29
Jan 14
76
84
par
74May '8
124 Jan
Zenith Radio Corp.___Nb par
Zonite Products Corp..
.1
834 Feb 19
14 Apr 23
124 Mar 30
24 Jan 26
5
Dec
120
Jan
Jan
Jan
Aug
94
Dec
,184
Jan
8
Dec
154
Apr
14
Apr
34
Oct
'
For footnotes see
^
page
i
1818.
,
v„- V;
i 104
• .
n'}.
..
5
*14
104
•
2
i.i
IU4
.1148
*142
*178
2
.104
|
.
•
'Bid and asked prices: no sales
T Cash sale.
s Special sales.
Us
on
x
US 1
this day.
Ex-div.
y
200
1
{ In receivership
f> Name changed from Union Premier Food Stores,Tac.
Ex-rights.
If Called for redemption.
-.
..
a
Def. delivery.
.
--
n
New stock.
THE COMMERCIAL & FINANCIAL; CHRONICLE
Monday; May 11, 1942
NEW YORK BOND RECORD
Friday
V,
..
STOCK
N. Y.
Last.
BONDS
v
EXCHANGE
Railroad 8c Indus. Cos.
United States Steel Cor^
(Con.)
*100
101
10154
101 101)4
101
j
/
*100
*100
*100
*100 >4
<
2.55s——.—
*Des Moines Dlv 1st 4s—.
101)4
—..May
qtge lnc 4%s series
1
.
,
*10)
l »Ref & gon
109 %
3)4s ser B
.Oonv deb
---.
27)4
-
69
7554
,..——.,1955 4 O
-1948 M S
debs
91
'
,
'
27 V
,8
24
" 28
27)4.; 13
23)4 28 %
27)4
i 24.,»27)4
26 )4 t*28 j; - 24
28
70%
75
——.
88
26
26
8754
88)4
2
28
Warren RR 1st
——4
,
1.2006 F A
ref gu g 3 %s_
Washington Cent 1st gold 4sr .1948 Q
10654 109
Gen
5
3%8——-—-.1967 J D
Power 1st 53 E——1963 At S
3Hs series I.———1966 J ■ J
mtge
West Penn
{Wabash RR Co—
§»lst gold 58..
1st mtge
i
1-
l8t'4s..—_1952 A
ref 5%s series A—-—..1977 J
Y A Pa gen gold 4s.; .1943 A
Western Maryland
♦Ctfs of dep (reorg mgr)
§»2d gold 5s
—.
♦Ctfs of dep (reorg mgr)
1st &
West N
O
J
O
1955
3)iIf.-i.——.4.1947
37,
■
37
1
Vzlfts? -vM
4.--.: *101)4 "104)4
3i
26H
29 Jf
27 %
> 28-
-
12154 •it-.u:
—5 *120)4
—
109
J
t
107)4
40
109.
'. 110H
•
.
....^
102)4
102)4
< 34
'V17
:1
45)4
19)4
45%
20)4
15)4
Wisconsin Elec Power 3)4*-—1968
110
Wisconsin; Public, Service 314s.1971
17%
'
*106)4
{♦Wot & Conn East 1st 4%s..l943
110
107
•12
15%
Youngstown, Sheet A TubeConv deb 4s..
.
119 ;, 121 >4
88. 91 )4 i i
97 54 102 >
102)4104)4
......
list mtges f 3%s8ec D—.
Deferred dellverysale not Inoluded In the year's range,
a
69)4 "83 :
104)4 105)4■
107)4 •vt'.l '107)4109 •
109?• " I
107)4 110
110)4 iw-1
110
11154
90 54 >.8954 - :D054
100 )4 -V 99 54
100)4
44)4
.t
88)4
*9854..... t
.
{•Wis Cent 59-yr 1st gen 4s..".1949
f ♦Certificates of deposit
:§*Su A Du dlv & ter 1st 4s. .1936
f
•Certificates of deposit.......
...
.
M
Washington Term 1st gu 3%s.l945 F A
1st 40-year guar 4s.:.,... —1945 F A
Westchester Ltg 5s stpd gtd—1950 J
D
-23
83)4
•
99)4;
99)4
-:2
99
101
99)4
100 ' u;56 ,>95 < 401 -V
105)4 '102K-1084
129 - 81 i 106
4
103 ii
105)4- jf 16
98 V, 105)4
100
91
Deposit:receipts..-4
)
i
i
:
26%
*25)4
';•! 25H
•
f
27.
;
r
'
1954
Winston-Salem S B 1st 4s.....I960
—
{§*Warren Bros Co deb 63—-.1941 M S
110)4
3s
Wilson & Co 1st M 4s A
J
-
(assented)....
1955 <4 O
Warner Bros Plct 6s
Cons Sf4s series B.;
Va Elec A Pow
'
Alia series C--^-lU7$ A O ."-.'•--i -mm 25*4 i-- : 22)4
25% v: 24)4
25 )4 '#82 ,22)4
(assented)—
26 ;
: 26
v
26 %
29 .22)4
5s series D
1980 4 0
6s debentures,
1955
1957
1968
iVa Iron Coal A Coke 1st g 5s—1949
Va A Southwest 1st gu 5s.;
2008
1st cons 5s
1958
'Virginian Ry 354 series A
1966
Vandalla RR cons g 4sseries A.
.1960
Wheeling & Lake Erie RR 4s..l949
Wheeling Steel lBt 3%s ser B..19G6
♦Ctfs of deposit
♦Ctfs of deposit
—1951
—
—
__ _
] •Ref & gen
'
i
5s
West .Va Pulp & Paper
■
i ♦Ref gen 5s sqrles B.
1976 F A
:*Ctfs of deposit (assented) j—.
i
Asked
dk
....
-
;
95
93 H
Walworth Co 1st M 4s
i
....
{♦Wabash Ry ref & gen 5%s A -1975 At- S
♦Ctfs of deposit (assented)',...
v
•m*
1951
Utah Lt & Trac 1st & ref 5s
1944
Utah Power & Light 1st 5s..—1944
United Stockyards ilia w w._
'
•
,
Bid
Westlnghouse El A Mfg 2 %b. .1951
West Shore 1st 4s guar.......2361
: Registered...
.—.—. —2361
y
J
*Gen
Range or -'
A. 1946
1946
ser
.•
;25-year gold 6s.
; 30-year
-,
B.1991 J
Gen mfcge 4s series A...
.
'"m Friday's
Price
Week Ended May 8
{♦Western Paclfls 1st 5s
J
4
101)4
;
,
i*5s assented
1941
1971 J
1981 /
__
Sale)
>.Railroad & Indus. Cos. (Concl.)
j-:*.^
:
:
series A»—,i»
Last;
bonds
Western Union Teleg R 4%S—. 1950
♦Ctfs of dep (reorg mgr)
1st mtgft 4s
a-v.---
N. Y,STOCK EXCHANGE V
...
•
101
101
-Range-;??
ViWSSftCtrF'.#
tXfyanZ I,'*
1941
♦Ctfs of dep (reorg mgr).
101)4
*100
*100)4
1 1954
1 1955
————Nov
2.65s
*100%.
■Friday'9i)
<\
♦Toledo & Chic Dlv g 4s—
101%
101)4
*10054.
•
>
♦Omaha Dlv 1st g 3%9i--'._
V
101
101
;
Week's
Friday
Range .or-
SaZfl
Price
mgr),—1939
♦Ctrs of dep (reorg
■
1951
1952
1952
1953
..—NOV 1 1953
May 1 1954
2.60s
j
Fast.
gfc
*Det & Chic Ext 1st 5b~«
\:'xV
♦Ctfs of dep (reorg mgr)—1941
;
r
101
101)4
*100
'f 2.30s..——
Nov 1
:*2.358'.—„4i—i..-May, 1
2.40s...
Nov 1
2.45s
.—.May 1
2.50s...
-S3
.
*Ctf8 of dep (reorg. mgr)_i—
!.■
■
-
•'
BONDS.
.
Y. jSTJOCK EXCHANGE
Week Ended May 8 v \
N.
Jan, 1
(Con.)—
(Concluded)—
1.95s—
...May 1 1948
2.00s.—-Nov 1 1948
2.05s_.——..^-May 1 1949
2.10s
.—..—Nov 1 1949
2.15s_.—...—-May 1 1.950
2.20sNov 1 1950
2.25s—..——.May 1 1951
Week's
Friday
■
••"./v. :
Range-/
Since "
i Railroad. & Indus. Cos. (Gon.h i W
ftWabash RGL Co. (Concluded).— '
♦1st lien g term 4sj
1954
Serial debentures
■
3
Week's
Range or 4
.Friday's
Bid tfc Asked
Price
8
Week Ended May
-
.
Salei.'-
sale not Inoluded in the year's raugo.
year's rango.
d Ex-Interest, e Odd-lot
.<n.Under-the-rule sale not Included In the
Cash sale not Included In the year's range.
r
.
*
,
I Negotiability Impaired by maturity, t The price represented Is the dollar quota¬
Accrued Interest payable at the exchange rate
tion per 200-pound unit of bonds.
of $4.8484.
yyyy:
{ Companies reported as being tn bankruptcy, receivership, or reorganized under
Section 77 of the Bankruptcy Act, or securities assumed by such companies.
*
Friday's bid and asked price.
Bonds selling flat.
<<
'♦
No sales transacted during current week.
NEW YORK CURB EXCHANGE
YEARLY
AND
WEEKLY
RECORD
disregarded in the-weefc's rangei uniesa they are ;the only .transhctipnsifof^jthe*week; ahd when-selling outside the regular weekly range are shown
occur.^ No account is taken^^of sucH^ sales in computing the rhnge; foiy^'the:^^yearfcy :
;
i
•
.
NOTICE—Cash and deferred delivery sales are
week in which^^ they
in e footnote in the
i
In the following exteiisive list we
last
(May
1942)
2,
and
tended; to include every
It is compiled entirely 'from; the. daily reports of the Curb Exchange itself, and is in¬
inwhich
secusityywhether^'Stock or^^bond,
any
Weeks'
Last
Sale
Range
of Prices
Price
Low j
High
i
CContinued)
Shares
I
—1
Common
Acme WDe
Co common.10
AeroSupply Mfg Class A.l
I
1»
•_
■
Corp...50c
common—.2
preferred-.--—10
^
i
Assoc Laundries of
Mar
8%
Feb
Assoc Tel A
Jan
Apr
1%
Jan
Atlanta Birmingham
154
Jan
j
Apr
20%
Apr
Atlanta Gas Lt
jan
Atlantic Coast hdsherita—1
20 %
"
Appliance—3
Gt aouthern..50
Power Co $7 pf.*
Alabama
Alabama
$6
8354
.
com.—*
Investment..-:-*
j
Alles A FlBlier lnc
Allied Intl
,
.
v
ru
lw. Mar
54- May
75 % May
94 — Apr
;
___
prefcried
Alliance
..
20
2%
1
Apr
83 t;Mar
107
Feb
%.
preferred..—;-*
Allied Products (Mloh).-lO
Class A conv com—-25
Altorfer Bros common.—*
Aluminum Co common.-.*
g-4
6% preferred.. —— .100 100%
Aluminum Goods Mfg.:.*
Aluminum Industries com *
•_
Aluminium Ltd common.*
7§
6% preferred
100
American Beverage com.. 1
American Book Co
100
Amer Box Board Co com.l
American Capital—
r v
Class A com
— .10c
Common class B
10c
$3 preferred,
*
$5.50 prior pref
—.*
Am
deprcts ord reg..lO«
.
.
*•'.
:$6 preferred.....——*
Brown Rubber Co com.. 1
\ -
t
Bruce (E L) Co com moo .'5
Cq. ^50
Corp.—1
Atlantic Gcast Line
Atlantic Rayon>
Jan
Jan
Jan
Atlas Drop Fcrge
Jan
1%.
Feb
Bruck 811k
Mills. 14d..-*
Atlas Corp warrants.—
2%
Dtetlllefs.l
Brown Forman
6% pf-100
>.
,
..
1
*
Class A preferred
A
pret.J.100
Coast RR Co
;
Brown Fence A Wire com.
Tel class A..*
Apr
97
Atlas
—50
Buckeye Pipe Line
com—.5
Plywood Corp- j.—*
Products——it
Buff NlagoraA East
Pow
^
25
$1.60 prelerred—
$5 1st preferred. —4. —*
$3 conv
______
£1
British Col Power cl Aj-.*
Automatic
Investing—
—
regr—£1
British Celanese Ltd—•
preferred.—*
Amer.*
Mar
Mar
1.
«
Air-Way Elec
;
$5
A..^
5%
.
-
154
_
,^-1..-
—
Class
5% May
Air investors
Warrants..
f
5%
>.4
if Aircraft Access
Conv
Feb
Jan
4%
Alnsworth Mfg common. .5
Air Associates lnc (N J) —1
'!
22%
Jan
Mar
20
—;
.
i
Class B——
Jan
-
Am deprota crd
'l-T
° v'
i
A utomatlc
Voting Mach...*
F) A Sons com.6
6% prsferred w w.^..25
6% preferred x-w_4--25
BuDker Hill A Sullivan 2 50
W ar rants
Burrjt Biscuit Corp.. 12%o
Avery (Bi
Axtou-Eteher Tobacco—
:
Class A
Buroo lnc $3
pref——...*
Burma Corp Am dep rets.,
'
common——.10
Ayrshire Patoka Collieries
1
______
Cable Elec Prod com..50c
______
<
50c
Yot trust ctfs.—
Cables A Wireless Ltd-
______
,
■
:
______
Babcdck A Wilcox
Purch ,varrant8 tor com.
______
Amer
Central Mfg———1
Amer
.
Cities Power A
Conv
class A
Class
f
A—
Co cora.l
Baldwin Rubber
Steel—1
Barium 8taluless
Lt—
^--25
25
B.
1
Cyanamid class A.10
Class Bn-v...
10
preferred.—-30
7%.
Barlow A Seeltg
\\
Class
California Elec Power... 10
Calllte Tungsten Corp.—1
Canada Cement Co
Ltd.*
Canadian Car A Fdy Ltd—
Mfg-r
A com....5
Basic Refractories Inc.—1
$1.20
Estatp..20
Calumba Sugar
Baldwin Locomotive—
)
______
Am den 514% pref she £l
Co—2*
conv
7% partiopreferred...25
Can
Baumana—See "Ludwlg"
Colonial Airways...1
Name changed to
Amer
29"
Beau
BrummellTies Inc..1
com..10
pref......20
Corp..—1
Bcllanca Alrcra ft com. .—1
Bell Tel ol Canada——100
Benson A Hedges com...*
Beaunlt Mills Lnc
f Amer Foreign Pow warr_.„
<".f
Colonial Airlines
Canadian Dredg A Dock.*
$1.50 conv
Beech Aircraft
; Amer Fork A Hoe com...*
American Gas A Elec...10
preferred—...100
Genera! Corp com Uc
454%
!
Amer
$2 conv preferred
90%
1
preferred
Conv
•
1
$2.50 conv preferrrd...L
______
'
!
Amer
i
6%
25
Lt A Trac com
Foundry
coin——*
J (,ClassB
Birdsboro Steel
BUb8
Blue
__^
common———*
(E W)common
1
Ridge Corp com
1
Blaurier's
*
,
I
'
1%
_
3a.
1st $8 preferred,..
American Thread
■
5% pf—5
Paper com.*
Anchor Post Fence :
2
___
.
Carolina P A L $7 pref.—*
$6 preferred
*
*
$3 opt conv pref.--
___
Carter (J W)
com-.*
7% 1st preferred—100
Borne Scrymser Co——-25
Bourjois Inc.—.—*
Casco Products
Appalachian Elec Power—
*
Castle (A M) common..
•
10
'-i
Catalin Corp of Amer...;i-
*
Cent Hud G A E com,
*
Cent Maine Pow 7% pf 100
7% 1st preferred-100
Cent N Y Pow 5% prer. 100
Cent Ohio Steel Prod
1
Bow mam-BILtmorc com...
'2%
4___^_
___H;
Co common. 1
BlumenthaJ (S) A Co,—.*
______
Amer Writing
Angostura-Wupperinan
.1
Apex Elec Mfg Cocora...*
.'.I...—*
Carnation Co common...*
Carrier Corp-common...1
Am Superpower Corp com *
*
$6 series preferred...:.*
Carman A Co conv cl A.—*
A Machine Co.
Bohack (H C) Co
!
'7%. preferred...——100
Marcout.
1
C>Pltal City Products—.*
1
Preferred
100
j Amer Maracalbo Co—
li....._
Petash A Chemical.*
American Republics——10
Amer 8eal Kapcommon..2
vot..^——*
Canadian
9
I
Amer
'Class B non
Furnltiire.l
common...*
$2.50 preferred
—*
preferred
25
common.100
Amer Meter Co
',Class A voting...—...*
Canadian Industries Ltd—
Blckfords Lnc
Amer Mfg Co
:
Canadian Indus Alcobci—
Berkey A Gay
Amer Hard Rubber Co..25
Amer Laundry Maoli—.20
t
s--;-*
$5 2d preferred--'—*
Brazilian Tr Lt A Pow
*
Corp common'——1
Breeze
preferred..—.100
Cent Pow A Lt 7%
pfd 100
Arkansas Nat Gas com...*
Common cl A non-vot..*
6%
preferred
....10
Aro
Cent A South West Util 50c
Cessna Aircraft Co.—.,.1
Brewster
:
,
Chamberlln Metal Weather
54
......
......
Arkansas P A L $7 pref...*
Bridgeport Machine.'
*
i
Preferred
L.100
Brill Corp class
Equipment Corp..._1
Art Metal Works com....5
Acrouautloal—.i
Bridgeport Gas Light Co.*
4%%
Assoc Breweries of Can..*
For footnotes see page 1821
7%
*
5
Strip Co.........
%
j
(
■
Charls Corp common...10
:*
Gherry-Burrell common..5
preferred—...L_ 100
Ghesebrougb Mfg.'..'...25
Chicago Flexible Shaft Co 5
Class
—
Ashland Oil A Ref Co.—.1
A.—!
B.—
Brillo Mfg Co common
Class
A
*
.
Chlcittro Rivet A Mach...4
r
.4
Sales
Week
Price
Shares
.Am deprcts ord bearrr
Elec—
<
of Prices
Low
High
Sale
(Continued)
Brlttsn Amer Tobacco
regat—i.'i
Amer dep rets
STOCKS
for.:.
Week-
British Amer OU Co.—*
Associated Elcc Industries
,
of Prices ■!
Low
High
..
Friday
Week's Range
Last
Sales
'Week's Range
STOCKS
for
Week
J Associated Gas A
:
^
jdealinga^
Sales
Friday
Exchange for 4he weekr beginning oa Saturday
furnish a complete, record of the traiisacUons oii^the^N^w^vYorkr Gurb
ending the present Friday (May 8,; 1942);
?
for
Shares
Range Since Jan. I
;
*
i
"
.Volume 155
Number 4071
•
,THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
Fridfly
Sales
STOCKS
Last
Week's Range
Sale
of Prices
Low *
High
Week
Price
f
Consol Mining....1
Chief
C'hllds Co
in
preferred.,-.100
11
10%
2 >4
$6 preferred......
*
Mar
31
|6 preferred BB—...—*
S3
Feb
55
Apr
Apr
52
Par
preferred
conv
Eversharp Inc
Jan
50
S6 preferred
;*
City Auto Stamping
*
City & Suburban Homes 10
Clark Controller Co.——1
52
40*
Apr
40
Apr
82%
Jan
Jan
'•4%
Jan
Falrchlld
6%
Mar
FalrchUd
52
j
4%
6%
82 %
Apr
Cleveland Elec
r
15
:77%
5
Mar
5 "
25
•
m-
m
Mar
Apr
Mar
Jan
Cllnchfleld Coal Corp.. 100
■■'-■r
Range Since Jan. 1
Low
1,900
13%
14%
Apr
*
523
35
-
*1#
Price
May
16%
Jan
2%
Jan
Apr
Jan
2 %
2'2
Apr
2 %
Jan
19
2%
4%
Fire Association
Apr
Mar
7%
1%
Feb
6%
5%
1,300
'
6%
,
5
3%
6%
%
4y<
Cobnlal Airline*........1
a
Colorado Fuel & Iron warr.
1.%
3
1%
1%
Mar
Jan
International
Mar
7%
Jan
Coupon shares.—.t
Registered shares.....*
International Products...
Apr
61
22
18 &
Jan
May
•
Apr
•
Apr
1%
Feb
%;:••' 1%
Fort Worth Stock Yards..t
3
2H
72%
34
noh-vot——..t
12%
Columbia Oil A Gas
.1
Commonwealth A Southern
£
Apr
Jan
..
1 H
Apr
H
%
%
H
;
Jan
....
r
Common..]
64%
Jan
71M
Jan
"
%
•
Jan
18
8%
,
"44"
$3 preferred....
Common..1.....,—...*
preferred...—.iUO
1 v'i
Jan
1%
1
Jan
39^
106%
Mar
1%
52%
Apr
114 %
96%
Mar
102
1%
101
100
1%
25%
Jan
3
1H
28%
1%
28%
Jan
Mar
May
Mai
Jan
Gen
Gen
10
1%
4%
4%
4%
1%
Flreprooflng com....*
oi"
Gen Outdoor Adv
61%
60
61 %
Jan
Apr
88
20
"ei"
TO.
Jan
7%
12%
k
Cook Paint A Varnish—
Cooper-Bessemer
7%: Jan
coin..
6%
■
;
Jan
8%
100
Feb
5%
Jan
Gilbert
hi
Jan
%
Jan
Reynolds.... 1
%
Jan
Apr
Corroon A
Jan
70
$6 preferred A...
34
6%
conv
1
1
91
.
2%
2%
i2%
2%
May
16%
5%
%
Jan
Feb
Crown Cent Petrol
12%
4%
4%
(Md).5
Drug Co
lo
Jan
Gray Mfg Co
Jau
13%
14
15%
3.600
14
Jan
8
Jan
:22
%
1
47
.25.
7
Q%, preferred w w^.:2q ;,—.^
May
100
Jan
25%
25?
25
Mar
Jan
'si
V
.
'•'X;. %
100
23
350
23%
Feb
3%
Jan
4%
Mar
2% May
3%
Jan
:*'7:v
28
*"26
55
«•
m
»
«•'«*
«• »
%
2
16%
.-
Jan
Feb
2 %
Jan
Feb
I
Feb
7%
— ...
-4%
Hormel (Geo A) A Co
'
•
7
%
-Jan
.7.
7}f
X
43 i
41 %
:
26% ,22%
■
16%
8%
100
300
150
•
6% preferred
M May
52%
33
&>-.-%
12% RApr
+
Jan
17
12%
Apr
ZL-, A Jan
2%
2%.
Jan
Mar
17
I ■"■■■
Elec Bond A Share com..5
$5 preferred...:.—-•*
42
86 preferred.—...'...*
1 %
•;.42 ;-
45%
48 >
%
38
;
.
Apr
Mar
%tv Apr
Jan
Jan
Jan
8%
5%
50
21
67%
?
\ 6%. Jan
.+
'i«
;
Jan
"15" ."15"
4%
4%
4%
Elgin Nat Watch Co.. .15
26
Emerson Elec Mfg..;...4
4%
65%
Empire Diet El 6% pi 100
Empire Gas A Fuel Co—
-
Feb
Apr
5%
81
Apr
81
Mar
.
85
00
87
103
82
Margay
•Marion
110
89
115
'
85
Mar
Apr
Apr
18% .Apr
5
Jan
105
20%
5%
Jan
Jan
-
Jan
4_%
Jan
100
%
19?^
20
2
Apr
24%,
Apr
23%
F'eb
1%
May
2%
Mar
4
3%
Apr
4%
Jan
Jan
Feb
102
Apr
10
Mar
12
Apr
Jan
23
Mar
Apr
l
16%
%
Jan
1%
*25% ""Apr
1
Jaa
1%
27
Mar
Jan
Jan
1%
10
Jan
Apr
10;..
*
Shovel...*
2%
2%
Apr
2%
Apr
3%
Apr
Corp
%
Jan
Feb
1%
Feb
May
Mar
Mar
t C—!•
v
Mai
;
Apr
McWllllams
Mar
:
,i.
•
Jan
27%
112
1%
Jan
55%
55%
55%,
Apr
55%
1%
1%
7%
16ii
Feb
6%
Apr
1%
8%
7
Dredging...*
'A
*
102
3
Jan
Mercantile
Apr
Merchauts &
Mar
4%
5
-
■
14
3%
-
-
18%
4%
Jan
2
Jan
12%
:
2 %
Jan
25%
Feb
i
110%
«16
1)
6.%
200
Apr
2%
5%
Mar
6
Mar
•
•>Preferred
Class A
Jan
Jan
Apr
Jan
1%
28
Apr
Apr
101%
Jan
%
3%
Jau
106%
%
Apr
4%
Apr
1
%
7%
Jan
Feb
Mar
6%
Jan
8%
4%
7%
Apr
5%
3
2%
Mar
1
%
%
Mar
Corp.com—5
v t
a%
2%
Apr
4
8
Feb
;
*
$2 conv preferred^
Feb.
Mar
Jan
Jan
8
2%
c...—
Midland Oil Corp—
M ar
2%
Jan
%
Class B v t c..—
Middle West
8%
Apr
%
Jan 115,;;,.Mar;
1% Feb
Jan
Middle States Petroleum—
'
Jan
7%
6%
26
13
...—-.10
Jan
'•
Jan
1%
25c
Micromatic Hone Corp.. 1
■
5%.
29
Feb
1-ivv?
Metal Textile, Corp
Partic preferred
:
Mar
9 %
400
Jau
Jan
3%
Mar
94
; «i6
MIohigan Sugar Co-—
Apr
I
6%
Jan
3%
20
5.;
5
iio"
Metropolitan Edison—
Apr
16%
6
126
su
Messabl Iron Co
V
Apr
%
20
Apr
Mar
Warrants.....
Feb
*.e
Feb
3
Mfg cl A..1
6%% A preferred—'-10U
.;
.2%
90
18
Merrltt Chapman & Scott *
Jan
%
v2%
102
com..*
Participating preferred *
May
v
-
Stores
Mar
46%
4%
7i»; Jan
•;<
Jan
Feb
Midland Steel Products—
•
3.%.
4
$2 non
oum
Midvale Co
dlv shares.*
common
Mid-West Abrasive
90%
90%
J4%.14%
15
15
83%
Apr
12
Apr
Apr
12
*
50
May
14
May
41%
Jan
% May
1%
Jan
12
25
7
Jan
Jan
Jan
Midwest Oil Co
—10
5 %
18
Jan
Midwest Piping & Sup...*
13%
Apr
Apr
14%
May
18%
Jan
Mid-West Refineries.-,-.1
1 %
Jan
2%
Jan
107%
;
Jan
97
page 1821.
Feb
m
15
97%
$4 preferred..
'...*
McCord Had & Mfg B_..*
Apr
51%
■
A; Ireland...£1
7% preferred
Jan
Feb
%
14
Apr
14
■
Imperial Tobacco of Great
Indianapolis Power A Light
;
5%% preferred,.... 100
Indiana Service 6%- pf.100
: 16
Mar
Mar
16
3%
97%
Jan
13
49%
.
Registered..:;.;..;.^,
Lhie——-7%.
F'eb
6%
16%
1%
Massey Harris common..*
5% Mar
110%
Imperial Tobacco of Can.5
Feb
Oil
Steam
Mass Util Assoc
Mar i
21%
Am. dep rets regiSi—£1
Indlaua Pipe
May
15
*
Mempliis Nat Gas com..5
Imperial Chemical Indus-4-
Jan
110%
95
!
Apr
%
11%
16%
100
Mead Johnson & Co
preferred—\50
i__,
Feb
r
00
6%
Communication Co Ltd.
Apr
27%
Jan
105
•83
Jan
6%
May McEwen Kaiser Co—
"Dlv arrear ctfs
Britain
6% preferred-.:.—.100
Feb
27%
."".g'C,
12
14
Jan
28
V.
77 H.
'
13
lie
Feb
9
Apr
Feb
»16
6
Mapes Consol Mfg Co...*
Mar
-
14
:
-
Imperial Oil (Can) coup..*
Electrographlc Corp.....l
Jan
Jan
5
1st pref).j..100
Marconi Intl Marine
67% May
1% Mar
Illinois Ztnc Co.-..
''
Jan
Apr
Apr
75
'*
$6 preferred.—......
Michigan Bumper Corp..li
Michigan Steel Tube—2.50
conv
1%
10%
Jan
13%
11%H%
Mangel Stores...——.—1
$5 conv preferred..;;.*
Mar
3%
Hygrade Sylvanla.
't 6%
Jan
Mar
-3%
Manatl Sugar opt warr
Apr
Apr
Apr
Jan
1%
60%
63%
Apr
;
,.2%
Elec P A L 2d prof A ...::*
Apr
•
•
40
Mar
...
Conv 7%
Apr
'
,
Apr
;2%
>16
25
Common..;....,
j,.
3% May
200|
-
Co—*5;^....:
Illinois Iowa Power Co..*
-
13%
16% May
1% Mar
Mar
2,100
Jan
2%
Apr
Feb
Mar
Huyler's com.._Ci.—. 1
V 10 for 1st pref
Jan
F'e
0%
Long Island Lighting—
Jan
10
Hummel-Ross Fibre Corp 5
Hydroy-Electric Securitlre. *{■;
Hygrade Food.Prod.%i.t5''j—
Marl
24
''Lone 8ta* Ga» Corpa..;.,*
Horn (A C) Co common..1
Jan
.
22%
Jan
Jan
4%
"5% "5%
Lit Brothers common...*
Locke Steel Chain—
5
Horn A Hardart Baking.*
1%'Jan
Jan
■%,
•
100
25%
Horn A Hardart...'.—..*
Hussmauu Ligonler
'
s.% May
41 i
Apr
20%
Apr
■>
■'v
see
1%
com*
Apr
Mar
Lipton (Thos J), Inc—
Mar
: '•
Mar
Economy Grocery Stores.*
Equio..5'
1,100
6%
-
Jan
2%
May
LudwigBaumanA Co com*
8%
67%
Jan
3
1%
9%
—
Jan
1%
21%
Mar
9
13%
Oil Develop.-.25
Line
Apr
May
16%'
3%
Jan
43%
Feb
Jan
6
Le Toumeau (R G) Inc.-l
Material Go..—5
Jan
Jan
L-
7
100
4
%
Holophane Co common— *
Horder's Inc—: J,-vi—*
70
Apr
May
5
5%
Conv. preferred
40 .'
Holllnger Consol G.M.,.5
:
24%
4
2%
200
-
26%
4%
1%
26%
...—
Hoe (R) A Co class: A... 10
..
Feb
2%
2%
Conv 7% lst'pfvtCwlOO
Lyuch Corn common.. ;.5:
Hubbell (Harvey) Inc.—5
Humble Oil A Ref—.£.—*
series A..*
V $6 preferred series B..}.*
Easy Washing Macb B_.»
For footnotes
«ij,
35%
7%
Feb
2%
6%
Jan
24%
*
...
-**10
5% preferred. —.—.100
Corp....:*
Emsco Derrick A
-40.
•
21%
Apr
»ti
%
87 preferred
8% preferred.......100
Empire Power part stock *
3%
^
Mar
Jan
5
Lehigh Coal & Nav..,..
Apr
15
40-
—2
67
2%
24%
Louisiana Land & Explor. 1
Louisiana P & t $6 pref.*
:--•%•-%
-1 %
1%
--25
25
110%
Feb
13%
ClassB
f
Feb
200
*
Preferred....—
52%
Apr
92%
2%
Henry-Holt A Go par A..*
Feb
Apr
63
63%
Malleable Iron.25
6%% preferred.
.100
7% preferred.......100
h
Mar
91
Hey den Chemical
10.
Hlldock Products...— 2%
6%
4 %% prior pref...—100
6% preferred—----100
O ptlpn w arrants
tm
Feb
Apr
Apr
Jan
1%
Eagle Plcher tead—10
East Gas A Fuel Assoc—
V Common:--—.——<-*
Eastern States
OliiSS' A
Jan
|3f
e
Helena Rubensteln
Mar
7%
Mar
Duval Texas Sulphur—:»
Eastern
Jan
19
Mar
no
■
r
Feb
24%
1,300
lOO"
Or
.*
Corn,-
4%
Jan
20%
Corp...-..-—--*
Co
10
Driver Harris
-
Apr
%
27%
common.—14—....
5%
Apr
4%
H
Mar
6%
Paper.,...10
10%
Feb
19
2
Jan
>16
30
86 preferred;-:-V:*
6% conv preferred—50
Hecla MlhlnK CO'-—:25e
Apr
Feb
Apr
Lefcourt Realty common. 1
Hewitt Rubber common. .5
Hosiery cl B com *
Corp common.1
Class A
Jan
Jan
Feb
»n
Mar
Mar
3%
Dominion Steel A CoalB 25
Durham
29
Hat Corp of America—
..
Duro Test
>
Jan
Hazeltine
Mar
Langendorf Utd Bakeries
Mar
83
Heller Co common
63
28
131
Jan
13%
.
7%' preferred..;
100
Dublller Condenser Corp.l
Duke Power Co
—100
Jan
Apr
Hartford Rayon v t C....1
.f
Dooeckmun Co common. 1
Dominion Bridge Co Ltd.*
Draper
Apr •r-1%
>
Feb
HaH Lamp Co--.——-5
Apr
Feb
97
Jan
'
3%
"
Lackawanna RR (N J).100
Mines Ltd.,I
7% pref class A..... 100
Jan
Jan
11%
'iiU'iih
10%
'
3M
58
Hartford.Elec Light.'.-,25
1%
•'
2%
Lane Bryant 7% pref.. 100
Lane Wells Co common.. 1
Jan
124
Harvard Brewing Co——1
f
i
50
Lakey Foundry & Macb—1
Lamson Corp of Del
.5
25
B non-vot
50
'
12%
Lake Shore
Apr
6% pref class B
Loudon Packing...;
Feb
Jan
87% May
Feb
125
Hearn Dcpt Stores coin..5
:
Feb
DU'co-Twin Truck com..l
,
Feb
v
18% Mar
% May
7% preferred
10
Diamond Shoe common..*
t
Jan
9
62% .64%
Mar
8'
Apr
1%
Detroit Steel Prod..;:.10
D« Vilblss Co common.. 10
•?
12%
130% 130%
Mar
May
1%
49%
7 Feb
.7
17%
Detroit Gray Iron Fdy.-l
Det Mich Stove Co corn—1
t Detroit Paper Prod—..1
2%
50%
88%
50-
1st pref....100
conv
32
"2% "2% **"703
JGuardian Investors.--—1
—'—2$
Jan
105
Apr
47
!
47
Detroit Gasket A Mfg...l
.
Jan
Mar
50 '4
1
:•'<
Jan
'
37
105
50 %
8% debenture
100
■.
Derby OU A Ref Corp com* ....J.
V
A conv preferred
-*
3%
87%
Jan
stock...*
Hammermill
1
DennlsonMfg clAcom..5
16 prior preferred
50
Jan
10%
4%
Feb
2%
Apr
Feb
10%
Kress (S H) special pref. 10
Krouger Brewing Co..—.1
May
18%
conv..:—.—35
Delay Stores.
1
Class A
Apr
Feb
Koppers Co 6% pref.; 100
Feb
i'. 6%
8
Feb
%, Mar
12%
8
Apr
>16
Jan
14
8
Mar
7% 1st 'preferred;.;'. 100.
•'
Feb
; Mar
3%
Jan
400
-
.
Gypsum Lime AAlabastlhe*
7
Feb
Jan
Apr
Apr
Grocery Sts Prod com.25c
5% May
Mar
Jan
10%
Gulf States Util 85.50 pf.*
5
Davenport Hosiery Mills.*
Dayton Rubber Mfg.—.1
Jan
1%
2
7%
96
in:
...
Gulf Oil Corp—.
Darby Petroleum com
39%
Jan
Mar
Apr
Gt Northern Paper——.25
Feb
Jan
Jan
loo
Curtis Llgbt'g 1 nc com 2.50
6%
Apr
11
Jan
8
2
1
Kobacker Stores Inc.....*
Jan
41
Greenfield Tap A Die....*
—5
Jan
r%
11%
4
..*
Cuban Tobacco com....
Curtis Mfg Co (Mo).,
53
1
r%
Greater N Y Brewery;..I
Jan
Mar
1%
%
11%
Leonard
Mar
8
Atlantic Sugar,..5
Mar
1
7
—'—5
com
77A--7
Klelnert (I B) Rubber ColO
Apr
Non-vot
Mar
1
Klein (D Emil) Co com..*
Apr
May
May
Grand Rapids Varnish... 1
r
100
Klrby Petroleum
Great Ath A Pac Tea—r
.
116
Jan
Apr
4
Ktrkl'd Lake G M Co Ltd 1
28
....
Jan
Jan
111%
;.7
...5
Jan
86%
1,703
83 preferred....
*
Gorham Mfg common..10
Apr
21
•
19%
19
7% pref.100
Kennedy's Inc
Apr
3%
Gorham Inc class A-.—
Mar
H
7% oouv preferred.-25
Crystal Oil Ref coin....
86 preferred—
10
Cuban
—
%
W
-
5% preferred D
Kingston Products
Kansas G & E
'Apr
10
Goidfield Consol Mines..1
5%
H
'
27%
*
2%
Acom..25c
Crown Cork internat
Crown
Kings Co Ltg 7% pf B.100
*503
Class B——
87 preferred.—,..
Petroleum—.:.-.5
Crooker Wheeler Eleo..
Croft Brewing Co......
Jan
24%
Godchaux Sugars class A
Jau
CourtauldB Ltd—
Creole
Ken-Rad Tube & Lamp A *
Gladding McBean A Co.*
Jan
Adrs ord reg stocks...£1
Feb
125
.
(A O) common.
Feb
1%
52% May
Feb
Mar
80
82
16%
Jan
Apr
Jan
7
90
Jau
i
-
Jan
90%
-
1
13H
Jan
Apr
68
%
"l75
Preferred.;..*
Gilchrist Co;..———*
13%
preferred...60
61
Julian & Kokenge com
>>16
35%
294
"27""
Glen Alden Coal—....
Cosden Petroleum com—1
Apr
Kresge Dept Stores—
Georgia Power
85 preferred.—.
Jan
31
—
May
'is May
103
100
"27"
4%
Copper Range Co-
60
Knott Corp common
83
---*
Cornucopia Gold Mines 5c
$3 prior preference—.*
,
Jan
5%% preferred..... 100
.6% preferred
100
7% preferred
100
Apr
Jan
200
-.37% .39%
Gen Water
;>.•
Apr
Mar
8%
Apr
1%
May
69
General Tire A Rubber—;
Apr
■'
7
2%
Jan
&u
6% preferred A...
10%11%
Jan
21%
y
Jan
;
4%
%
%
56-
General Shareholdings Corp
Common...
——-1
Continental Oil of Mex..l
Continental Roll A Steel..1
1
1
12%
59%
300
6% pf 100
86 conv preferred.—--*
7% prior pref...-...100
2%
in
13% .13%
75
75
86 preferred—.—.:—*
Jan
5%
Jan
Feb
-I
i
General Investment com.l
Continental Gas A Elec Co
May
*
ord reg.£l
Gen Gas A El $6 pref B..*
Mar
Feb
May
•
Gen Pub Serv $6" pref...*
Consolidated Steel Corp.*
8
i
Jan
Glass Co.—*
Jersey Central Pow & Lt—
717'-'
9®
Jan
^11
Mar
3%
Jan
Jan
Jan
52%
52%
Gen Rayon Co A stock...*
Consol Royalty Oil
44%
Electrlo Co Ltd—'
Amer dep rets
Jan
Jan
Feb
30
%
%
Jan
Mar
Apr
Mar
Feb
3%
52%
General Alloys Co..'——*
%% series B pref;. 100
4% pref series C—100
Consol Gas Utilities
1
Consol Mln A Smelt Ltd.5
Consol Retail Stores...—1
8% preferred
...100
Italian Superpower A...
10
30
40
*4'i"
Gellman Mfg Co com....1
4
Jan
10%
20%
Apr
Mar
Feb
10%
Irving Air Chute....—.. 1
Mar
88
5%
1%
1 %
1%
l %
4V% 43 '
107%10S
4%
15
Jeannette
.y
Corp.l
Consol Biscuit Co:..
1
Consol G EL P Bait com.*
Jan
8
Jan
>ia Apr
7%
Apr
22% May
Interstate Hosiery Mills..
1% May
25
:
*16
Interstate Power $7 pref.*
Investors Royalty.......1
Mar
Jan
conv
Gamewell Co 86 conv pf.*
Gatincau Power Co—
—*
Conn Telep A Elec
%
B_,j————
Jacobs (F L) Co.
Conn Gas A Coke Secur—
Common.....
•i«
Jan
4
2% Mar
Mar
1.
9% Mar
Apr
7H
Mar
8%
18%
18%
8%
Apr
Mar
9
"4% "4%
,
Feb
10%
17
Jan
Compo Shoe Mach—
1
>16
8%
9%
$1.75 preferred,...— .*
$3.50 prior pref——...*
Interstate Home Equip..!
Jan
Apr
ht
8%
Feb
%
Mar
13
Community Water Serv..l
V t c ext to 1946—
18%
Co.,
1
stock.,.—....*
4% conv preferred—.100
>1t,V8r
»
i»» Mar
Warrants..—
Community Pub Service 25
>16
9%
Iron Fireman Mfg v t c... *
8 %
Fuller (Geo A)
Jtr
Jan
1 y
Class
12% May
13% Feb
Jan
17
1
Jan
Apr
Petroleum-
Internat Safety Razoc B.*
International Utility,——
Jan
103
■
Jan
9;
Franklin Co Distilling...1
Froedtert Grain A Malt—
S3
Commonw Distribution.. 1
10
11
Conv partic pref.;.—15
,..100
5% preferred,
12%
Fox. (Peter) Brewing Co..5
Jan
Jan
Feb
Apr
•
69
Class B voting........*
Jan
Columbia Gas A Elec—
21%
Motor of Canada-
Class A
Jan
4%
Mar
59%.
Ford
Apr
Mar
Class A....
1
Mar
Feb
1%
Internat Paper Co warr..
45
75% ,77%
r;»
reg..£l
3%
1%
V/t
Apr
59% May
21
Colt's Patent Fire Arms .25
Am dep rets ord
%
Jan
Apr
Mar
Jan
2
2%-
•
;i
'
59%
4%
Jan
>
—
Florida P A L S7 pref....*
Jan
%
7%
55%
10%
1%
58%
Jan
9%
2%
7%
Apr >,;■ 5,
4%
2ij
(,PHlla),_10
Ford Motor Co Ltd—
1
Range Since Jan. 1
Shares
1
.
'
H Mar
Co..,*
Cockshutt Plow Co. comw*
Cohn & Rosenberger Ino.*
Colon Development ord...
7 6% conv preferred---#
Club Alum Utensil
V tcoommon—
.
7% preferred
..100
Insurance Co of No Am 10
International Cigar Mach *
Internal) Hydro Elec—-
Apr
Jan
6%~
Sake
for 1
Week<
Internnt Metal IndusA.
'. 900
Metallurgical...i
.',
Fed Compress A W'h'se
of Prices
Low
High
Pref 13.50 series...—50
Internat Industries Inc.
Brewing1
—
1
Industrial Finance—
Jan
13%
""2% ""3"
Sale,
High
'
■7:'
Fedders Mfg Co.
Friday
Week's Range
Last
STOCKS
{Continued),
Shares,
Aviation
I
Eng A Airplane.1
Falstaff
Feb
3%
25
Ilium,..,*
Cleveland Tractor com..*
High
.1
'
!
Week>
i777'-
;V-
l|';v -p 7' 7
Mar
Apr
23%
4 %
5
Clayton & Lambert Mfg. „4
Low
\
Fansteel
Apr
Vs
14
-*u
%
Claude Neon Lights Inc..1
Price
for
-of Prices
Jan
T:4v:A Apr
57%
-
41*
<
1
com
17
Cities Serv P & L $7 pref.*
Week's Range
Sale
Esquire Inc.:..........1
•Eureka Pipe Lino com..50
Feb
4%
:
r
Equity Corp oommon.;10c
Jan
Feb
14
Apr
'
2%
60o preferred B.
6i«
3Vt
Jan
27
34
33%
Mar
%
8
2
2%
"
Last
,j
(Continued)
.
......
Vi High
Shared
'
Cities Service common.. 10
STOCKS
Range Since Jan. 1
•—>>—'•■ •*- Sates
-
Friday
for
(Continued)
•'*
S
1
Monday, May 11; 1942
& FINANCIAL CHRONICLE
THE COMMERCIAL
£820
NEW YORK CURB EXCHANGE
Friday
STOCKS
Last
(Continued)
Sale
of Prices
Low
High
Par
Price
Mining Corp of Canada._*
Minnesota Min & Mfg..-*
Minnesota P & L 7% Pf
100
Mock Jud Voehrlnger—
200
4
4%
1,200
4
Apr
25
25 %
300
25
Feb
%
300
-
—2.50
Monarch Machine
■
%
1
Utll---10
156%
Montgomery Ward A...*
Montreal Li Ht & Pow..*
Moody Investors part
Apr
5% Apr
Mar
152
190
156%
156
Mountain
Common
*
1
1%
1%
Apr
2%
Jan
500
438
Apr
5
Apr
99
Apr
114%
900
7
May
9%
8%
50
Feb
Jan
Feb
11%
70
7%
9%
150
9%
100
Phillips Packing Co
7%
4%
34%
8%
8%
Pioneer Gold Mines Ltd.l
1%
1%
Nachman-Springfllled
Apr
3t«
4%
5
4%
Pittsburgh & Lake Erie.50
Meter
»•
^
"64%
31%
52
Feb
11
Feb
200
12
Apr
14%
Jan
Power Corp of
100
39
Jan
42% May
8%
100
9
2%
2.100
1%
"MO
55%
100
.«
72
30
62%
2
100
6%
6%
500
"7%
9%
3^300
2%
2%
200
"l6% "16%
100
93
Jan
Jan
■
Jan
Apr
7%
7%
24 %
Jan
Feb
11
Mar
Jan
Mar
7%
Mar
9
Jan
10%
Mar
2%
Apr
4%
Jan
%
Feb
Apr
Apr
Apr
9%
109%
85%
6% preferred
Quebec Power Co
Apr
Jan
Feb
V'V'i
101%
Apr
80%
4%
*1
12
68%
Apr
1%
Jan
Jan
Mar
3%
Apr
Jan
2%
Feb
12%
Apr
7%
81%
Jan
May
74
May
Mar
Feb
18
1
20
21%
N Y State
100
95
05
100
Feb
Jan
91%
Feb
20
25%
Eiec & Gas—
$5.10 preferred
94
50
Apr
Apr
We
56
56
1
150
1%
5,500
50
Apr
36
1%
100
100
5% 1st preferred
5% 2d preferred-
May
Jan
Mar
Feb
27
%
Jan
,
5
2%
2%
10%
*
86%
10%
5
Mar
%
Mar
-50
11
Mar
700
Apr
86
..
.9%. Apr
2%
Jan
90
Jan
14%
Jan
...
S6 preferred
North Amer Rayou
Class B commou
6% prior
Standard Silver Lead
Jan
%
Apr
Standard
Jan
4%
Standard Tube cl B
Mar
7%
Apr
Feb
Feb
%
10
99
2%
Apr
3%
Feb
hi
Feb
%
2%
2%
1
*
3^2
100
3'
200
54
52%
-
54
Apr
50
150
15%
15%
50%
cl A.
..*,
preferred...50
Apr
109
Feb
-Apr
111
Mar
96%
Nor
Nor
'at
ln
Mar
Mar
Jan
% Mar
7% preferred—....100
Line
10
cl A..25
Novadel-Agene Corp
♦
""6% "9%
2%
Northern Sts Pow
13
12
300
1%
1%
1%
Apr
Option
warrants
Mar
13
400
Mar
11
14
14
5%
600
'ii
Mar
Mar
17%
17%
200
13%
Jan
1%
1%
300
1%
46
103
Stein (A) & Co common..*
8
1
50
20
6% 1st preferred
5% 2d preferred
5%
5%
1
1%
1%
Apr
Feb
Sterling
%
%
2%
Jan
Apr
70
140%
Mar
150
Apr
180
56% 59
140% 144
90
13%
50
.Jan
hi
Apr
Jan
6%
Jan
.....1
Inc
Jan
Mar
8%
Apr
13%
Jan
9%
Apr
12
Jan
8%
1%
40
Mur
Apr
Apr
26
Apr
35
Jan
*
10%
Feb
11
Feb
7%
Jau
Sun Ray Drug
Co
Sunray Oil.
5%%
1%
1%
Apr
Apr
Texas PAL
2%
Jan
Texon Oil
Thew Shovel Co corn....6
Jan
1%
Jan
100
15
14%
18%
Mar
7%
8
hi
hi
14%
4%
Jan
11%
Feb
Tobacco & Allied Stocks. _*
3%
3%
1,800
3%
Apr
5%
Jan
Tobacco
10%
10%
200
Apr
11%
Apr
Apr
Mar
10
26%
Jau
43
43
10
3
3
100
Corp...*
67
68
30
6% pref 100
7% preferred...
100
Jan
%
88
89%
80
Prod
7
200
dep rets def reg 6s. 1
Am
3%
93
40
80
77
May
;
7%
2%
300
7%
Trans Lux Corp.
..1
Trans western Oil Co... 10
%
Jan
9%
3
May
Jan
Apr
15
Jan
;
Mar
%
»«
3%
3%
Mar
Mar
2%
7.3%
Feb
3%
100
3%
5%
15%
Jan
2%
Feb
17%
Feb
Apr
Apr
2
%
,'
53
1%
1%
109
1%
1,300
Mar
111
500
12
50
101
10
40
100
100
107
Apr
2
600
2
V 80c
conv
preferred
1,100
20%
"goo
.
.
16.
Apr
1
4
1
1%
;
100
Segal Lock & Hard ware.. 1
Seiberling Rubber com...
Jan
4
Jan
Jan
2%
Feb
•
.
X
35
716
716
100
2%
2%
100
s
.
^
...
5
1%
1,400
39
39
7
Jau
90
Apr
72
Mar
29%
27%
98%
Jan
Jan
Jan
,9%
87
Feb
Shattuck Denn Mining...5
11%
Feb
Mar
12
4
3%
7,500
Mar
4%
50
A 38
3%
"l%
100
:«
2%
2%
29
1,300
"
"5% '"hX
900
5%
""6%
'i«
%
3,900
10
10
Parkersburg Rig & Reel.,1
5-
5%
"25%
4% /Njan
400
"25"
Jan
200
11 %
6%
Jan
Mar
Patchogue-Ply mouth Mills*
Penn-Mex
Fuel
1 Penn Traffic Co
25
50c
24
i
J*
30%
%
Mar
Feb
Feb
30
Jan
31
Apr
%
Mar
% *: Jan
3%
Jau
i
Pennroad Corp com
1
2%
2%
2%
5,600
I
Penn Cent Airlines com..l
6%
6%
6%
500
For footnotes see page 1821.
"59% "60%
112%
112% .112%
"""360
7.7.30
2%
5%
Jan
Apr
3%
Jan
8
Feb
%
.
*14 "
13%
*
$3 particpreferred
preferred
Simplicity Pattern com..l
Simpson's Ltd B stocks..*
Singer Mfg Co
—100
Singer Mfg Co Ltd—
Amer dep rets ord reg.£l
Sioux City G&E7%pf 100
5
Mills..
Amer
Unlted
14%
76%
9%
Jan
'ii
Jan
83%
%
hi
10%
Jan
Mar
22%
72%
Mar
Mar
2,200
52
25
Preferred......
54
38%
580
100
45%
Feb
Apr
45
Feb
U 8 Lines Inc pref
5%
Feb
4
Jan
10%
Jan
70
Jan
%
43%
%
1,800
5%
1,100
hi
:
43
45
450
9%
Jau
10
Jan
17%
Apr
Apr
Mar
15
15
"ii" .!"ij
Paper......2
133"
-
1%
140
100
'160 *130*"
Jan
Apr
.2
•
145%-"
Feb
1
1,800
Feb
-
1%
Feb
18%
Sugar......5
2%
Utah Pow <fc Lt $7 pref..*
43%
Equities
com..
25
2%
46
200
350
Jan
3%
8%-
Apr
Jan
hi
Jan
53%
6%
Mar
Jau
4%
Jin
%
12%
Apr
*16
Mar
1,8
%
Apr
4ai
Apr
Jan
1%
Mar
"ll%
Jan
Jan
2
M
30
Feb
"6
1
"u
15
Jan
Jan
%
8%
ar
Jan1
Jan
18%
Apr
May
26
Mar
29
Jan
Jan
11%
Feb
Apr
3%
,
2%
41
.
Apr
Feb
02
Jan
Jan
34%
35
100
Mar
1%
Mar
hi
34%
.
Feb
1%
10c
$5.50 priority stock...1
7
25
400
Utah Radio Products.. __1
Utility
Jan
Jan
10
6%
0%
18%
Universal Pictures com__l
Utah-Idaho
Feb
r
6%
Universal Products Co...*
1%
57%
43%
Feb
Apr
%
8
Insurance
Mar
4
Mar
10
*
Class B
Apr
*
1st $7 conv pref:...
Universal Corp vtc
Jan
'ii
May
2
U 8 Stores common....50c
Universal
1%
140
■
2
■■
%
20
_.l
U 8 Rubber Reclaiming..*
Universal Cooler class A.*
15%
1%
May
Apr
U 8 Radiator com
United Wall
Jan
77
4%
;
$1.50 conv pref
Jan
27%
5%
4%
Jan
113
•*.
,..10
t
Jan
Jan
25%
3% Apr
2% Mar
6% - Jan
hi
Jan
43
Apr
50
Mar
■;
23
Apr
38
500
'
Jun
%
%
Mar
50%
600
38
54
'
'''
Jan
hi
2%
10
10% preferred
92
*
Mar
Apr
2
dep rects ord reg„.
Apr
Feb
Apr
Feb
Feb
Feb';
%
126%
40
7%
Apr
*
Jan
2%
%
Jan
'is
Jan
Jan
4%
Apr
X
Apr
Feb
.
Apr
77
7%
%
Feb
1n
Profit 8baring.25c
United Shoe Mach com.25
United
Jau
15
*ii
United Milk Products...*
.
Apr
7%
sj«
United Stores common.50c
$3 conv
Jan
.2%
97%
Commou class B._..._*
ji, $6 1st preferred.
2%
Jau
Jan
7%
1,000
%
4%
9%
Smith (H) Paper
A.i*
5
U 8 and Int'l Securities..*
$5 1st pref with warr..„*
*
Jan
5
'ji
;
.100
com
Specialties com_.l
Jan
3
350
102% 106
U S Graphite common
110
Jan
Mar
2,200
102%
U 8 Foil Co class B.....1
59% May
6%
800
7% preferred..
United Lt & Pow
Jan
9
Jan
Skinner Organ
2%
11
,7
Jan
9%
Feb
Apr
Apr
Apr
Feb
May
5%
*
Mar
2%
1%
Mar
„:,2
United Gas & Elec Co—
Apr
Mar
Simmons-Boardman Pub
Peninsular Telopboue com*
$1.40 preferred A
200
Jun
Jan
2%
•;3%
5%
*
hi
9%
Silex Co common
Parker Pen Co
2%
2%
Jan
35
Mar
1%
5%
500
1%
v
Jau
4%
warrants
U 8 Plywood—
2%
Jan
\ Paramount Motors Corp.l
Jan
Apr
Jan
Sherwin-Williams of Can.*
| Pantepec Oil of Venezuela—
Feb
3%
Mar
he
1
,;38
common...*
5% cum pref ser AAA100
*
Jan
4%
Pow..*
Sherwin-Williams com..25
j Pacific Public Service...*
Jan
.
%
36
Apr
•:
Shawinigan Wat &
3%
Apr
69.,
Mar
Jan
100
•
Sentry Safety Control...1
Serrlck Corp class B—
Seton Leather
H
5%
600
United Gas Corp com_._l
Mar
v:
Mar
h«
;
100
l>4
39%
1%
39%
25
Allotment certificates
22%
& part pref.
1st $7 pref non-voting. .*
Jan
Pacific Can Co common..*
Apr
Mar
Jan
% Mar
3% May
Jau
%
Un Cigar-Whelau Sts.. 10c
Mar
18
Mar
8%
....—
$5.50 prior stock.
24%
cum
Apr
112%
Apr
Mar
2%
.r
Selby Shoe Co
Selected Industries Ine—
stock
%
United Molasses Co Ltd—
Inc........*
Con vertible
Jan
Apr
%
Apr
1
Option
he
Jan
7
Securities Corp general.
Jan
111 7
ht
2%
*5%
Jan
,20
Mar
..
36%
$6 pref.
Seeman Bros
Mar
Apr
11%
Apr
Jun
Mar xl03
Unlted Corp warrants
12
Jau
20%
95
Apr
85
\%
♦
United Elastic Corp..
Feb
he
8%
20%
Scullin Steel Co com
Jan
65
U
%
Apr
Jan
3%
Udyllte Corp...
.1
Unexcelled Mfg Co...... 10
Jan
•%
Apr
10
,
^Jan
Apr
.*
Jan
19
Apr
%
111
17
3%
49
500
Tung-Sol I^mp Works...1
3%
Feb
%
-
Jan
2%
120
Apr
'
1
48
Apr
Apr
3(H)
Jan
v
,
*h«yFeb
Apr
IX
109
2
19
Water Service
Jan
40%
2%
...1
Class A
•7
$3
"Salt Dome Oil Co
Apr
Apr
13
Feb
Fell
%
United Ctiemlcals com...*
•:
Mar
6%
5%
Feb
Jan
Lawrence Corp
9.8
4%
...*
United Aircraft Prod
Feb
Feb
3% Mar
3%
warrants.
...
Union Gas of Canada
Mar
15%
'««
3%
Tublze Chatillon Corp....
Feb
1 %
Trl-Continental
Trunz Inc
Mar
Jan
.
•
109
Jan
Mar
Jail
Mar
200
36%
;
Ltd
Class A $2 conv pref..50
St Regis Paper common. .5
7% preferred
100
100
Mar
2%
14%
Jan
Mar
9%.. . Jan
4% Feb
2%
Jan
1%
Apr
9% May
Royal Typewriter..
Russeks Fifth Ave....2%
St
8%
100
12%
Mar
Apr
12%
7%
Jan
*i«
95
Jan
•
77
94%
Tonopah Mining of Nev.l
Jan
Jan
3%
19%
Jau
95
Toledo Edison
Mar
*
3%
Mar
Jan
Apr
Jun
Amer dep rects ord reg..
Jan
%
Jan
%
43
Exports..*
Todd Shipyards
Scranton Spring Brook
101
American shares
Mar
Tobacco Sec 'l'r Co Ltd—
"3%
Rossia International....
Common..
t
7%
Mar
200
Jan
9%
Scranton Lace common.
Overseas Securities
Page-Hersey Tubes
Jan
X
14%
50
4%
14%
1
""*50
20
Jan
42
*
Feb
7
2%
Tlahman Realty & Const.*
"io%
1
Feb
Omar Inc
$1.30 1st preferred
Jan
2%
45%
90
2
10%
Aeronautical Co...l
Consol Petrol
*
7%
400
1,000
7% pref. 100
& 1 and Co
Apr
Apr
%
6
"16
9%
17
300
2%
17%
16%
5%
Voting trust ctffl
2%
17%
51 %
1
Radiator
1
Taggart Corp com
Tilo Roofing Inc
1
Mfg Co
Richmond
110
12%
"75""
2%
400
50
conv pref
Jan
Rice Stix Dry Goods.....*
112
42
"75"
Jan
1
Apr
J»j«
%
Mar
1%
he
1
Republic Aviation...
98
Pacific P & L 7% pref..100
Mar
3%
2%
13% May
"loo
15
15
*
Relter Foster Oil Corp.50c
Reliance Elec & EnginT'g 5
Apr
91%
Pacific Lighting $5 pref..*
Mar
1%
May
Mar
*
5
*
_*
I
..1
Technicolor Inc common.*
1
Mar
100
$5% conv
Oliver Utd Filters B
,
Apr
6
Feb
h«
h«
Scranton Elec $6 pref...
Apr
1%
800
8
Jan
Jan
47
Jan
26%
Apr
Feb
%
Apr
8%
he May
50
*2*
13%
"2
112
26
Mar
4%
125
50c
Feb
26%
Jan
35%
200
2%
7
Inc
Jan
Apr
200
*
*
Common
Raytheon Mfg commou
Red Bank Oil Co
110
6% 1st pf.25
5%% 1st preferred...25
Apr
Apr
2%
400
Sterling Brewers
Tampa Electric Co com..*
6% preferred. 100
Ohio Power 4%% pref.100
Ohio PS 7% 1st pref...100
6% 1st preferred
100
Pacific G & E
Mar
ht
40
9%
3%
34
Sterling Aluminum Prod.l
*'4
Jan
13
Jan
Apr
Apr
2
Apr
100
Jan
.
100
60
prior pref...*
»i«
20%
8
""..J
"""I.
Sterchi Bros Stores...
Feb
Feb
10
Jan
$3 preferred
Apr
7
10%
A.l
Apr
Oklahoma Nat Gas com. 15
*
Jan
'i#
c.l
*
Jan
ht
19%
Jan
5% May
May
1
52%
59
14
100
4%
5%
17%
Steel Spring...5
Stetson (J B) Co com
85
6
->v
May
5%
6%
*
6
Jan
»3i
Jan
5
Schlff Co common
*
Schulte (D A) common.. 1
Conv preferred
25
Scovill Mfg
25
Ollstocks Ltd common...5
Feb
12
Apr
Mar
Savoy Oil Co
95
110%
50
11%
hi May
108
Jan
1%
103%
Jan
Apr
103
87
ltyerson & Haynes com
Apr
7%
95
14%
150
35
Sanford Mills
103
Jan
12
200
300
Raymond Concrete Pile—
Samson U nlted Corp com.
103%
" Feb
Feb
10%
106
900
...
Voting common
Jan
17
51%
102
500
Ohio Oil
Jau
Feb
106%
*10%
10%
200
900
Ryan
Apr
'166
600
14
11
10
12%
Radio-Keith-Orpheum—
Jan
O
Ohio Edison $6 pref
Jan
Apr
1
Class B common
17%
72%
3
Ogden Corp com
4
Ohio Brass Co cl B com..*
3%
Mar
Superior Port Cement—
Ryan
Mar
87
Northern Pipe
Mar
9%
Superior Oil Co (Calif)..25
Jan
3%
"ioj
%
2
98%
47%
8%
88
hi May
200
75* -75**
Jan
Jan
Feb
100
11
:
Union Investment com..*
Securities.*
Central Texas Oil...5
IndPubSer6% pf.100
No Am Utility
Jan
%
200
2%
2
11
-♦
Starrett (The) Corp v t
Ui
2%
Jan
hi
12%
Jan
300
%
he
.
Jan
■
Co..l
Products
Jan
Feb
18
Mar
'm
1%
96%
44%
100
$1,20 conv pref
Lt & Power-
Common
Feb
33
Jan
1%
Jan
v..' in
12%
6% preferred D
100
Rochester Tel 6 %% pf -100
Roeser & Pendleton Inc.*
Rome Cable Corp com..5
Roosevelt Field Ino..—5
Root Petroleum Co
Jan
2%
100
2%
86%
»>!«
1
Noma Electric
4%
RochesterG&E16% pfClOO
Nineteen Hundred Corp B1
Nor Amer
Standard
Apr
Jan
Jan
Jan
Fel)
6
10>S May
46
97%
Jan
%
100
N1 pissing Mines
Jan.
2%.
106
53
>111
Niagara Share-
Niles-Bement-Poud
99
Feb
Feb
Mar
Class B opt warrants...
Class A preferred
2%
27%
Jan
Standard Power & Light. 1
Common class B
*
Steel Co of Canada
1%
69%
hst
Class A opt warrants
Class B common
%
Rio Grande Valley Gas Co
10
Feb
%
.100
5% preferred
300
.
6%
Jan
Jan
102
Feb
Niagara Hudson Power—
Common..
%
,
Jan
R
Rlieem
6%
19%
5
6% pf.100
York Transit Co
N Y Water Serv
Jan
3
Reed Roller Bit Co
650
100
conv
Jau
Jan
Mar
May
5
100
io% "10%
preferred.20
Standard Oil (Ky).__..10
Standard Oil (Ohio)—
$1.60
Feb
6%
7%
2%
10
Feb
Mar
1,900
♦
$3 conv preferred
9%
Shipbuilding Corp—
Founders Shares
Jan
Feb
Jan
preferred.:
122
Apr
Jan
20%
5%
5%
Standard Dredging Corp-rCommon
1
16%
Railway & Light Sec—
90
5%
6%
Jan
Jan
Jan
Apr
1%
150
Feb
122
Standard Cap & Seal com 1
Conv
Feb
Swan Finch Oil Corp... 15
Jan
50
77
Feb
•
Spencer Shoe Corp..
*
Stahl-Meyer Inc
...*
Standard Brewing Co 2,78
Corp
Stroock (S) Co..-.
Sullivan Machinery
30%
10%
85%
Jan
28%
26%
%
ii
1st preferred
*
Spanish it General Corp—
Amer dep rects ord reg._
Stinnes (Hugo)
Apr
450
23%
...25
""150
Manufacturing.. 10
Quaker Oats common
200
42
23%
*
8% Preferred A
Preferred
Pyrene
Jan
450
74
Jan
;
Pyle-Natlonal Co com...5
1%
800
81%
3
"11
2%
4%
2%
19%
:
Feb
Railway & Util Invest
10
7% pref. .100
Apr
Mar
%
33
Mar
2%
$6 preferred
%
1
,
Mar
%
Apr
10%
13
Jan
Feb
51%
13
8
Feb
10%
Rosarlo 10
H
11
1
50%
1
Mar
Mar
Mar
30%
24%
300
25%
24
10
2%
113
8
3
1%
Mar
600
33
25%
Southland Royalty Co...5
Feb
Apr
100
*17**
16%
6% 1st preferred
100
7% 1st preferred
100
Puget Sound P & L—
$5 prior preferred
*
$6 preferred..
*
Puget Sound Pulp <fc Tim *
19%
"280
~87~
Jan
3%
Apr
Public Service of Colorado
Feb
"50
Jan
27
50
33
25%
Jan
/V
Apr
1,400
Nev.._l
Prosperity Co class B...*
Providence Gas
*
%
*20%
4
Producers Corp of
Mar
20%
12
63
Jan
100
1
1
Feb:
63%
8%
Prentice-Hall inc com...*
2%
2%
35
Jan
2% May
5%
21%
7%
Merchandise
N Y Pr & Lt
New
95%
Jan
2
Warrants
Y
Jan
Jan
Apr
Jan
3
Apr
Apr
68 %
2
2%
4
*
1
Premier Gold Mining
43
Apr
55%
2%
Jan
i 5% 7 Jan.
Feb
9
■v
400
7
2%
Canada...*
Pratt & Lambert Co
Apr
"'<• Apr
48%
Apr
Pressed Metals of Am...l
100
70
Jan
10%
May
2
200
74%
10%
Omnibus—
N Y & Honduras
Jan
1%
:
7%
Powdrell & Alexander...5
12%
73
51%
Jan
77%
common..5
42%
*
*
Co com
N Y Auction
N
Potrero Sugar
8% May
8%
Apr
Apr
Southern Calif Edison—
Jan
10.
Mar
4% May
25c
Polaris Mining Co
Apr
8%
common.--*
Co
New Process
N Y
Feb
8%
Zinc
25
Mex & Ariz Land...1
N Y City
'is
18%
2
New Jersey
6%
36%
'
8% May
Plough Inc common...7.50
Pneumatic Scale com... 10
1%
New Idea Inc
New
Jan
9
11
86%
4%
400
9%
12%
10%
Southern Pipe Line
4
31 %
Apr
Jan
100
-
59%
42%
Oil Co
Southern Phosphate Co. 10
Feb
2%
39
9%
Jan
18%
30c
*
Nebraska Pow 7% pref. 100
Nelson (Herman) Corp...5
Neptune Meter class A—*
Nestle Le MurCo cl A...*
New Engl Pow Assoc
*
6% preferred
100
$2 preferred
*
New England Tel & Tel 100
New Haven Clock Co...*
Navarro
Jan
Feb
Feb
22
Jan
Mar
6,300
1
57%
Apr
300
Radio
Nat Union
Mar
6% preferred B......25
5%% pref series C...25
Southern Colo Pow cl A.25
V3%
250
Pltney-Bowe8 Postage
Apr
5%
6% May
100
6%
hi
6%
Hess com
9 hi
5% original preferred.25
Jan
Apr
1,900
Jan
27%
800
Spalding (A G) & Bros...l
Jan
10
Jan
N
com...*
Nat Rubber Mach
*
National Steel Car Ltd..*
National Sugar Refining.*
National Tea 5%% pref.10
National Transit
12.50
Nat Tunnel & Mines
*
Feb
Southern Union Gas
'4%
32%
Pittsburgh Plate Glass..25
National Refining
Mar
3%
4 %
34%
1
Conv $3 pref series A. 10
Apr
Jai
2%
3%
Jan
3%
96
Apr
*
Jan
Jan
25
"28"
"28"
25
South New Eugl Tel... 100
Pittsburgh Metallurgical 10
m
Southwest Pa Pipe Line. 10
45%
'3%
29%
^
Pitts Bess & L E RR...50
-.100
*
1
National Breweries com..*
National Candy Co
*
National City Lines com.l
$3 conv preferred
50
National Container (Del). 1
National Fuel Oas—.—*
Nat Mfg & Stores com.;.*
National Power & Light—
$6 pref unstamped
*
$6 pref stamped
*
South Penn Oil
175%
1%
Pleasant Valley Wine Co.l
Nat Bellas
Jan
Jan
Mar
20
„
100
1%
Feb
100
Feb
5%
Ring.2 H
common—*
81
Feb
1%
2 hi
1%
100
2%
2%
Jun
Apr
2
r..l
..1
Jan
36%
Apr
3
Apr
»!8
South Coast Corp com_.l
%
High
Low
1%
200
1%
Jan
2 %
-
75
Pierce Governor common.*
200
7
Muskegon Piston
6% preferred
Co
88
Range Since Jan. 1
Shares
1
Soss Mfg common
Phoenix Securities-
1%
100
7%
loo
100
Jan
Feb
4%
9%
.....
Feb
Sola,r Mfg Co
Sonotone Corp.!.
'
2%
2%
1
105
Apr
Apr
Apr
125
*■
17%
%
8%
*
Tel 100
Mfg Co
*
30%
Mar
70%
50
Philadelphia Co common.*
Phlla Elec Pow 8% pref .25
1%
Mountain Sts Tel &
Muskogee Co
"43% "43%
Co.*
Jan
4%
Mountain States Power—
Murray Ohio
hi
20
Pepperell Mfg Co
Circle
Mar
78%
90
88% 87%
78%
79%
128% 130
130
87%
Perfect
Feb
56
Mar
Price
Par
UM-
com...20
Penn Water <fe Power
of Prices
Low
High
1
for
Week
Week's Range
High
26
Common
4%
Low
Feb
Feb
Shares
46%
Pennsylvania Gas & Elec—
Class A common
*
Penn Pr & Lt $7 pref...*
$6 preferred...,
*
Penn Salt Mfg Co
50
Penn Sugar Prop
iMSt
Sale
Range Since Jan. 1
Solar Aircraft Co
17
Mar
Mtge Bank of
Mountain
6
161
High
1
Pennsylvania Edison Co—
$5 series pref
*
$2.80 series pref
*
Pharls Tire & Rubber...
Mar
%
pf.*
Moore (Tom)
Mar
1%
Feb
15%
15%
Dist Stmp.l
Col Am shs.
City Cop com.5c
Producers...10
30% Mar
1%
Feb
May
1%
%
com.i
Monogram Pictures
Monroe Loan Hoc A
Montana Dakota
5%
Mar
Feb
6%
5%
Jan
5
5%
1
Tool--*
Common..
Molybdenum Corp
Mar
Mar
4%
Apr
3%
Jan
100
Apr
90
100
Missouri Pub Serv com..*
Jan
82
1 May
Mississippi River Power—
6% preferred
44%
Feb
67
36%
35%
32
425
Week
Low
Sales
STOCKS
(Continued)
for
of Prices
Price
Par
High
Low
Week's Range
Sale
(Continued)
Week
Shares
iMSt
STOCKS
Range Since Jan. I
for
Week's Range
Friday
Sales
Friday
Sales
Jan
'11
Jan
33%
Mar
38%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
Volume 155
1821
NEW YORK CURB EXCHANGE
Sates
Friday
STOCKS
Last
Week's Range
(Continued)
Sale
of Prices
Low
High
Par
Price
Friday
BONDS
Week
Shares
Low
Sales
Last
(Continued)
Sale
Range Since Jan. 1
for
.
High
Week's Range
of Prices
Price
TjOw
High
Friday
for
Week
Range
BONDS
Last
Since
(Continued)
Sale
$
Jan. 1
■w
Price
Sates
Week's Range
of Prices
Low
High
for
Week
Range
$
Jan. 1
Since
Publlo Service Co of Colorado—
1st mtge 3 fts
Gatlneau Power 3fts A
General Pub Serv 5s
...1
preferred—6
Valspar Corp com
$4 conv
7% pref.lOQ
Vogt Manufacturing
*
Va Pub Serv
1949
107
107 ft
$105 ft 107
106 ft 107 ft
6% perpetual certificates......
Puget Sound PAL 5fts
1949
Gen Publlo Util 6fts A
"•General Rayon 6s A.....
Venezuelan Petroleum... 1
1964
S f deb 48
Pub Serv of Indiana 4s......1969
Publlo Service of New Jersey—
1st & ref 5s series C. ..,..1950
Gen Water Wks A Elec 58.
1st & ref 4fts series D.... 1950
Georgia Power & Liglit 5sGlen Alden Coal 4s
{♦Gobel (Adolf) 4 fts A...
Grand Trunk West 4s
Wagnjr Baking—
V.
extended
7
(JliilSS B
«
frn
M m••
-
*
..195:
Guantanamo & West 6s...
{♦Guardian Investors 5s..
«• m
Walker Mining Co
fts series A....
Grocery Store Prod 6s
class A...*
^
m
5
Green Mountain Pow 3 fts
...*
"■ preferred.....-.100
W -it & Bond
Queens Borough Gas & Electric—
Great Nor Power 5s stpd—
♦
Waco A t.i raft Co
Safe Harbor Water 4fts....l979
San
1
Joaquin Lt A Pow 6s B.1952
♦Schulte Real Estate 6s
Wayne Knitting Mills...5
Wellington Oil Co
.1
Houston Lt A Pr 3 fts
1.25
Wentworth Mfg
Air Lines
1966
Hygrade Food 6s A
West Texas Utll. $6 pret..*
Jan 1949
1951
Shawlnlgan WAP 4fts
1st 4 fts series D
$110 ft 111ft
83 ft
84
$83
85
Jan 1949
6s series B
West Va Coal A Coke....5
Western
1951
Scullln Steel Ino 3s
1967
1970
Sheridan Wyo Coal 6s
1947
South Carolina Power.53....1957
Inc_.l
Southern Calif Edison 3s
1965
Western Grocer com...20
Southern Calif Gas 3fts.—1970
Western Maryland Ry—
Southern Counties Gas (Calif)—
1st mtge 3s
1971
Idaho Power 3fts
7% 1st preferred.... 100
100
101ft
95ft
93
95
May 1957
90
91ft
Sf deb
Westmoreland Inc...... 10
5fts...
Indiana Hydro-Elec 5s
Weyenberg Shoe Mfg
1
Wichita River Oil-Corp. 10
Williams (R C) A Co...-"
.1958
Indiana Service 5s
$101 ft 102 ft
1950
1st lien A ref 5s.
76ft
....1963
♦indiainapolls Gas 5s A....
Indianapolis P A L3fts
Williams Oll-O-Mat Ht..*
Wilson Products Inc.—.!
Southern Indiana Rys 4s
2022
1989
76
„
'
77ft
6s (stamped) .......May 1948
Conv 6s stamped
May 1948
77ft
1952
112
1970
.
Standard Gas A Eleotrlc—
106ft 106ft
112ft
{International Power Sec—
1955
♦6fts (Dec 11941 coup) .1955
♦7s series E
.1957
♦7s (Aug 1941 coupon)..1957
♦7s series F
..1952
1
Woolworth (F W) Ltd—
1957
Standard Power A Light 6s.. 1957
♦6 fts series C
2
Petroleum
1 1966,
Debenture 6s......Dec
6s gold debentures...
Wisconsin P A L 7% pf 106
Wolverine Portl Cement 10
Wolverine Tube com
........1951
Debenture Cs
10
Wilson-Jones Co
Woodley
1951.
1970
97ft
1956
Southwestern G A E 3fts
Southwestern PAL 6s
Spalding (A G) 5s
1954
1st A ret os series C
....
Westmoreland
110ft 110ft
1953
1st A ref 5 fts series B
*
Coal....20
Common
1967
111 Pr A Lt 1st 6s ser A
Western Tablet & Station'y
...5s
7-4s 2d
1946
7-4s 3d stamped
1946
.
,
Certificates of deposit
♦7s (July 1941 coupon..1952
Wright Hargreaves Ltd..*
,
♦Starrett Corp Inc 5s....... 1950
Stlnues (Hugo) Corp—
Interstate Power 5s......... 1957
Ainer
dep rets
.1952
Debenture 6s
Iowa Power A Light 4 fts
New York Curb Exchange
1958
.1963
Italian Superpower 6s
-
Texas Electric Service 5s.
Bonds
Texas Power A Light 5s..
6s series A
Last
BONDS
Sale
Price
-
Tide Water Power 58
Friday
Week's Range
of Prim
Low
High
Range
Since
Jan.
Toledo Edison 3fts—
Jacksonville Gas (stpd)
1942
1965
Jersey Cent PAL 3fts
Twin City Rapid Tr
5fts
1
{♦Ulen A Co—
Kansas Elec Power 3fts
1950
Conv 6s 4th stamped
Kansas Gas A Elec 6s..
United Light A Power Co—
1950
I960
2ftss f debs...
3ftss f debs.
3fts s f
United Electric N J 4s......1949
Kansas Pow A Lt 3 fts..
American Gas A Electric Co—
Amer Power A Light
6*.-.--1961
Lake Superior Dlst Pow 3 fts. 1966
Utah Power A Light Co—
1945
1st lien A gen 4fts
1957
Long Island Lighting 63.
Louisiana Pow A Lt 5s
Appalachian Elec Pow 3fts..1970
Appalachian Pow deb 6s...-2024
Arkansas Pr A Lt 5s.—
1956
Associated Elec
1952
6s series A
deb 6s. .2016
Amer Writing Paper
1959
1st lieu A cons 5fts..;
United Lt A Rys (Del) 5fts.l952
United Light A Railways (Me)—
debs.—....—--1970
Deb 6s series A.-..;
..1944
2022
4fts—.—1953
{Associated Gas A Elec Co—
McCord Radiator A Mfg—
Virginia Pub Serv 5fts A.
....1948
.....1949
...1950
1968
Mengel Co conv 4 fts
1947
Metropolitan Edlsou 4s E—1971
4s series G.
1965
iv,
1977
Middle States Petrol. 6fts.—1945
1955
1955
1943
Milwaukee Gas Light 4fts._1967
104 ft 105ft
101 ft 102
109ft 109ft
$100ft 102
Assoc TAT deb 5fts A
♦Conv deb 4fts..
♦Conv deb 4fts
♦Conv deb 5s....
♦Debenture 5s
— ...
♦Conv deb 5fts
Atlanta Gas Light
4fts
Atlantic City Elec
60
1st ref 5s series B
102 ft 102ft
Deb s f 6s...
$100ft 101
61
Waldorf-Astoria Hotel—
♦5s inoome debs
Minnesota P A L 4fts..—.1978
1st A ref. 5s
1955
1947
1947
101ft 102 ft
Mississippi PAL 5s.
.1957
Mississippi River Pow 1st 5s .1951
.
5s without warrants
83ft 84ft
99ft 100
$108 ft 110
Midland Valley RR. 5s
3fts...—1964
Avery A Sons (B. F)— 1
5s with warrants . &
....1948
6s stamped
100 ft 101ft
Wash Ry A Elec 4s
105 ft 105ft
111
_
Wash Water Power 3 fts..
West Penn Electric 5s
111
West Penn Traction 5s....
Western Newspaper Union,,
6s unstamped
6s stamped
Baldwin Locomotive Worksf
'
Nassau A Suffolk Ltg 5s....1945
109
Convertible 63..—i
Bell Telephone of
109ft
Canada—
114
1st M 6s series B—
$114
| 5s series C
114ft
115
1981
.2022
6s series A..
Nevada-California Elec 5s
Bethlehem Steel 6s........
Birmingham Electric 4 fts..
Boston Edison 2fts._——
Broad River Power 5s....«
154 ft
155 ft
101ft 102
101
101ft
$ 101ft 103
99 ft
1956
1948
New Amsterdam Gas 5s
New Eug Gas A El Assn
5s__1947
..1948
5s
1950
Conv deb 5s
New England Pow 3fts.....l961
New Eng Pow Assn
Debenture 5fts
5s...... 1948
...1954
99 ft
10
{♦Nat Pub Service 5s ctts...1978
Nebraska Power 4fts.
10
110ft UOft
$122
124
>
94
95ft
114
114
45
47
45ft
44 ft
47
47
107 ft 107 ft
69 ft
72:
70 ft
72ft
5,000
98ft 100ft
13,000
I
13,000
109
111
119
124 ft
84
113
42
42
43
114
62 ft
62ft
......
52,000
5,000
120,000
7,000
110,000
2,000
36,000
33,000
16
j
96ft
63
106
108ft
65ft 85
67ft
{♦York Rys Co 5s stpd.....1937
♦Stamped 5s
1947
-
87ft
Foreign Governments & Municipalities
New Orleans Public Service—
Canada Northern Power
5s..1953
--1964
♦Income 6sseries A...Nov 1949
Central 111 El A Gas 3fts.
N Y State E A G 3fts..
{♦Central States Elec 5s—.1948
N Y A Westchester Ltg 4s..2004
♦5fts.—— — — -1954
1964
1954
Debenture 5s
5fts...1953
Nor Boston Ltg Prop 3fts.-.1947
104 ft
4.000
101ft 104 ft
1,000
109
110ft
105
106ft
114ft 114ft
------
Friday
Last
BONDS
Sale
Price
Week's Range
of Prices
High
Low
North American Light A Power—
{♦Chicago Rys 6s etfs... —-1927
_ ..1952
104
110ft 110ft
$106ft 107ft
$114ft
Central States PAL
5 fts series A
Cincinnati Bt Ry 5 fts A.
1955
Cities Service 6s—.....Jan 1966
Conv deb 5s......i—-1950
Debenture 5s
———1958
6s series B.———
1956
Nor Cont'l Util 5fts
Northern
1948
Ind Public Service—
100ft 100ft
$103ft 104
53 ft
54 ft
•
1st 3fts series A..
1909
107 ft 107 ft
Agricultural Mtge Bk (Col)
♦20-year 7s
♦20-year 7s
April
Jar
Bogota (see Mtge Bank of)
♦Cauca Valley 7s
_
Debenture
5s.....——-1969
-1949
Community PAL 5s—....1967
Connecticut Lt A Pr 7s A ->*. 1951
Consol Gas El Lt A Pr (Bait)
3 fts series N
...—1971
1st ref mtge 3s ser P..—.-1969
1st ref mtge 2fts ser Q—1976
1953
Ext 5s
5 fts.— v—--
Ogden Gas 1st 5s
Danzig Port A Waterways—
♦External 6fts stamped.-.1952
1945
Ohio Power 1st mtge 3 fts.—1968
1st mtge 3s..
....1971
♦Lima
Ohio Public Service 4s.
101ft 101ft
Okla Pow A Water 5s..„... 1948
Okla Nat Gas
bity
(Peru) 6ftsstpd.l95S
1958
♦Maranho 7s
108 ft 109
105 ft 106
1962
♦Medellin 7s stamped...
1951
Mtge Bank of Bogota 7s
3fts B-.Aug 1955
1947
♦Issue of
Consolidated Gas (Bait City)—
Gen mtge
—1955
Danish 5fts
Cities Service P A L 5fts. .-1952
May
♦Issue of Oct
4fts...—.-—1954
1927.
1927——i*
Continental Gas A El 5s..... 1958
Cuban Tobacco
5s..-1944
1955
Cudaby Packing 3ft».._
Pacific Ltg A Pow 5s.
Park Lexington 3s
lst 5s.
Electric Power A Light 5s
Penna Water A Pow
$ 100ft 103
99ft 99ft
25
Penn Cent LAP 4fts.
Eastern Gas A Fuel 4s—
1931
♦Mtge Bank of Chile 6s
.
Pacific Pow A Light 5s
3fts..
3fts
25
100 ft 101ft
105ft 105ft
$106
108
Mtge Bank of Denmark 5s.. 1972
♦
1958
(State) 7s.
♦Rio de Janeiro 6 fts
Parana
.
1959
♦Russian Government 6fts..l919
♦5fts
♦Santiago 7s
....1921
1949
-
Elmira Water Lt A RR 5s
$106
108
Phila Elec Power 5fts.
115
115
Empire District El 5s.-..;.;
Phila Rapid Transit Os
105ft 105ft
*
No
$96
n
Under-the-rule sale,
Portland Gas A Coke Co—
♦5s stamped
5s stamped extended
......
Federal Water Service 5fts.. 1954
Finland Residential Mtge
Bank 6s-5s stamped
4
...1961
Florida Power Co 4s ser C...1966
Florida Pow A Lt 5s.
Potomac Edison 5s E
...1954
fts series F.
Potrero Sugar 7s stpd
Power Corp (Can) 4 fts B
90ft
99
90ft
109 ft 109 ft
110
110
$100 ft 104
$71 ft
78
par
value,
a
Deferred delivery sale,
r
$ Friday's bid and asked
♦
Cash sale,
x
d Ex-Interest,
e
OJd-lot sale,
Ex-dlvldend.
price; no sales being transacted during current
week.
•
Bonds being traded flat.
{ Reported In receivership.
Abbreolntioits
Used Abocc—1"cod," certificates or deposit: "cons,"
"v t
c," voting trust certificates; "w
without warrants.
consolidated-
"n-v," non-votlng stock;
1," when issued; "w w." with warrants; "x w."
"cum," cumulative; "conv," convertible; "M," mortgage;
THE COMMERCIAL & FINANCIAL CHRONICLE
1822
Monday, May U, 1942
OTHER STOCK EXCHANGES
Friday
Sales
Last
Baltimore Stock
2 to May 8, both inclusive,
May
Exchange
compiled from
Stocks (Continued)
Par
Week's Range
for
Sale
of Prices
Week
Low
Price
Chicago Corp common...1
official sales lists
'
;•'
'
1
•
Last
■
■
Stocks—
Par
Week's Range
for
Sale
■
■.
of Prices
Low
High
29
Range Since Jan. 1
Shares
Low
38
100
9%
High
Arundel Corporation..... *
14
Bait Transit Co com
!
v
;
100
Sugar Assn pref vtc.l
Houston Oil pref.
/
6
2,327
4
Jan
5%
40
Mar
52%
Jan
107
112
11
-
-
»
MononW Penn PS 7% pf25
103
70
96%
Mar
100
9%
11%
Common pt
40
51
Jan
10
108
Mar
110
Jan
8% May
8% May
10
300
19%
303
19%
24
23% May
28
72
76%
16%
17
167
16%
Mar
19
90
9
89%
Apr
97
Seaboard Comm'l com.. 10
U S Fidelity &
11
22%
Western National Bank.20
6%
22%
23
637
27
-2
Guar
i
6%
27..
27
62
6%
Feb
6% May
7%
Jan
25%
Apr
31%
55% $14,000
42
Jan
51
Jan
2
1
13%
Par
>
100
13%
705
6%
19%
21
75
9
.
■
•
>:>
33
75
33
,
.,
3%
17%
50
3%
3%
17%
EHgle-Pichet!../..N.
Hobart A.
9%
Kroger
i
-
-■- -
Feb
Jan
19
25
if
8, both
inclusive, compiled from
Feb
3%
Apr
29 %
Jan
1,750
2%
Jan
30%
130
29%
Mar
37 %
6%
Apr
100
5
7%
200
16%
150
6%
~;15
15
200
14%
22%
23%
870
21%
8%.
19
Jan
Apr
1%
1%
100
1%
28%
227
24%
Jan
Feb
Jan
1%
Apr
32%
34%
1,700
29%
25"
v;;-V;::'-.
....
,
2
2
100
Gillette Safety Razor com *
Sales
Friday
,
Week's. Range
Last
Sale
.
Par
Stocks—
Amer Tel A Tel..
..100
Low
110%
3%
3%
200
1%
3%
22%
30
14%
190
;il%
Jan
8
11
250
7%
10%
Mar
7%
Jan
Boston A
Albany.
25%
Boston Elevated
Boston Herald-Traveler..*
.
134 %
Jan
80
94
Apr
103
Jan
91
Apr
55
245
42%
12
25
10 %
Jan
Mar
8
8
25
com
22%
1%
1%
64
6%
6%
331
24%
Jan
56
1%
9%
31%
1%
5
*
i.
•f
Co.——-10
£
Jan
Indep Pneum Tool
85c
Feb
s t
Unlisted—
23%
■
f
.100
Preferred B
Adjustment —.....100
Eastern 88 com
18
18
25
5%
Employers Group Assoc..*
21%
General Motors
22.19
1
-v. ....
New England Gas pref—*
New Engl Tel & Tel...100
North Butte
2%
Jan
85c May
Quincy Mining Co...—25
Shawmut Assn T C......*
Torrlngton Co (The)......*
United Shoe Mach Corp.25
0% cumul pref
25
Utah Metal & Tunnel Co.l
Waldorf SvRtem,
Apr
5
*
,.*
Feb
24%
22.19 May
3%
Jan
53
27 %
700
325
3
26
26
4
Jan
3%
Apr
35
Apr
1
Jan
2%
Jan
Apr
29%
Apr
Jan
35
Feb
Jan
5
Jan
4%
3c May
8% May
Apr
100
426
80
103
20%
21%
666
5c
Jan
64c
Feb
19
Jan
18
Jan
%
24%
75c
75C
75c
100
60c
Mar
1
8%
200
8 %
Feb
7%.
4%
256
7%
Apr
3%
Apr
22%
30 1
50%
52
53%
54%
37%
33%
38
29c
30r
650
29c
Ti"
23%
6%
i
22
25
30
'
i
23%
25
Nachman Springfllledcom*
c
Natl Cylinder Gas com... 1
27
Apr
3%
8
Mar
Apr
bo
5%
11%
Feb
rtrn
400
«■-
i
.
8%
115
Jan
May
'•
Apr
-.18
12%
May
,26
Jan
Natl Standard com..... 10
c-N Y Central RR cap...*
Jan
23% May
28
Jan
60
11
Feb
,
35%
72%
Jan
c
1
13%
57%
Feb
37%
Jan
Peabody Coal Co B com..5
6 % preferred....... 100
1%
May
Jan
43%
20c
46c
Feb
Penn Elec Switch A._
6%
Mar
y
7%
Jan
Pennsylvania RR cap...50
Peoples OL4 Coke eap 100
25
%
Jan
;v
1
Jan
95
21%
Jan
May
Apr
2%
Jan
100
25%
Feb
28%
Paramount Pictures
com
3%
Mai
Mar
4%
4%
6%
Apr
14
0%
Api
14
•-.
3
150
3%
26%
21%
•
iiv
v
4
Mar
20%
c
Pullman Inc cupltal—*
c
Pure Oil Co (The) com..*
7%
101%
23%
Feb
10%
Apr
Jan
32
;*
587
Par
City Ice A Fuel
32
■
Mar
Apr
40%
Feb
10%
9%
201
9%
9%
Apr
12
Jan
2x
Jar
10%
Feb
H
%
500
•1%
Feb
1%
Jan
31%
32%
34%
3i%
319
Jan
33%
35%
43%
9%
inclusive,
•
c
Glldden Co
com
Range Since Jan. 1
Low
9%
43%
170
8%
43%
1,071
U%
43%
11%
033
53
52
*
.*
a
10
23%
Jan
Apr
43% May
14%
Jan j
50
Jan
10
May
22%
25
"1:
10
11%.
110
12% a 12%
High
Jan
26%
65
10
22%
—
Jan
Week
Shares
High
9%
— .
...
for
Range
Low
*
General Elec com.
Apr :
Sales
Price
100
Fostorla Pressed Steel
33% May
Exchange
of Prices
Cliffs Corp com.—'.-—5
Elect Controller...
30
75
compiled from official sales lists
H'eefc's
*
Cleveland Railway
May
Feb
53
Mar
10%
27%
Jan
11!
Jan
Jan
3
Goodyear Tire & Rubber.*
al4% al4%
22
Industrial Rayon com..*
Interlake Iron com.,....*
«22% 022%
6%
6%
36%
37%
150
6%
Mar
90
30%
May
40
Jan
feb
12
Jan
5
Feb
c
c
Interlake Steamship....
Kelly Island Lime A Tr.
10
Jan
39
10
10
11%
24%
180
Prior pref 0%
National Tile
c
4
Mar
9
24%
Mar
7%.
•
Jan.,
137
50
4
Jan
<1%
Jan
37
%
*
%
155
%
100
7%
May
5%
Thompson Prod Inc
125
6%
al5% al5%
Bros......"....*
25
..*
019% 019%
«40% a46%
6%
6%
a30% a3l
50
Jan
Feb
Jan;
8%
Mar.i
Jan
35%
Jan i
Mar
103
Weinberger Drug Stores..*
0
17
29%
Feb
23%
25
U S Steel com.........*
Feb i
Feb J
Apr
17
532
i
Apr
%
9%
5% May
25
25%
Jan
43
Jun
7%
'
*
Republic Steel com.....*
2%
Mar
7%
,
N Y Central RR com..
Richman
'
157
1%
40%
new..*
Otis Steel;.
c
4
1%
39%
National Refining,
c
Youngstown Sheet A Tube*
25
6
Feb
7
.May
3%
.100
7%
•>50
.
21%
9%
'
"*
•
Apr
27%
JaD
7
10
8
-Apr
\
Apr
Apr
Jan
10
10%
100
10%
Jan
11%
375
11%
Apr
15%
i
%
Jan
60
Jan
70
Feb
14
369
12%
19%
Jan
24
220
36
Apr
47
50
21
Jan
20%
38%
22%
20%
36%
;
CO.
^
i
(
New York Curk Associate
Detroit Stock Exchange
!
Chicago Stock Exchange
Ford Building
1%
.
DETROIT
Telephone: Randolph 5530
22% May
20
100
''
l-
New York Stock Exchange
Feb
200
,'
Jan
10%
13%
1%
13
",r
''
-
Jan
Jan V, 5%
May
9%
250
69.
35%
WATLING, IiERCIIEN
Jan
22
v
1,264
22%
May
30%
33%
both
Stocks-
Jan
28%
Jan
13
6%
22%
7%
Apr
228
Apr
9%
10%
Sale
Jan
Feb
1%
52-
May
15%
Jan
Apr
21
50
5%,
7% : 7%
22% 22%
7%
7%
8%
8%
228
Jan
23%
60
L;Tv;*
20
Feb
42%
2
150
25%
Jan
>
% May tftl m
.3% May V 4 J
,!.:•
50
13
Perfect Circle (The) Co..*
Pressed Steel Car com.... 1
Apr
Feb
Jan
Jan
700
69
10
Jan
Mar
Mar
Apr
25
Feb
10%
Northwest Bancorp coin..*
Apr
Mar
<
Jan
27%
14%
100
3%
26%
3%
3%
4%;
22%
Apr
8%
510
46%
228
Friday
.'Jail
•
50
14
3%
26%
3%
3%
Y
i
.
Jan
Jan
%
10%
Mar
9%
<
9%
18%
23%
23%
7
Nash-Keivinator Corp.-5
50%
,v
to May 8,
i,'
Jan
Apr
98
Larnson A Sessions.....
Feb
%
.
125
I
•
■
21
50*4
1.
•'V
^
3%
25%
541
y
Apr
50
300
Montg Ward A Co com..*
Muskegon Motor Spec A.*
Jan
%
5%
Apr
Jan
25
•
200
1,008
.,
6%
1
•236
100
50
Nthwst Airlines Inc com.*
30
'
52%
54% t
38% ;
-
"3%
Miller A Hart Inc com v t c
Minneapolis Brw Co coro.l
Jan
10
10
•
4
400
9
14
Jan
22%
Feb
4
Feb
10
7%
8%
7%
4%
Jan
Feb
Apr
2%
140
8%
6% prior lien.......100
7% prior lien.......100
Jan
8% May
101%
Feb
28c
21
22 -•>
Jan
Jan
643
10*
18
!
Middle West Corp cap...5
Midland Unit conv pfd A.*
Midland Utilities—
%
May
'
Mrchnts A Mfrs Sec comAl
$2 cumul part pref
..»
Jan
,
v%
'■10
c Martin (Glenn
L) com__l
Masonlte Corp com. .....*
McCord Rad & Mfg A...*
Jan
14
..
74
Apr
%
200
4%
8
J
....
%
28
150
22%
Jan
3%
100
3
~4%
Lion Oil Ret Co cap......*
Jan
Mar
20
45%
"n~H
10
c
'
A
Common
■
v
3
Jan
24.28
Jan
27%
,
51%
200
%
%
.*
com.
1%
100
*
Warren Bros
Warren (S D) Co..^
21
10
4lc
2
3%
3%
Llbby eom..7
Lincoln Ptg $3% pref
*
Feb
6
Llbby McN
Feb
4%
1
com
Cumulative preferred..*
Feb
19%
-;•«
1
La Salle Ext Univ com...5
Feb
2
Jan
180
17
5
United Fruit Co.........*
50%
Jan
12
16%
*
Union Twl-t Drill Co
1%
245
Reece But Hole MachColO
Stone <fc Webster
Apr
Jan
8%
530
Jan
Feb
Mar
Mar
87
400
7%
17
L
(—50
12
3
55%
Jan
Mar
Jan
3c
35c
*
Pennsylvania RR
2%
1
Apr
1%
8
5%
Apr
19% May .25
10%
Apr
15%
3 %
2%
Jan
150
5%
4%
2.50
Pacific Mills Co
11%
.
50
31%
8%
100
220
•
5%
10
85%
Apr
5%
3c
,87
1%
31% May
20
3c
Apr
Feb
4%
1
bo
7%
51%
28
Narragansett Rac Assn..]
Jin
Apr
31%
Linotype..*
Jan
10%
6
4%
1
30
Apr
40%
2%
3%
May
108
100
33%
22%
8%
510
1,875
2%
2
28
30
100
6
Drug Co
32%
12-
50
Feb
42%
3%
5%
22.19
3%
33%
......
...
Mar
6
41
50
■
6
11%
Marshall Field com......*
6% cum pref.........50
Nat Service Co.
;•
•
7%
41%
Katz
May
102%
29%
27
228
}
Last
Interlake Iron Corp com.*
Jan
Feb
Mat-
300
Cleveland Stock
May 2
Jan
Internat Harvester com..*
21%
21
General Capital Corp....*
Gillette Safety Razor Co.*
18
5%
8%
8%
Mar
20
55%
f
Jan
5%
Jan
23
Jan
May
10
*
Mar
Jan
Jan
8%
20%
.V
9%
98%
-
32
...*
Feb
8%
Feb
75
3%
...'
*
Hathaway Bakeries pref.. *
Isle Royale Copper Co. .15
Lamson Corp (Del) com..5
2
12%
;
3
10c
164
2
Jau
10
3%
Jan
v.
1
,
Feb
Jan
Go
43
9%
Apr
Jarvis (WB) Co cap
Jan
May
-
Feb
.
25
:
■100
521
25
25%
Tlmken Roller Bearl ug.., *
Apr
7
1%
1%
*
4
20
10
48
228
City Ice A Fuel..c..
Jan
3%
1,000
20
1
com
100
98%
*
Am Rolling Mill
14% May
50
1
5%
c.-*
Inland Steel Co cap
Leath & Co
41%
-3
-
Mar
10
660
85c
2%
8%
Eastern Gas & Fuel Assoc—
4%% prloi pref.....100
East.Mass Pt Ry com.. 100
;
1%
30
5%
Apr
8%
30
Copper Range
50
22%
8%
1
Illinois Brick Co cap
10
Illinois Cent RR com..100
Mar
14%
1% May
5%
Jan
165
9%
31%
—100
22%
8%
Indiana Steel Prodcts
1%
Boston Pers Prop Trusts.*
Mergenthaler
300
7%
.
Feb
19%
Boston A Providence-.100
East Boston
7
Hupp Motor Car com....1
Jan
75%
12
Prior pref erred.100
1st pref stpd
7
Indianapolis P & L com..*
Common stamped... 100
1,000
7%
HibhSpencBarllett
Boston A Maine—
Cl A
10%
Houdallle-Hershcy cl B..*
153
84%
22%
53
12
Apr
101%
2,327
81%
21%
25 ; 21%
55
100
7%
Helleman Brewing cap... 1
Heiu Werner Motor Parts 3
High
51
9%
-100
20
'
4,507
100
97
84
IOC
Edison—
8
Harnlschfeger Ccrp com. 10
Low
42
Jau
9%
22% May
5
Feb
Mar
14%
Range Since Jan. 1
Shares
110% 113%
Bigelow-Sanfd Carp pref 100
Boston
for
Week
of Prices
High
Price
42
7
;
100
10
50
8% pref.i.
40% Jan
35% ''.Feb
Jan
Genl Outdoor Adv com... *
Gossard Co (H W) com...*
Gt e,akes Dr & Dk com..*
May
17
9%
*
US Playl lg Card
Apr
15%
28%
,
Apr
27%
14%
77
15
100
*
..
Procter & Gamble.......
3% May
Apr
Mat
15
GoodyearTlre A Rub com *
Feb
Jan
Jan
6
.....1
34
May
Apr
6%
107
•25
.vi .80
.
Lunkenhelmer
Jan
22
7%
Gen Motors Corp com.. 10
official sales lists
Jan
Apr
Jan
3
400
General Foods common..*
Boston Stock Exchange
2 to May
60
116
17%
9%
I*
-
289
•
0%
Gen Finance Corp—
May
Apr
.
100
...
LlttleM 1 am IG td. /
Jan
3A%
>
■
400
15%
23%
80
Apr •; 86%
Jan
8
22%
*
.1....
Columbia Gas
Common
5%
Jan
i
23
0
General Electric Co.—
86%
17%
'
Hilton,Davis pref..»J...5
Mar
29%
Gardner Denver Co com.
Mar
70
4
V
V
U S Printing pref
c
22
42 *»
*
Kahn-—....:,.i'^ ■ ■*
24%
6%
10
Jan
3%
22
2%
(Peter) Brewing com.5
High
Jan
.
42
Jan
2%
23
119
61
6%
i...j *
Dow Drug.
Jan
9
Feb
Feb
60
CinUn StocK Yds.......*
10%
Apr
8%
50
19
202
7
60
Low
363
80%
7
Cincinnati Telenhone...5()
Jan
Feb 4 X 8
6%
19
•80%
......
..60
Range Since Jan. 1
\
Shares
High
74
Jan
May
20
for
Week
'■
Low
Cln Gas & Elec pre(—.100
Cin Post Term prefr..-..100
12%
104%
Apr
Mar
100
Sales
of Prices
Price
Am. Laundry Mach....20
Jan
14
Apr
May
87
>
V
sales -lists
May
9%
10
from official
Week's Range
Sale
May
Apr
Feb
Mar
10%
156
7%
17%
FitzSmns&CuD&Dcom.*
64% May
11,100
:
7%
Feb
12
185
19
8%
*
Fairbanks Morse com
55% May
04%
;
Friday
Last
23%
Jan
1% Mar
.6% Feb
Jan
%
6
7,";.
33
*
Eversharp Inc common.. 1
Fox
54
170
•
14
6%
7%
Elgin National Watch Col5
Jan
62
5sflat..........1975
4%
1%
20
■
.
9%
19
Elec Household Utll Corp 5
Bonds—
A
420
88.
14
6%
Four-Wheel Drive Auto. 10
Bait Transit Co 4s flat 1975
Apr
i
Stocks—
Manlschewltz
Feb
26%
Drg Strs.2%
Curtiss-Wright...1
Eddy Paper Corn (The)..*
Apr
22
Jan
Apr
4%
Exchange
compiled
'
"
Glbion Art.'....
9%
88
Diamond T Mtr Car com.2
Mar
24
...
Mar
I
%
12%
11%
11%
30
100
DLxie-Vortex A
Jan
90
75%
H%
Dayton Rubber M fg com. 1
Deere A Co com........*
Mar
Northern Central Ry...50
pf 100
New Amsterdam Cas_—2
2%
17%
Jan
'
"i
9%
Apr
56% May
3%.
Jan
Ist pref.
Jan
22%
'
45
729
2
%
12 % |
Cunningham
Mar
Apr
Mt Vern-Wood Mills
;
Jan
300
7%
1%
.
*
7% cumul pref
Jan
23%
75%
Apr
Jan
482
5
7
shs v t c A 50
Common..
Jan
9%
9%
40
110
both inclusive,
Feb
Cudaliy Packing—
c
10
8%
8%
shs.—50
Crane Co com.......-.25
Jan
33
Apr
j.
8%
May 2 to May 8,
Jan
Cincinnati Street
Com pt si v t c B
Feb
85
Mar
Apr
"4%
Contnr Corp of Am com.20
Jan
115
41%
8%
8%
19%
•v
-
Mar
107
Jan
96o
9%
,
112
112
50c Jan
50
%
Mar
.
Co—
V tc pref part
Jan
47
.
40%
—100
.
80c
9%
|
^
Consumers
4,250
1%
18%
1%
4%
.
Consolidated Oil Corp...*
Jan
5%
r
--5
Jan
17%
25%
42%
60c
100% (100% 100%
1
Class B
Apr
May
4%
107
Fidelity & Deposit
20
Finance Co of Am A com.6
13%
23
42%
-
4%% pref B. —...100
4% pref C
...100
East
8
5%
Consol Gas, E L A Power.*
Davison Chem Co com
330 \
23
i
t c. *
1st preferred v t c
15
23
14%
Atlantic Coast L (Conn) .50
18%
Consolidated Biscuit com. 1
Cincinnati Slock
High
1
Apr
Apr
30%
100
200
18%
2%
Com'wealth Edison com.25
10
20
9%
56%
2%
54
Chrysler Corp common...5
Cities Service Cocom...10
>b«
28
100
38
100
Chicago Yellow Cab. cap.. *
Low
2,850
29
Convertible preferred..*
Week
Price
%.
Chicago Towel Co com...*
Sales
Friday
1"'
13.«
[
Convertible preferred..*
Range Since Jan. 1
High Shares
Apr
Apr
Feb
Feb
Jan
>■'
6%
100
6%
May
8%
524
Apr
Apr
10%
Jan
480
56
Apr
70
Exchange
Feb
255
21%
7%
26%
7%
Delroif Stock
Jan
23%
May 2 to May 8, both inclusive,
compiled
from official
sales
lists
<T
Quaker Oats Co common.*
Chicago Stock Exchange
May
2 to May 8, both inclusive,
compiled from
official
Preferred
lists
Sales
Last
Abbott Laboratories com.*
Acme Steel Co cora^
Week's Range
for
Sale
Par
Stocks—
of Prices
3.7%
25
"io%
Aetna Ball Bearing com._l
Alll8-Chalmer8 Mfg Co—»
c
Am Had A St San com..*
Amer Tel A Tel Co cap. 100
c
Armour A Co. commi
c
in
Anaconda Copper Mln.50
Low
High
37%
44%
10%
23%
4%
3
12
32%
Bliss A Laughlln Inc com.5
11%
11%
22%
12
3%
3%
5%
*5% /
5%, cum conv pref....30
Cent 111 Pub berv 80 pref_*
conv
Cent S W Util com
570
265
3
37%
130
310
13%.
.50
20
150
23
2%
27%
3
32
650
Apr
Jan
!34
150
2.50
49%
Jan
48 %
J xn
11%
30%
Mar
Jan
50
§7 prior lien pref-.....*
oc Lt pref.*
Cent States Pr
4
1824.
28
31%
150
3
2%
2% -2%
1%
10%
20% 21%
32% 34
125
2%
170
2% ' Api
1 % Mar
2,200
5%
4%
6
1,200
Jan
Sundstrand Mach T'l
Swift A Co capital.,....25
Swift International cap..16
14
com
5
'15%
Texas Corp
Jan
Thompson (J R) com....2 <
67
Jan
Trane Co (The) com....25
Transoon A West Air Lnc5
11%
19%
Api
15
Jan
23%
Mar
13
Mar
3%
Apr
Feb
20%
Feb
capital.(4..25
•
5%
305
32%
"5%
5%
337
.'-150
8%
50
,15% May
20%
Apr
19%
15% Apr
70
42%
8%
United Air Lines Trnsp cap 5
U S Rubber Co com.—10
U S Steel oommon
....»
15
47%
cum preferred... 100
109%
1%
Walgreen Co
common
*
Jan
Feb
WIsconslnBank8harescom*L
be
Apr
be
3,000
%
Mar
Apr
•it
Jan
Wrlgley (WmJr) Co cap
Jan
Feb
Yates-Amer Mach cap—5
c Yellow Tr & Coach cl B. 1
Feb
Kenlth Radio Corp oom..»
7%
Jan
Detroit
Jan
Det-Mlchigan Stove com_i
""•I %
Jan
Frankenmuth Brew com.l
1%
•
F
24
60%
43,
9%
16%
589
8
,
40%
109
,1%
47%
>18
251
100
-
707
111%
489
1%
450
■
16%
58%
41%
7%
13%
45%
109
1%
.
Apr
May
-1
.
i
-
Jau
Kingston Products, com.
Feb
Kresgef (8 b) com . . .v. i 10
McClanaban Oil com;..-! V 20c
Murray Corp com...1,..10 v-5%
39
-
Jan
Feb
_
4%
16%
50
69%
4%
113
63%
Apr
400
4%
Mar
4%
3
■„*L.
3
550
16
2%
Apr
Jan
Apr
Jan
„
,;73c
450
2
1
■
Jan
Jan i
l<'eb !
.c
70c
Jan
100
30c
200
t
.; 49c
200
;
...
155
45c
%
Jan.
4%
65o-
Apri
Feb-
1%-
Feb
•
Aprj
60c
23c
Apr
5%
Jan.
21%
5%
400
4%
2%, .2%
20% i 21 {
; .5%
310
2
)
>
Mar
16q
5
■
17%. Mar
1,100
2%
Parke, Davis
com...•.-,„.*
Peninsular Mtl Prod com. 1
Jan
-JA
55%
119%
Jan
River Raisin Paper com..*
Jan
Mar
ShellerMfgcomi..-.r----l
Std Tube B com
U---1
Jan
Reo Motors com.
Udyllte com^.
=
Jan
4
Jan
02%
Jan
Universal Cooler B.J—*
y
Feb!
Jan f
2
Apr
5
100
56c
3
Mar
27
Mar
100
2%
2%
2%
2%
1%
v
•
%
Janl
Apr
-•
•('
•
7 Jan
Jan
6%; -Feb.
76c
4
Mar i
•vJan'
,200
2%
Jan
2%
Mar!
100
2%
.Jan
2%
Mar
100
1%
Mar
2%;
2%
100
1%,-Jan
2% Apr
2%;
2%
100
2
Feb
3
3
100
""'SDC
3
Feb
80c
80c
400
75c
Jan
69c
69c
69c
/u 100
47c
Jan
1 %
975
1%
Jan
100
2%
Jan
1%
3%
Apr!
300
3c
Jan
6c
Feb l
.
205
2%
50
2%
Jan
com—_..l
10%
11%
120
10%
May
3%
13%
1
Jan
Wayne Screw Prod com..4
3
1,550
8%
Mar
12%
Mar
Wolverine Brewing com..I
Warner Aircraft
19%
155
68c
68c
1%.
2%
Union Investment com
Apr
.Jan
3%,'3%
■
68c
—--1
— *
Jan
Jan
858
.
%
3,
33
3c
,v
,
.
i
Jan;
Feb:
17
1Feb
17%/ 17%
20c
20c
Apr
99c
Apr
Jan
400
,.
Feb
2%
Jan
15%
3%
II
3%
35.
Mar
,150
,..287
.
16
49c
Parker-Wolverine com.^**
United Shirt Dlst com. ^ *
U S Radiator com..... —1
Mar
2%
30%
46c
1%
44%
10%
110
1,478
4%
10%
11%
2
1%
43%
2%
40
2
Apr
•
Jau
Mar
Jan
5
Mar
1%
-2r.
-
46c;
1
— —
Mar
18%
81%
1%
900
2%
4%
4%
L
11%
17%
1%
1,450
,33
73c
Hurd Lock A Mfg corn.—1
(
Mar'
18%
1%
15%
Jan
74%
47%
Jun
1%
Apr
Apr
78c
15
■'■?:>
Goebel Brewing oom
Jan
■
3%
Jan
75c
1,595
2
.
2%
Jan
Mar
200
2,335
75c
1%
1%
Graham-Paige common—1
8%
300
May!
.
••
Jan
■
1%
16%
2%
■.„•
Apr
Apr
Apr
14
2
19
Msi
May
May
Feb,
56
12%
33
Apr
10
Jan
150
Gar Wood Ind com...:—3
24%
Ma.
0%
40%
Mar
247
Gen Motore com.—i—10
Jan
"-0-.V
1%
7%
Jan
'r
25
High
Jan
12%
3.
75c
Hoover Ball A Bear com 10
Hudson Motor Car com.,*
Jan
8%
•
Gray Irom com.5
5%
•
6%
146
56
Jan
>, 1% May
6
1%
12%
2%
? Jan
27
30% Apr
.'5% May
:
16%
WoodaJl Industries com..2,L.
100
Continental Motors com.l
Detifc Clev Nav com. ...10
Detroit Edison com
.20
'42%
Mar
67%
Westnghs EI A Mfg com.50
6%
Mar
43
Apr
Packard Motor Car com..*
be
Apr
500
939
59
150
May
15%
22
8%
Union Carb A Carb cap..*
U 8 Gypsum Co com....20
350
4
Jan
22%
Apr
....
100
1%
10%
2%
1%
Feb
11%
Mar
4
*
be
73
5.
353
15%
21%
20%
8%
Utah Radio Prods com_..l
30
Feb
Low
1%
6%
2 "
Jan
6%
100
1
Range Since Jan. 1
Shares
56
5
Apr
■
*
4%
Apr
31
for
Week
of Prices
High
FjOW
Chrysler Corp com..i—5
Consolidated Paper com. 10
30
Feb
.20
Burroughs Add Mach
Kiasel Drug com.
Jan
6%
4%
10%
750
Feb
39%
73%
400
4%
Jau
33%
Apr
Week^s Range
i
1%
6
Feb
933
31%
22
22% i
Apr
54% May
29
400
Price
Brown McLaren common. 1
Jau
57%
29
10
Jan
5
Apr
Par
Stocks-
Feb
•
43% May
4%
Apr
27% Mil
.150
4%
Jan
30
1,623
Stewai t Warner Corp com 5
c Studebaker Corp com.,.1
Mar
Jan
Jan
30
44%
4%
Jan
4
39%
34
5%
29%
73%
43%
4%
100
1%
......20
%
50c
4
1%
Preferred
Standard Oil of md cap.25
Stand Oil of N J cap...25
lie
Preferred———*
12
19
1 %
5%
710
Ja-
Apr
28
Standard Brands com..*
Jan
12%
Jan
41%
Apr
4% May
10%
15%
3%
Sterli ng B re were I nc c om. 1
3
50
510
349
;
Jan
10
44%
4%
..1
For lootnotes see page
c
7%
pref*
11
c
700
35
Jan
Sales
Last
Feb
3%
Jan
200
14%
146%
Jan
31
*44%
May
19%
Mar
2%
Jan
850
145
140%
4
Standard Dredg Crp com. J
4%
Jan
Friday
Jan
09
4%
3%
14%
11
15%. .10
Sth Bend Lathe Wks cap.5
Spiegel Inc common.....2
15%
Jan
V
100
2%
133%
28%
5%.
20%
•
2%
11
com *
Feb
5
H%
22%
Republic SteeiCorp
Apr
13%
11%
1,007
v
*
com
Serrick Corp B com
1
Signode Steel Strap pref.30
Can
Foundry cap.........*
Common
Apr
Apr
13
com_.J 1
Butler Brothers........10
Central 111 Secur
Jan
Apr
Apr
54% *55%
Bruce Co (E L) com...,.5
Campbell Wyant &
9%
12%
32%
5%
32
5
Borg Warner Corp com..6
Burd Piston Ring
350
210
3%
13%
Beldeu Mfg Co com
Bendix Aviation com.—6
10%
24
102%
Bastian-Blessing Co com.*
High
37% May
44% May
300
3%
Berghoff BrewlngCorp—I
c Bethlehem Stl Corp com *
53
1,661
36%
40
124
44%
4%
.5
n
38%
Low
110% 113%
Atch Top & S Fe com. 100
Aviation Corp (Del)..—3
Corp of Amer
Sears Roebuck A Co cap..*
Shares
24%
141
59
142
Range Since Jan. 1
22%
3%
24%
Radio
Reliance Mfg Co com...10
Rollins Hosiery Mills com4
Week
Price
56%
Sale
c
sales
c
Friday
58%
....100
3
*
-Jan'
2%
3%
Jan i
S5c
Mart
75c
Jan
Jan
'
Jan
Volume 155
Number 4071
'
1
THE COMMERCIAL & FINANCIAL CHRONICLE
-■
-
1823-
OTHER STOCK EXCHANGES
San Francisco Slock
Philadelphia Stock Exchange
May 2 to May 8, both inclusive, compiled from official sales lists
j
Week's Range
Last
Sale
uj
i
Price
Low
Prices
High
to May 8,
both
Sales
•
Fridai
2
May
inclusive, compiled from official sales lists
Friday
for
Week's Range
Sale
Price
[Alrcraft Accessories inc 50c
American Stores....
Bandlnl Petroleum Co..-I
of Prices
Low
High
Sales
Range Since Jan. 1
for
Week
Week's Range
for
Shares
of Prices
Week
Stock9-
American Tel A Tel..... 100
Budd (EG) Mfg Co
Barker Bros 5%% pref. .50
.BaruhaitrMvrrow Cona-.l
;Blue Dl '.njoid: Corp.
2
Bolsa Chlea Oil
1
Alaska-Juneau Gold MlnlO
Calaveras Cement pref.100
Calif Cotton Mills com. 100
General Motors..10
Icalif
Calif Packing Corp com..*
Preferred....
(NY) com..*
Caterpillar Tractor com..*
Lehigh Coal A Nav. ...v.*
Packing Corp com.1.*
Lehigh Valley.
—
.
Cent Eureka Mln Co com 1
i. 50
Creameries of Amer Inc—
Natl Power & Light......*
'I' Common
;Chry8ler Corp.
5
^Consolidated Oil Corp...*
'Consolidated Steel Corp..*
Pennroad Corp v
i
!
Preferred.....
..*
Creameries of America... 1
50
PcnnaSalt Manufac.
Phil Elec Co
Electrical Products Corp.4
—
........1
Crown Zell'baoh Corp com5
Preferred
..*
e..... 1
Pennsylvania RR:.
...50
Calif Water Service prcf.25
Carson Hill Gold cap.....]
Horn.& Hard(Phlla) com.*
Cessna Aircraft Co..1
Cypress Abbey Co
.50
.2
Dl Giorgio Fruit pref... 100
4%% Pf—100
El Dorado Oil Works
Read! ng RR. 4...
50
1st preferred.
...—50
*
Emporium Cap pref
w w.50
Ewa Plantation Co cap..20
*
General Motors Corp com 10
Scott Paper.
Gladding McBean A Co..*
Goodyear Tire A Ruhr Co *
BunOU.;-.
Fireman's Fund Indcm.. 10
44 i—*
Fireman's Fund Ins Co..2o
Tonopah Belmont4...MOc
GallandMerc Laundry...*
United Gas lmpcom.....*
Tntercoast Petroleum._ 10c
Foster A Kleiser
Transit Invest Corp pref 25
United Corp pref———4.*
'Hudson Motor Car Co.:.*
General Paint Corp com..*
Lincoln Petroleum Co.„10c
Lockheed Aircraft Corp..l
•
Preferred.
2%
Golden State Co Ltd
i
■
*
1
.
Bonds—
Am Tel A Tel
w
i 3 s... 1056
Oceanic Oil Co......
1
,;f,7.yj:--
Honolulu Oil Corp cap...*
.
Honolulu Plantation Co.20
'Pacific Clay Ptoducta..4. *
Hunt Brothers com
Pac Finance Corp com.'. 10
Pacific Gas A Elec com...25
4; May
Langendorl UtdBakB.—*
LeTourneau R G Inc
2 to May 8,; both inclusive, compiled from official sales lists
Week's Range
for
Sale
of Prices
Week
Price
•Robert*Public Markets..2
Low
High
Range Since Jan. 1
Magnavox Co Ltd
1
Magnln A Co (I) com....*
Shares
Mcnasco Mfg Co com
Ryan Aeronautical Co...l
Natomas Co
Allegheny Ludlum Steel..*
Blaw Knox Co...-
Security Co units of ben Int
Shell Union OH Corp. ...15
North Amcr Oil Cons...10
*
Occidental Insurance Co. 10
Occidental Petroleum.... 1
1
*
•Signal Pet Co of Calif
1
Harbison Wlkr Refrac com*
Lone Star Gas—
So Calif Edison Co Ltd .'.25
Mnuntain Fuel
6% preferred B._....25
<
5!*% prefclC.--.__4.25
Southern Pacific Co.....*
Oliver Utd Filters cl A
*
*
.
.
.
.
....*
Class B
Supply.. 10
Pac G & E Co com.....25
Pittsburgh Coal Co pref 100
6% 1st preferred
5 %% 1st oref
Pittsburgh Oil A Gas——5
Pitts Screw A Bolt Corp.. *
Standard 011 Co of Calif.. *
.
.
O'Connor Moffatt cl AA. .*
•Signal Oil A Gas cl A
i
.
i
——*
...5
Ducjuesne Brewing.
Fort Pitt Brewing...
_.
.
Sales
Last
..J
...»
,
.1
Llbby McNeill A Libby..7
Lockheed Aircraft Corp..l
Friday
Republic Petroleum com.l
.
10
U Preferred.....;..4.10
Pittsburgh Stock Exchange
:Paclflc Indemnity Co..^10
Pacific Lighting Corp com *
25
25
Pacific Light Corp com..*
■Hupcilor Oil Co (The).4.25
Shamrock Oil A Gas.. —.1
I
}•;;
'■£ '
Transamerlca Corp......2
Vanadium Alloys Stl Crp.*
Pac Tel A Tel com
Westinghouse Air Brake-..*
Paraffine Co'8 com_....—*
Transcon A Western Air.5
Westinghouse El A Mfg.50
•
•;
'C^Uniisfced—V1
ckllfornlai 425
•Union Oil of
.Vuitee Aircraft inc
,
;'•-•'•••
•-
-.
:*
100
*
Pig'n Whistle pref
•Puget Sound P A T com.. *
R E & R Co Ltd pref.„ 100
;L'
Pennroad Corp v.t
*.i
-...—*
S5 dividend
C.....1
Rayonler Inc pref
25
Republic Petroleum com.l
Wellington Oil Co of Dcl..l
y
v-v.
Richfield Oil Corp com...*
Mining Stocks—
■
'
.
*
Holly Development..
Westmoreland Coal.... .20
Menasco Mfg Co
...1
Occidental Petroleum.... 1
.
Gladding McBean & Co..*
i: •..>. 44 44v*
j
com..
Gen Motors Corp com..lb
Greyhound Corp com
Los Angeles Invest Co.. 10
Richfield Oil Corp
.
-
'Exeter Oil Co A common.1
Rice Ranch Oil Co
Shares
Associated Ins Fund Inc. 10
Broadway Dept Store Inc.*
Horn A Hard
High
A lrcraft Accessories.... 50c
*
Chrysler Corp.. ;.......6
Electric Storage Battery 100
common..
Low
*
.....
Budd WheelCo—44—*
!BucKeye Union Oil Co pf.l
jByrou Jackson Cow.-..-.*
Exchange
compiled from official sales lists
Sales
Last
Week
Shares
May 2 to May 8, both inclusive,
Cardinal Gold Mining
1
VV:L; •'
I
Unlisted Stocks—
Shell Union Oil com....15
St Louis Listed and Unlisted Securities
Amer Had A Std San!.::.*
Amer Smelt A Ref Co
'atH*a4M
•
*
American Tel it Tel Co.100
112 .'112
M1 u Co 50
(HI.) —...6
i
Edward D. Jones
ft24 Vt «24 A
a2H
:
Fo Rv..—100
02 H
/
25
Aviation (Mrp (Del).....3
4.;
at 1%
t c. 13
IBarnsdolI OH Co
...5
<
Bendix Aviation Corp.—.5
Betnlenem bteeiCorp....*
Borg-Warner Corp
t
•*
.•
a\\A allH
08%
b&H
022% 02-2%
a55
alA
Service Co.. .4.4.10
a2A
a7%
sContlnentftl Oil Co (Del). 5
20'
i'Curtlas-Wright Corp—— 1
Class A—......4.....1
Membei»
i:
■
a 22
Wells Fargo Bk & U Tr. 100
!
—*
Goodrich (B F) Co.......*
a'2%
SI. Louis Stock
May
2
to
May 8, both inclusive,
30%
I-, Sale
Price
."•
American Inv com
Exchange
Anglo Nat Corp A com. ..*
Atch Top A Santa Fe._100
Aviation Corp of Del..... 3
Bendix Aviation
Corp..—5
Sales
TFeefr's Range
V
of Prices
Low
High
Bunker Hill A Sullivan.2K
for
Cities Service Co com... 10
Week
Cons Edison Go of N Y_.*
Shares
Curtls8-Wrfght Corp.:
1
—
.5% preferred.—
Electric Bond A Share
5
Brown Shoe com...';
General Electric Co.....*
Goodrich (B F) Co com—*
10
McKesson A Robblns. —18
Montg Ward A Go xuc...*
Mountain City Copper;.5c
N Y Central RR Co
100
Columbia Brew com
\
■
Unlisted1-*
Dominguez Oil Co.
39%
Loew'a Inc.————*
1
"
Blair A Co Inc capital...!
28%
'
Bell Teletype SL 593
compiled from official sales lists
Friday
a2A
22%
Yosemlte Ptld Ccm pref. 10
Postal Long Distance
Amer Tel A Tel Co
20
*
"
'
Amer Vlscoe Corp com.. 14
Anaconda Copper Min..50
.a22
•Kenneoott Copper Corp.. *
■
•
Western Dept Sts7 % pref25
Yellow Checker Cabser 150
Phone
CEntral 7600
y-'- NeW iYork, Curb Exchange Associate
a22% a34%
all% a2S%
a 16^ altih
General Foods Corp
.'*
Union Oil Co of Calif...25
'
Chicago Stock Exch. •
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
Last
General Electric Co.....*
i
Transamerlca Corp......2
aa6%
r
•
1' Preferred
New York Stock Exchange
a3
I
Spring Valley Co Ltd....*
Standard Oil Co of Calif. .*
v''i;4'v|Established 1922
*
a2%
a7%
a3
Pulp Co com.5
So Cal Gas Co pref scr A.25
Co.
aiyH
•Commercial Solvents Corp*
Pel Corp
&
■
Continental Motors Corp. 1
lot Tel A
Soundvlew
Tide Water Ass'd Oil com 10
St. Louis Stock Exchange
a56 H
r
Sv.'Y-v
Canadian Pacific Ry Co.25
4'Cltlcs
Signal Oil A Gas Co cl A._*
v.;:.
a22H a23%
...5
"'iy:-;?
v".
:.-svV;":L
70S Olive St.. ST. LOUIS
•
,
v
■■
"
ai7A'aWt%
a\4A aI5?i
a2% ! a2%. a2'A
Atlantic Refining Co
Baldwin Loco Wks
:V^,.^-v''';74444i^4v4.444
Southern Pacific Co.....*
Atchison. Topeka A Santa
r
L'-;*yiiL'V:.y;4
aWA «3674
'A nacond&Copper
Armour A Co.
.
Idaho Mary
Dr Pepper common.
a25% a27
1.65
North Amer Aviation Inc.l
a
1.55
7%
*
-7%
*
com—,_*
Kenn Copper Corp com..*
Class A-4.---—-100
Matson Navigation
Emerson Electric com....4
10)4 all
Mines Corp.l
IntlTel ATelCo
EI der Mfg common: .4 4 4 .*
v
Co...*
Montgomery Ward & Co.*
*
Falstaff Brew com———.1
Packard Motor Car Co...*
Huttig S & D common.. .5
Preferred—4..i-.—. 100
North American Aviation 1
60
*
International Shoe com..*
Packard Motor Co com..*
:*
Laclede-Christy Clay Prod
V Common...—...
Paramount Pictures
Seaboard Oil Co of Del...*
Laclede Steel common..20
Pioneer Mill Co.
North American Co
cap.*
New York Cent RR
'Pennsylvania RR Co
'Radio Corp of America
■Republic bteel Corp
No American Co com.-.lO
com.l
Pennsylvania RR Co...60
.20
—
Scars Roebuck A Co
McQuay-Norris com.j.4.*;
Radio Corp. of
Socony-Vacuum Oil Co. 16
Midwest P; & S. com 4:..*
Republic Steel
Standard Brands Inc....*■
Mo Portl Cement com.i25
So Calif Edison Ltd com 25
Standard Oil Go (N J) ..25
Studcbakcr
i
Nations! Candy com..
Corp..:.44—1
1st
Swirt A Co—.25
I
Texas Com (The)
Corp .*—..
:
_■*
—
5%% preferred..
25
25
Standard Brands Inc...—*
Stand Oil Co of N J....25
*
United Aircraft Corp cap 5
U 8 Petroleum Co
1
Securities Inv pref.....100
Sterli ng Alum com1
United States Steel com.. *
Wagner Electric com.4.416
* '
.•United Air Lines Transp—5
Utah-Idaho Sugar Co com 5
Warner Bros Pictures....5
United Aircraft Corp—5
IU 8 Steel Corp.,
6% preferred
i 100
-
Scullin Steel common
25
'
—
Rice-Stix Dry Gds com..*
-Union Carbide A Carbon
1-
preferred.. 44..
America..*
*
i
*
Bonds .£--v••
-.■
Westates Petroleum com.l
St L Pub Serv 1st 53-1959
Warner Bros Pictures Inc.5
Wcetinghousc lil A Mfg.50
1
25-year conv inc.
_
Preferred
--1
..1961
CANADIAN MARKETS--Listed and Unlisted
Friday
Montreal Stock
i
Exchange
May 2 to May 8, both inclusive, compiled
Stocks (Continued)
Par
Building Products A.—..*
Last
Bulolo
of Prices
Low High
Week
Price
...„..5
Canada Cement.—..—;.*
for
Sale
Stocks-
Week's Range
,•
Week's Range
for
of Prices
Price
Low 4:
High
Shares
».
Preferred.
100
Last
Stocks (.Continued)
Canadian Pacific Ry
Cockshutt Plow
—
..*
..
Asbestos Corp
Brazilian T L A P
"Brit Col Power Corp A...*
•Brock Silk Mills..
—
—
...*
:
.
—
....—.25
Celanese
Rights.-.
—
*
........—*
Cndn Foreign Investment *
8
—
Preferred.
Canadian
14
144
*
Dominion Coal pref...
—
—
Bathurst Pow A Paper A.*
Bell TelcDhone Co
100
Distillers Seagrams...
5% preferred..
....50
Cndn Car A Foundry.
—* —4
Associated Breweries.....*
14;
Canadian Ind Alcohol
.
'"
Class
5'
For footnotes see page 1824
1.
B—
*
Dominion Bridge
Dominion Glass......
Dom Steel A Coal B..
Dominion Textile
Dryden
Paner
Electrolux Corp
Foundation Co of Can
for
of Prices
Low
High
Week
Par ,Price
25
*
Con Mining & Smelting—5
Crown Cork A Seal Co...*
Can North Power Corp..*
Shares
8]
Week's Range
Sale
Range Since Jan. 1
Canada Steamship—____.*
iAlgoma Steel..
Sales
Friday
Week
from official sales lists
Sales
Friday
Sales
Last
Sale
Shares
Range Since Jan. 1
THE COMMERCIAL & FINANCIAL CHRONICLE
1824
-Monday, May 11, 1942
-
CANADIAN MARKETS-Listed and Unlisted
Sales
Friday
Sales
Friday
Last
G at ineaa..—:>
>
Last
Week's Range
for
Week
Sale
o) Prices
-
Mines (Continued)
Shares
Dome Mines Ltd..
*
-1
J-M
•
*
---100
Week
Price
Par
Shares
Hlnde A Dauch
Home Oil
Homestead
»
Consol'd Gold
for
of Prices
Low
High
Holllnger...
Honey Dew., J.
-Howey.
Inspiration Mln A Dev.-.l
5
100
Hudson
Mines
Bay.:.
Huron & Erie..
Ltd..
Kerr-Addison
Imperial Bank
Imperial Oil.......;...
Lake Shore Mines Ltd.._l
Mining..—.*
Macassa Mines....
Madsen Red
Imperial Oil Ltd..
Imperial Tobacco of Can.5
Preferred
£1
Inter national Bronze ■—...*
Preferred———*
-25
'
Stocks (Continued)
High Shares
—*
Falconbridge Nickel
Howard Smith Paper
Preferred..:
„
l-'-J.
"
Holllnger Gold Mines
Holt Renfrew pref
Low
Week's Range
Sale
Eldorado Gold Mines*.„i
Preferred..———-—100
\
Price
Last
Range Since Jan. 1
East Malartic Mines—.—1
*
General Steel Wares
Hudson Bay
Par
Sales
Friday
Week
100
5% preferred
■
for
of Prices
Low
High
Price
Stocks-
r
Week's Range
Sale
—1
Imperial Tobacco ord—.
Lake..:—,'—
Inspiration..
.
—:
«
.
Int Met A.......;.....
Normetal Mining...*
*
O'Brien Gold Mines.....!
Preferred
.1
Pandora-Cadillac Gold... 1
International Nickel....
Int Nickel of Canada..—*
Pato Cons Gold Dredging 1
i
International Pap»er pref 100
Pend-OrlelleMines A M.l
Perron Gold Minee Ltd.. 1
*
Inter Pete Co Ltd.—
Preferred..:...'...^;
International Petroleum.
Jason Mines.
International Power preflOO
Sherrltt-Gordon Mines...1
Kerr-Addison...
Slscoe Gold...
Lindsay C W—.. —U—-*
Kirkland Lake
...1
Sladen-Malartic Mines.. .1
.
Lake Shore
Sullivan Cons Mines,.... 1
100
Lindsay (CW) pref
Laura Secord
Lcltcb..—
Walte-Amulet Mines..... 1
Massey-Harrls..———*
'McColl-Frontenac OH.... *
Mont L H A Power Cons.»
Montreal Loan A Mtge. .25
Montreal Telegraph... .40
Wrlght-Hargreaves Mines*
Montreal Tramways..* 100
Anglo-Canadian OH Co...*
McL-Cocksliutt
Calgary A Edmonton.. —*
Canadian Oil Cos
*
Madsen R Lk
National Breweries
Preferred.....
Little
1
Wood-Cadillac Mines
Corp.*
Noranda Mines Ltd
*
Maple Leaf Mill, pref...
*
*
Home Oil Co Ltd.—
Masscy-Harris new
Preferred new
Homestead Oil A Gas Ltd. 1
McColl
Royallte Oil Co Ltd...... »
>•
v
Mclntyre;
100
Toronto Stock
■-.---*
Ltd
Regent
*
Knitting pref
Exchange
25
pref.. 100
Southern Canada Power.
SteeFpo of Canada
!
Shares
Ashley.
1
Commerce
Montreal
Nova Scotia
Barkers
J
Base Metals
Bathurst Power A
loo
:
.....
Bear
Beatty Gold
BellTelephone
Bidgood K
Blue Rbbon
.
Week's Range
of Prices
Low
High
Brit Dotn OIL
Aluminium Ltd...-
Pr Metals
Sllverwoods
pref
*
Simpsons pref.—.100
*
——100
Malting
Canada
Canada Steamship Lines..*
Can & Dom Sugar Co
I
Can Per Mort
Siscoe Gold
Canada Malting Co Ltd..*
Canadian Breweries
Steel Can
20
Steep Rock
...—*
Sullivan *.
Preferred
Sylvanlte——
Canadian Dredge
Canadian Malartic
Cdn
1.
Wallpaper A
-
Central Porcupine—
preferred... 100
cum
.5
Fairchild Aircraft Ltd
6% cum
J)—
pref——
Intl Paints
Walkers
(Can) Ltd A„*
Class B
1
*
—100
Winnipeg Electric pref. 100
Davles Petroleum..
DistSeagr...
1
—
FL,
Preferred.
Crow's Nest Coal
Intl Utilities Corp cl A...*
W Can
1
*
*.—.•_*
-
Wendlgo..
Westons
Cosmos..
100
.....—: ....
Waite-Amulet
Consumers Gas.
Freiman Ltd (A
.
...
Consolidated Smelting.
*
Fraser Cos vot trust
*
..*
Ventures..
Cons Baks
Ford Motor of Can Ltd A. *
...25
:.:*-l
Upper Can...
V ermilata.
Cocksliutt Plow
*
..—
—
Steel
United
—
Coehenour Will
.....
Fleet Aircraft Ltd..:
United Fuel A......—50
Chesterville
Chromium..
Fanny Farmer
*
...—.*
Transcon Res
Uchi Gold--.....---1
B
Central Pat
7%
1
.....1
Union Gas-..—..*—*
B—.
Canadian Wirebound..
Eastern Dairies Ltd—
... .....
TT Tailors
Canadian Pacific Ry...
Dominion Woollens pref .20
.
Teck-H ughes
Canadian Oil pref..**
Donnacona Paper Co A..*
.
Tamblyn....*
Cndn Ind Alcoholcl A..
Consol Bakeries of Can
Dom Oilcloth A Linoleum *
*
..>—•* — 1
*...
.
Cndn Power A Paper Inv. *
Consol Paper Corp Ltd...*
—
Bud Basin..::...
Canadian Car..
*
*
*
Stand Radio.
*
Preferred
1
*
South End Pete
*
Canadian Can A
1
—
Slave Lake......—.....1
OndnBank of CommerceiOO
Canada Northern Power-r-
—
Sladen-Malartic..
50
Preferred
1
*
Shcrritt-Gordon.......—1
---100
Calgary Pw 6% cum preflOO
...1
Shawlnlgan......
*
—
1
.....
Senator Rouyn...
50
Brit Amer Oil Co Ltd—-*
■
;
Sand River..:.
*
Canada Cement
Preferred
— —
Suu Antonio..
Beauharnois Pow Corp...*
Cndn Dredge A Dock....*
Cudn Industries Ltd B.,_*
,
Saguenay Pdwer pref:*100
—
Beldlng-Cort7% cum prflOO
)
*
—
—
Canada Bread B
Preferred
.
Russell Ind-.i.....
Calgary & Edmonton
7% cum preferred... 100
Canadian Breweries Ltd..*
.
Royal Bank..
Royallte—.
—
Bathurst Pow A Paper B.*
Brewers A Dlstsof Vane..5
.
Reno Gold..
Bunker Hill
.*
..
Preston East Dome
Build Prod......
.*
—
Queenston..
Buffalo Canadian
preferred—.100
cum
40c
Premier
Buffalo Ankerite.
6%
1.40
Corp.—.—...
—
Broulan—
Shares
Abitlbi Pow A Paper Co..*
»'
1,35
45^0
Powell Rou
Quemont.
Week
Price
1.45
Pow
for
Sale
14c
1.08
1.38
Pioneer
*
Oil
14c
1.05
Pickle-Crow
*
Brazil Traction
2Hc
100
55C 58
Paymaster
.
British American
99
Perron—
British Columbia Pow A..*
Sales
2c
....
Parmour—*
1
Bralorne.
Last
Pacalta Oils
Page Hersey.......
—-—1
Bonetal
both inclusive, compiled from official sales lists
Orange Crush com.
preferred..50
Bobjo
May 2 to May 8,
Ontario Nickel
1
—
3
Okalta Oils
1
-1
.100
Expl
2H
O'Brien Gold
---*
50
*
.:.*
—
Preferred
43
71c.
62'Ac
North Star pref...
100
Bank of Montreal
33c
90c
42 A
Normetal—
1
Aunor.--.
,
10c
-
85c
Noranda
1
*
mm
9c
30
135
33c
**..—
Ni pissing
*
Gold...
Anclo Canudiau
A
-.100
100
...100
...100
Negus.
4H
25
29 K
135
Naybob
*
"
Algoma Steel-—..-
*
Canadieane
*
,
4H
25
Preferred
Nat Steel Car
Nat Trust—.
100
Aldcrmac
*
Zellers
—
High
-*
100
6% preferred..
Preferred.
*
Winnipeg Electric A
—
A P Grain....—
—*
25
Preferred
--.
Acme Gas....
.*
Wabasso Cotton
Corp
Nat Groc common
Abltibl
preflOO
Sliawfnigan W & Power..*
Slier Wms of Can pref. 100
Royal...
Low
Stocks-
50
preferred..—
Banks—
Moneta
Moore
for
Week
*
St Lawrence Corp
St Lawrence Paper
-
McWattcrs..—
Merc Mills new..
Mining Corp.
Model Oil8—
Sales
Week's Range
of Prices
A
McLellan
to May 8, both inclusive, compiled from official sales lists
May 2
Rolland Paper ... . ..1.... *
Saguenay Power
I
McKenzie-Red Lake
»
Penmans.
Price Bros & Co
...—;.l
Preferred
Ogllvie Flour Mihs
-.*
Ontario Steel Products...*
Ottawa Electrid Rys.:... *
Ottawa L H A Power..
........
Malartic GF
—-
Dalhousie Oil Co Ltd
National Steel Car
ClassB ..
Macassa...
Oils-
.-25
;;
......
Long Lac
Loblaw Groccl A..
>
*
Wright-Hargreaves
*
Preferred..
Bonds—
War Loan 1st
Dome Mines
War Loan 2d.
Lake St John P A P....:.*
Dominion Bank
Loblaw Groceterias cl A..*
Dominion Foundry.
Dominion Steel cl B
Massey-Harris Co Ltd—
:•
.
New
Dominion Stores...
100
Dominion Tar.
'McQoll-FrontenacOlI—>
I " 6% cum pref..:.....100
Dom Woolens pref.
Melcners Distilleries pref 10
Toronto Stock
Eastern Malartic...
i
J
Duquesne
"
'
[Mitchell Robert & Co Ltd *
Eldorado.
Moore Corp Ltd
*
*
Exchange-Curb Section
May 8, both inclusive, compiled
Eng Elec A
Noor.^uyn Aircraft
:
May 2 to
Falconbridge..
Week's Range
Page-Hersey Tubes Ltd—*
Power Corp of Can —
Fanny Farmer
Reliance Grain
Fleet Aircraft.
*
—
CofTAd—_*
Gatlneau Power
5%
Corrugated Box pref.
preferred
Dalhousie
General Steel Wares
preferred... 10O
Dominion Bridge....
Gillies Lake.
8qUthern Canada Power—
cum
Canada Vinegars
Consolidated Paper..
Preferred
6%
Foothills
—
—
———:
God's Lake
.Thrift Stores—
6H%
cum
1st pref
Goldalc
$1 cumulative pref
Oslsko Lake
Pcnd-Orielle.. L
*
Prefe rred—.
Gr Lak.VT
*
Mines—
Hallnor
Aldermac Copper Corp..*
.Bralorne
A Investment Co.
mon
.!
;
—
a
:
Odd lot sales, b Ex-stock dividend. ' "c Admitted to un¬
d Deferred delivery,
e Formerly the National Bond
118 a share was paid on the com¬
Canadian market, s Cash sale—not
v Ex-rights, i t Listed,
t In default.
/ A Uqulditlng dlvldead of
stock of the Nnbco
Liquidating Co.
Included In range for year.
a On
Hrd Carpet—
Hard Rock
No par value,
...
Hamilton Bridge
.
Central Cadillae Gold—1
♦
listed trading privileges,
Preferred
Gunnar
■
...
Goodyear....
;Walker-G A Worts (H)..*
.•
Ontario Silknit pref—
Eagle
Golden Gate..
25
Utd Distillers of Can Ltd.*
Walkervilie Brewery^
Montreal Power.....
Gold
.
Range Since Jan. 1
for
Week
Shares
Beath class A.:——;
FordclA
Sornia Bridge Cocl A....*
■
of Prices
High
Low
Stocks
Fed Kirk—.
6% cumul 1st pref...100
Provincial Transport
from official sales lists
Sales
*
Ex-dlvidend.
r
changed its name to the
Feb. 26, 1942, the Northern Illinois Finance CorD
Northern Illinois Corporation. >
>
'
.—i. .
/.i
.«
;
.
v
v
Volume 155
Number 4071
THE COMMERCIAL & FINANCIAL CHRONICLE
1825
"
OVER-THE-COUNTER SECURITIES
.1-
v
(Quotations for Friday, May 8
Par
Investing Companies
V V.y.r
,
Bid
Ask
Bid
♦Series A
Ask
Par
Bid
....1
3.90
1
3.75
Aeronautical
Securities *„1
5.51
5.98
♦Huron Holding Corp.._1
1,75
1,91
14%
Shares...1
Amcr Business
2.30
2.52
9.83
•10.78
.._..r;...10c
Incorporated
.2
'. 3%
1
13.77
11.81
1.50
14.97
8.99
9.67
Assoc Stand Oil Shares..
Aviation Capital
Inc
Aviation Group shares.,
2%
5
3%
10
6
10.79
♦5% preferred
Basic Industry Shares..
Boston Fund Inc.
Broad St Invest Co
3%
61c
63
Series C
16.05
5.47
5.98
7.62
7.81
—
.1
Par
Bid
As*
Par
29.42
Aetna Cas & Surety
10
21.74
23.88
Aetna
10
45%
14.95
16.40
Aetna
10
23
24%
Ins Co of North Amer.. 10
58
25
Jersey Insurance of N Y.20
Knickerbocker
5
26%
Agricultural
107 %
113%
47%
7.48
8.22
54%
57%
12.71
Amerlcan Alliance
10
16 %
11.19
12.34:
American Equitable
5
Am Fidel A Cas Co com..5
14%
■•i 7%
5%
11%
38%
17%
15%
7.31
24
10
10
National Casualty......
American Surety
Automobile...
25
42%
44%
National Fire
...10
29%
5%
31%
National Liberty
68
72
477
497
Manhattan Bond
Baltimore
3.55
Bankers &
"1.54
Mass Investors Trust.... 1
14.18
15.25
1.87
Mass Investors 2d Fund.!
6.74
7.25
Mutual Invest Fund Inc 10
6.91
Fund
24
.--100
American...2 %
Shippers
25
Boston
...—100
Camden Fire
2.21
(Colo) ser B shares
*
(Md) voting shares..25c
National Investors Oorp.l
13.59
8lc
—1
14.71
38%
3.36
3.74
Fidelity A Dep of Md...20
5
Low priced bond series..
4.88
5.38
Fire Assn of Phtla
10
41%
43%
Providence-Washington .10
5.12
5.67
Fireman's Fd of San Fr.25
81%
87%
Reinsurance Corp (N Y) .2
4%
New England Fund
1
8.97
of Newark
-Agriculture
35%
37%
Rhode Island
8.13
Globe A Republic
Globe & Rutgers Fire...15
2d preferred
...15
14 %
5.10
Electrical equipment
Bank stock series...
1.27
1.53
Insurance
2.08
2.44
Building supplies
■-Chemical...<
4.33
6.73
5.16
5.69
Insurance stock
10c
stk series. 10c
3.92
6.11
7.49
Machinery..
r
5,85
Fixed TruBt Shares A...10
6.38
Foundation Trust Shs A.l
2.55
Fundamental Invest Inc.2
« .
...
13.10
14.36
3.19
Railroad equipment.—.
Steel
_■
3.92
Fundamental Trust
22.41
24.10
General Investors Trust. 1
3.57
3.84
« - -
General Capital Corp
Series 1955
-
Hartford Fire
3.19
3.86
3.12
4.62
>
5.03
Aviation shares..-—-j..
1
3.40
5.51
Republic Invest Fund...l
4.22
Electrical Equipment...
5.83
6.42
Mining shares
2.31
2.61
*
7.0.19
71.01
Selected Amcr Shares. .2%
Selected Income Shares.. 1
6.33
Fund Inc
Bankers
Bronx
6.90
2.97
Sovereign Investors..
Spencer Trask Fund
1
4.55
*
10.38
11.03
4.00
Standard Utilities Inc.50c
9c
lie
3.85
♦State St Invest Corp...*
Super Corp of Amer A A.. 1
2.08
—.
2.96
RR Equipment shares..
2.53
20%
U S Fidelity & Guar Co..2
22%
US Fire
•38%
3.57
3.94
65
%
%
25%
27%
10
4
U S Guarantee
10
Westchester Fire
2.50
No par value.
Bid
Maturity
Bid
Asked' I'
■t
100'-v;
1956
-
102%
106%
T'
'
ioi% r1:
104%
•i
100.5
100.7
103%
.
104%
one or more 32ds of a
Sept. 15, 1942
Bid
15, 1942
..
15,1943
.
..
"■Maturity
Sept. 15, 1944
190.29
100.31
Mar. 15. 1945
103.5
103.8
103.27
103.2)
IMar. 15, 1946
Nat.Defense Nts
..
101.5
101.7
131.3
101.5
100.23
"
10,3.28
m%
i%
%%
..
103.26
103.25
t Sept. 15, 1944
%%
%%
tDcc. 15. 1945
Ctfs of lnlebt—
S100.30
99.17
1%
-
sl01.14
103.28
%%
..
Asked
101.11
1%
..
..ill
■■
Bid
Rate
103.23
1%
..
15, 1943
Asked
103.21
2%
1%%
%%
1%%
..
point
Int.
Rale
Mar. 15, 1944
Ask
Par
>
t
99.20
99.19
>99.22
i
256
Guaranty............100
200
Irving
12%
Kings County........100
8%
1085
1135
51%
55%
10
Central Hanover
20
Lawyers.....—i*.——25
Clinton
...20
:
Colonial...—.—.w.*.w—25
~
Morgan (J P) A Co... 100
38
50
62%
34%
41
New York
8H
'J
1.64
Trustee Stand Invest Shs—
.—.
60
32%
9%
Com Excnange Bk & Tr.20
Preferred
...25
3.05
♦Series C
1
1.49
Empire—..—..
♦Series D._.„.1
1.39
Fulton
subject to all Federal taxes
50
9%
22%
25%
2°%
51%
Rates
quoted
are
53%
149
i 09.9
99.7
Trade Bank & Tru6t
Quotations not furnished by sponsor
or
168
issuer,
x
A sked
Bid
Treasury Bills—
13. 1942.....
K%
May
3%
20. 1942.—.
%%
June
19, 1942.
%%
%%
%%
%%
July
15, 1942.
May 27. 1942
20
16%
June 17, 1942.
June 18, 1942.
June
Underwriters...
38%
150
for discount at purchase.
Bid
61%
2%
10
.
.....100
l United States
3, 1942
June
10, 1942
June
82
100
0.49
Asked
153
58%
Title G uarantee A Trust. 12
0.51
■
31
29
35%
1001
J%s Nov 1 '42
May
ft
10%
28
20
..
United States Treasury Bills
205
35
9
Chemical Bank A Trust. 10
56.55
15, 1944
Ask
33
Manufacturers
52.16
Bid
216
Continental Bank & Tr.10
are
f.o.
..
,
Dec.
10
2.32
{ These bauds
*
22*4
99%
101 %
103%
103%
103%
•
39 1962
16. 1942
'
*
25
Int.
Sept. 15, 1943
..35
....
2.10
utility shares
20%
145
68
County
2.70
Tobacco shares.^•In¬
1015
135
Figures after deeima) point represent
23%
40%
2.78
2.80
Steel shares....
985
Quotations For U. S. Treasury Notes
3%
81%
45%
Brooklyn..—,.100
5"07
3.07
3.49
Railroad shares
6.31
4.17
-----
3.28
5.73
Petroleum shares-.
314
45%
2%
18%
Bank of New York....100
3.32
—
205
331
100
June
Scudder, Stevens A Clark
...
175
Travelers
78%
42%
Par
4.78
Merchandise shares
Sterling Nat Bank
m
3.70
3.83
General Bond.
Sun Life Assurance....100
11%
33c
4.31
Food shares...—
22%
10
-.5
10.96
Chemical shares
>
43%
Stuy vesant
New York Trust Companies
28c
15%
49
23%
98% 109%
Standard Accident
11%
Dec.
1.31
44
Public Servi e 3%s, 1971..
J Mar. 15. 1943
10.25
(Geo) Fund
Building shares
•
Springfield Fire A Mar..25
68%
June
1.70
50
Public National......17%
580
Wisconsin Power A Light 3% s, 1971
41%
34%
5.10
Quarterly Inc Shares.. 10c
3.45
8
39%
32%
..*.10
4.26
Automobile shares..—.
10
21%
Hartford Steam Boiler.. 10
Home Fire Security
1
Putnam
Agricultural shares
7%
10
Security New Haven
10
1.73
—-.1
Series 1958
6.37
Plymouth Fund inc...10c
Group Securities—
Seaboard Fire A Marine. 10
Seaboard Surety
1.42
1
Series 1956...
5.88
Hanover
Peoples National
550
Southern Natural Gas Ptoe Line 3%s,
Treasury 2s, Se;t. 15 1919-1951 w i
226
10
.10
12%
Pennsylvania Electric 3%s, 1972
Schenley Distillers 4s, 1952
37
No Amer Tr Shares 1953.*
2.93
218
10%
Halifax
4.62
No Amer Bond Trust ctfs.
2
*
*
18%
35%
7
6.44
9%
10
■
Central Illinois
4
64%
8.24
4.19
St Paul Fire & Marine.62 %
8%
;ii.%
-.12%
Penn Exchange
23%
144
•-
Tfbaoco
American
23%
20%
3
6% ■7%
Great Amer Indemnity... 2
Great American
5
2.89
Railroad....
3.00
X21%
18%
2%
17
•
5.78
.
...
10
10
(Paul) Fire
33%
5
5.31
t Oils..
Metals
aw* .
3.89
23
20%
Gibraltar Fire A Marine. 10
Glens Falls Fire
....5
13.21
29%
Republic (Texas)
6.21
4.58
11%
27%
Preferred Accident
Revere
22%
136
100
76%
13%
9%
22%
7.39
13%
36
73%
8%
5.64
3.52
91
34
20%
Aviation
Automobile.......
87
10
5
Bank stock
9.03
20.58
25
General Reinsurance Corp 5
Georgia Home
10
6.20
-5.63
—
Pacific Fire—i—'
5
23%
Quotations For Recent Bond Issues
5%
9.68
Firemen's
...
1
22%
1
Phoenix
6%
31%
108% 113%
32%
12%
,u.
111% 117%
Pacific Indemnity Co.-.10
41%
5%
10
—
:50 V
::
Preferred stock series...
12.28
--i..
National .25
75
4.20
8.50
Equity Corp S3 conv
Fidelity Fund Inc...
*
First Mutual Trust Fund.5
.
Merchants
12.50
Northwestern
National Safety
As,
45
5
Employers Re-Insurance 10
Excess——; w..--—.5
19.14
5
pref. 1
B
20
4%
70%
Federal
.
,
Shares A
11%
18%
Northern
1
40
10%
Northeastern
Hampshire Fire...10
0.49
15.63
129
Bid
50
National City
25%
38
5
North River..
National Bronx
90
Fifth Avenue.........100
First National of N Y..100
New York Fire..
18%
21%
28%
%
23%
5
23%
17%
22%
26%
Par
14
42
13.55
Commercial National.. 100
17%
4.39
New York Stocks Inc—
Fund.——LM-Ll
Fiscal Fund Inc—
10
Ask
12%
Chase National
136
16%
5.89
•
127
6%
131
-.2.50
21 %
10
_._..2%
5%
20
.;
,
Bid
Bensonhurst National. ..50
New Brunswick...
10
Franklin Fire
Stock
19
49%
--2
17%
New
.'-Mr*
Par
17%
4.05
93c
110
1?'
47%
Bond series........—.
85
101,3
109
110%
108%
New York Bank Stocks
10
Amsterdam Cas..._2
10%
Eagle Fire—
-f 94c
National Security Series—
2.60
3.65
25c
Equitable Investment
Corp (Mass). —
New
39%
4%
V
Income series
1
Diversified Trustee Shares
C
1
I)
...2.50
•.rsi
U SCoiversloi 3s...1946
U S Conversion 3s... 1947
Panama Canal 3s
1961
T:\:
3%
2%
52%
43%
5%
14.69
3.15
Fund
uL,.
Bank of Manhattan Co. 10
Bank of Yorktown.,66 2-3
National Union Fire
5
Connecticut Gen Life...10
Continental Casualty
5
Nation-Wide Securities—
112
Cum ulatl ve Trust Shares. *
:
6%
Carolina.
20 %
26
100 2-
101.7*
Other Issues
101.4
100.31
....10
City of New York
1.87
♦Common B shares—.10
Eaton A Howard— ;
Balanced Fund
Merch A Mfrs Fire N Y..4
American Reserve
9
1% :
49%
Merch Fire Assur com...5
27.40
Crum A Forster Insurance
Dividend Shares
12%
40%
26.85
7.54
18%
100
101.4
1%% notes Feb. 1, 1944
l%s Jan. 3, 1944—
7%
3
1
12%
Loomls Sayles Sec Fund. 10
3.25
um
♦7% preferred
Mass Bonding A Ins..
American Re-Insurance .10
6.85
*8% preferred.....-100
Delaware
.2%
6%
5
Maryland Casualty
7%
2.07
•2.90
-.1
Series ACC mod...—-1
Cruin A Forster com. .10
-i
American of Newark..
Lincoln Fire
9%
66.90
Inc common..10c
Series A A mod
10
2.40
Maryland Fund Inc.—10c
Accumulative series... 1
♦
American Home..
13%
...
65.56
'1.51
».
7.45.
--Series S-4
1.01
1
Series AA
9.81
6.76
22%
10
Loomis Sayles Mut Fund. *
26
1
Corporate Trust Shares..
8.90
Series S-3.........
...
——...5
Homestead Fire..
141
.2.95
Consol Investment Trust. 1
.
Home
1800
-100 135
Preferred
Commonwealth Invest...!
-
Series S-2._
7.95
11%%—.July
tl%
Apr. 15. 1944
U S Rousing Authority—
-.May 16. 1943
29
it
1,1942 100.4
100.0
15,1942 14)0.6
100.8
15,1943 100.11 100.13
24%
14%
59%
Life.-...—
11.59
2.85
2S
Asked
Corp—
1%-——July
1 %%.... Oct.
Call Nov. 16.'42 at 100% 101
As*
26.87
Series K-l
21.791
100.8
100.2
..
—
Call July 3. '42 at 101
Series B-4
Christiana Securities.-100 1700
Bid
Series B-l
i
'
.
Federal Natl Mtge Assn—
:
Series B-2..-.—
Series B-3
4%
11.60
Bid
Reconstruction Finance
Sept. 1. 1942
0.00
0.53
t%s..—-Dec," 1, 1942
0.70
0.60
t%3.. —.Feb.
1, 1943
0.80
0.70
—..AW.. I, 1943 101.4
101.8
23.
Keystone Custodian Funds
17.88
2.25
Federal Home Loan Bankp
,
10.73
20.26
43c
9%
'
1
10
99c
9.78
Canadian Inv Fund Ltd.. 1
28c
8%
Corporations
♦Blair & Co.
♦First Boston Corp
16.60
,
Asked
.
Insurance Companies
10.51
Century Shares Trust..-.*
Chemical Fund..
-.1
Bid
Commodity Credit Corp—
%%
May
1,1943 100.6
tl%%.._Feb. 15. 1945 100
Banking
i%s
Series K-2
Bullock Fund "Ltd
Investment
•
15.23
-
68c-
90;
15.27
2.50
Inc..5
1
m'lmLL
10.71
Insurance Group shares.
Investors Fund C
-.1
♦Common
1
12.92
1,71;
Investm't Co of Amer..l0
Bankers Nat Investing—
11.70
12.70
9.77
Bank Group shares.—
v
32;
50;
1,16-
institutional Securities Ltd
::4%
Axe-Houghton Fund Inc.l
Investors..5
Wellington Fund
25c
.
1.06
Independence TriiPt Shs.*
American Foreign
Investing
10c
Inc common.. 10c
Fund
t
Trusteed Industry Shs.25c
U nion Bond Fund ser B..
Income Foundation
12 %
91c
B
■■
Obligations Of Governmental Agencies
J.
9%
Trusteed Amer Bank Sim—
A.i*
Class B
Affiliated Fund Inc...IK
♦Amerex Holding Corp.10
Ask
~
U S El Lt&Pr Shares A...
♦Series B
Par
Bid
Par
Trustee Stand Oil Shares—
1005
1015
H%
% Vc
H%
H%
July 22. 1942.
July 29, 1942.
%%
5. 1942.
H%
Aug.
%%
Ex-dlvidend.
ML
General
RAILROAD
Aetna Insurance Co., Hartford,
This
company
has purchased in
an
Corporation and Investment News
PUBLIC UTILITY
-
the
"Wood-
bridge Building" at 100 William St., N. Y. City, it was announced on
; May 1 by Charles F. Noyes Co., Inc., who negotiated the sale.
The
;; seller was the William-Piatt Corp. of which James A. Beha is Presi¬
dent.
The
John
feet
to
on
Piatt
John
structures
'
The
purchase
Sts.,
St.
takes
with
and
in
the
entire
frontages
163
feet
on
of
block
121
Piatt
feet
St.,
William
on
the
on
St.
William
on
and
the plot cover a ground space of
present building contains-3,500,000 cubic feet
rentable
issue.
There are $28,104,000
par
making the collateral ratio 103.2%
Conn.—Buys Building
all-cash transaction
13
nearly
•
the
>
11
;
feet.
feet
on
Feb.
2,
1942, the
last
of
v
INSURANCE
-
amount
of this issue outstanding,
compared with a value of $36,appraisal date, which made
$28,640,000 par amount of bonds
Allied Products Corp.—25-Cent Special
as
The
previous
ratio
128.6%,
with
securing the 5%
bonds, due 1950,
was
set
_
(including securities and cash held in the residue of
by Marine Midland Trust Co., with $19,410,000 par
amount of these bonds
outstanding, the collateral ratio was 61.4% as
compared with value of $12,645,813 on Feb. 2, 1942, which made the
collateral
ratio
of
65.1%
•
with
the
amount of
same
bonds
that time.
addition
the common
;
,
All of the outstanding first mortgage income bonds
1934,
and
June
1,
:
Dec.
1942,
American
p.
due
at
1,
101
National
have
1945,
and
Bank
been
interest.
&
called
Payment
Trust. Co.,. trustee,
for
dated
Dec.
redemption
will
be
made
Chicago,
the
at
111.—V.
'5->
2755.
1,
of
as
.
i
Gross
End.
31—
revenue
Operating
Prov.
Mar.
1942-Month—1941-
$2,232,458
-
expenses
for
-
taxes—Gen'l_
Federal
$2,147,561 $27,062,114 $23,282,132
• 719,526
10,662,506
8,325,333
222,893
2,815,526
2,656,263
V 62,022
> 149,830
1,121,078
1,201,054
.*
77,400
395,821
248,700
250,000'
238,265
2,895,360
2,859,700
Federal excess prof its
for- depreciation.
-
Prov.
Gross
income
$1,044,266
Divs,
on
*
$739,645
$9,171,822
pref.
stock
—V.
155,
p.
5,927,432
Albemarle Paper Mfg. Co.
Operating
$285,285
$342,511
195,178
$3,244,390
2,323,991
1758.
of
$147,333
$920,399
-Other
set
collateral
securing
& Trust Co., trustee
the
at
May
on
declared
1
a
dividend
stock, no par value, payable
A similar distribution was made
the first payment since
(&
of
15
Sales
;
before Fed.
Prov.
5%
bonds, due 1949, by
the issue, gives a value to
collateral
127.1%
par amount
on
issue
Feb.
,
,
for
Fed. inc. and
Orders
with
60,769
Dec. 31, '41
$37,710,623 $35,907,897
and
profits taxes
excess
excess
estimate for
an
booked,
5,705,097
——
3,835,000
$1,201,097
$1,5^,774
$0.68
increased Federal taxes
$39,224,121
in
5,407,774
*4,504,000
profits taxes.
profit available for dividends
Earnings per share—
$818,959
v
$879,729
—
deductions
■
on
sale
of
first
the
quarter
in
1942,
,.,
totaled
$126,525,057,
1941.—V. 155,
p.
profit—all
compares
as
outstanding.
2, 1942, the
sources
$1,034,324
7"■.^
interest
and
payable,
wages
income taxes
SEC
(no par)
The
377,724
$101,911;
accrued,
notes
$20,531;
(other
the
of the application of
convertible preference, stock
granting
cumulative
$3
&
7.—V. 155, p. 911.
J.
Foundry
Hardy,
May
'
v.';
Co.—Sales, Etc.—
4, in a letter to the
stockholders,
stated in part:
"You
were
'
fiscal
year
engaged
armor
by the letter accompanying the report for the
April 30, 1941, that the company was then largely
of armament production—tanks, shells, fuses,
etc., this in addition to the conduct of its peace-time
an important builder of railroad equipment and rolling
the
plate,
operations
advised
ended
in
*
than
$152,400), $225,324;
deferred
liabilities, $342,583; 7%
cumulative
preferred stock,
$900,000; common stock, $956,000; surplus, $1,225,992; total, $3,867,558.
—V. 154, p. 745.
:v>
Car
Charles
*
payable—secured,
taxes
(less: U. S. tax bonds,
its
7.777
1942
inventories,
$1,866,876),
announced
30
withdraw
order became effective May
President
31.
April
to
from listing and registration on the Chicago Stock Excnange.
American
$656,600
Assets—Cash,
$75,203;
accounts
receivable,
$539,373;
$750,599;
fixed
assets - (less
reserve
for
depreciation
$2,447,351; deferred charges, $55,034; total, $3,867,558.
$67,182;
The
company
.
profit for year—after income taxes
income), $34,036;
-
Altorfer Brothers Co.—Delisted—
<:
Mar.
Unfilled
compared- with
1669.
54,116
208,711
Sheet,
.$0.89
1942.
of
orders booked of $58,518,525 in the 1941 fourth quarter.
on
Mar.
31,
1942,
$125,011,558 at the close of
$825,613
Chesapeake Corp. stock
Liabilities—Accounts
of the
securing the 5% bonds, due 1944, as of
$29,007,077 by Guaranty Trust Co., trustee for that
share
July 20 to holders of
April 20, last, which
on
Mar. 31, '42
inc.
Net
182,353
i
Net ordinary profit
Net
y
of
per
7
cents
1937.—V, 155, p. 1748, 1007.
billed
Profit
Subs.)—Earnings—
268,267
Consolidated Balance
the
year:
Allis-Chalmers Manufacturing Co.—Earnings—
ordinary income
Total
the
the
that
a
orders
,
Net
This compares with a collateral ratio of
last previous
quarterly appraisal date.
value of
elected
addition 10
1941,
during
$839,311
of.$22,212,109, which is a ratio of 97.52% of the
bonds outstanding.
There are $21,661,000 of this
was
been
In
made
common
July 1.
"Includes
i"
the
Bank
was
value.
has
*
Operating profit
•
$3,181,449
2,342,138
it
The
par
expenses
.7 Depreciation
4,809,631
.
Alleghany Corp.—Appraisals
Appraisal
Continental
May 1
no
State and Federal income taxes
Balance
record
$7,991,081
397,134
.758,981
..
from
"
189,082
—
share
last.
1,
each
cents
-
$96,203
income
per
directors
the
on
proposal to change the par
a
Consolidated Income Statement for Fiscal Year Ended Mar.
31, 1942
7 Net sales
;
$5,243,006
Cost of sales (exclusive of
depreciation)
3,973,426
Profit
Net
stock $1
approved
:
Other
Interest and. deductions
6
644,742
231,427
income
of the common
May
April
on
25
Quarter Ended— v
-
1942—12 Mos.—1941
~
on
R.
W.
Purcell, an Attorney of Cleveland, O.,
fj director, succeeding J. P. Routh.—V. 155, p. 1748.
121,
■
Alabama Power Co.—Earnings-Period
value
stockholders
of
the
Allied Stores Corp.—15-Cent Dividend—
outstanding
Changes Par Value—New Director—
The
made
were
payments
made
following special distributions during
Oct. 1, 50 cents; and Dec. 26, $1.75.—-V. 155, p. 818.
The
Agar Packing & Provision Corp. (Formerly Midwest
Packing & Provision Corp), Chicago—Bonds Called—
regular quarterly dividend of 25 cents per share
stock, both payable July 1 to holders of record June 10.
quarterly
company
Dividend—
special dividend of 25 cents per share
a
the
to
Similar distributions
lour
$11,923,785
income account)
at
directors have declared
in
outstanding.
at
MISCELLANEOUS
-
on
collateral
The value of the collateral
from
20,000
and 200,000
space.—V. 155, p. 735.
829,084
St., 145
17-story
and
INDUSTRIAL
-
as
work
'
stock,
"All
as
well
increased
in
as
of
a
these activities
money,
scale—sales
of upward
great
of
of miscellaneous articles.
throughout the year, but on a vastly
variety
continued
billed
for
the
year
$200,000,000,
reaching
with
a
a
volume, measured
into the new
carryover
1826
of business on our books having a dollar value considerably in
of that amount.
These figures mean that the company is
handling a volume of business much greater than at any previous time
year
excess
in
history.
its
"
of
close
"The
fiscal
the
year
1942, finds the com¬
ended April 30,
funded
financially and otherwise—with no
pany in excellent condition,
debt and no bank or other
loans outstanding.
The uncertain factor
profit resulting from the year's operations will?
untimately be available for distribution by way of dividends."—V. 155,
p. 1500.
is
the
of
what
to
as
Foundry Motors Co.—New Director-
American Car &
the
At
elected "a
was
stockholders' meeting held May 1, Lester P. Philp
director to fill a vacancy in the board.—V, 155, p. 818.
(Intercompany Securities and Accounts Eliminated)
President, says in part:
r :':fF'v'F
The
rapid acceleration of the Nation's defense and war produc¬
tion program and the entry of this country into the war,
has had
and will continue to have, pronounced effects on, the operations-of v
the company's subsidiaries.
The primary purpose of the efforts of lTidd,
N.
agencies directing
the
with
at
management
company's
—
Materials
-
>
Other
dividend of 50 cents per share
$1 per share on the common j
stock, both payable June 15 to holders of record June 1.
Extras of
$1 each were paid on June 16 and Dec. 15, last year.—V, 155, p. 1670.
The directors have declared an extra
the regular quarterly dividend of
.
and
Co.—Annual Report—W. B. Bell,
President, in his remarks to stockholders stated:
Company's operations attained unusually high levels during 1941, re- F
suiting in unprecedented sales volume and (before taxes) net income. F
Spread of war to the Par East and Australasia has adversely
affected the company's export business in these areas.
It also has
interfered with the importation of some products traded in by the
compuny.
It is anticipated, however, that the effect of these develop¬
ments in relation
to the business as a whole will not be of great
American Cyanamid
•
'
,
in the conduct of financial and business
relations with foreign subsidiaries nor in the transfer of their current
earnings to the parent company. V ;;;;
Changes in Capital Stock—The authorized capital of the company
was changed
during the year by authorization of 3,000,000 shares of
importance.
•
No difficulties have arisen
new
cumulative preference
5%
stock ($10 par) and by
elimination of
($10 par)
2,499,994 shares of 5% cumulative convertible preferred stock
from the capital structure.
Ari offer to exchange the new 5% cumulative preference stock,
for-share, for the outstanding 5% cumulative convertible
stock was made on Aug. 25, 1941, to holders of the latter.
share
preferred
786,570
exchanged and the remaining 68,291 shares of preferred
stock were redeemed as of Nov. 1, 1941, at the call price of $10.50 per
share plus dividend.
An additional 320,111 shares of the new prefer¬
ence stock were issued on Dec. 17, 1941, in payment of a special divi¬
dend of $1.25 per share on the common stock, so that at the year-end
1,106,681 shares of this stock, having a par value of $11,066,810, were
shares were so
outstanding.
Debentures—An issue
Oct. 1, 1956, was
of
Sale
debentures due
transaction at
of $10,000,000 2%% sinking fund
authorized and was sold in a private
par.
year-end additional financing of $10,000,000
was
arranged by means of bank loans repayable at the rate of
$1,250,000 annually for four years and $5,000,000 at the
end of
Loans—Since the
Bank
operating revenues in 1941 were'.$11,363,545 or 13.2%
greater than in 1940, the increase of $13,451,149 or 23.1% in total
operating expenses more than absorbed the additional revenue with
the. result that operating income declined $2,087,604 or 7.5%.
The
increase in the volume of business was, of course, partially responsible
for the increase in total operating expenses.
Some of the more im¬
Net
operating profit
Divs., int. & discount—
Royalties, licenses and
Net
$26,122,640 $16,588,005 $11,392,510
1,073,307
778,699
632,357
(net)
income
-Total income
...
-
Research & process
$12,276,304 $8,588,580
$27,801,682 $17,648,528
and
190,106;
88,213 •
2,531,782
-
1,925,372
869,844
630,258
expenses
Interest & charges paid
3,113,909
503,788
457,431
532,962
Deprec. and depletion—
Prov. for income tax—
4,960,056
*11,457,636
3,844,819
3,184,766
3,125,058
1,110,622
2,875,070
693,856
57,350
66,640
1,000,000
1,000,000
;
-development
in net
contingencies-
for
t$6,766,293 t$6,629,729
418,894
234,062
$4,843,973
1,571,019
income
Net
Preferred
Common
dividends
dividends
Shs. combined class A &
B stock outstanding-
j
Earnings
>
per
share
104,193
§4,189,390
.
2,618,364
2,618,364
2,618,369
$2.42
$2.44
$2.07
-
$2,452,912
76,680
1,526,921
2,618,369
$0.91
profits taxes. tThe net income as above
include the equity in the 1941 and 1940 undistributed net
♦Includes $7,600,000 excess
:
does
not
Including such
increased
j income of associated companies (50% owned or less).
equity, the net income applicable to common stock would be
$2.56 and $2.57 per share, or $6,705,675 and $6,395,666, respectively.
Of the net income (both years) approximately 20% is applicable to
(chiefly Canada). Practically all of
such foreign net income was covered by the dividend and other income
receipts of American Cyanamid Co. relating to such operations.
Jlneludes
special dividend of $3,272,955 ($1.25 per share) paid in 5%
cumulative preference stock at par (320,111 full shares issued and
$71,845 paid in cash in lieu of fractional shares).
SIncludes a special
dividend of $1 per share ($2,618,369) payable in 5% cumulative con¬
vertible preferred stock.
This special dividend required the issuance
of 259,217 such shares and the payment of $26,199 in cash in lieu -of
foreign countries
^operations in
,
<
t fractional shares.
Consolidated
Balance Sheet as
with
the
were
market¬
and B,
$12,014,740; material,
advances, $9,$191,290; chemical
properties
$7,021,258; accounts receivable, less reserve,
products and supplies, $23,915,056; investments and
365,007; sinking fund for retirement of debentures,
und other plants, equipment and facilities, Including mine
"(at cost, less reserve for depletion and depreciation of
.$33,086,677; patents, rights and processes, $5,000,000;
and
prepaid
operating expenses, $1,109,314; goodwill,
$44,240,117),
deferred charges
$1; total,
F
•
.
066,810;
class B
surplus,
;
stock (65,943 shares, par $10)., $659,430;
common stook (2,552,421 shares, par $10), $25,524,214; earned
$18,176,688; paid-in and capital surplus, $7,181,368; total,
class
A
other
for
of
indenture
the
under
which
common
$111,241,503.
Consolidated Income Statement
the
new
pany,
to
of
cash
and
$2,385,000
their facilities.
improvements to
>
'
,
.
oper.
Oper.
exps.
made
.
$850,000 of notes payable to banks.
'
,
of all
of all
called
upon
to meet a demand
which was 183,440 kilowatts or 17.5%
greater than in 1940. The increase in kilowatt-hour consumption was
Operations—In 1941 the Central system (which is composed
electric operating properties of company with the exception
City Electric Co. and The Scranton Electric Co.) was
Bal.
of
in
.
•
Consolidated—
revenues
(including taxes)
Operating expenses
__.
3 Months Ended
Gross income
.
(Other
earnings
184,089
68,765
(net)
•
;
Research
&
Int., etc., charges on
215,927
income
Prov, for
Provision
Net
Fed. & foreign taxes on
for contingencies
income
Dividends
on
income
-
250,000
—
—
preferred stock
$5,511,709
4,133,782
$1,127,927
138,336
preferred
on
stocks.
Undistributed
net
income
of
subs,
.
income
t
,
'f'! t,
*1,525,085
2,074,283
3,899,641
2,074,283
.3,'899,641
2,780,082
68,496
12,052,481
10,009,394
650,933
1.660,981
72,056
834,392
1,377,768
3,465
41,514
64,686
1,399,014
145,160
15,653,603
17,012,470
1,013,655
865,709
1,253,853
14,639,948
16,140,701
2,849,999
Co.
I
.
1
>
<
Gas &
subs.',_';.'..
v
.
;
"
1,124,392
&
';*'*'•<£
f
earned
•• -vj
•
> :—v
,890,697'
'
-
♦ •_
.
Lr
:
.
.♦
.'
.
•
••
,,
,
■
"
-
com.
2,808,013
238,848
233,695
interest
for
————
stock
rate
10%
This
law.
existing
the
March,
was
167,141
in
final
the
.
13.296,702
1,015,005 ' 11,831,934
accrual will
provisions of the proposed 1942
1941,. the accrual was based on
greater than
the
rate
in
require adjustment when
tax law become known.
rate of 26%%, which
a
then
the
existing law.—V.
1670.
p.
155,
*
American Hide & Leather Cto.-^Eanniig&—
Undistributed net income,
as
'
'
Net. income.
______
$4,051,066
9,566,286
fr. subs, consol.—
on
common
Dividends
on
preferred stocks-
Interest on
bonds
Interest on
——!!■>:!••
advances—
Other'
income
—_________
—
693,926 *
477,150
362,491 "
45,0TT
V.
1,952,536
477,151
Total
.'
—
Consolidated
gross
Income deductions
income
1,071,568
' 66,792
*
1942
' $0.$8
compares
155, p. 396.
$15,016,098 $16,309,191
.
1,178,390
1,128,192
.
,V.
;
earned
for common
a
stock—.
•^
$15,130,801
1,689,209
J
stock—
refinancing "by
a
*$2.72 "J.
8,963^367
F $2.99
subsidiary-in 1940, and of the
payment during 1940 and 1941 of bonds called for redemption in
1940, the taxable income in both years was reduced by extraordinary;
deductions, with consequent decreases in Federal taxes of $983,807
in 1940 and of $723,981 in 1941
(including $152,087 of excess .profits
taxes).
In its accounts for 1940, the subsidiary debited surplus with
deductions and credited surplus with the related
decrease in taxes.
After the accounts -for 1940 had been closed, - the
Federal Power Commission advised the subsidiary that the-decrease
in
taxes and
a
minor part of the extraordinary deductions-should
have been
included in its statement of income and that the net
•income should
have been increased by a net; amount■ of $759,120.
In
its accounts for 1941, in order to conform to the Commission's
instructions, the subsidiary credited expenses with the decrease in
taxes of
that year, so that the balance earned for common stock
for
1941 shown above is
greater than it would have been if the
-decrease in taxes had been credited to -surplus,
as in 1940, by an
amount of $723,981, ©t approximately 16 oents a share.
the
extraordinary
on
earn,
-
i
bonds
'
income— ;■•
Miscellaneous
.
$148,010
7,616
—
;
.
—
$163,360
35,331
«17,746
*1940r-;v * 1939
$157,104
6,256 *
$155,626
•
Ended March 31 •;!•. "-'*•!•. '
.1941'];
1942
31— ;V
Total. Income—
1 Operating j expenses—4't Interest; paid
to > banks
$13,441,5^1
8,963,608 "
dividends
result" of
f„' $12,198,696
>
Earnings Statement for Quarter
...
3 Mos. Ended March
on stocks
Dividends
Interest
Balance
' '
F
/
s
876,207
1,013,199
-
of Amer. Gas & Electric Co.
Earnings per share of common
$1,120,505
106,857
for
$753,404
.
$16,029,297 $17,185,398
Gas & Elec. Co.—
Common
2,021,834
250,000
of
Amcricait <*eneral^ Cdrp^—Marclv 31 Statement^— '
The statement of the corporation .for the three months ended March
31, 1942, indicates net assets as of that date equivalent to $78.10 per
preferred share (preference in liquidation $50 per share and accrued
dividends) and $3.34 per common share.
The annual report for 1941
showed net. assets as of Dec. 31 equivalent to $83.23 per preferred
share «.nd $3.97 per common share.
»
i
.
738,302
$3,392,339
-$753,404
«
common-share-!—<
income
net
*
stocks
Dividends
105,023
,
!
with $200,249 or
one cent a
common share for the nine months ended March 31, 1941.
Note—In the: opinion of the management sufficient reserves have'FF
been
set aside to defray all taxes payable under existing
laws.—
The
r.
$2,023,480
12,427,173
above
—"
,
Operating profit after repairs, depreciation and reserves for ,//■■
.
expenses other than income taxes-!.^<$1,159,084
Reserved for income taxes——__;;r, .405,679
f
'
Inc. of Amer. Gas & Elec. Co.
:
Earnings for Nine .Months Ended March 31; 1942
■
$4,051,066
$2,023,480
consol
Consolidated net* income——$13,887,905
on pref.
stock of Amer. Gas & Elec. Co.
1,689,209
$1,013,648
$989,591
applic. to common stock
v
$0.38
share w common stock—
sn&rc of cuiutuuii os
<pv.«ju
$0.39
♦After retroactive adjustments for contingency provisions and higher
taxes as reflected In the audited statement for the year.
tAfter de¬
duction of plant, selling and administrative -expenses, but before deduc¬
tion of depletion and depreciation.
Note—The net income as above does not Include the equity in the
undistributed net income of associated companies (50% owned or less).
—V. 155, p. 818.
Net
Earnings .per
arnings per
10,009,394
~;
*1,803,891
*1,603,891,,. *1,525,085
•
Electric
ft
from
Co.
Earnings per
♦As
Net
13,909,035
12,052,481
'Deficit.tin. March* ,1942, the «,ccrua1 for normal Federal ihcoi&e
was based on a rate of 38%%, which is 25'%
greater than the
■
405
1,176,842
funded & other debt—-
14,126,764
;2,780,032
taxes
.
5,500
879,756
1,254,997
2,676,631
—„
deduc.
Bal.
$5,412,506
devel. expenses—;
process
Gas
♦1941
$5,220,012
166,416
25,673
1,401,919
depreciation
13,869,326
1,072,739
•
,,x.-
.
$8,009,311
Total
11,679,555
,
Total
18,405,688 $18,681,621
3,955,035 .. 5,064,269
12,427,173
9,566,286
Balance
Dividends
Dividends on common stocks—
Divs.
Depletion and
1,001,364
^
.
Balance
,
$7,750,957
tNet operating profit
Dividends, interest and discounts
.
Royalties, licenses and service charges
27,778,361
!
$26,236,976 $28,160,361
7,831,288
9,478,739
—_
deductions
Income
Expenses and taxes of Amer.
March 31
♦1942
(
25,806,318
Total, Incl. undis. net *'
*" J1'--. 1
I. inc. of subs, consol.' ; 1,199,983 '
tTaxes & exps. net—! ,?1
75,591'
,
- •
206,621
2,256,361
,consolidated:
:
"F
*>n "com., stocks—
2,676,631
on pref. stocks—..
54,165
Int|. on bds. & advances
70,517
Other; income!,———,
2,562
■
331,360
■'
27,571,740
319,160
•
:
-i! $25,905,616. $27,993,520
-
25,487,158
26,784 ?
;
Divs.
In
.....
2,229,577
"
,
Operating Income -——.
■Other income Knet)——
74,940,581
88,330,470
60,758,730
969,641
com.
Divs.
\ •' 1941 '<
1040
$97,711,895 $86,348,350
71,806,280 58,355,131
.
—
)
5,487,236
•
25,549
net inc. of subs.
El.
Consolidated Income for Calendar YearsSubsidiaries
$
-'•.•..v-
7,716,814 100,427,740
2,016,832
stocks—
com.
above)
(as
question
Operating
on
Income of Am.
of the status of your company under Section 2(a)8
the Public Utility Holding Company Act of 1935, also mentioned
the annual report for the year 1940, is now pending before the
S. Court of Appeals for the District of Columbia. V../.
V."'"*
The
U.
.•
.
81
March
1942—12 Mos.—1941
V'.v $
••
2,042,381
for
earned
Undis."
The Northeast Pennsylvania System (The Scran¬
the year 1941 had substantially no increase in
demand but an increase of 4.3% in kilowatt-hour consumption.
Property Additions—Gross additions of ^operating subsidiaries dur¬
ing 1941 amounted to over $30,500,000 and retirements totaled about
$6,700,000.
In the case of three subsidiary companies, utility plant •
was
reduced
about $2,500,000 to adjust this account to - the est—;
mated cost to predecessors.
.
. .
Integration Under Public Utility Holding Company Act of 1935—With
respect -to the determination of company's status under Section 11
of the Public Utility Holding Company Act -of 1935, mentioned in the
annual report for the year 1940, no .time has as . yet; been set tor
for
'
subsidi¬
in
'
Ended
$ jv
*
6,409,959
taxes—
income
American
consumption of 18%.
hearings.
$
8,426,790
Uridisti net income of
subs, consol. —1L_
»
further
il".
stocks
Divs.
•
OT 20.8%.
■
Jersey System
((Atlantic City Electric Co.) for 1941 increase in kilowatt demand of 12%
and in kilowatt-hour • •
Co.)
&
Period
Statement,
Interest, etc. deductions
South
an
;
_____
investment
1942—Month—1941
income
Gross
1,193,182,485
Electric
Income
income———:
Other
the
The
J
over
•
!
Atlantic
i-
' *
consolidated
exclusive of earned surplus.
revenues—,
Operating
''
,
1,286,333
2,690,792
1,173,008
65,894,224
———586,071,057 558,990,9p6
Total
retired
retired
Through sinking fund operations during the year, company
$870,000 sinking fund debentures and subsidiary companies
\.C"
•
Subsidiaries Consolidated
$3,000,000 to several other subsidiaries, practically all
were to assist the subsidiaries in meeting the cost of addi¬
—_
subsidiaries
of
Period End. Mar/31—
of
and
tions
in
contributions
capital
made
which
of
^
Consolidated
which made a capital contribution in cash of a like amount
Wheeling Electric Co.
,
' •,
addition to the contributions referred to above, company during
62,480,400
2,678,822
1,884,836
1,175,942
60,366,528
—___
——
—
.
assets
;
360,353
35,562,300
44,827,370
65,780,400
consolidated
(paid-in)—
surplus
surplus.
Total !
♦In
1,668,447
445,046
35,562,300
44,827,370
stock—subsidiaries—
equity-!-'—"——-
I-'""
the
to
of
aries consolidated,
Electric Co., a subsidiary, on May 1, 1941, paid off all
funded indebtedness amounting to $2,458,500.
The
meet this maturing
indebtedness were provided by ^com¬
1,607,976
par)
subsidiaries
of
preferred
__—L_
2,075,435
2,013,217
—_
($10
stocks
outstanding
funds
stock
on
;;
65,135,162
22,500,000
—
Premium
Earned
217,356
3,957,152
72,719,478
23,956,936
24,999
Contributions in aid of construction-J—__—
4%% cumulative preferred stock ($100 par)
bonds
Wheeling
its
accounts
Miscellaneous
excess
222,578
4,067,832
_!—'
!
Preferred
662,442
537,817
liabilities—
accrued
Reserves—Depreciation
:—
Possible adj. of utility plant and/or depr. res.
Amort; of electric plant acquisition adjusts.
Common
1,444,934
1,559,2,77
12,582,298
235,913
17,951,983
339,612
stocks
preferred
on
liabilities
credits
Doubtful
5,443,613
145,507
8,634,762
198,085
1,324,620
1,539,916
accrued
Deferred
•
)
29,130,000
28,260,000
_____—
Other current and
accordance
in
purposes
deposits
Dividends
issued.
provisions
or
American Gas & Electric Co. and Subs. Consol.—
Liabilities—Accounts payable and accrued expenses, $10,996,172;
Jan. 2, 1942, $491,076; accrued interest on funded
debt, $195,561; provision for income and excess .profits taxes, $11,725,417; funded debt, $20,978,000; contingency, operating and other
reserves
(including $2,000,000 appropriated from 1940 and 1941 income), $4,246,767;
5% cumulative preference stock (par $10) $11,-
dividends payable,
•
property
to
629,198
209,950,000 198,258,500
accrued
Capital
278,751
,
debentures—
Fabcrued
♦Net
231,231
3,807,421
851,457
.>;:
Assets—Cash in banks and on hand, $17,360,065; short-term
securities, $2,178,006; U. S. Treasury notes, tax series A
; $111,241,503.
additions
deposits—
debt
funded
Contractural
of Dec. 31, 1941,
able
.
Accounts
April, 1941, resulting in the sale to the public, - through
an
underwriting group of $15,000,000 first mortgage bonds, 3% series, v:
due
1971
and 202,403 shares of 4^2%
cumulative preferred stock.
Company owned 28,662 shares of the subsidiary company's preferred
stock and surrendered these shares for cancellation at cost to it
instead
of the call
price, thereby saving the subsidiary company
$270,074.
In
connection with this financing, company purchased
1,236,549 shares of the common stock of the subsidiary company for
$6,182,745 in cash and made a capital contribution in cash of $1,456,936.
The net proceeds of this financing, plus the capital contribu¬
tion,
enabled the subsidiary company to pay its open account of
$1,456,936 to American Gas & Electric Co. and provided the sub¬
sidiary company with additional funds of approximately $22,000,000,
of which $15,000,000 was deposited with the corporate trustee to be
for
282,086
payable—general
—
payable—joint facility companies—.
Accounts
Customers'
in
1,091,820
10,859,035
3,230,753
937,254
168,475
822,771
——— ——_—
Gas & Electric Co.
Subsidiaries
Interest
used
expense
restricted
and
debits—
21,613
950,528
__
586,071,057 558,990,906
American
F
951,019
6,960,947
current)
(not
and
Liabilities, Capital Stock and Surplus-?-
•
Taxes
program
discount
banks
deferred
226,045
>"
40,419
in progress—__——!—___
closed
in
;[•
assets
receivable
notes
etc.———
v.Total .i
undistributed net income of subsidiaries consolidated amounting
$2,023,480, of which $1,000,000 is restricted as to dividends) was
These
$12,198,696, a reduction of $1,242,895 or 9.2% for the year.
earnings, were at the rate of $2.72
per share of the company's
common stock as compared with $2.99 per share for the preceding year,
Financing—Ohio Power Co., a subsidiary, completed a financing
ton
$5,524,941
Cash
Other
to
had
stockholders'
int.
income of subs.
Min.
Prov.
-
work
ing
advances
$7,876,170
434,031
Other
companies' common stocks (all of which
increased $833,301 or 6.1%.' —;v v'"
after preferred dividends for 1941 (includ-
company)
by
' •
1
rents,
accrued
debt
530,212
1,046,558
—
taxes,
Capital stock -expense—-——
Retirement work in progress—electric plant—'—
Z
Consolidated net income
1941,
1938
198,102
53,336
226,596
55,228
543,489
62,246
charges
service
Other
owned
are
In
..
taxes.
income for subsidiary
in
and
Unamortized
and the very large
\ ^ \ 1
t :
the increased cost of labor and materials;
increase
fivfe years.
Consolidated Income Account for Calendar Years
1941
.1940
1939
Accounts
portant factors that brought about the rise in the cost of operations
were:
the consumption of larger quantites of fuel at higher prices;
the
reduction in output of hydro-electric generation of about 160
million kilowatt-hours due to the lack of sufficient water for normal
output;
resale
and
current
7,008,3,78
9,382,847
supplies-
for
insurance,
Prepaid
Although
Extra Dividend—
and
Merchandise
utilities
American Chicle Co.—50-Cent
—
contracts
————_
electric
$2,239,790 to residential customers,
$1,735,017 to other
and $707,300 to small light and power customers.
$
487,828,048 466,601,510
2,695,303
5,830,564
11,546,245
Investment and fund accounts—Lj
1——
27,014,591
Cash, including time deposits————
30,361,910 41,271,797
1,970
Special deposits
!—!i—
_
2,570
420,596
Working funds
—;
434,373
967,275
Temporary cash investments
52,017
9,530,240
Accounts and notes receivable—!
—
10,194,131
(including intangibles)
uncompleted—-—.
plant
Utility
Construction
this time is whole-hearted cooperation
the war effort in order that an adequate
of power may be assured to the industries engaged in the
production of armaments for our fighting forces and their allies.
During 1941 new records were set for production, sales and number
of customers served..;. Over one-half or $6,708,049 of the $11,363,545
increase in operating revenue was in sales to large light and power
customers with the balance chiefly accounted for by additional sales
1940
1941
Assets—
supply
of
Comparative Consolidated Balance Sheet, Dec. 81
kv
American Gas & Electric Co.—Annual Report—
Geo.
j
,
;
.
..
$139,366
$170,398
9,285.".3,865
399(.
!_
$149,050
$174,263
49,462
39,958
,>"9,729
..;;
65.084
13,425
17,742
'
f'-'it
;
>
.*v
('
*'■
of
tExcess
inc.
•'
over
expenses——
oper.
$102,548
'
*Including
wholly owned
profit -on- security'
subsidiary.
.
—
and lift.'receivable.—
Accounts receiv. for securs. sold not delivered—
General market securities—-—^—.—,
Investment in First York Corp
— —
Investment in General Investment Corp.—_
Investment in UtUity Equities Cotp._
Cash
held
in
escrow-.
in The Fifty Pine
Street Corp.
Corp
Investment in American Securities
Total
i.;
—;
$91,438
.
31
'Accounts and divs;
Investment
ft'.
/,
Sheet, March
:r
Cash In banks———
$86,163
tWithout giving effect to net
transactions,
Balance
Assets—
$113,674
-
1942
$547,009 ,
> 2,541 "
1941
$738,377
72,920
^—58,523.—.'
10,487,461 .13,137,199
4,404,928
2,645,769
•:'•• 1,478,259
1,569,411
1,006,267 .1,075,906
871,667
1
1
1
1
$18,856,659 $19,239,584
—(—iAlN-i* a.;
I
r'
I
.
Volume" 155 £ Number 4071
Liabilities—
*.
V
THE COMMERCIAL & FINANCIAL CHRONICLE
-'r
*•'-
r
-
■
'"
,
AocbuntrS^pftyabl« for
M
*''
r
•
$3,591
5,600,000!
Notes payable to
banks.:™-™!!,.:.......-—™
Other accounts payable, accrued exps. and taxes
*
-
:Output—v-:; JYY
;
19,097
2,950,000
Output Of electric energy of the
for
week
the
ended
The
electric properties of this company
71,708,000 kwh., an increase
of 58,097,200 kwh. for the corresponding
52,848
62,693
\ of 23.43% over the output
'
•'
». -XV
; week of 1941.;0:; .•
104,647
52,468
weekly output of electric energy for
Unrealized deprec.'of gen. market securs. owned £>r6,544,255 Dr4,749,596
/ five years follows:
'
•>
Excess of cost of'investment over carr. amount:
Reserve for taxes, cxtraord. legal, accounting
other expenses, and other contingencies^
> r
and
liquidate the
the
..
,
-
^
In First, York Corp,
i_™_™__™'.Dr2,072,222 Drl,656,381,
In Utility "Equities Corp^U£^£!l-^iiuLilii-iii"i":tDr294,935:v.-::i)t'164^228
f
Dr43,087
V-Ia^O«jeral>Investment-'Corp
(io
,
™_™
cents par
Surplus
21,802,545
5%
+-v;"155,
first
mortgage
12 Mos. Ended Mar. 31—
light & Traction Co.—Transfer Agent—
Office r-arid has
appointed The New York Trust Co., 100 Broadway, New York, N. Y.,as
transfer agent for Its common and' 6% preferred stocks.—V. 155,
3 Mos. End
(Period?-
Mar. 31,
-
Cost
of
,
sales
(Including
Selling and advertising expenses./-'
General
I
and
admin,
expenses™—'
Operating tprofit. Ll~j,
Other
Total
-
Z.
income
and
miscellaneous
for
.27,118
;
Provision
-'
* loss$0.06
$0.64
"
$1,303,378
.
627,773
108,535
1,646
•
*U.
share on
per
S.
$523,686
$787,464
tax
$0.56^
provisionally
$0.34 ;
r
,
computed
has been
Guiana,
made or is believed to
rate
will
be
this
company
handled
in
ment
over
short
a
United
be
be required
wave
in New York and
Paramaribo.
States
May
On
by the Netherlands
There
was
-principal
gain
a
about
of
telephone subsidiaries
telephones
93.700
of
this
in
included
company
in
the
V. 155,
Earns.—divs.,
int.
.1942—3 Mos.—1941
etc.
843,234
.
$424,367
earnings
$548,916
,
count,'
1
etc.
235,004
;
$3,142,813
income.
dividends
Preferred
Bal. for
$306,851
$189,363
300,000
————
1,200,000
300,000
preferred
retirements
of
Amort,
;*
count
(.'-p,
t-!"■
,,.<•
$0.32
Subsidiaries) %
.
1942—12
Mos;i-194l
property
v
6.005,044H-26,160.220
.
State
'■* .Net
^8.165.810
5,502,718
5,057,099
192,000
728,271
1,669,272
■iz
•: vtWpirfc .i
divs.
89,130
__
882,761Z
$4,198,114! $4,717,143 $18,159,424 $18,884,932
'-.I
,
.
2,164.458
,2415^90*
8.420,380
.1,316.884
1,313.486
5,267.538
91,411
241,799
307,481
disc.,
-
,.
etc..
Am.
Net
$4,762,826
Bal. for
Earnings
com.
per
stock—
on
242,065
951,880
$954,891
$3,795,658
300,000
$3,277,827
1,200,000
$129,016
$654,891
shares out-
$2,077,827
$2,595,658
2,343,105
standing-
—<—-—
♦In anticipation
be
retroactive
to
.
r;c
$0.89
,
1,200,000
to
Utilities
$266,013
for
owed
-Utilities,
assets
-
by
,,,• -
include:
to
cancellation
on
the
securities
on
the
General
connection
the
the
trustees
'-'.vm
retirement
and
Z,4''^
account
open
trustees
by
proposed
r
condition
other
'
Utilities to
that
to
NY
contribute
PA
indebtedness
Finance
with
General
of
Keuka
the
Lake
Corp.,
NJ,
and
and
acquisition
Finance
Corp.;
Power
cancel
redeem
its
'
to
by
be
NY
assumed
NJ
PA
of
$245,000
Corp.
General Finance will sell
securities
these
25-year 67c
2,450 shares of
and
for the merger
of
for
$10,076,583.
securities
General
note,
dated
in
In
of
including a
1938, payable
1,
NA
NJ $21 499 800
PA
NY
PA
NJ
will
the
assumption
of
all
$1,024,338 3% promissory
to the Associated Utilities
Finance,
Oct.
to
addition,
consideration
which
on
The
$500,000 is owed.
sale of the securities
the
Finance
securities
53,850
re¬
will
to
by General
Finance
to
NY
PA
NJ,
dissolve.
be
sold
include:
shares
Edison Co.,
6f 67?
cumulative preferred stock by Metropolitan
subsidiary of NY PA NJ/ at 105 for $5,634,250.
National Publie Service Corp. secured
gold debentures
a
.
$4,307,900 5%
at
25%
of
face
$10,928,000
secured
gold
value
5%
for
or
$1,076,875.
certificates
debentures
of
deposit
for
National
Public
Service
at
$213,500
Atlantic Refining" Co. (& Subs.)—
Earnings—
Three Months Ended Mareh 31—
1942
.
Gross
operating income
Costs, operating arid general expenses..^
Insurance
possible addit.
and
taxes
miscellaneous
and
36,110,959
2,102,054
conting.__
profits tax is expected)-—
3
'
"■
—
—
J"L
oil and
gas
less
producing properties,
receivable,
$288,158;
current
accounts
held
other
for
and
expenses,
resale,
with
A
common
stock,
stock,
materials
$1,462,362;
clude
$3,522,271;
reserve
cash
of
$34,669;
liabilities,
406,832;
$1.11
955.385;
p.
<•
earned
$1,230,459;
surplus
earned
1671."
surplus,
ft
<
gage
stockholders
bonds
on
&
other
to
current liabilities
(exclusive
resDect of funded debt), $8,896,822;
$27,083,724; capital surplus, $22,at date of merger, $3.$12,758,137;
total,
$122,474,255.—V.
155,
1
^
v
1942
1941
$8,738,025
oper. rev.
sold, delivery & other exps._
Provision for deprec
in¬
of March
Y
1940
$7,411,458
/
1939
$4,472,384
$3,646,938
r
6,985,532
' $,600,954
241,547
Net
Inc.
companies
(•
operating
from
•■•,••'
Total
Fed.
338,015
taxes
3,832,797
212,926
'-
3,208,375
,i 170,376
^
1" 1
increase
/
authorized the calling of its first mort¬
Oct. 1, 1942, and the sale of all its assets, and voted to
on
Shares
Amount
of
earn,
♦Includes
***'
-
$268,187
24,316
■■
y-2,166
in
$1,486,282
--*846,000
-<<-«<.
fumr i> ..
_
$450,977
..
f
$270,353
$440,282
3
86,281
•
-
-
200,000
$322,973
____
49,646
/':■>!//-
.
.
______
$364,696
$220 707
85,746
85,745
85,746
191,107
189,205
187,713
124 580
Outstdg.
254.827
252,278
250.288
249',163
share
$0.93
$1.41
StQCk__&
com.
$426,661
13,793
v""
225,000
pref. stock.™
com.
$1,472,489
* 1"
1
*977,399
—---
taxes__.:__
income
on
Divs.
Vl 1
uap.
i
for antic,
Net
t
$1,525,372
and
Federal
$1,510,946
14,426
etc._
n;.• '' './J;.
income
stock
in
' /•'.
income
Prov.
profit.
invests.,
v.-'"•'.
•
May
as
Cost of goods
Divs.
on
laws
/
$0.98
income,
(& Subs.)—Earnings—
3 Mos. Ended March 31—
Sales
stock, $4,080,591;
provide for exchange of
Arnold Print Works—Liquidation Approved—
The
of
common
reserves,
of merged
$2,599^510
$0.41
statement
Federal income taxes under existing
Atlas Powder Co.
(including
of $666,000 for 1942 requirements in
other
$1,089,035
above
contingencies.—V. 155, p. 1749.
$3,852; minority interest in subsidiaries.
Co.,
the
in the abovo figures of income for
1942, includes provision for taxes
.which may arise from impending legislation as well as a
provision for
prepaid
other
Fuel Oil
Arkansas
in
.
com¬
leng-term debt,
$16,541,386; liability to
stockholders of Louisiana Oil Refining Oorp, payable in preferred stock
and
shown
462
482
148,000
31, for the respective years; no provision for excess
profits tax appears
necessary..
Af\-»
(2) Reserve for possible additional taxes and
contingencies, as shown
storage facili¬
affiliated
estimated
as
'202
148,000
Balahce^ applicable to oommoh .stock_».w_
Earnings per common share
.
$21,875,770;
$2*950,454
273
K
construc¬
insurance, rentals
$290,380; other assets, $292,030; deferred charges,
$522,299;
supplies,
$2,717,619
232,835
$1,476,078
238,770
charges
applicable to minority interests.______
Dividends on preferred $tock_^
accounts receivable (including
$277,434), $3,356,270; merchandise
reserve,
2,556^937
$1,286,798
189,280
Income before Interest charges
Taxes,
719*,584
542,296
2,416,885
Income
Notes—(1)
453 526
509^260
Interest
r
-
576 311
-752,406
Net operating income*-—
Non-operating income, net—
$2,954;209
1,968,817
25,767,358
1,815,400
500,000
reserves..
Depreciation, retirements and other amortiz
$5,242,738
4,403,517
1,394,630
54,678
—
1941
$44,254,673 $34,572,720
Intangible development costs_fc_«^i
Depletion, lease amort, and abandonments
*$5,084,ISOi-'cUstomers'
$84,356;. funded
or
of additional Federal taxes on income, which may
Jan.
1.
1942,
and the amount of which cannot
:r-/ ::■■■
excess
stock of predecessor company,
presently be determined, the tax accruals for the three months ended
March 31. 1942, have been Increased by approximately $600,000 over
the -amount that would have befen required on the haslsjot the 7941
"rates.
its
L.
held
1
'
$4,866,986
375,749
*
y/--,'i.
'
revenue,
materials)
class
967,168
235,004
300,000
share
all
33,030,938
—
___—
Liabilities—Preferred
$429,016
dividends
.'
—
$225,295; total; $122,474,255.
W.
income
hand,
gas
merchandise
tion
debt
W. 6c E, Oq» Inc.-,—
Preferred
!
of
distribute
securities and
by
In
of
the merger,
various
General
$37,897,924
*
on
and
$4,229,707
$1,196,956:
Willard
the
After
$38,947;
miscellaneous accounts
and
notes receivable
(less
reserve, $22,338), $389,038; crude and refined oils, at cost, $3,781,892;
8.594.125
«
and
securities
the
demand
panies,
:
of
amortiz.
DriscoU
certain
stock of Keuka Lake Power Corp.
The SEC set May 3.9 for -a hearing on the
plan.
'
the same time, the Commission
approved a plan
liabilities
pipe .lines,'
/unbilled
5,220.500
$2,752
int.J in subs.—
$664,020
Int.,
Exchange Commission
subsidiary, the Associated
promissory *iote -dated Oct. -1, 1938, in the face amount
now reduced by payment of $500,000, payable to Asso¬
NJ
PA
acquire
GonSolidatcd Balance Sheet, Dec,";8li 1941
j
accounts
subs.„
subs
of
—-
income
-
and
ac-
.
of debt
etc./of
(net),
debt
debentures
of
etc., $93,479,570; excess of investment in securities of
subsidiary companies consolidated over equity in net assets thereof at
dates of acquisition,"$13,012,268; investments, $311,616; cash in banks
discount and premium
Minority
and
its
Metropolitan Investing Co. into the General Finance Corp.
eventual
liquidation of General Finance.
Both are
in
the
Associated Gas & Electric system." -',511'
in>
;
f
~
——
(no
Assets—Leaseholds,
1
Pref.
income
ties,
■
•
V'i-Gross .income———
amort,
of
various
its
Utilities
NY
and
common
—
Preferred dividends
V'''. V'~-'r'fk
Interest,
cancel
assets
of
Corp.—Annual Report-^
expenses—.
taxes
income, tax_*_
•Federal
23,529,012
6,474,982
1,717,395
r
deplet.
adjustments
of
At
common
Interest; and/other charges—__s.—___—
5,013;360
6,256,901
deprec.,
&
$84,225;
minority
income
Gross
..
4
1,532,943;
1,364,262
%
.-.'tir-••
-
for
'
-
•
-•
2.947;059v ;. 1,589,346
•Other. taxes
Provision
(Company ahd
t
6.531,137
income.
on
$10),
(par
—
operating revenue
Gther income
^^;!!$17,015,7T8!$15,537^67 $65;191^26- $59?624,065;-
expenses and
;' ':'
taxes
Account
1942—6 Mos.—1941
End. Mar. 31—
maintenance
*Fed.
Securities
common
income Statement, Year Ended Dec. 81, 1941
Operating and other
$749,636
$0.42
Gros? earnings
for
and
surrender
income
$344,685;
held
the
dissolution
.
Consolidated Income
'Operating
1,200,000
$990,933
standingPeflbd
stock
$25,265,916;
par),
no
Net-
surplus
J
*$110,637 •'
$6,851 "
Earnings per share t>n 2,343,185 shares out-
•;
by
1,795,534
$17,098),
Corp.—Offers Proposal to
by
NJ
all
$1,024,338,
ciated
and
merchandise
$3,781,892;
cost,
.Gross, operating revenue
stock &
com.
PA
Reserve for
$1,949,636
...»
-of
$361,427;
cost,
/Arkansas Natural Gas
"967,168
$2,190,933
reserve,
pro¬
Taxes
shares
Consolidated
Net
(less
units
above
1749.
p.
,384;486; total; $51,479,814.—'V. 151, p. 2181.
$2,916,804
*
951.880
receivable
notes
to
the
transfer
will
A -demand
•
1941
Sheet, Dec. 31,
14.6%
or
155,
Utilities.
6,505
Balance
oils—at
refined
1
-
-
31,243
—
*
electric
by NY PA NJ consisting of $111,600 of the Metropilt&n" Edison
Corp. secured consolidated refunding gold bonds, 6% series, due
1961;
$1,584,000 Mohawk Valley Co. 67c consolidated refunding gold
bonds,
due
1981;
$19,000 Rochester Central
Power
Corp. 5%
debentures
series A, due 1953; $1,281,000 of NY PA NJ 5%
debentures, due 1952;
and $170,400 NY PA NJ secured 57c
debentures, due 1956; $24,478 251
of open account indebtedness now owed
by NY PA NJ to Associated
$1,943,360
stock
Electric
net
117,545,833
was
units
1,
25% of face value or for $2,732,000.
Metropolitan Edison 67c
secured
consolidated
refunding
gold bonds, due 1961, at 95% of face value for $204,960.
$396,600 6% Mohawk Valley Co. consolidated
refunding gold bonds
due 1991/at 103% of face value or
$408,498.—V. 155, p. 1671.
*
242,065 4
preferred
group
ago.—V.
year
May
sumed
763,958
*
Electric
14,992,288
a
ended
preferred stock at $26
a
share of a total redemption price of
$148,059.
:
The contributions proposed by the trustees include:
$1,166,000 aggre¬
gate principal amount of various bonds and debentures issued or as¬
$2,982,636
244,074
*
—
week
outstanding 5,694 shares of $3 non-cumulative
$2,767,609
—
&
of
Co.—Weekly Output— /
Thorp, trustees for the Associated
the
stock
stockholder's
interest in subsidiary company, $131; funded and other long-term debt,
$4,741,386; indebtedness to Arkansas Natural Gas Corp (parent com¬
pany), $200,000; liability to stockholders of Louisiana Oil Refining
Corp., $34,669; current liabilities (exclusive of indebtedness to parent
company,
and $66,000 for 1942 requirements in respect of general
mortgage notes), $5,997,411;
other liabilities, $668,383; reserves for
depletion, depreciation and retirements, $9,796,122; reserve for injuries
and damages,
$2,495; capital surplus, $304,590; earned surplus, $4,-
$4,520,082
$4,430,886
1,377,269;
1,514,082
-
—
—
average
(102,019
•Int., amort, of debt dis:
tax
Liabilities—6%
—
1942—12 Mos.—1941
$943,828
394,9.12
$767,601
Expenses
Net
NY
retire
materials
and supplies,
$967,300;
prepaid insurance, rentals and other expenses, $199,303; other assets,
$265,598; deferred charges, $91,938; total, $51,479,814.
income Account «f Company Alone
Period End. Mar, 31—
1
for
dissolution
or
$5,246,631
2,479,022
is expected)—.
.
upon
$90,000,000 convertible obligation, due March
Utilities and held by the trustees. This obligation
fceen reduced to $83,747,814.
After
■
*.<!*,_!_«.
Boston,
/
•,;
payment
its outstanding stock.
will
Trustees
24,536,246
—•—
of
'
•
for
the trustees.
$44,999
—_
L.
for
Gas
submitted
issued
15,768
v/'
Y
outstanding Utilities capital stock,
to
.
$35,187
(no excess profits tax
accounts and
sale—at
1670.
p.
the
$60,768
15,363
report
increase
an
will
all
own
1963,
nas
—215.027
on
and
crude
Bell
gain
American Water Works & Electric Co., Inc.—Earnings
'
-
1
$60,357
- 411
408
$50,550
income
laneous
the
19,254,800 telephones in the Bell System
there were about
of
plus
Trustees will cancel the
1,
___________
—■____—
Gonsolidaied
net-gain for the first four- months of this year totaled 416.200
against 483,800 for the same period in 1941.
At ..the end of April
this year
■«
$50,142
''... .v
•
Dividendsoncommonstqck———————
The
as
■*
all
Assets—Capital sssets, $40,716,947; cash in banks and on hand, $2,194,046; customers' accounts receivable (less reserve, $183,552), $2,555.280; current accounts with affiliated companies, $1,399;
miscel¬
in
System during the month of April. 1942, it is announced.
The
for the previous month was 105,700, and for April, 1941, 112,500.
.
■>.■«■111'
Bank
\
accepted
•
$162,843
102,491
:
Shawmut
'
ba
the trustees to the NY FA NJ Utilities Co.
Steps in the liquidation of the Associated Utilities Co.
*1941
$158,377
<108,235
—_——
income taxes
Dividends
/
service
will
The plan,
as
filed by trustees Denis J.
Thorp, also provides for the contribution of
3,709
$147,043
-
1942
H
and Tetirements—
Colonial Govern¬
; .
share
Dissolution of Associated Utilities-
on
After
Net
4.
^
amount
per
*
National
bonds
102,553,545 units
Trustees
;
.5
income
Federal
Gains in Phones—
*
v
Interest and other charges—
for
Paramaribo,
and
The
at
Associated
is
corporation
who
Other;income
The service
radiotelephone circuit operated by
opened
the
April 27, a plan
Utilities Corp.
of
v
between
scheduled. to
was
.$177,089
(approp; Ifot. sinking fund)
State income
Dutch
2,904
$27,764
'
American Telephone & Telegraph Co.—New Service—
communication
of
Corp.,
certain
Nil
the
at
profits tax.—V. 155, p. 1401.
Telephone
<
SNet operating Tevenue
$0.38
income
provision
726
$42,245
.
.Net operating revenue
Gross
Note^-No
■
48,056
*'V"'*•*'
55%.
excess
204,049
77,813
$14,654
,v
•
•
stock
normal
208,410
Consolidated Income Account, iYcar Ended- Ekbc,* 31, 1841>
Reserves
$563,743
—
made
Associated Gas &
'-'JS
-
14,358
Operating and other expenses^
Cr4,645
4,029
2,640
be
This
SEC
$402,856
-
Grosk operattng revenue, after deducting allowanceSi!._-_i.- $29,782,877
59,076
286,299
*388,106
interest
■Tsommon
_
,
Note—Sinking fund
v? "
_
Earnings
—
18,375
to the extent
Fed. and foreign income
Net profit
$466,21$
'Arki^saArFuel'Oil^^ Co^-AEnual Report-—
669,510
769,042
•644,008
and
par
the
Redemption—
Driscoll and Willard
of
$381,024
r21,832
figures restated for comparative purposes.
requirements are appropriated from net income
available and are a prior charge to the declaration and
payment* of- any dividends.
It is estimated that the sinking fund
requ.rements for the year 1942 will be $112,108.—V. 155, p. 692.
/
$696,858
;
at
in
were
mentioned
Electric
(kwh.).
~
Inc.),
deprec,
depletion, etc.
&
output
♦1941
,,
and
sell, exp.,
int., taxes (other than
Minority
$104,080
; 51,232
32,486
726
;'V *' ?^ >,
wvNet>inc.
Fed,
Avtaxes
-
$447,841
Gross_income
^!!_
Total-Income.deductions———
Admin,
<
,
$101,537
2,544
"
.
$1,846,834
deductions
..
^
•
3 Mos,Efld/MarV31—
~-1942 * • •: 1941 Y1940*/ '
1939,'
Profit4)efore«harges^!^$1,436,695 , $1,450,840<<-M,007,9941 ^>$387,137
other income
161,801. ; / 395,994. i- (295,383; < 309,722
v
.
Other -income,"
American Metal Co., Ltd.* (& Suhs.)'—Earnings—
$1,598,496
1,449,272
taxes--;
h
by
income
$i,830,290
1,580,191
Net_;"oper*tingrevenuesL.;
Reduced—
to reduce the authorized
canceling the ?2,890 shares of preferred stock,.-par.
$100 each, which was held in the treasury.—:V. .155, p. 1115.
_
. ? v
-
Total
Federal
lor
income
,Y>*
'
t
,
redeemed
$31.50
at
presentation; at the option of the holder, at the above named office,
at any time prior to Oct.
1, 1942, at par and accrued interest to one
after the date of presentation, or to Oct.
1, 1942, whichever is
earlier.—V. 155, p. 1402.
Gas
$2,028,032
.T<ttaidperkti»g r«yehues-i-w»!-__L!_u»_*-.-!_!.
Operating vevepue deductions -and iaxesu«.!w_w
^
American Manufacturing C«.—Stock
will
above
Utilities
•*'.
30,
month
1942—12 Mos.—1941
Arizona Power Corp.—Earnings—
;
.'3 Month's Ended Mar; 31— ".
l0ss$18.476
$197,385
.
pt818;v,
The stockholders at a-recent meeting voted
The
Denis J.
377,879
iSS
.'
capitalization
State
'■
40,000*
*54,000;;
*% Net profit" ™!™" '$70,051
Earnings per share.!™!™v.l!!!!.<.• $0.23
^Includes: provision - lor ^atidlttbnal^^
♦stlmatcd:"Increase raise for*1942.«^.?155/
revenue :
Gross income.
Other
-"(estimatedj!'>*■**'
be
outstanding
April
trustee, 40 Water Street, Boston, Mass.
32,577
i
income1 taxi!,
Federal
Payment
$1.10
>..;l
$479,415
$125,566
% $14,101
37,452
$1.28
430,359
50,169-
,.16,735f:.-
,
..
$552,890
-<•4
18,380
.
$274,837
.
$1,03
1942—3 Mos.—1941
.""Other,revenue
$247,719 v loss$4,279
sales
on
deductions™.
31—
$122,530
3,036
and notes
payable, cash discounts
,
Mar."
dperaiing
Net
38,498
42,458
$140,786"
debt
$1.94?;
,
.
duction
144,661
v
-
i16,535
,
_
on ,f upded
Provision-
!_
:_
158,459
$124,251
™__j:
!_!
Income
Interest
'
..
Total operating revenue
"total operating expenses
479,329
898,465
1,296,773
;:•! 171,821.
..78,201
-
!!-.--.w_«_;__'
Period End.
depreCia-,
depletion)
dividend,
will
are
Associated Gas & Electric
.
tion and
,
All -of the outstanding first mortgage bonds dated Feb. 1, 1937, have
been called for redemption as of Oct.
1, 1942, at par and interest.
Arizona Edison Co., Inc.—-Earnings^
!42 .Mar. 22, !41 Mar. 23,.'40
$1,347,101 ,..,$657,609
Ket.sajes
3,925.
to
v
-
12 Weeks End.—
.
which
on
Oct.
1, next,
Also Just paid off on
Bonds Called for
1939
*$917,520', *$1,171,234 *$1,055^64
vision lor income and excess profits taxes exceeds the amount required
by the revenue acts now in force.—V, 155, p. 1210.
Metals, Inc.—Earnings—
&
1940
1941
1942
depreciation, taxes (except excess profits tax), and all charges
and including in 1941,? loss of $463,506 resulting from sale 01 plant in
Long Island-City,' N.-Y;j "• • ■ v .•
> IAfter all- charges including income and excess profits taxes.
Pro¬
•
American Machine
,
38,666,000
,
"After
.
-
p/ 1593.
>
38,685,000
38,148,000
38,313,000
39,367,000
51,473,000
51,054,000
144,607
39,080 shares of 5% preferred stock.
Common
stock is outstanding in the amount of
170,987 shares.
'
Operations of some departments of the company,
particularly the
washed goods division, are
tapering off because of the shortage of
gray goods—this shortage having been the
primary reason for liquida¬
tion—but some other departments are still
running at a high rate,
with one of the plants operating three
shirts, a North Adams, Mass.,
share en
per
eommon-
■
transfer
own
1938
V
41,992,000
40,938,000
39,179,000
50,887,000
t$l,562,499;
profit
Earnings
American
Thecoitipany/ hak ^
1939
50-cent
Anchor. Hocking Glass Corp. <& Subs.)—Earnings—
Net
4
;
•*(
-
I
51,321,000
bonds
interest
$2,158,400.
of
subject to final deter—**
of about $15 a share for
dispatch says.
437.
p.
.
the last
»
1940
•
53,968,000
53,608,000
54,840,000
58,097,000
accrued
22,421,899
$18,856,659 $19,239,584
„_™_________™
1941
May: 2—-71,708,000
—V/155, p. 1749,
;
Total
1942
70,456,000
April 18-^--'' 72,242,000
April 25__u_. 72,277,000
Dr63,8i'3 ••—. 036,980
167,528
172,278
139,811
143,459
l- "
par)-!-,™1
<$i
Common stock
Week Ended—
April 11—:l :
Dr49,087
;.ln* American Securities "Corp..;!!.™™™™
Preferred stock
v.
vote
a
stock.
common
The
,
by
payment,
contingencies,
'
_*"■
corporation,
management expects an ultimate
of taxes and other
mlnation
1942, totaled
May 2,
1827
dissolve
per
-
$674,700 in 1942 and
$399,030 in
'$1.11
1941
excess
.
85 746
$0 54
profits tax
THE COMMERCIAL & FINANCIAL
Y.;'
'
Cash
"
$5,109,357
...._r——--
3,612,889
2,988,537
7,738
—
Co.receivable—.—
•Stock of the Atlas Powder
Accounts and notes
receivable
notes
Employees'
Inventories
securities
etc.
U. S.
9,054,415
4,053,186
898,514
983,444
279,809
were
of
55,444
—:
Social security
1,377,000
accrued
tax
—
stock
..
Other
:——:
*
S-YYIYY
The
York
took
Six firms
a
4,776,937
with
Total
449,792
376,495
123,147
Period End. Mar. 31—
150,000
Earned
for
$1,189,928
Divs.
the
$1,487,608
$1,630,698
$1,559,363
13,019,102
11,437,683
9,718,217
Total
revenues
—
Taxes
Earn,
—V.
paid for rent
of equip. & joint facil
Net
—V. 155, p.
$1,285,331
$2,504,108
income
1403.
oper.
ry.
$3,620,822
$5,130,103
share
•Including $334,018 in 1942
the U.
ties at
at March 31, 1941 and 1940, respec¬
$1,184 in 1941, $5,669 in 1940 and $1,699 in
for prior year.
359,762
1941
$2,910,529
195,928
$5,752,932
$2,714,601
11,774
profit on operations........
Net
Other
...
9,199
income
—.......
taxes
on
Real estate
(Furniture
Deferred
fixtures—.
and
profit for the period carried
of net
Balance
$1,221,300
$664,706
surplus
«.
dividends declared
•
(net)
but
including provision
before depreciation and amortiza¬
tion.
Agreernent-
Labor Dispute
wiiiiam
H.
Board, on
of the National War Labor
Chairman
Davis,
1,188,241
$505,453
$1,555,113
$1,109,185
Federal
—
and other taxes
income
Accounts
payable
debentures
debentures
-
-
...i—
—
—
anticipated increase
for
Reserve
50,447
surplus
12,500
$10,985,538
$9,811,031
1,557,872
5,217,882
4,654.779
$1,785,503; $5,767,656
$5,156^252
preciation ^atnort;)
of
$1,943,743
effect
which are necessarily
exchange
will
made
are
final adjustment
subject to
be
16,167,819
unanimous vote had adopted
as
its own the unanimous recommendations of the three-man panel
in
the
dispute between
this company and the United Electrical,
Radio and Machine Workers of America,
Local 439, CIO.
Issues in the dispute were:
(1) union security, union responsibility,
and
management's;
(2)
second and third shift differentials;
(3)
modification
of
vacation requirements;
(4) flat 15-cent per hour
wage
increase;
15) job classification in the erection shop;
(6) es¬
calator clause relating to reopening of negotiations relative to wages,
with respect to the Bureau of Labor Statistics Cost of Living Index;
find
(7)
severance pay for employees entering one of the armed
Total
-
tively.
■
'
^Represented by 2,314,989 no par
All
accounts
of
reserve
•
1942
t$472,045
$0.47
.......
•After taxes,
a
1941
$385,214
$0.41
depreciation and all other charges, and in 1942 after
for estimated additional taxes.—V. 155, p. 1305.
$590,000
Briggs & Stratton Corp.—Earnings—
Net
$87,843,098 $77,848,353
$5,477,039 in 1942 and $4,988,380
annual
pending the determination of permanent rates.—V. 155, p. 1404,
Earnings per common share
profit
Prov.
(After
depreciation reserves of $517,694 in 1942 and $490,930 in 1941.
(In¬
cludes $5,000,000 in 1942 and in 1941, due in 1945 and 1943, respec¬
•After reserves of
the
[Excluding Unconsolidated Subsidiaries]
6,167,819
13,355,004
14,569,076
when
Temporary rates for certain of the services continue in
up.
3 Mos, End. Mar. 31—
7,500,000
16,585,168
-
average
to some extent arbitrary.
Bridgeport Brass Co.—Earnings—
12,500
7,500,000
16,585,168
——.
—
$3,343,381
1,793,727
Nete—The operating results as shown in dollars are taken at
rates
150.000
—.
surplus
$3,737,470
—
•Net earnings
-
1942—3 Mos.—1941
1942—Month—1941
oper.
expenses
Net earns, (before de¬
$14,050,000 $16,475,000
3,462,252
2,382,263
4,256,677
3,988,85.1
686,021
473,000.
1,040,585
758,748
9,658,000 10,000,000
9,855,000
tax
Paid-in
from
earns,
Operating
in Federal in¬
Minority interest of subsidiary..—
Prior preferred stock
§Common stock
—..—
1942 and 1943.
(Expressed in United States Currencyl
Period End. Mar. 31—
figures
income
Deferred
subsidiary
in 1941.
$710,000
$3,328,272
30,188
22,308
104,637
89,765
$1,437,381
$687,692
$3,223,635
$1,535,444
amortization
Net profit from
Other
shares.—V. 155, p. 1672.
oper.
(less
income
$1,625,209
$1,467,568
from oper.__
deprec.
and
for
1942—12 Mos.—1941
1942—3 Mos.—1941
Period End. Mar. 31—
selling, administrative & general expenses,
♦After
1,151,147
SEC
Gross
$87,843,098 $77,848,353
-
—
(Notes payable
184,717
119,310
.
for doubtful accounts and notes,
414,457
Int.
—Earnings—
928,139
222.519
374.911
45,478
:
charges
Earned
Company's equity in profits of companies more
than 50% owned but not wholly owned, less
99,192
1,189,801
.......
...
...
assets
come
1,502,500
5,100,000
$2,357,425
382,263
$963,963
(rtls.
Brazilian Traction, Light & Power Co., Ltd. (& Subs.)
Liabilities—
incl.
income,
profits taxes & prov. for contingencies
excess
to
estimated
for
Provision
$2,723,800
—$5,764,706
& contingencies.^..
8,537
13,071
Investments
21A%
taxes
$5,501,702
80,010,340
_
receivable..
accounts
and
notes
Miscellaneous
2%%
profits
Profit before Federal income & excess
$2,706,260
anticipated construction expenditures during
1941
$5,043,606
71,483,360
5,470
13,106
101,700
1942
receivable
notes
—
-
----
—
•Instalment
Employees' thrift accounts
!
$919,910
31
Assets—
Cash
Total
Subsidiaries)
1942.
$6,112,694
$1,346,226
on May 4 authorized- the company
(a wholly-ownedSub¬
Washington & Rockville Ry., which in turn is a whollyof Washington Ry. & Electric Co.) to issue and sell
to Washington Ry. & Electric Co. for cash 50,000 shares of its capital
stock having a stated value of $10 per share, at a price of $10 per
share, and to use the proceeds therefrom (a) to pay an indebtedness
due an affiliate and incurred for capital expenditures heretofore made
in the amount (as at Feb. 28, 1942)
of $41,327, and lb) to pay for
and $54,719 in 1941 excess profits tax.
Canadian assets and liabili¬
Co.—Earnings—
(Including Wholly Owned
3 Months Ended Mar. 31—
•Profit on operations
Provision for depre. & amortization
321,217
$2,022,181
335,245
155, p. 1750.
owned
dollar equivalent
S.
$After deducting
tively.
Other
(The) Babcock & Wilcox
$2,385,043
sidiary of
(Unrealized loss in connection with stating
Consolidated Balance Sheet. March
686,926
718,841
156.001
250,856
$806,391
113,519
Income
The
$14,569,076 $13,355,004 $11,831,271 $10,101,337
2,314,989
2,314,989
2,314,989
2,314,989
$0.47
$0.60
,
$0.66
$0.63
surp., Mar. 31.
stk. (no par)
com.
RR.—Earnings-
amt.
Net
397
$1,248,55697,670
752,810
Braddock Light & Power Co., Inc.—To Issue Stock—
1942—3 Mos.—1941
—
expenses
1,253,049
32,400
10,785
—.....
Net
1939, adjustment of Federal taxes
1942—Month—1941
$9,069,455 $6,239,003 $23,135,835 $17,648,304
4,022,671
14,931,891
11,540,556
5,309,491
775.000
2,355,000
1,800,000
1,005,000
9,171,869
1,750,417
899,788
824,660
326,249
.....
income
deduc.
1942—3 Mos.—1941
-
$4,758,522 $16,852,578 $13,200,303
11,784,930
...
rents—Dr
Net ry. oper. IncomeOther income
$15,588,825 $14,490,502 $12,966,769 $11,230,800
93,753
93,753
93,753
87,717
025,996
1,041,745
1,041,745
1,041,745
corp.
stock
Edison
3,134,843
539,862
269,679
7,747
Joint fac. rents—Dr.
avail,
common
on
Earnings per
directors were elected by the company on May 6, increasing
to 11 members. The new directors are G. C. Gam¬
mons, director of the company's legal department, and P. S. Pollock,
bead of the government ordnance works department.—V. 155, p. 1305.
Operating
Operating
4,037,325
etc.)
prior pref. stk.
on
Divs.
new
board from 9
Atlantic Coast Line
$6,447,575
___
capital
on
of
stocks
of common stock made oh
was withdrawn April 28.
offering in six transactions.
originated by Spencer Trask & Co. at $49 a share,
period End. Mar. 31—
___
expenses
$15,641,104 $14,503,710 $13,068,381 $11,277,580
52,280
$16,208
$101,612
$46,780
net
surplus
divs.
1942-Month—1941
revenues
Taxes
14,451,176
surplus
charges,
to
Boston & Maine RR.—-Earnings—
250,000
—
reported
as
company,
6.6%.
Operating
Total
Y/Y >
New D irectors—
'Two
the
*651,662
of
Operating
surplus, Jan. 1.
Surplus
commission of $1.
a
1,058,366
.
this
of
output
for week ended May 2, 1942, was 28,020,000 kwh.,
with 26,296,000 kwh. for the week ended May 3, 1941, an
over
$2,102,111
166,254
taxes
income
Net
Earned
Shs.
•
181,527
$32,463,707 $27,552,131
Stock Exchange April 23
total of 183 shares of the
The offering was
$2,285,163
.225,011
system
the preceding week output was 27,731,000 kwh., an increase of
the corresponding week last year.—V. 155, p. 1750.
For
in
inc.
income
Federal
; 1,008,790
of 1,000 shares
offering
special
New
increase
;
taxes..
charges
Prov. for antic,
Offering Withdrawn—
the
stock
$2,517,226
(2,945
Prov. for Fed. Income &
(Including 125,184 shares
155, p. 1750.
Institute,
compared
Equip,
•9,109 shares in 1942 and 10,573 shares in 1941. (After reserve for
depreciation and obsolescence of $10,325,658 in 1942 and $9,497,463 in
1941.
(Represented by 263,936^ in 1942 and 262,851% in 1941 no
par-shares*
$2,797,416
299,123
Income
Gross
Int. on debs. Si oth. int.
6,859,700
1,037,710
5,083,752
,
_
_
—-
1,551
8,797,875
———--
———;—...—
Y
655,840
$2,100,560
3,115
.
net
Electric
4%
capital
....
...—
—-i-'
Capital suTplus
Earned surplus
...
—
....
stock
2,143
amortization,
Boston Edison Co.—Output Up 6.6%—
3,176,048
$2,282,048
$2,515,083
3,005
credits
Income
(After;
depreciation.^
31,767,875
$74,577,610 $59,313,527
—
—
1939
$5,276,608
3,171,602
3,487,608
$2,794,411
income
oper.
818,539
1,863,593
78,129
57,164
85,272
4,959,551
66,311
57,164
—17,366
Liability for cash advance from U. S. Govt
1,499,604
Motes payable (due 1950)
•
1,377,000
Reserve for contingencies and insurance, etc...
1,272,308
Preferred stock
—6,859,700
;
3,831,477
_
Dividends accrued on preferred
Deferred credits
Net
$1,209,442
$1,435,366
J—
Federal income taxes*.:
Total
1940
$5,453,650
-
The
doubtful notes)..
lor
1941
$6,002,691
prov.
as
Contract advances
(Common
(incl.
exps.
.
$6,625,888
Operating income
,
—
of Borg-Warner common stock.—V.
(& Subs.)— Earnings
.
payable and accrued liabilities..——
Accounts
1942
End. Mar. 31—
3 Mos.
1,499,604
Total
2,000,000
34,237,597
—
—
...
•After
$32,463,707 $27,552,131
liabilities—
Contingency reserves
Surplus
telephone gain will
will cease to
the
on
Beneficial Industrial Loan Corp.
Oper.
HVt-wtal
YYY/ Y YYv
vVYA::;>■;
materials,
the
progressively meaningless. Accordingly, this company
issue the figures for the duration."—V. 155, p. 1503.
2,960,000
Treasury notes——
business conditions.
present limitation
general
"With
be
5,507,452
118,098/ : 106,675
1,336,144
1,030,227
318,711
833,871
fund-.;
Refrigeration maintenance
Special reserves
telephone gain for the Bell System as made public in the past
some
measures of the demand for service and some indication
the
12,059,839
—...
...
income.....—......^..1...
Deferred credits to
May 5, the company states that "the figures
statement issued on
In a
of
......
—
Federal tax reserve
of the war.
gain figures for the duration
$12,309,510 $12,309,485
7,834,240
4,286,637
4,363,470
3,411,301
payable
Accruals
288,482
78,985
investments
items
deposit, U. S. Government contracts—......
Cash
824,704
9,185,261
4,053,231
Goodwill, patents, etc
,
Securities of affiliated companies.
Deferred
94,145
76,264
——__„™«"
...
(Plant, property and equipments
Miscellaneous
3,800,613
5,636,970
68,244
™
& notes receivable,
accounts
Miscellaneous
Marketable
292,066
—
Accounts
.
($5 par),—
Common stock
It is announced, will not announce monthly telephone
This company,
'
Liabilities—
..
Installation Data—
; $3,862,336
251,600
——
-
1941
1942
'
,
Co. of Pennsylvania—Stops Monthly
Bell Telephone
YYY Consolidated Balance Sheet, March 31
Assets—
Monday, May 11, 1942
CHRONICLE
"
Y
mis¬
i;r;;-i!V
;
91,405
32,275
239,943
136.234
$1,528,786
cellaneous
$719,967
$3,463,578
$1,671,678
charges)
April 22 announced that the Board by a
.
Bigelow-Sanford Carpet Co., Inc.—Earnings—
Three
Sales
♦Net
profit
Federal
is located at Barberton, Ohio, and
Bayonne, N. J. Approximately
involved in the Bayonne dispute.—V. 155, p. 1403.
650
employees are
$1,561,946
1,232,120
revenues
expenses..
$1,206,259
968,131
236,964
133,404
623,237
$104,724
$253,035
$253,534
income
2,130
2,387
4.398
4,749
income^.
$94,993
$107,111
$257,433
16,585
15,685
$240,848
5,608
5,308
.
profits
income
V. 155, p.
£
$89,385
-
$101,802 v
•
After
:
taxes, etc.—V.
depreciation,
/
declared
a
'
1941
1940
$4,560,935
155,
.
_
<
94,837
$1,978,658
71,011
similar
$8,329,721
$4,723,893
$2,767,058
Deprec. and amortiz.
555,157
Sundry charges
—
Fed, and Can. taxes
93,237
5,814,315
398,653
68,692
1,888,951
431,783
62,906
496,129
378,949
milled
Net
income
from
.
produced
—
...
Development, oper. and other current expenses.
:
the expected
1941
159,170
$642,259
$636,148
374,917
370,461
3,260
$265,687
"... 701
———...
$270,602
$266,387
for taxes.
63.500
61,000
Operating
profit
Non-operating
Total
Provision
—
revenue
Profit before write-offs
Capital
1942
expenditures
Note—In the
tion.—V.
stock
,
2,336,718
$0.80
$267,342
share
—
$207,102
$205,387
$3,103
$553
increase.
s
'
v
based on
,
„
Consolidated
Assets
$2,367,597
$1,867,012
profit
—Taxes for 1942 were
165,830
metals
Net
Shares of common
Ltd.—Earnings-
—
456,091
59,923
1941
$561,027
$504,852
18,500,000
8,600,00$;
unfilled orders at Mar. 31, 1942, was $29,000^000, as
approximately $14,000,000 at Mar. 31, 1941.
management of
on
a plan
Brill group; he said. ~
whether
inquired
and submit it to
disclosed
He
a
minority
~
Balance
•
>
committee
might
March
31
V''1942'
,
/»
*;
Charles
a
":'r
•;
officer of
the
:
Chief
trict
V.
Guernsey,
Granted Leave—
Vice-President of this
of
company,
has, at
to Colonel D. N. Hauseman, Deputy Dis¬
Ordnance District, effective May 5.
Philadelphia
the
155, p. 1595.
"
,
.
.
'
^
.
Bristol-Myers Co.—Dividend
C
from
pany
June
■
■
*
1941
on
15.
May
■
Decreased—Earnings—
interim dividend of 50 cents per
stock, par $5, payable June 1 to holders of record
with 60 cents per share paid each quarter
Dec. 1, 1936, to and incl. March 2. 1942.
In addition, the com¬
made the following extra distributions: Dec. 1, 1936, 20 cents;
1 and Dec. 1, 1937, 10 cents each, and Dec. 2, 1940, and Dec. 1,
-10 cents ■ e&cli*
-,y * v, vy.*... yy/y.''.- -.-vy'•;•••"/ *
.
y
v ■
The directors on
share
—-
Total'$74,577,610 $59,313,527
Owens
request of the Chief, Philadelphia Ordnance District, been granted
leave of absence by the company in order that he may accept a
^position as .technical advisor
^
1941i".).^
13,398,957■ ,16,334,930
Marketable securities
—-—
74,881
14,937
Inventories
—23,948,342 15,088,654
Notes and accounts receivable..
——17,024,881 11,141,966
Prepayments and deferred charges.-L...—- ;* 1,868,760 / 1,175,678
?
'
-the
•Property, plant and equipment.™—...—$16,192,727 $12,675,500
(Special plant facilities—:
————. 440,420
Patents
and
goodwill—————-—-- y
753,699 g,
794,241
(Miscellaneous investments
—1,315,364 ' 1,647,200
Cash
chief
remuneration of other officers was
(J. G.) Brill Co.—Officer
2,336,713
2,302,042
v $1.01/:
$0.76
$0.50
1941 rates plus 25% to anticipate
V-■
as
be
plan.
wel¬
plan
$1,154,705
$1,776,240
]
2,336,713
'
Sheet,
stockholders for approval.
he receives no salarv
that
of companies and that
moderate.—=V. 152, p. 3172i
group
"In
above,figqres no allowance has been made for deprecia¬
154, p. 594.
to
stockholder
Brill
$5)
Earnings per
Quarter Ended March 31—•
Tons ore
.1
to help the management work out a recapitalization
Mr. Hardy replied that while suggestions from stockholders were
comed, it was the function of the management to prepare the
$2,049,668
income—
(par
143, p, 1865.
Beattie Gold Mines (Quebec),
Corporation
1942
;
"
•
,r
booked
the
Hall-Scott Motor Co.
working
A
dividend of 80 cents per share on the
participating class A stock, to clear up all accumu¬
on
the issue, payable July 1 to holders of record June 15.
A
distribution was declared on the common shares, payable on
the same dates.—'V.
income
plan undertaken for the
$1.60 cumulative
lations
of
holders, it was disclosed at the
1939
$2,672,222
162,958
—...—
154, p. 858.
(W« D.) Beath & Son, Ltd.—Pays Dividend Accumu¬
on Class A Stock—Resumes Common Dividend—
directors have
companies
appointed
lations
The
—
and estimated Federal Income taxes.—V.
March 3l—
1942
L
$8,117,660
212,061
operating
three
the
the Brill Corp. and Its underlying companies
of recapitalization for presentation to stock¬
annual meetings of the corporation and
the American Car & Foundry Motors Co. on May
1 by Charles J.
Hardy, President.
Taxation and other uncertainties are delaying intro¬
duction of the plan, he said, as well as.the complexity of the present
relationships between the companies and other affiliates.
Mr. Hardy said that the loan of about $6,000,000 owed by American
Car & Foundry Motors Co. to the American Car & Foundry Co. carried
interest rates averaging around 4%, with some of the notes bearing a
rate of 314 %.
This loan would be a big factor in any recapitalization
is
all charges including depletion, depreciation, cost of
1117.
Total
•
—
Other income
Ritchie has been
meeting of stockholders, C. Lothrop
fill a vacancy.
of
Reported Working on Plan of Recapitalization—
1941
$118,712
2,671
$234,683
$21,379
v
Orders
12 months'
905.
director to
income
The
1942
profit
leaseholds,
1942 and $100,000 in 1941 in the three months'
The backlog of
$144,458
6,938
Mar; 31—
End.
•After deducting
3 Mos. Ended
—'
--—
.
Months
Operating profit
1941
1942
•
$1,019,269
Quarter Ended Mar. 31—
'.Net
provision
Borg-Warner Corp. (& Subs.)—Earnings—
Barber Asphalt Corp.—Earnings—
•Loss
$60,000
$0.30
share..-.,—$0.58
income/-
abandoned
1503.
3 Months Ended March 31—
:
•Net
652,409
$1,005,016
Corp.—-New Director—Earnings—
annual
compared
.Gross
2,458,562
$377,029
(The 3. G. Brill Co., The a. c. f. Motors Co. -and
1941
1942
$116,000
31—
Bishop Oil Co.—Earnings-
p.
'
the
Net
$242,598
income.
Fixed charges
*•
Co.—Earnings—
charges iiicluding depreciation and estimated
for income and excess profits taxes.—V. 155, p. 1305.
$258,283
Non-oper.
Net
Brill
At
•After: aU
Three
Operating
Gross
of $250,000 and provision for Federal income
reserve
3 Mos. End. Mar.
357,380
$92,863
Taxes
■
dividends.
elected a
$3,420,146
2,809,233
$4,324,258
3,447,985
342,938
$227,286
_
•Includes $926,000 in
of $300,000 for estimated
(After all charges includ¬
reserve
profits taxes of $115,000.—V. 155, p. 1008.
Earnings per common
(Including Baltimore Coach Co.)
Ended March 31— 1942—Month—1941
1942—3 Mos.—1941
:
1,301,500
taxes
profit
period and $1,651,000 in 1942 and $132,000 in 1941 in the
period provision for Federal excess profits tax.—V. 154, p.
.
including
Birdsboro Steel Foundry & Machine
•Net
Baltimore Transit Co.—Earnings—
income
for
Net
-
-
—
(After preferred
taxes.
ing contingency
plant involved in this dispute is in
Period
—
deductions,
all
and excess
...
—
principal plant
company's
the
Operating
Operating
c
(Earnings per share
•After
•Prov.
Apr. 4/42
Mar. 29/41
—..$$13,402,865 *$8,104,083
—
467,676
490,707
of common stock—...
$1.36
$1.43
Months Ended—
(net)
cervices.
The
Net profit
May 6 declared an
the capital
This
compares
reducing the dividend at this
said, "-"directors- gave-" consideration
i
time," Henry P. Bristol, President,
to the uncertainity of the times,
Volume 155
the
to
-Number 4071
present and
creased
Quarter Ended March 31—
Net
profit
::Shs.
Earnings
plus
635.*
1939
$870,870
682,901
$1.13
$200,000
Of
provision
a
J
-
earnings
Corp.—Earnings—
"Net
^Operating expensesi—i
•
1942
$4,609,495
An
3,363,270
2,786,139
$1,871,378
;
$1,823,356
for
provision
interim
Brunswick-Balke-Coltender
report
of
months
1942
Dividend—
Co.—25-Cent
of
the
fiscal
domestic
Butter: Bros.'
>
Retail
sales
972,270
—
sales
uses
3,365,656
(A. M.)
The
payable
sents
declared
June
the
sum
together with
interest
accrued
May 1 a distribution of $1,9469 per share
which represented the dividend due Feb. 1,
•thereon at 5%.—V. 155, p. 1504;
'
*
;
'
"o
y
"•
'j
'
••
;
.
'
n
-
made
with
was
1940,
t }-u '
-Net
end
inclusive—88.2%
March
of
retired
amounted
of
1942
28,
since
to
corporation,
$4,327,121
value
of
the
with
of
124.6%
was
banks
amounted
the corporation's
corporations.
3 Mos.
to
at
in
fiscal
the
Total
Account for
End. Mar. 31-
"Net
31,
Co.,
income
income
Net
Dividends paid
:;._X
and
accrued on preferred
Consolidated
Assets—Capital
antee
for
Except
of
deposits,
deferred
$41,236;
$1,376,089;
Liabilities—6'/?/
cumulative
stock
common
investments,
Excess
$1,531,394;
assets
current
charges,
$5,900,000;
from
lincl. $75,161
$27,039,128.
total,
stocks
1941
1940
$100),
over
Dec.
$884,101;
net
years'
preferred
stock
$3,500,000;
$100),
(par
funded
Oper.
$60,794
$55,723
Power
years Ended Feb. 28—
Co.—Earnings-
"Of
1942
1941
$5,584,466
$5,321,109
3,308,895
$2,275,571
$2,332,385
238,634
•
net
$12,340
$16,504
450,661
$96,417
$1,073
Cr646
March
$4,589,603
$4,820,662
14,206
investments
(computed
on
basis of
sales during period of
on
operating revenues__-__—
Rent for lease of electric plant
_—__—
March
In
at
operating
Net
Other
income
income____—____.
$2,036,219
$2,038,766
640,342
1,145,211
16,739
17,026
charges
88,801
99,155
$2,095,911
—..
Total
v.
income
Gross
•
*
...
Income deductions
Net
.
income
___
_.
Note—Provision'
above
$7,150,659
of
.
Federal
periods was made
$930,055
—
income
and
$950,700
profits
excess
taxes
during such periods.—V. 1.55, p. 1672.
..
for
15-year 5%
Common
^
tlnion Insurance
See
.
"Chronicle''May'7,
and
accrued
expenses
46,782
stock
($1
6,731
1,872,000
1,875,000
565,192
567,892
4,635,196
1950
$7,150,659
"The
market
I
Canada Northern Power Corp. Ltd.—Earnings—
:
•
charges
1942—Month—1941
Period End. Mar. 3L—
.'Gross
earningSrv--»A—»?X $383,847
Operating expenses
i v,x
151,022
..
185,491
v.
$232,825
.
$227,661
?
debenture
'
.
;
559,626.
■
$714,586
$688,713
155r p.
/
1596.
Lv'y;.v-■
,?. A
;;'
' v.
r|n the first quarter
of this year.—V. 155, p. 595,.
Gold Mines,
Quarter Ended Mar. 31—
;
' >'
'
'
•
Ltd.—Earnings—
1942
,
r
milled:
Tons ore
production (gross)
$371,619
charges
^
—-4,310
•Operating
221,578
Admin.
general expense—Toronto office—__
8,270
JProvision.^for
32,000
______
;
Int.
'
and
and
3,744
189,563
$9,799,529
4,084,807
3,929,779
1,165,692
1,078,030
$96,646
14,678
803,500
927,900
650,627
297,100
1,48 2,000
1,401,000
the
Note—In
above
figures
no
allowance
has
been
made
for
$210,154
$2,297,949
56,193
689,766
655,595
$119,199
$153,960
$1,608,183
41,801
41,802
501,606
501,607
of
$2,290,120
pre-
expense
15,950
146,755
191,406
$96,209
$77,398
$959,822
$941,512
*
:
1942
'
:'
V.
155";
operating
revenue
1942—3 Mos.—1941
1942—-12
Mos.—194^
$4,215,612
$3,919,360
$16,496,641
$15,380,890
and
taxes
3,350,822
2,986,186
12,580,402
Pacific
Canadian
10 Days
$3,916,239
Total
Net
1942
.
D'Alton
C.
Coleman,
to
succeed
Chairman.
V/.
t;
.
;
'
Neal,
M.
Pacific
$5,588,000
Federal
' ';■ •
been
155,.p.
's
*
r•'
_
ments of
.
.
''
Vice-President
former
Ry.. 'has
company.—V.
<
"
..
director and Vice-President, has been elected
Edward Beatty who will continue to act as
a
Sir
elected
1751.
" :
of
Western
director 'and
a
r;„•'
Lines.
of
:
The
the
50
directors
class
B
cents
June
1
to
have
stock,
per
no
share
holders
of
declared
par
on
value,
the
record
a
cents
share
per
A
May 15.
convert'ble
stock
A distribution
of
both
25
denied
The
on
Dayable
cents
was
view
2,043,696
year's
31
3,567
"$1,338
"$697
$2,337
—
■
total; $325,228.
payable,
$35,000;
taxes,
for
reserve
$980;
reserve
dividends
capital stock (10 cents par), $10,000;' capital surplus;
$2,337; total, $325,228.—V. 155, p. '636. *'
taxes
"After
$163,868;
1942
charges
normal
1940
1941
t$214,886
1939
'
over
of
of
{$156,492
t
823,546
depreciation
facilities
war
$478,493.
{After
Assets—Land
:
'
&
buildings,
$1,720,113;
machinery
&
equipment,
patents, $111,603; U. S. treasury bonds, $100,000; other
investments, $14,525; inventories, $2,836,386; cash, $287,142; accounts
receivable,
$1,612,320;
deferred
accounts
receivable
patent license,
deferred
assets,
Liabilities—Capital
$56,330;
stock,
total,
$8,305,064.
$3,500,000;
common,
•
stock,
capital
pre¬
ferred,
$500,000; ..accounts payable, $349,441; deferred accounts paya¬
(patents), $87,500; accrued wages, $108,059; reserve for taxes, etc.,
$1,328,915; reserve for plant amortization, $95,000; surplus, $2,336,-
148;
total,
$8,305,064.—V.
dividend
This
$427,316
$1,986,013
155,
1941.
and
warnings
Anril
27
order
a
Exchange Commission, translating into action its
there
would
be
no
slackening of
"death-
that
proceedings
against
motion
was
holding
companies
by the company
handed
down
because of the war,
that its case be suspended.
just five days after Central filed a
motion
of
suggesting that such proceedings were hardlv a necessary part
prosecuting the war and might be dispensed with until peace was
restored.
The
order
presumably will
serve
as
a
precedent for the SEC
cents
$5,
with
compares
693.
p.
The
share
per
payable
May
initial
an
Chesapeake &
in. Phones—
$2,139,134
of
20
par
made or this. Issue .on Feb.
has
15
been
declared
holders
to
distribution
of
of
30
cents
Potomac Telephone Co.
-
company had a net gain of 3,143 stations
11.967
of
per
;
new
May
5.
share
(Bait.)—Gain
.
during April, compared
3,877 in April, 1941, and 2,786 in April, 1940.
the first four months of the year the company
period
the
on
record
16, last. See also V. 155, p. 693,
For
stations,
compared
1940.—V.
155,
p.
with
13,330
in
1941
had
and
a
8,831
net gain
in like
1504.
Chicago & North Western Ry.—Commutation Rates—
pending
Act
of
stock,
common
court on April 29 ruled the Interstate Com¬
authority to fix rail rates within a State in
injunction restraining officials of the State of
interfering with the Chicago & North Western Ry.'s
A, three-judge Federal
excess
the Revenue
SEC
,
■
.
.
"$205,06$
—!.
charge of $47,535, reserve for amortiza¬
of
$20,000,
and estimated Federal taxes of
deducting
depreciation of $48,145 and estimated
Federal taxes of $185,000.
{After deducting $46,050 depreciation and
$34,352 Federal taxes.
tion
of
Federal tax legislation, provisions for
profits taxes, since Jan. 1, 1942, have been
the provisions computed in accordance with the
require¬
Securities
sentence
and the regular quarterly dividend of
rlass
25
March
—
3,567
current surplus,
merce
Commission
issuing
Illinois
a
The
road
to
schedule.
fare
company
March
on
had
permanent
from
suburban
:.
The
The
of
1,928,579
SEC Refuses to Halt "Death Sentence" Case—
: y-
dividend
505,045
Earnings figures published in 1941, prior to enactment of the Revenue
of
1941, have been adjusted to give effect to the increased tax
rates of that Act, for
purposes of comparison.
the
Carman & Co., Inc.—25-Cent Class B Dividend—
' $2,229
5
3,567.
on preferred stock, $14,267; preferred capital
(2,195 no par shares at stated value of $45 per share), $98,775;
stock
$4,182,830
Act
Canadian
Vice-President
0rl,646
$3,914,593
other
income and
frequent
.
&
income
.increased
Fresident
Dr813
$932,361
(net)
interest
Note—In
1941
"Traffic earnings -—$6,837,000
New President— ;. -
£>r345
$407,991
income
$4,172,765
10,065
$864,443
Ry.—Earnings—
End. Apr. 30—
one
with
$7,913,000
$2,875
tax
preferred stock.
Liabilities—Notes
11,208,124
$933,175
_—
1941
$9,081,000
3,024
Assets—Cash, $7,441; investments at cost (quoted market value, un¬
$155,803; quoted market value, pledged, $61,937), $317,645;
A
Co.—Earnings-
operating expenses
1751.
p.
"$796
2,766
1405.
456,452
*"
$109
3,774
ble
Period End. Mar. 31—
Total
Total
Other
Gross revenues—
1940
$2,130
—
pledged,
$35,000;
Central Illinois Public Service
de¬
National Ry.--Earnings—
9 Days End. Apr; 30—
•,
$2,490
•....
,
X
1941
—_
interest prepaid, $142;
$1,634,525
stock__
preciation.;—V. 155, p. 635.
v Canadian
$3,024
31
1942
Balance Sheet, March 31, 1942
$864,789
,
.
Chesapeake Corp. of Virginia—20-Cent Dividend—
20,900
Operating profit' for, period-$105,460
.Capital. expenditures j
3,547
895
Balance Sheet, March 31, 1942
10,255
—.
March
'
193$
$3,385
991
X
943
$2,766
~ ;
Surplus,
income
\
59,251
_______
pref.
p.
;
$3,774
^
1940
$4,015
$3,710
881
surp.
Federal
on
Balance
and
$178,451
stock
155,
1941: :
$4,655
1
Jan.
Additional
1942—12 Mos.—1941
1 22,000
128,000
Balance
-V.
,
$1,531,646;
income
on
re¬
Chapman Valve Mfg. Co.—Earnings—
79,900
-
»
deductions.^
feired
70,204
„
curr.
Net profit after
49,900
-84,100
-
_______
Amortization
$321,109
—
Marketing
to
net
common
was
98,345
:
99,400
,
income
Gross
$41,174;
expense,
Corp.—Earnings—
1942
income-——*
Dividend
1118.
372,941
" 103,840
•
profits
deprec.
amortization
Divs.
1941
85,323
Metal
income
excess
for
-Net
Malartic
Canadian
p.
securities owned
$4,326,860.
{Deferred
in 1941 unamortized
$933,240 $10,608,975
371,073
'
.
of
was
$97,355
155,
$964,863
expenses..,.
Federal
Prov.
'in stock
result of. the general decline
1942,
1941,
and
1942—Month—1941
revenue
Federal
.
prices during the first
quarter of this year, the net asset value of company's shares was 6.3%
dower on Mar.1; 31.
1942,. than at the. end of 1941.
There was an
-increase of 26,356 in the number of outstanding shares of the company
..As a
31,
31,
1942
expense.—V.
Prov. for taxes—(Gen'l)
*
;'.:X_-v• yv
and
in
$7,084,343
Central Illinois Lights Co.—Earnings-
Gross
Canadian Investment Fund, Ltd*--Asset Value—
;
March
March
$86,366
discount
Operating
Note—Operating expenses do pot include income and excess profit
taxes.—V.
of
as
of
as
Period End. Mar. 31—
——■—
1
Investment
Quarter End. Mar. 31—
$1,248,339
$1,163,643
449,057
x',-v \.v»"
Net earnings
value
and
including
1942—3 Mos.—1941
$413,152
^
stock
$17,528,752.
Total
{
4,575,397
par)
—_____
$3,840,837
total,
$5,904
Balance,
45,261
3,723
1,
Total
page 1774.
Store
$14,063
taxes
debentures, due Nov.
Surplus
Cor—Registers With SEC—
capital
debt,
—__
Current
for
Caiifornia
227,136
1941
"Deficit.
payable
Provision
for
in accordance with the revenue acts effective
$586,530;
cost, $295;
at
Current
$7,084,343
$27,765
payable
Accounts
81,
•
Net inc.
Liabilities-
Dividends
Dec.
$6,327,820
receivable
2,160
1,108,711
(net)_____—
charges,
securities
3 Months Ended March 31—
1941
{Deferred
$2,093,751
2,547
__
deferred
v
459,015
;
4,172
227,136
Sheet
31
1942
$6,586,104
cost
average
bank
259,789
$349,525
-
$4,820,371
Dividends
:{
dividends
Expenses
.
.
4,612
$252,532
1
'
Sheet,
$630,116
1,
10,367
income
Dividends
cost).
{After adding
{Exclusive of security profits
„
"Investment
Cash
$4,805,600
15,062
?
average
$35.
1,852,377
1,006
1504.
$4,835,434
""Profit.
Comparative Balance
$2,482,493
9,182,653
15,062
$4,575,397
1940
$2,685,186
2,141,957
$7,000,000; current and accrued liabilities,
$1,026,611;
matured
bonds,
int.
and
dividends
unclaimed—contra,
$3,812; reserves, $2,367,115; $6 preferred stock (37,860 shares, no par),
$3,542,860; common stock (50,000 shares no par), $2,500,000; capital
surplus, $47,882; earned surplus, $1,040,472; total, $17,528,752.—V. 155,
Cr301
9,631,369
28,260
Assets—
Net
and
p.
$4,635,196
tJ.-av
•
1941
'
acquired
Cr656,755
31
Years
Assets—Fixed capital, $15,508,922; current assets (incl. $91,606 cash),
$792,956;
cash
deposited
with trustees
and
fiscal
agents—contra,
$3,812; special deposits, $2,311; other assets, $592,753; prepayments
Dr54,887
__
Calendar
income
Liabilities—Funded
9,685,369
for
"
$543,229
Balance
14,453,104
$4,663,455
profit
of
21,241
Net
$435,319
14,453,104
31
Operations
taxes__________.
$15,342
17,578
14,425,630
inc.
Dec.
of
Interest
prior
declared
and losses.
amount
$634,728
42,991
retired
net
2,988,723
239,352
■.„,<•—
Total operating expenses and taxes__,
like
a
$544,235
260,384
$58,333
43,232
14,365,747
31
Balance
Dividends
retire
Other deductions
loss
for
bal.
Balance
Operating revenues
and
Chain
052,500; current and accrued liabilities, $1,188,053; reserves, $4,424,251;
surplus, $100,000; earned surplus, $274,324; total, $27,039,128.
150, p. 3814.
to
Amortization of debt discount and expense.20,952
9,836
.
$59,736
$11,-
debt,
used
revenues
Gross
$48,496
4,014 X"
48,947
taxes
def.
be
Net operating income
Non-operating income (net)
par val. paid
prov,
will
Co., New York, N. Y.—V, 147, p. 4069,
Experts
110,385,487
shrs.
com.
$5,550,000
•'
1939
-
108,758
sales
Excess
capital
Oregon
proceeds,
81
$61,287
—V.
California
the
Summary
of
"f$2S,441
bal.
{Undistributed
redeemable
(par
cash),
for
guar¬
the
Central Vermont Public Service Corp.—Annual
Report
operating loss for
surp.
on
three preferred
common
$26,441
"Accumulated
354,000
on
interest due May 1 on 5% collateral trust
bonds, extended to
1, 1942, is being paid but the principal due
May 1, 1942, is not
being paid.
Interest is payable at office of Central Hanover Bank and
$3,840,837
was
Quarter' Ended March
sales_
period
Cap.
$368,667
stock—_
JBaiance Sheet, -Dec. 31, 1941
$23,206,309;
assets,
Net
1,407,620
———
for
income
$1,776,286
—.——
I—,
paid
was
arrearages of $24 Per share-—V. 155,
Central Railroad & Banking Co. of
Georgia—Interest—•
"
Total
per share on
holders of record
to
amount
Milwaukee.
Trust
$67,033
40,652
income
on
15
like
The
year.—
at
1942,
consisted
$67,093
loss
A
outstanding debentures, and the balance will be used for extensions, etc.
—V. 155, p. 1751.
Total
$459,015.
1942
expense
Net
63,798
Deductions
in
Preferred
$1,712,488.
income
dividend of $1.50
a
payable June
accumulations.
the
market quota¬
31, 1942.
Total net assets
$4,683,916.
Net asset value
$4.19, compared with $4.82
493
Total
Com¬
maturities,
Of
of
end
March
investments
Dividends
%
the
principal amount of $2,425,000, comprising the first 12
are to be purchased by First National
Bank, Chicago, and
principal amount of
$3,475,000, comprising the last eight
maturities, are to be purchased by Northwestern Mutual Life Insurance
larger
was
securities
March
on
investments
stocks
'f"
before
now
'
,
..
May
assets
in
are
.■
and Light Co.—Sale of Notes
Approved
April 30 approved the application of the
company regarding the issue and sale of
$5,900,000 unsecured notes,
2V2%, 2%% and 3%, due serially Aug.
1, 1942-April 1, 1952, in semi-annual maturities
varying
from $150,000 to
$550,000 in amount.
'
•
1941
—"
-
the
stock,
of
ThiS WlU leaVe
The SEC
March
Interest
Income. Account Tear Ended Dec. 31,
earnings
-
Other
net
cash
and
.Gross earnings —______—
—$2,640,015
.Operating, expenses (Including legal fees $7,562)————
927,527
:
at
the
68
interest
v< '-r
been
which
;; Central Power
fol¬
the
*.
1673.-
Market
Calgary • Power - Co., Ltd. (& Subs.) —Earnings—
.
have
account
on
Notes
orders
working capital at Feb.
Income
,"l'\
to
corporation on Dec. 31, 1941, were
share at the end of March, .1942, was
per share at the end of 1941.
this
on
affnrds
corporation
per
at-5%.
thereon
On
,
tions,
7%
issue,
Total
of
dividend
a
the
on
of
Carriers & General Corp.—Quarterly Report—
of $1.9323 per share on
cumulative preferred stock,
1 to holders of record May 16.
This payment repre¬
of accumulated and unpaid dividends due May 1, 1940,
accumulations
of
net
20,
Report—
"
V. 155, p.
Byers Co.—Preferred Dividend—
directors; have
preferred
May
backlog
debentures
of
2,779,898
155, p. 1596.
account
dir®ct<?r® on May 5 declared
and
1942
$5,035,632. Cur¬
rent assets were
2.44
times
current
liabilities.
A
year earlier
net
working capital stood at $3,847,484. Inventories have increased $794,389 since Oct. 31, 1941 due largely to the increased volume of busi¬
ness.
Bank borrowings reached $900,000
in February 1942. $86,000
:
;
of unfilled
of
.
155, p. 914.
overseas.
$7,382,993 $37,037,032 $27,516,197
$10,009,945
;._X
war
the
Carrier's
1942—4 Mos.—1941
834,833
in
$986,321
pl673
activities
period.
$6,548,160 $33,671,376 $24,736,299
$9,037,675
—
Combined
•~-V.
VX 1942—Month—1941
sales
Including
profits taxes.—V.
at March 31, 1941.
Orders booked during the first
five months of the fiscal year totalled $10,920,977, or more than IV2
times
the
volume of
corresponding months in the preceding fiscal
Wholly Owned Retail Subs.)—Sales
Period End. Apr. 30—
Wholesale
taxes,
excess
year—November
for
than
.
•'
$0.38
was
war
business, the trend being steadily
of the company's export business for the period
%
.
$137,073
$1.27
orders
over
two
>■••
.
To Pay Accumulated
Dividend—
1939
$456,084
$1.70
the
and
was
.
dividend of 25 cents per share ' on the
common
stock, payable June 15 to holders of record June 1. A like
amount was distributed on March 16, last, while during 1941 the fol¬
lowing payments were made; March 15, June 16 and Sept. 15, 50
-cents each, and
op. Dec. 15, $1 —V. 155, p. 595.
a
.
1940
the
was
resolving similar motions,
mission.'
Central Illinois waived Its
right to file briefs and present oral argu¬
ments in support of its
motion, which made the speedy delivery of
the order possible.>
-»
$614,281
all
on
-1829
in
1,
second largest month In the history of
Carrier Corp. with respect to orders booked.
98.5%
of the domestic
business written during the month was war orders.
For the first five
Backlog
declared
5:
1941
•
March
March
on
payment of 75 cents
a
$1.74
in 1941 for Federal
Carrier's
The directors have
and
last,
$626,777
upward,
,
2,
1941,
lowing:
913,829
-
$627,873
.
Dec. 1,
693.
p.
Carrier Corp.—Interim'
$611,078
1,127,218
; * Net earnings
—V. 155, p. 1504.
"After
•
March
on
on
155,
share—_
per
$320,414
155,
:
$5,234,646
stock
B
1941, while
profit
Earnings
1942—3 Mos.—1941
$1,524,907
$1,755,091
class
made.—V.
was
Quarter End. Mar. 31—
X'^xlXv''X'XXOjXXXXxX
1942—Month—1941
the
on
and Sept. 2,
share
Carpenter Steel Co.—Earnings—
v
$1.27
contingencies.—V.
against
' X'
Columbia Power
-Period Ended March 31—
Gross
$1.29
-X;'
XXX'",;'t'*
British
;
'1
1940
$773,031
681,973
1941
charges, including Federal income taxes. tAlso after excess
tAfter provision of $1,035,920 for income and excess profits
profits tax.
p.
June 2
per
vv
X {$861,491
667,253
667,251
$1.03
share_^«i
per
"After all
•' X
.
1942
^$688,113
stock (par $5)
com.
taxes,
/
/
made
also
shortages of materials, and to the in¬
to meet present and future tax
impending
necessity of conserving cash
requirements."
,
THE COMMERCIAL & FINANCIAL CHRONICLE
.
8
retain
issue
•
increased
and
the
the
four
Illinois
lower
rates
classes
of
commission
in
face
of
commutation
objected
ICC
and
approval.
fares
10%
ordered
the
X
settled
finally bv Circuit Judge Sherman Minton
and District Judges William H. Holly and Philip L. Sullivan.—V. 155,
p. 1751. X
~ • • X--:,'j:X',
was
Childs Co.—To List
The New York Stock
Debentures—Exchange Offer—
•
Exchange has authorized the listing of $4,943,15-year 5%
debentures, due April 1, 1957, on offic'al notice of
issuance
pursuant to an offer to be made by the corporation to
000
THE COMMERCIAL &
1830
equal principal amount of outstanding
exchange the debentures lor an
gold debentures, due April 1, 1943.
issuance of not
to exceed $4,943,000
15-year
15-year 5%
The
has
authorized
been
of
•
a
April 1, 1943, through the
which will be limited to
registration statement with the Securities
and Exchange Commission covering a proposed issue of $4,943,000, 15year 5%
debentures.
Company proposes to make an offer, limited
to expire 90 days from the date thereof, to exchange not to exceed
$4,943,000 of the new dejjentures for an equal amount of outstanding
15-year 5% gold debentures due April 1, 1943.
The indenture of the new issue
will provide that so long as the
filed
has
company
a
principal amount of debentures outstanding is in excess
no
dividends shall be declared or paid.—V. 155, p. 821.
"
Mar.
V^ ./.Consolidated Income Account, Years Ended Jan. 31
* •» 7 ^ V.'f
'* •
/• v; /.'•••S;sales,
Net
employees —
______
Investments in and accounts with domestic subsidiaries not wholly owned
—
;
/ 139,245
:—-J—
;'y1
2,094,033
of $2,500,000
Other
2,448,531
Goodwill
——
—_
'
<
^
Total
239,333,259 255,302,292
——
———_
the year ended Dec. 31, 1941,
full year, including operations
from Jan. 1 to Feb. 19, 1941, inclusive.
The first report of the company for
shows the result of operations for the
,
by the trustees
Statement
Income
Condensed
'
•
■/:'
'
•
.
'
operating
(
Total
'41 Dec. 31, '41
$2,679,911 $18,827,022 $21,506,933
1,879,735* 12,210,791 14,090,526
Railway operating revenues-—
Railway
1
Feb. 20 to
Jan. 1 to
Feb. 19,
V:
Railway ;
Period
Trustees
v:'-'-';?.-v--.Period
V'i
expenses———
Accrued insurance
Advances
$800,176
196,677
$6,616,231
estimated
taxes
$4,762,222
$5,365,720
183,363
1,289,410
1,472,773
121,035
_
Equipment rents, net debitJoint facility rents, net debit.
853,235
974,269
'
Total
37,264
162,017
$157,053
$1,838,105
Other deductions
Net income
Sheet,
Condensed General Balance
Dec.
111,635
Assets—
•'.
.
in road, equipment, etc-
Total investments
Cash
:
——
cash investments
Temporary
Special deposits
1940
accounts
Miscellaneous
268,266
852,696
2,612
634,733
supplies——.
Interest and dividends receivable
and
Material
receivable
Rents
Other, current
—-
assets
;
—
f-V:':/y../
\
17,291
14,947
321,487
75,129,439 148,183,665
;,
stock
.Common
———
—
stock
Preferred
———.—__—l—
—
16,030,971
17,030,020
for conversion,
Grants in nid of construction
liability
Long-term
bills
_•
Traffic and
23,368^677
accounts
Audited
39,849,640
1,093,885
204~678
and
balances, Cr—
wages
27,423
unpaid
;
Dividends matured unpaid
Unmatured interestaccrued
-
liabilities
credits
Unadjusted
Total corporate
810
824,329
167,559
131,414
1,145,238
_r„___
_
—
2,631
11,225
373,759
———.
surplus———..
'—-—,——
8,167,548
2,842,428
•Deficit.—V.
income,:
Other
Net
6,631,057
income
Income Account
such
.
to 75%. excess profits tax.
(Company only) for Quarter Ended March 31
♦Deficit.
to
'•
i
.
/
-
Consolidated
-
Income
Account
.
Gross
income
Total
advertising,
{Taxes
Net
Earns,
and
27,477,838
14.466,611
6,600,000
14.645,569
4,750,000
12,439,548
3,400,000
4.899,233
4,351.132
$1.13
share
9.561.982
15,742,388
11,638,290
6,526,698
5,438,915
4,351,132
$2.20
$3.62
$2.67
costs under cost-plus
State and foreign income
tlncluding
{Provision for Federal,
have been charged to cost, of
1942; $8,994,347 in
1941; $10,002,838 in 1940 and $7,514,787 in 1939.
and
amortization
amounts of $2,760,533 in
income
Net
,1941
•
income,
V
{986,000
120,051
48,314
$388,390
22,452
$505,192
$548,194
$243,79-1
■
33,154
32,699
31,890
178,212
178,212
118,808
$293,826
$396,687
$211,901
237,616
237,616
-237,616
$1.98
$2.17
$0.88
.
$187,726
237,616
par)-—'
r# $1.56
share
additional
r
"n
'
1942
$3,537,627
Cash
Notes
accounts receivable
and
in and advances to •
(100% owned)
—
Investment
1
Total
1
—^
.;;'
Blanche
,
Loeb
———:
and subsidiary
Corp.)
_____
Lowenstein & Bros.,
nance
„
5%
cumulative preferred stock
{Common stock
/ 'Capital, surplus
Co.,
——
(Home
.
stock (cost) —
_______—_____
Inc.,
408.194
and
subsidiary
(Homecraft
Fi- -T,
12,222 common shares.—V. 155, p.822.
y
,
-'
./The Central Hanover
/City, will until 12
sale to
dated
1,
,
/
.
St.
^
Louis Ry.-^-
v
^N. Y;
bids.for the
Division first collateral trust mortgage bonds
1890,
an amount sufficient to absorb $49,872.10, at
105 and interest—V. 154, p. 1189,
to
Cleveland Railway; Co.—To
^
&
Bank'& Trust Co., trustee. 70 Broadway.
it of St. Louis
Nov.
-
Chicago
o'clock noon, E.W.T., on May 15 receive
"•"prices not exceeding
140475 ■
Corp. of Louisville)
''608,180
3,313,263
2,132,006
$Br292,324 1iDr217,625
$19,402,535 $12,900,399
Tenders—
262,329
2,123,019
/
1,927,900
—T__!"
4,996,760
$5,176,312
Cleveland,' Cincinnati,
\
Inc.
t
417,115.
/
)
v
$1,168,168
"161,990
for
reserve,
and
preferred shares and
j
645,752
:
' v
—__--v
—
;
^
■
'23,132
-
depreciation and amortization of $5,953,217 in
in 1941.
tlncludes $200,000 payable in 1942.
{Represented by 249,838 no par shares.
HRepresented by 319 pre¬
ferred shares
and 12.222 common shares.
^Represented by 1,066
$2,193/144
' .
'
i ■
Finance.
1,902,700
4,996,760
($100 par)-—-
surplus
♦After
1942
Jan. 31, 1942
.
3,248
4,190,733
33,901
—_—
——_
—
.
_
.
47,889
^
$19,402,635 $12,900,399
($100 par)™—
affords
dividends.
separate group
' <•; •• • •
subsidiary oompaniesi._^^^^_i_^.ii.^i.::
Co.
and subsidiary (Maison Blanche
Realty Co.) ——
Loveman, Joseph &
B.
'-
.
,
cumulative preferred stock
of Federal and State taxes
company's
Sales and Earnings, Fiscal Year Ended
Maison
.3,024
'
- « • •
Current accounts payable and payrolls
$2,074,047
Taxes, etc., accrued———_——301,950
.Res. for Federal inc. and excess profits taxes
4,683,025
Serial notes payable to bank—_1/
t.2,000,000
Treasury
Earnings for the past fiscal year on that basis for each
.
5,891,074
4 *
Liabilities—
$1,151,535
interest proportion, and interest on
but after elimination of. inter-company
•
44,482
——
Prepaid insurance-and/taxes!——»
;
44,709
47,272
„
Sundry investments and claims (net)
*Land, buildings, machinery, etc.——
v
3,636,332 '
6,508,523 :
policies——
Buchanan lid,
Cash surrender value life insurance
•
•
;
i 1,579,598
(net)^_;-—
/ Inventories.
£ ';:"63vopo
822.
1941
$3,374,757
3,336,633
Assets—-
.
;^i)f41',026
-V. 155, p;
'
-
reserve for Federal income and excess profits
rites proposed by, Treasury Department for 1942. '; tlnclud¬
ing excess profits tax. *
<1 ,
'
b "
Consolidated Balance Sheet, March 31:
;•,
2,132,343
for the fiscal year ended Jan. 31, 1942,
:' of store subsidiary companies follow: /
and
4,788
,126,181
129,654.
taxes on
yr 130,710
.
(no
per
♦Includes
$3,518,614
$2,505,001
2,025,496
124,729
41,500
603,750
:
112,000
♦$402,474
for 1942.
figures are before deduction
Lit Brothers
19,043
105
159,381
Total
etc.,
159,236
41,157
101
123,866
'
Earnings
592,366
minority
debt,
'287,438
53,411
,
dividends
standing
.
—482,869
——
{Computed at rate of 40%
These
year.
funded
9,518
$601,403
Shares of common out-
earnings of store subsidiary companies for the past fiscal year
amounted to $3,658,194, compared with $2,415,142 for the
preceding
on
11,821
$1,053,430
214,269
*2,855,000
tax
profit
Common
following:
Vote Dissolution—
special stockholders' meeting has been called for May 29. at
which shareholders will vote on a recommendation of the board for
y Total
——
_______$3,658,194From these earnings there must be deducted the sum of
$447,684,; .(dissolution of the company. :/t■ y:
Assets of the company : have , been sold to the City, of Cleveland. '
-representing proportion of such earnings applicable to preferred-and
Stockholders are to receive $45 a share when dissolution is completed.*
common stocks of subsidiaries not owned
by City -Stores Co..; $268,229
r-Certain technicalities involved in**the transfer of the- railway from
representing interest on funded debt of company and .sundry items
private ownership may delay full payment, but officials expressed .the
(net)
relating to its operations and those, of City Stores Mercantile
hope that the entire $45 could be paid without delay after the; dissoluCo. for the year, and Federal and State taxes-of $1,534,105 on income,
Vtion had been authorized.—V. 155, p.; 1674: :
after which ded»ctions there remain a net profit.of $1,408,175 applic¬
A
able
to
City
Stores
Co.,
compared
with
$1,139,962
for
the
pre¬
year.
:
of the fiscal year were
$800.000 ,was borrowed
by a subsidiary company on a mortgage covering the new warehouse
property, owned by Buttonwood Warehouse Co.^ a-wholly-owned sub¬
sidiary of Lit Brothers, which loan bears interest at 3%%. per annum
and is repayable in quarterly instalments over a period of
12 years.
Maison Blanche Realty Co. increased its mortgage debt by $75,000 in
connection with the acquisition of additional property in New Orleans
the year.
Long-term
notes representing funds borrowed
at our department store
of major improvements
reduced
by $317,000 during the year.
Climax Molybdenum
•■t
Co.—Earnings—
5
/,
*• . 1941
•
1940 vr
'1939
t$2,048.892^ $1,844,925 $1,718,715 $1,257,524
Earnings per shareJ:-!- .v-U'.y • $0.81
V;*: ' $0.73
$0.68 .«■ <• $0.49
* After
depletion, ..depreciation, -Federal incomei'.pnd excess profits
taxes.
tAfter special reserve of $1,500,000 to provide for increase in
Quarter Ended
♦Net
March 31—-1942;
profit————
-
Federal
....
to finance installation
subsidiaries have been
.
....
Mortgage debts outstanding at the beginning
reduced by $304,000.
During the year, however,
during
profits taxes.
Note—Deprec'ation
rales and expenses in the
depreciation—
Preferred dividends
•
Net
ceding
subsidiaries consolidated
contracts.
excess
35,137,957
3,250,000
paid
♦Foreign
fixed fee
268,794
30,628,593
sell.,
etc
profit
per
329,189
7,378,882
—
——
Dividends
34,808,768
58,380
15,528,114
—
engin'g,
Admin.,
30,570,213
114,522
misc.
—
income
27,209,045
15,413,592
profit
and
divs.
Int.,
.
—_——
emergency
Co.
$4,110,980
debentures and guaranteed bonds-
Kaufman-Straus
{Including All Wholly Owned United States Subsidiaries] Quarter End. Mar. 31—
1942
1941
*1940 V
*1939
$
$
$
$
*•
Net
sales
136,299,759 252,768,166 233,640,323 182,560,725
{Cost of sales———— 120,886,166 222,197,953 198,831,555 155,351,680
'
.
,
-
—
annual report
The
the
.
satisfactory terms. Every one of
corporation depository banks responded favorably to our invitations
participate in this credit arrangement.
../;
exps..
allowed—
amort,
of def.
facilities—
Spec,
Federal
Earned
with all
of the
upon very
$4,085,593
' 436,429
" 97,440
10,152
174,316
—
selling
paid
for
Prov.
City Stores Co.—Annual Report—
.
88
Interest
..
,
$2,987,870
income
income
Net
:
during the next five years
Total income
$591,885
$1,041,609
$1,991,523
36,617
7%
'Vy
J:.y yW/fy-y ;T:
Practically our entire personnel now are wholly on war work.
While the corporation
is arranging to avail itself to the fullest
extent of the cash advances from the Government, nevertheless the
.volume of war work we are undertaking is so enormous in comparison
with our peacetime business that there are readily foreseeable circum¬
stances under which the combined Government advances and corpora¬
tion working capital would be inadequate to meet our cash
require¬
ments.
In
anticipation of such eventualities,
the corporation has
arranged with its regular depository banks to have a call upon a
loan of any part of $100,000,000 at any time and from time to time
corporation.
$3,231,603
$3,888,253
:
—
Federal income taxes on the basis
{Provision for Federal income tax..—•
24 war production projects are going forward
attainable
with the resources and organization
income—
1939
1940
$1,967,466
24,057
$4,048,976
Cash discount
969,887
516,928
and expense
Federal and State taxes on debent. int. coupons
Provision for contingencies—.:
i
12, 1941.
said in part:
present,
speed
profit from oper.
Admin/ &
■
Tool Corp.)
1941
1942
Mar. 31—
Miscellaneous
$9,950,531
quarter of
products.
At
the
$10,943,953
Amortization of debenture discount
1942 witnessed the end of production of auto¬
mobiles, and the corporation's productive efforts are now directed to
the
supply of war, materials.
War-time censorship restrictions, as
well as good sense, prohibits the disclosure of the corporation's many
activities related to the engineering, manufacturing and assembly of
first
taxes)
Balance
1
14, Sept. 13 and Dec.
14, June
(Including Clark-Celfor
r
End.
3,762,974
1942
President K. T. Keller, May 1,
The
7,688,887
—
Interest on
Mar.
—
normal: and surtax and 50%
declared a dividend of $1 per share on the
common stock, payable June 13 to holders of record May 15.
A similar
distribution
was
made on March 14, last, as against $1.50 each on
I,
/
Gross
45,864,434
7,465,290
taxes—
etc
—
—_—.—_——
expenses
May
J
Mos.
3
: 1941..
49,810,582
7,684,932
♦Provision has been made for 1942
Total
on
.
y
:
Dividend on r Common . Stock—
Credit Arrangement With Banks—Quarterly Statement
directors
.
.
Eauipment Co.—Earnings—
Clark
$11,460,881 $10,920,418
Interest charges and amortization of discount-3,644,133
3,852,941
Preferred dividends paid and accrued.
1,365,666 ;/ 1,368,513
Earnings applicable to minority interests
—
566,347
370,631
Cities Service Co., int. chgs. on funded debt and ^ 'i-v-.*; v•*
and amortization of discount
1,996,482
2,096,730
gross
The
1375.
V, 154, p.
income
Gross
•3,477,055
Corp.—$1
surplus,
Surplus
Total
Chrysler
1942.
..
1751.
155, p.
contingencies, etc., $681,595; deferred income, $119,001;
$5,895,454; common stock (par $5), $6,047,707: capi$1,271,723; earned surplus, $5,027,782; total, $42,486,904.
trading stamps,
minority interest,
:tal
$76,128,353 $67,043,230
operating income (after all
Net
75,129,439 148,183,665
,
1
-
operating revenue
of 40%
Total
1 '
payable, $861,646; first mortgage instalments due
$403,841; accounts payable, $4,034,955; accrued accounts. $2,484,149;
deferred liabilities, $1,435,994; first mortgages, $8,783,159;
funded debt, City Stores Co., $5,439,900; reserves for redemption of
of
10,217,282
;
_
'
>
891
liability ——_
current liabilities
Deferred
l
1,526,026
rents accrued™
Accrued tax
Other
2,556
1—i
j
31,045
..
$71,831; accounts re-
marketable securities,
1942,
in
14,653
398,259
Interest matured
Unmatured
750,784
967,244
payable——
Miscellaneous accounts payable
Sheet, Jan; 81, 1942
•Liabilities—Notes
,
Operating expenses, maintenance and
Depletion and depreciation, dry holes,
♦Provision for Federal income tax
418,824
payable
service
car
that tax.
for the years subject to
Consolidated Balance
(net), $10,143,428; notes and accounts receiv¬
able from vendors and tenants (net), $132,258; merchandise inventories
(net),
$6,902,554; cash with depositaries under indentures securing
funded debt,
$17,973; investments and other assets, $448,859; land,
buildings, equipment and improvements (net), $20,911,876; goodwill, $1;
deferred charges, $564,301; total, $42,486,904.
for a hearing.
Quarter Ended March 31—
Gross
400,251
:
>ceivable from customers
Will Pay $1,000,000 in^jCash for Propertiesmore than $1,000,000 in"cask to Cities Service Co. is
provided in an agreement reached between^ that company and the
Mexican Government in settlement
of claims against Mexico arising
out of expropriation of Cities Service Oil Co. properties in 1938.
Under the settlement, made separately from other oil company claims
against the Mexican Government, Cities Service will retain four oil
properties and their subsoil rights.
These had not been developed at
the time of expropriation, and therefore were not included in the deal.
Properties involved in the settlement had been valued at $4,000,000
to $5,000,000 by Cities Service executives, this valuation including sub¬
soil rights.
The Cities Service agreement was similar to that con¬
cluded in May,
1940, by Consolidated Oil Corp. for payment of its
properties seized at the same time by the Mexican Government.
Comparative Consolidated Income Account -
46,073,500
1,275,180
preferred
debt
and
Loans
45,203,400
1,600,979
Stock liability for conversion, commons——
Stock
21,412
__
Liabilities—
;
,..1,037
1,500
:
25,933
24,522
paid in advance
Other'unadjusted debits
Total
1,500
23,944
-
1,210,974
Total, deferred assets
Rents and insurance premiums
,r';
;
——
—
provision for Federal and State taxes on
income
net
their
.
330~5oi
receivable———_—
289,058
—'
for period--™-
above
Mexico
Payment
266
326,253
~
i
$1,408,175 " $1,139,962
$859,300
income for the
ended Jan. 31, 1942, includes $391,500 for estimated Federal
excess
profits taxes on income of two subsidiary companies; no provision is required for excess profits taxes on income of City Stores Co.
and other subsidiaries for that year or on income of all companies for
the preceding year, as exemptions available to such companies exceed
Commission has instituted proceedings
—,
347,820
—
r*The
July
last
ceedings and set May 26
613~257
conductors
receiv. from agents and
balance
Net
$ •:.
$
68,223,833 144.279,805
1,679,365
2,897,696
700,000
receivable
bills
and
Loans
'
instituted proceedings regarding certain
relationships between Cities Service Co. and Empire Gas & Fuel Co.
In response to this order a proposed plan of recapitalization of Empire
was filed by the companies, which matter
is still pending. The Com¬
mission in its latest order consolidated the hearings in the two pro¬
31
550,148
"
Co.
Commission
The
$1,207,120
345,082
.
311,002
,:
fiscal year
companies named in the order are Empire Gas & Fuel Co., Cities Service
Co., Cities Service Oil Co. (Del.), and Indian Territory Illuminat¬
'
—
debt
Gas
ing Oil
$1,485,044
337,505
Company
Net profit
:
C6.-—SEC Sets May 26 for Hearing—
and Exchange
.375,840,
:.
City Stores
against the company and various subsidiaries under the capital simpli¬
fication section of the Public Utility Holding Company Act.
The other
992,927
1941
.-•y
Securities
The
...■•»
-
Co/s funded
•
and
1942
'
'
447,684
com-
to
applicable
Profit
fX
in
Cities Service
199,281
$1,681,052
funded debt
Interest on
in
367,000
' $1,745,680
subsidiary
of
stocks
Interest on City Stores
.
$47,117,657
1,534,105
(est.)
and State taxes on inc.
Assets—Cash, $3,293,823;
$3,030,312
118,013
$2,717,983
874,914
$312,330
.'————
income
5,681,231
1941.
{After deducting U. S. Treasury notes of $23,150,000 in 1942
and $25,000,000 in* 1941.
{Investments in wholly
owned foreign subsidiaries (Canada and England) not consolidated at
cost.—V. 155, p. 1306.
$2,918,678
13,229
;■
c
yyr-'M««>.
$2,619,577
98,406
$299,101
operating income.
Net railway
Other income
of
$1,952,512
434,390
V $3,727,469
/panies not. owned by company.J
.
etc.,
depreciation,
for
reserves
% 1.274,950
$2,442,191
581,307
1,457,590
—
1
—444—4.44—44444444 239,333,259 '255,302,292
—————
♦After
$45,665,929
'
1,139,060
6,360,000
2,666,365
:
charges
mon
profits
———-——
$3,227,462
"
15,171,162
'Operating reserves —- —
44i.«4 17,413,055
3,327,329
3,325,019
Reserve for contingencies.—
—4'_4_„1—
22,421,875
22,421,875
'Capital stock ($5 par) —
i—
.Or666,215
Treasury stock
——* Dr666,215
Capital surplus
'.—
——44- 25,958,106 25,958,106
Earned surplus —
—44 130,224,856 129,676,755
2,050,686
>
Taxes
1,939,772
$3,702,127
1,259,936
$5,186,059
______-i._
of subsidiaries
vapplicable.tQ preferred and com-
46,235,299
5,000,000
and taxes
—4
Govt, contracts—
$7,416,406
1,854,009
$603,498
expenses-
over
U. S.
on
'{Federal and State incopie and excess
Total
Revenues
31,048,116
payable and payrolls—™—
Accounts
$2,860,462
Amount of net profit
Liabilities-
Annual Report—;
Chicago Great Western Ry.—First
12,194,276
.
Profit'
♦Fed.
y
\
-
$4,701,027". $3,307,451
484,032
j 394,676
profit
income
Total income
58,294,036
.
"
13,057,460
14,897,657
'
y expenses
;
$16,364,911"$15,054,73'8
$19,598,684
and general• -:-v.!
administrative
233,040
321,514:.
712,169
profit-__--------l--_
1
Prepaid insurance, taxes, etc.—————
broadcasting,
gross
Gross
; '
1,430,266
1,366,441
56,907,157
etc.'/_/
from
Other
26.689,079
29,179,577
sales___L_™__-1 $18,886,515 $16,043,397 $14,761,698
Total
Selling,
\
1940
i
Of; goods sold—__i__-_____^_'_;, 34,985,549
Income
v
i ^
>
'*
'
1941
..
$53,872,064 $45,222,974 $41,450,777
Gross profit on
V.
242,463
and equipment————4-...—
•Property, plant
..
departments
Cost
\
•'
; 1942
including sales of leased
31/42 Dec. 31/41
y;;,r' ■/'' v.yy-
and
.
.
>j*4,
'•.
Subsidiaries]
y/v$ ■'.//,
$
Cash
——————-—i—
45,477,295
60,468,948
Marketable securities at cost-,
j-y , 448,833
4,301,999
U. S. Treasury tax notes
—;
y — .
5,000,000
Drafts against car shipments—-,4:—
365,767
2,192,008
Notes and accounts receivable (less reserves) —
8,250,617 -.' 7,737,242
Accounts with U. S. Government,.
——45,151,601
28,965,151
Inventories (less reserves)
—1
—__
73,117,689
77,986,409
{Foreign subsidiaries —
1—
2,335,959 •" 2,335,959
Real estate not used in operations—2,593,461
2,593,461
Sundry invests, and misc. accts
——
1,085,159 v 1,305,817
Expense advances and current accounts officers
;.V-'
•
Registers $4,943,000 Debentures—
The
1
•
authorized by the directors
New York, trustee.
The issuance was
meeting held on April 20, 1942.
Sheet
Consolidated Balance
\
[And All Wholly Owned United States
•'
Assets—
(but which may be extended), to the holders of
the gold debentures on a basis of an equal principal amount of new
debentures in exchange for the gold debenturess.
The new debentures are dated April 1, 1942, Marine Midland Trust
at
f
».
y-.yiy •
<
approximately 60 days
Co.,
v
-
.
•
5% debentures
retiring the present
of
purpose
15-year 5% gold debentures, due
a
voluntary offer of exchange,
$4,943,000
means
specific
the
for
•
Monday, May 11, 1942
FINANCIAL CHRONICLE
•
:
•
..
taxes.—V. 155,, ' p.1505.
Coca Cola
for a
-
y;
Co.—Rehearing Asked—
has petitioned Chancellor W„ W. Harrington, Wilmington,
rehearing of its suit against the Nelii Corp., manufacturers
Company
Del.
•y-,L' y
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155 i- Number 4071
of
Royal Crown Cola, which
that
did
the
word
"cola"
have
not
the
was
sole
on April 1 on the grounds,
and that the Coca-Cola Co.
it.—V. 155, p. 1307; V. 154,
dismissed
was
to
of
use
'.v
structure of
share
per
„
also
unpaid
the
made
the
on
stock
common
April
on
to
Collins & Aikman Corp.—Omits Common
,
The
directors
have
the
Dividend—
■
Period End.
Apr. 25—
—V.
i The
annum,
4%
collateral
whereby
loan
new
due
interest
rate
the
on
debentures
Operating revenues
Total expenses (inci
—
1,
.Operating
$2,419,102
2,144,277
589,607
___
income
—J
$274,825
305,154
:
.
Net income
142,811
$558,814
excess
—
of
Deplet.,
deprec.,
of defense
'Net
1942—3 Mos.—1941
1942—9 Mos.—1941 '
$13,055,312 $11,811,729 . $38,082,225 $26,553,918
10,489,148
9,490,219
30,692,314
22,498,974
oper, revs., net
sales and exps._
amort.
; 844,557
profit---^
oper.
Other
Liabilities—Funded
debt
corporation, $4,912,400;
$1,255; minority interest
in
4,200
income
18,200
,
$823;273
$1,141,756
The
White
active
of
'Quarters Ended March 31—
profit '-L—--—
Earnings per share.^
—;
5
'
$547,181
$0.21
.
on
corporation
and
would
a
$
oper.. revs.——
<oper. ^exps. and
Commonwealth & Southern
inc.-
oper.
funded
on
34,132,617
60,633;
debt
of debt discount
'and expense
10,980,880
-
^
: -
148,301
——-
-
"
;
-
16,057,491
14,726,624
.amortii&tion
inc.
net
5,273,441
.Net income for first
or 41c
per share of
months
of.
Federal
the
for
1941,
tax
amounted
three
stock.
give
quarter
1942
effect
necessitated
$7,120,760,
first
of
Consolidated net
adjusted, to
provisions
to
months
56c
or
per
'
•
'
,
of
by
amounted
to
*
-
1,
4,034,680
3,246,284
46,831,381
34,868,115
48,223,321
36,198,371
788,296
11,963,265
12,024,949
749,820
.8,997,904
8,997,778
3,165,324
.
of
;
i
749,828
-
38,475
33,694
full
for
-
share
per
\
~
per
2,965,360
Dividends
were
this
recorded
in the companies'
in September of that
practice followed
for
Spanish subsidiaries
surplus statements,
the
last
able
several
to
and
the
years,
from
excluded
are
and
the
securities
into
the hands of the enemy in Dec., 1941.
For
1941 the earnings on the securities of the
by Islands Gas and Electric Co. (a subsidiary)
prior
to
owned
now
averaged
approximately
$245,000
per
and
year
the
amount
of
realized in cash by Islands Gas and Electric Co. has
approximately $105,000 per year.
Because of the fact that
was
held by the enemy at the close of the year, and upon
advice of
in
the
was
the
was
in
actual
amount
of
cash
received
from
such
subsidiary
during
the year.
Canada—All
payments of interest or dividends to the company;
by the subsidiary operating in the Province of New Brunswick, Canada,
must be approved by the Canadian
Foreign Exchange Control Board.
;
energy
been
not
Messrs. Haskins & Sells (auditors), the same
accounting
1941 financial statements was given to Manila Gas
given to the Spanish subsidiaries; that is, the operations
of the subsidiary have been excluded from the consolidated income and
surplus statements, and the only income included for the year 1941
While
of subsidiaries
no
assurance
can
be
given
future
to
as
cash
receipts from this
subsidiary, no serious difficulty has been encountered to date in the
receipt of cash representing income on the securities of this subsidiary.
For
the year 1941,
the earnings on the securities of the Canadian
subsidiary owned were $78,000.
The amount of cash received from
general business conditions of
territory served
April 30, 1942, amounted to
197,689,807, as compared with 185,095,373 for the corresponding week
in 1941, an increase of 12,594,434, or 6.80%.—V. 155, p. 1752.
and
the
the
fell
years
treatment
3,027,171
paid
have
earnings
the
preferred stock dividend requirement at
annum.
weekiy kilowatt-hour output of electric
The
of
does, not giye
1941,
^ *■
subsidiaries
averaged
Weekly Output—
'
,
1941,
income
statement
Manila
three
such
full to
and at the rate of $3 per share per annum since that
$6
1935,
date.-
increased
net
1,
deduction
of
rate
Jan.
of
783,522
pref:*'Stock—
on
Balance——
the
29,345,260
Act
above
law
deductions ;
with
of
income
corporation
Corp. as
first three
Revenue
May
filter the enactment of the -1941
3,948,847
Islands.
,
the
accordance
Manila
$5,273,441,
Consolidated
in
18,668,156
income
•pivsr
466,694
to
$2,200,000
the
1941, as
amounting to the 73c per, share reported
effect to this tax adjustment which was
accounts
'22,700,582
income for
share.
shown
20,849,053
Such
Philippine Islands—The Manila Gas Corp. owns a gas manufacturing
distribution system
in Manila and environs in the Philippine
j
3,113,460
1,684,403
situation, It is appropriate
company
in subsidiaries
of
and
10,568,164
9,924,050
1941.
year
operations
the
income
other
&
..Net
1,514,703
J ■< 85,292
576,560 '
9,320,760
:
12,421,724
682,700
1,813,175
————
the
have
Gross
..
Int.
•Reflects
Consolidated
1,005,752
1,387,298
profits
Prov. for depreciation &
excess
.
'
1,500,000
56,168
121,349
1,250,475
common
of
these companies owned are included in the consolidated balance sheet
as an investment at their
respective carrying values. No U. S. dollars
have been invested in or advanced to the
Spanish subsidiaries for a
number of years.
60,729,773
1,373,618
FederaL income. 2—1,319,822
11;064,690
In
156,029,500
_
the
on
secure
necessary supplies to maintain operations and make normal
replacements, with the result that shut-downs are common and,
particularly in Mallorca, only part time service can be rendered.
For the year 1941, the Spanish
companies reported a loss of approxi¬
mately 670,000 pesetas applicable to the securities owned by the system.
££*$$$
71,138,754
declared
Spain—The situation with respect to the operations of the subside
iaries in Mallorca and the
Canary Islands remained very unsatisfactory
consolidated
177,222,455
——„
comment
the
5,356,739
been
Devendorf,■ President, states in part:
throughout
1942—12 Mos.—1941
14,014,650
Federal
778,915
26,972'
merger
along lines
15,080,299
5,237,538
•General
41,543,251
; 375,000
;
revenue
expenses-— :?
for taxes:
Prov.
40,764,336
534,453
-
375,000
- 8,914
------
Of her5 deductions—-Jl'*
Interest charged to con'struction (Cr)
the
in
Corp. (& Subs.)—Earns.—
1942—Month—1941
Operating
34,667,070
8,272.962 < 12,340,627
2,763,908 - 2,739,244
Amort,
'
12,279,694
94,353
;V: ''Gross income
Interest
Gross
$
'
30,082,588 134,507,250 116,081,976
8,178,609
involve
capitalization
$
'
income
would
its
were
share has
per
briefly on the investments
operating outside of the United States.
of Consolidated Income (See Note)
,
42,362,282 168,640,567 156,846,312
—37,342,097
.
"Net
Other
45,520,706
$ '
*
of
to
company
cents
In view of the war and the international
Cpmmonwealth & Southern Corp. and Subsidiary Company Statement
1942—12 Mos5:—1941
$
which
program
readjustment
the
10
FOREIGN PROPERTIES !
15,
-rV. 155, p. 823:
.
.
1942—3 Mo$>-1941
of
officers
June
beneficial to them. Adjournment to the later date
allow directors to report more fully to stockholders.
Commonwealth ^dison Co. (& Subs.) —Earnings—
Period End. Mar. 31—
that
until
of
Consolidated Electric & Gas Co.-—Annual Report-r,
G. E.
prove
inade. to
was
stockholders
Period End. Mar. 31
.taxes
subsidiary
of
surplus
dividend
payable June 1 to holders of record May 19.
This compares
with 25 cents per share paid on
April 5, Aug. 9 and Dec. 19, last year;
npne since.—V, 154, p. 1593.
$556,992
$0.21
'•After provision for estimated Federal income and excess profits
taxes including in 1942 $336,000 in excess of provision required.—V. 155,
p. 1101. .
.
told
negotiations
the
which
"1941
1942
•Net
Total
and
annual
Mr.
$1,300,118
2,308,888
155, p. 1405.
Total
stock
meeting of stockholders was adjourned
at the ^request,of ; Thomas H.
White,- President.
Commercial Solvents Corp, (& Subs.) —Earnings—
;
capital
_______
stock,
Commonwealth Securities, Inc.—Meeting Adjourned—
May Readjust Capitalization—
429,300
33,711,307,200 34,494,550,200 !
maintenance
Consolidated Coppermines Corp.—Smaller Dividend-- /
companies, $91,697; capital stock ($1 par), $926,426; paid-in surplus,
$184; earned surplus, $980,918; total, $9,760,195.-—V. 154, p. 1051.
profits tax_
;
21,119,262
23,650 235
3,946,800,330
3,776,677,186
company on May 6 announced that production of the electric
plants of its system for the week ending May 3 amounted to 139,700,000
kwh., compared with 137,700,000 kwh. for the corresponding week of
1941, an increase of 1.57c.—V. 155, p, 1752.
A
subsidiary, $1,685,456; funded debt of
current liabilities, $1,161,859; deferred credit,
71,825
taxes——
common
The
of
$2,332,673
681,955
394,700
31,700
24,200
321,800
17,500
r
of $174,015), $724,557; construc¬
supplies, $155,513; deferred charges,
64,820
V 193,977
(
cash
$5,115,714
582,427
881,300
1,330,000
13,100
charges
Net
(incl.
materials and
22,028
290,100
i
assets
$1,693,234
193,977
—V.
current
operating
19,244
Fed.
excess
and
$1,740,851
!
income—
Fed. normal and surtax
State
tion
$1^71,205 -$5,050,895;" $2,260,848
$l,l721,606
Other income
Total
$1,713,659;
'1,794,097
2,339,016
650,305
for
electricity—kw. hours
gas—cubic feet
Output—
;
$1,867,141; total, $9,760,195.
.
facil., etc.-
of
$160,342
profits taxes
.
.Assets—Property, plant and equipment (less reserves for depreciation,
depletion and amortization of
$5,316,313), $5,299,324;
investments,
(& Subs.)—Earnings—
10,944,450
expenditures of
10,532,300
9,799,400
tlncludes Federal income tax accruals,
Note—No provision has been made for Federal excess
profits tax
as computations indicate no such liability.
■
327,782
91,856
324,018
Provision for Fed. inc. and
1942—17 Wks.—1941
Period Ended March 31—
Cost
of
•Includes
$1,025,643$579,979^
1
deductions
155, p. 1505.
Sales &
preferred stock
—__—
Total
$4,150,568 $23,222,468 $16,972,507
Colorado Fuel & Iron Corp.
cumulative
Balance available
Sales
Consolidated Balance Sheet, Dec. 31, 1941
•
34,594,685
10,944,450
$5
on
1940
$436,036
—
45,699,330
11,104,645
;
deductions_____________________
incoihe
Dividends
"
1941
income
Other income
18,382,963
42,681,851
10,618,139
__w—32,063,712
Total income
Net
27,316,367
16,754,876
—,—
Gross income
Sales
depreciatipn)-_____.
25,926,975
—
,
$2,938,838
2,502,802
___
—
Operating income
Other income (net)
same
Dec.
on
'
;
—
tTaxes
1941
149,853,480 147,281,707
74,559,245
74,428,575
16,064,000
14,463,000
33,303,260
31,073,765
1943,
t
1%
of
be
the
reduced
was
-
payment
1,
July
agreement provides for the
>
made
the
operating revenues
♦Operating expenses
Depreciation
v- V';
refunded
Corp.
note,
t
Total
1942—4 Wks.—1941
$5,930,425
—
10-year
agreement
will
economies
Gas
Consolidated Income Account
wa^paid on Mar. 1, 1941.—V. 155, p. 598.
Sales
per
further
J.-
regular
Colonial Stores, Inc.-rApril Sales—
,
its
that
4 ?-■/<:>
Commonwealth
Total
1941, but due to the Increase in tax obligations of the corporation and
its subsidiaries, it is not
possible to state, at this time, whether further
interest payment may be
safely made during the current year.
quarterly dividend of $1.25
per
share on the pref. stock, par $100, payable June 1 to holders
of
record
May 19, but took no action
on
the quarterly
dividend
usually payable at the same time on the no par value common
stock.
Quarterly distributions of 25 cents per share were made on
the common stock from June 1, 1940 to and incl. Mar. 2, 1942, and,
In addition, an extra of $2
declared
2y2%
of
1941,
(Company Only)
"■i"1942
the subsidiaries has been instituted and
anticipated
1,
loan
new
a
maturity.
Corporation
last,
1,
is
Oct.
balance
under
while during
1941
the following payments were made on this issue:
April 1 and
July 1, $5.70 each; Oct. 1, $5.65, and Dec, 1, $20.85.—V, 155, p. 1307,
was
it
and
\
General—On
on
on
the company
1831
Income Statement for 12 Months Ended March 81
company
the
completion,
upon
May 4 declared the usual semi-annual dividend of
class A stock, no par value, and a dividend of
$5.50 per share on the common stock, no par value, both payable
July 1 to holders of record June 12.
A distribution of $5.50 per share
$3
for depreciation, interest on debts and all taxes the
showed an improvement of approximately
previous year.
A plan to
simplify the corporate
the
over
effected.
Coca-Cola International Corp.—$5.50 Dividend-—
directors
$23,000
^
v;
of
operation
generic term
a
right
Pr 130^
^ The
After providing
adjusted to show
for the week ended
corporation,
such
subsidiary during the year was $113,955.
Indies—The
subsidiaries
operating
in
Puerto
Rico,
Santo
and Haiti continue to show a highly satisfactory growth,
no
difficulty has been encountered or is expected in connection
West
order
In
.
to
1042
new
basis of the
and
pending
its
Federal
taxes, under
enactment,
provisions
Coniaurum Mines, Ltd.—Earnings—
a
for
by adding
Revenue
Act
arbitrary. $2,000,000
an
of
1941.
One-half
of
to
this
accruals
on
additional
Domingo
and
*
Quarters
profits^ taxes lor, the first quarter of. 1942 have
excess[
computed
for probable increased
law,
revenue
income. apd
been
provide
Tons
the
-Net
amount
Ended
income
from
metals
produced
46,255
with the transfer of funds from these subsidiaries.
for
revenues
$446,676
268,231
$450,298
283,275
—
—
1941
44,130
—
Development and operating costs
has been added to the accrual for Federal income tax and the balance
to the accrual for Federal excess profits tax.«
1942
March '31—-
milled—
ore
Indies
$167,023
4,031
$170,445
52,216
$182,476
59,370
$118,228
$123,105
2,476
the
to
of
the
subsidiaries
the
and
securities
net
owned
$178,445
3,421
1941
year
$1,579,832
were
applicable
/Operating profit
the
earnings
The gross
operating
operating in the West
of such subsidiaries
$552,796.
were
FINANCIAL
■
Weekly Output—
Non-operating
Electricity output of
excluding sales
:
the
panies.
Commonwealth
Edison
of
group
com¬
■Total
other electric
utilities
for
the
week
of
May 2. showed a 11.6% increase over the corresponding period of 1941.
Following are the kilowatt-hour output totals of the past four weeks
and percentage comparisons with last year:
»Week
*
May
to
Ended—
.
2——
Kilowatt-hour Output
1942
'
1941'
..
150,814,000
148,911,000
April 18————
150,711,000
April 11—154,937,000
—V. 155, P. 1674.
'
I
"
—
Provision for taxes
lt.6
•'
obtain greater
to
compressing
sa,
tures for
station
,-iBy
,
In
%
,i'
-
,
Combined
of
bank
amortizing
reduction
tion
program
in debt and
additional-funds
loans
to
were
as
made
were
the costs of
paid
were
; v..-
Total
■
necessary
....
Gas
Co.—Although
the
the
of
sum
from
in part
from
a
Commonwealth
result
of
the
additional
facilities
during-. the-years
.,1940 and 1941,
,
^
Memphis Natural Gas Co. transferred to Southwest
Inc., a Louisiana cornoration organized in-1941,
Gas
.Co,,
oil
leases, in
the State
of
Texas
and
in gas
.
its
production
Producing
interest in>:
properties and
4;gas purchase- contracts in the State-of .Lauisiana,w,with the exception
oft its original gas purchase contract with the United Gas
Pipe Line Co.,
and
received in exchange for these.,segregated properties all of- the.
■
issued
.-year
common
Memphis
holders
the
stock
of
caused
shares of
the
to
be
of
this
'
^
operating
Gas
Tt .wns
stock
of
Gas
740
Dr27,004
130,888
18,870,048
4,430,216
50,773,160
17,719,333
per
Co.,
Inc.—During
the
steam—M.
calendar
year;
Producing
1941,
this
in
added
2,704
to improve their position.
The
customers as against 2,375 during
♦Includes
273,348
and
the
advisable-for
amount
of
$75,000
West
Virginia
for
additions.
Gas
■"
Corp.
to
tax
-
771,952
Cr477,530
271,348
cumulative
Note—-No
such
sale
were
applied
assumed
Macon
Gas
Co.
in
the
(one
of
deducting
by
fund
properties
company
Utilities,
that
and
of
Southern
with
this
and
financing
securities
of
Mobile
to
the
did
not
owned
company
at extremely high rates on the
•
unpaid
the
company
common
and
accumulated
may
it
of
Mobile
at
cash
a
action
and
10,922,950
assets
of
22,942,054
Light & Power Co. to Maine and
Co., Ltd.
These three corporations
1,274,479
$2.11
6,667,787
41,114,488
10,948,277
4,164,600
3,859,100
17,562,400
16,699,100
5,562,500
3,432,500
17,155,000
11,957,651
pany
in
no
not technically
such liability.
excess
1957,
to
an
Co.
5%
bonds.
earnings
accruals
was
of
on
the
highly
interest
income
much
its
on
earlier
'■>>
■
investment
date
than
in
would
■
completed during 1941, all necessary corporate
governmental
Carleton
the
transaction
the
approvals
Electric
Co.,
were
Ltd.
-.
are
secured
for
the
sale
of
the
and
New
Woodstock
Electric
Ry.,
Brunswick Electrical Power
all subsidiaries of the com¬
and the transaction has resulted in all onerations of the system
Province of New Brunswick, Canada, being combined in one
the
;
the year many negotiations were had by reDresentatives of
looking to the sales of its assets, in an effort to effect sales
of
properties
at prices which
directors
believed
to
be
fair
and
reasonable to the security holders, so that the proceeds from such
sales
might be used for the retirement of debt securities of the
During
company
company.
unsettled
provision has be^n mo^ for Federal
par,
income bonds of Mobile and discharged
on such
income bonds, so that
35,139,483
:'//
:
at
interest
expect to realize
stock
the
stopped
have been possible.
otherwise
company.
,
Utilities
improve
company,
that
10,921,950
10,096,594
Cities
materially
by
in
32,693,453
6,939,958
sold,
financing, Mobile Gas Service Corp. retired
5% bonds, $679,550 first mortgage 97r income
first mortgage 7% income bonds and $199,025 of
unpaid interest on the 7% and 9%
income bonds.
14,112,855
40,159,359
indenture
due
bonds.
this
78,960
1,799,676
12,212,975
4,868,592
The
and $236,950
the
$1.90
the
bonds
such
subsidiary,
a
was
additions
at
connection
While
913,283
2,270,757
under
5V2%
of
for
company.
Service
Gas
65,952
stock
Inc.
$588,000
$840,000,
cash
merged
company
owed to company.
This transaction
to retire $204,500 of the Federated Utilities, Inc.
$614,000
55,629
pref.
provide
the
pledged
was
Federated
of
expenses,
to
of
$916,500 first mortgage
inc.
______
computations indicate
of
Corp., a subsidiary, in December, 1941, issued
competitive biddiner, $1,400,000 first mortgage bonds,
Series due 1961, and $600,000 of 6% cumulative preferred stock.
bonds,
53,852,647
17,720,921
__L
ft. >.,12,348,906
lbs.;r
4,862,892
maintenance
Federal
from
$700,000 first mortgage bonds, 3J/2%
Series due
proceeds of this issue, $75,000 was used to establish
fund, and the balance of $625,000 was used to pay
of
the
55,690
the
the company
sold,
3%%
53,961,974
109,327
....
^^^^3/^1,892,466
accruals of
dur¬
the
bonds,
Mobile
and
...
expenditures of ___1^"
tlncludes
.
::C
of
indebtedness
electricity—M.
hours
system
in
company,
Out
5V2%
after
construction
a
to
acquire and retire
1941, Peoples Gas Co.,
construction
a
.
,
'
Sales of
kw.
the
subsidiaries
indebtedness
bonds
to
October,
1961.
proceeds,
beneficial
share—
common
gas—M. cu.
Southwest-Gas
.
" Balance
Earned
In
three
consummated
received
of
19,500,746
Sales of
its
17,644,107
4,429,672
declared—$5
Sales of
to
.
jCommoh stock
rL
the
was
of' certain
$709,000
assumed
used
insurance
27,055,801
59,489,016
29,389,695
64,369,070
Net .income —12,885,397
share¬
<
n^e^nrv
funds
7,386,407
the
the
was
While
....
Dividends
of
received
securing
and
.
its subsidiaries continued
subsidiaries
the previous year.
advance
the
establish
betterments
$578,000
amort.
Gas Producing Co.,
Corp. thereby received
dividend
a
of
of
to
and
71,892,536 261,299,233 257,485,553
29,857,459 116,636,420 116,978,762
;
.
proceeds
payment
balance
enabled
50,904,048
income.
of, debtv. disc't, etc.
Int. chgd.- to construct.
Dividends-on. preferred
%.^.stocks of. subs, .held
by public, etc.„
The
the
used
Subsidiaries)
18,897,052
•
,
transaction
of
merger
which
companies in the merger) held by the public, which were called
for redemption, and $578,000 of bonds of
Georgia Public Utilities Co.
(the
third
corporation
in
the
merger)
owned
by
company.
The
1942—3 Mos.—1941.
15,751,618
(net)—
.interest,
the
was
Georgia,
consisting
merger,
.
States
company and
as
and
i 17,64S.367
income
ldngTterin. ;.debt ;
pn.
/Other
..
of Southwest
Commonwealth
common
Co.,
Atlantic
stock
the latter:..part
In
company.
distributed
common
Inc., which it had received.
444,977 .shares
Inc.
-
new
Int.,
:
.
of
1961.
to
accumulated
'Gross
-
:
constructed
73,405,188
30,095,181
expenses
income
due
part
In
$185,064,
a
in
.■
.
Other
tincome
as
(Company
1942—Month—1941
$
■Wi
Vp; • ;;:,P S ■
revenues
::U> Operating,
previous year, the net income amounted to $455,652. a decrease of
or- 28.9%, due principally to increased provision for Federal
and other, faxes and to increased provision,for depreciation
25,496,625 mcf.,
Series
depre-
Gas
volume of gas sold during
an increase of 26.6% over
the
to
oper.
•Operating
bank
year
amounted
Statement
Depreciation
17,903,050
vtTaxesv.—17,763,590
such
the
1941
Income
i
$405,000.
and
;
.
made for
and- construc¬
out of-earnings,
obtained
were
loan
and. the
principal part was secured
Corp. and affiliated.companies.w.
.^.Memphis Natural
in
the development
large extent
a
355
•
been
1941
the
Period- End. Mar,- 31—
approxi¬
refinancing arrangements on April 1, 1941,va*substantial saving
charges was effected, and during the year,w payments on
account
allowance has
Consolidated Edison Co. of New York, Inc.—Earnings
interest
This
/
■■■..-
no
the
In
facilities.
these and other additional facilities have
aggregated
mately. $880,000.
figures
total of $133,000 of first and refunding mortgage 4V2%
50-year
gold bonds, due Jan. 1, 1951, have been called for redemption as of
July 1, 1942, at 105 and interest.
Payment will be made through the
sinking fund at The Chase National Bank of the City of New York,
successor trustee, 11 Broad St., N. Y.
City.—V. 155, p. 1752.
>
'
production from certain of company's wells,"
constructed near Ripley, W. Va.
Expendi¬
was
•
—
above
year
State
financial
operating
March, 1941.
Immediately following the merger, Atlanta Gas Light Co., the merged
corporation, sold at par $2,200,000 general mortgage bonds, 372%
A
.
year follows;
delivery
order
the
important
ing the
Connecticut Ry. & Lighting Co.—Bonds Called—
5.7
9.9
West Virginia Gas Corp.—Increased demands for
gas by customers
have made it advisable for West Virginia Gas Corp. and its
subsidiary,
Monickel Gas Co., to expend its production and
In
expenditures
most
in
4.9
(
principal events during the past
—
The
ciatioh,~-V. 155, p. 598.
Commonwealth Gas Corp.—Annual
Report—
»A summary, of
—
write-offs
before
Profit
Capital
%. Increase
135,135,000
141,926,000
142,597,000
140,937,000
_
April 25———————-
income—
Note—In
.
revenue
v
profits tax as's
Progress in this direction has been very difficult due to the
and low prices of utility equities.
Directors exoec.t
market
to continue
market
progress
actively such negotiations, but with the present demoralized
utility
equities,
the
prospects
of
making
substantial
in this direction in the immediate future are not encouraging.
for
>
THE COMMERCIAL & FINANCIAL CHRONICLE
1832
Monday, May 11, 1942
r
1941 was the sale in December
in-Wheeling Public Service Co.,
Wheeling, W. Va.( for approximately
$150,000 in cash.
This cash was applied during the latter part of
December, 1941 and early 1942, to the retirement of $262,000 Southern'
Cities Utilities Co. 5%
bonds.
"
;
•'
'
At the close of the year there was in effect a contract with the
Public Service Co. of Indiana, Inc. for the sale by company of its
only sale consummated during
investments of the company
The
Consolidated Retail Stores/IncI-r-April Sales—
,
the
of
Period End. Apr. 30—
transportation operation in
bus
a
Co.,
Public Utility
Hoosier
in
a
!
12 Mos. End. Mar. 31—
'
<
?
»
Pi
.
;;
1307.
p.
$8,740,286
$2.66 \
;
$2.83
profits; taxes.—V.
155,
excess
(Including wholly-owned
-
Sales
v. „
Provision
' O;
for Federal taxes
Provision
for
accruals
reserve
—
—
Federal
Note—The
March
31,
assumed
_
Miscellaneous
current
Net
or
■?
income
Net
$1,217,375
expenses!
and
Other
31,
(&
65
>
net
cents
V.
1942,
amounted
to
1941
-
receivable
Accounts
Materials &
supplies.—
Total
707,269
891,797
Prepayments
__
Unamortized
debt
deferred
and
discount
$5,476,922
$3,545,012
617,635
521,064
483,453
$5,229,988
$5,997,986
$4,028,465
1,599,249
1,938,751
309,360
80,633
1,696,555
72,739
2,711,736
235,111
77,054
1,570,453
1,282,842
1,215,058
872,001
158,384
56
183,303
3,131
159,406
1,233
costs
leaseholds.
interest
-
$3,528,551
•/'total-' %-1-J
185,338
$3,544,165
$1,215,583
4,682,565
$0.76
4,682,568
$0.26
•
Subsidiaries:
Net
'
preferred stock
-
1940, $16,565,256.
(b)
reserve for
for
advances
controlled
to
at
153,497
2,494,398.
•
249.338
10,307,963
10,000
7,251,204 ;
183,874
20,095,630
639,378
218,381
______
1,075
23,692,966
stock ($5 par)
payable to banks (curr.)—
payable ——
to controlled companies.
tCapital
Accrued
liability
taxes
Accrued
of
for
Res.
Consolidated Gas, Electric Light & Power Co. of Bait.
—-Earnings—
■>
,
.
...
arrears .on
stock
of common
share
the 1%
shares
lieu of
and
preferred stock to the extent
$4.25 in cash for the entire
1941, on each such share of preferred
This same offer was to be made by the company
the other holders of its 7% preferred stock, arid Electric Power &
owned
it.
by
Corp.'s agreement to it was made contingent upon acceptance
the holders of not less than 80% of the remaining 3,843 shares
preferred stock outstanding; 'v.: -v '; * >• .M A - C .><.<•*
(4) After obtaining the necessary consents and approvals, the com¬
pany was to file an application with the Secretary of State, seeking
authority to increase the authorized amount and change from $100
a share to $50 a share the par value of its common stock, and decrease
the authorized amount of its preferred stock, such increase in com¬
mon
stock and
decrease in
preferred stock to be in the amounts
396,365
1,320,409
23,692,967
to
necessary
141,477
49,102,900
34,834,786
above
the
issue
to
Company
plan.
was
the consummation of
after
furthermore
to
the plan any more
the present preferred stock
then to be outstanding in tha amount of not exceeding 3,843 shares.;
The stockholders, at the special meeting held May 26, 1941, author¬
ized the officers to proceed with the filing of the necessary application
with
the SEC,
since it was necessary to secure the Commission's
authorization before the plan could become effective. The SEC formally
called a public hearing in Washington, which was held on Sept. 23
and 30. The application-is still pending before the Commission.
1,890,151
49,102,900
execute
not
preferred stock of rank superior or equal to
378,196
735,362
112,783
itself
bind
250,073
1,928,850
—
payment for1 the above.
surrender for cancellation
ol 7%
1,485,113
21,790,498
annuities and contingencies
insurance,
stock in
by
356,963
22,934,720
————
Capital surplus
Earned surplus
$50
one
to
3,574,964
——________
Minority interest
common
Light
204,841
131,540
—
its
dividend arrearage as of July 31,
4,682,021
16,405,156
—/
during
study to
shares of
full cash dividends in
182,728
*
____
_
credits
Deferred
$16,750,901.—V. 155, p. 1507.
——
have,
consideration and
Electric Power & Light Corp.-agreed-to accept additional
Dallas Railway & Terminal Cov common .stock and cash in
of
8,373^644
—
—
Lpng-term debt
1941, $17,358,688;
1941, $17,315,139; 1940,
per
K3)
9,157,311
250,670
11,579,878
a.———
series due 1951.
7% preferred
share, or an aggre¬
6%
company's
the
on
to $57.16%
by it in exchange for equivalent par value of Dallas Railway &
owned
2,600,000
Notes
Accounts
dividends
amounted
Terminal Co. common stock,
144,904,026 130,222,466
Tptal
1941,
11,000 shares of Dallas Railway & Terminal Co. 7% preferred stock
the
Liabilities—
1,122,119
411,781
bonds,
first mortgage gold
undeclared
31,
(2) Electric Power & Light Corp. agreed to
'
stock
receivable
Dec.
additional
issue
-
75,352,297
com¬
——
5,172,929
advances._—_____9,746,130.
(not current)—_——
193,639
Unadjusted debits, etc.-.:
—
——
560,836
Underwriting and other expenses of deb. issue
Prepaid and deferred charges
______
1,391,964
retirements;
revaluation:
.
—
(not consol.)__^
panies
Notes
109,390;903 107,367,042
reserve
__—
receivable.
Other investments~and
Due
(a)
1941
•
$
"
82,674,660
10,570,769
1,048,678
428,176
—
deducting
31
1942
" $ '
—
2,500,000
_____
-* After
''
'
*
and
sale
Sheet, March
Balance
accounts
and accounts
Dome
§Loss on
Stock Plan
the past few years, given much
ways and means whereby the divi¬
Working in conjunction with Electric
Power & Light Corp., which company owns about 88% of company's
total stock
(preferred and common), a plan was evolved and its
details announced at a special meeting of the stockholders on May
26, 1941. The plan contemplated substantially the following steps:
(1) Acquisition by company of all securities of Northern Texas Co.
(the owner of the Oak Cliff leased property for the use of which
company
pays
an
annual rental fee of $186,062) held by ..Electric
Power & Light Corp., consisting of a.note in the amount of $1,540,000
as
of July 31, 1941, and 2,000 shares of capital stock of the stated
value of $5 per share.
Dallas Railway & Terminal Co,, proposed to
-•
-
Investments
1.931,992
________
-Total
ownership.
204,623
dend situation could be remedied.
4,682,579
$0.15
North
Kettleman
in
of
1,098,738
9,127,572
Due from Continental Cos._^_^a-~___-__—53,497
Inventories of crude oil, etc..:
—'
22,817,242
Materials and supplies
1,786,948
Other current assets..
.■___
209,101
706,259
_
Contributions in aid of construction
readjustment
U. S. Government securities
30,859,700
Miscellaneous long term debt
958,959
Property purchase obligation-..^—2,500,000
Notes payable
38,949
Accounts payable
2,376,859
Customers' deposits
1,146,569
Accrued accounts
:
3,512,407
Deferred credits'
305,013
Reserves ——
' 1,242,661
.
$508,522
15,000 shares of cumulative
($100 par); 32,500 shares of common stock ($100
gate of $848,524.
Company's officers
$674,901
income taxes and Federal income and excess
Cash
Notes
1,493,700
43,612,700
Equity of min. stockholders in surpl of subs.__
equity
in
4,682,572
$0.29
430,760
_____
appropriations—
reserve
$4,703,000
and
.Accumulated
$721,423
.
1,480,000
18,297,300
32,324,900
_
from
Consolidated
1,000,000
2,088,700
41,690.400
;
:
.
Subsidiaries
432,470
209,901
421,926
416,523
$515,727
expenses,.
operating revenues—
par),
tProfit on sale and disposal of
Assets—
;
$
1,390,640
'188,998
Preferred
146,522
'
"
1,483,829
487,272
a'
—
Company's capital structure consists of
7%
CY986
$1,380,434
.
k
206,399
$
166,765
$3,176,919
supplies—:
retirement
Property
75,019
§Drl24,375
profits taxes on- basis of 1941 Revenue Act.
4,505
rPfeferred
Company _j—-
% Increases
net.
resulting
([Includes State
assets.
of
1,688,716
102,518.
_
Bonds:
assets,
Association
1,327,984
_
Common
share—
per
^Profit oh sale of certain leaseholds.
fixed
($1 -par)..'
1,000,000
CJlfiastA non'CumuL partic; stock (I;480,000"shsi ^i
; $£- par)
1,480,000
$6 pref. stock (182,975 shs. no par)..!
18,297,300
and
other operating
All
stk. out¬
standing
109,390,904 107,367,042
—
>
stock
——_
Shares of cap.
^Property
IJLj
:
^Liabilities—
Common
"
:___
—_—
—
170,840
$3,514,275
1——
—
244,548
$1,504,809 '
$1,130,245
*15,614
.
income
Earnings
..21K909
218,062-
_
1,660,519
230,292
418,936
Special credits
! 3,731,218
1,268,565
expense—..
assets
1,505,081
1941
;
1940
$1,970,462 $1,851,391
1,372,973
1,158,763
———
—
—
—
Material
stock
233,867
i:
<'
Terminal Co.—Aririiial Report-
terminal
Infcerurban
$4,612,353
Interest
$
2,408,620
; 150,914
—
150,000
income Account for Calendar Years
1939
$8,008,534
._
devel.
Minority
'
4,048,082
_
_
75,738
124,241
•
with a net profit of $427,101, or
shafe, for'the first three months of 1941.—>
common
Railway
Motor coach
1940
895,304
$7,589,598
income.—
income
Intang.
Net
1,566,053
434,916
197,232
$2,261,734
':>*
;
profit for 1942 compares
per
Dallas Railway &,
approximately
has no
Payroll
Depletion
1,341,772
_
194,296
;
155, p. 823.
company
Subs.)—Earnings—
1942
income
Total
98,522,660
.
:-'r 763,286
'
1940
98,793,928
304,533
,
(.Construction fund
Special deposits
f
The
ended
of the
months
portion
the
represented cash. The
155, p. 1598.
111,671,865
etc
Operating
41,331
1941
Cp^h:,.General
;
three
applicable
for
the
-
$0.29
Direct taxes
Comparative Consolidated Balance Sheet Dec. 31
plant, invest, in subs, not consol., etc..
Sinking funds (cash and investments)
:
'
in¬
State
tax,
come
$1,312,195
■
lity
Other
$130,103
$0.24
6,464
j.As§e]ts—
-
$106,912
serious
'' 'i5
$3,219,316
-
^
profit for the period_i_—$406,674
Earnings per common share_^—• - • •• $0.61
$26,573,109 $19,736,049 $19,496,958 $17,100,338
17,311,646
14,228,392
13,128,239
12,848,057
income
oper.
and
Federal
$2,511,210
199
——
——
—
profit from
Selling,.expenses
GehoraL and: admtoiBtrative"
bonded indebtedness.—V.
Quarter End. March 31—
Gross
$3,871,201
—
—
March
at
assets
of which $489,000
Depreciation
__-
v
25,000
25,000
,
on
income
adjusted to
bank loans
Profit
oo
237,000
-/i
"
;
the Three Months Ended March- 81, -1943 •
provided for the year 1941.
taxes
$5,630,157
1,758,956
$2,442,062
43,916
,—,—
—
interest-
on
taxes
have been
1941,
$2,800,000,
& Gas Co.:
deductions of Consol. Elec.
Taxes
$392,103
v
376,000
;
Balance of net income——_____________
.
$7,637,498
2,007,341
$5,508,154
1,804,601
—
--
Interest on bonds
•
$507,912
Earnings per common share.
Surrendered
.
4,504
-
income.:
on
contingencies
The last paymeht on this issue, $2 per share, was made
operations before depreciation, amorti¬
sation, social security and unemployment taxes
Provision: for depreciation and amortization_____-__^______
Social security and unemployment taxes__l___l__L________
Reserve for inventory and post war adjustments_i-_i
Estimated prov. for Federal inc. and excess profits taxes
37,253
47,118
income—u-
on
Continental Oil Co.
$7,552,886
2,044,732
quarters,
Gross profit from
'
$3,703,553
_—;
Net income
Income
$424,852
—.
—-
A similar distribu¬
preceding
Net
333,202
.
deductions of subsidiaries
Income
$555,030
1 _"
_
taxes
before Federal
Provision
7,304,296
261,103.
'•
income
Gross
"__1
s
■■
Profit
1940
7,291,784
—
—
income
Retirement
21,586
depreciation-.^—^
_:
a wholly-owned foreign sub.
'•{ *#*t'J*Vr? ^"*'•
! I
1 ' , '* •
*'i'
$30,738,699 $27,133,622
23,448,915 19,829,326
Utility operating income.——
.•GrrWss
for
$403,267
10,025
received from
Div.
-
Cost
Other income—net
'ijyj w»
\
,
t
cumulative dividend preferred stock,
the $8
on
Statement of Income for
Gross
$545,004
/
income
taken
was
Operating revenues:
1941
Operating revenues
Operating revenue deductions and taxes.
Inc.—Accumulated Dividend—
Cutler-Hammer, Inc.—Earnings—
1,781,370
249,829
*'"■.;»* v'i'f ^1
Total
action
par value.
$2,434,466
company.
Ended Dec. 31—
t,
Sons,
1941
Operating income
.
Other, income' L(net)__n
Comparative Consolidated Income Statement
..
155,
.
,
The directors on May '5 declared a dividend of ^1.75 per share 'orf
of accumulations on the 7 (^-cumulative preferred stock, par
no
$2,758,941
1,943,575
270,361
(net)—_1
sales, exclusive.of depreciation—_____
K-'r •-►}•'/ \U;\r
representatives of holders of the junior stocks are maintaining that
a
portion of the new common stock be allocated to the holders of
the existing class A and common stock.
To date no orders have been
issued on either hearing.
It is expected, however, that orders will
be issued in the near future.
(
customers and foreign subs,
to
Cost pf
Representatives of different groups of equity
sefcurity holders intervened in these proceedings. Certain representa¬
tives of the preferred stockholders are maintaining that all of the
new
stock be allocated to the existing preferred stockholders,
and
p
tax.—V.
s
;<XKDe&*$, i935^v..i55. p; 736;"-v-*.
1942
Selling, adrntnistrative and general expenses—
should be reclassified into one class of stock.*%The second
had as its chief purpose the determination as to how such
should be allocated to the holders of the existing
the
profits
excess
,
-
domestic subsidiaries)
Three Months Ended March 31-—
'common stock
stocks of
256,800
$742,060
$100, payable June 1 to holders of record May 18.
tion was made on this <. issue- in each of the ten
No
Contineutal-Diamondl Fibre. Co.—Earnings—
r
,
stock of the company into common stock and the elimina- :
tion .and cancellation of all of the presently outstanding class A and,
common stock,
subject to proper corporate action. Shortly, after the ,
filing, of, this plan, . the SEC issued an order for a hearing under
Section'1Kb) of the Public Utility Holding Company Act of 1935 and
ordered
that a consolidated hearing be held on the Section 11(e)
Plan and the Section
11(b) proceedings.
Section 11(e) provides for,
a
voluntary compliance with the provisions of Section 11 through
the
filing of a plan,
whereas Section 11(b) looks to compliance through orders issued by the SEC on its own initiative. To date two
hearings have been held pursuant to such order.
With respect to
company the first hearing had as its purpose the question as to
Whether or not the preferred, class A and common stocks of
the
new
None
___loss$149,559
prior to which dividends of 87'/2 cents each were paid, sr
preferred
hearing
tax
madei for, Federal
provision
k
Cushman's
•
^Company
company
income
_______
account
.
'
' >
■
1752.
•
$7,581,555.
,
Federal
for
Note—No
1941
$16,146,212 $15,648,931
Depreciation, depletion and Federal tax_______
*8,564,657
6,908,645
'Net 'profit^
'
;
1941 •
.
—
'"
1942
■■
-
■
'
revenue_________—
.Net earnings
Subsidiaries]
.
1942
,
$11,693,406 $12,330,721
Earnings before Federal taxes on income___.u.__ lossl49,559
998,860
,
-
^
Subs.)—Earnings—
9 Mos. End. Mar. 31—
G.ross operating
Inc.—Earnings—
Earnings per common share_____~
'Includes
provision for estimated
a-;-/- ACT OF. 1935 ■
in November; 1941 filed a plan with the SEC pursuant to
Section
11(e). J of the Public Utility Holding Company Act of 1935,
which in substance provided for a reclassification of the outstanding
Curtis Publishing Co.. (&
..
$3,530,667
_
Profit.
COMPANY
HOLDING
UTILITY
$4,674,772
.
,
Wholly-Owned
[Including
i
,
PUBLIC
UNDER
- v
.
1942—4 Mos —1941
$968,564
Reserve
operating in south central Indiana, for a consideration of approxi¬
mately $1,100,000 in cash.
This sale was consummated in April,'
1942.
The
proceeds are being used for the retirement of Central
das and Electric Co. 5Va% and 6% bonds. "
" ""
PROCEEDINGS
1507.
p.
Continental Can Co.,
and electric company
gas
$1,182,747
—rV<. 155,
'
investment
1942—Month—1941
•
Sales
Sheet, Dec.
Balance
1942—3 Mos.—1941
31,
1941
./-"■After
Operating
income
$2,291,747
$2,309,897
$8,773,581
total, $12,270,880.
Total
125,065
444,355
622,287
$2,397,618
$2,434,961
$9,217,936
$8,760,274
626,297
655,611
2,524,583
2,618,582
$1,771,321
$1,779,351
$6,693(353
144,904,026 130,222,466
—
-
depreciation, depletion and intangible development costs, tlnin 1942 and 56,025 shares in 1941, held in treasury
and carried at no value.—V. 155, p. 1507.
$8,137,987
105,871
__
$6,141,692
income
■
_
deductions
Net Income
*
1942
per
tl941
■
—
319,729
stock
319,729
1,278,917
1,050,657
4,202,629
1,175,525;
4,202,629
per
$408,964
$1,211,808
$763,538
$1.25
$4.64
$4.25
______
Nttte—'Tax provisions
taxes
plus
charges
excess
an
for
1942
additional
assume
a
rate
of
40%
r
;
for
contingency provision at the
$900,000 for the full year. No excess profits
1941 or 1940.—V. 155, p. 1507.
Total
End.
Mar.
taxes were
Federal
William
of
rate
necessary
M.
and
Bailey
Both
Vice-Presidents.
for
men
Paul McKnight Deeley
have been associated
since its formation.—V* 155, p. 916.
1942—Month—1941
$4,344,795
1,534,232
___
'Federal
profits
260,266
3,340,329
n
3,960,249
4,727,336
500,000
6,589,777
have
with
been elected
the -company
■Gross
.r
.
Divs.
income
on
Amort,
pref.
of
$1,142,566 $13,681,030 $15;115,426
385,029
374,871
4,565,010
$646,693
$767,695
$9,116,089
—
^_______
'
stock—
pref.
285,426
amendment
By
285,426
$10,492,717
3,424,815
3,424,817
65,278
65,278
783^339
-
783,339
stock
B,nJcnre
jlODv; p,.
TIaT"-""-*"
dividend of 25
extra
an
25
cents
share
per
on
15,
last
and
year,
on
cents per
the
_
T.V;:,..y.
fnvnaV .«
•
v
$436,048
Like amounts were
June
15
and
$295,988
V.j,';.
$416,990
,
\v
152,
281;972
$154,076
"
3
i
$85,835 1
___.
h
2549.
p.
Decca Records,
Dec.
:
_________________$154,079 '
—
68,243
Income
income
Net
-V.
share
stock,
capital
Inc.—Earnings:—
1:
>
1941
,1940
Net
profit
—-—A:}' *$202,005 ; t$2U,159'; t$105,159 :
Shs. of capital stock outstdg.388,325*.-.:/';%376.657
"/T 374.991 >
tEarnings per share.—1—. $0.52
"v/
$0,56
$0.28 ■
Three Months Ended
to
the. corporation's
been
has
$4,907,915
..;4 ,-^i
■
.
$6,284,560
v.".-' "v.*-
changed
articles
from
shares
of
:
.
incorporation, the
no. par' value
-
tAfter
having
excess
having a-par value of $1 on a share-for-share basis.
Accordingly; beginning May 2, 1942, transactions on the New York
Exchange in the common stock of company
$1 par
value shares.—V. 151, p. 2350.
Mar.-31—
^
-.1942
-
r
'
.
;
were
;;
recorded in the
-
1
;
charges
all
Crown; Drug
Sales
Co.—April Sales—
—V.
—_
155,
p.
1507/-
,
-
'
-1942—Month—1941
$729,700
.
-
$677,808
Delaware
The
ings
'1942—7 Mos.—1941
$5,337,856
of
$5,125,838
/
.
v-
Federal
taxes,, butr before Federal
including ' estimated provision ;
income
/;-
&
Hudson
.
^
.
..
,'J.:
Co.—Advocates
\
Chandler
April 29, urged revival:of-the Chandler. Act in hear- ■;
special subcommittee'on Bankruptcy-and Reorganization-,
The Chandler Act provided for a:''
readjustment.of the. capitaL. structure of railroads, which,,
a
House
voluntary
Act i
^^
company,
before
the
and
tax.
"After, all charges
$201,228.—V. 155,. p. 1119.
profits
taxes of
for
Revival—Period End. Apr. 30—
'v
of
into-shares
(
*.•
declared
Crowley, Milner & Co., Detroit—Par Changed—
,
4,622,709
stock
-expense,
..«rrV*
k
*
——
1,648,937
Curb
.'Net
1/4 i_nr
(including taxes)_;i___AALL!i----.
Total income deductions
payable June 15 to holders of record May 29.
common
deductions
have
dividend
on June 16 and Dec.
1940.—V. 154, p. 1262.
16,
5,370,000
561,039
-
Gross income __—$1,031,722
Interest
u
^
revenues—
________
A.
Months Ended Feb. 28,, 1942
12
Operating income i._i__Ji—____—
Non-operating income
3,588,318
343,700
regular
paid
3,075,057
'.324,000
directors
a
both
$4,135,062 $51,328,193 $46,672,095
1,564,529
19,029,420
17,874,356
589,578
.
and
1942—12 Mos.—1941
263,791
364,432
income
excess
ProV. for depr. & amort.
The
Co^~Earnings-^
31—
Gross, revenue
Operating expenses
Proy.,',for general taxes
•Federal
operating
Total operating expenses
Creole Petroleum Coi*p.—Extra Dividend of 25 Cents
Consumers Power
Period
Earnings for
--
of
share
/common stock
all
and
-
„
Davenport Water Co.^—Earnings-—;
Cornell-Diibilier Electric Corp.—New Vice-Presidents
?After
income
corporate
p. 1676.
including depreciation, after Federal and state
profits taxes of $654,391 in 1942 and $667,951 in
1941, and in 1942 after setting up. of special reserves of $67,000 for
contingencies* tRevised figures.—rV. 155, p. 1406.
$1.24
_
fp*r
290;
■
$331,818
" $0.59
1,050,657
stock
Balance
income
-
——$199,119
common share—L——:
;
$0.33
$400,934
Divs.—pref.
Divs.—common
Earnings
Earnings'
-v."
$1,500,000; common i
$4,886,972; current and
$50,504; reserves, $430,earned surplus, $1,822,590;; total, $12,270,880.—V. 155, '
\
$100),
(par
stock
$100), $3,250,000; long-term debt,
accrued liabilities, $330,253; deferred credits,
March 31—
Three Months Ended
*Net earnings
and
preferred
Liabilities—7%
stock
Copperweld Steel Cor—Earnings-income
Gross
Income
property
Assets—Plant,
1942—12 Mos.—1941
Totalfoper. revenues— $12,380,247 $11,160,132 $44,323,580 $40,011,441
Oper, exps. & taxes—
10,088,500 I 8,850,235 35,549,999
31,873,455
Other
equipment, ledger J value, $11,070,.020;
current and accrued assets (incl. cash of $604,450), $922,330; deferred
debits, $262,830; reacquired capital stock (157 shrs. 7%. pref,); $15,700;
cludes 56,023 shares
Period End. Mar. 31—
,
Judiciary Committee..
m/-l-!•;
n.-,♦.
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
;
past
experience
jrelief.
•
.,
bill
Durham-Enders Razor Corp.—New Name-
demonstrated earnings power, did not need
structures, but did' need temporary
and
of. their-1 capital
reorganization
See
Thomas
■• •
v*-1
»/* •*
L.
••
**•
■,'
•
*.1
v
^<*
*h.'** \-*y..vi
► ,■
General- Counsel
and
Vice-President
Ennis,
of
.
Period Ended March 31-
the
Ry. oper.
&
Co.,
East
above.
J
$690,208
'
"
.1942—3 Mds.—1941
$2,365,576
1,385,949
r/V
Gross
corp.
rents,
..
399,500
245,091
$180,344
$580,127
V.; 10,828
:
3,341
'
Other
Gross
3,322 $
Net
$204,637
$183,666
$590,843
32,576
38,697
99,038
J
96,872
Registered With SEC—
85,936
287,157
;
$75,189
$59,033
$204,648
'
Denver Tramway
oper.'
Oper.
exp.,
•
$3,559,798
$2,996,761
680,621
3,039,335
Period—
2,796,890
;
Net -oper. inc
Miscellaneous income
,
.
$83,590
2,423
$520,463
10,309
r"
$86,697
-$249,812
i,.
$70,848
126,700
160,944
28,971
308,325
—
257,944
$190,331
$41,877
$489,714
—
Dec.
1941:$-^4
31,
plant,- $l,076f228; '^ investm'ents,-, - $17,092;' 'current
cash), $109,805; deferred charges,
$11,083;
$1,215,107*
"A'.vi'•:>!,..."/J:
,'iVS:y.y--
" *
:
stock
v.
stock
(par
Inc.^~Weekly Input-—
uf;
-
For the week ended April 30,
ing
companies
of
1942, the System inputs of client (^pera'lServices, Inc., which are, subsidiaries of
Ebasco
American Power & Light Co., Electric Power &
Light
Power & Light Co:, as
compared with the
1941 were
Note^-Earnings per share of capital stock- was 90 cents in, the 1942
quarter and 20 cents in the 1941 quarter—V. 154/ p/957.
$213,262
$530,771
profit
$51,5ft
$46,678
Ebasco Services/
<
i
income
'42
$1,055,982
$477,975
Net
12^23
S
<14,547 shares, no par), $363 675' 7^
$100), $85,000,000; first mortgage bonds Perils
A, 5%, $220,000; current liabilities, $58,157; customers'
advance* %r
construction,
$45,000;
reserves,
$223,867;
contributions
in
aid
of
construction, $19,826;
earned
surplus, $199,762; total, $1,215 107 —
V. 154, p, 1529.
-
Mar. 31,
—.J.
13,391
r
12]l59
v
1941
Prov. for depreciation and amort...
•Provision for taxes
$199,871
3,107
$247,388
..1
157
$63 837
Marl 31," 12 Months
.1942
Net profit
$63,680
i/V'
$56,309
(including
preferred
$181,595
155, p. 1676.
3 Mos. Ended
1942—12 Mos.—1941
$764,211
$1,011,872
764,483
Gross
deductions^^v~-^^^-^2II^
As«ets-rElectric
total,
•
and
taxes
>■
other
income
assets
116,813
253,548
Eastern Rolling Mill Co.—Earnings—
1942—3 Mos.—1941
rev
deprec.
•
Corp.-^-Earnings—
Period End. Mar. 31—
income.
•Before, provision- for retirement losses.—V.
1774.—V. 155, p. 1676.-
See "Chronicle" May 7, p.
$68,256
$68 469
Liabilities—Common
•Net
;
■
■.
;Balance' Sheet,
-.r
*
Total
and
1940 '
212
income
$551,956
,
Certificates of Deposit
„
income
V'V
etc.
'
...
$276,753
$232,502
208,497 (L 168 822
'
.
Net:operating.' income_____i..
$541,128
10,716
$201,296
income..
-
1,199,968
83,002
■:.-V
$1,986,187
426,862
Interest
'•.
Co.—Earnings—
rV/''r': .""1941
■
150,655
»*
Power
Years^—
Operating revenues—electric
Operating expenses and taxes^_-._...^w.^—
-'.TV-1/'
V>'.
479,264
Operating incomeOther income
t
Missouri
Calendar
;■/'-V-jV H\rv;*
advantage of its security holders, its employees, and the public
it serves.
Such a plan would not contemplate a,ny reduction
of the principal or the interest.
-L'The company,'' he continued, "is currently earning .the interest on
the maturing bonds more than twice over,
after taking care of all
other fixed charges,
indicating that it is in need of only temporary
relief,"
$831,215 r
„
Taxes
which
,
1942—Month—1941
revenues;.^..—
Ry. oper. expenses
great
-
Razor
Eastern Massachusetts Street Ry.—Earnings—
v
H., told the committee that the company cannot meet the 1943
maturity and desires to carry out an adjustment.
The management,
he said, believes that "if this bill is enacted it will be able to provide
for its 1943 maturity under a sound and equitable plan, to> the very
v
Duplex
now
securities;-w*•*
D.
Durham
,
pending in Congress would extend the jurisdiction of
Ith* original Chandler Act to non-carrier corporations liable on railroad
A
1833
V J.
•
from
Corp., and Nation*!
corresponding week diiririe
follows:
as
,
'
•
/'
.
Thousands of Kilowatt-Hour*—-L
'
Int.
general
and
refunding bonds
Int. on equip, tr. ctfs._
on
•
60.990
242,111
245,153
1,313
60,374
—
2,260
6,582
Eastern Shore Public Service Co.
•
Gross
'
•
Balance
—.>..,-,1—
''*■
"Deficit.—V. 155, p. 636.
*$38,939
$286,400
$24,394
$189,438
.12 Mos. End. Mar. 31—
v
operating
(& Subs.)—Earns.—
1942
k
..
$3,315,262
revenues
Operating revenue deductions and> taxes
common
pari share
This
cents on Dec.
on
the
payable
$1,
with
Net
rent
stocks
amounted
Electric Boat Co.—-New.
Net sales .-.--...-..---..--i.--.'----.---—• $6,763,269.
Profit before est. Federal income and excess profit taxes...
1,341,575
Estimated Federal
Estimated Federal
?
excess
surtaxes
$251,823
$0.85
——
———-~~~~~~
in
a
for
Eastern Shore
of
bonds,
mortgage
Maryland further proposes to issue $1,750,000 first
series, due 1969, and 4,500 shares of common
marva
Power,
per
and
of
off
1941
,
Net
revenue
Net
1940,
2,494,352
?
2,115,437
(Dr)__—-—
Fixed
available'for fixed charges-,————
charges
....
...
ASSGtS*""**
^
>
-
»•*
'i
-
Deferred
1
$637,485
$283,710
'
r>*'
\
,
.
(including cash, $531,002).
Unadjusted debits
;
Ww
t,'' *,' Liabilities—
—
.
'
other
expense
-
debt
—
income
;
;——^...
——;
Additions to
*$76,239
1,139
59,841
$229,989
5,034
82,373
.........
—.
property through income and surplus
———....
common
stock.
as
He
Lines,
"Federal
———
"
same
*$134,941
$152,650
*$387,880
r
statement
.
Officers
at
elected
the
President;
—
subsequent
Oscar
F.
.■
......
.
.
directors' meeting
Willhelm, Vice-President
oper.
Int.
inc.—net
and
Wasey & Co. of
account.—V. 151, p. 413.
New
York
301,413
4,331,558
562,711
6,827,113
7,013,430
/548,455
6,720,603
.
$1,344,528
loss
6,891
amortization.
$1,324,644 $17,151,963 $16,977,900
617,245
7,327,322
7,553,303
591,917
$745,720
$707,399
preferred stocks, declared
on
$9,824,641
223,327
158,377
2,502,164
$165,424
$247,581
$2,442,109
$852,983 $10,550,504
5,151,449
454,779
415,297
31,727
40,688
—
9,299
12,979
152,660
1,583,970
...
pref.
divs.
earned
but
not
declared
Balance
Amount
Total
consolidated
Fed.
Amortization
owned
City,
the
$260,560
$2,594,770
of
by
disct.
applic.
to
bonds
of
$5,394,593
58,903
65,499
774,900
$195,060
$1,819,870
in
Miscellaneous
36,656
35,937
435,636
434,697
202
867
14,831
12,480
deduc
$78,961
————
div.
V.
...
$158,255
Balance
Bal.
Divs.
51,627
agency
-
f
'
:
E.
Co.
—
-
'
*Vv'.
Balance
77,652
77,652
.....
:
Applicable to
$1,291,750
minority
a
Prov.
"
...
620,797
$4,624,671
2,258,510
$1,549,417
Non-subsidiary
applic. to E.U.A.
income
cos.
above
$1,271,603
309,824
;
Debt
disc.
Net
Div.
'
$1,549,417
&
avail,
for
require,
$1,581,427
interest-^
;
fin
$1,859,241
156,727
on
div.
requirements...
4>/2%
prior pref. stock
...
avail,
for
dividends &
Statement
12
Months
surplus
Ended
March
$1,424,700
31
Dividends
from
Dividends
from Fall
subsidiary
River
companies
Light Co
'Balance
per
avail,
share
•Before state
to
of
6%
6%
taxes
on
pref.
pref
stock
dividends.—V.
$1,703,838
of
1941
309,824
which
$1.48
estimated
an
estimated
step
rates
of
1941, $177,608; for 12 months,
for unearned
cumulative
preferred
1942, $3,055,'
'
dividends of
its
preferred
dividend
credited to
requirements
reserve
for
for
the
a
period
depreciation in value
of
section
11
sources
1
of
case;
income
Interest
report is
$1,842,591
41,034
capitalization
taxes).
86,156
73,912
well
______
27,555
$1,687,188
1,371,265
dividends
paid.
.
197,383
>
276,335
Engineer's
"Loss.—V.
•$58,672
155, p.
1406.
$39,588
as
chart
(5)
and
rate comparisons of
subsidiary
of properties.
map
compendium of information
system
in
and includes complete
information
regarding
the
the parent company.—-V.
Erie RR.—Cash
Guy
the
regard
to
the
entire
of
T.
155,
p.
financial, statistical
subsidiary companies
1677.
and
as
Payments Taxable—
Helvering, Commissioner of Internal Revenue, has notified
that holders of its predecessor's securities who received
company
$45,
Balance
,
a
40,455
$2,094,835
$5.60
—
1941
parent company income;
1,371,272
604,161
(including
of
companies; /•(6) corporate
$1,509,983
Taxes
company's annual
mailed to stockholders and others on April 22earnings; (2) comments regarding Engineer's
(3) orders of the SEC to dispose of properties;" (4)
was
Discussion
43,014
$3,203,565
1,108,730
155, p. 1509.
on
Attention is called to the following features of the
(1)
$1,666,710
2,689,244
$4.52
allowing
minority interest
report,
$1,532,767
309,824
Expenses
$1,691,879
1942, $425,467;
excess
The
Convertible
Earn,
based
are
and
investments in subsidiaries.
(Company Only)
$1,356,886
\u-.
El.
4,310,125
1,108,729
$1.24
taxes
surtax
155,402
2,012,772
$2,800,608
1.
expense
and
subsidiary company.
3&9,824
1942
2,541,226
597,781
tax
Annual Report—
1,300,000
Interest
normal
for excess profits tax to provide for
anticipated increased
existing law.
The amounts shown above for Federal income
include provision for estimated excess
profits taxes as follows-
February,
less
Total
Expenses, taxes and
for
713; 1941, $369,386.
Associates
as
income
2,285,192
to 70%
35%
i-Before
Earnings of sub.
Federal
$2 819 297
taxes over
taxes
Utilities
1942
$5,104,489
$2,366,161
stock and
common
for
of
45%
23,743
$1,271,603
Eastern
1941
4,692,140
i
$5,104,489
subsidiary company.
of Engr. Public Serv. Co.
pref. stk. of Engr. Public Serv. Co
"Accruals
$1,573,160
20,146
interest
Applicable to E. U. A
of
2,746,825
depletion
for tax contingencies
$5,453,567
349,078
—
applic. to stks.
on
rate
$14,678,580 $12,819,867
year
&
102,714
:
surplus
Earnings per share of common stock
•
directing the
1942
' 56,760
118,124
$5,722,066
sources———
—
Balance for
$1,650,812
$1,369,402
"
deductions:
G. &
184,809
-
476,598
—
JEarnings of
income
7,574
151,369
$5,245,468
Total-
Charles
charge
$5,101,710
6,353
$2,097,990
accruals
reserve
Gross
B.
20,010
sub.
parent—
———.
$2,886,959
788,969
$115,820
—
Balance
income
taxes, current
$5,121,719
27,548 |
Earnings from subs., incl. as deductions above:
Preferred dividends declared—.——.
•Interest-
v
Deprec.
$6,542,264
1,420,545
applicable to minority interests.
tBalance applicable to Engineers Public Serv¬
ice Co.
;
54,880
$174,723
income—net
Eastern Gas & Fuel Associates—Earnings—
12 Mos. Ended Mar. 31—
,
2,682,333
$7,006,111
$5,422,141
Balance
$2,832,079
oper.
Retire,
Pref.
$9,424,597
2,818,530
Expenses and taxes
$74,741,028
3,849,982
6,411.960
3,235,043
6,134,212
$1,327,422 $17,180,597 $17,135,355
2,778
' 28,634
157,455
$1,337,637
Cumulative
1942—12 Mos.—1941
revenues—
$894,574
465,133
—
Income
;
,
451,941
596.183
596,183
revs._
Balance
(& Subs.)—Earnings—
1942—Month—1941
-—
—
Balance
26,323,028
1,508,277
19,504
were
.
1942—12 Mos.—1941
$4,956,996 $66,362,807 $57,822,433
.1,765,054
24,289,506
21,055,1881
389,040
Balance
$9,427,057
4,601,888
397,619
1,595,469
revenues
Non-oper.
450,519
Mr. Henderson states that the advertising program for both DurhamDuplex and Enders Speed Razors will be expanded under the direction
Erwin,
bv
Subs.)—Earnings^
571,390
Earnings from other
production; Charles Gruning, Secretary and Treasurer; Duncan H.
Henderson, Vice-President in charge of sales of all Durham-Enders
products.
of
defined
as
operations of Eastern Steamship
covers
(incl. inc. taxes)
Net
meeting it was voted to change
the name of this company, maker of both Durham-Duplex and Enders
Speed Razors and blades, to the Durham-Enders Razor Corp.
The
meeting also resulted in the election to the board of directors of
Sidney W. Edlund.
Campbell,
restrain
liquidating
limiting the operations
775,520
taxes-
taxes
Net
stockholder's
annual
a
9,000 shares of Elfectric
that the distribution to
charged
2,044,582
income
Other
Inc., and subsidiary companies for the month of March, 1942,
three months ending Mar. 31, 1942, and comparisons with the
periods in 1941, after depreciation, interest, rentals and local
Taxes
Durham Duplex Razor Co.—Changes Name, Etc.—
recent
to
plan for dis¬
of
owner
$5,721,243
;
Depreciation
and for
Balance
the
as
company
—V. 155, p. 1752.
At
any
stockholders
1942—Mpnth---194l/
.
revenues
Operation
*$217,338
5,102
175,644
Interest & amortization
Total
Operating
992,962
——.....'
Deferred liabilities
Unadjusted credits
Distribu-
take steps under the Public Utility Holding Company Act to transform
the company into an investment company rather than a regional hold¬
$2,180,479
2,397,817
$103,371
above
Maintenance
196,737
250,000
23,000,000
—
unmatured
liabilities
Current
Share
Dividends
Operating
$12,000,000
10,000,000
Long-term debt in default
Non-negotiable debt to affiliated companies
:
on
Court
carrying out
preferred
:y.
"Deficit.
Note—The
Operation
—
aid of. construction
in
Funded
$860,785
630,796
Eastern Utilities Associates
-
/
Preferred stock
Grants
to
Engineers Public Service Co. (&
capital gains or losses and other
non-operating adjustments.—V. 155, p. 1509.
$74,741,028
——
—...
————
company from
assets
Period End. Feb. 28—
taxes, but before Federal income tax,
146,035
25,827,371
———i.
——i———;
■
stock
Common
in Supreme
132,224
•..—
————
$810,596
886,835
$127,543
3,235
27,407
Period End. Mar. 31—-
Total
Co
a desire to continue the
payment of excessive
salaries to themselves and their business
associates.—V. 155, p. 918. y:h
1942—3 Mos.—1941
$269,088
141,545
income
Net
,
1,198,935
—
Profit and loss—
&
Other
100,502
'.
J?, 1 has
N.
Insurance
preferred, stockholders, proposed by the SEC, violated the New'York
stock corporation law, and that the directors and
officers had failed to
(& Subs.)—Earnings—
1942—Month—1941
Operating income
.
assets
officers of
certain
31, 1941
Other investments
.
of
plaintiff, Samuel Okin sued
Bond
>
Operating revenue
Operating expense
—
-
12' for a hearing on the application,
order also set May 12 for hearing on application
of Delaware to issue new note for $1,000,000 to pay
May
Period End. Mar. 31—
.
919,163
....
assets
Bayonne.
-Stay Sought
New York
Maintenance
Investment in road and equipment
$45,628,034
Sinking funds
——
»«.■*.;*.——:.
7,075.
Deposits in lieu of mortgaged property sold
—
92,646
Miscellaneous physical property
103,326
Investments in affiliated companies
1,504,881
Current
and
The
$281,678
919,130
....
General Balance Sheet, Dee,
•
and
dividend, and from carrying out any plan for
the company to those of a
regional holding
the Public Utility Holding Company Act.
Company filed April 27 with the Securities and-Exchange Commis¬
a
proposal to issue to the Chase National Bank a new 3% note
$1,000,000, payable in two years, on May 20 to replace a similar
note falling due on the date.'
The new note would be secured by the same collateral as applied
Other
Net deficit
Croton
of
and Eastern
note of like amount maturing May 20, 1942.
a
filed May 4 in
was
tribution
-
the old—$1,100,000 of Eastern Shore's first mortgage and first lien
bonds, series c, 5^/ due Sept. I, 1946.—V. 155, p. 1598.
1,955
$635,420
———————.
........
separate
set
Eastern Steamship Lines, Inc.
$279,723
railway operating income...—.——-
Income
in
has
and the parent of Delmarva
suit
directors
4%
/ to
$504,872
225,149
245,432
——~—
$627,466
Other income (net)«~.-_.~-—7,954
;
bonds,
mortgage
sion
$2,620,309
$872,898
—
Net rents and taxes
-
first
(
-
'
at
Connecticut General Life
for
$3,367,250
-
Operating expenses
4
plants
1
with the
ing company, because of
——;
...
of
$1,750,000
To Renew Note—
1676.
Years—
.
Commission
of Eastern Shore
amounted to $541,868, compared with $631,717 -in
in April, last year.
For the first four months,
production totaled $2,404,657, against $2,609,856 in the same
revenue
of Delaware,
Maryland. *
Shore
Eastern
Shore
$651,835
Calendar
Gross
of
due 1969, and 18,000 shares of common stock, stated value $25
share.
All of the securities of Delmarva are presently owned by
'
Duluth South Shore & Atlantic Ry.—Earnings.
consisting
A
series,
Output in April
155, p.
a
tion—
(par $100).
The bonds and stock will be issued to Eastern Shore
Delaware in exchange for all of the outstanding securities of Del¬
of
Dome Mines, Ltd.—Production—
this year,
contract
a
the
Electric Bond & Share Co.-
4%
stock
The
period * last year.—V.
hou.-*.
underwriting of a group hospitalization plan and is
presenting
the plan to employees for their
acceptance.
If accepted, it will be
on a
contributory basis, part of the cost being borne by the
company
There are approximately
10,000 employees in both plants, it was said.
—V. 155, p. 1598,
.
and
company,/ with
negotiated
program
•
March
President, etc.
liabilities of Delmarva Power Co.
earnings
for the same period of
1941 of $358,354, or $1.28 per common share, after estimated Federal
normal income, surtaxes and excess profits taxes of $521,335.
;
H. H. Doehler, Chairman of the board, states:
"The outlook for the balance of the year indicates full capacity pro¬
duction.
We are now operating at the rate of about $3,000,000 per
! month which we hope to bring up to about $4,000,000 per month. This
is partly due
to expansion of our Batavia plant but mostly due to
three shifts, 7 days working schedule.—V. 155, p. 823.
The 1942 net profit compares with
step
a
15J7
I?
looking ultimately toward the merger of
Eastern Shore Public Service Co. (Del.)
and its Maryland subsidiaries
into a single corporation, Eastern Shore Public Service Co. of Md. in
an
application filed with the Securities and Exchange Commission
proposes to acquire all of the assets and assume all of the current
911,869
profits tax
Net profit after all taxek..
Earnings pe?common share.,.:.
As
1$'5
Hospitalization P] an—
This
Files Merger Step-
.
177,882
—
income and
normal
'
14,312
cur¬
period and $215,572 for previous perlodi
Earnings for Quarter Ended March 31, 1942
'
10 297
-
'presi-
$361,131
$215,571 for
to
'''4 4
6.071
01,381
Xawrence Y. Spear, formerly
Vice-President, has been elected
dent to fill the position left vacant
recently by the death of Henry R
Carse.
H. R. Sutphen,
formerly Vice-President, has been made Execu¬
tive Vice-President and John
Jay Hopkins has been made Vice-President,.
524,502
$303,308
...
preferred
on
105,693
Light Co.
66,316
figures do not include the system inputs of ansb,com¬
panies not appearing in both periods.—V. 155,
p. 1752.
$885,633
>.
534,557
income
Note—Dividends
Co.—Earnings—
AmounV
139,539
•
76.613
The .above
9,189
,.$837,865
J
^National Power
1941
145,610
v
$876,444
:7,468
deductions
1942
Electric Power & Light Corp.
2,222,910
.
$830,397
(net)
income
Income
22/ 1939.—V. 149, p; 3870. '
Doehler Die Casting
income
Gross
May 15 to holders of record May 5.
15 cents per share paid on Dec. 29, last, and 25
stock,, par
compares
'
Other
$3,099,354
2,484,865
Operating income
Dividend—
Detrola Co., Detroit, Mich.—10-Cent
The directors have declared a dividend, of 10 dents
1941
.
Operating Subs, of—~
•American Power & Light Co.
income
the
bonds
company's
taxable income.
and
$5
dividends
reorganization
...
on
should
new
treat
preferred stock as part
the cash payments as
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1834
Offers
Florida East Coast
Exchange for Greenwood Lake Bonds—
The company announced April 25 that It has offered the holders
the New York & Greenwood Lake prior lien 5% bonds, with May
of
bonds
being
deposited
the
by
exchange
which will
date,
be
'
.
.//..IV
•
.-ft
V
V
4,521,466
1,686,974
income—
1,297,773
—v. 155, p. 1598.
"//ft
4,098.355
1,630,551
1,136,246
3,804,913
1,415,783
1,030,948
The
This
j.
includes
Association,
Growers'
15$, p. 696. • -ft / *.•' *•
Financial
subject
are
,
Position—
"*•
Period End. Mar. 31—
$1,602,750)
Investments
Metal inventories
cost
at
40,097
32,732
2,558
2,267
.'ft Railway oper. income
$17,768
$15,519
payable
payable
payable
—
—.
assets
per
as
power supply, $74,959; refinery supplies,
less payables and taxes, $55,755; net assets,
{p. 1212.
fixed
•
•
,
$311,957
32,638
9,375
$1,018,450
97,915
28,125
Mos.
profit
Divs. paid—pref. ser. Aft
Preferred, series B__
:
—-
198,360
595,080
593,901
•
Common
7
Balance
to
$3,147,593
58,576
77,850
2,037,879
Comparative
•
.
$297,331
from
Notes &
/
employees—
receivable,
accounts
31
Furniture
&
Deferred
fixtures
charges
u
!+"•
Liabilities
•_,*•/ ■:\*
./>*..-/ .-\Y
'
Dividends
Accrued
taxes
Income
—■
issued—.
certificates
10
series
B
stock
Common
r
surplus
surplus
Capital
Earned
I
$1,238,251
$216,822
$240,098
———
599.
p.
Farr Alpaca
41,500
36,500
$175,322
$203,598
notes
on
inc.
profit
$360,251-ft
ft:
declared
on
dividend
a
6%
the
income
on
notes
March 31,
preferred
of
$3
is
based
on
the
SEC—Officers
Not
Prohibited
April
8.
U.
27
of
909,149
2,901,397
1,786,985
^
ft
An
order
of
the
SEC
by
the
profit
court in
a
two-to-one
a
/
on
: ft.-ft-..
%
Period EiuL
Apt, 26—
Bales
V. 155,
1542—Month—1941
$463,717
p.
1510.
$409,048
Add.
to
the
that
$1,254,270
155,
market
on
1511.
p.
Pearl
than
Harbor
before,
even
and
the
with
end
of
quarter of
more rapidly
the complete
January, net
1942
amounted
fact,
war
the
effort
proportion of the corporation's productivity
is larger than the figures indicate, for the
in
certain .categories of commercial products there are
materials essential to the war effort which are not directly
ration's
"Net
the
433,732
such.
as
is
the
of
quarter
$649,192,619
indirectly, about 90% of the corpo¬
currently devoted to war purposes.
corporation and its consolidated subsidiaries for
Directly and
production
sales
first
with
67,270
of
this
for
year
the
amounted to $439,336,580 as compared
quarter last year, a reduction of
same
'
$5,330,045
11,674
$5,341,719
"The
$2,247,915
ft':ft,ftftftftft
,
the first
dollar volume for
subnormal in
relation to
quarter of 1942 may be considered
reasonable expectancy for the year.
This is
primarily because of the sharp reduction in volume of commercial
products from $592,573,451 to $181,857,209, and also because a corre¬
sponding increase in tha deliveries of war materials, even considering
the rapid progress made, was unobtainable during the first quarter
due to the fact that new plants under construction had only in part
come into production, and due to the time necessary to adapt existing
capacity to the war effort and the preparatory work required for
reecntly acquired orders,
ft
"In order that the stockholders may have some idea as to the gen¬
eral trend, it may be said that the production of war material can
reasonably be expected to accelerate through the balance of the year
to the point where, if we assume no interruptions in production due
to causes that cannot be foreseen, the aggregate value of production
26,178
486,367
$4,855;352
21,349
—
*
"
.
$2,274,093
235,404
$2,038,689
-ft; 26,879
$4,876,701
——
:ft"
$2,065,567
74,375
'
*
state
for
taxes
paid
excess
profits
on
bond
tax
&
65,931
80,717
interest-
rev.
36,031
1,155
—
surtax
710,000 ft
tax—
in anticipation of
prov.
469,000
2,460,000
act of 1942—
479,000
the year will
recalled that
ft for
614,000
be
Net
income
ft
$946,052
155, p. 1599.
If
volume.
$1,006,006
all
a
General Electric
Co.—Earnings—
ft-
Orders received
Net
sales
ftftft'ftft"'
—
billed—
V\L "ft
^
Income
Income
from
from
..ft'/:..
charges
v'
Total
other
income
Prov.
for Fed.
Prov.
for
n
—
inc.
on
■
....
(net)—
income-
;
-
.
new
be
an
all-time
And it will
<
record
embracing
achievement
for
it
as
dollar
does
which
with
will
have
every
reason
to
the
the ft
be
the first quarter of 1942, and as a result of the most
continues to show sharp acceleration.- Net sales of
during
ously in production and,' second, deliveries of additional items which
have now reached the production stage.
In a number of important
production is several months ahead of original expecta¬
classifications
4,000,000
tions."
18,000,000
(Included in the $181,857,209
'
_
will
it
a
accomplished,
items during the first three months of 1942 amounted to
$257,479,371, representing a 62%
increase over the previous three
months' period and nearly five times the volume of $56,619,168 In the
corresponding quarter a year ago.
This greatly expanded war output
results from, first, a steady increase in the delivery of items previ¬
33,377,969
8.000,000
profits taxes—
be
military
2,181,876
55,329,774
37,000,000
ft
r
and excess
31,196,093
1,965,422
—
established
can
vigorous efforts
,
■
V
53,364,352
sources
contingencies, incl. possible additional
Federal taxes
.
''ft"4
sales—
levels
1941
$ ft : v.
$ ftft-ft
299,120,000 257,382,000
ft-iftft* 190,861,108 129,860,707
137,496,756
98,664,014
*
1941
gratified.
Likewise .it
will make a most important contribution to victory.
' ft:
■
"Production of war materials by General. Motors- reached new high
>
ft
1942
probably equal that for the year 1941.
this
change-over,
of
period
...
..
3 Mos. Ended Mar. 31—
total of civilian goods produced in the
quarter of this year were the automobiles produced in January,
household appliances for, civilian use, Diesel locomotives and
the spare parts being manufactured, under Government direction, to
service cars and trucks in an effort to protect existing transportation
facilities.)
/-ft '/ft/ft ftft'ft'
v'"/ 'ft/-ft- '
During the first quarter Of 1942 there was an average of 261,381 em¬
ployees on the corporation's payroll as against an average of 299,549
employees for the corresponding quarter a year ago.
However, payrolls
disbursed lor wages and salaries during the first quarter of 1942 totaled
first
trucks,
the
its
the
the
1942—4 Mos.—1941
$1,475,309
production
war
matter of
a
directed
-
1941
ft;
147,509
content of sales
income
Provision
•
.
Ine^-April Sales—
31, 1942, based
share,—V.
January the percentage of war materials showed still further Increases,
ft As
Profit available
/
for
dividends——
10,329,774
11,377,969
$0.36
—
$0.39
Earns, per share on 28,845,927.36 shares issued
—V.
155,
p.
1678.
■
decision.
(M, tty Whitman
$3.58 per
or
; first quarter of 1941 to approximately 40% for the period under review.
Following the cessation of passenger car production at the end of
$2,748,918
470,280
befefre depre. & metal profit
copper
\ ft. ft
Federal and
share on account
payable May 15 to
order, said there was no contention that the officers
or directors had
done anything unfair, but explained it wanted to
establish a new principle of corporation law.
tw&to# f>. Lawrence Ofmet, to the court's majority opinion, held
them wait
pwjftihftfow to the law under which the SEC operates
agatosf officers and director* of a corporation buying stock at any
ttosfc.
Juatic# Smtm
dmenitd, asserting the SEC was right
to fto standi—^ 154, % UM,
$1,562,376; unrealized depreciation of securi-
Motors activities since
on
stockholders
The SEC, to It*
total,
"For the quarter as a whole," Alfred P. Sloan Jr., Chairman, stated,
"nearly 60% of the corporation's total outside sales represented war
materials in various categories.
This compares with 9% in the corre¬
sponding quarter of a-year ago.
Putting it another way, sales, appllcft able to commercial products declined from 91% of the total in the
classified
$5,947,834
a
of
$14,742;
.
included
Provision for Federal normal
—
Court Rules Against
from Buying Securities
plan
brokers,
'
ft
1942
operating profit
ft Other income (net)
Total
reorganization of
Federal Water Service Corp, conditioned upon a requirement that
officers and directors sell back the stock they had bought to
company at the price paid with
4% interest was reversed by
approving
due from
$1,195;
suspense,
ft
Corp.—Earnings—
/ Interest on first mortgage bonds
Amortization of bond premium & expense—
SEC.
books
per
$23,229,991 as compared with net income of $64,598,337 for the
quarter of 1941, a reduction of 64%, it is disclosed in the financial
ft statement for the first quarter of 1942.
equity in the profits of Dominion Envelope & Cartons (Western)
its subsidiary.—V. 155, p. 1012.
•,••;•
- •
Net
of
consideration
(cost,
prices
in
ft
Appeals for the District of Columbia ruled
officers and directors of a corporation were not pro¬
buying stocks in the company while a plan of reorganiza¬
under
was
in
market
quoted
$403,000; preferred stocks, $415,209; common
bank, $28,0S1; accrued interest on bonds,
cash
passenger car production at
available for dividends for the first
income
statement) amounted to $83,440 after provi¬
for Dominion, and
Provincial income
taxes
and
profits tax.
These earnings, however, do not include
excess
operating profit
Provision for depreciation & amortization—__
that
hibited from
tion
Court
//'ft
ft first
of the Canadian subsidiary for the three months
expressed in Canadian dollars (which are not
During Reorganization—
The
bonds,
at
ft to
above
Costs, expenses and other
Service Corp.
Federal Water
owned
of
cessation
$114,000
per
stock,
On Aug. 2, last year,
$24,252
General Motors Corp.—First ,Quartet Report-—
concentrated
1942,
the
Net
distribution of $1.50
per share was
made on this issue.
Accruals as of Jan. 1, 1942,
amounted to $20.50 per share, it was said.—V. 105, p. 1712.
May 9.
$1,955,599);
V/ith General
tlncluding United States subsidiaries
interest
of
payment
in
/
have
record
4,043
$23,880
..
capital expense.
or
value, amounted to $1,488,894,
Federal Chemical Co.—Accumulated Dividend—
directors
/ $22,753
Note—The net assets of the trust at March
48,665
taxes
Net oper. profit,
Co.—Final Liquidating Dividend—
accumulations
ft $28,295
6,455
statement excludes realized and unrealized gains or
securities,
account
§$35,785
int.
.
—V.
holders of
/
$209,856,039.
•
The
above
$30,335
,
3,911
5,300
for
profit on sales..——
Selling, admin. & general expense
Other operating charges (net)
According to the final decree, signed by Judge Edward T. Broadhurst
Jn the Superior Court, there is a reserve of $57,340.55 for a final
dividend In liquidation to the company's stockholders. This is equal
to approximately 41 cents per share on the 140,000 shares of capital
stock.—V. 153, p. 548.
of
—
ties owned, Dr$493,003; undistributed income, $4,425; dividends payable,
$24,876; accrued miscellaneous taxes, $164; unpaid dividends on shares
in escrow, $1,205; reserve for Federal capital stock
tax, $360; reserve
for contingent capital liability, $686; total, $1,516,185.:
.
period bef.
int. on
General Cable
$24,161,569 $18,790,336
Total
—V. 155,
on
$26,666
—
ft-ft
$415,096; capital surplus,
v
for
Quarter Ended Mar. 31—
1,740,710
500,000
6,350
ft
575
Liabilities—Shares of beneficial interest (par $1), 415,098 shares out¬
standing, of which 502 were held in escrow for exchange of certificates,
is obligated to declare interest to the extent of the cur¬
year's earnings as so determined, but not in excess of 6% on
principal amount of the notea outstanding.
The interest at 6%
such notes amounts to $284,874.
SLoss,
<
/ft- v,
Net
$21,945
■
ftft$l,516,185.ft/:r:-ft::ft;ftftft:^::ft^'ftft/;■ y
Limited and
71,991
1940
6,660
divs.
.
$644,388;
$18,180
"8~7~8~,600
for
sion
362,390
3,549,400
19,132
stock
—
$9,590;
9,750
included
$240,373
6,400,000
308,809
1941
$23,675
7,012
.Balance Sheet, March 81* 1942
directors
its
of
Assets—Securities
1939
3,000
$387,250
158,427
Gross
2,896,006
1,980,536
-ft
i
—
-
tl940
$406,987
154,139
9,750
ftended
ft
1942
$19,073
—
——_
sale
stocks,
2,250
Note—The earnings
6,800
1,000
194,039
82,651
ft
———„—
Note—The
losses
reason
500,000
909,149
;
;
income
Net Income
earnings as defined in the trust indenture covering the com¬
40-year 6%
income notes and such earnings cannot be de¬
until the result for the current year is known.
The board
on
:ft'-
'
Corp.,
dividends
from
was
rent
1,777
31,
1599.
p.
/.ft
defendants in
bonds
on
Expenses
JThe
the
ft/ft /
Louisville—
9,750
$1,443,076
193,575
"Includes excess profits taxes,
of
155,
General Investors Trust—Earnings—
Louisville
tl941
tl942
March
on
none.—V.
Investment
3 Mos. End. Mar. 31—
annual
**•
,.
General
Interest
Co.,
at
inventories
502.
p.
termined
year
Preferred
-
Court
of
(estimated)
ftft/- 'ft ft' .ft ft'ft ft'ftft,ft//ftftftV ft/ftftft ft
General
individual
13
Income—cash
only.
3,549,400
contingencies
2%% debenture.—..
3,400,000
Preferred series A
————1,740,710
for
Reserve
Circuit
value
none—1941
making the settlement offer the defendants denied liability.
Indi¬
defendants joining in the offer included George E. Devendorf,
Stanley Glines, Louis H. Seagrave and Lawrence P. Carron.—V. 155,
;
1941
118,444
491,691
4,577,672
27,188
—
—
.—
(estimated)—_——
taxes
.
$240,373
6,800,000
355,738
124,062
payable
Notes payable —
I—Employes thrift accounts
Sinking fund payment & accrued int. thereon.
Investment
t
American
the
Total
Brewing
ftft/..
market
over
In
'
306.
p.
cost
(estimated)
was
<
1,500
Net
r
' $24,161,569t $18,790,336;
Total
155,
$0.83
vidual
"$5,482
9,750
Dominion
.
*$2,125
(
co.
Provision for
$2,095,868
12,858,800
231,019
——
...
$2,012 ft
^
the
in
31—
Mar.
bonds of sub.
pany's
1,183 ft
8,275
.'/■//•■ 50
316,530
value)
(deprec.
38,186
Kentucky
-
depreciation.
provid.
ft:;////;-/ 'ft./::/,
—/-/ft'
miscellaneous
2,444
38,136
below—V.
Co.
inc. notes & inc. tax
$214,844
.
•
..Due
899
$3,886
98,799
28,125
x
(Including Wholly Owned Subsidiaries)
'/ Assets—
f
1942
ft Cash on hand and in' banks
/——
$2,159,986
/Notes receiv.
(chattel mortgage)*.*.
16,866,854
Notes receivable
(investment certificates)
4,577,672
Restricted cash On deposit in banks—*.:
1,863
on pref. stock
subsidiary co
Profit
300,444
362,390
493,040
March
Sheet
Balance
Dr 1,391
$255,270
205,768
21,572
on
of
1,490,514
353,766
$71,584
$106,579
surplus,.
chgs.
filed
been
End.
for
Prov.
Net
$38,455
"ft..
ft
Amerex Holding Corp., Trinway Corp.,
an accounting suit
brought.on behalf
Corp.
'
The suit, brought by stockholders and by General Investment
Corp.
itself, charged conspiracy by the corporate defendants or their predeces¬
sors and by former directors and officers of General
Investment, and
alleged losses to General Investment of more than $50,000,000.
Dividend
o' $935,669
___
Income taxes
by
of
$34,965
(Robert) Gair Co., Inc. (& Subs.)—Earnings-
Int.
$346,952
32,638
9,375
23,386
722,384
120,620
•'•
168,750
'
$0.49
Justice Philip J. McCook of the New York Supreme Court on
April 24
approved as fair and adequate a settlement offer of $1,375,000 made
'
1942—9 Mos.—1941
198,360
Operating charges
Operating expenses
Income charges
:
ft
-
12,713
155, p. 1599.
Aircraft
has
Prov.
$3,980,985
$4,502,928
168,750
General Investment Corp.—Court Approves Settlement
892
Profit
$1,089,403
16,167
518,307
102,881
140,092
$1,394,828
$15,625
>
of
excess
1942,
seeking ap¬
pointment of a receiver for the company by Hiram Wilhoit, State
/Banking Commissioner, and Edward C. Gallagher, liquidating agent of
the People's Bank of Louisville.
The petition sets forth that the
liquidators of the People's Bank hold $85,000 worth of a $150,000 first
: mortgage bond
issue on the brewery company property.
available: Cash
181,486
collected.*
income
fixed
Solar
Suit
Corporations)
1942—3 Mos.—1941
Period End. Mar. 31—
Gross
The
Receiver Sought—
$98,852; total, $1,395,514;
$1,339,759.—V. 155, p. 1212.
••
*
Subsidiary
Owned
79,107
$2,737,481
—.——————
Proceeds
3
Wholly
profit
jftftftftft; :.ft,v- ftft: ft/ ftft
-
Family Loan Society, Inc.—Earnings—
(Including
surtax)
"Including
proportionate share of profits
(or losses)
of
subsidiary companies not consolidated.
tProvision for possible - inven¬
tory writedowns and other contingencies including additional taxes.
;
12,706
charges
after
see
receivable, $212,635; metal inventories at cost, $1,009,068; deposit
re
(including
profits tax-.
.
Ford Motor Co., Detroit—Sells Iowa Plant-
$6,394,953
$6,390,098
information
1,147,446
excess
•
311,130
269,074
v
1,537,761
S.
tax
for dividend on preferred stock—'—
profit per common, share outstanding
(5,251r440 shares) -ft—ft——-ft—
$35,436
2,732
from inc.
deducts,
'Deficit.—"V.
87,598
179,995
53,540
—
items
Norwegian
are
110,254
,
—
__
"Included
and
626
-
$17,485
ft ft Frankenmuth
——■.——
$7,267,242
U.
E.
.
4 ;
Accounts
Taxes
income
Misc.
$7,062,756
*$6,733,887
-
,
115,732
7,766
Dr520
ft
435
-
income
Inc.
—
.
-■
,
.
2,168,292
Net
$139,565
97,611
6,988
$39,398
Dr2,121
1,178
£>r718
rents.
Other
74,959
358,625
Current liabilites—
n
$9,041,023
income
and
191,655
74,959
494,985
.
$7,044,933
222,309
————
■
accruals..
Total
2,007,193
ft'.ft
-f
S.
V $210,911'
$162,897
?
'■'<
■
—
Total
$804,405
520,777
72,718
$4,388,799
———
.
>
$308,917 \
$50,519
33,100
2,015,618
companies-—..
Deposit re power supply—
Mill, mine and refinery supplies
Net
^
ift
ft
U.
1942—3 Mos.—1941
$60,424
ry. oper.
Railway tax
$228,160
of non-
1,691,655
35,100
:
associated
in
$1,010,977
614,328
87,733
1942—Month—1941
revenues
Railway operating exps.
170,508
$2,429,996
-
1941 -ft
Note—Charges included in above for depreciation and depletion were
follows: 1941, $43,700; 1942, $42,752.—V. 154, p. 1191."
ftift• ft>"!ft" -ftftftrft;ft'ftftZ 'ft";-'''ft/ !
ft- '■ ft•:; :ft/ft?ft'ftr ftft'; '■'?^ift ft-f?:'h'
(market value of those listed,
Securities at cost
Wages
■'
'
1
ft'/..;
——4——
$8,931,304
109,719
—
ft
—
—1,689,879
Estimated foreign income and profits taxft—
150,371
tProvision for contingencies
' 2,295,000
as
Mar. 31/42 Mar. 31,'41
;
^
'■
•
accounts receivable—
Cash and
operations
Estimated
"Including expenses applicable to non-operating periods (less mis¬
cellaneous income, etc.
t Before provision for Federal income taxes.
Total
$56,304
exclusive
from
•/.
1941
;;ift,ftft'M';:ft-/,v.\\ftft;:ftr'ft:ft;/ft-: ftft-ft'-
■
Profit
Other income—:
*
1942
tNet. profit •—V—-ft-—---
76,000
and
I*
1,570,896
1,117,421
Provision
Total
txsects
Current
audit
to
1942
$55,846,371 $45,249,496
37,641,337
23,580,105
9,273,730
8,624,458
goods sold, deprec.
Net
Net
.J.Net profit ,
Note—Above figures
operating revenue.
Co.—Earnings—
_
1941
$474,668
Depreciation and deferred development
•'
sales
and freight charges
"Selling, admin, and gen. exps. and other phgs
3,675,788
'
Fonda Johnstown & Gloversville RR.—Earnings—
37,000
/•/
for taxes
Cost of
ft
Quarter Ended March 31—
Gross Sales, less discounts and allowances
Cost of goods sold, incl. freight on shipments—
"Selling and administrative expenses—
,
239,044
profit
operating
railway..—
ry. oper.
Florida Portland Cement
'
1942
$332,348
Quarters Ended Mar. 31-rProvision
Net
419,177
Estimated
Falconbridge Nickel Mines, Ltd.—EarningsGross
587,473
.;
Foods Corp.—Earnings—
(And Wholly Owned Subsidiaries in the United States and Canada)
Three Months Ended March 31—
'./.'ft Profit before provision for taxes and conting.
A similar distribution was made to common
last, and in preceding quarters.—V.
!
$1,320,520
.
affiliate.
stockholders on March 2,
an
>
from railway.,
Net
on
Sugar
from
Gross
common
Fajardo
income.*,
Net
May 5 declared a dividend of 50 cents per share
stock, payable June 1 to holders of record May 15.
the dividend of 25 cents per share declared by the
directors
the
railway
oper.
1939
•
•
413,594
from
ry.
Fajardo Sugar Co. of Porto Rico—50-Cent Dividend—
on
-
From Jan. 1—
on
$90 in cash; $500 in
•Erie consolidated mortgage 4% bonds, series B; $250 in Erie general
mortgage 4VSi% income bonds, series A; $50 in scrip for Erie general
mortgage.4ya% income bonds, series A, and $300 par value in Erie 5%
preferred stock, series A, in exchange for each $1,000 prior lien bond
of the New York & Greenwood Lake Ry.
The Erie also is giving the
bondholders the option of receiving $750 in cash for each $1,000 bond.
There are $1,471,600 of the Greenwood Lake bonds in the
hands of
the public.—V. 155, p. 1677.
,
1940
-
$1,261,225
458,261
322,857
Net
1, or some date between then and July 1.
Under the terms of the offer the Erie will give
.
General
1941
$1,411,563
579,583
Net
June
t
1942
$1,721,025
747,714
ft
620,422
railway
from
Gross
<1938, and subsequent coupons attached, the opportunity of exchanging
them into Erie securities.
The offer, which is subject to the approval
of the Interstate Commerce Commission, is conditional upon 90%
of
the
Ry.—Earnings-
March—
1,
Monday, May 11, 1942
>
General Gas & Electric Corp.—Would Dispose of Vir¬
ginia Holdings—'
Corporation applied to the Securities and Exchange Commission
April 24 for permission to sell for cash its investment in $1,200,000
of Virginia Public Service Co. first mortgage and
refunding 20-year
5% bonds, series B, due on Dec. 1, 1950.
The bonds were acquired from Virginia by General in June, 1937,
at a price of 97.
The declaration April 24 did not state to whom it* is
proposed to sell the bonds or the proposed price.
Such information
Is to be supplied by amendment, but the declaration states that the
latest available market quotation for the bonds was
102.—V.
155,
p.
1214.
■ ■
.-"ft
$158,756,859, slightly in excess Of
quarter a year ago.
After paying regular dividends
.
.
,,
(.1
}
.<> '
f
ft ..ft
/IS J
;l
t
'i
t
!■■■
■
•-
ft
<
-
r'
.
i
"f
::
the $157,786,261 total for the firsty
of $2,294,555 on the $5 series pre¬
ferred stock there remained in the quarter under review net income
of $20,935,436 available for the common stock, equivalent to 48 cerits
per
share on the average number of common shares outstanding
during this period.
This Compares with $62,303,782, equivalent to
$1.44 per share of common stock, for the first quarter of 1941.
Net income in the first quarter of 1942 was reduced by a provision
of $5,681,281 principally for post-war rehabilitation and other con¬
tingencies and by a provision of $9,700,000 for deferment of profits
-
r-
f
...
.
j
!
,
•
■'
j;
'/ft-
lj:
:•
' "
.
•
'•
ft'
iv.,.
-
..v
•<.,!:
?
:
I;
....
;
»...•
,
ft- i-ft.'ft/.:
;•
M
-Volume-155
"Provision
In
vision
for
the
for
sold .to dealers In >1942, now -subject to rationing;
United
first
United
and
States
quarter of
States
taxes
foreign
and
income
amounted
1942
:•
"
March
31,
1941.
-its-
<
Net
sales
-
I
—
Total
■■
and
real
of
General
Mortors
Dividends
Corp.'s
preferred stock,
on
of net
proportion
inc.
$5 series
Amount
V
earned
Average number of shares of common stock—:
Amount, earned per common share-
.vv
"The* provision
-
in
■m
tin
for
taxes
and
of
(net)
interest
7$930,804 in 1941).
and
did
to
Note—The
Earnings
foreign
ii\.
i
.
•-
•,
■
„
.
1942
-
•
Earned Surplus:
■;
•..
General
Other
;
&
prem.
Other
517,113,078 535,619,490
j^H'Preferted dividends
Common
294,555■':
dividends
Capital Surplus:
Capital surplus. at beginning- of. period—-—-Cap. surp. arising from adjust, of
value
treas.
stock
Net
distributab'e
500,792,599
at
surplus
March
includes
31,
1941,
$33,811,819
for
net
rates
kisuUi
-.
interest is held.-,
in
:/.v.
-
which
.
Cash
U.
term,
Sight
drafts
Notes
COD
acceptances
Invest,
in sub.
Other
at
—
2,000,227
3,114,131
10,438,093
2,000,815
1,840,947
1,478,036
—
♦Real est.,
154,641
$354,332
$1,171,844
$2.49
104,731,532
119,695,245
66,233,897
17,351,867
117,070,440'
346,879,002
340,323,633
44,004,681
7,030,834
assets
288,945,882
215,913,878
193,521,893
43,245,453
219,760,223
———
41,917,210
-
8,722,825
Sheet
March
7,753,729
'
400,504,680
403,874,456
401,481,434
.21,414,205, 13,800,133
Goodwill, patents, etc.-—50,322,686
50,322,686
—
def.
&
expenses
Total
^
treasury
plants and equip.
estate,
;
chgs.
Due
99,729,821
banks.
8,736,587
1 7,980,865
S.
taxes.,*—...
profits
excess
.
Divs.
„
and
Other
Res.
liabilities
for
Res.
for
24,001,309
24,300,813
General
6,352,514
8,366,880
2,477,296
conting.
& misc.—92,587,312
?Preferred stock (no pa?)—187,536,600
Common stock ($10 par)
;:. 435,000,000
int,
in
pref,
subsidiary —
Capital surplus—
Earned
stock
Total
Other
1,888,613
11,082,869
493,069,043
7
for
reserve
in
155,
1941.
.
." ♦Net
Cash "div.
1,888,613
1942
fAftor
shares
3,726
of
11,380,377
11,354,940
for
reserve
.-
depreciation
and
39,722
in
of
shares
of
tax
-
in
$5
1942;
Investment
1941.
Interest
directors
on
14.
4 declared
May
stock,
common
par
$10,
a
dividend
payable June
421,251
611,338
12,394,738
> 611,338
50
3,510,536
per
of
share
like
of record July 6,
Parts
Suspended
Wilson, President, on May 1 announced the corporation would
suspend the manufacture of automotive service parts of all kinds in¬
definitely until a punitive order against the corporation by the War
WPB
90
Board
Wilson's
Mr.
on
davs
be
properly
was
the
clarified," ;
first
for
>
the
;i:
;
corporation
since
$
April 30 ordered the company to stop making auto parts for
of alleged violation of an order to conserve critical
' '•
•'
Wilson
said
the
':rc,iK
WPB
order,
brought
account
of
minor
violations of certain material orders in one
plant" brings to
the "difficulty of operating the corporation's many
plants under
the
impractical,, confuting
and
contradictory
material
orders
of
various sections of the WPB."
;
head
of
WPB
General
order
Motors
Due
for
Due
for
♦Net
in
Total
of
no
par
,
-
and accrued
213,786
660,010
—^
yy;-':;r:
$16,820,797 $16,722,955
9,543,069
8,669,623
premiums.—
uncollected premiums—
on
for
reserve
in
891,751
contingencies,
incl.
_
;
—
738,854
810,000
300,000
500,000
240,000
Gb'2,000
fluc¬
market value of securities...
——
5,955,639
5,740,651
2,500,000
—
—„7,500,000
—
2,500,000
7,500,000
.
J $44,821,255
—
$42,774,083
399,
1939
$9,575
211,733
166,443
*
$176,018
25,088
19,306
18,665
1,750
1,700
3,274
$177,559
$125,456
Operating
Other
7,966
$120,331
2,342j
$143,379
tl36,080
8135,841
at
value of $1
par
Net
18,108,681
30,045
$16,422
etc"—I
59,672
T
;; 27,414
2,268,750
1942,
amounted
1936
to
tRepresented
696.
p.
,602,419
,694,132
carried
are
$8,20<>.fi08
by
;
-
at
•
90,750
or
no
of
the
the
Equipment
continued
p.
1753.
of
this
Corp.
on
received
corporation
commencing
the list
under
by
been
May
the
new
2,
<4
''
par
'
■*'
'
2,405,282
J,719,032
.
9,996
$4X1,806
Jpy'Xx
$289,794
69,356
-
237,048
1939
$1,903,992
-■
..
$184,960
>tX
5,926
$190,886
'iv.. y;..
y
■■
*46,817
*32,677
249,255 V ). 199,825
144,775
$03,195
$43,153
$13,435
$0.24
v
$77,657
>
$0.11
$0.03
$0.20
154, p.
1492.
Co.-—Pays Extra Dividend—
-
May 1 paid an extra dividend of 10 cents per share
regular quarterly dividend of 25 cents per share on
stock, par $20, both to holders of record April 29.—
Grant Co.
1811.
(Del.)—April Sales—
1942—Month—1941
—
$12,362,608
1942—4 Mos.—1941
$9,804,506 $40,232,398
•
$31,670,113
;
-
lower
less
shares—V.
1942—Month—1941
$4,700,723
—
operation in April totaled
p. 1511.
155,
for
earlier.
'
1942—Month—1941
1942—12
^ .
Mos!—1941
$2,077,222
95,158
1,296,731
1,018,666
16,236
15,273
204,945
183,912
—
21,359
10,600
153,388
118,801
profits
21,019
7,000
99,918
22,900
18,750
1 5,833
198,750
1 89,999
$41,418
excess
for
$10,769,635
year
97,360
$43,895
$535,877
$542,943
13,839
18,759
205,306
234,793
$32,579
$25,136
$330,571
$303,149
income
Prov.
a
$2,489,609
expenses.:
Federal
155,
149
$187,759
taxes, gen.—_
Federal
than
150, against
$221,142
revenue
Operating
Prov.
1942—3 Mos.—1941
$12,514,176
Co.—Earnings—
Period End. Mar. 31—
Gross
of
$4,227,355
in
depreciation—'
v
-
.
the New York Stock
has
''t1
the
Gulf Power
k
name
,
$2,685,080
3,978,287
.
special charges only.—V.
—
Stores
—V.
corporation,
$8,655,570
General Theatres Equipment
Corp.—Name
Notice having been
$4,374,024
95,998
Period End. Apr. 30—
1,268,750
1,602,424
opinion
31,
I
:1940
1917.
p.
155, p.
Sales
/
$17,995,945 $19,390,247
shown.
^
1941..
(II. L.) Green Co., Inc.—April Sales—
56,905
t,7oo"6o6
^
31,
'
$410,703
XX X'X'
Period End. Apr. 30—
Sales
25,200
■
par)...
Dec.
1
$40,627
50,753
...
to
(W. T.)
40,627
3,350,000
on
"
company on
152,
—v.
______
Mirch
1 ,,£1 i
l'
16,070
share
and
common
V.
131.852
lo|622,725
amount
f
$279,798
;
per
addition
the
or
at
''
10,629
—
Graniteville
in
market at that date.
Subsequent purchases are carried at
Investments; based on market quotations, or, in the absence
thereof, on their then fair value in the
the
•
$395,736
profit—
•Interest
;
owned
C
$400,074
—„
—'
.
27,003
—
($1
*
'
$1,079,041
27,722
stock
stock
.
changed
1942,
name
of
to
>
Co.—Earnings—
8,892,620
charges
Earnings
The
1941
$1,076,043
:
purchased
loaned against cash
$2.6Q
,
$4,292,694
interest and
taxes,
special
,
'
*'1942
*16,865,178
securities
$1.78
1942
136,125
7_
taxes,
$0.63
etc.
share).
per
received
expenses,
profit
income
Total income
paid
...
conting.,
'
i
Depreciation
tl36,094
$581,124
1,700
2,172
f ; $395,092
*.
$173,751
24,282
18,323
Balanco Sheet March 31
y
^
1
—
$17,995,945 $19,390,247
securs.
<
J
Costs, expenses, etc
securities-^.-.—
•
taxes, depreciation,
1942—12 Mos.—1941
$139,673
$0.58
3 Mos. End. Mar. 31—;
Sales
171,657
$221,828
21,824
shares
(8
share.
com.
ail
;
.
1942—3 Mos.—1941
$128,783
...
Granite City Steel
.
$2,094
.
Co.—Earnings—
—;
per
*After
/,
1940
■
cost.
the
aluminum in the manufacture of "bright work," decorative mold¬
ings, radiator grills and other body hardware for automobiles, in direct
regulations.
>;:.
500,000
4,142,550
219,957
—
Retail sales for the fiscal year to Feb.
28, 1942, were $39,570,254,
compared with $35,065,463 for the previous year, an Increase of 13%.—
V. 155, p. 602.
$6
dividends
♦Investments
cost
r
and
j,
4,737,813
513,807
—
taxes—
profit
Earns,
1942
v
shares
•
Surplus
used
that the Ternstedt manufacturing division
considerable quantities of scarce chrome steel
1941
loans
Common
charged
violation of
$5,782,784
469,713
payable, etc,
Reserve, for
.
The
10,313,711
500,000
collection not more than
1—
^
3 Mos. End. Feb. 28—
•
Dividends
es
"on
technical
x
by
securities
Liabilities-^
■
\;
the
because
materials.
Mr.
"can
statement
for
tPreferred
E.
Production
Total
Bank
1942.
Manufacture of Automotive Service
C.
depletion of
record
amount was paid on this issue on March 12, 1942,
the smallest pavment since Sepf<>mber, 1^38,
(For record of payments
made in 1938, 1939, 1940 and 1941, see V.
155, p. 600.)
The directors also declared the regular
auarterly dividend of $1.25
per share on the $5 preferred stock, payable Aug. 1, 1942, to holders
A
25,048:356
assets
Grand Union
;
•
cents
holders
—
claims
for
Total
$22,478,046 $19,820,622
and
sold—
Special deposits for dividends.
to
of
duej
unearned
—V. 155, .p.
,
Fed.
in
and
Received
of
12
1941
$l,895;07l
25,685,504
9,125,941
bonds
———_—
for
Surplus
4,048,267
banks.——____^
31,
May
a
in
31,
the
1942
$4,038,233
—
Capital
69,366
-
.
March
The
.
986,550
$10,095
—;
.Assets—
March
on
Sheet, March 31^-
-
—
Government
course
i
\
Co.—Balance
$44,821,255 $42,774,083
tuation
580,000
1942
a
on
stock
common
Cash
-
'
,
Voluntary
(or loss) on sale of securities,
tlncludes $0.92 paid
stock (.924 shares $1 par).
JIncludes $1.36 paid in common
(1.364 shares at par value of
$1 per share).
§ Includes $8
at
'
$1,808,797
Reserve for sundry accounts———
Reserve for dividends declared and
unpaid
profit
at
50-Cent Dividend—
$2,776,435
Reserve commissions
; 41,933
177,234
pref. stock
conv.
$453,863,161
To Pay
.
!
■
.____
paid
at Dec. 31, 1941, and 8421,242,912
issued 1,875,366 shares of $5 series, no par.
$441,832,610
2,881,778
'$107,071
Indemnity
Reserve- for
common
stock
-:,r-
v
.
2,676,064
$178,306
months
Reserve
$904,910
19,628
'
stock
common
preferred stock,-
$5,452,499 2 $4,690,576
2,800,000
$188,013
income
♦Before,
.
———1,724,435,992 1,747,250,191 1,653,684,817
no par,
$284,362
—
admitted
982,929
tRepresented
•
7
—
stock
435,000,000
500,792,599
$9,396,506 $11,331,025
3,944,007
6,640,450
>
177,291
Liabilities—
4,619
v 6,244
V'19,664
74,400,673
187,536,600
1,888,613
11,082,293
493,883,087
661,094
Total
301,484
^
2,989
$7,778
•After reserve for doubtful accounts.
c,tln
series,
Other
34,683
depreciation
1012.
p.
taxes
cum.
—
'
91,674
5,972
'
expenses
Capital
of
surplus
\
$401,311^.
estate
$726,293
—
J Total income
3.292,414
187,536,600
435,000,000
—
Minority
2.294,555
81,559,906
22,200
<
3,615,000
223,005
Interest and rents due
35,383
647,865
157,851,362
2,477,2^6
5,875,552
$945,456
.307,358
..
—
States
three
640,000
12,394,738
Interest
15,749,595
1,741,848
637,378
State, railroad and other bonds and stocks
7,038
830,000
:
Dividends
6,253,806
>
3,065,597
}
pref. stock
on
Assets—
United
General Shareholdings Corp.—rEarnings—
2,294,555
Reserve for deferred income—
—$708,670
deduct.-
Cash in banks
1941
$1,359,424
130,887
:
3 Mos. End. Mar. 31—
290,491,677
^
employ, benefit plans
employ, bonus—..
other
Premium in
(non-current)
$5,412,856
2,294,555
18,402,163
for
Income
income
231,933
Income—interest
-
;
4,144,790
Real
—_
—
♦After
3 7,903,637
,
,
5,200
335,000
587
•
Total
>
249,894,477
pavab'e on pref. stock
Reserve
,
'
,
374,250
3,211
—
surplus'————.—
89,300,508
5,310,772
'
,
285,071
i—V. 153, p. 1407.
12,357,662
82,314,518
18,217,468
Special
U.
^ v;
;;
770,269
amortization
banks—.
surplus
-■«
depos. on Govt, contr.
and foreign income and
at
the
74,919
118,398,501
94,422,493
sundry accrued items.;
I.;
$2,994,237 $38,185,701 $34,558,427
1,326,673
17,993,020
14,782,754
1,261,041
profits
excess
1,926,365
\
CoL_____\
Magnesite
Capital
Taxes, payrolls, warranties and
.
$3,247,030
for deprec.—
3,790,555
A
Earned
50,322,686
88,293,^38
)
-
*v.
1942—12 Mos.—1941
2,489,652
2,896,393
stock ——
value.—V.
payable
foreign
to
"!<
y"'
3,524,355
3,284,084
—
) .'2
.
Liabi'ities—
Accounts
under
1,483
_'_L/
reserve:
accounts
tCapital
1,724,435,992 1,747,250,191 1,653,684,817
.,
1942
p
8,793,196
JReal
Prepaid
computed
effect
in
/|3,097,462
promissory notes (none current)
mtge 3%% sinking fund bonds—
1st
4,418,386
in
Net
31
'
,
payable
Reserves
X
v—-
*$6,433
■>
,
126,700
Dividends
'
payable
1,015
—a*>
255,207
Globe
3Va%
10,821,654
3,363,246
fCapital stock
Gross
Reserve
Accrued
1753.
■■■X yXX;
p.
Balance
been
have
now
payable
Notes
1,022
$26,961 "'
298,346
Federal
v
$22,478,046 $19,520,622
Accounts
>' *'>'
-
*
$1,089
3,445
*$5,418
o
$2.96
bldgs., mach., eqpt., min'g lands, etc.
Liabilities—
343
;y
319,651
Provision
$1,391,144
$0.75
'
of
:
**$8,863
"
;
income—
InW and
/
net
$25,273
686,822
—
closed
"$27,982
$5,472
revenue——
Federal
5,797
*2,011,842
Total
Notes
—
'
50,448
etc.
cost,
in
$1,431
> ."5,911
2,710
368
int.J
to
General
410,496
..'
Northwest
1,290
income
expenses
Provision for taxes:
———
105,470.011,
not consol.
cos.,
investments
Miscellaneous
165,975,042
....
——
other
850
Operating
28,038
.
6,154
v
accounts
Patents
trade
receiv., U. S. Govt
Inventories
19,997,161
Gross
•
interest receivable
Repair parts,
336,523,966
1,538,976
—..
;
13,500
;:
—
in
5,861
$141
v..
•'
•
$4,990
Period Ended March 31— -1942—Month—1941 -X
(
Deposit with trustee for sinking, fundi--—2,300
$
1
196,230,730
409
6,291
excess-profits taxes
in excess of rates
less
'
>
1,917
14,653
•
y|:| Georgia Power Co.—Earnings— x::'xxy-- %y;y:S
567,291
560,244
r
hand
on
»
~
$5,840
•4 *Deficit.—V. 155,
v;>v " ' V-;'
.1.
238,157
,
and
receivable
Deferred
Mar. 31,'41
255,084,000
Items—
♦Accounts receivable and
15%
,
Investments
\
.
'
„)■
23,415
•.
income
appli.
;
$35,117
.
24,762
,
•'
income."
income
Surpl.
•
284,445
$82,976
'is' 27,081
5,448
,
rents—net
oper.
Non-oper.
$3,305,807
$257,401
-;V/'*
banks
Investments,
.
Sheet '
16,693,413
receivable..
and
in
Accrued
50%
218,300,000
3,153,153
—
and
lawi-
Deposits
cost—
at
than
Dec. 31,'41
.
166,923,627
———
notes,
Accounts
31,'42
income
facil.
363,584
_;
7,939
8,522
Dr —i—.—__1,962
>
-
-
.
9,135
$319,561
bal.
—
ry.
241,061
;;;
$0.55
;
rents—net
bal.
' 40,546
169,674
share
per
98,613
accruals.-
-
$446,560
;4 $15,446
Net
'
*464,500
L
123,203
oper..
■
1942—3 Mos.—1941'
$114,030
; $24,609
expenses
ry.
v
Joint
$3,064,746
•,
X 38,753
8,925
^
*
"
Ml*
121,399
24,919
1942—Month—1941
$147,815
.
"
....
4,173
Accounts
receivable,
Inventories
securities:
at cost
Oh. m^rk^tablc secur., at cost
f
and
1942;
Dr
12,253,071
142,695
:
tax
Equip,
.
subsidiaries
more
'
Government
Tax
Balance
:
———
S.
short
not
18,135,701
$4,440,717
224
>
taxes &
Assets—
Notes
31,
-v-,
Consolidated
Mar.
Assets—
March
Railway
was
428,991
'(Including Statesboro Northern Ry.l
:'■
$878,379 f $4,583,413
> 140,712
; : 582,141
f
$528,978- $1,595,781
—I
revenue.
fr.
rev.
Deduce from
....
i
160,828
purch;
approximating
Cash
surplus of
substantial but
a
,
Condensed
■'•■}
at
oper,
Net
Gross
26,350
070,188
•
Balance
566
,
also $1,679,487 at March 31, 1942 and 1941, for earned
surplus of companies
;,,.,iOi.V|l,i,,glWlMi|,
$307,472
oper.
.ri
$850,029
y
25,840
$2,024,772
1753.
-r
11,082,859
earned
$1,044,348
tax.V est.—-
♦Federal
'
Note—Earned
■«■"!!.,
$613,353
84,375
•
Railway
.A
3,661,949
" '
•
i
>
w
Capital surplus at end of period——————
$30,388,443
.J: i-'l-
income
present
;,y-
not consolidated;
expsij^;y, 4,886,962
V-
inc.
^■■■.
$416,847
109,375
—
4
155, p.
Co.—Earnings—
deductions'
Earnings
y
below.—V.
$4,356,155
2,331,383
on
1753.
p.
$1,200,296
586,943
Period End. Mar. 31—
:
32,532,336
11,082,293
also
133,881
$1,000,805
1678.
Railway
investigated
$4,490,036
28,022
pref. stock
on
155, p.
$1,228,318
39,705
—.——a——
income
"
1942—3 Mos.t-1941 h 1942—12 Mos.—1941
$5,931,311
$4,511,977 $22,576,418 $15,317,817, I
a* -w~" w
•
bds.
on
exc.-prof.
of award
bonus for
as
•
of
cost
over
exc.
had
$1,040,510
>
1942
$5,279,428 $22,876,349
4,051,108
18,386,313
Georgia & Florida RR.—Earnings-—-
>
biZn?ti
•—•
i 2,294,555
21,749,480
Earned surplus at end of period—— 433,059,043
vehicles
Ternstedt
155,
y.;'v i
amortization
Fed. & Pa.
r
Theatres Equipment Corp.
profit
Interest
—
it
that
sources
—_x:
:—
9,594
Corp,Azrprop, taxes- 148,550
Amort, of bonds, exp. &
!•-.
<r
that
then existing orders.--V.
^
■
.
keep
to
$5,823,441
_
taxes—4,782,931
income...——
Income balance
v
necessary
:
^
12 Mos.
1942—3 Mos.—1941
deductions—583,958
interest
r-V.
(& Subs.)^—Earnings—
)7
'•
(net)—
earnings
Divs. paid
pounds of
10,259
mouldings for automo13, 1942, it used 9,239
March
announced
various
^Total dP^ofit
■
Earned surplus before dividends
and
parts
WPB
income.
surplui at beginning of period--...,— 493,883,087 471,021,153
Corp.'s proportion of net income (as above).—
23,229,991
64,598,337
■
Motors used
decorative
Depletion
*
>,.■,■>
.<1941
ix
"v
the
from
any
sales
Gross
(..
Earned
,
received
violate
Deprec.
41«,Quarter Ended March 31-*.'
time,,
Cost ;of-sates &
earnings
do
not ' include
such
portion
of the
subsidiaries as 'could not be remitted because of
Summary of Consolidated Surplus.
v,';
not
Net
exchange restrictions.
.
.
above
foreign
of
24
replacement
Crenera 1 Refractories
1942 And $2,126,869
^
Jan.
of
v;
_
&
exps.
v
v't/sA-'
-•
General
f
same.
;
•
of
manufacture
•••;■••-.v-i-";, \>< y.,'-;.'
consolidated (divi¬
$1,190,982 in
1942 and
fin eluding; dividends received of $1,373,462 ^
in* 1941; less sundry income deductions.
v
the
'•
•
revenues
income
Net
Tern¬
large quantities of copper, nickel and zinc in violation of WPB
-investigation showed that Ternstedt's use of these metals
See
-
companies not
amounted
in
Period End. Mai;.
C?
w
•
(
of
provision
a
'
operating
Total
materials.
the
General Precision Equipment Corp,—New Name—
v;
and $29,778,000
1942
of
that'between
the
$1.44
in
May 1 by the tya/t Production Board
priority regulations in a suspension order
on
orders." The
taxes.»-
subsidiary
received
.
taxes
steel
complaints
43,377,468
$0.48
■•'{:•
include $1,711,000 in .1942
U.
S,
excess
profits
for possible additional
earnings
dends
;
for
1941
$10,000,000
43,499,641
j'-
_,
oper.
Net
from
At
62,303,782
stocks—20,935,436
common
on
.
Net
J
•
.*
production,
would-be reemployed
uses of
substantial quantities of scarce
that -Between Jan. 7 and March
9, 1942,
except functional
the-road.
64,598,337
2,294,555
2,234,555
;
,
Period Ended Mar. 31—
war
orderr effective May 2, - prohibits General Motors
manufacturing or ;producing any replacement, parts for
passenger automobiles, light, medium and
heavy trucks, truck trailers,)
passenger carriers,/and school bus bodies for a
period of three months,
64,622,761-.
;
violation
Tha suspension
•>
Corp.
12,498,004
10,000,000
.
cited
was
states
and
using
23,254,492
23,229,991
T>
"
Operating
rapid progress in
regulations.
in 1942, now subject to rationing——'—9,700,000
'Employees bonui———i——.
—1——a— Jiv• • -4,787,000
■V-*U. St; and foreign inc. and excess profits taxes -31,654,000
65,152,000
—.
General Telephone Corp.
^
its
pounds of primary aluminum and 11,492 pounds of
secondary aluminum
to
produce radiator grills and other
body„hardware, in violation of
,
l Net-income for the period-
1835
Total
to GM's
Manufacturing Division
bhes,
;
,:
of
many
prohibited
order
stedt
estateH,^<T'w$£\#
plants and equipment——_—uc—" 14,484,650'
Spwjjial contingency reserves--^vJ^*ci-Jwx«'j>.-'¥ 5,681,281
Deferment of profits on cars produced and sold
t
J"*8* '
■
that due
corporation
chfome
„
amortization
said
war-time
The
—
„—
Wilson
charging
Of
Depreciation
7
;
-
"S r
Other
447,523,394 657,741,744
sales'—--^----—— 344,949,300 .475,248,745
Selling, general and administrative expanse—-■,< 17,805,671 -25,433,234
Cost
i^V*V
Violation of Priority Rules
Charge(
433,336,580 649,192,619
————6,173,639
6,351,493—„rwr—-——
2,019,175 . 2,197,632.
s.
as
employees laid off because of this curtailhrent
shortly.—V. 155, p. 1753.
^General Motors Corp.'s equity
JOther income
keep
any
'
-
to
Wilson stated.4.?):5 Cvs
Mr.
for
19^41
and
owners
The
,.'."1942
.
,
car
Mr.
"
"
-
-
Three Months Ended March 31—
.,
A
employees working as pos¬
sible pending the complete
re-tooling of it3 plants for war production,"
Consolidated Income Account
^'
-'U
i
"' 'f * «'" V? \
only purpose in producing service material dur¬
ing the.past nine months has been to»make available such material to
profits
excess
$31,654,000. /The pro--
to
based
was
<*
f''"M '<77?
•;>v '.'The corporation's
upon-the rates established,
by thc: Revenue Act of.1941y together.-with an added provision of
$10,000,000 for possible additional taxes. \/The United States excess
profits taxes were calculated on the basis of allocating to the first
quarter one-fourth of the year's estimated • exempt earnings.
'
Net-working capital at March 31, 1942, amounted to $517 646.732.
This compares with $500,023,010 at Dec. 31, 1941, and $542,302,133 at
v.*,.
^ v ri /» r*c- 7 * ■'•>.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number+407
-
y^-on-cars produced- and
!*;>• taxes
"■-»
**r+»rrr-1yi
Gross
Int.
and
Changed—
Exchange
General
that
Precision
.
Net
Divs.
income
deductions—
income
on
—
preferred stock
5,513
5,585
66,585
67,914
the
capital stock will, he
the corporation.—V. 155.
Balance
—V.
155, p.
$27,066
1407.
$19,552
$263,986
$241,135
.
1836
Great Lakes Utilities Co.—Court
According to the notice the offering will
Approves Liquidation
^
Court at Phila¬
delphia on April 22 approved the voluntary plan of the company to
liquidate its business.
The company said it was unable to meet
requirements of the Holding Company Act of 1935 to integrate its 10
gas utility companies into a single system.-—V. 155, p. 1678.
at
Gross
Net
earnings
Interest
——
__
(net)
charges
Retirement
82,014
prof,
Net earnings
~
Federal
Total
&
profit taxes
excess
133,750
—
oj.uuu
Net
Earnings per share
155,
..
/'i
California—Earnings—
Intangible develop, costs,
depletion
Deprecation,
V
•
—
74,567.
86,077
,and abandonments
;
Net
income
_
-
(M. A.) Hanna Co.—25-Cent
;
per
on
•
A
In
Sept.
on
$572,499
12, 35 cfents; and Dec. 12, 65 cents.
directors also declared the regular
.
_
__
-
•
ble
June
15
record
of
holders
to
June
This
1.
$990,583 !
$643,041
(no
$928,501
:;
Hat Corp. of
V
685,749
685,749
$1.32
$1.82
$1.73
$1.88
shr.—
first
the
quarter
31%
were
declared
this year represent
this
volume in
The
Net
income
Federal
before taxes
taxes
orders
received
during
or
1941
$60,368
1942
$72,703
/
from
o-ers.
:
$2,663,989
,
224,933
291,744
credits—^
1,280
-
...
.
•' V'
C
.
the
5%
doubtful
normal
Federal
State
and
2,139
6,432
4,401
$1,225,186
$1,665,067
$4,923,060
$6,035,064
225,000
225,000
729,892
735,566
$270,294
$704,501
$1.37
$1.96
share
com,
;
-.
^
$359,745
31, 1942 and 1941
(based on conversion of Canadian
cur¬
U. S. dollars at the averages of the free market rate of
Consolidated Balance Sheet,
March
share
per
and
1942
Government
Instalment
notes
for
receivable
;
Gross
$2,605,192
10,258
profit.
oper.
income'
Other
$7,736,021
$787,897
6,702
24,842
'
charged
$109,650.—V. 155,
<
Total income
for
Prov.
counts
■'f^-vLoss
\
on
doubtful,
and
-
for
(net)—
Total
payable—banks
payable—employees,
$1,000,000
__________—__________
officers and
and
Dominion
excess
_
stock
"Common
—
9541892
_____
44,382
—18,247,300
Capital
18,389,150
529,304
11,914,485
11,554,740
surplus—______
surplus
.
Total
11,350
at
434,409
;
"Includes-an
"
.
,.
;
j
.$1,68
,
by 729.892
value
of
;
1942
and
735,566
155,
p.
y
;r
vf
.
"■>
r
bef.
Fed.
taxes
,
.
1942—3 Mos.—1941
Federal tax provisionsf
•
'•
"
Net profit
Earnings per
Note—The
»
-
com.
37,937-
?.
share
1
1
.
■
$341,814
$0.05
$0.23
'
•
by the corporation or its
profits taxes is considered
Guy Lemman, President,
No dividends were paid
'
•
'"*■
'
by Best Foods, Inc. (71% of stock owned
by KDecker), during the quarter ended March 31, 1942. The corpora¬
tion's equity in the earnings of that company for the quarter is
Dividends
Three
Mdnths Ended'March 31—
sales and operating income——.—
Operating expenses
'
..
'
Net loss
.
171,841
13,257
99,166
$112,423
i—
■
3,436,448
and
receivable,
Inventories
Balance Sheet, March 31
y.• v;
44,197
$3,356,524 '
*
.
95,705
income
income
taxable
taxable
388,248
401,936
6,900
7,121
'27,891
28,572
401,061.
1,577,379
" 1,559,931
38,652
87,475
392,942
353.777
446,008
196,973
$512,689
—
1941
99,870 /;
398,796
49,321
267,000
;
w—
&
profit
normal
sent
$423,280
$1,442,295
$815,334
taxes
tax
deducted
based
in
the
.
above
statement
repre¬
the
on
prevailing tax rates applicable
increased rate applicable to 1942
income.
due'for the
and
income,
on
an
No liability for excess profits tax is indicated to be
periods shown.—V. 155, p. 1311.
i
.
share
tion
1941
$1,838,818
1,514,530
p.
>
r
149,695
estimated
■
&
Manhattan
oper.
exps.
$0.42
taxes
469,828
and
•'• V,
RE.—Earnings—
$710,224
-
;
•
/
.'
1942—3 Mos.—1941
$658,771,
464,216
$2,056,530
1,402,213
$1,916,347
1,354,650
$654,317
29,290
$561,698
29,631
$240,396
9,866
$194,555
$250,262
$204,410,
151,190
$683,607
444,688
$591,329
456,175
$101,958
$53,220
$238,919
$135,154
118,554
.117,070
355,662
$16,595
-
Gross income
$63,850
$116,743,
148,304
•Income charges
9j855
Income avail., for int.
204,059
99.032
79,591
leasehold—.8'W02
contracts—.—-——.—--7,806
20,221
on
Int.
-
_
.
adj. incm. bonds
on
adjust,
.bonds .at 5%
income
--—4.
-
•
355,662
,
Estimated insurance "dividends
1,000
,
2,500
.2,771
(Jess amortization)—' '-620,940
capital—2,765,646
beficit
1,000
9,100
9>100
i.—•'
New York World's Fair debentures———————
deficiency of
$0.50
'
466,544
^50,440
369,932
-,-
;
revenue—
Operating income ___
Non-operating Income.^.
$108,503
1941
corporationsInvestments in stock of other corporations.^—
Net
^
r
Investments in stock of affiliated
Deferred charges
$0.60
1942—Month-r-1941
Period End. Mar. 31—
Oper.
174,593
9,134
99,368
,
-
and
1311.
Gross,
$131,485
net—-—-—
$0.60
operating costs; incl: administration, deprecia¬
income
taxes,
but without depletion.—V. 155,
deducting all
Hudson
$324,288
1942
.
—.——.—•——--r™—r-
Prepaid expanses
Net book value of
of National Investors Corp., New
i;
$3,312,327
48,012
$4,275,362
expense
Note—Federal
•
$124,091
:
•Assets—
Cash
Heyden Chemical Corp.—To Stabilize Stock Price—
debentures—^—
—__—
;
Union Securities Corp., New York, has filed with the Securities and
Exchange Commission a notice of intention to stabilize, fqr the account
;
7,554
$1,055,460
;
;
•
i'-
York, the price of Heyden Chemical
Corp. common stock on the New York Curb Exchange to facilitate an
offering;of 6.500 shares of that stock for the account of National
Investors Corp.
S
i——-
Amortization
Trade advertising
i
* ' 14.936
$1,330,411
'
"After
149,521
—
Interest other than interest on
Accounts
,
$0,748,775
"
■
$321,363 ''
etc
insurance,
Rent
Herring-Hall-Marvin Safe Co.—New Vice-President—
:
$4,227,350
__—_—
bonds
on
retired
Net
Dividend—
1942
$1,835,868
1,514,505
——————-—-
Income
Taxes,
in
See -Stone & Webster, Inc. below.—V. 144, p. 3674.
$1,047,906
abahd._
Fed. Income taxes (est.)
paid
The policy of that company in
"
,
Total gross
the market prices of its raw materials Inventory.
charging against earnings for ^the pur¬
poses of such reserve was continued during the quarter ended March
31, 1942.
Such charges were $189,700 for the quarter and $422,200
for the nine months. The tax year of Best Foods, Inc., is the calendar
year,, and in estimating its Federal tax provisions that company has,
beginning with Jan. <1, 1942, used a normal tax rate of 45% and an
excess profits tax range of from 50% to 75%.—V. 155, p. 1407.
possible decline
.
and
.
Prop,
Hotel Waldorf-Astoria Corp.—Earnings—
"
by Best Foods,. Inc., during the, first, six
months of the fiscal year approximated that company's earnings > for
such
six-months'
period, after all charges including-provision for
Federal income and excess profits
taxes and a reserve against a
$122,345.
$1,315,475
oper.___
Deprec. and deplete
Per
necessary.
y
3,763,038
.
directors have declared a dividend of 55 cents per share on'
the comihon stock, payable June
15 to holders of record June 1.
This compares with 40 cents on April 1, last, and 50 cents on Jan. 2, < ,i: Hudson Bay Mining & Smelting Co., Ltd.—Earnings—
1942.
Payments in 1941, 'were as. follows: March- 1, 35 cents; June ^ :: 3 Mos. End. Mar. 31—
""
1942 V: ''
T941 V
1940
;1939
2, 65j cents;! and Oct; 1,' 40 cents.—V. 155, p. 1679:
.
/
•Est. net earnings_».-w.
$1,662,054
$1,662,135
$1,383,823
$1,169,255
consolidated subsidiaries for Federal excess
states:''-
'
Holophane Co., Inc.—Declares 55-Cent
tax
856,807
notes
The
$0.43
provision shown above are for Federal income taxes.
The corporation's tax year is a fiscal year ending June 3Q, and the
rate" of 31 % has been used in "calculating these accruals. No provision
•
from
!
to
$645,830
•
$0.46
r
$7,990,387
Amort, of debt discount
$750,326.—V. 155,'p. 865:1
-
$692,694
.
shares
par
1942—12 Mos.—1941
$1,904,714
:
income
Interest
57,437
-.
no
892,135
income
Total
payable, $5,621; accrued miscellaneous taxes,
$4 556; dividend payable on April 25, 1942, $9,000; reserve for Federal income tax, $6,577; capital stock ($1 par), $900,000; earned surplus,
$328,113;
distribution to stockholders in years prior to 1930 in
excess
of earned surplus at dates of distribution, Dr$503,542; total,
$703,267
/170,782
:
Other
Liabilities—Accounts
1942—9 Mos.—1941
$863,476
■'
$73,783
v.
_
.
$365,472
23,658
$2,207,610
accounts receivable, $15,784; crude
oil leases, at cost (less reserve for depletion, $507,500), $11,equipment, at cost (less reserve for depreciation, $770,954), $49,628;
taxes, insurance, etc., applicable to future periods,
$1,389; total, $750,326.. s
,
"
,
,
(& Subs.)—Earnings—
$111,720
incl.
773; Wells and
,* y-y
Period Ended March 31—
Profits
exp.,
1942—3 Mos.—1941
oper.
$12,500;
additional.amount
Hecker Products Corp.
from
taxes
Income
$2,602,754
434,409
"
$5.99
$472,473
$3,139,014
434,409 '- "434,409
$1.09
$7.23
& gen.
ord.
'
1942
1941
Texas-^Earnings—
$21,169
$14,745
•$12,905
in
1512.
fIncluding Houston Pipe Line Co.]
•
earns,
1939
1940
in
each.—V.
$25
-
Oper.
iV
1941
915,835
in.anticipation of the requirements
under pending tax legislation.—V. 154, p. 958.
r:.'."'.I-.-.
■
■
:,
640,250
$86,241,535 $84,314,767
stated
a
Houston Oil. Co. of
oil, at posted field prices, $775; investment in & advances to WyomingCalifornia
Petreieum
Co.,
$263,663; marketable securities, -at cost,
r "4,453,140 '
37|l0S
18,000!000
690,750
18,000.000
—_—„_____,
Earned
Gross
Balance Sheet, March 31,
Assets—Cash in banks, $394,815;
-
•.
$729,965. i
_________
Condensed
5,374
.....
.
"1,826,$2^
profit
J, 58,592
■
$6,248
ehg?.-. '
Net inc. after all
127,491
1942
r;
191,405
14,OOoioOO
company
stock
par)
960;566
164,458
13,000,000
809,137
exch. fluctuations & conting.
$100
2 899 490
liabilities
current
loans—banks
for Canadian
394 040
4779477
profits
—
Minority interest in subsidiary
depreciation and amortization of leasehold im¬
manufacturing and other classes of expenses,
1512.
•
March 31—
16,057,270
others,
385,050
income,
payable
Miscellaneous
Holly Development Co.—Earnings—
3 Mos. Ended
80,250
:
'
—_—_
Capital shares outstdg.Earnings., per share
.
*
$500 000
16,413,050
—
capital stock taxes—..
Dividends
Res.
7 385
623,915
•
loans—banks
and
7^021
$86,241,535 $84,314,767
Liabilities—
Serial
$243,454
$0.59
—
'
55;250
4,716
'
income-
;taxes-.Net
3,309
charges—
Fed.
$3,662,305
•
80,250
...
; r
$7,774,894
1
55,250
contlngs.
(net)_______
Miscellaneous
Prov.
ac-r
$794,599
-property retired
sold
or
$2,615,451
_______
84,905
669,699
-
equipment and improvement
Period End. Mar. 31—
•'
39 249
Other receivables, etc
Office
to
p.
75!863!319
44 989
Dominion of Canada War & Victory loan bonds
advances
and
employees'
notes
and
accounts receivable
-
29,899
——
for
Not*—provision
provements
$3,637,963
38,373
$7,695,934
78,179,402
132,690
(net)—
Travel
\
——-
1941
securities—$7,207,734
■>
1,282,819
141,667
>
.
81
Assets—
Cash
"Represented
Earnings
$6.98
pursuant to thrift plan.
—-———
—-——-—
—
$1,472,335
$5.51
;
,
114,000
foreign income taxes
profit
900 000
3,662,729
proportion of the net income of the Canadian
above for the three and 12-month periods ended
_________
Net
900,000
3,663,315
to
Federal
(est.)
surtax
and
171 208
amounts to $109,034, $250,863, $83,422
$171,641, or approximately 8.90%, 5.10%, 5.01% and 2.84%, re¬
spectively, of the consolidated net income for those periods.
$400,704
provision
281,402
divs.—
stock
per
March
$1,765,561
—_
—
.
1
40,381
2,796
co
Notes
—__——
—
—
'
.
75,639
Notes
adjustments,
'
earns.
subsidiary included
59,628
etc
355,000
V, 257,000
———
Note—The company's
$341,075
exchange
"
.
Surplus
''
———
accounts,
and
taxes—
pref. stock
Earns,
supplies,
—
foreign
Discounts,
Mar. 29.'41
1,400,000
.
£ 257,000
——
Preferred
etc. $11,815,899
$7,728,051 $42,919,412 $31,300,757
and
oper. costs
8,251,977
6,076,666
31,128,230
23,928,938
Provision for deprec.
190,038
191,941
804,636
792,205
Selling,
general
and
■■ tJ1-.if
administrative-exp,__ ■ ■ .'|68,692
671,548
3,250,525
2,941,651
150,000
2,509,122
and
profit
income
300,000
2,789,225
divs.—
income
Common
Subs.)—Earnings—
Total
293,000
a
rates
income
profits
,
Serial
12 Mos.-
tax
639,000
taxes
1942
Minority Int. in
of subsidiary
rency
of
income
Fed.
681,000
;
exchange during those periods)
-———_______——
Operating
,
551,045-
"'"'W
^
—
est.
excess
1940
-'1939
$4,880
t$105,252
sales, incl. selling, advertising and delivery expense
Administrative and general expense—.——
Net sales, royalties,
Cost of goods sold
-
10,762
•
$2,665,269
.-130,648
income
profits
excess
Dominion
Earnings for Six Months Ended Mar, 31, 1942,
sales
Cost
surtax
under
(Charles E.) Hires Co. (& Subs.)— EarningsNet
normal
Additional
.Consolidated Balance Sheet, Match 31. 1942
■'
——'
income
'
fLoss,
charges and taxes.
$36,856
Mar. 28,'42
in-.
rec.__
$9,925 840
and
$65,418; sundry investments—at less than cost, $21,054; land,
machinery, etc.
(less reserve for depreciation, $2,942,507),
Other
Mar. 29,*41
2,945,116
—
oh
1
1942—12 Mos.—1941
•
$5,554,566 $22,928,817 $21,488,275
2,556,940
11,563,452
10,358,547
1,214,649
Fed.
$229,742; trade notes, acceptances and accounts re¬
(less reserves, $120,266), $1,841,288; inventories—at lower of
market, $2,955,708; investments in affiliated companies—at
$61,426
$23,177.—V. 155, p. 1311.
Mar. 28,*42
1942—3 Mos.-e-1941
—
$225,000; series B, first preferred stock ($25 par), $3,487,common stock
($25 par), $1,500,000; surplus, $1,720,702; total,
$9,031,489.—V. 155, p. 919. <
.—___________—.
Period—
3,431
$9,915,078
Federal
payable $525,000; drafts against letters of credit
(for merchandise released under trust receipts), $9,930; accounts pay¬
able
$332,466;
accrued taxes, payrolls and commissions, $341,132;
Federal and Can. taxes on income (est.), $354,159; 5% 10-year regis¬
tered debenture bonds—due Dec.
1, 1946, $536,100; reserve for con¬
24,570
3 Mos.
mSSMM
"
$2,705,882 $10,296,561
:
1,009
6,293
Gross
Liabilities—Notes
with the 1942 fiscal year, the company will issue
reports of earnings at the end of each quarterly period of 13 weeks.
Therefore, the above report cannot be compared with a similar period
in 1941.
However, for the 16 weeks ended April 19, 1941, there was a
■
13 304:
notes
income
000;
——
Hazel-Atlas Glass Co, (&
losses
inc.
<
profit
cost,
Note—Beginning
net loss of
for
24 532
10.985lo00
$5,834,037
opers.
,
items supplied to the Armed
classification it is hoped will
goodwill and patents. $1; inventories of office
prepaid insurance, taxes, etc., $56,498; total, $9,031489.
—
Net after taxes
*
1,068,804
tingencies,
—.
___—-—
"
13,304
$2,706,892 $10,302,855
Interest paid.
135,304
595,735
Prov.
for contingenciesr_—— '
75,000
50,000
those billed for
approved commercial operations to
equipment not engaged in
Quar.End. Mar. 31—
cost
Earnings for 13 Weeks Ended April 4, 1942
/
from
stalment
buildings,
Hathaway Bakeries, Inc.—Earnings—
,
53 712
10,079
__8,853
debentures..——_
10,985^000
income
Operating expenses
proportionately heavier as the management finds opportunity to
ceivable
and on Nov. 24,
both issues on Nov. 20,
with 50 cents per share paid on
last, and on Oct. 25, 1940.—V. 155, p. 400.
*
53,712
prior years
$13,053,702
fund
inc.
Frov,
for
Assets—Cash,
a
compares
taxes
reserves
Other
in excess of
company's
the
of
40%
Services.
"After all
America—25-Cent Dividends—
have
directors
estate
8,335
v
Household Finance Corp. (&
Subs.)—Earnings—
Gross
685,749
products of war,
"Net
dividend of 25 cents per share on
the class A and B stocks, payable June 1 to holders of May 15.
This
The
'
737,21G
: ' 57 833
Period End. Mar. 31—
■
$3,861,800;
'
8,335
1,063,371
-v-'ikTm:
$1,027,358
••. -
685,749
months of
three
convert
with $1.50
compares
share paid on Dec. 5, last, $1 on Nov. 26, 1940,
1939, and 50 cents on Nov. 26, 1937.—V. 155, p. 503.
per
real
sinking
Net
Allied
grow
dividend of 50 cents per share, paya¬
a
514,312
$250,000 for Federal excess profits taxes and $500,000
and surtax.—V. 155, p. 1121.
Approximately
the
while on Dec. 20, $1 war paid.—V. 155, p. 601.
directors have declared
$1,795,514
253,844
514,312
same
first
Hart, Schaffner & Marx—50-Cent Dividend—
The
$1,696,657
253,844
514,312
—
com.
-
:
$1,758,739
253,844
514,312
—
5%
$225,000.
dividend of 50 cents per share on
account of accumulations on the $2 convertible preferred stock, no par
value, payable May 1 to holders of record April 20.
A similar distri¬
bution was made on this issue on Feb. 1, last, and on Feb. 1, May 1,
Aug. 1, and Nov. 1, 1941,
$1,411,197
253,844
of
Equipment
the company's normal operations at
The facilities at that location are
converted to wa^ production, but the cost thereof may
seriously impair earnings during the conversion period and the directors
have, therefore, authorized reservation of $75,000 from earnings of
the first quarter to cover extraordinary contingencies.
Total reserve
for
contingencies arising out of
war
conditions now amounts to
recently declared a
directors
429,803
rapidly being
Dividend—
Harbor Plywood Corp.—Accumulated
The
523,289
-
over—
,,
Refund
its
or
i
1,210,676
carried
rent—98,012
deferred
on
Debenture interest withheld^_L—1;
Advertising dud-bills outstanding.j.
necessary severe curtailment of
Menominee
(Mich.)
plant.
Common Dividend—
May 4
.
*
194,482
period a year ago. Bank loans were reduced by $225,000
during the quarter and now stand at $525,000. \ .. *
Richard N. Greenwood, President, states:
The War Production Board has issued orders prohibiting the manu¬
facture of metal household furniture, effective May 31, and making
quarterly dividend of $1.25
per share on the $5 pref. stock, payable June 1 to holders of record
May 15.—V. 155, p. 1753.
"
The
$2,419,799
221,417
Federal normal
for
Sales
240,974
declared a dividend of 25 cents per share
the common stock, payable June 12 to holders of record June 6.
like amount was paid on this issue on March 12, last. Payments
1941 were as
follows: March 18 and June 12, 25 cents each;
directors
The
:
$2,441,363
243,941
Interest
Heywood-Wakefield Co.—Earnings—
materials, operating, selling and administrative ex¬
State, county and Federal taxes.—V. 155, p. 601.
.
;
penses,
$3,213,356
r
,
245,239
.
$169,185.;''. $461,671
$165,513
W
Deferred rent
77,721
.Net
32,174
"Including raw
——
$2,342,078
95,858
—
"Includes
the
V
$2,345,505
106,241
3,993,124
3,707,632
200,338
1,197,225
,,36,354..
1,143,133
,.21,932
$3,107,115
"1,698,654
—
outstdg.
additional
?^ntVal0Pexpens5es_t--
26io80'
retirement tax——
Other accrued expenses—
and
—
shs.
Earns,
$4,888,771
$4,614,880
$1,477,331
36,373
338,148
divs.——
par)
1942—9 Mos.—1941
1942—3 Mos.—1941
$1,416,654
income-
oper.
51,936
Deposits, other accounts receivable, etc.41,511
etc.—
divs.
Surplus
Period End. Mar. 31—
Gross
13,372
$3,618,805
* 1,276,727
$3,447,999
int.,
pfd.
Com.
Hancock Oif Co. of
$3,776,655
1,431,150
Federal
•
1512.
p.
13,320
$4,697,796
1,590,681
profits taxes—
Common
222,441
Unemployment insurance taxes'__^^__i_:_—_:__:_^
21,417
21 579
Admissions, sales, taxes, etc.-uu_,i^^^Ur^_:;;v:.;v);Xio,678'-%.''4-'15l225'
i
1939
179,765
profit
Conv.
$327,245
368,948
—.
$3,268,234
—
Fed. and State inc.
**»$•
»,
..
-
-
$4,951,765
1,683,531
income
disc.,
;
;
1940
income
Cash
Balance
State Realty &
—
$316,426
———-
income
Co.
Y.
Fractional part of int. on debs,
Other
excess
■
and taxes due N.
1941
sales—
on
profit
Oper.
79,909
• r.
charges
payable—$305,225
rent
1942
-
Expenses
$1,041,507
1,719
528,168
$330,263
,
________
,
Basic
Hershey Chocolate Corp.—Earnings—
3 Mos. End. Mar. 31—
mi
$1,073,029
2,193
544,284
!32,006
operating revenue—__—__———
non-operating revenue————-——_
Accounts
New
Terminal
>
1942
:
3 Mos. Ended Mar. 31—
Gross
the
on
r.+
Liabilities—
on April 22,
Curb
Gross
(& Subs.)—Earnings—
Hackensack Water Co.
first be made
the stock
approximately the last,sale price of
Exchange.—V. 154, p. 1728.
1942,
York
District
Judge William H. Kirkpatrich of the U. S.
.
2,500
8,463
;
;
695,626
1,988,823
\
"Exclusive of interest on adjustment
Hunter Manufacturing Co.,
With SEC—
•'
income,
bonds,^—V. 155,
$220,508
p.
Croydon, Pa.-^-Hegisters
V;'
'
'.'."''fotai ' iJLii-Lliiiil----$13,053,702 $12i54ffj71#;?l
See
»'Chrdnlpl«'S.May 7, J>age 1774,
J4Q7,
}
:l>v
-
*}■
Volume 155 ^ Number 4071
•w«*
Ilunisville Gas
revenue
>THE COMMERCIAL & FINANCIAL CHRONICLE
>> ■;
Statement—;.*
:
Operating expenses and taxes„„—u__n-——
'
J949
.
Act
„
31,
:>■ $1,236
...
Other
.1.:-
income
Z)rl56;'
340
—_
All
.GroS3 .deficit
loss
Net
1,4
'v./-*; $5,275
—»
deductions
Interest
—
"
Balance
Sheet,
Liabilities—Common
stock
-v
in
aid
of
:
—
deficit,
earned
The
Operating
transfer
office
ferred
East
stock
:,
and
Main St.,
of
this
dividend
^
company,
.
is
now
located
Three
Months
Total
income.
.
L-i
y
.
$292,696
/
Mar., 31,
1942
of
■<
%
,
•■'••■
...
^
Capital
stock
•
•
<
Statement of Capital March 31, 1042 '
($5
t count, $28,363,537;
»**
1
*
»
tax
as
tax
has
the
under
•!
.i--*
^
:
i
of
provisions
Mar..31, .1942..
■■
;
.
...
Internal
Sheet
Balance
....V"-,
the
March 31,
-v.,:,-.';
1042,
i X
;v..
•...
U. 8.
Treasury bonds—;
Other
tion
'
.'Common
Dividends
Total
<fc preferred
receivable
Accounts
—
stocks_^—
6ales of
from
$28,188,797
i
*—
i
^
,
,
,
,
Management fee payabler-.-.-i.-—"—i---Accounts payable for repurchase of treasury shares
the
books
^
of
the
—
carried
are
company.—V.
155,
their
at
$40,268,985
Co.—Earhings—^
the
that
revenues..—
Uncollectible opr. rev—
expenses.—
we
•
property
of
oper.
.
„
,
fff
284,405
•
efforts.
1,501
26,862.
50.
-:
•
;
35»i28.
.
•
..
; ;
„At
.
-1,601
$0,291
-167
;98,710-
.Net operating income
.-J-
Net Income
'
155, p. 1408.
(
'
'Net rwy«
;
Other
>
-
^
income
1600. 1
p.
*
$209,680
2,643
-
an
■
$599,206
9,129
0^17
126,031
•
Prov.
for
deprec. &
*
*v
the
Profity-.:.————-
mine
1942,
'
*
excess
Dodd
Bryan,
of
the
Gas
of
'
i
' ^.$169,715
profits
:
;
it
for
on
would
the
Endicott
and
the
of
:
.
■:
agreeing to
the
result
to
of
of
our
and
form
a
.-c
net
asset
Co.
war
for
a
had,
with
stockholders'
litigation
reached
a
the
'
com¬
might
be
various
P.
with
'
M.
.
of
the
several
operating
American
its
main
of
to
and
the
general
United States
construction
the
of
materials,
maintenance
programs
on
and
use
greatly affected.
made by corpo¬
were
Co.
:
.-M,
that with the
will
v./-'.
■\.^
'•■••
■
Y.-
steps taken and those in contemplation,
be in a
sound position
to meet the
by the emergency.
number of hearings had been held by the SEC on an
in 1940 for a report by the Commission on a
t.
appli¬
plan, of f
the
Commission
should
report
several
be
made
classes
that
there
concluded,
of
of
the
should
be
No
formal
of
action
voting
has
It
indicated
substantial
when
been
taken
that
a
corporation
in
the
last
modification
stable
more
report thereon has
yet
1941,
of the
power
was
some
upon
a
17,
June
on
voting
stock.
now
with
of
conditions
been with-
respect
to
any
power.
Having in mind, however, the policy
indicated, directors have been giving careful
thought to proposals for the revision of the capital structure of corpo¬
ration and a committee of the board have been
appointed to report
promptly to the full board on the matter.
the
SEC,
publicly
as
"On June
notice of
the
9,
1941,
Dominion
its registration
Public
Utility
as
Gas
Electric
&
holding
a
Holding
of
Act
filed
Co.
with
the
SEC
under the provisions of
1935.
Under date of
company
Company
June
16, 1941, the Commission extended until June 30, 1943, the sub¬
stantial exemptions from the provisions of that Act which had thereto¬
fore been granted to the Canadian subsidiaries of Dominion
Gas &
Electric Co."
Consolidated Income
Statement
for
Calendar
Years
1941
Operating
Other
1940
1939
$6,944,240
$6,702,596
$6,412,645
592,995
revenues
599,924
541,503
income
Income from .subsidiaries
In 1940
that
of
continued
created
a
^y
industry
task
subsidiaries
made
drawn.
in
liquidated
91,115
91,432
$7,393,636
$7,045,581
—
war
$7,537,236
maintenance
expenses,
4,090,228
the
489,973
hands of
shares
3,903,744
3,889,166
.$3,447,007
of
Provision
$3,489,891
$3,156,414
for
depreciation
and
amortization
620,295
685,393
'$2,826,712
Canada, Ltd.—Plans $35
y
*
Net
~
$2,904,497
$2,533,731
2,180,481
1,901,781
$563,648
$724,015
$631,950
are
will
more
losses
for
to
for
this
,
-
,
_
and
the
plants
year.
and
in
Canada
disruption of
622,682:
'•
•
the
entire bessemer
•,
1941.
the
Huntington
for
refining
Works
is
on
In
"?ur plants in Great Britain
on
are
full-time
a
Dividend—
^.
The
stock
to
directors
of
50
holders
Board
ill
United
on
cents
of
has
"
•
,
r
share
per
record
June
in
1.
dollars
all-on
pro¬
defense
A
this
similar
distribution
year.—V. 155,
•'i "
.
p.
by
United States
The Canadian
made
on
production
war
;
*
■
Subs.)—Earnings—
s
-
;
I®4.2
.
1941
.
sufficient ..to exhaust $116,789
accepted at the lowest offering prices.
$11'JS«?SS
serial notes-,;-.---——,
-
tax.:
i-
^
336,225
-
_■
JJ1.375
,•
livered
1,756,313
1,657,610^
v 1-858,045
,-*'2.195.000
4,548,000 y.3,317,175
onJune
4.—V.
155,
J $2,528,090
share.:*
—
■—-
$3,469,046
sx.ooy..
deducting administration expense and all charges for repairs
and maintenance.«• A further deduction of .$300,000 is made,in 1941 >
"After
p.
503.
in
1940
basis.
Total
footing
and
Total
are
net
consolidated
and
1939
such
the
income
Ry.
oper.
Net
rev.
revenues-_L.__
from ry.
Inc.
avail,
Net
income
oper._
for fxd.
chgs.
the
on
the
years
:•■
1940
income
amounted
;
to
Account
of
Corporation
for Calendar
Years
1940
1939
$218,275
$178,840
$295,584.
122,268.:
21,451
:
177,950
260,542
,
144,913
5,699
48,402
232,487
224,311
204,104
$639,870
$772,984
$684,676
206,812
143,659
208,240
$433,058
dividends
and
$629,324
$476,436
__—
17,805.
Income
:s
including taxes
income
of
"With
stock
on
March
S'.\ ;/!
'• •
income
have
is
exclusive of
directly
stated
been
carried
or
earned
the
31:
Balance Sheet, Dec. 31
.
rX'xy-y
1941
1940
$5,591,448
$4,864,673
3,048,697
2,662,997
1,455,547
1,455,547
1,396.608
1,823.626
95,653
466,318
.
Investments:
Dominion Gas
the
sinking
Accepted bonds
fund
will
must
,
Lehigh Coal & Navigation Co
Other
Investments
U.
Goverment
S.
Marketable
be
be
& Electric Co. & Subs—
General Water, Gas & Navigation Co
;—
bonds
*
:
—
securities
1942—Month—1941
Total
Other
$12,534,400 $11,368,821
investments
820,920
assets
145,144
—
1942—3 Mos.—1941
$700,334
$487,887
395,318
204,546
$2,046,511
1,154,062
254.039
187.487
T*fi.543
528.995
$513,825
$293,176
.
618.701
423,397
de-^
•
$108,978.
profits
to
prior
of corporation as at Dec.
31,
"*
net
which
approval of the SEC, regular quarterly dividends on the
preferred stock were paid during 1941. .The amount of
as in the past, initially charged to capital surplus,
but has subsequently been restored to capital surplus out of 'earnings
subsequent to Dec. 31, 1938.'
No dividends were paid on any other
class of stock during the year.
The following
summarizes, in condensed form, the balance sheet
$3.50
dividend
the
foregoing
investments
on
these dividends was,
-
,
income
1941,
Notwith¬
year
surplus.
common
of Central America—Earnings—
$180,385
Canada
1939.
between
Cash
] International Rys.
year
undistributed
—
expenses,
Net
currency, payable June 30
Foreign Exchange Control
common
in
of
amounted, for the
1941
interest
Other
Bankers. Trust-Co., as trustee for the first and
refunding 5%
fund mortgage bonds, series A and B, announces that offers
of
these
bonds, for sinking fund purposes, will be received up to
June. 1, 1942, at prices not to exceed 102Ms and interest.
Bonds in an
amount
Dominion
for
Interest
the
-The
:
and
$329,841
largely
•
"•••
or
earned
44,892
1408.
::
with
Interest
International Paper Co.—Tenders—
.
years
Note—The
dividend
disbursement
the
v
profits
to
agency.
war
a
of
directly
General Water, Gas & Elec. Co.:
in
was
States
Canadian currency
Dividends
output of
supplied
exclusively
carried
.
99th
the
decline
may
Income
respect to certificates issued by the company's Toronto, Montreal and New York transfer
agencies and in the
prevailing equivalent in pounds sterling in
respect to certificates issued
by the London transfer agency.
$51,431 loss$22,231
the
losses
heretofore,
as
United
on
compared
Income—
additional
material
raw
the
stated
been
Dominion Gas & Elec. Co. & subs.:
_
May 4 declared
approved,
States
f
is
Dividends
basis."
.
t
have
taxes,
$23,136 and $41,971, respectively."
full
matter
full-time
a
The
1941
and
had provided
we
discount
as
income
which
income
be attributed to increases in income taxes, in¬
crease
in
provision for depreciation and amortization, and to other
factors such as higher costs of material, wages, and the like.
"The fox*egoing does not include $30,380 of income undistributed in
1941
by California Water Service Co.. an unconsolidated subsidiary.
y,
United States Government
a
augment
net
of Canada
accounts.
provision for
and
$791,.940
and
a new plant at our Huntington Works in the
primarily
Co.,
to
at
nickel
foregoing
Dominion
standing this increase of $462,099 in these items, net consolidated
income only declined by less than $70,000 between the
years 1939 and
our
of
operated
were
Furthermore,
refined
..
.
a^S0 Provided
States,
Reserve
"Our
—-y .;y :•
of
unavoidable
and
S.
reserve
or
."The
taxes
a
capital outlay of nearly
additional ore properties, sinking
U.
investments
on
surplus
a
involve
opening
than
Note—The
munitions industry.
nickel we have undertaken
once
income
♦Other
.
five-year
to a total
.
tt
(
Net earnings
per
accord
that
•
1942,
1679.
p.
value
of
we
measure
Period Ended March 31
,
corporation
certain
an
advised
were
independent
that
and
•
20,
subsidiaries
annual
of
.
program
of operations the Government
has permitted us to amortize within a
mines
treated
we
United
Corp.—Merger With Parent—
Provision for Federal excess profits
Earnings
end
the
1940
plan to be determined
prevailed and the application for
the
throughout
Metals
44,607; '
87,180;
79,606 ,t;
/.;:;y---r-ly.
amortization
Depreciation of plants and depletion of minerals
Provision for Federal normal income tax——
,
Electric
the
of
determination
our
from
company
said,—V. 155,
which
calls
compensate in
duction
'
.
'
income "———
and
the
of
labor policy of which
a
and
us
unprecedented demand
program
This
facilities,
$14,949
'
bonds
&
among
$3,000,000 has been appropriated for equipment to turn out
special materiel for the United States
Army and Navy,
^
on
the
March
Canada
recapitalization,
a
sinking
"Net
both
redistribution
plant
April 30, the • company
comply with the Board's
establishment
Falconbridge Nickel Mines, Ltd., for which
': y.,
■
■
_
$162,633
tlncludes
tax.
■
$175,645
;;;
751,668
33j851
11,617'y .13,5,071
Inland Power & Light
Interest
of
as
operating
«"After
participa¬
by Thomas
1
May
on
the
directors
that
is
Nickel
working continuously
y
...
,:"60,000':;;.
.
and
effected
economies
"It is believed
company's
corporation
of Canada
1939
1
^
*375>000 "••.■ ^161,5P0
Inland Steel Co. (&
to
'
stockholders
directors
assist operating subsidiaries in
meeting construction require¬
Progress was made by General Water, Gas & Electric Co. in
reducing the amount of the 1943 maturity of its first lien bonds.
During the year corporation acquired additional bonds of Dominion
the
announced
,
1940
$373,055
p.r,89.
3 Mos. End. Mar. 31—
of
ration to
or
the
shafts
capacity
jSco Pacific sPower & light Co.—V. 151, p. 2944,,
?
by
ments.
lor 20 years—V. 155,
equipment,
t.
v
Public
$71,418
v:
•
"During 1941 substantial additional investments
cation
important
the
economic
v'
.
of
Insurance
period the amount of the expansion
program expenditures up
of $25,000,000.
We have adhered to the
policy of financing this
all other expansion
programs with the company's own funds.
Subs.)—Earnings—
,
*
Federal Income tax_l.--r :
...
managership
production."
war
company
Dominion
•
;y:'-
•/P'rov.:'f6r contingencies J
"Including
Security
Chairman
decision
long-term
$487,223
$144,647-
*
1941
$668,001
idle
■plant expense
—Prov:•for borjd- interest.'
facilities.—V. 155,
National
Expansion Program—
meet
"To
9,268
111,844
^
'
—
*
'
„
•
effected
business
tations in
installation of surface and underground plant
as well as the
enlargement of concentrating, smelting
refining works.
When this expansion
program is completed our
capacity will be increased, by
approximately 50,000,000 pounds of nickel
per *yeaiy oyqr 'the; J.94Q output, : ;yThla^xiite:-;v:.-ol
production will be
attained in 1943.
y
-
$172,163
y,
1942
;3 Mos. End. Mar. 31—.
v
'■•,•
of
disposition
in part:
1942,
board
management
with the result that
in the future will be
and
to
Prof, from opers. before
y ?provls.; for deprecia' tiohy interest,v Ctc..iy
of
manner
155, p. 920.
states,
Feb, *10,
the
stockholders.
situation
More than
.
North
.
; Industrial Brownhoist Corp. <&
'
of
Co.
Stanley, Chairman and President, at the annual meeting,
April 29, stated, in part:
on
and
$608,335
$279,895
1
*3,023
37,137
bonds surrendered for cancellation. ;
amount of $1,121.67 includes interest at 2%
ment the
Insurance
Phila¬
C.
expansion
of
^
on
sufficient
1,
of
distract
stock
$35,000,000.
321,954
-" y
$266,371 '
13,524
•
$212,323
* •
$78,668
*
416,765 '
'
-
mortgage
The
April
now
the
the
Assistant,
''For the duration of the
deposit with Chase National Bank, New York, an
pay $1,121.67
per each
$1,000 face amount of
'.v; y*y
per annum from
1942, to May 1, 1942.Under the offer and plan of settle-company will pay no further interest.—V. 155, p. 1408.
y. y
is
There
pending
with
expand during the year, and their capacities to render service in their
respective areas has been extended to meet calls for their services. How¬
ever, the national emergency has Imposed
many restrictions and limi¬
Advisory Committee at the Endito unify and guide pro¬
was
providing
of
International
"To
Indianapolis Oas Co.—Bondholders Accept Plan—
amount
of
"The
Chestnut
outstanding in the
the public
approximately. $6.01 per share, after providing for
to Mar. 31,
1942, and after deducting the reserve
$2,482,060 lor investments and advances,—V, 154,
p. 1631.
'
"All
first
is
however
$2,944,592,
held
$3,578,676
2,240,751
357,058
119,310
"
3;069
41,956
.
charges
Net
.
$123,693
from
income.
—V. 155,
•
$119,376
4,317
r
,
income
Total: income
deductions
Fixed
121,560
*
•
oper.Vine.—-
Misc.
•
y'5;^
'ir. ;
.*«
suspense
together
estimated taxes
Robert
;;
1942—3 Mos.—1941
$3,900,639
2,887,791
389,419
$1,341,029
$1,291,351
/ 941,036
782,992
159,057* ;
179,369
Railway tax accruals..,
Equip,' and Joint, facility rents
and
members
15,
Our
31,
Million
lWa-^-Month—1941
exps._
"$140,054
account
on
amount
2,263,063
of
ER.~Earnings—
'PeriodEnd.Mar.31—
revs—
189,476
183,974
228,929
(
Harbor Belt
Railway oper.
Railway oper.
Mar.
was
■
Indiana^
of
the
been
effective
to choose between
issue,
shall
common
$135,273 •
.102,388:
$116,588
75,687
$42,054
31,719
$37,306
23,471
of
♦Operating
Uvt
.
lesser
incurred
This
f' International Mining Corp.—Asset Value—
all
i
Sixth
will house
modern,
manager
Labor Board
task
production," the
$217,165 ".•
•
main
general,
i
244,874
r-
$215,465
^
Operating'
—V.
.
disapprove, or failing to comply with the order of a government
and risking disturbances which would hinder the
company's
no
1,165,443
Chandler, who had been
President
and
a
director
of
General
Water, Gas & Electric Co.,
relinquished these offices and a satisfactory settlement was made of
the salary contract heretofore
existing between him and General Water,
Gas
& Electric
Co., relieving corporation of the guarantee of this ■„'
contract previously made.
'
Group
agency
1942—3 Mos.—1941
$500,358
$462,490
$70,417
$73,484
.Net opcr. revenues...
lease
America
compusory unionism order of the War Labor Board was the
it did not want to take any action that would
''distract
its
:-MWe have had
;
m/I
w
1942—Month—1941
$166,844
$154,590
163
151
93,197
84,022
Operating
for
North
'
meeting
a
War
fact
in
President,
date
"Effective
corporation
more
Program
21
April
war
.Period Ended March 31—
Rent
the
Building,
general
this
make
Executive
of
from
the 1
on
of $17,903
expenses
investigation.
held
Yeager,
terminated,
pany
$28,188,797
—
of
cost
1408.
p.
Indiana Associated Telephone
Operating
in
and
Production
to
company,
the
with
i
—
investments
B.
groups
,;Y
.
Total
31
1941
1,530,443
Jinclude
being
"'Under
mittee,
maintenance of membership in
eight of its plants.
The com¬
already has notified the Board of its intention to comply with
33,587 v .wage increases granted
by the War Labor Board.
14,922 •
In announcing, its
decision, the company issued a statement in
which it said that the
only consideration that caused it to comply
•'"^Accrued; expenses'
Capital'
Mar.
$1,627,768
"$37,916
not
approval
union
49,193
• >
Estimated'Federal cap) stock & Massachusetts excise taxes
♦These
1013.
of
Baltimore
resident
of
decision
'v $35,070
—-
—«
of
plant of
as
IBM
consists
Following
.
'
,,
.
more
Departments
,War
a
so
notified
Liabilities—
$467,446
1,181,967
——
International Harvester Co.—Labor Agreement—
y
Ended
1942
$2,192,972
253,789
redistribution
-.>482 ;
119.921
,
,v~»
—-
Months
194,649
rearrangement of
of the committee, and Dause
is
Vice-Chairman.
The
com¬
representing the management and 25
members representing the 25
employee zones.—V. 155, p, 1753.
22,915,612
*
——
of
in
International Utilities Corp.—Annual
Report—
.
the net Income amounted to
year,
155, p.
and
continued
Barton,
Bibby,
mittee
3
"■
■
Commission
1941
W.
222,115
President.
L.
director
L.
3,796,218
treasury shares
the
Victory
Watson,
John
,
455,062
receivable——
interest
&
the
J.
—'
larger
Co.
main
work
r
$901,499
-z——„—___—
bonds
Y,
duction
♦Investments, at market quotations:
.
period last
Suburban
.
,■
.
■?.
—.
quarters,
under
in
45%
believed
.
Formation of
-
•-••V-/
.
:
•«
:
"
Ledger
Insurance
N.
Operations)
V-r
Public Service Commission.—V.
Advisory Committee Formed—
cott,
Code in effect
V-:;;v
^'r
Revenue
.
.Assets—
Cash
tion
of
252,007
from
International Business Machines Corp.—War Produc¬
,-v;
Bus
—
"Does
40,000
wbO(has directed the Metropolitan Department
been made at
and
Deficit
Indemnity Insurance Co. of North America, Alliance Insur¬
of Philadelphia,
Philadelphia Fire & Marine Insurance Co,
all
(Rail
■
revenues
Service
101,500
and obsolescence—,—..,
per share.—V.
,
„
Mar, 31, .1942, for Federal income
it is expected that the company will not incur liability for this
provision
same
rate
Company
,
'
»
the
at
rate.
1753.
p.
48,181
company and its affiliates
moved to the Public
and
Central
J'j
*
and surplus,. $41,158,116; unrealized depreciation of investment securi- ;■■■■.
ties, $13,102,091; capital, on the basis of stating investment securities
•No
i
tax
charges
Depreciation
Philadelphia, Pa,
Co.
ance
par), $11,701,705; balance of paid-in surplus ac- :
undivided earnings, $1,092,873; total capital stock
;•;* at market quotations, $28,056,024.
«,
contingencies
new
America,
Co,
.
•' '
.
income taxes—estimated
this
week
The
-'-.'-".v$1,092,873
investment
.
S.
or $0.43
delphia
earnings
'
accrued
the
Fixed
per'^"share—':$0.40
Streets,
earnings Dec. 31, 1941—791,384
Adjustment of over accrual of prior year taxes
^ c-
♦Exclusive of", realized and unrealized gains and losses on
securities
't
\v ^
j
A
1 '« <" *
/
\ '>
in
Taxes
for more than 60 .years In the historic
building at 232 Walnut St., the Metropolitan Philadelphia Depart¬
this
r
Undivided
"Undivided
i
Account
,
Expenses
^er having been lobated
old
ment
—
,
Total
due
Insurance Co. of North America-^-Moves Office—
--.i;:;,■■ 51,131 "
income
E,
■
81, 1942
1—i—$343,828
:
series
$879,242
Note—For the
.
Expenses ^
Net
*!i i' \
,--7
Income, , without deduction lor depletion
Earnings
EndedJtfarch
'
bonds,
1942
1837
International Railway Co.—Earnings—
as of July 15, 1942, at
Payment will be made at the First National Bank of
for depreciation
$502,848,
'-uv
3%
Capital stock outstanding
134
at
mortgage
for
increase
profits tax.—V. 155,
excess
'
and bond expense..
Net
Decatur, 111.—V. 155, p. 825.
h-
first
and U.
,
.
certificates
arrears
'
'
income
Provision
•
Incorporated Investors—Earnings—
;,V-:
outstanding
Interest
$88,019;*
formerly located at 417 /
Missouri Ave., East St. Louis, 111., has been discontinued.
The transr
fer office of the company for its common stock, 5% convertible pre¬
:
'^
Ky
tax
possible
J
the
„
*>":•
Reserve for
Illinois Iowa Power Co.—Transfer Office-—
of
approximately
"Preliminary Income Account—Three Months Ended Mar. 31, 1942
!
total, $198,443.—V. 154, p. 1004.
i
of
Inspiration Consolidated Copper Co.—Earnings—••
1
t
$409;
basis
the
on
income
of
subject to
Income
'
Arizona
construction,
for
reserve
1952, have been called for redemption
'
par),
gold bonds, 1948, $100,000; current liabilities, $126,244; reserves, $9,809;
contributions
provided
additional
an
interest.
....
Note—Federal
not
Chicago, .corporate trustee, Chicago, 111., or, at the option of the
holder, at the Guaranty Trust Co., New York, N. Y.—V. 155, p. 1512.
$187,344; 'current < assets,
\
;* VV ••"V
$50,000; first mortgage 6%
($100
plus
103 and
,
in-...
y
the
'
Assets—Property, plant - and equipment,
$11,095; vtotal) $198,443.. Y • *:' ■' '
1941,
been
Jan. .15,
v
$7,444
1941
81,
Dec.
$1,393
6,051
.
$11,323
-—
-
*
6.047
-'J,;.
of
.
value of
the
profits taxes for the three months
excess
have
•Bonds Called—
■
decline in
'
;
anticipation
and
1942,
of
$1,300,000.
'{Net deflcit-'ii':iT,i--A-X—$5,615
possible
J,
March
Revenue
'
for
reserve
a
Note—Federal income
ending
,
<
,29.471 y.
32,944
•:!
•.,-»
provide
ventories.
..
_
$28,235
$27,328
-
—
quarter, to
J;
Years—,-;vr1941
Calendar
Operating
Co.—Income
M>4M
-
$1,444,383-,
2,164.516
224,387,
$13,500,466 $13,757,724
74,182
Deduct liabilities
57.275
610,744
Net
of
balance
sheet
corporation
equity lor shares of
stock
$13,426,283 $13,700,448
,
*Mbhdaj^ May T Ij' 1942
>
FINANCIAL CHRONICLE
THE COMMERCIAL &
1838
,1;.
at
As
of
investments heretofore- carried as
reclassified as "other investments" and
certain
1941
were
aocrued
';"•
1940.
Water
of -the bonds of General
will
General
Gas & Electric Co.
Water,
of the bonds.
the refunding
to
,
series A,-4%. due Jan.
mortgage bonds,
of first
Other
•
Jefferson Lake Sulphur Co., Inc.—Earnings—
:. 1942
1941 :*:l
31—-••.'•.)
3 Mos.-End. Mar.
,/
*
Federal
for
Provision
;
and
$298,453
r
;
~
Exchange
$141,279
$245,453'
$$170,577
-
profits
•Gross
-
.
on
debenture bonds
;
int. &
,>■
Total
Total
2,515,765
taxes)xj—1—
.
312,612 *
&
•
$442,553
211,809 ^: 241,580 /
•
$839,215
$864,565
423,323
Avail, for interest, etc.
*
429,220
of debt disct.
Int. amort,
deducts.
etc.,
exp.,
■
'•
;(net)i-.*>-^r*^-rt—■*---7-—(■—r-
Other income
:
17,055
•" jti-.Y
*
Provision for
.
'
.
'
.
1
i,';
«
.
$287jl79
<
;
.
.v
"
,
-
-
,
1,717,101
00,000.;
675,203.:
—
Earnings per common
provision for depreciation
•After
•
*
1 r ' " '
1942 net earnings do not
$29,958.
amount of
$2,604,224
$2,114,866
•
'
-
.
155,
1601.
p.
.
-
,
31n
investments
3 Mos* End, Mar*
on
■
,
"1942
,.
*$450
*
;in bonds
pividends -from-
-
deposits in
bank., (prinrecovered
in
years)
prior
.—,—-
,
.
.
.
-
-
1,765
-----
.——
$35,886
* 13,723
•
..'v2,676
5,219
I-/;
-
/
871
'
-
--:-
-rr—rr>-
-
;
•
The
cost to
"first
this
$.3,603
before
Profit
:
t
?
Interest
expenses
3 mos;
March
31^.**—
ending
.
.
—
.
„
;
1
.
Quarter Ended
.
Mar. 31, '42
•'
*$90,160
$21,257
,
46,813
-
:
50,947
-
$31,655
•
.^53,008
•
.
„
<3'Mos.End,-Mar.<31-~
;
<
48,764
the balance
(arrived
at
*
In
net
the
is
market
cost, was as follows:
Depreciation as at Dec. 31, 1941
Depreciation as at March 31, 1942——
Decrease
$984,608
951,173
$33,435
Assets—
/
banks
in
Cash
receivable
Accounts
:
receivable
——
.■_-•
sold
securities
for
1942
$466,336
12.337
3,359
3,490,098
r
—
and dividends
Interest
Investments, at cost
L
; Total
Net
^
-Accrued
:
payable
for Federal
income
stock
Common
($1
—
—
par)...:
—.
Total
,r-V. 155, p. 503;
Iowa
Period
'
Other
taxes
for
Prov.
135,922
14,296
12,745
41,768
.
7,071
6,365
21,212
tax.
•
stock
$152,243
301,625
560.824
480,000
„
$124,729
$128,958
$1,295,701
:-•- 37,772
•
$2,908,779
oper.
on
Other
earnings.-
-
income
Total
Int.
net
earnings.—
bonds
mtge.
,'.-
etc.
$132,090
$127,777
43,308
•••-
-—
-
43,308
12,500
deductions
13,168
,
554,660
2,197,458
$165,943
V
303
1,176;
$712,497
63,705
251,357
;
'
r
4
.
^
'
33,063
299..
603,737
150,000
150,009
132,435
v.
149,
>,
per
p.
.
132,250
178,393
$71,948
$328,890
income
$60,967
$63,115
$531,338
$496,449
734 stores in operation
and
61
62
1 ^
iV'r
1>r'
*
-
of record May 22.
1941, .and 40 cents
This
on
^
1
directors
compares
Aug.
stock,
Net
Dominion
of
income
Note—The
V.
above
(Australia)
figures
Pty.
ago,
673 were in the United
1513,"- -.-y"i/
Ltd.
do
or
not
1941
$248,359
'
30 declared effective the plan for the
of the maturity date of the $10,000,000
more
been
gold bonds.
L. Wade Childress,/
than the necessary $7,000,000 principal
deposited by bondholders in approval of
their
Childress
Mr.
Corp.—V.
155,
said.
Under the terms of the extension
agreed
■
to purchase
include
the
Kayser-Bondor,
.
•
3,525
61,285
59,935
$0.32 *
earnings
of
" 1942 "
—
$761,415
-*——1—' -*450.411
share„__„_ir:—$0.60
the
of
-1941
■?
$724,372
t504.G12
$0.37
Julius
England.—
..
sum
of
•
155,
-
The
Wines
directors
common
Previously,
- 1942—Month—1941
1942—4 Mos.—1941
$2,014,540
$1,578,625 /$7,503,957
$5,144,945
pj 1754.
LaSalle
have
■
;'X Y
Bryant, Inc.—April Sales Up—
Period End. Apr. 30—
the
:
»• -
providing
Sales
—V.
$123,614 *
Ltd.,
1409.
p.
(& Subs.)—Earnings—
profit
Lane
•
$0.71
;
.
--
Effective^-
for income taxes at existing rates and in 1942
$75,000 for prospective additional Federal income
'
i. '" • ";••:•
tRevised
estimated
consolidated net profit after adjustment for
additional Federal income taxes enacted later in 1941.—V. 155, p. 1014.
$272,581
-A.
155, p. 1312.
year
deposit
of
them,
•After
73,401
taxes
Earnings per common share___—;r-L
1945,
stated that
bonds had
deposited
plus
•
.
1,
Earnings per common
with
228.098
—_——,—
and
A
155, p.
Quarter Ended Mar. 31—
.'
profit before Fed. inc; taxes (est.)
Net
1940.—
15,
1942
$575,124
operations——1—
Fed.
April
on
April
to
Net
■
1,044
for
* 1942—4 Mos —1941
at the close of April, 672 were in the «
Canada.
in
Canada.—V.
in
.
$14,190,104 $54,747,050 $47,280,056
$267,865
Quarter Ended Mar. 31—
Prov.
37,490 >
to it.
This offeris at par and accrued interest and will remain open for 20 days after *
the
extension
plan becomes operative, unless further extended by
'/
Depreciation
-y
$12.97
155, p. 1312.
$14.20
plan, Ogden Corp., parent of Laclede Gas, has
all undeposlted
bonds which are made available
$446,258
$461,140
44,347
•
879.
from
•
-19,541- ;
•
1941
$486,527
4/./
have been issued to those bondholders who
bonds, and extended bonds will be exchanged
for these certificates when the extension plan become operative within j
15 days.
Bondholders who have not yet deposited their bonds, but
with the extension effective prefer the bonds to the cash, may still
(Julius) Kayser & Co. (& Affil. Cos.)—Earnings—
Income
-
1942
$277,476?
plan.
have
254.912
share has been declared on the common
June 1 to holders
paid on Oct. 15,
1,--—ii-
1.
,
;
.' ^ '.;■•■:
.••
•
taxes.
135.036
;
•V
$116,295
V
$69,434
v\'
1.
—
Lambert Co.
dividend of $1
cents
$1,385,232
*-519,700
the
1529.
1
'
tonnage was caused- by labor strike.—V.
States
and
deposit
$102,496
provision),
Co.; Ltdir~Output~-*
4.;
$15,451,861
President,
$701,170
63,750
.
(estimated
($100 par); $350,000; common
surplus, $796,079; earned surplus,
refunding and extension mortgage 5%
1,208
$180,000
—
154, p.
Kayser
Net
Of the
United
$699,962
$166,246
—
income
on
capital
$3,154,834,-^V, "154, p. 1265;
...
States
2,051,878
$711,320
———
income
25
34,817
$1,333,473
12,500
11,002
interest
Amort.,
Sales
$2,751,841
$179,701
•
•
payable, $351,994; accrued taxes and
taxes
(S. S.) Kresge Co.-—April Sales—
"i942r^Month—1941
1942—12 Mos.—1941
$734,361
,
$1,799;
employees/ $l,214r real estate soldy
Period End. Apr. 30—.
The
626,041
—
accounts
Federal
$1,082,896;
produced
milled
amount
!
reserve for*
$526,6981 inventories,
insurance deposits and miscellaneous-accounts, $3,053;: •'
par),
extension
$791,984
income
f
cumulative preferred stock
•Note—Low
expenses
(net)
/
;194$:;X'YV:'Y^/
Recovery per ton
Co.—-Earnings
Interest
Net
Other
67,338
16,128
u
(less reserve),
receivable
contract
Production for First Quarter—
Tons
interest and other
payable
$1,350,415
3,132
•
U. $67,299
': 39
146,779
V88.060
/
Laclede Gas Light Co;—Extension Plan
Kaynee Co.—To Pay $1 Dividend—
160,550
556,055
447,000
retirements
•
76,851^
receivable—trade; (less
accounts
Kirkland Lake Gold'Mining
•
*$94,041
1942—3 Mos.—1941
—
($1
Ogden
$4,477,481
35,300
45,345
40,000
47,050
49.195
40,000
—
$759,012; patents-,-at »cost (less reserve-for-amortiza-^
$286,199; deferred charges, $36,025ptotal, $3,154,834.f
$277,814; total,
1513.
stock dividends-
—V.
[l
$4,437,082
1,923,062
• :
155, p.
Balance
1,919,765
$146,319
royalty
$54,540;
$241,510; 1%
19,095
*$12,845
bus—
operating
Pref.
2,263,799
3,049
inc.
80,987
expenses.*
$0.0f11
Liabilities—Notes and
insurance,
30,912
$87,250
trolley
income
Net
770
$4,602,090
1,963,940
-
1941'' -%'•
1
$13,800; land and buildings: not used in operations (less -*
$648,943t,
$219,807),
tion,
37,570
deductions
15,043
$427,098
177,495
$437,030
176,057
'
notes receivable,n-$5,fl00; landr; $36,434?* land improvements, ;
machinery and-equipment, etc,''-.(less reserve for deprecia--
buildings,
138,217
taxes
Total
A
earnings —
and maint...
Fed,
&
tState
46,072
$546,840
of
reserve), $6,497;
long-term
71,206
45,397
Gross income
,
Gross oper.
'1942';;
.
$L370,083 ' $1,093,979
f 949.829
-1,142,777*
• w-*—
$237,588;
cost
Certificates
Southern Utilities Co. of Delaware—Earnings—
End. Jan. 31—
- *1942—Month—*1941
*1942—12 Mos.—*1941
Oper. exp.
72,492
operat.
Net
20,000
203,644
$3,972,130
—
—
.
56,625
18,456
25,253
revenues
and
50,947
1,995,611
1,706,037
surplus
Earned surplus
Capital
'
55,725
10,330
Period End. Mar. 31—
$3,514
8,418
tax
for contingencies
Reserve
1,398,287
18,875
Total
*
319
20,000
187,260
other than Federal income tax.-
taxes
-Provision
$2,765
4,907
46,813
1 *
—460r;, ••;••;:/■»>
under contract,
,299,094
440,043
profit
Other
—
general
and accounts receivable from
notes
,558,677
6,205
24,819
Total
/
Dividends
:
•-<
Consolidated Balance^ Sheet; March 31,
$1,241,514;
1942—3 Mos, —1941
$1,896,106
18,575
security..-
Kansas Electric Power
1941
$631,395
13.087
2,220
3,830,778
profit
Assets—Cash,
Bullion
475,838
•Deficit.—V.
$3,972,130.; $4,477,481
——
-
Liabilities—i
Accounts payable and unclaimed dividends
Accounts payable for securities purchased
•
discounts, claims and doubtful accounts, $19,153)
1942)
$679,451
charges
Deprec.,
Balance Sheet, March 31
v.n
and
income
i\ * * 5,3
Co.—Earnings—
1942—Month—1941
31—•
Depreciation (railway)Depreciation, bus __—
Balance Sheet, March 31
'
Mar.
social
Fixed
from sale of investment securities, as shown
above, consists of profits $23,327 and losses $141,290 (computed on a
•daily basis).
The aggregate dollar amount of securities purchased was
$150,913 and that of securities sold. $403,488.
.
**
Earnings>per common
$14,606,194
$4,160,507
expenses
Operating
Taxes,
■.
—
155, p. 1409.
$51,210
loss
(2)—The
Note
1
-
i
Mar. 31, '42
revenue
oper.
Taxes, general
compared with
—
cents per share on
for the six months',
45
shares
Net profit before
Provision; for.Federal incom©-'taxcs*' (estimatedh-:A
,
($1,600,000 for 12 months ended March 31,
End.
Period
Total
of the company's securities,
Unrealized depreciation in market value
as
of
"S2r'
dividends received, payable May 15 to/
This compares with 50 cents per share
.
Operating
Other
deducting all expenses incident to operations.
Kansas City Public Service
•
the accounts.
taken up in
not
'•
administrative
Selling,
•
at March 31, 1942, are carried on
sheet at cost to the company, which is in excess of market
by taking the last reported sale or bid price on that date)
amount of $951,173. ' The difference between cost and
(1)—The securities owned as
Note
dividend
a
Funds series
of goods
Cost
tProvision has
in antici¬
pation of increase in Federal income and excess profits taxes under the
proposed Revenue Act of 1942.
Note—The earnings per common share for the 12 months ended
March 31, 1942, were $9.55.—V. 155, p. 1754.
•After
$21,577
.
/Kingston Products Coi'p. (& Subs.)—Earnings—
12 Mos. End. /
v
Mar. 31, *41
—$2,491,718
been made
•
Gash dividends
announces
Custodian
31,. 1942, from
record April 30.
of
tion,
. r——
corporation
Keystone
May
:
earnings
Profit
4,802
400 f
"
—312.
'
M
—:-
.Profit for the
:
•
—"-•••'/
tax •>--
come
!
$26,379
,,.$21,657.
$31,967
s;
•$90,160
tax. f '
Provision for Federal in•
Crl4,019 ! Cr22,776
Cr3,041.
-
„.
Net1 sales
prov*
inc.
Fed.
for.
-J
•
.
^ 117.963
.
paid on this issue on May 15 and Nov. 15, last year.—V.
has commenced
.
f
•
company,
in, first out"—
company,
holders
$12,028,736 $11,363,299 $51,866,844 *
Depreciation and depletion-^.
2,104,222
2,141,875
8,929,657
Amortization
of
prepaid:; mining
'*
V/..
^
.royalties,
rstripping, , and.
war
';
/•
emergency facilities
190,262
4,390,482
Provision for furnace relining,. rebuilding, etc.
11,513,948
1,581,813
5,874.190 Interest-charges
308,586
526,494 ;■• 1,256,201 ;
Estimated provision for Federal income and excess
2,952,610 tl6.810,060
profits taxes___
t5,420,000
7,345
.
-
a
Period—-
^
$17,948
basis of
the
on
1
X
new
ending
the opinion
♦Total
(
;
.
and Exchange Commission April
Jones &; JLaughliii Steel/Corp. (& Subs.)^—Earnings^— ;
:
.3,984
Loss from sale of secur-
i'r%. 'ities
;s
^
covering
2,094,156
/«.>--.■
v.
——-
$18,616
$27,803
----------J-
.
.
938
prospectus
_
$35,818;
$26,532 ;
,< 12,650 /
11,001 -
/-
'
the Securities
formed
the
•
of the defendants," states Johnson Automatics, "the
a mere 'nuisance' suit to harass them into >
financial settlement to avoid the trouble and expense of
vexatious litigation."—V. 155, p. 1754.
V' -l-ivr,: ic
"In
plaintiff
making
•
"■.:••• ■
,
rifle in: 1936.
•
' ."'J
.
: $43,125
12,619
taxes^-
•miscellaneous
-26,135
$35,818
,
*
-521
v
Exps. .of filing, registration
statement
and
Balance
- '
/
•
'
:Together ——-1—Expenses- —
Fed. cap, stock tax te
,
•
35,553
42,154
on
closed
cipal
•
$333
.
r
,
invest--
•••'.meats in stocks
Interest
•
•,
■ ;
Keystone Custodian Funds, Inc.—Smaller Dividend—.
sought primarily on legal grounds, Johnson
the opinion of counsel, the basic U. S.
Johnson Automatic weapons is not in
any respect, the same as the invention covered by the patents owned
by the plaintiff, Melvin M. Johnson, Jr., President of Johnson, states
that he never agreed to assign any
invention of his to the United ;•
Automatics, and that the only connection he has had with the plaintiff'
terminated prior to his own invention of the Johnson semi-automatic
1939 ;
I"^'* *«, ;
,j $397 ,
1940
1941
i
reported).'; See
;■ /
Dismissal of Suit-
state that in
Inc.
No.
••'
,
is
dismissal
Although
Automatics-,
previously
as
.••/•:•*•'_
to be known as the Frankfort Utilities Corp., will ;
to
assume
the
obligations of the purchasers under the :
agreement. The consideration to be received by KentuckyTennessee is,$1,350,000.
///ir j;.&■*
The application states that the proposed transaction is the initial ;
step in a general program contemplating the partial liquidation of *
Kentucky-Tennessee prior to the divestment by the Associated Electric
Co., parent of the company of its entire interest in the company.
See V. 155, p. 1679.
^
4c
.
.
*
.
•, ,
(not-May -10
9
■-
purchase
company has filed an answer in the Suffolk (Mass.) Superior
seeking to have dismissed a suit brought by United Automatic
Corp. on April 6, alleging conversion of inventions and patents
relating to automatic firearms.
v
"
"
'
"" •
American-Earnings—
Investment Co. of
,
•
for
be
Rifles
Patent
Interest
1
.
—
—V.
May
petitioned
Company
Court
v
record
Kchkcjky^cnncsscc^ght^iPowei^ Cu;^ ^To^Sell-
;A
preferred
preferred stock ($100 par), $7,100,000; 6%
Johnson Automatics, Inc.—Seeks
Interstate Department Stores, Inc.—April SalesPeriod End. Apr. 30—
1942—Month—1941
1942—3 Mos.—1941
■
Sales
$2,962,787
$2,679,822
$7,889,303 $6,548,669/,
\
■1
permission to sell all of. .Ttk physical1'"-properties and other
assets in Frankfort, Ky.,
in accordance with an agreement' between ">
the company and John Kirtley and Louis Cox, residents of Kentucky./ ;
•
$5,196,336; total, $92,675,203.—V. 154, p. 1728.
of
'*
29
par),
($100
'■
*
1942
$7,030,300; 5xk'hJ preferred stock ($100 par), $7,- '
910,800; common stock (1,053,770 no par shares), $10,537,700; longterm debt, $41,975,000; current liabilities, $3,844,203; reserves, $7,026,- *>
943; miscellaneous unadjusted credits, $236,692; contributions m aid
of construction, $540,298; capital surplus, $1,276,931; earned surplus, ;
stock
,
.
'.
• •,
,
Assets—
-
include any profit or
loss relating to investment in and advance to Intertype, Ltd., British
subsidiary*—V. 155, p. 306.
and
1941
Note—The
_
Liabilities—7%
—-----—:
$102,179
$122,910 '
'share--—$(M®/
of $28,807 in 1942 and $21,503 in
1941.
tlncludes non-recurring income
(from a partial recovery of \
investment in German subsidiary previously written down to $1) in the ;
Net earnings
1.
_
■•::
1,828,831 '
'
capital, $83,072,896; -current assets (inch $1,079,306
cash), $5,276,927; miscellaneous assets, $12,129; deferred charges,. $4,-. ;
181,051; company's own preferred stock held, $132,200; total, $92,-
75,000 ;
•
contingencies..-.—35,000
Reserve for
for
required
V; 155; p.
.
Assets—Fixed
;$247,910
..150,«00
•
Federal -taxes of $15,000 for the current ^
the 12 months ended Mar;-31,^1942; additional /
under the revenue act of 194L—V. 155
provisions
amounts
holders
$4,433,056 ^
$3,831,968
;
"
&
520,784
.
•
March 31,
Consolidated Balance Sheet,
146,938 :
:
t'-'
/--,
520,784' .:
.:v"»
The participating dividend-of $1,68 per share-and the regular ^uar- :
terly dividend of $1.50 per share recently declared on. the cumulative v:
participating preferred stock, series A,- afe payable' June *. 1 to •
v
$200,973
$270,124
i
-$112,834* $1,332;505 ! <1,651,490 i
K'x ^
and
"
>
-
and $45,000 for
the
p;: 1754.-
::
-
$435,344
$415,891-
dividends
for
Net
•
T—$1,130,706 :
tlncludes
month
$2,676,564
;540,000
613,500
15,000•^•■--15,000(*180,000- • •' 180.000
10,87X --.W 19,822 >: 229,860 •• "' 231,937
• -*• 5,327: ^/ ^/^. (X1- 28,028
"; v. v, 363
$106^50
Balance
10,420,148 , 8,203,803 >
1,417,656 •'• 1,311,298 •
2,057,930
'
expense^-—> 5354,496^*
Retirement
7.255
'
-
1942—12 Mos.—1941
•:
"•••:"••'■}*:•
(inch
exp.
oper.
Fed.
^
3,662:
.
$2,254,337
$3,235,108 $15,669,772 $13,948,159
revenue_„r ; $3,709,476
gross
;v
Dividends applic. to pref. stocks, for; period-—
Jersey Central Power & Light Co.—Earnings1942—3 Mos.-h-1941
535
$2,669,309
-
.»-'■•■)■.••?■,
incurred during eight months' test drilling for sulphur in 1940
Bay St. Elaine, which was charged off during
this quarter.—
154, p. 797.
/ ~
4
i
'
,
period Ended March 31—
$481,933
administrative expenses.—
4,093
$2,250,675
'/'>
deductions
Income
Net
to
r
-——-—--—--—
Selling and general
0*244 'J) 1,660
$192,121
% $192,656
<45,000/ C >' 45,000
mtge. bonds__j_
on
cost,
?
,
532,142
vV 620,870
60,000 ^~i727,500> ;^ 675,000
$180,894
lnt. chgd. to const.—Cr
provision for depreciation of fixed assets and depletion of •
sulphur and oil domes" ^Includes excess profits tax.* $Loss-."JT,•*
Note—The 1942
loss includes $68,504 of leasehold and exploration *
at
(net)—v
Int.
After,
31—1
Mos. End. Mar;
201,261
48,616
,
$180,851> •■■:•■ ; 43
income
Int.
21,800
'
'
Intertype Corp.—Earnings—,
iMX
)■
2, 515,695
>3^125
—w
revenues-
income
Other
Net ; profit
;
oper.
Gross
/
-
dividend on May,l,
the above
^
2,776,627.
-
X
$163,079
t53,000.
taxes
income
V.
'
•
-^02,500
res.
Amort,
of
"- investments
Other
1940
..
4$170,577
—i—
States
•Net .earnings
,
the Committee on Security Rulings of the New York
ruled that said prior preferred stock be quoted, ex
1942.—V. 155, p. 1679.*^".'.
'•
•
•Accordingly,
Curb
20.
April
record
—1941:,
40,991-^.1 -.746,030
58,671: ^
•■•.:.
appro.
limited-term
Net
Dividend* Approved—•
; ' :
- "
'
!
.
»
The SEC has approved the dividend declared by this corporation out
of capital surplus on its prior preferred stock, $3.50 series of 1931,
amounting to 87'^c per share, which was payable on May 1, 1942, io
of
204,521
81,229.
income- taxes-
taxes-
Prop.,r£tire.
1942—12 Mos.
.
.
$546,493 : $7,123,362.: $6, 597,300
221,803
tFederal
.
:
holders
,1942—Month—1941
direct
taxes,
1, 1961, have been called for redemption as of June 1, 1942, at lOOVi
interest,: out of moneys in the sinking fund. , Payment will .be
made at the Bankers Trust Co., 16 Wall St., N. Y. City, or at the
Co.—Earnings— irCv-'V'• I1
.$605,179
revenues
Oper. exps., excl.
.
,
:
:
$2,100,000. r The management of
is actively negotiating with respect, :
approximately
be
|
*>
v
option of the holder thereof, at the Harris Trust & Savings Bank,' ".
£
corporate trustee,-115 West Monroe St., Chicago, 111.—V. 155, p. 1513. ;>
amount
remain
the aforesaid transaction the principal
Water, Gas & Electric Co. which will
completion of
Upon
Kansas Gas & Electric
and
?
,
,
outstanding
1942
Period End. Mar. 31—
Co.—Bonds Called—
$47,000
of
total
A
v
It is
,
Iowa Electric
.
proposed that these; bonds will be secured by a first
mortgage on the properties of Boise Water Corp* , and the other two,
Idaho subsidiaries, namely, Natatorium Co.,. which is presently a subsidiary of Boise Water Corp., and Kellogg Power & Water Co., which
it i is proposed will become a. subsidiary of Boise Water Corp.
After
providing $200,000 to-Boise Water Corp. for the purpose of effecting
necessary
improvements to its system, the completion of which win
depend upon the status'.of the work with respect to materials priori/ties, it is estimated that General Water, Gas & Electric Co. will.
receive from Boise Water Corp. in liquidation of indebtedness presently
held by General Water, Gas & Electric Co., the sum of up to $750,000,
which will
be applied by it to the further redemption of its first
lien bonds-\ \
V
'*• - •••'•".
--'W
,"
interest.
for
tax
income
Operating
\Vjf
Corp.—Arrangements have been made for the private
sale, subject to the approval of the SEC of up to $950,000 20-year
SV2% first mortgage bonds of corporation, at a price of 101
and
Boise
tFederal
for comparative purposes,
at-40%.—V.155, -p. 1679. r?:!
•Restated
t
balance sheet as at
consistency, in the foregoing
for
included,
so
the end
of
securities
marketable
are
end
the
;
...
&
Champagne, Inc.—Larger Dividend
declared
a
dividend
of
15
cents
per
share
on
stock, par $2, payable May 20 to holders of record May 9.■'*
the
company
made distributions of 5
cents
each quarter,
Volume 155
the
last
Number 4071
'
payment: at
—V. .153,
399.
this
"
THE COMMERCIAL & FINANCIAL CHRONICLE
commission
been
having
rate
.
1942—3 Mos.— 1941
1942—Month—1941
$4,538,354 $15,363,097 $12,729,922
Operating revenues
$5,758,768
3,047,015
11,178,628
8,537,081
Operating expenses —3,875,271
Net ry. oper. income— ■%. 1,021,611
>901,245 ■
1,796,464 ; 2,535,318
Net income
310,638
.157,131
723,325
571,145
Period End; Mar. 81—
—V.
155, p.
1754.
Net profit
sales—
.-.
to
Unrealized
$1,230,028 $10,309,029
78,826
896,008
$2,962,673
189,104
—————
Sundry charges
fluctuation
.Canadian
.
Fed.
-
1___.
and
50,000
521,179
profits /tax i ^ 1,207,122
'
297,921
236,946
inc.
-
'
'
excess
28,131
300,000
———l
50,000
normal
surtax
.
of
exchange..
tAppropriation
Fed.
inc.
of
—V.
1,159,158
626,156
$566,335
$0.75
$123,638
$0.77'
191,600
above)..
$2,926,992
" $3.97
$682,914
I
-*
•
•
-
1942
...
Treasury tax notes...
Receivables
-
•Securitiesewned at cost
-Accrued int. receivable
(less depr.)
employees' stock purchase trusts—
Other assets
'J.
.__.il
,
Common
stock
dividend
State,
Provision
for
Federal
-
social
security
cumulative preferred stock
JCommon stock (no par)
surplus
219,226
619,801
—
($100 par)—
3,180,000
iJ-—
10,690,745
i
8,149,352
—
...
—...
I)r525,932
Net
N.
Y.
is
in connection
with
the
war
stock is entitled to dividends of $1
and
is
into
convertible
time.'-
to
as
two
Holders
Capitalization
of
shares
of
the
Each share of preferred
class
the
class
A
without
stock
A
stock
are
of March 18, 1942
as
None
131,500 shs.
131,500 shs.
—.
200,000 shs.
•13,500 shares of authorized but unissued class A stock are reserved
the exercise of warrants now outstanding, and 200,000 shares of
class A stock are reserved for issuance to. cover the conversion priv¬
for
Attached
to the $1 convertible cumulative
.
—-
-
earnings
_l
after
1941
>
_;
r,„
■
of
Vt.
22,920
184,681
'
,
•$50,400
1942—3 Mos.—1941
$5,989,989
$5,380,673
.J
Subs.)—Earnings
1942
,
charges,
including
taxes.—V. 155; p.
provision
1014.
Red Lake /Gold
for
1941
$312,162 V
$310,421
$0.52
Federal
$0.52
and
income
■
Mines,
:
Ltd.—Earnings—4
■
Earnings for Quarter Ended Mar. 31, 1942
hoisted
ore
Value
26,275-tons
sorted-»__^*--_^^_i-«--,-—4,836 tons
in
Canadian
funds
of
21,439 tons
:
.341
bullion
produced
and
It
is
oz.
96.9%v
:
mar-
•
■keted.--—
$272,571
estimated
that
Mack Trucks,
$175,495
tEarnings
161,481
46,268
401,242
1942
-
share..
per
1941
$$770,333
depreciation,
maintenance,
repairs
•$111,448
profit
of
$36,550
ton 597,335 shares common stock
■tAfter
and
Nil
Federal
estimated
(no par).
>
depreciation and provision of 70 % Federal income and
taxes
and
after
reserve
a
of
$250,000
for
excess
contingencies.
V
.
Madison Square Garden Corp.—Larger Dividend—
$0.16
$35,82i in
1941.
The
have
directors
declared
dividend
a
of
50
cents
share
per
on
stock, no par value, payable May
20 to holders of
12.
On Feb. 27, last, a distribution of 25 cents was
made.
Payments in 1941 were as follows: Feb. 28, 25 cents; May 21,
35 cents; and Aug. 29 and Nov. ^8, 25 cents each.—-V. 155,
p.; 1514.
common
record
May
.
sale
from the
arising
•!I$94,869
$0.19
taxes.
$$120,951
$0,38
by $37,833 in 1942 and
1939'
1940
*$659,359
$l.i0
$1.29
175,000
$301,029
$$257,399
$0.35
$0.20
non-recurring
a
Inc.—Earnings—
3 Mos. End. Mar. 31—
Net profit———
.
Mahoning Investment Co.—Transfer Agent—
Subs.)—Earnings—
1942—Month—1941
$10,603,272
revs
1942—3 Mos.—1941
$9,017,473 $26,784,320 $22,412,303
oper.
-
.
taxes
credits—
3,311,706
4,016,645
$6,586,627
197,517
»
13,174,488
.
'
1
11,301,674
$5,705,766 $13,609,831 $11,110,629
-
197,048
$6,784,144
158,523
976,354
1,089,377
Maine Central
:■'•'■
■-
;
207,786
675,274
976,001
Taxes
890,192V. 3,697,069
415,392 1 4,095,229
3,284,815
1,661,523
1939
1940
$1,064,113
$570,774
88,798
1,168,398
71,671
'
Balance
v
$6,118,612
Joint
303
$6,118,310
.
York
New
S.
Commission
authorized the company
to issue $10,000,000 3%%
sinking fund debentures and $883,000 of
unsecured
notes
for
the
purpose
of refunding $5,178,000 of bonds
outstanding at higher interest rates and to pay off bank and other
loans
the
in
authority
It
to
amount
issue
$5,890,000.
$11,000,000
understood
is
of
that
purchase $6,000,000
May
of
21,607
Combined:
-
4,770,738
1,519,861
2,232,511
58,333
estimated proceeds from the sale of 80,000 shares of
after deducting underwriting commissions and ex¬
-
337,367
160,469
,
shares of preferred stock
reserved by
the corporation for use in exchange transactions are
used for that purpose, the corporation will receive no cash proceeds
on
such exchanges, but in consideration thereof will receive
certain
outstanding shares of Rollway Bearing Co., Inc., evaluated at $49,000,
However,
if 3,500
andt on which' exchanges the corporation will
ari
underwriting
Net
120,545
98,302
$330,390
$315,282
$811,381
$832,713
165,380
168,420
480,430
$165,010
$146,862
$330,951
—
proceeds
The
petitioned
company
for
Life
Mutual
Insurance
Co.
the
debentures
be
will
used
follows:
as
income
have
directors
in
addition
on
the
of
the
been
Payment
outstanding 6% secured gold bonds, due July i; 1945,
for redemption as of July 1, 1942, at 101V2 and int.
called
will
be
made
the
at
Central
Hanover
Bank
Trust. Co.,
&
70 Broadway, N. Y. City,
trustee,
All of the outstanding
5'/2% gold debentures, series A, due April
1, 1952, have been called for redemption as of Oct. 1, 1942, at 105 and
Payment will be made at the Guaranty Trust Co., trustee,
interest.
140
Broadway, N. Y. City;
may
for the
with
interest
and
above bonds
respective
will
total
A
of
agreements
issue
receive
the
at
full
debentures
or
at
the
place
time prior to date set
redemption price together
any
accruing to redemption date.—V.
be
made
out
$148,000
of
redemption
of
at
series
as
the
of
B
office
unexpended
unified
due
of July
of
sinking
155, p. 1754.
mortgage 4%
Jan.
1,
1,
1942,
the
71
(with extension
been called
have
105 and interest.
corporation,
fund
bonds
attached)
1960,
at
moneys
on
Like
an
extra
dividend
of
10
cents
per
quarterly dividend of 40 cents per
$10, both payable May 15 to holders
amounts were paid in each of the 23 pre¬
Period End. Mar. 31—
Total
.
Co.—Earnings—
1942—Month—1941
Broadway,
N.
Y;.
$291,022
$3,916,052
2,058
1,825
22,969
26,678
$327,521
$292,848
$3,939,022
$3,470,391
261,886
214,765
3,143,852
2,520,585
earnings ——$65,634
$78,083
Gross
revenues—
revenues
—
Oper. exps. & taxes—;
Net
Total
accr.
stock
•stock
22,568
$55,514
$495,773
$621,446
13,460
161,530
161,530
$26,982
$42,053
$334,243
$459,916
328,359
-
pref.
for
com.
—_—_—w-
—V. 155, p.
$949,806
25,191
$795,169
299,396
13,460
$5
on
—_____
avail,
Bal.
$3,443,712
$40,443
charges—*
fixed
Net income
1014.
Marshall Field & Co.—Earnings—
Quarters Ended Mar, 31—
Profit
before Federal
Provision
Net
for
Federal
1942
taxes—
profit after Federal taxes
for inventory decline
—
Balance
•$665,739
654,097
—200,000
!
*
$1,319,836
$994,212
:_
1941
$2,840,605
1,846,393
taxes
$794,212
$665,739
$0.40
$0.23
Earnings per common share
•The
profit of $857,893 reported a year ago proved to be $192,154
too high in the light of Federal tax requirements not accurately deter¬
until a later date.
The adjusted quarterly profit figure of
$665,739 is therefore presented for purposes of comparison.
Sales and rental income for the quarter ended Mar. 31, 1942, were
minable
over the
corresponding period
a year
earlier.
Federal
tax
provisions for 1942 (normal taxi surtax and excess
profits tax) have been based on the best available information con¬
cerning the rates likely to be effective when the 1942 Revenue Act is
passed.
The reserve for possible future decline in market value of inven¬
tories, as indicated above,
was increased
by $200,000 in the first
-
quarter of 1942, and now amounts to $1,000,000.—V. 155, p. 1601.
Massachusetts Investors Trust—Quarterly Report—•
City,
1942—Month—1941 V 1942—4 Mos.—1941
$4,788,010
$4,241,046 $16,718,631 $14,082,091
operated 203 stores in April, 1942, as against 199 stores
in April, 1941.—V. 155, p. 1514.
1942—12 Mos.—1941
$325,462
oper.
Non-oper. income
Massachusetts Investors Trust reports
deposit
ViMcCrory Stores Corp.—April Sales—
The company
$338,115
par
Afar ion- Reserve Power
to
$14.22
per
outstanding
Period End. Apr. 30—
'494,598
,
regular
ceding/,,quarters.—V. 155, p. 603;
Payment will
with the sinking
fund agent, the Central Hanover Bank & Trust Co.—V. 155, p. 1754.
Sales
1.
May
declared
the
stock,
$26,262,825, an increase of 21.6%
surrender the
above
redemption
record
to
capital
Provision
Bonds & Debentures Called—
of
37,281'
155, p. 1410.
Div.
(1) To redeem at 105 Vi
series A 5 V2 %
debentures amounting to
$1,311,000 and due April 1, 1952.
(2) To redeem at par $3,867,000 of 6% bonds due July 1, 1945.
(3) To pay $2,000,000 owed by the company to three banks.
(4) To pay not less than $2,800,000 of aggregate indebtedness of
$3,633,000 owing to the Empire Power Corp., due March 31, 1942, and
$167,000 owed the Empire Investment Corp., the latter corporations
being affiliates of the Long Island Lighting Co.
The balance of the
debt owed the Empire Power Corp. will be paid out of $833,000 of
unsecured
notes
authorized
by the Commission.
The
total funds
required for the operation is slightly more than the amount authorized
by the Commission, and the company will have to meet such balances
out of it$ treasury.
All
$7!34,411
"'
etc.)
share
will
of the
from
721,656
$690,836
Manufacturers Casualty Insuranee Co.—Extra Div.--
.
for
Net'earnings after taxes-".-.-—---
$278,001
65,258
.
1
debentures, and John Hancock Mutual Life
Insurance Co.
will take the balance.
The $883,000 unsecured notes
will be taken up by Empire Power Corp.
'
At the same time
the Commission
criticized the company for its
financial and investment policies and its failure to provide adequate
depreciation reserves.
The
147,575
$287,407
42,983
debentures.
Northwestern
2,411,692
303,102
102,654
23,828
income
terest,
$6,277,209
on
2,989,484
524,224 -
59,447
23,579
——
The
P.
808,406
146,551
•
$3,669,436
Deductions (rentals, in-
155, p. 1680.
The
"
219,569
36,628
$4,372,456
income
oper.
income
Gross
—V.
Long Island Lighting Co.—$10,000,000 Debenture Issue
Authorized—To Be Sold Privately—- ;
—;
/
-
1942—3 Mos.—-1941
,
$1,316,233
(Dr)
share
949,087
146,051
{Dr)
rents
)ry.
Other
457
$4,389,136
$4,696,479
i
facil.
Net
$6,277,666
308
V
310
36,726
2,147,602
$4,389,444
$4,696,789
V
co
" ,1,045,964
:
Equipment rents
/
1942—Month—1941
$1,613,147
revenues
.'Operating expehses;
$5,695,028 $13,910,911 $11,224,005
917,582
1,011,250
RR.—Earnings—
Period End. Mar, 31-~
Operating
$5,902,814 $14,586,185 $12,200,006
$6,625,621
income
Manufacturers Trust Co, has been appointed transfer agent for
capital stock of Mahoning Investment Co.—V. 139, p. 3645,
f.
the
Louisville & Nashville RR.—Bonds Called—
•
$173,163
Dry tons milled
Average grade of ore milled
Percentage of extraction..,—
$8,098,360
904,942
260,000
149,557
charges
Holders
191,316
earnings after taxes—.———
Purpose—The
preferred stock,
penses, will be $932,488.
199,043
,
1,091
$32,550
flLoss.—V.* 155, p. 1313.
income
sub.
—V.
Rollway Bearing Co., Inc.:
—;
all
'
-
•
'
.
197,118
42,411
414,259
84,363
209,729
___.
income
specified
$2,623,135
———
taxes...——_
Sales
Sales
200,562
364
—/„
Mckenzie
profits
income
Net
for
Lipe-Rollway Corp.:
65,613
Stores Co.—April Sales—
profits
$0.44
'
1942—6 Mos.—1941
22,176
Minority int. in net inc.
preferred stock.
Earnings, Years Ended Dec. 31
gales and
,
Net
excess
•After
Prov. for Fed. inc. taxes
have
Net
•After
$1,019,506
$8,618,489
1,214,816
.
Depree., depl. and amort.
Issued
Authorized
——
3,75
$149,733
'
McGraw-Hill Publishing: Co., Inc. (&
year,
215,058
income
Net
*
———
—.
120
$373,725
155, p. 1514.
the
oper.
Income
share per annum, payable quar¬
per
$1 convertible cumulative preferred stock—,
100,000 shs.
Class A stock
——-—-.
*400,000 shs.
Class B stock
$149,358
*
current
the
100,198
/
Gross
for
entitled to
dividends of 50 cents per share per annum in any fiscal year, cumula¬
tive if earned,
after providing for any accumulated dividends upon
the outstanding preferred stock, and in priority to any payment in
such year on the class B stock.
Thereafter the holders of the class A
stock and class B stock share equally, share for share, in all further
dividends declared
in
such fiscal year.
Dividends on the class A
.stock during the second half of 1941 amounted to, 30 cents per share
and during the first quarter of 1942 amounted to 12 V2 cents per share.
Corporation will set aside a purchase fund which shall be applied to
the purchase of the preferred stock at the lowest price obtainable,
not- exceeding $14 per share and accumulated dividends.
Sales
—V.
securitiesr--y. 155,. p. 1313.
other
concerns
program.
and cumulative whether earned or not.
limitation
ilege
of
723,968
charges
Oper.
C. Lipe,
W.
.Lipe-Rollway and Rollway have four plants in Syracuse. The Lipe
plants are the main plant where machine tools are built, the clutch
parts machining plant and the clutch assembly plant.
These three
plants contain approximately 57,900 square feet of floor space.
The
Rollway plant contains approximately 37,000 square feet of
floor space and houses the entire Rollway operation.
Preferred Stock Provisions—The $1 convertible cumulative preferred
stock
67,434
income
McLeilan
1941
$0.67
697,609
purchased, ■
exp., maint. &
.
use
£••'■;/■
Earnings per common share—,
$5,015,253
Period End. Mar. 31—
Inc. The name has been
changed to Lipe-Rollway Corp,
in
connection with the proposed
acquisition of# -controlling interest • in Rollway Bearing Co., Inc.,
which will be. consummated.-.upon, completion of this financing.
The principal products of Lipe-Rollway Corp. and of Rollway Bearing
Co., Inc., are: (1) Lipe-Rollway Corp. heavy duty automotive clutches
and .machine tools; (2) Rollway Bearing Co., Inc., roller bearings. ?
Lipe heavy duty clutches are used by a large majority of the truck
manufacturers of the country in trucks and other vehicles of 3-tons
capacity and heavier.
The users include General Motors, White, Mack,
Studebaker, Le Tourneau, Autocar, Brockway and other nationally
known, manufacturers.
Corporation will begin production in the near
future of an article which it has specially designed and developed
as
debt
250,281
1
$373,605
$98,526 '
•Net income
1942—3 Mos.—1941
profit
Gross
the oldest manufacturing
was
established in 1875
of
one
business
The
2,355,898
251,602
;
57
$194,783
funded
on
^
Period End. Apr. 30—
1942—Month—1941
Sales
—$2,321,619 $2,160,491
...
Syracuse,
36
income.^
$127,349
•Deficit.—V. 155,- p. 1409.
underwriter.
■
and
end
Lone Star Gas Corp. (&
Agent and Registrar—First Trust & Deposit Co., Syracuse,
Business—Corporation
terly,
$98,469
Net
$31,589,143 $25,040,119
Co., Inc., New York on April 30 of¬
fered 76,500 shares $1 convertible cumulative preferred
stock (par $10) at $14 per share. In addition 3,500 shares
are being reserved by the corporation to be used to ac¬
quire part of the-outstanding stock of Rollway Bearing
Co., on an exchange, basis.
many'years has. been known
$3,116,495"'
The
——I
Lipe-Rollway Corp., Syracuse, N. X-^tock Offered-—
for
the
L
$lncluding
:pf
Barrett Herrick &
in
at
exceeds the actual estimate
Dr525,932
Gas
v
84,258
$194,747
Interest
provision for social security taxes and group insurance preminums, interest, depreciation and Federal income taxes.
tThe provision for income taxes is stated as a round amount which
^Represented by 718,066 shares—V; 155, P* 1122.
Transfer
$399,640
Interest ori unfund. debt
•Before
1942 and $1,494,363 in 1941.
tAfter depreciation of $9,193,449 in 1942 and $8,598,784 in 1941.
.
is principal
Inc.,
1941.
$11,761,368
2.92
Earns, per com. share..
•Market value* $2,320,782 in
r
Co.,
$4,706,673
income
on
JDr78,240
—,—-
$625,207
'. 82,853
Gross
■(■Tentative provision for
U. S. and Can. taxes
165,850
280,170
3,180,000
10,690,745
7,137,608
„
Preferred treasury stock—at cost...
Common ' treasury stock—at
Total
of
Depreciation
53,332
....
■
...
6'/a%
360,957
$182,727
$277,600
revenue
Operating income__C_
Non-operating income-
1,555,083
127,952
taxes
Reserves
Earned
were
ratio
profit
Interest
488,503
5,596,743
taxes.
income
operating
Taxes
charges,
Prov. for social security
taxes and group ins.
171,115
649,972
Provision for capital stock taxes
Provision for
&
1942
sales
•Net
—.
342,231
taxes..—1.
,381,591
Liquid Carbonic Corp. (& Subs.)—Earnings—
103,350;
payable..
and Canadian
local
Herrick
Period End. Mar. 31—
Net
$1,740,293
101,231
on Govt, contracts..-i—
stock- dividends payable.:.—r
...
>£ 120,210
;
changes.
premiums
$2,286,061
230,000
Net
Low grade material
.
payable
2,525,403
w
assets
a
$3,532,201
804,303
operating profit, before depreciation and taxes,
amounted to .$127,000.—V. 149, p. 3267.
v.
$31,589,143 $25,040,119
deposits
Accrued
425,970
,129,846
'
1942—3 Mos.—1941
$1,107,240
862,609
'
liabilities were $4,compared to 3.98 a
year earlier, due chiefly to the greatly increased accrual for taxes,
which the company carries as a current liability.
New working capi¬
tal, however, shows an increase from $7,206,891 to $7,736,196.—V. 155,
p. 1014. If
8,290,100
3,000
650,062
-
Total
Preferred
when
$1,249,405
all
Current
8,916,784
on «ecuritiesL,i.j.i.—a.-
tProperty, plant and equip., at cost
».
Total
1,727,132
'
5,041
Interest in
Operating expenses
Depreciation
and
025,172,
2,340,283
2,926
——
1942—Month—1941
revenue—,'$1,270,056
Federal and State taxes in
other
5,663,595
6,264,773
-
Operating
including depreciation, provision of $943,337 for
State income taxes and Federal excess profits tax, and
adjustments amounting to $119,000 to
reflect changes in inventory
and accounting practice in
1942 and after provision of $331,500 for
$2,436,415
8,986,797
---■
->«
Corp.—Earnings—
Period Ended March 31—
1313.
p.
•After
-1941
-
6,685,906
-
—
Liabilities—
and
profit
Federal
580,000
—-
-
Inventories
*
EaTnings per common share_l^_________i__I—_
$492,614
$3,650,477
—
——
Special
■
^
cash
Accounts
Los Angeles Ry.
/
Lit Brothers (& Subs.)—Earnings-
$2,656,759
$3.58
■
possible future inventory price declines; and
.*
\
Consolidated Balance Sheet", Mar. 31
.
Assets—
S.
—-
for
reserve
tontingepcies.
U.
415,000
^
incpme'..jL___.. :;; $580,268
tTo
of
Quarters Ended.March 31—
•Net
Earnings per shr. com.'
.
total
a
j
Years Ended Jan. 31—
rates:JJ;. 415V0QQ
•Deprec.' (incl.
155,
/
probable increased
Net^^
iti
As the commitment of the underwriter is for $297,500 (25,000.
shares), most of which i&required to exercise the options outstanding
on Rollway's
stock, no absolute assurance is made that any additional
preferred shares will be sold and that any additional working capital
Additional prov,-on acct.
tax
if
Underwriter—Barrett
50,000
1,645,138
4,097,757
proceeds,
-will be realized,
34,270
-
first
'
ments may necessitate
$4,798,919
272,574
-
arising
/from
Therefore,
and issuance estimated at $19,512, to increase the working
capital of both the corporation and Rollway, to add to inventory and
to acquire such additional
manufacturing facilities as may be required
by the expansion of both companies.
No specific allocation of the
proceeds has been made by the management as unforeseen develop¬
V
loss
$1,470.
tration
$2,889,813 ..$1,167,773 $10,050,063 .$4,467,742
•
72,860 • •* <■ 62,256
• 258,966
. 331,177
.
income
-Total
exceed
received,, will be .used to acquire
the outstanding capital stock of
Rollway Bearing Co., Inc. Approxi¬
mately $286,023 will be required to pay for approximately 72.5% of
Rollway's voting stock and 67% of its capital stock now subject to
options held by the corporation, and
approximately an additional
$122,000 will be required to obtain, if possible, the remaining shares
of Rollway's capital stock.
The balance of the estimated net proceeds
will be used to pay the
expenses and fees in connection with regis¬
$8,949,843 $49,713,422 $31,489,118
.7,782,079 39,663,359- ?7,021,3.76
—10,798,429
on
The
1942—12 Mos.—194L
1942-3 Mos.—1941
.
customers—• $13,688,242 *
to
capital surplus.
(& Subs.)—Earnings—
31~r:
Period End. Mar.
•Costs" of sales
Other
v
>
Link-Belt Co.
Sales
to
are sold and exchanged, the net cash
proceeds, after deducting all commissions and expenses will be $889,368.
An amount equal to the
par value of the shares, sold will be credited
to capital stock
account and the net
balance will
be
credited to
Lehigh Valley RR.—Earnings—
i
not
-1839
80,000 shares of preferred stock
"
\
estimated
was
on
share
that
on
March
date.
At
31
the
on
that net asset value amounted
5,942,499
close
of
last
shares
year
$15.57 per share on 5,870,592 shares outstanding.
shareholders
of
net
the
asset
Trust
value
The number of
during the first quarter of this year increased 1,069 to a
total of 49,944 on March 31, 1942 and outstanding shares increased
•; by 71,907.
v
'• ■
•■/
■-■•■■
-...
Pointing out that since the declaration of war in December great
"■industrial, social and economic changes,have taken place, the trustees
,
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1840
state:
total
"While
burdens
that
will
be
available
for
production is surpassing all previous levels, tax
much greater.
We are of the belief, however,
very
corporations
meet
can
their
tax
burdens
and
still
have
income
Gross
distribution of $2.50 per share was made on
were
Arrears
dividends."
income
_
Expenses
___
_
_
12 Mos. Ended Mar. 31—
Total
$1,033,628
which
Assets—-
-■
required
distributions
...
of
Net
Assets,
-
_______
.
1942 not received
on
11,475
.
—
35,000
that date—_
408
i
payable April 20,
taxes
_
1942__
repurchase
—
$3,179,741
of
The
;
—
lative
$1,135,061
;
market
at
selling
quotations
ex-dividend.
include $429,574 dividends
Securities of companies in¬
of
April
28
on
on
Of
preferred stock, par $55, to holders of record April 22.
following payments were made on these certificates:
April 25, $1.05, and Aug. 1, Nov.
'
p. 53.
allowances
Taxes
$2,934,781
including
of
946,769
taxes)
i.
1
51,973
17,276
43,284
,.
>28,819
4,446
39,540
—
1,963
,
$399,233
$254,600
$115,049
7,050
4,768
3,134
• •
%.•
'*.
$406,283
3,698
3,870
deductions
Fed.
sufficient to
price of said debentures, plus accrued interest.—V.
Net
income
Earnings
$118,183
,3,206
$259,368
6,354
share
45,400
20,700
$154,455
_
*173,000
$229,412
$207,613
Month of January
$0.39
$0.96
excess profits tax.
tlncludes depreciation of $2,092 and
of $16,557.
v/v<//:<
Note—Adjusted net profit for first quarter of 1941 was $174,932, or
70 cents per share on common.
Net
„
Balance Sheet,
Assets—Cash
hand
and
March 31, 1942
deposit, $525,044; special deposit for
post-war readjustments, $158,696;
U. S. Government and Canadian
bonds at cost (market value, $25,700), $26,325;
notes and accounts
receivable, customers'
(less reserve for doubtful accounts, ,$15,500),
$1,280,096;
on
on
accounts receivable, $4,748; inventories (estimated),
$2,416,000; cash surrender value of life insurance, $8,050; fixed assets,
other
at cost
(less reserve for depreciation, $633,893),
patent
applications
deferred charges,
(less
reserve
$58,724;
■'
$365,991
earnings
shown in Canadian dollars
average rates of exchange.—V. 155, p.. 1602.
'
V
Liabilities—Notes
for
$22,744;
$34,441),
amortization,
as
12 Mos. End. Mar. 31—
Total
operating
Net
banks,
.___
1
Net
of
$3,322,487
$2,253,797
$1,782,216
4,269,977
95,671
operating
Other income
2,882,753
2,084,444
80,505
79,622
56,069
82,759
26,654
$729,780
$276,470
profit.
(net)____
18,499
18,418
$63,077 loss$60,663
-
10,515
14,542
$748,279
24,839
1,739,156
85,305
</
and
discount
profit
Interest charges, etc
—
$291,012
980
for
Prov.
Fed.
&
27,524
..
*'543,000
preferred
Gross
record
profit
,
-
t$184,442-
t$180,440
$33,181 loss$94,565
♦Includes excess profits taxes.
tEquivalent after quarterly dividend
requirements on preferred stocks to 33 cents in 1942 and 34 cents in
1941 on common stock.
"
,
,
Unfilled Orders
First
quarter 1942
quarter 1941
quarter 1941——.
155, p. 1601.
Fourth
First
—V.
Bookings
$5,834,000
5,185,000
4,578,000
.____
.
-
82,325
.
revenues
1942
____—
Co.—Earnings—
7;
depreciation^
Net gain on other profit
and
—
1,
of
as
Feb.
loss
transactions
income
1940
$2,365,530
$1,803,095
$2,063,009
*167,690
88,258
*141,037
fare
—V.
passengers
$2,399,931
7 -7
*
of
no
have
declared
on
dividend
a
the
was
made
on June
15
on
of
cents
25
to holders of
this
issue
share
-
.
,
—_
pre¬
excess
after
making
provision
for
;
194T
$543,043
Federal
the
Earns,
per
com,
__
79,892
$65,766
$88,258
$0.95
$0.38
share.
♦ $141,037
Nil
$65,766
$0.28
tlncludes 425,170 gain from sale of ships and other assets.
fCharter
revenue included
in income first quarter,
1942, is partly estimated
pending negotiations with U. S. Maritime Commission
of hire on certain ships.—V. 155, p. 1215.
regarding rate
Merritt-Chapman & Scott Corp.—$1.62V2 Pref. Div,-—
The
directors
have
declared
account of accumulations
on
a
dividend
the GVz%
of
$1.62%
per
share
$83,377
Lines—Earnings—
1942—3 Mos.—1941
$2,637,492 $10,608,164
$7,256,611
1,909,053 ? 7,421,355
5,486,534
376,248
1,837,189 V
795,618
365,322
1,092.790 v 1,103,221
10,925
744,398
*307,602
'
"
,
the
issue
the
of
of
-
ICC
let
to
equipment
the
equipment
operation
which
it
of
the
Order—J
amend
trust
a
previously
certificates on the
war
priorities
issue
it
was
designed
was
that
the
issue
be
amended
to
cover
to
alternative
taxes
stock
of
reached
on
«
i.
1942
I
Cost of goods sold &
.
.
addition
of
would
which
"A"
_—_______
Young, Davis Group—;
the Missouri
Pacific under the
$545,953,850,
the
be
assumed,
2033;
••••.., ■; ;•
company would consist of five bond issues,
trust certificates of the present companies
as follows:
$46,182,850 fixed interest series
$59,524,000 fixed interest series "B" 4s, due 1993;
"C" 4% bonds, bearing 1 V*% fixed interest and
series
$12,710,140 contingent interest series. "A"
$110,123,185 contingent interest series "B" 3%s,
interest;
contingent
due
new
equipment
3%s, due 1968;
$262,798,500
:■
of
to
and
A
'
'
Young said that the distribution proposed under the plan would
the same relative treatment to senior securities as provided
under the ICC plan and that the old preferred and common shares
nrobablv would receive minor recognition, representing a small part of
their claims.YV A^A■■■:• .-y;;. Y'./v.;.•
\jaA~.'(OX- A"'
Mr.
'
-
:
afford
for
■-1941
$6,332,846
$3,878,062
$4,193,196
;;
162,114
$2,948,675
117,173
$1,977,537
6,502
$812,214
..
6,706
$5,850,000 bank
$1,984,039
;
operating expenses—
.
to
*
the
set: at
debt
Funded
in
Co.—Earnings—
.
^
priorities
vulnerable to taxes.■;- ;■'; y
less
-
Minneapolis-Honeywell
Subsidiaries)
to
,
3%s.
Canadian
^ J;
due
all
^ue 2033.
Regulator
equipment
new plan has been
comprising $505,053,678 bonded debt
and $40,900,175. common stock with a par value of $25 a share.
The
ICC plan set up a capitalization of $561,448,044 of which $308,221,500
was
debt and $253,226,544 capital stock, divided into prior lien pre¬
ferred, second preferred and common shares.
^
■
•:
:
^
The proposed plan calls for fixed charges of $7,930,259 a year with
other charges, partially fixed but mainly contingent, of $12,140,290, a
total of
$29,070,549..- Under the ICC plan total charges, excluding
capital fund and sinking funds, are $12,602,913.
Mr. Young stated
that one of the main objects of the new plan, with its increased debt
charges, is to provide a capitalization which will make the company
2%%
(Including Domestic and
slightly higher cost.,
substitution
a
such
exception of definitive treatment of
155, p. 697.
3 Months Ended Mar. 31—
at
cars
first
Capitalization
.
.,
box
the
.tentatively
on
,
is
a few junior bond issues and
company and its affiliates, an
agreement has
major aspects of the plan, Robert R. Young and
Col. T.
C. Davis, Chairman and Vice-Chairman, respectively, of the
Committee, said May 5:
>
<
■
<
'
*
:
and
,
Net
profit from
operations™
«.—_
credits
$818,920
underlying
The'plan contemplates the Immediate retirement for cash of $14,underlying bonds and, if cash resources are maintained, the
for cash, perhaps next year,
of $23,134,800 RFC loans,
v
,
retirement
nn
cumulative preferred "A", stock, /
the
In
income
Other
_______
income
Fed.
deductions
Net income
j;
-
$177,827
253,062
250,689 «
$182,175
1942—Month—1941
,
result
a
however,
and 238
capital
April 30 declared a dividend of 50 cents per share
stock, 50 cents per share on the non-cumulative divi$2 per share on the 8% cumulative first preferred
stock, all payable July 1 to holders of record June 12.
Like amounts
were paid on April 1, last.
During 1941 the following payments were made on the common
stock: April 1, July 1 and Oct. 1, 50 cents each, and Dec. 23, $1.50.—
Earnings
___
as
obtain
asked,
been
^
excess
&
capital stock—.
prof, taxes (see note)
I
379,957 7
reduce
per
♦Provision
for the period
common
for
share—
Federal
$669,931
$1.01
*$554,125
series
to
excess
a
ended
plan's
an
fixed
charges by some
for $23,134,800
contingent
y.interest;
■>,
profits taxes for the three months
Mar,
31, 1942, was made by the company and its- domestic
subsidiary, The Brown Instrument Co., on the basis of; excess profits
credits
computed separately for each company-on its respective
"average base period net-income." This provision was based upon the
rates under the Revenue Act of 1941 which would be applicable to the
earnings for this period upon the basis of estimated earnings for the
full year 1942. No provision was made for excess profits-taxes in the
first quarter of 1941.
Provision for these taxes was made for the
year to-date in the second quarter of 1941.
In the case of the Cana¬
dian subsidiary, the tax provision for both periods was based upon
liens for
the
RFC claim
20,427
$2,683,971 RCC loans. ; .
however, the plan provides for exchange of the
equal amount of $14,433,500 series "A" 3%%
(the. retirement of the underlying issues for cash would
loans, and
meantime,
fixed- bonds
244,368
919,341
14,810 :
275
profits taxes__
gain
$8,882
*
<
A proposed plan of reorganization for the road, framed wfthin the
capitalization established by the ICC in its plan for the company, has
been evolved by the System Investors Reorganization Committee.
With
Prov. for Federal inc. &
Net
$336,439
•Plan Details Announced By
-
v
1941.
Provision for est.
__
*$141,037
$432,864
21,089
by:the ICC',
common
Gross
$88,258
$4,185,000
that
This
1939
,
•
$29,971
20,693
asked
has
company
to
cars
50-Cent Common Dividend—
Other income
$257,719
/ 492,195
$55,356
A
probably would take well in to the third quarter to complete this
changeover.
He said that the company is now practically entirely
on a war production basis, and that the volume of war orders booked
closely approximates the total volume of Midland's commercial busi¬
Depreciation
$828,634
400.316
155, p. 1411.
It
the directors'
sales
$833,180
42,174
A::AA-Aiy--'A:k:tJ-
meeting, held April 30, E. J. Kulas, President, said
that falling off in earnings was attributed entirely to the switch of
Midland's plants over to entire war production, and stated that it
V.
$72,144
$34,663
unable
with net earnings of $543,643.18 for the first quarter
7-';'.777'7'-'.--:
'A-A
directors
147,175
318,000
22,573
pref. stock-
ground
compares
stock,
491,771
387,000
$77,928
income
authorized
7
v.*$176,073>
and
1,690.341
243,750
;
Missouri Pacific RR.~Koad Would Amend
income.
the
income
on
The
on
1.,
10
;
1942
and
charges
1940
36,000
$3,475,021
2,128,378
523,153
_
equipment which it found it could still obtain.
Instead of the fifty
all steel cement hopper cars and 200 50-ton all steel auto cars
it had intended to purchase, it proposes to substitute 100. flat
the
of
each
in
earnings
In
1942—12 Mos.—1941
which
per
Midland Steel Products Co.—Earnings—
.
990,825
$4,115,460
16,230
31,000
—_
:'
record June
20, 1938.—V. 155, p. 603.:
Quarter End. Mar. 31—
1941.
$312,368
150,680
42,314
38,155
;
Period End. Mar..31—
-
of
'
155, p. 1602.
Earnings—
Operating revenues
- $3,855,028
Operating expenses
*2,566,306
Inc. avail, for fix. chgs.
t.
782,116
Fixed charges ________
362,005
Inc.
after
fixed
chgs.
420,110
♦Deficit.—V, 155, p. 1409.
^
convertible proference
cumulative
$2
value, payable June
distribution
This
1,411
'
-V.
Corp.—Accumulated Dividend—
accumulations
all
stocks
1942—Month—1941
Balance
• 1941
$27,366
2,467.745
9.37c
-
2,888,690
9.45c
ceding quarters, and
*Net
1,584,599
990,825
.
50-ton
Oil
par
85,572
and /deductions-*—
Net
"
directors
The
stock,
;7
1942
—$13,220
155, p. 603.
account
64,626
to pref.
Mqr. 31—
revenue
Divs.
$2,382,530
—
Midland
applicable
46,556
120,000
carried—
$3,083,136
1,409,429
4,445,647
$3,249,815
.
;
y
$3,081,725
37
:
*
$7,527,372
$224,898
172
/,'v:
.
$9,135,691
5,887,101
$202,216
,
*
•
$3,248,590
1,225
after fxd. chgs.
Gross
distributed on Feb. 2, last, and
1, 1941.
Arrearages on the 1%
and on the $6 stock to
1410.
155, p.
—
Average
$224,861
'
Like amounts were
1, Aug. 1 and Nov.
—
fare
$202,044
revenues-
reflected
■,*a*->
1942—12 Mos.—1941
378,586
141,410
65,766
t425,409
26,862
' t$238,318
as
;y
$603,447
507,347
expenses—__
Int.
on
Quarter Ended Mar. 31—
loss
rt_—t
Net
$709,391
Missouri-Kpnsas-Texas
1942.—V.
2,
$273,864
not paid,
1942—Month—1941
Prov. for depreciation--
$2,502,530
120,000
——
'
31—
$340,049
28,679
7 Middlesex & Boston Street Ky. Co.—Earnings—
Prov. for est.
Net
-
433,500
1941
$636,185
JNet income from oper.,
after
*' 4,792-
,
.
/. "t$77,307
being accrued and
fDeficitv^rV, ,155, p; 1574.
Mar.
Federal/ income
prior lien stock amounted to $16.48%
Net
Merchants & Miners Transportation
3 Mos. End. Mar. 31—
Total
5,272,000
4,522,000
£>r$250,796
$291,231 Dr$223,934
17,36714,383
Interest
Prov. for taxes— (Gen'l)
End of Quarter
$5,565,000
Dr$ 72,515
______—
1680.
5.
May
May
Feb.
on
dend
Net
21,486
5,274
income
Operating
$4,449,621
254,138
40,465
stock
End.
Period End.
April 28 declared dividends of $1.75 per share on
the 7%
prior lien stock, par $100,1 and $1.50 per share-on the $6
prior lien stock, no par value, both payable May 7 to holders of
on
8,500
$269,744
y
Mississippi Power Co.
$2,519,931
directors
The
....
.
79,046 ■/.</
^
8,469
•<$181,602
chgs._
income
Net inc.
Michigan Gas & Electric Co.—Accumulated Dividends
The
$73,592 loss$59,683
31,911
34,882
State
income taxes
Dr$80,985
$186,876
chgs.
include
not
Gross
1941
23,801
t
expense——
—
155, p.
ness
Total
Crl2,631 / 1 Dr41,I49«:
Dr53f115
pr38,531:
$181,694
—_
fix.
oper.
Other
1,709,733
32,896
258,108
;
:~i.
debt
of
on
Balance
—V.
At
_________
v
Drli,850
,
long-term debt—__l1,679,067
income
Dividends
1939
sales,
celling,
shipping and admin._
Depreciation
Depletion
Net
1940
$5,151,497
sales
Cost
1941
fix.
"corporate books*
Net
$4,531,946
Miscellaneous other deductions
on
1942
Dr3,235
..
tlncludes provisions for Federal taxes.—V.
$4,517,401
General interest
♦After
Mengel Co.—Earnings—
3 Mos. Ehd. Mar. 31—
Dr$171,U5
5,181
charges
after
Dividends
203,128
—
income
Interest on
The company has
called for redemption on June 1, 1942, all outstand¬
ing shares of its $4 preference stock, no par value, at the price of $55
per share plus accrued and unpaid dividends to June 1 amounting to
$1 per share.—V. 155. p. 827.
282,457
$312,228
Cr5,134
___
taken at
are
$4,314,273
income
income
similar
May McEwen Kaiser Co.—To Redeem Pref. Stock—
'7 343,323
JDrl2,167.
Operating revenues
tOper. revenue deducts.
$25,776,853 $24,381,765
21,462,580
19,932,144
—
and taxes
7 7
,
1942
revenues
operating
Revenue
$400,000; accounts payable, trade,
$341,024; accounts payable, other, $15,849; accrued salaries, wages and
other compensation, $197,535; accrued property taxes, $17,377; accrued
social security taxes, $35,664; provision for Federal income and capital
stock taxes,
$1,766,907; reserves, $183,696; common stock ($1 par),
$249,932; paid-in surplus. $349,272; earned surplus, $2,366,615; total,
$5,923,871.—V. 155, p. 1380.
payable,
1,076,017
Minnesota Power & Light Co.—Earnings-r-"
$142,474
Michigan Consolidated Gas Co.—Earnings—
$1,423,445; patents and
total, $5,923,872.
'
'A'
r
3 Mos.—1941
100,707
(
incomes
oper.
avail, for
♦Does
on
5
•■Including
"
■■
-1942-
$4,470,208 7 $3,255,632
3,814,656,
3,144,289.
Dr$65,898
income—net
Net
70 Broad¬
1942
': 1941$988,421
$749,071
622,430 ;:// 606,597
'
.
Note—Operating results
taxes
;.■■■/
ry.
♦Fixed
154, p. 1101. :y/<-/
earnings from operation
Gross
$94,277
$0.86
$0.62 /;:;/.
-
Ry.)
Central
-
116,020
Fed.
equipment
Period
Net
*618,000
per
'•
Light & Power Co., Ltd.—Earnings—
Mexican
in-
comer taxes
:; /. •;/>.y •.j;,
12 o'clock noon, E.W.T., on May 26 receive
debentures due Feb. 1, 1945, to an amount
absorb $167,183.91, at prices not exceeding the redemption
Amortization
$776,154
of
Other
133,892
12,099
Gross income
1,
20,814
$764,055
Net profit from Opers*
income
for
1,305,751
_______
than
Joiii| facility" 'rent&<A~A
•
bids for the sale to it of 5%
Other
Other
Provision
expenses
Hire
:
N. Y. City, will until
way,
1,307
180,864
224,899
1237,156
expenses
on
$188,728
Inc.
Hanover Bank & Trust Co., corporate trustee,
The Central
Gross
Income
Total
During
Feb.
,
In
made
was
and Dec. 27, $1 each.—V. 155,
'p';:■</■'<{f y <' - >'■ ■' '•;
Total operating expenses
royalties
Selling, general and ad¬
ministrative
78,493
18,703
134,116
16,863
19,064
and
Rents
$787,355
447,043
share
per
Minneapolis, St,7Paul &: Sault Ste. Marie Ry^-Earns.
'
'J. A; a■<•'.
;•
and
equip.
& amortization
(other than in¬
come
1939
$1,140,169
576,637
$1,769,610
1,874,965
sold
rebuild,
the
Deprec.
1940
1941
eight preceding quarters,
cents
Metropolitan Playhouses, Inc.—Tenders—
Net
less discts.,
&
goods
Repairs,
1942
the
25
(Exclodlng- Wisconsin
a dividend of $1.20 per share on
allotment certificates for 6% cumu¬
the
1941
Co.—Earnings—
3'Mos.End. Mar. 31—
returns
$3,459,031
paid
the
Operating expenses & depreciation
Master Electric
of
of
Deo..20r 1940.-—Vy. 155J p..l602;;
I
Industries Co.—-Pays $1.20 Dividend^—
accumulations
company
18,165
21,399
..
shares—
each
Taxes—other
account
corporated in Canada and England, for which there is only a limited
market in the United States,
are
included among the investments
(income-producing) at $1,727,838, the value in United States dollars
based on quotations in foreign currencies.
"Under present foreign ex¬
change regulations it is not expected that proceeds from sale of these
securities, if sold abroad, could be transferred to the United States.
No provision has been made for Federal income tax.—V. 155, p. 1313.
Cost
in
payment
anticipated 1942 tax rate of 40%.—V. 155, p. 922. '
carrying securities at market quota¬
to $14.22 per share for 5,942,499 shares
outstanding Mar. 31, 1942_;
$84,495,319
stocks
Gross sales,
$5,090,540: $5,390,387
1,910,799
1,931,356
,
extra
Period End. Mar. 31— '/•'* 1942-^-Month—1941
Total revenues
_i_
$1,610,501
$1,110,826
on
Note—Securities
on
deductions
income
made
were
an
does not consider that it has any liability for Fed¬
profits tax, under the Excess Profits Tax Act of 1940, as
amended, for the periods covered by this statement.
Provision for
Federal income tax for the period from Jan. 1, 1942, is based upon an
$1 par value each
declared
and
Metropolitan
—
based
assets
distributions
excess
26,172
_____
tions, equivalent
the
mon
Note—Company
$2;
of
an extra dividend of 25
cents per share
regular quarterly dividend of 50 cents per share on the comstock, both payable June 10 to holders of record May 25.
Similar
and
^
$3,743,463
______________
Net'iflcome
eral
$1,069,325
—________
«.
—
Payable for purchase of securities
Net
.
Gross income
Interest
Liabilities-^/'<';:;-4":r-:J:vt
Reserve
Total
.
$85,630,379
Distribution
Payable for
1942, and March 31, 1941, respectively. Dollar remitbeing .received covering such sales*
■ .
'
are
1941 :
addition,
*t.
$80,341,522
5,241,974
Accrued interest receivable
for
7
1942
XA:AA<V'X'
1942
quotations
deposits)
Receivable for shares sold
Total
Total other
,
1,087,482
_
31,
Mar.
endetf March 31,
tances.
•
'
7$4,217,852 ;
income__^_T__;__--^-:_—..1,347,077.// 1,172,535
/;<<■■;///:<
to
(demand
Dividends due March 31,
'
1
,
Operating income
,
market
at
in banks
Cash
the
from
_______
Statement
Securities
proceeds
measures
shareholders
.-and $18/972 by the company and its domestic and Canadian - subsidiaries to/the English! and Swedish subsidiaries
for the three months
'
•
sale of certain
stock dividends received in common stock which, under
the
declaration
of
trust, have been included in the
amount
;77,
.
>77 Extra Dividend—
7/.
operating revenues——_—:_____—$15,004,501 $13,859,936
operating revenue deductions and-taxes—
The directors have declared
11,261,038.
9,642,084
Total
period
above, plus
as
7
"
$1,152,587
118,958
____
—
income
on
Metropolitan Edison Co.—Earnings—
Net income for the
Net
as
1601.
p.
securities]
.
the Canadian War,v Tax Act; and-the Exoess^Profits' Tax^'Act;'
^ On 'March 2;
last,, a;
this, issue; . Payments in
,
^
Noter-OpetaUons . of the English and Swedish subsidiaries' for 'the
three months? ended; March 31; 1042,-^^ and- MajFchv-3T,"
follows* June 2, $5; Sept. 2, $2;50; and Dec.-l, $5.60.
1941;' stre ntit"
March 2, last, amounted to $25.12 Vi per share.—V. 155,' ?'■' included
/in the accompanying statement: Net sales include $9,656
1 to holders of record May -15;
/'payable June
.1941
Statement of Income and Expense, Three Months Ended Mar. 31, 1942
INot including in net income realized and unrealized gains or losses
on
Monday, May-11,-1942
$600,000 annually)
series "A" fixed interest bonds and
interest series "A" bonds, the latter to
cover
and
of
$8,630,accrued
$5,850,000 bank claims for similar par value of fixed interest
bonds, plus $2,264,212 series "A" contingent interest bonds
"A"
apply against accumulated interest; and $2,331,579 RRC claims for
like amount of fixed interest series "A" bonds. '
^
outstanding- $223,190,500 par value Of Missouri Pacific first
refunding Ss.would receive; for their total claim, £ $223,190,500
"C" bonds bearing iy4 %\fixed and .2%% contingent interest
./along with:$71,943*703 series "B" income bonds,
,
y ; - y
/ •
Missouri Pacific general mortgage 4 % bonds would be
exchangeable
,
The
and
Series
■
...
a proportion to
would the serial 5T/4S and the convertible 5M»s.
for
c
income
Claims
:
of
bonds
and stock
the River &
$34,508,000 fixed interest
Gulf
in
4s. would
series "B" 4%
be
be
satisfied
determined
hv
-as
exchange of
bonds; the Cairo &
Thebes
•■
'*
Volume 155
issue
i
$1,274,000
by
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
-
fixed
series "B"
interest
and
made:.
March
V.
series "C"
$447,653
p.
by exchange for $1,368,000
Louis & Southern 5s for
$64,000 fixed interest series "B" and $64,000 contingent interest 33/4s;
bonds;
.
the
Little
contingent
and
Central
tangent
:
Rock
Branch
interest
Hot
&
Springs
4s
bonds;. Boonville,
interest
4s'
series
mortgage
for
"B"
$88,279
bonds
$1,628,000
'
$396,147
and
"C"
series
bonds.
the
of
con-
Stores
?
,•
of
interest
;
instalments
mortgage
of
of
also
estate
real
$13,982,
both
payment.—V. 155,
$20
per
authorized
.
bonds
security
due
in
sum
mortgage
May
1755. 1
p.
to
were
"extended" 3'/2%
Missouri
sum
equivalent
1942,
1,
'
(
sales
'
).
;
•
Cost of
/*1941
See
goods sold——
profit
9,355,935
6,468,133
$5,909,536
.
Selling & admin,
"
Research
expenses
398,621
_
■*.'.) .V'v l-f.VV'■*
,< V
Net
profit
'■■■■■
.a*
•<-
'Gross
.
Prov.
128.487--1214,114
income
taxes.{3,606,454
375,482
63,278
For
"■
Net income
of
4778,911. .$1,354,291
Income
net
•
$1,642,037 / $1,239,899
■
'.applicable to ihini int.I
Prov. for- divs, onpref,
shs. of British
.
25,040-
.
.11,583
-
..
11,972
7,829
*>**•' •"
sub...
■
<>270,375
i.--
"
■.
amortization
.
|
of
-
plant
emergency
1942 and $850,000 in 1941 for
and
$350,000
in
for
1941
facilities.
{Includes
probable
additional
y
Comparative
Assets—
•
Consolidated' Balance
>1
Sheet
[ Inch
*-r
Inventories
-
during
Investment
in
associated
companies
(at
9,797,511
■;Patents and processes——---——-—-—--Deferred Charges
-
Total
•. Preferred
tax
liability.————
payable—^—______—
311.9J9
/
226,566
r
Reserves
21.250,904
for depreciation and obsolescence.^...
m.
Pensions
interest
American
in
.-
3,243,578
461,999
subsidiary
.*
?,
,
•
Paid-in
Earned
($10
surplus
—
7,500,000
12,416,940
11,374,032
-ji—-——-
with
1941.—V,
12
months
$29,402,108
154,
and
1381. 7 '
p.
deducting U. S. Treasury tax notes of
; and $8,014,800 in' 1*941. *
-New Plant in Operation-^—
1940
1939
$1,292,065
1,445,388
$340,507
$293,483
;V-
5,242
;
'
in
1942
'
2.709
*
"$296,879
$345,749
13,237
16,916
69,200
42,290
5,564
3,128
12,546
16,509
--
12,413
$244,092
$0.87
provision
profits
taxes,
the
on
>
1941
income
Income
50%
and
a
"
■
April
on
the
to
<T«'
Products
filed
1755.,
(
will
be
to
are
the
of
of
been
of
...
..
the
on
sufficient
at
the
of
sum
interest
to
office,
trustee's
$19,406.50
1,
July
at
prices
1942.
not
Proposals
120
Broadway, New York,
to 3 P.; M„ E. W. T., May 22, 1942.—V. 152, p. 3816.
up
the
154, p.
1303.
'
-1'
'
.
y%
• *v
•1'1
Morse .TwistDrill & Machine
A
dividend
stock,
.
;
$1.50
payable May
tribution
:
of
was
15 to
made
share has
per
holders of
issue
this
on
120,000
of
been
3Va%
of
,
Corp.—Registers
proposed
a
due
With
statement
offering
1,
Mar.
1949.
of
(2-4991,
$15,000,000
The
-
be
filed
by
distributed
amendment
to
the
'
due
debentures
loans.
The
of
.
remainder
the
of
the
corporation
at
a
the
net
proceeds to be
used for general
and
Mar.
the
proceeds
from
corporation's present
and
this
15,
1942—Month—1941
Sales "
/vCiL:'.
57,604^275
j—V. 155,
as
would
10-year convertible
preferred
to
N.
on
Operating
'
the
A
similar
and
Uncollectible
oper.
'rev.'
9,892
"8,651
,1,635,849
expenses
oner,
$871,295
18,118
"Federal
in
income—
oper.
v.;
A
income
t.axps
effect.—V.
*As
:
net
55,963
and
46,319
53.708
48.981
12,457
excess
2.934
248,500
186,000
$173 362
$349 255
profits taxes—
reported
bv
——
stock
common
in
company
'
1941
period.
'
$0.08
Revised
profit after all charges and taxes of $249,255,
stock.—V. 155, p. 1411.
or
show
a
14 cents per share
common
The
;
100th
Buffalo,
anniversary
367,714
897,576
$409,482
'>$436,090
,$815,910
at
Rockwell
of
W.
V. 155, p. 1680..
583,301
the
Companv
dinner
a
New
which
'
;
*'i
Steel
from
terest and
Provision
had
its
origin
.account
of
l°4q
have
1216.
T
v
been
accumulated
at
May 8.
President was guest
r?
..
Corp.
(&
on
a
the
dividend
$7
of
.
$3.25
cumulative
*
/
T
i
$1,589,977
T
tax
735,232
rates
,
.
..
x/S■*
v
...
A
distribution
March
2,
of
1942,
$3.25
while
7.-','/
series
series
—
taxes,
wages,
etc.—1,539,808
Federal income taxes
1,344,663
1,234,236
*
&
Earned
pension
conting.,
surplus'—^
1,252,555
:
i_.
etc.,
______—
100,000
2,845,377
4,137,826
$73,094,415 $74,106,735
■
^
of
200.000
125,000
3,757,265
.
depreciation
155, p. 1755.7
—V.
: v
3,469,897
——
reserves—
—
•After
National Tea
$14,406,248
in
1942
and
$15,134,570
in
Co.—Earnings—
12 Weeks Ended—
•Net
profit
.V
:
1941.
share—
per
:
■
Mar. 28,*42 Mar. 22,'41 Mar. 23,'40 Mar. 25,'39
$81,795
$16,846
$152,761
{$109,732
—_
$0.10
•
$0.12
$0,25
>
interest, depreciation and Federal taxes.
{Loss.—v. 155, p. 1515.
'
t National Terminals Corp.,
On
April 30,
1942,
{On
Nil
-
stock.
common
Bank
by written
Cleveland, depositary under the reorganization agreement and
amended
plan of reorganization.
At the time the
plan
declared
effective
approximately 91% of the principal amount
ol
the
under
was
each
of
total
It
Cleveland—Amended Plan
the amended plan of reorganization was declared
notice from the corporation to Central National
effective
of
class
of
amount
bonds
outstanding, and approximately 91% of
outstanding debentures had been deposited with
is
estimated
the
that
pursuant
period
a
proceedings
the
to
of
incident
60
some
the
to
the
the
provisions of the plan.
days
be
may
issuance
the
of
-
required
to
securi¬
new
including qualification of the new trust indenture securing the
new
refunding collateral trust bonds with the Federal Securities and
Exchange Commission.—V. 155, p. 1314.
National Transit Co.—To
The
directors have declared
capital stock, par $12,/a,
This
Pay 50-Cent Dividend—
dividend
a
of 50 cents per share opt
th$
payable June 15 to holders of record May 29.
compares with 60 cents
cents,per share paid each
per share paid an Dec.
six
months
16, 1941, both dates inclusive.—V. 152,
Natomas Co.—Earnings—
3 Mos. Ended Mar. 31—
Gold
from
Dec.
15, l&st, and 50
15,
1939,
to,
June
p. 3816.
/ '
7
1942
operations 7
rentals
'V;
•
.
dredging
Rock
Land
net
returns—.
taxes
$500,256
2,100
39,000
.
i.—^ •
!
■
$575,949
expenses
income
1940
2,250
39,000
——
"Non-operating
;
-V
$722,531
--
39,000
—______—_
7.
.
1941
,7.
$510,407
—
Net
profit
13,083
1,500
:9,526
$776,864
$552,382
251,652
240,578
78,300
121.285
$245,997
$415,000
$312,550
$0.26
—
share
per
$0.43
$0.32
capital stock
on
"Includes taxes, insurance, general
exoense, depletion,
royalties and prospecting.—V. 155, p. 1216. /v--77.■ .',7
Nehi
197,646
42,186
;
•'
"
1942
Earnings
per
"After
all
of
share
common
charges
$201,000
1941
$127,962
■
"Earnings
taxes
depreciation,
Corp.—Earnings—
Quarter Ended Mar. 31—
$128,339
$0.11
—
including provision for income
in
1942
and
$135,000
in
1941,
and
and
estimated
by the Secretary of the Treasury.—V. 155, p. 1123,
additional
for
similar
based
taxes
$0.11
on
profits
excess
in
mended
Neisner Brothers,
—V.
1942
rates
after
recom¬
-
Inc;—April Sales1942—Month—1941
$2,539,094
—
155, p.
1942—4 Mos.—1941
$2,128,344
$8,159,938
$6,444,894
1681.
Gas & Electric Association
(& Subs.)—
Earnings—
and
"
income
'
:
from
in-
I
12 Months Ended
Mar, 31—
Total
operating
Total
operating exps,
revenues
1942
1941
$16,763,353 $15,275,393
—
and
for retirement
10,696,542
9,241,684
________
$6,066,811
$6,034,230
———_
prov.
120,002
129,426
$6,186,812
$6,163,656
1941
1942
operations
dividends
J>
Operating income
$10,324,941
$9,986,902
2,364.830
459 273
——
1,646 808
for
—
Net
Common
now
,
for
Federal taxes
profit
-
shares
on
income
■
Other
464.206
Net
Other
4,825,000
—
outstanding
—
$5 430.389
2,205.667
—
2,445,419
$2,675,838
2,204 667
$1.21
—
$2.46
Net profit per share———
per
share
during
w«s
1941
also
the
made
on
following
deducting cost of soles, selling and general expenses, etc.. but
depreciation and depletion, interest charges and Federal taxes
before
per
preferred
par value, payable June 1 fn hfpders of record Mav 14.
accumul"*-'1'' and unpaid dividends to $1 par share.
on
2,757
$73,094,415 $74,106,735
prior pref. stock (par $100)
$22,640,400 $22,640,400
prior preferred stock—I--—-——
6,468,700
6,468,700
$2 10-yr. preferred stock
(par $40)—
1
11,181,480
11,181,480
Common stock (par $10)
11,549,280
11,549,280
Funded debt'
_■
: -5,875,000
9,400,000
Accounts payable
3,953,349
2,986,455
Notes
payable, bank—1,200,000
6%
New England
speaker.—
Subs.)—Earnings—
depreciation and depletion—
■'Interest charges
-
/-
- -
declared
accumulations
—;
—
in
meeting
York,
Quarter End. Mai'. 31—
*Profit
651,101
p.
have
25,857
382,221
•1,594
i—
;
1
on
directors
licenses
Total
7,588,150
19,322
income
———
$854,745
336.2°0
of
celebrated
was
National
Mullins Mfg. Co.—Accumulated Dividend—
The
4,041,148
180,104
period End. Apr. 30—
"After
.
&
employes
$0.22
/
figures
National Lead Co.—Celebrates 100th Year at Buffalo—
2,984,856
$1,713,486
for
155,
Patents
and
$87,000
Provision
♦Net
$633,489
funded debt
—
15,968
3,344,410
$803,804
,
"Operating taxes -AA.";/-- 461,753 i'
Net
$600,180
33,309
accounts
deductions
$4,590,801
'
"
$527,064
16,926
$543,990
on
Net profit
Earnings per share of
7
$ */:■■■
296,355
revenues--
708,399
dis¬
1942—2 Mos.—1941
)■«:
$1,308,579
729,440
_______
Provision for income
>
Net
—-Li-
charges
officers
10,181,095
293,541
—
;
receivable from
Sales
$5,076,014
1,465,031
137,600
i
expense
Miscellaneous
common
$
$2,277,486
158,064
expense.—_
profit
•
Operating
facilities,
2,887,009
; Provision for doubtful
1942—3 Mos.—I94t
11942—Month-rl941
3,391,650
Other income —
58,068,072 151,429,637 136,393,330
$2,516,946
$4,333,188
$1,256,504
Total, income
;
28—
-
def.
Federal
Gross profit
Selling/administrative and general
Fletcher
revenues
Investment
Total
*1941
$4,806,218
goods sold, excluding depletion and de.preci&tion
Provision for depletion and depreciation
V
5
Period End. Feb.
1942
.
returns and allow—
Cost of
.
year.
$
•
less discounts,
Gross sales,
Y.,
[« Mountain States Tjelephone & Telegraph Co.—-Earnings
Ooerating
25,734,492
receivable—.——
inventories
Discount, misc. interest, etc.26,541
(& Subs.)—Earnings—
> 3 Mos. End. Mar. 31—
1
1755.
p.
10,120,995
24,755,362
accounts
respect ol'
public
well
as
which
1,
National Gypsum Co.
Montgomery Ward & Co., Inc.—April Sales—
-
4.186,667
Water .operating
will
Co*—$1.50 Dividend—
been- declared
record April 30.
Feb.
on
$
1941
$26,005,497
.
1949, and the then outstanding bank
offering 4s not now contemplated and the
remain outstanding.—V. 155, p. 1411.
3'/2S will
of
Xv//'-
income
later
_
debentures,
retire
to
present
,
Period End, Apr/30--;
foreign
31
interest
public through a
and Harriman
the corporation proposed the issuance
shares
($100 par)
preferred
stock
15-year
used
the
funds
.
of
Earlier, plans
r
During 1941
the following payments-were made: Feb. 15 and May 15, $1.50 each;
Aug. 15 and Nov. 15, $2.50 each; and Dec. 20, a year-end o/ $5.—•
V. 155, p. 603.
| '
and
March
1942
depositary for exchange,
-
offering is to provide funds for the
outstanding bank loans of the corporation in
$11,000,000,
purposes.
offering
Interest
•
&
in
Earnings
posals
received
Sheet
7,357,277
Deferred
taxable
for
,
bonds
be
Balance
$801,584
calcu¬
taxable
proposed
general
the
$25,000,000
•
,„
,
the
&
surtax, state
profits tax (est.).
excess
515,514
$672,183
—
tax
$0.38
,
50%
apportioned
registration
a
covering
debentures
debentures
new
debentures
increasingly in the
Trust Co., trustee, is notifying holders of first mort¬
30-year sinking fund gold bonds that it will receive pro¬
for the sale to it on July 1, 1942. of an amount of these
exhaust
profit
income
Federal
{Earnings
has
75%
and credits
rt
29
SEC
fund
of presently
in
corporate
of industrial chemi¬
group
Empire
accrued
net
Accounts
$116,631
v
$0.78
.
taxes
surtaxes,
graduated
exemptions
Distillers
purpose
t,
5%
to
830,753
920,000
——
Costs
22,100
3,951
$220,362
should have been $27,000 greater.—V.
" '
with
amount
have
Montana Coal & Iron.Co.-^-Tenders—
and
1,126,235
income.
on
equipment---——$26,325,072
Notes
15,142
•
7/.
"12,496
•
$0.89 7,
*
for Federal
rates:
reserve
the
;
eventually will manufacture
105%-
$2,147,851
$157,824
5,223
following
sinking
repayment
>
;
*
'
production program..'.
l
plant occupies a tract of 138 acres and consists of a number
of manufacturing and service buildings as well as a plant office building.
It has its own dockage facilities on the Trenton channel of the
Detroit. River, as well ea belt line rail,connections with all major trans-
! exceed
116,374
$2,718,418
Assets—
complete
The
placed
The
'
1,492 612
normal
•Plant
5Vn%
1941
$2,031,477
Consolidated
$155,115
war
The
1942
expenses—1,646,191
taxes
'
A-2)
The
11,269,032
<
$10,773,000
cals derived from phosphorus, which are being used
gage
preferred
102,195
for
and
Insur.
of banking firms headed by Glore, Forgan & Co.
"r. Ripley & Co., Incorporated.'
...
slowing wprk, the company's Trenton,
Mich.,, plant, was -placed in production on April 28, it is announced.
•
$6
$20,787,571 $16,562,548
16,525,157
13,038,459
Income
1,136,950
»
3,396
399,700
1942
excess
of
rate
Without ceremony and without
p.
taxes
in¬
share—
com.
the
based
date.
'
exportation systems,—V. 155,
•
fund
payment
Instalment due on
notes—
$1,738,872
86,691
"
.
of
Sinking
1941
group
'
"After
-
common
155, p. 506).—V. 155,
deductions
Accrued
$1,828,608
$239,519
Corporation
Form
the
•
the
for
1,488,101
intangibles
Houston
$2,616,223
Liabilities—•
'
$86,788,217 $84,715,044
The new plant
share
pre-
of
said
of
ties,
11,934,429./ 12,176,414
—
Total
"
Other
•
: SEC—
5.000,000
12,416,940
par)—-.—,——-—
surplus
V:
■•••;
Net sales
comparing
31,
$670,566
National
5.000,000
v
preferred stock...5,000.000
$4 cumulative dividend, preferred stock, series C
11,000,000
stock
and
1,848,836
Fed,
holdings
stock
.
B
Common
•i
«
Series
per
at
seven-year
.•
Series A preferred stock—.—^^^_w..—.....' 5,000,000
/
$0.29
20.466.555
reserves
Minority
of
'
627,043
487,048
for
for
'
i_
715,525
Deposits
/ $4.50 cumulative dividend:
$480,871
$0.30
1,857,233
containers——
returnable
1941.
1942
—_____
bill, the
$4,696,249
375,000
each
customers—
Merchandise
>7
quarter year.
These rates compare with rates recommended by the
Treasury Department for adoption in the 1942 tax bill before Congress.
The
provision for 1941 was on the basis of 20%, which was later
found to be inadequate.
Based on rates subsequently adopted in the
$84,715,044
3,385,665
dividends
$496,073
/
..
1942, net profit was $3,591,665,
with $2,066,929, or $1.27 a share,
$2,432,711
income
income
tax
income
for
income
Total
'.income;
1
such
shares
————
March
—
Note—The
lated
824,726
$3,622,108
two
,
2,266,463
—li $86,788,217
payable and accruals—_2—~
"Estimated
135,892
31,
$11,483,820,
on
taxes—
Earns,
Liabilities—
,
were
Net income
11.780,768
470,613
Co.
of
common
of
"After
40,203,251
1
•
-
—
; Accounts
.
$583,875
Amortiz.
7 ;
681,217
_
■>"
March
Miscellaneous deducts—
715,005
Buildings
—/
12,182.815
Machinery and equipment—
41,871,354
Phosphate deposits, less depletion/815,370
>:
240,433$;
Jugoslavian, Netherlands,
comparing
respectively,
729,413
805,914
and deposits
542,474
———UIIx.-—2,496,899
'Land
'
ended
expense
come
the
—
liabilities
Interest
9.877,463
>
729,413
.
receivables
invests.,
Hungarian,
months ended March 31,
; Provision
•
Miscellaneous
Other
*736,506 7,7 {616,762
2,139,004
Profit
6,227,920
cost)_
to
"Federal
Subsi J"*;
6,445,148
British
In
Investments
155,
1942
7 1941
J
1940
*$15,816,220 *$9,903,928 t$9,589,895
1,628,000-
income
1,998,480
90%
to
up
of
basis
Lighting & Power
sales^__
Selling & general
consolidated
•
; Other income
American
the
of
"Provision
*2,969,295
3 Mos. End. Mar. 31—
the
,r
•
i——r_—-----subsidiary company.
_
ago.—V.
year
sales
Cost
Suhs,)-—Earnings—
$0.51
share,
a
Operating
*'
Mar. 31,'42 Dec. 31, '41
$10,630,706
$9,098,419
.
—
S.
Treasury bills._r__
Receivables, less reserves—.———
.
. -
.
.
on
months
Operating
,
U.
'
a
$830,291
share
12
12
Total
/•"'
,£_T'" -V ,V
Cash
*
1942,
taxes.
Note—The provision for depreciation and obsolescence
periods amounted to $911,9.34 jn 1942 and $908,761 in 1941.
;
Net
April,
'
7
shares
on
Natlonal Power & Light Co. (see V,
Reserve for
tax and $810,000 in 1942
excess, profits
in
National City Lines, Inc. (& Subs.)—Earnings-r
..
in
$1,905,674
period
capital stock
German,
$6,345,180,
$753^861 "$1,342,708 $i,904,583 $1,209,425
' $0.45' * * * - *,$0.98
"
$1.23
-*•. $0.88
American -subsidiary companies; only.- "{Including $147,620
"Including
■f
System
Fund, Inc.—Registers With SEC—
—
$2.20
current
•"'/Net income—
\
Earns. * per -sh/on" com. •
;
amounts
for
3 Months Ended Mar. 31—
■
.1.8,501
,...
share
Co.
in
totaled $58,656,193, against $40,656,682 and
provision for domestic and
foreign income taxes amounted to $3,551,350 against $1,095,588.
Current assets as of March
31, 1942, amounted to $39,126,666, and
.
.
comparable
sources—
per
to
for the
Portion
-
the
full
Power
of Houston
1412
p
in
exchange
&
Cash
of
the
equal
'
:
Broadcasting
slovakian,
301,333
r
204
Spanish,
also in 1942 excepting sales and
profits of Chinese, French and Japa7 nese subsidiaries,
tlncluding sales and profits of subsidiary companies
and branches, except sales and
profits of German, Austrian and Czecho¬
$1,583,181
-41,948
48,661-
{2,146,499
against
as
*Including sales and profits of foreign subsidiary
companies and
branches except sales and profits of
Algerian, Belgian, Czechoslovakian,
$1,519,903
$2,066,179
all
profit
Egyptian,
-
stock
for
\
shares
-
1
$3,649,441 ' $1,975,666
$3,714,904
for
reported
Earnings
/
317,757
298,140
.
-■
$4,513,852
charges.
for
336,718
.
191,89i: ..Jr:165,462;;:V 90,514
income
Income
r
;
.
'»
1
■"
$4,321,960
_
pother .income
>
1,200,832
was
from
Net
$2,877,792
1,040,132
$3,292,319
1,018,513:
$5,086,991
exps..., .1,188,955.--.
said
National'Supply Co. (& Subs.)—Earnings—
Provision for income taxes
•!
.
Gross
V-.
207,
$904,845, an increase of 88.4% over April, 1941, when
$480,284. The cumulative total for the first four months
$3,920,980 an increase of 101.96% over time sales of
3 Mos. End. Mar. 31—
6,759,691
-
totaled
National Cash Register Co.
(&
1939
$9,637,483
10,529,478
1942,
$20,297,864 $15,983,829
"Chronicle" May 7, p. 1774.—V.
155, p. 401.
Profit
*1940
1942—4 Mos.—1941
$4,949,471
Sales
$9,758,452
-
of
.7
Mutual
Mutual Investment
:
$14,442,927
$16,439,014
$3.
Total
i
third
Pacific
Missouri
on
Apnl,
1755.
the
1515.
p.
in
155, p,
of
were
1942
of $66,990 and Pacific RR,
bonds "extended" 3V2% in
equal to $17.50 per coupon
<
31—--.£>1942
3 Mos. End. Mar.
Dec., 1,
Broadcasting Co.—April Billings Up—
to
$1,941,446
Semi-annual
bond.
$1,000
operation
sales
billings
Monsato Chemical Co. {& Subs.)—Earnings—
Net
"Time
of
Judge
$690,160,
in
1941.—V.
amounted
'
sum
and
1841
stock
1942—Month—1941
$5,934,394
—-
Mutual
while International Great Northern
Charles B. Davis, at St. Louis, has authorized the
trustee to pay semi-annual interest due May 1, 1942, on the 4%
St.
V
Louis, Iron Mountain & Southern—River and Gulf Division—bonds in
t
§2.50,
Murphy Co.—April Sales—
—
Apr.l,
Interest Payments Authorized—
Federal
$1.75; Sept, ,2,
sented
Period End. Apr. 30—
Sales
Texas
lirst mortgage bonds would receive $18,688,000 series "C," $10,062,300
I. contingent income bonds and 100,622 shares of common stock.-
r
2,
1680.
(G. C.)
;•
'M
June
Lighting
..
.
Orleans,
New
contingent interest bonds;
$1;
St.
& Mexico would
be exchangeable for $22,536,000 fixed interest series "B," $18,079,900
series "C" and $7,635,377 contingent series "B" bonds;
income bonds
for
$1,142,000 fixed interest senes "B," $1,212,100 series "C" and
first
.:
155,
20,
share
stock,
This will
on
.
income —V.
National
155, p.
Power
above
issue
tion
Light Co.
—
Exchange Offer Ex¬
payments
were
under
has extended to June 1, 1942, the da*e for the expire-
thp
offer
ma^e
which
the
holder
of
bv
deductions—subs.
it
may
to
the
holders
exchange all
or
of
its
any
$6
preWrad
303,761
—_
New England Gas &
Other
Total
debt———_—L
interest
of
debt
—
discount
and
provision for
provision
taxes—.
1,907,461
1,505
1,375
10,571
16,414
182,219
182,360
Crl,145
!
expense—
——
before
1,896.895
—i
interest-
deductions
income
312,589
$5,851,067
:—_
—
Taxes assumed on
Other
/
$5,883,051
Electric Association:
Interest on long-term
Net
The companv
the
&
pended—
/
Balance
Amort,
1412,
no
reduce
income
for tax,es„^
.
7,078
$3,793,136
$3,735,748
3,533,014
3,205,776
"took
part of his holdings
Net
income
$260,122
$529,972
1842
Earnings of Parent Company Only
12 Months Ended Mer. 31—
Dividends
,
FINANCIAL CHRONICLE
THE COMMERCIAL &
securities
on
Dividends
other
on
of
/ Interest on securities and
Other
interest
1941'
'
50,764
59,327
203,150
267,319
3,395
subs,
4,645
v:
——
Miscellaneous income
of
total
A
$2,251,499
i
indebtedness of
/.v^'+Federal taxes for-the three months ended Mar. 31, 1942, have been
> n
accrued
at./rates imposed-by the 1941 Revenue Act. 'now in effect.
lien bonds; series A," duO' July>l,r.l958>
>: As heavy increases ■in t-hese rates for.the year 1942 are under con¬
issued by
the New York Railways Corp. and •assumed by the New
sideration by. Congress, operating taxes shown herein for the periods
York City
Omnibus Corp., have been called for redemption as'' of
ended Mar, 31, .1942, are Jn all probability
Understated, and earnings
July 1, 1942, at 105 and interest.
Payment will be made out of
;y for these periods as reported are, to the extent that taxes
may be
sinking fund moneys at the Central Hanover Bank & Trust ,Co.,
/'/retroactively increased, higher than they will ultimately prove to have
trustees, 70 Broadway, N. Y. City.—V. 155/ p. ,828.
«
$2,259,196
security investments
of
$71,000
prior
•
;
45
>
Total
income
Expenses
____
$2,516,504
i——_______________
$2,582,835
139,425
____
New York Dock
income
'
Other
$2,377,079
deductions from
Net
2,115,319
___:
I
$287,163
Note—In
i
been
$237,021
—
25%
of
the
tax
computed
under
such
of
week
10,890,732 kwh.
production
V.
ended
of
May
This is
for
the
rates.
p. 753.
kwh., or 2.39%
corresponding week a
above
year
Quarter End. Mar. 31—
from operations before
•
week is reported at 104,107,000 cubic feet,
an
increase
of 3,482,000
cubic feet, or 3.46%
above production of
100,625,000 cubic feet in the corresponding week a year ago.
new
For
the
output
month, ended
of
47,170,358
4.41%
above
30,
This
of
the
is
kwh.
11
1942
expenditures
.
dividends
Interest
electric
$78,480
..
a
Gas
year
ago.
output
reported
is
> 43,433,000 cubic feet,
the
in
...'
.
471,906,000
as
cubic
feet,
an
i.-,
: •
.
correspono'ing month
ago.—V.
year
a
155, p.
increase
3,188
$100,816
>
.
oper.
Railway
;
.
would
tax
Total
production
of this
*
association
New York
Association—Output Up 4.48%—
Joint
Y
ry.
New England Power Association
Operating
revenues
$8,163,915
_—
ing
as
companies and secondary sales to other utilities), was 55,094,513,
Compared with 52,731,224 kwh. for week ended May 3, 1941, an
of
t
—V.
deduc.
revenue
preceding
increase of
an
1603.
D.
ended
week
2.02%
April
25,
1942,
Operating income
54,-
was
corresponding week last
over
Other
year.
income
Telephone & Telegraph Co.—Earnings—
1942—3 Mos—1941
Operating expenses
Taxes
—
$87,913,219 $81,480,539
59,859,646
55,972,492
13,257,007
10,448,625
Net
income
declared
of
Total
$3,787,175
Dr8,359
•Incl.
income
(net)____
income
Interest
$3,520,468 $14,796,566 $15,059,422
I)rl5,557
123,829
124,499
$3,778,816
operating
Fed.
inc.
$3,504,911
$14,920,395
1,175,786
1,284,875
4,999,836
$2,220,036
$9,920,559
tax
2,722,477
2,333,552
9,723,131
'Earnings
+$113,516
$197,427
5,062,766
•Hi'
-'r'- <1"}* "
$1.66
$1.67
$7.14
1
877,039
Drl4,466
Drll,241
(net)
_
>
The
*
1941.
York
Operating
$7.59
Gross
For
after
i
$330,000
$3,723,771
104,579
$1,592,500
above.—V.
New
Orleans
End.
Operating
Public
Hp—
rpvpnup
auctions
and
•
taxes—
tax
Net
oper.
$258,855
accruals
17,780
24,389
257,582
113,385;
159,632
of
$549,779
$4,618,597
above
have
inc.
Net
aft.
fxd. chgs.
66,781
applicable to pref. stock.
2,268,836
544,586
2,453,051
544,586
tlncludes
■
.
taxes.—V.
provisions for Federal
New York
'■
:
155,
p.
(Including
5"'
Period End. Mar. 31—
Leased
all
1942—Month—1941
V.':
: ?'r':V
g
■
.
Lines)
operating
revenue
;>
and
g
'
expenses
fr.
1942
"On
f
oper.
12,747,793
11,274,211
29,362,974
5,974,119
4,414,479
13,428,847
Equip. & jt. facil. rents
1,285,879
1,265,994
3,608,521
3,637,942
5,487,795
5,593,738
12,325,606
1,474,084
1,469,622
4,169,530
7,063,360
16,495,136
18,655,060
123,982
124,220
396,531
«•
•"
j
20,291,323
income
Other
income-
oper.
.
r
-
>:
$6,530,707
(net)-.:
Misc.
from
inc._
for fix.
chgs.
deduc.
Gross
> 66,213
income
•Net
>>,-47,812
$6,596,921
deductions——:
$6,857,169
2,315,784
•Of
income
which
period
of
6,837,897
charges
6,939,140
16,098,605
3,904,390
3,980,030
11,730,722
18,246,015
11,862,359
2,933,507
fixed
Total
accordance
in
with
orders
current
for
of
New York Steam
,
period
construction
the
P.
and
Operating
2,959,110
4,367,883
•Incl.
inc.
Fed.
&
in
Other
$4,786,779
F.
E.
$4,692,657
3,363,701
3,332,365
9,066,'.770
$1,360,292
$864,603
11,665
9,889
43,267
$1,434,743
$1,370,181
$907,870
$1,255,070
293,163
—
income
302,571
1,204,748
1,208,683
(net)—
income
$9,931,373 $10,548,446
;
$1,239,118.
1,514,184
<*>
„
President, announced that the company on Mav 1
repaid all of its outstanding bank loans, amounting to $16,000,000.
While only $8,000,000 of this amount was due, the company exercised
its
right to anticipate the balance.
With this payment, Mr, Williamson
repaid some $25,000,000 of outstanding
obligations- since the first of the year, including the debenture 4s
which were due on Jan. 1.—V. 155, p. 1755.
that
the
has
company
New York Chicago & St. Louis RR.—New Directors—
Four
directors
new
President
James
M.
York;
Carl
of
Trust
and
replace
Bank
the
D.
annual
Midland
of
meeting viz.:
Trust
Guarantee
Co.
Gibson,
of
150,000;
150,000
200,000
Bank
President
of
&
$917,610
t$496,878
4,862,892
4,868,592,
10,096,594
E. Sweet,
O.
of
Finance,
.
board
George J. Arnold of Cleveland.—V.
First
&
Merchants
National
155,
Bank
p.
of
Gross
.
from
Net
from
Net
ry.
1942
•,,/!.
railway—$264,552
.
'
>
the
p.
plan should
new
of
taxes
,
.,
r
,
,
oper.
the
1941
this
that
be
is
the
the
the
filed,
New
road,
on
before
plan for reorganization
Commission > since
present plan
but feel
Jersey
being
Is
that At
railroad
tax
challenged
of
April .21.
not
cannot
workable
Richmond,
Va.,
1755.
New York Telephone
Period End. Mar. 31—
Operating
Operating
Operating
Net
-Earnings—
revenues
expenses
from
Net
from
Net
rv.
—V.
railway
1940
oper.
155,
p.
operating
1939
$391,149
$208,794
$267,202
Total
301,053
136,529
207,018
Interest
303,307
101,717
inr.omen
1413.
706,256 '
4°0,539
508,495
tax
1941
rates,
subsidiaries
.\V
consolidated
$5,416,710
was
income
net
for
the
first
of
the
52-cents
share
per
for
the
quarter
and
$1.95
per
months."
12
longer
no
are
for the calendar year 1941."—V.
and $1.81
155,
1682.
p.
J
•' ■
/
«
,
.
<v
»' '
Power
•
'
.'
\
1942
'
'
•
'I
1941
revenues_„_____.$2,214,303
1,724,630
opeiating
V'. ^
%
Co.—Earnings—
$2,071,092
1.542,659
income
$489,673'
28,483 V
—
——
deductions
income
$528,433
33,678
$562,112
'
225,805
——...
$292,351
-------————_____—
237,653
$324,458
•
does not consider that it has any liability for Fed¬
tax, under the Excess Profits Tax Act of 1940, as
per.ods covered by this statement.
Provision, for
/Federal income tax for the period from Jan. 1, 1942, is based upon an
1938/
and
law/ which
courts.—V.
for
the
Northern States Power Co.
Z
ended
week
May 2,
31,092,000
155,
,
,
p.
(Del.).-^Weekly Output—
the Northern States Power Co. system for the
194?r totaled 33,531,000 kwh., as compared with
for the
kwh.
7.8%.—V;
-
155,
■'/•>•
of
output
Electric
increased
the
profits
excess
anticipated 1942 tax rate of 40%.—V. 155, p. 1017.
:
corresponding week last year,
an
increase of
1755;>.>;./t>'
58,467,754
37,368,078
Northwestern Ohio Natural Gas
;
Co.—Earnings—
>
1942- -12 Mos.—1941
55,892,270 231,523,436 220 964 161
148,634,255 141,466 036
11,678,086 +46,462,289 ' 42,036,913
income
(net)
8,252,728
383,537
9.491,933
'
36,426,892
37,461,212
J9rl7,639;
9,406
1,052,071
624,061
732,999
812,384
439,264
335,808
445,510
deductions.
$8,636,265
1,149,237
$9,474,294 $36,436,298 $38,934,974
1,073,366
5,054,180
Oak
net
income
$7,487,028
8,426,000
29,491,000
Balance
$1,167,528
•$25,072
$1,891,118
of
•Deficit.
$785,882
155,
Co.—Merger— "
p,"-1414.
"
.Mu'.
^
^
J
Hospital and Training School for Nurses
Park
Wis.,
are
offer-
1942;. due Nov//:.!, 1954.
Prin. and int. (M. & N.)
office of First National Bank of West Bend, West
corporate trustee and registrar, or at the option of the
holder ati office or agency of the corporation in Chicago, 111.
Both
principal and interest of these bonds will be payable in iawful money
" Dated
payable
33,704,000
•-.<
Co.—V.
$249,000 3% 1st refunding mortgage sinking fund
bonds, series A at 101 and interest. " >•..:>• 7/'/;
V /;
>
; 4,445,092
$8,400,928 $31,382,118 $34,489,882
6,319,500
Gas
ing
,,Bend,
Dividends
Fuel
fered—B. C. Ziegler & Co., West Bend,
/
563,656
784,802
income
Ohio
of The Sisters of Misericorde. Oak Park, UK—Bonds Of-
1,473,762
=
JSee
/ :
34,722,251
164,951
Total
*
railway
of
and
and $20,530,912 for the 12 months ended March 31,
after payment of preferred dividends to earnings on the
stock
amended,
presented
in
1942—3 Mos.—1941
+12,846,948
taxes
Other income
1941
From Jan. 1—
Gross
Co.
.,
lhl
,
basis
the
on
the
be
1755.
274,979
income-—
corporate net
for the 12 months'
share,
Gross income i—* $518,158
eral
;
director of the Interstate Commerce Commission Bureau
asked all parties in interest to advise him of the
company, which has been
All parties have agreed
270,380
railway
to
to
with
subsidiaries received cs dividends on their
the company and the income received on our
!•
-
Other
•
New York Connecting RR.March—
North
dividends,
Manufacturers
Dickinson, President of the Kanawa Valley
Ralph C. Glfford, President of the First
Louisville, Ky.; John M. Miller, Jr., Chairman of
the
-
amounted
preferred
compares
common
*
•
1942.
Ave.,
Net
Va.;
and
of
Operating income//:--—
has
York;
L.
W.
This
v>
31,
Note—Company
because
Co.
March
'
net income of
corporate
payment
total
the
$905,700
,
a
New
the
ended
after
12 Months Ended Mar. 31—
.10,948,277
$890,800
$223,100
New York Susquehanna & Western
RR.—Hearings On
Reorganization—
"
t} ♦
now
of
10%. " Of
t$253,613
•Incl. mainte. exp. of__
$201,700
tDeficit.—V. 155, p. 1516.
that
Trust
the
$6
Total
•
300,000
$991,580
____
Sales of steam— M. lbs.
James
New
Trust >Co.
Continental
York.
of
of
at
Marine
attorney for
Harvey
John
Charleston,
National
elected
President
Hoffmann,
O.
of New
Co.
They
Bank,
the
Vice
Nicely,
York
New
were
of
quarter
for
companies
new
advisability of holding hearings
G.. Blaine,
first
same
they have been able to
before income taxes and
earnings
rates,
Northern-Pennsylvania
had
stated
the
companies
the
a
Milwaukee
1942
Co.
Income
Williamson,
of
increased
$4,245,280,
to
months
of
earnings
O
.
15,952
/
surplus
tax
equal,
was
for
same
alone
show
1942
subsidiaries—
Operating revenue deductions and taxes
______—__
Balance
3,450,084
of
or
of
ago,
and
Appr. net inc. for acquis,
bonds
output
the
v.Y "
-
r„•
-
of
this company, formerly located at '4i7 Mis¬
East St. Louis, 111., has been discontinued.
The common
preferred stocks are now transferable at The Corporation
Trust Co., 100 West Tenth St., Wilmington, Del.—-V. "155, p. 1682.
9,309,328
,
■■
taxes
of
down
12
quarter
consolidated
centering in Cleveland,
electric
income
1941
the
American
for
souri
Total income deductions
exc.
1,361,544
North
kilowatts
an
North American Eight & Power Go.^-Transfer; Agent—
deduc.
—
property
2,631,784
programs
the
in
759,000
Electric revenues alone increased IVfcVo
increased 13%.
At the same time, operat-
revenues
49 %,
-
of
for
and
equal
year
1942—3 Mos.—1941
6,383,656
Pays Off Bank Loans—
of
The accounts of North American Light &
included in the consolidated financial state> ments, and the figures just stated for the first quarter and for the
12 months reflect this change in accounting.
On the same basis of
/ consolidation,
comparative consolidated earnings per common share
were 38 cents for the first quarter of 1941,
$1.75 for the 12 months.a
'
>'
1942—Month—1941
than
or
basis
the
North
share
previous
bond, acquisitions
S. Commission.—V. 155, p. 828.
$1,423,078
revenues
revenue
taxes
&
fix.
after
properties
expansion of 35%.
has been installed, and
complete the entire program
our
the output of
Electric revenues
stocks owned by
common
•
$4;250,166
in
$900,000
and/or
Corp.—Earnings—
Period Ended March 31—
of
income
Net
charges
of
first
of
areas
combined
of 1941.
other
Co.
the
business
above
1941.
investments.
quarter
-
2,607,002
•
$4,281,136
$1,260,000
appropriated
was
Gross
avail,
Inc.
construction
our
addition
,
the
operating
"Similarly
$6,809,357
:
Operating income
income
Total
the
a year ago and $17,473,743, or $1.59 per common share,
calendar year 1941.
These corporate figures include only that
of
/other
409,045
ry.
Results—
period ended
part
common
income
income
•Oper.
Net
*
Their
14%
of
charges. '
the
'•for the
-
4,325,029
6,951,879
28,485,710
10,517,737
when
groups
per
1942,
14,330,031
ry.
tax
1939,
principal
undertaken
share of common stock.
income of $17,098,120, or $1.55 per
1941
21,248,293
'
in
$17,522,811
deductions
taxes
Operating
g
accruals-
rev.
Quarter
representing
plant capacity
in
first quarter
I American
.
Net
•Railway
increase
was
Y interest
$27,779,000 $27,100,680 '
\ 'r
1942—3 Mos.—1941
JjJ \'-v'
58,310,576
capacity,
1
,
$2,080,028,
Power
—
Operating
"
Total income
36,569,043 121,990,496 102,056,722
25,294,832
92,627,522
73,571,012
___
.
expenses
carry
Y/ife
44,362,011
31,614,218
Operating revenues
lour
have
generation
Louis.
increase
Corp.—Earnings—
revenues
Other
1
of
part
th
and total operating revenues
as
'
operating
>
Central RR.—Earnings—
..
1603.: *
latter
System
quarter
for the
.
ing
12 Mos. End. Mar. 31—
Total
.
Dividends
St.
$1.60
$4,889,032
>345,652
$258,771
<
531,359
$4,668,787
..j(>-
major operations are in
1942
first
Corp.—Billings Up—
subject to adjustment)
Total
income
Gross
the
schedule.
and
328,988
12,566
of
of March 31, 1942, was $542,528,967, compared with $578,111,700 March 31, 1941.—V. 155, p. 1755.
2,680
-
529,435
$3,088,254
,
meeting, April 23, E. L. Shea, President, stated, in
"v'/ /--
accelerated,
continued
$1,242,487
8,823
reserve
contract prices
$4,886,352
3,549
152
(net)
177,033
,
Co.—First
called for in the Nation's capital.
"Results of our operations for
1942—12 Mos,—1941
$1,268,642
15,421,570
$4,615,048
$549,627
Dr84
revenues
income
$8,841,935
common
stock
of the
Potomac Co.
which, together with
proceeds from subsequent sales of senior securities, Is expected to meet
financial requirements for the great expansion of electric service
,
retire¬
New York State Electric & Gas
Other
31,386
:
Power Co., in which North American Co. has a
large interest through
.its holdings of stock in Washington Rv. & Electric Co. The Washington
company has made application for authority to purchase $3,000,000 of
corporation reports billings for the three months ended March 31
amounted to $39,797,652, compared with $15,603,269 for the
correspond¬
ing 1941 period.
Gross value of undelivered contracts (estimated as
:•'.
17,909,189
176,457
'
1942—12 Mos.—1941
1,388,257
1,420,523
Cr3,160
$5,198,222
/
.
whose
New York Shipbuilding
Inc.—Earnings—
.'••••v*'•;*::*>?•'• •*!,••
8,419
$3,265,287
$1,325,119
1682.
electric
on
Co.—Earnings$106,078
operations since Jan. 1, 1941, included
adjusted for comparative purposes.—V. 155, p. 1516.
been
$1,937,884 $22,524,237 $20,307,922
$1,679,378
revenues
tnnPMHnff
Service
1942—Month—1941
31—
Mar.
Cr2,G63
Our electric subsidiaries in
Cleveland, Milwaukee and St. Louis have
already completed all of the financing that now appears necessary for
> this program.
Some financing remains to be done by Potomac Electric
The
Period
Dr40,415
$8,810,549
,
$1,501,577
Already one-third of this new
we are
doing everything in our power to
$1,009,000
1108.
145, p.
1942—Month—1941 /
$106,960
income
Note—Results
gain of 30,064 during 1941.—V. 155, p. 1681.
a
$3,396,269
104,575
City Omnibus Corp.,
revenues
inc.
ment
Net
1942,
compared with
as
$1,385,038
New York & Richmond Gas
reports a net gain of 11,130 telephones in service
as compared with a gain Of 10,583 during April,
the first four months of 1942 there was a gain of 32,228,
April,
Drl8,089
$5,201,382
$1,504,240:/$3,256,868
_________
annual
the
were
ac¬
period End. Mar. 31—
company
during
■
additional
' -Y
CJ''
'
.
the
Station Gain—
:
1
$7,973,925
American
American
New York Railways Corp.—Bonds Called—
$786,949
share—
per
Deficit;
155, p.
At
1,322,054
provision has been made for Federal excess profits
computations indicate no such liability.—V. 155, p. 1755.
9,334,206
+$119,446
.
■"
7
_______
part:
$5,045,825
1,299,655
$522,500
"
1,349,887
'
$10,121,155
___
1
' Balance
$4,695,924
325,570
Note—No
as
$15,183,921
$2,603,030
deductions
income
Dividends
i;
2,015
•
248,167,518 238,946,342 900,487,285 888,884,609
—
See New
Net
$5,043,810
4,287
'
stock.
preferred
on
elec.—kwh
cruals of
income
$4,691,637
-
$1,710,608
$1,460,989
Divs.
Sales
'\f
$3,869,584
289,603
.
23,353,048
of
1942—12 Mos.—1941
$22,079,284 $20,613,338
15,320,509
14,074,849
2,971,601
3,018,020
Operating revenues
$1,783,931
322,942
Total income deductions
1
$2,978,506
397,646
•
funded debt
income
"Since
Period End. Mar. 31—
Net
—V.
^
24,826,595
$1,782,180
$1,708,611
1,751-.
)
1,997
—
(net)—
income
Gross
.//, >■>;.;• ' ./J "
Other
6,062,998
\'
New England
,
.
6,381,735
taxes
Net
North
the
for
kwh.,
155,
&
!— "
$1,121,060
1942—12 Mos.—1941
$7,771,609 $29,518,232 $28,396,858
4.48%.
Production
529,416
•Oper,
1942—3 Mos.—1941
(net)_
income.
oper.
on
1193.
income
rents
income
Interest
„
1942—Month—1941
Period End. Mar.. 31—
and other report-
'
increase
Gross
155, p.
$10,856,522 $10,600,733 $30,487,543 $29,430,281
5,685,771
17,792,232
15.940,255
accruals—
3,531,566
1,936,456
8,825,728 >: 5.510,101
facil. rents
Net
Queens Electric Light & Power Co.—
Earnings—
in kilowatt-hours, both generated and purchased,
.and subsidiaries for week ended May 2, 1942 (the
amount available for
only as scrap;—V.
revenues
operating
Equipment
v
&
The
vv-
y
.
expenses.r >6,203,896
Other inc. items (bal.)_
New England Power
«
began
4
factories.
v
«/•'
be-Used
k
Ry.
$126,538/
/ $0.67
^
oper.
5
•
14,257
$98,800
$0.53
;
Period End.
'
.
,
/
14,257
———?
May
on
armament
Western .Ry.—rEarnings—
May 31—
1942—Month—1941 I
Railway
Railway
,
11,465
•
,
——___
,
Earnings per share
—V. 155, p. 1216.
other steel
^Norfolk
•
investments—12,604
notes
of
1755.
•
•
to
to pay $423,000 for the metal after attempts
the railway, which once provided 14,000,000 passenger rides
failed.
Lacy Moore, War Department engineer, said the
would be relaid at war plants in New
Jersey, but that most
tracks
of the
-V
above production of 428,473,000 cubic
10.14%
or
<.
days,-
of steel
tons
rails, 482 towers and 30 bridges is scheduled
had
year,
$104,004
>
6,541
July 1 to Dec. 31—________
75
-
15,000
70 miles-of
The Government agreed
a
-•
$71,939
Gold Mining Co. 5% infor the period from
Neptune
on
debenture
come
1,990,373 kwh.,
the corresponding
on
take
employed by the War Department
crew
line's
^
& Boston Ry,—Road Scrapped
on
properties
Interest and
reports
1941"
:
-
/
•
r
I to reopen
•
,
of
for
"•
Mining Co^EarningS
Profit froirt operations—
Association
increase
an
45,179,985
to
.
r/
^r-'-"\c
-V.
*'■
wrecking
removal of the
>.
.
■
month
feet
April
kwh.
production
A
shipping the
Expenditures on new properties.-—^
April Output in Excess of Last Year—
or
V!:
'
Profit
Gas output for the May 1
$10,680
^
-V:' \
•
New York & Honduras Rosario
•"/
347,578
$90,459
;
period last year.—V. 155, p. 1603.
same
Yor£ Westchester
> New
/
pi-ofit& 'tax;—V.-154,
i
''
ago.
....
406,037
Note—-No. deduction has, been. made, for: excess
reports electric output
increase of 254,181
an
kwh.
10,636,551
association
this
1
against 45,925 in the
554,450
"" '$367,258
$496,496
—__>«•
______
.
the
"-
/____■
income
Net
Weekly Output— <v",
For
——J.
—
Taxes, interest, etc.
by
> 686,443 ;■%
',$357,638
Net revenues
above -statements, provision for Federal income taxes has
for the three months of 1942 on the basis of 1941 rates
made
increased
>
26,058
/
——_—
'
During the month of April the company gained 8,710 telephones, as
compared with a gain of 10,793 phones in April, 1941, The gain during
./ the first four months of the. current year was 35,812
telephones, as
'
194J
$1,182,939 -'"• $921,708
—
•
$383,696
50,142
•
provision for taxes___
;V J-Net income
>
3 Mos.
Revenues
://'••" "
Gain in Phones—
(Including New/York Dock (Trade Facilities Corp.)'
End. Mar. 31—
'
f
' ** ^
' 1942 '**'
Expenses
income
Total
$2,499,015
2,089,915
income
\i:,
.....
■>>•'
been.
Co.—Earnings—
83,820
,
:
Net
Monday, May 11, 1942
/,
New York City Omnibus Corp.—Bonds Called—
1942
;
.
subsidiaries—-
'
• ■
.
the
April .1,
at 'the
Wis.,
United
States
denominations-of
and
$100,
interchangeable
as
of
America.'
$500
to
and
Bonds
$1,000.
denominations
are
in
registerable
upon
coupon'form
in
as
to
nrlncinal
payment
of
expenses
/
.
Volume 155Number 4071incident--
such Registration
■/,
'
•»
:'
-
THE COMMERCIAL & FINANCIAL CHRONICLE
' \
•
"The
■
interchange./ Lous "■ Kuehlthau; iWest
ox*
suspension
occasioned
was
by the confusion which had arisen
Bend, Wis., co-trustee.
\'; y> ih the market following the making of an exchange offer
by Trans?v Sinking .fund
retirements are $8,000 semi-annually, Nov. .1,., 1942, !v/ america Corp. to the stockholders of Pacific Finance Corp. without
to May>: 1/ 1944; $8,500 semi-annually, Nov. 1,
customary advance notice.
In the opinion of the
1944, to May 1; 1940;
Board, grounds for
$9,000 sefni-annually, Nov; 1,
1946, to May 1, T948; $9,500 semi¬ 4;. such confusion no longer exist.",
annually, ■ .May 1, ,1949, to ; May
May 1, 1952; and $10,500, Nov. 1,
1954, $27,000.
>
R?- ,,
$10,000,-Nov. 1, 1950, to
1, 1954; final maturity
1,: .1950;
,
Offer to Stockholders
Accepted—
1952, to May
'
V
,
W.
The net proceeds of this issue of Series A bonds, together with other
lunds of the corporation, will be used to pay and retire $255,000 first
refunding mortgage serial bonds dated May 1,
The
total
of the indenture is $895,725.
The
1936.
-v
;i;
share
„
in the lien
Sisters
of
••
,,
founded
Misericorde,
offer
two
were
shares
Bank
of
America
common
share
and
of
V;
one
{
w
1942
1941
,
1942—12 Mos.—1941.
i^TaXes
-u,..,..,—u*—
Gross revenue
$2,213,187
$2,040,096 $25,602,765 $21,219,221
Provision for retirements
:
•
6,426,207
Operating expenses„__
740,069
683,493
8,749,400
6,860,668
Prov. for gen, taxes
209,530.
191,926.
2,391,313
2,190,760
Net operating revenues$8,842,337
Prov. for Fed. inc. taxes
;
237,800
156,700
2,031,100
j 1,545,300 r
Other.income, (net)—. 279,335
Prov. for Fed, exc. prof.
248,200
137,500 / 2,093,500
423,800
Provision for deprec.
•
260,000
250,000
3,030,000°
2,875,000 ;
Total Income
$9,121,672
Interest, amortization, etc.
1,463,613
Gross income-^—___
$517,587- '$620,476
7,307,451. 7,323,692 s Preferred
dividends of subsidiary..
1,345,346
Interest and deducts— '
286,706 * /. 287,410
3,450,85T ,3,405,834 :
Minority interest of subsidiary
121
income
$230,881
155,576
-X———1
Balance1
—-v. 155, p. I4i4.\
s ■1
■
The
Securities
the
Ohio
Electric
$1,989;670
•
and
.
■
,
.
Gas
Exchange
the
Co.
Corp.
•
Both
approved,
Commission
Northwestern
Natural
Ohio
Preferred
subsidiaries
are
of
'
'
2,468,615
Gas
Northwestern
will
earned
declare
:'
surplus
dividend
a
since
Dec.
merger of Northwestern into
to
Columbia
Gas
Ohio Fuel will be
^liabilities—$5 dividend
-•
Thereupon-a
statutory
with Ohio Fuel
1937,
31,
■t
' ?.
equal to its
effected,
continuing
as
Ohio
will
Fuel
the
the
assets
surviving
issue
of
As
company.
shares of
58,354
Northwestern
will
to
incidents
stock
common
transferred
be
interest
,
this merger,
$45)
all
Fuel; and
-
Columbia Gas will acquire the; 58,354 shares of .common stock of Ohio
Fuel in exchange for all of the common stock of Northwestern held
by It, which consists of 55,505 shares of common stock
(par $50).
The
difference
the
between
issued
and
the
Northwestern,
entire
under
which
supply
common
of
is
solely
natural
book
value
at
par
net
value
a
be
from
Ohio
time
Columbia
shares
Gas
Ohio / Fuel's
of
investment
in
Investment
western's
value
to
stock
record
proposes
*
at j the
Northwestern,
in
Northwestern
earned
its
less
$646,000
Gas
Northwestern's
in
investment
and
of the
Northwestern
shares
*$235,075
earned
carrying
surplus,
subsidiaries
guarantors
as
had
contingent
received
Gross
/
Int.
by
a
The directors have declared
accumulations
bution
made
was
payments
the
on
payable June
March
on
made
were
income
charges
$183,968
108,277
(net)_:
2,
issue:
March
5,
$2,028,058
1,345,858
Net income
$75,691
$94,139
Divs. applic, to pref. stocky for period....-.*.
*
Gas &
Power
:
"
•
/""
" "*'
'
of
well
for
bulk
&
Light
Inland
to
Power
&
Light
Co.,
of
which
$4,335,084
operating' income
feross
income
Infcome
Net
deductions
-
income
i
Note—Provision for Federal
above
$4,336,454
1,966,284
provided
Pan
declare
^advance
periods was made in accordance with the JRevenue Acts effective
or
pay
notice to
dividends
its
on
operated
included
use
airports
155,
-J •/.
effect
$446,144
the
that
Pacific
Co.—Ruling
on
Bonds—
the
value
par
of the first
bonds of this company.
"On Dec. 29, 1941, the U. S. District Court for the
holders
does
$5
not
$100
per
clearly
amount of
face
under
mortgage
to
or
the
payment
of
arrears
Western District
applies
the
to
mittee
of
loads
of
the
directors
on
last
on
April
;
of
report
in the
the
The
have
'directors
28 ' declared
"
declared
payable
June
to
15
a
dividend
a
dividend
-
of
ef
$2.7$
the $5.50 convertible first
of
holders
-record
cents
25
per
1938.—V.
Oxford
155,
p.
This
June ;1.
;/
,
per. share
on
preferred stock,
the
represents
•.
;
1756.
Pacific
£
,
;
/
/
/.
/
j
.
•'
income
Emil
^
Schram,
made
"The
the
Board
President
following
of
regular "meeting
ing of business
which
was
of
the
Governors
of ..the
today determined
May
1
temporarily
the
Restored
i"
-
New.
to
common
suspended
u.
~
York
-
«
from
..
bases
on
and
withv
22,
the
as
most
successful
and
98,582.
Facilities
stations
and
some
increased
flown
from
total
of
were
the
11,800,000
285,095
express
pounds
highest yet
capacity.
For
for
recorded.
S.
Lines,
the
on
have
been
elected
directors
board.
Navy under
President
of
and
the
director
American
Corp.,
of
American
Superpower
Missouri-Kansas
Newspapers,
Corp.,
&
Bankers
Texas
RR.
Adams
and
Mr.
subject to approval by the Civil Aeronautics Board.— V.
is
155,
of
<
ancl
,
the
positions
the
on
board
by
Petroleum
&
Mr.
Transport Co.—Tax Re¬
income
deductions
for
the
war-time
under
at
.
a
open¬
1942.
standing
the
year
and
year
for
their
on the
with a
ble
the
&
Gasoline
handed down
Columbia
for
The
(D. C.)
been
dispatch.—V.
Co.—To
be¬
Treasury
the
company's
overassessed
by that
154, p.
1599.
Purchase
Its
the
March
on
system,
the
cancellation
plan whereby the company's out¬
a
would
be
purchased
outright
from
Corp.
31, involving Panhandle Eastern
Securities
of
the
and
Exchange
Panhandle
B
Commission
preferred
SEC
held
that the
Issue
represented
unfair
an
issue
and
in
inequita¬
of
voting power
in
the
Panhandle
company
and
"only as: a pure device to insure control."
plan, Columbia Oil and Gasoline/ which Is a subsidiary
of the Columbia Gas & Electric
Corp., will be offered par and accrued
interest for the issue
(amounting to $1,000,000) providing acceptance
is made on or before May
11, the date for the adjourned annual meet¬
ing of Panhandle Eastern.
Should
the
proposal
be
accepted,
the
Under
the
Columbia
interests
Panhandle
the
and
stock
of
lose
the
Eastern board
Oil
right to elect
directors.
It
Raymond Ransom
Panhandle
Columbia
being
would
board
Patterson
and
If
Gasoline
is
the
two
.understood
the
are
directors
that
directors to
be
retirement of the
also
404,000
owns
to
the
Richard
C.
dropped from
issue
effected.
of
shares
is
common
of
Panhandle Eastern, but has been ordered
by the SEC to
plan for ending control by the Columbia interests over the
pipe line.
Hearings on this phase of the situation are being held
before the Commission.-—V. 155, p. 1517.
devise
a
operation
company.
War
*
Services
Paris-Orleans RR. Co.
Outlined
transport by air is, in
de Paris
a
The
due
overseas
that
military effort," J. P. Trippe, President, said, re"more than, three-quarters of the resources, equipment
and manpower of the Pan American Airways System are now devoted
on
directly
or
indirectly
assignments which
of
the
routes,, most
Included
year,
of
President
have
which
service
which
in the
were
was
to
of the United States has character¬
"cannot
be overestimated."
In
the
instituted
meet
services rendered
over
military
on
behalf
25,967
miles
of
new
needs.
of
the
already
of
been
cease
war
effort; and
<fc
June
for
Attention
the
is
for
Payment
Incorporated,
of
of
drawn
been
franc
rate
on
notifying holders of its 6%
that Frs. 700,000 principal
1942.
Co.
the
presented
v
is
1956,
have
1„
presentation
of
publicly revealed, the report listed: the
airport facilities in manv parts of the world, useful
defense of the Western Hemisphere and the war effort of
construction
the
the
of
official
-
.,
1,
issue
June
Morgan
to
importance
an
of
course
this
(Compagnie du Chemin de Fer
Orleans)—Bonds Called—
~
a
company
Dec;
lent
for
the U. S.
determined
had
Pipe Line
B
distribution
porting
,
Eastern
Oil
order
an
Act.
large measure, the product
ofV.PanA American's pioneering, enterprise.
Because ; of / this;
Pan
American has been privileged to undertake an important part in our
which
Washington
a
has
1924
remained
are
continued
Bureau
1923 and
compliance with the provisions of the Public Utility Holding
Company
oL the.System, in all sections of the world,
basis.
War losses incurred on the Pacific
providing
Revenue
approved April 29
preferred stock
class
Columbia
In
actual
contracts
is being refunded $600,000 by
Internal
The directors
'
called
other
to the flight equipment, estimated at $910,849
the newtv established. War. Damage Corporation.
"Transoceanic
ized
<•
corporation,
April
1941
the prosecution of the war."
-/ ■- While
security., regulations do not permit the disclosure of
the
R major part of Pan American's operations, the company has undertaken
/
April /■/
*
Exchange
dealings, at the
dealings
:
country's
'•
,'W
on
t
Stock
restore to
stock of the above
taxes
—
.
New York Stock Exchange,
announcement:
records
represents
full
on..a
government
;
to. Dealings on Stock Exchange^— ;
20
after
revenue
by- the
>
4,
corporation
,
/
California—Stock
CornR of
Finance
'
J
.
Pan American
Preferred Stock Held by Columbia Oil—
Following the declaration of war, title to the System's transoceanic
Clipper fleets on both the Pacific and Atlantic was transferred to the
Pap^r Ccfc—Accumulated Dividend—
'/
to
weather
a
U.
the
Committee
Panhandle
Annual Report-
Dec.
were
,
p. 604.
72,615
miles
are
the
Johns-Manville
amount, according to
government
subsidy, is particularly
Gross income/ including non-recurring items of $891,654,
to ($40,035,153, : as ; compared
with
$27,334,117 for
the
previous year.
Operating costs and other income deductions, including taxes, amounted to $36,673,901 against
$25,077,799 for 1940.
When the Japanese attacked in the
Pacific, Pan American's transpacific routes were under fire.
Within
24
hours of the attack on
filed
The previous payment was
1942.
the
Pekrl .Harbor;RU services
~
',
A dividend' of $1.25 per share has been declared on the $5 prefer¬
ence
stock, no par value, on account of accumulations, payable June
1 to holders of record May 15.
A like amount has been each quarter
since and including March 1,;1940, as against $1 on Dec. 1, 1939.—
v.; 155,
the
/"/
and
Ton
to
vacancies
income tax for the years
significant.
w
made in
of
directors
a
the
cause
/ .amounted
.
1941, to and including March 14,
Peak
from
routes
all
Secretary of
Thb company
corporation's
quarterly dividends which accrued on March 15 and June 15, 1941, and
will leave $5 still accrued stnd unpaid.
;
>/■■/• <-/*
•
»'
Distributions of $2.75 each were also made each quarter-from March
15,
in
Douglas DC4s
American-Grace Airways.
1316.
155, p. 1517.
31, 1941 was $3,361,251. equal to $1.73 per share
shares of capital stock outstanding.
This compares
net income of $2,256,317 for 1940.
The income analysis* indicating that
only 1.1% of the
•
of accumulations on
pounds,
fill
Pan American
1,937,355
year.—V: 155, p. 604.
account
Included
DC4
four-engined
Pan
radio
are
letter-
Passengers carried increased from
miles flown reached 227,000,000.
Air
System
to
Finance
and
Hanes
hlstofy' of thtf company.
Net
ended
stock, payable May 26 to holders of record May
amount" was distributed on May 26, Oct; 31 and Dec. 29,
;Otis Steel Go.—Accumulated Dividend— /
'
DC4s
are
Douglas
Hoover, is also
a
director of the American Telephone &
Telegraph Co., General Elec¬
tric Co., Newport News
Shipbuilding Co.v and other companies.Mr.
Hanes, a former Under Secretary of the
Treasury, is also Chairman
p.
shall
Revealing that practically all of the world-wide air transport operaof the Pan American
Airways System are already devoted to
war
effort of the United States and its
Allies, the 14th annual
the class B
A like
at
terminals.
over
director
a
American
Adams,
Holding
the
total
The
DC3As.
two
to
the
there
90%
and
Pan
Mr.
Inc.,
tions
principal
interest.
Oliver United Filters, Inc*—25-Cent Dividend—
share
Douglas
are
and
these,
four-engined
except with 30 days'
stated.—V.
was
Pan American Airways Corp.—1941
"Accordingly, until it has sufficient information to eliminate any
doubt as to, the nature of. the payment.the committee requests that
members continue to quote these bonds on the basis of a percentage
of the original principal amount, and that contracts be made on that
basis by mutual agreement.—V. 155, p. 1730.
/12:
DC3As
19
110,000,000.
••
mately 2,284,000 telephones in service, it
the trustee to pay to the bond¬
the bonds.
The order, however,
of
value
whether
state
the claim
DC3A
New Directors-
This company and its subsidiaries report a net station gain of 13.812
April, as against 13,179 for March and 11,623 for April, 1941.
The
gain for the first four months of this year was 50,3.57 against 50,955
in the like 1941 period.
The company and subsidiaries have approxi¬
order directing
an
four-engined Lockheed
landplanes
and
three
Charles Francis Adams* Chairman of the Board of State
Street Trusfc
Co., Boston, and John W. Haines, Chairman of the Executive Com¬
S%
issued
40
two
for
delivery
ground
marine
Mail
services
exceeded
in
:
,
on
the National Uniform Practice Code
of:Oklahoma
Three
operating at
the 14th
consecutive year, schedule
performance by the Pan American Airways
System, as reported by the United States Post Office
Department,
Pacific Telephone & Telegraph Co^—Gaiii in Phones—
of Securities Dealers, Inc.* announces: >
''The committee has been
asked to rule
7 of
for
Besides
increased
175
some
or
to
year.
A11
1756.
p.
effect
fund—
The National Uniform Practice Committee: of the National Association
Section
services
375,732.
Passenger
increased by 6,300,000
during such periods.—V. 155, p.; 1683*
Oklahoma Railway
Airways.
manufacturers
to
a
stock
common
the Commission.—V.
;
the
opera¬
contracts.
government
contracts
twin-engined
letter-agreement
companies.
not
taxes for the;
income and excess profits
firm
DC3As for
other
to
Ireland,
Order
on
27
Co.,
condition
the
Nations
to
>
and
of
a
Fleet
emergency
American-Grace
Trust
order also contained
United
Service
temporarily curtailed by the war,
substantially equivalent to those in
has
six Douglas
300
with
concern
the
unsatisfactory ratios of
capitalization to net plant, and also that Pacific is paying
6% interest to its parent, American Power & Light Co., on its note in
'.the amount of $2,794,500.
These questions were directed .to the Com¬
mission's Public Utility Division for further study.
The
the
been
under
the
in
$904,622
458,478
wholly-owned subsidiary, of a note in the amount of $7,560,000 and a corresponding
restatement of Inland Power's capital stock.
This is to be followed
by the transfer to Pacific Power of all the assets of Inland Power
-$2,48Q,30S
of
mails.
the
-
South
1941.
American
it reserved all questions.
The
Commission
noted
$4,485,580
* 2,005,274
$2,370,170
—
have
Traffic
application to become effective must not be interpreted as an approval
the state of
Pacific's
accounts, or of Pacific's status under the
and capital simplification feature of the Act, as to which
890
officials
since
and
transporting
During: the year under review riilleage over which the
of
$4,484,691
.
1,370
'—
—
military
transatlantic
that
North
now
7.
Pacific's
Net
the
airline
the
nevertheless
equipment under
integration
Other- income'
the
■
Indicated
both
over
and
of
with
1,278,792
$223,722
the report
doubled,
$2,183,414
$682,200
458,478
high-speed express air services
during the coming year;
Aires
operations
government
the
as
are
and
>
-
24-hour
Buenos
services,
than
more
landplanes
preliminary to dissolution of the latter company.
In its opiniqn, the Commission points out,
its/ order permitting the ;
"
1942. •
'
,1941 Operating revenues
$14,566,384 $13,723,029
Total operating'revenue deductions—l—10,231,300
9,238,339
'
have
majority
as
Pan
Pacific Power & Light Co.—To Merge Subsidiary—
Electric Co.—Earnings—
Tears End. Feb. 28—
.
and
landplanes,
16
twin-engined
Douglas
four-engined Douglas DC4s, of which
tlncludes provisions forvFederat taxes.—V. 155,. p. 1756,
•
Oklahoma
operation
flight
war,
delivered in
4,547,339
102,475
was
Boeing
transoceanic
four-engined
flying
boats,
18
Douglas
twinengined landplanes and 13 Lockheed twin-engined
landplanes were
5,092,656
Balance
1/ $3; and Dec, 1, $1,-~V. 155* pi604.
$1 each/ Nov.
in
Janeiro
transoceanic
75,000,000
1 an4 Sept.: ,1^
fune|
de
of
Atlantic
1942—12 Mos.—1941
$196,614
to
to
During 1941 approximately $9,650,000 was expended for the acquisi¬
of
new
flight equipment
and
ground
facilities,
exclusive
of
$6,512,232'
>
the asset side;
Extended
tion
cumulative
this
on
the
tions
dividend of $1.75 per share on account
/ V Tbe : applicaUohlbf the
company to- absorb w wholly-owned subsidiary
first
preferred stock, par
has been approved by the Securities and Exchange Commission.
of record May 15.
A similar distri¬
The proposal provides for the surrender for cancellation
by Pacific
last, while during 1941 the following
a
7 %
have
before Dec,
holders
to
1
Services
temporarily suspended by the Neutrality Act in the fall of 1939,' is
shortly to be reinstated, Mr. Trippe said. On the transpacific routes,
bank.—
$6,893,961
v
:i
OhloRiver Sand & GravelCov—Accum. Dividend—
of
Rio
certain
$176,769
$1,801,305
$1,964,894
"18,78$ "
227,993
223*383
1,059
Dr1,240',. Dr4,863
19,15$
947
and
South
to
System
31, 1937, but after payment to Columbia Gas of earned surplus
Since Dec. 31, 1937.—V. 155, p. 1414.
/
$100,
and
both
approximately
373,598
$163,866
.
-
their
connection
gross amount appearing on
the Atlantic
on
agreements
(net)...
in
America, was also established during the year. Daily
is expected to be instituted
shortly on all main trunk routes
although delivery of advanced four-engined landplane equipment
been
delayed by necessary
military allocations,
the
Company
and,
For
to Dec.
,
the
'
including undistributed surplus prior
^
and
Janeiro
outbreak
$152,133;
total, $228,-
$550,367
419,299
government,
Transocean Operations Increased
Subs.)—Earnings—
1942—Month—1941
taxes
Other;income
as
States
and
Latin
America.
Forty-seven of these extend
of which 24 serve the Panama Canal Zone.
transcontinental route from Lima, Peru on the Pacific
properties
(&
:
the
to
charges,
of
areas,
America,
de
has
financed
war
Pan
Zone
long-term
accounts payable,
liabilities
instalment contracts
on
from
by
United
New
Rent ffom lease of plant
The amount is- equal; to cost to
amounts
for
expects
$19,300,859;
civilians
service
.
$1,468;
subsidiary,
(unamortized
$72,662,523;
XNet) operating revs..'. '
v
.
partial liquidating dividend, and less adjustments to eliminate earned
surplus deficits and to reduce the carrying value to the net book
value
credit
Period End/Mar. 31—
.
less
$511,864
Operatingrevenues.:..'' $583,165
tOpef.\ rev: deductibrts
>
'
additional
the
figure;; at % which i it /carries-/ the
established against the
shares,
$486,699
l,000,00a
.
Pacific Power & Light Co.
companies,
Toledo, Ohio;
$55,658, and plus the amount of Northbefore Jan. 1, 1938, making the net book
surplus
of
by
155, p. 507.
-
of
the investment $2,917,722.
of
Columbia
V.
;
Both
in
^
reserve,
a
4,825,893
surplus of
the
•
Note—The
of
Northwestern distributes natural gas, and Ohio Fuel manufactured gas.
Ohio Fuel also purchases, produces, and transports natural gas which
It distributes in numerous other Ohio communities,
v
'
deferred
reserves,
837,522;
obtains
company,
Fuel.
service
and
of
former
preferred
stock
common
evacuation
organized under American auspices
American-Grace Airways and Panair do Brasil,
replacing the
German-controlled operation of this strategic airline.
A; new
route, from Nuevo Laredo to Mexico City,
providing connections at
the
Mexican
capital with services to
Central
America, the Canal
154
-
distribution
furnishgas
management,
the
total
Ohio Fuel's
Ohio Fuel to
by
v
-
-
-
<
gas
gas
credited
in
$846,974;
of
$2,625,930
in
exchange* is-: to
surplus since Dec. 31, 1937.'
capital
its
Northwestern's
$2,917,722,
merger,
stock to • be
112
$0,337,757
bank loans, $4,750,000;
mortgage bonds, $47,150,000;
$2,204,467; accrued interest on funded debt, $84,313; taxes accrued and
payable, $8,764,627; dividends payable, $589,009; customers' deposits,
(par
Ohio
to
and
the
as
from
new
Rio
stock, $20,000,000; common stock,
$29,937,924; preferred capital stock of subsidiary, $22,393,225; minority ®
'
of
1,350,278
construction, $1,168,380;
accounts
and
notes
receivable,
$5,627,557;
gas
storage and deferments, $296,742; materials and supplies, $2.728,841," deferred" charges/ $2,530,370; total, $228,837,522.
;
whichRas beeRapprpyeA. by the Ohio/P, U, ^Commission,'
,
A
franchises^ $206,500,467; 'investments
securities, $4,396,788; cash, $5,588,386; deposit with trustee for new
in
8s
properties
in
with
States
South
$5,647,548
1,056,730
4,825,893
.
from
points
reviewing
System
$9,466,595
1,863,635
1,346,482
Consolidated Balance Sheet, March 31, 1943
Assets—Plarit
,
The merger,
—;
to
cooperation
the corporation is not
yet in a position to determine
treatment in the financial
statements, funds advanced
United
$9,547,986
1,000,000
4,825,893
...
dividends
Surplus
>
4. a plan
into the
Co.
Columbia
the
//
.
dividends
Common
Africa
in
>r</ j v $§
the flight operations of the Pan American
Airways
year/ Mr. Trippe reported that route mileage of the
5,803,500
Pan American Airways System in Latin
America increased by 15%, '
and miles flown increased
by 34%. Partially as a result of the war's
$9,206,406
curtailment of surface shipping, the
report showed that Pan American ;
260,189 y is now
operating a total of 60 schedules each week between' the
6,027,527
J—$6,312,59^
•Deficit.
May
Gas
Net income
^
-
$2,050,934
.
-
contemplates the foliowihg ; transactions:
entire
''
.
/$75,304
/,
of
merger
Fuel
$177,483
$3,917,857.
1,866,923
$3,856,593;
1,866,923
Gak Co.—Merger Approval Given—
Ohio Fuel
f.
for
$333,060
155,576
and
a
All
In
.
Net
well
as
such liabilities
.
Dividends «n pref; Stock
transport service
war
operation,
with
emergency contracts, together with properties
involved, are car¬
in a special section on the asset side
of the consolidated balance
sheet.
A total of equal
amount is carried in a separate section on
the liabilities side,
including a reserve equal to the difference between
I94d
$9,283,024
264,962
,
of
Atlantic
and
war
$51,267,318 $45,995,395 $43,902,800
25,078,160
22,678,996
21,875,707
10,920,6148,005,848
7,017,187
.
of
South
ried
(& Subs,)—Earnings—
Gross operating revenues
Expenses
the
and
receivable
,
(
.Pacific Lighting Corp.
12 Mos. End/Mar. 31—
establishment
organization
Because
proper
J.
Co.—Earnings—
government,
world,
Pacific
*
.
Period Ended March 31— 1942—Month—1941
of
City Bank stock for each
V.Mr. Andrews said more than the
minimum 275,000 shares of Pacific
Finance stock had been
placed in escrow.—V. 155/ pv 1683.
1
"
')> » f '
'•
" >
r^
t
,
in
.
Ohio Edison
the
National
the
across
the
ferrying service to speed the delivery of military
equipment to the Middle East and the
Orient; the re¬
placement of Axis-controlled air services in South
America; the train¬
ing of some 1,850 flight navigators for the U.
S. Army Force and
the Royal Air Force; and the
transportation of government officials,
military personnel and important supplies to
many
parts of the
Finance- Co.
1845 at Montreal,
Canada, the present location of its Motherhouse, has five institutions
of the Order in the United States and six in Canada,;in .addition to
the Motherhouse.—7V. 155, p. 1755.
■
"/:■■;*
Order,
of
of
East;
aircraft
that
Terms
„
appraised value of land and buildings included
States
Middle
the
'
L.
stated
United
the
Andrews, Vice-President of the Transamerica Corp. on
May 5
stockholders of the Pacific Finance
Co.. had
accepted
Transamerica's offer of affiliation through an exchange of stock.
>:
United Nations;
the
"
.
Nov/ 1,
1843
the
amount
1,.
1942.
called
bond
the
Coupons
their
the
the
be
dollar
in
Interest
issued
and
to
the
thereunder.—V.
regulations
154,
p.
the
at
the
on
at
J.. P.
equiva¬
basis
the
drawn
that
amount
of
dollar
the
on
series,
bonds; of
office
France
on
maturing
of
date
the
time
bonds
of
will
should
be
maturity.
imposed
States
of
amended, relating to transactions involving
foreign • countries
(including France)
or
.^interest,
Y.,
of
principal
the
calculated
restrictions
United
at
N.
foreign
amount
their
at
made
York,
bonds.
at
to
of
the
for
called
payment
President
New
of
exchange
the
redemption
will
bonds,
issued
1057.
bv
their
or
Executive
America,
property
that
in
No.
nationals
may
Order
8389,
which
as
certain
have
hereafter
an
be
■
/the rate of one share of cumulative preferred for each 18 shares of",
Galled—
common held.
The dividend rate oh the preferred and the subscrip¬
notifying holders of its 1st mtge. 5 % bonds, due
tion price will be supplied by amendment, .v ti
:•'&«*.* \>' <}V '<■ "-h
Such shares as are not subscribed by common stockholders will.be »
Jan. 1, 1945, that it will redeem and pay on Sept: 1,
1942 all out-:
offered to the public at a price to be supplied by amendment.,.The *
standing bonds of this issue at 110 and int. to the, redemption date.
Such bonds should be presented for payment at The First National
principal underwriters are Lehman Bros, and Glore, Forgan & Co., 4.
both of
New
York.
Names of other underwriters will be supplied
Bank of Toms River,
Toms River, N.\ J., successor trustee, at any
time'on or after Sept. I,-1942;
//-. .VY'-YY.!
by amendment, ;Y
y''
"Y 'Y
Holders
The prospectus states that the board of directors intends to author-,
may,
at their option, surrender their bonds at any time
ize the sale of an issue of 20-year 3%' debentures due May 1,
1962,
prior to the redemption date and receive the principal amount of the
Pennsgrove Water Supply Co. (N. J.)—Bonds
The
V.
1942.—
10%, and accrued interest to Sept. 1,
premium of
the
bonds,
aggregate principal amount which will not exceed the differ-$11,500,000 and an amount equal to the aggregate par.
value of the shares of cumulative preferred stock, new- series, which
are
to be sold by the company.
The company intends to sell such •
debentures shortly after
the expiration of the rights to subscribe..
to the cumulative preferred stock. Yf'1. v • :»-.v Y>
:
in
1684.,;:Y,■'<$.
155, p.
revenues
Operating
revenue
Total:1 other
$1,594,046
933,522
$663,301
$660,524
.
;
income
Net
income
Dividends
on
26,866
the
(82,777
(34,627
par), $5,477,459; capital surplus, $340,124;
011; total, $46,407,591.^-V.* 159; p. 1757.; "
Inc.
1942—3 Mos.—1941
1942—Month—1941
Period End. Mar. 31—
26,866
Operating
revenue
Net
ry.
income
$68,563
«t
$7,239,205
$6,433,883
598,845
.1,218,237
1,557,659
448,845
855,124
1,237,513
•
-525,443:'
355,703.
-
155, p. 1415.
:
S;
1940
$136,791
,-■)
Y
operation---—.——y $496,106
from
Income
Years
v/-H..".*Y ,.*'1941'
Condensed Income Statement for Calendar Years
/'v'yYY1
V * 1941 /
1940
$5,360,261
$4,288,055
*;
-
Railway operating revenues, inch credit balance
on
hire of freight cars and other equipment
6,920
——
105
from open
Income
income
Gross
$496,211
on
operating income————
$1,654,401
$800,212
427,752
437,395
Net railway
$292,079
318,490
Fixed
:—
income
Gross
/
656
Interest on
for
year———
•Deficit.
■'?
*$27,651
$283,330
—
the company's account under: the operating agreement
Cincinnati, Chicago & St. Louis Ry., which agreement
was assumed by New York Central RR.,
effective Feb. 1,. 1930, by pro¬
visions of its 99-year lease, dated Jan. 2, 1930, of the lines of the
former, is as follows:
:
8c St. Louis Ry., Jan. 1, 1941
Balance due New York Central RR., Jan. 1, 1941
Balance due CCC
Total
.
63,293
for
1,955
June
the
Total
year.—1
—:
——
A
a
152,
i
3036.
p.
,
;; •
.
in
moneys
the
sinking
fund.
*
-•
"12 Mos. End. Mar. 31—'
/
1,198,514 ;
Dec,-81;
Operating expenses, taxes and depreciation
Assets—' '
r
'
'
1941
> •
1940
Investments, road, equipment, etc.—
$21,316,480 $21,398,189
Net operating
/Special deposits with Trustee,--———--—-1-:
21,080 ;
113,050 \ Non-operating - revenue
_______
Unadjusted debits
--L-:
—-—880,508
809,231
Balance due New
,
Total
————
-
Liabilities—
' -;
1
'
7
-
' •
'
Long-term debt
:
;
—;—■—
Non-hegotiable debt to affiliated companies
Total' current
income
March
has
1942.
31,
total
A
$22,218,068 $22,320,470
$400,000 of 4% sinking fund debentures due Dec. 1,
been called for redemption as of June 1, 1942, at 102%
out of moneys in the sinking fund.
Payment will be
interest,
mado
the
at
Irving
963.
V.- 154/ p.
Co.,
Trust
The
The
the
Dividend—
trustee,
Wall
One
St.,
declared
have
City.—
Y.
N.
Co.,
law
1941, and an
Directors-
Dudley R. Gallahue, President of the American States Life Insurance
stock, payable May
with $1 per share p<ud on
Indianapolis,
board
directors
of
Kurt F. Pantzer, a partner in the Indianapolis
Hickam, Pantzer & Boyd, have been elected to the
to
the
fill
be
vacancies
caused
funds
of, Manufacturers
Pres'dent
Gibson,
Barrett,
Robert
of
the
in
period End. March 31—
*1942—12 Mos.—*1941
1942—3 Mos.—*1941
inc.— $22,065,743 $21,095,280 $81,746,838
deductions,15.851,436
13,829,727 57,225,344
utility
rev.
tOper. rev.
operating
•
1,732,132
income—-—-
$4,482,175
pref. stock
523,922
Dividends
on
Net
operating
1,761,152
6,851,477
,
6,967,650
587,848'
2,294,139
2,358,066
.
Int.
a
Amortization
.
interest
debt
—y. 154; p. 1006.
Net
155, p. 1517.
B.
;
V •' - v..,.'
.■
•;
^ ^'J
••
-
Philip Morris & Co., Ltd., Inc.—To Sell 49,666 Shares
J.,.-;/.
added
be
points
to
that
out
•
casii
funds
cash
other things,
among
the
for expen¬
additions and
planned
conform
sell
to
but
to
bonds
the
at
private
during a hearing
the
rule
the
of
ihe
on
Commission
Jan.-1,
April 29 announced that the coupons *
on
the first mortgage 30-year 5% ;
on
1942,
be
therein
mentioned
paying
corresponding
the
in
yard now
Chicago
139,
agent.—V.
Car
Lakes—
on
the country where
for the purchase of such
,
>
region
being erected
by
p.
* r"
1561. {
Manufacturing
will
this
/
\
anti-submarine patrol
begin
in
re¬
by
Co.—To Build !
,y_m
:
first all-steel
Construction of the
built
the currency of
the' date of payment of such coupon
on
Pullman-Standard
:
N.
the rate of exchange prevailing
dollars Canadian currency
the
the office of the said bank in V
Y., at the equivalent of said Va of
at
or
York,
Canadian dollars in
early .summer
company./
.•.*•
...
ci;;
ships .ever
the
at
'<
ship¬
...
-
fabricathe company's car works, wlt'a
final assembly on the ways, the yard will ultimately turn out a ship a
week, according to Commander W. R: Dowd; supervisor of shipbuilding,.
United States Navy, for the vicinity "of Chicago,
and C. A. Liddle,
Pullman-Standard President, who made the announcement jointly.
"
Present contract with the Navy calls for construction of 50 of the
sleek, diesel-powered fighting ships.
The Navy advanced $4,300,000
sections, of
large
the
plant.
new
*
outside
it
143,750
r
*
employees
and
was
■
to
ships, Pullman-Standard-is turning out airplane parts,
mortars and gun-carriages.—V.
artillery shells,
155, p.
*•
1605.
(George) Putnam Fund of Boston- -Earnings-
Interest
8,074
$62,206
Total
$43,507
10,458
8,859
$51,747
$34,643
.
above
statement
does
not
include
realized gains
net
and
losses on securities.
Statement
[Based on
valuing
Assets—Securities
at
of
Net
Assets,
Mar.
31,
1942
securities owned at market quotations]
market
quotations* listed in
the accompanying
dividend payable "April 15,. ;
purchased, $16,032; net assets,
market quotations—equivalent to
$10.29 per share for 455,539 shares of beneficial interest of $1 pft;
value each outstanding March 31, 1942, $4,686,157; total, $4,783,055.
Note—The securities are carried on the record of the trust at cost;-.
15,461
$1,809,794
,
statement of
stocks,
securities owned:
$854,952;
capital
common
stock tax, etc., $1,090;
Liabilities—Accrued
1942,
$68,331;
based
on
expenses,
payable
for
total, $4,783,065.
$12,545;
.
securities
valuing securities owned at
*.^7
\
.
\
»
f,
Radio* Corpj-oLAmerica—Quarterly. Earnings—
Years^i;!':'
Summary of Operations for Calendar
$35,432
10,784
::
.
Federal
5,301
'
-
1941
$51,422
stocks.
capital
on
bonds-^^-——-
on
143,427
2,153
:
1942
3 Mos. End. Mar. 31—
Income—Dividends
702,850
1.626
'
'V
present
450,000
.
Y
450.000
expense
,
all
bonds, $992,637; preferred and guaran¬
stocks, $2,423,187; cash In the Second
National Bank of Boston,
$411,671; accrued interest and dividends
receivable,
$33,418;
receivable for securities sold, . $66,108; deferred
$3,092,763
$2,088,336
.•
702.850
and
•'■t/-.-*.-
,
several thousand men
In addition
tanks,
1
-
•
of the car works will work
will have to be engaged from the
thoroughly trained In these and other shipbuilding crafts,
said.;'/ >. "• ;/•/.•:•;';•
almost
the ships,
on
the ships in
*
4;: J j
common
;.*/•;
in
o* New Cumulative-Preferred—Debenture Issue Also
Prospect—
1
Tne
of t:
that' the amount of the income interest payable on
consolidated1' mortgage 3%-6% bonds, series A, due Jan. 1, 2039,-M
31, 1941, is 3%. Income interest coupons No. 3, v
dated-July 1/1942/ should be presented' for payment on that date." '
■
1972.
■
■-;;
•
.
'
;'
1941.
David
1940
Sarnoff, President, at the
'
It Is announced
1684.
.
Jersey,
$15,000,000
at
•.
Transportation Co.—Interest Payment— %
the
155, p.
"
upon,
will
of business for property
$5,415,245.—V. 155, p. 1685., ".
"
New
covering
due May 1,
23rd annual meeting of the stock*
holders, held on May 5, stated, in part;': •
.
- y
" • ,
'
• •
y. '*-' •
Operating revenues
$7,643,741
$6,876,266
"The consolidated gross business of RYC. A. during the first quar- /
Expenses, including depreciation and taxes.___ ' 5,363,640
4,776,779
ter—that is, the months, of" January,-February "and- March';^1942^/
Net operating, income/t_-v----/--.___-^._l
$44,541,395,
compared .with $32,576,073 ..in the first-:
$2,280,101:; $2,059,487 Yv amounted „to
Non-operating income
Drl6,193
- x 3,980
quarter of last year, an increase of $11,965,322,"or 37%! ,: Y;
.
/''For the first-quarter, a yeat ago,;Federal-taxes were'$2,307,000.
Gross- income.
For
the „first quarter of
this year the provision for Federal taxes.,
$2,263,908
$2,063,467
Net interest paid or- accrued/*.
amounts-to $5,853,700. " This -represents1 an increase in our Federal
714,964
709,133
Amorti-atiop of debt discount and expense/
tax provision for the first quarter of this year of $3,546.700,-or 154%."
99,668
V, 99,676
Other deductions
"Net profit, after taxes, for the first quarter of 1942 amounted to
16,791
*18,579
$2,030,988, compared with $1,922,174 for-the same period last year, op
Net income
yY ■
'
*
$1,432,485
$1,236,079 / increase of $108,814, or 6%.
•*Tt should be kept in mind'.-that the; provision for Federal taxes on "
After' providing for interest charges on b^nds and notes and after
1942 income is necessarily, tentative, / UntiL"1 the proposed 1942 taxall. expenses,.-including taxes'and depreciation, the company earned
'
law, is enacted the exact amount .of the. company's tax liability, and$1,432,485 which is- 2.14- times the preferred dividend, requirements/ ♦
therefore its net profit, cannot",be' determined.;.;,
of" $669,797 for the year.
Aftar paving the preferred dividends, there
"Before this war there were 45" R. C;' A. 'international' circuits in "•
remained
for the year ended Dec.
—v.
prospectus
had
to
Public Service Co. of New. Hampshire—Annual Report
/
bonds
the
called
Secretary,
on
may
number of
said
9,269,156
9,392
.
plan
Stafford,
matured
bonds
Note—The
an
.
..4
Philadelphia
^
charged to construction,
income;
The
originally
its
net unrealized
1941
$795,461
income tax and surtax, in above
estimated aggregate rate of 40% for 1942, compared with 31%- under present law which is effective for the year
1941.- Provision for Federal excess profits tax for 1942, where applic
¬
able, has been made at rates ranging from 50% to 75% as compared^-;
with
35%
to 60%
under present law which is effective for 1941.
Nolfe^-Provision for Federal normal
of
course
London, England, or New
$3,083,371
bonds__
charges___'
Interest
of
Corp.
SEC
series,
Net income
$2,076,242
;
discount
the
Expenses
1757.
p.
11,486,583
-
of
Service
with
of insurance companies,
group
dollars
of
Chicago;
of
of
12,144
-$3,958,253 $4,916,553 $15,375,878 $19,367,059 ;/
•Restated and adjusted for comparative purposes.'- tlncluding oper- ,.
abing expenses, depreciation and renewals and replacements and taxes.. :
is made at
taxes—
income
mortgage
on
1
profits
excess
presented for payment at the Bank of Montreal,
Montreal, Canada, In Canadian dollars at the rate of *% of the amount i
B.- Schiesz
1942
notes, pay. to Commonwealth Edison Co.
on
sale
be
to
are
ordinary
$13,562,825 $12,352,527
Gross Income
$5,504,401 $17,670,017 $21,725,125
'
tax.—•
the
Puebla Tramway Light & Power Co.—Bond Interest—
W.
teed
Balance '
—v.
Louis
income
Other
statement,
and
$7,265,553 $24,521,494 $28,692,775
Interest
Net
all
Freeman,
.
and
expenses
Fed¬
three
to
in
competitive bidding.
the
company.
the
amended
/
Other
$6,214,307
Gross income-*.—
Income deductions— J
;
William H. Duff and William C.
Gallagher, William C. Griffith
operating revenues
Total
$77,273,804
48,581,029
In¬
any
subject
made
was
Federal
Public
of
statement
at
from
company
to
which
Public Service Co. of Northern Illinois—Earnings—
Total
1940,
requiring competitive bidding.—V. 155, p, 1684.
including Stuart J.
directors,
A.
3 Months Ended Mar. 31—
Philadelphia Electric Co. (& Subs.)—EarningsOper.
other
seven
Indianapolis, and Pierce C. Ward of Rochester, Ind.—V. 155,
1756.
V.; 155, p.
stockholders reelected
with
of
Act
improvements.
who
The
for
In¬
accordance
Co.—Registers With SEC
Competitive Bidding—
subsidiary
a
been, and
ditures
major in
Ind.,
Trust Co., N. Y.;
Carl O. Hotfmann,
New York attorney; James G. Blaine, President
of
Marine
Midland Trust Co. rof New York, and James M. Nicely,
Vice-President
of Guaranty Trust Co. of N. Y.f
have been elected
directors.
They replace Homer L. Ferguson, of Newport News, Va.;
John B. Hollister,
Cincinnati, and John W. Stedman, of New York.
The other vacancy came through the death of George A. Tomlinson.-r—
D.
in
by the resignations of
K. Callahan of Chicago, who was recently commissioned a
the U. S. Army Air Corps, and Leo S. Ganter Jr. of Muncie,
will soon report for duty as a capitain in the Army Reserve
Corps, Mr. Gallagher said.
Marquette Ry.—Four New Directors-
included
Revenue
not
were
provision
no
possible
of 1941. >•
for Federal
adjustments
.
offered
proceeds
have
Laurence
Pere
Harvey
companies
1941,
and
accruals
Second
refunding mortgage bonds, 3%
will
Net
and
of Barnes,
firm
up
the
1940;
31,
registration
a
and
bonds
for
Public Service Co. of Indiana, Inc.—New
a dividend of 50 cents per share on
15 to holders of record May 9. This
Dec. 22, last, 50 cents on Oct. 27,
initial of $1 on July 25, 1941.—V. 155, p. 1517.
directors
common
compares
March
company,
filed
Although
Pepsi-Cola Co.—To Pay 50-Cent
in
set
for
provisions
.
of
have
$11,286,020
to
Under
■
provide
to
the Revenue Act
1941,
By means of streamlined production methods which call for
Puhlie Service- C<h ot Colorado—Debentures Called^1949,
tax
45%
under
31,
1684.
p.
tioa of
259,800
259,500
1,695,118 *1,823,988
in
Public Service Electric & Gas
781,912
$3,992,694
ended;
at rates prescribed tinder the 1941
made
1604; ■
p.*
to
1940.
—To Offer Bonds at
$4,774,607
been
Revenue Act.—V. "155,
541.'
p.
I: Y 31,756
6.179
:
Note—Provision fofc Federal income5 taxes for the three months,
and.
-
155,
YY
YY
820.958
1,657,149
Total
'
—
_
for possible additional taxes
Act of 1941, and included
.
of
rate
imposed
March
subsidiary
ended
155,
Shipyard
894,254
1,660,465
equipment—•——'———1
through income and surp. Funded debt retired through income and surplus '
Profit and loss, deficit
:—-—-1
—Additions to property,
-V.
__
Y
$4,742,851
$5,041,671
$3,977,020
*113,750
Accrued1 depreciation,
V.
and
presented at
•
Revenue
the
months
of
Acts
profits
excess
at
those
ended
amounted
prior
to
corporation
gold
*
$9,994,200; $9,994,200
•
- 7 5,000 :
_5,000
8,721,700
8,722,300
2,356,687
2,571,601
——--—-21,080
liabilities
'-'J.
12,214,087
$22,218,068 $22,320,470
—
■..
v:-;.
1941
'
13,977,056
._
,
Capital stock
8tock'liability for conversion—.—
^
$16,956,938
Comparative Condensed General Balance Sheet*
provide
February,- 1942,
interest,
v'l"
1942
•
Gross
taxes
Revenue
eral
1942,
above
months
12
applicable
will be made at the
York, .N, Y.—V. 154, p. 1383.
'•••*'■*'.
31,
taxes
the
In
Payment
Potomac Electric Power Co.—Income Statement—
$1,158,173
Louis Rv., Dec. 31,1941——
York Central RR., Dec. 31, .1941>_^i
of
out
Bankers Trust Co., successor trustee, New
'
Balance due CCC & St.
March
ended
additional
The
1, 1950,
to
the
.
issue
total
45%
under
January, and
accruals for these taxes in accordance with the Revenue Act of
1941, and the accrual of Federal income taxes in the three months
.
of $199,000 of first mortgage 5% bonds due July
have been called for redemption on June 1, 1942, at 102 and
283,330
3,316
——~
-
•-
at
1942,
1,
$113,790.—V.
company
Portland General Electric Co.—Bonds Called—
$2,643,334
1—-v
Surplus for the
Deduct;'.'Donations
of
the
Pennsylvania
RR.
Co.,
380
will until 3 o'clock P. M., May 23, receive bids
of first general mortgage bonds as of
price not exceeding par and interest, to the extent
Treasurer
the
to
of
rate
imposed
for
up
sale
account extension first cons. mtge. bonds,
$19,103; net loss acct. of retired road property, $126,539;
miscellaneous items, $8,816^-—
——>154,460
Add:'" Expenses
■
sale
the
$2,488,873
—
Deduct:
Schotter,
Seventh Ave., N. Y. City,
of
Balance
W.
H.
17,479
18,867,598:; 23,421,263:!
^ 2,080,868
■
has
Pittsburgh, Youngstown & Ashtabula Ry.—Tenders^—
13,103,895
which months the
accruals were at the rate of 35%.
In March,; 1941, provisions for ;
Federal income taxes amounted to $893,522; no provision was made
for Federal
excess
profits tax.
.////.-v.;
In
the
12
months
ended
March 31,
1942, provisions for Federal
income and excess profits taxes aggregated $14,444,537 and $5,762,117,
respectively, or a total of, $20,206,655,. and include adjustments made
in
June
and
September,
1941,
applicable to prior months,
to set
first
;
- ■
36,525,15:*
IT, 580,998
•
at
those
months
155, p. 1756.
$63,782,388.—V.
$2,571,601
——
Expenditures in 1941. road, $137,107; less retirements in
1941, road, $200,400—
—
Acouisition adjustment (credit)———
——
Refund from RCC, $2,955, less deposit with trustee to retire
I. B. & W. Ry. bonds, $1,000———
—-—-
assets,
stock. $30,500,000; grants in aid of .construc¬
tion, $153,987; long-term debt, $20,135,000; current liabilities, $953,845; deferred liabilities, $401;
unadjusted creditsj $4,026,478; addi¬
tions to propertv through income and surplus, $155,068; sinking fund
reserve,
$499,121; profit and loss—credit balance, $7,358,486; total,
1,413,427
—
current
$4,783,-
$62,159,178;
deferred
Liabilities—Capital
$1,158,173
—
etc.,
$1,417,401;
' 759,938
32,448,595
accrued
the
total, $63,782,388,
debits/ $201,026;
unadjusted
Cleveland,
equipment,
cash),
$543,421
(including
assets
road,
in
Assets—Investment
f
$326,852
Sheet, Dec. 31, 1941
Balance
S 3,210,869). 1,130,002.
,
1,122,431
1
910,755
; V
$1,174,794
income
Net
The status of
with
907,359
'.v
;
deducts.
Note—In
March, 1942,. provisions, for Federal income and excess.
profits, taxes amounted, to. $2,306,534 and $611,388, respectively, or
a
total of: $2,917,922. for. these taxes.
Federal income taxes were
income
1,240 /
General
Income
$1,237,607
$2,082,153
—
interest on funded debt
chiefly
charges,
179
funds
Sinking
3,487,843
29,479
Y 212,044
——
funded debti/ii-Yunfunded debt-—
Miscellaneous income chargesInterest
3,705,860
Ry. oper. exps., incl.
118,889
funded securities————
account (N. Y. C. RR. Co.)
income from
taxes and joint facil. rents
Non-operating income, chiefly dividends——
income
Dividend
.Subs.)—-Jfiarns,
*
1,882,370
other
and
above
& West Virginia* By,—Annual Report—
Pittsburgh
Corporate Income Account for Calendar
i
$2,058,-"
yY/V; Y,,/
;V
r
.
Balance
s.
fixed
after
etc.
charges,
$2,390,002
$2,587,413
—
income—'
oper.
j
.
Ry.—Annual Report
Peoria Sc. Eastern
:
Public SerVice €orp, of New Jersey (&
adjustments
;
earned surplus,
no
Balance
—V.
5
,
debt, $18,929,000; current and accrued liabili-'Y
matured bonds, interest* and dividends unclaimed— ;
$49,786;, reserves,,: $5,398,582;. $6 cumulative preferred Stock '
shares, no par), $8,277,700; ,$5 cumulative preferred stock >
shares, no par), $3,333,091; common stock
(134,000 shares,
company.—V. 155, p. 1215.
.Pittsburgh & I^ke Erie. RR.r—Earnings—
429,848
$58,107
Balarice for the period
~V.,.155, P. M15.
31_,; 1941
$2,543;838;
contra,
i
Net
common
.
'
429,848
:
"/'•-.
stock
of
$525,277
"
•!
cumulative preferred stock-
$5
on
Dividends
Dec.
'Liabilities—Funded
ties,
the
234*639
$514*821 Y
________■.
at
as
capital, $41,116,788; current assets (including $388,723
cash deposited with' trustee and fiscal »agents— '
contra,
$49,786;
miscellaneous' investments,' $279,505; other
assets;
$927,225;'
prepayments
and - deferred-*charges, A $1,716,487;f . total,
$46,407,591,
'
$2,317,801;
Period End. Mar. 31-~;
1942—Month—1941 4
1942—12 Mos.—1941Y/ «
proceeds from sale of preferred stock are expected to be applied
'4
.v.',1'
$••*.!' (V -v *
reduction of the company's bank loans.' If the company sells v; ;r,v •
13,694,354 /12,446,265 155,299,483 142,655,754
the debentures the net proceeds from the sale thereof will be applied Y; Oper. and other revs.—
Exps., maint., depr. & v/YvY.
v.
y
y.Y-Y'*r:.-a
ta the. payment of the- unpaid balance of these loans and the remain- ~.
rptirp. exps... & taxes
1X811,985
9,235,395 122,850,888 106,130,593
der of such net proceeds
be added to the general working capital
$759,916
$741,989.
\ 227', 168'
deductions
Income
Sheet
Assets—Fixed
cash),
Net
to
99,392
78,689
•
—,1,
income'
Gross
$1,714,386
deductions and taxes..—1,051,085
income
Operating
y,
1941
1942
3 Months Ended Mar. 31—YYY:,-
•
an
erice 'between
Pennsylvania Water & Power Co. (& Subs.)—Earnings
Operating
Balance
1
is
company
Monday,: May 11, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1844
*"""7,7
'5/.'vj7
Company has filed a, registration statement .with the Securities and V
Commission covering 49,666 shares of cumulative preferred-^
.
Exchange
«...
"'-
stock
(par S100). The
company will
offer
common
stock the right to subscribe to the
first
new
to the holders
preferred stock
$762,688
•
V
S--
<
4-
stock.
\
I
of
which
$301,500
The balance of
t
-V
\
4
-t
■
was
$461,188
■
■
f.-l'j
.. -
paid
was
as" dividends
added to earned
4. "
-
.
<:<-
on
the "
surplus/1
;
ft* '•
r
* :'f
:
\
.
1.
operation.
i.
'
v
i,l
il-
Some of
these,
of course, are - now closed, for
it,'. 'J1.
t: >
the time J
Volume
being,
as
and
disruption
the
of
with
communication
of
enemy-occupied territory.
.result
a,
countries
THE COMMERCIAL & FINANCIAL CHRONICLE
155 ~ Number 4071
,
"Since the United States entered the war
enemy
..
•'
R. C. A. has inaugurated a
.
,
importance, so that,
States directly with
Australia, New Zealand, New Caledonia, Chungking (China), Kunming
number of new'radiotelegraph circuits of strategic
for the first time, radio now connects the United
,
Inc., and sales of the 84 stores acquired on Oct. 6, 1941, from
National Grocery Co., have been included in the
figures for the four
weeks
ended
April • 25,
1942.
Sales figures
and
number
of"*stores
operated during the comparable period a year ago-have been
"
to
include
the
Reeves
operation.—V.
155,
1518.
p.
.7
>
coast".
.
,,
"R.
C.
assured
has
A.
desires
furnish
to
^obtain
to
•
,
of its readiness to grant
supplier from whom the Govern¬
oquipment.
war
We
;
offered
also
have
to
designated by the Government the information in
to apparatus we produce for the Government,
anyone
possession
relating
irrespective of
whether
our
have
been
"R\d.
by the Government
those so designated
not
or
licensed
by the R. C. A.
A.'s licenses include rights under
'
the United States patents
foreigner has any control over any
R. C. -A. .^grants, and we make no. royalty pay¬
ments or reports of any kind to foreign interests.
"The R. C. A. has kept the U. S. Government fully informed of all
its agreements -with foreign concerns on the subject of patents .and
technical information.
For several years past the Government has been
of
many
foreign
of .'the "licenses
companies.
No
which
before any new agreements were entered into, and
kept currently advised of operations under such agreements.
has been
All agreein enemy territory have been
consulted
raents
with
companies -which
suspended.'
\(t
%
>
'•
,
now
are
Costs
and
from
income
all
—
patents
Interest'
tax
and
surtax™^-™;
14,J47
.2,927,600
.1,014,500
income
$1,922,174
804,907
Earnings per share on common...
♦Adjusted.—V. 155, p. 1416;
$1,117,567
$1,226,671
$0.09
Balance for, common stock———
——
$0.08
Total
and
revenue
Payments
other
$17,059,275 $13,905,170 $34,653,801 $27,740,094
inc.
and
rail
to
1942—2 Mos.—1941
1942—Month—1941
28—
Bonds
to
bear
and
interest
including
thereafter until
The
corporation
viding
funds
at
carriers
'
"
.
7,606,713
11,176,779
3,888,912
5,435,457
due
is
to
•Total
of
the
issuing
,V
* "
'
V
7"
V ,U
Z-
April,
against $162,776 in the liWfckonth last year.
April, 1942, sales were the highest for any April
history, it was announced.—V. 155, p. 1605.
^
The
-of -land
accumulations
15
holders
to
on
of
The
SEC
on
April 23
application
the
granted
regarding
3%%
interest
dividend
a
$1.62Va
of
share
per
on
A similar
May 30.
bonds,
rate
and
and,
the
•Net
profit
—
$4,716,962
$8,189,966
$3,111,723
$532,899
provision for Federal income and excess
—
taxes.
<"
>
„
-'
Mass.,
;
sale
the
by
.
issue
permission
of
bonds;
and
of
therewith,
the
r
taxes
.
Richmond Radiator Co.—Annual Report—
Income
Account Tor
31,
Year Ended Dec.
reports for the period since Oct. 23,
letter.
,*..
sales
Payment
prior
applicable
sold
—
Depreciation
warehousing, administrative and general expenses
for doubtful receivables (less recoveries)
Selling,
Bad debts <fe prov.
Operating profit
Other
income
$3,843,482
3,029,853
5
*6,234
7
479,095
15,281
$14.68
bonds
Such
payments
and
from
$1,000 bond of
per
committee
the
and
13,307
—
the
and
to
Total
,
Interest
——.J—? $286,326
Incomedebentures
on
—i——
of debenture
issuance
deductions
Sundry
<■/•*
expense
-29,673
1,661
2,899
.J
80,500
Provision for Federal and State taxes on income (est.)
Net
profit for year--———.—————
Earnings per common share
—
$171,592
$0.25
Balance Sheet,'Dec.< 81, 1941
$401,768; notes and accounts receivable—trade (after
$40,611), $417,697; inventories (at average or standard
Assets—Cash,
reserves
of
which
approximate the lower of cost or market), $755,139;
sundry receivables, claims, investments-(after reserves), $6,871; fac¬
tory land, buildings, machinery, etc.
(less reserves for depreciation,
$211,094), $441,793; real estate not used in operations, $10,186; good¬
will and trademarks, $1; unamortized debenture expense, $11,361; un¬
amortized. expenses—development of new product, $2,683; repair work
in process, prepaid insurance, taxes, etc.,
$33,320; total, $2,080,819.
"•
Liabilities—Accounts
payable - (including
$31,562
to
parent
and
affiliated companies), $136,223;
accrued interest, wages, taxes, etc.,
$104,255; Federal and State taxes on
income of the year 1941,
$80,500* 10-year 5% convertible debentures due 1948, $593,050; re¬
serves,
$4,492; common
stock
($1 par), $692,425; capital surplus,
$494,337; Profit and loss—deficit since June 30, 1935, $24,462; total,
$2,080,819.—V. 155,: p.- 1219.
<
»
•_'*
costs
>
_
,
-
Rochester & Pittsburgh Coal Co.—Transfer Agent-?
The. Manufacturers Trust Co. has been appointed transfer agent for
the preferred and-common stocks.—V. 153, p. 251.
•K
Catholic" Bishop
Missionary
Servants of The Most Blessed Trinity—Weil & Arnold,
Roman
of
Mobile
be
to
are
1942,
series
income
all
Orleans, La., recently offered $166,000 direct obli¬
gation 3% serial bonds at 100-101, according to maturity.
Dated
due serially 1943-1952.
Denominations, $1,000
and interest (April 1 and Oct. 1), payable at
Trust Co., St. Louis, Mo.
Calla.ble wholly or in
any part on any interest date upon 30 days' notice at
100 % and
interest, with exception of maturities occuring prior to April 1, 1946,
which are callable at 101%
and interest.
\ '
These bonds in the opinion of counsel, constitute the direct legal
obligation jointly and severally of the Roman Catholic Bishop: of
Mobile, a corporation sole, existing under the general laws of the
State of Alabama,
and of Missionary Servants of the Most Blessed
Trinity, a corporate body of an Order of Women of the Roman
Catholic Church,
and stand duly authorized under the laws of the
and
Feb.
$500.
Mississippi
State
of
1,
1942,
Alabama
and
under
of
bonds
y;
and
18,
$15.54
.
representing
Under
the
for
account
of
the
to
to
are
of
order
the
pay
of
terms
the
been
Diocese
the
Canon
Law 'of
the
Roman
Catholic
of
Mobile
has
assets
valued
at
$9,100,000
with
made
B,
bond of series A and
and after Oct.
made on
was
23,
$10.90
1939.
Prov.
per
The
$1,000
a
$1,000
per
and
result
in
The
payments
order
court
there
bond.
Scott
Fort
Payments
the
at
rates
•
pledged under
account of interest
-
Stores
vear
-
in. operation
*
"
earlier.
Sales of
income
accordingly
does
order
not
great,
directs
purport
that
the
consolidated
manner
be
to
the
as
too
*
for Fed.
profit
than in
the
on
from
constitute
to
deem
supplemental
1940).
inc.
for
due
Present Cash
war
Stock
be
$5,442,368
"
216,376
needed
$4,746,286
$5,570,053
1,199,258
1,419,279
1,922 812
1,432,315
1,410,543
1,486,450
3,000
6,000
20,000
85 000
100,000
150,000
18.o[000
$1,300,993
$1,746,464
1,244,383
v*
140,000
r:
$1,257,368
on
v
1,239,683
1
.
$1.05
$543,169
in
consolidated
work
1,235,283 in 1940
1939 and 1938.
.
.
.
,
in
and
'
Deferred
the
funds
so
derived
adjudication of relative
an
equitable"
payments
and
if any payment proves
shall
be
:
Total
and
in
for
and
assents
expressed
prior
lien
the
assets
Liabilities^<
Dome
^
Deferred
Reserve
"<
be
Other
It is not
outstanding
Condensed
—
expenses
___
income™-
income
Total
now
of
in
expected that any new money
reorganization.
the
Income
hands
for
Reserve
4,446,717
1,508,243
public.
from
:
operating
3,545,546
970,113
12,756,408
3,704,992
10,211,452
2,483,391
16,901
46,820
revenues
taxes
earns,
Other
stores
1942—16 Weeks—1941
$46,453,992 $36,180,075 $181,978,469 $138,532,869
1942—4 Weeks—1941
on
'
"
April
'
25,
1942,
totaled
against
2,766,
;
$3,751,812
Total
6,612
4,867
17,195
13,281
$1,517,783
$982,147
$3,734,617
$2,516,755
;>
>
;
1942—3 Mos.—1941
tax„™„
*„—-v—--
stock
$3,417,972
$2,880,325 $11,309,287
$9,641,367
2,441,280
9,459,385
7,852,817
$521,808
$1,849,902
$1,788,550
7,802
$439,044
4,100
16.018
':i
—V.
154,
p.
4,977^532
434,06T
3,146,415
Z>rl97f599
434 067
-
3,124 105
Drll8!244
$10,111,047
$9,560,378
reserves of $4,284,747 in 1941
and $3,506,360 in 1940 '
tRepby 1,244,383 no par shares.
*15,300 shares at cost'in 1941
and 9,100 shares at cost in 1940.—V.
154, p. 756.
™
•After
,
V..',.*
i 1
V
■
.
"t'1'
.;V:
v
'/'V
1" '
Sears, Roebuck & Co.—April Sales Up 0.8%— ^
Period End. Apr. 30—
1942—Month—1941
$
■<
Sales
76,301,080
■■'"■'■"''A-"'.
*
1942—3 Mos—1941
r"'
$
75,718,580 214,010,065 192,091,244
—V. 155, p. 1519.
>
Seattle
Gas
Co.—-Earnings—
Years End. Dec. 31—
Gross earnings
—
1941
™.:
Net earnings
Interest deductions
Net
oper.
(net)
$443,144
$1,865,921
781,759
827,217
$254,505
$1,084,162
$975,425
deductions
239,242
___^™
$290,368
_
1151.
1^618,500
~
$366,297
Account,
265,772
—$172,990
Three
Months
Ended
March
$100,525
31
'
1942
gross
operating expenses
Net
earnings™
510,810
$543,785
422,426
$163,843
taxes™
$121,359
1
;
deductions •*;
63,536
_
Provision for Federal income taxes™
Net
1941
$674,653
and
earnings
Interest
s.
63,920
8,026
-
income
$92,281
Balance
$57,439
Sheet, Dec. 31, 1941
Ur
Assets—Utility
plant,
$12,274,705;
non-utility and non-operating
$25,420; special deposits, $1,800; prepaid accounts fend de¬
charges, $96,393; cash in banks and on hand (including $11,213
in trust for redemption of notes payable),
$117,139;
accounts and
notes receivable, $1,364,641;
materials and supplies, $156,031; lamp¬
property,
,
ferred
and
other
by-products, priced at estimated
total, $13,155,047.
$118,917;
net
realizable
;
values,
A f
.
-
Liabilities—$5 first preferred stock, 47,250 shares no par, $3,307,500;
second preferred stock, 27,556 shares no par, $688,900; common
stock,
23,825 shares no par,
$1,802,642
188,639
1,676,910
255,194 i
1,
Income
.
$1,984,797
$428,183
income
_
194o
$2,105,094
—
and taxes
expenses
$23,825; funded debt, $4,883,000; deferred liabili¬
current liabilities, $661,434; reserves, $3,069,999; earned
total, $13,155,047.—V. 154, p. 964.
14,092
$529,610
income
income
508*153
196*485
'
resented
:
$125,897;
surplus,
$394,491;
Selected American Shares, Inc.—New President—
-
Edward
Adler,
Net
/•'
60000
256^358
4,977|532
•™-----r™-™.:_.™_^™_:.^_
surplus
^
.$378 279
90,000
it Total
black
1942—12 Mos.—1941
2,896,164
from
earnings
income
*\&
$892,086
'
512,187' "
income
$2,530,035
2,996
acquired in August, 1941, in the merger with Daniel
Net
^8|l87
:
$9;560,378
'
46,644
$987,014
operating expenses
and
L438 794
■*
*
—
j„™^_™_—
Paid-in -surplus
Earned
1942—3 Mos.—1941
$4,814,435 $17,269,883 $13,587,742
San-Antonio Public Service Co.—Earnings—
Period End. Mar. 31—
Total
610 000
3,980 082
292,229
contingencies,
stock
Total
16,152
inc
int., etc.
155, p. 1757.
Total
366 570
,310*831
4,546,183
1,392,878
•
—__—
Total
Account—System
$1,524,395
—
Bal. avail, for
r-V,
464,383
$10,111*047
; >.•:*"
for Federal
Operating
the
of
1942—Month—1941
$6,290,174
rr.
income
Deductions
1940 "? ;
$2,331,431
132 040
conditional),
revenues
oper.
■n.Miv;,
494,98!
—_*.™-™__-_ y,;
liabilities
tCapital
;
activity.
purposes
Period End. Mar. 31—
ry.
shares
*?.■'
.
612i930
Assn
Accounts payable and .accruals..™..
aggregate principal amount of deposits
15, 1942, was $61,085,050 (of which $1,375,500
which is more than 52% of all
April
.
Net
81,
1.
companies
plant & equip.
concessions,
1940
par
1941
$1,799,877
other
Assents—The
of
to
as
bonds
Operating
Operating
Dec.
...
No.
no
839,931
gasoline™™!^™^^
Kettleman
in
*
„
to
$465,956
1,244,383
;_™™_-™—
^Treasury
plan of
reorganization certified by the ICC
Bankruptcy .; Court and the questions in that regard urged
parties, including the committee, were argued and sub¬
mitted to the court in July, 1941.
No ruling has yet been made by
the "court, so the status of the plan remains as before.
Deposits
on
"
made.
various
are
$1.40.
1941,
'
t
"
/'■ •••'
tAmortizatlon,
property
foreign
countries*, t < JOn
—
advances
•Props., leaseholds,
Investment
bonds.
the
and
in
1938.
790
1,244,383
.
$1.02
to
$1,895
•.
supplies
&
1^7,684
$4,038,567
Reorganization—The
to
by
164,373
-
Is Adequate—It is estimated
obligations.
and
expenses
2,732,917
receivable
and
,1938
1,528,331
1,469,059
,
of crude oil
]
,
,
$7,314,829
—
Investments in
by the bankruptcy trustees
that on- May
31, 1942,- after making or providing for the interest
payments hereinabove
mentioned,
their cash will
approximate $9,575,000.
The bankruptcy trustees continue to meet currently their
will
$6,393,623
$4,581,913
amounting
1941,
v
Years
1939
2,571,432
.i*
year™
share
stock in
Materials
For the first three months of 1942 gross revenues
to
Calendar
1940
$4,397,758
tax_
taxes
in
Accounts
,
$17,269,883, compared to $13,587,743 in the corresponding period
and balance available for interest was $3,734,617, compared
$2,510,809 in 1941.
These increases reflect a very marked increase
business
ani/jr-
,•
Consolidated Balance: Sheet,
1941,
to
country's
manufactures
drugs. and
the public health .hnd1'to
$3,822,191
stock———
%■ Cash
Assets—
were
in
the
-,y
of' the
lien
The-bankruptcy trustees have continued their prior policy of cur¬
rently paying all interest matured at the coupon rates on the Bir¬
mingham bonds and on all outstanding equipment trust obligations
and-of
currently purchasing at not exceeding its face amount all
matured principal of equipment trust obligations.
Earnings and Cash Position—1941 earnings available for interest
amounted to $12,457,367 (or 132.3% more than the 1940 net available
of
$5,361,609; realized on gross revenues of $61,835,203, or 28.3%
more
over
to
serum.
>
1,235,058
1,229,083
*
of
took
vital
;7
2,803,834
™™
per
of capital
any
shall
court
small,
,
.
"one
as
20
influenced* drug
$8,146,924
2,704,556
in
1939
and
$416,257
-abandonments - and '- exploration
mortgage
payments pursuant thereto prove to be
adjusment shall hereafter be made "in such
appropriate
.
Account for
*1941
$7,127,396
for depl. & depr.
for conting;.
•Including
paid $15.44 per .$1,000 consolidated bond series A and $16.87
per $1,000 consolidated bond series B.
The
„
April
considered
(& Subs.)—Annual Report—
_—
income
capital
be
rights, but provides that if
on
German
a
forces.
anti-shock
$446,238
second,
prior
on
v._
-
*
bonds
on
above
•
$4,323,562
74,196
_
$49
accepted
1685.
v,-
chemicals
armed
is
Income
w
^Earnings
Other Bonds—The court order of April 8, 1942,
payment of interest on the Fort Scott .bonds in the amount
bonds
the
Dividends
in
amounting to $5.53 per $1,000 bond of series A and $5.84 per $1,000
bond of series B, was made on and after Nov. 25, 1940.
The third,
amounting to $11.92 per $1,000 bond of series A and $12.58 per $1,000
bond of series B, was made on and after Nov. 3, 1941.
of
of
chemicals
prior lien
previous interest payments have
bonds since July 1, 1932.
The first of these,
$8.72 per $1,000
series
branches
these
Payments—Three
prior lien
on
amounting to
bonds
on
p.
•
Custodian
formerly
many
n
Provision
normal
apportioned among the several series
as of Jan. 1, 1940.
are
Property
drilling and
development costs
their respective total claims
Interest
155,
■
-
,
.
iPi'OV.
ties,
Safeway Stores, Inc.—Sales Higher—
Period End. April 25—
.
•
Total
and
These payments
Interest
<
Intangible
due
slightly over 8%.
a
of
Other
contingent interest accrued or to accrue during
1940-1942 upon the securities which may be issued under any
plan of reorganization in respect of the bonds on which such payment
made.
trustee, Boston
May 19, receive bids for
5% gold bonds, series F
sufficient to exhaust
$90,000 .at
interest.
corporation,
Profit
the years
Previous
Alien
the
manufactures
.
medical
Net
the fixed
and
_™
By the terms of the order acceptance of this interest payment will
a
waiver of interest on the interest repreesnted
by such
payment (though not a waiver as to any interest on principal or on
other interest),
and the amount of such payment may be credited
against
of
effort.
-
these
interest
successor
T.,
May 22, 1942.—V.
Operating revenue
•Oper. & general exps.
at the rate
$1,000 bond of
the
Crowley,
which
Consolidated
the order of the
instalment
trustees
pursuant
any,
terms
the
104
after
accrue
W.
amount
an
Seaboard Oil Co.
joint
a
to
exceeding
Boston,
E.
noon,
refunding mortgage
Crowley said the company had been eliminating alien influerices
for
some
months,
but
that
his
action
was
designed
to
complete
Americanization of the company.—V. 155,
p. 1685.
•- - •
application by
the Fort Scott bonds
upon
and
Mr.
payment will be
to
Power Co.—Tenders—
&
o'clock
1955,
stock
One
1942,
per
12
first
1,
T.
the
the
secured
constitute
Net
The
debts
Sales
$898^962
Principal
Valley
Chuch.*
of
$1,196,454
Mr.
Crowley described the corporation
outstanding pharmaceutical houses which
bioIogicRls that are of vital importance to
first
reduction
1605.
interest
May
1942,
bankruptcy
if
tax,
after
A
18,
committees
on
the
and
and
New
'753,263
$467,954
^
concern
withdraw
$927,000
the
to
to be made pursuant
are
bonds."
consolidated
1,
too
Amortization
756,115
Over Stock—
mortgage.
$273,019
——
——.—:
$1,652,226
255,311
-
all
Interest Payments on
—
$1,952,569
Sobering Corp., Bloomfield, N. J.—Government Takes
the date of its last circular
1941,
Prior Lien Bonds—An
on
lien
Bankruptcy Court entered April
1941
discounts, etc.)
(less returns, allowances,
products
$723,266
.
yyy
on
directed
Net
Cost -of
'
•
maturity dates of its out¬
the modification of certain
and
indenture
sale
of
will cease to
•
,
provision for Federal income and excess profits
for the first quarter ;of 1942 -is ."$18,000,000.—V.-155, p.. 1317.
it
to
war
company
until
Sept.'
prices not
Continuing its policy to keep the depositors and assentors informed
as
to
its activities,
the committee for the prior lien bondholders
bonds of
Note—The
will
due
.
covered
thereby, including its 3^4%'series bonds.—V.*155, p.
1939„„
-
•After all charges including
profits
provisions of
proportion to
1940
1941
1942
Mar. 31—
Mos. End.
$916,080
-
The Merchants National 'Bank of
a
Financing Plan With-
concurrently
the
and
the
extension
series
is
Republic Steel Corp, (& Subs.)—Earnings—
3
y
,,
buildings
$245,000.
proposed
a
standing $3,523,000 4%
Federal
the 6cumulative preferred stock, pay¬
record
and
pro¬
bear
Leo
payments
distribution was
made on March 14, last, and on March 15, June 14 and Sept. 15, 1941,
while on Dec. 15, 1941, a payment of $3.25 per share was made. Arrear¬
ages at March 15, 1942, were reported as $8.12V2 per share.—V. 155,
p. 607.
" ^
June
22,962
$1,630,341
21,884
257,879
income
1' -Savannah Electric
;
of
which
530,865
7,898
—V.; 155, p. 1758.
*
purpose
*
St. Louis County Water Co.
drawn—
: V
the
in the company s
Ltd.—Accumulated Dividend—
declared
have
directors
account of
able
the
outsctanding
'
■;
to
for
•
regular contributors.
Jan.
Reliance Grain Co.,
bonds
now
*
-
Church
series B.
chain, .totaled $190,019, as
1942, sale? of RandBs, retail drug
these
amounts
/
Congregation, known as St. Mark's until 1882, the oldest
in
Kenosha, traces its history to the immigration
of the
1830's.
From
a
small
immigrant congregation, St.
has grown
to
500 familities,
of whom more than 375 are
James
of
Rand's, Pittsburgh—Sales at Record High—-
$1,929,607
$2,161^207
:
$658,201
Gross
James
Catholic
made
JU
,
$715,368
68,664
630,403
':■**•;
6,729
Deducts, from gross inc.
April 1, 1942,
3 Va'% per annum
and
74,601
177,884
/
$909,351
Non-operating income-
from
annum
1952,
-
bonds
valuation
indenture
per
1,
•
refund
appraised
3%
April
higher rate of interest.
Interest
/c*-
of
rate
interest
maturity.
336,456
$2,092,542
$2,560,013
rail-
,
—V. 155, p. 1518,
1
23,306 "/..I
251,181
St. Louis-San Francisco RailwayPrior Lien Bond¬
holders' Committee Reports—
Railway Express Agency, Inc.—Earnings—.?
Period End. Feb.
from
a sum sufficient to redeem not
exceeding $10,000 of the bonds,
addition to the required-retirement through the
-sinking fund.
terms
——™-—————
Deductions
1
3,758,551
$2,485,411
$893,252
year,
in
its
$2,030,988
804,317
——...—™_™™
dividends
26,871
due
and -April
into
)rxortgage
Net
Preferred
1942;
1
sinking fund retirements amount to $4,000 annual each
1942-1953, inclusive. Corporation shall have the privilege of
the sinking fund for retirement of
bonds, in any one
1,
paying
1,331,300
,
income-
oper.
;
/ '
$6,187 548
5,151,405
1,533,876 '
$869,946
Required
Oct.
period
1,911,600
Federal excess profits tax————*———
Provision for increases, in 1942 taxes
—
1,
Oct.
:
51)044
;
March
on
764,210
,
.
—
normal
.*1941
'nH'oin
791,242
„™___195,000
-
of
•
.
.
.
35>61?'2?n
expenses™.™-.™™--™----—
Amortization
Federal
1942
.
$44,541,395 $32,576,073
sources
Depreciation
; • ;
k
ry.
•
$1,160,532
Oct. 1, 1954.
Principal and interest
of each year at office of First National
Bank,
West Bend,
Wis., trustee ; and registrar.
Coupon
form
in
denominations of $100, $500 and
$1,000, registerable as to principal.
St.
:
,
„
Gross
Dated
lien
[Including Domestic Subsidiaries]
Other
$9,170,693
.
accruals™
!,*'$1,133,661 '•>
$67,500 3%-3M: % first refunding mort¬
sinking fund bonds.
payable
31
for Quarter Ended March
Earnings
'
expenses
tax
101 and interest
Government
the
licenses under its patent rights to any
ment
,
oper.
way
'V
:
* 1942—3 Mos.—1941
1942—Month—1941
$3,730,605
$2,285,070
1,863,592
1,301,739
733,353 \
113,385
revenues
Railway
gage
to
coast
31—
oper.
Ra
-
from
Tt
"■
Period End. Mar.
Railway
,St. James Congregation, Kenosha, Wis.—Bonds Offered
—B. C. Ziegler &
Co., West Bend, Wis., are offering at
and Iran
St, Louis Southwestern Ry.—Earnings—
•y
adjusted
(PersiafV*
y:". ,
...
"Today there are more than 900 broadcasting stations in the united
States, and an estimated 55,000,000 receiving sets. .N. B. C. has 137
and the Blue Network Co. 118 affiliated stations, serving the Nation
(China)
1845
Reeves,
V.
155,
P.
who
director
of
p.
Rubin
has
will leave
the
508.
been
soon
company
for
and
elected
service
has
President,
in
been
succeeding Robert S.
the Army.
Mr. Rubin is a
"Vice-President for a year.—
THE COMMERCIAL. & FINANCIAL CHRONICLE
1846
Southern Pacific
(W. A.) Sheaffer Pen Co.—Extra Distribution—
directors
The
declared an extra dividend of 25 .cents per
and the usual quarterly dividend of 50 cents per share on the
common
stock, no par value, both payable May 25 to holders of
record May 15.
Like amounts were disbursed on Feb. 25, last (compare
V. 155, p. 641) .—V. 155, p. 1606.
>
May
on
has
which
withdrawn
sought the issuance of
preferred stock.—V.
155,
7,000
Sierra Pacific Power
Period End. Mar. 31—
■
Operating
Operation
Utility
71,782
941,355
.
,t
.
$7,148,042 $32,980,035 $19,014,527 ' ?' i.
; 1,662,589 •; 11,-629,108* 4,597,620 %■■
15,130
280,158
$51,359
income.
•
,,
3.620
$5,978,778
'$4,777,422 $18,062,188:$12;211,1857
101,509
198,802 - "
309,"726 "
_____
Gross
bonds
$983,059
'V
$72,522
13,847
$58,674
.
—
.
-
accr'ls—
res.
$52,279
13,872
$38,407
income
;
deductions
63.047
available
and
directors
Int.
8,125
165,769
Income
■■
'
147,458
;
$5,915,731
$4,675,913 $17,863,386 $11,901,459
;,•>
notes
',
-
etc.
Crll7
:
105,413
2,419,485
15,682
69,474
7,204,007
7,255,308
42,505
195,733
*
fixed
after
'
charges
-
$3,502,226
conting.
Net
,
^
Dr6,915
.
988
income
Charges-
Income of
Transport.
—V.
11,203
—V. 155, p. 1519.
-
$2,186,954 $10,616,874
4,498
8,106
2,704
v
S.
P.
„
Gross
■
„
$4,450,419
12,789
Gross
Operating
no
par
1
directors have
The
the
Gold Mines, Ltd.—Smaller
Net
May
share
stock,
declared
600
96,928
v-",
$449,041
300
dividend
a
of
>
? 1,800
287,640
V.' ', 900
'
$54,459
27,962
19,476,
$18,232
income—
1 $83,867
$34,983
'
:
,
1,
—V.
155, p.
Net
^
607.
■
$114,562
1942
1942
3,527,112
1,042^601
foreign income taxes
-
:
and
—...—J
$1,489,979
........
i
,
:
17.86c
Middle
new
Co.
Western
has
Albert
R.
Fleischmann,
:
I
Federal
income
Federal
The
of
1%
the
of
terms
a
borrowed.
profits
excess
Prov., for, depreciation.
,
Gross
Int.
and
Divs.
on
\rj>
37,718
54,491
54,704
deductions——
the
to
year
During
$51,987
$42,024
14,287
$468,841
.14,287
$37,701
$27,738
agreement call for a fixed commission of
participating banks, if the money is not
.
To
171,438
$397,054
announced
was
30,223
suant
to
May
Voluntary
Said bonds not
1,
1942,
1942.—V.
p.
'
company
derived
Plan
of
Exchange
of
exchanged pur¬
Securities as amended
so
4139.
the
on
stock,
common
of
like
share
were
1
holders
to
made
on
,
of
2
Sept.
r
-
K
the
and
output
of
the
public
Standard Oil Co. <New
The
$262,046
_
$165,032
$1,606,048
$1,025,197
Net
kwh.,
or
Manufacturers, Inc.—Extra Div.
have^ declared '
extra dividend ~ot 50 oents
of 50 cents per share on
an
dividend
semi-annual
a
on
the
$3
on
the
$2.75
the
per
the
Dividend, Etc.—
final dividend' of "12^
a
the oidU
on
;
April 29 declared a dividend of 75 cents per share
series preferred stock and 683/4 cents per share :
series preferred stock, both payable June. 15
dividend
and
This compares with $1.50 per share on
share on the $2.75 stock paid on Dec.
May 29.
record
stock
$3
on
dividend
holders of
to
$1.37Vt
per
last, and 75 oents on the $3 stock and 68% cents on $2.75-stock
on June 14.,
' ,
r
;,As
of Jan.
2,
1942, ^accruals on the above issues amounted, to
$13.50 on the $3 stock and $12.37»/2 on the $2.75 stock.—V. 155, p. 1223.
15,
Jersey>-^ktra Dividend—
;
v-V.y I)
the
directors have declared
Stone &
a
?f
of
:
1942—12 Mos.—1941
;;
income
-
>
585,869
tirement
401,700
311,595
112,423
58,317
651,390
$1,150,811
32,600
382,121
$1,199,462
388,318
$68,301
$768,690
34,358
412,296
Operating
Gross
Net
—V.
$79,850
30,984
•:
34,358
-
-
$14,508
'
10,848
/
$23,095
118,507
:
$237,887
'
$810,644
412,296
130,181
$268,167
"
revenues
inoome
t
•t'- 'r.
..\y„
Tf'
-V ' i.
'■
j. ■
■
i•
>.
,
r
of
Ended
Mar,
^31—
,
1942
,
,
,1941
r
.
$5,127,594
3,675,114
243,714
revenues.———
$4,222,348
4,484,015
197,853
sales
administrative expenses—
Selling, general and
•.» J
-'t
*
-
,
','rJ
;V'-
29,775
24,854
$370,090
payroll taxes—
.i-'
\
$324,526
'
Operating profit
other ]ncom^_^_____.—
Total
Gross
;.
19,125
;
Interest
$482,290
$6,096,927
$5,268,494
148,150
147,140
1,383,891
1,514.376
1,375,838
1,503,267
$389,215
—
17,477
$342,003
'25,556
(net
—
depletion and amortization
expense
34,315
129,683
141,214
.
:
'"
Ne^ income
r
Provision, for .Federal Income Jtaxes.-.;.-^^—,
}Sf0te__ProviFion
1942—12 Mos.—1941
re¬
reserve •
income
Net >income
$529,494
—
after
101,436
'$132,540
a
for
.
Federal
normal
tax and
$166,475
; 44,536
.
$121,939
surtax on income for
computed at the rate of 40%
profits of ^Subsidiary ,opmpanies^rY>.154; p. 1306. a ,
the
period ended Mar. 31, 1942,
was
on
•
;
ac¬
Southern Phosphate Corp.—Transfer
income
Third Avenue
Operating
Operating
revenues
corporation has discontinued its own transfer office and has
appointed City Bank Farmers Trust Co., 22 William St., New York,
N. Y., as transfer agent for its capital .stock/r-rV, 155, P. 1022., >
r
,
Ry.—Earnings of System—
_
1942—Month—1941
$1,407,416
•
•
\
'
1942—9 Mos.—1941
$1,272,896 $11,577,512 $10,766,918
939,083
8,886,787
8,116,952
1,032,340
expenses
New Launchings by
.,
$375,076
170,838
$333,812
$2,690,726
162,753
1,444,629
>
$2,649,966
$204,237
___
1,365,428
Non-operating income-
Net
$171,059
$1,246,097
1
19,253
loss
f—V. 159,'p.''1520.
173858
$189,142
$1,419,455
247,738
j
18,083
$223,490
income
214,321
2;152,246
?'
$24,248
i.Jtr
-,n
$25,179
y
-
$1,284,538
162,142
$1,446,681
1,926.223
$732,792 v $479,543
J nil '-U-'.-
t n.a f.<-..r
1941 at the shipyard of Federal Shipbuilding & Dry Dock Co.,
subsidiary of the corporation.
So far this year 13 ships have bfeen
this shipyard, nine ships delivered, and keels have been
during
launched at
laid for many more.
Ori April 28, 1942, the Federal company delivered
Navy a destroyer five months ahead
sister ship, launched on the same
of the contract delivery
day last February, was
April 15, 1942. On May 3, 1942, the Federal
company established & new world's launching record when four de¬
stroyers closely followed each other,down the wavs into the -water, .all
approximately. 90 % completed. Recently the Federal company, at the
request of the Government, has undertaken to build and operate a new
shiovard for the Government, at which it is proposed to construct
additional naval vessels,
to
Deductions
Federal Shipbuilding & Dry Dock
Irving S. Olds, Chairman of the Board, at the annual meeting of
stockholders, held May.4, 1942, stated, in part:
v'
a number of cruisers," destroyers and cargo boats were launched
a
Net operating revenue
Taxes
Operating income
United States Steel Corp.—Denies Priority Charges-
-
Period End. Mar. 31—
Gross
Agent—
96,762
155, p. 1607.
The
1
W -V -;
616,684
$100,901
Safe
1942—Month—1941 i:
cruals
37,600
19,400
stock expense
Balance
..
operating
and
Depreciation,
97,142
1,831,422
$48,866
on
Period End. Mar. 31-
588,406
445,643
"
.
•.
,*■
Federal and State
Tampa Electric Co.—Earnings—
:
1,965,505
62,262
deductions
y
Three, Months
Sales
Webster, Inc.—Resignation—
Carroll M. Snyder has resigned as Assistant to the Chairman of this
171,308
49,611
33,844
income
-
Umted States Distributing Corp. <& Subs.)—Earnings
•
dividend of 1.5 cents per share on the
corporation to become Vice-President of the Herring-Hall-Marvin
Co., with offices at Hamilton, Ohio.—V. 154, p. 1104.^
I
$4,747,560
45,494
v
profits
depreciation
155, p. 1418.
8,938,463
r
capital
$5,113,350
48,719
excess
preferred stock
Amortizat. of preferred
—V.
of
increase
United Public Utilities Corp.—Accrued Dividends—
utility
directors
and
the
$437,137
'
Divs.
an
for the year ended Dec. 31, 1941, less tax, and
&'A on the same Issue.
Like amounts were paid ;
on June
16, last year, for the year ended Dec. 31, 1940.
An interim
diyidend for the last calendar year, amounting to 7J/a%, was paid on
Dec.'8, 1941.~rV, 150, P< 3068.
,
,
v
director, replacing Ernest Brelsford.—V, 155, p. 1023.-
$961,685
'
and
year,
extra dividend of 2
\.
stock, payable May 25 to holders of record May 15.: This
compares with 15 cents paid on Nov. 15, last, and 25 cents per share
on Feb. 1, May 1 and Aug. 15, 1941.
r
^
Maynard Simond of F. Eberstadt & Co., New York, has been elected
$1,458,942
497,257
580,851
1942—Month—1941
amortization-
Gross
last
,
$155,237
$444,552
174,383
revenue
Operating expenses.—
Prov-. for taxes—(Gen'l)
Federal income
Int.
$3,229
registered stock
nary
Standard Products Co., Inc.—25-Cent. Div.—^Director
Gas & Electric Co.
Period End. Mar. 31—
lor
week
same
United Molasses Co., Ltd.—Final
Cost
1942—6 Mos.—1941
$238,874
83,637
97,014""
earnings
Federal
122,141
/
911.
;!3l1ie_xompahy'^ias declared,,
record May 20.'
and Dec. 1, last
on May 1 declared an extra dividend of 50 cents per
regular semi-annual dividend of 50 cents per share
stock, par $25, both payable June 15 to holders of.
record May 15.
An extra of $1 wa6 paid on Dec. 15, last, and one of
■M cents on June 16, 1941.—Y., 155, p. 1758,
y
I ^ '-v- ;Ur : I
share
on
Note—Operating expenses for March and for six months to March 31
dp not include income and profit taxes.—V. 155, p. 1686.
>.
and
659,884
of period.
both payable June 10 to holders of record May 25.
This compares with 50 cents paid on Dec. 20, last, and 25 cents on
June 16, 1941,—V.'155, p, 642.
.
Prov.-
7,591
*$118,913
stock,
common
..
payable June
amount
in
The directors
The
1942—Month—1941
earnings
Operating expenses -JX
Gross
beginning
yVfv.,;. ,y_—
________
United Merchants &
operating companies in the
Standard Gas & Electric Co. system for the week ended May 2, 1942,
totaled 154,180,000 kwh. as compared with 134,622,000 kwh. for the
Southern Canada Power Co., Ltd.—Earnings-
JJet
thereof
cost
over
The ,direotors
Standard Gas & Electric Co.—Weekly Output—
Electric
.
period End. Mar. 31—
..
*$126,504
,
from
bonds,
common
Gross
operations...
purchase of co.'s 5% sink,
representing excess of principal
profit from
*Loss.—V. 154, p.
kwh.
lias borrowed $5,500,000 under, this"jigr^e*
outstanding."r-y. 155, jp. 1127. ;: > ^
v
corresponding week last year, an increase of 14.5 % .—V. • 155, p. 1758'.'
accrued
152,
54,000
taxes.—
5£l-:%:^y ^155,: p. vI759, y
of
that the company had deposited
agreement dated June 1, 1931, secur¬
6% series, due June 1, 1941, cash suf¬
exchanged may be presented for payment in full
to May 7, 1942, at The Chase National Bank
of the City of New
York, or at the Harris Trust & Savings Bank in
Chicago.
No interest will accrue on said bonds on or after May 7,
interest
Co.
the
date
Distributions
trust
yeb.-;"
with
Trust
j^ar,,and on Mar, I, 1940.—V. 154, p. 870.
$225,616
in full all of said bonds not heretofore
pay
the
income
normal
,
on
under the
ing the first lien gold bonds,
ficient to
=
90,210
*$89,060
United Gas Improvement Co.—Weekly Output—
Standard Dredging Co.—Special Dividend—
Southeastern Gas & Water Co.—Bonds Called—
It
96,785.
operations.-—______
y The electric output for. the U.'CL I. system companies for ,the week
ended May 2, 1942, amounted to 107,616,600 kwh., as against 98.678,137
The directors have declared a special dividend.of, 10 cents per-share
171,438
,
'
29,074
an
155, p. 1418.
with the trustee
&
of Cleveland.
375,000
$297,403
v
—„
preferred stock
1941
7,221
,
tty; first three years interest for money actually
tnent. ; No other loans are
$1,112,0821 $1,057,585
660,531
643,240
■'
*
.$661,880
41,400
438,855
31,250
$96,728
Balance
-V.
216,346
215,413
$106,478
*
income
Net
-
income
19,900
13,900
" 1942
deducting stamp and sales taxes $12,275,365 $10,536,248
and agency operations.—-.307,834
1,150
*$96,280
Surplus at
Chicago, Fifth Third Union Trust Co.
of
Cincinnati, First National Bank in Dallas, Harris Trust b Savings
Bank, Chicago, Marine Midland Trust Co. of New York, J. P. Morgan
& Co., Inc., National City Bank of New York, and National City Bank
$4,980,685
1,934,745
513,951
158,003
561,342
30,040
;
-
,
$101,995
S. Adams, in reviewing the year 1941 and the first quarter
1942, at the annual meeting held May 5, stated in part:
"Arrangements
have
been
completed
for ( a ; revolving
credit
of
$10,000,000, for a five-yeat period, with 11 of the country's leading
1942—12 Mos.—1941
45,784
194,135
48,944
..
.
James
banks.
$4,973,912
2,429,875
55,859
Operating expenses
Prov. for taxes—(Gen'l);
,
"25,980
amount
leased
$378,420
170,858
65,234
$185,069
fund
"Borrows $5,500,000 Under Revolving Credit Agreement
announced that negotiations
1942—Month—1941
155,115
"$211,049
Net
plant
$473,174
490,165
(& Subs.)—Earns.
of
South Carolina Power Co.—Earnings—
revenue
875,725 y,
204,401
94,409 ^
6tore
agency
Profit
Theodore
Sedlmayr, and Corwin Wickersham
were reelected, and John L. Bogert was elected Vice-President in charge
jof research and -development, It was announced on May-7.
'
Bank
Period End. Mar. 31—
'
operations.-—
•
Gross
,
<
1607.
p.
-Provision for Federal
Treasurer; Vice-Presidents John W. Luce, Traver Smith, Joseph A. Lee,
borrowed
wiU be
1%%.
In the fourth and fifth years the banks
the Ford plant from DPC.
may choose either the 1%%
interest or a rate of V* of 1% higher
than the then prevailing Federal Reserve Bank of New York rediscount
will operate as a branch of thev
main San Diego factory and will be under the direct supervision of
^rate.x;
(^
D. M. Miller, Vice-President and Operations Manager.
"The participating banks are: Central Hanover Bank & Trust Co.
It is expected
that production will be under way by approximately the first of July.—
of New York, Chemical Bank & Trust Co. of New York, Commercial
V. 154, p.
National Bank Si Trust Co, of New York, Continental Illinois National
that the Solar Aircraft
268,604
98,010
Bond interest
,,
"
purchase of the latter's plant in Iowa have been successfully concluded
Solar's
.646,422
9,697
*61,081
Profit :from':'.'operationsi-_i_L--_--l-_-;i-,_._^y
$2,484,511
10.00c
...
of the directors, following' the annual meeting of the
Standard Brands, Inc., James S. Adams v/as elected
President, Harold G. Outright was elected Vice-President, Secretary and
between the Defense Plant Corporation and the Ford Motor Co. for the
and
424,161,
•
: j
Profit from store and agency
Other charges"(net)
Election of Officers—
Solar Aircraft Co.—Add! Mfg. Facilities1
...
Depreciation & amortization applicable to store
$25,167,763
3,555,,636
2.065;657
taxes
from
Profit
At a meeting
stockholders of
Roanoke, 120, and E. W. WiUingh&m of Richmond; 160.—V. 155, p. 1606.
May
30,058
business could.be.available.—V, 150,. p. 2899.
Net sales after
:
1941-
$34,981,561
Net profits
Jersey Supreme Court, May 5,, ordered the. company to
open
its records to five stockholders who complained of accounting
methods used by the company..
v. The
court held that the stockholders, all residents of Virginia, "have
sufficiently demonstrated good faith and that the examination they
seek is germane to their substantial interest in the corporation."
f The
stockholders and number of common shares each owns are:
George S. Kemp of Richmond, 108; Neil D. Sills of Richmond. 300;
Victor
W.
Stewart
of
Petersburg,
135;
"William S.
Battle Jr.
of
on
65,075
29,389
United Cigar—Whelan Stores Corp.
? t
-
'
before income
Earnings per common share
New
Price, President,
$189,030
.
^$14,565
1841.
Edmund T.
193d
,
64,013
'
with 50 cents per share paid each quarter from March 3,
1941, to and including March 2, 1942.—V. 153, p. 1290.
;
;
X-
1941'
.
,-W
sales
income
Provision for Federal and
Sloss-Sheffield Steel Co.—Stockholders Win Action—
:
.
'
The directors have declared a dividend of 40 cents per share on the
Quarter End. Mar. 31—
Gross
the
Participating certificates represent capital stock of Sixth & Broadway
-
•.?,
1940
$182,406'
Quarter Ended March 31—
BIdg. Co., Ninth fc Olive BIdg. Co., and Lincoln BIdg. Co.
The
1941
$240,005
107,540
,28,762
This compares
'Netvprofif$24,490
participating certificates, payable June 1 to holders of record May 15.
This compares with 50 cents paid on Dec. 1, last,-and 65 cents on
June
29,140
income_yy
155,
•
52,471
railway^--
oper.
,
$182,035:
-tl
railway,.^
from
ry.
RR.—Earnings—
1942
'
•
pany does
j
dividend of 25 cents per share on
a
share
Union Tank Car Co.—Dividend Decreased—
,
have declared
,
per
.
at
w
1519.,
Standard Brands, Inc.—Earnings—
directors
oents
Action on mutuallzation of;this, company was postpopedvuntil Noy. 6
a
meeting of policyholders held on April 30, so that reports of
Superintendents of Insurance of the various States in which the com-
;
,244,444
$159,601 ' ' $173,012
-75,734
*
58,450
Quarter Ended Mar. 31—
Sixth & Broadway BIdg. Co.—25-Cent Dividend—
The
50
capital stock, no par value, payable June 1 to holders of record May 15.
cents per share on
1 Va
of
ization Proposed—
$418,356
; :
82,593
revs...—$46,194
taxes
oper.
dividend
a
Union Central Life Insurance Co., Cincinnati—Mutual-
1942—3 Mos.—1941
•
$137,352
Springfield Street Ry. Co.—Earnings—
$1,
par
jhaving been made on Mar. 16, 1942.—V. 152, p. 3359.
;
1942—Month—1941
$143,722
expenses....
oper.
Net
Dividend—
payable June 15 to holders of record
13.
This compares with quarterly distributions of 2 cents per
previously made on this issue, the last payment at this rate
common
$05,893
Associated Telephone Co.—Earnings-
value,
—V. 155, p.
Siscoe
452,067
v
Net'from- railwayi-l—_
Net
revenues
Operating
payable June 13 to holders of record
May 23.
A similar distribution was made on Mar. 14, last, while
during 1941, the following payments were made on the stock: Mar. 15,
40 cents; June 14, 70 cents; Sept. 15, 80 cents; and Dec. 15, $1.80.-—
V. 155, p. 607.
.
stock,
V
f
par
no
Net. ry. oper. income_i.*
.From Jan. 1—
'
,
$3,499,522
Uncollectible oper. ..-«ev.^
declared a dividend of 40 cents per share on the
directors have
The
common
stock,
from railway---^
from
Net
;
- r
; ,
:
$3,182,456 $10,608,76T- $4;437,629
•
,
System.
Period End. Mar. 31—
Operating
Steel Co.—40-Cent Dividend—
Simonds Saw &
549,219
Toledo Peoria & Western
155, p. 1758.
Southwestern
$712,070
$668,663
$51,575
$30,166
,
_____
19,702
8517,959
$37,453
—J,—
declared
have
common
"Deficit.—V.
Net
$498,258
,
$586,672
r
____________
—
.....
2,397,823
$835,600
$766,016
02,060
Url,951
7,245
6,229
Cr 177
293
long-term debt-
on
Amor. of debt prem.,
Other income charges—
2,125,393
.
y
20,551
value, payable June 5 to holders of
record May 20.
A similar distribution was made on March 5, last.
During 1941, the iollowing dividends were paid on this issue: March 5,
60 cents; June 5 and gept.- 5, 75- cepts each;, and Dec. 5, $1.50;—
V. 155, p. 607.
the
on
'* ■'
for
Other fixed charges—X
Total
income
Gross
$566,121
"
—
March—
Retirem't
19411''.
Tlmken Roller Bearing Co.—50-^Cent Dividend^The
income
Income
$979,784
.3,275
$928,165
.
928
V:
___—
y".'- ■■■•..*
-
tNet income
$4,489,950 $16,902,833 $11,278,721'
287,472 i
1,159^355 f
932,464
;
fixed charges • .-.1.
Interest pn funded debt,
248,871
$931,785
$71,594
920,
Other income, net——
_____
-
-
Gross income
■
199,686
$5,685,596
293,182
Total miscel,
166,568
325,017
.269,884
.
\• v. <•••'.
<•
■>
(net)
;
<
'
78,805
Total
111,827
114,038
21,701
income
"
$3,365,679: $2,623,651
2,938,501 t; Total income dedUctions_,J___;
i,016,699 :jn 4,167,937 :
>
103,510
excess
32,894
21,573
* ■' 1942
taxesxX ;' 2,799,558;"
.
.
Other
r
'
}l•
i
>
(net)
operat. income
Other inc., incl. divs—_
806,235
——
oper.
rents
>
.
,.
82,313,286
78,058
■
taxes
-
$12,514,869
5,183,478
1,542,284
(Dr)
1942—12 Mos.—1941
8,233
•
-
■
y —V. 155, p. 1223.
$2,578,458
11,831
Power'Co.—Earnings—
12 Mos. End. Mar. 31—• * '.
;v
Net ry.
$188,439
-.w-—,U-
inc.
and
pfofits taxes
Other
facil.
Joint
,
1942—Month—1941
ry.
_____
Railway tax accruals—
Equip, rents met)
tDr)
Co.—Earnings—
_
jPed.
,
$195,716
revenues—
Maintenance
'
from
revenue
operations
statement (2-4983)
(par $100) 5% cumulative
'
shares
1519.
p.
Withdrawn
registration
its
Tide Water
,
..
Net
company
.•»:
>
-£VvK<'
Monday, May 11, 1942
v*
:
(
.
,
The
V;x
„
^
•':) Gross operating
Period End. Mar. 31—
1942—Month—19417.
.1942-^-3 Mos,—1941
Ry. operating revenues. $34,354,531 $22,314,461 $93,432,300 $62,413,583 y TotaL operating revenue deductions and
Ry. operating expenses.
21,839,662
15,166,419 J 60,452,264
43,399,055
Operating, income
share
Shenango Valley Water Co.—Registration
Co.—Earnings—
f(Earnings of Transportation System)
>;■
5
:
the
date.
A
turned over to the Navy on
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4071
Volume 155
mortgage;to, be,available-for property additions.;
•
Public offering prices, •: and names of the underwriters, will be
./furnished -by post-reffeetive amendment -to the registration statement,
number, of employees during the first' quarter 'oL 1942
compared with, an average of 304,248 for the year 1941.
During the first quarter Of this year the average number of hours
worked per week by all employees'was slightly under. -40;r.CAlthoughstreel operations are continuous, the shifts are so scheduled that the
'••"The
average
325,530,
was
1847
as
:•
''-juJi Au/Yl*'
C1j,
'
"
t\t->i
5%%
Unit
.. y-.i Q«.v ASK€U ,XOt;iJlSnilSS Irian-—
/ >.
' ~
oyer-all average hours worked per man are generally around 40 hours•
-'The SEC has been asked to dismiss the voluntary reorganization
per week.,' For the first quarter, average hourly pay for all employees .> plan proposed by- the company on the ground that
it has no legal
whs $1.03 and their average weekly earnings amounted to $39.56: : At /. ' authority to consider the plan which was filed under Section 11-E of '
the Public {Utility-Holding Company Act,
the present time the corporation is paying wages and salaries at the
The motion was made by
rate .of about $1,840,000 for each calendar day of the year.
All of
George W. Sheldon, New York attorney
representing Northeastern Water & Electric Corp.
tliese figures are the.highest in the history of, the corporation.
A motion by Mr.
Sheldon
to
"On April.19,, 1942, the War Production Board released a statement
postpone hearings
pending a
decision by
SEC on his
tq the. press,., charging Carnegie-Illinois Steel Corp., the largest sub- ^ ; motion- that it was without authority to consider the plan was denied
largest subsidiary of the United State* Steel Corp..with 'repeated,; deliberate-by.the examiner.
: ;
violations
of
priority
priority regulations.":'extending over the period 'from>•- ,v;.
regulations,' —
-—.---r-,
May 31, 1941, to the present date/'and/stating that a complaint seeking
W» ^ ^Earnings for 12 Months Ended March 31 (Incl. Subs.)
a, permanent injunction against the continuance of 'the alleged illegal . * - :
PPpfp
- Ov,:'
1942
1941
Gross
operating ■ revenues-iii-j.-^____^___^_^ $12 636,554 $10 437 769
practices' had been turned over to the Department. of Justice for
In
that Carnegie
appropriate action.
In this press release it was alleged that:;Carnegie- .■
operating revenue deductions and taxes
9 573 341
6,977,689
Illinois 'gave first preference to customers of its choice, without regard y .'v,,; ... v
..
<■*-.
-r-' ' ' '
for the Government priority ratings assigned to orders for military and
Operating income
$3 063,213
$3,460,080 '■
1977*
40,036
charges so made >were general In . character—no specific^ In-.. <
«.
;
r*,
alleged violations being set*forth .either inv,the- press re.lease^..^-;/>Qjoks'^ihdome
or in
the complaint filed the following day in the U. S. .District Court .. income deductions &
at Wilmington, Del; >:•
«•
ijjjriV»vpsiii, ;
WWXc Perry, President of Carnegie-Illinois Steel* Corp., vigorously
H .Net income '
"The
-
"""""
t
5,000
denied
these
charges
soon
as
they
as
brought
were
to his attention;
u-
He very deitnitelystatedthat the fixed poUcyof.hiscompany has-been
and now Is one of full compliance, with, aiL priority orders and regula-
,
'•
1
Tflft7
•
•
•
430
860
730
6%
Unit
410
3,000
530
530
7,000
•60
60
120
120.
3,000
7,000
.
full
'Plus
interest from Aug.
4Vis
of
The
1955
committee
months
do
SilSSinnnfth* nmrtnffin nf>hV^ndustrv wS
•
The
rcmfia(,,onrind directfons
Ki ^
it.
"over
the
on
the
option
7.063.35
6.70
14,126.70
.,.13.40
28,253,40
New York
in
prices
to
Stock
the
receive
the
the
to
3.35
■
as
receive
Cuban
court
and
debenture hold-
grant
If
note
Government
are
4V2S of 1977
Government
to
plan.
Cuban
Exchange.^
Havana
prior to which note and
petition
elect
;
•
counter"
same
confirmation-of
after
not
2.825.34
not
and
bonds
■
bonds.
less
-
than 1
debenture
within
the
the
The
be
date
committee
also
possible
for
persons
initial
board
approved
by
prior
to
on
or
addition
to
Mr.
announced
to
election
is
to
the
consist
court.
which
Stewart,
its
the
of
The
12
of
protective
of
the
select
whose
fixed
has
shall
.
nominate a
to
directors
members
court
nominations
the
intention
board
May
15
made.
be
committee
comprises
Pell, J. G. White, Arthur Wiesenberger and Hubert F. Young.
may be addressed to Alfred Turner, Secretary, care '
Wiesenberger & Co., 56 Beaver St., N. Y. City.—V! 155,
Communications
:CoiitrbI by Pennsylvania RR. Permitted
^dicated, the Pennsylvania Co. shall be considered
i'-
listed
in
to
Total
$1,412.67
5.34
1941.
date
their
intends
protective
several
of
p.
...
Arthur
1320.
*
.'Washington Gas Light Co.—Preferred Stock Offered—
as a. carrier sub-
'
Subject to the prior right of stockholders, a syndicate,
including Y. E. Booker & Co., Auchincloss, Parker &
Redpath, Johnston, Lemon & Co., Folger, Nolan & Co.,
RR' anh thepennsy.vania Co. of control of the Wabash RR. through'
affected'
not
-
the
Cash
$12.67
;
410
,
period fixed by the court they must accept new Warren Brothers bonds
and a cash adjustment.
*
•
' :
|In
,
fix
exercise
must
This
four
.....
1,
are
dealt
are
will
court
Hamilton
ICC— ^
$700
currently quoted there at about the
_
„v ww
Series B
.
The Cuban 4&S of 1977
.
compliance
Series A
14,000
14,000.
holders
with priorities has. been j
from the very outset, and will continue to be, the firni,;pohpy..pf-/.fihe:^|^ ,
corporation and all-of its subsidiaries.; ,. Everyone should ,recognize,4;hat,-t
the conversion of the industrial machinery oh; this country * from ->$
peace-time to a war-time basis has not been a simple and easy accom--/./bythat
know
1941
New Warren Bonds-
1955
company.
tion shall
entitled; to
Vis Of
$1,000
5,000
as
are
4
$700
10,000
$1,302,133
record-breaking produc- ' v' Vultee^ Aircraft
Inr
^tnnlr
Offeror!
"Rlvfh
R.r
Pr»
tion ol steel :of high priority rating: for .the -programs .of . the; Army,.UV ♦
"T? Y ? A;, °r
Navy, Maritime Commission and Lend-Lease Administration, and to the
txie ClOSG Or business May 6 a block
27,477.60
1977
20,000
2,194,031
pointed to Carnegie-Illinois's
Mr..: Perry
tlons.
6,869.40
13,738.80
17.60
$1,000
2,000
~~~
•
9.40
18.80
730
Convertible Sinking Fund Debentures of
$1,000
,
,
430
860
/
—Cuban Bonds-
41/aS Of
$3,496,164
_
2,747.76
3,000
ers
'»***'■
$1,373.88
7.76
6,000
Te
$922,503
interest,
$13.88
370
13,000
36,085
$3,103,249
2,180,746
Total
$680
370
10,000
< ^;
stances of
1937
$680
$1,000
20,000
,
essential civilian needs.'.
1955°
2,000
"
~
~
of
—New Warren Bonds—
Series A
Series B
Cash
$1,000
.
.
4Vis of
r
•'
1
Sinking Fund Gold Notes
—Cuban Bonds—
•
Inc.v Brown, Goodwyn & Olds, Mackall & Coe., Ferris,
appltoallle
are
^f'-The^words0 ar^notlspokeiv
nt
task of
la„„„
a
scheduling of
The
criticism of anyone.The orderly
in
min
ef
Washington
at
VnmniiMtpd
mnst
a
large^eej rolling mill Is a
a
those
-
..
?
affair
Exnicios &
Penns,l»anla;
shall
Co.
joint routes and
the. Wabash
of
RR.
channels
they
as
existed
of
trade
under
through
operations
be
offering 40,000 shares of $5 cumulative preferred stock
(no par) at 100 and dividends;^' ■'V''V' • V'/.
the gateways
of the former
-The
company
is offering to holders of common stock of record
April 29 the right to subscribe for the 40,000 shares of $5 cumulative
preferred stock at $100 per share (and no accrued dividends) in the
,plan of the Wabash Ry. Pennsylvania RR.
common
vnmartovflp'
if
irmtanres
nrinrit^or^rs
wUh
?f
anv
have
SeulaUons
'deliberate'
been
not
and
1941
31
Mav
sine?
and
Pcftn-'^SBU^
Sate
akpn
Ih^
h#.pn"qnmp
nni
hiivp
thprp
vh^rp ^rw r-mrfnliwcl
have
stock
which
elect
bondholders
to
sell.
ratio of 8/85th share of preferred for each
aucic wm un laaucu under the plan a total of 598,186 common shares,
representing about 65% of voting control of the reorganized Wabash,
would cost the Pennsylvania system $7,626,871, in addition to
the original investment of about $60,000,000 when Pennsylvania bought
mi
•« «>» *«-».«»» •.
<
not'
has
been
of March,
month
the
,
by
the stockholders
the
listing of
Savings &
it■ ta undewtood .that some of the bondholder, have not elected to
1942, 99.6%* of the total "shipments of
their yvabash common- stock, although more than 51% control has
ratings.
99% of these March shipments ::%!?*?^
investment will range between
Carnegie-Illinois bore priority
carried a priority rating of A-10 or better.
For the present month of
is
of the total quantity of ; steeF on Carnegie-Illinois's rolling
a
priority rating of A-l-K or better;; The remainder ;:«;;.SC0CK m escrow.fs priced at $1^.75 a snare..,
is withBefore'theJ ICC' would grant authority for
May, 99.1 %
bears
schedule
.
„
the
-
New
roads
The
roads.
Haven
Erie
York
New
Central
the
and
.-v.'
-
;
;•
..
'':y:
;
stock is netitled to cumulative cash dividends at
$5 per share on a parity with the $4.50 cumulative
preference
each
are
to
the
entitled
stock.
common
to
one
vote
per
voluntary
liquidation are entitled to receive in cash
$105 per share, upon involuntary liquidation $100 per share.
The $5
preferred stock is subject to redemption upon 30 days' notice at $105
per share and dividends.
: ■;:
/v/v •
■
to'
.
pyp
Summary of Earnings for Calendar Years
1941
Pittsburgh & Lako
Operating
had
_f--*-~y~,y~y—-
Maintenance
Provision
Federal
Other
6,514,813
1939
'
!
depreciation
v.:
$9,018,260
6,179,850
547,498
,
for
,
1940
$10,897,335 $10,448,876
revenues
Operation
Authority to Issue New Securities—
■>;
*.
'.j'v-
upon
.
officials
16, 1937.
Company intends to apply for
the Washington Stock Exchange.
National
transfer agent, and American Security & Trust
on
preferred stock but in
of $5 preferred stock
holders
share, and
objected to; Pennsyvania's petition to acquire Wabash
3,600,000 tons, nearly tFree time^ the 1940 nrodnction rate. Carnegie•control, on the grounds that the Pennsylvania companies, through their
Illinois is now. and for some time past has been,
producing a far
own holdings
and those of the Wabash, would be able to dominate all
larger share of the entire country's plate production than its propor¬
tion of the Nation's steel-making capacity.
This plate production by •;-;. of the other railroad systems In the east.
Carnegie-Illinois has recently received high commendation from
of both the War Production Board and the Navy Department.
Co.,
rate of
convertible
The
.
Pennsylvania
Trust
preferred
the annual
acquire control of the- Wabash, it required: Pennsylvania Co. and the
^Pennsylvania RR. to place in trusteeship any stock which the Penn* sylvania system or the Wabash owned in the Lehigh Valley and the
priority fating;
•
"Carnegie-Illinois is proud,, and deservedly so, of its plate production
rccord, which increased from approximately 1,360,000 tons in 1940 to.
about 2,000.000 tons In. 1941, and is currently at the annual rate of
out
$5
authorized
were
June
on
the stock
registrar.
The
$5,796^i^or ^ cosf °f 454,627 shares, representing 50 fo voting
Sk in escrowlfw^^^^
0f new common* The new
.,
stock held.
common
'
Co.
"For
share of
Rights will expire at 3:00 p.m. EWT, on May 11.
The 40,000 shares of $5 cumulative preferred stock
Government's det™se
m'U'"lment 01
Co., Inc., Robert C. Jones & Co., and RobinRohrbaugh & Lukens, all of Washington, D. C., are
sonK
considered as a carrier and that the Pennsylvania RR. shall maintain
rates,
the priority orders and
formulating
^ ^
The. Commission also ordered that the Pennsylvania
- -The. Commission also ordered that_the Pennsylvania
5,183,960
533,643
476,170
4-
664,716
taxes
598,643
514,88£
491,560
—
income taxes
377,433
2QLfl9
748,551
695,604
1485
$1,930,197
102,915
$2,063,703
.45,514
$2,021,338
20,573
$2,033,112
$2,109,217
$2,041,911
803,227
795,275
810,114
$1,223,885
$1,313,942
$1,231,797
,241,713
160,208
'
Carnegie-Illinois,
that company received from the Navy Department a letter announcing
that Carnegie-Illinois had been awarded the All-Navy "E." the highest
award conferred by the Navy Department on a manufacturer for excel¬
after these charges were made against
few days
"A
The
*
Dividend of 10 Cents—
an extra dividend of 10 cents per sfyare.
quarterly dividend of 50 cents per share on the
both paratble June 1 to holders of record May . 15.;
Like amounts were paid on March 2, last, and in each of the four
quarters of 1941. In addition, a special distribution ofv 60/cents per
share was niade on June 2, 194L—V,. 155, p; 1024.
stock,
-To
> Virginia Coal & Iron Co
The
compares-with 50 cents per share paid on March
tions during
1941 were as follows: March 3 and
each; and Sept. 4, $1.50; Nov. 15, $1; and Dec.
p. 608.
(a)
issue not
2, 1942. Distribu¬
June 2, 50 cents
12, $1.50.—V. 155,
Power Co-—•Earnings-^-
»Federal
v
Net
income
taxes-
400,300
191,564 f
•
taxes
revenues^—
oper.
•
net—--
-
Other- income,
i Balance
—t.
-
'
'
•T?
dividend
-
"Accruals
rate
of
45%* to
for
1942
'
; ;•
.
$5,602,877;
■
$1^'T;
1042.
*.". jl,'y\
-■*• %
$5,796,388
: '
.'
1,758,366;
1,171,602 .1,171,602
1
nrt
an
rates
shown
of
inrreased
for^t
JaS
as
1760.
;
.
-
.
' '
-
Go.^-Amends Financing Plan
-
and
worth
debenture
the
com¬
at
holders
been
an
allowed
claim
for each 6%
debt of the Republic of
Cuba
1941-55, $1,000 of
purchase or
prepayment of all-funded debt
the extent
to
either
of
series
in
to
amounts
less
of
$2,000
company
maintain
to
of
maturity.
has
no.
face
of the com¬
reason
ization
bonds
significance
holder.
an
The
this
element
Cuban
No
Government
option
option,
of
the
except
allowed
that
claim
exercised in
such
of
debenture
par or.
the note
or
note.,
The
bonds
is
are,
number
of
therefore, obtainable
Cuban
bonds
of
for a single
maturity
each
be determined by multiplying the amount
of allowed claim for each note and debenture by the number held and
which
then
of
can
be obtained
may
dividing the total by $2,0Q0. - A table showing what unit.holdings
$1,000 to $20,000 face amount of present Warren Brothers
the plan to,receives.,
v ..,•••
from
notes and debentures will be entitled under
$5,199,500"2,400,000
8,500,000
1,000,000
60,000 shs.
None
425,000 shs.
1, 1942, by application
fund payment of $160,000 on said date.
:
10, 1941, the stockholders authorized an
1942, Commission approved the application to the extent;,
shares and reserved consideration of the stockholders' author- ;
remaining 47,500 shares. No shares of $4.25 cumulative
26,
of the
Bank,
.
by' exercise of the warrants, not exceeding
made by Chase National Bank, New York, Riggs
Washington, D. C„ American Security & Trust Co., r
•
Such
j t
Business—Company and its subsidiaries are engaged in
the business of manufacturing, purchasing, distributing and selling gas
for
cooking,
heating, refrigeration and other purposes within the
metropolitan area of Washington, embracing the District of Columbia
and
adjoining territories in the States of Maryland and Virginia.
Company has been engaged in the gas business for 93 years, having
been incorporated by an Act of Congress approved July 8, 1848.
The operations of the company are concentrated within the District:
of Columbia, while its several subsidiaries operate in territories within
the States of Maryland and
Virginia. Company provides the entire
mixed gas requirements of Washington Gas Light Co. of Montgomery
County, Md., substantially all of the gas requirements of Rosslyn Gas
Co.,
and all of the natural gas requirements
(for reforming and
enriching purposes) of Washington Suburban Gas Co.
-The population of the territory served by the company and its sub¬
sidiaries, based upon the 1940 census for the District of Columbia
alone of 663,091, is estimated at approximately 1,000,000 as of Dec.
31, 1941. '
'
V
*
Principal Underwriters—The names of the principal underwriters
and the respective percentages of the unsubscribed shares of $5 preHistory and
by... the company, it is necessary to give the
an
equal amount of Cuban bonds of each
amount of Warren notes and debentures
figuring
constitutes
proceeds to be derived from the sale of the 40,000
stock, the net income for the calendar year
above, would have resulted in dividends on all
preferred
Washington, D. C., and Munsey Trust Co., Washington, D. C.
loans were incurred for the construction, of additions to plants,
face
in
amount
debenture
calendar
preferred stock would have
making any adjustments
without
stock
National
based upon the total amount of
the allowed claim, including principal, interest and interest on interest..
or
to
$5
amount of $3,100,000,
allowed, claims
or
of
outstanding throughout the
all shares of
Accordingly,
preferred stock purchased
allowed claims is that the Cupban bonds held by
la $1,000 pieces and cannot be split upt and in-order
the, 50/50> ratio
of Cuban bonds of '55. and Cuban
be, held
shares
$140,000 in the aggregate. The proceeds will be applied to the repay- '
ment of^e bank loans of the company outstanding in the aggregate
of
The par
40,000
preferred stock have been issued. ~s:
:
/v:;/:'-::p
Purpose—If all of the 40,000 shares of $5 preferred stock are issued
and sold, the minimum net proceeds will be $3,821,980.
Such proceeds
will be increased by an amount equal to $3.50 for each share of $5
$10.
this option must be
the
capital
of 42,500
The
are
bonds,,of J.77:. to
holders
the
than
of
con¬
approximately
March
March
deben-
the issuance of scrip for bonds
avoid
all
earned
were
amounted
additional class
stock consisting of 90,000 shares of $4.25 cumulative pre-:
(no par).
Company filed an application with the Public
Utilities Commission of the District of Columbia for the approval by
the Commission of the authorization of such stock.
By order issued
the court for the delivery thereof to
same, and interest coupons maturing on
necessary
the
of
$5
were
that
cumulative
1941,
mtge. 5% 50-year gold
ferred
the
or more to
bonds of the
4Ms%
$470,015.
indicated
of sinking
of
by
allowed
use
of
such stock
assumption
the dividends on
to
as
On
have
the
on
"Reduced to $2,240,000 outstanding on March
by the U. S.
approved
'to holders
optipn£is giveir'iO _holders .of allowed claims of $2,000
receive far each $2,000 of allowed claims, $1,000 of \Vz%
„
Virginia Public Service Generating Co.; $360,000 to pay
of present financing; * payment, of accrued interest on the
securities to be retired; and the balance will be pledged under-the
and
On
dividends
$4.50
of
Dec.- 31,
Authorized Outstanding
which
delay
and
expense
270,015
60,006 shares
bonds, I960——: - $5,200,000
Refunding mtge bonds, 4'/»% series due 1956 • ••
3,000,000
Refunding mtge. bonds, 4% series due 1963„_
-8,500,000
Georgetown Gaslight Co. first mtge. 5%, 1961
1,000,000
$4.50 cumulative conv. pref. stock (no par)—
60,000 shs.
$5 cumulative pref. stock (no par)—
40,000 shs.
Common stock (no par)—
900,000 shs.
might be obtained
therefore; $1;412.GT, and for each 5Va% note, $1,373.88.
4 Company explains that
,
expenses
debt
be
the
be secured
can
stock—
the
Capitalization and. Funded Debt, Dec. 31, 1941
court in the-principal amount of each note or debenture,,.plus interest
l, 19 41, plus interest on unpaid instalments
the
its
.
redemption,
note
the
Gen.
from Sept,.1," 1935,,to July
units
company
-
pany
,
Preferred stock being earned approximately 2.6 times.
bonds -in equal principal amounts, subject to adjustment by cash pay
filed an: amendment
;
1941,
of
^holfiere?elefefthg.'.t<F*4:ake''the
fbHows'^
yP: :'v.
;-v\
'
orig'nal registration statement f'led w th SEC ;
then proposed to sell $22,800,000 first mort- ;
ppee 3VaS. due 1971, $5,700,000 2 V2 % to 3%%
serial notes, due Dec. 1,
1951. 70.000 shares 514% cumulative preferred stock, $100 par, and,
628,333 shares common stock, no par. "T.
*
Net proceeds from the sale of the $26,000,000 3% %. bonds and the
$10,500,000
debentures w;ll be used as follows: $37,239,193 to the
13,
would not
which
it
of
five
of
out
best that
that
so
1941,
shares
011'''wnt f1? mnntW1942 $47 286' and aftdr ^such,::interest payment date, and for the balance of their
194L^2,567.j ^For the 12 months^ 1M2, $47, 6,. . allowed claims new' Warren Brothers series A bonds and series B
April' 29; 1942,
hi
Previously,
four
the
is
pref.
on
preferred stock now offered
which shali be fixed by
registration state- raent.r disclosing that it. now proposes to sell, under the competitive
bidding rule' of Holding Company Act, $26,000,000 of first mortgage
3%% bonds, due Feb. 1, 1972, and $10,500,000 of sinking fund deben¬
tures, due May 1, 1957;*, debentures are to. bear interest at not exceed¬
ing 5% per annum, with specific interest rate to be supplied by lateramendment.
that
on
declared
.
preferred stock outstanding as of
times.
year
of 'the extefnal; debt of the Republic of Cuba 1937-77,. with interest
-on'Cuban bonds in cash at the rate of 4 V2V0 per annum from Aug. 1,
1^41,-to^^ the;'interest/payment date of said bonds next preceding the
pstimatpd
cj-pd
Virginia Public Service
Dec.
4.5
p" Alternative Options for Note and Debenture Holders
Claims
ment
on
appeal
an
external
$2,627,340>2,866,420
UncoH
'
Company
state
of'interest.'* The total amoimt of
,V: s
t#vae
The amounts
1941,:, $6,623.^7. 155, p.-v
;
letters
that the plan
feel
and "that-further modifications of
company's, plan of, reorganization, was
Court; _of Massachusetts in February". -
yture -is,
stock and surplus
Federal
law.
taxes
v
1,803,936,
35pjot normal tax; and' «*rtaxflf^
provide
F^hruprv.
The
$274,768
70% for excess profits tax to
taxes over existing
members
through
;
requirements,.-.-——
for common
Balance
;
680
declared
Dividends
$270,015,
undoubtedly would'be involved.,
$5,842,700
Dr46,313
$5,651,898
Dr49,021
$419,656
M04'801:it»;
4.
•
vertible
District
$409,074
Pr4,233-
i >253,402
committee. •• The
the
mittee
this -time
1,669,534
1,965,107
..
Dividends
sepurity holders tti accept the cohipany's plan of reorganization.
...Letters explaining the committee's decision, are. being sent to note
and debenture
holders, according to Cecil P. Stewart, Chairman of
-•
Balance
Preferred
178,128
income
Net
The protective committee representing holders of $1,839,000 5Yz%
sinking fund gold bonds, due 1937, and 6% sinking fund gold deben¬
tures, due 1941, announced May 3 that it is recommending Warren
>
3,635,700
2,160,086
233,400
amortizy-.;.p j.5.1,999^01
and
Interest
••
——
income
Interest and- inc. deducts., net--—-
1941,
-
1942—Month—1941
1942—12 Mos.—1941 ^
Operating revenues-$2,218,712 *:$1,841,202 $25,141,830 $21,390,530;
O'Uration805,323 ; * 665,681
9,211.421
7.884,078
Maintenance'
183,051
.133,670 ■ 1,927,992
1,665,053
210,667- iv 2,554,732 > 2,364,057.
Depreciation r —1
— -:
228,401
Other
income
Gross
Committee Recommends Ac¬
—
,
Period Ended Feb. 28—
.
Other
for
.Warren Brothers Co.
ceptance of Plan—
I
Virginia Electric?
Net operating revenue.
amounted
a
dividend of $1 per share on the
June-1-to- holders of 'record Ma<y Zt.^ 'This^ ^
payable
stock,
Pay $1 Dividend—
declared
have
directors
common
to
.
regular
the
capital
the Wabash RR.
Jan. 1,
directors have declared
The
•
and
28 authorized
April
on
exceeding $47,354,300 of first mortgage 4% bonds, series A, due Jan. 1,
1971, $17,510,100 of general mortgage 4 % income bonds, series A, due
1981, $21,710,100 of general mortgage 4l/i% income bonds, series Br, due Jan. 1, 1931, $4,533,000 of serial collateral iy2% notes, series A,
and $31,106,700 of preferred stock (par $100); (b) issue and pledge not
exceeding $4,533,000 of pledged collateral lVz% notes, series B, and
(c) assume obligation and liability in respect of not exceeding $8,540,000 of Wabash Ry. equipment trust, series H, 2V2%
certificates, $2,025,000 of Wabash-St. Charles Bridge Co. first mortgage 4%
serial
bonds, and $50,000 of Wabash-Hannibal Bridge Co. first mortgage 3 Vfe %* :
serial notes; the securities to be issued and obligation and liabilities;
assumed
in connection); with the purchase
of the properties of the
Wabash Ry. pursuant to the plan of reorganization dated March 15,.
1941.—V. 155, p. 1760.
r'.',v .''
(,
.
lence'otjprodUction.''—V, 155, p. 1759.
Vick Chemical Co.—Extra
ICC
THE COMMERCIAL & FINANCIAL CHRONICLE
ferred
which
stock
several
the
Booker
E.
Y.
Nolan
Brown,
Goodwyn
&
Inc.-
Co.,
Olds—
&
Coe
Lukens
»
.>
receivable
of
$46,114,027
-
——
-
—
—
>t ?•>, i. v
tr.
'
v,
'{.*">}.?
" v.-V
Circuit
the
Capital surplus
Earned surplus
Funded
Dividends
declared
-
for
-
714,392
f
———————_—_—
the
long
securities,
booked
Orders
effort
and
,i
;
•
^
great
1941.
expense
$968,922/.,
——r
377,722
72,482
5,316,313
Federal
4,529,665
1,063,932
1,082,628
102,813
104,727
1,176,311
1,208,798
retire, reserve
appropriations
90,277
91,037
Net oper, revenues—
$203,349
Other
taxes—
^
——
>
Other income
(net)—
bonds
64,167
and deducts.
5,135
Interest on mtge.
int.
Other
Interest charged
$1.28
..
$2.10
.
income
Net
months
770,000
125,513
186,648
son
2,424
period
.' '; Balance
622,518 "
622,518
.
$1,256,402 / $2,074,017/
explained,
Trusts Co., Ltd.,
the
to
1942,
15,
May
at
the
at
stock
a
deduc.
•Oper.
&
revenue
taxes
'
•Gross
■
income
.
"
Bales
hours
of
Bales
cubic
$3,093,635
$3,486,547
1,957,816
478,853
489,352
1,958,515
$575,550
$1,135,120
period
in
This
1942.
due,
was
dividend of $1
a
Federal
89,604,035
Net
2,311,166,500 2,227,162,400 6,448,051,800 6,619,937,700
*
-
....
7
<•
,
executives
They
to
tax
accruals of
$143,750
Net
provision has been made for Federal excess profits
computations indicate no such liability.-—V. 155, p. 1422.
as
tax
..
has
took
'
i
)' \
^ S
n
the
ordered
trustees
over
*
*>'•»'" /'v
file
to
the
settling
of
one
two
issues in a dispute between the company and
Employees' Association, Inc. (independent), involv-%.;
recommendations had previously been approved
by representatives of the company and union.
_
■
(The order provides for the creation of a four-man joint cqmmittee;
containing members appointed by both sides to make a study of the
existing labor grading (wage classification)
system of the company
and to report back to both sides.
Both sides would then enter into
collective bargaining on the report.
The ..Board agreed to resume:
Jurisdiction on the issue if both sides then failed to agree.
The remaining issue—a demand for a blanket increase of 10 cents,
an hour in wages—will come before a panel of the Board for mediation
shortly.
i;v-V-vX• X ';.,
The dispute affects the employees of the company in the Kearny
area
including the company's plant at Kearny and outlying annexes .:
at
Tompkins Terminal,
Newark; Roselle,
Ba.vonne, Clifton
(all in
New Jersey), and the tube shop at Hudson Street In New York City.— '
Board.
V.
Abelow's
Mr.
153,. p.
1760.
'
,
Western
New
York
of
Vice-
riot
in
excess
Securities
withdrawn its application for an
of 15,000 outstanding shares of its
and
Exchange
Commission
has
order
common
stock,
the
'•'••■'Iv
announced.
-t';' v
Western Pacific
;
The U.
aside
RR.—Plan To Be Reviewed—
S. Supreme Court agreed
an
Interstate
April 27 to review
Commerc»;Commissio« 4>lan
a
decision which
$751,498
$3(14,036 ^ $183,935;
8,659;.
"
$167,850
/ $442,714:
$760,655
43,729
16,085
$288,931
include
not
interest; being; accrued
J'
•
48,663
-
'
'
v
f
<
i
i
,
,
compares
to
answer
an
action
V/ -.v;'
..
' '• ' "'"it, I i'S
]■'
declared
under
dividend
a
Dec.
on
$229,658,
or
Corporation
with
20
J.
the
cents
(No.
which,
on
as
of
23,
of
'
.
Years 1
1940
64,262.724
17,916.651
—2,126,242
873,746
890,054
744,419
61,262,735
46,026
16,282,177
3,614,406
61,308,762
19,896,584;
50
s
,
.
income
income
1,
the
8.943,834
L
paid
on
Dec.
19,
&
Net
stock,
income
Dividends
10,255,873
——
—
4,798.290
$17.11
paid
share of capital stock——
per
defray
cost
662,933
and
10
•.i-jr/■ •-
cents
•
Assets—
;■■
,
Plant
on
1943
goods sold and expenses
.
'■-■'
'Liabilities—
"
.
' '
.
;
4,548
■».;.-.i.i.i,.vVr.
■
\
;
Parent
14,230.465
company
wages,
incentive
compensiation———
liabilities
Deferred income
—w
——
————
31,969
1,379,365
53,902,073
46,739,060
1,123,307
692.170
6.523.655
—
6,078,169
56,736
3,868,894
62,638,928
—
taxes and expenses.
Deposits on uncompleted sales contracts
Provision for Federal taxes based on income—.
for
r
.
'
1941
v.
31,320,647
6,845,989
604.564
i>
18.872 ">
15,680,382.
178,572,085 113,594,221
Total
Accounts payable:
Trade creditors
368.
12,855,685
■% 544.395
303,932
;
expended for manufacturing facilities
13,103,341 :10,183,706/
service
guaranty and uninsured
losses
-v.
—;—•—•—*—-----—3,060,000 ■». 1,362,009
Reserve for future engineering development—
4.125.000
:
Deposits
$2,693,000"'
for
Reserve
2,290,000
$749,000
13,103,341
1,476,759
14,138
13,634,423
2,120
—
at cost or less—_
'rJ"//■
■
di¬
2,737,000
——
—-
346.654
61,913,541
——;
production
future
insurance
properties
Other
$3,486,000
for
Miscellaneous investments,
*
Provision
.
—
8,069,422
5,428,158
—___
and expenses
Patents and license rights, at cost——
Co.—Earnings—
sales
1940
28,539,938
;
—
—
Prepaid taxes,
Accrued
p.
<
.
1941
V
;
/
.
Accounts receivable
Fishwick.
155,
2,399,141 /
$11.09,
'■/■/-^>;>/$,,:/> ■/:iW'K
Cash in banks and on .hahdi^—
46,459,665 .50,702,143
U. S. Treasury notes, tax series--:
8,000,000
,
Bellows has been elected Treasurer.—V.
551,240
6,656.283
customers to?
for amortization of $3.-;
plant facilities, less provision
and $3,657,933 In 1940,
of
in 1941
Preparation costs
Corp.—New
{Stated in round thousands]
6 Mos. End. Feb. 28—.
<
,
4,125,000
/♦Representing earned portion of, funds providedVby
Recon¬
amounted
Trustee of
a
5.590.939
7,098,129'
1,132,5221
Comparative Consolidated Balance Sheet, Dec. 31
and
last,
Machinery
36,851,532
taxes———.—
engineering development
and other post-war readjustments
Provision for incentive compensation————
equivalent
1942,
surtaxes—-
future
for
Earnings
from
May
and
profits
Provision
initial dis¬
An
——
cents
common
amount
———
—___
Total
V
of
,l,
17,257,116
659,534
income
Normal
Excess
1941.
an
loan
a
of
2)
1195.
p.
Pump
Wilson Jones
wf'. /• ''
63,211.598
1,051,126
—
income
•Extraordinary
of
Vice-President, has been elected to the
corporation's board of directors, filling a vacancy created by the death
Edward T.
155,
67.537.213
———
Balance
suit.
section
new
a
Schwanhausser,
Harold A.
"
1941/;.
Prevision for depreciation and amortization——
rector, Etc.—
Edwin
'
-
Calendar
income
'i:.
Worthington
paid.—V.
$
208,345,060
———
Other deductions
improperly prolonging the voting
The trustees named were Messrs.
authorized the payment
1941.—V. 154,
not
$394,050:
-
(100 William Street Corp., N. Y.
Other
The directors have declared a dividend of 10 cents per share on the
common
stock, par $1, payable May 25 to holders of record May 5.
6,
and
profit after cost of sales and expenses
,
1
payment,
Finance
$716,926
.
(Fire) Insurance Co. above.—V. 150, p. 1003.
d
Inventories
Cost
$434,054
t
15,099
Sales
Wileox-Gay Corp.—10-Cent Dividend—
Net
$656,831
125,853
' : 96,923
9,157'
1
3,247
/■
*
■
$180,687
Consolidated Income Account for
$403,000
,
Net
profit
from
operations—
income
Total
income
Provision for
taxes
(est.)
,
60,000
388.000
stock
surplus
87,000
Total
—V.
income
for six
months
_
surplus, beginning of fiscal year
surplus
Dividends
599,000
$897,000
——
—
$298,000
paid In cash
168,000
Earned
surplus, since Aug.
31,
1932—$729,000
surplus
771,000
Total
Feb.
for,' the jeorgani--;t Earnings
coital
28
per
surplus
—
..share;
and
earned
——
459.000
-
:/;:;/:/.;// /;/;/■■■. >";■
! Yazoo & Mississippi Valley
March—
$734,000/
Gross
136,000
from
488,000
from
Net
$598,000'
■
/
•
.
,
■ " /
,
ry.
$1,086,000
$L12;v,;i.
railway,
railway—4--
oper.
From Jan.
Income—,
1—
.
.
1942
$2,571,732
1,297,167
1,044,624
RR.—Earnings—
'
1941
$1,421,175
474,920
275,197
1940
$1,174,022
285,825
85,145
1939
$1, 270,681
421,583'
228,807
*
,
from
Net
surplus,
$1,500 000
-
2,999.285
1.540.906:
12,412,753
178,572,085 113,594,221
—
1104.
p.
—
$275,000-
Net
Capital
——
—
154,
——_
2,999.285
—-—1,540.906
—
17,870,337
—
——-——
Earned surplus
$422,000
84,000
—
—
Federal income
19,000.
$770,000
—
deductions
Other
21,000
—
Capital
Capital
Other
Gross
eet
'
Advance payments to" suppliers——
Total
purchase^;
to
$954,489
112,440
90,550'
Wright Aeronautical Corp. (& Subs.)—Annual Report
1687.
Fund, Inc.- -Withdraws ApplicH-
has
$243^12
' > 29,647' •
32,977 '
$300,794
3,236
(net)—
profit
See Aetna
;
/
Savings Bank, has been appointed a voting trustee of the
Spencer Steel Co.
Other voting
trustees are George W.
Arthur H. Lockett, John H. Fahey and George C. Lee.—V. 155,
Treat,
Net
\
Company
36,594
^8,328
v
Woodhridge Corp.
law passed this year applying to foreign corpo¬
principal operations in this state.
The suit
May
on
dividend
Earned
tion—
(Dr)
(Dr)
charges ;
•Does
$1,648,932.
of
245,200
284,074
p. 1424.
4, following
Reed of Jersey
-
New Voting Trustee—
B. Schwulst, since 1936 First Vice-President
■
the company's Kearney (N. J.) area.
In issuing the directive order the Board adopted as its own theit
recommendations of Robert Abelow, principal mediation officer of the ;
employees in
21,000
ing
$902,032 ;
,
-115,645■'
$385,71T/;
.
income
oper.
income
Net
on
Davis,
the Western Electric
2,334,488
$1,354,209
.
May
C.
Earl
Chairman of the War Labor Board, on April 21
announced that the Board had unanimously approved a directive order '
H.
ry.
•Fixed
their
iike amount was made
of
This
William
*
Steel Co.—Court Refuses to Dis¬
jurisdiction
directors also
Jan.
Western Electric Co., Inc.—Labor Dispute Order—
:
$328,152
'61,597v:' v'
100,092 ;
84,840
,
Income :;availahle/'for//
fixed Charges 2—
,
$470,000.
$453,750
$130,000
Note—No
equipment
facil. rents
Other
'
;
after, taxes;;--^
Joint
90,000
share
per
rank
the
Frank
are
the voting trust certificates representing
$10, payable June 8 to holders of record June 1.
the
p.
2,984,428
>.
income ,taxe»__..
Total
directors
The
-
>.'»
$4,338,637
831,497 :
/
$527,406
revenues
Of
Hire
Calculations
week,
Wickwire
'f'
,
1,046,147
.v-——
V
,
1942—3 Mos>~1941
:
$3,236,520',
3942—MQnth-»~194l
taxes
'
343,094,787
351,836,073
92,249,700
of common
in¬
Robert¬
Mr.
Lee and Lockett.-
tribution
to
v
City)—Sale of Building—
share on
to
.
1941, and on Aug. 30, Nov. 30 and Dec.
directors.
t
conducting
struction
$1,528,731 ;
without
$1,573,554. $1,159,650
railway
Other
Dividend No. 2—Reduces Loan by RFC—
$1,064,902
inc.
Fed.
's
,
and
The
per
$4,464,000
and $1,981,000 in
par value held in the
CentralRy^-EarningSr^--.,
expenses
Net
the Bowery
,
feet"
•Incl.
j"
court
rations
$3,494,191.
7,644
*:/>?;&:////;
gas—
■
of
the stock corporation
16,413,721
$4,846,000
..
v"'.'J.V*V.1V, J.*(''''—/is
;
Total
miss Suit—
The
elec.—
of
Kw.
■
'
%"
Treat,
$581,099
Net income
•
stock
common
revenues
J.,
holders
$3,108,797
15,162
Total income deductions
,
produc¬
Supreme Court Justice John E. McGeehan in a decision handed
down April 23 denied a motion by voting trustees of the company to
dismiss
a
suit
for
their
removal
filed by
voting trust certificate
$1,065,212 $1,068,720
5,260,
3,818
.
increase
Westinghouse
Wickwire Spencer
•
16,714,357
$1,059,952
'
in >1942
$2,018,000
Gross
4
*
par
Operating income
Non-oper. loss
same
the
charged the voting trustees with
trust
beyond March 1 this year.
*
for
S-
Total
President of the Westinghouse Electric Elevator Co., a
subsidiary; L.
E. Osborne of Philadelphia,
Manager of the Steam
Division; Walter C. Evans of Baltimore, General Manager of Radio,
X-Ray and Broadcasting Divisions, and Andrew H. Phelps of Pitts¬
burgh, Manager of Purchases and Traffic.
All the new Vice-Presidents
will continue in their present executive posts.—V. 155, p. 1608.
4,392,200
4,394.979
four
board
the
N.
•
——
the
announced by G. H. Bucher, President,
was
of
City,
$5,460,920 $19,823,154 $19,907,912
$5,460,191
revenues
of
Period End. Mar; 31—
first
paid on
were
of
Election
1942—12 Mos.—1941
1942- -Month—1941
Period End. Mar. 31—
Operating
increased demands
29, declared,
29, Dec. 5 and Dec. 23,
action
Westchester Lighting Co.—Earnings—
;
the
payable May 29 to holders of record May 12.
March 4, last, and on March 5, May 29,
both
$50,
par
President
rate
telegram to its stockholders declaring that
agreed to purchase the company's out¬
price of $3.50 a share,- provided 80% of
the stock may be acquired.
The acquisition, moreover, would be subject
to examination of its titles, organization and finances.
As of Dec. 31,
last, the company had $2,341,782 of total assets.
It is a crude oil
and natural gasoline producing company,
with properties in Texas.
In 1941 its net income amounted to $196,646, after charges, equal to
23 cents a share on 84T.700 shares of $1 par capital stock outstanding.
Notes
payable at the
year-end were listed at $660,000.
Surplus
amounted to $501,775.
("Wall Street Journal.")—V. 153, p. 708.
capital
.
said
"Wisconsin
Four New Vice-Presidents Elected—
responsible oil company has
standing
2,653.000
t2,963,000
771,000 ;
*490,000
729,000
599,000
■
recapitalization
•
20, 1940, as against 87% cents per share on Feb. 29 and May 29, 1940.
Wellington Oil Co. of Del.—Offer for Stock—
a
for
were
Aug.
The company has sent a
■
each,
The
-
V*/;>.'^
"and
compared with $8,239,increase of 131%."
an
meet
of
Part
amounts
receiver and manager, 200
of 6%% per annum,
will be made by the trust company on and after May 15, 1942, upon
presentation of the $425,000 of first mortgage gold bonds for endorsemeat of interest thereon.";—V. 142, p. 2346.
thereon
shares
stock, par $50, and on the 7% and participating preferred
common
stock,
Bay St., Toronto, Canada, on April 30 announced "under and by virtue
of
an
order made by
the Supreme Court of Ontario, payment in
Canadian funds of six months' interest to Jan. 5, 1937, together with
interest
taxes
overtime and longer working hours.
all employees limited to a 40-hour
to
that,
36%.
to
directors on ,A£>ril
The
Wellington Building Corp., Ltd.—Interest Payment—
Western
profits
excess
for
$53,031,528
to
Like
London &
\
Pay $1 Dividend—
To
for Federal taxes of $31,023 for the current
month and $62,046 for the 12 months ended Feb. 28, 1942, additional
to
the amounts
required under the Revenue Act of 1941.—V. 155,
p, 1760.
•Includes provisions
The
stated,
required to produce the same amount of
war equipment turned out by 83,700.
.
Westinghouse is now engaged more than 95% on war production,
and by midsummer it will be virtually 100%, Mr. Robertson disclosed.
Unfilled orders amounted to $580,780,124 at the end of March, as
compared with $284,311,048 on March 31, 1941.
$2,696,535
to preferred stock for
Dividends applic,
from
•
$18,805,658,
year,
to
of
employees would have been
5,080
$1,878,920
1941
in
indicated
$166,916
,
reserve
shares
value
number
amounted
crease
:4^—_
/
$138,768
——
last
in order
time,
Robertson
,
of employees was increased 30%—from 65,300 in
March, 1941, to 83,700 in March, 1942.
Payrolls increased even faster: from $33,882,267 for the first three
to con¬
(credit)
struction
taxes," Mr.
income and
period
same
same
the
770,000
-
28,083
i
,
the
tion,
$3,648,103
$2,772,009
4.
64,167
%<;
the
for
At
$2,730,339
$259,166
$208,070
income—
'Gross
415
1,104,571
$3,611,959
36U44
1,920 /•■ /f;; 41,670 1
4,721
■:.
for Federal
^Provision
profits
excess
paid to employes.
wages
three months of 1942 amounted to
1,092,574
$257,246
and
income
increases- in
Property
'
—
stock without par value to shares of $10
change'having been consummated on Feb. 27, /
reduces the capital stock account of the
company from $3,000,000 to $2,728,000, such reduction being transferred >
to capital surplus;' On the company's balance sheet treasury shares
are
now
deducted from shares issued at the'aggregate of their pa'r v
value of $10 each.
For comparative purposes the balance sheet prior * v; ;
to Feb. 28, 1942, has been adjusted to indicate the deduction from |
total shares issued of treasury shares without par value on the basis
of the stated value thereof of $10,997 per share in effect prior to the ;
recapitalization (rather than on the basis of the cost thereof as prevl- f ,
ouslyshown on said balance sheet
p., 1423. .>
..1
'
vt
•Representing orders delivered. The deliveries of equipment in
February and March this year were the equivalent of six
months production for Westinghouse in "normal" times, A. W. Robertson, Chairman, reported.
■/. ■>. '
■■■.;
..■ ,■
Notes—"The principal factors affecting earnings were provision for
'
453,801,,/
'118,682
■
•Federal income taxes-
t3,400
par
January,
.
depreciation
tion
282,387,969 144,795,948
112,159,411
81,141,645
4,124,654
5,627,264
——
income
per share on combined shares under
/participating provisions—
$903,214 $11,379,469 $11,537,821
/
151,000
at Aug. 31, 1941, have been deducted at stated value of
$10,997 per share from issued stock Without par^-vMoeh^'^'r^''*
^ {"
The balance sheet at Feb. 28, 1942, reflects the change In capitaliza¬
Earnings
1942—12 Mos.—1941
1942—Month—1941
Period Ended Feb. 28—
Operating revenues——
Operating expenses, ex¬
cluding direct taxes—
$261,000
403,000
.
•After
19421miM
4
„
-i
f"
$290,000
/.
taxes
Total
,
/;
income
treasury
sales billed
•Net
;
Washington Water Power Co.—Earnings—
accruals
and
Capital stock ($10 par)
1942.
$49,837,155
1760.
payable
.;v:
-7-:/ ^V
/Lidrbilities-^- *•-;-r
Provision for Federal
Westinghouse Electric & Mfg. Co.- -Earnings, Etc.—
Net
—
of
years
delay
-—
Total
'
—-
stand,
Three Months Ended March 31—
accounts
-t-V. 155, p.
11,000
$4,464,000
since Aug, 31, 1932—.—.
to
is
,41,000
: 10,000
Capital; surplus
decision
Court
241,000
,,39.000
f
Earned surplus,
Circuit
the
inevitably resulting in
to all concerned."—V. 155, p., 1760.
'—946,699
Other current assets
?c. - 170,016:
Deferred credits
84,709
Reserves'
——_—_i*;:,.;-5,179,305
Accrued
241,000
—
___—
and
new
- 97,223
226,875
.Customers' deposits and construction advances—>
—
26,000
1,144,000'
$4,846,000
Accounts
have
2,600,000
633,140
>
—_T-
amortization
10,000
24,000
1,131,000
literally millions of dollars expended by both the ICC and the
security holders in all pending railroad reorganizations will
been largely, futile.
They will all revert to the
Commission
detailed dollars and cents valuations of properties and old and
the
v. 160,000
.'-j—iu—t.*
commissions/payable-'-.-
charges
less
15,000
.,10,000
,
!
862,000
1,423,000 '
affected
.
Sinking fund payment bonds—
Notes payable to banks (unsecured)——
—
Accounts payable ftrade)—*
—u—,t——
reserves)
Total
,
..
less
(non-current,
equipment
—
that the ICC had not -made the required
of property involved in the proceedings.
Commission had followed the procedure em¬
$691,000
■
:
^/l,641,000
notes and accounts-(excluding idle plant)—
Idle plant
(less reserves for depreciation and
loss on disposal)
Patents,
<1/ l':
deposits—$639,000
and employees'
Deferred
*•
..;v'
—15,000
and
♦Plant
value
the
v
// /
notes-i-d-iii—i-V-—124,000
receivable, 'less resdrve_;:_'_"'
* 972,000
——————1—J—-
receivable
Notes
Cor¬
,
-
"If
-----—.—16,939,500
debt
-'Wagesf and
$6,000,000
L_
road's
Credit
notes
Investments
ployed in 13 other; plans for railroad reorganization, the bondholders'
Committee asserted:
"""
-//;"" *
✓
-
shares)3,650,000
6,895.073
5,540,223
stock, (425,000
that
out
Pointing
-
$4.50 cumulative convertible preferred stock—.—
Common
the
and
Inventories
found
Court
of
determination
$49,837,155
Liabilities—
of
Railroad
*";/
' Feb. 28,"'42 Aug. 31,-r4l ; :•
■-
and demand
Treasury tax
Accounts
Trust
Irving
the
■
fatal
34%
the
.'/.o/r,.:
hand
on
U. 3.
Officers'
by
the
The
.
'
:-■■■■■:
1
represented
the railroad; and
railroad.
;/.;/■:"
trustee;
from
wj?; 1,268,327
Prepayments
;———————■—
50,392
special deposits
;
-----L
116,424
Deferred charges -__----.-i._-—
——
189,350
Inventories
Cash
Co. of New York, as refunding mortgage
A. C. James Co., which claims $6,249,750
"
///'■/
'4"
<
>'i '
It was contended by the Western Pacific Railroad Corp., holder of
all the stock of the railroad company, that the latter was not insol¬
vent but "had property of a value in excess of its liabilities."
poration,
T 332,261
—1,766,374
_
committee
The
Francisco.
San
$49,290,100 of first mortgage bonds.
The Commission plan was challenged
—
-
'Assets—
New York; and the Crocker First National Bank
National Bank,
Comparative Balance Sheet
•vJ1,4.*«'-.1.-3- ■"'' [Stated 1n round thousands]*•■, :*
Supreme
Chase
Sheet, Dec. 31, 1941! ■
"•
;
/■■v,//'/■■■•/i
hand and
on
■>J
•v-vi;
the
..
v;;.o.V'-'
;.
plant and equipment———
demand deposits———
Property,
6
—•—
.
Federal Bankruptcy Act.*
Court review of the Circuit Court's action was sought
Reconstruction. Finance Corporation, institutional bondholders'
committee, representing a
group
of insurance companies and the
A
by
&
Balance
Consolidated
Assets—
Accounts
6 "
;6
Rohrbaugh
Robinson,
the
under
company
Approval of the plan was given by the Northern California Federal
Court, but this action was ..reversed by the Ninth Federal
Circuit Court. '■
/. /;%•'.• Vl
V:.'-'
■■■/
■■
;•'•'•, ' V:,C
District
9 %
t—
C. Jones & Co
Robert
16
16
16
9
Johnston, Lemon & Co.-—
Folger,
&
Ferris, Exnicios & Co., Inc.-
.
-path
Cash
Mackall
Co.—16 (
&
Auchlncloss, Parker & Red-
the
of
zation
initially
have
underwriters
principal
agreed to purchase are as follows:
Monday, May 11, 1942
from
Net
ry.
railway—
railway—
oper.
Income—
irtSrY; J.55, p. 1520-
6,847,603
3,211,586
2,490,590:
3,683,315
976,130
352,134
3,603,283
1,001,832
380,983
3, 403,029
906,522
308,422"
*'
@FedFRASER