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,''s
s
'
194S
MONDAY
bus/At^'
ubbary
and
Wit e
Financial Chronicle
Reg. U. S. Pat. Office
[Volume 163
New York, N.
Number 4489
Price 60 Cents
Y., Monday, May 13, 1946
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Air Products Inc.-r-Stock Offered—Reynolds & Co. on
May 8 offered 100,000 shares of Class A stock (par $1)
and 290,000 shares of common stock (par $1) in units of
one share of each at $11
per unit. The securities are
offered as a speculation.
»
.
„
,
The
date
class
fixed
stock
A
for
is
at
convertible
redemption
into
corporation
The
the
and
to
methods and processes.
any time or or before, the
stock in the ratio of two
of class A stock.
;
\
and Treasurer.-—V.
;;
'
.
and. Clark W.
King.
Mr.
163, p. 2429,
>
Hanley
111.,
two
$5
new
upon
the
;
surrender of the $10 par shares, on the basis of
$10 par share outstanding.—V. 163,
of
stock
common
(par
$100)
v's-
~
-
\'
^4 Authorized '
•'
■
($1 par)—-4.-^-44..
180,000 shs.
Common siock ($1 par)
*1,000,000 shs*
360,000
shares reserved for issuance
class A stock.
.
In This
RESULTS
bit less."
Inc. Bef.
1941.-——$8,295
4
44,491
$18,939
*
235
1,006,787
v-
1944———4
2,788,987
-
1945———
5,244,856
2,298,049
4,483,322
tl946
—721,776
i 552,972
$1946
——4'4
1943—..,
14,984
1443,023
*1946—
5,707
!
305,149
149,537.
.
.
275,321
;
.
494,623
99,534
»4,444
New York Curb Exchange..
$79,968
•
Chicago
,
.
106,380
,.
.
5,617,698
^$7,932,486
$6,835,664
269,739
269,739
Stock
Exchange.——4—
—2611
Dividends
on
common
Stock
Earned
i.——.
cumulative preferred stock..
stock-—-——
f
CONSOLIDATED
-
BALANCE SHEET,
DEC. 31
ir;'.'
^ 1945
Cash, demand and time deposits in banks
$5,012,524
Marketable securities, at cost————6,983,147
Accounts receivable
r 2,804,235
Inventories
'2,972,727Refundable portion of excess profits taxes---i
329,988
Refundable portion, of foreign excess prof, tax.^126,731
,
.2614
Section.-.2615
Government
securities
Investments
..2618
of
—
$28,479,370 $25,223,823
——
$336,178
143,591
pfd. stock of foreign sub. held by public.^
414,494
Reserve for contingencies——
1,595,238
1,468,263
4,495,650
4,495,650
6,527,730
5,915,984
Dr28,32o
Banks of
/
172,938
——.
1,594,464
229,920
6,049,675
—
customers' orders—4-
6%
Appropriated surplus
6%
cumul. preferred stock (par $50)————
Commpn stock (par $10)——6,527,730
Earned surplus 4--—.——-—6,947,812
4——.2622
11
$376,969
111,822
220,382
1,372,622
; 197,423
3,456,176
412,723
696,398
Advances on account of
Dividends Declared and Payable.il—--...2622
The Course of Bank Clearings.!-....—2619
Common stock in treasury.————
J—.2622
Federal Reserve System——.—.
Sales
J.
'
.——
taixos (estimated—
Dividends payable
—..——
—
Redemption Calls & Sinking Fund Notices.2621
V°:
-
2622
Auction
——.——
Provision for
General Corporation and Investment News.2573
State and City Bond Offerings and Sales
2628
of Member
(
99,099
1,468,263
8,463,606
66,599
1
trade
Other accrued liabilities
Condition Statement
598,953
.
Total
Miscellaneous Features
.
.
assets (net)....—3,485,453
Prepaid expenses
70,228
LIABILITIES—
UNDERWRITERS—Reynolds & Co. to purchase from the company
100,000 shares of class A stock at $9 per share and 250,000 shares
of common stock at $1 per share.—'V* 163, p. 1853.
5,942,606
2,363,576
3,110,551
1,595,238
appropriated surplus.*...
Accounts payable,
Accrued payroll
Foreign Exchange Rates...
Federal Reserve Banks—.
1944
$3,110,567
Fixed
the company from the sale of the
,
'
99,099
—.
'
price of machinery and equipment heretofore rented 4from
Defense Plant Corp. which the company has contracted to purchase.
An additional $81,500 - will be applied to the purchase of plant
at
Emmaus (Allentown), Pa., together with an estimated $70,000 covering
the cost of conversion of such* plant for use by the company and
expenses of moving.
The balance of the estimated net proceeds in
the amount of $922,850 will be used principally for investment in
oxygen producing plants as they are constructed, including the pur¬
chase of materials and supplies, payment of salaries and wages, taxes,
overhead and selling, general and administrative expenses.
649,941
$5,915,984
•ASSETS—
—.
Transactions New York Curb Exchange...2600
Stock and Bond Averages..*..;
.2600
purchase
714,935
$6,947,812
Dec, 31
* After deducting $189,854 postwar refunds.
j
...——2613
1.2613
.2613
2616
2617
surplus
•
l,.—....
surplus-...—
6%
securities are estimated at approximately $1,118,000.
Company expects,
to apply approximately $43,650 to the payment of the balance of the
,
———5,915,984
(est.)——I.
cn
:
<->•
net proceeds to
$1,217,966
Total
Transactions New York Stock Exchange...2600
.tFour months ended Jan. 31.
fMonth ended February and
{Approximately $381,000 of these sales were sales made to
the Government pursuant to contracts under which deliveries have
•Loss.
substantially completed.
^,441,989
-
Toronto Stock Exchange......
March.
PURPOSE4-The
594,218
and foreign income and ex-
Dividends
Over-the-Counter Markets——
221,923
deductions
profits taxes
31^ .1943^
——..2610
Stock Exchange—Curb
$3,896,708
$4,545,722
I—..—..
Exchange— 4—— .—4— —2611
Toronto
46,780
60,200
Income
Stock
Philadelphia Stock Exchange
Pittsburgh Stock Exchange..*
St. Louis Stock Exchange.Montreal Stock Exchange—
Montreal Curb Exchange.—
--
——
Profit for the year—.—.—.
a—. ^1,320,104
Reserve for contingencies—696,398
Earned surplus Dec.
—-L.-..-*.-—2610;
Sjtofk'-. Exchange
1944
$4,990,920
290,688
342,087
418,067 *
461,437
178,976
Cleveland
of
53,080
*2,290
.
he
2285.
321,102
338,330
operations..^—$4,366,746
Cincinnati
135,210
,
that
p.
^-2,631,400
cess
—2605
Boston Stock Exchange.—
.
; 199,459
359,413
46,454
Cr2,154
from
Provis. for Federal
Baltimore Stock Exchange.. .I—V-'-;,.—^.—2610
*$33,466
235
69,569
"
75,861
-
approved a
$4,118,631
458,676
.
Net
—
6
1945
$5,444,245
—•
income
Income
Income
Income
•$33,466
43,979
769,125
,.
on
Other
Quotations
Exchange
.———2612
Los Angeles Stock Exchange.——
—2612
Fed. Taxes
Fed. Taxes
.u
;
of
manufacturing and comm. business^
and repairs.—
Deprec. on bldgs., machinery and equipment-.
New York Stock Exchange (Stocks)... 4..—2589
New York Stock Exchange (Bonds)
..-2601
370,000 shs.
YEARS ENDED SEPT. 30
Cost of
May
estimated earnings for the
.
Year Ended Dec, 31—
Total
Detroit
Goods Sold
Approved—-
on
production will be about 9% below that of 1945 but
personally felt the decline might not be that large,—V, 163,
Issue
Stock and Bond
,
OP OPERATIONS,
Net Sales
held
The
corporation's
crude oil production
this
year
is
running
"slightly behind" that of 1945, as had been-anticipated, he said.
For all 1946. Mr. Jacobsen Said, it has been estimated by the company
Profit
180,000 shs.
conversion
special .meeting
a
Taxes (other than income taxes)———
Outstanding
£
upon
at
Maintenance
out¬
:
A stock
existing
American Bank Note Co. (& Subs.)—Annual Report—
standing at Jan. 81, 1946, pursuant to a recapitalization effective
April 16, 1946, and (c) the Issuance of the 100,000 shares of such
class A stock and 290,000 shares of such common stock, now offered
Is as follows:
*•
'
*v;
'•
each
that
company
shares
748
stockholders
Profits
capitalization of the company adjusted to
reflect (a) the authorization of 180,000 shares of class A stock (par
$1) and 1,000,000 shares of common stock (par $1); (b) the exchange
of 80,000."shares of such class A stock and 80,000 shares of such
the
for
four
of
the
company
would fare for all 1946, he would guess that
earnings for the whole year would be "more or less-like 1945, possibly
.
CAPITALIZATION—The
stock for
ratio
,
included the design and
a
manufacturer in Detroit, Mich., of a plant for
the production of hydrogen gas from water.
It is not considered
that this branch of the activities of the company is important or
will be pursued since, in the opinion of the company, more efficient
methods of producing hydrogen are available.
of
activity
the
how
a
shares for each
par
in
first quarter of 1946 were 15 to 20 cents a share less than the $2.01
a share
reported for the like period in 1945.
Mr. Jacobsen said that, while it is still early in the year to estimate
:
Allied Products Corp.—-New Certificates Heady—
Chicago,
shares
new
162, p. 562..
two-for-one M>ht-up of the capital stock.
!
A. Jacobsen, President, stated that the
E. J. Hanley,
also continues as Secretary
...
preferred at 105 and issue 600,-
Amerada Petroleum Corp.—Split-Up
The
-i.:
C. Harris, production;
4,
plans to call the 5%
take
may
share held.—V.
in
Other prewar
installation
for
been
holders
;p.ha429^V- V-^
by
use
1942
Vice-
The company on May 1 announced that, the certificates representing
the new $5 par value shares are now available for delivery at the
Harris Trust & Savings Bank, transfer agent,115 West Monroe 8t.,i
-
•Includes
of
.>
The new Vice-Presidents are M.
The formation of the company was preceded by a period of experi¬
mental and development work and the first oxygen producing plant was
Class
office
<
finance,
common
The
>war,;mafket.^".:"
principal constituent atmospheric gases, such as oxygen
and nitrogen, -on the premises of the ultimate consumer.
The prin¬
cipal commercial maTket available is that for oxygen, -which is -widely
used In the steel,
chemical and petroleum Industries.
Commercial
users
of oxygen in substantial quantities also include most metalworking ..industries and manufacturers who need oxy-acetylene welding
and cutting in ^heir operations.
^
.
The company
H. G. Batcheller, President,
said that the appointments were in
keeping with the company's plans for expanded activities in the post-
common
the company In 1942.
This plant was tested in -com¬
that year.
The impact of priorities regulations and
the
war
thereafter channeled the efforts of the company to
the
development of equipment suitable for use by the armed forces^ 4
Vice-Presidents.
new
MISCELLANEOUS
-
000 new 4% preferred shares of $25 par to be sold at $26.25 a share.
The new shares will carry a dividend of $1 a year and will be callable
in the first year at $27 and on a- descending scale thereafter.
Share¬
all officers,
charge of manufacturing has been discontinued
and
Lounsberry, who formerly held that position, has ; been
the newly
created office of Vice-President in charge of
duce air into its
completed
three
the reelection of
in
B.
elected
of
election
President
Frank
May 2 announced
on
HISTORY AND BUSINESS—Company was formed 4n Michigan to en¬
gage In the development, manufacture and operation of equipment to re¬
mercial
INSURANCE
-
Allegheny Ludlum Steel Corp.—New Vice-Presidents
/
,
shares of common sFockforeachshare
INDUSTRIAL
-
Total
_
.
..
Br28,320
$28,479,370 $25,223,822
—1—
-r-V.,162, p. 2429»
—2622
American Bemberg
Alleghany Corp.—-Asks Inquiry of Two Roads— ''.
•
Corp.—-Plans Exchange
Offer—
The directors have proposed that the 7 % ' preferred stock be ex¬
changed for new 4 V2 % preferred, it was announced on May 8. Holders
of preferred and common, shares will be asked to vote on the proposal
on June 25.
The alternative plan, according to S. R. Fuller Jr., Presi¬
.
corporation, in a suit filed before the Interstate Commerce
Commission in Washington, D. C., on May 2, 1946, has charged that
Guy Atwood Thompson, trustee of the Missouri Pacific, and Frank
A; Thompson, trastee of the St. Louis & San Francisco Ry.,\are act¬
ing in violation of section 5 of the Interstate Commerce Act which
prohibits the acquisition merger,, and control of competing common
carriers in a common interest.
The suit charges that in their ca¬
pacity as brothers and members of the same law firm, Thompson,
Mitchell, Thompson and Young, they are acting in a common interest
This
In
violation
in
are
as
the
Interstate
Commerce
Since
Act.
receivership, and since these railroads
suit
the
of
are
both
railroads
competing carriers,
asks the ICC to take action to remove the two brothers
and to prevent their continued violation of the act.—V,
1
trustees
162.
p.
3065.
SPECIALIST IN
dent,
r
Allis Chalmers Mfg. Co.—Exec. Comm. Member—
W.
C.
Buchanan
has
Aluminum
Refinance
1
;
The
,
company has announced a plan to refinance its 5$ preferred
through an underwriting; syndicate and enable holders to re¬
tain their preferred position in new securities paying
'4
stock
;
i
American Broadcasting Co., Inc.—Acquisition—tlie board, on May 2 announced that
of the outstanding stock of the Kingof Detroit, Mich. The purchase price was
'Edward J. Noble, Chairman of
this company; had purchased all
Trendle Broadcasting Corp.
$3,650,000 in cash.
The King-Trendle corporation, whose 1945 gross revenue , was $2,«»
357,000, owns Radio Station WXYZ, Detroit, Mich,; Radio Station;
STOCKS, INC.
DIVERSIFIED
INDUSTRIALS
INVESTMENT FUND
NY 1-575
PROSPECTUS ON REQUEST
Kobbe, Gearharl & Company
INCORPORATED
Members
NEW YORK 4, N. Y.
Ben Teletype:
NEW YORK
ELECTRONICS
RAILS
Established 1922
•
-
2429.
-
cAllen & Company
2-2600
p.
executive committee.—V.
Preferred Stock—
MUNICIPAL DEPARTMENT
HAnnvpr
the
of Canada, Ltd.—Plans to
Co.
Municipal Bonds
Telephant'
to
,
FLORIDA & NEW JERSEY
80 BROAD 8TREET
added
been
163, p. 446.
would be calling the present preferred shares arid obtaining
funds for redemption by sale of other securities.—V, 163,
•
'
1
necessary
:
New
York
45 NASSAU
Telephone
REetor 8-8608
,
Security
HUGH W. LONG and COMPANY
Dealers Association
STREET, NEW YORK 5
Philadelphia Telephone
Bell Teletype
Enterprise 6015
New York 1-570
INCORPORATED
4ft WALL STREET
NEW YORK S
634 SO. SPRING ST.
LOS ANGELES «
if:
■
Grand Rapids,
WOOD,
program
Communica¬
too
Michigan Network, hat because of regulations of the
-i Communications Commission, limiting, in certain cases, the
the
WOOD,
to
own
Total'
1940——.
1,
Cash.
Temporab oash investments..
(Special ■deposits
4,386,400
70,303,037
20,961,382
* After
1
of
reserve
$660,124
depreciation of $42,382,683
p. 2430. '
Station WOOD, or the Michigan Network, other- than the
retirement of present officers, are 1 contemplated.
- •
The purchase does not include the Lone Ranger,
Inc.,- the Green
Hornet, Inc., and the Challenge of the Yukon, Inc. - ' . .v.;v;V
Acquisition of the stock of the King-Trendle corporation
the number of ABC owned and operated stations to five—WJZ, New
York; WENR, Chicago; KECA, Los Angeles; KGO, San Francisco, and
—V.
Detroit—excluding -fetation WOOD, Grand Rapids. Currently.,
affiliation contracts with 200 independently-owned broad¬
casting stations, in addition to its owned and operated stations.—V.
163, p. 2430. -{;J.p'v'., • ''
' •,^<; y:/
' '
1
'
A. P. W. Products Co., Inc.—"Red
has
Upheld by Court—
The
hearing
the
company
Co. when such common stock is offered at competitive
Continental Gas & Electric Corp.
Gas proposes, if it is the successful bidder, to borrow,
from one ©r more commercial banks in New. York City, the funds
required to consummate the purchase of such stock. The notes which
American Gas will issue to said bank, or banks, will have a maturity
of less than ten years—V. 163, p. 2286.
'
*
by
bidding
Corp.
Quars. 32nd. Mar*. 31—
♦Console net earns, be-
194G.
~
,
.
before .January,
.
oom-
The
•
♦After
1946
Ended March 31—
Net -sales—*.-——-w.*:';.
Cost of sales
:''
income
Total
Other
118,677
-
$272,934
$532,724
8,863
$545,216
37,630
6,859
4,405
—
30,408
(incl. min. int. ).
for Federal income tax.ip
profits tax carry-back——4—
deductions
■
-
'
4atnoo
deducting
•After
•
minority
.
jMaounting to $570,-
-V. 162, p.
--——
350,000
$0.23
$137,357
273,800
$0.50
$90,064
342,250
$0.26
$79,U88
•
interest "in ' li." Q;
2139.
It
was
is
-
r <>\ »y
^\
Net
^
«Vf
sales—-——-
''
i
—
^
*
—
Total Income
Other
charges
76,729
Federal
excess
Net
'
contingencies <4ncL
refund) —,—
income' lor
5,656,418
750,000
-
surplus
Total
Common
"
•
dividends
Earnings..per common1
u
*
income
1945
1946
•
$712,255
—
>7
'
' tky 19U
retirement tax
unemployment
Grandjotal
:/:pr
The
•? ; *
RR.
_
first ..quarter of, 1946. dividends -received 'from •
amounted to $602,479." No part Of these"'dividends
foregoing statement tout the amount • thereof is
held in a reserve until operating results of such subsidiaries forrihe
full year shall have been detenrrined.—V. .163, p. 2430.
"
acquisition of the
was
effected at
Birmingham
•
U. S.
7,857,453
-
1,180,749
receivable from U. S. Government—
Accounts
Finished
.
aud
goods,( work in prooess, raw materials
supplies 'j.———.—
taxes .(1941)
refundable 011
foreign
investment
Postwar
1-
losses
refund
of
excess
;-_a.
.
its pr-eien'e'd
•
Defei'red
Swiss and
charges
*716,590
to
1.025,720
iproperty,
plant and
equipment:——34,033,396
Total
$0.08
notes
(after
receivable
$167,560),
of
reserve
$4,160,95^5;
(at
buildings,
land,
$19,277;
cost),
machinery
equipment
'
jUABIUTIES-t-Accounts payable, $991,855; accrued liabilities/ $609,-
^;
for Federal taxes on Income, $1,983,639; divi¬
dend accrued en preierred
stock, $57,164; advances and other lia¬
bilities
relating
to
U. S.
Government cost-pius-fixed-fee contracts
(contra). $1,014,313;
notes- payable "due~1350, $522,400; reserves for
insurance, $271,453; reserve for pensions (after deducting amount'in
estimated liability
238;
pension trust, $1,186,517), $558,-630; reserve for cowtingenciea, $706,671;
cumulative convertible preferred stock (par $100) $6,859,700; common
$8,797,875; capital and paid-in
$6,852,129t common stock-in treas¬
$30,059,478.—V. 163, p. 2287.
no .par),
shares,
(263,936.25
stock
surplus, $1,037,710; earned surplus,
ury
(7,352.28 shares), Dr$2G3,299; total,
•'
Bankers Securities
Gustave
-
:
■
Corp.^~New Vice-President— *
V4d^President.-ry. 163,
bfeen ejected
Amsterdam ; has
G.
^
'p.'095.;x :: ^V-77
Additional Shares—
authorized the company
period of two years Irom April 1. 1946, an
The ICC on April 26
for a
to Issue, or to renew
unsecured short-tenn.
the face amount of not exceeding $400,000 to evi¬
dence a loan for a like amountvto be used to pay construction costs,
to purchase new motor vehicles, to repair existing properties, and for
other corporate purposes.
'
1
w
•
•
i'
.
3,073,206
51,250,000
18,112,019
20,568,383
24,261,189
Equip, and Jt. facil. rents
4,439,562
4,863,526
3,065,622
" 5,447,059
13,672,457
15,704,857
8,338,259
8,031,439
21,195,567
8,360,955
10,485,356
22,010,716
23,786,296
292,380
402,038
399,366
379,621
5,905,971
6,565,546
ry.
cper.
income-
5,038,297'
Total
Misc.
income—
deduc.
from
inc.-
4,661,341
5,h07,285
5,531,635
16,101,393
9,130
9,835
Common dividends.,.
3*087,851
2,470,281
and
rentals,
etc.--
;
Q
L;
I
29,565,522
after
"
Name^;
•
profit for the previous fiscal year was $1,816,379,
preferred dividends to $2.96 a share on 502,162
outstanding.
shares then
sales for
Net
the
last
*•
>
fiscal year
were
,
$125,110,336, compared with
for the previous year, an increase of 13.4%, according
to €. H. Haskell, President. All major departments contributed to this
increase,
the
third
.25%
of
Sales
total.
milk and cream
of'ice
specalty foods and
'•
department, in which sales
Butter sales accounted for
except the- butter
consecutive year.
cream
and
services,
annual
to
name
14% ;
■
no
longer
adequately
widely diversified activities, stockholders
meeting
Beatrice
June
Foods
1
Co;
to
exceeded
which accounted for 26% of the
cream mix accounted for
19%;
poultry and eggs, 10%; and other
ice
manufactured products,
Because
the word
"creamery"
; company's-
decreased for
approximately
the past year and were
the, company's total sales
by soles of fluid
;
the
-
,
$110,325,031
approve
-
a
change
describes the
will be asked at
in the company's
V'•
policy of diversification was continued during the
■; past year,. Mr, Haskell said.. Sales of products other than dairy and!
poultry products reached a total of $17,027,845, which is an increase
'of 27,3% ever corresponding sales of these products for the previous
<
■
The
.year
Net Income-—™^Preferred dividends——
Int.
1
comon
52,161,189
27,900,000
"
toy the company. Net
^equivalent
-
71,818,383
<
the
'
•;
3,642,410
income
i
Jan. 4, 1927, and
1; 1946, with .privi¬
153,601,01b 115.108,820
81,782,033 62.947,631
to Change
annual report to 'Stockholders issued May 7,: the -company
reports for the fiscal „year ended. Feb. 28, net profit of $2,427,428
after'all charges including depreciation and estimated Federal ihcome
and excess profits taxes, equivalent to $4.24 a share on 511,792 shares;
of common
stock (outstanding at the year-end*,; An additional nqnrecurring .profit of $527,765
was realized ou r the disposal of the
mechanical ice cream cabinets, fountains and similar equipment owned
Iu
midnight Dec. 31, 1945.-- These properties
miles of railroad in Georgia-and-Alabama,
"15,489,468
revenues---"
$3,270,438 $20,259,620 $15,617,058
$6,383,616
Beatrice Creamery Co.—^Proposes
.1,470,536
9,089,464
oper.
-April Sales, 95,2%—Higher—
;
1946—Month—1945
1946—4 Mos.—1949
Issues Annual Report—
——
138,696,621 155,945,298
123,207,152 93,834,279
expenses-—-.
Bond Stores, Inc.Period End. Apr. 30—
w.y, 163, P. 2432.
593.750
income—.
Net
.$126,879,7708136,003,776,.
B0.94
$1.37
promissory note in
accruals—
Other
,
256,568
t
tax
875,424:
37,404^105:
,
192,420
256,564
Tori Curb Exchange on April 30 approved • the Hsting 'of
additional shares of capital stock, par $1, to be issued'in
connection with the merger into this corporation of Central Iron &
Steel Co.—V. 163, p. 1856.
.
1,025,656
.
-Nil
.
85,7'46
256,564
:
The New
oper.
•
subsidiaries
256,564
.
:
"62,112,019
6,400,000, ■ 44,000,000
Total
310,877
share_-
Sales
3,269,783
21,530,360'
4.400;000'
85,746
192,420
186,472
and after Oct; 1, 1945,
't'-f
' *' - -- r
INCOME STATEMENT. FOR CALENDAR YEARS '
;
1945
1944
1943
1942
$
v-;:-'
$
$.*
$'
feVenuesi—_
Operating
Operating
Net
3.154,728 i.,—* '3,146.812
2,RKWP«0
Swedish, subsidiaries—
*" 2,863.560
V534,707*'
r
.
v 428,420
and. Mexican
Canadian
English.
advances
>111.729
85,746
192,435
256,584
(after reserve-.for depreciation and amortization of
$7,280,720; goodwi 1, patents, etc., $4,052,682; deferred
chargeSi $75,050;^ total, $30,059,478. >
• , ■
\
»
* .
and
•'
1,666,300-
~
——_
employees
Heating and Plumbing Finance.Corp. (at cost)
(Sundry—incl.
4,400,000
'
excicoj -iJicenses ?
9,441;718 :
1,729,080
$329,896
_______
& Coast RR.. had been acquired on
stock was -called for i«6emptio® Jani
■ 1944
Railway
17,881,572
"'
'
——■
profits tax—^
receivable-——,—
•
.
—
Federal
Deferred accounts
:
$16,294,407 $16,120,383
36,939,361: 34,9461877 "
Treasury short-term oecurities—
receivable
i
♦Accounts
<
$328,222
85,746
stock;
outstg.
investments
laneous
$3,715,629
32,084,097
lege of prepayment on
DEC. 31 ?
1945
\£-? :<*
75,000
$437,857
$13,568,479 >,
l';v
$6,400,000 $44,000,000
properties ®f Atlanta, Birmingham, &. Coast
Co.
CONDENSED
CONSOLIDATED BALANCE SHEET,
916,000
50,000
inventories, $5,546,433; cash, receivables and other assets relating to
reaching the important cities of Atlanta, Ga.,: and Birmingham, Ala.,
Wrwcrt art now -operated as the Western DiviKian -of the Atlantic Coast
Line RR.
The entire issue of no par value common stttek of Atlauta,
.
foreign subsidiaries
Is
included in the
ASSETS—
com, ;
and
counts
J——GrS,982,018
1939^1942_, ...•■•CrB63.,885
r—
——
include "ajwoximatelfr- -637
.'V'1943
$1,182,492
875.000
—;
CONSOLIDATED BALANCE SHEET, MARCH 31, 1946
)iASSETS-ii-r<Cash,^ i$4ii84I234;>-U.^;S. .:'.4^^;-'SiMttritie^'.;''$3jO27,30O;i''.*e-'
<?r$804,S16 $35,799,726
1,591,336
(employees' pensions)-. .. 1,723,182
1,471,446
mcurance ■ tax
1,390,505
Railway - property, >¥ranchteesr
and miscellaneous taxes
the
NOTE—During
•
•
.
$1,223,542 ' $1,113,854
<of
Earns, per com.
j
'
J-.'-T/
Quae. End. Mar. 31-^ "r;
Net
common
,1944' :
tax—62,500
Ineoms/^axbS payShle to states
558,542 i
-$0.51
7
1,408,000
stock
pfd.
on
follows;
Capital stock
8,489,353
EARNINGS FOR -QUARTER ENDED MARCH 31
(And Its Subsidiaries in the United States) *l
'A"
H
-
-
Railroad
10,896,724
$0.64
X ,;
^$0.64,
*•'
.
1
shate—-
$1,320,896
•
Railroad
.4,0.17*316
$1,253,222
$38,127
on
• i
Net Fedetal Incomc tax accruals-^.
307,048"
4,017,316
-2—--^.7. 12,228,758
surplus
Earned
'*
-.307,048
$1,845,857
$1,307,001
Bekins Van & Storage Co.—Notes—
,>
Adjustment pf oyer-aecruals. years
M
12,813,717.
15,221,088
16,553,142
J07.048
4,017,316
—l__
dividends
Preferred
■■■■—*—
13,8?5
$38,127
taxes.—
Divs.
^$6,041,387 $35,799,726 ,
Claimed refund of Federal inoorne taxes, years
v
/
;
1941-1944,■ tor, "recomputatiou. '<>f ' Rmortiza7 ;
'■
tion charges
5,429,431 :
7,384,286
—
19,790
Barium Steel Corp.-—Listing
surtax (1945 -est.)- $4,233,445
Federal.excess.profita tax (1943 ,est.)r^———- y 1,807,942
;
6,800,100
8,489,353
>
15,436
contingencies
Divs.
freight cargo
Federal normal income wnd
j
ena oaa
$1,233,432
15,463
income
Shares
aggregated $6,400,000 compared with
follows;
ft/o
Mini.;:
Assistant Treasurer;
Auditor, and J. M. v'
■'C--1945
2,964.270
6,731,735
10,856,724
tax apcruals for 1S45
$44,000,000 for 1344, as
15,943,801
750.000,
250,000 V
year—.-—.——,•
surplus———
earned
Previous
3,942,600
profits tax—
for
Railway
i
AC A
■
cumulative pre- ' securities of unconsolidated subsidiary company, $698,514; miscel¬
u- S. Goverament" cofrt-plns-fixed-fee contracts (contra), $1,014,313;
he confined to
for the year 1945 states in part as
,
;
t
for
OOO
$1,830,421
$22,664!
income—
income
Net
RR,—-Annual Report—The report
Atlantic Coast Line
?
15^43,801
21,689,935
2,808,700
11^)99,^00
3,17-3,300
and surtax
'
175,277
127/629
y
13,027,318
—^
renegotiation
Fed.
Prov.
">on
320,228
145,760
oper
Total
Atlanta Birmingham & Coast RR.—-Acquired-^See Atlantic Coast Line RR. beiow.—V, 163, p. 774,
- . '
'16,119,078
20,429,827
1,260,108
of.Spa-nish subsidiary
Total profit
•
.
7,305,045
lAlv'^n
profit—
Inc. from invests., etc..
Ry.—Organizes Air Line
territory served by the Santa Fe. It will
for
the time, being.—V.
163, p. 2431.
.
20,557,456
9,316,452
6,810,234 ,11,962,837
depreciation—"
,
v
19,69.1,859 14,729,1551
' 865,597 ' 1^891923
——...——
Fed. normal income -tax
Provision
' P\
^
10,804,871
2,299,176
'k Balance..13,027,318:
Pro;it on sua
;
$ v
S W
13;104^47
prcfit
Gross
1 "
11,121,535 11,011,170. lit;023^903
Selling and admi.' expenses—^
Other income
Net
Chaney,
120,001,954 133,88G;017 124,057,703
98,075.548 108,182,988; $8,304,645
—
^alek-
Cost; Of
1943
1944
'v'.» ^
O*
1945
v
,
1943 '
$8,886,034
goods
for
Prov.
,
.
Standard Sanitary Corp.—^Report ■
STATEMENT', VFARS ENDED DEC. -3 L
CONSOLIDATED .INCOME
6
'
J 946 ,
1945
1944
$6,978,658 $14,113,486 $10,804,832
sold, delivery and other exps..
the
Lupton,
other oper. rev.
&
of
Cost
Assistant Auditor.
.-v
v
, "
-'
Headquarters of the new company are to .be' located "at Wichita,
( Kansas.
For the present, the President, Vice-President and General
Manageri—and Assis(»nt -Secretaryywlfl toe ■ locatedtbe:''.Railway
Exchange,..Cbipagq, III,
*,
'
1
The Santa Fe Skyway,
Inc. was organized for the purpose iof •
engaging in "concract " air transportation.
'
.
!
;
Fred
G.
Gurley; President of the Santa Fe, said the affiliated
company will offer
specialized contract air service in the general v
'
_
\
Sa'.es
i
Ray W. Kinzie, Secretary-Treasurer; C. W. Bish,
H. G. Brandt, Assistant Secretary; G. P. Chaffin,
'
.
on
W.
G.
3 Mos.End. Mar. 31—■
^
-
or^aniSiiuon of fe&ata re sskyway, Inc.
with the foLowing oil'icers;' ^1, R. Lake,
Jr., Vice-Piesident and General Manager;
taat
May
announced
completed
2,040,435
: 2,043,672
' 137,285,076 131,008,96L
—
Atlas Powder Co, (4Jj Subs.)—Earnings—
.
earnings
Gauge
48,552
3,095,458
-9.484,511
Total : ...*....—.—370,445,508 425,325,0^5
with respect to securities of other
,
c-;;,■;
Atchison Topeka & Santa Fe
■
^
,
„«
-
_
1,554,718
'
2,984,540
9.503,394
♦Does not include guarantees
companies.—V. 163, p. 2431'.
series (par $50) at $51.50 per. share
plus dividendd and 20,000 Glares of common stock (par
$2.50) at $24.50 per share.—y, 163, p. 1855. '
.
Wrnks & Electric C®., Inc.—Output—_
*!'^wer "nutput of. the'^ electric"^properties'^^ this coriipariy ior xhe ;
week ended May 4, 1946 totaled 73,160,000 kwh., a decrease of 18.1% ,
under the output of 89,272,000 kwh. for the corresponding week of
194b,-i-v;.. 163,-'p. 2431.:
•
:
-t
-I
1
t
.: i
American Radiator &
.
'ferrfed stock, 4%-%
American Water
,,
1414.
p.
54,145
51,285
,■
Appropriated surplus
a
163,
t
surplus
Earned surplus!
'I
,>
259,302
981,718
.
application under .which
•Co^-on May 9 offered 30,000 shares Of
;'V
President;
-
Unearned
v^
'
017,000
Share—1—r.__I_r.
per
■
,
7,688,671
payable
Other deferred liabilities*.
Unadjusted credits
'
Equipment Corp. — Stocks Offered—A syndicate
headed fey Central Republic Co. {Inc.) and Reynolds &
461,000
154,103
-
■
..
*
/ Net profit ——.r—Shares outstanding*ri—
•Profit
40,649.922
Hanover Bank &
cilities.—V.
i,
•
Accgued-.taa/41abiKty-.**_^»l—';:J»,097,534
Other current liabilities-—? 1,327,769
Aro
Reserves
Excess
-
3,872,394
upheld by unanimous
6.
balances
riiatured .unpaid———*
Interest
12,491
$281,798
266,701
$136,091
* "r" '
■
1944
.
$4,762,417
3.965,972
138,550
125,171
*—
7
y.:y
1
$140,496 -V
expenses-'
Other income
,
'2430.
$3,145,388
2,487,076
2,049,562
374,182
76,256
—
profit*.--;,-—£—J-*-.
Operating
'
1945'
.
,
$2,636,091
—
Selling and adv. expenses
General and admin,
$1.45
1944 only)
States'Guage Co. Since April. 1,
3 Months
..
887,331
Metals, Inc.—Earnings—
American Machine &
{Including Profit of United
an
7 005 523
4,087,589
226,647
Dividends matured - unpaid-^--—
50,863
Unmatured^^ tefaerewt^^ accrued-^.ib,1.** 834,832
service
car
accounts
Miscellaneous accounts
party to a loan agreement dated April 40, 1946 with
"Trust Co. of New York, under which agree¬
ment
Arkansas will borrow from said bank not later than July 1,
1946, $5,000,000 through the issuance of ten serial notes.
The serial
notes will be uniformly dated as of the date of-their delivery, will
mature bar aggregate principal -amounts mi $500,-000:4a teh semi-annual
installments, commencing €6 months from, their date and continuing
consecutively, semi-annually thereafter, aud "will bear interest frpm
that date at the rate of 2% per annum, payable semi-annually.
This transaction is part of a program designed to raise $8,625,000.
The
issuance and sale of $3,625,000 of oommon
stock by : Arkansas
to its parent,
Electric Power & Light Corp., has been approved by
order of the Commission entered on April 11, 1946.
• •'
Arkansas proposes .to use the proceeds of this loan together with
the~proceeds from the- sale of its common-,-stock i 1 ) , to- pay -aH of
the company's promissory notes presently outstanding in the aggre¬
gate principal amount of $2,500,000, due and payable- July 1, 1946,
aud
(2) to finance, in part, Arkansas' program for the construction
of new facilities and extension and improvement of its present fa¬
Arkansas is
_
Central
$1,285,154
$1,202,685
1,083,893
' 957,106
per share—1.
$1.93
' * $1,23 *
$1.26
depreciation, interestand other charges.—V. 163, p.
1,140,718
with the SEC
-7,005,523 v
3,124,187
has used the trade name and emblem en toilet
and on paper towels since 1933.—V. 163, $>. 894.
has filed
follows:
1,000 000
v^V: 168,500
'
y
3,373,308
„
-,
company
it proposes as
•
-
shares-*.——
Earnings
.
of
number
aion
■$1,332,824
$2,219,214
Consol. net- profit
•
May
■>Km
a.28',543'862
and
Audited accounts
Arkansas Power & Light Co.—Note Issue—
,
\
'
fere taxes^-.-^.ri-% $4,325,294 " "$4,'247,918 ; $4,165,482:;-$3,968,58l;
Fed. and. foreign income
' V " :
*
'
and excess prof, tax2,106,080
2,915,694
'2,962,797" 2,683,427
•.
"
Aver,
Court 011
Supreme
■'
capital stock-—J
on
i
81,342,700
1,000,000
(Cr)„1,831,797
.The paper ^company
'.
1043
1944-
S.
1,301,850
payable*_J.—\ 1,078,658
and wages, payable"—-—a——
7,5 r0,146
Traffic
Accrued
"Red Cross" - and the
19C5. ■-;
paper sinpe 1897,
<&.Subs.)-r—EamingSr-
1945
>
U.
the
of
3,651,(010
2,383,412
81,342,700
———
i*-v' to
assessments
Premiums and
.
American
American Home Products
-
,
50,'062
"»
1,034,848
RR. Co. stock.
Preferred -stock.
Justice William O.
Douglas wrote the ruling which denied an appeal oL the Federal
Trade Commission-drom the Third Circuit Court.
»
'
By the American Cross Act of Januaiy, 1905, the Red Crossr^as
barred
as
an-advertisement.
An act of June, 1910, further made
unlawful the use of the Greek Red Crocs or the words "Red Cross"
to induce, the sale of an article, or for any, business or. charjtable
purpose,
other than the American National Red Cross.
However, a
proviso said the act did not apply to users of the symbol or words
decision
Electric
Ohio
•
to use the' name
company
233,661
370,445;508:425,325^65
*'
v
406,040
-
1,234,065
LIABILITIES—
stock; ——3
Cross" Trade-Mark
i$ Red Cress symbol; on its packaged products was
Electric €o.—Would Bid for Stock—
was held May 6 before the SEC on the application of
to bid for the common stock of .Columbus &, Southern
American Gas &
A
right of the
,;
Glass A Richmond & Petersburg
'
10,595,000
346;208
:;1Wtal,
WXYZ,
ABC
13,330,047
6,972,123
Common
*
.
-L_„l_._
:
1944.—'V. 163,
* -
$1^41,706. ;$1,778,904
$71€,42L::
163, p. 1999.
*.
and dividends'; receivable
Deferred assets
,
Sales
2,755,703
1,757,691
18,737,338
'^Accrued; »cown!« sraoeivable-
^«o-4-3 Mos.—1945
Period emd. Apr. 3u—
1,154,975
" 9,445,332
conductors
and
agents
Other' buiTeirt ;assets_—..i—
Up 42.2%'—
Angerman Co., Ihc.—April Sales
194e—sitaAin,
expands
from
18,047,184
27,224,209
suppliesl*
arid
Material
Jtotereet
—$126.879,770$136,003,776
1945 and $40,836,229 in
in
receivable
bal.
Net
$782,538 in 1945 «nd $896,985. in 1944.> t After
in 1945 and $661,435 in-1944.
§After. reserve for
(reserve; of
y18,767,550
l—8,640,489
1,792,383
:
Miscelianqous accounts receivable
10.896,724
12,228,778
>
....
———
1
WXYZ,
"
surplus'
307,373,827 338,415,566
2,000,000
■.'.587,396
■■
of Station
No changes in the management
approval.
to FCC
subject
Paid-in
Earned' surplus .since Jan.
(net)
Investments
2,500,000
/
4,386,400
no
ASSETS—
15,387,527
70,303,037
20,961,382
1
($100 par).—
par shares)
stock <10,043,291
Common
local conditions, aat.at.ion
transaction also will toe
stations, in the light of
Grand Rapids, will be sold.
This
network
a
stock
preferred
cumul.
7%
Detroit,::
Federal;
right of
will retain Station WXYZ,
Broadcasting Co.,
American
for
Res.
.
the
payable to toanks (not current)
conting. (incl. renegot. refund)—
i
•workmen''^ compensation insurance—.
Notes
1944
8.481,310
3,386,391
1,500,000
1,024,690
590,032
Res. for
Broadcasting
wiiax .the Ma-..
BALANCE SHEET, DEC. 31
$500,000
$500,000
6,999,060
payable to batiks (maturing in one year)
Accounts payable and accrued liabilities,-J—..
Res. for Fed. income and excess profits taxes. ■
Notes
^
and
GENERAL
l^X^i
■LIABILITIES—
Michigan Network-which sup¬
Mich., and the
service to a group of Michigan radio stations.
-Vy;
The transaction is subject to approval by the Federal
tions Commission, and formal application for such approval will
made in the near future,
>,
Station WX\Z Detroit, is affiliated with the American
Co., while Station WOOD, Grand Rapids, 1s affiliated .
tional Broadcasting Co»,
' 1
i, v
•
•
*
J;
.
»
The
King-Trcnd.e corporation, as a wholly-owned subsidiary- of
plies
Monday^ May l3; 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &.
2574
company's
and represented 23.1% of total sales. ' ,
~
capital increased $918,373 to $12,281,418 during the fiscal
after $1,502,400 was set aside for -capital expenditures. Includ-.
-
.Working
year
lng this sum the company plans to
modernization
and iocreasing -the
spend $2,500,000 for rehabilitation,
capacity of some of the company's
materials and equipment
buy
1^486,959--< 22,619555, vr plants during the.next year if the necessary
9 B35
: 9B35 "? are obtainable, Mr. Haskell reported/ The company was unable to
2,470,281" 1,646,854
much, new machinery in the last few years, and the maintenance
and
V
«CT'
THE COMMERCIAL & FINANCIAL CHRONICLE
repair cost* qf old jm&chinery has been excessive: In addition, die 'said;
'first offered to3.common stockholders for
subscript
there have been. many, improvements in the machines used and there ty. tion at
th$ rate of three-fiftieths" of a 'share for each
~ar$ more."in'prospect,
-'yy^'y
y
■■--* '.V,1• (■'■>/, ; v
share" of coiiiihon held,: Fdrther details
Stockholders -will be- asked it -the?annual) meeting- Jurie
follow: /
r.
'*
California'Electric Power Co.—-To Vote
^
new" iijsue of $100
cumulative convertible preferred stock
par
tO;be;Aised:t^;ipetij^ tiip j?reaentlyoutstanding
preferred,
••
,
59,862 shares .of $4.23>-. V
special "meeting; of stockholders has been called for May 22 to
a plan to
refund the first mortgage 3J/aS of 1968 and to sell
169,636 additional common shaies.
1946
Bank of the
CAPITALIZATION,
,
Net sales (incl. storage, earn.—excl.
1944
1945
-
■■•
following
Repairs And maintl
Unci, milk bot-
tie
replace, and
maintenance)
Advertising
85,778,249
-97,062,038
.
"and
case
1
^L'
■,
,t..
Interest
.
annuity premiums
selling and delivery, expense-
«
—
Provision" for depreciation»w^--il-2f-*\'
.
•*■■■"
'1^-—
Net income
Other income
1
I—
' *
■■'',<
■' ■.■■■',i.■,1
"14,348
•
6ohsoH(iated
1,301,083
Divs, paid
on
».>fii.
■■■■»„,"ii 1
pfd. stock of company
Accounts
Notes
.
■
______
not^^nd
Provision for
II—
169,273
•.
*
buildings
and-equipment
Real estate foe sale_uw—i———
'''
Deferred-charges-1
-••?■•■
Total
■yy
^
—
maturities41,570
;
222,489
?; Provision' for State ;ahd ;local" taxes-_>-—325,278
-Provision lor social ^security taxes- --—; ; - 70,685
■'
Provision- lor. Federal capital stock taxes;.--Provision, for Federal taxes* (netiw»^,-,
396,260
(current
and. for
,
.
-.
-,
-
-
.; £
^
*
Total
/
amounted
of
,
,
-
•
mon the,
-
■-
from
;
58,140
396,701
-
have used
this
.
stock.-
Such
fabrics from cotton yarns
past 1Q. years
approximately
country,
^"•Represented by 511,792
shares in 1946 *and 5.02,162 share's,
2432.
\
V"
no par
par value in 1945.—V., 163, p.
no
proceeds
yyy'\ %''\ ■ •?? ;>v y
y.yy-yi ^f.. ~:y':
stockholders
The
at
special
a
held
meeting
on
May
7
approved
iib-
standing
and from
exclusive
of
10%
tire
Tru6t
combinations of
|
subsidiaries
in
yarns
the
are
the
15 accounted
for
rayon
By
produced
yarn
far
the
approximately 40.%
,
the
of
New
Public
York
sought jjfor the issuanoe-'-of additional
amount not to exceed $4,000,000.
•
^
;The
eral
^urities^^
mortgage
to
Service
sinking fundi bonds,.3Series due J969,
sinking, fund debentures due 1969.
850,000 25-year 4%
The stockholders agreed to
■which
bonds
will
be issued
and $11,:
;r
...
are
to
be
of
of the. outstanding shares of the company;
/
"
;K ; subject" ta approval- % the Public Service ;
Commission.
Both the new bonds and preferred stock will be sold at v
competit've b'-dding: It was revealed at the meeting that three groups
have indicated interest in bidding oh the mortage bonds;-one group is headed byF. S.-Moseley & Company and the F'rst Boston Corpo¬
ration, a second group-is headed, by Halsey Stya'rt & Co., and a* third ,
group is. represented jointly by Harriman
Ripley and Mellon Secu¬
proposal,
The same groups are interested in
rities.
the preferred stock w;th the
interest
'..
■
V-V
.
..
.
*
,
.
'
i
plant
Wpahsion Hand working capital/'—V. 163,
p. 2152.
LOeb," Rhoadeo
The
riThe
on
.,
Laurende
be
to
M.
Marks
&
Scott &
2.000
5.000
Co.
G.
H.
Wertheim. &
was
4
May
on
&
or
60
directors
"declared
■
B67 '
second
;
P,
convertible second preferred,
The stock, priced at $104 per share, '
plus dividends from April 23, -represented the unsub¬
scribed portion of a new issue of 100,000 shares which
of
24 433
stock
as
shares
($100 par).
of 3Vz%
3.333
Retail
sales
-
1,793,509
sales—.
soon
NOTE;
company
by
use
radio
practicable.
as
the
of
"and
issuance,
company
sales
of
adjusted
as
since
shares
such
wili
shares
30,000 shs.
*650.000 shs.
+410,000 shs.
$40,000 shs
\
are
60,000
Outstanding
30.000 shs/
pfd. stock (par $50)
25 cents)
value. 25 cents) ^—1
+40,000 ShS.
.
for ^Issuance upon exercise of
reserved
for
&
not
Of
shares.
these
the
410,000
conversion
of
the
are
,
company's wholly owned
"
*
^
-
now
13,3331/3 warranto owned by the
include
can¬
shares.owned by Blythi
being offered.- JDoes
shares, 95,000
and Union Securities Corp.,
Co., Inc..
(par $1) and 133 1/3
to 30,000 shares of $2.60 cumulative
$50) and 650.000 share" «!f (""n-ncc
stock (par 25 cents),.
No. shares of Class A stock were outstanding at
the time o? the reclassification/ In carrying out the reclassification
the 133 1/3 outstanding fehar.es of Class B stock were cancelled1 and
be-.
special
stock
pari
(no
nre/erred stock
(par
the.shareholders.thereof were issued a total of 40f).noo rhcre«: 0* the'""**' ;
egmmen stock and warrants expiring" Dec. *31 1949, entitling the hold¬
ers thereof to" purchase 53,333 1/3 shares of common stock at $20 per
share.
March 26,
On
1946,
the company
sold for cash 30 000 shares of
preferred stock at $50 per share and 110,000 additional'shares of
and with a portion of the proceeds
outstanding capital stortk of Scr*~ •
/
cents'per share-
7
-
and
dividends
puts
7
compared '!
=
^
of
,
$1. per ;
4>f
Record
top.
Co.
owned
which
notes
common
7
*'•
''
'
and
termi
4V2 %
from Bank
These
notes
were
*
-
OF
SECURITIES
BY
THE
COMPANY—During
th(€ company issued and sold to Blyth & Co., Inc., New
shares of $2.60 cumulative convertible preferred stock
and
$50 Y,
preferred
to
Union
etock,
issued
and
sold
to
Elyth
.
(par £5
cento),
and
common
-stock,
-.and
Quackenbufh 10.000
to
1946.
Corp.,
being
At
N^w
York.
15,000
shares
at $50 per share, plus divi¬
the same time the comnanv
& Co., Inc.. 47,500 shaws of common stock
Union Securities Corp. 47,500 chares of said
shares of
common
issued
stock
each 2,500 shares of
and
and
to
fold
to
John
W.
common
stock,
S.
VP.
Griffin
all
such
bcinsc
and
sales
1,
contemporaneously
C.-Mfrquardt
Inc.,
Securities
such
accrued * from" Jan.
Ro"'
"L
stock
short
,
on
SALES
1946,
York,- 15,000
said
*?
dends
$13,459,515";- $5,713,072 $45,132,007 837,741,338^
of
1946, at an' interest rate of
National Trust" and Savings Association.
RECENT
March,
and
-
expiring April 14,
of America
paid oh April 1, 1948.
(par
shares
;
<:py,
borrowed $300,000
'Gif March' I, * 1940,• the,, company
of
1946—4 Mos.—1945
$8,356,971 $39,229,215 $32303,556 1
/
1,356,1017-; 5,902,792
5,434,782 «
JOO.OOO
.13,333 1/3 warrantB of the company.
v.-pre
fe.t the price of $16 per rhare.
The setos to Blvth & Co.,
Union Securities Corp. of both preferred and common (took
the company pursuant to an agreement -dated Mirch
made by
second-class matter Februair 25. _1942;^at the post office at New York. N. Y.. under the Act of March 3 1879
Subscriptions in United Statw"and Possessions. $26.00 per vear;
$27.50 per year Sotath and C<entral Amerlica. Spain, Mexico and Cuba, $29.50 per year: O^f Rrito'n
^^ntinentol Europe (except Spa'n). Asia. Australia and Africa.
On account of the fluctuauons in the rates of exchange, remittances for foreign subscrlp tlons and advertisements must be made in New York funds.
Canada,
Air the
The
for
$1,970.003
30,000
as
feseryet
sales
Combined
/Vri63;^. 2001.* '%
articles-
Capitol.
name
transcriptions
(par
sharer, of Class B
2288.
£11,666,006
similar
and
the
to. dissolve (Scranton
conv.
stock
couv-erfible
30r^'"-K-:-;'' 1946—Month^-1945--.'K••
-
under
capitalization from 25,000 shares of Class A stock
*11000
r^yyyy:
•
name
in
its commpn 'stock at $16 per share
thuc obtained'it acquired all of the
Butler: Brothers^ Chl0ag:a-TSaI(3s Increased-—
Period End. Apr
Wholesale sales'
(
phonographs,
sold
-are
reclassification,
warrants
such
preferred«■.stock,;■
name
Company's
NLcte—By resolution of the board of directors and written consent
cf' the majority of the holders of outstanding shares, the articles ot
inccrpcraticri were amended in March, 1946, to change the authorized
the-4%-.preferred stock;. 87,V^cents*.per.,.fhare.ojv-.the.2^'Jky:
preferred' -stock«and a
fractional quarterly dividend, covering the
period April 23 to June 1, of 37.cents, per. share op the ?.}h% ..con¬
-
1942.
1,
fts subsidiaries also sells (it wholesale phonhome-recording dies, record storage albums, record
subsidiary, Scranton Record Co.
of .cornmon.stock outstaiidW *
quarterly
June
on
intends in theinear future to, dissolve .Scranton. Record Co. and to
announced* on' May .7/-At-
r
now
been
and
cel
share-on
vertible
has
past
$50
$50),
stock.: tDoes mot include 100,000 shares owned by the
company's wholly owned subsidiary, Scranton Record Co.
Company
1.333
a quarterly dividend of 50 cents
payable June 1 to holders of record
regular
Inc.,
r*0#; which 40,000 shares' afe
the
5.000
'
at
(par
(par 25c),, of which
offered.
preferred
5.000.
cents annually, river the March dividend,
anniial dividend basis of $2 i)er share
also
the
in
products
cum.
C<?mmon
.667
Corp.____
a
shares,
gto^k
stock
through
needles,
reflect
$2.60
.667
//
at
30,000
preferred
Authorized
.-667,
stockholders
cash
being
"|CAPIirALIZATTON---The- capitalization
1.333
-
$1 per share at: June I,' 1945;:''
(The
for
common
'
.1667
Co
May 15. .This dividend represents -an increase oir 15
the /stock;on-an
sold
convertible
Records,
recording' blanks,
It 4s. intended,
to
1J33
voted
stock,
cumulative
Scraptoh .Record Co.*—_
^ :
common
it
or
Scrantori Record ,D-Stributirig Corporation.
5.000
:
Co
Split-Up-rthe
53,333 1/3 shares of common stock at $20
before Dec. 31, 1949.
Later in the same
on
Issued and
Capitol
Warrants J stated
Co.^___„
Securities
Walker
1946,
Distributing Corp.
The $2,000,000 paid by-the company for the stock
stock of; the two Scranton companies will be allocated on the books
of the company as follows:*
"
5.000
Chas, W. Scranton 4c Co-/.Union
3.333
March,
outstanding stock, 400,000 shares
entitling the holders to
warrants
Purchase of Scranton Companies on March 26, 1946 the company
purchased for $2,000,000 the stock of Scranton and of Scranton Record
1.000
Corp,-,-.-.
Stringfellow.:
-
company'has: recently, acquired all of the outstanding stock
Scranton Record Co. which is engaged in the business of manufac¬
turing records, and ;all of the outtstanding stock of Scranton Record
Distributing Corp., which is engaged in packaging records in albums.
DividendunrComjuon Stack—.
directors-
quarterly,
;
are
of
'
Peabody & Co. and associates on April 25 V
April"30
on
(par 25 cents)" at
stock
The
1.000
Schwabacher &
held .next; month,
;
ing by Kidder,
.
Stock Of-
~
dqte is as follows;
Mitchum. .Tully. & Co._—
..
to
to
-
4.000
the directors
$2,60
its
and
1333
splitting,the cqnimoa stock on a two-for-oue basis
by
of
company's
s
l'eoord M^y.-15.^—V.163;
Burlington Mills Corp.—Offering of Preferred Stock—"
Mention was made in our issue of April 29 of the offer-/
of
presently! is also recording electrical
stations, /but. these have pat
5.000
Dean Witter & Cq.*2.000
• Weeks/i^iW *2.667 ^"7';;'
• ;
'
%
share on the common
with
*
stock
common
25cV,
of
any time
company
racks,
&
Reinholdt 5c :Gardner___"__L. F.;Rothschjld &,Co.^
-
per
*
."
■..
*
aggregate
business
cgraph
■
posed merger,", ahicit would "facilitate a. refinancing operation where- v
toy sufficient funds niay be made available to refund the outstanding "
Indebtedness cf both companies, as well as to provide ^additional funds 11
for
M.
Mellon Securities
March-30,/1946,'there»were- i;718>876 s^
ingr
ahnuWl
;
The shares
'(par
company
changed
'
,667
1.333
meeting:
:
1945":
1946
$7,425,000- $8,713r©00
;7-
ite's, and other music not classified by the trade as "popular." In the.
year
1945, approximately 90% of total sales was derived from sales
pf -recording? of - popnlar;music.
^
.
1
.K.
per¬
J
Co.
;■?:
.667*
& Co.__________
.Increcscs
u3
...
.
recording of phonograph
and, through its wholly owned subsidiaries, the distribution
arid sale of records throughout the United States.
Company's record¬
ings are principally of-popular music.- It does, however, make rec¬
ordings of folk songs, children's stories and songs, hymns, old favor¬
Percentage
Lane,. Bpace .arid
Inc.,
Putaam & Co—
submitted
'meeting :of stockholders' held on." May 8 adjourned, ,to *
June 11; when holders will vote on the plan to merge this company .
with the Edward Gv Budd-Manufacturing Co. Edwai'd -Cr. Budd, Presi¬
dent
said prospects of the company "are greatly enhanced by the pro¬
The
Carl
.332
Plans 2-for-l Stock
Budd^Wkeel Uo.-—MeetingvAdjfiurned—
;
Co.___
Co., Inc.-.
Co.,
.
5,000
iPians-Jbr-
^
I
.
.
.
records
'
•
V---'
York.
stock
the
principal
purchased
Pacific Northwest
Hbrnblowerib
In .addition, Otis & Co. has ind cated ;
in-forming^^a-group;to -bid( Oh.-tiift preferred ; stock.—V, 163*;:
pi 2432. /
be
5.000
Jnc,•
exception of Halsey:Stuart & Co.
■
to
White, Weld &
Hallgarten & Co.^_
2.667
-Harriman Ripley-^7.■■■■•*. rWworiBn-Co'.i4^x_r_
^
March
at
was incorporated under the
.Liberty Records, Inc., April 0,. 1942, in California. Company's
t
Goldman, Sachs &• Co.1 5.000 "
financing Plan js
iThe
and
Glore^ Forgan & Co.__/-_:_.
-voted approximately 73'?«
ip favor of the
stock
Merrill. Lynch, Pierce, Feriner
& Beane.—
Fahnestock' & Co.-/-----The First Boston Corp.__'__
Fplger, Nolan Inc.____i'___:
incorporation to provide authorization for 150,000 shares of preferred stock, $100 par value, of wh'ch 100,000. shares
issued in connection with-present financing.
Stockholders.;
of
be
underwriters. and' the-
preferred
Inc.—1.000
cumulative
will
ot 'the
1.667;
Clemenji Av EvgnS'0c,Co^rSi
s
'
Higglnson.Corp._and associates
New
share,
wa.s
,
Estabrook
designated as first mort-"
bonds after May 1. 1947, the maturity date of a present issue
$6,000,000 non-callable first lien and refunding mortgage bonds of
series A.
Stockholders also authorized an amendment to the certifi¬
of
investments
BISTORY & BUSINESS—Company
of
consoli¬
Eastman, Dillon & Co
I,
end
By^Traffic Earnings-
11C,000 shares, at $16 per share, of
95,C00 shares of common stock are
corporation' "and ' its.
Johnson.
Oscar Burnett
gage
cate
names
convertible
,
Co.,
share at
per
.
follows:
as
R./S. Dickson
the exedution- of a hew mortgage under
which
unsubscribed
are
Davenport & Co._—
,
the
agepts, Batik of America National Trust & Savings AssoAngeles* and National City Bank, New York.
Registrars,
Trust & Savings Bank, Los Anegeles, and
Guaranty
L01
mdnth,
greater
A lex. Brown & Sons-.-a—7
bonds in an ,
'* >
y *
he Called ;under^^ the plan include $29,240,000 iien«» ; s
on-
quotations,^
since
in
Dominion
$31.00
per
cf
year,
'
■ v
the company's investments.
company's
riiade in
Kidder, Peabody & Co
9.500
AUchincloss, Parker & Redr
path - 3—1.000
Bqcon, Whipple & Co-—.500
A. <37 Becker Sc Co., Inc.—
1.667
Blyth'& Co., Inc.
5.000
mortgage
new
.
Percentage
-
consent
Lee
—
common-
per
.
total
yarns.
The. business in which the
engaged is highly competitive..
are
UNDERWRITERS—The-
Comm'ssion will be
the
that
•
cost
■
purchase an
;
United
r^yon; ysjnF/qr : epmbinationsi^y&n<j,; ere/eoldr-i^ /tije ^reig^
centage. of
,
the
company issued in. cancelation of
.
by each
gage bonds in the amount of $30,000,000 and an .issue of preferred
6t_bck of $10,000,000,
'
;The management also pointed i out that a term bank loan of ap^
proximately $1,000,000 may also be a feature of the refinancing and
computed
market
FEATURES RELATING TO SECURITIES OFFERED—In
of
the, corpqr,ation and its subsid-
of the
cord
.
.
of
average
.
Transfer
Of the cbnsolidifted bbt-sides'df -the^'cbrpdrationranZLiis-SuhsMikfi^s
In the fispaliyear^lS^S. approxitaately 82% .was
represented .bv sales
products,"-approximately• J2%■ by hosiery/approximately 5% by
cotton yarns, and;approximateIy 1% by: commissions from "-dyeing and
finishing.
7
',
a
—
■.
outstanding
47,500 shares are owned by Blyth & Co., Inc.,
and 47,500 shares by Union Securities Corp.
.of"woven
.
•
of which
women's -and ohildren's
financing, plan which includes refunding the presently out¬
mortgage bonds and debentures with a new issue of mort¬
proposed
1560.
$19.50 per share.
-.women's
^Brooklyn Union Gas Co.—Financing Hah ApprovedTr-
value
their
offered 95,000 shares of
A complete iirid"-Mrwdmeh's' 'and men's hosierr id produced; including
full-fashioned /and .seqmles^-^hosiery:,
^fnejFai-half:/iaotepaand;
anklets.
ii;/;;:; /1-/
:Bowser, Inc^—Preferred Stock Offered—Blair & Co.,
Jnc^^n Mar 10 Dffered 200,000 shares ol:$1.20 cumula-:'
tive preferred stock at par ($25), with stock purchaser*
warrants for* the purchase, of common stock attached-^ :
V; 163, p. 2432.
■'
quoted .market
1946, exceeded
fered
principally ' to converters in New Yof-k City, and subsequently resold
byr -these converters • to; the -finishefi state to the cutting-up- tradea
which are largely centered, in New York City,
.
,•
net
-
added
were
corporation and its
net / sales.
or; spunyv
^
.
• •
•
..
1S46,
Capitol JRecords, Inc;; Hollywood, Calif.
.
^;;#,^^:^i.^::^::j$2)9,268,oO9: $25,939:950 '
Tota^;
•
Increase
a Days Ended April
earnint-s-u__-,u_--u.__-._.^_-_-._-________,_-,
y, 163,"p,"2432.
principal woven products in -the women's wear field include
lingerie; fabrics - of-'all types, linings, -arid- a • wide • variety ; of dressfabrics and suitings.
Men's wear products include fabrics for summersuit's, linings and sports wear.
Suck products are made from filament
-1.
further
a
Traffic
^
The
■'
company on March 31,
with securities valued at
basis
Canadian; Fa cific
United
subsidiaries
>
:
t-'v-
'*1
by more than $4,250,000, ex¬
clusive of profits realized
during the first quarter of the year.—V. 163,
p.
of wbvexi '-and
from'.rayoii, other synthetip .yarns and, bbmbinatinns;
and, - to some extent,- in the manufacture arid sale of
nylon,
dated
,
.\V
^
'
share
The
States, althohjgh. the corporation, has- reoentTy made- rela¬
tively ^mall investments, in, weaying and knitting ,plants, in. operation
or'undef. 'doristruqtioh inYCariaaa/.Cuba, .Mexioo. rcbioinbla arid Australia, tbe output of which is sold in foreign countries;
In the -fiscal
year .1945
the products of the corporation and its subsidiaries were
sold to approximately 725 customers (other than United States instru¬
•.
saving_
Citizens National
the
;
substantial
than
31,
persons
part of the-sales of " the corJx>ration-arid'1, its sujosidiaries are
^
the
of
$13,546,446, reflecting
c'ation,
in
41;576
207,991
291,409
60,896
"A
:t•'
further appreciation in the market value of
fabrics
States.; .Uv -eacb. qf the
5,816,943
Earned
preferred
the trade-mark BUR-MIL. .-Corporation and its
largest'producers-of fabrics made from synthetic
••■•5Q,67T-{?;
-.•(
3Vi'/c
holders.
asset value was
13.7% higher at the end of March,
at the end of 1945, being due in part to the
changes-in
compensation offered by the directors and management and approved
by shareholders at the special general meeting, and due in
part to
1940, the^corpohatiomreceived 64,920)fKto,from the AalA.
of
to
1945..
Per
1946
ssubsidiaries, the. assets
profitable textile concerns at an
stock interest in,
take
to
—•
'
light of the present low —
would be failing in its duty_
advantage of such market,"
it
.
its past policy of- enlarging its .opera¬
increasing its earnings, trie corporation
cf
assets
net
liquidating value
a
'V
Presi-"""
Canadian Investment Fund, Ltd.—Assets Increase-—-—
con¬
second
■
-
cotton;yarns/and other yams; the principal products include a, highly
diversified jine- of women's and men's wear fabrics, household
goods
and. hosiery, - Certain of the products are advertised and sold under
;■
5,986,200
-
■'
not
letter
a
V'S'*''-:
-
funds of the corporation.
cotton yarnsr and
£
;
12,554,050
atncfc -'
Common
for;
convertible
did
it
in
Cage,
the
proposed new issue."—V. 163, p. 2001.
-y
expected
"66RPdRATi6N'''AND^SUBSIDIARIES—The
and
^
12,794,800
surplus
7,475,380
Deferred liabilitiesv ,-^1^.1;.^-.-*.——^,.—29,070
': y .-.396,701
*■
.
with
if
out
Albert
'
in
7'.
$2,000,000
interest
sidiariesare- erigkged : in; the' manufacture" and' Sale
5,986,200
preferred. «tock^~*iw»:!—- -
substantial
a
.285,547 ;
71,193 -v•>:v61,576;>?^
mentalities) of-which
—-
Defered--income
be
pointed
100,000 shs.
become
may
stockholders
Cage
services,
-
.
directors, feels-that
market for public utility bonds,
knitted
*324,336 *
199,502
Accrued wages
$5; cumulative
such
as
of
company .about
charges and general improvement in the quality
all the company's securities are
anticipated in connection with the"""
.
»1,719,976 shs.
resemd
for its
,
board
the
Mr,
'
to -the. general-
$29,268,009 $26,939,950
-
initially
corporate-purposes" are
of-50,000 shares
>
:Accounts^ayable^;U£-i^ii-^w^^ii^-^»----;i^lv4S8.383 a$l,l28,249
Purchase contracts
v'
rapidly growing demands
announced, (v;
^
•
;
;
•
in .annual
;
of
.
'•
1
its
iaries
■
50,000 shs.
.
will
general. funds 'and
Da February,
Cr483,933
129,826
551,777;
12,335-541 ^-12,288.322
113,278
112,030
tax *<est.)
(less-^deprec.l
-
the purpose
183,775....
J19.23Q- * ";
*3?i,9R0 < 5,046,962
U.*S.* Government securities
; 1,502,400,
Other Assets; ^20,204 '.
.234,099
Band,
.
. -
^
T—.-
Post-war refund of "i'edi exc,- profits
to
■/
-
-
to net the
meet
"The
money
150,000 shs,./'
•
subsidiaries have acquired during recent
not affiliated with the corporation or
any of it
3,888.138v-v
Cr421,777
••
.
-
.
250,900
•,
1
Consistent
and
$4,075,212- ;;
*4,133,195
(4,109 383
354,205
icontracts, receivable—^.-
doubtful, accounts
Inventories
-
tektile" field."
1945"' •".
>1046'
receivable
receivable
Equipment
c<
-r
•
>
-
principal plant at Sherbrooke, Quebec, and Steele
Manufacturing Corp.
(Plant No: 48), phenix- Mills, Inc.- (Plants Nos. 4* and 50), Flint
^ Manufacturing Co. .(Plants Nos. 51 and 52) and Genera] Ribbon Mills,
Ine.c And Companies ;«,fliljat«dv
theresjdthv; (Rlants, INoa; 55 try 62, .jin-v:
elusive)! ' '
'
*
'
'
-"
1,303,856$3.24
CONSOLIDATED. BALANCE SHEET, FEB. 28
w
;
/
M,744,497 ^t aggregate net. cost of approximately $5,000,000.. Such concerns were
441,448;
Dominibh/Burlirigtbri Miils,'Ltd., a" producer of rayon fabrics with its
_
pro£it"after pfd^dividends!-Vr;' --2,172,978 .1,486,206
Earnings per share on common-^; - $4.24
,52.96
I
1
,
n.u.vv^
tions
,
1,816,379
330,174
to
dept.
"
of approximately $2,000,000. for additions arid
improvements to plants
and
approximately $6,000,000 for
new
machinery
and
equipment.
r Corporation also contemplates that additional expenditures will be
made
in
the future for acquisitions of businesses operating in the
276,486
: 268,370.
"2,427,428
* 254,450
*
5,020,012. ' ;
5,033,009
Net
ASSET^—
FINANCING
part of the corpora¬
applied to any corporate
to include, among
* other...things,/expenditures, of ..approximately $8,000,000 in
1945 and
1947 pursuant ,to a program for additions and
improvements to plants
/o?, and - equipment'. ' Such program presently contemplates the expenditure
tion's
*6,117.428
,5,301,379'
5,296,497^1,549,0001, 1,111,620f? ^v 905.280 yy
'2,141,000
2,637,200.. 2,940,800^; ;;
prof, taxes :" '
Cr263,72Q . Cr294,080 /■»
profit L—_1„
'
purposes;; .Such,
of,'or
net
PRESENT
,pfd.-;etk./.(par $10Q), issuable
in series
I_150,000 she.
3%^ conv. second pfd. stk
Common stock: (par $1.)i«l>.4
L
; 3,000,000 shs.
-
81,049'
.7,689,433
3,211,587
Total income ♦a-ww
Normal income and surtaxes--—5Excess profits taxes
*—•
Post-war tefund of *xc.
1,^.
preferred stockt
302,030863,433 H '.v' PURPOSE—Ne;t proceeds
365,269
'5,818,434
•;
298,995
Tne financing, plan is expected
..
,
Authorized;/ 'Outstanding
(par $106),: -issuable'*;
preferred stock.-
•"""" 7,084• 45,193
93,610
90,681
9,643,926
8,832,152
4,605,831
3,826.394
^1,094,684 ..".1,327,587
National
;
■■
.
v
Second
■
' " 930,913
981,457"
.
expense
-.»
k
.
404,102
Taxes
administrative
3
..
498,591
*
Other
-
2,887,135
2,409,20(h !;
"Exclusive' of: 200,oobv shares of common stock
770,310".;
422,162 V
!'437,938 " ' •'345,51'4 ■ .r1 version, at the initial conversion rate, of the ZV2 </o
3,966,046
* 933,639"
.
;
Retirement
TO
-:y
tv4^('pref<erred-'Stocfet.««i.Vl.Tci:J-.i£-i.
.
Rent,^_:
Other
v
-
can
.
Insurance
stock
EFFECT
*•
'
64,647,549 V:
,
pfd;
'
'itt-'eeries1-
:
»
,
sales) .J,
125,110,337" HO,*325,031 106,507,404-*
of sales -;<«xcL port,-of >;«xp6.,
».*
v,*-..
v- v-,-» >'
<'
;
,
,-«7.-.jr:
.
.
inter-compa^y
v
Cost
-
Registrar: ' Chase
».w
GIVING
c> r*r
.
Cum.
,
:*York Tru&t-
j
,
.
Clty'af-.New/Yoi-k.
—
consider
■
•
.
...: V;. CONSOLIDATED • INCOME STATEMENT
:
Years Ended February—
>
.
frahfifet;. -agent/ New
t
a
Refunding*5-*
on
A
"
,
approve a
25/5
was
..
,"..
■
'■■.•
,!■„.■
,.
>;. J.. JV .Vy>; .•V;,;.'
' '■ ■:.-;
.
.''j::','
■■>■
■
'
V-.
Union.-*:
,i^ n»
,1//).
•r.iitJ-Wnt>>i<<i.t)>i».,,wwli.<to»,.««>wt,t*w<>,
*»
>!,,'■«*»
.; y-
'
-J
,
' V •
and.Kidder^Peabody^&'Cq;'bidt'$1011/a^for'fa!$3.50;.dIvidend;;lefl8
1946, between, the- , company! ftnq ,Btyth-& > ■ Co.Inc-v^and*
i. compensation of $1.70 a
Corp.,:- hereinafter! fof?Convenience
referredi, to j as vthe.tyt
Common - Stock Offered—The First
purchase agreement..:'
.
'
1 l'r ft
„
The company, hasbeen .-informed by Blyth SrCo.^Inc., and i Union ;
associates on May 10 offered 373,832
13,
I»
Securities
Boston Corp. and
shares of common
jail.
V»U
,a
mwvuov.u.nuui ;
r,V?
»
.to $22,484,149 at Jan. 31 of this year, an increase of $7,507,908... Com- VtAbined-
marketable
and
cash
securities
increased
from
$11 740 312
the 30,000 shares of $2.60 cumula-^
$20,033,298. During the year
company
Stock (par $10) at $28 per share.
The issuewas award- ^ obligations in the net; amount the $4,826,586..also reduced its long-term
with a View to the resale thereof at
of
:ed May ,7.
■
.
private sale for investment and not for, distribution, and that prior •
:,;cC
...
Vv/ CONSOLIDATED INCOME" STATEMENT FOR YEARS ENDED JAN. 31
to
April
30
1946, all of the
30,000 shares have been so sold at
On. the common stock sale Central Maine Power had asked bidders to
1946
« 1945
1944
name
the smallest number of shares for-which they would pay $10,^51: per share plus- dividends,
or an aggregate of $1,530,000 plus
Net sales—lncl. sales of leased depts.$100,672,l87 $76,721,832 $67 898 670
dividends,
'
000,000. The Frist Boston Corp; and associates named 373,832 shares.
Cost of goods sold
64,708,299 49,139,194
43,612,278
Blyth & Co,, Inc., Harriman Ripley & Co., Inc., and Kidder, Peabody
PURPOSE OF FINANCING—The proceeds received by the company.,
that they;,acquired
Securities Corp.
preferred stock
convertible
tive
':
ta
'
'
:
—
•
from
the
Sales
of
securities described
by the Company"
of
sales
Securities
under the heading "Recent
and the application of such
Proceeds from
proceeds from
.Total
—ft
;
•
estimated
Less
ft—**w*
x
163,
2289.
p.
Gross profit
$35,963,888 $27,582,638 $24 286
sales
on
392
'
Income-from
broadcasting and adjustments for installment accts.-
1,019,464
.
981,739
706,365
$11,451,838
$9,206 039
presented to the State of New Jersey
payment on tax claims made by the State'
Total gross profit
$36,983,352 $28,564,377 $24,992,757
for the years 1932 to 1940, inclusive.
1
'
Sell. ' admin, and general expenses,
25,152,787 .17,923,507
16,408,498
The payment, was authorized by Federal Judge Guy L. Pake, under
whose jurisdiction the company is undergoing reorganization, on April
•"'.'Balance..-*!—$11,836,565 $10,040,870 $8,584 259
26, at Newark, N. J., in acting on a petition filed by Walter P. Gard¬
Other income;
1,414,822
810,968
*. 621,780
ner, trustee of the road, asking that the company,
which was forced
into bankruptcy in
1939 because of New Jersey's high taxation, be
Total
$13,245,387
check
A
$15,250,000
for
was
May 6 by this railroad as
-on
—
$3,260,000
J ft
66,100
expenses.
shares.—V.
383,141
Central RR. of New Jersey—Pays Tax Claims—
estimated are as foiiows:
»
/ft *^
■
V, / >■
■i,,}'
, '-ijj k^f
j -ft »*
sale of $2.60 cumul. conv. preferred stock__
$1,500,000
sale of common stock
i
1,760,000
proceeds as presently
JPROOISEDS
named
Co.
&
—
$3,193,900
proceeds to the company.
Net
1
PROCEEDS—
OF
APPLICATION
,
------
■
of notes payable of Scranton Record Co. to
National Bank of Scranton, created primarily
Payment
Pirst
J
,
Record Co, -v
-Par purchase of outstanding stock of Scranton
and Scranton Record Distributing Corp
—
2,000,000
America
200,000
150,000
improvements' and. fufnishings in the com¬
office at Hollywood—
pany's prospective home
Total
It is
increase
of
—
intended that the balance of
working capital to finance a possible increase of inventory
accounts receivable. ; No specific allocation of the balance of
proceeds has been or-can be made to any of these purposes and the
actual use of the funds will depend : upon circumstances as they arise
'J''
'
- •
- **•
COMMON STOCK
registration statement
covering (among other
securities)- the 95,000 shares of common stock offered by this Amended
Prospectus.
Such registration statement (as amended by amendments
Nos. 1,
2 and 3 thereto) became effective on April 22, 1946, for the
purpose of permitting Blyth & Co., Inc. and Union Securities Corp.
(herein under this heading referred to as the Sellers) to offer the
common stock to underwriters
to be selected by them, and is herein¬
after under
this heading referred to
as the Original Registration
:-.Statement,and' the
related prospectus is hereinafter under this
heading referred to as the Original Prospectus. The company thereafter
tiled a post-effective amendment to the Original Registration State¬
ment
containing,
among other things, information * with
respect to
the several underwriters selected -by the sellers.
The Original Regis¬
OP
UNDERWRITERS
■■■>;
March
On
the
under
tration
Statement
as
referred
hereinafter
to
to as
common
stock
2289,
ShftTCS! '
v
''
'
***
J
^ *"■* vT
•'
ftft
»ft
-
-
•
('•
*
•
'
'
'
■
J-'-
t
-
"
-
1 * '
*
^
* *
;
-
Blyth & Co.
-
8,500
.
.
————
& Co.—
Davis
Paul-H.
3,750
,
.
1945;
5
,
'
3,750
3,500 ,*;
-2,500,.
,•< 1,000.
1,000 v
') 1,000 ■
Selling,
gen.
and admin, expenses—
1,347,458
1,552,715
546,540
credits—.
before Federal
Net income
J
surtax-
23,850
18,800
199,550
73,950
normal
excess
and
tax
—V.
—
totaled
4,100
issue.
$13,948
(The) Celotex Corp.—-Partial Redemption—
31, next, $168,000
and interest.
Co., trustee,
Net
profit from
^$23,859
;
6,000
debt
Amort, of debt discount
and
!
expense—*
Jr
Other Interest*
'
Depreciation *——*!!
inc.
Federal
Net profit
.
tax
(est-.)-
——
—
636
145
219
22,935
-
1
4,556
——
22,873
68,853
r
,
v
$82,191
*$48,148
9,882
546
1,333
20,416
tCrll,125
$4,886
8,513
1
~
^
—
-
1943
$64,907
$185,806
15,000
opers..
Interest on funded
13,500
16,890
-
*$28,086
$25,313
$11,125 represents the proportionate amount
of Federal income tax which, it is estimated, will be recoverable under
the carry-back provisions of the Internal Revenue Code in respect of
the loss for the current quarter.—V. 162, p. 2012,
"Loss.
tThe credit
Central Maine
of
of
Power
and
Co.—Bonds Offered—An issue
$13,000,000 1st and general mortgage bonds series N
interest
by
a
was publicly offered May 10 at 102 and
syndicate headed by Harriman Ripley &
.
Boston
100.577;
W. C. Langley & Co..
miSr*'peaboiy & co-
10028^and
100 38'
Biyth
& Co
stwrt &
S:
Preferred Stock Offered—Subject to
prior rights of
present holders of certain classes of preferred stock under
the company's exchange offer which expires 3 u.m :
(EDST) May 20, The First Boston Corp. and associates
on
May 10 offered 220,000 shares of preferred
3.50% series (par $100) at 101.50 per share.
>
The
a
issue
was
awarded
May
7
at
101V2
less
compensation
on
.
$1.42
share in connection with the exchange of the new stock for outstand¬
ing preferred
stocks.
Blyth
&
Co., Inc.,
Harriman Ripley
&
the
Income
on
current
year,
that
Co., Inc.
from
100 000
'
IIIIZZ
.302410 '
operation
thereby
- •
. -
of
eliminated
such
!
subsidiary
balance
of
tAfter
loss—
deducting
includes
1946, at
(after
1944,
$53,368
'
of R.
in
^
'
H. White
-
Corp.
subsidiary
company from Dec.
19, 1944 and of Oppenheim,
Co,, Inc., and its subsidiary companies'from Oct. 20, 1945.-
«
receivable
BALANCE
from
SHEET,"JAN. 31,
accounts
customers
and
notes
(after
receivable
reserves
from
1946
$9,478,647; ac«
of
$724,686),
and
vendors
-
tenants
reserve
of
$10,000),
$296,246;
refundable portion of - excess
taxes, $9,421; merchandise inventories' (after reserves of $409,$9,798,237; United States Government securities and accrued
•
interest, $276,432; capital stock of a parent company (approximate
market value $613,250)—at cost, $177,025; mortgages receivable (in- j:
,
eluding
$266,710
purchased
through
a
parent
company
or
other
stock of City Stores Co. (520 shares of common
affiliates), $284,877;
stock
J
owned
by subsidiaries), $5,166; sundry investment
(after re¬
serves of $11,559), $207,520;
officers, employees and sundry notes and
accounts receivable, deposits, etc. ($10,000 due from officer of a sub¬
sidiary company secured by capital stock of a parent- company),
$165,146;
102
claims against closed banks
income
on
(after reserves of $2,680), $23,life insurance, $47,693; refundable taxes
(estimated); $1,390,000;
land, buildings,
improvements (after reserves for depreciation of $7,-
cash surrender value
958;
of
equipment
3%
held. In
operations
profits
371),
prior
and
of
.
years
494,752 and reserves for amortization of $327,757), $16,701,393; go®d ■*
will (carried on books of subsidiaries in total amount of $2,792,158), V
$1;
deferred: charges, $780,714;
mortgage
&
total,
$58,478,582.
\
'
r-
vj.,
-
„
,r
LIABILITIES—-Bank, loan installments due within one year, $915,009;
i
counts
and
note
payable
due
installments
within
etc.,
merchandise,
for
$628,309; ac- V,
accrued salaries*
year,
one
$7,461,952;
interest, etc., $1,688,307; dividends payable by parent
company, $241,260; dividends payable by subsidiary companies, $76,793;
Federal and state taxes on income—estimated (after deducting U. S.
taxes,
wages,
Govt,
:
notes
tax
nurchased
for
payment
due
when
taxes
such
of
$4,922,887; notes payable, to bank (npt cur¬
$3,586,000; notes payable to Bankers Securities Corp., a parent
amounting to $1,057,924),
rent),
stock at the rate of
addition 15% of a
$2,400,000;
company,
mortgages
(not
current),
$5,999,464;
commission
$80,000; reserves for redemption of trading stamps, self-in¬
etc., $1,148,155; reserves for contingencies, $890,000; reserves
restoration of leased property, $441,899; reserves for income taxes
payable,
!l
surance,
for
the financial "condition of
purposes)—esti¬
mated, $180,000; deferred liabilities, $403,448; minority interests, $7,-
on
sales
installment
class
366,442;
stock
stock
A
(deferred
profit
gross
value
(par
$5
for
tax
share),
per
$2,000,000;
total,
common
earned surplus,
capital surplus, $1,875,808;
$58,478,582.—V. 163, p. 1422.
$5), $6,042,005;
(par
$10,130,852;
Clark Equipment Co.—Earnings—
company as "definitely; solvent," Mr. Lorenz said
annual earnings at $1,500,000 before taxes and in¬
Gross
VJ
v.-"v-;'
r
Total
Cash
—
- .t-:
* -••
•-'V •
City Stores Co.—Sales
ended Jan.
issued
was
the
31,
to
sales reached
consolidated
new
high of $100,672,187 for the year
of $76,721,832 reported for the preceding
includes a full year of sales of the R. H.
sales
The 1946 total
year.
a
1946, according to the company's annual report which
stockholders May 7. This is an increase of 31.2% over
fiscal
White
Corp. in Boston, which was acquired on Dec. 19, 1944, but includes
operations of Oppenheim, Collins & Co., Inc., only from Oct. 20, 1945,
the date cn which City Stores acquired
a majority interest in that
-concern.:
Consolidated
amounted
to
net
profit
stock.
This
was
year
when net profit,
share. Before provision
for
1945.
an
totalling
$2,131,638,
to
amounted
$1.32
per
Federal and State income taxes earnings
totaled $10,467,291, an increase of more
9%
over the
$9,576,078 reported for the year ended Jan. 31,
These
earnings
are
exclusive of
an
adjustment, which was
the
than
".r
J '
-r'-':
the fiscal year ended Jan. 31, 1946,
to $1.75 per share on the class A and
increase of $692,489 over the preceding
for
equal!
$2,824,127,
1946
fiscal
for
J
$246,494
486,465
85,083
paid
allowed-
69,713
;
*
———
amort, of del.
emgency facilities—
.
:
.
'
cess
\ '
v-
profits taxes*—
Net
profit
Preferred dividends-—
dividends—
Common
Surplus
-
♦$417,699
22,407
178,212;
22,407
178,212
" -'
.
.1,775,000
$739,039
$517,022 :
'
148,552
'
3,982,000
$549,791
*' 22,408
,178,212;
V178,212
par)—
(no
$538,419
share
■'■Deficit,
*
237,616
'237,616
237,616
$2.08
$3.01
$2.22
*(.'♦»
•
-
.
«'1
'
,
,
"
•»
V1
MARCH 31, 1946
U. S. Government
(net),- $2,290,865; ' inven-
ASSETS—Cash in banks and on hand, $2,594,409;
$1,000,000;^accounts
securities,
receivable
$7,976,718; investment (net) in Buchanan Land. Co. (100%
owned),
$12,380;
land,
buildings, machinery/etc.,
at cost (after
reserve
for
depreciation
and special amortization of $10,605,889),
tories,
!1
total, $17,658,310.
LIABILITIES—Current
accounts payable and payroll, $1,437,764;
taxes, etc.—accrued, $211,471; reserve for Federal taxes on income
(after deducting U. S. Treasury tax notes of $1,510,600), $1,651,501;
reserve
for postwar adjustments and other contingencies, $1,000,000;
capital stock and surplus: 5% cumulative preferred stock (par $100),
$1,902,700; common stock (249,838 shares, no par), $4,996,760; capital surplus, $417,115; earned ,surplus, $6,336,824;
capital stock ^pur¬
chased for
and held in treasury
(preferred, at par 1,101 shares
(acquired at cost of $108,660), $110,100, and common, at cost, 12,222
shares, $185,725), £r$295,825; total, $17,658,310.—V. 162, p. 2143.
. , ■
$3,755,413;
prepaid insurance and taxes, $28,525;
Cleveland
Cincinnati
Tenders—
The Central
York,
N.
Chicago
"
Hanover
Y., will until
&. St.
Louis . Ry.-—
"r^ft-ftft ■> -7:' ;ft
Bank & Trust Co.,
12 o'clock noon on
1
trustee, 70 Broadway, New
May 20, 1946, receive bids
'•
fir
11
'$349,172
$316,401
237,616
Nil
CONSOLIDATED BALANCE SHEET,
year
->
,
22,407
*$618,318
—
Earns, per
s,
,13,829
142,246
149,436
,
Shares of common out-
standing
$3,171,978
457,681
84,880
**-—*
1,880,000
-
j|
-
150,071
;
Federal income and ex»
57,666
,
118,043 "
Special
1
1943
$3,114,312
$3,301,477 ' $5,431,306.
522,873
441,608
83,595
84,499
29,868
J 34,726
92,645
Prov. for depreciation—
' -r '••
Top Hundred Million—,
$219,102
27,392
oper.
income*
discount
Interest
Co.-r-Split-up Approved—
stockholders
from
Admin, and selling exps.
.
further approved an Increase in the: authorized
common
stock, $5 par, by the number required for conversion of
debentures.
' Holders of $5 par common stock will be given the right to subscribe
to new debentures on the basis of $500 of debentures ior each 100
shares of common held. Details of the debenture offering will be an¬
nounced in the near future. Robert W. Dowling, President, indicated
it was the intention of
the board to pi'ovide a preferred price on
debentures
offered to stockholders as against an offering to the
public, but that the spread would be narrow.
Also approved at the meeting was an incentive compensation plan
ft
and a retirement plan for officers and employees.—V. 163, p. 2290.
:
The
profit
Miscellaneous income—
:
.
1944 '
$5,344,209
87,097
1945
$3,231,764
1946
3 Mos. End. Mar. 31—
proposed
a
directors
common
stock
of
taxes
j\SSETS-~Cash,,- $10,554,651; -marketable securities,
-
The stockholders at
/».
Corp.,
contingencits
(Including Clark-Celfor Tool Corp.)
the
estimate
Consolidated
nam^LiSSU0 3/W^S coupon were as 7 follows:bid of 101.261. Other and Thp
awarded May
on a
bids all
2%
Coffin & Burr
Inc
naming a
First
for
$8,281,455;
,.?%% due 1976
Co., Inc.
its
Collins
V
special meeting held on May 2 approved a split
of each outstanding no-par common
share into six shares of $5 par
value, effective May 3J
,
^
<
The stockholders also approved a resolution conferring upon holders
of a proposed issue of $4,800,000 debentures the right to convert into
common
stock on terms, and conditions to be determined by the
;
1944
1945
355,815
$1,513,697
~
City Investing
(& Subs.)—rEarnings—
1946
3 Mos. End. Mar. 31—
116,632
$2,015,008
.
contingencies
.
.'•'■ JJ
York, N. Y.—V. 163, p. 2432.
Central Foundry Co.
82,328
$2,500,000 bank loan provided for in the plan.
Judge Conger signed an order authorizing an additional payment
of 20%
of the principal claims of the debenture holders, reducing by
about half the value of their claims.—V. 163, p. 2433.
Jpv The corporation has called for redemption on May
165 Broadway, New
$1,869,512
company-*
-
terest
v
470,888
$2,131,638
$7,210,000.
Describing
15-year Vkr/c debentures due Aug. 1, 1960, at 104
will be made at the Chemical Bank & Trust
July 1,
new; common
now
Vv
IRQ
Cr8i677
$2,824,127
The reorganization plan provides for the payment in full of credi¬
tors, who claim about $5,000,000, including $4,071,850 of debentures;
Preferred stockholders will receive 85%
of the .new common - stock
163, p. 2289.
Payment
for
shares
1
437,462
of common stock would go to the present com¬
disclosed
Lorenz
officers
of
two
63^643
main
614,250
the company
had so improved that the
proposed $1,000,000 in new capital to be
raised by stock subscriptions had been eliminated from the plan.
He
placed the valuation of the company at $8,688,473 and said assets
14,400
$64,183
$95,145
.
each
stockholders.
Mr.
'
Net income
warrants
receive
"for
warrant
mon
$32,448
profits tax (net)!—
Federal
Federal
one
2,683
$156,933
$318,545
taxes-
2,521
'
.2,055;
,
would
holders
proposed new Issue
$29,765
$154,412
$316,489
operating profit.
Net
Other income
of subsid.
of
!-i__*
.
$748,995
520,064
199,165
212 292
Cr4,886
sale
.
NOTE—Above statement
distribution.—V,-163,
Joseph Lorenz as counsel to John P. X, Finn, trustee in rebrgan*
of. this company, told Federal: Judge Edward A. Conger on
May 6 that common; stockholders objecting, to the proposed plan of
reorganization apparently do not realize "the substantial market value"
of the warrants that would be issued to them., .
,t
IJnder the plan,,,which ^f apprqyed 'by Judge .'pbnger must, ^ sub¬
mitted to the Securities and Exchange
Commission, common' stock¬
' 1943 "
3,455,580
82«684
on
$2,340,098
ization
.
1,000
$2,253,"6&7
goods sold*-—*———
sales,-less discounts, etc.——
mortgage
1 029 671
4',285'580
—**.
Childs Co.—Value of Warrants Explained—
2,500
1944
$5,119,528
Cost Of
on
129 634
957,105
'6,211,400
$2,569,100
.
—
Years Ehded Dec. 31—
.
3,750';
3,750
Shields 6c Co.—
—
—
3,750
Pacific Co. of California-*—<
3,500
Bateman, Eichler &r Co.-*—:———
***
2,500 Wagenseller <fe Durst, Inc.——-————
2,500
Cruttenden &r Co.—1,000
Emanuel, Deetjen- & Co.--—*————***—J
I;000
Johnston, Lemon As Co———————
1,000
Johnson, Lane, Space and Co., Ino.-__—J—u*?T,000 xH
CONSOLIDATED INCOME STATEMENT
redemption
254,740
,
1,114,816
3,300,550
3,150,000
bonds, series B, due
Jan.
1, 1989. Payment will be made at the office of the company,
Ill Broadway, New York, N. Y.—V. 163, p. 2433.
and
3,750
3,750
3,750
3,750
company has called for
interest
$264,000
of
first
171,420
surtax,*
and
$3,311,004—charged to surplus ot such subsidiary.
portion applicable "to minority interests ($94,185 in
1945 and $37,672 ih 1946), "
on
The
———
$3,438,377
Chicago & North Western "fey.—^Partial Redemption—
3,750
Hallgarten •&'Co.-J—;,—ft.*ft.—.ft?
Reynolds & Co
-—i—''
IvH. Rollins & Sons~Jnc.
-———
—
Cross
>
4,000
3,750
J
.
May" 2 approved a 2 V2 -for-1 split-up of the
common
stock by changing the authorized capital stock from 160,000 shares of $25 par value to 400,000 shares of $10 par value..
v
They also approved a stock purchase plan for' officers and key
employees .which would Involve eventual distribution of 25»000 shares
of the new stock,"
/. * J
Under the stock purchase plan officers ar.d key" employees would
be entitled to purchase the
new stock at
$35.19 a share over a
period of years at the discretion of the management.
J ;
Plan aroused considerable debate'with objections raised by i number
of stockholders before vote was taken.—V. 163, p. 1857.
r
J,;. J;; !
C.iV'v/'
Securities
3,750
tax
loss
prop,
counts
stockholders
The
>ry
*
Co., Inc.——
C, Allyn and
A.
of
company
Voted—
up
;
496,805
profits tax,—,
"Equivalent' to
stock, of no
Chesebrough Mfg. Co. (Consolidated)--Common Split-
* **!'/ -
-lee JHigginson Corp.iJ-._-_--.---v--------8,500 *
Carl M. Loeb, Khoades &
—
1 •
4,000
Bros
CONSOLIDATED
No. of shs, purchased from
Union
1
•
.
May 9^1946, iBhail be ex said*
616380
'
t&x
vision for
.
prospectus); is hereinafter-referred
fc
^
*
1
,
on
383 3Rfi
Balance to earned surplus—
$2,741,799
Dividens on class A st0ck-«*-ii-«! v - 320,000
Common dividends
864,357
-J- -'
p.
inc.
*-Profif
t Pro
.
.
240 875'
670,762
824,789
Amount applicable to preferred and
com, stocks of subsidiary compa*.
nies not owned by City Store Co.
value, is changed into two shares of common stock, of no par
value, by the distribution on May 8, 1946, of one additional share to
holders of each share of record May 1, 1946.
.
j
The New York Stock Exchange directed that Exchange contracts in
v.ThetinderwriterS'named.below;haveseveraily-agreed.topurchase
the respective sellers the number of shares of common stock
set forth
opposite their -respective names below, aggregating 95,000
'
store
Certificate of Incorporation was filed
1946, pursuant to which each share of common
1,
May
Lit
Balance
par
'from
'
nor.
inconio
Portion
.
on
Of
139,298
373,498
iJ
500,545
Adjustments of prior years
Ribbon Mills, Inc.—Stock Distribution—
A Certificate of Increase to the
7! 170,287
;
sundry charges, doubtful
loss, on
disposal
of
excess
Stfttc
Jersey.
Century
amended by such post-effective amendment is
as the
Amended Registration Statement, and
prospectus ^being this
the Amended Prospectus.
related
-the
New
employees
for
Federal
•
company filed a
of 1933, as amended,
Act
of
RR.
obligations,*
term
'accounts,,
Federal
to be
believed
long
equipment,; etc. Jnet)
accrued on the principal.
on
said further that the payment of $15,250,000 on May 6
"sufficient to discharge all of the obligations of the
company for taxes due the State in the event the Tax Settlement Acts
of 1941 and 1942 are ultimately held valid with respect to the Central
the
1.946,
28,
Securities
'
"Litigation concerning the validity of the Settlement Acts will con¬
tinue," he said.
"As one step in the litigation there now is pending
before the United States Supreme Court a petition for a writ of cer¬
tiorari on the question as to whether the Federal Courts have juris¬
diction over the matter/'-^-V, 163. p. 2433.
'
"'"tV
in the future.
•'«
sioned
Prov.
Mr. Gardner
.
was
$3,193,900
general funds will be applied to '
application of proceeds—
Total
and
general ■..funds—.——-—————-"————
to
.
to
had rejected them.
$2,740,000
' 453,900 '
—
-
—-
■Balance
on
mtg. notes pay. etc.— :>:
Prov. for deprec. and amort.
„Cost of annuities purchased for pen-
in commenting on the payment, said it was entirely
the part of. the railroad and that it marked another at¬
tempt by the Jersey Central to make a payment on the tax claims.
He pointed out that from Aug.
1, 1941, to Dec. 1, 1945, the railroad
had tendered checks totaling $8,571,874 as payment, but that the State
voluntary
90,000
.—*—
- J
on
Interest
Gardner,
Mr.
300,000
and
leasehold
For
the State claims has
which
v
to provide funds for payment of trade ac¬
Federal income .taxes---;..™--..——————
primarily
Interest
v
Pake, representatives of several Jersey
joined with Mr. Gardner in asking that
v : '
apply to the approximately $31,000,000
in
taxes, interest and penalties which the State claims is due from
the Jersey Central for the years 1932 to 1940.
Of this total, $13,438,669 is tax principal with the balance being interest and penalties
Payment of
counts
authorized.;
be
payment is intended
The
notes payable of the company to the Bank of
National Trust and Savings Association, created
v.
Judge
hearing before
payment
some
the
to
payment.
the
Central bondholders' committees
For
-
the
At
o
provide funds to finance plant expansion.—:——.—.
completion of expansion of Scranton's plants-,.
to make
allowed
ft.
SI
Volume; 163 ^Number
THE'COMMERCIAL &=FINANCIAL.CHRONICLE
4489
•~'i +•
■'
■"
■
■
A
S-
~-r I
'■■■
1 -,i/» 'ji-V ff*J
•'
,f v» >
"
ipr-thet sale.Ti<?o>it of. gfe:Loui$ ,DlvislonLfirst }collateral;tm§Umortgage c Trust .Co.,, New, York;:!American; Trust ;-Cd;£.Saftr Francisco, , and.Se¬
bonds dated. Novi i; 1890,:,. to an .amount sufficient to voxhaust: 'the
-> curity-Pirst/NationaluHank of, Los Angeles.
sum
of $58,500 at prices not to exceed 105 and interest.—V.
162,
,• "
LISTING—rThe shares.?of ^common stock are listed on the New York
'
'/jfj:'"!'-*-- ►- ;:i! ?
r
' vi"'
f.
Vs!
V# t;
Net
sales
1
,
Earned -per
^
«
_
<
-t
^Includes exbfessprofits fcarry*bacY--pf $d5,000i/ 5"
<
£res.
•,,
Ben
P.
said
Hopkins
Marchr?
Gross
Net
Net
ry.
Feb-
r:1943
1945
1944
$1,262,423
$1,239,524
637,472
514,994
$1,246,337
,643,086
522,573
3,753,581
1,941.497
1,592,234
3,723,103
2,020,422
1,657,555
3,381,374
1,907,804
1,657,454
ihf*
income
366,821
■
n
:>;V The
Net
ry.
railway
railway
from
3,523,758
1,564,708
1,234,704
______
oper.
income—
598,695
made in
Machine
Offered—Mention
Co.—Stock
issue
was
owned.
May 6 of the offering by F. H.
Co., Inc., New York, and Smith, Hague & Co.,
April 30, of 100,000 shares of ($1 par) com¬
stock at $2 per share. Further details follow:
our
of
;
Koller &
Detroit,
mon
'./£ Transfer, ^agent,
National
Bank
turers National Bank of Detroit.
holders
October,
*
The
.
1945.
of
.
orado
company
Foundry corporation
did
period of existence.
U The
general foundry work during
'0."
"A"
"B"
•
$
-
6,229,842
678,416
670,804
2,766,748
5,677,583
12,159,746
19,512,167
124,105
30,930,741
28,324,023
8,947,233
8,958,233
Operating mcoxne_-_
Non-oper, income
2,79i,186
83,401,614 301,683,002 293,341,197
30,310,306 116,803,523 111,044,238
34,519,933
33,747,933
12,633,120
46,713,938
48,673,631
*8,879,000 *16,162,200. *18,717,500
3,681,200
16,954,372
56,502,727
58,551
474,578
17,012,923
57,037,305
52,937,805
3,648,188
4,038,872
15,529,247
16,286,209
373,903
642,159
v
.
52,333,872
-
103,933
•
'>u Gross income_^*^^' I9,636,272Z
Int.
of
debt
&
•
exp.
-
1,340,526
15,614,178$ 12,211,892
of elec.,
Sales
Of
gas,
kwh.it...__
cu.
5,928,872
33,877,911
$2.04
:
(000's Omitted) ,,
2,238,247
-2,210,362 - 8,110,541
14,863,438' 14,207,283
45,069,506
.Sales of steam, .-pounds
*
34,351,911
34,351,91V
.
f
.
'
1,495,000
common
1
;; Sales
1,278,685
6,150,000
120,000
—
Cr334,379
^
Net income
Earned pen
,
ir
disct.
Intv xhgd. to construct;
,
.
long-term
interest,- amort.
debt
and misc.^deducts._„^
-tSpecial charge
of
,
on
Other,
„
$2.00
8,350,398
43,947,378,
14,098,753 -15,871,129
' 6,746,965
Reduced,
1945
'
and.
-
•
•
•-
.
,
■W*
T".•• *"
—
,
'**■
•'
tractors.
-
per share"witil FelL,lt; 1950_1;—1
w.""" ™* "
-J;,
- iS629328shs;;
periodEnd;Mat^31---; f 1946^3 Mos.—1945
1946—12Mos.—1945...
■•(power'booster"'for the• tractors.
The company's plant is located in
Cllnton. Mich.
The buildings. rd^^Notes-mature $750>000 each March 1, 1946 to 1954, inclusive and*;
Sales of electricity——
"61,321,645
57,896,249 221,950,866 214,389,588 •
consist of the company office and engineering building, the production ^ $4,250,000 4ue JMarch 1, 1955, and bear -interest in varying amounts'
fromv2,72% to 3'V4%,; $750,000 principal amount of such notes due **; Sales of gas
—
11,462,810 10,906,485 1 36,930,297 35,851,834
building and the foundry
1,107-928
4,316,468
4,189,155
March 1, 1946 have been paid and retired. "tExcludes .26,798 shares held
Other oper. revenues— -> 1,143,b9l
SALES AND EARNINGS—The company has on hand orders ' for
in theitreasury:
fAs of Dec. 31, 1945, 531,705 shares of common stock
upwards, of $3,500,000 for its ^Clinton Model 700 Engine.
>r Total
oper,; revenue?
73,928,146
69,910,662 ■263,197.631-254,730,677
were .reserved for-issuance upon conversion of the preferred stock and;
The net earnings of the partnership during the fiscal years ending"
Operating expenses-28,174,155
26,080,588 *106,607,931 100,385,737
629,828 shares were reserved for issuance upon exercise of outstand- .;
Feb.;28,.1945 and Feb. 28,^ 1946 are as follows:";',
"
Maintenance
5,008,333 ■ ; 5,007,303 : 27,130,657
24,599,300
ing warrants.
Subsequent to Dec. 31, .1945, warrants to purchase
Fiscal year ending Feb
Depreciation
28, 1945_
;
$72,214
7,382,233 > 29,024,933 < 28,497,933
7,298,233
15 shares of common stock were exercised and accordingly the num¬
Taxes, other than FedFiscaLyear ending Feb, 28/ 1946—
L.—
;
194,657,
ber of shares reserved for issuance upon exercise of warrants decreased
10,307,040
38,300,895
9,926.133
39,993,447
-iThe predecessor being a co-partnership, no deduction is made in the
'%i'..eraLzincomeii;-:L,i.^_ito 629,813 shares and the amount of common stock outstanding was
Fed. inc. tax (est.)____
7,678,000
*7,945,000 *13,233,000 *16,135,000
foregoing for income tax.
1 •
increased to .1,127,255 shares as of April 1, 1946.
§Includes warrants
entitling tne holders thereof to purchase 13,397 shares of common
""PURPOSE—The net proceeds (approximately $165,000) are to be
Oper. income
48,900,215
15,843,292
13,188,498
44,619,160
stock, which warrants are issuable to certain holders of predecessor
devoted to tjtxe following purposes: To; additional working capital,
V 3,118,551
2,378,118
2,366,337
4,245,560
; fNon-oper,; ^lncomeii*,»*,
company securities pursuant to the plan of reorganization pursuant to
$137,000;-'to apply on a note jield by a member of the partnership,
which Colorado
$28,000,
,,;
w£& organized.;
,
,Ttrr
M.:
18,209,629
15,566,616
52,018,766
48,864,720
i 1' UNDERWRITER—The 275,000 shares of common stock being offered
CAPITALIZATION—The total authorized capital stock of the com¬
Int.. qn
long-term debt
2,781,466
3,172,150 £ 12,062,357
12,788,069
are being sold to Hirsch & Co., New York,
as underwriter.—V. 163, p.
pany is 500,000 shares of common stock (par SI).
The total amount
; Other int.v amort. of debt
:Z2433^^;v.
;
issued and outstanding Is 150,000 shares.
In addition to this, 100,000
disct,; and exp. and
shares are being offered to the public. misc. deductions
873,544
427,963
.197,392
933,456
;
Columbia Ga$ & Electric Corp.—Hearing on Applica¬
Special charge
6,110,030
1,338,800
: LOAN AGREEMENT—Company
120,000
has also executed aW delivered a
Int. chgd. to construct. Cr334,379i
tion to Sell Dayton Power & Light Co. Stock May 15—
promissory note and a loan agreement secured by a first mortgage on
_
■
-
(
revenues.
Depreciation
1892.
CAPITALIZATION DECEMBER 31,
to facilities
in addition
22,
.principal, business
$<
•
by $120,000. for the three .months, of 1945 and $6,150,000'
$1,495,000, respectively, for the ;4.2-months of. 1946, ;and 1945 by
Authorized
Outstanding.^ iv^extraordinary -deductions .charged^.tO' iSurplus.
tRepresenting^portion
;-Notes payable ,td bankS ^-Z-________—Z |ll;po0.1)00'p.^v»$i<iv000;009, v ,; ►X; of -certain items' charged to surplus -equivalent to estimated resulting
;;;5% cum. convert, pfd.. stock (par $20) Vc: 531,705 shs.
1504,907 shs.
jreductionuiinwprovision lor Federal income tax..
' "
;
Common stock
(no par)
r4'iA-««--!•
j
2,968,295 shs. "t 1,127,240 shs, •y
EARNINGS OF:CONSOtTOATED. EDISON^SEPARATELYV
HWhtrants'to purch. com,'stk. at $17,50.
;>■*) '
*'T
its
high compression set for use with John Deere
The high compression
set is in effect a
(c) the "Reco"
and
t.
r
A
for tool making, machining andhfoundry work, those products being:
"(a) The Clinton Model "700 Engine:' (b) the Thomas Metal Disinte¬
grator;
on
Ocfc 22; 1945.;
on
steam—
oper.
Taxes, other than Fed-era!
income__^__—__
*Eed. income tax (est,)
20,
,
.
has three principal products
company
voted in favor thereof
became "effective
of
14,038,526
87,292,467
Operating expenses.32,109,418
Maintenance
5,871,7Q3
1945, and the stock¬
Oct. 4, 1945. The agree-
Sept.
gas__-_„_
1946—12 Mos.- ■1945 '■
»■:■■
62,511,198 239,500,895 231,054,845
13,366,561
44,837,682
43,528,040
6,853,051
14,553,239
15,S91,564
66,347,683
Total
1945.
on
$
electricity^
of
Sales
1946—3 Mos.—1945
revenues: s
of
iv Other
Colorado, is; the" • manufacture and sale
of steel products.
Colorado operates the Minnequa Steel plant, one
of the largest steel plants west of the Mississippi River, and its oper¬
ations there are fully" integrated.
•
1
-; On Oct. 22,
1945, a merger was effected between Colorado and Wickwire Spencer Steel Co.
Wickwlre plants manufacture a wide variety of
steel wire—high and, low carbon, round,
flat, or shaped wire, wire
for springs,* for^, wirei; ropejiiin a /variety- of sizes, and- tempers, gradesand finishes. *
;
•
Ford Motor Co;, Americiap Blower Corp., Chyrsler Corp., the Detroit
Diesel Co., a division of General Motors, and the Hudson Motor Car
At the conclusion of the war it reconverted to peacetime produc¬
The
Oct.
-The
the
Co.
tion.
merger
Sales
Sales
.
-
.
of Colorado
the
4
results from the transfer to it of all of the
partnership and the Foundry corporation subject to
-their respective liabilities.
The partners, who included dlso all the
shareholders of the Foundry corporation, have taken stock in the
.company in direct proportions to their holdings in the partnership
Zand the Foundry corporation.
/
~
<•,<
v? The
partnership did machining work on a jobbing basis for the
present
assets
Period End. Mar. 31—
agreement of merger with WickThe stockholders of Wick-
an
dated Aug. 2,
company on May 8 announced that 'System output, of • electri¬
(electricity generated and purchased! for the week ended Mary "5,
amounted to 181,200,000 kwh., compared with 168,400,000 kwh.
the' corresponding week of 1945, an Increase of 7.6% ." Local dis-
Operating
,.
,
HISTORY AND BUSINESS—Company was incorporated in Michigan
April 1, 1946, as successor to Clinton Machine Co., a co-partnership
formed in February, 1944, and Clinton Foundry Co. (Mich.), formed
in
for
,
\ ' •
* ■, .
HISTQRY & BUSINESS—Colorado was organizeii1 In Colorado April
16, 1936, to acquire, pursuant to a plan of reorganization the busi¬
ness
and
properties of Colorado Fuel and Iron Co., and Colorado
^Industrial Co., a subsidiary.
•
'
The predecessor Colorado Fuel and Iron Co., was organized in Col¬
1
,
city
L
4
MERGER—Colorado entered into
ment of merger
Manufac¬
Detroit. .Registrar,
of
„
wire Spencer Steel Co.,
wire voted in favor of
on
The
-
1946,
stockholders of Colorado, who participated in the
purchase, are selling the shares of common stock in
set forth below:
' ,f •>*.■■
?,
,
; V
'
"
Allen & Co., .139,424 shares out. of the 215,960 shares now owned by
them; Schoellkopf, Hutton & Pomeroy, Inc., 67,142 shares out of the
104,000 shares now owned; Niagara Share Corp., 38,736 shares out of
60,000 shares now owned; -Charles R. Terry,
12,912
shares out of
20,000 share now owned; Helene R. Terry, 3,875 shares out of 6,000
shares now owned; Charles G. Terry, 3rd, 2,582 shares out of 4,000
shares now owned; E. Perry Holder, 6,456 shares out of 10,000 shares
now
owned; Hamlin 81 Lunt, 3,874 shares out of 6,000 shares now
.
corporation
Consolidated. Edison Co. of New York, Inc.—Output-•
following
the amounts as
,
163, p. 1858.
Clinton
Angeles Stock
aforementioned
r>EA
r*
716,654
January 1—
Net
;
and
January
1946
Gross'from
—-V.
^ •:,V ^
\
v
"476,186
railway
railway—_
oper.
From
in
if
v ■
,$1.14
<
$1,267,250
from
from
while-sales
that
$0.58 *
output of electric energy •• of subsidiaries
adjusted-to-show general business Conditions ■ of
territory served lor.: the week ended May 2, 1946,- amounted to 243,*
715,266 as compared with 255,146,667 for; the corresponding week in
1945, a decrease of J.1,431,401, or 4.48%.—V; 163, p.^434.
STOCKHOLDERS^—A group of persons, firms and corpor¬
ations, headetr'by Allen & Co., and including Schoellkopf, Hutton&
*>Pomeroy, <Inc„ Atlas. Corp., ^Niagara Share-Corp., District Bond Co.,
Charles G. Terry, Baker, Weeks & Harden, Rosenwald Estate, E. Perry
: Holder,
Weil & Co., and Hamlin Si Lunt, on Dec. 22, 1944, acquired
from -Rockefeller, Center Inc., iand John D. Rockefeller, Jr., 283,980
;; shares (or 50.3%) of the then outstanding common stock of Colorado,
-at the purchase price. ©f $15r per share and the purchaser assumed
$5,885,444 $15,572,319
)/ *218.214, & 399,354
Gorp.^Weekly" Output--^
jThe 'Weekly-kilbwait-hour
this
of
SELLING
;
•
•Estimated nej;:
Stock Exchange, San Francisco Stock Exchange and Los
Commonwealth & Southern"
v
•^Exchange;
Cleveland: Graphite Bronze Co.—Earnings—
^uartei? Ended March 31-—
'
■* * : ;' : v:';l946/,;;'^T945:-;-"~
2577
-",v ?'
v
<
__________
—
.
.
.
<
.
'
-
the buildings,
machinery and equipment in favor of the Toledo (Ohio)
Co., dated April 18, 1946.
It consolidates and
replaces two
separate instruments yhich existed during the lifetime of the Foundry
corporation and partnership. - The total amount involved in the loan
agreement is $145,000, S The loan bears interest at the rate of 4%
Trust
per
The
annum.
$4,825
with
balance
final
a
due
is
payable
payment due
on
or
in
Pov/er
the
not
.«
the company from 1939 to 1945, when he was granted a
of absence, because of illness, has been elected Chairman of the
leave
advisory committee, succeeding William C. Bradley. Richard C.
has been-elected
T 'ilv V ^
.7"'
a-
Vice
S>;v -•
i)iv '-i;
The
■
directors
the
May
on
6
■
Corp»---ljividends----
declared
a
dividend
of
*
-
$5.60
share
per
per
Collateral Discount Corp.—New President—
'. George M.
director
a
Greene, one of the organizers of this corporation, and
Vice-President, has been elected President, '-c" A. *' •
Rovensky and Howard C. Thurman have been elected
and
Joseph
C.
members
of
the
board
of
directors.
Colon Development Co.;
The
Ltd.—-Production—/
that
its production for the: four weeks
to 472,854 barrels, compared with
504,605
four weeks ended April 1, 1946, and 513,650
barrels in th$ {our weeks ended March 4. 1946/—V. 163,
2002.
ended
company
announces
April
29, 1946.
barrels in the
Net
1
-•
:
■
.
tofferzto^its stockholders^the
purchased by Columbia stockholders.a
*1-
Salefe of
.
amounted
tigbt; td- purchase,
Colonial Utilities Corp.—To Sell Pennsgrove Stock----
dends
In
debt
V A
;:V
and
the sale of assets.
to
limit
the
^hearing
15.—V.
The articles
the
net
current
assets
of
Pennsgrove
Feb;
28,
the
1946 to
date
of the
consummation
of
the
Co. Of New
1562.
;
,
i f
„
;
•
fEarnlngs
of Feb J
>
and
that
163,
will
be, held
the
before
SEC
;
T. -S.
-
A.,;
Franciseo,
Bank- 'N. Y;,- and Bank bf ^America
and -Los-Angeles. ' Registrars, -^Bankers
York, Inc., on July 31, 1945,?—V. 163, p^ 2434;;
The
company has called for redemption on. June 6,»;next, all. of
outstanding series N, VAVo first refunding mortgage sinking fund
at
105% and interest and all of the outstanding series O,
3%% first refunding mortgage sinking fund bonds at 107 and in¬
terest. Payment will.be made at the-Bank of the Manhattan'Com¬
pany in New York,: N.- Y;, or at the office of Alex. Brown & Sons
to Baltimore, Md.
.
.
<.
' ■
■
Holders: may, obtain immediately the full redemption price of such
bonds, viz., principal, premium and accrued interest to June 6, 1946,
by presenting the bonds at the Bankers Trust Co., trustee, 16 Wall
St., New York, N. Y.,The redemption price of series N bonds presented
to the trustee prior to June l, 1946, not accompanied by the interest
coupon due June 1, 1946, will be reduced by the face amount of said
coupon; however, such coupon, will be paid by the trustee If presented
to it before June 1, 1946; but in the case of series N bonds presented
for redemption on or after June 1,
1946, such coupon should be de¬
tached and deposited for collection in the usual manner. 5,,t,,,:
On or after June 6, 1946, the series N and series O bonds must be
presented at either of the paying agencies named in first paragraph
,
,
above.—V.
163, p. 2434. '
Consolidated Retail Stores, Inc.—April Sales—
1946—Month:—1945
30—
3 $2,914,843
Sales
1946—4 Mos.—1945
$1,692,573 $10,647,529
..
$8,240,051
—V. 163, p. 2003.
1945
1944
1943
$562,460
$651,629
$0.21,
$0,28
,
tot
1945,
Federal
taxes
1944,
$1,973,200;
162, p. 2389.-
,
-
- ■
for the
first
$1,235,550;
'
«
,
Continental Can Co., Inc.—Earnings—
$0.25
.
for estimated Federal
"
all
-
(Including Wholly Owned Subsidiaries)
other
12 Mos. End. Mar, 31—
Profit
,
1943,
of
'■
:
'■
1
Week Ended—
May
,
April
.
r'" "
>■'
' "
1946 '
4—165,240,000
27_Z
'
1
.
loas
192,728,000
193.606,000
:
-186,765,000
■
>;
1944
'
0i
^943
com.
$8,201,570 115,940,220
*9,014,865
.*9,783,888
$3,983,661
$6,961,741
$5,519,873
$5,041,180
$1.20
$2.43
$1.93
$1.77
share.
provision for estimated excess profits taxes.
tlnclud?s
$4,814,393 for depreciation, $10;125,826 for estimated income and ex¬
cess
profits taxes and $1,000,000 appropriated for inventory price
decline and other contingencies.
$ Includes $5,764,936 for depreciation
and
.
.
'%:Dec.'
.
.
age
7.6
commenting
on
.,
;
,
,
.
the reported earnings, Carle C. Conway* Chairman,
that operations
continued
to
be handicapped-by
the. short*
of materials.
--"
margins have also been affected by the, increased costs: of
and material,/ with no, -increase in prices.Efforts are being
"Profit
.
labor
7.4
2.7
'■
depletion, and $2,436,634 for income taxes.
In
indicated
14.3
'
.193,916,000 >
j179,436,000.
April
:20_-r__^_r;.__^:u__ir._L.-_.. 378^12.000; April"
T3_____'i_^iLL-__._Zl-iiij_'Zl81,731,000
—V; 163, p.'2433."' '" u
•
Z
per
1945"
•'
♦Includes
.
'
tax
profit-^—
Earns,
Commonwealth Edison Co.—Weekly Output—
1946
$12,185,231 $22,901,961 $14,534,738' $14,625,068:
and Fed¬
Net
y"
Electricity output of the Commonwealth Edison group of companies,
excluding sales, to other electric utilities for the week ended May 4,
showed <14.3% decrease from the corresponding period last year.. Fol¬
lowing are the kilowatt-hour output totals of the. past four weeks and
percentage comparisons with last year:
; '
V
•
depl.
eral
-■
■"
■'
J
Deprec.,
1946
$1,478,900.—
quarter
'
:
a
San
$613,700;
was
issue of May 6 of
Transfer agents; Chase National
Ni
purposes the 1945 * figures include the former
Co., Inc., and New York and Queens Electric Light
which companies were merged with Consolidated Edison
bonds
on
$733,168
1946
$1,036,767
$0.39
share_««
income taxes and
charges.i tOn 2,636,878 shares of common stock.
■
1
V.
& Co., on May 1
par), at $17
per
^
the offering by Hirsch
of' 275,000 shares of common stock (no
share with a selling commission ,oL.$l a
share. The shares are being sold for the accounts of' a
group of stockholders, including Allen ~ & Co., Schoell¬
kopf, Hutton & Pomeroy, Inc.; and Niagara Share Corp.
our
ended
the
2155.
p.
NOTE—Provision
Colorado Fuel & Iron Co.—Shares Offered—Mention
made in
including inter-company divi¬
March 31, 1946, 32,202,500; 1945,
$1,338,800.
'
*
orr* the : application
♦•After 'provision
,
was
1945,
months
Consolidated Gas Electric Light & Power Co; of Bait.-**
Calls Series N and Series O Bonds—
incorporation will also be
stock dividends under cer¬
'7
Quars. End. Mar. 31—
,*Net profits
purchase price is based upon, the acquisition by purchaser of
2,710 shares, or all of the outstanding capital stock of Pennsgrove,
and is to be adjusted proportionately to the actual number of shares
by this corporation.—V.-163, p.
i,
37,508,840 -36,557,588
Edison
Period End. Apr
such
owned
11,423,240
,,v
as
sale
3
NOTE-i-Far ,Cqmpara tive
Commercial Solvents Corp. (& Subs.) —Earnings—
1946, plus an amount equal to the earnings of said company from
28,
'
1
*
12;,months.ended- March:31; 1946.,
and Power Co.,
of
payment of common
circumstanced
May
A contract dated April 17, 1946 between this corporation and said
Henry P. Hoffstot among, other- things, provides that, the consideration
to be paid by Mr. Hoffstot is $175,000, plus the sum of $12,262, being
to
33,307,?44;. 33.804,395
,
'
<
their
amended
on June 3 will vote on
approving the proposed sale
Henry P. Hoffstot of Pittsburgh, Pa., a director of this corporation,
the 2,702 shares of capital stock of Pennsgrove Water Supply Co.
owned by Colonial.
"
' :
v
.= „•
.
*
/
equal
follows:
Brooklyn
_
The stockholders
amount
*11,957,500
$6,110,000;
as
$2,244,257;
Columbia common stockholders will-bfc -offered' the .right; evidenced
by warrants, to purchase Dayton common stock on the basis of one
share of Dayton common stock for each eight shares of Columbia
common stock held by -them.-•
•
gv (2) Columbia will apply the proceeds realized from the sale of Day¬
ton common stock, together with
treasux-y cash, if required, to redeem,
at the redemption price, all of its 5%
debentures, presently outstand¬
ing in the principal amount ,of $44,854,000.
;
; • t
:
,«
.
(3) Incidental to the above transactions Dayton will (i) increase*
the authorzied amount of its common stock from 500,000 shares (no
par) to 2,000,000 shares (par $7) and will issue and exchange 1,530,000
shares of new common stock for 360,000 shares of its
present common
stock, all of which are owned by Columbia; and (ii) transfer to common capital stock -account
$2,000,000 of capital surplus and "$680,000
of earned surplus.
'
.
(4)■■. Dayton /will r amend its articles' - of Incorporation to provide,
among other things, for contingent voting rights for preferred stock¬
holders invconnectioh with the issuance of additional shares of pre-?'
ferred stock, the merger of the company, the issuance of unsecured
of
an
1946,
31,
to
,
11,848,503
•Reduced by extraordinary deductions charged to surplus as follow?:
months ended. March 31, 1945, $120,000; 12 months ended March
3
pursuant to such offering.
tain
.
15,230,771
elec^ kwhiwl- ^, 2,102,737 Z 2,075,001^^7,624,665^-7,861,1703
Sales of gas, CU.. ft.,
specify the compensation to be charged Columbia by the bid¬
services in underwriting the stockholders' offering and
purchasing the shares of common stock which are not disposed of
for
.
(000's Omitted)
will also
ders
incomeu^i—_
r
common
of $3
-t*
Dayton
application-declaration with
proposed may be sum-
joint
a
transactions
•
.'■■'-■'-"-ri
•
stock, no par value, and the usual semi-annual divir
share on the class A stock, no par value, both payable
July 1 to holders of record June 13.
A distribution
of $5.60 was
made on the common stock,on April 1, last, while in 1945 the follow¬
ing dividends were paid: Aplril 2. $5.55; July 2 and Oct. 1, $5.60 each,
and/Dec.; 15, a year-end,of $13.10.—V, 163, p. 1422.
on
dend
aa-follows:
the
«
Fowler
Pres;dent.-^V. 162, :p, .2268,:'Vi z z
ii
►
Coca-Cola^ International
/
of
its public invitation,
Columbia will request" that the bidders specify the price per share
which they will pay for the shares of common stock which they will
purchase, which price will also be the price at which the common stock
will be offered to the common shareholders of Columbia.
The bidders
Wfliiam J. Hobhs, President of-Coca-Cola Export Corp., has been
elected President of the Coca-Cola Co., succeeding Robert W. Woodruff,
who continues as Chairman of the executive committee.
A. A. Acklin,
President of
have filed
statement
1,530,000 shares of common stock of Dayton and; concurrently there¬
with. it will, pursuant to the competitive bidding provisions of Rule
U-50, publicly invite bids for the'^underwrfting of such' offbr and the
purchase by theJ underwriters "of such^- shares Of common stock as are
;;
'Coca-Cola
Light Co.,
(1> Golvmbia will
;
monthly instalments of
31, 1948, in the
'
and
SEC.-; A
marized
before Get.
♦H^unt of
-
Columbia Gas & Electric Corp, and Columbia's subsidiary,
,
obtain the approval of. .the ' OPA for. an' upward adjustment
prices," Mr., Conway " stated.—V, " 163, p. l724; Vv;• v"
made, to
"
■■
in
Mond?yfMa^: 13^:194®'
Prolit
,tax purposes, applies -to the current fiscal year in the amount;
$3,482,817 and to the .fiscal years 1941, 1942* 1943, 1944 and 1945
$13,251,247 has been charged to earned: surplus?? The
income tax sayings of $1,393,127 for the current -fiscal
year
and of
$11,257,389 for prior years on these amounts, has been credited to
inOome
(& Subs,)—Earnings—
Corn Products Refining Co.
iiom operations—
Othtr income
;
V.
the amount of
in
—::
—
income
*$478,894:
tax.,*.—
.'
—
--
.
.
Net
*$1,068,470
430,031
1,641,566
*$3,139,968
$140,779
.—
(1%(<«)
divs.
; ;
dividends
Common
of
no effect has been given to any
resulting from their possible future
Necessity
iacilitms
peacetime products.—V.
pi
163,
1564.
p.
„—r
Earns.•• per
share.
com.
'Loss.—V.
*
-
-
;
<Nii
-
*$370,080
SJ.70
-
Eaton
$0.67
•
•
1423.
163, p.
$0.50
'Net
$62,012
.
value
residual
in
use
the
of
Net.jsaies
.The
,
,
profit
heavily
was
engaged
in
work
war
In
:
the- decline
,
portion of
the
six
____
.--1944-:
'
$976,565-,
713,457
.
current
funds.
Ail
703,646
$1.33-
::
'
$952,191
703,646'
$0.04
-
t,
■
,
For
the
in
for
reserve
contingencies.—V.
the
$1.35*
../ ■■;•<
—
1946"
-
,
'•
$126,968
$013
during 1945
&
Light
Electric
Co.,
borrowed
2155.
the
have
inputs
Power
of
client
Light
&
oper-
subsidiaries
are
Corp.,
a*' ?
Eiec.
Pwr.
Natl.
Power
&
V':v
1945
157,742
169,532
58,088
68,309
104,896
Oorp.J-..
Light Co._
Lt.
&
.,",
>-
1946
99,303
"Decrease,
*11,790
*10,221
<
,
V
'
^ulhulatiVe'%referred
&%>
;
.
trom Chicago banks for a term of seven years,
payable in equal quarterly installments in each
this latter retinancing the company will
be
term. ?-After
assets
outstanding.
stock
proierred
of
as
Feb.
.1946
2,
STATEMENT
.
and
•
current lia'
-.
-
AND
PROFIT
OF
.
„
$7,640,605,
were
$2,807,972, a ratio of 2.7 to 1,
were
LOSS
52 Weeks
goods soiu, seLing, general
oi
istrative
..
and
artmm-
ana
w._-»*»----,-:^:-v--y,»-^^-';r"'24,794,657
expenses
Depreciation
*
Ended::
<$27,5*%45d '$a4v^>J.292f<
*;
iinel^alea of leased'fdepartmentsjii
cost
5.6
53 Weeks
Enaea
'
-
*7.0
,'
'
_
hi
lor
,•
*15.0
..
-
to
the
and
5,593
5
,
no
biuues
^Increase——1«
Amount
;V pet.
-
;
called
$1,050,000
oi
Current
of
C^o., as compared with the corresponding week
as'follows (in' thousands of kilowatt-hours):
were
been
principal
quarter
which
inc.,
have
1
outstandingsf?,67&« shares^^
redemption on May 15, 1946 at $105 pershare, Pius ail accrued and unpaid oividenas thereon to toe aate of
redemption.
In connection wi..n tnis reuemption,
the company has
Input—
the System
Services
Operating Subsidiaries of—
Amer. Pwr.
& Lt.
Co._.^
1945, }■
$86,331
$0.09
-
Power
1943
2,
Ebasco
of
163, p.
of
stock
National Power & Light
Cuban-American Manganese Corp.—Earnings
:QuarW Ended March 31— " " 'Net,-profit
1—,,
^
Earned per sh.? on 950,000 com. shs.
week ended May
compan.es
Amsrican
as
important
.,V
the
atirig
we.l as str.kes at the plants-of two of the company's
customers.
Current demand- for capacitors, while not
quite as high as during the war, is several times as great as in 1941,
Mr. Biakfc" said.—V. 163, p. 2155.
*
*
suppliers,
most
the
Ebasco Sei-viees Inc. —^Weekly
31, 1945. '
1 - ,
announcement, Octave Blake,- President, attributed
part to strikes at the plants of- some of the company's
making
*
.
During the past year^ thd company purchased for rCthement 1,497;
of the
outstanding 7%
cumulative preferred stock and re-;:
the balance, nameiy 3,027 shares, at the redemption price'of
$110 per share pms accrued dividends thereon to the redemption date.
Tbcse vshares ' we^^purchas^'and'i^cdeehied^by f he ^company out of
Earnings^*?
1946 V
outstanding
Earnings per.common* share
/
during
months ended March
$182,124),,
deemed
'After all charges and Federal taxes.
*
i; tEffect has not been given to any tax credit which may result from
possible excess profits, credit carryback, or return to income of any
1945
1946
,
of
.
t$31,526
—-
—$7,737,333 $10,824,187
—
company,
.
„
thereon
(The) Fair* Chicago—Annual Report—S. S, Kresge/
vChairmah^and Hector Suyker, I?resident^ say in part:*; v
such
production
'V
Cornell-Dubilier Electric Corp.—Bales Lower—
*
lotai, $4,914,891.—160, p. 1630.
•
,*-•
Manufacturing Co. (& Subs.)
Shares
•
Six Months Ended March 31—-
interest
shares
i.
Quarters Ended March 31—
Surplus '
1
accrued
and
notes
reserve
.
356,J36
' 2,795,000
375,000
$1,701,517
$2,133,609
430,031
430,031
1,641,567.
1,641,867
$2,212,377
430,031
1,641,567
income.—
Preferred
years
1,460,000
tax
for war: contingencies (exclusive of renegotiation),
8100,000; common stock (300,000 shares of $1 par value), $300,000;
premium on saie of 100,000 shares of $1 par value per share common
stock, $325,000;
paid-in surplus, $22,799; earned surplus, $353,997;
surplus. Applications for thp refund of income,, taxes for prior
have been filed with the Bureau of Intend Revenue, and
tentatively allowed and refunded substantially as filed.
;
l
7n completely amortizing the cost of facilities covered by Certificates
$7,120,546
„
Treasury:
b.
$184,888;
earned
$6,218,689 $3,949,540
1,285,300v 1,325,000
TUxesCother thanlnc.).,
184,576 „,';>-230-,512.. , 288,033
hixeess profits tax
*'2,035,500 - > 230,000
De^eciation.--.—405,000
.405,000, .
405,000
'.Total income
Normal
for;Federal taxes, oh income (after deducting'
faxes," $8,710provision
.
of
.1946 " "r
1945.1944
•-.:
1943
'$354,702 $5,853,260 $3,649,499; $.6,835,443
875,80S
- ,365,429
: ■ 300,051 -.
285,102
J3 Mos. End. Mar. 31—
22,564,523'''
,<
2Uj>,6»1
?
amornzation—
203,613
<
'
"After all
charges,
Federal taxes.—V,
inclddmg depreciation^ depletion and Cuban and
.
163, p. 2155.
^ 1
'
-
-.
NOTE—The
V
above
figures
do not
companies not appearing W both
,«
include "the system inputs of
any
Profit
.
periods,—V.; 163; p. 2436.*'
t; Other
'company-
Period^End, Apr30rrv
.
1946—Montlwl945.,
1946-r,4 Mos;r-1945
'
$7,014,154
$3,933,806 $19,570,121: $15,751,319. ;
„
%. Approp.
^El PasoivElectrie <?»
Cgieration
—,
-
Maintenance
11,156
:Depreciation:ki^^t^u;- :..
Federal;;lncbme;4ake$r^
oper.
revenues.
Other income
the
company
consisted
of
853;750
shares
of
$1
Int.
:
ASSETS— '
,
nual
of
?
Common
"ex"
until
?
'
i.
*'
vr,?.
A
"
"Net
*
.
profft__„V-^._„.V I
After
V.
;
1946 '
-
*
;;
'•"■
$210,662
411,874 ;:
:
*
$0:51
depreciation, Federal income and
v
v
"
I
if
Reserve
,1
I w
—' —
1946—Month—1945
—V.
$1,203,088 V
etc.-4>
s:
tion
•
reserves
taxes
of prior
addition
.
9MonthsEnded^r
Profit
bef.
taxes
&
?*Net
of
Earnings
; A
*""*n
,
common
third
on. magnesium
closing
of
'entirely
expense
The
end
shares___
quarter
lost during
past.
^amortization
were
losses
metal and metal products,
is
the
the figures
there
the
the
emergency
of
market
war.
.
..
of
and
and
?
-
of
a
cumulative
no
'
convertible
par
<■
distribute
to
notice
sales:
.Net
It
is
"
United
period
had
of
No.
10,502,234
$6,675,990
1,248,706
$5,766,083
1,248,706
$4.61
believed
-
.
to changeover
Civilian trade was
due
the major
-
part
of
*
this
<
.
States
to
be
by proclamation declared the
Sept; 29, 1945 with respect, to
facilities
constructed under Certificates of
Necessity.
Accordingly the company has recomputed the amortization deductions
and has written off the entire unamortized cost of such facilities-as
bf3Sept.
30, 1945 " in view of the shortening of the emergency period
by the President. The unamortized cost at-Sept. 30, 1945, which for
State
$8,51T,673
1,154,499
Vl
Mar. 25, '44 Mar.27, '43
$3,198,265
$7,723,365
780,262
1,059,958
inc.
472,800
taxcontingencies—
692,075
*
*40,000
$641,698
536,038
50,000
$541,084
—
shares-
Common
com.
1,033,921 h
share.
>'V>-$a46>
$317,883
v
$0.60
.
$244,224
713,706
713,706 =
1,014,408
$0.28
$0,39
• s
'
*
*
-
23.—V.; 162, p. 2004."
;
*.•"
:
,
v
'.1'-'.':.
York—Stock Offered—Reynolds
& Co. and associates on May 8 offered 125,000 shares of
common stdck (no par) at $20 per share. • Of the shares
•offered 33,430.iare being sold forvthefcbmpany Rnd 9i;564
tt>r<felling stockholders'.
•'<?>*;
*^ ' '< ^ JI
preferred
*■
2005
Firth Carpet Co., New
anticipates that the company's annual report; for
the annual meeting will be mailed May 16. to
of
profit
of
'Includes provision for possible renegotiation. -V. 163, p
4
*'
.
.
agent and registrar, for both classes of stock of the :
respectively, the Registrar and' Transfer: Co., 2 Rector
Street; New York, and United States* Corporation ;Cd.;> 160 Broadwiy^^
;?
The
transfer
company
are,
HISTORY
'-1944'
8,273,4i7
:
and selling
expenses^___^^_;i
>
sales_»_.
pn
income
4,601,235
,"666,464
.602,525;
$471,^73
$440,548
/;,';t.48,63i7;
:
-
.
728,908
i- $489,179 7'
profit
discount
for
on
sales,
Federal
int., expense,
taxes
on
:
etc.-.
income——
;
$499,281
7
140,724
;250,000
78,713
310,500
Nei income-
?
*
$110,069
-
Earnings per common share
■
,)
.
$0.37
$0.33
'Including termination claims of $3,432,837;
tCash- .discount, on
purchases, royalties .earned, etc. ^Including: in 1945 accelerated amor¬
tization of war* facilities foT prior years in the sum of $64,253, less
decrease in Federal taxes on Income applicable thereto of $46,904.
»:
SHEET/DEC. 31, 1945*
'in banks,. $239,599;
"
&.^ompinyA-Jia?-^engaged 4n * tfie^mantifactur^ftndi sale. ef;?;Woi : piile
carpets and narrow goods
types of weave or construction.
These
.
various
'i;i
Wilton.
hand
and
rugs
and
design carpets £of
ahd
,
constfuction^ plairi colored carpets.'.--of. Velvet construction;
grades of rugs of Axminister construction with special styling
marketed
under v the trade -name '7'Firthminster." - Company's- best
several
quality Wilton is a carpet having a carved design-effect carrying'the
"Primitive,"-the method of construction*of which is cov¬
trade- name
by a -product' patent,
?:: ):"J
percentages of the company's total sales of carpets and rugs
represented by sales of the various . types of construction
ered
The
in
1941
Chenille,
2%;
WiIton,; l&%; Velvet; 11^
CAPITALIZATION
excess
LIABILITIES—Notes -payable to banks—regulation "V" loan,' $2,750,000; accounts payable (trade),; $700,663; accounts payable (mis¬
cellaneous), $3,106; employees' deductions for Federal taxes, war bonds,
etc.,
$67,051; accrued salaries, wages,' engineering' service, fees and
applicable Federal" taxes
thereon, $96,576; accrued State and local
»?
in several grades ^of ;
include, in order of
Chenille, which is> the. best? quality.-: carpet;
% quality,
.,,
<
'
profits, tax
refund bonds realized Feb. 5, 1946r $95,778; claim for refund of Fed¬
eral taxes on income due to accelerated amortization of war facilities,
$42,569; receivables (including $2471,054 pledged to secure "V" loan)r
$2,316,715; inventories, $1,991,574; plant and equipment, at cost
(after depreciation and amortization reserves of $268,778),. $145,799;
intangible assets-^-patents; and patent applications (after amortization
reserve of $6,897),
$47,063;. deferred charges, $35,794; total, $4,914,891,
on
established one in the
^
.
>
were;
BALANCE
ASSETS—Cash
BUSINESS—Company is an old,
cafpdt and rug manufaeturing. industry; the busintessshaving; been comr
menced in 1884 by Sir Thomas' Firth, a well-known carpet and fug
manufacturer from England.
Company: was incorporated April 4, 1888,
Irt^^ New York;
It/owns and - operates .three^manufacturing plants^at V;
Fiilhcliffe, Newburgh and Auburn, N. Y.
»'
£ >''
( J
$5,738,973
$4.33
the
was
and
for
Earned p^.r
^
following:
approximately $1,000 000
This
$10,034,842
charges—4
inc. and ex. pft.
Res.
the
——
profit,
Total'
ICash
5,617,171
development.
Federal
>
brbadloom
•
12,466,224
'
Mar. 23, '46 Mar. 24, 45
^
after
'"
have
6,172,376
$3.(31
some: plants
President,
of
$5,425,507
,
1,248,706
per share___
statement accompanying
the
authorization
Administrative
28^45?Feb;^9,'44^
2,837,795
3,475,810
,
Profit
stockholders of the board's recommenda¬
to
Cost of goods sold-J
K: > X
Feb, 28, '46 Feb,
amortization^ $11,739,112 $25,314,590 $21,885,488
profit
Number
1,180,980
Subs.)—Earnings—
Federal, taxes
Net
the submission
planned
Provision
Dow Chemical Co. (&
Amortization.
to
issue.
tOther
Cleveland, Ohio, plant
T. F, Dolan, President'.—V. 163. p. 1424, -
beenr announced by
277,448
1,231,^80
to
at Berkeley,
the
to
,
; o
Electronic Laboratorieg; Inc.—Annual Report—
Dobeckmun. Co.—Plans. Expansion—
substantial
452,400
5,085,357
:i
$13399,093 $13,090,877
sales
Net
•
316,763
Calendar years^:-:-"?;;;?-v:'''#,:';.^*<?'1945
1,753,870 shares of no-par common stock outstanding of
an.; authorized "issue of 2,300,000:' shares.—V.
162, p. 3190,
v
;
a
:.
'
-.
^ 1,586,386
12 Weeks Ended—
W
is
1945
are
and
36,915
.
941,053
stockholders of reeord May
...The - new common stock will be of $2 par value and will carry a'
dividend of 15 cents
quarterly, or an annual rate of 60 cents, the
first of .which will be
paid Sept. 15,
:
v
,s
,
' ! r
Calif.,
:
12,594
______
450,000
1,767,600
Flintkote Co. (& Subs.)—Earnings—
2,041,867
26381
*
years-
65,000
35,000
600,000
H 1,767,600
Total
5,900
166,488
«:
2,269,218-
-
income
on
The management
.
on May 8 adopted a resolution providing for a split-up
of ithe common shares on a
five-for-one basis. Stockholders will take
•action on this proposal on June 14.
j
V
^An expansion program involving a' new factory- building
collection
reserve for depreciation of $6,526;728 in 1946 and $6,430,176 in 1945.
|
tAfter deducting U. S, Treasury tax savings rjotes of $1,750,000 in
;£
"1 1946 and $1,638,120 In; 1945.*^V>: 163,; P» 1863,; ,
- + A
\ j
preferred stock, when stockholder
approval of its authorization has been received, as a dividend to com¬
mon stockholders.
'■<
: / 1
!•
,(
dtrectors
..There
a
& ?AfterPreserves'? of *$5^54^ in; T9464nd" $52,626 lit' 1945,U tAfter;; |
$16,455,658 $17,195,872
for
It
$8,390,157
'
Distillers Corp.-Seagrams, Ltd^—Plans Split-Up—
•
5,300
160,054
The, directors have voted
stock
1946—9 Mos>—1945
163, p. 2155,
on
42,134
<
credits_____
fori'injury and damage claims-
incident
$766,209 ^$9,878,149
128319
934,244
%
'prdfitiiXjnV
grcss
surplus
postpone * the annual meeting to june
12 from May. 15.
Additional time was required to settle Government
contract termination claims and to complete necessary legal papers
Diana Stores Corp.—April Sales Hose 57%—
Period End. Apr. 30—
.109,562
,,
848,212
Earned
Net
162, p. 2390.
lies
on
reported
(372,100 shares of no paf value)''? 5,085,357
capital surplus.__—
<_<>, 277,448
and
■
6,710,000
Electric Boat Co.—Annual Meeting Postponed—
$0.48
profits taxes,
'•>
>140,000
liabilities
taxes
sales,
income. tax
Paid-in
33,750
337561
A*
for
1
k
"70";332
73,188
■
Common stock
124,964
— — wm
basis
.
rV, 163* p, 1027.
?
excess
"M'
"
Depreciation
^99,206
206,250
'
installment
;15,054'
-
:
•
incorae_-__*—
on,
purposes_i?.:l_;ilL_;___
Res. for postwar adjusts, and crther conting.—
12,481
•If 6V" cumulative preferred stock* ($106 par)___li 7f/c cumulative preferred stock_____>--^—_—
>143,303
— ———
for- Fed;
Reserves
<598
;
accrued
current
1943
$0.57'"
^Reserve? for Federal taxes
50,549
6,500,006
•—-4
—1'
year
Total
'1944
income)
on
Long-term debt payable within one
Mortgage- note,,. 4.% • (non-current)j_ )
•
$1,500,000":! $1,500,000
3,848,691J : 3,848,691
stocki—-2—<.'
bank, due within
'
deferred
Reserve for
$118,272
206,250
,
206,250 s
* $0,72 '
-
'1945
Accrued taxes (other than taxes
"
payable
deposits %.____
accrued
Interest
Subs.)—Earnings—
$298,294
Com. shs. outstanding:.
Earnings; 'pet share^.
'
*
$1,446,986
v
430,006
470,977 W 495,450
-173,200 4v y'V.■ vV. ::4
.'-\$1-,671,823
" ?:;;41^.784-
payable,,i-_-_.;
Accrued? salaries and wagea^——
.
I';
54,536'*
3,497;468
.
35,797.
,
'
v3 MoS. End.31-—
1,113,144 *
3,792,840
202,000
.profltTtax^-ij.—i-it 4
Sundry claims investments, •
t 13,183
13,080
153,050
Prepaid- insurance, supplies, etc.---'
"• 136,030"*'
5,585,801
tLand; "buildings and equipment---™^-—11 5,456,943
Leaseholds (after amortization)
154,522
:.1^2,434'...
Goodwill, tradenames, trademarks, etc—4.1
Postwar refund^of excess
Accounts.
140,403
reserve.^.
refundsl_—
•
preferred
on
Earned surplus
Detroit Steel Corp. (&
COMPARATIVE - BALANCE- SHEET
;"
;;
,
38,056
Total
.<
>
less,
nor
postwar
tax
Other
on
'
supplies,
Customers'
Taxes
May 15, at Detroit.
May 4 ruled that the common
further notice the above-mentioned
161, p. 2658.
67,501
•
stock
Accounts
$1, will be made so that five shares of its common stock will be
outstanding for each four shares presently outstanding. V Such adjust¬
ment will be effected by the distribution on
.June 25 of one additional"
share of common stock, par $1, for each four shares of common stock
quoted
and
Note payable to
par
not
■;
$13,399393313,090,877'
J945 ,,1
...
Total, long-lerm
Detroit-Michigan Stove Co.—Proposed Distribution—
The -company .announce® that an adjustment of the .commbh
'stebk^
be
.
-.
.
$691,482
Total
Premium
<•
distribution.—W.
<53,028
"
:$673,323^
v%67,50l4
"Preferred stock
-
stock1
106,056
«
stock-
'Accounts -receivable & conditional sa,les contr.
$ 257,830
$66,492'.'
$66,492' > $758,98^'
—
LIABILITIES—
•
*
150,000
$415,802
Merchandise "inventories
:
'
years.;
held of record At the close of business
The New York Curb Exchange on
21,357
■
Unamortized debt discount and expense
__^_
Other deferred ;debita-^,--^^WA^-----^--5yr4:
-
dn-
Original incorporation articles were filed in 1916.
The company's stock is listed on the Detroit Stock Exchange.—See
also V. 163, p, 2155.
-
*
/
150,000
$646,109
"
of the company will be held May 15.
In addition to
the usual business
to be transacted,
shareholders will be asked to
approve extension of the company's corporate existence for a further
30
<i
!
meeting
term
f
$931,153 :
$985,255
*
226,272:
$87,850
i
Prepayments,
Excess profits
310,000
-fify .yvfc V'b
;'1
.y*
^Fcb. 2 '46 "Feb.3,"^45;
Das^h? banks andt on. hand
$1,684321 ^$1,368,436
IT. S. Government securlties. at cost^—_______1,050,000
.1,161,880
7
T
1
——
2435.
hav£ received notification 'thatvtho?-adjourned
4
k 371,782T
Plantoand otber^investmeots—^ji_i^-_iiii,^.$13,780,344: $13^23(^196
Cash
^ 422,107 ^1,106,910
U. S. Treasury securities:
1,719,400,
2,241,700
; 20
•Special deposits
;
'2,418 'r
i
Accounts receivable, less reserve
____f
273,223
302,075
-.Materials
The stockholders
i' at
r^
^I!
COMPARATIVE BALANCE SHEET, DEC. 31
par
'
Detroit Gray Iron Foundry Co.—To Extend Charter—
'5
829,490
.
__
18,166
surplus
1,230,000
H*
and other \
adjustments
()ost-war
$2,105,802
'
808,255
31,685 * ^ 392,577
$66,108
requirements
dividend
Balance,
for
$2,668,109
328,000
(normal & surtax)
inc.
on
-181,869.''
288,978
:
292,417
(net)—_
B alance:
'
Dr123,995 :
•
l,5oO,UOU
taxes
Balance surplus ________—
Dividends paid on 6% preferred
^1,271,824
183,562
>
.
23,897.;
82,643
f
31,377
amort.
Preferred
v-See
p.
and
'
65,641
:
"
or"..
—
tax
'■'*/:.})
,
$3,849,729?
'
Stock—To Change Par Value of and Increase Stock
Columbia Gas. & Electric Corp. above.—V. 163,
mon
■
$84,274
Dayton Power & Light Co.~-Proposed Satemf Com¬
.
14,142
24,418
70,399
-Other; taxesa-;&-i—.j—
Net
:
contingeneies"'V--.-^4—
■,,
f
1945—12 Mos.—1944-
$353,334
$343,633?i $4,048,445
130,951 ;: 109,086^I,389;76<V
Operating revenues—^—
'
and' - -expenses
■
:l«f45^<mtli^l944
Period End. Dec; 31—
,
-
1
Fed.
ror
Excess profits
^
properties-
-
.......u..—
^Totai
Prov.
;
,
of
of
$2.164,156s
—47,001
(net)
sa.e
store
$2,619,303
—
.
Sa.es
furnishings, .including, work clothes, and children's apparel and fur¬
nishings. The merchandise sold by the company is normally purchased
in' the open market.
The company does not enter into long-term
contracts
for .the
purchase of merchandise, does not manufacture
any of the products sold in its *fl|pres, mar own any interest in a
manufacturing enterprise and, witli minor .exceptions, does not sell
under its own trade names any merchandise manufactured by others.
> * For
the six months ended Jan. 26, 1946, the company reported a
net profit; after taxes, of $659,914.:
" >7
<
:
The company has.no funded, debt.
At Jan. 26, 1946, the outstanding
capitalization
on
ciosed
—v. i63< p. 2004.
The Guaranty Trust Co. of New York has been appointed cob-transfer
agent for 1,000,000 shares of common stock, par value $1 a share,
Company, incorporated in 1932 under Michigan laws, operates ,12
general department and apparel stores, 11 of Which are located in
Detroit and
its suburbs.
The company carries
a
general line of
popular-priced household furnishings, ladies' wearing; apparel, men's
value common stock".—V. 163, p. 2155.
Inc.—April Sales—
operations—^—
income
Loss
Edison Bros. Stores,
i;Davidson Bro&* Ind^Stocfe^Ofieredr^MerrUii^y^-^i
Pierce^ Fenner & Beane and Bakery Simonds & Co. on
May 8. offered 100,000 shares ($1 par) common stock at
.$15 per share.- All of the shares offered are issued and
outstanding and are being sold for the account of stock¬
holders^ No proceeds, from this sale will accrue, to the
from
>'
AS
and Axniinister, 69^..
OF-'DEO., 31,
Authorizezd
4
1945
.i.
Outstanding
<
7
17,500 shs.'->-TN^tl7,5Wnh8w
*600,000 shs. : §t423,400 sjis.
First mtge. 4 % bonds, due Oct. I, 1956
$1,750,000
; , $1,750,000
$214% promissory notes? (1946-1947)< 1,000,000 :
750,000 .» ?
'Includes 143,164 shares reserved for Conversion of the 59r
cumu¬
lative preferred stock at the prevailing conversion rate of 8,1808 shades
of common stock for each share of 5% cumulative preferred stock,so
converted.
tSince- Dec; 31,; 1945;' .740" shares- of * 5% ^cumulative Pre¬
ferred stock have been converted into 6,053 shares of common stock
at the prevailing conversion-rate of 8.1808 shares "of .common^stoek for a
each share of 5%
cumulative preferred &tock : s6 eonyerted. ^ $ Since ,
5Vo
cumulative pfdr stock
stock (no par) :
Common
*
($10a par)
-
?;
.Volume flj53' Niimber* 4489
?c45'«^e
^General Cable
company ,.hasL paid, thesa notes in full-apd fc&s t®)£ /
not include the.'33,436 .
ank Credlt Agreement. JDoes
«5-
shares of stock,
being sold by the company.
LV C,/;•
•
;
A
Co
*
Sfu ^
Bah,
4,012
Burge & KrauS—
Bateman,' Elchler
Alex.
&
co.£.^_».
1,337
1,337
1,337
2,447
(Inc.)__r_
'"
M. Marks & Co-
1,337
2,447
Hoffman & Goodwin—
1,337
2,447
2,447
walston,
1,956
1,071
1.956
-1,956
1,070
1,956
1,071
__
Kay, Richards & Co.l
Loewl
&
Co._'_—i—
Henry 6', Robinson & Co., Inc._______
L.
Pe;tasoa, Tenenbaum Co.—
Sipith, Hague & Co.—
535
977
sa^ea, less distributors' allow. etc.—
Cost, Of goods sold—
•
be
ed;
-
including
"
Other
income
340,358
58,561
charges———
Prov.
Net profit —X
.
91,098
;
A-
7
,
Aug.
105
Profit
*$3,600
*$3,929
Cr32,000
:Cr200,000
$28,399-
*£oss.—V. 163, p. 1863.
~ '
* "
*
/.v
'
•
-•
...
•
Fraaklin Stor6» Carpv—April Sales Up 47:9%-—
PeriodEnd. Apr. 30—
1946—Month—1946
,
Sales
!.—, '$2,163,234
—Y. 163, p. 1565.
^
:;
•
-
4.94&—16Mos.4-1945
A
&
A
-
r
»After-- all
"61,32
^
-
$1.01
*
Froedtert Grain
The Committee
May
oa
131
1940,
par
ruled
the
$1,
Inc.-Split-Up— V
that
the
distribution
for
received
to
4
each
.by the
of
share
stock
common
be
quoted
shares of.
additional
one
of
stock
common
held.
"ex"
4V4 c/o
Electric
&
the
stock
of
-O:
has
rAt
the
call
)
,.
NV Y.,
in
major
for
-
Houston Co.
-
expense
•
stock
to
,
as
lieu
'
on
The
Associated
$746,151
.
& ETectriO
Gas
exchange for
,
taxes
Fed. normal &
surtax—
;
:
;
$9,421,643
exchange agent,
of
the
be
debentures
Fed. exc. profits tax-—
Depreciation
U
to
effect
the
redemption-.
redeem, in excess of. $2,000,000
the
entitled
price
Co.,
Ot^ier
'J„ "
incqme
;
$7IJ10
x
.245,343
*793,040^
income—net
1,453
T„759
$73,163
Cross income
Income
expects
company
to
increase
MARCH
+S
x
j
,J,,'
/.
V(
^
•
«
v
,>•
If
should
it
___L—_
income.
Dividends declared
—V.
on
$70,354
common
163, p. 2437.
'
$498,859
,
21,103
,
•»
20,533
...
$528,558.
.
31
'
9l[m.
46,799
/
'-i*
$481,759
$428,218
292 075
233 660
'
'
■
-
1946
The
^
stockhclders
Stellner,
the
ab
their' annual
number
Vice-President
of
in
meeting
directors
from
five
to
ron
May; S
seven.
-
Walter
/,..../...
,v
-
I
,1
,
-
the
>
and
Dividends op
Net
This
is
tion
on
plants/q£tsbme;;parts;suppliers.
1
semi-annual
a
prov.
Ry.
^
*.
-Dec.
15, last
were; made_an; June
Semi-annual
year.
payments
l24and\Dec/-15/1945.
•
Transfer Agent—
"
'
V*
1
-
^he
Chemical
'ii
Bank
V
1
*■"
7
' nj
'^v'
of
dividend
record
stock
30
of
>
distribu-
cents
♦"
^
i
,'{
J-
i
W
&
Trust Co., New York, N. Y., has been
pointed transfer agent for the common stock.—V. 163, p. 1863.
a
proposal to
will
-
stockholders
be
thje
ratio
sented
split
effective
tificattes
for
of
the
able
only after
—V.
163,
p:
the
new
opening
stock
shares
of the
stockholders.
the
2292.
old
-
will
each
of business
delivered
new
certificates
j.
stock
Dividends
•
on
Vai
ap-
<
have
May 13/.Temporary c.erby the transfer agent in
for
the
been
$2,391,810
109,375
>
406,695 '
$341,602. $1,985,115
'v, '
723,478
$1.20
866,924
$1.00
^
.
637,070
$0.54
666,204.
637,070
$0:54
866,924.
$2.98
_
.
.
$2.29
.
.
11/
;
.
/
,,
.
1946—3 Mos.—1945
.
$207,253
19.1,784
$605,178
171,015
$36,779 /
5,374
opers.
$36,238
-
$592,471
524,433
491,039
$80,745
16,122
.
,
$101,432
.
4,951
-
.
J.4,853
-
•
3,702
;
3,229
.
10*718
9,355
H
;
■
.
Net
13,081
.
$9,398
1,242
$15,285
1,149
$10,640
—
$16,434
191
Deducts, from .income*-'
Surplus appHc. i» int.
NOTE-rThe
in
labor
in
increase
-
)
$10,449
:
'
6,069
^
$36,311
$39,553
...
$8,145
574
_
$16,198
$7,571.
expenses"
"operating
26,207
»
$4,447
3,698 .
,
236
.
-
34,133
>6,087*
.
8,636
,v
t,
2,047'
incomeNon-operating income-..
9*188
,
2,051
*
-
ry. oper.
income-
2,981
7,744
3,173
Equip, tents (net Dr)_i-
due
was
3,242
.
,,619
-
..
$38,934
-
to
increase
and in increased number of track -tiescompared witbs the same- month last-year.
The?- increase in equipment rents was due to increased traffic.
and. material costs
installed ;
$6,281,336
as
;
:
—V.
..
I
-
"
60,556
60*153
873,334 i
.
•
-
♦The
"
deductions of
the
.
cos..:
each
new
share
stock
of
will
old pre-
be
"
:
■
exchanged for the
-
new.
7/
'J
1.
•X-
'
-
## axmuwl bieetlnr on May 14,- the 'stockholders will be asked to /
an increase
in the authorized common stock to 4,000,000
of S5 par from 1,959,775 shares of no-par value.
Action will
also be sought to eliminate 23,050 (harest of common stock which the
corporation purchased a number of years ago an<f has since: heltf i»;:
approve
the
treasuiy.
-
.
...
proposal to increases the, authorized common stock is being made
that the-corporation may have shares /available for the is-suftnee to,meet-its. needs as- they may arise.
v
Ai this time there are no plans for the issuance of additional shades..
Common stockholders of record at the close of business on April 10
will, be entitlted to vote at the meeting—V. 163, p. 2438.
.
,
237,470
162,429
85,000
—
—
23,583.
pfd. stocks paid or accrued
'
5,242
.
Golden C10w 11
,
,71,596
-
-
,
$3,334,047
of
income
for
t
•>
cents
per
the'
three-
months
*
■
..
& declared
a
stock,
General
to
Motors
provide
plant
Corp.,
states
facilities
for
that
the
goal
of
of
discloses au average:
the
new
,
in
passenger
stated
that
its 43-year
p. 2438.
." *
'
;SAjC;;•>/ ///
'Graef &
Alien
he
that
/
of
Avenue,
Sales
said.
N.
J.,
manufactures
and maintains an
City.
N. -Y.
added
$93,540,
net
announced
May 8
stock of this com¬
"
its
products
office
at
at
a
Fourth
381
n?V
1945, $446,110, the custodian
two years was $27,751
profit before taxes for the
respectively, with- a net profit after taxes of $19,678 and
$31,898, respectively.
Sealed bids on the
will'
;;v'
-
.
for 1944 totaled $372,855 and for
He
pany
■
the company
said
Irvington,
in
■
in the manufacture and sale of a line- of scissors and
Markham
Mr.
plant
and
i.
Property Custodian James E. Markham
is offering at public sale the outstanding
engaged
pany,
■.-
[Schmidt, Inc., New YwI^Ctrstodian to Sell
i
Stock—
cars annually.
the biggest consumer demand for Buick automo¬
history prompted the expansion pxogram which' is
designed to boost production nearly 50% over the 378,000 automobiles
produced during the 1941 model year,-peak prewar volume year.
^7
It was
biles
valuer of about $3$ in' gold" per: ton oyer a width
,
^> >'
-X '
present proposed increase in the price of silver from 71 cents
to 90 cents per ounce, 'if it becomes law as already passed by the'
Sefiate* sub'-coramitttee* should be profitable for the. company.—V.. 163,
The
■/
upwards
the
exceeding ,one .foot..
*
.
production
of
(one of the company's 10 mines), particularly the
Shaft where sampling from the surface to the bottom
80-rfoot. Davis
.In connection with the proposed expansion and modernization pro- /;/
gram by Buick, Harlow H. Curtice, Buick General Manager and Viceof
profits*
King Mine
Crown
/
is
Vice-Presi¬
premium, of $11 per ton,' this new ore shoot should .enhance
it persists into new large tonnage.:
.
This
summer
it is. planned to continue the development
last, and in preceding: quarters.
The regular quarterly dividend of $1.25 per share was
declared on the $5 preferred stock, no par value, pay¬
able Aug. 1/ 1946, to holders of record July 8, 1946.
program
Ralphs G; Brown,
if
'
dividend of 50
common
Mming Co.-—^Development^ Etc----
annual 'Stockholders' meeting-
dent/ -reported that; the company is mining; ore irunning over; .$2t--«•■■■
ton- at current
metal prices; recent assays showing about 5% zinc,
V/2%
copper,
4 oz. silver and about $2.17 in gold per ton, a total
value of $21.11 per ton.
Enlargement of the mill to a daily capacity
of 100 tons is contemplated within about three months time..
.
.. .
On April 29 the
company engineers reported that they had just
encountered an ore shoot running approximately 20%
zinc, instead
of 5% as heretofore.
As 5% zinc assays a value, including the "A'
$3,272,637
Motor$ .Corp.—Common Dividend Decreased-
share1 on the outstanding,
.
50,000
1,204
________
-
,
550,000 Buick
At
pay-: y
$767,833
' $794,249
•'
in -order
$3,561,904
..
charges—_______
consolidated " statement'
President
V
c-/ X'
;
.
shares
■
'Ari
1946
At
86,938:::;
Cr71,018
$0,556
45,345
836,999
;
r
'
Jarr. X to Apr. 30
:
.1945
'
^Gimhef Byetkers, Ine.^ N. Y. City—To Increase Stock
46,162
4,779
4,122
53;774
Cr36,576
.
163, p. 2437.
**
'
' $175,362
* $189,070-
Operating revenues——
$6,341,630
.
'9 Days End. Apr. 30
'
1946
1945
'
"
;
1
39,467
>/
;
Period
60,303/
...
;
meeting held on May 8 approved
stock on a 3-for-l basis.
The split-up
be
ry.
accruals—reg._
of
Gross:
par
annual
the common
at
three
by the
their
at.
$450,977
,
83,742.
$867,184
Unemplo^ Insur; Act of
f'
I939':———,
25.083T
-Buick Division Plans Expansion-—
.Gaylord Container Corp.—Split-Up Approved—
The
tax
,
' $ia, payable June 10r 1946 to holders of record May 17.
v 1946; ,'A distribution; of 75 cents was made on March 9
May 29 ;;;:
."
v
j,
fr.
rev.
Jt.;facil; xentsji (net JE(r)
:f
.
•
$950,926
—
"
2,983,893
150,474
r
for taxes
—The directors on' May
,
,
cash
share,:payable June 14 'toj stockholders ot
the same rate as prevailed before.the
100%
per
at
$4,634,333
2,242,523
,
$228,563
i Fed. RR. Taxing; Act
192^.
ended
March
31, 1946, and the combined statement of income ot
subsidiary- companies fox* the three months ended March 31, 1945,
include all the subsidiary companies, the majority of voting stock of
which is \owned directly or indirectly by General Publie Utilities Corp.,
except Associated Electric Co. and its subsidiary companies.
Asso¬
ciated-Electric Co.. and its subsidiary companies have been excludedpending the determination and solution of. the problems involved inrehabilitation "the subsidiaries located" in the Philippine Islands.
*
■
declared
$1,303404 /$1,020,614
537.,478
569*637
1946—Month—1945
<
Railway oper. expenses-
At -the
■
5
$4,821,065
186,733
-
,
_2,190,76L
«.!—$6,521,974
convertibledebentures
Other .interest
beyond the company's control. Such operations are being immediately
/' Geiieral
affected, he., added^ by ..the serious, coal shortage and also
by labor ' n
May
$1,064,727
- 44,113
(Corporate and Receivers Combined)
/(including: Statesboro ;Northern, Ry.)
Period End. Mar. 31—
"
carry-back provisions of- the federal tax law.
:; , '■" '
•
; -y
Discussing operating results*.;Mr. Galvia. told .stockholders that while
>
Expenses, taxes and other deductions of the trustees of Associated
the company -had coaverted to peacetiin^
productionv Suct& dperations X Gas <Ss Electric
Corp. and the trustee of Associated Gas & Electric Co.
had been substantially
curtailed and earnings consequently affected i
have been excluded.;-—V. 163, p. 2437/
during the first quarter i of • the-: year/ all. because of cireumstancea-
oh
.
/
•
Railway oper. revenue--
v;
X
2,834,053
—$6,37T,500
—
/Interest oh 'serial noted—.—,—
•
«
„
directors
43,026
,
;
r
,
——---
——"
income
General exps.
\
Co
•
-
followed prior
The
$1,551,430
share
per
V
<
Co.
^
2,918,83H
Ahorti^atipn of plant, acquisition adjusts.-- '
24,547
Prov. fofc-Federal taxes on income2,113,317Other provisions; for. taxes:--—"3,092,131
Net income
logs he
15 cents
103,825
;
Georgia & Florida RR.—Earnings—
-.
'
Expenses, .taxes: and income
H
Galvin,. President, said 'that despite
difficulties in ^the
2,415,496
♦Equivalent to'reduction in income and excess profits taxes resulting
bonds- applied- as a reduction of- refinancing costs.—*
12,474,687
..::IJ592T45/';Z-Ir708/I0'^
•corporation and subsidiary (subhulding)
and'
a -substantial, operatinganticipated that; directorswould maintain the dividend policy
to the recent stock dividend of 100-^.
He said that the.company had a net loss*for the!
period Dec.' 1, 1945
to March 2, 1946, of $485,401, not
including possible recovery under
.
1,999,488
3,01-5,911
310,875
10,839,704
The
y
voted
of the home products division
investment banker, head of Hickey &
J.. Hickey, Jr., Chicago
wdrCi-ielected-to^'.ifHl-rthe vacancies,
Paul ,V.
held
charge
M.
378,970
profits tax (net)
from; refunding
V. 163, p, 2437.
subsidiary
.
Dividend^ on- pfd." stocks paid on accrued-—
-
:
Quarterly Period—Declares l5-Cent Div.—
increase
to
2,319,324
587,030
828,640
'
>
operating Income
deductions-(net).
Earnings
and
expenses
and:;
v
New Directors—Shows
—
Mos.
1946
-1,103,630'
surtaxes-
.
1945
expensee ,Iy,. 12,878,220
Interest, en
^^Galviii Miff. Co. (Motorola)
Loss for
1945
'
———
to
/V
'V-
,"T
"
'
Haiartce ——$3;881,3Q4
$30,408
;
779.
3,000*956
>628,190
—L.r___t.
Income balance
Shares, oft com/ stlfc outstdg;: 1
"
Average for period
Earnings per ;share—
i
At. end of period-——
of the
borrow-
■
Other/interest) charges—.—
Interest. cha^
Misceil. amort./ principally' of. intangibles'—.
1
.
!
!
$519,392
stocki:-________
,
aniort.______
Net earnings
Interest and otber. deductions—__
deht-,-^/v—^-ii^_Z^v $h636-,983Z. $1,718,830
:
Net
Net
become
present bank
its
Amort, pf debt discount- and. exp., less prem.
Taxes:-assumed .oniinteresti-*-^——Z—■
661,143
6,487
.
163, p.
charge
' *.•■•*' - - •
converted int9'-:?Z
company will' em¬
Miscellaheous- income deductions—
2,808
and
Miscellaneous
receive the
—$29,290,696 $26,498,524
deducAidni^;exc), W
rev; ;
Gros3
ui270,967;h>
$507,449
$36,896
deductions—
♦Other
..
are
Income deductions of .subsidiary oper. cos.;
Interest on Jbng-torm_
163,596 ;
.
642,055
$35,136,
,
plant..
$7,710,289' $32,828,003
1,433,647 : 1,101,255
5,143,663
1.044,853
1,043,728
4,281,800
•„
deprec.
excess
is
14,
deliverable
principal amount
"
bpefaUng
for
Federal
and
Jan.
on
to
otherwise
:
3,901,837
896>949
69,760
55,804
41,234
'
2,026,294
1,128,627
13,425
„
Commonwealth
7
/ Operating income
Other income (net)——
4,109,008
8.4,503
52^00
corporation's
Traffic, commercial, general office
salaries/aiid: other oper. expenses
eight-year gold
have so far been-
/Provision foe deprea^ oft property, plant and,
2,151.320
.
310,244
83,086
the
.
$9,576,251
150,-387
339,123
General
Prov.
;
8%
the
■
'■t
1948—12 Mos;—1945
$724,261
160,096" :
i
Other operating exps.__
of
1946
application
An
Operating
;
—_
location
TV
(J
about
or
call
consummated
was
•
of / the; corporation
(subholding) companies):..
Subs;) ^Earnings---1 ';
1946—Month—1945
the
Maintenance
.
Gal veston
,
,
which
in
taxes
been
above? referred
stockholders of record April 15, 1946/ would
be mailed by; the transfer
agent for the company in New York, N Y.,
on May 10 (see V;
163,. p; 1565K—V. I63, p.-2291■»
period Ended Feb. 28—
Operating revenuea—
Equip, main. Si garage
at
Federal normal income and
redemption
debentures.
portion of -the 4V4%. debentures
prior to the redemption date, the
treasury .funds
Oifet/
>
>
.
G.
Operating revenues-/.—6^,487,716
v
Operating ,,;:revenues_i-i_w-.—
,,
Steel Foundries/has
"
l, '
'
Telephone Corp. (& Subs.)—Earnings—•
Feriod End. March 31—
-3 Months^—
12
Corp.—Weekly Output—
Zl-J':
common
-
■
General
;•/>' V
'.•?
.v"--'
(Including Subsidiary Companies Other Than Associated'- Electric
; ;
.
and Its Subsidiary Companies
stock,
common
4
mechanical and general purchasing activities.—V.
author¬
is
'
,
Corp.,
r>:
r"
Director, Etc.—
Vice-President of American
director.
a
Granite
x
for approval ot such borrowings, should they
become f -accessary, \ was" filed with the Securities and Exchange Commission. on 'May 8i >Tbe; exact: redemption date will be fixed after the
application to the Commission becomes-effective.
;
May
^
City, 111., and Karl 3. Howard, for many years Mechanical
Superintendent and Works Manager and recently Assistant Vice-Presi¬
dent, has been elected Vice-President to continue in charge of general
,
required to
incorporation for
of
•;
\
v
convertibble
issuable
are
York,
If. the
ings.
•
of
placed
Our maximum capacity
already
Hallquist, for many years head of the corporation's engi¬
neering department, has been elected Vice-President to be hv general
at
are
elected
Einar
♦CONSOLIDATED INCOME ACCOUNT FOR THREE MONTHS ENDED
I
on
Notice
Exchange that the- certificates for
distribution, to
Gas
debentures
1
Security Rulipgs ®f'the Nw Yorlt:Cttrh Exchange
on
class
approximately
necessary
;$<|;75Xl"»
depletion? ^d^'Pederar^
1-X
-NOTB-^The above earnings for 1946 include
$119,144 or 15 cents a
Share;; 1945, $80>743 ep 1# cents, h -sharer; 1944, $54,300;-of 8' cents »
share; 3943, $89,397, or 11 cents " a share, as
company's portion, of
CUban-American Maganese Corp.earnings.—V.163k p; T863.
- >
;
each
^
plan of reorganization of
New
ploy
^
charges^.Tlncludl^ /depredation,
•
tajtea ton 806,OQtt-shares.;
been
.
an
main¬
to
backlog
large
a
orders
.
:
authorized
the
redemption- price
,*^income,^i:^^r^3l^57^299|y:$804,98ff-;:n^60tv426-i-'4639i76^,S
tEarn,. per,com...sharai'^
of
have
would
to--dent
retail
before.
ever
p..2292.
charge
1.
shares
basis of
There
outstanding
Division
and. accrued interest.
Co.,
---^.-49434^3
1944
*
stock.
class A
greater than
bharles/ij.' Heater,
v.
common
ccmmon
-
the
on
dehvered ,in.;exchange>
,
1945.
r
of
debentures that
;
tiuarter&End. Mar,31—^ .1946 V.',
have
them.::ZZ-,v'/-'Z;;Z/';1
Freeport Sulphur Cov—Earnings—
payable Aug.
par class A
is
Buick
■ many
months
"the volume of
1946, provided for the issuance cf General Public Utilities Corp.,, 4'A%
Net. income
convertible debentures in exchange for 8%
eight-year gold bonds due t;\
Dividends, on preferred stock
1940 of Associated Gas & Electric Corp.
The company reports that of '
the approximate $8,000,000 principal amount of the 4% %
convertible
v
>
of
common
t
1946,
Associated
'$1,462,796 $19,850,978 $18,446,589
.
no
$6,550,000 principal amount
forjsuch. bonds.
Outstanding 4'/4% debentures are to be redeemed at the New York
Trust. Co.,. New York, N. Y.f indenture trustee for the issue;
The 8%
* "
eight-year gold 4>onds that are not exchanged, before the redemption
■ ■- da^e wiU, upon surrender of the bonds to City Bank Farmers Trust
..
..
-
5,
The
'A
$196,070
"
share
,
.
v
$344,598
the 306,689
mto common-; stock
dealers
our
the
for
that
be
163,
three
Each $1,000 principal amount of debentures
to the day before the redemptioh date into 59 shares
stock, wnlch ciosed on May 7 on. the New York Stock Exchftnge. at 21 V»- -
%
' 42,547
-
._
each
.'-s
directors
bonds,
Net
:
—_
^
share
for
common
dividend
current
a
stated
General Steel Castings Corp.—New
is -convertible up
,
25,000
(
V.
To Redeem 4%% Convertible Debentures—
36,118 Sf
' 25,872
$344,598
:
,.
convertible/ into
be
new
are
1
from the corresponding week of last year.
The
$99,736
f
Claims for refund on-Federal excess
profits taxes———
\
78,267
222,000
for est. Federal income taxesfor contingencies-
Prov.
the
reclassify
to
$4
;.v
j
56,616
,
May
production
"and
General, taxes
$41,977 " •'"$43,120
$100,539
of
General Publie Utilities
4,790,186
352,682
$657,697
and
$52.50
•
$5,185,991
_______
of
proposed
arrears
,
of
Total
is
'A vote, of -:two<-.thixd3 interest of
4.3%
4,044,973
56,899
also
four shares of
'1943
$4,427,309
;
would
from
The
required for some time-, to meet this unprecedented demand.
pushing our expansion program as. rapidly as wa- can to provide
% expanded
capacity and the additional employment that goes with it."—
The electrip putput of this ebrporation for, the ^weefe ; ended May. 3v
1946, amounted to 1.18,253,078 kwh,, a decrease of 5,358,191 kwh., or
.m,
income
dividends
accrued
of
preferred stock
present 671,858 shares cf no par
ized; issue of three million shares:
2,000
4,821,374
388,030
^ross profit—' $600,799 '
Other
dividends
It
31.
:•./•••'
>.
will
the unexchanged shares of 7% preferred stock
called lor redemption; on Aug.: I, at $110 a share plus accumulat- /
.
$5,810,203
selling, general and adm. expenses-
payment
1
1944
with
We
.
•
r'
1945
second,
plus
peak
orders
It'is'proposed" that
4,000
488
INCOME STATEMENT YEARS ENDING DEC.
cash,
and expanded foundry facilities.
1,325,000 square feet of floor space.
Mr.*-Ciirtic*"gstimated that
tain
of common stock during the next five years, into 2Vi shares Q
during the succeeding five years and into two- shares thereafter.
4882,000
977
535
487
-
Z
announced that the plan had been
..'4,000.** pass the necessary amendments of the certificate
the proposed -recapr-alizatibn,—V.
4,000
163, p. 1726. •
* ' >!
,',
2,000
974
1,956
1,956 >,,7*. 974
978
shares
.
5,000
5,000
5,000
5,000
5,000
4,000
4,000
in
The- new
^4,000
1,070
r
,
one share of a new $50 par value 4% cumulative consecond preferred stock redeemable at $51.50 a share, together
with. $12.50
5,000"*
,
1,070
Melhado——535
*
/$
■
of
shares
' '■
.7
building,
have
addition, Buick has leased the Government-owned tank arsenal
at Grand Blanc, Mich., as a huge
parts warehouse and shipping de¬
partment, and purchased "the aluminum aircraft parts foundry built on
its property during the war for expanded
manufacturing operations.
These buildings will provide an additional
1,000,000 square feet of lloor
space,;:;.w /v'-;
:
Z
•"■//•
tb(;theTxchange,':date,,Z///z;:;;-/::';,%>;v^
.
973
974
Co..—
&
i:.-!
will
In
i
ent preferred, including arrears of $52.50 a share, for one> share of a /
new
$100 par value 4'/o cumulative first preferred stock, redeemable
5,000; >:
5,000
•
973
C6/—1,071
&
Johnson
of four
rate
,
assembly
plants
the
vertible
1,216
1,216
973
Johnson, Lane, Space & Co., Inc.
exchange offer of
Total
40,000
1,213
1,216
2,447
1,337
Co
J.-C. .Bradford
Allan
2,447
—
,dtw
H.
;
—1,337
Tqe Ohio Company
R.
1,216
1,216
1,216
1,216
the
at
-
at-$103.- and
...
3,650
2,447
2,447
,
shares
common
15,000
7,338
.
1,337
—__i
Brown Sc Sons
Republic Co.
cent-ran
•Laurence
19,568
into
clasa A share.-'
expansion program, already under way in Flint, Mich., comprises
buildings, including a large modern sheet metal plant, a new
new
car-
preferred shares would be underwritten.
The principal features of the proposed plan follow:
-The holders of the 150,000 shares of $109 par value cumulative 7%
preferred stock would have the right to exchange each share of pres-
.
Hunter
9,732 /;
Wadely
shares
A
Dwight R. G. Palmer, President,
-
From $*:■£ From,
/.
Company
1030
p„,„„
class
the
NoV of Shs.ito.B6 Purchased——From
15
-
approved by the board of directors and that it was contemplated that
name of- each underwriter and the number wnich each-'ibas
agx-eed to1 purchase are as fouowsi/-vvv-v.-'-.t
,-,'/.
•
share, for two separate new preferred issues and the reclassification of
the
2579
The
Recapitalization—
on
.recapitalization plan which involves the exchange of the /
preferred stock on which there are arrears of $52.50 a
a
$7
cornmcwi ^for each
nfWRITERS—The
k »na*«9
t
on
present
l.
.
Vote
special'meeting of stockholders has been called for June- 10< to
vote
net'Pr«ceda to bie received; by the company from the &
I
33,436 shares of common stock are estimated at $606,124. ;
an*
ffn Proceeds will be added to the general funds of the company
used
t0
Chance
inventories,
accounts receivable and;
otherwise as general
working capital.
v
•
nroiiv.fT161?18'11'11® 81.564 shares of common stock now offered are nnrf r?
ued and outstanding and are owned by Harold E. Wadely ;
<
Oraham Hunter, the selling stockholders:
%... i
/
FiNANGIAli CHRONICLR
THE GOMMERCIALi&
•
100
received
be
.
...
A_
-
-
shares of
until
12
common
Noon
,
nn
n
~
1
capital stock of the com¬
(EDT),
June
..
7,
VToi,.
by
1946,
Vovlr
«?
the
'M * V
an
of Navy
.
Agent and Registrar— '
"N. Y. Paying
""
> 1946—4 Wks.—1945
$5,404,001
$3,677,039 $10,691,323
Period End. Apr. 27—
Bales
2157.
—V. 163, p.
Grant Co.—April Sales Rose 41.02%—
(W. T.)
.1946—Month—1945
Period End. Apr. 30—
2006.
p.
the
..X; /■■-(
the stockholders, at the postponed
April 22, approved an increase in the author¬
ized capital stock from 250,000 shares of $5 par to 500,000 shares,
par $5.
Gray is interested in acquiring from time to time companies
which complement or supplement present operations.
The acquisition
of B. A. Proctor Co., Inc., in December, 1945, was part of. this planned
expansion.- .
«
< The company has no Immediate plans as to the disposition of the
order
In
expansion,
finance
to
annual meeting held
V
on
as
stock
The
ZVi
(H. L.) Green Co.,
lated
The stockholders
$4,677,496 $17,251,535 $15,450,471
■
of
record
have been
May
17,
Total
'
Automobile
*"
■
.10
$0.06
.06
J02
.04
v--—
$0.20
$0.10
.04
:
,
v
A
'
!Electric
.03$
.06
.18
.035
.08
.16
.05
equipment
Pood
.
.025
.045
Fully Admin.
•—
.
Industrial
.06
.
'J
General Bond
Bond
y.,
.08
,
.09
>
.04
.09
.04
.04
,01.
.05
JO4
.02
.06
.17
v
.30
-
The
.12
.10
.•:
1
n .04^ j
"dividends are
[For record of dividends paid on Feb.
*his
^08
.
y.
s *
extra
;
1946 for first quarter of
28,
V. 163, p. 780.J—V. 163, p. 903.
year, see
r
o
"
'
.
'
"y.'
1
-5
.
CONSOLIDATED
Mar.
Banker Elected to Board—
Period End. Dec. 31-
1945—Month—1944
$1,440,565
revenues
1945—12 Mos.—1944
Maintenance
Depreciation
j
561,708
71,812
6,603,305
1,022,958
'
-
126,304
1,545,508
1,519,711
6,032,723
-
plant aequiadjustments—.
sit-ion
/•U 16,150
:
Net
Other
193,809
2,397,438
•1,272,972
$423,221
4,259
$4,857,495
$4,999,559
Br7T,456
Brl5,551
$427,481
77,287
$4,780,039
$4,984,007
77,107
926,180
1,152,705
$246,875
$350,194
$3,853,859
$3,831,302
reductions—
104,526
133,044
Earnings before giving effect to tax reductions
resulting from
amortization
of
emergency
*1,254,290
*1,596,542
2,599,569
2,234,760
taxes
Net- oper.
$360,939
■
revenues
Other income
•
95,224
.401,688
———■
(net)
Br36,956
Balance
Int.
and
Net
$323,982
amort———
income—aA
.
...
facilities
Preferred
;;
:
dividend
Applicable to
ri
■'
common
.)>/,'
t
'V
v
__
528,000
stock
"
v >.
r,
-
1 '
v
Operating
.
deductions,
nized
in
in
t
income
on
which result
depreciation at usual rates, allowable
for tax purposes as amortization of
emergency facilities but not recog¬
the accounts
throughout
their
of
excess
since
normal
such
life
facilities
and
not
employed
expected to be
are
to
COMPARATIVE BALANCE SHEET, DEC. 31
'ASSETS—
-v\r'
>v*
"T 5
/v
"1944
1945
'
'Total plant and. other investments
*
•
Materials
and/pupplies—^.i.————— aa
Prepayment's aa_
a
Claim
.
for
adjustment
income,
relating
of
Federal
amortiz.
to
of
taxes
111,848
Other
Total
—
265,067
59,569
Inc.
applied
funds
payable
deposits
i
777030
premium on
advances
for
1" i
debt
for
amort,
Res.
for
injury and
Res.
for
taxes
of
on
r
plant
29.638
971,883
277354
\
-
20,975
346,688
S
17,882
12,185,305
acquis,
adjustments.-^
11.125,770
904*457
710,647
■
claims..—126,273
income of prior years.——:
138,049
damage
1—...
V; 4,641,908
Total
163, p.
142,701
114,743
1,737,862
$73,620,301 $70,703,643
1028.
,V
.'v,r
ini
$2,302,109'
■
1,766,947
,
23,607,353
28,953,324
.
362,862
1,243,552
1,265,871
24,850,905
13,444,604
30,219,195
4,420,211
a,'.' "-.
,.$,310,182
3,091,917
■
■
*1,318,019
■
■
■/
•
■
17,385,619
'
-
,
153,232
151,708
11,253,069
17,233,908
38,303
38,316
12,833,579
■■■—a.-..■.
11,406,301
5,218,265
sinking
1,279,703
-
5,179,962
retroactive wage adjustments,
After
f
-
<
OF DEC. 31, 1945
..
Consolidated assets ar.d liabilities of principal companies comprisi; ing Illinois. Central System, exclusive of The Alabama
Railway Company and the Vicksburg,
and Vicksburg
Shreveport
excluding
(fc Pacific Railway
Company, and
offsetting securities and, accounts. .
ASSETS—-Investments in transportation property (after'depreciation
amortization), $508,328,486; sinking funds, (less Illinois Central
,,
System obligations of $3,397,000), $206,488; Capital and other reserve
funds, $245,539; miscellaneous physical property, $3,602,609; invest¬
ments in affiliated companies, $9,723,153;
investments in other com- *
j-|„Y
panies, $3,792,364; cash, $19,015,386;
287,690; special deposits, $5,675,770;
net balance receivable from agents
$3,410,90T
2,719,722
1951
98.75
103.75
—
110.00
40.00
47.50
-—
Plans
The
offer
of exchangeable underlying
will
of
terminate
the
board
on
of
V'
.
of
Indiana Associated
contingent
r
1946—3 Mr,s.—1945
$198,853
199
662
$216,904
153,442
$198,654
127,066
$661,655
444,540
50
50
$616,664
$662,317
217
150
595
•;
_
extended in V
periods not A
Operating
Operating
Rent
■
for
revenues-
expenses
lease of oper.
upon
—
-
28,'801
$34,611
...
42,705
$28,833:
.
.
$616,069
,
363,364
A
$112,974
75,296
150
148,087
103.991
1 $104,468
7
,-60,405
13,233
22,480
Net
income
the board of directors, to provide
part of the funds necessary to redeem the company's outstanding yr. —V. 163. P. 2158. A. A..
refunding, mortgage bonds due Nov. 1, 1955, which are redeemable at
107V2%' and accrued interest.
\
.A.'v''A- '.v;.•■
Indianapolis Power & Light Co.—Preferred and Com¬
The offer will not be effective unless it is declared operative by the
mon Stock Offered—Otis & Co;'(Lac.) on May 8 made a
directors on or before Aug. 1, 1946. The directors will have discretion
to declare the offer operative or not,
as they may deem expedient, A
public offering of 42,814 shares of 4%
but the offer will not be declared operative unless at least 50%
in A ferred stock (par $100) at $115 per share and div. frorn
principal amount of all of the exchangeable underlying bonds shall be
.'
B, upon terms satisfactory to
—
a
!
Telephone Corp.—Earnings
$217,121
Operating
revenues
—
Uncollectible oper.
rev.
A..,'; ■>! :•* V-V*'y'f 'i'if '>-iNy" 'lyi-
Commerce
offer
interests by increasing
It has indicated its
that were formerly,
157; p. 2449.
y.
1946—Month—1943
Period End. Mar. 31-
,
,
.
gaining those markets-for Britain
dominated by the Germais dyestuffs industry.—V.
bonds.outstanding
3, 1946, but may be
directors for a period or
June
plans to expand its dyestuff8
facilities at a cost of £ 9,000,000.
company
intention
147.50
108.75
";
Expansion—
Production
First 3s, 1951—_
52.50
First 3Vis, 1951—76.25'
Consolidated 5s, 1951—J
Division First 4s, -1951—.—
Industries, Ltd., London, Ehgland—
Imperial Chemical
91.25
.
O. Memphis
is
.
cumulative-pre¬
provided for, by acceptance of the offer or otherwise. If. the offer Is
declared operative, the new series A bonds, in temporary form,, will be
ready
-V.
7,947,32Q
CONSOLIDATED GENERAL BALANCE SHEET AS
Trust 4s,' 1952-L.—90.00
Purchased Lines 3Mis, 1952_____—^
60.00
Consolidated 3V2S, 1951
—i
■: 76.25
Interstate
series
195,128
—
26,205
931,942
construction
reserves.
surplus
590,704
187 962 r/
to
properties
(a) the necessary authorization from
v
Commission for the issuance of the new,., Operating taxes >——_
series A bonds and (bi like approval and the sale by the company of
Net operating income
$35,000,000, principal amount, of first and refunding mortgage bonds,
190,170
~
Louis Division
31, 1946, was $49^443,000.
discretion
The
the
3,821,827
liabilities--
Res.
Earned
■£%
918
Other deferred credits-;^,--
Depreciation
the
306,870
~159
.accrued-
Unamortized
-
."
.
(unappropriated)
*
23,148,390
6,971,508
30,907,264
i
1951^—--,—,^-^——-
exceeding 15 days in the aggregate.
27,300,000
———2,534^923
T^ces accrued
Interest
Customers'
'306,870
;
Customers'
11
Division
Omaha
The aggregate amount
as of March
11,101,124
—27,300,000
33,373,535
456.922 ■'
Balance to earned surp.
& N. O.
St. L. «St N.
C.
Said
11101124
on preferred stock
Long-term debt
Central
e. St. L. & N. O.
$12,000,000 $12,000,000
stock
current
Extended 3V2S,
C. St. L.
$73,620,301 $70,703,643
——
Premium
Other
3Vfes,
First
Illinois Central St, Louis Division
LIABILITIES-
Accounts
First
Illinois Central
64,193
26,499,808
rl
' " ' .
2,892,455
8,404,242
369,588
fxd.
income
Net
<
Illinois. Central Collateral
Hpreferred stock
Common
$703,224 ::■ $1,200,776
525,007
850,204
1—
Illinois Central St.
95,233
1,163,324
^ 129,631
debits>_,.«_»».^_„.«„>_>
—
637,824
on
expense-;
deferred
-
First 3s, 1951—-——
Illinois Central Litchfield Division First 3s, 1951
emergency
facilities
"Capital stock
'i'. iiiiiiifii
Central
Illinois
1,286,846
'
-
2,193,470 : 4,786,718
11'
Central Springfield Division 3VzS, 1951
Illinois Central Western Lines First 4s, 1951—-
12,000
680,530
.
■
—
8,007,945
rrm.ii iii
^ Illinois
1,754,000
—.
for
.charges —4,198,118
charges—-——
2,880,099
-
m721,373
operating income
Illinois
2,831,610
_
58,826,409
miscell.
3,828,530
Fixed
'
11,579,442 :
expenses
-
Illinois Central
$65,407,983 $63,761,492
i
.
.'Cash • —aa——-a.
•. !f 3,673,790
XT. S. Treasury securities
II
1,200,000
Special deposits _a.—-A—..——U—
'/v'
4,000
Accounts receivable, less reserve—II
1,185,000
82,199,944
.
facilities.
existing
replace
65,272,146
14,059,491' 38,772,332
22,463,733
temporary cash investments, $58,loans and bills receivable, $2,327;
and conductors, $3,201,103; mis¬
—V. 163, P. 2158.
*
cellaneous accounts receivable, $6,258,451; material and supplies, $16,509,334; interest and dividends receivable. $121,223; accrued accounts
Illinois Central RR.—Makes Exchange Offer to Hold¬
receivable, $4,105,912; other currentv assets, $397,497; deferred assets,
$961,524; unadjusted debits $4,236,731; grand total, $644,671,587.
ers of Underlying Bonds—Also Plans Issuance of $35,LIABILITIES—Common stock, $135,799,492; preferred stock, series
000,000 First and Refunding Mortgage Bonds, Series B
"A", $18,645,700; premium on capital stock, $128,755;
funded debt,
to Refund Issue Due in 1955—R. E. Connelly, Vice-Presi¬
$256 817 965; traffic and car service balances—Cr, $1,270,033; audited
accounts and wages payable, $14,239,109; miscellaneous accounts pay¬
dent, in a circular letter to the holders of certain under¬
able 2,067,004; interest matured unpaid, $2,391,222; unmatured interest
lying system bonds on May,3, statedJn substance:
accrued, $1,732,508; accrued accounts payable, $2,398,020; taxes ac¬
sThe company hereby offers to holders of certain underlying bonds
crued
$37,682,336; other current liabilities, $1,250,690; deferred liabil¬
the
right to exchange
said bonds, with all appurtenant coupons
ities $2,233,140; unadjusted credits, $22,381,827; unearned surplus, $7,maturing after July 1, 1946, for a like principal Amount of its first V 276 984; total appropriated surplus, $14,200,346; earned surplus—unand refunding mortgage 3 Va% bonds, series A, due 1976, to be issued
appropriated, $107,234,216; as this consolidated balance sheet excludes ,
under its first and refunding mortgage to be dated as of July 1, 1946,
inter-company-items, securities and accounts among the System com¬
plus accrued interest on the exchanged bonds.to July 1, 1946, plu$
panies are excluded.
The difference between the par and face value
amounts in cash per $1,000 bond as followsi,
of such items
as carried
on the books of the Subsidiaries and the *
\wyyyyyyyf 'y:vv ■- 'V
:; cash per ■■
amount at which the securities and items are carried by the owning
Title of Issue
^ $1,000 Bond
companies is entered here to balance, $16,912,241; grand total, $644,—
Illinois Central First 4s, 1951———
—: $120.00
671,587.—V. 163, p. 2439.
$1,645,360
/
^
*Extraordinary reductions in Federal taxes
less
ava'U.
Inc.
$13,004,039t$ll*402,185 $37,996,091 $33,530,805
revenues^
income
Net
■
from
"v
.
589,400
$2,071,569
requirements..
inc.
inebme
deductions-———
entered into an
$13,022,251 $11,417,571 $38,046,012 $33,582,599
18,212
15,386
49,921
51,794
Operating " taxes
Net
Extraord.
A
9,593,447
——
and
Operating
2,565,867
1,299,720
Other
41,237,073 171,638,806 167,071,959
oper,
ry,
1946-—3 Mos.—1945
1946—-Month—1945
revenues
Uncollectible oper. rev.
'% 193,809
16,150
243,194
104,384
Federal Income taxes
42,153,089
Railway oper. income
4,308,733
Equip, and joint facility
rents (net Br)-—480,203
^
the
Operating
Amort, .of
;
63,700,806 236,910,946 259,271,903
expenses-
Operating
51,746,536
TOtal taxes—5,284,714
that it had
announced
4
Period End. Mar. 31—
899,657
128,908
/
-
1944
$
Illinois Bell Telephone Co.—Earnings—
V
$1,547,277 $17,920,236 $17,484,302
606,832
130,821
.:
Year
Year
1945
revenues.
Operating
Gulf States Utilities Co.—Earnings—
Operating
Operation
ACCOUNT
3 Mos. to
31/46 Mar. 31/45
Net rev. from railway
Shares—
May
INCOME
4 3 Mos. to
outstanding shares of $5 par value common stock were
on the New York Curb Exchange on May 6.—V,
on
of Transportation
Coordinator
Federal
an
•
common stock from 600,000, to 700,000 shares; ' They pro¬
authorization of the sale Qf the additional 100,000 shares
together with 41,530 other authorized Common shares at no less than
$10 a share.
('■* '
^
4
The proceeds would be used to provide funds for: repayment of the
10-year loan, for redemption of the first and second preferred stock,
for additional working capital or general purposes of the company
or
for
acquisition of other businesses when favorable opportunities
to acquire them are presented. A special meeting of stockholders will
act on the proposals.—V. 163, p. 2007*
,.'2,16
anci
from net investment income
from net realized profits.
\*
"
..
listing
to
company
posed
:;09
are
y-"''
the
1945.
authorized
.14
■„■
.04
.04
NOTE—Regular dividends,
'
to
Aug. 23,
■"
'
,:
>—$403,075,121
properties of the company have been oper¬
order of the President of the United States dated
That order was issued because of a labor dispute. The
dispute which caused the strike threat has not been settled.
'
pursuant
par
a
agreement with the stockholders of the Metro Chocolate1 Co. for the
purchase of the latter's outstanding capital stock.:
Huyler's will fi¬
nance the acquisition by means ;of a 10-year loan.
; • ffMiThe directors of Huyler's have recommended
an
increase in; the
.17
.
.07
.03
v
>1..
also
off
-i',\
v,p
,
Sell 141,530
.14
.07
..04
—
:
Since Aug. 24, 1945 the
ated under the direction of
Huyler's, N. Y. City—Proposed Acquisition^—Plans to
.22
.14
—■
Ai'
The 200,000
.20
.06
A07
———,
total
.20
-
.075
i
Equipment
Railroad Stock A
Tobacco
A
y.
equipment trust obligations_$219,520,470
1946)
29,109,460
—
18,645,700
(as of March 31,
-i-ii
obligations
stock
^Common-petock:.^-^.—W^^:.135,799,49I;
special meeting held May 3 approved a 2%-
142, p. 2830.
.015
.
i) :/■*'
pay
admitted
.025
.
i.,
to
.21
.065
:
■Steel
Total funded debt, exclusive of
value.
par
shares of $100
.22
,10
.05
-
—
Railroad
yyy
•
.
Debentures due ;196635,000,006
operations.:
.23
AA
.09
•01
;
■
.10
.10
Merchandising
.
'Mining'
—————--I/A
Railroad Bond
...
Hurd Lock & Mfg. Co.—Stock Listed—
',14-
'
.10
.04
Investing Co.———J...—
'Low Priced
,
the neighborhood of 1,600
hart & Co.—V. 163, p. 2439.
.25
.07
.
yy
■
—
.05
.10
fry
.04
.
10
Maohlne—
Institutional
:M*f>
.05
..
,——,
—
Higgins, President announced the election of Fred¬
erick D. -. Geahart Jr.,. as"a director of the company/ Mr. Gearhart is
President of the New York investment banking firm of Kobbe, Gear-
y,Ad?5.2L
^
.C25
.
—
'
Andrew Jackson
AiOi
'
.045
Building
■Chemical:
bonds remain outstanding, the capitalization
completion of, the, plan will be as follows; j. A "
Preferred
Higgins, Inc.—New York
Half
Total
-
$0.10
■Agricultural
Aviation
Extra
Regular
;
c
First
For 2nd Quarter
Class
of-the company upon;
Corp.—Stock Split-Up Voted—
a
THE REFUNDING PLAN
of the
is carried out and if as much as 50%
underlying
exchangeable
approved the creation of a new issue of
value preferred stock.
The proceeds will
$2,500,000 bank loan with the Bank of the
Manhattan Company, to pay $1,700,000
for the recently acquired
penicillin plant at Princeton, N. J., and to retire the seriee A and B
preferred stock outstanding.
(See V. 163, p. 2157).—V. 163, p. 2439.
200,000
be, used
dividends on the various classes of shares of this
declared payable May 31, 1946 to shareholders
1946:
following
■corporation
$1
shareholders
The
Group Securities, Inc.—Extra Distributions—
The
aA
.
refunding plan
the
Exchangeable underlying bonds (not exchanged) due 1951
and ' 1952 - A-AA,
$24,721,500
Bonds of series A due 1976——24,721,506
Bonds of series B due 1986
;
35,000,000
4 % Bohds of 1953—;
:
——.
14,301,000
Louisville Division bonds, due 1953
;
—
20,386,500
Joint refunding bonds, due 1963 (excluding bonds held in
Company's treasury but including $3,307,700 exchangeable
-A
; for Leased Line Certificates)
-iii
65,389,976
split-up of the common stock.
This increased the authorized
stock from 1,500,000 shares of $2.50 par value to 3,750,000
for-i
shares of
'•(
-
,
,
CAPITALIZATION GIVING EFFECT TO
If
common
"
4
at
bonds, in the principal amount of $35,.000,000 will be
at competitive bidding.
They will be dated July 1,
price,
Equipment trust
at April 30, 1946 had 145 stores in operation, as com¬
The company
sale
program.—V. 156, p. 1473.
yet no definite
as
Hey den Chemical
1946—3 Mos.—1945
1946—Month—1945
pared with 146 a year previous.—V. 163, p. 2006.
V fi *V" 'i
'
'3 "J
'\ *
,,r>' •
' t *r ' vl *
t
V'
1727,
V
for
will mature July 1, 1986, and will bear interest at a rate to be
named by the successful bidder.
The redemption prices of the series
B bonds will be determined later, on the basis of the public offering
with the advent of April,
■' '
series B
The
a
>,
to
1946,
though it was stated there had been a considerable change of owner¬
ship in recent months.
' 1
- "
,
Mr. Moore announced that the management and the board of direc¬
tors had discussed the question of dividends but that they had formu¬
a
yet, no plans have beeen formulated
as
—$6,749,861
u-r
for
on
sufficient
retain
will
offered
reported
liability and possible renegotiation^wefund.
The number of stockholders continues in
such time
plans
turn came
a
amounts
Kuhn, Loeb & Co,, 52 William St., New York, N. Y„ has been
appointed to act as agent and depositary for the company under $he
Inc.—April Sales Increased 44.3%
Period End. Apr. 30—
'^Salos
any
warrants to present stockholders.—V.163> p.
1 r
V''
V %. ij ii
:for issuance of
.Vr 4'
denied
recently
management
split-upland states that,
stock
organizaaion until
will retain it in the
but
needed.
is
it
as
(constituting liens
company),
plan.
already been collected and a similar sum is expected to be on hand
in 10 days or so.
The tax reserve of $490,000 set up in the year end
balance sheet is believed to be sufficient to provide for 1945 tax
-
additional
year
Redlin
the
of
entirely voluntary, and holders who do not accept the
all their present rights.
>
offer Is
The
whole should prove profitable.
that the notes payable, which as of Dec. 31,
1945 were reported as $650,000 had now been reduced to less than
$100,000.
At the end of 1944, these stood at $2,670,000 and at the
end of 1943, $3,300,000.
Settlement of termination contracts with the
government is reported to be proceeding satisfactorily and of $245,000
in tax refunds scheduled at the beginning of the year,
$80,000 has
-and
Mr.
'a.' /Gray Manufacturing Co.—Stock Increased—
added that
but he
Treasurer;
line"
of,
A-A':; 7AAaa
mortgage..
first
,
principal
the
offer
inability to obtain all the material needed for capacity operations the
quarter of this year was not profitable according to G. H. Redlin,
1946—4 Mos.—1945
$18,284,564 $12,966,028 $58,848,032 $51,722,253
1
...
163,
.
.
$7,329,227
f
Sales
—V.
at
Show Gain—
' ' 1946—8 Wks.—1945
dated Oct.- 31, 1908
mortgage
"charter
and interest to maturity on, all outstanding
bonds secured by said mortgages, other than exchangeable underlying
bonds deposited pursuant to the offer (which includes all underlying
bonds maturing in 1950) and will secure the release of said mortgages.
If the offer is declared operative, the company will call for redemption
on
Nov. 1,
1946, all of Its outstanding refunding mortgage bonds at
107 Vi % and accrued: Interest and will secure the release of refunding
.
approximately $1,500,000 over the total reported to be on the books
the beginning of the year.
The present annual rate of sales is' approximately" $5,000,000.
In
commenting upon this, Mr. Moore said that "there is nothing that
can
stop us from doing $5,000,000'worth of Business this year; but
V. S. Barnes, Vice President in charge of sales, will say that we will
do nearer $7,000,000."
'
Annual sales of the corporation during the past nine years has been
$4,482,000. This compares with $1,264,000 reported for 1937; $3,588,000
reported for 1940; $5,582,000 for 1941; $10,427,000 for 1942 and a
peak of $11,818,000 reported for 1943.
'
<
Because
of some
difficulty in reverting to a peacetime basis and
York, N. Y., has been appointed
New York paying agent and registrar for the 4%/convertible deben¬
tures due April 1, 1956.—V, 163, p. 2438/
■/ .V.;
v y
■ y'
•
V
^
y'-A/
so-called
the
pay
Backlog of new orders on the books of the corporation is' approxi¬
mately $3,500,000, Paul Moore, President informed stockholders
at
"the annual meeting held May 3, 1946. This represents.an increase of
The Manufacturers Trust Co.. New
Grand Union Co,—Sales Continue to
trustee under its
Debt Sharply Reduced—
Assistant Treasurer. He formerly
Assistant Treasurership with Triumph Industries, Inc., makers
ammunition, at Elkton, Md.
Heasley has been elected
W.
Monday, May 13, 1946
Manufacturing Corp.—Backlog Increased—*
Haskelite
Official-
Graham-Paige Motors Corp.—New
Paul
held
CHRONICLE
THE COMMERCIAL & FINANCIAL
2580
A
for
delivery
If the offer is
with
before Aug. ,i,.1946.
"
declared operative, the company
on
or
the trustee under its
v
will deposit
;
in cash
mortgage, dated Aug. 10, 1874, and with the
May 10 and 88,564 shares
'
of common stock (no
par) at
$31 per share. The preferred are the remaining shares
out of the 100,000 offered in exchange by the company
A' to holders of its 5V4% cumulative
preferred stock and
THE COMMERCIAL £ FINANCIAL CHRONICLE
^Volume 163, ' Kumber 4489
the
common
from
the remaining shares out of 142,967 not
are
stockholders. Both issues
were awarded Otis & Co,(Inc) through corapetitiye sale
April 22.
' ' .
..
Th§ 4
less
than
30
.%
nor
COMPANY'S- EXCHANGE
5 y* %
,
OFFER
HOLDERS
TO
redemption
plus
$1.03
price
being
such stock from April
redemption thereof,
on
offered
company
five
shares of
New York,
Registrars for the
Bernheimer
Barret
of common stock of record
per share to 142,967 shares of
of such , common stock, for each
Fitch
apply the net proceeds from the
preferred stock, amounting to $11,deducting underwriting commissions and expenses esti¬
mated at $120,106), and (b) the 142,967 additional shares of common
stock, amounting to $4,194,674 (after deducting underwriting com¬
missions and expenses estimated at $94,336), together with other funds
in the treasury of the company, to the extent required, toward the
redemption or retirement of its present preferred stock.
Shares of
new
preferred stock issued in exchange for shares of the present
preferred stock are considered to have been sold at the initial public
or
exchange of
242,394
<
the
(a)
Bass
Bell
&
St
offering price thereof, for the purpose of the above calculation.
The
proceeds of both offerings, as stated above, aggregate $15,437,068,
and the redemption price of the presently outstanding 140,591 shares
of present preferred stock is $15,746,192, excluding accrued dividends.
On April
1,
1946, the company borrowed $3,000,000 from seven
banks to permit the retirement of $2,200,000 of 2lk% notes and to
provide the company with >$800,000 of additional funds.
St
Brooke,
Stokes
Brooke,
Marx
K. J.
Brown
,
Co..
& Co.—
Buckley Brothers
Berwyn
Inc.
"0.5246
:
1.7487
Burr &
Frank
Company, Inc
B.
Nelson,
Alfred
Inc.
sen,.
Priester
Collin, Norton St Co..;—,— 1.0492
Collins &;
Homer
Co.—
Cooley & Company....... 0.6995
Courts
&
CO.—...
Dempsey-Tegeler
Inc.
—.1.2240
Co
&
1.0492
....
Reinholdt
1.9934
—
Gardner
&
0.6995
1.0492
Dittmar St Co.
.i—.0.5945
Wm. F. Dowdall St CO.— 0.3148
&
Co,
the
incorporated
office
of
the
certificate
a
hW New
Secretary
for
Jersey
of
Nov.
on
the. State
incorporation.
of
19,
Con¬
capital
Stated
is
License
from
CBS—
//.t/hT'f/ V-:';'//
V
,
a
casting
System, Federal will have the u;e of certain supplemental
television inventions of CBS./
///////j//;*//
,"
'
Federal Telecommunication Laboratories
designed, manufactured and
installed the
ultra-high-frequency television
and
high-frequency
transmission
embraces
an
option
and
the
of
extension.
with
television programs
marked
Federal transmitter in
the
CBS
has
been
since
success
the
Chrysler Tov/er early this
scanners, combination cameras and
white and all associated apparatus
0.5945
Co
The Robinson-Humphrey
Riley
at
Hartford
broadcasting
installation
color
of
the
year.
Patent royalty arrangements call for the payment of 1% to CBS
by
Federal on such studio equipment as color television cameras and iilm
The Ranson-Davidson Co.,
0.6995
McFawn & Co
Gray,
Dempsey & Co.;
Co.—.— 0.3148 ^
H.;Pringle St Co.--.—J- 0.3148;/
F. L. Putnam &; Co., Ino.. 0.3497
1.7487
.
been
transmitter, including the
lines, now being used by CBS for color
patent agreement enlarges the scope
of Federal's television activities
looking toward complete unit produc¬
tion and service in this
highly important field of ultra-high-frequency
transmission//The license agreement covers a five-year period and
1.3989
...
.
filed
at
television
E.
&
originally
company,
has
antenna
0.3497
Co
had
be
color
Peters, Writer & Christen-
N. Leonard Cohen St Co... 0.3497
net
,
/*
Park-Shaug.hnessy & Co— 0.6995
H. O. Peet St Co..——.—. 0.3497
——
^
&
that
department
and
able to draw
will
Telecommunication Laboratories, Inc.,
an
affiliate,
has
major step In its plans for the manufacture and delivery, as
a complete
unit, of high definition ultrahigh-frequency color and black
and white television
transmitting stations, it was announced on May 6
by H. H. Buttner, President of the Federal Laboratories.
Under a
patent licensing agreement just entered into with the Columbia Broad¬
Browning & Co.— 0.6995
O'Gara
tax
it
now
Federal
0.6995
0.5945
McCarty & Co.,
/
Inc.
•
0.3148
/. Carmen St Company, Inc.^ 0.6995
Ulayton Securities Corp.i.^ 0.3497
-
1898,
taken
0.6995
2.7978
matters
income
International Telephone & Telegraph Corp.—Affiliate
Co.,
&
Inc.
2.0985
...
Cahn & Co
Campbell,
Moore
—
Mullaney, Ross St Co.— 1.7487
Nashville Securities Co.,
Bullington-Schas St Co
0.6995
Burgess
Leith—. 1.0492
,
T.
settle
that
Canada, in United States dollars, the earnings of its Canadian
subsidiaries, Mr. Hinman said.
/•//".'
;'•/'/'..
The
company is
working on plans for additional mills but has
reached no final conclusions, he said.
The demand for kraft papers,
board and rayon pulp,"among other
products/is so great that addi¬
tional capacity is urgently needed, Mr, Rlnman added.r—V.
$63, p. 2440.
Receives
Middendorf & Co.—.—. 0.6995
Milhous, Martin St.
McKnight, Inc.
0.3148
so
Incorporators are Everts C. Stevens. Roy C, Wilcox and Herbert J.
Reeves, officials of the present New Jersey company.—V. 163, p. 2293.
1.3989
Co
board,
/
Mayerstein Co.
0.3497
Mead, Irvine & Co.—— 0.3497
1.7487
&
0.5945
St
exchange control
nominal.
1.7487
2.6230
Gordon-Meeks
States and Canada.
'/■/
March' the,' company was able to
negotiation with the Canadian
necticut
—-——
Co
same
in both periods, Mr. Hinman said, and the improve¬
virtually all accounted for by reductions in tax rates both in
International Stiver Co.—HeiACorporate^--
R, M.
1.3989
Co
&
&
the
is
This
Co
&
was
/
Mason, Moran & Co.—
2.7978
Maxwell, Marshall & Co.— 0.6995
Inc.—. 0.3148
—— 0.8743
Co.L—
Tindall
new
(after
0.3148
Co.——. 0.3497
Co.,
Brashears
G.
PURPOSE—Company intends to
sale
M.
H.
Co., Inc.
Mackubin, Legg
Bank,
were
United
under
v, -
.
1946
from
Securities
McGann
the
foreign
Percentage^
0.8743
Co
0.3497
Inc.— 0.3497
& Co.,
.
f.
Albert
Brailsfprd & Co.—2.8097
York, and
stock; New York Trust Co., New
Harris Trust and Savings Bank, Chicago, 111.
"
follows;-
a?
0.6995
Co:---—;
Bloren & Co
common
approximately 4.2
served by the company
of
9.7924
Baum,
4
expired May 6.
Agents for the common stock, Manufacturers Trust Co.,
and American National Bank and Trust Co. of Chicago.
Transfer
Co.—
&
Baker, Watts & Co._
The Bankers Bond Co
Rights
held.
stock
common
&
sr®
about
ment
In
•
first qcarter of
$4,241,512, including
earnings from foreign subsidiaries,, comparing with $2,701,419 on the
same
basis in the 1945 period.
Earnings before income- taxes were
as
rendered
was
.
Precentage
Otis
Bache
holders
the
to
service
area
an
The total population of the area
its
Jack
April 23 rights to subscribe at $31
': common stock at
rate', of one share
in
respectively have agreed to purchase,
OFFERING TO STOCKHOLDERS
The
: "
Indianapolis
steam
this
W.
.
date,
same
.
fixed for the
-.
,
in
municipal street lighting, and one
as
the
UNDERWRITERS QF COMMON STOCK—-The names of the several
underwriters and the percentage of shares of .Qommon stock not pur¬
chased upon exercise of subscription warrants which the underwriters
the
,
At
utility subsidiary is estimated to be approximately 500,000./
total, it is estimated that approximately 83.2% is in Indiana¬
polis and surrounding towns and viU&8es, and the remaining. 16.8 % ;
Is in rural areas/
//■ •/"' •
V-
offer expired at 3:00 o'clock P.M., E.S.T.,
company'? exchange
May 3, 1946.
miles.
square
1, 1946, to June 10, 1946, the date
'
i
4
u
The
industrial, 11
company.
1,019: customers
Of
present preferred stock—$112 per share,
amount of the dividends accrued on
the
of
share,
per
and
electric
/ and
The amount of $1.97 represents the difference between the initial
public offering price of the new preferred stock—$115 per share—and
the
,
commercial
i-.an
share of present preferred stock Surrendered in exchange.
-
At
to
PREFERRED STOCK
CUMULATIVE
:
OF ITS
I
Winthrop W. Aldrich, Chairman of the Chase National
a
director, increasing the board to 17 members.
elected
/-'••'Net earnings for the
H
December 31,'. 1945 the company and its utility subsidiary renelectric service to 144,218 customers in the City of Indianapolis^
adjacent villages, towns and rural areas, all within the State of
Indiana, the most distant point being about ,55 miles from Indianapolls. Of these customers, 126,529 are classified as domestic, 17,677 as
Company, offered to. holders of its 140,591 shares/of 5%% eumudative ^preferred stock the opportunity to exchange their' shares for
'100,000 shares of 4%
cumulative preferred stock.
Each holder of
5 V* ft.
preferred stock making such exchange, upon surrender of the
certificate foy his preferred stock and upon payment to the company
of $1.97 for each share
exchanged, was;entitled to receive full shares
of ne\»
preferred stock on the basis of one share thereof for each
'
about 8.35% from the steam departfrom the water department, and about 0.30% from
and
90 days'
than
more
departments,
dered
notice at $118 per
share
plus accrued dividends.
Transfer
Agent—American National
Bank at: Indianapolis. Registrars-Union Trust Co.of
Indianapolis,/||Z
days'
electric
building rentals.
time upon'
Cumulative preferred stock Is redeemable at any
not
the
ment, about 0.08%
subscribed for by the common
2581
for
scanners
color
black
and
and
and circuits for picking up an
in color, transmitting it into video signals for delivery to the
transmitter and visually monitoring such signals
during transmission.
Federal's agreement also includes the right to make
.separate parts
for repair and replacement of used
equipment.—V. 163, p. 2293..
image
0.3945
——————
Rotan, Mosle & Moreland,
;Inc,^.
0.3497
Inc.
0.6995 % Dallas Rupe St Son
0.3497
Clement A. Evans St Co.,
Rus&Jk Company./.,——. 1.3989
Inc., -i
1.3989
Scherck;%Richter Co.
—. 0.8743
Ferris St Co., Inc.—
0.6995
Scott, Horner 4s Mason,
Foster & Marshall
0.6995
Inc.
0.6995
>Doyle, O'Connor & Co,,
—
•v
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
.
Interstate Department Stores, Inc.—Sales Up 39%—
'
'
.1st rntge;
1st
Outstanding
Authorized
Jbonds, !&V* ft series due 1970.; *Unlimited
bonds, 3%
$32,000,000
"Unlimited
$3,000,000
Cumulative preferred stock (par $100)
150,000 shs.
Commoq stock (no par)——-L*—•
1,500,000 shs,
mtge.
t2%
series
due
notes
2,000.000
3,000,000
100,000 shs.
1970__
—
"Unlimited
to
857*802 shs.
limited by the requirements of the
Instrument under which such, securities are issued,
tOn April
l, 1946 the company borrowed $3,000,000 from seven
banks
as
under
amount-but
retirement of the
$2,200,0OQ of previously outstanding 2Vnft notes. Such loans are evi¬
denced by 2ft
notes dated April 1, 1946, $200,000 principal amount
of which -matures two years from the date thereof and a like principal
seven
term
year
loans
to
permit
the
amount of which matures each six months thereafter to and including
6Vi years from their date and $1,000,000 principal amount of which
matures seven years from their date. ;
UNDERWRITERS OF PREFERRED STOCK—The names
derwriters
and
the
preferred stock
percentage of unexchanged
has agreed to take are as follows:
each
of the
un¬
which
Friedman; Brokaw &
Samish
Glover &
W.
&
Co.—.
&
Co
i
Percentage
Mackubin, Legg St Co.-— 3.00
Marx
Baker, Watts & Co.
0.85
The Bankers Bond Co.-;- 0.45
Baum, Bernheimer Co..
Barret Fitch St Co., Inc.—
Jack M. Bass & Co.——Bioren $ Co.--——--;;.
Brailsford
G.
&
Co
-
& Co
Bra shears
J.
&
Brown
Burr
&
Middendorf
0.85=*/
4.00
%-Milhous, Martin &
; McKnight,
Inc.
—
0.45
Berwyn T. Moore & Co.,
4 .v Inc.
—:—,—- 1.70
Mulllaney, Ross & Co
2.50
Hamlin & Lunt
Chas.
M.
Leonard Cohen & Co...
N.
Collin,
Norton
St
Hill
Co.—-———
St
Cooley
&
Company
McFawn
Cray,
0.65
& Co
Dempsey St Company
Dempsey-Tegeler & Co
Dittmar
,Wm.
E.
&
"
Inc.
.
&
Co.
Sarnish
Glover
W.
&
Inc.
1.00
.
'
MacGregor,
Inc.
/•«
0.25
.
0.45
D. Gradison & Co—. 2.00
Ellis & Anderson.. 1.275
Hamlin & Lunt.;... 0,85
Ira Haupt & Co..—1.65
£
Eastwood,
St
Bros.
Co.,
Inc..
Koppelman
&
Co
&
0.45
:
Stix
&
Son
company
Indianapolis,
National Sees.
tribution
and
and
St Co..
duction, distribution and
Straus
&
Blosser—. 0.35
:
Vercoe & Co.—
purposes.
dealers in the
to
its
The
customers.
company
Service-Co. and
Weil St Arnold
0.65
1.50
Westheimer St Co.—— 1.00
Harold
E.
Wood & Co
Of the
1945
income
1,580,206
215,928
66,086
215,928
215,928;
-
-
1,713,156
1,601,734
1,275,000
3,100,000
$3,618,452
24,263
$3,590,682
22,315
;
1,543,004
1,290,000
2,625,000
$3,620,894
9,164
debt
$3,612,997
1,197,291
12,965
$3,630,059
279,479
68,838
270,521
49,603
$2,121,344
—
$2,082,615
$2,077,312
$3,642,715
1,177,166
deposits, etc.
13,802
261,563
——
1,217,416
12,326
43,523
/
Net income
Cash
dividends:
Preferred
stock
Common stock
$738,156
$738,157
$738,158
857,802
.
857,802
857,802
—V. 163, p. 2293.
Insurance Co. of No.
Arthur
Wyatt,
was
Neal
incorp.
America—Obituary—«
&
in
Waggoner. 0.45
Indiana
energy.
the
October
generation,
It also is engaged
dis¬
in the pro¬
sale of steam for heating and general indus¬
-
Electric Building Co.,.Inc,,"
-■
consolidated operating revenue of the company and its
$18,370,613.11, approximately 91.27%
was
adjusted
$34.82
on
to
outstanding as at April 30,
that
date, with securities
prices, was $36.36.
This compares with
1946, and $29.16 on April 30, 1945.—V. 163,
March
p. 2007.
market
31,
'
•
;
,
.
.
;
Island Air Ferries, Inc., Bohemia, L. I., N. Y.—Stock
Offered—F, P. Frazee & Co., Inc. on May 8 offered 95,000
shares of common.stock (par $1) at
$3.per share.
are offered as a speculation;*
These
securities
Transfer agent, Corporation Trust
HISTORY—Corporation
for
the
was
Company,
v
«
incorporated in New York Aug. 28,
1945,
of
purpose
entering the air transport business.
As of Jan. 1,
1946, the corporation established its offices in the Administration
Building at MacArthur Airport, Bohemia, L. I., N. YV, Corporation
proposes
to furnish Long Island
and southern Connecticut with
a
This service- will,
in the first instance, include
the carrying of passengers and
cargo.
If the
to become a certificated carried is
granted,
corporation's application
it is expected that the
position to carry mail.
At
the
present
time,
the
corporation owns one Douglass
DC-3
Transport Plane, which it acquired from Army surplus stocks.
The
corporation expects to commence carrying passengers and cargo with
this plane on or about May 15,
1946.
The First National Bank &
corporation will be in
a
Trust Co. of Bayshore, L. I., N.
Y., holds a chattel mortgage on this
plane as security for a loan jto the'corporation.
;
/
'
:f ;
f
,
CAPITALIZATION, GIVING EFFECT TO PRESENT OFFERING
Authorized
-
5%
pfd. stock
(par $100)—,—
stock
A
(no
.
Outstanding
1,000 shs.
.
124 shs.
par500 shs,
Common stock (non-voting)
(par $1)-,-,
500 shs.
1150,000 shs.
95,166 shs,
.
♦Has
full .Voting power.
All of the stock is held by officers and
of the corporation.
It ranks equally as to dividends and as
upon corporate
dissolution with the common stock on a
share-for-share basis.
tOf which 30,000 shares are reserved against
exercise of the warrants.
;,
directors
to
rights
derived
WARRANTS—Corporation is authorized to issue
common stock pur¬
thereof to purchase 30,000 shares
of
common
stock at $3 per
share at any time during the period
commencing June 1, 1947, and ending June 1, 1951.
Of the abovementioned warrants to purchase 30,000 shares of common
stock, 20,000
will be sold at one cent each to present officers and directors and
chase warrants entitling the holders
Jefferson-Travis
Corp. — Preferred
Stock Offered —
May 2 offered 30,000 shares of
$1.25 cumulative convertible preferred stock (no par)
Richard J. Buck & Co.
The directors on
May 2 "declared a regular semi-annual dividend of
common stock, par $1, payable June 8 to
On Jan. 2, last, a regular of 10 cents and
extra of 2J/a cents were paid.—V. 163, p. 1285.
10 cents per share cn the
holders of record May 27.
an
at
$25
Machines
Corp.
(&
Subs.)—
dividends
1945
1944
$6,886,910
2,813,610
$9,726,437
7,208,800
$9,654,529
7,159,700
1943'
$8,206,604
5,766,700
$4,073,310
1,432,407
$2.84
Net profit, before taxes.
U. S. Fed. & Can. taxes
aggregate
$2,517,637
$2,494,829
1,091,443
$2.29
$2,439,904
1,039,546
$2.35
lative
Shares
Of
net
income—
fiscal
vertible into
com.
stock—
Earnings
per share—
—V. 163, p. 2440.
International
1,145,926
$2.20
Paper
Co.—New
Preferred Issue Ap¬
class
directors
to
issue
at
their
discretion
400,000
8 to
shares
of
of
preferred stock, with or without a limited amount of
The purpose is to exchange present preferred for a
like amount of new shares, it was announced.
/ Z1 .—
.
^
"
The meeting thereafter adjourned until May 17 because It was said,
new
common
4
more
each
than
New
York State authorities may require some changes in the com¬
pany's certificate of incorporation, which may entail further action
by the stockholders.
Preferred holders now have the option to convert
each share into 2Vz common Ehares, it was said at the
meeting.
./ John H. Hinman, President, explained that the new issue would place
the directors in a position to give preferred stockholders a second
option, and that the third option would be redemption of the present
-
■:/
fiscal
10%
•
shares
at
of
a
Rector
common
until
until
and
March
March
Transfer
Street, New York.
CAPITALIZATION
31,
stock
stock
//♦Of
which
number
of
or
or
$1.25
before
redeem
cumu¬
of
par
value of
25C each
.,;/&■ '•
-V,-
Agent—Registrar and, Transfer
//•/£;•;
////'///''
GIVING
purchase
the
as
31, 1947, 3»/2 shares until March 31,
1949 and 2y2 shares until March 31,
EFFECT
"
Common stock (par 250)—
;
500 cumul. conv. pfd. stk. (no par)..
$1.25 cumul. conv. pfd. stk. (no par)Common
the
stock outstanding at the
close
of
the
price not to exceed $26.25 per share. Con¬
•/■•)-»
Registrar
on
to repurchase
year
of
preferred
shares
stock.
preferred stock.
date
of
i
stockholders voted at their annual meeting held on May
the
not
year
shares
3
of $1.25 per share per annum are
Sept. and Dec,
All or any part of
notice at $26.25 plus in each case
of redemption.
A fund equal to 10%
days
1951/
2
proved—Directorate Increased—
// The
1948;
of
30
earnings after taxes shall be set aside
the end
convertible
previous
follows:
Consoi;
after
rate
June,
on
the
to
of consolidated net
an
1946
Quarters End. Mar. 31—
March,
callable
are
six months
Earnings—
dividends at the
quarterly
the shares
on
share and dividend.
per
Cumulative
payable
accrued
International Business
a
in
The net asset value per common share
based upon the balance sheet on
1946,
owned
10,000 wiU be sold at one; cent each-to/the underwriter.
Davenport, Assistant Secretary, died on May 5 in Phila¬
He was 53 years old.-—'V. 163, p. 1729'..
,
InsuranshareS Certificates, Inc.—10-Cent Dividend—-
authorize
engaged principally
V.
delphia, Pa.
Woolfolk Huggins & Shober 0.85
-
'
(The) Investment Co. of America, Los Angeles, Calif.
—Asset Value Higher—
/
«
connecting air service.
5,321,347
1,064,029
2,825,000
(net)
(bet)—
funded
0.85
has two wholly-owned subsidiaries, Mooresville Public
subsidiaries totaling
1943
5,667,852
1,251,244
1,577,393
.
1,275,000
—
—
—
profits tax
excess
0.20
Watkins & Fordon, Inc.— 0.45
Webster & Gibson..
2.10,
Company sells electric appliances and cooperates with
sale and financing of major load-building appliances
trial
profits taxes
customers'
.i— 0.85
0.85
of electric
sale
5,876,569
1,265,170
1,581,334
on
0.45
Corp. 0.25
is a public utility operating in and about the City of
Ind.,
——
on
0.45
;
Company..——". 1.275
27,, 1926 for a terra of 50 years.
The
,
1946—3 Mos.—1945
$3,222,325 $11,463,011 $10,763,664
^
Welsh, Davis & Co.—
0.85
1944
v
Newton Todd—..——— 0.45
BUSINESS—Company
&
YEARS
CALENDAR
a
•;
Amortiz. of debt disc, and expenseMiscellaneous
Sterne, Agee & Leach.—£.2.50
■
Securities v
McGann
Co., Inc.
/HISTORY
—
Interest
0.85
0.45
Co.
Albert
Rupe
Smith, Ramsay & Co.
T
MacNaughton Green wait &
McDonald-Moore
FOR
Smart St Wagner, Inc.— 1.00
0.25
3.00
Co
-
$18,370,613 $18,279,835 $17,326,496
revenues
Interest
0.45
State
4
1.50
Kinsley & Adams
0.45
Kirchofer & Arnold, Inc.— 1.70
Loewi
INCOME STATEMENT
/Gross income
Sills, Minton & Co., Inc.— 2.50
Johnston, Lemon & Co
Walter
•
■
1946—Month—1945
$4,479,854
—
163, p. 2007.
♦Class
—1.65
Co.
Inc..—— 0.45
Hincks
Co.-— 1.0492
Operating income
Scherck, Richter Co
1.00
Scott, Horner St Mason,
r//' Inc.
0.85
Seasongood St Mayer...... 0.45
Sidlo, Simons, Roberts &
.
Hickey -CO.^..——0.85
Hill &'Co.—
-il
—
2.00
j. H. Hilsman Si Co., Inc.- 0.45
St
—V.
Woolfolk Huggins & Shober 0.5945
.
■
Green,
Hendrloks &
cess
—Z—0.85
Dallas
Russ St
0.85
Friedman; Brokaw &
:/
Wood & Co..
Harold E.
Wyatt, Neal & Waggoner- 0.3497
Amoiflx.> <et acquisition Adjustments
Taxes, robber than incpm® And ex-
0.85
————
0.8743
0.5945
—
Rotan, Mosle & Moreland, /
Inc.——. 0.85^
Co.,
Marshall
—
-
Gardner
0.4546
—.—
0.3148
expenses
Total other
The
0.45
—
&
Foster
;
&
Weil & Arnold..
Westheimer & Co
,
2.7978
operating
Federal
Riley St Co.—0.85
Robinson-Humphrey
Co.——0.85
Doyle, O'Connor & Co., Inc. 0.85
Clement Ai Evans St Co.,
Ferris
'
Reinholdt
Co.
—————
—
0.45
Common, Dann &
Co.
———— 0.8743
Webster & Gibson.,-.,—-- 0.6995
1.7487
0.3497
Federal income taxes..
0.45
H. Pringle & Co.—
Inc.
1.70
0.85
Dowdall & Co
F.
Co.
v
/The Ranson-Davidson Co.,
0.85
Vietor,
1.3989
0.3497
Depreciation
'
Courts-'St:'Vo.-————;0.85/
0.3^48
0.3497
——
Amortization of rate case expense..
,
0.85
Co
Vercoe & Co.—
MacNaughton Greenwalt St
Maintenance
Peters; Writer & Christen—.
&
—
0.3497
Koppelman
Operating
0.85
sen, Inc.
Priester &
0.8743
Co., Inc.Hincks Bros. & Cq., inc.—
Johnston, Lemon St Co.—
Kinsley St Adams.^..——
Kirchofer & Arnold, Inc.
Total
Park-Shaughnessy & Co0.85
Patterson, Copeland St
Kendall, Inc. ——... 0.85
H. O. Peet StCo.——— 0.45
0.45
Co.-———-- 1.0492
J. H. Hilsman St
Nelson, Browning & Co—.. 0.45
O'Gara & Co.—— 0.45
& Co
1.50
& Co.— 0.85 /;
Homer Collins
0.6995
Co.
Hendricks & Eastwood, Inc. 0.3497
Hickey
Alfred
Campbell, McCarty & Com¬
pany, Inc.
0.45
Clayton; Securities Corp.... 0.45
: 1.3989
&
1945
Nashville Securities Co.,
0.85
1.0492
St Co.—
Henderson
Seasongood St Mayer.—. 0.3148
Sidlo, Simons, Roberts St
Co.; .———
0.6995
Sills, Minton & Co., Inc.— 2.0985
Smart & Wagner, Inc...— 0.8743
Smith, Ramsay & Co...— 0.8743
State Natl. SecUr. Corp....0.1749
Sterne, Agee St Leach—... 0.6995
Stix St Co
——
0.5945
' Straus & Blosser———i 0.8743
Newton Todd
0.3148
-
1.8885
Co.——
CONSOLIDATED
-
0.85
-
Co
//,/ Inc.
0.85
Company, Inc.
&
&
McDonald-Moore
1.00
Co.. 1.15
0.85
0.45
2.00
0.85
„
•/
0.45
Frank B. Cahn & Co
Co
/♦Gordon Meeks & Co.
0.45
0.85
Co.
&
Marshall &
Mayerstein Co
Irvine & Co
M.
s.Mead,
0.45
Co
Buckley Brothers
Bullingten-Schas &
Moran
Maxwell,
R.
0.45
0.65
Brooke, Tindall & Co.
-K.
Mason,
0.45
Brooke* Btokes St -Co.—— 0.85
0.85
& Co
0.5246
.
MacGregor, Inc.. 0.3497
Ira Haupt
Loewi
6.65
0.50
Percentage
Otis
'Bache
.
Green, Ellia St Anderson— 1.0492
Walter
I
—„—
Gradison
D.
,
Period End. Apr. 30—
Sales
warrants
TO PRESENT
■■,:,//f
Company,
/' /?•
FINANCING
Authorized
Outstanding
1,500,000 shs.
*1,045,305 shs.
27,500 shs.
15,119 shs.
30,000 shs..
10,000,
/ ;
30,000 shs.
C
None
reserved for issuance when, as and if
preferred stock shall be converted into
shares of common stock and of 10,000 shares reserved for issuance
when, as and if the stock purchase warrants are exercised.
/••/•;/
shares
of
120,000
$1.25
shares
cumulative
PURPOSE—Net
proceeds
(approximately
$661,000)
will
be
a$
follows:
(1)
'/;//
/ ••//.'/
/•■-// : •//;<:•
$400,000 in repayment of Manufacturers Trust Co.'s loan in the
amount of $250,000 and of Sterling National Bank & Trust Co.'»
loan to
company's subsidiary, Musicraft Corp., in the amount of
z/'/z:;/ $150*000.:,;./
2582
"i
The
(2)
balance
quirements
1
•
.THE COMMERCIAL & FINANCIAL CHRONICLE
;
_
will be used for working capital
financing of normal operations
$261,000
as
the
of
such
operating expenses* *
payment of
re¬
";
and
of
Aside
the
from
machines.
r
portable marine
:
.
.
7 velopment
.
wife of
Gladys Hampton,
talent.
Estimated irit.
(Pr_in'
Interest
-
•.'■NfeTpi,ofit___i.J,j",_
$758,184
548,457
176,978
180*694
transfer
The
,
and
agents
—.1
•Total ihc'ome
2,903
Other deductions
^
Nfet ihc'ome
Rfov.
Fed. tax.
for
on
of Fed. tax.
•Loss.—V,
95,853
-—-----
*$148,240
$487
'
due
79,478
-
*$148,240
Retail "Bale**-^V.
163, p.
$487
Sales Up 31.9%—-
Jewel Tea Co,, Inc.—Current
1946—4 Wks.-—1945 : " 1946—16 WkS.—1945
$5,978,864 $4,534,253"$22,829,084 $18,-242,18,4
j
;
2008.
had
Johnson—Partial Redemption—-
Johnson &
'
The company has called for redemption on June 6,
shares of its outstanding 4%
cumulative second
A, par $100. at $109 per share, plus, accrued
cents per shate.
'Payment Will tie made at the office
908
series
Co., Incorporated, 23 Wa.ll St., NeW
&
'
.of
1946, a total of
preferred stock,
dividends of 41
of J. P. Morgan
able
' I
FURPOsE—The
received
;
and
U
$34,118)
business at
1941.
before
other
The
25%
of
Ralahce
equipment
''
•
by. its
two
;
-
hydraulic- lifting
skates,
-
Profit
!Gross" sales,
other
■
Other
deductions
Federal
Prov.
exc.
-
i.
for
duction
;
&
war
32,071
Dividends
r-
•
-
-
690,000
Crl6,704
April
A
^
'
■,
.
30—
'
spared -with 709 a
dividends thereon
tJommoti stock
(her par)
SiNIC|NG FUND—The
pay
rj
■
1948, as
redemption
bf
and for
bonds,
;
211,165
shs.
amount of boiids which each has agreed
fellows: .."v'IV,: 1";-. v/x'.:r. v: V' •'; V
and
the
princi¬
RitiT,
$dbd;d00.
to
to
purchase
V;'
■ ■,
N. H. Rollins & Sons. Ind.
are
;
-'i''--'
'■
_i—:
which
'
w.Vm.
-
■
.Ai*-t.; r .w
$8,590,255.-
$5,366,472
determined
Wete
900,ooo;
280,864
1,906,98(>
630,805
thfe-.
under
"last-in,
by
the
company
for
in
1945.
Directors
shares
on
(entire
the redemption of the 9,000
preferred stock at $110 per-
Jan. .21^ .1948, authorized
outstanding issue-) of 4%
to April 1; 1946, of $1 per share. Fuhds:;/
to provide for the redemption of the stock were deposited in trust on
Feb. 8; 1940. - These shares were retired on Feb. 27, 1948, with the:
filing -of a certificate of retirement of preferred Stock With thfe r
Secretary of State Of Delaware.' Funds required for the redemption
of the*preferred stock were obtained, in part; by a short-term bank
loan bf $350,800 Which Was repaid on MftrOh 11, 1946. plus dividend accrued
•SAfter
in
reserve
for
depreciation
of '
$352,708 ih-,1946 • ailfiv $319,19$
1945—.163, fe;'905.
'
Lfthe
fegyaAtj inc—\pril ■ Sales Increased. S5.4%-r
1946—Month—1948
—v.
appidVihg i prtipOeat to
*•
,
166,500 shares,
4.. *V- - ¥
distributed among
'!■
„
f*
totaPed $1,101,656
m
..
,,
i" Annual Report—S. SrKresge, President, oh May 2, in
the corporation's annual report to stockholders,- said:
-
Of
The operations fof
^ ■ •' *
hrofft
of $260,103
yeai* Were
preferred stock and
$161,431,
f- •?;5b tents'
"
0 As
:
per
authorized by
1946—4 Mos/—1948 •¥ -.
$l2,761,574 .
-- ■
L4ice' Superior District l*ower
Co.—IJividehds-r-
¥
Thb tlirtffctdrs bh Abfil 3ft declared a: dividend fef 30 cbntS per khaVb
oil the'common stock, par $20, and the usual quarterly dividend of
$1.25 pet share tin the 5%, preferred^ stock,-par-$100, both payable Jiine i_to holders of record May 15.
A: payment of 30 cents per Sharewas also paid en the-common stock oil March 1,- last; while in. 1945
the following dividends were paid on Said issue; June 1, Sept. 1 ana
Dec. 1, 30 cenls each; and on Dec. 29, a year-end of 20 cents.—v. 163,.
p.1 1569.
"
"
'
>
the yba'r ended Feb. % 1946 'resulted in h
$174,794 after Federal taxes/ as compared with a prolit
preceding fiscal year.
Dividends paid during the
-for-the
163, p. ados;
-
$2,856,338: $15,097,927
.
or
;at hook value plus, $500,000 in oash^
$$,868,383!
Sales * V
Lefcourt Realty Corp.^~To Retltd
The
1
of
its
corporation
outstanding
i*Tefetericfe Stock-^
redemption on June 7, next, al)
convertible preference stock, ho par vaJufei at $45
has
called
for
share, plus accrued aria unpaid.,dividends of
total of. $81.50 per share. V
....'.,yv
Holders may receive immediate payment of the
$36.50 per share, or
per
a
,
.
•
-*
Federal income and excess profits tax:
Feb. 2; 1941; IB subject' to review, ahd.:';
Department. In the event that
the basis is not accepted, the liability for estimated Federal Incomeand excess profits taxes (and Interest) Will bo increased by approxl- '
(pateiy $175,000,
4
y "
.
'
(f After reserve, for dotibtful accounts of $35,630 in 1946 and $48,221;
1945—4 Mos.—1945
.
of
basis
.
.
as
$350,000
3,120
.
purposes for the period; slricC
acceptance by the U. S. Treasury
$336,416
>210,000
representing, $4- per share on the 4%
share on" the eommon stock. V
the stockholders at a Special meeting Held Feb. 25,
Paine.
Webber/ Jackson
.:; Central Republic Co., Inc.
350,OCio
/1946, the - assets of the company as at the closfe of business Oh
-March 4, 1946, excepting c'flSh or-its equivalent and1 shares bf feapital
Ac'-450,000-"--H; Mr Ray son & Co._^rr- 150.000
i-stock cf The' Fair,; were
Estabrook & Co.
"'25.0,Q00-:;>'Julieii'Collins & .Co.^_.,.: 150.000
^sold\tch.Wdodward Ac-'LOthrop;';WaShfngtoiV,
•D"
Charles H. Gilmaii fe Co;
100,000-;
V\ "The/amount received was the feook value of the assets- Sold
pal
Cbffiti
instalment.
On
merchandise,
of
3,130;
'X
2,972
3,130 '
method have, for the ihost part, been Valued on the;
first-out."
This basis of Valuing inventories or
merchandise was adopted as of Feb. 2, 1941, attd the amount stated'
above is approximately $210,000 less than the amount computed oh./
'the basis theretofore used.
The application Of the "last-in, first-Out""
50,-000
44.75% of the common" Stock of The Pair, Well
known Chicago department, store.
These figures do not contain the
amount derived from the safe of the Palais Royal Atoffe in Washington,
D. C. to Woodward and Lothrop last February.
The store 'Was' sold
148,947 Vi Shs.
ne^ earnings (aiter interest and Federal taxes—for the next
preceding calendar year.
In lieu of money, the conipany may deliver
to
the corporate trustee bonds directly acquired by the company and
be credited on its-sinking fund requirements with the cost
thereof to
the company, hot exceeding the principal amount thereof.!,r;:':/;.';/
underwriters
-
1
wiriventories
basife
.
sinking fund to be applied to the purchase
a sum of money .equal -to 20%-' of- the
the
l7h0 stockholders - will Vote May; H '-fen-,
and
a
of
charges
;Y'i\i' v'x'X.v.vj■'*¥'•-i'"l• v\
share
219,000
:
If. approved, .the assets of the. corporatfon td fee
Stockholders will include cash, which on Feb. 2, 1946
company Will covenant in the- indenture toor before July i in each year begin¬
UNDERWRITERS—The-names
carrying
receivable
Total
Department Stores, Ind.—To Dissolve—
^dissqlve'this corporation,.
.
: 150,000 shs.
853",170f;
"
w4l,58ft:
f4% ^umi-first pfd; stocit <$ioo par vaiuc)^—w. . Koodoo
stock ($1 f>ar value),,
250,884
capital surplus——i..,
-U-——
1;906,986
Earned surplus Since Jan. 31, 1933
644,167
April 30,; 1946 had
v
to'the corporate trustee, o"n
ning in
or
;■ -
.
,
60,000
;$918,649 :$l,048,329;
—.——
——
—
Fferldd ferid. Apf. 30—
Kresge
■
.
60,000 shs.
$3,596,258
Common
'•
;
40,260
"
Authorized '.
' standing
feds;, due April i, 1066 ' $2,800,000
$2J()0,000 ; :
j '7,047 shs. •
- 2,447
.
sRS.
20.000 Shs;
13,293 L sh$.
„
.
accounts
,
1st hitge. 3V4%
Prior preferred stock ($l68 pari___
Preferred stock <nb par)
triaSs A Stock (hb par)™_.__--^^i_
:
.
Lfabillty:4or;i^tfemptmfl:''':Af'v$^i>f,d.'' stbek-and
824,423
-
$345,476¥ $282,442
1946—Month—194'5
6li540"
-
Accrued wages and otlfer exps.
•Reverye for ektimated Federal ihcbme;and ex:cess profits
$65,170,133;
FINANCING >
"t
: Out-
'
,
LIABILITIES^--
70i stores in operation as cornyearf)e£oie.«-'V,. 163,4).- 2158.
**,,
,
.
The company on
43,50f»
•«
,
*
■
Afects, pay; arid
4,208
145,000
-
50,000*
-
approximately
*
t
.
.
...paid, expenses-i—-' \
.
(8. St) KfRsge t5ok—April Sales Increased 32.7%—
$297,318 will be deposited with the corporate trus¬
aggregating $1,200,000 to be applied to defray
the cost of construction and equipment of the Hammohd plaht.
f
,
-$1,455,75R
:
f"S^366,472
2158.
Period fend.
1
2/46!;iFeb..3,'4&l
$1,101,656
Prepaid insur< premitimS; .taxes and Other pre^
,/
pro¬
—'
„
;
693,811
680.232
1,464,242' 1,250,030 ;
1,498,000. ; 1,498,00^.'
■"Sundiy-4nVestments
-j. y ,
" ,3,52$:v'', :>'-3,528.;'.
Postwar refund of excess profits "tax (est.)-"— V""
93,00l>
^LArtd; :b)dgS;^|IXt^ Aquli). fend VUtOS. (at tdSt)"" 1"4d9,197'
831,952; ::
.
9,715
150,000
735,991;
-
-
y:..,
1
paid
—V. .162,.p.
".
$630,805'
and sitppiles—-1
Investment in The Fair, Chicago!..I affii.! rco)-- :
$1,360,046
i-I..
contingencies"
Net fetoSif
-'
costs
reconv.
Si* 1933;.——$644,167- !
.COMPARATIVE RALANCE SHEET
■; %
"""" ;'V ;
Feb.
•Merchandise
9,303,195
$1,228,149
150,000
r
lAccbunts-receivaWn-!%-i.^i^w^»-iw-«^-ii—/¥-.....'
if
$1,214,847
46,075
--
/
125,431:
jlL Sr. Government sectnities/ ai!Vostwi^-i.--;-44,500.
.;
$1,341,430
;
18,616
profits tax—less credits
36,018
v.**.
123,431
.
.
;
$792,251.;
36,000
—
—
532,148
•
$'805',398 V
share)
-stk,. ($4
per
Cash
463,564
$1,196;078
;Federai nonnal inc. tax & surtax.-
tee as construction fcash
s
,.
i: ASSETS—
$11,509,545 $11,110,188
28,760
income
630,804
first, pfd.
Earned surplus since Jan.
;
1943
463,106
.
(50c.
bum.
4%
^
^
farm,
to
9^41,362
: ;i
i~'
income
Total
.
,
'
Stk.
com.
on
\ $260,103
'ff; $174,794
——
beginning of period——-—
<
retail inventory
$1,186,087
Balance
redemption premiums of 6% On the entire presently Outstanding
first mortgage sinking fund 4'/4% bonds which are to be
called for redemption not later than June"3ti, i946; and "(bi the'bal¬
ance (estimated at $902.682)rtdgVther With sufficient aciflitional fuhds
>1,
period————
,
end
'
the
on
Dividends
that which
453,082
n
'.w^,
r
8,553.811
•
=.
Selling, gen; & adm. expenses.
40,900
$824,794
$990,103
680,000 "'. 730,000
.
—^3—-I™"
Dividends
Cdrporatioh
1944
less discounts, etc.—_r $10,192,-980
OF products sold-"-
: Cost
the company from the sale of the bonds now offered,
$2,810,682 (after allowance for'expenses estimated at
Will be used as follows: (a) $1,908,000 to pay-the principal;;
; tAFTf Ali2ATlON blVINo "RFFRCt; fd: RRfesfeNT
for
Total
CALENDAR YEARS *
1945
-
———
.
Earnfed surplus at
.
attached
:
—
,
$908,636
" -81,467
$733,088 L'
v
86,706
taxes—
(Prblslon ton estimated Federal income taxes
'
Uheal-ned
devices
^
A.L
——
V
'
-
and intended to be done,- by - the
subsidiaries isr substantially the same as
dohe,
(53Wks.>
$9,828,608
8,879i072
'
-
CONSOLIDATED"INCOME; STATEMENT." FOR
-
rit
"
—
."■per share
Substantially all of such inventories con¬
purchased for use in the production of
•'
Feb. 3,'45
(52Wks.)
leased
Profit before prov. for Federal income
of
the
roller
sweepers,
$1,800,000
of
sales of
(ihcl.
Othfer incoirie
production
the
i:-.:'-'1'-'
sales
one
tractors, electric ffencev controllers- fot use 'otf-farms, ahd the manu¬
facture, arid sale of. a miscellaneous line of less important products.
interest) "to be
(excluding * accrued
proceeds
their
78% Of the products manufactured by the corpothe hve-year;,period ffoM i94i; tov 1943, jnciuswe; :cdh*
artillery shells, tank parts, iadio t transmitters,' tmd Shell
DUrihg
Sub¬
,
departments)-. $10,654,518
cost of sales and operating expenses—9,875,818
Provision for deprerciatton and amortization^—
>40,613
was being fcoriductfed by them immediately
priof to the beginning of
"wartime defense activities ifr the early part of the year 1941.
Such
.business consists oi the. manufacture "arid sale of automobile parts,
both mechanical and electrical, radio receiving sets, stokers, vacuum
.
company
net
made
necessity.
. The
business
by
estimated
conducting
were
.
Feb. 2,'46
%
>
;
Net
;
Bv the recOhvferMoh Of tliO Kckomb
and- -Rrohson- plants), >During the years they were engaged ift war
work
they expended for additional buildings, machinery and equip¬
ment
required for such work approximately $873,000, of which apr
proximately the amohrit of $334,000 was Covered by eeltificatfes of
Was incorporated in Maine March 18,
1935.
Company manufactures- a wide variety -of- molded pulp-products
comprising more than 75 items made of groundwood pulp or wastepaper, Including
plates, dishes, and packing material for eggs arid
other
fragile articles.
It also manufactures molded fibrous plastic
articles involving the use"of a combination of pulp, arid-resins.
It
operates a manufacturing plant located on a continuous site situated
partly in Watferville and partly in Fairfieldj Me., and a groundwood
pulp mill known as the Shawmut Mill located in the part of Fairfield
commonly called Shawmut. Operations of the company and its prede¬
cessor, Keyes Fibre Co., Inc.,
and theretofore of the original KeyeS
Fibre. Co. have been carried on continuously, since 190$.
For the. 12
months ended bed. 31. 1945. the Company's output totaled more than
1,400,COO,000 individual pieces.
The company has acquired approxi¬
mately 3512 acres of land in Hammohd, Ind., arid has prepared plan's
lor the Construction and equipment of a plant .thereon to manufac¬
ture molded pulp products similar to those now manufactured at the
"Watefvilie-Fairfieid plant, '
COMPANY—The
Fiscal Year Ending—
three othfer
merger of
PERIODS
ACCOUNT FOR FISCAL
'
No serious problems are presented
LECtAL FoR RaVINGR RANKS—The bonds will be' legal investments
*fot savings b&nkS; in Maine.
(
< V.
s
,'"
beeh
not
'ciVili< products.,
trus¬
i
result of a
.
Me., and at the principal office of Old Colony Trust
of $1,000, regiSterable
as to
principal dnly. - Redeemable as a whole or ih part at the Option
of the company at ahv time upon at least 30 days' published notice
'lafc following percentages of principal amount; 1067<? through April 1,
1947, the premium thereafter reducing .5G'V for each i2 months' pe¬
riod ending April 1 on or before April 1, 1952, the premium thereafter
reducing .25% for each 12 months' period ending April 1 on or be¬
fore April 1
1963. thereafter at the principal, amount in every case
with accrUed interest to the redemption datfe.
Canal National Bank,
•'
all
merger
acquired for war Contracts.
sisted of materials recently
CcUpon bonds In denominations
V/llliaih B. Nulty," Individual.
the
shares of
distribute
r
iNCOMl;
1
four-year period, 1942 to 1945, -inclu"ive, Douglas
Manufacturing Co. made parts for tahks arid other military autof
motive-equipment.
This manufacture constituted abotit 86%
of the
business done by Douglas Manufacturing Co. during such four years.
;
At the cessation oi hostilities With Japan, the-Government and Others
with whom the corporation held war Contracts commenced the t/er.mination of such war contracts until, at the end of the- year 1945
all eklsting contracts for war materials produced
by the corporation
and Douglas Manufacturing Co. .had'been terminated.:." No war mate¬
rials have heen produced by thfem since that time.
'.
;
inventories at Dec. • 3i,
1945 incivded no vmaterials therrtbfbre
1946; due April J. 1906.
Principal and Interest,,pay¬
1 and Oct. 1 at the principal ofiice of the corporate trus¬
Corporate trustee, and
Company was the
.
fuses.
Portland,
Portland,
*1,091,065 shs.
Approximately
Vork, N, V.-—V. 162, p. 3193.
tee
Outstanding
Kokomo.
,sisted -of
April i,
April
in
tee
of
consfqt
the company at present
166,500
to
course of liquidation should be subject to the capitkl gains provisions
of tKA internal. Revenue Code,'
•
<*
<■
-*•
„»
It is anticipated that two-thirds of a share of common capital stock
•
tibte td/— Worlds - Offered—As' meiitidned ih
publics offering of $2,800,000 first
iy-l&66;
April 26 by an underwriting group headed by Coffi'ti &
JBurr, Inc^ were, priced At 103 and accrued interest froiw
April 1, 1946.
FurtheT details follow;
:
<
CO. of Boston.
time
of
assets
and
proposed
Capital stock'as a liquidating distribution in kind.
common
:tatibh -dnrmg
issue of April 29
Dated
1945
Douglas Manufacturing Co. consisted of-electrical
vthe kind manufaetured in previous years.
^
-v
KfcyCs
our
arfe Bank-
Detroit.
1,250,000 shs.
-
New York,
Co.,
registrars
CO.,
Corporation;, bag. two wholly Owned, active sub!*
namely, Douglas Manufacturing Co., Bronson, Mich., and
.Kingston Radio Co., Inc., Kokomo, Ind.
v. During^1941; the
operations nt the corporation rand of hbUglbS '
Manufacturing Cov were greatly affected. • AlthougTi 'they contlriued
for a time to manufacture their former products, the amount thereof
steadily decreased during that year and the production of military
'defense materials increased, until, at the £nd of the year 1941 the
"corporation was engaged. almost entirelyBeginning
In 1942 appfbXimately 75% of the products manufactUred fey DoUglas
Manufacturing Co. consisted of materials solely for war work which
1286.
p.
Trust
The
Trust
and
the
At
30,664
$42,143
Detroit
corporations,
Cm,
plnht in
Sldiaries,
.
—
_______
163,
*&
28,517
$42,143
Detroit.
Bank,
namely, Kokomo Brass Works, Byrne Kingston
Kokomo Electric Co., all Of which had been In the
..manufacturing "Business *iol .more than 20 years- pfior to the merger.
.
the
of
.
RbSlNEsR—Cjorpofatioh Wak IhctrrporatM Deb. * 13,
in Indiana.
Indiana
,
———
Period fend. April 20—
:
'
*$51,485
carry-back
Net, incOme
'
-V:
—■
income
Reduc.
to
■
1927,
$29,005
.*$148,240
""*$51,485
income
Net
$137,990
*$'51,485
-7
&
Rank
Chemical
and
($1 par)^>._w
''j ^HISTORY AND
all
or
of
.
v;;.*lnciti''dirig 41,065' shares in Treasury and 148,448 shares ndto bfferfed.
236
.
York,
Authorized
stock
Common
$29,242
*$127,286
20,954
$153,627
15,630
*$48,581
are'
National
New
CAPITALIZATION AS AT DEC. 31,
1
———-
—
$310,824
common
Manufacturers
tra Trust Co.,
$29,033
209
*$127,918
.
• 631
f 1
,
9,473
$280,633
;
per" share.
JioldeTs, Further details follorw:
1,720,806
-
$220,691
:
yhe fmbliti DffeTing by Alison & Co., Detroit, of 148,448
.
$1,769,866
1
$105,324
stock of the corporation at $8.50
The stock is being sold in behalf of stock-
157,800
*$55,519 V $144,407
6,937v V * 9,220
'Profit frota1 Opel.'---Othfer income •-V-™
■
v •;^ f.
53.910
*
58,404
Itift^slon I^Oducts Corp., Indianapolis, Ind." — Stock
Offered-^MRhtioii WRR mRde
^citir issue tof Ap
'
.j;
r
^
shares ($1 bar)
1,089,906
683,310:
116,191
exps.;
1943
61,437.
\442
ex-
pense
31—
1944"
1945
76,4:72
•621
•
'
V.; 163^ jJ. 2294.
upon
;.6t The Fail' Will be distributed for-each khare: Of Kresge Department
Stores, inc. common stock, outstanding.
The amount of cash, per
share; Which Will, be distributed ultimately in the; liquidation cannot
be
definitely ascertained at this time as Federal taxes and other
/ iiabilitiCs must be satisfied before the final distribution can be madq, but it is estimated
that the amount may be approximately. $a per
Share of common stock.-''■:/
7-v-, "•
..•:%/
:
The company's investment in The Fair (166,500 shares) represents
:
44.75% ownership ih the outstanding common stock of that company.,,
The .proportionate share of. the net assets Of The Fair as ftt Feb. '2.
'1948; as shown by the' published financial statements of that company applicable to
the 44.75% interest of this corporation in thfe
outstanding common stock, was $3,079,213;
<
^
^
The operations of The Fair for the tiscal year ending Feb. 2, 1946,
resulted in a net profit of $646,109 (after provision of $1,870,000 for
Federal taxes oh income), as compared with net profit of $415,802 for
the preceding year (after $1,540,000 provision for Federal taxes).*
The present outstanding capital stock of Kresge Department Stores, Inc.,-, consists of 250,863.6 shares of common stock;
in order that
precisely two-thirds of a share of The Fair common stock may be
distributed' to the holder of each share of kresge Department Stores,
Inc., common stock, the directors have authorized the proper Officers
*16'purchase fw retifemeht, at Ot'beiovV the prevailing inarkefe price at*/
the tithe, 1,113:6 shares of tRe common stock/ thereby reducing this,
outstanding common stock to 249,759 shares.
*
5,962
6,648
7,625
and
and
act
'
1,982
discount
;
addi-
on
bonds
on
526,136
-
and
immediate dissolution of the corporation and the
ratably among holders of the common stock,
will be made as conditions may warrant, with
the final distribution will be made as soon as
Federal taxes may be finally adjusted and determined.
Counsel have
"advised that the Receipt by stockholders of ali distributions in the
152,659
39S.788
e.
plus
distributions
expectation thRt
the
194.825
202,952
'
31,144
i,
sequent
1,505
'169,092
174,114
18,829
>Bond
the
$1,392,113
$743,982
Sftlis-
Of
cost
Admin. Si gen.
-—Years Ended May
1*3,614
tiohal taxes'
>
(corporation onlyi
% M6S. End,:'
Nov. 30/45
43,402
65,768
v
1941,
2,
method),
its assets
its equivalent,
Tlie Fair.
It is
cash
Fair
Depreciatlbii and amortization
Feb.
inventory
the common capital
presently in partial
liquidation of the outstanding capital stock, a substantial percentage
'Of the cash now available, together with the entire holdings of The
"
.
Of
Substantially
.of
$1,257,2$8
30,528
'last-in^.-.first-out"
HvhlfcH'fs the only class oi StocK. hqW.'Outstahdi
26,092
$705,454 ;;$i,205,492
402
the
to
the
for
distribution
$1,231,196
.
26,412
'
,
.
proposal
.a
817,914
$1,179,080
28,099
1,615
'i'Pedi^vis.ahiiiit;:&r: Stirta$
Fed. exc, profits tax.,
.
-
377,356
$237,537
v
Miscellaneous deductions
b&ndleader,
Lionel Hampton, ■■ is President..
The JeffersonTravis
Corp.,
which recehtly acsquiied
the Musicraft and Guild
labels, has a substantial financial interest in the Hamp-Tone label
and
will
provide pressing facilities at its plants in" Los Angeles,
;NdrWaik; Cdnri., arid "Ossiriirig, .N.' Y.
It will clear distribution
chiefly through the nationwide network of Musicraft- record- dis¬
tributors
*
* 1
'
'
statement of income
.
829,635
$221,099
16,438
"
Total income^.
v.;;
Negro
•
,
profit before other
the markets for ..the products Will fall in.the
general categories: (a) marine radio equipment, (b) aircraft
radio equipment,
(c) mob le and fixed station radio equipment, and
(di Fonda recording-playback equipment.
- r
\
•
Hamp-Tohe Records,.. Inc., has been organized to provide a disc
Negro
2,807,658
812,005
2,878,479
regard
the basis used prior to
on
i/: The stofckholders at the aAhual meeting will consider
-
$4,815,405
.
; 2,766,295
$4,798,743
stock
viricome
(Other income
Y^i^expected. that
promising
-' 1943
..
:
$4,385,469
246,562
expenses..
following
for
'1944
.1945,
.
taken
$500,000:
"
recording products are in production at
products cart "only be placed in produc¬
factors, including procurement of com¬
ponent parts, obtaining necessary OPA
price ceilings, general; eco¬
nomic Oohd.t.ons,. avaliabXty of labor and' completion of the presfent
out'et
Mar* 31/46.
r
,
pany's other radio or sound
the present time.
Such other
tion
depending upon various
*
r
sales,
less
dls
etc;„:
$1,295,127
Cost
of goods sold_,J^ i;V.; 827,466
Selling, general and decounts,
, \
' '
.' i
receiver, none of the com¬
■.
-
radio
v
"Gross
BUSINESS—Corporatioh, incorporated in New York, is the
a
merger and
consolidation on April 30, 1945 between
recording-playback.
,■
:v
,
without
-calendarYear's
,3 Mos. End.
,
outgrowth
JeffersoiifTrkvis Radio Mfg. Corp., incorporated in New York March 30, 1937,
ahd Fohda Corp., Which was incorporated in Delaware July 21, 1939.
'*
Company operates thr'tiugh itself as parent company and through
its
recently acquired wholly-owned ■ subsidiaries,
namely, Musicraf.t
•Corp., Union Aircraft Products Corp. and Guild Records Inc.
i
The business of the company consists of the designing, engineenng
and production Of two-way radio communications equipment and sound
?•
•
Monday, May 13, 1946
.••••.
(inventories being
SUMMARY OF EARNINGS
1-V
"upon
presentation
Commercial
rp. 143(f.
and
surrender
National; Bank. &
/-VV
■/;
of
Trust
:vV, V
said
CQ.y
.
,
...
...
j
full redemption PUce
stock certificates at Ihe
New York; N. • Y;*—Y;.-: 163,
!!V
•«
/*;
'$}$i
f.
''•
"'.M,;/'*'
'•
t
ffyj
f».\,,\
' T
l
,'t
'
<■;
* Ij. '. "X
n
'
^
wYv /".'!
•
,' ?..
'•/' >,V^''
v
,
'
}}&
"V- ■'
r
»
,•■•.'
*••*;*
••
AiWi^Ki-mn;
''ffaty&k^'vhyfijV.&■»4rtV??.»\?%ff-tyW?-.*
V;. r
••
•
i* sv i'i'Wt*'?;,'
f, •'. d'hi •'" • -'VvV •>•;■;•;
it^"-
I
li
"It'Xerheif Stores Gorpr.—April Sales Up: 39.3%— v
Period Endv Apr. JCM-
v.vlK
>«;
•*<*'.,•>-*}.%. ~'<•'•'•'<,■•;'.■ ■''',''■'.>*• V-
r
1946—Month—1945
-•
:
%Mading Drug-Stores Co.—Securities Offered—A bank-7,
ing syndicate headed by Alex. Brown & Sons on May 10 ;.
offered to the public $500,000 5% sinking fund deben-X
♦
1961,. 50,000 shares of 550 cumula- V
(par*$5) and 40,000 shares of com....
.
v-v
,
^
,
,
ap-><v
i-
J Mr;
.
Allen
stated .that
he, Jias
,
entered
into
stock,;at
$48"
share,
a
with
contract
a
i4iiU''V-HQltzmaiin'-^to-'pureha8e^4MiObo:^«bare6'^of
"
the
f
nrpferrpd
stork
priced
were
at
ir
per
tin
at
and
100
charo
yp'PAyS
is
be
called
1946.
for
share
on
and'preferred stocki'-V:. 163,
i730>
p?
>'
.
"
f
•
C
and
'•
'
y
•)
Trust
New York,
Co.,
N.
Y.,
thereafter.
'•
*
Associated
k
Alex.
;v
*
with
Brown
/
.
.
;
..
Securities' Corp.
Sons;. Dillon, Read & Co,
&-
in
Inc.;
preferred
and
Years Ended Dec. 31—
common >
"1945 '
•
Tptal operating -income-
*
'•1944
$200,643
1943
ing
1942
V
14,
43,413
39,515
$134,572
$73,016
$65,677
'•
?
Profit from operations
*Ped.
C,orp;^Eights^to'Stpckholdersr-r
1946,
the
at
$15
right: ;to
per share,
before 3
additional share of
subscribe
to
one
.or
on
p.m.
Harris -Trust ,;2St ^vings
..The Comhiittee
Bank, Chicago/ Hi;
;
>
y:
$105,192
&nd
turing Co,
for
room
It is
Oft
-Earnings
May' 3.
.
I
f 7T "1' « "
W/
' iW*
i
^
1
Corp^Ciass
McCord
CV>> ^ *
^
».
construction
Heidbrink
'v '
division
163, p.
1570,~^t
'V
-V-,■
Apr:
*
Sales
;
'l9:46^M6iltlt-r-l945
$15,186
of
of
■Accopnt?
,r
provisfonv for
additional
the
Ohio
Adcrued
against 202 in
•
taxes
•
;
273,214
172-
:•
—y.
the
of
rate
Romances
Macfadden
war,
^
$573,936
:.
i—_
-
r;
v
^
formation
Macfadden
of
Period End. Apr^3Q-r-
foreign
shffidientrbloe of circulation is
;
Manager
General
Mr., Rheinstrom
Batholomew
of
sidiary which handles: all of the
House
1946r/4
licensees
*^6,755,700
Quarter.Ended March 31—
•
lg46
>
;
j: v ;
1945,-.
taxes
I
$6,736,227
304,122
>783.042'
'_
dyer-
will
also
Inc.,
be
President
wholly
a
Macfadden book
owned
publishing
.
.Operating
^
."The/ results1 for- the:
•sales, $5,079,575;
;
other
revenue
Federal
income
Federal
excess
Retirement
f
\;i;
•
.
.1944..
.
.yi'.TcW- P
•/; '
i;
Gross
State taxes
554,716
55,790
24,621
V.-:• t.-'Pp/.-
.*
86,908
85,000
70,750
•
$243,968
109,547
•'
'—'
*'•
$116,236
$358,515
$256,588
$184,566
•-27,543
76,094
$228,785
v
$181)134
/
$169,044
?
186,080
V."
:
:
■.
$108,473
plant
-,
634,265
investments--
a v.
costi_
V:'
;
Jrppp—.—
First mtge.
.
'
LIABILITIES—
.Accounts
bonds—
yP
deposits.
Reserves:
aid
Capital
surplus
Earned
surplus P
-
—
of
4,733!
*
•
837
50*
construct.-
-h-
;
,'$930,309
;
V
plpi—P
5
$930-300
as
■
.appropriate.medium?- for future expansion.- .Accord--,
company to ?be organized von JUne 16, 1945,
1945, transferred the partnership business and certain
to
its liabilities,
The
amount
in
the
=
of
$5,432,
to
to
$59,794,
in;
the
the;
$510,511.
of
$9,566
in
consisted
the
of:
amount
equipment
deferred
*
On " the
value
a
Assets
$281,607:,
and
,
had
The
receivable
accounts
amount
of
amount
ire exchanger for atock
company
transferred
ass'ets
net
books amounting
inventories
*
*
of
under
charges
in *th»
against whjch ^rere charged liabilities in the amount
-FINANCING'P
'
sale, of
the
.
$715,050 In cash
It
Outstanding
*
"500,000 she/
.
will ieceive7
102,150 shares;
intends
to
=:
-
"= 242,090 shs,
the
proceed? =;
these'cash pro¬
as
apply
/
1
-
'
■
i
1
.
■
■
-
;
'
■
'
•
-
,
.
company held
$250,996
——
with' the
,
\
,
.
35,171,
;
*
_
'
,
...
13,059-
,
-
issued to the underwriter
to- be
,
two employees in the aggregate amount of $40,250,
5,750 shares; (2) to* the balance of $25,000 of the purchase price of
$285,996 to be paid to the predecessor partnership for Its fixed assets,
>
'
by
shares; (*3) to* acquisition of all
Mfg. Corp., 6,900 shares; (4f>to
5,Q00
Bauer
of
the outstanding-, shares-of
acquisition of all of the out¬
standing eharea* of ; Ideal"Heating. Corp.,,^^16»20O shares;.
*
.
UNDERWRITER—Lester & Co., Los tAngeles.—'V." 163,
33,372
:f
28,760
V
628,879
P
,'i
•
-
p.' 2160.
V:'
590,296
$5,249,672
=■'
to
The
2442,
1
that
a
the
one. of
result
our
most
of-the
of
to.
our
cit
passengers
important
es.
dev]o">m»nts
Kansas.C'tv-New
M'd-Continent
the c'o~e, of
•
of
«
•
-?/•
L'V^>
*•*•'
^lissbiiri-Kanoas-Texas RR,—Note Authorized—
' v
t
<
P*
'
a
position
to
Kansas
City
route.—V.
163,
p.
of
non-stop
granting the
"" ,iPP yl
i standing Series
i
$5,067,190
«
issue
new
per
B,
C
a
D preferred
and
convertible
year
!?4*%, -was
"
"
into
common
stock
stock
at
S108
St,'P
increased
1
on
May
18,
1946.
as
to
time.
shares
'y'"
"
'
^
-
■Ay*4-'
o
X
*»•
jip,? f pp'Pp
-
-
Sales
were
v"v'
,
-lf
'
'
~ 1947—Mor.th-r-1945
V'.,A';r
*
^
'<VP ** -4'"
80,073,261
-
~
t
*
/
v
^
-
,1946—3 Mos,—1945
"•
V"1-,' 4&
161,0.38,918
the .month of- April "and the quarter ended April 30,
highest in the company's history.—V. 163, p. 2295.,
for
the
; / :.
' .■'
•
^
,.*.:•
50,904,639 213.757,849
Pyt:'<P-;P:.y.pyppypp
:
•
'•'*
1943
r.
Mountain States Telephone & Telegraph Co.—Earnings
*
1946^-Manth—1945
Period End. Mar. 31—r
2
Operating
/
Operating
"
$4,375,177
revenues
Uncollectible
lev.
10,585
revenues:-
' $4,364,592
oper,%
Operating
expenses
Operating
--y
share.
.
aoqepted:-^v,T6^?p.';2442,/?AA//X'PPp'yC■ XX
Period End*. Apr. 20—
,-j..
Sales
taxes
*'
Net
The
Net*
1—V.
operating
163.
P.
6,895
27,149
19,864
$3,932,054 $12,752 431 $11,479,100
9.404.796
885,106
' 1,726,553
2.616,215
$•54,030
income
income
1946—3Mos.—1945
$3,938,949 $12,779,580 $11,498,964
2,58G,794
$466,154
$1,621,082
$1,326,392
329,220
'323,273
1,265,260
922,273
*3,387 6r4
___
.21-! ;•
-—
•
'
;
527,898
—
v.
7,536,493
V,
2443.
of
Nattim'^Ine., Brooklyn^ N. Y.—Registers With
The
Unexchanged
'
.
f P"P *X' 'r,
N
privileges
■'
per
•
Montgomery Ward & Co„ Inc.—April Bales Up 57.3%
was
the company at $75 j:
exchange offer will expire at
are
being underwritten
group of investment houses headed
by Union Securities Corp.
: v
share without limit
noon
by
is
*«
*
the
ratj5„.of
.
and-.#
is-offering 85,700 shares of a new 3.^0%. convertible..-)
preference stock, Series A- (par $100), to holders- of its
presently ort-
613,796
]
recently authorized the company to issue a promissory note
principal amount of $4,750,000, and to pledge and repledge
all: or any part of the $13,152,600 of prior-lien, :
mortgage 5% -bonds, series E, as collateral security therefor.,
4 .. . ■ = ?.:
The invitation for bids fop the loan were mailed to 87 banks, trust
"companies, and insurance companies, and advertisements for bids
were
published./In response thereto; 3 bids were received; the best
from
the
Republic National.' Bank of Dallas, Tex., at an Interest
The company
535,956
**',
P'* ■!<
PPr;P
frenn- tim^ tc« time
seats'
MinheapoHs^IIoneywell Regulator Coi^pxchange Qffer
p
-/'A
.
New Orleans'h
"» *
2442.
Jyp p.p P'-- "•'*?—?
■\
the
f
The ICC
-
Orleans-rou'8.
Airlinesf.larger?e-uioment.
subsidiary, of Electrio Power
a
Light Corp.-/-V.
<
in
-
1C45."
the
proposed to the Securities & Exchange Commis¬
$3,450,000 at 2% interest to retire $i.700,Q00 at
the Central Hanover Benk & Trust Co. and to
owed
"
.•
-almost 150-%-- more
before
has
borrow.
now
1
.
.
it
notes
for new facilities.: Tho company?
163, p. 2295.
pay
k
company
that
214%
then net JnoomerDf qsTvcents per::
take: advantage'of some
awajdedJjy, the Civil Aeronautics Authority
38,687
:
?
v"'-:;
offered
to
22.623
!
•
available
111,155
515 987
566,283
509,797
Mississippi Power «&„Lighj; Co.^-To Retire Notes—
stocks.
common
J. ment of the line in 1946, with addit'onal schedules be'ng offered late?"
>
in -the spring,.' and ahnouhce'd that M:d-Contlnent"Aiv'.ineV would "then v
i be in
14,399
•
193.483
'\ ,40,744
**40,930
44,096 :h?
613.796
;
New York. N. Y.,-has* been "»p»
*
■v
162, p. 3075.;
the
=
fn addition to* the 102,159 shares
President MiPer'disclosed thjat frofti' S.GC0 revenue
crr"ed
by;vthe lind in 1936, the line had progressed to a total of 154,483 rev¬
enue passengers^ carried - i»: 1945". '
,: = .;
p-'yP '/
P;p-'
Re .stated thati all indicat'ong po'nt to
':
*2,276,000
26,595
$5,257,443
-V.
As
$5,067,190
:P 6,416 :v®. 12,415 ■p:p 8,288
/
i_
Contribut'ons .in
and
for .caslf the company will issue a total of 33,850 shares at an. agreed
value of $7 per share as follows: (1) to the payment- of notes of t^e
schedules, and . the inauguration of the N^w. Orleais route, the l'ne V
.almost doubled its-humbfer of. personnel in
1945, until" It now has over"
800 .envdovees...' •" ' i •;.. ' s
~
P-,p-. ..yy^y. PP+» y
59,509.
•
$5,249,672*
81,602 '**
V. 212,351
—
1.:—:
new
(d). To working-.capitaL„_-vv-,-r.--»i—,—-.——.415,824
income
P
schedules
thd inauguration
20,10a
•;
.*..2.200,000 •r: 2,247,000
; py
credits;
;
'
added
!
,»/r8t972
'
,
$L500,009
and coll,, trust
,
43,617
/
161
-
$5,257,443
(par
accounts
Defered
132;
4.087
payable-
Customers'
Accrued
!•
.
/
*•
;
of
made
were
!•
-
Capital stock
;:::**'■
.
,
-
per ;sMro- as .edmpared
WUfincy
;
10,609
;
87,297
P..
debits
■>y:-/PPp~y--~'Pp Py\y
Total
-V—
and'
for
:Mr»-Miller -contmued^ ."Through' larger a'rp'an^s vnd- '♦ncreased :fr.*«
;v-;:->2,073 :;*;-
.-107,1-62.
4,280
company
(at
interest
provision
'.'4
t;.share-4rr^94^*'^'-':":
12,615
v
36.247
1,698.
108,915
subsid.
'
lvl05 40$
•
,25,075-
893
—
from
A
Sutton
.
Net
.
Chemifcai
^
cants
.
28,862
<
:'*"■■ 143,547
—„
receivable
-
follows:
J.- W? M-'lier.' President,'' ixf / mak'ng- publ'e- the:
"tenth'-annU"!, report,
tha-t the company's
operating'revenue in; 1945 was 62% over
thp . ,operat'i)g -revenue of '1944/, - with a net income
equivalent to" 44
$3,722,516;
pyppppl-"-
Prepayments:
Deferred
1
P1,105,405
special funds
Materials &, supplies
i
42,864
455,435
Accounts
,
should
(cf T6 payment of expensesHest.) in Connection
issuance of the offered, shares^-^-—
operating profit, $273^3331
before
$17,718;
■••.'
•
•
deelared
-1943,
-
$3,764,80L
.42,864
Cash'
:
1944-
•
,919,274
property
Investments
..Receivable
t
i
detail
^lid-Gonlmeiit Airlines, IiiCi—1945; Reviewed—«
"■
'
—
1945
"Temporary cash
Notes receivable
v"
profit
$0.45
;
Federal, and,
net profit for the quarter, $179,-122.—
on
'-{■'P.'
■««
—^
ASSETS—
Miscellaneous
total
charges,
ih
1946
^lu$;apcruedi Wividehdsi of 70! cents peiishare;-^.; J63^:Pi
'
Utility
it
ship
(b) To purchase of 11-acro tract--,^-
Bank & Trust Co., New York. N.
Y.,. has been. ao-»
redemption agent for the redempt'on on May T. 1946 of all
outstanding cla"s A and class B fir^t preferred" "tock at $100 ner share
83,727
•
COMPARATIVE' BALAN
Other physical
$48,507:
interest
...
The'
-
/■':=■',
partners.
Messrs.
.*•
pointed
phown for 1943 include. operations of ^electric properties of
Water, Light & Power Co. only for the period subsequent to
16, 1943, the date, on which the company acquired such prop¬
■
the
(a) On account" of the purchase price, of4$285.996 of,fixed
assets tp! be acquired, from the predecessor partner- *■
Michaels Brothers—/To Redeem PtdL Stocks—
•Caribou
erties,-
quarter* of
cosfc: of sales; $4,806,242;
net.
^/•'/♦Figures
Dec.
'
sion
-
Dividends
the
in
from
101,016
-
177,382
income
first
pointed registrar for the 7% cumulative preferred and
—v. 163, p. 2i59v :;:■ • "
'
'
Net
three
which
ceeds as follows;
,
.
The; City Bank, Farmers Trust Co..
,
,
$83,550
140,351
.
^
=—
the
in
under
partnership form
in' which Mr.
Co.,
be incorporated in order to provide
against-personal liability which a cor-.
compared with
a" partnership andv in
order to
PURPOSE—Company:
535.000
$0.41
/Registrar. Apppin-ted-
-
\iP~.ti
Jncome____
income-_V—:—
of
name
1930
to
Heater
*
deductions
Income
/
,
;
■.
-PJ ry>
<
operating
59,714
63,911
same
In
returned
CAPITALIZATION, GIVING EFFECT TO PRESENT
Period EndvApr^30-r— ,1946—Month—1945-r
1946—3 Mo&*rrl946 >'
Sales
$7,877,200 "$5;l23,S0O $21,751i000* $16,197,676
43,881
92,001
.:
V
'
that
company.
amount of
"763,785-
$211,042
v
income, $125,000;
V.* 163, p. 2442.*
"
■
■
t ■
'
$777,517
t.ax___—
accruals
-
-
0f>$183,/96/-:'AiA:::Z'/A^^^^
$-3,605,082
-
" $9.30
.
688,039
move
subject
$337,809,
Mercantile Stores Co.,. Inc.—April Sales
53;7%i'Higher
$1,038,975
taxes
profits
income!
Other
$321,840;
*1943
,664,668
deductions_____
reserve
.•
'}
Utility
>y
income,
taxes,
\
1944
$1,122,261
revenues
Operating
1945
two*
were
the
incorporated
and
Water
Coramon.etock ($5 par) =----_—
"
572 060
$179,122
-
'fSubjoctto Tenegoti^tioni,
Piibii0 Service Co^%&nUaI R#orfc
Calendar Years—
was
Corp.
Mission
insulation
of
affords
construction
K.,
^et'/profitS^-^-Il-u-Lh-------
Profit per comon share -ci--
-
,
;
.
":y
and
activities
men¬
'
v
sub-
of
concluded
a-
the
cash
i
.,
'
125,000'
■.>
'• A'"
■'
Stock Offered—As
Authorized
$5,079/575
Profit before
>P "P
Tf:
7
v
'
f
parthers succeeded to the business in 1938.
of 1945, Un view of -the growth of the business,
July 1,
assets,
of
,y.-.:pr$
■
2160.
p.
sole
spring*
partnership'^
'
Net sales
established it 1s prob- ?
?
.
Civilian
the
163,
'
,they caused the
on
'
including the Bart House books, the 250 reprint line, which sold more/;
a
million copies-in 1945 and has already doubled its sales for ?
the first quarter of 1946.—"V. 163, p. 655.
> '->
V
and
business
Heater
namA
LeadeT
the
advantage
ingly,
$2,323,606 $19,330 826 $11 027,727
(Mengel Co^EariimgS'r—
■:-=
sold at
with
the
provide
Mos.—1945
the
partnership
were
poration
°Peak Easter week business came in
April this year, whereas in 1945
thb peak' business;occurr£d.ln..March,r~Vv.:
163, p. ..2159;
Pyn:yfi >ypi
than
^
•In
,
*
that
^
The
;
Water
under
and- Mr.
Leader
v''/"^''' •' ' ;
1946—Month—1945
Retail sales;
new
a
yPPyPP PP.l'P "P- PPPP
announced
was
Sutton
-
President and General-
as
,
It
1336
th'e
t.v
.
Publications
that advertising, w'll be sold to American companies,
distribution^ oft individual or'"bloe-bpok.!ng"! basisi :
able
seas
in'
=
Western
name
-
.
-Melville Shoe* 0orp;—April* Sales" Up *19(1.7%—
/
with
*
y
for the company and 29,560 are .in behalf of
are
wire--, partners.
~
$532,680
.
^
Company*us the successor* to a business of manufacturing gas-fired
in Los Angeles, Calif., in 1928 as a partnership under the, name Western Water Heater Co., in which Albert H.
Siftton- a net- Harold- Leader, < the present stockholders'of the
1.062'"
330,000' v
■■■
2.397,022
~
agreement
DuToit; said.—V.
'-V-; 1 ' -•V'pkp/'
water* heaters commenced
■
2,568,315
I'ood Systems, Inc.—Option—
under-
Mr.
space will be
critical materials
No
company,
2,359;543'.'
„
70,000,000 copies annually* of True Story and True
Britlsh,=; French, Belgian,. German, Dutch and Swedish
At sodrt" as a
$2,47.7
r,
,
15QV
;
Wpy.f- pPy -?>«
some.
In
editions.!?
$532,686
,
-j
330,006?'
2,568,315
deficit-.-ril—
mPr
k
•
Publications'
*:
./Referring to. the*:>5,0D6 Aharea of: common stock (par 26o>! filed by'
letter of -notification. May. 1. with the SEC Regional office in New York
CVi lC3,:p. 255fl.).4this: stock.represents an option granted td F,: W./
Lutz, Vice-President and General Manager by W. L. Maxsoft
Corp.—
V.t 163, p. 2159.,
jr:
?
Manager,! to develop ."overseas editions and export magazine Ahd= book
trade,
tthe
••
679
partners
major expansionist ihbve, this corporation is making a number
organizational changes,/;* O; J. Elder, President, announced on May 1,
.Prior- to
T
;2009/
p.
tMaxswr
a
Foreign Sales Corp., with Carroll Rheinstrom
163,.
this--building
foot,
34,000-square
property,.' This
shop operations.
.
general
company's promotion in 1944.
the
254,544
■
pari-_-_l—.r_——i—,
lohs
in,
~
DuToit.
a
manufacturing and selling, gas-fired water-heaters.*
Sales are made
through* retail dealers* butane dealers, manufacturers' agents, whole¬
sale plumbing supply jobbers and gas
utility companies;- Approxi¬
mately. 40'%. of the sales are made" in California, 40%, in the States
of' Texas, Arizona, Colorado, New
Mexico, Washington, Oregon,* and
Nevada, and the balance in more distant states, -i;-;;-!,..
'•
.•
3,175
(other ' tha-rr FederaMncome
used
of
.
16~7~743';
=
,
according to Mr.
construction
company
be
Los
15,000:
—
Manufac-: ;-
<Transfer- agent,=> Bank of America National Trust and
Savings Association^ Lpa Angeles, Cftlif, = Registrar, SecurityrFirst National Bank of v
Angeles.
kpk
>/**,-,1
'Bp pi ■" P ' *"
HISTORY .AND.
BUSINESS-r-Company is engaged in the business of
-
"
227,713
$573,936 '
Profit-'- and
Macfadden-=Publicationsr Inc.—Official Promoted—^
■■■.'Herbeiirlt-?;-GV-; Drake ; bAsv^ beeii "'appohrted Vice "President. Re became
Among other changes, the board approved
wholly owned
subsidiary to be known as
2,906
X
$13,932
drilling
3.052.
Federal, income-taxes—. 18,009
Capital .-stock'
Sdles'"$3,874;956 ;$2,885;642 $10,314,639 :$9,190,014
-4V.:.t63;'p;'215SL ■'
■'
'
i'
'..
/,
.
».v - ^
/'Plans European Expansion—
1944
36,847
—
been
has
space,
Chemical
22,JLester & Co., Los An¬
$69,960
.i-
Capital-:-strrpIus;'^i-,'i%wJ^j-r^-iJwi-'i.—'
McLellaii Stores €o?.—April Sales - Up^ 34.2 %—
'Period End, Apr; 30^
' 1946—Month-4945
,1946—3 Mos.—1945
of
j
selling stockholders.
8,266
x
-
for
present
expansion of machine
102,510
Accrued/contract
t
^'Trt
;
geles, on April 18 offered 131,710 shares of common
stock (par $5) at $8.25 per share.
Of the shares offered
)
SHEET, DEC. 3t
TitaL
Director of the entire
.
,
Mission Appliance Corp. —
tioned in our issue of 'April
$0.09
•
18,188
i.;—-—
in July,
calls
on
for
rl<
$31,358
$6.09
^
supplies
LIABILITIES-^-
1946-4 Mos.—1945
as
$0.16
'
development -costs
oir
.fTotai:
+,
;$7,236,798; u$5;289,685 $23,492,313t $21,255,242
compahy iin ApifiLvi946 ^^erateti 199 "stores,
^me-^ontj^ last/year163, p; 2442.
•—
•
'
v;
r. i McCrory-Stored Corjr.-^-April'Sales Increased 36.81%
/•^Thd
1*6,500-
'
$35,549
—_—
Deposits
project
will
7,000
$31,353
:
property
Prepaid taxes—
begin there
building
used
38,519
't~
1945
Total
l*
45,919
'5,000*
to
second
orie-sto'ry
Production Administration)
16.500
.
" $0.18
■ ■
Ifa^iUty,
Contingent accounts receivable—
Investipents and advances.—
,
the
Co.;
Honey well'a main plant. •> \ •,'
»
....
'Current plans.-call for moving
Honeywell's plastic molding depart¬
and. laboratory into the new
space next month.
Operations are
scheduled
11,200
$31,686'
receivable
Materia Is and
corporation has: called for retirement A? it July .1, 1946s the >'
sjhall remnant cf class A s-.ock, consisting of 205 shares
remaining
out of-.27,3 05 shares at the - time of th<! exchange offer of new $2.50 "
^Period End.
Loeb'&
ment
$76,87.7
-
$28,201
Accounts
A Stock Called—
piefened rstock in" 1945;—V;
.26,500
'"$52,049
v
$37,*479
•"'
h'
.•Cash.
-
;'The:
-
£1
share-Si
,
"
23,109;
^.BALANCE
Exchange rules that the common stock be hot quoted "ex'; said
dividend until May 16 inviewof the.factthat this dividend wUL.be
P&id- on', the shares of common stock which are issued upon- exercise^
of the subscription.'rights.—V.
163,^ p. 2159." ^"
' v ;
• ,<
■>
<
9,580
$82,596
*
/ASSETS—
The
\
surpliis:
:
68,044
•
$60,579
.
■
per share was ^recently declared payable
common stock of record
May 15 at-Chicago.
May 25 to holders of
-
per
4*
$146,593 /
.78,026
<
f^No-®Xeefcs ipT^itS
•,A cash dividend of 29 cents
on
./
are
two-story brick building situated immediatetly north
a
of
InThe
.
JBalah Cfe,.
:..
vi
12,021
-
hprmak &?surtaXii sp:?" :XT,5ttp
Dividends
tW;New
Secusityi Rulings-of •
>oit
11,279'
$156,189
common v
Yoi4c Curb Exchange
ohiM^ys 3^"rul9dyrithafeiUtc ^mtnon «tBCk sbe^tpiot^a^x^t^id^ t4ghl^ ^
,
>.
Net'income
on ;;
*stocknSofy^^ach^ivOAShariite-;^^heid, ^^r7;Paymertt7?shoul<f>:jbe». ;made: jatxthe;
^
'
10J
at
y<py-typ---p:y-ryy
■":■■■■ yy:
plant, containing approximately 22,000 feet of manufactur¬
new
space
acquired from, the
=
$181,286
46,713
$116,429
55,733-
$144,910
■
'
>
4Halderacf.»ooniiwH'-irtdck?pariS2,'OfiecordMay5,-4946^atJbhicago(
May
•
or.
underwriting
Kuhn,
»
,
offered
June
on
,
the
^
The
Corp.—Annual.Report-
'
,
being
stock
on
..
.
Union
.
,
^Maracaibo Oil Exploration
•
'
Louisville Gas & Electric Co. (Ky.)—Weekly Output—
<
prices
.
duction.
has been .ap-,
Electric; output ^of- thi^ company for the week ended May 4;vl946,"'-r Other 'income creditSw.y.
.totaled 25.250,000 kwhi, ae-^ compared with 28,412,000 kwh. for the
.Gross income
corresponding, week last yeary a decrease of ll.l'i'.—V.' 163, p. 2444. ■
■.i
v;.
Income charges _,r:—
y;.''. -'.v;
Lynch
preferred
call
■
,The. new convertible preference stock will be callable at 110
before March 1*,: 1949,. at 109 on or before March
1, 1952 and
,
•
are
:
A new / "Skyline'', -aircraft radio ' transmitter isMorgan* Stanley & Co. and Piper,
announced by- the •
Jaffray & Hopwood. / '
"
y
\
.,\v ■,,
v
a,•.
•
corporation's
commercial
(i
./-) •
department
at
Bridgeport, Conn., as the »
/v (Plans More Expansion—
of a line of aircraft communication
.<••.<
equipment which will be y
marketed- as"the
Maguire Skyline. The, "Skyline": is
The. company on
primarily deMay disclosed plans for the purchase of a new
signed to meet low-cost, light weight, standard-service
requirements ?' plant and construction of- a new machine shop.
Both actions are in.
of the private flyer,, but
addition to its recently announced
is^ equally adaptable for stand-by service in >
$4,000,000 plant expansion program,
larger commercial aircraft/the announcement said.—V-:163,
aocording to George. A. DuToit,. Jr.,. Vice-President in
p. 2159. f
charge of pro¬
Operating expenses
,
D
respective
PP
com¬
at $108 ;
-
■
City Bank Farmers
registrar, for" the • $1.20 cumulative convertible
stocks.-^V. 163. p. 1867.
•
(callable
se'eond
Longines-Wittnauer Watch Co., Inc.—Tr; Agent, Etc.—
poittted^transfer-agent andi the National City \Bank- of New York alS'
v
the
payment* to
series* D preferred
shares of the- Series
B.
fbr- redemption at their
•-
•
share
The-4-%
exchangeable share for share.
-Unexchanged
24,
.i'>;p7*;h'!v P/t.y,
y-'-y
share)
will
"
+Ra
an/1
share)" is-exchangeable
per
per
•
a ^hare.
'
Purchase of-.70ibf: the ,common -s'toclc wilP
give Mr. Allen -control .•
of 56'k. of the
voting rights of the company's outstanding common ■
The
+hp
;>"Magttire^Industries, Inc.—Anriourices "Skyline";Aircraft Radio—'
'
'
.:.'V.;
f
-
.
"PPPP:'•
jf
or
Ogden:Corp, at:'$47
/i
'*
<
2583
pany, of $0.50 per share.
-
interest, • tne\ preierrect stock at $iu
share and the
cpi^thpn^tocK/at ^7^0 per ^hare.—V/ 163v p; 1867.
;
'
Jacob
railway's, common
$S72,009.^*.'Mr;vHoltzmarih now owns 20,000,
shares of the stock," which represents all authorized shares of the
common
stock..
He purchased these shares Dec. 31, 1945, from the V
•
stock purchase warrants)
..
^cquisttion1 nf icontroi of *.the:raflway .through"^he-put- / •
^•
^^
"iQ'/t. of ..the. Outstanding common stock."
of
^ ■'''-*•'
iUnder the: terms-of'the*'exchange
offer, :the present 4%; convertible '
preferred stock, Series B (callable at $105 per
share) Is exchangeable J
fdy the new preference stock, share for ■
share, on payment to'the com¬
pany of $3 per share. The 4!4% Series C preferred (callable at
$107.50.
.
The debentures (with non-detach-;
t
^<^ari««^teij^r,,.^urtncT--oi>^e.:investment backing fnm -oi; Alien,.able
&.
CQ^.4ia^,anpHed..loathe-IntergtAte Commerce Commission lor
v>p^ovai
:. chase^
A i>:r; ':•/'•;
THE COMMERCIAL: & FINANCIAL CHRONICLE
-1946—3 Mos.—1945
•
W.' 1
^ ; ;*„v.vv?
*•''■
.^>7r.*.' IpPPyPyJ - ■■r:1Volume "163 A Number 4489 ^
-"
'p.
V*; *.u;
•
/
The, company filed. May 3 with the SEC a
covering the proposed issuance and sale of 100,000
shares of
SEC
.
?L-l#rXG^
&? ^
..'l"''■
stock.
Alstyne,
price to
proposed
the
■
Noel & Co. will be, the principal underwriter.
the public will be filed by amendment. Pioceeds fr0"J
sale are to be added to general/ corporate funds and
used, . among •-other .things,c/as conditions
permit,- for the
Van
will
be
•,
Inc
Namm's
>
thA
Pnr
been
Feb. .2,
ended
v^ar
1946.
Son.^.yeportea
c®'
of $360,843, compareu with
and net income
$11,249,925,
of
sales
net
Atlanta
York
&.Son, Brooklyn, s^l°h *g®:2
located at its Present
*??8J
of A; L Namm
partment store business
opened in 1876>, It has
27; 1945,
respectively, for the year ended Jan.
$10,235,936 and $289,-202,
:
A
'
above.—V. 163, p, 2443,
$ee Namm's Inc.
t
1946-—Month—1945
- 1946—4 Mos.~-1945.
Sales -------1*.-' $9,545,606 $7,104,588 $30,721,409 $28,203,069
There were 209 stores, in operation In April, 1946, as against 208
in the same month last year,—V. 163, p. 2010.
:*/•■ ,
• ;//.'
— Bonds Ofassociates won the
award April 9 of $15,000,000 first mortgage 3% bonds,
series^, maturing February 1, 1986. Their bid named a
price of 99.319. The issue was reoffered May 10 at 100
and interest.
The bonds were, taken quickly by life in¬
surance; companies, commercial banks and other buyers.
St. Louis Ry.
Nashville Chattanooga &
>
Boston Corp. and
First
fered—The
and
New
New
of
St. Louis, .New Orleans,
also coastwise shipments between New
points jn .'California.,-
There are
■
and
York.
However, many; shipments-;
the large cities of the Middle -
between
i:<
growing
•
3
'
the
GIVING EFFECT TO PRESENT
'
goods
stock
.
'
CONSOLIDATED
)
1944
'
of
i
.
.
Purchase of
(c)
Replenishment
pany's
p.
Dividends
of
pfd.
V
Co.__
Interest, div,, rents and
.
;
'
216,000
i6,403
22,650
21,420
income
miscellaneous-
of
requiring
.».*■
and
apply
-
j
the
also
higher
a
v
,
stock
cum.
of
of
permit
degree
in
the
treasury
used
the
of
in
1945
for
u
stock
in
Clock
Haven
offered,
184'l24
lv v?'/ , ;
i
-wV-n
pur-
150 000
,
63 018
the
company
exchange
72,000
Co.
*
for
the'
issuance
and
authorized
and
shares
of
outstanding
shares
of
'
Authorized
(par $20)_
of
-shares
or
on
of
after
98,591,320
73,304,638
6,189,630
4,017,901
79,664
117,349
;.f83,333.%
100,000 shs.,
.
stock
common
April 25,
the
of
Haven Clock
151,373
fractional
78,007
78,007
Outstanding
62,500 shs.
r ♦2116,OoO shs.
authorized
to
Co.,
for
company
the
on
each
basis
share
of
of
'Prov.- for income taxes.
i?(^£xcess profits tax
;
*'-5
Cr48,200
Cr59,500
$230,502
588,300
*Cr43,200
t
...
—
796,619
25,000
195,000
251,441
763,402
110,947
of
common
of
shares
of
preferred
Reynolds & Co.-.._^__
Alex.
be
to
;
purchased by
n
each
$300,890
'
$199,614
H. Johnson
3,500
Lane, Space &
Co., inc*
Kay, Richards & Co.——.
#i,vww
2,500
uveni
2,500. *
Henry C. Robinson & Co.'v 2,000
1,064,368
% 568,815
771,529
Eichler & Co._
Chas. W." Scranton & Co.
142,204
Walston, Hoffman &
31
——r_;-—_
J. C. Bradford
&
Johnson,
Loewi
&
"
2,000
Co
w-
„r;
r ( : Pacific"Northwesb Co.l^i^;
,2,500 o^Watliag, Lerchen & Co;--:
.
Co.
2,000
Inventories
$191,000
;»;
Nil
share_^n'
.and
in 1944,
3077.
-
and
-
allocated
Investments
and
Patents- and
$9,813,506
•
,
notes* receivable
for
(New .Haven Ciock Co.)
1
1943''
1944
sales,.* less discounts. etc-.—" •$4,235,173
Recovery by U. S. Govt/ due to
renegotiations
Gross
638,930
Federal
;;
$6,276,168
$4,491,375
tax
Selling,
260,897
10,735,409
advances.
A * .'
r
'
*
Other
686,502
income
$35,144,515
$35,533,021
>
EUUli.
Total
Transfer
National'; Bank
New York..
of
agent.' Chase
.
'Bankers Trust
Co.,
New
.
Registrar,
York.
.
BUSINESS—The borporation was incorporated on
Its principal executive offices are located
4n Los Aiigeles,-Calif;
The corporation is in-the business of "furnishing
air .charter service for the carriage of freight cargoes and passengers.
JHIST^RY- AND
in Delaware.
June ^5, 4945
Its planes do
The .corporation. wras organized
-
with
vans
veterans
•
scheduled routes.
not fly regular or
under
the
of
flew
of
group
a
by a group of returning war veterCalifornia businessmen.
The war
Volunteer Group,
and members of the American
aviators
Major General Claire Chennault. ,• These vet¬
the China National Aviation Corp. transporting
command
also
erans
aid
the
were
'
of
for
supplies over the Himalayan "Hump."
The
was
popularly
known as
the "Flying
Tigers,'' and the corporation is known as "The Flying Tiger Line."
" The
group
of California
businessmen
agreed
to
contribute an
amount equal to any sum the
"Flying Tigers" themselves raised in
order to acquire planes and to put the "Flying Tigers" into the air
cargo business.
Both original groups expanded slightly In number.
By the end of 1945, each group had contributed $87,000, or a total
rof $174,000
to the cap'tal funds of the corporation.
In the early
months of this year, in order to provide additional operating funds
to acquire more planes and other equipment,
the two groups loaned
the corporation $26,000 each, providing cn additional fund of $52,000.
This amount, originally a lean, was transformed into a capital con¬
tribution. making a total contribution of $226,000.
For this amount
2,260 shares of no par stock were issued.
Immediately upon its organization, the corporation purchased from
the Reconstruction Finance Corp. 14 Budd Conestoga Military Trans¬
port planes along with a large stock, pile of spare parts . The acqui¬
sition of all but two planes was financed by the Reconstruction Fi¬
nance Corp.
The remaining two planes, at the time of the sale, were
in Mexico under lease to Aerovias Azteca,
S. A" Under its regula¬
tions; the RFC could not make a time payment sale of articles out¬
side of the United States.
Consequently the purchase price for these
two
planes-was paid in full to the RFC and-their purchase was
financed by a loan
from a California bank obtained by some of the
stockholders who took title to the planes.
The Mexican lease on the
two planes has now been cancelled and arrangements are being made
essential
of
cargoes
American
war
Volunteer
.
the
the
return
corporation
;the
the
of
planes to
assumed
the
borrowing stockholders
to
title
the
planes.
the United States.
obligation
Upon-their
return,
at
tne
resold
four
four.
As
special
Paid
applied
Bank
In
of
the
another
Joan,
note,
and
■;
•
'
Conestoga
in
the
The
of
net
the
21.
1946,
paid
$20,000 apiece
the
same
purchased
are
used
indebtedness
and
the
Bank
the
cor-
profits of the
sale
for
the
oi
full
five'Douglas
C-47 planes
in
February, 1946, it purchased
at
tbe same price.
The RFC holds
these six planes.
The corporation also
$1,900 two Consolidated Vultee BT-13A
testing and training flying personnel.
corporation to the Reconstruction Cbrpo-*
America,
National
510,000
——-
taxes——————
debentures_--x.ri—
—'
" 35,068
♦After
posed
—
-
850,599
326,835
Trust
&
—V. 163,
p.
;^;vy
2011.
*
^
,
*s
j
v
v
;
,<st
}
Period End. April 30—
—V.
.
tit Is'pro¬
of treasury 1
of
aircraft
purchased
proximately $196,241.
as
Planes
new
are
model
in
March,
1946
ap¬
7
planes
chartered
totaled
to
produced by manufacturers.
shippers at a negotiated contract
are
price
to
dividend
their meeting on May" 8 voted to take ho action
at this time. Dividends of 50 cents a share had
at
due
meeting of the board in 1943, 1944 and 1945,
*
on
-
revenues—
5i,797
^
\
<?
t
»
Total
revenues-
$6,235,639
3,540,010
oper.
Operating
expenses
Maintenance
Taxes
———-
New Haven Clock &
'
,
*
,
Net
?
$1,409,762
on
share
convertible preferred
;^
May 2 publicly offered at $21 per
has agreed to use its best efforts to
procure
the listing of
the preferred stock, and of the shares of
common
stock into which the preferred stock is convertible, on the
New York Curb Exchange.
■ "
STOCK—Company
.
clock
AND
BUSINESS—Company
to
9,855,912
1,322,694
.
: 1,000,000
1,628,680";- 2,057,040
Dr8,814
action
taken
of
New
Haven
Clock
Co., ~:
,
.
$1,814,477
.* ' 6.'274
$1,043,303
43,332
-
^
.
- -
-
:
1
.
6,746,965
'
14,098,753
?
250,000
$434,340
•$237,015
(000's Omitted)
5,928,872
*
.
200,000
$985,855/ $1,097,171
pounds
$684,340
"<*r^*
'
r
»
150,000
150,000
$1,820,751
..['-.1,136,411
•$37,015
]
.
surplus—
steam,
of
$1,535,292 $1,086,635
288,121.
1,123,650
$1,135,855 * $1,247,171
.
■' >,. •
income——
,
■
-
^
15,871,129
♦Loss'.—V. 163, p. 2011.
Noma Electric
Corp.—New Vice-President of Unit—
President of Refrigeration Corp. of America, a whollyowned subsidiary, has announced that David Lewis has been elected
a
Vice-President of that unit. / '
.
*".
Mr. Lewis- will be in charge of the management and operation of
John
Bess.
Refrigeration Corp. plant in Perth Ambov, N. J.
This plant, only're¬
cently acquired by the companly, is devoted entirely to the production
of the "Frigid Freeze" line of home and commercial quick freezing
units.
The large Perth Amboy manufacturing facilities will permit
to increase its output several times over what ,it
according to Mr. Bess.
'• '
Mr. Lewis was assistant to the President
J. Baker Chemical Co., Phillipsburg, N. J., prior to which he
in the fields of banking and corporation law for 12 years.-
Refrigeration
has
in
been
Corp.
the past,
.
During the past four years
of
the T.
had
j
been
Y YY--
Merges Two Units—
Henri
by stockholders
$1,419,364
283,509,
*
was
manufacturing.
Pursuant
1^81,046
" 1,000,000'
$1,544,106
9,602
deductions——
Balance,
Sales
of 129,493,000
2444.
v
Watch Co.—Stock Offered—Rey¬
.
HISTORY
283,381
''
A.-X—XX-./fX?; 523,446
Approp. net income for
acquis, of bonds or of
new
property
this Association reports electric output
62,500 shares of 4J/2% cumulative
.stock (par $20).
;r
9,355,635
3,910,141
688,250
Gross income———
Income
interest at a rate ;
of 8,134,000 cu. ft., or 6.28%
above production
ft,*- in the corresponding week a year ago.—V. 163, p.
LIST
r
$6,860,878 $14,608,664 $16,050,123
435.000
income----—
Non-oper.
Gas & Electric Association—Output—
ended May 3,
increase
TO
1346—12 Mos.—194S
.
$6,853,052 $14,553,299 $15,991,564
58,559
7,826
55,365
435,000
■
income
Ouerating
Light Co.—Note Issue—
12,276,702 kwh.
This is a decrease of 394,894 kwh., or 3.12% below
production of 12,671,596 kwh. for the corresponding week a year ago. :■
Gas output in the May 3 week is reported at 137,627,000 cu. ft., an
nolds & Co.
327,421
—
Depreciation—-
of
cu.
1946-r--2 Mos.—1945
$6,229,342
steam—
oper.
April 30
New England
the week
of
A.
'
1946—Month—1945
1946—4 Mos.—1945
$7,200,653 $30,467,115 $28,407,087
and not later than June 30, 1950, and to bear
exceeding 2 xk %V. 163, p. 1869.
For
.'X,./V.v
.
•.
1949,
not
- *
t
■;*..
Period End. Mar, 31—
authorized the company to issue and sell its
notes payable to the First National Bank of Boston in
amounts not
exceeding in the aggregate .$1,000,000, such notes to .be issued < and
dated prior to Dec. 31, 1946, in such denominations as the company
shall elect at the time of issue, to mature not earlier than June 30,
SEC
regis-
mid-year
Other
Up 27.4%—
in
account
directors
the
Sales
163, p. 2011.
The
Haven
2;-rV»X163,Xpa?i869i-'t-:/
pni May
New York Steam Corp.—-Earnings—
ti "e
on
New^Ojrkj'Curb^^Exc^ange
6. 2444.
$9,176,670
New Bedford Gas & Edison
;
,
v
(J. J.) Newberry Co.—April Sales
Sales
$129,881
to $255,937.
payments were supplemented by year-end dividends
of $1 a share,
which have been declared in November, payable the
following January. The company resumed dividend payments in Jan¬
uary,
1943, after a lapse in payments dating back to 1932.—V. 163,
Inc.—April Sales Up 46.83%—
:
$173,846 ' [
$65,143
amounting
stock qif this pompany whichr is being issued
payable in July.
It is anticipated that additional
-planes will be ^acquired from mili¬
tary surplus stocks as they are made available by the RFC until such
tion.
Associa-"
,the:
7,633,793
1946—Month—1945 V 1946—4 Mos.—-1945
|4,002,583 $2,725,831 $12,455,188 $11,260,733
Period End. Apr. 30—
■
•
Cr42,685
.
Net sales
150,517
; [6,200
»•
no par value ,(»mmon stock qf The New
three-for-one basis,, was admitted to, listing and
been declared at the May
-
Neisner Brothers,
;^7,ti54
"
New York Central RR.—Div. Action Omitted—
The
on
incorporated in Con¬
necticut March
22, 1946, as a successor corporation to New Haven
Clock Co., which was
incorporated Feb: 17, 1853.
New Haven Clock
Co.
took over the assets of Jerome Manufacturing Co.,
which had
been organized in 1817
by Chauncey Jerome, who had been a pioneer
Savings
a
1,560,159
2,811,006
$35^144,515 $35,533,021
deducting $1,311,000 U. S. Treasury tax notes,
retire these debentures on July 1, 1946, out
to
on
tration. on
■
funds.—V. 161, p. 2335.
33,520
1,750
J
settlements
new. no par common
Co.
The
Total
$314,254
-
exchange ,fer the
Clock
14,220,375
,1,560,150
2,812,247
' 8,23,909
preferred stock of Pennsylvania Sugar Co.Capital surplus———--—
surplus V—
410,168
11,937
"
'
taxes-
termination
"1,753,380
-14,220,375";
5 %
Earned
,
260,618'
reserves
Capital stock
The
in
"'102,022
66,707
35,068
1,753,380
803,127
—
debs, of Penn;; Sugar Co
Other
24,500
'
18,407
$629,473
Lifting of Common on Curb Authorized—•
'
♦578,900
1,378,034
930,475.'
,,
/fteserve for contingencies.—
then
loan
remaining planes from the
in
on
'and -excess'
income—.X—
•Includes
were
was
A
on
for
of
and
negotiations,
source
mortgages
money
Interest
1/ 24,987*
v
190,000
cohimWtionS;'<"
Wages,
%t4 %
other
Net
28,611
218,587
■
218,587
—.—
Federal income taxes.—.2,156,000
and'
20,099
$87,252
38,544
1
'
———X
Fed.-tincome
for
and -excess profits
1,790,700
18,219
payable.
1942 renegotiation refund—
income taxes for prior years
Federal
'-Excise
try*-
the cor¬
stock pile*
:■
248,079
$295,846
.
Provision lor
although
reacquired
?
planes,
spare
planes.
the corporation bought
1945.
RFC for
recently
planes which
ration
these
gainst a and the RFC was the
fleet mortgage on
has
The
for
America,
from
purchase
$10,000.
purchase price
the
.Dividends'
purchase of war sav-
$1,546,962',.
*$218,577
11,854,077
———
Accounts. payable
Deposits for employees'
Ings bonds'
the planes will be for the full
14
shares
compensation
Prescott
against
December.
from
-
aliquot
Feb.
part
a
substantial
profit. ' Robert
W.
Prescott, President, negotiated
purchase of the 14 planes and the
subsequent profitable sale of
tne
"
with
On
bank
the
on
,
Shortly
poration
the
of
endorsers
are
and benefit of the corporation,
after the purchase of the
•use
acceptances
•
■;
profits taxes .(net)-—j.——
Prov, for Connecticut income tox-i;*Adjustment of 1944 Federal income
(LIABILITIES—
Trade
Group
.
for
—
•
$604,485
$67,152
——————
deductions >
Income
Prov,
FTeiffht Gopp.—Stock Gffered—Mention was made -in our issue of May 6 of the offering by
Bond & Goodwin 3nc. on May 3 of l500,000 shares of
.£Oxmnon stock; iCpar $1) at $51 per>shared
The stock is
offered as a speculation. Further details follow:
National Skyway
'
.
241,429"
273,110
expenses-
operations—.
Total- income *
"771,986
■S
from
130,291
195,314
"Deferred vchargesv
admin,
gen," and
Income
400,001
364,548
credit___)_i--—-._
claim-—
.
profits' tax
Carry-back
338,181
253,324
10,802,274
'
i;ti/:Net'/Sales^^iU-;--^-i.iX--i-^wS^'^$4,235f173'*1:i$5;937,987;'>$4;491,375
Cost Of: goods sold
L
3,894,910
5,092,071 X 3,947.449
4,865,236
4,000,000
propertY—--trademarks__^_^_>._-i—12-
excess
s
519,159
"*■405,707
257,596
5,770,178
(net
2,000
k;C*
:0;
1945
"
>
5,504",157
re¬
construction._._L'
new
2,000
>
;
INCOME-STATEMENTr:YEAR8'ENDED DEC. .31;>
k
1,300,000
...
a
Postwaf
deducting $225,146 In 1946. $324,794 irf'1945, $327,526
$241,965 in 1943 as orovision for depreciation.—V. 162, p.
*After
raw: sugar
-
fund
Net operating
$0.63
$0.48
K£$0.42*
Cash
for
.......
—
2,000
4,UUU
1944
'
545,779
refiners
other
as
•
-
Shares
Co.i—2,600
3,500:
3,500-
739,460
Other-; a ccounts
"
^
from
allocated
„
tha
are
j
-
R.
28,500
1,373,345
S. certificates of ;indebtednessi^l.Ir-—«.H.^v.^,
Due
upon
;
Browm & Sons
796,341
Govt...—
issuance
•- f
.
The DhiO Co.-w^-.—"
-Sutra
85,706
1,399.458
1945
for
:
,
income—
"
reserved
Shares
1,692,806
DEC.
stock
L
follows:
3,253,938
SHEET,
(Including scrip certificates for
are
the several underwriters and
of
names
3,750,000
BALANCE
stock
stock)
common
UNDERWRITERS—The
432,630
166,153
shares
804,757
in banks_^^.>--£.-.u^-L^V $7,972,331
500,000
U. • S. excess profits tax refund
..s-*
122,295
Trade accounts receivable (net).
...'..*..1.^ ' 1,701,957
.-v
""
profit
-Earns, per com.
-639,825
.41,928
x
-\t'
"•
<
'
>"JSTet
*„
refund of Fed.
"Post-war
$1,011,275
/ 22,385
> 747,500
$864,055
:'48,742
-,2,558
—:aX_X
'
-•
$793,456
>
—$188,442
Net profit
'.Oilier ^deductions Xi
three
Co.
common
.
.
'Ue
1946, in exchange for shares
Clock
conversion of the/shares-of (preferred stock.
79,100
594,195
shares, of
2,129,676
Due- from' U. S.
of
Haven
New
stock
common
of New
of
the
capital
Z■
number
stock
i
^
$481 360
272 998
common
New
the
'
.
com-
to
of
;
net- proceeds
,
pfd. stock
conv.
common
stock
ASSETS—
U.
Its
,
^
funds
of
issued, commencing
1942;
Cash on' hand1 and
5,955
production
machinery and equipment
new
shares
♦Represents
78,008
CONSOLIDATED
.
to
expects
Bateman,
.
watches
-
__
taxes—
net
(& Subs.)—
31,'45 Apr. 1, *44 Apr. 3, '43
-$770,806
$857,652j $1^95,320
-'
and
—w
Consol.
Mar. 30, f46 Man
IromvOper^r-$209,863
profit-
to
equipment
prewar
predecessor corporation
preferred issue now
stock consists of:
2444.
518,184
;___T
and ex¬
income
profits
cess
.
1 ' 3 Months Ended— "
its
/^CAPITALIZATION—Giving effect/ to .the Issuance ;by the
number
.~X_
taxes
Federal
''Farnings— *
.
clocks
-
State
>the
facilies. \ During (he war
and plant which will
plant's
machinery,
exceed
chase,new machinery,
>
of
stock
Sugar
on
Penn.
Depreciation
or
stock
of
work,
war
(d) Financing of increased inventory requirements__LlIIII
(e) General working capital__^>«_^__„
Goodwin
-^Net
from:?
(a) Repayment of loan by-Guaranty Trust Co., incurred
W/M* for redemption of 4,376 shares of 6^% preferred^-
(b)
-
6,321,652
175,140
;;
Contingency provision-
Steel Castings Co.
finer
the
utilize
to
to
-PURPOSE—Company
following purposes: *
$
,
4,491,620'
below
Diys. on (capital stock
-National Malleable &
fully
made
company
-
4%%
1943
104,139,806 117,369,175
rev
specified
Interest
p.: 2295.
stock
and
sales
oper.
ducts.
Ctlrb -Exchange .on
New. York
The
.
net
misc.
April .30 approved the listing
of 397,644 additional shares /of; $1 par value common stock, to be
issued against a proposed stockholder subscription offering.—V. 163,
.
will
were
the
production
Consol. income before de¬
National Bellas Hess, Inc.—Add! Stock Listed—
;
facilities
accuracy-in manufacture.
CALENDAR YEARS
STATEMENT FOR
INCOME
$
Consol.
stated.—V. 163, p. 2010.
■May, the company
163,
con¬
dommon
shares
Common stock (no par000shs.«";
1945
during
March, an increase of 49.5% over February and 88.2% over March,
1945. • The total of 18.854 passengers carried represents an increase
of 4,912 over February.
The increases were attributed by the company to additional services between New York and Miami with fourengine, 46-passenger DC-4 transports.
Further increases in passen¬
gers carried
and/passenger; miles flown are expected for April and ;
company's
•;
National Sugar Refining: Co.—Annual Report—
'
11,214.502 passenger miles
total of
a
the
„
♦180,800 shafes are being held in escrow.—V.
and
Watch
in
common
of- the
been ;.72,000
♦726,000 shares<
(par $11,000,000 shares
Ine*—More Miles Flown—
flew
corporation
&
being
'
Common
...
/
National Airlines,
Outstanding
the
of
holders
having
property
Clock
liabilities of
that
additions
enable
,
FINANCING
'Authorized
'
'
,
to' the
its
peacetime
common
Two other bids','each naming a 3% coupon, were received at the
competitive'sale. They were: Halsey, Stuart & Co. Ihc., 98.82511'; and
'Morgan Stanley & Co., 98.8199.
vx".•
1
The new 3%
bonds are guaranteed by Louisville & Nashville RR.
as
to both
principal and interest.
Proceeds will be used together
with bther funds, to -retire an equal face amount of series - A 4% bonds, due 1978.~Vv l63, p; 2443.; : A
!
• :
;v
The
and
the
Reconversionof
v
216,000 shares
Co.
Co.: <there
of
Haven
conveyance
products has been substantially completed
Com¬
concentrating its postwar, program -on a simpler line <with
fewer patterns and movements as compared to its
prewar lines."it is
expected that- this concentration
will produce a -volume of salable
corporation .has
CAPITALIZATION
WRtch
&r
New
pany-is
'
.
of
normal
.
-
all
and
of New Haven Clock Co. outstanding on the date:>of
(b.Kthe assumption by New Haven Clock & Watch Co
New Haven Clock CoJ<">-'"'<<lVi'i A.
stock
common
transfer),
;
Clock
Haven
to
transfer
the Issue of
(a)
of
1946;-all
and" conveyed
such
1946;
New* Haven 'Clock
of
of
24,
April
and
Detroit,
transferred
were
on
held on March 6,
meeting
special
a
assets
Co.
sideration
Chicago,
as,
at
coastr to
are
conditions In California, flowers . will be - shipped- from
year'around.
<
/
v.
carried loads-of perishable fruits and vege¬
tables
from
California
to
Eastern
points. " Because of the higher
cost
of transporting by air at current
rates, as against rail ship¬
ments, such food products can only be marketed at premium prices.
Only a limited specialty market or one using air transportation for
novelty advertising can be serviced at the present time.
The corporation
has also engaged in charter passenger business.
Many charter parties of passengers have been carried, across the
country.
For example. Naval personnel arriving on the West Coast
and
having brief furloughs have chartered planes for round trips to
eastern points.
The demand for such travel has been due solely to
the
stringencies of war travel,, and as space on regular air lines'
planes and upon trains has become more available, the demand for
charters has diminished sharply,
•'
/
•; '
■
PURPOSE—The net proceeds will be approximately $2,146,900.
The
money will be added to working capital to be
used for general pur¬
poses, firincipaMjr to finance the acquisition of'new planes.
?
Period End. Apr. 30-—-
*
Florida
California
Co.—April Sales Increased 34.36%—
(G. C.) Murphy
Miami.
and
and
variety
.The
,
.
such
South,
shipments
part
products are now being- carried in the corporation's
planes.
At the present time, flowers constitute^the largest volume of
shipments.
The corporation has contracts for three cargoes of flowers v
per week from California to the Eastern markets of Chicago and New
York.
The volume may increase, and it Is anticipated that,-because
of
Brooklyn—Successor Organized
(A. I.) Namm & Son,
and
the most
California
been-made between
West
Monday-May 13;:1946
■•;»•/■*
».•
For
States.
California
between
coast
have
the Installation of new fixtures and
of existing^equipment, and to increase working capital.
oraanizedi)n,-jtA.pril 26, 1946, is successor., to the de¬
modernization
United
continental
invent^'y.
purchase of-additional
1
V. ■'
wr^r/.'o.'
carry cargoes up, to the..capacity of the planes from any designated
airport in the continental United States to any other airport in the
>*•'.;
The
,,X
THE COMMERCIAL & FINANCIAL CHRONICLE
2584''
f.i.o
Sadacca,
Tnn
a
President,
cuhcidinrv
of
on
May 7
Pressed
• T'• Yr'*
announced that Nuevo Indus-
Products
Corp.,
was
merged with
'
"
'*"'-^"1'
'
■
.
tri
r /
r>'Y11 ' '<
*'
*
~
—————
'/
.
'■
>U) To redeem'.- (a) $12;O00,000 -first mortgage and, first lien 3%
The Judge ruled, "there is.no showing whatsoever that defendants
.-.bonds, -series B, at
104, which, exclusive
of accrued
interest, will ,A have used or intend to use the list for purposes inimical to the best
pre^ea rr
,_ require the sum of $12,480,000;' (b) $8,250,000 first mortgage and -interests-of the corporation itself."'"
;\5"4V-..
nets, Corp,, are located at Holyoke, Mass., in the: manumuu^ w
fim lien 3%. bonds, series C,at 103Va, exclusive of accrued interest,
; The management, in its Court'action",' charged 'that four days -before
pressed toys for the parent company.~V. 163, p.-2444.
will require the sum of $8,507,813; (c) $10,000,000 first mortgage and >
Mr. Muller was dismissed from the firm on April 29, he obtained a list
i
vV
•'
w
n
tj
J-7 ,v"
first: lien 2%% bonds, series D, at 10314which, exclusive of accrued
the company's stockholders tor "his own'selfish, ulterior
purpose/'
,
North American Investment Corp.—-Calls xsonas—interest, will require the sum of $10,325,000.
VPnd
effect a -change in the management now headed by Gerhard
'>«'» A11 of the outstanding Collateral trust 4% bonds have been called
(2) To repay $16,000,000 of its promissory notes at 100. •
,,
/ M. Dahl.
v
: >-'v .•■«•
•
.
4c o
Pressed Products as>of Apfil^0. Pressed Products Ck>rp., is a *uiiKidlarv
su
y
of Noma Electric
Corp. Both Nuevo Industries, Inc.,and
^
'
,
*
'
,
-
,
for
redemption
.
,
will k'*i
Payment
(3) To-be added to general funds of the company and be available,waller claimed that, as a stockholder: he had a
right to the'list.
be marifi nt-thp Rnnk- nf rniifornia
National Association:-trustee, 400
... for
general corporate purposes, - possibly including payment of part 4!*-- Walter G. Tschudin. is being added to the
management's slate of
California St
San
Francisco
Calif
or- at'the
Bankers Trust 'Co., , • of the-cost of construction work, $2,208,188.
.
directors to be voted on at the annual
meeting May 14. Mr. Tschudizi
16 Wall st
New Vnrk
n
v-Lv iri n 1433 Vv'; ■*! 1 '
:t -'" The presently outstanding $10,000,000 first mortgage and first lien
has been an independent oil operator and • drilling contractor in the
(,j.
,
,,'f ....
,
/,
2%%.'- bonds,' series D, which are-to be redeemed, were sold on May
mid-continent' and ■ Illinois fields since 1939.-Prior'to that he
wa$
TSTn.-fl,
nA,.«
Famines
•
1, 1945,' to and are now held by, the following insurance companies:
manager of Sinclair Oil's Mexican properties.' Mr. Tschudin
replaces
t-iU: f?Ameiican itayun voip*
n.diiuiig ., »
\ 1
v^-.,, Metropolitan Life Insurance Co., $5,000,000; Mutual Life InsuranceFranklin Clapp, who was proposed on the original
i2 Weeks Ended March 23-—
slate.—V16«,
1946
1945
- 1944J Co., New York, $2,000,000; New York Life Insurance
Co., $1,500,000;
p. 2297.
- v'r.
' V
Net after expenses_/^^^_//-^_//l/$l,146,203^ $971,366
'»952,947^;ii, Northwestern Mutual Life Insurance Co., $1,000,000; and New Eng1
**',"■ I'"
*"
-.'J
Net profit, after taxes>u
" 704,20J ." t408,366 :: 391,947
.vjand-Mutual Life insurance Co.,- $500,000.The net proceeds from
Parks Aircraft Sales &
Service, Inc.—Proposes to In♦Earnings per common share—$1.33
$0.76
;$0,72
: the sale of these bonds was used by the
company, together with other
June
on
1
interest;
and
103
1946 -at
-
:
,
.
,
-
Directorate
crease
VWrstocks,^^
ot class
**»? "TO ti
B
after preferred dlvldend^^ yequirements.
Tiwcfuaes
provision o, $154,000 lor amortisation ol war piant tacitities.-V. 163,
|^'UndS' tooefay the cost of It. 1945 expansion construction
program.-.y
^Tn. p.senUy ^stancUng $16„ "g'TS
.
,
'
^
Northern States Power Co
..puies rower
output of this company for the week ended May 4, 1946,
46,108,000 kwh., as compared with 46,238,000 kwh. for the
correspodning week last year, a decrease of 11.1%.—V. 163, p. 2441.
"
4
Placed
Co.r-Bonds
JfliJl
'
i
4.:
rn
cnriinrfttlnh
The
A4
nnp
Newark
1
N
in
duded
nr
A
with
new
imatiiTiiVafod
^
,
ariWinnAi
.
with,the-airline s>twin^ngine, 21-passenger
P
t"V«rh»^AtB
4nV
;
finiim
nr^'c
"
Ccoastf^^
.he Twin
y.
.
*
*
'
>
.
v
w
-
,
1
„
-
Asswjwiea
Operating
;
oper.
/such
■!«.-
Operating, revenues/.
_
Operating expenses
Operating; taxes ^
.
.
-,w"
*
».<■
'
'
i'
«
„
Ohio Bell
,
22,009
,
.
; $10,496-
.
13,063
.
expenses
Operating
taxes
•
_
f
rev?'
790 574
.
'
13 968
£_^
p.
-33,188
;,
(no
1 159 383
2162.
'
1
mortgage
first
and
lien
to
bonds,
,
Pn»
;
1,620,000 shs.
'
'
5*840
3 324 679
■'
'
7"
1,620,000 shs.
.
amounting to $586,785.
/
;
•
Oros» income
miles
Corp.;
the
to
point
a
sales
a
in
-
Ohio--mear.
-
the-Indiana-Ohio
States
of
'sl
!.
J
and Oklahoma;
15-mile
a
-
In. the
1944
year
the company
pipeline $0 the pointy of deUvery for^the. gas
from^a substantiaFpart Af this acreag^ and ^deliveries y ,
the month of
during
November,
1944
In
rfrtfq
mattthtno
'
'
iqrv
tg
Lynch,
trade-marks
^Fenner & Beane—2,500,000
Baker, Weeks & Harden
Halsey; Stuart 85^Co. Inc." 2,500,000
CarlyM.
laneous
The Wisconsin Co.——300,000
Loeb,
Rhoades
.
1,500,000'v IWy€lark&Ce._,.U
r. s. Dickson, &GQ,„inp,
*1
Weld
& Co
800,000
Inc.
amortized
-
■
v»
;
Stock was pui-
Fenner &
-
-
ftfin nnn
jLi
?
P
A
;
.
•
,
:i
Net
'•
,
The debentures
„_niiQllv
annually
With the above
-•
con
nrin
nno
*+u
for the
eroun
nnrtiPinntina
arp
-
Him
ana coupon rates
range
lilRtUrity; to 2,50%
;
:
arp
arp
q+
a
^
*0
nnn
maturity/
v
pprtain
inuodmlnf
-fj».rv,c
investment firms Who
Unaerwriting to the extent Of
debentures, with maturities
5>oU,UU0,t)UU Of the $50,000,000
from 1957 to 1971.
...
COUFON
MATURITIES
"
-
:
...■
-r,
THREE'-MONTHS
'MARCH" 31''
,
;;
•/
t
ENDED
'•
>
'1946
"
1943
~
$2 755 267
2*127*783
Selling, warehouse and
--
^
'„.f ,y
.
-$373888
u -
admim"exBensei^l'!L_
$627 478'
334!oiy
341-808 '
...
profit
:
Income
from
operations
,
Mi
credits
$38,080:
!
j*™ cnaiges
1
100.000
»Net
-
■
11*497
12,614
-
.
w-m/-
j,jsb
.
income
$46,521
*Before; provision for income and excess profits
$302,601
and contins-
taxes
gencies.
•/:
NOTE—Since
Rhoades
■■iv
$293 460
profits tax credit carry-back for 1946. is
determinable only When operating results for the full year are known,
-
2,500,000
the
company
calculation
of
any
has
considered
such
',
excess
tax
it
credits
of the year.
impractical
applicable
to
:
'
to
attempt any exact
the first three months
h
TrinvH
n
(par $1)
r<arf
Pn
was
of 250,000
publicly offered
Phinudn
<
/
^
Panhandle
Producing
&
Refining
"
Co.—Stockholders'
■
R- E- Muller> a former Vice-President, has announced the formation
Of a stockholders' committee
;
of directors at the
annual
Mr. Muller said the
for
the
purpose
meeting May
of
electing
a
new
a
.
the
that corporation
management
in
and
the
its
hands
activities,"
of
Reduction
period of
some
the
former
action
,
"left
business
control
associates
,,
,
,
-a
May 6 further stated:
in
1945
sales
is
for
the
first
approximately
quarter
.
compared with the same
to the elimination of war
as
equivalent
business present in the earlier quarter, oil field sales during the Hist
quarter of 1946 being about the same as in the previous year, t Sales
during the quarter "were affected by a strike of two months' duration
in
the company's Coffeyville, Kansas,
plant,
Reduced operations of
oil producing companies in some localities is having an adverse effect
slate "free of
any Rubinstein domination or influence."
Serge Ruoinstein, iormer
Chairman and President, recently resigned.
Mr. Muller said that when Mr. Rubinstein "sold his dominant stock
Interest with the public statement that he wished to avoid embarrassof
•
slate
14.
committee sought support for
.
on
tax credit carry-back of an amount which, together with income from
operations, should be in excess of the- dividends paid; or payable,
during the first half of 1946,
'
*-.
,
.
share was declared payable June 1, 1946, to stock of record May 20,
1946; a previous 25-cent dividend having been paid March 1, 1946.
it
is the opinion of. the management that on the basis of operating
results thus far in 1946 there .would be due the company excess -profits
Coburn &
1732.
__
Sidney Knowles, President,
on AprU 30, 194s, a dividend on the common stock of 25 _cents per
,
finu„t.n
ond
^
p.
A-
currently on the company's business but it is believed this condition
will not be of long duration.-: Increased cost of labor and material
-
/;,
/.
series due 1947_____. 0 95%
2 25%
AND
seripc
'
YIELDS
Hu»
with
no
increase
^
iq«n
«««»
in
ceiling
prices
for
the
products
sold
by
the
;
,
;
.
-
.
-
V
,
-v^;
»
L356*553
■
■.,£
...
Gross profit from sales
;
"^--i
-
,,.
_
■
'
coni-
of Mr- Rubinstein whose collective holdings of the corporation's stock
pany in the first quarter, resulted in a reduction in operating income.
amountcs to only a few hundred-shares."
It is inevitable that the company must receive higher prices for its
1.15% series due 1948 ^
1 15%:V/.22S%
iqci
o*™,? *
Associated with Mr. Muller on the committee are Morton F. Stern
products, but as yet, the Office of Price Administration has not
1.25% series due 1949_^:"L252 50% llritl d»t io«a
o
of Bache & Co- and Herbert G. Wellington of Wellington & Co. - ' ■>'-> allowed the necessary relief.,
■
1.35% series due 1950_
1 35% 250% tlr\tt
i'inJy -1 V... The purpose of the committee is to elect the following as directors;
At the annual meeting on April 5, 1946, stockholders authorized the
J.40% series due 1951 ~ 7* 1*40%
2 50%
Z
Edward Buxton, industrialist of Providence, R. I.; Franklin D'Olier,
creation and issuance of 19,000 shares of $4.25 cumulative
preferred
1.50% series due 1952_____ L50% iv
2 50%-ser H rinpiow"-" £tn£
•
Jr" of General Refractories Co.; James A. Fayne, partner, Bache &
stock, which shares were sold on April 30, 3946, at a price of $103 per
1.60% series due 1953_^_^-i ,1.60%
2 50% sprips Hup iQfifi""""*". o\nr/
:.-Co*» Joseph S. Frelinghuysen, Jr., President of J. S. Frelinghuysen : share, plus accrued dividend from March 1, 1946, to date of sale.
1.70% series due 1954__^__ 1.70%2 50% sei'ps rinp
rQK7~~~""~o
■'Corp.; Herbert G. Lord, associate of Laird & Co.; R. E. Muller, PanOf
the proceeds from che
sale, $1,900,000 was applied against the
i!80% series due 1955_____ 1.80%.
2.50%"- series Hup
o Mc°r
^ handlp-Vice-President; R,- G.-Stanford, Panhandle, Executive " Vicer.
notes payable to
banks in amount of $2,400,000 borrowed on March
1.90% series due 1956__U_*--> 1.90%*/ '.'2*50% series due
o\*>cr~
Bresident; Douglas L.-Hatch, attorney of Washington, D. C., and Aries ^ 25, 1946,- to-redeenr the previously outstanding 24.000 shares of $5.50
2.25% series due 1957Z-_lll/2.00%v/:'- 2!50%
-series'due 1970 ^ r~2 575^
Vernes, ^Executive -Viee-President ■ and General Manager of Philips > cumulative preferred stock. The remaining $500,000 of this, borrowing
2.25%-series due 1958_____ 2.10%
2 50% series due iq7i"~~~ 9 ko%
/ I10
p"
-*
lias -been financed with long-term bank loans, repayable in annual
2.25% series due 1959
2 20% : V
-i
:
«i.,..: Supreme Court Justice Julius, Miller on. May, 9
denied a -motion .•
installments of $100,000 each on July 31, 1547, 1943, 1949. 1950 and
PTJRPn<5F
VIM
nmppprf.
uowmnm1
'
vj . , for a temporary injunction brought, by : the Panhandle Company, to ,v 1951.:. -, As- indicated in the 1945 annual report," the net savings from
*hP foiin^nT"nurno^ff'»
-^(estimated $49,521,000)-.will be used, for, .^.restrain Mr. Muller from msing a stockholders' list which, the company-m-s the refunding of the preferred stock is estimated to be equivalent to
;»,_t
■
'
'
said, was obtained improperly by Mr. Muller...
0.95%
•
RATES,
'
R
f ment to
.
.
(ittciud-
$1 736 447
■
v
CommittPP Fnrmpd
Associated
from 0.95% for the 1947
1971
$16,635,173.
customers
gMd"s""sold
of
-
,v
f
Miadlebrook, New York.—V. 163,
nnn
} «}>AuUU,UUU
_
2445.
snares of common stock
•
F
irt ihl
icn
+Lo
^
p,
ACCOUNT
sales
;
inclusive
& Co.
total,
■.
INCOME
,
y
_
^SO.OQO^O00 serial debentures maturing 1947
to 197Tat prices to
yield 0.95% to 2.60%, based on maturitv.
163,
Loeb,
•
contracts and
war
v
'
thp l-mhlip
the public,
5,000,000
M.
$34,695;
.
CONDENSED
150,000
-.
^
v
-
S24S 044*
;
Farkersburg Big & Reel Co/^-Quarterly, Report—
Palmetex Corp.—Stock Offered—An issue
.
in
Beane_
Halsey, Stuart & Co. Inc. 5,000,000
-—V.
-
3 Panhandle Eastern Pipe Line Co.—Debentures Offprpd
_-As mentioned in our issue of
AprU 29 an underwriting group headed jointly bv Kidder Peabodv ^ Cg •
A/r^v^'U r-.r«oL r>: 'L
n.
y
Merrill Lynch, Pierce, Fenner & n' redDOOy, & L-O.,
Beane, and Halsey,
Stuart & Co. Inc., and
including The First Boston Corn
and Carl: M Loeb Rhnadpq iRr rn
nr*
A«rii 9«
.,
Carl
1946
rost)
-
/:■
250,000
H'rM
250^000-'
The First Boston Corp.__$2,500,000
'
Merrill Lynch, Pierce,
tk«
Gas & Electric Co.—V.
163, p. 2162.
-
*
oebentures of series maturing 1947 to i956
Kidder. Peabody & Co.__$5,000,000
terminated
on
.
28
$130,746; provision for contribution to the Parker
Pen Profit Sharing Trust, $275,300; provision for Federal income
taxes,
$4,365,000;, provision- for Wisconsin taxes,, $407,000; provteion for- Canadian taxes, $254,054;.
capital stock ($5 par), $1,900,000; earned surplus, $6,261,080; total: $16,635.1,73.—V; 163, p. ,1032,--
gSSSS;IIS:8SS
-
Gorp., W, C. Langley & Co., Bear, Stearns &
Co/ Paine,
Webber/Jackson & Curtis, Alex. Brown & Sons Salomon
cost),
150,000
177,000 shares - ciark, Dodge & co.____ 600,000 / schwabacher & Co
:
common stock
(par $25) at $44 per shar^ by The^First
/•2all^ar^n1^ecSQuail & co-___„____-_
Boston Corp.,
Goldman, Sachs & Co., Union Securities1 rr s'
°* nc
'
FEB
s«*ruritip<?' lafr'
government
accruals,
250,000
Biyth & Co., inc.—___. 1,250,000
of
.
,
$4,758,689
reserve for quantity discounts), payable largely -In. me*chandise^$l,010,385; .^^customers deposits for. promotional merchandise,
$563,474; accrued payroll, bonus and commissions, $303,387; miscei-
300,000
300;000
300,000
• - Mitchum* Tully &
(at
ing.-$312,613
Co.__
Rauscher, Pierce'& Co,_
White.
j
; ; 40,402 :
$7,301,548
LIABILITIES—Accounts payable, $1,158,748;-due
tngt ttstvk
Graham, Parsons & Co._ $500,000
Folger, Nolan'Inc.___350,000
Pierce,
secondary 5fst -t ?lectric made May 9 of
distribution was Cor^con^a7,S?w:5^hmSSS
-
;
736; investment in and advances to
wholly-owned:subsidiary, the Parker |»en Co.; Ltd. (England) , at cost, $109,9331 plant and
equipment
(after reserves for depreciation of $1,156,365),
$1,187,834; patent and
,
«
'5,239^33
miscellaneous receivables: (after .reserve for doubtful, accounts of $u0,85^ $2,496,340; inventories, priced at the lowerof cost (first-in,. first-;
outj or market^ $6,965,169; supplies, unexpired Insurance; etc., $417',-
Decei^er^^. y
i97i
$5 178 421'
customers accounts receivable, claims
.
'
$9,958U20
$4,718,287
;•
—
CONSOLIDATED BALANCE SHEET
ASSETS—Cash
DEBENTURES OF SERIES MATURING 1957 TO 1971 inclusive
Merrill
579*644
Texas
Kidder, Peabody & Co.__$2,500,000
.
n*
-y
> 7,494,303
.
The First Boston Corp.__ 1,500;000
2
,-;v
•
.
.
.
«
1945
,
$7,125,322
-
Hiit7ler: an/1
.1—$14,619,831
administrative expenses-
Income before taxes
•
,
Z
-
—
" nFRFNTTTRFR op
V
011
$2 687 183
v
/
*-.* •'
.
1946
-
-
Income from operations
company
_
*
ci
j
j
Cnasea irom Standard
*
,.
/ / 176,226
Transmission
,
-,
FOR YEARS ENDED FEB. 28
-(Including- Canadian -Subsidiary)
/
UNDERWRITERS—The underwriters below have agreed, severally
and not i°intly> to purchase the debentures from the company in the
-
raciiic Airmeuve torp.r-Stoclc Subseribed For—
^ro<?: A-
Parker Pen
ventm«
CONSOLIDATED INCOME. ACCOUNT
potatliear.Bana^Ind./adjacent to the Illinois-
.
V-'Vi'
:
Co-> Ltd- of Canatla in the amount of $172,017 but do not include
earnings of $63,969 of the Parker Pen Co., Ltd. of England, due to the
"nsettled International conditions existing at the present time. A dividf"d was received from this subsidiary during the year amounting to
-$140,875, equivalent to accumulated earnings for the-past several years.,;
.'•■r'lVThe corporatioh; through its
Preiiderit, Earl Herring,'has announced ' ^Haryuftan Ripley & Co.,
Granbery, .iMarache,ii<Siol
'ythfti. its ^recent; offering ^rh150;00C.- $hart»' bf" 'capital.stock 'at*
$14,501 y^-Inc'
1,250,000.:
Lord
per-share',has been fully subscribed."2341 subKhptions -for a
total"of^^■^yw,'-<A^Langiey-.A6Co.^2/J:>>:900,000iy'.^-IiEird,.BisseM'AtfMeede_i!:':,-'250i0Q0
81,560 shares were subscribed by stockholders and the
balance of
Salomon Bros.^ &Hutzler; 900,000
.Laurence M. Marks & Co,
250,000
68,440 shares waa. purchased autright
by Union -Oil Co. of California
1 G.
Walker & Cnr_^—
900,000
Moore, Leonard & Lynch , 250,000
♦tinder^, ay purchase
agreement,
-Total -shares-now
outstandings^ are
Blair At Co., Inc.-—
800,000
Maynard H. Murch & Co.
250,000
650;000.
"Eastman, Dillon & Co._l
800,000
Pacific Co. of California
250,000
he utilized
'
Hemphill, Noyes R U°,7_
800,000
Singer, Dteane &Scribiref
"250;000
to retire; loans and Jn connection
with .the company's expansion pro' Hornblower. .&Weeks..x_, 800,000
Pacific Northwest Co
200,000
y^wjor providing aircraft supplies and maintenance service, throughw- E- Hutton & Co.____
800,000
J. M. Dain & Co—_____
150,000
=out the
,Western States >nd Alaska.-Bee also V,-163; p.^2445,
Le,e Higginson Corp.__i 800,000 / Clement A.; Evans & Co.,
•/
u
;
-,-T"f fSar?Jn?.8 "Po^^ .^hov^ include the: earnings of
-
^Joiiowing.reBpectiv». principal amnnntK:/
-
'
3*328 187
'
I
»
1»o««««+
outstanding at
Feb. 28, 1946. On a comparable share basis,
earnings for the previous
year of $1,294,891 amounted to $3.41
per share.
Dividends of $3 per
ehare (equivalent to $1.50 per share after the stock
split) plus Wisr
consin privilege dividend tax were
paid during the current year•
'
10 684 328
43 343.408
";eVJ(t
<»
earnings for the
28„ 19.46, amounted to $2,331,682, or $6.14 per
380,000. shares (aftar two-fbV-one split 1:
share on the
'
,
■■■
an1
,
year ended Feb.
compa"J. entered^into, a^contract with The Shamrock^Oxl & Gas
the^purc^se of substantial q^
gas irom
acr«age owned a^d controlled by that company in the State of Texas.
25 197
-
13^^JoJ1153
.
..
e^u
.•
ra*KeF Pen CO.—57th Annual Report-rAfter provision for income taxes of $4,969,865, net
fiscal
l
,
.
$19 236 719
' 38*908
;
'
/
£03 192
.
^
stock... ^v.■■ 163;. P;* 31"r
.Corp.v providingior
.
$891 193
•
;
l>o«(f{«
,
par)-
MicMgaii Gas',
of
-to be produced
'
"
$20 110 148
3^^674 424
1*929*543
4 459 074
______
first
Detroit, Mich., and MUncie, Ind., and at the same-time acquired
completed
$49,947
$6,495,160 $20,071,240 $19,211,522
-
'
61,623
8 033
;-L,-'i:'
$6,776,606
P
t
u
.
the
1946—3 Mos.-+-1945
$6 5C3 193
operating income ,.$L158.149
income
^. 1 180 480*
Net
/—y, 163,
%
1940—Month—1945-
' $6
w
Net
■
84,902
--$78,219
'4^605
__
re venues_w
bperating
.
"■
—
$18,844
r-.-^
flnn?hpf?L
ti?ai outst^nd "8 1?9-°5°. sh,aJes
aS
Park*
Protirf»2f s-^14S^°fl8 *aily
?•
.pu i'*i.
related
need
for Vonifii
U' fv,
llne6!
?ftd.
JJe balance of fhe Snei iv
the ^irectors- to withdraw
T
.
■
rJ
t
i
,"
&
,
59*720.
-
Telephone Co.—Earnings—.
oper.
,
,iy Opera tin g
:
-
.....hi.
$343,540
$316,415
205,601 '181,566
-.30,399
$6,250,000
gas. -fieWs to a
commenced
revenues
Uncollectible
e
in
62,606
'•
■
Period End. Mari,31—//
Operating
nnJrni.'.r
..
$103,501
,,
385-
'
.
Co...
Fnierbergu,fS
'
°C
Excess profits tax --3,662,812
2,942,116
Wisconsin incomertax :x__398,990
253,009
boundary.
.Canadian income and excess, profits taxes.
255,489
81,62L:
also operates, as a separate unit, a minor transmission
y
....
system located in the'general vicinity of Kansas City, Mo..,
»
Net- Income tax$2,331,683
$1,294,891
-The company
presently produces .approximately -40%
of- its1 gas
Cash dividends paid
586,786
,492,147
requirements and purchases approximately 60% from others.
During' s^^Earnings per share
$6.14
$3,41"
the year^l943 the <mmany entered into contracts with Phillips Petro- v
*Based on 380,000 shares (after 2-for-i sDlit-up) outstanding at
Feb.
leum Co. providing for the purchase of substantial quantities of gas
28 1946
7
produced from acreage-owned and controlled by that company in
'
x-$3i6,800
;
422;
'
2162.
p.
:;/A.V.
< *
'
$343,962
-
72,423
—
163,
i~
.■■■:■■■
■■■
$113,276
,
___
y^Net operating-income
•Netyiincome
—V.
$103,629
128
141
'
h
S
■.through purchase, from Ohio, Fuel Gas .Co.plpe. line .r ex tending from
..
$113,417
rev.
M
t!' toge"?e«
I
Parkq
Oliver
to
earnings—Muncie, ..Ind.,
7'» 1946^-Month~1945, e, \1946^SMos.—1945
-.The -company
revenues
y Uncollectible
funds,
general
"Sri
S'Snnn
De^share
P
$3 27
"5S2S-?^®€??In*'; g°n®ral
/
:
;
,
leiepnone vO,
Period End. Mar;31—
other
of
,
withdrawn
and , from the Hugoton gas field in southwestern Kansas through
the States .of Okaloham,.Kansas,vMissouri, Illlnols. Indiana and the
^northwestern/.cohiiBrAot,dbld-;-Jiitoi'.^hft Btate of Michigan to a point
Detroit> Mich>
The. principal transmission system -la "looped,"
i.e., conslsts of double parallel lines along:;its entlre length, except
::--inear
'x
,
-
.
(a)
pay:
)^^i^i|^itit«t;-tovthe ships^us^ in^e:4iew-tjoast-to-coast Wrvice, five :}»»»
v'ffi^W^n?the^^4^fSto^tSr^^tt
°R iiveV^WkS' :A;ing^securities
.
with
western .end, - 28
daily^undrtrij^^eing;made^etween
At present,
between^the^''^l^iln^^Ues S ciSUkee' ^ ' tW)!dflU3rTOI1Iu1"-ripS:
'
together
company,-
ThP
BUSINESS—Company was incorporated in Delaware
^ T>ec.' 23, 1929.::. Company- is.;engaged in the production,? purchase;
c
transmission and sale of natural gas, the major part of which is
-.-sold to gas distribution companies for resale.
Company's principal
natural gas transmission system extends a distance of approximately
i-200 miles- from the Amarillo gas field in the Texas Panhandle
nnn
TV*
offering
HISTORY AND
-
'DCS^lJSs
and
Common stock
it
hp
the
by
re^emfv
priL
«o
2.50%„——$50,000,000
$50,000,000
cumul.*preferred stock;(paf $100)
150,000shs.
140,000 shs.
4%
"
two
th^
a.
"service
^ »
Guaranty
Pittsburgh,
of
,
n^RSaAr
niLp^^
coasT-to-coast
htSJSf- 52iJ v«tJ 2
th^hther between
^ Pnrnn.S^
nJratli Announced Innp^^phprioipc wii?
nmS hetSeen N^w York
r?between New Y
four-L^
fliahta
fransroniihentftl
wilt
•
$4,000,000;
A,
0.95%
:,
"
Co.,
OApttattVattow rXwri ffpppt to pppcsh-nt pTNAMrmr
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
>
'
Authorized
Outstanding
Serial debs, bearing Int. at rates from
'
tv(/,
Trust
which,/exclusive of accrued interest, required the sum of
- $6,281,250;
and (bit $10,000,000 10-year- 2% % debentures, which,
-exclusive of accrued lnterePt, requlred tM sum. of $10.200,0Q0.
- series
Auchincloss
Psrlrer fr Hpi^nath. on IVIbV 3 announced
AnV hn
that they have sold ^
privately to certain institutions an
of $3,800,000 first mortgage bonds, series A, 3^%.
JDated Mav 1. 1946 dun Mav 1. 1964/' Proceeds vidll *ba
nqprl to
V
IfiV n
1712
"
-usea ie% retire Avietine icenoe
existing issues.—V.1W, p. l/oz.
NOfthwest Airlines,: Inc.—To Inaugurate Transcontl"*
pental Service on May 15—
York
New
Iw^'to.bowd
proposal to.
a
*
redeem
,
jssue
<
use(j
were
' ^
■'
Privately—
•
.
Utilities
banks:
•/
V approved
tiv«»
on May
of directors to six members from
,
$3,000,000; Continental Illinois National Bank and Trust Co., $3,000,000;
Nati0nal Bank of Detroit, $1,500,000; and Chemical Bank & Trust Co.,
$1^00,000.
The net proceeds from the sale of these promissory notes
totaled
Northern
following
Trust Co. of New York, $3,000,000; Union Trust Co.
;
Electric
:j;
the
by,
Output—
(Del )—Weekly
weeKAy
^ stoekhoWers
•
_
.
.
.
.
.
.
...»
.
.
■
.
.
•;
•
u
i
.
,
about 25 cents per share of common stock.
See V. 163, p. 2162. :
2586
THE COMMERCIAL & FINANCIAL CHRONICLE
Tatino
Mines
&
Enterprises Consolidated
(Inc.)—To
-
Per cent of
^0-Preferred;1
-X.'XX'Shares"
%£\'-'Z':'//Z'>■/'.'•.
Namev
Reduce Capitalization—
*•'-/'•/': the underwriters, - the company is -tc/Jssue additional warrants," and
Stock 1the total number of Warrants • -their^out^tanding'i wili 'eVidence a right
to purchase 40,000- shares, of the icommon",stock;*
2iy3
V
UNDERWRITERS—The names, of the underwriters and Jthe number
13 Va
of shares to be purchased by each are as follows; /y •.
Common
';The^Wisconsm!:;oo^-^:i^Uiii-i-vi'fek^,500^r'
The
Stockholders will Vote May 28 on approving a proposal to change
tho par value? of the capital stock from $10 to $5 per share, on in¬
creasing the authorized capital stock from 2,500,000 shares to 5,000,000 shares, and on reducing the capital -by ah -amount corresponding
"to the reduction in the par value of the previously issued shares.—-V,
"163, p.-
,'R.iey
\'i }'
52
^1,000:
v.—-N1,000;;/
&
Jioewi
.
&
Co.-
•The "Milwaukee-
13%
1,000
•i:V,S//: George R; Cooley & ■ CQ-, - Inc;y-;-_v_-^->iw»t--.^_^_/,''• 34,650 shS.
/ INCOME STATEMENT FOR YEARS ENDED DECEMBER*' 3T/!/*/
"'v
Net
'
*
"
sales
V
"
'J943
"
,
'1944
1
3^?4 946
1945
:
MOhawk
r;
The
-
after
deducting price ad-
#•
Peerless Casualty Co.—Stock Offered—An underwrit¬
jUatmehts Oil 'govt,
contracts—./..
"War contract termination
-claims
ing group headed by Herrick, Waddell & Co., Inc. and
Geyer & Qo.; inc. on May 10 publicly offered the unsub¬
scribed portion (25,149 shares) of a new issue of 50,000
/'Selling expense
shares of common stock (par $5) priced at $14 per share.
Aamai. and general
expense—,
Common stockholders /purchased 24,851 shares.
Pro¬
yfrovision for doubtful accounts.^
ceeds will be used by the company to purchase- secur¬
ities which are- qualified as legal investments for in¬
Other income
surance
companies • organized under New Hampshire'
r
.
■"■'!/rv//-
'
'
56,192 '
,
'
,
802,072"^
f:
11,182,227
//
292,781
331,892
the
agreed
to
purchase
the
aggregate of 20,000-additional
The number of shares pur/ , /;
'
/
/
'
7,000'shs.
an
company.
follows:
Inc.-
are ;as-
,
-
7,000shs,J*:>
', Cohu & Torrey^.vW
308,993
197,145
stock of
common
George R. Cooley & Co.,
359,983
342,155 ■/ Zr
severally
iy(/ Mohawk. Valley investing^^Coi,
10,960,994
;/ 9,455,733
have
underwriters
/ chasable ?under warrants
$11,218,671 $12,631,516
$13,324,217
shares of
.
27,725/-
Torrey-^i.—-29,700 shs."
several
respective amounts set forth below,
$13,268,025 $11,190,946 $11,829,444
**,
'
Valley Investing Co., Inc.»-%_v-.—34.650 shs.--
/ Cohu
/ -.,
„
,6,000 Shs,* |
.
•
Jaws.—V, 163, p 1435.
•Total
Period End. April 30—
*
•
1946—Month—1945
$
$
' '
Sales
55,201,249
—
—V.
163,
$
i
$
40,174,384 179,308,593
'
excess
Federal
profits
excess
Wisconsin
"
159,660,293
Provision
state
for
53,892*
profits
L
tax-
tax
.
income
contingencies—/
651,489
V
'
Supply Co.—May Change Owner¬
—V.
163,
'•'
163, p,' J288.
'
$249,637
,
$200,273
.
stock
3 Months Ended March 31—
Operating' revenues
operating. expenses
1
<
,
'
1945
The - electric toutput for the company and its /subsidiaries for the
week ended May 4, 3946, amounted to 124,670,000 kwh., a decrease of
5,089,000 kwh., or 3.9%, from the corresponding week of 1945.—V. 163,
P. 2446.
•
*
*
.
^
"
1945
-
1 1,092,737 '
^
,
$$39,238
,-
income
'
•
"44,339
;
$100,963
10,771
and
11,168
:
Phila.
Co.,
Acquires
—
real
estate.
stock
'
is
the
Philadelphia
outlet
for
.
the
\ '
1,043
49/209
"'All
of
»
OF
PROCEEDS—The
new
'
the stock
/
■
"
,
u
stock
cpmmon
and
preferred
new
(V, 163, p.
1945, and to provide funds for
and facili-
Dec. 31,
'ties
The cash proceeds of the sale to the preferred stock underwriters
the shares of new preferred stock which are not issued under the
exchange offer will be applied to the redemption of the unexchangd
shares of old preferred stock*
•
•
'
'
1
The total net proceeds to the company from the sale of the new
common
stock
(after deducting expenses estimated
at $26,5801
are
-estimated at $4,973,420, which will be applied• substantially as follows:
of
Columbia
.
Mr. Stern added;
$112,131
.1,488
V
shares
"•
'
^
s
The company had asked bidders vto»
for which
they
would pay
of
In the Amount of $2,000,000 on
_
.
deductions
number
construction and extension of the company's plant, property
•
-
'BroadcastingSystem.
+.$28,467
>
Miscellaneous
awarded May 6.
was
smallest
2298) are being issued to retire the 117,404 shares of
preferred stock and the serial notes of the company outstanding
old
•
WCAU
,
-
The company has acquired WCAU, 50,000 watt clear channel radio
station, subject to final approval of the Federal Communications Com¬
mission, J. David Stern, President, announced on May 7.
The price
is $6,000,000, which includes the purchase of
$3,500,000 of securities
138,062
'
54,186
-
Record
WCAU—
$283,964
$92,616
77,668
fRailway tax accruals
'
t
—1
Equipment and joint facility rents
Philadelphia
,
}
/ The winning bid named 133,142 shares. First Boston Corp. named
"141,945 shares and Kuhn, Loeb & Co., Harriman Ripley & Co., Inc.,
And Smith; Barney^ft,Co;;-hamed/147,929 shares. ;
,
/ '
•
USE
(The)
'979,797
Station
/-/
the
-$5,000,000.,.
;
$1^263,761
Net revenue from -railway operations..,-^
:Cther
*
issue
name
:
Peoria & Eastern Railway Co.—Quarterly Earnings—
'
(par $10) at .$3$ per share.
The
Philadelphia Electric Co.—Weekly Output—
"
.
■
| Offered—Kidder, Peabody & Co., Blyth & Co., Inc. and
associates on May 8 offered 113,142 shares of common
C
Corp. above.—V.
'
(
Public Service Co; uf New-Hampshire^-Common Stock:
58,000
••
% z
'
Colonial utilities
,
D.elong. H, Monahan has been elected Financial Vice-President. He
had been on leave from the company since the middle of 1942 and
his Army service terminated on March 31.—V. 163, p. 2446.
;
1732.
p.
"
561,000
59,580
95,000
.
$253,249
Pennsgrrove Water
See
44,000
2297.
p.
ship—
-
-
•
102,397
—
^
—Elects Financial Vice-President—
,
188,891
'
36,000
.'-.-'/ 10,000
:
1,071,195
/
•_
.
tax—
by the > underwriters,
Provident Mutual life Insurance Co. of Philadelphia,
$1,052,164
181,098
■??■>«
38,000
warrants
56,330
$1,187,804
81,598
and surtax——
Declared .value
1946—4 Mos.—1945
'
•
*
$995,834
$1,133,912
$1,641,439
841,439
tax
The purchase price of such warrants is 50 for each share purchas¬
thereunder.
No offering
to the public is be.ng made of such
]
able
5^12-
-i ':"//;:i;:>/4,353':-
$1,599,102
>■: 42,337
income
Otner ..charges
Federal normal
(J. C.) Penney Co.- -April Sales 37.4% Higher—
<3,588
.
«
of-WCAU
,
,
Broadcasting Co. will be purchased by
56,418
the Courier-Post Co. of Camden, N. J., which owns the Philadelphia*
Record Co.
The Courier-Post Co. is owned by executives of the two
/ (I) To/the plreferred stock refundiiag^^^-t^i^--^^w«^./ $2,600,043^
Net deficit
fcr
$86,373
§$61,888
/newspaper /Organizations. r
-<■
(2) To retirement ,at par
serial notes In the^amount - v
:
•Includes. Federal income taxes of $66,600.
/
^'As soon As -building priorities pemit; a combiried'newspaper;i radios
tlncludes wage award
p: of'$2,000,000
2,000,000/'
and television plant will be erected at a cost of more than $3,000,000
•V- and related taxes applicable to January, February and March,
1946,
(3) To provide funds for construction and extension of the
®
.$84,855, /^Deficit.
on the City'block bounded by Broad,
Hncome.—V, 160; p. 50.
'■/.•:/;
:/"/ V./- J/■/ -J"
Spring Garden, 15th and Button:/
company's plant, property and facilities
373,377
wood Streets, Philadelphia, Pa., now owned by WCAU. '
X;Vv';c'i; •••;;•;. s';Vf:?.r*?v.S
"Dr. Leon Levy, President of WCAU, and Isaac D. Levy, Chairman
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Pere Marquette
Ry.—Merger With C. & O. Approved—
of the board, will become directors in the Philadelphia Record Co."
*
/
"
*,
/
Authorized.,
Outstanding
Th6 stockholders at their
—V. 142, p. 2513.
.annua)./meeting iieid pn Mdy +7 approved
Ist mtge, bonds,ZSer. A 3%% due 1973 ^Unlimited*.
$21,080,009
the proposed merger of this road into the
Chesapeake & Ohio Ry.
tPreferred stock, cumulative ($100 par)./
160,000 shs,
•
Co.
The required
majority of each of the three classes of Pere
Total
,
fixed, charges--,.—,
'
—„—,—
,
,
,
.,
„
"
.
,
Marquette stock
Pitney-Bowes Corp.—Employees' Benefits Increased—
voted
approval.
Proxies voted in favor of the merl ger proposal represented 79,889 shares of the
prior preference stock,
73,230 shares of the preferred stock and 371,039 shares of the comi'tnon
-'Stock,
;;/////.;/.
'
Increases
.
/ the
Interstate Commerce Commission is required
will
v
become
effective.
The
>
Commission
now
before
has
the
the
having .completed hearings on April 27^
0
■
•;?
1.
^Bowman, President of both roads, told stockholders that,
on the basis of-estimated
figures for April, the Pere Marquette would
v
show
deficit
a
of
said .that wage
.
in
787
•
\
the
John
$531,441
increases
road's
tor
for
first
four, months of
1946.
v.*
,
*
~
J
•
-
'"i1
/
J
^
:\f
' l"*'-
\
f".' X
'
,
'
/ 1
.
C.
to j-eplace
mortgage 4V»% bonds, series C, due/Dec. 1, 1950. at 100 and interest.
Payment will be made, at the Chemical Bank A Trust Co., trustee,
165 Broadway, New York, N. Y.—V/ ,163, p. 2012.ar>
/
($10
/
500,000 shs.
par)
•■Unlimited in expressed amount. • tOn April 22,. 1946,
102,000shs,
,
v
J 698.695 shs.
tha articles of
argeement of the company were amended to authorizze 180,000 shares
of preferred stock ($100 par> and to eliminate 280,690 authorized but
unissued shares of preferred atock (no par). Prior to the issue of the
securities
the
offered,
now
effective
amended,
stock
the
for
change
company
moneys in the
stock
after
of
articles
agreement will have been
the presently outstanding
redemption of
the
preferred stock, to eliminate the authorized .117,404 shares of preferred
■stock (no par).
tOn April 23, 1946, 565,55^ shars of common stock;
($10 par), were issued to New England Public Service Co.,
in-ex¬
t/ V»
has called Jor redemption oa- June /I, next., out^of'
sinking fund $128,000 of -first mortgage AVzVe bonds, due
Dec. 1, 1950, at 102 and interest; $39,000 of first mortgage 4Mi% bonds,
/ iseries B, due Dec. 1, 1950, at 102 «nd interest, and $70,000 of first
.y', The
,.
Shields, General Counsel, ^d Milo M. Cronk, Vicq^Presi^
Marfager of the Pere Marquette, were elecfced'^direcJoh?v,E. Dwyer and John J. .O'Laughlin of Chicago,
who had -resigned because of their recent elections to the board of
the Chicago, Indianfcpolis & Louisville
Ry.—;V. 163, p. i2297.
.■.
-
tors
de¬
Pittsburgh Steel Co.—Partial Redemption—
dent and 'General
-
/ ;
their
amounts
Z V
months of the year. He
responsible' for an increase of $1,042,-
the
and
will continue to be undeiwritten by the- Metropolitan .Lifd'"
on a cooperative basis whereby the employees contribute
and the employer bears the balance of the entire net
cost.—V. 163. P. 2298. '
,
1
1
'
"
the first four
were
payroll
the" employees
The plan
fixed
under
advisement,
-.
-accorded
Insurance Co.
merger
proposal
benefits
pendents of this corporation have been included in the revision of its
group insurance program, according to R. W. Marshall, Assistant Sec-
::
; The stockholders of the Chesapeake & Ohio By; Co; had approved
the merger plan at their annual meeting on April 23.
Approval of
;
the
In
3.35% dividend-series
JCommon
137,180
outstanding
previously
of common
have been
shares
The articles of agreement.of the company
(no par).
common-stock; ($10 par), and
authorized 200,000 shares of common stock (no par).
i amended to authorize 2,500,000 shares of
eliminate the
to
UNDERWRITERS—Each
of
the
severally
underwriters
a
Shares
Shares
'Perfex
r
'
and dividend.
••
•-
STOCK OFFERED—Comon stockholders of record
given the right" to subscribe at $15 per share for 26,164
shares at the
held.
rate of one share for-each five
.Rights expired April; 19
except
one
share
Preferred
which
stock
is
and
the
taken
was
entitled
to
total
shares
issue
of
cumulative
•
1948, reducing
v
*
^
i
e
•"
u
j
,
1949, and
company's, net earnings
dividends
the
on
for
PURPOSE—The--entire
net/ proceeds
corporate purposes and will be added
pending specific allocation of
such
sinking
^June cumul.
1,
Wz /c
.
fund
pfd.
stock
($100
^
NOTE
by banks in
amount
an
at
as
available
PRESENT
March
"'
7,500 shs.
.
'
Perfex
sale
Corp.
which
:
156,982 shs.
unsecured
notes held
1946 of $1,100,-000.
J
•*
radiators
in
Milwaukee.
selling corporation was dissolved.
1934 the company has manufactured and sold industrial
In 1939 its radiator line was expanded to include
coolers and intercoolers. These products are used principally on
machinery, oil well drilling and and oil pumping equip-
..
excavating
ment^
:
road "machinery,
motives
or
and various
diesel engines. >
In 1935 the
perature
Laio?
trucks,
other
tractors, air compressors,* diesel loco¬
equipment powered by gasoline
industrial
Z
J,®friSerat/on' and air conditioning
f
in
the
domestic
^«rthia5imp^ny
-
•
systems.
Production
heating field.
peacetime
attributes
business and not
this
to
increase
wartime
to
and
■
1940
normal expansion of
years
demands.
<mntUro\sgwa9<!
iarti ri r^ rQH^
tractors
tiactors,
tured
a
LhiS
vehicles
years the manufacture and sale of
l,r^ d but the company continued the manu-v
tn
and Other were adapted for use: on military trucks,
war
equipment.
variety of
war
products/including
munition, gunsights and telescopes in its
"•
held
under
i"struments> such
Government
as
lease.
UNDERWRITERS-^The
percentage of the
ber
of
are
as
shares
of
Company
also
manufac¬
components for am¬
plant, and components
prisms, lenses and articles
in
a
plant
* p
the principal underwriters and the
unsubscribed shares of common stock and the num¬
names
preferred
stock
follows;
of
to
be
purchased
by
•
them
severally,
.
company,
<
purposes.
' "
v
.
<
in
Weld w Co.——
&
11,024
11,024
11,024
co._(Tncj
/ 7,889
Wertheim
t
t
White,
'
c,
of
160,000
shares
of
common
out
of
Witter
business.
"
»
*
>
•
Si
3,942
'
-
"v;
/v.
stock
.
>
this financing the; com¬
pany has Issued and outstanding 61,000 such shares.
After. the com¬
pletion of this financing, the company will have issued and outstanding
160,000 shares of
(par
common
$1).
stock.
Prior
.
-
to
'
163, p. 2298, 2447.
See also V.
PubilC) Utility Engineering & Service Corp.—Outjjuti
output of the operating companies served by, this corpora-
Electric
for the week ended May 4,
1946,. totaled 185,474,000
compared with 191,718,000 kwh. for the corresponding week
a decrease pf 3.3%V. 163, p, 2447,
tion
/
5
A special meeting of stockholders has been called oii May 24, td take
action on the proposed merger of this company and the Submarine
"SignaU-"Co.---;•
It; is proposed to exchange 51/* shares of Raytheon common for
each share of Submarine Signal, making a total of 394,295 shares /of
Raytheon
Issuable
on
such exchange.
The /authorized
common
would be 2.250,000 chares, of which 1,447,453 would be outstanding
f and 233,170 Would be rcserved/for. issue upon conversion of preferred
-•
StOCk
/As
of
»...•
'
163, ,p.
Ail
of
'the
called
been
company
and
•>•/•:■-
X--.'J/-'.;/i/j.* •
'
1872.
Reliable Stores Corp.—Calls
?
.
;v
'
•
Convertible Pfd. Stock-
outstanding/ ahares of/ convertible preferred
redemption on June 10, next, at . $31 per
for
stook have
share and
cents per share.
Payment will be made
at the Chemical Bank & Trust Co., redemption agent," 165 Broadway,
/New York, N. Y. '
- • .•" /•'•"
'^;v-J'"//Each share is convertible into 6/7ths of a share of common stock
on- or
before June 7, 1946. / In lieu of fractional., shares of common
stock the company will make a cash settlement in respect thereto
on
the basis of the closing price of the common stock on the date
dividends
amounting to
conversion.—V,
of
our
163,
29
p,
2299,
*
,
-
.
>
Brewing Co.—Stock Offered—As mentioned
of April 29 Westheimer & Co. headed a
Red Top
in
issue
banking group which on April 26 offered 150,000 shares
of class A common stock ($1 par) at $10.50 per share".
The
issue
30%
represents
of both classes of, common
stock outstanding; formerly held
directly or indirectly
by 12 shareholders of the company.
It is the company's
offering of any of its capital stock.
••:•-,
:
HISTORY
AND
BUSINESS—Company .was incorporated
in Ohio
April' 7, 1933.
Company is controlled by Louis Ullman and Edgar
J. Mack, Sr., and members of their respective families.
The Ullman
family owns 56%% of the voting stock and/ the Mack/family owns
first public
.
.
.
36%%
of the
who
voting stock.
'•/■■
>
.1
was incorporated by Louis Ullman and
,
Edgar: J, Macs,
Cincinnati for. many
and the original stockholders in addition to Ullman and Mack
Joseph Ullman, Howard Ullman, A. J. Lehmeyer and Gustav
had
were
closing' between the
:)'■'
Novv- 30f, last, 4the /coinpany bad outstanding 99,930 shares
cumulative preferred stock and 1,053,158 shares of common
stock.—V,
years,
of
of
$2.40
the -common
the time
,
'■
WARRANTS—Prior to this financing the company has issued and
outstanding warrants evidencing a right to purchase 15,000 shares ■ of
At
kwh., as
last year,
^
Raytheon Mfg. Co.—To Vote on Merger—
The business
-
stock.-
3,942
Co.—(—
'
*
CAPITALIZATION—The authorized capital of the company is 200,000
common
y
——
Co.,
3,942
Hallgarten & Co.—
total
a
-
„
-corporate purposes.
of
0,176
L. f; Rothschild & Co.—
>
from the
warrants
will be -approximately $221,000. "Of such net proceeds it is presently
estimated that the company, .will spend approximately $100,000-to-Ray
the purchase /price" and
the installation charges on the hydraulic
presses
and auxiliary equipment already contracted-for, and being
installed.
The
remainder of
such net
proceeds, or .approximately
$121,000, will be available, according to present estimates, for, general
Shares
Co.
&
Hutton
effect to this financing, the company will have an out¬
capitalization
such
11,024
Pierce,
Beane
&
central Republic
approximately
-The company is continuing the business of manufacture and sale of
plastic products previously conducted by Mr. Zeiger. In its manufac¬
turing plant at HI Rock Avenue, Flainfield, N, J., the company is
currently producing a variety of plastic products, including certain
all-plastic end products and a number of,plastic parts for more, cojmplex assembled units.
The principal all-plastic end product manu¬
factured at this time is a plastic dripking tumbler.
The plastic parts
now
being produced include radio tuning knobs, parts for welders'
helmets, electric stove parts, motor -control parts, artillery dial illu¬
mination parts; telephone parts, the coating for radar unit handles
and parts for electric soldering irons.
The, company, also, distributes
at the present time plastic dishwafe produced by other manufacturers.
metal
own
Lynch,
E.
and
PURPOSE—The net proceeds to be received by the company
sale of 99,000 shares of common stock and from the sale of
1939, principally
-,-/ ■!//
s sales ^"creased substantially during the
Company
Hs
"
■
■
company commenced the development of automatic tem¬
controls for domestic and industrial
heating systems, com-
fi of these products reached commercial levels by
'
Inc.
200,000 shares.- -■«'
i
v
:/
*"
C
' ' /
The company was formed in March of this year to acquire from
Henry B. Zeiger the proprietary business previously conducted by him
under the name Plastic Insulator Company.
The company manufac¬
tures and sells plastic products, including certain; all-plastic.«nd prod¬
ucts and a number of plastic parts for more complex, assembled, units.
The principal all-plastic end product manufactured at this time is a
plastic drinking tumbler. The plastic parts now being produced include
radio tuning knobs, parts for welders' helmets, electric stove parts,
motor control parts, artillery dial illumination parts/ telephone parts,
coating for radar unit handles and parts for electric soldering irons. M
used
/
Following, the
WIs.
eP,®'ine radiators.
r
Investing Co.
ORGANIZATION—Company was incorporated in New Jersey March
28, 1946 for the purpose pf acquiring from Henry B. Zeiger the. pro¬
prietary business previously conducted by him under the name Pia.stic
Insulator Co., together with the principal property connected with and
"
Wisconsin
and business
in
the
Since June,
•
•
7,500 shs.
-
an unrelated corporation bearing the name
engaged principally in the manufacture and
was
of industrial engine
transaction
.
'
$550,000'
W
250,000 shs.
! not the liabilities) of
1
.
:
'
■
,
"/Outstanding
- 1
/
$550,000
31,
Valley
authorized issue cf
general'
FINANCING
T
.^HISTORY & PRODUCTS—Corporation was incorp.
r^,y 5,1934. 0n June l, 1934 it purchased the assets
.
for
'
Authoriz6d/
short term,
on
Mohawk
proceeds to be received by the
After giving
standing
working capital
/ /
;
the net
/^or general coHJorate
subsequent
but not «xceed-
due
par)..
Company is .indebted
/
.
;
1,971
Folger, Nolan Inc.
1,971
Hawley, Shepard & Co.
Hill & Co.l——f - ^4: J,97 V
Kebbon, McCormick & Co.
1,971
Schwahacher & Company1,971
Stroud & Company, Inc._
1,971
Yarnall & Co.
/ L971
W. H. Elmes & Co.—v
1»314
Dillon
■
($1 par) common stock was made May 9
group headed by George R. Cooley & Co.
share. Other members of the underwriting
$100,000 will be used to pay for and install hydraulic presses and auxiliary equipment already contracted for. The balance will be available
.
Common stock i$4 par)_,—'
,
be
funds,
debentures,
each
the company's
'
•
Of
$100,000.' /
-over
CAPITALIZATION GIVING EFFECT TO
4y2 %
and
1948
will
to
11,024
subsequent Jan. 1, at the
preferred stock)
$10,000, plus 10%. of jts net.earnings
tng
..
on each
>
xu
year .(after accrued
..
1,
11,024
Merrill
99,000 shares
by a banking
Inc., at $3 per
syndicate are
payable
50^ per s^are bntil a price of $101 is reached, and thereafter
? f«i in,'each case
accrued and unpaid dividends and. is
Pen®ilt of an annual. sinking fund, consisting, of the
of the.
,
wnole
on Jan.
& Co...
Dean
Glore, Forgan
Co.——
Goldman, Sachs & Co.—
Plastic Insulator Co., Inc.—Stock Offered—Offering of
stock
quarterly March 1, June 1, Sept. 1 And Dec. 1, subject to deduction of
the Wisconsin
privilege dividend tax; is redeemable in whole or Jn
on 30 days'
notice, at $104 per share to and including Dec. 31,
•
W.
Fenner
-
-
dividends
Hornblower & Weeks
11,027
Eastman,
V. 161, p. 2337,
3
3,942
11,027
Blyth & Co.,
Schotter,
Treasurer, Pennsylvania RR., 380 Seventh Ave.,
New York, N. Y., will until 3 p.m. on May 31 receive bids for the
sale and delivery as of June 1, 1946, of first general mortgage bonds
at a price not exceeding par and interest, to the extent of $113,380.—
subscribed for
»
W.
Kidder, Peabody to Co,—
common
common
was.
the underwriters.
by
4Vs%
April
H.
'
c
-
COMMON
were
,
:
Pittsburgh, Youngstown & Ashtabula Ry.—Tenders—
Corp., Milwaukee, Wis.—Stocks Offered—The
Wisconsin Co., Milwaukee, in April offered 7,500 shares i
of 4%% cumulative preferred stock ($100 par) at 102.50
'
to
agrees
price which bears the same ratio to $5,000,000 as the
ti number of shares opposite its name bears to the total number of
shares of new-'-common-'-'stock: "
'v""
-
"purchase for
been
engaged
in
business, together in.
*Yolump 163
v
Number 4489
THE COMMERCIAL & FINANCIAL CHRONICLE
Koenig., These original stockholders became the. officers and directors;°t
the
company
Street was leased
of
purchase
its
upon
fully to equip the
for its operations.
former
The
with
of
the
plant
privilege of
exercised
was
incorporation
plant
Hauck
and
and
Hauck
immediately
Brewery
Central
on
purchase and in
the
and
Dayton
either
on
115
'v;#:; single phase, .60 cycle alternating current.
V
Tlie
.
;
the privilege
1937
for operation
wired
.<
company-'.makes
electric
providing
ranges
construction
number
a
and
for
different
accessories.
The
sizes
of
details
Babbitj;
•
'
.
"
of
the
-/
Net Sales
1
*
?Net 1
■
1945 (9 mos.)
Income
6,417,264
1943—.....—«.
5,451,384.
1942—___
4,626,693
2,939,469
794,270
.
2,487,588
2,969,953
u
1938
1937^^
'i
:
777,142
417,934 //
/ 253,481- .J
:
.'107,640
92,005 >
.170,860
81,819 '
80,154 .1116,986.
property
affiliate,
the
capitalization
./•>>
the
of
.'■*
i-
common—...:
is
" 420,000 shs./
80,000 shs.
A
which
common,
intend
sell
to
3,500
they have
shares
of
the
v-*
underwritten
-
♦
••.-■..i.'.-:
of
are
Westbelmer Af Co,—2--Cruttenden & Co.^,___—i..
A.G.Edwards & Sopsi—
"
"
f
;
//: *
80,000 shs.
COMPARATIVE STATEMENT
/
sales,
less
i
goods-soldlx--^
otherbperatingexps.v/;:'
Sell., gen. Ac adm-exps.
7'.:
2,850
2,850
1,900
•
l»rav^
for
V 7,762
55,594
pbtful accts.
$2,166,369
4,188,317
'-Balaime.
•-
2,029,658
.
6
;
»
Total
34,415
33,771
209,200
$124,852
' -''."-2-79
1713
$134,285
3,017
26,709.:
3.1,697
merchandise-the
international
model-in
tax
; '
to ^Ohdonnbn? May >2.
owned
throughout tha Britlsh ,Empire.
"
,
-
-
•
-
^
•
.
Net
4
<
,
p, 2447.
€o;-^To Shbw^ Operating Loss^4
_
$2,566.
.
Net
ruption of production
schedules growing out of the prolonged General '
strike, steel strike in January and February and the current
tie-un in the bituminous coal, industry.
'
the
six
months
at
,
«-
,
5
y}''•
-*$69,348
•
—V.
-A''
'
•
r-
j
plant
was around 50#.
There was considerable improvement in Apiil,
with shipments from the; Jackson plant showing a substantial increase
and some improvement at Cleveland..^ An early
ending of the coal'
strike would quicken owr .returA to nprmal
production.'*
has a large backlog
•
,
,Mr.. Munn said that, the company
orders, of-which about 75# are orders
from
the
The
•
,v
■
/
$599,146
$1,939,031
unfliled
of
^
J
2,337
•
automotive .industry.
396,885
1,343,745
$1,820,723
1,154,962
•96,4-25
309;27Q
297.382
$105,480
$283,679
7?^36
185,393
r
>
,
$368,379 ;
comphny plans to start production at its new Trenton, N. J., plant
around June 1, and at the .new Los Angeles plant about a month later.
With these two units in operation, Reynolds Spring
Company's capa¬
city will be increased from 35% to-45%
Mr. Munn estimated.--V,
*' :,
•,
1943
--
$411.P47
$396,195
34,660
26,269
65,402
5,365
2,679
46,960
rvl,428,739
1,052,018
*118,836
1,144,502
4,120.
*206,436
*68,570
;
Vice-President
-
94,432 •'
38,991
*:
"Period
Railway
End.^Mar. 31^/
oper.-
1946—klonth—1'945
expenses
•
1946—3 Mos.—1945
$3,722,625/" $6,"820,446 $10,778,497 $18,973,462
3,137,970 '> 2i991»738.
8,367,131. "8,439,283
revenues
RiaUway- opef;/
I1''1
i
i'
1
j
j.r,i
\
n..'i.
.
will
-Net^hicome:
Earnings per share on J49,000
v
$113,259
1946
-
$0.59..
than
»Current assets amounted-to $5,808,966' oh March 31, 1946,
includiing
cash on hand,; in banks and Government
securities
of
$2,642,210:
Currents-liabilities, including provision for-Federal. and other taxes,
amounted to $1,540,806, a ratio of 3.77 to 1.-—Y.
162, p. 2519.
'
.
a,
■
>-h'-v i?
'-V'..
-■
'
'
.
v.
-
Deducts,
$Q.30-,
13.87%' less
<were
Total ry. oper.- income
$69,146 *
,
\:"''V.V-
'
,
'/
The stock was priced at $8
pe£:
y'.'yk'.
•
ipcome.
the assets, and
over
business
which ,wa§ merged into
ment
of
/ in. Delaware
March
of .Roberts. &
Roberts
merger/, effective
•
Mander
April- lr
11,
Mander
1946,
Stove
*/y Net
td
-
an
530,556
963,399
.
$1,057,315
33,383
•
fr.
;
,164,427
•"*
'
V»'"w'.W'l; '■*&
,J
110,296 /
'inc._...
gross
-
$2b(ii7|29l
PURPOSE—Net ' proceeds. ($1,376,341 );• of
as'' follpws.:. Payment of bank loans
additional
/
'
working
CAPITALISATION,
•
-
Notes to
„*
$776,341.
■
175,000
agree--
'.J,
shares
-
'
1
Of these
notes
$400,000
payable
be
ap-
.750,000 shs>
,w
.
OFFERING
Authorized
.
U—;™-'"
(pur $1
will
-
(approximately)* $900,600;
GIVING EFFECT TO PRESENT
-
.
.
'
banksJ_---_l^_^L^_i_vi2/:vT.-:iV'/fNot limited)
Common stock
<
funds,
the
760,726
.
!
,
of
$1,015
''"jfej ,r«*
V«: -Ht-..
the
each
$838,349
v
rate
principal amount
per
any
$519,163
' $2,256,565
time,• unless:preyiously redeemed,, into common "
company at a basic
of 55c cumulative
rate of
share
are
Rochester,
Rochester
,
May
as
Y.,
subsidiary,
common
324,160 shs.
N.
Oct.
stock
of
1929 for
the
by
of
an
,
"(1) Gas
•t.
on
demand
and
be$r interest at the
rate
of
In
/
extensive
ranges
tured
a
•
l'/a
convertible
shares of
stock
common,
preferred stock.
Bank, New York.
/
products
line
now
.manufactured
ofranges. of -the
suitable
for
operation
liquefied petroleum
(2) Combination coal-gas ranges
or
gas;
for
by the company com-'*
following principal types:
either
cn
;
natural,
manufac-
.
the above typescof gases;
and
like
upon
notice
the
sinking
$100,000
...
by
of
use
,
operation
of
proceeds of
the
sinking
released
prop¬
fund
for
least-$4,500,000
by--maturity-ai*
sinking fund
is
subject
cumulative
following redemption prices:
prior
1,
to Jan.
1951,
and
principal amount of
proportionate increases
to
preferred
at $107.50
at
I/"l95iv together in each
such
upon
,;
,
v
stock
$105.50
with
case
share if
per
per
share
if
redeemed
redeemed
accrued-dividends
„
to
;
......
«
,
on •
after
thereon
cumulative preferred stock (par $100)'and from $l,OftO,'G0O 7
2-year 2%
bank loan will be approximately $34,711,195, after deducting
and sale.
Such proceeds, together with cash from
of "issue
expenses
the. general funds
applied as follows:
the
of
for
the
1939
and-1940
finance
company.
common
of
stock.
to
the
company
1
to
the
extent
t
•
^
will
necessary,
•
bo
,
^
(b) Payment
''T
•
Registrar—Irving
of
names
Samson
Company
.The
the
of .the. company.
the
company
-The
purchase
lender
Cutlery
has
lender,
from
Co.
and
wholly-.-;
incorp. in
Ltd., in,corp.
assembly
~
borrowed
and
-.
-
substantial
in
connection
with
the
company
dissatisfied
with
in
Ontario, ;
distribution
—<
-
—l/J.
& Water, Co./
interest
on
the
bonds
referred
in
to
to the proposed redemption date thereof
1946)
-7-
,
1,
—
—_
(a)
$11,070,610
//,
•
*
(Sept.
—
246,623
—_
Redemption at
105 on Oct. 1, 1946, of $7,800,000 first
refunding mortgage 5% gold bonds, due April 1, 1965,
of Spring Brook Water Supply Co——
(d) Payment of interest on the bonds referred to in (c)
the
the
-
// above
t
(Oct.
of
/
thereof
.
-
r
t'
195,006-
—
Aug. 1, 1946, of $12,930,500 first
refunding 5% gold bonds, series "A,"
Aug. 1, 1967—7——
Payment of interest on bonds referred to in (e) above
due
(f)
•■/•/•''•'/>
13,189,110
—
1946)
the
proposed
redemption
date
thereof
(Aug.
———
7.
1,
323,263
—_
(g) Redemption at
mortgage
ac¬
its
management
date
mortgage and
to
the company.
The directors thereafter caused its retirement and
installed a new management.
Subsequently, the lepder acquired 50,966
shares of
common
stock
from
persons
identified
with
the
former
management.
The new management then installed has continued
to
operate the company since that time.
on
redemption,
/
8,190,000
*
in
from
loans,'
shares
to
the
proposed
1, 1946)——™
(e) Redemption at 102
v
•
"amounts
110,700
became
'r.'-.
(c)
one
United Realty & Mfg. Corp.,
the purpose of acquiring title to the real
also owns 50%
of the
of
of
/above
7
i.
respectively.
purpose
Scran(pn Gas
'p.
-
company. ■ Company
Samson-United of Canada,
products
options
Co.,
Samson
14,
owned
31," 1934,
Canada
under
Merchandise
York
quired
PRODUCTS—The
prise
due
form
prOceeds to be derived from the sale/ of $23/- ,:
500,000 first'mortgage bonds, 27/8% series due 1976, and 100,000 shares
HISTORY—Company was incorp. in Delaware August 27, 1929 forv
the purpose of acquiring the assets of tyro partnerships
doing business/f¬
property
annum.
registered
,
.
3%
fully
the $23,500,000 principal
the initial payment for which provides for the
principal amount of bonds in 1947, is designed
bonds,
new
Such
o$-4.101%
-Transfer Agent—Chase National
New
-
to principal in the aggregate"'
$10,000 per month until fully paid, bearing interest at the
of ,4%u per annum-on unpaid, balances.
The remaining $200,000
are
In
\ PURPPSE^-The nht^^
**"
/Trpst Co./New York.
owned
v
Outstanding
<■$600,000
of
amount
redeemable
the redemption date.-
Samson United Corp.—Preferred Stock (^f-eFe6k-Burr--.'
& €o.,:Jn£. and associates dn May 9 offered 125,000 shared
of 55 cents cumulative conyertible preferred' stopk ($3 •
in
,.
and
.
certain instances, by
of
retire
Jan.
*
lilied
only,
authentication ;and delivery ,of additional 1976 series bonds.; 7
or
i
;;
for
r
The dividend rate on the. new preferred stock is 4.10%
per annum
and*it is to-be redeemable at any .time, in whole or in part, upon not
less than 30> days' written notice, at the- election of the
company, • at'
$2,906,995 K
109,568
.
31.981
(
$254,320 $l|092*296?$1,273,995
2$3.?05 " c 2,53,0.47
751,832
income
stock
take
4
$3,869,395
—V..163,,p;'2299.V/,/
Co^(Pa.-), ^
Corp. pursuant to
1946...t
to
principal
par)" at ^Ojper sh$re flat to dste of delivery to undeFf; ^(aj.Aodempttoii'^a^/ipl 9P Sept. 1, 1946,7oi $10,961,000 first
i. t"/'/mortgage .iVsnVo- gold bonds,
due March 1, 1958, of
accrued dividend hereafter.
■
*
%)
...
CORPORATION^-Organized
$1,694,983
305.54$
-
$220,937
v---1-^
writers; plus
Vji Transfer;Agent t;Fidelity^Philadielphk ..Trust flo.;^^ Philadelphia.
Regis« >- >#
.Convertible: at
trar; Corn Exchange National Bank & Trust Co.,
Philadelphia.
'
be
in
bonds.
v.
■/ v*:-. ':r'■vSS'M-:.:^
oper.
.■
and the balance of 108,790 shares is
being sold, for the:
account ;of^"Stroud & Cp.vlnc. ;
'
•
to
as
-4.10%
income
Deducts,
company:
»\-r ]
$1,362,859
167,087
{Gross^
1
shared pf the total >
being sold by the
are
also
amount
■>
Eoberts;
rManderv Corp.^Stock -Offepedw-Offeripg ©f7
283,790 shates, of corftmpri stock (par $1) was made
May $
7 by an yndepwriting syndicate headed
by 5troud & Po,;T
offering, 175,000 shares
registerable
from' ry.: oper.
VNaii ry.
"; Npn-ontF.
#
Inc.
$388^924:
,.-incpme
•
3,500
2%:% series due 1976 at 102% arid interest. The
awarded May 1 on a bid of < 101.397, Further
follow.':* *
*
1
t
retirement of
.
shares----,
com.
Shipments; during .the first quarter of
those for .the; same quarter of 1945c
•
,r.,-
—
5,000
*SeligraanV/tubetkin 'TSc~ Co./.; " 3,500
..
-
-
5,000
;
SINKING /FUND—The
..
a
5,000
*5,000 *
erty, at the special redemption prices.
The initial general redemption
price is 105 '/$ % of the principal amount and the Initial special redemp¬
tion price is • 102 '/a %, of the principal amount; plus accrued interest
inr e.ach case,
'
1
125,000^
r; -
■
Blosse^—10,000,
was.
fund or,
f
!. •'
,
V''.
Shares /
published notice,; in whole,/or in part by lot, at the
option of the company, at the general redemption prices.
The bonds
.
•
10,000
^
*
-
Co,ii//10,000% ' -J.-GrBradfqrd iSr
Hano
„
.
Straus &
,
respective
;v'/':
"
at least 30 days'
-
,
$495,997
the
w)thoju£; coupons ii) the. denomination * of$ 1,000* or multiples thereof.
Coupons-end registered bonds
interchangeable.'. /
j
fThe-'bonds^ jviH be- redeemable, at any time prior to maturity, upon
charge of manufacturing..- Mr. Thompson hadv
•Net rev; fr. ry. opers."*
$584,655 -$3,828,708 ; $2,411,366 $10,534,179 ;
been Production Manager fqr the pastern division.—V.
163, p. 2299.
/Railway, to* accruals:
/ad' valorem
' '81,667 ;
84,266
247,741
'254,060
i fitter Co*
Inc.—-Earnings-r—
Federal Income
' Crl0,575'
2,298,496
205,918
6,159,926
-'Other, Federal—J
358,415 $§ 347,200 ..
153,51$ / 4?0,535
Quarter Ended March 31-^
a $46 '..
1945
''■/'/"■ *-/i - ''*■
Net -profit-.
'/HA'" Ml'1
'.'.m/1. wi.'i'j.'.n i'''$286,084; v $222,436 1
; .fRy. - opev; *•'incbnie_r/2. - r $360,044
$1,325,411
$1,599,291 $3,772,994
Depreciation,
47,325 ;
28,290''- Other
"ry. oper.' income
28,880
37,448
95,692 v
96,401'
Nedeyal and Stotc^ franchise Uxes,i:_-_^_^»_.
f$5,5.00
r
.j,
-
Scranton-jSpriiig Brook Water Service Co.—Securities
$1,000,
^
in
,
20Q.OOO
$218,990
as follows:
are
134,722
198,605
692,571 1
the underwriters and
of
names
'
$829,324
/
45,000
-
will be ready for delivery on or about
May 15, 1946, at office of
Halsey, Stuart & Col Inc., New York.
Interest payable on March 15
and Sept. 15-of each year at• the
office of the company In New YprkThe definitive bonds will be in coupon form in 'the denomination of
:
'
V:St*; Louis Sotithwesfcern Ry.^-Earnings—
>
$1,156,561
.
829,000
,
*
ftheepi M^niifactujriiig pp.--New' Prpductian • Manager
$1,156,739
/ 39,000
'
"FIRST-MORTGAGE BONDS, 2%% SERIES DUE 1976
/
^Dated" March-15; 19461 due March 15, 1976.'
* 7 7
uv/r r1/'Bonds in the first instance will be in
tqmpdrary form, later ex¬
changeable for-definitive bends.
It is expected that temporary bonds
• -
'
-
-
1544
-
$450,344v
•,; %
*18,188 r
*Deficit.—$63,' p.' 2013.'
• ?447.
'
,
1945
.
Net .-ry* qpe»v -incomeJit ^ *129,221
Appointment of Norman E.vThompson as -Production Mattogerfor;' all^;
plants of this company has been announced by W. E. Curran, director
profits tax^i-*4
p." 1576:.
163.
Issue
163,.V
,
'
$970,884
102,327
,39,233
.
--
&
bonds
271,466
•.
.
/Grosa1-frpmr railwayJ/l!/",1,247,-383
Net. from; railway.*30,136
-
5,780
23,697"
-
our issue of May .6, Mellon Securi¬
Corp. headed a group .of investment bankers which
on May & offered to the
public 100,000 shares of 4.10%
cumulative preferred stock ($100
par} at $102,50 per
share. plu> "acrued. dividends, r The issue was awarded
og a bid it i00.329.
On the same date
Halsey,
/Stuart;/ & -Co., Inc. offered $^3,500,000_ first mortgage
>
1,486
.$1,936,694
1946
From January 1— ''
■!
3,321
,<^10,664-^^
^
S
ties
$1,822,209
$598,790
$91,369
58^721
^
Net ry. oper.^income—^
/
\ '
7,921,732;
Off ered-—As npted in
1946—3 Mos.—1945
356
GrossMwmd/trattwayH'/^ ?5 >$454,037-;
Net/frpm toUway^wli-- ; .; ; l9,761
«
$1,186,038
'
-V* V
■
• r
rEarnings—
J03,496*-'
March—
,
$1,149,396
"
.Riitlapd;
period,'*. Mr. Munn said,-: "our Jackson,
only 25# of capacity,-while the Cleveland
$8,892,616 /
10,212,399
Co.^_—14,000
First Securities Co. "of Chic.
& .Co
i.—11,000
M. M. Freeman & Co., Inc.
A\ M. Kidder-8r Co.—11,000 / 'Claytoii {Securities
Corp—iE*. W. Clucas.A5.C0.—v 11,000
Courts & Co.—
.
U
461,302
>1
Income ;'
?16^*
'
1943
12,?81,093
—
excess
details
^
"During
Mich., plant operated
.
-zT' Mh
YEARS
1944
.
•
'
Net/operating *' fpoome
,
general'&
>'y':
V
4
profit"
Hirsch
i$74,873-'- $135,810
75 6
Operating-laxes-'^-t^^
„
1945
'
(net)
'
funds,
capital
$13,430,489 $11,398,437
and selling,
Francis I/'duPont &?
^
ir
Corp.
>
Motors
and
•
$656,923 >
L_-
expenses
'
Niewburger &'
'
1946—Monthr—1945 Z
.
Operating
SUMMARY DF EARNINGS FOR CALENDAR
UNDERWRITERS—The
m
.
Rochester Telephone
j
'
,
working
_
.
S /'*' -"i k
T [S
period End. Mar. 31—r:;
Operating • feyenues
Uncollectible oper." rev..
.
i_
lOperating., revenues—/'. $6561167.
■i Ch.arjes
G, Munn, PreshJtht, on Mf.y 7, .stated that the, compahy.'s
report ior the six months ended March 31, covering the first half of
the fiscal year, would show a substantial
operating Joss due to dis¬
;
.*
company's
number:of shares to be purchased by each
1
'*
1
Shares '* •
,
.:;:v
Reynolds Spring
"
I"I- III
*$59,021
f
X
17,859
1,696
!»"•!■ I
income,
t
is distributing its ball-point pen'
in 37.1oreign fCountries, .and is
formulating plans for Additional assem-.
biy planU in^ther'parts of*-theaworid,
■
'
'•>' He said that- antorder, for 80.000 pens has; been receive4-froih; the :;
company's
representative in
the Union of Soqth
Africa.—V.
163,
the
/
>
*$18,922'
16,101
•
•Loss.—V* 163, 0, 1872.
*
cfMr^peynoldstoai9!the?iic6to^^y
increase
s
•
__i.
Ill III ■
said that negotiations are being carried on,to open an
assembly
plant in Australia for manufacture and redistribution of Reynolds pens
to
.:
•
applied as follows:;
expenditures made and to be
fof capital
cojnpany
Dempsey
______
He
-
J25,000 sh$.v125,000 shs.
; 324,235 shs.
will ,be
^Net prom r--—$288,739
-
surtax
above.as of '
Dec. 31, '45
• 250,000 shs.
.
PtovisidhS'jfor contingjen.cie.S—-
94,802
*
Pro forma
-
Authorized*
750,000 shs./
Burr & Co., Inc.-__21,000.
;
income'*
Pennsylvania
corporate
•: net income tax__
.
•
:
and
the,
v
Net
of
sub
normal
_
England-and .the-United King-
:<dpm<^Miitcm4Itoy»Qlds^Chaiinian|va^
liquidation
wholly
.:
Federal
Att;-ordw.-for; 400,009- ball-poin#- pens has been received by this com¬
pany from W.- JU. Smith A?. .Soh^vCtd^ ?who ha^ been given-; rights- to
ioans______
on
*
'
Federal/
..-1,353
22,994
on
/
"
Federal inddme tax./..,
*$20,275"
$285,304
14,905
Interest
'
—
goo;
.
$277,590
9,432
,
9,493
Loss
'
•
-
$275,000;
,
127,080
.3,000
16,505
International^Pen-^ Co^Enjjl^h Firru PJaces
Large Order-^
in
-
-
reimburse
.
29,405
257.181
•
income
4 Reynolds
of
are
(l
-
'
Other deduqttons
•
7,500
,
166,666
51.4%
■-r
.
'*$46,734
Othejr; incoroe,.
.
interest
which
.*
Profit from operations—
Interest expense,/—
15,000'/
^
of
Delaware corporation organized in
a
.administrative, expenses——.—
$4,710,881
-1,000
V
its
-
-
Cpst of sales
$3,599,640
:
Exchange, '
total
approximately
outstanding.
Industries, Inc. is
',
Net sales
,
1943
Income deduptions.:——
v
,
..
1$44
585,014
.
•
'
t
3,183,190
$602,587
Cost, of,
•
*
-
nriade,
dis-
per..:- ■i-yi cpunto;/
to
.$807,748.,
3,800 .*;/
,
Curb
a
capitalization giving effect to this financing
■■
To
(OLD COMPANY)
1945
and
of
its
companies
,i
Years Ended Nov. 30
Jap. 31, '46
Gross '
issued
the
of
company
and
by the lender.
and the purchase
York
owner
constituting
president
the
options
New
the
.*PURPOSE-r^Net "proceeds>■■■ ($1,082,748)
3,800
4,650
OF INCOME
2 Mos. End.
Bhares
Piper,. Jaffray As Hopwood
'
'
'3,108
-
stock,
the
the
on
became
Common stock ($I-par>-,.
,
.Stein. Bros.
"
23,795
4,658
$5
common
of
stock
Pref. stock, cumul. ($3
par)_T_jJ.
55 Cents cumul. conv.
pfd. stock—
-
'15,300
11,500
Q
the
of
owned
as
?3>795
.6,200
6,200
,
exercise
.
9,600
r.
,-Janney &
;M. M.:Freeman
of
the
of the
thereof
addition
f"
t-;0,6OO 1
"
8c
All
,:/v
Stockholder
15,400
1
Courts
/
v;
15,400
& Co.,
Glover & M^cGregor,.
& ifcyceziWi': 15,000"
The Ohio. Company—~£
7,500.
30,000 ;
T&,OQO
^
-rV, 163, p. 5299.,
"Lbewi & Ccpi:
fiO.OOCt
38,109
24,708
13,500
,
Weeden
-
Outstanding *
420,00Q shs;^i
£*
,
■
:
of
,
-No. of Shares PufchasedFrom
From
38,100
outstanding indebtedness of the
an'd shortly thereafter, Clark-',
full
suggestion
Clark-Babbitt Industries, Inc.,'
the company,
owns all of
the stock of '
engaged in the chemical, paper products, food processing and
toy businesses, and acts as the sales representa¬
tive of National
Fireworks, Inc. and of its wholly-owned subsidiaries.
The company has never
lu\d any significant business with ClarkBabbitt, Industries, Inc. or
any of its associated companies but fur-;
nished a small amount
of ammunition components to National Fire-"•
Works, Inc. early in the war,
'
number '
the
the
Industries, Inc.
in
stock;,
issue'
follows:
as
—v-'T—tYarnall-'4evCo4„—2^---./
Burr & Company, Inc.—
•
i
1946,
follows:
as
-
are
■Butebpr,,.. &■>•'
,
t*?:/'-:?£/?"
shares to he token-by «ach
.{Shares
by each
-•
-
and
•
the
paid ,in
at
Industries, Inc.
such
amount
three
received
merger
underwriters
Sons,
Grjihams^ Parsons &
% UTOEBWRITE^IS—The /hames:of the' severajL underwriters and. the
number
if
be
to
•
tlite
-
company's
P)oyees pf• Sho .pompghy,-.09-ijM&.jipL^QW;stockholders, at $9,50
shares
of
for each share of
corporation hereafter
Er;H.: Rollins 8c
agreed to sell to the underwriters, ;
class A common stock to 18 em-
said
agreement
new
of
names
shareholders,:7in 7 ftddition; to>>the,: 150,000 : >shares. i>f
class
the
corporation
the
Stroud & Co.,
60,4271
-
follows:
as
Authorized
^
new
Should
sell the
Corporation
73,724
•
Mafch;
to
./
-
,
i
company
."v
;>
Class -B common——
i The
selling
>
:
.
.*36,831-
of. reorganization 'In
result
of
terms
the
UNDERWRITERS—The
of shares
,
a
of
company!
191,625
subsequently purchased.
was
stock
of
old
107,827
'
19,612
the sale of this 10,000 shares' of' class A common
</lass 'A
175,435
:
62,571'
' 24,902
«
/'
241,326 ; /
.
.
' v
'
.
CAPITALIZATIONr^s;
and
729,704':^'v 265,536;
3,186,94?
531,872
tl96,24l
96,077
238,653
tlnctode$ amortization, of improvements to -te&sed. property
*Loss.>
which
-
the
was
common stock
(being the only voting stock) is owned
by a partnership consisting of four Individuals, who are also the sole 1
stockholders of National Fireworks Inc., which owns all of the
preferred i
stock of Clark-Babbitt
same for less lhan $3 per share, then
f t additional shares, and
-the price of the shares purchasable under-the option v;ill be
$461,428
reduced,;.
148,074 i
,200.900
593,181
278,039
-190,632
.
shares
the
under
company
10
of
Income
$840,280
;
/'/205,636"
1,224,105
V
1940—2,711,125
;i039_i.-fc.v
$213,069
■o}d
'V ' J
Net; /
for Taxes
1,218,161 -l *^222.920
1944
___■
Provision.
for Deprec.
$6,247,865 v $1,514,779
1945.—7,056,699
1941_
Provision
-
-
balance:of
Inc.,
shares
Clark-Babbitt
//"/
EARNINGS AND PRODUCTION, YEARS ENDED- MARCH ,31
\
of
1943.
.
•
additional
shares
other sales, of that: stock
§t a lower figure.j The obligations of, the "U
assumed
by
the
new
one of -the largest brewery operations in the ■' :'t old company: under the option v have been
Ohio and sells its products both at wholesale and retail.
cprporation pursuant to the agreement of merger.
Under the terms /
The major portion of the
of the pption, the purchase price is now $3 for each share of stock
company's business is d°ne directly with
wholesale distributors.
#br-th«Ttoew;/e6i:^or6tlohr'due to the fact that the shareholders of the.
j
Industries,
Clark-Babbitt
T^The ^company.conducts
State of
-
the
Subsequently,-through
later to
'The
a)e,
1943
company,
acquired for investment
the
stock
options to purchase additional shares thereof
of
and
appearance
"finish are however basically
the same, all ranges being finished in
a number of'
surrounding properties. /
white porcelain enamel and all models are of the modern table-top
'
y type, which are
company Is engaged In 'the business of brewing; and selling
36, inches in height irom the floor to the cooking top.
fermented malt
beverages, beer and ale, which-are produced in its1
STOCK PURCHASE OPTION—On Feb. 21, 1945, Henry S. Minster, •' '
two plants in
Cincinnati, Ohio.
Its products are sold to the public
then President of the old company, upon payment of $2,000 acquired
under the trade
marks of "Red Top" beer, "Red Top" ale, "Barbaan
option to purchase xertain of old company's shares at a price of
vpsa" beer, "Twenty Grand" ale, "Felsenbrau" beer and "Old Hickory,"
$30 per share, this price being subject to adjustment in the event of
and
in
company to the lender
and
gas
different
over-all
2587,
Late
volts,"
yS:.y>
models
and
general
230
or
/ .v >
different
of
title to the plant,
took
company
out,
set
Cincinnati
of
Avenue
Electric ranges
(3)
due
Aug.
103 on. July If, 1946, of $2,016,500 first
and refunding 5% gold bonds, series "B,"
V 1961—
—1
—
(h) Payment of interest
to
the
1946)
*It
is
bonds
•will
be
proposed
be
July
bonds
referred
date
to
in
thereof
(g)
above
(July
that
15,
that accrued Interest
1946,
an
and
amount
*42,610
-
contemplated
increased by
1,
:
-
presently
will
on
redemption
^
-
*2,076,995
-
of
the
redemption
on these
these bonds
date
on
approximately $4,200.
•
GIVING EFFECT TO PRESENT FINANCING
M
^« Authorized
Outstanding
CAPITALIZATION,
series due 1976
bank loan-.,-..-:———
First mtge. bds., 2V/a%
tTwo-year 2%
New
4.10%
New
common
pid. stk.
cum.
stock
1,000,ooo rv.
100,000 shs.
$100)—
(par
2,000,000 shs.
.par)—
(no
any
such
'
t
t
r,
into
franchises
acquired by
Subsidiary companies.
and
erty
The
also
and
is
company
Water Supply Co, Scranton
by merger all of the prop¬
of Hyde Park Gas Co. i On Aug. 31, >1943, the
merger all of the franchises and properties of 62
in
factured
'
■
-
;
gas
;
\
W
■
primarily in
public utility engaged
operating
an
and selling water
and selling manu¬
and municipal use
impounding, storing, transporting
manufacturing, storing, distributing
for domestic, commercial, industrial
of
business
the
v-''".-,
•
The company has two wholly owned subsidiaries, Carbondale Gas
Co., which serves the city of Carbdndale and contiguous Fell Town¬
ship'With manufactured gas, and Wyoming County Gas Co., which
supplies manufactured gas to the borough of Factoryville in Wyoming
County. >
'<
'*
,
■'
The Winton Water Co.' is also a
subsidiary.
This company has
outstanding 1,975 shares of common stock (par $50), of which 1,000
shares
are
owned by
the company and 975 shares are owned by
Federal Water and Gas Corp. The Winton Water Co. owns three small
reservoirs leased to the company under contracts extending:; beyond
tbe -maturity date of the new bonds. - . ^
uv
The operations of the company are carried on in three principal
divisions, viz., the Spring Brook Division, which comprises the prop¬
erties of the former Spring Brook Water Supply Co., the ScrantonConsolidated Division,
which comprises the water properties of the
fbrmer Scranton; Gas
& Water Co., The Olyphant Water Co. and
Consolidated Water Supply Co., and the Scranton Gas Division, which
comprises the properties of the former, The Hyde Park Gas Co.
The company's facilities for the supply of water, consisting of 78
reservoirs
with a storage capacity of approximately 19,564,000,000
gallons, 1,273 miles of transmission and distribution mains, 4,002 fire
hydrants, together with structures, services, meters, service connec¬
tions,
equipment and miscellaneous appurtenances, extend over an
area 70
miles in length embracing the principal anthracite producing
consumption.
and
I
/
in Pennsylvania.
in Luzerne and Lackawanna counties
areas
■
Tbtal
$4,251,414 : $
1,122,274
repairs
,114,783
280,203
281,906
196,350
..i——
and
Maintenance
196,350
.
215,882
properties—
of gas properties—
Depreciation of com. util. plant-
Depreciation
taxes
General
l.'Fed.
56,350
104,621
7,300
112,906
183,191
135,822
20,293
18,107
13,605
99,557
profits)
(no excess
State income taxes
,
in
for
exchange
in
the
$2,236,323
14,428
$2,255,156
16,902
earned
the
of
$2,250,752
$2,272,059
Interest
1,707,347
1,777,804
$546,664
$469,398
—
10 a.m., on
other
and
Net income
deductions
—
Inc.
A. E. Masten &
Stuart & i Co.
——$4,975,000
Inc
roeder,
Co.
500,000
Ballou,
Adams
&
300,000
Nashville Securities Co.
150,000
Co.,
100,000
Inc.
■;
100,000
Mullaney, Ross & Co.—
Baker, Weeks & Harden
The Milwaukee
Minsch, Monell & Co
Co
1,250,000
E.
1,000,000
Alfred
!
875,000
Otis & Co
Co.__
400,000
Copeland &
Kendall, Inc.———
Paul & Co., Inc
Peters, Writer &
Stearns
Blair &
Co., Inc
Blair
William
Boettcher
Burr
&
H. M.
&
L.
&
Co.—-..
and
Co., Inc
600,000
Byllesby and Co.,
Inc. '
400,000
———
Coffin
Inc.
Clement
A.
The First Cleveland
•
Co. i
Lord
Ifa
Haupt & Co
Co
Hornblower & Weeks.
150,000
"i
v*
Mellon Securities Corp.
W.
C.
C.
:
K.
Cunningham
Drexel
&
F.
I*
;
35,000
150,000
E.
Boston Corp.
Green, Ellis & Anderson
150.000
Grubbs, Scott & Co
:
Hallgarten & Co
Stein
35,000
—
Inc.
,
.
Co.,:
President
•'■W
Bros. & Boyce
1/
225.000
Co.——,
Wood
655,000
Yarnall
&
Co._.
&
225,000
Co.
60,000
7 35,000
•
•
—_
85,000
Period End. Apr. 30-
1946—Month—1945
„_i$129,769,864
company
B,
said
Pnsident.
M~Connell.
suppliers
merchandise.
are
,
T946—3 Mos—1945
,
states
that
sales
are-increasing
a£le to deliver larger quantities of
,
.
' 7
;
>>>
$75,642,317 $353,431,909 $238,545,436
163,
p.
Brothers
>
Smith, Barney & Co.—
600,000
:
600,000
Stone & Webster Securi-
600,000
>; ties Corp.
,
•
hard-line
6
•
,
2448.
of
last
approved
a
new
and tires and auto
.'..I
acces'sories,—
v
and a
with the previous payment of 50 cents a share on
dividend of 50 cents a share on June 15 of last year.
issued.order
to
;
:
an
directors
share
June
:'
>•>
...
The
then,
the
holders of
more
than
90% of the.,
163, p. 1908.
11.
on
May/7
declared
a
25 cents
payable 1
This represents •'
quarterly dividend
of
163,
5
cents
p. 2448. /
of
outstanding shares of common' stock,
1946, to stockholders of record June
increase
share;—V.
on
the 400,000
per share
;V
over
1,. 1946.
the former/rate of
.
r'
20 cents;per
■
.
Lines—Increases QuarterlyX
Greyhound
terstate
v*.X'-L"• '-el'"-"-',';%".v
;
'
-
.
<
r
,
.
voted on May 3 to increase the par value of
share, subject to approval by the
Commission.—V. 163, p. 2336.
Southern Bell Telephone & Telegraph
Period End. Mar. 31—
revenues
Uncollectible
rev.
oper.
1946—Month—1945
the
ln~r
«
<♦'
f
$34,661,132^
1946—3 Mos.—1945
•
63,392'
'
Operating
revenues,.
expenses
'/Net- operating
163, p.
f
$12,823,305 $11,943,838
10,335,617
7,623,731
1,409.943
2,889,706
L.-
$37,285,815 $34,597,840
29,203,425 22,377.284
4,518,475
8,102,803
$1,430,401
income--$1,077,745
Net-income
-rV.
___
taxes
815,905
$3,563,915
1,070,298
2,774,190
,
$4,117,753;
,3,121,640'
2164."'
(Continued on page 2626)
A '
«.^->7^4 *T
r-'-
.
Co.—Earnings—;
$12,843,658 $11,965,416 $37,346,902
20,353
21,578
61,087
-X''
«
'IV'*'
,«/
«
_
stock from $5 to $10 a
Commerce
Operating
..
..n
X
•
each were made during 1945.
,si:
stockholders
common
Operating
Operating
(R. B.) Semler, Inc.—Increases Dividend—
per
*
'""
-
obtain stock certificates, it will be necessary
distributions of 35 cents
%
had
preferred stock have accepted the exchange offer.—V.
7%
Building Co., Los Angeles—Voting
addi-i," :-X; par Value Increased—
shares,
Since
total,
:/;-
$1 per; share *
and
a- dividend
of 5C cents per share on the common stock,, both >
payable Sept. 1 to holders of record Aug. 15., A distribution of 40 cents
per
share, declared on March 12, is payable June 1 to holders ofj
record May 15.
On March 1, last, another of 40 cents, was paid, while
on
Jan. 7,
1946 an extra of 10 cents was disbursed. -Four quarterly /
financing program for;#.;
parent company for the 17th consecutive term.
voted to increase the common stock by an
December.
,
,
.
»
1,273,141 shares-of common stock outstanding.
/
from the sale of the 750,000 shares will be used to,;V
purchase additional machinery and equipment, enlarge the export and
other departments and expand both the brass and iron foundry facil-,'
ities of the company. It is also proposed to retire all shares of the 7% ./
■The
..
15
proceeds
The
-
■
•
Dividend and Declares $1 - Extra—•
:
XriThe director^ have declared an extra dividend of
as
sharp
ing and heatjng supplies, hardware,
V,
Lehman
1,000,000
600,000
which have been exchanged for the new $2.50 cumu- '
lative preferred and also to retire such shares of the latter stock as
have
been
converted
into common
stock under the company's offer
boost in April volume is largely, a result of the
fncreased availability of such merchandise as farm equipment, plumb¬
the
600,000
May
$2,982,000;
par),
■
'
<•
"* "
v '
to endorse
then forward them to Title
St.', Los Angeles 13, Calif.
;
The directors of the Sixth & Broadway Building; Co. declaredvtt>:
dividend of 75 cents per share, payable June 1, 1946 to stockholders.-:
of record May 1, 1946»tThis compares wi th 50 cents paid qu Dec. 1,;
last, and 25 cents on June 1, 1945.]
;
V >
'.: Also; the directors of the Lincoln Building Co. declared a dividend
of 75 cents per share, payable June 1, 1946 to stockholders of record ;
May 1, 1946.
{Payments in 1945 were as follows: June 1, 35 cents,
and Dec,- 1, 50 cents.]—Vw 162, p. 3200,
,
?
v.
In
preferred stock
Sears, Roebuck & Co.—April Sales Up 71.6%—
Fowler
of the
750,000
company
>
1G3, p. 2448.
Sales
100,000
300,000
600,000
on
no
'
Sixth & Broadway
which will be offered first to stockholders and
unsubscribed portion offered to the public.
As of Dec. 31 last the
the
85,000
Co.,' Inc.—
E.
tional
shs.
participating certificates in blank and
Insurance & Trust Co., 433 South Spring
of
Kidder, Peabody & Co.
stockholders
The
450,000
Co._:
60,000
(497,000
stock
2300.
stockholders
treasi
the
expansion of the company's activities to meet the record demand for
builders' hardware for new housing construction. Floyd D. Cerf, Presi-^
dent of the investment banking firm cf Floyd D. Cerf Co., of Chicago,
was
added to the board of directors and Louis Segal was reelected
35,000
Sons
&
Wurts, Dulles & Co—„
.
-I-
it
/■V
Federsil
for
-
profits taxes (after deducting
163, p. 946.
were
'V
Hemphill, Noyes & Co.
Ripley & Co.,
p.
provision
$605,953;
payable,-
and excess
Trust Expires—to Pay" Larger Dividend—
The voting trustees on April 30 in a letter to holders of participating
certificates representing the capital stock of Sixth & Broadway Build¬
ing Co. and Lincokn. Building Co., deposited pursuant to a voting
trust agreement datea as of April 1, 1936,, said: The voting trust agreement, dated April 1;;1936, under which' the'f
capital stock of the above-named two corporations has been deposited ';
and held
in
trust by
the voting trustees, automatically terminated '
and
expired on April I, 1946.
As a result of such termination all
of the capital stock of the two companies will now be distributed ;
directly to the present record holders of participating certificates'.'
In the respective amounts for which such > participating certificates - vi
severally
Hornblower & Weeks
Rights—New Director—
450,000
&
have
100,000
—
163,
Kv The
Wisconsin
below
named
100,000
Corp./,
(
ac?f,s*
of $1,310,000), $1,003,559; other accrued Federal, State,
$23,990; accrued payrolls and other accrued liabilities,
Southeastern
225,000
•
Llarold
35,000
•
—V.
450,000
—
&
<<-»
—
incomt
compares
March
on
Securities Corp.__$!,700,000
Inc.
60,000
&
Sattley
Stroud
The
Harnman Rip»ey & Co.,
This
were
underwriters
& Sons..
31, 1946-
securities; $2,950,869f
Government
$252,044;
notes
tax
—V.
Segal Lock & Hardware Co.—Stockholders to Receive
Inc.—
Rollins
V.
Shields &
225,000
.
-
655,000
Moseley & Co..,—
H.
there
from the corporation the principal amounts
forth opposite their respective names:
purchase
Brown
Harriman
85,000
West
to
$395,792
198,800
$0.73"*''
v>
Increases Dividend—
655,000
Inc.
Hallowell, Sulzberger &
He
.
.$15 per share.
First Boston
The
655,000
Inc.
' 655,000
—V.
—:
dividends
1945,
Dillon, Read & Co. Inc.
60,000
V
$0.72
the directors have declared a dividend of 70 cents a share, payable
June 15 to stockholders of record at the close of business May 24.
underlying
1945,
31,
Clark, Dodge & Co
&
Leonard
Winslow,
H.
Alex.
*225,000
Reynolds & Co.—
-225,000
Co.
S.
655,000
Co—
The First
;
/,
Langley & Co.—
Perrin.
85.000
-
&•
Co
&
;
Co.
&
Lynch
Co., Inc. —
Dominick & Dominick_
Estabrook
C.
Moore,
si 60,000
„___
Collins & Co.—_
Julien
Co.
&
Kirkland
Lazard Freres & Co
150,000
Collings and Co.,
Inc.
8.
W
60,000
Sons—
&
Hutton
E.
198,800
$0.67
receivable, $1,973,092; due from U. S. Government on
$413,244;
capital
$17,012,683.
debentures, set
Union
85,000
Kidder, Peabody & Co.
Kirkpatrick-Pettis Co._
:60,000
of
agreed
225,000
Jenks,
Co.,
of
27a %
//,.
655,000
&
i'
Brown
300,000
—
Hayden, Miller & Co.—
35,000
Bradford <fe Co
Alex.
——
: 85,000
Inc
Boynton
Inc.
toCr,
31,
Dec.
warrants at
CUMULATIVE PREFERRED STOCK
&
Redpath ——-——.I
Biyth & Co.,
,
shares
UNDERWRITERS—-The
$675,000: -6.i Harris, Hall & Co.
225,000
(Inc.)
A- C. Aliyn & Co., Inc
Geo. G. Applegate—_
Parker
')
$361,094
198,800
and local taxes,
the convertible stock were in
share, or a* total of $7,955,944.
reserved for issuance 1,544,201
common
stock as follows:
1,272,951 shares for the con¬
convertible stock and 271,250 shares for exercise of purchase
Dec.
at
version
100,000
;
i.
$337,745
$0.94
:
April),
in
Dominion
ury
in the amount of $18.75 per
shares
100,000
Wag¬
&
___
Yantis & Co.,
,,F. S.
1
'
UNDERWRITERS FOR 4.10%
tAs
Cummins,
Neal
$470,896
100,000
LIABILITIES-rAccounts
stock at $15.
at
tAs
——
goner
>100,000
—
Auchinclcss,
Inc.
IWyatt,
400,000
Ingalis & Snyder——
Marx & Co
&
16,476
V
•:
estimated
>
arrears
Wheelock
1,213
income
items,
and
"
common
1,000,000
_
Co._—ii':
The Illinois
J. C.
($5 par)
($1 par)—
the
Outstanding
»
100,000
&"§■>
Wainwright
6,810
$17,012,683.
$6,900,000
$6,900,000
7
253,000 shs. / *241,000shs,
425,000'shs.
t424,317 shs.
3,625,000 shs.
$2,056,940 shs.
150,000
C.
300,000
Co.—______
&
Thomas and
W.
100,000
F.
stock, $1.50 cumul. div.
stock
Authorized-
1961
($25 par)
150,000
200,000
H.
prior stk., cumul.
H.
Hirsch
X
'
i
debentures due April 1,
♦Includes
1,435.900
7,612-
1,001,055
713,040
$109,894; inventories, $4,416,433; prepaid and-,,
notes and accounts receivable, not current,
post-war refunds of excess profits tax - (Canada), v
$223,583; investment in common stock of partly owned subsidiary,
equity ' In underlying v net assets as showrrr by subsidiary's books,
$80,418; real estate, tools and machinery, and equipment/ at ..cost
(after
depreciationreserves
of
$5,692,877),
$4,477,245; . total,
(paid
claim
"
Conv.
$1,939,304
2,775
9,245
share..
$21,400;
/-/-r1: -vWr
-
400.000
___
Heller, Bruce & Co.——
o
•
Co.
E.
&
-
..
y
Wachob-Bender Corp.—
: Thomas
100,000
_
Marache
—
&
/ If
^
div.
150,000
$1,364,924
248,500
net
com.
per
deferred
company.
type.
Common
100,000
$1,074,167
»
was
$5.50
100,000
Co
6i
$1,921,965
17,339
adjustments
counts and notes
allotment certificates for 88,895
units, each unit representing one share of prior stock, one share of
common stock, and a warrant to purchase at any time one share of
Stokes
Walter
13,832
CONSOLIDATED BALANCE SHEET AS OF MARCH
*
400,000
—j—
Granbery,
Earn,
1961.
Interest payable April 1
.W^^r!
27a %
1,000,000
Sterne, Agee & Leach,/.
Stix & Co
_
Gilman and
Charles H.
.
>
3UO.OOO
$1,351,092
18,349
358,270
exch, adjust.
contings. and
Dividends
that;
are
investment
an
$1,055,817
and
doned plant assets...
will
proceeds
flj.
200,000
Inc.
Pomeroy,
150,000
Corp.
as
•
Net loss on sale or aban¬
dated
April 1,
due
1946;
and
*''■
787,501
96
——^
Canadiair inc.
VCAPITALI2jyVXfGN; .GIVING KFFECT ; TO PRESENT FINANCING
"
Humphrey Co.——II
Schoellkopf, Hutton &
100,000
First of Michigan Corp.
/v.,
500,000
.
$839,624
■
848,703
charges—
Federal
year-end
be used to pay the corporation's
which bear interest at the rate of 2% per annum, mature
1947,
1,
of -this
100,000
Co
.!
;
Inc.
Co.,
100,000
The Robinson
;
&
Evans
&
Riter
300,000
300,000
Dempscy
100,000
„-—
35,355
$2,709,460
$2,199,795
.
Prov. for
Corporation is registered under :
the Investment Company Afct of 1940
as a diversified, management
investment
company
of the closed-end type, and is subject to the
regulatory and other provisions of such Act applicable to companies >
ness
Co.,
Reinholat & Gardner—
200,000
& Co._„___L_
R. S. Dickson & Co.—
*
formed in Delaware Dec. 15, 1928.
Its
certificate of incorporation,
as
amended, is not limited as to
time.
Since the date of 'its formation it has been engaged in busi¬
600,000
&
April l,
CORPORATION—Company
150,000
Inc.
$804,269
4,$54,"723.
"V.
'
income
for
Foreign
outstanding in the amount of $6,900,000, at
their
principal amount plus accrued interest.
The purpose of re¬
funding the bank loans with debentures bearing a higher rate of
Interest is to obtain the benefits of a distant maturity,
.100,000
Co.—
&
Putnam
L.
100,000
R. L. Day & Co
/ other
Debentures Offered—Men*
—
Oct.//l,.;:;I^
March
1,250,000 j
v
900,645
897,412
,
Profit from oper. and
made in pur issue
bank loans,
100,000
Co.—
&
Christensen,
F.
1,250,000
Burr,
&
Courts
Inc.—
Co.———-i'-;*
&
Putnam
200,000
Clayton Securities Corp.
O'Gara
$1,953,230
opera./.
Consol.
PURPOSE-i-Net
Patterson,
150,000
:L—
M.
and
400,000
Newton & Co
Co—
A. G. Becker & Co. Inc.
Bear,
Profit! from
Miscellaneous
before the Trial Examiner designated at
May 20, at the offices of the Securities and Exchange Com¬
was
/Dated
150,000
^>400,000
100,000
—_
4,521,200
exps._
held by such holders
of April 29 of the offering
by Union Securities Corp. of $6,900,000 2% % debentures,
due April 1, 1961, at 102.15%, plus accrued interest from ■
April 1, 1946. Further details follow:
:
Louis
—
133,987
4,127465
'
•
Other; income
ordered that the record be reopened and
Selected Industries, Inc.
tion
150,000
Co.—__
St.
Metropolitan
—
Arnhold and S. Bleich-
3,691,732
ASSETS—Cash,. $2,507,707;
SERIES
UNDERWRITERS FOR FIRST MORTGAGE BONDS, 27a %
Halsey,
1943
$7,264,190
f
^
and
gen.
administrative
,
"
1945
re-
re
Gross profit
reconvened
be
1944
$1,704,91.4
Govt,
selling,
•
Subs.)^-Earnings—"■*
'
negotiation
Total
■
•
$6,720,995
COSt of goods sold——
$2,247,203
1,725,395
hearing
■
$6,214,382
1946
U
to
payment
S.
the amended plan,
the
for
U.
of the company after con¬
to indicate that such
surplus has been earned subsequent to the consummation of
summation
■
oi C
$5,396,646
.3 Mos. End. Mar. 31—
Prov.
Prov.
on the balance sheet
amended plan will be
appearing
surplus
^
-
Total net sales
for all purposes.
become .void
'■
'
V'i
.
listing
Trading began at. the />
stock,
Simonds Saw & Steel Co. <&
.
within five years
to the articles of Incorporation of
Seattle shall become effective, shall not be entitled or permitted there¬
after to make such exchange, and the- shares of the existing $5 first-
$2,228,884
18,318
$543,405
Income
Gross
>-5-*r
'
%
approved the
recently
Exchange
Curb
320,75873 shares of $1 par' common
opening on May 3.—V. 163^ p. 646.
common
new
York
New
Corp.—Listing—
amendment
the
mission, Philadelphia,—V. 163,p,2014.,
'•
for
The
provided
entitled
of the first day of the
plan
amended
which
in
■;;
Sheller Manufacturing
:
proceeds after the initial two-year period as
exchange of scrip certificates) to which they are
the
under
of gold-filled
-//..v.-
cash
(or
The Commission has
Gther income
first model Is tentatively
stock to be issued under the
certificates
stock
their
surrender
shares
tubing and the point
special mechanism, >>
writing point. The
priced at $15.—V. 162, p. 2520.
0V'.is made
of
plan
i.
instrument resembling an all- -
capless writing
a
barrel
pencil. The
readily placed in writing position by means of a
An integral part of the
refill cartridge is a new
is
recapitalization will be allocated to the holders of
the presently
outstanding $5 first preefrred stock and second pre¬
ferred stock in the proportions of approximately 98.96%
and 1.04%,
respectively.
Scrip certificates will be issued for fractional interests
in the new common shares and will be exchangeable for full shares of
new common
stock within two years from the first day of the month
in which the amendment to the- articles of; incorporation of Seattle
shall become effective.
The amended plan* further provides that after
the expiration of such two-year period,
the shares of new common >
stock reserved for issuance in exchange for scrip certificates will be
sold by the company and for a period of three additional years the
holders of such scrip certificates will be entitled to receive their pro
rata share of the
proceeds of sale, at the end of which period the
scrip certificates are to become void for all purposes.
In addition,
the amended plan provides that the holders of the presently butstanding $5 first preferred stock and second preferred stock who do
not
is
Stratowriter
The
metal
^
all bf the new common
Accordingly,
amended
shipments to retailers
but
"
(3) It is also provided in the amended plan that the capital surplus
the company which will be created by the consummation of the
amended plan will not be applied by the company to the payment of dividends upon shares of its new capital stock and that earned
203,363
.
taxes
inc.
56,350
•
Sheaffer Pen Co.—Plans New Model—
.
»■
has furnished samples of its new "Stratowritef to its
will not be made until the fourth
quarter of this year, C. R. Sheaffer, President, announced on May 9. ,- ^ :
Mr. Sheaffei- objected to the use " of the terfn "pen" in referring to
the
new
product. The writing instrument employing the steel ball
principle is not a pen, pencil, or stylus, he asserted, but a special
type of writing instrument for which there are certain definite uses."
of
196,350
7,300
$6,350
7,300
:
•
2448.
(W. A.)
will be cancelled and no new common
,
Proceeds will be
15, 1971.
3^s, called for payment June 1,
The company
salesmen
„
The existing common stock
will be issued therefor,;
(c)
shall
Prov. for Retirements and Depreciation:/
Retirements of water
500,000 shares of new
preferred stock and second preferred stock then
$4,110,634
1,077,508
309,602
operating revenues———
Operation
1943
1944
1945
680;-
stock
1946; due April
15,
next.—V. 163, p.
<
common.stock to be authorized,'
262,812 shares will be distributed to the holders of the presently out¬
standing capital stock, of Seattle as follows: (a) SVa shares of new common stock for each share of $5 first pre¬
ferred stock and all accumulated and unpaid dividends thereon.
The
holders of the $5 first preferred stock will receiye a total of 259,078
shares of hew common stock having an aggregate par value of $5,181,560;
I;
:
(b) l/10th of a share of new common stock for each share of second
preferred stock and all accumulated and unpaid dividends thereon.
The holders of the second preferred stock will receive a total of 2,734
shares of new common stock having an aggregate par value of $54,-;
month
31'
DEC.
INCOME STATEMENT, YEARS ENDED
;
value of $10,000,000.
(2) Of the
Olyphant Water Co. and The Spring Brook
Gas & Water Co. had previously acquired
April
used to refund series K
stock (par $20), or an aggregate
shares of new common
500,000
par
as Dunmore Gas & Water Co. on April 5, 1867, and
its present name on Jan, 25, 1928.
On March 20, 1928,
the company acquired by merger all of the franchises and property
of Scranton Gas & Water Co., Consolidated Water Supply Co., The
to
company
incorporation, the authorized
its articles of
amendment to
capital stock of Seattle, of which there are presently outstanding 47,105 shares of $5 first preferred
stock, 27,338 shares of second pre¬
ferred stock and 23,739 shares of common stock will be reclassified
Fennsylvania
changed
follows:
as
By
(1)
be sum-,
The amended plan may
In various respects.
1945
7,
marized
originally incorporated in
BUSINESS—Company was
COMPANY AND
April
the indentures
or in part at.
the terms and provisions of
bonds,
tSubject to repayment in whole
time, except through use of borrowed funds.
subject to
'■Unlimited,
securing
with
l.ooo.ooo ■>:>•
'100,000 shs.
000,000 shs.
-
Co.—Bonds Placed Pri-
Shawinigan Water & Power
vately—Dominion Securities Corp.; Harriman Ripley
'
Co., Inc.; White, Weld & Co., and Kidder, Peabody &
Co. announced April 30 that they have placed privately
with certain institutions $25,000,000 first mortgage and ^
collateral trust sinking fund bonds, series M, 3%. iDated
April 16, 1946 company filed an amended plan of recapitalization
the SEC which amended plan modifies the original plan filed
On
$23,500,000
of Recapitalization^ ^
Seattle Gas Co.^Amended Plan
t
..'••J','.
■
Monday, May 13, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
;\
i
2588
,
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4489
,
•
.
•
1
v
.*
'
'
•'
'
-
■
' '
•
-v
'
•
;
•
•
••
.•
Stock and Bond Sales
DAILY
IIOTIOI—Cash and deferred doUvory aaloa are
;
H
•
'
M
•
"
,
furnish
we
*
.*;»
1
•
WEEKLY
s-
•
•
•
.
,
.
Troasary 7vV'-' ■'
4%s, 1947-52
May 8
May 7
May 6
2%s,
3 %S,
1
[Close
7:7
103.19
103.15
103.11
103.9
103.19
103.15
103.11
103.9
—.—.J
2%s, 1951-53—
•V
49
103.4
16
Low
[Close
Total sales In $1,000 units
(High
Low
[High;:
Low
Close
-xotai
sales
in
gi.ooo units
(High
Low
(High
Low
v
Close
Close
Total sales in f 1,000 units—..—
—.
[High
2%s
-j Low
[Close
Tetal sales in $1,000 units—
a%s, 1948-51
Low
2
Close
8% s, 1955-60
103.9
[High
,
1949-52————1 Low
[Close
Total sales In $1,000 units
103.13
Total sales in $1,000 units
f High
Total sales in $1,000 units
103.18
[Close
~
Total sales in $1,00C units
•
107.8
103.19
|
2%S, Dec., 1967-1972
;
May 10
107.8
f High
*
Total sales in $1,000 units
i-
•7
May 9
107.8
^ Low
[Close
Total sales In $1,000 units
v:
\ Low
-
1967-72
"■
May 8
7''','^[ High
<'■
■
Sept.,
*
I f High
3%S, 1946-49
point.
a
'
units
^..777..: ,^
-
for the year^
range
the New York Stock Exchange
Treasury
[Close
Total aales In $1,000
in computing the
Daily Record of tJ. 8. Bond Prices
May 1ft
May 9
\ LOW
^7.7
...
YEARLY
-
on
[Hxgh
y
*
.
daily record of the transactions in Treasury bonds on the New York Stock Exchange during thd current week.
a
May 4
Daily Record ef U* 8* Bond Prlooe
1.
dtsrogardod in the day's range, unites they are the only transactions of the day. No account is taken of such sales
Figures after decimal point represent one or more 32d of
'■
•
.
New York Stock Exchange
«»
United States Government Securities
Below
if
'
•
;
-|
Total sales in $1,000 units—
[High
105.1
{ Low
1956-59—
105.1
[Close
Total sales la $1,000 units—.—.
[High
2%s, June, 1959-62
( Low
[Close
Total sales in $l,000munits——■
105.1
5
102.6
102.6
102.6
12
[High
$%s. 1951-54
2%s, Dec.,
—j
~
1959-1962——.—f
Low
[Close
Total sales in $1,000 units.
Total sales in $1,000 units—
....
[High
2s,
1
l%«, 1950-59
?
1
—
-—{Low
?
[Close
,
Total sales in $1,000 units
';7 -7
:'77 He-I Hlgn
2s, March 1948-50
————][ Low
Total sales In $1,000 unlts~^..
2%s, 1958-63—
1947
I Close
j
Total sales In $1,000 units
Total sales In $1,000 units—
rHigi«
.
2%S, 1960-65-
IS. Dee.
1
.
1948-50———f Low
[Close
Total sales In $1,0Q0 units——
7;
7 v'777
7-7 f Jtiigu'
3s, June, 1949-1951——J
J Low
'
i
[Close
Total sales In $1,000 units
Total sales In $1,000 units—
■
i
1948
8%a,
-
.
I
Total sales In $1,000 units—
(High
2s, Sept., 1949-1951
4 Low
2%S, 1949-53——
[Close
^
Total sales In $1,000 units
Total sales In $1,000 units—
[High
{ Low
[Close
,
2s, Dec., 1949-1951
Total sales In $1,000 units—
High
Bs, March,
1950-1952-„«.
Low
Close
Total sales In
IS, Sept.,
2%S, 1956-58——————/ Low
$1,000 units.
1950-1952
unlts^£-I3
Totalsales In $1,000
[Close
Total sales In $1,000 units
f High
o
2S,
■.
1951-1953—.J———J
Low
[Close
[High
Total sales In $1,000 units
$%», 1962-67—Low
-
[Close
(High
Total sales In $1,000 units———.
Low
Close
[High
2%% 1963-1968
•rotai
sales
in
fi.ooo units.
-rotai
saies
in
$i,uoo units
xotai
saxes
in
ai.uou units
———/ Low
[Close
Total sales In $1,000 units—
2%s, June, 1964-1969
,
(High
Low
Close
f High
/ Low
[Close
(High
Low
Total sales in $1,000 units
Close
/High
1%S, Dec., 1964-1969
.iv'• U:-7 7.;
>w
7
■
{ Low
/High
.
Is
-V[Close
1953-55-™.—.———f Low
Total sales In $1,000 units-——
•
104.16 7
104.22
Low
'
104.22
Close
104.22
(High
7Va
Total sales In $1,000 units——
104.17
104.16
104.17
104.16
104.17
1
'
.
1%S 1948
■"
[High
—
—
:
104.17
7-ij
High
Total sales in
103.15
Low
103.10
103.8
103.10
xocai
saxes
in
ei,uoo units
103.8
; Low
(High
Close
...
Closs
June 1967-72——™—.
Low
[Close
104.17
—
Total sales In $1,000 units————
I % s,
J
Total sales In $1,000 units—
104,17'
'-'3,v
■:Xy.
{ Low
[Close
/High
,
:
rW-v>."
1
•
2%s, 1966-71—
[Close
.
Total sales In $1,000 units
103.8
$1,000 units.
63 7
:
;' 77 7:
•Odd
lot
sale.
fRegistered bond transaction,
87 '7:
NEW YORK STOCK RECORD
LOW
Monday
Saturday;
May 6:
May 4
153
73%
153
72
71%
112
112
112
*148% 153
'
& 14%
14%
15 7t
42%
21%
42%
42%
21%
20%
21%
*56
57
56
56
•33%
34%
34
15% 715%
15
54
53
*131
V
?.
38
6%
59
52%
*158
161
15
15
6%
6%
58%
*70 '/a
46
46%
45%
*109
22%
26%
15%
78
•
42%
?;
56%
35%
35%
22 Vs
15%
78
,79%
*111% 112
162
U
43%
21%
*54%
42%
22
15%
54
52%
•130
54%
133
53%
♦130 '
8%
8%
8%
8%
39%
40%
40%
6%
'
59
May 10
$ per share
79%
Shares
82
3,900
*111% 112
10
166
162
15%
15%
166
15%
44
40
45%
43%
21%
21%
'21%
22"%
55
55
*52
36%
36%
37
36%
37
15%
15
15%
15%
15%
6%
59
54%
132%
8%
42
52%
*130
8%
42%
6%
6%
6%
6%
59%
60%
59
71%
71%
70%
71%
46%
46
47%
47%
48%
48%
22
22
201
*108
*22
201
7
111
23
204%
*108
111
♦108
*22
22%
22
203
206%
200
7
6%
49%
111
22%
204
7
1
;
i
7
60
i
Acme Steel Co
5,200
Adams Express
Adams-Millis Corp
300
i.
21,000
410
6,200
Admiral Corp.
Air Reduction Inc
Alabama & Vlcksburg Ry
Alaska Juneau Gold Min
5,100
Aldens
.
.'ft; 7
31,300
5,000
60%
71%
53%
'
111
205
>
9.600
7
23
23
201 %
800
7
—
For
footnote
see
25%
page
2600.
,,25%
25%
*25%
25%
25%
25%
25%
,
25%
-■
;
900
Jan
I per share
82
Jan 24
166
2
14% May
$ per share
May 10
19 7 Feb
6
30% Feb 26
Year 1945
Lowest 7
Highest
9 per share
May 10
116
111% Apr
60
1
Jan
9% Jan
115
Jun
114
Dec
17 Ya
Dec
35
Deo
..10
1
45% May 10
24% Feb 18
25%
13 y8 Mar
21% Dec
44% Jan
57
29
32%
Jan
47%
41% Jan 28
22%
Apr
34% Nov
20% Feb
1
17
Dec
21% Dec
59% Apr
8
38%
Jan
56
Dec
Mar 30
98 V\
Jan
122
Dec
4
31% Apr 24
15
-
r
Apr 25
_No par
50
Feb
loo
122
25
Jan
9
io
8% Jan
3
5
Allegheny Corp
5%% pf A with $30
31% Feb
26
l -
135
Jan
12% Feb
6% Jan
6
45% May 10
Apr
7
15%
Jan
Dec
9% Nov
27
Dec
5% Jan
3
8% Jan 28
2%
Jan
6%
Deo
100
52% Jan
3
89% Jan 28
34%
Jan
$0%
Jun
$2.50 prior conv preferred-No par
68% Jan
7
82
56
Jan
74
No par
38
3
22%
Jan
42% Deo
1QQ
105
91
Jan
war
Alghny Lud Stl Corp
;
Alleg & West Ry 6% gtd
Allen Industries Inc
4,200
-
Par
Inc
Allied
1,700
Allied Kid Co
Chemical
'
25
112
7
7
19% Feb 26
l
Address-Mutlgr Corp
6%
49%
10
No
4,400
45% -7:
♦108
2.50
2,000
8%
71%
—No par
:#■ ;
,
54%
7
61% Apr 12
111% Feb 19
Abraham & Straus
ACF-Brill Motors Co
-
132
8%
43%
6%
59%
71
72
110%
*130
43%
60%
7
53%
53%
132%
8%
$ per share
—No per
.-Tr,^r„.
1QQ
new
2,500
56%
Range for Previous
Range Since January 1
Lowest
Highest
Par
Abbott Laboratories
;
4% preferred!
5.100
16%
43%
7
71
199
201%
*25%
41%
21
38%
59 y«
201%
7:
15%
56%
131
fj 38
112
158
14%
*54%
35%
8%
71%
*22
*153
72
7^>^^v^y::'V^-7-STOCKS^ V'^77>7-77%,<^7:7y
Sales for
NEW YORK STOCK
the Week
EXCHANGE
Friday
7,.
$ per share
# per share
•111% 112
15%
71%
*109
Thursday
May 9 -
!
8%
39
Wednesday
- May 8•
v
7
share
34%
7
131
135vv7
■8%
per
PRICES
72
72%
*111% 112
14%
42%
$
SALE
HIGH
Tuesday
May 7
7
S ver share
$ ver share
71%
♦111%
AND
&
1
Dye
No
oar
21
Jan
J&n 25
Mar
5
185% Jan
2
22% Jan
7
Jan
28
53% May 10
110% Apr 24
25
Jan
30
210
Jan 17
29% Jan 28
13%
Jan
153 V* Mar
15%
Jan
108
Deo
Deo
25% Deo
194
24%
Deo
Deo
Monday, May 13
CHRONICLE
& FINANCIAL
THE COMMERCIAL
NEW YORK STOCK RECORD
Range for Previous
Saturday
Monday-
.
tpershar*
$ per share
33 Va
33
-
58%
104%
; 51
'
10%
7 63'
17%,'
;18
45%
23% r.
22%
62
61 '
18%
40 %
86
86 ;
61
94
yy/
94
%
91%
:
202% -
66%:
124
*131%
•156%
158
31
30%
'
->74
78
78
*74
•26%
•104%
27% "
•26%
27 y2
105%~
104%
104 3/a
*105
106
105
106
64
64
•74"
•65
i
9"
-
mi;
21
114%
114%
49%
49%
♦120
59
•120
51
21
36%
*
-
36%52%—"
*37
-
51
;
17%-:
17%
123%
123%"
113
17%'
113
-
•
185
■
104
49
68 %"
67%
*45 Va
J
-
-66%
68
187%
186%
45%
43y4:"
42%
3632
49%
.36
35%
35%
>
m
33% '
50
32
31 Va
50%
*32
•
50%
63
63%
15 5
*152
156
*152
50%
:
V*
".•
v
,
-
£
154
62%
62%
V
May
May 6
.
9 per
share
*97
'
70%
51%
154
"25 Ya
70%
I18y2
24%
-
,
51%
;
;/
106
108
'
"55
/
*
46%-,
45%
'46
49
"49
>86
45%
•
50%3
.
56 ya
5b %
•ill
-■in-: 54%
112%
*18
12%
ri'
30%
30j/4
14%
14%
9%
9%
9
30%
,
14%
130 %
130%
131 Va
150% 150%
151%
152^ V
155
155
•31
31%
*23%
♦105
26
30% /3i V
26%-*25%
142%
54
*52 y4
a
106%
104%/
104
*117%
120
*7oya
•118
rj
120-
t
*90
*124
*108% 108%
108%
108
105
80 y2
126%
y
124
108%
3iya
82
80
80 Va
80y2
32
*30
19%
122%
32
10%.
*62%
:
.*30
20%'
126 y4
32
10%
64
-
H
,""125
.
V
/32%
81V2'
1281/2
io%
:v
33%
■; 54
*107.3
3
71%
*92'%'
47%
46%
108%
108%
33
1,200
890
2,500
-
V' V
81%/82 >"V;
1271/2 127%'V'/
''31% W
21% >.•:>
V
12-31/a
119
7i3;
49%
-21%
*V
*•
'•
28%
72 Va
'
■
».;4v4,7ob5,100
149
280:
y
143
/•
>110
,
52%
"20
;
118
71%
V 47%'
*92V4
46%
>
*123%
109%
108 Va
V
107%
118
47%
72%
94
v
'
4,200'
'v
-
200.
10,400
47%
125
V
150:.
,
220
-
109%
82
19,600.
33%
82
21%
*126 ya
31
1
32
'
22
'
;
21%
140
142
31%
32%'
10%
11
11 Va
64
65
66 Va-
34
1,500
r
200
127 Va
32'4
33% ' 34%
" 35
>
Dec
19%
Nov
27
43 y4
Jun
2% Jan
8%
Nov
Jan
*117%
Nov
40
Nov
29'
>
20%
15% Feb
Jan
Mar
109%
Dec
38% Jan
56 V4
Dec
/8 ;; •■• Jaiiv
10% Dec
91
>
14% Dec
Jan
70
Jan
103
Nov
9
Jan
15
Dec
4
18
14% Oct
7% Jan
Apr 22
44% Jan 15
48%
26
Jan
3
108
Jan
21
Mar
45% Mar 21
Apr 29
41% Feb
6
152 ; A0r;3a
60
Apr 10
23
20% Jan
128
24%
;;
23
Feb 16
Nov
41;
Nov
19%
Dec
39%
V
•
Nov
I4gft Mpy
13*%
2% Jan
Nov
104%
Jan
54%
Jan
11%
>
123
Jan ;;
80%
22
118% Apr. 22
41% Dec
f
Jan
uuva
24
Apr
11% Mar
s
Oct
54
Apr
52
118% Jan
Dec
109
68% Jan
6%
Dec
58
Mar
47
May 10
13% Apr
Jan
96
18% Mar 30
Jan
Dec
95%
Dec
19%
w
Dec
184
>Jan
176
15%
Jan
Apr
3
63% May 10
75
Jan
99
Oct
18%
Jan
38
Dec
33% Feb
17%
Jan
31% NOV
32
Aug
44% Nov
105
5
;
Mar
Feb 14
36% Feb
6
186
52
6
5
Apr
73% Jan 29191
Apr 20
50% Feb
88% Dec
Apr
Dec
50%
Nov
164
Feb
153
Dec
181
Jan
27% Jan
Aug,
43%
Dec
17%
Jan
29
Dec
22%
Jan
31
Dec
41
Aug
60
128%
Jan
151
29%
Jan
16
Feb
36
164%
41%
Apr 25
50 Vi Feb
4.
43
May 10
30%
,
40%Jan
6
172
6
158
Apr 10
67% Apr 18
58 % Feb
Dec
Dec
53%
Nov
22
23%
22%'
23%
22V4
23J/a
22%
24%
36
36 Va
35%
36
36
37%
4,600.
Jan
65
y:
196%
Jan
145%
161%
15
997/aJaity
Dec
8% Jan
9
Dec
69 ya
116% Sep
27% Jan
110% Feb
Dec
24%
-
120'/a Jan. 16
9.% Jan
>3;
3"
3 '
Jan
9-
1
51 y8 Feb
58
Apr 22
xll4Va Mar 21
38%
3
8
4y8
16% May 10
Feb
7
>
/ May 10
64% Apr 22
112% Feb
;-:V-:.V>'V'VV
/
/Mar:";;-
42 y4 July.;
127%
Nov
141
Nov
% 59% Nav
108-
Nov
11% Jan
x29%
Dec
:
19%
Dec
9
10
Jan
18
Jan
>48
Dec
113
Jan
140;
Nov
111
Jan
139%- Nov
45
Mar
Apr
143% May
55 Va Apr
%
3
Feb 13
108
110% Jan
12
16
49% May 9
.
/ 93
76%
101
71%
May
,
May " 2
Jan
Jan
.48 y« Jan
33% Feb
8
47% May 10.
124
52%
Sep
113'/a
120
Apr
Nov
D^c
83 V*
r
Dec
45 ~
_
Nov
83% Nov
42%
30% July
110
Dec
108% Mar
105 Va Dec
11
120y4,Jan
/ 81
Jan
JOQ
—1
t_10Q
Jan
72 Va May 10
152%'Apr 20
30
Feb 28
Jan 2
NOV
.30% Oct
v 15>
Dec
Sep.
106% Nov
13
347/a May 10
V
111
/ '
9%
Jan
102% Mar
136
160
6%
Nov
23 Vz Nov
"
23y2
Dec
Dec
49%
.12% Aug
5
Dec
45
,113
243/a Feb
10% Feb
Mar - 6
Jan 2
57%
Jan
60% Apr
2
49 J Nov
38% July
•
Dec
Jun
July
35% May 10
Dec
11%
Jan
24%
109
Dec
83
/
Jan;
29% Jan
6
14
Dec
Nov
140
5% Mar ■;'
60%
May '8
60% Jan
26%
31%
100 Va Mar
15% Jan 29
90
132
Jan 4
51% Feb 26
107% Jan
May
159.
121% Mar
112
Jan
9
60 Va Apr 29
Dec
fii y* Oct
Jan
13% Mar
Nov
90
65 y* Jan
Mar 14
Feb 27
120
:
Dec
Nov
109% Mar 18
-v'
Corp——
No par t
25% Jarj
Austin Nichols
—
-No par ^ 14% Mar
$5 prior A_———
Nq par
108
Feb
Autocar Co.
/—
.5c ■
26 V2 Jan
Av»«tior. Cnrp,
'The»
.
, '/
9% Jan
$2.25 conv preferred-—*—No par
59y4 Jail
Atlas Tack Corp.i-*
*
13
Baltimore & Ohio
—100
4% preferred——^——-T100
Baldwin
Locomotive Worka—
-
/
•
1
12.
13
/
13.
3
/
30./ Max 22
21r/a Apr 25
34 Va May 6
May 10
6
,
-
60
Jan
18%
lOMs
37% Jan 29
14% Feb 16
83
% Feb ' 2 '
38% Jan 30
30 V4 Jan 16
47% Jan 28.
..
77
Jan
Jan
Jan
'14% Jan
Dec
94 V2
Jan
113
May 10
*142
3
3
22
27%
14% Jan
34% Apr 17
97%; Jan 18
133% Jan 15
32
Feb 15
/
.
25,500
36%
157
Janyl4
29
V./7-1
V'v V; • :"'v. Vs.»v.' .
—3 .V/ 24% Feb 26
Atlas Powder-————'--No par
78% Mat 8:vzCum conv pfd-—'
-—--100
120
Feb 15 '>
Atlas
29,100
34%
6
3
Highest
$per share
.
T
22 Va.
~
76% Apr
Jan 3
Feb 27
Jan 3;
Feb, 26
preferred———100" V AlSVa Feb 21 ;
Line RR_W
Feb
1
>
$ per share
99% May 3
173 »/4 Apr 10
i22V4 Jan 10
-----—,-No par
-
98% May
1945
x ear
Lowest
S per share
195
112
Feb 28
43J/4 Jan . 7
18
Mar 4.
7% Jan 8
26% Mar 22'
12 Va Jan 3
-No-par
—21%
—-20
5
'
1,500
35 V4
'
65VaMarl5
Atl G & W I S8 Lines—
i, 27. Jan 3 "
5% non-cum preferred
.
8.4 Va Jan 28.
Atlantic' Refining
„-25
33% Feb 26
;;
4% conv pref series A
—-^100 ;l llS'/a Jan 14
3.60% preferred, series. B_:—^lOO
; 107% Ap^ 16;
y 1,400
40,40a
21%
$3,75 preferred
5%
3,540
341%
2600.
"
$6 conv prior preferred—iNo par
7%
preferred ^.-.—100 w,
Armstrong Cork Co
No par
•
Atlantic Coast
25,400
21%
page
9%
10% Jan
Apr 24
118
Dec
67
Jan
Feb 26;,
Mar 21„
I Arnold Constpble Cprp
-—8
23Va
Artloora Corp,-^— „^^^JN.9 par
18
Associated Dry Goods
1
44
4V 6 % Ast preferred—4*
—100 5'. 131 Va
>-■ 7% 2d preferred---————100
133
Assoc Investment Co..—,,
No par * 48
5% preferred
;100 V105
f Atcb Topel a & Santa Fe—
100
96
200
,
35 Va
see
Copper
P W Paper
v'v-v
81 Vi
/
8,300
3,000
48%';";
33%
126 Va
•
700
5
33%
135'/4
•63
1,000
34%
%.
27
106%
77
ri
;
.*107 3 108 Va
3:
A
:
21%
footnote
Jun
3%
May 10
130
43 Va Jan -4 43V2 Mar 440
Feb 28.
^
V
143":
94
31
-*30
-'-/LviVa
64%
34;
82
133
11
331/2
32%
112
>52
108 %.
,
61%
35%
For
Dec
43% Mar
79
Mining
Co Jnc
Archer-DanJels-Midland —
No par
Armour & Co of Illinois—.
5
Andes
100,
,-vt
3149
&
3123% 123%
124
31%
71 V
3 47%:
3:-:
"3
93"
641/2
32%
:
143'.:/;
•141
3 *52
3106%- 107%
46%
123%
■„.
-
600
88,600»
160,
'■
preferred
Anderson; Clayton & Co
$4
V 1,600'
; 5,000
;
71%
.
148
,X146
-
-
717/a
3118%.
93
*107%
y
16 Va
32%
27 y4
119
.45
'V
,-
No par
Anchor Hock Glass Corp_—.12.50
100
133
*103
.
31%
<:■
x70%
108%
70%.
42
%;
1,360
—50
i Anaconda Copper Mining-Anaconda Wire ^ Cable...
2,800
'95%
61%
-
109 Ve ;
27 '
138
;3;'
60%
107%
10%
62%
32'/a
31
3
128Vi ,134
32
32%
311/a
32%
146%
,20%
126%
62JA
27%
109%
Apr
9
,
400
I
,,8%.
15%
irfi'
6*
*30
20%'
10 ya
,
12,8
..
31
31%
}
32%
32%
19V2
130
3
.
:v.
108%
31%
*127y2
92 V4
124
31 y8
126%
7
47
108%
Jan :
30% Jan
127/a Jan 28
63
Jan 28
158% Jan 2.
22% Mar 13
1st preferred—
Amer ZIdc Lead & Smelt———1
85 prior conv preferred
—25
V
16,800
19%
132%
158
.
107%
143% 143%
106%
i-
15%
60
9,700
s
i
56%
8%
33%
132
",157
71%
3118%
42%,
45%:
31%;
■31%
.
42%
92%
V
:
2?% -
*107
107%
119%:
*1,18%
46%
125
Dec
18 Va
44 Va Apr 15
117% May 10:
85%, Jan /0
80% Feb 26-
-
-
19%
32%
'18,800
57%
'
v
132
30%
♦52
54
* 52
93
42 Va,
45%
46%,
125
:
:;
y
71%
*42
93
14 V4 Jan
185% Feb 28"80% Feb 26 -
No par i 104
American -Woolen———No par
29% Jan
v;
Preferred
———^-wn100 V ■ 128; Jan
$6
100
I 2,800
/
51
*55
'
15%
:
109%
146%
143V4
7oy2,
,
69
Range Since January 1
Highest
.
.
68
146%
,70"
70
*90
*41 y4
V
42%
*124
105
..
144 Vz
108
106%
,103%
3
71
46
54 V;
*52
15 Va
26 V
68%
67 *0
142 y2
142%
108 ;V.;
*106%
*
'
146'/?
Dec
105%
2
62% May
"Lowest .
Sper share
•v-i
*111% 113*
J"''
-
20
32
31%
30%
■
56,
■
-
8%
60% ; 6i
-26%
>26%
*19
9 Va
,
.
■>
69%
68
146%
*141 Va
148
9%
*106
30%
49%
113"
•54%
20%
3:155-:, 157
V
109%
*30%
56
*131 % 132
61%
61%
*105
109%
*
69%
69%
*146
>141%
:"
61%
61%
61%
y 109%
Oct
29 Va Nov
Range fer Previous
":;VVV STOCKS
:
"■•"••"
NEW >urii STOCK *.v •
EXCHANGE
'
:
J'/V
i 4,100 •^ American Viscose ^rp^-ii-#^j-l4
61%
10O ; ** " 5 % preferred—113
Am Water Wks & Elec
No par •
22
15,100
;
47%
.57..
56%
*111%
113: V
530
,J
46%
'
15 Va
15%
130 %
■
;
31 Va
30%
3oy4
14%
61%
Dec
Jan
69
73"%' Apr 12
•11V4 Feb 15
22% Apr 17
Jan 8
47% Jan .8
~
3,300
55 Va
53%
50
57
•111%
.19%
130%
*105
r
18 Va
14%
*129
i
*
48 Va
3 56%
'
91%
50
*55%
% *19
55*
*
30
;
Dec
149
May 10
106
147.
"
,3/151% 155%
12%
13%
*88,
91%
•
12%
46%
49%
f
/
106%
*106 Va
152
45%
,
46 Va •46%
"56l/a
..
54% ;
-
12%
*87 Va
90
90
<
112*%
'3 54%
8%
9,
9
■112%
'54%
"19 V2
* 18
-
Nov
42
156%
13%
83% Apr 20
32% Jan 28
109
Feb 16
0OV2 Mar 4
177 Feb 14
44'/♦ Apr; 9
160- Jan' 8'
39% Mar 13
27% Jan 2
28V4 Jan 2
.49% Mar 13
Telep^ & Teleg'Cb—-^—-100
^American Tobacco-^----—-25
Common class B
I
_'
25
~6% preferred 1—
^>100
Amer Type Foundries Inc.—--10
3,iUU
w
f^
12%
>
:
108
152
3
155
^72%
"
116%. 120 :,
24%/ 24%
•106y8
■)
55%
54%
'.57*
V-55.V
112%
*53%
Dec
127
112% Mar
34% Apr 22
39 Va Mar 4
>Amer
800
,
"
72
*
r
50"
>49
56%
*111
"
54%;
20
3
T
V
55
1
25
27. Feb 26
Par
9,100
99 V4
167
168%
26%
125%
"72%> 74"
*117. ; 121
24%
25%
"
-
Shares
97 "/4,
25%
25%
"
:
■46 %
45%
'
25 y8
154%
•
V:
the Week
193
193%
"98%
97%
05Vav
97,%
168% 169
-
108 i
*106'
r
12%
90"
12%
:*12%
86% '86V4
12
X97
120 "
"24%
25%
5; *106
1087
54%
56%
•154 :: 155%
24%
'72%
"72"
>117*
120 '
"
'"•
"
*49
192%
XS5%
.
,
153
150
"
"25.
88
•86V4
,!?■ *117
**
12 %
12%
,
V*71%'"72 V
"71%
118 %
98"
;
193%
:'l
98% ;;
98 %
168% 169% ;
'25%
26%'-.;
,
,
"
"
52
152%
168% 169 ,r
25
26'
',
-
•
99*
'97%
V
"98
25
25%
107%
S per shore*
V
share
*97"
97"
"96
169 %
169 Vt
r;
V
70 Va
*106
t per
3 May 9
,
193% 193%
492% 194"
96
96'/a
'
'
"
118%
"2r
May 8
Sales for
Friday 3
May 10
6 per share
Thursday "
~
25%
25%
•
*
193%
-
*
169 '/a
♦117%
:
192%
96
99Va
*98
169%
| per share
*
193%"
99 "
,
'May-7t per share
::/•
-
193 y4
67%
Jan
'
HIGH SALE PRICES
Wednesday
Tuesday
Monday
-
Dec
39
12
'
LOW AND
Saturday
Oct
199
Feb
Mar 7
35% Jan
preferred—-—100
Dec
112 y,
Jan
'
■
/":,_y~
non-cum
17
Feb V
89%
183%
Jan
95 V4 Feb 2.6
Amer 8teel Foundries^—No par
American Stores
—
No par
>1,000'v American Stove Co--—No par
/ 2,800
-American Sugar Beflning—100
100
Preferred-——---100
;
500 : "Am Sumatra Tobacoo—No. par
Jan
Jan
27% Jan .3.
,
>
Oct
135
Jan
10% Jan 3
97y4 Jan 2
88%Jan 9
17% Jan 3
6,400
;
53%
52%
6%
—
32
154
——25
1
15
27
49% Feb 20
34% Mar 13
No- par
—---100
Dec
55 Va
10% Aug
Feb
Jan
98
Mar 12
180
Jun
23%
«
Oct-.
110
12% Feb 26
No par
American Snuff-
•
43
32
Ref^.
128
128
99V2Jan 21
^18.50
—No. par
Razor
American Safety
18
-
.119 - Jan 7
32 y4 Mar 15
105 Apr 3
>6,800
45%
39%
51
62%
63%
44%
155
62%
*154
4
3
;
80
Jan
Mar
10
164- Jan: 24
44 % Apr 3
>,
1,000
170%
*168
33
■
50%
.
153
*62-
63%
*62
51-
-50%
*154
45%
39
36
*32
-
32%
31%
Jan
preferted^:——i-100
vAmer Smelting ti
Preferred
-
>V/
(■':/
„*
36%
43%
'
t.>;•-■„•
ci'V.
44%
*36
*168
170%
44
'6,100
4 250
188
45%
187 Va
46%
170%
44%
45%
*168
,
155
*152
.,
62 Ve
62%
"
46
50%
43
36
46
44%
"
-
42%
7
:
51-
.
3.07%/' 68%
187% 188
189
45%
170%
:/
>
42%
32
45%
170%
*168%
35%
45
•
188
68
68
68%
67-
-
?
-4 % % conv preferred-——, 100
41% Dec
;
15% Aug
132% Mar 20
34% Feb 25
17 2Fcb 25
33% Mar 4
II,500
-American-Seating Cn.%
l >270 4 -Amer Ship Building C.Q,
30 y4
♦49
■-
5,800
63 ya
29%
'
49
49
•49%
49-
187
*168
171'
*29%
29%
29%
y49"
-49
950
I
69 V2
14
25
4 V
-6% Jan
American: Rolling Mill——,--10/
23,500
:
34%
-31%
402%. 103 %
59 %
59%
30
58%
60
58-
186
*184
'■
32
-.
102% : 102% \
;
20%
20
8%
Jan
"
37
American NeV;s Co newL__.._No par
Amer Power & Light—
No par
4,000
$6 preferred——.JVo pat
H.300 / V $5 preferred^^J-iSL-.wiNo; par
34,000
Am Bad & Stand San'y—_.No par
r
10
Preferred ——v.
—-100
18%
ty.j.-.s.
67%
186%
"• y
46
:
*168
v,'k
ne
•:
'♦30
*
*48
48
31%
•
:
-
186
♦184
32%;
102% 103 3/a
31%
5930 >4
•56%
30%
,I30Va
-
186%
186%
57
f
49
184'/2
104
.55%
/>56.%";v
31/ ?'z
56
y 31
184%
20ya
"
4 130
2,100
26,100
54
126% 128V
414%, 114%
-
114%;
19%
20%
-19%
>103%; 104
.103%
-
113
54
'•
-
Dec
20%
;
.
Jan
11
Dec
43
Jan
>
•
Amer Mach & Metais
Amer MCTals Co Ltd—
3,800
May
150
18
-I
Dec
161
Jan
5
8
71% Apr
115 V* Jan 15
Amer
f7,000
18
126%
113
111%
'.
18'/a
9
'71
Aug
28
x41
Feb 1 V
Jan 3
8
43% May
4
Apr 30
:Jan
35
>,Sep
11% Dec
-
Jan ;/
103
Apr 25
40% Jan
Mach £c F<ly C01.«.^.1V0 par
No par
No par
4.800
23
37% "39 V
♦151% 152 V*
•
<63%
17%,
125%
"*181% 184%
31 -:. 32%
31
-37%;
•
52
•
20%
19%
30%
-37
-v/; „ •
48
.
7^ preferred
^
37
21%
21%
125
-
100
;
36lA
*151% '>l52J/4
:
51
19%
-
185
*182
-
31%
104 ?
307/a
110
;
,113
19
19%"
19%
*182"
111
124
124%
113%
14,700
118%
103% Apr
Dec
-
158% Apr
6
131 - Mar 21 *
137% Feb 25
24% Jan 3 v
64
Jan 3
24 Va Jan . 9
104% Apr 18 '
5% conv preferred——.
:..50
American Locomotive—
No par
1
38%
Mar
34% Mar 20
No par
of III
130
51
I *118-
37%
57% Mar l3- V
120
J00
preferred
American Invest Co
37%
"■
-
6%non-cum
700
h
13%
-
SS Co—^;..10
Amer Internat Corp__,
8,200
15%
Jan
210% Mar 29
,
100
118
50%
118%
21
•
2,400
16 Va
'
36 y*
—
2,100
13%
38%
*118--
'
59%
122
..;.V,:40V
-
50 y*
;;18%
17%
4,QOO
23*
3%
64% Apr
-
Deo
Jan
18
Apr 25.
136
47% Feb 21
American Hide & Leather^.^.—^.1
9%.Jan 7
6% conv preferred—,——Uy-SO
54% Mar 14 ;
American Home Products-i.—97 - Feb 28
American Ice
...—,_No par
11% Jan 22
American Hawaiian
'
15'
•
37
152
50%
10%
118
120
300
i
38%
Apr
12% Mar 141-fi 17%
106%
,
,>> 90V4 Mar 13
196% Jan 10
preferred—..V-100
non-cum
v/v :■ / ■■■•■ • ■' ^V■
";/y i. ■■■
Amer Distilling Co stamped... 7 go
American Encaustic Tiling—2
Amer European SecsV^—J/0 par
American Export Lines Inc~.—: Li
Amer & Foreign Power;—No par
$7 preferred„.,—
..Ncr paf
$7 2d preferred A.
No par
/ ./ $6 preferred-I—
.—NO par
I,700
15%
50%
37 y4
-
152-
10%
120%
123%
122
;
37
"17%
01
16%
-
:
152- -:
51%
-
•
7,300
50%
120
f
13%
22%
21%
f
-51%
>*151%
152
*150%
152"
>51%
21%
37%
36%
36
'
*150%
-20J/4
3,800
.
8,100
1,800
:: v* 53-V
•13%
37%
36%
400
128
38%
49%
16''
14%
•
50'/a
37y*
118
118-
36%
-
20%
20%
37—
118--
'
117%
•
57%
-
*114
14
37-
37%
117%
10%:
15%
-
14%
13 %
50%
•
r
••36%
37%
36%
38%
38%
51
-*117
16%
14%
'<■*
13%
-35%
36%
:
14%
128
119% 121%
*114 V 120
120
59
10%
,10%
*55-
-
120
•
1,000
:io%; 10%
V
'
3,800
'
io%<
16
50
20%
58
>
.v
*49%* 50
-
59»/a
*55
'120
13J/a
118
r:io%
;
.
9%.
-*191/4,
117?
117
10
;-,;r:
9%
37%
•
~
69
128
37%
•
50-
15%
*50
-
51
•
•117
118
*117,
;
35%
:/
35%
:f 35%
*50
:
:
'
116%
•
.57%
122%
*14%
14
•13%
14
13 %
•50
*126%
y:
38'
37%
50%
10%
*
♦114
14%
14%
,
127% 127%
15%
*ii2 m 116
147/8
57%
10%
'
50
122
•
-
15%
•is y8-
15% ;
116
147%
10%
115
*64%
-
122
-
10%
10%
10
•54%
1
15%
•112
•
9%
123
59
10%
!114%
50
•
20%
*19%
800
[
1
9%
20%
58%,
10%'
9%
—
1
-106
68
I
; •'
510
81;;
2*7
r'.y
•
106
68%.
58%
38V
,
50
50
59
-
37
-
-V.'
•
■
Cable Inc,—.Nb par
5% conv preferred,,
—,;«100
Amerlcan^.Chjcle--.——,—...No par
AmerUan Colortype Co—10
4%% preferred————50
American Crystal Sugar—^-4»_10
6% 1st preferredV—..——100
4%% prior preferred—V100
2,400
♦104% 105%.
106
-
i- .
^
67
9%
*-9%
126%f127%;
•
'
v y
*19%
•10%
10%
37
-114
10%
10%
,.♦54%
: -y
58%
67
113%, 114
■
*105
68%
64%
-
v ,'
Jan
86>.
129% Apr 12 >
4m Chain
60
>
*
-
...
Pt'
' v.*
105%
'
106-
*105
:
iU
•
27
27
*77
:
79
*75
7%
600
R.800
f
156%
155
>vy
:
4,700
.
32%
:
'3-1 Mr
*104%
:
*132%
V
-
i 440
,
»_100
*
___25
Preferred
L-r-lOO
American Car & Fdy_.V—_No" par
7,300
-
36
1347/s
No par
preferred
Dec
'
30
Dec
Deo
56 Va
Jan
102%
44% Apr
Febi 26
;;/ 78
20 Va
6
15
.19% Apr 24
' Jan; 2 '
20% Mar 13 / 50 - Jan 21
m,50
L...11;
V,':/v
Amer Cable Si Radin Cnrp
American Can
;
13,600
1
17ya May. 3
Bank Note,% 33
Bosch Corp
4m Brake Shoe Co__»..;
5 V4 %
Mar
39
1'
preferred—
130
;
.V
new
tvnencan
2,000
'
128
35%
Airlines
> American *
70 "V.
1,000
68%
67
127
.
155%
31%
•
-9%
20%
'
*18%
•
58
36%
36%
9%
-
*124%- 127
126%J
36%
-
10
10%*
10%
♦125 t
-
«-f
Amer Agricultural Cben^caJUNo; pan,
{
700,
48
36%
48 Va
104%
27% Aug
Jan 30
May 10
169% Apr
128 V4 Feb 25 v"
No par
Amerada, Petroleum Corp
,3,800
94%
95%
202% 202%
- •
35%
134%
,>■
155%
27 %;'
27%
64% / 65%
21
56%
-
106
•105
*
.
American
-
39.
62
107% Feb
4% preferred
^—
~_100
103
Apr 25 /
58%
1 AlUa-ULttimerb
, 47'% Mar
4
39%
Alpha "ortlancl
par
31l/a Jan 5
>12%
; Anialgam Leather Co Ino-.^.8% Apr
1
7.5
6:%eonv. preferred^,wm,^^^,,60v/:;54% Apr
lvi
Highest
t per share
$ per share
-/< per share
Pat
...
53,900
7
13%J
13%'
67%
35%
*133
*104% 105%
105%
^
95
127
*124
78
::y:';*74'
-
27 Vt
*104%
r
•9%
*9%
21%
.
57%
78
•
27%
"r
86%
,24
,..23%
130%
65%
.
:
.<
58
21%
J
;
31-
31
;
61%
129% 129'/a
-201% 203-
*131% 135
155% 156%
31%
.31%
158
156
<,
30Q
700
5
i
v
60 y4
'
35%
35%
,
133
133
;
157 Va
156
>"
31:.'-.:
30%
131%
131%
135% r
iea,
.
*86
-13%'
43%
v.'93%,
129
*124
36 y4
35%
35 y8
35
35%
33%
■"
>
yv5
61
*129%
66%
66 y2
•v
y/y
127
125
"
7,800
;
••
*44%- 45
18%
18%
39%
40%
-,
"
V 23%
61
■
201% 202%
/
66%
65 %
-
•
m
„
•....
86%
*23
:
i-;
130%
yy
201
201
124
y
'
66 y4
65%
;
17-
.
1,100
i'-V'v:/:
91% 4'92%*
y
204
200 %
66ya 1
126
-
202
*124
;
93 y4
•'.>86
13% '.14
91% 93%
■
13%:
13%
■
60%
•129%
130%:
130
13%
165"
18%
-40y4'40%
23
»
60%
''
•
*
•
200,
11,400.
;i0%
10%
V-*62%
y
•
66
18%
;
40y2
85%"
23 %
23
'
V*44% V 46
,
18%
41
•.
62 \;
*103% 104%:
54
55 Mt
*37%,. 39
-
,
10%
,*161
45 ./
45
,
VU18%:
60%
,130%
.
13%
10%,
..*02%:
V
•
162%
162%
J?
'
61%
•130
13% "
66
85%
23%
.
-
i-ltt
131
13%
.
io% ; lo.%
*62 y*
|-
6014
.
40%
18
13
40%
8R%
22%.
85-%
65
164
45%,
45%
,
,
17%
'
85%
37%
10%
7
•162
162
39
C-
41 %
•40
63
45%
45%,/.-.
45%
10%
36
60%
:
103% 103%
104
53% ,v 54 : .
55, '*
vK 37%\ 38%
-37%
53 %
5,000
13,100
36%
35%
59
V";
59
•103%
55
37%
37%
63';
.
162
>
166 y4
•164
38
10 V*
A1'
.63%- 63%
51%
.10%.
38
•
38%
10%
*'38
;•
57
59%
104% 104%
•v;
104%
-51%:
•103%
53
521/4
58%
'
35%
35%
i 34%,
>
Year 1945
Lowest
Highest
V
t per share
Allied Mills Co
i»«r
33
Feb 26
cstores Corf45% Feb 28
Shares
Si per sharer
t per share'
:t per share
,
34%*; 34%.
V
57%
56%
y
57%
33%
33%
r
•103%
May 7.V.';,
tper share '
EXCHANGE1, y.;;.;::
'■/
«
January 1
Ranee Since
Lowest; v
NEW YORK STOCK
'
ihe-WeeH
VV JWay 10
9
.'
May 8
§V,v;
May d
■
if
May 4
,.;
Sales fo*
Friday
/.Thursday
Wednesday
Tuesday
,
PRICES
HIGH SALE
AND
LOW
Dec
130
,
•
Dec
27% Dec
20 %
Dec
131
Nov
29
Dec
5%
Jan
10%
Dec
58%
-
Dec
63
Deo
24% Aug
"11%
Jan
19% Jan
35 ya
Dec
28%
Jun
44% Nov
Volume m
| f| •*-
Number 4489
'
"THE COMMERCIAL & FINANCIAL CHRONICLE
2591
.
NEW YORK STOCK RECORD
SALE
LOW AND HIGH
Monday
Saturday
May'4
>>
J:
/May'iS/^'):
.
,
>•
May 8
STOCKS
■;
Thursday4,
W'ednesday;;/
'■
Tuesday
May 6
prices
Sales for
Friday;/-;,vi
NEW
v
the Week
■May 10
May#
■
,-.-.••
■
*
sTOCK
V o<tiv
Range for Previous
■
Range Since January I
Lowest.
Highest
EXCHANGE
•-ii-
Year 1945
:
Lowest
•.
Highest
4
$ per share
sharp.
21%, 21%
80%
81
*
22
"22
*80%
81
739%
40%
33%
-
"
;22%
■-
34-
7 56%
*55%
56%
28% ! 29%
28%
27%
*55%
55
55
56%
'34%
.
'
;
55%
28 %
*22%
22%
23
55%
34%
t28%,
;
28%
29t
82
39%
,•'34%;.; 35-,•:•;
,
28%
28%
54%
*53%
55%
53
56
■
30%
';•
»_100
Brothers
'
v.
75
.
new.-^._—v.10
Jan
* ; .32% Apr
;
,
'
,.
.
4%% preferred——
tearnsaan on 00.^—,
130
11,000'
3,200
1,100"
Bath toon
Bayuk
Works
_50
Corp
^
V
—:h
1
v
,
Cigars Inc.—per
53
^
>
62
1C9
109
*106
*106
107%
109
107%
28%
*4u%
♦130
27%
41%
28%
'*'40%
24%
7 - 27/7
24%
109
24%
27
32.
:
;
107%
107%
<-4Q3/4 >"41%^:-!
.
130
130
28
28 V4
32 Va
107
/■
•/
'
4
20
17
16%
Jan
39% Feb
18
14 Va
Aug
18
32%
Jan
;
36
Jan
"
• xl06
Dec
59% Apr
4
24%
"
48%
47
33%
33%
34%
33% ■34%
47 V#
47%
44%
45%
46
26%
26%
26%
26%'
26 Va
48
■
*162%
164%
^*79"/
81
25%
;
*111
27%;
63
i 41%.
41% !
41
40%
200
*185
*195
54%
54%
51%
51%
53
17%
17%
48%
48%
7'7
*67
31
25%
83%
*
56%
£
'
W/a
17%
17%
.
48
48%
48%
.
'
*54i%
,
,
*
33%"
31
33%
66%
68V2
38%
37%:
38%
4Vs>
:T7%'
VlVs
17%'
48%
48%
50
34%
22">• 22%
*126% 127
;
22
108%
>
21%
126
19%
18%
39
Bridgeport
4,300
2,800
Brlegs
1,300
10
37%
2,900
Wrooklvn
Bucyrite-Erle
600
20%
21
20%
*
96%
96%;
96%
971/4
96%'
97
20%
21
21%
21 %
22%
217/s
22%
37%
36%
37
36
36'%
36%
36%
36
*105»/4
105%
105%
105%
43%
42%
;
42%
105%
*105%
43 %
42%
97
-t,
23
36%
1;
19,200
37%
;>
45
44
4 43%
49
44%
43
45%
48
1
*108
;
—
44%
47%
45
....
47
*108
43%
106
50'%
45
106
2,000',
'
109
45
45%
53 %
103
•108%
1,700
46%
55
45%
54%
48
Billiard
<
Co...—
18%
18%
32,300
■'
loo4
;
12
12
*98%
86%
...
-No
...
1,900
Bush
20
6ft
'
:
f
27
; f
'*109
LOW
Monday
MayO
Saturday
May 4 '
29
4,700
i
1 '4 ' *
Jan
'
••
7
56
)'
^
^
^ per share''
,
tpefekhre
tper share
44%
44%
55%
4%
*54%
> 9%
; 10
38 Va
A 43%
45 4
'*132%
5
v
9"%
38%'
58%
*43
132%
134
,56%
*55%
18%
71%
18%
*53 Va
18%
"
Dec
Dec
:
62
Dec
67%
Apr
24% July
114
Apr
:
Oct
Nov
.55
10%
Jun
59%
Nov
;;; •>>37%
Dec
5'A. Apr
42V4 Jan
8;
Jan
45%
Apr
,'
Dec
191
Jan
33V2
36 Va
23
/ >>40% Dec
;.
>
'
34% Jan " 9
17% Mar
86% May 10
47
20% Feb
16
10% Mar H! "19%
Dec
53% Jan
28
37% Mar
52%
Nov
6
37% May
May
1
1
Apr
3
38% Apr
22
70
115
.
;
/i:•
•
-.
35%
36~
Dec
106
Deo-
35% Nov
Jan.
»
Nov
: '112
July
21
Dec
80
Jan
21
39% Apr 17
.110% Mar 18
38 V2 Apr '23
23% Jan
40~
24% Apr 10
12% Mar
20%
'
Feb
Jan
Feb
25
-
Jan
6
>74%
Jan
97
Oct
4
;. 10
Jan
24%
Dec
•23% Jan
; 37%
Feb
2
t
18%
30 Va
75 % Jan'
4
>;
3
99 V« Jan
2
29
Apr
109% Jan
.
v
-14%
6;-
Oct
•
&
DeC
7%
28
Dec
Feb i
101%
39
NOV
1
Range for Previous
,-::vYear 1945 >
Lowest
n
Highest
.
s
27% Dec
?•
•22V^Mar
Range -'Since January T >
;v
.81,.
Aug
"
■
Nov !
Nov I;
Nov r:
110
Jan
87
!
Dec
15%
95
Jan
15 ;
16
Jan '- 7
36% Apr 10
;
Lowest
Dec
7V4 Mar
105% July
3% Jan
3
•
35% Feb
;,109
29% Feb 26
Dec
20%
77% Aug
59% Mar
4
9%' Jan
■
Dec
39%
-ilah'.
13%
.
95Va Apr • 1
36% May-10
>
24
Ja». 3
Jan
24% Jan
Jan ' 9
15% Jan
2
25% Jan
109
427/s
111%
Apr
Sep
Dec :
Aug
20%
105
Oct >
3*9*%
Jan
v;:l/i
-
'
100
10
Dec i
Jan
Mar 22
20
Nov
,25%
Feb
48% Mar 30
25
Dec :
128
Jan
10%
9
Nov
Jan
120
2
-
108V4 Mar 28
45%'Jail 29
25
26
•
Feb
•'
Shares
9 per
Par
.
7
Highest
share
.
18%
Packing
No par
5ft«preferred—___.wti—a—50
■>/
v
Callahan
5%
Zinc-Lead—.—.——
Calumet & Hecla Cons
10%
Campbell
39
Canada
4.3%*
W
54%
preferred
Southern
Canadiah
19%.
'71%
;
3% Jan.
58
7
/
.100
Co
Ry
Pacllic
-27% Jan':-X
8
Apr do
7% Feb
-52%
16
>
53
,
Admlnlstrhtibn Plass
Mar
4
58
Jan
Apr'
4
Jan
113%
9%
Feb
47
Nov
Nov
45%
;
-
Oct
128'/a
Dec
*•
.Jan
10%
16
Jan
56
Dec
20%
Dec
72
48% Jan
73% Apr 22
Dec
32%
Mar
7
; 22% Feb
,
18
Mar 13
62% Feb 26'
Deo
56 >
,
6% Apr
20
31
.
No-, pot
\
43
Sep
1% Jan
c
^25
Ry_—
Mills—U-.—-
$ per share
-
47% Apr
>
.
©annon
;
2
7
8% Jan.* 7
12% Jan 28
X30 .Feb 25 "/
39%;Apr 30
41% Mar 15
49V4 Jan If
No par124
Mar
6
134
Apr
9
Capital
*70'
Jan
Jan
Copper—8-
C Fdv.—-*No par
&
Canada
133
2
Dry Gkiger Ala common—5
$4.25
t
39
u54
.
$ per share
9 per shafe
■
,
California
44%
55
18%
*68
Dec
78
109
Maris
Feb
90
.
Dec
Dec
,
(
Jan '17
.
".G/,,.
44%
-
42%
34%
4
4 per share
*55%
4%
) ^
11% Jan
v
10% Feb»25
,w
Dec
112
Feb
5 2 Va
Apr 26
\
%
.
26
l6Va Feb
;
STOCK
"Jan
95
'■ 111
EXCHANGE
'
Dec
/ 57% May40
No par
YORK
NEW
h
,
3 2'A
Vii Apr
493/a Jan
4
Participating preferred——■100
Sales for
Jan
17
3-
(_100
(A Ml
Dec
xl08% Mar
47% May 10
:224 ■• May 10
57% Apr 22
§
daft,
55
'
J;-"
1
^,Bywv» Jack«o»
the Weel
May 10
May 0
'
$ per,share
iperjshare
Byers Co
r
800
vfTfday
-May 7
'
3
38
.^..10
—
Dec
25%
Mar'26
38% Jan
preferred4_100
common
38
Jan
'18%
6
72%
Jan
20V4
108% Jail
-
Dec
Nov
155
Jan
73% Jan
9
'112
Apr *30
35
par
i.
STOCKS
VIND HIGH SALE PRICES
Wednesday
-:i/;
May 8 >>>:'
Tuesday
Jan
104% Apr
■
..—100
prefepred.__—.i.
240 ;■
1
36
Jan
•
May
^Butte.':<GQpper:;:«36*——Ji.:-;6
3,100
106
36
34%
Bros
4%ft
1
7%
28
105%
108
36----.-.'.36-
111
7%
7%
26%
27
106% 106%*.;
•
Butler
10,100,
30%
*109
Terminal
preferred
Bush Term Bldfir 7ft
570*
88
31%;
ill
:
7%'
7% ■
,
98%
,127
Dec
28%
Jan
1
'h\
Burroughs Add'ng Mach.J—No.
19,500
11%
31,
•108
Jan
35
,
par
5
'■
*98%
99%.,
86%,
Aug
18% Mar 14
El Corp $3.60 pfd—i.100
co
/
18
17
65
^ 66% May 10
113
Dec
109%
Sep
; 22 % Aug
Mar 22
30% Feb
2
Jan/21
/ 108
31
.——.5
'
;
Dec
168
35% Feb 26
par
•feulova Watch. Co. Inc.
Burlingtdn Mills Corp common—1
•4ft preferred.
u:
——100
2,500
57%"*
*108% 112
112
35%
G) Mfgiiwi...
Buff Niag
400
42% :" 44 J
:
54%
50%
*108
-
Dec
,
"
43
Nov
30
—.1.100 / 120
Jan
2
.130
-—.Ne par, i8% May 3► 26%
-^•ffs 'pl^ferredtt-lk.it^i.cii;No.pafi -'i',:9^ ; ■■ Jan,',*3/
99%
•Buda
Wiieei—
.ww———No par
\19%May 4
28V8
-Buffalo Force OoU—.
-1 v'
30% Jaft
3
'
45%
9,500
-
63
Jan
preferred..—.
Budd 'W
;
540
97 tfe.
221/4
,36%
7ft
430
21%
Jan
19%
7
31 J% Feb 26
,
$3.60 preferred
127
*125
126
126
207/a
-47%
29
Apr1 6
*113% Jan
6
May
7
Mar, 18
31
.15
7,000
126
103%
17
35% Jah 10
110% Jan
9
.
-
No par
23
96%
105%
new
..-.w—.
Inc
28 Va
20
43%
Co
21%
96%
106
Shoe
Brown
BfOus-Balke-ColJender——No
20%
8
Jan
-*1'
No par
1,900
20%
43%
Dnloti ^a9...
39%
126
Jan
26
;
46^4 Feb
Bristol-Myers >Go New——_L;2.50
3%'ji preferred^..——.——100
21%
Dec
X16% Mar 14
v
3rig'gs & Stration no-w__.___No par
1,800
22
NOV
35
24% May
par
36%
96%
■
No
108%
19%
*105%
Mnniifn.ctmincr,
39%
20%
;
No par,
35%
*36%
,
Brass Co
■"107%
21%
Dec
29%
4
v 72
35%
2i%
24%
26
51
2-50
inc——
Airways
108%
96%
:
ftbller/iBeikrlng ,Oo—^.-'5
66%
37'
Jan
May
Aug
17 v
.
Jan
*8
Brewing Corp. of America
112%
■-';i
2
44% Feb
s
tasseivted) .100
RR
35%
■
126%
19%
——5
65%
35%
37
*38%
lo
..-
Feb
38%
\ 'j
36%
179
44%
„
/
nn%
35
>68
112%
,
..1
*1071/2
'35%
;:;35
127 •-«
*126%
19%
.18%
34%:
21
36%
;
,.A
Corp.——!
Maine
k
Bramft
4001/
;
35%
60
prfclewed-—•—.—.1.100 "
Boston
/Bower
25%
86%
37
38%
*106%
109
67%
*111%
::
Borg-Warner
4,905
24%
85
*
Dec
18
Jan v 2
104% Jan
•
B—.—V—No par
Borden Co (Then
;
56 >
*54%
25%
83%
-*33i%
,
*111% 112%
36%
56%
'
—5
Nb pa*
«>*,;
\t
Bond Stores Inc common!..,
;
35%
Aiuminuju <k ©jass—
Class
7,000
90d
8%
8%
Dec
136
35% Feb 1 8
Bohn
4,100-
57
42
Jan
-13%
16,600
900/
":--63%>55..'
8%
*80%
36%
•107
109
25%
66%
*38
■38%'
38%
*107
56%
25%
113
-
36
36%'
.
4
;
'•113'
*8%
*80%
17%
49
66%
68%
36%
■
48%
113
214
5A
*54%
25
80%
17
35%'
*33%
8%
56
52%
47%
224
!
Aug
16
Bon Atnt Co olasS
.ij
'
56%
*80%
•
*:
8'
201%
55
-;.
•
44%
41
24%
25%
82
8'/s
«8
*54%
56%
81%
*
»
8%-
*111%
1199
55%
50'%
42%
42%
41%
200
;
83 % Apr1 l6
42
May 10
1Q0-
53%
25%
10,600
70
52 ;•>•
*54;:
,
113
Dec
35
'•
14
-OSVa Feb 27'
SS Vs Jaii 2
22% Jan 21
;
.
Jan
17%
Apr
12%
12%
3
par
Deo
,
Apr
26
93% Jan
par
110
114
15
Feb
'Bites &. Laughlin inc——5. '
29
Feb 26
Bloomlngdale Brothers...;..N<h par./
38V8 Jan
3
Blumenthat
preferred
100
109% Jan
2
Boeing -Airplane Co..——1—.5
; 26%Feb 26'
630-
66 Va
9%
35% Apr 23'
.1. 52.% May 10
22 ■/ Feb
par
Co——..No
55%
.
'112
r, ;
v"149Va
Nov
"' 58
!
par
preferred^w——v———100
Blaw-Kncft
900'
27%'
(Del)—___.No
DecT
47
37
,
May 8
46V* May 10
28
Jan
7
—1
-——•—...
Steel
24%
27% May 10
35% Jan 28
Mar 13
1C7
100
Feb
25
4
.
v
Jan
140%
Mar 27
26
par
/Higfelottr-Banf Carp Ino———No
Hlack
Decker "Mfg Co——_Nd
•
9,200
1,500-
53%
*8;
•>/"
64%
*111
27%
7 ft
>
24
,
———I^-l 31 % Jan /'
Poods
■43
' 7
19% Mar 14
.
;;
i—.a
Loan——.No
307/e Apr 25
' 5
Jan
Dec
54
Dec
Mar' 8
11 o
21 V
39% Jan
127
.10
preferred—
;
203%
-
•.
70a
63%
40%
53%
164%"
Co—«——L
Indus
C
—;—No par
Corp—.—..——.
Feb
14% Jan:. 3
_20
Avi4uon_——,
Bethlehem
12,5001
110
*62%
*190
Best
108 %:
63 V4
*62
*109-
63%;
"•'-52 ;>
Best & Co
•:
4V<%
1,700^
27%
*82%
;
5,100
'
28%
7*25% >27%:
31%
32%
57
63
Benencfai
.
52%
164
164*/ •164,tv>V
..'1137 >
-
27
*109% 111%
,
'
Benaix
1,900
-
2,100
*55
•
48%
103%
31%
♦111
113
"
25%
J
27%
!■■■.■?': 26%
8,700
:
38%
'31%
*31% ,32
V
*56%
57% :
:<M
27
&
79
38%
25
39%
47%
104
'Aircraft
Bell
'
,
Bell
2,400170:,
7,400
•;
Beidmg-Hemmway
6,000
Howell
.'104
—.—^—'50
RR,
Packing Co—
7,800
34%
101%
;
1'63%
,
79
*39%
.25%
102%
163%
100% 103
164
164
103
26% ;
Creek
Beech-Nut
-
48%
34
26%
47'A
46%
104 7/a
108
V; 46%
•
103
35%
108;*
47% •:■:/•■ /
47
33%
Beech
1,100-
27%28%-
34%
' V
108
47
33%:
-
33%
*52%
56% Jan
-4
• >68
May 10
; 106% Jan 10 ,110% Apr 22
4%%
preferred—,.100
Aircrait Cwpu—u.*—t
Dec
52Dec
56
Apr
307/« Apr
•
•' ;,
Shoe
Beech
10
-
28 Va
'
34 %:-*?■
Beck
5,400-
135
Creamery———.i_.25
$4.25 preferred-—No has
rr/
so.
41 Va
*40%
28 %
48%
*48
;
.281/4
130
■
24%
24
;
32%
109; ■•-:;
;
410
;
107%
28
28%
Beatrice
2,600"
;>■::
111
*ll'0i/4
.28 Va
.
24%
3i%
*107%
:n07%- 109
'
.
;
68
65
'64%
110'A
106 Va
•40%
130
27%
24%
26%
;
:
32%
♦108
*125
31
24%
27
*32
40%
;
41%:
130
130
133
'
IIOV4
?:
*106%; 107%
28%
28%
28%
'
64
109%
109
.
Mar
Jun
81
29% Aug
•;.,
'108%
64%
62%
62%
*61%
66
9
h'.A'Y-
•'.••••62:'.
23
Jan
4
49% Jan
9
40% Jan
;
12%
t per share
'* 35% May"10
29
Jan
Feb'
84
r
21% Jan
2
20% Jan.- 4
•
t ver share
25% Mar 25
3
37% Mar 15
•
—
55%
•
pieteiled—
S per share
,,
20% Feb 25
Asphalt Corp-^wi-^t—U—lO
Barker
3,200"
29%
.
5%
4 per share
^
—oO
Barber
1
30 Va1"
30
/
JPar<r
Aroostook.-
&
Conv
/
5,600
.
'
-»
.
Bangor
200
i
•
v;;55% : 55%:
28'/a
.
;
35%'
•
*55%
29%
'
39
35 '
*
1,300
81
> 38%
56"
'54
54%
80%
81'%
39 v: •:;
Shares
,
-'•"23%-'-23%
-23%
.
29%
>29
*55%
;
29'/2
*54
35%
.
'S fiershare
$ per share
39%/'-;
28%
'27%
28%
*28>/V;28%
"
'■
share
>/; 781 > >827 >>
'39%
40%
'82
39%
34
33
> >l.p«r
;
-22%'-,/-'.:
82
40
38
34%
*55%
& per share
t per
v
4
Nov
v
f
*57 > 57%
*135% 136%
27%
Carrier
57%
'—9%
44%
45%
174
*172
70%
72%
74%
*106%
107
107
159%
159%
159%
28
28%
21%
72%
*106%
1'07
*159
159%
16
f
11%
11%
*111% 112 •
15
-
I)
11%
•
t0%
/:
37
-41%
-
>
22
:
45%
451/4
22%
*36%
37%
"
21%
451/4
22% >
"i
38
*361/2
•
*57'/a /< 59>'v:-f
>
46
•57%
22
•36%
57%
45"%
45%
•
231/4
*28%
...
.
25.-
*r
59
29%
•
--25
.
28 Va
;•
58%
•
*11%
12
25.
25%>;'V 5
29;>
36%
11%
25
28%
201/4
24
22%
'fr57
111 Va
29%
-59
-
J—No-par
: >: 45%
23%
23%
-'
400
23% '
;
111
«
14
:
New
7.500 -'
25 Va
RR
of
New
-.TOO
Jersey.
Cerro
41,600
*
19% Mai* 15
Bu^ar Cofc,—.j— —
-Century ftlbbba Mills.i—
1.603
47%
26%
28
37
;
Par
Oertain-teed
38
59%
37
'
29 %
62 -
.62
112 ;
-
>
*
*25
26'/4
112
* *112
'
>
29%
*28
-
28%
-59%
12%
12%
21% f:
21
21% 1.
;
*25%
„*25:;.' :?25
60
200
37
65%
66Va
63
'
113
'
•Chamwon
1,300/
ft'"
-
po<
59%
59%
59
VV
'
29%
600
•27 ;••->••;
'$4.50
13,500
Pap
12% „Vl2%.
.,21
.
21%
121/4
'
\;
13 %•
Cab
*——No
491
29%
29%
22
2.900
'
Chic
-;
'
:
12 y8
#•• 12 Va
12%
12%
12%
;■:> 121/4
12%
/
5 600
25%
24 Va
25%
28
29%
& 28%
29%/
;
*44.700 •:
28%
29 Va
28%
29%
24%.
24
24% t
/ 69%
■70%:
*55
.37
fisi/a
62
For
65
65%
29%;,
29%-
67%
30% :
*52
56%
*61'A
70 cv;
'291/4
*
/
67%
35'/a
56%
55%
55% •••'-
*61!A
62
61%
'
,
.
:
footnote, see.
-
4)age.25O0.
May
110
159
Jan
18 Va
11% Nov :
24
29
109 Va
Jan
10%
Apr
<25
^.-.5
23 * Apr
v
.•
25
17% Mar
54% Jan
•01%
70
24 V2 >-'•
707/a
36
-36%.,
35%
35%
/ >
66%
f%
66
66%
i;
so
30%
.
68%
.
*
55
61%
Jan
NOV* !
Feb
1151/4
201/4
10% Jan
Jun' ;
4a
Mar
9
Nov! I
32% Dep,,
- -
—
33
25% May 10
43
Dec1;
'
50 Va
Dec
I;
16%
Dec
r
33
Oct
!
55
Dec
112
Nov
■
3
Sep;
Dec:
13%
;
31Vs
11%
Jan
17
Dec
Dec!,
21%
Apr
4%
Jun
25V4
Jan
20 V8
.
"51V4Jan 16
1
Feb- 26
1P8V2 Febr
pat
Mfg hew.—. 1.25
Va
Chesapeake & Ohio Ry—
6000;
21%
24 v4
V
24
'
Dec;:
66%
-
Jan
7
Jan,
3)
Jan
21V4 Mar
28% Jan
t 108% Oct
;
63% Apr 30
26 >114 :
Jan 17
4 3, 33
Apr 9
12:
25
May 4
5 ;>
63% Feb 16
"
'
'
V
i
fr. East
111
Class
•
^.icavo Great
:
64!
|.
RR
Co—...No pet
9% Jan;
40.:/' 20 "May
West RR Go
—50
9% Jan
-nrpfprred—
—58
«'• 24
■
70% £
"55% ;
61% -i
•;
56
*61%
62%
•
,
'
36
/
30%5 31% /T
*55
•
■67
--:
68
'
i,. 4.
33%
f
56.
56%
:
62%:,.
Chi;
8 800
36 %>r.>;
31%
*61%
>>.-11 onri;.
9.00O
Sprie«
70
40
A
01
*»
'"tc—
•
:
$7
"°r
of
;
65
6.
par
*25
Mar 13
preferred.*,......No4 par
50
Mar 21
59
Mar
W i——
Tool
'$2.50)'cum
div
i—No
No
Ptt*
/,
.
May
6
18% Jan 23
26% Jan 28
Dec
58%
Oct;
1
.
26
Jun
i
12%
Jun."
12 Va
15% Jan
. 6% Mar
5% Jan
17»/4 Jan 25
3°% Feb 16
JfO
.
34 A Jun
24
Jan
29
24%
Oct
33
Deo;
«6%
Oct
28 V2 Jsn
26'
100
w
'
22
14V# Jan
47% Mar
82% Jan 28
?>
253/4 Mar 29
64% Apr
100
I—No pur
-
2
7
Pneumat
conv
';•.,
/
3:
May 10
3518 May
preferred
fthirago
Now
prefemd...—
Chicffcgo & Northwest'n
;
6 °ni .
3,500 i
>
>.y;.,
Qt
2
4
.
,
v..
^
'11%
68%
Dec
Nov!
71
■
„
Dec
175
Jan;/;
14%
; 42% Feb 16
14% Jan-
No pat
Chesapeake Corp
.'•
Dec
48%
.
Jan
Nov
10
.
i
Jan
37%
; 42% May * 8
29Vs Jan
-,-No pat
preferred
Checker
400/
;
60%:
f
36%
.'/
33%
127
23
16
15
22
'24
M«y 9
42% Feb 26
.1
Chain Beit Oo_
;•
.35%
67%
36%:;;
Jan
Dec.
104% May
'' 3
Feb 25
23
—Nopar
Products
*
3
May
-28% Jan
No par
—
de Pasco Copper.
;
May in
'•
25
®0%
67%
67
36%
v
49
47%
Apr 22
14
109% Jan
461% Jan
307/8 Apr
* 21% Feb
29
Jan
* 17% Apr
13% Jan
11"
Jan
23% Jan
22% Jan
20% Jan
3
2
25V2 Feb 26
% 10% Feb 26
Corp
•
-
•
preferred —■
20
Central Agulrre Assoc—..—-No par
Central
Foundry Co
«—.1
5ft
.
'
111%
29%
<
*36
r
13
24%
,
•.
§. " 59 '
2OV4;
11%
11%; 0
25%
•'"••
12
20
:
.
23%'
36%
.
111%: lllVa
-
23
Jan
Apr 30
78
1
Cenftrai yjoletu
>
45% 45%;,.
45%
Celanr^e Corp of Xmer—.-wlNd par
' 56
Feb 25$4.75 1st preferred—.—.Nopar
105%Apr, 25
7t
2d preferred—a
L106 ■> 154
Mar
8
Oct:
Nov
•
••
58
; ;-25 •-;
59%-
27%
•20
11%
4
•
111%;
-28%
-
25
59% i*'
*11%
20
J
111%
37'
SH12
22%
37%
"
112
*111%
-
15%
' 42%
23
45%
*
5%
•
Deo
,56
135
>
Mar >
35%
152'
2
78,
,
Jan
?;21 ;v ja»;/--;-;
Jan 30
Feb ; 4;
10% Jan
.
Feb 26,
tCeni
;
'
15%
66
,
V;
34
60
*
8Vn Mar 14
32
: >21';
Jan.1
Mar
116%
Apr 27
53% Feb v9
:
,
Jan
•
■
....
112%'
*111
15%
136
•
Central Hudson G & E Corp.No par
Central III Lt 4%'ft
preierred—100
"25%5 26 7
11%
112
15%
;•:
11
> 52
; 21,
-
Celetex
;S
;> 15% ?. 16 >
15%
39%
^40%
39%-
•112
15
.
^7% .-28%
21%
2174
28
11%
113%
74%
159%
i
28
2
'• 57% Mar 26
40% Mar 13'. ■ 47% Apr 10
174
May 3 -183
Jan
8
Cktfcrpillar Tractor———Nopar
107 >
*159'
15%
38%
39%
71%
*106%
21%
a25% ;"26:i -
15
39%"
-1*39%'
16"
'112
,
40% -40%
,
26
*73%
55% Feb
Preferred —U———»>wlO0
77%
107
21 V»-
11%
,
14%
'«
Corp—1
.1
Co^.i—t——J—25
Case -V J
457/8
159%
27%
21
15%
/
28
21
,
27%.
26
15%
.
Ry„..l00
Corp 4—— <*.1—
10
4ft
seriesl———50-
;
*21
Ohio
&
•Carriers & General
": 9%"
174
-
76%
72%
I6 V4 Mar 2;
55>/4 Feb. 28126%Jart
2
45'% Mar 5;
26% Feb 26
•
10
Clinch
Preferred
974
*9%
44%
*172
A—l
preferred
<3arpenter Steel
;
27%
*56%.
$3
Carolina
49%
*48%
•
•
*
6
11
'
67% Jan
I?
:
•-
Jun
Jan
66
Dec
19%
49
-
Nov
49%
54
37% Jan
59J/2 Jan
74
25% Jan
;43V2Jan 17
78% Feb 16
Jan
Jan
54
Jan
>•
-37%
Dec
59%
Oct
64
Dec
••*••■■
*
*i./
-j
LOW AND
Saturday
-
■;/'•'■.
■v
•
May 1
K
22%
20%
51
*48
22
20%
53
53
53
33%
X33
20% Feb
19
11,800.
53%
54%
52%
54%
54
54%
53%
54%
54%
55%
35%
35%
35%
35%
35%
35%
35%
35%
35%
35%
32
32%
:i 98
99%
♦105
106%
65
*103
'64
192
*187
190
106
*103
106
107
•103
112
112
•111
*68
70
112%
71
♦69
S 65
♦103
107
*111%
65
*187
192
♦187
192
63%
106%
106
*103
60
*57%
'
34%
-34
34%
34
35
34%
35 J/s
55%
55
55
54%
55%
54%
54%
♦163
168
*184%
189
186
65%
66
| *66
*184
190
65%
65 Va
.
52
52
c 16 Vs
<;
20%
27'A
;
24%
*26»A
26%
25
5A
/
54
114%
♦113
16%
163A
16%
20 3/4
22
27%
29%
24
25%
27
27
27
*26 Va
25
25%
243A
24 ;-
25
24 %
24
•
24%.
23
20%
x20Vs
'
,?43A
*23%
v
403A
41aA
41%
41%
41%
42%
41%
,40%
413/s
41
41%
413/8
413/4
41
11%
•11%
113A
123/a
11%
113A
12
113A
110%
1093/4
104
104
109%
*104
'''
•
45 Va
30
44%
293/4
110
105
*104
105%
44%
30%
45%
30%
30
100
100
99
100
100%
54%
53
55
53
55
54%
54%
118%
118
54%
118
•
24%
24%
4
4
126%
126%
1263/4
35%
35%
35%
72%
70%
*36
36%
35%
52%
50%
126%
36
35%
36
*51%
127
35%
*71
rl26%
35%
126%
51%
'
70%
70%
71%
36%
8%
8%
8%
35%
34%
35%
*108%
108%
108%
-
;
A
,
8%
8%
i
108%
51%
51%
503/4
51%
51%
513/4
24%
36%
25%
24 Ve
24%
37%
36%
36%
•112%
1123/4
112%
113%
49 %
50%
49%
23%
24
23%
24%
25%
34%
24%
35%
112%
113%
45%
•
%
112
♦111
17
•
A
18%
47
47%
14%
14%
56%
56
56 >VA
19
18%
19
47
46%
47%
47
20%
20%
20%
20%
25%
24%
•
25
*25%
26
55
•543/4
55
18% */•:
58% • '
*57
18
*57
18%
18%
58%
58%
•
/
21
60
35%
-
♦107%
60%
■60%
/
59%
'«200
201
201
6 /
25%
253/4
28
,*543/4
55
18%
58%
58%
*57
22%
21%
22y8
V-l 58%
"200 1 200
58%
•'
'A.
34%
59% A
200%
13 y«
34%
59
200%
13%
2001/z >
13
X13
A 6%
6
A
43%
44%
441/4
43%
107%
A 32%
*32%
33
32%
32
*29i/8
31
*29%
•29%
'49% A 50
:
48i/4
:
50
108
108
137
*137
-143
A. 44%
44
24%
24%
49 Vs
50%
1043/s
21%
56
76
.
65
76
76
76
52%.
21%
65
22%
22%
22%
142
76
.
65
/
76%
76
7%
20%
■
*134
41
•
139
'
■
-
41
7%
7
7y8
20%
: 139
*134
:
7
20 Va
20%
*134
7%
.•
21%
203%
139
40%
39%
27%
39%
*26%
/
21%
76 r
A'.70
■
22%
A
,
7% 4
21%
•135
A 27 "A
♦lll'A
1121/4
A *26
27%
25
25%
25%'
*111%
*26
24%
1121/4
112%
25%
25
31%
31
31%
31%
32
32
323/4
73%
73%
71%
73%
•71%
73
73
73
50 y8
*38
503/4
A' 49
•38
A; 383/4
*45%
45%
12%
12'A
'A;. 11%
27%
27%
AV 27%
•74
1071/4
106
For
45%
121/a
12.
12%
273/8
77%
273/a
•
*74
27%
36%
36%
37%
43
43%
44
46
29%
29'/4
29%
108%
110
footnote
106
*106
see
*46
108%
110
page
A
2600.
29%
108%
*106 A
29%
113i%
110
-
49%
r
50
-
/A"*
,
50
-
74%
■
51%
.
5,200
-
38
38
V
38%
38%
900
39
39%
39%
AA-
39
41 ■-•;•¥/'
800
453A
12%
-11%
27%
27%
A':
'A
44%
A 44%
-
■•
38%
45
'a: 29
110%
*106
48
v
*74
45
12 Va
/
A' :'
293/4
lis
107%./'
•
78
38
39%
:
453A
*••<-•■:
*47
293A
109
*106
,
110
'•h'.;.
•;
'
t
463A
48%
111
106
106
— —
18,500
1,600
••■';
200
31
109
0
'
••
39%
46
29%
111%
11,400
5,600
A*.*;
38%
.
*47
48
*28%
13
273/8 ,.273A
78
*74 'A
/A
273A
1,700
C,
46
12 Ve
/
45%
37%
*47
.
273/4'
78 ///'A;
45
47%
733A
38%
*74
46
32
73%
12%
*"*:
78
35»/4
,'
32%
*38%
45 A
>
443/4
A \
50
1,700
1,800
',32%
32
72
A
20
112
1,500
15,500
■
100
Dec
6
1
89
4% Nov
1243/4
Jan
29%
22
48
Jan
39% Oct
50
Nov
26% Mar
2
May
Jan
7%
24% Jan
106
28
Jan
Sep
11% July
22
Deo
31%
45%
Dec
Jan
35'A Dec
45
Deo
Feb
115
108%
Jan
54% Apr
18
26%
Apr
40% Nov
193/i Apr
6
8%
Jan
17%
Dec
109% Jan
10
933/4 July
109%
Dec
8
18% Feb
54
Jan
6
5
63
17
Mar 20
24
50
Sep
106% July
10% Apr
113y8 Mar 29
2
Jan
113
Dec
37%
48% Apr 22
39% Mar 13
14% May
Nov
109% May
1153/4 Mar 15
1
4
12% Feb 26
102
Feb 25
110% Jan
Dec
34%
33/4 Mar
6
«
Dec
34% Nov
Nov
283A Jan
23% Apr 20
17%
Dec
Jan
59%
Jan
20
Dec
35% Feb 26
47% May 10
29% July
43
NOV
Continental Steel Corp new--—-14
20% May
6
22% Mar
6
23% Mar 20
1
30% Feb
16
Jan
>
46
18
8 3A
Jan 29
5
preferred ———100
Corn Products Refining.
25
Preferred
1
100
-
Feb
55% Nov
Jan
19%
Dec
52
49%
Jan
53%
Jun
21
59% May
58% May
199
Jan
5
8'
2
70 £ Jan
;
i 210%
29
10
Jan 29
6%
preferred————--.100
Cuba RR 9%
6 per share
473/4 Apr
Feb 26
38
*31
Mar
4
353/4 Jan
14
31
May
3
39'A Feb
1
Jan
14
51
54% Feb
29
Jan
Jan
21
Jan
3
22 3/8 Feb
preferred
Prior preferred
Curtlss-Wright
Class
A
-
1
—
No par
Cutler-Hammer Xne
5
Y
Davega Stores Corp, N
Davison
100
pfd
Chemical Corp
Dayton Pow & Lt 4%%
Dayton Rubber Mfg Co
Decca Records Ino
(The)
pfd
1
100
50c
1
No par
Preferred
20
Deisel-Wemmer-Gllbert
——10
Delaware & Hudson
100
Delaware Lack Sc Western
50
Detroit Edison
2u
Detroit Hillsdale St 8 W RR Co—160
Devoe & Raynolds A new
12.50
Deere
St Co
Diamond Match
6%
5%
Dec
41
Jun
37
59%
Dec
Jan
Dec
Dec
5
106'A
106
35%
Jan
111
Aug
42
Deo
16
Mar
29
Dec
X150
8
145%
25%
Jan
293A
Apr
51
Sep
Jan
56
Dec
Mar
May 10
Jan
24
9
146% Feb
5
76% Apr 29
12% Feb
4
34% Feb
2
134
32% Mar 13
43
111
29
26
Feb
19
1
28 3/4
113
Mar 18
Jan
29
122%
24%
154
Apr
59 % Jan
75%
:
"9
5% Aug
18%
118
253/8
Feb
4
27%
Feb
4
7
108%
Jan
Dec
30%
Jan
125
Sep
Sep
Apr
15
45
Jan
2
75% May
1
33
5
52
4
5
/ 30% Jan
41
4
11% May
Jan
25
75
28
.
40% Jan
3
25
15
2
27
No par
100
83
Mar 13
Feb 25-
105 % Mar 15
29
16
17
Feb 25
Deo
Dec
Dec
49% Nov
Jan
47% May
40 Va
34% Aug
Dec
33 Va
Dec
57%
Jun
7% Mar
163/s
Jun
22
Aug
34%
Jan
.
■
16% Jan
Apr
6
3
Jan 14
Jan
3
May 10
50 % Jan
41% Mar 15
Oct
28
39% Mar
Apr
40 3A Feb
,
Oct
Dec
,114 /
;
34% Apr 20
30
Oct
Nov
28
Dec
16% Jan
Oct
Oct
37%
Apr
A 423/4 Jan
>37% Jan 11
Nov
99 Va
2
26
'
102
Mar 25
May
71
20% May 6
129% Jan 30
♦
Sep
51% Nov
Jan
593A May 10
165 J® Jan
9
Feb
NOV
87%
Apr 10
28
Mar
Nov
Nov
52% Nov
Jan
25
60
24'
112
124
Dev
Oct
8
106
23
Dec
343A
283A Mar
53
3
*
108%
99 Vb Aug
30%
2
7
43% Dec
25% Jan
24
18% Mar 13
A
Highest
I per share
t per share
Jan
Jan
Feb
Dec
Nov
993/4 Jan
35
7%
28% Jan 10
.
4
43% Jan
partic preferred
Corp-Seagr's Ltd
preferred
39
Jan
203/8
46% Jan
5
Mar
—No par
Diamond T Motor Car Oo
Distil
Jan
3%
Oct
49%
115
7
26
Dec
6
1103A Feb
42% Mar 13
Feb 25
10
Jan
13
71,
Jan
150
Apr 12
54% Feb 16
109
363/4 May
Dec
6
s
199
40% Apr 12
3
107
115
Dec
108
;
62
48% May 6
Feb 27
preferred——100
$7
9
110% Mar 21
107% Apr 25
38% Oct
Jun
Lowest
Highest
f per share
common——23
-
1013/4 Aug
58% Jan
Range for Previous
Year 1945
1
Lowest
preferred A.^-^^-:u^.lOO
Corp (The)
2
Crosley Corp (The) —
No par
Crown Cork & Se&l————-No par
$2 preferred
No par
Crown Zellerbach Corp
9
$4.20 preferred
No par
$4 2nd preferred
——No par
Crucible Steel of Amer
No par
64% Oct
182% Jan
143/4 Apr
5% Mar 14
26% Dec
30
<)
Mar 30
Range Since January
3%
16% Aug
52% Mar
67% Jan 21'
383/a Jan 11
109% Mar 15
6
33% Feb 20
105% Feb
Par
Crane Co
Dec
47%
12%
Jan
56
;;;A:#';'AMas;AV. STOCKS A
Cream of Wheat
28%
19
1
Corp
AAA:
Jan
23% Feb 16
3
Apr 24
Jan 14. A 60
273/a Jan 18
May 4
10% Feb 26
Internat"
Oct
17% Jan
52% Mar 12
23
x38
383/4
43
36%
42%
293/4
39
49%
46
42%
*45%
*383/s
45»/4
*74%
78
36%
•
39%
>"443/4
A 49%
*38
51
38%
V"
39%
39% *39%
■
50%
,.
•111%
Dec
25%
17 Va Aug
Apr
500
116%
109% Jan
8
2,000
Jan
Dec
15% Aug
H Jan
10% Feb
36
Feb
17
V
4
53% Sep
39
110
8
Oushman's Sons Inc 71»
253/4
Dec
Jan
Jan
900
Oct
28
47
Apr
12,300
413/4
Dec
53
4
32% Feb 26
37
Oct
Nov
26
Apr 22
77% Apr 22
38% Apr
9
6% Jan
73
27,800
27%
25%
112%
112%
•112V4 112% 'v
112%
31
■
27%
25%
25
25%
Mar
107%
38
36
38% Feb 26
136
2,300
27
*263/4
28
2
7
No par
No par
—1
'
27
*25%
26
32
Jan
;
9
4% Feb
132
Feb
2
Feb
47
41
401%
Jan
42% Jan
Dec
Nov
84
28 3/4 May 10
2
31
Nov
11%
110 %
Apr 10
59% Apr
120
19% Mar 15
123
50
Jan
4% Jan
106% Apr 10
5
23/4 Jan
Mar
90%
A
Apr 22
35% Apr
9
Feb 19
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
140
A 41
140 <;
10
106% Feb 20
7
160
90
76
73/8
213/4
24
48
preferred
——-100
Cudahy Packing Co———^.—^—30
4%% preferred———L——100
Cuneo Press Inc
8
138
138
28
Jan
26
9,800
593/4;
.
A
24% Feb
Nov
6
7%
,
300
73/8
40
40 3A
*■•-_-•■
Jan
14
23
Cuban-American Sugar
2,400
1,000
18,800
22
♦135
139
*134
•
40%
393/4
A
21%
350
1043/a
22 y8
102% Jan
5,600
,
603/4/ 71
138
-7i/a
7%:
22%
.500
25%
55
•
4
V 7 Va
A 20%
4,300
38%
1033/4
663/4
138
140
140
76%
76%
;
48
\i-Sl." A 57%
56 '
*62%
/ 22
100
113%
*165
56
57
290
25
55%
533/4
*1033/4 1043/s
54%
1043/8
57
7,100
143
*37%
*165
*1031/4
37 3/8
107'/a 107 %
47
25,
24%
300
113%
38%
*37%
2,900
46
113%
*113
25%
663/4
142
/- A
"45%
,
.37%
573/4
563/4
*62
21%
20%
45%
112%'
*165
«
142% 143%
144%
25
25
53%
51%
*103% 1043/a
1
57
*6i
;
213/4
*143
•24%
37%
*165
*103%
68
371/4
363/4
•165
58
45%
112%
44%
.
38
50%
57
46
*112% 113
112%
112%
x
100
531/4
•138
.»•••
500
51%
363/4
37%
108
137
37
-
*60
363/4
37
108
143
200
34
•53
53
108
104%
/
*103
53
7,500
:
47
111% Apr
4
Jun
50%
343/4 May
112% May
Shares
33
50%
50% ^ 50%;
108
t
'
-
51
53%
Jan
EXCHANGE
46
*31%
109
Jun
46%
Mar
31
29
3
NEW YORK STOCK
110
33
34
♦134
24%
24%
*31%
109
39 Va
*165
45%
*108%
Jan
20
46%
28% Jan
253/4 Jan
pfd
100
Pow $4.50 pfd
No par
6%
Sales for
k
Feb
9% Jan
Jan
31
47
j
40% Feb 26
x40
"28
115
17% Jan
the Week
JS per share
33
141
•
39
*32%
*108
45%
A 113
113
50%
•53
35%
53%
361/4
33
*130
141
.45
.50% '
53%
353/8
36
31
32
-
♦108% 110
108%
31
•321/a
32%
49
54%
35
353/4
353/4
108% 108%
*132
493/4
*52%
v
53%
53%
45%
45
107%
'
*32
May 9
per'share,
A 44
45
"
9
8 per share
453/4
*107%
44
1073/4
*1071/4
*1071/4 108%;
Friday
May 10
Thursday
May 6
$ per share
t per share
PRICES
Wednesday
May 7
May 6.
May 4,
$ per share
SALE
HIGH
Tuesday
14
Jan 14
9
Coty
4,600
6%
;
LOW AND
Monday
Saturday
14
Jan
38
17
3.600
13%
6
A
<10,100
140
50% Jun
Jan
39
33% Jan
3% %
'
*Jan
39
Corning Glass Works common
60
v
18% Deo
52% Apr
1,370
10
4.600
200% 201
13
-
6 %
59%
Noy
6
7.300
3,400
107%
♦107
14
.
23% May
61
30
AAA
233/4 Jan 29
24% Feb 18
6
16% Feb 26
42% Jan 18
Cooper-Bessemer Corp
No par
$3 prior preferred.———.No par
Copper weld Steel Co
8
Conv pref 5%
series
60
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
58%
Aug
6
23
Dec
110
A
.
1.000
23%
60%
60y2
35%
107%
59-
v
200%
6%,
6
6%
60%
♦107
'
'
Dec
50 3A
17
1073/4 Feb 25
35
22
18%
1.200
'"
19%
183/4
19
107%
1•107
•
55
58%
18%
/A J2% '13%
13
■
•
6%
*543/4
55
61
201
•
Kl2%-
Si5 A A;
25 y«
35s/a
:
c13%
13
253/4
35%
■
'•
22
60
107%
7,000
47%
21%
61
••
No par
Y
.
5.200
1,800
47
35% '"'-A
60%'
No par
No par
—5
20
No par
$5.50 preferred
No par
! Continental Can Inc
20
$3.75 preferred
No par
Continental Diamond Fibre
0
Continental Insurance
10
Continental Motors
1
Continental Oil of Pel—,,—.,—8'
16.100
21
—No par
Continental Baking Co
11.400
56
47%
60%
•107
19%
203/4
35%
107%
18 '/a
47%
35%
•107
1073%
a,
20%
60
'
!
14%
56
18 3A
22%
35%
60%
35
■■*57 ■'
21%
59%
22%
V;
'■■
*553/4
18%'
21% A22'% OA':
21%
15 »/4
No par
Container Corp of America
112'/a
143/a
55%
:
'47%
•54
18%
18%
14%
14%
'
48%
1121/s
*543/4
54%
/*57 •'
*110%
18
|a/ 20%
25
54%
112%
56
46
20%
25
♦110%
Dec
106
116% Jan
9
Jan
Consumers
100
A 47%
♦110%
473/4
49
Oct
34% Jan
4
47
Consol RR of Cuba
5.400
.171/4
108
*107%
Feb
31%
101%
Consolidated Vultee Aircraft——!
5,000
fi.
47 Va
15%
;
I
473A
56%
:18%
18
16%
17%!
Nov
Laundries Corp.^————5
Consolidated Natural Gas
19
290
113
51%
Oct
72
$5 preferred——————No par
3,500
493/4
Dec
183
Consol
14.100
371/4
*112%
46%
14%
25%
363/4
r
50
108
•105
108
243/4
A
'
113%
*110%
14%
17
173/8
17
108
*56%
15%
15%
A/ 56 * A 56%
♦20%
17 %
17
'
18
;
108
•107
47
453/„
*10?
108%
A 44%V45%
*110% 113%
108
37
112% 112%
49%
49%
50
16%
"16% :-j n%
•107
35%
'
Oct
155
16
May 10
May 6
24
112
$4.25 cum pfd w w—No pat
a'a1
;AA; ' /•
,/"■
.1
Consol Edison of N
3.200
52
22
Sep
53%
Jan
Feb
56
36% Mar 15
No par
Consol Coppermlnes Corp
2,000
50%
543/4 Apr
2
Feb
100
1,900
20%
1083/4
1st preferred
2nd preferred
Congoleum-Nalrn Inc
20.300
20%
20%
48%
34%
108%
50
A
34%
21
20%
50%
35
non-cum
Consolidated Cigar.
9.100
20
50
•37%
9%
21
50
113 ■'
8%
20%
20%
50%
9
108%
Nov
413/4
May
59% Deo.
11
11
24 % May
lOo
Southern
Conde Nast Pub Inc
500
8%
109
Jun
59
130
Feb
Jan
Apr
100
Apr
108% Mar 18
Apr *26
45% Jan
new—No par
20
preferred-
conv
&
$6 preferred series——No par
Commonwealth Edison CO——29
2.500
53
x34%
353/8
109
20%
36%
37
(
35%
140
Oct
110%
Nov
93% Jan
53% Jan
34% Jan
9
.May
20% May
A
600
71%
51%
20%
109
50
♦112%
711/4
37
51%.
5*
Apr
67,
Feb~26
Commonwealth A Southern—No par
15,200
20%
109
109
.
3.900
37
•50%
9%
35%
9
35%
34%
4%
35%
60% Jan
23
16
Commercial Solvents
63.900
'
35%
?!•;.;
4
200
112
$3.60 preferred
134.100
71%
37
51
283/4
126% 127
35%
•70
37
51
119%
280
AA/A/A
18
Dec
683A Nov
Jan
106 3/4
5
441/2 Feb
,162
Commercial Credit—.———10
5.000
,27 'A
Apr
44
16
58% Apr 25
;
2
May
•
-A-'
54%
*119
106
3
26
99
700
101
53%
126% 127 y*
35%
323/4
32
101
263/4
A 4%
4
71%
•70
36%
51%
f
119%
26%
35%
*50%
'
8%
A
127
35%
35%
•119
4y8
4
4%
"
32
104%
46
Apr
108% Mar
3
56% Feb 19
104
4.000
800
'•
72
2
25
A
Columbia Pictures new
110V4
•
115
178% Jan 11
Columbian Carbon Co. (new)-No par
58,200
46
•■
1093/4 Jan
■50% Feb
50
1.600
123/8
54%
53%
27%
26 y8
26%
25
25%
4%
:
:
(
*98% 101
:
119%
119
119%
119%
118%
24«/a
.
4%
4
45
32
•v
,
May
152% Jan
2,900
3.700
42
*1033A
45'
4%
530
41%
110
104;
45
32%
i 101%
*100
104
100%
-r
110%
*110
*-*■45 *•; *-
443A
30
•44%
30
*45" '■;'
110
104%
110
105 Va
110%
12%
110 y*
Dec
105
333/4 Apr
100
4% non-cum
100
Columbia Br'd Sys Inc cl A
2.60
dass B——————2.50
Columbia Gas 9s Elen
Wo par
6% preferred series A—
100
5% preferred
—
100
11%
41
'11%
40%
990
*
41%
41%
"40%
cum
Colorado
41 Va
40%
5%
710
.
Nov
72%
205
10
-100
preferred
conv
Colo Fuel & Iron Corp
4,700
25
23%
24
40%
'
;
*
5%
36.300
17%
20%
27%
17%
21
Collins & Alkman
30
20%-
'
17
16%
16%
26%
:
4.600
114%
*113
113
113
110
56
55%
55%
54
Jun
25
Feb
113% Jan
42%
105
Jan
Jan
Jan
26
No par
No par
No par
Oolgate-Palmolive-Peet
$3.50 preferred
4,100
53%
106%
53%
106%
54
Jan
89
110% Apr
57% Jan
Jan
Dec
68% Dec
170
8
62
30
Jan
Coca-Cola International Corp No par
■
v-
'
106%
*53
*1053/4
106%
*53
*1300
*1300
523/8 *••*53: •/
♦105'A
20%
23
23
24 Va
*23
;
*1300
114%
570
67
66%
Aug
Jan
93
Feb 27
Jan
Coca-Cola Oo (The)———No par
Class A—————....
No par
100
*183% 186%
,
67
58
20%
98
108
No par
No par
—100
Preferred
168
*163
189
*66
27
20%
21V*
*183%
66%
25
,16%
20%
16
17
'
,20%
188
53%
*113
H4Va
♦1123/4
114%
*1123/4
1.300
,
42%. Jan
.49
205
99% Jan
Deo
5
2
K
140%
37% May 10
71% Jan 18
108% Mar
9
26
2
50
Jan
Nov
May 10
Jan
50
gtd
7%
Special gtd 4% stock
Molybdenum
duett Peabody & Co
Climax
9,500
55%
168
523/a
106
53
54
53
35%
55
*163
66;;
Iv'Z
105%
;
34%
55%
22
6
Jan
48
31
38
Apr 20
101% May 2
May
104
Jan
1
105
100
preferred
Clev & Pitts RR Co
'lO
60
*57%
34%
34%
•55
168
66%
51%
106
*105%
106
107%
106
*180%
186
*1300
535/a
52%
53%
•105
*106%
*103
60
*163
*163
•1300
*1300
53
*57%
5%
140
16. ■' Dec
29%
30
Feb
190
No par
(The)
1
Dec
X23
Jan
91%
Jan
100
Clev Oraph Bronze Co
600
70
8 /
141
19% Feb 26
Feb
May
Jari
4%
A 37% Apr 24 i
58% Apr ; 9
3
59
16
100
Co.
preferred...
Clev El Ilium $4.50 pfd
70
112%
106%
*103
57%
5%
105
106%
106
57%
.
Equipment
15% Jan
4
8
A 53
4
68% Jan
..153/4 May
102 % Apr
% 27:Dec
2
Apr
Jan
114>
28% Jan
.
——,_100
5
-No par
preferred-.-.
Stores
O. C. O. & St. Louis Ry.
106
*67%
108
168
*103
A
190
106
*103
*187
112
106
*163
190
*187
112
*106%
,
Clark
169
*103
,
1,000
67%
108
55%
64%
*110%
106
£ 34%
63%
64
70
*106%
60
City
111
•103
*57%
8.100
*69
106
60
37%
111
108
5 '/2 %
160
37
♦104%
69%
*103
12,200
105%
37
105%
,
112%
69%
♦106%
*57%
36
99
21
21%
21
35%;
35
64
64%
*64
65%
,
.
♦187
35
♦104%
105%
*104%
106
33%
33%
33
33%
33%
*104%
105
No par
C I T Financial Corp
City Ice & Puel—No par
City Investing Co
,__No par
——A——-5
80
19
16%
16%
16%
15%
104%
32%
Highest
9-per share
15
313/4 May 7
483/4 Feb 25
1
tper share
23
113% Mar 15
Cincinnati Milling
2,100
35% / 35%
33%
33
33%*
;/
26% Jan
26
Marl3
6% Apr
1
A 41% Mar 15
117% Feb 26
pfd 4% series__100 A
Machine Co—10
Clnn Q & E Co
54% 1 54%
;
3
114
►112
4,300
7,800
32%
•
Cab———No par
Oil
10 /
No par A
Chile Copper Co
25
Chrysler Corp
5
Lowest
I per share
A Chicago Yellow
180
53
131%
127%
128%
114
♦112
$ per share
Par
Highest
A Chlckasha Cotton
IChilds Co
8,400
9%
53 S,
53 //
/'
127
129
112%
Lowest
600
A
.^.'21
•
9
Year 1945
Range Since January 1
500
A
22
2i,
9%
9
10 Va
* 112
Range for Previous
Shares
share
•21
'
22%
20%
125%
.
LI14 A/,
31%, 33%
114
32%
•112
114
•112
22%
21%
I
52
,126%
123
•112
•
M NEW YORK- STOC*:A:fe-A:
;
EXCHANGE A 1 /^A ;
Sales for
the Week
t per
22%
9%
"'.'>■ 1
v
vf :v.t
•
.
•
*20%
%
10%
50
.
126%
125
££?$
21%
9%
May 8
per share
4
<) •"■*
STOCKS
Friday
-Thursday
*/**;/ May 9
4 per share
-v
22%
•20%
/•vfl0-v^'10%
*48% : 50
123,
125
10%
,
*22
22%
20%
22%
•20% I 21V4
,V 10
share;
«"t per
$ per share
♦22
9 per share
.
a
:
:
May 10
Wednesday
r
May I s;
May 8
;»i »/?
HIGH SALE PRICES
Tuesday
*"n\
:•'( -Monday
.
Monday, May 13, 194$
& FINANCIAL, CHRONICLE
THE COMMERCIAL
2592
21
Jan
25 Va
77
67
Jan
75
Dec
Sep
29 Va
Dec
28
>
39% May
56 V2 Apr
493/4Apr
34% Jan
9
25%
Dec
4
15
33
Aug
40%
J*a
14
16&
45 Va
NOV
48
Nov
35 '
111% May
9
38
Jan
109% Feb
5
105
Jan
^
Deo
98
Dec
10§
Volume
dumber.4489
163'
f HE
COMMERCIAL^
NEW YORK STOCK RECORD
>..
t
Saturday
v
LOW AND
i
/'Monday*
-
May 4
Sper share
50%
*41
I per share
50%
7v58%
\
'
50
58% >
42%
*29%
58%
42Va
"
29»/a
v
29%
23%
25%
*173
25%
'
*35%
*205
34'
207
58'/a
23%
..
.
-87%
-
*173
115
26%
,
34%
35%
"
34
126
126
114
7
58%
30%
30%
24%
.
90
-35%
*35%
26%
25%
206
121 y8
50%
*242
203
X60
%
37%
30%
23%
7; 23%
92
36%
22
*105%
38%
103%
60%
62
39%
*109
62
39%
*109
1 48%^ 50%
61%
62
39%
111
39%
i^4T.^348-^
11%
74
75%
73%
71
31%
30%
31
,
,
;
5%
..
•
25%
6
5%
26%
170
*156
159
7
51%
'56%
169%
6
56%
27%
154
22%
22%
36%
36%
96
106
*105%
104.
104%
*106
<
107
*105%
107
22%
,
38
38%
•105%
38%
106%
38%
38 V*
38
104%
37%
38%
103%
*104
104%
105%
105 %
104
105%
*105
106
106%
107-
*107
108
108
3%
3%
3%
17%
16%
16%
77%
77%
77
77%
77
77%
77%
*105%
77%
'■
93
*92
17%
3%
16
3%
16%
3%
93
17%
54%
53
73%
74%
75 2
28%
28
28%
27%
28%
27%:. 27%
14%
14%
15
14%
14%
14%
"i 23%
24
24
24
•23%
24%
*109%
110
'
109%
*
*109%
109%
49
33%
17%
75
105
33%
17%
33%
17%
33%
.
49%
34
18%
78
105
13%
80
X75
*24
14%
24%
109%
26
2A
Apr 23
6
132
Jan
8
125%
Jan
4
116% Feb
5
113
Oct
126
114
i May
Jan
155
Jan
50
*49%
34
34
i33%
17%
18%
84
29
29%
60%
60%
61%
72%
74%
•108% 110
76%
110
.
63%
63%
62%
63
43%
44%
45%
*111
-•53%
54%
•53%
18%
18%
18%
•55
;«'29
113%
18
63%
76%
*108%
f\ 64
110
64
44%
:
31%
108%
v
^
Dec
59 %
Dec
107%
Apr
34%
ti
NOV
63%
77
110
64 %
45%
46
113%
'
65
45%
v
113
1133/4
54%
54%
55
•54
54%
54%:
54%
18%:
18%
18%
18
18%
18
183/4
56%
55%
55%
*55
56%
*54
113%
;
16%
♦113
18%
105%
61%
42%
Dec
"32ya Nov
84%
4*105
77
*108%
,
Oct
42%
33%
18%
Dec
110%
50
i'82%
29%
28%
;
Dec
26 %
*
81%
105 %
29%
v
Nov
20%
v
Nov
36%
>
24%
110110
*49
65
r
•24
110
105
28%
75%: "76%
27%
28
14%
15%
75%
105% 105%
29%
29
•
33%
77
18%
75
105
75%
105
49
49 V*
110
64%
1133/4
H 55
..'.V -V;r
16%
16%
102 V -102 t!
17%
§16%*;18
101%: 103:
100%? 101%
fe*
7 "i?! *
67
17%
19%
97
97
41%
43'
26%
28%
26%
29
180
*163
57%
58
42%
43%
LOW AND
Monday/
May 6
Saturday
May 4
$ per share
I per share
'
HIGH SALE PRICES
Wednesday
Tuesday
|
May 7
'
t per share
May 8
t per share
STOCKS
riiivisdaf
•
$ per share
Sales for
Friday
May 9
t per.share
Shares
12'/8
tper shaft
12%
9%
11%
20%
*20%
*23 %
24 Vi
•22
23
Gamewell
24%
243A
24%
25
Gardner-Denver
14%
15
14%
15%
Gar Wood
60
60
60
61
58%
57%
58
114
115
18%
*106%; 109
66%
,
123/4
Gabriel Co
10
Gair Co
21%
/
109
66%
123/4
12%
(The)
Inc
Co
ho
(The)
conv
18%
*106%
67%
i
12%
19%
Gen
109
712%
Amer
Gen
13
Transportation
Baking
preferred
25%
25%
25%
General Bronze Corp—
13%
i
1
General
Amer
14%
14
14%
13%
14%
General Cable Corp
51'A
156%
51%
155
523/b
*44%
45%
44'A.
*132
117%
53%
44%
,7
132%
*116
:
178%
26% 7 26%
26%
45
71%
Dec
Dec
83A
Jan
14%
1603/s
Jan
185 %
Dec
17 Va
Jan
27%
Dec
15
Dec
6
Mar
19
Jan
114%
Jan
27 % Mar
153
Oct
General Electric* Co——.-No par
37%
Jan
40
Feb
49%
General
,
70%
72%
*129 <129%
129 %
27
v/
26%
263A
Mills
—No par
common
General Motors Corp
$5
Gen
Gen
Aug
Oct
Jan
No
par
125
May
Outdoor Adv
common—No
par
10
Jan
No par
225/a
Jan
10c
l7/8
Jan
Equip Corp
Utilities
/
Corp
General Shoe Corp_.
121
1143/4
62
preferred
Public
431/4 Aug
127
__10
General Refractories-^
xl 19%
par
preferred -i——100
3%% conv preferred
.100
Gen Public Service
21
No
5%
Gen Precision
5y8
Dec
61%
General Foods Corp
48%
361/b
2600
Dec
109 %
553/4
Railway Signal
8% preferred
Gen Realty & Utilities
page
24'A
Apr
46%
Gen
see
Jan
Jan
54%
117%
329%
/
49
453A
543/4
*115%
129 %
5y8,
,
,7117%
*128%
203A
*176
1321/4
70
Class. A———No: par
cum preferred
100
No par
1% preferred----*^--—100
General Cigar Inc
132%
721/4
1043/4
7%
.
132%
71s/8
34%
51
52%
155% 156
; ,45%:7 46%
133
*116
52%
$8
37 :
176% 177
52%
200
•198
157
36%'
36%
175% 176
.7; 45
200
12%
—100
5
5
No par
9
No par
Investors—-
$4.50 preferred
68 %
67% '
24%
36
1
:_50
preferred
200
50%
par
No par
Co
Industries Inc
200
24%
155%
1
;
24%
•198
Highest
tper share
1
common
(Robert)
Year 1945
t per share
preferred-»u.i~/-/^--,.--/,/-20
4'/2 %
19
•106%
67%
6%
$ per share
Lowest
Gay lord Container Corp
—
8
5%% conv preferred—.——-50
114%
18%
18%
Range for Previous/
Range Since January 1
Lowest
Highest
EXCHANGE
9%
9%
'
NEW YORK STOCK
the Week
May 10
20%
footnote
181% Feb
10%
43 %
For
20% Aug
2
56 %
43%
115
42% May 10
Jan
'
54%
64
*57%
Dec
30
Mar
30%
73%
12 %
Apr
12
18%
"59%
14%
.
111%
92
92
17%
30%
27%
103
Apr 12
41% May 10
76%
9%
•66%
116
17%
76%
55%
H6%
8
24% Mar 12
3%
16%
52%
*102
108 % Feb
27
38%
17'A
i 56%
17
Mar
106%
30
•55
Jan
33% Jan
23% Mar 14 7*
65
108
107
107
3%
113%
110%
106%
16%
•111
7
104
104'A
*105
3%
76%
116% Feb
98
16%
61%
Jan
113'A Mar 12
22% Jan
24%
39%
92%
106%
76
122%
52
92%
3%
61%
18
108% Mar 25
56% ; 57
33
16%
•108% 110
184% Apr
,
156%
51%
57
33'A
106%
29%
'
-
170%
91'A
3%
28%
.
29
26
Dec
28%
1G9%
22%
16%
.
6
Apr
143% Feb
86
6
Jan
6V4
6
28
170%
91%
105'A
76
100
29% Feb
18
32%
32%
37%
17%
pld
123% May
4
.
74%
22%
103 %
105%
-No par
1st
31% Apr
'Dec
56
'
11%
73%
31%
*153% 156
52
52%;
,
51%
57
16
75%
(E I)
No par
& Co
20
3
Mar
112 %
11%
93
105%
•17%
Du P de Nemours
i
25
47
50
49%
*110%
;
32%
104%
105
International
48
;
39%
22%
106
110%
49 «A
49%
*33%. 34%
100
conv
50c
7
Mar 19
6
Highest
S per share
17% Mar
110
22%
*109%
preferred
3% %
32
*90%
r
No par
10.200
47%
111% 111%
27%
169
104%
17%
"v 59% May
40% Apr
Jan
24
62
39%
*109
110
11%
104%
*91%
Mar 28
Apr
203
38%
*101%
3%
52
52
58%
*209
U3A
39 «A
26fc&
Feb
t per share
126%
57
,
201
111%
106%
$4 preferred series A
Dresser Industries
•
$4.50 preferred
201
11%
104
200
Duquesne Light 8*
205
*110%
92
No par
common—No par
115
.123
58%
11%
32%
$per share
25% 726%
125
111%
22%
32
Highest
««.;•
I per share
39
Year 1946
Lowest
250
56%
*90
No par
Douglas Aircraft
127
250
60%
159%
52%
•
.
210'/a
'
.56%
Dome Mines Ltd
Dow Chemical Co
114 »/4
247
173%
*158
52%
S
Corp
*126%
247
110
5%
26%
2.600
Doehler-Jarvls
No par
<
Duplan Corp
248
31
*73
par
No par
Co
42%
26%
fat
400
117-
•202
75%
4.800
t
92
208
Ranre for Previous
Range Since January 1
.V!
Lowest
A
Pepper
41%
*110%
11%
74
24
Dr.
401/4
49%
\
200
4.000
26% - 27
*108% 111,
208%
25%
•
Dunhiil
127
115
-ft
'
41%
127
115
57%
Class
-
common.M.^.No
Dixie Cup Co
39
48%
5%
26%
;
-'V.-
STOCK
<
710
-
176
•115 '
YORK
EXCHANGE
39
36%
205%
•
v
91%
174
247
203
110
30'A
•26% <26%
*108% 111
122%
53
30%
116%
122 %
49%
248
41%
*114%
209%
-'59
59
41
178
36
1.000
53
58%
*173
26%
121V4
-90'-'
-
*127
128%
*114% 115
;
114% 115
49%
23%
-
36%
36
.
25%
30%
00%
*49%
NEW
■;■■■
Shares
42
*41
178
*114% 116%
26%
26% 1
*108% 111
Sales for
the Week
$ per share
49
58%
-
177
»
114%
119 lA
49
42
24
•
203% 208%
126% 126%
114%
50'/a
'
90
177
36
$ per share
58
26y4
27
*108% 111
v-
May 10
*41 Va-
24
-
-
114%
203% 205
126% 127
*114
114%
42%
30%
Friday
May 9
*49
v
59^4
29%,
v
»
50%
*41 Va'
178%
*108% 111
; 34%
35
35%
*34%
-
*114%
*108% 111
35%
23%r
V 86%^86%1
86%
178
*114%: 115
25%
50
58
24%
86%
178
$ per share
50
fety/v- STOCKS
Thursday
$ per share
JMay 7
:
:J:
*41'
•
29%
23%
•*>.
PRICES
Wednesday
May 8
Tuesday
.
May 6
HIGH SALE
Gen Steel Cast $6 preferred
5
No
par
mo
10c
No
par
1
No pat
38'A Nov
145 %
36
172
Oct
; Oct
May
49% Sep
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
AND
LOW
5
Saturday
Tuesday,
Monday
.May 7
May 6
May 4
$ per
$ per share
/
•
Friday
i t per share ]
per share ?;■' " $ per share> /
42%
43%
..-42%' 43% /
42%
43
43
43
43
43
' .'s 43% .43%
.
share
42%
42%
42%
42%
43%
*109%
110
r
37%
*104
107
69%
67%
67%,
:
43
45%"
*57
1
110%
110%
39%
397/a
108%
73
"
46%
46%
47
*57%
73%
t.
100
'
42
79%
103%
72%
72%
39%
39%
10%
11%
10%
11%
9%
9%
9%
9%
,
109% Apr 26
2214
103
3914
103
36%
54
$5
convertible
*
1,800
21%
46 ji
21%
36%
38
44
•
,
.49
100
10
No par
Aubo
.—No par
preferred—No par
;
21%
39
i*108'
109
10% ^Jan
6%; Jan
30% Mar
3
./
3%%
100
,
5,400
.
4
58% Jan
3
107 i Mar 22
Graham-Paige Motors—>
Granby Consol M SAP—
,—8
—No par
,
preferred
Great Nor Iron Ore Prop
.
>
—No par
Co,
Grant (W T)
*
8
100'
4
5
19% Jan
3
29% Feb 26
108
8
17
No par
Apr
Jan
3
12,400
Great Northern Ry 6% pfd—No par
54% Feb 26
2,500
Great Western Sugar—No par
30
Preferred
V
1,000
172
65
77
Greyhound Corp (The)
30,500
preferred
Orumman Aircraft Corp
fto par
100
414%
•
—
.
100
Green Bay & West RR——100
Green (H L) fio Inc—.
1
120
;
12,500
2,400 1
,
Guantanamo1 Sugar common
/
Feb 27
Jan
Mar
14
7
Feb 25
30% Feb 26
108% Jan 14
42
Feb 25
1
10% Feb 25
$5 conv preferred —No par
2,400
Gull Mobile & Ghio RR
No par
600 > •
85 preferred——No pa*
91% Feb 26
22% Apr 26
65
Apr 26
57% Feb 26
280
,
•
-
»
-6,700
*39%
Gulf Oil Cprp
8*
46% Apr 17
111
Feb
4
5214. May 10r
118
9
Jan
42% Apr 18.
107
7314
106
477/a
Apr 23
;■■■
J per share
44% Nov
25% Mar
38% Dec
Mar
27% Aug
105% Nov
; 26
v
107
111
46
Jan
Jun
59
107
26 % Deo
105% Deo
Mar
May 10
Mar
77
96
-Apr
6
10
104% Dec
39
Oct
57
>
147% July
25% Feb
53
•,
165%
40
July
102
Apr
48
July
105 % Mar
;
3
107% May
115
Feb
18
V12% Mar
39
Jan 30:
1214 Jan 19
54% May 10
27% Feb
8
39% Apr 10
16
Feb 18
112
21
Feb
4
63% Jan 16
34% Jan 28
188% Apr 17
79
Feb
5
92% Apr 22
47% May 10
Apr
5
52% Apr 4
111
5%
4%
Jan
14%
25%
Jan 25
30% Jan 28}
78% Jatt 28'
76% Apr 27
Jan
>■
Sep
Sep
52
Jan
,86,
% Jan 1
114
*113
*107
Jan
49% Jan
61% Deo
28% Jan
5% Mar
82
Oct
14% Mar
; 58
X29%
*156
52%
14%;
*14
—
53
43%
14
*14%
14%
14%
*100%
102%
14%
*99
100%
18
18%
17%
18%
17%
12%
12%
12%
12%
12
100
101
104%
'
165% 172%
*41%
167
42
107
•
172
174%
*82
41%
16% Dec
12%
14
83
65%
*137%
139
138
July
103
103
90
NOV
141 /
141
138
100
140
140
-
100
140 %
38%
'
39
-•
39%
39
39 4
39
*36
37%
*36
*69
66%
Deo
40%
33%
Nov
37
32% Dec
71
-
30
32%
29
33
:
:
22
v
60%
61
31%
31%
107%
*106%
107%
*91%
106%
63
92%
27 %
267/8.
27%
46
47
46%
47%
8%
8%
92%
*18 %
v
t per share
,
8%
.
Tuesday
Wednesday
May 7V:0''y:: //'/ May 8 > /
t per share
41%
100
*98
•31'A
11%
rl/64
■M7%
44
*
■
106 %
3'a
1 "
•
11%
32%
12 "■
31%
31'/a
31%
/
45%
106 %
*106%
.140
/
140
17%
18%
141
142
*175-'
>
120 L 124%
I
17%
17%
46 Vi
45
46
*106% 107
*140
141%
180
*175
it
*175 >180
180
125% 125%
1/64
106 %
,:
107
.
•121-V 123%
180
126%
123%
•'43
19%
20
19%
19%
11%
11%
11V4
11%
.19%
*11
51%
51% ' -• 51%' 51V*
*109% 111
—*109% 111
224
224
89%
/
13%
8%
37%
*138
89Vj>
33%
97 Va
199%
14 Va
>34%
34%
*96%
"91%
13%
13%
34%
225
199%
199 ;■>:
199
34%
225
91%
34%
'
97%
-
8%
8V4 '
•v
37%
139 V2
36%
8%
37%
139
139
97
•
36 y4
37%
,
145
49%
49%
48%
49%
48%
123%
121%
123%
121 Va
•
*118%
*65
46%
*200
*142
24%
*24%
*45 %
*28%
25%
25
121
119
70
25 %
*64
46%
220 i
175
69%
46%*207
24
Va
24%
*45
29%.
28%
46
*155
For
footnote
see
4fa*,a
page
*142
24%
24%
46
28%
46
—
2600.
46%:
:
10%
10%
16%
16%
17%
228%
>v97%
8%
*140
' /
121%/-;/
39
145
48%
120
.••*64 >'
46%
46%
*207
21T
*142
196%~~T *142
-
*207
25%
25%
26%
25
25
46%
45%
47
47
47%
291/a
*28%
?8%
28%
28%
46
*152
■:
46
156
>
24%
45%
-v
*152
*65%
145
51%
127 Va
26 Vz
121
70
'
46%
217
45%
'
121
69
24%
*28
26
26%
121
196%
25%
25'/a
50%
127
26 %
24 %
.
*140
50%
124%
26
26
-
8%
.
124%
-
109%
92 y4
95
199
199
13%
13%
34%
34%
96
69
46 Va
11%
52
10%
'38*,
'
50'/a
>*64
215
'
124%./-:
..
121
69
46%
:
145
.
25%-
120
215
/
8%
48%
123
*64
215
,
37% : 38%
120
175
>
*142
24%
25
45%
121
25
'
97%
*139
51%
44;.
20Va
109%
10%
227
35 Va
8V4
123%
-26%
25
226 % 228
92
92%
198
199%
13%
14
34%
49%
123%
16%
*96./"
8%
*139
10%/
,
97
8%
r
16%
10%
16%
*96
Shares
100'
*17%\ 18
44 Va
45%'
44
108 %
'
31%
31
rl/64-
1
17%
.143
143
*175
•98%
31%
11%
11%
31%
'
8 per share
73%
98%
31%
11%
.31%
the Week
May 10
S per share
$ per share
Sales for
Friday
.
377/e
98%
•
32
Thursday
May 9
42
33%
*72%
i /
STOCKS
!
;
,
I per share
Jun
Dec
May
9% Dec
36%
34
LOW. AND HIGH SALE PRICES
Monday
May 6
Dec
Dec
,
29
8%
May 4
8 %
54
42%
28%
Nov
23%; Dec
23%
1
.21
41%
Nov
29% Dec
,109% July
87%
91%
26%.
Saturday
2514 Dec
:
32%
22%
NOV
NOV
60% Jun
61%
:
26%
35
"46%
22%
60%
31%
63%-Nov
-33%
45%
.
*36%
29%
32%
45%" 46%
39
•
Dec
32
7.38% ' 39%
37%
71
*68
*29
V
35%
65%
1371/4
*38%
22
189
Aug
39% Dec
65%
*97% 100
38%
34%:
34
Dec
92%. Nov
83
*82
*185% 188%
188%
331/4
103%
107
U37%
65% >66
137%
136%
140
82%:
82%
*185%
*185% 188%
33%
33%
44%
*106%
Dec
134% NOV
33
Deo
173
43
41%
107
106%
'
Dec
19
-
107
Nov
155
•
53%
•
Dec
Apr
Dec
29 %
301/a
•156
52%
Jun
43% Nov
277/a Dec
121
Dec
110% Jan
108 Va
297a
Dec
X35
X 108%
■
55%
12%
113%
108%
29%
Dec
Deo
Mar
Dec
Dec
100
Deo
30% Jun
* 82
Jum
22% Jan
104% Jan
39
*107
Dec
39% Nov
175
May
75
Oct
Jan
181% Mar
64
Deo
Nov
pea
21% Deo
65% Nov
14% Jan
Aug
28%
7%
33%
21%
33"%
109% Nov
.
46
13% Jan 25
108
•
18% Jan
105
Nov
12% Aug
Jan
23%
*113
"
63% Oct
;
7
,
11314 Jan
43
Jan
Nov
74% Oct
.
41
23
May
7% Oct
40%
41.
Deo
Dec
111%
v
13% Mar
90
Highlit
■
\$ per share
3% Jan
3
4
'3
Granite City Steel—
3,500
•3,400
10
Sep
25% Jan
52% Jan
Jan
Mar
34% Jan
Grand, Union Co—
.5,200
53
38%
109
*108
.
21%
$ per share
4514 Apr
LOWeSt
Apr 13
Apr 20
May 10
Gotham Hosiery———No pof
48,100
Range for Previous
:v?.Year-1945,^
;
-
6
Mar 25
8% Jan 29
13814 May 9 S 151% Jan
8
3514 Jan
3 '®; 44% Apr 10
68
Feb 26
8814 Apr
3
-
-
Jan
4
Jan
2
Feb 26
Apr 22
No par %10214 Jan
Goodyear Tire &
u
1,600
39%
Telegraph Co,
$5 preferred
> ;
6,700
400
Jan ?2
37% Feb 26
-1
(B F)
Goodrich Co
200
I
108
—&>/•
L——100
Goodall-Sanford Inc
.
6,900
V',-,
fper share
36% Mar
6
3614 Feb 26
20
—-——100
preferred 1
Gold & Stock
■
2,900
110 iff 110
'
*
IGoebel Brewing Co
6,100
138%
39
•
3,200
6%
103%
105%
47
400
77%
110
300
60
42
73
414%
11,100
105
Par
Corp
;
Highest
Lowest,
Gillette Safety Razor-,-,-No par
85 conv preferred——No par
Gimbel Brothers new--,——Nopar
$4.50 preferred -———.No par
Glidden Co (The)
.——No par
414% ponv preferred—.——50
,
200
73%
72%
105
138%
110"
106%
*106
1C6%
70
79%
*103%
414% preferred
10,100
*104%. 105
Telephone
' General Tire, & Rubber Cq—
50
39%
/>'V'sV^
,-
Gen Time Instrument Corp—No par
10
4,500
110%
51
EXCHANGE.
v
General
1,500
v
39
6%
78
v'-
*110
,
68%
69%
*104% 105
46
47
58% 58%
46%
58%
,108
•
6,600
50%
107
*106%
;
104%-104%
105
108
«
Ss",COTS'
K ,K>:»I' >si>
'
v:,;./:,;.
]NEW YORK STOCK >
U r> ;
Range Since January!
;
Shares
44 '
..43%
108
~
52%
50
49%
50%
*109% 110%
38%
39%
39
*106%
107
66%
*106
108
"""* *106
50%
110%
*110
38%
37%
*106
T08
47%
$
49
.
,
"106
108 %
*106
108
48%
42%
42%
42%
42%
*106
the,Wfek •
$ per share
•
,
.
Sales for
.May 10
Thursday
May 9
Wednesday
>>/ May 8 ••:>•
;
STOCK RECORD
:WsWiriilim
HIGH SALE PRICES
196%
25Va
45%
156
46%
217
*142
"25%
25%
47%
47 Va
221
\
196 Va
257%
25 Va
38,200
1,800
47 Va
2,800
V
300
1,400
30
NEW
YORK
STOCK
EXCHANGE
Range Since January
1
,
Lowest
Highest
$ per share
$ per share
Range tor Previous
Year 1945
Lowest
t per share
•
Highest
$ per share
'
2595
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4489
yolUme 163
•
STOCKS
LOW AND HIGH SALE PRICES
/••// Tuesday
^r;May 4iV-
Monday
•May 6
t pershart
$ per share
Saturday
/./.Wednesday■
,
ft-/;., Thursday
>MayA -'//ft
May9 /
tper,shar*: (.* S per shar* 'I :* tper shar* ,
.
-
May 1
ft'/
.
17%
155
*110
112%
/
; ;•
41%
42%
106%
41%
•y io6
126
/'/124/ft. 125V4
*31%
32
;42
'
.
31
.58%
180
•110
106
110
;
43%
ll(jft
,
•110
180
,
•146
•146
'
106%
106%
101.
107
127%
128%
128%
134%;,
31%::
31%
31%
343/4
343/4
42%
ft
43
ft: 2 45%
47
Nov
114% May
145
Nov
109% Aug
167% Apr
153
Apr
101
62 Va Apr
31
'53
140
-9
Mar 13
150
^Jan
137% Dec
61
Nov
118% Aug
115% Feb
Mar 20
40
100% Jan
17
,
5'*
Mar
.
109% Apr 30
100
stamped__100
Steel———No par
ft; 5% pref series A
.."......100
5 % pref series B oonv;
100
Joy Mfg Co_.
i—1
Jones & Laughlin
55,300
:
800
,
'
22% Ceo
34% Jan
24% Jan
54% Apr
1133% Apr
Chicago RR
&
19% Nov
4
3
I34ya Mar 12
4% 2nd preferred ser A
Joliet
106%
43 :ft
•; 3 % % preferred
—.
100
Johnson & Johnson—12%
180
129 y4
ft
Johns ManvilieCorp—..—No par
300
2,200 '
10 .4
:ii2%-;
126
43%
41%
106 *
180
1,400
ft/ 42%
•106Va
17% May
46/4 Jan
jewel Tfea Co lno——;—No par
:ft 4 % % pref erred--^.—-———100
•40 i
155 % 1
153
••57' ft
t per share
I per share
108 »/2 Apr 16
138
Feb 26
—1
Jacobs (F L) Co..—........
5,500 >
2,100
ft
140 v: 140
>,
ft';55:ft ft30:ftft
142
•:
53%
112
•146
,
'
106
18%
109
ft Sper share
///:/ ft/ft
52%
109
..
153
152%
•135
57
•56
.112%
>146/
180
125%
.
,106
•:
•110
112%
«
ft *146
180
17%
51%
18%
51%
110%
154%'
•137% 142
142
57
17%
51%
•109%
•153
:155
*1373/4
57' ■/
57
;
51%
110%
51%
•109
Highest
Lowest
//ft/ft Highest
I per share
Par
•
51%
,110%
-
155 *
ft 153%'155
140
5140
'
58
*110
•109
110%
-
18%
*
51 y8
■51%
51
*109
142%
*146
',
ft;
155
*57
18
•
52
110%
•140
■'
18%
18
17%
17%
/
173/4
/
*51
*109
Lowest
Shares
■
Range for Frevioua
Year 1945
Range Since January 1
ft/
EXCHANGE
the Week
/ftf per share
-
NEW YORK STOCK
Sales for
Friday
May 10<
'
Jan
Bep
Jan
1
109
116
140
2
107% "Feb
8
25
6
Mar
105
Deo
Feb
4
91% Jan
139
NOV
Apr 22
19% Jan
90
463/4 NOV
27% Jan
79
"
129%
•-■•30%
32 ft
125
91,%
,
31%
31%.
34%
,
343/4
V
9,600
3,700
33
Mar 13
120
Dec
Dec
Feb
53% Feb
160
243A Mar 14
34
<
30 % May
K
KalamaXoo Stove & Purn
•
•34%
34%
35%
•119
120
120
*119
*119
*■
'
27%
'
"
'22%
28%
■■
47
.
48
48
22
49%
22%
64
63
63
63
'
22
/ft 22/"
ft '28 ft 'r2B*y
*28%
'
:'
ft
56%
'*45.
■
57 ft;/
--55%
ft:
'
56%
44%
•
••'45 :'
44
47
.
'
4
23
;
120
34
64%
'28Va
ft
22%
22%
283/4
22%
-
,
/
28
.
•
''
'
ft
56%
563/4
453/4 ft/ft 47'v/ft ,47ft
v
2,500
■
56%
57
1
-Class -B—...
-
;'S4'
64
,109%
44%
j
64
64
22%
22%
22%
4
•
38
38%
>
383/a
>
?
40%
1093/4
;
110 Va.
643/4
64%
22%'
22%
•
*1093/4
;43%
23%
593/4
43%
44 //:
593/a
.
■/
59%
'
1093/4
23
'ft
May
6
Mar
3
32% Jan
3
7%
60 Va
60
59%
60
7%
7%
•58%
60 /,
59
60%
60%
•55%
56%
55
55
56
62%
56%
•91
95%
*90
95
*92%
•76
77
76
76
75%
7%
7%
7%
15%
15% '
15%
15%
"15%
49%
49% i
49%
49%
49'A
7%
56%
61%
57
7%
7%
"
*
«■
*94
97
97%
97%
77
77
76%
15%
16%
50
16%
49%'
51%
*75
51%
61%
15
'
;?
12%
12%
12
11%
12%
12%
12%
12J/a
,
15%
•17,300
34%
34%
12%
12%
12%
58%
58%
58%
•28%
28%
*28%
58%
29'-'
z
29
40
.
:
.
40%?
13%
39%
12 %
66%
13%
*33%
mm-
12%
12%
97%
98%
*60
97%
;
72
62%
33%
-
,
70%/
00%
34%
37%
36%
117%
*115%
32%
31%
38%
38%
37%
87
87
30%
29%
58%
59
28Vb
28
28
581/4
28 %:
28% •:
39%
40%
65%
66
13%
37%
xl00%
100%
62%
62
74
72
200% 201
72
^
h
62%
'i
61%
61%
62
33%
34%
37%
37%
38
38%
38%
84*
86'%
85
85
*85%
87%
29%
30%
30
30
28%
29%
28%
30
ye
65
64%
63%
:
*190
36%
t-.
29%
297/e
29% '
*/#!l64%
i 193
65
*190
>
!
so
1
800
:
653A
65 ,:
41%
-
41%
v
7,800
29%
42%
313/a May
33% Jan
i
1
3,000 /
22,700
———Np par
juone Stat Cement Corp^——No pat:
Long Bell Lumber A. ———No par
Lorlllard tP) CoL——
—10
7% preferred——....
100
Louisville Gas & El A-——No par
25
Feb
Feb
13
419
/
104%
21%
21%
105
*104%
21%
22
105
;v,v
105
23
23%
•105
23%
$ per
Monday
>
Tuesday
May
/
May .6
{
tper sharp
share
Wednesday
' May 8
'
„■
t per phare
a.
-
t per share
*104%
22%
22%
LOW AND DIGET «AI^E PRICES/
Saturday
-ft' May 4
105
105
330.
?
24%
223/4
4,700
>->•
a
-
Apr 10
45% Jan
3
29
323/4 Mar 22
31% Jan
18 ft
30 ft
17% Jap
72?A Feb
S 43% May
3
May 10
t
$ per share
t
the Week
per-share
"
/
Shares
par
per share
ft 37% Dec
/ 66% "Oct
ft 327/b Dec
Nov
*32%
Jan
23% Jan
190
Dec
31
Nov
Mar
68
Deo
13% Aug
20
Deo
52
?
.
.
30f% Jan 4* ft
•'
.
166
6
S
8
May
Previous
Range for
a/A-'+14;if-'A';v
/' Range Since January 1
5"'Lowest';a
EXCHANGE
;
105
Nov
"4214 Deo
19% Jan
25%-Aug
50
<Jan
15% Jan
18% Jan
1
195 Va Jan
3
NEW YORK STOCK
Sales for
^?A-f^[dayr
>
*11
-Apr
/ 88 % May
ft, 32% Jan 17 ft
Jap
61% Mar 13
v
19% Jan
ft 29% .Jan
14
41
z
33% Apr
STOCKS/;
A
Thursday
May U '
417/b Jan
26% Feb 26
Feb 27
104% May
4/2%: cum. pfd series A...—.100
LukenB Steel Co^
.—10
47% Jan
1
28
c
».!l'
(M) & SOns Inc
8
35% May 10 ft
43 % Jan 29 ;
25
:
Jan
Jan
Jan
66
186
,
Jan
32
88
54% Dec
/35V* Dec
ft 68
Nov
13V4 Dec
33% Dec
;ioo
Oct
"101% "Oct
198
Dec
50
Dec
843A Dec
60
Deo
/ 36% Dec
40
Nov
Mar
653/4 Apr 11
Dec
27 V4
7% Jan
Deo
78
*
5% Dec
60
>
ft
33
28
'
104%
104%
104%
21%
ft
15
Jan
18
,
3
—50
Louisville & Nashville.—
Lowenstein
Jan
28
181
V
3
/64
:
20% Jan
210 Va Mar 29
;
Dec
ft
;
;i7% Janft
51 Va Jan
103% Jan 24
Z
Dec
44
i
ft! 17% Jun
36"% Jan
/
63% Deo
72
Oct
;
35% Jan
37% Jan 21
2
6
/
&
101.
32/2 Apr 20.
Loews inc
2,500
"
193
29
A
65
40%
86
Jan
1% Deo
47%
29% Jan
'6% Jan
2% Mar
Apr
15 Vb Apr
;
115% Apr 24
3%% /Preferred .—...J.——100
Locsneed Aircraft Corp
1,500
29%
30
'
300^
^0^' 39 % I 39% - A
58
Jan
74% Jan
3
273A Feb 26
Oct
Jan
9
41% May 10 ■/.
•
A
17 »A
ft
29% Apr
86% Mar 15
4
COom*^—No par
Liquid Carbonic Corp;—
No par
47
12
61% Apr ?2
194/2 Jan
Lion Oil Refining
? 16,200
20,800
■32%
86%
*29
43%
;if". 5,600
37% '
.
117f
3iye
39%
*192
A
65%
42%
43%
P
„A^17:-'
29%
28%
65
66
41%
-
37%.
;
Mar 13
68% Mar 13
54 Va
4 /
38
Apr
5 :/
15% Apr 15
3
Mar 13
Jan
/
:;
5% Jan 15
64
26
86 <
47
Apr 22
May 10
17% Jan 28:
3
31
No par
Oct
54
62% Mar 15
Lima Locomotive Wks-*——JVq par
Link Belt Co——.—No par
1,100
10,800
A'
353/s r
29y2
::
193
28%
AAA, 35-
Lily Tulip Cup Corp—
v
Dct
NOV
ft. 50%
37
:17% Jan 28
9
■
*49 %
Jan i
:
9
48% Dec
20
26 Y* Jan
—100;
—
Mar
8% Apr ft:
25% July ft
12
39% Dec
Y
49/2 Feb
ri3A Jan
^>e0
4% Apr
6
;
40 y«
Mar
35% Nov
24% Sep
3
30'A Feb
Nov
112
■
26
3
.
Dec
19
31 Va Jan
6
34% May
12% May
-25
Prefetrred
390;'
: 2,500
,
pfd—
(The>
Corp
Series B
2,500 e;
:
700
i..
85%
30%
29%
28%
64%
-1•-
41%
40
40
39
28
63%
1,200;
:
-
73%
-
39%
,
30
29%
•
192
192
28%
192
28%
62
72%
•115% 117 m
u: 31%
32% A
39%
65%
65
37'A
*115% 117 W
117
38%
192
?
,r
67
96% Dec
t
Aug
107
1023/4 Apr 22
82 >, Apr
9
4yP, Mar lB
No par
No par
—....1
Corp.—J—...8
Lerner ,Stores Corp (new)—Np par
Libbey Owens Ford Glass.—NO par
Llbby McNeill ds Llbbf^.———.7
Life Savers uorp new.—
—5
Liggett & Myers Tobacco—
—.23
1,000
99%;
Nov
9% Jan 24
493A Jan
Lehn & fink Prod
18,200
'
100% 101%
f
*200% 202
82
•
Lenman
1,100
2,900
62
34%
4,000.
4,900
?
1st pfd
$3 non-cum
66%
35
62
26
11% May
—.50
preferred
4,400;
1
i
-13% •"13% r
34%'
34%
•
74
34
33 %
;
Non-cum
50c non-cum 2nd
41% 1
;;e2^;A-
37
32%
28%
59%
99%
61
33%
193%
'
\
A
34%
29%
.
*59
71%
32%
•:
^
•
34%
xlOO
199% 200
*115%
117 ft-
.
2,600
40%
.
100.
30%
28%
*34 %
M
100
101
>
363/4 :
66.
:
';
•
13%
,.v!3%'«
34
33%
100
100
'
•
66%
100%
v
/
-
40%
200
<,
-
'
14% •'
59 V4
;-i3%
13%
m 36Vi
32"%
♦192
13%.
13%
33%
32
•"
36%,
60
37
-
36
13
66%
:'•/ 100
*71%
-
35
12"%
Deo
Dec
623/4 May 10
f
14
Mar 13:
39% Jan
3
Lehigh Coal & Navigation Co.—10
t
100.
'
117
1
:
62
35%
40%
SS%-
61
61
33%
.40%
99%
60%
34%
'
r
5% <>''
4%.
♦52;.
28
67
398
76%
ft/ 61%
%
62
58%
59
66%
*99
97%
*59
62
*70%
13
33% '
98%
99%'
196% 196%
98%
199
'•196/
S
%'«:
13
-
4%
4%
,-:*52:ir
35%
13%
33%
/
33%
34%
97%
:
4% ;
55
12%
40%
40%;?
66
96"
12%
>
66%
••
66%
5
55
31
51
Jan
8%
?'64%;May 404
5
-
; Feb
65
.—5
3,500? Lehigh Portland Cements
..25
——50
10,900 : '■ Lehigh Valley RR
123,300 i ■ Lehigh Valley Coal——No par
54
Jan
61% Jan
—:
•
34:%
35
12%
58%
:
4%
62
*55
62
Preferred
;
Lee Rubber & Tire
■
*55
62
4% ,;.::'4%
4%
4%
/
4%
a
34%
'
4
'
Apr
GO %'May
7
37
45% May
Z 26
2
43'AJan
100
■
'
4%
V
6s/4 Jan
No par
No par.
Co
400
52
52y8
7
3
(The)
Bryant.™
Lane
7
44% Jan
77
'.
72% May
-28 - Aug
Dec
35%
ft"
38% Jan
43% Apr 22
110% Jan
8
3
Light; Co....—..—4
Gas
Lamoert
5,500:?
3,900
.
'
*58
33% Jan
Jan
103
*99
'
15%
X15
-
623/4
59%
76%
75%
Laclede
15,900
7%
,
62
62
;
i
-22% Mar
1
May
6
14% Mar
44*
;■;•
.
-
30
27
Apr 18
23% Apr 10
34% Feb 26
107% Feb
•
62%
7%
61%
57%
7%
61
97
.
X61%
62%
62
62%
22% Jan
lgy* Jan
35% Jan
9
70
86% Feb 26
'
60
Jan
ft,; 60 % Apr
52
Apr
58% Mar 13
15% Feb 26
No par
9
1
4
'
•
,
?
60%
30
48' A Jan
.
124
Jan
34
Jan
18% Jan
■fi 34% Jan 29
^
•
'23%/
59 /
.
65% May
50% May
26 % "Feb
•'
22
■
140
41 ''/ft
1093/4
Klmberly-Clarfc Corp
; 1,300?
7
Jan
.13
15
Feb 27
28
—.a..———-.1
Kinney (G R) Co^
97'% ' 97% 4
$5 prior preferred
——No par
40s%
7,900 ft Koppers Co Inc
42% 11
—10
/ 270
?
4%% preferred.:—t—
1093% 1093/4;
100
4,100^'
'43%
Kresge (S S) Co..
—.10
443% '
2,300 %
/ 23'/a
24 J'
Kresge Dept Stored—.—
—-.1
Kress (S H) & Co..—.1—No par
58% 60
'• ft / 1,600
7,800 '
'62% 84%
'
Kroger1 Cp (The)
—No par
23%;
i
21% Feb 26
—.No par
KeystOrie Steel & Wire Col—No pat
800 '
85
;223/4
•'98%;
40%,
ft;
43
22
;
x57%
59
'
43%
21
Z
22
403/4
110
22
43%
44%
21
"57%
x9g.
983/a
'"ft 39%
1093/4
'
'44%
*
22'/8
98%
98
<98
99
*97%
*109%
'
*;
22
"59
'64%
65
22
1
45
22
•57%
63%
'22%
*
109%
i *63
•62
,64 " ft
23% '
•97%
99%
36%
38% :
,
*22%
Apr
35 *
'
,
:
31% Dec
Mar
31% Dec
67
Dec
38
Deo
Jan
117
35% Apr 23
122 % Jan
10
24% Mar 13
Kennecott Copper..^..
2,400
•
Jan
119
Kayser (Julius) & Co new...——5
'ixMeey j&ayes Wnl ^cdnv cl-A—»..i
4,000
.15,400
59
49
,48
.
«
2,200
20
3
35/* May 10
233/4 Feb 26
10
Kan City P & L pf ser B
No par
Kansas City Southern—-No/par
4% non-cum preferred...——100
Kaufman' Dept Stores—.——.—.10
-
1,500
1,100
23—J 23Vb
ft//
'■
:22%
"22%
04
; '/ft
y 49%v-.
22% - 22*% * 'ft;' ;
28%/" 29%
zyy- 49
ft
'
-
•
227/a:
30
40,200 ft
'64
65%
48
.29
56%
453/4
577/a
64
48 ft >;yft48ft//
227/a
46
:
1193/4
-32%
32%
22%
28%
ft
120
64%
223/4
28%
22 ft
•
22%
22
22% *
57%
.
31
1,100
343/4
343/4
120
/ "ft "ft *119
■ft/"
34 /
35%
'
"•
;/ft/*47ft;;
48
-
22%
*119
:
31%
64 /:/
•
63
•48
120
28%
28%
27.
•27%
35%
343/4
34%
Year
'
r
1945
# per share \
tper share
4
Highest
Lowest
'Highest:-*1;
tper share
M
40%
*40 3A
41
*159%
161
40%
161
*159%
ft 69%
ft:
58
,
68%
/70%
53%
53%
14%
14%.,
24
23%
23%
24
25
1,600
Mandel
x413A
413/4
42%
42%
1,200'
5%
5%
5%
53/4
5%
%
is
5Va
54%
53 Va
112%
112%
*109 %
113
ft 37%
38
.23%
373/s
38
22
22%
70
71
54
23
'
71%
*70%
40
,
.
.
40%
116
♦46%.
:
'
116%,
,
23%,
70%: 4
41%
33%
w
A
110
A
;
663/4
*13%
13%
;
623/4
523/4
*115
116%
A?
52%
115
69
34
:
no
110
a
*50
n
39%
67
«40%
114% 115%
37%
38%
'393%
:
115
67
66%
37%
44%
38
46
45%
6i2%
613/4
•63%
50
50%
39%
a
50%
1083/4
31%
*26%
;
'
27%
♦107% 108
49
30%
' 49
31%
*91
93
*47%
49%
58%
58%
♦107%
ft For
109
13%
a
70
763/4 Jan 30
52
5% May
14% May
39
<Glenn L)
Cb—. mm —* -11
—
I
Martin-Parry Corp—..-No par
Masonite
Corp.......-..—.No par
1,700;
;
;
-
52% Feb 26
A
$3
I—..Nb par
preferred—^— .....No, par
No par
preferred.
$6 1st cum
44% Jan 15
8'
'a
Jan
8
60% Feb 26
1083A Jan
/
48
112
7
63
.
/
SPA".
*104
110
32
32
46%
127
27 V>
'
A'.
27%
26%
108%
107% 108 3/4;
*108
48%
297/a
49
90
58
108%
52
;
128
129
27%
273/4
26%
*108%
27
1083/4
*107%
107 y3
V
/
?
273/4
273/4
;
A
70
16
{llB
108 y8
*107%
"
108%
footnote see page 2600.
A
2,600
3,800
McLellan Stores
135
650
107% /;
27%
•49%
493A
49
49% ;.
313/4
323/g
31%
32
32
93
:
49
49
108%
59%
1083/4
*96
97%
*49
493/i
*58
59
108% 109
A
49
'
323/a
95%
50
50
109
A
:
59s/8
108/4
59%
109
Melville Shoe Corp
5,500
310;
Mengel Co
300;
v
(The)
5% conv 1st preferredMerch & Min Trans Co
-1
1
50
NO par
.5
500
Mesta
410
Metropolitan Edison 3.90% pfd—100
Machine Co..—,—
Apr
69
Jan 10
54
Apr
Jan
17
103
*
43
38
Jan
2
51VaFeb 26
108 Va May 10
42% Dec
18% Jan
ill
Sep
21% Jan
109
ft;
9% Mar
40
Dec
ft 18% Jan
4 ft'/.ftftiftftrv*
;
-
176 Va
34 Va
Jan
July
33% Dec
195
May
53%
.
:
40% Jan
110
Jun
48
Sep ft
8% Jan
24%
63% Deo
NOV
/Mar
27%! Jan
22 y4 Aug
104 Va
Oct
46% Deo
16% Dec
55
Oct
114
Aug
/ 55%
27% Jan
Dec
109% Nov
Sep
Dec
19% Jan
32% Dec
30V4 Jan
43
Nov
193/4 Jan
36
Dec
Jan
70% Dec
6
24
Apr
41% Dec
104
Sep
109 % Nov
4
5
30% Apr 22
•
13 Va
27
1093/4
Jan'
17 Vb
Jan
Dec
119
Jan
Dec
30% Deo
12% "Mar.
25
98 3/4
Jan
1093/4
94
Jan
108%
55/a May 10
35
Jan
34% Apr 24
14% Mar
108% May
9
108% Mar 29
25
22 Va Mat 14
70
Feb 26
;
9
139% Apr
30% Apr 22
-
:
11%
Mar
15% Apr
ft 52
35"% Apr
Jan 31
Feb
"73/8
•ftft
Deo
ft/ 7% Deo
108 7/a Mar 21
Feb 25
26*
.
9
48% Apr 22
103% Mar 13
.
6 /
Apr
3
19 Va Feb
Mead Corp.————No par
$8 preferred series A,,
N6 par
$5.50 pfd ser B w w
„—No par.
3 I
Mar
42
10
24
Z.
5,500
A
951/4,
49
59 A"'"59
109
190"
55%;
,
96% !■,:
*94
:
6,500*
30
AA
107%:
50%
A;
1,100
Jan
23% Jan
116
Jan 15
122
41/4 Jan. "2
106
preferred —...——No par
Co
—-1
5% preferred i—
100
McQuay-Norris Mfg. Co———10
(4
28%
108%,
;i07y8
493A
53
283/4
*107%
SPA
*58
i 31% Ma'r 22
"60
Apr
9
34
93
;
McGraw-Hill Pub Co..—..NO par
2,500
110
May 10 i
Apr 10
Apr 23
41% May 1
;
2,100.
>
Jan 29
71
1
15% NOV
32% Dec
Z: 39%
3% Jan ft
28
53% May
.
625
Jan
24
4
112
2
32%
/
Jun
,
Deo
Deo
25% Dec
Oct
Mar
7% May
14 ft Jan
■
;23
45
4
14
33% Mar
Mclntyre Porcupine MineB—-——5
McKesson & Robbins Inc_
1—18
*28
Jan
Jan
28
/
129%
/.
-'■":26%:"27t?>':*
108
65
52%
A
50
—*
109% Jah
350
453/4:.
.
*104
32% ^
129
Corp—L-.—
McCrory Stores Corp—————1
3% % conv. preferred—-.100
McGraw Elec Co..—-1 ;
3,600'
;
45%
'
110
32%
McCall
1,600'
39%
62
52 »A
♦104
A
3Q;-
2,100
*1143/4 116'A
41
;'A 41
./
'
67 a?
49
58 ;
27%
128 :
:
.
''
.
a
:-*6i%; ;-63::;;: i
'
>
30%
,
50
128
;i07% 1073/4
90
.
■
27
27%
*108 ? 108%
'31 A A
*47%
32%
,
40
45
.
<
.
17
425
36% Apr», 9
v201
Mar 26 *
12/
52
110% Nov
34
Nov
•
16% Feb
>
57% Apr'24
112% Mar 25
/ 45% Feb
2
29% Feb
6
75
.Apr 18
■•"-:■ Feb-26
Jan
Jan
Jan
% Apr '17/
ll3/a Feb
a/13% Feb 26
—
>
20% Jan
.
'•
26
195
preferred—^—.—.———100
Maytag Co
30.
Feb
28% Feb 26
Mabhieson Alkali Wks——No par
300
A:.A
4;
>/ 37% Feb 20
Jah
2
20
34
*May Department Stores.—u—5
200 A/i ' $3.75
preferred.
a—No par.
;
8
Feb 25.
109% Jan
:.ioo
106%
8
26% Jan 14
26
8
;
Dec
May
72 Z
.
I63A Apr
,9% Mar 13 "
A
No par
preferred
t
1%
3
19% Mar 13
;
/Master Elec Co
0/
13%.,
;
4%%
May
39
155
Jan
Jan ft,
47% Jan
31% Jan
147
Mar-27
61
May 10
111% Apr 12
:/ 63
Apr 22
30% Maris
525
May 3
12 3/« Feb 26
,
4,000
(
a 115
52
*112
'
.
40
;A
46 %A
51%
lin
32
*26%
27%
-108
313/4
127%
*122
ft 125 % 125%
108
2,300
34%L
205
:
69
-?A?i
-
*67%
■
'31%
47'%
34
-
600
41%
109%, 109 %r
39
% 39%
116% 116%
;
62
51%
OJO/I
•40
46
.
'
so1/*
:
*104
k
115%
39%,
•
66
67%
40%
115%
1
'46%
oiya
.
*104 -ft l«w%
31%
2,200
A
*202
a
.53
115
69
*40
13%
115
'52%
115
251/4;
68
A
110
•138/a" A 13%
Martin
5,800
%c
2
—1
Marine Midland Corp—
— 6
Market St Ry :6% prior pfd—...100
6,300*
39
Jan
X223/4 Feb 25
525
% Apr 25
Marshall. Field & Co
383A
23%:
i
U 29%
36% Feb
8,900:
200;
55%
18
"-Rights ——ill..—
•
•68%
68%
;
a
340"
;
113%
.
*201% 205
68%
9%fv
14%
53%
.23%; ;
v;69/.A'.;,
41%
34
33%/A
12,300
•;
*109'A
A
38%
:
*40
A
*201%' 105
"
'
53%
38'A
23
41%
66%
13%
*
69%
,
.
•?
109% 110
66%
39%
112
;
/
t>2 Va
*50
64%
'
;
108%
Jan
..—No par
Bros..
Maiaeaibo Oil Exploration
4,800
19,900
is
is
9%
.14%
15
*109% 113V4
•39%.:
■
6
is
528%
61
14%
9%4; 93/4
' 143/4,
'
Ill
60%
143/4
is
:
;
8,600
i.
29%
283A
*475
530
530
.
•159
*
46%
vzva
22%
*201% 205
66 A
66%
■
•
39
70%;
32%
39
.
*
,
41
33
is
9%'A„
52%
54%
*109'A 113 V4,:
•
i 40%
*38 ft"
A
69
*109% 110"
13%;
13%
;52% 52 3A
*66%
115.
,
39%
23.%
22
40%
65
*115
66%
37%
v
*201*4 205
.116%
-
84%
29%
57/e';
14%
■j
113%
33
32%
.
*115
52%
♦i09y4
40%
:40
32%. 32%
•201% 205
66%
66%
109% 109%
13%
13%
•52%
53%
-
53%
■
lS %
*143/4
.
A
62
29
*4;V *475
*14
14%
55/a
*110
111
<■
593%.
-
530
14%
-9% Ai-
15
; *14%
14%
6%
9%
9%
::
.•44% Feb 20
Manhattan Shirt
14%
:
*475
*110
58%;:
-29,
28%
>442% Apr 26
■
41
*23%
*38%
15%
Mack Trucks lnc———No par
1,600
61
24
39%
ft
71%;
40
24%
9%
A
24
14%
;
28%
530
111
583/4
A
28%
*475
14%
*110
:
39
55%
;56%
27
5
154% Jan
65% Feb 26
..'.'loo
41
530
14%
•15
71%
59%
.713/4
59%
■
Feb
36
.-10
—...-
24
*500
'
•56
::?'27~'x',
39%
6%.
tV
*70%
-
& TWhes.
preferred—.
6%
38%
28
*22%
:
-71%
'MaoAhdrews
'900
42
161
24
59
;
558/a
42«/a
*159%
42%
*159%; 161
40
110
110 Va
28
>
161-
71
;
*41
41%
,
Macy (R H) CO Inc—
—No per
100
A'
4%% pfd series A——
100
Madison Square Garden—No par
1,700'
Magma Copper—————10
4,700.,.
Mahoning Coal RR CO—.........50
Manatl Sugar Co—.———1
3,100
59
>
28%
28%
*500 ft; 530
41
*159%
543/4
110
;*109
',
:
69 ya
53
54%
•108% 111
ft
"v;" ::f
41
*159% ,161a'AAA
68%
69%
54%
*55
41
A
103
Apr 23
2
33 y8 Mar
00 V2 Jan ?
9
37
113% Apr
18
Jan
106%May
Oct
Oct
473/4 Deo
29%
NOV
87% Nov
54%'Jan.
52% Apr
Dec
/
45% May
56
Deo
111
Jun
THE COMMERCIAL &
Monday, May 13, 1946
FINANCIAL CHRONICLE
NEW YORK STOCK.RECORD
6~$
May
May 4
15%
16
15%
V
55%
160%
160%
16%
16V«
16%
41%
40%
IV/B
159%
160
*72%
18%
-73
20%
62%
*69%
71 Ve
18%
18%
18%
71%
18%;
63%
61%
64%
i
♦111
115
.
*115
&
*113
__
62%
61%
*70
75%
m*»
19%
62%
19%
•/•
114
114%
116
117%
117%
*115%
118
118
♦116: .us
15%
40%
:
41 /K
,
*120
15
41
40%
119
40%
13%
45%
43%
*112
44"%
h 66%
46%
46
46
: 42%
42%;
68
46%
45%
:
*42%
43%
155%
158%
43%
42%
43%
158%
112
112%
45%
44%
44%
156%
156%
XI54
*112
112%
*109%
112
*114%
115
*112%
114
*112%
114
107%
Xl04%
104%
*104%
107
43%
*155
112
♦114% 115 i
•114%. 115,
137/a
43%
42%
159%
40%
40%
40%
67%
*43%
15%
124
♦119
13%
*44%
43%
15%
15%
..
119
117
43
43%
42%
122
41
122
♦120
121%
117
117
42% 43
15%
15%
117
43%
♦115%
„
*106%
106%
105%
*106%
107%
94%
957/s
92%
25 %
95%
-
.
154,
•
112
*109%
26
*55
60
50%
58
*48
26
*56
*48
95
26
•:.-'*55'
98%
'27
1^S8^
50%
~
50%
50%
29%
29%
30
30 %
30%
*58%
59%
58
59
60%
163/4
16%
167/a
16%
16%
108%
1063/4
1063/4
29
28 %
28%
*28 3/4
29%
30%
28%
*30
30
30
"29%
60%
61
16%
*1063/4
.
129
129
25%
'
115
114
114
14%
159%
63%
116
14%
42 V*
20%
62%
63%
76
113
14%
*66%
56%
76/
i
113%
43
13%
160%
160%
41%
162
161
115
42
40%
55%
76 i
19%
63%
19%
17%
16%
41
55%
115
•
41%
*120
16%
41%
55%
113%
114
115
*112% 114
*115
;i 71%
71%
16%
41
160%
160
160
i
63%
53%
53%
53%
55
160%
$ per share
54%
41
54%
■/
May 10
May
:
16%
41%
16%
40%
41%
*54%
$ pershare
Friday
Thursday
I per share
•
•
t pershare
per share
8 per share
41%
May 7
PRIG
Wednesday
• May 8
Tuesday
j^^Monday
Saturday
HIGH SALE
AND
LOW
*26
25%
26%
48
*46%
<
*1063/4 108
243/4
26
*463/4
163/4
106%
108
25%
26
,25%
47%
48
61%
163/4
•;
48
48
112%
112%
112%
16%
16"%
165/s
17%
'*50
50%
50
50
50%
65%
63
633/4
60%
112%
50%
*64
49
*112
112%
17
62
♦111
112%
16%
17%
20%
16 7%
21
21%
20%
20%
20%
23,800
45%
*44%
45
♦44%
x37%
37%
37%
38
37%
38%
26%
27%
26%
26%
26J/2
28
19
19%
22%
19 Va
23
30
30%
700
35%
9,900
•
*29 ya
30%
307/e
35%
*198
200
*195
*31%
35%
35%
35%
36
:
4,200
>A
200
.
200
♦196
600
32 y4
*
'
' f
'
''
'
\ i
H
'
"> "
y'
3,700
*52%
29%
38%
*200
201
*169
170
Zi
:
68
67%
67%
67%
69%
11%
10%
10%
11%
8614
86%
85%
85%
36
36
36
36
22%
23
*104 %
105%
37%
t:
11 Vs
86%
22% : 22"%
.28 M
37%
28
28
.
-87
100
105%
105%
37
37%
38'A
39
19%; 19%
19%
19%
19%
20%
10,600
'■
12%
12%
12%
12%
4,800
12%
104%
12%
LOW AND
/
Monday
May 6
Saturday
■
May 4
f 28
*106%
27%
*36%
38%
:
'
37%
*108%
109
*108%
109
•111
112
•111
112
*108%
34%
;
106
45%
46%
45%
46
34%
'34%
35
35
107
*106
106 >A
*106
28%
28%
28%
58%
58%:
59
25%
25%
27%
*45%
48 %
121%
122%
32%
32%
*37%
40%
*36
•72
80
*72
*250
48%
300
*108
/
106'A
106%
106 %
28%
28%
29%
29
59
109%
22
46%
250
22%
*45
&
280
281
280
283
283%
126
/'
124%
124%
125
125
'124%
13
116
•
i
112
New York
*45
)'
280
•1243A
48
47
*45
283%
281
284%
126
1243/4
1243/4
21V*
21
21
'1153/4
117%
30%
29 5/s
30%
111%
111%
47%
50
49 V2
52^:
49%
49%
49
49 y2
16%
17
17
17
20%
21%
21%
2PA
1113/4
*110%
1113A
*110%
26%
25%
*:
:
27
X25%
111
26 5/8
*1153/4
28%
ii7y2
29"%
117%
*1153/4
••
30%
29'/a
112
*111
100
Ry
10
49 Vb
49%
50
50
Northwestern
17 JA
16%
18%
Norwalk Tire & Rubber
No par
21%
22
22 3/4
Norwich Pharmacal Co
2.B0
21
110%
110%
263/4
111%
*110%
26%
263/s
27
29%
30%
30%
31%
303/4
31%
30 >A
3114
116%
116%
116 Vb
117%
11714
*116%
117 V2
117
117V2
15
15%
15%
15'A
15'A
15 V2
15'A
15 3A
15
153/8
*117%
1183A
*118
1183/4
118%
118%
118%
118%
453A
49%
34%
*176
*108%
92
page
43
34%
180%
30 :V
110
93%
2600.
*29
43
35
180%
30%
44
34%
*180
*29
110
110
*108 J/4
93
95
95 %
44%
36
185
30%
112
95%
Northern States Pow $5 pfd_No par
*16%
116%
43
Northern Pacific Ry
1
50
100
51%
15%
118
—
49%
30%
118
Northern Central Ry Co
50
116%
30
100
pfd
non-cum
48
15%
33%
5
Industries
Western
112
30%
footnote see
&
Adjust 4%
*111
116 Vb
43
No par
'—BO
North American Aviation
21 %
25%
No par
North American Co
16%
For
Noblitt-Sparks
Norfolk
13%
'
*110
—
pfd—100
N Y Shipbldg Corp part stk
1
36
112%
J
100
1
Light 3.90%
N Y Power &
13»/8
>'47%
*48% 49V2
43%
*
35 5/s
16%
*42%
Dock
$5 non-cum preferred
13%
29%
Dec
14% Nov
100
N Y & Harlem RR Co
35Vb
*111%
Dec
29%
100
No par
preferred series A
Omnibus Corp
13%
163/4
46
26 54
6%
N Y City
h 353/8
*115%
107 Va
No par
13%
49 Va
111%
Central
36%
29%
10% Jan
Dec
33% Mar
No par
New York Air Brake
13 Vb
16%
25%
;
35%
112
10% Jan
Dec
24%
100
Newport News Ship St Dry Dock
13%
117%
45 JA
♦IO934
Mining Corp
36%
116
102 % Nov
36
No par
100
pfd.100
10
preferred
13%
483/4
•
4%%
35%
45%
,
serial preferred
13%
.
28%
29 %
112
127
conv
35%
35
120
284%
4%%
Newberry Co (J J) New
3%% preferred
New Jersey Pr & Lt Co 4%
New York
22%
.''•■'47%
.
2
42% May 10
21 /Apr 20
15
Feb 2
Jan
85% NOV
Nelsner Bros Inc...—...1.
N Y Chic & St. Louis Co
"' 109%
280
29
29'A
28%
300
108
300
Newport Industries
79%
300
106 % Mar
15
26% July
Dec
Nov
Nehl Corp——..—.No par
Newmont
40 3A
*72
8
Jan 18
Jan 29
Dec
14%
Par
1,100
36%
49
49
Skates
47%
106% 10614
26%
280
•111
1121/2
:
59
25%
•124
*115%
109 %
46'A
36
*36
46%
1314
39
*110
35%
80
21 >A
36
112%
75
107%
32%
45 -Cv-
13%
*110
27%
125%
21 y8
353A
109%
46 y4
32%
45 ",v.
47%
110'/a
46%
124%
21
*45
37%
*35V2
323A
;
*106%
3614
40%
•
*250
108%
v
108%
'
49
32%
:w
37%
46%
324%
*123
27%
75 /'
106 y#
29%
28%
75
•
$ per share
27 %
*109%
:
12'/a May
25
32
Nov
59
EXCHANGE
37%
.
•
19'/«Marl3
27% Mar 28
10114 Jan 24
2614 Jan 19
ltf'A Mar 15
25
35
NEW "YORK STOCK
the Week
*106% 107%
111
46
'
107
25%
28%
110%
27%
Sales for
May 10
*35%
36'A
*57%
.
111
«
•
'
Friday
Thursday
May 9 •
*72
75
38
'
46%
'
$ per share
/.
108
*37%
109
112
27%
*106 Va
37%
*111
•
27%
*72%/
108
37
«
'
-
73%
*106%
109
*46 VB
Jan
Jan
July
Jan
STOCKS
,
*
$ per share
27%
♦71%
i73
*106% 108
108
*37
S per share
27%
*70
71%
70
;
Wednesday
May 8
:
May 7
S per share
'K
5,900
* National Supply (The) Pa
10
$2 conv preferred———40
4% % preferred ——100
National Tea Co..*..*—i..—10
Nat Vulcanized Fibre Co..
—1
Natomas Co.—
—
No pat
SALE PRICES
HIGH
Tuesday
'
27%
$ per share
28
13
24%
20%
35%
105'A
34
28
*
28%
29
33%
r4
V'
~
13% Jan
31% Apr
12% Mar
27%
29
33
11%
:•
par
Feb -5
Jan 29
Apr-18
May 8
Apr 22
May 10
May 10
1,300
28%
33
.
21%
45%
35%
22%
45'A
55%
85
10,500
28%
*67
1
1
181% Oct
20% Jan
vI
* V
17% Mar 13
37
Feb 25
24
Feb 26
17% Jan 4
34% Jan 2
37% Jan 7
65
Feb 9
par
par
23% Mar
3
18
36
29%
v
33
r'''i
,
—
1
23%
200
♦169 i, 170.
33%
*28%
/
-
35%
37%
200
,
Feb 20
Feb 20
•••'•
17
22%
107
m
30% Feb 26
193
27
1
2
17
29
20 y« Jan
16% Mar
9% Mar
13% Jan
,
29%
*106%
107
37%
.
5
1,800.
Nat Enam 8c Stamping
Wo par
48
Jan 2
67% Jan 29
37
Jan
7,400 4 National Gypsum Co^.^.^^.^.^.1
"24% Jan 3
30% Apr .23 ;
13
Jan
140.,?*
$4.50 conv preferred
No par
105
Mar 7 :
108% Jan 24
xlOlTA Aug
6,900 ' National Lead Co
—10
32% Jan 3
40% Apr 17
24
Jan
140
r
1% preferred A..
100
195% Jan 12
204
Mar 19
177 i Sep
30
6% preferred B—————100
165 Jan 8
J.73
Apr 10
152
Sep
,' »}w* f
' 't 1
v •,,v'
. v-'/
''''* 1 <s ■ ?v' * *\vi\ >'ft
-x'
>, ^
3,300
National Linen Service Corp.—
A
22% Feb 13
31% Apr 22 16% Jan
3,600
Nat Mall & St'l Cast Co
No par
30% Mar 14
41% Feb 4
21
Jan
1,300
National Oil Products Co—-——4
51% Feb 26
.71
May 10
,33
Jan
33,800
National Power & Lt
No par
914 Mar 14
12% Jan 24
7Vi Jan
3,000 > National Steel Corp—.—.
23
80% Feb 26
91% Feb 15
65
Apr
2,600
National Sugar Ref Co
No par
29% Feb 25
38
Apr 25
22% Aug
53%
29%
*106%
24
163/4 Jan
3
20% May 6
26
Feb 26
par
National Can Corp
Nat Cash Register—.JVo
7,100
National rnnt.*in<»r
, ,
15,800 f National Cylinder Gas Co
7,800
Nat Dairy Products——No
5,900
National Dept Stores—.—No
52,500
Nat Distillers Products...*—No
15% Jan
35% Jan
39 Feb
34% Jan
20% Apr
28% Jan
,34% Apr
37% May
205% Apr
32% Apr
3
Apr 15
10
9,200
25% Jan 15
52% Jan 18
32% Jan
National Acme Co,—T
National Airlines
1
Nat Automotive Fibres Inc
1
National Aviation Corp—
8
National Battery Co—
4
National Biscuit
in
7% preferred
—;
—100
Nat Bond St Share Corp
No par
8,200
22
30 y2
22%
19
2214
Xl9
19%
21%
6
20% May
100
Nashville Chatt & St. Louis
4,000
10,200
43% Apr 25
Nash-Kelvinatof Corp——8
.
230
45
X45
35%
31%
30%
1183/4
118%
v;
Co 4.40%
8%
conv
181%
*30
30%
*29
30%
*109
95%
111'/a
95%
6%
110% Apr 26
19 5/8
Feb
27% Feb
112% Mar
14% Apr
26
26
7
25
Jan
2
27% Feb
26
115
preferred A
Otis Elevator
36
*180
95%
pfd—
I
Oliver Corp.
—I
4%% convertible preferred.
Omnibus Corp (The)
Ohio Edison
Ohio Oil Co
36%
353/4
111%
50
Telegraph
Oppenheim Collins
181%
95
No par
Airlines
49%
49
*180
*109
Northwest
1
32 %
166
preferred
Feb 25
Jan
2
112
27%
34%
xll9%
17%
39Va Feb
180 Va May
28
Jan
2
34
Outlet Co
91
Jan
30
110
75
Jan
7
100
A
Glass
Co
May
Jan
Jan
Jan
120
Feb
49% May
Outboard Marine <fe Mfg
Owens-Illinois
Jan 19
Jan
May
Apr
2
15
14
18
11
9
2
7
25
7
5
107% Jan
112
Oct
16% Aug
23%
Dec
24%
Jan
347/s
Dec
106%
Jan
119
Nov
11% Jap
18V2
Dec
Nov
Jari
Xll8%
13%
Jan
34 y2
23 Va
Jan
36%
107
155
Jan
168
Dec
Dec
Dec
22%
Jan
32 %
Nov
74
Jan
95
Dec
58
Jan
79%
Deo
[Volume 163
Number 4489
>■''.-THE COMMERCIAL & FINANCIAL CHRONICLE
>
NEW YORK STOCK RECORD
HIGH BALE PRICES
LOW AND
Baturday
•:
May (*
I per share
Thursday
I per share
I per share
Sales for
Friday.
May 9
\V
I per share
9 per share
STOCKS
Wednesday
May 8
Tuesday
May 7
Monday
"
May 4
.
May 10 :
I per share
NEW
Range for Previous
STOCK
YORK
Range Since January 1
Exchange
the Week
Shares
Lowest
Year 1945
Lowest
Highest
9 per share
J per share
< >
Highest
$ per share
J per share
'
*16%
17
17
*19%
20%
20%
*77 V7
82
i
16Ya
*16%
.',7 17
*16%
16%
>
16%
17
16%
16%
20%
i
20%
/
42
,21%
77
77
79
42
;l7
40
..V
44
44%
44%
?■: 63%
63%
63
42%
43
147%
/ 43
178%
178
8%
•147
%l
178%
8%
43%
63%
:64%
43%
*147%
«.
148 %
«179
179%
8%
8%
; 40
V
44%':"/
8%
40
44
33%
*32
33%
9%
9
9%
9
v.'",/ 9%
20 >
33
*32
19%
20%
18%
18%
53
53
*110
111
12
12
20%
' ■;?
11%
20%
110
88
*109%
^
'
76%
•76
110
:
*109
V
-
75%
5%
6%
•
*84
110%
200
11
11%
27,700
83%
84
11%
■
6-f
"5%
-
42%
79%
80
'
>
ft
>
31
16,100
Parke Davis &
31%
•31
-■19%
19
19%
18%
19'/a
20%
20%
20%
20%
71
71
71
54%
55%
55
38
38'/a
14%
13%
14%
28%
g 14 y4
13%
27%
72%
27%
: *33%
36
24%
*33 y2
my2
33
33
♦321/4
33%
33%
32%
28
28
101
101
101
43%
33y8
28%
12%
12%
12%
•41%
12%
*13%
*13%
13%
13%
Penn-Dixie Cement Co new
36
V
>I13>> 115
X*32Z% 34%
32%
33%
34%
33%
14
70
108: v.;/
*106%
12%
*14
28i/a
*27
43%
34
24,700
33
*i25y4
102%
12%
141/4
126%
700
103
12%
12%
30
73
74%
80
44%
43%
43%
43%
43%
43%
44% &
»
65
66%
66%
66%
66%
671/4
67 'A
68
30
30%
113%
114
5
114
114
30
30%
30
30%
30
> "
30%
30 y8
301/4
120%
120%
120%
•120
120%
*120
%
;
79%
114
70
30]/4
301/4
29%
30
♦120
125
30
30%
*29% > 30b>
/I21v
10.600
30
121:
16
15%
16%
16%
16%
16
16%
I6I/4
32%
33%
33%
34%
341/4
35%
34%
35%
46%
45%
46 %
(t 45%
47
46 Ya
46%
46%
47
109%
•109ye
109%
103
.102
103
*30
*31
128%
.3
110
*102
103%
*127
30%
*127
127
*109
109% •110
30%
103%
*31%
33
128%
•127
♦109%
102%
33
;
31%
.
*31%
32
32%
34
34
34
63%
63%
62%
128%
*127
34
107% 107%
*135
•107%
67%
J
11%
109%
May
24
24%:
;
0
33
33
*198
.
34%
:
108%
34%
108%
*107%
•135
69
35
.
«v
5L
&
'
%
•33%
10
7—
.
*208
♦208
12
12%
12%
12%
i
8,300
99
99
98i/4
98%
140
24%
25%
25%
25%
26%
25%
17,800
;
39% Nov
4
34
21%
30
Dec
26
17%
Dec
Jan
78
4
Jan
22
Feb
40
16
*208
41%
45% Jan
$4
86%
M 87
V
-
Pitts
;30% Jan
34
115
12
Coke
23
46%
Nov
Nov
46
Dec
89% Feb
20
115
32
26
Apr
Apr 22
51% Jan 25
32% Feb 26
25
40% Jan
,
11
36% Jan 17
Mar 13
140
88%
'89
*28%
36%
37%
28%
:
22%
24%
37
139
116%
*115%
May
8
63
Jan
116%
Jan
21
26
Apr
43% Mar 18
109
v
:
Mar 12
Apr
2
16% Feb
6
35 y4 Jan
5
80
9
13
65
May
111% Feb
May
7
45% Apr 29
76% Jan 22
27
117% Jan 18
36y8 Jan 21
27% Feb
25
30% May
27% Feb
25
31
Feb
27
118
15 *
139%
138
•: 138
147%
146%
X25%
110%
110%
34%
35
62%
27
23%
23%
15%
92
b
1
35%
26%
*110
116
;36%
62%
.
36
:
39%
5
Jan
17
71
Jan
28
No par
—100
No par
125
Jan
10
49
Feb
25
/ 30
Feb
27
Apr
25% Feb
27
36
27
106% Jan
100
Mar
134
10% Jan
Jan
8
128% May 1
69
May 10
*41
30% Feb 26
..28
139%
115%
63
*110%
115
:
28
450
115
36%
350
!•'•:'■ 8,300
■M 15.100
i
'
'•"•••
2,600
Friday
6 per share
9 per share
23%
15%
16%
,
153/4
16
15%
700
23%
16%
91%
26%
110%
1103/4
110%
110%
1103/4
46 %
45%
46
45%
45%
453/8
45 3%
45
28%
29%
28%
29%
29
293/8
29 Va
29%
37%
37%
37%
37%
37%
38
373/4
37%
37y2
38
27
26%
27
26%
27%
26 3/4
26%
26%
'45,400
46
29
27%
*50
51
46
*42
46
30
*27%
28%
*112yfl
110%
93
26%
110 3/4
/
*92
26 V*
♦1103/4
94 Va
:
900
76.000
90
111%
700
11.300
>
*50%
52
52
*50
52
: *50
52
46
*42
46
*42
46
*43
29
*283/4
30
*27%
29
30
30%
♦111
112%
1,200
2,400
♦112%
112%
*113
114
*50
112%
*113
112%
♦111
1U%
■
11
Jan
35% Jan 15
500
10
114
111%
113
40%
40%
41%
41%
41%
40%
41
413/8
42
42 3/a
43%
2,100
25%
25%
25
25%
25
25
24%
25%
25
26
26 V4
27%
7,800
43
*103%
29
For
114
113
114
,
43%
42%
43%
43%
104%
103%
1033/4
*ioiy2
29
29%
footnote
see
29/4
page
2600.
29%
443/4
105
30%
115
21% Jan
29 % NOV
122
Apr
Aug
12% Aug
31% Mar
56% July
107% Sep
19% Nov
44% Dec
74
34%
Mar
44%
Jan
11
124
*•
Jan
25
8
Feb
16
26% May
26
10
Feb
.37% Nov
Mar 13
85 Va
126
106
8
20% Dec
15%
Mar 29
8%
65% Jan
25%
Jan
39%
30
3
Feb
93
Feb
27
18
45%
*101%
293A
47%
105
30%
Dec
117% Oct
18% Jan
28% Jan
X21% Mar
62
Feb
44% May
103
May
Feb
91
Jan
Jun
35
8
4
4
69% Jun
68
21
18
28% May 10
3
>
31% Mar 12
20% Mar
49% Mar
91% Jan 30
May 10
26% Apr 20
39% Mar 18
43%
110
110
140
45%
46%
453/4
47 y4
17,800
*101%
1033/4
*102%
29%
29%
29 y2
1033/4
30%
5.600
100
Dec
30%
17%
Jan
27% Dec
33% Deo
7
12%
Jan
16
16%
Jan
25% Dec
26% Dec
55
Mar
66% Nov
71% Apr 27
53
6
May 10
103 % May 10
8
39% May
33% Feb 19
1
3
Jan
9
30% Apr 22
115% Jan 10
17
Feb
102%
Feb
115% Deo
120
Feb
7"
126
106%
Jan
126
Dec
100
132
Jan
3
139% May 10
138
Nov
100
143% Jan
7
150
100
—No
par
58% Mar 14
19% Feb 26
Mar 19
32% Jan
Jan
2
110
17
121%
Jan
117% Feb
15
112%
27% Nov
Jan
Jan
69% Jan 15
-
X148% Nov
38% Feb
2
17
106
__
Ralston Purina Co 2%%
Highest;
__
19% Feb 20
24
May
15
Mar 13
19
Jan
87
Feb
7
15% Jan
3
28% Apr 24
112% Feb 11
pfd
Raybestos Manhattan
Rayonler Inc
_1
100
No par
1
preferred
109% Jan 10
35
t per share
Year 1945
>
Highest
9 per share
15% Jau
22% Deo
28
10%
Jan
19%
96% Mar 19
78%
Jan
90%
Oct
7% Mar
18%
Dec
3
103
Jan
3
49 % Feb
6
33
July
Aug
21% Jan
3
29% May 10
16
Mar
39
Apr
33% Feb
9
34% Jan
4
19%
41
111
25
1st
non-cum
2nd preferred
preferred
Hosiery
3
15
49% Mar
6
53 Va Apr
18
50
43
8
46 Va Jan
9
36%
Jan
17
11%
Jan
4
102%
Oct
137
69% July
17
Jan
143
5
100
—
& Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co new
100
No par
5
Remington-Rand
1
Preferred with warrants
Ino_._.
Jan
26% Apr
50
non-cum
37
50
„
23
__
1
Feb
22% Mar 14
4
112% Feb
125% Jan
17
45 % Apr
22
27% Jan
23
Apr
Mar 19
106% Jan
85
31
Apr
7
15
32% Mar 13
101% Mar 8
25% Feb 26
43
Jan
Mar
Deo
Deo
43% Dec
25
Reading Company
Nov
Range for Previous
9 per share
II
No par
No par
$3.50 conv 1st preferred
->um
:/>>-/
24% Deo
112% Nov
Jan
Lowest
9 per share
Jan
65% Oct
May
23%
4
Faf
„
118
Jan
Range Since January 1
Lowest
Radio Corp of Amer
Oct
47% Jan
28% Apr 22
113% Apr 11
1
STOCK
V
Radlo-Kelth-Orp"
Motors,
Deo
27%
24% Jan
23% Jan
Quaker State Oil Ref Corp.
Reo
Dec
109
EXCHANGE
(Robt)
22
Jan
—100
NEW YORK
Preferred
Jun
:
12%
63% Feb 18
26
108
Rels
Jun
198
Feb
>30
3
5% conv. preferred
Purity Bakeries Corp
Real Silk
Jun
:
b 27% Feb
26
114% Jan 23
$2
Dec
15% Dec
Mar
99
198
Pub Ser El & Gas pfd (5-—No par
Pullman Inc
No par
Pure Oil (The)
-No par
b
12%
Jan
No par
No par
preferred
preferred
•
44% Dec
6% Jan
8%
Dec
205 % July
34% Jan
Mar 25
May
20
Jan
141
25% Apr 15
Feb
—_5
14
22% Feb 16
7
83
;
48% Jan 15
3
Jan
57
—No par
Inc.
$5 preferred
6% preferred
7%
,
123
23
preferred- —No par
Pub Serv Corp of N J
:
14% Jan
Dec
23% Nov
Jan
190
Sep
11% Dec
;/
Jan
8
Feb
Dec
v
108% Feb
118% Aug
8% Mar
15% Feb
Dec
35
-
Dec
Jan
105
3
106
Dec
59%
' Sep
.
7
2
Sep
Apr
113
14% Jan
>111
Feb
40
1
Gamble
cum..
Oct
29% NOV
Jan
May
14
50
A.¬
4%
V
40
114
ser
4%
46
29
112%
h
27
*43
~
Jan
110
Jan
9
preferred
Shares
92
51%
106%
136
203
1
Industries,
Sales for
the Week
:;
May 10
27
*43
600
"■
36%
913/B
*28%
Dec
71% Dec
8
10
Public Service Co of Colorado
330
\
116%
64%
26%
25%
*50
40 Va
Jan
'
92
27%
570
146%
26%
*45%
:
1
No par
—No par
$4.75
660
92
27%
Deo
Jan
57
12
.100
.100
(The)
Publicker
13,700
253/a
46%
36%
25
104% Mar 26
is—No par
Procter &
4,800
28%
93
27%
3,000
17.400
,200
112
146%
Thursday*
May 9
9 per share
16%
Dec
15% Nov
19% Aug
HIGH SALE PRICES
Wednesday
May 8
15%
v
•
.
137%
63%
26%
36%
53
25%
*45%
112%
*110%
6 per share
15%
15%
13
117
19 Va Feb
47
111% Mar 27
-—-7%
4%%
100
68%:;:
26%
111
37%
26%
J
Dec
Mar
Jan
121% Feb 19
Mar 13
102
100
Pressed Steel Car Co Inc.
10,200
*122% .123->v 'b
146% 147
*115% 116%
115%
63
111%
23%
*91
•b 9%
Jun
108
Jan
25
_10o
5
Poor A Co class B
2,000
.
i
103%
110%
24%
27
115%
61%
X26 %
27%
28%
.
58%
24%
92
24%
147%-
Tuesday
May 7
.
I per share
23%
-V
111%
35%
LOW AND
.Monday
May 6
383/4
123
u3' 62
'
46%
1031/4
383/4
123
26%
S per share
38%
28
23%
25%
677/a
47
122% 124
137 % 139%
62
1
39
/>:
28%
68%
103%
124%
*115% 116%
116%
8
30
Jan
32% May 4
42% Feb 27
105 % Feb
7
3
Pond Creek Pocahontas
3,500
.
700
24%
*57%
112
25%
41%
105% Nov
14% Apr 13
No par
J 00
Plough Inc..—
Plymouth Oil Co
2,100
23
243/4
58% 1
'111
61
Saturday
May 4
28%
46%
*102%
23%
111%
26%
34%
37%
38
68%
,
37
111
62 y4
♦110
47%
103
24%
28%
26
110
68%
45%
103
'
35
37
112%
62%
35% •;35%
;
23%
*57
32%
24
37
122%
139%
146%
146% 146%
♦116
j:
103%
22%
58%
67%
67%
45%
22%
24%
31%
24
.
28%
139%
139%
147
24
*56%
30%
24
*36%
37
111%
123 y8
♦146%
447/e
*103
30
24%
.37
21%
38
58
66%
>
104%
122%
122%
30
24
29%
Jun
119% Nov
104
No par
Glass Co
Pittston Co.
26
23%
■'
37%
37%
28%
28%
-t.111% 111%
37%
140
/
58
20%
43%
Jan
4
38
1
Pittsburgh Steel Co
-^=_No par
7% preferred class B__—-100
5% preferred class A_—_;r__.100
5%% 1st ser conv pr pfd
100
Pittsburgh & West Va
—100
Pitts Young & Ash pfd
100
■:>
24%
37%
68
67%
44% >46%:
28
*110
11% :r
:17%T
*199
*103
111% 112
140
87%
29%
July
19% Jan
92%
106% Apr 12
10% Mar 13
No par
com
Pitts Screw & Bolt
24%
21
8
88 y2 Jan
..100
S
preferred.,
Pitts Plate
29%
24%
37%
43% Nov
38% Nov
May
2*10
7%
16%
1
*112 Va
210*,;
11
23%
27
*208
42% ''43% ^
58
*37%
210
16%
25%
96% Nov
Jan
128
30
liy8
25%
Jan
14%
14
3
42%
25%
69
•-
111% Jan
23% Jan
16%
*110
26
Apr
24% Dec
Dec
49
Pitts Ft Wayne & Chic Ry
42%
86
20%
113
30% Jan
9
Pittsburgh Forglngs Oo
300
110%
20%
♦130%
25%
♦198
:
26
•
15%
25%
/
87-
Dec
Jan
Nov
33% Aug
37% Mar
May
98% May 10
21% Mar 13
16%
86
Dec
30%
19
Jan
Mar 25
Chemical Co—No par
&
11%
87%
Jun
;
41%
26
*25
110
25%
7;
*208
86
17%
33%
Dec
111
May
27% Jan 24
47% Feb 16
26
Dec
11% Aug
28
16% Feb
4
$5 conv preferred
No par
Pitts Consolidation Coal Co—
1
16 y8
•199
♦199
■
210
*25
.
•25
122%
139
;
♦198
85%
*85%
.
May,
49%
Apr 29
No par
10%
*110
72
Jan
58
•
100
100.
preferred
10%
140
24 % Mar
Jan
21%
3
16%
*110
•110
Oct
Dec
48
Hosiery
16%:
•
6% Mar
X18
59
Apr
Jan
57% Feb
Feb 25
36% Feb 26
13% Jan
5
23% Mar
Feb
20
Apr 29
24% Jan 29
19% Apr 15
28% Feb 25
No par
10%
41%
10%
•16%
;
25%
*25
*198
220
Dec
3
2% Jan
29 % Feb
2
Pitts C C & St Louis RR
12%
25%
Dec
73%
5%
Jan
27
Pillsbury Mills Inc....,,,
700
108%
1081/4
•135
—
34%
•107%
98%
25
July
57%
32%
Feb
preferred
3.60% series preferred
Phoenix
600
12%
24%
.
110
Oct
27% Mar
7% Jan 29
45% Apr 22
110
100
is7 %
10
8,100
88%
%
Dec
100
33 %o
Phillips Jones Corp
preferred
PhUlips Petroleum
; 600
128%
12%
:%/v25-\Z
*24%
106%
9
'
*198
Dec
Jan
4%
-5
130
99%
12%
*98
*98
Oct
14%
x80%
Jan
43
Corp
Philip Morris & Co Ltd
500
:
•'*33%
34%
4% Mar
56
X40
Philco
9,100
18.800
67%
.
33
*135
*135
/•
32%
<127
128%
"
*107%
.
% 4.4% preferred
Phila & Read Coal 8s Iron..—.!
11.300
•
103
*102
31
;
X66I/4
>
64%:
109%
110
31
-
16%
/ -46%/ '47/4
:
47%
102%
v
64%
10
Dec
111
Sep
3
100
2nd preferred
Phila Electric Co.
70
34% '35%
35%
*102
\
50
..10
:A:\$ 1 preference com
2,600
.
15%
>
1.230
114%
*113y4
15%
,
106%
13% Feb
Phelps-Dodge
Corp
23
Philadelphia Co 6% preferred
50
$6 preferred
No par
8,700
%■
f
32%
>
14% Jan
90% Apr 25
110
May 1
7
•>
No par
Pfeiffer Brewing Co
Pfizer (Chas) & Co Inc
1,200
18,000
v
67
113%
30
Dec
20
X39% Nov
*
14%
42%
69%
&
Petroleum Corp of America:
2,200
66
;
Power
4%%
•>.:
42%
113% 114
30%
•114
Apr
Dec
29
Apr
Dec
12
Jan
29%
32%
28% Jan
100
Pet Milk Co
300
108
14%
i
f 1,800
<
43%
♦106%
12%
141/4
800
*42
41%
108
:
28%
*27 y8
103%
:•
*106%
12%
100
1261/2
bS 41%
108
35
67
>
Dec
Nov
Mar
13%
Apr 30
35 y2 Jan
No par
Light Co
Pennsylvania RR
Pennsylvania Salt Mfg Co.
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
Pepsi-Cola Co
Pere Marquette Ry Co—
5 % prior preferred
5% preferred
700*
115
♦32%
65%
m 65%
111
10
v•4 % Jan
•
7
preferred
Penn
4,400
26,400.
.
42
66%
42%
•120
5%
*112%
28%
1
10
Glass Sand Corp—
Penn
100
35%
♦34
*113
'
*66
16% Mar
82 Z
67
1.700
103
42%
42%
*106%
10
Jan
6
20% Apr
9
56Va Apr 22
/ 51
3.400
104
12%
•<
.
108
27
85
1
:
104
*42%
3
3
No par
i:
126%
*i06y2
5% Jan
9
No par
15%
128
•42%
5
Feb
Co new
28%
128
*106%
6
52'/4Jan
57
Airlines
14%
102%
101%
Aug
42
46
16% Jan
Mar 13
108% Jan
2.50
28%
28%
127
•124
125,.
Jun
10
16
22
75% Feb 26
No par~
i4y4
600
110
Co
Transportation
Penn-Central
500
110
%
Mines
28%
•
57%
110
32%
10
1
Corp.
Penn Coal & Coke Corp
45% ■:/:
•109
*27'/a
17
—1
Consolidated
(J C)
Penney
7,200
12,200
41%
*110
125
39
45
•53'/a
33
500
.
::
55%
38%
55
54
*26%
May
19% May
100
Inc
Inc
Penick & Ford
73%
54%
40%
45%
•123
9
No par
10
45%
55
my2
45%
54
33%
175
160%
par
Parmelee
41%
41%
46
55
*31%
Jan
Mar 26
1
No
Patino Mines & Enterprises
40%
40%
*45%
*31%
Dec
11% Feb
4
8,000
25%
*54
41%
149%
Jan
34% Apr
12% Feb
108 y2 Jan
5,600
24%
♦54
40%
Oct
Jan
181
100
19%
24%
24
*45
41%
*60%
Jan
8% Jan
23% Mar 14
3
Parker Rust Proof Co
1,800
45%
25
24%
Jan
Jan
171
26
20%
*71%
•
*113
*113
23%
24%
27%
36
*33%
;
♦113 :<i
*113
27%
72%
•
31%
20
55%
38%
■; 37
'■$. 27%
*>34-
•
.
71
'
Utah
45%
19%
55
34%
121%
Feb
Pictures
Tilford
44%
20%
37%
&
43%
18%
20
36%
Park
Park
18%
53%
2,500
10.100
20%
v-
24
48
48
37% Jan
preferred
conv
Paramount
49,000
"
6%
18%
37
81
5%
20
54%
84%
6%
31
•71
Mar 18
1
0
Inc
43 >
32
.•
4%
80%
Cos
*6%
31%
31
Paraffine
31
43
31
:
79%
41%
v
Nov
24
2%
preferred
Dec
Nov
89%
Apr
No par
Panhandle Prod. & Ref.
200
*109
82%
80
.79
6%;
42%
r./v—
78
,
?
43%
:
4%
22%
23%
152 Va Feb
Pipe Line—No par
East
Jan
Jan
Mar
10
Pan-Amer
Panhandle
48
4
42% May
—1
American Airways Corp
Petrol & Transp
900
3.400
*109
86
,
*109
77%
*77%
Pan
49.400
19%
53%
13%
11%
45% Mar
142
100
-
Packard Motor Car
75.900
20%
-
preferred
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
500
19%
42%
•'
6%
new
16
45% May 2
64% Feb 15
19
-
56 V4 Mar
No par
Mills
3.700
20
40% Jan
Telep & Teleg————100
300
■:
8%
34% Jan
23
No par
Pacific
210
31%
S%
&
Pacific
3.600
53
110
,11
♦109
77%
76%
74
78
6%
:
179
45
Gas
22
86% Mar 19
"
; 85%
*84
V;:'
•
77%
'
:
149%
9/8
19
12
11%
12
85%
*84
9%
53 ,'
■
Electric
Pacific
Pacific Lighting Corp
8%
'
'
350
1,500
19% Jan
24% Feb
2
19
••V. .7.300
31%
33
9%
v.
Jan
Feb
::
20%
18%
53
110
'
*84
20%
18%
'. v" 51
111
♦110
■
v
9%
18
77
64
178%
8%
'32%
.
53%
18%
52%
33
9%
9%
v
20%
;
18%
18%
/ *52
33
10
44
43%
149V4
j: 15% Mar 14
B
Co
preferred non-cum
No par
2nd preferred non-cum—No par
40
41
Coast
1st
"
7 *32
>
Pacific
230
-
64
179%
8%
/
43%
148%
*179
8%
!
81
*36
.
44
,
148%
":
>.*77
44%
64
64
v
178%
178%
179
8%8%
■>>
44%
148
7/
148
V *75
82
43
44
147
43
*147
19% ,'19%
•>.'"44
64
43%
*41
42%
'•>
22
80
.
i'-i" 43
447/a
64
;t
43"..'
w
i
44%
44%
64
82
22
Paclflo Amer Fisheries Inc
1.100
'
*77
•
.21
20%
Not
38% Jun
/ 29%
Mar
60%
Dec
46% Deo
28% Dec
31%
Jun
Deo
Deo
27% Mar 25
8
3
22%
105y8 Apr
99%
Jan
32% Apr
9
15%
Jan
47% May
Jan
36 %
Dec
102% Aug
29
Deo
Monday, May 1.3,1945
FINANCIAL CHRONICLE
&
THE COMMERCIAL
NEW YORK STOCK RECORD
•
Saturday
%?
''
May 4
Monday
i
May <>
;
"
19
'
14%
V
15%
15
'
Z 18%
18%
18Ya
18%
34%
33%
34%
*114 %
115 %
25%
109%
1081/4
108%
*108%
37
37%
38%
38%
38%
124%
""120%
•120%
•".-' 25%
*
46%
"44%
44%
46 %
*46%
47
"44%
?? 46%
105%
106
44%
46%
105%
105%
""
'
105
.
V""
Va?A;?;?38%
39
?
124
;? 44%
45 Va
';■■ *46%
25%
26 %:
25%
26%"
17%
17%
18%
18
18%
39%
17%
17%, ,18
47
*37%
38%-
39
39
lO'/a
:
105%
".•:■• *105
•
"26 Va
2(i Y4
.
'
*39
*
10%
11.%
10%
10%
27%
27%
29%"
58
27%
58% "
,58%
26%;
26%
IOY4
29%
68
-y;
,
'
59
V
11
60 V4
'
26%
26%
.61
26%
14.400
•
Ritter
80j
t
•1.600
7*63
-63
.30%
113%
xl4%
14%
.
•
.
14%
14 V
70
77%
78%
'•>; 56%
^31%
68
*68
,
78
32%
46%
?- 20%
-?•
20 Ya
'
?
"•
34
•>
?:
12
21%
*41%
;• *53
*191%
-
53Y4 .?■.
53Y4
V ?
195
59%
29
52%
•"
*92
93%??;
*27%
28
*92
10%
y
24%,
98 y2
31%
32
34%
-
105%
'
47%
*45
•
;
80
51%
:
*111
•
r 77
•
•
'
♦111
*
49% «-v
*130
??■,
134
*132%
142%
143% 1,43% '
-
:
19 Ya
.*••:
•78%
21%
*22 Ye
23
.
2.500
700
:(••■
450
V
193
■
28%
i-.-'i?':
29%-- —28%
V
93%-
■
60%
-
83%
92%
•92%
-46%
*
28-
11%
10%
%'t'
*22%
98%
49%
;V;'32 ■/;■
V
*82%
84%
*82%
-34 Va
36."
106
v
*106%
'
-
53%
53
■•-
>
46
46
-
y
*
47
-
10%
*
•
-31%
84%
7
60
Jan 23
52%-
r
V,
.
*
,8%
10
25'
26% Feb
3.300
.j.
18.400
"
;
47%
,
--
114%
-
oparxs
Spear & Co
y?
105
21%
--
8.300
L.400
24% J<m
"A •49
49%
20
.40% Feb
106
33%
111,500
*82%
847/a
3
38% Jan
V
46% 7
54%
116
50
'
-v 52
116
114%:
52%
-53%
22
-
''*lli:
••
—
55
'
A! 1.900
i
1I4V4 ••>
114 VA
•
49%
131 -;
A *130%
132,A
25% '•?•'
-•/:■:A
143
47%LV ::
•:
25%
2S%-7: :
106
47%-
77%
26
;
26%
56-v
*45 V:
•
*21%
'
132
•
141%
55%
•
,.i
116
2034 jpn
38 Ya May 10
19% Jan
7
27% Feb
5
24% Apr 13
-45%-
.-
t
j
29%
-19%
19%
«
200
v,
78%
-
47 Va
;
22' •;•
20%
v
21'
'118%
v
V?
4.21%
31%?
30%
21%:
20%
21
173/4 Jan
*107 V4
109
10%
46 y2
47
45%
'
.■':''•;•'■
31% ?
132 y4
(175 '
Jan* 11
V 33% Feb
:
V•39-A
20%'
21
107%
193
•
11 y«
i-
11
48%
45%
52%
37%
33%
:■■•<•••
37
»i07y8
12%
■;
>
110
.12%
/.v?
136%
32
-52
-
32%
136%
*135
46 %
38%
33% :
.
*11
8.800
Sun
17.100
,
Chemical
36%
36'/a
110 Va
107 Va
13 Va
AND
HIGH SALE
•
11 Va
.1:3.400
9.000
33%
4: 4.000
135
88
Jan
29
64 Va
Jan
90
Feb
16
26
'Jan %4'v ;
?
;
50
May 4
40% Jan 30
20
31% May:' ,$
73 % Feb 13
.
20 SA Feb 26
4
$ per share
9 per share
sunshine
50%
•
:
30,% Jan,
55
*11
>A
i6 y4
113'4
11%
21
-
16%
ny4
,
21%
"21%
61%
•59%
62-•::
12%
12%
53%
13
54%.
29 Va
16%
•
11%
i6%:
16%
.4-?8.
627/a Feb
106
JQO'
11%.
*11%
11%
,
.
22
200
78% May
108% Jan
(The)
:
Carp
22
,
61%
62
t.
12%
12%
;
52 Va
28
20%
52%
28
,21%
*,48%
;
44
12%
53
*63
277/a
28%
27%
21%.
48%
43%
22%
•22%
;
v
.
,
4
-
63
63%
27%
28
,*104
53%
t,
50
,43%
-60
,
22
22
22% "
106%
*104
49
43%
44.
63%
27 Va
26%
>*104
-"
Far lootnate
see
page
-
63 Va
2600-
1
x
r
■
50%.
26%:
106%
62%
13V4"
13 Va
54 Va
54 Vi "
28%
29% *
22%
-
23 y4',
44%'V
64?;
63 V4
.13%
"
49-r
106%
-62%
23%-
50"
V-44%
64
64 "
26
*104-
54%
May 10
,*16
Vu%
-
22
■62%
13
:
"50 V
51--
454A
.45% "
64""
64
:
,' 5.4 %
29%
24%
T
27—
106%
55
.
X28% s
-23%
50%"-
46?,
.25
Jan
.
30y4
Nov
39
Dec
83%
Jan
t
Nov
23% Dec
Jan
99% Nov
39?
28
23
:
67 Va
10c t
No par.
23
12%
YORK
Shares
1013/4
16
416
1J
103/4
:
!
16%
'
11%
22%
29%
■'
"24%
.64
800
%
4.000
55ya«30%
r
51%;
45%
47 •
,.*531/3. .64
301/4
29%
>104
106%
3,000
;
330
•
24
;
35%
Jan
15
513A Feb
Jan
Feb
),.
>
4
41 Va Feb
36
>
;
4
V 2.000
•
•
?• 22
••Ndv.;?,'.'::
Dec
Dec
73%
9% Dec
25%
Aug
Jan
63
Apr
39% Nov
38 Ya May
30Ya
40
?
24% Dec
Dec
" Apr
?; 43% Nov
7% Jan
13% Dec
29
14
Feb
11
v
167/a Jan 28
??v v;
_.J—_r,—1—No
Year 1945
'y;
.'?:•<?' ':■?-"■•?•
•'.:•»• ••'•'
11% Jan -25
18 % Apr
13
Jan
16
?
2
.
'
48
"
48Ya
Jan
15
.6%
Jan
66
Anr
17
36Ya
Jan
42
,
>
307/a 'May 10
26
Feb 26
62
Anr
47
May 10
Jan
.
7
59% Jan 4 7
16
Mar 14
103
Feb 27
13%
Jan
30Ys Jan
30
■64% Jan 28
30% May 9
105
Jan 10
Dec
10% Dec
eiYa'NoV
313/a Nov
10% Aug
'
% May 10
3
16 3A Jan
,27
;
€2
1
22
,22% Feb 25
f
13% Dec
19% Dec
5
Jan
Dec1
$4
Jan
Apr
05
?
Jan
Jan
•13 Ya Apr
22% May
Feb -26
9 Va Mar
■
7Y4
4
Jan : 4
,52
-'
.$ per share
*
11%
17
1
■
7%
20
105/a Mar
/
Highest
I per share
*
1
par
100
Lowest
$ per share
.
•
20% Jun
65% NoV
14Y4 Mar
31% Dec
44 3/4 Mar
:
61 Va
8%: Apr
x93 Ya July
'/
Dec ?;
Jan
31
Vj Jan 2Q.V V 31%.Mar
Jan
Dec
25
5V
41
Dec
33 7
137 'Dec
79,."" Jan
17%
4?
v109
:
?
Nov
127% Mar,
Aug
yf
18-r
6
par
4Q0
~-Na par
preferred-—.-—So par
preferred
.
109
Mar
18
9
!
thntpher Mfg Co„.___
6%
'/• 24.
53/4 Aug
110
'
,6(LV4 Jan
26
,? $.per share
4-1
$3:60 conv
•' The Fair—
Oct
V
3'
18
Mar 29
138
3
2
Apr
4
•''I
1
4
Dec
Dec
22
Jan
119% Oct
Range Since January 1
Lowest
Highest
4
.
? 25%
28 %
Aug
Jan 21' / * 55 % Apr
:
—5
—5
^5
,
Oct,
Jan
Nov
57
34% Mar
,.
26%.
51
telautograph Corp_
.7.500
,
'
!
106 ■'»■
:? 18%. Jan
:
107/a 'Jan
9
107 Va May
^ vS'nCr'
Tennessee Corpi__-._----,
Texas,Co (The)^
Texae Gulf Producing^
2,200
Texas Gulf Sulphur.
22.100
Texas 'Pacific Coal & Q11-.
78.500 1 Texas Pacific Land Trdst_._
3,000 - Texas
Pacific Ry .C|o.
-5,000
,
•;■•';'•
131/4 v
45
Sep
jl09
109 May
V12% May
* Tfelcott Infc (James)?.-
500
Dec
47
:
Range for Previous
STOCK
'•
20% Dec
Aug
34% July
18 3/4
41.
31^/4 Mar .j,8
Nov
3334 Doc
38
5
Jan
Oct
5
Jan
36
>
34
•
1233/4 Mar 25-
5
( 37% Mar
$8
Si—
108
Nov
Dec
75% Apr
28.% Mar 14
:
27
.105%; Dec
16 V4
"11% May
,,100
—^,'-,10r
44 Ya Dec
68 Ya Nov
Jan
? 193,4 Aug
9%
V
Deo
-18%
.53% •Apr
Mar
56
49 Ya
.
1
3
7% Feb 26
115
38% Jan
33% Jan
.
17
V
26
V
,
33 Ya Npv
121
Dec
I343/4 Dec
28
Jan
? 44% Apr
1
HYa-Feb 25
; t.v
—;
i
Jan
78% Jan
y
'34 Va
21% •May
,Apr 18
,117
49% Dec
115% Aug. .'-•::•
Jan
233/4 Apr
Feb ,26
Feb
64 !
Feb
;
40% Dec
4
Dec
116
•
?
May 10
; Feb
?
Jan
2Y«
,
10
F°b
,
Vet
|ll%Jan
;
1
13
v
lQ7%.July
39% May 10
7
8
Feb ,26
,
Jan
Mar 18
100
EXCHANGE
the Week
# per phare
v
6314
13/4
4
Sop
44 y4
12Y8^ar
109 v?; Mar 13
20 Va Feb 26
t
J
•■ '
J
CO
9
V
par
100
cum) ?
.
63
3
105 Ya Jan
Feb
25
^9%
1 *■ s" 16% Feb .26
;
No par
(4%%
'•
3.
yf4l% Jari
:
.
26% May 10
Feb 25
24 V»
1 V
V'21
20;
i
18%
No par
^_i ? V 26%
preferred—No
A
Mining
NEW
Sales for
Friday
"
•
;
Mar
76%
Jl
£8Vb May
8
May. 7
41
.8,wt|t International Ltd
Sylvanla Elec Prod's Int___. n0 var
$4 preferred————No par
Symington Gould "Corp
1
10,500
16%
11% " 11%
21%
22'
'
•
Dec
Dec
95 ?
47%
9
Mar
May 10;
115 V8 Mar 21
533/4 May IP
26
.
17% Jan
—5
100
I
Corp,—;
Co
eswvii <s
5.300
371/4
14%
•
16%
12
•20
Jan
Feb
:
^4
Feb 26
37.
j.
V 20% Mar
■—!
Sweets Co of Amer (The!
4-1-100
108%
May 9
16%
Dec
;
May 10
••
110 /
3
t
Feb
114
,—9 %
Superior 8teel Corp
5.300
331/4
36%
4
9 per share
Nov
Dec
24% Apr 25
33»/a Feb .21
:
•>:•
16%
*16,
32"
STOCKS
t per share
Dec
Nov
27Vs Jan
-L0914 Apr 10
21%'May 10
7 Ya
80
.
86% Apr 1
397/e Apr 10
93% Feb 26
.filVi—fiW
•Sutherland Paper Co
600
39%
13'
14
'
-
1
17
Superheater Co:(The)
Superior Oil of Calif
300
•
52
*107%
36%—v
/
13%".
Thursday rt
May 8
May 7
Dec
Nov
21% Dec
6% Mar
26% May 10
98% Apr
40%" Feb
v
.
93
I 3JL% Jan
92% Jan 14
>
Dec
873/4 Dec
80% Jan
•
Oct
1
3«34 Apr 23
13Ya Jan 29
3
Jan
•
,
Dec
24% Dec
62
■? 60%
19.
Sunshine Biscuits, Inc,—,—12.50
1.403
...
O4'
Jtanrai?
"46.300
49%
-21%
PRICES
Wednesday
Tuesday
Jan
Jan
?w?
LOW
37 ?
Jan
Jan
lO'/a May 6
«:T5% MarvS 5
-T„:
Monday
May 6
17
t
38%
59% Apr
—
Class A pfd
70
32%
?
107 y*
13 Va
13%
26 Va
>
180
Apr
32 %
42r»<Feb 26
Corp
Sun OU Co
900
V
series
$4,50
70
38%
33%
36%
60%
6
/125 :•'* Feb 26
3% preferred,,
StudebaJcer Com
2.200
38%
33
*107 Va
13%
32%
51%
37
12%
■•'••
■•'•
.>48y2
110
36%
*107
,
20 Va
47V4
33%
7%
36%
VV40% Apr
155
V; ; y
18 3/4 Dec
8
LNo par
-
.
18.200
74
■•••
49-
*132
38-
33%
l
40%
17
—No par
8tokley-Van Camp Inc
.5%
prior preferred,
Stone & Webster
400
-
(Thc.» ^
Stewart-Warner
8.000
?
120
47
*50%"' 51%
38
•?v
32%
96
Jan
91
v
Jun
/
Aug
6
Sterling Drug Inc common-1
,V
A4.500
-21%
73%
134
'-*47
-46
■?'
.
20 Ya
5
Standard Steel Spring-Starretf Co
100
,4
*45%,
48
*51
V'
46 : -
32%
134
Jan
4% Aug
;
Dec
24%
1
• Apr
66% Feb
149% Apr
:3%%> .preferred series A—,
500
110
?
20% "••;
-20%
21%
32%
3
'47
;;
37%
".33*%
12%-
4
33
V *45 %
■
20%
2iya;
45%
.*51
,
36%
35%
v.":-"
108
v
38%?
33%
lA
31%
22%
Jun
29% July
13 Va Jan
8
135 % Apr
'
200
A?
2l%t
*119
•>•?
49 Va
48-
>
65% Dec
Aug
22%
28
28
11.200
.;
-39%
32 '
*108
120
21 Va Dec
■
Jan
15
Nov
44%
t
14% Aug
41%
?
12 Y4 Dec
46% Dec
Jan
30% Feb
?
Dec
36%
<
62;
25
22%
20%
:>•
-
11%
?47%
135%
47% V
1
May
.
893A Jan
3
Feb
10
3,800
30%
73%.,!?
*119 v
70% Nov
5% Mar
48%'Mar 13
——No par
Standard Oil of New Jersey
63
21%
109
-■*73
22% Nov
54'A'Mar 13
5 l
standard Oil of Indiana
10.200
21%
-
?'•
22
Jan
July
" Aug
32%
May 10
••
59% Feb
26
22% Jan
.
-—No par
Standard Oil of; Ohlo4,__i.
26% C
107
21%
20%
?:>
30 Va---31
-
72%
48 Va
20
-
135%?
*51%
33%^!?
?2%
'
32 V
:•?•::'
38
36'/a
-
119%
10%
/
*46%
33%
108
20%
45
45^,:.
52% '
38
V-
20%
*
47
47
72%
119%
73
46 '
■
%'•',•
•31%
•
136
••'.*51%'
60
21%-
21%
••
31%f
I
5
60
May: 9
1
*105%
v
io%
10%
47%;%v
.*133
109 '■*
73
1-20
21%
? 79% Nov
59
9
83/4 Feb
?
2
51 *
■>
—-1
preferred
prior
.
*107 %
109
-
•118%- 122
10%
•21
21%-r
21%
21% ^
20%
73%
47%
20%
21%
38%
*21'/a
Oct
25% Nov
May
13%
8
30% Mar.
-No par
Standard Oil of Calif
.115.200
20%
A
=-
V;:
20%
38%
:
ii Dec
100
48Va
433/4 May
16 % Mar 13
/
1
16,700
47%
59%
107%
V 20%
21%
29%
59.1/2
5*107
:
39
20%
>
-
'
■%' "31%
38%
V
107%
21%
ri
29%
20%
*72%
'
38
20%
*107V4
A" 21%
21%
'29Vh
109 %
*105%
36%
W
60—-
V
20%
22%' V
*21%
7
29 y2
60
'•
••>-'
,? 28
Jan
2.4
,
V
pi
15% Mar 14
v
No pat
preferred
$6. prior
V .$7
2.300
**
19%
47
Jan
?x 74.
16
Feb 20
34
Standard G & E Go.$4iprefw^No pir ?
13.800
-
106% I
19%
47%
19%
Jim
21% Dec
12 Va Mar
11
M*r/IA,
'-'71
.
■
16.700
-47 Vb
„77%
.
-"--
*106 y8
47
24% .Oct
•';
78
9
22
112
Jan 21
■ji: $4 prpierredL^—t,.—-No Par
;-t 41% Feb .29
^Standard Brands. Inc,
No par
v.? $4 50 rO.referred-^L—.-' No pgr > 110% Apr 12
v
132
-
107 y8
,
3S[0V
16%
;■
54% May 10
8
i
J
v/iT
|i;8quibh (JS R) &i;Sons •Refft.,,—jlVi?,
6.800
,
-
•>-25%--26%
*•105%
54.
>141% ,143% V
56 - ' 55%
>
"77% V 78
•«•:
106%
36%
36%
21%
29%
■SQ r
106%
20%
:-:"20Va
37%
21%
*108
>
47
20% ; 20%
-37
-•
19%46? k
18%
:V
•
r
54% Apr
:
•?'?:•,
7%. Sep
6
26
—1:
Square D.Cn new common.-
,
280
.
-53%
.51
-,.x45-%--46%
78
106—-
106:
106
•
141%
-
46%
78%
->*111V2
50
*130-y 131
IUIVa 142
:
55%
55%
55%-
/ 53%:
-
116'
*111%
i
6
29
22% Jan
•
.,.■
May 10
Jan
54
.
Aplegel
.V—i,,3:
•V ; vCppy $4.50 p(ef6rred^,i_iVo ijof
"7.600
55
'
'
rj
*113%
%
51%.
•
76%
..
107%
18%y 19
VV
9
40% Apr
14% Feb
■
/fS 52
Dec
114
;
,
•'vv/v
21%
22
48%
■■■5'fc '49%
54 v4
-46%
.
?4*' "45%v:";45%'; ">
58%
59% /:•
59% - 59% ??"
*106% -107 %. Ye *106% 107 »/2 >,
•
May
80
4
26
41% Feb 26
■
490
104
/
$0
7
35 % Feo
Jan
11% Jan
V
16
Feb
>
86
;
: h 17%'Feb
-No par
Sperfy Corp (The),
JBplcer Mfg Co
il.ioo
36
vy
14%
Oct
383/a May 10
Jan
'
66
.
18
^——4—?
Dec
30Y» Nov
Mar
17% Mar
107% Oct
:
8
32% Apr 18
27% Feb
•
ptfs,—AOO ii
preferred——
Spencer Kellogg &.Sons
1.000
32%
i
7
35%
17
1133/4 May
3
Jan
<
_jl00
$5.53
:
Dec ?
23% May 10
Jan
77
-4lOv:
Witbington
11%
71%
^'1
Spalding <(A G) &0Bros Inc
98
37
Oct
m 22%t Aug
9
23
—No par
^labile ,& Ohip, ^
10
y 3,100
61% NOV
65%
:?■
98% Jan
20
Iron
1
Oct
29 ? ;NoV
.
8
,
w!8
&
28
t $42%: Feh
18
Railway —No par :
non-cum preferred
100
Av26%
35%-
'
2fl
14% Dec
49% Apr
2
19% Mar 13
i
preferred?
5%
Nov
J8%>Mar
•
39% Apr
17% Feb
Southern
700
56. i
Jan
:
115% Mar
Jan
:
Southern Natural ;Gas.OP
1*50
Southern Pacific. Qo-,r—-.—j--No par J.
v
34.500
Oct
Dec.
19%: July
110% July
May- 3
V 26 Ya Jan
Southern California: Fdison______25'-.
.
48;
34
"
South Porto Rico Sugar—,_No par C
3.400
;;
37
/:■
8
dll%Jan
4,100
-.
"93 Va
j
-
*94
63%
'
105
-
51%
y.i42%
■
77, ;
19%
19 "
*45%
§ep
16
773/4 Feb
Jan
'
-•
Mar 26
37% Jan
:
'<
O)
'10%
32%-
*82%
-
131 '
143
»
,
:Vv: 24%
.
49 V4
-43%
.
•
22%
: *1-13%
11
98
48
133
;25%
Mar
21
.18 '> Jan 2$
90% Mar 23
19% Apr 26
2.800
,,
83
92
'29
•
-83%:
.--^•*94
49 Va
32% y
105
22%
'
114%
-51%
*111
f
46 %
*106 '•
33
'
•54%
?
83
.-82%;
-93%'
—23 y2-
35-%-- --35
104
22%
*113%
••
76%
107%
;
'
South Am Gold ft Platinum
411
Southeastern Greyhound Lines__^,8
t.
297/a
•
-60 '
-
7
-.26%- -28--
11:
24'
98%
34%
106
<•,
22
-
.
■
48%"
48 Vz
I,
28
28
27%*
32%
-?
77% ;;. 77%
25 y4 '• 25%
293/4 Nov
36
8
y Socony Vacuum Oil Co Inc,;
62%
29V4
29-' >•<
*92—
,
38%
-
Dec
.? 12% Dec
Mar 30
3
>
Smltn it Corona Typewrlter_No par
; " 19.800
•r
193
38 y2
--
-6oy4-
■•58%
—
-
*191%
38%
53%i- -v—52%
83 VA
,--82-'
0i
-'54?? ■'Z
•60 :V
53
193
38 M»-
■—
42,700
V'.;
-.5
t/Smith ik
1,400
V r
■
•7%
>•■
V 57%
;
'■52%/?'?';/
-*191%
—
78%
4334
16%
>?/ 7
-?
-7%5 5 Ye
-
38%
82%,-
51
—
700
76%
16-% 1
53 %
38%
V
>59%
52%
•
?
;
9
3
.' Apr
67
'•:
^
$1.20 preferred-—
•t
'•••,.'%••«
Dec
63A. Aug
22
116
76,% May
_No par
Steel
Sloss-Sheffleld
3,800
24%
4334
165'8
i43?.'0 1
16 Va
52 V2
•32
%
48%
53%
64.. May
82
3
.
30% Feb 28
.
-_No par
No par
;
VBkelly Cttl Co-^
J
19%. Apr
9
26
Jan
V53
,J Slmonds Saw k Stcel-wNo par
Sinclair .Oil Corp
^.—..-^No par
900
:
,v;
Simmons Co
v.
22,700
-
78 Ya
•77
-
—-7-"
53%;
*94*
?/,J
47%???
-54 y4
54
*■":
9
May
•?
31
•■'
;
y
9
r
116
<
46%
5;;
12% Jan
•
pref -ser A—i~No par
conv
Sheaffer (W AJ^Pen Cp
420
54 Va "yVr
54 Va
•••>
•»•
21%
'>r ' -43 «' ^
■•T
16 Ya
193
38%-
10%
51%
51%
116
49
'
«v
52
61
,
29
34% Jan
52 y2 Jan f 3
No par
Shattuck .(Frank Ql
1.700
'
52
Jan
Apr
13% Feb
30% May
20,Va Jan
3.500 ? ;Shell .Union 011^-.^—.—.v,
/
Silver King Coalition Mines
7.800
J
54%
19%':?? f: 19
-
V-
12 V8
54
'
?
..?!
39% w
"Vll%
t
•
74j/2
39 Va
60%-?-;
78 >" '78
77
52%
193
•22% ; 22
-
J
-•-*22%y -23 •"•??'/;'
53%
*92
114% n
114% ■114% ?? *113%
16 %
2
24% Feb
Dohme^.
$3.50
>
Nov
Dec
"
44'
Mar-13
,118
preferred—4—--No par
£
No par ?
conv
Sharpe
•.
400
f
25%
25%
-
12,500
i /
90'
A5
>
•
383% :KV
'?
•'
•12Ve
>623/2
-
7%
*94
46
39 Ye
.i
<36% ■i'':
36%
106
18% Nov
4
Feb
12
Shamrock Oil &Qsip
Sharpn Steel Cprp_,
i
? 46%
Sep
Jan
26
v
.6.600
840
.v';
99%
10%
Feb
L ..Seagraye Corp—
'15.000
•
105§i
105^4
; v *21
9Q
>
22%
45%
n"'
-'
----19--
303/4
35 3/8
'
213/4
76
^
53Y4
82
|
106%
21%'
23%
30 f
,
23
34% v"
y 106%
4
-106
23
•
19% May 16
24% Mar 34
,
23
60 % "
t--5
84%
33%
;
'
21"
■
'
-61 %
31%
Vat?
'3,1 %
y ? *82%
34%
•
11 Ye
78 V4
;28%
49% v
*
48 V»
*86
•>•50—
52% /
■42%
■16%
98%
'
*48
%
497/a
■59%
?
V
10%
84%
*82%
-
*94
•
:
39
433/4
23
22
50
:
%
38 y8
271:3
\ 10%
20
113Y4
"
'191%
V
'?
12
,7%?: vV -7 /
63 3/4 4 '-•53%
52%
'
93%
•
,i<:
10%
53
£?'
82-
27 i
-
•.? ,...41,300
■
37% Mar
29
25::;
26%
20
.
•
38 Va
'7734
?
16 Ya
29%
•
200
Jan
16% Mar
Feb
>43% Mar 12
preferred series A w i
100
t! seaboiud Gil ooVJi iDeL,—
No ppr
2.200
/•/ -.7
12
47
108% Feb
J0y8 Apr
5%
500
Dec
-
Sears Rpebuck & Co._,_
No par
V/Seeger-Sunbeam .'Corp
«._5
22 ;? 235/e ■i; ?
6.100
?
Serv^l Inc comn^on-,—^—
20% §"
---11
19 Ya
110.500
?
250 ■•■,
,$4.50.preferred
.,-v-Wo par :
*U3% 114%
25 Va
25 Vi '
->--76%t- ■78— ■■■*('?'
-
75%
x6% V
52 Va
82
7
4134
16%
%>?? V' 51%
53
■•.i.■:•',V;
preferred
100
Savage Arms Corp.?. —
5
Schenley 'Distillery Corp new___1.75
,
35% •(•- 1
46 Ya
: '
223/s
86
19%
78-»:
,
60%
83% "
25%
52
2234"
;
58%
*82
•'■•
Jan
28
25:
Dov
;
V 23% Dec
40
.Oct
26
.
24% Oqt
110
?■ 37
? 14Va' Jan
28% Feb 1ft?
46 >/4 May
1. 31% Jan
7
Marl!
4
'
Tl-7% Dec
14-
4
.33% Dec
115 '
No,v
'Jan
22%
.
2,000 ,:■•£, SQotti Paper Oo_V -V
j.«_T__iVo par
Seaboard Air Lipe ctfs. w l__No par.
X.:z
'
•'•;
■
25>/4
••
213/4
.
38%
■
.21,600
71
■
.(■:
98
2
4
No par
16
136
2
No par >
.i.'-V
15
19
>
,..15.500
'
193;
29% V
59%-
n'
c-223/4
41
38%
.
29%
*
■:
76
*191%
38%
38%
,47Va'
-113%
-
12
-12
•>
193/a
-
.
Va-'
38%
-V 12 Va
•?v 49%
77%-'
•V53?/ys
4
5234
53%
?
54
■ /
83
19%
-77%
>
6Ya
52
-
-
•
-
211/4
'20 %-
75Va
-
52%'
19%
-
•
16%-
•
?
?
50
s
41-
VV71?35%-•; v 35%
37% Jan
384/a Feb
>
5%
,
1
357/a
_i
Company^
;.*
i
3
45% Jan
3
104% Jan
.5
Jan
110% Jan
2
-
Jan
1-1% Jan
87% 'Jan
15 %1 jan
7
20% Jan
.
?8t Joseph Lead—......,, .^0;
g^feway; Stores-?,-^.--...^-.^—5;
1
150
25.400
56%
1
70
X46 Ya
11.3% •'
r-83 Va
•?
>?
38%
38
50%-
16%
.:
12
33%
28 3%
-
%"•
74:
-74 V;
50 VZ
."6%
V
7 '?: ,.■*•'•'•
25
v.'.v
-
75%
41
4
163/a
v
•
56
33%
•>~
Va
22% -V
*75
£2 %
16%
6%
*-■■■
-:?
82
25 3/a
:
"
21%
'
i:
78%
5.7
■
50%
Vs"; 22%
76
?
82
•
-;'-
-
.
12 Ya-
78
35-
?
47 Ya
'
80
80%
?29%V >•—28% -31
>
36 ??.
? 85
•?-34Ya >-35/'?>?$
105 Ya 105 Ya
r-40584 105 ?i "V :
36 %
?:■ 34%
35 »4
37
r- t;
3434
■:? 11 Ya
12
'*77%
21 Va
21 4/4
.
"23
*74%
.*"■
4
78 V4
y
'/■■•
•
38%
'•
20
'•
105 Ya
50
*48%
*19%
19% ,':•? 19
1
*77%;
'
74
V1
36
•
3334
•
25%
*
38
■•
12%
11334
•
29 Va
105 5/a
,0
"49
19%
:
'
-35 •'
>
82
"? ll3/4
?•/? 50 ;•.
12 Va
49
•
'4
50V2
>; 23
#70
'■
38%
50%
v
V
IV
25 Va
'
•>•
??
34%
'
*78%
v.'
•75"/:
38%
'-
3 5 Ye
105s/a
25%
25%
*72
?
27Ya
28%
33%
■
4.
2Q%
I
-<32%.
V? 20% >21%-
1113/4
14%
M.800
:
Corp-v
113% Jan
19%
102%
V
V
:■
1055/8
'?
34%
*78%
:•
Ya
19
14
69 Va
35'
20%-
1113/4
20%
>•?
82;
-
39
14%
31% Jan
share
21
16?
20
27% Apr 22
18% Mar 14:
.
<i 9,400
113 Va
-.78%
••
-
■
t
113
•V'^-67 ?•
69 %
12% Y ??' *113/4
M 46%
4734
20%
??
112%
:???■ 35
105%
105%
20 Vi
27%
35%'
%
-30%
30% i
113%
.14--;.
32%
63
32
63
63%
% *113%
57
32%
453/4
47%
20 Va
"-■■■
35 Va
35%
••
♦llYa
.112/4
>
•28
-
/V?
20%
1133/4
28
••34%
••••
45 3/a
'
,20%
20%
>112 3/a
•?;,■•:?•
12
*11%
??
47 Va
•
35
V
*35
>'
/'l
12
*11%
80
57:
:?|*67'"V
V
70
63%
<
30%. •■>■?: .30%?
V
,!0)
57
6.4
7
79%
55 %,
'
^5s/a
? 35 Ya
14%
30%
32%-
:
*66
•'•. *67
113%
VC: 14%
14%:
76%
32
113%
113%.
55
>55%'
>
V •32
63%
7
30%
29%
>113 %
13%
79%
79
55 %
:V. 32
?
63-%.
;
63
30%
113'%
*113 Va
i
:
63%
-
30
63%
30%
oil
21% Feb
Apr
^ per
'I®"..'.**.
25
407/aFeb
"118
106% Mar 11
'tin
Antelope Copper Mines
?
rtoyaf Typewriter
L.J •
" uberoiQ Co
/The)^,.
.LL NQ pa* ;
$uppert» Jacobi-—'
9.700
14,700:
:•
vl 13%
13% Mar 15
-
lj)0
L-Ji
17 Ya Feb
■
m
7% Aug
S47/a Apr
T10% Jan v4
;
r„l >
L10 "
-10
.{dig
fci.tiiild
4
"'•1.0C0
t
26%
100
^
•
2
„
■
V?:
.
'"
40
gftr
V
Jan
V, .17% Mar 13
29% Jan .2
Revere ^Copper &» Brass^J
No par 5y4% .preferred—;
100 V
Reynolds Metals-Co——No pat
5 %
conv preferred—-——100 v
Rheem
6.200
11 Ye
11 %
v~:
29% Y30
*58%. 62 ?.:■;
;?'••?
27Y4
26 Y4
.;■•■;?>,?
-
30%
-
I
-
<.38
"
27%
26%-
193/4
..
"
500
,
,
-40:'
30
:
•
'
27 Va
19
19
-
Jr.
prior,pfd
conv
Spring_^____-_-.L__
Reynolds :(R J) Tpb class B
Commop
:1_
Preferred 3.60% series—'1
,
.
I.
107%
265/a
v
-
;6%
Reynolds
6.900
•; •'■■
,v,
,
—173/4
27%
10%
27%
10%, ,10%
230
'
■•? ' .?
46%
.
37-
* *39
/•
:"■? 1,400
;
V
50c
10
-
»
1
23%
V
1.700
:;■;
22%
•'
-
12,000
?',*.v60
■??;
124 ?
45
■
„
27%
108 V.
?
600
preferred
conv
Republic Steel Coip—^ —/vo par.
.
4
"*
"105%
26%
26'A
27
39
y
1
"
'
■'> 108
;
$1
4,800
.43.400
k
•
115% ,116
123 .
213/4
213/4
47
106
38
17.300
137/a
3€7/a
'?26.%
109%
*122
22%
45%
*46%
"
•
26%'
108 %
384/a
121%
.v.
116 "?,"/■;
22%
22 7
45 7 5
•
; 106
2C%
121 y
122
21 %
47
;*105
26%.?
*114
109%
'V 37%
*108'A
37%
26%
24%
25 i/a
4121
114%
'25%
'
*108% 109%
22
44%".'45
1141/4
11$%
16%
181/2
34%,
,v;
15%
f per share
f p$r shareJ
8 '
V Jffier share
1
Republic Aviation Corp—
Republic Pictures
1*5.000
Year i;>45
:/■ ?
Lowest
Highest
Highest :
-Lowest
£bares
20%
15%
V
18%
33%
,
K
20
16%
18'/a
35
?-' 2.4%'
"
15%
18%
32%
'
"»46'/2
I61/4
18%
32%
*114%
/ 115 % 1:15 %
?
15'/a
15%
18
18%
33
37%
9 per share
20%
Range for Previous
?•;?-
Range Since January 1
EXCHANGE
the Week
'
20
,x32%
18%
32%
25
$ per share
V
•
STQCK
.NEW YORK
Sales Jo r
.Friday
'May 10
May t>
S03/4
'19%
201/4
14%
15'/a
Thursday
1
$ per share
f per shape
$ per share
18%* -19%
Piper share
"19
STOCKS
HIGH SALE PRICES
.Wednesday
Tuesday
May 8
May 7
AND
LOW
Dec
18% Dec
104
Oct
:
V
*
Yoli|nte/ J65
^HEV COMMERCIAL
Number 4489
FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
HIGH SALE PRICES
LOW AND
/
:
Saturday
■
/
$
14% ; 14%
•
*60
/vJ
.
'
60%
.
.
14%
14%
;
:60
9 %-
t■
:
9%
/
.48%
A:-. >'.22% .-22%
107
106%
47'/a
49%
50%
' 107
106
-
•
'
•
X22
18%
'60 %>'
19
;
-7
49%
-
>58'
18%
A/,
■
57
!A
18%
Mi 49»/2
51
*24y8
25
26 y2
49
•- •
i;
/, 50 ;A
/
18%
500
1081/2 /
;
.
61 %
:V .'*75%
51
11%
24%
51%.
24%
51%
*24
50%
24.%
A li%
76%
21%;
*111%
'
/A/*1
t
;
,
$ per share
,17% Feb 16
A
9% Mar
16
53 % July
16% Apr, 29
19
Jan 28
10%: Aug
>15% Dec
64Va Dec
15% Mar
19% Dec
Feb
,70
;
v
Jan "• 8'A
Mat 14
68% Jan
112Jan
107% Apr; 15
13% Jan
>•.'■8% Jan
2'
50,
>68 »Jan
Apr 25
f8% Feb 26 '
■•24% Apr
Feb
106, * May 8 ,r; 112
IT*
A 49
•
.10,
40% Mar 14
•
:
16 %
r
45
28'
29
29
29
31
16%
Jan
61% Jun
25
Deo
Sep
107% Nov
34%
Jan
50:
Apr
10 V Mar
9
Dec
9%
,Jan
101
20
■>66% Jan 15-
Feb, 20 ^
Jan
4%
20
21% Jan
66 Ys Nov
112% Nov
July
,
10,6% Oct
54% Apr 24
•
Mar 13
50
Bearing*--*—No,^par
Transam.erlca Corp—————2
Jan
13
,
*
;
—j^-JJojiar t
—
5
Highest
$ per share
.
—10
Axle——
Detroit
Jan
t per share
*
59,% May 9
12
Feb; 20'
•
Year 1945
Lowest
Highest
/, \
k
per share
A 13%
preferred———50
Timken Roller
8,500
Dec
52
66
Oct
23
Dec
79
:
Dec
Dec
A. A;-'
24%
25
;/*:/
11 VB
11 y8
12
.;v'
111%
111%
18 Va
*111%
18%
112
■
18
IS
18
59%
60%
A
*103%
18
60
75
74%
•103%
105
"
20%
21%
21
22
62%
63 %
64
66
A 21%
21%
21%
22
'""
•
77
:
105'
23
S
.
21%
A
105
22
A;:'21%.
a
$1.50 ptiferred--:
-
:;A64%
67%
22
221/2:
:
22
3,600;
66% :
A
<•
22y4
66y4r
31%
66%
23
1
590
7: '
/A
AM 5%
conv prior
Twin Coach Co—
,
2,300.
71
6
23% Mar 15
16% Jan
—No par
—1
Jan
10% Dec
Dec
112%
'6
10% Mar
17
26% Mar
45%
Dec
56
Dec
io
78% May
34% Mar
102
106% Jan 10
May
.
Dec
Jan
Dec
106%
'
'24
Jan
16
42
9%
Oct
14%
Jan
52% Dec
25% Dec
> 58%
Jan
77
.Apr 30
3
; .71% Apr 30
20% Feb" 20
;
33
'
Jan
63% May 10
3
Jan
5
103
Mar .8
20% Feb
102?8 Apr. 23
.14% Jan'
4'
50
18% Jan
:4
:
k
26% Jan 29
pfd—r_50
.—
114
3
Jan
26
Y>.—
12% Jan 29
7
39% Jan,,
49% Jan
,
<Jan
> 33% Feb
9% Jan' 3
.111
Mar 20
$4,50' prior pla_.
—Na Par
Twin City Rapid Transit-^—No" par
'
■
•
1
■
2,300
V
:
May'
48%
5r
par'
$0. preferred-u^———No par
ATrua'x-Traer" Corp^
a—No par
!
20th Cen Pox Film Cprp—No, par
4 28,800
-
No.
Trl-Continentai Corp—
,
AAA, 200
2,500
78% A
-
*104
105
21%
-
66%
,
'
21% '
-77%
77 J/a
*103%
V
/
19.
63%/
62 »/a
63
Transue & Williams
400/
17,000
•
> 19%
64%
-
/
61%
,75%
74%
*103%
21%
75
105
.75
v
18
61%
18
60
Trahscont'l & West/ Air Ino—i
4,900'
51%
A 51 A
10%
/
112
112
112
17%
58 y2
21%
;
11%
10%
v
17%
:
Timken
2,900 ••
;19%<
dlv conv
$3.75 preferred,-
V r
'5.100
i
Par
Tide Water Associated Oil—
320
.
.
'
18%
'
i.
8,700
0
:•
;A 49% /; i
49
.18%
A 5,100
51
22%
108
570
/
'A-'AA'M'':'
■
Thompson rj It)—
———25
Thompson Products com—. No par
4% preferred:—-.100
Thompsoh-Starretf C01*-—-Noi par
$3.50 cum preferred——.—Nr par
f
2,900
.
;
.(
A 58 •:>; 59
'•;
*
900
/
>
A:
.
Lowest
A
Third/ Avenue Transit Corp.-No' par
6,800
A/:
'10
22%
'•
57%
-.
t ;
$2%
770,
'
'
10%; 10%
111 Va 111%
111%
21%
>'•'■■•/; 9%
107%
48y4
-
,
-
A
9%
50
.
18%
109
109
;A:-A
Range Since January 1
;
Thermoid Co common—-.--i—j.i-1
3,100
/
65%/, -65%r ->
;
/:
AM 22% A
107
-wa...
50
— *.*'
58
•
-
*49
22%.
,
.18%.
,
110
9%
•
50, •
,A
22%
*
49%.
•
59%
50%
48%
*24
'
60%
64
48%
*49
A
60% A
15% !f
AA
•
'
■
*
r
11
111%
17%
i
107
107 :
:
187/b
18%
26%
A *103% 105
22%
-9%
18% A18%
' '65
'
50%
10%
49
60
*58
gA:;19A;/;/^9A:>;'
*24
A
49-
.
9%
9%.
"
15
14%
EXCHANGE
Shares
;
Range for Previous
/
:' NEW iO«it «TOCK
- :
v
th© Week
14%
■63
109%
Sales for
;
■59%
60.
14%,,;;i4%V"
18%/.
22%
A
59%
-
Friday
May 10
tper share
>
14%" 14% A:
■
j;:,,•i:
63
/
110% /:
9%
22%
106%
^49% <
fcoy4
60%.
50
22 >A
„107
-49%
v
*48Vz
/
14%
59%,
?17%
18 -A/
no
■
14%
14'A ...14%
64%
62%
110% 'rr 110
64%
63%
A110
9%
9%
110
:>/ 48 y3
>;>-
17%
18%
62 Vz
110%
' /' $ per share
59%
,
/
May 9
t per share
60 in ,'A
-14% ; A
■'
Thursday
May 8
AA
■
15
STOCKS
Wednesday
■
..
per share
60
14%
•/
'
May 7
14%
.
A
15%
*18,'
.*18%;,18% f
64%/ 65%
/' no
\:i$
.60
14%
j
•
A
.
14%
,14%
/
.
A,
Tuesday
.
share,
per
v-;^:
Monday
>■.;May (i ,V
A t per share
-May 4
.
"
I«AA:
-
*74%
19%
'
,19%
19
33%
>33%
Underwood Corp
No par
76%
765/2
900
Union' Asbestos Rubber Co
—5
19%
191/8-19%-/"
19%
19% ■ " ■ l9Va
20%? \
7,400
33%
34%
'33%
B3'%
* 32%. 33%
»' 33% 34% V
8.500 : //Union' Bag & Paper——4—No par,
No* par
112
116%
116 /-118%
116% 117
•
> I16.%,ll7%a"*-V<^10,000i ; Union Carbide ;dt. Carb——
/ Union El "Co of Mo $5 pfd—-No par
110%-110%
?H0%1111
*110% 111
,*110% 111
L.l
240
A; Preferred $4.50 series—
No> par
*113% 115 '
'
* 113 % 115 *,
' *113 % 115
' ■•*113% 115
;
„
Preferrd $3.70 series—
No par
>108% 110 ; c' • >*108%/ 110
"
108%. 110
*108% 110
^
i—25
>26%
27%
27%
28%'
•,h28%'.'28% "
28%
28% t ' .•> 9.400/ Union* Oil of* California—
Union Pacific RR Co.,,
/
100
'153 ,-153%
153% 154
J.51%* 153
' '
150
153%> •
2,700;
4% non-cum preferred
4100
114
114
:
Hl^'A, 114% - 113% 113%
113% 113% 5'
300
Union Tank Cal^*—rt-4-—--No/par
39%
39%
39%
39%
39%
39%
39%
40
•
'
1,500 s
*741/2
7* %
19 %
33 %
:
33%
310
112
1115 %
'
116%
•110%
110%
*110%
111
115
*113%
115 '>
*113%
*108% HO
26%
27%
*108%. 110
27%
27%
154%
155
152%
-•113%
113
*113%
154'/a
114
39%
0
♦110
39
53
*88
29%
'
53
53'/a
55%
89%
88%
88%
89
39%
*26%:' 26% '/
26%
26%
53% S
•/>. 5
52%
sy0
53
33%
37 y8
31%
33%
13
13
13
5
5%
57
15%
147/a
26%
26%
5>/a
5
53%
5%
53%
32%
36
13%
13%
78
:
90%
*89.
39*37-' ^
15%
■ 14%
26%
*26%
5% 5
53%
' 53% ,
*37%
14%
26%
15
53
39y^
*37%
•
H 14%
lSVa
55%
56
31
.13,300
56%
57%
89
.
89
-
5%
cdnv
preferred-—.
United" Air Lines< Inc.
United
,
Biscuit
Carbon
—..No
Feb
106
125
115% Feb
25/
110
78%
53
90%
39%v
15
27
5V*
54
*38- >39%*>>> :>—>
14%
15%.'
1 11,200
*26%
27
<
I
7001
5%
5%**
102,200
'
'
,
-54%-
54%!
34%
35%
34%
35%
35
28% May 10
20%
Jan
Jan
151
Jan
A 42%' Jan |9
27% Apr/ 2
109% Apr 13
>37% Jan 28
37 Va
May
*13%
13%
13%
78%
78%
13%
79%
13%
77
14
78
17%
18VI
'
■f-\ 30
Feb
;
A 24
Jan 12"/'/ 4% Jan? 3-
—20
United Corp common—-A————1
:$3
A 47% Jan
———'——5
preference
/United
2
3
25% Jan
Drug..Coi—'
Aug
Sep
120
104
31%
iO
Dec
Dec
62%
Deo
22% Mar
40
Jan
82
Deo
26%
:
1"
>17% Apr 12
>28% Apr 13
>■> 7% Jan 29
55
Dec
38%
Jan
66
;
Feb
36
Deo
91% Apr 23
:
Nov
Aug
112% Dec
45% Nov
25
9
40 > May
27% Dec
29
18
5,7% May
,
26'
,11% Jan.
> Jan
54% Jan
119
3
33% Feb 25
pan
Un ited
14,500
Jan
Jan
109%
168%-Feb
26
preferred
117 7/s
116
May .1
.100%
Feb
Prior
Jan
.7
73
>:
78%
111% July
37% Feb- 26
1
Oct
26% Oct
102% Dec
120% Mar 11
2."
par
A
.5,100
c
35%
No
Jaii
24
140% Jan
112% Jan
United-Garr Fast Corp—No par
Cigar-Whelan. Stores—-30c
700
14%
xll0%. Apr
5
115% Jan 17
23% Feb. 26''
4:
—100
Co-
98% Feb 26
•
lflr
Apr 22 >
Apr 18
36
3
A110% Apr: 30
i; !112% Feb 25
—.—^.10
Co.
United
3,300
-
;
■
9
23% Apr
'3>
23® Jam
United/Aircraft Corp————1AI& >
,
300;,
.
20,300 i
,
A 17% Apr
'
-<
14%
30
*111%113- i
-41% 42 %>/>
y
77% May
66 % Mar 15
:
—
/> 41%,
,42%..
40%
55 %
77%
29%
31%
-111% 111%
41%<
31%
111% 111%
>39%" 41% > >
*37%
39% '0
'■
30%
31
*111% 113,
v:
39%
*88
90 /-»-
*37%
113
38%
51%
:'
P
*50
:
30
*111
113
38%
39%
28%
29%/ 29% i
771/4
7P'/2
751/2
75
7% July
22
July
:
13
Dec
25% Nov
1% Jan
Nov
5
Apr 12
38%
Jan
50% Nov
38% Apr 16
•i
7"
13%
Jan
29%
Dec
/v'::-;>/'/:•/. -A■'■'/:/ ; ■'£:
:
*76%
'
80
80
•78
18%
52%
18%
52%
*52% ,53%
18%
18
28%'/' 28% '
66
66% /
53%
28
66%
66
109%
143%
28%
67%
27%
65%
109
*109
13
13%
12%
13
28%
28%
27%
28 J/a
110
13%
13%
28
107
•106
*106::i 107
20%
123%
*204".
124
125%
zi
*204
81
81%
37*%
> 18 A
18%
11%
11
>
*55%.
56%
*56
80
*77%
80
> 62%
62%
'5%
•
59%
71
*84
86%
82%
69
•
26%
■
'
5
.
81%
>>?176;
84%
•
86%.
87.
!
45% V
90'%
.
,,
3,000
V
177
-177
.) 70
■
70
>
/ .9,200
•>-.
«
200
>
1,400
29,909
.
.
■
52
52%
52 V4
*52
.
i
1,300
2,300
' t
8%,
8%
#17%„>;17.%{
120
*118
>
Cf p qmn»t.)ng Ref St Mia
Preferred
/
?.
7%
United
.
44%.;
45
99%.
,
LOW
% Saturday
Monday
May 4 "■
May 0
29%
30%
29%
May 7
tper share
$ per share
29%
:>:>
*53%
31%
23%
24%..
31%;
share
30% >> >
30%
„
$
.
54
.'•
*54%
56
24%
*55
'■ "v
'
24 V2
24%
.
•
•
55%
,
56
:
/
200
>
> 70% Dec
/
55%
29% Ja-i
12%
Dec
39
Deo
Dec
v.
57
Jan
14
Nov
48%
>
v
Dec
67
J an ■
51% Jan
144%
11
97% Feb
Feb
Dec
"
Jun
2% Mar
>
6
6
4
Feb 25
:
54
Dec
v:>;'
7% Dec
73% Oct
V:
176
Jan
Oct
;
8% Jan
Tnci——-t
£ 39*
>
6
72
Jan
58% Jan
16
135% Jan
160
NOV
23% Aug
32
Nov
46
50% Dec
Apr 11
Jan
4
200% Apr 23
49% Jan 10
3
101
Apr
77% Dec
Oct
89
85% Dec
Jan
8%
Dec
,
16%
Dec
16
/
Jan
Jan
Jan
121 %
25
Dec
Dec
9
5% Jan
Dec
■
75J/4
178
Jan
110
Dec
Mar
200
Nov
> 23% Aug
>
48%
Dec
9
Range Since January 1
Sep
,
4%
7
22
Apr 16
110% Jan 10
31
Jan
98%
24
27% Feb
'
;TFeb 25
99-
52
9% Jan 28
128
;: 94% Feb 28
Jan
/
> 20% Apr 10
Apr 20
^////stocks.'
Range for Previous
>
I
—Highest
Lowest,.
,
$ pet share'
3.600
/ '■
May
C21
Share}
•if
32%
56
.
Deo
34% Nov
27% Jun
7
166
Jan
188
EXCHANGE
Dec
115%
16%
46
6
Mar 25
NEW YORK. STOCK
£
:247/a: >2 5f» m. 1,400 >
24%.
55%./> .>*55: •'
:
Sales for
the Week
perphare
31
■'
23% >24>>>
24% '
55
55
per share
31
29 3/s
1
>24%
$ per
Friday..
May 10-
-
/
.,
115
'/
11%
35
■_.
Apr 22
Feb
3
106
i.—^—;i—100
preferred.
:•
Thursday
A.: Muy 9
May 8
"
pe? ohqrer^'
;
4%%
AND HIGH SAtE PRICES
/^/Tnesday^-/:.Wednesday;:-;;
r:
/
187
Nov
28
7% Jan
••
2
May,
5' 84% Feb
89
Feb
21
A 7% Mar 20
A15% Mar 13
•
v
Jan
26
10b
———
16
7% Feb
80
22
50
,
fttoikyards Carpi— .—A—1
$4.20 non-o 2d pfd-5
>v Universal, Pictures Co
99%
Jar)
79% Jan
conv,.
«preferred—
I9I
*187
:
Mar. 19
84
-preferred.—No par
Universal-Cyclops 8teeJ Corp———1
Universal Laboratories Inci——1
Universal Leaf- Tob....——No par
;
Feb
Dec
107% Nov
9% Jan
;
Apr 24
67% Mar 13
United Stores
>A
60
154
preferred—25
6% Mar
Dec
26%
30% Mar
84
171
No par
non-cum
>
2
29
Jan 29
Apr
6
12% Jan 11
6
>
Jan
50
Jan
38% Jan
-/
20
4
Nov
13%
Jan
13% Jan
64
May
Dec
112
Jan-
77
Apr 20
Nov
52
'
U S Tobacco Co——————No par
,
77
.13%
69% Feb
44
i
2
64'/a Mar
Preferred
*
>
Maris
,
.5
-50
50
——a-—-
U S Bteei Corp
.//
22%
19%> 19%
100% 101%
95
Oct
25
Apr
May 10
Mar 13
51
41
A D 8 Rubber CO—
U
-—.10
A:
8 it non-cum 1st preferred
100
*21%
;
10
Plywood Corp____—_-——1
ft Realty & Impt———.No vat
120
Oct
16%
2
60% Jan 12
Feb 26
,
Playlna Card Co
103%
■
Jan
47% Apr 20
9% Mar 14
S
U
Jan 21
11%
204 y4 Mar: 4
>
2
iU
170
54
11
1
A———'—No pan
U S Pipe & Foundry———,——20
.
70Q;rt
.
>A 47%
-No par
Co.——44;
128
26
r
Jun
Dec
Dec
17%
6% Mar
,,•
10
29% Feb
Feb.26-
A 10% Jan
8,100.
'
-
27%
51 %
1
5%
M. i 86,
>*85 : : 67 **r
x82%' 83"
83% "87%
156, ■ 157%W^ /«155% 157
27
27:%. •
27%.' "27%t-
•
'
61%)
Leather
108
A/59%: Feb 28
preferred—————50
8 Industrial Chemicals—No par
conv
32% Apr
6
Jan
26
Mach
&
4
Feb
199
Corp--——-•—8
5%%
U S
76%
108
'
preferred——100
ft: Hoffman
>Preferred ,44-—-4———^--10,
1,500
'
5
75'A
76%
*177
180
,68'A
68%,
84%
57
Feb
20% May
52 Va
il5l/8 Apr 26
2
79%
60
5%
5
,
18,100'
■
56
106
3
.
36% Apr
U 8" Lines: - Co——v———— 1! A. 13% Jan
"
*78 '
60
Jan
No par
Partic & conv cl
1,200
3,700
23
—.No par
—
6
Mar13
9%
S Gypsum Co——————20
7%
A U S
'800
,
*11%,. 11%
58
74%
„
U ft Freight Co—
1,100 ; u
//A
•
3,100 a A 0
1,320
1,600 A U
-
f
—
43%
79%
59%
87
26%
■
' '
11%
*78
,
^157%:157%
51%
*49%
127 f- |28
■;
106% Mar
:
88 Va
:
.153% Apr
.
;
•
Jan
10% May
>33% Jan
:
28
Jan
89% Mar
9 /
30% Apr 10 > > 13% Jan
/
22
Mar
73% May 10
Jan 23 > 106% Oct
110
7
110% Jan
A'23% Jan "36
>•; 47% Mar
; ;.'•
U S & Foreign Secur.——No par /
$4.50 preierred.
56
14% Jun
>9% Jan
66
21% Feb 16
3
45% Mar 11
220
1,500
„
22
*204
57%
83
'
-
157
157%v
> 26% • • 26%''
51%
-
76
69
127
42 ' -43% '
84%
86
11
79%
.
-
57
61%*
Sy8
76%
180
69%
70
82%
>„
v
11%,
57
5Ya
86
84,
*60-
76%.
;
127
-
107
21%
-
*204
•
42%
r*77%
>
,
-180
> 86
26%
*49%
-
68
,
156
> 26
51%
'
61%-
♦176
70
8iys
26%
51%
11
57%
59%'
5
180
>
155%
:
11%
>■ *106
22 %;
71% Mar 16
Jan
:
16% Jan 28
85
Jan 17
Mar, 13
A 16%
7,400
30%
54%
" 54
*54%
54%,'55'V
10% > > 10%>10%>f>>/. 10%
10%
37%
38%
38%" #
39
'39%"
19%
* 18%
19%
*
18%' *19ye ''
54%
74%
> 85% | 85%
82%
157
157
.
"
75%
*176
178
*70
83
"
*10%
37
18%
56%
/
5'/»
74%
178
,
53%
>*77%V/ 80
60%
5
5Va
"76-
74%
.
10%
37%
18%
37%
*21%
'
—
42»A
18%
VJ
56%
*77%
-
11
111/8
/
•
10%:
•
37'%
18%
•
*204
-
29%
>106 -106%
22
1123% 125%
.
•
42
84
52
10%
10%
10%
38%
18'A
11
4iy»
*51%; 52%
51%
51%
*37%
41%
81
*10%
21%
/
——100
.
29%
29
106% 106%
/
22
*124
-A;
41%
*108% 103%
13%
13%
:
•
50
•
12
vOorp_——1
" 18%
'
-73%.
-89%
w
;; United/Pye wood
Preferred
1,400.
.
19%
6,100 / United Electric Coal Cor...——5
United Engineering & Fdy.———5
*52
53%
>>
700
United Fruit Co.—;
No par
-143% 145
2,700
/United Gas Improvement Co.4-13%
27%
27%? -> 4,100
71%
73%
1 17,000 / /United Merch & Mfra Inc com-4—1
108%/,108%C- ' ■>
1230/ /A h'vit preierred —————100
United: raperboard———--—----10
13%
14
'
2,000
18%,
52
143% 144
27%
27%
.
-,
-
29%
29
106
21%
38%
52
1091/a 109ya
13%
13%
'
28%
106
21
*77
„
52%
142% 143
27% ? 27%:
-66%
70 52%
53%
143
28
-109
>
18%,
,.18
U2V*
141%
142% 142%
109
'>13%'
No por-
18% Feb 26
$ per share
$ per share
'39
29% Mar 13
—2,50
Vanadium* Corp of
Van Nurman Co
Year 1945
Lowest
,
Feb
21%
8
Jan
Highest
$ per share
34%
Dec
22%
Dec
25% Apr 30
13
Mar
2
58 Va Apr
24,
32
Jan
50%. Nov
> 19% Mar 13
24% Jan
10
13%
Apir
>24% Deo
46% Jan
Van Raalte Co Inc.w—-10/
.
'
21%
21%
.*21%,
*47%
49
49
21%>:
49
21%
213M
>/v
*21
48%
48%
,
21%.®: >
.
21%:
21%
21%
Co.8%
>.4;
49
:
'••47%
50
49%
Vick; Chemical. Co new.—.—2.50,
1,300*112% 115 ••>::/ >*112% 1'15>»
Vicks.Shreve St Pae
100
—-,.100
*112 ■> 114%//
*111
114%
>vl;
•>••;. '54) /non-cum, preferred——>—100
,■49.. ///: :
49
49
50
1,700 i: VJrror Chemical Works.———- .ft
*105
107
107 / 107
50
3Va 7r cum preferred..—'
—100
10>
/> 10%.
Va . Carolina, Chemical
/-—ftfo par
10%
10%
:
4,100
t
; *91-92%
» 6^ div parUc preferred.——100
90%
90%
500
48
48
21%-
>
600
Vertientes-Camaguey
Sugar
104
Jan
2
51% Apr 30
1128/8 Apr 24
86% Mar
104
110
Jan
16
115
Feb
15
90% Jan
103
37% Feb 26
•
50
Apr
2
24% J#n
43% Apr 13
'
*112%
118'
*46
47
i*103%
112%
115
*113
105'
10%
-
45%.
,
*103%
.
10%
*91
>122
*113
927/8
97/a
90
.
u 123
*98
104
'50
>
112%
*112%, 115-
118.
*113
>'/ 46
45%
105
10:
: V
>/>
10
•
91,
1227/8: 123
>
V>-
48 %b
>103%
.
.
105
50
■
-
92
1
49
-
49
*165
175
*178
190-
*75
^
>
42
*48
175
*178
76
r'
73% >75
> 19% >19%
19%
49%
47%
*106% 109%
*106%
115
42.•
50%;;
49
*165
:
49
170
> *178
'
50 /
*72%
19%
»
19%
109%
117
119Va
127
21
19%
109%
.
51
106
51
'
'
10%.
> *96%
50%
42%
122^/B
104
50%
-
>- -'•
X50
75
:> >
*106%
103%
170
r'
127%
20
50
>>f: 1,200
20
»
.
51
*109
125%
124%
753/4
'20%
21
20%
*20%
X20%
20%
*20%
17 Va
17-%
18%
17%
18%
>••.17%'
17%
•17%
;
800
#-/i'-:T:800
2,000
13% >13%
13%
13%
13%
133/4
13%
13%
13%
14
13%
133/4
106 34
106 3/4
50 V4
53%
106%
106%
50%
50%
49%
50%
50
45
45
43
43
42
106
For
106
footnote sec
page
2600.
"106
106 3/4
51%
.
42
*43
45
106
106
.
43
/
106
106
52%
513/4
,
:
5134'
523/4
43
423/4
43
,
108% Mar 18
2
12% Jan
3.
Nauash
i
5,700
--'/""V.: 100
RR
n»,
2.300
200
Wa rd
45% Jan
55
43% Nov
52
170
.
.175
Mar 29
120;
Mar
15
145
Mar
173
Feb 21
64
Sep
78
13% Jan
30% Jan
20
Ayr 26
Jan
22
,7an
2
54
—I—. —10Q
105
Apr 12
111
127% May
W
preferred..
.No
pat
98
Feb
26
-No par
20
Jan
3
.No par
—-1
13
Jan
3
—
preferred
100
xli% Mar 15
103% Jan
3
20 Va Feb
Aor
6
29
Mar 26
21% Feb
if)
Nov
165
Jan
18
86
Dec
;
Apr 29
39
&
Nov
36% Jan
72
G
83
18
par
1
Jan
Dec
124
51% Feb
par
Baking Co
5%^
7
57/
8% Dec
81
Sep
9
No
11.400
:
4
2
56% Jan
Dec
Deo
Apr
No
Fflr»m
-pci^-em
Apr
Mar
/3% Mar
118
Dec
45%
45% Jan 30
4
Feb
"•
28
105
26
Jan
29
99 Va Jan
123% Apr 10
—....
preferredI——100
orefprred^.;
Voiker
Feb
>
—————.
4%%
Waldorf System—
valareen' Co.
5
25
Jan 21
80,
Wrg)j|tan- Ry-
11
18V4
21
Va, Eli & Pow $5 preit—
100
> Va Iron Qo»l' & Cpfe:e 5/4 pfd—-.100
Jan
,
110
127
>
,
51%;-
17%
*20%
67/a, Jan
77% Jan
120
47
—26; ;
397/a
> 'oreferred•:-T— '•:
———25/
43
,700 > Visking Corp fThe) class A—,—5 /
10
m 1 <• hn Detmptog Co — >
—
lOu, f xl61.
172
Preferred, —
100
'
*20%
\
May
1,200
190-
'
30
150
->
170
> -v» 75
-
110
X124
'
:
/
/>/
42%:-.
*165
51%
*109
-
.'
•178.
75
19%
«03/4
104
50%
42%
50
>•-•;•
"72 34
19%
51
>
190
«
123
50
*
42%
50
*165
>178
'
*96%
v
50%-
,;42%:
190
*1.72:.
>
17%
:
105
„
*122
.•
20%
*20%
17%
,
.
t92ya
124
f
>{■
•
,
165
'
> *723/4
75
48%
106%
>178
■
50
165:
/
190
>
>100 '
50%
>*41%
42%
■
-
>■:' 100
99-
•48%
190
19%
,
1.
48%
*165
49%
115% 115%
42;
105-
'
49,
.
*122 >/ 123
;
'
;
42%
42%
115
118
10%
>*90
.
123./
Z 104 > ; •''•'> 99
51/
*5oy»
50%
£112%
49
10%
•
92
*122
*98
•
,
/ > *112:
118
105
61% Mar
8
19
21
1077/8 Feb
.
5
20
Nov
;
.
Deo
Deo
110% Sep
110
Dec
•s
Sep
20%
Feb
8% Jan
Aor 24
15 V4 Apr
Aug
42
Dec
Dec
14 Ya
Deo
8%
Oct
163/s
Dec
Oct
105%
Mar
35%
Dec
50
Dec
91%
Dec
'
31 700
Vapief
Bros
1,200
Warren
Fdy
Pictures..
&
Pipe
-..5
31
Jan
/ 3
56
Apr 24
No par
35
Mar 15
50
Jan
16
13
129% Apr
Monday, May 13, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
2600
NEW YORK STOCK RECORD
LOW AND
! per
27%
28V2
•313/4
323/,
•29
29 Vz
•44
451/4
44
44
%
143/8
.141/4
37%
37%
37%
89
•37
♦88
•
V
•88
121
•111
♦Ill
115
113
48
*120
•II9V4
121
115%
115%
115%
48
114
114
47
'
113
•112%
25
25
243/4
25%
26
OH
24'%
26%
>: 25%
81
82
82
83
84
843/4
843/4
82
93/4
9%
93/4
231/4
23 %
53%
53%
52%
53%
51%
99%
99%
*98%
99%
99
99%
38%
37%
♦22
37%
33%
33%
1
23 3/4
,
x40
:
*39%
41
41
105
34
33i%
40
41
39%
*104
39
39
40%
403/4
>*70%
72
*70%
72
105
•104'%
105
>170
;>
•104%
•
•35%
36j/4
•38
38V4
15%
88%:;
88%
*35
36
11
11
1
>
*35
100
"18%
>
593/4
613/4
591/4
*59%
76%
42
62
>19%
261/4
35%
35%
13%
*
900:
19%
8,600
Woolworth (F W)
1,300
Worthington P & M (Del)
198.../
*98
>
200
99
103
84
'
103
87 :
180;
76
76%
78
78
45%
46%
45%
45 3A
53
23
30%
68%
26
53
23
30%
71%
26ya
53%'
23%
30%
70%
54
23%
30%
72 -
'26y«
26Va
> ! 35%
35%
13%
35%
,_13%
36
13%
; 35%
;;
13%
13%
.
-
a
sales on this day.
tin reoelvershlp.
until Aug. 1, 1946, 4% per annum thereafter.
54%
23%
30%
72 -
•
,
26%
35%
13%
,
>
and asked prices; bo
per annum
200
84
•
36
13%
54%
23%
31%
-'73%
26
•
Deferred delivery,
10
11
106
Jan
9
3
Dec
51
6
35
Jan
57
2
88
46% Mar
Dec
16
4%
Jan
14 Va
Jun
13%
Feb
373/4
Jun
July
2
10i
;>
Btoek.
1
Jan
57 '/a
64V4
Jan
92
Aug
56
Jan
35
Oct
38%
Dec
53% Jan
14
17
321/4 Jan
14
261/4
32% Mar 14
4 403/a Jan
29
32 Vz Mar 13
393/4 Jan
30
45
Jan
29
31% Aug
373% May
48% Feb
11
303/4 July
f 39
May
8
7
Jan
Feb
Jan
45 !
72;
3
98 Va Jan
84
Jan
31%
.
871/2
21%
Jan
26%
>19%
13% Mar 13
Mar 23
Jan
30
8%
Jan
95
Jan
24
833/4
Jan
30
Jan v*
•
35% Apr,27
Jan
Oct
31%
,?
Dec
47%
■
Dec
<18
v
94
>
Oct
9% Mar 14
12% Jan
29
67/s Mar
12
Dec
19% Mar 15
263/4 Jan
16
16% Mar
26%
Jun
16'A Mar 13
19% Feb
100% Feb
5
10% Jan
> 197/a
Nov
99% Jan .17
21
18% Mar 19
213/4 Feb
7
22
Deo
Co
5
Apr 20
22
22% Jan
40% Jan
Mar
142
5
Mar
13% Jan
128
Jan
46
1383/4 Dec
37
Feb
26
50% Feb
26
>61% Apr
Feb 26
69% Apr
10
38
Jan- i
Apr
25
79
Jan
50
493
-
83
100
7
9
>91% Jan
Feb
80
Feb
4
75
' 1
105
Apr 18
20% Jan
4
1
May 10
82% Apr
103
4
May
76
25
:;
46% May
8
100 %
Nov
110
«
NOV
>
wd When distributed.
Special sales,
v
47%
24%
31%
>70%
27%
Oct
Deo
Oct
Dec
Dec
Sep
44% Deo
34% July
5% Jan
zenith Radio Corp
84
233/4 Dec
Jan
57% Apr 9
32% Jail
27% Jan 31
13% Jan
35% Jan^1T >>19% Jan
76%May 10 ;39% Jan
31 Jan 29
20 Mar
Jan 2
Nov
Nov
Jan;
69% Mar
13
Dec
70
100
Jan
1
Nov
> 53%
12% Dec
y Ex-rights.
x-Kx-divldei»ds.
Transactions al Ihe New York Stock Exckange
Transactions: al Ike New York Curb Exchange
Baily, Weekly and Yeariy
Dailyl Weekly and Yearly
>
and Miscel,
foreign
Bonds
Sales
-
J
'$£,000"'
$1,424,000
3,445,500
5.011,000
Saturday..:—
Monday—
1,078,340
3,183 000
192,000
'7G,50(F'
Tuesday
1,345,250
4,709.000
2i3-,C00
89,000;
Wednesday-
1,213,430 :
1,072,220
3,697,000. ;
105,400
9,000
3,282,000
249,000
5.000
3,536,000
1,819,880
4,075,500
328,000
19,000
4,422,500
6,986,170
$20,241,500
$1,300,400
$198,500
Wfee^nded May 10,1946
Ift ^fjiVt,
>130,195''
Fridays
TotaL
3,901,400
Jan. 1 to May
Week Ended May 10
1945
1946
hi >nii
Monday.
396,380
Tuesday.
462,085
Thursday
456,500
670,900
2,628,480
]
141,315,222
$271,000
$3,000 > $1,208,000
v
,
t
1945 f.
•
2,100,820
^52,673,102
$69,000
$16,386,300
$2,449,050
$934 000
$2,460,000
Foreign government-
271,000
532,000
Foreign corporate—
3,000
29,000
2,124,000
33,807,100
*t 44,608.200
20,241,500
72,001,300
530,947,600
1,070,525,800
$21,740,400
TotaL
$74,194,300
$531,241,000 $1,117,583,050
Domestic
$1,208,000 "
TotaL
New York
Stock And Bond Averages
Par
the daily closing averages of representative stocks
the New York Stock Exchange as compiled by Dow, Jones
are
-Stock »>> If
and bonds
& Co.
-Bonds—
10
30
20
Indus-
Rail-
Utili-
65
roads
tiea
Btocks
Total
First
10
10
Second
10
Total
■
trials >
'
Grada
Indus¬
trial!
.
Rails
Grade
Rails
Utili¬
ties
40
Bonds
•107.84
Manhattan Co—10
Bank of New York
100
Bankers Trust
—10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
Chase National Bank
15
Chemical Bank & Trust
10
Commercial National Bank &
Bank of the
20
May
3,1;.——-
203.25
63.39
*42.8$
75.76
105.19
May
4——
202.52
63.15;
42.75
75.49
105.15
110.96
100.41
108.78
107.83
Continental Bank & Trust—10
May
6—;
200.65
63.06
42.55
74.99
105.22
116.97
100.40
108.75
-107.84
Corn Exchange
._
116.96
100.45
108.74
203.51
7
.—.
S..^
May 10
1
"Corrected
250,000
.8,530,147
1,300,400
8
278,000
90,000
;
63.96
42.80
'75.97
105.16
117.01
100.51
108.76
107.86
204.17
63.57
42.72
75.98
105.19
117.01
100.43
108.78
107.85
204.07
63.25
.
42.98
75.92
105.08
117.03
100.43
108 90
107.86
64.41
207.10
figure.
-1
vr
Jan. 1 to May
.
1946
>;>
.
10
1945/
:.
42,422,860
69,202,700
Bonds
Railroad Si industrial—
Data—
198,000
13,COO >
2,628,480
Stocks—No. of shares.
225.000
22,000
$198,500
Foreign
on
.
144,000'
100,000
'
Week Ended May 10
1946
Tlooo >
36,000
$934,000
10
|
$113,000i-
$10,000
185,000
/
> Total
'
203,000
;
1945
>> 1946
Corporate
i.
176.000
160,000
Friday-
Bonds
V. 8. Government
listed
$ 103; 600
>
107,000
462,160
Wednesday.
Domestif,
Foreign
Government
6,986,170
Btocks-^-No. of shares
Below
r
Value)
Foreign
fev 0;
.Shares)
$21,740,400
Thursday—
;
Bonds (Par
(Number
$123)000-
$1,295,000
457,050
Bond
Bond*1
'.M Bonds
Shares
Total
Government
Ratltoad
Number of
Week Ended May 10,1946
Stocks
United States
Stocks,
May
May
May
Dec
Jun
35
1
Zonlte Products Oorp.
•
Dec
Jan
17
Feb
Jan
103
29
x33% Jan 17
Prior
dash sals.
78
47%
28
Apr
36% Apr
Dec
107%
Jan
Jan
105
Dec
43
105% Dec
101% Aug
16
16
Oct
45'/a
>44
21
26
84
Jan
583/4 Feb
106.
Mar 26
Jan
Jun
37% May
50% May
(
Feb
Oct
27%
11
26
70
101
27% July
100
31
42
5
>
28
107% Jan
36% Mar 21
1033/4 Jan
26
Wyandotte Worsted Co
2,400
6,200
30 V*
39% May
3,100> Youngstown Steel DoorMMJITo |»«f
v
4
24
43 Va
1,000 > Tale A Towne Mfg. CO— ,> ,
»l
42% Mar 14
York Corp ...
1
21% Feb 26
Young Spring ft Wire.
—.No par - 27% Mar 13 >
9,800> -Youngstown Sheet 6i Tub»—No par >61%Mar 13>^
36%
13%
Feb
Apr
56
2
Apr
Dec
61
22
—1
Dec
Jan
34% Apr 25
>
Dec
3%
,-v
32% Jan' 17
231/4 Mar 30
873/4 Jan
/
323/4
13% Jan
9% Mar 15
-
40
115
22% Mar
May 10
Jan
3,200
1,100
31%
76%«
26%
n New
800
7,200
55
24
35%
13%
> >
•
Apr
116% Apr
241% May
pfd 4%% series
100
Prior pfd 4% % Conv series—100
Wright Aeronautical
No par
Wrlglev (Wml Jr (Del)
No par
>
119% Feb
7
112% Jan
34
200
603/4
64% v:
76%
>; > 35%
>13%
Apr 23
35% Feb 26
115
10
10
No par
Woodward Iron Co
47%
63%
.
Dec
142
59%
•45%
46 Vs
'
1183/4
Nov
10
631/4
47
54.
23%
30%
70%
26
18
Sep
27% Feb
Co
59%
44
,
Dec
1133/4
El,Pow Co 67* pfd—100
621/4
•76
26
Wilson-Jones
59%
103
112
No par
No par
preferred
Wisconsin
165
43%
253A
$4.25
'.*45 /•■
•
Jan
45
5
59%
*84
101
35 Va Feb
Motors
45%
*100%
:
11
20
Wilson 81 Co Inc
500
76 Va
53 >53% "
22%
223/4
297/a
30%
'67
69 ' -
69%
261/4
z5%
18,400
24,300
100
413%
083/.
*Bld
85
113% Feb
No par
60% /61%
98
96 %
101%
Oct
Jan 23
110
No par
,.20
Oil Co
Wilcox
Willys-Overland
76
*30
13%
96%
*84
84 >,
w
23
03
1
101%
98%'
101%
preferred
59»/4
61
118%
1
451/4
59%
84
53%
53%
47
60%
42
*203/4
*45
113%
Jan 4
No par
preferred
18%
17%
*145
165
conv
Prior
Nov
Jan
1093/4
100
100
conv
23%'
100
20
*19%
*145
165
•145
>
173/4
997/a
99%
>
2,500
11%
227/a
22%
22%
'>17%
%
$4
300
> 11%
19 3/4
19%
19%
591/4
-
84%
76%
>*35
11%;
30
■■':36^»
35
>>
37
1001/2
No Par
White Sewing Mach Corp
13,100
173/4
88%
11%
23%
22%
165
17
*86
90
35
17%
59i%
*1003/4
101
83
17% '
113/a
993/4
45%
•96
983/4
*97
•100
17 V*
f.
Nov
6
—No par
White Motor Co
4,500
Nov
89%
30
12.50
Instruments
White Dental Mfg (The S S)
700
.
38%
37%
35%
11%
17%
45%
*59
38%.
>
38%
Apr
23% Mar
30
12%
$5 conv prior pref
330
,
Dec
Jan
24
Apr
No par
preferred
Wheeling Steel Corp
3,600
53
36
>
5%%
84%
122% Feb
100
Wheeling & Lake Erie Ry
40
>>,>- 390
'
*86
993/4
*145
'
17%
'
'
105
36
35%
373/4
>
90
17%
19%
•'
19%
165
50%
*104%
105
35%
38%
72
104%
104%
>
51%
50%
*104%
99%
16%
*99
58'%
45%
*45
;>
1
*145
104%
1
23
.
1173/4 Apr
12%
$3.75 preferred
1; 1,100
>
Apr
88
4
No par
Westvaco Chlorine Prod
1,100
.105
*70
70
•683/4
> 104%
34% V
*35
■
23%
»23 >
17
99%
;>
; >18%
M
19
165
*144
.
23V4
16%
22
17%;
17
104 >:
5P/4
.*86
11%
11%
99'%
22%
22%
*99%
>•
105
163/4
,
36
1 *35%
11%
>
-
>41% Feb
3
Dec
16%
.-
3
Teleg class A-No par
:
Elec
Weston
May
2
100
A
Preferred
900
9 „:
Jan
100
Westinghouse Electric Corp
74,300
1,160
42
105
1043/4
:
40
; •
*40%
x40% >40%
373/4
,
V: 40
•
90 />
*88
36
*11
:
40
34%
17%
>16
16
90
15%
39
'
.
20
Jan
1
.10
Inc
Westinghouse Air Brake
8,900
43%
70
104%
38'A
36%
373/4,
37
16%
<•*88
.35%
42%
1043/a
-
503/4
51
35%;
35%
35%
*35%
*103
38%
347/a
42
104%
*683/4
.
104%
104%
105
104%
105
49%
48%
48'%
48%
48%
•104%
70
104%;, 104%
37%
343/4
40'A
41
104
104%
104
>
373/4
33%
39
40%
37%
163/4 Apr
Dec
115% Jan
"
40
„
Class B
>
23%
37%
39
105
233/4
Western Union
14,000
34
37
-
41
40
•104
37%
33%
V *22
Lines,
series
Preferred
500
Jan
312
Western Pacific RR Co com—No par
1,400
.
■.>:•
38%
37%
38%
,
*22
■v
233/4
*21 :>
23%
40%
>
*39
401/2
36%
33%
363/4
*21%
37%
,
x33
41%
41%
x
::
>
36%
40%
*22
233/4
> 37%
37%
36%
35%
26%
35%
37
100
52
99
*96
30%
>36
100
Western
25
50%
51%
98 'A
31
Dec
47V2
■
par
100
Auto
Western
3,600
<
Air
47% Jan
331/2 Jan
No par
Supply Co
Maryland Ry
4% non-cum 2nd preferred
2,500
10
♦23
52%
98%
Western
2,200
pfd
Co
preferred
4Vz%
20
88
9%
25
52%
99
•98
>
85%
9%
West Penn Power 4%%
West Va Pulp & Pap
1,900
>,'•
26%
25%
85
53
•52%
48%
116
*114
26%
*23
25
*22'%
25
*24%
25
*23
9%
93/4
9%
93/4
9V4
9%
'
48%
48
116
280
116%.; k.
116
116
116
♦113
473/4
47%
114
Feb 25
Nov
32
333/4
Jan
Mar
20
100
100
preferred—
6% preferred
>
241/4
16
> 853/4 Mar 15
No par
1
Indies Sugar Corp
7%
50
,
5
preferred
'
35 'A Mar 14
>343/4 Feb
> 40 j
No par
West Penn Electric class A—No
220
112 %>
: 112%
112%
112%
112%
; >
120
120
'
112%
$4 conv
West
6,500
>>>:':> 30
>
21'/a
143/4 Aug
27
Apr
$ per share
tper share
12% Mar 14
.0
Inc
9
28% Mar 14
1
Tobacco
24
Jan
30
.
Highest
Lowest
•
% $ per share
18% Jan
30
No par
Wesson Oil & Snowdrift
700
•;>
43
117
>: I per share
5
Petroleum Corp
Webster
1,900
>>'
Highest
Lowest'
Wayne Pump Co
,;>>>; 700
Year 1945
Range Since January !
Waukesha Motor Co
700
,90% >
42%
*115 »/a
121
113
•803/4
Range for Previous
r
•
STOCK
EXCHANGE
-
Washington Gas Lt Co
>
.38
*887/a
90%
117
;
>15% ->
14%
*37%
42%
117
117%
*112%
114 '
*88%
42%
*117
47 3/4
48
48
>
14%
113
115%
115%
1151/8
115
48
YORK
NEW
«
..
d^PJrren
1,400
30
44%
37%
43
42%
>>
29%
43%
14%
121%
3. 120%
*112
'121 V.' 121
113 '
121
'
:\> Pan
1,500
,
;;
1
29%
37%
90%
*88%
>
32%
44
14%
117%
*117
117%
117%
1173/4
•117%
43
42%
42%
:
91
*88
90
V
41%
>
43
♦42'A
29
32%
29
373/4
»' 37
'
29
33%
44
44
14%
14%
37%
14
>•'
28
32%
*
29
*43 %
433/4
433/4
S
28%
293/4
*283/4
•37'./
14%
143/,
i'
Shares
$ per share
share
27%
28 %
33%
28%
*33
73
73
29V2
*28 3/4
*28
27%
32%
31%
$ per
$ per share
share
$ per
27 %'
•
'
>
>>
'•••
the Week
''
share
$ per
share
♦271/4
May 7
May 6
May 4
4
May 9
May 8
Sales for
Friday
May 10
Thursday*,
•
Wednesday
STOCKS
>•
,
HIGH SALE PRICES
Tuesday
Monday
Saturday
43.25
77.03
105.25
116.93
100.48
108.85
107.88
;
> >
Trust
Co
-
-
Bank & Trust-20
Empire Trust
Fiduciary Trust
First National Bank-,
$39,227,000
$82,519,000
City Banks & Trust Cos.
Bid
32%
430
49
51
138 >> 143
112
116
43'/2
45%
49
51
46 <;
22
60 %
49
23 %
62 Vz
Bid
Par
Ask
34%
442
117
122
41%
44%
100 1,840
1,900
56
10
$3,021,000
$33,110,000
$61,033,000
> 5,860,000 V 20,989,000
248,000
497,000
Fulton
Trust-
200
-.100
National
190
-10O
Guaranty Trust
..100
Grace
339
18%
—10
Irving Trust
._100 1,940
1
Kings County Trust
25
50
Lawyers Trust
61%
Manufacturers Trust Co— —20
?
Morgan (J P) 8c Co Intf— .-100
.12%
National City Bank
295
25
46%
105 %
Public Nat'l Bank & Trust- .17 Mi
433/4
New
York Trust
Sterling National
Title Guarantee 8c Trust—
United States Trust
&>k
215
.
348
197/«
990
53
63 %
301
481/2
1091/4
453/4
25
92
96
12
27 Vz
29
..100
775
805
-
f
*ry,
.r'
uwwatttVjar'
* '<
.
.Volume
of/
M
;
•
■
.vw'
'■
•
Number 4489
163
'
Bond Record
S.
A-O
*104.30
*100.7
J-D
*107.20
J-D
1956-1959
1958-1963
1960-1965
1948
1949-1953
1950-1952
1952-1954
—
1956-1958
1962-1967
I£63-1988
June 1964-1969
-Dec. 1964-1969
1965-1970
-1966-1971
June 1967-1972
Sept 1967-1972
Dec 1967-1972
Treasury 2%a
Treasury 2 Vis
Treasury 2%s
Treasury 2 Vis
Treasury 2%s
Treasury 2Vis
Treasury 2Vis
.
2 Vis—
Treasury 2 Vis
—
—
Treasury 2Vis
Treasury 7Vis
Treasury 2 Vis
Treasury 2 Vis
2 Vis
2 Vis
Treasury
Treasury 2Vis
2 Vis
Treasury
—
Treasury 2Vis——
Treasury 2 Vis
Treasury 2s
108.10
116.17"
M-S
*103.28
103.30
Af-S
103.6
*106.9
Treasury
23—
No.
24
Series
No.
25-
Series
No.
26
Series
No.
27
3%s Series No. 28
Series
No.
30
(City)
102.10
,7r/r, 22
102.16
102.16
'•>S 4
*101.30
105.1
s f 5s
'
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101.25
*102.29
104.16
102
J-D
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102.29
M-S
*102.29
102.31
-
V M-S
;
*103.16
iB 7103.19
103.19
J-D
103.23
J-D
*105.20
101.14
•
vV;'.y
•i:
J-D
101.15 101.31
■
101.16
*101.14
York
121V8122%
125%
120%
132
1900
6s
J-J :-7
Jan
1961
J-J
Foreign Securities
A 6s
:
3s
A-O
Wertheim & Co.
:
*
120
REclor 2-2300
Teletype
1-1693
NY
Broadway, Hew York
Cuba
Rica
i-v 4%s
-
■
29%
16
:
29%
29
*29
•'
.
30
21 y4
30%
24 */4
29%
7 22 y4
30%
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f"*
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;
:
29
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•
11
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A-O
30
r
28 y8
28%
M-S
28
28
37
1901
81%
84
85%
85%
81%
85%
67 V*
67%
58%
67%
■51%
52%
*83
A-0
J-J
A-O
1947
A-O
1940
;y,
67%
-stv- *53,;
M-N
—1947
J-D
-1953
51%
99
91
v
100
95'/4
35%
1949
Af-S
*106
.—.1949
F-A
debt
33 '/4
Vi,
104,
Foreign Govt. A
AGtd
AGtd
Municipal yy7(Colombia)—*
1947
sink fund 6s
J-D
1953
J-J
1945
J-D
ser A.1951
A-O
1952
A-O
112%
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sink fund 6s
1948
A-O
Mnm
y."82'
82
1942
'113 % 113%
*109
(King of Norway)
AAntloquia
AExternal
s
1968
1945
4s
coll 7s A
(Dept)
External gold 4 Via
—1945
1945
1945
1957
7s series B
f
AExternal
s
f 7s series C
AExternal
s
f 7s series D
AExternal
s
f 7s
1st
series
•-
AExternal
sec
s
7 37%
Af-S
A-O
Customs Admin 5 Vis 2d series—-1961
M-S
*101
rxK-.
33
A
3-D
External
s
s
1955
—1955
f 6s
f 7s
lABrazil (U 8 of) external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)—.
AExternal s f bvis of
1941
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1979
AExternal s f bvis of 1927
—1957
33
7;7 7
1979
(Int reduced to 3.375% )
(Central Ry)
■'
yt
2'
777 2
'
A-O
J-J
M-S
<4*;
:
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^
4
62 & r
101 YB
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V"
15
109 VB
■
109%. 109%
)•' *110
Hi
>. J-D
7
J-D
79%
*71
■>.
y,
A-O
:§;•
7;
72
80 Vi
80%
A-O
-
y
71
71
81
■
81
'
J-D
1952
—
J-J
1949
1949
M-S
'•
7
109 7/8
S 44 "
paid
AJugoslavla
AMedellln
s
•
17%
18
15
100
A-O
;
1978
■
3-D
V.-
y
*72
(State Mtge Bk)
(Colombia)
7s
1954
3-D
:
31%
31%
1954
3-D
r/
99%
99%
1943
6y2s
tProv) 4s readjusted
AAssented
AMexico
80 %
<US)
U-N
I'
*13%
to
5.
Nov.
1942,
AAssented
to
Nov.
1945
5,
*11
agree
extl 5s of 1899 £—1945
AAssenting 5s of 1899
72%
62%
■I 30
:
65
59
99%
21
22
11%
"
Q-J
*21%
Q-J
*21%
16%
1942, agree
22%
—
16%
.81
.74%
y
.
-
(Int reduced to 3.375% )
External 8 bonds of
1979
72%
e71
Series
No.
1
b%-s
Series
No.
2—
3%s
Series
No.
3
3%s
Series
No.
4
3%s
Series
No.
5—
3%8
Series
No.
•'is
Series
No.
6
7—
3%s
Series
No.
8
3%s
Series
No.
9
3%s
Series
No.
10
3%s
Series
No.
Series
No.
65
65 Ya
'*
—t
7-
Series
No.
Series
No.
Series
No.
16
footnote
see
page
7*177
—
4
66
For Financial Institutions
FOREIGN
* 7
FIRM TRADING MARKETS
67
61Y*
66%
61
66
;
72
7
63
65
77
%
641/2
80
80
60%
60'%
65%
—-
'
65%
61%
2605.
—
>'
FOREIGN SECURITIES SPECIALISTS
64%
2
60 Yb
65%
60%
65 y4
64%
5
60%
64%
50 Broad Si.« New York 4, N. Y,
63%
64%
*64%
—
mc. (
'
65 Ya
2
.
*64%
—
PJVBL MARKS &
79%
80
79 Yb
80
SECURITIES
,7:
67
78
80
64%
61%
77%
*64%
—
64%
-7
72
82
*77%
*77%
——
15
3%s
2
65%
*77%
—.
14
3%s
65%
72
•
61%
3
66
65%
*77%
I,
7
65%
;
65%
3%s Series No. 13
3%s
67
65%
——
;
12
For
61
72%
58
2
66
*65
11
3%s
•
: 12
72%
1944 (Plan B)—
3%s
64%
Telephone HAnover 2-0050
v
15%
5%
v
32%
—
72%
j
24
96 y8
80%
58
'73%.
95%
104%
14%
*14% -19%
stamped pursuant to Plan A
(Int'reduced to 3.5%)
funding bonds of 1931
19%
102
ZZ
22
102
95%
*96%;;yi-.y'y
*103
M -N
1957
•
15 V4
100% 100%
5:8
18
15%
i960
f 5s
Irrigation—
A4Vis stamped assented
80 7
58
3}*.
IZI W: 1
50
Mexican
64% 774%
7y:.yl.67y:
102 %
:
*34%
1964
,—1968
paid
part
part
Mendoza
115 y:
111%
•7*62%
2 7
103
*103%
Irish Free State extl
109%
103
*105
J-D
*101
105%
107
v
103
Government—
103%
105
7'77 '■ W"r
1967
7s
110 :7
101
III 77 Z
72
A6s
■
'■. 72
A-O
(Republic of)
A-O
101%
106%
100
102%
y
102% 103
A-O
1969
Haiti
103%
:
90%
102%
99% 100
1969
series.
(Republic) s f 6s series A—.1952
Helsingfors (City) ext 6y2s
1960
72
80%
5 Vis
102
'777727: 7;, 64%
78%
.
104 %
79% :
79
80 Vi
38
'y-I~i
115
115
fund
96%
20
I; Vo 3
1st
sink
96%
:
__
J-D
I A-O
•7
7v>
:102% 102%
r.
A 7s
,
101
5
iT.- 23
109% 110
104% 105-
M-S
•
10
,
'•
•:*.K-'i.V
J-J
,y
103%
-100%
7y
£
-
102
series
1926
French Republic 7s stamped
7s unstamped
7
Greek
101
series 5Vis of
AEstonla
33
123
103% 103%
105
Af-N
33
75 30%
101
Stamped pursuant to Plan A
v
5Vis 2d series
103% 103% 7:
'i '..;;■■
Stamped pursuant to Plan A
-
A7s
-
5V2s
33 Y*
103%
1978
1957
1926—
37%
37%
307/s
7122% 1237 77 ...y^oy
U-N
F-A
•
External
'
7
•
104
*101%
36%
'
101
,
*101%
1940
>
101
102%
17
*102%
A-O
IA 2d
i
100
.
100%
96
8
A-O
37%
,13:,
44
1940
5A 1st
?7'36%
1
37%
733% 77
V
,
y 98%
100 Yt
99
1962
Rep Cust Ad 5 Vis
38
36%
33
33
Argentine
V
37%
V
A-O
f 7s 3rd series—1957
(City) external 5s
1958
(National Government)—
S f external 4Vis
1941
S f conv loan 4Vis
1971
8 f extl conv loan 4s Feb
1972
8 f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
External g 4Vis of 1828—
1958
Belgium external 6Vis
1949
AAntwerp
38
•37
7 733--7
167%
98
*99
1942
IA Dominican
36V4
37%
•
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~6
,37'/a
J-J 7 77::
AExternal sec s f 7s 2d series—1957
'
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V;'A-6Wb
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*85 77104
j'..
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;':J-j:7;7y77
115
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'
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;•
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39
108%;
162
167% 167 %
1955
«
112 y
1977
ASinking fund 8s series B
IA Denmark 20-year extl 6s
External gold 5 Vis.
79%
*80
.
97%
108
106
*103
541/2
100
88%
95%
33%
M-N
54
51%
54%; 54%
v
Af-N
1951
;
*53
F-A
tom
__
.
"
Agricultural Mtge Bank
27
,M8%
•?(-/.
f.K
(Rep of) 8s
,
28%
30
4y2s
A Czechoslovakia
29
29
22%
*27
J-D
7901
5Vis
29 Va
21%
*23
M-S
APublic
wks
23 V4
23%
28%
i960
^1970
23 y4
29
21
18%
28 y8
28%
23 y4
20 y8
••••
:
28%
28%
25%
;
21%
28%
28%
30%
21%
-
21
Sinking fund 5Vis
v77'7v
30%
4
—
•
Af-N
Jan
external
30 y4
:21 Vi
24 y4
7::'-.
M-N
17 '
loan
30%
21%
7772
29%
_198l
7s
30%
21%
y;.y is ■;
''
29%
29%
•
30%
22%
-
—1962
(Rep of)
;
''
•
30%
21 Yb
,
•"79
y,'v7:l7:
29%
30
24%
1
30%
29 %
J-D
1961
(Republic of) 5s of 1914_.
External
%r1'." ...1''
Il962
(Cltvr fis—:
30
' 21%
'
J-D
1901
25-year gold 4y2s
A Costa
Members New York Stock Exchange
Telephone
■
Af-N
J-D
1957
6%s
63 y4
22
y
Af-N
1903
ASinking fund 7s of 1926
ASinking fund 7s of 1927™.
102 y4
63 y4
1
77'
yr '
bonds
114%
101%
29%
29
'
7:y:-;29%'
1901
AColombla Mtge Bank
Copenhagen
7
A-O
1901
f $
111%
9
1900
s
4
30%
29%
■
29 y8
1957
1928.
external
7
—>1962
1927
112%
V-
29
1
M-S
(Republic of)—
of
110%
29
29
•
.jgep 1961
1962
78%
33
29%
-v *.it
29
M-S
(Hukuang Ry) 5s
y A6s .of
29
Sep 1961
assented
Colombia
•
7
A-O
1961
—.1963
.74%
29
■>.'
96 %
100
90%
11
29%
F-A
6s
96»/2
88%
■■ lyn
r"':
Jan
f bs
96l/a
87
5
Jy.y
59 y2
■
96%
86 Vi
39
'■
'} ^7.
F-A
AChilean Cons Munlc 7s
a 7s
104
9
.7 •
*101 y8 102 Ya
t
♦_ ■:
1961
assented
AChinese
102
"
113% 113%
,
f
'
.
•
7 110% 110%
113%
7
1961
A 6s assented
,
102 V2
81%
*78%
77
1107/b
Feb
AGuaranteed sink fund 6s
;
—
'
99
97
■'M
Feb
assented
a 6s
100
...
102%
95%
96 Vi
A-O
it A Guaranteed sink fund 6s
121'A
96
Il980
A6%s assented
Corporate Stock
3%
96%
M -N
A6V2S assented
Transit UnificatloYi Issue—
96%
A-O
M-N
A 6s assented
sinking fund 6s
^ 6s assented—
City
64%
101
2
96%
1942
f 7s
assented
65
60%
8
96 Y%
J-J
ASinking fund 6%s
New
i-
95
J-J
assented
s
7'
102%
102
95%
1949
sinking fund
65
61
5
:
*96%
J-J
AChile Mortgage Bank
102.17
101.17
^
;':7
101%
96
1994
s
64%
60%
v. ■
yyyy.
F-A
1951
External
657/s
60 Yb
■.
15
Af-S
Jan 15 1948
(City) 8s
AExternal
103.22 104.29
„
■
3%s
A 6s
'y 7
64%
__
A-O
.AExternal sinking fund 6s
103.19 104.26
105.22
*101.12
104.14
102.30
103.23
—1953-1958
June 15 1948
1950
}
y
65
60%
64%
Af-S
i960
A 6s
-
.
'
*102%
'V-y.
J-J
(Rep)
iu-W
■
64%
m
Af-N
f $
s
V AExtl sinking fund
.
103.27 104.3
.
103.18
J-D
V-*'
VlZv 6
103.13
103.13
•;
*
65
61
•'w-w
:
1976
4%-4%s
ARy external
I';'
■
J-D
1984
A6s
10X22
103.7
102.26
Af-S
juL iih'-'"1- f
F-A
J979
A Extl
v
65%
101 %
A''
65%
60%
8
'
65 Vi
*64%
..
60 Yb
U—'
7 :
1976
AExternal sinking fund 6s
A 6s assented—
103.9
103.9
■'>$''' !'■
•1|
65
1977
^7s assented™
102.24
.'I
zr.v
Af-S
(Dom of) 30-yr 4s
AChile
65
18
65%
64%
.7
64%
bonds
2%s
,7
65 Va
60 Va
:
ipgi
f 4%-4%s
s
s f
external
25-year
A
64%
60'A
2
V;
f 4%-4%s
s
ACarlsbad
•.•''Cf T.~*
102.20
*102.22
gold
'
."7*64%
1950
6s
3%
63%
60%
—»
65 va
65
*64%
^'7 J 7,7'
*64%
:
1958
(Province of)—
Vy External
102.31
*102.18
■u.'
65%
mmm
1957
External readj 4%-4%s.
101.4 V 104.7 ;
'
M-S
64%
III
——
stamped
External
107.14
100.29
6
102
*101.23
7-
•
fund
•
VvV:?;!?;';.
29
Refunding
;7
'M-
102.6
■3-D
j-d
No.
5s;
A6s
108.14
,
65%
:.'i J
'
''■•fy'.;;*
I__
._y:
fund gold
Canada
105.10
102.6
.:';7'y77yvy7
—.
Sinking
109.15
106.16
I '[.y.'l
7'-
—
II
Series
107.9
■;:'7y'
I
Buenos Aires
;
105.1
J-D
l3/is—a.—
IVis
Treasury
No.
Series
Sinking
107.4
106.28
*108.12
—1951-1955
2s
2s
Treasury
Treasury
Series
3%s
101.15
y
''wm— •' "l5"'I
;
3%s
104.21
I"!
65
65%
*64%
..
:.wrnm*m
;
3%s
72
106.11
*104.19
*} \
/ ■
s
102.11 107.10
10i:i6.106.15
103.15
107.8 H
103.19 :
M-sy::
60%
63
*64%
m+~.—
3%s
107.9
102.11
;
,103.4
f
3%s
;y,
69
104.17
107.8
J-D
No. 22
i 102.22 107.19
9
104.22
103.6
3-D
64%
65
■
'
3%s
104.9
WM&i
103.4
M-S
L-.
Series
/
103
3
—i
-—June 1952-1954
.——Dec 1952-1954
2s_
Treasury
104.25
104.17
High
60%
21
107.27
105.22
105.23
105.9
104.16
j-d
No.
Brisbane
.1
*104.24 104.26.
Af-S
3-D
Series
107.5
105.9
3-D
; j-d
J-D
20
106
106
v','
104.25
J-D
No.
I
105.23
j-i)
Series
3%s
'. ■> :"v"
105.31
C-'V-''
-v-.v?
Low
No.
High
*64%
_
'
107.31
V J-D
January 1
Sold
*64%
19
U8i23
"118.15
*105.29
J-D
3-D
18
No.
115.23
*107.29
y'Vv;
Af-S,
Af-S
Range Since
Bonds
Thursday's
Bid & Asked
64%
No.
Series
3%s
109.22
106.15
*106.13
•
or
*64%
Series
107.15
M-S
..
ZZ
105.19
*105.17
Last
Sale Price
;
—
17
115.26
114.19.,
J-D
Week's Rang*
Friday
,
Interest
Low
(Continued)
No.
101
115.23
*116.15
■
(Continued)
$ bonds
3%s
109.8
i
*114.17
.■'
y 4 :,\0 i
V7!; 7;;
Exchange
''
J-D
J-D
1951-1953
Treasury 2s
Treasury 2s
J 08.8
Stock
Series
'-•V
■
.v.
,
York
3%s
111.18
103.20
*113.20 113.22
?iiiry-
V;l: BONDS
■
7;> 3%s
109.27
*
'W
J-D
Treasury
■
100.30
103.19
Treasury
Treasury
(.2
10
New
Brazil
110.4
■
113.7
Af-S
Treasury
2601
Period
100.25
*103.17
M-S
Mar 1948-1950
2s
~7
Dec .1948-1950
2s
Jun 1949-1951
2s
Sep 1949-1951
2s
—-——Dec 1949-1951
2s_-_ ;
—Mar 1950-1952
2s
Sept 1950-1952
Treasury
J*.
.SIVa.1
.
3%s
'v 100.8
*113.5
J-D
MAY
V; >
107.22
*109.27
Treasury 2s
Treasury
H&-
YEARLY
-
7
7
High
100.15
•
Af-S
1951-1953
1952-1955
1954-1956
1956-1959
June 1959-1962
—Dec 1959-1962
-1947
Treasury
*100.6
;
i
'
Af-S
-
Treasury 2Vis
9A;« 'i
<
External
M-S
-—1951-1954
Treasury 2%s_—
Treasury 23/4S
Treasury 2%s
:
Low
No.
100.9
1948-1951
Treasury 2%s««
Treasury 2%s
*.
*U, - ■ -*
January 1
105
J-D
.
Treasury 3s
Treasury 2%s
•
ENDING
Range Since
1
Sold
High
1947-1881
1946-1949
1949-1952
3s
WEEK
:
Bonds
Friday's
Low
3Vis
Treasury
or
Bid & Asked
1946-1948
1951-1955
:—1955-1960
Treasury 3VeS
Treasury
Last
Sale Price
Government
Treasury 4Vis
Treasury
....yy
FOR
Week's Range
Friday "v
Exchange
Interest
Period
D.
i,.t»
and defaulted bonds. Cash and deferred delivery sales are disregarded In tbe week's range, unless they are the only transactions
regular weekly range are shown In a footnote in the week in which they occur. No account is taken of such sales In computing the range for the year.
Period" Indicate In each case the month when *h» hand# mature.
^
BONDS
Stock
.
WEEKLY
-
RANGE
York
'
column headed "Interest
The italic letters in the
New
.
"and interest"—except lor Income
are
week, and when outside of the
V'
MT"1'
•f*'
New York Stock Exchange
«»
TUbKt
NOTICE—Prices
V
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Teletype N. Y. 1-971
16%
Monday,; May rl 3> 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
,2602
NEW YORK BOND RECORD
RANGE
MAY
FOR WEEK ENDING
10
'
■
Week's Rangeor Friday's
Friday
BO ND S
Stock
Interest
Exchange
Last
Period
York
New
Sale Price
Albany Perfor Wrap Pap 6s———J948
Railroad
Reorganization Securities
American
PFLUGFELDER/ BAMPTON & RUST
New
Membert
York Stock Exchange
Broadway
61
3s
—.1962
3s
^
^.*——1969
Stock
.Interest.
Exchange
Last
Sale Price
or
Friday's
^
•
J-D
4s oi
1945
J-J
18%
A Assented to Nov.
5, 1942, agree
IA Treasury 6s ol 1913 ase»ent__i933
A Assented to Nov. 5, 1942, agree
J-J
"24%
A Assenting
Mlnas Ueraes
1910—;
—
•
fi'As
to
external
Norway
Wales
f
s
f
*■>:
46
44
48
39%
41%
M-S
44
40
40%
39%
*120
*40 Va
.1956
•MS
-1965
-1963
10111
103
101 Va
12'
101
107%
102 Va
101
A-O
100
100
101 Vz
F-A
101
101'
102'
16
'
100
A Panama
(Rep) extl s f 5s ser A.1963
AStamped assented 5s——1963 A
Stamp mod 3%s ext to—;
1994
103
101%
ref 3148 series B
-1967
APernambuco (State of) 7s—-.—1947
2.125%)——2008
A Nat Loan extl 8 f 6s
(Rep of)
*105%
43
*39
'
l
42
26
:"\'p
A
43
i
M-S
42
26
M-S
26
ASA.::,
V
25
26
:
24%
25%
174
24%
;;
24%
25 '/$
126
24%
30%
*18
A-O
*31
J -J
1961
.
(Int reduced to 2.375%)
—M.
;
'31%
18%
19%
47
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2006
APraguo (City of Greater) 7%s_—1952
J-J
*39
M-N
*70%
80
Queensland (State) extl 6s———1947
F-A
101 % 101%
A Rio
A-O
(City of)
(Int reduced to 2.375%)--—2001
sec-6%s_.._——.1953
5
•
:
45
48jA:i'A
50
40%
48
38
52
45
45
V
V*
debentures
.2%s
—
'
*45
47
43
VH
J-D
*38
J-D
-
;
•
V
45
A~2
40
45
$ SI
36%
44
;
A
45 Ms
to
A6%s extl secured
f
-5.
42%
Stamped pursuant to Plan A
*
*■
(Int.
to
reduced
I ASan Paulo
(Stat«f)
"
A
47
12
53
*43
M- N
s
extl water loan™.
45
M-N
*43
*
J-J
66
■;;45
'
* • ■:
—————————m
1
*. V
3%
J-J
7;
71
40
(Int
f
s
7s
reduced
Berber Croats
J-J
A8s
secured
A 7s
.
series B sec
71
i
,
;
ASileMa
(Prov of)
extl
A4Via assented
J-J
60
T*:
?
V'..
A-O
—1962
M-N
7s-——1958
1958
69%
'AS
55 ";i V61%
64
54%
60
61
•
A
—1950
conversion——;—1979
-1978
conv__
/'•v'./r
of
68%
72
;72:',;V"
:
■
-
16
27
13%
21
15%
11
13
20%
22 ,i
24%
25
V
103% A
20
102
104 A
120
*115
..A
;
Af-N
92%
93%
35
93%
93%
~2
93
93
92%
,
Af-N
*88
J-D
86%
93%
18
Great
Southern
Power
1st
i'
•
.
2
:
For
footnote
see
3 Vis
83
:
"t
83
page
2605.
70
84 Va
2
72
r
85
104
fe:i7;.;
IJ?
*106%
105%
106% 106%
106%
6
105% 106 J/»
18
105%
105%
107%
107%
29
104% 106%
104% 104%
105%
;
104%
105% 105%
104% 104%
M-S
:
af;s5yfci
A-O
72
•if"' — vf
85
54
48%
54
54
107
104
107
102%
A-O
:
102% 103
10
108
J-J
83
.83
*45
84
M-Vt
108
108
2
\ 92%
58
56%
'
98
107
103
:
104%
108%
106%
109
'7'}',
c
V '.v,'v ; -f
•
-
C'J:
A-O
Iv J-J
f?:'v
A" J-J
■
,122%
A. 115%
J-D .A."
-yf
J-J VA.
^
SAConsol gold 5s
A
J-D
F-A V:
•
115%
-
105%
9
104%
105%
104% 104%
J-D
102% 102%
1948
F-A
.
100
8
100
,
M-N
J-J
*104% 105%
108% 108%
e
102
% 103%
115% 117%
♦II
M-S
1:,
F-A',.'
118
116%
119
122%
124
123%
'
2
r
a;
"
J-D
A ":i *27
:
Ifgii.'
80 Va
26
27
*40
*i09Va
"■■■
J-J
f Af—
"
"J-J
.
45%
43%
—— —
'■
.12
'99%
74%
,
109
91
108
87%
19.
23%
22%
33%
84
33"%
V
AAA
e.
107%
44%
109%
100 Ms
106 %
102%
43
45 V4
Alio
42%
437/a
92
42%
60%
39%
56
42%
52
42%
42
•37%
107% 107%
107% 107%
105%
105% 106
'
37
108
Ay; AA;: AU]
--
." "F-A'
V
24
.
23
'
240
,
49%
49
49
A;:'
3
61%
107
108%'
107% 110
104% 107 %
110 Va
F-A
48%
113
49%
.
*
M-N
—1996
F-A
146%
M-S
—1996
—1946
J-J
105%
—1989
J-J
108 Va
—1989
J-J
103% 106
*104% 105
J-J
.—1992
—
88
76
107%
Potts Creek Br 1st 4s
107%
102
*40
'
82
43
A-O
Ref ft impt mtge 3%s D.
Ref ft impt M 3%s series
/
A ■—,;A
A A 45 -:
"F-A
•
—
VA 16
105% "
48.1949
5s—.—*—^-1960
3s-—1965
102 Va
121
21
28 Va
•74%
J-J
-J-J
92
3s——u—*1974
>
116%
100%
108 Va
; 104 : 107
96 A
Ay AtAt —: VA y 87%
27
A-O
registered —————1987
4s—.—-———*1987
A 48 registered
——11987
\iV*% to Aug 1 1949)
—-1974
j ACentral RR & Banking" Co—
5s stamp (partial redemption)—1942
114%
A
80
:
A5s
■
;
88
104% 105
105
105
'J-D
Illinois Light 3% s..——1966
gold
121
.
.A-O
money
V *0-< '
*87
F-A
1945
104%
101%
A
' y
105
A-O
ptif
'
' AAA0A-0 A
,105
108% 109 '
.■
A-O
107
100
115
6
J-J
M-N
109%
M-S
r
125 Va
2
f-AA 26. A
: ;a. ii v.
66 V.
;il4Va 114V4
100% 100%
F-A
/
:
y
125
122
-•At*
122% 122%
115% 115%
116% 116%
-A
'•122% 123% '
121
121
:
A-O
L.—_i—1945
Champion Paper ft Fibre deb
Chesapeake ft Ohio Ry—
13
1948
:
108
AtA 11 A
At
A
121
,121
106%
118%
;
f
'A
M-N
'r-
%ffff2 i?
106% 106%
A-O
'
'
109% 109%
1972
72
104%
105%
.ARef & gen 5Vas series B.—1959
A Ref ft gen 53 series C——-1959
1st & ref series A
1
J-D
—1967
106%
104 A
150
72%
72
104% 104%
*
Guaranteed
1953
1947
mtge 3%s_.
70
/
104%
4S_.-J.i_.1965
gtd gold 4s—-1981
90
21%
10-year deb 4V4s stamped.
106%
99
74
100
;
>,
106
106%
>
go
1 A':.
107% 108%
106%
*106Vi¬
99%
AAW:
102% 105%:
19
^
'
*—
133%
101%
101%
101%; 102%
103%
103
•108
3'
105%
130%
10
102
*101
M rSf
104%
98
—
101% 101%
pi
98%
25
132% 132%
'*****"•"
M-S
:
4% s
——1955
4%s——1956
4%s.—1951
95 T/a
18
Alabama
gold
gold
gold
Central N ,Y Power
14
Alabama
*103
Af-N
Central Pacific 1st ref gtd gold
18%
JToll trust 4s of 1907
104%
102% 104
S 6.,
102% 104
A F-A Af
3%s—
96
Railroad and Industrial Companies.
{Abltibi Power & Paper—,
'
103 Va
.1952
93%
*16
Adams Express coll tr gold 4s—
103
V102%
J-D
1957
87
F-A
I
102%
103
;V
'•;
86
?
25
stamped.:
38
F-A
{ACent Now Eng 1st gtd 4s——1961
{ACentral of-N J gen gold 5S—11987
*
90
A
104
A M-N
AGeneral
*13
series
103
-r'fA-w-i.A;
■I
2%s.l975
;
Alst mtge 5s———————Nov
Central
,
*84
5 A 5s
101
J-J
gold 4s—1951
AMobile Dlv 1st gold 6s——*1946
.
F-A
1984
.100%
Clinch ft Ohio
'r AChatt Dlv
120
*115
Af-N
17%
*120
Af-N
:
~
19
103 %
F-A
,
-A
4
J-J
—
53
A-O if A ■V •A-r;V.>fjAVl/V-
——1965
ACeht Branch U P 1st gold 4s.—.1948
{Central of Georgia Ry—
; .
.
,
79%
64
4
F-A
(City) external 7s—1958
A4%s assented—
.-1958
96 Vz
88%
J-J
Celanese Corp 3s debs—
1
19
F-A
■
~9
4-414-4Vis extl readjustment——1978
AWarsaw
70%
deposit-———.
Power
Cart ft Ad|r 1st
3%s extl readjustment.
,
349
96
A-O
Vis—1946
Can Pac Ry 4% deb stk perpetual—
{{ACarolina Central 1st gtd 4s—*-1949
Certificates of deposit.——.
Carolina
•
3%s-4-4y#%
External
70% ^1%
;
'
*10%
J-D
Sydrrv 'City) s f sv,«
ipsa
AUnu,u*y (Republic) extl 8s-——1948
3%-4Va-4-ft extl
98%
84%
102
5s--—.———1955
Elec
Guaranteed
54
•
79%
69
16
«
J-D
($ bonds of 1937)—
External readjustment—
.-1979
86
232
100% 102
Term.Bldgs 5s gtd———.r1^60
Guaranteed
70
15%
16
M-N
1964
89
85%
101
A-O
C—1960
Canadian Northern Ry deb 6
58
79
A-O
•
.—1962
A External sink fund 6s—.
87%
84%
103
102
"
map
A External sink fund
6s———1960
.
60
*52
————
86
A-O
A—1962
Canadian National gold 4%a
1957
Guaranteed gold 6s——Oct 1969
Guaranteed gold 5s—_—1970
S
A-'-A
(Klngdom)-^-
extl
91
101%
J-J
J-J
"
- •
I— .—1970
'' '
.
A Certificates
Guaranteed
71"
60
61%
*56
external—
123
71%
J-J
1968
Calif Oregon Power -3%S—I—1974
41
65
_
*55
J-J
3.5% )——1978
Slovenes
&
93
J-J
3
'
57
.71
61%
:
2004
.:.
to
88%
91
86%
SI
45
•
_
.A
♦63
M-S
-—1968
Stamped pursuant to Plan A
A
86%
92%
M-N
48
f 37%
*66
J-J
■
Stamped pursuant to Plan A
(Int reduced to 2%)——2012
8 A Secured
99
86%
F-A
...'..I———19o6
to May 1, 1947) due.
California
aaaa
'A-:'.-A:'
Stamped pursuant to Plan A
A
105
86%
jf-S
.
98
48
'"•.I
;
'
V'
*63
J-J
—<—1958
(Int reduced to 2.25%)—,
101%
V'
Canada Sotitnern cons gtd 5s
(QftQ
A6s extl dollar loan
28
220
,,
42
•A'"-'—-•
A
(Int reduced to 2.5% )_——1999
A 7s
101% 102%
j-D
f debentures———-.-——1969
'
>
107%
J-D
1951*
mtge 2%s ser
Consolidated
v
.1038
-
Stamped pursuant to Plan
103
101%
f
M-N
46%
95%
A :-r,
*45
(Int reduced to 2.5%)——1999
A8s external—
78
"
—1959
t
,
Bush Terminal 1st 4s
40%
39
AA:«A;
—
Stamped pursuant to Plan A
t
104% 105
85%
1995
:.
46%
98
96%
2%)——2012
8s!
38%
105%
105
•
A-O
{Burlington Cedar Rap ft Nor—
1 ^ '
§ Alst & coll 53-—————1934
36
'48%
*39
1957
;
33%
102%
:
98
MS
2.375%)—-2001
s
3
19
7: M-N
Bush
A A .',
A-O
Stamped pursuant to Plan A
reduced
113 A
118%
h 42%
46%
,
—1967
r
44
♦40
*43 '
J-D
;
..1993
Buffalo Rochester ft Pgh Ry—
Stamped modified
(interest
50
r
.
43%
45%
M"N;
Santa Pe external sink fund 4s---_19i54
fiASan Paulo (City) 8s———1952
(Int
107
109%
112%
45%
33%
M-S
i
'VA/A
due-
Buffalo Niagara El 1st mtge
52
•;
j'v 43
—
(Int reduced to 2.25%)——2004
municipal loan1967
Stamped pursuant to Plan A
> V
(Int "reduced to 2.25%)—--2004
"
104%
44
33% 33%
103% 103%
,
Bklyn Edison cons M 3Vis-—
---1966
Bklyn Union El 1st gold 5s—
1950
Bklyn Union Gas 6s series A.
1947
Gen mtge s f 3%s_.—
.——1969
,52%
;
41
26
V*45,'-
to
i
141
124
.125'/a 131%
3
45
i
J-J
1st M 5s series II
———1955
1st gold 4%s series JJ—
.1961
1st mtge 4s series RR——1960
Ainc mtge 4%s ser A——July 1970
fABostoa ft N Y Air L 1st 4s—.
1955
85'A
Stamped pursuant to. Plan A
-V
55
J-J
;; f
43
101%. 103%
*39
A-O
A 7s
*'
J-J
stamped^—1951'
Cons
;-
A 78 external loan of 1926—r——1968
;
"
;-^-2000
(int at X% to
!
Sep 1 1946) due—i-—1996
AConv due———Feb 11960
Pgh L E ft W .Va System— :
Ref gold 4s. extended to
195T
S'west Dlv 1st M (Int at 3%9>
to Jan: 1 1947) due
1956
:4s
Stamped pursuant to Plan A
(Int reduced to 2%)——2012
/
116
$
Bethlehem Steel Corp—
42
<80
VaA A'
A; 43%
F-A
2.5%)—1999
A 6s external sink fund
gold——1968
.
J-D
Sep JL. 1946) .due—,
48
45
.41
SI1
*44
43%
F-A
Rio Graiide do Sul (State of)-—
A 88 extl loan of 1921—
^——1948
reduced
M
A M-S AA0UQ;Ay
(intvftt 1%%
1946)
Bell Telephone of Pg 5s series
Beneficial Indus Loan 2%8
pursuant to Plan A
(Int reduced to 2%)—-2012
(Int
45
43 Va
£
49
A-O
AExternal
Stamped pursuant to Plan A
Dec. 1
to
Boston & Maine 1st 5s A C—
8s——1948
Stamped pursuant to Plan A
Stamped
,
24
42
42
■
Janeiro
~2
',0
M-N
Beech Creek Extension 1st 3%S-—1951
;•
WM
47
*43
de
66
"104% 107
109% 110
115% 116%
131%
124
136% 137%
126%
24
35%
43
:>('■
■
AA
*45
-
108
to
Con ref 4s——v.-
32%
25%
A-JJA
-r-
1968
—
,
Toledo Cln Dlv ref 4s A.
23
19 Vs
t
5
22%
*18%
*45
2001
AExternal loan 7%s—
104
i 105,
4
126% 126%
137%
J-D
:
,
'
19%
26
:
J-D
——
Alegre (City of) 8s.
Stamped pursuant to Plan A
'■■•A
;
*25
J-J
-
23
19%
A-O
—
A Porto
90
100
;
—1966
RR—»
8angor ft Aroostook RR-^*
.-vAAJ A'-.';
Ui; 28
A-O
AiVss assented
,--1968
AExternal sink fund gold 8S——1950
A4%s assented—
1963
t
30%
24%
A-O
—
:"'f
.
33
.
24%
1958
,
46
39
;
%
A-O
1947
-
i 7s—
s
L,
44
J-D
..1961
gold 6s.*—.*.1940
A4%s assented
^Stabilization loan
jf
'
iqsq
2d ser
~21
;/•"
C- Ref ft gen ser.F
99% 100
:AA3
A-V--:-V
-
102
101%
~
99% 100
Af-3
t 6s 1st oer-—1960
s
Refining 2%s debs*
Ref ft gen ser C
^
(Rep of) external 7s
ANat loan extl
;
105%;;:
105%
-
H \Ref ft.gen serJD (int At 1% to
*101%
M- N
'■■MS
Stamped pursuant to Plan A
{APoland
107%
92%
'0•A A: 7:^^-
AA
_
It
103%
M-N
J-D
sec
to
Ry—
A .........19S4
Ref ft gen ser A (int at 1%
Dec 1 1946) due_—
: 107%
99%
—
^
107%
>
101;
6
*102%
r
*—102%
J-D
A-O
reduced
f
A-O
Nov
1st mtge gold Ai—
?—July 1948
Stamped-modified bonds—
;
w.
vlst mtge gold (int at 4% to • ' *.!
Oct 1 1946). due———July 1948
103%
•.
102 Va
i.
2
'4
101% 102
101 Vb 102 Va
-1955
i
Ltne
Air
unified *4'/as
Baltimore ft Ohio
F-A
A-O
-1970
(Int
105
96%
B
1957
f5s_.
A Peru
VA
—
1958
(City) sink fund 4%s—.—
Ext
105%
M-N
*125
M-N
*95
42%
J-D
Atlantic.
i.
.
Charlotte
&
46
(Kingdom; of) 4%s_
s
1595
*,
Atlantic Si Danville Ry 1st 4s—-—-1948.
v Second, mortgage
4s.—:—..1948
44
•_
Municipal Bsnk extl
Oslo
105%
.
'
1st mortgage 3%s_.—1963
Atlantic Coast 1st'cons 4s.
.July 1952
"40
—
5s
External sink -fund 4Vis.
4s sink fund extl loan—..
:
Atlanta
(State)
I 5s
s
107%
107%
103
23
105 V< 105%
•
lOlVa 102
■:>U'SAA
Adjustment gold 4s__„July 1 1995
,
,
1
■/'
•
t
.1952
7s—,
(City)
154
103
103V4
13
A:'.
;
;
Stamped 4s—J..———July 1 1995
Atl Knox & Nor ISr gold 6s—
-1945
^
2.125% )—-2008,
I 6%s—. -———1959
s
A6s series A
External
15
r
,
"44
M-S
143%
56
68
104% 105
:;Q-J
"
lass
.
——1995
'
__
•18%
Stamped pursuant to Plan A
(Int reduced to 2.125%)_ -.2008
New Soutn
16
m
a
15%
11%
18%
14%
18%
14 %
13%
10%
-1959
reduced
A Montevideo
.
*
12%
25
A
10%
f
151
.
Co
Atchison Topeka & Santa-Fe—
General
Stamped pursuant to Plan A
ASec external
■
r
High
(State)—
A See external s 1
(Int
Low
13
.10%
10%
104
107%. 1101
87
104'A 104%
105%
■
A Jan
(111)—
1st mtge 3 Vis series E^.——1-..1964
&
:■■? General 4s_„—i
"12%
4s ol 1904 .—--.--,-—1954
to Nov. 5, 1942, agree
AAssented
I
Range Since
January 1
Sold
No.
High -A
Armour
'■
f '■
Mexico—(Continued)—
A Assenting
v
•
Bonds
;
Bid Si Asaed
Low
Nitrate deb—----196«.
Ann Arbor 1st gold 4s
Week's Range
Period
York
New
100%
104% 105
i A"° 7
■
A Anglo-Chilean
Friday
105
114 A 116%
'
debentures
3s
>
Bell Teletype—NY 1-310
BONDS
102%
100
&& 4
151% 152% V A;
v
104 %
:
100
4
108% 109 %
104%
i;r
:
—
104%
A-O
deb
;
152
A-O
Tobacco Co
100
108%
F-A
1975
102%
*103%
A;
M-S
1980
debentures
;
116% 116%
M-S
Telephone St Telegraph Co.—
debentures—
—.1956
conv
dmer
New York 6
>
Telephone—DIgby 4-4933
2030
2%
-
,
A-O
2%s debentures————^
;
'
.
West 1st gtd 4s——-wl99b.
& Foreign Pow deb 5s——.
Am
100
:.A A-O. A,'
Albany & Susquehanna RR 4%s__1975
Alleghany Si
100
A-O
Sold
No.
High
100
A-O
warrants assented__._._1948
With
-6s
Range Since
January 1 A
Low
High
Bonds
Bid ft Asked
Low
,146% 146%
23
144
151%
106 V4
13
105
107 V*
105% 105 Va
9
106
.
106
105%
*100
—
—
132%
132% 132% A
*120
—
104% 107%
—'
135%
.Volume 16?
THE COMMERCIAL
Number 4489
LAICNANIF&
CHEONICLE
NEW YORK BOND RECORD
BONDS
New
York
Stock
—/X
Interest
,
Week's Range
or Friday's
Bid & Asked
Last
.
Sale Price
Feriod
Range Since
Bonds
A Gen
;;
,: j
16%
ihtge ino
13174
121-
124
115
4
M> N
J-J
Chlcagiy Rid & Sou 50-year 4V.w-jsi.f950
Chic MilW st Paul k pac RR—*
6
23
118
,
307a
1077a
'Gen? mtge 4%s Inc ser- A- Jan 1 2019
conv ino-ser B—-iwJan 1 2044*
Chicago & North Western Ry— XX-.X'
'7
2nd mtge conV inc 4%s—Jah 1 1999
,1st mtge 3s ser1 B___„-w__w-—w-1989/
IfAChicagb Railways
1st
5s stpd
■
.Apr
99
-Apr
85 V2
■/
.
1057/a
Income
'
233
106%
67s/s
','71
■"
A-Q
61%-
v
U-S
I-
J-J
991/2
3974
Cincinnati• Union'
J-J ,;
J-J
...
1007a
103
105
100
513'
,
'i-
8
25
'
;
-
M-N
.
—
—
*:i
.
/;105
5
;
:
1
—/■61%/61%;
•'
F-A
V General gold 4k—■loot"
J-D
'
General 5s series B————1993
107
>
J- •'
U-N
gold 4s-—1990
f—;
—1970
10374 10374
ft Pittsburgh RR—•
ii-N
1949
807a
J-D
-Zw
*54
>J
»ii4
■;
-4
■
116
J-D
*102'/a
118
1027a
105%
34
12074
12274
—
J-J
J-J
140
2
1367a
130% 130'A
108% 108%
19
1277a
104 '/a
38
104% 10474
9
120 to- 1207a
120 V*
J-J
J-J
J-J
*75
1
M-N
State* UtU 3%a series-D_w„-i969
1037a
1057a
1027a
26-
A-O
10874 10874
^
1
TS—/
103'
1087a
•60
Hocking Valley Ry 1st 4%s_
—1999
IIAHousatonic Ry cons gold 5s__1937
1117a 121
— 98%- 987a
Household Finance Corp 23As__
Hudson Coal 1st S f 5s series A!
100
89
1107a
1057c
J-D
Co Gas
A-O
*113
115
150 ,
104%
10074 10474
1407a
"i
ww
1007c
84'
84% !
85%
8474"
•
•112%
M-N
1127a
A AdJ income as
::V
A—/vJ14%/116%
>
/
13
niihois
1081; 110
105% 108%
51
'4
105 »/4
105
f
w»h 1957
^0% 84%
102Va 104%
— 106% 106%
—,:v: 1091% 111%
Jf-N
41
Columbia Gas & Elec deb 5s_.——1961
J-J
23
Columbus-& H V
A-O
(stamped modified T'_——1980
extl gold 48wwl948
Columbus & Sou Ohio El^'3%Y-—.—1970.'
M-S
Columbus- & Tol
F-A
extl 4s___—1955
Commonwealth Sdison Cd^->
" /.*. T
1st mtge 3s series L_w_—www—1977
Conn Ry St L 1st St ret 4 %s—www—1951
116
118
•
108% 110
F-A
ill
"J-J
Conn River Power s f 3%s A——1961
A
■
:
-
737a
747a
,3878
74%
A-O
39'/a,
1
111
;
105%?i 106%
F-A
—•-.A
'^Vf#■**'$ -'<•
-
106
J-J
-1965
104% 105%
A-O
'?>
Consolidated Edison of New York—;
.-v
1 '■
103
104%'
101% 101%
101%
102 % 103
:
1017s
J-J
105 X 105
/
104%
J-J
*„
66
61
:
1951
.
i..—1951
debentures——.
—-.*.1956'
debentures—ww-wwww-1958.•
60
60
60
1
76
60 '/
60
A-O
Extended 1st gold 3%&.——.*.1951
; 111st gold^ 3s sterllng-w_iwwwlww-wwl951!
'
Collateral trutt gold 4k-w—-i-.—:i952i
Refunding 4s.—^
,«www—w—1955
v Purchased
lines 3 % s. jww—w---w 1952
//Collateral trust gold
iort
*
Refunding 5s_^
—_iw—1955
:lr.. 40-yeat 4748—
1960 /
1
Cairo Bridge gold 4s—w—
—1950(
\
Lltohfiejd Div 1st gold:3s_.
-_1951
'
Louisville Div « Term gold.3%s-l953>. Omaha Div ISt gold 3s_———1951
8t. Louis Div ft-Term gold 3S-—1951
;1
Gold 3%s
Springfield Div 1st gold 3
-
——
•
Western Lines 1st
,.i04% 1087.
; -/3-'
i
M-S
,•••
A-O
M-N
*66
.105
J-J
10s
;
92%
107
106
1007a
52
1057a
1047a
100%
97
6
917a
130
93%
*105'%""
J-J
*102'/a— /•/•
105'A* 1057a
—
:
1027a 1027a
*102
103
102'
31
10
:
J-D
.T-J
103
15
10174
v
101:
1027a
•
1027a
104
A Debenture 4sw——ww—-*1955'
4s;
,_w—ww-wwlSR"'
A Debenture
"J-J
1st mtge 2ysS—1975
60
US,
J-J
104% "104%
J-D
1023A 102%
tACuba Northern Ry 1st 5 %$——1942
f-D
*59
ACuba RR
106
gold
1057a 106%
—
1057a
3S
82
82
86
43'A'
4874
49'A
53'A
48
52
"J-D
*4974
53
52
V— y-ku
-
50%
3
.
44%
-
?
96
7a
1
102
J-D
Deere & Co 2%s debs_—Iw—
1965
Delaware & Hudson 4s extended_*wl963
.
Delaware; Lack & West RR Co-**
N Y, Lack &' Western diV
*1037a '
-
it-O
A 1st
'
V
10174
;
•
•
/
103 ;
15
,
6s series A———.
827k
—1952
453/a
*
104
.15
101% 1037a
,
54'A
767a
92
98%
777*
83%
Paper 5s series A St B—1947
*10774
92
997*
103%
1057k 108%
103
—
100
*103"
1007a 10174
1007a
1037a
10574
1057a 10574
105
106%
1037a
103% 1037a
4%s—1952
Debentures 5sL——...
106%
102
1027a 1027a
101% 107%
/ 18
•
447a
78%
A 1st
Int Ryg. cent Affler 1st 5s
Int Teiep & Teleg deb gold
107%
J:'; -a.-*-;
.
104 3A '
A104
M-N
—
I
117
106% 107%
gold 5s series C—w—w-—-1950
fAinternat Hydro El deb 6s__i„_ 1944
10574 10574
104%
35
•
Ref sink fund 6s series
A-O
•
100
96 7t
1067a
1057a 106
927c
19
957a
105%
fcA Adjustment 6s series A-.LJMy 1952
A 1st 5s BerieS' B__
L_ww—-1958
>
Internat
Daytoft' PK& Lt 1st mtge 2%Sw—.1975
Dayton Urtion R/ 3y43 series BW-WI965"
132
98
97
D—_w——-1963
1037a
tlnterhational Great Northertt
v.f:
*
ser
lAlnd St Louisville 1st gtd 4s_
1956
Indianapolis UnlOb Ry 3%b ser B-1986
Inland. Steel 1st mtge 3s series F—1961
59%
r*
82
■■■•
*4978
4ff
191
7a 10174
Illinois Terminal Ry 4s ser A--1970
ind 111 k Iowa 1st gold 4s__——1950
104
57%
*42
A6s ser B deposit rct^_____w—wl946,-;
1023A
'46i
50
J-D
f
s
'
V
1057a
997a
'
1057a 108
•
'1st A ref 4 %s'series
10274 106
,
63
v
49%
A Deposit receipts—
,A7%s ser A deposit rets———1946
108%
1st ref fhtge
Continental Baking 3s '.debs———1965
Crucible Steel 3%s s f debq—
—1958
receipts——www-ww-—
1st 5s gold———1952
75
104%
106% 10674
Registered
HI Cent and Chic St L
1
Joint 1st ref 5s series
1027a
100
103
102%
1067c
-L..:
'
Ry non-conv deb 4sw-wwl954
1027a
10
"
.
106'A 106'A
.
'*
108
*-•
1037a: 104 7^
*' 108
1077a
i 6374
10374
36
1047a 106
103%
1047a
1047«
•*'.
1057a
.105
106
M-N
•'/w_
:
1057a
104%
1047.
:""" /'
' —i'
106 %r 107%; '
106'/a
M-N
F-A
1057a
*104 Xt&ii
*104: •
A-O
—
106%
106 % ^
*107 7a
J-J
J-J
;#
76
J-J
A-O
—www—w-i-i948/:
"
~
4
1st gold 4s—L-w
1st gold 3 %s_L_—
'
Deposit
8074
39%
.
iell Telep" 2748 sdrteg A—19811
aiinoik Central RR—
108%
.
,
A
113%
7274
—
■
F-A
"
107%
105"
-Consolidated Cigar Corp 3%s_.
'
101'a 101%;
102
102 7a-
.
J-J
1970
1962
1st gold 5S__—1949
Hudson k .Manhattan 1st 5s A
1957
Hudson
937a
.
*148%
■J-J'"'"
M-N
-
A-O
Power
_
1774
1047/s
1067/rf
10474
104
1107a
w~,
*105
1st 8 f 4% 8 861168 C—-w-.w——w-1977'
"Colorado & Southern Ry;—^
V
Consumers
107
13
3
104'Ve 104%
103'% 104
1037a
103%
107
1047a
*1067/a
J-J
ls^ & ref 3%s series D———W—1969
104
~2
13
-w
14074
1347a
1087a 110%
79
Feb
A-O
Gulf
140
-
104
104'A
104'/a
Feb
ctfs .B_——i.w—w-w"—
J-J
:
•lor-
M-N
-F-A
;
y;
89
64
;
—
105 %
103%
M-N
.;
82%
58
85%
84%
J-J
11374
f 159// —92%
94%
92%
105% 105%
lAConsol
90
88 '/a
1087a
103% 107%
;. 89% 891/2
*110 »/a —/z
,
108
3%a- debentures—
104
*105'/a 107'%
M-S
Greyhound" Corp 3s debs—w.w-1959
j
//I®
llB
115
A-O
3%8
80
'
10374 107%
;
112
A-O
3 %s
104
82%
8078
81
8078
Gulf Mobile' k Ohio 4s series B—w-1975
Gen mtge inc .5s series A—
w_2015
-
j
Cleve Union Term gtd 5%s———1972:,
lst 8 f 59 series B gt<L——wwo—1973
1st
M-S
/„
61%
100
~7
V *;
r
;
100
81
807s
J-D
1974
■
J-J
Series C 3%Sr. gtdw—ww—wl948
1st
_'_1959
■-,>
.-
—
131
*—
J-J
A Debentures
617a
88
31
*130
92%
>1
J-J
J-J
*
.■Series D 3%S gtd———w——«wl950
Cleve Short Line 1st gtd 4%A..-—.196Y
4%s
1067a
*95%
Gen mtge 3%s "feer
.;
:
1047a
105
J-J
—
N
w--—-1990;
Gdn mtge 3'As ser
O—w—w-w-2000
AGreen Bay & W6st deb otfs aL
:
567a
*
'89
■
*113"%' '—'
105% 105%
__
J-D
Ref & impt 4%s series E———1977
Cin Wab k M Div 1st 4s
-1991
3s
—
105'/a
M-N
5s—-^.943
*
1087a
"; 567a
;
,19,
105'A 105%
A-0
F-A
filum
debw—s—1961
General 4%s series E———-1977
f;
:/»;
0110% 112%.
62%
*61%
A-O
1047a
:
10
105% 105%
A-0
mtge1 gtd 3%s series ELw.w-w.i969
Cleveland
10674
General 5%s series B————1952
1087a
107
12
105% 106
112
,
US
•
1st mtge- 2%s ser 'G—w—w—wwl974
Cleve Cin Chic ft. St Louis Ry-w--
;
10674
General Bs series C——
—1973
General 4%s series D-w-ww—-1976
106% 107%
967a 100-
2
112
•
"Cleveland" Elec
101% 106
■—
X
Terminal—*
St L Div 1st coll tr
3s
Goodrich (B F) Go. 1st
mtge 2748.1965
Grays Point Terfif 1st gtd
L....... 1947
Great Northern Ry Co—
109
108 % 108%
J-J
Cine Gas & Elec lst mtge 2%s——1975
.
103'A
*—102
*10578
M-S
-
81
1057a
991/2
99
,
..
28-
6
107% 107%-
'•
ft
8
104% 105
J-J
7274
65
,
,/ 215":/
103
103
3-D
^.1994
554
/ 200
66%
A 32%v 35'/si'
109 /109%
J-D
lADebentures
•
106
101 % 101%
J-J
M-S
General Realty & Utilities
Corp—
A4s coriV inc debs—w_____—1969
lAGbotgia "& Ala Ry 5s——Oct 11945
v, > Certificates of deposit-wwwww-wwwww
.•
|§AGa' Caro & Nor 1st ekt 68——1934 ^
Certificates of deposit-—
_w
927a
597a
$
63.74
65
.
8874'
V7t,:*Aiw5"V-''
102
7-D
5s part paid—-w-1957
*A Choctaw Ok k Gulf coua
5s_——1952
A Rub
cent & Peninsular
Gad St Elec of Bferg Co cobs* 5s
'
87% 106%
114'
90%
90
■M-N
tJAChilds Co deb 5s part paid——1943
y 1st
1067a
101
107
667a
•
;
,
108'A
101
98%
907a
16
•
Diy 1st gold 43—w-www-195l >
2%-4%8
92%
*__
—jw—ww——1951
1st mtge 27/as ser G ———1963
Chic k West Indiana com 4s——1932
•/, 1st & ref 4y*s series D-—-W—.1962
■.
102
93'A
10474
102.
*104
J-J
Francisco Sugar coll trust
6s_—_w_195fl
1077a
8074
967a
325'/
81%- 85%
*65%
J-J
1st mtge 37es series P--———1963
;
1007a
94%
93
A-O*
deposit--—--;
/Chicago Union Station—
v
124%
„
*—101
"
Chicago Terre Haute & S'eastern Ry *
j 1st & ref M 274-4'Asi.
——1994
«•••
High
11774 12774
1247k
124% 125
J-J
ser
A 1st & ref 5s
series A.
A Certificates of
957a
149
105% 106'A
J-J
F-A
.
Memphis
2015
ser
mtge 3'As
Certificates of deposit——
IFloridar East Coast 1st 4%sj
,
redemption-———1927
3%s—w_.
•
;
Z
99
90%
Apr
-----
Gold
28—
•
—Chicago Rock Island & Pacifio Ry~
— A General 4s w-—w—ww_w~.--19.88
A Certificates of deposit-;
X iARefunding gold
4s—'www—aww-1934
i ^
IA Secured 4 %s series A—_—ww l952
ACont gold 4%8
—L—w-_ww—1960
Chicago St L & Now Orleans 5si—1951 t
,
9774
■
.
•
mtge; 3%s
cons,
lAFiorjda
HQ
105
__
/105% 105%
105 7a
J-J
:4%s
25%» partial
cons
Firestohe Tire
267a
23..
'
*110'A
J-J
1st mtgfe 4s ser A—-wl994-
»
Low
12574
20.:
91:
20-21%
23
,
X
•
January 1
1327a
106
100
18
115
J -J
,
1st k gen 5s series A__-_-w_-i_1960
A 1st &
gen 6s series B—May 1966
'
Range Since
Sold
No.
High
*112
J-J
E-w—
1964
F_n—1990
1st
coi)(s..mtga^yes ser G--i—>.—2000
1st cons 2s ser
H——w——.1953
/ Ohio Div 1st mtge 3%8—w-197X
'
112
'
8
■•■••v.
131
J-J
a
:
Bonds
Friday's
Ss
—
.
1st
1st
99%
83
A-O
.L—1962
Geu mtge inc 4%s series A
;
88
104%
Louisvilie Ry*- ;
ARefund«ig 6s 'ser A—1947
A
Refunding gold 5s series B___1947
ARefunding 4s series Q-_1/847
Ind
or
Bid & Asked
A-O
—1965
.
Erie Railroad C0~~
...v
111
RR-*- ,
(convK—--*1
—_—_1965
5s stamped—w—...
Empire Gas St Fuel 3%s
106%
AGeri iric mtgte..47as_-i___Jan 1
fCHlcago
El-Paso & S W 1st 5s
119%
ser B
wi-w—1985
Chicago st Erie 1st gold 5s_- •—twww'1
Chicago Gt West 1st 4s seriep.A—
,
Last
' Sale Price
Low
119%
1st mtge 3%s
v-
Week's Range
Friday
Interest
Period
11774
4a__—_——-ww—,„w-1958
B—ww..*«-.1977
lilt & rfef mtge'37aSw-w.
1st & ref mtge 27/a
Chicago & Eastern
New
64%
1st ktfft 4%a' aeries
>
.
PONDS
York Stock Exchange
High
>fA Chicagd & Alton RR ref 3s
__1849
ftnbttgo isumngtoju & Quincy RR-:
General*
;
January 1
Sold
Low
f
ENDING MAY 10
'
Friday
Exchange;
Wfifei
FOlt
RANGE
'
-
■
v. t
.
:
-
'
1st &
ref NT 5s
Income
'
Morris
&
G-——w-f973
ser
mtge due__——ww—1993
Essex
M-N /;
:; m-n
100
;
.
Coll tr
4-6S—_—_——/_May 12042
•Delaware Power* & Light 3s
-1973
Grande
A-O
7
.
587a
22
::
v 6774
109% 109%
;
•
99% 104
57 ; ;.
^
67%
42
"65
109
99% 101%V
JAmSs Frtmkl ft Clear 1st
Jones U Laughlin. Steel
737<
3
66
67
,
iDenver &> Rio
100%
577a
division
3V«Sw—1961
98'
10274
1037a" 105 'A
1107a
liR—*
JAlst
•
consol 4s
|AConsol
"
———w—1936
gold-, 4 %s——ww—ww—1930
3-3
••;-
:
637a
65
J-J
■
64
11I
65.
: 64
64
■
tDenver & Rio Grande Western RR—
—
4
:
61%; 7974
'64
80 *
■
A General s f 5s
.
A Absented
ww—
F-A-
1955
-F-A
a—
;
ARef & impt 5s series Bw-—w—1978
25
25
A-O
23
23
2574
15%
29%
276
1474
29%
50
59%
76"
25
25
4
*
59%
60
\
607a
.—1965
Gen & ref mtge 3%s series G-w-1966
Gen &' ref 3s series H
t-1970
Detroit & Mackinac 1st lien gold 4s 1995
A-O
M-S
J-D
1067a 1067a
'•
J-D
:
*68
•
109
106%
109
12
71
106%
3
109 7a 1097a
•
"
"
A Second
17
/
10674 10674
v-.
10774
110%
'i.—
63%
75
gold 4s
.—1995
Detroit Term & Tunnel 4%s——wl961
DM Miss Si Iron Range Ry 3%s
1962
J-D
18ADU Sou Shore k Atl gold 5s—1937
Pu (mesne Light 1st M 3%s__.
..196S
J-J
East' Tenn Va & Ga Div 1st 5s:
1956
M-N
*120
Ed El 111 (NY)
1995
J-J
*155
1950
J-D
*102%
102%
1027a
Af-S
*105% 1067a
105%
106%
1st cons gold 5s
Electric AUto-Lite 2'As debs
:Elgin Juliet & East.Ry 3'/4S_
For
footnote see
page
2605.
.1970
M-N
5074
——
A-O
J-J
10
51
47
1057a
47
•
City Fort
{ARefunding gtd 4s—
ACertificates of deposit-i—_L
Kansas City Southern Ry 1st 38— .1950
A-O
.1975
A-O
;
1057a 106
•
14
40
"v
__
107'/a
104%
106
120'A
107 7a'107%
w.
*82
*105
A-O
J-J
.1961
•111 7a
J-J
*
Kings Courity E1L ft F 6s-w—— .1997
A-O
*182
1964
A-O
*
.1959
M-S
4%s
unguaranteed
Koppers Co 1st mtge 3s.
tAKreuger ft Toll 5s ctfe
w—.
106 7B
—
72
1087a
1087a
182
188
1047a
107
„
—
—
1047a 1057a
47a
10774
122
65J/a
1087a 1087a
V-J
.1961
1047/a
—
757a
*71
10474
122
—
*1207a
:
837c
1077c
103
10374 103 %
1037a
857a
807*
1057a
83
1077a
107
*J-J
J-J
81
837a
83
A-O
47a
47s
57a
121 Va
157
-
1974
2%s
Kentucky CentrSL gold 48—-!—. ,19871961
Kentucky ft Ind Term 4%s—
.1961
stamped —w——
51%
120'A
1st mtge 4s ser. A
Kansas City Terminal Ry
t
47%
__
457a
117
10574
1
1197411974
*106 7a 107%
<
Kansas
.
Detroit Edison 49 series P!
*108%—
Kanawha ft Mich
157
Lake Sh ft Mich Sou gold 3%s—-1997
37as registered
——1997
*109
*107
1147a
1157a
11574
Monday, May 13, 1946
V,
V \>s,
COMMERCIAL & FINANCIAL CHRONICLE
THE
NEW YORK BOND RECORD
RANGE FOR WEEK
ENDING MAY 10
York
New
Stock
Exchange
Period"
Lautaru Nitrate Co Ltd—
A 1st
Lehigh Coal & Navigation Co.—
S P mtge 3fts ser A
1970
j
1954
fund 5s
•;/
stampede
5s
1974
stamped
yy
*98%
>94ft
■
i
-
J- —
-i-
.,
96 ft
95%
K■•.'pj.
•
Leh Val Harbor Term gtd 5s
1954
F-A
Valley N Y 4fte ext
Lehigh Valley RR—
4s stamped modified
4s registered
4fts stamped modified
4fts registered
1950
J-J
Lehigh
68
stamped modified
deb
4s
deb
66 ft
90
92
90
119
119
'"y-v.: /
trnmm'
'*
*118
Jf-S
104%
*104% 105%
—
A-O
106 ft
107%
105
100%
101% 102'/a
62ft
78
64
38
62 ft
78
62
47
60
75 v/'
68%
73
■;
128
73
*105%
*116ft 118
84
56
S 34%
66%
69ft
68
108% 108%
7
,
86 y4
90 ft
IO51/2
26
96
RR 4fts
Central
Maine
71
591/8
135% 143
138 ft 143%
—
132
133 ft
119
118
127%
116
115% 122%
•131ft
118
*110
—
110
Ref
108ft109
108
108%
107
112
107 ft
112
103% 104%
103 ft 106 ft
116 ft 119 "■
Ref
ser
A........2047
& impt 5s series C
2047
& impt 5s series D
2047
trust 4fts.._
^....^*1975
*103
2%s............~...1974
1975
(Wise) 1st mtge 3fts
...,1964
'
1st mtge
*107,
101
87%
96
75
75 35;'
108ft
101% 103ft
26%
28 ft
*100%
JOgdensburg St Lake Champlain
A 1st guaranteed
4s
Ohio Edison 1st mtge 3s
1st
—
»107ft 108
104ft
110
110
87%
4fts inc ser A__Jan 1971
A 1st mtge
Missouri-Kansas-Texas RR—
Prior lien 5s
1962
'
A Cum
Guaranteed stpd cons 5s
101%
96 ya
:
A 1st & ref 5s series a
AGeneral
,
205
92
169
37
192
91ft
91ft
102%
ref 5s series
1st gtd 3yas
Morris & Essex
Constr M 5s
series A
100
102 y4
102%
103 V*
67
1
60
67
77
,
.
74%
105 £2
83%
.
107 ft
Steel
104ft 105ft
104
104 ft
103
105%
103 ft
107 ft
110
..
1948
99%
103%
*102
1945
A Consol gtd 4s—.;
1945
New England Tel & Tel 5s A
1952
1st gtd 4 ft s series B
.—.1961
f ANew England RP. gtd 5s
.
97 ft
103
*100
N J Junctior
RR gtd 1st
4s
P & L 1st mtge 3s
New Orleans Great Nor 53 a
O & N E 1st ref & imp AVaa
N
New Orleans Term 1st gtd 4s
a
of
ACertificates
A 1st 5fts
..
Ref
&
&
5s
imot
series
104 ft
<102%
,96ft
r-A
89 ft H 92%
89 ft
A-O
90%
92%
90%
981/4
A-O
97 ft
98 ft
971/a
102%
J-J
J-J
*98
registered
1998
3fts
-
New
F-A
1998?
F-A
1998
F-A
87
95
90
90
97 ft
87ft
85
93%
89ft
86%
t
*85.
F-A
r
1141/8
1091/2
100
91ft
90
*_-•
1998
——1980 ;;:
;/
:
105%
J-D
105
99%
90
York Chicago & St Louis—
Ref mtge 3V4S ser E
103
1021/4
104 "ft
105ft
104%
47
-
139ft
135ft
133
5
11
125y2
125ft 135ft
106
111%
106%
12
105% 105%
7
3
85
87
65
y
105% 107%
104% 106 ft
85
7
*106
1
94
63
9
63
83
107ft
104 ft 105%
106
'
104ft 104%
121
,
*141% 143%
137
142
*135
..
131
135
105%
108 ft
104ft
108
:
.
136
106% 106%
106%
*105%
"
*105 ft 105%
104 V*
104 ft 104 ft
ft'
.
107
26
,
.17% .21
103ft 105ft
22
.*17
104
18
22 ft
21
debs—..1964
107
104%
105
105
..
deposit
Pittsburgh Cine Chi A St Louis—
Series E 3y2S gtd gold_^
Series F 4s guaranteed gold
Series G 4s
,
107
102ft 105
1997
of
122 ft
42
'
126ft 127ft
gold 4fts series C
•
95 ft
Mich Cent coll gold 3V2S
i
.r
101%
94%
,.1997
3fts
B—.——1974
1977
Philadelphia Co coll tr 4%s
1961
Phila Electric 1st & ref 2%s
1971
1st & ref M 2%s—;—
1967
1st and ref 2%s
1974
tSAPhilippine fly 1st s f 4s
1937
5s series
127
72
126ft 129
106
106%
131%
128%
105
.
2
134ft
133
1968
105% 107
3
1122 ft 123%
1965
General
106
,
guaranteed
1949
1953
..1957
guaranteed 4s—1960
^ Series I cons 4V2SL.
—b——1963
:6 Series J cons guaranteed iVfes—1964
Series H
cons
Gen mtge
2013
C
Cent Si Hud River 3yas
Y
103
95%
registered
Lake Shore coll gold 3 ft3...
3 '/as registered
N
100
94%
*„
104% 1071/4
105%
,104.
3
128 ft 129
—
Phillips Petroleum 2%s
101ft 102ft
2013
impt 4fts series A
86
98
/
102 ft 103%
103%
89 ft
94%
deb
ACertificates
97
96
.1954
mtge
Gen mtge
88
94%
N Y Central RR 4s series A—1998
Ref
111%
94%
deposit
43
,105% 105%
D—.^u«198l
4Vis series E
1984
3yts.
————1952
3 Ye s ser F——
1985
General
96
..1956
series A
'
92 y4
...1956 ;:
A Certificates of deposit
-j\.
y*
of
108%
84 ft
of deposit—....
A 1st 4fts series D-^.
108
83
deposit—........
series C.—
5s
Certificates
110
107 ft
;V 8ANon-cum inc 5s series A
1939
ACertificates of deposit
•.
—..—1834 '•
ACertificates
114%
105%
'.-'A 1st 5s series B_.
A 1st
103%
107ft
jtNew Orleans Tej as St Mexico Ry—
'
"2
47
/:105.^J05%S*%f
fund 4 fts.———1960
AIncome 4s—
127 ft
118
107%
125%
111% 113%
..
1041A105
.—Apr 1990
Peoria & Pekin Union Ry 5fts
1974
Pere Marquette Ry 3%s ser D
1980
Phila Bait & Wash 1st gold 4s—
105ft
118
;
111
111
1041/4 105 ft
Peoples Gas L A C ref 5s.——1947
Peoria & Eastern 4s ext
I960
111
111%
111
127ft 127ft
1986
1974
1883
1952
1953
New Jersey
Conv
*
125%
—
:
lp7%
.
Ill
49
103% 103%
106 ft
*106
1954
....
;
—
104% 104%
106 ft
103%
103% 104 ft
.1965
3s
1st mtge
fANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s
: y
.
115% 116%
*113%
111
107
104ft
18
*110%..
|. Consol gold 4s—1.-—.—.1.1948.
|
4s sterl stpd dollar——.May 11948
:
>
Gen
National
r
..
General 4%s series
National Dairy Products 2%s debs_l97o
71
105% 105 ft
1st mtge 3s—.1975
3s s f debentures..——...1965
^'Pennsylvania RR— •
\ .,-j '■ 1
Cons sinking
..1978
109%
107V4 110ft
107 ft 110%
107% 111%
20
109
;
General 5s series B
series A
109%
19
J
'•vv^ General 4y2S series A
Nash Chatt St St L 4s
109%
106 Va
1
108
*107% 109
ref mtge 3s ser N
Pennsylvania Glass Sand 3fts——I960
.Pennsylvania Power & Light Co.—
"89%
71*
,34
t
Mu
f 1
107
*..•
;
62
68
•
:p;
78%
^71 / 72ft
105 A 105 A
77
1947
Mutual Fuel Gas 1st gtd 5s
1
7
106 % 106%
1955
1968
4fts series B
M
Mountain States T & T 3^18
106
102% 102%
102"% 103
1958
..2000
...1955
Morrell (John) & Co 3s debs
106%
-
100%
108 ft
1081/8 1081/2
3 V2 s conv inc debs———.—I960
Pennsylvania Co—
Gtd 4s series E trust ctfa1959
94
89
3
90%
90%
100
5
107% 108%
1974
M———1979
1977
Pacific Tel & Tel 2 %s debs
..1985
Paducah Si 111 1st s f gold 4fts
1955
Paterson A Passaic G St E cons 58.1949
Pennsylvania-Central Airlines—
1st &
103
398
108
1st St ret M 3s series
103
103
46%
Moh'k & Malone 1st gtd gold 4a^._1991
Monongahela Ry 3y»s series B
1960
Montreal Tramways 5s ext
1951
Constr
;9ift
3
100
108% 108%
I
1st St ref Mi 3s series L
64%
51ft
228
1949
1980
AConv
A 1st &
226
1978
A 1st & ref 5s series G
gold 5Vas
A 1st & ref gold 5s series H
£:
low*
1975
1977
102ft
93
23
_
4s
& ref 5s series F
A 1st
100
1966
ref mtge 3s series J
1970
ref, M 3s series K—1971
1st & ref mtge 3fts series
114%
103 ft
1st &
.
100 ft
/105ft 105%
Paelflo Coast Co 1st gold 5s .—1946
Pacific Gas St Electric Co—
*/
98%
92
1st &
IMlssourl, Pacific RR Co—
,
101%
101%
104% 107 ft
100ft
100ft 100 ft
101
89
61
101ft 105ft
100
101
100
100ft 100ft
84
''
96
"4
qo
103 ft 105%
105%
adjust 5s series A„_Jan 1967
97 ft
:.
95 ft
41
98ft
qo
qo
1978
D
97ft
*97%
97ft
1902
series A
40-year 4s series B
Prior lien 4fts series
// 73'
153
104ft
.
100
1946
1946
gold 4s
Line 1st cons gold 5s
106ft
101ft
64
mtge 4s inc ser A_._.Jan 1991
1st 4s
1990
Mo Kansas & Texas
104-
106
1946
1
30
108%
101ft
*102
1975
Ore Short
22
106
23%
2%s....«i^..2i«i,i_^.1975
mtge.
Oregon RR & Nav con
27
25ft
"106% 108 ft
1974
Oklahoma Gas & Electric 2%s
104
*83%
Ry—
1948
Oregon-Washington RR 3s ser A—1960
A Gen
..
105%
Minn St Paul ASault Ste Marie—
...
28
--
89%
102ft
82
85%
84 ft
102% 105ft
102% 106 ft
106 ft 108%
—
104%
104
1st mtge 2%s
85 ft
J-D
1960
A
;'.y
mtge &
90%
82
86
•—
94 ft
84 ft
87%
84%
105
»vr;; "--•a-">v
coll 4s ser B
1954
Manati Sugar 4s sink fund„Feb 11957
AManila RR (Southern Lines) 4s
1959
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew & Drain 5fts
1950
HA Met West Side El (Chic) 4s„1938
Michigan Central—
;
Jack Lans & Sag 3fts
1951
1st gold 3fts
1952
Ref & impt 4 ft s series C.......1979
Michigan Cons Gas 1st mtge 3y2S_1969
t§ A Midland of N J 1st ext 5S.....1940
1st
,
105ft 107 Va
Coll
•;/
49
109%
100% 103 ft
•
63ft"
140
*137 ft
.
100
32 ft
108
102% 103
'
321/4
96
42%
63•
75
42
26 ft
96%
42
140
M
64
39%
26%
ft
108% 109
.....1998
108%
;
42
*—
mtge 5s conv inc.
1071/4
104 ft
65
65
1937
84 Va
26
106
105
15 ft
106%
:*'r
«V.
*105% 106 ft
..1940
1943
1946
I960
11%
:
4
33
?£ 86 ft
26 ft
211/4
102%
11%
104 ft 104 %
lift
:
ft
108%: 111:
228
24
23
50 ft
81
66ft.
•
■
Northern States Power Co—
M
98
31
45
.85%
Ref St lmot 4fts series
105ft
102ft
Jf-S
Jf-N
*
52
43 ft
2014
gold 4s_1990
North Central gen & ref 5s
^.1974
Gen & ref 4fts series A__
1974
Northern Pacific Ry prior lien 4s__1997
4s registered
1997
:/ Gen lien ry & Id gold 3s
Jan 2047
3s regl stwrpd
.
,,
90*7
A Gen
110% 113ft
111ft 111ft
111ft
A-O
75 ft
63 ft
85
—1937
mtge 4fts series A
1st
•.
106 ft
102 §2
102 §1 102
M-S
75
591/2
70 ft
Norfolk & Western Ry 1st
104%
104% 105
104%
1969
Louisville Gas & EJec 3yas________i960
Louisville & Nashville RR—
1st & ref M 3%s series F
2003
1st & ref M 2%s ser G
2003
St Louis Div 2d gold 3s
1980
Atl Knox & Cine Div 4s
1951
77%
60
20
60
1963
Niagara Palls Power 3fts
Norfolk Southern Ry Co—
118ft 120
118% 118%
F-A
.1951
1963
61
1
61
63
1965
HAN Y West A Bost 1st 4fts
107 "ft
106 ft
106ft 106 ft
1st 5s series A
41
60
62%
1993
gtd 4s
IA General gold 5s
ATerminal 1st gold 6s
107%
106ft 107%
ft
106 ft-106
?;f
cons
|5AN Y Susq & W 1st ret 5s
|A2d gold 4fts
™....
107
Jf-S y.y/
Jf-S
'
:
73 ft
92
132ft 136ft
117ft 120ft
119
•
62%
1955
N Y Steam Corp
High
Low
60
;
Light 1st mtge 2%s_1975
El Lt & Pow 3fts
1st 3fts
N Y Queens
January 1
62
1947
1954
_______.___1955
4s
Range Since
Sold
NO,
High
60
1947
4s
N Y & Putnam 1st
83 ft
*132ft 136ft
A-O
M-N
69
62%
62ft
54 Va
65
60
52
58
|| 6.5%
Bonds
Friday's
or
Btyt & Asked
L010
>—,—.1956
ADebenture certificates 3fts
1950
AConv deb 6s_
„.._......_1948
S A Collateral trust gs
1940
ADebenture 4su„.—.
——„
1957
A 1st & ret 4Vis series of 1927—1907
tAHarlem River <3? Port Chester—
;J
1st 4s_.
1954
tAN Y Ont & West ref~4s "June" 1992
AGeneral
65
49%
50 ft
56%
A-O
1949
debentures
3s
50ft
51%
•
54 ft
58
A-O
1949
LorilJard (P) Co deb 5s
Louisiana & Ark
3fts
N Y Power <fc
54 y«
53
:
ft
88
*53
1962
stamped...*
4s
93
50 ft
'•
Jf-N
1951
Long Island unified 4s
Guaranteed ref gold 4s
;/
'
Jf-N
1965
gtd
Liggett & Myers Tobacco 5s
Little Miami gen 4s series A
i
•
87%
95
80
85 ft
92'A
v
"
5s_195i
Lehigh Valley Terminal Ry ext
Lex & Eastern 1st 50-yr 5s
83
-
-..541/4
N-N
2003
2003
2003
2003
.2003
•
85
■;
Sale Price
.
95
95
'
:> F-A
1974
1st & ref sink fund 5s_
5s
C/'Y-A//
___1964
1964
fund
V 1st St ret sink
3fts
deb
ANon-conv
101% 102 y
'v/;:
•
Btamped._..j.._..i..«.^..1954
£vC■ ®8
deb
ANon-conv
*101%
..
4s
ANon-conv
104% 107
11
deb
A Non-con v
ANon-conv
F-A
.
Last
Period
*N Y New Haven & Hartford RR—
76ft
66
8
105
105
•
Interest
Exchange
Stock
■
High
Low
No.
72
71%.
A-O
Lehigh Valley Coal Co—•
1st & ref sink
71ft
DeO
1975
mtge income reg
York
January 1
Sold
High.
Low
New
Range Since
Bonds
Last
"' or Friday's
Sale Price Bid A Asked.
Interest
Friday• v' Week's Range
BONDS
:
Week's Range
Friday
BONDS
5s series A_—
1970
series B
1975
/r Gen mtge 3%s ser E
1975
Pittsb Coke&Chera 1st mtge 3 ft s_ 1964
Pittsburgh Consolidation Coal—
v
3fts debentures
———-—1965
Pitts Steel 1st mtge 4fts
1950
1st mtge 4%i series B
1950
Pitts & W Va 1st 4y2s series A
1958
1st mtge 4fts series B_
1959
1st mtge 4ft8 series C
1960
Pitts Young A Ash 1st 4s ser A—1948
1st gen 5s series B
1962
1st gen 5s series C
1974
iSt 4fts series D
1977
-»Pittston Co 5ya Inc deb
1964
Potomac El Pwr 1st M 3 Vis
1966
> 1st mortgage 3y»s
1977
f A Providence Securities 4s
—1957
tAProvidence Terminal 4s.
1950
Public Service El A Gas 3%s
1908
1st & ref mtge 3s
—1972
1st A ref mtge 5s
2037
•'
Gen mtge 5s
*110
&
—'
*122'/4 124
Jf-N
i-V
*127 ft 130
F-A
137
137
A-O
A-O
J-D
J-D
100%
104 ft 104 ft
y
100ft lOl'A
*
99%
100
99% 100%
131ft
1381/4
134%
142
105 V'4
109
2
103%
104 ! ?
40
& 100%
*104%
■'
*126
J-D
102%
'40/
98'A
1021/4
48
98 ft
■
;
.
„
/
*117%
102%
105
105 ft
127
127
99
102
-
*127
J-D
106
105%
ft
98
14
//:__////''
F-A
104 ft
105 ft
103%
10
/,
iooya
,/v .100
123
11
105% 105%
-i
-
14
'
ft
103ft 104
v
J-D
A-O
i.
'!//:-1/'
2
103% 103%
M-N
A-O
/
T38.'.y:.;.Ni:-
105 ft 105
J-D
:
122%
127 ft .1341/4
126ft' 135 •">
■-*'
133
133
r"i
J-D
f
ft
123
131ft 131ft f /'
Jf-N
"It
"■ /-■117
124%
*121
F-A
J-J
106% 106%
•106
F-A
J-D
■
Y
Connecting RR 2%s ser B
Y
Dock
1st
N Y Edison
1st
lien
&
gold 4s
3y«s series D
ref 3fts
series
,—
E
N Y Gas El Lt H & Pow gold 5s
Purchase money gold 4s
N
Y
b
Harlem gold
3fts
Mtge 4s series A
Mtge 4s series B
N Y Lack & West 4s series A
4ft8 series B
i
1975
;
Por footnote see page 2605.
P-A
1965
A-O
i960
A-O
1948
2043
2043
1973
1973
J-J
—
106
.
107»/2 107»/2
u
115
—
—
>
■
*115
115
101ft
16
-■yy,;;y
2
1
104%
104%
105%
v
1061/8
103%
1031/a
y
6
l
,
109% 109%
F-A
Jf-N
;'
106
J-D
1949
2000
..
/>■"/;■ 7
103% 104
104
.
14
102% 103
104
1041/4
103
A-O
>951
N
N
107
109%
111%
107%
109
115
118ft
;
115%
1151/4
1
117
1191/4
110
90
__
J-J
J-J
—
F-A
Jf-N
Jf-S
*11 ')'■
*107
118
K-N
93
lf-N
103
118
92 ft
118
93 ft
96
J-J
109
109
J-J
164
164
v.
103
103
4
97%
103%
Oftll
J-D
250ft 251ft
113
45%
108
109
Jf-N
107
32
41%
110% 110%
105%
113
3
105%
-
J -J
5
99 ft 100
105 ft
,~
1
3
108 >
109
112%
108
110%
1
160
165
3
250
251ft
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4489
[Volume 163
NEW YORK BOND RECORD
RANGE
f'
N DS
'
r-
,
Friday
Interest
Exchange
Stock
York
New
Quaker Oats 2%s deb
MAY
10
Week's Range
Last
'
Low
No*
High
New
York
Stock
Exchange;
January 1
Low
High
Ref &
imp M 4s ser C_
2019
imp 2%s series D——1985
Ref &
Texas
Company 3s deb
debentures
3s
100% 101%
lOOVst
105 %
102% 104 Vi;
D—1995
Revere Copper ft Brass 3Vis
*
i960
ISARio Grande West 1st gold 48—1939
A 1st cons & coll trust 4s A
1949
Gas
102V2
104V2
107
115
*107
72%
72% ' 73
••
Gen
*125%
1977
1967
;87%
125%
—
I-
*108%
1969
1934
JARut-Canadian 4s stpd
1949
SiARutlend RR 4%s stamped——.1941
77
18
18%
11
2ft
..
21
>;vAPrio* lien 4s
*101%
V
A Cons
of
M 4%s
*98 : :
1955
102%
95
62%
J-J
Jf-S
deposit stpd—.
64%
46 Va "
46%
44
—' '■
>
—
100
..
104%
105V4
99% 100
88%
101 Va
74-76%
\
■
J-J
J-D
51%
8OV2
100
■
110
110
*101% 102%
102%
103
•109%111%
*103% 104'/a
MS
MS
Mo
104Va
100 Va
103
/;■ *103% 103%
II
1949
27/as debs™.1961
Corp
Electric
Co
coll
&
M
of
109%
112=%
II
*109%
Jf-N
3%s_—1971
2%S—--
tr
;-.1975
.„
A-O
1945
J-J
60%
*103% 103 %
102%
105 Va
'Union Pacific RR—
103% 103%
103'/a
104%
1976
F-A
106 % 106%
105%
1071/2
1959
MS
102% 103%
102%
104 V*
115
115
103%
106 Va
£.1947
land grant 4s
&
J-J
103%
52%
40%
104V2
72%
41%
103%
78%
61
34
34
104%
*103
J-D
1970
107
104
34%
A-O
1967
f : 2%s debentures
73
■
44%
43%
,
L
IO51/4
J-D
73%
56%
475
66% ;
62%
56%
93
63Va
64%
697
185
66%
deposit
105% 105%
J-D
:
Union Oil of Calif 3s debs
10
63
60%
,60
59%
—
108
152 Va
106
75
1st
J-J
1421/4
103%
U A Union Elev Ry (Chic) 5s
98
;97%; 100%:
•99% 101%
'
148%
24
101%
-
♦142
■103% 104%
20%
,
19%
—
103%
Tol ft Ohio Cent ref & lmpt 3%s_. 1960
Toronto Ham & Buff 1st gold 4s_.1940
125%
18
1061/4
A-O
Tri-Continental
w:
*101%
series A
A Certificates of
137Va
109
105%
106%
104% 104%
105% 105%
J-J
1960
Trenton Gas Si Elec 1st gold 5s
96
APrior lien 5s series B
A Certificates
rel 4s
109%
74
,:
—
*95%
A......—...
deposit
ser
of
ACertificates
129%
—
106 Va
104%
v;.
108%
17
1996
Bt L Rocky Mt Si P 5s stpd
tSt Louis San Francisco Ry
High
106%
Af-N
1985
108%
61
._
.
__
62
61
1996
gold 6s
Low
J-D
-...2000
E
ser
108%
*109 % 110%
ioai
gold 5s
January 1
A-O
Jan 1960
1st
2d
3%s
Third Ave Ry 1st
Union
Joa Si Grand Island 1st a*
1st
M
*130
J-J
Pac Tenn RR of New Orl 3%s__1974
1967
Gen mtge 3Vis series J
»AR I Ark Si Louis 1st 4%8
Bt Lawr & Adir
ref
AAdj income 5s—L
Corp—
Gen mtge 4%s series D
Gen mtge 3%s series H
Gen mtge 3%s series I
Bt
&
Texas Pacific-Missouri—
Elec
&
Range Since
Sold
No.
A-O
i«6»
1965
Texas ft Pacific 1st gold 5s
Rochester
Bonds
Terminal RR Assn of St Louis—
S
ser
Sale Price
/>.■
1964
Reading Co 1st & ref 3%s
Week's Range
or Friday's
Bid & Asked
Low
High
Friday
Last
Period
Range Since
Sold
Bid & Asked
A
Interest
bonds
Bonds
Friday's
or
Sale Price
Period
a//
FOR WEEK ENDING
2%s debentures
Universal
...
3%s debs.
Pictures
52 %
ISt Louis-Southwestern Ry—
■
1st
bond
4s
A 2d
4s
certificates...
bond ctfs
inc
—Nov 1989
ref
yfc-
J-J
gold 5s series A
1990
M-N
ACtfs of dep
of
6s
cons
67
i'i
106%
.i.
.
A
1945
73
..2003
J-J
-1958
55
-1995
60%
of
deposit
74
44
100%
(Joseph E) & Sons 3%8-1965
85
19%
F-A
19%
J-J
Bocony-Vacuum Oil 3s debs
J -J
>1964
80
-
12
203
79%
■
;
.
:/:• 1st mtge 2%s
Si
Mem
gen
Div
1st
106
104% 105%
108%
209 -sf
107 % 108%
..1994
•
98%
104%
109%
106
5
106%
98%
,
103%
99%
98 %
*95
-1956
A-O
.1996
120%
J-J
;
Southwestern Bell Tel 2%s debs
Southwestern Public Service 3%s_
1985
120
105%
105
F-A
2%s debs
Standard Oil N J deb 3s
1966
-1961
>120%
,
Af-N
A
-6'
103 Va
1»|^
-
y*—
-4
■'
1041/4 104%104
102 Va
.
*130
110%
103Va
•
-->
.117%
115%
"5,
ln^i/
\Viv
"5% 107%
70
105% 106%
i06% 111
104
116%
J9IZ8
108
110 A,
R2
111 A
,
103
106%,
67%
56V2
104%
M-AT
--
J-J
01
oa
M-S
J-J
—
107%
106% 106%
105V4
106%
104
104
-
122 Va
ifi
17%
50
49
4f1>
:.
87%
84%.
,
49
.
--
'"2
iofi%
^
t
51
.fil/
108Va
106% 10 Ya
4
—106% 107
;
*109%
A-O
J-J
year's range,
n Under-the-rule
In the year's range,
y Ex-coupon.
198
7-
—
-
105%
n,'s
-
fange.^d Kr-interest; .•£jd4;tc2j
r casn sai
sale not included in the year s range,
n„fttftHnn
«.
.
impaired by maturity.
tThe price represented is the
pound unit of bonds.
Accrued interest payable at the exchange rate of $4.84B4.
JCompanies reported as being in bankruptcy, receivership, or reorganized under
the Bankruptcy Act, or securities assumed by such companies.
•Friday's bid and asked prices; no sales being transacted during current wee •
ABonds selling flat.
.
->'< «
105%
105%
——
-
200-
ner
§ Negotiability
107%
101%
r-
delivery sale not included In the year's
a Deferred
not included
108
3
86% 89
89
SO
104
103
117%
*120
—
Af-N
included in the
:
--
in-?5/
—
—»
3%s^.^,1971
Jo3%
1J3%
-
1946
lASu & Du div & term 1st 4s_..1936
ACertlficates of deposit-.-....:.—
Wisconsin Elec Power 3%s—
1968
^86 4 ^94%
81
91
inasi"ln9%
t
^
108% 108%
108%
M-S
47
B6/a 88
87 A
J-J
.
1960
Wisconsin Public Service
107%
105
..
>
MS
A-O
J-J
109%
57%
100
104
^
Westinghouse El ft Mfg 2%s_.—..1951
West Shore 1st 4s guaranteed—^—2361
Registered
.2361
Wheeling & Lake Erie RR 4S...—1949
Gen & ref M 2%s series A—i.^.1992
135%'"'
107%
105%
.
*
128
126%
104% 105%
101% 102%;
M-N
-1961
Swift Si Co 2%s debs
19
££
J-D
-1956
123
?■
105
56%
J-D
.1959
Sunray Oil Corp 3% debs
Superior Oil 3%s debs
,.
105
*'■
108%'ffn^c;
104%
*108% 109%
Apr
Stand Oil of Calif
132
120 !A 122%
M-N
*
--
uar- j'
145 A.
135
?
135
A-O
1974
nSpokane Internat 1st gold 4%s. .2013
1
105% 106%.
J-J
gold 4s_—....,.1951
A-O
May
J A Wisconsin Central 1st 4s
ACertlficates of deposit—
102%'".
135
'
120
■A-
A-O
.1956
gold 5s
105%
A-O
...1958
»
,
II
Winston-Salem S B 1st 4s-
106'A
95%
135
,
Wheeling Steel 3% series C--...*-1970
Wilson & Co 1st mortgage 3s..—1958
"t Stit
135
—
F-A
,
105%
184
k.
106% 106%
J-J
6%s
1st
106%
102%
J-J
Q-^
e"58
.',v! 'i
lff4
105%
-1961
ser a
—
Devel
!f
127
J-J
-1986
Southern Ry 1st cons gold 5s».
Devel & gen 4s series A
;■
Devel St gen 6s__.
St Louis Div
'»
172
♦98%
Maryland 1st 4s—~.1952
Pacific 4%s Inc ser A——.2014
109% 112%
108'
105% 106%
M-N
—1986
E_
ser
—
106Vi
106
11
.104Vi
'103
_
^9
93
in2%
-102« 106%
\{f
.
J-J
Western
105% 106
J-J
12
10
*3
'
106 A
A-O
M-3
M
107%
106
A-O
1950
43
,®3% 94A
lOOVs
tn
Western
105
Co—
3 %s<■' series'
1st mtge 2%s
73%
102
105 %
iJf-N
>1981
1st 4s
9]%
103.. 104
100% 100/a
93%
.
WG^fSfgS 3^!L!!!?i±II±1967
80
>&?
Gold 4%S—
...
—
111%
105% 106 -
MS
113
i104r
2
*110
Jf-S
—
West Penn Power 3%s series I.—1966
108
10
J-J
F-A
1969
RR
105
'104%
,1979
Gold 4%s
Pacific
25%
4
1985
Fran Term
90%
19%
12
*124
1st 4%s (Oregon Lines) A—
1977
i 8 Gold, 4 %S—.„
>.1968:
San
80
104y8 104%
104%
A*ft
1963
101%
80
102% 102%
Southern Pacific Co—
Southern
99%
1
105 Va 106%
105%
•flf-N
v
81%
105
101% 110
18
81%
F-A
11A Silesi an - A m Corp coll tr 78—1941
Bkelly Oil 2%s debs
1965
104%
100
'112
106%
& 109% 109%
Apr
F-A
A-O
.
84%
2%s debentures
81%
69
~2
101% 101%
1935
South Si Nor Ala RR gtd 5s
Southern Bell Tel & Tel Co—
3s debentures —:
80'/a
69
17
78
122 Va
'■
109
1121/4 1121/4
Apr
1981
AGen mtge inc 41/4S ser B—Jan 1991
1st mtge 3%s ser B
1971
Walworth Co 1st mtge 4s
1955
Ward Baking Co 5%s debs
(subordinated)
1970
Warren Peiroleum 3"/.a
1955,
Warren RR 1st ref gtd gold 3%s..2000
Washington Central Ry 1st 4S-....1948
S; Washington Terminal 2%s ser A..1970
ser A~.—Jan
,
Seaboard Air Line RR Co—
■// 1st' mtge v 4s ser; A wi—,
Seagram
i
105
—_
Gen mtge 4%s ser A wi
t A Seaboard All Fla 6s A ctfs
75%
104
122%
*123
,
Af-N
...
73%
103%
W
61
54
69
■
A-O
^^Gen^tg^0^ inc
61%
13
104%
125%
5
77
104
MS
■
—
•100
Af-S
Coal & Coke 1st gold 5s. ..1949
129%
:
53
'
__
—
Virginian Ry 3s ser
2
56%
56%
*54
...
127%
120
118
57
*110
*113
Va ft Southwest 1st gtd
1st cons 5s_.-.,u—
132%
122
12
123%
57
57
63%
132%
,
*117
(Chemical Bank)
series
ACertlficates
-
Va Iron
105%
12ft
.
ACtfs of dep (Guaranty Trust)
ACtfs of dep (Chemical Bank)—
15 AAtl Si Birm 1st gtd 4s
1933
?
114%
.
A 1st
.
102
114%
54%
>117
123%
(N Y Trust)
dep
97%
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E___. .1975
106 V«
*126
tSeaboard Air. Line Ry—
§A4s stamped
1950
ACtfs of dep (stamped)
A Ctfs of
dep (unstamped).—
lARefunding 4s
1959
91
26
.
57%
56%
*
A-O
F-A
M-N
Vandalla RR cons g 4s series A. ,.1955
Cons s f 48 series B
-1957
98%
86
Ky',
•*
/•.'
F-A
Boioto V & N B 1st gtd 4s-.™- 1989
ACtfs
'
J-D
V' V
99% 100
,100
'"
1st cons gold 4s_ 1968
«A8t P & K C Sh L gtd 4%s
1941
Bt Paul Union Depot 3 Vis B
1971
89
120
93
5
97%
97%
*—
J-J
Bt Paul & Duluth
115
115
315
J-J
1952
IA 1st term & unifying 5s
AGen &
U-N
1989
—
a
oI
^
tton
sees
,f
^
,
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
and deferred delivery sales are
footnote in the week in which they occur.
week
a
disregarded in the week's
YEARLY
AND
No account is taken of such sales
in
RECORD
they are the only transactions of the week, and when
unless
range
computing the range for the year.
selling outside the regular
•
-
>
>
,
weekly/ range are shown
#•
-
>
In the
following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday
May 4 and ending the present Friday (May 10.) It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every
security, whether stock or bond, in which any dealings have occurred during the current year.
■
/
,
s
RANGE
STOCKS
New York
Curb
Week's
Last
Exchange
Sale Trice
Low
WEEK
ENDING
MAY
for Week
Shares
10
Jv::v
Sales
-'.
Range
% of Prices
Par
FOR
•
High
for Week
Shares
,
of Prices
Low
Par
ViV- High !:?
LOW
Range
Last
Sale Price
Range Since January 1
Sales
Week's
Friday
STOCKS':
New York Curb Exchange
'.'C;
//
High
ACP-Brlll
Wire
Acme
A
D
Motors
F
Co
warrants—...
10
common
Co
Convertible
60c
Great
■
21
6%
6%
28
6%
•
4,200
18-,:~'-';..>.*
17%
18
18%
18%
/
Jan
21
5%
Jan
23 Va Mar
Jan
7%
21
Feb
Jan-'
s--':
:•
Apr
23%
Jan >;
15
900
Jan
13%
r
Apr
16%
1,300
:
Feb
30%
Apr
5%
1,400
6%
11%
7% Apr
25%
•
1,600
21%
18%
Low
Feb
5%
-
5% "'•zr
12
12' =;
12%
10
16
15%
16 Va
Appliance
3
Southern
7%
50
•
5%
300
8% Feb
Feb
129
i
7%
129 /
.
11% Mar
14% Mar
17,300"
2,100
7%
preferred
preferred
All08 & Fisher
Allied
Allied
For
Int'l
_
250
Aluminium
6%
Products
(Mich)
see
new
page
com_
2610.
•
.
'w.
—
W-p..
12%
'
12%
128
■
•
■
common
<
American Beverage common
Apr
Central
American
Jan
American
22%
Convertible
class
29.
■
'
"•
26%
29
500
4
83%-
4,300
1,050
113
Apr
Mar
Mar
.21
197
550
198
116%
110
100
1
4%
4 Vb
200
4%
Apr
Feb
121
25 V2
Feb
Jan
26
Jan
Jan
Feb
204
May
Apr
113
5 Va
76
Apr
Feb
22 V«
Jan
50%
Jan
55
Apr
47%
Jan
51 Va
7%
Jan
HV2
Apr
Apr
73%
100
57
16%
17%
600
16 Va
28
53%
53%
200
Mar
& Light—
A
500
Jan
50 %
51
10 Va
10%
2,800
Cyanamid Co common
10
Foreign Power warrants-
56 %
60%
4,100
47%
Jan
6IV2
2%
3%
4,300
1%
Jan
5%
•
22 Va
23
10
45%
47%
4,700
x40%
Feb
111% 111%
125
110%
Jan
Class
A
Apr
119'A
Feb
American
Apr
109%
Jan
American &
14%
Jan
American
Fork
Feb
48
Jan
American
Gas
26% May
29
May
4%%
&
&
preferred
Hoe
Apr
Feb
'
73
73%
Jan
12% Mar
100
—
78%
114% 115%
9%
105
-
High
15
83%
—1
Mfg
Power
;
133%
^
,
Cities
v.
Jan
23
—•
—100
Co
,
63 Va
28
Book
40
•
-
■
—w
5
Ltd
preferred
115
'
.
*
common
Investing $3 conv pfd
footnote
a
Mfg
83%
115%
Aluminum Industries common———•
'
$6
Goods
Aluminum
'17% Jan
,-:l
7% Mar
400
132
•
$7 preferred
6%
American
—50c
-
*
100
*
Aluminum Co common
:
13% Mar
commoni--£^.-—
Altorfef Bros Co
'
2
preferred
Alabama Power Co
270
•
•
,
10
Mfg Corp
convertible
Electric
6
1
preferred
Air-Way
27
'850'
8%
B
common
Alabama
:
21% fi
1
Air Investors
7%
6%
....J
B
Airi8worth Mfg common
Air Associates Inc (NJ)
Alreon
/ 28
■
8
Aero Supply Mfg class A
Class
8%
,■
Range Since January 1
•
"
common
Electric
100
400
t
21% Mar
Jan
Jai»
26%
Jar
49%
Apr
113
Jan
M ohday,
CHRONICLE
THE COMMERCIAL & FINANCIAL
2606
May 13,19%
•l' - ".IK
NEW YORK CURB
V
New
"
STOCKS
Exchange
Curb
York
•>
•
'•'■■f'"? «V* .••••'•;'?
American
S2
Par
j-,!'
„
Shares
—
Jan
31
28
31%
American
45
28%
25
Co
Laundry Mach
»
20
Light & Trac common—25
preferred,
.
25
1
ti%
Mfg
American
Maracaibo
American
Class B
& Chem class A—
*
Republics
American
common
Corp
Superpower
ww«
com,
$6
preferred
$8 series preferred
^
.
American
Thread 5%
American
Writing
preferred—■
Paper
41
400
775
2%
Cherry-Burrell
Apr
ChPsebrough
Apr
44%
14,000
15%
Jan
24% May
9%
1,000
8%
Jan
11%
39
5,400'
2%
2%
59%
Jan
1,000
64
—
6%
6%
9%
10%
J;
1
Jan
Chief
Anchor Post
Products—
10%
Inc
Common
6 %
'
Aro
Gas common'
class
Feb
Jan
12%
Jan
$6
15% Feb
•
Oil
Associated
&
5
Mar
Jan
Feb
7%
Apr
5%
Feb
7
1,200
7%
1
dep rects
£1
reg
1,000
Associated Laundries of America
Associated
Tel
Tel
&
Atlanta Birm &
•
class A
r—w—•
Cleveland
Coast
Fisheries
Atlantic
Coast
Line
Co_r_—«;
13%
Jan
Mar
.
13% Jan
200
10%
2,100
2%
Atlas Corp warrants
Apr
May
Colonial-
\
84
325
11%
10%
12%
67,200
—1
38%
34%
38%
4,600
3%
15
15
15%
500
•
10
Voting Machine.,
Avery (BP) & Sons common
6% preferred—
10
9%
5
19%
ag
:
;
26%
Ayrshire ColllerlM rnm
Fire
Community
&
Public
.♦
57%
31/4
17
Feb
22% Jan
Feb
28
Consol G E L P Bait
800
Jan
37%
Apr
Feb
4%%
Biscuit
series B
62% May
Zl
Baldwin
Banco
Rubber Co
de
American
Steel
Barlow
&
Basic
/,
1
7%
(L)
A
common
common...^-.
Beaunit Mills
ff
of
&
.
Shoe
(E W)
Consol
Feb
23"%
37%
28
J 30
30r
mrM
190
"1
40
t,
■
& Co
5,400
22
397/a
1,900'
21%
Apr
Jan
——•
■
290
x31%: Apr
*
190
Jan
27
May
5%
130
37 y2- Jan
9,600
.
20%
15%
19%
850
13
8,200
*42
26
55
55
■■
--56v/
21%
Jan
Feb
29% Feb
450
May
56%
7%
Brazilian
Traction
Corp
Brewster
Jan
Jan
39%
34
300
25%
700-
45.- Feb'
67
135
Mar
150
May
Jan
Jart"
"65
Jan
Curtis
31%
Apr
Curtis
,
Jan
~1
/;. Class
Co
British
American
Co-....-..v"".,
Tobacco—
33
24%
•
.
3%
13%
4%
16 %
9,300
30
31%
1.000
25%
■■■*.:
1
9%
28
r 1,600'
8
48
Bruck
Silk
41
Jan
48
19%
150
14%
-2.50
.
Corp Am de® rets
14%
14%
1.800
22%
23%
4.500
36.000
1
ir~:
(Peht
/
2,600
h
2%
2%
18%
Electric Products common
Voting
trust
SVz
18 %
..
convertible
dep rets 5%
Sugar Estate
California
Caliite
Electric
5%
preferred
Fire
Canada
Derby Oil & Ref Corp
Gasket St Mfg
Ltd
Cement Co
6%%
Ltd
9ya
common
6%
A
De
non
77c
•
voting,
Industries
preferred
City
&
Carter
■
Co
class
4,500
*
10
24%
<
A
f"
/:
Am
Apr
Feb
Divco
4
Bfcove Co common
/
17%
23
/
15*
5
200:
(J
W)
Co
com'
t
3%
Castle
(A
M)
&
•
Co
Catalin
Corp
Central
Maine Power 7%
of
footnote
;
America
see
page
pfd—
2610.
May,
8% Apr
•
/32% Jan
^
'
108
25%
25
26
.
25
450
9'/a
:;-;
6%: Apr
60
.
Apr
36%.Feb
108 -
Jan
13% Feb
20
.Feb
Jan
16% Feb
;
May
38%
Mar.
8%
100
-
x
107% May
70
108
Apr
Jan
:
30%
6.900
/
,
10
:
32%
25.
Jan
Jan
16%" Jan
164% May
4%
Apr
Apr
117% Mar
100
11% Mar
14%
1.500
17% Mar
25
May
51
24
25
48
49
100
18%
18%
19
10,700
34%
13%
120
13%
100
Feb
Jan
31'/2 May
21% Apr
8%
3,900
4%
•8%
8
Jan
7,300
Jan
16%
16
16%
38
38
38
7%
38V4
23% May
25% May
10,400
9,400
dep rets ord reg.—
Corp commdrtj—.1
25%
24
25%
900>
2OV2 Mar
1
19'/2
19%
20%/
500
17% Mar
113/4 Mar
:
12 y4 Mar
17% Jan
27% May
Tar
St
5%
5%:
1
'6
16%
Si
.15
53/a
,
57
Apr
Jan;
;/V'-8%
Feb
4iy4
Jan
-
Jan"
,17V4.Apr
v■■
100
125
•
175'
•107.1108
108
91
50
,
*
101
90
90%
10
—
■'
.
40
97
101
—*
Apr
22%
11% Mar
7,800
7,800
16%
Co LtdL.-—-•
Co Ltd
Feb
28%
j
'
6,100
.
Chem
24%
22% Feb
40
Ltd
Feb
171/2 May
Apr
•
31% Mar*
700
25%
—-
Apr
11
23%
2.100
31%
27%
dep rets ord reg
Durham Hosiery class B
^
83
54
r
10T
83% Jan
96'
65
Mar
Mar
109
.98% Jan
May
Apr
Feb
Apr
•
22
common—*,
Duval Texas Sulphur
8%
I
.
10% Mar
97/a Mar
—£1
Duro Test Corp common
-t
J17%
•17%
„10
22%r
300
SVa
1,300 ■/
18%
'
'1,200
16
6V2
2*4% Mar
.Feb
.10%
Jan
20
14% Jan
Feb
Apr
1''v~vvV. V«r;r
6%
Apr
6%
7
102% 104%
•6%
Bast Gas & Fuel Assoc common.
/.-
103%
84%
■91%
.100
preferred.
92
.
5,700
697%
Jan
5,425
:"4%-
3%
80%
$7 preferred series
89k
$6
86%
,75%
52%
52%'
A
preferred series B
4%
89
10,800
Sugar Associates—
preferred
Easy Washing Machine B.
Economy Grocery Stores..
Apr
Electric
Jan
19% May
$3.50
120% Mar
Bond & Share
pfd
1,575
.53%
925
92
42%
-
12%
12%
12%
2,200
37 '
39%
950
Jan
Jan
5
Jan
89
May
87
Mar
Apr
11% Mar
25
May
May
;"
50
87-
38%
56%
•
14%
Jan
Jan
39 y2 May
26%
Apr
25%
25%
34,400
18%
74
73%
74
300
70j/4
Apr
77% Mar
75%
74%
75%
700
73
Apr
78%
J 25
common..
formerly $5—
04.20 pfd. formerly $6
500
Jan
104% May
Feb
3% May
69
Maf
68
Eastern
$5
65
37% Mar
_2I
Iron
8
Jarf
•■975
*
Jan
Jan
May
22%
Malleable
68
24%
180
19%
20% Jan
13%
•5%
6
States Corp
29%
12%:
Apr
Apr
Feb*
23%
Eastern
Jan
12%
190
27%
Eastern
34
12%
,145
Apr
Jan
25%
Jan
Feb
Feb
175
10
i«
v
Jan
150
Jan
140
12%
-13
2i"
35
Jan
38% Mar
Jan
150
Apr
Jari
52%
5.900
13 Vb
19%
Jan
180
175
175
13
/ T~'. [/'///
May
117
If / May
Jan
1.000
'
•
3
170
"17%
•18%
178%
5
;/;/■ ■;
..v
Am
Jan
30
20
65%
18%
18%
36% May
4%%" prior preferred
164% May
72
18%
.
.
£7%
Feb
13 Vb May
50
100
64
;
18%
Dunlop Rubber Co Ltd—
V
Jan
6.800
49
Products—
52
840
32%
31%
common,..
Duke Power Co
Jan
32%
3
63%
•
|
Jan
Mar
3% May
2.000'
45
35
.10
Driver Harris Co
11%
May
15% Feb
goo
14%;
ZZZZZZZ*
."**
29
—125
4%
3%
.
9%
Draper finrpr
6%; May /
13%
^
16
32%
pfd
6%
3.300
8%
V
new
prlefwrrffVf
Doullnlori
'
12 % May
8% Feb"/- t
10% Jan
—
164% 164%
common
& L $5
•
..1
Dobeckmun Co common
6% May
Feb
8% May
*
T~
"
3%
—
-18%-Jam-
700
30:4
97/a Jan
7% Mat
4,800"
21
•
Jan
26%
/ V'3*%:May
:
~r.
■
:
Feb
22% May
Distillers Co Ltd—
15%
3% MaY
•
2.300
4
Co
P
Casco
For
.
600
*
14%
loo
■
Products
Class B
Carnation
Carolina
:
'./v.
i
17%
-
8%
.31%
31%
Iron Foundry——..—
Diana Stores Corp..
.
Caimcuan Marconi
Carman
9%V
24%
_*■-
Ltd—
:■
14% Feb
20
dray
Vilbiss Co
7%
May
19% May
Alconoi—
voting
B
4Va
40%
•
preferred
/bettolt
12y4- Jan
48
1
Canadian
Capital
%
'-if.'Pi-i:
!,*"
100
-
13%
8%
24%
.
Class
12
12%
ft/
100
Industrial
12
13%
•
preferred
Canadian
3%
3%
fl
Co,
4%
' 11,400
,
Jan
5Vi
21"% Apr
Jan
13
•
..
,
Dominion Bridge Co
6y4
Z^i
Bread
i
.
•72
Domestic Industries class Ar com
5y8;
Insurance
Camden
8
30
^50o
Detroit
Dominion Textile
W
Jan
33%
24% Mar;
2%rMat
5;500
35
conv
12% Jan
6%;x
12
Apr
6% Jan
11', Jan
10.300
29
-
>
v
.
18% May
4.500
1
110
;;
43
6.600
20%
7%
/
^*..100
eommnn.
Feb
6%
lg
Jan
4% Jan
36 Va May
20; 100-
22%
8
Lighting Inc common—...JJ.50
Mfg Co (Mo).
Mioh
'''Z
£1
•/
May
Jan
> 450
3%
21%
17%
'
•
10
8%
5%
1——
100
20 ;
7%
-
3,200
32
18
8%
Atlantic' Sugar.._B
7% Mar
6%
Corp,
Tungsten
Canada
pf<fc—
Power
5% Mar
-
•'
22%
2$
4:800
50o
certificates——.
American
Calamba
,.
.30%
:2%
21
Xi-l,'-':
6.100
10%
15%
60e
Wireless—
&
'•
-
,.0?
Domlnlonf Steel St Coal B—>
Cables
-
———i—i
Petrol
Steel Products—
c
-able
•
•
Detroit
2% Mar"
2%
10%-
—250
.
.
37%.
36ya
;
i / 31%
¥*■- 3%
0
Brewing Co—
Detroit
18% Mar"
.12 %«
.
common
700-
5%
108
"6"
68"
Jan
31
•
(ord reg)—£1
Jan
16V4 Mar
v' 13Mar
23 Ya
Buckeye Pipe Line
33
Mar
44
Mills Ltd
Corn
dep receipts
71% Apr
102% Feb
Apr
Jan
19
common,
.
37%
—
■116% May
8% Jan
3.300
10%
9%
Jan
44 i"-
100
iEL)
H)
70
66
70
3% Feb
10% Apr
preferred^*.
class A common—u**—_flt
06 prior preferred .
Kfl.
8% debenture.
M
ipq
31
May
4Vu Jan
Jan
3% Mar
800-
•
Bruce
(P
;
7% Jan
1.600
10%
Biscuit
Jan
Apr
200
6%
!! "Z
Z!
BuUtvariL,-,.,
34
25
5% Apr
21%
■
2.000
Feb
14%
..
5%
5.%
Davenport. Hosiery Milieu
Dayton Rubber Mfg class A
Dejay Stores common
*
24% Jan
5%
4'?::/
May
'
Jan
D
Apr
Feb
21 y4 Apr;
21%
15%
40
1%
-"'-5.600
Apr
Apr
6%
i
Apr
Feb
•
2-
60
108
common.
Feb
12%
24%
Feb
21%
1
durrv
100
24%
/31
Feb
23% Apr
■
Rubber Co common—
&
Feb
7% Mar
•
a
prior preferred
Butler
3.50Q
£1
preferred—,.
Hill
12%
31
_•
Co
'
5J/» Feb
21
common,!!!
33
31% Feb
11%
Brown
-muiter
27 Va
Jan1
4% Jab
-10s
Brown Forman Distillers
Burma
22% Mar
217/«
7.000
21
—.
Columbia Power class
Pence & Wire
A
1.000
1.100"
5%
,£1
dep rets ord reg
Jan ;
11% Apt
3.600
12%
1%
l'/a
Dennison Mfg
ClttSS B
$5
m■
.r
.
Feb
Jart
Mar
26
4O^"/-v*t4O0/
12
'
Jan
14
25%
62
convertible
■Cuban
■
dep rects ord bearer
Am
dep rets ord reg—
British Celanese Ltd—
Class
24%
20 %
Am
if own
Mar
27
•
A-—■ ,/-■
American Oil
Amer
21
200
common,,
British
8ritisb
'
5%
12
3.100
Apr
6%
47
\
Cuban Tobacco
•
23%
~5%
!!«
Bridgeport Oil Co
Mfg
■f
25%
24
!•!""
Bridgeport Gas Light Co,
irilio
30r
29
■
arts
10.100
*38%
39
'
Jan
70
143%
141
PwrZI!—
Lgt
common
Aeronautical
13%
29%
'
preferred
Crystal Oil Refining common
$6 preferred^—
.
67
2S
...
34
13%
40
Crown Drug Co common:.—..^^^.250
6 6/r Jan
33%
r67
5.400'
May
' Jari
27%
-12
Jan
81% May
" Jatl
4
13%
•
/CroWn Cork' Tntertifttlmiai ■ M'~
60
■i 34
22
-29%
1
.
71% Jart
2;OO0
2,800
9%
Co
Petroleum
tCrown
39
:
2,500
V-121$
41"%"
39%
Jan
118% Jan
112 ./Feb
12% Jan*
Feb
49
5V4 May
55
Feb-
Apf
9% Jan
4%
■■
41
v
Crowley ^Milner & Co
Feb
16%
:
4%
Jan
Apr
24%
91
:
Apr
38%
34
-38%
,
<t
.
,
CroSley .Motors' Inc
Jan
6
Jan
23%
16,200
u
Croft
.
'
Breeze
^
Creole Petroleum
Jan
140 Va Jan
^pr,
30
2,900
5%
5%
ia:
900
48%
24%
■
Scrymser Co—
Bourjois Inc
.;
1
10
Co
"/
American
May
34 y2
4% Mar
20
5%
•
Borne
86%
5
47
.
108
30
10%
83
37% Apr
Feb
82
115
>1
Apr
Feb
9
Courtauida Ltd—^
:.
Feb
9%
May
165
•
50
27
40
4%
26
"•
1st preferred,—
27./•
40
48%
■
T
,
6
3,600.
15%
_"l
preferred"!"*
i
10
•86%
'
S%
50
Jl
Reynolds
preferred A
CoBden
Apr
700
108% 108%
inc
$6
88%
110
10%
..L
CorpL.,^
42
44% Jan ':
16% Feb
500
ioi%
01J
% Jan
3% May/
500 /
Apr
■
17%'Jan
400,
3%;
.
88
Cor/con St
23% May
,20%
;,
common—
Coro
Feb
125
Feb
Jan
178% 190
4%
com!!*
.
;
Feb,
14
800J
!" h.
|.v;\
101
3% Jan
■
}■
26% May
Jan
6,300
19
'115
Cornuccfpia Goltf Mines,.
<
Jan
Feb
48
Jan
400
1
'
n
Cook Paint & Varnish Co.—
•
Jan
12%
A Jan
37% Mar
ipq
-
'
•
-,
12
8%" Jan'
88%
Fdy & Machine Co
Range
Jan
/
/'
97
160
25%
3%
18%
100
Stores
Steel
Textile
Copper
2iy* Jan
Feb
»17
1,125
7%
6
V
.
n
/.
common.;
Go
26%
33%
—
..
convertible
(S)
(H C)
2,200
36
"iqq
common
common
optional
19%
125.
1
preferred
cotnmnn
Blumenthal
10
22%
i
Corpi—v..
Canada
Ridge Corp
9%
1
common
Hedges
Bickfords Inc
.7%
Consolidated
Mar
15
200
22
common——2.50'
Birdsboro Steel Fdy & Mach Co
Blauner's common
——
$3
12
8%r^ Jan
11,800'
21
10
"«
.
Berkey St Gay Furniture
Bohack
n%
20%
207/a
1
-
——;
new
Aircraft
/Convertible
Blue
10%
/
100
Ties
Inc
S)
(A
Bellanca
Bliss
Jan
10%' Jan
11%
1st preferred
Tel
15 %t
—ii/
convertible
Benson
600
42% Feb
20
Jan
Apr
Continental
Corp.
Brummel
Beck
41 %r
17%
16%
17
50
..
Refractories Inc..—_
Beau
42%
42%
Seelig- Mfg-—
Baumann
Bell
;
shares
Barium
$1.20
common.
Andes—
los
—30
w
Royalty
Apr
6%
43
38% May
1,550.
5%.
23%
,
18%
•
common
Retail
17%
'
preferred—
Consolidated
25% Apr
,
Apr
fs
4
.
Co
Consolidated
lil
Mar
7% May
:
1;:$8" preferred.
Jan
26%
39% Feb
26
.
11,400
41%
40%
41
^24%
Baldwin Locomotive—
..7% : preferred—
Jan
-Apr
38
Mar
68,000
%
%
t
.
1946-..
25%
i,20d
-
Conn Gas & Coke Secur common—;—..*
V t o extended to
8%
89% 100%
D9%
,..'..25
38% May
18% Jan
225
62%
49
105
Jan
4%
■
2,300
4,700
40%"
39
39%.
.
Consolidated Mining & Srttelt
62%
Mar
-
4% preferred series
Consolidated Gas ntintt<>».,.
.
; Feb
20
14% Mar
450
•
5%
7%
8%
og
-4%
B
Babcock & Wilcox Co
32
wanants
13% Apr
10%
28%
.
1
700
,
32
Community Water Seivicew—j
Compo Shoe Machinery—
■ '
Jan
Consolidated
35%-
® 4%
.
Service.—
19%
3is/8
>
Southern
26%
18
26%
%
Jan
.9
;
Apr
7%
Apr
32
Jan
32%
:
700
13%
16%
(new)—*
Aram
91
Apr
8% Mar
1,300
wrnts
Jan-
8
>
Iron
&
Columbia Gas 6s Electric-^*
5% preference
Feb
16* Jan
13
Automatic
Fuel
12ya
—...a...
Jan
24
i
,.20%
Mar
60
2,800
'*
Mar
78
Corp
,
e 14% May
Jan
26%
.300
16
4%
common
Airlines..
Colt's Patent
May
11% Jan
10% May
5,700
Products
Plywood
Automatic
12
Jan
Plow
Development ordinary..—..
Colorado
;
11
-
300'
34%
16
8
14"% May
6% Mar
97
33%
Feb
155
16% May
38
Mar
48%
93
Co
10%
83%
47%
33%
—_1
-
Utensil ca~
4,500
84
.16%
97
.47%
100
:
146 y2 May
14,100
.
17
Feb
184V2 May
37 V2 May
Feb
700
7.%
6%
.
-17
-4
Illuminating.^
Corp
Cockshutt
12%
11%
6%
v
Jan
.4
.
Jan
14% Mar
900
—1
"
13% Feb
1,100
Colon
125
75 V4 May
140
1,900
28%
Club Aliilninum
12
10%
18%
14%
27%
Feb
27%
11%
RO
—
Coal
Commonwealth
1
18
12
28%
Industries Inc
Clinton
Coast RR Co pfd—100
Atlantic
18%
14%
Feb
140
40
1
Apr
Apr
•
Apr
17%
Jan
26%
700
•
Co
Electric
iClinchfield.
14%
Apr
21
9
Feb
205
;
Jan
150
2.850
154
10
Homes
Controller
8%
6,900
•«
■
2%
13,200
14%
12%
24%
—
37%
145% 146%
115%
25
12
2%
9%
22
25% May
Jan
May
14% Apr
940
150
154
Jan
24%
11%
2%
•
Feb
Jan
29"
•
112%
12
2%
'
■
34%
•
10% Mar
16,200
lQ'/s
74
150
4,200
*
Lights Inc
.Clayton &' Lambert Mfg——
Jan
6%
6%
142/
1,050
170% 184%
184%
•
•
Claude Neon
APr
14%
12%
S
2.50
Refining Co.
48%
115%
,10%
49%
10% Feb/:
:
-
•
20% Mar
2,450
150,
-
2%
2%
37%
,10
1
preferred B
Clark
6% Feb
Feb
3,000
10%
16
2%':
100
common
City Auto Stamping
Feb
Jan
i
12
7%
75%
15%
-
$6 preferred BB
May
21
Mar
35
112
40
11%
—
■
5%
300
40%
74
1
preferred^,:
60c
Electric Industries—
American
Atlas
Jan-
17%
Feb
500'
5%
"
39
ny8
7
non.voting^^,^*
.j—.10* M
Light $7 preferred,*
Equipment Corp
Ashland
13%
18
75
114% 114%
114%
A
Power St
■'-,5.
51/a
25%'
186 /
7*5%
—.i———4
SChilds Co preferred
Cities'Service
City & Suburban
-
J#
1
preferred"—
Arkansas
500
21'
21
16
''
__1Q
Mining—
Feb
9
2,400
£ l
—
Arkansas Natural
10%
15%
Consolidated
Apr
1
Angostura-Wupperman
Apex-Eleo Mfg Co common—
—
•
Appalachian Eletf Pwr 4%% pfd—*.100
Argus
10%
14
19%
1
Jan
49%
6% Jan
16% Jan
400
Apr
Apr
Fdb
166%
16% Mar
2S
i—j
•
7%
65
9%
4,600
153/4
—2
:
<
Jan
"
6%
v
Angerman Co Inc common
Anglo-Iranian Oil Co Ltdr—
Am dep rets ord reg
Mfg
52
Jan
'36
325
V.
.
Feb
.^15% May-
.
Jan
37
.
7,100
7%
25%-
184
25%
5
Chicago1 Rivet & -Mach.
Feb
121
Jan
41%
7%
25
175
10
common,,
common
39%
7%
1
37
106
230
■
41
S
common—,:
Jan
43
800 ;•
v.
.
New
v
2,475
157%'
38
117 %
Feb
10% Jan
63,000
42%
41
148
157%
40
High
28% May
Jan
Apr
3%
Jan
48,600
10
—
CnanS Corp
Jan
15%-
.13%
—42
mn
100
Chamberlin Co of America
LOW
1,500
28%
117%
14%
100
.—100
Conv pfd opt div ser 29
Cessna Aircraft Co common
Jan
56
Jan
•
41% May
.
,
•
Jan i
preferred^
—
div
Range: Since January 1
18
.; V ?
West Utlhties^^«j,-50c
preferred
5% Jan
46% Feb
r
24%
22%
9%
i " 2%
63%
0
common
32%
7%
Conv pfd opt
Shares
High
23
28'%
-pfd——ZZZlOO^':
ifiCent States Elec 6%
Apr
•i: 24
ft Souch
Central
:
Jan
29%
18% May
3% Mar
Low
Products———1
Central Pow & Lt 4%
Apr
46
119%
iv
%
35%
Jan
:.28% Apr
11,600
43'
41%
24%
9%
V;,
Jan
400
19%
v
Feb
900
30%
'£ 43
10
2
100
•
•
—.
8eal-Kap
1,050
4% :m^x;
44% 45
41 % 43%
4%
—
,
•
—.
American
1st
-
Meter Co....—. i-
American Potash
Amer
;v 30
,19%
„
—1
Co—*.—
,18%
30%
:
Cocommon——25
American
54
Apr
24%
4,900
Rubber
Hard
Jan
6bio Steel*
*CeWfraT
50% Apr
40% Mar
150
27%
44%
27 Vs
45%
American
American
Feb
24
375
;
—
22
47.
500
19
49%
for Week
Range
of Prices
Last
Sale Price
:Par
High
.
Sales
Week's
\
Friday
1
(
ExcLangb
Range Sihce January 1
Low
!
.
52
18%
„
1
convertible preferred
$2.50
18%
./.'48%^'v 48%
coxhmori—_10o
preferred
.1
l'
STOCKS
New York Curb
for Week
Lovy High
~
General Corp
convertible
'
Sales
Week's
Range
; of Prices
Friday
/
Last
Sale Price"
>
EXCHANGE
;RANGE FOR WEEK ENDING MAY 1ft'
-
*
■ :
■
Jan
Jan
•
Volume 163
2'THE^COMMERCIAL & FINANCIAL CHRONICLE
Number. 4489
.
NEW YORK CURB EXCHANGE
RANGE FOB WEEK ENDING MAY• lft
STOCKS
New York Curb
Week's
Range
Friday'
Last
Exchange
Sale Price
of Prices
Option
2d pfd
warrants
JVntroeraphlc
11 Va
—.
Corn
High
157
165
9%
-
4 4 4
250
11%
—
28%
24%
•
———
Eureka
Jan
Apr
Jan
: '
13
•
3%
112
Jan
Jan
30 %
Jan
;
Chemical
34
of
Tobacco
Apr
Great
Insurance
of
Co
Engine
North
Cigar
Machine——.•
60
series
Investment
Metal Industries
International Petroleum
Federal Compress
Registered
Association
New
108
112
Apr
116
120
90
Jan
107%
115
190
92%
Jan
115
May
550
94
Jan
112
Jan
%
107% 109%
Apr
27
27%
300
,26
Jan
33%
Jan
69
70%
60d
,58
Mar
73%
Apr
28%
27
•
69
Jan
26%
900
21
Feb
24,100
17
31'A May
15%
Corp
16
24%
24%
10%
Jan
16
2,200
14%
6%'
4"%
Jan
Feb
600
-
6y8
6%
lft
com
26% May
May
7,400
20%
20
17% May
36%
10
17
17%
:
Jan
Jan
May
7%i Mar
44
May
5
14%
16%
14% May
16 V\ May
48%
53%
53% May
1
voting trust ctfs—J■
30% Mar
2% Jan
28%
29
32
Feb
10%
Royalty
10%
700
10% May
13%
Jan
2%
2%
1,000
•4 3% Apr
3%
Apr
—
preferred
2%
—
Irving Air Chute.
Italian Superpower Ad
*
of
dep
> ..
2%
3%
Jan
26
Feb
France—
rets
bearer-
Brewing Co
(Peter) Brewing
Pox
Franklin
$3
ft
Gram
Malt
common.
(Geo A) Co
stock..
—..
conv
Kansas Gas ft ZHee 7%
Co
Kawneer
uauueau
5 %
Power
General
Feb
Jan
111% Mar
112%
Jan
Jan
31'A
Apr
x26
28
Kidde
common.
Alloys Co.
13
13%
10%
10%
*
5*5> "preferred series A—i«
Warrants
General
Fireproofing
Oeneral
Outdoor Adv
General
General
Public
28
Plywood Corp...
common.
6%
Service
$6
com
.
Georgia Power $6 preferred.—
Klrtland Lake
Klein
•
19%
21%
126 V 126
107% 110
106
1
preferred
General Shareholdings Corp
$6 convertible preferred
29%
107% 107%
1
*
pfd
5%;
Kleinert
Knott
6
&
7% '
Apr
429
Feb
6%
7%
Apr
2 6'/a
Jan
May
9%
Jan
Feb
11%
12%
23
23
88
88
"10
86
Jan
94
Apr
78%
78%
20
'76
Jan
82%
Apr
25%
27%
1,000
7%
8%
3,600
10%
G M Co Ltd..
Co sommon.
(I B) Rubber Co.
Brewing
10%-
31%
15%
Jan
29%
Jan
Jan
114%
Apr
8%
100
13%
14%
12
35%
Feb
'
Apr
May
19
Jan
16%
12% Mar
400
Apr
•'34% Apr
Jan
29
Feb
2%
43
Jan
23
100
30%
Feb
11 Va
Jan.
1% Apr
29
7,800
31%
19
Jan
7%
100
16%
427% Apr
49% Feb
18% Mar
12,500
30%
Co-
Apr
Apr
2,000
2
41
1%
41
Emil)
9%
22%
114 y2
Corp common.
Erueger
I8V2
%19
6
I
Co
Kobacker Stores new common.
113%T14 4
.,,,
(D
29
0
(Walter)
Kimberly-Clark Corp—
4 V2%
preferred.
Kings Co Lighting 7% pfd B.
5% preferred X).
King Seeley Corp..
Kingston
Products.
Kliby Petroleum
dep rets ord reg.
24%
27%
■
0
Lamp A.
Key Co common
General Finance Corp common.
$5
24
-■
123%
121% Jan
100
~
Ken-Rad Tube &
ce
Electric Co Ltd—'
Amer
preferred
■;
IMt,
preferred.
Gellman Mfg Co
Feb
preferred
Gilbert
(A C)
Preferred
Gilchrist
.,«■
onwinmn
VV-l4t4;y4t4tii44vii4*;
:
Co—
Harvester
Gleaner
Alden
Glen
Corp.
10%
9%
12%
11%
12%
500
11
Jan
18%
18%
300
% 17%
Feb
31
Jan
Lane Wells Co
Inc common—
class A
B.
Class
Ooldfield
Monotype Machine..
Realty comipon
Mfg
Convertible
Consolidated
Goodman
Inc
Gorham
Mines.
Prior
Co
class A
Mfg
22%
19%
22%
61%
60%
62%
conv
Grand Rapids Varnish
Mfg Co
Grayson-Robinson
Gray
Atlantic
Non-voting
7 %
pfd—28
1
—
Stores
Pacific
ft
1
34 y4
31 ,4
34%
1200
12%
12%
12%,
20% , 4419 4: >20%
30
28% 30%
Gypsum Lime
(R G) Inc.
•
Class
B
-
•
-
3%
2,700
42
6,100
2oy8 Mar
400
20
30%
100
29% Mar
18
.
20%
26%
Feb
f-26%
•
v'
100
25
4,200
18
21
19%
13,200
30
2%
22,400
Feb
22
' 4
Apr
.19% May
'
Jan
15%
Apr
26Feb
May
18
19%
common-
Apr :
.30%
,
Mar,
27%
Apr
Mar
20%
.:
25% Mar
27%
Jan
32
31
Mar
12 4- Feb
3,300
.^ ,,1,,,.
Apr
Feb
50
Jan
43%
24%
Logansport Distilling Co
Long Island Lighting Co—
...
ft Alabastine.
Jan
28%
Lone Star Gas Corp
*
100
Feb
41•
Feb
30%
*
<
Jan
82%
22
42%
■
Apr
21 Ya
11% May
Jan
2%
11,200
Class.. A^*—;
...
417%
Jan
37% Jan
360
3%
Feb
Apr
341/2 Mar
Mar
,
9%
28%
6
Groceterias
Loblaw
40
3
Material Co.
Lit Brothers common
500
3,800
2$
Greenfield Tap ft Die
•
Grocery Stores Products common..25e
Gulf State Utilities $4.40 pfd
100
Paper
40
i—.—.10
Lipton (Thos J) Inc 6% preferred—20
2,700
-
18
4
600
15%
21
,.4:
Jan
10%
300
2,800
.Feb
14
Jan^4(
73
Lionel Corp
2,300
4
19
11%
11
Locke Steel Chain
stock
common
w
Tea—
preferred
1st
Great Northern
4
preferred
Le Tourneau
1,600
Line
common.
Graham-Paige Motors $5
Great
2,200
6,700
17
.18%
preferred
Oil Development.
Leonard
preferred.
$3
14%
Lanston
prior preferred
Gorham
common.
nelcourt
B
"
$4.50
18%
11
18%
Langendorf United Bakeries class
Godchaux Sugars
Cla?3
18%
Lakey Foundry ft Machine.
Lamson Corp of Delaware.
Coal
Gobel (Adolf)
23%, Feb
Lake Shore Mines Ltd
Gladding McBean & Co,—
ctfs
Common
7%
'6%
•
of
2%
dep
Louisiana
Land
Jc
12%
*
...—2
•
13%
20%
Rights.,wi
Tl%
,
4
3% Feb
96 V*
Feb
117 4
92%
Feb
108
10 Vb
Jan
13%
lll'/a
104%
325
9,200
115
104
Exploration.
Louisiana Power ft Light $6 pfd
2'A Jan
135
114
preferred A ctfs of dep.
preferred B ctfs of dep.
Lynch Corp new common
Jan
117 4
Apr
21% Mar
26%
Apr
22%
6,200
ri%:
r
3,500
Apr
Apr
Apr
1% May
4 1% May,
Lamp Co.
Ran
Bridge
Hamilton
Hammermill
Co
Ltd.
Paper.
Manatl
Hartford Electric Light
Hartford
Harvard
Marconi
Mining
Hecla
; '
Class A
Heller
Co
90
34%
67%
Horder's
Hormel
common
(Geo A)
ft Co common.
preferred—
5%
Stores
32
May
May
43%
..100
el-Ross
.
Refining
Fibre
112
1
(Harvey) Inc
Oil &
■38
—I
Ligumec
44%
Corp
32
10%
32
$2.25 preferred—
Com stk purch
1st
preferred
—
Hydro Electric Securities.
Hygrade Food Products—
72%
Jan
.
V
17%
19
Apr
10%
10%
11%
57%
7
32%
Apr
7% Apr
34% Apr
7
33
Textile
Corp
preferred
Michigan Bumper Corp
Michigan Steel Tube
Participating
10
Middle
B
;
Oil
Corp
$2
non-cum
Midi ale
Co
Dividend
For
arrear
footnote
see
page
2610.
4
70 y8
2,000
21% -21%
ctfs
31
68%
.—~
2,700
2,500
Feb
conv
preferred
35
421%
5,900
Jan ?
6%
Jan >v
9%
Jan
7%
;
4'
6%
14%
4%
3%
13%
10%
22%/;:;.
22
mm'mm
'
VU';."' /'
29%
•
.
7%
3.000
15
950
4%
9.500
13%
9.800
7
4
12%
Jan
112
•
Jan
13
May
62 /
Mar
9
6% May ':
Feb
Jan
May
11%
Jan
14
Jan
% Feb
17%
Jan
5 %
-
3% May
Jan
Jan
10%
Apr
13%
19
Feb
24%
Apr
19%
1.500
15 y8
Feb
20 y4
Apr
4%
17,500
3Va
Jan
15.700
20 */a
4 22%
18%
;
Apr
May
26%
5
109%
3,300
Jan
4'35
125
8V4
Apr
8ys
11.000
100,
Mar
10
Feb
18% May
Jan
Apr
"
37%
,
6% May
58
15'
22%
7% May
7,800
8%
13 4
900
4ya May
30
Apr
14%
14%
100
13
Mar
16
Jan
31
32%
150
31
Mar
35
Jan
40%
43
425
36 Va
Jan
47
6 %
7
1,300
6Y4
Apr
>/ 27%
•
•
common
Abrasive
Oil
Piping
30
&
30
Jan
Miller Wohl Co
66% Mar
81
Apr
Mining Corp of Canada
18%
23
Apr
Minnesota
new
L
common
5%
-
,
6%
•
14%
37 %
1
14 >/2
14%
37%
-
38
1.900
11
150
33
Jan
pfd
1.800
47/8 Mar
50c
18%
16%
19%
14,200
I6V2 May
8%
8y8
8%
4.100
100
5
-
4%
5%
91/*
Feb'
•
—
Apr
&
43
•
Supply
4
32%
10
Co
Refineries
P
Feb
2.400
7%
4%
dividend shares—*
39%
Jan
24
7%
10%
5
common
$2
Jan
.
Products—
Midwest
35
3,500
47
16 y8
2.400
13
1
Corp
Midland Steel
Mid-West
33%
1
c
West
Midland
'f,
t
v
Midwest
Illinois Power Co common.
—
250
15
1
2.50
*
Micromatic Hone Corp
Class
,/t
,
Jan
8%
30%
8%
Middle States Petroleum class A v t c.l
Apr
53
35
Feb
25
1,500
.
Jan
15%
18% 19%
9% -9%
112 4
111
111%
A preferred
Jan
Apr
94 Va Jan
42
••••50-;
6%
19%
Scott.
Jan
4%
18%
Jan
7%
34%
ft
Preferred
50% Mar
20%
33%
i
7%
.7%
common.
Chapman
Michigan Sugar Co
Apr
50%
34%
17
'
Metal
Apr
1.700
13 V4
60O
45%
19%
ft
common
Messabi Iron Co.
10% May4
33%
20%
Co
119%
Jan
2% May H
4.000
16%
1
Memphis Natural Gas
6%%
Jan
12 Va
800
1
2%
17%
45%
Warrants
Mar
Apr
6% Mar
94%
pfd—100
•
•
—*
Mead Johnson & Co
15
2%
17
Mercantile Stores
19% May
10%
14%
-—1
common
Mfg
51-
,
*
$2.50 preferred —
McWilllams Dredging.—
Mid-West
preferred
;
Merrltt
33% Jan
72
29% :32
16%
10%
Huyler's common.
conv
v
•
Menasco
48% May \
.32%
47% '49
Feb
115% Mar
48%
18% "19%
—
Co
43%
112
v
66
———
Hurd Lock & Mfg Co—nussmann
42%.
152
.
Hubbell
44
40%
Corp
Humble
mm
32
Co..
Horn & Hardart common
Howard
17%
Inc
& Hardart Baking
Horn
45 % May.
80
Jan
23
Co
68%
14
28
Hollfnger Consolidated Q
Holophane
45%
May
13%
class A
ft Co
-
1
Corp
Jan
-
Harris common
McCord
common
(Rj
-
■
McColl-Frontenec Oil Co 6%
Co commo
Hevden Chemical common
New
4
to
Shovel—1—
Massey
preferred w w
5%%
May
26
6% Feb
Mass Utilities Association v t e
common
Henry Holt &
Power
56
40% Jan
Co
Changed
Name
Marion
Feb
Jan'
Marine
Marion Steam Shovel '
Co
Rubinstein
Helena
In tern at
-Communication
Dept Stores common
Jan
36
26 '
56
48%
(The B) Co
Consolidated Mfg Co.—
Mapes
1
8%
Mar
6
6%
6
common
Manischewitz
1
Hat Corp of America B non-vot com
Corp
Hearn
Sugar optional warrant!.
Mangel Stores
voting trust ctf
Brewing Co
Rayon
Hazeltine
5%
21% May
108
Jan
169 % Mar
110% 110%
28
Apr
58
17
106
106% 107%
—
Tn«
Garrett Corp common.
Hoe
21%
109%
107%
convertible preferred
t%
Gen
4 Jan
17% May
52
17%
21%
common
Jersey Central Pwr ft Lt 5%% pfd—100
6% preferred ,,
v,,.,,,, Illl.....»dd,.—100
7%
preferred
100
Julian & Kokenge Co
•
Stores
Fioediert
Fuller
New
50
Glass Co.
Jeannette
Fort Pitt
.
Jan
10
107%
voting.
B
Motor
Amer
v
Jan
—•
$7
Iron Fireman Mfg
Canada-
Class
-
30 y2
110
17%
17 %
shs..*
coupon
—...
Power
Investors
ord reg,,,,,',II
non-voting
Ford
*
Jan
V* Apr
1
Razor B.
Utilities
common
Interstate
5g ■: to $1 Stores^..—.————.I:
Class A
.
4/
112% 112%
;■
*
A
Products
International
Co—
Ford Motor Co Ltd-*
f
Jan
14%
104
lis
•
International Safety
lft
(Phila)
(M H)
of
Jan
15%
Jan
26
_
ds Warehouse Co—21
"
Motor
Co
shares
International
Fedders-Quigan Corp
dep'rets
15%
dan
J
pfd
Metallurgical
Ford
10
May
12%
13
International Minerals and Chemical*—
Brewing..;;
Am
7% May
Jan
Hydro Electric—
$3.50
international
Airplane..
Fansteel
«
2,600
ft
America
International
Inst Go.
ft
ft
"alstafl
-
14%
7%
26
Camera
Fishman
Apr
37
Jan
13%
Britain
International
Pairchild
Pairchild
Fire
.200
£1
Preferred
conv
7%
13
Indianapolie P ft L 5%% preferred.100
Indiana Service 6% preferred
100
7 %
preferred
—.100
Feb
25
I
Ireland
Jan
22
High
Low
900
33
7%'
Registered
.
c.
Imperial Tobacco of Canada
Imperial
Range Since January 1
High
31
33
Shares
Industries—
International
$2.50
Sales
for Week
of Prices
dep rets regis.
Imperial Oil (Can) coupon.
Apr
56
-'<4.
V
Last
Am
16
Apr
4% Jan
'
Jan-
;.4A/.44l.:;
Zinc in
Imperial
-53ya Apr
-
Mar
14%
Pipe Line common——
-
Week's
Range
Friday
.
Low
Illinois
27
Apr
30% Apr
39 Va Feb
Jan
49%
......—1
Inc
S44444
Exchange
Sale Price
165
Apr
12% Jan
"
50% Mar
109
Electric 5%
.
Esquire
i
19% Feb
.
50
pfd—100
Bmsco Derrick & Equipment
•
Equity Corp common
.101
$3 convertible preferred——
1
preferred
Curb
" High
■■
Feb
6%
8,300
Elgin National Watch Co new com—15
Co common—......
.'.li
m
5%
Low
139
itmott
Empire District
York
New
Range Since January J,
Shares
Low
Electric Power & Light
-:4<4:4' 4
8 T O C K
Sales
for Week
Feb
Jan
14% May
4
39% Feb
6
Jan
19% May
Jan
11%
Jan
105% Mar
107%
Feb
8Vb
,.
O; vl:A f OHAMP?
THE COMMERCIAL &
JA
Monday, May* 13
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
.1
''
RANGE
FOR
MAY
WEEK ENDING
10
'
•
STOCKS
•"••.„■
■
■.
Loan Society
Ward* A
*———-—* a
Power
•
Moody Investors partic pta_—
-.*
Morris Plan Corp of America
lOo
Montreal Light Heat &
A
■ -?
Producers
States Power
Muskogee'Co common...-.—.
(A; 450
2,400
9
3%
4%
9%
4%
10
31
158%
29
20%
14%
5fl
10
Mountain
common
•
Mountain States Tel & Tel
100
Murray Ohio Mfg Co—.—I-.--——*
Muskegon Piston Ring
,2%
Mountain City Copper common
21%
10%
6,000
V
27%
20'
21%
15%
Feb
18;
2,100
14%
400
Pratt
Jan
Premier Gold
31%
—;
National Bellas Hess
.—1
National Breweries common
7%
preferred
V/a
Jan
Producers
Prosperity Co class B
160 %
Apr
Providence
31%
Apr
Public Service
;
110% Apr
25
108
000
23
Jan
25
18
Mar
23
Feb
Jan
18
Jan
>108%
Feb
preferred
Puget Sound Pulp & Timber..
Pyle-National Co common
Pyrene Manufacturing
$5 prior
.
33% May
Apr
Quebec
257a x26%
15 7b
374
3%
10%
14
18 Va
15%
16
24% Feb
Apr
10%
11
10
34
22
Apr
Jan
12%
34
Apr
17% May
18
19% : i9%
—
Feb
113
Jan
108%
112
17%
preferred
Power Co—
Feb
37a.
97a
112
8%
Jan
4%
145/a
14
14
Mar
12% Jan
Feb
106% Apr
84%
35
27% Mar
.
Jan
19
Apr
133%
1267a Mar
Jan
Radlo-Kelth-Orpbeum option warrants.
Railway & Light Securities
Voting common...
Railway & Utility Investment A
Rath Packing Co. common
—1
10
•
~*
Raytheon Manufacturing common._50o
Raymond Concrete Pile common
53 convertible vreferred
21 Vz
27% May
32
Jan
Reliance Electric & Engineering
New Jersey
11 Va
79%
72
Jan
81%
Feb
Rice
9%
10%
7%
Jan
11% Mar
54%
Feb
60
Zinc
——
Land.—
^
New Process Co common—.
14% May
May
Mar
Y
Y
&
Y
Rosar'o
Honduras
Water Service
pfd.
pfd
6%
Root Petroleum
Niagara Hudson Power common—
5</o 1st preferred.
;L
warrants
Russeks Fifth Ave
Share Corp class B com.
2%
Ryan Aeronautical Co
—.
—1
Consolidated Petroleum.—.—•
Niies-iieinent-Pond
Ryan
Nineteen Hundred Corp B
Ryergon
1
Electric..
Power common_-l
&
•
•
•
90
•
preferred
Rayon class A
North American
B
_.
common
prior preferred
American Utility Securities
Northern Central Texas Oil
6%
North
;
Northern
Northern
Natural Gas
Northrop Aircraft
Novadel-Agene
17 y8
6
Securities Corp General
Bros Inc
Seeman
Segal Lock St Hardware
4%
Ogden Corp common.
Ohio Brass Co class B common
Ohio Power 4%%
6%
34%
Jan
114%
Feb
42
12
12%
r.
14%
12%
Jan
22%
Securities.
22%
18%
Jan
(R
Semler
Saiety
S,
7/:
3%
Pacific Gas & Elec 6%
5%%
1st
1st pfd
38%
Pacific Llghcing $5 preferred
Pacific Power & Light 1% pfd
Pacific
Public
$1.30
1st
115
100
115.;
varxersourg
Corp
41%
108
117%
May
11%
Jan
26%
Jan
Jan
15
> 28
28 %
.
Feb
Mar
Apr
May
Jan
lllVa May
22
May
14
8%
8 %
~8%
40,400
11%
12%
19,300
Silex
Jan
1,400
2,100
50% x65
23%
8
.
14
May
Jan
,10%
Jan
13% Mar
Feb
20
23
,
39%
o
23
61%
Feb
Jan
x65 V May
t
May
34
Jan
Jan
76
Apr
$1.40
Telephone
preferred
48%
common
27%
A
Pennroad Ccrp common...
Penn-Dixie
Cement
16%
Pennsylvania Edison Co $5 series pfd.*
$2,80 series preferred
«
Penn
Gas
Elee
Sr
Penn
Power
venn
Trait ic
&
Penn Water
Pepperell
Periect
Circle
&
Pioneer
Guid
Pfttsbureb
Rubber
Aircraft
Manufacturing Co
84
54%
48% May
Jan
,
1(573/4
60
'Boss
Apr
9
Jan
South Coast Corp
Jan
115%
Apr
South
Penn
Ltd
E
L
fr
Jan
2,100
Apr
Apr
50
Jan
5%
16% Mar
26
183/4
300
14%
Jan
20%
Jan
Southern
Phosphate
287a
300
28
May
32%
Jan
Southern
Pipe
29
Apr
30%
Jan
Ltd
7
2774
28
;*
15%
900
23
~5%
\
~5Vb
~53/8
6,300
I
107a
10%
11'/a
Feb
(
Mar
127a
12%
13 y«.
1,900
8
6% Mar
73%
.
72%
137a /
13
'74%
:• ,137a '
1,060
650
•
■v
-
15 %
Feb
12% Mar
14"%
Jan
44
.50
2610.
% May
7% Jan
5
4,800
2
——50
Frie
page
..
•
May
47
Jan
Mar
72% Mar
78%
Feb
13
15%
Feb
Apr
,
Feb
Jan
7%
Jan.
Feb
I
Jan
iy
27 f-May
-
15% Jan;
•
Feb
108
5
Jan
Feb
12
Mar
14% Jan
S-7
Mar
Co
Line
Southland Royalty Co
Spencer Shoe Corp
Btahl-Meyer
Inc
Co
Standard Cap & Seal common
Convertible preferred
Standard Brewing
-■-1
■
10 y4
Jan
70 Ve
^ 55V4 Mar
Apr
Mar
43
31%
28
10
—10
8
—
*
*
2.78
1
10
Standard Dredging Corp common..—1
$1.60 convertible preferred..——2u
Standard Oil (KyU—I——-—18'
31%
500
162
12
162
12
10%
io%:
17%
17%
18
10%
Jan
Jan
30%
700
30% .30%
31V*
;
preferred B
25
5%% preferred series C
25
Southern New England Telephone.-lOO
28 7a
11,500
10
374
Jan
Mar
10% May
v;
6%
21
26
17%
Southern
63"%
I.
—
see
86%
Jan
11%
Apr
44
Southwest
May
18 7a
Arc Shs
RR.
Lake
common
Oil
Pa Pipe Line—
California Edison—
original preferred
Apr
74
49%
Jan
Jan
49%
6'/a May
1
1
28
10
Manufacturing common
6
113%
7%
Apr
23 Va
106
1
28 7a
Co
Si
;(
Apr
42
Feb
■
1,650
75
30 V*
'
Jan
Co
Apr
Apr
Jan
Mar
315:
.—81
1V
100
•
1
1
Corp
257a
pfd
common
Mines
footnote
Solar
Solar
Sonotone
700
2,200
107a
9%
74
common
Power 5%
Pittsburgh Metallurgical new com
For
•;
Paper Mills
Jan
250
;
>.
preferred—
(Howard)
Jan
9
Jan
'
common..
Piper Aircraft Corp com
Bess
i
Feb
Smith
21%
Apr
Mar
:i73% Mar
50
J-
--
29
Apr
46 Va
10%
583/4
new
Pitney-Bowes Inc
Pitts
■
1147a 1147a
74%
Johnson
483/4
7
175
;/;;:
75
674
7
2.50
Packing
15
4874
483/4
•(
pfd—II100
Co
Governor
Plnchin
...
8
480
75
75
Co
Pbila Electric
Pierce
com
34,100
167a
1674
Power Co.
Philadelphia Co
Pnillips
A
Co
ft
Mfg
Pharis Tire
class
Light 4%%
8 v ..; - ■87s
co
warrants
54
Jan
May
1 113%
38
6ya
1
..—100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
S Sioux City Gas & Elec Co—
24 Va Mar
Apr
;
47% Mar
convertible preferred
$3
Simplicity Pattern common
Singer Manufacturing Co
3.90%
Peninsular
common
10% Jan
16
19
r,
Simmons-Boardman Publications—
Co
Jan
169%
110
*
•
Ltd
>
:-7;.
Jan
Jan
Sherwin-Williams of Canada———•
Jans
16% Jan
Apr
130
25%
Feb
12%
;:::i5;i; May;;;
v-
Apr
15
X65
19%
Jan
5!/4
7% Mar
8
•*;
Sheller Mfg Co——————1
Bherwin-Williams common
2a
4% preferred
100
^
11%
29
v
8% May
3% May-.
10
: Jan
Mining
Breweries
Feb
7; 104 % May
100
Shawinignn Water & Power
Slck's
Feb
Jan
r
1
Mills
44% Mar
Jan
113
..:S 100
28
.
12%
Reel
«
;
30
:;*:■ 100
J
15
•
new
rtig
Plymouth
90
common
American Airways warrants...
Pantepec Oil of Venezuela Am shs_„
Parker Pen Co
-
H
42
38% May
105% Jan
800
27
28
Pan
Moro^o
,i
.
116
15
new
iv 1,800
:V
106 % 107
preferred
Paramount
44
39
107
—
Service
Page-Hersey Tubes
Patchogue
42
38%
,.,43%
preferred
17% May
11% Apr
7,300
17%
7»/a
35%
Mar
Control..——.
Denn
Shattuek
/15%
i;
Jan
25
■
■16%
227a May :
;29 Va Apr
98
—.
Beton Leather common
.Pacific Can. Co common.——
Jan
7,-
25% Mar
r
Sentinel Radio Corp common—
Sentry
.May.
28
Feb
Inc
B)
.
Apr
Allotment certificates..——.
11% Mar
14
Filters B.
United
Convertible stock
$5.50 prior stock—.
Mar
14%
—i
Distillery
v
Mar
y.,:21i Jan
sVb Jan
Febw
15
f
jan
115
—
belby Shoe Co—
Selected Industries Inc common.
Jan
52
46'A
% Mar
Feb
\ ,6
Seiberiing Rubber new common.
115% May
110% Apr
48%
Omar Inc
Overseas
Jan
38%
115
110% 111%
Nature' Gas common
Poindexter
Oliver
3%
4%
115% 116%
1st pfd
1st preferred
Oklahoma
Old
37%
115
preferred
Service 7%
Ohio Public
;
.
Jan
0 21%
——.
Jan
4«<42% Apr
■Sh- 9% ,Feb
Mar,^
110% Mar
Steel Co common
Bcullln
Jan
4'A
,
Apr
10 Va
,V
ii 38% Mar
Manufacturing—
Scranton Elec $6. pfd
May
10 %
May
6%
bcovill
1
*
j
33
Inc common..—.
(DA)
Schulte
25
:
Inc
-
Apr
13
3% Mar
Savoy Oil Co——.,-.
Schiff Co new common..
...
20
Power class A
Northern States
7
9% Mat
337a
.
7% Mar
.
United Corp common—
Samson
.
.
Feb
9%
Regis Paper common
Bait Dome Oil Co
-
:
Feb
26
Bt
1
;
y:..
7% Feb
St Lawrence Corp Ltd
.............
Class A $2 conv prel.—
50
Indiana Pub Serv 5% pfd—100
Co
Penn RR
:
-
.
8
Airlines
Northeast
North
1
& Haynes common
Mines.
North Amer Light
Class
10
•
Rotary Electric Steel Co
Royalite Oil Co Ltd
2d
preferred
Class B optional
$8
100
Ltd—>
Am dep rets for ord reg_________£i
Rome Cable Corp common
8
Ronson Art MetalWorkS———.-—......8
Roosevelt Field
—... ft
shares
N Y State Electric & Gas $5.10
Noma
—1
Radiator
Grande Valley Gas Co v t {^^.1
Rolls Royce
N Y Shipbuilding Corp—
Nipissing
...5
•
Roeser & Pendleton
_
Merchandise
Niagara
;
Rochester Gas & Elec 4% pfd F
Inc—..
warrants.—.
City Omnibus
N
N
■'
Richmond
•
—
Dry Goods
Richfield Oil Corp. warranta
Stix
Co common.
N
5%
Co
Reed Roller Bit
Rio
V."
Y
4
x26% May
27%
Founders
May
Apr
Quaker Oats common.
23% Mar
333/4
New Idea inc common———
N
Apr
111
Jan
13
Auction
114
-
May
17 Vi
14%
N Y
May
Apr
48
10%
Arizona
110
Mar:
15%
1,400
-130%
&
Jan
10
13
Mexico
10%
1st preferred
130
New
Apr
7%
>'.■
S7
i
•
& Tel:!
100
Clock & Watch Co..——*
Haven
Feb
Apr
1'06% Jan
22
preferred
England Tel
$2
97a
101 % 103%
New
9
100
*
30
80
Power Associates—
New
'
Jan
3 a
187a
Apr
Colorado—
of
75
preferred
6%
9 ;r..
Gas
20%
'9 33
X26%
common
Mur Co ciasp A
New England
13% Mar
18%
—
Feb
1st preferred
21% ;
Meter
Nestle Le
11,100
1,200
2%
of Nevada
76
33%
Corp
(Herman)
Neptune
Apr
15%
Nebraska Power 1% preferred—.
Nelson
20%
•
Radio
Union
33 7
ii
41%
157a
National Transit.—;..—-———-—
National Tunnel & Mines common.
National
Jan
May
•
Puget Sound Power & Light—
mtm 31%
73/a : 78:
477a
Ltd:
Car
National Steel
1,000
Apr
37a
8%
21% May
'■■nv- Jan
95
16
America.
Apr
Corp
60
Apr
Jan
29 •:
Maoumeiy
RuDber
of
Metals
Jan
10
2iJo
common.
10%
"
..50c
Lines common
_•
National Fuel Gas—;
""I_ii
National Mfg & Stores common—.
—2
National Pressure Cooker—.—
:
National
200
17,800
95
44Vi Apr
City
National
■
Inc
32 Va
■
common
12 % Mar
60
Pressed
i
Nachman ~Corp>
17% Mar
200
Mining
Feb
5%
;
May
7% Mar
>
3,800
Co
& Lambert
Prentice-Hall
Mar
14
2,000
-
Jan
20
Feb
Jan
10%
Jan
250
preferred——^0
23%
25"% Mar
"500
.
8% wlsk
50
Apr
144%
30
29
Powdrell A
^
Jan
Low
6%
1,700
10
common
25o
Alexander new com—2.50;
of Canada com.———*
Power Corp
i
Apr
28'/4
450
158% 158 %
Feb
Range Since January 1
High
Polaris Mining Co
Apr
8% Mar
2,600
•
31%
31
Scale
Apr
20% May
3Va
,
14%
.
Jan
:8.;v; Feb
Jan
6
Jan
-,45
^
Pneumatic
Shares
Pleasant Valley Wine Co.
Feb
205%
Jan
4
197
Apr.
10%
,
Jan
11%
1,100
310
"8%
9
7%
1,900
13
205 %
.
20%
21%
2,300
:
for Week
Low
20%
.37
Jan
Sales
Range
of Prices
Sale Price
High
Jan
15
10,400
4%
4%
205
1
20.
,150
,
•
10%
1274
13
com—5
Montgomery
Mountain
9%
9%
4%
—J
A
Dakota Utilities new
Montana
337a . 33%
15%, 16%,
^33%
Missouri-Public Servi-a common—•
Molybuenum Corp
J
Monogram Pictures common.^
Low
V
Week's
Friday
Last
Range Since January 1
Shares
High
Low
-
Curb Exchange
York
New
for Week
£ of Prices
Sale Price
Par
Sales
5
Range
Last
■
Monroe
Week's
..Friday
;
Exchange
York Curb
New
/
;r.^.-rS-TOCKS
Apr
'i-32%
Feb
29% Mar
31 Va
Jan
Feb
51
'
10
100
100
150
11
May
162
Jan
Jan
145/a
Febr-
Feb
137s
9% Mar
Feb
9y8
Feb
12
7%
jan
May
Jan
18
14%
10% ■•=•11
1,100
1,500
12
200
900
2®/4 Mar
3%
Feb
34%
Feb
457a
Apr
35%
Feb
457a
Apr
Feb
11%
V
2%
■38
2%
41
41
38%
rt-6% :• 6%
8,300
1,600
2,200
6
24%
Feb
16
8%
Jan
Jan
.
m
27 Va
Feb
29
Apr
"
28%
*
I",27%
28%
1,400
94 V.
Neb
•.
THE COMMERCIAL & FINANCIAL' CHRONICLE
Number 4489
Volume
EXCHANGE
NEW YORK CURB
FOR WEEK ENDING MAY 10
RANGE
Week's
-i
Friday
7*777 g T oc K S
New York Curb Exchange
i
4%
Standard Tube class
Starrett (The)
B
-
Steel Co of Canada....
Stein
•;
Stroock
Corp
160
May
7% Jan
2,700
1,100
1.000
24
28 Vt
29
7%
7%
V
V,
;
8
16 Ve
21
"
,
5s
series
Feb
Boston
y
Edison
2%s
Jan
47%
Apr
<
48
deb
Conv
5s
Called bonds
32
Jan
Mar
Jan
Debenture
5s.
28
Jan
61% May
Debenture
5s
875
26
Mar
34% Jan
1.225
14
Mar
26 %
7,
28%
26%
r
24%
Technicolor Ino common.....
Roofing Inc
Tishman Realty ft Construction
Tobacco & Allied Stocks—
Jan
Apr
Product
122
Feb
10% Apr
23
17% Mar
24
Jan
40%
600
37
Mar
43
Feb
25%
2.100
16
Jan
26
Apr
Finland Residential Mtge
5s stamped
—
16%
30O
24.900
V,
15% Jan
"7% "7%
19%
Amer
71%
Jan
AGeneral
9% Jan
,
Apr
108
-Jan
42
74%
71%'
,
40
105%
$130
Rayon Co 6s
$
J-D ;
J-J
1948
West 6s——.—1958
$62%
101%
.7
*
v
.
.
60 Va
62
107 Va
109%
105%
lOlVa l02Va
"
104%
„
74
'
71:
74
5s
Service
Indiana
*
7: 105
—
'
F-A
103=8 103%
$105% 105%
103% 103%
104% 105%
M-Zf
;:106% 106%
J 105% 108%
103%
:
.
.1958
J-D
$46
48
43
48
50
F-A
C
series
A6%8
1957
Debenture ,6s———.—.1952
J-J
■
Union Stk Yds of Omaha.
1970
United Molasses Co Ltd—
rots ord regis————
160
United Profit Sharing—.—.——25o
16% preferred
16
United Shoe Machinery common.
New
New Eng Gas ft
5s
Preferred
U
'
•
England
Rubber Reclaiming—
:
Universal Consolidated Oil—...
Universal Insurance
Universal Products Co.
r
sugar—.
Utility Equities common
—
85.56 priority stock———
Manufacturing
1
y.:
WagDcr Baking voting trust ctfs ext..•
7%
preferred
100
Waltt 8s Bond class A
:Class B—
Warner
Aircraft
—
Corp
Mslis
...
——8
Westmoreland Coal
Weyenberg Shoe Mfg
145
1:'.
41
•
25
33%
30%
23%
12%
25
Winnipeg Eleo common w
•
Wisconsin P 8s L 4%% pfd.———100
,
Woodley Petroleum
:
■,
%
Woolworth (F W) Ltd—
American deposit receipts—Bs
6%
preference
£1
Wright Hargreaves Ltd
footnote
see
page
2610.
http://fraser.stlouisfed.org/
)
Federal Reserve Bank of St. Louis
9%
:
34
200
■
J-J
13
.
14 7,
'
7
,,
m
7
■'
mm
■
15%
15%
4%
4%
'
15,300
7
Feb
4% May
California
29
7
{v
-
'
10
105%
1
: 101%
171 %
10
171
7
126
126
Jan
7;
'
6%
Feb 7
Feb
105%
107
104%
108 Va
125
126
.
t1DQ
103
:■■■
103
'
1970
A-O
J-J
J-J
114%
114% 114%
1970
F-A
108%
98%
107
101%
108%
105%
$09
7
100% 100%
■i 107 Vb 107 Va 7;
$106% 107
108% 108%
^
2%s
105 7
107%
108% 116.
$107
'■
?•'
108%: 108%
4
M-N
A-O
J-J
440%
$40%
43%
104
43%
A-O
" 71
;
104% 104%
$82
.87
J-J
.1949
J-D
i
$107%
'.v")
96
40%^ 48
V40V4
'-
48
;
•
105 Va
'
6
A-O
104% 105
f-a :
107 Vb 107%
S3
M-n
114% 114% ^
v
-
-2
110
106
107% 109%
■./
•
•
107%
103%
'
-1
v:
1 '
105% :
,
107 Va
106% 106%:
>•>
,78
:
■
.1968
3%s.
—1959
United Light ft Railways (Maine)—
%
6s series A—.—1952
Utah Power ft Light Co—
^
Debenture 6s series A———.—.2022
-114
116
Waldorf-Astoria Hotel—
A 5s
income
—.—...1954
debs
Wash Water Power 3%s—
West
■
104
.172%
(Calif)—
Southwestern Gas & Elec 3%s
Edison
107%
167
'
1971
1994
3%s
Gas
Gas
-•
1Q1 ' 103
105% 106%
,
1C5%105%
—M
M-S
United
17% Mar
*
J-D
J-D
Electric N J 4s.
United Light ft Power Co—
1st lien ft cons 5%s__.—
"'
,
Apr
77 12% Mar
'17% May
110
112
Apr
Apr
77
77 78% Jan 77;::/ -11% Jan .77
13
17% Jan
Apr: 7
16
10% Feb.
Apr
15% May
42
;5
102 Vb 102 Vb
105%
A-O
Toledo
33% May
200
■-V
""
~4%
113
jr-s
West Penn Electric
'
108
106%
106 Va 106%
J-D
1951
6s
Feb
;
.
33
900
7106%
';
Jan
Mar
-
Jan
1,800
'
Apr
■7. •: 55
7
Feb
40% Apr
49
1
22
.1952
Lt ft Pwr 6s 3
Counties
:
:
'
,
108
107 "2 107%
10514 105%
Southern
V 108
105%
$106% 107%
Estate
107%
104
•
-
101'/a 101 Va
101 Va
M-S
M-N
24%
155
104
:
-
,
J-D
Real
106 Va
106 Va 10614
•,
*;(
4
—
~
108%
103 7, 106%
81
91
-
106
$106 Va
4;
'sv
20
16% Apr 7
Y-
18
100
\
,95
$lf4
108
104%
6
104 % 105
7
1' 7777
.yij
46%
107
s:
103
$89
w-77Vv:
104^
V
J-J
.1989
Spalding (A G) 5s—,~
.1950
AStarrett Corp inc 5s.
Stlnnes (Hugo) C'orp—
A7-4S 3d stamped..
...•— ... .1948
Stlnnes (Hugo) Industries—
.1948
A7-4s 2nd stamped
Feb
9,800.
15
14
.
Apr
21% Apr
-
■
,
4
;
Apr
175
"
9%
13%
115
20
'mm
14%
■Y
Apr '
103
103%
106
2
•
:
A-O
1st mtge 3s
Southern Indiana Ry
May
>
900
17%
:
'
Wolverine Portland Cement——.10
Woodall Industries Inc
2
For
100
33%
24%
17, v7
Feb
200
225
--
7
108
104% 104%
'4-
,
F-A
of New Jersey—
Southern
'
10% Jan
12% Mar
140
.
:
108
•:
105%
__
107% 107%
-
-
1979
ASchulte
724% Apr
7
Jan
70
Jan
112% Mar
475
•
25%
•
^
25%
Willson Products Inc————l
—
F-A
Scullin Steel Ino mtge 3s———.1951
Southern California Edison 3s
1965
' 7,
7, •' .'.
■ '
—
series.,A——1952
Ban Joaquin
'
.7
33% Feb
39% May
22% Apr
16% Feb
^m
c
>7
;
-
Jan
102%
*
Safe Harbor Water 4%s—
May
■ Jan
10% Mar
7
,
8% Jan
120
•'
19%
40%:
May
5% Feb\
49
2,300
■77
22%:
19%
:7 40%
20,.
-
^':',"'30
Y7 6% May
7
15%
mm''-- ">f
.
1.600
145
.Feb
7 6% Feb
300
.•
io
-
2,100j
-
22 y2
:
■'
30
200
39 Va
mm'
—I
40
114
2,900
.777'
7
:rv" 4—4;
•••-
39%
i
Whitman1 (Wm & Co..
--
'
*7 2,900 7 t
:
7
10%
14%
15%
mm'
.10
Wichita River Oil Corp
Williams <R C) ft Co
64
9%
'mm
—.—J20
Westmoreland
6%
7
Stationery ooni—*
7%
6%
6%
9% Feb
/
Feb
19%
750
21%
63
10%
Western Maryland Ry 7% 1st pfd—100
Western Tablet ft
7%
5%
mrn:)
.
35%
20
20%
7 5%7
6%
Wayne Knitting
Wentworth Manufacturing —lja
West Texas Utilities $6 preferred——*
West Va Coal & Coke
-7;'
■
—l
—
6% Jan
7 113% Mar
15.400
I*-'
33%
.35%
7
600
40
■f-:'
—•
.
Co..—
Ward Baking Co warrants
7
34
40
•
Waltham Watch
6%
'"'mm'' 4"''
100-% 105
17
-
f
F-A
1950
1959
perpetual certificates
Queens Borough Gas ft Electric—
5%s
2
12
•
106% 107%
$45%
'^^7.7 .f*-
; .' v Y1
J-J
6%
'
■'; ■'
A-O
1972
3%s
1964
Sinking fund deb 4s—,.—1949
Service
.
; $107
;7'7;r
Y
A-O
1970
Public
7-
101%
7
33
.
;
105
98% 101%
99'
101%
107 Vs 108%
26
r!
'
115
'
987/b
8
v
100% 101
101%
-107% 107%
j-j
M-N
1st mtge
4
'.1H
105
101% J 101% 101 Va
104
i.'i 103
104
-
tewy
M-N
Public Service Co of Colorado—
Venezuela Syndicate Inc——.——_20c
-
mm—,
108%
107%
106
-
101
y
A-O
J-D
stamped extended
Power Corp (Can) 4%s B
Waco Aircraft
u-N
1977
5s
Vogt
101
:
1
-'7^,
100% 101
:
100%
M-N
1979
5s
3%s
convertlole preferred
8
Petroleum
—1
:
78
106
1
'
;
J-J
Philadelphia Elec Power 5%s
Portland Gas ft Coke Co~*
$4
M-S
7 J-D7$S
70
17
107
$105%
Pennsylvania Water ft Power 3%s_1964
Venezuelan
107-
'7
J-J
—2004
4^
Powei ft Light 5s^———1955
Park Lexington 1st mtge 3s
1964
1st
105% 100 7/a
io2%^o^v
71
$112% 114.
„M-N
Pacific
;
Penn
UL-S
5s
Western Newspaper Union—
6s conv s f debentures
1964
J-D
—..2030
5s
Traction
'
: lllVa
109
8-
103%;
M-S
—1964
1948
Ohio Power 1st mtge 3V«s——1968
1st mtge 3s—.1971
Ohio Public Service 4s—————.1962
:
107
114% 115% :
Li
:
106 Ve 106%
"7
'
1954
Penn Central Lt & Pwr 4%s
Utah Power & Light common—
55%
104%
~
:
__
116
70
M-S
—1981
1948
North Continental Utility Corp—
A5%s series A (part paid).
United Wallpaper, Inc.
.103%
—7'-7;:
71
J-D
1947
3 %s~
Power
N Y & Westchester Ltg
United Stores common.
Utah-Idaho
El Assn 5s
N Y State Eleo ft Gas 3%s_
0 Radiator common—.
U s
New
;7v''
A-O
5s. .—.^—.1948
Ghas
New England Power Assn 5s
Debenture 5%s
.*
1st preferred with warrants.
deb
Conv
9
Graphite common...—
U 8 and International Securities
S
F-A
1963
1967
1981
—1948
58—....—.—,..1950
'
United Specialties common——1
U 3 Foil Co class B
1
$5
Amsterdam
$113
8
,."$109% 110%
r 105% 105%.
.,
lOlVa
47%
t
6s ..series:. A...—. ......,..,.,^—2022..
United NJ RR 8s Canal
$104%
-
.
163%
95V4
101 %
lv 49
104% 104%
/ ' mm'-til
!';
M-S
4%sJ^.«i—195&.
Midland Valley RR—
Extended at 4% to
Milwaukee Gas Light 4%s
Nebraska Power 4%s
Amer dep
$42
J-J
McCord Corp deb>
,
60.r|
100%
103 Vb
101
■■
;
J-J
United Light ft Railways
preferred.
:7;
J-D
Kentucky Utilities 4s
United Milk Products....
65
;-4Q%-:;
56
47%
47
JkT-8
1969
common
46%
46%
102
7-7 101 Va-
J-J
Kansas Power ft Light 3%s—
"
United Corp warrants..
United Elastlo Corp....
,
102
J-J
6s——.—1969
Jersey Cent Pow ft Lt 3%s
1965
Kansas Electric Power 3%s__
1966
Kansas Gas ft Electric 6s—....—.2022
Aircraft Products
United Chemicals
..
47
Interstate Power 5s
Union Investment Co.
U
467/8
55
(Aug 1941 coupon)——.1957.
Altallan Superpower
65
47%. '59%
v
'>
JS
Unexcelled Manufacturing Co.
Union Gar of ,Canada__.
105
102% 106
102% 102%
102%
J-J
——1970
(International Power Sec—
/
105% 106 vi
,'
..
$106
MS
1963
Indianapolis P & L 3%s
14% Jan
17% Jan
A-O
1950
1st lien & ref 5s
Feb
Feb
$106
<
■
1st ft ref 5%s series B——1957
Corp.
83 participating
!
107
..
101% 101%:
A-O
,r--'A7s series F——————.1952
•A7s (July 1941 coupon)——1952
Gas Corp
v
92.
104%
109%
$107 %
$104%
J-J
6s series B——Jan 1949 7
Illinois Power Co—
^
Cdylite Corp—.
United
'
.76
80%
$104% 104%
J-D
May
5%
10% Mar
15% F eb
;
A
1953
Feb
30
Jan
ser
Hygrade Food 69 ser A—..—..Jan 1949
9% Feb
68
Feb
:
A-O
J-D
A7s
United
107
,128% 130
__
80%
(Dec 1 1941 coup)
1958
A7s series E———..u—.1957
Realization
81'V^
49 %i
39%
106
A6%8
Ulen
108%
120% 126
Mar
4%
>
3% Jan
20
1
—•
—1956
1963
112% May
116% Jan
113% Apr
3
Apr
6% Jan
Inc..
"
40
Grocery Store Prod 6s
3% Feb
142
Jan
Tri-ContinentaV warrants.
Tung-Sol Lamp Works
80o convertible preferred—
-
105
106
Green Mountain Pow 3%.
Guantanamo ft
100
16
Transwestern Oil Co
/
1
Bank—
—1961'
.Grand Trunk West 4s——1950
14% Feb
Jan
2%
;
*
160
166 :
1
1
3
107%
',71%
3%s A———1969
Gatlneau Power
.
7% preferred
Tonopah Mining of Nevada
Trans Lux Corp
Truns
Feb
7
900
14%
•
110
102 iY
Jan
64% Apr
:
Tobacco Security
Amer dep rets
Todd Shipyard# Corp—...—
Toledo Edison 6% preferred—
109%
107
105%
5
1st mtge ,4s ser B.————1993 :■
Eastern Gas & Fuel 3%s
.1965
16
*
Exports.—
Trust Co Ltd—
ord regis
dep recs del reg
105%
105%
$107
;a05% 105%
'7, 1st mtge 4s ser A.—...—.1993 ';
Apr
*
Tobacco
106%
107%
102
Lackawanna of N J Division—
37
Elmira Water Lt & RR 5s
,
104 %
105%
120% 120%
29
24%
1
1
102 sY 102 A
104% 105%
..1954
21%
—0
Shovel Co common
Tilo
mtge 4%s
39
Textron Ino ———————50o
Thew
102
(Bait City)—
Feb
*1.100
15%
10%
*
104%
(Bait)—
32% Mar
8% Mar
103
103%
'
105
...
.1969
6.900
26%
103
73
104 %. 106%
107% 107%:
—
23
117%
Texas Power & Light 7% pfd.
160
Texon Oil ft Land Co..——2
103%
109%
66
67%
66
,
108
82
101 % 104
66%
119%
80%
.$105
1.100
36
117
-
Delaware Lackawanna & "Western RR—
10% Jan
7 8%, Mar
1,900
9%
9
103
series N
..—1971 £
1st ref mtge 3s ser P——1969
1st ref mtge 2%a ser Q_.
.1978
:
117
100% 102%
100%
3%s
May
Gen
35
108%
—..—1958 7
Consolidated Gas
Taggart Corp common.
Tampa Electric Co common..
115
105
.1950
X38
17
110%
106%
—Jan 1966
—
5s
700
27
108%
106
-
Service
1.350
23
108-
113
Cities
4.750
Common
104%,
105%
106
114%
197Q >;
Consol Gas El Lt & Pr
Swan Pinch Oil Corp.
..
117
Feb
39%
Cement, Inc—
103%
108% 108%
Apr :
Jan
44
f
124
101%
$112
8%
3%
122%
35'
15
-.'i
1962
25
2% May
111%
i960
38
,
US
1957
,
17%
100
,
7
104%
109%
123
104% 104%
1106
107%
-
-
101%
1
102% 103
•
;
..
High
:-4
111
f121
A-O
102%
Range Since
January 1
Sold
..
102% 103
Ill
—
M-S
1964
Bonds
Friday's
Low
102%
7
—1953
—1958
C
41
38%
59
2024
or
Bid & Asked
High
J-J
Jan
7
,
Low
J-D '
.1970
1st M 5s series
f:-46.77 61%
43%
ioai
,
3%s
Sale Price
4
Par-
18% Mar
5,600
650
2%
2%
Apr
Pow
Bickford's Inc 6%s
Apr
10
Elec
Last
Period
IA Central States Electric 5s——1948
A5%8
.1954 7
S A Chicago Rys 5s ctfs (part paid >.1927
4,400
..17.'
19%
r
Interest
j
11% Mar
200
7%
7%
16 Va
'*
Bell Telephone of Canada— 7Y-77
,
May
31
Writing Paper fin
Elec 4%s
Assoc T ft T deb 5%s A
Atlantic City Eleo 3%s
Apr
33
49%
Jan
18
Jan
7% Mar
200
,
.
20
*
..
67
v
30% May
48
vi.
Associated
80% May
Jan
29
33
7.
Appalachian Pow deb 8s.—
^
Jan
A14% Feb
72% Jan:
'XT'
mm
:';7
Jan
9%
6
46%
r
Jan
23% Jan
.17% May
.
.30%
...————*
Co_———...—....—1
Superior Portland
Feb
138
60
600
'•'V--1'""
(S) 8c Co common—-.„
Sunbeam
Appalachian
31
common—
Sterling Aluminum Products..—.
Sterling Brewers Inc
Sterling Engine Co———1
Sterling Ino...———
1
Stetson (J B) Co common.—..——-•
Btlnnes (Hugo) Corp.
•
Sun Ray Drug
Amer
7
47
;
common
6% Jan
3% Jan
2.500
10%
(A) & Co common—
New
Sterchl Bros Stores
.3% Jan
'
;
"i.y-
>
77''*7:7 7 A 4444-A-
1.400
19
9%
High
'v >
Week's Range
Friday
New York Curb, Exchango
'
A'V 47;v?:7;•••'"
9.900
.
7 6 -7%
•
Corp-~~.-,,
17%
v :
-18%
-7%.
10%
Range Since January 1
,
Low
152
148
152
Preferred
Standard Products Co_
-
Shares
4%4%
4% > 5%
Common clasB B
":Y7Y'77777; BONDS
for .Week
High
Low
Standard Power & Light
Sales
-
Range
of Prices
Last
Sale Price
A-O
...
.I960
J-D
.....1959
F-A
85
110
88%
110
—
72%
91%
♦-107%
110%
20
108
126
126
$105% 106
4;
108%
122 i
$108%
120
101% 106%
'
THE COMMERCIAL, ft; FINANCIAL CHRONICLE
Monday, May 13, 1946
NEW YORK CURB: EXCHANGE
VX, X
X:VXVX;;V
RANGE FOR WEEK ENDING MAY 10
> i1 .in iwi bh m wmm www
,yXvXxXB onds :v
Foreign Governments & Municipalities
l
BONDS
•,
:
:
'
\
Last
low
X
Low
High
$81%
$81%
$27
ALlma
6%s stamped_1958
City (Peru)
23
•v..-..
7s
$42
Mortgage Bank of Bogota—»
A7s (issue of May 1927)—
A7s (issue of Oct. 1927)-
X919
1921
—
value. <*pefen$d.d^
d Ex-lnteresti.
36
50%
1—1931
,
$51%
$51%
$29
'
51%
y.'if
-
50%
23%
used above—-"cue,"
oi
oerunwuetj
Arundel Corporation
'
•
—~.»-100;
Preferred v t c
Week's
Low
■
;.
,
✓
.
.XV;
;.
{'•
"
t7
'
-
-
■
'.X
10
'53%
*53%
28%
10%
-
v r
46
60
...
-v
.
>
60
1%
9%
9%
30
Pacific
55
May
Pennsylvania RR
Quincy Mining Co
52% Mar
60
Low
129% 131
130
400 .127
2,550
750
1%
11
133% Jan
Jan
2% Feb
3
Jan
42% May
39% May
115
Recce
Mills
♦
16
Apr
X
47%
Apr
'
43%
..—SO '
—.
25
"
Button. Hole Mach.—.
"
42%
43%
222
41%
39%
41%
1,357
5%
*;■ 3%
5%
3,358
47% Feb
6% Feb
3% Jan "
-W
common
new
15%
15%
15
-14% Mar X
Stone fit Webster Inc.-.....,.
*
22%
20%
22%
425
18%
10
Torrington Co
•
44
43
44
340
39
5 '
48
46%
48
550
38%
Jan
32%
35%
Jan "
Union
Mt
Amsterdam
New
.»
.
.
.
United Drug Inc—1_
United
1.30 Mar
6%
.
.V.'..
—5
—,
•
Fruit Co...—..——,
United Shoe Mach
—
,
-
144%
81
—25
U S Rubber
Apr
U S Smelting Ref
45
Mar
1978
5s series A—,—---—:———^__i~.1975
Mt Vernon-Woodbury Mills Inc—
20-yr debs
'
(subordinated)——
Week's^
Friday
Range
*
preferred 1—
Tel A Tel
7%
Woolen
—100
50
—.
—.*•
v
lnc
Son
——
Low
35
38% Mar
315
19% Mar
58%
Herald
155
155
51%
56%
45%
46%
155
May
185%
Feb
30%
2,281
775
Jan
453
'
—
155
10
192% 193%
55
60
43% Jan
Feb
Corp
x
1
& Maine RR—
Boston
v
t-
r
"
class D 1st pfd stamped——100
Personal Prop Trust
•
10%
Boston
72%
70%
72
.
Feb
18
Jan
19%
20%
302
34%
1,074
V
Apr
150
Apr
49% Jan
91
100
100
prior preferred
preferred—
Eastern Mass Street Ry—
8%
1st preferred series A
preferred class B
5%
pfd adjustment—
6%
100
100
100
LOW
Hiah
Low
15% Apr
20% Jan
13% Jan
.
14% Feb
■ =
Service
Public
.
pfd
100
capital——100
& Co
common
—
Washer
;
SS
Lines
Inc
-
X
-
8
common
Barlow 6s Seellg class A com.—
Bastian-Blessmg Co common
Belden Mfg Co common
Brewing Corp
5%
16%
Binka
15%
6%
■
134
194% May
;
Public
Borg w(George W) Corp_._—V.
Brach St Sons (E J) capitaL.
Brown Fence
34
25
19%
25
20
Jan
73
47
76
5%
? i
19% Feb ;X
,
.
500
6%
Apr
1,000
11
16% May
7% Feb
Jan
Mat
9%
Jan
j:
8 % Jan
14% Feb
X-
20%
20%
42%
200
19% Jan
34% Jan
25
550
22
13%
13%.
1,940
12% Mar
17%
25
1,450
20%
27%
9%
19
10
.
148
12% X
12%
231
36%
;
37
100
14%
103
132
99
Jan
&. Wire class A
pfd
——i—
-
Common'...
X Bruce CO (E L> common.—
Jan
20
,
.
.1
17
21% Jan
43
Apr
26%
Mar
Jan
Jan
1,000
62%
850
40% Mar
30
31
150
29
Feb
22
15% Jan
17%
53%
•
13% ? 16
,_1
5'
46
43
90
175
70
Feb
Butler
May
Brothers
i,'
.500
35
^
115
20%
21%
-
41
/
.
W
Prior: lien'
-.
Preferred;
')
Jan
38%
38%
44
44%
18%
1,428
55
■
v.-
Dtil
common—;
preferredTl
-
u
16%
J^n
Jan
27%
??
37
May
Mar
Burrell
Corp
i;
-
10%
4,500
5% Feb
Jan
' 21
.
25
Feb
Jan
15
May
20
115
Feb
124%
2,660
184
Jan
203
^
j' *■ •
Feb
May
.}■'* s-.,
common
Chicago Corp common
750
Jan
113
Feb
3% Mar
200
50c
SO'/a Apr
33% Jan
xl07
210
.—..a....*
..aX'/XXiV
;
•
»-tJ-'I• %,;'
Cherry
Apr
40
X
Apr
25% Jan
1,200
Jan
30%
45
Jan
'•;22'
1.900
Central Illinois Pub Serv $6 pfd
•
Central 111 Secur Corp common.——UlConvertible preferred
—w
••
f
103% Feb
v'.,55'
*
10%
-500
.10
16
46% Apr
Mar
39
400
;
—
\
75,750.
Convertible preferred
300
.
-
17% May
24:
Jan
V 8%
225
5
Mar
13
510.
♦
—
Feb
20
59
'j
-
.'May-:
12% May
65% May
Jan
'
Filene's
First
(Wm)
Sons
National
Co——
62%
Stores
100
"
64%;
■
417
'•
35
■
'
Jan
^Chicago: Elec Mfg class A pfd.—
Chicago Towel Co conv pfd'
Common capital
44'% May
65% Apr
.64%: Jan
27Va
•
,,
—
General
Electric
44%
—
Gillette Safety Razor Co
v
46%
36%
40
-
1,606
44%
PebJl
X 51%
V.:•fV'V'tXl.i:,
Feb
42% Apr
22% Jan
970
;
Chrysler
Hathaway Bakeries class B
Me Royale Copper
|
3
3%
—
3 %.
3%,
1% Jan
2,200
V
500
V
3
V' 4% Feb
Jan
3%
[%
Apr
Club Aluminum Uten
Coleman
i.
Commonwealth Edison common
Kennecott
Copper
Lamson Corp
(Del)
56%' 57%
;
6% pfd-
47%
Jan
XX
46
Jan
•X
11%
Jan
XX
489
48
47%.
20
75
60% Apr
48
5%
12
12
48%
48%
76
78
27
29 V«
20%
,
preferred
21%
140
X
*
Mergenthaler Linotype
Mar
-
Consolidated
Narragansett Rac'g Assn
Nash-Kelvinator
National
8ervice
Inc_.
Cos
England Gas & Elec Assn5%% preferred
New
*
For
footnote
see
page
2618.
14% Mar
XX
v;.*.
'
'
Biscuit
X
200
35%
18%
19
47%.
280,
X"r'X
Jan
X-'
79%
Apr
Xx
Curtis
30
Apr
XX
Decker
25%
Jan
XX
Common
•
.
-
V 18% Feb
31% Feb?:
36
Apr
25
' Jan
*
30
part- shs vtc class B
17
v' 71
360
17
"
V'X
:V
Jan
311" X 20% May
1,250: *
1
Jan
1
Mar
X
1%. Jan
'
^
Deere
Lighting
(Alf)
&
Co
&
125
258
76
Jan
132
Mar--
X;
Cohn
90
..30
Corp
—_r*
9%
2%]
Inc com..—ZlOX
common.
Dodge Mfg Corp common new
Doehler-Jarvis
123
Inc common—
.24
Domestic Industries Inc class A—i
24
50
.*
10
.-5
14%
V' 30
VX
9%
-•
50 X;
15%
30%
5% : 6
;
50'
50-
.
V. 100
1,100
—
200
2,150
-Apr
25%
Feb
30
■" Feb
20
I
•
10
Jan
37%, May
Feb
20
250-
44*
2,700
26%
V: 7% Jan
ilOO;
21
35%
common.—. 1
Co—
Jan
.140
120% Mar
200
400i
13V4.
:,20%
25
Common partic shares vtc class A—*
56%
48% May
13.
:
I 37%
37
'
Consumers
Maine Central RR common.—.
32 *
May
95% Muy
79V Jan*'
;-X',0>XV ■?••• V-* ♦' v
.
5
\
120
Jan
115
60
95%
v
27% Feb
•-
160
128% ,128
5
,10
Co common
(The) Co Inc
94%
"y,.
r
Corp common—.—
Cities Service Co common—
50
27%..
117% 120
X Jan
Jan
'
,V 9-X Jan
; ;.23m
.Jan
47% May
May
30
:XX 12% • Feo
:: V 26%
46%
Feb
Apr
16
"*
**
>
Jan*
Feb
31%
Apr
8%
Feb
*
5%
Jan
Feb
50
12
28 % Mar
t
Feo
May
33%
Feb
Feb
44%
X
62% May
<
Apr
9% Jan"
900
XV
Burd Piston Ring common——.—.^.1
Burton-Dixie Corp :
12%
Jan
135.
1
Feb
22
,
Apr
42%
Service.
12% Jan
15
.
.
41%
24
•
1
Jan
'
Engineers
Feb
125% May
700
6%
X 10%
10
Mfg Co capltal—.—1
Jan
135
21%
Feb
185% Feb
4,900
2,550
5%X
15%
\'.X
Jan
40%
common.
25
20
193%
X 14%
.—5 *
.
Central States Power & Light pref
Eastern
Mar
19
Feb
200
125% 126
193
-1.
Athey Products capital—~~—~~~.~.4 *
J l
21
111% 111%
Employers Group Assoc
19%
10% Jan
23
87
?
-
350
22%
102
—
High
,
T7%'JanX:
lOo
19%
1,250
90
12%
111%
'
19%
15 %
23%
63
34%
135
'
Range Since Tannery 1
12%
16%
19%
—- v-
'
;
22%
CentrAl S
6%
X
X
Jan
73
-
Shares
11%
16
|-:'-i8XX'
'
—
Sales
•
•
16%
:^V
-
•
Aviation Corp (Delaware).
Fuel Associates—
8s
Feb
*
125
15%
15%
-Week's
of Prices
Castle & Co (A M) common...^.~..JLO
Gas
20%
39% Jan
KRangev#fbrWoekX^E^-;^?^^^#HF3»^v
Aetna Ball Bearing common——
16
,v
X;;V;XV
4%%
£
155% Apr
9% Mar
Automatic
Jan
20%
27
15%
Copper. Range Co~~—
Eastern
May,
86
1
32% Mar *
800
Armour
85
May
43% Jan
Feb
594
•
^'
10
Cities Service
Jan
11
"
May
25
Jan
33
& Hecla,————————5
Calumet
151
15%
Berghoff
Boston to Providence RR-.-~.~-—100
33
*
33
1
common
American Tel & Tel Co
*'v
100
5% class A; 1st pfd————100
Stamped
—
—_100
8% class B 1st pfd stamped
100
7% class c 1st pfd stamped
100
154
10%
American
Feb
51% Feb
Mar
80'
100
•
prior preferred
7%
May
154
.
Apr
153
Mar
23
Ry
Traveler Corp
--
5
Corp
Allied Laboratories common
May
195%
143% Jan
136
Vi
'
.
86
600
AdmuruA
.
—
Elevated
*
67% Apr
40
Advanced Alum Castings
45% May
51%
44
Boston
60
86
xv,;
^
Mfg common—.
High
45%
Edison
Boston
69%
86
^Apr
85
'
Albany RR
Boston &
Boston
69%
4 i
—
Inc~
-
Adams* (J D)
X Range Since January 1
Shares
Blgelow-Sanford. Carpet 6% pfd——100
Hi
Apr'X?
'
64% Mar
20
..12%
System
Asbestos Mfg Co mmmnn
Bird
Apr1-#
49
May X §
X 79% May?'31
V 83% Feb
46% Jan
Last
45%
193%
-
Anaconda Copper
70
82
Friday
49%
—
—
•—
..
—
Jan
'
49
76%
—
f
82
48
Sale Price
High
Low
100
American
—100
Sales
for Week
of Prices
Par
American
50
Min
&
Exchange
Last
)Z
Chemical Co_.
j
38%
~-
Sale Price
Sugar Refining—
78%
May
153%
Jan
550
May
48
—
*
American
25%
! 110%
44
—
Boston Stock
American Agri
50
preferred
Westinghouse Electric
Baltunore Transii co
4&
com.
Waldorf
J
,
5%
Certificates oi indebt
81
—
—r^..—
7%
.••.Bonds-"*
Atlantic Coast. Line Conn—
202
75
—
10
.
Vermont & Mass Ry Co——
:
23% Apr V
V
Mar.,:.;
1,053
'
140% 145%
X—
.25
common.—.
preferred
Jan
54
51
44%
'
Feb
§
Jan
37
2
Casualty
North American Oil Co———.——25c
Xk -''
'
ft
«"
-r'
Penna Water & Power common
*
U S Fidelity & Guar:
...50
Western National Bank———
20
1
45
May
103% May
45
Drill
Twist
-
V
•
17% Jan
10
Vernon-Woodbury Mills—
Common
—-——20
6.75 % cum prior pfd—
—100 *
^
High
Feb
Humphreys Mfg
.
,
,
,
Fidelity & Guar Fire Corp.
common.
oumula-
May
Apr
10% May
4% Feb
28
'
\
1%
-.100
Feb
Jan
25
315
7,017
981
20
55
High
—2.50
Old Colony RR.——~
Range Since January ]
Low-
8%
10
..———20
Fidelity & Deposit Co
Shares
—100
North, Butte Mining,—.——
for Week-
Sales
High
New England Tel fr Tel—~
High
28%
28%
28%
tc
Inc—1""
Brager Eisenbetg
Range
Low
•
—
Bait Transit Co common v
Sales
ef Prices
.
Sale Price
\
^
Range
for Week
of PricesSkates,^,>.-.v^Banga Slnea lannary 1
Par
*ar
'
EXCHANGES
Last
Week's j
''
'
"cons," oonscltdated; "cum,"
deposit,
Friday
Last
/
WEEK ENDING MAY 10
Sale Price
Friday
sale
»on»yotin^ stock; r*.%j»tinp tnud eerftiflcatet,
.without warrants.
X"X
X
.X:
Jfw V^- HheB^Jasuad; "ww/Xwitb Wawsatsx^^
.
OTHER STOCK
RANGE FOR
.
convertlblei^l^lji mortgage;,
Mv®l "conv»"
51%
20%
:>.^-\!Xv^v,/rv(x
n Dnder-tho-rulo
HEx liquidating cash dividend of $22.50, plus stock distribution.
;
33%
e Odd-lot sale,
'xXX/XvXx
•
ABonda being traded
Abbreviations
1947
-—1947
Chile 6s
AMortgage Bank of
11
35
35
**
'
{Friday's bid and asked prices; no sales being transacted during current week.
y
<
vrr;o
2008
1951
stamped-
9fr
39
2%——.2012
;
•No par
23%
21
"5
::
High
90
*$7%
IReported ta receivership.
(Plan A)
Interest reduced to 2%s
Low
X: VX
2008
|^<3a^.Mdd^'*Ex«dividend.-'\-
stamped
AMedellin
23
to
X $95 .'-X 99%
96%
.
X'
•
reduced
■■
.
2%s
Government,
A5%a
32
29
Danzig Port & Waterways—
A External 6%s stamped
A Russian
94.
93
1952
94
89
27
96 %
93
"e
2
95%
to
i
Range for
January 1
i
Sold
,
28y8
26%
30%
—1953
Maranhao
80
,
Etlo de. Janeiro stamped. (Plan A)
80%
86
78%
__
v-;,Xw
$28%
—
5s
Interest reduced
High,
.
1973
.
Interest
Agricultural Mortgage Bank (Col)-*
A 20-year
7s—
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish
5%s
—-—1955
Extended
Mortgage Bank of? Denmark S&J
Parana stamped (Plan A)
Range Since
January 1
Sold
Bid & Asked
Sale Price
Period'
X'X'X-V-V'VXliX
VX "XXX'XPar
Bid & Asked r
" .Lota, High -XX -No..
X
Bonds
Friday's
or
Sale Price
Period
Week's Range
Friday
■
Interest
New York Curb Exchange
*
j
I
,
fridlay f Week's Range X Xv.XXX
Last
*'
or Friday's
X. Bonds
Interest
New Yo rk Carl) Exchange
;
v.:
,
THE COMMERCIAL &
Voluine-lj53 i Number-4489
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
range foe week ending may 10;
'
...Friday '-5
I
..•.<■■•
,k.,v>■■
Week's.
Range
East
,
STOCKS
#«»ies .;iti.;..:.. * .
for Week
- •■
v
Friday
{
-
,
L»M
'
j
Sale Price
t
Par'
•
High
Low
>
Eddy Paper Corp /The)..——.
—•
Electric Household Util Corp—5
Elgin Nat, Watch
flew—.——--15
<33%''^
i Dock
Connell Dredge Js
common-*.-—i.
———V
Co
' **w
Fox
(Peter)
.
—J—.10 ■;
Brewing,cqmmph-»,r—«4%
400
650,
31'%' 32
.32
deneral
'lnc common.-^--^--**-**!
Goldblatt Bros
(H
Co
Uossard
.
" ' \''y\.i,
y.
1
,Jy
common——-Id
Harnischfeger Corp
*29'
Heileman BrewririgiCb G capitaU-^«.l t',
— ■
Hein Werner Motor Fqrts—^m.^-8
3 2L.
iU,'
' ^
.
,
.
;24Va
27
j
27
200
20% Jan
-400
17% Apr
-1,050 >•
16%.Jaa *
,10
55% Jan
-620
-20
Jan
700
8
May
22 63%
23%
j 8%
Co^caplta'l
Central
Illinois
RR
U
..10'
.100
common_U
Indep Fneum Toohvtc new
-
^
45
32
Interstate Power $6 pfdi
47 r
Katg' Drug Co common.w
Ia
Co
10%
30%
38%
13.
29
13%
29%
55
13%
29
common..^—»—l
preferred
—^
Lindsay Light & Chemical eom.~«..»Jl
Printing Go
.
Line~ Material
V'«*
y
v.
'
Common.
tl. rp*-(
f
^Apr^
24% Feb
; 23% Jan:;
72% Apr:
34%
k
29J/a
34%
22%
24
'X
'
j
.
1.400
§Uhjay 4?u
;23% May
10Va Jan
1
'
51
.
'<s
•
-
-
-
24%
44%
47%
32%
/
Field
55%
common—;
1—.1 r
Middlf) West Corp .capltaL^M..^1,
Inc-common
Hart
$1 priof
54
22%
29%
Mlckelberry's Food Prod com!
preferred-u.i-~--i.i»i^,fc.-101
55%
20
8%
"15%
.
15%
14%
Modlne
8%
2^00
—
14%
-3,150
-
350
>
-
24
Feb
51if May^
29%:Apr
<9% Feb.
16% Jan
45% Mar
-54%-Feb
727/b Jqn
i
-
■*
National
Pressure
.1
.
North. American Car eommon..
"i-
,
Cooker common—2
20'.
t
80
350
145
450
^ 30-
25
-
30%-
.
Northqrp Illinois Corp pommon....14%
-28,.
'
.
7 % -preferred
Bush Shoe
*
Nunn
Ua(t-
100 (
—
26
;*
'13-
3», »»'
' ji Xsv,r^
' 5|V 'Jfi
Parker Pen Co (The) common .new—251
v
'•
t
•
50
Pennsylvania RR capital
^—50
Pressed .Steel: Car common--......—,1
Rath Packing common^*.—
Sangamb' Electrio Go common^-.^,-*
40%
25
4Q!.
24%
.32.
.
Serrlck C.orp cldss
•>■■---■•'.:v
'
B common——
*
Common
—20
Standard Forgings -common—■$.—.—1
v.-
;
v>i
•.
(TheO
Trane- Co
ang .Soulh TjB
■
Pure Gil
200
31%
Jan
46
33%
87
300
Standard Brands
21
Feb-
40
14 Va
*46%
13%
46%
:
21
•
.
U S Steel common—
L ' i. u,- -f '■
■» Western Union
Wieboldt
33 V*
Telegraph
Wisconsin
f*':
v_—
58:
81%
capital—5
Top <&. Santa Fe Ry com——.100
1«
-
38
46
-300 " '
\
>
{^,s
.
i_r-
16%
•
>
-40
17%'
14
10%v
6%
1:20%'
1&
,
: —5
*
45%
,
—
,
-
•
53
-
58
''
,
52
300
39% Jan
>.
•
46
May
106
'
-
Jan
•'i l9;
'•
Apr
Mar
-
43%
104
:
.Jan-
17%
.
.
19
'300
7%
1,700
Jan
18% Apr
:
"il% May
17%
7
4
Jan
94% dan
4,050
"'700
7%
15%
15%
45%
200
;46%A
10%
11%
Motors
For .footnote see .page
Apr
Apr*
15
May
700"" 45 % May
1,400
11
'Mar
595
44% Jan
100
*
31
...
13% Jan
5iya Jan
Mar
49
28 V2
63% May
.
Jan
34%
Jan
A
>
Jan
12% Jan
.
•!
r
^
:
5
10ft
Cleveland
Graphite Bronze
(Un).
i—-ririrh
Natural
v
33% Apr
51%
,
,
106
Manufacturing
Elpatirie ControHpr
Faultless Jtubbep
-1--
J6%
17 %
7%'' -7%
600
-
31,800";
i
—
Feb
General Electric ( yh )—.——
General Motors
General Tire & Rubber common..
27ya
69
•
M:
—5
.100
Greif Bros. Cooperage
—■Va70y»
' ^
.—*»
—
,
Bros
class A.-.-.--
—5
common
Industrial
Rayon new
Iron
com
(Up),
(Un)
Interlake Steamship
—
—*0'/. 29%
;
..
_v—
-----
13% Jan
- .7% May
Kelley Island Lirne & Trans
4—
'
,68
>
.
186
•' ft72
.
415 ^
70
28%
29 ya
>
35%
"
57%
.57%
347
<58% Apr
Feb r
28% Jan
45
: 70
58%
,
77'
Apr
31
Apr
35% May
Jan
30V2
Feb
Jan
31
Jan
345
85
43y4
195
43 V4 May
13% Jan
41
Jan
.43
52
Feb
80% Jan
^Va Jan
25
a44Ya a46%
al6Ve al6V4
r.
7.1.
Feb
-75 ? Apr
32% May
Jan
May
53
-
52% Apr
-;
87% Feb •;"••• :u51% Apr
45
45
May
;34%.Feb,
,
.
128
44
—
.82
.26%Jan;
427/e Jan
.-.^65
.400
35%
—1
—*
'20.
32%
a73% a73%
'
„
—*
Machine
Jpnes ,& Laughlin—
...,
a47% a48'/»210
.
.—*3!
Goodyear Tire & Rubber cornGray Drug Stores
Lakes Towing common.
Great
60
57
.Jan
28% Janr .38
- Apr
<96
Feb ■ J02%. Jan
57% Jan
72
Apr
25
.666
B78
a45% a46y4
__
,.10
-69
30
—
9 Y Feb
;:.**:«% Jan:
;
25%May,
i 195
;Feb
108
May
8
Mar
;5% ;Jah
T6y2*Mar
.185 % Feb
105
Jan
.72
,80
.
..
30
a60%A61%
'
—
:i,69
,
l
—
0k,i''c
a49% 451%
..
1
350
167
15
a35% 435%" '
3ft
—4'-
125
99
101
a69% a69%
101
—5.
...•* ■
Jaeger
:
;' r
...1
6%-..
a81% a81%*
.
—
-■*
Je,n
Jan
::.::
-15
Gas
Eaton
o
108
..15
B^eyring- Corp ol America
3
.
Range Since January 1
*
*'^200" "
8%
6%
23
23
®192%al94
108
108
;
City Ice & Fuel—,
Cleveland Cliffs Jron preferredCliffs Corp
Consolidated
.4
=
.100
J
•
Shares
. .
for Week
8%
•*
23
"
"
-Sales
Week's
Range
■■Lot$,':JSighAiA^AAi:M:~^A-
8%
..../:?r
10% Apr
:0
2618
.-
25
-10
v
of Prices
■
Sale Price
,50c
Mfg—
Allegheny Corp
American Coach 45 Bpdy
American Tel &, Tel
Apex Electric Prior pfd_,
i
.
11% '12%"
18
common.,
.56Va Mar
.
Aircraft -Pyodupts.
Akron Brass
Jan
1,600
>
6%May
7% Apr
J.,Q0Q"*v; 18
Jaa*?23: :.'.'Feb
—
——.—
Corp
.
.—..—.
Par*A
Jan
97% Feb
31%-Apr
46
Graham-Paige
Iron
"
Jan
,
Roller Bearing...
Apr
34%: Jan
Jan
13
lO
6%
20%'
21% ,25
Gas Light——.;——1,
55,
...^..^to.
May
1
52%
46% May
-.400-
Xt.
Gonftrafj ^ElectrJcy Co.—4—.-^;
^aclede
-May
.
,-■>
12%
Friday
Apr
-104-%-Jan.
1,250
-,
—
•
'fA'A '-'AA':
Mar
'75
*
170
.Jan
•
f'
—
^
70
-
Feb
35
32% Mar
>
-
>-250-
>
15
10%
•
37
Jan
55% "Jan
57
20
i.
51
31
*24% Mar*
10
33% Mav
Jan
36%
:200
10%
",i
229 *
59% 63%
-
12% Apr
26'/4 May
.V 132 . May
'
;
Interlake
Tuterlake
31
19%
80 V*
Jan
Feb
Jan
47%,May
48%
Jan
79 %
2,100
15
,
————^..,—
A''
63%
,
-1.—*
't,
38% May
^25% Feb
100
35%
45~
FarnsFPrih Telpyisiou & Radio
V- 7
..
12
139
27
1
12%
*
.13% Jan
100
Feb
-
Halle
*k
75
56
51
'
i
25%
1,300
Bethlehem SteelCorp commop.J..—:
Continental Motors
Mar
18Va-Feb
100
'
86
33%
r
Certain-feed Products —.
Columbia Gas &sElectric*
75
51
105% Mar
10% API
24% Feb
' 26% Mar
dan
>,,,-»^i>>J40.i'.i.*-aT5li%.i'-Jan*
05... 105%>
«
1
.CUFU88- Wright
•
20Ya May
21-. :
350
38%
38
—:•
.tunartcan- Raamtor sr « c»u ^iu»..
American- RolUng >Mill^——<,—to,to_l()
Anaconda Copper Minlng—.oa
Atch
68%
55%
Mar
165
J2y2
68%
„
89
55
,
17 % Mar
-
Feb
v38
3,500
;31%
commod.'——• v^
Machine
Alleghany Corp
.
33%
56l%
38%
":JInlialeJ Stocks-^-^
.
400
500
•
Woodall Industries common—l..„i—*
-
Tlmken
Jan
•
common
Bankshares
68%
'-':l4ist
.12%
Stores* *Inc
Yates-American
13 % May
100
39%
32 v2 i34
100
com
*
J21/*
Feb
110
Jan.
17% May
115
Jan
.
GeneralMotors
United
>
•
1
104% 105V*
14
'
390
'
May
8% Feb
*■;: >■;*!>*•••
:.Cum prior preferred
•
21%
24
.
6
.com—
,
102
-
Crpaley ,Motors.T^.—...i..
Apr
28
20.%
38%
29%
.
l_"
W-estinghouse Elec & Mfg—
i Common
Jan
Jan
37 %
'
—
•
<
175
•
&
1 ^
v'
111% Jan
"
21
J7y4
17
V
*
39% Apr
6
•
—
\i
v.,!l
■
400
29%
Salle. 8treet Com
w
12.% Jqn
.
25
" 1,000
103
17%
....
.
common—i.mu
Light &<Ry
Apr
45
24
-
39%
United Air Lines Transportation cap—5
Uhited
14 %
47
102
v
* 15% May
- 9
' May
Jan4
5% Mar
945
'
Jan
Jan
I
^
,
49%
100
-
102
9
*
16
Jan
Columbia Gas
300
25%
.6% t 6%v
113
'h'tV
.L..__.100
Cities Service
-:;r
.to-,
25.
„
24% Jan
'
35% Apr
L——25
:
-
'S:)A'r
7*
.
S
8
112
Apr
Feb
.12%
10
,
20
14
100
Jan
6Va
Unlisted—
43 V2
>'
9
112
13%
10
..
Htgn
46J/4
American Rolling Mill—.
Beau "Brvunmell—
Jan
43%
.
15%
ry
40% Mar
6 ' Mar
'
Printing.-^—.
20% Jan
20% Jan'
■
Apr
Preferred
Apr
ei..,
toundstrand Machine Tool common—5
Swift dc'Co capital'—
Feb
36% May
>
Jan
-6% Jan '
40
Apr
18%
Rapid '
u S
Feb :
Apr
-
86 Vi
Gamble.
38
—6 r
*
&
16%
.
15y2
-v-*"
1
-■
—....—
16%
'
Sunbeam-Corp common^—i—
Mar
18% Mar
---
6% Apr
Jan
Apr
**
28
36
lS'/a
•,
Procter
May
14% Apr
Apr
47%
20
*
Lunkenhebner
65
24%
20
*
——
Kroger
125
>
10
1,4
—.4
550
%36%
<
Stewart-Warner'Corp common
Feb
33%
-
May
Low
357
5
['t'LvT.
preferred
2,300
-
i
StorkKne Fur Corp common—-u.—lO
,4 i^r. ".'.v ,'f
1st
19
19%'
:
Jan
17
High
6l/4
*
Kahn
18J/a
v,
34
11% May
66 Vi
...
....•
-
10..
;
21% Apr
*pr
5
600
—
««
78% May
;
Feb
9
1,400
45%
-partic -pfd..—100 *
*
Hobart plftss A..——
.55-
Apr
30% Mar
400
27%
-
„
44%
6y4
Hatfield
,29%, Feb,,
-
5%
18%
■
..
^r„.H.^.SO V
Art
19%
••
'
—
Gibson
11V*
•
Siandard Oil of *4hd capital—v—'—10
.
28
May
24% Apr
1,500
^00
...
13% Feb
8% Mar
"400
-
1
-19% May
—
2,500
Do,w Prug to—*
12
12%
Eagle-Picher
1.—
——10
257/»
257/8 26y4
Early & Daniel
r.,w..—130
132
Formica Insulation
—
25
25 y^ 26 * *
18%
-a.-—i——,--..^....18
>
40
408% Jan
-300-- --.22-% Mar
250
-
5
17%
—
Telephone
—50
Cincinnati Union Stock Yards.....
*
10.%
1
Standard Dredge preferred
Jan
150-
-
31%*
Low
Cincinnati
183%' Apr
Jan
600
-
5%
■
Apr
62% Feb
—
1
10% 11%
18%
20
pfd———7
Cincinnati Street
Feb
-1,400—>40
-
,
—
—
_
19%
"L
f
41%25
16
f
—
4
19
Jan
Apr
40'A Feb
4 J'*'. '
17% Apr
Vf>>>:?;Friday>>>-W^
prior
rl
48
■'
Corp.l^l—i.——
*
South Bend Lathe-Works capital^_6 ;
Spiegel Inc common-^M,——-—3 i
St Louis Nat Stockyards capitaL^^^*
'•
- -
3,100
-
Apr
.,28
•
31
*
Crank
Ball
*
'
19%
Signode Steel Strap Co common..—*
"
32
20 ?
-
^
31%
Cincinnati Gas & Electric preferred.100
CNO&T P.1......20
-' •
10,900
36% 36%
>
10%
chuclair Oil
'■■
..
-
2,100
■
16%
-
'
'
Feb
Apr;
30 : Jan
J'..,.
..•*
15%
46%
.48
;
1
:
V-'
-
31%. 33
;36%
r
M
23%
:
■. •"
15Ve
22%
11%
Machinery—
Products
Cincinnati
Jan
10V* Apr
3-j
-950
-
14%
125 :
23%
23
Sohwitzer Cummins capital_^.-a.i.^:li5 v
„•
.
23
1~!0v.
Sears Roebuck & Co capital-—
65
.
13%
125
.
'•
••
14V2
-
Penn Eiee Switch class A—10-
16%
135
120
-.
;
„
Peabody Coal Co class B com—.—--6
6%- preferred'-.--i..-—-JL.L....100 ;.
Jan
28
17,850
-•*,-%
"
87% Apr
60
dan
30% May
14
710
27
12% '13
•
,.1
Churngold
.
common..2%
Mig
-19% Mar
.
JB50-
•
Jan
41% Feb
2,200
300
-
14%
,;.x2fltv :29
-Mm183
v 180... 183 f-
Northwest; Bancorp'COmmohwp-«^^4
Nor 'West CtU-~ •?
?^
40
-
,
2,300
—
—
,
•
Participating preferred
Burger Brewing
/ .i 5..-
-
78
^45
;
.'.■"■•••■
'
45
„w
National'Standard oommon^.-.l».10 ^
-
100
Laundry
American
55% Jam
98% Apr
100v
■
1,700
*
82% May
36
,,67
Feb
28% Apr
t
sW;^3%-Feb::
200
,
ft
•
16%
26%
32%- 36%
•
'.
,
•
Apr
*.
50
51
Monroe Chemical Co preferred—55%
55V4*
Montgomery Ward & Co com....—92% 92%'
»-
*
Par
American
18% Feb
51
May
.
V»- *>* • V' ,v(
*
—
——.—50
common
common
>-500
*
Apr
Apr
Jan
59% Feb
20
peb
15%
>,
16%16%
c
57%
14% May
;——
36Vi
1
—
Co
'
Apr
^:'i^'«i#^:^^fN;ijasi-s^v®^;Range:'::;;titerWeek4:;;^
Sale Price
of Prices.
Shares/ : jRange Bince January I■
May
230
common—
27%'
.
:
; ,32.
'
33% May
25V8
:>
26%
•
STOCKS '
'l
' * •"
'
r.
15%
Mfg
16%
1
...
*58%
37
'10%
12% May
30% Feb
20
Apr
20% Jan
5% Jan
14% Jan
1,000
26%
1. v: Ar.'-.i -*
»
...
Mfy
400
-
Jan
35
May
20
Jan
44
25% Jan
Apr
9
^
;.->$•
;«
-34%
-
*
*200
~
33%- 33% "
27%
.C
-823/t
74%
h
Hioh
■
48 ' May
43
-
200
22%r *
29%;
21.
28%
,,
8%
vtc-—, :'
Minneapolis Brewing Co common——1:
;
Wilson &
,
Marshail
—
..,,
--
4
800
-
•
9%
*5,200
20% — 300
:
Feb
20% May
24% May
j- ^0% May-:
t
Jan
PJ,'iK
"f
•
KJ
1
33%; ? i 33% f
Corp^
United dorp
Apr
Jan
Apr
Apr
Apr
Mar,
22% May
200
;
*>
'Mapei-Consol: Mfg- capital—....—* 51
Miller-&
1,550
2,550
3,000
350
40
'< .20
;•
^
Standard. Steel Springy—i—to,n^,,--—l
Studebaker Corp cpmmonu—
.1
20% Apr
15% Mar?
SFa Feb
:^^ vf^
11
7% .Jan
Apr
19
Jan
38% May
11% Jan
15Ve Apr
11% Mar :
32
Apr
35
Feb
68
Apr
13
Jan
38%> Apr
•
L.
5^'
:
^
-
54%
$3.50
'
J0-
10%
.
35%
9-
y>j:>
14% Jan
12% Jan
OVi Jan
.-300
100
.-ir*
10%
'i
Libby McNeil & Libby common...—.7: '
Lincoln
19%
13%
7%;
7%
6
27
450
19%
.
•
common
1,300,
1,120
760
38%
i
1,200
900
'
-48
13%
—
tJhivrtommon-.....^-*.
Salle-Ext
&
"
13%
t7
com A—,—•'
*'•
Leath
19%
37
43
•
■
;
,.
Kellogg>$witch^ardwcommoiiw-.^i^^
Ken-End Tube A Lamp
•
17% Feb
33% Mar
33
Jan
28% Mar
1/64 Apr:
13
Jan
750
-600
1,490
'
•
45 : 46
31.% 32
,1/64 1/6A
19
20%
11
12%*
20%
12%:
^-Waisrahts
.
22
36.
;•,
—,
Prod^ common^—«-i
Steel
21%
:
,
.
».——«.*<
Indianapolis Pr & U xommo«U—
Rights
Indiana
'
22'
35%
9%
Socony Vacuum Oil Co Inc-«-U
15
Standard Brands common—
•
Standard Oil of N J—
—25
'
U S Rubber Co
Illinois Brick
35%
•
Apr
.
30
,
.10
Republic Steel Corp common—
25% Jan
-
1,900
'
Low
38%
V
__
267/«
n,^.r2%
—
\]
v;„;
„
24%
.....
"-
.
26%
•!
>•
,
Range Since January 1
700
•
Radio-Keith-Orpheum
..
21%
common
Vv'vi/ ' >•'
i
v
—
,
rifi 21%
;
Shares
20%
Radio Corp of America common
Apr
^
f
29
20
'.a*
79/a Feb
,22% Jan
700
Pure Oil Co (The)
^14% Jan
21 % Jan
150
,
■.
\\l
i
29
19%
2Q J
.63%
23 ;
8
J
..
Hibb Spencer Bartlett commonL_25
Herders* Jnc CommonSi
E
•
Hupp Motors common (new)——1
;26
*
J y
,
Pep
;
5
Pullman Incorporated
Apr,
;16% Feb,
'
May
£7
.650
26
26
,26
P-ifi&tytoon'ZAvr*^^.0.;<23$:
V
-
24-:
Packard Motor Car
Pan Jopey
Always ijCpi®.
33% Feb;
..
—1
Paramount Plctiirep Inc,,——
Pepsi-Cola Co
--70% -Feb
19
1450,,;,, v. 11
%%%
26*
/
common—.——*
W}
Gqeat
'V
j JJ
_
",«* ''r£0
v
Jan
*12% J&h
-1<500
,
(Glenn L) Co .cpmmon
Corp—
New York Central RR
capitate
North American Co
23
%3/a APr
140
.>300
—
Gibson Refrigerator Go.Qqmmpn-^^J
v
Sales
for Week
Prices
s^• v^'r-^oHigh ...4/'
Martin
Nash-Kelvinator
15 4. Jan;
1(1---Feb',
8% May
'-10 A. Feb,
£pr* :-; f 27 - Feb,,
1 6.0p t".
.
Candy class A
—5
23
23
General Finanpe Dorp common.^—,4.-11;13%:
;13y8; 13 %
General -Motors Corp common-.-10
72%>\!v 70% 72%
..
'
50
.1$,^''15% J6<
^4 May
" 30$. Apr
,
■
*
17%•• 17%
8%-r. 8%
9
•
.
Flour Mills of America lncu^i^-«.»» *
Pour-Wheel Drive Auto.-
_21% Jan ;
29
Apr
iif
SalePr|c(
May
76
Week's
.jRanga
'
'
<
High
■
48% Jan
•
.
Simons,&
Fltz
140
29%' .34
10,950
29% 29% k
150 "'
..
Low
\
"';
76
76.
-
Range Since January 1
Shares
of Prices
-
t
59
May
45
May
50; Apr
20% Feb
45y2 Feb
2612
EXCHANCES
OTHER STOCK
RANGE FOR WEEK
Sales
Week's
Friday
STOCKS
Last
Range
for Week
Sale Price
of Prices
Shares
14
14
960
14
49
49
49
347
40
Jan
20
21
426
16% Jan
20
m'tw
N Y
(Un)—__
Oil
Ohio
■'
'
a25% a26%
—
Republic
II*
Bros
Richman
'
34%
I.
55%
35%
55%
Ohio common——10
Thompson Products Inc com—
-—*
V 3 Steel' (Un)
*
iron
Vlchek Tool
40% May
47% Feb
25% Jan
34% Jan
775
29%
40%
61% Feb
60
Feb
22
20% Mar
27%
30
17
17
Jan
:1 :
33
71%
'3oo
a26y8 a26%
45
>
Feb
33
:
1
for Week
Shares
Furniture Co.......—1
Berkey <fe Gay
Diamond
May
r
74% Feb'
61% Mar.
Jan
31
Jan
25
'
'
Chlca Oil Corp—.—
Broadway Dept Stores Inc
Bolsa
Byron
Jackson
—1
common—*
5%
69%
*
Investment Corp.——.100
Aircraft Co.
1
Central
Cessna
Chrysler Corp
•
■
.;y1
/'
•
Dresser
Electrical Products Corp
DETROIT
Building
5530
Telephone: Randolph
Corp
1
1
McLaren. —————————1
Burroughs Adding Machine
'
*
3%
19
——
Brown,
Chrysler Corp common
Motors
5
—
18%
550
7%
27% 27%
16%
25%
5% 6
16% 16%
25% 25%
-*
18%
17% 18%
.
Federal Motor Truck "common—
;;
—1
Frankenmuth Brewing
• j
Wood Inc—
Finance
Gar
General
—
.
;—,
——
General Motors common***
3
1
—10
—
70%
Jan
Angeles Investment
Apr
Jan
23
Apr
Menasco
14% 14%
9%
10
alSYe al6%
72% 72%
22% 23%
32% 33%
a71% &73Ya
36% 41%
5% Jan
7
Feb
Merchants
17
May
Monogram
9
Jan
171
23
Mar
—
1.60
.»
—
15
Mar
18% Apr
9%
1.25
20c
1.25
23c
15
Oil Mng & Dev Co
1
Corporation, Ltd—1
Mt Diablo
6% Feb
4% Mar
200
300
12% Jan
Jan
80
5
Feb
7
Jan
6
—
..
-
1
14%
—
Corp.—1
—
——1
50c 55c
1.45 1,65
50c
1.45
Mar
14% 14%
19
19 '
28% 28%
10
p.
100
14% May
17% Mar
17% Jan
19%
Apr
Paciflo Lighting Corp
200
28% Mar
34
Jan
Pacific Western
.—1
common
...1
Screw Products—
Park Chemical Co
Parke, Davis
..
I
Pfeiffer Brewing
-
common———*
.1
Prudential Investment
Tivoli
Brewing
-•
S
Radiator
common
Preferred
—
Warner Aircraft common—...
Wayne Screw
6% Apr
8
3%
2%
7.
Jan
2% Apr
2,150
6
Products new com
15
13%
T
4
8
■ •
14%
17%
57
6%
'Jan
7
6%
Feb
5%% preferred class
4
Jan
250
4%* Apr
6% Feb
Friday
Las* -■■■{
6%
1,000
11
10
Mar
6
134
Apr
1,500
Mar
8
15
.18% May
62% Jan
Mar
Apr
2,425
May
15% May
57
20,160
Jan
9% Mar
13
-
6% May
4% Jan
3% May
M
Apr
For
footnote see page
2618.
Shares
3%"-
$5%
35%
.
4
35%
1.845
,
517:
common——————.50o
Transamerlca Corporation
2
Inc
:
—-
54%:v55%;
;r»-10% 11Y4
..
19
Inc..—5.
Transcont. Ss Western Air,
—
Oil of California——————28
Universal Consolidated Oik Co
10
28%
24%
Union
Fixt 1st pfd
Air Lines Inc
Showcase &
Weber
Western
Mining Stocks—
Alaska
Juneau
r
Gold Mining Co.
Gold Mng Co..
Chollar G & S Mng
Co
Co
*
1
a25%
10
8%
22% 22%
18%
19
a50% a51%
26% 28%
23 V2 24%
31 Va 31 Va
8%
8%
'-I:;.:'-;
•:/
12% May
3% May
Apr
High
17% Jan
6%
:
s
Jan
35% May
Anaconda
SVaC
Armour Ss
Co (HI)
AT&SFRy Co
Atlantic Refining Co
Aviation
Corporation
(The)
W
_100
.14
8
100
25
6% Feb
37c
Feb
Jan
8
—
:
v:
—
a47%
16%
47
1.50 Jan
45c Mar
1,35 Apr.
^13%
Jan
Jan
75o
2.70 Feb
13
Jan
16% Jan
16 y8 Feb
Jan
45y< At*
Feb
12
Apr
36
40% Feb
Feb
•5Q
11
13
36Va Jan
210
62% Apr
65
Jan
390
59
Feb
64
May
25
745
8% Jan
11% Apr
300
2.678
52VaCMar
14% Feb
900
3% Mar
77%o Apr
19% May
4% Jan
1,100
7% Apr
31
670
25% Feb
45
Apr
40
53% Jan
Feb
10
262
3.000
45,700
434
423
0c
Mar
19c
Mar
Apr
48% Apr
Feb
69
14o
Feb
36c
May
17% Feb
Feb
20% Jan
Feb
21
26
Apr
556
30% Mar
39% Jan
32% Feb
383
29% Mar
31% Jan
220
40% Mar
1.265
33%
42
Jan
1.990
55% Mar
65 Va
Feb
2.218
42% Feb
58% Apr
1,160
7% Feb
11% May
260
18% Mar
22% Jati
2.239
16% Feb
21% Apr
Feb
28% Apr
72
1.854
910
124
35
,
250
23 Ve
Feb
Mar
Apr
35% Mar
33% Jan
33% Jan
8% Apr
8c
May
2.25
2.05 Mar
5%c
5%c
1.000
5yacMay
19%
20
1,336
19% 19%
a72yB a72%
a45% a47%
492
1.845
186
a45% a47Va
41
11%
1.865
12% Feb
200
Jan
2.80 Apr
80
Jan
194%
Feb
Feb
43% Jan
51
Feb
12% Jan,
16% May
17% Jan
186% Feb
60
216
27%
21
30
100
10%
37c
•241
2,000
15% 16%
al077/8
Mar
10% Apr
15% Apr
90
al07% a 104%
8% Jan
60c
1.00 Jan
17c
2.25
—1
25c
.50
200
313
a25yaa25%
80
1
•
San Corp.
Tel Co
Viscose Corp
Copper Mining Co.
Rad Ss Stan
American
35
41% 41%
59 60*%
1.50 Jan
550
30% 30%
Unlisted Stocks—
Lot®
100
,1
Oil;Corp.^#«^i.'ji#i.^—L.1 ■:>%.1
Textron
American Tel &
Range Since January 1
High
12%
l
—
^
Amer
for Week
12%
38'A 38'/a
31% 3lVa
38%
25
C—25
Cardinal
Sales
Week's
of Prices
Low
Co Ltd.-——25
_
Sunray
8% Jan
121
50c
36c
Jan
20% Jan
600
Jan
Jan
8
2,670
287
6%
3%
^
16% Apr
11% Mar
8%
Pur
Mfg Corp
Bandini Petroleum Co
Barker Bros. Cgru, common.
Aireon
32c
17% Feb
1.55 Feb
30o
Apr
11% Feb
10.200
19% 19%
24 25J/a
preferred class B
Gas 6% pfd A——25
Pacific Company.—
—•
Standard Oil Co oftCalif..
—#^.*
,
410
17%
8% Feb.'
■
Jan
1,060'
2,715
Range
36c
19ya
i
So California
Angeles Slock Exchange
Sale Price
9c
Southern
Cons
STOCKS
9c
Feb
10% Jan
950
200
14,000
4% Jan
15%
3%
Jan
Imperial Development
Los
9%
May
300
57
605
10
75c
...
Signal Petroleum Co Calif..—.——!
Sinclair Oil Corn—.—————*
Solar Aircraft Co——......... 1
Jan
16
Apr
—
Corp———25c
Trading
45
*:
5% May
14%
600
6
3%
7%
Jan
36
200
15
300
30% 30%
46 46%
60% 60%
..
Sierra
12% Feb
May
5%
1,425
5%.
5%
9
Jan
9
Jan
7
300
11%
15V*
15%
8%
9%
..
Southern Calif Edison
' 11%
15
..
100
4%
7%
—
..
4%
Safeway
Jan.
Jan
4
5,182
a35
17% 19%
3% 4%
19"%
Sears
376
4%
6Ys
57
75c
1
;
27
42% Jan
16
3% Jan
9%
9%
,
.33
Mar
41% May
210% Apr
63
63
64
64
*31% a31%
a31%
Stores, Inc—.———*
Roebuck & Co
*
Security Company
—30
Jan
5
5%
14% 14%
4% 4%
—
S' Warrants
13% Mar
8% Jan
100
3% Jan
*
*
•
1
50
a35
..
Republio Petroleum Co common
1
Rice Ranch Oil Co—
———1
Richfield Oil Corp common—....*
Jan
4
200
.1
' ^
Udylite common
——
Union Investments common
United Shirt Distributors
i
U
11%
15%
.w.
—
Co————10
common——#.*
Oil Corp
10
Ryan Aeronautical Co
5%"
7
Scotten-DUlon^——.10 "
Shelter Mfg new common——..1
44% Apr
35
845
43% 45
5%
14%
■4%
4%
(H W) CO—————.2
River Raisin Paper.——
Rickel
2% Apr
Jan
940 I
6
;
45
common—————*
Peninsular Metal -Products——
9% Feb
9
9%
Car———•
common.—.1
'Packard Motor
7% Feb
"
1.90 Jan
Mar
1.15 Feb
11% May
2%
7 ,;
..
.
Jan
1,590
7,456
3%
3%
2%
—1
McClanahan Oil common———.i
Mid-West Abrasive common—..50c
Masco
8
3
8
350
11
11
7% 7%
—
LaSalle Wines
831
43% 44%
•##
2
Lakey Fdry Ss Mach common
7%
3
44%
.10
—;
3
—
_..—l
Drug
8% Feb
Apr
92
1.35Mar
28
31% May
44% 44%
a38 a38
Pacific Indemnity
580
16
16
Apr
175
750
pacific Finance Cotp bommbhwBssii^lO
^pacific Gas <fc ElbC CdlttffiOhMwws^w.25
5%
1st pfd———25
5% 1st preferred.
25
7
Mar
83
Feb
26
33% May
76
19.730
Clay Products-.^!—
Pacific
■
14%
19
Kresge (S S)
3.4701
16% Feb
70% May
717
^Occidental Petroleum
Oceanic Oil Co—
15% Feb
Jan
13
J20
Aircraft, Inc.—
Northrop
5
Hoskins Mfg common———2%
Hudson Motor Car——..—...—*
Hurd Lock & Mfg———1
Kingston Products common
38
Jan
4
2% Mar
1.934
Nordon
15% Jan
Kinsel
950
10
10% Jan
10%
320
47c
1,000
—
174
60
10
Apr
79% Feb
.127% Mar
61% Feb
20a
47c
13,275
880
;
515
1.000
47c
6% 6%
6% :6%
10% 11%
Lamp
200
1.40
24c
1
Pictures Corp————. 1
6%
6%
11%
Hail
1,212
1.05 Jan
7%
19% Jan
10
17% Apr
6,850
6%
Apr
1.25 Jan
70% Mar
21% Jab
85
&18% al8%
1.45 1.60
a31 % a33
a220 a?20
—
Co
Jan
8
Apr
10% Jan
8% May
7%
Petroleum
14% Mar
178
209
1.2D
24c
1.40
Co—......100
Mar
85o
1.393
27% Feb
200
155
1.150
8%
8%
Manufacturing Co——1-
Michigan Die Casing
1
Drawing
—»««——1
Graham-Paige common—
...—.1
Gerlty
15
90c
9% Mar
7
560
3
16
8%
Lockheed Aircraft
25
450
20% Feb
4iy«
Petroleum
Lincoln
:
Feb
32% Apr
13% Mar
15
85c
90
91
1.40
1.40 1.40
:
—;: a28% a28%
Co—...———————X
Co.——.........10e
Corp———1.
Lane Wells
19% May
I«os
14% 15%
13% 13%
70y» 70'/a
15%
Goebel
;
2%
23%
1,550
2,639
5%I 5%,
,
' I 2%
Friars Ale—•»
16% May
15% Feb
Feb
45%
Y
33y* Jan
16
..
r..10o
lOo
Intercoast Petroleum Corp
Jade Oil Co
135% Jan
118% Feb
400
7
6
Feb
19% Jan
170
19%
19
Jan
5
3% May
16% Mar
120
18%
7%
27%
——*
-----—
Navigation
19
Jan
1,079
—
Milner
15%
350
10
Detroit Edison common—.—
20
Detroit Gray Iron.———5
Detroit-Michigan Stove
1
K Detroit Steel Corp common...—#—-2
Crowley,
Detroit & Cleve
7% Feb
4% Jan
550
125% 125%
—
1
—
_—
__
High
Low
High
5% 5%
16 % 17
3% 3%
18
19
5%
17
—
Range Sine# January 1
Shares
of Prices
Low
Par
30% Jan
610
14% May
a73%
com—.*
24
Jan
450
^
common.———*
Holly Development Co
—1
Hudson Motor Car Co.—.—..*
Hunt Foods Ino common.——6%
Hupp Motor Car Corp———:
1
Apr
34%
98% Apr
..
Hancock Oil Co A
23% Jan
20%
1,100
Mar
■w -
.*
McBean & Co
Goodyear Tire & Rubber Co
Gladding,
16% May
383
r"' 625
98% Apr
..
■
Feb
136% Apr
24
..
for Week
Range
Sale Price
-
Continental
1201/* Mar
418
87%c
(The)——————2
Sales
Week's
Friday
Last
Baldwin Rubber
Jan
15
9%
22% Feb
10
Detroit Stock Exchange
STOCKS
;;
Jan
176
450
,
—
.......r
General Motors Corp common——10
General Paint Corp common...
*
Allen Electric
45
Jan
128
15%
Farnsworth Television Ss Radio—.—Jl
Fltzsimmons Stores .class A——.1
Garrett
'i
Jan
6% Jan
27%
27%
26%
Co—5
Emsco Derrick & Equipment
Ltd class A
;
Exeter Oil Co,
:
41
114
a86% *91%
25%, 26%
_
4
■
34% Apr
31
—
Aircraft Co——
•
Industries (new).——**—500
Douglas
Chicago Stock Exchange
Detroit Stock Exchange
Ford
Associate
69V4 May
165
39
41
32% 32%
Inc.———!
Creameries of America,
New York Curb
6% Apr
Jan
10
16%
17
20% 21%
41
32%
Preferred
Members
Exchange
New York Stock
'-'•I;/
21%
Colorado Fuel Ss Iron new
—
*
5% preferred
20
Consolidated Steel Corp.—.———*
9% Apr
5% Mar
28
*124% *128%
•
'
48
35
; '"1 '-I.;.'I
;:'V
WATLING, Lerchen & Co.
:
—
5
—,
,
2.144
69%
*43% a43%
153
155
a7% a7%
155
Jan
31% Feb
3.113
' a35% *35%
Co—————*
California Packing Corp common.
6% Feb
1.501
6
Oft
6
5%
67%
4% Mar
1.700
9%
High
Low
5
5
gya
5
9%
Corp..,.——JI
Blue
1
Range Since January
High
Low
Jan
24
10
33
71%
33
44
Range
of Prices
Par
34% Feb
17 • Apr
Apr
14
35% Feb
50
Last
SalePrlce
97% Feb
25
225
Sales
Week's
Friday
STOCKS
68% Jan
79% Jan
938
17
Mar
49
137
*36% *37%
LOS ANGELES 14—TRinity 4121
—
Apr
Jan
15
40
55
30
——
West 7th Street
210
Feb
26%
SCHWABACHER & CO., SAN FRANCISCO
Jan
335
•
Direct Private Wire* lo
ALLEN & CO., NEW YORK
Feb
428
a62% a64%
Works——
„
27% May
50
Listed—Unlisted Issues
Janf
Feb
"
FACILITIES
Exchange
Apr
19%
a81% a837/8
^.
*
#—* i
White Motor ——~——
1
World Publishing, Co..———V
Voungstown Sheet & Tube common—*
"Youngstown Steel Door (Un)——
*
'Van Dorn
26
26
-Standard Oil of
Member los Angeles Stack
35% Jan
305
.
*21% a2l%
'•
Seiberling Rubber
:
8%
19
24% May
103
26%
35%
55%
26%
•»
Electric & Eng
Steel (Un).
Reliance
22% May
Apr
Jala
6
12%
50
460
:
*40%a41%
.50
(Un)
Pennsylvania RR
'-m*
1,145
al5% ai5%
24% 24%
'
class A*-.—»
Central RR (Un)—LeMur
Nestle
7%
7%
N;f
National Tile & Mfg
Apr
50
AND BROKERAGE
FAIRMAN & CO.
17% Feb
May
Metropolitan Paving Brick——.
COMPLETE INVESTMENT
High
Low
14
—10
Sessions..———
Portland Cement
Medusa
■
Range Since January 1
High
Low
Par
Lamson &
ENDING MAY 10
109
34 y8
Jan
Feb
9% Jan
23
Jan
39% Mar
109
14%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4489
E/olume 163
Week's*
Friday
Last
Bamsdall
Aviation
Bendix
0%'
Sun
Corp..-.-———...
5 ""Y*
\x\ ^
'£ir
*■
v
Bethlehem Steel Corp
Borden Company —-—....—,
65%
~J,
Paper common—.
Oil——....
Range Since Jannary 1
Shares
£High ]
High
9%
55%
10
57%
73%
Scott
Oil ;Co__
for Week
of Price®
Low
<Salt Dome Oil Cfnrp
Baldwin Locomotive Works vtc
Sales
Range
Sale Price
72%
73%
7% Mar
168
'
272
527/e
22
64%
Feb
)
May
10
59% Mar
75% Apr
Jan
.
•'[
Borg»Warner
Tonopah Mining
Transit Invest Corp
Preferred
Corp____———
United
Canadian Pacific Railway Co——
$3
Caterpillar Tractor,; Co—
Cities. Service
Corp
1
Jan.
4% Feb
3% Jan
common-™..
4% Feb
4
preferred
,
7% Jan
58% Feb
30% Apr
Jan
22% Apr
,
Co.——.———.
Westmoreland Inc
Solvents
Commonwealth
21% May
Westmoreland
Electric Corp..—.
Columbia Gas &
Commercial
.
47% Jan
•United Gas Improvement,
——
May
common.
■
'
I Co———
■Case- J
4% Feb
3
39% May
Coal
25% Feb
47% Mar
Corp
Edison
Company—
Commonwealth & Southern Corp—
Cons Vultee Aircraft Corp.—.
Continental Motors Corp—;
Continental Oil Co (Del)..—.—.
Pittsburgh Slock Exchange
Zellerbach Corp-~....——
Crown
Curtiss-Wright Corp
Friday
——
Week's
Last
Co
General Electric Co
Ludlum
Blaw-Knox
Iron
Interlake
Continental
Duquesne
11%
12%
Loew's Inc common
...—
Lone
x29%
30
Star
15%
Jan
17% May
9%
&
1
Mar
2%
3
Feb
Gas
Federal
:
Corp
Brewing
Plate
9
18%
'
•
46
...
Jan
39%'Jan
St. Louis Listed and Unlisted Securities
"
Air
United
Corporation
"'
V.
Aircraft Corp
United
Lines,
Inc
V:
'
''
' r{ 0*
'
Established 1871—
Corp
300 North
Co
*
.
.
V
•,
<■.
,f
* A
v
St.
—
Missouri
|
'
New York Stock Exchange
>
A
H
Members
''-C:
,•
Lo$® %
4th St., St.
—•
l——X,v,\
Pictures Inc
——
Tel
''
y.
Edward D. Jones & Co.
Bros
Union
:e\Y ;
(Del.)
Rubber Co—
Steel
'V
0'--
■
CEntrai 7600
Louis Stock Exchange
Bell Teletype 8L sw
Chicago poaid of Trade
Curb Exchange Associate
Chicago Stock Exch.
Westinghouse Elec & Mfg Co——:
New York
Willys-Overland Motors, Inc
Woolworth Company (F W)
St. Louis Stock
STOCKS
Philadelphia Stock Exchange
Week's
Friday
,
Last.
Sale Price
American Stores
American Tel ft
40
.
.100
Tel—
Baldwin Locomotive Works f t 0.
-13
Securities Corp pfd—_.
Mfg Co common—
Budd Wheel Co
—50
Bankers
Budd
35%
120
22%
—6
Chrysler Corp
Curtis Pub Co
.w*
—•
common
.®Tv.
3%
for Week-1/."
Shares
Range Since Jannary 1
Low
35% 40
192% 194
27%
963
-
21%
.
Jan
751
35%
120
21%
1,104
30% Apr
22%
243
109
40
185% Feb
32%
110
19%
20
20%
310
83%
423
18% May
20
May
117%
502
22%
Jan
Feb
19% Mar
High
195%
!
May
Jan
38% Jan
May
26% Jan
120
,28% Feb
140%
..•
Battery
General Motors—.—
Gimbel Brothers
—
52
24%
25
51%
53 '
14%
:J2;
3,048
16%
13%
22% Jan
26% Apr
365
49% Mar
55%
Jan
70
May
40% Feb
80%
Jan
' 73% May
14% Mar
17% Jan
12
17
12%
42
2,804*
309
Jan
,•
Falstaff
24%
7% Apr
22% Feb
27Va
Pennsylvania RR-—
39%
41%
3,375
39% May
47% Feb
Manufacturing—.
Philadelphia Electric Co common.
$1 preference common
4.4% preferred
Phila Elec Power 8% pfd
45%
45%
145
40% Mar
47
29%
30%
6,506
27%
30%
1,116
Mar
25% Apr
31% Apr
31
Jan
20
13
28%
28%
35%
894
26%
26%
195
118%
304
33
page
2618.
5
Huttig S & D common
Jan
9% Jan
121
Jan
Apr
32% Jan
46%. Jan
26%
33%
Apr
•'
Mo Portland Cement
—•
com——25
St. Louis Pub Serv "A"
com.——-L
Scruggs-V-B Inc common
Securities
Inv
5
common—;
Stix, Baor & Fuller common
Feb
10
Wagner Electric common^.^.^—^.15
;j.
V-
'*<
:'V;
TS.V*:• *•
18 %
V-/"');-
Bonds—^
St Louis Pub Serv 25-yr conv inc^.1964
...50
100
30
29
49%
49%
30
,
50 }w^;.
315
135 ^
•"
46
47
6%
—
x
6%
26'A
i1;-'
47
X 115
7
Si'0) 130
,
& 15
26%
Jan
48
3^0
19
100
115
High
Low
Jan
8% Jan
115
32% Jan
120
Apr
50 ^ 17
23
56
56
Range Since Jannary 1
8
100
100
,
23
55%
__
^
0:^00^,
' '
v..
Feb
27% May
33
May
,
•
International Shoe common
.
see
common—•
Shares
33
•"
Laclede-Christy Clay Prod cool—.—Ji
9% Mar
380
footnote
Brew
100
115
—
Sales m
\
for Week
9'A
18%
—
100
1
common
Griesedieck-Western
33
•'
Jan
325
For
Brewing
j.V'
*
*
8,069
Co common——i™.
preferred
Key Co common
Knapp Monarch common
8%
Reading
Electric
__
8%
48'A
9 '/a
32'A
~
100
Manufacturing class A
Emerson
High
8%
48
__
--
Jan
11%
119% 119%
Range
of Prices
Low
5
1
7%
Corp
common
common
*
23%
Phllco
Bottling
Brewing
Johnson-S-S Shoe common
10%
>•
Coca-Cola
Columbia
10
1
Johansen Shoe common
National Power ft Light.-------Pennroad Corp
Penna Power & Light
Penna Salt
;
common
-
'
Lehigh Valley RR...—
Mfg
Electric Co
Century
Hydraulic Pressed Brick preferred—100«
—
Lehigh Coal ft Navigation..
Burkhart
Elder
3
1
Bldg Equipment common
Jan
26% Jan
.0:?.&$?:•/': A
1,699
Delaware Power & Light—..
Electric Storage
Bank
High
Pot
'/
124% 128%
193%
21%
<E G)
rBange
of Price®
Low
Par
Last
Sale Price
Sales
Exchange
Week's
Friday
■■■■■'
j
|
*
I
Jan
40
U
32% MSr
Carbide & Carbon Corp
Western
.V
Corp
United
S
Feb
v
Co
Co
Warner
'
Mar
va~\>■-
32% Mar
Tide Water Assoc OH
U
•
Webster, Inc
Studebaker
S.
-
.
j
•' 9
Jan
24%
Jan
7.
19% May
40
Inc
(Ind)
U.
2% Feb
60c
Mar
^0/
0:.
5% Jan
<N J)
Union
'
19% May
"
Texas
Apr
''
•
'/
;
76
5% Jan
Socony-Vacuum Oil Co
Southern Ry Co——....
&
"
»
Apr v't
1% Apt
Republio Steel Corp
Swift &
-
«
j
,
10%
May
•
•
—-
Apr
Feb
48% Jan
14% Jan
Feb
.
<65
Preferred
Radio Corp of America—
Stone
80
7% Jan
30c
Oil Co
\
6% Feb
Jan
40% Feb
Glass
Pittsburgh Screw & Bolt Corp
Pittsburgh Steel Foundry common.
Co—.
Standard
3%
4% Jan
common
67
Pittsburgh
Co
Standard Oil Co
;,
Jan
Oil
Preferred
Brands,
^
Jan
Inc
Standard
;
19% May
10% Jan
Gas
Mar
'»•'
Oil
Jan
95
Fuel Supply
Pittsburgh
Phelps Dodge Corp.....
Pure
t •
May
22% Mar
30
100
100
6% Jan
Penn
Co
Paramount Pictures,
Inc
Pennsylvania Railroad Co
Pullman
30
115
f
Jl
Feb
Fireproof!ng Corp
Co
Motor Car
Packard
34
25% Mar
Ohio
Aviation Inc
American
2,410'
National
RR
Central
4
4
,
—
Montgomery Ward & Co, Inc
American
14
Corp
Walker Refractories
Mountain
& Robbins Inc
Oil
Commercial
15% Feb
4
May
477
Brewing
Harbison
York
common.
High
48% May
29% Apr
9% Jan
2% Jan
135
"V 130
Jeannette Glass preferred
Libby. McNeill & Llbby
Ohio
48%
25%
11%
'
low
37% Jan
22% Mar
/'
46%
24%
—
•
Range Since January 1
—
Copper Corp—
McKesson
Shares
$000$
—
*
Columbia Gas & Electric
of Canada.
Tel Corp
Tel &
Kennecott
North
.•
Co
Corp—
International Nickel Co
New
Steel
Foods Corp
General
Graham-Paige Motors Corp
North
Low *: High
r
Allegheny
Sales
for Week
of Prices
A
Electric Bond & Share
Int'l
Range
Sale Price
Class
.
9 % Mar
50% Apr
10% Jan
Feb
Feb
35%
24
|
i
Monday, May 13, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
CANADIAN LISTED MARKETS
RANGE FOE WEEK
'4'
ENDING MAT 10
"
-
,
r-rrn-
Rang*
Bale Fried
Canadian
Friday
Week's
Wee
Range
ftani
of Prices
of,Pri
,
Last.
Sale Price
;v
Phr
-•
17
Abitibf Power & Paper new. com
$1.50
Preferred
14
18
18%
20%
18% Mar
39
38% Mar
22
22%
20%
Jan
106 106%
103%
Jan
4
Tire_
1
|
Apr
40% Apr
1
24
; Jan •'•%
:
106% Apr
Shoe
Surpass
Preferred
Carlbeo Gold Quartz*'
|
Preferred
Castle
Trethewey.
1.70 Apr
"32c
25c
Feb
1.05
95c
Mar
.
9.90
9.70 May
1.70
1.30 Mar
1.75
1.85"
1.98
1.45
Coastal Oils
\
Apr
Jan
Jan
I
Mlnfes
Gold
Coin
.466■
^Commonwealth Petroleum u-ii.--—
50c
2.20
1.85
<1.95
Jan.;
t
Consolidated
Bakeries
20%
21
Apr
j
Consolidated
Mining
90%
95%
10%
8% Mar
12
101
'98% Jan
102
2%
1.90 Jan
47c
25b
.
3%
68c
Mar
41c
30c
Apr
17c
12c
Mines_______
38C 39 %C
80c
90c
95c
1.03
59,500
4.75
5.45
8,850
:
Bank
of Toronto*—**——***——-—10
.—10
41e
15c 16 Vic
Cosmos
i,
556
Jan
$
Croinor Pershing Mines——2.
Crowshore Patricia Gold
Cub
26
38
|
May
1.55
Feb
7.25 Feb
58b
Mat
Mar
21%
100
.
i
24c
40
Class
;
28c
J
'Jan
Jan
41
Jan
2.00
May
45c
23%
23
May
31%
14%
15%
19c
May
30c
2.50
3.00
29,650
19c
27c
13c
Apr
30c
Boycon Pershing Gold Mines—.
20 c
25c
20o
4,691
25
16
1,095
13% Mar
16 *
1.15
Apr
2,255
91%
Feb
5
116%
Apr
126
*1
1.00
71c
Jan
26%
Preferred
Bank
rt.
-
119
.
119
96c
1.95
26
26%
28%
28
15%
ClaSS
B
British
28
49
50
-27%
•
585'
38%
Jan
714
28
Jan
12%
7
31%
Scottish
4%
4%
37c
35c
40c
52c
56c
Buffadison
Gold
East Malartic Mines
Jan
•
33c
29c
33c
24,200
28c
Mar
31c
25c
32c
30,700
25c
May
•
Building Products—
•
Burlington
Burns
****-—
'
Class B
45c
Jan
97c
.
Linen
:i4;.
■■
—
1st
V 15
1,520
32%
2.20
2.35
*
**—
%
Eldona
-
-4*.
.
«'
'
•
Canada
Ixoo
'Canada
Coinmerce
Canners
115
41%
44%
580
V 36
19%
21
230
198
200
38
19
•18%
51%
52%
25
26
ZZ10
*
4
20
51%
22%
23
common
common
25%
14;,;
V
25%r
17%
47%
24
18%
6,450
20
5
53
28
Jan
25
22
.—
465
16% Mar
.22
22%
1,435
"17% Mar
65
66
105
42%
Canadian Food Products
A
Canadian
L—•
common-
T_" ■'■' 4*4General
Electric—****4.
Canadian
Industrial
Canadian
Alcohol
Locomotive
For footnote
see
page
com
•
4
A—•
27
May
23 *
Feb
Apr
68
40%
Jan
43% Mar
80
24%
Jan
30
12
Jan ■;,>
■19
23
May
17%
19
3,778
21%
22%
945
•.
19%
275
50
18
19%
3,790
17
42
43%
1,180
33
260
Apr
275
Feb
*
22%
Feb
46
Jan
May
10
Jan
13
Feb
•26%:
27
4.25
4.50
19%
19%
.
*
—
;
•
"
'*
■
♦
;■•$)*•.;
6%
v
—1
*1
—1
1
Gate
Mining
—
—■
Golden Manltou Mines
f
.'
Goldora
Mines
Goodfish
Mining
19%
-
110
165
105
Jan
110
90
108
6%
4,433
•14
101
>18%
■
'
'■
6.90
2:60
19c
18c
7.75
105
25
2.60
14
-
101
8c
8%C
107%
.Apr
76,633
57c
Jan
-
64c
74c
76c
Apr
8.75 Feb
•
# 3.15 Mar
4 25c
Feb
22c
Apr
8c
'6,500'
-
Feb
,
88c
4
Jan
Feb
Feb
Jan
•
24c
28c
5,200
24C
May
39c
53c
50c
55c
20,550
50c
May
87c
16c
J40
18c
19,200
49c
Jan
88c
84c ■/': 95c
6,000
84c
May
22,350
38c
May
33,900
24c
Mar'
260
'
47e
38c
47C
28'c
26c
29c
2.80
2.60
2.80
20c
•
.
-1
87c
76c
7c
7%C
2.00
Jan
>
,4
25c
1.30
79c
;
40 %c
2.90
35c
Feb
Jan
Jan
Apr
Jan
19c
Mar
59c
Mar
4.4 1.17 Apr
3,000
7c
Jan
12 %c Mar
2,000
91c
7c
11,200
r.
204,700
22c
20c
*
.
17c
16,700
19C■
8%c
May
4 Apr
20% Feb
s
Jail
6.90 May
2.50 Mar
5,378
Mar
111
Mar
-7% Apr.
Mar
15% Apr i
40
106% 106%;:
7.45
100
15
175
19
•
-
10% Mar
10
14
101
,
6% Apr
Feb
Apr
ill-
Jan '
1
Mines
Goldvue
5.55
110
6%
101,
H
v
—
Golden Arrow Mines
Golden
1
*
Feb
Jan
75c
"
—1
—1-
**
——
14
Jan
Jan
Feb
33
Jan
'Mar
4.13 Jan
265
.
3
32%
110
110
2.60
—
45C
Apr
Jan
7% Feb
May
30
2,450
Jan
24c
1.50 Apr
33,800
.
9%
120
Mar.
5% Jan
26
170
60c
14
*
—*2
Gold
■——**
Goldhawk
4
2,200
31
51c
19%
cofninon—————*
-*;
—1 •
Goldcrest
2
2
—1
Gold Eagle Mines.——.————r_l.
2v. *
?:
27%
30 %
66
Jan,
14c
'
4.50
■
19% Apr 4
May
-
8% Jin
«
'
^
6.35 Feb
Apr
Mar
90
54c
31
God's Lake Mines Ltd
-fe
1.05
12
Jan
1.45
48%-Jan
,
.
200
WWMUHi tm —i«•
W—Ma* — ■«,*•
—;
Goldale Mine
65
2%
'
>.
4,193
4,305
2,435
5.50
18%
2%
——————*—100
Gold
Glenora
:
Apr
May
Jan
105
640
—*•.
;
1.38 Jan
36
6%
Preferred' *-—«2r—«.*—2—-100
Warrants
'yh:
19% Jan
275
May
Mar
689
Giant Yellowknife Gold Mines*®——.
:I
May
'
19
-
47% Apr
May
5% '
PoWCf'
_;
Feb
20
vo
Mar
85c
14,000
General Steel Wares ;Common.*—•
20% Jan
59
22%
50
•
2618.
.:
26
Jan
Jan
43
114
Exploration —.2*22—
Feb
27
2,970
27
15 V2
15 %
70c
<16c
Jan
Jan
27
•
4.60 Jan
4
Apr
7% May
13%
29
100
preferred
——
100
preferred ——— ———100 \h
General Bakeries **—*---2-2—,-—-*'
■
:
3.50 Jan
Jan
115
'15c
5V*%
'
Feb.
Jan^
3.55
59,945
*1
May
18%
Preferred
Jan
Apr 4
2.01 May
30,200
—100
*
Mining..——.*
General Products Mfg class A—
Apr
30
i
13c
Mhy
62c
38c
3,275
I——2*
common—
Gold
Jan
58c
:
Apr
90c
18
5%
:
:
Jan
17%
•
:
7%c
•
19,200
v
1.85 Jan
1.60
1.10 Apr
89c
61
Froblsher
Jan
May
26%
-
3.95
*
2.00 May:
29c
> ii
17% Jan
-
30%
11
2.00
common.
Feb
28
18
—J*.
Apr
ijaa
Apr
30
—
Kirkland
Ftancoeur
Mar
23% Mar
28%
22% Jan
155
3.50
——
new
Gillies Lake-Porcupine
.
Class
&
Mar
22%
!—*•'
common—
21%
t
675
134
17,800
12 %
Foundation Co
^
44 % May
205
Jan
27%
'
,
Feb
Jan
27:4
•
Feb
Apr
5'/a
70c
Fleury-Bissell common
.
Jan
v: 23
30
■■■y
8,100
33,600
Fleet Aircraft—
Jan
14%
Apr
27
;•
—
Celanese
Nickel
Players
Preferred
Federal
>
Mar
62
Mar
1,775
-
9c
2.16
class A
Preferred
230
48c
45C
10%
Federal Grain
t
24% May
148
Apr
Jan^
670
43c
7%c
—
'Ford £6 of Cahada Class A——*—*
Jan :
30
i***
■_**
Canadian Dredge
;
"9% Jen
Jan
14 %
178
2
37,200
53,200
2.05
3.30 Feb
107% Mar
Mar
400
;
23
23%
26
Fdry common
Class A
Cannriian
44c
Jan
42%
&
Jan
66c
,
Jan
11
43
—20
preferred
2.95
52% Mar
455
♦
preferred
Car
131
12%
——50
Bank
Conv
5
•*
commOnL..
Breweries
Canadian
145
14%
4,370
61%
-100
Cable class B
Canadian
1st
28%
12
**-*;
*
Canadian
Canadian
21
30%
20
25
-19,600
1.45
Fanny Farmer Candy Bhops*.
I
Feb
32% May
Mar
60
>
'4—,
Mortgage
Steamship
&
44b
Jan,:
102%
1.08
35c
Equitable Life
18% Apr
6% Jan
50
150
Mar
May
21
*44*
-*—•"
Preferred
•
145
61%
Permanent
Canada Wire
107
1,00
-LIS
K$
Feb
23% Mar
-285
-
f.-t
•
Pqwai*.
Packers -class A—***—
-
4
145
Malting
Class, BCanada
7%
:>
25%
Mines.
Electric
Famous
2.40 Jan
.
630
17%
Feb
May
18% Apr
28% Apr
.
Jan
23
-
..—.•505?
25%
!
i,
Gatineau
23%
—■***—***——
" «;•"«.•>• Avr?;.
'4-4
7%
107
X
107
I
3,400
i
17%
17%
20
145
26
85c,
Gold
Falcon bridge
30c
3,595
25
7
12% Mar
1,190
28
26
May
50
Jan
45
125
8,745
Feb'
i27
4%. Apr
200
-
-
46%
Apr
31c
15,000
33c
3.00
35c
*
_100
386
30c
,3.00
»■-
44
Apr
2.10 Mar
19,350
6
„
May
13
■
St%Mar
i
193
135
14%
28
6
II
26%
14%cMay
15
2.82
ij 37c
1
n
Jan
150
450
15
Feb
11
7%
27
*
12% May
22%
127
30c
CaM*i<a Cement common——
»
55
14%
—
*-•*-*
Canada North
615
26
14 %c
2.35
Canada Bread common
Canada
13%
30c
pfd
*
Preferred
y
14%
..
Campbell Red Lake.**,—— —1
•Preferred-'
/
32%
■
algary St Edmonton
Calinan Flin Flon—
'nlmont Oils
;
-*-1
■
Mills
Zj»
%
Galdtir Bousquet Gold
Caldwell
53,486
4Vic Jan
32%
Jan
27
Gold
Elder
Feb
34% Mar
9%cMay
23% Mar
26
13
—
—
.
830
9%c
12%
.
39
Investors--*--.-----.-----25
i Economic
■
Steel
cIass -A—u————*-*—.
Co
8c
Apr
11
7c
31%
32
*-**-*»***•.
31%
50
1
Sullivan Mines—
English
Bunker- Hill————*,
1,055
18%
:
1.64 Apr
Feb
1.20 Jan
1
Gold Muies
Canadian
Buffalo Red Lake Mines
Apr
33%
11%
.26
n
East
6.10
35
'"8
26
Mines———
Oily-ii>»:ky.„fV-n.:, ,, jy-.
n;> y
East Crasfe
Eastern Steel new common
11,700
2,655
..
East Amphl Gold
■
Jan
6.50
i
—1
——1
Jan
1.45
Jan
26
•
Co
Mining
Duquesne
Jan
6.25
r.;-I8*'
2——LI.
Donalda Mines
5
1.30
4
28%
Apr
-
.
•
V
72c
1.40
•
Feb
10%
10
7
16%
preferred -2--——-—-—100
New
v
!
i_—,,
55c
6.50
1
Mines—.————
Apr.
Apr
12V2 May
..t/-,,-25v
49%
28
Mar
Apr
.
^
common.**
Chemical
&
Tar
Easy Washing Machine—,—-—
Buffalo Ankerite Gold Mines
Bun h 10
_1
-*50
Stores.
May
3%
19,600
■
Feb
29%
16
11
11%
—
35o
21,300
56c
;
32%
Jan
May
27
.
33%
*
Investors-
Feb
Apr
Jan
75
35
35
*
52c
625
' 4%
•
~-
Oil
Porcupine Mines, Ltd—
-275
12%
35
May
1.90
24%
26
490 3
:
1.48
13%
938
15%
7
VTC
:
'
Broulan
•
27,910
-
Dominion Steel Class B—28-
28% Jan
52% Apr
34% May
25% Mar
2,080
.
32
—1
-*—**'Ui.*-—***!—,—•—•'—
Dominion
26%
50
W 33%
common
-•••--•
.
29
15%
.ie.
_L„—35
Magnesium
/
Dominion
Jan
Feb
130
Preferred-
May
Feb
May
1.90 Jan
Apr
1.45 Mar
13,150
Dominfoa
;
Apr
30c
Mar
25,200
Dominion
18% Feb
30%
Mar
26%
15
5c
130
Duvay Gold Mines--—
Packers
3.05
1.60
Preferred
30%c. Jan
12% Mar
Oil-*——
16%
Feb
1.85
1.25
Dominion Woollens common
25%
.
,
1.51
1.57
-i-,
Seagrams
Dominion Dairies common——2——*
Feb
Power class A—_
32 %
Jan
570,100
230
Feb
17c 17 Vic
Columbia
Jan
541
2.95
Dominion
23% May
22c
Bonville Gold Mines
British Columbia
29%
14
1,430
31%
14%
Dominion Coal preferred ———ww——25
Jan
British
Feb
Feb
3
Jan
1.16
Apr
50c
British, American
1.15
Dome Mines Ltd—————————1•
Jan
18%
Apr
•
1.67 Jan
1.65
700
.
.
31%:
.
Dominion Malting1 common—2-2——*♦
Feb
Mar
,
•
'
Jan
23
• 44,26%
5
Feb
Apr
Jan
1.01
86c
116%
May
30c
—
86c
1.75
;
926
36c
Light & Pwr com
Mar
2.00
Dominion Foundries & Steel 00m
34c
Brazilian Traction
60c
5,100
9,600
121
Dominion
Brewers & Distillers—*-—
15,150
89c
;
19c
*
Feb
Feb
690
'
Mines Ltd.:
Bonetal Gold Mines
Bobjo
Apr
32
70C
1.16
?
Apr
14
■
*
104% May
Jan
1.25
-
Jan
18
17%
19
Jan
Mar
May
86c
May
52
Mar:
27c
31c
27c
Bldgood Kirkland Gold————1
8
28%
„
Apr
Feb
48c
/82c
1.45 Jan
210
Feb
30
65c
Biltmore Hats new common******--*-*
1.95
3,700
1.11
"
»88fr May
1
188%
,common*—*
106
2.52 May
Jan
181
Sons—ii.——
96
Jan
50
—1
—
Diversified Mining
;
49
45b
River
30%
.
88c
Discovery Yellowknife:
Apr
31
f
Jan
104
20
1.16
——1—*.
Dickenson Red lake
1.76 Feb
Apr
1.25 May
Bell Telephone of Canada
Apr
May
22
1.17 May
156%
220
425
..
Feb
2 75
Jan
78
»
,
.
V
Apr
1.64
1.00 May
*
30
48
48 :
.
Nickel Mines——————--1
Denison
Apr
24
,
Feb
19
44-4-1.4-
30
;
1
B
Delnite Mines
37% Apr
19 Vic Mar
Yellowknife—
16%
Feb
2.85
1.85 May
443 :
68c
Aircraft-*
Distillers.
39
Preferred class A
Jan,
y
8% Mar
Apr
2.15
3,918
1
Davis Leather class -A——i———1*
f
Feb
Jan
27% Apr
Jan
Mar
32% Mar
A.———*
Gold —i.
Apr
51c
^
v
30
15
37%
1.02 Apr
15c
535
26%
38
Mar
"20c
*——*4**-,
&
1.38
Mar
7% Mar
9,600 V
104% 104%
Dominion Electrohme^——
Berens
1.05 Jan
Feb
Apr
y-
■
Mining-'-*-—-—**——!
87c
Mat
I
160
19
18%
19
104%
•
Imperial Mills
Cournor
-50c
.
4.50 Jan
Exploration & Radium
Ltd
Bevcourt
Apr
19
Apr
42c
550
1.25
1.17
1.25
•
—
Apr
Jan
95c
Bea t tie Gold Mines
Bertram
4
67 %c Mar
1,305;
184
175
179
100
—
Corrugated Box common——*
New preferred
100
|
57c
9,000
87%
—
-w
-
12,700
31c
29c
26
of
Base !4etals
Jari
Jan
18
Jan
32c
35b
35.450
2,000
163,700
'
10
of Montreal
-—•-**.
52c
95%
5
& Smelting
Grestaurum Mines
Bank
May
5,00 Jan
45c
Mar
Jan
22c
Jan
-100
7%
NatIonaU**i—-
Consumers Gas (Toronto)
Apr
1.70 Apr
'62c
12% Mar
17c
16c
-
55c
Mar
1.65
55c 59 %c
Bank
.
Jan
35c
,
Mar
61c
440a
2.25
Coniaurum
35 %C
Consolidated Mines*—...!
1.90 Jan
sxv-
3.90 Mar
12,552
17,900.
110
)
im m m i.1. ii i!■
Bank field
•
Feb
30 %C
Bros class Ai.
95
.466
110
'
^
Jan
14c
—*-*——1
Jan
2.18 May
Jan
85b
810 Lfar
517 %c May
16%
Mines
Jan
1.90
Mar
29c
15
720
.
.
70c
.
24 %c
1.00
Bat hurst Power class
65c!
65c
Lake
776
5.30
Nova Scotia;
.
Conduits
83c
——
00
17%
f;.
37c
Bagamac
1G
1.00 Apr
15c
10,050
4.05
3.90
4.00
17%
Mar
1.42
—1
■■>!/
>
2,700
43C.
42c
45c
,
.-1
Plow CiWA...-*.-—
23c.
35c
Mines
Jan
<
I
•:
■
Willans
Cockshutt
Apr
■ ——
Aumaque Gold Mines
Mar
Jan
7j/4
II,900
18C
16c
Apr
•— _**———
<■■.—1■
Jan
63c
1.41 Mar
.
ipii
12c
2%
40C
Feb
44%C
May
43c
171
12c
100%
: *-*&*:
Apr
2.10
3.00 Jan
:}
May
28c
40,517
1.00
14c
9%
Yellowknife
B
1.94
1.00
:1
———
Coniagas Mines
Auhelle Mines Ltd
Class
Mines
14c
39%C
Beatty
32.223'
i
12C
^.1'
Mlnes-^i-—4.-^1
Beaulieu
675
1.05
80c
13%C
Gold-.^iij«*j4.—i-wua-iw--
Geld
12%
26c
Apr
4.40
Feb
2.89
Mar
65C
12%
30c
MtafeS*-4——
Mines
May
Mar
11%
29c
70b
Astoria Quebec Mines-—
30
30
-
1.35
:y,>
fll
Apr
Jan
1.50
32c
1
-
Conwest Exploration
Gold
Jan
21
25%
;;
2.35
28C
.
May
31
r
25
900
26c
•
Jan.
20% Mar
2,975
1.67
2.55
28c
Citralam Malartic Mines————1
Feb
1.36
13c
———
'Gold
2
7,000
59,700
5,425
1.60
2.36
28c
—
Research
Chesterville Larder Lake Gold Mines
:
2.40 Apr
38 %c
Wines
Gai
Chemical
CocBenour
1.03
19% May
85
3.70
3.60
18
Jan
26
75
>
1.60
Colomao Yellowknife Mines***.)'*—1
Mining _**——,
Ashdown Hardware——
Bear
109
9.70
Arntfield
'
1.75
.19'AC 19 %c
Warrants
Aunor
107
1.70
-
25
29%
2.45
—1
Mines-*———!'
'
Chateau
Apr
Feb
1.70
20c
Oil—
25
29%
175
High
1.35 Feb
Jan
24% Feb,
May
13%
870
29
w*:————1
-
Gold
,
23%
23%
!
Centremaque Gold Mines-——-
Apr
225
104%
Argus Corp Ltd common—
4Vi% conv preference—-*.**-**.
v
103
Jan
104% May
129%
Mines
Atlas
Jan
100
220
Yellowknife.—
...:,
-
'..y.
106%
.100
31
Central Porcupine Mines
26 .Feb
Feb
;
101
Aquarius PorcuDlne Gold——
Athona
Jan
20
215
Huronian
Ashley
54c
13c
26c
30c
21 %
Anglo-Rouyn Mines—
Ansley Gold Mines***——.**-**4
Apex Consolidated Resources
■
May
16%
20%
29%
:
90c
6,550
I,490
12,474
•
v
100
pfd
Canada
of
Armistice
Apr
Jan
218
•
common
Canadian
Arjon
May
25c
Chromium
Aluminum
Area
Apr
120
21
Amalgamated Larder Mines——
Anglo
42
Apr
14c
13c
—*—
—
Ltd
Aluminium
Augio
Jan
/:26c
Steel common*
American
28
112
b
116
Mines-:
Gold
Aiger
40
118
38
-
——
Consolidated
Pacific
Alberta
Algoma
I
common—
i—«
_*
:s
*
—
Central- Patricia
Agnew
16
19%
31
.16,%
Us
Ry.
Canadian Wallpaper class A—4—*
Class B
——*!
Canadian Wirebound Boxes—*.
—*.*
Apr
21
Mar
Pacific
Canadian
High :,
LOW
39.
20
common^—».*:
*
preferred
Sufcat
$2.50
Acadia-Atlantic
Range Since January
19%
^-——20;
preferred
Canadian
Shares
20%
■»
January l
Range Since
Low
1.00
90c
95c
_
Canadian Oils
Sales
for Week
High
Low
Malartic
Shares
"'Law1 High
Pdr
Canadian Funds
for Week
of Prices
:: : 4M»M
Toronto Stock Exchange
Sales
Week's
Friday
STOCKS
■
•
Volume lea
; THE COMMERCIAL & FINANCIAL CHRONICLE
Number 448.9.
CANADIAN
STOCKS
Last
Par
Goodyear Tire & Rubber
"•. Preferred//,.-—
Paper
common
Preferred
*
Saddlery
Preferred
Gold Mums
cruniiar
Ltd
•
'tV^•
i\"
Hahn
1
j :••••
•• i'
.■
16 %
,
Haicruw ciwayze Mines
Halliwell Gold Mines--—
V
-*■
-
Oil-—
Homer Yellowknife
45c
Mar •
59c
14
Mar
8
-
5% Mar
40
20
150
8
19%
■
5,00
300
4.70
Jan
6.00
10 V4
610
9 Va
Jan
12%
21
21%
11a
4,085
17,420
23c
29c
20c
1.85/
26%c
40c
35c
40c
1.60
1.90
51c
48c
52c
7Vac
7Vac
4,800
•
24%
14%
15%
3,010
15
3.10
3.15
6,490
6%c
56c
52c
56c
9,000
13,400
45c
Hudson Bay Mining & Smelting——
•
47Va
H ugh Malartic Mines—15c
43c
45c
8,800
1
-
<
1
jt.
Imperial
10
——
14c
•
Oil
;vpr«ferred-:-'^———
Imperial Varnish common
14%
14'A
;
International
Bronze
•
common
international Nickel Co common
'
12%
12%
■jc,
•
International
Uranium
40
Island -Motintain Mines-«--—, .50o
2.0Q
2.00
Jacknife
Jack .Watte
Jason
M
'p2lc
1
—
Gold
Mines
riV-'
• -
Mar
__
2.30 Feb
25c
—.
Co
Gold
Hudson
Kirkland '■ Lake
20c
Mar
24c
Apr
41c
5C
Apr
11c
51c
%
Hi i
20c
V
16%
.
2.05
1.98
65c
Feb
210
Apr
Jan
Jan
25c
80c
37c
Jan
43c
Feb
20%c
20c
23c
20c
May
30c
Jan
17%
17
16%
17%
355
13% Mar
'-400
; 13%: Apr
.
1.76 Apr
17% Feb
Apr
1.96
2.30
Apr
.
Jan
May
25c
15,600
Jan
Oils
Petroleum
—1
—
(new)
—
80c
Gold
Mines—————
Engravers--—
Trust
2.90Feb
55c
Jan
51c
60c
20,650
65c
Apr
95c
36%
5,500
10,000
■36%
20% May
^V2 Jan
1,350
578
14c
7
50c
•
46c
22%
460
k
,
14c
475
9c-
1.40
1.35
1.41
8%
8%
8%
50
25c
27c
5,300.
—.
25
/
14
Jan
70c
9c
Co
Jan
8 Va
20c
Jan
Macassa.—..—1 /
Mines
—————————————X
MacLeou-Cocxsnutt Gold Mines
Lake
Gold
37c
Gardens
Maple
Leaf
preferred
Feb
; 34c
3,400
32c
Mar
Jan
40
;
1.35 Mar
1.80
;86c
45c,
3,700
Apr
3.75 Feb
2.70
10,900
2.40
4.10
25,185
3.55
27,360
10c.
3%c
12
——-i———y—l:—-1
;
1.35
Marlon Rouyn Gold——I /;-'
Martin-McNeely Mines————— V
Massey-aarns common—
• /
65c
12
3,255
9%c
9%c
^1,067
11%
Jan
9c
37c
27,700
28o
Apr
22c
V27C
Mar
18%
.19%
10,700
16,050
22c
19
14%
Jan
30
30
30%
1,310
28%
Feb
(L) & Co pfd__
'19%;
•
McDoug-Segur
Porcupine
Mines
Lake
24%
—100
♦
—
Red
Gold
Mines
Gold
Mines
Industries
51c
7c
Gas
7,C
7c
1,000
45 c
63C
73,900
%c
26 Vic
28c
r 21
4,000
20%
-21
•
9c:
1
90c
common—:—
42,548
XiC 200
:/S 40
'
18
100
9,098
.
1.10
18 %c 18 %c
18 %C
new—
9,500
8.70 J: 9.20
1.00
U
*10c
9c
9.00
330
r
,
"
40
15
101
.
18
101
10
3,040
,
Jan
Porcupine
a
Heat
&
Power,
—
common
——
A
68 c
67c
:
71C
6,210
*
5c
May
.
30c
"V 76%
i
49c
'
n'
in
25
24%
17%
18%
.
For
footnote
see
-
page, 2618...
_1
Jan
9c
May
11 V
61c
Mar
Jan
Jan '
42
18
Apr
101%
Apr
Mar
91c
Springer
Jan
93c
34
Jan
39% Apr
12% May
9%
Feb
■
Apr
Apr
,
48 V» Feb
Jan.
15c
22c y.Jan
Mar
22c
;
May
38c ;
,—1,030.,
785
6,100
42c
Jan
Jan
20
1.57 Mar
Jan
25% May
17'A May
-
Jans
64c
44%c May
25
Jan
62c
;i:|.
Mar
Jan;
14% May
157/a May
8
30
82
9% Ma*..
XI
Jan
96 ■ Apr
0
Feb
3,470
Starratt
.:■•
Steel
25%
Sterling
80 V4
Stuart
43
278
27c
Apr
63c
73c
1.40
1.90
55
14%
55%
59
15
.56
13%
19%
Jan
Feb
Feb
*
'
,
3,765
4.75 Mar
2,000
10c
Jan
4,100. 28o Mar
100
:
14o
Jan
80c ."Feb
,
15
Jan
95c
Apr
1.63 Jan
26 A Mar
€4,450
47c
A
14%
20
.
_•
16% Mar
43,800 •
140
.
1.50
2.32
.
May
55'
.
Z—II
j
——
-
-
Steep
18% 18%
16
16
13 13 %
33 37%
>.
37%
100
.•
«1
-
2,600*
107;133
Jan
/4
Jan.
:
/' 82c
•
V
1.33 Apr
1.66 Jan
-
;
*
.
66c
30%
ll%c
21
-
13%
—
1.26
97c
' 1.00
13%
13
•
9'A
•
*
22%
9%
Radio——
—*
—1
1.18
*
22V»
RocX
Iron
:
•
———
7
Apr
Sturgeon River
Sudbury Contact.
45c
Feb
Sullivan
—
-
P
Mines
preferred
Cons
25
-
100
-
'
-
V;
;
Apr
2.08 Jan,s
3.65. Jan
-
v-.v?
20
/
Mines
-
3.50
102 Va
2
"
9%
1.20
87
Z"
>■
88
•
20c
24c
3.35
3.53
102 V8 102 Vs
23
17
.
2,010
-
.
10
23
50
34c
2,600
1
19c
19c
20c
11,500
—1
2.65
2.50
2.75
4,050
16% Feb
10% May
6V2
17
Jan
Jan
1.40 Jan
/ /
,
1.12 Jan.
.30% May
14o
Apr
23
Apr
1.50 Feb
1.55
24
;•
Jan
Jan
9% May
1.50
Apr
Apr
20
Jan
91
Apr
80
Jan
95
Apr
May
20c
3.00
~98
18%
2,350
50,900
33c
Mar
Mar
/
79
.
302
33c
May
Mar
85c
965
350
Jan
Jan
Mar
7
Jan
18% Jan
38,850
May
10
-
681
.
•
97c
;
1,545
'
■
45c
25
6c
18
1.15
1,795
■
•
80c
;
22,710
/.
13 A^May
37% May
«J35
10iy4 Jan
108Va Mar
24
•
:■.
..
|6„r/ ^ay,
,
27% Jan
2,150
70
"May
18% May.
Apr
Feb
1
00'
17 /a Feb
20
May
.
Jan
.
13
1,0
i
-157,850
25
18,500
' ' -385
c
1,000
20
93-43%
13 /a May
13 Vu Jan
50
13,070
60
May
15'A May
5
Jl, .^pr
1,165
1
:
,
10
515"
10
23V»
8%
19V2
88.
•
common
Trust
Oil
•
14
1.07
19%
common
21%
1.15
•-*"/;/":/i?—-/'■
-
30%
14c
99c
Olson Co—
new
79c
1.23
...
rV?
•
common
Canada
■■
751
135
80c 85VaC
76c
..—
__
37'A Jan
.14 ■
Apr
35Va Jan
515
975
565
..
3^-'^;• 3■.: 35108
108
—.1 r850
——
Paving
.
13%
•
1
——20
1—
*
——.—*
Mines—
Steeloy Mining Corp
21% May
Feb
-
Mines
Co of
Jan
.
38C:
95c 1.05
24%- 25%
14%
'
Preferred
May
5% May
500
210
10
r-
Preferred
Standard
May
315
25
71q.
1.40
2.19
•
•
Sturgeon
Stadacona
20
"5,000
=•
Feb
80c
.16% 16%
,1.02
,yn;ri.-l
—
Stedman Bros
Feb
Apr
new
Standard
May'v.
Jan
Jan
■■
,
South End Petroleum
20 V2
34c
40c
24%c
6ic
11,300,
5.35
100
41c
10c
41c
Standard Chemical common
12%
Feb
5
10c
1
common—
Southam Co
•
,
1.90 Apr
25V2C' Jan. /
May
I8V2C May
38
Feb
:'f 95
Feb
17c
8.70 May
90c
Feb
Apr
22
5.15
5.25
trust certificates—
(N?
Slater
,
70
29c
1.70 Feb
May ;/
42.
165.
8,000
„
8%. 8%
30% 33%
95
95
,
;
'yVy
Malartic
81aden
1,060
6%
Apr
Jan
21,200
46c
15 %
14%
.8%
3^
'
————————————
Preferred new^
Jan
8V2C
B
9,450
235
1.15
7%c
1.0,600.
25%
43c
;
15
*
-i
Slscoe Gold
Feb
75c
36c
<
Mar
'
Lac
'-V
preferred—
';^:^Cla<58
1.70 Mar
25 %c Mar
17%
New
5,455
••
47.
1.18
Simpsons Ltd class A new———r—*
U 80
.VV:/
„
96c
Silverwood's Dairies new com———*
Feb
21%
315
27c
1,200
7,500
27,564,
2.15 Apr
,
Jan
60c
350
29c
45V2C
20
23 Va
i.
1.40 Jan
660
70c 5
38
39
65
v. 12 ■12%'-::#^;..w40O^
5
18%
'■ _16
78
5%
1.40
19C ;,j20c f
1.07
——5
20
314
1.35
27c
" 47c
common———*
common
20%
■
Jan
*
Scrip
Jan
14c
Brewery
New
21V4
6% /
23 Va
»
Rouyn, Ltd,-.——1
Shawinigan
y
„n,
*
•7 79%
_——100
Brass
15% Mar
47
8enatot
'"•'20V4
:—•
Locomotive——
/
■20
Jan
9,405
?'
16c.
/
Mines, j...
Silknit Ltd
Apr
'
preferred ————<-.——100
1.25
16Va
27c
preferred—-—100
Rivrr finli
New voting
<=
.
Apr
67Apr
1.15 May
..:
Mar
Mar
25c
Sigma Mines
35% Jan
21
Apr
25 ' May
106% Mar
7c
:
54% May
69c
—
Antonio Gold Mines Ltd———1*
VAtipp triict.
Jan
45c
8% Jan *
16 V4
14,100
-
86c
15c
common—
new
Lawrence Paper
Sicks'
;
Feb
21
104% Jan
.
1,450
(
48c
• I;
Knitting
1.30
26
—.—
Containers
69%
1.15
1.30.
t;
;
Corp
-—
1,100
7%c
;
;
205
68
—
&
4,288
106
7%C
)
.—,
Oil
24%
105
7%C
———1.
Lake
55
22%
'68%
1
—
'—.L—■
McMarmac
McWatters
19%
i
105 %
Jan
2.20
~
Preferred
Apr '
15%
'»
'
Jan
May
12%
Jan
23c
■
Feb
4,167
*
u;
17% May
15yaC; Jan
Apr
98c'
•'
56,550
Jan
51
6,070
:
Sheep Creek—
-50o
Pherritt-Gordon Gold Mines——1
3.73; Jan:
10c
Jan
'
% 34c
95c
,
Apr
14
a
3,375
1.43;
5.45
Mar
3c
5
17%
May
May
2.35 May
938,200
16
17%;
i.
5.00 Jan
3.90
29,650
11
85
21,000
^
5.00 Jan
3.10 Mar
75c
425
Feb
Jan
Feb
22 %c
98c
190'
Scythe^ Ltd new common——r—*
Feb,
16,540-
2.70
Apr
,
1.10
•
r-VVVii5-
Sannorm
Apr
4.00
68c
5o
Marcus 'Gold———————-I v-:
McColl Frontenac Oil
May
4.05
2.35
2.65/
_10
20
40c
26%
3.55
70c
;
Leaf Milling Co common-—*
———
335,050
2.40
—*V
Mapie
20,200
73c
„
3.50
.
4.00
1
Magnet Consolidated Gold
1
Malartic Gold Fields—y—„1
Manitoba & Eastern
1.70
280
12c
Jan
.
-72c
2.00
29c
i
Royalite Oil ——18%.
Mine-—
—1 • -146c
Russell
Jan *
3.95
3.60
...
—1
Mines—
'34
1.50
,
Mar
May;
33c
33c
,
49c
1,000
'•?
3.45
>
14% May-**-" ii VJ
v
.
; 17% Jan
2.25 May
.
5,000
-
Jan
Jan
3.35 Apr
60
Apr
s; 22'A Jan V
16% May.
...100
r
Apr
1.75
2.10 May
=
Apr
-1.65
1.00 Mar r.
14
Mar
53 '% '■• Jan
29,875
Jan
36
15%
Rush Lake Gold
May
1.55
52c
73c
■
40
27c
—
Royal
Jan
23% Apr ;;
,
Oils
Roxana
Feb
31%
1.70
—
Yellowknife Gold
Long
.
•
310
1
—
Pnnd
33%
—
Mines
76c
H 57c
v
94o
——~1
Mines.
Feb
Goldfields
Gold
V
.
Feb
1.06 Mar
,
,
Jan
88c
common—
Gold
Rouyn Merger Gold Mines
8Va May
v
1.90
4.95
7.70 Mar
Mar
4,200-
v
14
54%
,
Ban
1.00
13%
54%
70c
Apr
Mosher
40c
47c Feb
/■;
Mar
45c
3,700
58 %
17V2
54%
'
.29%
Jan
28
<
May
3.45 May
5.10 May
Jan
8%
1.95 Jan
23c
2,525
2.25
2.50
14% 14%
50c
50c
14c
15c
—
* "i
-—'--i
Roche Long Lao
Rochette
May
20c
Mar
1.35
8,050.
Robertson
Apr
8.00 Mar
8.75 Feb
Mar);
4c
Class'.B—-
Jan
37
•
Apr
41c
Jan
19%: Jan
:
350,563
2.15
v
Feb
26 % Mar '
Jaii
19
34,800
23
4%C
1.46. Jan
19c
.
7.60 May
8,400
50c
22
6c
24
16c
23%
23%
:., i5c
May
Mar
6.00
"
•
-
lie
100
,
6.00
7.75
6.00
7.60
:
86c
.1,270
.
2.11
16%
—
34 V2
Class
^
v
Apr
Jab
v
Feb
1.06
41c
Apr
1.41
24%
4,500
>
v
10,700
1,770
3,400
17
58 V2
.■
Jan
Morrison
/
1.22
1.10
14
—
St. Lawrence Corp common——
-*
Glass A———————50,
Light
1.10
1.00.
AA.
'
St.
Corp
34
—
———.1
.1
n,. I n.-l
Richmac Gold Mines
———
1
Riverside Silk Mills, class .Aw-^—«—•
Jan
Monre
56c
17%
-2.40
———
1.46. Feb
Montreal
50c
™
// 2.15 :
—I
3.45
Montreal
1.54
8
46c
Macdonald, Mines*
Regcourt Gold-
May
Moneta
100
49c
Quebec Gold
—2.00
Quebec Manltou
*
1.10
Queenston Gold Mines
—1
Quemont Mining
—.———* , 16%;
May
New
May
9
-y
May
20c
7,498
3,100
16%
East Dome Mmes———i
1.00
Monarch
71c
6.05
50c
52c
-———1
2.40
Modern
Jan,
9,350
12*300
3.80
—-——100
27 Va
Oils
lie
6%c Jan
4,000
.
77c
24c
3.45
Rouyn Golda
1.22
••ybtlng'^ trust certificates—- 1.10
685
Warrants
Feb;:
5.10
Powell
32,900
Model
Jan
29c
18c
7,366
w*
13,400
Mid-Continental
35C
30c
'
1.10
Mining
8c
Feb
May
May
27%
'
Jan
16c
5.75
——1
Feb y
15,000
21,000
'
3.80
Porcupine Reef Gold Mines—.*«—,-1
Pnwll Rivrr
":"T/
f
Metals—-—
May
46C
24c
1
Mines.
Jan
.
2.85
Apr
26Va
„1
Gold
1.65
35
30c
3,500
145
-
Jan
11,920
71o
—
18c
Jan
1.44
30c
Feb
8%
,
May
20c
,
.1.54
*
—
80c
9
2.50
Mercury Mills
33c
7c
—
75c
-
34%
McLellan
18,450
1.40
21c
Reno Gold
6.00
Candy.
Red
28%
18c
2.40
McKenzie
470
21c
Malartic
33%
Mclntyre
3,800
34
190
'
,
34
McBrine
83c
Feb
2.59
•
7%c Jan
1.55
;
'
6% May
30c
,•
1.05
Preferred
100,
33
16c
Jan
7.75
—
,
Maralgo-
80c
1.55
2.47
Red
4,500
19C
11
36%
Long Lac Gold Mines Ltd—
Groceterias class A——
■; / '.Class "B" ———
Madsen
11c
\
29% Jan
17c
Loblaw
MacDonald
6 Va
1.40
———
Porcupine Mines. Ltd—*
Little
Lynx
9c
.
Hersey
6% '
•
1.10 May
49,200
•
9c
*
—■
7.00 Mar
46c May
86c
16% May
May
24% Mar
20%
Mines
Levy Bros ——,
Lexinden Gold
Lundward
5-:
57c
595
16c
Mines
Louvicourt
16%<.
;■
17% May
1.37
1
——
Lingman Lake Gold Mines
1
Mar
22c
1.10
—
6,560
20%
Leitch Gold Mines. Ltd——--—
.
24c
1.35
Lake
7.90
17c
—
secotd
10,900
35,247
27,700
Jan
1.33 May
15,200
27 .27%
20%
Lapaska Mines
Oro
Jan
Jan
//f
Apr,
86c
7.50
95c
Gold Mines
Lang & Sons
Laura
90c
26c
"
55c
—
Lake of Woods commoiu---.-r-—-La Luz Mines—
Lebel
80c
Mar
,39c
-
7.75
&
Mines, Ltd—
Lapa Cadillac
Apr
50c
34c
Flour Mills common-——10
Preferred—————.———40
Jan
30
Jan.:
»55c
1,400
25c
Puritv
27c
1.53 Apr
1,800
,
-10% May
May
14
5,890
-
Feb
Mar
3.85
May
6,500
Mar
Preston
Feb
19c
25,200
:
2.25
May
14%
15
28c
Dufauit Mines Ltd
Lamaque Gold
2.25
Mar.
9 Va
6% May.,
35c
Proprietary Mines—,—
—:—-*
prospectors Airways
Purdy Mica Mines-—-—-———-1
25
38,000
2.08
25 %c
—1
Jan
Mar
65
15
.
■■
13,950
'
:
.
1.40 .Feb
Apr
5% Jan.
Mar
Premier
40c
58,006
1.51
27 Va
Mining
Shore
1.00
:6% May
30c
Reeves
Lake
Jan
48c
''Pressed
11c
•
1.69
1.33
1:
—
1.60
14%
Feb
May
if 5c
m;;
15
■
3,434
26C
1.35
(John)
Lake Fortune
22c
25c
Corporation
Tremier Gold Mining Co——^**1
13,013
25,971
"■':■
99c
16
1.67
1
1
—
8C
80c
25
Mines
—...
Exploration
Laguerre Gold Mines,
«aae
50c
23c
v'
41c :• Jan
2,500
143,841
6c
—^—v..
Kirkland Townsite
Labatt
60c
Power
15,050
He:12 %c
,16%
.
Kenville Gold Mines—
Laorador
2.50
50e
Porcupine Peninsular
Feb
1.90 Feb
100
8V2C May
350
2.25
Pickle-Crow
Jan.;
Apr
2.09
Apr,
8
V 58c
Mines
95c
6%
58c
Gold
Feb
6%
2.45
Jan
Apr
46c
6%
—1
33c
20c
31,100
7,100
1,400
1,485
——1
Pioneer Gold Mines of B C———
47'
1.20 Mar
Mines—
Feb.,
2.08
8,500
Photo
Mar
.
1.00
Picadilly Porcupine Gold Mines—1
27%
11c
45c
toff
99c rv
Quebec ..
Publishing
Kayrand Mining^..
Journal
Kerr-Addison
39
18% May,
26c
49c
m
Joliet
Kirk land
10O
102% May
•
1.00
8
—
Mar
200,000
Perron
Feb
May
34
1.00
Mines.———•
Jan
15c
Jan
1.03
Jan
1.05
Mar
Mar
26,700
12c
Pen-Ray Gold Mines——..——I
Peoples Credit Securities-
Jan
22%
Apr
8Vac
";
72%
Jan
63c
10c
22,022
71c
—
63
1,000
42c
Feb
1.65
65c
Paymaster Cons Mines LtcL——1'
Jan
14
.
6c
He
;<
1
...
-
-
5.65 Feb
May
3,300
v
Vv-v•
20c 21 %c
-
65c
Gold—————1
Partanen Malartic———.—.1
Apr
80c
,
29% Mar
20
f
15%
10c
4,250
72c
1.65 V 1.84
20c
—
68% V-
66c
10c
•
1.84
•
poyomaqil^ lUTIriBtt
8% Jan
May
21
6,202
21c22%c
6Vas
—1
Mines
Consolidated
Kelvinator
Apr
66 V»
.
'
;
Vv/,—'V
Pandora Cadillac
Jan
24 c
—V,
——
Mines
Jeilicoe
J
•
——
Jacola Mines
30c
3.40
■
Mines
Gold
Ma*
6Q0
85c
Page
15% Jan
9% Jan
1.00
39,170
37,445
.
2.00
•1
20c
-
38c
Pamour
Apr
17%
Apr
150
22%
30
Mar
635
45
18'A
19
13
46c
900
-
1.55
.•
7,700
■
Apr
Apr
61c
Farbec
Jan
7% Jan
50
13,450
22
1.35
^r..t:
Jan
l.ll
40c
Pacific
Jan
May
19% Apr
Jan
102% 103%
45
26
27,400
34%
1.55
'7.5
30c
62c
72c
Pacalta
15% May
-
Ltd
Ottawa''Car
May
^48
*30c
May
:T2%'"':
1
Mining-
Mar
3.25 Mar
Jan
1
Osisko
Jan.
! ,15,
Jan
11
35
1.10
33%
Jan
13%
•
Feb
73c
14 Va
v;
*
60C
1.00
\
rV
Petroleum..——.—^*
18c
22c
———i—w——
Preferred
Jan
Mar
1,677
;
33%
._*• •
fnternatjonal
Jan
1.50
30% Apr
Orlac Red Lake Mines————1
Jan
May
>
Corp
Mines
Gils
Orenada
Jan
35c
'Apr
10% Apr
10% Apr
405
Jan
4.40
'67%
-
O'Leary Malartic Mines——»—•
Omega Gold Mines
.1
Omnitrans Exploration
——1
Orange Crush common—.———*
Jan
10c
74c
5,149
'
15%
55c
-
22
International Metals class A— —•
4%% preferred
.100
Mar
60c
24c
Inca Mines--——..i—*—.-1
Okalta
Jan,
50c-
195
8
■V
15%
60c
& 103
—I
40c
3.90
Ogama-Rockland
4.9% Feb,
.:
Mining
O'Brien Gold
Jan
Jan
43c
8
15%
8
Inspiration
& Devel
•
Jan
63c
Apr
6V2C Apr
37%
-
15%
V 15'A
?
•
29%
29'A
15'A
—1
9,000
4,900
21,300
22e
—
Jan
25 V2
13c
19
14%
Inglis (John)—..——Jw— —6
Min
15 V4
19
w'
.iV
13,225
95c
-
3.40
1
Northern Canada
14%C Jan
;
2lc
3,500
1,345
15
..ill
Indian' Red Lake—1
Apr
Mar
32
49c
20c
North Star Oil common-——-——♦
Preferred
;-—
,—5
Jan
3.60
Jan.5
2,205
15C
,
13 %
29%
Imperial Tobacco of Canada ordinary_5;
"V;
48
•
44%
Hunt's class A new-.—14
Hew, class'
*' ?
W
Huron Ac Brie 20% paid
——LlOO
imperial Bank—
Apr
30%
2.61
45c
92c
20c
Northland Mines
Jan
69c
.
8.05 Mar
6c
1.24
2.70
7%c May
20% Mar.
930
24
—3.15
Mines
45c
1
North
Feb
30c
1.00 May/
45c
Mar
57,000
—J
-•
7%C
—24%
Mines
Jan
May
20
2,220
^^-5
Malartio Mines
Norseman
Feb '
35c
Mar
35c
17,020
Jan v
31c
:
Mar
19c
8,200
1.75
14%.
'
1.60 May
9,573
36,500
6%c
Gold
24
49
Apr
I6V2 Mar
29V8
————
—
Mines
Nornietal
16V4. May J
:
Mar
1.85
23C
17c
22,834
25C
1.60
7,500
19c 21 Vac
25c
83c
May
Apr
Gas—-—1
Gold
May
95a
<.
•"
Norgold
21 Va May
11% Mar
-88c
10c
18% Mar
16 Vi
83c
29,200
Howey
May
May
14%
•
27c
Hosco
18c
9%
22c
&
.20
2.50
Noranda Mines
Apr'
Jan V
5.00
25c
Oil
110
2.50
Norbenlte
;• Apr \
5c
————————1
Homestead
8
5
34,500
—
—
30
28
I.—...——ww
—
——
Nipissing Mines
20
.'
19% Mar
8%C
....1
Nicholson; Mines
17% Feb
Feb
45
20
,
[ 'f-f-1" > "
20c
Holhnger Consolidated Gold Mines.—8
Home
Apr
3,200
2,53a
51c
5VaC
———1
Oil-,
Feb
8c
——.——I
Dauch-
&
7
Jan '
5%
25a
V
Apr
17,700
Heath-Gold Mines —————1
<
6
52
Jan
-
29
29
Bidlamaque
————.
1
Calumet Mines——————
Nib Yellowknife
—————1
—
25
20
New
High
29 Va
30
1 V
New
Low
260
*
Car—,
Range Since January 1
High
19
29%
;
Shares
49
.—20
—
l87/a
.
Sales
V-..; for Week
49
•
" 18%
29 Va
Negus Mines
Mar
15
;
Low
49
common——.—*
•
National Steel
Apr
12c
-
Hedley ^Mascot
47
15
87c
•
Week's
of Prices
;
common---
National Sewer class A—
■65 V: May
5; l.
11% Jan
21%
14%
._*
——;
——
Mines—
Highwood-Sarcce
42
30
•
35
6%c
1J
.
Hasaga Mines—4———lj"
Headway Red Lake Gold—-----—1
Hinde
1,220
32 Va
16%
10 Vt
Heva Cadillac —•
Jan
1,415
65
13%
157/a
••
-l-_———5,00
Gold
Jan
15
Grocers,
Preferred
Mar
8c
Hard'Kock Gold1 Mlnes--«:—T"
Harricana
20 c
10c
:■
Bridge
Harker Gold Mines
May
-r
1
Hamilton. Cotton—
Harding Carpet—
15c
6
V"; i./
Mines
1,000
\-;• k.'./fv*-.'•'•?■'''V'-t"-
Brass ■'common-.-^-~.—,'
Hallnor
15C
Par
\
national
Jan.
48c
•
Preferred
Hamilton.
26c
—-
i
Gypsum Lime ;& Alabastine—..
Jan:
52 ;•>< 52
I-——*
——
15c
60
50
Greening Wire
Apr
3,250
13%
*
».
v
16c
29
32 %
——.65
com—~i
Jan
57
;
15c
'
.
•
—
—
Great West
V
National Breweries
May
"
15c
l.
i—
Grandoro Mines V.
53 Va
75
57
122
;
5
.
.V-
SaleFrloe
High
99 Va Mar
215
122
56
Friday
.
High
115
50,
/■Graham Bousquet
Great Lakes
Low
122
STOCKS
•
Range Since January 1
Shares
of Pjrices
-
•
common
v
for Week
Range
?
MARKETS
WEEK ENDING MAY
Sales
3$.; Week's
Friday
Sale Price
LISTED
,^|%V^«V^;JftANGE.FOB
/
_
May
Jan
23%
Apr
30c
Mar
45c
Jan
10c
Jan
22c
Apr
3.25
Jan
Jan
Jan
2.50 May
40c
Feb
4.45 Jan
103
Feb
3k
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
STOCKS
Friday
Week's
East' //';/; Y Range
Bale Price
of Prices
Sales
for Week
Shares
,
,
Low
Surf Inlet
Consoi Gold-——-—.—50c
oylvanite Goxa
Mines.
1
.
3.20
3.40
Tainolyu
:
Im,y.
1.35
26
; ■/...
coiaiuon„;^.^w»
lO)
Tamblyn Ltd
,-
;
..
..
Low /'
48o
High
8,000
3.10 May
4.10 Feb
1.38
1,300
1.31 May
26%
3; 100
Bathurst Power & Paper class A..—.*
Bell Telephone
—
—.—100
21%
Jan
52%
185
54
53
54
4.35
4.25
4.55
10,182
•
75c
73c
77c
29,000
53c
Thurbols Mines ....1
88c
82c
92c
29,000
——50,
Gold
Ml res
Toburn
Gold
Mines
Tombill
Gold
Toronto
Elevators
Toronto
Works
A
Towaginac
'Traders
—*
........
Toronto: Mortgage
Twin City Rapid Transit
Union
Corp
Class B
United
:
class
*
"A"
Mines
Ltd
Worts
,
■'
—
York
16,520
2.65
Mmes-.v——
26,015
13%
Jan
12
12%
2,240
12.
May.
16%
Feb
42c
5,300
40c
Apr
87c
4,700
17c
May
07C.
832
20c
May
40c rJan
4.50
4.50 I 4.70
6,660
4
Jan
139%
,136139%
5.10 Feb
139% May
1.25
13,400
40c
11,400
5,100
200
'
'
79
29%
1.15 Mar
24c
10
31
32
107%
108
15c
18c
18 %
13%
19%
i-103
104
Ucpi
Iron Foundries common———*
21
22
35c
28
29
May
May
30
Jan
33 %
Apr
25
Mar
8,700
395
i
30c
./
..
•
4.95
5.00
1
55c
1,850
104%
251
5.00
15c
Jan
May
12% May
94%
Jan
108%
Feb
30c
Jan
197/a May
May
24
Mar
Feb
43c
29
4.95 May
May
Feb
6.55
53c
55c
6,900
32c
Jan
610
21C
■.:
'
A
S y,
23c
17,600
18c
Mar
39c
15%
17
I
i
U"-
,/
17
580
14% Mar
Jan
17% Apr
35
May
STOCKS
a
& Seal
"B"
P'l-- Range •'
-
Dairies
Preferred
-
43
43%
360 ;
10%
10%
25
46
46
49%
49%
70
45'/8 Mar
53
.17%
18%
2,935
22
xK 16
15%
16%
600
.16% Feb
13% Feb
43
42%
44
Mar
46
16%
16
16%
18%
59% Jan.1
40 %». Jaiv
5% Jan.
35
Jan.;
33
2,654
300
,
07% Apr
43% May
Hi/4 Mar
46
(
May
Jan
Jan
.
18%
Jan
May
17%
15% Jan
Jan
21 :1
19%
21
10,138
19% Mar
17%
17%
18%
570
15% Mar
*94%
4,212
78
Jan
41% Jan
96% May
48
50%
95%
49
626
49
49
10
305
200
92
40
635
16
16
Apr;
10%
34
13% May
34% May
37% Feb
Jan
31% Jan?'
31% Jan
235
common—
25
47
:
:
Apr
12% Mar
9,616
10
21%
23%
23% Feb
''
Apr
18%
Feb
646
49
.
Jan
595
Dominion Tar As Chemical common*—,
Voting trust certificates
«-
Jan
13% Mar
75
Coal class B
Feb
May
45%
300
Ltd
Feb
129
Feb
.
May
31% May
Feb
895
—■-»
new
&
Stores
49
29% Jan
13% Jan
3,300
Steel
&
.24% Feb /
19
Apr
i Jan
*
common
Glass
Dominion Steel
Preferred
:
.
•
.
Jan
22%. Apr,
21% Mar
•
*
25
...——
Dominion
Dominion
20%
16% Mar
110
91
-
Foundries
Apr ;
28V4 May
32%
'
26%
Feb
Apr ;
785
25
Apr
—•
995
90
Jan
Dryden Paper
•
810
13
Feb
*
332
45c
Feb
I
;—*
910
75
16% Mar
20J/a
10
Mar
16 >
Jan
155
27
Mar
35
Jan.
15
Mar
19%
34
Apr
Feb
new——
Dominion Textile common
Corporation
Heating Products
Range Since January 1
High
Low
High
33%
785
61%
64
1,095
55
Paper com—.*
70
66
70
60
58
Brown
C<V common„——1
67/a
6%
7%
1,825
b% Mar
8%
Bruck
Silk
20
20
20
30
19% Apr
23%
Jan
26
23%
26
85
23% May
29
Feb
14
17% May
Puip. &
Mills
*
•
^
—a—t
i
Wesrern-
C.iimhgr
,
dro.
Steel
—l..
,
|
2.40
Feb'
Apr
5,925
2.80 Mar
80
56% Mar
4
2.40
400
•
19
42%
2.10
Jan
15% Mar
151
183/4
18%
25
1.65
1.65
700
29c
1.65
44c
40%
18%
-15
..
General Steel Wares
Preferred
70
.
:
.100
>—
(Charles)
5
Jan
39% May
3.80 Feb
62
Hamilton
.Y
Apr
4.00 Jan
23% Apr
Jan
International
Jan
International Power
23%
15
563/4
1,600
70%
72%
26
27
27
18% Mar
33/4C Mar
5%c
2,000
3.60
:S
3.80
1,210
2.70
22
22
*
i- <'r'—
28c
28c
430
*
5
VvZ.5
5
20
2%
*
48
48
48
25
46%
12c 12 %c
6,000
■-
_
—
•' vi
Jan
5,940
4%c
3.75
■■
56
50
•
►
•
2.15
50
Jan
_
Jan
19% Mar
Jan :
106
,
ill
..
20%
108
Jan
Jan
87/b Mar
14
Feb
7% May
'
Mar
Feb
Mar
56%
13
v
Apr
Mar
17%
Mar
Apr
52
;
53
443/4
48
14%
:
15%
153/8
15%
8%
8%
'!,'
;
'v.?-;;"
30% Mar
May
53
May
53
Jan
48
235
1.040
i
v
37%
1,000
""•:r'7%
235
32 Mi
i
1301
130
v'40-
22%
200
Jan
Petroleum Co
Utilities
Corp
39 V*
40
45
4,071
57%
3,985
43% Mar
59
38
120% Mar
140
53%
57
-15
-100
Ltd
common
38%
45
133
137
•
137
-
19
-II*'
new- Ills
22%
54
54
17%
'
18%
54
-
235
16
17%
327
*47
16
Apr
May
Labatt
16
Lang & Sons Ltd John A
<f
Lake of the Woods Milling common —.*
Preferred
27% May
Feb
5.00 Feb
/
•
29
Mar
28c
Feb
Massey-Harris-
Feb
5
Apr
McColl-Frontenac Oil
Feb
48
Apr
33c
Jan
440
25
375
29
Jan
161
25
157
Jan
24
295
'
26
4H
;
Apr
24% May
23%
Feb
23%
15
Jan
26
Jan
10
150
20
Apr
1611/8 Mar
18% Jan
19% Jan
80
23
26
20
;S'
16% May
28%
371/4
Jan
i
22%
23
'
Mexican
Mar
$
36%
23%
Laura Secord Candy——— —3
-25
Legare preferred
Lindsay (C .W) common^—.—.—.
17% Mar
27
36
161
—.
22c
Apr
17% May
12 V* Jan
490
18%
27
•
72% May
57
May
•'y-
common—*
(John)
,
Apr
Apr;
<
27% Jan
Feb
1,098
Feb
47
18% May
15,245
'
:
39% Mar
;
Feb !
Mar
23
May
39% Apr ;
Jan
39
Jamaica Public Service Ltd
7*3'
4
•140
May
17%
Feb
8%
38% Feb
Jan"'
33
Jan
15%
Jftrfh'--!'' >
■'
22%
May
May
17%
14% May
12% May
2,189
35
Feb
Apr
112V4 Jan
109
12,744
■
12%
38
9% Mar
954
1,090
169
Apr
59
7c
10%
35%
110.35
130
_
International
M
_100
International Paper common
Preferred
Preferred
9%
34'/a
!';;Y 34%
Jan
Feb
*
Jan
_55
2,020
109
—
20% Apr
1.00
16%
8%
—
Industrial Acceptance Corp com
Intercolonial Coal preferred
35% May
70%
,
—3
*>
Preferred
:
45
443^ May
i:. 18
500
15%
Imperial Tobacco of Canada common_5
Feb
39
50
1.75 May
:6% Apr
40
105
103/4
15
International Nickel of Canada com..*
Jan
-t
1,495
56%
48
•
Feb
Jan
53
105%
15%
.V
52
••
Jan
23%
18%
-
14%
45
9%
35
...•''
'
20
May
276
107% 108
;
103/4
—*
85c
23
18
16
I100
Preferred;
New preferred —
Hudson Bay Mining
Imperial Oil Ltd.
Feb
Mar
19% Apr
28% ;Jan:
3.490
56%
Bridge
>
Jan
15
19
19%
110 *•;
110
6 S/8
6%
3.
C"->:
•
Gypsum, Lime & Alabastine
r
Feb
23%
108
»
common
16%
393/4
'
18%
common
May
May
Apr
1.60
56%
_
common
•
6%
Apr
23%
Oil Selections
Reliance Grain
193/a
_
78
31%
4
Paper
___
Power common—........
preferred
General Bakeries
Gurd
100
—
inn
Ontario
215
Goodyear Tire pfd Inc 1927——— ..50
185
_
—
&
5,485
May
'V*-J
Paper common—..
common..
18%
30%
new
34% Jan.
31c
29c
«
inn
Ltd
*
*
of
26
115
,
2$
•
Co
40c
1,200
9%
Canada
Players Canad Corp
64
j.PP'35) 35%
s
•
,..T.
international
Apr
3%
31
s—*
——
International Bronze common-
—
Humberstone Shoe——
58
18
4l:>
common
'3%
42c
•
..-r
Feb
Mar
31% May
7,342
0
Foothills Oil & Gas
555
'
•
Dominion Bridge
Donnaconna Paper
100
2.35
r
preferred...
Howard Smith
3%,
135
3%
3%
0V»
34%
58
-im-.f.
—
17%
3%
31%
__
——i-
Canadian: Westinghouse-..;-;A—
Coast ' Copper——.5^
Consolidated Papet
^
Dalhousie Oil
17
17
Marconi
Canadian Vickers
30%
•
Howard Smith Paper common
Canada & Dominion Sugar
CanadaVinegars
Electric class A
5 °'o
;
32%
Bntisb Columbia
&
Gatineau
Shares
64
;
Oreille
150
47
preferred
Dominion
Famous
33
Pend
65%
*
——
Coal
Dominion
:
for Week
of Prices
Low
1
Asbestos Corp
'Atlas. Steel
Preferred
65
*
Distillers Seagrams common
Dominion Bridge
Dominion
109 % May
1,161
1,900
5
Co
Davis Leather Co Ltd class A
Class
Apr
22 %
;
!
Jan
Feb
53%
Jan
: Apr
18%
——*
Consolidated Mining & Smelting
Foundation
Sales
Week's
Friday
Last
Minnesota
107
May
26%
277/a
*
Consumers Glass
Cork
88
20 Va Mar
22
25
Railway
Cockshutt Plow
Crown
Apr
17 %
w*;
* ■£.
Class-B-i—i—
Exchange-Curb Section
Sale Price
Langley's
20
Jan
53 %
May
Jan
;.'.•! 47!
•
Oils
Electrolux
Canadian Fnnds
Haves, Steel
26
22%
Jan
88
109% 109%
Feb
May
25
25
Feb
Apr
May
.
14%
9% Mar
18
47%
160
-
-L.*
Canadian Pacific
Feb
-
f.
,
——
Toronto Stock
Disher
■■
•
Canadian Locomotive
Canadian
22
'
*
Class: B
English
Canadian
185
675
14,965
.100
common
Enamel
■
12
20
778
»
Investment
Alcohol
Mar
50
.
East Kootenay Power
•
common
»'w i
Bonds/
Canadian
11%
18
.100
common—u.
Foreisn
Canadian Ind
! Apr
105
28c
8,820
Jan
*
—
May
•
Foundry common
•
———25
——
25
29%
Apr
16%
'<
175
Jan
Feb
148
-
,
Feb
,
45
*
—
24%
Jan
26
Jan
Mar
34
.
14% Jan
131
5?
:
"
Bonds—
.
45
Canadian
Jan
60c
200
230
358
30c
,
Mar
Jan
Jan
976
1.69 Jan
55c
Jatt:
25
4,114
45
Canadian Cottons common—...
23 % Mar
145
43,496
103%
32
i 18c
May
May
:
155
'
26,500
;
Feb
Mar
38c
61
230
29%
..
200
230
——————8
Mines
21
24C 29 %c
27c
*•
25
38c
40c
109
23
1.18
1.18
305
23
Feb
19 Vi May
*
Canadian Converters "B"
Jan
21c
375
19%
23%
Jan
.20
Feb
May
5
23%
23% Jan
19%
SS:; Preferred'100'!
Feb
3.98 Jan
;
34
Jan.
3% Mar
25
147%
Canadian Celanese
Jan
40c
Girl
Knitting
?<»
8%
2.40 May
27
050
.29%
Class A
Feb
14 %c
May
Apr
425
29
Canadian Car &
May
9%
25c
1.
Mines
rj C.„
8c
May
56
17c
—*
common.
Ymir Yankee
>-!£■>?, J" +
4,300
31
20c
♦
Wright Hargreaves
10c
r
Mar
17c
Westons (George) 4%$» pfd-—
100
WUtsey-Cogniau
*■
Winnipeg Electric common.————.*
Preferred
i
100
Yellorex
Jan
24
Apr
31%. Apr
Jan
6
12%
t
common..;
Combing.
40%
230
29%
•
147
Canadian Bronze common
Jan
20c
•
com
Westeel Products
Wool
800
11
«.™.i-.__._____^.-..100
Gold
1,225
2.40
—
*
Mfl1nrr.li*
WInora
31
55
2.65
Consolidated..——1
Westons. Ltd
»Apr
45c
Jan
22: •Jan
15
86^
21%
May
18%
30 Va
34
4%
•
common
206
May
;:;:w 635
100
Canadian Breweries
Jan
:
Apr
25% Mar
50
'
Jan
12 Va
May
| 26% Jan
110
12%
.
»
Grocers
26
9% Mar
,
,o 26c
8%
:■
7
8c
-.U—23 /
Preferred
Jan
181%
r
'
7,605
-
Canada Wire & Cable A———
—.*
Class, B
—.————*
May
1.80
1
—
Wasa Lake Gold Mines—
r
105
29
33%
Canada Northern Power Corp
*
Canada Steamship common—
—*
5 % preferred
—————50
Apr
32% May
Feb
28%
"B"
Canada
Jan
1
.Y—i.
&
31
54
10c
i
'
.
15%
12,100
V
12%;
-
Mar
v
1.12 May
2,350
31c
28%
•
...
„
Walker-Gooderham
..Western
11%
55
•
Vulcan Oils
West.
315
11
7%
1
■WHII.^-Aillilit»».
Wekusko
24
,
27c
29c
00
Upper Canada Mines Ltd
.•;.Preferred
103
31
—la
Geld
24
40
12,425
26%'
24
20%. 20%
31% 32
common.—*
Preferred——
United 'Steel
Villbona
50
105
t
Cement
Class
May
39c
35
16%
Forgings class A
Preferred
Canada
Apr
Mar
«
Columbia Power Corp A———*
Canada
Feb
14
Apr
25
1.20
A
'United Oils
Mines
32%
25c
23%
—
.
25
Ventures, Ltd.
5,966
11%
Class B
Vicour
27c
32%
Feb
Apr
130
Jan
■
Building Products class A—
.*
Bulolo Gold Dredging—
.—.—.5
13% May
11% Mar
104%
1.12
—tr—,r'
class
10
32%
>
I
—_
Fuel
1,180
130
2.40
46%
Jan
206
26
High
Feb
19
1,418'
1,074
15
siik" mTus.—rrirrrnrzinrrrr*
Bruck
Jan
65c
Jan
.
11%
105
.*
;
...
13%
25 %c
25 %c
,■
36,
290
130
22%
■I 52c
199
4%
May
1.09 Mar
Mar
206
Feb
80c
1.60 Apr
May
;
British
Light
Range Since January 1
Low
23
British Amer Bank Note Co——*
Apr
5.35
.
Jan
20
400:
13%
100
Mining -Y—.——.
United
<13%
—1.19
common.
235
13%
32%
keMJufft*
Union Gas Co
15
/
—1
Class, R—.j
tanseununeiiEai
5,520
41
—
Traders Finance, preferred——.
i
55c
//!--,
100
Expiration
Finance class A
1.66
52c
ii
—
-
—u..:
1.05
%"■?: 41
»i.
,
;Y;Y;
*
common...
21
1.66
__._1 \
*
common...^.
20
21
1
Mines
Iron
Class
•'
..
Apr
55
Apr
4.35 May
.22
——^.*
& Power.
•
Brazilian Trac
Shares
High
23
Mines -Limited,!
Jan
26%
73c; Mar
Mara
TIP Top Tailors.-—..-—j..—
■
1.95
.
for Week
J'
of Prices
v
Low
1.09 Mar
Sales
Rang®'.
'
'
Jan
..—a
preferred
recK-ttuKnes Uu*a itfiuea
Tnomoson-Lund
Week's
Friday
,
Sale Price
Bralorne
Taku River Gold Miwog
10
:/■!/ Last
29,418
3.40
,
80c
MARKETS
MAY
STOCKS
i
74c
LISTED
WEEK ENDING
Range Since January 1
High
76c
FOE
Feb
20
May
'
Southmount
Investment
Stop & Shop
Supertest Ord
_
__
Temiskamln?
Mm ma
1
12C
May
3,123
18
4,580
100
32%
35%
16% Jan
18
May
27% Jan
1,520
34%
35%
21
14% Jan
25
32
32%
—
19%
22%
^
24%
——
18%
18
19
*
—
Light 6s Power.i—'
Mitchell (Robert)
Molson's Breweries.^—'
60d
29%
18
Cottons
Montreal
preferred
100
Montreal Light Heat & Power Cons—•
Montreal Loan & Mortgage.^——25
Montreal Telegraph
Montreal Stock Exchange
Canadian
STOCKS
■
'
v'v '
i-
Last
Abitibi Power & Paper new com——
New $1.50 preferred
20
Atlantic Sugar A
preferred
,
com
—
-v>:
*
22%
_100
Preferred
common—
common
Co.
Canada
pfd
Amalgamated Electric Corp.
Anglo Canadian Tel Co preferred
Argus
Corp
4%%
common—
convertible
100
*
50
«
preferred
For
Tel
footnote
25
40
25
,21
see
14
Mar
18%
Apr
50
May
Jan
51
Mar
30
Jan
56
Feb
28% Mar
?
41
32
Jan
T05%
44
106%
Jan
Feb
1,480
51
'
68
67
68
1,346
Apr
24
Jan
Ontario
Steel
Feb
Ottawa
Car
35
33%
35
555
30% Jan
3,250
20%
103
Jan
106%
101
101
220
106
217
Tel
preferred
page
2618.
14%
Jan
26%
Apr
Products
23
common
Aircraft—.—!
63/4
*
6 3%
•
23
1 63/4
21%
25
220
Jan
40
20% Mar
26
Feb
Page-Hersey
Jan
Penmans
100
55
101
May
130
Jan
702
19%
450
55%
55%
105% May
206
17%
54
10
2,050
102% 101
45
98%
2%
32%
70
70
Jan
May
8% Mar
Jan
50
:
.
2
2,417
33
*
77
338
18%
20
l-r'50 V:
425
35
107% May
103
225
109
May
Mar
■
Ltd
River
30
60
Jan
Jan
Feb
5%
Feb
Provincial
Apr
Rights
3%. Feb
Jori
Mar
Ltd common
preferred
12
70
*
of Canada
Price Bros & Co
102
Feb
20
20
56% Mar
Quebec
Rolland
Transport
75
77%
19%
19%
645
19
32%
*
Co
;
J
32
34
2,450
30
17 v;?
14%
17%
9,125
68
69%
*
69%
100
*
100%
Power
Paper common.—:
Preferred
1.20
—
*
*
22
100
106
;
21%
70
/175
1,990
I
..
81
>
16%
2,065
9,375
1,474
19
19
50
106
265
Jan
16% Mar
Apr
105
Jan
73%
102
19%
1.70
1.30 May
17%
Feb
Apr
17%
Jan
1.60
C Apr
23
36
Jan
15%
106
Apr.
34% Feb
54% Mar
100%
22
Apr
Jan
Apr
May
:20
Jan
540
100% 100'/2
16 r.
16
705
.
103%
13% Mar
1.45
—....
:
Jan
33%
.—•——1
Development.
Powell
30
33%
77%
common-
Placer
.77
Feb
33%
Tubes
Feb
8% Feb
Jan
102
103% 103%
Apr,
26
Jan
-Mar
May
19
9%
18%
Light, Heat & Power com—100
Preferred
Jan
29
150
,
105% 106
Apr
May
Jan
72
6% Mar
815
76
76
—*
Ottawa
100
25
565
May
31
Apr
40
Jan
50
24% Mar
63% Jan
i'*,;
Apr
JanP
30%
Jan
285
J Ogilvie Flour Mills common.———*
21 %
Mar
24
29%
31
•
;
!:
44% Jan
135
50
28
29%
Noranda Mines Ltd—...
30
21%
•
&
125
40
21
2%
Corp
Associated
'
50
50
—25-,
29
Power Corp
Warrants
Asbestos
»
"49
50
*
Preferred
18% Mar
100
220
25
106% 106%
National Steel Car Corp.——•
Niagara Wire Weaving
—*
38
6,260
:
107% 107%
100
•
of
20%
.
Highi
Ottawa Electric Rwys
•
•
Ltd
Aluminum
Range Since Jannary 1
i-
—.a—,
Aluminium
7,386
39%
22%
20
125
25%
Jan
47
110
51
41
Apr
28
-
Agnew-Surpass Shoe
Steel
18%
19%
32
;
Low
106% 106%
Acme Glove Works Ltd common.——*
6 % % preferred——^.
—.—100
Algoma
17
50
Apr
Feb
22%
12
40
,
;'tl4l";;;*-' Jan \
5,137
41
Apr
35% May
180
'
Shares
High
39%
r
5%
18%
23
41
,..—100
—:—
National Breweries common
for Week
of Prices
Low
preferred
Acadia and
<
Range
Sales
...
Sale Frice
Par
New $2.50
Preferred
Week's
Friday
22%
Montreal Tramways——-——..100
Murphy Faint Co common
———
Funds
55
May
33
*
Feb
-
180
180
Apr
25% May
|
,
22
20%
109
Apr
Feb
Apr
Apr
Mar
Apr
Jan
[Volume 163; Number 4489
THE COMMERCIAL &
CANADIAN
;;
FINANCIAL'CHRONICLE
LISTED MARKETS
FOR WEEK ENDING
RANGE
2617
MAY
10
T
STOCKS
Sales
Week's
Friday
Par
Low'
'
fiaguenay Power preferredL.--wi--.-100
;
A preferred
Lawrence Flour Mills
Eights
-
/30
367/b
Jan
Apr
41
Mar
Apr
83
Feb
96% May
26% Mar
Lambert
Jan
35% May
Lowney
37%
Jan
60
96%
870
25
25%
3,458
29
34
35%
56
59%
Simpsons Ltd class B—
*
Southam Press Co—
——————
34
34
21%
21
21%
Southern
15
15
21% Jan
121:
Power
*
Standard Chemicals
common
•
Steel
common
•
Co
of Canada
i:Preferred
//
„-,r,,,..23
Tooke Brothers
Tuckett Tobacco preferred—
Twin City Rapid Transit
Preferred
:
^
—
Wabasso Cotton
Walker Gooderham & Worts
10% Mar
16
Jan
91
Apr
84
Jan
94% May
Jan
Preferred —-.J—u—-—•
31
165
6
17%
12%
8,400.
8%
Jan
Distilleries
Winnipeg Electrio
16
5
100
pfd——100
105%
74% Apr
92
109
Feb
140
235
22
Apr
23
Feb
205
May
33
6%
preferred,
:
■
,„
/■
■ ■■■ ■
Banks
s,
,
Apr
170
220
27
26%
25
8
103/4
2.055
16
17%
2.203
15 V* Mar
26
27
4.260
18%
w
21
20%
11%
21
2.020
11%
84
3 0
Mar
13
30
30
22
29
Jan
30
Feb
20
20
32
18
Jan
20
May
79
-79
-; 90
.70%
Jan
79
May
i
30
com
preferred —————————30 •
—.'20
Canadienne ——-'
■■■-/',
;
15
29.
285'
'Montreal
..-/v.,:
20
23
23
22%
'
■
1$
Nova Scotia
28%
23
Apr
Quebec Pulp & Paper 7%
Feb
Reliance
Mar
16%
19%
245
229
-
26%
10 ■'
n
25
26%
928
38%
•
..———10
/Royal
13%
39%
325
25
;
30
Jan
25%
21%
2,550
Grain
16%
Standard
27% Apr
39% Apr
25% May
Jan
Jan,
Thrift
Friday
Par;
Ltd
Co
13%
Low
14
2,260
20%
30
16%
1.022
13
26%
28
2.292
50c
70
7
com
100
——
50c
38
red pfd—100
41
33
41
1.535
33
21
iny4111%
—
70
50
55
7
6.302
96
Calgary Power Co Ltd B% pfd.——100
Ss Dominion Sugar
—*
Co T.tH
95
96
11%
2,450
—
7f& pfdLlOO
113%
:
pfd—100
Canadian Food Products--—
Canadian General Investments Ltd
—
•
•
Hfo
preferred
/
:
111113%
16%
17
106% 106%
__
Ltd
17%
253
443
T86
15
5% preferred •„
Canadian Vickers Ltd
6%
108
108
13%
13%
13%
67
3%
3%
3%
3,275
3%
4
»
/V
——
12%
'
•
2.125
14
Apr
'16
May
64
115
Jan
130
May
28c
30c
3,972
15
25
17%
23
3,145
' 42
173
30
Jan
if
11%
200
30
Apr
\
r
/; 12% Ap r
31% Feb
37
u%
»
'
31
t
»
616<
50-
4%
2.281
18
V
'163 '> Jan
'
178 ^ Jan
'AO'
:;iMay
Mar
4%
100
13
70
0
Jan
preferred
%%
—_10Q
Chateau-Gal
Wines
Claude
General
Neon
Ltd—;
Adv
Jan
108
Apr
3% Apr
15
May
1.50 May
•
Commercial Alcohols Ltd
Preferred
•
common
Preferred—
:
630
1
21%
1,400
4%:
700
7%
150
850
.
13
550
85c
19
20
15
22
15.548
20
20%
945
7%
25
1.75
800
27
*
<73/4'
1.75
————
Cub Aircraft Corp- Ltd—..——.
David & Frere, Ltd, class A——*
Engineering Works Ltd
.
•
Dom Oilcloth & Linoleum Co. Ltd
•
Dominion
Corp..
Square
27
43
171/"
•
18%
21
13%
East Kootenay Power 7% pfd——100
Eastern Steel Products Ltd new com—*
Fairchild Aircraft Ltd
Fanny
5
Farmer
>
-
6%
Eraser Companies
2.40
Apr
57
Jan
3.80
Godfrey Realty Corp—;
Great
Lakes
Paper
...
Feb
18%
128
Jan
Halifax
Hotel
de
7
Jan
400
LaSalle
Co
90c
Gold
85c
May
15% May
15%
Feb;',
see
page
Corp
2618.
Apr
52o
Jan
Mar
,
1,650
3,892
21
21
10
12%
13%
250
:
27
38% Jan
15
Jan
Mar
Apr
2.100
39c
Feb
2.53
25.000
3.500
2.17
•13c
13c
Mines.——"1
..
1.99
Apr
-2.B0May
May
30c,
Mar
9c
Mar
33c
Jan
Apr
4.600
22c
14.200
47o
26%
41c
4.000
3.50
43c
Feb
Apr ':"'v
70c
Feb
Apr
32
Feb
55c
Apr
5
Feb
40c
fv
3.60
91c
3.50
11.600
91&-.
20e
21c
-
May
May
91c
2.000
•2.500
L35 Jan
34<r
32c
30c
1.20
1.15
1.29
'36c
28c
24c
11.700
20.400
1,000
1.75
20c
1.75
1.80
20c
20c
87o
88c
26,700
50c
50c
1.02
1.02
1;02
2,500
65c
60c
Jan
1
Ltd—..i..——......1
—
Mines—
—1
—
15
.
•
25c
May
Apr
3,300
57c
L35
15
Jan
Feb
65c
May
60c
74c
48,600
5c
7;%c-
37.301
5c
84c
98c
16.400
84c
*—
20%
8%c
20%
8%c
1.01
1.02
2.000
May
Apr
/
■
Apr
it//'//./,
1.55 Jan /'
1.15
,
22
—.—>1
Feb
.———I
..........1
Mines Ltd
Mines Ltd
.
—
u£;
Feb
2.24
Feb
20% May
5'
9c
May
26%
Feb
;
/ 8 Vic May
1.41 Feb
;4
•
6c
2.000
Jan
1.01 May
Ltd.—...1
—1
27o
26c
28c
4.600
26c
Ltd.
——1
3.60
3.50
4.00
7,100
3
67%
68%
85
w
8.85
8.85
500
Mines
Louvre
—
1
28c
28c
2.30
2.40
-
,
May
'
25c
3.000
66
Jan
118
43c
Ma>
8
263/4
27
1,320
26% May
75c
525
32c
7.60
•
-Jan
75%
Jan
410
May
65
13
1.447
53
25C
Yellowknife
—1
35c
34c
41c
Ltd———~—*
—1
25c
30c
28.300
—
.
Mar
3.85 Jan
10.450
•
25.900
Feb
46c
May
6.25
Feb
7.80
May
■
20c
:
May
37c
Jan
240
Feb
42c
Apr
——....———1
—
2.24
80c
•
Standard Gold Mines
1
Sullivan Cons Mines Ltd—1'
Waite Amulet Mines Ltd
1
1.00
15c
800
14q
Mar
23c
Jan
25C
25c
8,900
25c
Mar
38c
Jan
1.00
1.00
1.95
2.25
2.500
80c
80c
7,310
75c 75 %C
--
Gold Mines—
27
5
26
Mar
30
31%
845
26
Mar'
60
62
205
59
Apr
21
25
16%
Jan
*
1.25 J an
17% Feb
70% Apr
26
"
3,100
ioo
15.397
95c
15c
200.
1.00
May
1.54
1.07
Jan
3.65
Jan
80c
May
1.45
Jan
65c
Jan
Jan
1.15
34% Apr
63
May
.7' 4
"'••7% '• 73/4
7
930
4
21
.
Westville Mines
20c
19c
22c
/17,900
2.70
2.50
2.70
3,300
4.50
4.50
IOO
28
*
,
'
.
25 % c
28c
31.090
^
•V 4.90
.4.90
60
1.03
;/
Wright Hargreayes Mines Ltd
95c
;
Oil
Stoelwx;/'/////v
Jan
1.49
Jan
6% Mar
7
25c
5.15
Apr
Jan
42c
3.50
4.90
32c
6.45
Jan
Feb
Jan
Mar
Feb
;.
Anglo-Canadian Oil Co Ltd
British Dom Oils & Dev Corp™—
Apr
Home Oil
Apr
l.OOO
35c
500
3.05
3.15
650
6c
3.15
1.03
35c
Homestead Oil & Gas Ltd
Co Ltd
7c
3,500
17%
18
920
'•
May
May
19c
May
2.50 May
4.50 May
/Jan
'
4
Stadacona Mines 1944 Ltd
32% Jan
Feb
27
:>
Jan
12%
2.30 May
900
20c
1
—
Feb
69
■
7.50 Jan
Jan
5% Apr
30c
7.60
y—.
Sherritt-Gordon Mines Ltd—
~1
Slscoe Gold Mines Ltd.——1
Sladen-Malartic Mines Ltd
1
May
35
30c
7.60
Ltd
Mines*———————.IT
Senator-Rouyn Ltd
5% Jan
Jan
Ltd!.—1
; 24C
Cadallic Gold Mines
; Red Crest Gold Mines
14% Feb
1.330
6O0
-
-
67% May
8.85 May
1.500
-1
Mines
Gold Dredging
Quebec
Feb
107
89
,
Apr
19%
Apr
1.02
98c
,
2.05
Tl5
May
50c
'
Jan
;/:{/>/
177
i --v;
Jan
77o
Mar
400
15%-
49c
Apr
60c
5V2C
Lake Mines———————u—..l
Gold Mines Ltd
1
Jan
1.45 Apr
58c Mar
.1,000
75c
•
Mar '
80c
15,100
1
Mines..
'
4
16c "• Apr
-
?*^1V».1>
60c
Mines
;
Jan.
28C
26 Va
100
Jan
49c
May/
16c
7,100
13c
60%cMar
;
Apr
May
May /
30c
33c
-50C
,
"
Jaoi
18c
30c
31c
Feb
34c
57c:;;Jan;Zf
//
Mar
1.300
1
1
(1945) Ltd
87c;■••: Feb
■
■
16c-
2.100
—
1
Pato Cons
20% Apr
6%
;
;
ll%c Jan
13c
36.510
30c
—
1
/
9c
9c
30c
31c
Z
3.000
40 %c 42 %c
40C
Pitt Gold
May
17% May
>
Mar
v
-41C
29c
Rochette
4
54
May
26c
Jan
:■54o" Mar
500
59C
New
May
26% Jan
May
11% Mar
165
22c
40c
O'Brien Gold Mines Ltd
43
Jan
20
575
-
/
59
107
21
/
2%: Feb
Apr
13y4
5.200
•
May
Apr
7c
6.150
Mclntyre-Porcupine Mines Ltd...—.5
Mining Corp of Canada Ltd—
*
Apr
Apr
7% May
443^ Mar
19 y8
25c
26%
£
15c
"55c
Ltd.——
Mines.
27c
55c
16c
Gold Mines Ltd
Macdonald
23
,
1
47c
Mines™
1.100
14.500
Z
'P-K /?•.V"
Pandora
23
14%
—"2
„•
;/; II
29%
Lingside Gold Mines—.
Jan
20
May
13
'1; 7.
Jan
8C
13c
Mines.—.—I
Lingman .Lake Gold Mines
Jan
1.50
,
73/4 May
1.75
66%
3iy~
May
16% Feb
24
'
24c
48c
Gold
Lake Shore
6% Jan
8% Feb
Feb
69
v
Jan
Apr
75c
v'/fS
.
Apr '
Jan
-V/'
1
J-M Consolidated
16% Jan
Mar
7
i4V2~
10
Inc
Hydro-Electric Securities
18%
4
•
30
10
27c
22C
Sullivan
Lebel Oro
;
43/4 Mar
♦
-
...
Insurance
For-footnote
-•
•
7c
2.34
Joliet-Quebeo Mines Ltd—
136VaMay
;
Apr
Mar'
common—
Preferred
17
,181/4
65
27
30 f Feb
24% Jan
r
V
35* W 5
25
//:;/:25:/-:
25c
Ja^k
Feb
62
11% Jan
100
-
■■
-
90
4
*
com
1.292
62
—
May /
16c 18 %c
V'
y,
Inspiration Min Js Dev Co Ltd...—.1
163% Apr
5%
*
Power Sec Corp Ltd
cum red pfd
43
25%
17%
65
,
Foreign
25
131
42
4
Candy
1
Fed Grain Co. 6%% cum red pfd._100 '
Fleet Aircraft Ltd——..—
.* "
Ford Motor Co of Canada class A
,
25%
„•
Donnacona Paper Co Ltd.—.
•
57%. 58%-
•
—
Dominion Woollens
42
40C
/
'V
'
—
"
Dominion
•
Hollinger Consolidated Gold——-h.1
Hudson Rand ——.—....——1
'
4%
...
«
278
•
7%
'
2.50
Consolidated Paper Corp Ltd
Crairt (R L) Ltd.—
12
:
Consolidated Diy Sec class C——*
17,150
65c
•—1
4%
———————^——5
58
18% 18%
136% 136%
12%
.
3%
57
Mines
Goldvue
4y4 Apr
Jan
3%
<
-Mining.—......—.5
Goldora
Jan
98
20
'
•
9c
Goldbeam
Jan
5Va
Jan
*
com
Maiy
9.741
Francoeur Gold Mines Ltd-...-..——
Apr
fiV,'.-
May
23
Jan}
22c
55c
42c
Formaque
Feb
18%
150
'
•
Gold
Fontana Mines
Apr
39%
>
15
14
27c
Mines——.1
Found Lake Gold
62
Jan
57
Jan
22C
22c
—
avX,
186% Apr
Feb
3%
.29
-
—*
.i,
——
Elderidge
,-v
13%
1
29
29
Ltd—1
East
Feb
253i
-
/: 12%
•
Ltd
common
10
.
30c
12% Mar
367
24
30'
Mar
25c
15
31
10
Bouscadillac Gold Mines Ltd»«—trr,
Elder
799
2
Limited
,,
28
167/a
V"
'
Cassidy's
■
30
•:
Duvay Gold Mines—————
Mar
2.418
Canadian Western Lumber Co
;
23
—,
•.
Dome
18% May
16%
Canadian Westinghouse Co
.
25
v
111
Jan
15% Jan
•'
Beaucourt Gold
Cournor
19% Aor
34%
,
Jan
12%
16
Century Mining Corp Ltd—
1
Cheskirk Mines Ltd.—:
113% May
Apr
15%
150
UV/ihpt'
130
.,,.25
Corporations class A—;"..
62% Jan
31%
150
Jan
22%
«
common
1st pfd
Centremaque
Apr
29% Feb
u.,*
1Q0
'
Feb
11
29c
Central Cadillac Gold Mines
108
34%
common.^——*
(1% preferred
/;'
t
70
6
?
106% May
590
70
Canadian Pow & Pap Inv Ltd com
108
200
128
Cartier-Malartic Gold Mines Ltd—.1
Apr
Apr
Jan
14%
100
6%
—
89
/
143/fc
——
Beaulieu
11% May
Feb
109
4
18%
8
104
Jan
8% May
ifiiZ1-.:
Canadian Ingersol Rand Co Ltd——.*
Canadian Int'l lnv Trust Ltd——*
?f j 5%
preferred
—100
Canadian Light & Power Co—-—.100
Canadian Marconi Company
l
Jah
25% Mar
14%
Co. Ltd.
BonviUe Gold Mines Ltd-.
52% Apr
>
May
56% Apr
172
Feb
^7% Apr
23
150
185%
245
;•/
100
—
45
'17
209
P'*17
•
855
15%
Jan;
106
6
26
61%
18%
—
Canadian Industries Ltd class B
;
-
107
24
•
Canada Wire & Cable 6% %
107
61%
.
25%
61%
41
: 130
Beatrice Red Lake Gold Mines.Ltd—1
28% Jan
Mar
86
.
Apr
16 y« May
5% Mar
1,504
9%
.
.
Canada Malting
Wa|
Z
Jan
12
12
u
20
Feb '?!
/'58*C
Mar
21
*
Arno Mines Ltd
20% Apr
Jan
38
70
6%
11%
Canada
Can North Power Corp Ltd
Canada
Vinegars Ltd
V
13% Apr
18% Feb
48 %c
7;
'
—.
.
8
'
25% Mar
1
Preferred
Mar
28
Company common
Butterfly Hosiery
'8
360
13%
*
Columbia P & P Ltd
7
15%
•
Columbia Packers Ltd
iiiiVa*
Jan
Alger Gold Mines Ltd———.1
High
-
20%
British
16% May
v
Jan
Mining Stocks
16%
5
:i
15
Invest.
cum
110
46
com
Altamont Mines Ltd
Range Since Jannary 1
High
6
—————J5
Brewers & Distill of Vancouver Ltd
British American Oil Co iaa—
14%
16% May
2
90
Astoria Quebec Mines Ltd.^^^.—.M.l
6%
May
Apr
58
v.;
for Week
Shares
of Prices
Low
Bathurst Power A? Paper class B—•
Belgium Glove & Hosiery com
*
Brown
10
May
112
Feb
58
;:ioo
Securities, Ltd
'#2^
Westeel Products Corp Ltd—*—,
■:4'f M
Sales
Range
.
16% Jan
.
Week's
Last
British
111
United
Montreal Garb Market
—.
8
Clay
/'Glass Z B
Sale Price
Jan
Feb1
109
112
58
United Distillers of Canada Ltd—
Canadian Fund*.
May
111
—50
*
Stores
United
Preferred
1°
16%
'
r
22
■
'
Brewing common—i—.
——
!
Southern Canada Power 6 % pfd
100
6%%
S5PO C KS
27 V4 May
Jap
98%
3
III
>
Sick's
May
23% Mar
Jan
Union Gas
k
Jan
18
.
11% Jan y
121,
75
pfd.100
Preferred
23
Jan
33% Jan
20
Jan
11%
.
Feb
..20Va May
13%
16%;
112
/ Sarnia Bridge Co/ Ltd—'
iQ
Jan-
8
'
Southmount
/
15
107
....
.
29
28
28%
14
107
13%
Light & Power com—
6% preferred
100
Nuclear Enterprises
Orange Crush- "pfd—^
40
28
90
•--■'/
.
,
107
Nova Scotia
Jan
34
28
Jan
27
Jan
525
40
Feb
106 %
17%
17% Jan
Mar
28
'•
104%
10%
Power Corp of Can 6% cum 1st
6% N C partio 2nd pfd
>Jan
13
40
'
Mar'
Jan
24
24,843
40
28%
320
Jan
Mar
:
-
Commerce
;,,/
25
31%
205
19%
n
"
912
106
35
Apr
27
,
30
££/v,
30'/a
105%
Jan
•; 17 %
5
Moore Corp Ltd^,.—
—».■
Mount Royal Hotel Co Ltd_u———•
/
May
13%
■
29%
■
28%
common—*
Paper Co
Locomotive
May
440
23
Jab
Jan
44
Jan
Refrig & Storage
103
Jan
1,410
18%
•
Jan
Jan
Montreal
Apr
91
26
Zellers Ltd common
.:;/.5% ■ preferred—————23
34
Feb
Montreal
17
88
22%
Apr
'15
Apr
14%
2nd preferred.
Jan
25
Ltd
Ontario
1st
103
205
common——*
16
•12%
10
&
Feb
13 Ve
126% 140
—
.
12
595
.....
Western Grocers common—.—
Weston (Geo) common-,——..*
Wilsils Ltd—
«
765 '
2.883
Preferred
Apr
May
24% Apr
Jan
103
23
■
Melchers
:
183
5
20
23
11%
91
13%
Feb
8% Jan.
V
44
Jan
40
183
■
Feb
53%. May
Jan
79
182
140
14
13%
14%
■
225
44
4,950
Minnesota
/-».*7/
;Z;
11%
17%
McColl-Frontenac Oil 6%
23
•
com
13
Jan
16
Jan
17
/
May
May
52%
42%
16
•
450
II
:
17
Jan
320
1516
-
12
75
29%
14%
538
1.075
42%
80
14
1
}.
(t
High
17
Feb
*
Maple Leaf Milling Co Ltd common
Massey-Harris Co Ltd 5% pfd
94 V*
/
13
•
Apr
Apr
89%
17
10%
100
100
34
25
12%
12V*
.-//«£
'
May
15
*
17
53%
52%
•
Jan
93
183
ioo
Ltd
Jan
88
-
15%
,12
—I
18%
40
«,
Co
Inc
MacLaren Power & Paper Co
*
—
(Alfred)
25
30
93
100.
Jublishing Co of Ottawa Ltd.*
445
14
89%
-.
United Steel Corp——————————*
Viau Biscuit common
——•
,
,
Journal
35%
Canada
Low
4% Mar
95
*
.-•
n
16
,
Feb
w
•
Paints (Can) Ltd class A.—.*
17
Investment Foundation Ltd
com.—13
;
6% conv pfd—
—,_50
52%
34
710
common
High
lnt'l
// 3
455
25
Paper preferred——100
Shawinigan Water & Power
•
Sherwin Williams of Can
Sicks' Breweries rnwimnn
35
90
St Lawrence
Apr
9% Mar
412
34-
3%
/■
/ • v- ,r
Range Since Jannary 1
Shares
106
Jan
7% Mar
3
,3%
;
—
for Week
of Prices
Par
100
31
■/.
com—«—.*
.
103%
1.335
Sales
Week's
Range
Sale Price
High
••//;. LOW
f 100
',.
34%
an;,,
St
Range Since January 1
.
105%
8%-
8%
8%
,
Friday
,
Last
Shares
High
105
105%
St Lawrence Corporation common-—*
STOCKS
;
for Week
Range '
of Prices
;Sale Price
8% Apr
Royalite Oil Co Ltd
18
1.00 Mar
35c
Feb
3.05 May
6c
May
17% May
1,35
Jah
46c
Feb
4.40
Jan
10c
Jan
25%
Jan
:
"fy:
THE COMMERCIAL & FINANCIAL CHRONICLE ' *
2618
Monday, May 13,1946
v
OVER^HE-COUNTIR MARKED
'"w!
*
Quotations tor Friday, May 16
For
Specialists
'.>'5
Quotations
in
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
M
'
'
4
Firm Trading
r
............
.
Markets
V
,
120 Broadway. New York
Co.
«'»
Phone:
Tele. NY
DIgby 74950
■■
"i
"
2-8700
REctor
1
Bell. Teletype NY 1-953
v
>.
t
.
1
,'1
1
nr"
1
1
1
1
■
'
r
1
Hi 11'
11
■■
'v;'-'vv.
•''"fh'•'*" /V
'7'
1-1287 & 1-1288
Direct Wires to CHICAGO *4 PHILADELPHIA ~
,
Exchange Place, New York S, N. Y.
Members New York Security Dealers Association
Established 1920
-
Members New York Curb Exchange
t
40
Tel:
&
S
*
Members New Ydrk Stock Exchange
250 ACTIVE ISSUES
Ward
l'1%'Ui 'Am
'71
'\"i\
•
;
Real Estate Bonds
on
Reorganization flails
,
(When, as and if issjued)
> Bonds—
Investing Companies
Bid
Par
Mutual
Chic Indianapolis &
1st 4s
—
Ask
B14
Fas •q
Ask
Funds—
Keystone Custodian Funds (Cont ^
,
•'
1
9.92
10.88
11.50
12.61
Affiliated Fund Inc——,,,1%
7.53
8.34
Series
K-l
22.48
.—10
43%
45 y4
Series
K-2
31.28
34.39
Amerex
Holding Corp
1
5.40
5.92
Series S-l...
33.71
12.67
Series
S-2
18.76
Series
S-3_——
16.25
17.89
Axe-Houghton Fund
♦ New common
Axe-Houghton
20.41
——
,8%
106.53
26.65
28.60
Fund Inc
New common—:
Mutual
24.59
26.94
Nation-Wlde
4.90
5,60
—*
35.17
37.82
Ltd
Fund
Inv
Century Shares Trust,,,.,.. Chemical Fund
■>
7.65
25.91
Low
250
2,07
Low
Balanced
Fund
—1
Fund—*-J—1
Fidelity Fund Inc
•
Financial Industrial Fund, Inc.
First Boston Corp
,—<10
First Mutual Trust Fund
-D
Fundamental Investors Inc
2
28.11
Stock
18.22
; 30.05
19.48
30.85
33.22
Fundamental Trust
.
9.53
12.19.
8.79
9.93
iv
10.48
11.84
—
—
:
>
14.65
—
Utilitv
shares
•
,
..
1
Electrical
107%
Automobile
4
37%
Maryland
Casualty-
5
11%
12%
0
23%
25%
Massacnusetts Bonding
Merchant Fire Assur
American Fidelity & Casualty_5
American of Newark—
3%
American
Reserve
10
20%
22;%
National
/American
73
76
42
45
,25
Surety,
Automobile
Baltimore American
17.38
10.19
2%
Bankers & Shippers
78
29
12.76
Camden Fira
18,56
City of New York——10
Connecticut General Life——,10
33
18%
Fire
7%
—4
4
—
8%
Casualty
28%
—:10
Union
30%
67
(Detroit)., 10
National Liberty
70
2
7%
7
20
——
Fire
6
5
202
212
Jv Newf Amsterdam Casualty
f Njetf Brunswick
82
-
Continental
18.63
Crumbs Forster Tnn
2
10
35%
32
New Hampshire Fire—
10
53
15%
55%
17
24%
26%
?
37%
34
30
Gibraltar
17.72
19.05
5.26
5.78
1
8.08
8.85
1.00
1.10
35.53
19.48
18.60
Series
250
20.38
39.88
17.54
28.82
21.21
23.13
Wellington Fund———_1
11%
13%
36%
39%
101%
33%
Great American■> Hanover
22.56
....
9.10
2.94
3.30
.,1
3.55
U S El Lt & Pwr Shares A—
V
64%
89
92
127%
132%
Bid
?. ;cg
Bonds—
j,i
&
PoW
Vt
Conn
Erie
Pub
Lt
Lt
RR
&
Serv
3%8.*19?4
105
■-
111%
,',1975
103%
110
.
102%
103%
106%
.—1975
106%
107
1965
1975/ 103
Power. 2%s
0.90%
l%s Jan.
1, 1953-1951
2%s Feb. I, 1955-1953,^.——
100y4
100%
IOOV2
April 15,
Panama Canal 88-
.
,1.
3y8s—1975
106%,
107
Rate*
1946.
1%%
100.11
100.12
tMar 15 1947..
l%%
100.9
100.10
t%s June l. 1946
tSept. 15, 1947.
tSept. 15, 1947
tSept. 15. 1948
1%%
100.22
100.23
/
t.09%
1%%
100.12
100.13
1%%
JL01
Certificates
t7/ss Nov. 1,
f7/8s Jan.
I,
1, 1947
1, 1947__—
t7/8s March
I%s April
1,
1,
1947
1947
r"
108
112
106%
109%
107V4
106%
-
.0050
Bills
purchase
«»(d
;///«•«
June
13.
June 20,
0.28%
b0.375
0.33%
0.375
0.33%
0.375
0.33%
/ ' July
b0.375
0.35%
b0.375
0.34%
i
bO.375"
0.35%
bO.375
0.34%
>
bO.375
0.35%
Z>
1946—
June
A**''*1
>
1946.—
1
0.35%
b0.375
0.35%
bO.375
Attg. 1, 1946^
Aug. J$, 1946****.**——*_,
0.34%
bO.375
July 11, 1946
July 18, 1946—
25, 1946——
"
W**
b0.375'
27, 1946—
"i July Su 1946.*—.
0.35%
.0089
-
.0139
a
lot sales.."
Odd
.0131
.0092
,0169
k Removed
.0115
r
Ask
b0.375
.
16, 1946—
May 23, 1946—
May 31, 1946——*
June 6. 1946
.0070
,
—
Quoted kr© M discount
.0117
.0063
f1946__,
t7/as Feb.
'4i\
.0037
:—
1946
Dec.
AXk
Bid
Indebtedness—
of
July 1, 1946
Z<Zt%S Aug 1, 1948
t7/8s Sept. 1, 1946
/ t7/8s Oct. 1, 1946
t7/8s
^X.Y
108
Bid
Dollar Price 10© Plus
Maturity—
,
100%
i33%
131%
Figures after decimal point represent one or more 32ds of • point
101.1
100%
United Slates Treasury
101^1
,—1961
Quotations For u. s. Treasury Notes
%«k
104v
99%
1976
105%
May
Rid
98%
0.80%
Tr*a«lfy T)iHs—
Int. Rate
C——1991
Ilk
b0.90
1946.
U S Conversion 3s,_—,...-1947
.
101"
-
104%
Other Itsuu
104%
110%
1975
Elec 3V8&
1011J
>104%
104
:
109 %>
3s—A***r1974
light 2%8.1975
Home Lohfl Banks—
Federal
99%
104%
Power &
Preferred Stocks-aFar
-Central PoW & Lt 4%—-*—TOO 106
•107
Merck & CO $3.50——
Monongahela Power 4.40 ^*.106 110%
105%
Potomac Edison $3.60
100
•108
Ruppert (Jacob) 4'/2%
100
Sioux City G & E 3.90%
100" 106%"
Union Oil (Cal) $3.75———.U*
105%
105
(Indiana)
103%
103
Elec Service 2%s_.*-*1975
Utah Pow & Lt 2%s.
107
,
104
Serv
102Va
Union Pacific 2% ser
98 y2
106 ''
Pub
101%
92%
106
Ry 3%s_1980
Elec
96%
Gas & Transm 2%s*_1966
Texas
100%
97%
1974
Lt 3y2s
Gas
93%
Texas
i
y«s.*i975
Laclede
103%
92%
95%
Tenn
9i%
104/
99%
102%
2%s ser G
100%
99%
98%
1961
104%
111
'
K_*1980
ser
m
103
Southern Pacific 2%s ser F.1996
106
r
.1975
—1971
Sioux City Gas & El 2%S—*1-075
110%
^-**.****4f-.-,ii.1953.
Portland Gen
*i«
Public fierv (Okla) 2%s
Shfell Union Oil 2%s
1975
NY Chic & St Loul^ 3S—'.1986
99%
'41
'
Bid
Ask
lv8%
107%
**1974
2%s
Pwr 3s
2s
Narragansett
100%
38%
Recent Security Issues
Montana
1, 1950-1948—*—**
1, 1952-1950
52V4
/>U: 6''Guarantee,^,^rA**,****44l0
Westchester Fir®,****—****1.56
Monongahela Power 3s
Federal Land Bank Bonds-*
660
32%
;>■//'
■
Kans Okla «fe Gulf
Ask
35V2
645
50'%
Mihneeota P6W & Lt 3
Bid
126ya
38V2
61%
2%s series Q/i—***,*4.—2010
2%s series R
,1961
Page 2600
Obligations Of Governmental Agencies
Travelers
56%
37ya
35%
122
m
M
Houston Lt & Pow 2%s_
for new york city banks & trust cos.—See
83
53%
•
26
<
27
U S Fire,*.4
Great Northern Ry—*
2%s series P—;
—1982
4.10
Series 1956
8
33
80
Standard Accident—10
O S
,
-■
30%
Hartford Fire——,1,..—iq •
Cent
8.00
1
Series 1955..—.—
.
->
>
25
35%
—10
California Water 3%s
.........2.00
D
7%
31
Revere
Fidelity ta Guaranty Co__2
preferred
Arkansas
30.70
Series' B-8——»—- >20.58
B
15
Globe & Republic
—
Globe & Rutgers Fire com
Birmingham Electric 3s
Trusts—
Unit Type
Diversified Trustee Shares—
30.18
28.00
Springfield Fire & Marine
29.16
Independence Trust Shares*****.
North Amer Trust shares-
*——-*—————
61
13.92
26:67
17.93
B-2*—-———————
23%
10.37
9.48
12.73
Fund
1.32
B-l
41%
21%
10
23.76
Union Preferred Stock
1.09
&
'■
25.44
21.73
A
Serie.^ C——-i-——»*—
Series
39%
,
1.27
24.67
B ..*,•******.*** .,***.
series
Reinsurance Corp
58%
-
>
•
6
.
::>98
66
65
1.14
Fund
r'' ,»!&■,<'.
Marine—,10
Glens Falls Fire,
17.12
*• w
rL„
97%
20
15.70
UnioAvBond
2.07
16
1
t
(NY)—,—1*,2
Republic
(Texas)——4*.a*10
(Paul) Fire—-——*,*10
£t Paul Fire & Marine—12%
Seaboard Surety,
——10
Security New Haven.*.—10
.
65%
44/ '
27%
2%
94
4iya
25%
11.00
2nd
62%
10
Providence-Washington —**.10
16%
119.85
10
61
120%
117.47
Indemnity Co—
14 Va
15%
lOo
State Street Investment Corp—.
1%
Pacific
Phoenix
116%
Fire
102
58%
Newark,.-
Fn-a
93
97
Preferred Accident*,-—**——.!
10
^Franklin
89
28
73%
10
Phlla
of
.12.50
Fire,
42%
Fire Assn of
Fireman's Fd of Sun Fran,
9.07
,.
^8%
.
Pacific
>.>38:,V
177 •>;?' 181
••63 ,' >
60
10
-
Firemen's
——*L—
7%
69%
10
—*
20
15.65
..—,5
—
58%
Federal
12.25
Fund, Inc
€.32
"
Fidelity & Deposit of Md
1
Sovereign Investors..—
Standard Utilities
1? Northern
:
36
•
10.83
1
Fund
(Geo)
79
'
"76
V:56-\''>-
21.45
11.15
Trading—*—
Republic Invest Fund
i> Nertheastern
9.85
Scudder, Stevens & Clark
-
26%
40%
Employees Group—
Employers Reinsurance
8.25
&s
24%
5
,.Vl.iff
General'Reinsurance Corp
Putnam
New York Fire—,———5
North River,
3.50
25%
19.54
——
.
.
15.88
Casualty
^ tj
24
12.81
'13.28
;
74
>70%
a
15.74
11.66
——.*—
7.14
36.69
10
,10
—
14,03
14.46
—
——
—
—.
6.13
>
Boston
16.82
12.09
&,
Selected Amer Shares—
17.78
99c
1.20
..—.—I
Monarch
•7%
7
12.88
12.77
stock—
—
Petroleum
',7.44
6.76
Series
15.
99
31
8
Y
Fire N
17
94%
1
12%
National Fire
10.01
Keystone Cu8tr<*ian Funds—
tDec
Mfrs
8.35
tJnicn Common Stock Fund B.-„
Insurance Group shares
Maturity—
&
13%
38%
19.33
14.25
8.66
33.04
8tock and Bond Group shares.
Investment Co ofAmerica
May
-1
43
21%"
14.33
Railroad
7.03
2.01
Bank Group shares..—*—
1%S Oct
Merch
Casualty
12%
•
16.97
Trusteed Industry Shares
Fund Inc
—,—100
Aviation Group shares.*—..
1%S
110
39
25
35
Fire
Equitable—.
16.91
—
Railroad equipment,,.——.
.
Securities Ltd—
Investors Fund O,
10
20
23
10
-
11.61
equipment
Merchandising
4.22
1%
Incorporated Investors.—,,*—,5
Institutional
—10
Insur Co of North America
11.72
.
'>7.57
Foundation
Homestead
National
.
6.49
—
chares
Common
53%
89
36%
18.36
——•
5.57
,
shares
Huron Holding Corp
Income
7.88
3.83
—
shares
Steel shares
Tobacco
Alliance—
51%
86
20%
1
..1
.
-Metals
7.03%
0.39
shares—.,—,,—,—.
stock
33%
18%
10
I
—
10
16.08
.6.39
Railroad
48
20
Life.—*!
Mk
45
32%
16%
15.32
stock
Machinery
13.00
10.75
RR Equipment
Hartford Steamboiler Inspect—10
Home
4,0
Re-Insurance
5.75
9.27
Sid
Fu*
61
100%
v
Jersey Insurance of N Y
Aetna
5.64
11.81
Petroleum
58%
American
5.19
5.08
7.54
1
15.83
Insurance
11.12
Railroad Bond shares
s
9.50
")"•' r'
_____
10.91
10.60
Mining shares——
>■
American
>7. Diversified Speculative
:
10.44
| 9.50
-
Low Price Shares—.
%
American
6.96
Diversified Investment Fund—
10.16
9.25
Merchandise shares
:
American
8.54
6.22
Aviation
Chemical
.
7.44 >
Investing
■vx
■•
15.18 ;
6.76
shares—-
'7
11.00
11.10
bond shares—
General
11.43
7.77
seri<
England Fund—;
11.02
Industrial Machinery sharesInstitutional bond shares
X
10.29
stock
Building supply
—
Business
Equipment
13.83
——
Administered
American
m
series
Bank
•"8.00
Food shares—
Fully
7.06
LJ
—
'■c / Agriculture
v
Automobile
8.67
Electrical Equipment
V
6.39
97
10
■
=;;: Agricultural,
V-
Blft
10
Aetna
.
10.01
shares—
Chemical
60
Insurance Companies v
fork Stocks In©-*
6.83
10^3
shares.
shares—
Building shares-——
.'
58
—
■
shares—,——
Aviation
8.13
New
V'^- '■ ■ ■'..'•>■
•
6.50
Group Securities—
Agricultural
15.01
7.41
New
7.97
51.06
General Investors Trust—
.
13.88
1
...I
Security Series—
priced bond series
1——
priced stock common—
Stock
39.68
6.99
Preferred
Aetna Casual & Surety
Speculative series
9.09
36.21
General Capital Corp
---Automobile
17.41
Selected series
2.81
8.18
shares
16.22
.—.——„
57%
55%
25
83
Fur
Securities—
Preferred stock scries—
-X
& Howard—
2.56
19.78
shares
Industrial
7.04
Eaton
.
68"
23
102
81
19.80
18.10
10
Inc
semes
Income series
1.89
Dividend Shares
66
Preferred
81
102
100
35.42
18.41
Bond
23.91
Fund—
Delaware
-
National
1
Commonwealth Invest
31
10.17
32.94
National Investors Corp
151V
145
100
Preferred
9.25
I
Fund
Invest
Balanced
18.40
17.01
1
3,270
Securities com—100 3,170
Christiana
76
29
com
61.50
.*1C0
—104
—
Investors
26.17
Fund Ltd—*——1
Grande
Rio
St Louie & San Francisco com—
fit louis & San^Frahclsco—
-1st 50-year
1
2d Fufcd.—-—l
Common
24.21
.
79
100
l—x-2018
—1993
&
'
Mass Investors Trust
1
:
4%s
43
74
preferred
Denver
Income 75-year 4Vas
60.27
"A
•
5%
96
Manhattan Bond Fund Inc*-
9%
Mass
•
Canadian
Sayles Second Fund—10
110.97
—5
-I
Income
21
41
—*
Common
107
94
4%kii—»72019
19
A
Chicago Rock Island <te Pacific—
Grande-
Rio
&
1st 3-48 Income——.
>
8.33
Sayles Mutual Fund—*
-
84
105'
4S,:—I—«w1994
Denver
133.77
Loomis
21.95
syai'ii£
8%
—1
Broad Street Invest Co Inc—
Bullock
|
9.72
7.52
Fund
Loomis
America—
of
Tr
10.89
B— ; ;;
Fund
New common—
8.76
Series 8-4
Knickerbocker
V'
10.13
—
Beneficial Corp—
Blair & CO—
inv
9
Inc—
-
Boston
1st
Cony^ Income
20.64
9%
<
37.02
11.68
Assoc'ted Standard
Bond
ScriesB-4—
.
Foreign Investing.lOo
Oil shares—
American Business Snares
American
;
■'
82
—
2hic Ind'polis & L'svllle class
102.
Chicago Rock Island & Pacific—
24.65
Aeronautical Securities
100
—2003
2nd 4%s
'-f
Stocks
Louisville—
1983
Ask
Bid
Ask
Bid
,
.0208
t Ex-stock
.0190
.0300
.0154
.0318
:>
.0274
.0434
.0481
'.0657
*No par
ilEx-50%
§Stock
"Auto
Co.
Stock
dividend.
.0281
.0174
to
(Un)
each
two
of
one
Canadian
r
value, tin default.
Stock dividend.
distribution
for
price.
cCash Sale. dDeferre'd delivery,
e Ex-interest. ^; f Flat
market.
s Cash sale—not included in range for year-.'
Unlisted issue,
x Ex-dividend,
y Ex-rights.
"•*/';
b Yield price.
Exchange,
.
tThese bonds are subject to all Federal taxes.- •
.
•/''
/>
VV/:'/'; v
••
-.
additional Share of. $10 pa^ capital
issued March 29, 1946."
shares held
//.•.,/">
V
stock ©f Fouh
'Wheel
>.;/>'.>
/
brivc
■
Volume 163
Number 4485
THE COMMERCIAL & FINANCIAL
CHRONICLE
Complete1 and exact detail? for the week; covered by
the foregoing will appear in our issue of next week,
! We cannot furnish them today* in as much as the week
ends Saturday and the Saturday
figures are not avail-
able at time of going to press. Accordingly* in the above
the last day of the week in all cases has to he estimated,
In the elaborate detailed > statement bowevr, which
final
present further below we are able to give the
; we
results, for- the week previous-^the Week
erided May 4. For that week there was an increase of
17.1%, the aggregate of clearings for the whole country
having amounted to $13,838,543,135, against $11,816,606,529 in the same week in 1945.
Outside of this city there
was
an increase
of 11.9%, the bank clearings at this
center having recorded an increase of 20.9%.
We group
and complete
the cities according to the Federal Reserve Districts in
which they are located and from this it appears that in
; the .New. York District (including this city), the totals
show an expansion of 20.0%, in the Boston Reserve Dis¬
trict of 19,1% and in the Philadelphia Reserve District
of. 12.3%., In the Cleveland Reserve District the totals
are smaller by 0.7% but in the Richmond Reserve District the totals are larger by 14.9% arid in the Atlanta
Reserve; District by 23.5%^ : In the Chicago Reserve District the totals show an improvement of 15.0 %, in the
jg St. Louis Reserve District of 7.6% and in the Minneapolis
Reserve District of 15.8%.. In the Kansas City Reserve
District the totals record a gain of 11.2%, in the Dallas
Reserve District of 30.2% and in the San Francisco Reserve District of 7.3%
furnish a summary by Federal Reserve Districts:
\
SUMMARX OF BANK CLEARINGS
Week Ended May 4
1946
?
1945 "
Inc. or
Reserve Districts
1
$
$
Dec. %
In the following we
j
%
.
.
*; Federal
1st Boston —±
■'
2d
New York
3d
Philadelphia
4th Cleveland
5tfy Richmond
6th Atlanta
.
7th Chicago ;
Louis
8th St.
•
9th
—
Minneapolis
City_.
..
10th Kansas
11th Dallas
Francisco.
12th San
10,457,922,168
r
Total
City.
Y.
N.
Outside
the Cleveland Reserve District the totals- are - larger by
0.3%; in the Richmond Reserve District by 17:3% and in
the Atlanta Reserve District by 23*5%.,. The Chicago
Reserve District enjoys a gain of 2.3%,-the St. Louis Re¬
serve District of 18.6.% arid and the Minneapolis Reserve
District of 21.0%; In the Kansas City [Reserve District
the increase is 17.4%, in the Dallas Reserve District
22.4% and in the San Francisco Reserve District 11.9%.
today a summary of the clearings for
April. For that month there was an
increase for the entire body of clearing houses of 21.1%,
the- 1946 aggregate of clearings having been $56,864,We also furnish
of
month
the
1945 aggregate $46,954,425,855. In the
District the totals show an improve¬
ment of 28.6%, in the Boston Reserve District of 14.6%
and in the Philadelphia Reserve District of 19.8%.
In
441,865 and the
New York Reserve
Month of
1946
$"
April—
Federal Reserve Districts
York
New
3d*
Philadelphia;?
4th
Cleveland
5th
—;
Richmond
-LiuJ.
.-jL.
6th ' Atlanta
;
a
7th
Chicago
8th
St.
L
aa+t-—
:
—Alt
Louis
-
Minneapolis auii
10th Kansas City*-—
9th
Uth Dallas
;
<
-
12th San Francisco
'
Total—
:
Outside
'
—
-
Y.
N.
2,074,664,424
31,863,215,359
56,864,441,865
append another table showing
We
"
-
14 cities
14
"
Boston'
1st
York
New
3d
Philadelphia
4th
Cleveland
5th
Richmond
oth
Atlanta
7th
i
—
Chicago-
-
*
St.
Louis
City—
•11th Dallas
t
•
Francisco
/vf:
•>
7?*<•-
.
-
.
.r
'
Outside N.
The
Y.
+
<r.
13,403,976,286
"
"
11,159,320,292
"5,796,192,714
8,610,474,853
"
17,783,209,359
"
4,566,556,888
7,456,353,924
5,772,423,793
19
"
•
17,749,3^1,454
5,389,992,913
3,613,743,836
6,510,490,098
r •-4,897,742,457
...
I;
^.i.'
4
224,577,645,944
: •'
,7198,715,996,051
,
-
3,128,342,409'
'-
■■ ■ ■ .
+13.0
'
, ... ;
v
• ;•
,
V* 5,716,716,571
1 ~ 3,740,288,228
7,977,394,269
\l:
180,700,894,605 • v ^;~160,'*41,393,969
88,956,699,810
City.
following compilation covers
1.3
+13.1
+13-9
+ 0.2
+12.4
-r
+26.4
sv 3,525,578,202
+14.5 .-r- 3 6,217/720,598
-.+17.9 • '
4,283,302,440.
9,357,514,707
+ 8-8 +
8,745,458,666-
10,184,896,360
.
184 cities
4:12.9
11,304,528,943
5,124,985,266
7,55.8,684,998
.
Four Months
1943
^ 1%'!?
.5,, 6,994,585,555
7,056,895,474
94,822,684,10r~ ^+H 81,652,088,567
r 11,278,356,384 ;10,836,307,626
10,828,557,831"
8,943,889,854
• ■' :,7 4,729,164,931 '
i 4,428,971,727
7,017,670,409
5,853,417,048
^ 17,217,387,960
.15,512,120,620
'
5,040,427,528 , V * > 4,594,961,576
Four Months
;^ ;.:;^1944 •-:,~+:+7
Inc. or
Deo,,#
+12.4
+16,2
11,875,961,762
>
6,058,975,716
"
"
"
...;
...
7,288,188,054
108,044,841,563
8,195,342,773
125,589,922,986
17
8
16
-
Four Months
1945
$
Four Months
1946
$
"
.
Total——:——
eral Reserve Districts in the four months for four years:
J
■
?
■
clearings by Fed
16
10
11
Minneapolis—™
>
1,434,808,089
2,547,566,014
7
8th
12th San
1,538,485,128
1,070,446,565
1,833,656,517
31
—
9th
Jf
4,488,620,547.
16
;
10th Kansas
2,827,951,385.
1,449,520,168
2,188,604,652
\ ~
t
Federal Reserve Districts
2d
3,546,903,017
25,784,713,578
City
K;;
•'
-
14 cities
14 "
16 "
17 "
8
"
16
"
31 "
7 "
16 "
15 "
11
"
19
"
184 cities
Boston •£*:
1st
2d
the cleariftgs; by months $nce Jan, 1,1946 and 1945
monthly clearings
Months—
•.<W-
■Clearings, ^otal All-—>
." ;V: • 1945 ;>■■•
;
:7Inc. or
;D?c. %
•
.
53,673,338,763
45,401,473,486
*
52,686,7^7,947
\
151,615,570,196
'
v r; +12.4
'
.
•
+ 9.7
+ ,9.3
+10.5
•Clearings Outside New
York-
■Jan, 1 to
■Month of April-
Monday, May 13, 1946
FINANCIAL CHRONICLE
&
THE COMMERCIAL
•Week Ended May 4-
April 30
1945
1945
,
Reserve District—New
Second Federal
y.—AlbanyBlnghamton —^
.
Buffalo
::
.
..—w———•
Blmlra
«—
Jamestown
.:
«,
,
■
—————-————
J*
oranges^
(14 cities)
7,297,802
492,210,504
26,867,727
698,393,761
3:
108,044,841,563
3,826,005
3,898,050
Bethlehem
Cheetw
I
—————
3,538,407
16,627,329
11,074,591
3,523,973
4,064,927
3,389,000,000
10,206,583
16,560,682
8,320,698
9,470,599
1,116,468
'
HarrisDurg
Lancaster
■
■
-
Lebanon
—«
—
I
Norristown
—
,
Philadelphia'
————
Reading
4
1
'
Scranton ■' ————
Wilkea-Barre
—
"
..York: -——
Dm Bols
Hazleton
;'7^V
——————
4,436,972
30,677,733
30,560,000
-
DeL—Wilmington
j^Trenton———~
District—Cleveland'
Federal Reserve
faarth
8,394,200
707,277,384
3,546,903,017
.
.
cities)——
Total (16
78,284,850
230,595,927
28,947,400
19,097,300
216,404,871
17,439,700
3,141,449
104,264,409
195,281,356
15,656,200
15,026,268
52,344,480
42,972,068
3,247,059
+ 19.4
2,058,513
78,035,238
65,232,620
4,512,960
,+ 13.6
3,325,467
w
48,430,072
'
184,458,922
6,666,212
39,217,071
170,467,745
*>*
4,683,919
4,094.486,332
57,371,183
4,442,559,506
49,041,516
63,758,191
70,048,974
66,630,132
67,690,476
52,743,570
■
—
45,000,723
—
——
Co.
;r
&
—i*;
-
Pittsburgh
% Erie
—
.
55,
Oil City
i?'
—-
Ky.—Lexington
W. Va^—Wheeling
——
Va.—Huntington
fa.—Norfolk
Richmond
———
————.
+ 49.8
+ 24.0
3
+18.6
r
f., c.—Charleston ——
Columbia •
■■ <«-■
Md.—Baltimore
1+15.7
; **
5,758,708
3,019,911
257,339,611
239,917,775
607,243,464
242,777,283
652,486,601
<•>"
62.0
563,645,169
9.2
1,332,328
6,962,000
74,681,145
6,791,000
+
C.—Washington
38.3
1,227,288
3,035,590
169^322*936
156,778*376
147,113,783
58,202/751
2,948,407,948
12,050,928
975,710,558
+ 29.4
——
+ 28.6
1,686,011
8,987,000
74,327,277
2,274,418
175,^8076
89,358,065
+
657,105,478
43/7297231
4wm
40,356^678
2,167,603
7,912,000
97,948,045
33,605,476
.131,237,000
1,558,309,569
47,513,170
+
.
">
».
-
Frederick
6,394,545
11,159,320,292
District—RichmondJ.
fifth Federal Reserve
•
*3»<
——————
cities)—2,82^7,!
Total (17
O.
241,708,780
106,823,938
17,512,780
10,315,170
.
fF-
3,782,621,406
317,278,300
3,507,338
3,700,275
124,291,132
345,307,700
*»}
—————————<—-
Pa.—Beaver
126,443,349
4,';
'
Hamilton
Mansfield
Youngstown
Newark
\i* Toledo
4,849,670
2,114,274,194
3,755,400,228
0'7
Columbus
71,343,754
2,239,472,471
Ohio—Canton
———Xinclnnatt
855,.
Cleveland —————£7/
Lorain
655,937
36,667,652
f,
District—Philadelphia--
—
—
6,869,675
18,192,052
24,775,975,219
.
1
7,79V,341
4.832.194
—
Federal Reserve
Hair*
;
23,880,209
133,598,557
sv'v.Vv ;'.-f :c."v':
fa,—Altoona
■
5,755,388
32,354,253
165,898,257
'
Total
10,285,695
227,590,248
V 117,914,371
1.538.193
,■■■■■
H Northern N.
7
104,827,518,078
53,586,998
Conn.—Stamford
——
j.—Montclalr;—j————
A:::-
53,400,000
1,149,902
824,469
6,096,517,317
28,634,049
•
H.
Newar.'c
1,970,508
vV 31,339,435
1,111,014,425
20,174,999;
A
19,007,525
125,928,412
.■ ■
Rochester
UtlCS*
6,937,788
280",857,000
23,957,559,026
3
'
;7 Byracusa / ■
;
■■
5,094,247
5,079,700
.
,
York:—•
New
:
I-.'"ii
10,107,459
316,709,597
101,919,712
M.
Inc. or
■A"Dec. %
Clearings at—
—12.0
+ 31.8
+ 33.5
2,133,512
+ 14.9
Total (8
cities)—.
Sixth Federal Reserve
Tenn.—Knoxville
Nashville
—.
1.449,
-
<
11
District—Atlanta—>
—
51
10,964,177
49,566,590
—
Columbus
183,500,000
3,985,193
/o
—*'
Qa.—Atlanta
Augusta —
———
——
Ua.—Birmingham
Montgomery
'
Meridian
.
i
——————
Vlcksburg
V.
»*••*
.———
La.—New Orleans1
■
43(
:
2,181
Total- (16 cities)
Seventh Federal Reserve
Dfetrlot—CMeafOr"
11,949,276
1,126,01
Flint
————
12,64
A, Grand Rapids
33,33
4:/Jackson-1.-—4,80
Lansing
16,96
:
Muskegon
#
7,98
Bay City
.....5,14
fnd.—Ft. Wayne
—
15,97
Gary ——————
31,99
.
—J
+ 46.7
6,106,818,783
5,00
IDch.—Ann Arbor
Detroit
34,089,618
——
————
South
Bend
—————
Terre
Haute
———
Oshkosh
Manitowoc
—:
■
;■
Blnomtnc+nn
Chicago
(
——
Decatur
—.
,
I
:
10*24
.
I'ja
ZZ
Total (31 cities)——
Louis
-
—
By.—Louisville
Tenn.—Memphis
601,918
7,987,353
5,823,170
+ 37.2
5,344,214
4,334,940
3,576,562
^692,520
4*258",289
57242,121
.
383,505,172
338,683,824
9.2
+
3.4
+14.6
+
9.1
3,969,655
5,403,895
3,064,796
2,899,687
3974*8*17000
33/7o£OOO
27^694^000
30750*5*000
3,644,912
10,593,812
3,620,210
9,942,146
3,794,842
3,335,116
4475727003
3£91M32
2,438,394
17,609,036
8,462,803
+ 13.8
+ 15.5
+
0.2
+
2.5
+ 31.2
+ 17.3
+
7,250,432
7,892,874
32726*£094
34^65£O92
2,199,347
16,718,556
7,288,194
+ 11.6
16,034,167
7,532,204
610,905
462,410,251
1,692,743
5,550,560
2,364,130
2,009,312
687,221
427,663,142
1,419,235
5,543,600
2,101,763
1,905.478
4.1
2,738,058
23,402,847
9,748,285
+ 39.0
+ 36.0
32,143,843
120,043,250
40,841,035
/: 34,667,906
3,926,703
1+16.3
+ 34.2.
+ 37.47
+
9.8
+ 13.0
+ 21.0
+
+
11.4
9.6
+ 31.8
+ 15.5
518,247
631,029,337
2,150,581
7,777,394
3,870,588
2,530,785
V- 902,789
547,914,493
2,064,402
7,434,871
2,530,658
2,288,568
:
—42.6
+ 15.2
+
+
'
4.2
4.6
+ 52.9
+ 10.6
2,113,871
'
+ 26.9
585,126,583
552,448,755
218,100,000
198,300,000
170,700,000
148,600,000
80,836,953
57,364,559
76,179,329
45,631,966
65,455,534
35,942,097
64,274,431
36,153,009
0250O4
l72"2*3*f556
172*49,000
t
7,560,070
„
.
■pi:
———
,.
Total (7 cities)
1,158,517
358,304,973
269,087,446
1,051,381
—»*
111.—Jacksonville
Quiney
+ 16.0
209,499
79,821,155
+29.8
694,391,520
895,741,035
Cape Girardeau
Independence
640,133
4,488.62
BSghth Federal Reserve District—St. Louis—
Mo.—St.
742,450
+ 26.2
;
1474
Springfield■
Sterling—
417,143,507
10,573,143
8,988,412,434
—35^21
Rockford
+ 83.5
4,093,080
12,976,849
9 14
—
Peoria
v
■
'
^
255,380
76,821,419
129,385,186
40,79
-1,55
4,20
*3,64
2,575,96
———
—
5,442,461
'+29.0
r
Ames /
+
■v.
2,71
11,64
la^—Cedar Rapids———««j.—,
-
4,375,634
11,543,545
17,782.173
2,982,471
9,025,851
41,913,565
276,815,144
5,88
rn
m.—Aurora
+ 28.0
9.1
67,437,165
30,281,450
16,815,247
56,111,352
101,386,711
537,408,715
62,140,170
185,138,708
40,778,270
3,32
^n„,n„.lT
+ 20.8
+
642,310,134
A;'981
WatPrtnirn
}-■ Bloux City
!
184,82
——
—————
Mn<ni»g
38,996758$
4,713,415
+ 34.5
17,785,307
13,71
Sheboygan-^—~
Des
101,744,370
151,56
15,56
48,82
Wis.—Madison
Milwaukee
45,995,767
54,6317665
38.0
—23.6
—
Indianapolis
49,337,520
+ 32.4
59,1597313
+
1
11
2i
—
Jackson
2,085,424
2,459,624
515,124,811
2
———
Ifiss.—HatViesburg
+ 50.6
36,776,035
99,735,992
28<
1
———
119,300,000
16.6
+ 35.9
59,649,039
6,031,420
291
—————
—
7,845,855
38,529,107
140,900,000
+
£2157041
78,30l7589
Macon
V Mobile
13,617,854
+ 20.7
£1737923
79,688,599
"
£oii7i"9~o
468,666
———
—23.6
2,646,730
2,85272*8*5
*
—-—-
Pla.—Jacksonville
*14,357,253
41,052,768
157,400,000
i
;
-
.5,581,706
1,538,485,128
357,553,816
321,334,851
273,346,631
'084,000
250,211,440
Volume <163
*
Number14489
-Month of
Clearings
>:¥
.THE COMMERCIAL & FINANtlAt' CHHONICLE
at—
April-
1946
-Jan. 1 to
1945
Inc.
April 30-
1946
or
Dec. Vo
$
2621
•
1945
Inc.
A
1946
or
Dec. %
$ A
Week Ended May 4;;v'-.vAInc,prvv;AVA
Dec. %
•
1945
.
$
1944
1943
$
»
'
Nlatli Federal Reserve
District—Minneapolis—
lilnn,—Duluth
20,957,589
Minneapolis
I
702,783,643
)
Rochester
I
6t. Paul
;
Winon* A.*^—r^:.:a a:-
M.
Fergus Falls
D.—Fargo
Grand
mJ
2,691,912
13,702,382
A
+ 177.7
6,428,844
(16 cities)
49.9UJ85
49,593,359
+ 104.4
+ 21.0
.
••
3,369^080
1,358,437
1,280,614
1,495,351
1,413,745
1,155,383
5S66il54
5j8l563l
griVMM
192,030,806
190,663,334
3,097,042
2,188,120
1,625,183
2,364,073
6,456,110
240,757,432
207,956,948
.
.
•
-
+31.5.
3,613,743,836
29,680,008
104,108,877
3,022,207
3,957,661
7.4
+24.6
p
4,566,556,888
*
47,920,483
r
+ 18.6
+
,
3,021,176
37,245,683
127,031,831
:
+ 32.2
26,991,917
,
14,766.456
3,517,819 •
+15.9
.
54,001,070
5,195,829
25,723,012
24,114,925
85,260,606
1,846,884
+ 33.9
884,625,716
-
+ 16.9
60,073,061
.
•
+ 40.1
" ;
*11,219,000
♦8,672,028
■
'
.
10,035.076
+ 18.8
439,037
;
58,7.10,138
69,728,611
7
+ 51-0
.-
5,823,494.
1,070,446,565
127,306,608
35,485,069
+ 29.0
20,023,336
697,200
t
3,814,503
142.746,930
A
10,809,837
+ 35.4
1,420,855
6,916,940
26,818,469
Falls
Helena
4,624,737
162,456,593
9,760,797
815,487,755
9,926,096
2,035,703
71,246,922
12,054,000 7
.
+43.6
:
6,593,726
12,556,403
7
9,709,157
JLewistown
+ 26.9
2,110,892
8,926,275
:7:3,123,003,597V'1
+ 25.1
2,701,000
777
3,031,555 7
+ 20.1
+ 29.7
11,500,265
+ 40.0
2,424,216
480,722
•
3,945,263
Mont.—Billings
Total
+ 32.6
7.
16,191,628
i
Great
+ 23.4
65,076,339 V
2,408,358,814 .7
13,742,281
953,536,213
3,427,000
>
Huron
,
196,252,071
17,145,141
Forks
78,667,361
,
+ 18.3
+ 45.9
673,150
D.—Aberdeen
Bloufc Falls—.:.ii
+ 23.1
2,513,997
3,214,919
,j.,
Mlnot
B.
17,020,047
7 594,134,694
3,669,030
242,139,606
'
34.6
+
+ 29.1
.
+ 93.2
A
+ 44.8
.
+ 23.1
22.1'-:"'.
'•.. +
.
+ 63.6
.
+ 26.4
+15.8
1
Teeth Federal Reserve District—Kansas
dtpWeb.—-Fremont
1,181,793
—•
■'i.v Hastings
Lincoln
Omaha
■
.
20,679~202
-
—— —
Cans.—Manhattan
Wichita
(do.—Joplln
Kansas city
W St. Joseph
A* Carthage
V
_
;;;
—
■
I
Dallas
El Paso
+ 65.6
72.231,711
955,541
+82.1
,
'
31,610,468
;
36.3
4,565,489
A;-7i36;556,366
4,337,672
5,344,964
52,983,200
132,341,178
+
3.2
+49.3
840,672,113
+ 13.0
25,391,522
15,229,285
3,497,513,444
+
+ 11.1
231,634,98^
125,055,676
5,102,248
110,352,855
4,155,464
256,843,103
13,801,587
1,043,503,244
+ 13.3
6,517,566
+ 24.5
16,819,752
+ 36.2
6,510,490,098
+ 14.5
+ 28.X
63,172,248
5
4.5
+
A
+45.6
7,456,353,924
7
-
+ 40.5
254,897,088
4,043",788
+30.5
;
1,562,133,645
.
+ 48.9
A
,
272,226,781
27,502,212
1,299,276,722
22,902,623
+ 17.4
4,737,080
411,379
4,704,543
74,808,795
43.2
,*:•.'+10.0
814,390
••
323,387
4,070,114
69,012,237
7,355,940
.21,807,950,
A- 3,886,274,447
4.6*
'
3,669,466
.
.
234,665
204,428
369,323
—22.9
+
2,947,637
•
•
•,
+ 54.9
"
.181,014,195
+ 12.4
6,013,559
+ 22.8
.
fcVVi'V1 5.478,876
i^+W,357,830
5,850,940
it
! v*
6.0
+
!•') 2,749,038
3,259,690
7,457,294
—
209,995,035
5,798,244
.
O.l
+10.3
7,358,173
:>V*'"AVsv
-M
■
;"'1
'
+ 46.3
1,336,160
>
1,133,242
1,360,098
901,903
348,686,096
+17.9
.
313,677,536
.
,
+50.8
-
.
960,878
1,304,869
835,400.
900,212
273,151,182
,273.801,147
:
+11.2
*
"26,846,142
11,979,064
V- 9,281,553
8,655,590
528,438,486
663,358,259
-
58,714,942
-
Ft.,Worth
4A
u
*
17,587,000
540,524,602
4,548,826
;
4
V
3,351,692 V
(11 cities)
.
T
+15.9
+ 28.3
+ 72.1
—
6,429,969
192,886,779
250,426,435
3,205,065
159,559,000
122,454,000
16,625,637
33.3
4,495,600
+
—13.2
' ? 2,959,265
2,555,634
+30.3
104,692,000
106,047*497
*"+21.0
13,384,690
12,3*07,358
+ 40.0
3,616,000
2,576,000
.
;
13,740,656
3,211,000
\
'
1;946,244,461A :« ■A+ 12.7
V
15,435,004
+ 12.9
,
28,114,425
+34.7
2,081,105
'
11,732,889
+
101,523,530
+10.7
6,233,605
*
5,772,423,793
+ 22.4
'
V
+ 100.6
.
+ 24.0
+ 14.3
52,553,000
"112,435,941
4,897,742,457
+ 17.9
195,424,916
v
>
3.5
+ 21.2
37,879,678
13,233,609
+ 13.4
4,153,777
416,959,054
f
,
^
+21.4
1,172,120,889
53,993,902
"37,803,261
2,207,028,771:
239,167,380
286,257,797
70,042,000
2,192,689,419
A
17,428,570
+ 48.0
A
25,249,476 ■»'
1,434,808,089
"
+ 38.3
6,629,612
2,760,259
\
28,621,813
92,931,135
36,462,538
2,673,895,726
,*
+31.5
■
3,545,406
9,811,918
Texarkana
La.—Shreveport
+25.5
A +18.1
466,390,011
*
"h'f
+
61,113,8604;.:
12,714,000 V
-
124.1
•7.24
+
..
44,645,125
72,161,342
-
Port Arthur
V Wichita balls
Total
"
:'
223,128
4,275,044
80,675,807
Reserve District—Dallas—
—
Galveston
t
90,607,198
1,228,752
13,615,482
1,833,656,517
t
Houston
|
+16.5
,
•
Beaumont
|
1,276,912,846
—22.4
1,487,463,618
6,460,016
4,123,113
.
66,013,374
6,657,626
332,680,889 A 7
5,881,768 " *
.
Eleventh Federal
'v
+ 20.8
1,043,207
Fsxas—Austin
I
326,169
523,145
4,559,348
27,928,084
Total (15 cities).
,
"+Y8~5
949,968,114
Colo.—Colorado Springs
'
+ 20.5
71,4_57~828
!
DUa.—Tulsa
lj
3,894,676
84r679~090
298,742,325
.
22,547.005
30,151,416
5,480,196
-
Denver
;; Pueblo
4,691,351
*"+Y6~.8
954,061 7
Topeka—
;
:-+34.6
.
,
360,749,947
1,739,835
AA Parsons
j
878,245
17,705^137
<
V
+ 27.6
1,401,367
1,175,921
5,212,051
4,452^689
130,861,742
123,578,930
4.4
83,547,984
89,883,419
+ 42.1
'
5.9
+ 30.2
1,631,014
2,134,251
1,627,703
12.8
^
:
:
5,884,830 ,-V
aV
+
150,126,565
Twelfth Federal Reserve District—San Francfsen—
Wash.—Belllngham
5,219,872
-
Seattle
....
Yakima
...
Ida.—Boise
^
.
Arls.—Phoenix
.'»«■ —
Otllf.—Bakersfleld
Berkeley
Long
14,544,664
12,241,887
5,642,000:
333,107,277
7,321,731
151,522,695
;.
...—
...
•
'
-
—
Ore.—Eugene
Portland
Bftah—Ogden s*—
Salt Lake city
.....
.
361,918,890
..
.....
.
,
,
,
a; Modesto
Pasadena
1
Riverside
A; San
Francisco
,f San Jose
i)
Santa
Barbara
~
—
.
CNltSide Netf York^.——
'Estimated.
,
--
38,104,667
14,381,000;
+ 38.6
1,310,563,679
7.1
32,832,651
28,834,219
586,476,775
488,482,050
+ 59.7
f
1,290,557,042
A A :
+•
1.6
184,928,515 '
51,084,096
65,536,395
50,721,541
50,554,073
—19.5
151,414,527
A 187,467,054
46,879,213
34,566,459
115,357,836
34,021,577
94,061,954
26,365,174
5,081,381,810
+ 22.1
6,034,143
1,204,497,208
25,762,545
+
,
40.6
+ 16.9
+ 36.2
134,841,880
'
1.9
—
27,808,607
+
19.1
;
6.3
'v.pV <.<•.•.••• ";*r
v.
+ 11.9
10,184,896,3^0
224,577,645,944
.
.iiiJil
.
't—"7.4
9,204,488
"•
+22.6
#
6,417,491
5,673,854
308,349,000
+
r
8.4
.
93,888,477,973
;
.
,
Below will be found
8,580,254
5,615,124
+ 52.8
2,658,504
+ 20.3
5,210,803
+12.0
8.8
a
NOTICES
"
.y-.V, '"7' ,7'
'
5,568,171,263
.
•
1,936,923
4,678,483
3,933.434
1,659,049
4,292,543
v
:
+ '7.3
489,806,257
495,539,249
•
+ 17.1
9,705,784,188
10,457,522,168'
4,436,932,123
4,361,404,051
4,973,968,733
J
OF
Minnesota
Date
-
.
-
1st
J'TT
7;
.
s
'•
'
Stool
mortgage
bonds
2161
1958
*
2444
Oil
$4.50
1st
Wilson &
2438
preferred
—Jun
-
stock-.
stock—July
•
3
2446
2164
2164
2200
2485
1
2201
1
Collateral
2486
30
2487
2202
2488
Date
Page
Consolidated
-x
3Vj%
1st ref.
Steel,Corp., $1.75
-
>.
2429
2429
.
2000
•
0
6Vp
A
' *
preferred stock-w---^-July
1
1562
1
1861
Co.,
5%
15-year
Fuel Co.,
debentures
3Vz?o
due
1959
7
jun
debentures due
1962—..May
Fair, 6% preferred stock
May
General Telephone Corp., $2.50 preferred stock
—May
Gorham, Inc., $3 preferred stock
L-.
May
Great Northern Ry.—
'.7
7-
41/2%
Gen.
;
•
gen.
mtge., gold bonds, series E. due
1977
mtge. 3Va%>
Tap
conv.
series
B—
2294-'
.——May 27
pref. stock, no par value--Jun
bonds, ser. A-Jun
■;-7'7
7
*
2441
1
7'777. #'5;
2609
1570
2295
|868
3444
bonds
¥/»
trust
preferred stock-
1870
A
———————Jun
-July
notes
*'7
;
2444
■
12822
2011
I
—————7-——————---Jun
2445
21631
;
2448
2445
2446
.
2446
1
■
Philip Morris & Co., Ltd., Inc.— '
20-year 3 % / debentures due 1963
-I
——,—May 39
20-year 3,%7 debentures" due " 1962-1—^—-—_7_—i.May 3ft
"Power Corp. of Canada, Ltd.—
i
/
517 convertible debentures, series A----7'--------—.-Jun
I
2446
2446
2446
,:;
fetores Corp., convertible preferred stock-—-<-Jun 10
Rochester Telephone Corp.— '
i ■:
}-' 17'
rvv'lst & ref. mortgage 2%c/o bonds, ser. E, due I960—Oct
1
Reliable
'
;
'1st
& Die Corp.,
$6
preferred stock—
1
2435
1
2435
1st
&
ref.
Vh'/o
mtge.
bonds, ser. F, due
2447
1
2447
1
1961——July
St.
Joseph
Ry.,
mtge.
Lt.,
4Vis
Heat
due
&
Power
2447,
Co.—
1947——
—
Steer Corp., $5
-IJun
1
2436
Sharon
stock..July
1
2448 A
31
2436
Shawinigan
15 7
1863
1
2448.
25
2292
1st mtge. & collat. trust 3bds., ser. K, due 1970_Jun
Shell Union Oil Corp.—
:
■■; .-'-:''v'- 77*-;-^ ■ '
15 f
1865
1 7
2V2r/o
Southern
convertible preferred
Power Co.—
\V:..
V
due
debentures
due
>
due
———-i-May 24
—————July 2
—
1954.—7-7
Public Service
Pacific
"
1961.—-——-i---May 24
1947-1953
RR.— -A;
Co., 4%%' preferred ctock.May 23
-
-V:.; •''*7vf:*7v:
1st
'2006
2292
notes
Southwestern
'2006
>
&
2%%. .'debentures
'*
2157
1
1
May 31:
*
Serial
§1513
Water
.
:
:,;7'
July 1.'47
gold bonds, series K, due i960—
July
■••Gen. mtge. 3%% gold bonds, series L, due
1970—___July
«Gen. mtge. 3V2?o gold bonds, series
M, due 1980
July
Greenfield
1861
229Q<
2907
1
.
—
Empire Gas &
1
1
Serial
!
mortgage bonds due 1957———Jun
general mortgage bonds due 1957
J-Jun',
Drackett
„
July
first
6%
1718
2432
52142
1857
Ltd.—
Dairies,
4866
-Jun
Panhandle Eastern Pipe Line Co.—
1st mtge. & 1st lien Z% bds., ser. B, C & D due 1960-May 27
Peninsular Telephone Co., $1.40 pfd. stock, class A——May 141
Pennsylvania Co., secured notes, ser. A, due 1947-19541.Jun
1
25-year 3Vb% secured notes, series B, due 1969
Jun
1
Pennsylvania Sugar Co., 4% debentures due 1952——July
1
Philadelphia Suburban Water Co.—
6%
preferred stock—Jun
12285
2430
6
Detroit, Toledo & Ironton RR.—
1st mortgage 4s, series A, due 1967—-—
——-Jun
Di-Noo Co., G^ convertible preferred stock—wJun
Dominion
preferred stock
Ohio Leather Co., 7%
Page
mortgage bonds.——Jun
Dennison Mfg. Co.. prior preferred stock
2285
121577
North American Rayon Corp., prior preferred stock——July I
Northern New York Utilities, Inc.—
.■
1st lien &"TeLJ>& bonds, series B, due 1947
Any time
2285
O
Page
Jun 3d
York, Chicago & St. Louis Ry.—
mortgage 3%. bonds, series D, due 1975
^-July 1
Nineteen Hundred Corp., class A stock——i-^~».^May:l$
North American Investment Corp.—
2285
and
.
Ref.
77- *■
<
6 V2 %' preference stock..--—..JUn
1
Supply Mfg, C0.,v Inc.; class A stock
July 1
Alabama Power Co., $7,. $6 & $5 preferred stocks
May 18
American Crystal Sugar Co., 6%
1st preferred stock—July 1
American Superpower Corp., first preferred
stock
Jun
1
Bond Stores, Inc., 4Vi% convertible
preferred stock-—July 1
Butte Electric & Power Co., 1st
mtge. 5s due 1951—.Anytime
Certain-teed Products Corp., 6%
prior pref. stock
Jun
1
Consolidated Gas Electric Light & Power Co. of Bait.—
N
7ir-
New
2448
Aero
Series
debentures
■
'Date
Corp4 class A stock..
-July 1
convertible preferred stock
July
8
Inc., 5V<% and 4*6 % preferred stock.._^Jun 17
Michaels Brothers, class A and class B 1st pfd. stocks.May
1
Monsanto Chemical Co., preferred stock, ser. A, B & C-Jun
I
Mountain States Telephone & Telegraph Co.—
3V*% debentures due 1968———————-—.——-Jun
f
2446
Acme Glove "Works, Ltd.,
|2824:
(
McLellan Stores Co., 5%
.
»'
.
Merck & Co.,
ENTIRE ISSUES CALLED
\
7
A
McCord
*
' 4
1
Jun
Company and Issue—
12822
6 c/o
Laughlin Steel Corp.—
convertible preferred stock,
Lefcourt Realty Corp.,
2446
Jun 30
—-
Co., 1st mtge. 3s due 1958—7
2440
2294
Co.V Income
-
Louisiana 81 Arkansas. Ry., 1st mtge. 5 %
$3.75 preferred
Co.,
Foods, Inc.,
5%
t
of
Associated
Hunt
-
Toledo Edison Co., 3V2V0 debentures due 1960
Jun
United States & Foreign Securities
Corp., 1st pfd. stock_Jun
-2436
1
Water
■
Y
Jones &
v
due
■
1st mtge. 3%s, series A, due 1968—77-74--
I960——___~__„_7__Jun
Co.—
,7'
Hackensack Water. Co.—
\
-May 15
--v;7 A'i7'#A:V'
—Jun,
1,
-
Tide
C77-^ --;-•-?
33/4^ bonds due 1969—A—^----——^May 24: 2293
-v
.
fcompany and Issue—
Grless-PflegCr Tanning
1570
Colorado, 4% debs, due 1949__.._Jun
1
Revere Copper & Brass, Inc., 1st
mtge, 3y4s, due 1960-May 15
Ruppert (Jacob) 4V* % preferred stock
July l
Sherwin-Williams Co., 4% preferred stock„7——7--J._Jun
1
Southern California Gas Co.y 1st mtge.
2y4s, due 1970-_Jun
1
Standard Cap & Seal Corp., conv.
preference stock—May 18
Sunray Oil Corp., 15-year 3%Vo debentures due 1959_Jun
1
2152
Chicago Corp., preferred stock
Jun
1
l' 1858
Chicago & North Western Ry^— ,
r
:
4
■
■
,v
1st mortgage 3s, series B, due
l989_,^^_w^^_^>i_«iJuly I
Cities Service Co., .5% conv, debentures due 1950
»^_Jun
l 'Y'1858
Clyde Porcelain Steel Corp., 5V2% conv. bonds due 1960_May 15
2002
Deerfield Packing Corp., 1st mtge. 4s due 1956
^_.Jun
1
2435*
Drydea Paper Co.,- Ltd., 1st mtge. 6s, due 1949_
Jun 15 7. 2291
Fort Street Union Depot Co.—
-7'£'.;v"iV
"h-1st:-mtge. • 3-% % bonds due .1965-+^,—.^-l--«_J_Jun
1 : f 2436
Iowa Electric Co., 1st mtge.. 4s, ser. A, due 1961_v—.^Jun V,1
v-v; 2440
Service Co.—
mortgage 3V2S due
Public Service Co.
2288
-
Aireon
.
/
.
|
•
1
mortgage bonds, 4%% series, due 1950
_Jun * 1
1st mortgage bonds, series B,
4Ya'/o, due 1950_—A-_?un
1
1st mortgage bonds, series
C, 4%%, due 1950
^-7-Jun
1
Poll-New England Theatres, Inc.—
2431
Date
—.^__.__May 15
Mfg. Corp., GO-cent conv. preferred stock_„__Jun 30
American' Bemberg Corp.i. 7%preferred
stocks*--— --July t *
Bell & Howell Co., 41/4% preferred stock__
Jun
1
Cedotex Ccrp.^ 3 V4% : debentures due 1960^_____.._;
May 31
6
Jun
—
-
Aetha Ball- &-Roller Bearing Co;—> 5%
convertible preferred stock—
A„Juh;
3%s
Pagft
1st
.
.
eer.
Date
"
Pittsburgh
■
„
mtge.,
series A, due 1961
York, Chicago & St. Louis RR.—..
.Ref. mtge. 3%'^ bonds, series E, due 1980Pennsylvania Glass Sand Corp.—
■
-
-
PARTIAL REDEMPTION
Company and Issue—
;
1st
New
2287
,
.
Ry.,
New England. Power Co.—
1st mortgage 3V4% bonds,
Page
1960-May 30'
Bush Terminal Co.," 1st mtge. bonds----—..-Aug '%'■
Cleveland, Cincinnati, Chicago & St. Louis Ry.—
St.' Louis' Division 1st collateral trust
mtge. boxids—/-May 20
Eastern Gas & Fuel Associates—
•'
t' "
1st mtge. & collat. trust 3Vis, due
1965—---------May 20
Fonda, Johnstown it Gloversville RR.—
1st- mtge. 4s due 1991——,
..Jun
8
Jnternational Paper Co., 1st & ,ref. 5s, ser, A &•
Bu_^iiMay 31"
Kanawha Bridge & Terminal Co., bonds
^_____Jun.
1
Oregon RR; Se Navigation Co.—
'
.consolr mortgage ponds due I94fi i:.' ;
Any
Oregon Short Line RR.—
Consol. 1st mtge-. "5 % bonds due iQ4ft
Any time
Pittsburgh, Youngstown & Ashtabula Ry.—
'
1
*!lst % general*: mortgage bonds
-...May 31
-Joseph & Grand Island Ry.—
;. 1st
mortgage \% bonds due 1947—:,——
„,-:T Any time
mortgage
Transfer
1st
,
Public
Johnson, 4% second preferred stock,
TENDER
Company and Issue—
-
Johnson &
list of corporate bonds,
notes,;
Aiuncloh. Port Concession Corp., 8% gold
debenture—May 22
Associated Laundries of Illinois, Inc.—
'
1st (closed)' mtge; 6%s.———
_Jun
3
Bush Terminal Buildings Co., 1st mtge. bonds due
1st
,7 5,497,451
Y||
526,244,609
11,816^606,529
8.9
271.045,581
+ 11.9
564,758,704
13,838,543,135
+13.0-.
Company and,Issue—.
preferred and common stocks called for redemption,
including those, called under sinking fund provisions;
| The date indicates the redemption or last date for mak¬
ing tenders, and-the page number gives the location In
Which the details were given in the "Chronicle."
Iowa
286^^008^000
'
5,838,491
m+
."70+791
j
3,198,930
+
;
3
•
334,321,000
-
Redemption Calls and Sinking Fund
^v;:|!Y®|Notices
-
fc,146,927
9,570,8.87,
4^679^108
13.1
+
*
,
+ 17.6
-■*
9,357,514,707
..'V 7': i;
,
:
+ 35.6 '
198,715,996,051.
102,240,115,597
84,683,581
:25>6&2lY
—
i
,
8,522,661
.
.
'
!
67,555,599
'2Yl97,571
——
+ 28.9
+ 21.1
+ 12.1
A:
i.—i'--*—
.*■
+ 36.3
89,707,937
2,277,223,171
22,996,866,829
79,269,491
:
•.•'.•>
+
+ 29.2
++-19.2
i
,
38,983,679
-
46,954,425,855
tNot Iftcluded ih
•+
•
:
109,291,618
53,149,794
105,515,774
,,
+
1 '•-+37.1
•
48,051,941
140,851,840
5,*
33,125,506
+ 12.0
+ 52.5
+ 58.9
,
1
,
+ 29.0
5,688,931,014
'
A
+ 22.0
+ 44.1
•
77,778,564
x" +13.9
:
+ 15.1
+ 19.2
25,784,713,578
+ 29.2
~
8.1
9,572,694
..,56,864,441,865
2,277,169
+
21,969,974
2,547,566,014
Grand Total (184 cities)—»
80,177,569
3,235,404
+
AAV-i-
>%,% Total (19 cities)
83,740,403
+ 33.0
"
A
——•vi
4.6
+ 31.4
—
19,936,000
15,207,277
—...
+ 22.4
43,388,482
H
+ 45.7
26,183,408
—
Stockton
|
51.2
;
■
7,958,424
24,628,511
1,408,656,309
35,086,294
...
—
15,122,504
1,543,203,G96
57,017,880
49.232,309
3,872,000
308,120,245
6,836,381
A!
8,486,547
.—
+
-•A
11,362,997
11,476,498
13,081,740
16,536,307
40,692,295
12,134,314
30.065,325
...
....
A
18,504,650
1,472,661,835
+ 43.2
113,946,421
31,261,424
.
49,917,182
;
Beach
+ 25.7
10,159,132
8,097,670
:
-
mortgage 3:5/4s, series C, due 1996
---iMav 14
1st mtge. bonds, series A, due 1961————-7w—Jua 13
1..
-yy. .If
2336
2336
;
.
7 2336
.7 2342'
V 1*14'
•; 2330
Monday, May 13,1946 ' '
FINANCIAL CHRONICLE
THE' COMMERCIAL &
2622
Hint
Date
1
190?
A, due 1951_—10
series B, due 1966-.,..
Jun 10
„_rirrtJun 10
20-year (i% gold notes due 1948
——Oct
1
Standard Power & Light Corp., 6% gold debs, due 1957,.Jun 10
Stanley Works, 5% preferred stock—,,
May 15
Sterling, Inc., convertible preferred sti»ck_
,-Jun 12
Stokely-Van Camp,' Inc., 3 Ya % debentures <|ue 1958—May 31
'/.eunvjoee uas & Transmission Co.— ■
'
-57<
cumulative
preferred
stock
—13
First mtge. pipe line bonds, 3% series, due 1965,,,,,May 13
..
series
2019
2015.
Transacted by Barnes
Wednesday, May 1:
1957,—
2015
Shares
in the Dallas District. Borrowr
ings declined $84,000,000. ^
p
"
/;Z
1 / '
A summary of the assets end liabilities of reporting'
member banks follows:
Z' Z
(in millions of dollars)
':>#ZZZ{ZZ '-;Z^' 'r
and declined $28,000,000
Page
and
Company
Issue+-
South western Bell Telephone Co.—
v, 1st & ref. mtge, V/2% bonds, series B, due
Standard Gas & Electric Co.—
«
/r <.
6
•
%
gold debentures,
gold debentures,
6%
"6%
due
debentures
Auction Sales
-
1964
'
Jun
■■■■'
-Ay
..
388
2015
($10
i.OOO
2485
2201
Ltd., 1st pumul. red. conv. pr.ef. stock—July
touiiamg lo., gen. mtge. income,bonds due 1953—May
United Biscuit Co. of America, 3 lh,c/o debs., due 1955—May
5%
cumulative preferred stock—.
—*—
May
United States Hoffman Machinery Corp.—
5V?%
preferred stock—,—-—.—..
—,_Jun
Warren Petroleum Corp.-rr.u-ycar 3 Ya %
debentures due 1055,——
Juh
Western fJteel Products Corp., Ltd.—
5"+
general mortgage bonds, series A
May
Wool worth (p. W.) -Co., 2'/« % sinking fund debentures.July
.-;-r v
•
Z*- »■ •"> '.• Z-'Xj■ 'VVj'Z
v
2201
20
1
1
2488
30
15
i 1714
v.'-.'H
17,346,068-
gold ctf.
reserves-
6 Govt, securities:
Bills
—p———
Total
.
Due
Z
items
Boston Ground Rent Trust,
10
:'l
\
+'
68,300
21,500
16,497:
694,160
+
823,385
+
+
+ 2,012,695
138J545
J +1,681,8.31
'■:*
3
+
14,514
+
38,962
185,375
+
259,698
—
58
+
,
($100 par)———
Western Real
5
5
Estate
Trustees,
«
Madison
Woolen
($300 par)
Boston Atheneaum,
Boston
Rent
Ground
Trust,
par)
Mills,' ($100 par)———1—
Shares Boott
Southern Ice Co. common
Arlington 'Mills,
145
(Del.), ($lrpar)
—
1,947,922
+
86,926
■
n..;.-.
A
32,313
+
23,964,229
3,717
15,750,966
—-
313,900
Treasurer—gen. acot.Foreign
.
+1,241,169
;
+
416,074
v-
1
132,714
—
+-
+ 134,888
'y
721,614
+
95,355
746,204
..Other
17,694
-
,
325,338
+
24,229
17,227,144
_
A
Deferred availability items.
Qther liabs., incl. acprd. divs.
+
61,045
1,557,321
12,888
.
.
liabilities.
+
182,056
-e
A. Capital Accounls-r^
Capital paid in
Surplus (Section 7)
.
.
287,791
+
to
42
+
1,407
the
„
.
S\A
A
a
ment
X":AA
} .118-
Loans to brokers and dealers for^
155
—
13
+
-
,/v+453
38,242
deposits adJustad-
9,833
—
—972
,•
9,533
+
„^
'
,
,Z ■'
.
84
.+
—
1,536 |
86,926
'*
.
39,435
—
1,914
+
233
rr—
.
-
BoMer#/
8/kW.
Holdings of Treasury certificates of Indebtedness ^de¬
Aero 8upply Manufacturing Co., Inc.—;
$1.50 class A (quar.)——i-—
—
Air.;Associaves, Inc. <quar.)i——
Albany & Vermont RR. Oo. (s-a)——
AUe& & Fi8her, Ino.^..—— w„
decreases
were
$227,000,000 in New York City, $103,000,^
000 in the Chicago District, $92,000,000 in? the San/ Fran¬
-25o
Allis-Chalmers Manufacturing
Holdings of Treasury bills declined $132,000,000 in New
-
7-2
t30c
Jtr-ff-•%
-75C-
6-15
«297733»
'
United States Govern¬
Arden "Farms Company—
Deposits credited
-
ZZ ZmwZ+t 'ZZ'jZV.uw'y nw Zjh
Batavia: Body Co.
Beaunit
ACT OP
;
new
May 1 <
AAA & AAAA
,022845
/
z
.
:
^297733*i'
3213946
3.213946
A-
8A:A;;'
,297733*'
j.213446
-
ri
j
,
-
' '
.022345
r
'
Official——i—r—.
,
T-r-r-.
mm,
.909090
.909090
.909090
.907500
.907187
.907500 / /
.907500
~~~~
peso
5-18 {.
1
5ria
5-27 '
6- 1
5-15
5-15
6-
,
.008408
.008408
'•
*v
-
.205000
,205800 .'.
.377892
;
.909090
+
r
.040501
Switzerland, franc
Union of South Africa, pound—
>/
^
4.005000
;:r„r
.008407:
.301824
/
»
y
'.094434
A'/o
Burton-Dixie
.040501
.905000
.
•
Zi
.909090
'
.905000
.
-i
/
,202020
A:.A .040501
v
,377092 J;
f .377892-
Butler Water
Cable
.90479 ll.-.:
3.226833
.202020
A
-
,909090/•
.909090
,
■
VS
.202020
.040501
*"
/
3.226833
3.226833
f.
'
.040501
/
;
kij :.905ooo y
iv
1
5%.
.0405012*
.238520
'.
'
.233626
4.005000
v
.238520
/
'A/-'/ .233626
■T ' :
.238520
.238520
238520
.233626
4.605000
.
4.005000
4.005000
y-
.658300*
.562000*
,
/A, .562900*
■;Z' z
.658300*
.562900*
•
-•;<
';
JB58300*
'
.658300*
'
.562900*
:
j,
.+62900*
•
.
: .562900*
6-20
-
v
6-1
"50 c
.5-15
87j/2c
6-
5-15-'.'.''
1
6-
1
6-
common——
1
5-31
.•/.«>
(accum.)^—Gold Mines (s-a)__—__
Ltd. .(quar,)__J
Malartic
Corp.
'-*++
Z
1
6-
^5c
;///'';/
1
-
.
$1.12*,a
5-29
!„
5-20
.
:
/
„
5-?0
"V
v
'
5-20
6-15
6%
prior preferred (quar.,)—-—.:
J Z.
5-10
■
1
'/
+-..5-10Z
6-20
6-
'
V'Z
1
,6- .1
1
6-
t$1.25
$6
4V2Yo
6- 1:
•
t2c
+ t20c
'
6-;l":
,6-15
6-
-
Z 5^20 f.vZ'
■
6-15
6-15
;
;
.''"4-25 A'-
5-15
10c
'
;
5-15
''5-15, \
.
preferred (quar.)—
—
—
$1.50
preferred <quar.)_————=*";■• '$1-50
Century Ribbon Mills (stock dividend).
/< 100CoNew common (initial rjuar,)—:;r^.::?r 15c
Certain-teed Products Corp., com. (resumed), 15c
'
*
5-15
ff>>37©\'
Illinois Public Service—
--
5-11
1
.
.
.658300*
-
-preferred
Central
4.005000
y
Z.
6-
10c
Extra "—,—;
.233626
1
5r27
voting trust certificates «******•-*Z.
Dominion Sugar, Ltd. (quar.)u—f20c
Canadian, Tire
■
^58300*
&
Canadian
091323
.091323
~'TT
Canadian International' Investment Trust—
.202020
///
.091323
.233626
■AAA .091323
Common
Canada
y;: 3.226333
-
(■.,
6-1:
,...
(initial
Products,
•
*6-15
t
7-
3mcT;>
quar.)—.w_.r——.
Corp
r—
.
/ 25c
Co., V/o* preferred (quar.)
$1.75
Electric
6-15
1-
1
7-1
6-15
Biscuit Corp.—
preferred
7-
•
+
•
l,
7-
preferred;(quar.')--^———
$1,25
'
/
.909090
-,
Burry
f
>.205783
V
.205800- 4
.
;:
+377893
^71892-r
.Q04435
5
8-20
6-
20c
-"'••3YaYo' 2nd preferred'(initial
•,■
-
—
:Z:
.202020
/.091323
'
rate.
,
1
■
23fe
(increased quar.)
—
preferred. "(initial "quar.)-i—-
-3 Ya
5-15
.6-
m>0$
/Common
•
.008406
"
;
.233626
C-
peso—
Controlled
.
.905000
,238520
Noncontrolled
x'
I
3.226833
,091323
Sweden, krone
1208766
4.032656
'
Z'.Z
.202020
I.
; ' '
^ V
•
5-21
>
45c
...
*
'
$1.25
,1.
6-15
1
6-15
1
$1.75
;
Forge Cq
Fund, Ltd.—
Burlington Mills C.orp,T-r
.
*205800
.905000
£
•
,020060
.301824
,/-
.004435 > :
,909090
■
570066"
r»
'
.301824
^01824
.004435
'
3-226833
Portugal, escudo—
"
.
.004434
^
4.033359
.
.008407
,
•
//!/r.'9075O0
Bullock
:V ' .208760.1'
.
.301824
pound
.Uruguay,
4.033281
$5
Buffalo
.020060 *
.
.208766/
.
4)08408::
•
'
.004434
Z+871892 'V" ■
■
Spain, peseta
.208766
4.033359
4.033203
.
Norway, krone
•Nominal
.
.909090
.570600*
,020060
.'.205800
—Z—
Free
v
.570600*
,020060
.
.208766
.
.801821
;
Official
:
'.020069
"
4.03320? /'■
rupee.
neso.
New Zealand,
:A,v;- -
'
6-
' 29c:'/
^
,
...
Z
'5-20
1
6-
♦'
1 y
6-
- .
(qdar.)
preferred (quar.)——
.907109
?
:
1- 1
/
3oc
-Z-C+. "
.6+1
6-15
6-
--Z f:'Z
6-1
.
7-1
2V2C
Common
'.909090
.
5-17
1
Z7Z1'
t25c
Shoe Company.,
(
6-1
j
v. 75c
$1.25
"
.
5-27
i 6- 1
•
30c
"AL25/
5%
Bruhswick-BalkerCollender Co.—
,
A
,570500*
.570600*
.208766
pound sterling.
(Metropolitan) franc
Netherlands, guilderNewfoundland, dollar—
•
,570600'
,020060
England,
Merico
.051902*
.051902*
,909090
J-
Czechoslovakia, koruna
Denmark, krona". -• :'
India (British),
Italy, lira
.060602*
.051902*
,060602*
,05190?*
.
Officials
France
1)60602*.' '
•D60602*
,03190?*
Canada. dollar-
Colombia,
.060602*
^5190?*
.060602*
Free
'
*
i
(
■''li<7o /. preferred (quar.)—;
—
r
3»/2v+ preferred (quar,"r
.0?2645
A"
.
■>
5-31;
1
;$10c
Briicg ' (E.iL.l Co..
>
'
.022945
j(,
,
„
5-15 f
5-31
6-12 '
,
Brown
5-20
6-12
6-
of Canada, Ltd^ :
British-American
,251247*
•
6-11
5-31
6-
20c
,i
•.
preferred" (quar.)—r—-W-.-—
(F. E.) Co. Ihc.', $3 pfd. (accum.)—
E.ank Note' (quar.)——
Brooklyn Telegraph & Messenger Co. (quar.)
Brown-McLaren Ml%^ .QOi „(quarJ.«———-
May 9 A
.251247*-
-
-
.
•
-
.251247*:
(
3.213946
>032845
.022845
;
.297733*
.251247*
AAA May
5-10
■
t25c
preferred (quar,)-^^—
$l'.SO
Birmingham Water Works, 6% pfd- (quar.) a
"i/ 30C
Black Hills Power & Light, com. (quar.)—.
«
■
1
6-
~35e
(initial quar.)
ccm.
&(/e>
^;.
1
G-
25c..
,.
(irreg.
Inc.,
Mills
1
7-
10c
''./.Common
1930:
.,v;
6"
25c
rr"^;- Z'- •• f:V -
Manufacturing Co
Belden
'
:
5-20
5-21
1
30c
Manufacturing, common.—
class A (quar.)——+———
Furniture Industries, Inc.* (quar.)—
i—«+
7
;
& Seeltg
EX t V 2L'•-ZZ
5-20
5-30
6-
20c
$3
,
:
,297733*
.251247*
3.213946
3.213946
—
Brazil, cruzeiro-* t■•'. A A
"M
.
12- 6
5-30
J50c
tSQd
;
Armour &
New York'
$1.20
UNDER TARIFF
12-16 '
,75c
participating praferred (quar.)—__—
$1.50
Co., $6 prior pfd. (accUra.).
Aro Equipment, 5% preferred (qupr.)—62'/2c
25c m
Athey Products Corp
$2
Atlantic Guif & West Indies .S3. Lines, com.
$2.50
57e non-cum. preferred (s-a)-^—
r—
•
Bassctt
May
.297733*
:
.
.251247*
I
9- 6
9-16
$1,75
Registered •> (interim)—_—
—Archer-Daniels-Midland Co. (quar.)—______
Barlow
a.:-/,///,;• Z:ZZ^>'/'^Z
Official
*
Z^^F^v
$1.75
Booth
peso—
•
6-15
$L1§
-
Cable Transfers In New York
V*lue In United 8t*tes Money
■,
May 4
f;.r, ■ ■■■'
• .•
}
■.•7-4'
Insulator'- Corpj vw; DeL+?;
:
^Convertible prior preferred
American Paper Goods,
7'+ pfd. (quar.) —
■'X%tto~ ./-preferred
(quar.)7%,
preferred/ I quar.)
—
Andian National Corp, Ltd., bearer (interim)
,Noon Buying Rate lor
May 3f..V':-->
\f, ■\.
5-15
..
•
«fi
,
class A
r'preferred"i
tier-:
:
r.i
6-13
$1"-
50 c x; ,6-13
(opt. ) j'6 th of a shi of :c|. B stock or cash
American Gas & Electric, com, * (quar;)—40C
City and $126,000,000 at all reporting member banks,-
•
.
6- 7
68 %c
...
^
domestic banks increased $165,000,009 in
■
■
3-20
-
Amalgamated Electric Corp. Ltd. (s-a)
(quae.)*;
*«««-*ExtT0 **Z'Z
Z' -^X'Z'^ ZZ
deposits adjusted increased $55,000,000 in the
FOREIGN EXCHANGE. RATES
CERTIFIED - BY FEDERAL RESERVE BANK TQ TREASURY
8, 1946 TO MAY 9, 1946, INCLUSiyR
^
3-10
,
.
6-29
American
$02,000,000.
to
I
1
5-25
6- 8
-40C
(quar.)^..—
Americari; Cities Power & Light, $2.75
■
$1: J
American 'Chicle Co.
banks, and increased $50,000,000 in; the Chicago District.
5-
7-
*
20C
•
./f
6-14
5-31
5-15
7-
-«0e
$1.25 $
Allied Mills,* Inc^—i-L:.-•
1
6-8
37 %C
•
the Cleveland District.
cisco District, and $73,000,000 in
.•
Co.l—
Finance
Allied
~
(^5-2?
6-12
50®""
**•
Acme Stesl Co., (incxeaied .quar.)—
clined in aU districts and the total decrease at fcll re¬
deposits increased $33,000,0p0.
1,817
—
In the
$50,000,000.
was
ment deposits declined in all districts.
2.0%
i
,
,
.
total decrease
Chieago District, $30,000,000 in the Philadelphia District,
and $153,000,000at all reporting member banks.
Time
.263
•'
separate tables.
.
+1,947,923
0.1%/
make Indus*
Australia, potincj.
Belgium, franc
333
we
Belgium GloVe & Hosiery Co.
V
304
—
bring together all the dividexids :annottpced tha5
current week.
Then we- foUow-with a second table in
which we show- the dividends previously announced, but
which have not yet been paid. [Further details and rec¬
ord of past dividend payments in many cases are given
under the companyZname: in ?nur''General Corporation
Act of 1930, the Federal Reserve Pank is now
daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the"
We give below g.record
for the week just passed:
Argtotina
^
17,7,09
y
Dividends are grouped in two
first
..
.
'
43.9%
Country $nd MoneUry-Unlt
376
+
22
—
1,280
•
+ 5,683
+
+126
C
'168
+1,535
33
+
12,411
905
—"
'
•
DIVIDENDS
^rchasii^i^e^i^1-
^.Pursuant to the requirements of Section 522 of the Tariff
tifying
j;
-
":
2,154
Borrowings.
Debits to. demand deposit accounts except
" Interbank
and V. S.
Gov't
accounts,
^
Foreign Exchange Rales
'
371
+
/
Domestic banks
decrease of $972,000,000 in United States Govern¬
deposits.
Demand
1
world.
+
Ing securities other than United States; Governments pb- *?
ligations ^increased ^$22,000,000 in .thetfChibaj^i^
and Investment News Department" in the "week when
land $47,000,00b at ajf reporting niember b9hks. xLdahs
to others for purchasing or carrying United States Gov¬
declared, v
- *
/ I
1
ernment obligations declined in most districts and theV
^ZThediyidendsannohnc^
13,890
-'")+
55,991
m-nr • ''nans - '/
26
+ 194
50
~
541
deposits
Interbank deposits; s =
holdings of United States Government bonds increased
;!■
combined—
311
-
10,152
Banks
4,620
+
82
+
3,387
Tlme deposits
U. 8. Government
>
redemption of maturing certificates of indebtediiegs^
and
+ -130,202
43,385,11?
463
96
—
?
,
478
V
Demand
.
Holdings of Treasury notes declined $96,000,000, and
1,843,002
+
27,428
—_
Cpmrnitments
+
+S
181,761
>Total liabilities & cap. accts._
Ratio of gold certificate re¬
serves to deposit and F. R.
liabilities
88,504
358,355
Surplus (Section 13b)^r—
Other capital accounts
cote
:'+Z
•
>
-
-
y
+ / 312,035
194
+
.
42,761,582 ;
1
-718 '
6,906
......
Zf
14
-
Balances witbdomestlo:banfcamMii('-^'WV^''-''"»r:'
.
Total
488
—210
———
Reserve with Federal Reserve
Yprk City and $210,000,000 at all reporting member
'
deposits
+
6"
+
1,052
Cash in vault
ended May J: A decrease of :$942,000,000 in- holdings ,ot
United States. Government obligations partly ref Jectihg
4,006.
"
\
14a
1,866
iHner secuticies
^6%
($100 pat)T--—i-——-
60
+
14
——
; WaWIUlles--
63
—
+'
10
+
Obligations guaranteed by U. 8. Government.
385
($100
17
+
V
27,402
140
Co
+
444
10,626
t
6
1,176
+
1,195
Treasury notes
U. S. bonds..
98Ya
($100 par)—-—
50
-
Treasury certificates of indebtedness
porting member banks was $718,000,000;" the principal
bankr—reserve gcct.
1,780
Other loans
.
316
—i
91
JPreasury bills
70
1—
1,200
XM
•yjr
S.
Total
share''
Ai. I. Root Cq. common B——v——% •• •••
I'lVsA.
Root'Co, common A—————ilL—*-- • ■ 4i,..
; 1
A. I, Root Co. 5% preferred ($100 par)--—,
4Ql
10
Commonwealth' Supplies''. R—!• 15.
-20< Kilbiurp Mills, ($75 par).
—
* 147.
'
707,350
212,200
+152,904
43,385,117
Reserve- notes,
Member
2,829
—
Liabilities-
U
$ per
STOCKS
Sahagi Corp
-
carrying^
Loans to banks.
-
+
12
47
Real estate loans.
t
1.569
804
obligations—
Other securities—.—
Wednes¬
+
+
1,400
U. 6.Government
cities shoW§ the following principal changes for the week
63,302
344,532
—
+
+
33,021 /
53,445
—
T—
Total assets.—••
Deposits? r'
Other loans for purchasing or
^
'5
1,473
The condition statement of weekly reporting member
of the Federal Reserve System in 101 leading
90.662
+
,
JM5$V :
1,318,921
Bank premises
federal
***>
<
Condition Statement of Memlrer Banks
71,638
—
63,104
-
* '/123,333
ptber assets
t
'+>
.
+
22,957,109
UO
other banks-—
Uncollected
1"
A
3.73/;
brokers
to
Foreign banks1945
114
+•
22,732,312
loans and securities*.foreign banks
of
\ * ,>iJl
,>?
r'
25
162,300
—
902,942
notes
fitrt
103
;}■{'
17,601
1,695,200
fropi
R
-
■
May 9,
8'
'
24,297
-—
—
6,235,596
/
.
Total U. S. Govt, securities
F
1
and dealers Jor yurphasing or carrying;
U. S. Government obligations—
Other securities.^.————
t
+
banks
1
"
•
•
and agricultural
loans
Loans
^
.
+ 7,257
—097
+ ~8t
;^5,053
'•
•
.
;
Commercial, Industrial*
Z
Union
10
1.389
—
13,898,574
Certificates
,
S
.
133
,
Notes '
Bond 8
.
Copper Land &TMining Co; $2.06%. paid in,
'
($25 par); 5 Western Massachusetts Cos.-.-w,
$ 197, lot
50
•
162.:
0.;'?
30
1,395
—
1,383
1$,49,7
.
Acceptances purchased-—-—-
,
.
206,917
loans
P
'
749,015
304,103
Industrial
City,
—
30
+
.
18,095.075 A
advances
and
Loans—total
2.01
Atlantic
pfd.
$
V
64,433
investments -total
during week
—-ryTTT,*!" Jl j»
Discounts
y
for F. R.
fur.d
cash
Other
,
Finance Co. (no
Shares
-
1946
1946
-
p
Total
••
Assets—
Loans and
day, May 1:
2056
May 1,
May 8,
Botes
Co.
Transacted by R. L. Day & Co., Boston, on
2201
2343
'
'
J.
(—) Since
certificates
Redemption
N.
'
•;Z ;Z '.V.1'V';/• 1
A':
A:'
Assets—
City,
Guarantee Bank &
dividend
Trust
Home Protective Co.,
Increase ( + ) or Decrease
Gold
May
par)iL_——' 21 !*
common—________lO'/a
Neptune Mortgage
±
(In thousands of dollars! 1
:
^
$28 lot
—
222
Reserve Banks Combined
'
;"f^:.v;increas8 4+) oi i.
Decrease (-<--) Since
May 2.
Apr. 24,.
1946
1946
1945
^
J.,
pfd. Atlantic City,
stock
Equitable
($10 par)'
554
1
t
Atlantic
common
ex
1773
2054
Statement of Condition of the 12 Federal
Z
Bank)
*2490
<*"4'
V'vi.\
(Old
o.'i; N„ J.,
fin yplume
$Ia VqJupie 161.\
Ihls issue,
Co.
Guarantee Trust Co.
Trust Co.
,
Announcement in
J.
N.
City,
($10 par)————u—U—4— $3.31 lot
38 2333/3000th
1
J5
20
Atlantic
common
:—A—
(Old Bank),
N.
,
Co.
Guarantee, Trust
./
220J
Trust
par)
84$ 357/3?00th
and
Thrift Stores
Guarantee
1615
&-New Orleans SR,-r
M'AyA h
refunding mortgage bonds, ser. A, due 1987,-^uly 1
Texas Power & Light Co.--*
-f
,.* •
5% gold debentures bonds, series A, due 2022—Jifly 1, *47
1st
'
$ per share
STOCKS
2015
—
f
phllaiJelphia, on
Lofland,
&
■
..
'
■
5-20
6-15
5-
■5-
8
6-15
•'
1
6-
1
6-
1
5-20
7-
1
6-10
•
■
Number'4489
Volume- 163
THE COMMERCIAL & FINANCIAL CHRONICLE
2623!
T*
rer
js??
JlameiotttWinj
v ;
::Z£000y00yyy • 1250-°
••-
Co..
*150-
4%
pfd
5-20
'
<
st
"v'f
City of New Castle Water Co.—
-.0% preferred .(quar.)
City Water Co. of
V
International
5-10
6-15
€-
.7$1.50
1
5-11
;
(quair j
{Cleveland Theatre); -i Inc.,s $4 piarttc, pfch.1Coast Counties Qas:& Electric—
7;,;.;
"•6-
$1.25 ji
5-11
1;:
Class
7-
-
■
Class
B
6-13
6-
5-23
5-23
6-
5-24
pfd- (quar.)._-
40c
,
6-
i.40C 4?
•'$106-'-
,.-r
Commercial Alcohols Ltd., 8%
Common (quar. )_*
7-
-
:
7-15
6-29
Consolidated
Crompton & Knowles Loom Works—
•,>6% ■ preferred (quar.)
7-15
■6-29
10c
5-31
SA-17'i
30c
'6-29
6-14
40c
T6-T
5-16
Ludlow
•7-i
:
1
Crown Zellerbach
Corp.,
I $4 convertible 2nd
$4.20
[g
$1
6-
5-13
Navigation Co. (quar.)
Publishing
Megowan Educator Food, class.
$1.05
6-
5-13
Metal
5-31
5-15
jpreferred-,;<quar.)„->
:
$25c
5-28
at
6-
1
1
J.)
6'/r
0-28
Stock
1*
6-
1
General
$5
,
preferred
y,:Automobile
Extra
tPM
(quar.>—
40c
L^II
—
Priced
fe Mining
Extra'
*
5-17
5-31
5-31
5-17
shares
I_
shares
I
t
Ronson
5-31
5-17
5-17
5-31
5-17
5-31
5-17
5-31
5-17
5-31
5-17
Sc
5-31
5-31
5-31
5-17
5-31
6'/2c
5-31
5-31
7c
5%
preferred
;Hobart Manufacturing Co., class A
—;
;
5-31
5-17
5-17
5-31
5-17
7-1
(quar.)_
(quar.)_
6-
I
5-16
6-15-
5-31
$i
6-15
6- 5
.7-1
6-20
6-
1
5-
6-
$1.75
6-12:
5-20
1
6-
1
*25c
6-
5-17
*25c
6-
5-17
6-
B-21
myac
6-
5-21
(
Certificates,
International Nickel Co.
•
Common
5-11
(quar.Li:.—
Inc., (s-a)—
_i
i. 10 c ••
.
:
f
8
5-27
Union
6-29
5-31
•
-
2
7-
1
7-
6-
1
5-10
•
Amer.
"
91 %C
5-18
!•
35c
6-10
6-10
5-25
6-12
25c
(quar.)—
*
Insurance
General
Corp.,
5-15
v«-l
50c
7
6-10
6-
7774177
(quat.)^——
•
common
20c
—
5-27
5-20
A- 67
75c
4-isr
$1.50
7-1'
e-17
$1.50
6-10
<
$1.75
5-10
6-
1
Car
50c
6-
5
7
0- :'1';
$2.00
5-15
5- 3
9-
0-15
6%
-
•
■
Lines—
•77
50c
1
$1.00
6-1
6-15
$1.50
$1.37%
0-15
6-5
6-
1
5-23
$1.37 %
6-
1
5-23
6-
5
5-24
7- 2
0-12
-.
36 %c.
/
12 %c
6-20
12 %C
(quar.)
5-28
5-28
6-
:
1
6-
50c
(quar.)
Ltd.—
:*
dep. receipts for crd. regis,
V:
Ordinary registered
(final)__—
(final)
10c
Service
Co.,
$3
pfd.
Refining,
Co.,
compion
■'
7. "7
6-1
5-11
25c
6-10
5-31
:
5
5-20
77
-7
6-
7
50c7■vj
6-15
5-31
6-28
6-14
6- 1
5-17
15%
7-19
7-
9
6-
,
6- 1
6- 3;
5-31*
•
7;
1
5-31
75c
6-
1
75c
6-
1
5-10
•
5-10
C 7-57:7
75c
$2.25
3'v
5-15
'
6-15
.
6-22
7-
5
6-22
6-
-
30c
1
5-13
7-20:
10-22*
$1.50
A. (quar.)
8-
1
$1.50
11-
1
$1.50 1 -31-47
$5c
5-11:
1-21:7
:;.4-27,:
'
115C
-i*-—***—
6•
•
Cotton
Goods, common (increased)1st preferred (quar.)—
2nd preferred (quar.)—-*——
i
5-10-7'
6- 7
5-23
7.
6-29
7
6-19
6-29
6-19
5-14
4-15
6-1
4-30
6-15
4-30
5-
6
6-
6-15
&
Santa
Fe
Ry.
Co.
"(Conn.)
Line
RR.
Co.,
Atlas
50c
,
1
6-
1
5-10
•6-
1
5-10 (
6-
1
5-
$2
common—___l
7
,
$1
37V2C
50c
;
Tack
50c
Mines, Ltd. (quar.)—'■•/■'■"••.:15c
Autocar Co./ 5%
ser.
A conV. pfd.
25c
(quar.)
5%
preferred B
Automatic Canteen
(quar.)
Co.
of
Automatic Products Corp.
Aviation Corp.
5-28
Avondale
5-28
Balfour
Mills
Building,
Inc.
.
•
5-16
6-13
5-16 i
7.
6-15
7 6-10
5-21
5-31
5-15
;
.
5-15
6-
6-1
10c
5-15
7f 5-27
M'20c
5c
*
(vtc.)__——
\
7.
' $1.25
i
5-10
6-1
10c
.
5-28
6-vl
25c
——
j3-i.
6-13
25c
Amer.—
(quar.)_
(initial quar.)—.—
(monthly)
5-10
$1.50
Aunor Gold
*
1
$1.50
:
Refining Co. (quar.)
Co.
(reduced)
Corp
__i*_—
,5-17
$1.75
(quar.)
Powder
1
6-
•
6-
"
——
Topeka
.7Avon Allied Products
2%%
!
5-
12V2c
/'
-
Line
Atlas
f'TK-''
$1.75
$1,75
7 •; 50c
6-14
5-31
50c
—
Atlantic
1% r'-
V
5-21
;:S
7- !'••"
••
.
$10.00
(quar.)
(quar.)7
5-24
1
5-15
50c
common.
(quar,)-————
Atlantic Coast
6- 1
7"
6-
25c
participating
Atlantic Coast
5-15
/.7» •;
7:4-30.77
6-20
$1.75
"
" $1 (quar.)—
Mills, common
$1
6%
preferred (s-a)
$3
Argo Oil Corp. (s-a)—*
25ff
——
Argus Corp.; 4^% -preferred (quar,)***—. $$1.12 Va
Arkansas-Missouri Power (irreg,)—
50c
Armstrong Cork Co., common- (interim)
25c
;
$3.75 preferred j,
93 %c
Artloom Corporation, (quar.)--*
:
JLOc.'- if:
7%
5-17
1
5- 3 "
Rpst. Products, Inc.-r
Atchison
5-15
6-15
37%c !
'>■ *•-•*
1
5-23
5-15 .7
5-15.
20c
- .preferred
(quar.)
prior preferred
(quar.)—
y
6%
prior/preferred (quar*) ——
Anglo-Canadian Oil Co.,-Ltd. (interim)
;
Anglo-Canadian Telephone-^-.
6%
5-15
5-28
.
5-18
6-15.
25c
Associated Dry
5-24
6-
,
5-18
6- X
,
4-30
6-20
1
-
1
5-15
6-15
;
4-20
V
-
5-15
•'
4-20
1
6-
25c
prior
Arcade
ft
25c
"V.
5-
$1.50
Anheuser-Busch, Inc.
--
6-15
5-
-
$2.50/
—
5-14*
;
6- 1
$1
——
6%
•>, Class
•
(quar.)***_
5-15
5-29 '
6-1
15c
50C
•—__——i,—
B
Anchor
5-31
8-15
6-15
.0-12
*
Amoskeag Co., common (s-a)———u..
$4.50 preferred .(s-a)
Ampco Metal, Inc., 6% preferred (s-a)—
5-15
6-12
5-15
,
1
6-
20c
:*
(quar.)
?
5-1
15C
'
4-24
6-1
250 ii
Class
.'7777'7'7/'•
133/4C
:r
Co.
of Illinois
American Superpower Corp., $6 1st pfd
American Thread, 5% preferred (s-a)—
'
—
—
Co.,
Co.
American Steel' Foundries
'
5-24
'7
;
6-31
5^B
75c
640
5-31
6-15
75c
:>•
..
American
4-18
2
f
5-15
•
6-15
25c
■
American Smelting &
0-71-'
5-22
1
6-
American Rolling .Mill————
5-16
'7
5-17
5-17
6-10
12VaC
7 7% preferred; (quar.)———
7American* Re-Insurance (N. Y.j (quay.)
1
7
4-17,7
5-15*
•American Radiator & Standard Sanitary—-
J*
P
5-15
—
5-16
5-27
70C
**—
6- 1
15c
75c
preferred (quar.)—
Products
(monthly) -
American Tobacco
——
5-20
"3%c
American News Co., new common (initial)
American Pulley Go.
(quar.) —
5-31
8-
6-15
:f 7r
6-. %■:
'
5-31
6-15
5c
5-15
250!
American Meter Go,
5-10
0-11
$$1.25
4-30
6-10
Leather—
American1 Metal 1C0. Ltd., common—
8%
preferred, (quar.)
5-15
25C
5-15
5c.
5
I
25C
Corp.
Molasses
convertible
-•-;.
$3
7
5
-0-.T
5-15
70c
—
6-
6-15
•'•«50c
5- 4 ;
6* I
8.%
•
4-30
25C
1
(Stv Louis)
0-
•/?
•5-10
25c
.
5-11.
6-
.
50c
American Investment
5
6-15
6-
5
t$1.50
American«Marietta Co., Class A ,(s-a*)—6 %■ preferred (s-a)
0-25'-'-'
/•:••.
7 5-15
'
6-10
6-
62V2C
American .Home
1
1
6-
25c
$$2
6-30
it
9
6-27
15c
American Hide
5-11
6-15
-.
7-20
(special)-
r
5-
,
5-
5-15
y-ri« 147- 76-1$
15c
,
——
5-14
7,6*1
5-1
•oV'i-
$$2.50
(s.-a)——-J——•—:
>
6- 3
*
'
5-15 7
$5
—
.$2 preferred (quar.)-—-,
———'
.$2.50 preferred (quar.)—
$3 preferred (quar.)^
——
r-
6-10
j
79-20
,-7
75-18
5-18
-
American
6-10
7
6-20
.
10-. 5
•
'
782/sC
-
—n
(irreg.)-,.
4-30
5-31
1
7- 3
$1,487
convertible
Quarterly
7-
20c
preferred——
————::
$5
•76-177
20C
American Fork & Hoe Co.—*
American Furniture Co. (increased)
5
-
: -
$45c i
•
'
Beofing Gp. (reduced)
Greenbush RR.^Assn. (s-a)
Tank
United
•
•
40c
&
1
Corp., Ltd.—
Company
Common
Roller
Underwood
pf Canada, Ltd.— ';
(quar.)———
7-
'$10C
-Terre Haute Water Work s Corp:—•• ' 7:
I
1%'' preferred
(quar.)—
Texas Public Service (Del.) -(quar,).'
t^Troy
6-
6-1
5-25
12 %C
•
6-15
7-
$$1.75
(quar)—-
Foreign Power Co., Inc.—
preferred (accum.)
preferred (accum.)——!.-*—*—
American Forging & Socket (quar.)
:
5-17
0-40
0-25
$1.25
(quar.)
Corp,
4-30!
6-29
20c
——
Corp.
-.$6
$7
Investment
Insurance
Furniture
1
5-15
37'/2C
———
—
American. Barge Line Co.
5-16 V
*
6-15
37%C
(quar.)
Screw
Timken
5-20
25c
,
1
6-
40c
20c
Talon, Incorporated
5-10
•
'(quar.)
tlnsuranshares
5-11
;
6-10
:
American Automobile
v
5-11
6-
S1.5C
1
Co., Ltd., class A (s-a)
475C
Sun Oil Company (quar.)
25c
•Sunray Oil. Corp., comnion (increased),**r* 7 ;:7;i. l5c
4 V2% ::converti);le preferred (quar.X——— .7,,7:7, 45c
Superior Toolt3i Die Co. (quar.)
25c
Syracuse Transit Corp. (quar.)
50c
—l—
5-10
6-1
6-
150c
Extra
>
Stowell
5-10
1
";
5-29
6-1
6-1
1
$1.05
6%priorpreference(quar.)(—
;
of Reo<
6-
Shares, Inc.————
''5-20:77;' American
Can Co. (quar.).
5r22
American Crystal Sugar—
7
5-20
.6%
preferred (final quar.)--*——
5-20",
American &
1
$1:50
_—
Sterling, Inc. (Irreg.)
Stckely-Van Camp Inc.—
'. -Storkline
7-
6-15
American Business
6-14
6-
90c
r
(quar.)
1st preferred (quar.)
2nd preferred ,<quar.)———
$5.50
Standard Accident
,
.
6
$2.25
•'
'
Holder9
Wnen
Payable
+$2.71
preferred..'(accurni)—
Holding Corp. (increased s-a)——
American Arch Co.-:,—
5720
1
6-
37&C
•'7
(quar.)
preferred
5-20
f$1.25
—- ———
Laboratories
6%
•
5-15
30c
—a**
convertible
5-13
3
2
Amerex
5-15
6-
29c
•Spear & Company, $5.50
5-15
1
(it 15c <
-Registered (s-a)
'Imperial. Varnish & Color.Co., Ltd;—
6%
5-28
6-
•
Sparks rWithingtcn cb.~
5-24
6-15
5-13
50c
Mill
6-25
1
6-
125c
—
—
37Mtc
—
pfd.
1
0-15
25c
Extra
\
6-1
'
partic.
■
-'77'
7
Western
preferred A
(quer.)—
5-15
7-10
6-
.
-
(quar.)
(irrsg.)
6-29
100%;
Stores, cbmmon (inci'eaaed)
4% preferred (quar,)—-——,Alpha Portland Cement——
Aluminium, Ltd., common (guar.)——6%
preferred
(quar.) —————.
Amalgamated Leather Cos,, Inc.—.
5-23
5
25c
Increased quarterly
•'
5-11
—
conv.
6-
6-
7»/2c
•-»i__._*
Southeastern. Greyhound
_
i2y2c
__
$1.50
'•75-:'8
6-21
70c
,,
•
conv.
Soule
5-11
6-1
Stores Corp. com.—.
25c
.4(4% preferred (quar.$1.06y4
Hudson Pulp St Power, preferred——w-*—
3iy4c
Huntington Water, 6% pfd, (quar.)—____
$1.50
Common
7:
■
v.0-io
$3.00
preferred
55c
6-12
'•'6-.'l'
6-11
25c
..Illinois Municipal Water, 6% pfd. (quar.)
'Illinois Power Co., 5% conv. pfd. (accum,)_
(Imperial Oils,. Ltd., Bearer (s-a)——
.
7^:
5-31
.0-29.
(increased)
Allied Kid
5-11
6-1
J25c
•Smith
(A.
O.)
Corp..——
*
,Solar Manufacturing Corp., common (quar.)
5-17
5-31
$1.75
—
.Howard
preferred (quar.)
5-15
1
v-
-
certificates
6-14
20c
Allied
"
7 $2.00
B.) Inc.
(increased)
(W. A.) Pen Co, (guar.)—
Partic.
5-17
5-31
25o,
Tobacco, $4 prior pref. (quar.)—I
$3
non-cum.
pref." (quar.)-----—
rHathaway. Bakeries, Inc.—
I : $7; conv, pfd.. (accum.)—i—
"Hewitt Rubber Corp. (quar,
1%
5-31
75c
(quar.).
JHartman
V
5-17
4c
——~"
5%
1
t25c
.Company---—---,------*-,
preference
^ Allied
■
6-1
0-
25c
(quar.)
Precision Corp.
Dairies, Ltd.—
(quar.)
/Simonds Saw & Steel Co.- (increased)
Sixth & Broadway Building Co.—
5-17
;
4c
'
•
6%
1
6-29
25c f
(R^
Silver wood
Wire
^ Algoma Eteel
7
5-20
...
•50c
Silver Creek
5-17
5-31
4c
-
^
■
2c
pref.
-Signal Royalites Co., class A
'5-17
5-31
4c
Company
66-
5-15
25c
(quar.)
Extra
('
5-17
5-31
4C
.Extra' :•*
Shaeffer
5-17
5-17
f.c
——
——
•
76-10
•6-
25C
f
(increased
International
4%.partic.
Brothers
Semler
5-17
5-31
$1 partic. pfd. (initial s-a)___
50c
tHanley (James) Co.,. common (quar)
25c
7% preferred (quar.)
.gvyjc
Hanna (M. A.) Company' common—
25c
f - $4.25 preferred ( quar.' $1.06(4
Gas,
5-31
4c
———I-.
:r.v;K-
5-17
5-31:
Ltd.,
5- 4
7-
f $2.50
t
./■;
preferred
—
*
A
Canadian
Co.,
Seeman
5-17
5C
;
•
5-17
5-31
tHahn Brassj
&
<
5-31
3c1
Oil
5-31
Works
preferred
Second
.5-17
4C
Co.^
'
(quar.)
Seattle Gas, $5 1st preferred (accum.)
5-17
5C
Metal
5-15
25c
2 [
■
»
Seaboard"-pihance-'Corp.—
$1.50
5-20
15c
Quarterly
7
5-27
>
4Scranton Electric Co.; •$6 .'preferred*—_ I__ v
<$1.07
Scranton-Spring Brook Water, com. (initial)
-15c
4.10% preferred (initial)
$1.02%
5-17
1
Share
——
1
5-
6-28
W
«
5-17
5-31
l'/2c
IIIH
i-_y—-
Chemical
1
,50c
St. Joseph Water Co., 6% pfd.:
Sardik Food Products (initial)
..
7%C
——
6-
1
6-
50c
Richardson^,Company
5-17
5-20
6-
—
(quar.)——-
Alabama Power .Company,
v/
5-31
6-15
$1.75
Royalite Oil Co., Ltd. (s-a)_
Rutland j& Whitehall RR. (quar.)
5-31
6-1
$2.00
Refineries, Ltd.—
partic,
"'7"•:',:$6 preferred
$7 preferred
;
'■ Alaska Packers Association
6-29
■
7
'
5-15
1
6-15
$1.50
5-17
5-31
.$2.00
;
(quar.)
——
5-14
0-
'7-12
$1.00
________
Reynolds (R. J.) Tobacco 3.60% pfd.
Art
pref.
preferred
7% preferred (quar.)
Ainsworth Manufacturing
v
5-31
6-5*
50c
'
A—
5-17
2V2c
—
Extra.
JHolophane
preferred.
'
5-20
6-15
-
prior
5-31
6c
•
'IJtilities^aharesz..illjy-'v '
Hiawatha
6%
5-31
10c
I
^Tobacco;; -shares '
Harshaw
5-17
lc
;
—
.■'• Extra
6-15
'•':
$1.12 Vz
7 20c
(•.Republic Insurance (Texas)
(quar.)—
Republic Steel Corp., common——
5-17
V*
—i-—
shares
6-17
15c.
'
5-17
*4C
_H
*
*
5-31
A
Common
5-15
1
75c
6-31
5-16
7
r*
Agnew-Surpass Shoe Stores—
•
6-15
30c
(quar.)____
5-31
1
5-31
7. 7- 1 ;7
$1.10V2
(s-a)
(J. D.) Manufacturing Co. (quar.)i.Aero Supply Mfg., $1.50 class A———-^—•
8
6-28
25c
Reliable .Stores Corp., 5 % conv. preferred-—
Reo
Motors, 'Inc.——___
5-17
5-17
5c
1_—
Extra
6-10
15c
5-17
.
I iRailrdad Stock shares-^..i_...^-.^1-_
-Steel
5-
'
5-17
10c
#Railroad Equipment shares
1
1
7-
50c
5-31
6c
ir_„'
E>:rra ' i.„
Class
'
5-31
2'/2C
'
i;
•(Railroad JBond shares
i-
Acadia-Atlantic Sugar
i,
5-15
5-15
•/.&■> 40c
Public Electric Light Co., 6% pfd. (accum.)purity Bakeries^Corpi, (quar;)
(3Uoen Anne CaAtiy Co,_ (initial)«
I
shares
k Petroleum shares
<
1
6-
.
5-31
4'/2C
—_i—
'00 Extra
Acme
$1.75
5c
-
shares.——
shares
6-
..
4'/2C
-L.I " •"
III2II
II
——
Merchandising
Extra ^
6-15
i--
7 $2
.ifa 15c
Development^ Ltd. (interim)
Rrentice-Hail, common (quar.)j
shares—_-IIIIIuI~
shares
5%
(quar.)
Acme Glove Works, 6% %
50c
(quar.)__
5'
shares—-
■
5-20
.
5-20
2j/8C
~~
i;>
Extra
4-30
6-10
25c
5-20
4c
C'#i Extra
0:Investing Co.
5-15
25c
5-20
5-31
;7'
"
1
4c
G-
,
75c
Adams
..
preferred
5-16
JOC
Name of Company
5-31
•,''I:'••''7,%.;;;preferredquar.)**
$3
5-31
0-10
"
t
6-14
7 : : V .!:•': $1
6- 1
Extrrf
v
6-
6-20
1
6-10
8-31
5-31
■,-m. 35c
Placer
7-
>
2UC
77
yyy 75c
preceding table.
" .7
0-13
1
5-10
-j
Co
3;/2c
(y Food shares —^
pi}.' Extra
«
>?Fully Administered shares
■
'Mi:
62 %c
5-18
.5-31
:
6-1
Pittsburgh & -;Lake Erie"RR._i._*___i_i_^.^
Pittsburgh,.; Youngstown & Agftabula Ry.—
"
IIIIIH
Bond
10-
.6-17
'•
25c
Paper Co
5c
^•Institutional
1
6-15
Mulliken Corp.,**
Brewing Co.—
Pfizer (Charles) & Co. (quar.l^*__
sphlladeiphia Suburban Txf nsporeation," com.
■
5-15
2c
shares
Bond
1
7-1
7v $2.25
Extra
7-6
:
5-10
dends
$2
6-21.
-
^
General
6.
5-15
29c
Pfeiffer
.
5-20
Below we give the dividends announced in previous
weeks and not yet paid.
The list does not include divi¬
announced this week, these being given in the
5-15
7.5-15
$3iy4c
,'•
Standard -Cos ••:<'quar.;)*,_;».i-*i*«wi.
Transit
6-20
•
,
(Utah)*.
Coated
1
f
Per
'
75c
211III
—
.-Industrial Machinery
■ Extra :
1
10-
$l5c
$$1.25
6C
Equipment
6-
$20c
$1.50
tyy Extra
t
5C
-
—
Electrical
1
7
7 25c
4c
—
6-
,
'.$1,25
10c
Extra
"
5-17.
3V2c
$5 Chemical
'
4
6-10
6-28
25c
—
7-
5-31
6-15
,0-1
i6-20
$1.75
•
Fettibone
.
*
shares
Extra "l
•yLow
5-
$1.25
rf-vi, Extra
*
1
5-15
6-15
•
•
Building shares
<
6-
'50c
shares
feAviation shares
g
,r>
5-29
6-12
1
6-10
'
Pepppxell Manufacturing-Co.' (quar.)
PeiBultit Company * (quar.)
4-15
6-14
ioe-
-
Great Northern
Ry. Co., preferred(Griggs, Cooper & Co. (quar.)—.—
Group Securities, Ir. v.—
■
€-15 f.
20c
Investments, Ltd.—
certificates (irreg.)
Great Northern
Paper (quar.)———
{'-£*
1
5-10
7-
35c
(quar.)__
•
1
50c
*
Inc; (quar.)
jpgrker • Pen^hew uprnmom (initial) ^0^0
Penh State Water, $7 preferred
(quar.)*
Peoples-Telephone 4y.>% preferred (irreg.)—'
5
6-
Tin
-Agricultural
A-I-—
Manufacturing Co,.-^*Power Co., 4%%
lireferred
Orpheum .Building Co. (s-a)
"&l A:.:,?'-
<:i' American
■1
6-
6-10
15c
vAlotorsfHCommonifre^
General
6-15
$1.50
(initial
Corp.* (quar. )_i.'__'___
Industries Co. (quar. >_
^General
*
common
5-29
5-20
2
5-18
■
Weyenberg Shoe Mfg
Winnipeg Electric Co.—
J
5%
non-cum.
preferred (s-a)
Wool Combing Corp. of Canada, Ltd, (quar.)
Wurlitaer
(Rudolph)
Co,*—
Wyandotte Worsted Co. (stock dividend)
5-31
6-
6-11
7 ";'7 7-
IOC
—
Oak
8-'6
$3
(accumjjw-l.
•••''•
* *■*. y
6-10
6-15
^^arambu^ ^Pictures,
100%
new
Extra
7-10
50c
—
Bronze-
General
7-15,
5-11
30c.
Ohio
6-15
.5-3
5-31
5- 6
10c
——
Electric Corp.
(ouar.)___________
^Nu-Enamel Corp, (quar.4
6-18*
$3I,
6-28
6-14
6-10
6-12
v.
1
'
.;
0-.14r
•
6-15
■
(Boston)
Utilities Corp.—
1;
convertible
preferred
6%
•
1
40c
-i—-i-_——-—-i
Western
7745-15.
1
7-
1
$1.00
certificates
Extra
*
6-
6-10
-"v.! •; 25c
Co.——
Western Real Estate Trustees
>
'Ac
tNelsonCHermanlCorp,-..^,.^,**.^,*^*..*
5-16
$1.50
dividend,
.G&lvln Mfg. Co.;
&
Telephone
7
$$1
Pipe Co, (final liquidating)—
paid immediately upon presentation
' for
cancellation——
be
of
6-10
425c
Newport
6-12
6-
•
preferred
Gummed
National
:
25c
$1.75
To
.
&
„
ContainsnvCorp^i^^ (i)el.^
National (Rubber Machinery (quar.)
■
8
Baltimore—
JProedtert Grain A Malting^
v
5-
60c
*
CompaJiy- (s-a)
(A.
5-15
5-25
ffational
5-11
^ NewHotels B ('nitiali
class
Ford
Freiman
Nashua
5-11
6-
Rico____
(quar.)-..
Fenlon United Cleaning &
Dveing Co.—
V 7% preferred (quar.)—
finance Co. of America
.^v^W.:-olas?.: A: i*initial
20c
81140'
National
50c
•6-1
•
Morgan .(J. P.) r& - Company
MorrisonCafeterias Consolidated
n,.
$1.50
6-J.5
Western
1
..
1:
$1.75
6-10
$1.50
■
i.
7-15
7-
7- X
■*7-717:
y
Light
'
>
6-1
1
6-15
$1.00
—
——
6-7
25c
Muncie Water Works, 8% ; pfd. .(quar.)~_«*.
>j^anaim»-»Duncan Utllitie&r--
;
5-20
1
Federal Light &
Traction, $6 pfd.
,
J-4
(quar.)
Engineering Co. (quar.) —----'Extra.i_--J—
Auto Supply (increased quar.)
•
5-11
5-
-25c
common
erred' -(quar,)_*
Mountain Fuel Supply
IM.
$1.75,
(quar.)
Porto
2
0-15
8-
(quttr.)_._»^^:^\.:_
of
*f
'5-3$;.
30c
-preferred (quar.)_„_
Eastern Utilities
Associates^_^____„_„^__
Gas
7-
**
,
2%
preferred (quar.)
Interurban Water Co.—
Natural
7-16
6-30
r-
I ,;
1
7-15
$1.75
(quar.)_
Mbtusanto Chemical—
,s« •
$3.25 -jhseferred'- A^^ (initial)-.—
Montreal LoamMortgage (quar.)-
"5-21
6-1.
$25c
93%fe
dividendy-_.L:__„:k;r
(initial)^-.
Fajardo Sugar Co.
5-24,
1
8-
25c
66-
;
•><?**:; 5%
Lid.
Co.,
U:!
75c
4%
Western
75c
,.$$1.25
J5-29
''*$1.25
4
EI Paso
7
*55 %c
(stock
preferred
6-
6r
.5-20
:'••
'
1
7-
50c
$5.00
•
(quar.)_—*——*
Co.
Cotton
)
7-
7-
'$1.75
Wellman
75c
,':;.%ftCommon
5%
preferred lquar.):*w_^tv-ii.
•4S-11
6-15
$1.75
•
v:-:--:.'M6narch^iKnittihg''-Co^V'6ommoii,tMtce8UiAie(jl):^.:::.
5-20.
6-10
7"
Early & Daniel, 7%
6%
Corp.,
Knitting
Of Reo,
■
'
Western
,
Steel & Coal Ltd. class
Dominion Tar & Chemical
Co., Ltd.—
New $1 preferred (Initial
quax.);-i--Dresser Industries, 3%%,
-preferred (quar.t_
East St. Louis &
1
6-25'
50c
Dominion
dividend
6-
5-17
35c
_
•
Pr.:5:Pepper:'<?ompjtnyai:ixi;u^;^ij;j-,^
Cash
1
50O
.(quar.).
preferred 4quar.)_^^^__i_-_^__,_^
Corp.
6-
7:6-15
1
7
'7% preferred (quar.)
'Michigan Public. Service .Co. (quar,.
MissouriUtilities Co., common (quar.)
^'5%'- preferred (qtuafiry,. ;MI.
•
5-15
-
$1.12%
Common
Duplan
60c
,$1.75
(quan>7
>:
sv
.
pfd. (quarJt*.—
.■
5-20
1
5
50c
System, Inc. (quar.)*,---——'•'
Company, common (quar.)-—*-,.
preferred (quar.) ——
———
Walker & Co., class B
—--——
:
$2.50 class A (quar.)
————
Waverly
Oil WorKS->--•
7-
6-
30c
——
Walgreen
7-
6-
—,
—-
(increased)
Boldert
Payable
■
Waldorf
5-29
6-14
7
25c
•
'$1.75
_*
Diamond Alkali.. Co;'(quar.
Distillers -Corp.-Seagrams, Xtdv-^-"
Thermit
5-17
$36.50
McGraw-Hill
&
5-15
17
25c
6-13
(quar.)*......,-
preferred
$1
25c
S.
When
Share
Inc.—
Lumber
Wabasso
0-10.
6-15
62 "2C
Co
6-17*
7-
Dayton Power & Light, 4%%
pfd. (quar.)__
•Deep Rock Oil Corp. (quar)**_*.._i,*_>.._
•Delaware St Bound Brook, RR. Co,.
.5%
C.)
7-
30c
~
5-15
^
..•:•
,
Publishers,
&
Gypsum Co., common (quar.) —
preferred
(quar.)
Company (liquidating)———.
Rubber Co.
(increased)
S.
Utica
6-15
25c
Matson
40c
Crum & Povster
Insurance Shares Corp.—-
%
(R,
___
.7% preferred"4quar.)
Cu*5ee Clothing^class A
j;
Mahon
■
6-
IOC
J. •& AI. .M.
(increased)
;
common
Cqshman's; Sons,, Inc., JJ%
Man\ifacturing & Sales Co.
7 7-12
6-29
,420c
Consolidated (s-a )-****_*__
Maolaren Power 'St .Paper Co, (QuarJ——
6-21
t
Crown Cork- International
Corp.—
jA $$ class A (accum. )_•_*
(quar;)
—..^i 7
(quar.)—.*—,
H.) Ih3.
Lynch Corporation. (initial),i.*_„_„*_-*^__„
M.
'; Y<*i
$1.50
,*
20c
(quar;),r_i_—
(P.) Co., common (interim)*-,
pretetred' (quar.)**.-
7%
^
-8- 1
5-31
Lwillard
J5c
Coppermine's' Corp...._____-.
(Chicago) (quar.)'r?(Chicago) (quar.)-
Continental Assurance Co.
Continental Casualty Co.
■
S.
7%
U.
6-31
;7 6-10
^ame of Company
"(quar.)
pref.
U.
5-31
>
5-24
$2
,
5-16
25c
.,«Lefcourt Realty—,
:
$3 conv, prior preferred' (arrears)
Lexington Water, 7% preferred (auar.)
Lincoht BIdg., partic. ctfs—***—-..
Little Schuylkiil Nay. RR. & Coul (s-a).__*
.
1
$121.00
:
6-
:
'
6-
•
i-i...
,
'7
5-15
$1
Leath &
25c
:
Printers
5-15 77/ i Common
,
37VaC
Bicachery & Dye Wcrks (quar.)_*__
Company, .comnippt>(-quar.
.$2.50 preferred • (quar,)*^v^^«.-r.---r--r------'
Lee (H. D, ) -Company (quar.)
6-13
Per
y.
Re0.17%
U.
Wells -Company <quar.)_*__^._—____
6-13
oj
y
20c
Lanett
-
'••6-13;;
1
$1.25
1..
conimon___
5%. preferred (quar;)^j___^_.::^__i-.__
Columbia
BroadcaUing. cIasa A*4A
•_
„
Lane
5-25
7-' 1
$5.60
:
;.$3,
A"
Aikmait Corp,,
Lake JShore Mines
'
6-15
.
Collins &
(7$25c
4%
iPiant-Choate, Mfg.
Lamston tM'.
Coca-Cola International
Corp;, commonixw5
1
La
'
-
1
6-
02 ■•*
6% 1st,.• preferred (quar.)___
-31 %c
.Cock-Cola Company, common (guar.).....*
•
■ 75c
v. ;$3
class ;A' (a-a,
j*L^*V-j+). A:::.- -••■,•■•■ *„ .,<••,'■' $1'.50"
.
..7
;7&25O H
)__i__-.f.__r————
—
5% ; preferred
Holdert
t
United
2nd pfd. (quar.)*,
Kinney (G. R.) Co., :8 4>fd- (arrears)——
Koehring Company (quar.)*—"
;j
When
Payable
•
,
Utilities Corp.—i
Johnson & Johnson,
'
-
.
vcomtodii''- (initial)i,i:i^iii;i.-___-i_i "■
-Machine •Co.——^—r-i-ri ;
/"Uaoger
Chattanooga-^
T
\ s-a
>
Registered-(reduced s-a)___r_u
6-15
6-31
Bearer "•( reduced
■
5-10
r
5-31
$5c.-
;
'v
».:7;
Per
Share
rfSs
^.ihtbrh'ationail Petroleum ,Co.vI*td.i-
,
5-Ik
V 1.
V 7%$I5C$
7' Extras
$-18
v.
6-14
*
'
'..J
-*
Cincinnati .Milling-: Machine,
Circle' Ba^J5^itttng^LtdfL
■■•.
■7.
Homer t
6-14
2%c
il.....,**
Chicksari
>'
When
,
■A^i:^,,fha&j''-iPayof Reo.i
^Chateau
7,Extra7
6-
1
1
6-1
5-31
•'•
5-15 :>
;i
5-10
5-15 j
5- 1 '!
'
5-15''
5-15
fi-iai
''~.V'
Baltimore
or Company
Porcelain
Steel,
-i.v/U&
When
Payable
'c
"v7%
preferred
(qukr.)
,"•'7%
preferred
8%Cv
(quar.)_
-—-A
pfd.
7Vo
Radio Snow,
9-10
6-1
,
6%
(qixar.)'.A~--.--A-..,—
preferred
Bankers
&
H.)-Co. <quar.)_
,—.w—cf Canada_,—_'-.,-,———
(W,
Bath
Oil
Iron
Co.
Works_>
•'
43A%
Beath
(quar.)
& Sons—
D.)
Cleveland
5-31
Cleveland
6-
8
5-15
Common
7-
1
6-15
$4.50
4-30
Cleveland
-20c
$1
:vi$25c
20c
(quar.)—*
preferred
conv.
Bessemer Limestone &
!1V
6%
preferred
Best
&
Betidehem.
J.'ji
5-14
6- 3
Blauner's
/
/;•': $3,
Blaw-Knoar
(quar.)i——
Company--
Block
Brothers
/•'•'/6%
(Sidney)
.Ordinary
'Brewers &
Annual'
.
$2.50
Distillers
35c
r
•
;
Budd
(E.
G.)
5-14
*
4-19
5-20
4-19
\'.6-;T
7-
$25c
6-
2
+20c
<quar.'~>'$20c
5-
5-15
■:/
15c
trating ' (quar.)
2
--—
0-
1
5-6
1
5-6
4-26
6-
5
V
1
P 5-1
6-
1
^5-'t \
:•»
15c
6-15
6-30
Caldwell
10c
7-
ioc
6-15
California
J.) (increased s-a)_Mills,
Cotton
Electric Power
r.
(quar.)__
California Packing Corp.,
57a preferred (quar.)
:i
Callaway Mills,
preferred
$2
4-16
^•6-20
6-
5-25
1'
5-15*
5-15
62 (4 c
'
'
'
6-15
4-30
2714c
5-15
4-30
50c
9-10
8-31
50c
12-10
11-30
:
——.
15c
6-
1
34%c
preferred
(quar.)
:
ilOc
Bread Co.. Ltd., common, (annual)
16214c
5.% class B'
4(4% -V 1st preferred
(quar.)
f$1.12(4
Canada Cement, 6J/3% preferred (accum.)— +$ 1.62(4
1
;
6-15
.'
7-
2
•
6-
7-
2
Forge
" 5 Va Vo
-
Canada
•
_
Canada Foundries s& Forgings, .Btd.—
Class
A
'
Canada
Machinery Corp.. Ltd.j>(s-a)
Canada-Maiting Co., Ltd., bearer '(quar).
'
Registered (quar.) ri——iLLli-:
:
'Canada -Northern Bower,;-common
.7%
Breweries '
Car &
•
Class
New
(increased).
.
(quar.)f
Canadian
.'Canadian
•'•••*'
Electric
General
Industrial
'Class
"7%
preferred
4-29
•:/
5-31
5-31
(ouar.)
-
Extra
(increased
^
5-31
7-
1
6-15
5%
preferred
57a
6-
1
1
5-
2
6-28
Dodge
6-28
7-15
$$1.50
5-15
Dome
6-14
-
'v
Carpenter
(L. E.)
& Co.
Carpenter Paper Co.. common (quar.)
Common (quar.)
4% preferred (quar,)—
4% preferred, (quar.)
-.
—
5-15
5-
5-
1
5-15
4-26
$$1.25
.
5%
Tractor
Central
Arizona
Central
Bag
Central
Light &
$1
Foundry Co..
Central
Louisiana
Ohio
Central
3.6%
■>
—...
A/-".
Certainteed
conv.
&
Products,
67c
6
6
prior
Corp.
5-
5-15
1
5-10
6-
.
G-15
6-
6-
1
6-
$1
5-
1
6-
■
5
5-17
.5-15
40c
90c
preferred-^
Stores
5-23
5-31
$1.25
;
Che in
75c
15c
,
1
Valve
Champion
Paper
Extra
25c
50
5-25
&c
; Chase
preferred
$3.50
'</ 25c
25c
(quar.)—
—!ji'i-.''
Corpoiaticn (quar.)__
Candy Co. (quar.)——
—
6-
'
50c
75c
•
Copper
Chicago Corp.,
Co;_
$3
Chrysler
Corporation
:
—
75c
1
Graniteville
5-1
5-15
5-31
6-
6-
1
5-1
1
.
.
5-11
1
5-1
Co.
Co.
10-10
6-
1
8y9
uh- ,r
Y.) (stock diV.)M
(quar.)__
.
6-15
0- 1
Guggenheim
;■
6-15
Co.,
&
-
$1.25
$1.75
preferred
1
5-
4
U
5-20
"■>
7
\ 5-15
1
5-20
;i>." 5- 3
5-18
S
430c
7-30
4$1.25
6-1
430c
5-23
A
(quar.)——
.
Extra
5-15
z: :.;6-:i//
6-1
'
5-
1
5-15
"5-15:
1
5-11,
7-20
7- 6
6-
1
5-15
5-15
4-19
5-25
6-
1
5-31
$4
4
/ 5-15
4
5-15
Powder
Co.
5%
preferred
7- 1
6-21
(quar.)_
'/:•
(increased)
.5-18
1
6-15
7-
7-15
5-15
5-
6-29
6-20
9-30
9-20
12- 9
$1.50
6-15
420c
V; G- 1
5-15
" 5-25
3
75c
,
(Chas.
E.)
Co.
(quar.)
(Henry) & Co., $1
class
A
(
rtllQ t*
//
67a
Horn
preferred
k
6-18
7-26
,7-16
6-
1
6-
1
•' '•
■'•■J:-'-/y- !
(quar.
(N.
fiardart Co.
6-
1
90c
7-
1
6-20
7-
1
6-20
-i
5-15*
30c
:
7-
1
6-20
$1
6-
1
5-21
6- X
5-15
Hudson
6-15
5-15
5-29
4-10
5-3
6-27
6-
$1.06'A
_:—-
v\"
$1.25
50c
$1.50
$1.25
$25c
" 6-15
5-31
Oil
&
Refining
(quar.)—*.-—.
(quar.)——-
•
/Hunt Foods/ 6%
12-
6-
n„h0c
37VaC
3
1
5-15
5-15
'
;Hummel-Ross Fibre Corp.— , ; ^
/-'/' .; .
6%
preferred: (quar.)-—-—-—-——-—
' $1-50
preferred urreg.)—i.—— v15c
5:"6' preferred tquar.)
57c preferred scries A (initial) 2—;—--—$0.088J
Hussmanri-Ligonier Co., $2.25 pfd. (quar.) 2• 56 Ac
/"
*
Motor Car Co.
Humble
r
5-21
8-21
7-15
preferred
(Guar.) —_i__—.—-—
$1.25*
/Houston Lighting k Power (quar.)i.—/;/. fOc
Hudson Bay Mining & Smelting (quar.)——/ •• ; J50c
6- 8
6-24
25c
5-15'
/
•
40C
//* 57o
15c
9-1
415c
(quar.)
'
,
11-21
;
'
5-21
4$3.50
(accum.)
Y.)-—
/
1
25c
Villi 1
& Co., common
„
6-20
1
'
250
^
(George A.)
6-28
25C
(quar.)
•
Hormel
5-31
30c
—
6-
15C
//Hooker Electrochemical, common (quar.) —
$4.25 //preferred
(quar.)__—
Hooven & Allison Co., 57a pfd. (quar.)——/
•
6-1.
6-10
sic
(quar.)
A
class A
7%"pfd.
5- 7
>
1
'1/
15c
Holt, Renfrew & Co.', Ltd"
Home Oil Co.. Ltd. (annual)
7 6-1
$1.50
$1
5-
"5- 2
1
15c
AIOQC
'■./
1
12-21
$1.50
"
Holt
5-1
5-15
,
Hires
6-14
'
6-
50c
Monthly
4 6-10
6-1
4-25
$1/ f6- 1/Z- /,.S$1
3
4-25t
y;
40c
■
////Monthly.
5-15
5-
5-15
i 5-15
preferred B (quar.)
—.
Heywood-Wakefield Co., common (irreg.)—
59o
preferred B (quar.)
Hibbard, Spencer Bartlett & Co. (monthly)
-23
1
5-15
6-14*
5-15
750
4%
'5- 4
•'/-•/6-
5-20
y
1
6-14*
$1.25
(quar.)
(quar.)—
preferred
common
Heyden Chemical Corp., common
4% preferred A (quar.)_——
'
'
7-
50c
Hershe.v Chocolate Corp.,
4-
5-25
50c
$1.60
;
5-15
50c
•:
————
5-15
6-1
5-24,
25c
—
•
'/'/:/J
(quar.)'
(accum.)-,
(quar.)
5-
1
6-30
30c
District Elec. Cc.. 57o pfd.
English Electric Co. of Canada— -
1
50c
6-30
5-15
15C
1"——
Empire
6-
25c
(quar.)
5-15
•
i————
pid.
1
JrOc
——
(quar.)
/
5-15
$1.50
>
6-
2%c
Goods
State Telegraph—
guaranteed
4'/2%
preferred
1st
25c
(quar.)——
Ltd.— ——.—
(qxtar.)———
-1——1
Participating
Empire k Bay
Chemical,
9 5c
Products,
(quar.)_
.
6-14
$1.12%
8-1
425c
v
(quar.)-, ————
Embassy Realty Associates, common-t-^---v
Class
67a
Ry.—
<
,6-14
1?
5-10
5-24
5oc
Hawaiian Pineapple Co.. Ltd.—
Hazel-Atlas, Glass Co. (increased quar,)
Hercules
'•
Dry
1-
50c
m.
Haverty Furniture Cos.
6-
487%C
420c
—
preferred
5-10
6-
$1
——
4-30
6'/2c
Steel
»1
(quar.)
preferred (quar.)—
Harshaw
5-15
.
,
481
common
new
5-
6- 1
Havana Electric As Utilities Co.-—
_
Preferred
67a
6-29
;
5-15
5-15
75c
—
Common
5- 6
5-15
5rl5,
6-1
Harbison-Walker Refractories Co.—
*
15C
'lbS»
t-
6-' l.;y'
25c
—
■
5-15
15C
Extra-
6-10
IO-
;
25c
Class B
5-14
1
6-
7-1.
m
422 %c
,_i—
Extra
8-12
9-3
75C
62V2C
5-15.
47c
———-
Hammond Instrument Co.,
8-6
.,
C- 7«
10c
(quar.)_—
Ltd.
.
25c
w
Hamilton Watch Co.,- connnoni—v——
47a preferred (quar.) ——
67a pfd. (quar.)_
Hancock OH Co. of California, CL A (quar.)-
5-15
8-15
Manufacturing Co.
47a
v,',':,.'
Cotton,
5-20
4-30?
f
* 6- !♦
K5-2»
i-,7- X- ^6i2&
62>/2c
—_—
—
6- 8
6-29
(initial) —
Ely & Walker
■
5-15
1
-18
Massachusetts St.
1st
Hallicra£ters.Conipsuiy:v(quar.)_;^
Hallnor Mines, Ltd
5-: 4
;
75a?
$1.25
Corporation (quar.) ________
Hale Brothers Stores, Inc. (quar.)—
5* 6
5el5
/,
10c
6-14
25o ^5-15
34%%V //$•-i<-
Hajoea
5-14
5-20
7-2$
5e 9
5-15
15c,
. 6-14
'" i:'^-v
^S,^/i::'';,v
(qu&fc.)—
1st
$7
mm.
-7.-25*
.
30c //. 8- .1..
,
<
y:-/7-; 1/
/: :',8->l:
8- X '
$1.75
Griggs Cooper & Co. (quar.)—
5 7a
1st preferred (quar.)
57a
1st preferred (quar.)
5
6* 1
5-24 *', 5« 6t
•
* >
^quari)-—86%c
preferred
;;V:
,V
Indemnity (N. Y.) (quar).
Dredge <fc Dock Co. (quar.)
conv.
/8-15?
7
5-15
6^i5A/
30c
<
—
American
6ya Vo
5-2t(
25c? . - fleilj)
9.09% | 6-28
preferred (quar.)-_-
$2.25 preferred X initial
5-28
* 6-12
6-15
/
■
$3.
Great Lakes Engineering Works (quar.)>*.*,^.,
Griesetlieck Western- Brewery/Co.rr-
,
6r20,;
^500
/
Lakes
5-10^
4-17
* >
^ 5-25"
5-31 /
;
$ii29i
/Extra.
Great
5-21
5-15
6-27
C35cs.
Union
Great
"
:
c;
(quar*)^.^,*..
Grayson-Robinson Stores—
.
6-12
5-20"
5-15
5-1
5-15 " " 5- S
5-15 •
'6* 6
5-15 ?
5- &
•
5-30 . / 5-25
5c
6-12 •
5-24
37'/6c
.6-1' 5-20:
% ;75c>?;%,fr-15 ^%5-15(
preferred—
$3
Graton & Knight, 7%
7
6-10
4-26"
5-10*
6- -1"
»»
(H. W.)
Grand
7-
37%C
,
5-
1
6-14
■Gossard
6-18
1
25c
—
Inc.,
6-18
7- 1
5-25
-5-15 '
<
37%c
(quar.)
Brewing
Manufacturing
-21
Elgin National Watch Co.—
New
common
(initial) —
2
5-15
20C
"'
Co.
/Grace National Bank (N.
7-
n
5-255-10(
40c
»
-
5* 8
5- *,
5-14'
5-14'
preferred (s-a)-^.—. 250
Gorham,
5- 6
(s-a)
Quarterly
Quarterly:
5-
6-
25c
7.
C-,3
Rubber
&
(S. A.) Co,,
Gorham
v
5- 5
6-15
5-22
5-
5-15
6-1
6-12
4
8
5-15
preferred (quar,)—:
-r———' $1.12%
$1.25
Duquesne Light Co., 57c 1st pfci. (quar.)—
50c
Dwight Manufacturing Co. (increased quar.)
300%
Eastern Air Lines (stock dividend)
!—
$1.50
Eastern Magnesia Talc Co., Inc.
(quar.)—
67o
6-
•
5-
6-14
,
5- 4
6*
$1.50
'
•
20c '
-
Co.(quar.)
—_
Goodall-Sanford, Inc. (quar.)
Goodyear Tire & Rubbers/com; (increased)-.
$5 convertible preferred (quar.)_^^^i
5-24*
6-29
Tire
Goebel
5-15
5-22
15c
Eaton
5-24 /'
'
6-1
425c
Eastern
6-
—1__—4'.
preferred (quar.)
.'Chicago Yellow Cab (quar.)———^L,
*-€Ih^lton- Company
(quar;)___„
—^^
Chile
'
Gerrard
"60C
Corp., CI. B (resumed)
5-22
.
General
1
6-15
.6-25
Ltd, (increased quar,)_—
5-24
5-15
;
6- 1
20c,
—---.—
1
5-15
•:
20c
i
Hamilton
(quar.)—;
7-
15c
1
6-
6-
4Va7o
'
Chesapeake Corp. of Virginia——
v—-^._ /•Chestnut Hill RR. Co. (quar.)——•
Castings, $6 pfd, (accum.)—..
Steel Wares, Ltd., common (qujtr.)
Telephone Corp., common (quar.\.
$2.50 preferred
General
.
-
1
Gcnetal Steel
,
6-15
30c :f;v: 6-
preferred A (quar.)-——
Dravo Corporation, common (quar.)—-——"
49a
preferred. (quar.)—————Dumont Electric Corp.
(initial quar.)
Dun & Bradstreet, common—
—
5-10
5-15
(quar.)—
5-20
5-15' *
5-15
6-15 '
20c
25c
35c
•
_
6-29
5-14
preferred (quar.)-—
•
f
preferred / (quar.)—37%C"'":;:/6'-15:/;f/:'6^'6'':
'
6,
$1.50
(quar.)_^*.___i—*
convertible
6-
6-29
35c
—
6-10
/
15c
7Vo
4-30
6-29
-eilS'
$1-
(quar.)
common
Corp.—
Phoenix, $1 preferred
.$1.50
5-13
6-29
-
25c
-
(quar.)__
<
Paint
-
7-10
four held——-
6-10
$1.12%
/
60c
i-
(quar.)
Extra'
6-29
'
$4.50
Charis
—
—J—
4-27
5-25
(quar. )--_L——
Drug
Eastern
Mfg.. 7% pfd. (s-a)
& Fibre, com. (quar.)
$1.12%
-
General
\
57a
"
Chapman
7 \
Co.,
preferred
1
'
.
Co., common (quar.)
Investments, Ltd.— '&>»>.
Malting
Drackett Company,
1
5-15
•
-jd—-
preferred
'
.
(quar.)—
partic. pfd.
(quar.)_
Ltd.
Dominion Steel & Coal
5-27
5-
Belt: Co.--—.
Investment
7
5-23
,
quar.)
Chain
$0.50
10-21
1
6-
:
30c
(quar.)
A
pref. (accum,)——,—
57a
Dow
75c
(quar.)
Power—-
(initi«l
$1
67c
General
50c
Co.,
Dominion-Scottish
Dominion Stores,
3
,
Dominion
7-20
6-
—
pfd,
*
(quar.)
9-20
75c
(quar.)
preferred
77a
6-20
7- 2
>
preferred
1
11-
$1
'
General
5-15
25 c
pfd.
Dominion Envelopes & Cartons—
1
$5.25
Electric
Light
preferred
'
5°*
5-15
b>5-
1
Power
Co.
7-
£•
1
5-17
1
(quar.)
common
,
5-17
5-22
$i.5Q"
'
Ltd. (quar.)
;
——
Anglo Investment Corp., Ltd.—
10-1
8- 1
25c
(S-a)——
Co. (quar.)
Burlap
&
1
25c
17*
2nd preferred
Caterpillar
5-15
1
6-
5-15
'
,
preferred (aecum.)-Z—.
Catawissa RR. Co.. 5% 1st pfd. (s-a)—_
Cassidy's, Ltd.,
6-
50c
50c
;
6-
6-
$1
'
15c
i
&
Dominion Bridge
1
5-15
—
Carpenter Steel. Co. defeased)
Mines,
57a
(increased)—
r
—
Dominion
4-20
$15C
—
5-
Co.,
«
preferred
1
r5-15
25c
(quar.)—————
New
Utilities, 5% pfd, (Initial quar.)
Carman & Company, $2 Class A (quar.)
Class B (irreg.)—
6-
,
5-15
1
5-29
417 y2c
Cup Co., $2.50 class A (quar.)
Manufacturing Corp.-—
<
common
(initial)
7-31
Canadian
6;
(quar.)—
Trailer
.
Co
each
(quar.)
Diamond Match Co., 6 7o
Common (quar.)
5-2
6-
t2(4c
quar.)-^-
6-15*
,20c-
preferred
7-31
——-.w—
—
5-25*
7-1
,15c
J, ■
7-* 1'
$50c
7-25 >
6256c :/
25c
6- 1
5656c
v, 25c
J $1.75
/
General Finance Corp.— •
/.♦#/«»,
57a preferred A (s-a)
'/ ■'" 25c
6% preferred B (s-a)—
30c
General Foods Corp. (quar.)%«y«w—i—.
40c" "
General Mills, 3%% 'conv. pfd.
(quar.)i—
84%c ^
General Outdoor Advertising, common
—i..;
25c
4-30
5- 4
933Ac
*37560, :
preferred (quar.)
(quar.)
^
77o
6-15
Ltd.
prefelred'(initial quar.)—-,-^-:^^.^^
Company
Wood Industries; 456%" pfd. (quar.).—
Gar
5-20
!
250"
Companies,
General Cigar
'5-31
/"40C*"1
.y.y
——
Yard
Stock
2
Canadian Oil Cos.—
Common
Union
7-
-4 $1.75 '
7
5- 3
;-450c
;
■47e
6-14
,50c
*
6-151
5-15
• 5-1
5-15 •'•- 6- V"
7c
Gamewell
.
5-21
7- 1
";':''?i35c/-
.
4$1.50
Shares, Ltd., CI. A (irreg.)
'6-1
.5-15
25C
l Detroit Gasket & Mfg., 6% pfd. (quar.)
ii;/
Detroit International Bridge—
—
/ I New common (Initial)
Detroit-Michigan Stove (stock dividend). One
4$1.50
_i
(initial)
Dry Goods Co., 4Va%
Derby Gas &z Electric'Corp.
Dixie
,
4-15
,
additional share for
425c
—
4-15
5-15
(quar.1—'
Co.
475c'
'_
5-15
:
•;
$t"
'
5-15
rV.
As Hudson
common
Denver
u
4-29
5-22
/ - 6-1-;
New
Denver
5-31
1
425c
(quar.)-
Canadian Insur,
'"
7-
5-22
-
7-1
-i— -----
—
,
Fruehauf
43%C:
(quar.)—
preferred
7%
Co.,
4 $2
(quar.)
Freeport Sulphur
5-15
250^
.
:'v,
Alcohol—
(increased r
(increased»—_4Canadian Industries, Ltd.—
Class A. (quar.)
Class :B
~
(quar.)_——
B
'
7-15
6-20
7* 1
•
A
Class
6-20
412%C
-
5-10
8- X
75C
Co.—'
.
,
-r
6%
convertible prior preferred—
Dentist's Supply? of N. Y,—
• '
5-15
425c
Food Products, Ltd;, corn,
(quar.)
Canadian Foreign Investment Corp.
Class ' A
&
Delaware
6-15
y
7-25
425C
(quar.)——
C&nadian
6-15
500/
■ ———-
Derinisoh Mfg.
6-10
6-15
125c
(initial—
A
6-15
431c
Foundry Co., Ltd., common
Fairbanks-Morse
Canadian
:zi.
;
Fraser
/ 50o:
v
,
(; quar.)—(Alfred) & Cohn (quar.)——-
Quarterly
.
'
-4$ 1.75
/-431'Ac
(qupr.)——
preferred
Canadian
6- 1
40c
,
Class B;
Decker
1
415c
<
.
$
5
t50c
(quar. }—
•
Canadian
Tester YVheeler Corp.V 8%
6-
6-24
y,//'25cv,
$1.00
(quar.)-
5
7-1
,
Deere
6-
5-15
25c
(irreg.)— / 420c
4$1.25
preferred (quar.).
430c
Cosmos Imperial Mills, Ltd. (quar.)-———
20c
Coty,
Inc.
(increased^—„^
Craddock-Terry Shoe Corp.—
$3.00 /
57o 1st preferred: (s-a)——"—4—%—-—
$3.00
6Cfe
2nd preferred (s-a)
$3.00
6 % 3rd preferred (s-a)
933Ac
Crane Company, 3%% preferred (quar.)_—
28'Ac f
Cribben & Sexton, 4.Vz% conv. pfd. (initial)
•Crompton & Knowles Loom Works, com-.— i
5<JC
Crown Cork & Seal Co. Inc. $2 pfd. .(quar.)
«/;50c/ ;/
"= oc$2
Crown Drug Co., 87a preferred (quar.)——_
43 %c
.77a
conv.
preferred
(quar.)
——*
4$l-50
Crows Nest; Pass Coal, Ltd. (s-a) —
Cuban-American Sugar Co.—
$1.75
77o preferred (quar.)—————
; 100% "
Cuneo Press, Inc. (stock dividend)
—
87%c
3V4%
preferred (initial quar,)—.——
40c
Curtis Manufacturing Co. (Mo.) (s-a)
75c
Curtis Publishing Co., prior pfd. <quar.)—
437%c
Davis Leather Co., Ltd., Class A (quar.)——
5-22
if®
.,6-28
450c
i50c
,
6-
2
6-20
J 3714 c
(quar.)-——..—-
'
7-
5
6-5
Company, common——
preferred (quar.)—
$4
,
6-1 •5-20
S
H'/ac
1211-20
15c ^ 6-10 ' ^ 5-27
Florida Power Corp,, 47c preferred
Foster & Kleiser Co. (irreg.)
5-15
,
,
5-15
7-
Camden
1
,
;
(quar.)
(quar.)
Co., common——
r
4-30
—
preferred
32
\
15c
v
'.;^.:"4.4%''-':'preferred-.':C';-(quar.:>-^i^'_--.-----.;
1
37(40
(quar.)
com,
California Water Service Co.—
6-
'
'
(initial)__
com.
new
:
5-21
.
California
$1.50
,
4-30
5-15
25c
G.
1
4
17y2c
r17%c r5'9* l^//i8^
Flintkote
5- 4.
6-
.
5-15
7-30
4
5-
1
6-1
•
6-
&
(quar.)
Corrugated Paper Box, 5'fa
' -20c
(A.
preferred
$3 prior preferred (quar.
Corporate Investors, Ltd., Class A
6-
Byron Jackson Co. < quar.)_
Cable &.-Wireless (Holding), Ltd.—•
§!4% preference (va)._.
J:
77o
(quar.)--—
12%e
; .,"4 % % preferred, (quar.i-—$1.1214
20c
Butterfly, Hosiery 'Mills, com :( initial s-a)-#
tVMc
;7%
preferred
<s-a>_—
i—-
y
12-10
6-
5-15-
0- 115-21'
<
*.
12-15
;/
5-l5\
-6-1'
'^ 6- F
25c
(guar.)—_
43%c
12%c
•4
—
Quarterly
preferred
7
common,
•^>■50
preferred .(quar.)
55c
—
20c
Conneli Dredre & Dock Co.—
77o
60c
6-1'
>
;
Fitzsimmons Stores, Ltd.—
a
6- 1
6- 1
-
20c
$1.25
Extra /£—
Fitz Simons &
5-15
$1.12i/a
Stores—
$1
5-15
25c
—i-Z—' '
5c to
77o
(quar.)
(reduced)
H.)
quarterly
5-22
$1.25
'
____
6-10
(quar.)
,
6-15
6-21
(s-a),,:
9-10
56y4C '
(quar.)
Corp.—>
7-
Burroughs" Adding Machine-Co, (increased):. •.
-Butler Brothers, common_-_-v—■
5
preferred
Phila.
6-15
*
•
12y2o
-
(quar.)
(M.
Increased
1
5-
of
9-15
Commercial
Continental Motors Corp.
Preferred
4-30
'5-15
Association
Fishman
'
Aircraft
Cook Paint & Varnish,
5
5-15
5-153
6-10
25c
—2c
Corp
4S1.50
—
425c
——•——
.
77o
t
1
6-
(quar.)—
5-15
6-10
;
15c
■
Company
4$1.50
(s-a)
(quar.)
5-15
"
4-15
—
(quar.)——
Corp., $1.75 pref.
6-
5-25
2c- /
preferred
Continental
5-17
5-31*
$1.25 ^
—
$3.75
:
1
5-17
20c <' 7- 6-15
Co. (qucr.)—
—
$5 prior pfd. (quar.)—_
5
5-15
6-15
5-15
ty
Works
-fl-1
25c
30c
(quar.)_-
,
^6-11
$1
Screw
Petroleum
6- 1
250
■ ■
(quar.)
Insurance Co. (N. J.) (s-a)
Firestone Tire & Rubber. 4VaVa pfd. (quar.)
Firth Carpet Co
common
(increased)
1
5-
5-15
75c
Co.
Corp.
5-15
G-25
$1.25
Corp..—
Consumers- Glass Co., Ltd* (quar*)*.——
Container y Corp ? Of . AmeKica-*.--M.-u-wi-,--Continental Can Co., common (interim):
7-1
93%c
V
3/
-
6-10
,.7H7
i
-
Firemen's
44c
———uu—
Vultee
Consolidated
'
•
Fire
4-20
.
Paper Co.
Consolidated Steel
-
5-15
7-15
60c
V; Bupkcr Hill & Sullivan Mining & Concen- "/'y
"Extra'
4-20
5-15
42O0 ;//
—
Consolidated
5-20
Co. ■: (quar,
& Machine (quar.)—
Building Products, Ltd. (quar.)—„
"
5-15
.
Buell Die
•'
Biscuit
Extra
.
Mfg.,
"56"
(increased)———
Consolidated Natural Gas Co.
5-3
6-20
$$l
J20c
Buckeye Pipe Line
Ferro Enamel
(quar.)
.un¬
consolidated Edison Co. of N. Y. (quar.)—u";
$50c
Falls
Federal
4-20
6-29
25c
'
———
5-15
4$1.50
Consolidated
Co., $1.50 Class A
Corp.
Extra
5-15
Quarteriy.>.»;—~
.
1
6-
10c
—-
Consolidated Laundries
'
i?
•
6-15
5-24
15C
1
5-22
'
'•7--"1 "•
50c
;
5-
5-15
6-1
•
6-
35c
Connecticut Power Co.
5-15
5-25
683Ac
Federal-Mogul
5- 9
I
&
$2.40 pfd. (quar.)
(quar.)
—
(quar.)
—
Connecticut River Power, 5% pfd. (quar.)—
Consolidated Bakeries of Canada, Etd.-r-
4-30
5-17
1
1
5-15
$2.20 preferred
5-11
50C f
(quar.)_.—_—
(Vancouver)—
1
5-20
Federal Electric
1
6-
75c
Connecticut Light &-Pwr.,
m.~—
6-
5-18
6-
6-29
6-29
75c
—
■
$1.25
,,/wnV..'.;
1
;■
50c
;
Hill
7- 1
$1.12%
$1.1214
6-
5-18
25c
',
,
•
5%
:
.250
•
preferred (s-a)/.
Federal Compress k Warehouse
(quar.)
Extra
——jj-—J—
:
6
6-
(quar.).
common
'.Extra
4-19
$1.25
(Toronto)
-m
(Syracuse, N. Y.)—
$2.50
$1.50
/.Quarterly ■'
Quarterly
5-31
1
Shops,
6-29
■v;~. 6-?l /
16%b
■
Corp
$2.50
Federal Bake
500
•
—,
Silk /Mills
Brack
/ 'Budk
6-15
1
45c
5-17
4-30
•
Quarterly
Quarterly
25c
pfd. (quar.)
Int'I
Publications
Nast
5-15
—■•••
Confederation Life Association
5-10
1
$1.75
•Bristol-Myers Corp., common- (increased) —
y_
.'ga/j
'partic. prefemdyfqURr.)-—---.—
'British American' OH- Coy (quar.)—y
y
1
6-
___——•.——.
;Extra
r
6-
,
20c '
Inc. (quar.)
;
Light & Power Co., Ltd.—
Traction
3
:
5-15
75c
(quar )
Airways,
6-25
16C
Boston. Woven Hose & Rubber
Brazilian
5-10
-
Conde
Bourjois; Inc., $2.75 preferred (quar.)..—
Boyertovm' Burial Casket (quar.)a—
Brach (E. J.) & Sons (increased quar.)—._
Brahiff
5-15
6-29:H
11-
(quar.)
Co.
of America
Co.
Gregg,
67a
Falstaff Brewing
5-10,
12- 1
$1.06%.
Shearing
&
Farmers & Traders Life Ins.
ii 5-
(initial)
Stamping
—
Corp., Ltd. (quar,)——
Commonwealth Telephone, $5 pfd. (quar.) —
Concord Gas Co., 7%
preferred (accum.) —
Commercial
Commonwealth
*?/
i——
(quar.»
'V.
6-1
Corp.—
Carbon
Columbian
^
•U-'M —'•
Insurance
Coe
(The).
50c
preferred series A (quar.)—
preferred 5% series (quar.)Pictures
L
87 %c
j
$4.25.-:T>referredP
<•
1st preferred (accum.)_
preferred (accunv.fe^—
Bond Stores, 4% preferred—-—
—
Borden
Company
(interim)-:
——
Inc.
5-20
10c
1st
Boston Fund,
5-13
5-20
$1.50
v>
Bohack (H. C.), 7%
•i. / ?• •%
Columbia
6-10
common.^..-—__
(qunr.)_——l—
Ridge Corp., $3 conv. preferred (quar.).
Optional payment (l/32nd share of common stock or cash)
.»
Blumenthal
8
28c
——
Blue
/•.:
5-
?
5-10
25c
Cum.
33c,
——
Tobacco,
preferred
6%
8
15c 0
(E. W.), Co., >5% preferredwpreferred
———
6 %
6-7
5-
5-23
r
75c
(quar.)——
,
5-23
7- 1
$1.75
12y2C
6-1
4250
Columbia Gas &
6
5
6-1
(increased) —
conv.
,
J
-
AY quar.
common (quar.)
preferred
Fairbanks Morse & Co. (quar.)
Extra -J^'
Falconbrldge Nickel Mines, Ltd. (interim)
5
6-
4250
(quar.)
common
e-
7" 1 '
50c
.-
^
Power Co.
(accum.),.-...
$5;pfd. A (quar.)
preferred A (qua^)-w--w--.-.i----^«.
85, preferred
.5--8;
k
87yac
stock (quar.)
(quar.)
(s-a_)-.»u-^-—
Iron, 57a
^
7- 1/
■/:
$1.12%
■
Central
5-15
i-'.'
50c
Milling1 & Elevator, . common-----.
preferred (quar.);——---——
Electric, 5% pref. (quar.)_
$3
4-25
5-
Fair
50c
Colorado.
6-20
5-15
6-1
*
$1.50
common
„
preferred
Bliss
-
Corp.,
(quar.
(Phila.)., common
i
7- 1
75c
40C
■
—
.
Faber
5-15
Co.—
RR.
preferred (quar.)
Colorado
Cement—
(increased)
Steel
4%
3
Excess
5-28
—
^—
$3.50 preferred (quar.)
Stores, Inc., common
5-23
>
5-28
6-15
25C 1
$5
*
.
(quar.)
Pittsburgh
Colorado Fuel «&
preferred
.
5-
50c
6-15
3
75c
,
—------;;
Colonial
$1.25
—-—~—
8-15
—
Colgate-Palmolive-Peet Co.,
5-15
6- 1>
$1.06% V :
$1.06'A
(quar,
Company
'/
5-15
9-2
$1.25
-r
'
-.
$5
preferred
Semi-annual-
1
5-
1
.6-
$1.25
(quar.)
—
regular guaranteed
A.% special guaranteed
Cockshutt Plow COi, Ltd,
5-15
5-15
12 %c
414%
preferred
(quar.i
Berkshire Fine Spinning Asociates, Inc.—
Common
(increased!
—'_■———
!
1
(quar.)
&
6-1S
llluminatins—■
Electric
7 %
5-15
■
(quar.)-,-ri'~-—-
Co., common
1
6-
$1
partic. A (accum.)/,
Belding-Hemingway Co. (quar.)____
v
6-
$1,18%1
$1,18%
—
.
,
6*1
•
■
6-1
Employers Reinsurance (quar.)
Rquity Corp., $3 conv; preferred
Erie Railroad Co.,
--
Supply
Builders
5-31
$1:60
Bell- & Howell
4
6-15
—-
preferred
(W.
(quar.)
57a
•
6-15
;
(quar.)w.
Bathurst Power As Paper, -class-A
5-
1
V> 6-
25c
<
$1.25
& Texas
preferred (quar.)
Clearing Machine Corp. (quar.)—
7
.
(quar.)—
■
preferred
$ 1216c
:
Barnsdall
5%
5%
5-
"
5-10
—f—
(quar.)
New Orleans
fe,//. Name 9f Company
5-10
6- 1 '
Pacific
preferred (quar.)-
$ 12 VaQ
412% a
Barter-Ellis Co.
Extra'
preferred
of Het.
6-1
35C
common.-^---
Clark Equipment Co., common
5-15
$1
.-..Quarterly,;
"Barber
4%
Machine,
Milling
7 Payable
Share
ttame-otCenipan^U"■
'
Cincinnati
Y.)—
(N.
Insurance
Shippers
<•-.
5-15
A.
'
♦'•
5-15
-•
*
15c
•
12-10
10-
5c
(quar.)___
Inc., com.
1
1-2-47
83Ac
^ 83Ac"
4
Cincinnati
6-11
1
7-
'
(quar)-—
Baltimore
ot Re0.
Hol&eti
When
Per
Hoiaert
Per
Short
'
•Monday, May 13, 19461
FINANCIAL. CHRONICLE
THE COMMERCIAL &
2624
4-27
4-2T
1
5-10
6-10
5-20
6-10
5-10.
6-
1
5-T
6-10
5-11,
6-
6-
1,
6-
1
6-
1
5-lS
6-
1
5-15
5-15
5-
t
.
VbM
'it
l|||f!>S7AMp:) 3t|l
;\u;br:oM
w;.TW».inf>"!fT-.. •■
<t?K* ■'•^".>s'i> *cy*fefi^'yr;
• -..-err-If
t
fT-jmrn'-Ktvo
-|
!■■
II
|
|.
,'.T
J
.V
•
Jfolume: 163
ft#
•"■
Number 4489
"
'-v^A
^
Pet 2:
'•;■
A; p :'.
ttame of Vompanp :■
'/A A;'--'
Huron Holding Corp.—-•*>». •
A," ' A,
>?>-VOn-mew; 10 c par .value
Huston (Tom) Peanut Co., (quar.),—u~»r—-x
Huttig Sash & Door Co.—
5% preferred (quar.
i 5%
preferred (quaix)-.-.^.*.--...;--.-..-^
When
Rolaeru
Payable
Share
ot Reo.
Per
McClatchy Newspapers, 7#
15C
preferred (quar.
Idaho
Power
Co.,
-
6-29
6-19
9-30
9-20
$1.25
'
40C
Illinois Zinc Co. .(quar.)—A-i.,;
Imperial Chemical Industries, Ltd. (final)
Ittipqrial Tobacco ,Co, of Canada, Ltd.—
Produots-:.~..4..--,;«~.i......!
Co.
6% partic,
International
66-
1
50 c
■■
Inter type
1
4-30
.5-15
V!
S
5-15
North
6-15
North
Northeastern
p
Northern Indiana
Northern
Natural
;9-
I
Northern
12-
1
Northwest
6-
5
6-
1
9-
1
-•9"- 5"/'
5
$1.75
5-15
4-30
$2.08%
6-17
U ;.:.$2.43%-' ; 6-17
•y,
v:
Extra
1
5-15
Nova
1
5-20
6-12
4-29
5-22
;' Extra
4
1
5-
1
5-15
5-15
6-
1
50c
6-15
6-
6-
6-15
6-15
6-1
6-10
5-15
5-
8-15
8-
5
pld.
5-10
•
<
.,
preferred
.
Water
■A'.6^V1
•
20c
v.
30c
9-
1
5-21
7-
1
6-U
1
6-11
7-
ik
6-11
:
50c
30c
12-
2
;
25C
Minneapolis-Moline
EOc
-
4-25
6-10
4Va c/o
preferred
Minneapolis &
6-15 r
7-.lv,
6-10
C-20
6-
Monsanto
-
.
7- 5
7-
6
16- 3
1
6-
5-15
44.50
40c
5-15
5-11
6-28
6-18
•"
■
4
::"5-15
partic.
$3
5-25
6- 1
5-27
$1
6-
1
5-27
6-
1;-
$1.06
^
*;
...—.
(quar.)....
(s-a)
(s-a)
7-
Morris
1
6-15
1
5-10
6-
1
5-10
$2.25
6-
1
5-10
6" 1
5-
Ox
.
Society
$1
(quar.)
1
3
H^qkerbocker
Drill
Morse
Twist
Motor
Finance
Motor Wheel
6-20
Mount
10-1
9-20
12-23
12- 2
&
Machine
11-26
5-15
4-25
5-31
5-17
30c
(quar.)
(quar.)
Mining &
6-10
5-17
$1.50
; ;
;
..
Oil
'
2
250
(quar.)
Corp.
Corp.
Diablo
8Cv
5-20
4-20
4c
5-20
4-20
iirreg.f—_
12V2C
6-25
6-15
---4r-
150
5-25
5-15
(quar.f——
Fund
(freamery
Knudsen
—...
Co.,
common
preferred^* (quar.)
(S. 8.) Company
(3. H.) & Company
,,.40C,
6-12.,
Pacolet
6-1
5-
6-
,7- t
$1.75
Kysor Heater ,Co.
Salle
(quar.)
Industries,
Wines
6 % pfd.
Champagne
Ss
the "Woods
:
(accum.).i..
6
$30c
Milling, com. (quar.)—.
1
*
Lamaque Gold Mines
(interim)
Machine Co., common
Landis
•; '- common
6%
Palestine
:
"
5^15'V
6-10
60C
~—
'"'7--'2
25c
5-13
25c
i
•■■■
^
:
6-
1
5-21
6-1
5-15
5-17
5-17
;
5-
*1.50;
6-28
$1.50
9-28
9-19
12-28
12-19
6- 1
5-9
$1.50
75c
"
6-1
S
6-
5-
Pfaudler
30d
•
8-
30O
11-
-
(accum.)— $14.62 Va
(resumed)
1
1
25c
5-24
>
5-15
6-15
6-
6-10
5-10*
6-1
5-10*
20c
.
6-10
5-1
6%
4-20
8- 1
;
7-22
5-18
-i
-r-f
*
6-
$1.75
6-15
5% preferred (s-a)__
National Pumps Corp.—
25c
1
prior" preferred
5%
National Securities
Preferred
Stock
"
series
6-15
1-31-47
1-21
3
Naumkeag
Nebraska
5-10
Steam
Power
Cotton (quar.)
Co., 6r/o, preferred
■'
Link-Belt Cp.
(quar.)—.4.
—.1^—..
MatchCo..-..—
6-
—
Neptune
$1.10
1
5-
3
1
12-10
11-22
50c
9-10
B
Class
r
'
(quarj.i———
"ExtrA
12-10
3-10-47
2-24-47
■
6-1
5-
7
6-1
5-
7
■;..;?j25c
...i-——-I—'
6-1
5-
7
;;S 6- 1 ^
112 Vac
5-
7
Lunkenhelmer
Company
—
Magnavox
,
New
—
Company
common
common
Garden
Square
(quar.).——_
'
(stock
$1.27%
(P.
R.)
Manhattan Shirt
& Co
Co.-(quar.)
„
4
Government
;
Bonds
Stock
Insurance
6-1
-
i
5-15
(quar.)....
'
May McEwen Kaiser Co. (increased quar.)—
6-10
5-20
6-
5-10
$1.75
5-25
5-
".09
5-25
Railroad
/
5-
;■'< 7-
.07
5- 4 '
5-
4
5-25
5-
5-15
6- 1
5-15
'
Power—
66-
Service
Co.
of
1
'7-15
J
6-20
7-15
'•;
6-20
5-15
0
5-1
5-15
4-25
50c
(monthly)...'—.——,
preferred (monthly)
preferred (monthly)
1
50c
—
6-
5-13
412/3C
6-
5-15
58V3C
6-
5-13
"45c
6-
5-15
$1.25
—
6-
5-15
Indiana-
(increased quar.') —'
preferred (quar.)
—
-
6-28
5-31
6-28
5-3 i
6-15 "
5-15
5-15''
4-15
6-15
5-25
5-
4
5-25
5-
4
Equipment
Industry
.08
5-25
5-
4
.04
Series
—...—,—
6-25
5-
4
.10
1
Class
Class
1
A
B
5-15
Niagara Lower Arch .Bridge
5-15
Noma
4-29
Noranda
1
5-15
Norfolk
6-
1
5-15
6-
1
•
5-17
Common
Normetal
5-15
50c
Corp
(quar.)
■
8-14
50c
11-15
5-15
5-
4
5-4
5-
1
8-
Ltd. (quar.)..
Railway Co.—
(quar.)
5-
6
$50c
; 6-10
5-15
Mining
Corp.,
Ltd.
—
(initial)
common
Extra
4-30
m
6-15
5-15
5-
74
1
6-10
5-3t
5-31
4-19
(initial)30c
5-15
5-
7-
6-15
;■
■-• 30c
37V2c
—....
(quar.)
iV
:
$1.12V2
preferred
A
(quar.)__—
•:
6%
preferred
B
(auar.)___—
/./
4
Va %
preferred
(auar.)
Rice-Stix Dry Goods Co.—
7% 1st preferred (quar.)
7%
pfd. A (quar.)
(quar.)
—
»
6-
7-
6-
15c
15c
6-10
5-15
7%
$10C
6-24
6-14
7%
2nd
(quar.).————
1
8-
?]
.
7-1
8-1
-5-15
-
7-1
5-
250-^6-15
w ^
> 7- 1
$1.75
$1.75
^ $1.75
5-2
5-lc
6--1
•;
;
'•''r
6-15
l
9-15
.7- 1
10-1
6-15
10-
$1.75
—
1
/
'*«*..*•,
,
1st preferred (quar.)
2nd preferred (quar.)—
preferred
7- 1
$1.12Va-
.„
$2.50
6-20
1
•?
;
6834C-;:
Republic Petroleum Co., 5%%
Manufacturing Co.
7-
iv.v.//:-:-.v-:';/to;';
Inc.—
6%
Rheem
1
5-23
.v;
..-.35c
;
1
6-
.
6-15
"
80c
.
-(quar.)—:
6
6-
6-13
4$1.90 »i
Co., 3%% conv. pfd. (initial)
■Remington Rand, Inc.. common (increased).
Fund,
6-15
50c
Reliance Mfg.
1
6-15
—;.!^I2%0^;
4% non-cum. 1st pfd.
Reliance Grain Co., Ltd.—
v" 6 % %
preferred
(accum.).
Investors
8
5-1
5-25
,
...
V
.
6-15
;
y Republic
4-23
$1.50
(quar.)
preferred
5-15
5-15,
25c
Reading Co.,
$4.50
5-15
6-15
$1.25
/
Electrotype
,
f25c
Common
Rapid
5-31
5-15
Western
...
Radio-KeithrOrpheum,
:
;
6-
25c
.
Co., 6Vr preferred (quar,)_.
Quaker State Oil Refining (quar.)——
Quebec Power Co. (quar.)
1
11- 1
25c
v.—
—...
Mines,
&
50C
5-25
12 VaC
1
6-
.04
(quar.)—
;
6-10
5-4
"
(quar.)
(quar.)
Electric
5-25
50c
—i
.
5-25
;
Speculative Shares
Nineteen Hundred Corp., class A
Class A (quar.)..
preferred
50c
Quaker Oats
4
.05
....
5-25
5-25/
.07 '
•
Series..—
Series
6-
.
Electric
Co., common (quar.)—;
5% conv. preferred (quar.)
4
.05
—
Tobacco Industry Series—.—.—
Diversified Investment Fund-.
5-15
50c
5-37
'l ;25c
preferred (quar.)
$1.25
7% preferred (quar.)
' $1.75
Public Service Corp. of New Jersey—
5% preferred ;(quar,)______—$1.25
4
.08
Steel Industry Series
93 %c
V
1
6-1
-
$5
5- 4
5-25
,09 ;
—
—j...———-——
Oil Industry Series...
Public Utility Industry
Railroad
50c
preferred
6-14
5-8
6-1
$1
6-
37%c
Common
4
'
5
25c
$1.12%
5-
:;5.. .06
Series.—
-
Series
■
v
Series——
Machinery Industry Series
Merchandising Series
Metals
5-15
6-
5-15
;
5-17
5- 4
6-28
25c
1,.
5-4
i5- 4.
1
9-14
6-
5-25
20c
Maryland Drydock, 1% preferred
;
Masonite Corp., common (quar.)
4»7a% preferred (quar.)—'..
Massachusetts Bonding & Insurance (quar.)
May Department Stores, com. (increased)—
$3.75
5-28
13%C
10-1
5-25'
Series^—
Diversified
—
prior pfd.
5-1
5-15
1
.10
6-15
;
6-1
.
75c
•
! ./• $1.25
(accum.)' $1.37 Va
(quar.
B
preferred
5%
1
5-20
.07
5-10
$3.00
7%
7-
'.'A 4-18
6-
Pure'Oil
A 5-15
20c
,
5%
5-10
1.
5-25
.10
;
'
—
lOc
$1 50
5- 4
5-28
7-
5-13
5-25
5-15
50c
Magor Car Corp.—
Mahoning Investment Corp. (irreg.)
Majestic Radio & Television—
5% convertible preferred (initial s-a)—.
Mallory
6-15
250 "
6-
.07'
Industry Series...
Electrical Equipment Industry Series..—.
Food Industry Series-—.———
5-1
'*•7-l'>
20%
5-13
6-1,
.
6%
1
5-io
6-
300
.03
25c
dividend)
preferred
(quar.)
Public Service Co. of Colorado—
5-10
10-
1
6-1
50c
—_
Chemical
25c
..u..————
1
5- 4
5-17
1
5-11
10-12
5-25
.
(quar.)—
6-
.
50c
.09
4
1
6-
1
preferred (quar.)__-___—$2
Puget Sound Power Ss Light Co.—
25c
5-
Extra
.
8%
5-15
...
) ■'
±
5-
1
6•
6-1
4
4-17
Madison
-20c
(quar.)
5-
5-15
$3
com.
5-25
5-25
25c
Water
.02
Stock
5-31
"5-31
6-30
6-30
;
Building Supply (Industry Series
Business Equipment Industry Series..—
5-15
;-4-
30c
6-15
25c
Macmillan Company,
| 7- 1
V>
(quar.)—.1——$1.75
20c
(Phila.)
$1.50
5-24
■r
1
7%
$1.75
Co.
7-
4
(s-a)_
Insurance
-6-10
$1.25
i
5-2
6-1
40o
Public Service Electric & Gas Co.—*
5.19%
Bank
5-2C
.5-24'
5-24
$1.50
5-
Lynch Corporation, new common (initial)
Lynchburg & Abingdon Telegraph Co. (s-a)
Lyoh Metal Products (quar.)
Lumberman's
"300%
,
5-13
6-13
6-2C
6-10
5-25
1
6-
6^'J"
^
1
.08
1
880
6-
(monthly)—
(monthly)——^.———
6-
$1.50
: •»»,
t
7-15
6% preferred
6%; preferred
6-21
4-15
.
"
6-
4
5-16
'7-:l"'
.
'
■
4
6-
1
4-25
5-15
5-4
12c
Long-Bell Lumber Corp. (Md.),, Class A
Long-Bell Lumber Co. (Mo.) (accum.)
Lord & Taylor, 6% 1st preferred (quar.)..'
Louisville & Nashville RR. Co.; (quar.).—«
5-13
5-15
•'
25c
Procter & Gamble Co.
5-10
5-20
;5-3 3
6-20
5-15
•
J75C
.
1
5-
10c
:
•:
5-20
TOO
;:;"v35e>;
%
Public
75c
6-
6-29
^
*■
5-
5-17
(quar.)—
$2
5-15
75C
6-15
$2
$3
5-25
6-10
Co.
1
m.75
5-25
20c
Gas
5-15
6-
5-26
5-l(
'P 5-31
5-25
Lone
Star
5-20
6- 1
*
6-15
1$1.00
.04
20c
6-
6-10
1^
.12
(quar,)
Lock Joint Pipe Co., 8% pfd. (quar.)——
.
Co...
preferred (quar.)..—.—
New York Stocks, Inc.—
Agricultural Industry. Series
Alcohol & Dist. Industry Series...*.-....'
Automobile Industry Series—.—.—i-—
r
Aviation Industry; Series...
—4.
■
$25c
Brake
Air
6-1
1
New York State Electric & Gas---'■
1
fl2%C
York
6-15
-5-20.
6-
':
5-31
v
„
York
Shipbuilding Corp.—
Founders
shares
(voting)
(reduced)
Participating stock (non-voting) (reduced)
11-22
50c
Groceterias, * Inc.
Loblaw
•
New
8-23
50c
;
Jersey Zinc Co,——....—_»
Newport News Shipbuilding & Dry Dock Co..
New
15c
50c
New
5-24
5-
$1
Nestle-Le Mur, $2 partic. Class A (accum.).
8-23
6-10
5-15
■'
■
;
;
preferred (quar.)—
——$1.37 Va
preferred (quar.)
;
$1.50
Power Corp. of Canada—
6% 1st preferred (quar.)—
|$1.E0
6% non-cum. partic. preferred (quar.)
*75c
Princess Shops, 6% preferred (quar.)______
15c
5-31
60c
(quar.)
5-24
$1 3-10-47 2-24-47
6-
6-1
25C
6%
5-15
50c
preferred
.
".'r
r
$2.40
6-10
50c
————^.^-^4---—:
Meter Co..
1
6-15
5-15
\«L
120c
Company, $1.50 CI. A pref. (quar.)_
Class
5 Va
5-15
25C
$1.75
;—
0-10
;
$1.10
....
'■
preferred (quar.)
Bros., Inc. (quar.)
Neisner
5-15
—
Extra
7%
4
6-5
*
<*
5-
6-21
6-1
$1.10
-•
•
1
50c
87 VaC
preferred (quar.)
Little Miami RR. Co., original capital—
Original capital
Original capital ,t.——
■;r r Original capital
Special guaranteed (quar.)
*Special guaranteed (quar.
; *s Special guaranteed
(quar.)
-r
Special guaranteed (quar.)—
—•
Loblaw Groceterias Co., Ltd.-•
"
-Class
A
(quar.)—
....———L.
convertible
Potomac
5-6
5-10
5-2a
:
6 — ' 8;4-25;
5-24
5-16
6-
«
•
7-15
6-
40c
5-31
5
5-31
6-15,
-
"
4-20
;■
\ 6-14
.v
;
(quar.)"..
pfd.
; 4r30
,
5-15
$1.06 Vt
1——
7%
4-3a
5-15
60c
e-
4-30
:
,
Poor &
$1.50
(quar.)
;
5-
5-15
U;
Pittsburgh Steel, 5%%
5-
'
....
•
'
4-30
5-15
(resumed)
5-1 y
''6-'16
f
6-15
$2.50
;
2.' 5-20.
5-15
>>
V:
400
■:■;y
5-"3
:;v4-29
.
5-17
$1.50
4-30
5-15
v
(quar.)
common
preferred
4-30
■
50c
Suburban
5-15
53 Vac
;
Fibre
•5-15
'
:
6-1
75c
(quar.)..
5-15
20c
4Vtf'o preferred (quar.)_
p 5-15
' .5-11
50c
—
(quar.)
5-15
1
■
1
5-22*
*
"5-25
■
Coke___i_l___
7C
20c
—
1
" 5 -15»
;
37 VaC
...
Pitney-Bowes, Inc. (quar.)_.
Pittsburgh Bessemer St Lake Erie—
6% preferred (s-a)—
Common (quar.)__
Pittsburgh Coke & Chemical—
'
Co., common.
National Vulcanized
3
B
&
IOC
'"VV
(irreg.)
7-
5-24' '•
31V4C
,
5-
5-22
; 7-1
343bC
Extra
$5
4
scries
Corp.
2o
(irreg.).
Group
National Tea
Corp.—
(irreg.)
:
:
0! 6-2°
Jphhson & Co.; Ltd', Amer. Shrs.—
1
Final..*————!.:
——12%'%-
& Research
Stock
series
$1.50
(quar.)
•""4-15
1^
6-20 V
$1
■$4VpYeferred;^(quar!)'^^L^.—:9x
7-31
7-
(quar.)
Pinchin
5-27
8-15
$1.25
.,r
pfd.
Philadelphia Transportation—
Participating preferred
Phillips Petroleum Co. tquar..):
Pillsbury Mills, common (quar.)...
10-22
1
-
preference
Philadelphia
i/. 5-20
2o
..........
'"'
6-15 ' '"•'.4-1.5
'
1
350
—
$1
*-30
10-30
5-10
5-
5-15
20C
(increased)
$1
25c
(quar.)
5'/»
PhelpsrDodge
Corp.
(quar.)
Philadelphia Company, $5 pref. ('quar )____
"$6-"qref, ;-(quar..)..——
Philadelphia Electric Co., common.
5-14
; 6-2C
•6-
15c
(increased)
....1.-^-^----^---^6%
preferred
(quar.)
Co.,
2
5-15
I"
H
t
5-
6-20
t.
^
National Paper & Type Co.—
1
5-
5-10
J6-11
5-31
20
1
10-26
-
6-1
/
20
7-26
5-15
9:
7-15
15c
.
(quar.)
(quar.)
5-
30 c
$1.06
Products
5-23
$1.12 Va
5-10
1
50C
;
4'
5- 1
;
'
Light
7-
$1.25 '
,
Peter Paul, Inc.
Stock dividend
$1.75
com.
Quarterly-'
4-22
•
$1
Ry.^»..
--Quarterly1
Selected
—
Liquid Carbonic, "SVa^
preferred
Gas
2
9
5-1
5-15 •<:
5-15 '■>
7-
$1.75
*
•
Perkins Machine & Gear,
6^20
National Gypsum, $4.50 preferred (quar.)__
National LeAd Co., 7% pfd. A (quar.)
_°"
National Linen Service (quar.)
9
4-30
6-
6-1
75c
(Del.),
Dairy
(Fort
'
Lion
5-9
'
25c
...
(quar.....
Economic
4.40%
Peoples
Vl»j
k
,
(quar.)
Electric Welding
5-27
5-15
■
Gas
preferred
National
"*5- 9
5-11
1
JlOc
Cylinder
-4y2%
National
7^13
:-">2c'
'
Liggett & Myers Tobacco, common (quar.)i.
Class B f (quar.)^_._—
Lindsay Light & Chemical Co.
-
1
500.
a—..**.
4
8-15
.
1,. >
250
:
LHILi
(quar.)
5-21
6-1
25c
pfd.
0- 1
6-
(initial).
Ameritfa—
of
5-15
37Vac
■
J.50
5-15
preferred
National
6-10
6- 4
6-
Life Savers Corp.—
Quarterly
Quarterly
—
Lincoln Printing Co.,
8-15
1
6-
(quar.)......
National,Casket Co., Inc., common
National
City Lines
(quar.)
5-15
>
5-31
50c
7%
5
5-15
5-15
25s"
•'
—
(quar.).*
1
6-
<$1.75
—
10- 5
7- 2
25c
P
Libbey-Owens-Ford Glass
Insurance
7-
5-29
Leltch Gold Mines, Ltd. (quar.).—
Levy Brothers Co.; Ltd. (Interim)—;.—^—
Liberty Aircraft Products Corp.
6-
National Automotive Fibres, Inc,.;ii..i..itos.:, sv/i
National Biscuit Company, common (quar.)
4.5
6- 1.
30c
Monotype ^Machine
(R. G.), Inc., common (quart)
0
$4 preferred (initial quar.)——
Lehigh "Coal! St Navigation*—*
Lehigh Portland Cement (increased)——
Common
11-15
$25c
Le Tourneau
Life
5-15
5-15
__
Libby McNeil & Libby (increased)
Chemical Co.
5-15
V'k'v
Nashville Chattanooga & St, Louis
National Acme Co,
(quar.)
4-23
8-15
25c
Bryant, Inc. (quar.).*—.
National
1
1
25c
_i
6-15
-
5-15
$1.75
preferred
preferred (quar.)—.—.....—
6%
8
5-15
6-
25c
Lanston
*
«;
6-34
25c
Parkersburg Rig & Reel common.^——
$4.25 preferred (initial quar.)..'
;
Pato -Consolidated Gold Dredging. Ltd._i.__
Paton Manufacturing Co., Ltd., com
(quar.)
7%
preferred (quar.).__
..._*i—...
Peabody Coal Co., 6% preferred (accum.}—
Peerless Casualty Co., B'b pfd.
(s-n)—...
Peninsular
Grinding Wheel'-——
Peninsular Telephone, $1.40 class A
pfd.__
Penman's, Ltd., common (quar.)—!
Pennsylvania Electric Co.—'
'
j'5-15
6- 3
$1.75
(quar.)
preferred
■6 ^
.5- 8
6-
25C
—
(John A.) & Sons (quar.)—
.'Lansing Company (quar.)
——J-—--—
*
5-15
6-1
$1.25
.$5c
Lang
Lincoln
6-15
20c
.
Products..—'
Manufacturing Co.,
'
»3oc
6.--—-4.*-—
.h Extra
preferred
Mutual
6-10
5-
6-3
■
30c
s-a);
Murphy (G. C.) Co., new common
-Muskegon Motor Specialties Co.—
'•
^42, •; class;A's(quaf
6-14
7-15
1
6-
Producers
$7 ^preferred /(quar.),.
^..4.......•
Llne,.JhCi,.$4 pfd. A (quar,)*.;.*-.
$4 preferred ;B (quar.
;
lo
<
k/vio-j-
Munson
8
4-29
6-15
6-15
,6-20'
.6-1
'-$$1.75
•
—
"'Common /
Lane
■
$7
■
————
:
$1.50
5c
7% preferred (quar.)—.
Lake Superior District Power, common
5% preferred (quar.).—..-..A—*-i-
;
,
'
1
8-
-LOO
.
1
4-,
—
(increased
Mullins Manufacturing—
f; $7 preferred (quar.)..
5-10
40c
$1.50
r.
25c
v
;:'!;:-;75c;;:
.5% ^preferred
Development
(^
Mountain
5-21
7
(increased)—_—
(quar.)
p 50c
La France
Co.,
''..r-'Extra
v
,
*
.:■■■ :?■
-Lake of
5-
'$$1.25
Pacific Lighting
Corp.
(quar.)
Pacific Mills, new common
(initial)
Pacific Western Oil Corp
'
-La
."I
-':;.ti5c;'/
(quar.).J——
4-26
6-15
'
Insurance
preferred
4
25c
Co.—
(monthly)
$5 preferred (accum.)
•
5-28
l-!
5%%'ipreferred (quar.)—I—
6%
8-27
12-
Clay
Fire
:
:
Quarterly/
Paper,
5-31:
2
.
•
6-29
r
7-
f$3
Co.
-f'
5-14
6-15
$$1.75
Co..
-1
.
1
7-12 J
r $1.50
Manufacturing
Pacific Gas & Electric Co.,
5-27
9-
Brush
Pacific
1
6-
$1
.
Fibre
Oxford
&
•/!
6-
;
■
(quar.
Marine
Pacific
5-10
5-15
S
preferred
Owens-Illinois Glass
$2.25
v
5%
Outboard
5-14
6-10
6-
15c
Elevator
5-24
8«
5-14
J25c
preferred
(quar.)—.
& Quebec
Railway (s-a»—
5-15
6-
$2
Insurance
Plan
5-10
1
5-31
*
7-
'•
.;.;>• :-;75c
(quar.)
4-30
;
6-
50c
.a.:
.
—
U
50c
,
..
6-15
12%c
-
.
(quar.)...
common
preferred
.5-1
5-20
5-24
25c
•
5c
>
1
••
6-10
f$1.75
Co., common..
preferred (quar.):
Ottawa Light Heat & Power, Ltd.
Common (quar.)
5-27
6-15
;"V.'1$1'
5-2G
's'tl
(• /■: 6-20
30c
f_
^
'5-2G
'
1
7-1
••
6%
'
$1
,
-—
vf-Quarterly
6- l l
5-15
Otis
6-10
$1
-''
:25c
Kress
6-1
....f$l.50
Ontario
Moody's' Investors Service—
6- 4:
15c
Bftwpeer Company (increased quar.)—i.
37V2C
Kearney it Trecker. Corp. (quar.)
—....
'Kentucky Util. Co., 7% junior pfd. (quar.) 7 87 V2C
,34c
<K«ystone Custodian Funds, "S-2" (irreg.) —
: $1.25
Kinney (G. R.) Co., $5 prior pfd. (quar.)—
-25C
Klehi "(EL Emil) Co, (quar.)
.
:
25c
preferred C (s-a)
$4
5-
6-15
5c '
Chemical Co.,
5-4
7%
Co...
Co.,
preferred A
preferred B
$4.50
V'
-
3
5-27
5-15
:pi-
(quar.)
Louis Railway
6-10
(R.)
5-15
5-15
1
/5-lC
'Y6*'1
Electric, 7% preferred
$2.02
Oklahoma Natural Gas Co., common
(quar.)
50c
4%%
preferred A (quar.)
!
$0.59375
Ontario Beauty
Supply, com. (initial quar.)
f 15c
Extra
;
H tl5c
Ontario Steel
Products, common (quar.)
125C
6-15
$1.62%
....
C
St.
Ltd.i...
Mohawk Carpet Mills (quar.)...
Molybdenum Corp. of America
-80c
—-———
Mitchell
15c
Kresge
Extra
V'6-
5-25 H
Oklahoma Gas &
Implement—
(accum.)
.,.7-1;-
50c
(quar.)—
Power
preferred
conv.
Minneapolis-Honeywell Regulator Co., com—
preferred B (quar.).
4% preferred D (quar.)—
;—...
9
1..
7-
$1.25
8 % preferred B———
11-
5-15 *
$1.37',2
-■35c
common
(quar.)
-45c
Midwqst Oil Co.;; common (increased s-a)..
2% preferred (s-a
i-'U'v/'-v
4c
8-10
3
■r-m
(quar.)
A
preferred
non-cum.
$6.50
30c
Co, (quar.)—
Kalamazoo Vegetable Parchment Co. (quar.)
Kansas City Fire & Marine Ins. (Mo.)—
:60c
■■■■■•■
preferred
(quar.)
Oil Co.
(s-a)
Ohio
,
9-H'
5-28"' '"5-17 -'
:
60c convertible preferred (quar.)Ogilvie Flour Mills, Ltd., common iquar.)
i) 5- 1
6-
.jCV 75C
.
....
,
J75C
(quar.)-.————;
^
i Ji$1.50
$1.75
(quar.)————,——
preferred
$2
«
,K, W. Battery
.
;
-—
Scotia
7%
1
'
,v
5-20
6-
60c
v
1
7-
(quar.)..
Co.
(increased)..*;.^..-.
Products, common
preferred
(quar.)—
8%
■
$118%
4-29
5-l5f
6-15
6-25
Gas.—35c
Bancorporation (increased).—
40c
Light & Power— ; ;,l:
preferred
(qur.r.)
Nu-Enarael Corp., common.;
6
10c
Steel
Midland
1
7-15
6-12
25c
Consol. Gas, 4%%
Petroleum
Middlesex
.
1
6-15
10c
—
......—
.......
Mid-Continent
6*
5-15
5-10
1
6-
.
5-
40c:
;
......——
Corporation
Messenger
Extra:
■V
10-
G5c
•
5-24'
"
'
",7-1
;
25c
.....
6%
-
25c
1
6-
preferred (quar.)...—
93%c
Norwich
Pharmacal
Co.
(quar.)...—v"1
isc" ;
•
6-
'
^
,
1*
6-10 '
$3.75
G-
:Meyer-Blanke
'
•
$1
r '
5-31
7-
25c
'
(quar.)..
(quar.)..
5-31
6-20
75c,
(quar.;....—..:-2v
/
'
Public Serv. 7%
pfd. (quar.)
'
$1.75
6% preferred (quar.'$1.50
Northland Greyhound Lines—
$1.62%
6-15
•6-^3
v„
Northwestern
;
12-1
pfd. (quar.) :
Packing,
pfd. (quar.).
Co. (quar.).....—
H.)
7-,;i;"'
preferred
Gas
5-31'
r
6-20 "
Oklahoma
5
12-
ot Rec
6-10
"
held...—
;
5
$1.62%
(H.
'
preferred-..—.'
Co.-■
$4
Transit
5
30c
—
Rayon, 6%
Water,
9-
30c
„
shares
Insurance
Quarterly
;; 30c
preferred
River
6-
preferred
5 %
American
12-
preferred
preferred
100
every
25c
.
•
'30c
i.*.' ;
(stock dividend)—
Pacific Gas & Electric tom-
25c
.............
(quar.
(quar.)..*......
(quar.).;
Co.
H older t
Payable
American Investment Corp.—
^
v
preferred (accum.)
' ' $1.50
5 Va % preferred
(accum.)—$1.37% '
4-30
1 ;,a
5-15
'
for
mon
•
of
Corp.
When
Per
Share
:
,
——_
Jones k Laughlin Steel,
•
v
Meyer
6-15
v»
25c-
'
v
preferred
Jewel Tea Co. (quar,
}-
1
share
Car
North
5-16
25c,
,
(quar.)
j...
(quar.)
Mercantile Stores, 7%
neferred (quar.)
Pl
Merck & Co., Inc., 4V2! /C pfd
,
4-30
6-
40c
»
i
(quar.)......
■;(quar.).—■.
One
v.-Y'
■
6%
6
6-10
$1:50
vCorporaUon^-~---^i~---^-ii-—.
-■
6%
7-
•
15c
s
6%
1
5-
6-
$1.25
v
-
.
Michigan
u..—
Iron Fireman Manufacturing Co.—
B S'Y- Common '•.(quar.)j~.—
( Common (quar,)—
(■ Common'
JacksonviUe Gas Corp.—A...—.;.--,
Jersey Central Power & Light—
5 % % preferred' (quar.—A...
i':-6%
7%
1
37 %c
preferred
7-15
25c
(accum.)
Investment Foundation, Ltd,-— ^ < 1 v
i>6% convertible pref, (quar.
Iowa Southern Utilities Co. (initial).
,
66%c
(s-a);
5%
6%
5-14 '
ll 7-15
$1.75"
(reduced)
Interstate Natural Gas Co. (reduced).;.—Li.
■
V,
$37%C
$1.50
—
preferred
pfd.
6-
American
8-15
■
: k: 6-1
$1.37%
...
5%■
!
5-
7
-Heme ot Comvane
■
.
American
North
8
6-
$1.50
v
1
6-
7-
.
20C'
Frank
preferred
preferred
11-29
k
94C
V
8-30
'11-30
•
North
Merritt-Chapman & Scott 6V2%
(quar.)
International. Silver Co.
International Textbook
"
1
6-
20C
Business
Machine
(quar.)
International Harvester, 7%
pfd. (quar.)—
Products
Corp.** ——c-——*
International Rys. of Central America—
5%
6-
$25c:
International
:
6-
1
40c
quar.).!
preferred
5 %
5-31
6-10
$1.50
.......
(increased
;
5%
6-29-•
$1.62%
(initial).—-
Institutional Securities,- Ltd.— '
**v
f Aviation
Group shares—
Stock and
Bond Group shares—t—
International Bronze Powders, Ltd.—
iCommon
■
5-15
1
8-31
} 55 Vac
Company (quar.)
Mercantile Acceptance Corp. of California
5-14
6-
(quar.).
Telephone Co.,
(quar.)
&
5-31
V
43 %C
Common
■'
t
2625
;
:
5-29
-433/4C
■-.
■V'V-''';:'V.• v/■,;
ot Re0.
'
(quar.)_____
Inland Steel Co., new common
;
6-29
$$1.25
•
Ingersoll-Rand
$5.50 preferred
Meadville
Meier
,,^i2%c;
Industrial Acceptance Corp., Ltd.—
,.;5fe convertible preferred (quar.)
Industrial Silica. 6%% preferred (accum.).
%
5-1*
4-26
9
7-
tlOc
Steel
4-25
5-20
-
5%
.interim
Indiana
12-20
»
5-20
25c
__
'■■
12-30;
(quar.)
Holdert
Payable
433/hC'
r.
V
$1.25
preferred
When
Share
pfd. (quar.)
7% preferred (quar.)...^......^ii....;
Mclntyre Porcupine Mines, Ltd. (quar.).
McLellan Stores Co., 5V* preferred
Mead Corporation, common......*.—
$6
preferred
(quar.)
5-6
; $1.25
(quar.)
7%
■
—
common
5-15
r,-'-
..
5%
5-1
5-22
25c
'
,
.1
"
!
tiamt ot Compant
,
•'
,
.
THE COMMERCIAL & FINANCIAL CHRONICLE
*
^
9-15
•
:J^fK)S:Si?
.
'1 :7s...P-v~
hi a
.»asj.v
i('t
*
s',?.
~
***^1*s
i' $ - * * ■» *
;a '$&•?;
i'
v-vm* */ •*
j*' •■*
*a1'
*•--/•
2626
■t'-':, i \ * ■*". \ iVk*u *"»'» 5 j
r«% * T -,
^
.<".*'1«'^ -*
;
•
:
«
-'
.-
■•••
-
•■6.-
'i/.y.
:■■•■
-
JReynolds (R, j. Tobacco—
j
Common; (interim quar.)
*
PootM^V"<W-*#*rff.-*'<vf";.;,-i;'• *; Vv t^^amcaf CqrapanjL v.;.'
^''' ' * '
Class
•*.
(interim
B
quar.)
35c
i_—i——'— -
jRcfChester Oas &: ElectrlCT-».t;;...-:^'''
5-15'
-
«:
I
1
6-
(tfuar.)___
(irreg.)____
(quar.);
Raxy Theatre; - $1.50; preferred tquar.)
.
Ruppert (Jacob), common-.----.-———-i.—.
$$1.75
5*
4'/2%
Shops
5-15
5%
preferred
.
(quar.)
United New
25c
75e
5-25
5-IO
United
6-30
6-15
$3.
5-16
5-
6
$2,75 preferred
5-
6
Jersey
U. S.
Air Conditioner,, $7
6
U.
Casualty Co.- (N.
6-
1
U.
5-15
5-
4
25c
6-10
1
5-
10c
7-
1
6-10
7- 1
41V4ct
$1.12 Vb! £ 7- 1
$1.25
>7 7- 1
preferred A (quar.)
——
Inc., $4.50 preferred (quar.)— i-—..
Sharon Steel, $5 convertible preferred
Shawinlgan Water & Power Co. (quar.)
Sherwin-Williams
Co.,
comrpon
(quar.)—_
.4% .preferred, (quar.)————.—--—Sherwin-Williams Co. of Canada—
Common
(quar.).
5%
6-10
S.
U.
1/
Electric
U.
Light
Series
Hoffman
U.
.
»,
22
^
Inc.3'
Loan
(increased)
f
class
4-18
5^15
4-30
$1.00
6-1
5-15
U.; S.
$15c
8-1
7-10
2
6-10
6-29
5-31
7-27
50c
Playing
6-
Card
50ft
Co.? (quar.)—
-_i;
■.—
Quarterly
6-
1
1
5-18
7-
2
S.
U.
fc-l»
6-
40C
Steel
Corp.,
7.%.-:
6-
..
:
Works
Lathe
5- 4^
1
5-
4
,0S)y&0e'"v
i-12
•7
Cominon
.
-
/
4% %
Service
Public
(quar,)
5-31
preferred
$20c
6-20
$1.48
a—i.—^
5-18
$1.12 Vi
6-15
6-
1
40c
.5-16
5-
6
25c
6-12
$1':
4o'c
8-1
■—
Extra
v
..
—
(quar.)
preferred
(
55-
5-15
$1
Standard
Cap & Seal Corp.—
convertible preferred - (quar.)
(quar.)
Standard Dredging Corp.—
;
40C
"
Forgings
Co.
$4.50
5-
Warren
6*16
f-15
Standard
Oil
Co.
of
6-10
5-10
6-12
5-15
6*12
25c
(quar.)_ii—
New
i
3%%
New
Silica
Ohio,
cominon
25C
—
93%C
93%c
5-15
(quar.)_
———
(stock dividend).
Two for
K':one -split-up; •—U—i.—
Sterchl
Stern-
West
6-
25c
Corp, (s-a)—-i—
Stix, Baer & Fuller Co.; (increased)—
6-
37'Ac
Strawbridge & Clothier-^
6% prior preferred (quar.)—
1
$1.50
•
1
5-
6-
5-
1
:
diesel
:
0-15
6-16
Propane
Swan-Finch Oil,
i 6%
preferred
13C
(initial)
Gas
4%
2ncr£preferred
(quar.)
:
5-15
IOC
(quar.)
6-
'
6-20
7-20
7-10
5-10
tions
•:
0-15
6-
37'Ac
;
6-15
7-3
1
5-18
1
5-18
.6-1,
$9
5-31
'22y2C
$1.25
$2.50,
.6- I
:
5-15
5-15
5-15
$1
6-1
5-15
$1.50
7-1
6-15'
12 Vic
.5*22
5-
1
25c
5-15
5-
1
6-
$i
)
Deposit
certificates
"1
Extra
k
—■
—
.
Bearer
Mfg.
$3.60
6-12
43%0
6-
1
Toburn
Gold
Oil
Mines.
Tank
&
Trane
Company,
5-10*
;
Serial
6-
4-30
20c
6-
93%c
7-
7
1
1
20c
6-
4'/a %
:
Whitaker
6-10 p
White
5-22
4-22;
5-i5.:i
5- 3
.
25C
7-
1
6-15,,
56'Ac
7*
I
8-15
25c
common
5-15
;
5 %
'
4
,
$6
1st
preferred
?.
La Salle
Quarterly
i
Tyer Rubber Co.,
Street
preferred
8%
preferred
Union
5-
~
S
17'Ac
$1.25
;
5-15
93%c
United
A
Electric
Coal
7-
4-30
?
1
6-
7
1
-
25c
*
25c
$1.10
v
66-
1
1
5-20
6-10
-
'
(irreg.)—. 7
5-15
7
t25c
5-30
>
Cos
7%
preferred
(quar.)
United Fuel Investments, Ltd.—
6% class A preferred (quar.)
,
The
...
4-29 V;
5-15
6-
I
fid-
.
7-
2
25C: ?:
4Vi %: prior
Wrigley
5-15
■'
31 'Ac
1.
,•
.
6-
;50c
'3%-
1
;
ft
<C- 7
37'A c
$1.12%
&
Mercantile
i
Tube
3
50c
5-14
Tipv 5- 3
; £
x
$1.75
5-14
■>•:■• 5- 3
J75C
7- 2
6-10
the
-$506,000.
Tbe
'
tPayable
resident
tax
in
not
S.
50c
6-
fkd-rt£,
■
-7
ft.94
■
£
A G-
f6-15)
'•
tax,
12-15
* V
tax
7%.
12-
,;
vn
be
use7
v
•
7
?
.
'
-
t ;....v.
:;,
77
also' proposes..to. expand its .tnanufacturing - caiii'afeity
joints and assemblies at ..its., "Allegan plant-by adding
buildings
and
equipment.; which are .estiina.ted,.,x.to
cost
y;
?
v
deductible
Less
5'V
income
_
7
>
.
-
'*
,.*7£v' £;£'
i..
„
.
sto'ck
preferred
(par.
.
Authorize^'''-;;''-. Outstan.diijg.
7—120,000 shs.
; y
.
•;'
stock/.i^. ) ' V
•
.tco,ooo sns,.
*
r$l')_l_.>~*»».»fc*.*.**.--t2,687,500 shs, -. $l-,448.424 sh$<
"by shareholders' action-oft; May 6, 1946.-,-tUpon issuance shares of convertible preferred stock, 222,223 shares or;
will be initially reseived for conversion of such shares ^
at the initial rate of one {hare of common steek for each $22.50 j>ar ....
value of convertible "preferred- stock.fExchisive of 3,750 shares held
in the treasury of the company. .
;
;;;V /.Vv.'A'
* Authorized
"'1 of
-
:;_*■* ;*-*r
eAPlTA'LIZAfiON. GIVING EFFECT' TOi present-'FINANCING /
7^;' 4%--convertible
Non¬
tax.
'£•
'• I•>r.i£
•..
'♦Preferred stock (par
>
^\
at- the/source.
British
•
portion-of th$ proceeds-not required for the foregoing purposes
to the company's working capital to-be used for general
*
>
d(viderwL:7:'.n
a
will
"company
corporate purposes/' V
5
£ 9* 6
9-15
*
funds,
$5,025,000)
plah&: to : "install,; both, hi the existing
the new plant, spherodizing-equipment, Which
of heat-treatingffurnaces* at a cost of about
5-18
i'.6*16
funds, less 15%* Canadiarv non-residents' tax. -7T•>."•'
resident
6,50 >
Singer,. Deane &. Seribner ; 3,500
Union Securities. Corp.u_w"/ 6,500"
G. H, WaHter .^. Co.;__j^:
2,000
\vatdng,' Lerchen 6# Co.— • o.ooO
■'.The/.'Wisconsin Co.____^_-:
2,000>,
will'be added
:
Canadian
15%;
tax*.
for this
2.00U
tiarnier_____
company.
in
approximateiy.$300,000£
Any
5r20£
1-;
.
75c
JSC
closed
:
Co.^^_____:_
universal
for.
Institution-
•
books
.
.
&
ds
•
and
■
'25c
Cquar.)——_
Less 30% Jamaica income
•Transfer
.
2,000
3-
Reihholdt
Shields
.
almost-- entirely
'ft*-
$2 PO
75c
/ctpayable in U.
.
$2,750,000.", It is'expected that the
Common
•v;.
Piper,. Jaffray Ss Hopwood
-
plants
v
1
4-30
77-.'4-15
7 5-24
6-16
3,o0 >
:.:;.Newhar<h':'Uo6fc:'08::;U<fc-^i:^- 1,500
£
additional
6-15
$1.12%
(s-a)w
Quarterly
■
Leonard & Lynchj
2,o(kr
of approximately 315,000 square feet of floor space.
Comestimates that it will spend'approximately $150,000 for repairs
rearrangements.
It Is" estimated '. that the additional-cost of
'addition,
In
4-20 ;
1
•—
^ ."
3,500
%
an
consh^s
6-15
.......
Zlon'8. Cooperative
" 6,500
6,500
Co.—
■
(quar.)
Youngstown. Sheet
&
Brothers.———
war
bumper
6-
V
No. of shs,
Peabody
will comnjencd opex&tiohs some .time late Id the |al). of ; this
yeax.7,.v .':.-s*.
:
5-
6-20
';
; -
Company
for
equipfjihg- the 3>)ant Will .be around
4-20
f
s.
.
.
Moore,
.
set.:,
,
plant located in Newton Falls/ Ohio,, for" the sumalso' expects to purchase certain equipment,
additional sum of $47,000.
The plant Is located
tract' ofvland
of approximately 16'/2
acres, and contains an
surplus
plant
,
Monthly
Quarterly
1
c
/A('E£/Masteir
proceeds--(estimated
net
stock
newt jilant
5-22 /
6
6-
a
and
•'.5*15
•
-
6-
^;'25<r
(quar.)—
Co.. 5% prior nfd.
(Wm.)- Jr. Co. (monthly
Quarterly
6-1
(quar.)__-^
—)
preferred
preferred
a
$638,000;
the
pany
r 5-15 >
:
5-31 "
6-15 "
:
1,500.
2,500.
.3,500
1,500
•
---
agreed to:
preferred
aggregate
.
r
prior
tion
on
£
);2083a^. 6*^ 2
-"
'
8
-
r
^'
the?manufacture of bumpers lor -passengei*-automooneffi
w
Company expects to par chase from" the Wax Assets Adriiinistra*
of
*
5-
t
5-15.
-
ties; for
7
6rt7
5-14';:
20c vT, :fi-:d.,
(Ijnitiai)—
Co;, common
plans
universal
intends td' •
r-prihcipaHy for the purpose of-expanding-dhe company's existing facili*
6-17
125c
.—I.-
'
Co., com—
7
5*16?;
10c
Wornmbo Mfg.
5-17
7 5-15
Scott-As
Hayden; Miller fis Co.
Hemphill,/ NoyeaCo.___
Kay, Richards & Co._____
5-15
25c-
(F. W.)
conv.
Steele. & COj-^-^:
Inc.
& MacGregor,
in
—
:
5-29
6-10
35c
preference
4M, %
5-20
t37c
5-
35c
—
& Co., Ltd.—
regis, (s-a)
Worthington Pump & Machinery Corp., com.
6%
>•"•* 5-17
25c
—_,
United Engineering & Foundry
50c
$1.25
4-30
'4-30
'4 6-10
-
.
(quar.)
7
-
40c
Governor-
Extra
6-10
5*15
(quar.)
preferred
Class
«
5-15
5-29
t
$L50:
.
wire "
-.
now
of
also
;; Carl M. Loeb,. Rhoades
Co.
1,500
1,500
2,000
1,500
.1,500
&
PURPOSE—The
:
company
Corp.
'..;s
Kidder,
GrubbsV
^
5-7
25c,
preferred (quar.)————
Co. (quar.)._—
convertible
Woolworth
.
5-21
92'Ac
.
United Corporations, Ltd., class B
7.6- 1
$1.12'A
_
common
5-21
40c
(quar.)_
6-1
.
Woolworth (F. W.)
8
35c
>
—„
5%
Woodward
9-20
5- 8
•
$$1.12%;
•_
and
...
The
Lehman
3,000
Davis
H.
Fauset,
'
9
5-15
5-29
$l-'":
Industries—^
coil ^springs
manufacture
2,000
2,ooo
6,500
2,500
Borland &
Glover
2v. t
6-15
25c
—
-7
Lacs
common
the
15,000,
Kraus__—
Elkins, Morris & Co.
Farwe'.l, Chapman Si. Co.-
,
5-15
25c
&
Co.____
Paul
11-1
$1.25 2*15-47
preferred.
—
Banksharea, Corp.———
Woodall
6-20
5*15
—
5%
11-
1
50c
of Mo.,
$3.70 pfd. (quar.)"
preferred (quar.)
——
$5 preferred (quar.)
Union Oil Co. (Calif.), $3.75 pfd. A (quar.)
United Air Lines,
Inc.—
—
United Aircraft, 5%
conv. pfd.
(quar.)
America,
7-
62'Ac
Electric
of
r-is
—$L50
$1.50
$4.50
United Biscuit
8-10
a
.
2-1
11-15
$1.25'
Winconsln
5-10
8-15
25c
—
Rubber
5-38
5-15
62 %c
(s-a)^.———
preferred A_
B
8-1 i
250
—^
common
Union Asbestos &
"
C'VV'i •! 25c
(quar.)
(quar.)—
Tyler Fixture. 7%
,v
Corp.
—
6%
v
$1.50
Trinity Universal Insurance (Dallas) (quar.)
Quarterly:
Quarterly •
208 South
y
(quar.)__—
plant.
for
of she..; -V
No.
& Co.___
Sachs
Dempsey-Tegeler & Co.^__
-
8-1
Corp.'—.'
(quar.)
Mfg.—
New
$25
par
(initial)
Will. Sr Baumei^.Candiq Co.—
WilsiU Ltd. ;• (quar.)^w—
capacity
,
5-1
(increased
Dental Mfg.
S.)
additional
its
B.lyth & Co., Inc.__-_
Clark, Dodge & Co—_—.
,
1
8-15
i._—i.;
(quar.)
Co.
Wilson- Brothers,
5*'1
•
■
Products
an
Burge
Bette,
11- 1
5-15
—
(S.
Wilkes-Barre
25C )
£
Paper
•'-Extra
5-25
7:75-11
1
Chlorine
of
increase
to
Goldman.
Sr lvv':
8-
y
company
construction
Ball,
5-1
$1.25 >'
—
Instrument
the,
-;I
;4-30
:
;
steel
Gary *
-.•4-
4-16
$1.25
(George), Ltd,—
preferred
(quar.)—
Westvaco
5-10
6-15
15C
—
Weston-
5-11
of
of
properties
purchase the number of shares of convertible
opposite the name of the underwriter:'
4-16::,;:
•
——
(quar.)
Weston Electrical
:■
1
5-15
'7 90c :
(quar.)_
(increased).
Company, common
preferred (quar.)
$2.25
1
tic
Pump Co.
Trailmoblle
'
5-28
50c
Ltd
5-
preferred A
of - the
UNDERWRITERS*-Thc underwriters, named below have
.
,5*15
5-15
$1.50
$5' preferred A < qhar.
—wpreferred 'A (quar.)————
$5 preferred A $ quar.
....--i-.
$5
the. manufacture
incmae
and ^assemblies afid Muehlhausen Spring
install additioaal manufacturing facilities,
5.-3L
——
Westinghouse .Air Brake
Westinghouse .Electric Corp., common
7%
participating preferred
bo
-acquisition
5-31
6*12
$5
'
4-26-
2
5-15
$1.41%
—
.
*: 7-v2': ,0;7'
10C
(quar.)—
Tide Water Associated Oil, common (quar.).
'
$3.75 preferred
(quar.)„
Tokheim
7-
1
40c
pfd.
Tilo Roofing Co. (increased quar.)
Tivoli Brewing Co.
(quar.)___—
7 5-10
:
$3c
.
Co.,
5-20
;
,
5-10
t3C
Tennessee Gas & Transmission Co., 5% pfd.
Texas Pacific Coal & Oil (increased s-a)
Thatcher
5-20
25C
-——;———_—
Mines, Ltd., com. (quar.)„
(quar.)
Tampa Electric Co. (quar.)—————
Tampax, Inc.
Common
6-
25cv
(quar.)—
Sylvanite Gold
1
5-15
40c
(quar.)
the
further
5-15
1
50c
preferred; (quar.)..
-
joints
$1.00
1
the
by
substantially" increased" Its prewar bumper*' ""
-making capacity by the conversion" oi* one", of the. plants which-was *
used prior to - the ; war for' thtf mafiUfdCtUre bf 16af springs. - -Thoy*
operations formerly conducted "at tliis plant were transferred in 1944 to a plant leased by the company.
"Facilities for the manufacture of %,
the other principal produces
of the company have also been con-/
siderably increased during the past few years.
The manufacturing ;
facilities of MUehlhau'sen Spring Coi'p. were' also expanded
including
5-15
6-.1
broadened
and /treads
Recently
5-15*
'
5-31
further
were
Spring Corp.," whose -established business in
forms has been continued and expanded,- /
5-15
1
6-
metal
Structural SteeL Co.,(- and, to include the-manufacture of universal _.
joints and assemblies-by the merger of BlOod Brothers. Machine Co. '
In 1940; the company acquired all of the oapital stock of Muehihausen ^
6- 7
-
—
Swift International Co., Ltd.—
pylvania Industrial Corp.
..
5-10
"
'
5-15
1
manufacturing
5-10
v
5-15
$1.75
preferred- (quar.).;
25c
6-12
West Virginia Coal & Coke Corp.—
West Virginia' Pulp
Paper Co.—
5-15
4'A% preferred (quar.)—_.i_
$112%
—u
5-15
Westerh Pacific RR^ Co.; common (quar.)—
,75c. '
Common
m 75c 7 8-15
(quar.)
11-15
75e
,Common
(quar.)
75c 2-15-47
Common': (quar.) •
-A
;4r30
J5-15
1
.
hao
parts Tor the automotive industry' for approxi- *
mately 30 years.
Its original business was the manufacture of leal .
springs.
Bumpers were added to its line in 1924-.
; In 1936, opera* s
.
Suburban
;
- -
Pemifttsytvisbttiai;April- 20,vl9i
6-10
6-
•;>
(quar.)
r' ■.^k-
^^
%. TheiCOmpany^incorporated hr
;
6-'r 7.^5-15
6-
common—
7%
9
before^ttoe^Okk^r^'
6-10
6-15.
owned, manuiactures- ^ vvide-variety of coil'springs and wire ;
used, in .autorajpbiles,
agricultural and' eleetrical equipmen.fc# T
engines and for many other purposes.
The present lines of*
cbmpahy and vit^ subsidiary are^ similar to /those, manufactured,£
the
5-16
;5-15:.,
75c
—
convertible preferred
Penn Electric Co.—-
8%
4
5-15*
6-10
Indies
West
,
,)
forms,
.5-15.
20c
$1.75
5-20
5-25
wholly
5-10
1
:
of
.
B
5-15
75c
preferred (quar.)—
Sugar Corp. (s-a)
Extra
5-15
50c
5-15
%9-
1
$1.13
Corp
West Michigan Steel Fdy.—
4-25
50C
—
—
Stewart-Warner
:
'
6-12
50c
(increased)
Inc.
Drug,
Brothers
.5-10
1
'v
100%
100%
——..
(extra)——
Stores
Brothers
Sterling
5-
6'"
•'^ '-is'K'gS 'Tr>$'"
-
AND
7-15
6-
50c
convertible
$4
6
5-15
50c
Co.
& Co.
4
7?;75- 6
.5-15
•
25c
Stoker
(A.)
6-28
5-
t25c
■■
5-31
7-15
35c-
Extra
Standard
Stein
6-14
5-15
.:
10c
(quar.)
(initial)——
Corp.
common
''
$1
;
:
preferred A (quar.)——
Standard
t
50c
(s-a)
Jersey
S tSl
(quar,->__-_**__
Participating units
5% preferred (quar.)-.
5% preferred (semi-annual)———^—
Wayne Knitting Mills, common (increased)
6%
(s^a)
preferred
Wentworth Manufacturing Co., com. (quar.)
$1 conv. preferred (quar.)___——
—
Wesson Oil'& Snowdrift*—
- ■' -j-,>?t'
:' '
'
vy." Extra:' '————
Standard Oil Co. of
the New York Stock- Exchange, r
on
HISTORY
manufacture
gratings
(quar.)
(quar.)_—
Petroleum
shares'
'.
v
Worts—
Washington Railway 3i Electric*
6
time-upon 30 days' notice, at $54.50 per share prior
with reductions in the redemption price as described * Z
6-10
(Northam), $3 preferred (quar.)
(S.> D.) Co., common (increased)—
preferred
(quar.)—
Warren
5-20
1
5-28
50c
Corp.
(Ind.)
6-
18%Cr-
(quar.)—-Standard Oil Co. of California (quar.)
Standard Oil
6-20
40c
(quar.)——
preferred
convertible
$1.60
Standard
Warren
5-20
50c
$1.60
-
(hereafter.^ Redeemable at-company's option',; J,n-.->waolevbr fk'
at any
1, .1948,
5-15
6*1
.
preferred
Pictures
and r
1946,
1.
he$eiiV':.togetbtr, wtth-:-accrued,.-diyid«dkv^v;-s-; \7*-»<*
LISTING—Company has agreed, to; use itsvbest" efforts to list th# ^"
1-,
9*1
12-
12-10
$1.75^
Gooderham &
Warner Brothers
payable-Aug;
1
-
30c
(quar.)
(Hiram).
and
BUSINES3**~Company is engaged- in-incipally in the k
bumpers, nat leal springs, anu universal, joints and j
assemblies,
primarily for sale to the airtomobile,; JlUc)? apd. fann .
equipment industries.
It also manufactures steel, gratings and treads. )•
Company's only , active, subsidiary, Muehlhausen Spring Corp., which .is-..
6-l(r;;6-
30c
....
preferred
■
1946,
May, 10,
6-1
$1,75.;.$1.75
Common
5-15
5-31
Standard-Coosa-Thatcher
5-17
-
$1.75
Walker
6
6-15
6-15
1
May
5-15
G-
part,
from
-
Waite:'AmulefiVtinfi!s;/iJtd.<-i^-_-___i4^
6
40c
in
5-15
preferred
7%
7-15
$1.12 Vi
common——
(quar.)——f—..
?
4-30
5-29
,
5-15
20c
—
—
Standard Brands, Inc.,
:
5-20
6-10:
1
1
Virginia^ Coar Si Iron (quar.)...—$£
Virginian Railway, 6% preferred (quae.) k/X
37V^c
Vlsking Corp:,' class A> (monthly)_________
lVAc?
Class B (monthly)
13'Ac
13'/4C
Class A (monthly)
-*_*
Class B
13'Ac
(monthly)_i_
*
Vogt
Manufacturing Corp..
15«Jv;
/ Vulcan
$1.50
Detinnlng Co., common-——...
5-23
10c
45c'
———;—
quarterly
-
(quar.).
(quar.)___^_*_6
Vick Chemical,Co., new com-, (initial quar.)
5-15
cumulative
to
6-
.preferred
;
May* 1,' 1949, and for each $25 of such par
vaIue/3rhereafter,>'Tvithconversiorti)ghtssnbjecfctO:adJustmcnt.'-:jpivi;v'
•
6-20
6-
50C
share
per
*•
- ;
-
'preferred stqqk prior to
;
:
9-20
10r 1
50c
7%
Extra
■
•
'''
preferred stock (par $50) at $52".50^
dividerid;||f:^ ''
dends
$1.25
7%
7-11
6-1
62%c:
Vanadium-Alloys Steel
r;apor Car Heating Co^, Inc.—*
7%
preferred
(quar.)..
5-15
7-15
45d
:■<
*
4-19
6-15
35C
Squibb (E. R.K& Son^ feomihon (^uar^)^i—.
$4 preferred < quar.)————,————
.$4.50
5-15
75c
12-29
:::3rl5'
.
7-10
>"'7-15
I
1-1*47-
?jjB2 Kcfrpsr**:
ll—*
Co.
Raalte
Van
:
Convertible, into Common stock of the company: at the rate of one.;
9-28?
-,-W^hare of common/ stock for each $22.$o of par value of convertible >"
k.-
prior preferred (quar.)
/Utility Equities Corp.—
$5.50rn'ior ureferred (accum.)
5-20
8-15
convertible
'
6-28
i
25c
;;
"■
Standardi^teisI^Sirrins; Co.^fPrefeJrred Stock OfIered^*;:
A: b^nk^^^ndi0ate headed by;Gdldm$n; ;SacKs & C<i*)
roix:,May J.Moffered n tQ .tbe public 100,000 .vshares of 4% >
5-15 :
1
10*
'
75c
- >
———*„.
7-
;
k:,V'/.75c"
——,—
sales
and,
(s-a)__>
5%
>
4-20
$$1.55
Sons (quar.)
Spiegel. Inc., $4.50 preferred (quar.)—;
Sport Products, Inc. (s-a)._
—1—;«
v
5-15
6-15,
(quar.)_,
Knitting Co.—
prior: preferred (quar.)
5%
5- 8
5-20
(quar.)*
yUiica
5-15
5-15
Spencer Kellogg &
•
5-25
<5-23f
:•
-
—
Stamford Water Co.
5-15
preferred-
Upson Company
/' V) ' ''
•
6 * -3
v.'7'
(quar.)
$3
4-30
■
.: 5- 7
,
75c"
preferred
preferred
;r
8,422,650; 491,070,608' 118,805,476
194fr—Month—1945 C". 1946—4 Mos.—1945 wk
,$9.15,7:638
$5,147,806 $29,223,496 $19,702,762 /
Period End: Apr. 30—'
Net
>9* 8*
-
•'i"p''$ ■"
,.5-15
>:>
Light—•
$3
5-15
Co.—
Hovweilgn Investors (quar.)_ii
;
$3
7-20
$19c
5*22
Laboratories, Inc.
Upper Michigan Power
6-1
37Vic
37Vic
Ltd. (quar.)—
—
Railway Co. (quar.)—
T—
Life Insurance (quar.)—_—
Southwestern
.
O
5-24
Southant Co.
Southern
5-15
5-
46&
Southwestern
Co.—*
;.,6)lttb,951,
5-3
Quarterly ^
Universal PieturesH- ';r'-:^
4y*%
6- 1
preferred -fquari)
$1.06V4:
4-23
62 Vie
(irreg.)_—
5-20
(initial
-Quarterly^^^^*.*-—
Si Paper—
Advance Bag
convertible preferred—-—:
Southern California Edison?—^ v
I
Common(quar.)
-—r-J—,r.<
6%
preferred B*
(quar.)
—
Southern Canada Power, common (quar.)—
;
$% partic.-preferred>(quar,)-----w-_——
$2
5-10
Universal
5-17
10c
Platinum——-;
Oil
',
$
"2484.^,w;.
p;
£l940»)'/i:.:; v' :1945'
1945
Spiegel, Inc.—April Sales Up 77.89«
5-20
6-10
Universal 'Insurance-;CO-.- '(quar.).i.—25ftv-',-'6*^'
5-31
.
6-153
i&ii $1:
^•$1.75.
common..-—
Consolidated
1943
$
v >
'
Gross-; earnings
5-15
1
6-10
5-31
"'"6-3.1-
.
1-
7-
$2
.
preferredv>:(quar.j!j^i,^—.
Universal
6-
62 lM
1st pfd. (quar.)—
8%
.5-15*.:
6-15
./
6- 1
11-30*:,.
12-20
.
Jan. l.to Apr. 30
Apr. 30
"
'
•V
—V.. 163,
'preferr^:::(quar.>.i^w^-W-«i^^i^;;
5%
9 Days End.
6-15'
6-15
>
»
v
-
'y"
Period
•■
..
U. S. Rubber Co.,
'
■
50C
»
:
—
Vvlb#
»'<
)
-
,1.6%',—V; 163.. p. 2484i .j-1- \
an increase' of
^
Sopth^rii^Ryi*—Gross Earning^—
'
6-15
-50C-: :'.7*:-i
-iv
-
•
;
^
Co.—Weekly Output^-
■
8-31*
50c
1
'
1
,
Bend
'T
5-31*'
•
9-20
404-.
.
Southern
6-20
^>vbQrre$ponding^efe;lttst year,
-^4-30
5-15:
.100
'V/
of this:, eoinpany^V$he< qveelr. .ended:"May>v4; v!I946^V
totaled, ;v2,061,000 / kwhv/ i as. Qpmpared.«rWith; 2,029,006. kwh..: tor itte >
/
>4^30
re*i
"« - a 7?/' 'v', '"f ^
Electric:Wtput-:
'
United Statea Printing Si Lithograph> Co.r—•
6-15
B
South
75-15.;
:;-340nm-i
(quair.) i——'
I
1
Southern Colorado Power
3-15
6-15
*30ev>:
—
6-28
6-15
7-
(quar,)-.——,
—-————
50c
Signode SteeL Strapping^om. (quar.)——
15c
f
5% preferred (quar;)-——-!:--—-—62Vio
Silverwood Western" Dairies, Ltd.— 1''
'. '
v;.'^
5% preferred (quar.)
—-—
$$1.25
Simpson's, Ltd., ;4ViV^ prexerred .tquarili^-- $$1.12Vi
Simon (H.) & Sons, common-.^—-—;
$30c
preferred (quar.) *—*
$$1.25
Simorfc' (Wm.) Brewery iquar.)—;
2&
Sivyer Steel:; Castings————
————
25C
Singer Mfg*. Co., Ltd. Ordinary registered—
4%-;
SkilsaWi Inc'. (quar.)—————
—
25c
Smith'(Howard) Paper Mills, Ltd.—
:
$29e
4%
preferred (initial)————
22 Vic
Solar Aircraft, 90c conv. pfd. (quar.)
30c
Soundview Pulp Co., common (quar.)_——
$1.50
!
6%
preferred (quar.)—
3—
5-17
Quarterly:
Extra';
(quar.)r
—.
t$1.75
Sick's Breweries, Ltd——
140c
Sigma Mines, Ltd. (s-a)
130c
Signal Oil & Gas, class A (quar.)--——50C
&
6T L-
■
preferred
Gold
June :L
.
6*
A—.
U, S. Potash Company
and
163'^ p. 82L
r'1
t
.4-*—-
U. S. Pipe?; 6c, Foundry
5-25
75c
231 Bp. La
*
75c,vi
/>
Calif.,, or the Contlnental lHinois "National^
Salle- St.y Chicago, 111.;;qx the Bankers-
Francisco,
Co.,
payment) of the'said redemption,>priaceAwith Interest to
4-30
28c ;
'
ceive
7-15
5*1 T
5-15
:'lf!
5588)./)'*
page
Trust'CO., (16 WallfStl, New. York,.. NC. Y. -/
Holders of the called bonds may, present them at any time
1946.4-V.
—
(s-a)
.
v:.v.
-/Bank & Trust
v'
Society • iPhila.)
$25c
8-1
.i
.
The company ; has.;caUed:.fdr^redemption:*,ori; ,)June Uv;-iiext; :a
and interest, $621,000 m£:£fwsfekimbrt
^./«4icle^criie? 4970; ' - trustee,/ eb4 :CaH-r *</
Ik
'
3c
»
(Continued^from
fornia;. St.,. San
VbC
ifci.'- ;MM'
»..,v
Payment will be made at the American Trust Co.,
'
&
'6- 1
$1,75-
(quar.)
Shares
(in-eg.)
B
non-cumulative
S.
(s-a)
Power
Machinery
Extra-.
..
prefei-red
Y.)
&
S, Leather. iCo.—>
4%
6-20
6-
■•:■
~m
Sonth^ritO»|ifor«i».€laSsOo^T-PaPtmI JtedfemptioQ-*?
6-iO *
1
^7^P^6
6-15
convertible prof erred—'
$ v* %
,
6-10
'
3.
(Del.),
5-10
6-
S.
.
7-
7-10
68%c
(accum.)
5*
$20c
Servel,
American
6-15
tt*.
-,;w>? «■*.
.•
(accum.)___„_.
6-15
Candy Shops, Ltd. (quar.)4
Securities Acceptance Corp. (Omaha), com..
Soutih
5-15
:
Public'Utilities Corp.-
preferred
30C
.
6-15
7-
._„,^^>1.25
(quari )r;!,^-;;$2.50>;
Canal
&
RR.
^ 25c
(Laura)
Class
5*15
1
6-10
$1.12J/a
(Del.) (quar.)
—
Seaboard Surety Co.
(quar.)—
Sears Roebuck & Co. (quar.)—___i.-__;
1%
5*15
6-
.
:United/MerchsmtSf^^M^s.^\:i:v,';'
1
'7-f,
$1.18 7/10
$1.05Va
,$4 preferred
Oil Co.
5-15
6-15
7-
(monthly)__
•
53c
7% prior preferred (monthly).
58 lAc> 7
7% prior preferred (monthly5&Va®
6-10
6*
25c
Seaboard
•'
prior preferred
l^Vic
Savage Arms. Corp. —:~i—
Scott Paper, $4.50 preferred
Secord
1'
6.36%
6-
37 ViC'
Remedial Loan Assn. (s-a)-_
San, Francisco
76-.
' H ;50o>\
>
.prior*ipreferfedvw(monthly)^i^ii^??:ms;#53c^
'
(quar.)___——
(quar.)-^^
—
preferred
Saco-Lowell
6-20
50c.
6.36-%.'
1
6-
6-15
preferred
Roos Brothers, Inc.
•■:
5-15
5-15
6%
prior preferred
■
$i
tl5c
:)
•SM.A>''i'A.5-hV
United'Light-& Railways Co. (Del.)—- ;r
8%.;prioir preferred (mpnthlylJ^i^.i^*
•
4-25:;
6%
\ '■■:
1-
4% preferred F (quar.;—.,—
Holland Paper Co., Ltd., common
35c
:■■:
:r"--^'-.V"'•.' ■•
V,'../-
General Corporation
^Ifliiwshnenrilews
United^ Gas- ImprovemeMt iirre^) A.>^il.
;
4-25
5-15
—
—
' Hoiaerti.:
When
*
_,y.
*
.
-
Monday,; May 13, 1946^'
?■■
Pery
Share:
;>* - '■
Name of Ccmvanvr-;•
•
;■!. X ■' ';:'%f-;'v*;.<'ti'i ;i4:-vC -ry-'-f.?.^~~J'*
^JETNAMmiiCTROillCLE
COMMERCIAL
? THE
,
Per■
.
,,'\1'E;$i• !v-''y<%j:'\ ::/'■/'■ '*my,viy.v,
.
(/• «<••.-• ••
~t.jjdto'a^r. v-ivMn sv*?
v1,1
p* £
th^
lOO 000
common
stock
.
7"'. I,*■ :. v•„•
-r-/*
'
'V
i'"HI
■
.
•
'• V
7
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4489
-
'CONSOLIDATED tactaUE
STATEMENT
OF
.
..
.
Gross
sales
Provision
for
on
war contrs.
$
tengotiation
the
/
at
■
refund-ip 8,615,000
Balance
82,644,335
Co.
and
Southern
Pacific
Will
Co.
Land
surrender
their
3,153,041
At
Co.
profit
7058,556 P
I
__
©tftetincome
440,215
-
Total
'
Federal
normal
"Federal
excess'
tax
profits tax (net)--
538,444.
506,773
259,000
255,000
will
•
sey,
-
83,000
•
69,000'
'
37,000
100,000
' 1,731,504
1—
profit
,
*
1,610,434
723,084
-.
.
724,212
\
■
*~V. 163, p. 2oi$.
York, Ohio, Pennsylvania
laws-)*, and- Rhode Island*
general
.
100,000
i
Net
Dividends
■■
T i. I
COMPANY—The
II, f,f-
1,711,192
.
109,481
Sabine
Preferred Stock Offered—
Mention was made in our issue of April 29 of the public
offering of 5,271 shares Of -4% convertible preferred.
stock (par $50) April 26 by an underwriting group
"headed by the First Boston Corp,
The stock was priced
at $53 per share.
The shares were the unsubscribed por¬
tion of an issue of 67,731 shares which the company of¬
fered to the common stockholders, pursuant to subscrip¬
tion warrant's ^ which expired April 24.
Further details
follow:
s
'
Convertible
at
&
time, Unless previously
any
New
York
Stock
-
•
RR.
Co.
Lumber
&
operating
in
The
title
present
railroad
Pacific
Co,
in
companies
i As
those
was
shares
Co.
the
the
except
railroad
with the properties
.■consolidated
ther details follow:
„
presently
by Southern
all the railroad
Kuhn,; Loeb & Cd^
A, a. Allyn & Co., Inc
^HfeCOn. Whipple & Co._
Baker, Watts & Co.„_„^
Ball, Burge & Kraus
-U
215,ooo
"
•. •
_
A.
HISTORY
G.
&
Blyth & Co.,
>
Alex.
Coffin
30,000
&
Co.
SherreEd_„____________
&
Daih
300,000
1,350.000
450,000
100,000
L.
Didk
R.
Day <te
>Drexel
<St
Inc
Domihick
&
.
Estabrook
Fahey,
.
The
•
k
30,000
Glover &
MacGregor, Inc.—,
Goldman, Sachs <fe Co
Canadian .branch officei
'
;
Hallgarten & Co._^__
Company is engaged primarily In the manufacture, distribution and
Harriman Ripley ^
gale Of home radio receiving sets; telephone switchboards, instruments,
La Haupt & Co.—.
i.——
supplies and apparatus; and sound equipment. It also owns and operHayden, Miller k Co.^„
*tes radio broadcasting stations WHAM ahd WHFM located in Roches¬
4 Heller. Bruce &t Co.^i-i—
ter, N. Y.
Company acts as a distributor of supplies manufactured f
Hemphill Noyes & Co._^---___„
by others for the telephone industry and, through its branch office in
Heni'y Herrman & Co.——
Chicago, distributes miscellaneous household appliances made by other
■: Hill,
Richards St CO.—
manufacturrs in the distribution area served by that office.
J. J. B. Hilliard & Son
'.■v
The manufacture and sale of home radio receiving sets
:
normally
Hornblower & Weeks_._-_
constitutes approximately 60% of the company's total volume of busi¬
W. E. Hut.ton & Co,_U-'
ness;
telephone switchboards, instruments and related supplies and
The Blinois VCo.——Aapparatus account for most of the balance,.
Company has been a
Johnson, Lane, Space & Co., Inc
pioneer in the manufacture of sound equipment. While sales of sound
equipment do. *iot presently account for a significant part of. total, j .vJphhston, Lemoh & Coi^.
Kalman & Co.
Inc..;.—-i-,.
sales,
the company is experiencing an increasing demand for such
Kidder. Peabody k Co.
equipment.
.*K:,,»,vv
■■■■, V
■
Kirkpatrick-Pettis Co.—
UNDERWRITIND—The names of the underwriters ahd the percen¬
Laird, Bissell k Meeds—
tages of unsubscribed stock to -be purchased by eafch are as follows:
W, C. Langley & Co.——
First Boston.. Cforpt—-----30%>rSage; Rutty
8%
Lazard Fretes k Co
ttArritnkn Ripley & Cdi| ih^':^0%-OTittle^&^Ropkins,.,
3^
Lee
Hlgginsoii Corp..—.
Btone k Webster Securities
Pacific Co. of California'--
30,000
...
•through a
*
—_
Lehman
Co. *
'•
>-V.
'
——
-
D.
-
-
-i'-
163.
-i.
-
p.
20%
Bbhblght *k
B.
-
Pacifie^Northwest Co.
9%
-iu '
'
.'
'.
,
see: Rftytheoa lifg, CP,;' abciVe,—v.
ie3,
t
,
Mellon
1773.
;
Texas & New Orleans kit.—Bonds Offered—A gyndibankers headed by Rtihrij Loeb & Co. dti May 7
offered a total of $60,000,000 1st and-refunding mortgage
bohds, consisting of $15,000 000 3V4% series B, due April
1, 1970 and $45,000,000 3%% series C, due April 1, 1990.
Both issues
were
offered at 100 and interest.
Both issues;
at 98^.
Dated,
Kuhn, Loeb & Co.
April
were
.
investments
for savings
banks organized under the laws Of
California^ Illinois, Maine, New
bhib and.RHbde island. '' : -v-".'.'
•of
•
Mayhard H.
Newhard, Cook & Co.——
The Ohio Co
i—2—
Pacific NbrthWefct
Paihe, Webber, Jackson Ac Curtis
i
;.
Phelps,
R.
.
'.
'V:
Fenn
Ac
Co.——
r,
—
elf
Sbott^ k
®ros;
&.
•
Boyee_——i.j.—i:.——;.:.,..;....«
Stone & Wbbster
the States
,f
otlroud -St
.
amount
Harrisburg
of
& San
$7,178,000,
Antotiio
Ry.
consisting
first
of
mortgage,
$4,728,000
Eastern
GalVeStoh,
Division,
Dean
6%
gold'bonds; $1,000,000 Galveston, Harrlsburg & San Antonio/Ry.- sec¬
mortgage, Eastern Division, 7% (how 6%) gold-bends; .-$1,000,000
'GalVeston, Harrlsburg & San Antonio Ry., Galveston-Victoria Divi¬
sion,- fihst mortgage 6% gold bonds, and $450,000 HouStcri k Texas
centr'ai rR,, Lampasas Extension, first mortgage 5% gold bonds, all
of these bonds being owned by Southern Pacific Co; and past due and
payable oil"'derharfd,. The company uses under lease from Southern
PacUic'.Co." and Southern Pacific RR: equipment having & depreciated
v&hie
of
$7,000,000. » The Sale of the first and
.refunding bond§, series B, series C and • ($20,000,000) series D will
•pfovlde funds fot the payment of the principal amount'of th&' series
A bbnds td tie-redeemed for the payment of the underlying.bonds re-::
Jerred >o; for the
approximately
purchase of equipment from Southern Pacific Co. and
■i
Cb,.^—^
Calls Series A Bonds^-
ond
ledger
i WsbhnSin..
Witter &
■f:
■>
90,000
90.000
:
90,000
867,000
'
90,000
180,000
'
450*000"
180,000
—
•
1330*000"
-
376,000
l6o,000 :
-540,000
i;350,OOO
" 300,000
; 37500O
<
of
a
Bhare
the
for
a
Mil W Hk 1* '*m
m
ENDED
5,000-1
DEC*
Mk
ik >*•
M, km
w
redemptioft pfice, plus -accrued
bonds.—V, 163, p. 2486V
Won the 130,000 shares of new
company "May 8. .Their bid named
3»/a% dividend, leas $1.44 a Share
'
■
i ,5?
:;*a;
0 ;,IT
:
a*'
:;i:
121'
V
v--
11
\
48,278
k, *. Wb
expenses
.v,..,....—1^.
$332,707'-
10,643 if:
——
84,444
^
b*'
K
{++ V C'
r
'
10,953
-
V j,' ^
a.
i
V
,
:
(cash)
on common
per share——
rate -of '5% per annum
at
*—,
:
+A-
\r>-
■'
-
—„4*,1
*
'
1
•$226,667"'? ''
r; 200,000:.)
stock 25c
26,667
,
:■
■;i:,,v
CorpiUf0 Merge
Concreta» Inc.
below*—Vi 157,
With Subsidiary-p*'l95l* .•••/, ^ - - t ^
stockholders have
increase
approved at a special meetihg an
authorized caoitalizatioh to 350.000 shares
company's
$1
of
^
in, 1
par
.
A'
.
t
Venezuela Syndicate, Inc.—Listing—
On JVlaV 6 the New .York Curb-
*
Exchange admitted,
to listed
dealings r;
998,221 shares of capital stock/ par; 20 cefits, of this eompady; The
authorized number of shares i$. 2,000,000,-rV. 159, p. 487,"
v;/1
v
)'
"v
v
-
?
^
^
J
w
#
1
Viek Cbethical tjo,
^
^tr
;
^
v
*Vj'I
v'
of/
'
'
'
Nfew Stock Placed
/:
/
$1.20
Ailftual Dividend Basis—Also Declares
Special Year-End f
—
on
a
■Dividend Of 30
Cents—
The directors 6ft May 2 declared
share
per
the
of
on
old
the
new
capital
$2.80
stock.
a
is
dividend of 30 Cents
quarterly
stock
pat
This
created
equivalent
by
to
the
60
2-for-l
cents
on
the old $5 par stock, which had maintained a
tegular
tat!) SiftCfe 1925 whfeh: It Was first' held by the
Public*
The
per
directors
declared
a
year-ehd
$2
annual ?
4
.
.
dividend of
special
30
Cents
the $2.50 pat stock, payable June 1 to holders of record ;?
15?: This payment, it was announced, is attributable to higher ;T
share
May
alSo
;
■'<'
.,' '•
•
split ■'
Share"?
per
on
current
earnings and a year-ehd restoration t6 profits of a portion- ?
of reserves set aside from previous
earnings.- Such reserves, hh longer
required, were originally established to provide for jpbssiblfe war losses'?
Ahd- postwar cohtihgehcies;
■
.'
;j
D0N&6LIDATRU RESULTS
-FOR
■»
>*'.,•
■
-
./•
»
ENDED'kARCH 3l'"
NINE MONTHS
1945
**
Net' Sales —1-^-—•>„—i.—
a_
$31,026,410 $29,648,662 '"
Net earnings- after charges and taxe8-*4,--ii-^w 3,261,873
2,524,510
Earnings per share oh 1,385,960 shares now -,
-
.
r
?
Period End. April 30—
Sales
—V.
?
1946-—Mohth—1945
$11,279,742
.
163,
p.
2055.
:
'
^
—
underwriting group which made
offering
$6,500,000 convertible 3V4%
debentures, due May 1,1976, at 103 and accrued interest.
May 10 of
>-V.
a
i •?'
,
1
WalwoHh Co.
Debentures Offered—Paine, Webber,
Jackson & Curtis and E. H. Rollins & Sons, Inc., headed
r an
;
1946—4 Mos.—1945
$8,861,369 $43,975*189 $36,387,324
new
a
?
,
public
issue of
163» p/2488;-
:
.1
j'C •}.'
,
'j
$2^4,429
ik ittkijfm;,A) a*
Mi' ■—
I
5,060
MONTHS
obtain
.
associates
by
Humphrey
Co.
Stifel, Nicolaus Ac Co.; Inc.'?
Walgreen Co.—Aplil Sales 27.3% Higher—
Xor^' Ni Yit of the fuH
$107
Robinson
5.0001
-
f 540,000?
Uftioh Electric Co, of
Mo.—Preferred Stotk Awarded-
price
The
•
5000 :
Co.^^-
stock;from,310,000 shares. The additional stock will be used ;
working capital and iot ■ the purchase ■ of .the assets of Concrete Gorp*> the parent company, which it vispknhed |
to liquidate.,
■
"
.
date of Surrender of said
^ ^d,'' awarded
^*» Aha
a
5.000
Securities
.--'/tiUtstanaing^iA^^^ti.^——— •
$2.35
$1.82-.
1*350,000
NOTE—The fdregoihg earnings are subject to any
adjustments Which
300 OC0 ' ..may arise in connection with
renegotiation of profits on Government
100*000 ••:*.' 300,0001
business during the current
year.—V. 163, p. 1774.-V;/,:
.
-rinterest to
Nashville
Ac Co.
Vacuum
180,000
The company has called for
redemption ort Jilly 1, nexfc,'at 105
ana Interest, all of Its
outstanding first and refunding mortgage bonds
series A, dub Jah. 1, -1987.
"
"
*
J.
Holders may tdceive immediate
payment at thfe office Of the com-;
i
Corp.
&
Kebbon, McCormiok
FIVE
.
See Vacuum
1,350,000
—
'
priricipai
5,000 h
Meeks
,
540,000
867,000V
Cbtp.—
«*.—
.60,000
Tucker, Anthony Ac .Co*;.—180,000
Union SecuritiesDorp.—
t
$50,000.
company has outstanding $64,238,000 first bnd reseries A, bearing interest at the rate of 4Va % per
.: 'G;
Hf Walkeh Ac "Co
4—i..
100,000
maturing Jan. 1, 1987, $63,235,000 thereof being owned
:
weeded & Co.*
i-125,000
by Sotitherri Pacific Co. ahd $1,020,000 by Southern Pacific Land Co.,
white,- Weld tte Co.—___—
450,000
thyse bonds being subject to call for redemption en* July i-;~1946.- atWhiting, Wefeks At StUbbS^____—__^—i^^_^;,_.:.w
105 piusL, interest,
100*000
It also has outstanding-underlying bonds in the
bonds,
*4 —jfc
V'..,
to
r
90,000
30,000
289,000
30*000
and
annum,
5000
First Cleveland
.
540,000
*125,000'
Swiss American
'■
HURPOSE—The
•fuhding
-^
:6O*OO0
.
(from
Interest
The
375,000
450*000
fj-Chas; -W. Sftantdn
W
William:R.-Staats
5000'!
y?
31, 1945...
subsidiary cbmpanies):^"
DividehdA
the
1,350,000
867,000
StririgfeHbW^^fi—f30,000
Hutfeiei'——
;
Ae Co*
common
1,350,000
289,000
Bros.
^
Vacuum Concrete, IttC.-fFinancing Proposed-—To Ac—■
quire Assets of Parent Concern— >
■
As/CO.—.i, ; 100,000-t■ 300,000
The Rdbinsoh'HumphrtiyfCtiiiwiiUi--—^
30,000
' 90,000
E. H.
Rollins-t&^SORSi Inc;a.-—289,000
867,000
Ac
Income
A. -Evans
v Xne,
Gordon
fi.ood
6,000
1
and
fcchbeiikopf ^
-
The
5,000
STATEMENT OF INCOME
VdCifttiR CftwGrete
1,350,000
867,000
——180,000
Salomon
the
Farweil, Chapman k Co.i
No. of shs.
163, p., 2343.
90,000
-30,000
30,000 :
PreSsprich As
Barrow, Leary Ac Co.—__
i. d." Bradford As Cp»4*.^
JiiWeiffCollink &
.180.000
!
preferred stocks
5,000
Clemeiit
■
H, Walker St Ce.-i—10,000
it0™ j?alJ W issuance
—V.
540,000
180.000
Co.—
due
.
'.:Co,
?
10,000
10,000
Dividends dfl preferred stock
90,000
.
-
-s ^375,000
——"
Putnam.
■
Hampshire, New Jersey, New York,
:'
W.
Murch &
debentures
several underWitetspurohased, afe is follows:
the
Dooiittle,
.Nat Income
450,000
1,350,000
289,000 ^- 867,000
60,000 if" 180,000
60,000 i " 180,000
v_
i'
ahd series C,
April i, 1990
Uncondition¬
ally guaranteed'by rfcndorsfement.as to principal and interest by Southern
Paciflc' Cd.r yThe. issue,
sale and "guaranty of these bonds ?:are
subject to aUthdrizatiort by the Interstate Commerce Comrhi'ssloh.
in
•the opinion of Cravathi SWainh &r Mdote, these bonds Will be legal
1
G.
90.000
60,000
—_
Becne—
Sons,—_
ftiter k Co-i._—x,^,.
90,000
1,350,000,
125,000
125,000
450,000
289,000
' 60,000
2
&
fuhd
90,000
289,000
Co
Corp—
to be
27f500
15,000
Barney St Co
Dividends
540,000
.
450,OOO-
$
and series C
the only bidders,
; \
L l'946;.;sefies B matures April 3 ,r 1970,
•Interest payable April l arid Dctober 1.
Marks k
of
-
—,.y40,O0O
,
180,000
450,000 "
Co
As Co.. ?
'
Amortization of debt discount and
expense
90.000
180,000
—
sink,
Interest nn -debentures
v' -f 540,000
30,000
30,000
450,000
30,000? ?
30,000 -
—
awarded May 6, the series B at 98 %
were
—
Minsch. Monell Ac Co.
Morgan Stanley & Cb._:
F. S. Moselfey & Cb,^—i_—
/
eate of
M.
Securities
&
Merrill Lynch, Pierce, Fenner
Merrill, Turben Ac Co.i—
v.'
.
,
-
names
27,500
90,000
a
30,000
30,000
Ripley
IRC.
90,000
30,000-
180,000''^
.
:,./4
$6,000,000
*$6,000,000
•
80,ooo'shsf'■ 80,000shs.;?
11,120,000 shs. > • 800,000 shs* J
of
Smith,
Total
180,000
180,000
60,000
—_
trustee
Total incoine
180,000
30,000
—-i— —
the
Harriman
300,000
60,000
;
Outstanding.)
;
,
1,350,000
289,000- ■¥;' 867,000
Bros.^.aAi—u_——
Loeb. Rhoades
M.
Laurence
'
Mef^6r—
p.
Carl
v.
•••••••
•
2342,,V.
Submftf'lA'g SiffiiaiCd^proposed
:;
3%
.3'%
—~-
EriCkSoh Berkihs k Do,—
-
v
60,000
—^
.
Corp.
1,350,000
1,350,000
90;000 1,350,000.;
867,000
450,000
-289,000
450,000
100,000
—
Oeofge
90,000
450,000
450,000
-^
Authorized
Dec. 31, 1945, the amount of
4%
I960 outstanding has bfeen reduced
to
Alex. Brown Ac
#^375,000
125,000
Corp._„__
Glore, Forgan 8o
,
* 375,000
540,000 ;/
Co.l-
&
Boston
'.
V,^
,
,
180,000;:$ Lee
Higginson Corp.*.
1,350,000
v>v| 90,000,;
375,000
-—128,000
Portsmouth,
.
$.
:
•
($so par)..-
Lazard Freres k Co
:
180,000
Co.,—
Clark
First
180,000
867,000
-
O.,
,
?./.
,
number of shares of the stock
•
450,000
30,000
-
Youngstown,
by the company on July 3v 1'945. '
indirectly all the outstanding capital' stockp
acquired
DNDERWRITERs^-The
90,000 v
60,000
125,000
Eastman. Dillon k
El worthy & -C0.___—__A_
Equitable Securities Dobp:
.v
'
*
wete
conversion, of
90,000
60,000
Dickson fe Co.,
Dominick
c
•
BUSINESS—Company Is
1945
pr^erred vatockv?
:
90,000
289,000
Merle-Smith
&
S.
Teim:)V
(of Nashville*
rate of four shares of common stock for each
share of
tOf Avhich 320,000 shares have been reserved for
..
R.
,
.
"
1,
1
are
Corp.-,'
.
;
375,000
30,000
offered
Securities
to $5,800000 through surji?;
$200000 in anticipation of the semi-annual ':
sinking fund requirement: due May l, 1946. >
v: Jt
"VVV : v ?;
j
(•Convertible On or prior to" Nov. 1, 1960, into common
stock at the
380,000
30,000
30,000
Co
Davenport <fe Cd;-Aw
Davies k Mejia
■''Since
90,000
"
.
60,000
.,
render
300,000
30,000
126,000
jl.—iii-si'Sfii.
-
Equitable
sinking fiind debentures due Nov,
Nov.
90,000
867,000 v
100,000
^
Bm-r, InCviAi-<fe Co.-_^___
J. M.
90,000
90,000
289,000
stock
common
local
.1, I960
4Gumuiative 6% pfd. stk,
Common stock ($1 pat)
180,000
■
•
7,
subsidiaries
,
4%
'
540,000
30,000
&
Cobley
.
.
&
' k
•'
-
by
CAPlTALlZATIbN
•iW4
-$1,620,000
30,000
.
-
owned
are
Company owns directly or
and funded debt of the subsidiaries.
Series C;
$540,000
180,000
60,000
..-a
Inc.^
& Sons___-i.ui__i'_:
Brown
Butcher
,
.
and
Norfolk, Va., Chattanooga, Tenn.,
Sprmgflbld, 111., Baton Rouge, La.
The
Series A
>
trUst C<>. of New York; Registrar, Con¬
^
a holding company organized-in Delaware.
Through eight subsidiaries company
transportation systems, in the
following cities .and ,
adjacent territory: Richmond, - Va., Nashville, 'fenn.,
Akron,''
July
certain
of the railroad company.
Bichler Ac Co
Becker «fc Co.. Inc.
-William Blair
anticipated increases in inventory fend receivables.1,249,971
.
outstanding
Fur¬
'
Allyn and Co., Inc. and FaUl M. Davis
operates
of Southern Pacific
continues to lease, were
Bateman.
i"5,oop
CAPITALIZATION GIVING) EFFECT TO FREfeENT FINANCING
^.'r
c
Authorized :
Outstanding
? 3%
notes
payable iinder VT loan.
' f
rt agreement expiring April 30, l946_.
,$1,260,000
$5,000,000 •
3,500,000
.8% notes payable und. bank loan agmt.
5,000,000
""•Cumulative pfd. stock ($50 par)
80,000 shs.
67,731 shs.
*4% cohvei-tibble preferred stocki-;—i_,
:
270,925 Shs.
wdoihitton stock ($10500,006Shs,
r
........
COMPANY & BUSINESS—Company was incorporated ih New York
June 17, 1914* Under the Tiamd'.nf Btvomberg-Carlson Telephone ManUfacturing Co., as successor ta-va New York Corporation of the same
name which had been incorporated. In. 1992 for the purpose of acquire
lug the assets of an Illinois corporation of the same name, incorporated
In 1695.
The ,Illinois-^otporation. had succeeded a partnership formed
?■ In
1894
by''Alfred Strombcrg;,; and Androv Carlson to manufacture
Equipment lot* the then* ipfant telephone ;itldustty.?;C6mpfcny adopted
v'i dts presefttt heme "dn 4943.>, *
*•'
'•
*
J.
a*
i
Companv has one wholiy-PWned.Mls^'t'tt^ Stromberg-Carlson Cd.,
Ltd.. which, was-incorporated in Canada in 1923 to take over the com1'pany's business in Canada
which had previously been conducted
agent Guaranty
^principal amounts
885,000
■.,
C.
on
properties
company
.
■1-'^the'tompany:</
;
Xbrihdfease Ooftipany's; WOrkingycUpital fUhd#^to fine^fcc
„
Transfer
a
selling stockholders.
.
tinental Bank As Trust Co. of New
York,
;
SECURITIES OFFERED—The Shares of
.
PITRCHASERS-ifThe several firths listed below have; agreed, sev¬
erally and not Jointly, to purchase from (fie company the respective
of the bonds set forth aft?r their respective names.
>,
390,000
VVhich aftpfbx* $165,000 had been spent by Dec, 31, '45)
ity Constr. of Rochester Radio City bldg. k presently COhtemplated furnishings and technical equipment, estim.
companies,
which
:
$15 a share.
Theset
presently outstanding -and the net proceeds !
are
Ohio,
such
of
provide
our
of the sale will
go to certain
acquired
1927,
to
used
Co. <— Stock Offered—Mention was!
issue of April 29 of the offering
by Harriman
Ripley & Co., Inc. and associates on April 25 of 200,- 000 shares ($1
par) common stock at
erties
,
1,
and
United Transit
made in
A.
March
funds
j;-
was
the properties of
companies, then operating in Texas and Louisiana and
solely controlled by Southern Pacific Co., except those of the El Paso
6 Southwestern RR. of Texas (operated by Southern Pacific Co.),
Wefe JeasSd to th& f$ilfofcd company and on June 30, 1934, the prop¬
of
,
on
,
terminal
and
Offered—An-i
Company's business through
development and acquisition of new lines of products; to increase v
capacity and improve manufacturing methods and
equipment, of the.
domestic and foregin
plants engaged in the production of chemicals, i
textiles, rubber goods and plastics.—V. 163, p. 2202.
•
and, in cohjunction with other
Stf.tes
Debentures
the
the company and Of
and Louisiana was ac¬
Texas
—
Prbceeds will be added to general
additional working capital; to
expand the
.
Control by stock ownership of
companies
Co.
pany.
' c
,
.
Terminal
.
.
Bay
whose
.
.V
3%-%"
-,
under
between
other
Redemption at $102 per share of outstanding 3,124 ■* .
X-iM share of 6%% pfd. stock (excluding accrued divds.)
$318,643
thj Construction df a neW caftinet shop bdlg., est. cost (of
-
(d) Construction of hew AM and FM brOadcastihg transestimated'
i^fey TO toe loaned under mtge. to Fancher Furniture Co., fbr
Vconstruction of a factory building to be used primarily
in the manufacture of radio receiving set cabinets for
'
capital
*
.
organized
Pacific System lines West Of El Paso, /constituted the route
NeW Orleans and San Francisco/ knOWn how and for? rrtarty
years a$ thfe "Sunset Route/'
In addition, the : properties of these;
companies comprised the line between Houston, Texas, and Denison,
Texas, and various bfalich lines elsewhere in Texas and Louisiana.
Subsequent to 1884, the lines of the several Texas and Louisiana
companies Were extended by construction or purchase and control of
redeemed, into common
■?;'-?>;? toitters,
.
banks
Southern
(a)
;
"
i
of
route between New Orleans and El Paso,
trar, Security Trust Co. of Rochester, Rochester, N. Y.
PURPOSE—The net proceeds will be applied as follows:
;
(savings
between
»
;
the
on
First .?
The
new
firms headed by KuhhV
May 10 offered to the public $40,000,000;
2%% debentures due May 1, 1976. " The debentures were ;
priced at 100^% and accrued interest from May 1. > v w
The offering constitutes
entirely new money borrowing by the com- j
1877"and 1884 by Interests which in 1884 organized
•Southern Pacific Co. The lines of these railroads formed a continuous
I
stock of the company at a basic rate of two shares of common stock
vior efech share of 4% convertible preferred stock.
•
Transfer agent, Lincoln Rochester Trust Co., Rochester, N. Y. Regis¬
'
quired
all
company,
Galveston
railroad
other
«—
^^4;^;:>
States Rubber
Loeb & Co.
stock, except di¬
rectors', qualifying shares, is owned by Southern Bacific Co., was or-*
ganized July 16, 1875, under the charter rights of a company organ¬
ized Sept. j,
1856, by special act of the Legislature of Texas as "the
adopted In 1859.
Stromberg-Carlson £o.
C
Series
for>
undBiWTitibf • vs^didate
the opinion of Cfavalh, Swaine & Moore, the bonds
legal investments for savings banks organized under the laws
of the States of California, Illinois, Maine, Now Hampshire, New Jer¬
4,449,000
4,275,000
'*"■
•
:
of
New
.66,000
£„
Adjustments
•
bonds
shares
new
They were;.White, Weld.
3Va% dividend, less $1.40;
3V2%
dividend, less $1.45; f','.;.
^
United
be
4,5G2,500
*
the
and
the
sale.
preferred stock to holders of Union Electric Co. of Missouri's outstand¬
ing $5 preferred stock.—V. 163, p. 2486. ,,
Exchange. ' In
259,000
and surtax
B
series
779,768
inc.
State Income taxes--—••
Pray, for contingencies and postwar
:
•
of
bonds
7,042,466
6,841,678
%498,770"
Income deductions
of
\
Shields Ac Co., $ 106% for a
Ac Co.
Inc., 106Va for a
Bros., 106 for a 3.55% dividend, less $1.41; and
Boston Corp., $107.46 for a 3.60%
dividend, less $1.45.
Blyth & Co., Inc., and associates will first offer the
.
»
exchange
at the
Read
year
'
with
Stock.
received
were
Lehman
Ry., funds sufficient to redeem on Aug. 1, 1946, the latter's 355% guaranteed gold bonds, due Aug. 1, 1960( outstanding in the
principal amount of $34,000,000, at 105 and interest.
LISTING-^The conipany : will make application lor the;listing of the :
6,712,662
329,804
6,524,928
316,949
connection
preferred
bids
and
bonds:.;^ Dillon,
May 27,
cific
Gross
in
outstanding
Four other
1946,
!'
,'
*
v
5
Upon the redemption of the first and refunding bonds, Series A, '
owned by Southern Pacific Co., Southern Pacific Co. proposes to call
for redemption on Sept. 1. 1946, all Its 40-year 4Va%
gold bonds,
due March 1, 1968, outstanding In the principal amount of $28,900,000, -tp
at
105 and interest, and to advance to its subsidiary,
Central Paj t|
78,784,096
3,087,636
tlie
and
about
or
on
88,649,801
73,031,769
114,330,433
Cost of products SOld-.^^—103,548,198
Selling, gen. and admin., expenses..
3,723,679
compensation
expenditures
first
Pacific
97*394,078 110,420,190
8,600,000
14,427,i23
6,149,743 '' 7,343,266
3,932,000
.
RR. at its depreciated ledger value, and for ; other
during 1946.
The Company Will offer t6 prepay
refunding bonds, series A, prior to the redemption date
105, plus interest to date of presentation for payment, and Southerns
Capital
1943
1944
return^, etc.)w.4. 126,877,433
(less
Refunds to customers
LOSS
AND
PROFIT
1945
Pacific
Southern
CALENDAR YEARS'
STATEMENT FOR
CONSOLIDATED
2627
i'At.v.
r. r
v
*■ r
j
i
'
.If"-».y
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
tion .under the contract ,tp pur¬
securities can be de¬ chase the bonds, and in such case
Maricopa, County,' Tolleson Union livered to the Secretary, i Forms the deposit accompanying his bid
ffighSch. "Dist. (P. O.
to be iised in submitting tenders will be returned, The legal opin¬
Phoenix), Ariz,
Neff,
may be obtained, by request, at ion of Orrick, Dahlquist,
Brown & Herrington, of San Fran¬
§4 Bond Sale—The $150,000 school the office of the Board.
bonds offered for sale on May 6—
cisco, approving the validity of
v.
163, p. 2058—were awarded to Hazen *Special School District, Ark. the Third Refunding Issue will be
Bond Call—The above District furnished by the District to the
Paine, Webber, Jackson & Curtis,
of Chicago, and Kenneth A. Ellis is calling for payment at 101 and successful bidder,
& Co., of Phoenix, jointly, at a accrued interest, on June 1, all of
The California Municipal Sta¬
price of 100.014, a net interest cost the outstanding 2V2 % bonds, dated tistics Company has prepared a
of 1.60%, as follows: for $32,000 Qct. 1, 1940, and including, with
financial
report
in connection
maturing $8,000 Jan. 1, 1948 to out being limited thereto, bonds
with the above bond offering.
1951, as, %s, $24,000 maturing $8,- Nos. 6RB to 28RB, of it refund¬
Copies may be obtained from the
000 Jan. 1, 1952 to 1954 as Is, and ing bonds, and bonds Nos. 5 to 12,
California Municipal
Statistics
$38,000 maturing Jan. 1, $8,000 in of its school bonds, said bonds be¬
Company at 26 O'Farrell Street,
1962 to 1965 and $6,000 in 1966 as ing "serially due on Dec; 1; ,1946
San *Francisco, Calif.
ls/4s.- Dated Jan. 1, 1946. Denom. to 1959. Holders of said bonds are
$1,000, In addition to the above to present; them to the Commer¬
Ceres, Calif.
coupons the entire issue shall bear cial National Bank, Little Rock,
Bond Offering—It is stated by
interest at the rate of 3%, from on and after June 1, and said
George B. Brandon, City Clerk,
the date of said bonds to Jan. 1, bonds shall cease to bear interest
that he will receive sealed bids
on and after date called, if funds
1947.
until 8 p. m. (PST), on May 13,
£•*.' ,k-'i
-'W .4*?'
"• ;'v
<'
"
for their payment are on hand
for the purchase of $30,000 coupon
MaricopaCountySchool Districts
with the paying agent.
or registered sewer of. 1946 bonds.
(P. O. Phoenix). Ariz.
Interest rate is not to exceed 6%,
california
Bond Elections-rThe voters of
payable
J-D.
Denom,
$1,000.
two districts will go. to the polls
Byron-Bethany Irrigation Dist.
Dated June 15, 1946. Due $3,000
on May 27 to pass on proposed
(Pi O. Byron), Calif.
from June 15, 1947 to 1956. Rate
bond issues as follows:; $337,000
Bond Offering — Mary Perry, of interest to be in multiples of V4
Madison School District No. 38
construction bonds, and $70,000 Secretary of the Board of Direct of 1%. These bonds were author¬
Roosevelt School District No. 66 tors, will receive sealed bids until ized at an election held on April
1:30 p.m. on June 10 for the pur¬ 9,1946. Principal and interest pay¬
improvement bonds;
chase of $275,000 third refunding able at the City Treasurer's office.
Yavapai County School District
issue bonds, not exceeding 4% Said bonds are general obligations
No. 1 (P. O. Prescott), Ariz.
of the City, and the City Council
Arizona
'
,vt
*W'
4
f
\«
•
•r*v ,Y
*
;'-V;
•
Bond
•
J
Offering
June 1, 1946, or as soon there¬
(: #
on
«' *,<? «'v
after as the
—
received
Sealed bids
by
.
ber bank of the Federal Reserve num, for the purpose of reducing
the net interest cost to the Dis¬
System in an amount equal to 5 %
An election to authorize
of the total par value of said trict.
the issuance of the Refunding
ponds; said check to be drawn
bonds herein offered for shle has
payable to the order of the State
Treasurer. The certified or cash¬ been called to .be held oh June 3,
ier's check of the successful bid¬
1946, and the sale of said bonds
conditioned upon their ap¬
is
der shall be retained
by the State
applied proval by. the electors of the Dis¬
the purchase price of said trict at said election.
and. shall be forfeited in
The bonds will be certified by
Loan Commissioners to be
upon
bonds
the
event
such
does not
bidder
the State Controller
after an in¬
take up and pay for said
bonds vestigation by the California Dis¬
Immediately upon their issuance tricts Securities Commission, as
and delivery to such bidder. The legal investments in California
State Loan Commissioners reserve for all trust funds; and for\the
the right to reject any and all bids funds of all insurance companies,
received. Delivery, of the bonds
banks, both commercial: and sav¬
shall be made at the office of the
trust companies,- the State
Capitol school funds and any funds which
Building, at the City of Phoenix, may be invested in county; mu¬
Ariz.
nicipal or .school district bonds,
and may be used as security; for
arkansas
the deposit of public moneys in
Arkansas (State of) ;
banks in said State.
In the event
State
Treasurer
in
ings,
the
Tenders Wanted—F. A. Storey, that prior to the delivery of the
Jr., Secretary of Staate Board of bonds and the income received by
Fiscal Control, will receive sealed private holders from bonds of the
tenders
until
11
a.m.
(CST)
on
May 27 for the sale to the board of
non-interest bearing series B
State
Road
District
refunding
same
type and character shall be
declared to be taxable under any
Federal
income
tax laws,
either
by the terms of such laws
or by
All bonds purchased will ruling of any Federal income tax
at the lowest offering prices, authority or official which is fol¬
bonds.
be
which must be less than par.
The
lowed by the Bureau of Internal
right of acceptance or rejection of Revenue or* by? decision of any
all or any part of the bonds ten¬ Federal Court, the successful bid¬
dered is reserved. Immediate con- der may, at his option, prior to
firmation will be made of accepted the tender of said bonds by the
tenders and
of
peyment will be made j District, be relieved of his obliga¬
thereof has power
and is obligated
their
which shall
respective';, bids,
be considered
as
in¬
formative
only and not binding
either the bidder or the City,
on
Contra
Costa County, Clayton
Valley Scki Dist. (P.O. Mar¬
:
fied check for 3% of the issue,
payable to order of the Chairman
Of Board of County Supervisors,
is required,
Wiseburn Sch•
Los Angeles County,
Dist, (P. O. Los Angeles),
California
-
tinez), Calif <
Sale-^Thp $63,000
Bond
ann.
on
May 6, were awarded to the
Bank
&
1
of
America
Savings
National Trust
Association,
Bond Sale—The $200,000 semi*
school bonds offered fqr sale
semi-
school bonds offered for sale
of
San
ann.
on May 7—v. 163, p. 2491—were
awarded to the Bank of America
National Trust & Savings Associa¬
Francisco, at a price of 100.204, tion; of Sah Francisco, as l^s, at
a price of 101.084, a basis of about
a net interest cost of about 1.42%,
on the bonds
divided as follows: 1.375%,
Dated May 1, 1946. Due
$16,000 as 4s, du£ $4,000 on July 1 011 May 1 in 1948 to 1962, incl.
Second best bid was submitted by
in 1947,;,tQ .195Q; the remaining
$37,000 as l%s, due Oh July 1— Weeden & Co., an offer of 100.666
$4,000 in 1951 to 1961, and $3,000 for IV2S. ■ ■
in 1962.
Runner-up
in the biding was
offering 100.60 for
l%s.
Monterey County, Soledad Union
Sch. Dist. (P. O. Salinas),
Weeden & Co.,
all bonds as
El
,
Dated July 1, 1946. Denomina¬
William T. tion $1,000. Due July 1, as fol¬
Brooks, Treasurer of the State lows: $10,000 in 1947 to 1955, $15,Loan Commissioners, at his office 000 in 1956 to 1962, and $20,000 in
in the Capitol Building, Phoenix, 1963 to 1966.
Bonds maturing in
until 5 'p.m.< on June 12 for the 1961 to 1966 are callable on Jan, 1,
purchase of $160,000 not to exceed 1961, or on any interest payment
3% refunding bonds being issued date thereafter prior to their fixed
on behalf of the district.
Denom. maturity dates, as a whole or in
$1,000. Due $20,000 on July 15 part in inverse numerical order,
from 1947 to 1965 inclusive,
In¬ from
higher to' lower, at not ex¬
terest J-J.
' 4v":
ceeding the par value thereof and
At the time and place aboye in¬
accrued interest to date of pay¬
dicated, or at a later time, the ment.
Bidders must specify the
State Loan Commissioners will
rate of interest which the. bonds
convene at their usual place of
shall bear.
Bidders will be per¬
meeting within said Capitol mitted to .bid different rates of
Building for the purpose of con¬
interest, but the interest rate
sidering all bids received for the
stated in the bid must be in a
purchase of said bonds and to take
multiple of % of 1%. Principal
such action thereon as may be
and interest payable at the office
deemed advisable. All bids must
of the District Treasurer.
The
state the rate of interest; to be
bonds are'to * be issued to refund
paid. No bid for the purchase of
a like principal amount of out¬
said bonds at a price of less that
standing bonds of the District,
; the
par value thereof' will be
considered and all bids must be designated "Second Refunding Is¬
accompanied by a certified or sue," dated Jan. 1, 1936, bearing
interest at the rate of 4 % per an¬
cashier's check drawn on a mem¬
be
will
basis
California
/
Bond Offering—Emmet
G. Mc*
Manamin, County Clerk, will re*
ceive bids until 10 a.m; on May
Centro, Calif,
Bond Election—Guy A. Weak¬
13, for the purchase of $125,006
ley,
Ci t y Superintendent
of school
bonds, at not exceeding 5 %
Schools, announced recently that interest. Dated June 1,1946. De¬
the Board of School Trustees had
authorized
a
$1,000.
will be
Due
$5,006
Said bonds
sold for cash and
at not
and. accrued inter*
delivery, and eaci;
County Figarden Sch. Dist.
bid must specify the rate of in*
(P. O. Fresno), Calif*
less than par
est to date of
Fresno
'
nomination
$300,000 elementary June
1, 1947 to 1971.
school bond issue proposal, to be
voted on at an election on May 17.
Bond Offering—E. Dusenberry,
terest offered and must state that
County Clerk, will receive sealed the bidder offers par and accrued
bids until 10 a.m. on May 21 for interest to date of delivery,, and
the purchase of $3(f,000 school state separately the premium, if
to levy ad valorem taxes for the
bonds, not exceeding 5% interest. any, offered for the bonds for
Bidders
Dated June 1, 1946. Denomina¬ which the bid is made.
tion $1,000. Due $5,000 in 1947 to will he permitted to bid different
1952. Principal and interest pay* rates of interest for different ma¬
tion by said City (except certain able at the
County Treasurers turities of said bonds. Principal
intangiblepersonal
property, office. A reasonable time, not to and interest payable at the County
which is taxable at limited rates),
exceed 10 days, will be allowed Treasurer's office.- Enclose a cer¬
payment of said bonds and the in¬
terest thereon upon all property
within the City subject to taxa¬
of
limitation
rate
for the purpose of tified check ior.10%°!-bf the bonds
determining at his own expense bid for, payable to the Board of
In the event that prior to the the legality of the proceedings had Supervisors.
Palo Alto, Calif.
delivery of the bonds the income in connection with the issuance
'a
received by private holders from Of said bonds, and the bonds must
Bond Election Planned — Thd
bonds of the same type and char¬ be taken up and paid for within following
bonds amounting to
acter shall be declared to be tax¬ five
da^s after notice has been $600,000 will be submitted to the
able under any Federal Income given that they are ready for de¬ voters at an election to be held
Tax laws either by the terms of livery. Enclose a certified check sometime in June;
v
such laws or by ruling of a Fed¬ for $1,000, payable to the Board $175,000 sewage plant and outfall
eral Income Tax authority or of¬ of Supervisors,
sewer bonds.
:;
ficial which is followed by the
140,000 storm interceptor sewe?
Hermosa Beach, Calif.
Bureau of Internal Revenue or by
bonds.
Bond Election Besult -^ At the
decision of any Federal Court, the
135,000 water bonds.
successful
bidder may*
at his April 9 election the voters ap¬
40,0QG gas bonds.
option, prior to the tender of said proved an issue of $30,000 fire
110,000 electric bonds.
" i
bonds by the City, be relieved department apparatus bonds and
Riverside County, West Riverside
of his obligations under the con¬ rejected an issue of $100,000 for
Sch. Dist. (P, O. Riverside),
of new municipal
tract to purchase the bonds and in construction
;
California
such case the deposit accompany¬ buildings and other purposes.
Bond
Election Held-*— At an
without
amount.
•
or
the purchaser
^
> •
'
ing his. bid will be returned. The
legal opinion of Orrick, Dahlquist,
Neff, Brown & Herrington, of San
Francisco, approving the validity
of said bonds will be
successful
the
'?
X<»£ Angeles, ■: Calif- J
School
Bond
Election
Sched¬
uled—Voters will be asked at an
furnished to election set for June 4 to pass; 0
the
issuance of
$75,000,000 i
without
bidder
charge. The bonds will be
awarded
bonds to be used for the purpose
of meeting classroom shortages in
highest and best bidder
Los Angeles City schools, accord^
considering the interest rate or
ing to Lawrence Larrabee, Presi¬
rates specified and the premium
dent of the Los Angeles Board of
offered, if any. The highest bid
to
the
will be
the
determined by deducting
amount of the
premium bid
(if any) from the total amount of
interest which the City would be
required to pay from the date
of
Education.
Los Angeles County, County Sani>; tat ion District N&. 8 (P. O.
; Lbs
Angeles), Calif♦
Sale—The $238,000 sewer
offered for sale on May 8—
Bond
respective bonds
maturity' dates thereof, at the v. 163y p. 2492—were awarded to
coupon rate or rates specified in Blyth & Co., of Lbs Angeles, and
the bid, and the award will be associates, as l%s, at a price of
made on the basis of the lowest 100.359, a basis of about 1.465%.
net* interest cost to the City. The Dated June 1,1945. Denom. $1,000.
lowest net interest cost shall be These bonds are due on June* 1,
computed '£ between
the dates from 1946 to 1969. The next high¬
aforesaid according to
standard est bidder was Weeden & Co., for
bond interest tables.
The pur¬ iy2s, at a price of 100.254.
chaser must pay accrued interest
Los Angeles County, San Gabriel
from the date of the bonds to the
Sch. Dist. (P. O. Los Angeles),
date of delivery. The City Council
Calif.
of said City reserves the right,
Bond Offering—F, J. Moroney,
in its discretion, to reject any,and
all bids and to waive any irregu¬ County Clerk, will receive sealed
bids until 10 a.m. on May 21 |or
larity or informality in any bid.
the purchase of $450,000 not to
All bids must be unconditional
exceed 5% interest school bonds.
and together with bidder's check
for $1,000 must be enclosed in a Dated June 1,1946. Denom. $1,000.
Due $25,000 each June 1 from 1948
sealed envelope addressed to the
CityvCouncil. In addition, bidders to 1965 incl. Principal and in¬
are .requested (
buF not required) terest (J-J) payable at the County
Treasurer's ofice. Bidder to name
to supply an estimate of the total
single rate of interest. A certi¬
net interest cost to the City on the
said
bonds
to
the
election held on May 10 the vot¬
passed on/ the issuance: o£
$115,000 bonds to be used for*
school improv^nentSi
f ers
.
Santa Ana,
:
Bond
Calif*
OfferingMym, Ci?*!terc>me,:;
City Auditor, will receive sealed
bids until 7 p.m. on May 13, for
the
purchase of the following
coupon bonds amounting to $1,*
500,000: '
$500,000 street bonds.
300,000 sqwer bonds.
;
575,000 smrm sewer bonds.
125,000 storm drain bonds,
Dated July 1, 1946. Denomina*
.
tion $1,000.
$75,000
1966.
on
%
These bonds are due 4
July 1, in 1947 to *
Bidders to
name
the rate of
interest
Legality
approved by O'Melveny & Myers, 4
interest.
Principal
and
payable in Santa Ana.
of Los
Angeles.
Enclose
a
certi¬
fied check for 3% of the bid,
,
.
Santa Clara County, Cambrian '
Sch. Dist. (P. O, San Jose),
'
California
,
Voted — By a count of
the voters of the district •
approved recently the issuance of"
$62,000 school improvement bonds,
Bonds
155 to 9,
Siskiyou County,.Yreka Union -V
Elementary School District,
(P. O. Yreka), Calif,
Bond
Election—An*j4ssue
oi
$95,000 construction bonds will be
submitted
primary
to
the
election
at
voters
to
be
the
held on
May 17.'-V
,
-
fl/olume-163
Number 4489
South Pasadena, Calif,
Voted—At an election
Bonds
held
April 23 the voters ap¬
a margin of better than
on
proved by
FLORIDA
of the $4,000,000 bonds was
authorized on May 2, in two Cir¬
ance
three-to-one,
they issuance^ of
school' improvement
cuit Court orders signed by Judge
lbonds, reports the Pasadena "Star- Marshall C.
Wisehart and Judge
| News" of April 24. ,
(
George E. Holt. In spite of the
$550,000
with
cations being prepared.
on
Voted—At
an
Water, plans and specifi¬
being prepared; Sewer,
Company; Norris & Hirshberg,
Inc.; Robinson Humphrey Com¬
pany^ and Wyatt, Neal, Waggoner
Company.
,;s
ap¬
to
wick.
a
of
"
'
'
'
ments,
pared.
COLORADO
'f A-
preliminary
studies
Marion County, Ocala
Election—At
Sch. Dirt,
an
election
Warrant Call—Frank O.
urer's
Bond
Elections—Elections
may
present month on
issue propo¬
:
Chipley; Sewerage, preliminary sals: $500,000 Daytona Beach School
District; $100,000 Seabreeze School
•- •V "" K"
an issue of $150,000 Mesa College studies prepared.
Panama. City: Sewerage, con¬ District No. 41; $50,000 Seville
Improvement bonds.
struction plans being prepared; Schcol District.
Limon, Colo.
Waterworks, preliminary studies
GEORGIA
y c Bonds Voted—At a recent elec¬
completed; Bay Front, prelimin¬
tion the voters approved an issue
ary studies
completed; Paving,
Albany, Ga.
of $10,000 airport site purchase
preliminary studies completed.
Bonds
Sold
—
The
Albany
ponds.
Tallahassee: Water and sewers,
"Herald" of April 25 reported that
construction
contracts
awarded; the city awarded on April 23 an
Walden, Colo.
construction
contracts issue of
Bond Election—At an election "lect.ric,
$600,000 2% school and
awarded; Gas, plans and specifica¬ sewerage bonds to a group com¬
on May 21 the voters will consider
tions complete; Incinerator, plans
an issue of $100,000 sewer, water
posed of the Citizens & Southern
and specifications complete.
and
Bank of Atlanta, the First State
power
plant improvement
Live Oak: Sewerage and drain¬
Bank of Albany, and the Albany
bonds.
*
age,
preliminary
studies
com¬
Clearing House Association, at a
DELAWARE
pleted.
v • .
;
price of 107.45, contingent upon
Lake City: Waterworks, com¬
approval of the bonds ;by the;
Newark, Del.
pleted: and in operation this voters of the
Bonds Voted—At an election
city at an election
month..
to be held on May 13. Of the total
held on April 27 the voters ap¬
Jacksonville: Electric, prelim-* sum awarded tentatively, $150,000
proved the following issues: $300,underway; Water, will be- used for a Negro high
©00 school building additicm bonds inary studies
by a count of 318 to 239, and $18,- preliminary studies underway.
school, and $450,000 will be ex¬
Milton:
Grand Junction, Colo.
Water
and
pre-
be
held in the
the
sewer,
liminary^ studies prepared.
Bonds Voted — At an election
held recently the voters authorized
;
Interest
office.
date called.
ceases
on
following
of
the
lowest
interest
net
cost to the District.
Comparison
of the lowest net interest cost 6s
a
basis for the award will be made
by taking
est
an
at the
life
of
aggregate
rate
the
named
bonds
and
of inter¬
the
deducting
over
the
permium, if any,
specified in the bid to determine
the net interest cost to the Dis¬
trict. The District will furnish the
cessful bidder will be required to
furnish
the
Bonds
printed
necessary
called for pay¬
of
bonds
on
April 27.
"
'
Millstadt School District
No. 166, III.
Bonds Voted—At a recent elec¬
tion the voters authorized an issue
Mount Sterling, III.
-
Bonds
Vote^—At .a recent elec¬
tion the voters of;Mount
Sterling,
Ripley and
($25,000
Timewell townships
are said to have approved by a
large majority the issuance of
$292,000 bonds for the construe*
tion of a community high school.
Highway, Nos. 9 to 20 ($50,000 de}
nomination).-
Bonds Purchased—The follow¬
are
ment:
($100,-
21 to 53
denomination).
Corporate, Nos.
000
Corporate, Nos. 54 to 93
denomination).
•
issue
construction
bonds.
Victor L. Schlaeger, County
Treasurer, that the following 1945
warrants
road
was defeated 'at the election hold
by
tax
Defeated—An
$55,000
Cook County TP. O. Chicago), III.
Warrants Called —- It is stated
accrued
Interest
on
the
terminate
will
warrants
above
May
on
Money'; for the payment of
said warrants is available and wi|l
15.
paid oil presentation through
' bank or
to 1 the
County
be
any :
Treasurer.
Randolph County Road Dists»
(P. O. Chester), III.
ing bonds, amounting to $204,500.
Des
Plaines), III. .vt
— It
is stated by
^60,000 RoadfDistripf No. 2, 2%%
bonids.v
65,000 Road District No. 3, 2%%
50,000 Road District No. 6, 2% %
bonds.
.
W. J. Henrich,
29,500 Road District No. 10, 3%
bonds.
City Clerk, that at
election scheduled for May 13
an
purchased recently by BarKindred;& Co.* of Chicago:
were
cus,
bonds.
(P. O.
Des Plaines Park District
the voters will pass on the issu¬
ance
of $125,000 park improve¬
March 1, 1946. Legality
approved by Charles & TrauCrnicht, of St. Louis.
Dated
ment bonds.
Robinson, III.
bond
_
Register-
of $37,500 gymnasium-auditoritini
tfyy-ySj-;
Bond Election
Sch. Dists. (P. O.
amount.
or
of said bonds will be made on the
Birney,
calls for pay¬
ment on Majr 7, issue of 1945* cor¬
porate tax anticipation warrants
A-26 to A-189, dated Oct. 18, 1945,
for $5,000 each.
Holders of said
warrants should present same for
payment at the District Treas¬
project.
Daytona Beach), Fla.
rate
basis
May 31
Volusia County
pre¬
to
as
on
District Treasurer,
will consider an issue
000
of lf\ or one-rtehth
of 1%.
No split rates will be
considered. ; Payable
from
ad
valorem taxes without limitation
May 17. Bidder is bonds. Enclose a certified check
required to name a single rate of for
$2,000, payable to the School
interest on the issue, expressed in
Treasurer.
a multiple of
xk of 1%.
Le Roy Township (P. O.
Chicago Sanitary District, III.
Sharon), III.
voters of the district
of $350,000
bonds in connection with a $450,on
—
interest water works sys¬
1-%%
(P. O. Ocala), Fla.
Bond
interest to
Rate of
1952.
therefrom
tem certificates of indebtedness to
of
$750,000 improvement bonds was
favorably voted at the election
held on April 30.
<
syndicate of investment
reportedly offered to
has
be awarded
School District No. 1
(P. O. Tallahassee), Fla. y
issue
1949 to
be in multiples
approving opinion of Chapfnan, &
change in the provisions of sale
Cutler, of Chicago, without cost
the $2,500,000 not to exceed
to the successful bidder.
The suc¬
Leon County
An
Bruns¬
Official announcement is made of
to this issue will
—
and
Chicago, III., I *
Certificate Offering Revised
.
Voted
port ter¬
ILLINOIS
,
Bonds
new
participatein. underwriting of the
projected bonds. :f\
-
Instruction a proposal calling for
legal opinion will be furnished. the issuance of $2,000,000 conr
struction bonds.
1
Bonds will be ready for delivery
within 30 days after the purchaser
Florida (State of)
approves the issue. Encloses Cer¬
Prospective Local Borrowers—
tified check for ,10%< of *bi$, pay*
The "Florida Municipal Record"
table to the County Clerk.- a
recently completed a survey of
i
the postwar construction projects
Yolo County, Woodland Elem.
Il Sch. Dist. (P. O. Woodland),
being planned
by
local
sub¬
Calif.
divisions in the State and, in Its
Bond Election — At an election March issue, gave the following
©n May 28 the voters will consider
tabulation of projects definitely
an
issue
of
$175,000 building on the way:
Pensacola:
bonds. '
General
r'-'"''
T.'"'"''
improve¬
A
with
connection
Savannah
at
houses
-
no
in
issued
minals
-
submitted to the Board of Public
be
the construction of
,
reference
until 7:30 p.m. on
,
*
be furnished free of .any cost to
the purchaser of these bonds, but
receive sealed
bids
May 14, for the
purchase of $100,000 school cou¬
pon bonds to bear not exceeding
1 Vz % interest.
•
"' 1 *' •'
\
'
% Dated May 1, 1946.
Denomina¬
tion $1,000.
Due $25,000 Nov. I,
will
tion,
able as to principal only. Princi¬
Georgia State Ports Authority
pal and interest payable at the
(P. O. Savannah), Ga.
Northern Trust Co., Chicago.
No
Proposed Financing — At a
bids will be considered offering
meeting on May 14, members of
to pay less than the par value of
the authority will take up the
said bonds, plus accrued interest,
question involving the method of
to date of delivery, 'and the award
disposing of the $15,000,000 bonds
•
with
named company
Johnson, Lane, Space & Company;
Milhdus,
Martin,
McKnight
&
DeLand:
cations
election
April 23 the voters
above
the
St. Augustine: Water and sewer, in the purchase: Brooke, Tindall
plans
and
specifications being Company; Citizens & Southern
.National Bank; Courts & Com¬
prepared,
Datona Beach: Water and sewer, pany; Celment A. Evans Company;
plans and specifications prepared, J. H. Hifsman & Company, Inc.;
objections by Assistant State At¬
under construction.
torney S.O, Carson,- the order
Orlando: Sewer, plans and spe¬
Validating $2,500,000 in Revenue cif
icatiOns prepared.
o
proved the issuance of $500,000 in bonds, earmarked for the purchase
New Smyrna: Water, under con¬
bonds by a margin of about four of the International Airport from
struction.
to one.
;,
Pan American Airways, was
Melbourne: Water ' and sewer,
Proposition No. 1, calling for signed by Judge Wisehart. Attor¬
the issuance of $300,000 iri bonds ney Carson will appeal the de¬ plans and specifications being pre¬
pared.
for replacement
apd improvemen'; cision tb the State Supreme Court
Lake Wales: Sewers, prelimin¬
of the sanitary sewer system and in
order
to
clarify legislation
ary completed.
the expansion of the sewage dis¬ under which
the
County Port
Wauchula: Electric, preliminary
posal plant, drew 641 votes, with Authority
plans to operate the air¬ completed;
Water,
plans
and
139 ballots opposing the plan.
port. The isuance of an additional
specifications,
being
prepared;
Proposition No. 2, a $200,000 $1,500,000 self-liquidating bonds
bond proposal for the repair and to complete construction of the Sewer, preliminary completed.
Bartow:
Electric, under con¬
extension of the storm sewfer to Rickenbacker causeway to Vir¬
struction..
vn"
parts of the city not how served, ginia Key and Key Biscayne was
y Tampa:
Sewers,
preliminary
carried 600 to 175,;
authorized in an order signed by
completed.
fr
Tulare County, Tulare Union High Judge; Holt. Validation of these
St.
Petersburg: Sewers,! plans
bonds will not be appealed, since
and specifications prepared.
$ch. Diet. (P. O. VUalia), Calif.
the issue is simply an extension
Bond Offering—Gladys Stewart.
Cocoa: Water and sewer, pre¬
of a previous issue of $4,000,000
liminary completed.
a; County Clerk, will receive sealec
bids until 10 a.m. on May 14 for authorized in 1941 for construc¬
Vero Beach: Electric, prelimin¬
the purchase of $275,000 not to tion of the causeway. ?
ary completed.
•
■
exceed 5% interest school bonds
Fort Pierce: Sewer, plans and
Dunedin, Fla. W
Dated May 1,1946. Denom. $1,000.
Authorizes Bond Exchange. •— specifications being prepared.
Due May 1, as follows: $28,000
Bradenton:
Water, plans and
The City Commission voted unan¬
from 1&47 to 1951 incl., and $27,specifications being prepared,
imously at a recent meeting to
©00 from 1952 to 1956 incl. Prin¬
Sarasota:
Water,
plans
and
authorize the refunding, through
cipal and interest (M-N) jay able
being
prepared;
R. W. Spragins Co., of Memphis, specifications
at the County Treasurer's office.
plans and specifications
and Shields & Co., New York, of Sewer,
A certified check for 5% of the
being prepared.
the outstanding debt in accord¬
bonds bid for, payable to order of
Belle Glade: Water, under con¬
ance with a program previously
the Chairman of Board of County
struction.
agreed upon with the aforemen¬
Pahokee: Water and Sewer, pre¬
| Supervisors, is required.
tioned refunding agents. The plan
liminary completed.^'
;,Tr
calls for the issuance of $958,000
Yentura County, Fillmore Joint
South Bay: Water, plans and
series C, D and E refunding bonds
;
Union High Sch. Dist. (P. O.
specifications being prepared.
and holders of the original obli¬
Ventura), Calif.
Miami: General improvements,
Bond Offering—L. E. Hallowell, gations may either accept the new
plans and specifications prepared.
County Clerk, will receive sealed bonds in exchange or have them
Miami Beach: General improve¬
bids until 10 a.m.. on May 14 for redeemed
in
cash.
Holders
of
ments, construction under way.
the purchase of $485,000 ndt to about $400,000 bonds have al¬
Dania:Water, preliminary com¬
exceed 3% interest school bonds. ready presented
them for ex¬
pleted.
Dated
June
15,
1946.
Denom. change* As previously npted in
Hollywood: Sewer and drain¬
$1,000. Due June 15, as follows: v. 163, p. 824, the new refundings
age, preliminary completed.
$50,000 from 1947 to 1955 incl., bear 4% interest for the first four
FL Lauderdale: Water, under
and $35,000 in 1956. Principal and years and 3% thereafter iuntil
construction.
interest
(J-D)
payable at the maturity in 1975.
FWMyers: Sewers, under con¬
County Treasurer's office. The
Escambia County Sch. Dist. No. 16 struction.
bonds were authorized'at an elec¬
Delray Beach:
Water,
under
(P. O. Pensacola), Fla.
tion on April 9. A certified copy
Bond Issuance Pending —The construction; Sewers, preliminary
of the abstract of the proceedings
studies completed.
board of trustees is said to have
Tulare, Calif.
Bonds
held
associated
that the following were
Ocala: Sewer, plans and specifi¬
Dade County (P. O. Miami), Fla.
Bonds Authorized — The issu¬
2629
'•/'A,
.THE COMMERCIAL" & FINANCIAL" CHRONICLE
III.
election
18 the voters will con¬
Dixon Park District,
Election—At
Bond
June
on
sider
an
issue of $129,500
an
swim¬
ming pool construction bonds.
Louis School District
East St.
No.
Issue
Bond
189, Ill.y
\
Details — The $1,-
300,000 l?/2% construction bonds
approved at the April 13 election
will be.tdated Jan. 1, 1947 and
Bonds SoW—J. R. Howard,
City
Clerk, has announced that the
$70,000 street improvement bonds
have been sold. These bonds were
authorized
on
at
the
electiofAhfcld
April 23.
Sanitary District, lUi
Rock ford
Bond Issuance Indefinite—ISSU*
of
the
$1,500,000 sanit6fy
plant bonds
authorized at the April 9 election
mature $100,000 annually on Jan.
1 from 1948 to 1960 iricl.
Interest is not likely to be made in the
ance
near
J-J.
ance
of
struct
$625,000
a new
bonds
to
con¬
school in the village.
disposal
future.
Zioh School District No. 6,
Elmwood
Park, III.
Bonds Voted—At a repent elec¬
tion the voters approved the issu¬
and
sewer
Election—At
Bond
oil
an
an
III.
election
May 13 the voters will consider 4
issue of $500,000 school build*
.
ing bonds.
.,
©00 school maintenance bonds
a,
n
\
^ Jacksonville Beach: Water,
by
iminary studies completed; Sew¬
preliminary studies completed.
count of 292 to 187.
favorably 'J voted; at >the
held
Green
Cove ; Springs:
Sewer,
plans and specifications prepared.
—
were
Starke:
election
April 24: $300,000 con¬
struction
and ^ equipment, 'yand
$18,000 maintenance bonds.-v
^
ed%',
on
j
Sewer, contracts awardv
v-t-.";*i": •'
;;
■
■
ry
:■ > -
Gainesville: Electric--and water,
contracts awarded.
:
the ; same time approval was
given ; to the issuance of $42,000
site purchase bonds.
v.;
pended for an adequate drainage
system for the city.
er,
Newark School Districtj Del.
Bonds Voted
The. following
bonds amounting to $318,000
pre-
At
Decatur, Ga.
award
of
the
$600,000
:
are
$10,000
sew¬
been
sold,
as
2s.
-
Lake
107
now f informed
County School District No.
(P. O. Highland Park), III.
Bond
(;
Offering—J.
INDIANA ;
Gary, Ind.
:
Bond Sale—An issue of $84,441.68 judgement funding bonds
was awarded on May 6 to Halsey,-?
Stuart
Co., Chicago, as l^s,
.
at
a
,
.
price of 100.777, a basis of
1.187%. Dated May 1, 1946
about
,
2%
-
2493-r-we
Sold—The
improvement bonds author¬
ized at the May 1 election have
bonds on April 25 to the Trust
Company of Georgia, of Atlanta,
reported -here/on May 6—v. 163,
p;
Hebron, III.
age
~
Purchasers—In connection with
the
Bonds
;
llSli::'
R.
Kieding,
and due Nov. 1, 1959.
Indianapolis. Ind.
,
Bond
Secretary of the Board of Educa- April
Ordinance
15 ' the
/
Passed
Common
—
On
Council.
passed
ordinance
an
calling, for
!
'
sewer
May
Dated
bonds.
1,
$295,000 police and
i
Bond^ Call-^-Wi^Knuckles* jfe.
bonds, hot ex¬ \ 1946. - Due May 1, ias follows* $1,
ceeding 4% interest.
Date June 000 in 1947 to 1949, $7,000 in 1950, State Local Finance Officer, calls
i, 1946.
Denom. $1,000,
These and $10,000 in 1951 to 1953. Bid¬ for payment on June 1, 5% road
and bridge refunding bonds, Nos
bon^s are due as follows: $8,000 ders should specify the rate of in¬
July 11 ^1947,! and $7,000* Jan. and terest, but no award will be made 41 to 52, dated Marcir l^ 1941
Present bonds for payment at the
on any bid of less than par and
July 1, 1948 to Jan. 1, 1968.
aecrued interest.
Principal and Central Hanover Bank & Trust
department
!
:
:
Schoot City, Ind.
Sullivan
Bond
Offering—H.
W.
'interest payable at the City Treas*
Bran- rurer's
office.
The
approving
of Board of
School
will
receive
sealed bids until 4 p, m. on June
6 tOr the purchase of $26,000 not
Secretary
Trustees,
stetter,
exceed
to
Denom.
opinion of Chapman & Cutler, of
will be furnished,
En¬
a certified check for 2% of
the amount of the bonds,
i Chicago,
close
building
interest
2%
Dated
bonds.
1
June
1946. !"■Clinton Independent Sch. Diet.,
15,
Iowa
$1,000. Due $2,000 July 1,
Bernol
(P. O. Owenton),
Kentucky,
Owen County
for the purchase of $40*?
10 a.m.,
000
the issuance of
fire
Monday, May 13, 1946
CHRONICLE:
2630
Co., in New York City.
ceases on date called.
Allen,
B.
City Manager,
$225,000 tax anticipation notes.
Denomination $25,000. Dated May
for
115, 1946.
Due on Dec. 2
Payable at the Merchants
tional Bank of Boston.
1946.
;
Interest
bids
1
:
Medford,
Mass.
recent
of Aldermen
passed, calling
for the issuance of
$500,000 in
bonds to be used for a street re¬
session of the Board
Note Offering — John R. GilCity Treasurer, will re¬
sealed
0.502%.
Bonds Authorized—At a
martin,
ceive
highest bidder, named a rate
Of■/ 0.467%;
Rates specified in
other bids ranged from 0.47% to
Na¬
Portland, Me.
;
next
until
noon
resolution
a
was
May 13 for the purchase pair and construction program.
at discount of $800,000 notes issued
Southwick, Mass.
Stanford, Ky.K
in anticipation of 1946 tax collec¬
Bond Sale—The $140,000 bonds
Bond Call — Powell Withers,
tions. Dated May 15, 1946 and due offered
May 8 were awarded--to''
City Clerk, calls for payment on
Oct. 7, 1946. Payable at the First
June
the First National Bank of Boston,
I, all outstanding
3%%
National Bank of Boston, or at the as
sewer revenue bonds, issued under
I%s; at a price of 100.94, a
date of Dec. 1, 1938.
Said bonds Central Hanover Bank & • Trust basis of about 1.13%. Sale con¬
Co., New York City. Legality} to sisted of:
with all unpaid coupons duly at¬
1
* k
be approved by Ropes, Gray, Best,
tached should on June I, be pre¬
$100,000 water mains bonds. Due
Coolidge & Rugg of Boston.
sented at said bank, whereupon
May I, as follows: $7,000 from,
(DST)
on
i
Bonds Unsold—No. action has
1949, and $3,000 Jan. 1 and July 1
been taken with regard, to sale
froirj 1950—to 1953 incl. Interest
J.-J. Bidder to name a single rate lof the $920,000 school construct
bonds t authorized
at
the the city will pay to the owners
l of interest, expressed in a multi¬ tion
1947 to
1956 inclusive, and *
MARYUIND
and
holders ^hereof
the
face
ple of V* of 1%. Said bonds are March 11 election. I
$6,000 from 1957 to 1961 incl. amount of each
bond together
Baltimore, Md.
direct obligations of the School
40,000 town building bonds. Due '
Gait, Iowa lfc-.v'
Bond Offering—It is stated by
with interest accrued to redemp¬
City, payable out of unlimited ad
$2,000 on. May 1 from 1947 to
Bonds Sold—The $1,800 water
vWolem taxes to, be-levied and works bonds offered for sale on tion date. Interest ceases'on date John J. Ghinger, City Register,
1966 inclusive.
that the Commissioners of Fi¬
called.
collected oh all of the taxable
All of the bonds are dated May
Jan. 7, were sold recently to Mr;,
nance will receive sealed bids un¬
;
Bond ' Sale
It
is
stated by
property in the School City. Thfc John Poolman, of Clarion, as 3s,
Principal and • interest <
til noon (EST), on May 15, for 1,V 1946.
Powell Withers, City Clerk, that
opinion, of Ross, McCord, Ice & at a
price of par.
These bonds
the purchase of $650,000 coupon payable at the First National Bank ♦
the
Miller, of Indianapolis will be are due in 12 years. /
$38,000
2%%
semi-annual
of Boston. Legality to be approved
harbor bonds. Denomination $1,sewer revenue bonds were award¬
finished to thei successful bidder
000.
Dated Jan. 1, 1946. Due on by Ropes, Gray, Best, Coolidge & !
V / Harlan, Iowa
' \
at the expense of the School City,
ed on May 2 to the Bankers Bond
Rugg of Boston. Other bids, also '
Bond Sale Details—The $12,000
No- Conditional bids- will be- con¬
Co., Almstedt Bros, both of Louis¬ July 1 as follows: $22,000 in 1947 for VAs; Paine, Webber, Jackson ;
sidered. Enclose a certified check lVz% swimming pool refunding ville, and the Security Bond Co., to 1966, and $21,000 in 1967 to
Curtis, and Robert Hawkins &
1976.
Registered as to principal
for $1,000, payable to the School bonds purchased :by Shaw, Mc* of Lexington, jointly.
only. Principal and interest pay¬ Co., jointly 100.913; Lee Higginson
Dermofct & Co., of Des Moines, as
City.
• Webster County (P. O.
able in Baltimore.
Bidders are Corp., 100.857; W. E. Hutton
previously noted in these columns,
Vernon Township Schoot TownDixon), Ky.
required to name In their bids the Co., 100.70. '•
!Werfs-:-''soldl'•!
of par and
j'% r ship (P. O. F ortville), Ind.
Bond Sale Details—The $51,000 rate of interest to be paid on the
mature Nov. 1, as follows: $2,000
Winchester, Mass.
.
fBond Sale—It is stated by Trus¬
revenue bonds recently purchased
bonds.
The rate must be a mul¬
in 1947 and 1948; $1,000, >1949;
-Note Sale—The $100,000 reve- ♦
tee Horace E. Wise that $50,000
by the Bankers Bond Co., of Louis¬ tiple, of % of 1%. All bids shall
$2,000, 1950 to 1952 incl.; and
nue notes offered for sale on May •
construe,tion bonds were awarded
ville, as noted in v; 163, p. 2345, be for the entire issue and shall
2 Wiere;f
1 recently to the City- Securities $1,000 in 1953..
were sold at a price of 103, as
name
but one rate of interest.
National Bank, of Boston, at a rate ■
:
Manchester Independent School
follows:
$15,000 2% courthouse Bids must name a price for each
Corp. of Indianapolis. Dated Aug.
of 0.40%. These notes are due on <
District, Iowa
bonds, due from 1947 to 1951 incl.*, $100 with accrued interest to date
I5v 1945.
Due $5,000 on Jan. 1
Bend Election Planned—An is¬ and $36,000 2%% court-house of settlement. No bid of less than Nov.-, 16,1946. Other bidders were,
^Liid $2,000 on July. I, in 1947 to
as follows:
sue of $136,000 construction bonds
bonds, maturing from 1952 to 1963 par and accrued interest will be
1956, incl.
Price Bid
will be submitted to the voters at inclusive.
considered. The approving legal Bidder
,
,
—
.
.
•
'■
,
.
West
*
Lafayette,Ind.-H. Min¬
Bond Offering-4-Charles
ers; City Clerk-Treasurer, will re¬
ceive sealed bids until 2 p.m.
(DST)
on
of
chase
•
-May 17, for the pur$16,500" issUe ^ of 1946,;'
equipment bonds, to bear *nof ex¬
ceeding 3 %. interest.. :
JT)&ted: May15;f 1946.
Due '$f^50D-Juiy' I,
inatibn^$500;
1947 to 1957.
Rate of interest to
! be in multiples of Vi of 1%, and
not more than one rate shall be
hamed by each bidder;
No bids
for.less than pa# and accrued in¬
terest. v The bonds. will be the
direct obligations of the City pay¬
able out of unlimited, ad Valorem
taxes to be levied and collected
,
on.
all of the taxable property
in
t the
City.
The opinion v of Ross,
McCord, Ice &. Miller,\ of Indian¬
an
First National Bank,
opinion of Wood, Hoffman, King
LOUISIANA
& Dawson, of New York jCity, : j,»Boston
Bossier City, La.
will be furnished the successful National Shawmut Bank,
Bond Election
The following bidder or bidders without cost In
election to be held in the near
future.
'
London
New
| .
;
'
v
;V.
School
Consolidated
District,; Iowa
a recent elec¬
..
Votedf-At
authorized
an
is¬
bonds
be submitted to the voters
"
MICHIGAN
issue
Defeated — Art
Bonds
of
construction and - equip*
bonds Vv^ defCatedi at the
Charles), La.
$95,009
mehlr
KANSAS
Enclose
MASSACHUSETTS
Calcasieu Parish, Lake Charles
School District (P. O. Lake
Scranton School District, Iowa
;
...
:
Btoomfield
Bond
.
Brockton, Mass. V ..
Offering—Leo- V. Clancy,
Bond Election—At an election City Treasurer, will receive bids
until ,11 a.m. (DST) on May 13
for the purchase
of $330,000 cou¬
registered bonds, divided
or
follows:
pon
as
Lake Charles, La.
>
-:,••
J,--'
.
{•'
Baxter
Bond Electidii ~ At an
Springs* Kan.
Voted
Bonds
_• £
and
Defeated
—
on
24
May
the
voters
•
*
CO., of Cincinnati,
Jetmore, Kan.
Bond
Election—At
■'
election
an
1%%, at a
on
May 14 the voters will con¬
of 100.54, a basis of about
sider an issue of $70,000 electric
165 %. Dated May 1,1946. Denom,
$300-. These bonds are due $500 power and water plant bonds;
oh July 1, 1947, and Jam and July
Russell, Kan.
as
Bond yoted*r-At a recent elec¬
highest bidder was Doyle, O'Cbn^. tion the voters authorized the. fok
ner & Co., for
lowing bond issuds: $183,000 water
2*As, at a price of
system improvement, $100,000 fil¬
100.27,
1,; 1948 to Jam 1,. 1957,-^ The next
•
Second
highest offer
was a
bid
of 100.03 for 1 %s, tendered by the
tration. plant,
construction.
followed
by
Doyle,
$67,000
receive
$90,000 Simsboro School District
No. 3 bonds.
55,000 Choudrant School District
No. 6 bonds.
Dated April i; 1946.
are due on
dam
These bonds
April 1, 1948 to 1966.
Ptdquemine, La.
.
KENTUCKY
O'Con-
Breathitt County
bids
sealed
the purchase of
the following $145,000 4% bonds:
until May 20 for
Bond Sale Details—The
Gity Securities Co^T. of Indianap^
plis,
and
Board 'will
gas
$250,000
system revenue bonds awarded
(P. O.
Birmingham), Mich. **'
f Bohd Call
2^s.
-at
Natloriak|Sl^wmUti
Bank.,of Boston. Legal opinion of
,
>•
■
.
■
"
,
pnd open
bids until May 20, at ville.
eeived uhtil^ p.m, on
.
May^lOw by >
.
<
The township has
;
announced its intention to redeenS
1946/ at par arid ac* >.
crued interest; refunding htinds
Nos« 53 to 56, dated June 1,,. 1039,
maturing on Juiie' 1 bt ^ 1951 hnd 1952, and optional. Bonds should v
be presented for payment to the *•
Community
National
Bank
of"
tin
June 1,
Pontiac.
Cadillac, Mich.
I
Michigan.
M
% | *
Offering ^- Chester
Ropes^ Gfay,"Best,^■;VCoolidge'i.;,^fc Chormahn, District Secre';ary, will |
Rugg of Boston will be furnished receive -sealed bids until - 8- p»m. )
the successful bidder.
(EST> on May 23 for the purchase
pf $30,000 not to exceed 2% inter* .
Centervitle-Osterville Fire District
est school bonds*
Dated June 1, [
(P.' O. Osterville); Mass.
^
payable'
■
•
—
't-
Bonds. To Be>Issued —.; The,
$300,000 water plant purchase"
from 1947 to 1951 inclusive.
self-liquidating bonds approved at ;
All of the bonds are dated April
the April 16 election have, yet .to ^
1, 1946. Denomination $1,000. Bid¬ be sold.
'
^ ^ ; .. j
der id name the rate of interest
Ecorse Township Sch. Dist. No, 9
expressed in multiples of V\ of
(P.O. Route No. 1,.Wyendotte)* }
1%. Principal and interest (A*0)
on April 9 to the Iberville Trust
Bond Sale—The $75yOOC water
fackson),-Ky.:
s:
& Savings- Bank,, of Plaquemine—
bonds offered for sale on May 2
Bwid €aB—W. L. Knuckles, Jri, v.
IOWA
163, p. 2060—were sold at a were awarded to Paine/ Webber,
State Local Finance Officer, calls
price of 100.045,. a net interest Jackson & Curtis, / and Robert
pedar County (P.O.Tipton)% Iowa for payment on June 1, at the cost,'iof 1-59%, as follows: For
Hawkins & Co., both of Boston,
'l Bond Sale Details—The amount Citizens Fidelity Bank & Trust
$164,000 maturing April 1,'$2,000
as: 1V4S, at a price of 101.261, a
4 of funding bonds, recently sold to
Co., ^ Louisville, 4% : road V and in 1948 to 1950, $13,000 in. 1951 to
basis of about 1.147%. Dated May
local banks, as 2s, was $195,000,
bridge refunding bonds, Nos. 30 to
1953, $14,000 in 1954 to 1956, $15,- 15,
not $150,000 as was stated in v.
1946. Denomination
$1,000.
34, dated June 1, 1941.
Interest 000 in 1957 to 1959, $16,000 in 1960
These bonds are due $5,000 May
3-63, p. 2493. The county sold the ceases on date called.
and 1961, as l3As, $67,000 matur¬
bonds at a price of par and they
15, 1947 to, 1961.
ing April 1, $16,000 in 1962, $17,Calloway County
• C i
mature Dec. 1, as follows: $5,000
Maiden, Mass.
000 in 1963 to 1965, as IV2S, and
Murray), Ky.
in 1946; $15,000 from 1947 to 1958
Bond Call—W. L. Knuckles,
Note Sale—The issue of $500,000
Jr., $19,000 maturing April 1, 1966, as
incl., and $10,000 in 1959. • /
State Local Finance Officer, calls i^s. Interest A-O*
notes offered May 7 was awarded
Cedar Rapids, Iowa -liv
for payment on June 1, road and
to the Maiden Trust Co., Maiden,
MAINE
at 0.46% discount. Dated May 7,
I Bond Offering—It is stated by bridge bonds Nos. 26 to 30, dated
March
1946 and due $250,000 on Nov. 19,
Walter E. Miller, City Treasurer,
1, .1941, at the'Citizens
Auburn, Me.
^ •
Notes Offered—Bids were re-' 1946, and on Jan. 21, 1947.
that he will receive both sealed Fidelity Bank & Trust Co., Louis¬
The
hbr .& Co., bidding 100,27; for
Township Fractional
School District Na. 6 (P. O.
„
•^-were awarded to Fox, Reusch &
;
<
election $130,000
surface
drainage and
sewer bonds. Due $13,000 on
will be r
April 1 from 1947 to 1956 incl.
asked to authorize any issue of
An issue of $60,000 swimming pool
Wright Township School Town-'
120,000 deficiency bonds. Due
bonds was favorably voted at the $750,000 sewage bonds.
ship (P. O. Midland), Incl.
$24,000 on April 1 from 1947
election held on April 2. At the
Lincoln Parish School Districts
to
1951 inclusive.
Bond Sale—The $10,000 build¬ same time the $60,000 airport
>•
(P. O. Ruston). La. ;r
;
ing improvement bonds offered bonds were defeated.
80,000 macadam pavements
;
BondOffering
The -Super?
for sale on May 3—v. 163, p. 2345
bonds,^Btte$16,000 UhApHl 1
intendent of the Parish School
City.
t'i.v i
.43%;
election to be Jheld
i certified check; for,$500; payable
to the
''"
amounting to $817,000 will the fcvenfc^ihat>prlo#tofelhet;fdelhr^
at *the- ery-of the above-described secur¬ ^;,Wipe!iest
ch Ttme^
ities, there is any Federal legisla¬ >;^^t^Sal^'^-The'?^7^0OO ■ tim*;.'.
sue of $4,1506 athletic field bonds;
$2083)00 street improvement and tion enacted affecting their tax porary notes offered for sale -en '
i^ ATew Providence, Iowa
construction bonds. :
"' f ?
status, the successful bidder may, May 9
163, p; 2494 ^ were }
Bonds "Sold,-'— The ; following
Ifitb^OOO water mains and lines at his election, be relieved of his awarded to the Second National •
water system construction bonds
obligation to- purchase the secur- Bank, of Boston, at a rate of
bonds.
;
J..
amounting to $18,000 have been
0.427%; Dated May 1, 1946. These •
300,000 sewers and sewage dis¬ ities,' in which event the f deposit
sold:
accompanying his .bid will ! be jre* notes arre due om Nov. 15,1946. *.
;
- / < y «
.
" ' "
posal plant bonds. ;
turned: Enclose a certified check The next highest :hidder?
the '
$12,000 revenue bonds.
45,000 public library bonds.
for 2% of the par value of the Merchants National Bank/Boston, I.
6,000 general obligation bonds.
60,000 fire stations bonds.
bonds, payable to the Mayor and at a rate of 0.43%/ /
; Vi
24,000
various
improvements
t vThe^ ab0,ye^ b®nd$ ;w<we--/-authpr;-City Council.
bonds.
V
izedat the electionheldon Feb. 14.
f Bonds
tion the voters
No conditional
bids will be considered.
,
■
—
This on
apolis, ;approvin£ the legality of election held on
May 24 voters will consider an
said bonds Will be furnished to issue will be resubmitted to the
issue' of $750,000 school construe*
the successful bidder at the ex^ Voters in the near future*
tion bonds.
pehse of the City.
*
.43% )
r
QofAnrl
TVatinrtal
Rank
nf
Rnstnn.
i
,
i Bond
-
.Denom.' $1,000" Due $6,000
1947 to 1951'incL
Principal and interest (M-S) pay^
sjble' atithe^^ National Bankipf YTy-* J
andotte:^ RateSfit-^inferest Hn'-be;;
expressed in. a multiple of % -of :♦
1,946.
tin March 1 from
an*!vy
I %. " The School
^District is •"
thorized : and required by Iawi,to .-
levy upon all the taxable property
therein such ad valorem taxes as
may
and
^
f
be necessary to pay the bonds %
interest thereon, within the
prescribed by Section
X, - .of .v the Michigan
Constitution - and
the Michigan
limitation
21,
Article
Property Tax Limitation Act. The
District authorized an increase in
the tax limitation to 2.4%' of assessed: valuation
for " the
years
^
*
•
•
•
,Y
1631? N umber: 4489
.1946 to
.1950^.i^tb
inclusive at
v
election held April 8, 1946.
t
/ffHE/COMMERCIAB^F^^
were
an
shall be conditioned
upon the unopinion of purchaser's
attorney, approving the legality of
the bonds.
The cost of such opinion-and of vihe printing the bonds
shall be paid b,y the purchaser.
Enclose a certified check for 2%
.
:
-
*
of- the par value, of the
bonds, payable to the District Treasurer.
Ly Erin
able M-N..
.
"
Townships FracSch. Dist. No. 5 (P. O.
Fraser), Mich.
R. R, No. 6, Kalamazoo), Mich.'.
Bond Offering-r-Paul Romence,
.
.
tterest, various numbered 1941
Scoft
&
Barber,
will be furnished. Enclose
a
certi¬
by the Board of Regents of the fied check for $1,750,. payable; to
University,
a
body
corporate the District Treasurer.
created by the State Constitution
Red Wing Special School
.and vested with the authority to
District, Minn.
operate the University. The au¬
Bonds Voted—At an election on
thority of the/ Regents of the
April 22 the voters authorized an
University, to issue bonds for issue of
$700,000 school buiding
Dormitory purposes has been ap¬
bonds.
proved by the Attorney-General
;<Traverse County (P. O,
of the State:
Said bonds, in the
Wheaton), Minn.
opinion of counsel, will, be yalid
Bond Sale—The $44,000 Judicial
and
binding obligations of the
Regents of the University, payable Ditch No. 16 drainage bonds of¬
fered for sale on March 7 were
from the
net operating income
derived
for
the
operation
of awarded to Paine, Webber, Jack¬
dormitories already in existence. son & Curtis, of Chicago, as Is,
at a price of 100.285, a basis of
The
payment of this issue
of
;
bonds, the interest thereon, and about 0.954%.
;
„■
school bonds. Dated. April i,
Denomination
$1,000. Due
April 1, as follows: $15,000 in 1947
and 1948; $20,000 in 1949, and
the creation and maintenance of
Westhrook, Minn.
$25,000 in 1950 and. 195b Bonds the prescribed reserves, will, be*
Bond Sale
The $30,000 semi-,
maturing In 1951 are optional on secured by a first lien on the net
annual road and bridge bonds of¬
April 1, 1950. Prifibibal land in¬ operating income of these build¬
fered for sale on May 6—v. 163, p.
terest (A-O) payable at the First
ings. Net operating income will 2346— were awarded to E. J.
National Bank & Trust Co., Kala¬ be defined in the Trust
Agreement Presscott & Co. of
Minneapolis,
mazoo.
Rate of interest to
be as all the income derived from the
as 1.30s, at a price of
100.586, a
expressed in a multiple of % of operation of the above designated
basis of about 1.22%. Dated May
1 %.
TWs > issue
was
originally; dormitories, after deducting from
6, 1946. Due $2,000 from July 1,
scheduled to be sold oh May 6.— the
?aggregate thereof the actual 1947 to 1961, inclusive. Second
v. 163,'p. 2494.
expenses for operation; adminishighest bid
was
submitted
by
re-
pon
funding bonds, dated Nov. 1, 1941
1946.
and due Dec.
1,1967. Bonds should
*;be. presented for payment to the
-Detroit Trust Co., Detroit.
—
'.-Harrison
Township (P. O. Mount
Clemens), Mich.
Vt Bond
Offering
—
Ralph
E.
:
Beaufait, Township Clerk, will receive sealed
:
bids until 7:30
p.m.
May 13 for the purchase of the
following
water
coupon
bonds
1 amounting to
$28,900, not exceedg ing 5% interest;.
•
-on
.
'
-
16,450 Spec.. AssmtrDist. No. 10
-
W ^
bonds.
Due $4,000
June IV
1948 to 1951, and $450 May I,;
f
Igfe
•"
-•
•
4^ation;dnsureace,? ordinary main-,
J.
tenanqe-ai^ordinary repairs to
1/ntokrsity
Htc^gdh (P. Q.
Ann Jkrbor)*
100.503
building and equip¬
dicate composed • of the* First of.
ment reserves it is estimated that
Michigan Corp., of Detroit,. the the
remaining net income will be
9
foohds^, Due..$4;00U
as
2V4%
electric
■
approved
bonds has been
:?to V legality
by /Charles /•&;
Trauernicht, of St. Louis. These
bonds are dated April 1, 1946.
/
MISSOURI
j
Audrain{County (P. 'O, v/;;
Mexico), Mo.
$4
-r The $500,000 semigffered /
for sale on May 7—v. 163, p. 2207
Bond Sale
ahnual court house bonds
awarded to G. H. Walker
—were
& Co.
of St. Louis,
100.921,
about
at a price of
interest cost 'of
net
a
on the issue divided,
$125,000 as 4s, due
from March 1. 1947 to
1.11%,
as/: follows:
$25,000
1951; the remaining $375,000 as Is,
$25,000 from March 1. 1952
1966, inclusive.
'
' ' Z'
due
to
Second best bid
was
offer of
an
100.78 by th^ Harris/Trust & Sav-
;
ings Bank of Chicago, for $125,000'Mp.
as 4s, and $375,000 as
Is, giving
a net interest cost of about. 1.12%
Missouri (State of)
Decision Upholds
Court
Revenue
Opinion
Bond
Loca(
Financing —An.
handed
April
down
30
&
«
lowance ifor
June -1, First Boston ,Cbr$v^ew;VXb^k^
sufficient to retire all bonds at or
;.
1948, $3;000 June 1, 1949 and Watlin^ .Xertdi^ ; ^ Co.V'De^-'
jprior^to vinaturity. Legality ap-/
mks- 1950, $2,OOOUftme 1, 1951,^and troit:
^ CPv proved by Wood
Hoffman, King &
'K|$450 May 1,. 1952U. • ^r: Inc., Toledo, Harris, Hall &
Dated June 1, 1946. Denomina- Co., Chicago, McDonald-Moore &
Underwriters, and Burke, Burke
;* tions $1,000
and $450. Principal CO.*Vand; Miller^^eimy^^^kiv
bbtli of Detrpit^J^ur^^^bbeiv
r i ?and interest; p^able^ -at; ihe F
Regents of- the University;
'
/ National' Bank, Mount ; Cl6haiehi; Jackson & Curtis, of J^hicago,' H;
Rate ofInterest to be in multiples V. Sattley & fCo:;: Detroit; Mil¬
;.iS(iun!nDiRWK^
J-4
"a&lfcof: t%r Ther-bdnds are issued waukee Co. of Milwaukee,sDono■"^'Ada, Minn. y>;■
•' CO.V ^Xansing,
'/■I pursuant/to:the provisions of Act van; Gilbert - A
•
$125,000 T% " and
revenue
Co.3 an. offer of by the Missouri Supreme Court/;
cleared the way for/Missouri citfe^
for 1.30% bonds.
to vote revenue, bonds under/the
West Unien, Minn.
State's
new
constitution
'for
M, Bain
bulldibi^and.equ
Bond Publicly Offered—A syn¬
-
yy.:;..
1952.
12,450 Spec- Assmt. Dist. No.
*
-.
\
Oxford, Miss.
•
*
Legality Approved—An issue of
of Minneapolis,
.
District
Secretary, will receive
.Bond Call—The district has is- sealed bids until 7
p.m. (CST) on
sued a call for payment on June May 13 for the purchase of $100,lr 1946, at par and accrued bi¬ 000 not to exceed 3% interest cou¬
;
.
•
(J—d) opinion of Dorsey, Colman, Barker,
interest
payable at the Detroit Trust Co;,
Detroit;^These.a bondSf-./are^lssued
Portage Township Sch. Dist. (P. O.;
and Lake
tional
',
Principal, and
Co., of Detfbitr, at • a prjce of
100.022, 'a' net* interest ;c6st^ of
about 1.94% j as follows: "$12,000
maturing $2,000 May 1, from 1947
to 1952 as 2s, and $4,000 maturing
$2,000 May 1, 1953 and 1954 at
1%%. Dated May 1, 1946. De¬
nomination $1,000. Interest pay¬
qualified
;
awdrded to McDonald-Moore
&
Bids
263 r
Bond
and
Offering
bids
oral
—
will
Both sealed
be received
until 4 p.m. on May 17, by H. J.
financing
'
chase of $25,000 1 V'i % coupon road
and bridge
bonds. Denominations
$1,000
$500.
1946.
and
Due
on
Dated
Jan.
15
June
I,
follows:
as
$1,500 in 1948 to 1957, and $2,000
in 1958 to 1962. Principal and in¬
terest. (J-J) payable at any suit¬
able
bank
or
trust
company
';:y-V ;
.
.
Written by Judge C. A.
.
ROth, ToWrt Clerk, for the pur¬
municipally-owned
utilities.
Reedy#
;
Jr.; the court's unanimous en banc
opinion held "that the section bf",
the State constitution authorizing"
incorporated cities, towns and vil-f
lages
to
issue
utility
revenue
bonds by a four-sevenths majority,
vote is self-enforcing and needst
no legislative action to implement
it.
•
;
.
designated by the purchaser. The,
The court further held that rey-* >
opinion
of
Dorsey,, enue bonds retired from the
pro-*,
Colman, Barkef, Scott & Barber ebeds of : the;
pfoperty /operateci I
Ch,ciuse^;;:As;^"GO.v;^^Detrbifrfe^€t: ^if®Wa49«Voted---An issue of $15,^Nd, 118^Pubbc?Acts <)t Michigan1 E.XC Schneider ^,
approving
Co;,^ of D06 :>?recreation and playground
■Vfbr 1923,
amendments
thereto/
/and-the interest .therebh
/
able" solely' from the
*
sessments
'
.
principal of said bprids Kalamazoo,^ recently
the
■
levied
are pay-
special
for
$5,000,000
the
lows*
;
produces-ihe< lowest interest cost
to the Township after deducting
.-the, premium offered, if^anyr-tfii
." determining, the net Jthterest cbsti
r
on premium will hot "be
fcbnsidefCd^deductible and interest on bonds will be computed
>; frpm June^ l, 1946, to Jhei respect
.V ti ve maturity dates. Bids shall be
:
dock & Stone^ of Detroit, appfov-
ihg the legality of the. bonds. The
:/fcost of such opinioh shall>be ;paid
,
by the Township/ The purchaser
*
shall pay the cost of printing the
bonds. Enclose a certified check
for
I:
2%
of
the
Treasurer.
-
*
value
par
bonds, payable to
■
'
the
of
the
Township
'
Mclvindale,
Mich.
^Tenders Wanted-^-Irene Coogan,
V City" Clerk, will receive sealed
4 tenders until 7:30 p.m. (EST) on
r"
%May.
for^fhe
'•••
Due ^$84,000$85^
000
June and /pec. 1,
$86,000 June and Dec/ 1, 1948,
000 Dec.
j
1, 1950, $89,000 June.
rVand
;
,
$90^)0(1 Dec.J/X951V$90,000 June ^hd $9.1vQO0;DCc. 1,,
1952, /and $91,000 June and
.;
'
Mt.'Clemens,' Mich.
'Bond Offering
report
"
*
>
Scheduled—The
a
on
proposed
bond; sale of major size by the
city is taken from the ri)e;-
above
....
,■
y
,
...
Fergus.'Fa,
will kfurnish
.
1.'Series A bonds may be re¬
Co., and Milwaukee Co., Milwau¬
kee, jointly, for iy4S, at price of
tired by call by lot before bonds
of any other series may be retired.
After all series A bonds
100.229|£/Jg£;/:-::':
are
Otto
Township
(P. O. New
York
•'
*
.s,,
-
^
-
■
said
issue
i
legal notice of intention to
the bonds has been given
and that
several firms have
nif fed interest in them.
' He
.
believes
that
a
§
favorable
*
rhit<
-
;■
f
..
a
,
favorable inter-
-
■■■
.
j-
obtaining
est* rate.
j-'
.
y
%:;■
Oakland Township Sch. Hist.
No. 2 (P. O. R. No. 2), Mich.
-
*;
Bond Sale—The $16,000 refunding of 1946 bonds offered for sale
on
April ";30—v.
163,
p.
Pope County In dep. Sch, Dist.
8 (P. O. Glenwood), Minn.
|y Bond Offering—E, L. Haldorson,
Districi Clerk, will receive sealed
bids until 11:30 a.m. on May 10 for<
of.
Dee.
'/■ duction bf^itS ; water -bond debt,/
and the fact that- the proposed,
-r Issue will be backed
by revenues
-r direct from
sewer rates will per?
:
Redemption prices shall be as
series A and.;B bonds:
1; 1946 to and including June
1, 1956, at 100.50, pec;A,. 1956 to
and including. • Juhe^; 1;„" 1961, at
300.25, Dec. 1, 1961 and thereafter
prior to maturity at par. -Serial
bonds: June 1,1948 to and includ¬
ing June 1, 1951, at 102.00, Dec. 1,
1951 to and including June 1,1956,
at 101.50, Dec. 1, 1956 to and in¬
cluding June 1, 1961, at 101.00,
Dec.
sig-
bond market, the city's steady re-
■■■
numerical order.
follows:
1, 1961 to and including June
1, 1963, at 100.50, and thereafter
prior to maturity, at par, plus in
each case/interest accumulated to
2346— date of redemption.
levied need
taxes
*
,
,
;
■
the
printed Chicksaw County Supervisors Dist.
&
1%%* Dprmitory bonds. bonds and the approving opinion
No. 2 (P. O. Houston), Miss.
Due $92,000 June and.$93,000 of Dell <&>
Bond Safe—The $75,000 indus¬
Rosengren, of Fergus
Dec. 1; 1954, $94,000 June and
trial plant bonds offered May 6
Falls. Enclose a certified check
$95,000 Dec. 1, 1955, $95,000 for 3% of the par value of the were awarded to a group which
June and $97,000 Dec. 1, 1956,
bonds,
payable
to
thq Town included the Bank of Houston,
$96,000 June and $98,000 Dec, Treasurer.
and the Houston State Bank, as 2s,
4/.;^
1, 1957, and $98,000 June and
at a price of 100.01, a basis of
Lynn Couniy indep. Sch. Hist No. 8 about 1.99%. Dated Oct.
$99,000 Dec, 1, J958.:
;
1, 1945,
Marshall), Mfan* / \
Denomination $500.
508,000 1%% Dormitory bonds.
Due Oct. 1,
BonJ Sate—The $450,000 build¬ as follows:
Due $100,000 June and $101/$1,500 in 1946 to 1950,
000 Dec. 1,1959, $101,000 June ing bonds, offered for sale or May $3,000 in 1951 to 1960, $3,500 in
and $103,000 Dec. 1, 1960, and 8—v. 163, p. 2495—were awarded
1961, $4,000 in 1962, $3,500 in
.to a syndicate composed of the
$103,000 June 1,1961. - ^
1963, $4,000 in 1964, $3,500 in 1965,
?
C. S. Ashmun Co., of Minneapolis, $4,000 in 1966, $3,500 in 1967, $4,000
500,008 1% % Dormitory series
Park-Shaughnesay & Co., First in 1968, $3,500 in 1959, and $4,000
^ i
A, bonds. Due June 1, 1962.
National Bank, both of St. -Paul/ in 1970.
Bonds maturing in 1956
l;7f3,000 2% vDormitory series and" the First National Bank,, of and^
thereafter -may be^called in
;
B, bonds. Due June 1, 1967.
Minneapolis, as l%s, at a price of paid or redeemed on Oct. 1,1955/
Dated June 1, 1946.
Denom. 100.36, a basis of about 1.22%. or on any interest payment date
$1,000. Said bonds are subject to Dated May 1, 1946. Denom. $1,000. thereafter at par and accrued in¬
redemption, in advance of m^tyri- These bonds are due on May 1, terest in inverse numerical order.
ty in the. folio wing; order, on 30 from 1940 to 1971. The next high¬ These bonds are offered subject to
days' notice:
est bidder-was Halsey, Stuart & approval of the legality thereof
2.
not from
and
Medicine
*
Town
w'
retired, series B bonds may be
•"»Mills), Minn.
bonds to finathce;a municipalsew- retired by call by,lot.
Bonds Voted -7-:, An issue of
3., After all series/ A /arid series
-age" disposal plant and interceptor
$10,000 road grading and snow re¬
B bonds are retired; serial
drains.
>.
1
bbnd^ moval equipment bonds was au¬
I, Joseph H. Matthews, City Clerk, may be retired by call in inverse
thorized ait a recent election.
:
Yellow
.
$93,000 Dec. 1, 1953.
I Mri Clemens; will; ask for bids
June S on $800,000 of revenue
*
pi Mihn^i^b^/Wiil be furnished,
County Consoli- not be degistered with the State
auditor. Validity of bonds so is4
,: dated Sck. Dist* No* 30 (P. O.
'-JiMinn. s
sued, the court pointed put, can
Canby), Minn, j :
j
Offering—Sealed bids will
Bond Offerings —
Charles. S. be; established ^through dhe issu^
bexreceivedruntil 1 p.m. on May
James, District Clerk^wiU receive ance of a pro forma decree in the
14, by^ Helrher Draxten, r;Town sealed bids until 1 p. m. (CST) on i Circuit. Court,; as/ provided
byj
Clerk, for the purchase of $16,000 May 14 for the purchase of $275,- statute.
".«,
",rJ
2^"%^-road bonds. Denomination 000 not
Several Missouri .municipalities
fci;>exceed 2 % cMterest:
$1,000." Dated May 1, 1946. Inter¬ building bcmd&Thesebcmdswcrie were
reported to be preparing to
est payable M-N. Due May 1, as
originally effe^ed on April 30, ; t ■ hold elections for the issuance of,
follows: $2,000 in 1948 to
1953,
utility revenue bonds^ :but h^d
•
.
^Wficates of; lndebte<mess. Offerings
11-should remain firm for two dayf.
following
favorably voted^at the
on April 23.
."'-j'
1^1948, $88^MK1 June-ahd$89;r
.
t conditioned upon the -'unqualified
j: opinion of Miller; CanfieId, Pad-
was
election held,
-;i>
$87,000 June and $88/d00rDec.
/
J Interest
"
bonds
fol¬
$1,322,000 1 V\ %-> Dormitory bonds.
retire-
awarded to the bidder whose bid,
^
as
O.
'
'
bonds,
-as-
•'ment thereof. The bonds shall be
:
revenue
purchased
No.
the purchase
in 1960 to 1962. Rate of interest to
all
multiples of V\ or one-tenth
1%,-and must be the same for
of the bonds. Principal and in¬
terest
^payable : at
any
suitable
in
'
i
The opinion was handed down
a suit brought by the City of
Fulton
to
compel
State Auditor
Forrest Smith to register an issue
of
$2Q0,00Q in /irevenub bondd
last December., under au-,
thority of the new State constitu-tion.. Mr. Smith had refused to,
register the bonds on the conten¬
tion that the authorizing sectidn.
voted
of
the
new
constitution
not
Was
self
enforcing and that ,the Legis7
lature had not enacted any law:
to effectuate it.
Although
Mr.
Smith's
pretation,
.
;
»
•
the
it
court overruled;
constitutional, inter¬
refused
to issue
a
write of mandamus.to compel him
to register the bonds. .The court
pointed out that section^ of th^
State laws providing for bond reg-J
istration
apply only
to bonds
by Charles & Trauernicht, of St,
retired from the proceeds of taxes
I>ouis, whose fee is to be paid by
and that there is no necessity
the purchaser. The costs of print¬
fop
the registration of. revenue bonds» :
ing the bonds are also to be; pfyd
the validity of which, can be es¬
by the purchaser.
tablished
by action in Circuit
Harrison County, Orange Grove
Court.
\
Cons. SchDist. (P+O, Gnlf»
Missouri's
new
constitutional
port), Miss.
provision
authorizing
revenue
Bond Offering—It is stated by
bonds was hotly contested in the
Cooper J. Darby, Chancery Court Constitutional
Convention. Under
Clerk, that he will receive sealed
the State's former basic law, the
bids until 11 a.m, (CST), on May
issuance
of revenue bonds Lor
14, for the purchase of $35,000
utility purposes was limited/' to
school bonds.; Interest rate is not
cities of more than 75,000 populato exceed 6%, payable J-D. De¬
tion. - '
'
•••;..*- '
• .*
-X:
nomination $1,000. Dated June 1,
,
of $85,000 building
bonds; not exceeding 2% interest. 1946. Due on June 1 as follows:
Dated May 1, 1946. Denomination
$2,000 in 1947 and 1948; $3,000,
$1,000. Due May 1, as follows: 1949 and 1950, and $5,000 in 1951
$5,000 in 1949 to 1959, and $10,000 to 1955. A
$700 certified check
be in
deferred action pending'the outf;
come of the case just decided by
the State Supreme Court.
must accompany the
y
Kosciusko Sch^
Bond
$283,000
bid.
An
construction
issue
bonds
of
will
be submitted to the voters at the
by the purchaser/ The approving
election to be held
on
4 Bonds Voted—An issue of $700,000 sewage treatment
were
plant bond^
favorably voted at the elec¬
; v
bank or:trust company designated
May 21.
'Billings. Mont.
':
■,
tion held
Dist., Miss*
Election*—
•
-on
May 6,
•
i
Shelby, Mont.
Bonds
Voted
-—
An
issue
of
$127,000 sewer and water bonds
was favorably voted
at the elec¬
tion held on April 27. ,y.
>-/ J
,
.
'
(P. O. :•••
Billings), Maht&"'\ '
*
•'"i*'.""-X-/
Election—
Bond
issue
An
Bonds Voted—At an 'election on
of
$820,000 court house bonds will be
submitted
the
to
voters
the
at
election to be he.d in November.
April; 23 the voters authorized an
$50,000 American Legion
building purchase bonds.
:
issue- of
Coffin & Burr>
For .$498,000.
jointly;'
and sold
Bernalillo County
100.13
Salomon Bros. &
For
^
f *"v
'
.
Hutzler,
;
$498.000—--——100.10
pursuant- to. the- Local
of acquire
ing land and constnictmg„ an elP J
mentary -school building on; thq
north side of * the Court V Street-*
\'Albuquerqiie)f N; Mex, '
iSonds Voted—At an election
April 23 the voters authorized
Collamer
issue of $295,800 bonds to pay
an
Law for purpose
nance
(P. O.;
on
said" District,
Road; in
The: statutory
authority for thei
to spend money for thp ac¬
Reno, Nev.
districts./L.L' Lv
■:
quisition, of said: land and. theBond Approval Pending—Final
City Bond Issue Involved in
construction, of said... building is
Carlsbad Sch. Dist. (P. O.
'
Suit -—The; - Reno
"Gazette" of reading and a public hearing will
the. Education. Law. In thie. event;
Corirlsbad); Nt' Mejt.'^
April 23 carried the following be held on May 24 on an ordi¬
■' that prior to the delivery of the
nance calling for the issuance of
news itemf
'
r
~
Bond Eleetion—The issuance of
bonds the income received by pri*
Instituted to settle a legal ques¬ $23,000 not to exceed 6% bonds $695,000 improvement bonds will
vate holders from ; the. bonds; df
tion of the city's authority to issue for the enlargement and exten¬ he submitted to the voters at an
I the same type and character shall
bonds repayable over a 20 year sion. of the local water supply election scheduled for May 14.
j be * taxable by the- terms'1 of • any
period, suit against Rend and its systeni^xL;"X?;LL';LL
I Federal income tax law, the suc¬
Cimarron; N. Me:x.
mayor and city council was filed
Seaside Park, N. J.
cessful bidder may, at his election,
in the district court Monday by
To Issue Bonds—An issue of
Bond Offering—Sealed bids will
be relieved of his obligations un¬
the
Western
Realty
company,
$25,000 bonds is scheduled to be der the contract to
be received until 8 p.m. (DST), on
purchase the
builders of Westfield village.
sold, the loan having been author¬
bonds, and in such case the de¬
The realty company asks that "May 17, by William HXBiprdgf ized at an election held recently.
Borough Clerk, for the purchase
posit accompanying his bid will
the court declard invalid recent
of $25,000 coupon or registered
be returned. The period of prob¬
Luna County, Deming Sch. Dist.
moves of the city council to issue
water system improvement bonds.
able usefulness of the object ot,
and sell $82,000 worth of bonds
(P. O. Deming), N. Mex.
Interest ratojs not to exceed 6%,
Bond
Voted
An
issue
of purpose for which the indebted¬
for
the
installation
of sewers,
ness
is to be contracted is 20
storm drains and paving in the payable J-D. Denomination $1,000. $200,000 improvement bonds was
Dated' - June 1, 1946. Due $1,000
years.
The approving opinion of
Westfield village.
favorably voted at the election
from1 jiihb 1, 1947 to 1971;xRate of
Hawkins,-Delafield & Wood, of
held on May |>
Municipal and State laws vary
>"
New York City, will be furnished
interest to be in multiples of 4 %
on the point of the length of time
to the purchaser without cost. En¬
Maxwell, N. Mex.
over
which such bonds may be or one-tenth of 1%, and must be
'
..
.
Q.
Tow
Saddle River
NEBRASKA
Monday,'May 13, 1944
Kiddery.Peabody&.j^.;ah^
if" \&Plati*mouthz$mU&t*>: i
Yellowstone County
-'V
ITHEICOMMERCIAL; & FINANCIAL CHRONICLE
•yVti
r 2632
J. '-.J,.
N.
Saddle. River),
for
improvements. in four school
power
•
-
"Bdnd
Election—1 An
issue
revenue bonds
will be submitted
to' the voters at the primary
>
tiori to be held
.
elec-
June 11.
on
Creighton, .Neb.--
:
.
of
waiter, - softening - plant
-$275,000
•
|
Neb. \
Columbus,
Bonds Voted—An issue of $12,-
OOOL airport' bonds
at
April 23.
'
,
favorably
held
X
on
.
J^ajkota County {P. O. Dakota '
City), Neb.
Bonds. Sold—Ah issue of $1,-
:$0O|COQi;i%
;
was
election
the
voted
eniie bonds
was
purchased recent-
&. tjyl Stranahan, Harris ;& Co.,
t
of Toledo, and the 1 Wachob:
Bender Corp., Of Omaha-, jointly.
Dated'.June i, 1946. Denomina¬
tion $1,000.. Due $100,000 June 1,
>
•
1947 to 1956. Redeemable prior to
maturity,
the option of the
County, as follows: As a whole,
oh any interest payment date on
X
:
at
pr^after June. 1, 1948, at J03.50,
■
'
anct
accrued
interest
Bonds ma-
fiirm'g 1952 and thereafter shall
.
'
also
be .'subject to
redemption on
any' interest payment date on or
^fterj June 1, 1948; as a whole, or
i
'part, through the operation of
^ci : Sinkmg Fund; in their direct
order of maturity,' and by lot
ih
within
a^maturity,. at: 192,08, and
Said: bonds will
accrued interest.
bear
I;
interest at
2Vfe%, until June
1947,. and thereafter and until
Juhe, ,1, 1948, at 2 %.
!
!
the bonds; at
bonds, but interest on the bonds
in excess of 1 %, will be evidenced
v
i
■
The interest
1%,'will be .evi-,
denced by interest coupons attachech to and delivered with the
oir
•
and
and
by separate interest coupons
will not accompany: toe bonds
do hot
_
.
.
—
.
and pursuant to the Laws of the
State, particularly Chapter 87, of
the : Session
Laws of 1935, as
amended, and resolutions duly
adopted by the Board of County
.Commissioners, for the purpose
of" refunding an equal: aggregate:
hmqurt
of
callable
refunding
bridge revenue bonds-' of the
County heretofore issued and pay¬
able from the revenu^s'derived
all
for
same
bonds.
the
of
Principal and interest payable at
the
First
v. X
the
Is, a net interest cost
bonds
of
the
same > type -^and
of about 1.145%, was rejected as
character shall be taxable by the
being incomplete. v...s
as
.
terms of any
NEW JERSEY
N
Hasbrouck Heights^ N. J.
Bond
Ordinance
Borough
Council
Passed —The
April
on
IT,
passed an ordinance galling for an
issue of $8,QO0>,. street u ^teaning
equipment boii^s.
'uLW;:u:L
County (P. O. Free-'
Monmouth
Federal income tax
law, the successful bidder may, at
his election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case the deposit accompanying his
bid will
'^^e, rmutned..T^e toccessr;
the opinion of
Hawkins, Delafield
-
of
Board: of
Commis¬
for
payment on June 1, 1946, of $105,000
bridge
revenue
refunding
bonds, Nos* 101 to 205, due June
1, 1957. The bonds, with Dec, 1,
the
announces
call
1946 and subsequent coupons at¬
tached, will be redeemed at par
offers received were the following:
National City Bank,
New York, and
For
Fidelity Union Trust Co.,
Newark, jointly,
For $498,000
—100.021
For
1.10% Bonds
B. J. Van Ingen & Co.,
E. H. Rollins & Sons, and
,
Since
First
Interest
Stroud &
1,
1946, should be presented for col¬
lection in the usual
State of New Mexico, the
Bonds
000 -fire-
Voted—An
issue
of $5,-
fighting equipment
chase bonds
was
100.189
pur¬
John -C; Clark &
at the election held oh April 9, k
;•
v
jointly,
the
1
Santa
Fe
tural
Railroad,
Newark
,
^—*100,147
;> _ _ _l _ - _ - - J—100.02
Minsch, Monell & Co.;
;; L
jointly
-w—^
L-.-100.01
.
-
machinery and equipment; an¬
five-year bond of $100,000
for road- ;I improvements in
the
other
residential
and
area;
10-yeari
a
bond
of; $184,000 for road im-*
provements;
^^
^
was notified by ViVClerk Lael Yon. Elm that
taking the recently adopted budg¬
et as a "standard," the village will
have $533,640 available at the end
of a 10 year period for the retire¬
ment of bonds without increasing
The Board
lage
the taxes.
,i;:v
'
Lancaster
and
Cheektowaga
•
Common School District No. 4' J;
'
*'
"
(P. O, Lancaster), N. Y.
Bond
Sale—The $150,000 semi¬
Price Bid
Bidder
Marine Trust
NEW YORK
R. D. White &
No, 3 (P.O. De Witt), N. Y.
Bond
Lola
Offering—It is stated by
Carpenter,
District
Clerk,
will receive sealed bids
that she
& Deposit Build¬
Co., jointlyll00.48
100.47
L
Sherwood & Co., jointly.._100.34
Halsey, Stuart & Co._C. F. Childs & Co., and
-
100.20
Roosevelt & Cross.
at the Jaw offices
of Hiscock,
Cowie, Bruce, Lee & Mawhinney,
300 First Trust
Co.,
Buffalo, and
De Witt Common Sch* Dist.
For
VA% Bonds
'
C. J. Devine & Co., and
ing, Syracuse, N. Y., until 2 p.m.
(DST), on June 4, for the pur¬
chase of $90,000 coupon or reg¬
istered
school
bonds.
Interest
Tilney & Co., jqiiitly..,..—^.100.43
4%, payable
J-J, Denomination $1,000. Dated
July 1, 1946., Due on July 1 as
follows: $4,000 in 1947 to 1956,
and $5,000 in j95T ,to 1966. Rate
of interest tp be?rin;Jnultiples of
be asked next
rate is not to exceed
V\
onp-tenth of
or
Syracuse;
i%, and must
jThe; b°n<^s will be de¬
at. ihe office of
the succesful
bidder or at the option of
t^succes^l bidder ; at the of¬
livered
about
in
Delafield
Hawkins,
July 1,
which
1946.
The
&
on or
bonds
and legally binding
will
bonds
without
cr
be
with¬
the
subject to
Niagara Falls, N. Y.
To Issue Bonds—Sealed bids
off
month
on an
will
issue
bonds to be
^mature on
.1, as follows: $3^,000 from
to 1961 inclusive, and $27,-
$489,000
sewer
,
dated July 1, 1946 and
Jan.
1948
000 in 1962.
Port of New York
Authority, N. Y»
Bond Redemption ♦ Nritlce-^-It
:i3
Chairman Howard S.
Cullman that the Authority has
elected to redeem on June 15^
stated
by
.
general and refunding bonds, 3%
Fourth Series, dated Dec. 15, 1936,
Dec. 15, 1976. to the
$1,501,000, at 102% of
their face value, plus accrued in¬
terest
to
June
15,
1946. r Said
bonds have been drawer,by < lot
maturing
on
amount of
-
for
redemption.
Said'redemption
price will be paid upon the sur¬
render of said bonds at the Chase
National Bank, New York City.,
ad valorem taxes to pay
and interest thereon
the limitation as tp rate paying agent, with all
amount. Said bonds are issued c o u p o n a % attached,
levy of
said
L. Allen & Co., and
for
*
all the taxable real property
~
will be
fiye^ypar^^^ bond^for;^$60Jk)& ^
The bond issues adopted
one
1.40% Bonds
District.
jointly._--—100.08 general obligations of the District,
'
$344,000. were
and urban and agricul¬ Weto tod foUoWu^: ^
real property-within the
For
will be valid
-
issues aggregating
approved by* the Village Board afc
a meeting Lpit April 23.
utilities,
fice -of
,
*
bond
City of Tldsive.^ Second ' best ibid; was an
offer bf>DJHriRollins & Sons, a
bid of'■ iOO.492 T for^ 1.40%KDctodS;
various Among the other bids received
—100.13 Wood, of New York. City,
Fidelity Union Trust Co.,
L ;•
*•
Cp^x xx '.AM'- H.
/ :: r; 7
Fori $498,000
National State Bank,
Newark and
Coffin & Burr,
Charles Clark & Co., :
H. L. Allen & Co;, and
favorably voted
and
Tripp & Co., jointly
Hempstead, N. Y.
Bonds 'Authorized—J?hree
and A other- pubiib
corporations within the District,
Albuquerque
100.06
Laidlaw & Co.,
1
National State Bank,
Newark,
J. S. Ripple & Co.,
manner.
Lx'-t Overton, Neb.
;
Boston'Corp., and
Co., jointly,
$498,000
For
to
;.
-
be the same for all of the bonds;
^
the District.
of
approximately annual building bonds offered for
other in¬ sale on May 6-~v. 163, p. 2347—
been
retired, were awarded jointly to Newand as of May 1, 1946, the District
burger, Loeb & Co., and Sulz^
had on hand approximately. $900,- backer; Granger & Co., both of
000
of
cash
and
Government New York, as 1.40s, at a price of
bonds.
100.55, a basis of about 1.335%.
Principal income is received Dated April 15; 1946. Due $7,500
from collection of taxes from the on
April 15'in 1947 to 1966, in-
Principal ^and interest payable at
the Bank'of East Syracuse, East
1.20% Bonds
certified check for 2%
bid for, payable
and
_i-100.09
For
a
amount
the
have
Halsey, Stuart & Co
(Ingen & Co
close
1942,
of bonds
$700,000
debtedness
-100.13
Dolphin & Co., jointly,
.
For $497,000 --.—_L_.100.216
June
1.10% Bonds
Peoples Trust Co., of Bergen
County, Hackensack 100.01
and accrued interest at the Guar¬
due
issue
Boland, Saffin & Co
B. J. Van
anty Trust Co; New York City.
coupons
an
,
.
sioners,
recent elec¬
—
extending. across
Chairman
a
National
& Wood; of New York; that the
County-owned bridge
hoUt)soNeW ' Jersey. '
bonds are valid and legally bind¬
the Missouri
Bond Sale-r The $498,000 semiRiver from South Sioux City, in
ing obligations of the Borough.
annua 1
general improvement
Enclose a certified check for $500,
Dhkota- County, Neb., to a point
bonds offered for sale on May 8--in Sioux City, Iowa* The bonds,
payable to the. Borough;
v. 103, p. 2347 — were awarded
in
the opinion of counsel,
are
jointly to Blair & Co., Ine., MacTeaneck Township (P. O, Tea»
valid and binding obligations of
Bride, Miller & Co., of Newark,
';!x'in^ek)^Hew:'/ersey- f- •
■
the- County payable soiely froih
and Lobdell & Co. of New York,
Bond Sale—The following semi¬
the revenues to be derived from
as Is, at a price of 100.06, a basis
annual Bonds aggregating $137,the .operation of said bridge in
of about 0.99 %. Dated May 15,
accordance with the terms there¬
000f offered for sale on May 7-^1946. Due on May 15 in 1947 to
v. 163, p. 2347
were awarded
of, and in accordance with the
1957, inclusive. Runner-up in the
covenants and the pledge ofthe
jointly to C. C. Collings & Co. of
bidding Was a joint offer by the
revenues set forth in the resolu¬
Philadelphia, and J. S. Rippel 8i
National City Bank of New York,
Co of Newark, as 1.10s, paying a
tion authorizing the issuance of
and the Fidelity Union Trust Co.
the bonds, to which reference is
price of 100.15, a basis of abotit
of Newark, of 100.021 for $498,ma de |ii the offering of the bonds
1.07%: $57,000 general improve¬
000 as 1% bonds.
:
for a more complete description
ment; $20,000 paving assessment,
Among the other bids submitted Series S, and $60,000 building im¬
of the bonds and the manner of
their payment; Legality approved were. the following:
provement bonds. Dated May 1,
Bidder
Price Bid 1946. Due on May 1 in 1947 to
by^Chapman & Cutler, of Chicago.
For 1% Bonds
1956» inclusive. Among the other
Bond
CallGeorge Johnson,
from
Bonds Voted—At
tion the voters authorized
Bank, Toms of $40,000 water system bonds.
River. No proposal will be con¬
Washoe County Sch* Dist. No. ICf
sidered
which specifies a rate
Middle Rio Grande Conservancy
(P. O. Reno), Nev.
Dist. (P. O. Albuquerque),
Bonds Sold -~It is stated by higher than the lowest rate stated
in any legally acceptable pro¬
New Mexico
Earl Wooster, Superintendent of
Bonds Authorized
The Board
posal;
Each proposal must state
Schools, that $1,500,000: building
of District Directors is said
to
the? amount bid for the bonds,
bonds were awarded On May 3 to
which shall be not less than $25,- have authorized recently the issuthe
First
National
Bank
of
of
000 nor more thah $26,000. As be* a n c e
$8,026,000
refunding
Nevada, of Reno, at a price of
tween legally acceptable proposals
bonds, the proceeds to be used to
100.008, a net interest cost of about
specifying the same rate of inter¬ retire an equal amount of out¬
1.16% | on the bonds divided as
est, the bonds will beN sold to the standing 4% bonds, which become
follows: $836,000 as is due on May
bidder complying with the terms callable on Aug. 1, 1946.
It is ex¬
1; $89,000 in 1949, arid $83,000 in
of sale and offering to accept for pected by the Directors that there
1950 to 1958; the remaining $664,'the- amolint bid the least, amount will be a saving of over $1,000,000
000 as I'M duO $83,000 from May
of bonds, the bonds to be accepted in interest charges as a result of
1,1959 to 1966. Dated May 1, 1946.
being those first maturing, and the proposed refinancing plan.
Interest payable M-N.
Legality: if
The District expects to request
two or more bidders offer to
approved by Chapman &; Cutler,
bids for the issue of $8,026,000 Re¬
of Chicago. Runner-up was the accept the same least amount, then
to the
bidder offering; to jpay funding bonds in Albuquerque at
Security National Bank of Reno,
therefore the highest price. The its office on or about May 27, 1946,
bidding for all 1.20s."
^ /v
purchaser
must
also
pay
an according to John Nuveen & Co.,
It is also stated by Mr. Wooster
Fiscal Agents for the District. ,,
amount equal to the interest on
that
the bid
submitted by the
The Middle Rio Grande Conser¬
the bonds accrued tci the date of
Bank of America National Trust
payment of the purchase price, vancy District embraces approxi¬
& 1 Savings k*As$9ciatio®,
of San
mately 210,000 acres in four coun¬
Ffhncisco;:arid ^sbciates,i an offer imtoo (event that |irior-to the dfe- ties in* New Mexico and includes
livery of the bqhcfe/ the income
of par for $295,000 as 3s, and
received by private holders from the City of Albuquerque,
"m
'.;.v
company.
constitute, a part of the of¬
fer ihg of: said/* bonds-.
Principal
| mid interest(J-D ) payable at the
Guaranty Trust1 Co.,' New York
These bonds,; being issued under
$1,205,000
"
the
repayable. George Lohse filed the
as attorney for the realty
action
unmatured
-Registeredl
]
frf-OI ,t!
'03IHqaJI3 JWAMin A JAT3aa»!,T00 SOT;
.VKbtl^M
Z-'t.
_
t
z,
.
LondsniUst*
.;•?• -/.v.;•/.•
*..
l ■ **. i
w«WW*t<,*K-WA&* r<**»»• «i»*V "vv ;V- 4-
'va/y»/
^e^^ctopaWefeb^
;
; Dated June 1, 1946.
under its City Charter,
Denomina¬
Chapter 658 of the Laws of 1923, tion $1,000.
Due $6,000 June/l";
as amended, and the Second Class
1947?:to 1951.Z Principal ;apdinter,jtpnsfe^<wers4u^:blankly / ,'////
in the event that est payable in ;New York City.
Drops Bus Terminal Project— Cities Law.
to
the ' delivery
of the Registerable as to principal alone;
The authority is understood" to prior
have abandoned plans for a $15,- bonds the income receivedjpy priZ general obligations; unlimited tax;
vate bol'der^.^mr'bbnds of' the delivery on or about June 5, 1946,
000,000 bus terminal/calling for a
erates
or
bbnd issue in that amount," as la
fresuit of tefusal{6f the ?New? ?York
City
Planning* Commission
to
approve" the. zoning - change re¬
type and character shall be
same
.
quired for the project.
Scaredale Union Free Sch.Dist.
;
Plans Bond Issue—-The district
Intends to
make
school
offering
an
bqilding
„
>
taxable by the terms of any Fed¬
eral income tax law, the success¬
Enclose
certified check
a
of for $13,060, payable, to the City
im¬ Comptroller/
/
-
,
.
Tax rate for the
school year
will
be
$1,000 of assessed val¬
per
an increase
current rate.
of $2,021 over
State Insurance, Fund
The
.
will
voters
at the
its
municipal subdivisions were
'awarded by the Fund on May 7,
the successful bidders being as
follows: Bankers Trust Co., and
Co., jointly;
Tilney &
C. J. Devine & Co., and
Co., jointly; Harris Trust & Sav¬
ings Bank, Chicago, and the First
National Bank of Portland, jointly;
Daidlaw & Co., New York; Halsey,
Stuart & Co.; F. S. Moseley & Co.;
Rational Commercial Bank of Al¬
bany; Roosevelt &
Cross,, and
Bacon, Stevenson &, Co., Jointly;'
R; : D.
White/*//Co.;/Wood,
Struthers & Co.; National City
,
Bank
New
of
and
York,
Barr
Bros.
&
Co., jointly;
Bankers;
Trust Co., R. W. Pressprich & Co.,
and the
An
issue
of
purchase
site
to
submitted
be
the
election to be held
May 28.
: :
■
of
Z"" —
f
Bonds Sold—A total of $2,400,000 bonds of New York State and
Pressprich &
—
school
bonds
NORTH CAROLINA
New York, N. Y.
R. W.
Election
Bond
$125,000
on
?ffZ"
Equitable Securities Corp.,
Jointly.
or
rates in multi¬
■
Offering—W.. E.
Easter-
Secretary of the Local Gov¬
_
two
rates,
and
der
at
offering to purchase the bonds
the lowest interest cost, to the
County,
such cost to
by
deducting
deter¬
mined
the total
amount of the premium bid from
the aggregate amount of interest
upon all of the bonds untiL their
respective maturities.
No bid of
be
less than par and accrued interest
will be entertained.
The approv¬
ing opinion of Masslich & Mitch¬
ernment Commission, will receive
ell, of New York City, will be fur¬
sealed bids until 11 a.m. (EST),
nished the purchaser. In the event
on
May 14, for the purchase of
that prior to the delivery of the
$390,000 general improvement
bonds the income received by pri¬
coupon bonds, to bear not exceed¬
vate holders from bonds of the
ing 6% interest.
>
same type^and character shall be
Dated April 1, 1946.
Denom¬
taxable by the terms of
any Fed¬
ination $1,000.
Due April 1, as
eral income tax law, the success¬
follows: $8,000 in 1947 to 1951,
ful bidder may, at his election, be
$10,000 in 1952 to 1956, and $20,000
relieved of his obligations under
in
1957 to 1971.
Principal and
the contract to purchase the bonds
interest * payable
in New York
and in such case the deposit ac¬
City.' General
obligations;
un¬
companying his bid will be re¬
limited
tax; registerable as
to
turned.
Bids
are
required
on
principal alone; delivery on Or
forms furnished by the above Sec¬
about June 5, 1946, at a place of
retary.
Enclose a certified check
purchaser's choice. The bonds are
for $600, payable to
the State
a consolidation of $110,000 Street
,
Improvement bonds, $50,000 Water
bonds,
$50,000
Sanitary Sewer
bonds, $20,000 Fire Station bonds,
$15,000 Fire Fighting Apparatus
i Bonds: Voted and Defeated—An
bonds, $25,000 Cemetery bonds, issue of $5,972,000 school site pur¬
approved an ordinance calling $90,000 Abattoir bonds, and $30,000 chase, construction or improvefor
Acquiring ' Land for ment
for the issuance of $250,000 street bonds
and
equipment
purchase
Ordinance * Approved —
The Common Council on April 18
\
Streets
repair bonds and notes.
are
ifit
xUtica,N. Y.r
.
.
Bond Offering—Thomas J. Nel¬
.
son, City Comptroller, will re¬
ceive
sealed
bids -until
noon
,<EDST) on May 23 for the pur¬
chase of the following coupon or
Sidewalks.
and
Bidders
requested to name the interest
rate
rates, in multiples of % of
Each bid may name one rate
or
1%.
for part of the bonds and another
rate or rates for the balance, but
no
bid may name more than three
rates and each bidder must
speci¬
registered ,?bohds^ to
fy in his bid the amount of bonds
$653,000; not exceeding 4% inter- of each rate. Each rate must be
^^//«?. ;•/• v: .■••?
/i Inlr:.
bid for bonds of consecutive ma¬
-$135,000 series A, public improve¬
turities.
The
bbiids r will
be
ment of 1946 bend^ Due $9,-
rs
k
/. 000 June 1, 1947; to .1961. /; J
311,000 Series B public improve-
"\r}~ ment
Due
bonds.
1946
of
■'/
June
v
1947, and $31,000 in 1948 to
1956.
,
-V
1, as follows: $32,000 in
'
107,000 series C, public improve¬
ment
of
1946
bonds.
Due
'v; V June 1, as follows: $22,000 in
V;
1947 and 1948, and $21,000 in
^1949 to 1951.
•
Awarded
to the bidder
their
until
No
bid of
survey
*>'
bonds.
June
Dated
1946.
1,
;
Denomi¬
nation $1,000. Rate of interest to
in a multiple of Va or one-
be
must be the
same for- all of the bonds, Prin¬
cipal and interest payable at the
of
tenth
1%,
and
City Treasurer's office, with New
York exchange.
The purchaser
will be furnished with the opinion
;«f YahdeWater^ Sykes? & Gallo¬
way,
of New York.
New York, N.
Y.,
or
at such
be agreed with
purchaser about June 10, 1946.
"other place as may
the
Provision has been made for the
down payments for each
aforesaid objects or' pur¬
necessary
of the
poses
as- required
by Section
107.00 of the Local Finance Law,
except as to the aforesaid
of assessed valuations for
no
down payment
Survey
which
is required by
any law. Provision for the valida¬
tion of said bonds provided in
Title 6 of Article
Finance
with.
Law
is
2 Of the Local
being complied
No applicable local law has
to the pro¬
visions of Sections 33.00, 34.00 or
been adopted pursuant
<170.00 of the LoOal Finance Law
or
the
pursuant
Laws of
to
Chapter
1944.
than
par
and
Bids to be
the above
on
ac¬
forms furnished by
Secretary. The
approv¬
bished? the purchaser/ In the event
that prior to the delivery of the
bonds the income received by pri¬
holders
vate
from
bonds of the
type and character shall be
taxable by the terms of any Fed¬
same
eral income tax
law, the success¬
ful bidder may, at his election, be
relieved of his obligations under
the contract to purchase the bonds
and
in such
the deposit
case
The bonds companying his bid will be
will be delivered to the purchaser
at
less
crued interest will be entertained.
assessment ing opinion of Masslich &
Mitchell,
Due $10,000 of New York City, will be fur¬
1, 1947 to 1956.
June
respective maturities.
780
of
The City- op¬
turned.
Enclose
a
ac¬
re¬
certified check
'
at
March 19.
was
au-Z.
election /
an
-
oh
4
'
-
r,
"v-Vv;:
V:'v
:2
Treasurer,
-
Raleigh, N. C.
Bonds
Defeated—At
the
April
16 election the voters turned down
proposal to issue - $100,000 air¬
port improvement bonds,
a
the Board of Education.
auditorium
and
of
recrea¬
tion hall bonds, not exceeding 2 %
interest will be submitted to the
voters at the election to be held
May 14, These bonds
are
in 20 years.
due
'
.
:
College Hill, Ohio
Bonds Authorized
>
Bond' Election '-/"'An;, issue
$450,000
on
North
Minot, N. Dak.
.•
primary
May 7 the voters ap¬
proved the issuance of the $2,100,-/
000 construction and improvement *
bonds by a very heavy majority,
reports J. D Torrance, Clerk, of
NORTH DAKOTA
on
OWo.''Z-v-;y:.
Bonds Voted —At the
election
—
The
s
City
Council T approved * recently.?,;an
ordinance calling for the issuance
of
$210,000 bonds,
be used as
to
follows: $140,000 for sewersf/'stad
the remaining $70,800 for com¬
munity center recreation facilities.
Offering—John A." ReitCity Auditor, will receive
sealed bids until noon on Ma^i 22,
Bond
man,
OHIO
for the purchase of
Alliance City Sch. Disti (P. O.
'
Alliance), Ohio
/:
Bonds Defeated—It is stated by
H. W. Wolfe, Clerk of the Board
se\^
$140,000
.
>
system bonds, to bear not exceedr
ing 3% interest., Dated May Jo,
1946. Denomination $1,006/ Due
Education, that at the May 7 $7,Q0&Novti 15, 1947 to 1966.; Rate
primary election the voters re¬ of interest to be in multiples^ /
jected the proposal to issue $1,- Of l%.The;bonds:Were autho^zed/
100,000
building,
erection
and at the November election in 1944,
and are payable from unlimited ?
equipment bonds.
taxes. No conditional bids will.be
Cincinnati City Sch. Dist. (P. O.
received. The. approving opinion, *.
Cincinnati), Ohio
of Peck, - Shaffer,, &:
^illiaims^ nf
Portfolio Bond Offering — It is
Cincinnati, will be furnished /the ?
reported.by Arnold E. Majoewsky,
purchaser: Enclo$e"/a
(ier|Ried /
Secretary of the Board of Sinking check for
1% of the bonds bid ^
Fund Commissioners, that he will
for/payable to the City^ " /-.v!
•
of
,
.
receive
bids
sealed
until
noon
si"^Norwood; Ohio \
(Cincinnati time), on May 23, for
the purchase of $210,000 City ot
Cincinnati
bonds,
now
held in the
investment account of the Board.
Bond
Ohio
Election-/At
is
election
an
June 18 voters will consider
an
issue of
$550,000 municipal mort¬
gage revenue water system pur¬
chase bonds.
.
.
i.
f
$5,000; 4%: sidewalk,, curb and
gutter?itbonds/W0T be purchased ;
soon
Circlemlle,
'
BondDisposal; Report: —The *-
by the City Sinking Fund, it
Dated April 1, 1946/De-
said.
nomination
$1,000. These bonds
are? due $1,000 oh Oct. l/ih/1947 to'i 1951/ Principal Z and "ihteresi ?
payable at the First National
Bank, Norwood. *
* ;
.
Garfield
Heights (P. O. SSS1
Ohio (State of) / ^
Tur.riey Road» Garfield
Municipal Market Stabilized/^/
A. White & Co., Cincinnati, re¬
Heights), Ohio
'
bonds was favorably voted at the
Tenders Wanted—Harry Benson
ported on May 8 as follows: . / ■;
election held on April 23.
The City Auditor, will receive sealed / The Ohio municipal market ap- ;
$300,000 library bonds were de¬ tenders until noon (EST) on May pears to. have stabilized during /
feated at the same election. .
21 for sale to the city, at not more
theZV^'/fe^/days/a^ihe.^ level
than
face
value, of refunding cached a week ago, with yields
Norwood, N. C.
bonds Nos. 1 to 14, dated Jan 1
close to 10% more
libera^ than at ;
Bond Offering — W. E. Easter1939 and maturing Jan. 1, 1964
the peak of the, market reach,ed
ling, Secretary of the Local Gov¬ Tenders must state the sale price in early April. All of. ourvindict:
ernment Commission, will receive
of the market for Ohio bonds re¬
Hamilton, Ohio
sealed
bids
at
his
office
in
main unchanged from a week ago i
Bond Ordinance Passed — Tht;
Raleigh, until 11 a.m. (EST), on
at yields-. of, 1.21% for the 20
May 14, for the purchase of $215,- City Council has piassed an ordi* opnds, L06%^or the 10 high grade
000 water and sewer coupon bonds, nance calling for an issue of $41,*
names:aiu4il.36%;fori):he 10 lower
to bear not exceeding 6% interest. 000 2% storage y^ard purchase and
grade;?names,v?;?? ;.?/.v •";rVr,
garage
facilities
bonds. Datec
Yesterday^ at the primaryMec? ;
> Dated April 1, 1946. Denomina¬
May 1,1946. Principal and interes;
tion $1,000.
,ion, the voters of 97 subdivisions
Due April 1, as fol¬
in Ohio voted upon bond issues
lows: $3,000 in 1949 to 1960, $6,000 payable at the City Treasurer',
.
,
offering to
purchase the bonds at the lowest
interest cost to the City, such cost
to be determined
by deducting
the total amount of the premium
bid from the aggregate amount of
in 1961
interest upon
all of the bonds
100,000 series of 1946,
£
•.a^/^/i.v.^'^'',-
2633
required. This issue
i
the State
on
Troy, N. Y.
'
K
1 /Bond
^reWwMMWW,
above Secretary.
Enclose a certi¬ Marion Sch. Dist.
(P. O. Marion),
fied? icheck/fdr;$4,300,|i>ayabl£Ztd
Treasurer.
Mecklenburg County (P. O.
Charlotte), N. C,
bid is
thorized
3'
each
bidder must specify in his bid the
amount of bonds of each rate. The
.
Greensboro, N. C.
Bond
than
more
bonds will ■be awarded to the bid¬
Watertown, N. Y.
years.
1946-1947
$16,431
uation,
the interest rate
his election, be ples of % of 1%.
Each bid may
relieved of his obligations under name one rate for part of the
the contract to purchase the bonds bonds (having the earliest maturi¬
and in such case the deposit ac¬ ties), and another rate for the
companying his bid wilL be re¬ balance, but no . bid may name
turned.
such' case the. deposit accompany¬
ing his bid will be returned. Bids
to be on forms furnished by the
at a place of purchaser's choice.
Bidders are requested: to hapne
ful bidder may, at
provement ; bonds to. mature, ser¬
ially in 10
.
«?/?' //
/;■-»■■.•
duly/executed/alignments/
$100,000.
"$':
THE COMMERCIAL' & FINANCIAL/ CHRONICLE <•'
,
i
1;f i.vgr4«a,-. n»
•'I
1»-
rynry -wwvnr^"'
'-M»^<T:;■,'-•.
to
1963, and $7,000 in 1964
Principal and interest
payable in New York City. Gen¬
eral
obligations; unlimited tax;
registerable as to principal alone;
delivery on or about June 5, 1946,
at
place of purchaser's choice.
Bidders are requested to name the
interest rate or rates, in multi¬
ples of lk of 1%.
Each bid may
name
one
rate for part of the
to
1986.
bonds
(having the earliest maturi¬
ties) and another rate or rates for
the
office.
totaling
/ Bonds Sold—The City Treasury
Investment Account has purchased
amount
an
amount
of
of
each
rate.
Each rate must be bid for bonds
of
consecutive
maturities.
The
$41,000
2%
storage
Kalida, Ohio
Bond
Ordinance Passed
ordinance
—
An
issue oi
$60,000 water system construc¬
tion bonds was passed recently by
the Village Council.
calling for
an
Lakewood Sch. Dist.
no
bonds
of
ties bonds.
bid may name
more
than four rates, and each
bidder must specify in his bid the
balance, but
issue
yard purchase and garage facili¬
Bonds
(P. O.
Lakewood), Ohio
Approved—It is
stated
by Sam S. Dickey, Assistant Su¬
perintendent
of the- Board of
Education, that at the May 7 pri¬
election the voters approved
$1,900,000 construction bon,ds
by a wide margin. /
This '
some/$yl,000,000.
to be the
largest amount ever voted uppp
in
Ohio
at a
primary election.
However, almost $50,000,000 of the
total is accounted for by Cleve¬
land City and Cuyahoga County
issues.
Some $20,000,000 of new
Ohio
is- reported
issues
have
been
sold
dur¬
ing the first four months of 1946,
and #ie, market; rose almost con¬
stantly during this period,? de¬
spite this supply which was considerably larger than the market
has been called upon to take for
several
years?-
Parma
/"
;
'
m
(P. O. 6611 Ridge Road,
Cleveland 9)%. Ohios ■:r-f
Wanted — Josephine
z<^
Tenders
bonds will be awarded to the bid¬
mary
Baker,
der
the
ceive sealed tenders until noon on
offering to purchase the bonds
City
Treasurer,
will
re¬
cost to the
May 23 of reminding bonds, dated
Oct.
Town, such cost to be determined
1, 1936. About $25,00.0. is
Lima, Ohio
available for
that purpose [and
by deducting the total amount of
Bond Election—The issuance of
Hamlet, N. C.
the premium bid from the aggre¬
bonds will be purchased at the
Bonds Approved and Defeated
$250,000 bonds for the improve¬
lowest offering prices.
gate amount of interest upon all
ment of Memorial Hospital will
—At an election held on April 23
of the bonds until their respective
he submitted for approval by the
the voters approved the issuance
Springfield, Ohio
maturities.
No bid of less than
of $30,000 sanitary sewer bonds
voters at an. election scheduled
Bonds
Defeated.—The
City
par and accrued interest will be
for June 18, according to the Lima Clerk
and at the same time rejected a
reports that at the May 7
entertained.
The approving opin¬
"News", of April 28.
proposal. to issue • $20,000 street ion of Masslich & Mitchell, of New
primary election the voters Re¬
improvement bonds.
,5
jected the proposal calling for the
York City, will be furnished the
Lisbon Exempted Village:
issuance / of ; $3,013,337 - various
McDowell County (P. O.
School District, Ohio: Z /
purchaser. In the event that prior
to the delivery of the bonds the
Bond
Marion), N. C.
>
Offering — George
C, municipal improvement bonds.
/: Bond Offering — W. E. Easter- income received by private hold¬ Porter, District Clerk, will receive
OKLAHOMA
ling^ Secretary of the Local Gov¬ ers from bonds of the same type sealed bids until noon (EST) on
ernment Commission, will receive and character shall be taxable by
Chandler Sch. Dist. (P. O.
^
May 29 for the purchase of $50,sealed bids until 11 a.m. (EST), the terms of any Federal income 000 not to
exceed 3% interest con¬
Chandler), Okla.
on May 14, at his office in Raleigh
tax
Bond Offering—Sealed bids will
law, the successful ? bidder struction bonds. ^ Dated May 1,
for the purchase of $30,000 school may, at his
election, be relieved 1946. Due $5,000 on Nov. 1 from be received by Aileen Smith,
building coupon bonds, to bear of his obligations under the con¬ 1947 to 1956 incl. Interest M—N. Clerk of the Board of Education,
not exceeding 6 % interest.
tract to purchase the bonds and in Acertifiedcheckfor;l%;.oLthe until 7:30 p.m. on May 14, for the
for
$7,800, payable, to the State
at the lowest interest
Treasurer.
'
.
,
.
.
'
.
.
,,
■*WMj
■
'
-
...
'
'
?
■■■
■;■■■
/
in
in
'
n.i
mmmm■— i
ii
i
■ i
i
i
'mm
n
\
WW
jui.j mini
MunicipalBond Financing
College of \
X5X''?vEdiicatlon, ' Ore...
1624
Eaet Herkimer Fire Dist. No.
Long-term, financing'by States! and municipalities
month of March'aggregated; $87,442,931, representing an
during the
der offering the lowest rate of
increase^
interest and agreeing to pay * par some $8,000,000 above the February output of $79,922,850. The larg¬
and accrued interest. A certified est award in. the recent month was negotiated by the Los Angeles,
check .for 2% of the amount bid Calif., Department of Water and Power, which placed an issue of
^required**
$19,750,000 refunding bonds.. This was another of a series of refi-*
nancing operations effected by the department during recent years,,
Custer School District, Okla,
the cumulative1 results of which have been a substantial reduction
Bond v Sale—The ^$12,000 trans¬
in parrying charges on its bonded debt.
The so-called Dewaps have
portation ■ and equipment bonds
always been highly rated in the investment market and the issuing
offered for sale on May 8 were
authority, in consequence of the optional redemption feature of. its
awarded
to
the
First National
bonds, has profited handsomely from the continuing decline in money
Bank, of Custer City, as iy4S.
rates in recent years.
Another principal operation conducted in
These bonds are due $6,000
in
March was that made by the Chicago Sanitary District, Chicago,
1949 and 1950. The next'highest
which appeared in the market for new capital for the first time in a
bidder was C. Edgar Honnold, for
number of years..
The district placed an issue of $5,009,000; bonds,
3. .35s.
;
'
Although the States and local governments have not as yet be¬
gun to issue bonds in accordance wilh the expected postwar scale,
Duncan, Dkla.
1775:'Edwards'County,
1922 ^ Ellis .'County Road Dist. NO.
■
Clerk
$30,000
in 1949
$40,000 in 1966.
;
and
1965,
to
to
Edmond School District, Okla.
,
Offering
Bond
B.
Carrie
—
»
Permanent ldans
$40,000
bonds recently purchased by the
First National Bank & Trust Co.,
of Oklahoma City, as previously
noted in these columns, were
sold
follows:
as
1775
None
None
None
Placed in
11,818,000
None
6,453,500
Jione
None
112,080,931 289,952,927 110,631,232 122,950,822
232,979,097
—_
?
...
.
—
of
$7,000 Sewer- System and Dis¬
posal Plant bonds, at a net
173 and 205 respectively. This contrasts with 158 and 165 for February*
,
interest cost of 1.56%, as fol¬
For- comparative purposes we add the following table showing
lows: $1,000 maturing May 1,
1951, as l%s; $5,000 maturing the aggregate for March and the three months for a series of years.
$1,000-May 1, 1952 to 1956, as In these figures temporary loans and bonds issued by Canadian mu¬
*
^
"x
; l%s,
and $1,000 maturing nicipalities are excluded:
■1;/ For the
For the
'Month of
<j
V
r Month of ,i'
IjMay 1, 1957,- as l%s.
•■''/■
3 Months
March
3 Months
March
'33,000 Park Improvement bonds,1 1946—_—
$238,709,529 1931—————$279,508,181 /# $449,603,589
of 1.59%,
'
Following is
Kremlin School District, Okla.
$9,000
58,838,866
50,221;395
transportation bonds purchased by
the Bank of Drummond, of Drummond, as previously noted in these
columns, were sold at a price of
par and mature $1,500 annually
1919
;•••• Cal.
I?
Bond Election—At
1775
Alameda County
Cal.
election
an
Prague School District, (P. O.
Prague), Okla.
'' .*t
—- Ned Burleson,
V '
.
Bond Offering
| Clerk of the Board of Education;
will receive
sealed
bids
until
2
for the purchase
$7,500 transportation equipment
p.m. on May 13,
of
bonds.
will
Due
in
awarded
be
The bonds
the bidder
1949.
to
Offering the lowest rate of interest
gad agreeing to pay par and ac¬
crued interest. Enclose a certified
Check for 2% of amount bid.
.
18
election; the voters authorized the
following bond issues aggregating
$148,000:
-
-
-
.
..
10,000
water
ment.
1779
Alamo
1491
Andrews
Cal.
system- improve¬
■
-
9,000 street intersection improve-
ment. - •
'<
: .■ ,•»■</.. ■ ■ ?
6,500 fire department equipment.
(Continued on page 2635)
1491
1947-1966
50,000
11,000
Pass.
1777
370,000
1949-1953
5,000
1949-1962
V/a
Vii-2
i
——4
———2
■■;:////-;■;
County
Kern
Lampasas,
107.00
100.20
1946-1955
50,000
■
"
Beeville,
■
South
Bourne
1776
Dist., Mass.
,v-
;
Brazil School
1919
Brenham,
Tex.r_
Bridger,. Mont. 4.——
Bridger, - Monti
—
1628
Bristol,
1490
1778
Byesvillc, Ohio
Canton,' 'Okla.
1623
Carleton
Chatham
.
1491
1491
1491
1625
^—-i4 ? y.
7,400?
7,000 '
1946-1953
1947-1966
/
1949-1965
4
Ca].—
1918
Cook
1775
Crawford
Custer
County,
Mont,_
1492
Dallas
County,
Texas
County,
Sch.
15,000
O'mi.
,'i
1,18
0^6
I.
/._____■
No.
1.20
29 years
'
1948-1960
-
.0.09
pj'/A
0.90
:
' ':L~.
: 0.90
y*
'/"•/ i__
0.34
101.12
0.80
100.01
1.74
7,000
50,000
1-12 years
50,000
1947:1976
1947-1957
-
300,000
vf -
•101.32 "v 106
"100.93^^ if.
100.06,
P
1.96
1,650,000
65,000
105.60
111
102.5Q"'i'Vi,32
1.21
'
1.21
;A
Calif../.—.JPA-l-UA
1947-1975
' 750,000
rl9,750,000
Too"
24,000
100.71
1.92
900,000
101.19
in T
'
1947-1969
—
;
,
Jv,''
25,000
1948-1962
1948-1965
—VA
Cal.;
School
100.93'
800,000
:
t
1.15
.*
r225,000
•
'
1.86
.,
20,000
Y6T78
14,006
1947rl960
1.2&
"
2T0
200,000.
1949-1962
TOO
300,000^
.
rl84,000
-
.
:
r25,000
Overseas
County
1947-1954
1947-1956
:
■v: 15,000
:
'1947-1951.'
■
'
1947-1966
1947-1966
i
1947-1966>
;
1947-1968
/
175,000;;
,
"
120,000
.
I
Neb^—,_c,.
20,000-.,; ioo.
;1047-19?56
i
65,000
100000
;
k
78,000'
3
i947r 1958
•
*
100.17
2.31
o;»5 ■•/
100.17
65,000 ;
375,000
.
1949-1968;
100,000
"1949-1963 'A A]
-V:'
;
/0.95 '
I;
,
3947-1960"
-
1961-4968;T/v
-
.100.50
"/ 1.10?
-.
15,000 /' r
"
-145-
-
V : 200,000., - 7100.06..
>/*
'
-100.15 7:/ 0.98
1,300,000
,,
•'^L—_—iiii—v-—'1 %
r. 100.02
25.0CO
.
OJBi
PPP 0.G9
100.90.
210.0CO
; '
?;/V; 'fc.ZZvffr-'t './-i
-
.
;
41,000
"
Independent. Sch. /Dist
'
■■
- *». ---* —1 'A,.
/ ioo
14,000
>
.
Okeene, Okla.^—r'?
Okeene,' Okla,
—...u
I777^PatM40n, N. j;
102.02
47,000 '
rl,635,000 /
—...1 ■;
; OJaf/ -Cal. --PPUXl
Ottawa, 111^-
100.12
-.240,000
1947-1975
Ohio—VA
1948-1956
1770.' Northumberland. County, Pa;...Jt
1947-1951/,
1490
Norwood, Ohio
—.-4 ,
1947-1969
1625
Norwood City Sch. Dist., Ohio—1
1492- Nueces County, Texas__.^_—.**iya
"1951-1965
•J487'v:iiOaks:..Doatt»'
:•/' 1947-1953
1337
Ocean City, N.xJ;
—-.1
1947-1953,
1337 ' GceanfCity,/N, J>
;:
Odessa
,
150,000 >
North Canton,
KT .Vfil". .Texas
154
1.37
i,o« }
101.36 \ ,41.04^,.
101.38 pmM;V.
7000,000
■A
'
FfreViPistript.Nd.
»
- ioi.38
500,000 3-
•
■.
1947-1960
York
1910.1 Northc Bend,
o^6
101.16
50,000
•2,000,000
1948-1965
iAP i-.
,New
;
100.08
r3,15p,0Q0/
-3%
Nb.
0.5S '
103.13
100.13
t
300,0001947-1950/.
i
J948-195T
District
0.50
/
&»/■>'
:
.way::Dist;;:-Ore.-*i—-i_^-2Vi-4l;
Fire
:i.ir
?
f
-Muncie, Ihd<
Texas'
0.73 "v,
100.01
V:-l
■
& Toll Bridge
Hi-^h-
-'■
; 100.06
-100.13
*
35,000
20,000
;;
1947-1951 ;;
'■
;
1V&-1%
Road
76,000
200,000
1947-1967
District,
Texas
'WifB^Pfendora', Ohio
100.40
£h:
County,
'300,000
75,000
*
100.38
Independent
Niskayuna
1770.
"
'
•
Newton,
1486
9,000
r238,000
i
1.13
100.04
—
....—_2,/4-21/a
1777
1778
,
f
1.07
30,000 /
/
-
1627-;
1778
1.11 ?
2.31
651,000
1948-1957
Multnomah County Capital
1627
200,000
'300,000
1949-1954
13A
100.54
60,000
1.20
Independent School Dist.,'- ■
Texas
-
_
•fvv?r
—
*
-
101.62
70,000
■
1775
Ti
Z;: 25,000
1949-1975
Monroe
1625
o.eo
-
100.02
160,000
Apr if 1,1086
Dis)., FIa.__l3/4-l,A
1622
Monroe Independent Schf pist,,
'v'■
Iowa
——ii-— -:—
—-VA
1625
Montgomery County, Ohio. ——-VA
1625
Montgomery County, Ohio__i.—A :
1625 ^Montgomery County; Ohio.^-—,1;
1492
Mt. Pleasant T Independent,: Sch.,
"
•
Dist., Texas
_—z. —2-2Va<-23A
1789
Muieshoe Independent Sch. Dist.,'
.
100.53
65,000,:
775,000
1947-1970/;/
.
l€21Milford,Conn,._-.—
1775
Mill Valley, Calif..—5-1 '
1488 Milton; Mass.
—0.60
1488 > Milton; 'Mass.
X-,—-0.60
1488
Milton, Mass,
1627
Monahans Mooahans-Wickett
1490
v1
64,500
X*
■
1948-1957
.-il—
13A
/•
_
1947-1976
;
Vit
T" ■"}
loo.ii
250,000'
Mexia Independent School Dist.,
1622
1,600,000. ",100.26
s
1949-1959
.
1.18
98-87
1948-1982
.iw—1
Angeles,
Angeles
Mexia
.-^4
23,
Okla....
........
Maquon Township, 111
——
Martinsville, Ind.__—
1—V/2
McAlester Sch. Dist., Okla
iy2-l
r-.-,-
-
175,000
Madhill,
1625
U4
1.14
.
'
■
3,000,000.
1947-1951
Sulphur
v
Springs Union Sch. Dist., Cal._2
Los Angeles County
School
Districts, Cal.
——llA
Los Angeles County
School
'
1488
"
.
300,000 :
Los
Districts,
' 100
!1948-1965
Los
v/i-j
it
;1947-1971
1486
1918
*
IVa-l-VA
Ohio.^.^.l»/«
l'/a-l'A
Lima,
1621
^" -100
3o,ooo.;
Authority,
;_____l3/4
Township,
Lexington. Tenn.
1.05
-
185,000
1947-1956
l3i
50,000
50,000
;
,
1947-1961
Lick Local Sch. Dist.,
1621
1.14
1.14
„
60,000
—
Ohio,
' 144
-
loo
400,000
IVit
Municipal
Lewiston
>
,190
)
^,100
50,000
1947-1966
3-1 V*-l
Pa.
1487
\
.1,000,000
1949-1970
i919'.'^''TNatchez/MiSa/i/
1.16
50,000
1948-1966
-
Colo.;
Iowa.——.
100.08
.100.92 r ;
7
248,500
1949-1970
li
V
200,000
„_—
I
%
0.95
70,000
-IrlV*
1,
100.34
.
;
—
zpS
15,000
1949-1969
...
T—_-iy4
Ky.—_
S..D. No.
Tenn
Eagle Grove,
-
•
,
.-IVi
111,
Dist., Okla
Davidson
20,000
1949-1955
1^1% .■
County Sch. Diet. No. 84, 111. vX
Daviess County,
-
1949-1955
Texas!
1337
Dist.
——
Wyo.
Lewiston
1491
^
101.44
1,000.000
1947-1971;: f ■
T.—0.65
Lewisburg, Tenn.
1339
•
j.
—
County,
1625
5,000,000
150,000
"
1949-1965
—
1488
-
,..
Columbus, Ohio
Costa
1966
1949-1958
—..
Claremore, Ok'a,
Collingswood, N. J.
Cooke County,
10,000
150,000
1947-1961
f
1919
County
100 '.w
100.07
150,000
t '
iV*
Dist;, 111
1490
Contra
f
i
-
1947-1971
' '
ioo
396,000
5,000
,
Claremore, jOkla.
1621
V
400,000
1949-1958
'
Chickasha, Okla.
—
Chickasha, Okla.
—
Chickasha, Okla".' ——r— :_i—^
Chickasha,; Okla.^
1492
0.8C
7
300,000
7; Minn:———1,.
Township Sch.
Dist.,
u-Claremore,'.Okla.J.
1335
101.08
133
'
—_2%-l
Chicago Sanitary
Chickasha, Okla,
Dresden,
44,500
1952-1956,
30 years'
'
—x-
_*w.
/
loo.ooo
,,
.
:lo9
100.72,
200,000
.
•
1946-1953
—^--,1
1625
[{Ill
102.16
"
No.
N. J.
Delta
91,000
^Independent
1625
1625
225,000
1949-1974
2.22
-
100.25
:
1947:1966
Lemmon, S. D._i/—____
1488 .Letcher County, Ky.„
•
—
County
Dist.
Sch.
1.26
'I
-
School
Lee, Mass........—
-
4
1949-1976
—,—
—
T Mont.-:
i.io
;
100
-
5,000
1947-1951
Va
'
101.41
3,120,000
1954-1958
—
1627
1623
2.00
:
350,000
Saga-More Water
**—I'/a
City,. Ind.——l.—.l .
1487'
•
100
•?v
40,000
1947-1976
-
Birmingham,
1777
1775
1947-1960
..
;
Tex.
Ala.————4-114-1
Blowing. Rock," N. C?_————2 Vi
Boerne, TeKasX:—»_2 3A-2 V*
1486
1492.
.
2.
37,000
Baughman
Township Local Sch.
Dist/Ohlo
'..Zz
7
13,000
1947-1956
1947-1967
:
14«^
3.1$
•
1922
i
0.94
10002
:•'100.01'3.11
-
r2;089,000
46,000
1947-1954
2Vit
Tex.
County Sch.
Lake
1627
'■
1948-1074 *.
*
-
iy2
—
County, Standard
District, Calif._*
1, i..': 16.27
v-,-
100.36
.
v
-
Drain District
Laramie.
■
-
7,000
.
Baker,
*
1.34
------
43,000
175,000
65,000
'J
1949-1970
l.lo
;._i_3V2
Texas
Jefferson
Texas
.200,000
——2Va
Tex..
Jefferson County, Ala
Jefferson,
.
;l492:;-;Met«pdes; rTpxas
189,000
■
1490
1627
1.88
100.11
-
tr
.1948-1957
1947-1971
1625
;' /_
Independent Sch. Dist.,
Okla
Bainviile, Mont._
Ballinger," -Texas
1623
.
1948-1959
1947-1971
1.07
■
100.20
350,000
1948-1967
———wi—^—».w—-
Arnett,
Arpett,
1491
'
Heights;r'TeKasi;*-—2 V*
Heights, Texas..-..-/——2 Vi
Aransas
1491
100.10
100,08
"
1047-1975 j-'
Texas
"
4-l!4
„
—____
Texas
1626
1.37
97,000
County School District,
Alameda
Alamo
1491
$T7,500 community building.
18,000 park purchase ? and imC
provement.
17,000 street maintenance equipy.
ment.
v.;
10,000 garage and workshop site
: .;
and construction.
.ry/
1948-1967
—~——4-i
Cal*;-——---
1779
1.14
•
600,000
•
1948-1971
.x
;•
•
1775
100.03
335,000
l
T
i
m-
18?
125,00071/4100.15 ^ 104
15,000 :r 100.09 - ; o.si
12,000
100.09;
001
0.87
262,000
100-55 "
•'
1.4® *
20,000"; 100.29
30,500' :
100.29
1.4ft •
53,000
■
100
••
0.93 ,
rd37,000
' '
-
1947-1961
194T-1950
Texas
1921
l.ll
P?
•;
.
•
•
1947-1971:;
1625
School' District,
5-t
Alameda. County School District,
1489
Say re, Okla.
■
Bonds Voted—At the April
—
Cal.
■
Aug.: 20 the voters will pass
judgment on the following bond
issue proposals: $250,000 hospital
construction, $96,000 sewer ex¬
tension,
$32,000
storm sewers,
$87,000 water extension, $64,000
improvements, and $95,000 sewage
.disposal plant.
'
1947-1970
«
Houston,
1
District,
4-1
County School
Alameda
;
1947-1951
'1947-1951/
__1
1334
—
1775
Perry, Okla.
on
'1049^1960
—wl
A-
1779
J&ajrh:ioo;o5
101.15 r
Hurley,' S,
1775
1775
v
75,130,589
101,047,293
$850,000
100.98
lo.ooo;
Texas
1336
Amount
1947-1971
.
Alameda County School' District;- '.
j'i- '.
Cal.
.—4^4 ■'
90,000
Houston,
,
35,017,852
—
300,000
1948-1964
.1947-1956
1947-1971
1628
28,376,235
1918—
1917—
Maturity -
School District,
——5-1
Alameda County
1775
July 1 from 1949 to 1954 rncl.
on
1947-1976
100
May 1,1970 gh
Houston, Texas,
106,239,269
1
1920
100.09
1
•
'
1777
51,570,797
Rate
Name
Page
Houston,
1492
1923
1921
1.69
500,000
;■,
Holycke, Mass.
m¥ Hopkinsville, Ky. x
7,.Texas
292,061,290
204,456,916
174,073,118
list>of the domestic bonds sold during
a
'
Bond Sale Details— The
s.;t;.
,1947-1972
Counties
Cameron
1621
116,816,422
...
-
1
1948-1972 ^
1627
1922
--
V—
•. -
15,000
_^__3-3y*
'1776
1621
246,574,494
"
L
•
20,000 ' "
10,000
1947-1963?;.
•-Holly Springs, Miss.—.
1492
69,575,262
'4. —i
164,000
•
1923
ioo
100.10
103.71
16,000
60,000'
1922
326,297,507
295,559,537
282,703,824
1932-4——wi— 109,103,071
-•
and
100
•
'
1
—
1,44 .-J
1.28 T
/i
1.03
1.93
100' '
■i 50,ooo:/:
1947-1956';
1492
372,613,765
359,623,729
111,067,656
100,000
1492
.11 101,135,402
1925
—
*
1947-1971
—
225,000
ky^.w*.
Houston,' Texas
1492: Houston, -Texas
251,388,122
364,000;414
116,898,902
1926_iii—
1924__>
-
038
1947-1971
Control'and Improve-' > ?
No.;9;» Texasi.£3i3:,/4
Highland School Town, Ind...—IVi
Holiday Independent Sch;-Dist.t"- •
316,829,935
—
-
1929
0.53
100.31
,
.Water
1492
.
125,428,605
105,775,676
1928
1—11— 129,832,864^
1927——
1 88,805,
1930_
309,918,487
173,983,899
'
City.
Hidalgo
v
1492
$87,442,931
1945
94 749 <S1 1
99,979,064
"** "as follows: $26,000 maturing 1044
J T$2,000 May l, 1949' to 1961, as 11I4^^-IIL>;.49!81^WX'^-A156442A04
194^£c^rtl^ ??48,889,34*-^^ 200,615,576
l%s, and $7,000 maturing May
308,163,858
l94L.*r„___,
179,648,561
I
1, $2,000 in 1962 and 1963, and 1940——
340,253,337
83,570,146
276,948,227
1939
gSSl
119,325,184
$3,000; in 1964, as 1%S.
221,339,709
1938,—11—-_• 109,859,180
Dated May 1, 1946. Denomina¬ 1937
309,562,106
59,345,983
316,137,064
tion $1,000. Principal and interest 1936,11111,1—:i28,568^)23
300,921,678
1935lllill.£ll 150,313,900
payable
at the
First National 1934
218,265,914
L 98,012,229
Bank & Trust Co., .of Oklahoma 1933*4———1 13,928,639
67,335,063
l
;
•
.
n.„,
100.31-
20,000
1947-1954
places in the United States selling permanent
bonds and the number of separate issues
during March were
number
The
i
,1780
1780
temporary
45,000
4%
C...-_
Hartshorne, Okla.
1775
securities issued by New York City in M£rch*. None in' 1946;
$80,000,000 in 1945; None in 1944; $40,000,000 in 1943 and $69,000,000 in 1942,
; ^Includes
200,000
1947-1964303,000; 1
ment? District
Total
*
,
1,0!»
0.73'
1947-1951
1
.
*»/*
Ind.
Hammond, Ind.
1623
at a net interest cost
N,
^
v
k
10036«
10p.05
'
1947-1956
--.Li/.ilVi
Hammond,
,
County, ?
1625
58,900
5,542,879
50,373,000
22,033,028
None
—
S._
U.
Greenville,
Grayson
1775;
Canadian loans {permanent):
Placed in Canada
Greenburgh, N. Y.
1775
None
59,062,171
Gr,eeley, Colo.;xJ—
1777
{
Pp.-
:
Greenburgh, N. Yv
1624
,rl8,000
,
.
Independent
County
r
1949-1951
Sch. Dist; No. 11, Minn.____l-1.20
Rapids, Minn.__._i_
0.95
Grand Rapids, Minn.z
:r___0.95
1488
<0,98
Sch.
Independent
1624
48,889,344
93,936,000
1949-1962
Grand
.
1489
184,030,853
68,881,771
None
Temporary loans (U. S.)__
Bends U.- <6. Possessions
Boifd Sale Details—The
49,616,172
12,820,000
*
Hollis, Okla.
'
24,742,561
87,442,931 173,983,899
S.)
(U.
.
Goodhue
.
-
1489
' -
...
JpZip-Pi
125,000 ; 100.12.
r40,000, , 102.03
r40,000? ,102.03
—"
,
Dist.,-Texas,
^.l%-2V4-2ya
GaA City, Ind,_——
_._„.2.....
Goodhc^e Local Sch. Dist., Ohio.lVi
1623
v.
-
.
Independent
County
Park
Galena
1490
10,000$>,-
Galena Park Independent' Scfc
v.*-.,Dist;( Texas.
*_c..
l3/4-lV2
1-487
ments, these reached a total of $11,818,000, with $3,000,000 being con¬
tributed by the Province of British Columbia.
No United States
Possession financing was undertaken during the month.
Meyer, Clerk : of the Board of
Education, will receive sealed bids
A comparison is given in the table below of all the various
until 8 pun. on May 16 for the
1 *
purchase * of $82,000 construction securities placed in March in the last five years: •
v' 1944
1946,.
bonds. These bonds were author¬
March; :•■
$
ized at the election held on April
27.
Faribault
1.09
101.64
225,000
1947-1954
Fannin County, Texas-.—
1492
100.31
•
,
194T-1Q70
...
As for bond awards by Canadian, municipal govern¬
$12,820,000.
#•
1947-1967
■
1492
Continuing with the results of financing in March, the record
shows that temporary loans negotiated during the month amounted
.
Ci
1947:1956
lVi
Township Local Sch.;
V.
District, .Ohio
IVt
1623
Faiririew," Mont~—
__4
1625 'Falls Township Local Sch. Dist.,
'
■^No. 67,^; MhJh.--l;.10
1338. Fostoria, Ohio '
L
.34
1776; Framingham, Mass,
_0.70
1776
Framingham, Mass.
.T_._O.70
1622"! Frdnklin County/ Ky.:—..i_J..
''
1776 ^Franklin, La. ^
1%-lVi-l
1776 ^Franklin/La.
-__l_.l3/4-l*A-r
1776 V Fra'hklin, - La.
1489
Fraser,, Mich.
2
1623T;- Frederick, Md,' J
■ - •
1921—Frederick,' Okla..—
1921
Frederick, Okla.__
1921
Frederick, Okla..
1921
Frederick,
1921
Frederick, Okla.—
-
in the tempo
■
_
SchpohDistribit
hostilities.
purchase of $550,000
water bonds. These bonds are due
the
for
20
...
T
Fairfield
1623
Moreover, there is every reason to look for an increase
of borrowings once the present bottlenecks created by
material shortages, strikes, etc., have been resolved-
Will receive sealed bids until May
...
16,
12
1922
I
.
1947-1951
Ohio
improvement since the conclusion of
there has been a considerable
11
Basis • *
,■
150 nflO
voaric
; 25 years
Xj P
3V2
Euclid; Ohio
1338
,
Bond Offering—The City
,
9l!
'Texas
1338
r Price
Amount,
,
Oregon
Eastern
'
,
Maturity
Rate
Name
-1491
"
■
Mbrid^yrMayl3;-1946
,
Page
purchase of $8,500 building, re¬
pair and equipment ' bonds:* The
Issue will be awarded to the, bid¬
■:;>■■
■/
.
THECOMMERCIAL & FINANGIALCHRONICLE
v/ui/
;
•
k4o,oGOT^:
7/35,000
/tr98,000./71/X.T.j'
..20,000-T1--1O0
*506,000
7/77
100.04 .'rLl4u
2635
Page
Name
.>U3®..
.
Pleasant Grove; Miim*
Polnte Coupee .Parish, La—
.
•1623.
-
1335
•
;
—
Amount
Maturity
1947-1951
r
1
V
35,000;
1948-1965
^_l.Tp-
Pyioe;
100.75
1.02
400,000
1948-1966
Ind. •
i;
the
45,900
1949-1976
1,400,000
100.03
1.34
550,000
Too--"
1.17
Pp:pj;( i
1946-1960
3,000
103.33
1.98'
1947-1966
200,000
100.03
22,000
t.
100.72
■>'"
1948-1961
.1623 v' Port ol Port Angeles,"Wa&h:;£>*"> .V-;'
1628
Pulaski, Va.
; 1780
Redriver Community Sch. Dist. J • '
X-Tf^o..2,-Texas
.1621
Redwood City,: CaL.*—.—
5-1 ;
v
1490
Reily Township Sch. Dist., Ohio_lV4
1776
Richland Parish Sch. Dists., La.
.» 1776
Richland Parish Sch. Dists., La.
;-
1.14
175,000
1947-1976; "
.
1947-1967'
150,000.
525,000
160.41
1947-1963
250,000
100.89
1947-1969
960,000'
101.41
Rush
1625
1950-1955
1779
Springs, Okla
1948-1963
1%
f___
>1779
Rush Springs, Okla.
,'1779
A 1779
Rush Springs,
.1775
Bernardino
San
,7
Districts,
1621
San
: '
177S
Districts,
v
.
'
1621
'
Santa
1929
Scarsdale
T XV;;'
Sealey
t-1624
Seaside
Southfield
1622
v-1823
1923
1.08
'
Thompson
2,
Traverse
1776
;
1621
University
>i ":v
Colo.
/
—I—-—1 'A-134-2
345,000
190.55
1947-1976
100,000
100.25
1.98
1947-1956
90,000
100.19
1.71
provement
1947-1969
.118,000
245,000
85,000
101.44
1.12
mary
"10652
1~61
15,000
101,81
1.26
100,000
102.14
0.98
75,000
100.30
1949-1955
fy/iM
Q
1775'
*
1775
1489
r
Gaines,
Central
New York
1624
. . ... Authority, N.
Total
.
44,000
100.28
0.96
60,000
103.00
2.02
1948-1972
■
2,950,000
98.43
ZM
35,000
—t-4-:—
1492
1492
1492
1923
1923
1923
1923
-
awarded
May 1, 1947 to i961, inclu-;
Runner-up
Greater
192S
1.28
on
100.13
40,009
100.31
was
bonds.
9.96
The following were among
the other bids received:
1.98
For 1^% Bonds
Bidder
c
Price Bid
100
1.24
Harriman
28,000
r3,142,000
1946-1978
their offer of 101,083 for 1^2%
10Q.ll
12,000
1947-1956
•
Newbold's Son &
Vancouver
'2.74
128,000
102.38
Sudbury,
Teck Township, Ont
1%% Bonds
A. Webster Dougherty & Co.,
914,000
1948-1950
118,000
100.79
1951-1954
170,000
100.79
1955rl960
290,000
100.79
Singer, Deane & Scribner,
A ?
Phillips, Schmertz & Co.,
! [
Gloyer jk MacGregor ,and
Geo. G. Applegate,
A" -A •. j p
jointly
—101.18
2.84
Fauset,
Steele
&
Co.,
and
~2M
Schmidt, Poole & Co., jointly,
submitted a bid of 100.712, for
2.84
1961-19.71
672.000;
100.70
3.84
1947-1985
k
r988,000
A
100,000 *
■
,
615,000
275,000.
___
.
Ont.
■
1952-1956
i^s.:0p1
537,000
—U—
.
■
-
Schmidt, Poole.& Co., of Philadel¬
a
following
bond issues aggregating $830,000
will be considered by the voters
at an;:electim:^|Aay .21:
$^8,000 • power" plant, f
° ' ;Bond Election X- The
basis
of
0498%.'
about
Dated
April 15,1946 and due on-Oct.15
from
1948
to
1963
inql.
May
Second
8
2210
awarded
V.
163,
to
—
Harriman, Ripley
p.
—
were
&
,
20.000 water line extension.
:
;
election
on
May 21:
$60,000 municipal building and
fire
station,
and
$12,000
fire
and
equipment purchase
19,000 Negro community building. truck
bonds.
Stonewall, Otda.
'
.
.
*
Bond
City
Offering—A*
bids until 8
the
E.^Harrel.
receive sealed
m. on May 13 for
of $20,000 water
Clerk." will
p.
purchase
works bonds.
This issue
was pre¬
viously offered April 22, at
time all bids were rejected.
.c
.
.
an
issue o£ $250,00 street
Mahanoy City Sch. Dist. (J*. O.
;
Mahanoy City), -Pa.'4
f:;
Bonds Approved—The; Depart¬
r
'
Bond Sale— The issue of $79,000
ment of Internat Affairs has ap-,
Binding, bond® offered May * 6—
v.
163, p. 2348—was awarded to funding bonds.
T
X
I
8loonjt*bar$, Pa, "
primaryJ election, the voters will
which improvement bonds,"
PENNSYLVANIA
.
Jednnelle,' Pit.'
Boifd Election—At the 'Mdy 21
consider
thereafter.
The
hereafter
or
re¬
quired Co be paid to the State and
the
entire
annual
proceeds of
franchise
taxes
imposed
by> the>
Franchise Tax Law, being Chapter
:
100, Public Acts of 1937, and all of
the bonds are entitled to the bene-;
fit of the proceeds
of the forego¬
ing taxes, fees and revenues and
to share therein, pro rata will
other obligations of the State
any
that
might be,entitled to: share
as
provided by Chapter,
165, Public Acts of 1937.;. The
bonds will be awarded to the bid-,
therein
der offering to take them at the
lowest rate of interest at a price
not less than
terest
and accrued in-'
par
date
to
of
delivery.
.
The
statutes;j prescribe
a
maximum
rate of 3%. for the Educational
Improvement bonds, and accord-i
ingly higher rates cannot be con¬
sidered. As between bidders nam-;
Bonds Voted—At a recent elec¬
bonds
tion the voters approved an issue
funding
of $75,000 construction bonds..
of
the
tem
purpose of re^
principal amount
outstanding Electric Sys¬
a
like
Revenue
Amaritlo, Texas
.
Bonds,
Refunding
Bond
Series A, of said City, and will be
Offering-~J.: C. Lilly, City
payable together with the unre- Auditor, announces that sealed
funded bonds of Refunding Series bids addressed to the City Secre¬
A and such other obligations as tary will be "received until 6 -p.mr^"
may.be issued on a parity under on June 11 for the purchase of
the provisions of the resolutions 500,000W" cjveeeu ZYz% in¬
terest sewer revenue bonds, series
authorizing said bonds from the
net revenues to be derived from of 1946. Dated July 1, 1946. De¬
nomination
$1,000. Interest J-J.
1, as follows: $45,000 in,
1949 to 1951, $50,000 in 1952, $55,supply the approving opinion of
000 in
Ci^pman & Cutler, of Chicago, 1955, 1953, $60,000 in 1954 and
$65,000 in 1956 to 1961, $70,-/
and all bids must be so condi¬
tioned.
No bid will be accepted 000 in 1962 and 1963, $75,000 in s
1964 to 1966, $80,000 in 1967 and
for less than par and accrued in¬
1968, and $75,000 in 1969 to 1971.
terest to June 1, 1946. Bids should
Bonds maturing Jan. 1, 1955, to
be in multiples of V\ of 1%. Not
Jan. 1,1971, become optional Jan.
more thap two rates of interest
1955^ and thereafter on any in-;
shall be specified and not more
terest payment date after 30 days'i
thap one rate for any one matur¬
ity. Enclose a certified check for published notice at par and ac¬
crued interest plus a premium of
2% of the bonds, payable to the
Vh %, such premium to be reduced
City. Treasurer.
Vt of 1% on-Jan, 1 of each year
"Nashville, Tenn.
through Jan. 1, 1964, and there¬
electric
City's
the
The City will
Due Jan.
,
.
Offering
bids
—
until -11:30
am
in
called
be
numerical order.
Jim
on
May 20 for the purchase of $500,000 educational improvement cou¬
vited to
est
rate
are
their
Bidders
Va
more
in¬
are
to bear.- Split inter¬
bids
will
be
but the rate must be in
of
inverse
the rate of interest
name
the bonds
;
accepted
multiples
bid
may name
than three rates.
The bonds
of 1%.
No
registered bonds.
will be awarded to the bidder of¬
Dated June .1,1946. Denomina¬ fering to purchase the bonds at
tion $1,000.
JDue June 1, 1951; the lowest interest cost to the City,
Bidders are requested to stipulate such cost to be determined
by
pon or
.
-
the rate of interest the bonds are
deducting the total amount of the
to bear in multiples of 44 of i%j"
premium bid from the aggregate
and. must be the same for all of
amount of interest upon
the bonds.
No bid for less than
bonds
until
,
all of the
their respective ma-i
will be accepted.
Principal turities. sNo bid of less than, par,
SOUTH DAKOTA
and interest payable at the fiscal and accrued interest or for less
JJnron, S. Dak.
agency of the State in New York than all of the bonds offered will
: Bond Election—At an election
City, or at the office of the State be considered., Principal and in¬
on June 3 the voters will consider
Treasurer, and the bonds contain terest payable at the National City
the following bond issue pro¬ provisions for their registration Bank, New York.
These bonds
as to principal alone or as to both
posals:
were
authorized at an election
$384,000 notto exceed 1 \ interest principal and interest. All of the held on Jap. 15, 1946. rThe Suc¬
water works plant bonds, to bonds are direct general obliga¬ cessful purchasers will be fur¬
tions of the State for the payment nished with the
mature in 1-10 years.
approving opinion
150,000 not to exceed 1%% in¬ of which the full faith and credit of the Atorney-General of Texas,
of the State are
terest storm sewer construc¬
pledged, and as McCall, Parkhurst & Crowe, of
tion bonds, to mature in 1-20 additional security therefor, there Dallas, and Vandewater, Sykes &
is also pledged the annual net
PM % years
Heckler, of New York. Each bid
par
'
.
revenues of all toll
bridges now must be accompanied by a certi¬
sanitary operated by the State or any State fied check or cashier's check in an
■:
sewer system bonds;.; to ma- agency, the first $307,500 of the amount equivalent to 2% of the
annual receipts of any tobacco tax
rp* ture in 1-20 years.
A: "
par value of the total amount of
>;73,000 not to exceed 1%% in-
.
,
shall
(State of)
McCord,
Governor, has announced that the
Slate Funding Board will receive
,
an
now
is
Tennessee
Springfield Township {P. O,
high bid of 101.156 for lVes was
made by A; Webst^ Douglmrty dc
voters at
bondp.
registra¬
vehicle
motor
fees
tion
aire issued^fosr the
Bond
Co., Inc., as Is, at a price of 100,904, a basis of about 0.48%. Dated
Co., and Moore, Tieonaaxl ^ JLynch,
May 1, 1946." Denomination $1,'•
•••
•
203,000 sewer lines «ind disposal jointly,' ' •'
000. These.foohds are due on May
plant.
L, from 1947 to 1951. The next
'BrigeviUej:Pa.
TtS.000 hospital addition..
r. ;
Bond Election—The following highest bidder was Fauset, Steele
75,000 park.
& Co., for $70,000 Is, at a price
/.
/'
bonds will be placed before .the
30,000 fire department. *t!
6fTO0;338.
^,000 municipal stadium.;
called
Erdenheim), Pa.
Bond Sale—The $70,000 sewer
of 1946 bonds offered for sale on sealed
phia, as Is, at a price nf 100.17,
Stillwater, Okla.
1945
of
>
if
indebtedness.
$11,818,000
^(Continued from page 2634)
A,
Tennes-^
one-half of the annual pro-4;
ceeas
.
—
municipal bonds during
March
rate
of the Code of
tion 6821
see,
Sharon, Pa.
Bend Election Planned—An is¬ after oh.Siny interest payment date;
Approved — The State
par
and
accrued
interests
Department of Internal Affairs sue of $4,000,000 municipal audito¬ at
rium bonds may be submitted to In the event less than all of the
w-i
approved on April 27 a $67,000 1 %
bonds outstanding are called, they
the votefs at the June election,
bond issue to refund outstanding
433,000
1947-1951
May
tax
Bonds
r3i5,ooo
1947-1951
un-,
year
___
.
Total sales of Canadian
—.w-._^__«_100.77
For
1,157,000
2,106,000 "
hereafter levied,
or
including the fiscal
not
to exceed
ing the same rate of interest; the*
%, payable J-D. Denomina¬ amount of premium bid will de¬
tion $1,000.
Dated Dec. 1, 1945. termine the award.
The approv-"
Due June 1, as follows: $6,000 in
ing opinion of Wood, Hoffman,
1950, $7,000 in 1951 to 1956, and
King & Dawson of New York, will
$8,000 in 1957 and 1058.
The be furnished.
Enclose a certified?
bonds are optional for redemp¬
check for 2% of ihe bonds bid
for^
tion foAinverse numerical order,
payable to the State Treasurer^
on any interest payment^ date at i
par and accrued interest plus a
TEXAS
premium of $17.50 per bond if
Agua Dolce Independent School
called on or before June 1, 1953,
District, Texas
and a premium of $15.00 per bond
distribution system.
Johnson,
jointly
'
1947-1959
1951-1961
1962-1965
_3
2
23A
—3^
Ont.
1923
Township,
Basis
1955-1959
1960-1968
:
1923
Teck
Johnson &
Price
Water
Que.
1923
.
100.07
Amount
T947-1954
—23A
Dist.,
B.
C. —
—_—3
Montreal Protestant Sch. Board,
1923
.
$3,009,000
Maturity
Water Dist.,
—'
Vancouver
.
funding, ; Series
Interest
,..101.0$.: operation of
jointly
.....
funds obtained l>s Sh*oud ife Co.,
r Refunditig bonds. Dolphin & Co., and
AWARDS DURING MARCH
It) years
20 years
Ripley & Co.,
inc., and(. P: H
W. H.
municipalities
—2V2
C.
B.
Greater
1923
bidding
190.13
Dist.,
Water
the
100.03
•
1947-1961
;
in
221v831
175,000
1947-1956
————-
C.
B.
•,
funding and municipal im¬
425,000
1947-1956
>
Greater Vancouver
■rpfl
$220,000 semi-;
May 8—v. 163, p. 2498
jointly to the
Corp. of New
York, and Moore,
Leonard
&
Lynch of Pittsburgh, as 1 Vzs, at
a price of
101.199, a basis of about
1.33%. Dated May 1, 1946.
Due
5,006
and
1 xk
Blair Si Co., inc., and E. H.
Rollins & Sons, bidding jointly
1948-1963
Y.—6-5-2-1-1V4
.Rate
of)__2a/4
Cochrane, Ont.
——3'A
East. York Township, Ont—
2JA
East York Township, Ont—
23A
East York Township, Ont.——3
Port Erie, Ont:
——3
Port Erie, Ont—
3'A
Port Erie, -Ont.——
33A
Greater "Vancouver Water Dist,,
-
1923
on
095
1946-1950
1.10
t
British Columbia (Province
1923
pri¬
101.15
Housing
Name'
the
held
Securities
sive.
455,000
1947-1961
CANADIAN MUNICIPAL
~
'•
at
be
to
for sale on
k$87,442331
Page
voters
Scranton, P-ay
Union
on
—
Bond Sale—The
125,000
d
1923
the
to
annual
a.m.
street
election
May 21.
front
.
-
sales for March <173
bond
l.ll
101.63
125,000
•;
J
be received until 10
V
"
An issue of 17, by E. E. Watkins, City Re¬
and
sewer; im¬ corder, for the purchase of $64,bonds will be sub-' O00;"electrie system revenue, re¬
Election
—were
1950-1967
covering 205 separate issues)———.——
,
.
_
Optiotial. k Not including 811JBi8.0OO temporary loans or
y Stitea and murilcipalities from agencies ^f the Federal Government,
\
100,32
1947-1961
'
4
-r-1
Carlton anl
School Dist.
York, Neb. —
Yonkrrs Municipal
1623
*
1.32
1947-1969
1
Ridgeway,
Yates.
1?77
v.
the
provement of 1946 bonds offered
Weakley County, Tenn._—IV4-IV2Westhampton Beach, N. Y
'
Wichita, Kan.—.;——;
Wichita, Kan.———:
—3A
Wilkin County, Minn
—1
1491
1777
Bond
$150,000
mitted
r42,000
75,000
-•
School
Ind
Township,
.
1947-1961
1%-2V2
.
Township
Washington
*
1947-1965
May 28 the voters will consider
on
>
■
1947-1950
,
School
Independent
District, Texas
*
1488
1947-1976
—
Vanderbilt
1780
Carnegie), Per.
Colorado,
of
-i_
0.94
1946-1975
IV*
——1
;
2'A
Ohio---
111.
Utlca,
1.12
0.90
-
100.23
heretofore
til
1946-47, the annual proceeds of a^J
of 5 cents per gallon upon!
the election to be held on May 21. gasoline, the annual proceeds of A
all fees for inspection of volatile^
substances provided,for by See-*'
ppmpp:TCNNE5SEE;^
$85,000 emergency housing bonds
will be submitted to the voters at
—
1.06
1%
Union County,
t 1918
101.02
100
295,000
1,700,000
505,000
Local Sch.
County, Minn
Ky.__
1489
.
>
of
following bond issues: $400,Bond Election
An issue of 000 park, $400,000 water system,
$150,000 construction bonds will $200,000 street improvement, and
be submitted to the voters at the $209,000 sewage system.
election to foe held on May 21.
Loudon, Tenn.
Bond Offering—Sealed bids wilt
Scott Township (P. O.
'*
1—•
Township
No.
Dist.
-.-r
,
1947-1966
1947-1966
—2
—i—l'A
Texas
1
'
1946-1975
1946-1975
Spencer, Iowa
Stephens County, Tex.—-C--—
Stinnett Independent Sch. Dist.,.
Tex."
—2V4
Teague,
••
101:48'
...........
v
1948-1962
1948-1962
*
Dist.
Sch.
Mich
1778
*
250,000
1947-1964
issue
An
—
Township Sch. Dist.
(P. O. Republic), Pa.
Dist.,
School
Township
1780
>
1.24
__l«/4
j&V*'No£ 8,
:
190.04
Okla.—lTs
City, N. Mex._——-iVa-l"/*
Silver
■1624
:
TO,000
Dist.,
______"2
-——-1%
Ohio
"f 1776
_
1947-1960
Shawnee School District,
1491
:
1.37
Sch.
——•
Local
10131
............
T> ,T
Redstone
134,000
-—-1.10
__
"Park; N. 3
Sharonville
1490
.
pPP- '
0.99
Sch. Dist.
Community
- Independent
.Texas
■
'
—
No'. 2, N. Y
1492
1
101.12
1947-1969
A:—_ 1V*\
School j
114
2%-34-l
.
—5%
County
Cal.
100.10
VA
Cal.
Rosa,
'
.
to
be
to
—
'Dyersbwg, Tenn. ■.
A
Prospect Park, Pa.
Bond Sale—The $150,000 water
.Bond Sale—The ^$82,000. refund¬
ing and improvement bonds of¬ works and electric plant bonds of- i
fered for sale on May 2—v. 163,
fered for sale on May 8—v. 163,
p. ^ 2498 — were
awarded p to p. 2210 — were awarded to the
Schmidt, Poole &. Co^ pf Phila-: Dyersburg .State Bank, as 1V4S.
Interest J-D. Dated June 1, 1946:1
delphia, as l%s, at a price of
Denomination $1,000. These bonds
100.051, a basis of about 1.12%j
are "due- oil'June 1,* from 1947 to i
D5ted May 1, 1946.
Denomina¬
1966w
The next highest bidder)
tion $1,000. These bonds are due
on. May 1, from 1951 to 1971.
The was the First National Bank, of j
Memphis, - -}p
next highest bidder was A. Web¬
; ' j
ster Dougherty & Co.", for IV4S, at
pp'XppP ^. Jackson,), TennP^P
a price of 100.92.
Bond Election
At an election
School
San Jose, Cal.
'S 1775
1,800
13,600
1950-1956
School
County
Bernardino
i.i2
IV2
_
Districts, -Cal.
Sah
;
submitted
election
the
at
heM..oh"3day: 21,
School
-
County
Cal..
Bernardino
1.20
...
TU,~—4% ...1'25,000
1947-1966
1 V*
1947-1966
125,000"
._
Bernardino
San
PXPP'
County
Cal.
Districts,
,
*1775
'
Counties
Monroe
Salem, Ore.
1621
.
-
'School District' No.: '193,
;;«38
1.39
i.i4
A"' 4,600
V
1949-1952
f
Okla.—______\
and
St.. Clair
*
IV4
.
-
-2,600.
"
1949-1952
Rush-Springs, Okla-.^^—Xi-XlX
v
10067
Riverside-County Sch.. Dist,, £al._l V« v
Riverside County Sch. Dist., Cal-lV*;
Rocky River School Dist.,' t)hlo__l V* ;
disc., unio__i i/a
1334
,
100,000
,
X 1487 1 Riverside County., Elsinore Union A
■I "-v,. "TSChocil District, Cal:
1334
1.04
70,000 ;
voters
Election
Bond
$1,500,000 construction and improve¬
ment bonds will be
1948-1954
-Vf X
Port
P"dppfSloaxyPcdU;::S. -Daiu'iP'd'X
ri (P. O. Mt. Lebanon), Pa.
Bond Election—An issue of
Portage Township Sch* Township,.:1
'fjv >.»>*
/ 1336
.
Lebanon Township Sch. Dist.
Basie
5,509
331,000
dl950-1976
Parkersburg, W.'Va.wi—j'
1776
4
' j
...Rate
.•>
Pitt Township, Ohio
1628
'
,
A 4 terest " trunk
line
,
'
7
/
v
THE COMMERCIAL & FINANCIAL
2636
Such check shall be pay¬
bonds.
The bonds will
able to the City.
printed at the expense of the
Delivery of the bonds will
be made to the successful bidder
at the American National Bank,
be
City.
^Austin, or at such other place as
may be requested by the success¬
ful bidder, the cost of delivery
at any place other than the above
by the bidder.
|! bank- to be paid
bidder
The
may
the bonds are not
specify that if
available for de-r
15, 1946, the suc¬
livery by July
bidder at his option may
cessful
liability to
accept the bonds, whereupon the
good faith check will be returned
and likewise after the return of
relieved of further
be
check the City shall be re¬
such
obligation to the
lieved of further
successful bidder.
Ben
1881
.
Bolt Independent
School l
Texas
Approved—An
District,
Bonds
issue of
$28,000 2% refunding bonds was
approved by the Attorney-General
on April 20.
*
Borger, Texas
Election
Bond
II
An issue Of
—
sanitary sewer Isystem
will be submitted to the
at the election ty> be held
$450,000
bonds
voters
on
May 15.
"
Cameron County,
Arroyo Colorado
Navigation District (P.
Brownsville), Texas
O.
-
Hale
Indep. Sch. Dist.,
Center
.,
outstanding voted bonds, are . di¬
rect and general obligations of the
District, payable from ad valorem
taxes levied
against all taxable
able at the
•
$50,000 1%% Improvement bonds.
Due $10,000 April 20, 1947 to
-
115,000 2*4% Improvement bonds.
Due
April v. 20, as follows:
$10,000 in 1952 to 1956, $12,—UJ00 in 1957 and 1958, $13,000
1960
.*■;.7. r
~
$14,000 in
1961.
and
£..■■■.
311,000-2% %
Improvement
bonds.
$25,000
;
■
Kermit Indep.
Bond Sale
Sch. Dist., Texas
Details—The $300,000
($150,000 Is and
IV4S) purchased by the
Kermit State Bank, of Kermit, as
peryiously noted in these columns
bonds
school
$150,000
sold at
were
a
price of par. t
Kilgore, Texas
Bond Sale Details—The $500,000
V
in
Proposed Bond Election
election is scheduled to be
July
on
—
An
program.
held in
Huntington, W. Vd.
— The voters
of
Westmoreland and
Ceredo-Kenova will cast ballots
Bond Election
VIRGINIA
the question of issuing
$350,000 bonds for various
pal projects; •
Huntington,
Albemarle County (P. O.
;
Charlottesville), Va.
munici¬
School Bond Election
Scheduled
Technological College
Judge Lemuel F. Smith, in
(P. O. Lubbock), Texas
Albemarle Circuit Court, an¬
.Bonds Purchased — The follow¬
nounced on April 27 that he would
ing revenue bonds amounting to order a
county bond election to
$4,000,000
were
purchased re¬ be held on June 11 to have the
cently by a syndicate composed of voters determine whether a bond
Blyth & Co., of Chicago, Shields issue of not to exceed $2,000,000
& Co., of New York, Lee Higginshould be offered by the county
son Corp., of Chicago, Braun, Bosto finance a school improvement
worth & Co., Inc., Barcus, Kindred
program.-If approved, the bonds
& Co., of Chicago, First of Michi¬
will probably be 25-year serials, it
gan Corp., of Detroit, Boettcher &
is said.
<
*
x
Co., of Chicago, Charles Clark &
Co., of New York, Rotan, Mosle &
WASHINGTON
Moreland,1 of Houston,
Martin
Grays Harbor County, McCleary
Burns & Corbett, of Chicago, First
Sch. Dist. (P. O. Aberdeen),
Southwest Co.,
of Dallas, McWash.
Clung & Knickerbocker, of Hous¬
v
Texas
f
•
.
,
,
$1,000. Principal and in¬
terest payable at the American
National Bank & Trust Co., Chi¬
cago. These bonds, in the opinion
of cousel, will constitute direct
and general obligations of .the
District, and all taxable property
within the District is subject to
valorem taxes with¬
as
to rate
amount
or
to
pay such bonds and the in¬
terest thereon. Legality approved
by Vandewater, Sykes & Heckler,
of New York.
Clarksville Indep. Sch. Dist. (P. O.
Clarksville), Texas
7
>
Bond Offering—Sealed bids
will
Superintendent of Schools,
purchase of $175,000 school
Bidders
the rate of interest.
in 30 years.
are
to
name
Due serially
Matogorda County Road District
No. 6 (P.O. Bay City), Texas
Bonds Approved—An issue of
1%% road construction
Donds was approved on April 18
$25,000
by the Attorney-General.
McAllen, Texas
Bond
Election
—
Texas
;k
Menard County (P. O.
Menard),
T exas
Bond
$50,000
Election
road
—
An
issue
construction
of
bonds
will be submitted to the voters at
the election to be held on May
18.
Approved—An
issue
School District
{P. O. Nixon),
7
Texas
$38,000
Bonds Sold—An issue of
.
of
$50,000 2%% and 3% refunding
bonds was approved on April 20 by
the
$500,000
election to be held on May 14.
Nixon Independent
Bonds
The
sanitary sewer revenue bonds will
be submitted to the voters at the
\
Dilley Independent School -T
District,
The $850,000
2%
and
April 19 by the Attorney-General.
M.
for the
house bonds.
—
road con¬
struction bonds were approved on
1%%
114%,
-
be received until May 22, by D.
Tate,
..
Bonds Approved
Attorney-General.
2Vz%
refunding bonds was pur¬
chased recently at a price of par
by Dewar, Robertson & Pancoast,
of San Antonio.
Dated March 1,
1946,
Galveston County (P. O.
Denominations
$500. These bonds
Galveston), Texas
are
$1,000
due
on
and
Jan.
1, as follows: $1,500 in 1947 to
1952, $2,000 in 1953 to 1956, and
mZ.- $1,500,000 Seawall bonds $3,000 in 1957 to 1963. Principal
will be submitted to the voters at and interest payable at the Nixon
State Bank, Nixon.
an election anticipated to be held
These bonds,
issued to refund a like amount of
in the near future,
Bond Election Planned—An is¬
sue
.
primary election on Aug. 6, it was
announced recently by Frank S,
Whitney, City Engineer.
The air-*
port financing plan" contemplates
an overall initial cost of $2,000,000.
Half is to be obtained from the
Federal
Government,
following
passage
by the Senate of a halfairport
financing
billion-dollar
billwhich already has cleared the
House! The local airport sponsors
are confident the bill will pass.
Of the remaining half, the voters
Westmoreland and
district will con¬
tribute $750,00A if the bond issue
proposal carries. Wayne County
will contribute the 700-acre air¬
port
site at Sweet Run near
Ceredo. The city of Ashland, the
Boyd County Fiscal Court and the
Cabell County Court will be asked
for sums aggregating $250,000.
A bill, orginating in Ashland,
was enacted by the last Kentucky
general assembly authorizing the
expenditure of public funds out¬
$75;000 in 1962, $80,000 in 28, by Carroll Carter, County
side the state for airports. There
1963, $100,000 in 1964, and Treasurer, for the purchase of
was no stipulation as to how such
$84,500 school bonds. Interest rate
$105,000 in 1965.
funds were to be raised.
I
925,000 2%% Building, Series of is not to exceed 3%, payable J-J.
An intensive public campaign to
1946 bonds. Due Nov. 1, as Denomination $500. Dated July 1,
.
^ Dated April 20, 1946. Denom¬
$750,000 Huntington-Ashland
airport bond issue at the regular
on a
^
.
ination
,
*
.
the levy of ad
out limitation
'7
c
—
street paving bonds sold as Is to
1962 and the Kilgore National Bank, as
77I
1963, $45,000 in 1964, $47,000 previously reported in these col¬
in 1965, $49,000 in 1966, $50,- umns, was taken by the bank a000 in 1967, $52,000 in 1968
a price
of par.
Dated April 15
and $18,000 in 1969. Callable 1946 and due $50,000 annually on
on
any interest date in nu¬ July 15 from 1947 to
1956 incl
merical
order
on
or
after Denom. $1,000.
Interest J"-J.
Bonds Voted—Al an election on
ton,
and Dewar, Robertson &
April 20, 1961.
"I Lubbock County (p. Oi tub*
April 27 the voters authorized aix
pancoast, of San Antohio:
149,000
2Vz%
Improvement
issue
of
bock), Texas
$18,000
construction
life: bonds.' Due April 20, as fol$1,0757000 2%% Building, Series bonds.
Bond Election—At an election
of 1946, bonds. Due Nov.
:
lows: $36,000 in 1969, $56,000
on
May 18 the voters will consider
as
follows:
$30,000 in 1950
in 1970, and $57,000 in 1971.
King County, Federal Way Sch.
an issue of $350,000 road construc¬
A $50,000 ; in
Dist. No. 210 (P. O. Seattle),
1951, $55,000 in
IY Callable on any interest date tion bonds.
1952 and 1953, $60,000 in 1954
in numerical order on or after
Washington
Bond Offering—Sealed bids will
and 1955, $65,000 in 1956 to
April 20, 1961.
Lynn County (P. O. Tahoka),
Texas ' ■
1958, $70,000 in 1959 to 1961, be received until 11 a.m. on May
;
-
-
,
,
,
20, as fol¬
Due April
lows:
April 30
1
•
•
■" On
>
46th
;
Lubbock, or, at the option of the
holder, at the American National
Bank & Trust Co., Chicago. De¬
.
1
1951.
t
First National Bank,
Ave., N. E., et al.; Dist, No.
Texas
"-'-'V:
5534 bonds, Nos. 28 to 34.
{|
7
Bonds Defeated—At an election
28th Ave., West, et al., Dist. No*
on April 27 the voters rejected a
nomination $1,000. Coupon bonds, 5559, Nos. 5 to 7.
property therein, within the limi¬
proposed issue of $150,000; im¬
tations provided by law. Legality registerable as to principal. These
On May 3
provement bonds.
,
approved by Gibson & Gibson, of bonds are to be issued by the
33rd Ave., West, et al., Dist, No*
Hereford, Texas |
Board of Directors of Texas Tech¬
Austin.
5586 bonds, Nos, 1 to 30.
Bonds
Voted—At the May 2
nological College, a body corpor¬
North Texas State Teachers ColInterest ceased on above bonds
election the voters authorized an
ate, which Under the constitution
■'
lege (P. O. Denton), Tex.
' "
on dates called. Cash is also avail¬
issue of $50,000 park improvement
and laws of; the State of Texas is
7 Bonds Purchased — An issue of
able to apply on the following
and swimming pool bonds.
vested with the authority to issue
$75,000 2%% construction bonds
bonds for dormitories
and re¬ matured bonds: District No. 4463
Hockley County {P. O. Levelwas purchased recently by Emer¬
No. 3701
fectories and to pledge the net bond, No. 104; Dist.
land, Texas
son, Roche & Co., of Austin, and
income thereof for the payment bonds, Nos, 67 and 68.
Bond Offering—Sealed bids will Garrett & Co., of Dallas, jointly. '
7 -rJ
\
^ »,
v~
*'
v
t„-'
*y ; -> >
of principal and interest,
be received until 2 p.m. on May
Skagit County Public Utility Dist•
Orange Independent School
Ward County Water Improvement
21, by Z. O. Lincoln, County
(P. O. Mount Vernon), Wash.
District, Texas
'
Court Ruling Approves Bond
Judge, for the purchase of $750,
District No. 2, Texas
Bonds Approved—The $182,000
000 coupon road bonds. Interes
Tenders Wanted
William O. Issuance—Superior Judge W. L.
2!/4% and 2^% refunding bonds
rate is not to exceed 2%K payable
Walker, ♦ District Secretary, will Brickley ruled at Mount Vernon
were approved on April 19 by the
M-N. Denomination $1,000. Dated
receive sealed tenders until 2 p.m. recently, that John Wylie, District
Attorney-General.
June 1, 1946. Due on May 15 as
on
June
1 of 2-5%
refunding Secretary, be required to sign the
follows: $53,000 in 1947, $71,000 in
Palacios, Texas bonds, dated Dec. 1, 1937, Approx¬ $135,000,000 bond issue which was
1948 and 1949, $66,000 in 1950 and
Bond Election Planned—An is¬ imately $10,000 is available for authorized by the County Com¬
1951, $71,000 in 1952, and $88,000 sue of $25,000 municipal market that purpose and only tenders missioners on March 29, for put-*
in 1953 to 1956. These bonds are
improvement; bonds will be sub¬ naming a price of less than par chase of the Puget Sound Power
portion of a total issue of $850,
mitted to the. voters. at an elec¬ and accrued interest will be con* & Light Company holdings. It is
000 authorized, $100,000 of whic
tion to be held In the near future. sidered.
expected that the decision will be
are reserved for purchase by two
appealed to the State Supreme
Parker County (P. O. Weather*
Wcstaco, Texas
local banks. The bonds are re
Court for final determination of
ford), Texas
Bonds Purchased — An issue of
served on a pro rata basis of eac
questions surrounding the pro-*
Bonds Voted —* An issue of
$200,000 water plant bonds, au¬
year's maturities and will be pur
$50,000 hospital bonds was favor¬ thorized at the election held on posed purchase.
chased at the price paid for the
The Superior Court ruling dis¬
ably voted at the election held April 6, was purchased recently
balance of each year's maturities
missed complaints of the Weyer¬
on April 27.
by R. A. Underwood & Co., of
Bids to be on forms furnished by
haeuser Timber Co. of Tacoma,
Dallas.
the County Judge. Principal and
San Antonio, Texas
intervenor in the test case to
Bond Election—At an election
interest
payable
at the State
Wichita Falls, Texas
determine the legality of the plans
Treasurer's office. The approving on May 28 the voters will con¬
Proposed Bond Issue — The by a pool of 16 'State /Public
opinion of Chapman & Cutler, of sider the following bond issues: Commissioners Court is scheduled Utility Districts to purchase the
Chicago, will be furnished. En
$2,300,000 sewer , mains and lat¬ to prepare the necessary data in utility company's electrical
close a certified check for 3% o
erals, $1,100,000 storm sewers, and connection with a proposed issue facilities,
the face value of the bonds.
$1,000,000 sewage treatment plant. of $800,000 bonds, representing the
y;
:-r v,'
7;
1
..'"•N ~ I-'
t. /
WEST VIRGINIA
city's share in a $2,000,000 housing
Sherman, Texas|j
Jefferson County {P. O.
Sold—A syndicate " composed by M. B. Vick & Co., Chi¬
cago, Huss & Co., and McRoberts,
;
Graham &
Co., both of San
Antonio, R. A. Underwood & Co.,
( Beaumont), Texas
7 Dallas, and William N. Edwards
Bonds Defeated—At the election
§■ & Co., of Fort Worth,, recently held on April 27, the voters re¬
purchased the following $625,000- jected the proposal to issue $6,bonds which were authorized at
000,000 in road bonds, according
f an election on April
to report,
Bonds
•
Monday^ May 13^4946
CHRONICLE
:
follows:
$110,000 in 1966
and
1967, $115,000 in 1968, $130,i: 000 in 1969, $135,000 in 1970,
1946. Due July 1, as
in 1948 to
follows: $4,500
1950, $5,000 in 1951
of Huntington,
Ceredo-Kenova
win
support
fc^r the bond issue
to proposal in the areas where bal¬
lots
be
will
cast
to be
is
con¬
1953, $5,500 in 1954 and 1955,
ducted. Tentative plans call for a
and $165,000 $6,000 in 1956 to 1958, $6,500 in
1959 and I960, apd $7,000 in 1961 campaign similar to that which
IS?; in 1972. Callable on May 1,
and 1962. The District reserves the put over the school bonds issue ir%
7 1966, at par.
1936. The voters are to be in¬
1,400,000 2y2% Building, Series right to redeem any or all out¬
formed that with them rests the
77 of 1946 bonds. Due Nov. 1, as standing bonds on and after 5
decision regarding whether Hunt¬
;l follows:
$170,000
in 7 1973, years from date of issue. Principal
ington and its neighboring com¬
$175,000 in 1974, $180,000 in and interest payable at the County
munities fall in step with the air
7 1975 and -1976, $185,000 in Treasurer's office, or at the fiscal
7
1977, $190,000 in 1978, $195,- agency of the State in New York age, or remain behind thetimes
from now on.
000 ill 1979, and $125,000 in City. Enclose a certified check for
The proposed bond issue would
7 1980. Callable on Nov. 1, 1956, 5 % of the amount bid. V'-••.'I'-"*7'.''K1^}
be a three-year emergency issue,
at par.
Seattle Local Improvement Pist. l within the West Virginia tax limi*
600,000 214% Building Series of
7777,:
Washintgon
tation amendment.
1946 bonds. Due Nov. 1, as
Bonds Called — H. L. Collier,
follows: $75,000 in 1980, $205,City Treasurer, has called for pay¬
WISCONSIN
000 in 1981, $210,000 in 1982,
ment at his office the following
and $110,000 in 1983. Callable
Madison, Wis*'',
7
bonds:
'
.
,
r J
1
$160,000 in 1971,
;y
'Wny•
,
:
t
j
Plans Bond Issue—George ForApril 25
Dated May 1, 1946. Legality to
45th Ave., N. E., et al. Dist. No. ster, City Auditor and Comptroller,
has announced that the Common
)e approved by Chapman & Cut¬
5497 bonds, Nos. 24 and 25.
Council on April 26, approved
er, of Chicago, and
Gibson &
On April 26
initial resolutions authorizing the
Gibson, of Austin, also the AtNorth Broadway, et al., Dist. No.
issuance of the following bonds
;orney
General of' Texas. The
5281 bonds, Nos. 274 to 276.
amounting to $1,100,000:
bonds are payable as to principal
29th Ave., West et al., Dist. No*
and interest solely from the ap¬
$100,000 river improvement bonds,
5449, Nos. 271 to 290.
plicable net revenue of the Col1,000,000 I street
improvement
On April 27
»
ege Dormitories and Dining Halls.
bonds.
:|| I- - ■ 1
Alley Block 12, Green Lake
They " dO'Tnot constitute an in¬
The above bonds carried at th$
debtedness, of the. State of Texas. Reservoir Addition, Dist. No. 5557
election held on April 2,
|
Principal and interest (M-N) pay- bonds, No. 11*
May 1, 1949.
On
.
,
.
@FedFRASER