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Iky
i
MONDAY
b'
Volume 161
>
New
Number 4385
Price 60 Cents
York, N. Y., Monday, May 14, 1945
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
•
3l/4%
of
.
ferred
first
ICC to issue $90,000
4 14 % cumulative pre¬
authority of the
bonds and $80,300 of
asked
mortgage
stock.
Proceeds
call,
has
company
at
of
105
^'$90,000
sale
of
$74,900
4j/2%
the
be
used
preferred stock
cumulative
67c
ICC
to
souri
company
the
Pacific
Pacific
p.
approval,
Sumner
Paper Co., Ltd.—Payment on Prin-
to
be
issued
$38.80 u.
The
Exchange
Canadian
in
funds.
11%
(At
Sewall,
and
in
interest,"
of
the
board.
Air
J.
board.
formed
was
company
United
E.
be
G.
Richardson,
Vice-President;
and
H.
M.
W.
of
bond
Coverdale,
11
no
31
1943
$1,049,689
$2,515,917
551,719
1,598,647
$497,970
$917,270
52,608
70,279
174,310
$557,531
credits
Other
March
$504,923
Profit
$508,249
$1,091,580
—
.
V
a
Total
income
for
tProv.
income
Fed.
taxes
profits
Net
profit
Earned
&
excess
272,500
696,000
$295,749
$395,580
280,000
———jY—
$277,531"
____
7,148,928
surplus
7,229,501
$7,427,864
$7,625,081
315,000
315,225
319,275
$7,111,459'
$0.66
$7,112,639
$0.70
$7,305,806
$0.93
paid
surplus, March
31
—
"Including depreciation of $40,857 in 1945; $51,015
in 1943.
tAfter post-war refunds of $15,000 in
$73,541
Issue
This
7,132,115
$7,426,459
1_
surplus, Jan.
Total
for
1944
and
YYY\'
Slock and Bond Quotations
See V. 161, p. 1873.
*
*
Stock
Stock
New
York
Curb
—
Has $64,000,000 of Unfilled
on May 4 reported that unfilled orders
exceeded $64,000,000 which included 3,549 ACFBrill. buses and trolley coaches.
The war contracts amounted to
$16,410,000.
'?■
\7'
Consideration of a dividend would come when the outlook was more
April
for
$61,000
1943.
;'_Yy
.
/
in 1S44 and
1945; $14,500
,
'
t
with
the
to
respect
of
the
war
contracts,
said
YYY
Y^Y'..a-! V'"
1873.
p.
status
Boston
Stock
Exchange---
Y;■
Stock
Cleveland
_
on
Split-Up Shares—
Los Angeles Stock
directors on May 4 declared a quarterly dividend of 30 cents
per share on
the new capital stock, par $10, payable June 12 to
holders of record May 22.
This is equivalent to 90 cents per share
on
the old $25 par value stock which was outstanding prior to the
recent 3-for-l stock split up.
A quarterly distribution of 75 cents
per share was made on the $25 par shares on March 12, last, and in
each
quarter during 1945.
In addition, the old stock received an
extra of 50 cents on Dec. 12, 1944.—V. 161, p. 1873.
The
Philadelphia
Stock
2140
——2140
Exchange-.-
Exchange
St. Louis Stock Exchange
Pittsburgh
Toronto
Stock
2140
Stock Exchange
Montreal Stock
Albany & Susquehanna RR.—Merger Approved—
Over-the-Counter
stockholders
at
special
a
Transactions New
York
Cables & Radio, Inc.—New
LeBaron,
Eugene
board
of
of
trustees
formerly
of
American Rolling Mill
2127
?
Features
profit
-
share.
"After all charges.—V-
Earns,
.Y
Vice-Pres.—
com.
per
News.2105
State and City Bond Offerings and Sales__2155
Redemption Calls and Sinking Fund
Notices
__2147
The Course of Bank Clearings.
_____.2145
Dividends Declared and Payable.
2148
Operating
Operating
expenses
2148
Operating
taxes.,.
General Corporation and Investment
Vice-President and a member of the
Bank of Washington, has been
All
recoveries on ships lost over depreciated ccst), $8,323,936;
(par $10), $4,200,000; earned surplus, $7,111,459; total,
$24,876,476.—V.* 160, p. 2393.
Quarter End. Mar. 31—
the Export-Import
Vice-President
a
taxes,
capital stock
"Net
Cables & Radio, Inc., an
affiliate of the International Telephone & Telegraph Corporation,
it
was
announced on May 8,—V. 161, p. 977.
elected
agency
Curb Exchange___2127
Stock and Bond Averages
Miscellaneous
All America
profits
partial
2144
Markets
Transactions New York Stock Exchange—2127
meeting held on May 2 approved the
proposed merger of this company into the Delaware & Hudson RR.
Corp.
Holders of 27,330 shares, or 73.087>, of the 35,000 outstanding
A; & S. shares voted in favor of the merger.
Holders of 796 shares
voted against it.
The proposal is subject to the aproval of D. & H.
Co. stockholders, who will meet on June 7.—V. 161, p. 1533.
The
—2143
.
under
excess
2142
Exchange.
American-Hawaiian
and
payable and accrued liabilities, $940,800; ad¬
arrangements, $1,160,100; Federal income and
estimated, $1,400,181; reserve for cargo claims,
$10,000; reserve for contingencies, $580,000;
reserve for insurance,
$1,150,000;
reserve
for vessel replacements
(excess of complete or
vances
Toronto Stock Exchange—Curb Section.—2142
Montreal Curb Exchange—
Commission
Liabilities—Accounts
2141
—
America
Co. (& Subs.)—Earnings—
1945
$1,875,502
$0.48
revenues
Uncollectible oper. rev._
1944
$1,229,035
$0.25
1943
$1,535,205
$0.36
1942
$1,731,635
$0.43
1534.
161, p.
American Telephone &
Period End. Mar. 31—
——_
„
>
the
assets,
time
2139
2139
Exchange
$4,583,869;' obligations of
less amortization of premiums,
allocated to insurance fund,
deposited in banks to the
fund
A---2139
Y—_——
hand,
at cost,
accounts
$1,150,000; vessel replacement
credit of United States Mari¬
Steamship Company, joint
account; (cash in banks, $606,427; obligations of the United States and
its instrumentalities at cost, less amortization of premiums, $8,206,873).
$8,813,300; cost less depreciation of vessels requisitioned as to title,
for which compensation is due from the
United States Government,
$16,598; vessels (after reserve for depreciation of $5,864,556), $127,225;
shore plant
(after reserve for depreciation of $319,934), $71,805; in¬
ventory of steamer equipment, $87,951; unexpired insurance and other
deferred items, $8,067;
total, $24,876,476.
assets
$1;
.—-k—2138
Exchange
Detroit Stock Exchange—
30-Cent
Steel Co.—Pays
Acme
J—
instrumentalities
its
and
on
profits tax, estimated, $633,500; estimated refund of Federal taxes for
prior years under carry-back provisions of Internal Revenue Code,
$22,200; mixed claims awards
(aggregating $2,382,945, less reserve),
—Y—2138
Cincinnati Stock Exchange.
S.
and
banks
in
receivable,
U.
S.
Government
(less
reserve),
$2,263,645;
miscellaneous accounts receivable
and claims, $496,629;
Inventory of merchandise and supplies, at cost, $32,100; investments
in stocks of other companies,
$814,564; post-war refund of excess
—2132
—-2137
—————2137
Chicago Stock Exchangei
Mr.
U.
(Bonds)2128
Exchange..-
Consolidated Balance Sheet, March 31
1
Assets—Cash
$5,755,022;
—2117
(Stocks)
Exchange
Exchange
Baltimore Stock Exchange
1945,
30,
;
Page
Y.
York
;
as
594,848
expenses
Earnings per common share
York
Hardy.—V. 161,
,
which
1944
$1,099,771
revenue
Earned
New
certain
»
Operating
Thomas Burke,
Vice-President in charge of operations;
New
^
on
Statement for Three Months Ended
Income
1945
J. C. Gardiner, Jr., Secertary and Assistant Treasurer,
Gillespie, Treasurer,—V. 159, p. 1241.
'
' i Charles J. Hardy, Chairman,
:
continues
who
vessel
a
In
1, 1945.
on June
ACF-Brill Motors Co.
'*■
;Y
elected Presi¬
Maine, has been
H.
to another
received.
requisitioned
has yet been
title
161,
Dividend
directs that the bonds dealt in as "Stamped as to
Canadian funds of $484.18 on principal and $102.32 on
quoted ex the above payment of $43.07 in Canadian
per $1,000
of
:7Y7f
^
was
compensation
year,
of
Consolidated
Texas
the
cars.—V.
post which he recently resigned.
Other newly elected officers include J. M. Eaton, Vice-President; D.
Lines, Inc.,
Orders—Dividend Action Delayed—
as
and
cars;
hopper
Slater, Executive Vice-President since the
years
ago,
has been made Chairman of
years Mr. Sewah seived as a director of
eight
last
the
For
succeed
to
/
.
hopper
covered
;Y.;.:;;*/Y::;.Y
former Governor
director
a
\.7':
s.)
steel
approximately
premium,
this
of
Mis¬
Excnange
payment
funds
Stock
70-ton
orders;
following
Export Airlines, Inc.—New President, Etc.
sold to Kirchofer
announced on May 4 that it has
received notice that pursuant to order of the Supreme Court of On¬
tario payment
will be made on and after June 1, 1945, on first
mortgage gold bonds, series A, 57<, due 1953, in respect of each
$1,000
original principal amount, of $43.07 in Canadian funds on
account
of principal,
on presentation
of bonds for stamping at the
City Bank Farmers Trust Co., New York City.
Residents
of
the
United
States
may,
under regulations of the
Foreign Exchange Control Board (Canada i, obtain Upited States dollars
at the Control Board rate in settlement of checks for such payment
York
covered
70-ton
Co.—fifty
the
of
"Operating
the
New
receipt
and to refund
cipal—
The
Ry.
'
member
Power &
RR.—fifty
1649.
dent
Abitibi
the
announces
American
both issues have been
& Arnold, Raleigh, N. C., at 98.—V. 144, p. 269.
Subject
finance
to
bonds.
refunding
serial
will
issues
two
MISCELLANEOUS
-
tender
The
&
,
from
INSURANCE
-
American Car & Foundry Co.—New Orders Received
Aberdeen & Eockfish RR.—Plans Bond, Stock Issues
The
INDUSTRIAL
-
Telegraph Co.—Earnings—
1945—3 Mos.—1944
$20,898,614 $19,83.9,422 $59,664,199 $58,197,361
61,569
87,620
178Y100
251,500
1945—Month—1944
"
—
RR.—Trustee Notes—
Alton
„
The
ICC
April
on
authorized
23
Exchange Rates
Combined Condition Statement
Foreign
the company to issue at par a
promissory note
or
notes for not exceeding $1,340,000 agggregate
principal amount, in further evidence of, but not in payjnent of, the
unpaid portion of the cost of certain equipment purchased under a
conditional-sale
agreement.—V.
161,
p.
1873.
£
Amerex Holding
The
directors
have declared
a
American Box Board
isters With
-
($1
part
Paul
and
.
The
Previously
37J/2 cents
of
the
w'.ll be reserved for issuance upon conversion of
portion of which will be used in the following
reserved for use as the company's contribution to
profit-sharing incentive retirement trust; $220,000 for sale to the
and $177,000 are to be offered to officers and salaried employees
outstanding securities,.—V. 160, p. 1962.
y
exchange for
SPECIALIST L\
FLORIDA & NEW JERSEY
American-Hawaiian Steamship Co.—Quarterly Report
P.
Chairman, states:
Farley,
November 1944,
In
the Government tendered the company $4,304,990
compensation for seven title requisitioned vessels.
This tender
was rejected
because in the company's judgment it did not represent
just compensation.
In April 1945, as provided by statute, the com¬
received
pany
tendered
$3,228,742
amount)
with
respect
to these vessels
without prejudice to its claims for
(75%
of
is
March
31,
1945 which reflects only their depreciated
cost.
YY iY;YY ELECTRONICS
/YYrYYY1
In January
'
•
YYY.'.;/
RAILS
Established 1922
Tele-phone:
HAnover
2-2600
Teletype:
39,092,315
40,492,687
1874.
p.
the
of
output
Electric Co., Inc.—Output—
properties of this company for the
89,272,000 kwh., an increase of
kwh. for the corresponding week
electric
May 5,
1945 totaled
the output of 81,556,300
over
1944.—V.
161,
1990.
p.
The company
free
Co.—Would Retire Bonds
has asked the SEC to authorize it to utilize $750,000 of
in the acquisition of Appalachian Power Co., 6%
cash"
A, assumed by it.
Appalachian proposes to
it for the purchase of as many bonds
with the sum of $750,000, exclusive of accrued
interest
at the lowest prices at which the bonds are tendered.
In no
event
the petition stated, will Appalachian acquire debenture 6s at a
price'which shall be less than'the amount at which the debentures are
callable as of July 1, 1949, which is 110.
.V j
The debenture 6s are admitted to unlisted trading privilege? on the
New York Curb Exchange and in recent months sales have been made
at prices varying from 123 to. 126.—V. 157, p. 2209.
' f
gold
invite
as
debentures,
tenders
may
be
to
series
made to
be
purchased
Banks, Corporations and Individuals have found
an effective market place for large or small
j
us
which
NY 1-573
I
'
are
not
readily marketable.
INQUIRIES INVITED
INCORPORATED
Members
45
NEW YORK 4, N. Y.
Bell
$5,841,256
BLOCKS of SECURITIES
INDUSTRIALS
Kobbe, Gearhart & Company
STREET
the
further payment.
proposed to deposit these funds in the company's Construction
Reserve Fund.
Company's claim for compensation for title requisi¬
tioned vessels is not included in the
consolidated balance sheet of
It
DEPARTMENT
qAllen& Company
30 BROAD
18,419,201
$6,224,489
40,392,953
ending
"excess
as
Municipal Bonds
MUNICIPAL
20,687,781
Appalachian Electric Power
Edward
trust
in
9 45%
Co., Grand Rapids, Mich.—Reg¬
stock
a
161,
6,446,195
$2,078,920
40,086,070
<
registration statement covering
debentures and 109,375 shares
common stock.
Paine, Webber, Jackson & Curtis, Boston,
H. Davis & Co., Chicago, are the principal underwriters.
$250,000
—V.
Power
SEC—
common
manner:
7,131,196
$2,096,847
income^
oper.
$20,837,045 $19,751,802 $59,485,399 $57,945,861
11,609,002 11,226,687 32,573,129 33,685,404
.
American Water Works &
has filed with the S^C a
of 20-year 4'/2% convertible
debentures,
the
revenues—
income
Net
week
Company
$1 750,000
2148
Banks of
—2148
—
Statement
semi-annual dividend of 50 cents per
payable June 9 to stockholders of record May 17.
company
made regular semi-annual distributions of
share.—V. 160, p. 2289.
per
—
i Net
Corp.—Increases Dividend—
share
the
of Federal
of Member
Federal Reserve System——
Reserve Banks
Condition
V.
Operating
New
York
Security
NA8SAU STREET,
Dealers
Association
NEW YORK
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
5
Bell Teletype
New York 1-576
HILL, THOMPSON & CO.,
120 Broadway,
New York 5, N. Y.
INC.
—V.
154,
1258.
1
Co.—Preferred Stock Offered
Ashland Oil & Refining
Total income
headed by A. G. Becker & Co.
of 6,303 shares of
preferred stock in exchange for
cumulative convertible preferred
cumulative
5%
its
of its 414%
shares
option
the
Divs.
the
In
the
of
opinion
May 8,
counsel
preferred stock
personal
Pennsylvania
($1 par)-
Common stock
reserved
shares are
*320,000
Jan.
531,015
and deplet..—
and
8tate
tTaXes
refund of
war
SAfter
ment.
$290,000
the
for
stated
are
the
of
and
fiscal
Sept.
ended
years
been
and
is
'
in
engaged
the
the
575
miles
Underwriters—The
■unsubscribed
are
and
Co.
of
of
names
of
outstanding capital stock
which
owns
and
operates
gathering lines in Western
the
oil
underwriters
and the percentages
of
unexchanged stock to be purchased by each of them
A.
G.
Name—
Becker
Uadenburg,
&
Co.
Inc.-,-
Thalmann
21.25
Kebbon,
Co.
Lee
The Bankers Bond
&
Brothers
5.00
O'Neal, Alden & Co., Inc
Smart
&
Wagner-
7.50
J.
Security
6.00
Kuhn, Loeb
Bacon.
&
Co——
Bond
Whipple & Co—*
Van Hoosei;
D.
additionai
reelected
President,
reelected
2.00
trustees
the
of
and
William
cents
1945,
11,767,255 kwh.,
V. 161. p. 1990.
or
to
amounted
9.6%
&
Gas
161, p.
that the board of
Alfred
Iddles
May 5
on
•
The
1,
special
the
to
assistant
Harter,
Isaac
Treasurer
Sheldrick
E.
E.
A.
was
public 280,312 shares of 4V2% cumulative preferred stock
of ($20 par). The stock was
priced at $22.50 a share.Of the total offering, 238,000 shares are
subject to the
company's proposal of exchange made to holders of the
$1.25 cumulative preferred stock.
all
of the
sale, with
other
funds,
will
the
on
split-up
stock
stock
common
15,
March
on
out¬
1945.—
Chicago—April Sales—
-V.
Assistant
and
1945—4 Mos.—1944
1945—Month—1944
sales
Combined
re¬
$8,040,805 $32,317,359 $32,767,427
$8,367,106
5,434,881
1,399.611
1,355,340
sales,..
4,653,28®
161, p.
$9,440,415 $37,752,240 $37,420,715
$9,722,446
1992.
additional Executive
as an
161,
The
Guaranty
the
for
trar
Trust
of
Co.
York has
New
stock.—V.
common
161, p.
appointed co-regis¬
been
1992.
Central Illinois Electric & Gas Co.—Co-transfer Agent
The
1763.
p.
For
share has been declared on account of
stock, par $100, payable July 1
ac¬
preferred
like amount
A
5.
of
1945
disbursed
was
this
on
A
of
unbilled'balance
Richmond,
Butcher
March
on
31,
1945,
of contracts
9,372.—V.
was
Howell
&
date
12 '/a
of
issue
cents
the
dividend
initial
preferred stock, 4(4%
this
of
share
per
are
payable
to
stock
new
the
on
stockholders
to
of
45
before
taxes
and
of
record
May
Note—After
of
provision
quarter of
outstanding
1945
for
preferred
to
stock.—V.
common
Bell Telephone Co. of
Period End. Mar. 31—
Operating
Uncollectible
oper.
161,
$9,552,145
rev..
Net
than
to,
Austrian;
Offer Made for
—
to submit tenders of
$90 and accrued in¬
amount,
Baltimore
6%
10-year
mortgage
first
received an offer
not exceeding,
but
Boyce,
by
(Md.l,
bankers, haveThe bank¬
investment
individuals to make this offer.
certain
May 14.
m..
The
York
from
value of $5
share
per
The Central
233,126
for
York,
the
1945—3 Mos.—1944
N.
the
for
bonds
not
20,377
23,284
18,088,285
6,371,575
$1,192,465
$3,853,770
$3,620,262
744,173
2,543,047
this
that
it
has
company
has;
been
shares having a parshare-for-share basis.—V. 158, p. 767.; .
'
a
into
Chicago
Louis
St.
&
Bank
Hanover
Trust
&
trustee,
Co..
Y., will until 12 o'clock noon on
sale
it
to
to an
of
St.
RR.—
sufficient
amount
to
New
1945, receive bids;
collateral
trust
mortgage':
of $57,838, at prices;
the sum
exhaust
Broadway.
70
15,
May
first
Division
Louis
exceeding 105 and interest.—V. 160, p. 2068.
Graphite Bronze Co.- -Sales and Estimated!
1945
1944
$15,572,319
$16,127,578:
$1.14
*$1.16?
Quarter Ended March 31—
4,950.648
$1,273,574
announced
24
of
value
sales
tEstimated net profit per common share
16.902,770
1,588,080
stock
par
Profits—
$25,473,680
5,792,030
on
April
on
common
without
Cincinnati,
Cleveland
%
$8,572,575 $28,313,630
Exchange
the
Tenders—
share on 462,375 shares
1874.
7,283
Curb
that
shares
Cleveland,
1944
earnings
the
New
notice
6,177,149
...
p.
received
842,572
income
oper.
161, p.
3
cnanged
2,094,837
2,260,122
income..
—V.
with Carl J.
serve
(Md.)
outstanding
have
up
principal
&
A
per
p.
6,585
Net
Bros.
authorized
was
$8,579,858 $28,334,007 $25,496,964
$9,545,560
...
1946,
prices
Fenna.—Earnings—
Operating revenues..
Operating expenses
Operating taxes.
to
20
City Auto Stamping Co.—Par Value Changed—
$859,826
311,592
dividends,
1945—Month—1944
revenues
in
4,
ing firm has available for th's purpose $200,000.
In order to beconsidered,
tenders
must
be
received
by Stein Bros. & Boyce
not.
cents
stock
$1,138,992
-
cents
60
June
1241.
p.
$546,800
1.
at
$100
per
Stein
been
161,
1945.
1,
1945
renegotiation
amount
161,
the
due May
bonds
terest
1945.
15,
Earnings after taxes but before renegotiation,.
first
for
G. Butcher of
Federal District-
Robert
retaining
set
appointed March
was
of
.Holders
bonds,
their
for the
series,
June
common
new
Quarter Ended March 31—
Earnings
to
been
Dividends—Earnings—
declared
25
cumulative
new
the
of
April
on
the
on
from
Co.—Initial
has
Va.
York.—V.
New
Corp.—Hearing—
objections
any
trustee
a
Chesapeake Paperboard Co.
increases
employees
on
as
Bonds—
making
of
see
hearing
Court,
of this corporation • v/as $81,013,973
additional new contracts were received daring
with
agent
R^hmond
contracts
year
Trust Co.
of New York
has been appointed
cofor the 4.10%
cumulative preferred stock, series A..
V. 161, p. 1992.
Guaranty
offering,
Central States Electric
to
issue
Corp.—Orders—Billings—
No
Net
number
share
dends
was
share but was sub¬
stantially reduced to $1.16 by an increase of the renegotiation re¬
serves.
t After;: provision
for Federal taxes, est-'mated reserves
for
renegotiation and dividend requirements on the 5% preferred stock,
•Originally
—V.
1763.
161,
estimated
$1.50
at
common
per
1093.
p.
Clyde Porcelain Steel Corp.—Registers With the SEC
The
announced
inventory,
Machine
In
Co.,
on
April 30 that this company has purchased the
and uncompleted contracts of the Buffalo Foundry
of Buffalo, N. Y.
The purchase price was not dis¬
of
be
used
to
to
Buffalo
the
purchase,
has
company
William
for
It is believed
our
that this
own
whom
process
make
as
President,
extensive
an
give
to
April
of the
in
Pittsburgh,
attention
to
common
stated
the Buflovak
the
that
acquired
newly
property
161,
Bond
will
in
plant
and
be
of
the
to
used
follows:
as
at
public
by Kobbe,
100
and
Gearhart
&
interest
Co.
and
from
New-
York.
New
$150,000
for
addition
an
the
to
Clyde, Ohio; $100,000 for the purchase of dies
$250,000 w.ll be added to working capital.—V.
Coca-Cola International Corp.—$5.60
will
Equipment Division of Blaw-Knox. and that
in
either
management
or
The
personnel.
the
Buffalo
tory.—V.
offered
and
160r
828.
p.
food, process, and chemical equip-
be
botn
Hano,
equ'nment,
in¬
will
underwriters hpaded
&
Proceeds
main
both
the
by
l
burger
and chemical plants.
here
more
bonds
The
said:
line
property includes an 18-acre site on which are located
plants containing a plate fabricating shop, machine shop, foundry,
pattern shop, and a well-equipped research and demonstration labora¬
redeem
part
.■
announcement
changes will be made
The
made
process
department
products,
markets."
known
be
no
April 30 with the SEC $500,0Q0 of first
sinking fund convert'ble bonds and 100.000
stock, issuable upon conversion of the
registered
5:Va%
15-year
(10-cent
shares
acquisition will enable the operation at Buffalo,
equipment
similar
creased postwar requirements
The
Witherow,
P.
years
many
products for the food industry and for
ment
corporation
mortgage
bonds.
regard
"Tne
Co., Ltd.—Preferred Stock Of¬
fered—Paine, Webber, Jackson & Curtis and Mitchum,
Tully & Co., and associates on May 10 offered to the
proceeds
Placed
Bailey
G.
Phin
also
declared, payable June 1, 1945,
This represents the regular
quarterly dividend on the $10 par value common stock.
Both divi¬
of
Net
made
was
two-for-one
sales_„__
Retail
(Calif.)- -Consolidation-
per
5%
June
balance
31,
dividend
and
:
••
Associated Telephone
the
Butler Brothers,
April 2, last.
The current dividend covers the period
1944 to and incl. March 31. 1945.—V. 161, p. 1874.
directors
period
week
kwh., an increase of
corresponding week last year.—
1
Stock
regular auarterly dividend of
stock, par $1, and the regular-
a
common
which
cents
50
Period End. Apr. 30—
closed.
the
for
group
'
'
161,
1420.
Wholesale
later
report that the
Corp.
Electric
of
before
standing
686.
&
134,781,000
the
over
Electric
&
directors.—V.
elected
been
declared
3
May
on
share on the new
per
distribution
Blaw-Knox Co.—Acquires Buffalo, N. Y., Concern—
Gas
Associated
have
Mills Corp.—New Common
Vice-Presidents,
and
below.—V.
Co.
$2.50
the
on
$424,474,
Bell
5.00
Associated
the
of
subsidiaries,
Hudson
directors
The
or other adjustments in (contract prices
the balance $72,522,885.
Gross fallings in
the
quarter were $26,908,981 but refunds amounted to $35,400,069,
leaving a net increase of $8,491,038, thus bringing the unbilled balance
on March 31,
1945, up to $31,013,973.
It
of
.output
May 4,
director of Niagara Hudson Power
a
Kimball, a Vice-President and director of Central
and of New York Power and £ight Corp.,
Corp.,
11.25
& Co
Associated Gas & Electric Co.—Weekly Output—
The
Controller and
Brett,
Power
quarterly dividend of $1.25 per share on the 5% cumulative preferred
stock, par $100, both payable June 1 to holders of record May 15..
The rate on
the new common stock is equivalent to the quarterly-
1311.
p.
Vice-Presidents.
as
corpoiation started the
plant,
electric
$0.20
$1 Annual Dividend Basis—
25
quarter.'
!
«nded
$0.19
outstanding
i__————
1420. '
p.
Burlington
five plants are located at Barberton and Alliance,
Falls, Pa.; Bayonne, N. J., and Augusta, Ga.—V, 160,
$72,098,411.
added
161, p. 1874.
"TSjfr-
214,120
$224,617
1765.
on
and
Oct.
The
of
2.00
—2.00
& Co—
1945
and John T.
Niagara
p.
3.00
Almstedt
10.00
W. E. Hutton & Co—
-V.
Co.
—
&
10.00
Corp
Brothers——
5.00
Co., Inc.
McCormick
10.00
Higginson
Lehman
%
•'
♦
170,519
shares
1,094.456
on
York
New
Net
Name—
income and excess profits
Co.—New Vice-Presidents—
1932, and Mr. Iddles,
charge of engineering.
record
2
first
per
follows:
as
161,
since
California
of
March
the
p.
the
(Del.),
crude
$438,737
California Water Service Co.—Co-Registrar—
dividend
Total
a
small mileage of gathering lines in
Company's only other active subsidiary is a 100%
and transportation company.
Owensboro-Ashland
approximately
Kentucky.
161,
Corp.,
taxes on
C. U. Savoye has been appointed
Unbilled
on
small marketing
Company's investments include 50%
of
26,312
$383,820
—
....—
$213,301
31,
George J.
to
relating
assets
$2,026,073;
$38,493,298.—V.
two
Bath Iron Works
operates
Western Kentucky,
owned
other
and
Mr. King has been manager qf the Marine Department
was
First
from
company's principal subsidiary, Ashland Oil and Transportation
■Co.
(99.1% of capital stock owned) owns and operates tfre principal
pipe line gathering system serving the oil fields of Eastern Kentucky.
and
$412,425
15,801
—
tors—
company's
Jan.
on
The
owns
receivables
President, announced
Comptroller
holders
proved
and
prospective
1944
$1,857,010
1,444,585
$4,590,695;
Bangor & Aroostook RR.—Accumulated Dividend—
,
development of
other charges
Buffalo, Niagara & Eastern Power Corp.—New Direc¬
$2,651,900;
$173,4891,
of
reserve
1945
securities,
Government
for Federal
total,
Middleton
cumulations
gas
also
March
transfer
lands and interests therein, the production*purchase, sale,
transportation and refining of crude petroleum and the manufacture,
■distribution a'nd sale of refined petroleum products.
It
Sheet, March 31,
S.
(after
payable,
Bankamerica Corp.
engaged in the production of crude petroleum in Eastern
Ashland Refining Co. had been engaged in the trans¬
and refining of crude oil and the marketing of refined
Company
U.
cash
elected
Beaver
See
1944,
1945.
and
1945
$1,770,593
1,402,574
—
2290.
and
petroleum products.
oil
W.
The
Business—Company was incorporated Oct. 31, 1936, in
Kentucky, pursuant to an agreement of consolidation between Swiss
Oil Corp.
and its subsidiary, Ashland Refining Co.
Swiss Oil Corp.
4iad
Pratt
C.
Ohio;
and
Kentucky
portation
had
Secretary.
2,045.000
1,103,605
1943
1942,
30,
-■
,
etc
for Federal
share
Per
—V.
Assistant.
3,954,795
787,190
of $118,100 for the four months ended Jan, 31,
respectively, and
History
of
refund
post-war
1942. tlncludes excess profits
of excess profits of $77,000).
in
refund
Balance
& Wilcox
company
elected
after deducting estimated
net,
Income
income
Net
$113,000.
receivable
Pratt,
and J. H. King.
post¬
excess profits tax and (in 1943) credit for debt retire¬
provision for contingencies of
$19,000,
$6,000 and
31.
of
$6,538,385;
$7,013,501;
directors
provision
for 'depreciation,
depletion, and amortization,
and
provision
for
contingencies.
tFour months
ended Jan.
$674,700
post-war
(after
$720,000
of
tax
1943,
$6,051,062;
Babcock
income,
on
in
notes
Auguste G.
A
818,000
733,866
1991.
p.
(less post-war refundi.
taxes
Mr
245,026
♦Before
profits
refund
and
income
Provision
191,107
V.
1942
2,684,009
1,126,143;
pro¬
of new trans¬
$0.93
Vice-President in
1943
981,000
771,939
920,600
taxes
$0.95
taxes
income—
SNet profit.^'—
on
$0.94
accrued liabilities, $1,035,income and renegotiation
refund, $4,598,116; dividend accrued on preferred stock, $57,164; ad¬
vances
and other liabilities relating
to U. S. Government cost-plusfixed-fee
contracts
(contra),
$4,865,144;
notes
payable
due
1950,
$522,400;
reserves,
$1,680,292; 5%
cumulative convertible preferred
stock
($100
par), $6,859,700; common stock (263,936.25 shares, no
par),
$8,797,875;
capital
and
paid-in
surplus,
$1,037,710;
earned
conversion of 414%
3,334,674
1,291,735
1,814,741
i:Fcd.
$1.37
liabilities—Accounts
40,000 shs.
964,000 shs.
1944
gear
automotive ancS
$38,493,298.
$9,858,130 $18,736,838 $17,057,808 $16,752,733
sales
•Profit
,
254,827
shr.
per
1945,
tl945
Deprec.
85,746
192,420
256,568
323; estimated liability
Summary of Earnings
Net
85,746
256,564
256,564
Government
S.
p.
31,
income,
Total
cost-plus-fixed-fee contracts (contra), $4,865,144;
$1,844,938; property, plant and equipment (after reserve
for depreciation and amortization
of $13,306,945),; $7,831,388; good¬
will,
patents,
etc.,
$4,052,682;
deferred
charges,
$67,104;
total,
the company had outstanding long-term debt
in the principal amount of $3,750,000 evidenced by a 3%%
promissory
note
maturing serially from Dec,
1, 1945, to Dec.
1, 1958, both
inclusive.
Of such principal amount,
the $250,000 installment due
Dec. 1, 1945, was carried in current liabilities.
of
other
result
$368,019
investments,
preferred stock.
As
161,
the
in
"-•.',rV (./■
experience
$322,973
85,746
excess
inventories,
U,
Outstanding
issuance upon
for
$329,896
192,420
(less
surplus,
50,000 shs.
* 1,400,000 shs.
($100 par)
$328,222
256,564
$770,000
accounts
(Giving Effect to Present Financing)
pfd. stk,
conv.
and
a
as
Mr.
in
remain
to
(& Subs.)—Earnings—
Report of
Operating expenses and
outstg.
stock
com.
Consolidated
for the company, the 4 54% cumulative
will be exempt under existing law from
property tax
so
long as the company
Authorized
cum.
50,000
$437,857
post-war
Mr.
414 %
Buckeye Pipe Line
85,746
Assets—Cash,
production, and oil and gas producing properties.
Capitalization
field.—V.
that
in
former,
period,
postwar
successful
225,000
profits tax*
of
tAfter
Purpose—The net proceeds will, to the extent necessary, be applied
t>y the company to the redemption on June 15, 1945, of the 5%
preferred stock not exchanged,
The net proceeds in excess of the
amount necessary to effect the redemption of the 5%
preferrd stock
will be applied to the acquisition by exploration, development, pur¬
chase, or otherwise, of additional crude oil supplies and facilities, oil
gas
of
"Includes
franchise tax in that State.
remains liable for the
and
com.
tax
payable as to first
1945,
developments
the
Quarter Ended March 31—
Transp. & other operating revenue
♦977,399
*916,000
75,000
1875,000
stock-
pfd.
on
excess
dividend
on
June
15,
1945,
and quarterly thereafter on Sept. 15, Dec.
15,
March 15 and June 15.
Redeemable at $104 per share on or before
June 15, 1948, thereafter and on or before June 15, 1949, at $103 per
share, thereafter and on or before June 15, 1950, at $102 % per share,
thereafter and on or before June 15, 1951, at $102 per share and at
£101 V-z per share thereafter, plus accrued dividends in each case.
from
the
its
of
in
incr.
Amount earned
events.
convertible
on
Shares
stock for c^eli
r-hare of 414% cumulative convertible preferred stock to and including
June 15, 1950, at the rate of 7 shares of common stock for each share
of
4145*
cumulative convertible preferred stock thereafter to and
Including June 15, 1953, and at the rate of 6 shares of common stock
lor each share of 414 %
cumulative convertible preferred stock there¬
after to and including June 15, 1956, subject to adjustment in certain
Dividends cumulative
in
determined
had
because
anticipates expanded output of
company
$1,525,372
,
—_
Divs,
a like number
stock.
unless previously redeemed,
holder,
the
of
field
transmissions, especially
marine
Interest,
stocki at the rate of 8 shares of common
common
planes
private
company
1
company
Convertible at
the
duction,
14,426
,
taxes
income
Net
to be sold.
into
antic,
Federal
the
$1,510,946
$1,320,896
contingencies
for
Prov.
is advised that the underwriters sold 10,000 shares of
-4145/; cumulative convertible preferred stock prior to the expiration or
the subscription and exchange offers and that
15,643 shares remain
The
$1,253,222
said
production
gear
the output of these parts during the war,
In addition to continued aircraft transmission
241,547
$1,307,001
13,895
H,408,000
for
Prov.
cumulative convertible preferred stock subscribed for upon the
exercise of subscription warrants.
Company also accepted 8,054 shares
of
6.985,532
$1,233,432
19,790
taxes
4>/4%
of
7,306,045
272,988
$1,845,857
-
Fed. inc, & exc. profits
accepted subscriptions for an aggregate
Company
$8,738,025
15,436
$1,830,421
operating profit.
invests., etc..
from
Inc.
25,643 shares of 414% convertible preferred stock (par
$100) representing the balance of 40,000 shares remain¬
ing after exercise of prior subscription and exchange
rights offered to stockholders.
The offering was made
by an underwriting group
$8,886,034
and
commercial
in
aircraft
mission
Net
May 9 of
101 % per share was made
—Public offering at
1945
use
Whittingham
1942
1943
1944
Sales & other oper. rev. $14,113,486 $10,804,832
Cost of goods sold, de• % vlivery & other exps—
11,962,837
9,316,452
Provision for deprec—
320,228
254,946
1 voted to
Metal Works, Inc.
for
Subs.)—Earnings—
(&
3 Mos. End. Mar. 31—
meeting held on May
of this corporation to Ronson Art
name
p.
annual
their
at
stockholders
The
change the
Co.
Atlas Powder
Inc.—Changes Name—
Art Metal Works,
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2106
p.
1991.
This
in
directors
common
compares
1944 were
and Dec.
v
The
stock
Stores, Inc.—April Sales Decline—
.
—V.
May
on
stock,
no
7
par,
declared
with $5.55 paid
as
follows:
dividend
a
Dividend—
of
$5.60
share
per
ora
payable July 2 to holders of record June 12-
April
on
1,
April 2,
last.
$5.55; July
Payment on
1 and Oct. 2,
this issue.:
$5.60
each:;
15, $13.10.
usual
semi-annual
also
was
declared,
dividend
of
payable July 2
$3
per
share
on
to holders of
the
record
class
June
A
12-
'
161, p. 1093.
'
unexchanged shares of the old preferred stocl£).and
cash adjustment incidental
to
the
exchange.—V. 166;
p.
to
Period End. April 30—
the
cover
Sales
2396.
—V.
Atlantic Refining
and
G. Schad has been elected
General
Mr.
Line
Schad
Co.
Atlantic
and
Manager
is
a
the
of
Vice-President.
He is also
Transportation- of this company.
a
Vice-President
Buffalo
Pipe Line Co.,
all
Pipe
and
Line
subsidiaries.
Emergericy Tankers, Inc.—V. 161,
p.
director
Corp.,
He
Colonial Ice Co.—To Pay $1 Common Dividend—
The directors
,,
'
■
of
the
and
is
a
Keystone
a
director
a
also
director
director
Pipe
of
of
the
War
1990.
•
,
1945—4 Mos.—1944
$4,844,736 $15,617,058 $15,446,498
1651.
Co.—New Vice-President—
■
H.
p.
1945—Month—1944
$3,270,438
...
161,
'
<
'
'
t
*
:J
•.'.«(
j
"
it.
'
<;
A
put Field After the War—
Manufacture
will
be
of
continued
helicopter
alter
the
$2
transmissions
by
and
other
aircraft
.)
■i;
.:
(,
i
(!()%
C
,(■ ».
C ,1.
stock,
per
on
no
May 3
declared
a
dividend of $1
per
share
on
the
payable May 28 to holders of record May 18.
made on Jan. 5, last, which compares with
par,
distribution
similar
was
share paid on Jan. 3, 1944, and on July 1, 1943.
quarterly dividends of $1.50 per share on
Regular
gearing
■
the
series
B
preferred .stock and of $1.75 per share on the $7 series preferred stock
were also declared,
both payable July 1 to holders of record June 20 —
V. 161, p. 981.
the
corporation's Detroit Gear
Division, it is announced by H. H. Whittingham, Vice-President.
Anticipating what he termed a "substantial" demand for the parts
war
■
.
common
Borg-Warner Corp.—To Remain in Aircraft Gear Out¬
I
M-
5'. «•
*■ I .5 -t i *>
.
t A
t
-
4 1-9 i
~
'
o
•:
Volume
161
Number 4385
Commercial
Credit
after
Earns,
—V.
$1,328,462
1,198,903
1,383,117
4,970,345
$0:65
$0.75
$2.70
$3.09
com.
sales
Following
and
electric
kilowatthour
Apr.
21
Apr.
14
—V.
161,
of
period
the
last
ft-
1945
of
weekly
The
189,212,000
189,821,000
this
corporation
territory
146,667
1944,
served
increase
an
adjusted
for
wego
quehanna
to
—1.6
with
of
ended
electric
&
3,
business
1945,
the
for
240,533,287
14,613,380 or 6.08ft.—V.
of
conditions
to
amounted
and
in
week
corresponding
161, p. 1994.
May 9 announced that System
on
&
W.
of
capital
cash
at
date
stock
in
4 ft
to
in
cash,
per
May
the
Oswego
$50
of
annum
1
Oswego
bond
,
be sent
its
&
Earnings for Quarter Ended
Net
next
&
that
a
the
on
May 8 approved
Utica, Chenango & Sus¬
Essex
for
RR.
the
Co.
the
and
issuance
benefit of
Os¬
to
168,400,000
compared
kwh.,
with
kwh.
182,500,000
Consolidated
■>
Electric
Unit—
The
Gas Co.—To
&
:v;
Sell
All
prob¬
railroads
by
the
first of
stock
will
issued
in
of
4ft
The
exchange for the stock.—V.
;ftft/
series
at
to
Donner
161,
A,
Additional
has
approved the company's proposal to sell, at com¬
bidding its entire investment in Mobile: Gas Service Corp.,
consisting of 100,000 shares (no part common stock, with an aggregate
value
of
of
Mobile
•trustee
Above
V.
to
retirement of
:
solidated
from
•or
161,
but
exclusive
of
rendered
for
proceeds
the
withdraw
thereof
not
funds
such
without
but
exceed
to
brokerage
fees.
tional
V.
Bank
161,
and
this
of
in
sale
with
connection
the
Trust
at
solicitation
the
lowest
_u_—_____—
—V.
All
under
the
Continental
to
indenture
The
securing
The
directors
the
•on
Electric
May
stock,
common
Corp.—20c
declared
8
par
$1,
dividend
a
redemption
shoe
stores.—
,
$6,931,824
payable
June
11
cents
20
per
holders
to
of
sales
of
Peggy
Hale,
ft:
.
$8,398,393
Inc.,
1654.
p.
will
11
be
made
Broad
Tne
at
St.,
Chase
for
of
of
8ft
shares
of
4ft
new
1 2/10ths
shares
$7,171,539
acquired
in
preferred stock,
rights
1.
share
record
similar
payment was made on March 10, last, and in
during 1944.
*ft The regular 'quarterly dividend fo $ 1,31 ft per share on the $5,25
•cumulative preferred stock, series A, was also
declared,' payable July
15
holders
to
of
record
The
in
date
of
issue
of
shares
161,
p.
National
Company
Earnings—
Uet
sales
of
Cost
Net
—
$2,502,793
—
profit
Balance
2,963,639
of
profit
for
year
_____
•
Federal
Bank
of
the
The
<Govt.,
erty,
hand
on
$117,881
in
Dec. 31,
bank,
renegotiation.
1944
receivables—U.
accounts,
accrued
income
payable—National
and
expenses
(1944),
$30,404;
Discount
miscellaneous,
other
The
stock
on
Crown Drug
•
Sales
for
Area
War
since
Month,
$915,900
•—V.
161,
Fcur
Committee
1943—V,
Months
and
Seven
of
161,
the
p.
:
$3,732,140
$3,566,410
April
of
the
on
In
May
Net
1945
Earned
$86,331
share
per
Federal
all
on
950,000
common
shares._
$0.09
charges, including depreciation,
taxes.—V.
161,
p.
$69,525
A
total
depletion and Cuban and
-V.
1314.
&
Light Co.—Pref. Stock Exchanged—
to
of
have
five
share
per
holders
to
of
been
cents
the
on
record
made
160, p. 2645,
dividend .of
a
each
&
National
.
and
routes
its
has
been
appointed
redemption
of
prepay¬
1
•_
routes
cargo
is
the
in
Cuba
businses'into
operations,
to
the
although
Caribbean
Board
operate
twice
Early
day
a
equipment
A.,
and
a
at
/
.
presently operates
between
route
cargo
which
its
the
company
immediately
proposes
projected
(■
area.
to
expansion
one; share
business
will
this route
Late
July
13,
•190
/■•
'
ft
year
Mar. 31, 44
$7,411,621
of
1S45.
No
other
ago:
•
.
Dec. 31, '44
Mar. 31, '45
$10,117,286 $11,654,631
438,798
495,076
$23.05
$23.54
1945 to March 31,
______—
1945
__——_
$104,608
18,700
••
______——
things,
of
&
were
May
Ebasco
Light
1945, the
Services
System inputs of client
Inc.,
which
oper¬
subsidiaries
are
of
Co.,
Increase
,
Subsidiaries
Power
Power
3,
&
of—
1945
Light Co.____
ii
* Decrease.:
ft. ''ft/
figures
do
not
companies not appearing in both
Amount
Pet.
161,217
,
Light Co.—99,303
'
above
1944
182,606
Light Corp.90,162
21,389
87,965
2,198
2.5
100,096
*793
*0.8
ft.
-ft:,
■
include the
periods.—V.
13.3
System inputs
161, p. 1996.
of
.ft
any
scheduled
can
procure
•■'■
Cuba.
carries
trip
,
opened,
company was
Pines.
round
the necessary
' :
v'
••:./■,
This
operat¬
route,
which
freight
passengers,
the company opened its third route,
from Havana east via the north coast to
1944
/
and
'
ft
operat¬
of
the company
de
Transportes,
approve, routes
stock
common
warrants
net.
$720,000
now
covering
It
offered
not
and
under
are
the jurisdiction of
is authorized, among
therein, to inspect and
which
changes
landing rights and supervise the
receive
the sale
from
and
from
shares
90,000
is
,
of
Purpose—Company will
of
the
of
300,000
opera¬
shares
the sale of the stock purchase
stock
approximately
that the company will receive
common
contemplated
in
the
immediate future any proceeds from the sale of the shares
;issuable upon tbe exercise of the stock purchase warrants. In addition,
the company expects to salvage
approximately $45,000 from the sale
of some of its present equipment.
This will make the total available
proceeds
to
the
company
approximately $765,000.
Company needs additional facilities for the operation of its present
lines and for the expansion along the routes it proposes to operate.
Accordingly, all of the proceeds have presently been allocated for the
acquisition of such facilities in the following classifications:
,
..
/
Acquisition of'flying equipment
Purchase
(approximately)
$500,000
—
of
spare engines and parts, shop equipment and
approximately
i
-Acquisition and development of ground facilities__________
Additional working capital, approximately
'
like,
Authorized
debt
$79,090
two
were
1944,
is
company
and
$100
indebted
Donald
to
promissory
notes,
share).
per
to
Stewart
each
Dr.
in
dated
Teodoro
the
of
sum
Dec.
31.
and
•■
t3,924 shs.
Johnson
in
the
sum
of
$49,995, represented by
bearing interest at
1944,
annum and maturing Dec. 31. 1947.
subscribed and paid for but not issued.
shares were subscribed
$128,995
5,000 shs.
per'
76
85,000
Outstanding
$128,995
(par
.50,000
the funded debt and capitaliza¬
31, 1944,
the company was as follows;
stock
3 Vz.Vr
pO.OOO
_______
Capitalization—As of Dec.
"The
Electric Power & Light Corp. and
Light Co., as compared with the corresponding week
as follows
(in thousands of kilowatt-hours):
ft-ft;
Power &
to
"Funded
ended
of
Nacional
Common
Inc.—Weekly Input—
the
of
daily,
'
Comision
$85,908
Power &
fall
aircraft and to grant
tion of international airlines.
pay¬
$21.04
Income, Jan. 1,
the
'license
was
stock
common
of
Isle
it
as
'+••■■'-.ftfftyc^v-
'
the operations
of
other
dis¬
352.192
__________—__
in
miles.
All
be
Fund—Quarterly Report
a
route
the
schedule
__,
ft
year.
Balanced
ft'
regular
on
soon
ing locally in Cuba
Caibarien,
with stopovers at Varadero, Motembo and Santa
Clara.
This is also
a
passenger and freight operation, covering a total of
approximately
the
share in cash
per
double
a
as
purpose,
•
entitled
also
on
flights
passenger
on
this
for
mail.
<
.
on
be
the
of
in .1944 the second
operates
1094.
Power
Ncte—The
Co.
Aereo
Aeronautics
tion of
week
Operating
Electric
Trust
.
"
300,000 Shares of Common Stock (par
$1)
share: The issue has been oversubscribed.
only
poses)
1
may
holders of the
share____.—___—__
per
compaqies
ft
Delaware, Lackawanna & Western RR.—Would
Merge
Oswego & Syracuse RR. have applied to the
ICC for permission to merge the Oswego
company into the D. L. & W.
Bank
;
:
the
•runs
10.
share of common
one
.
to the
—
1944
Any
com¬
United States and under a permit
by the Comision National de Transported of
Cuba, a ,department
Cuban
Government, corresponding to the Civil Aeronautics
Board.
Company is presently operating one scheduled round
trip flight
•a
day on : this route." carrying only express or
freight.
Company
expects to apply for the necessary permit from the Civil Aeronautics
Board
(it.has such a permit from the Comision Nacional de Trans¬
of
per
f (
stockholders
any
;
;V
Ebasco Services
during
,
VftV;ft,' -; V-Vl.: - V., yfv■
passenger
Civil
quarter
Income
National
patent
issue
common
May
Exchange prior to the close of business
which
1945,
this
Howard
&
p.
of
pen.
.The original route of the company, a cargo route between Mnimi
Havana, was opened in September, 1943.
This route is present]?
under a temporary
foreign air carrier permit issued by tne
record
—
For the
Leased Line—
and
ft
the acquisition
type of fountain
working capital of the
■
the
and
stock
common
dividend of 30 cents
1,
of
made
.____
American
company
of
Stock
Aug,
close
Statement
American
1877.
The
on
outstanding
161,
ating
in
redemption of th<!»unexchanged (4,301) shares of 7ft and 6ft
preferred
stock were obtained through the sale of 10,500 shares
of common stock
at $60 per share to Electric Power &
Light Corp., parent.—V. 161
p.
dividend
cents
15
share
per
declared
Checks
>/./ft
of
74,430 shares of 4 ft ft cumulative preferred stock was
exchange for 32,251 shares of 7ft cumulative preferred stock
42,179 shares of 6 ft cumulative preferred stock.
Funds for the
Issued
and
Power
5,617,171
$0.07
Net
with
new
to
Cuba, and Miami, Fla,
At the present time its routes total
flight miles.
Its name,
translated into English, means "Fast
Inter-American Air Transportation Co."
The
operation
of
inter¬
Stock Div.—30c. in Cash—
Expenses
/
Dallas
12 ft
to holders of
York
been
Income
1944
im- ft
for
year
stock
the
'
"After
extra
an
May
assets
\
fiscal
common
expand
The following schedule shows the net assets of the fund, the number
shares outstanding, and the asset value
per share on March 31,
Corp.—Earnings—
profit
New
the
have
-'■■'ft"
•
$6,541 607
the'treasury of " the
past
Inter-Americano,
S.
A.—Common
Offered—Van Alstyne, Noel & Co. on
May 9
national
$5.70
1945, compared with Dec. 31, 1944 and
30
reimburse
com¬
covers
1944,
Shares
Quarter Ended March 31—
cents
May 18.
<
May li 1945, a
-Asset value
*Net
18
1945.
at
Eaton
#
to
in
Havana,
,
the company paid the following dividends:
On Aug. 1,
40 cents in cash; and on Dec. 15, 30 cents in cash and 2ft in stock.
—V. 161, p. 877'.
"ft
1654.
Cuban-American Manganese
payable
12 ft
payable
record
principal
523
1,248,706
cash equivalent of $ fraction of
on
ments
1945—7 Mos.—1944
$6,871,853
v
per
two
■
$4.33
part
Business—Expreso Aereo Inter-Americano,/ S.
.
Petroleum
1200.
Ended
both
of
the
declared
'of
Months
1945—4 Mos.—1944
$898,439
p.
early in
declared
have
$1,
11,
tributed
Secretary—
Co.—April Sales Up 2%—
1945—Month—1944
-
.
Petroleum
in
is offering to the warrant holders
90.00G shares of
issuable upon the exercise of stock
purchase warrants.
%
1,248,706
the
as
pany
from
1,248,706
named
In addition to the stock being offered by the
underwriters, the
_
______
including Aug. 15, 1944.—V.
on
May
for
Mundy, Jr., has been elected Secretary and Assistant Treas¬
succeeding W, S. Sollenberger who resigned to accept an appoint¬
in the producing department of Standard Oil Co.
(New Jersey).
Mr.
Mundy joined
Creole
on
July
1,
1944,
as
Statistician
and
Budget Analyst.
He has been Secretary of the producing sub-commitfor
X
$3
566.
p.
on
133,146
ft-'/ft
redemption on May 31, 1945 with
privilege
outstanding shares of preferred stock.
all
offered
outstanding, to be dis¬
May 11. No fractional shares
will be issued.
Instead, payments will be made in cash equivalent
to the value of fractional shares based
upon the market value of one
share, as determined by the last/transaction in the Duplan common
tributed
ment
Caribbean'
1945,
$4.61
The directors on May 1
stock fo reach 50 shares
urer,
the
1,
1995.
"
'
was
'
in connection
facilities for a
ing between Havana and
$290,871; trade
$51,179;- Federal taxes
and
Mills, Inc.—To Redeem Preferred Stock—
Stock
.
$7,351,633
share
Duplan Corp.—2%
Corp.,
J.
of
p.
$5,766,083
shares
common
par
Also,
?tee
used
used
Chemical
-■••
•
issued
10,502,234
■
shares
5,500
operated
per
since and
above, $10,682), $16,122; common stock ($1 par), $60,000; capital
^surplus, $150,002; earned surplus (since Jan. 1, 1944), $69,112; total,
$749,288.—V. 160, p. 622.
Administration
June
stock
$6,675,990
Distributions
payable, $11,177; net refund
■due U. S. Govt, arising from renegotiation of contracts for
all years
through Dec. 31, 1943 (est.), $39,720; principal payments due on land
•contract in
1945, $10,682; liabilities incurred prior to reorganization
petition,
$7,671;
salary due A. G. Sherman
(payable after 1945),
$12,348; land contract payable (after portion payable in
1945
per
E.
be
161,
6,172,376
directors
stock,
£.
taxes
Creole Petroleum Corp.—New
preferred
12,466,224
share and the regular dividend of
$32,986;
be
production
Expreso
(The) Drackett Co.—Extra Distribution—
receivables—other, $1,445; inventories, $240,153; prop¬
equipment (after reserves for depreciation, $97,885),
deferred charges, $8,182; total, $749,288.
Liabilities—Notes
of
Earnings
$354,381;
plant and
$112,141;
on
and
will
be
may
of
•'■*►'
(& Subs.)—Earnings-^
profit
'—V. 161,
.
Balance Sheet,
Assets—Cash
Brothers
ft
for ihe
ft ' *
Feb. 28, '45 Feb. 29,' '44 Feb. 28, '43
amortization $25,314,590 $21,885,488
&
taxes
taxes
Number
134,887
-"■'73,464
$69,112
—
before
Amortization
$326,232
3,160
*30,404
——
!
Months Ended—
Net
$102,676
;
''Subject to possible change resulting from
f„
$3,289,871
2,400,117
_.
1943
sales
;Other deductions (net)
"Federal income taxes_
■"*'
9
•Profit
1944
4ft
new
7
983.
Years Ended Dec. 31—
the
.
for present preferred stock will
date* dividends thereon will accrue.—V.
Dow Chemical Co.
Covered Wagon
•
of
Research
part for the proposed acquisition
machinery and equipment, rIn addition, a portion of the
agent
stock
.exchange
which
.
22.—V.
June
Lehman
plant facilities and
ment,
Any fractional share of 4ft preferred stock resulting from such ex¬
change to be paid by the corporation in cash at the rate of $100
per share.
;
•+./../• "ft:
-V•
.ft;,'ft.'' .•
ft'/' (//ft
quarter
A
of
and
E-Z
of the corporation on the
preferred stock for each share
close of business on May 31, 1945,
to tne
up
of
(8ft),
remaining proceeds will be added
4ft
new
William H.
represented
such investment consisting
debenture stock,
series A
'/./
proceeds
proceeds
March,
-
•June
•each
debentures.
ft of additional
New
preferred
of
Co.
by
common
provement
Corp.—Redemption of Preferred Stock—
price
Co.
created
and
company for .expenditures,made during the
(
ft' /"ftftft.. r^ftft/ft/'''
,
this
Trust
International Cancer
charitable organization are
and
by
Power
Inc.,
or
sale
and
Union
and
certain, trusts
family,
the
Electric
Co.
debentures will be convertible into
cqmmon stock of the company,
the conversion price and public
offering price to be supplied by amendment.'
1945—9 Mos.—1944-
$821,373
Trust
The
York, N. ,Y,
The holders of the present 8 ft.
preferred stock have been offered
the privilege of electing to exchange their shares of such
preferred
Common Div.—
of
includes
161,
City of New York,
1.945—4 Mos.—1944
$8,240,711
$769,065
trusts
underwriter.
The
stock
on
income
$9,459,882
corporation has called for redemption on June 1, next, all of
the outstanding shares
of
8 ft
preferred stock at $120 per
share.
The regular quarterly dividend,
previously declared; will be mailed on
May 31 to preferred stockholders of record May 29.
Payment of the
Na¬
bonds.'
said
above
Dictaphone
sur¬
Illinois
1768.
Cornell-Dubilier
chain of
Corp.—April Sales—
Sales
his
approving
Savannah
Eversharp Inc.—Registers With SEC—
$9,186,902
1945—Month—1944
Elec¬
Company has filed a registration statement with the
Securities and
/Exchange Commission covering. $3,000,000 of
20-year 4ftft convertible
1945—4 Mos.—1944
S. Beck
in
Delaware
under
pany.—V. 161, p. 1654.
price
bonds
Inc.—April Sales—
1945—Month—1944
$1,692,978
$1,690,421
-
the A.
Savannah
stock, for the cash consideration of $3,387,500 plus
adjustments.—V. 161, p. 1996.
•
certain
1540,'
$3,174,913
Co.,
order
International
ftv'-ftft'-
Stores
1945.—V.
basis
161, p.
The
•
principal amount of said
such purchased bonds will be
Consolidated Retail Stores,
Sales
those of
the
with
the
Consolidated
by
Co.
Period End. Apr. 30—
161, p.
at
.1769.
p.
Consolidated
1877.
p.
made
Co.—Sells
an
investment
of
Estates,
preferred
of
Net
•
cancellation
include
Period End. April 30—
corresponding amount of collateral trust bonds of Con¬
are to be purchased from brokers in the open market
holders
obtainable
*
a
which
sales
Diana
the collateral trust bonds of Consolidated.
deposit
to
thereafter
and
proposes
be
owned
the indenture securing
'Consolidated
Colo.—V.
$2,063,006
_____
by Consolidated are pledged with
.the Continental Illinois National Bank and Trust Co., Chicago/trustee
iunder
will
1945—Month—1944
Sales
$430,701.
securities
Payment
Period End. Apr. 30—
SEC
The
interest.
trustee, Denver,
first
issued
trustees
which
Donner
of
shares
its
Trust
as
members
or
Service
Holdings—
"18
April
of all of
Foundation,
.
Diamond Shoe Corp.—April Sales Off
.35%—
petitive
stated
and
Co.,
on
Wilmington
Pittsburgh,
of
outstanding general and refunding mortgage gold bonds,
due 1950, have been called for
redemption on July 1, 1945,
100J/2
Trust
V-;
.
SEC
company
fixed,
fund
sinking
/ft
Public
tric & Power Co.
June
Commission for approval.
receive a second mortgage
calling for interest rates
and/ 1ft to be devoted to a
18,006
$26,873
1541.
p.
Engineers
the
of
taxes..
income
by
ythe corresponding week of 1944, a decrease of 7.8 ft.
Local distribu¬
tion
of
electricity amounted to 166,900,000 kwh., compared with
182,500,000 kwh. for the corresponding week of last year, a decrease
of 8.6ft .—V.
161, p. 1994.
"
:ft-.ft'
'-•.•"•
:y-..
$115,381
70,508
discount-.
income
—V; 161,
Denver Tramway Corp.-^-Calls
Series A Bonds—
for
$42,778
;
Net
agreement has just been reached
BR. Co.
The agreement will
Warren
/
and
Federal
(electricity generated and purchasedi for the week ended May 6, 1945,
amounted
,
5,570,429
.■■'/
_
income
Interest
merger
the bonds
1945
reserve_.________
income
Total
securities
of
property
earnings
on
31,
$5,613,207
inventory
held
Interstate Commerce
7ft
Warren
and
expenses
Operating profit
Other
aproved.
stocknolders
the boards of both
the
March
sales
Depreciation,
also
were
the Warren
of
to
terms
the
1995.
p.
of electricity
output
disclosed
directors
on
the
Morris
Resolutions
Stop Nut Corp. of America—Earnings—
—
1
President, told
that, when the proposed
of seven mergers, including those
approved on May 8, becomes
it will reduce D
L. & W. fixed charges
$1,100,000 a year.
contingent
for
the
Co.
mergers
Redemption-
lien
72,603
meeting
company the
White,
then
Under
this
first
Elastic
copi-
representing
November
or
Service Co.—Partial
been
called for redemption on June
1, next, $140,100 of
collateral'4ft bonds, series A, due Aug. 1,
1948, at
par and
interest.
Payment will be made at the City Bank Farmers
Trust Co.; trustee, 22 William
St., New York, N. Y.—V. 161, p. 1996.
applied for authority
shares of Oswego & Syracuse
Syracuse
Division
mortgage
$18.50
annual
Co.,
RR.
Coast Public
have
15-year
has
merger.
the
at
ably be executed by
255,-
Consolidated Edison Co. of New York, Inc.—Output—
company
and
rental
the
RR.
Syracuse
the
with
2ft
The
Valley
White
Mr.
subsidiaries
of
energy
general
May
of
for merging into
effectuate the
effective
Output—
Corp.—Weekly
of
show
to
week
the
compared
as
output
L.
receive-
last
date
stockholders
agreements
+ 1.8/
184,458,000
Southern
&
holders
to
bonds
from
the
William
kilowatt-hour
entitled
division
+4.2
+5.1
1994.
Commonwealth
D.
merger
of deposit for
22,194
$1,109,700
in
Oswego &
interest
program
The
East
weeks
% Change
1944
185,032,000
186,765,000
p.
lease since March 1, 1869,
26,408 shares of capital stock
There
proposed
be
preceding
year.
under
of the
•
will
fixed
5,
4,214
2107
Mergers Ratified by Stockholders—
192,606,000
..___
May
four
past
192,728,000
__
_
in
issue
Syracuse
companies,
last year:
*•'•
-
28
owns
been
certificates
to
pany
ended
week
193,916,000
:
Apr.
totals
of
group
the
for
has
outstanding.
step
issue
and
Output-^
corresponding
output
with
•-'■'• // :-v ./ft
Week Ended—
utilities
the
over
percentage comparisons
May 5
Co.—Weekly
Commonwealth Edison
the
increase
the
are
a
According to the plan,
Edison
other
to
4.2ft
a
company-line
bonds.
Electricity output of
showed '
to
1313.
p.
Oswego
As
.5,698,897
share_
per
161,
excluding
of
$6,217,134
$5,488,581
Oswego
by D. L. & W. which
1945—12 Mos.—1944
$1,512,676
pfd. divs.____
Commonwealth
.
1945—3 Mos.—1944
income
Net
The
Co.—Earnings—
Period End. Mar. 31—
Net
THE COMMERCIAL & FINANCIAL
CHRONICLE
■
tOf
which
Subsequent
210?share.t
Dec.
to
31,
paid for, but .not issued.
By amendment of the company's certificate of incorporation, effec¬
tive Feb. 3, 1945, the common stock of the
company authorized to be
issued was increased to 1,000,000 shares, and the
par value bf the
common
stock
each
stock
became
share
After
.company
was
reduced
entitled
of
the
old
to
to $1
receive
common
per share
100
and the holders of
shares
of
giving" effect "to the changes in the
made
or
new
common
common
stock
for
stock.
authorized,since
Dec.
31,
capital
1944,
structure of
as
above,
^nd
the
to
The
Commercial and Financial Chronicle
(Reg. U. S. Patent Office)
William Dana Seibert, President; William D.
William B. Dana Company, Publi shers, 25 Park Place. New York 8, N. Y.,~REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday].
Other
offices: 135 S. La Salle St., Chicago 3, 111.
(Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards &
Smith..-Copyright 1945 by William B. Dana Company.
Reentered
as second-class matter
February 25, 1942, at the post office at New York, N.
Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of
Canada, $27.50 per year; South and Central
America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental
Europe (except Spain), Asia, Australia and Africa, $31.00 per year,
NOTE: On account of the fluctuations in the
rates of exchange, remittances for foreign subscriptions and
advertisements must be made in New York funds.
£;'
.
and
debt
'\
action the company was author¬
ized to issue warrants entitling the holders thereof to purchase al $3
per share on or before April 1, 1950, 90,000 shares of common stock.
The transfer agent in the United States for the common stock is
National City Bank. New York.
The registrar in the United States
is Marine Midland Trust Co., New York.
The transfer agent in the
Republic of Cuba tor the common stock is National City Bank of
New York, Havana, Cuba, and the registrar is The Trust Co. of Cuba,
Warrants—By appropriate corporate
Cuba.
Havana,
\
number
ehares
of
iollows:
.
•
names
<fe
Torrey
&
Courts
Co
Bradford
C,
R,
Johnson
H.
—
10,000
1,000
1,000
—
—
-
&
Co.———
10,000
——
1,000
1,000
Inc.-————*
———z,——
10,000
10,000
——
10,000
McAlister, Smith & Pate, Inc.—
—
——
Loewi & Co._*_*__*___j_YY:_**_~-__***--.~--*-;
8,000
7,000
5,000
5,000
500
500
5,000
500
Johnson, Lane, Space & Co.,
&
Pitman
Frederick
Inc.
Co.,
Day
Taussig,
&
i
Inc.
Co.
Robinson
S.
,i
-
&
Inc
Co.,
Irvine & Co.-
Mead,
Herbert
<
Schaefer
W.
161,
& Co.
———
i
v;
1,000
800
700
Statement
Comparative Income
charges.—
and excess
Net
477,000
263,000
(net)
profit
of
Number
$205,830
$133,591
$154,199
1,133,822
1,133,822
1,133.822
$0.13
shares.—*—-
common
Earnings per share.———
—V. 161, p. 1541.
$0.07
$0.08
.—
Fla.—Pays $5 Divi¬
Gandy Bridge Co., St. Petersburg,
dend in
It
announced
of
amount
each
for
$5
that
25
of
share
the
have authorized
dividend in the
directors
the
liquidation
partial
and
first
is
payment
for
Account
Income
Operating
Operating
be
to
Year
—
1941
31,
Dec.
Ended
$197,766
235,011
;
__
Jan. 1 to
Oct. 31 to
Oct. 31
Dec. 31
$82,383
237,453
$21,162
45,812
$103,545
283,265
operating
$36,974
61,503
—-
Interest
deductions
income
discount
debt
and
$34,005
500
1
—
Miscellaneous
and
39,675
expense
$179,720
$24,529
$155,070
$24,650
58
4,618
642
5,260
Net loss$24,587
$159,688
$25,292
$184,979
loss
Operating
——
deductions
Other
-«**-/
loss
Net
Earned
Deficit
at
period
Total
end
at
161,
$184,274
$24,587
refund
tax
1942...
Fedders Manufacturing Co.,
$493,714
Cr28,735
—
$527,449
1944.__._
Balance
hand
on
Sheet,
1944
1945
income----*-—2—$90,943
t$51,377
»
S,
Treas¬
at book values
$1,915,296; franchise,
assets
fixed
$1,204,311),
deferred charges, $856,-
permits and development expense, $1,496,810;
723; total, $4,368,101.
'
.
•After
charges and Federal taxes on
Nil
$0.39
231,198 shares———
Earnings per share on
income!
tLoss.—V. 161, p. 1878.
Liabilities—Accrued
taxes
than
(other
taxes),
income
$25,315;
un¬
$1,804; accounts payable (current), $36,367; first
3%%, sinking fund bonds, due Jan. 1, 1964, $1,000,000;
common stock, no par value (issued and outstanding, $250,000 shares),
$2,584,737; capital surplus (including $186,428 of interest capitalized
during construction on company's own funds), $192,428; earned sur¬
plus, $527,450; total, $4,368,101.—V. 155, p. 88.
claimed
dividends,
closed mortgage
Inc.—April Sales—
(M. H.) Fishman Co.,
„i-_-———
—V.
161,
1945—4 Mos.—1.944
$1,841,709
$1,616,977
1945- Month—1944
$509,183
$508,227
Period End. April 30—
Sales
1654.
p.
stock
of
to form First
Co.
of both
investment securities, announces the pur¬
the Bankamerica Co. with Geo, H. Grant
in
consolidation
and
chase
&
dealers
company,
California
Co.
companies will be maintained.
Offices, facilities
/Y?-, V-"
and
The
Net
Gross sales,
less discounts and allowances--—-
Cost of goods
Selling
sold, incl, freight on shipments.-
admin,
&
incl. exps. applic. to
(less misc. income, etc.)—
$605,615
452,253
exps.
periods
non-oper.
1944
1945
$751,927
620,066
Quarter Ended March 31—
81,195
$88,192
oper.
Ry/oper. exps.
$91,127
54,647
145,940
Net
fr.
rev.
Federal
Other
ry.
income
tax
Net
ry.
Other
Misc.
$26,750
$48,562
$73,309
Dr907
1,500
$25,843
$50,062
1,098
1,207
3,323
3,113
1,899
2,189
5,820
6,558
deducts, fr. inc.—
chgs.„;
aft.
Inc.
Int.
fxd.
(contingent
Net
chgs.
funded
on
$40,919
$62,563
2,260
6,779
interest)
$20,187
2,260
$34,140
$55,784
.
$19,373
.___
Deprec. (way and struc¬
tures
—V.
and
equip.)
161, p.
3,002
2,980
8,940
9,005
1771.
The
to 22 communities, having
42,861
customers,
with gross
$1,370,620—V, 161, P. 1543.
purposes
of Peerless Pump division of Food Machinery Corp.
of the Dayton-Dowd Co. brings to 15 the number of affili¬
plants under the control of Food Machinery Corp., which services
all branches with over-all planning, engineering, research and financ¬
ing. The Peerless Pump division covers the United States with a sales
organization and now has factories in Los Angeles (Calif.), Quincy
Purchase
ated
the
Canton
(Ohio),
horizontal centrifugal
It
is
pump
now
field
a
as
leading
manufacturer
in
both
well as in the vertical turbine
pump field.
Other branches and offices of
and Bakersfleld, Calif., and Plainview, Texas.
Peerless
include
Pearson
.
E.
Neaman,
of
York
attorney,
has
been
elected
a
Vice
company
and its subsidiaries, including CubanApierican Manganese Corp. and Nicaro Nickel Co.
Mr., Neaman, who also is a member of the law firm
of Battle,
Levy, Fcwler and Neaipan, 30 Broad Street, had, since 1930 been
Secretary of Freeport Sulphur in charge of all legal activities. He
will continue
in charge
of legal affairs and as a member of the
law firm.—V. 161, p. 1997.
.Frost Bros. (Texas)—New Preferred Stock Issue—
j-Dallias Rupe & Son and Dallas Union Trust Co., Dallas, Texas, and
Dewar., Robertson & Pancoast and Pitman & Co., San Antonio Texas
haye underwritten 500,000. shares 5 J/2%
cumulative preferred stock!
•:
The
under
be
Issue
the
offered
will
be
securities
at
102
sold
to
laws
and dividends from May 1,
Texas investors
of
Texas.
The
only
issue
and
1945.
will be qualified
provides
44,807
29,249
199,910
242,462
$590,191
$1,785,218
$2,674,416
191,703
188,837
that
it
may
736,034
768,945
7,998
30,938
126,992
316,445
note
taxes
&
per
81,476
81,483
2,402
37,683
105,352
inc.
profits
excess
469,713
tal
3,936
172
18,754
6,061
121,583
119,358
Cr2l6,743
404,521
$202,799
*$125,677
$763,463
*$816,557
$0.43
*$0.27
$1.63
•$1.74
(est.)
Earns,
3.011
148
19,876
_*
Penna.
&
sh.
com.
shs.
of
on
earnings for the quarter and 12 months ended March 31, 1944,
after applying estimated carry-back amounted to $188,393 and $879,273,
respectively, or 40 cents and $1.87 cents per share.
for
accruals
Federal
at
currently
of
unused
31,
1945
being
taxes
existing
and $470,892
and
credits
for year
banks
the pro¬
income
tax
estimated carry-back
quarter ended March
ended March 31, 1945.
effect
gives
of
$29,529
Sheet, March
and
taxes,
Federal normal
estimated
include
Balance
in
for excess-profits
required
rates
excess-profits
Assets—Cash
on
hand,
to
for
31,
1945
$2,914,728;
U.
S. Government
securities,
$552,000;
accounts
and
notes
receivable,
less
reserve,
$2,279,792; inventories, $2,849,926; accrued interest receivable, $4,151;
claim
for
refund of 1942 and 1943
Federal taxes,
$538,029; stocks
at cost or nominal value, $17,680;
Magnesite
$5i5,000,
deferred
War
Co.
notes
(4,000
shs.
receivable
accounts,
Savings Bond
common
$155,099;
account:
$21,996,946.
repair
cash
:
stock
acrued
and
buildings, machinery, equipment,
for
depreciation
and
depletion
$2,500,000 1st mortgage bonds, 3% series due 1975 was
and interest by Kidder, Peabody
Co.
Bonds are dated March 1, 1945 and matured
March 1, 1975.
The
issue
awarded May
was
received
bids
for
Salmon
3s;
Sons,
Brothers
Hutzler,
&
for 3s;
E.
incorporated
was
H.
Rollins &
for 3Vbs.
101.09
in
Georgia,
May
public utility operating wholly within the State of
engaged principally in the business of purchasing,
1927.
It
Georgia and
is
transmitting,
distributing
a
is
electric
selling
and
Only
energy.
small
a
of electric energy is generated by the company
at the two
generating stations owned by it, and substantially all of the power
requirements of the company are purchased from its parent, Florida
Power
Corp.
Company operates small water pumping stations and
amount
distributes
ville and
which
to
tions
plants
leased
are
divest itself of
to
SEC
in the communities of Barwick, Climax,
Donalsonapproximately 600 customers.
It also owns three ice
located in Eainbridge. Valdosta and Waycross
to Atlantic Co.
Company has been ordered by the
water
Pavo
manufacturing
under
are
all
ice
its
of
and
water
properties, and negotia¬
looking toward the sale of the water properties.
way
renders
to
approximately 15,700 customers
the inhabitants of 34 incorporated cities and towns and 11 un¬
Company
towns
and
service
communities.
rural
The
territory
served
by
includes the entire southernmost part of the State of
the exception of two counties bordering the Atlantic
company
Georgia
electric
(with
Effect to Present Financing-
Giving
Authorized
First
mortgage bends,
Common
stock
•There
(no
series.*
1975
Outstanding
'-Unlimited
_
$2,500,000
30,000 shs.
par)
21,050 shs.
provisions limiting the amount of bonds
any one time, but there are conditions
restrictions with respect to the issuance of additional bonds.
which
and
are
mortgage
no
be
may
outstanding
at
Summary of Earnings (Avail, for Interest Charges) for Calendar Years
'
1944
revenues
Operating
expenses
*
Maintenance
Other
1942
$1,371,412
740,512
881.818
68,523
for
62,185
67,717
110,040
177,642
108,983
105,044
prof, taxes
111,943
114,780
139,722
108,663
79,606
$290,417
$200 889
._
$277,256
79,960
52,760
2.308
$357,217
$343,178
$203,197
75,000
______
___*__
depreciation—
other
Operating
'<<
1943
$1,562,109
.
$1,688,344
976,118
i
than
Fed.
exc.
taxes
inc.
income
income
(net)
—
income
Gross
•On
_
interest
requirements*****
$2,500,000
bonds
new
to
Purpose—The net proceeds, together with other
required, are to be applied to the redemption, at
first
mortgage bonds,
5%
series
(due
1978),
$2,587,500, exclusive of accrued interest.—V, 161,
Gibson
Refrigerator
Co.—Stock
funds to the extent
103Vi, of $2,500,000
which
will require
p. 1938.
Offered—Paul
H.
Inc., headed
a banking group which on May 7 made public offering
of 247,140 shares ($1 par) common stock at $11.75 per
share.
The block offered represents a portion of present
holdings of three stockholders and none of the proceeds
will
agent, Continental Illinois National Bank & Trust Co. of
Registrar, Harris Trust & Savings Bank, Chicago.
Chicago.
Nov.
and
1908.
24,
the
company
hold
its
ice
line,
electric
ranges
1942
of
in
sales
war
electric
company's
Y
with
Export
sales,
volume
one
year,
.
a
the
spring
Prior
to
the
minor portion
of
the
in
which
the
years
averaged less than 2%
of the company's total
immediately preceding the war, were made either
agents or to distributors or dealers in foreign
through manufacturers'
countries.
addition
In
number
a
private
brands
the
of
many
fact
of
customers
who
through their
that
months
^
those outlets, the company also,
refrigerators and ranges on order
to
in
such
own
orders
advance
the company
otherwise have
of
Company
believes
that
sold
such
channels
delivery,
of
this
production
possible.
it will retain
prior
the
war
contract
their
under
distribution.
own
By virtue
were
customarily placed
"private brand" business
to
most
a
of
greater
its
brand
extent
pre-war
customers, including the two largest pre-war
customers, when civilian production is resumed.
During the present
to
under
or
products
contracts
or
than
v
regulations.
only
Prior to the entry of this country into the present war the com¬
pany's products were sold and distributed throughout the United States
through approximately 75 distributors, who in turn sold to dealers.
—V.
•
within
discontinued in
was
Government
constituted
ranges
been
due
Michigan
sales.
for
$7,581,184),
until such manufacture
conformance
of
to stabilize
notes
in
incorporation
ice
and subsequently discontinued the manufacture of house¬
refrigerators.
In 1938 the company added electric ranges to
and
continued
to
manufacture
electric
refrigerators
and
etc., $503,375; employees'
securities, $44,967; real estate,
etc.
(after reserve
$10,896,430;
total,
'
V
of
frigerators
(at
lands,
incorporated
was
until 1930 principal business was
refrigerators for household use.
About 1930
commenced ihe manufacture of household electric re¬
manufacture
manufactured
mineral
Property—Company
From
the
interest,
parts,
and
of
investment in Northwest
cost)
less reserve of
$725,769), $1,240,770;
to the company.
accrue
Transfer
would
2071.
outstanding.
be
enabled
p.
100.279
and Equitable Securities Corp.,
Business—Company
and
bid of 101.509 for a 3% coupon.
Barney & Co., 101.26 for 3s;
First Boston Corp., 100.07
a
100.2799 for 3s;
Inc.,
for 3V3S,
101.21
History
7 on
Smith;
were:
Halsey, Stuart & Co.,
$200,000; notes paya¬
ble, account of acquisition of Kentucky Fire Brick Co., due in 1945,
$100,000;
accounts payable, trade and others, $442,041; accrued
ac¬
counts, $778,360; notes, payable, account of acquisition of Kentucky
Fire Brick Company,
due 1946 to 1949, $360,000; 3V4% promissory
notes due Jan. 1, 1957, $1,786,000; reserves, $93,411; collections from
employees for purchase of U. S.
Savings Bonds,
$44,967;
capital
stock
(469.713
shares), and surplus, $18,092,167; total, $21,996,946.
Liabilities—3!/4%
160,
revenue
&
Business
*
•The
Note—No
proper¬
Georgia Power & Light Co.—Bonds Offered—An issue
capi¬
stock—
visions
water
Davis & Co. and Shillinglaw, Bolger & Co.,
__
deductions
Federal
the
offered May 9 at 101.95
489,864
*______
___
acquire
to
The company and subsidiaries
36,670
91,346
tax.
prop.
3J/t%
retirement
Interest
Other
time at
of
$2,431,953
exp. & prem. on note
:<■
Stock will
&
of
and bonds,
this
New
$1,585,309
$641,214
Fresno
Freeport Sulphur Co.—New Vice-President—
President
$560,942
7,697
Corporate
The
Dayton-Dowd company was incorporated in 1919 by Henry F.
Dayton, after consolidation of several other companies.—V. 161, p. 1878.
$5,250,207 $19,190,215 $22,698,152
$596,407
Depletion
Amort,
preferred
any
population of 158,969, and serv¬
for
the
year
1944
of
a
ing
va¬
amortization
&
Co.,
Light Co.
ties of the Arkansas Power &
Federal income and
1945—12 Mos.—1944
20,266,198
profit
Deprec.
to pay off bank
Delaware in July, 1942, under the
company was incorporated in
of Arkansas Municipal Water
name
Provision
17,604,907
Net income
branch
and
$0.44
4,689,265
sources
Total
Corp.—Buys Pump Firm—
Paul L. Davies, President, announces that this company has pur¬
chased the Dayton-Dowd Co. of Quincy, 111., one of the oldest and
largest independent pump companies in the country, which had listed
assets of more than $1,200,000.
The acquired firm will become a
-(111.)
$250,400
4,560,309
**_—_*.
from
rious
The stock
exps.
——
profit
income
of
accrued
all
•Annual
Gross
Other
board
Comptroller
Offered—Formal
rhares will be used
these
25,886
Co.—Earnings—
$5,156,716
&
operations
'.tax
Food Machinery
$276,286
23.806
1945—3 Mos.—1944
—
sales
of
of
6,779
$22,447 -
$21,633
debt
income—
Cost
$72,234
$24,630
sales
Net
Drl,075
809
1943
1944
$257,695
23,806
requirements.
Period End. Mar. 31—
3,593
7,723
$23,821
income—
Total fxd.
"¥,526
1,303
income—.
Total
$86,429
10,755
'
3,131
inc
oper.
$85,040
18,000
~~3~291
6,000
3,528 V
rents—--*-—J*
Net
$31,345
$36,480
oper.
tax____
accruals——
div.
Refractories
General
Corp.—Stock
the
and
is redeemable in whole or part at
preierred stock
Taxes,
1
of
the company for redeeming $89,000 6%
1945, and for general corporate purposes.
Capitalization
$232,369
162,608
51,607
_***.
member
a
Vice-President
160, p. 2183.
compared
as
stock....
$194,488
$233,889
profit per common share—
$0.35
$0.41
563,286 shares outstanding.—V. 161, p. 1879.
•On
is
He
The area served is approximately 7,500 square miles, with a
population of approximately 200,000, based on the 1940 Federal Census.
profit for common
•Net
1945—3 Mos.—1944
$247,648
$82,952
sale of
the
from
April 16,
Operating
1S45—Month—1944
I_*
revs
stock
elected
been
Ocean).
1945
$218,294
Quarter Ended March 31—
Fonda, Johnstown & Gloversville RR.—Earnings—
Period End. Mar. 31—
post
and
Preferred
Net
Ry.
additional
for'the first quarter of 1945 decreased 25%
20% as compared with 1943.
sales
1944
Net profit after prov. for Fed. taxes
profit before prov. for Fed. inc. taxes—
-V. 160, p. 1294.
$he
to
Backlog of unfilled orders remains at about the same level as last
year, but the continued shortage of skilled labor and the lower profit
margin realized on war contracts has resulted in a decrease in both
net sales and net profit.
65,169
$50,666
Net
elected
Gardner-Denver Co.—Earnings—
with
the
option of the company on 30 days' notice at $102.50 per share and
and unpaid dividends.
the
the
Treasurer,1 has been
of Vice-President.—V. 161, p. 1879.
Boehm,
personnel
,V Florida Portland Cement Co.—Earnings—
has
corporation.
Waterworks
incorporated
Industries, Inc.—New Vice-President—
Wood
Gar
Edward
of
each
reimburse
to
on
among
(Calif.)—-Acquisition—
First California Co.
The
this
21,
U.
$44,987;
deposits,
$29,285;
of
1944
31,
Dec.
demand
and
ury notes, $25,000;
receivables,
(after reserve for depreciation
Inc.—Earnings—
Quarter Ended March 31—
*
—
$209,566
$209,566
Assets—Cash
•Net
1944_
surplus at Dec. 31,
1541.
p.
1,
...
income
Earned
,:
$74,180
572,894
year—
at Jan.
—
Federal
of
period
—V.
24,587
184,274
24,587
—:
-
Delicit
in
dividends.
Other
of
begin,
for
surplus
and
1944 a payment of $2.25
stock, was made.—■
priced to the public at $100 per share plus accrued
loans;
3,240
loss
1,
common
$37,245
loss
income
Gross
last,
1,
of
share
Southern Securities Corp., Little Rock, Ark.
Total
Other
March
on
while on Dec.
a
operate water distribution systems in Arkansas, Missouri and Idaho,
furnishing water service for residential,
commercial and industrial
(tolls)—**-——*
revenue
expenses
Jarchow
C.
of
General
stock of the company.
common
made to the stockholders of record upon the
deposit of the stock certificates, endorsed in blank, with the company.
Stock certificates deposited with the company will be held against
the final liquidation payment and a
receipt for the certificates will
be forwarded with the first liquidation dividend check.
This
made
was
the American Steel Foundries.—V.
Proceeds
April
on
the
of
payment
the
on
offering of a new issue of 10,000 shares of 5% preferred
stock, cumulative (par $100) was made May 8 by a
banking group headed by Butcher & Sherrerd, Phil¬
adelphia; Robert Hawkins & Co., Inc., Boston, and
Liquidation—
was
the
share
per
1771.
161, T?.
1943
$417,199
profits
income
tax
1944
$610,591
531,000
after
$1.50
General Steel Castings Corp.-r-New Director—
of
1945
$736,830
Quarter Ended March 31—
Net
Sept. 1 to
Dec. 31,'43
Operating Revenue
Operating expenses
V.
Charles
Federal
of
to
1944,
66/1000ths of
or
directors
Subs.)—Earnings-
^
——Year Ended Dec. 31, 1944
,
distribution
cash..
in
1
June
on
three quarters of
first
1315.
p.
dividend
a
preferred stock
(optional stock dividend
holders of record May 15.
In lieu of
cash, stocknolders, at their option, may receive ^common stock at the
rate of 44/C00ths of one share for each share of preferred stock.
A
payable
$0.15
-V.
declared
have
convertible
cumulative,
series)
was
1,500
1,500
1,500
1,000
———
Co.
Co.**
Middlebrook
&
Coburn
&
63,009
9,000
2,500
15,000
15,000
15,000
10,000
_**.
Doolittle, Schoellkopf &
Johnston, Lemon & Co
J.
$40,646
262,462
$0.36
?9'999
Hano—.—i*—————
Newburger
&
$107,493
299,129
$0.26
per
(Robert) Gair Co., Inc. (&
Warrants
90,000
30,000
25,000
Alstyne,
Cohu
299,129
$80,210
——————————
capital shares——
share—
—- —
•After charges and Federal taxes.
Number
,
Shares
Noel & Co
Pyne, Kendall & Hullister
Van
•Net profit
of
1943
1944
.1945
Quarter Ended March 31—
Proiit
of the underwriters and the respective
and. warrants to be purchased by each are as
''y
i
Underwriters—The
issue.
Gabriel Co.—Earnings-
Earnings
directors
The
$6
similar
transfer agent for the new
resistrar and
is
reserved for issuance upon the
90,000 shares are
General Shareholdings Corp.—Div. in Cash or Stock—
date upon 30
days' written notice to the stockholders at 107V2 and accrued dividends
if called on or before May 1, 1947, and at 105 plus accrued dividends
if called thereafter.
National Bank of Commerce, San Antonio, Texas,
700,000 shs.
exercise
*1,000,000 shs.
share)-
per
$128,995
$128,995
part at any quarterly dividend
in whole or in
called
be
warrants.
the
of
$1
value
Outstanding
Authorized
—
(par
which
•Of
will be as follows:
^
debt
stock
Com.
the company
capitalization of
Funded
stock, the funded
issuance and sale of the common
.the authorization,
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2108
than
private
private
brand
the company has engaged almost exclusively
in the manufacture of various products in furtherance of the
national
war
program.
For approximately two years the company
the
war
engaged in
manufacture
half
of
the
of
troop-carrying
company's
sales
gliders,
during
which
1943
accounted
and
1944.
for
more
Company's
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4385
161
contract for the manufacture of such gliders, after giving effect to the
termination of a relatively small port,ion of the contract, was com¬
in 1944.
However, the company has recently received another
pleted
supplement to
letter of intent, for a
resuming the manufac¬
being manufactured are air¬
craft
bomb
shackles,
auxiliary gasoline tanks, B-24 bomber flaps,
bombsight computer cases, and aircraft motor parts.
War products
previously manufactured under contracts heretofore completed include
4-lb. incendiary bombs, 500-ib. practice bombs, 100-lb. chemical bombs,
parachute flares, 20-mm. gun parts, and lens polishing machines.
such
the
in
contract,
form of a
substantial number of such gliders and
ture
thereof.
Other
products
war
is now
now
Authorized
-•At
stock
Feb.
(par $10)
of
(par
of
the
of
all of
shares
increase
stock
$1)
Such
value
par
which
Underwriters—The
ber of
(par
then outstanding.
aggregate
$500,000,
to
common
stock
common
(par $10)
ing
amended
were
shares
600,000
shares
600,000 shs.
of
reclassification resulted in increas¬
the outstanding common stock by
which each has
agreed to purchase are
Davis & Co
Shillinglaw,
Hornblower
41,140
Bolger
&
Kalman
Co.,
Inc.
Link,
30,000
A. C.
Weeks..
&
&
12,500
Allyn & Co., Inc._
25,000
Ames, Emerich & Co., Inc.
8,500
Mason,
J.
8,500
Sidlo,
8,500
5,000
Inc.
& Co.,
Moran & Co
Co.
C.
Bradford
Brailsfcrd
First
&
&
California
The
First
First
Co
Co._________
Wm.
Co.______ 22,500
Cleveland
Securities
Corp.
Co;
C.
&
A
&
Bros.
7,500
Boyce____—
Blosser___
&
burgh,
will be
ing
H.
G.
8,500
Walker
&
for
Pa.,
heels
has
for
surplus,
built
been
to
of
The
the
this
Rust
Engineering Co., Pitts¬
plant to manufacture soles
new
160,
1184.
p.
$25
stock
three
30
initially will be convertible into
shares
stock
days'
will
notice
of
be
at
for
common
redeemable
plus
par
in
whole
of
in
or
at
share
per
5,000
Income
Co.
10,000
Statement
7 Mos. End.
Years Ended July 31
-
Feb. 28/45
Other
income
1944
1943
$5,383,184
sales
•Net
$16,518,205
$14,569,561
-
1942
$5,135,782
109,240
187,629
153,497
162,648
$5,492,424
$16,705,834
$14,723,058
35.298,430
4,087,867
13,873,493
12,453,283
3,825,800
624
13,624
27,822
Purpose—Net proceeds
follows:
tion
$176,000
Finance
to
Cost
of
Prov.
products
for
available
be
Engineering
ship.,
adv.,
&c.
notes
on
on
2^0,000
160,446
339574
cash
of
other
649,224
1,073,407
725,564
600,165
27,324
33,065
33,192
2,797
5,752
5,220
1,016
$591,467
$1,361,661
$1,175,093
$4G0,805
exps.
expense.
present
$61,500
items,
and
bef. taxes
Normal
income
%■ surtax*
inc.
on
and
tax
have
balance
due
redeem
to
all
198,500
„
profits tax (less
credits)
328,600
327,000
187,692
tReduc.
in
of
note
on
to
Net
72,900
the
inactive
them
profit
tBecause
unused
of
315,000
practicable,
the
of
costs
and
$606,661
fee
Paige
and
post-war
$213,115
profits credit carried over from
excess
Balance
Sheet,
contract.
prior
year.
Detroit
Motor
O*
Assets—Cash
crued
interest),
billed
U.
S.
to
use
of
trade
fee
inventories,
ac¬
accounts
other
$792,886;
(alter
reserves
for
$751,009; patents and trade-marks,
$6,650,147.
assets,
$1: deferred charges, $47,634;
'/7
Liabilities—Accounts
property, plant,
and amortization),
$25,406;
depreciation
■
payable,
$53,135; Federal taxes
$1,862,393;
income
on
on
Water, Gas & Electric Co.—SEC Hearing on
Redemption of Preferred—
The SEC has ordered a hearing on May 14 to consider company's
proposal to redeem all of its outstanding $3 cumulative preferred
stock, consisting of 67.957 shares, at the redemption price of $52.50
a share plus accrued dividends.—V.
161, p. 1772.
automobiles,
were
made
under
required
from
with
with
Corporate
% .%%;. %
and
the
1945—Month—1944
1945—3 Mos—1944
oper.
revenues
$207,253
$207,688
$592,471
$603,771
Railway
oper.
expenses
171,014
163,806
491,040
467,489
Railway
tax
accruals
Railway
of
and
United
RR.
Joint
9,355
8,933
rate
ry.
7,744
13,744
26,207
28,925
2,047
2,090
6,069
6,327
$15,286
$17,391
$36,311
$69,631
1,149
604
3,242
become
——
loan
of
$16,435
$17,995
$39,553
$72,773
237
339
619
to int._
$16,198
$17,656
$38,934
$71,798
applic.
3'/!%
and
entire credit
per
its
Florida
&
Ry.—Gets
Aid
to
Seaboard
the
made
July
maturity
on
John
Hyde,
B.
Mr.
Hyde
condition
toward
being
for
said
that
purpose.—V.
has
view
in
arrange
to
paying the principal.
that
$7
one
161,
of
pay
the
company's improved financial
due and put up $2,000,000
interest
Southern Ry. also will put
p.
up
$2,000,000
1879.
Sugars, Inc.—Registers With SEC—
,;%Z%1%
and one-tenth
shares
for
each
of
the
26.700
shares
of
preferred stock now outstanding:.
The holders of the latter also will
of 87'/2 cents per share in adjustment of
preferred stock from April 1 to May 15, the date
from which dividends on the new $4.50 prior preferred will accrue.
receive
All
cash
a
dividends
on
shares
redemption
The
payment
the $7
of
at
shares
to
the
$110
of
new
$7
(After
pfd.
stock
a
$4,000,000
-
a
share
plus
not
exchanged
accrued and
preferred not required in
will be sold to HaUgarten &. Co.. and
underwriters.—V. 161, p. 1879.
will
unpaid
be
called
for
dividends.
the exchange program
Harris,
Hall
Co.:
(Inc.),
161,
1655.
p.
Co.—May Sell 4 Freighters—
Utica.
said
E.
Harold
ships,
the
interests"
this
cargoes
annual
their
at
%
158,
at
up
of
Buffalo,
identified.
not
were
the
N. Y.,
They
Cha'rman
Brayer,
tied
now
which
year.—V.
yearly
directors
meetings
Wednesday
in
to
meeting
from
13
from
June.
D. Thatcher.—V.
the
The
1637.
p.
May
on
11,
and
9,
to
voted
in¬
change the date
to
second
Wednesday in May to
directors are John W. Morey
new
%;%■%' %%%%%; v%',;' ;%vZ%:%%i'/%:%%
161, p. 1095.
for
the
at the rate of
consists of an
loan
and
the
of substantial
31, 1945, the
carrying
March
of
as
inviting
is
company
tenders
its
of
preferred
$6
stock
for
30
announced.
will be de¬
termined by the directors sometime before expiration of the tender,
and will depend largely upon the number and price of shares tendered.
beginning May
The
amount
Stock
the
of
revolving bank
with interest
;%%' /%'''%'
Giving
Effect
to
Present .Financing)
stock
to
be
certilicates
1945, Donald G. Millar, President,
by the company for this purpose
7,
spent
to
are
Greenfield, Mass.—V.
forwarded
be
161,
Franklin
to
Trust Co.,
County
% %
987.
p.
% %.
Gulf, Mobile & Ohio RR.—Notes Authorized—
The ICC on April 20 authorized the company to issue at par not
exceeding $376,740 of promissory notes in evidence of the unpaid
portion of the purchase price of certain equipment to be acquired under
.
lease
a
agreement.—V.
161,
1880.
p.
/ ;%•:
(M. A.) Hanna Co.—Officers Reelected—25-Cent
All
officers
directors
of
office
M.
:% %\
,■
Com¬
Dividend Declared—
mon
of
this
held
company
re-elected
were
30
but
at
the
successor
no
was
annual meeting
elected to the
the board, which was held by the late Howard
%%%%%';%% %%Z %%:%■■ .% % '"' '
%•.' %'•'%',%%%:%
^
directors
The
April
on
of Chairman of
Hanna.
stock,
payable
voted
June
dividend
a
of
cents
25
stockholders
to
13
of
share
per
on
June
2,
record
common
the
and
regular quarterly dividend of $1.0625 per share on $4.25 preferred
stock, payable June 1 to stockholders of record May 15.
%
A
distribution
of 25 cents per share
was
made on the common
stock on March 13, this year.
Dividends paid on the common stock in 1944 were as follows: March
13
and June
13, 25 cents each;
Sept.
13, 35 cents; and Dec. 13,
65 cents.—V.
161, p. 1772.
12,939 shs.
of
(par $50)
11,817 shs.
200,000 shs.
4,455,231 shs.
300,000 shs.
been
reserved
for
conversion
of
the
5%
con¬
Hawaiian Pineapple Co., Ltd.—50-Cent
stock.
preferred
of Dec. 31,
balance
A
Outstanding
(par $1)—.♦6,000,000 shs.
*600,000 shares have
vertible
$319,107
due
depreciation
and
on
the
for
taxes
mortgage
a
note
preceding
payable
calendar
to
RFC,
month,
and
with
payments on or before March 1, 1945, and annually there¬
the amount, if any, by which 50% of the corporation's
each in
depreciation (but after taxes) for the preceding
the amounts of the payments as above required;
provided, however, that no such annual additional payment shall be
due
so
long as the aforesaid Bank Credit Agreement, dated as of
Feb. 15, 1944, is in effect.
earnings
before
As
of
tion
Dec.
31,
there
1944,
were
outstanding
aggregating $1,400,000, pursuant to the
15, 1944.
notes
of
the
corpora¬
of the Bank Credit
terms
Agreement dated as of Feb.
Warren
31,
Manufacturing Co., a subsidiary, was indebted as of
the amount of $3,455,297 to RFC under the provi¬
City
1944,
of
Loan
bearing
providing for
the rate of 4%
14, 1946.
Agreement
interest
at
credit of
outstanding, loans
maximum
a
on
maturing by its terms on Feb.
Income
Statement,
Years
Ended
sales,
etc.--
less returns,
Dec,
81
Cost
of
sales—,
Provision
accounts——
doubtful
for
1943
25, 50
5,142
from
276,-366
566
______
$3,916,342
156,339
$1,992,756
145,269
$2,210,419
118,528
$4,072,682
_______
$2,328,947
$2,138,025
299,260
1,180,000
income—
341,851
752,776
charges.
(less
profits tax
credit, $91,000)
income
for
25,
held
from
for
employees
U.
S.
Govt,
Sheet,
demand
collateral
Dec.
deposits,
a
other oper. revenuesOf goods sold
for
Gross
depreciation..
$11,610,443 $12,590,063 $51,194,392 $54,975,082
8,842,483
9,041,182
6,882,973
39,238,517
184,617
183,511
751,083
763,903
profit™
mfg.
$1,385,249
$1,174,018
ministrative
-
Gross
840,986
profit,—.
oper.
$1,742,362
% 38,295
$2,577,588 $10,113,529 $11,480,446
58,962
111,906
% 152,044
$1,780,657
$2,636,550 $10,225,435 $11,632,490
income
Other
income
charges
for
♦Net
Cash
—
57,042
prof,
funds with¬
Federal taxes and war bonds
(contra),
notes—Tax Series C, $500,000;
note
receivable
($3,318,199
pledged
inventories,
$7,331,992;
prepaid
;■%' / /%;%%', ;■%%/%-;'.
%%;•;
-'>/%%■/
,%:'//
note of Graham-Paige Motors Corp.—pavable
to RFC—portion representing minimum monthly installments of $10,000
each,
$120,000;
notes of Graham-Paige
Motors Corp.—payable to
Liabilities—Mortgage
banks under Regulation VT bank credit agreement
$1,849,155
$2,954,192:
funds
pledged
customer's
withheld
$195,202;
(contra),
A,
from
$7,386;
as
collateral),
•
(accounts receivable
$1,400,000;
accounts
payable;
advance under contract, $70,560; liability for
employees for Federal taxes and
war
bonds
dividend payable -on,-5%- cumulative preferred
for renegotiation refund, less Federal inconie
reserve
and ; excess' profits: taxes applicable. thereto^ $25,000; - Federal income
and excess profits taxes. $2,279,000; payrolls and. vacation, pay, $543,888r
taxes - accrued,
$135,994;"/ibterest.
accrued,
-
£7,411;insurance,
$43,799;% legal and other' professional fees, '*19.161; -replacement oftools; $104,812; sundry accruals, $43,239; total non-current
customers'
57,042
64,909
67,539
1,252,000
2,081,595
7,890,905
8,925,825
$471,615
$517,913
$2,269,621
$2,639,126
543,011
% 543,011
2,172,045
2,172,045
434.409
434,409
434,409
434,409
$1.09
$1.19
$5.22
$6.08
94,600
175,100
666,300
________
Fed.
income
(estimated)
taxes
period
for
dividends
_
Outstdg. com. sharesEarnings per share
of
161,
post-war
of___
credit
tax
—V.
3,492,216
3,446,808
787,782
expenses
$61,200
1202.
p.
i;
-
Gross
profit
1943
1944
1945
1
■
K ■
■
■
■
'1942
1
$4,951,765
$5,402,735
1,690,203
$4,416,580
1,258,229
1,§83,531
$4,248,685
Operating profit
Other
■f
$5,908,710
1,660,025
sales—
on
%
.%
i
.
$3,712,532
$3,158,352
$3,^68,234
1941
31,
$2,263,075;
total Investments and miscellaneous receivables,
$151,753;
net property,
plant and equipment, $3,041,557; deferred
charges—experimental and development expenses, etc., $41,282; total,
of.
$3,365,369 $13,560,337 $14,972,662
$2,583,347
Selling, general and ad-
3 Mcs. End. Mar. 31—
$183,020;
expenses,
—12 Months Ended—
Apr. 1, '44 Mar. 31, '45 Apr. 1, '44
nr]
Cost
Prov.
%■■•%/%'%%./
(& Subs.)—Earnings—
—3 Months Ended—
rnvflltio*?
dfilpQ
161,
50 cents.—V.
25,
/;/% ■%:/".;;.%:.-:%-
Mar. 31, '45
Not
and Nov.
cents;
176,383
160,507
196,408
179,765
—$4,425,068
$3,873,039
$3t354,759
$3.^47,999
281,342
239,571
338,148
income
treasury
$20,888;
accounts
to liabilities), $4,146,651;
receivable—officer,
as
25
Hazel-Atlas Glass Co.
Period—
Expenses
Balance
and
cents per share
Ilershey Chocolate Corp. (& Subs.)- -Earnings$1,774,421
hand
Distribution—
50
813,078
819.000
—
year
on
of
:
post-war
Consolidated
Assets—Cash
dividend
a
./;.%■■
♦Exclusive
Income
Aug.
cents;
567.
Prov.
1942
413,111%%
994,248
...
operations.
income.
L
Other
May
p.
Other
$43,077,018 $20,870,318 $12,804,966
38,161,285
18,246,787% 10,535,277
declared
1
capital
Total
1944
Gross
May
on
stock, par $5, payable May 25 to holders of record
May 15.
On Feb. 24. last, a distribution of 25 cents per share was
made.
Payments during 1944 were as follows; Feb.
25, 25 cents;
the
on
in
"V"
a
$4,000,000
directors
The
1944, the funded debt of the corporation consisted of a
dated
Jan.
10,
1940, in the original principal amount of $2,000,000 and
maturing on Jan. 10, 1947.
The original terms of the note were
amended
on
Feb.
28, 1944, to provide for repayment in minimum
monthly installments of $10,000 each, with additional payments due
each month in an amount equal to 25% of the net earnings after
stock
preferred
year.—V.
1945, as against
in April,
contract
prime
a
agent of all moneys due or to
contracts.
The proceeds of the
finance
receivable
cumulative
$195,202;
announced.
■.Company has registered with the SEC 29,370 shares of (no par)
$4.50 cumulative prior preferred stock, which will be offered on the
of
used
and
"outside
to
stockholders,
This
amphibious
of
convertible pfd. stock (par $25)
$17,875,419.
Godchaux
basis
the
to
5%
with
1
would
it
1942
prior to maturity and
Security
5%
Common
Net
Vice-President,
last
1945—3 Mos.—1944
1
$5,266,750 $15,450,471 $14,432,371
.
Meet
sale of the Macon-Palatka line of the comoany
Ry. have failed, and the Georgia Southern
the a'd of the Southern Ry. to meet the
of its $4,000,000 first and refunding 5%
bonds,
1945—Month—1944
146 stores in operation
month
carried
first
days
Corpora¬
Authorized
Line
Air
provision
1945—4 Mos—1944
Greenfield Tap & Die Corp.—Invites Tenders—
„.
equipment
and
manufacture
being utilized.
was
Negot'ations for the
has
in
an
amount
production
war
accounts
Capitalization
Bond Maturity—
to
the
providing for
agent,
annum
thereafter.
presently
are
as
principal
the corporation
Excess
Southern
had
the number of
and M.
•
Plant
Defense
machinery
to
produce
Federal income taxes
,
t
distributors
manu¬
975
_
161, p. 1998.
Georgia
to
Detroit
of
under
inventories
Gross
Suro.
the
special
addition
Selling, general and admin, exps,_
income.
Gross income
—V.
with
and
the
In
Navy
maximum
by
due
Profit
from
the
3,142
income
Deducts,
install
8,300
<net)_
oper.
Non-oper.
8,636
income
rents
fac.
2,967
common
For offering,
Dixon
future
the
'%;%///-;%%%.%■
was
replacement parts.
During the
both inclusive, the corporation was
the corporation secured
Consolidated
(net)—_—
The
approximately 55% of the sales in 1944,
annum
of
Act
3,500
of
and
1940,
them.
States
Bank
the
in
per
and
2,981
rents
Net
2,968
network
an
initial quarterly
dividend of 10
stock, payable June 8 to stockholders
see V. 161, p. 1880.
declared
the
on
committee,
sold
not
crease
of
Credit
assignment
sions
3,2?9
last
the new post immedi¬
sales division to handle
assume
Great Western Sugar Co.—Two New Directors—
two are in Canada
war
be
have
an
10%
the
5';%
Unem¬
RR.
1938i
Equip,
14,166
Taxing-
ployment'Ins.
%
14,853
accruals
tax
(Federal
will
landing craft
"Alligator."
This type of production amounted to only
of the corporation's sales in 1942, but has increased until
as
National
Dec.
1937.)
Railway
4,722
accruals
tax
(Federal
Act
4,951
______—_
the
calendar year exceeds
Railway
(regular)
United States,
prior to
Agreement—(VA Loan)—In order to obtain or replenish
working capital used in connection with war production contracts, the
corporation in 1944 executed a Bank Credit Agreement, dated as of
Feb.
15, 1944, with the National Bank of Detroit, The Detroit Bank
net
(Including Statesboro Northern Railway)
Period End. Mar. 31-
to
contractors
to
produce
materials,
war
after,
(Combined)
Receivers
tractors
1925
the
leases
to
additional
Georgia & Florida RR.—Earnings—
since
,
25.
same
D.
executive
manufacturing program inaugurated in 1941 involved
the production of intricate and highly precisioned parts used in air¬
craft and marine engines and in guns and torpedoes.
Arrangements
As
General
Hodgson,
Manager
General
subsidiary,
a
concern's
$4,677,496
the
George
expanded
total,
accrued taxes and other
(estimated), $646,908; ad¬
ccst-plus-fixed-fee contract, $461,143; reserve for Service
warranty of refrigerators, $339,540; capital stock (par $10), $100,000;
earned surplus, $3,187,028; total, $6,650,147.—V. 161, p. 1879.
expenses,
vances
the
in
corporation
%'■'%.,
--
i
is
%'%■'
the
of
16-year period
at
cost-plus-fixed-fee
on
Treasury savings notes (at cost and
receivable (net), $653,397;
under cbst-plus-fixed-fee contract with U. S. Gov¬
reimbursable expenditures for production facilities,
$255,339;
equipment
restricted
$253/715
$250,554;
and
costs
ernment,
$17,096;
and
(incl.
$3,856,826;
and
$12,965,312 $13,618,409 $51,721,536 $45,189,175
Great Lakes Transit
is
Europe.
"
contract),
J.
Raymond
The stockholders will vote May 22 on approving the sale of the com¬
pany's four package freighters, the Fred W. Sargent, Alfred H. Smith,
in
Michigan
Co.
Corporation
engaged in the manufacture and distribution of automobiles.
credit
Feb. 28, 1945
Co.,
nationwide
activities.
organized
was
same
subsidiaries
in
are
business
Bank
$622,848
by
President
1945—Month—1944 %
have
share
company
in
147
______
cost-plus-fixed-fee
on
Sales Manager of
General
as
recently
1998.
p.
___
The
since
It
the
inactive
two
The
about
89,750
$320,067
billable
•Including
446,400
______
directors
per
Sales
1940, for the assembly, distribution and sale
the present intention of the management to
purpose after the war is over, to the extent
and when conditions are such that this can be done.
One
for
it amounted to
,
$17,875,419.
(H. L.) Green Co.—April Sales—
Reconstruc¬
purchase presently out¬
cumulative preferred stock, $4,302,500 will
reconversion
as
automobiles-
known
taxes
Fed.
income
on
proposed
161,
auto
the
expand
Period End. Apr. 30—
or
Business—Corporation
1909,
been
above
Excess
Lake
Vice
1655.
p.
record May
of
name to present title in January, 1928.
Corporation has six wholly owned subsidiaries of which only one,
Warren City Manufacturing Co., is active at the present time.
This
subsidiary was acquired on Aug. 7, 1944.
Prior to the advent of the
present war, the corporation utilized five subsidiaries, all of which
tion
Prof.
total,
(The) Grayson Shops, Inc.—Initial Distribution—
for
current
History
Sept. 28,
An
payable..
interest
155,003
('303,002
sell¬
Peerce
been
Manufacturing
—
161,
The
general corporate purposes pending specific applica¬
including, but not by way of limitation, the maintenance
balances/the carrying of inventories, accounts receivable and
facture
expenses
Warehouse,
Other
loss
$965,838;
thereof,
and
inventories
civilian
ing,
war¬
refrigerators
of
Provision
Int.
sold__
service
for
ranty
will
and
cents
(approximately $4,540,000) will be applied as
pay
Corp.,
standing 311 shares of 7%
82,449
_
income
$5,833;
unpaid accrued dividends.
use
Total
City
dealers.—V.
—V.
changed its
Comparative
advance,
(W. T.) Grant Co.—April Sales Off 4.8%—
time
and
E.
announced
has
Period End. Apr. 30—
The
any
Warren
Sales
the
on
preferred.
part
premium of $2.50
a
stock
common
share
one
surplus,
Hodgson said that Mr. Lake will
ately
and
(par $25) was made May 8 by
which was priced to the public
share, has been oversubscribed.
per
new
of
basis
the
of
was
Lake
Mr.
Graham-Paige's
'
ferred stock, cumulative
Allen & Co.
The stock,
at
earned
appointment
corporation
Mr.
Graham-Paige Motors Corp.—Stock Offered—Offering
a new issue of 200,000 shares of
5% convertible pre¬
of
in
November.
planned by the Goodyear company.
The plant
Gadsden, Ala., where Goodyear has other manufactur¬
in
facilities.—V.
$150,000;
President.
of
awarded
construction
received
New General Sales Manager Named—
/
k
income
preferred stock ($100 par), $31,400; 5% cum. preferred A
($50 par), $590,850; common stock ($1 par), $4,455,231; capital
cum.
stock
footwear
5,000
Taussig, Day & Co., Inc.—
Chicago
contract
rental
liabilities,%$3,706,624;
,
all of its
next,
(
tion
5,000
Stein
of
8,500
12,500
Co
Roberts
Simons,
Straus
8,500
Eoney &
4,
15,000
Inc.—
Co.,
Gorman
June
on
Goodyear Tire & Rubber Co., Akron, O.—Awards Con¬
on
Shares
Shares
Paul H.
redemption
tract for New Plant—
preferred
follows:
as
Bonds—
7%
for
The
The
the num¬
and
underwriters
several
called
outstanding first mortgage. 4»/4% bonds due 1956 at 103 and interest.
will be made at the Bankers Trust Co., trustee, 16 Wall St.,
York, N. Y.—V. 161, p. 1998.
'
%.,/ %/..%%%"
surplus.
against earned
the
of
names
$1), on the basis of 60
each share of common stock
(par
for
charged
was
reclassify such shares
and
has
Payment
28,
1945, company had 10,000 shaves of common stock
authorized and outstanding.
On April 9, 1945, the articles
incorporation
into
Outstanding
600,000 shs.
$1)
Goodrich Co.—To Redeem
company
New
and
Capitalization
♦Common
(B. F.)
The
2109
Total
Cash
income
disc.,
Loss
int.,
/
etc
236,245
dis-
assets
on
■
Federal
&
2,251
_—__
t2,748,776
t2,158,548
tl,742,940
♦1,J47,941
$1,430,897
$1,37.2^48
~ 253,844-
$li6l,^10
income
& State
excess
prof,
taxes
Net
profit j.——$1,439,845
Conv. pfd.'dividends™
253,844
Common dividends^514,312
shs.
(no
„
Fedefal
of
514,312
?53,844
514,312
514,312.
.'.
.
$662,741 !
685.749
share.*
com.
♦Includes Federal
surtax
,
$893,754:
$604,092
outstanding
par)
Earns.- per
253.844
$671,689
Surplus
Com.
.
203
posed of
$743,336
excess
excess
in
$797,15T in
tax
of
j
$811,848 in. 1944
of $1,915;449 .in
1943.* and -Pennsylvania
$90,009 for
$1.6?
$1.54
1
.
-
685,749
$1.96
profits taxes.tIncludes Federal-normal
1945,
profits tax
and
% $1.63
685,749
685,749
ail years.—V.
160,
p.
and. $855,783
andi
in -1943:
1945,j $1,256,709'inM944
income* And'frfirfehftSe
2184.
■
-
■
"n:t:
THE COMMERCIAL & FINANCIAL CHRONICLE
2110
Hewitt
Rubber
Similar
belting, and molded and sheet rubber products.
Its sales are madeprincipally through distributors in the important industrial centers
of the-country as well as in Europe, South Africa, Central and 8outh
machinery manufacturers which resell such products
equipment on machinery manufactured by them.
of the war, sales of its regular products have
to
and
standard
as
accessory
'
since
outbreak
the
continued
in
increasing
substantial
manufactured
Inc.,
Conveyors.
sales
and allowances.,^.—
returns
Gross
and admin
gen.
fixed-fee
U.
from
Sales
123,721
106,592
$1,381,220
$865,092
63,185
experimental
allowed,
for
152,620
research
and
expenses
contingencies
income
Federal
Post-war
161,
and
made
place
of
United
1,095,533
501,101
Cr99,071
Cr39,580
—V.
161,
$312,572
directors.
V.
161,
•
Ili tide
May
on
Earnings
B
share—
per
•After charges and
2543,'
p.
785,000
The
■
earnings
record
the
at
Smith,
operations
M.
close
the
the
$0.35
$0.40
given
$0.60
"Chronicle"
the
in
of May 7
are
1945 and 1944.
been
ap¬
preferred
business
three
months
corresponding
16,
date.
the
ending
income
gross
March
in
An
last year.
that
period
that
on
Oct.
on
announced
31,
1945
1944.
President
director
a
of
the
fill
to
a
Fink
&
Products
East
Brooklyn
vacancy.—V.
after,
Fed.
inc; and
Net
profit
Earnings
1945
of
'1944
$1,001,831
profits taxes..
has
:
1943
$1,615,754
$1,521,045
522,500
878,000
820,300
$479,331
...
$737,754
$700,745
share.
per
Number
Bank
769.
p.
Corp.—Earnings—
charges..
excess
Savings
161,
capital
$1.19
shares.
$1.84
$1.75
400 000
.....
400,000
400,000
161, p. 569.
3rd.
who
of
remains
Knerr,
B
AH
Other
Vice-
President.
H.
Lehigh Coal & Navigation Co.—Calls 4%% Bonds—
of direc¬
board
the
as
Vice-President;
the
board
tion
Story Smith. Vice-President and Secretary;
and
Kenneth
on
at
the office of the Pennsylvania
Company for Insurances on Lives and
Granting Annuities, trustee, 15th and Chestnut Sts.,
Philadelphia, Pa.
There
Assis¬
Thompson,
N.
ot
the
outstanding consolidated mortgage 41/1>%
sinking fund
bonds, series C, dated Jan. 1, 1914, have been called for
redemp¬
July 1, next, at 105 and interest.
Payment will be made
gold
•
have
also
been
interest, all of
50-year gold bonds.
Co
successor
V.
called
for payment 011
July 1, 1945, at 105
outstanding funding and improvement 4%
Payment will be made at the Provident Trust
trustee, 17th and * Chestnut Sts., Philadelphia, Pa.—
and
of
161, p. 1883.
the
first and general mortgage
(Nos.
and
3, A
10, B 36, B 71,
have been called
166)
B
interest.
and
par
A
King
Payment
for
be
B 83. B
105.
redemption
at
made
Sts.y Toronto, Ont.,
Yonge
and
15-year sinking fund bonds,
B 76,
will
Quarter Ended March 31—
Income
July
on
The
113.
B
Net
company
10
Mav
on
issuance
of
certificates
1,145,497
708,638
1,054,697
418,818
121,150
193,895
186,900
i(676
2,772
2,231
$511,971
$404,109
charges..
&
profits tax
exc.
profit
months
12
ended
compared with $1,231,557
V. 161, p. 209.
repre¬
$828,864
interest
For the
-
the
began
1943
$751,313
$295,992
after
Changed
1944
$570,096
766,851
Fed, & State inc.
Minority
Canada.
1945
operations
income
Profit
1, 1945,
Bank of
Royal
from
Gross
B 115,
March
the
for
31,
1945
profit
net
months
12
ended
593,240
$1,630,699,
was
March
31,
1944,—•
senting new common stock having a par value of $1 per share.
Common
$582,347,
shares
shares
outstanding
now
Joseph
notified
of
Mullen,
at
sale of
cents
25
be
exchanged
in
lieu
that
connection
the
for
new
Lerner
the presently outstanding
share of
one
Issued
stated
in
date
for
par
President,
later
a
will
the basis of four shares of
on
shares
Scrip certificates will be
par.
Federal income and excess profits taxes.—V. 160,
"
1
three and twelve months ended March 31,
of
made
was
President,
for
over
O'Neii,
elected
Net
Vice-President; A. W. Porter, Assistant Treasurer;
Assistant Secretary: George P. Breece, Assistant
Hardy,
1%%
A
The
785,000
—_L—_——
has
161, p. 2001.
151
new
of fractional
with
the
167,000 shares of new $1 par common
proposed
will
161,
the outstanding first mortgage
of
Jan,
and
those for the
See V. 161,
1,' 1941, have
been called
for
Libby, McNeill & Libby—Official Promoted—
corporation on May 2 announced the
promotion of
Ta.ylor to General Manager of its California fruits
division.
ceeds W.
Julv
on
1,
next,
* Payment
will be made at the City National
trustee, 208 So. La Salic St., Chicago, 111.—V. 116,
at
101
Bank
Leroy
He
J.
suc¬
years
his
new
Gellersen
who
has
held
the
post since 1923 and is retiring
service with Libby's.
capacity Mr. Taylor will have full charge of Libby's
canning operations on the West Coast.
This is one of the
largest divisions of the company and includes the
canning of many
varieties of fruits and vegetables.—V.
160, p. 2199.
extensive
Kansas, City Southern Ry.—Sells Notes—
Hudson Bay Mining & Smelting Co., Ltd.—50c. Div.—
46
In
&
184.
p.
A.
after
sinking fund bonds dated
redemption
1945—3 Mos.—1944
$7,229,098 $21,62.1,141 $18,812,880
1656.
p.
The
interest.
Trust Co.,
1999.
6'/2%
161,
for
Johnson Fare Box Co.—6V2% Bonds Called—
All
1945—Month—1944
$6,494,620
—V.
be
1204.
p.
30—
Sales
offering
shares.—V.
Stores Corp.—April Sales-
period End. April
$1
shares.
stockholders
common
of
common
'
Household Finance Corp.—Quarterly Statement—
p.
of
37.7%
Lehn
directors, in addition to Mr. Clark, in¬
due: John C. Banser, Paul O. Buckley, Robert C. Hardy. J. A. Harris,
3rd, Albert R, Jacobs, H. B. Knerr, A. W. .Porter and J. Story Smith.
common
785,000
shares———
J.
Chairman of
elected
Harr«»
0/Buckley,
Jacobs,
C.
common
$379,501
—
class
has been
A.
Paul
Secretary and Assistant Treasurer,
tant Secretary.
.
profit
York
cumulative
declared a dividend of' 5%- on the capital
undivided profits, payable April 26,
1945, to
of
9 Mos. Ended March 31—
—New Financing Soon—
1943
1944
$424,852
1945
Clark
Jefferson Lake Sulphur Co., Inc.—Par Value
(& Subs.)—Earnings—
Houdaille-Hersliey Corp.
New
7%
New Director Elected—
Secretary.—
35
were
and Treasurer:
R.
Canada,
The
Quarter Ended March 31— *
S,
are'
Robert
headed by Maynard H. Murch, Cleveland,
of
Assistant
as
title
Leo
succeeding J.
Pres'dent
at
registration statement becomes effective, on or
unexchanged portion is to be underwritten by a
and Glore, Forgan &
Co., Chicago,—V, 161, p. 1880.
May
•Net
serve
of
and
Jacobs Aircraft Engine Co.—New Chairman—
tors,
the
when
about
Number
will
Boyd,
out
Thompson
increased
President
as
Henry
T.
City
V"*■'"A.:/:". j.",
payment of like amount
Lee
—V.
B
35.900 shares
of
the issuance
approved
7
group
12,
Spencer
and
the
common
recently
$10,
stockholders
Steel
There
series
convertible preferred stock in exchange for
cumulative
started
C.
Banfield
Mr.
Griffiths
of
the
for
1883.
p.
directors
par
from
besides
P.
The
initial
in
Portland.
Mansel
161;'
Lehigh Valley Coal Corp.—Earnings—
outstand¬
ing $5 cumulative convertible preferred stock on a share for share
basis, subject to certain dividend adjustments.
The exchange is to
be
Omar
in
line-up,
new
are
Bank
-
:
stock,
the
of
President
become
to
1945—4 Mos.—1944
$3,103,265 $12,761,574 $11,140,337
Lawyers Title Corp. of New York—Dividend No. 2—•
Earnings from Title Operations Increased—^
m
(The) James Morrison Brass Mfg. Co., Ltd.—Call—
Paper Co.—Exchanged Ratified—
Dauch
&
Bank
the
resigned
director
a
,
Co.—Special Offering—A special offer¬
ing of 3,900 shares of capital stock (no par) was made
the New York Stock Exchange May 3, at $92*4 ner
share, with a commission of $1.50, by Lehman Bros. The
issue was oversubscribed in the elapsed time of 23 min¬
$0.48
share—
common
stockholders
The
of $4
in
Manager,
elected
been
$595,868
Agent—
National
transfer agent
stocks.—V.
on
Eleven
♦
:
1945—Month—1944
$2,856,338
—
Chase
pointed
1543.
p.
Inland
1426.
p.
officials
General
who
Sammons,
States National
Other
,
and
C.
L--™--
Transfer
<
$250,951
$0.62
——i-u.—
■
income per
E.
has
Spencer
$631,541
Lane Bryant, Inc.—April Sales—
Co.—Changes in Personnel—
C.
Omar
1945—4 Mos.—1944
$154,611
1774.
p.
Period End. April 30—
Sales
The
Secretary.
1945—Month—1944
$155,313
161,
been
Changes in the officers and directors of this company which moved
up key men and added two new Vice-Presidents, have been announced
by T. H. Banfield, President.
*
'
Prank 6. Hecox, who has been Secretary^Treasurer,' is. now Vice-.
President and Treasurer, as well as director,'
C. T. Burg, General
Sales Manager, becomes Vice-President in charge of sales and remains
a
director.
Clifford W. Snider, who has been Comptroller, has been
♦Members
9,000
—
profits taxesprofits taxes—.—
excess
of excess
refund
income
Net
has
2000.
1656.
p.
Iron Fireman Mfg.
\
—V.
Net
161, p.
1945—Month—1944
1945—3 Mos.—1944 $3,223,009
$3,507,566 $10,764,339
$9,299,699
———
—V.
officers
purchase discounts; etc.—
miscellaneous
and
Vice-President,
Executive
director.—V.
a
period End. Apr. 30—
360,022
$758,500
cost-plus-
Government
S.
contract,
Disccunts
formerly
and
.
Malcolm
Liu———————*
Provision
Bradshaw,
President
Albert
Total
(Mr II.) Lamston, Inc.—April SalesPeriojl End. April 30—
Sales
»Interstate Department Stores, Inc.—April Sales-
2,873,163
337,079
expenses-
profit
derived
since,
none
1943.
$3,991,685
$1,257,499
shipping,
Pees
$4,559,321
2,964,743
less
sales'
Cost- of
Sell.,
15,
purchases by 21 firms; 500 was the
largest trade, 10 the smallest.—V. 161, p. 2000, 670.
1944
1945
3 Mos. End. March 31—
Gross
elected
utes.
(& Subs.)- -Earnings-
Iieyden Chemical Corp.
•
15, last year:
15 and Dec.
,
Passaic. N. J., whose business was founded
in
1391, is a leader in the design, engineering and manufacture of
bulk materials handling machinery, particularly belt conveyor systems,
for which the belting has been' supplied by
Hewitt for the past 25
years.
Sales are made throughout the united States and abroad, par¬
ticularly in South America, South Africa and Russia.
V. 161, p. 1772.
Rcbins
May
on
been
aircraft.
combat
volume) and in addition the company has
quantities of ballet sealing fuel tanks for
issue
President Elected—
Thomas
be issued in exchange
for all of the outstanding common stock of Robins Ccnveyors, Inc., and
the remaining 70,000 shares are proposed to be offered publicly by
F. Eberstadt & Co.
Robins Conveyors presently owns approximately
41%
of the outstanding stock of Hewitt Rubber Corp., which stock
will, in effect, be indirectly reacquired by Hewitt if all of the Robins
stockholders accept the exchange offer.
The 70,000 shares to be offered publicly include 60,000 shares to be
issued by the company.
The proceeds are to be used for the purchase
of additional machinery and for plant extension for the manufacture
of
foam latex
products, which will be sold under the trade-name"Restfoam"; for the expansion of the company's molded goods busi¬
ness, and for additional working capital.
The remaining 10,000 shares
are to be sold by a stockholder.
The business of this company dates from 1859.
It is an Important^
manufacturer
of
industrial
hose, conveyor and power transmission
America,
this
on
—V.
120,000 are proposed to
Of these shares,
made
was
payments were made on Feb.
New
Company has filed a registration statement with the Securities and
Exchange Commission covering 190,000 shares of common stock ($5
par).
share
per
Corp., Buffalo, N. Y.—Registers With
SEC—
Monday, May 14, 1945
"
.The
directors
The
declared a quarterly dividend of 50 cents
per share on
the no par value common stock, payable June 11 to
holders of record May 11.
A similar distribution was made on March
12, last.
Semi-annual dividends of $1 each were paid on June 26 and
Dec.
'
recently
21, 1944.—V.
Hudson Coal Co.
Federal
for
other
than
taxes
taxes
on
on
income
7,829,349
holders
The
307,772
398,477
stock
mon
448,968
to
for
of
income
"No
provision
DeJ$37,010
___
for excess
profits
taxes.—V.
161,
Illinois Bell Telephone Co.—March
Period End. Mar, 31—
Operating
Uncoil,
held
oper,
Net
Earnings—
—
income—
oper.
income
161,
1945—3 Mos.—1944
5%
directors
on
be
cash
Net
proceeds
pany's
from
treasury
of
1
$3,262,157
for
cancellation
2,719,722
2,508,755
the
resultant
of
improvement
161, p. 2001.
$1
share
per
The
issue
Other
&
the
on
Co.,
of
dividend
Inc.
of
one
share
of
to
directors indicated
the
issuance
payable
the
July
12Vb
was
the
of
1
cents
Gulf
&
to
the
of
record
2.—V.
Ry.—Bond
with
together
sale,
first
will
applied
be
mortgage
cumulative
convertible preferred stock, par $50, payable June 1 to
record May 11.
Of this payment, 62V2 cents is the current
dividend and 37%> cents is on account of
arrearages.
A'
distribution of $1 per share was also made on March
1, last.
Dividends paid in 1944 were as follows: March
1, 62y2 cents; June 1
tenders
Co.,
$324,000
of 5%
retirement of
awarded
was
99.07
?%s.
all
on
First
were:
for
Parker & Redpath,
com¬
to
161,
Sept. 1, $1 each; and Dec. 1, $2.—V. 161, p. 1095,
The
cock
in
International Mining Corp.—Asset Value—
At
March
31,
stock
1945,
the
net
asset
of
the
per
share,
of
the
489,973
shares
for
5%
bonds
bid
15.
Boston
and
R.
of
for
161,
common
194i—V.
31,
outstanding was $3,996,949, or ap¬
compared with $8.39 per share MarchV
as
due
the
Long
asked the
has
Life
Insurance
1975,
at
Island
SEC
Co,
100-and
of
to
with
treasury,
-
Smith, Barney
Auchincloss,
Lighting
system,
first
interest.
on
July
which
for
161, p. 311.
1.
1945,
$2,389,000
the
$4,211,000
of
are
redemption
is
outstanding
first
5s
and $1,822,000 are
$4,421,550.—V. 160, p.
John
to
mortgage
The
claimed
which
and
company,
exemption
from
Co.
of
Canada, Ltd.
—
General
a
Willia,m F. Kennedy, formerly with Sullivan
the
and
&
Cromwell,
Period End. April 30—
Sales
;
has joined
from
the
sale
of
the
at
105
International Nickel company in the
capacity of General
Assistant Secretary, Robert C.
Stanley, Chairman and
Solicitor
•
President,
announces.*
The
714
a
company at
year
Inc.,
Fales,
has been
President,
recent
a
elected
announces.
death
of
James
International
Vice-President
a
director of
He
L.
Rys.
fills
the
that
the
161,
Central
International
company,
vacancy
Ashley.—V.
of
of
left
p.
Robert
on
the
directors,
C.
Co.
bv
America
(S. H.)
that
is
Sales
the
—V.
:
—
Dividend:
$8,661,397
161,
p.
their meeting held on May
respect to the dividend on the preferred stock.
at
A
took
no
action
distribution
of
with
$1.25
1945—4 Mos.—1944
.
.
Kroger Grocery & Baking Co.—Sales—
$
3.
'/
$9,984,794 $37,582,576 $37,650,750
1945—4 Wks.—1944/
Sales—
—V.
161, p. 1544.
—
33,399,406
$
initially
in
100
to
the
-indictment.
shares
become
such
as
a
be
may
Capitalization
S.
Andrews
and
Carroll
"stockholder.*
p.
1428.
A nation¬
—
Kidder, Pea-
newly authorized shares
held.
of
parr
applied
The
underwriting
(no
special
a
general
any
stock
shares.
funds
corporate
Authorized
pari_____
meeting of
common
the
to
the
of
purposes.
Giving Effect to Present Financing
,
stock
authorized
•
the
was
.
*840,350 shs.
stockholders
held
April
increased from 740,350
Outstanding
+806,930 shs.
17,
1945.
the
shares to 840 350
-yv:..
;
Business
cipally
in
and
to
the
issuance
of
95,978 shares of
common
stock
the
Products—Company and subsidiaries
manufacture
and
sale
of
a
widely
a»-e
engaged
now
diversified
Drin-
line
of
mechanical power transmission and materials
handling machinery, and
also in the manufacture and sale of
castings. Under normal conditions
sales of (1) mechanical power transmission
machinery. (2i materials
handling
1945—16 Wks.—1944
$
33,730,258 135,165,400
$
131,910,421
machinery, and (3)
casting and other products represent
approximately 40',', 40% and 20%, respectively, of consolidated net
Company is one of the larger producers of mechanical
power
transmission machinery and materials
handling machinery for indus¬
sales.
trial
„
U.
and
offered.
1656.
Period End. April 21—
assistant
reports had been filed
Exchange Act was irs
only years within the statute
the
of 95,978
part
each
and
-
•At
.v.
1945—Month—1944
and
reports
present
for
■
_
Aoril 30, 1945 had 709 stores in operation, as against
Apr. 30—
McCormick
false
their
Common
Kress & Co.—April Sales—
Period End.
Stanley'
board
1882.
Deferred—
The
Nickel
of
May 7 publicly offered 65,323 shares of
(no par) at $49.50 a share.
The offering
on
stock
tGives effect
..
G.
filing
Purpose—Net proceeds will be first applied to the
redemption of 30,shares of 6V2%■; preferred stock
presently outstanding, the cost
redemption, exclusive of accrued dividends being
$3,622,440.
Any
balance
New Director—
Herbert
involved
one
which
company
1945—4 Mos.—1944
1773.
conspiracy,
Carroll
false
Securities
were
of
and
:•'
group has agreed to purchase any portion of this latter
block not subscribed for
by the present shareholders.
of
$15,780,197 $17,578,799 $65,152,641 $62,091,022
earlier.—V. 161, p.
1942
a
187
bonds, of
total required
1970.
1945—Month—1944
and
charge
Andrews
the
P.
similar
the
of
-■
the
shares
•
unit
(S. S.) Kresge Co.—April Sales Lower—
♦
is
represents
-
International Nickel
Solicitor—
1941
charges
James
said
its
mis¬
and
stockholders of the company have
preemptive rights to subscribe.
The re¬
maining 30,655 shares are currently being offered by the
company to present stockholders at the rate of
13y2
Han¬
3 1/10%
retirement
The
the
of
vice-presidents of the company shared in the
but not in the so-called "secret fund."—V. 161,
waived
mortgage
6s.
that
contains
arrest
■>
1942,
year
the
Carroll,
existence
other
plan"
on
and
sale
the
approve
$4,200,000
accrued
and
first
the
limitations.
body & Co.
2001. f
p.
1941
Philadelphia,
the
conceal
$5,000.
only
indicted
false
According to the indictment, the company had two bonus or profitsharing plans, one "legally" authorized by the stockholders and the
other
by the directors without the knowledge of the
stockholders,
common
& Co.
Pressprich
98.26 for 2%s.—V.
will surrender
3*/sV: dnt»rest rate.
a
for 3%s;
Corp., 98.33
W.
the
but
the
27
Ben
and
Welsh,
which
for
and
Link Belt Co.—Common Stock Offered
wide investment banking
group headed by
next
bonds."
99.059
at
A.
to
April
making
year which has been distributed!
employees snice 1919.
to whom the grand jury reported
ja
directors
indictment
years
the SEC
to
of
com¬
redemption
company
the
at
charges
on
$300,000
warrant
each
1935,
effect,
of
bonds..
held in
now
5%
the
of
a
the
the
from
funds
to
gold
the
since
Offered—Hal-
Commission's* competitive
bidding rule.- Proceeds
hew bonds and other funds, are to be
applied to
of
corporation
proximately $8.16
value
company
Mutual
bonds,
for
Attorney
1656.
p.
of
indictment,
bench
a
bail
set
meeting
June
fund
three-count
issued
Kings County Lighting Co.—Bond Financing—
quarterly
bonus
reports
certain officers,
Federal Judge George
a
quarterly
stock then outstand¬
holders
April
at a
that
Treasurer,
in
among
dividend
stock
common
and
leading statements
16%%
—
grand jury at Philadelphia on
President, James W. Andrews,
its
Vice-President
holders of
and
Federal
Company,
5%
payable May 21
held,
common
Contemporaneously with the redemption, the
866,987
dividend
and
to
Although
required,
as
$4,450,000
890,204
a
stock
a
shares
Oklahoma
$3,410,907
declared
Liggett & Myers Tobacco Co.—Indicted—
The
rate..
used
1.
payment
$1,191,733
1
Gas
cents per share on
declared
July
•
May
be
Stuart & Co., Inc. and associates on May 10 offered *
$4,400,000 first mortgage bonds, 3%% Series due May 1,
1980 at 100 V2% and accrued interest.
Illinois Power Co.—To Pay $1 Preferred Dividend—
The
12 %
$1,200,770
J.
23,4%
a
will
sey,
1655,
p.
for
funds,
refunding
Natural
six
May
subsequent
Kansas
•
$11,402,185 $10,769,055 $33,530,805 $31,489,351
8,007,945
7,490,363
23,148,390
22,180,925
2,193,470
2,086,959
6,971,508
6,046,269
revenues.
expenses.—
taxes
would
Previous
$11,417,571 $10,785,422 $33,582,599 $31,538,943
rev...___
15,386
16,367
51,794
49,592
Operating
—V.
880.
p.
1945—Month—1944
treasury
promissory notes to,
a joint bid
of par
on
was
and interest,—V.
at 105
company states that
be
ing
revenues
Operating
Operating
Net
$581,462
each
record
dividend of
Net
1950,
Co.
bid
a
——
263,102
depletion...
together with other
July 2, $21,000,000 of
an
serial
Trust
highest
proceeds,
•The directors have declared
303,805
282,099
:
Fixed
charges
Depreciation and
'
79,000
...
income.—
Bankers
second
Stock Dividend—
$9,471,356
6,905,746
•Prevision
The
Kansas-Nebraska
1944
$7,891,414
—
and
Co.
secret
1945
income
Trust
interest.
bonds, due April 1,
(& Subs.)—Earnings—
Expenses
Taxes,
The
./
Quarter Ended March 31—
Gross
York
accrued
sold $7,700,000 2 Va%
has
company
New
and
redeem,
'
161, p. .1999.
the
uses
in
the
United/Stajtes.
Company makes
substantially
all
of
'
Volume
sales
in
United
the
made
in
tank
and
mounts;
turret
849.50
of
names
below
which
waivers
of
of
of
preemptive
stock
common
(b)
and
'
at the
the common stock
of business^ on the
close
the
at
a
The
Lee
Higginson Corp.-
Merrill
&
McDonald
Fen-
Pierce,
Lynch.
Walker
H.
G.
5
Brothers.
Lehman
& Co.—-—Co
Blair &
5
William
Goldman,
Sachs & Co
5
Laurence
Eastman,
Dillon & Co
5
5
4
4
Alex.
Co
Bacon,
Beane
&
ner
Union Securities
Bear,
Stearns
Corp..
Co.——
&
Webber,:
Curtis
A.
C.
Noyes
&
Inc.
Years Ended Dec.
Income Statement,
Consolidated
Sell.
resulting
Govt,
Other
sales.
income
Net
93,812
Canadian exch.
of
11.760
rates-
Federal decld.
672,755
610,753
$910,978
$982,491
$1,846,434
$2,023,839
profits tax
Canada income
excess
of
Dominion
and
1,104,000
end
100,000
69,500
C?"940,400
0914,973
403,973
200,000
for
Ended March 31
Quarter
of
—
sell.
&
14,557,080
14,395,811
Net
&
excess
outstanding
Earnings
100,000
fixed
based
.
3,266,514
$616,376
710.282
$0,62
$0.60
Balance Sheet, March 31
Link-Belt Ordnance Co.)
1945
-V.
Inventories
Total
at costreceivable
—
•
*Net
1944
5,271,315
Tons
4,764
1,898,267
22,090
122,653
of
Earned
•'
wages—
preferred stock—,
V.
99,444
1,284,360
6,377,768
_—__
——
surplus
Stock reacquired
and held as treasury stock—
$531,732
35,525
45,303
$230,315
161,
p.
$268,837
Oil
170,367
1,436,586
1,148,935
(Ky.)—Weekly Output—
last
year,
increase
an
5.6% —V.
of
161,
*On
161,
per
435,090
p.
Debentures—
deferred
a
the corporation's accounts.
credit in
*
and
for
the
'a
-
not been- started
1944 have
year
accounts.
Earned
.
Surplus Account for Year
/
'
.
Ended Dec.
1944
31,
$13,962,727
_______
95,157
$14,057,88*
(incl.
11,896,432
247,531
65,805
applicable gen. and admin, exps.)
under employee
Federal
profit sharing plant
at Dec. 31,
$488,11G
I
442,791
1943____
Dec. 31,
$930,907
1944
$1,095,481;
Sheet, Dee. 31, 1944
U.
S.
v." •'
certificates,
Treasury
at
cost "(ap¬
policies on life of officer, $11,184; fixed assets, at cost (after reserve
for depreciation of $301,085), $170,341; prepaid expenses and deferred
charges, $67,509; patents and patent applications, $1; total, $5,123,215.
$0.45
8,624,294
2,373
1,323,000
credit of $147,000)
proximately market), $100,000; accounts receivable, $1,842,985; inven¬
tories; (entirely applicable to U. S. Govt, prime contracts and sub¬
contracts in process), $1,835,714: cash surrender value of insuranc®
$181,747
$0.39
4,223,944
—37,000
surtax
year___
Balance
1944
$158,284
408,000
and
tax
(less debt retirement
for the
income
Assets—Cash,
Co.—Earnings—
1945
income
profits tax
Earned surplus at
1,987
(Regulation "V" Loan), $1,293,179; accounts
$408,272;
accrued salaries and wages,
$119,568;
and excess profits taxes, $'1,577,470; other
accrued taxes, insurance, etc., $182,418; contribution under cmployea
profit sharing plan, $26,531; customers' advances and deposits, $85,498;
deferred
royalties, $350,000; capital stock (par value 25 cents per
share), $60,000; paid-in surplus (no change during year), $89,372;
earned surplus, $930,907; total, $5,123,215.—V. 161, p. 1883.
Liabilities—Note payable
408,000
payable
•
(trade),
accrued
Federal
income
Co.—Stock Offered—A block
(par $5) was offered
May 8 by Goldman, Sachs & Co. and Lehman Bros. The
issue which was priced at $36la per share, with a con¬
cession to dealers of 80 cents a share, was quickly over¬
May Department Stores
ItR.—Earnings Statement—
giVen in the "Chronicle'' of Mav 7 are those for
three months ended March 31, 1945 arid 1944.
See
and
143,188
3,018,700
137,428
3.112.800
10,690,745
10,690,745 »
11,716,137
Drill,363
handed
has
17
down
(2)
(a)
an
of
opinion
the
exempting
Investment
from
the
Company
Act
shares are to be sold by a
trust
created,
pricipally for charitable purposes, by Louis Dudley
Beaumont, now deceased, of which Nathan L. Dauby, Morton, J. May,
and Nathan Loeser are trustees under a trust agreement dated Sept.
provi¬
E.
Under
in
a
escrow
provision
with
to
the
of
the
1945
1944
1943
$293,191
$294,431
$253,510
share___:—$0.67
$0.68 '-a $0.58
shares of common stock.
tAfter charges and taxes.—
is
the
SEC's
exercise
treasurer
of any judgment
suits.—V. 161, p. 1883.
payment
to
under
tax
shares
Maracaibo Oil Exploration
./'specified
Corp.—Earnings—
:
Operating income
Operating
1945
March 31—
Z
——______
$59,071
1944
and general
'T'/V-c/a
;
$37,116
13,003
10,332
—$46,068
————
3,260
expenses
$26,784
taxes
Other
income
i—~
$49,328
14,687
14,767
—
—
for
Federal
income
13,500
taxes
4,500
$21,141
$0.06
$8,875
'
period
Earnings per share_
—V. 161, p. 1319.
Net
income
for
—
$0.03
trust
1939.
dated June 6,
v
1
and
purposes
to
provide
possible
for
1
liabilities.
to
be
sold
by
each
has
selling stockholder has agreed
agreed
to
purchase
aggregate
the
to sell, and each
number of shares
♦
herein:
Goldman,
Sachs
Lehman Brothers
&
Co.____________
------
—
-
directors
on
May
3
declared
an
.
40,000 shs.
40,000 shs*
)
;
initial
dividend of 42'/2
cents
the new common stock, par $5, payable June 2 to holders
15.
This is equivalent to 85 cents per share on the old
$10 par common stock outstanding prior to the two-for-one stock splitup last month.
The last distribution on the old common stock was 75
cents per share on March 1, 1945.
An initial quarterly dividend of 9334 cents per share was declared
on
the new 334%
cumulative preferred stock issued in April, payable
June 1 to holders of record May 15.
Consolidated net profits of the company and its wholly-owned sub-
per
$28,142
deplet., dry holes, losses forfeited, etc.
Total
Provision
of
amended.
The balance Ojf 20,000
equal amounts, by four separate
deceased, of which Morton, J, May
the Beaumont trust constitute 37% of the
present held by such trust.
The purpose
liquid assets in order to enable the trust
charitable
its
in
now
Initial Dividends—Earnings—
The
1,358
of
Deprec.,
sold by
Underwriters—Each
underwriter
3 Months Ended
sold,
indentures
to be
out
time
to
May,
,
a///..'
.-,
Rosa
60,COO
of the Rosa May trusts constitute
56 % of the 9.000 shares at present held by each such trust.
The
purpose of the sales is primarily
to pay bank loans incurred, and
to reimburse the trusts, for funds used in payment of Federal estate
taxes..■■/ ;'
i
•
:
entered against him or his wife in
/•
by
offered,
162,766 shares at
sale is to increase
carry
The
all shares issued to Mr.
the options must be deposited
i
the
of
order
of
of
additional
of Automatic and Allied as security for
Balance
Of¬
fered—Offering of $160,000 of 6% 10-year debentures,
maturing Nov. 1, 1954, was made May 9 by P. W. Brooks
& Co., Inc.
The debentures are priced at par and ac¬
crued interest and are part of an authorized issue of
The balance was sold several months ago to
$250,000.
officers, directors and sales agents of the company.
created
trustee
total
1657.
(Mich.) Industries, Inc.—Debentures
as
from time
offered
is
to
be
1933,
trusts
•
stock
common
The shares
were
pursuant
Tracey
the
shares
director.
a
granted to Mr. Tracey by Automatic Products
Corp. and International Investment Corp., registered investment com¬
panies, at a price of $2 per share as to 68,500 shares for which
the options expire May
1. 1945, and $2.50 per share as to 85,000
shares for which the
options expire May 1, 1946.
Drl85.448
27,
A.
exercise of options to purchase 153,500 shares of
stock of the corporation, of which he is president, general
and
1
subscribed.
Of
Section
options
The
80,000 shares of common stock
•of
proposed
manager
the
not
or
not
of sales
Net
Refining: Co.—Earnings-
Lincoln Park
as
determine whether
to
royalties in the amount of $350,000
the above-mentioned license agreement
_______
Excess
2002.
p.
'
^Earnings
is
Normal
this company for the week ended May 5, 1945
kwh., as compared with 28,412,000 kwh. for the
——:
the common
;
Quarters End. Mar. 31—-
V.
yet possible
fulfilled,
under
Interest paid..:
of
Copper
SEC
of
pending
Lion
treated
not
is
be
1943
TotaI income.
$398,588
2002.
p.
Tracey's
1883.
tNet income
received
royalties
agreement,
Royalties and consulting fees earned__-___
'
-V.
it
will
the corporation's
Sales
133,143
106,884
license
year.
Cost
week
earnings
161.
sions
383,568
$39,869,655 $40,245,781
Total
Since
during
Income
Majestic Radio & Television Corp.—SEC Exemption—
8,759.185
13,325,260
stock
Common
$375,722
per
month
The
future inventory price decontingencies————
loss arising from fluc¬
Canadian exchange rates
—
cumulative
$275,619
for the preceding year.
certain
a
repaid by the corporation unless a certain condi¬
final allowance~of claims and/or issuance of a patent
condition
in
.
355,141
799,491
other
of
tuation
6 V2 r'r
2,795
$112,200
Maine Central
unrealized
for
7,635
1096.
The
the
possible
and
dines
93,103
355,476
dividends
*
2,594
$39,869,655 $40,245,781
---.
payable,
for
Reserve
$528,936
E. Dodge, Treasurer, states: "The mine is operating with a crew
approximately 60% and profits for the quarter ute «nou,
payments received under the Government Premium Price Plan
on
copper and zinc produced,
The company has no assurance that
premiums at the rates applicable to the quarter will continue."—V.
524,735
miscellaneous—.
payable-—
Common dividend payable———:—:
——
Prov. for taxes other than Fed tax. on income
Prov. for Federal and Dominion of Canada in¬
come
and excess profits taxes and contract
Reserve
$368,086
H.
140,612
employees'
$273,024
of
837,935
from
of
table to
—:—
withheld
930,760
$140,479
481,935
••'After charges and Federal taxes.
•
$1,764,439
Amounts
744,761
capital shares*
share
of
copper producedzinc cement produced
8,815,619
566,074
(net).:-'.,
of its net profit
terms
possible, at this time, to determine the outcome thereof.
However, it is the opinion of the corporation's officers that no re¬
negotiation refund should be required for the year 1944, although both
the volume of sales and the rate of profit for such year were slightly
higher than for the year 194-3, and no provision therefor has been made
3,264,442
310,108
of
Pounds
178,927
settlements
note payable to RFC in the amount of
was paid in full by the corporation on
collateral securing same was released.
the corporation borrowed $1,200,000 from certain
Loan
must" be
fulfilled.
and it
$5,206,073
3,806,240
482,784
170,025:;-
$147,725
output
Earnings
977,383
v..:
$5,401,872
1,128,384
at
31, .1944,
Renegotiation proceedings
165,336
profit
Number
8,267,974
$2,403,019
Preferred
20%
the
regarding
such
1945—3 Mos.—1944
1,299,632
share,
per
Renegotiation proceedings for the year 1943 have been completed,
subject to the Government's execution of. the renegotiation agreement,
with a determination that no renegotiation refund was required for
Lines—Earnings
$1,881,542
$4.50
Renegotiation
All of
the outstanding 4%%
sinking fund debentures due June 1,
1952, have been called for redemption on June 1, next, at 103^; and
interest.
Payment will be made at the Fidelity-Philadelphia Trust Co.,
trustee, 135 So. Broad St., Philadelphia, Pa.—V. 161, p. 990.
$6,190,259
9,150.195
of
have been
profits
1883.
Magma
and wages_---.----^v------:~~
Accounts
excess
•
Quarter Ended March 31—
2,840,640
items
payable
salaries
Accrued
and
approximately
$1,080,000,
"V"
date
Earned surplus
Liabilities—
Accounts
income
$592,000,
and the
same
received
1945
7,246
30,002,000
161, p.
Total
Federal
31,
March
$0.80
9.020,240
excess
taxes, insurance and other
Prepaid
for
1945—Month—1944
funded debt
corresponding
706,859
12,868
on
profits taxes
—
Accounts receivable, advances and investment
—Link-Beit Ordnance Co
—
refund of
Post-war
the
$1,879,112
income
p.
Electric
4,829,087
—.—-i~~-
securities.
property, plant and equipment (net)
interest
is
dollar
the
the
during
the absorption of depreciation of fixed
prepaid expenses and deferred charges.
slightly less than $2.50 per share,
to
of
from
to
Dec.
Contribution
—
.
owned
Securities
Accrued
on
tion
the
acquisition.
quarter
ended
improve
to
under
thereunder
of
'
income
161,
7,196,078
————
at
1945,
the
excess
made
at existing rates.
This compares
$899,167 in 1943 and $923,966 in 1942.—V. 161,
1944,
income
9,373,846
(net)-
depletion which is based
time
continued
-¥>
Net
.
710,952
principally
amortization
increased
estimate
an
ill
revenue
on
$6,008,733
receivables
the
income*
Gross
3,748,644
$493,523
stock
other
or
273,664
Interest
;
100,000
2,541,400
Assets—
Total
at
assets
on
$262,571
Non-oper,
Comparative Consolidated
(Excluding
the
at
Lukens Steel Co.—To Redeem 43A%
—
common
VS0.75
costs
Position
position
a
new Regulation "V"
Loan agreement which provides a
credit of not to exceed $4,000,000 until June 30, 1946.
The
borrowings under this agreement are secured by assignment of all
amounts receivable under the corporation's war production contracts.
So long as the loan agreement is effective, the corporation has agreed,
among other things, not to declare or pay dividends, in any year, in
subsidiary companies included
average exchange rates, except as to the
Taxes
'
stock
—
,
share
per
On
948,597
$0.72
to
been
revolving
of the foreign
Operating expenses*.
Depreciation
222,038
$476,957
of shares of common
948.597
directly
have
Orders
Financial
financial
Regulation
31,
banks
13,528,532
202,675
50,000
Dominion in¬
profits taxes
income'——.—
Number
of
totaled
settlements—-.-—
contract
and
,
Federal
and
come
The results
Los Angeles Transit
,
and
worth
The
296,132
,
$0.48
charged
are
values
Regulation "V" Loan
$708,368
948.597
Louisville Gas & Electric Co.
213,609
remainder
Under
Operating
$17,677,777 $18,619,792 $18,215,591
-
Approp. to reserve for possible fu¬
ture inventory price declines and
other contingencies
—
for
which
contract
of
substantial contract terminations referred' to
high rate of production and deliveries under
the
Dec.
31,
1943,
"Dec. 31, 1944.
1943
1944
deprec. & amort, of prop.
Pro v. for
'
those
569// : ./.'V/-—/
p.
admin.
etc.)
Prov,
(Incl. Subs.)
$17,638,668 $18,585,772 $18,210,415
39,109
34,020
5,176
(incl.
sales
S48.597
157,959
$681,369
.
$5,000,000
Net working capital increased from $572,000 at Dec. 31,
$1,181,000 at Dec, 31, 1944, an increase of $609,000, the
$1,253,179
159,200
the Government
continued
'vat
at
figured
approximately
company's
to
Jan.
share.
than
of
the
year.
Net
1,126,946
$0.4.4
public
Operating
—
exps.,
with
201.707
1,402,520
200.184
1.415,966
1,421,754
income
Total
Cost
1,091,815
$458,226
sub-contract*
and
contracts
resulting in
*
the
in
period
per
are
taxes
$3,469,029
—
income
Other
491,055
Provision for
taxes for
includes an amount of $225,489
346,473
$3,486,060
1945
sales
Net
460,405
158,633
its
of
part for the convenience of
greater portion of which is attributable to net earnings after taxes and
•
ac¬
$420,2G6
plan
1944,
for
in the war's requirements.
The first substantial
this kind occurred in March, 1943. -Since that date to
1944,
and
1943,
(includ-
•
Period End. Mar. 31—
198,211
dividends
Earnings
107,607
.
sharing
1944
report
Terminations
number
a
in
or
$2,131,446
provision for depreciation and
187,000
$3,100,291
.
above
Cr983,796
and
dividends
Common
•
accounts.
9,747,122
——-
income
Preferred
«
84,709
$1,931,143
contings.)
of
of
♦Other
1,102,000
9,414,750
Appropriation to the reserve
for
possible future inventory price de¬
clines and other contingencies—Net
125,990
$1,108,481
taxes
outstanding
hands
15.000
of excess prof, taxes
Post-war refd.
128,326
(2)
1.124,000
—
profits taxes
excess
3,998,548
$1,039,304
______
for
has had
whole
-
720,986
555,907
499
1,794
value exc. prof, taxes
Federal
$7,354,126
496.184
Earnings
$13,760,797
128,525
9,190,850
tax and surtax
normal inc.
Federal
$7,251,363
651.150
income--.
annual
existing contracts, the company's backlog of unfilled orders amounts to
approximately $15,000,000 as of March 26, 1945.
past
profit
value
fluc¬
from
arising
31,
The
profit
profit
December,
1942
1943
$6,205,382
in
company's
Unfilled
Subs.)—Earnings—
1944
$6;547,160
for doubtful
Shares
$13,018,171 $13,358,823 $13,889,322
5,993
2,269
23,118
Other deductions——
tuation
(&
1945
464,177
income
counts
$64,747,671
$62,181,671
48,420,874
——,—
loss
Corp.
669,981
charges
2,566,000
161,390
income
Unrealized
Cement
the
in
the
expense._
Notes— (1)
Total
of
complaint
of
termination claims of $2,370,000, all of which
^had been filed prior to Dec. 31, 1941.
As of March 26, 1945, payments
totaling $2,130,000 have been received on account of these termination
'claims, leaving an uncollected balance of $240,000.
depre. & depl.
for
Misc.
_
$12,856,780 $13,265,010
_
the
shares
changes
terminated,
4,176,267
reserve
1942
$70,039,004 $67,742,420
57,182.224
54.477,410
—
from
Profit
dismiss
of
Termination
-
sales
of
cost
/because
Dec.
employee
an
directors
the
Contract
terminated in
4.075,557
Miscellaneous
5.300,000
4,450,000
—
Net: sales
Total
to
outstanding
part:
company
assets
of
renegot.
from
contracts
Court
and
will
value
approved
by
President,
Maxson,
in
The
4,502,024
/'Prov.
_
L.
said
merely
announced
petition,
issued
shares of
of
also
approved
was
W.
Notwithstanding
& depletion—
Operating
31
$74,489,004 $73,042,4-0
allowances
and
Distr.ct
0.,
adin.
&
prov.
Refund
the
a
proposal to increase the
shares, par 25 cents each, to
250,000
The
cents par
25
number
stockholders
which
,v
1883.
Star
Total
1943
1944
discounts
less
customers,
to
the
p.
—
Prov.
Ordnance Co.)
(Excluding Link-Belt
Sales
told
161,
deprec.
1-
y/
Quail &
The
•.
SEC
moot—that is, that there is now no further
ordered the judgment of the Circuit Court
It
3
Co.—
&
Witter
Rauscher. Pierce & Co.,
Inc.
the
Manufacturing & ship¬
ping costs, excluding
1
1
—
and
become
action.
3 Mos. End. Mar. 31—
Hamlin
Lunt—--
had
court
Lone
•
Sales
H.
&
tribunal,; in; dismissing
case
Icr
vacated
Murch & Co.- IV2.
Piper, Jaffray & Hopwoocl1
E. W. Clark & Co
—
1
Co.—
Allyn & Co.,
Dean
Sons——-
&
of
petition
a
company.
of
equal
an
above
3
3
————
.Hemphill,
Brown
Maynard
&
Jackson
—
Marks & Co.—,
high
the
cause
SEC—V.
3
Hornblower & Weeks.——
Paine,
M.
Whipple & Co.—Reinholdt & Gardner—
3
3
2
2
2
1"2
V/u
IV2
4
F. S. Moseley & Co
that
.
3%
Fpencer Trask &
Estabrook & Co
17%
8
April 30
the
of
York Federal District Court refused to issue an injunction
ground that it lacked jurisdiction.
The Second Federal Circuit
upheld this finding and the SEC appealed to the Supreme Court.
the
Court
Percentage
Percentage
\„
plan
The New
on
of the
stock¬
holders:
Kidder, Peabody & Co.
dismissed
Court
approved
8
from
each.
$3
be changed, share for share,
the par value of $3 per share.
There will be transferred $660,000 from surplus to the capital account.
into
SEC, in a suit in lower courts, sought to enjoin the company
completing the plan under New York State law. The SEC desired
a
stay in proceedings pending a determination by it whether rights
of stockholders should be subject, to reorganization standards of the
Public Utility Holding Company Act.-i
last bid price for
Exchange
Stock
York
New
the
on
expiration date of the warrants the same percentages of such
remaining 30,655 shares offered as are not subscribed for by
Supreme
recapitalization
May
stock
par
from
their
of 65,323 shares of common stock as to
rights have been received from holders
aggregate
an
S.
a
Increased—$660,000
Capital Account—Annual
Surplus to
on
capital
shares,
capital stock
Lighting Co.—Supreme
The
purchase from the company,(a)_ at a purchase
share the respective percentages indicated opposite
per
U.
from
stockholders
authorized
•
agreed, severally
price
named below have
The
Court Dismisses
SEC Petition for Stay Against Completion of Plan for
New Set-Up—
The
Corp.—Stock
Maxson
L.)
Report Issued—
•
Island
involving
underwriters
Underwriters—The
(W.
Transferred
for
1428.
161,' p.
Long
baskets.
and not jointly to
*
debentures,presently being offered and
will
used
500,000
principal war products include:
155 mm. field howitzers; gun
rammers and
recoil mechanisms; burster tubes, shell bodies adapters;
shot
bodies;
anchor
windlasses and capstans; special ammunition
hoists; hawser and kite reels; bombing traftiers; pilot models of gun
'
the
sale, of
previously
moneys
.
V.
anti-aircraft
mm.
sold
replace
for war uses. The
and field guns;
of products
90
the
be used to replenish working capital to
the payment in full of a promissory note
held
by the Reconstruction Finance Corporation, and to purchase
61,775 shares of common stock from former officers and directors.—
those
foreign
and sale
from
Proceeds
States, less than 5%
of total sales having
countries in the pre-war year 1937.
,
;
•
Subsequent to the outbreak of war in Europe,
and to a much
greater extent since the entry of the United States into 'the war,
company
and its subsidiaries (particularly Link-Belt Ordnance Co..
which was incorporated in 1942 for the purpose of operating a plant
leased from the U. S. Government)
have engaged in the manufacture
its
been
2111
THE COMMERCIAL & FINANCIAL CHRONICLE
4385
Number
161
share
on
record May
1945, were $5,562,000, after
contingencies of $1,500,000, as com¬
pared with $4,964,000 for the preceding fiscal year, after a similar
provision of $1,489,000.
These earnings are equivalent to $4.52 per
share on the old stock for this year, as compared with $4.03 per share
on
the common stock outstanding last year.
On the stock adjusted for
the split-up the earnings amount to $2.26 per share this year, as com¬
pared with $2.02 per share last year.
Net sales of the company and its wholly-owned subsidiaries, accord¬
ing to the report signed by Morton J, May, President, amounted to
$181,727,000 for the year, as compared with $167,919,000,
• •
Consolidated current assets at Jan, 31, 1945, amounted to $61,191,000, against consolidated current liabilities of $25,097,000.
Cash on
hand was $8,916,000 and Government securities, $21,054,000.—V. 161,
p.
2002,
'
;■
:
to
20
numbers
fiscal year ended Jan. 31,
for the
sidiaries
23,
Off 7.13%—
in
as
1945—4 Mos.—1944
$5,695,502 $21,255,250 $19,471,164
; $5,289,694
McGraw-Hill Publications, Inc. (& Subs.) —Earnings—
income
4Net
Earnings
1945
^';:V.v:V'P''y':V:A.
Quarter Ended Mar, 31—
■
"*After all charges, including provision for Federal
taxes.—V.
profits
161,
sales
Net
after
Federal
4,502,377
charges-,..
13,395,577
taxes
4,084,584
3,365,692
$1.73
1,307,363
$0.68
1,106,800
$0.57
Net
profit
___
Earnings per com. share
nine
for
credit of $393,251 for quarter and $1,005,tAfter deducting $1,665,668 net premium on
during the period and $250,000 reserve for con¬
XAfter deducting post-war credit of $324,545 for quarter
months.—V. 161, p. 769.
tingencies.
and
Sales
The company
with
in
227
the
in April, 1945, had 222 stores in operation as
same month last year.—V.
161, p. 1657.
$211,042
$0.41
Profit
.
share
common
per
—
—_
Alvin
A.
renegotiation.
the
in
President,
report
his
stockholders,
to
states:
L.
Sewell
14,960 shares of 5%
royalties in event of production, are believed to be favor¬
able to the company.
We have no knowledge as to whether oil is to
be found in the approximately 8,000 acres Involved."—V. 161, p. 1657.
Kulas,
President,
April
on
that
anounced
26
orders
1429.
Bank
of
the
City
for
New
Net
from
1945
1944
1943
1942
$291,077
$313,952
$636,185
122,895
65,259
25,195
578,000
profit—
4,890
33,324
425,409
Net
'
$131,571
$70,149
$58,519
$257,719
taxes-
51,361
27,995
18,578
79,892
___
$80,210
$42,154
$39,941
$177,827
$0.42
$0.22
$0.21
$0.95
income
for
Prov.
r
income
Net
inc.
Fed.
profits
excess
-
&
Earnings per share—— '
"After depreciation and recapture
but before Federal taxes.—V.
160,
due War Shipping Administration,
;—______
1944.—V.
Ontario
Wholly-Owned
(Including
Paper Co.—Earnings—
United
States
Quarter Ended Mar. 31—
Net
sales
"Cost
...
Sell.,
admin,
Net
161,
465.
p.
.
profit on
Total
$604,893
_____
mortgage
and
excess
bonds
Consolidated
"Depreciation
and
to
94,936
163,600
$229,598
524
8,226
___
taxes
mortgage bonds purchased
net
and
income—
$294,439
depletion
(including
expenses
charged
additions
were
as
$488,134
77,979
233,000
$293,915
profits
,
duction
18,214
to
$237,824
to pro¬
inventory)
follows:
'
1945
Depreciation
Depletion
—V.
161,
1944
-
$347,601
—
$336,103
45,635
__
.
60,811
1657.
p.
revenues—
Operating
expenses—
Operating
taxes..
$428,387
$1,326,392
holders
of
the
management
of
St.
adjustment
to
authorize
Louis
has
dismissed
mortgage
payments
bonds
of
these
the
suit
brought
by
bonds, with payment of two back
coupons on May 1.
V. 161,
Missouri Pacific
jlXeSCGo
Although
cluded
last
on
the
H
ail
final
phase
of
objections to
the
plan
of
reorganiza-
^ ^aS keen Postponed to July 2 by Federal
M
general
March,
RR.—Hearing Postponed—
object'ons
certain
to
objections,
the
plan were heard and con¬
known as Comstock objections
the
161,
274,655
922,273
oper.
and
that
on
As
sells
was
of
outfits
and
1
to
The
stock
not
$153,513
$2,149,073
$1,271,380
197,437
2,094,095
1,288,046
"$43,923
$54,978
"$16,667
8,070
30.811
19,692
"$35,854
$85,789
$3,025
from
-1,023
8
2,477
24,459
Cr4,500
30,617
11,000
$36,688
"$32,377
$55,164
"$10,452
income
State
&
income
Increased—Merger—
May
on
4
in
of
and
entered
record
shares
of
purchase
sisting
of
of
into
a
195.998
the
(Theodore
contract
shares
90,000
with
and
now
of
5,731,887
a
4,748.223
3,830.707
$2,710,108
$0,36
$2,632,186
$0.35
6,289,448
__
6,289,448
6,289.448
shares
common
533.221,
12 months
equal
share in
compared with $10,675,284, or
March 31, 1944.—V, 161. p. 1245.
National
$1.40
12
months to
a
and
Leslie
Est.
and
after
profit
profits
excess
-Earnings—
1944
1945
in¬
deductions of
payable
$217,522
$270,070
taxes
81,564
41,679
$351,634
$259,201
$1.65
i,
existing
by
annual
an
$1.17
is the
outstanding
the
relative
the
carried
been
the
Jprsev
amendment
jb.
uay
Certificates to be Issued Later
adopted
at
the
annual
meeting
held
on
the common stock three for one, fixing the par
stock at $8.33 V3 per share, and maintaining
common
new
voting
of the several classes of stocks, has now
filing with the Secretary of State of New
certificate of amendment, it was announced on
power
effect by
into
necessary
''"'..v'
April 23.
;
'
;
" ■
f
'' '"'v'v
.
Clizbe, President, stated:
planned eventually to ask all holders of common stock repre¬
sented
by certificates ih tne present ;form to exchange their cer¬
tificates for newly
engraved certificates showing the effect of the
amendment.
Because of existing conditions, the preparation of the
new
definitive
certificates
for such stock will
take some months.
Holders of common stock should wait until they are notified that the
new definitive certificates are ready before
sending in their certificates
.
is
exchange.
valid and
rmain
be
Without
such
those for no
exchange,
par
all
the
present
certificates
value common stock will henceforth
representing three times as many shares of the
value common stock as are specified in the old certificates.
regarded.as
par
"If
necessary
other
owner
in the name of
effect is given to possible benefit from the
wuich may or may not be applicable on
'•••- •:
splitting up
16,
value of
for
of two additional
no
limitation,
basis.-
charter
The
April
Bank and Trust
who
profits taxes are calculated at 'rates provided
excess
but
tax
nost-war
New Definitive Stock
Jr.,
owner
and
law
80%
overall
of Chicago.
purchase the issue
Muter,
common
The income
"202,000 shs.
F.
refund——
stock after pfd. stock divs.
incl.
profit
share
Per
-Outstanding
Price
net
"It
Authorized
thp bp"«ficiai
issued
(& Subs.)
refund
Post-war
presently offered.
H.
Candy Co., Inc.
combined
Est.
81.42
share,
to
the
31, company reports a net profit of $10,-
to Mar.
Quarter Ended March 31—
,
325,000 shs.
to
1943
$6,462,893
$2,764,477
$0.37
(net)
For the
1944
$7,458,331
1945
$8,496,364
profits
excess
profit
affected by the
under which (he underwriters have agreed to
shares of the capital stock at $4.30 per share, con¬
shares
&
Earn'ngs per share
No.
company,
108,000
income
taxes
Net
'
has been >
Forrest Laidley,
Thomas
E.
King, Harry A. Tremaine and Edward T. Prosser, co¬
partners doing business under the name and style of Hicks & Price)
of
1884,
p.
after charges
Federal
and distribution of Christ¬
net sales therefrom in
National Bank
commitment
underwriters
The
161,
Quarter Ended March 31—
Profit
Capitalization
shares being
capital stock
National Biscuit Co.—Earnings-
years
________
in
increase
an
given
was
the
1941,
agent is Continental Illinois National
firm
approved
shares to
500,000
come
War, the business was
the
during
18,000
•
1,000,000 shares,
G. T. Baker, President, said
also to a proposal that this corporation acquire
Caribbean Atlantic Airlines,
Inc., operating in Puerto Rico and the
Virgin Islands.
This acquisition would be subject to approval by the
stores
the manufacture
commenced
Chicago; registrar, First
Underwriters—No
have
Pearl
since
$61,147
stockholders
approval
•
(par 50 cents)
include
transfer
of
indi¬
largest
$59,873
income
from
antenna
-
Co.
the
built
1,274
Fed.
on
Stock
1939 to 1941, inclusive, such
export sales having shown their most substantial volume during the
year
1938.
The same effect was apparent on the general business
of the company, as indicated by the fact that the net sales fell from
$325,170 in 1938 to $180,852 in 1939, but recovered to $587,991 in
1940, and in 1941 were $1,242,133.
It was also reflected in the net
earnings which fell- from $52,485 in 1938 to $17,021 in 1939, recovered
to $41,819 in 1940, and in 1941 the net profits, after taxes, but before
considering a loss on sale of securities, were $57,612.
Early in 1942, the company entirely discontinued its civilian pro¬
duction and converted its operations to wartime requirements for the
Army and Navy of the United States, and its plant and equipment
have since been in 100% wartime production for the Army and Navy,
through its regular customers.
"
"Does
the
of the Hamil¬
1945—9 Mos.—1944
1945—Month—1944
income
for
The
many
chain
for
the European
sales
export
Common
is
propeller
of
transformers, choke coils,
frequency
covering
outfits
result
a
corporation
first
"Loss.-
1930.
12,
and
condensers
tree
operation
of
1945,
February,
the
was
570.
p.
income
Net
that year amounting to $223,816, and was discontinued due to wartime
restrictions in 1942, the net sales in that year amounting to $92,892.
loss
in
and
agreement, having produced more
type
289,125
Prov.
trimmer con¬
loops.
It also manufac¬
and mail-order houses,
distributes General Electric Mazda decorative Christmas tree
radio
ceramic
tree
an
this
of
$348,998
Deductions
Corporate title changed
Co."
of 'Compo Mfg.
Dec.
manufactures
lights to these customers.
mas
the
under such
total
revenue
Gross
1945—Month—1944
name
Co."
Muter
as
1944,
propeller.
expenses___
Other
797,824
Muter Co.—Stock Offered—Hicks & Price,
Christmas
well
keep employees
to
Airlines, Inc.—Earnings—
operating
Y—
1029, under the
made.
Hearing
licensees
of
in
Net operating revenue
radio-set manufacturers
in the United States and Canada one or more of the following prod¬
ucts: "Candohm" wire-wound resistors, variable resistors, push-button
switches, slide switches,
spring assemblies,
intermediate frequency
as
at the Nash1,000 workers
production
for about
April 24
on
Nash-Kelvinator
Civil Aeronautics Board.—V.
tures
layoff
late
150,000th
that
contractor
war
34%
Total
Chicago and New York, on May 9 made a public offering
of 108,000 shares of common stock (par 50 cents) at $5
per share.
Of the shares offered 90,000 represents a part
of present holdings of an officer and the remainder is
new financing on behalf of the company.
History and Business—Company was incorporated in Illinois Sept.
seeking to require the
obligations.
The dis-
f*v,°n the ground that the road has resumed interest
»>
its
pointed out
National
1945—4 Mos.—1944
Sales
$7,104,588
$7,277,639 $28,203,069 $24,287,383
The company in April, 1945, had 208 stores in operation, as com¬
pared with 207 in the corresponding month last year.—V. 161, p. 1658.
densers,
propeller
$1,224,621
323,273
161, p. 1775.
"The
Cutback of Propeller
ships.
reached
was
Period End. Mar. 31—
$466,154
income—
oper.
income
28,
of
Mich.,
taken
allied
and
Navy
Harbor.—V.
$3,578,894 $11,479,100 $10,523,043
2,460,402
7,536,493
7,186,700
690,105
2,616,215
2,111,722
,
Court
vidual
than
$3,583,503 $11,498,964 $10,539,987
4,609 !
19,864
16,944
Funded Debt
Circuit
35,350
20%
—
cutback
action
completed
Standard
ton
Co.—Earnings
$3,932,054
2,580,794
885,106
revenues
Uncollectible oper* rev..
Missouri-Kansas-Texas RR.—Adjustment Bond Suit—
The
Corp.
Lansing,
in
swift
production
Wood
.
$3,938,949
6,895
Operating
The
$469,920
6,965
__
income
income
on
477,066
$597,929
Balance
Gain
484,459
i.
operations—
income
on
expense.
4,783,329
(net)_,
income
for
Prov.
general
35,350
1945—3 Mos.—1944
1945—Month—1944
Period End. Mar, 31—
—v.
20%
a
in
Total
transformers,
1944
$5,730,316
5,035,574
______
and
Other income
Interest
1945
$6,117,961
_____
________
sales.
of
Subsidiaries)
Canadian
and
45,450
_
after
Mountain States Telephone & Telegraph
Company
Minnesota and
$779,619
$2.00
compared
to
2075.
p.
__
plants
Army,
Peak
233,000
$528,541
$1.35
•___
_
share
per
(The)
.
$64,359
job
company
2,487,000
35,000
adjustments.—v—____
_
other
1944
$3,499,619
3 months ended Mar. 31 a net income
taxes and charges, equal to 45 cents a share, as
with $210,870, or 54 cents a share for the first quarter of
&
___
12.624
$95,691
by substituting increased schedules and other contracts,
to
Campbell Wood,
General Manager of
the company's
division.
The step avoiding layoffs was taken, Mr. Wood said, after receiving
official notice cancelling propeller production for the curtailed Willow
Run B-24 Liberator Bomber program for which Nash-Kelvinator had
been supplying the majority of propellers.
Mr. Wood's statement said
that production schedules under the cancelled contract had required
a
"wall-to-wall" inventory which created a reserve bank of completed
propellers at Willow Run, and consequently Nash-Kelvinator's B-24
propeller contract had been cancelled rather than tapered off.
Nash-Kelvinator has been
responsible for one-fourth of the entire
U.
S.
war
time
output of propellers.
The schedules increased on
April 24, said Mr. Wood, include propellers for other important air¬
craft
such
as
Corsair, Hellcat,
Lancaster, Mosquito and numerous
—167,690
8,676
opers.-
gain, etc. profit
transactions
loss
22,154
$112,343
propeller
—
$294,104
revenues
inc.
profits tax
according
(G. C.) Murphy Co.—April Sales Off 2.38%—
Merchants & Miners Transportation Co.—Earnings—
Quarter Ended Mar. 31—
126,243
29,599
with
averted
the
on
directing
1945
$1,141,541
Period End. Apr. 30—
"Net
President
two resolutions
Corp.—Earnings—
post-war
$176,769,
pointed transfer agent for the common and 5%
preferred stocks.
See offering in V. 161, p. 2002.
Total
26.898
221.546
1546.
P.
Corporation reported for the
of
Net
York has been ap¬
cumulative convertible
of
3.527
166
26,874
295,999
__
.
paid
161,
was
defeated
of the
decisively
27
Patton,
as
charges
after
Net
National
174
$208,404
tax
"excess
income
taxes
Miller-Wohl Co., Inc.—Transfer Agent—
Chase
April
meeting
name James
G.
director as well
Ended March 31—
Operating
unfilled
the company's books amounted to $30,064,571.—V. 161, p.
The
745
$322,123
28,867
profits
Nash-Kelvinator
defiance of the War Labor Board.
Chairman of the board, was re-elected a director
Avery,
income
Earnings
Midland Steel Products Co.—Unfilled Orders—
J.
a
Federal, taxes'
ments, and
E.
3,425
Output—Other Schedules Increased—
its
cease
Motor Products
Net
preferred stock was completed.
As
stated in the annual report, $750,000 of the proceeds has been added
to the fund for expansion of timber holdings and plant, bringing the
amount of this fund to $2,000,000.
"On April 20 a contract was entered into with the American Liberty
Oil Co.. Dallas, Texas, from which, subject to title examination, it is
expected an oil lease will result on most of the company's acreage in
Richland Parish, La.
The terms of the lease, both as to bonus pay¬
on
—V.
1658.
p.
tion
.
$208,229
(Cr)
Kelvinator
annual
to
Union
has been unsually bad, impeding produc¬
"The weather in the South
and increasing costs.
$321,377
tax_
refund
Dividends
shares. The other 14 management nominees
the exception of George A. Eastwood who
Mr. Patton, by virtue of the cumulative bidding
the company, received 1,848,000 votes.
The two
resolutions, identical in nature and offered in behalf of Miss Zara
Du
Pond and Frank W. McCulloch, drew slightly less than
160,000
votes each compared to nearly 3,500,000 for the management.—V. 161,
Provision
"The sale of
to
company
Net
Mengel's
Voit,
3,652
$406,184
operations.—.
$407,610
excess
Net
1945—3 Mos.—1944
1945—Month—1944
the
at
effort
opposition
9 Mos.
"Subject to
8,080
deductions
income
bonds"
$50,904,639 $48,246,507 $161,038,918 $139,145,680
_——-
National Farmers
$228,785
$0.45
$6,736,227
"783,042
profit
86,086
8,146
income
income
Post-war
a vote of 3,703,875
received
3,702,065 with
572,000
Net
38,230
108,686
-
Federal
by
1944
$6,605,082
"763,785
535,000
1945
,
—
taxes
before
Total
Total
got five votes less.
system followed by
sales
903,588
62,829
132,427
income
Faced
compared
Mengel Co.—Earnings—
Profit
1,513,733
__—90,013
___
from
Federal
Management Upheld—
an
1945—3 Mos.—1944
$9,189,268
$8,266,253
Quarter Ended March 31—
Net
1,825,671
_____
,
profit
Other
Montgomery Ward & Co., Inc.—April Sales—
Period End. Apr. 30—
Stockholders
McLellan Stores Co.—April Sales—
1945—Month—1944
$2,884,895
$3,131,605
735,000
200.000
160, p. 1739.
Thomas,
Sales
$870,015 for nine
Period End. April 30—
$1,439,787
1,015,000
$2.20
months,
retired
1942
$3,029,756
expenses—^——
for doubtful accounts
Provision
Dayton,
"After deducting post-war
947
debentures
3943
$3,197,444
:
sales
of
expenses
General & admin.
on
April 26 announced the election of Dr. Charles
director of Monsanto's Central Research Laboratories
Ohio, as a Vice-President of the company and at the
same
time announced that, effective Sept. 1, 1945, he will become a
member
of
the
company's
executive
committee.
Since
1942, Dr.
Thomas has been a member of Monsanto's board of directors.
Dr. Thomas will move to St. Louis and assume his new duties as
Vice-President immediately,
being succeeded at Dayton as Central
Research
Director
by Dr. Carroll A.
Hochwalt, formerly associate
director of the Central Research organization.—V. 161, p. 1774.
at
70,631,432 228,128,064 204,965,480
5,397,370
12,635,500 114,787,103*"
"4,090,007
19,269,808 "10,702,519
76,492,053
Net
*
1945—3 Mos.—1944
Period End. Mar. 31—
Cost
Selling
working
Years Ended Dec. 31
Statement,
:
Renegotiation assess, by U. S. Gov.
directors
The
Allen
1945—9 Mos.—1944
proceeds to augment. its
corporate purposes.
such
use
1944 ;-;,v
Promoted*—
Monsanto Chemical Co.—Official
,
to
other general
for
Income
Net
income and excess
(& Subs.)- -Earnings—
McKesson & Robbins, Inc.
provision made for renegotiation.—V.
No
ucts.
<
proposes
and
sales
Net
$4,209,407
'
238,632
stock—$1.13
charges and Federal taxes on income .and after adjustment
and profits based on anticipated repricing of aircraft prod¬
sales
of
2002.
p.
Company
Shipments (after estimated repricing)—
"Net profit
Earnings per share on 210,000 shares of capital
"After
$435,394
$0.74
$0.70
;
$187,500.
receive
capital
31. 15/45
Earnings for Quarter Ended March
■
Purpose—Company will receive from the sale of the 18.000 common
approximately $72,636, being the net proceeds from the sale to
the underwriters at $4.30 per share.
Company will also receive $1,250
from the sale to the underwriters of 25,000 stock purchase warrants
at five cents per warrant.
In the event of the exercise by the under¬
writers of the right unqer warrants to purchas, in one block, 25,000
common shares
for such purpose, at any time within two years from
the offering date herein,
at $7.50 per share, the company will also
$11,950 of
next,
1,
share.
per
Monarch Machine Tool Co.—Earnings—
1944
-
$406,534
_
—
share:
per
:
'
July
on
purchase 25,000 shares of the capital stock, in one block,
time within two years from the offering date (May 9, 1945) at
to
any
shares
mortgage
number
corporation'operated 202 stores in April, 1945, the same
the corresponding month of last year.—V. 161, p. 1657.
bids to be received
Service Corp. common stock.
redemption
for
at
sinking fund gold bonds due Jan. 1, 1953, at par and
interest.
Payment will be made out of sinking fund moneys at the
Bank
of
Nova
Scotia in Toronto, Montreal;
Winnipeg, Vancouver;
Halifax or St. John (N. B.), Canada, or in St. John's, Newfoundland.—
V. 159, p. 111.
-V :..;;;
,;;V
1945—Month—1944
Period End. April 30—
Sales
The
.
called
been
have
right
$7.50
Bond Issue—
Moirs, Ltd.—Calls Portion of
There
first
shares
warrant,
inviting
is
Co.
Gas
for 100,000 shares of Mobile Gas
V." 161, p. 1884.
15
.
McCrory Stores Corp.—April Sales
&
Electric
Consolidated
18,000 of the authorized but unissued
and
Muter,
capital stock; also 25,000 stock purchase warrants at five cents per
to be issued in one certificate to the underwriters for the
of
Bids for Stock—
Mobile Gas Service Co.—Invites
May
said Leslie F.
minority
participation
161, p. 2003.
by a
opposition
involving
raised
were
security holders sponsored by Andrew W. .Comstock to
of Alleghany Corp. in proposed plan of reorganization.—V.
of
provision for inventories and war
a
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2112
transfers,
to
effect
deliveries
of
temporary certificates
new
common stock undent, sal^s or
(in the form of old certificates
'
over-printed
tioned)
—V.
are
161,
p.
show changes made by the amendment above men¬
available at the office of the company's transfer agent."
to
1775.
Volume 161
National
Number 43S5
Linen
Service
%■%//■.; V?
Corp.—Earnings—
.J./,.-.
1/.■
THE COMMERCIAL & FINANCIAL
Newmont Mining Corp.—Net Worth—
Quar. Ended 6 Mos. End.
Income
Net
and excess
profit
Earnings
i
■
per
''After
shares
net
a
Service
dividend
United
taxes
after
Linen
taxes
of
based
464,013
on
Texas,
subsidiary
a
quarter ended Feb. 28, a net profit of
and for the six months to Feb. 28,
Co.,
11
subsidiary
a
months
$49,200.—V.
Linen
of
Feb.
to
28,
Service Corp. of
profit of $30,668,
net
a
of
Sell.,
Co.—Earnings—
sales
Net
profit
Other
income
Total
Net
for
695
160,
$21,293
Z?rl, 165
$43,312
income
tax
18.500
8,500
.
$24,812
charged—!
succeed
1944,
larger
volume
Robert
meat
V.
for
of
38
the
824
were
indicating
stores,
on
the
In
President,
accounted
for
against
862
continued
stores
trend
from
on
Profit
in
Int.
toward
than
more
stated that the current
sales decrease. Although
the
showed
company
10.09
increase over last year,
an
these
absorbed
1944:
the
Jt.
.
Co.
Interest
includes the
and
par,
no
on
May
of
issuance
change
a
of
York
New
\
has
^
Vice
of
President,
New
has
York,
&
critical
&
before
opers.
new
been
been
elected
resigned.—V.
director
a
161,
—V.
grocery
plan
'statement
proxy
already
new
1944
$124,489
■'
the
for
meeting.
The
borrowed
company
■■
...
to
according
.v
an
insurance company
and two banks on April 16
following day redeemed all the 143,107 outstanding shares
preferred stock, the statement said.
$118,390
$124,489
,
.
the
stitutions
The
-
cumulative
new
and
to
proceeds
preferred
insurance
the
from
will
sold
be
privately
to
The
of
stock will
preferred
new
be
in¬
15,247
12,950
13,843
2
3,564
7,128
common
$144,567
$0.78
ties
$0.58
group-of
Corp.—Preferred Stock Of-
from'the
The
articles
by-laws
—V.
161,
of
asked
of
at
the
incorporation
the
fix
company
time
same
awarded
was
will
company
at
$115
to
%
•
apply
161, p.
Listing
of
stock
>
Co.
•
has
therein
remains
become
the
on
outstanding
reduced
so
unacquired
make
to
as
Exchange.—V.
and
a
bid
of
102.30 for
3.90%
a
the
net
proceeds,
divi-
'
supplemented
by
161, p.
V
Continental
by
inadvisable
1659.
further
sales
—V.
—
161,
1945—Month—1944
$2,727,292
-
Alcohol
Bank
"
1945—4 Mos.—1944
week
12,725,596
and
distillery-
this
i—
stock—
1
its
of
7
11
•
12
5
6
15
14
v8
Tobacco
"Initial
"
12
13
4
.6"
.'f
14
,
•.
v
5,
1945
for
tho
2004.
p.
1945
1944
$560,022
,
373,240
$178,092
$186,782
$0.22
$0.23
_
$4
with
to
in
the
par
of
the
will
SEC
cents
part
out
recent
Gas
50
share
per
the
reduce
the
par
per.share and to make
from
the
capital
surplus
value.
that
sale
'
to
of
it
holds
now
$10,013,290
2,165,296 shares
of
common
Light
Co., and .expects to receive
shortly
liquidating dividend from Laclede Power and
then
a
have
approximately
distribution
of
161,
$3
p.
$11,013,290
share
per
on
1885.
hand
on
3,403,665
for
shares,
>
Co.—Earnings—
1945—Month—1944
1945—3 Mos —1944
$6,503,193
$5,862,286 $19,236,719 $17,552 690
revenues
oper.
rev.—__
8,033
7,579
$6,495,160
25,197
*
22,037
3,674,424
1,929,543
income——
oper.
$5,854,707 $19,211,522 $17,530,653
3,476,665
10,684,328
10 275,424
1,535,279
5,840,011
4,786,940
12
161,
$891,193
$842,763
$2,687,183
$2,468,283
903,192
781,712
2,579,644
2,340,023
_i
•
Telegraph-Cable Co.—Dissolves—
14
:
'
8
The company has called
amount of its
outstanding
10
share
*"
*
on
April 12,1945.
(The) Okonite Co.—Calls 6% Preferred Stock—
*10
,
1661.
p.
Columbus, Ohio,
7
"17
"5
dividend.
May
321,998
8
•
12
5
23
Fund—
ended
The directors have
given notice that on Oct. 13,
1943, this company,
virtue of a written consent to
dissolution, signed by all of the.
stockholders of the
corporation, agreed to dissolve and
completely
wind up its affairs.
A certificate
to that effect was
duly filed 1n
the office of the
Secretary of State at
7
5
13
Inv.
from
cash
H
by
8
8
7.8
Diversified Specul. Shs.
$3
$10,210,989.—V.
Ohio Postal
7
3
.-7
.*
*
Diversified
6
-
10
%
19
;—
week
$500,090
stock from
of
income
—V.
10
9
10
r
the
.
proposal
decrease
way
It
this
Dean
9
9
18
'
Net
6
10
15
1
the
a
taxes—
Net
5
11
''■vv:
7
-
3
'___
:
has-filed
Laclede
by
Co.
Total
10
10
___r_
Railroad
of
communi¬
by
:"pv"
Operating revenues..
Operating expenses
3
1_
Railroad equipment
Steel
v
the
proposed
Uncoil,
6
4
utility
Public
Association—Output—
7
5
19
i,
1
*
Ohio Bell Telephone
'12
10
Oil
May 4, the Association reports electric output
This is an increase of 376,510 kwh,, or 3.05%
27
7
Merchandising
ended
16
8
stock
the
(& Sub.)- -Earnings—
*...
;::<X
received
Operating
6
10
-
payments
12
6
6
—
Metals
•
11
6
11
Machinery
...
13
5
—_
$0.71
(Del.)—Weekly Outputfor
declaration Ogden pointed
it
8c
6
_„
384,7.03
.
17c
20
supply
.tax
■
Period End. Mar. 31—
7
-
Spring-
share_________^_______
from
$1,000,000
2-26-45J11-25-44 8-25-44
7c
the
company
com-
10
...
Insurance
kwh.
of
common
aggregating
as
lor
sent
distribution of
stock
the
shown
1943
$907,703
$0.72
Federal taxes____;
its
which
issue $1,695,000
2004.
payments
20c
Food
.above production of 12,349,086 kwh. for the corresponding week a year
ago.
.v.-v•
•
previous
:
Electrical equipment
Bank, Boston, and to pay for prciposed improvements.—V, 161, p. 1430,
the
three
$0.76
earnings
of
In
Ry.—Equipment Issue
5-25.-45
Eusiness equipment
Chemical
T
$3,093,320 $11,262,194 $10,240,845
New England Gas & Electric
output
for
cash
a
-''."v £ vlr';-
Aviation.
Company has filed with the SEC a proposal to issue up to $1,000,000
of notes payable to banks with*1 the intention of using the funds thus
derived to pay off its present indebtedness of $750,000 to First National
For
$730,71S
been
Corporation
the
Automobile i
Oil
New Bedford-Gas & Edison Light Co.—Notes—-
of
below—with
'
'
391,947.
to the
County Treasurers of
by the company, it was announced
on May
President—V. 161, p.(1775.
160, p. 2651.
value
following dividends on- the special
corporation, payable May 25 to holders of record May 5
this
^Agricultural
1546.
p.
declared
Industrial Series—
dealings
,
of
parison):
Inc.—April Sales Off 11.83
Period End. Apr. 30—
Net
totaling
have
resulting
p.
1944
$952,947
408,366
Ogden Corp.—To Reduce Par of Stock—
;
other
as
and
'
1945
$971,366
share—1
common
Earnings per
—'V.
dividend,
about, next June 14; of all its
presently
follows:
144,639 shares of 7%
pre¬
96,088 shares of $6 preferred at $105
or
Corp.—Earnings
Norwich Pharmacal Co.
Reserve
1885.
have
(see first column
.
Building
Neisner Brothers,
$5,366,450
Quarter Ended March 31—
Stocks, Inc.—Distributions—
directors
stock
the
the
which
$5,567,958
46,238,000 kwh. as compared with
41,866,000 kwh.
corresponding week last year, an increase of
10.4%.—V. 161,
Light
The
New York Curb Exchange has
filing with: the Securities and Exchange Commission
of. an application to strike the common stock, no par value, of this
company from listing and registration on the Exchange for the reason
that, in the opinion of the committee, the number of shares of said
on
$2,018,557
served
Net
on
161,
New York
Committee
$1,992,117
t.axes_:
Operating profit
The company has applied to the
ICC for authority to
10-year equipment trust certificates.—V.
Navarro Oil Co.—Stock to be Stricken from List—
The
authorized
155,132
1,860,000
Northern States Power Co.
-
New York, Ontario & Western
elimination
approve
1884.
p.
159,092
800,000
stocks,
May
May 8
share,
per
share.—V.
per
a
the
48,858
640,000
combined
on
Electric
headed by Harriman
May 10 publicly offered 240,000 \
competing bid, naming a price of 10234 for a 4%
received from Morgan
Stanley & Co. and associates.
ferred
provision for six directors.
number of directors at nine.
of
after
B
Mitchell,
underwriters
on
528,408
$7,381,582
.
Northern Indiana Public Service
Co.—Pays Taxes-
$108,249
$0.74
share
771.
p.
funds, for the redemption on
outstanding preferred stocks
added
the
working capital of
the company,
according to
the proxy
statement, which also explains that the change in the par value of the
stock is sought to facilitate transfers, which are taxed as if
the stock were $100 par when no par value is
attached.,
be
$6,527,050
528,408
225,000
income.
per
company,
14,257
A.
The
to
will
$7,909,991
$2,707,416
$2,266,732
1660.
nrofit
class
$81,317
common
Stockholders
679,143
$7,055,459
300,000 shares of class A and
212,374 shares
after preferred dividend
requirements,
tsubject
to renegotiation.
It is not believed that
renegotiation settlements will
have a material effect on
the figures reported.—V.
161, p. 1885.
-
1943
'
$137,202
per
issue
dend.
companies.
sale
563,050
<"■
funds,
res.
p.
"Based
of
1.168
profit
161,
was
certain
40,449
$6,376,316
$2,883,552
176,136
_______
_________
of
Checks
1, 1945 to yield 3.75%.
the
SVzVo
.
The
2,219.990
49,502
49,615
161,
tNet
$80,149
income deb. notes.
Ripley & Co., Inc.
and
of
$4,058,584
2,312,934
„
$6,238,125
1,671,866
233,744,
_________
North American Rayon
shares of cumulative
preferred stock, 3.90% series ($100
par) at $104 per share and accrued dividends from
$3,500,000
from
$4,112,884
'.
$2,320,502
12 Weeks Ended March 24—
after expenses
:
properties
investments
on
fered—A
a
refinancing plan which
4(4% preferred stock. $50
stock to $10 par from
accomplished,
has been
$2,209,124
appropriations-
"Earnings
1945
operations-
5%
on
Earnings
—V.
common
.
the
719,939
13,478
16,825
Net
to
$118,390
1
and
Balance
2003.
p.
expendi-
properties—^
on
divs.
Net
.
the decrease
■
of
$1,614,041
848,354
totaled
par.
Part
$1,377,594
(Dr)
apprn's
Honduras Rosario Mining
Co.—Earns.—
New York Power &
Light
shares
present
$5,952,076 $17,186,625 $16,110,227
4,338,034
13,073,741
12,051,644
$2,442,868
funded debt «*
176,136
on
Miscell.
4
1
gains,
approved
of
8
40,000
the
(net)
income
Sinkg.
*,
-
of
Net
Chicago & St. Louis RR.—New Director—
Astor,
from
Interest
Financing Plan Approved—
stockholders
rents
Gross income
^
The
fac.
Net rwy. oper. income
.
also
company
July 15.
;
Rasmussen,
sales
meat
last.
15,
50 cents
Trust
J.
Expenditures
$7,607,.740 $28,975,859 $29,874,368
21, 1945
April
on
units.
shortage
sales
in
operation
decrease
a
Jan.
on
and
Wenneman,
John
tures
1945—-16 Wks.—1944
1945—4 Wks.—1944
$7,070,902
4,-089,744
'of
made
Quarters Ended March 31—
sales
$5,467,338
Other income
35
New York
8,854
.
2649.
Period End. Apr. 21—
un¬
$11,628
9,057
.—
H.
Profit
Stores in
Jan.
on
Guaranty
W.
National Tea Co.—Sales at Lower Rate—
Consol.
other
directors)
appointed trustee
registrar and paying agent of
$7,500,000 1% % equipment trust cer¬
tificates'due anually in thepar value of
$750,000 each May 1
be¬
ginning 1946, and ending 1955. • See V.
161, p. 1884.
$20,128
—
...
depreciation
p.
and
revs.—
Railway oper. income
Equip rents (net) (Cr)_
$48.16
was
New York,
—
income
"Includes
The
27,865
.
income
Provision
—V.
24,491
$42,617
(net)
corporations
fixed by
as
Paying Agent, Etc.—
286.842
expense
operations
on
non-listed
value
1.53
2076.
p.
share
per
$335,999
,
292,974
general
of
market—IIIIIIl
at
oper.
29.38
1944
$360,082
.
and
160,
.paid $1
1945
.
__
admin,
notes
listed,
ry.
revenues
Railway tax accruals—
listed,
New York Central
RR.—50-Cent Dividend—
A .diyidend of_ 50- cents
per share has "been declared on
the,'capital
stock, payable July 16 to holders of record
May 26.
A- distribution
312.
p.
3 Mos. Ended March 31—
"Cost
corporations,
oper.
Net
,
161,
National Pole & Treating
—
corporations,
Railway
19-45—Month—1944
1945—3 Mos—1944
$13,365,090 $13,274,277 $40,402,938
$38 847 966
expenses
7,897,752
7,322,201
23,216,312
22 737'739
oper.
vv
^
$1
Net sales
Canadian
Railway
Total
-V.
after taxes of $73,300.
the
and
and
-
A-—_A_——C A—^
dertakings (fair
National Linen
of
States
•
British
,,
of. $30,500,
Supply
for
reports
and
of
Shares
of
for the
profit of $53,348,
Texas,
requirements
market
at
Stocks
\':<
Corp.
reports
after
$0.51
Ry.—Earnings—
Period End. Mar. 31—
as
United
stock.
common
Corp,,
327,700
$0.20
was
:
$324,039
taxes
share—
preferred
Linen
$15,461,
158.700
$136,215
common
est.
of
The
Service
profits
1945
-
—_
Norfolk and Western
.
net work per share at the
close of business March
31,
follows:
■
Cash, Government securities and all
other net quick assets
v
(after provision for all taxes incl. income
and excess
profits taxes on income to March
31, 1945>„_
$7.16
Stocks of
::V-.Feb. 28, '45 Feb. 28, '45
after charges
$294,915
$651,739
,
'
The estimated
Period—
Profit
CHRONICLE
and
accrued
Trust Co.,
-
for
6%
dividends.
;
redemption
on June 1,
next, the entire
cumulative preferred stock at $105
per
Payment will be made at the
140 Broadway, New York, N. Y.—V.
161, p.
Guaranty
1885.
.
Gas
output
for
Note—The
the
May 4 week is reported at 129,493,000 cu. ft,,
an
increase of 10,536,000 cu. ft., or 8.86%
above production of 118,957,000 cu. ft. in the corresponding week a year ago.
.
,
dividends paid on Aug. 25,
policy from a semi-annual to a
dividend
V. 161, p. 672.
.
marked
quarterly
change
a
payment
in
(The) Osborn Mfg. Co.—New Vice-President—
basis.—
M.
been
,
April Electric Output Up 2.78%—Gas Production Off
.
For
the month
output
of
ended
52,911,625
production
a
ago.
Gas
<
crease
output
of
in
cu.
The
April,
in
1945,
for
is
Gas
&
The
the
a
year
the
on
had
Electric
filed
recent
proposed
a
of
/
Associated
brief
action
Association.
trustees
asserted
with
the
by
the
Electric
characterizing
setting hearings
in
of
the
Commission
has
New
had
Appelated Gas & Electric system.
All
on
these claims,
a
par with
debentures.
New
New
recapitalization
before
it
2003.
plan
'
:v:
-
New England Power
•'
The
Association
reports
:
makes
hours
agreement
tion,
increase
an
p.
of
3.44%
over
the
1945
2003.
$2,825,899
$8,406,437
no
7,270,598
6,756,995
the
between
the
employees
company
agreement now goes
With
approval the
completed
and
the
the
to
on
Traffic
National
will
company
April
26
Employees
War
Labor
disburse
of
increase
ployees.
be
The
Traffic
all
in
base
adjustments
also
Clerks
Headquarters
for
rates
Operators
involve
and,
in
and
$2
a
the
dition'by setting May 10, 1943
-
in
its
their
date
weekly
Jan.
is
order.—V.
For
rate.
10,
161,
1944,
the
as
Associa¬
Board' for
.
final
Dining Service
weekly increase
settlement,
applied
V. 161.
em¬
for
remainder
of
by
set
the
the
force,
War
the
Labor
The
63.002,811,
year.—V.
161,
,
North American
Net
Additional
security for employees of this company has been estab¬
through the inclusion of surgical operation benefits in its
program which already provided
the personnel with
insurance and accident and health and
hospital expense benefits.
.
loss
and
—V.
Board's
after
p.
taxes,
depreciation,
,
life
The
politan
group
Life
plan
will
Insurance
continue
Co.
ployees contributed fixed
of
the
entire
net
on
a
amounts
cost.—V.
160,
p.
to
be
underwritten
by
the
Metro¬
Co,—Hearing
on
Sale of Pacific Gas
Stock—
The
company's
700,000
Pacific^
,
has
ordered
proposal
shares of
Gas
and
to
its
a
hearing held May 7 in connection
sell,
if
market
conditions
holdings of 1,420,505
Electric
Co.—V.
161,
p.
shares
1885.
are
of
with
favorable,
common
up
stock
the
to
of
145.
p.
an
amendment
with
the
whldh
SEC
sale
statement
reduction
a
with
of
its
note
the
North
of
' "■ V
•
Commission.
American
•
-
%
/
Proceeds
Co.'s
'
/
1
will
preferred
be
stock.—
'
Inc.—Prepays Notes—Earnings—
prepaid
on
May
1,, 1945,
$1,000,000
principal
obligations which were not due until July
1,
$520,000
for
the
1946.
retirement
of a
corresponding prin¬
debentures due 195.2 to 1958 of the latest:
matur¬
through operation of the sinking fund was authorized
on May 3.
Of this amount
$475,000 represents the sinking-fund payment dua
May 15, 1945.
amount
of
3%
regular
the
quarterly dividend of 50 cents per share was
declared
stock, payable June 29, to holders of record June
common
8,
i'
■
for
Quarters Ended
.
Mar. 31, '45
_1_"
on
3,752,136
Aor. 1, '44
t$4,007,000 t$3,814,000
shs.,
j
$1.07
'
$1.02
"After interest and all charges
including estimated provision for all
normal
and
excess
pTofits
taxes.
tThis
amount
includes
$839,000 representing Paramount's direct and
indirect net interest as
Federal
•
SEC
cooperative
2187.
basis whereby the em¬
employer bears the balance
filed;
"Earnings (estimated) z
Earnings per common share
outstanding
'
■
161,
„—
North American
and
the
RR.—V.
•
$445,505
lished
insurance
has
Results
.
$367,372
2076.
Co.
1661.
1944
depletion
—
to
p.
1945.
Corp.—-Earnings—
interew
160,
Western
ities
effective
1945
&
for
payment of
cipal
The
Cement
12 Months Ended March 31—
Newmarket Mfg. Co.—Insurance for
Employees—
group
The
'■
V
American
corporation
amount
on
was
Lackawanna
Paramount Pictures,
im¬
an
equalize this con¬
the retroactive date for the increase
originally
as
.
of
registration
a
1660.
p.
-
,
company
approve
wage schedule was agreed upon.
As the improvement
in the steps in the wage schedulfe does not
benefit
nearly
5,500 operating employees
who
have
reached
their
maximum base rate of. pay, the agreement seeks to
161,
division,, haa
of not more than
700,000 shares at a secondary sale, and the com¬
planned to invite .competitive bids on the spread or seller's
commission.
The price was to be determined
by the market-pricesUnder the amended plan the
price as well as the spread will be
determined
by competitive bidding.
It is
(iontemplated that pro¬
posals for purchase of the stock will be opened at noon
May 22.
In connection with the
offering Pacific Gas & Electric Co. has filed
proved
•
brush
\
pany
the
approximately
,
weekly
company's
sale at competitive bidding of
700,000 shares of its hold¬
1,420,505 common shares of Pacific'Gas & Electric! Co.
Previously North American Co. had asked the SEC to
ings
in retroactive pay to about 12,700 employees and will add
$3,000,000 annually to its payroll expense.,
v ; \\ r,
.; j
adjustments in wage schedules are in general those affirmed
the National War Labor Board, on April 7.,
These call for a $3
by
provision
for
Delaware
provides
$8,030,465
2,499,342
by
the
Pacific Gas & Electric Co.—North American
Co. to Sell
Stock at Competitive
Bidding—
The
available
corresponding week last
$2,946,302
ratification
Manager of
large industrial brush manufacturing
leading producer of foundry molding machines.
a
Oswego & Syracuse RR.—Merger Proposed—
See
about
1945, as 62,830,245, as compared
59,514,476 for the week ended May 6, 1944, an increase of
5.66%.
Comparaole figure for the week ended April
28,
•
99,673
$4,500,000
/
territory for the week ended May 5,
with
the
approval.
V\%IIvI.v':1
kilowatt
of
income-.^.-
"
-
Association—Output Up 5.66%—
number
94,333
Wage Agreement Goes to National War Labor Board—
for
for the claims,
and is based on the assumption that they will
entirely disallowed. The Associated trustees demanded a
stay on
.' proceedings on the plan
pending a decision on the claims.—V.
p.
31,231
2,610,389
oper.
income
With
England
according to the brief, are alleged to rank at least
England's approximately $35,000,000 of outstanding
England's
•'
Net
have
SEC
SEC
plan
&
.
the
27,304
rev._
is
1945—3 Mos.—1944
$24,6*07,866 $22,473,541 $72,825,635 $66,020,713
revenues--
a
Seles
Vice-President, effective May 1.
a
concern
North
Net
„
Gas
,
that
1945—Month—1944
and
Operating revenues— $24,580,562 $22,442,310 $72,731,302 $65,921,040
Operating expenses—
14,729,830
13,567,124
43,312,610
39,911,379
Operating taxes—* 6,904,430
6,049,287
21,012,255
17,979,1^6
:
ago.
recapitalization
Telephone Co.—Earnings—
Uncollectible oper.
Pecsok,
elected
This
'
determination since March, 1943, the validity and extent of
$30,000,000
of claims against
the New England Gas & Electric Association ad¬
vanced by the
„
Operating
corresponding
reported, as 547,701,000 cu. ft., a de¬
2.09% below production of 559,405,000
reorganization
that 'they
May 22
for
' '
cu.
as/"highly unjudicial"
New York
Period End. Mar. 31—
Recapitalization Protested—
on
trustees
announced
kwh.
51,481,154
.
11,704.000
Action
;•
of
ft., or
ft. in the corresponding month
'
.
30, 1945, the Association reports electric
This in an increase of 1,430,471 kwh., or
kwh.
above
month
year
'
April
2.78%
3
C.
>
--
..
last,
a
of
stockholder
partially
share
of
in
the
owned
combined
subsidiaries.—V.
undistributed
non-consolidated
undistributed
161,
p.
earnings
1776.
of
earnings for
subsidiaries,
partially
the
flncludes
owned
.
quarter
$843,000
non-consolidated
before
Profit
contingencies
,.
Income
taxes
Reserve
for
Net
—V.
$4,126,029
$3,313,101
3,300,823
2,662,636
375,000
375,000
300,000
-_
$450,206 '
396,123
$0.95
$1.14
396,123
$0.88
share
160, p. 1741.
'
.
profit and income from operations
Selling, advertising, general and admin, exps.
Gross
profit
Miscell.
"$1,112,607-.
-
net—;
income,
161,
before
bonds
the
the
1886..
p.
$1,126,820
Depreciation
122,101
—
Ptov.
for
Fed.
for
Fed.
excess
profits
tax—
—
income
outstanding-
shares
No.
Earned
share
per
Federal
for
profits
excess
for
tax
were
post-war
months
three
and
1944 and
1945 is after deducting $34,700
refund of excess profits tax- which sums
reserve
for contingencies.—V.
161, p. ,-124-T. .,.'
period
a
369,000
$0.74
$0.75
;
Note—Provision
$272,040
$277,663
369,000
——
—
-
-
Sales;
31—i
Quarter Ended March
Net
profit
■'
The net loss for
of
'
1945
•
1944
with a net profit
January and February was $98,369
Net
Operating
quarter was $1,991,667, an increase of
1944 figure, for an increase of 115%.
The
the
for
$1,000,000 over the
over
revenue
between
fares
Reduced
subsidiary
system will become
points on the PCA
many
tion,
immediately,
according
discount of 5%
161, p. 2004.
a
51,440
1,024,555
51,892,387
160,023
3,781,351
48,525,596
241,724
4,006,598
$1,185,347'
$5,770,572
1,470,222
129,778
149
511,703
45,353
2,280,579
184,874
27
35
177
profit
—V. 161, p. 1886.
$624,147
$1,855,099
$3,304,942
$628,255
Profit
Bonds Sold to Equitable Life—
after
Income
$776,965
"597,800
Net
charges
and
profits
excess
profit
Number
435,000
taxes
capital shares
share
;■
"Includes
provision for
V.
220,000
...
$0.81
renegotiations and
per
161,
$177,015
$199,237
220,000
220,000
$0.80
$0.90
other contingencies.—
$179,165
—
of
Earned
1467.
p.
bids, both naming a 3% coupon, were received at the
competitive sale.
They were:
Halsey, Stuart & Co., Inc., and associ¬
ates, 99.3899; and Kuhn, Loeb & Co. and associates, 99.383.
The bonds
contain
a
provision, the carrier said, for an annual
2038.
p.
'
<
.
1945
1944
1943
$525,258
$548,512
$464,276
com. .shares,
shs. in treasury
excl.
1,046,301
1,035,516
$0.48
$0,51
1,047,116
$0.52
1,042,300
$0.45
Earnings
„
1945
3 Mos. Ended March 31—
revenues
Power
purchased
Power
Depreciation
Federal
Other
305,377
Cr 166,476
347,961
143,383
236,306
80,025
84,249
-
—
303,391
Crl38,458
343,959
142,841
77,438
—
expenses
profits tax
excess
taxes-
—
income
Operating
$644,097
—
Gross
Net
income
237,078
—
income
161,
100
$515,221
$1.13
have
Sales
The
$1.13
made
$2,749,143 $11,027,962 $10,966,240
*
bonds
*>f
electric
ended
output
May
8,647,000
1945,
5,
kwh.,
for
the
amounted
7.1%,
or
company
over
to
has
company
June
on
4,
1945,
week
of
of the
50,000
"Consol.
Earns,
Manhattan Co.
shares
161,
919.
p.
Permanent Bonds Ready—...
-
first and refunding mortgage bonds, 2%% series, due
1974,,,,may be exchanged -for-permanent bonds at
the
Fidelity-Philadelphia Trust Co., trustee,: Philadelphia, Pa., and at
J. P. Morgan & Co., Incorporated, New York, N. Y.—V. 161, p. 2038.
V-
12 Mos. End.
'
-1.
W
i
•
"V:
•Gross
t
.
"
A
*■'„
"
Mar.
r
of
Federal
of
$50
has been
$
•:
income
'
'■!
215,583,499
exps.,
income)
and interest—;
tProvision
-Vn.K
v.
.
(other
than
Net
on
income
Net
Net
profit
taxes
on
income—
share
per
paid
to
33,917,727
30,078,597
4,368,000
450,000
9,363,552
State
12,340,298
6,828,011
13,823,045
3,195,000
3,115,000
9,145,298
3,713,011
$i.g6
$0.76
before
tNet
,
the
Eastern
profit
two
for
RCA
$5.37
or
gisoline
Gross
exchange)
Pipe Line Co.
of
'
the
taxes
income
(the
common
collected
for
1945
applicable
stock
of
\
derived in part from sales to governmental agencies
which are, subject to adjustmenrunder the Renego-
was
under contracts
tiatipn, Act.
Provision for war contingencies included deferred main¬
tenance. renegotiation, reconversion costs and possible shrinkage in
inventpry values.
It is the opinion.of the company that its liability
pa- renegotiation, after appropriate credit for Federal taxes on
income
wilLnot materially affect net income.
,
IThe
March
of
provision
31,
1945,
^subsidiary
for
is
Federal
net
taxes
on
income
after deducting a
for
refund
of
12
months
ended
prior years taxes
company in the amount of $188,250.—V. 161
p
1662
the
that
the
of
one
the
it
The
$40,000,000.
first
of
this
indebtedness
fixed
or
of the V-loan
remaining
repayment
The
corporations to
$35,000,000.
leaves
amount
outstanding.
for
arrange
V-loan
a
Regulation V issued April 6, 1942 by the Board of Gov¬
the Federal Reserve System to facilitate and expedite pro¬
war.
It was the largest loan of its kind to be made at
of
for
time.—V.
161,
1662.
p.
.;:-
RCA Communications,
The
company
for
making
and
been
Government
from
and
days
seven
second
personal
announcement
President
has
inaugurated direct radiotelegraph service
messages between New York and Rome.
Lieut.
Col.
Thompson
H.
Mitchell,
General
Manager,
pointed out that this radio
and
the
in
operation
and
Italy.
after
messages
facilitating
June,
well
as
press
as
the flow
dispatches
Rome terminus of the circuit was established
Germans fled the Italian capital.
It was the
the
American
supplementing
161,
last
since
military
The
wholly-owned
Europe,
Inc.—Expands Service—
4
May
on
commercial
In
Vice
announced that
8
originally borrowed the full amount
with
was
May
on
$75,000,000 V-loan credit which
banks and trust companies.
35
under
duction
commercial
station
radio
earlier
opened
one
by
RCAC
set
at
in
up
Naples.—
1809.
p.
Railway Express Agency, Inc.
Business Up—
totaled
the
V
air
$129,070
Air
charges
express
for
Express
—
increase
an
Division
of
Railway
number
of
air
three
international
28,686
as
agcinst
Heavier
the
.
,
shippers
by
paid
149%
of
March International
*"
'
the
over
Express
shipments
express
airlines
41%
rose
for
19,196
individual
March,
shipments
handled by the
March,
in
have
on
Agency, lor
a
total of
with
:
hauls
longer
.
'
.
.
indicated
are
-
by
marked
jump in charges and outgoing shipments maintained a
ratio of nearly three to one over incoming traffic during the month,
the
Agency said.
.... T
... •
Air Express
Shipments Rise—
Increase of
An
LaGuardia
1944
shipments handled
number of air express
in
19.9,0
during the first quarter of 1945 over the same
reported on May 5 by the Air Express Division *of
Field
was
Express
Agency.
f t
,
*,/?"'
Air
express shipments forwarded and refeeiv«d«>&t 4116
first three-month period > totaled 194j893 'compared
the
for
1944.
A
" "■
'*
''
-
'
'!
i#ieldHda#ing
with 462.430
1*t*
gain in gross revenue for the quarter was registered over
as the
total reported.
;
41.7%
with
1944
$1,043,441
Figures for March showed a jump of 18.6% in number of shipments
at
the
field
over
the
same
month last year, while gross
handled
revenue
registered
V.
p.
161,
41.8%
a
Express
the
increase,
Agency
1662.
•
stated.—
1
net
and
$10,420,000
excess
profits tax
Offering—-Smith, Barney &
Reading Co.—Secondary
Co.
on
a
secondary offering of 86,600
of common stock (par $50) at $25.25 per share,
concession to NASD members of 75 cents a share.
May
Calls
All
i
York,
accrued
earnings of Procter & Gamble Defense
the English and Canadian companies,
made available in United States funds.—
to
at
of
July
"' »
•
•
►
1
full redemption price, together with
will be paid upon presentation and
"•
-
payment
interest
due
B,
next,
N. Y.
Immediate
the
1945,
1,
bonds.
above-mentioned
of
gold
Jan. 1, 1997, have been called for
105 and interest.
Payment will be
Hanover Bank & Trust Co., trustee, 70 Broadway,
1,
at the Central
made
mortgage 41/2%
refunding
and
general
series
July
on
a
Refunding Mortgage 4V2S—
&
outstanding
series A,and
redemption
New
made
10
General
the
of
bonds,
-
\%v
f:
of
been
1944,
reported
1944.
and
March
month,
>
exclude
earnings
during
same
Agency
u
The
;
To Purchase Bonds Prior to Maturity—
See Shamokin, Sunbury &
1662.
with
187,577,000
increase
of
Lewisburg RR. below.—V. 161, p. 1887.
kwh.
3.1%.—V.
for
161,
p.
corresponding
the
Bonds Authorized—
Corp.—Output—
this corporation
kwh., as com¬
last year,
week
The ICC
sold
company,
p.
June
of exempted
on
20
the
by
1662.
trading in the $10 par value common
York
New
the
Curb
Securities
7
Exchange,
and
;
v
Radio Corp. of America—Quarterly
Brigadier General
America, announced
stock
extended April 30
Commission.—V. 161,
was
Exchange
Statement—
in
the
"It
any
post-war
is
perhaps
stocks
ration
now
munication
other
RCA
period,"
effort
the
to
properties,
Sarnoff
as
told
of
President
26th
the
these
RCA has never sold
of the stock of this corpo¬
manufacturing plants, com¬
unabated,
1,
and
there
stockholders
April
Most
issued, for
patent-.rights
and
1945,
the
other
would
a
been
acquired
no
from
RCA."
contribution
to
the
that unfilled orders for
backlog of approximately
reported
form
assets
have
RCA's
that
retire $84,249,700
states in part:
to
bidder
outstanding bonds.
of
The report of
the series D bonds, and invita¬
partnerships, and corporations,
to
the
name
interest
to
rate
by
borne
be
bids
the
bonds
in
received.
in¬
terest at the rate of 3V8% was made by Halsey, Stuart & Co., Inc., and
120 associates, and has been accepted.
On this basis the annual cost
of the proceeds to the applicant will be approximately 3.10%.
:
multiples
The
Vs
of
of
bid
better
The
of
1%.
100.59
response
thereto
2
accrued
In
interest
for
and
were
bonds bearing
-
net interest saving to result from this
computed as follows:
Interest on the
outstanding bonds to the dates of their respective maturities $167,822,applicant
refinancing
034
from
locable
to
the
estimates the
the
a
$47,652,396
be
which
to
$116,602,203,
is
deducted
bonds
to
be
interest
on
refinanced
the
new
and
to
B
bonds to be
series
the
difference in interest of $51,219,831.
series A and
D
same
bonds
redeemed is $3,713,635.
al¬
maturities
The premium
on
The estimated
bonds, $134,400; trustee
and its counsel fees, $55,000; fee of banker adviser, $50,000; counsel
fees, $25,000; printing and engraving, $45,000; listing, advertising, and
miscellaneous expenses, $40,000;
a
total of $349,400, which added to
the above-mentioned premium produces $4,063,035.
The premium'to
expenses
said.
public.
was
Without
continues
products
he
at
1
generally -understood .that
not
bonds
outstanding
companies.
General
war
or
Sarnoff,
May
used
The applicant advertised for bids for
tions for bids were sent to 249 firms,
.
of the Radio Corp. of
annual meeting of stock¬
holders, in part, that the working capital at the time of- the com¬
pany's formation in 1919 was $3,000,000, while today it is approxi¬
mately $60,000,000. "Having thus substantially increased our working
capital, we do not think it will be necessary to raise additional capi¬
tal, through long-term borrowing, for reconversion and expansion
David
on
first
100.59
Commission
the
until
at
April 20 authorized the company to issue not exceeding
and refunding mortgage 3Ve% bonds, series D, to be
and accrued interest and the proceeds,
with treasury
on
$84,000,000
cash,
2039.
Puget Sound Power & Light Co.—Time Extension—
The period
Governments.
one
an
of
incites $4,175,110 profit from sale of 167,263/shares
number
Panhandle
p.
•
inter-company business
and
161,
pared
7,077,719
»
Federal
figures
they
as
255,000
-
President,
with
loans
corporation
with
.
taxes
profit
•Does not include
and
Federal
of
tax
for
30,207,419
before
(& Subs.)—-Earnings—-
Electric output of the operating companies served by
the week ended May 5,
1945, totaled 193,308,000
■
35,064,845
income
Prov. for Fed.
1942
no
1945
Public Utility Engineering & Service
56,071,577% 44,239,327
145,943,235
development costs and retire
v.
*
contingencies—
war
depletion, depreciation,
Sarnoff,
terminated
corporation
surrender
*$-■.,"
26,384,375
for
Reserves for
taxes
David
had
September,
1944
Cost of products sold, operating and
general
income
the
and
except
1945
from foreign subsidiaries of $40,250.
tNet after
$793,900 in 1945, $715,400 in 1944 and $521,000
of
cumulative
value
par
$1,593,000.
Corp.
Quarter End. Mar. 31
31, '45
-
dividends
and
gradually
paid off on May
the
"
etc. tFor the nine months
made for Federal income
tax of $10,410,000 and net excess profits tax of $909,000; 1944 Federal
income tax of $10,020,000,and full settlement of patent litigation in
1943.
Phillips Petroleum Co. (& Subs.)—Earnings—
%
$0.13
Gen.
in
Railway
j
'
1944
"
1943
1942
earnings_t$14,662,978t$13,884,014t$15,327,845 $19,052,613
com.
share
:
$2.22 ':
$2.10
$2.32
$2.90
Note—All
"
$1,862,416
$0.13
1945.
at
"After depreciation, Federal income taxes,
ended March 31,
1945 provision has been
Temporary
$1,791,845
$0.12
repaid
net
per
1944.
1967, and
$1,613,034
"
$0.16
share
shares)__
total
a
called- for
9 Mos. End. Mar. 31—
and its subsidiaries for the
129,759,000 kwh., an increase
corresponding
the
$2,199,286
stk.
com.
com.
refund
shares
The
$2,666,733
804,317
7,
Nov. 15, 1958, at 100 and int.
Trust Co., corporate trustee,
due
N. Y.—V.
Procter & Gamble Co.
Philadelphia Electric Co.—Weekly Output—
week
803,066
credit
The New York
York,
New
Inc.—Partial Redemption
redemption
appointed stock transfer agent
preferred stock 5%
series (with common stock purchase warrants attached)
and 600,000
shares of $5 par value common stock, also warrant agent for com¬
mon stock purchase warrants.
See offering In V. 161, p. 2039.
for
1661.
for
(H. K.) Porter Co., Inc., Pittsburgh—Transfer Agent—
1945—4 Mos.—1944
1945—Month—1944
$2,649,054
—
161, p.
called
been
Broadway,
Bank
V Period End.
April 30—
for
$176,356
redemption on June 1, next, $146,000
Of-first and reftfhding niortgage 5% gold bonds due Jan. 1, 1940 (ex¬
tended to Jan. 1, 1950), at par and interest.
Payment will be made
at the Chemical Bank & Trust Co., trustee, 165 Broadway, New York,
N. Y.—V. 161, p. 772.
Peoples Drug Stores, Inc.—April Sales—
—V.
with
month of March 1945 was $152,213
March, 1944.—V. 161, p. 1548.
>,Pf>rtland-Cfis & Coke'Co.—Partial Redemption—
t
1548.
p.
$2,401,234
788,201
$2,594,911
788,200
Repays V-Loan—
period
240,170
•
$2,987,486
May 9.
for the
profit
of $172,600 of 1st mtge.
Payment will be made at
103r953
$516,620
;___„
Earnings per common share
—V.
net
Poli-New England Theatres,
:?$7$5,391
J* $753,698'J
.__
deductions
Income
•
quarter
for
per
Brig.
.provision
compared
There
$651,438
109,601,.%;
Other income
3,249,800
International
83,649
taxes
1,648,000
4,695,500
corporation
.
made for excess profits tax, since the earnings
indicate^a"ny liability,
not
as
■ •
.
depreciation, depletion and Federal Income taxes.
Consolidated
Water
——
income
Federal
Harbor
Safe
(net)
power
operating
do
89,764
'■%
■
share
per
Note—No
$1,792,916
98,804
—
236,306
Corp.
Interchange
Other
from
4
1944
_t $1,771,139
—_———
_
1,645,700
6,645,000
1943.
1942
$499,352
net
'"■After
Operating
June
on
Outstdg.
Pennsylvania Water & Power Co. (& Subs.)—Earnings
Maintenance
per
to
15
profit—
•Consol.
of which $4,149,000 will replace a like amount of the series C
bonds held by various companies and funds in the Pennsylvania RR.
161,
1,366,750
7,142,600
"Includes
to
share has been declared on the common stock,
holders of record May 21.
Distribution of $2.50
1,5 and Dec. 15, last year.—V. 161, p. 1886.
of $2
made
were
3 Mos. End. Mar. 31—
of $57,-
amount
$7,564,533
Plymouth Oil Co. (& Subs.)—Earnings—
the redemption on
The
principal
aggregate
130,000,
.system.—V.
dividend
A
payable June
each
mortgage 3%% bonds, series C.
1 of $57,730,000 of general
will be issued in an
bonds
new
$8,936,111
dividends...
post-war
in
V.
proceeds will be applied with other funds to
The
Aug.
Earns,
of
out of income.
fund of $572,000 to be paid
51,044
$10,412,984
2,014,300
&
inc.
circuit
Pittsburgh & Lake Erie RR.—Smaller Dividend—
other
sinking
195,000
519,879
surtax.
profits
credit
is subject to the approval of the Interstate Com¬
Commission.
..."
Two
791,242
206,250
tax
tax
tExcess
ernors
1943
$1,554,237
"1,355,000
1944
$612,015
1945
merce
V
869,856
206,250
459,602
patents——
Normal
The
Pittsburgh Forgings Co.—Earnings—
Company announced May 8 the awarding of $52,981,000
of general mortgage, Series G, 3% bonds dated May 1,
1945 and due May 1, 1985, to the Equitable Life Assur¬
ance Society of the U. S. The award, made on a bid of
par,
35,539,890
1,273,818
206,250
$12,144,386
of
Balance
The
cos,
Quarter Ended March 31—
—
56,751,870
Interest
in
Net
said.—V.
Pennsylvania RR.
Amortiz.
$3,455,249
13,271,261
O'Donovan
round trips will be granted, Mr.
on
66,456,154
was
to an announcement May 4 by J. J.
O'Donovan,
Vice-President,
Permission to
inaugurate the reduced
fares has been received from the Civil Aeronautics Board.
In addi¬
effective
71,556,197
1,119,185
____
1945—12 Mos.—1944
439,827
Canada—
interests
^:
&
359,065
expenses
Preferred
28,571
Minority
v
Subs.)
gen.
sell.
Depreciation
,
38,547
,
State
profit for March was $213,530.
operating
the
921,165
13,995,210
$1,092,573
and
S.
(Including Domestic
$85,385,083 $78,808,809 $67,283,966 $44,141,709
sources..
devel.,
admin,
for income taxes—
U.
The
income
all
<13,881,016
profit
Prov,
,
of
the
1945
1944
1943
1942 %
$85,110,332 $78,450,100 $67,042,791 $43,929,445
274,751
"358,708
241,175
212,265
:
Int.
$169,497 in March.
employees
have enrolled in
31—%;.'
opers.
gross
from
per
$16,047,495 $15,532,604 $61,604,333 $56,229,168
and
etc.
sales, oper.
Depletion and deprec.—
'
of the
retirement,—Benefits, which
of 65, supplement Social Security benefits.
%
Balance for
other
and
oper,
general expenses,
on long term debt-
"$77,682
$71,128
——
''Loss,
quarterly dividend of 30 cents
dividend of 30 cents per share on
1945—3 Mos.—1944
income
Cost of
at
upon
Income Account
Cost of goods sold,
both
$25,
par
Period End. Mar. 31—
■/%
90%
than
to participate,
incomes
age
income
Divi¬
a
Pittsburgh Coal Co.—Earnings—
v* • •
from
inc.
Other
Net
$61,500 for
set up as
Earnings—
Pennsylvania-Central Airlines Corp
stock,
the
received
that more
eligible
38,000 persons, 51% women and 49% -men.
operations in 1919 with 457 employees.
Quarters End. Mar.
Gross
payable June 1 to holders of record
May 17.
Previously the company paid regular quarterly dividends of
25
cents per share on
this issue, and, in addition, in 1944 paid a
year-end extra of 25 cents on May 29.
The usual quarterly dividend of $1
per share on the $4 dividend
no par preferred stock has also been declared, payable July 16 to hold¬
ers of record July 2.—V.
160, p. 1408.
-
Net
declared
year-end
extra
an
at; the
began
Consolidated
Common Shares—
on
have
directors
and
common
207,748
312,290
207,123 ;
553,628
stock taxes
and capital
income
Prov.
The
facilities
board of directors and
approval of stockholders on
employs
now
Total
share
manufacturing
our
%"
dend and Extra
$925,779
88,405
income
1944,
life
assures
normally begin
company
oper.,
Total
1,
It
which
RCA
utilize
are
same
Pillsbury Mills, Inc.—Declares Larger Quarterly
$909,309
16,471
14,213
—
—
—V.
from
detached
be
Dec.
was revealed
its subsidiaries,
1.
and
plan
surrendered
to the trustee,
The company is required to pay such coupons maturing
July 1, 1945, upon presentation thereof, and is also required to pay
fixed interest and income interest, if any, due July 1, 1945, on the
registered bonds without coupons accepted for purchase by the trustee.
shall
since
effective
RCA
fully
of the current year."
Plan, adopted by the
the end
Retirement
RCA
May
•'
,
through
The
will
products
war
least
provisions of the indenture all coupon bonds accepted
for purchase by the trustee shall be surrendered with all unmatured
coupons attached thereto, with the exception of fixed interest coupons
and income interest coupons, if
any,
maturing July 1, 1945, which
Ltd., Iiic. (& Sub.)—Earnings—
I
1945„.,$2,007,515 $1,633,946
894,908
724,638
Penick & Ford,
'•
for
the
Under
•
Gross
■'
amount..
$350,465
396,123
$376,000
-
_
shares-—.-
common
per
'*3 Months Ended March 31—
"
$3,003,000
—
contingencies—'
of
Earnings
_
2,252,000
_■
profit
Number
reserve' for
and
tax
Fidelity-Philadelphia Trust Co., trustee, 135 So. Broad St.,
Philadelphia, Pa., will until 12 o'clock noon on June 15, 1945, receive
bids for the sale to it as of July 1, 1945, of consolidated mortgage
3%-6%
bonds, series A, due Jan. 1, 2039, to an amount sufficient to
exhaust
the
sum
of
$296,893,
at prices not exceeding
their face
The
Apr. 3, '43
Mar 31, '45 Apr. 1, '44
$180,000,000.
Disclosing that orders booked in the first quarter of
this year totalled $62,000,000, he said: "It is probable that demands
Sought—
Philadelphia Transportation Co.—Tenders
(& Subs.)—Earnings—
Pstcific Mills
Quarter Ended—
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2114
be
are
received
$4,063,035.
Federal and other taxes on
for the
series
leaves net
D-bonds
expenses
new
is $495,600.
of $3,567,435.
and this deducted from
If
the latter amount
is
deducted,.from the difference in interest of $51,219,831, the net saving
is
$47,652,396
as
above
stated.—V.
161,
p.
1887.
THE COMMERCIAL & FINANCIAL CHRONICLE
the company, and of freeing the company
against payment of dividends on its own stock.
by
prohibition
& Co., Inc. and associates on )
May 9 offered 550,000 shares of 30 cent cumulative con¬
vertible preference stock (par $4) at $5 per share.
M.
held
stock
Of-
Laboratories, Inc.—Preference Stock
Reeves-Ely
ferred—H.
Byllesby
Underwriters—The
number of shares of stock and
agreed
purchase,
to
principal
from
•
underwriters
terms
and
conditions
set
forth
Rutland-Canadian
the
preferred,
;
-
r
shares
has
There
purchase contract, are as follows;
The
•<
at
in ;
days' notice,
per
share plus accrued dividends, and will be convertible,
share (subject to adjustment in certain cases) into common
the
company.
The convertible preference stock
will be ;
will be redeemable at any time,
convertible preference stock
whole
in
or
$5.50
share
for
stock
of
entitled
to
sinking fund,
a
Dividends
will
from
annum
v
.
*
"
■
rate of 30
'
•
-
-
the
at
cumulative
be
April 15, 1945.
.
A.
•
,
The
Business—Company
and
all of the stock of 300 Pearl Corp. (New
York), which holds options to purchase two of the buildings which
the company and its subsidiary, Hudson American Corp.; now occupy
also
company
under
,'vY';'Yv".
lease.
••
of 2,500.000
additional
shares
such
of
Hudson
American
stock
to
588.700
dent..the
at
•
directors
The
of
'
x
Ended March 31—
'3 Months
♦Net
$4 )>.•?«.«.—Y
< par
stock
Common
(par
*
.
cents)
10
reserved
shares
*550,000
;
■
.
for
issuance
1949,
up
issued
for
Oil
sales
upon
the
to
550,000 shs.
600,000 shs.
guarantor
of
Est.
American
Hudson
oi
Y
-
__i
—_.
administrative expenses
oper.
Net
oper.
161,
Art Metal
the
Profit
taxes
income-
on
figure
months'
period
ended
after giving effect to
was
termination
to
claim
of
Feb.
28,
abeve.
to
;
monthly
a
American
Corp.
and
before
y-"'-
YY" -•!-.:'Y••
it
net
at
time
any
stock.
on
Each
without
upon
written
outstanding,
shares
of
Securities
before
or
view
any
request
register,
and
Act
of
is
31, "1949, 55,000 shares of common
that the holder thereof acquires the
distribution but that the company will,,.1
the
of
at
the
1933.
holders of
company's
issuable
The
warrants
majority of
a
expense,
the
exercise
upon
also
warrants
or the
the
estimated
preference
contain
under
V.
161,
provisions
for
net
stock
Hudson
to
subsidiary
dividends,
a
Net
up
in
$0.21
designed
nearly
$500,000
American
Corp.
to 50%
of
its
at
is
Dec.
for
31.
the
The
1944.
purpose
of
no
-
that
of $500,000, thus permitting it to pay
net
earnings
in
any
fiscal
year,
on
its
common
per
161,
;
annual meeting,
a
mounting demand for
1944
$448,914
$544,067
shares.———.—
926,537
926,537
$0.46
$0.56
profits tax——
—
share————--——-
Existing
to
the plan
With SEC—
The
of the preferred stockholder group for reor¬
the Interstate
have a total
security holders, according to- the plan, would be
for each $1,000 principal amount of bonds:
4Vz% bonds—$350 of bonds, 2V* shares of preferred
RR.
of common stock, and $20 in cash.
.
& Lake Champlain Ry. 4% bonds—$420 of
shares of preferred stock, 7 shares of common, and $20 cash.
stock,
8
shares
Ogdensburg
19,960,184
24,434,958
1,255,464
4,617,772
4,233,647
25,672
102,397
35,219
,
$1,700,844
6,181
$1,281,137
6,954
72,416,
$4,720,169
' 13,255
$4,306,063
16,028
-
Y
fixed
.$1,694,663
to
put
court
.
$1,274,182
$4,290,035
$4,706,914
of
into
effect
the
approval.
reorganization
Ecker
instructed
appointed by Federal Judge
reorganization
'
Y
Y
managers
Frederic W.
Moore
possible
;
.
and Richard J.
the
;
appointees
plan
;
.
Brewster,
W.
rapidly
as
?
f
proceed
John
Jr.,
Lock wood,
to
recently
which
:
H.
James
are
as
in
consummating the reorganization.
'Y '
Thompson will continue as trustee until
operative.—V. 161, p. 2040.
Frank
Y
A.
YYY"_';'
.*
becomes
plan
Y;**'.'
:
Southwestern Ry.—March Earnings—
v
Y 1945—Month—1944
Railway oper. revenues-
$6,820,446
Railway oper. expenses-
1945—3 Mos.—1944 *$5,916,811 $18,973,462 $16,062,685
2,991,738
Railway
-
2,735,348
Y
<
accruals
tax
valorem)
(ad
84,266
——_
Federal income taxes—_
Other Federal
income. -
income
Deductions from railway
•-
•
•
•
v
264,038
4,315,323
254,060
6,159,926
347,200
409,363
$3,772,994
-187,395
v
31,700
96,401
$3,083,700
93,697
$1,151,401
$3,869,395
$3,177,397
$1,119,701
$1,325,411
Total ry. oper.
7,990,260
-
:•
-
1,787,735 '
120.535Y
income
8,439,283
*
86,642
/
2,298,496
taxes„__>
Railway oper.
Other ry. oper.
ry.
37,448
'
"
$1,362,859
'
Y 'Y
•
305,544
280,425
962,399
921,870
$1,057,315
$870,976
$2,906,996
$2,255,527
___
income
oper.
•
34,981
from
760,726
$2,256,565
$642,757
85,137
$2,340,664
761,370
$1,579,294
-256,155
inc.
gross
110,295
$3,017,291
$898,912
253,947
—
Y
27,936
$1,092,296
$838,349
income
Deduct,
Net
income
To Pay
_*_
Interest—
Henwood,
Berryman
Court
at
on
intends to
file
a
requesting authority
St.
Louis
Yy;.V'Y.YY'
■
terminal
coupons,
trustee,
Louis,
in the U. S.
July 1, 1945,
petition
to
Southwestern
pay
bonds:
mortgage income 4s, due Nov. 1, 1989: Two coupons, Jan. and
1945;
First
St.
interest
following
"
'' '
and unifying mortgage bonds due Jan.
and
and
and
Jan.
and July, 1939, and Jan. and July, 1940.
Regular interest payments are already being made
mortgage bonds due Nov. 1, 1989.—V. 161, p. 1583.
Three
1952:
1,
July, 1945; < *
'
refunding mortgage 5% bonds, due July
July,- 1944,
-
General
YY
;
.
-
1990:
1,
Four
the
firi$
Jan.
coupons,
on
Savage Arms Corp.—Earnings—
1945
Quarter End. Mar. 31—
profit
after
all
and taxes
Outstdg. com. shares—
*$170,278
670.860
$0.25
charges
Earnings
per
share
1943
Y Y
$216,549
670,860
$0.32
1944
Y
*$180,853
670,860
$0.27
Net
1942
■
$500,529
670,660
$0.74
taxes of $123,518 in 1945 and $121,216 in
1944, exclusive of post-war credit and subject to year-end adjustments
and price renegotiation.—V.
161, p. 467.
♦After
deducting Federal
Schenley Distillers
Corp.
—
10,000 Pre¬
To Redeem
/
ferred Shares—
v
J ;;
.
.
•
10,000 shares of its 5V2% cumulative
preferred stock on June .30, next, at the redemption price of $105
per share, plus accrued dividends of $1.37 %
per share from April 1
to vJune 30,
1945, making a total of $106.37'/2 per share, it is an¬
nounced.
:
(
Y
:-Y-Y
The close of business on June 1 was fixed as the record date for
the determination of the shares to be redeemed.
The Bankers Trust
Co. of New York, which was appointed redemption agent, will select
by lot the shares to be redeemed, and the stock transfer books will
be
closed
to
transfers of
the shares called for redemption as of
The
corporaOSn
of
bonds,
2
will
business
of
redeem
1.
June
on
<•.
be mailed
redemption will
«
stockholders and published
to
6, and payment of the redemption price will be made on and
after June 7 at the office of the Bankers Trust Co.—V. 161, p. 1583.
on
June
Seaboard Air Line Railway—Equipment Trust
Certi¬
ficates—
ICC
Co.,
of the
trustee,
as
connection
with
the
Commission
Invitations
to
banks,
houses,
assume
othlgation
and
bid
for
therein
also
were
bids
dividends
were
for
was
In response
received.
The
certificates
received
offered
and
for
insurance companies,
The bidders-" were
sale.
certificates and to designate
the rate of dividends' to be borne
to the invitations and advertisements
more
the
favorable bid,
99.759.
and
accrued
dividends at the rate of 2% -per
Halsey, Stuart & Co., Inc., acting on
bearing
from
.
companies,
to submit bids for all
in multiples of Vb of 1%
by. the certificates.
annum,
at
.
the
bankers,, trust
certificates
the
99.759 and accrued divid^nds,Yin
of certain equipment. The report
■
■
• T
certificates were sent to 170 investment
sold
procurement
states:
requested
two
to
the company
in respect of not exceeding $2,640,000 of equipmentcertificates, series NN, to be issued by the City Bank Farmers
Trust
and
24 authorized
April
on
liability
trust
•
following
Rutland
9,555,831
1,611,006
8,705,085
reorganization managers have been
Moore
received
The
capitalization of $15,500,000 consisting of $3,500,000 first mortgage
4% income bonds, 20,000 shares ($100 par) non-cumulative preferred
stock, and 100,000 shares ($100 par) common stock.
V
-.•/
the
Y 1,638,952
Reorganization Managers—
H.
Notice
$2,038,067
1,494,000
ganization of the company which has been presented to
Commerce Commission, the
reorganized company would
v
563,297
i,
$1,500,838 in March 1945 and $3,856,468 in
period Jan. 1, to March 31, 1945 for estimated income and excess
profits taxes compared with $1,234,855 in month and $2,836,508 in
same period last year.1
:
.
■
.
and
According
for
deductions
the close
1945
$1,719,914
1,271,000
1663.
p.
3,315,778
9,475,743
Y
_____
charges
♦After
July
concentrating on a program of mechanical
to accelerate the flow of production.
The
plant reconversion problem at war's end."—
Rutland RR.—Plan Filed
proposed*J
giving
income—
avail,
Second
;
—
excess
of
3,609,783
5,088,367
,-
6,878,442
•
income
District
large degree by
profit
Number
proceeds from the sale of the 550,000
the. 55,000 warrants will amount to
net working capital
up
$0.55
favorably with the high levels attained in the corre¬
last year, * To help-offset'the handicap to Increased
resulting from the continued shortage of man¬
will have
p.
2039.
Earnings
and
intends to add approximately 55% of the net proceeds to
working capital and to advance the balance as working capital
to its subsidiary, Hudson American Corp.
The effect of the financing
will
be
to
give the company and its subsidiaries consolidated net
working'capital of approximately $1,300,000 and to eliminate the:
present deficiency in the company's working capital postion, its cur¬
rent
liabilities.having exceeded its current assets by over $1,000,000
at Dec. 31, -1944, and a similar deficiency of Hudson American Corp.
advance
$0.61
' ';.-::Y;^
business
and
3,757,122
1,838,475
3,283,722
1,665,625 Y
expenses—..
oper.
♦Bali
$80,034
Rustless Iron & Steel Corp.—Earnings—
Income
1,332,901
-
Y ,554,943
—______
income
-1945—3 Mos.—194*
■;
$9,960,549 $29t788,189 $28,668,605
1,314,376
1,735,533
Deductions from income
336,045
Profit
the
own
amounted' to
;
336,045
Quarter End. March 31—
after charges
warrants
thereof
Company
which
taken
improvements
approximately $2,246,450.
its
—
■
.
$195)803
.
336,045
the management is
power,
company
share,
—V.
of
$214,382
period
of
\
necessary
compares
volume
dilution.
Purpose—The
for
.
92,600
repairs and maintenance of existing buildings
farm improvements.
Current sales volume of Ruberoid prod¬
sponding
adjusting the warrant subscription price or the number of shares
purchasable upon exercise thereof upon certain conditions, such pro¬
visions being designed to protect the holders of the warrants against
shares
$172,634
'
April
being
for
ucts
March
to
stock
common
t
will provide
warrant
same
V.$356,161v
retirement annuity plan,
designed to provide all
employees, both salaries and hourly paid, with a regular
income in addition to the social security benefits they will
from
the Government when
they become 65 years of age,
materials
Warrants—Company has agreed to sell to the underwriters and the
named therein, at 5 cents per warrant share, warrants of
per
ry.
Gross
'f '160,358
27 by the stockholders at their
announced by Herbert Abraham, President.
was
slack
.
■■
entitling the holders thereof to purchase at $5
oper.
Total
1943
The
plan had been previously approved by the U. S. Treasury
Department and accepted by 83% of all eligible employees.
Y
Commenting to stockholders on the present situation in the building
products industry, Mr. Abraham said:
>
»
"Although war construction is nearing a standstill and new civilian
construction remains under severe wartime restrictions, the resulting
giving
••
$464,767
'250,385
sharcs__
share——.—
2653.
adopted
was
requested by
/'YY:Yy>YV •••*'■•
company
equipment-—..
voluntary
eligible
$37,687
Non-operating income-
Y
1944
*
(The) Ruberoid Co.—Retirement Plan Adopted—
individual
the
of
operating income
—
adjustment
price
v..
Mar. 31, '45 Dec. 31, '44 Sept. 30, '44
♦Net profit
——
$108,369
$80,925
$93,574
Earnings per common share——
$0.72 ■
$0.54
$0.02
•After provision for renegotiation and taxes.—V. 161, p. 1582. *
9,152
the combined
1945,
1945
Rotary Electric Steel Co.—Earnings—
of which
combined
reserve of $130,000 against a con¬
Hudson
upward price revisions
retroactive
232,008
Quarter Ended—
A
$366,582
Transportation expenses,-. 3,273,591
the
1,417,600
that subsidiary pursuant
provisions in certain of its war pro¬
duction contracts, of which approximately $80,000 would, if granted,
be applicable
to sales during such two months'
period
Company
believes that, alter the final determination of these items, the profit
for this period will be substantially in excess of the $55,717 referred
to
$312,383
.J
(<& Subs.)—Earnings
lul.
p.
35,000
$564,578
Works, Inc., above.
common
per
160,
46,678
$10,484,647-
Period End. Mar. 31—
Works, Inc.—New Name—
charges——
excesi profits tax. (net)
Of
Earnings
—v.
of the company and its subsidiaries totaled $55,717,
represented net profit of the company alone.
The
effect
271,466
Net profit
Number
108,367-
70,620
.192,844
82,879
! 1945—Month—1944
v
Maint;
"'
$579,797
$15,796
tract
67,354
after
&
92,972
"94,453
*
-
291,096
?,
...
Root Petroleum Co.
33,962
__
two
297,382
72,236
548,764
$723,018.$227,732
three months ended March 31, -1944, follow:- Gross
& struct. 7
St. Louis
$1,717,324
1,113,845
$368,379
Quarter Ended March 31—
receive
For
.
$94,336
1810.
$776,495
$298,333
way
Net
$2,040,511
___
(net)—
profit
profit
388.546
_
$105,480
Ronson Art Metal
See
$1,820,723
1.154,962
$579,851
96,969
—
p.
.
1942
-
Y
.''--V'V'.;
1945—3 Mos.—1944
96,425
income—
$0.22
$0.28
$1,822,209 ' $1,718,353
Y
1,486: •
1,029
$580,188
337
396.885
.
.—
income
Net
;
356
expenses—,.
taxes
Y
YY^Y '.t 'y
Corp.—March Earnings—
$598,790
revenues-
Operating
Total
—V.
$886,281
4,010,000
1945—Month—1944
$599,146
;
.;
336,200
77,010
revenues™
oper.
Stedman,
$1,121,910
'
"
1
$1,078;110.
103,361
of
1,700,000
60,000
rev._
Operating
1,631,749
Minority interest in net profit of subsidiary companies
Net
15,955
4,010,000
revenues —
1943
v
142,700
;
Maint.
17,504
$2,602,236
1,800,000
-shareY——.^—
per
Operating
Uncoil,
22.028,832
_
profit
Provision for Federal
496,420
47,685
161, p. 1887.
Y-i Y
1944
-
$2,584,732
payable and advances—-
Rochester Telephone
$25,701,092
.
deductions
1,782,471
856,678
26,099
Period End. Mar. 31—
■
Y * YYyYYY
-;
-
goods sold
Gross
Other
2,218,570
2,649,924
______
-
Co.—Earnings—
1944 Y
$3,029,595
___________
^
'
"":
.'
1,166,141
taxes
Period End. Mar. 31—
Total
11,251,008
outstanding
Earnings
—V.
to
Corp.
general and
Selling,
Y
their-loans- on
sales
Cost
contingencies
taxes.—V.f 161,
2,455,430
contingencies
income
Net
Shares
$
$1,889,159
depletion
Fed.
Judge
Income
Net
for
Operations-t-Company
of
excess
14,158,935
income
con¬
acquired the majority interests in
its subsidiary companies fairly
close to Dec. 31, 1944, and, accord¬
ingly, has no basis for preparing consolidated profit and loss state¬
ments prior to that dateY However, in order to give an indication of
the combined profit and lo*s figures of the group for a recent period,
the following pro forma condensed summary has been prepared show¬
ing the combined operations of the group for the 12 months ended
Dec.
31.
1944 (as
though the majority interests in the subsidiary
companies had been acquired by the company as at Jan. 1, 1944).
Results
\
$0.61
,
$23,039,135 $18,306,163
85,328
27,038
for Fed. income and excess prof. tax.
Provision
the
of such agreements will contain any
payment of dividends, out of earnings by- such sub¬
company and, failing to get the respective banks and
to agree
400,000
-
after
$3,003,496
notes
on
$
St. Louis-San Francisco Ry.—Earnings of System—
Net
expenses—
now
1945—16 Wks.—1944
$
taxes, $42,900; net income, $64,580;—V. 161, p. 1810.
$23,124,463 $18,333,201
general
railroad
$2,875,021
income
Other
income
prov.
neither
to. refund
endeavor
to
1943
1945
services
would
the
earnings^ $630;093; cost, expenses and iiaxes, $476,639; interest charges,
$19,213;
depreciation
and depletion,. $26,761;
provision for- Federal
;
Corp.—Earnings—
and
which
1,816,421 --1,796,911
$62-1,405
Other expenses
income
Interest
such modification,; such subsidiaries intend
a basis which will
involve no
such dividend restriction; and, in connection with any such modifica¬
tion or refur-ding of the
American Transformer Co. loan,, the com¬
pany may guarantee the loan just as it has guaranteed the loan of
the
Net
Four
intends to advance to this subsidiary sufficient funds out of the
proceeds of this financing to supply such required net working capi¬
tal of $500,000, as a result of which the restriction upon the com¬
pany's paying cash dividends will be removed.
Upon completion of
this financing Hudson American Corp. and American Transformer Co.
intend
to endeavor to obtain modification of their respective .credit
restriction
profits
revenue
and
admin,
Total
pany
sidiaries
for
reserves
excess
of
money
new
48,173.703 192,997,757 190,879,173
$2,437,825
charges
and
for
Total
Gross
Trust
that
and
Depreciation, depletion and amortization—
Dry hole losses and abandonments
•
1945
-r
taxes—
one
>
American Corp. has a. credit agreement with
Co. providing
for a revolving credit in the
amount of $2,000,000, of which it was borrowingas. of April 17, 1945, approximately $1^760,000.
Reeves-Ely company's
guaranty restricts it from paying cash dividends until Hudson Amer¬
ican Corp.'s net working capital shall have reached $500,000.
Com¬
so
substantial,
Income
revenue
Selling,
principal
agreements
Prov.
161,
.
operating
of
Cost
4
conversion
upon
Mar. 31—-
and
earnings
Deprec.
f282,568
$0.55
and
tax,
approximately
stock,
$9,794,604
653,103
"
income
1468.
Gross
stock.
Midland
maximum
Federal
\
$0.73
Federal
normal
deducting
tAfter
tax.
$840,000
Other
Loan—Hudson
■Y
Marine
YY«:-
396,381
749,484"
.
share
for
three
'
'
purchase at $5 per share at any time prior to March 31,
to an aggregate of 55,00 shares of its authorized but un¬
common
;j
„
common
per
provision
Sales, excl. State and Fed. gasoline and oil tax.
preference stock and 55,000 shares reserved for issuance upon
exercise of warrants to be sold by the company entitling the holders
to
1944
•"
-
561,200
,
Quarter Ended March 31—
vertible
thereof
:
1945
-
„
shares
Earnings
.
by
!
.
550,000 shs.
*1,205,000 shs.
-
of
Subs.)—Earnings—
$27,848,000 $16,215,000
profit
profits
(&
no
1944
1945—4 Wks
earnings
exps.
Net
Outstanding
Authorized
stock
pref.
basis
End.:
12 Mos.
Cost,
Interest
shares of preferred stock.—V.
sales
Net
Non-operating
'
the
on
that
'y;-y.
convertible
convertible
common
St. Louis, Rocky Mountain & Pacific
June 30, 1945, all
preferred stock
on
of
for
♦
stated
161, p. 2040.
Earnings for the
p.
giving, effect to the sale by the company of the 550,000 shares
cumulative convertible preference stock (par $4), the capitalization of the company will be as follows:
.
is
'Rheem Manufacturing; Co.
and
30-cent
conv.
stock
stock for each 1%
common
6%
of
shares
1931.
of
...
group
840
,';v.c
;
\
t
redemption
of
since
48,465,921
2039.
p.
,
After
^
for
shares
This
dividends.
and
$110
Richfield
Subsequently the 50,000 shares of preference stock were converted
the holders thereof into 50,000 shares of common stocky ■
cumul.
—V.
f
called
9
21/*
given
satisfaction
full
holders
j*
840'
.
outstanding
47,066
share of
on
'
May
April 21—
Sales
White, Vice-President in charge of operations, has been
President, succeeding R. J. Wysor, who resigned.
E. M; Rich¬
formerly assistant to Mr. White, succeeded him as Vice-Presi-,
ards,
1,205,000 shares of common stock (par-10 cents), and its 588,700 out¬
standing shares of common stock were changed into 50,000 shares of
such
preference stock and 550,000 shares of such common stock.
-
^
,
Period End.
840
10.000
.
the
outstanding.
stockholders
840
10,000
-
/
,
Y
Y\. 10,000
Inc._
in
dividends
for
be
Safeway Stores, Inc.—Sales Increased—
;
3,780
1,260
10,000
Inc.
Co.__.„
1468. >
'
.
15,000
M.
,*After
to certificate of incorporation, filed April 24,, 1945,
company's authorized capital was changed into 600,000 shares of
30-cent
cumulative
convertible - preference
stock
(par
$4), .and
.
Nolan,
Co.,
45,000
,
/••.;
shares are
preferred
Gross
shares
30-cent
X-_
•
preferred
bonds,
would
4,200
Republic Steel Corp,—-New President—Calls Stocks
Common
^By*amendment
of
50,000:.
7%
treatment
of
cash.
$20
stock,
for the proposed reorganization because
$1,700,000 cash reserves.—V. 161, p. 2040.
has
the outstanding common
increasing
Corp.,
1—
<fc
P.
Charles
On Jan. 19, 1945, 134,950
were issued itl exchange for
stock
common
of
&
• 4,200
old
no
and
common
accumulative
is
bonds—$280
common,
new
needed
be
Y:" 34,075
50,000
electerd
453,750 shares wore issued and outstanding.
stock
Pizzini
—V., 161,
-'Y'Y'f -V,'- Y'YY Yv.Y
of Dec. 31, 1944, the company had an authorized
shares of common stock (par 10 cents), of which
Capitalization—As
capital
Y:Y.Y.
L.
John
Lear
Reed,
^
owns
& Co
Hanseatic
Corp..
The
Warrants
■
350,000
—Y'Y
<fc Co.—
Cleveland Corp
of
W.
B.
Shares
.IV
1,178
No. of
-
—
Inc.—;
Kirkland
Office
was
Co.,
Thalman
York
Jenks,
The First
formed in New York Aug. 20,
1943, to take over on Oct. 1, 1943, under the name of Reeves Sound
Laboratories. Inc., the business of producing high frequency precision
quartz crystal oscillators started over a year earlier by the com-,;
pany's controlling stockholders, r Subsequently the company acquired
(1) all of the stock of Hudson American Corp (New York), engaged in
the ^manufacture
of electronic
test
equipment, certain types of
radar and component parts used in the manufacture of other elec¬
tronic equipment; (2) approximately 80%. of the stock of American
Transformer Co. (New Jersey),-which manufactures various types of v
power transformers and related products;
(3) : approximately 98% of
the
stock
of
Winsted
Hardware
Manufacturing Co. (Connecticut),
which prior to 'the war conducted a manufacturing business in elec¬
trical ^appliances ^marketed under the trademark "Durabilt," and also a
hardware specialty line constituting the minority portion of its opera¬
tion; at present it is manufacturing special* machine parts for war
contractors;; (-4) 50% of the stock of Waring Products Corp (Dela¬
ware),; which holds licenses to manufacture the "Waring Blendor," a
mixing device, and the "Waring Aluron" steam electric iron.
yYY"
History
&
Allyn
New
-
.
C.
Ladenburg,
v
share per
cents per
H.
"'.V-.i ..-YYYY;Y;
M. Byllesby & Co., Inc
■■■:(■
Y-Y-
'■ '
'
,,
the election of the company upon 30
part, at
the
of
$18,000,000
the
in
of
the
of
4%
Co.
shares
8
share
One
the
and
the number of warrants which each
the
upon
the
of
names
2115
THE COMMERCIAL & FINANCIAL CHRONICLE
2116
behalf
of
this
the avetage annual cost of the proceeds
approximately 2.04',p.—V. 161, p. 2040,
Itself
and
eight
associates,
has
and
accepted.
been
basis
will be
Underwriters—The
On
cipal
applicant
the
to
Sales
161,
1810.
p.
Seeman
outstanding
Earnings per share
•After
161,
charges
ioi.
p.
104,200
-
■
1943
$97,423
104,200
income
and
$0.92
.
(j,
,'■>
Quarter Ended March 31—
—
161,
$2,589,109
fBased
(Joseph E.)
Brown
Co.—
&
Sons..
;
Equitable
Secur.
&
Seagram & Sons, Inc.
Debentures Of¬
—
The
Corp.
400,000
Pacific
Co.——
600,000
The
150,000
Boston
Corp.
200,000
guaranteed by endorsement as to payment of principal
Goldman, Sachs & Co.
Graham, Parsons & Co,
and
interest,
Folger, Nolan Inc
Glore, Forgan & Co.—
Glover
Distillers Corporation-Seagrams Ltd.,
by
Lord
debentures
denominations
in
of
$5,000 and other authorized
denominations.
Principal and interest (M-N) payable at principal of¬
fice of Manufacturers Trust Co.,-New York City, trustee,
Debentures
are subject
to redemption at the option of company as a whole or in
part by lot at any time upon not less than 45 days' published notice
at the following redemption prices:
To and including May 1, 1949,
at 195%; thereafter to and including May 1, 1953, at 104%; there¬
after to and including May 1, 1957, at 1.03%; thereafter to and in¬
cluding May 1, • 1961, at 102% ; thereafter to and including May 1,
1964, at 101%; thereafter at 100% ; in each case with accrued interest
to date of redemption.
Also redeemable, through operation of the
sinking fund, on May 1, 1948, or any May 1 thereafter, upon not less
than
45
,
the
300,000
400,000
Smith, Barney & Co.—
1,500,000
Smith, Moore & Co.—
Stein Bros. & Boyce_
Stone & Webster
and
Hemphill,
B.
W.
E.
Oct.
23
and
Business—Company
1933.
'Distillers
"
1
incorporated
was
* '
'
'
t
Corporation-Seagrams Ltd.
Dominion
the
of
Canada
on
150,000
Westheimer
100,000
Kalman
150,000
White, Weld &
Whiting, Weeks
:
300,000
The
Lane,
Co.,
&
Kebbon,
Co,
The company is an operating and a
owned
McCormick
In
the
United
the
company's subsidiaries
imports and
markets
In
28
states
tributors
and
sales
Co l/>c
Ipce
in
17
states,
government subdivisions.
to certain
Debt
Latin
and
almost
where
state
Export sales
American
exclusively
,
distrib,,
limited
Capitalization
U.
less
•
debentures due
6%
debentures due July 1,
Nov.
2,
1946„
9,581,000
200,000 shs.
and Subsidiaries, including Company and Subsidiaries:
shs.
\
.
20-yr. 3J/4% debs, due May 1, 1965 $50,000,000
pfd.
stock
(par $100)
series, issued 182,500 shares
5%
Common
stock
•All held
(no
'
.
129,647
shs.
5
shs,
6%
financing
Company will
bulk whiskey
from
the company
1
'
Bankers Trust
Trust
% Held
Co
Manufacturers
-
Co._
11.20
Bank of America National
Trust and Savings Asso¬
ciation
V
.
/
Illinois
First
of
10.00
Bank
of
of
Union Trust Co.
of
Bank
Boston
First
1
of
Los
6.00
Bank
Bank
The
of
Co.
All
ment
of
the
dated
mon
Trust
—
Citizens
Bk.
Bank
0.68
Fidelity Bank and
Co.——
0.52
4.20
Louisville Trust Co.—1
0.40
Union
0.40
Trust
Co.
of Md.__
notes
were
24,
issued
1944,
The
notes
are
«ame
time
to
all
At
were
be
be
by
to
a
revolving credit
agree¬
executed
paid
and
concurrently with the issuance of
revolving credit agreement is at
the
the
sale
of
to
bank
(due
within
one
(not
due
within
and
year),
$100 000*
one
year), $250,000; capital stock
$796,512; earned surplus, $4,897 -
capital surplus,
161.
1359.
p.
1 brought dividends paid in 1944 to $1
Saw
,
directors
common
Steel
&
have
stock,
A
8,899,928
Co.—Larger Distribution—•
declared
no
a
dividend 'qf 50
value, payable June 15
par
distribution
of
40
Distillers
to
per share—V. 161,
cents
made
was
cents
to
share
per
holders
March
on
during 1944 were as follows: March
15, 40 cents each; and Dec.
15, 60 cents.—V.
bept.
of
last.
June
15,
on
record
15
15
and
161, p. 707.
;;SkeIly Oil Co.
Corporation-Seagrams
Ltd.,
(&
Subs.)—Earnings—
Quarters Ended. March 31—
Gross
operating
Lasts,
oper.
taxes,
and
Operating
Other
1945
income
10,442,899
&
7,070,045
$4,566,048
$3,319,045
1,241,754
income
amort,
of
879,334
453,299
$5,368,707
'
Non-operating charges,
Int.
8,881,958
$4,126,953
...
income
Total
$5,445,382
*$3,772 344
57,689
discount
and
and
developed oil
write-offs
and
94,204
1,376,100
41 361
'
'
100 896
1,288!240
un¬
properties,
gas
etc.
$1,-
of
47,112
82,146
1,398,146
ex-
penses on debs. & serial notes__
Prov. for depletion and
depreciation
Cancellations
1943
expenses,
/—_
income
1944
$14,569,852 $13,448,006 $10,389,090
general
etc.
212,216
Net
income
Prov.
lor
taxes
&
excess
210,607
211,622
$3,618,510
before taxes
income
$3,717,359
$2,130 225
profits
,
1,850,700
1,963,000
898,300
______
Net
$1,767,810
$1,754,359
$1,231,925
outstand'g
981,348
981 348
—___
$i.so
$1.78
income
Shares of common
Earnings
Subsequent to Jan.
summarized
($100
31,
1945
(Given Effect to in
stocks
share__..__
per
Note—Provision
the
first
Statements)
in
the
quarter
of
made
was
1945—V.
for
possible
renegotiation
981 348
*
$1.25
income
of
for
160, p. 2080.
par)
to
200,000
shares
and
150,000
shares,
respec¬
for
date
of
carried
Inc.,
all
the
shares
of
acquisition
on
th^ books
and
by
of
Sea'grani,
blending rights,
of
common
or
the
no
•
Operating
Uncoil,
E. Seagram & Sons, Inc., there
subsidiary companies of Distillers Ware¬
Inc.
(Ky.)
amounts
of "trademarks,
Joseph
,
which totaled
order that
this amount
might be eliminated in the
the accounts of Joseph E. Seagram & Sons, Inc., and
contracts
and
goodwill"
a
1945—Month—1944
1945—3 Mos.—1944
$11,965,416 $11,111,299 $34,661,132 $32,555 955
21,578
23.146
'63,292
69 041
revenues__
oper.
rev.__„
.
Operating revenues-. $11,943,838 $11,088,153 $34,597,840 $32
Operating expenses
7,623,731
7,395,328
22,377.284
21
Operating taxes
2,889,706
2.330.238
8.102,803
Net oper.
Net
income
:
income
161,
790 789
$1,430,401
$1,362,587
$4,117,753
$3,935,400
1,070,298
-
984,011
3,121.640
2,911,370
_
1811,
p.
Southern Colorado Power
Electric
totaled
486 914
6.76o'725
______
outout
of
2.029,000
this
kwh.,
Co.—Weekly Output—
for
company
as
responding week last year,
comoared
an
the
with
increase
week
ended
1.677,000
May
kwh.
of 21.0'/;—V.
161,
5.
1945
for
the
cor¬
p.
2040.
stock
capital
of $3,550,491
reserve provided during
the year ending
July 31, 1944, from the earned surplus of Distillers
Corporation-Seagrams Limited to eliminate this $3,550,491 in the
consolidation of that company and all its subsidiary companies, being
the
Period End. Mar. 31—
—V.
subsidiary companies, that company provided
by a charge to its earned surplus account.
A
the
Southern Bell Tel. & Tel.
Co.—Earnings-
-
following
April 9,
consolidation
-
terminated.
The balance of the net proceeds to be received
from
debentures will be added to the working capital.
for
cash
income
parent
and
$3,550,491.
In
guarantor.
to
debentures
stock
houses,
.bottling
pursuant
7,086,019
for
>
3.00
Jan,
-
of Calvert
Distilling Co., Distillers Warehouses, Inc.,-and Seagram, Inc.. (Ky.) then
owned
by Distillers Corporation-Seagrams Limited.
After this ex¬
change of securities, Joseph E. Seagram <fe Sons, Inc., owned directly
or
indirectly, 100%. of the outstanding securities of all the other
U.
S., subsidiary
companies
consolidated
of
Distillers CorporationSeagrams Limited.
•;
V-.'
of
Phila.
are
exchange
1.00
0.68...
of
.; 7,796,097
1945, Joseph E. Seagram & Sons, Inc., issued to Dis¬
tillers Corporation-Seagrams Limited 98,500 shares of
its 6%
noncumulative preferred stock in exchange for $6",550,000 of 6%
deben¬
tures
due
Nov.
2,
1946, and 33,000 shares of 6%
non-cumulative
preferred stock ($100 par) of Calvert Distilling Co.
On the same
date, Joseph E. Seagram & Sons, Inc., also issued to Distillers Cor¬
poration-Seagrams
Limited
1,250
shares
of
its
common
stock
in
1.20
by the company, certain of its
present subsidiaries, the guarantor and the banks.
Under such agreement the payment of -the
notes was guaranteed
by the
20-year 314%
On
1.20
Union
Federal
Sheet, Jan. 31, 1945
tively.
1.60
3.20
Detroit
Manhattan
...
of
Nat.
Trust
Angeles.—
National
*
Bank
—
City
Cleveland
of
Becurity-First National
Bank
Third
Balance
paragraphs, was to cause
Joseph E. Seagram & Sons, Inc., to own, directly or indirectly, 100%
of the
outstanding securities of all the other U. S. subsidiary com¬
panies consolidated of Distillers Corporation-Seagrams Limited.
Or.
March
22,
1945,
the
authorized
capital stock of Joseph E.
Seagram & Sons, Inc., was increased from 93,042Vz shares of 6%
non-cumulative preferred stock
($100 par) and 1,000 shares of com¬
2.80
Co.
payable
provision
(held
which
2.00
Atlanta
Nat.
7,563,000
above statements give effect to certain transactions which were
subsequent to Jan. 31, 1945, between Distillers CorporationSeagrams Ltd. and its wholly owned subsidiary company, Joseph E.
Seagram & Sons, Inc.
The principal effect of these transactions,
2.00
Trust
Bank,
National
6.72
—
National
L.
Minneapolis..:..—_
Co.
Pitts¬
burgh
St.
—
Union
Nat.
Fifth
Chicago —10.00
First
of
bank
Si,345,570;
May 21.
completed
Granting
—
Northwestern
Chicago
National
and
Bank
for
The
Harris Trust and Savings
Fidelity
Na¬
tional Bank & Trust
Nat.
Bank
10.00
—
Continental
Lives
on
Annuities
First
3,000,000
Above
Pennsylvania Co. for Ins.
Chase National Bank, New
York „————10.00
to
W
The
the
period.
Transactions
% Held
11.20
1,000,000
total, $143,792,606.
use
•'
149,203.
191,454
-
and
$7,500,000 of such proceeds to pay a like principal
amount of notes dated Jan.
22, 1945, held by the same banks and In
the same percentages.
Such notes were issued to refund previous loans
by banks to the company.
payable
total, $9,439,565.—V.
Simonds
company), $13,534,000; 6% non-cumulative pre¬
ferred
stock
($100
par),
$19,154,250;
common
stock
($100
par),
$225,000;
paid-in surplus,
$21,467,686;
earned surplus, $11,907,693;
pay $2,500.00Q of notes dated July 31,
1944, and $5,000,000 of notes dated Aug. 14, 1944, respectively, to the
banks named below and held by them in the
percentages specified.
The loans evidenced
by such notes were incurred by such subsidiary
of purchasing
accounts receivable.
'
247
p
254,454
Federal, State
and municipal taxes
iti the
States, $37,051,769; reserve for possible future inventory price
decline, $3,000,000; reserve for contingencies, $2,560,000; debentures,
,
purposes
reserved
dividend ol' 25 cents
per share has been declared on the no
par
stock, payable June 21 to holders of record June 1
A quar¬
terly of 10 cents per share was
paid on March 21, last, and every three
months during 1944.
An extra of 60 cents was also
disbursed on Dec.
United
.
First
ripnting/iiL-i
declared
$456-
reserved
(Frank G.) Shatuck Co.—Increases
Dividend—
payable under bank credit agreement, $25,000,000;
accounts payable
(trade), $3,437,799; U. S. Govt, (for price adjust¬
ments), $1,578,427; miscellaneous
payables, $748,978; affiliatel com¬
panies in Canada, $451,622; accrued salaries, wages, etc., $709,370;
accrued interest, $954,075;
sundry accrued liabilities, $911,772; divi¬
5
(net)
cash
common
Assets—Cash on hand and demand deposits in banks,. $14,426,881;
receivable,
$25,768,941;
U. S.
and
Canadian Government
obligations, at cost/ which is approximately market value, $5,228,604;
inventories, at cost, $70,202,685; deposits on grain futures purchase
contracts, $40,373; investments in and advances to subsidiary com¬
panies not consolidated, at cost, $120,961; sundry investments and
advances, at cost or less, $886,327; post-war excess profits tax refund
credits (est.), $3,120,740;
property, plant and equipment (after re-,
serves
for
depreciation and amortization, $11,636,908), $22,042,930;
trademarks, bottling and blending rights, contracts and goodwill, at
nominal
amount, $1; prepaid expenses arid other "deferred items,
$1,954,163; total, $143,792,606.
whereupon such subsidiary will
the
■
-
dends
Application of Proceeds—Of the proceeds, $8,650,000 is to be applied
by the company to retire its 10-year debenture, series A, due Nov.
2,
1946, held by its wholly owned subsidiary, Calvert Distilling Co.,
for
998;
accounts
::V'1'
1,753,870
receivable
$837,682;
contingencies, $270,000;
7,650,463
tax
i
100,165;
2,300,000 shs.
11,700,000
254,364
accounts
obligation, $52,483;: accounts payable,
*$344,376; accrued
£91,'918/ ,gaaoline taxes- $78,994; reserve for contingencies,
Federal income and excess profits taxes. $1,211,713; notes
(par $D
-
$50,000,000
'
par)
8,795,880
and
obligations
SO. 19
$264,789
28, 1915
Payments
200,000 shs.
by guarantor.
4,820,400
SI
Zc
payable
profits tax,
credits—J*———
Consolidated
'
Cum.
Liabilities—Notes
25,630,611
1,758,229
6,067,537
18,221,940
Feb.
lease purchase
Liabilities—Notes
*2,250
:
3,195,020
28,046,697
-1,756,314
-4,250,000
notes
1,345,570
$0.18
A
—
Profit for
quantities
*19l,542y2 shs.
150,000 shs. U
Guarantor
23,749,793
2,188,213
$248, G26
1,345,570
profits taxes, $1,211,713; investments and
other assets
$320 573; property, plant and
equipment (after reserves for depreciation
depletion, etc., $5,963,518), $5,665,884; deferred
charges $298,904' or¬
ganization expenses, $38,225;
total, $9,439,565.
151,013
30,253,270
1.081,856
Sheet.
54,400
273,858
stock
S.
25,479,598
466,086
1,300,551
124,075
219,785
outstanding
common
interest, $3,393; inventories,
taxes, $78,994; cash reserved for
,
*9.581,000
•
27,580,611
1,010,810
18 987
excess
de¬
inventory price decline
*3,953,000
;
22,738,983
stock
accrued
Government
lie 752
:
1,307,196
and
25,020,505
30,118,444
$1,763,850
$1,893,598
stock...
common
com,
share of
Assets—Cash, $257,929;
U.
Feb. 29'44
$1,899,681
I
(estimated)..
gasoline
Prov. for possible future
Outstanding
5,253,000
24,423,969
Prov; for
$50,000,000
1948
€%• non-eum. pfd. stock (par $100)—
Common stock (par $100)
___•
26,391,516
State income taxes..
Subordinated debt:
6%
14,953,320
134,826
excess
on
per
1906^
p.
11,611
operating expenses-
earned
earned
Penn¬
Annuities
91,955
income...™.
income
on
The
121,
28/45
$1,796,115
—
Balance
adver.,
less
income
S.
U. S.
and
of
Granting
Feb.
Number of shares of
269;
office
Pa.—V.
Corp.—Earnings-
_____
other
taxes
Amount
$
exps.
the
and
Philadelphia,
charges
Amount
1942
$
income——
Interest
..
(Adjusted to Reflect Present Financing)
-
1943
$
at
Lives
on
royalties.™.
sales
of
Other
-—-Years Ending July 31
1944
Insurances
July 1, 1945, may at any time
the interest to maturity
on,
and
bonds
—_
Income
_____
profit
income,
Total
wholesale dlssystems exist, to
in
made
Co.
of,
their
Chestnut Streets,
revenue
gas
oL
e
and gen.
and
Cost
I—— 225,682,104 296,034,109 254,916,067 193,878,554
sold— 180,610,340 246,903,610 202,911,487 143,378,451
of goods
Other
countries.
Company and Subsidiaries:
Authorized
20-yr. 31/4% debs, due May 1, 19G5__ $30,000,000
.
TPflltTI
ductions
to
monopoly
are
of
&
Co., on May 4 announced
Shamokin, Sunbury & Lewisburg
of
Total
lowances, etc.
Selling,
■
made
are
Wood
$
States
'
Co.—
&
Jan. 31/45
produced
Scotch whiskey.
E.
Statement
6 Mos. End.
Gross
It is a wholly
Harold
Consolidated
on
Seagram's V.O. and Seagram's ; "83," Canadian
by
a
subsidiary
of
the guarantor in
Canada.
Another subsidiary of the company, pursuant to a contract acts as the
sole distributor in the United States of White Horse Scotch
whiskey
and also acts as the sole distributor In the United States of Watson's
whiskies
" 100,000
Witter
Dean
for
and
Reading
due
Quarter Ended—
Oil
"
400,000
500,000
500.000
100.000
Co
principal
surrender of
500,000
———
—
Wisconsin
15th
the
bonds
Shamrock Oil & Gas
'
,
of
1,500,000
Combined
Cost
of Distillers Corporation-Seagrams Ltd. and it now
through stock ownership all of the affiliated operating and
•sales companies in the United States.
Certain of the present subfiidiaries of the company were in the past direct subsidiaries of the
*
'
guarantor.
The company and its subsidiaries distill, blend and market, prin¬
cipally in the United States, various brands of whiskies and gins.
one
Co.
Co.„—
companies is carried on its books by
the consolidated balance sheet of
owners
5%
the
of
upon
Company
trustee,
300,009
100,000
&
E,
as
which
at
In
of
registered
payment
bonds
sylvania
(Joseph E. Seagram & Sons, Inc., and subsidiary companies)
subsidiary
addition
Stubbs
Co._
Kirkpatrick-Pettis
controls
In
&
___________
said
1,600,000
500,000
1,500,00.0
Co.—
and
such
Joseph
Sons,
President
and
Federal
H. Walker & Co.—
G.
Co., Inc.—
Kidder, Peabody &
2,
holding company.
Space
Inc.—
Brown,
mortgage
obtain
200,000
1,500,000
100,000
200,000
—
300,000
'
■
Blodget, Inc.
W.
holders
second
Miscellaneous
Spencer Trask & Co.—
Union Securities Corp.-
Johnston, Lemon & Co.
...
was
March
600,000
600,000
&
incorporated under the laws
1928, and is a holding com¬
pany which, in addition to the subsidiaries in the United
States^owned
through the company, has subsidiaries in Canada and Scotland.-V;''; '
of
&
Co.—
Johnson,
de¬
Indiana
150,000
The Illinois Company—
-
in
500,000
Son
&
& Weeks—
Hutton
admin,
'History
Noyes & Co.
Hilliard
&
RR.
Operating
Singer, Deane &
Scribner ———-
of
1945.
31,
of
companies,
amount
Shamokin, Sunbury & Lewisburg RR.—Redeems Bds.
R.
150,000
______——-—
250,000
J.. J.
published notice at following sinking fund redemption
prices: To and including May 1, 1949, at 103%; thereafter to and
including May 1, 1953, at 102% ; thereafter to and including May 1,
1957, at 101 ^2 % ; thereafter to and including May 1, 1961, at 101%;
thereafter to and including May 1,
1964, at 100%>%; thereafter at
100%; in each case with accrued interest to date of redemption.
Indenture provides for a sinking fund to retire, through purchase
or redemption, by May 1, 1948, and by each May 1 thereafter,
$2,250,-..
000 principal amount of debentures.
Sinking fund payments may be
anticipated at any time as provided in the indenture.
list
Co.
_1—^————
Hornblower
days'
to
%
Riter <fc Co.—
—Chas. W, Scranton &
Hawley, Shepard & Co.
$1,000,
Listing—Company has agreed to make application
bentures on the New York Stock Exchange.
1,600,000
250,000
&
Marache
stocks
Jan.
Seagram
that
100,000
300,000
250,000
Reinholdt & Gardner...
in
at
E.
equity
subsidiary
the net
Inc.,
and
subsidiary companies, this
excess is disposed of as follows:
Applied to write-off goodwill of sub¬
sidiary companies, $4,358,049; applied to reduce capital assets of a
subsidiary company, $191,164; added to paid-in surplus, $2,500; added
to earned surplus,
being the accumulated surplus of subsidiary com¬
panies since dates of acquisition, $4,989,437.—V. 161, p. 1887.
n
400,000
'Reynolds & Co.—;—
The
of
the books of the latter, exceeded
investment
Joseph
150,000
200,000
100,000
100,000
i-
its
600,000
Quail & Co
Hayden, Miller & Co.—
Hayden, Stone & Co.—
1945; due May 1, 1965.
Coupon debentures in denomination of $1,000, registerable as to principal, and fully registered
1,
May
Co.-
Putnam & Co
1,500,000
MacGregor,
—
Granbery,
parent organization. The issue has been oversubscribed.
Dated
<fc
Inc.
Northwest
Piper. Jaffray &
Hopwood
150,000
.
Co._a—
Phelps, Fenn & Co.—
1,500,000
First of Michigan Corp.
Ohio
Corporation-Seagrams Limited.
Sons, Inc., in the net assets
&
by
I $9,541,150
100,000
100,000
200,000
250,000
Paine, Webber, Jackson
& Curtis
———
First
Co.
&
750,000
Co.—
shown
&
Co.
&
.
group
Co.
Lynch
—
Nashville Securities Co.
Farwell, Chapman &
nationwide
Monell
Leonard
Moore.
400,000-
&
Corporation-Seagrams
Limited/including certain companies which were formerly
Joseph E. Seagram & Sons, Inc.
No companies are
any period during which they were not subsidiaries of
Seagram
1,500,000
300,000
250,000
150,000
Beane
Turben
Minsch,
2,500,000
of 83 underwriters headed
by Harriman Ripley & Co., Inc. on May 9 offered $50,000,000 20-year 3lA% debentures, due May 1, 1965 at
102% and accrued interest.
The debentures are also
fered—A
&
Merrill,
The Milwaukee Co
1,000,000
Dillon
Fenner
.
250,000
of Distillers
sheet of
for
Distillers
Pierce,
250,000
surplus
balance
Joseph E. Seagram & Sons, Inc.,
and
subsidiary companies, after giving
effect
to
the
transactions '
explained above, includes the accounts of Joseph E. Seagram & Sons,
Inc., and of all its subsidiary companies wholly owned, directly or
indirectly.
The related statement of profit and loss includes the *
accounts of
all U. S. subsidiary companies of Distillers
Corporation-
included
E. Masten
Lynch,
earned
subsidiary companies.
not subsidiaries of
300,000
400,000
Co.____:__
M. Marks &
—300,000
& Co
100,000
Mellon Securities Corp.
1,500,000
Securi-
Eastman,
&
Co.
A.
.500,000.
.
Corp.__%._—-—
Estabrook
.
consolidated
consolidated
Seagrams
Rhoades
—
Merrill
.
Drexel & Co
142,160 i
$0.35
400,00Q shares now out¬
on
Dominion
ties
M. Loeb,
Laurence
1,000,000
Co.t_—
&
Co
&
.
-
&
Bissell
McDonald
150,000
Republic Co.
Clark
W.
The
$1,396,196
1663.
p.
&
(Inc.)
1944
1945
-
Carl
500,000
Blair
Dillon, Read & Co. Inc.
*
--
charges and income taxes.
100,000
—
300,000
E.
,
standing.—V.
500,000
750,000
1,500,000
The Bankers Bond Co.,
Curtiss, House & Co,__
257,079
share-——.——$0.64
profit
framings per
•After
;;-V:v
-
-
•Net
250,000
Alex.
..
2,500,000
Meeds
Central
(R. B.) Semler, Inc.—Earnings—
Sales
Kuhn, Locb & Co.___
W. C. Langley & Co._
Lee Higginson Corp.—
Lehman Brothers-..—-
Loughridge & Co
taxes.—V.
the
on
Limited and
as
Laird,
Blyth & Co., Inc.——2,500,000
Bos worth, Chanute,
/.
$0.93
profits
excess
are
300,000
200,000
104,800
,
.
$0.86
—
Federal
and
1944
$95,581
$89,640
-^.4V
Ripley & Co._$4,250,000
William
1945
:
profit
the prin¬
and
underwriter
500,000
Inc.
Quarter Ended March 31-•Net
each
Allvn and Co. Inc.
C
A. G. Becker & Co. inc.
Brothers, Inc.—Earnings-
Shares
underwriters
by
Bacon, Whipple & Co.
Baker, Weeks & Harden
A.
1945—3 Mos,—1944
$75,642,317 $75,438,461 $238,545,436 $214,197,595 /;
_
—V.
Sales—
1945—Month—1944
the several
purchased
be
to
•The
Harriman
Sears, Roebuck & Co.—April
Period End, Apr. 30—
of
names
thereof
amount
follows;.
;
,
Monday, May 14, 1945
Southern Union Gas
The
$1
authorized
Mav
rant
1.
Northern
The
fractional
would
expire
Trust Co.
directors
common
stock,
In
10
mon
share;
Texas
shares
be
will
exercised/the
not
of
1.500.000
to
^offer
present
acted
stock
bv
unon
purchase
the
stockholders
warrants
and
shares, which would be mailed on or
aoDrox'matelv 30
davs after mailing.
Chicaeo is transfer agent for the common
also
declared
par
$1,
a
dividend
payable
Mav
of
25
10
t,0
cents ner
on
war¬
about
The
stock.
.on
of
the
record
dividends per com¬
o-^nth ok* share
Nov. 1. V. 161, p. 315.
page 2152)
Southeastern Gas Co. stock on
(Continued
share
stockholders
the company paid the following
cents in cash on Mav is and
19-14
10
and
ten
for
Mav
of
If
to
purchase one additional share of common at
shares held on May 10. Ross Byron. Viceon
Mav
9.
The
prooosnl
to
increase
the
to
for each
common
30.
scrip
June
1,000.000
announced
President.
on
from
riehts
share
per
Co.—Rights to Stockholders-—
May 8 voted to ineerase the number of authorized
on
shares
stockholders
reserve
longer required, was returned to the earned surplus account of
Distillers Corporation-Seagrams Limited.
These entries have no effect
directors
common
Volume
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4385
Stock and Bond Sales
DAILY
New York Stock
co>
WEEKLY
-
United States Government Securities
week.
furnish
we
a
the New York Stock Exchange
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds on the New York Stock Exchange during the current
Figures after decimal point represent one or more
May 5
Dally Eecord ef U. S. Bond Frteee
Treasury
May 7
<•
32d of
May I)
May 8
a
point.
May 10 ;
>
May 11
Ofeii,
[ High
1
ifts, 1947-52
tteuord
L
o<
Prices
tfond
v
{ Low
101
101
100.29
100.30
100.29
100.29
1965-70—
[Close
$1,000 units
Low
—J
Vis, 1966-71—
[Close
] Low
[Close
sales
Low
sales
in $1,000
—
—
(High
[High
Low
j
2y4S, 1952-55
sales
In
—
t
i-'srv'y
Total
in $1,000
.•
Low
2%S, 1945-47
[Close
Total
Total saleB in $1,000 units
[High
I Low
in
[Close
Low
[Close
—
sales
in $1,000
—
t
1948-50
in
sales
2s, Dec. 1948-50
\ Low
(Close
7
—
[Close
sales
in $1,000
units—;
(High
'
Low
[Close
Total sales In $1,000 units
,„■{ Low
Is, June, 1949-51—
(High
Total
'
sales
-J
IS,
[Close
LOW
in $1,000 units
Total sales
[Close
Total sales In $1,000 units
—
(High
114.19
(High
\ Low
Is, Dec.,
[Close
114.19
Total
sales in $1,000 units
2
Total sales In $1,000 units
[High
i'
2s,
(High
•!
1945
\ Low
1949-1951
114.19
[Close
2%S, 1960-65—
March,
Total sales in $1,000 units
2s,
(High
3
{ Low
1950-1952
Sept.,
[Close
j Low
Total
[Close
sales
In $1,000 units
[High
Total sales In $1,000 units
High
107.7
Low
107.7
Close
107.7
S%s, 1949-53
\ Low
2s, 1951-1953
[Close
Total sales
In
Total sales
in $1,000 Uhits
$1,000 units
2
units
(High
Low
[High
t
IKS, 1950-52
Close
low
[close
[High
2s,
(High
t
«%•, 1952-54—
June,
1952-54
103.5
] Low
Total sales In $1,000 units
*
103.5
[Close
low
Total sales
[Close
103.5
in $1,000 units
6
High
103.3
Low
103.3
'[Close
103.3
Total sales In $1,000 units
2s,
f High
t
S%S, 1956-58—
1952-54
Total sales
v7
In $1,000 units
7
•
.
—
Total
101.15
/High
101.13
101.14
sales
in
$1,000 units
l%s
101.15
101.13
101.14
101.15
101.13
101.14
10
Total sales In $1,000 units..
Total sales
in $1,000 units
5
5
101.3
101.5
(High
i Low
(Close
101.5
101.3
5
Home
1
[High
Low
Low
[Close
Total sales
in
$1,000 units
—
101
[Close
4
1%s, 1945-1947
101
(High
I
Loan
Owners
101.3
101.5
Total sales In $1,000 units—
2%s, Dec., .1964' 1969
>
/High
———{ Low
[Close
1948
"
Low
[Close
i
{ Low
[Close
[Close
Total sales In $1,000 units
1963-1968.
2
' I High
•
1953-55
2s
(High,
•( Low
l%s, 1962-67
Dec.,
Low
[Close
Total sales 1n $1,000 units
in
103.2
f High
1948-
Total sales
103.2
Low
[ Close
Total sales in $1,000 units
2%s, June, 1964- 1969
103.2
—
{
1950-1952.
Low
[Close
|%s,
•
(High
■{ Low
1949-1951
Sept.,
—„
[Close
in $1,000 units
—
f High
4
—
j Low
1
"
Total
■{
2%s, 1956-59
Total sales In $1,000
low
$1,000 units
Total sales In $1,000 units
IKl,
—
units
[High
2%s, 1951-54—
2%s,
"■
[ Close
Total
[High
.
.
Low
[Close
Total sales In $1,000 units
2%s, 1958-63—
.
$1,000 units
\
Is, March
■{
i
-
( Hign
[ High
2%s, 1948-51—
7.:V-7 ■'-'
1947
28.
Low
sales
/
—
| High
Total
[High
J
units
2%s 1956-59..
■■.V:'.777/7 7'7;;"7'
units
7
—
Low
(close
,
sales
[ High
[Close
Total sales In $1,000
—
(High
2y4S, 1954-56
Low
[Close
Total sales In $1,000 units—
——J
•
$1,000 units
(High
\
2%s, 1955-60
Low
[Close
Total
units
3s, 1951-55
—
...
units
[Close
Total sales In $1,000
103.23
,
—
[Close
Total
-I
Low
(High
| Low
«%s, 1951-53
2
103.23
103.23
units
[Close
Total sales In $1,000 units
3s, 1946-48
100.29
3
—
[Close
in $1,000
( High
■!
100.31
—
\
«
Total
Total sales In $1,000 units
3%s, 1949-52—
100.29
100.29
(High
2Vis, 1967-72
9
101.2
100.31
Low
Total sales in $1,000 units.
[High
100.30
1
3
(High
2
—
;
May 11
May 10
2 Vis
[Close
3%s, 1946-49
May 9
100.29
[High
\
May 8
101
Total sales In
Total sales In $1,000 units
May 7
r High
Total sales In 11,000 units
l%f, 1946-56.
May 5
Treasury
Low
[Close
;
Exchange
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of such sales in computing the range for the year.
NOTICE—-Cash and deferred datlTtry sales are
Below
2117
101
$1,000 units
♦Odd
5
-
lot
sales.
{Transaction
of
registered
bond.
NEW YORK STOCK RECORD
LOW AND
Saturday
May 5
$ per share
71
71
'*■111 v&
*63
112%
70
12%
*27 %
15 %
*
Monday
$ per share
71
71
*111%
1274
12%
27%
.28
15%
15%
*36%
37
28
28
27%
2774
27%
27%
15%
15
15%
14%
15%
14%
15
*36%
110
*107
7%
67 a
212
214
37
26%
46%
110
7%
212"
3V4
3%
3%
3%
3%
3%
46 %
46 %
45%
4874
46%
47%
63 %
64%
64%
66
63%
63%
32%
33
32
32%
31%
32 y«
105%
*103
*17%
162
*17%
31%
*102
106
*102
105
.
!
*36%
26%
45%
"107
6y8
212
37
*36
2674
26%
7
46
110
'
7%
213
3%
3%
44%
46%
*63
30%
*102
64
31%
105%
45
108
6%
212%
3%
44
*61%
29%
*102
37
26%
45%
108
7%
213
3%
63
30%
30%
17%
17%
17%
17%
17%
173/8
161%
162%
161 %
161%
158%
159%
is%
For footnotes see
31%
page
2127.
*17
31%
18
18
18
31%
31%
31%
774
45%
17%
200
1,200
40
213
.
*102
17'A
159
*17%
17%
*17V4
31%
31%
31%
307a
31,200
190
46,100
27,700
1,000
9,400
105%
17y4
1,500
159
2,400
18
240
4,500
31%
Co
Express
Adams-Millis Corp.:
Adams
8,100
3%
162%
r
45
63
17%
31%
7%
213
ACF-Brill Motors
Acme Steel Co..
18,200
1,900
5,700
110
4474
*107
44%
161%
*17
26%
3%
17%
32
26%
63
162%
1874
37
*36
45%
105%
4% preferred—,
Abraham & Straus..
70
70
*67
28
47%
674
70
15%
46
*212
112%
28
15%
47%
7
*68
Abbott Laboratories
400
70%
112%
Lowest
Par
Shares
.
,
Year
Range Since January 1
NEW YOEK STOCK
EXCHANGE
Sales for
the Week
13
46
214
70
*68%
*112
12%
26%
674
111%
70
12%
26%
*212
*68
70
*112
12%
26%
y4
111%
70
70%
$ per share
13
37
*104
*69
May 11 '
12%
26%
110
71
$ per share
Friday
1274
*36
*105
May 10
12%
*26%
47
Thursday
S per share
*111% 112%
*67
13
28
$ per share
*69%
112%
70
*68
Wednesday
May 9
May 8
Range for Previous
STOCKS
HIGH SALE FBICES
Tuesday
May 7
No par
100
No par
—.2.50
—-10
...1
No Par
Address-Mutigr Corp
.—10
Air Reduction Inc
—No par
Alabama & Vlcksburg Ry
-100
Alaska Juneau Gold Min„
10
Albany & Susquehanna RR
.100
Allegheny Corp—
1
5%% pf A with $30 war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp.
No par
Alleg & West Ry 6% gtd
—100
Allen Industries Inc..
—1
Allied Chemical & Dye
No par
Allied Kid Co
8
Allied Mills Co Inc
No par
Lowest
Highest
$ per share
$ per share
$ per share
1944
Highest
$ per
share
22
71
5
52% Feb
9
114
Feb
14
108% Nov
114
Jun
Jan
15
69
Apr
30
Jan
64
Dec
93/4 Jan
2
30
10%
Dec
25 % Apr
23
13% Apr
28% Apr
Dec
60
May
13% Mar 26
24
38% Apr
98% Jan
6
26% May
2
49
22
108
8% Aug
28
15% May
32% Jan
22 % Apr
39% Jan
47
64%
Jun
60% Jan
111% Apr
Apr
1
10%
Jan
14
18
26%
Jan
33
9
19%
Jan
24%
24
May 10
Feb
28
37 y4 May
75
Jan
5%
43
100
Dec
Oct
July
Dec
July
6 % Jan
2
8
173% Jan
22
213
2% Jan
24
34% Jan
56
Jan
22
49
23% Jan
36
Dec
23
68 V4 Mar
37
62
Dec
28% Jan 24
3474 Mar
24% Apr
29% July
70
91
Jan
11
13% Jan
2
91
153% Mar 26
1574 Jan
2
31
Mar 31
May
4% Mar
Apr
Mar
102% May
18% Apr 23
165 y4 Mar
6
124
Jan
2
9
Mar
Jan
Jan
9% Jan
141
203/4 May
3
Apr
13% Mar
34% Mar
1
29
Aug
7%
181
3%
Nov
Dec
Dec
15% Oct
157
Dec
16%
Feb
35% Mar
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2118
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
fcffnday
May 5
S
share
S per
May 8
May !>
28%
101%
49
49%
48 '%
*125
125
125
47%
*45
101%
*100'/a
101%
*100%
29%
29
*4%
30%
116V»
116%
30%
31%
30%
30%
30%
30%
1,800
59 Vs
58
58
57
57%
6,800
American
58
27%
5,700
58%
58%
59%
59%
27%
27%
27%
27 Va
23
75
74
74%
74
7.4
2,500
Am
45%
45
45 Va
131%
*131%
12%
12
30%
*116 Va
128%
128%
18%
18%
*18%
*104%
105 %
29%
*115%
117 Va
*115%
116%
129%
130
130
18%
18
18
20%
19%.
*18
19%
5%
19,500
13%
13%
13%
2,200
Amer
13%
13%
14
13%
13%
35%
34%
33%
32%
33%
33
3%
3%
3%
3%
104%
104 %
104%
104%
23%
23%
23%
99
99
42
23%
23%
22%
98
98
98
98
42%
42
42
43
43%
47%
80%
48
48
81%
*46
79%
81
8%
8
82 Va
10%
10%
10%
10%
8%
8%
8%
*8%
49%
49%
49%
*49%
34%
33%
34%
*47%
X78 Va
Tiling
80
10 Vs
10 Vs
2,800
Amer Internet Corp
9%
1,200
American
9%
49%
32 Vs
33%
9
49 Va
32%
190
32%
*49
14,400
■
-5%
1,100
preferred
23%
24%
23%
23%
11.400
Amer
Mach
&
Fdy Co
12%
12%
12%
12%
12%
2,300
Amer
Mach
&
Metais—
137
48
47%
47%
47%
47%
47%
29
29
29
29
6,300
138
*136
139
130
Metals
Amer
*136
29%
29%
6%
T
5%
5Vs
5
76
75
75%
73%
74
74%
$6
75%
4,900
76%
73%
76
67%
66 Vs
65%
66%
69%
66%
65%
68%
68%
$5
68%
67%
8,000
67%
15%
14%
15%
14%
15 Vs
15
14%
181%
14%
14%
14%
181%
181%
5%
181%
1£2%
5%
5%
5'%
5
li%
*180
182%
*180
182%
*180
182%
5
5%
15
182%
& Stand
Preferred
60
American
19%
19
19»/4
18%
18%
18%
18%
14,500
19 Vs
18 Vs
19%
19
19%
86%
86
86%
85%
86 Va
4% %
86
1,760
86%
86%
87
86
85%
86%
24
24%
*24%
25
24%
25
24%
2,100
23%
23
23
*22%
24%
23%
23%
23%
23%
23%
23%
*23%
23 Va
23%
23 Va
23%
35
35%
35
35
34%
34%
35%
35%
35%
34%
35
48%
48
49%
48%
49%
48%
47%
48
15,100
47%
47%
43
168 %
168 Va
168
290
'
35
47%
168
168
44
162
*159
168%
.*159
*159
162
168 Va
168%
44
*43 Va
44
VV 44
*43%
44
%
'
32%
33
21%
21%
21%
21%.
21%
22
32%
21 Va
1,100
-
28 %
28%
27%
27%
♦27%'
27%
600
Stove
49
48 %
.49 %
48
48%
*48 %
48%
2,800
American
*31
31 Vs
31%
*31
165 Va
165%
164%
165%
165%
165%
165%
73%
74%
74%
x74 %
74%
73%
73%
74
76
75
75 %
75
153%
153%
153%
133
32
153%
75
15
15%
15
15%
15
15%
15%
51%
51%
52
53%
52%
53 VA
52%
53%
*119 '%
120%
13%
13%
*119 Vs
13%
109%
6%
*72%
108%
109%
6%
10%
74%
109
.
.
'103%
6%
6%
72%
6%
6%
6%
72%
•*
*72%
V
34%
104 •/»
1,700
6 Va
6 Va
6 %
X71%
71%
70%
71%
*13
13
13
13
13
*4%
4%
111%
13
13
4%
4%
*4%
4%
*4%
4%
*4%
56%
56%
*56%
57
7%
8
7%
8%
7%
8%
112
112%
112%
112%
112%
112
112%
119
48%
14
116%
49
49%
48
49
:,
117
117
'
57
*13%
14%
49%
14
:
49
*117
117
117
117
56%
56%
56%
57
*4%
56Vs
56%
2
Jan
17% July
Jan
2
91% Feb
23
62%
Jan
77%
Dec
18% Jan
4
25% Apr
17
13%
Jan
18 Va
Sep
5
13%
Feb
19%
Dec
15
26 Va
Jan
37 '%
Dec
8
36 Vs
Jan
43% July
121%
121%
120
121%
*120
121%
116
116
116
*114
116
116%
*114%
*115
116%
24%
x24%
*45 Vs
53
*45 Vs
53
*45 Vs
53
*45%
53
*45 Vs
*107%
108
*107%
108
*107%
108
*107%
108
107 Va
94%
96
93%
113
*112%
113
112%
69
67 Vs
40
*39%
96%
.67%
68%
95
112%
68
68%
39%
39%
*38
39%
*77
80
*77
79%
78%
78%
79 Va
79%
34
34%
34
34%
34 Vs
3.4%
*110%
111%
111%
*110%
17%
16%
17
16%
111%
*110%
57%
57%
*57
57%
*57
57%
69%
68%
68%
68
68%
68
68%
*118
119%
119%
118
118
22
22
22
*22
14%
15
14%
14%
14%
14%
92
92
*92%
22%
23
22%
23%
6%
6 Va
92%
92%
22%
93
.
23
6Vi
6%
67%
*118
119%
*118
400
37%
7,300
Atlas
10
119%
300
22
21%
21%
13%
13%
*13%
14
3,600
89
90
*87
91
90
22%
21%
22
6%
22
6 Va
6Vs
Atlas
'
.8.000
Feb
56
Dec
111
Jan
132
Dec
34% Mar
31%
26% May
6
5
156
Jan
75
57%
Jan
75
30
3
156
Mar
17
139
July
152% July
Jan
16% Mar
1
8%
7
39%
Apr
121% Mar 15
116%
Apr
7
6%
Jan
8
15%
Jan
54% May
117% Jan 22
14
% Jan
23
99% Jan
11
Jan
2
8
9
May
Dec
July
56%
Apr
May
Jun
166%
Jan
8
77
Dec
Jun
49
120% July
16%
100
Aug
Nov
84%
Jan
11
6Vs
Jan
Jan
11
67 »/a
Jan
7% Feb
21
4
Jan
4
44
Feb
65
Dec
Jan
29 %
Dec
Dec
108% May
12% Jan
116
100 Va Mar 26
9%
107
*
5% Mar 27
Dec
Dec
6Vs "July
Aviation
18,800
Baldwin Loco
51,500
Baltimore
Corp
Apr
Jan
107 Va
2
85
Jan
119
35%
Apr
46%
9%
Feb
12% July
Mar
27
43 Vs Mar
26
11% Jan
2
10
Jail
Jan
20
Jan
3
12
31
30
22
33% Feb
100
Jan
48 Vs Jan
1
113
Dec
Feb
14
85%
Jan
113%
Nov
45% Jan
19
33
May
45%
Sep
98% Apr
113
75
May
.*
108'/a
Nov
53%
Jan
83%
Dec
82
Jan
106 Va
25%
Jan
55
Dec
25
Feb
38%
Nov
59%
Jun
76
Nov
24%
Jan
103'%
24
5
Mar 16
40% May
1
Jan;
■
Feb
7
2
36% Feb
15>
113% Jan
3
107%
Feb
14% Jan
22
17% Mar
7
11%
Jan
17%
Jan
23
53'%
Jan
57'/s
69% Apr
16
55% Feb
60
(
113
Jan
Jan
5
19
2
25
Dec
Jan
Jan
20
30% Jan
Jun
12%
8
Apr
74% Jan
110
80
58
118
52%
112
Mar 17
32% May
114
62
Apr
May
Dec
120%
V
20
14 Va May
Oct
Dec
Oct
Jun
Aug
Dec
18 Va Jan
6
Feb
2
10% Jan
par
22
15
May
7
7
Jan
13% May
2
95
Mar 24
66
Apr
84'% May
23% May
15%
77
—No par
Jan
24
7
14%
Dec
8
3%
Jan
5c
14% Jan
2
3
5% Jan
24
13
25 Vs Jan
22
30% Feb
19
100
*
19%
Jan
Jun
90
Apr
108 Va Mar 23
Jan
13%
Jan
8%
7
May
Dec
10
117
9
76% Jan
101
7
25% May
122
4
Mar
49% Apr 24
14
2
18
-Jan
126
14% May
113
100
25
of Del (The)
6% July
4%
74%
Feb
No par
1
Jun
30
111
-100
_5
.50
—No
Aug
57
Jan
14
1
.
Dec
4%
Jan
8% Jan
100
preferred
8
May
14'%
Jan
2Vs
115% Feb
106
Lines
9%
42
2
45
Co.*—
Autocar
92,600
57
Mar 26
6% Jan
•111
preferred—
6%
14
_100
100
—-_100
Nichols
21%
5% Feb
50
No par
6%
2
102% Mar 27
par
Line RR
*
6
4% Jan
100
pref series A
prior A
30
15% Mar
No par
Atlas Tack Corp
$5
44% Apr
4
i00
preferred
conv
30
2
—1
No
:
Powder
Austin
112% Apr
May
12% May
41
,..5
Refining
21%
6%
29
7
2
"
■
Dec
3
Mar
165% May
par
No
;
Corp
5%
-
25%
13 Va Mar 27
100
Santa Fe
I SS
W
conv
6%
100
Jan
56% Jan
142
2
5
Corp
;
non-cum
4%
1,080
16%
Jan
par
Goods
preferred————
Coast
&
5%
10
68
19% July
43% Mar 27
No par
preferred
Atlantic
12,800
57%
No
preferred
G
33%
16%
Dec
Jan
24
145% Jan
100
1
preferred
5%
111%
'
22
2d
Atlantic
200
79
28%
15
7
65% Jan
par
Dry
1st
5%
Atl
Dec
22% Jun
75
65
Dec
152 Va
28% Apr
12
29% Jan
2
157
Jan 31
21%
20
5
Co
Corp
Atch Topeka &
900
9,400
92%
92
/
*57
68%
15,800
67
3
Mar
Dec
45%
Nov
39% May
30
25
165 Va
Jan
146
Apr 25
33% Apr
46% Mar 26
100
TO
14
100
Assoc Investment Co.—i
40
108
14%
.23
13%
'
6%
16 Vs
57% V
67%
119%
*118
*21%
*118
22
32%
16%
..*57
58%
69
*75
*111
7%
"
112%
37%
33%
■
92%
66%
111
16
53
•
6
160
120% Jan
100
—
Constable
6%
100
115
111
79%
33Vs
16%
16%
16%
preferred
Associated
390
121%;
92
38
111
111%
*45
67%
*75%
34 Vs
33%
6,500
*107%
93 Vs
38
40
7%
14,200
*113%
111
66 Vs
13%
24%
121%
53
*110
112%
67 Va
13%
-24%
.»
107%
91%
95%
93%
*110
110
16
22% Jan
par
No
2
147
25
45% Mar
9
17% Jan
Apr
172
9
Feb
27 Va Jan
par
of Illinois
Co
Artloom
14
25%
122
&
13%
13%
24%
41 Va Apr
153
100
100"
$6 conv prior preferred-
13
13%
14
122
119
49% May
2
25
Feb
40
5
3
Mldl'd
Daniels
Armour
1,700
*118
P
Archer
600
28,900
23% May
15
Apr
40% Jan
Mining
W Paper Co Inc
Arnold
25%
122
4%
8
34 Va
12 Vs
6
13
100
56%
17% Jan
19 % Mar
164% Jan
Copper
Armstrong Cork
13%
6Vs
15% Jan
75
110% Apr
Andes
1,200
25%
*21%
25
100
Anderson, Clayton & Co
1,100
113
Aug
preferred ————No par
$4
3,600
A
180
24% Jan
8,300
14
*57%
Jan
184
-12.50
13%
24%
17
163
Hock Glass Corp
48%
23%
*110%
2
176
28% Julv
13%
13%
40
Jan
Dec
39
48%
14
68
Aug
Jan
13%
13%
95%
Dec
12%
Jan
48%
23%
112%
60%
Jan
20
13%
14
116%
66 Va
Feb
9
25
13%
7%
119
13%
*121
Feb
40
7
Mar 16
6
42
112%
8
112%
23
,
44%
20
15% May
Aug
9
Anchor
230
112%
Dec
20
Cable
&
48
.-49%
13%
*13
4%
7%
U2V4
8
7%
42
42%
13%
14
*111%
112 Vs
42
13%
3Vs
23
34
42%
Jun
Mar
33%
112 Vs
43
35 Va Apr
33 %
Vs
Oct
130
Jan
2
May
1
5% Apr 16
48
47
34
42
Dec
Feb
32
115%
138% Mar 22
6
Wire
*112
6
Mar
12% July
26
Feb
Copper Mining
Anaconda
42%
31
Jan
Feb
8%
20
6
Anaconda
670
112
9
38% Jan
46,700
43%
42
Dec
14%
7
14% Jan
50
34%
*42 Va
; "112
Feb
25% Feb
No par
33%
42%
43%
Dec
24 l/a
24%
34%
112 Vs
Dec
111%
34% May
42%
42%
28 Vs
Jan
72% May
33%
112 Vs
Feb
80 Va
2
44%
'
14%
2
23
34%
34%
24
29 Vs Jan
43
112
11
May
60% Jan
34 Vs
1,100
Jun
50
Jan
Jan
36% Apr
50
115
25
44%
34
46
Aug
72
preferred
$5 prior conv
34%
34
9V4
Jan
78 Va Feb
—
44%
34
Dec
BJb July
6 Vs
Mar 26
No par
33%
33%
79 %
7Vs Apr
11% Mar 27
—No par
34
v,
7
9% May 10
2
Elec„.
&
Wks
44%
.34
6
11% Mar
3
22
Woolen
43
*33%
89% Feb
3
21
Corp
Preferred
600
15
2
Amer Zinc Lead & Smelt
7,800
Jan
Jan
Jan
7% Jan
25
25
33%
42%
*117
103 Va
106
61
6% Jan
Oct
7% Aug
22
preferred
1st
Jan
30
Foundries Inc.
Water
American
4,400
Mar
4
22
preferred
$6
300
10%
65
8
11 Va Jan
No
44%
*42
112%
10%'
Am
30,900
13
107
107
10%
6%
6%
75
*72%
75
104
108
.
12%
13
109
10%
10%
10V4
107
108%.,
*107
109
*106%
Vi
10%
,-12%
13%
13%
13%
108 Vs
10%
5%
100.
5
10% Feb
Jan
B
Viscose
American
10,800
53
120%
*120
76%
81% May
9
Aug
Nov
46
2
Jan
preferred
Amer Type
15,500
15%
52%
53 Vs
120%
6%
760
155
15
class
Common
6%
Jan
39% Mar
54% Jan
Co—
34
33%
*43%
.
107
10%
53
4,000
13
5
26"
Tobacco—
American
2,000
75 Va
74%
154%
15%
*120
120
120
120%
13%
14
109
*107
»106y2 109
10%
10%
*119%
120%
75
155
15
15%
74%
Dec
3%
27
Jan
51
48% Apr
Telep & Teleg Co
Amer
40 Va
33
60% Jan
Sumatra Tobacco
Am
18,100
Dec
Apr
15
2
Preferred
500
165
73%
74%
154%
154
154
32
164%
154%
76
x76
76%
75%
154
132 Vs
133
132
132
99
*132
31%
165%
*73 Va
112
133
132 Vs
*31 Vs
165%
Apr
94%
2
Sugar Refining
133
25%
Jan
2% Jan
No
28%
American
28%
165%
1
108
—
43
*31%
Jan
Mar
70
non-cum
28%
*132%
3
Mar
Jun
102
Jan
15%
59
5
6% Feb
Jan
Dec
Mar
5% Mar
Oct
68
8
13
May
44
24
100
48%
133
*31%
17
May
99
.—No par
28%
32%
132%
20
1%
68% Jan
.
600
11%
Jan
25% Apr
Mar
5
Apr
23
Dec
41% Jan
.
47%
.
105
Jan
47
No par
28%
47
2 Vb Jan
38% Jan
8
9
4% Apr
20% Jan
91
20
36% May
Jan
96
preferred—----100
Amer 8teel Foundries—1
No par
American Stores
No par'
23,800
*20 V?
15% Feb
7
Jan
par
Building Co
47%
*28
«
31 %
20%
20%
21 %
21%
32%
31%
32%
32 V4
33
32%
33%
32%
162
*159
162
*159
162
Aug
14
—No par
No par
No par
No par
Smelting & Refg
6%
5% May
26
preferred—
American Snuff
162
*159
Dec
4%
Mar 29
—100
Preferred
800
43%
43%
43%
43%
.44
167%
169 Va
168
169 %
„
Amer
2
27
Safety Razor—
18.50
Seating Co
—No par
Araer Ship
1.660
36 %
27
24
_
conv
American
400
23
Sep
2% Mar
36 V2 Feb
24% Jan
Rolling Mill
American
Dec
107%
21%
24
130% Jan
No
San'y
Aug
Feb
16
Apr
Nov
15
20%
101%
15
100
Co
Light—
preferred
preferred
Rad
Am
124,200
Dec
Mar
10 %
109% Jan
No par
—
News
Power &
Amer
Jan
108%
May 10
5
10% Jan
—No par
Ltd
Co
preferred
American
370
47
47
47%
99%
19
par
—No
25
12%
137
42% July
Jan
3% Jan
par
—
24%
30
Apr
68%
21
100
..No
12%
137
33 Vs
1
3
1
Locomotive
25
28%
170%
18
22
par
of 111
Co
12%
*136
Nov
25
Mar
107
30% Jan
preferred—-.——-50
conv
7%
77
5
Invest
American
113%
113
113
113
113%
113
9%
9%
49%
34
20
106% Feb
100
—No pot
preferred
80
10%
28,900
76%
No
Ice—;
6% non-cum
79
10%
49%
33%
113%
Products
Home
79
9
*49%
•
300
183 Va
Apr
46% Apr
195
5
Jan
13% Jan
—10
1
50
—1
Leather
&
preferred
10%
10%
9
Hide
conv
American
5,300
7%
7%
7%
7%
8%
95% July
131 Vs
82 Va
*80
Mar
18 Va Jan
No par
1
No par
preferred
—No par
2d preferred A„,
.—No par
preferred—\.—No par
American
May
82
Feb
American
1,200
8
17
112% Mar
—10
10
-100
20
1
American Hawaiian SS Co
79
12
130
24%
137
*136
48
78%
49%
113%
28%
28
137
*136
78%
13% Jan
10
9
12%
12%
12%
28%
12%
28%
80 %
Oct
99% Apr
39
—No par
25%
24*%
24%
79%
Sep
July
14
183% Jan
European Sees
6%
133
27% July
6,200
800
Apr
115.% July
1,000
48%
126 Va
Jan
6
48%
7%
$6
8
Nov
43
5%
48%
34%
34
114
114
115
24%
*42%
5%
*47 %
10%
10%
8%
*113
42%
6
48
8Vs
49%
34%
42%
6
82%
82%
$7
99
*97%
80 V*
8
8%
*80
98%
48
48
*79%
82%
8%
*80
*97%
6
$7
300
23%
23
48
6 Vs
6
6
5%
1,400
10,300
104
104
23 Va
Jan
135
20
89% Feb
Export Lines Inc
Amer & Foreign Power
5.300
3%
3%
3%
104
22%
24
99
42
6
5%
*102%
23%
*98
42
104
104
105
3%
3%
3%
3%
3%
104%
5%
5%
5'%
5%
Jun
46
11% Mar 26
American
32%
34%
6,900
34
36%
35%
34 »%
19%
Jan
23
Encaustic
American
5%
5'%
5%
5%
Jan
37%
107
preferred—
Co stamped
1st
14%
Dec
7%
17
1
Distilling
4%
72 Va
7
47% Feb
27
*105%
14 Va
Jan
21% Mar
31V* Mar
19%
4%
75% May 10
24
119% Apr
Crystal Sugar
14%
60
2
30
3
American
4%
34
23 Vs July
-
8
2,500
*14%
Apr
2
19%
32%
Dec
16
59% May
Jan
19%
32
33%
Jan
Dec
May
40
32% Apr 25
24
Jan
Colortype Co
6%
31%
45 Va
26
8
28% May 11
24
16% Jan
100
Chicle.—
Amer
110% July
preferred—,——100
conv
10
Jan
Jan
American
6,100
Mar
27
American
32%
82
96
400
106
Nov
28 Va
20
110
540
32
Dec
42%
21
Dec
par
No
Inc
Cable
&
18%
130
4%
Feb
:
Jan
.
Jan
2
24%
Feb
49
126
July
118
Apr
20% Jan
100
105 Vs
*104
106
32%
33%
33%
33%
*105%
106
*105%
106
5%
10
117%
130
2
2
Dec
July
40% July
69 % Jan
par
preferred-
non-cum
Chain
Am
43% Jan
share
103
Apr
17%
42 % Jan
1
25
No
*17%
19%
19 Va
19%
1%
3,300
1
Feb
Fdy
&
5% Mar
130
—„
Car
6
Mar 21
Can
Preferred
American
1,000
30
29%
129%
18%
105
29%
116%
18%
4,800
105
105 Vs
*104
American
150
43%
8
x41
& Radio Corp
Cable
8
29 Va May
—.—100
—
105
125% May
No par
Co
preferred
Apr
19
28
50
1
Corp:
8
33 Vs
107% Jan
V
par
,
Bosch
Brake Shoe
Amer
3,400
96%
192 Va
43 '/a
30 %
30
129%
19
33 %
34%
45
30%
28.600
96
44%
43%
11%
preferred
5 % %
20
192
97%
192
192
44%
131%
11%
11%
96%
98
193 %
44%
106
129
128%
*105%
11%
98
131%
132
*116%- 117%
118
19%
20%
106
12
193%
30 Va
30%
30%
118%
128%
11%
193%
44%
106
106 Vs
106 Vs
*131%
98
192%
45%
45
45%
107
132
12 Vs
97
98%
195
44%
43
*131%
132
11%
98 %
19%
43%
43%
6%
49% May
3% Jan
—
American
45%
*193 Va
106
4,900
45%
98
30%
570
19%
19%
194
*117
75%
19%
20%
98
45%
28%
75%
19'/a
20%
194
*105%
23
75 %
19
20%
131%
12%
12 %
28%
75%
20
44%
132%
*131%
27%
75
20%
46
45%
28%
Jan
28% May
Jan
23
Agricultural Chemical_No par
Airlines (new)
—5
American Bank Note
10
74%
-
r
96 %
22%
Jan
2
38Vs Jan
Amer
31%
No
Corp
Petroleum
Amerada
2,000
117
118%
*74
20%
*115%
100
5
14 Va
24
20
113 Va Jan
1
50
Amalgam Leather Co Inc
6% conv preferred
1,000
45
*43%
116
116
45
,
*27
20%
*42%
4%
4%
4%
4%
44%
2,400
31%
118
120%
59%
58%
4%
44%
4%
45
800
28
Highest
$ per
$ per share
102% Mar 26
20 Vb Jan
1944
Lowest
$ per share
share
100% Feb
No par
5% preferred—
.—100
Allis-Chalmers Mfg
No par
4% conv preferred
100
Alpha Portland Cem
No par
Allied Stores Corp
100
121
27%
28%
27%
29%
47
121
122
122
124
*122
48%
47'%
49%
48%
49%
125%
*4%
30%
31%
31
9,600
101%
101%
*44
119%
120
120
47%
26%
29%
45
*43
12,800
26%
48%
4%
4%
4%
4%
26%
101%
25%
$ per
Par
•
;
Year
1
Highest
Lowest
V
■
share
27%
Range Since January
STOCK
EXCHANGE
Sharet
$ per
share
26%
124
29
28
27%
27%
*101%
the Week
27%
27%
28%
101%
49 %
125%
*101%
28
*101 */2
share
per
27%
t per
share
S per
share
I per
May 11
May 10
Sales
YORK
NEW
for
Friday
Thursday
Wednesday
May 7
Saturday
Tuesday
11% Jan
22
18% Apr
28 V
£% Jan
9%
Jan
9%
6% Feb
6
Nov
Dec
B
28%
29
28%
29%
28%
29 Vs
28%
29
28
28%
28
28%
17%
18 Vs
17%
18 %
17%
17%
16%
17%
15%
16%
16%
17'%
31 Vs
31%
30%
31%
30%
31%
30
31
29
30
29%
30%
22,400
16%
16%
16%
17
17
17%
16%
3
16%
17%
17
17'%
3%00
75
75
75
75%
74
76%
,
7%
43%
44
43 Vs
43%
42%
43
41%
31
30
30
3o*a
OU%
2 a Va
2
J va
75%
41
40%
41
.
28%
29
*28%
29
*53
960
77%
39%
42%
31
77
53%
77
77%
77
,
7,400
1,000
100
53
52%
52%
*52%
53%
*52%
53%
*52%
53%
23%
23%
23%
23%
22%
23%
22%
22%
21%
22'%
21%
22
11,300
19
19%
18%
19 Vs
18%
19
18%
19
18%
19
18%
19
8,400
38%
38%
39
39
39
39
*52%
41%
42
*41%
*108%
108%
*108%
109
10%
10%
10%
•
40:
*112
For
42
10%
40
40
40
115
•112
115
footnotes
see
page
2127.
10%
*38%
*112
38%
10 Va
39%
115
*38%
38%
41V4
41%
109"-
108%
108'%
10%
10%
10%
10%
39%
41%
39%
*112
.
39%
115
*38%
*112
115
39
preferred
—
.
Conv
Asphalt Corp
Barnsdall
1,100
Bayuk
Beatrice
66
Mar
30% Jan
*
*■'
60
Dec
Jan'
14%
Dec
Jan
68 Va
27
77% May
9
2
44% May
4
21%
Apr
23%
May
4
12
Jan
18
-
Dec
Dec
July
3
9
54
Apr 30
Co_
5
16% Jan
2
25
Feb
Works Corp
1
18 Va Jan
22
22% Mar
7
14% Aug
19%
No
par
32% Jan
19
39
7
25%
Feb
34% Nov
25
36
Jan
23
42
5
31
Jan
38
No
;
108
Jan
4
110
111
par
Inc
Cigars
Creamery
41%
1,000
20
10%
10%
4,800
Beech
Aircraft
*38%
40 Va
120
Beech
Creek
—!
Beech-Nut Packing Co
'
28
Apr
50% Jan
108 Va
115
28
18
,17% Jan
Oil
Iron
33 Vs Apr
24
Dec
50
preferred.
5Vi%
31
12% Jan
Dec :
13%
23%
.
No par
Brothers
Barker
19% Jan
-
26%
Apr
18
31
*108%
*113%
100
50
100
10
js
Aroostook
5%
preferred,
&
Barber
Bath
Works ▼ t C
Ohio
41%
41%
*109%
42
*lfi»%
41%
38%
38%
4%
Bangor
■
&
$4.25 preferred
Corp
RR
-
-
1
9% Apr
50
36
20
114
Mar
Jan
25
May
May
Jan
14% Jan
28
'
—
14%" Sep
v
18% Mar
Dec
Dec
Oct
11
105%
Jun
2
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
Nov
17
40
Apr
18
20
118
Jan
3
31
111%
*
Volume
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4385
$ per share
May 8
$ per
13%
$ per
share
*13%
13%
13%
PRICES
STOCKS
Wednesday
May 9
Tuesday
May 7
May 5
13%
HIGH SALE
AND
LOW
Monday
Saturday
Thursday
13 s/3
$ per
13%
135/B
13%
share
'
$ per share
133/4
13%
NEW YORK STOCK
EXCHANGE
Shares
13%
2,400
53,100
Bel.ding-Heminway
13% May 1
163/a May.10
lOVs
Jan
2
10%
Apr
153/4
Jan
553/8 Mar
33 Va
Jan
49%
Dec
par
19% Jan
12
25
May
17
Jan
20%
Dec
Pr pfd $2,50 div series '38_No par
54% Feb
8
56
May
533/4 NOV
56%
Jan
20%
July
15
16
15%
16%'
15%
16%
51%
51
52
51
51 %
50 3/4
51
5,900
Bendix
24%
25
24%
25
243%
25
25
25
243/4
25
24%
243/4
4,600
Beneficial
*55%
56
*55%
56
*55%
56
*55 %
25%
26
23%
26
19%
19%
79%
"144
X26
26%
19%
80%
19%
■
80%
79%
148
*144
26%
19%
26
19
145%
77%
58 %
58%
59
58
26%
26%
'*26%
26%
26%
263/a
15%
15%
15%
15
15%
*22%
23
*21
111
58%
23
23
*21%
21%
111
19
19%
57%
57%
96
96
96%
.
21%
*110%
111
56
1
*22%
•
21%
*110V8
*57%
58
8,600
75%
76%
21,000
1423/4
1423/4
500
57%
57%
57
57
25%
253/4
25%
26
'14%
145/a
14%
14%
22
223/4
*205/b
21
190
111
*110%
111
10
185/8
20%
18%
18%
193/a
18%
19
*57
57%
57
57
55%
55%
96%
96
96
55%
183%
19%
,96%
95
96%
96%
55
55%
56%
57
57%
56%
57
55
55
54%
54%
53
53 %
*125
133
*120
*121
133
Blaw-Knox
200
20%
*110%
23
54%
134
*213/4
21
111
*
54%
4126
22
20 %
*22%
21%
193/8
96
96
55
55
52
52%
523/4
*120
130
130
*120
Bohn
350
57%
270
Co
Aluminum &
Class
Bond
130
B—...
4%%
.
37%
38
37%
37%
37%
38
37%
375/8
373/4
38%
5,300
Borden
43%
43%
44
43%
44%
423/4
43%
42
42%
42%
43%
9,100
Borg-Warner
7
6%
6%
6%
6%
6
50
*49%
49%
49%
4934
49
20%
21
20%
21
20%
20%
*50%
55
*50%
*51
55
6
48
48
20%
19%
19%
19%
51%
50%
50%
*50%
6%
Xl93/4
55
6
6
49
*50%
6
12%
12%
12%
123/4
12%
12%
12%
123/4
12%
12%
42%
42
433/4
42%
43%
41%
42%
40 5/8
41%
40 3%
44%
*43%
51
12%
'
43
V
54%
y
*43%
445/8
*42%
44%
*43%
44%
43
*53%
543/8
54%
54%
54%
54%
54%
*54
31%
32%
31%
31%
31
313/8
293/4
30%
29%
30
48%
48%
*48%
49%
*49
49%
49%
49%
49 %
49% /
32
49%
*48%
29
29
15%
28%
15%
29%
16
125
■
283/4
15%
163/8
*124
*124
125
*42%
/
29
54%
27%
16%
15%
125
124
.
28
27%
%
16
15%
124
*124%
27%
27%
155/a
153/8
-124%
-
;
12%
1234
12%
13%
13
13%
13%
135/s
13
133/a
13%
85
86
8434
86
85%
86%
843/8
84%
84%
/',%
85
16%
16
16%
16
16%
153/4
16%
15%
15%
15%
15% y
25
25
25
25
25%
243/,
25
24%
243/4
25%
26
24%
24%
24%
24%
24
24%
24%
243/a
233/4
24
23%
23%
58%
58 34
58%
583A
58%
59
58
58%
57
58%
*57%
573/4
24
24%
23%
24
23%
24
23%
23%
22%
22%
22%
23%
110%
*110%
*24%
*110%
110%
110%
"110%
110%
*110%
110%
>110%
15%
16%
16%
163/4
16%
165/o
16%
8%
7%
8%
8%
8%
8%
8%
*80%
81%
*80%
62%
63%
63%
18%
19 5/8
19
9
8%
*78%
80
80%
83
*80
82%
82-
82
*63%
64
64
64
64
64
63%
64
17%
17%
183/a
18%
19%
19%
19%
1063/4
106 34
17%
*106
107
3%
153/4
8%
/
*106
107
107
107
*106%
111
v
Bulova
33/8
3s/8
33/8
3%
3%
3%
3%
3%
,
183/4
18%
18%
17%
18
17%
173/4
17%
18
/
12%
Jun
19 3/s Nov
49% Jan "2
61% Mar
45
Jan
52%
Jun
95
114
93
93
92%
93%
93
93%
93
93%
93
93%
93
93
'
26
26
253/4
26
25%
25%
26%
26%
25%
26
253/4
26
1,700
32%
33
33
33%
32%
33
32%
32%
32
32%
313/4
32
2,800
56
*55
56
55
55
12
88%-.Apr
98
Dec
8
46%
Jan
55%
Sep
55
May
7
33%
Jan
48
130
May
3
109% May
283/4 Jan
117
,57% May
3
2
38% May 11
5
44% May
8
1% Jan
34%
Sep
Oct
34 »/8
Jan
Dec
41% July
7% July
5% Apr
5
9
3%
Jan
24
x50
Mar
8
37%
Jan
45
9
21
May
5
123%
Jan
21% Aug
15
17%.Mar
..
51
Apr
12
10% Mar 27
13
Apr
30
37% Mar 27
43% May
47
Jan
40% Mar 27
47
49% Jan
Feb
Jan
123/4 July
27
Jan
44 3/a
20
Feb
40%
8%
39
Jan
40%
Jan
53%
143/a
Jan
39 3%
Jan
22% July
49 % Dec
par
2
55% Apr 24
32% May 7
45
•
Jan
'Jan
8
50
17
Jan
2
24
163/8 Apr
12% Mar 27
Mar
29% Apr
23% Jan 25
120
24
1-25
22
Oct
7
21
y
par
Jan
53
Oct
Aug
50
July
Oct
17%
Jan
25%
Dec
8%
Jan
14
Dec
Jan
129
Dec
116
5
1
2
14
May 11
5%
Jan
12% July
2
86% May 9
16% Apr 30
273/4 Feb 19
47%
Jan
77%
Dec
10
par
10% Jan
14% Jan
,
No par
No
Apr
Oct
42% Jan
•
5
■
99
19
Jan
36 % Apr
-No par
*.
Feb
33'% Jan
.
___.5
—No par
No
-
52% Apr,
3
433/e Mar 27
,
-
.—No par
—No par
7%
Apr
11%
Jun
Jan
22%
Jan
2
3
17
—No
par
22
24% May
16%
Dec
47% Jan
24
61
Mar
31
Sep
May
20%
par
493/a
Dec
203/s Apr
6
24% May
111% Jan
107
*Apr
!—l
Co...
Watch..
1—
Terminal.^
* Mar
13% Jan
27
78
100
14% Jan
——100
83
26
3%-Jan
15
Participating preferred—:
100
Byrpn Jackson Co—
No par
Jan
20 %
Jan
83
Dec
Apr
70%
Dec
8%
,
Mar
Jan
15%
Dec
"2%
12
Dec
~3% July
Apr
Apr
17%
Dec
Jan
96
Dee
20
26% Feb 21
Va
67%
6
101% Feb 28
92 'Jan 22
22% Mar 26
Jun
9%
43 %
4% Feb 23
2
22
Dec
153/8
Jan
54
May
19% May
109
Mar
6
llT3/8
Jan
12%
72% Jan
106Vi May 11
fi
No par
;
Feb
Dec
4
May
9 s/8 Jan
59% Mar 27
10
1
16 3/i
2
7 % Mar 28
100
preferred
Butte
450
110
,
1
preferred
4%% preferred..
Copper & Zine.
Byers Co (A M)_
5,300
35/8
3%
Dec
20% Jan
2.50
15
Co.
Bush Term Bldg 7%
Butler Bros
1,900
18%
Dec
20
——No
6%
60
19% y
12,100
106% ' yyy500
22%
109
22 Va Jan
l83/4 Jan
Bush
4,700
290 <
Jan
14 % Mar
May
Burlington Mills Corp (new)—.—1
6% preferred ^
-...
..100
Burroughs Adding Mach—-No par
100,700
81%.
16
Oct
93 Va Mar
22% Mar
111
Dec
17% Apr 24
__5
•
Forge Co
14
23% Mar
18% Jan 23
»
'
./
y
63%
106%
107
Bullard
18%
35/8
Jan
par
No
Wheels
1,000
18
-
Budd
Buffalo
10,900
,
7%
(assented) .100
$5 preferred
4,800
16%
8%
15
8%
118,200
13,800
■
15% Feb
25 % Aug
15
Dec
20% Jan 26
preferred
—100
Budd (E G) Mfg——...——No par
1,800
*110%
14%
15
-
51%
Jan
7%
2,860
m
Feb
16%
.
par
___1
Airways Inc..
Bucyrus-Erie
30
14
85%
Corp....
Bruns-Balke-Collender
2,200
37%
-.
lo
Brown Shoe Co..
11,600
125
83
16
300
27% %
15%
125
100
300
01% May
273/4 Mar
66% July
130
xl08% Mar 26
NO
Bridgeport Brass Co
Briggs Manufacturing
Briggs & stratton—
Bristol-Myers Co...
Brooklyn Union Gas...
6,200
Peb
.5
Brewing Corp. of America.
8,300
20,200
54%
32
:
•100
41%
,
Branlff
Jan
1153/b
100
.
& Maine RR
56 %
145% May
13% Jari 22
.-100
(The)
813/4 May
2
48 t Jan 23
"23
Jan
2
Bower Roller Bearing Co——.5
15,600
44%
*53%
*124
700
20%..
123/fl
41%
Boston
1,300
48%
*47%
Co
2
Jan
„
par
No
—...
preferred
37%
Jan
Jan
.5
Inc^—
Stores
43
7
-.5
15%
July
65
par
Brass
Bon Ami Go class A*
1,600
37%
50
No
X26% May
19% May
13
127
,
No par
.»—
15
23% May 10
" 17
Jan 22
-L.No par
..
2,200
*51
,—1
.(
...
Bliss & LaughlinTnc—
Bloomingdale Brothers
i-No
Blumenthal & Co preferred
Boeing Airplane Co.
;
20,500
55 %
*55
(new)
—No
Bigelpw-Sanf Carp Hie,
Black & Decker Mfg Co
1,900
*110%
23
111
Loan
Foods. ——,~U
Bethlehem Steel (Dei)..
—No par
1% preferred.-—
100
600
-
Indus
,
■
:
Best
'
12,400
54%
4
18'%
78
143
Corp
Aviation
Best & Co
1,900
753/8
57%
18%
24%
253/4
15%
143/4
■'
24%
l83/4
59
253/4
15%
-
Bell Aircraft
56
142 %
79
1443/4
*142
145%
18%
18%
18 5/8
80
79
146%
24%
18%
Highest
$ per share
6
14%
51%
26
1944
12% May
133%
52%
l2J/8Jan
$ per share
47% Jan
13% -14%
51%
.56%
-No par
Year
$ per share
$ per share
,
Lowest
5
14%
52%
*55%
Par
.
14
56 V4
Range Since January 1
Lowest
Highest
■
.
52
*55%
Range for Previous
Sales for
the Week
Friday
May II
May 10
$ per share
share
2119
Apr
25
Sep
30% July
57
Nov
Z:y-z:yyc '''Zyy;y':::yyyz/z:y;y,;';
*55
1%
13/a
6%
1%
6% Z
6
*55
56
1%
56
*55
1%
1%
*55
55%
1%
l5/a
6%
6%
y-r
1%
•
6 3%
6%
6 5/s
6 3/4
6%
63/4
24%
24%
24%
24%
24%
23% ./;24Z:/
22%
23%
23%
23%
4,200
36%
36 5%
36%
36%
36
363/fl
36
34
35
35
35
2,600
*116%
117%
*116
117
*116
117
*116
117
49
49
*49
13%
143/a
133/a
50%
13%
50%
50%
50
50 ift,'
7
117%
*116
117%
51
51
*51%
523%
51
51%
13%
14
13%
13%
13%
14%
116
49% '.'SO/i,": .y.y,,
14
*13%
50%
13%
•
*54
130%
55
*54%
50%
14%
50
'
50
13%
13%
13
36%
12%
5434
130
129%
129%
130%
1293/4
37%
37
37
37%
37%
37
37%
36s/a
29%
30
29%
29%
28%
293/B
27%
72%
73
74
74
72%
72%
70%
72%
*73
.
6%
6%
6%
63%
*63/4
6%
6%
63/4
6%
43%
433/4
423/8
43%
423/4
44%
42%
44%
41 3/4
171
171
171
171
171
t
59%
59%
'58%
59%
50%
50 5/8
50%
503%
107%
*106 5/8
107%
107
144
145
144
144
50%
593/4
-
51
172%
56%
57%
10,000
50
47%
48%
6,100
*106%
145
106%
106%
106%
106%:-
145
145
145
145
145
290
17%
18
20%
20%
20%
20%
20%
20%
20%
20%
22
21%
22
213%
22
22%
22%
5%
*112%
6%
*112%
114
*112%
13%
13%
*26%
273/4
133/4
24
34
*1113/4
*20%
203/4
23
5%
114
*1125/8
22%
780
5%
.
114
5%
*112%
53/4
113'%
12%
13
13
13
27%
27%
27%
27%
*27
11%
12%
11%
27%
27%
.
13%
13%
13%
14%
*13%
14%
13%
13%
34
34%
333/4
34%
33%
333/4
33%
34
Va
8,000
11%
11%
11%
11
10%
10 %
173,100
151
152%
*1113%
v
53%
152%
52%
233%
24
343/s
34
112
152
24
333/4
34%
103/4
113/8
152%
153%
X23
10%
152
153
*22 3/4
23%
32%
33%
33%
1,600
112
112
112
112%
112%
54
53
53
49%
51%
47%
*112
112
112%
49
*49%
6%
;
Mfg
153/4
153%
16
1534
153/4
15%
155/8
*15%
153/a
*15%
15%
51%
51%
51%
513/4
50%
51%
50%
503/4
50%
50 3/8
25,700
75/8
7%
73/4
7%
73/8
7%
7%
7%
6,000
Chic & East 111 RR Co
:
183%
18%
173/4
18%
18%
V'"': 9 5/a
10
183%
18%
9%
9%
9%
30%
293/4
29%
30%
29%
18%
9%
30
18
8%
18%
17%
■18
93/8
8%
9
■;/'/;
y'y 8%
36
37%
35 %
36%
353/8
36%
68%
66%
68%
65%
67
65%
65%
22
22%
22%
22%
223/4
223/4
22%
22%
22%
22%
22
22
26
25%
26%
25
253/4
25
25%
26
253%
26
29%
»
~
26
*53
54%
54%
*53
54%
52%
52%
51
51
*56%
57 %
56%
56%
*56
563/4
543/4
55%
55
55
55
17%
17%
17%
*17%
17%
173/4
173/4
17%
17%
18
18
17%
17%
17%
17%
17%
17%
17%
17%
17%
*17
*7
*32
7%
63%
33%
t
*31%
6%
33
63%
31%
7
31%
115%
115%
114
116
1133/4
115%
213/4
21%
22
22
22%
22%
41%
41%
41%
41%
*403/a
*101%
1013%
1013%
1013%
101 %
41
101%
13%
13%
13%
133%
13%
13%
58%
58%
*57%
59%
*58%
59%
63/4
32%
111%
22
40%
*101
*17
7
6 34
32%
*32
3,400
111%
23,100
21%
21%
1,700
40%
40
40%
40%
480
1013/4
101
13
13%
13
13
573/4
583/4
55
57
*186
196
*186
196
*186
196
"101
101
*101
105
*100
101%
50
110%
50
110%
50%
108%
109
♦108%
110
*108%
110
*98%
100
*98%
100
*98%
100
*983/4
100
*56%
60
*56 5/s
60
*56%
393%
60
*108%
110%
39%
39%
39%
39%
44%
*145
44%
43%
44
140
*64%
*146
149
149
141
149
141
141
*140
-
64%
63 3%
*1000
35%
*104
40%
*27%
35%
40%
*111%
28
35%
35%
36
31%
33%
*30 3%
see
64%
*1000
36%
36%
104%
104%
40
40%
113
*111%
42%
*147
139
64%
35%
*104
49
110%
50
*186
196
*101
110%
50
*108%
*983/4
100
60
*56 3/4
38%
39%
38%
38%
3,400
42%
42 3/i
42
42%
3,500
149%
*147
149%
43%
149%
140
64%
*147
137%
64
138
64%
36
104%
35%
*104
41
40%
41
39%
113
*111%
*63%
353/4
35%
104%
105
393/4
41
*111%
26%
25%
35
35
33%
34%
34%
33
34
32%
33
32 3/4
*30
64% v
353/4
353/4
31%
20
137% '
104%
40
31%
26
27% Jun
33%
Dee
30
18 3/a
22%
Dee
x61% Jan
15
l
7
19
tChilds
Cotton
1,600
120
25%
*30%
113%
25 3%
35
c33%
31%
2,600
y
70
146
Jan
129% Nov
20 % Apr
5
par
.
4% Jan
2
109% Jan 16
l05/s Apr 13
25
* Mar 26
10% Jan 22
,
'
,
33
Jan
24
1
7
Jan
2
129
par
Jan
8
21% Mar 28
No par
100
28% Jan
3
xlll% Mar 13
5
5
25
—No
41
Jan
14% Jan
3
5
47% Mar 27
6 % Mar 26
*
4%
4%
&
Southern
non-cum
non-cum
1st
14
115% Feb
23
14% Jan
12
Jan
18
30
14% May 9
38% Feb 23
11% May
8
28
20% Jan
2
Jan
2
Jan
2
9% Jan 27
49
Jan
2
170
Feb 20
89
Jan 26
1093,4 Jan
2
44
Jan 22
107% Jan 24
93% ,Jan
3
53% Jan 17
34% Jan
2
35% Jan
5
30%
Feb
37%
4%
Apr
9
Jun
57
12%
Dec
Jan
Dee
Dec
17%
114% July
483/4 July
27%
Jan
May
11
Feb
14%
Deo
54% Mar
44
Apr
50%
Dee
54
May
16
7
53/4
Sep
11% Jan
4% Jan
May
18
Jan
9V« Mar
18% Mar
7% Mar
253/8 Mar
21%
Apr
69% Apr 28
233/8 Apr 19
43%
Sep
65 Vb
July
153/a
Feb
213/«
Dec
27% lifar
7
543/4 Apr
19
16
16% Jan
38% Jan
583/4 Apr
18
Feb 23
47
Jan
13
Jan
Feb
19
14% May
l3/$ Jan
36% Jan
18
24
18% Feb 23
8 3/8
116
May
23 Va Jan
xl3% Apx*
60
Mar
7
15
May
773/4 Feb
143/4
Jan
25% Nov
May
25% July
313/s
Deo
Oct
Jan
Feb
51
Dee
Jan
185
Jun
90
Jun
9
6
37%
Apr
115%
Jan
45% Jun
106
Mar
109
Jan
92
Jun
96
Aug
52% Mar
30% May
34%
53%
Oct
38 Va Mar
30
145
Feb
39% July
152
July
5
111
Feb
146 Va July
% Apr 27
Jan
Oct
Jun
353/4
110%* Apr 16
99
Apr 12
57% Apr 30
141
98 Vs
Jun
July
1
Jan
150
63/a
13
Nov
9
30
96%
76
44
Nov
19% July
10%
148
40 3/4 Mar
57
17%
Jan
110
50% May
213/, July.
49% Nov
6%
Apr 19
May 8
101
303/4 Nov
Nov
95
114% Feb 27
186
2
2
Apr
Jan 22
59% July
67 Va
Jun
36% May 7
108% Feb 19
23% Jan
33%
Dec
103 3/8 Mar
108%
Jun
65
—
Feb
2
May
8
2
Jan 29
Jan
41
Apr
16
253/4
Apr
38
Sep
115
Jan
9
109%
Feb
116
Dec
29% Mar
6
143/4
Apr
26 %
113/4
Jan
Jan
23
Jan
2
36% Apr 25
28% Jan
2
2
353% Jan
28
Mar
28% Nov
Jan
Apr-
31%
104*%
34%
ill
23%
Sep
15
8% Apr
203/4 Apr
7% Jan
108
132
Apr
62% Jan
~
July
4% July
11'4
115% Jan 20
43% Jan 18
—
Jan
Nov
103% Feb .13
-140
19% July
23
Jan
31%
98
.
107*
Jan
Nov
23
31
.
2%
Dec
Jun
134
7
22
2
19
15%
Jan
Apr
Jan
Mar
30% May
38% Apr 30
4% Jan
I,1
Jan
July
May
25
10
4
113
'
54
40 Va
23
153% Feb
22
Jan
"
x35% Feb 20
22
29% Jan
2
91 % Jan 24
par
..100
,6% Feb
22
16
par
preferred.
100
2nd preferred... 100
,203/4 May 9
24% Jan 10
Jan
543/a Jan 22
19% Jan 22
19% Jan
2
49
Jan
3
54
Jan
4
15% Jan
3
par
3,700
7
25 % Jan
.
par
596
conv preferred—:—.—100
Colo Fuel St Iron Corp
No par
18% May
24
5% Jan
par
par
-No par
Apr
4
8% May
18% Mar
24
.
10
-—100
/
,
7
15% Jan
par
40
-No
Class A—
——No
Coca-Cola International Corp No
Colgate-Palmollve-Peet
—NO
$4.25 preferred^.*—
No
Colorado
152% Dec
2
2
5
2,400
410
Mar
127
Jan
14% Jan
18%Jan
100
Collins & Aikman
2,180
Dee
53/4 Oct
39
106
No par
No par
preferred—
—100
City Stores-*.———.
—.—5
Clark Equipment
...
-No par
C. O. C. & St, Louis Ry. Co,-:
100
5%. preferred
—100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The).
.1
5% preferred.—————100
Clev & Pitts RR Co 1% gtd——50
Special gtd 4% stock
——60
Climax Molybdenum.
—NO par
Cluett Peabody & Co
-No par
——
143% July
65
Jun
~25
.....—-8
(The)
Apr
96%
5%%
Preferred
Jan
6
City Ice & Fuel—
City Investing Co
Coca-Cola Co
171
4
107% Feb
No
Co.
3
56% Nov
33
.
8
5
Oil
Copper Co
Chrysler Corp.
7% Feb
44% May
Oct
105% Jan
—
Chile
Jan
May
May
74
5% Jan
2
35% Jan 26
"
137%
34
*30
-
*1000
*1000
113
31%
y..; 10
*563/4
26%
*30%
"
.
60
35%
313%
30
60
33
page 2127.
90
2 ,'800
110
983/4
343/s
273/4
30
50-
110%
113%
253/4
26 %
V
110%
108 %
*111%
X26
.
800
105
983/4
*
1,400
12%
55
•
y-
12%
>
,50
40
*1000
36%
*
For footnotes
149%
141
*563/4
39%
110%
1013/4.;
55
y
36
27%
34 Va
40
44
1043%
35%
*104
40%
113
33
*3r
*64 %
64%
*1000
1043%
*111%
43
*39%
*101
101
196
1103/4
130
110%
102%
1103%
110%
493%
3,000
21%
*186
.49
6%
32
112%
*100
491
260
21%
102
49
300
?
110%
196
49
32
51%
22
114%
*100
*110% 1103%
6%
67/a
32%
*186
110
*50%
8,200
900
55
17%
*53
16,200
14,600
■
Dee
37% Apr
22
Apr
Chlckasha
37%
68
119
Mar 26
Jan
Jan
700
28%
36
68%
43% Jan
97
Jan
44%
17%-
293/8
37%
68
26
—
i
2
51% July
11% Dee
54% Dec
31%
800
30
363%
.
A.
2
Dec
12% July
25
'
29
38
69
27,100
Feb
55% Mar
1303/4 May
Mar 26
47 Va
'
21
152
Chicago Great West RR Co.——50
5% preferred—.
50
Chicago & Northwest'n w 1—No par
5%
preferred w 1——1..—100
Chicago Mail Order Co
5
Chicago Pneumat Tool
-No par '
$3 conv preferred—
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab—.
No par
37%
28%
Class
6,900
.-''Z
9
683/4
•
800
6%
153/4 Feb 20
5
Apr
52% Apr
Chesapeake Corp of Va
Chesapeake & Ohio Ry
8%
•
8% Jan
42%
19
May
593/4 May
/
51%
7
Feb
52
15
—No
153/4
8
Apr 24
143/4 Apr 28
V.
37% Jan
—
51%
8
35% Dee
33 3% Jan
53
4
100
Products
Cab
% Feb
32 •
,
20
preferred
Checker
Dee
21% July
47% Jan 22
preferred-—^
—
1,300
50% "
52
ll63AJan
7%
Jan
118% Mar 17-
8
2
23
1% Jun
May
15 V4
5
38% Apr 28
;
10% Jan 23
48% Jan
11
Jan
par
6
23
24% May
No par
Champion Pap & Fib Co
50
112
Jan
Feb
9
3% Jan
No par
No par
6% prior preferred
Chain Belt Co
400
32%
33%
23%
47
..100
Certain-teed
1,740
153
*2234
23
33%
152%
800
'
5%
Mar 26
Jan 24
113% Feb
■
No par
Foundry CO—
■.
1
Central 111 Lt 4%% preferred—100
tCent RR of New Jersey
100
Central Violeta Sugar Co—
Century Ribbon Mills.
No par
Cerro de Pasco Copper
No par
700
14
,
Central Agulrre Assoc—
3,460
'
,
4
20
31
Central
.
12%
273/8
-
9,800
'
13%
♦/ 6% Apr
'
Ohio
&
2d preferred
Celotex Corp.,
——.—No
13,300
22%,
343/a
*23%
34
*52%
20%
10%
152
*23%
20 %
Clinch
7%
26,800
133/4
10%
149%
114
17%
333%
34
9%
*112%
.
17%
22%
'
173/4
27%
12%
*27
133/4
34
114
6%
17%
-
No
Caterpillar Tractor—
Celanese Corp of Amer
$4.75 1st preferred
400
18%
5%
*170
170
107
21%
.
170
Feb
.100
—25
Co..i.
Preferred
70
573/4
17%
5%
2,900
25,600
47%
18%
5%
63/8
43%
56%
173%
5%
,
50%
17%
5%
6%
423/4
6%
43
59%
172%
16%
Z"
2,200
71
69
70%
10,300
28'/8
50%.
145
144
;59
273/4
533/4
>3 preferred A
Carolina
600
37
*36%
>
Jan
Apr 17
Feb 23
class A—1
——10
Ry
100 •
Carpenter Bteel Co—
;
;
5
Carrier Corp
10
4%% preferred —
.50
Carriers & General Corp—
.1
Case (J I) Co.,
25
260
350
57%
*170
.
107
*106
-
55
24%
,2
—No par
...
Ry
Apr 18
56
2
53
1
Administration
Capital
3,400
12%
129%
56
130%
Southern
3
20
34
Jan
1 % Jan
27% Jan
par
60
Canadian Pacific Ry—
Cannon Mills
1,400
129%
28%
*55
preferred
Canada
"70
•
-No
Zinc-Lead.
Calumet & Hecla Cons Copper—5
'Campbell W & C Fdy
—No pat
Canada Dry Ginger Ale
.5
76,900
.
50
Packing
preferred—...:
$4.25
,
14%
y./ i23/8
36s/8
29%
29 %
55
*1293/4
133/4
*493/4
12%
54%
130
12,400
.
50 %
*50
y.
■
13%
55
130%
*37
*170
/y
5%
Callahan
10,200
24%
V
California
20
.
1%
1%
ls/8
25% Jan
33
11
Jan 11
Dec
29 Va
Deo
12%
Jan
30
Dec
13
Jan
27% Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
2120
Monday, May 14, 1945
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH BALK PRICKS
Monday
Tuesday
May 7
V
BMarift?
t per
* per
thare
Wednesday
May 8
May 5
t per
share
;
t per
share
35%
36
35%
36
36%
36%
36%
37%
36%
36 s/a
36'A
36 3A
36
35%
36%
36%
36%
37
363/4
363A
36%
36%
6
53/8
5%
5%
99%
993/4
92'A
92%
5%
99%
*91%
*105
22
5%
5%
5%
99%
5%
99%
36%
5%
99%
99%
99%
993/4
93
92
92
92 %
*92
93
105
105
108
22%
22%
22%
22%
105
105
49%
48%
48%
*48%
44%;. 44%
44%
44%
43%
*48%
*106%
47%
16%
1
104%
31
♦106%
109
17
1%
104%
16%
48
17%
104%
32%
33%
34
34
29%
34%
35
104%
34%
104%
♦104
3%
4
.
-
3%
29%
30
29%
30%
107%
107%
5%
107%
30%
30%
5%
48
47%
48
11,300
C 1 T Financial Corp
No par
16%
16%
16%
17
13,000
Commercial Solvents
No par
105%
102%
5
5%
31%
30%
323A
31%
33%
33%
104
104
4
108
30%
47%
16%
1%
104
104%
4
4
4 Vb
293A
1073/4
30%
108
1073/4
*4%
5%
*5
30%
12%
12%
12%
12%
-12%
12%
12%
12%
37%
37%
36%
37%
36%
36%
35%
35%
21%
22
20%
21%
21
28%
28%
28%
28 %
20
20%
22%
24
20%
21
*22%
23
*52
53%
.
y
112%
29%
10%
*110%
47%
108
11%
47%
20%
23
23%
54
*52
112
112%
*323A
*104
4
29%
30
1073/4
4%
5
29
29
$6
5,100
31%
Conde Nast Pub Inc
31 Va
2,800
33%
500
Consolidated Cigar
140
$4.75 preferred
Consol Coppermines Corp
Consol Edison of N Y
Congoleum-Nairn Inc
11,300
26,100
29%
Consol
2.600
$2 partlc
12%
3,500
Consol
5,700
Consolidated
Natural
21%
22%
21'%
22%
34,400
Consolidated
27%
28
19%
*112%
28%
19%
1,900
Consol
7,300
*112
113
28y4
28%
112%
28%
1,200
10%
10%
9%
10'/a
9%
10%
110%
110%
*110%
110%
Container
400
47%
47
47%
45%
108
*107%
108
107%
12
11%
12
11%
57%
58
56%
57%
453/a
46%
*107%
108
45%
8%
700
11%
12%
56%
55%
2,500
10%
10%
10%
10%
10%
103/4
10%
10%
103/s
10%
20,600
34%
34
34%
33%
34
33%
33%
32 5/a
333/8
32%
33
12,200
Continental
35
35
35
35%
32%
33%
333A
333/4
600
18%
19%
19%
2,300
50
50
50
*34%
*34%
35
20%
20%
50%
20%
15%
«
20%,
19%
50%
50%
*51
57%
50 ?a
51
15%
;
15%
15%
5iy4
51
15%
51%
19
50%
15%
51
18%
49
19%
/5l>/
51
15%
51%
*34
55%
15%
■51% -'51%
19 : :
19%
14%
513/4
14%
513/4
170
19%
19%
19%
19%
19
18%
187/a
56
56%
56
56
*55%
56%
55%
56%
55%
55%
56
56
66%
67
66%
67
66%
67%
673/4
68
67%
68%
67
67%
194
194
*193%
195
193%
193%
193%
193%
1933/a
1933/e
193
7
7
X6%
7%
?
7
63/4
7'/a
6%
6%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
19%
19%
v
18%
/;,
6 3A
4%
193
333/8
31%
107%
1073/4
107%
107%
27%
27%
34%
34%
31%
33%
107%
107%
107%
107%
*107%
107%
*27%
27%
27%
27%
27%
27%
35 %
35%
34%
35
34%
351/4
43%
43%
44
44%
43%
44
43%
*491/4
50
*49%
*49'/a
23
*49%
50
50
23%
23%
32
33%
23%
23 y8
23%
103%
31%
32%
32%
23
43%
50
Exch
Corn
Products
5,700
43/0
3,500
32%
42%
•
1073/4
500
33%
33%
36
43
50
5%
280
27%
42 3/4
X103%
42%
Crown
Crown
1033A
$5
620
103%
103%
104'/4
43%
44%
43%
44 %
42%
43%
98%
98 %
98%
97%
98%
97%
98
953/4
953/4
28%
28%
28%
28%
28%
28%
28%
283A
28
28%
273/4
28
650
16%
17 %
17
17VZ
16%
171/3
17%
17%
16 3A
17
16%
17
7,400
*145%
150
*145%
150
145 %
*145%
*1451/2
150
30 Va
30%
30
30%
30%
31
28%
31%
31%
*31
31%
31
31
*30%
*106
107
150
150
43
r
35
*106'
107
<
*107
13
13%
139%
*34%
13%
13
*138
139
107
*106
34%
34
35
12%
*136
139
1
34%
13%
123/4
138
137
65
65
64%
64%
64%
64%
5%
s.
*34%
5%
19%
5%
5%
5%
5%
19%
19%
19%
19%
19%
*120
*120
127
29%
29%
14%
65
*123
127
127
30%
*13%
29%
96
900
28%
28%
30%
30%
300
13%
13%
13%
139
12%
*63%
53A
5%
19%
I93/8
128
34%
12%.
13'/a
136
133
65%
*123
*ior
135
128
*123
13
29;j/4
30
28%
133/4
133/4
13%
13%
24% Jan
2
21 %
29%
Dec
20%
Jan
31
Dec
95%
Jun
103
Dec
Jan
4% July
4% Jan
3
3%
Feb
30 Vb May
7
21%
Feb
25%
Oct
6
7%
37% Apr
.—1
17% Jan
24
25% Jan
2
100
xl06% Mar 28
4V2 Apr
28
Jan
18% Mar 26
24
Jan
31
53% Jan
11
108% Jan
24
Feb
23
26% Apr
6
30 Vb Jan
9
8% Jan
5
11% Apr
25
109% Apr
9
Feb
17
May
115
114
2
30
108
6
13
47% May
May
Feb
20 Va
Dec
Jan
25%
Dec
Aug
24
Dec
14%
25% Jan
20
50
Oct
Jan
12
28 % May
32%
Jun
45
Mar
23
13% July
Jan
18%
v
Jan
24
11%
:
18% Jan
Jan
102%
24
,
53%
112
Jan
Feb
20
7%
29%
10
Oct
105 Va May
32%
5
4
14
10
Dec
Dec
Nov
Dec
Mar
112% Aug
43 %
Feb
Jun
13% Mar
May
49%
Dec
41%
Jun
8% Jan
2
May
12% Mar
8
1
1
5%
Jan
9%
5
30% Jan
24
36
Mar
1
26%
Sep
33 Vs
Jan
No par
29% Jan
2
37
Mar
7
24 %
Apr
31%
Dec
No par
No par
____5
16
Jan
2
21% Apr
28
47% Feb
5
51
12% Jan
2
15% May
8
10% Jan
13% July
50
49% Jan
16
51% May
9
47
52
July
July
46
Jan
3
58
May
Dec«
12% Aug
19% July
38%
8
48
Feb
Mar
Dec
1
17% Mar 26
22% Jan
12
15%
Jan
25 %
20
52% Mar 27
58% Jan
17
44%
Jan
57
Dec
25
58% Jan
2
68 %
May 10
52 Va
Apr
61%
Oct
100
Corp
Co
xl82% Jan
4
173%
Apr
184% July
5
Jan
7% July
•
6
Jan
2
3% Jan
2
25% Jan
5
100
No
$7
195% Apr
7% Jan
47/b Feb
3
19
19 y8
4,700
1
1%
18%
Feb
6
104%
5
Jan
7
Jan
Aug
2
2
28% Mar
5 r-
20
Jan
25% July
28% Mar 26
38% Feb
6
16%
Jan
32
Dec
39
Aug
110
<-
Jan
111
Oct
37
Jan
6
46% Mar
7
273/4
Feb
Jan
18
51% Mar
24, Mar
7
45
Jan
49% Aug
22
1
15%
Feb
22%
102% May 10
Jan
37 %
101% Mar
7
69
Jan
89%
Dec
25% Mar 27
30% Jan
8
20%
Jan
29%
Dec
16
19% Jan
8
11%
Feb
19 Va
Dec
145% Jan
23
2
100
87'/2 Jan
2
100
10
Mar 26
105
145% Jan
30
257/s Jan
2
5
29% Apr
10
33
23
106
Apr
18
r-4 o 00
Jan
31
36
9
Mar
26
Mar
3
Apr
13% May
No par
122 % Apr
6
No par
59% Jan
16
I
A
5% Jan
22
6% Jan
1
18% Jan
2
21% Mar
l->3%F»b
'
pfd
100
120
1
:
29% Mar
Jan
30%
Dec
Jan
109%
Nov
101
19
—
11% Aug
5Vs Aug
7
May
4
97
Apr
1
41
Apr
43/4
3
7 ;Z
Dec
Jan
22%
66% May
139
Dec
Nov
22%
6
19
144
Jan
112
32% Mar 15
28
No par
Feb
47% Mar
100
100
Dec
Jan
28
35% Jan
Sugar
105
97 Va
6
No par
(The)
/:
Jun
14%
Jun
140
61%
,
July
Dec
7% Nov
19 %
Nov
Mar
7
No par
25% Apr
6
B
25
Inc
Cutler-Hammer
2,900
Jun
Mar
Jan
20% Jan
No par
Cushman's Sons Inc 7%
29
273/4
47
Curtiss-Wrlght
128
par
5
preferred
preferred
Class
24
33% May
No par
Corp
Prior
30,900
107
2
(The)
Drug Stores Inc__2.50
Pub Co
Curtis
90/
1,300'
5%
>H23
28%
29%
3% Mar 23
33% May
36
Apr 27
104% Mar 10
14% Mar
preferred
Cunningham
69,100
135
64%
19
19'/a
19
2
4
Inc
Press
4%%
600
34%
5%
53/4
2
3
preferred
Packing Co
Cuneo
107
64%
65
Jan
Jan
preferred
Cuba RR 6% preferred
3,400
31
34%
26% Mar 31*
29 y2 Jan
101
Dec
11% Jan
5%
7%
29%
107
34'A
5%
30
14
29%
'*13%
,
*106
35
Dec
10% Apr
Crucible Steel of Amer
8,300
•
*106
26
31%
Cudahy
*
31%
Feb
1% July
No par
Cuban-American
30%
8%
37 v2 Jan
preferred
conv
103%
150
7
5
107% Apr
preferred
45
30%
32% May
Jan
,
Oct
10
Trust
Zelierbach
44%
#31
12
22
5
Cork <fc Seal
$2.25
103%
-•
29% NOV
20
(The)
45
*145%
95%
Jan
Nov
preferred
104
*95
Jan
24%
•
30 %
25
44%
,
79
8
Jan
Co
103%
*98
8
31% May
16%
i
conv
8,400
23
102% 1033A
Feb
105% May
2
1
.
Crosley Corp
50
22%
%
24
—No par
Cream of Wheat Corp
5,300
2,300
43
*49 %
2
Jan
32% Feb
Refining.
Inc
Crane
40,100
22%
22%
U Jan
89
v
32 3/a
27%
107
Jun
16
1
Coty Xnternat Corp———1
Coty
18%
Jun
Fibre—
Electric
Bank
Preferred
170
27%
*27
*49%
23%
Corn
7%
n<w:- •':
31%
950
50% July
Apr
6Vs
Del
of
Cornell-Dubilier
4,400
6,800
17
Feb
14%
28% Jan
No par
100
Cooper-Bessemer Corp—
$3 prior preferred—
Copperweld Steel Co_—
Conv pref 5%
series-
4,000
*51 y4
14% felS'Z.Z
*51
1 Vb Apr
Oct
40%
16
20
Continental Steel Corp—
360
18 % Feb
108
Feb
105
21
50 y2 Apr 24
Dec
108%
Motors
Oil
Jun
Jan
25
—,
Diamond
Continental
34
43%
Jan
Continental Insurance
55 y2
11
Jan
2%
Inc
Can
$3.75 preferred
Continental
11%
57%
57%
par
—50
$4.50 pfd___No par
3,500
10%
Dec
37%
102%
pfd
preferred
57%
49%
11
19
2
Corp of America
Continental
5,000
108
11%
6%
Continental Baking Co
14,800
110%
Cuba
Pow
Jan
Apr
2
preferred
Consumers
760
110%
11%
RR of
$2.50
39%
50
17
Consolidation Coal Co
52%
23
42 y2 Jan
15
pfd
23
*513A
54
Apr
108% Apr
6% Feb
Gas
19%
23%
28 3/.
Corp
22 3A
19%
22%
*52
Dec
16%
24
Vultee Aircraft
28
Laundries
conv
Feb
*98%
108 y2 Apr
No par
5
37%
$1.25
Dec
93
Feb
V
No par
preferred
12%
1,100
97 %
Feb
8
No par
—1
Industries
36%
10%
47%
No
123/«
110%
108
Film
Jan
Jan
15% Mar 26 y
Deo
5% Mar
84
107
No par
5
36%
12
47% Jan 24
Dec
35%
70
45% Apr
No par
No par
$5 preferred
1,600
2,200
15
35%
Jan
76
93
2
No par
104 %
4%
T1
Jan
4
Jan
3% Nov
May 11
100
Jan
25
Edison Co
2,000
108
21
May
26%
105% May 2
25% Feb 10
39
No par
preferred series
31
29%
9
;
S per thare
25%
9
100
preferred
Commonwealth
17,000
4
27
May
10
Credit
conv
6
Jan
95% Jan
Commonwealth & Southem__.No par
49,500
y
10%
11%
Commercial
No par
353/4
1123/4
28 3/4
29
30%
31%
104%
108%
*108
*273/8
53
*30%
303A
preferred
4%#>
110%
108
11%
20
24
*28%
47%
47%
20%
111%
10%
*107%
108
28
23%
111
111
22%
28
20%
29%
10%
10%
111
21%
28%
*52
112
28%
21%
*27 %
53%
112
112%
28%
*52
29%
29
30
30%
4%
4
4,800
■.
1 %
102% 103
103%
31%
33
33
*4%
5
30
30%
31%
104%
43%
$2.75
300
Z\/ 1
.0 1%
1
30%
33%
108
109
31%
33
3%
*106%
30%
33%
*104
109
31
33
*34%
109
48%
*106%
49%
90'A Jan
84
par
43%
*49
v
No par
Pictures
'
17
6
1944
HlghMt
i
$ per share
23
37% Apr
2
44
313/«
31%
Feb
27
43%
31%
31%
38
Mar
4 % Jan
44'A
31%
32%
Mar 26
31
50
31%
32%
Columbia
No
Co
Carbon
31
par
100
——100
preferred series A
preferred
Columbian
2,300
:
$ per share
2,50
No
49
31%
32
V.:Z;.'4 200
22
6%
5%
130
22
106
31%
32
2,200
93
Year
Lowest
2.50
Ooiumoia Gas & Elec
48%
1
1%
105%
100
106
92%
$ per share
par
21%:
16%
1
105
♦106%
*103
99%
■,yr;/:'ZZ:Z'Z;'
Class B
150,500
*103
''Z'Z,Z'y
Ran^e Since January 1
Highest
Lowest
//yZZ/Z/
21%
44
44%
109
105
22%
*48%<
50
105
1%
1
22
22%
48%
48
17%
16%
104%
31%
*106%
109
48%
48
48%
*1023/4
993/4
92%
6
Range for Previous
"
- •
STOCK
EXCHANGE
Columbia Br'd Sys Inc cl A
2,000
53/4
,
2,600
*"35%
YORK
NEW
.
Share»
I per share
I per share
for
the Week
May 11
May 10
share
Sales
Friday
Thursday
May 9
12% Jan
12
14% Feb
28
23% Jan
12
16% Jan
8
25% Apr
19% Feb
19
1
8
13%
Jun
16%
Oct
10
112% Feb
16
109%
Dec
113%
Apr
48
May 5
47% May 5
38% Mar 26
21%
Jan
41 %
Oct
36 %
Apr
45%
Jun
32%
Apr
36%
Oct
30% May
21
1143/4 May
127
Nov
21%
Apr
28%
6%
7
Jan
13% Nov
Dec
D
*24
<••18%
*111
44
v
25
25%:
18%
: ■■■;
45
48
37
253/4;
173/4
*111
112
45%
46%
47%
*36%
37
24%
*233/a
24%
49%
48%
10%
10%
21%
22
21%
*67%
72
*673/4
10%
11%
21%
*67%
21%
43%
44%
44
44%
43%
37
37
37%
37%
41%
41%
41%
41%
26%
26
55%
*105
72
26
26%
54%
56
10%
*24
17%
*111
11%
22%
18%
112
7
44
44%
45%
45%
36%
36%
1,100
24
24
48%
IP/a
22
22%
68
68
43%
37%
37%
37%
x37 y4
37%
413A
42
'
*41%
42
253/4
26%
25%
25%
54%
53
54%
1073/4
53%
*105
*105
1073/4
24%
24%
23%
24%
233/a
233/4
23
23%
25%
16%
24%
172%
16%
171%
126%
126%
116%
116%
16%
*141%
253/4
79%
143
25
80
142
113%
113%
*113%
293/8
153/4
29%
28%
16%
15%
25%
24
51%
42
25
25
52%
51%
Distil
23 3A
14,600
Dome Mines Ltd
Douglas Aircraft
25%
80
114
28
15
*233/4
1,900
283/4
81%
140 %
2,000
*113
28 y4
15%
15%
24%
*23%
114
200'
28%
8,200
15%
5,900
*
17
•
800
169
169%
168
168
1,600
Du P
128 y4
128%
128 3A
129
128
128
127%
127%
1,700
116
116%
*115%
116'A
100
preferred
Duquesne Light 55$
17%
59
16%
583/4
593/8
23%
24
24
57%
17%
16%
16%
56%
583A
16%
16%
16%
16%
57%
56%
58
*22
23
23
23
178
178
178
*192
196
*192
56
4,200
14,700
de Nemours
Eagle-Picher
180
*161
196
*191
196
60%
60
61
29%
28%
30
9%
29%
9%
9
9%
8%
8%
8%
4,200
Elastic Stop
51%'
52%
52
52%
51%
51%
49%
50%
50
50%
6,300
Electric
16%
15%
16
15%
15%
14%
15%
14%
15%
13,300
Electric
Boat
29%
&
9
51%
51%
16%
16%
6
6%
128%
•119
6
6%
129
.
6
6%
6
7
*191
1793/4
196
1793/4
*191
1793A
196
6
60%
*58%
60
57%
58 Va
57%
57%
303/4
31
30
30
29%
30
6%
6%
7
6%
63A
128%
128%
1273/4
128%
127
119%
118%
118%
*118
9
6%
7%
1273/4
6%
6%
6%
6%
126%
125
*116
118%
49%
*116
120%
*117%
49%
49%
50
49%
50
49%
49%
49%
39%
40
40
40
40
39
39
38
38
25%
25%
25
25%
23%
23%
25%
25%
25%
23%
23%
26%
24%
25%
'-23%
23%
233/4
*65%
67%
66%
66%
66%
66%
'
*106
<
107%
2.4
24%
*103
103%
103
104
1%
103%
104
1%
106
23%
106
24%
*103% 103%
103
103
104%
1%
104%'
1%
For footnotes see page 2127.
i
±
106
106
23%
*103
25%
,
104
*104
1%
23%
103%
104
104%
1%
119
22%
22%
*65
66 3/a
*65
66%
•106
1063/4
*106
106%
22%
23%
22 Vb
103%
103
103 y«
103%
104%
1%
104%
104%
104%
1%
1%
1%
103
6%
6%
125
39%
•.
8%
*103
23
103 %
104
48%
*37%
25
22%
*65
106
9V8
6%
Mus Ind
Light.
110% Jan
El Paso
25%
6,500
4,500
Emerson Radio &
40
690
103%
103%
270
104%
100
1%
9,000
—
4%
Natural" Gas
May
114%
106%
Apr
Jan
~8%
Apr
11%
114% Jan
17
6
30% Apr
Mar
21
17% July
Dec
38%
105
Dec
20%
Sep
49
Nov
27%
July
72% Nov
131
Jan
113
Aug
30
4
16% May
25
*
14%
Nov
Feb
20%
Dec
137
Feb
162%
Jun
Feb
123%
Jun
128%
Dec
Mar
113
Dec
120%
Jan
14 Vs
July
Jan
125% Jan
9
129
100
113% Jan
6
117
7
10%
8
33
Feb
Jan
22
39 % Jan
22
59% May
5
18% Jan
26
24 % Apr
28
183% Apr
30
157
Feb
178
30
175
Jan
195
Jan
52
Dec
17% May
6%
Apr
41
Dec
Jan
25%
Dec
174
Jan
22
185
Jan
6
192
4
2
49
Jan
22
61
May
7
41
21% Jan
15
31
May
9
24%
Dec
12% Mar
1
16% May
8% Dec
15 %
Sep
37%
Jan
10
Apr
45% Aug
15% Dec
1
5
3
Bldg
14
Jan
20
9
3% Jan
2
Apr
52% May 7
17% Apr 28
7% May 11
7% May 9
109
Jan
3
129
103
Jan
3
121
3%
Jan
3% Nov
103%
Dec
Apr 25
50% Feb 16
78
39%
Apr
Apr
40
27%
Feb
4
22% Jan
29% Jan
5
20 % Mar 27
50
—100
l
No par
No par
No par
No
par
62
Mar
104% Jan
9
28
3
25
Mar
7
18
Oct
Dec
34% Mar 21
May
6%
5% July
114
Z 44% Mar 26
4
Sep
Apr
.>^5
May
Dec
81%
No par
No par
No par
Phonograph
Corp
——
8% May 3
42% Jan 20
5% Mar
preferred
$6 preferred
tEquitable Office
47
9
172% May
13
21% May
9
2
2
.
Engineer* Public Service
$5 preferred—.
$5% preferred
12
May
Apr
20% Jan
155
82% May
Jan
43% Jan
Feb
Jan
Emerson Electric Mfg Co
22%
32,500
20
27
Mar 26
Feb
Apr
15%
143
65
Jan
95
4
No par
2,600
22%
x27%
2
shares
Am
$7
Johnson
13%
5
May
Mar
22% Jan
—
2,100
106
26% May
56
109
122% Jan
Nut Co._
(The)
49%
103%
2
22
24% May
26% Feb 23
Bros Stores Inc
Endicott
16% Jan
100
38
400
Sep
Oct
No par
preferred
$6 preferred
Electric Storage Battery
22%
1%
Edison
Elec &
66
42
38% Mar
Dec
i
Co
Electric Power &
100
43% Jan 31
2
Eaton Manufacturing Co
15,800
117%
4
Jan
preferred
40,000
103%
*104
cum
7 Vb
2,600
40% Jan
25
——10
Eastman Kodak
6%
125
Dec
18
1st pfd
1,100
1,800
35%
49
Eastern Stainless Steel Corp
900
Jun
No par
1,000
196
303/4
♦59%
49%
s
178%
28%
25% May
Auto-Lite
15%
*60
1793/4
.
3
Mar 20
lno
179
24
38% Jan
Jan
1
Co——
Eastern Airlines
180
X23%
6
17% Mar 26
St Co
(E I)
$4.50
180
-
Oct
33% Apr
Jan
—No par
Duplan Corp
24
23%
41 %
47
International
Dunhill
24
171%
•23
,
Jan
38
$4 preferred series A——No par
Industries (new)_;
__50c
126"% 126%
115% 116
58%
29 %
105
Dresser
170
*115%
28
No par
24%
116%
46% Feb
No par
No par
171%
*115%
23
5
Dow Chemical Co
24%
116%
65
8
No par
169%
24%
21%
Feb
par
No par
Class A—
27,000
14,900
140
Jan
May
10O
Doehler-Jarvls Corp
26%
No
5%
25
243/8
2
Corp-Seagr's Ltd
preferred
Dixie Cup Co
23%
114
153/4
Diamond T Motor Car Co
6,600
23
114
29%
9,100
51%
310
>
Jan
18%
52
29
25%
107%
9% Mar
5%
7
No par
preferred
22% July
Dec
37%
4
Jan
partlc
Oct
Jan
36
6%
23 %
23% Feb
11 %
No par
48%'
82
7% Mar 29
68
24%
25%
Jan
2
48%
142
Jan
17%
31
233A
79%
17%
Jan
48%
24%
19
50% Apr 24
19
Jan
23y8
140%
823A
26% Feb
34% Jan
21
23
143
22% Mar 27
24
67
*48
22%
9
10
100
_50
107%
i
Jan
39% Mar 29
-20
*105
*105
33
35% Jan
Devoe & Raynolds A
Diamond Match—;—
900
1
Jan
19% Mar
20
172
25
17
16%
57%
78%
•
113%
29%
15%
*24%
*171%
243/4
81
*41S/8
110
Detroit Hillsdale & S W RR Co-100
1,200
413/4
par
Delaware Lack & Western
1,390
37%
1
—No
Detroit Edison
30
43%
Inc
Co
Delsel-Wemmer-Gllbert
4,600
42%
&
100
Delaware & Hudson
67,500
72
42
48
29%
11%
22% %
433A
23%
*113
10%
22%
*673A
42%
48
113%
30%
107/a
(The)
Corp
Preferred
7,400
43%
37%
23%
29%
47
72
Deere
500
24%
22%
48
*113
24%
47.
22
24%
142
25
47
103/b
*673A
24%
77%
*24
46%
10%
48
24%
Decca Records
13,500
36%
Chemical
Dayton Pow & Lt 4%# pfd
3,400
46
preferred
Davison
30
45%
48%
142
4,900
413/4
55
5%
100
173/4
111
36%
25
80 %
111
253/s
45 ya
48
24%
■/'
112
17%
443A
24%
142%
-
36
48%
79%
.
177/a
473/8
24%
24%
*111
25%
46
24%
142
/-<
17%
46%
*48%
.
*24
Davega Stores Corp—
400
14%
45%
x36
49
72
253/6
*13%
<24 ;
37%
107%
♦105
107%
18
453/a
47%
24%
48%
,.
*24
:K;,'
37
*36%
24%
50
vi
47
46%
47%
36%
49%
18%
111% 111%
112%
47
*24%
25
18
>:
47% July
34% Nov
15
Sep
22%
Dec
57%
Jan
68%
Dec
6
70%.Jan 20
107
ftp 26
101%
Jan
108%. Jun
17%
Jan
4
?
{$% Jan
100% Jan
5
104
Apr
30
Jaii
J 04
102
Jan
5
105
Jan
23
89
Jan
m
104
Feb
1
106% Jan
11
92%
Jan
107
1 % Apr
11
%
Apr
16
24% May
2% Jan 20
Dec
De„c
Dec
1% Dec
►Volume
161
Number 4385
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
Saturday
AND
Monday
HIGH
SALE
Tursday
May 7
t per share
17%
$
17%
-A May 8
16%
"80%
81%
•88%
92
#88 Ye
14%
15
17%
14%
79
16%
79%
79
92
17%
16%
14%
92
t
17
78
$
16%
77
*88%
15
14%
38,500
"
.
Erie RR
Par
No
common
1,600
5%
Eureka
Erie
14%
RR
Co
Vacuum
19%
18%
19
18%
18%
17%
18
17%
17 Ye
55%
56%
4,000
Evans
56 %
55'A
55%
53
54%
53%
53%
4,300
7%
Ex-Cell-0
7%
7%
"7%
7%
7%
2,300
Exchange Buffet Corp
55%
56
55 Ya
55 Ya
30
30
29 y4
29 Ye-
15 Ye
15Ye
15 Ye
16 Yt
20 Y4
20%
20 Ya
20%
107
108 3/e
*107
56Y4
57
29%
30
20%
108%
Federal Min & Smelt Co
2
253/4 Jan
2
383/4 Mar
7
19 Ya
Federal-Mogul
5
23% Jan
5
32
May
7
17
Apr
Apr
Federal Motor Truck
No par
9 Ye Jan
22
13Ye May
9
5
Jan
Federated
103/8 Aug
No
28% Jan
23
30
13%
12
34 Ye
34
34Y4
107%
34 Ye
*363/4
35
34%
34%
2,400
107
106 %
106'A
27 Ya
28
27%
28
27%
27%
59 Ya
59
59
58%
58 Ye
63%
63%
63
63 Ys
62 Ya
63
107%
*107
1073/4
*107
50 Ya
51
46
y4
463/4
*46
*37Ye
38 Ys
37
7%
75/3
63%
63 Ya
643/8
62 Ya
63%
20%
20
20
19%
20
69 Ye
70
34 Ye
35
26
4,600
Firestone Tire & Rubber
62%
*46
1,200
32%
37,300
*46
62 Yi
60
20
20
19 Ye.
70
71
69
69%
68
69
34%
33
34
32 Ye
33%
32 Ye
26
26
26
26
25 Ye
25%
14Ya
14%
15
15
15
138
138
41%
41%
41
41%
49%
49 y4
49
*14 Ye
49%
117
118
15
*135
Y.
*14 Ye
139
15
139
,
146
*140
*26
41
39 V*
40%
49%
48 Yi
49%
48
118 Ya
II8Y4
118 Yi
Dec
109
50
2,200
Fruehauf
400
Trailer
18
93
Jan
108
28 Ya Apr
19
17
Jan
27 Ye
Aug
50
60
45
Jan
53 Ya
Nov
63 Ye May
383/4
Feb
110 Ya Mar
1033/4
Apr
109
Jun
35%
Jan
44
Aug
26 Y4
Jun
Jan
2
53% Mar 26
16
51
May
May
Dec
Dec
57 Yi
Dec
333/a May
18Ye May
Jan
4
47
May
34 Ya
Jan
42 Vt
30% Feb
2
37
May
24 Ye
Dec
33 Ya
Dec
6% Mar 20
100
8
Mar
5 Ya
May
8 Ye
July
64 Ya May
43 Ya
Aug
11Y4 May
58 Y4
Mai'
47 Ya Jan
1
24
153/4 Jan
13
213/8 Apr
16
Nov
Mar
15
53 Ya
Jan
69
Dec
7
16
Jan
29
Dec
19
20
Jan
25 Ya
Dec
13Ye
Jan
17 Ye
62% Apr
25
Jan
24
25
25
Jan
4
26 Ya Feb
par
14
Apr
10
18 3/4 Jan
100
118
10
34
1
75
9
Mar
9
Jan
5
146
113
50
Feb
Jan
30 Ya
Feb
119
27
Jan
70
May
413/4 May
42% Mar 26
100
Dec
37 Ye Mar
10
10
Co
Dec
22
Jan
41
preferred
Nov
24
23% Mar 27
par
pfd
Aug
27 Ya
32
par
Freeport Sulphur Co
105
Jan
10
F'k'n Simon & Co Inc 7%
Jan
22%
23 Ya Jan
No
100
May 10
Dec
18
103
No par
prior preferred
Francisco Sugar Co
3,600
.
353/4 Apr
107 Ye Apr
2
6%
4Ya %
Mar 28
104
26
Corp
49
Ye
118
17 Ye
22
42 y4 Jan
Corp
40
39%
49 Ya.
118
700
Jan
Inc
Machinery
118
40%
49Y4
118
Food
Food Fair Stores
148
41%
118
conv
Foster-Wheeler
143A
*140
40%
49%
118
5%
4,900
210
14%
5
1053/4 Apr
Corp
preferrtd
4,100
26%
-
1
Jan
par
Steel
500
33
14 %
147
830
Co
19 3A
68
333/4
138
Florence Stove
: 72%
71
Mar
17
No
Follansbee
26
Jan
No
(The)
5,700
34 Ys
15
Flintkote Co
7%
26
Dec
14%
25
Florsheim Shoe class A
.
443/4
47 Ya
Jan
.100
No
300
61%'
Jan
Jan
93/4
10
Stores
1,300
*19%
33 Y4
213/s
2
1
preferred
National
36%
61%
19%
8
7
Vt Feb
_
46 3A
70 Ya
>
4% %
First
Corp
7%
61
.
Enamel
36%
i!
7%
62%
Ferro
200
50%
31%
■>'
37
107
49%
46%
37
.7 Ye
62 3A
107
-
May
16
100
Fidel Phen Fire Ins N Y
62%
57
333/4 Mar
par
preferred
conv
700
31%
7 Ye
Stores
1,500
30 Ye
37
iVt%
Dept
27
50 %
2
4
12 Y4 Mar 26
No par
58
107 %
423A Jan
25 % Jan
Corp
27
34
»
130
117
"
61%
par
20
$6 preferred
58
50
463/4
.
734
No
27%
*107
32%
37
7 Ye
64%
*25%
61%
St Co
58%
58 y4
51
*46
37 rY-- :>i
*27
107 Ya
31%
463/4
73/4
:
*20
61%
107 Ya
51
Fairbanks Morse
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction
15
450
59 Ya
r V/Z
17,700
34 Yt
273/4
33 3/e
12 Ya
*106 Y4
59%
51
•37
35
Ya
107 Ya
37%
1,900
107
107
59 y4
:>
Dec
1,500
31
12 Ye
73/4
6 Ye
2,900
31
13 Ya
37%
Jan
37%
31 Ye
47
Dec
Dec
2 Ye
30
38 Ye
73/4
17 Ye
47 Ye
5
73/4 May
50
13%
*36%
Apr
Jan
1,300
37%
*46
2
Apr
9Ye
213/8
20 Ye
109
31%
32%
Jan
6 Ye
1
108%
20%
109
133/4
32Ys
6
19
28
20%
20
1033/e
32
31 Ya
2.50
15Ye Feb
108%
20
108 3/8
38 Ya
30 Y4
573/4 Apr
4,500
13%
303/a
19Ya May
24
30,300
363/4
493/4
24
15%
31%
49%
2
15 Ya Jan
42 V* Jan
54
133%
49%
Dec
84 Ya Aug
13 Ya Oct
29 %
37 y4
107
70
Feb
54
32
.
Jan
78 Ya
29%
.
13%
27
46 Ye
16
.15%
56
313/4
343//
24
Mar
30%
37
107%
Apr
88
15 Ye ,..15%
13%
34 Ys
83
27
Jan
11 Ya Jan
29 Y4
37 Ya
107 Ys
Dec
19
86
x54%
31 Ye
34 Ya
14
16
13 %
1073/a
Jan
56 Ya
37 Ya
Ye
9 Ye
30 Y2
20
108 3/s
107%
28
15%
31 Ye
107 y4
Apr
56 Ya
20 Ya
*107
Co
Corp
Highest
t per share
18 Y<
30
/
153/4 -i6%
.
Products
1044
68 Ya Jan
5
'
*7
t per share
12
3
18%
55'A
7%
Year
Lowest
$ per share
5
18%
56%
7%
12 Ya Jan
50
7%
7%
par
Cleaner
18%
■
$ per share
100
pre! series A
& Pitts
56%
*7
Range for PrevioHt
Range Since January 1
Lowest
Highest
•
5,600
92
--%
,
■
STOCK
EXCHANGE
1
77%
*88%
14%
NEW YORK
Shares
',16%
77
92
(or
the Week
per share
16%
77
92
14
Sales
May 11
share
per
16
78'%
"88%
>■
15%
Friday
May 10
t per snare
79
"88%
15%
8TOCKS ■}"
Thnrsday
May 9
$ per snare
per share
PRICES
Wednesday
'
May5
2121
Jan
29 Ya
103
Jan
Apr
135
Sep
Dec
363/8 July
44 Ye
Dec
116
Sep
7
July
Y.Y,Y >/-.!:> YY,
7%
7%
4
6
17%
7%
6
16
*19%
72
8%
8%
30 %
64
14
%
55
9%
;
21%
*19%
20
*19
19%
*72
75
*72
75
30 %
29%
29%
28 3A
29%
64%
*62%
64%
62%
62 %
14 Ye
14%
14Y4
14 Y4
14 Ye
108 %
*106%
107%
*106 %
54%
54 %
143/4
*107
54%
9Y4
9%
*173%
22
21 Ye
173%
22
21 >/8
4'/a
127
29 Ye
*140
132
*124
131%
70%
69 Ye
*167
126
59 Ye
59 Ye
59 Ya
143/e
14%
14%
28
4
4
18,900
Gen Gas & Electric A
140% 140'%
*140
130 %
69%
70%
68 Ye
1253/4
1253/4
*124
142
100
127
127
200
Ya
130%
130 Y2
190
6934
68%
683A
37,900
126 Ya
132
130 %
1253/4
128
♦126
130
28 %
4,100
Gen Precision Equip Corp
10%
3,000
General Printing Ink
28 Ya
■> *2
2Ya
34%
33
4
10%
lOYa
111
*2 Ye
4
4
4Ya
/>
V'.
24 Ya.
24%
25
24%
25%
24 Ye
24 Ye
211%
21%
21%
22
22
22
22%
*22
103'A
103
104
XIOIY2 102 Ya
102
104 »/2
102'/2
29%
29%
28%
28Y2
*28%
29%
31
31
30'A
30%
*30%
31
*30
*108
' 111
111
*108
*108
111
*108
30%
30
301/4
30
*108
108%
*108
.11%
15
15
94 Yi
93%
94 Ya
28
28 Ya
27 Ya
28
99 Ya
*98 Ya
31
*98%
4%
155
♦152
155
*152
28
273/4
60 Yi
61 Yt
1033/4
*102 Ye
56 Ya
*102Ya
56Ye
V
.
56 Yi
*109 Ye
110
15 Ya
98 Ya
98 Ya
98 Ye
98 %
31%
31 Ye
4%
;
V
:-
103
*
154
152 Ya
154 Ya
151
29
2734
58 Ya
59 Ye
57
*102 Ye
103 Yi
553/4
56 3/4
55%
109 Ye
109 Ye
163/4
16%
17%
16 Ye
7 3/s
7%
73/s
6 Ye
5
5
5%
5
102 Ye
56
17%,
7%
109 Ya
■
102%
154
273/4
57%
V
200
4,900
:/
-
300
54Y4
55 YB
8,500
1093/4
600
6 Ye
6 Ye
6%
V
16% >
7
9,200
80,200
5 Ya
5 Ye
24
24
24
233/4
233/4
23 Ye
23 Ya
*23 Ya
18 Ya
18
18 Ya
17%
18 Yi
17%
17 Ya
17 Ye
17 Y4
17Yi
17%
5,600
*43 Ya
45
44
44
43
43%
43
43 Y4
42
43 V*
43 Y4
43%
1,700
*24
23 Ya
24 Ye
24 Ye
*22 Ya
*23%
Y
18 Ya
*
Ya
5 Ya
>'■
5%
5
*23 Ya
24
3,000
300
24
24%
;YY 23Ye
24 Ye
600
16%
17
;:■> 17
17 "Y."
16 Ye
17
16 Ye
17
16 Ye
16 Ye
16%
163/4
> 7.500
55
55%
53 Ys
55
53%
54 y4
53 Ya
55
51%
53 Ya
52
52 Ye
20,100
29 Yi
Y
293/s
29 Ye
293^8
29%
29 3/s
29%
29Ye
29
I.- 29 Ya
29
29 Vt
7,600
173%
330
*23
169 Ya
168
170
170
24 Ys
.
*146
24%
170
169
79
*70
*69
*69
Ya
*70
*
169
:
*23 Ya
l69Ya
79
*170 Ya
172
79
*70
*70 '
79
58 Ya
*57 Ye
58%
60 Ya
60 Ya
60
60
27 Ys
27Y4
27
273/4
26%
*107'%
107 Ys
107Ys
*106%
37 Ys
36%
373/s
36%
38 Ye
363/4
38 Vt
!; 6%
63/4
6%
6%
6 Ye
63/e
373/4 Y:
36 Ys
i 107Ys
363/4
6 Ye
63/4
196
198 Ya
7
63/4
-
195
199 Ya
197
I
59 Ye
60 Ya
108
58 %
60
26%
27Y8
27%
*106 Y4
197 Ya
195
58%
108
25 Vt
*106 Y4
195
26 Ya
20 Ys
19%
19%
19%
20%
19 %
21
74
75
74
75
74
74 Ya
74Ya
75
54 Ys
55 Yi
54%
54Y»
54%
543A
54
54 Ya
*36%
37 Ya
37%
37%
*36%
*36%
39
24
24
*24%
39
243/4
*24
19 Y4
19 Ya
19Ya
19%
19
55%
Ya
"Y
37 Ya
Y
Y
preferred
Co
125
par
53
Jan
11
60
10
Jan
16
153/4 May
1,300
15,300
3
2?Ye Jan
106 V* Feb
par
2
1 Ye Jan
3
Nov
133/s July
18 Ye
Apr
6Ye
Jan
19
14
106
IY4
17
6
Oct
19Ya
37
Mar
Jan
26
5% Feb
14
3Y4
3
Apr
16
19%
Apr
25Ye July
27
14 Ye
Jan
193/4
99
Mar 26
109 Ya Jan
Sep
HO3/,
3
74 Ya
253/e Mar 29
30
Apr
24
223/,
Jan
27
Dec
23
32
Vt Mar
7
19
Jan
313/a
Dec
27
111
Mar
19%
Feb"
26~Ya
Dec
106 Ya Apr
2
32% Feb
8
27
1083/4 Apr
30
26
13 Ye Mar 27
par
90
Mar
21
Jan
17 Ye Jan
97 Ya Mar 28
15
9
95
Jan
6
23
29
Apr
29
100 y4 May
7%
Dec
22 Ye
Dec
Jan
253/8
Apr
52
2
2
32
May 10
18 V*
4
55
Feb
45
1
33/4 Jan
2
4 y2 Feb
May 10
165 Ya Jan
19
2
3/4
85%
25 Ye Feb
1
No par
53% Jan
10
62 3% Apr
x573/4 Feb
36%
Feb
51 Ye
Dec
112 Ya Mar
104 y4
Jan
112 V8
Jun
8%
Jan
17%
lYi
Jan.
334
Jan
Apr
17 Ye May
12% Mar 26
No par
5 Ye Jan
1
8
2
15
53/4 Jan
11
24% Apr
2
28
183/4 May
•
44.
Apr
5% July
19Y4
19
32%
Jan
42 Ya
Dec
10
23%
16
Dec
July
7
24 Ya Jan
Jun
25 Ya
Mar
143/4 Jan
2
17 Va Mar
1
14 Ye
Dec
17%
Nov
24
55% Apr
24
25 Yb
Jan
49
No
28 Ye Jan
2
313/e Apr
18
24Ye
Jan
30
Dec
May 10
1433/4
Feb
163
Nov
23
Prop.—No par
Western Sugar
par
Ye May '
172
1613/4 Mar 16
100
67
Feb
Feb
55%
Dec
Feb
24 y4 July
1053/|
£)ec
105Yg
Dec
Apr
32%
Dec
71
Feb
2
57
25
63 Ye Apr
24
43
Greyhound Corp (The)
No par
VU% preferred.——..—.100
2
Grumman Aircraft Corp
Guantanamo Sugar
100
preferred
167
7
199 y2 May
26
Jan
Feb
7
3%
123
7
23
75.Ya May 11
6
57 Yi Mar 16
33
Apr
Jan
6Y4
21 Ye May 11
Jan
49% Jan
,
May
11
9
143/e Mar 27
58
par
21
383/e May
,
5Yi Mar 26
No par
No
Corp
24
5
IO8Y2 Mar 13
12
28 Ya Jan
1
No par
preferred
Gulf Mobile & Ohio RR
104 Y» Jan
27 3/4 May
Dec
Yt
20
233/4 Jan
64
—100
Ye
19 Ye
Jan
52 Vt Jan
Oil
Oct
Aug
15% May
9% Feb
1
1
Gulf
7
46 Ye Jan
20
Ore
Jan
pfd—No par
preferred
Green Bay & West RR—
Green (H L) Co Inc
10,800
Nov
105 V* Mar
Preferred
54 y4
104 Ya
20
Great Northern Ry 6%
53Y4
Jun
Jan
98
543/8
49 Ya Mar 26
102
22
*5
Dec
"Feb
40
109% May 10
36 Ya Jan
,3,500
175
Dec
Aug
May
No par
No par
..._
10
57,600
Jan
4 Ye
preferred—-No par
3
75 Ya
Jan
Feb
10
23
21 Ye
Dec
90 Y4
Jan
25% Jan
30
16%
Jan
11 Ya
52 Ya Jan
151
Jan
69
par
100
Dec
12
Jan
1073/4 Apr
4Ye Jan
74%
Nov
28 Ya Jan
par
14 Ye Jan
8%
Oct
25% Feb
183/4 Jan
460
Dec
Nov
4Yi
24 Y4 Feb
9
197 Ya
Nov
22
No par
5,100
2% July
31 Ya
124
24
No par
6Ya
Nov
Jan
Grand Union Co
100
jun
HYz Aug
Apr
Apr
112
233/4
1073/4
Jan
Granite City Steel
Grant (W T) Co
Great
Oct
56 Vt
50
(B F)
Iron
130%
19
ft
Graham-Paige Motors
Granby Consol M S & P
5%
Jan
Jan
Jan
21
100
No
Hosiery—^
Great Nor
Ye Apr
Dec
4Ye
127
10
3Ye Jan
10c
Feb
3
Feb
123
No par
_
11 Ye Feb
120
363/4
Feb
108
7
283/eJan 24
„
Mar
30% Mar
9 Ya Mar 27
100
preferred
convertible
Gotham
May
130
1253/4
par
No par
(The)
conv
513/4
70 Ya May
,
var
No par
$5 preferred
$5
22
No
Safety Razor.
preferred
Goodyear Tire & Rubb
20 Ya
Y 19 Yi
July
Gold & Stock Telegraph Co
41,600
*196
Nov
66
tGoebel Brewing Co
363/e
*6 Y4
74%
if 55Ys
26 Ye
Y2 %
107 Ye
x36
197
197
26
♦IO6Y4
108
19 Ye
19 Ye
*74
-
134 Ya
Feb
-100
Goodrich Co
109%
*16%
4
Sep
Jan
Co
conv
$4.50
115
62
pfd
Glmbel Brothers
Glldden
25
Dec
3.Ya Aug
140
Sep
Jan
Goodall-Sanford Inc
109 Ys
16%,
16
$5
Jan
Feb
Mar
.
Rubber
&
6,600
58
103
103
60
Gillette
143
2Y4
102
_
7,100
28
553/4
55
109 Ye
300
7,400
57
4%
*151
57% '
1,200
5,400
31%
...
4
28 Yt
cum
99%
*55%
152 Ya
283/8
103
*98
;
Tire
4%%,
18,400
;
17
128
10c
preferred
General
110
26 Yi
4 Y4 Apr
May
Gen Time Instrument Corp—No
2,400
15 Yi
94
26
433/4 July
Mar
Realty & Utilities new
4 Vt %
29
109 Ya
40 Y8
Nov
127
No par
General Shoe Corp
1
Gen Steel Cast $6 preferred—No par
General Telephone Corp
20
111
*923/4
...
4%
109Ye
57 Ys
300
30Y8
4
603/4
570
;
900
>>15 /;
.
4%
29 Yi
102%
31
32
57
59 Ye
103
110
>> *4Y/s
5
30 Ye
*55 %
57
4%
153/4
7%
*4% >
153/8
26 Ya
*55%
r
-
28 Ye
93 Ys
25Y4
7Ys
153/4
7%
15
93
28 Ys
28 Yi
61
*109 Ya
153/4
31%
1,300
*108
27%
55
8,200
22%
Feb
134
General Refractories
25
Dec
35
40
May
Jan
No
preferred
Gen
■•}'
Dec
29% July
155
Apr
Service
8,600
:h
24
•108
93 Ya
99%
3Ya
124
3
No par
Railway Signal
29
29%
108
15%
31 Ya
60%
29
108
Public
Gen
•30Ya
111
*108
29 Ye
108
Gen
1,800
28%
263/4
55
*27 3A
30 %
93 Ya
55
4 Ys
29
30%
94
313/4
>4->
4%
*151
27
99 Ya
*52 Ya
28 Ye
111
29 Ye
108
S:i8Z>V. >V.
29
30%:
27Ys
*93%
30 Ye
54
>*4>
30
*98 Ya
31%
54
•*28%
108%
14%
15
93 Yi
104
v:v
2,000
Q%
Feb
17
No par
1
$4.50 series A preferred
133
3 Ye
21V2
A
2 3/4
*128
133
Adv
Common
33 Ya
33 Ye
33%
*128
111
*108%
234
2%
33 Ya
133
273/4
28%
10%
*108 Ya
3
33%
*128
4 Ya
28
103A
Apr
42 Ye Apr
No
7,800
110
25 Vt
Feb
No
2,400
15 Yi
28'%
813/4 Jan
140
113
No
605/e
14 Ye
133
/■•/ 4'/e
108%
preferred
*59%
15
28%
20
Dec
10
60
Outdoor
7
24
Mar
Dec
7 Ye July
22 Ya
129
Corp
14 Ye
24%
30 Ya
$5
Motors
60
Gen
19 Ys
Jan
Jan
Nov
100
60
21%
*/08
1,600
Jan
43/a
Oct
9% July
161
No par
15%
24%
105
General
Jan
Feb
63/4
1
29Ye Apr
1343/4 Jan
A_No par
preferred
15
21%
104'A
5%
60
23%
:
126
$6 copv preferred series
General Mills___
73/4
143
33/b Jan
—No par
153/4
2%-.
34
4%
*140
142
*124
543/4
11 Ye
44
:•> 4%
Apr
19
24
4
Dec
413/4
May 11
170
4'/a
16 Yi
23
4
40
Feb
128 Ya May
20
37 Ye Jan
Dec
10 Ye
7 Ye Feb
114Y4 Jan 22
par
58%
25 Ye Apr
156 Ya Jan
par
Corp
Jan
22Ye Mar
22
27 Ya Mar
Dec
51
/•
1
175
100
No
10%
Y>' 4
100
No
*108%
*128
par
Dec
23 Ya
19
Mar 21
Jan
General Electric Co
11
2 Ye
No
preferred
Cigar Inc
preferred
.
General
110
34%
22
6
19
14,200
10 Y4
133
17 Yt Jan
7 Ye
Feb
IOY4 Mar
2
par
Jan
27
55 Ye Mar
2
35,800
*103%
34%
83/4 Jan
160 Ye Jan
4%
7
Apr
106% Mar 22
31
par
No par
60
28%
Jan
4
70%
125%- 126
14%
18
49
Dec
7
1043/4 Apr
423A
*130
Nov
14 Ye May
42
132
66
5Y4 July
17 Yi
13 y4
2
22
42%
4
Oct
Mar 27
8 Ye Mar
12% Jan
4P/4
;,
62%
72
64 Ya May
42 Ye
4 Ye
Jun
2
42 Ye
'
Dec
18Ya
2
5
Corp
Foods
18 Yj
Sep
Jan
No
cum
7%
Dec
15Ye
58
42 Ye
11
*128
1%
General
16
5
Class A
430
16%
19
31
42 Ye
130%
*59
General Cable
1,200
12
2
General Bronze Corp
2,600
283/4
18 3/4 Jan
203/e Apr
7 Ya Jan
5
No
2,500
171
Jan
l
preferred
5,100
126 Ya
Jan
12%
100
6%
126
Jan
2Ye
20
Jan
Transportation
General Baking
223/8
*169 Y2
23/4
20
23
Amer
$8
27
Feb
7
50
.
$4.50 preferred
%
x28 3/4
171
1
9 Ye Feb
18% Feb
5
Investors
6 Ye
22
2934
*167
Amer
66 Ye Feb
Inc
41 Ye
110
2 Ye
34 3A
133
21
Industries
43 Ya
10%
2 Ye
2%
34'A
*128
*20Ya
21
preferred
Wood
par
42%
69 Ye
28%
29 5
29%
171
*108 %
10%
;>
$3
14Y4 Apr
16 3/4 Mar
par
42
142
130
70%
126
28%
21
128
29%
171
4
142
131 %
110
110
9Ya
126 Y2
29%
*167
125%
10%
6,700
175
126%
127 Y4
127Y4
29%
4Yv
*124
28 %
93/4
1743/4
63A
171
*140
*108%
Gen
23%
4Va
14%
2,300
61/2
42%
*57
53 Ya
22%
42%
70
107 Ya
53%
7 Ya
42%
125 Ya
"IO6Y2
233/4
42 Vb
142
Gen
6Ye
42 Ye
127
7,300
23%
43 Ye
130
1434
6 Ye
43%
127
14%
V V
23%
44
130
Gaylord Container Corp
5Ya% conv preferred
63/4
43%
*140
62%
2,300
120
9Ya
174
174
213/4
No par
Co
10,200
Gar
Jan
No
(The)
54 Ya
9 Ye
■'
Co
107 Ya
54
10
174:
Gardner-Denver
8
23%
128V2
29%
4%
55 V-::?;
Gamewell
300
7 Ye
Ya Jan
____20
300
28% % 29
8%
Ya Jan
4
16
No
;
60
8
6
1
.—20
(Robert)
75
7'A
44
in
8 %
9%
175
42'A
'
8
cl A
(The)
Inc
preferred
19%
19%
*72
24%
*167
Co
6 %
1,800
15%
61%
'62%
43 3A
4
*15 Ye
16
20
9%
127%
29%
171
Gabriel Co
Gair
72
8%
174
6 Ye
1,400
7,200
30
55'A
24
7%
5%
17 Y'Y 17
17 %
71%
108
21 %
128%
29%
*19
14 Ye
55
7
128%
*15
9%
24%
*167
15%
8%
*173%
213A
7
15%
64 %
9%
174
*23%
16
30%
*107
55
*173%
16
64%
108
*10*%
17
8
7%
5%
5%
'
17%
72
143A
7%
5%
17%
30%
14%
7%
6
17%
19%
19'A
30%
5%
17'A
16 %
*71
64
7%
7%
6
17%
*15%
20
*71
8
5%
6
17%
16
8
7%
5%
17%
Jan
6Y2 Aug
189%
Dec
I6Y4 May
Dec
Jan
62 Ya
•42Y4 Sep
50 Ya
Dec
33%
Dec
22 %
Dec
.
H
:
'
*36
19
Ya
*107
107
108
108
:
22
22
-
*152
3*Ya
„
35
34 Ya
10
*9% v 10
*110
113
For
*
*106Ya
107
*152
•
19 Yt
19%
22
:
>24
24
24
.
*110
footnotes
see
Y
^
24 Ya
19 3A
108 ■"
107
/
22%
35 Ya
108
108
*106%
22
35
10
10
lllYa
..
.
108
107
107
107
22
22
22Ya
2127.
*110
35%
10
34 Y4
10
♦110
300
Hall
19 Ya
1,700
*19
,
107
107
•107
107 Ya
107
34%
10 *
243/4
*24
19%
107
*107
107 Ya
22
33 Ya
•
34%
9%
93A
*110
21%
22
70
240
3,300
111%
33
*9 Ya
♦110
33%
4,700
'9 Ye
1,000
111%
Printing
6%
33
—25
Water
15% Jan
..100
preferred
20 Y2 Jan
—No par
106 Ya Apr
107
Hanna (M A) Co $4.25 pfd—No par
Refrac
No par
preferred—
loo
Hart, Schaffner & Marx—
6%%
preferred
class A
10
1
(modified)—100
2
-
38
2
26
Mar
19
12
106
12
102
6
15
2
138
Jan
22
2
13
HOY. Jan
Feb
28
11.0 Y» Jan
2
Feb
17
154
x30
.
Apr
73/4 Jan
107
Jan
223/4 Mar
155
Apr
35 Ya May
9
4
13
27
Apr
■15Y4 Mar
Feb
25 Vi Apr
-
2
183/e Jan
Harbison-Walk
Hat Corp of Amer
Jan
10
Co
Hamilton Watch Co.
6
*152
♦152
111%
Hackensack
39
2434
Y4
x21Ya
•152
111 Ya
100
*36%
*
108
*152
„
page
:
,
7
10 3/4 Feb
110
Jan
11Y4
Apr
16 Y4 July
Apr
111
Jun
109
Dec
Ya, Apr
21
July
152
Dec
.
July
7
16
~5Ye
Jan
6
104%
Jan
8 Ya
110
Jun
July
RECORD
NEW YORK STOCK
LOW AND
11%
7
111
1134
7'/a
11%
7%
23 Va
77
113/4
113%
12 %
11%
11%
7%
8%
774
8%
734
8%
110%
110%
23%
23 %
77
77
23%
77
*75%
>
9 per share
9 per share
share
11%
110
23%
i
75%
*177
*177
"111
23%
*75
233%
75%
293/4
30
29%
30
29%
2974
2974
88
88
88
883/4
88%
88%
133%
131 Va
♦77%
*773%
8IV4
*773/4
/
81%
♦124
128
♦125
128%
♦132%
132%
132%
132'/a
132
29%
26
*28%
29%
*28%
26
♦28%
*26
26%
25%
♦48
49
*17 "a
/
18
♦117
*28%
29%
26%
2974
*25
26
30 74
29%
*25%
20%
*25Va
48%
48V4
*47
18%
*18
*47
48V4
18%
18'/a
21%
50%
2274
22%
117
117%
49Va
513/4
45%
46%
21%
22 Vs
117
*117
49
45%
*4 5
46%
46%
46%
23
22%
2334
22%
23
22%
22%
213/4
22%
26%
2674
26%
26%
2674
26%
26%
26
20%
1073/4
107%
79 'A
79%
16%
3
1073/4
108
79
79%
'
18 74
1674
16%
17
15%
4174
43%
42
43
40
3
3
3 Va
3%
13
14
13
13%
29%
29%
2974
29%
29%
2974
29
29%
28%
30%
29%
3074
5%
5%
5%
5%
574
34
33%
34%
34%
*35
35%
35
35
35%
35V*
33%
35%
32%
32%
23%
*106% 108
120% 1207a
23%
48Va
48%
*106% 108
120% 120%
*170
*170
8472
32
33
,
23%
23%
23%
'
47Va
48
48
48%
*106%
107%
120
119
—
93%
9V» :
12%
12%
12%
9 7a
49%
*9
50
9%
50%
*9
49%
6%
108
10%
108
108
6%
6%
6%
10
937a
10%
10
1
*189
89
90
90%
90 Va
.
.
*170
*92
94
90%
71%
86
33
23%
173
93%
13%
9%
48%
127/a
*9
48
*107% 108
13%
9%
49%
6%
6%
10
10%
194
*189
192
192
192
34%
34%
48Va
*106% 108
*119% 120%
108
6%
IOVb
:-
*189
88%
90%
•
*847a
31%
10%
90%
185
185%
4
4
3%
4
*/: 4
4%
4
23%
24%
6 Va
139
23%
*82%
84%
6%
6%
6%
33%
34
33%
33%
33 Va
*137
.
23%
84%
23%
*82%
6%
*137
139
*137
23
*82%
,>:V'
34%
36%
26%
27%
26
92%
92
92%
92
92%'
*13
13 %
13
13%
*84%
85%
84
85
*46%
47%
47%
*40%
40%
40%
*113
117
139 Va
*125
30
30%
*125
139%
29%
31%
29%
30%
29%
24%
24
24
26%
26%
26%
37%
37%
38
30%
31%
24%
*25%
38
30%
149%
♦148
40
35%
*110%
*110%
33%
*115
33%
87
87'/a
87%
*102%
103%
103%
28%
28%
28%
87
36%
*110%
—
32%
33%
35%
112
103%
28%
36%
12%
2,000
12%
12%
84
84%
49 ■';«-!
40%
115
30%
24 %
26 Va
37 Va
32
86
*46%
149%
*83
*40 Va
*125
28%
*112
115%
♦125
139 Va
29%
29%
190
49
100
29%
29%
23%
2,200
25%
25%
36%
*148
40
*37
37 Va
149
1491/a
*38%
40
37V4
1,000
\
700
149
10
39
800
32%
86
102
103
29%
30%
*115
„
30% 31%
85%
85%
100 A 100
28%
29%
___
„
31
31%
*85% 80%
*99
100%
29
29Va
16% Jan
2
25% Apr
17
107 % May
Jan
-
73
Apr
63
114
19
125
8
36% Mar
47%
Sep
19
13%
Jan
21%
Nov
5
119
Apr 11
53% May 11
47 % Apr 11
233/a May
7
28
Apr
3
13%
Jan
19%
Dec
49% May
20 % Feb
22% May
111 Va Jan
7
39
May
133/4
63
18
20
7%
433/4 Feb
21
30%
Feb
1%
Jan
6
Jan
6
3 VB Mar
14% Feb 15
16
Jan
19
<
13% July
37%
2a/8
11%
•
27
32% Feb
2
Jan
22% Mar
28
14% Jan
6
30% May
8
2
5%. May
7
1%
30
72% Jan
24
18% Jan
22
19% Jan
39% Jan
2
1
28
Apr 28
87
May 8
35
Apr 28
25% Feb 20
2
48% Apr
1000
No par
No pat
No par ,
24
109 V8 Mar
16
105
Jan
104% Jan
37% Apr
26
76
120% May
,
94
Dec
56
Dec
Jan
77%
Dec
Jan
22
Dec
88%
71%
9 Va May
Apr
1
27
11
6% Mar 28
8V8 Feb
6
8% Mar 26
10% Mar
1
/;
May
90% May
8% Jan
6
25
3
173% Jan
No par
23%
6
37% Jan
50% Apr
109
192
19
74% Mar 21
No par
32%
158
8
104% Jan
178% Jan
187
4
Apr
;
7%
29%
104
Feb
67%
Apr
82 Va
Jan
180 %
1%
Jan
94
9% Mar 26
79
Mar 27
42% Jan
15
130
Feb
Jan
Dec
18%
Dec
80
Jan
6 Va
Jan
Jun
Dec
Jun
32% July
136-
Jan
Oct
13 Va
Feb
21%
Dec
66
Feb
94
Dec
7
Mar 19
7%
Feb
12 Va
68%
Jan
92
Jun
39%
Jan
47
Aug
35%
Jan
43
Sep
56%
Jan
93
Dec
Feb
135
11%
Jan
20
Dec
11%
Jan
20 %
Aug
3
21
47% May
42
4 %
8
13% May
88
65
Nov
3% Aug
,25% Apr
May 10
27% May
188
Jan
15>/a
/
1
26
Dec
165 «/2
5
84% Jan
105%
.154%
7% Feb
140
40% July
Apr
Nov
7
36 % May
26
Jan
7
27
84% Mar
24
Sep
12% July
8% Oct
8% July
2
23
Feb
Nov
Aug
10% July
2
Feb
165v
x87
Jan
5'/a Jan
19% Jan
111%
Jan
Mar
6%
75% Jan
28% Jan
Oct
Dec
Jan
5
Feb 21
24% May
7
129:
106%
Jun
6%
2
/
20%
42% July
9% May
,
Jan
2% Jan 23
17
Nov
Feb
100
May
2
Jan
11% Mar 26
Aug
8
14% Mar
82
6
15% Apr
35% July
5
Mar
Jan
46
7
171
2
Feb
166
Dec
Aug
25% Jan
13
3
19% Jan 24
Jun
10% Jan
2*
37% May
47% Jan
29% Jan
July
28 >/b July
16%
8% Feb
3% Jan
Sep
70% July
Feb
34% Jan 20
Aug
114
Feb
Apr
Jun
183/8
Nov
18% Apr
81
Apr
45
Jan
107%
Dec
47% July
Jan
42
18
117
Oct
115
2
Jan
Dec
23%
22
2
*
20% Jen
12% Jan
10
July
#
25% Aug
Feb
66% Jan
5
.
15
Jun
39
Feb
2
Jan
2
121% Mar
6
137% Apr
19
137% Apr
19
18% Jan
2
31% May
18% Jan
2
31 Va May
17% Jan
2
24 % Apr
17
15
Apr
20% July
19% Jan 24
26% Apr
41% Jan
24
9
15
Jan
20Va
;29
Jan
45
July
138%
Jan
144
Dec
Apr
Jan
Feb
Nov
38%
112%
105
34%
Aug
Nov
Dec
—
preferred—.—.———-100
No par
—No par
No par
No par
1
1
36% Mar 27
145
.
22,000
600
700
7,300
12
Jan
149
117
7
May 11
34% Jan 22
111 Jan 23
Jewel Tea Co Inc
No par
4 % % preferred
100
Johns Manvllle Corp
—No par
Johnson & Johnson———12%
*111% 115% >
:'
—
112% 113%/kv> ;,.2,200
35%
35%
2,100
112
112
20
*115
112
*111% 115%
113% 113%
35%
35%
*110% 112
2
4
Jun
Mar
41% Mar 6
27
113% Feb 15
107%
Apr 21
84%
37Va Mar 1
30
4% 2nd preferred ser A—
100 . 109% Jan 27
112% Apr 17 >107%
Joliet & Chicago RR stamped—100
90
Jan 10
102
Apr 25
90
Jones & Laughlln Steel
No par - 27% J an 24
33% Apr 30
20%
5% pref series A_
-—,
100
79
Mar 27 \ 88% May 1
.58
5% pref series B conv.
J.00
91% Jan 2
104% May 4 ,
66'/a
Joy Mfg CO1 /
19% Jan 9
30'A May 9
10%
6,800
23%
18
Jan
44% Jan
89
134
28
17% Apr 26
42
Apr
Jan
29% Feb
23
116% Apr
Feb
75
30% May 10
2
15
Nov
27%
19%
25
-
17 Va Jan
20
Intern'l Telep & Teleg
Foreign share ctfs,
Interstate Dept Stores
Intertype Corp
Island Creek Coal
$6 preferred
114,300
23%
25%
80
170
Apr
128
10
May 3
134% Apr
131% Apr
Feb
753/4
Jan
Mar
20 Va
92
1%
139'/a
29%
15
Jan
633/4
Sep
Dec
22% July
50
International Shoe
23%
15
Feb
413/, Jan
100
100
-100
International Silver
28%
♦25
Feb
Sep
160
Dec
8%
—No par
500
29%
15
25
———-100
200
40%
116
8
Feb
72
—100
—
Jarl
23% Jan
2
24
177% Apr
313/« Apr 24
90% Mar
6
123
International Paper Co
15
5% conv preferred
;;
100
Inter Rys of Cent Am
No par
5% preferred———100
International Salt—
No par
58,800
84
•46%
49
40% "40%
*110%
*115
32%
32% /•
*86
86%
*102
103%
28%
30
12%
12%
85 Va
*110%
,
Preferred
80
2,300
*39%
40%
■->•111% 115%
115
116%
35%
36%
112
—
75,000
92
*148
149%
40%
35Vs
139
4
22
82
Machines
777/2 May
2
Jan
130
Int Hydro-Elec Sys class A
25
International Min & Chera
5
4% preferred
————100
International Mining Corp—1
Int Nickel of Canada—
No par
7,000
91%
:
71% Apr
.93/4
112
Mar
20%
10
,
Highest
$ per share
Jan
99
8
Feb
1944
■
Apr
2%
8
24 % May
10
223/4 Jan
170
Preferred
—
6%
20% Jan
International Harvester
6,800
83
..
Mar 13
108
118
6%
15
8% May
/
I per share
share
12% Fo'o
4
Mar 26
6
Industrial Rayon—
$4.50 preferred A
Ingersoll-Rand
No par
6% preferred
100
Inland Steel Co
—
No par
Inspiration Cons Copper
—20
Insuransharre Ctfs Inc
1
Interchemlcal Corp.
—No-par
4%% preferred——
100
Intercont'l Rubber—,.
—No par
Interlake Iron
—No par
Int Business
8,800
92
37%
118
139
4Va
22%
90%
*25%
38
115%
*115
—
34%
35
140
184%
91%
24
v/v
40%
35%
35%
112
*115
34%
6%
.
490
26 '/a
29%
30%
*111%
116
*81 Va
6 VH
6,300
25%
30%
41
118
84
6Va
87
25%
139 Va
115
117V*
22%
22'/a
200
25
29
41
117%
35%
*125
*111
115%
117%
*148
6%
30%
26%
*37
4
4%
23
*82%
23%.;
84
139%
24
;> 184
10
1,700
16,300
140
*112
23%
85%
6%
26
40%
>;>
115
25%
149%
*148
40
♦111%
'
>
30
108
138
*46%
49
*
115
9%
*189
87%
9Q0
6,900
800
2,000
190
6%
10%
12%
/>
40% >40%
40%
:
85
*46%
49
*107
*84%
13
83 Va
115
*112
*125
*12%
;
/
___
91%
26%
92
/
1,200
25
138.
140
26%
25%
6%
119% 120
173
*90% 91
12% 12%
'9Va
9Va
47% 48
135 VA
185
5,600
3,200
*170
190
86%
1,900
23%
47% 48%
*106% 108
6%
9%
86%:
32
23%
.103
6%
186
84%
317-4
92%
12%
12%
9% / 9%
47%
48
*189
194
*85
9% Jan
Idaho Power Co
Illinois Central RR Co
6% preferred series A
Leased lines 4—
RR See ctfs sertes A
Indianapolis Power & Lt
900
40,800
1,800
.40
■ /
69
69
173
*107
6%
34
33J/a
32%
32
*170
90
185%
6%
29%
303/8
34
23%
48%
*106% 107
119
120%
185
23%
3
13
5Va
23%
47Va
185
*82%
1,000
18,000
6,400
9,500
1,400
; 4,800
64,400
68,300
42
34
33%
69%
86%
69%
186
4
«
9 per
I per share
Par
;
Holland Furnace (Del)—.
—10
Hollander & Sons (A) —
—.—5
Holly Sugar Corp
No par
1% preferred
100
Homestake Mining
12.50
Houdaille-Hershey cl A
No par
Class B
No par
Household Finance
—No par
5% preferred
100
Houston Light & Power Co.—No par
Houston Oil of Texas v t C—
25
Howe Sound Co
9
Hudson Si Manhattan
100
5% non-cum preferred
100
Hud Bay Min & Sra Ltd
—No par
Hudson Motor Car
No par
Hupp Motor Car Corp
1
t
21%
5
100
200
300
1,400
700
- 2,700
,
10
1 6,000
700
9,000
. 3,600
1,060
48
18
5 Ve
34
32%
4
184%
3
12%
5
5'A
48
;
—
93%
12%
109
*108
23%
—
93Va
93%
12%
49%
34%
33 7a
70
85
87
84'%
32
23%
*170
29%
5
32%
84%
'31%
,
41 %
3
*12%
29% ■;>>'
29%
29V3
-29%
41 Va
x29%
28%
»'
'
86
*83
.
131/2
28%
16%
*
3
12%
29%
71
71
69
3Va
29Va
71
72
72
79
17%
13
4%
1073/4
*77
79
43%
274
13
*123'4
1073/4
1073/4
163/4
42%
3
79%
79%
42
16%
42%
107%
108
107%
*79
26
51 Va
46
47%
22%
26%
*46%
t'
4
117%
5 3 74
45
4 5 74
21%
21%
26%
20%
107% 107%
78
78%
16
16%
52'/a
1,400
900
—
/
*117
117%
51
17%
21%
.
' 4,300
,
v
EXCHANGE
/
/■•.
Lowest
Highest
Lowest
Hayes Industries Inc
Hayes Mfg Corp—
Hazel-Atlas .Glass Co
Hecht Co,
Helme (G W)
.
1% non-cum preferred
Hercules Motors
Hercules Powder
6% preferred
Hershey Chocolate
$4 conv preferred
Hlnde <fc Dauch Paper Co
Hires Co (C E) The——.
---
—
28%
88
*131% 133
*77%
8074
*125
128
* 29
30
127
*125
18
22%
513/4
50%
50
127%
7774
28%
49%
*117
117%
50
♦117
132%
81 %
24
> 88
87%
131 %
80%
18
%
22%
22%
22%
22 %
18
*7734
1273/4
*75
*177
29
483/4
49
49
*17%
*81%
128
6,700
72,900
f,
320
3,500
' ,
200
110
2 3 74
'
77%
"
28%
87%
131 Va
*773%
29 %
89
11%
8%
110%
11%
8
24%
*177
—
88
♦125
110%
110
110%
the Week
Shares
Year
Range Since Jannary 1
NEW YORK STOCK
Sale# for
"
May 11
$ per share
May 10
9 per
111%
23%
23%
•76
♦177
V
share
8
110
111
Friday
Thursday
Wednesday
May 9
Range for Previous
STOCKS
HIGH SALE PRICES
11%
9 per
9 per share
M
Tuesday
May 8
Monday
May 7
Saturday
May 5
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2122
101
31
Jan 2
Jan. 25
119
111
Sep
May
95
Oct
Dec
Sep
Dec
May
28
Dec
80
Dec
93
Dec
20% Dec
•
Jan
Jan
Jan
Jan
K
27%
27%
26%
27
27%
124
*120
124
*120
*118
26%
27%
*118
123-
267/a
26%
*118
123
*26%
26%
123
*118
27%
20
Jan
par
117
/ Jan
Kansas
par
13
Jan
22
22% Apr
100
34
Jan
22
20
21%
20
21
19%
20%
19%
20%
19%
20%
13,700
51%
50%
50%
49
49
49%
50
47%
49%
*47%
48%
2,300
21
21
21%
*21
21%
21%
.21%
*20%
21%
*201/4
21%
200
28%
28%
29%
29V4
*28%
29
28%
28%
1,600
Kayser
27Va
27'/8
Kelsey Hayes Wh'l conv
'
24%
26%
24%
25
37»A
38%
38%'
27%
27%
27%
29%
27%
27%
24%
24%
23%
24%
24
24
3,900
37%
38%
37Va
37%
37%
37%
26
26
*25%
26%
*25%
26%
44%
44%
37%
38%
26
26
26
26
44%
44%
44%
44%
44%
A
v
44'/2
9%
9%
*75%
76%
31
9
*75%
28
44
4%
*46
28%
28%
9
30%
>
•
*8%
•
73
30%
29%
30%
*108%
31 '/a
109%
28%
73
45
109Va
108 Va
108 %
28%
28 Va
*72
28%
28%
10%
10%
10%
*9%
10%
*9%
10%
40
40
40%
40%
40%
40%
V
29%
108%
»':•
28
41*-
4%
44 Va
5
43%
4%
44%
42%
43%
X42
*10%
40%
42%
41%
29%
28%
10%
41
42
4%
4%
4^4
4%
28,100
33%
33%
33%
1,500
45%
45%
*45
46%
*44
46
*43
53 %
*53%
53%
*53Va
53%
53
53
*51%
13%
13%
13%
13%
13%
13
13%
12%
13%
13%
34%
34%
35%
34%
35%
34%
35V2
33%
34%
33%
137
141
140
134
142
134
141%
139%
12%
'.12%
12%
12%
11%
12%
11%
12%
11%
:
2%
2%
2%
2%
2%
2%
2%
2V4
2%
134
11%
*2%
43 %
45 Va
44%
45%
42%
43
42%
42%
441/4
42%
11%
..-/
2»A
44%
43%
43%
42%
43
43%
42%
42
42%
41
42
41
200
53%;
300.
Lee
13%
10,300
10,600
135V2 >
12
2%
44
41%
1,240
29,900
4,500
6,100
2,600
22%
22%
22V4
22%
22%
22
22%
22
22
19%
18%
19 Va
19
19%
18%
19
18%
18%
18%
19
5,800
64
65
64%
65
65
65
64V4
63'A
63%
63%
64
4,700 '
*22
22%
900
r
17
Jan
27
20
Jan
18
25% Apr
9
40
No
par
22% Mar 10
26
par
38% Jan
45% Feb
15
10Va Feb
78 Va Jan
29% May 10
10
108
10
26
—
'
Apr
Mar
28 V2 May
,
Jun
Jun
Jan
19%
Jun
37%
Dec
Jan
24
Dec
42
3
Feb
9%
78 Va
Oct
Dec
Dec
54'A
Jan
32
3
34'A Jan
112
Dec
Aug
24%
Dec
34%
Dec
108%
Dec
Feb
27%
Nov
108%
5
22
8
10 Va
Dec
7
11
Feb
13
6%
Jan
41
May 10
27%
Jan
39
Dec
Jan
24
44 Va May
31%
Jan
37%
Nov
4% Apr
31% Jan
No par
5
3
35% Jan
19
26
Apr
x311/2
Dec
Jan 24
Jan 22
48V2 Apr
19
171/4
Jan
31V4
Dec
54% Mar
2
38
Apr
491/4
151/4 Feb
15
8
Jan
12%
Oct
Feb
20
21
Apr
31%
Dec
Mar
6
113
Jan
13Va May
3
37
100
30
—5
47
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement
25
4% conv preferred
100
Lehigh Valley RR
50
Lehigh Valley Coal
No par
6% conv preferred —
50
Lehman Corp (The).
1
Lehn & Fink Prod Corp
8
Lerner Stores Corp
2
Mar 26
20«A
x26
19
36
No par
No par
Rubber & Tlre_—
Vi May
8% Apr
1
—No par
Bak
Feb
.
19'A
15
73
par
Feb
Dec
31% Mar
23
21
8% Jan
—1
—No
14%
39% Mar
29%
14
8
124
13 Va
30
24
May
3
2
Co
44%
34
Feb
14
28% Feb
—-100
Laclede Gas Lt Co
Lambert Co (The)
Lane Bryant
19
*21%
(S S)
Kroger Grocery &
2,800
33%
45%
135
Kresge
13 V»
29% Feb
24
Co_.._
Kresge Dept Stores
Kress (S H) & Co
300
1,600
5
(G R)
Co Inc
4%% preferred—
5,000
21% May
22% Jan 23
H-
>
Jan
18% Jan -26
t" 111 r-1 r-.T
—No
prior preferred-
Dec
23% Jan 22
V« Jan
Koppers
110
'
133%
$5
1,900
108 %
34
53%
:
Kinney
50
4%
45%
33%
1,200
19%
5
35 Va Jan
1111 -1
21% Aug
Apr
6% Jan
;
23
1
cl A
-j r
Corp
117
Mar 26
No par
B
Kimberly-Clark
124
1
& Co
Keystone Steel & Wire Co.
500
3
—8
Dept Stores—
(Julius)
4,100
33%
53%
34
8%
74
Class
-
Kennecott Copper
23,500
5
33%
33%
45
34
i 5
; 34%
;46%
53%
13%
30%
*108%
*8%
9
74
*26%
45
10
40
33%
31%
44%
39%
43%
.10
43%
9
x74
9
76%
109V4
28%
28%
*9%
8%
75%
31
109
*39%
9%
79%
109
31%
*108%
Kaufmann
1,800
25
27
38%
*25%
,
29%
24%
27
24%
*26V4
29V4
27 >
29
preferred-
non-cum
3
.
16%
1
51% May
21%
51%
4%
,
No
b L Df ser B-.
—No
City Southern
21
*21
28% Mar
10
Kan City P
Kalamazoo Stove b Furn_
1,000
123
Jan
12
Jan
29V8Jan
123Va Jan
6V2 Jan
2 V8 Mar
^ 35% Jan
36% Jan
4
24
29
30
26
22
22
20VaJan
7JA Feb
37
143
7
Oct
'
2
•
mmmm
—
127
Dec
Dec
4V4
Jan
8Va
Dec
2
l'A
Jan
2%
Dec
45% May
7
15%
Feb
391/4
Dec
43
5
29%
Jan
38%
Dec
3
Jan
May
>
7
18V4
Jan
21%
Jun
17% Jan 22
(new)— -No par
3
23% Mar
19V4 Feb
28
17%
Dec
19%
Dec
51 (Wan 24
7% Jan 2
65
42
Jan
1
8%
8%
8%
8%
8%
8%
8%
8%
8%
8%
50
50
50
*50
50%
50
50
50
50
88%
*88%
89%
X88
88
Va
88
88
90%
88%
90%
88%
90%
90%
90%
X90
90%
89
90
*194%
195%
*194'a
lyd%
194%
195
194
194
*49 %
88%
*34%
55
'36%
56
49%
'50
•
*34 %
55
49%
For footnotes see
90
194%
34%
•34Va
571/4
55%
49%
page
2127.
49%
34%
56
49%
*34%
54
49%
195
8%
*49%
8%
20,200
50
300
*871/4
89
600
89%
90
3,300
*193
194%
110
34%
34%
34%
*321/2
34%
100
551/4
54
54
*54
541/2
2,400
491/2
49
49%
*49
49%
2,500
Libbey Owens Ford Glass—No par
Llbby McNeil} & Llbby
7
Life Savers Corp
8
Liggett & Myers Tobacco
,28
Series B
:
—-25
Preferred
100
Lily Tulip Cup Corp
No par
Lima Locomotive Wks
No par
Link Belt Co
No par
"
47'A Mar 28
78
Jan 2
May
5
9
% Apr
Feb
1
90
Apr
25
91
May
6%
17
52
4
Apr
53% Aug
8% July
39
49 V2
68'A
-
Jan
Jan
831,4
67'A
Jan
861/2
Dec
Jun
Jun
78
Jan
3
181
Jan
5
195% Apr
25
174%
Jan
32
Mar 28
47% Jan 25
41% Jan 22
38% Feb
21
26%
Feb
32%
Dec
182
Nov
59 Va Mar
1
36
Apr
52
Dec
Mar
7
37
Jan
44
Dec
51
Volume 161
THE COMMERCIAL
Number 4385
& FINANCIAL CHRONICLE
2123
NEW YORK STOCK RECORD
AND
LOW
PRICES
SALE
HIGH
STOCKS
Range for Previous
"
Monday
May 5
Tuesday
May 8
May 9
J>
$ per share
$ per share
Thursday
Wednesday
May 7
Saturday
$
per sharo
$
per share
$
22'%
22'%
22
22'%
21%
21%
32'%
32'%
33
33
32%
33
33
3334
32:,/4
33 %
23
23%
21T4
22%
22%
22%
22 %
23%
22 Va
22%
78%
78%
78%
79
79
79%
78
59%
59'%
60
60
60
59 Va
60 %
57%
19'%
19'%
19%
19%
19'%
19'% •
19
19%
Xl7%
49
49 Va
49
23%
23%
23'%
the Week
per share
Shares
79 %
59
■■
Sales
May 11
per share
*22'%
23
>■"]£
-i
176
*173'%
"
43'%
49 V2
23
23%
55%
56%
55 Vi
176
176
26%
55%
—;
57%
*152
■;
58'%
*32'%
34
35
58%
35
34'%
35
57'/a
,
34%
.
*109'%
109%
*17%
18'%
18
18'%
18%
*109
18
18'%
18%
*400
*380
450
8Vs
109'%
109'%
58
26%
52%
32%:
'
*380
450
563/4
19%
450
*380
15%
273/8
275/a
3%
3%
8
8 Vs
3%
3%
3%
7%
8
7%
8 »/8
Vv
14 Va
28
16
<■:
/
•■■■;
8%
'
16'%
23'%
22%
23'%
22%
23%
22;
24%
24%
24%
24%
24%
24%
13'%
13%
13%
14'%
13 Va
14
13%
14
47'%
47'%
46'%
47'%
45'/a
46%
45%
46
30 Va
30'%
30%
30%
30
30
29%
30%"
11
::
33
:7V
21%
33
.
8%
*14%
'
"16%
16%
16
31,500
Marine
g50
Market
14
14%
38,100
Martin-Parry
45'%
45%
45%
5,600
Masonlte
30V4
*29%
29%
1,200
Master
25%'
2,800
Mathieson
*192
195
36%
36%
195
363/4
103/4
11 %
11
11%
25%
25%
24%
37
:
7/
10%
49
190
32 %
*32
33
*313/8
21%
213/8
113
213/a
*21 Vb
111%
213/s
*107
111%
*111%
37
21%
56Va
37
37%:
21
57%
57%
57
25 %
25%
25%
57
*104
107
400
-
21%
37
•:
V
-
;
107
*105%
16%
17
16 5/8
16 5/8
16%
16%
*111%
112%
*111%
112%
112%
19 Va
19%
19 %
1123/a
*111%
19
19 %
'%
19
19
19
19
14'%
14%
14%
143/a
145/s
13%
14%
14%
103'%
101 %
103%
*101»%
103 Va
*101 %
101 %
101%
98 %
98%
983/4
98%
*98 Va
993/4
*98%
99 3/4
38'%
39 Va
39%
39%
39 Va
39 3/4
*39
40
*39
40
19'%
19%
19 Va
19%
19 Va
21
62
62'%
63'%
63
65Vb
45
43 Va
45 %
45%
45%
44
44
43 3/b
44
44
44
108
108
108
*39
40
/
20
*64
108%
20%
64%
193/a
20%
62%
63
64%'
108
*107%
7%
107%
43%
1.500
30'%
44
1%
*109%
108
160
8
28%
44
293/a
43%
*158%
58%
57
.
17
17%
"
47%
/
-
17%
*2
2'/a
47%
58
42%
*158%
17
2
2%
47
47%
46'%
i
v
/
*1097/«
112
*109%
112
*109%
*111
111
8Va
8%
8'%
8%
119%
*116'%
119%
29 Vs
29%
.29%
29'%
8 3/8
9
3/a
;
:
28 3/8
29
~9%
9
118
28%
28
-
8%
119
118%
116% 117
,
27%
111%
♦111
*118
7'%
7%
7%
75/8
7Vo
7%
25%
7%
25%
73/8
26%
245/a
26 Vs
24%
25%
45%
45%
*45'%
45%
45%
45%
45
453/8
44%
44 V4
96
117'%
111%
*111
:
117'%
*115
111%
McGraw Elec
111
30
61
41%
:
X9G
39%
40'%
*41 %
29%
28%
*25%
116
*112%
116
*112%
116
111
*109%
112
111
*
111
60% ;/6iv4114
39%
42%.
59 Vs
26'%
26
26%
26
265/8
39'%
40
39%
40
39%
39%
13
13
13%
13
13%
*103
104%
104%
27'%
27%
273/a
27%
*90%
91
09
92
*114'%
115
*103
27'%
90%
•
90%
115
*114'%
'
17%
18'%
-8'%
*56'%
58
*55'%
21%
22
21%
*114 %
18%
173/4
1145/8
17%
1814
Co
X103
27
*92
114%
17
3,600
103
103
220
27%
27
27
1,400
94
92
92
400
103
114%
17%
114%
*114
17%
•50
17%
24,200
Jan
8% Feb
20
»6'%
Jan
9
,
Mesta
8%
4%
Jan
12
par
Mar
26
47'% May
37'%
Apr
51'% May
27%
Jan
16
5
32'% Feb
4
13
16
4%
Minn
vtc—
preferred
;—
:
Apr
32%
Oct
Feb
22
Dec
Mar
55% July
6
21%
203/4
21%
61,600
423/4
41
40
40%
350
25%
25
25
24%
25 Vb
5.900
National
Acme
18%
18%
19
*18%
19 Vs
8,000
National
Airlines
ll5/s
11%
11%
11%
16,300
13 Vs
13%
13%
2,700
103
Sep
Apr
20% Feb
27
8
Jan
16
82
Jan
100
Apr
24
70
Jan
94
Jan
2
x41'% Apr
19
31'%
Apr
38'%
Nov
8
8'%
Jan
16'%
Dec
21
Jan
,
.
8
37
Jan
25
Mar
,39
2
27
Jan
38
Dec
107
Dec
Jan
30
107
1
6
Apr
31'% Apr
24
45
22
Jan
3
Vz
ijll4
!
Jan
9% May
119
May
31'% Mar
9'% Mar
24
33
Feb
2%
Dec
Oct
Apr
105
Jan
Feb
19
2
5
115
Apr
13
Jan
4
119
Apr
2
Feb
27
Jan
12
8
8
Jan
Dec
114
,108'% May
107
Sep
6'%
30
46
Mar
17%
2;
44
Dec
93'%
Jan
111% Apr
62'% Apr
Oct''
19'%
8
Jan
Mar 26
Aug
Oct
9
Jan
97'% May
39
58% May
8
31'% Mar 19
46'% Apr
28'% July
144%
Apr
36'%
5
Mar 13
Ill Va Apr
Jan
1%
2% Jan
1
113
Jan
12'%
I
'4
47% Avxa j
May
26
8'% July
Sep
27 Vb
Dec
Aug
46
19'% Feb
19
Jan
Jan
23'%
116'%
6
Mar
68
Mar 27
Mar
Mar
160
3
55'%
Dec
9'% Mar
Mar 24
Jan
Oct
9
109
24
Jan-
Sep
65'% May
2
Jan
Dec
45'% May
3
Jan
May
13
,
44% Mar
3
4
108'%
47%
Dec
19% July
14% Feb
23
.
16'% Aug
101
Jan
16'%
36
25'%
79 V2
111'%
114'%
Oct
111
105'% Apr
Jan
1%
42'%
•
Dec
13%
3
May 4
109
110'% Jan 19
110'% Jan 13
7'% Mar 26
4
109'% Jan
2
22'% Jan
5'% Jan 22
.
104%
Feb
12
26
35
137
53
15'%
1
No par
10
No par
Nov
Apr
10
.
Mar 27
7'%
100
28%
97
May
Jan
106%
«
21% May
Mar
17
Jan
Jan
97'%
22
x82'%
110'%
13
53
40 Va
28'% Jan
Mar 10
-No par
No par
Murphy Co (G C)—
No par
4%% preferred
100
Murray Corp of America—
10
Myers (F E) & Bro
No par
20%
Apr
14
37
-
22%
Juu
112'%
47
Apr
27
Oct
21
Feb
6
543/
Munslngwear Inc
21%
Jan
28
—1
100
16
Dec
29'%
20
33'% Mar 10
—
57%
Jan
109%
July
Apr
41
32%
21%
23'%
31%
9'%
*55%
19%
July
110%
23'% Feb
112
J>0
$4
57%
11'%
44
4'% Mar
32'% Mar
106'% Mar
39
14'%
Montgomery Ward & Co
Morrell (John) & CO—
*55%
Nov
61V2 Mar
12%
98%
preferred series A
100
Carpet Mills
20
Monarch Mach Tool————No par
Monsanto Chemical Co———10
$4.50 preferred ser A
-No par
Preferred series B
No par
57%
Dec
176'%
2
94
35
7%
preferred-
24 %
Mar
2
109% Jan 24
17'% Jan 3
.
Mohawk
$7
111'% May 10
108
No par
Corp
11'% May
7
49'% Apr 27
4
13'% Jan 25
No par
Moline Power Impl
Jun
24
1
D—i
Sep
29
19% May
170
Dec
May ,5
112
104% Jan
:—-—5
series
preferred
7
25'% May
Dec
30'% Jan 25
No par
,
38
-
May
•
19% Jan
52
Jan
,
.
cum
B
Jun 1
14% May 11
-No par
1
Machine Co—,*
Class
Oct
8V4
•'
Aug
26
Metropolitan Edison 3.90% pfd—100
Miami
Copper—
5
Mid-Continent Petroleum—t
10
Midland Steel Products
No par
-
Dec
4
Mar
No par
-
(The)
1st preferred—
*56%
57
22%
94
1145/8
18%
21%
27%
*91
115
57
58
105
25%
xl2%
2'%
par
Mulllns Mfg Co class B
5,000
8
25%
4,100
5.230
28%
4% Mar
21
9,600
39%
28 3/e
2
20
12%
39%
28%
Jan
Dec
16
24%
Jan
36%
40%
28%
Feb
Feb
Apr
25%
39%
29 3/a
10 Va
18%
Jan
12%
200
6
7
13J%
100
10
Mln Trans Co_
&
10'%
Apr
15'% Mar
27% May
1
—
conv
Jun
16'%
36%
12,400
41%
26
Corp
5%
6%
8
Oct
Dec
391
17
18
preferred series A
Co
Jan
12'%
25%
59%
413/4
10% Jan
3
Dec
19
22%
1
12%
50
59 %
*41%
Jun
6
26
109 Va
Jan
14%
30
preferred series C__—-No par
No par
No par
Morris & Essex——i,——50
Motor Products Corp—
NO par
Motor Wheel Corp
5
Mueller Brass Co
—1
60
413/8 ■413/s
14
2
18% Jan
38
111
7
28%
13%
27Va
20
*413/8
293/4
40 %
105
2,200
*112%
26%
*26%
1,300
95%;
117%
13'%
*103
30
115
39'%
13'%
104
95%
*1133/8
61%
29'%
29%
115
41%
40'%
29%
95%
*1.133/8
60%
29%
95
800
115
40
28%
29%
97
2,600
18,700
27
23% Apr
No par
Co
Mo-Kan-Texas RR
7%
45%
Feb
Feb
3
Mar 28
108'%
20
5
Robbins Inc
&
Stores
$6.50
25.%
19
22'% Jan
38% May
Jun
27'% Mar
JVo par /
preferred
Mission
7%
104
22
1
*
600
24%
*112%
41%
40%
30
29
97 Va
Co
McGraw-Hill Pub Co
7.200
*44%
.
1
Jan
■
Minn-Honeywell Regulator —3
4% conv pfd series B
100
4'% % preferred series C—
100
36,900
273/a
114%
61%
61 Va
41%
61'%
*41
114%
115
*115
*111
96
96
*113
*115
30:
29'%
29 Va
29%
8%
119
*27%
273/4
Mar
22
*\
100
8 3/4
87/a
118%
25%
97'%
Dec
X26% Aug
110
24
Jan
1,500
112
7%
115
*
19
Jan
15'/a Apr
18'% Jan
2,900
2
*109%
26%
29 Va
Nov
48
Oct
21%
9%
40
8,300
2,300
47
112
*7'%
*96
Dec
148
Jan
24%
Jan
«
1st preferred
100
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
109
26 Vs
■v
/
463/4
*107
%
.
* 60 *
;
17
2
2
109
1,700
56%
17
47
*107
*116'%
*113
30
Feb
34'%
7
■
7,500
43%
156%:
*55 Vb
17
109
28%
158%
56 %
*107
*111
43
43
160
109
'
;
55%
28%
28%
28 Vs
43%
160
*107
*111
*111
293/8
112
(♦109%
Apr
135
22% Mar
Merch
4,000
8
77/s
109
*107
112
8
v
160
*2
2%
47%
47'%
8%
17%
18'%
*2
>,
47'%
109
*57 Va
58'%
17'%
1%
46'%
*107
44
*158%
160
57
17%
17
29%
44'%
160
57'%
57'%
30'%
29'%
--
44'%
7%
8
35% Apr
Jan 22
7% Mar.
*
——1
100
preferred w w
conv
Meligel
1,100
*42%
30
1
il
Corp—
$5.50 pfd ser B w w
Melville Shoe Corp.;—;
1,330
43
43
43
8 Vs
63
23
Apr
35'% Mar
$6
15,700
*42
27
Apr
27'% Jan 22
,19% Jan 25
111'% May 10
McCall
-
800
20%
Feb
59
15
Mead
6,200
20
44%
*42/
•
108%
108%
/<
33
153
2
Mar
No
Wks
preferred
McQuay-Norris Mfg.
'
160
Dec
Jan
25%
3
Jan
27% Feb
$4
30
30
165
20%
190'% May
10
99%
14%
Co
Alkali
McLellan
800
14'%
104
Elec
5%
*98'%
160
Jan
57% Mar 19
23 % Jan 26
400
4,300
*101'%
*
Corp
McKesson
*105 Va
17
*111 Va
i—No
No
Corp
7,900
107
17
14'%
*43%
151
Jan 16
3%
1
*.
2 5 Va
106
*106
17
112%
Co
Mclntyre Porcupine Mines—
107
7%
Mar 27
7% May
JVo par
Co„*-
L)
3.400
99%
8
20% July
176% Jan 12
Apr 20
35
4
8% Jan
40% Jan 15
110'% Jan 29
5%
600
.
(Glenn
McCrory Stores Corp__.
1,200
•:
21%
103%
108
Apr
par
200
14%
8
Dec
17%
16
14
■
1,100
113
*98'%
*107%
44
24
par
5
58
24%
253/8
24%
253/8
-
*2O3/4
323/4
*101'%
44
Jan
.——100
(new)
5
Maytag Co_
*
———No par
$3 preferred
—
No par
$6-1st cum preferred,
No par
300
111
—No
s.
May Department Stores
11,300
*471/4
*110%
47 Va
22
43'%
28
315
7%' preferred——
10
5,200
111
47%
48
38
•
2
1
14 %
*37 %
62'%
Dec
50'% May
147
47%
31'%
106%
16 Va
• 17
Exploration—,
Martin
*190
a
-
Marshall Field &
*21%
*43 Va
Dec
16%
283%Jan
'
No per
—100
No par
*
-10
50
1
1
Midland Corp,
1—— 5
St Ry 6% prior pfd
100
Maiacaibo Qil
3/a
_
—*
12,900
*110
21
113
Bros
29%
V
Co
Manhattan Shirt
*32
33
21
25%
Mandel
500
%
10
Square Garden
Magma Copper
Mahoning Coal RR
Manatl Sugar Co
10,400
21%
45
53
Jan
52
No par
;
Macy:(R H) Co Inc
4'%% pfd series A_;
200
111 14
48
Inc
14,500 /
57%
*43'%
.—50
Forbes
&
22
37%
*19
Feb
8Va
1
24%
56 Va
19 Va
40%
2
27'% Mar
21%'
21%
19'%
9
20'% Mar
2
No par
Nashville /new
&
24 VB
37 Va
*111'%
60'% May
6
9
2 4 5/s
57
112%
23
176'% May
22
37%
*111'%
Dec
Jan
15% Jan
4
24%
22
16%
81'%
,
preferred^.-——*.*—100
6%
Madison
6,400
8
56'%
25'%
May
166
Jan
23% Jan
5.800
7%
31%
107
58
100
8%
8
'
■:
600
4
22
16%
7
23% Apr
15%
3%
57'%
25'%
80'% Mar
2
27
27
37%
106'%
200
450
14%
27
6,100
18%-
*380
22
25%
Nov
22
18% Jan
Mack: Trucks
3,700
•
18
18
*56'%
16'%
Dec
23 Va
1——30
MacAndrews
.
111
*107
21%
113
106'%
30'%
Jun
50
No par
."
22 V» May
14%
Co__i_
preferred
Nov
19% Jan
24'% May 11
20
45%
•'
195
11 Va
11%
48%
*17%
*21'%
37%
17%
31
40% Feb
21%
-
-37
36%
43%
33
*107
13
2
19'% Jan
73% Jan
25
13%
25%
*190
37
*111%
21 Vs
21%
i6
V 25
25%
195
11%
49'%
in %
*32
113
36 Va
ll'/a
11'%
33
*107
37Va
*48
*
*190
190'%
37'%
49'%
16
25 Va
26
190 Va
li'%
Vs
*48
*111'%
16%
25%
7
34% Feb
t per share
29'% Jan
No par
Corp^
Highest
I per share
24'% Feb
19% Jan 22
>
Lowest
Biscuit
(P)
Louisville
200
343/4
3%
16
223/s
24%
38
Cement
f per share
'mJ //■;.;/
3%
16 V*
16 V8
26%
Inc
Louisville Gas & El A-
_ir-vy
7%
■
24%
i'i". i
7%
5,000
109
8%
14%
x27
23%
'
Lorillard
32%
57
34%
450
8%
8%
*14%
3%
*
.
*108
18
*380
450
8%
*27 %
"
Loose-Wiles
'
54 Vs
56%
187%
18%
15%
15'%
36%
1,000
•:
2,000
34 Va
*17%
18
27%
26
Long Bell Lumber A
>
•
*
53%
32 Va'
109
*108
19
8'%
*190
Lone Star
4,500
9,500
I8V4
26 Vs
26
*152
34
34%
18
8'4
8%
34%
19%
27'%
•
4,000
58
.
160
57%-
57%
18
*14'%
16'%
No par
•«
26%
*152
109
8'%
•
Loew'p
176 Va
32 '%
33
109
14%
8
No par
No par
1
23%
543/4
57
35%
21V2
7,%
/
.
Lockheed Aircraft Corp
*174%
176
55 Va
1093/4
18%
*17%
34
14%
4
Liquid Carbonic Corp_
23%
26%
*32%
*27'%
4
Lion Oil Refining Co
37,800
473/t'-473/4
23 Va
176
176 Va
♦152
*152
,r.'
58'%
1,200
2,000
24 Va
I8V4
; 48
23%
*
*152
21%
32%
225/8
57
54%
,
21%
18%
Year 1044
Highest
g per share
Par
'
32
-
.
26%
.
.
Range Since January 1
Lowest
•
34
*32'%
34
*26 '%
26%
4
*32'%
*174'/a
176
f
59
48 (
23 Va
-
i
STOCK
EXCHANGE
3,200
49
23 %
55'%
26%
55'%
22 %
49
23%
176
"49
26%
*26'%
•
*21'/a
NEW YORK
for
Friday
May 10
Dec
113
112
r
Nov
Dec
9'%
OCt
111
Jun
23'% July
2'%
Jan
8'/a
Jan
18%
Dec
Jan
39'%
Jun
29
19%
Sep
74%
Apr
6'%
Dec
25
Oct
88%
Oct
111% May
117
Jan
114
119'%
Sep
Nov
12
107'%
17
41%
Apr
21
35%
Jan
Jan
113
Aug
53% Nov
Feb
26
21'%
Jan
35%
Dec
7
15'%
Jan
24%
Jun
Jan
23
41'% Apr
Jan
20
29 7%
May
42
Oct
Mar 27
28'% Mar
1
16%
Jan
25'%
Dec
Jan
6
40
5
26'%
Apr
33%
Dec
Jan
6
1
4'/a
Jan
10'%
Oct
May
13'% May
May
4
27% Feb 17
72
Jan
20
Aug
15
92
8
70
May
1
115
4
110
Nov
Mar 27
Jan
8
Feb
Feb
105
May
Jan
100
Oct
24'% July
84
Nov
116%
Feb
Jan
5
18% May
7
87%
Jan
14% Aug
J an
5,
57 ,4 May
8
43'%
Jan
53'%
HVa
Apr
Oct
N
223/4
■;
43%
42%
43 Va
42%
413/4
26%
43%
X42
25%
25%
X25%
253/4
25
Nash-Kelvlnator
Chait
Nashville
*
26
18%
18%
18%
11%
11%
11%.
113/4
12%
12%
13
13%
/
11 s/8
12%
13
19%
18%
19 Vs
13i%
18%
11%
xl3
.
12%
133/a
*13
15%
16 Va
15%
16
15%
16
153/4
16
155/4
16 Va
25 Va
25%
25 Va
25%
25%
25%
25%
26
255/8
25%
*189
*22
23%
*22
22%
22%
194
*190
194
*191
194
192
231/s
*22
192
23 Va
16%
16
25%
4,200
25%
9,30p
192
*188
192
*188
22
22
22
22%
15
100
500
1%
Nat
preferred
Bond
&
15
153/a
143/4
15 Va
14%
14%
8,100
33%
35
343/4
34%
34%
34%
34%
34%
5,000
Nat
16
15%
16%
9,700
15
15
15
4,900
National
Corp
National Container-
15%
16%
15%
16 Ve
14%
15
14%
14%
14%
31%
313/a
31 Va
32
31%
31Vs
31%
8,000
Nat Dairy
23%
*23%
23%
2,500
12%
*11%
12%
1,000
42%
41%
42%
40 %
41
40%
41
43
42 %
42%
42%
42%
42%
42%
241/8
11%
11%
12
43%
43%:
413/4
433/8
41%
43
43
43
43
*42
17%
17%
106
106
29%
29
192
192
160
160
*17%
18
17%
29 Va
161%
*173/4
25%
25%
253/4
35 Va
*34 Va
9Va
9%
18%
105
29 Va
18%
17%
105 %
105
18%
173/4
105 Va
*105%
29 Va
283/4
18
105%
29%
28%
193
*191
193
191
*161
164
*161
164
*161
163
164
17%
*17%
18
25%
24%
25
35
34%
35
*34%
35
34%
34%
400
9%
93%
58,800
National
Power & Lt
73'%
3,300
National
Steel Corp_.
16%
5,900
National Supply
9%
9%
9%
93/8
9%
74 3/8
75
74 '%
74%
72%
73%
163/8
16%
16%
16%
16 Vs
16%
16%
30
30
29 Va
29 Va
291/4
29%
29 %
29%
97%
98
97
98 %
98
98 Va
99
*97
285/a
101 Va
100%
100%
18%
18 Va
18%
11%
11%
11%
11 Va
11%
113/4
18%
18'%
18
183%
17%
18%
78%
*76
*109
110
*108
1C9%
For
37 Va
106
*37
*104
37'/a
106
lOOVa
18
*11%
18
37%
*104
177'%
$2 conv
(The)
preferred
155
16'%
21
1
No par
Pa
25
10
40
100%
18%
17%
17%
17%
17%
11%
11%
11%
11%
12 3%
7,800
18
3,700
Nehi Corp
37
500
18%
37%
106
78%
77
77
*76
*108
110
*108
109
109%
*108
109'%
*108
108%
35%
37
13
102
24
>
17%
98
3 8
99
99
*17%
37
37
37
*104
106
*75
77
*75
*108
109
108
108
*104
*
200
50
f
2,000
'77
100
108
108
70
107%
107%
SO
-—No par
Nelsner Bros Inc
conv
(J J)—
No par
5% preferred series A—
100
New Jersey Pr & Lt Co 4%
pfd_100
Newberry Co
Dec
Dec
2
18
Feb
21
Dec
2
16% Mar
13
Jan
17'%
Apr
6
35% Feb
20
26
Apr
34
Dec
9
16% May
8
xlO
Sep
23% Aug
4
15% Apr
24
xl 1'%
Feb
14,% Dec
8'%
Dec <
9
19'%
Jan
23%
22
26% Feb
28
13'%
Jan
24% Dec
5
12% Mar
14
11%
Jan
12
22
43% May
4
37% May
2
32
May
30'%
Feb
Jan
2
43
25
26
Jan
Jan
4
19'% May
7
9
Feb
Jan
5
106'% May
4
Jan
2
Jan
5
192
May
Feb
28
163
May
Jan
4
18
Feb
27'% Feb
Jan
15%
24%
23'% May
Apr
Jan
Apr
29'% May
Dec
Mar
37
Dec
14% July
87'%
Jan
7
19
Jan
5
164
Feb
181
Dec
7
141
Jan
159
Dec
5
15
Dec
22'% July
20
17%
Apr
23
34
104%
Dec
25'%
Jun
Jun
37
Feb
15
28'%
Apr
10
Apr
23
5%
Feb
75
May
4
57%
Feb
70
28
11%
Feb
17% July
33'% Mar
30'% Mar
*99'% Feb
18% Feb
7%
Jun
Dec
July
16
24%
Nov
28
79'%
Feb
95
Dec
Mar
16
83'%
Jan
98'%
Dec
3
22% Mar
6
5'%
Jan
11% Nov
3
12'% Feb
24
Mar
ll'/a July
18'% Apr
18
Jan
Jan
15
Jan
17
Jan
Jan
104
30
,
Jan
181
15% Mar 26
—1
serial preferred—_100
9%
20% May
Mar
Jan
33
7'% Jan
Apr
65
Jan
15
10%
9
165
92'%
97'%
10%
prior
prior
4%%
106
"
5'%%
6%
May
17 Va July
24
/27'%
conv preferred
10
preferred^
100
National Tea Co
—No par
Natomas Co
—No pa1
77
2127.
2,100
Jan
13
24'% Jan
-21% Jan
;11% May
101%
109
page
29'%
*13'% Jan
31% Apr
12% Mar
*10034
109
footnotes see
28 3/4
23
101%
*76
*108
29%
,
Jan
*1003/4
no
*37
Lead Co
243/4
*34%
20 %
preferred A—<—.
,—100
5% preferred B———--—100
National Linen Service Corp
.1
Nat Mall & St'l Cast Co
No par
National Oil Products Co
—4
173/4
9%
100
1
8
14
16% Mar 19
26
7%
24%
17%
*104
National
25%
35
13'% July
13% July
192
1
No par
10
Gypsum Co
preferred
conv
17%
75
37
$4.50
17%
2,700
Jan
5
& Stamoing—.—No par
243/4
93/8
500
Nat Enam
National
173/4
7
Dec
9
10'% Nov
26
No par
Nat Distillers Products
26
16%
106
40
19%
24
10
173/4
74%
37
.
Dec
Jan
No par
preferred
25%
17
*104
'/
6%
18
75
18%
100
"
93/8
♦101
8,000
rn
17
•18%
29 ya¬
29
*191
75
101 Va
730
29%
73
*18%
38,500
1913/4
"
*101
18%
29%
*161
163
800
105'%
17%
105
191%
*191%, 193
*34'%
'
19%
106
106
11,300
18
Mar
——No par
—1
National Dept Stores-.
*11%
24
11%
2
Jan
Products————No par
31
23%
12%
24%
Dec
Mar 27
13%
23'%
182
10
Cylinder Gas Co—
24 Va
24%
11%
>
Register
235/8
31%
24%
11%
31V8
Cash
*113/4
31
24%
30%
'
Dec
20'%
No par
—
Share
15'/a
15
41%
Jan
13% Feb
34
16%
Jan
13%
12'% May
15
15%,
28
5
Mar 26
33%
Xl5
15
Mar 21
15%
'
Mar
26% May
19'% Jan
9'%
conv
33%
15%
7
45
2
IIV2
6%
15%
15%
22% May
23
preferred.———
10
National Aviation Corp——.—--S
National Biscuit Co
10
Nat Automotive Fibres Inc
33%
15 Va
20
Jan
16'%
National Can Corp
15 Va
Jan
Jan
.1
—1
15
15%
15'%
35%
20'%
Corp
5
& St. Louis—100
Co—*————1"
Jan
22
37'% May „9
103
Feb
6
108'% Mar 12
66
Jan
107
Apr
105'% Jan
4
3
78
Apr
23
110
Jan
26
4
108% Apr
28
9
13"%
Jan
22
Jan
32'%
96'%
Jan
105'%
56
Jan
68
Nov
106'%
Dec
110
Jan
104
Dec
lOp
Deo
18% July
Dec
OA
RECORD
NEW YORK STOCK
AND HIGH
LOW
May 7
May 5
g
< per share
>
$
snare
ver
May 9
s
per share
36'A
36'A
363A
36%
363/4
37%
37 '/a
37'A
36
36%
35%
36%
24
24'/2
23'/2
241/a
233/4
24 3/4
24
25
23%
24%
23%
24%
Newmont Mining Corp
9,200
17%
*109
501/2
*109
50 '/2
60
573/4
128'/a
33%
*23'/a
23'A
23'A
*46%
50
*46
50
174
185
185
*123'A
124%
24 Vs
24%
*123%
*22
i;V 23
50
*46
50
192
*183
190
*180
185
*180
190
*42%
*123%
56%
*56
*56%
10
'112%
9%
*103%
26%
34%
48%
48%
48
49
113%
112%
112%
33%
33%
33%
*7%
51 'A
*13%
13%
13%
52%
108 3/b
13%
13%
1093/2
13%
13%
IO93/4
1093/4
19%
19'A
19%
193/4
19%
193/8
193/8
18
181/2
29%
28%
30%
29
%
30'A
29%
29'/2
1113/4
10
1,000
Apr
50% Aug
21% Jan
22
27% Apr
24
15%
Jan
23%
Dec
32
353/4
Dec
19
28
19%
Jan
62
Jan
8
24%
Jan
29%
par
17
Jan
2
23% May
7
113/4
Jan
18% July
No par
41
Mar 26
50
26
30%
Jan
443/4
Dec
—50
162
Mar 26
185
Jan
198%
Jun
Ry
pfd
333/4
Jan
239
May
4
193%
Jan
218
Dec
8
124
Mar
2
116%
Jun
1223/4
Dec
19%
Dec
44% Feb
17
153/4
Jan
58% Feb
23
52
Jan
56
Oct
Mar
6
51%
Jun
543/4
Dec
11% Mar
1
7%
Jun
11%
Oct
108% May
8
6
16
56
9% Jan
20
105'A Jan
9
17% Jan
31
112 'A May
par
par
Apr 28
116% Mar
4
Mar
12% Jan
100
107% Jan
Dec
1153/4
Apr
Dec
Jan
31%
Jan
11
37 %
Feb
50%
6
4%
Jan
7
Jan
10
40%
Jan
53
Oct
14% Feb
17
2.50
Dec
22%
Jan
8% Feb
11
50
106
Jan
112
17%
19
12% May
16
Jan
109
Dec
52
Apr
6% Jan
3
100
xl3'A Jan
1
35% Mar
46
50
Norwich Pharmacal Co
28
26% Mar 27
No par
50
Sep
24% Apr
2
53% Jan
50
100
Preferred
47%
21
2
19% Jan
Telegraph
23% Dec
14% Jan
Jan
53% Jan
No
Dec
Jan
37% Jan 20
1
Airlines
129
Dec
121
10
Aviation
7
May
24% Mar 14
2
—50
50
series
preferred series
Apr
118
219
5
100
100
—
non-cum
19% Jan
1
Norwalk Tire & Rubber
1,100
13%
*51
52%
*51
51%
13%
7%
Jan
35%
39 % Jan
preferred
Northwestern
410
48
7%
7%
7%
8
471/4
48
47%
48%
48%
97
15
62% Apr
Northwest
9,600
12
51% Feb
135% Apr
Northern States Pow $5 pfd-JVo
80
32%
Dec
110% Apr
2
Northern Pacific Ry
49,700
Dec
109
9
45
23
Northern Central Ry Co
10
26%
25%
18%
28% Jan
Industries
North American
14,800
110
*108%
*112%
52%
13%
10'A
34%
7%
*51
52%
*51
13%
5% %
112%
49
7%
7%
7%
200
32%
34%
48
10
56%
9%
-
26%
25%
Adjust 4%
6%
July
Jan
22
North American Co
300
56%
*108%
27%
70
31,700
Apr
13
May 9
18% Jan 11
Jan
Co
Western
&
56
112%
113
33%
52%
10%
10
10%
33%
13%,
56%
27%
33%
*51
56%
108 %
*112 %
113
*112%
7%
56%
9%
27%
26%
33
7%
*55
Noblitt-Sparks
Dec
16%
22
103% Jan
No
RR
35
Mar 22
109
par
SMpbldg Corp part stk
Norfolk
v
23%
23
55%
26%
*108%
113
23%
55%
108%
10%
9%
10%
27%
27 %
23
55
*56%
56%
"
'108%
23%
55
Y
430
122
122
23%
23%
N Y & Harlem
N
Jan
share
Apr
27%
28
25
25
22
per
No par
preferred
non-cum
900
238
236
123
122
124
*123
124%
~70
6,700
,
43%
43%
42%
236
234%
$5
19%
19%
20
42%
43%
238
236
'56
*55
Xx9%
21%
43%
43%
23%
24
21'/2
239
235
56
*55
56%
*56
22%
*46
*184
124%
23%
56
*55
*22
50
39% Feb
22
16% Jan
100
Dock__.
York
New
Jan
Highest
t
I per share
100
preferred series A
N Y City Omnibus Corp
100
223/2
21%
No
6%
1,300
*46
21
Central
York
I per share -
share
18% Jan
No par
Brake
Air
N Y Chic & St. Louis Co
2,900
5,400
34
*33%
34
*22
(
Yarn
New
163,600
56
127%
23
238%
236
238%
34'A
34
55%
125%
*•••'• 50
44%
*42%
43%
43
238'/2
New
_
'
125
*46
.
22
200
1,000
25%
25%
55%
127%
55%
V;
1303A
33%
333A
*211/2
23'A
21 3/b
58
25%
25
271/4
253A
26%
'■/
48
48
48%
48
50
49
133
34%
5,300
17%
109%
593A
34
22
17'%
109%
131%
343A
21%
17%
109%
59
132i/2
*341/2
172
17
♦109
173%
50'A
25%
26%
17%
109% 109Vz
17'/2
1093/4
134
56
57'A
1343A
17'A
♦109
50
25%
26%
57'A
"■
f
110
50
503/2
26 »A
134
17%
17%
17%
110
f per
33
10
Newport Industries
1
Newport News Ship & Dry Dock—1
$5 conv pi eferred
No par
3,200
,
>
Par
Lowest
Highest
Lowest
1944
Year
Range Since January 1
STOCK
EXCHANGE
Share»
f per share
S per tnar0
per snare
NEW YORK
the Week
May 11
May 10
for
Sales
Friday '
Thursday
Wednesday
May 8
,
Range for Previous
STOCKS
SALE PRICES
Tuesday
Monday
Saturday
Monday, May 14, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2124
2
54
3
Dec
July
O
'1083/4
193/4
110
29'A
29 3/8
'1113/8
1113/4
1113%
14%
15%
143/4
29
1131/2
27%
•:/
114%
271/8
113%
114'/2
114
•
16'/2
27»A
Edison
Oil
183/4
28,200
Ohio
29%
19,400
Oliver Corp.
540
111
/111
143/4
15%
113'/2
113%
160
*16'A
26%
•161%'
163
Otis Elevator
11,700
30
163
6%
200
preferred—
——
Marine & Mfg
Outboard
*23»/2
241/a
*23
24'/2
*23 3/2
241/2
*23 %
241/2
23
23
*22
22 3A
79
*77
79
*77
80
*77
80
77
77
*75
78
30
67'/2
68
68
683/2
673A
68
67
673/2
65 %
66'A
65
66
4,000
Owens-Illinois
15%
15%
15%
15%
15'/4
153/a
15'/4
153/a
15%
15%
15
15
1,900
Pacific Amer Fisheries
14
14
14
14
14
14
13%
13%
13%
13%
13%
133/2
Glass
3
Jan
Jan
4
13% Jan
23'A Jan
22
Nov
153/s
Sep
113% Mar 14
20% Mar
28%
233/s Nov
8
105
108%
Dec
8%
Oct
Oct
113/4 July
16% Mar
5
115% Feb
28
17% Apr
28
28% Feb
16
18
Apr 26
24% Apr 25
147
Apr
May
5
64
Jan
75%
Dec
55%
Feb
64
Jun
10%
Jan
2
Jan
26
22% Jan
30
74
Feb
7
79
58
Jan
2
69% Apr
15 %
7
163
Mar
Apr
108
99% Aug
8% Jan
3
155
10ft
par
104%
28
2
107
12.50
Co
Jan
11|%
2.50
No
Co
7
20% Feb
30% May
24
1061%
No par
1113/4 Mar
12
Mar 27
24l% Jan
6
100
10
—.
*77
Outlet
17
pur
(The)
8% conv preferred A
Oppenheim Collins
1,000
16'A
27
No
No par
preferred
100
convertible
4%%
pfd—
Omnibus Corp
10,500
16%
163
4.40%
Co
Co
18%
29'/2
.
261/2
26'A
165
*162
165
Ohio
113'A
1133/4
*16
17
263/4
•162
*162
162
16%
27%
500
,
143/4
143/s
1133/4
16%
27'A
27%
109
109
111
111
15'A
14%
15'/2
'
'/■'
:;//
17
*16%
17%
27 3/4
151/4
110
112
112
112
112
151/2,
114
114'/2
*16%
•1083/4
•1083/4 110
Dec
14%
Dec
24% Aug
157
Sep
P
54%
*29%
38%
51%
54
533/4
54%
;
38%
38%
51%
52
...
"
*20%
5,000
Pacific
50
50'/4
2,100
Pacific Lighting Corp
No par
48
2,900
Pacific
No
*46
47»/4
46
47
*45>/4
130'%
130
130
*129'%
130 3/2
169
168 3/4
1683/4
*168
169
73%
7%
73/4
7
20%
193/4
19%
63/4 /
15
15
7
v/;
63/4
213/a
21%
203/4
30%
1093/4
5%
5%
5'%
53/4
5%
7
20
•
*15
16
303/4
31
110
110
>
66
Packard Motor Car
Pan American Airways
30 3/4
Panhandle East
5.60%
180
200
Paraffine
4%
*109
'
v
31%
31%
303A
433/4
42 %
43%
31
31%
4P/4
,2%
31%
25
25
2%
2%
23/g
31%
&
31%
301/a
31
29%
30'A
29%
43%
41'/a
421%
40
41%
41
41
•Vf 2%
2%
31%
32
32 3/2
2434
V;/'
243/4
32%
Inc
243/4
25
3%
32%
6,800
Parke
25'A
1,200
Davis
&
8
26%
Apr
31'A Aug
18 'A
Feb
2314
6% Mar 8
1814 Jan 22
9% Feb
15
; 2414 Mar
12
Patino Mines & Enterprises-
No par
—10
70
70
V *68
70
70 %
*69
70%
70
70
Penick
No
117
117
14%
14
14%
*14
5
5%
38 34
39
38%
38%
80
36%
36%
93
98
29
29
107%
*107
9%
9%
1,400
Penney
26 3/a
6,400
Penn-Central
14
14'/a
13 %
14
13%
13%'
-
6
72
26
H.
73
26
381/4
383/4
37%
38%
37%
38%
38
38 >/4
38 3/4
38
38
38%
*37
38
803/4
*80%
81'A
1,100
16 %
200
23 3/b'
173/s
*17
36%
353/4
38%
80 »/2
80
171/2
233/8
24
23'%
*37
38 3/2
343/4
17
23 3/8
16%
23
233/8
23%
351/4
341/8
353%
16%
16'/a
23%
*163/4
24%
80%
80%
*112
114
*111
113
111
98
98
'*96
99
96
33%
34'/4
110% 111
111
96
107%
*9
29
107%
*107
9 '/a
9%
29
*28
29
*28
*107
3/8
9
29'A
107
93/8
94
107
9'/a
v'ii^/
■:
-
•
'
"V
■
9%
'
—
48,800
343/2
3,900
110
700
94
29'A.
107
9%
2,000
110
94
*28'A
107
3/a
34%
22,200
94
600
Pet
330
9%
2,600
Petroleum Corp
1,200
Pfeiffer
4,100
Pfizer
10%
103/2
103/4
10%
103/4
*101%
10%
10%
24%
24%
243/4
24%
24%
23 3%
24%
23
28%
27%
28 i/s
27%
28%
28
28 3/a
27%
233%
273/4
23
27%
27'A
27%
62%
623/4
613/4
623/4
61%
62
62
62
61%
62%
61%
62
111%
110%
111%
III1/4
112
111'/.
lll'A
112
4V4%
520
300
111
112
*10%
y
10%
23%
25%
25%
25%
25%
25%
25%
26
253/4
25%
25%
25%
28
27%
28 3/a
273/4
28 3/4
27%
27%
28
28
27%
28'A
121
*1193/2
121
121
*119'/2
393/4
40
393/4
111%
111%
110%
110%
17%
17 %
*113
120
17%
171/2
*113
120
*113
120
110%
110%
*110
*110
*161%
18
53
53%
52
12 3/4
123/4
123/4
13
13
13
7
89%
89%
283/2
28%
108 i/a
*117
8%
9
8%
8%
*91
92
91%
91%
19'/2
19%
20
203
7%
7%
9%
9%
104
7%
7%
9%
9%
*101
*913%
19
71/2
91/4
55
79
79
*78 34
30
30
30
16%
16
161/2
16%
90
90
90
89
243/4
24%
24%
24
27%
27%
*27V4
16 3/8
73/4
9%
90
83/4
9
86
92
19
19'/4
93
202
202
7%
8%
*101
18%
*200
8
7i/,
8%
53%
771/2
29'%
3/8
7%
83/4
104
2,900
700
8%
130
19 -y
1,100
7%
30
205
73A
9
17,400
9
*100
104
1,400
521A
53 3/4
890
5%
79
791/2
190
514%
29'%
29%
29%
29
29'A
800
163/4
—
163/4
16%
92
893/2
891/2
270
23%
24
23'A
231/2
6,100
*89
89
243%
16'A
3,100
273/8
27 3/a
*27
27'A
16
15%
16'A
15%
1534
153/4
15%
14%
151%
15
15%
3,200
20%
20
20%
193/4
20 3/8
19%
19%
19
193/4
18%
19'A
15,000
*20 »/<
20 3/4
*20
201%
20'%
20'/a
*193%
20'A
*18%
191/8
*19
193/2
100
*603/z
62'/2
*60
63
*561/2
60
*56 3/4
58%
58%
58%
*11011
112
For
58'%
*60
58%
oaee
2127.
*273/8
28
,
62
60
60
58%
59
59%
*1101! 112
*110}| 112
footnotes see
58%
281%
*1101! 112
.
58%
59%
11012
11013
59
1101?
59%
110i!
200
300
,
1
4,100
130
1st
ser
conv
Co.
pr
Poor
Creek
& Co
Pressed
5%
conv
5%
conv
Procter
5%
&
6
5
2
8
Jan
9% Jan
2
;
26
Jan
,
333A
21V4
Jan
32
55
Dec
Jan
Dec
29
393,4 Apr 19
80% May
9
19% Feb
183/4
112
25% Mar
Dec
13
2.
Dec
Jan
70'A
Dec
53/4
Jan
173/4
Dec
22 J/8
Dec
263/8
Dec
Dec
38% Apr 24
10'A
Jan
19%
Apr
20
54V4
Jan
96
Dec
100V4 Apr
23
33%
Jan
65'A
Dec
116
293A Mar 17
108
Mar 22
93/4 Feb
28
11% Mar
23 3/a Mar
105V4
Oct
7
Sep
28'/a July
1073/2 Nov
9%
Jan
3
23
May 10
24% May
5
40 Vz
Apr
71
Dec
25
Jan 23
Jan 25
293/8 Mar
1
20 3/2
Feb
26%
Dec
631/2 Mar 19
493/4
Jun
59%
88 V4
Jan
108%
Dec
May
21%
Jan
233/4 May
263/8
57
10614 Jan
2114 Jan
25
Jan
2
112
May
9
2
26
May
9
2
281A Apr
16
/19
117
119%
Apr
30
11
25
Jan
2
10714 Jan
3
1083/2 Feb
28
6% Apr 24
82
Feb 26
81/2 Jan
2
5
Jan
8%
61
par
8% Mar 22
Oct
Oct
6
17% Jan
Dec
90
107%
14%
111
4414
Jan
120
Apr
Mar
19
8
Mar
6
13
Feb
3
30
May 11
55
24"%
:82
11'A
x98
421/2
9
23V4
Apr
Jan
37
July
Feb
96
Oct
Feb
163/2 July
Jan
Sep
Apr
117
Nov
48% July
14'A July
Feb
28
July
1053/a Nov
108
Dec
—
8514 Jan 15
15% Jan 31
1
Jan
921/2
Dec
19
73/8
Apr
10 3/e
Nov
96
Mar
7
683/4
Feb
90
Nov
20
May
5
68
21
Jan
2
Jan
4
Jan
2
Mar 10
Mar 27
Feb 20
Jan
2
205
Apr
27
9
Feb
19
103/4 Mar
1
UVA
Jan
17
Dec
1641/2
—
190*
6'/8
814
99
4914
Dec
Mar
10'A Feb
94
Jan
171
Mar
Apr
190
183
43/4
Jan
6 3A
Apr
9% July
Jan
11
82
583A Jan
3
45
79 'A Apr
30
57% May
73
32'A Apr
23
11'A
22% Aug
103
175
—
12'/2 Jan 19
Aug
6% July
17'A Feb ~23
90
May
7
81/2
69
Sep
Sep
Jan
Nov
100 %
Dec
613/8
Jan
175
Dec
Nov
Jan
14%
Oct
May
83%
Nov
-100
7414 Jan
27
5
1714 Jan
2
25 3A Apr
30
16%
Sep
19'A July
No par
2414 Jan
12'A Jan
3
8
28
Apr
16% Apr
27
24
19'A
Jan
25
No par
8%
Apr
131/a
Dec
1
16% Jan
22
21% Apr
27
ll'A
Apr
18i/2
Dec
30
22
20% Apr
27
181/4
63
Apr
27
11% May
353/2 May
553/8
Mar 27
60% Feb
20
523/8 May
59
July
121
July
—
Pocahontas
class B
Steel Car
Apr
106'/2 Jan
Jan
Mar
113
100
100
1
Plymouth Oil Co
Pond
26
2
40
7
16
4
No par
100
100
pfd
100
(The)
Preferred
Jan
X70V4 Nov
37%
110V4 Mar
Feb
6
Jan 20
Mar 29
Jan
2
Jan 23
No par
1
10Q
-100
Pittsburgh & West Va
Pitts Young & Ash pfd
Pittston
63
Feb
9
8
Mo par
preferred class B
preferred class A
78
*1871/2
preferred
Wayne & Chic Ry
Pittsburgh Steel Co
53
*187%
Chemical Co—No
Pitts Screw & Bolt
78
Mar 27
Jan
2
Jan 19
173/a July
5Aug
100
100
preferred...
78 3/a
16
*27 3/8
7%
23
Jan
May
25
Pittsburgh Forglngs Co
7%
203/8
29
$5 conv
&
6
Jan
Jan
2 V4
112
—No par
_
preferred
Coke
Pitts Ft
J— '
•
6%
Pitts
Jan
14%
21%
1914
9214
9'/a
9
Apr 18
391/a May
Dec
Nov
4
—100
.
Pittsburgh Coal of Pa
541/4
16%
16
883/2
24
19
*200
5,400
93
*91
*185
205
7'/8
69
May
113
May
No par
5
preferred
113
933/4 Feb
Dec
8
Jan
2614 Mar 19
3
.591/2
38
Pitts C C & St Louis RR——100
87
86
$4
52 3/4
*1871%
24%
8%
*100
104
551/4
163/8
93
18%
*188
89
>/2
88
.7%
8%
92
793/4
30
243/4
*87
92
893/4
73/4
200
,
Jan
51% Apr
243/8
7
74
Mar 26
19
20aA
122
No par
—
Pillsbury Mills Inc
135
7
i
1,900
*117
73/4
preferred
30
135
*187 >/2
*187 J/2
28%
*117
■
7%
1,400
108'/a
73/4
"
13
*107
104
54%
29%
*12 3/4
62
83/a July
Apr
Apr
May
16
112
May 5
33% Jan
2
373/aMar28
30% Jan 18
Jan
Dec
Jun
,1334
28
6'A May
4%
15%
2V4
xll914Apr
9
31% Mar 27
3
10
100
——
Phillips Petroleum
Pnoenix Hosiery
108
201
793/4
*28 3/4
28%
— —
4,700
*107
*185
543/4
♦187V2
13
—
523/a
1081/2
8
preferred
Phillips Jones Corp
"
par
700
preferred
Corp
4%
200
17
115
135
19
*101
104
28 3/4
52
*1073/2
9
201
203
.*200
99
28%
*113
53
par
No par
preference com
Philip Morris & Co Ltd
600
"
;
1
No
com
100
5
1
25
50
No
Electric Co.
4.4%
2,600
*117
91%
9
553/a
55
*78%
28%
109
.
preferred
Philco
12,100
110
*15%
$1
'-.w J.
V
373%
108
*185
*185
*185
7%
91
92
88%
9
19%
171/4
121
135
*117
135
6%
28%'
107 3/2
110
120
13
*1071/2
36%
108 V2
110%
*113
53%
37%
111
*16
120
*113
533/2
108 3/8
*5%
*100
110%
•
110
36%
54
135
*200
17 3/4
391/4
53 s/8
28
28
*
111
*1191/2
371/2
112
*16 »/2
121
*1191/2
12%
*12%
*117
111
111
*110
111%
1113/4
*110
121
391/2
39
54
53%
*107%
*1191/2
of America
Brewing Co (new)
(Chas) & Co Inc new
Phila
2,300
*119%
$6
11,000
27%
2nd preferred
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
18.700
y
25%.
383/4
No par
29'A
107%
9%
24%
111
100
Milk Co—
*281/4
107%
*10%
111
Dreferred
5%
500
Corp
preferred——————100
Pennsylvania RR
;
50
Pennsylvania Salt Mfg Co
—10
.5
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
100
Peoria & Eastern Ry Co
100
Pepsi-Cola Co
33%C
Pere Marquette Ry Co
100
5% prior preferred
100
9
11714 May 10
12% Apr 13
4
Jan 12
par
5%
37%
80
No
No par
Penn
3d
371/2
*16
10
Corp
No par
600
39
*37
No par;
1
Glass Sand
4,700
38%
*37
Corp.
May
7014 May
59
Jan
5
106
Mar 9
21% Jan 10
par
$7 conv oref ser A
73
•'
*112
Co
Airlines
Cement
Penn-Dixie
17,700
26
723/2
*23
•112
*112
(J C)
Coal & Coke
Penn
1,400
'
61/4
6 'A
6%
♦23
74
723/8
*24
26
x
6 »/4
373/4
80
114%
113
116 3/2
26'A
391/a
39
23%
116'/2
26%
38%
793/4
17%
117%
26
38%
*37'%
233/8
117
27%
373/4
-
39
*16%
1161/2
53/4
*112
80
*37%
1
1
A
53/4
731/2
*23
Ford
27
116%
14'/4
5%
71
25
33
1
Parmelee Transportation
27%
Dec
28
7,600
117
27»/4
Dec
27'/2 Feb
9,500
28
109
1
5
8 3/b
27%
Dec
July
Jan
2914 Feb
20%
27%
5'JA
61
103
21% Jan
8'/4
&
114'A July
par
20%
700
Jan
Jan
2.50
No
Co
8'/4
.
Jan
2%
45
Apr
20%
,
6
,
1%
8'/<
71
109 V4 Apr
109'A
3
20%
70
117
12
2% Jan
8'%
70%
16
May 11
6714 Mar 19
16
6% Aug
1*9% July:
24
20%
24'%
Jan
Mar
8% Feb
6
2V4 Jan
Mines—1
81/4
69
6 »/b
Jan
8
37 »A July
203/4
*112
313A Apr
113
43/8 Mar 20
3%
6
Sep
Dec
30
8%
26
31
21% May
173A Mar
173/2
Sep
20%
68%
,
Feb
Jan
83/4
112
7'A Feb
:
123/4
27
20%
67%
2
7
73A July
23%
9'%
112
Dec
163;.
Jan
6
203/4
*25
123'/2
Jan
43/8
5
83/«
5
Apr
149
17
311/2 Mar
•20%
4%
117%
168% May 10
45>4 Mar
83/8
*14
9
130 3/2 May
32% Jan 22
20%
117
Dec
2714 Mar 26
8%
26%
42%
,10814 Jan 17
20%
116%
Jan
1
Parker Rust Proof Co
•'
Consolidated
Utah
253/2
1
ex-privilege
14,800
Park
Dec
30
22% Mar
56
Dec
Dec
3
Apr 26
Apr 23
25%
100
Inc
Pictures
1
par
preferred
conv
52'/4
323/4
25'/4
.
No
2%
2%
33
*25
—
Inc
Cos
'*24%
2%
.2%
2%
323/4
33
251/4
100
Ref.
&
Jan
353%
7% Jan
Jan
Apr
48
514 Jan
5
Transp
Jan
Sep
13
48'A
4714 Apr
3
3
Mar 26
Jan
14%
-
39% Jan
8
16%
13%
29'A
108'A
Pipe Line—
Park <fc Tilford
6,200
&
Prod.
Paramount
30,900
29%.'
43
25
-
8
1614 Jan
par
17'A
30
3
38% May
Sep
52% Apr 24
3
Mar
6
Corp new 2'/2
preferred
Panhandle
29,300
65%
Petrol
Pan-Amer
17,100
6'/s
*643/2
67
No
78,400
73,600
Jan
121'A Jan
160% Jan
.—1
10
Corp
6%
110
6
*109
Oil
Pacific Western
400
par
Teleg——100
100
Pacific Tin Consol'd Corp
2,600
15%
110
6
*641%
66
♦109
*109
•
30%
30%
1103%
.
53/4
53/4
5%
Mills
20%
6%
20»A
•H1/*
15
30
109 7/e
31
5%
6%
14%
16
60
19,300
20%
*193/4
Electric
&
Pacific Telep &
6% preferred
290
71/4
20%
20
21%
20%
.
6%
7
63/4
:.;v-
21%
66
66
67
♦65
*109
*109
71/4
71/2
109%
*109
109%
109
66
30%
30%
30%
30%
109%
*15'/a
153/4
*15
*168
20'/8 < 203/4
20%
20 >/2
'
*64%
46'/a
168
7 3/a
3/2
130'/2
461%
1291%
7%
46
Gas
Jan
83/2
39
Mar 17
32»/2 Apr
38'A Mar 27
168
7
34 % Jan f 2
3 8 3/a
50%
129
21%
25
38 »/4
501/4
46
203/4
590
38 %
283/4
38%
27»/2
38%
51
1691/2
6%
28
29
May
15% Mar 17
60
45Vi Mar 9
24
Jan 24
50'A
129
21
27%
preferred non-cum——No par
2nd preferred non-cum—No par
38'/4
453/4
7'/a
29%
1st
390
52%
2>
20
29'/s
*168
73/4
52%
111/2 Jan
51%
*1283/2
7%
53%
13% Jan
10
38%
169
47
53
inc.——*JI
Co
51
128'/2
46
128
*168
531/4
*521%
531/2
Coast
383/8
38%
51%
533%
Pacific
380
29 3/8
293/4
*29
30
•
•
Co Inc
3
50
1st preferred
2d preferred
Gamble
pfd (ser of Feb 1 »29>
No
par
100
17'A Jan
5014 Jan
55
110}J Mar 16
120% Jan 19
116
Mar
May
Dec
Dec
Volume
Number 4385
161
THE COMMERCIAL
LOW AND HIGH SALE
Saturday
S
Tuesday
May 8
May 9
20%
$
per
I
share
per
share
S
per
Thursday
share
20%
20%
107 3 4
107%
107%
107%
107%
108
103
113 Mi
113%
113%
113%
113%
114
114%
123
122%
123
122 %
123
122%
137%
136%
136%
136%
136%
136%
116
115%
S
123%
4122 "8
137%
116
•
116
-115%
20%
116
*113%
20%
20%
Frida*
May 10
20%
2125
STOCKS
Wednesday
May 7
share
per
PRICES
Monday
May 5
& FINANCIAL CHRONICLE
per
20%
20%
108 %
114'%
Sales
May 11
share
for
NEW
the Week
$ per share
YORK
Range for Previous
STOCK
Range Since January 1
EXCHANGE
Lowest
Shares
Par
,
per
Year 1944
share
Lowest
$ per share
I per share
20%
20
1C8%
103%
109
109
360
$5 preferred—
113%
114
114'/a
114%
760
6%
preferred
ruO
110
Jan
4
11474 May 11
123% May
9
122%
123%
123%
123%
590
'H'/ 7 %
preferred
100
110
Jan
4
123
137'%
136%
137
135 %
136%
690
8%
100
121% Jan
3
115%
*115'%
20%
116
*115%
54
54%
53%
54%
53-%
54%
52
53%
52
53
51%
20'2
20%
20%
20
20%
19%
20'/a
19%
20
19%
19 3 a
*1x1%
113%
>111%
*106
16,900
52 %
20%
/20
116
15,700
21,500
Pub Serv Corp of N J
No par
No par
preferred-
_*
Pub Ser iEl & Gas pfd
$5
No par
Pullman Xnc
Pure
-No par
iThe>
oil
no
'111%
113%
*111%
113%
106%
106%
106%
106 %
106%
26%
26%
26%
26%
26%
26%
26%
26%
26
26%
26%
26%
2,600
Purity Bakeries Corp
16%
17
17%
17%
16%
16%
16%
16%
16%
16%
*16%
16%
1,400
Quaker State OU Ref Corp.
106
t
Highest
113%
*111%
113'/a
*111'%
113'/a
106
*106%
107
*106%
107
6%
preferred
preferred
5%
400
17
Jan
2
106% Jan
30
17
Jan
118
May
13%
187b
Jan
Dec
87%
Jan
18 3/8
96
Jan
1093/b
Oct
Dec
3
104%
Jan
113 %
Nov
3
113%
Jan
122 »/4
Dec
11374 Nov
1193/4
Jan
20
30
37%
Jan
52% July
7
14%
Sep
18
21
11174 Mar 26
106
17
Highest
$ per share
54% Apr
24
100
No
May
138% May
115% Apr 26
47% Jan 22
par
100
conv
2174 Apr
Mar
Feb
Mar
1157a Apr
108% ,Jan
9
1097b
6
103
27
Feb
8
1974
18
Feb
16
1274
Jan
163/4 Aug
5
874
Apr
12
17
69%
Jan
80 >/2
77b
Apr
20
85%
Jan
39»/2 May
7
19% Feb 20
28'/4
12%
Feb
18
37'A Apr
4
28
Feb
343/4
par
23% Jan
2
.19
1574 Jan
22
No par
No par
10% Jan
2
1274 Feb
78% Jan
15
87% Apr
77a Mar 26
974 Feb
6
Jan
1151/4 Nov
Jan
108%
Dec
Jan
247b
Oct
R
12
12 V8
12
12%
12%
12%
12
127a
1174
12%
1174
12
85
85
85%
85%
85%
851%
85%
85%
85
85
85
85%
1,400
8%
8%
87a
83/a
8%
8%
8%
8%
8%
87a
25,700
95%
95%
95 %
95%
95%
957a
95%
95%
94'A
941%
94%
650
38%
39
39%
39'%
39
39%
3874
38%
38
38
8%
17%
26%
38%
900
1st preferred
Kadlo-Kelth-Orp" 'urn
6%
conv
100
preferred
Raybestos Manhattan
conv
18%
18
18%
18
18
17%
18%
*17 7a
1774
6,200
36
35%
35%
36%
36%
36
36
357a
35 3 4
600
25%
24%
24%
9,600
52
49
49%
700
4%
non-cum
1st preferred
4474
1,300
4%
non-cum
12%
26%
25%
49%
49%
*48%
44%
44%
44%
12%
12%
123
*116%
75
*12%
12%
123
*116%
251/4
25%
24%
487a
49'%
*48V2
447a
44%
44%
1274
123
12%
*116%
*73
74
73
73%
22%
22%
*22%
28%
*28
*22%
22%
*22%
23
28 %
28%
*28%
30
26%
2574
49
27
*28
74
26%
27%
26%
27%
100%
>100%
101%
100%
101%
*101%
26%
25%
26%
25%
26%
25%
26
23%
23%
108%
109%
15%
15%
106%
22%
1C9
109%
106%
19%
*109
23%
22%
800
Real
*717a
72%
"80
Rels
2274
2174
2174
21%
21%
500
28%
28
28
27%
200
Reliable Stores Corp
Reliance Mlg Co
.
27%
12
12%
123
*116%
*26
123
267a
27
*101%
103
*101%
103
24%
25
2474
267a
267a
103
257a
227a
22
2274
22
6,800
257a
6,200
227a
37,900
106
109%
*109
109%
*10011
112
niojg
*109%
111
*109 7a
111
*109 7a
111
1097a
1097a
500
157a
16
15%
15%
15%
157a
11,600
106
105%
105%
105 3/4
1053/4
3,900
106
106
16%
106
106
60
19%
19%
19%
19 %
18%
18%
187a
1834
102%
102'%
102
102%
102%
102%
102'%
102%
140
19%
19%
19%
19
1974
1874
19
1874
1874
2,800
34%
34%
34%
34%
34%
3474,
34
347a
337.
34%
12,000
39%
*38%
39%
*38%
39%
39%
39%
*38
391/4
*38%
39%
19%
*19%
19%
19%
19%
19
19
18%
19
19
19
2,000
Rheem
12%
12%
12
127a
12
127a
12
12%
6,300
Richfield
237a
237a
237a
24
23%
237a
23%
23%
3,300
Ritter
33%
34%
*38%
19%
12%
12%
12
12%
21%
22%
22%
23%
187a
5 %%
lac
...
7%
77a
8
774
7%
7%
77a
*7%
73/4
1,700
Roan
22%
23
227a
227a
22%
2274
22%
22%
3,600
Royal
383A
39
39
39
37
38
37
37
2,700
Ruberoid
20%
20%
20%
207a
20%
20%
20%
20%
20
20%
20
207a
8,800
155
2
Jan
85%
Dec
17
Jan
9
117a
Feb
18
Nov
22% Jan
3
227b May
4
2974 Apr 18
18
Feb
24
Dec
22% Jan
22
9974 Jan
5
—1
15% Jan
3
27% May
102
Jan
8
30
27% May
1
24
14 7b Apr
x837a Mar
8%
Dec
23J/4
Dec
9978 Nov
16
Apr
Aug
19% Jan
104% Jan
22
Mar
6
16
Apr
100
3
10974 Mar
2
9974
Jun
105
Dec
102% Jan
4
110
3
87
Jan
102 i/b
Dec
par
11% Jan
16
18
87% Jan
2
15% Jan
Apr
106% May
5
Jan
2
14% Jan
2
98
May
23
5
20% Apr 24
106
674
63
213/b July
12 74 July
88
Dec
Jan
Jan
10
Jan
Mar
8
85%
6
81/4
1674
Jan
317a Jan
2
37% Mar 13
39% Jan
35
Apr 23'
Dec
100
Apr
217b Mar
Dec
28
Jan
1574 July
357b July
May
3978 Nov
15
36
16% Mar 27
20% Feb
7
13
10% Jan
2
1374 Feb
28
16% Jan
2
6% Jan
22
5%
Apr
19% Apr
10
23
May
177<
Jan
Mar 26
39
Feb
25
Jan
241/4 July
34% July
21
Mar
14%
Jan
23
Feb
Rustless Iron & Steel Corp
45%
46%
.
Antelope
Copper Mines
Typewriter
Co
(The)
111
No par
44%
4574
45%
4574
42%
45
42%
43
5,200
St
.22%
22%
227b
227a
223/B
22
22 3/8
22
223/B
22%
223/B
8,100
112%
112%
11272
9%
9%
X93/8
97B
59%
60%
58 3/8
59%
45%
109%
48%
108
48%
46
,
^
108
4874
97a
58%
*108
483/4
112%
10
59%
109
*4772
48
111%
*110
111%
*110
111%
108%
108%
*1083/4
109
*108 3/4
109
23%
24%
24%
24%
7%
7%
7%
7%
107
107%
21%
21%
1097B
1077B
22%
21%
114
*109 7B
8%
8%
8%
87B
21%
21%
21%
22%
21
91
91
92
92
92
13%
13%
13%
8%
13%
93/4
Jan
*108
109
*108
49
47
*110
1083/4
233/4
7%
107%
X1061/2
22%
x213/4
*110
109
200
477»
*47
49
500
Scott
11172
*110
111%
*108 3/4
110
200
24
3,400
lll'/2
*110
1083%
Beagrave Corp
Sears Roebuck & Co
57%
108 3/4
10572
1073/B
2274
7%
106'%
21
114
*110
87B
1
237s
772
73/4
108 3/4
23'%
24
9%
57
109
•
24
>V
:
7%
105 74
217B
21
114
*110
112
90
93/4
20,400
16,200
57%
7%
1063/8
6,000
211/2
29,900
114
,
13%
8%
81/2
81/4
87B
207B
21
2074
20%
21
213/B
2,800
3,400
92%
92
927b
92
93
9372
93%
270
8%
123/4
...
8%
197b
Oct
6%
5,100
Silver King
39%
3,100
Simmons Co
-No par
3274 Jan
2
41% Apr
35%
1,500
Slmonds Saw & Steel
-No par
30% Feb
1
35
16%
52.700
65%
6574
653/4
65%
*64
653/4
*64%
65
1,320
28%
28%
28%
2874
2874
287B
28%
28%
28
28'%
273/4
28
6%
'67B
6%
6
39%
40
3474
34
6
35
35
6
39
6'/a
40%
39
*3372
•
6
387B
34%
*34
5,800
Oil
Sinclair
1678
16%
16%
16%
16%
167a
50%
507a
50
507b
50
50
17%
*17'%
17%
17%
177b
163/4
1674
23
23
23
*22 3/4
24
20
671%
66
67
64%
66
3,600
Smith
1,400
58,600
&
23
*22%
23
68%
70
67%
69
*223/4
67
31%
31%
31%
31%
32%
32%
32%
33
16%
17
16%
17%
167.
17
1674
17
31%
16%
167e
32
16%
*31
■'
16%
50
2,200
900
167%
32
16%
4%
4%
4%
4%
47a
4%
47b
43/4
434
47b
22%
23%
2274
23%
227a
22%
2274
22%
221/4
22%
22%
22%
*41%
42%
417a
42
417a
427a
42 3%
421/2
*42%
423/4
3,300
*156%
158%
157%
157%
158%
158%
15872
1623/4
170
30%
30%
30%
30%
307B
4%
41 3/4
160
161
42%
162'%
162
301/4
30
4,200
5
3,300
$1.20
Steel
30%
4,900
Southern
California
197a
19%
191%
.19%
197B
193/4
19
19%*
19%
*19%
Natural
46 %
44%
45 %
441/4
457b
433%
443%
433%
437/b
1,900
38,800
Southern
44%
45%
46%
451/8
45%
46
443/i
46
437B
45%
44
447b
16,200
Southern
78%
7.9
78
78
771%
78
77%
78
76
77i%
753/4
76%
2,100
*88
88
15
90
15%
77a
7%
15%
7 3/4
*12%
13
*85
88
89
157a
15%
8%
774
8%
*87
8872
86'%
86%
84%
15 7e
15
15'%
15
*85
110
15
772
77b
13
*12i%
13
*123/8
*85
88
•85
7%
7%
123%
13
12%
*12
*86
7%
19,100
7%
12%
300
*85
88
38
38
*37%
38%
38
38%
1,300
297a
30 3%
29%
29
29%
9,600
Sperry Corp
*60
61
55
55
60
*541/2
60
*59%
60
593/4
60
300
55
*54'%
55
*54%
55
150
16%
16%
16%
17%
16%
17
16%
91
9074
92%
90%,
90%
897B
91
44
44
44%
4374
44%
44%
1167a
*
1167a
117%
1167a
115
1167a
*61
63
*62%
63'%
*62%
63
62
62%
*108
110
*109%
*109%
110
110
117%
112
34%
35
114%
6%
6%
f
*110
V
34%
*113
6%
110
112
*110
35
347a
*113
114%
6%
67a
112
351/a
114%
6%
*110
347a
*113
6%
110
111
16%
21,600
Spiegel
89%
780
Conv
43%
*113
*61'%
*110
*109%
35%
114%
16
89%
43%
44%
*43%
16%
90
3474
*113
674
6%
*42%
*113
115
*61 %
63
110
1111%
*110
110
3474
35
*113
114%
67a
6%
1,300
43
115
60
63
200
110
40
35%
8,100
674
16,100
500
prior preferred
prior preferred
79
78%
78'%
89 7i»
89
9174
8874
88%
89
89
45%
4474
45
437a
447a
43%
44%
17,600
Standard
38
38%
38%
38%
38'%
387a
37%
38
37%
37%
16,100
64%
65
64%
65
64%
65%
647a
65
631/4
64%
627a
631/4
26,800
Standard
22%
22
22%
217a
22%
21%
22
207a
211%
207a
207/8
13,600
Standard
Oil of Ohio
30,400
Standard
*125
11%
12%
135
*125
135
117b
u%
11%
37
37
73%
73
3634
3674
*36'/2
37
73
73%
73%
74
731/2
21
21%
20%
207B
15%
15%
15
153/B
*367B
20%
21%
20%
21%
15%
15%
15%
15%
♦
*122
132
*120
4% %
128
11% '
283/4
*36 34
37%
400
72%
72%
73%
2,649
193/4
203/8
20
20%
15,400
Rtewart-Warner
14%
15
15
15
14,800
19
191/4
19%
19%
19%
19%
1,200
13
13%
123/4
13%
123/4
13%
11,500
Stone
273/4
41,000
63%
627B
6%
6%
6%
6 »/2
13%
13%
13%
*125
13%
251/4
247B
116
For
24%
119
footnotes see
page
63
283/8
64
126%
6%
6%
67a
6%
13%
13%
14%
112
2127.
27
*125
13%
247B
25
116%
1
28%
63%
126'/2
25
114
241/B
109
25
111-
263/8
63%
*125
6%
13
24
109
27%
64
126%
27
64
♦125
64
1,500
63/B
6%
63/8
13 7B
127a
24%
24%
114
25
115
*
12,500
pfd (4%%
Sunray Oil Corp
Sunshine
8,200
1,700
25
20
Jan
347/b
Dec
25
407b
Jan
69
Dec
Jan
82%
Dec
115/a Jan
24
Nov
13%
6% Mar 27
7% Jan
2
May
8
54
15% May
9
12
87s Feb
7
4%,
Jan
73/4 Aug
15% Mar
1
sya
Jan
9
Jun
Feb
75
Dec
May
227a May
36% Jan
35
Dec
89
80 !
Feb
25
55
32
Mar 27
3874 May
8
28
27% Jan 24
v.
31% Mar
7
87% Apr
12
60
Apr
Apr 24
56
May
47% Jan
55
2
127e Mar 27
17% May
par
76% Jan
9
93% May
37% Jan
10
45'/4 Apr
16
2
7
7
24
110
57
109
Mining Co
Superheater Co (The)
Superior Oil of Calif
-
111%
110
May
11474 Mar 16
108
>28
Jan
35% May
114% Mar
110
3
67% Jan
23
23
80
48
Sep
13%
Jan
50%
1
5
293A Nov
Dec
7974 Nov
Feb
2774
Jan
337b
115
Dec
Feb
647a
Sep
Apr
115
Jluly
May
113
Dec
33%
Dec
Jan
Jluly
116
Sep
474
Jluly
Feb
7472
Dec
27b Nov
Feb
Dec
387b
33% Jun
8
May
Dec
f
6
64% May
113% Jan
,
par
7874 Jan
92% Feb
407a
Feb
85%
Dec
par
38'/4 Jan
2
45% May
34%
Sep
397s
Jluly
33% Jan
2
38% May
65% May
31
Sep
3478
Jan
5074
Sep
587a July
25
56
Jan
24
20% May 10
118% Jan
24
9% Jan
22
35% Jan
20
6274 Jan
2
16
Jan
22
1074 Jan
2
20
18% Jan
2
No
par
.1
No par
Oil Co
23,000
7
13%
109
Bun
Oct
801/2 Apr
1
Webster
Class A
1267a
Dec
116% May
Studebaker Corp (The)
273/4
297B
126%
43 %
6
Corp
197s
62%
Jan
20
Stokley-Van Camp Inc
57.orior preferred-
137a 7.
287a
23%
No par
L S
197a
*125%
17»/4 Aug
24
Feb
Sterling Drug Inc
13%
647b
Jan
4674 Apr
5
36%
•'. 7 72%
19%
29%
Apr
13%
31
10
367b
73
13%
1261/a
30% May 3
20% Apr 18
227b
20
17
1
19%
*621/4
2
Jan
38% Jan
—100
13
*124'%
267b
26% Jan
Jan
Steel Spring
37
&
Dec
Dec
25
preferred
11%
19%
13
Dec
45 ya
162
47% Apr
new„——10
11 1/4
(The)
Jan
No
11%
8tarrett Co
141
—No
Oil of Calif
13
*19%
Mar 12
58
OH Of New Jersey..
21%
135
165
2174
Dec
20
111
Standard Oil of Indiana
1174
Jan
Jan
5
No par
79
$7
3%
20%
9
7»/4 May
4474
*127.
1
287b
Jan
2% Jan
8974
12
143/b July
5% July
231/4 Mar 19
Standard G & E Co $4 pref__No par
79
135
Jan
46
111% Jan
451/4
11%
Apr
12
22
No par
92%
'
155
57s Feb
Dec
24
4
Mar 26
Nn par
79
•
3
Dec
31%
22
No par
Inc
44%
38%
4% Jan
54%
Apr
No par
897a
3,100
17% Apr
Feb
23
100
91 %4
x38
78
2
22
29%
7
No par
8quibb (E R) & Sons
$5 pref series A
78%
*77
26
Mar
1
No
44%
79
Feb
80% Jan
—*
—
90%
*77%
18
77
35
•
64% Jan
No par
preferred
Brands,
23% Jan
3
Dee
3274 Jan
N" par
44%
78%
Sea
1
Square D Co
5% conv preferred
$6
Dec
35%
3iy« Dee
100
1
Inc
Standard
77b
Apr
Apr
May
par
No par
No par
$4.50 preferred
1131/2
3
247b
23
.100
$4.25 preferred
111%
1
22
40% Apr
_25
(The)
$4.50
9
Jan
21
5
No par
$2 preference series "A"
153/4
*
23
13% Jan
—1
Lines
Sp'^r M%r Co
883/4
16%
91
May
Jun
Spencer Kellogg & Sons
30%
61
28% Apr
23%
preferred
88
38%
55
Sep
48% Jan
1
29i%
*60
207s
1774 Mar
Mar 26
2274 Mar
30
No par
38 34
*53%
Dec
Jan
Wlthington
Spear & Co
30
55
61%
Jan
(A G) 8c Bros Inc
38%
61
Oct
Jan
1874
tr ctfs
29%
55
Oct
153/4
48%
16
No
stk
38
*59%
16V*
Jan
3
42% Jan
Sparks
$5.51
Jan
9ya
Apr
preferred
Ohio
30%
■;
Sep
Dec
Feb
No par
38%
■
ll3/4
72
9
Sep
Co—7.50
29%
88
78'/a July
147b Mar
107b
Edison
Gas
38%
29
18% July
Jan
13%
Railway
Spalding
Dec
May
35
Southern Pacific Co
7,700
84%
15
88
12%
#
89
15%
8
13
637b
7
100
19%
*87%
247b July
7
preferred
&
Dee.
1067a
6
8outh Am Gold 81 Platinum-
non-cum
Feb
1974 Mar
10
Southeastern Greyhound
Porto Rico Sugar
5%
Feb
54% Mar
South
Mobile
Jaa
25% May
8% Dec
2
No par
46%
297B
110
2
15
Corona
19%
301/4
Jan
157s Jan
preferred
45%
30
&
Typewrlter_2Vo par
Socony Vacuum Oil Co Inc„
15
8%
Nov
41% Jan
Skelly Oil Co—
Sloss-Sheffield
115
28% May
8
8% Jan 17
574 Mar 21
—No par
(A O) Corp
Smith
*2274
16
Feb
15
16%
51
17%
*493/8
Dec
Iron—__20
Corp
167a
69
30
5
Coalition Mines!
51
23
69
par
-No par
-No par
(W A) Pen Co—, -No par
15
Union Oil
17
18
*22%
-No
(Prank G)
51
16%
51
7
25% Mar 27
67%
34%
14
8hell
6572
40
10% Feb
3
4,200
65%
40%
23% Mar
93% May 11
Jan
Nov
161/4
78
par
—No par
45 y8
84
22% May
8% May 11
16% Jan 22
—No
Dec
37 ya Mar
113% Mar 17
15
67% Jan
*64%
34
——1
109%
20% Sep
27a Jan
10774 May
9
Jan
108
8% Jan
26
Bhattuck
6
Feb
17% Mar 26
112% Feb
Dec
393/4
109
59% Apr
5,300
39%
Jan
28
/
7
Sheaf£er
15%
6
1U
91/4
Sep
105
5
15%
40%
99% Mar
1
3
8
Dec
Jan
5
10
157B
35
Mar
5
4874 May
II31/2 Jan
Dec
23
147b Jan
200
143%
6
7
Feb
Feb
38%
7
157b May 10
747a
1574
40%
112
par
1
Jun
115%
30
78 i/b Mar
74%
147B
*33%
111
2774 May
5
23
741/2
14%
131/8
...
preferred
60% May
13% Jan
12 3/4
*7172
14%
*7478
106
2
108% May
23% Jan
—No par
8
9
Jan
12% Mar 27
133/B
747s
147B
75
8% Mar 27
38% Jan
23
—No par
Bharpe & Dohme—
$3.50 conv pref ser A
13
747B
147B
*747B
107« Feb
117b July
Dec
173/a
Jan
110%
74% May 11
13
133/B
75
14%
76
9
Feb
17
x42% Feb
—No
Steel Corp,
14%
*74%
8
23% Apr
115% Mar
4
Inc
conv
46% May
13
.-No par
—
$4.50 preferred
Shamrock Oil & Gas
$5
23
May 11
No par
-No par
.
Sharon
Jan
Jan
100
preferred
$4 preferred—
Serve!
37
5
Paper Co
87< Mar
22
112
,..—3%
$4.50
21%
%
100
Beaboard Oil Co of Del
1,J00
93/4
56
*4772
*108
97B
10
112
1123/4
87a
13
May
21% Apr
.—5
5%
24
18% Jan
-10
Joseph Lead
preferred—
Savage Arms Corp
Schenley Distillers Corp.
51/2 % preferred
11274
59
73/4
114
1131/2
57
247b
7%
10772
217B
*
114
24
*112%
33
J
Safeway Stores new—
111%
116
Jan
50%
Mb par
Company
38%
*125
13
90
2
—1
227a
*113
Jan
14
8278 Jan
No par
Co
Oil Corp..
7%
*110
Dec
27
■129% Feb
-10
Mfg
38%
*114%
578
13s/b Jan
17
_10
Tob class B
(R J)
22%
*17%
Dec
22
—1
Spring
7%
107
363/4
11% Jan
.....No pat
preferred—....... 100
conv
22%
*109%
Jan
100
No
38%
*110
27%
'
7%
*108
Dec
Dec
5
100
.
22%
22%
213/4
42%
70% Apr
No par
ser A
38%
*111
Jan
Jan
-25
Common
20
Dec
15%
3274
116% Apr
Reynolds Metals Co-.
Reynolds
Reynolds
31
Dec
July
7
291/4 Mar 19
49% May
/ 447b May
333/4
Jan
—1
Copper 6c Brass
51/4% preferred
102%
19
5
24
Dec
5
.10
Revere
19%
19%
Mar
367. Jan
No par
warrants
with
Motors,
>102%
103
19
30
Mar 26
Feb
100
1st pfd
Republic Steel Corp
6% conv preferred
6 % conv prior pfd
160
15%
112
19% Jan
—
& Co
Preferred
Reo
2
43
99
July
107b July
10774 Jan
100
Hosiery
(Robt)
Remington-Rand
300
•
*109
16%
Silk
Preferred
110
15%
Reading Company
16
3474 Jan
.50
.
72'%
12%
*116%
74
15
—1
.50
Inc
preferred
71 %
123
109%
110
19%
22%
23%
27
12%
*441/4
447a
44
2
.25
Rayonler
$2
Jan
34% Jan
2nd preferred- _50
25%
44%
*73
91
No par
17%
26%
*12
...
,__l
36
49
44%
*102%
38%
Corp of Amer
$3.50
17%
*48%
100%
95
Radio
36
*35%
*116%
87a
88,800
cum)
100
107« Jan 24
18% Jan
2
57%
4
124
Jan
Apr 12
1
No
6
100
-
10
Mar
par
23
Mar 26
25
79
Jan
Mar 27
9
3
231/2 Apr
13
1103/4
Sep
12% May, 7
3874 Mar 2
6%
Jan
28%
Jan
74
137
Feb
May
2174 Apr
1572 Apr
19 7b Mar
14
Feb
291/2 May
lie
Dec
1174 July
3772 Deo
61
Dec
30
117*
Jan
24
97*
Feb
6
15%
Feb
19
20
77b
Apr
127a
7
4
64
May 9
1277b Mar 24
673/4 May
1774 July
13% Jfcily
Dee
Dec
2074 July
13%
Apr
54
Jun
64
Oct
121
Jan
128
Oct
IV* Jan
9
57a
Feb
7% July
147a Apr
2774 Feb
16
57a
Jan
14
17%
Jan
107a July
257a Deo
12272 Apr
30
667a NCV
8474
Feb
RECORD
NEW YORK STOCK
LOW AND HIGH
• per
• per share
t per
Sales
May 11
May 10
per share
9
Friday
Thursday
May 9
« per share
share
Range for Previous
STOCKS
PRICES
Wednesday
May 8
May 7
May 5
SALE
Tuesday
Monday
Saturday
Monday, May 14, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2126
for
I per
Par
28%
28%
28%
27%
26%
27%
27
27
1,200
34
33
33
*32
33
32%
32%
32
32
600
21
28%
20%
21
*20%
21%
20%
21
23
3,300
33
21
33%
32%
33 VB
6,300
owjh
38%
37%
38
37
37'A
8,500
32%
33
32'A
32 Vb
9,200
Syivania
9%
8%
9
8%
8%
8,500
Symington Gould Corp
9%
*8%
9
*8%
9
*54%
55
*54%
55
33
20 'A
20 'A
20%
32%
33%
32%
33%
33%
33%
33%
33%
37%
37%.
37%
37%
37%
38 %
38%
33%
33%
33%
34%
33%
34%
33%
9%
9%
9%
9%
8%
8%
*8%
9%
*8%
9%
*8%
*54%
55%
54%
■54 %
54%
54'A
*54 Va
7%
8 %
8%
8%
8%
*33
9
9%
9
Lowest
31% Mar
22
1944
Highest
t per share
t per share
I per share
19%
4
29
Apr
26
Sep
6
34
Jan
20%
Dec
Sep
33
Dec
Dec
.No
35
Jan
2
23
May 11
6
34% Feb
7
31% Mar 21
Elec Prod's Inc
11
30% Apr
38% May
9
26%
Apr
33%
Jan
29
zo
00—'-—.—w—-
Apr
17% Jan
Sutherland
at
Jan
31
Swift International Ltd
34%
29
33
share
25
100
Superior Steel Corp
10
Paper Co
Sweets Co of Amer (The);— —12 Va
27
29
Year
Range Since January I
Lowest
Highest
STOCK
YORK
EXCHANGE
Share $
$ per share
share
NEW
the Week
1
7
27%
Jan
33 %
Jun
Apr
6
34% May
7% Jan
par
2
10% Feb
8%
27'A
Jan
8
Dec
8%
5% May
15
Jun
T
*7%
8
13%
13%
54%
55
13%
54%
13%
54 %
7%
8%
8%
44%
44
,
8
13%
53%
13%
13%
2,100
54%
*13%
54%
53 Va
54 %
9,600
Texas Co
7.%
7,900
Texas
43 Ve
44 Va
7,100
Texas Gulf Suiphur
Xl9%
20%
20%
20 Va
6,900
Texas
21%
8
21%
22
21%
21%
21%
17%
16%
17%
16%
17
16%
16%
16
16%
16 VB
16 Va
36,600
38
39
39%
39 Va
3,500
Texas &
16%
16%
17
17
2,500
Thatcher
40%
41%
40%
41
40
40%
39
39%
17%
17%
17
17%
17
17,
16%
17%
50%
50%
50%
52
*9%
10
97
10%
11
58
*56
■
13%
12%
14
13
10%
10%
9,600
54%
54%
13 %
51%
52%
50%
51%
51%
51%
5%
5%
5%
5%
5%
5%
38%
38%
38%
39
19%
19%
19%
19%
105%
105%
105
39'/a
39%
39
39 Va
38%
39%
37%
39
55%
56
55%
55%
55%
55%
55 %
55%
10%
11%
35%
37'A
*21%
21%
21 %
38,
105%
11
11%
11
11%
11
35%
35
38'A
37%
38%
21%
22
21%
21%
21%
6%
6%
6%
6%
108%
108 %
108 %
108 %
6%
6%
109
*108%
41
38 %
38%
39
39 %
3,200
19 %
19%
18%
19%
18%
18%
13,600
105%
105%
105%
105 Va
105%
38%
38%
5,500
37%
12
12
12
11%
21%
21%
21%
21%
21%
*104%
104%
104%
104%
28%
29 Va
29%
29%
36%
36%
104%
*103%
104%
*11%
11%
11%
11%
11%
36
*103
11% <
118%
118%
118%
13%
18%
18%
18%
63%
63
63%
63
63 3/4
16%
17
16%
17
16%
17
93%
93%
18
11,800
22
6%
14,000
107 Va
106%
$4.50
Axle—
Detroit
Tlmken Roller Bearing—
Transamerica Corp
-
—•—1
Tri-Contlnental Corp..
$6 preferred
—
Corp
11%
11%
2,100
21%
3,800
Tubize
104%
104%
28%
20,300
35%
36
35 Ve
35%
9,600
104%
*102%
104 Va
10
11%
11%
11%
600
60
120
120
120
17%
17%
17%
17%
64
64
63
64
63
63
16
16 Va
153/4
16'A
7,400
20th
preferred
$1.50
preferred
,No
$4.50 prior ptd————No
Twin City Rapid Transit
No
7% preferred—
Twin
—
Coach
3
26% Mar 21
34% Mar 27
No par
par
29%
8%
Feb
16% Nov
17%
Jan
35
12%
Jan
24V4 July
50 %
Feb
58
5%
Feb 28
Apr 16
Apr 16
92
11'A Feb 19
7
4%
Jan
Dec
July
Jan
122
Dec
Oct
94
Dec
Apr
81%
10%
Dec
12 Vb
Dec
11 %
Jun
13% Mar
32 %
$3% Mar
6 - May
41
May
20'A Mar
Dec
9% Nov
Jan
12
139
100
Jan
49%
2
Jan
Dec
Feb
100
3
2
13
125
1
14% Jan
—No par
Dec
Apr
52% Aug
8%
Jan
11%
Dec
17%
Apr
29
Dec
12%
Jan
18%July
3'A
-
Feb
5%
85
Dec
Jan
105V4
Dec
Jan
11%
Nov
15% Mar
20%
Dec
8%
102
Dec
1021/4
Dec
21 %
Feb
28%
Dec
28%
Jan
35% Dec
85
106% Jan 13
9% Jan
115
Feb
Dec
38
43 %
13'A Jan 17
22% Apr 25
106% Feb 21
29% Apr 19/
36% Apr 19
par
July
109
Jan
13
100 %
38% May 8
24 Va Mar 8
7 % Feb 20
3
17
Jan
25
7
108'A Jan 15
104% May
Oct
5V2 Aug
34
18% Mar
Par
Co—
Dec
37% July
Feb
109% Mar 15
101% Jan
100
.
Film Corp
Fox
Cen
6%
Feb
Apr
Jan 13
10% Mar 22
18% Mar 28
No par
1
Jan
4Vz
40% Apr 23
56% Feb 16
11% Jan 9
103
No par
:
Corp
Rayon
4% %
400
28%
-—5
Transcont'l & West Air Inc
Oct
50'A
Sep
14%
34% Jan 22
50
Apr
6
10
Mar 26
26
Jan 15
18% Jan
2
5
Jan 2
—
Dec
12% July
44%
15% Mar
2
Mar 15
8%
10 % Mar
56
May
15% Mar
105
51
Jan
41% Apr 24
21% Jan 10
59% Jan 24
16% Jan
-10
—No par
10
No par
2
Trar.sue & Williams St'l——No par
21
23%
*118%
preferred-
conv
Ttmken
12
18%
17%
Oil
Water Associated
Tide
Truax-Traer
104%
*11%
i.No par
No par
Nr par
Thompson-Starrett Co
$3.50 cum preferred
300
6
6%
108
1,100
25
-
Jan
32%
13
Jan 3
45% Jan 23
4'/a Jan 2
31
Jan 22
Corp-No par
Transit
Avenue
Jan
4'A
7
5
25% Mar
17% May
54% May 11
10% Jan 11
preferred--—-—50
conv
21%
*103
119
119
118%
18%
119
119
36%
*21%
28%
11%
*11%
35%
21%
*104%
104%
*103
104%
36%
21
36%
36%
36%
36%
36%
*103%
12,100
"11%
29%
28%
11%
11%
6%
105
105
2,000
11%
107 Va
21%
29%
55%
11%
12
21
55
35%
108
11%
55
55
6%
6%
108
11%
105
Third
1
Co
div
Thompson (J R>
Thompson Products
4,090
37%
21%
29
22,400
5%
11%
*104%
4,600
5 %
5%
105 %
105 Va
11
50
5%
6
x
'
33%
100
38%
19%
■105
49%
51
3,500
5 Va
40%
19%
.
12%
14'A
12%
*14
14%
$2%
...
Jan
2
Jan *2
Jan
2
125
Jan 3
93% Jan
8
9% Mar 27
100
100
preferred
Thermoid
320
50%
51%
51
10%
55
*14
.14%.
—No par
preferred
6%
~10
13%
13
*14
cony
1%
55
55
No par
preferred———No par
Mfg Co
The Fair
95
*93
95
$3.60
700
138%
10%
11
55
55%
*93
96 Va
*133 Ve
810
9%
*9
9%
138%
10%
11
14
14%
14%
9%
*133%
■
100
Pacific Ry Co
51%
*51%
51
9%
138%
•
*95
55%
12%
56
*14
14%
9%
*133%
97
10%
11%
56
.
13%
12%
*14
*95
97
10%
9%
138%
*9
138%
*95
97
51
51%
50
51
'
*133%
139
*133%
51
"133%
Texas Pacific Land Trust
7
42
Feb 16
Mar 5
Feb 7
Mar 1
55
Feb 19
9% Feb 14
45
May 7
6
3
Jan
2
May 10
Jan 22
Jan 30
Mar 31
44% Mar 29
8% Apr
6
No par
10
1
Pacific Coal & Oil
22%
9%
new—U-1
Producing
7%
44%
22%
9%
(The>
Gulf
7%
11%
48%
6%
36%
xl9%
13%
30%
14%
5
—25
—
44%
17
*■
Coro
8
44%
45
Tennessee
45
8
8
44%
1,900
50% Jan
7Vs Jan
50
5
5%%
10%
56
9%
14%
7% Jan 16
9
Talcott Inc (James)
partic preferred
Telautograph Corp—...
30
8%
*8%
8%
8'A
13%
54%
55
54%
.
8%
45
44
8%
13%
13'A
13%
55
100
,
Jan
105V4
Dec
9%
Dec
Feb 27
Feb 26
5%
Jan
68'A
Jan
3
19% Feb 16
8%
Jan
I6V4
Dec
58% Jan
3
64% Apr
51JA
Jan
66
Jun
14% Jan
24
9'A
118
Dec
U
*62%
92%
93%
92%
933 8
112%
112
*113'A
115
233A
24
*110%
112%
*110%
*113%
115
*113%
115
24%
23%
24%
*1131/4
115
*114
115
*110'A
113%
*110 'A
23%
23%
127
128
126
109 Va
109%
1093/4
323/8
32%
29%
30%
128V3
129V2
109 %
109'/a
109%
*109%
32 Va
321/4
32'A
323/«
32%
29%
29%
29V4
29%
29V2
29%
108%
128%
25%
*127
128%
129
126
126
3,000
109 >/a
1093%
1,200
32%
32 'A
32 »A
2,300
29 Ve
22%
30Vu
22,100
*109
109
109%
35%
128
*124
Preferred $4.50
*122
36 %
12,800
"126
78% Jan
27
4%
—No
series
5%
Air
,
Jan
8
116
Jan
25% Mar
20% Jan 22
Feb
15%
5
76
Sep
82%
23
113
Feb
29
109%
4
118
92%
Feb
104
Dec
26
Jun
30
Nov
25%
Jun
33'A Nov
100% Jan
24
109% May 10
Lines
10
...
33 % Mar
32% Jan
11
110% Apr
18
8
.
110%
Dec
Dec
100
100%
Feb
31 Vb Jan
..—100
Inc
19
25
106% Mar 20
5
preferred
Vb Jan
27% Apr
29
__No par
Oct
Sep
Jan
130
..
20%
17%
93 %
24
Corp
115
Feb
Dec
Jun
Nov
1
109 % Jan
Apr
119
28
.——.100
preferred
conv
93% May
117% Jan
17
preferred- —.100
Aircraft
4%%
113
par
25
of California
non-cum
United
300
17'/a May
24
Xll0% Apr
Union Tank Car
1,500
J09
36%., 36 V4
126
127%
par
„No
Pacific RR Co..__
United
par
pfd. —No par
Union El Co of Mo $5
Union
127'A
—No
Bag & Paper,—
Union Carbide & Carb
Union Oil
109%
'
:
Union
9,300
233/a
23
29%
37%
36%
'V
100
32
109
109
*109
37%'V 38
*38'A
128%
128%
25%
109
109
37
33%
Underwood Corp
112
24
8,300
115
129V4
129%
32 V4
109
92'A
91 Va
92 Vb
112 Vb
Vb
110
128
16
23%
109 %
37%
91
/15%
*113'A
129
108%
92 Vb
92
*110%
112%
24%
:
3,200
10,400
22
38% May
4
22%
Jpr
36 %
Dec
Jan
22
128 % May
3
102'%
Jan
123%
Dec
118
Sep
'
*25%
25%
25%
*111
113
*111
113
*111,
73
72%
72%
72%
*28%
29%
28%
28%
28%
1%
1%
1%
44%
43 VB
73
43%
20%
106 %
*11%
■
111
72
29%
*28%
28%
*25 »A
25%
111
72
25»/2
500
71%
71%
1,300
28%
300
13/4
1%
28%
1%
28%
1%
1%
1%
1 Vb
30,900
44 %
43%
43 V8.
43%
43 Vb
43 3A
43%
5%
19%
19
9,000
106%
12
"lP/e
11%
106%
11'A
11%
80
*78%
80
78 Va
20
18%
106 Va
*106
IOV4
18%
19%
106'A
*106
105'4
10%
400
10%
1,900
10%
79
12%
12%
12%
12%
12%
12%
37
37%
37
37
37
123/8
37
•
79
>
78
v;
78%
*77 %
793/a
Jan
24
6
110
66
Jan
2
73% Apr
23
61
May
29'%'Apr
28
22
Jan
22%
26% Feb
1% Jan
2
No par
38 % Jan
2
15% Jan
22
Feb
6
9Vb Jan
Jan
No par
Corp
United
5
Co
Drug
105
United-Rexall Drug $4.75 pfd No par
United
1
Dyewood Corp.
Coal
12V4
12%
12%
123/a
3,300
United
Electric
36%
3 6 34
363/b
36%
1,900
United
993%
4,300
United
Fruit Co
16%
17%
16%
17
163/8
16%
16
16%
163/b
163/a
8,300
United
Gas
25%
25%
25%
25%
25
25%
23%
24
24
24 V8
3,500
United Merch & Mfrs Inc
1073/4
107%
108
7%
7%
100%
100%
100'A
100%
100%
99%
91 'A
100%
K
108
108%
108
m
108
No
'
7%
7%
7%
7%
7%
5%
7%
1073/4
7J/2
107%
170
73%
1,700
preferred
United Paperboard
16%
16%
8,300
1 Va
31%
28
Apr
42 Vb
Dec
Dec
4
12 Va
Apr
17%
Jan
11
95'A
Jan
106%
5
13% Feb
3
5
81 % Apr
27
13 Va Feb
20
20% May
108
6
Oct
1% July
Jan
7
Dec
Feb
45%
11% Aug
Apr
78 Vb
Aug
11% Jan
2
Jan
11%
31
39
Mar
6
26 Va May
36 %
Dec
9
101
May
5
75'A
91%
Dec
89 Vb Mar
par
13% Jan
Co.__13%
1
Improvement
*107% ,108
73/8
7%
16
33% Jan
•
108
Apr
Dec
Jun
70% Julv
5
Engineering & Fdy
17%
2
44% Mar
114
5
Cos
12%
25%
O O cr*
66
100
Preferred
390
17
101
114
1
No par
$3
Corporation
preferred
24%
Mar
par
United
United-Carr Fast
20% May
111
Apr
Jan
28
100
25%
100%
26
par
No
Carbon Co.—
37
363A
Mar 22
No
Co
preferred
conv
United
8,700
19
19%
*28
Biscuit
United
20
112
*109
'
79%
79
*25%
113
72 lA 0 72%
106%
*11%
'
72%
20%
106%
12
44
•25%
25%
*111
106%
20
20%
106%
1%
1%
44
253A
113
22
2
Oct
15%
Jun
Jan
109%
Dec
4
Feb
7%
Sep
24
7%
Feb
108% Jan
26
97%
19% Feb
19
7
Feb
21
24
18% Apr
Feb
5
16% Apr
U S & Foreign
Dec
30
16
lo
6% Mar 26
Jan
11%
26 % Apr
9
Jan
,
98%
17% Mar
20
Mar
Jan
107
100
10
—
8
110 '
•
8
'
18
*17%
IO0V4
106 'A
18 Vb
17%
17%
17
*l0b'/4
1U7-/4
106
106'A
18%
86%
85'A
190
195
47
»
195
*190
37
19%
18%
*53%
47%
47%
7%
7%
7%
7%
33%
33%
7%
34%
35
106'A
1061/4
106 »/4
107
17'A
17
17
17%
84%
190
*190
19
18%
*53%
54
47
*53%
4634
18%
'
734
7%
x34 V4
8
35 'A
35 Vb
*7%
112 «/2
34,800
10%
10%
*103/a
10 %
10%
10 Va
10%
10 Va
10%
10>/2
3/100
44 V8
43%
43%
44
44
43'A
43%
42%
43%
42 Va
423%
2,400
*48%
28%
50%
29V4
*41%
*
48 Va
48 34
50
49%
49%
28%
28 %
28%
28%
28 Vis
2%
2%
2%
2%
2%
23/4
58%
59%
166
*
163 Vb
59
60'A
64%
64%
64%
82
81%
168
64%
67
81
81
,65'A
82
81%
67%
68Vb
25'A
25%
67%
68 Vb
148
148
148
148%
50
*47'/a
5
4%
25%
25%
49
*47%
4%
5%
108%
108%
1 o rt'
18%
*18%
5%
108%
jgS/T
*4%
5%
108%
5%
6
6%
6%
6%
43%
43%
*44V2
89%
90
'108
*18%
19
6%
6%
45
*178
*43
89 Vb
88 Va
*88 Va
180
58 Vb
59%
•163%
168
-178
165
67
*79%
68 Ye
67Va
148
147%
25 VA
25%
49
*47%
*4%
4%
5%
53/4
2%
59 Va¬
les
163
69
8,500
80 3/2
600
663/8
146 Va
251/4
49
*47 Vb
4%
4%
6
5%
108%
18%
108
"
18 %
6 3/4
6%
44
*43
65 3/4
65%
53,600
147%
146 '/4
1473/2
U S
25%
25 3/4
49
25V4
*47%
4%
107
5Vb
6%
83%
180%
180%
180%
180%
180%
*178
180%
25%
25%
25'A
25%
24%
25%
241/4
24%
13%
14
13%
14
13%
14
13%
14
133/4
13 V8
36%
36%
36%
37 Va
36%
36 3/4
35%
36%
3534
35%'
14
14%
50
50%
800
44
87
180'A
500
6Va
*6%
88%
2,100
18 V8
*43
89 »/4
14,100
108
*18%
45
700
20
88
470
1801/2
70
24'A
7,300
13%
2,400
United
Universal
8%
Sep
Jan
10%
Dec
44% Apr
17
30%
Apr
37%
Jun
3
40%
Jan
Mai/ 26
4
Jan
60% Feb
19
40
130
12
165
69
May 11
85
Mar 19
Jan
2
72
Jan
18
par
58% Jan
24
135 Va Jan
2
par
25
69'/a May
1
50'A
78
9
Xll9%
Jan
1
50% Feb
6
44%
Jan
24
5'A Feb
28
2%
136%
Dec
27% Aug
Apr
Jan
4
Dec
Dec
63% July
Apr
May
149
Dec
61% July
Dec
26% Mar
24'a
May
48%
Dec
4% Nov
4% Jan
23
May
5
Apr
5V»
Oct
98% Jan
5
108% May
7
76
Jan
106%
Dec
Jan
2
20% Mar
6
14%
Jan
5% Jan
2
8
Jan
25
3'A
Jan
Jan
5
47 v
Jan
24
31
Jail
41%
93% Mar 19
68
Apr
81%
162
Mar
16
39
No par
75'A Jan
178
100
preferred
150
May
22
Mar 29
No par
Leaf Tob
69
47% Mar 27
V
—1
Inc
48%
.
Nov
54% July
Jan
6
144 % Jan
52
4'A
Feb
9
51% Jan
100
May
%48
Feb
1
2
!
1
———5
.
Sep
8%
55% Mar
No
.
Dec
29% May 11
preferred—
Laboratories
Dec
6
100
Preferred
113
Feb
10% Feb
5
2%
conv
Universal
jV.
33%
Jan
2
2
28% May
preferred
No par
Universal-Cyclops Steel Corp
—1
$6
9
Jan
9'/s
Jan
.No
United Stores class A_.
5
16%
Apr
50
Stockyards Corp
43% July
5%
50
Co——.
51% Nov
Apr
1
46
1st preferred
non-cum
Oct
Jan
110
10
10
Corp
Tobacco
7%
4%
5%
5%
18%
U S
Jan
15%
Jan
34'A
10% Mar
2
Preferred
49
4 3/2
108%
.2,100
Steel
114
Jan
42
7
Jan
Smelting Ref & Min
U S
35'A May
35
Co
non-cum
8 %
1
1
—20
Preferred
2,400
89 '4
90
8%
300
68
108 Va
6%
163%
80 %
X65
...
Plywood Corp
Rubber
May
—10
Foundry—
U
67%
25 V8
9Vb Jan
7,900
81
68'A
10
583/2
66
149
23
Playing Card Co
S
Dec
21
22
57%
163
186
9% Feb
7% Jan
5,500
58
Jan
14%
30
IUVb Jan
2%
81
*18 Va
*43
U S
81
18 34
6%
U S
6,300
170
54
1
VV 2%
2%
-
12
49'A Apr
6% Mar 27
(new) — V—ALl
.No par
IU S Realty & Impt—
29%
19% May
Feb
7
Jun
10
30% Mar 26
:—
Apr
Dec
21%
88
17
par
Co
U S Pipev&
2
88% May
191
107%
Jan
Mar
Jan
—100
preferred
Lines
Preferred
1,600
50'A
29
68 Vb
108 Va
45
57Va
163%
Prior
U S
—
17
No par
No
Leather Co
Partic & conv cl A-
50
10%
28%
*4%
U S
10%
47%
25%
2,600
5,900
22
Jan
12% July
70
38 % Jan
50
50
preferred
conv
Jan
13% Jan
5
Hoffman Mach Corp—
U S industrial Chemicals— .No par
10%
*112
180%
100
U S
10
112
77
20
i,
1,300
.34%
105
No par
preferred
5% %
734/
*73/2
*34'A
—
2,900
112
2Va
*48
7%
53V'a
46%;
7%
34%
34
18%
46%
10%
*112
113 %
48%
68%
*53%
U 8 Freight Co
U S Gypsum Co
10
112 %
*112
112
28% ; 28%
148
183/B
54'A
.
9%
44'/a
.
18%
47
2,900
9%
10%
59
86
195
9%
10%
'163
86
*190
3,000
11% Jan
Secur.—. .No par
,No par
$6 1st preferred—
160
17%
9%
9%
2%
107
9%
112
113%
9%
*48
85 »/4
193
*46 Va
53 Va
47%
48
16%
88
190
19%
54'A
16%
85%
87
19%
17 Vb
17
195
*53%
47
33'A
112
1061/4
18
*190
88%
,>:• 87
53%
*53%
17%
18%
18
20
*19%
17
17%
-
24
Mar 27
6
185
Feb
6
2'A
18 % July
6
176
July
Dec
Dec
Nov
V
14 VB
14
*51
52
51
*90'A
94 '
*90V4
94
*90'A
94
V *90»A
94
*92Va
95
*92
95
*92
95
*92
95
*31 VB
32%
*31%
31'A
24
14 VB
*31V#
32%
4'4
64%
*119%
64
*14
/
4 Vis
64 V4
11934
120
14'A
51
4%
4Vi
63%
v
119%
50.%
14%
50 V 4
4%
-
4%
63%
63 Va
120
120
/.
301.4
4Va
63
*11934
31
4%
64
120%
*133A
50
24%
241/4
13V4
.
*36%
*1334
14V4
50
50%
94
*92
*92
*28
29%
4»A
62
1193A
119%
*73
79
*73
78
*73
80
*73
47'A
*45%
47V4
*46
47V4
47'A1
*39%
39%
39%
38%
39%
*45%
i 39%
39%
136%
136%
136 Vb
136 Vb
*145
*134
*134
"148
*148
*148
For footnotes
see
page
2127.
tc
*148
291/4
300
41/4
62%
5,200
1.700
*1193%
80
*46
120
Norman
140
6%
Va
El
div
&
Pow
Va Iron
473/4
Virginian Ry Co
*39
393/4
*134
*148
•
140
800
*80
6%
preferred..
Vulcan Detinning Co
Preferred
"
pfd
23 Vb July
Jan;
14 Vb
Jan
Nov
52
Sep
6
17
Jan
8
12'A May
16
Dec
16
52
Mar
7
41%
Jan
51
Oct
Dec
29
91
Jan
93
Api*26
24'A Jan
20
8
3 Vb Mar 27
100
9'A
28
86 % Mar 26
59 V8 Jan
17%
8
5
2
5%
.
6
20
Mar
90% Jan
No par
pref
Coal b Coke
Apr
Mar
15 Vb Feb
39
100
Works
$5
80
13 Va Apr
49
28
22
100
partic preferred
*45%
Jan
—5
Chemical
*73
'
Mar 27
32
Co_6%
preferred
Chemical
Va-Carolina
13
10
Sugar
Vertlentes-Camaguey
Victor
2
2.50
—
Vick Chemical Co
non-cum
21% Jan
No par
Co
Van Raalte Co Inc.
5%
34
62
Van
Corp of Am
Vicks Shreve & Pac Ry
4V4
43/2
621/2
79
'134
900
1,000
96
29'/8
:.
95
95
47%
39%
51
*92
*46
*391/4
900
14%
:
*90'A
*
*73
39%
37
Vanadium
9
33% Apr
19
5% Feb
20
Feb
20
69
Oct
63%
Jan
85
70
Feb
85% July
21'A
Jan
25% Aug
3%
50
5V» Mar
Sep
62% July
Sep
113%
Jun
Va
120
Aug
100
.100
118% Jan
8
123
Feb
19
Jan
22
75
Feb
28
38
Feb
63
Nov
25
25
100
45% Jan
25
48
Feb
13
37
Jan
45
Dec
36 % Jan
16
39% Apr
6
33
Apr
38% Nov
5
102
Jan
125
149
Feb
155
100
57
r
120
Mar
2
136% May
145
Mar
5
147% Mar 26
-
Oct"
July
Volume
161
Number 4385
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
LOW
Saturday
31ay 5
$ per
AND
HIGH
Tuesday
May 8
STOCKS
Wednesday
May 1
May 9
f
share
share
per
RECORD
SALE PRICES
Monday
I per share
* per
2127
Thursday
Friday
May 11
May 10
\V 9 per share
enard
Sales for
V I per share
■.
NEW
the Week
YORK
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
Year
Lowest
Sharec
Par
t per share
1944
Lowest
t per share
Highest
I per share
t per share
W
70
'
70
70%
70%
69 %
70%
69
69
'15'/a
15%
15 y4
15%
15%
15%
15%
15%
15%
34 %
34%
34V4
34%
34%
35
34 %
34%
34%
109 %
109/2
'108Vi
•109%
110
*70%
71%
19/a
19 /a
69%
71
19%
11%
11%
'63 34
10%
,'10/4
2%
65%
2%
15%
No
Ward Baking Co el A™!
No. par
2
a%
9% Jan.
11%'May
11% Mar
4,900
No
1% Jan
2
64% ..64%
.800
2% Apr;
17
66% Feb
14
15% Feb
2%
65%
65
66%
•64%
65%
27%
27%
27%
22%
22%
27%
21%
27%
22%
38 Va
38%
9%
38%
38%
38%
9%
9/a
9%
26%
'84%
26%
26%
26%
25%
85%
85
V
'
85
'84%
85 y4
'84%
85%
27%
27
27%
27 Va
14%
27%
14
14%
14
37/a
34
38
35%
17%
"
14%
37
.
"
85%
27
110
2%
/
26%
'84%
9%
26%
17%
16%
17%
16%
>
.
26%
14%
35 %
37%
37%
37%
1,400
wavne
9%
9%
9%
8,300
Webster
Wesson Oil <Ss Snowdrift
26%
26
26%
26%
105
105%
104
105%
115
113
113%
113%
'111
103%
113
'111
113
'111
"
103%
24,000
300
113%
106
115
117%
24%
100
370
.
27
105
24%
2,700
85%
27%
107%
'84%
103%
103%
103%
103%
103%
103%
117%
•
117%
117/4
117%
24%
24%
117%
23%
24
117%
24%
117%
24%
111
111
110%
110%
113
24%
•111
113
,
No
;
Indies
Sugar
340
0%
2,400
West
:-6%
20%
21
20 Ve
21%
21%
21%
21
21%
20%
20%
21.
21
5,700
Western
Air
43%
44
45%
45
45
45
45%
44%
44%
44%
45
3,300
Western
6/2
6
5,600
Western
20%
20%
44%
44
6/2
6%
6%
6/a
6%
6
20%
20%
20%
20%
20%
19
6%
20
43%
43
43%
43%
41
43
6%
6
20
20
20%
4%
1,300
41%
41%
41%
84
84
83
83%
82
82
81
81
77%
81%
45%
46%
45%
46
45%
1,200
46%
46
45 /a
79%
45%
81'/a
46
45%
46 %
10,800
28
27
27
31%
30%
31%
133%
134%
'27%
*26%
28
31%
31%
31%
•;
*26%
28
30%
31
27
27
42
'27 %
30%
30%
131%
Preferred
series
151%
xl 52'%
153%
*34
34
32%
*32
109%
110
108%- 109%
109%
104
105
132/4
*108%
75
*71%
104%
133%
152%
152%
34
34
105
*104
,
32%
.*108%
109%
109/z
*71/4
75
*71%
,
153
34%
32%
109
*151
152/a
32%
*34 '
34%
32%
134%
109%
109%
109%
*103%
108%
109/a
*71%
75
*104%
105
30%
33%
33%
33%
600
Weston
32
600
Westvaco Chlorine Prod
7,100
*31%
Westinghouse Air Brake
109%
108%
*71%
*108%
*108%
75
109%
108%
*71%
20
104%
104%
104%
39%
38%
39%
38
38%
36%
38
36
37%
36%
37%
96
95%
96
95%
96%
95%
95%
93
95
94%
*23%
94%
24%
300
29%
5,700
*23%
24 %
24/»
24%
31/a
31%
30%
'24
31%
11
92
11%
11%
92
*32
33
*7%
•
"
11%
12
7%
24%
22%
23%
12%
12%
100 %
12%
OO
*100Va
17%'
17%
i?
IOO/2
17%
17%
17%
11%
11%
*89
22%
..
..
21%
7%
21%
22%
7%
22%
i
74,900
Willys-Overland
12%
12%
13.700
1,100
*100 Va
17%
17%
Preferred
—
*131%
'131/z
—
*29%
*131%
—
*131/2
29%
29%
29%
29/4
29%
46
29%
45% r 46
29%
45%
45%
45%
45%
45%
56%
55%
55%
55%
55%
54
55%
89/2
*87%
89%
*87
88%
90
*89
90
*89
90%
*56
89%
*89
93
' "
93
*74
75
89%
90
.•'■
*90
-
*90
75
14'/a
92%
*75%
92%
75 '
14%
•
14%' "
14%
*88
89%
1
78
14%
•
*90
■
15%
89
90%
*74
*86
iu
*87%
7
3,400
I
200
I
600
Worthlngton P & M (Del)
No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series
100
Wright Aeronautical
No par
40
76
300
14%
14%
14%
14%
40%
41%
40
40
Writer
'Wm>
pfd
'Del)
4,800
Yale ft Towne
113
Dec
.Jan
112
lo
..
Sep
7
7
26%
Apr
7% Mar
2
3%
Jan
6% July
2
23% Mar 19
7%
Jan
2
45% Apr
2
85% Apr
9
28
1
37 Va
28
29%
Dec
28
65
Dec
66'/a
49 % Mar
8
41
Feb
53% July
29 Va Mar
8
22%
Jan
3iy4 July
15
21
Apr
Apr 17
33% May 11
Mar 26
x91
Feb
x31% Feb
155% Apr
32% Apr 26
27% Feb
3
36% Feb
16
29%
Dec
27
25%
Jan
32
16
113% Jan
17
105%
Jan
111
106% Jan
4
110% Apr
Jan
19
64
78
19
-
77
July
97%
Jan
Feb
66% Jan
921/4
22
15
18
20
Feb
12% May
9
5
93
4
x64
2
24
104% Aug
32% Dec
Feb
1
May
34% Mar
9
Feb
Apr
2
100
13% Jan
2
Apr
17% May
130
Jan
87 y2
Jan
31 'A
Dec
Jan
9%
Apr
Oct
Feb
8
8
12
Apr
Jan
%
6
4
14% Feb
101
Dec
July
29% July
9% July
4%
13
24% May
2
15
128
Dec
Nov
107%
20%
8
26% Feb
16%"Mar26
10 % Jan
97% Jan
Dec
July
15
6% Mar 26
-
Dec
151%
101% May
59 % Feb
31% May
23
-.
127% Mar
Dec
40 % Apr 30
15
Jan
30
126
96% May
3
83% Jan
5
Feb
24
8% Jan
-
30
107% Jan
103% Apr 20
31% Jan 24
-
Dec
36'/a
33% Apr
108 % Feb
•
Dec
31%
137
33% May 11
144
Feb
1
•
Dec
16% July
31% Dec
44 1 Mar 26
26% Jan
6
Jan
20% July
11% July.
Jan
99y4 Nov
Jan
14'A July
80%
10%
'
2
7
Jan
22% Jan
Sep
J.25
Sep
30% Apr 21
46 % Mar
8
19%
Apr
24
July
24
36%
Jan
44%
38
Jan
15
59% Apr
17
20%
Jan
41% Nov '
79
Jan
3
90
16
47%
Jan
821/2 Nov
80
Jan
5
75
:
30
40% Jan
•
Jan
24
6
69% Mar
pa*
.
103
20
Apr
Dec
21% May
45 % May
100
No
Wyandotte Worsted Co
6,100
i
Feb
13
10
Jr
96%
22
10
89
28
4% Jan
-
10
88
Feb
Dec
100
r."
*74
75
Dec
115
110
100
90%
52%
87%
88/2
90%
75%.
15
54
87%
...
92%
75
'
15%
53%
102%
Feb
-
—_1
6%
Jan
July
No par
No par ■ ■
Wisconsin El Pow Co
Dec
83
28
-
1
Woodward Iron Co,
28
115% Jan 24
20
Woolworth (F W) Co
'
'
700
Dec
"
Jan
par <
6,200
85%
Feb
19
9
54%
45
Jan
18%
108% Apr
22
i
>,
28%
45%
77
8
16%
26% Jan
88%
29
45
-
Jun
28
23
21% Jan
Co
25%
26% Feb
-
28%
45%
*131%
29
.
.
Wilson-Jones
Jan
118%
-
called—
22%
103
»
—20
Motors
Dec
20
Apr
' 87% Jan
No
Dec
10% July
27% Jan
26
•
j
1;800
87
8
■
17%
17
Feb
-
$6 preferred
*100%
20
par
Wilson & Co Inc
100%
28% Feb
22%
'31%
Jan
30% Jan
5
100%
2
Apr
Jan
6%
APrO
-
.—100
Oil- Co
12%
Jan
15%
23
>
85%
1
100%
2
.^No par
.
Mfg (The S S)
12/a
19
17% Mar
par
100
preferred
Wilcox
800
'
131%
Prior
20
39% Feb
11% Mar
113%
•
No
White Sewing Mach Corp
$4 conv preferred
300
24% Feb
3
May 10
16
par -
No
Mar 26
32% Jan
var
White Motor Oo
19,100
40
Aug
64% Jan
No
preferred
White Dental
25
13% Feb
12.50
prior pref
*100%
13%
r-l O O JT
17%
i
i
conv
$5 conv
Apr
15
No Par
preferred—
preferred
5%%
22%
-
50
Instrument
Wheeling Steel Corp
480
32%
7%
80
4,900
s
11%
92%
*32
*7/4
*100/a
17%
12%
92
32%
92
7%
*100%
29
*31%
33
12%
«
*100%
*
«■«.
12%
90
7%
21%
13%
100%
13
100%
30
*32%
*7%
12%
24
28%
12
33
100%
24
30/2
90
93
33
24%
29%
,
12%
*90
7%
23/a
100 %
24%
30%
33
7%
23%
25
30%
93
*90
32%
7%
23%
'
>
104%
9
-
;
50
Wheeling & Lake Erie Ry
95%
27% May
Apr
i2%
preferred
Elec
$4.25
75
39%
**
partic
$4.50
50
;
No
:
_•».
1st
7
106% Feb
100
Westinghouse Electric Corp
20
31
Dec
18% May
118
>
10
5,800
33%
31
July
36%
2
—No par
30%
152%
33%
109%
*108%
75
104%
*150
24
32%
x32
May
15
Feb
106
100
Class B
New
62
Apr
8
—100
33%
X133
135
134%
Jan
11%
22% Mar 21
1
Jun
Jan
100
A,
2Vo Aug
22%
101
•
preferred
Feb
-116% Jan
Western Union Teleg class A .No
par
200
132%
2nd
non-cum
1%
45
109% Jan
-
No par
Inc
11% Mar
8
100% Jan
Western Pacific RR Co com—No
par >•••
3,100
28
Lines,
10 Va
Jan
14
26
23% Mar 26
-
-
Supply Co
Maryland Ry
Jan
8
37% May
9
-
100
Auto
6%
-
par
pfd
Jan
7%
1
Mar 27
" Mar
20
100-
4%%
15
17%
7
84% Jan
1
Pulp & Pap Co
preferred—
43%
Nov
16
30% Jan
par-
Corp
Va
390
X20
24
100
Power
24
-
par
preferred
Penn
20% Feb
;
No
preferred
West
19% Apr
16% May 10
24% Jan
2
•
5
No
'
310
Nov
5 •1541
West Penn-Electric class A—No
1%
68
30
1
Inc
$4 conv preferred
West
Feb
13
par-
Co
Tobacco
Dec
108% Nov
48
57% Jan
-
5-
Co
Nov
27
8% Jan 12
par
Corp
WasningtotteGas Lt
Waukesha Motor Co
116
103%
Petroleum
Pump
r
—50
200
105
117%
2,800
Xl05
Apr
par
No
6
72
par
___„5
Pipe
9
~
No par
Pictures
&
1,100
'114
24%
Fdy
21%
105
103%
Bros
Warren
Warren
27/4
115
'117
Warner
110% Apr
61% Mar 27
par
:
37
27%
No
B
.preferred
21%
105
24%
W
&
preferred
3,300
35,300
17%
'27
115.
103%
G
27%
105
117
Class
$7
100-
22%
US
24%
1,900'
4% preferred
Walker tHlramj
'21%
.
105
103%
50
'27
22%
114%
117
2
Walworth Co
14%
9%
106% Jan
100
18%
38
Dec
31%
8
40,900
37%
26%
14y4
Apr
7
May
10%
10%
2%
*108
11 %
'10%
2%
14%
9%
Jan
26 %
76% Mar
10%
10%
10%
17%
38
Dec
10%
35
2
10%
11%
2/2
37%
26%
68
16% Mar 10
24
Jan
10%
11 /a
'10%
'
14%
9%
Jan
10
30% Jan
Dlv redeem
18%
26%
40
13% Jan
par
500
37
38
66
par
No
19%
17%
22%
100
No
67%
14 %
22%
preferred
19%
36 Va
27%
*
4%%
66%
14%
22%
Waldorf System—
Walgreen Co
19%
36%
27
1,600
63
110%
14%
'26%
1,000
'61%
'108
36%
1
15%
34%
RR
'19/8
2%
65
Wabash
19/4
'19
10%
2%
'64%
.700
34%
.
-
69
•
69
11%
'10%
11
69
67%
2%
65%
10%
23/a
15/a
34%
110
19/4
10%
10 %
'10
68/2
'108%
70
'69
19%
'19
110%
'67
5
Feb
Apr
'2
123
90
Oct t
Apr 16
99% Feb 27
13- Jan 22
69% Jun
91%
Dec
75% May
9
9
58
Apr
74 %
Nov
19
13
Dec
14
Deo
-16% Feb
49
Jan
84
Nov
t
■
Y
►
39%
•
40
39%
40%
40%
41%
41%
42
17%
17%
17%
18
17%
18%
17
17%
16%
17%
17%
17%
15,100
24%
...
24%
241/4
24%
23%
24%
23%
24
22%
47%
22%
22%
2,900
48%
47%
22%
48%
106%
23%
106%
106%
106%
24%
24%
23%
24
40%
39%
39%
39%
39%
9%
8%
9%
8%
50%
49
49%
106%
106%
106%
*106
106%
24%
24%
25'A
49%
*106
49
50
24%
24%
48 %-t
105%
24%
49
106 %
24
10,900
32% Jan 24
42
York Corp———....I
13% Jan
13
18% May
Young Spring ft Wire
No
Youngstown Sheet ft Tube—No
par
19% Jan
17
25
par
39% Jan
22
51% May
100
105% Jan
19
5%%
-230
9,900
Mfg. Co
29
preferred series A
Youngstown Steel Door
No
Zenith Radio Corp
Zonite Products Corp
No par
]
20
par
May
Feb
25% May
36% July
8
9%
Apr
15% July
14%
Jan
3
33%
Apr
20% July
42% July
96
Jan
106% NOV
13
Jan
Mar 21
110
Mar 26
27% Mar
9
19
7
20%
Dec
I
'it
41%
-
41%
41%
9%
9%
9y8
•Bid
and
asked
40%
41%
"
9%
prices;
no
sales
40%
40%
9%
9
on
9
this day.
tin receivership.-a Deferred delivery,
Transactions al the New York Stock
f,
Stocks,
of
11,1945
Saturday
Monday.
United States
Foreign
Bonds
Total
Government
Bond
Bonds
$9,782,000
•
$5,000
14,723,000
360,000
292,000
16,000
11,504,400
r
Saturday
■
335,000
15,097,000
354,000
T'4,000
$69,000
\
$74,194,300
■
,
Week Ended
!
194,5
1944
8,530,147
'
I
429,040
•;;
141,315,222
3,548,290
;
Foreign
Railroad & Industrial
Total
Total
$397,000
:
'
$59,000
$1,000
$457,000
347,000
313,000
4,000
664,000
81,000
9,000
615.000
45,000
6,000
599,000
325,000
6,000
1,000
332,000
318,000
28,000
8,000
354,000
2,100,820
$2,460,000
$532,000
$29,000
$3,021,000
373,295
'
Total
;
525,000
548,000
372,800
;
;
-
-
Week Ended May 11
.
Stocks—No. of shares
*
83,017,484
Bonds
U. S. Government
Foreign
Corporate
357,510
—.1..,———
'f
1944
—
Bonds
$69,000
$74,000
$2,449,050
1,704,000
44,608,200
40,733,000
72,001,300
38,096,600
1,070,525,800
■I
$2,345,700
2,124,000
Value)
Foreign
293,760
...
Jan. 1 to May 11
May 11
1945
Stocks—No. of shares
yEx-rlghts.
Government
*Domestic
274,415
—
Tuesday—
Wednesday
Thurscday
Friday
■
1(5,710,000
$2,124,000
10,342,000
44% July
6% July
Jan
*
'
•r
12,338,900
'V
-
Shares)
Monday
11,839,400
0/
.
Week Ended May 11,1945
14,117,000
14,000
12,030,900
i
$10,092,000
20,000
478,000
1,491,460
$72,001,300
3%
Bonds (Par
t
Sales
Bonds
$305,000
13,619,000
1,066,747
x-Ex-divldends.
33% Jan
.Stocks
..
8,530,147
Total.
wdWhen distributed.
.
15
25
*
1,577,900
—
Special sales.
Feb
9% Apr
2
Transactions at the New York Curb Exchange
Exchange
1,509,330
.
s
5% Jan
Daily, Weekly and Yearly
Railroad
and Miscel.
Shares
.1,951,070
Wednesday
Thursday
rCash ml*,
42
36% Mar 26
-
933,640
Tuesday.
n New Stock.
Weekly and Yearly
Number
Week Ended May
1,800
17,700
9
1,178,827,500
——-
1944
1945
....
-
Domestic
909,500
2,100,820
Jan. 1 to May 11
1945
1944
21,871,527
42,422,860
/.;
'■
•
s
'•!
$71.556,0OO
$2,460,000
$61,033,000
170,000
20,989,000
29,000
32,000
497,000
376,dOO
$3,021,000
Foreign government
Foreign corporate
$3,385,000
532,000
_
$3,587,000
$82,519,000
$75,424,000
*'
$74,194,300
Stock And Bond
Below
listed
on
1
Total
$39,874,600 $1,117,583,050 $1,221,906,200
Averages
-Stocksi
30
Indus
'Date-
May
May
5
7
-
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
^
are
20
Rail
c
-Bonds"
.
*
\
.
I Tota)
lie
Otil)
♦
65 V
Indue
'
trial?
roads
166.71
56.76
166.53
56.31
tie?
30.88
May
8
166.42
56.42
30 85
May
9
165.24
55.51
May 10
163.09
54.70
30.45
May 11
163.12
55.18
30.48
Grads
Rails
115.66
106.74
10
Second
Grads
Dtlll
Ralls
98.15
..10
ties,
'
108.88
-
Total
40
Bonds
107.36
115.60
98.07
108.95
107.34
;6*>40
106 82;
115.64
98.04
108.79
107.32
61.83
106.82;
115.49
97.88
108.84
106.73
115.44
97.38
108.85
106.68
115.36..
97.69
108.90
i 62.40
30.73
.
-
trial?:
106.75;
Stocks
( 62.58
30.92
t
-
10
First
10
f
.
61.03
61.20
'
,
107.26
107.10
,...107.16.
ib
■■
1
THE COMMERCIAL &
2128
Bond Record
New York Stock Exchange
«»
/
FRIDAY
WEEKLY
-
The italic letters in the
Period" Indicate In each case the
column headed "Interest
Interest
.
S.
U.
1947-1981
1946-1958
1946-1949
3%s
Treasury 3'As
1949-1952
1946-1948
1951-1959
1955-1960
1945-1947
1948-1951
-—.1951-1954
1956-1959
1958-1963
1960-1963
1943
1948
—1949-1953
'<it8£>——
3s
Treasury 3s
Treasury
,
2%S
2 Vis
2%s
2%s__
2%s
_
_
2%s
2%8
2'As
2%s
2'As
2 V2S
2'A 8
2 Vis
2Vis —
2'/2s
2Vis__——--June
2'As
Dec.
2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2Vis
Treasury 2 Vis
Treasury 2 Vis
M-S
.
J-D
M-S
M-S
M-S
J-D
J-j
J-D
M-S
J-D
M-S
J-D
j-j
M-S
j-d
M-S
M-S
M-S
__
__
102.28
111.27
"100.25
100.27
"105.24
105.26
*110.3
110.4
No.
__
18
No.
19
66
3%s
1945-1947
M
series
101.17
3%s
3%s
3%s
York
105.28
2
107.7
23-
65
66%
32
51%
66'A
24—.—_____
51'A
64'A
21
51%
67
—
65%
Series
No.
No.
No.
27
Series
No.
28
1957
t 5s
s
101.20
a 6s
Buenos Aires
F-A
J-D
__
.—1981
M-S
M-S
F-A
f 4'A-4%s
100.29
101
13
100.10
102.2
100.29
101.2
5
100.18
102.3
External
5
100.30
103.23
3%
107.19
107.26
Canada
s
108.24
external
95'A
101'A
"102.30
103.1
101.29
101.29
103.2
103.2
103.2
102.10
100.25
91%
92'/a
114
80'A
92 '/8
91 '/a
91%
3
80%
91'A
1984
J-J
4M.—.
30-yr 4s
1960
A-O
1961
1967
1968
J-J
921/4
96
--
63
75
—
.
64
109% 111%
48
106'A
108%
10
102%
106'A
102%
106 »A
*1021/4 102%
102
102%
105'A
104
105%
104
J-J
1958
__
105'A
*105
105'% 105'A
J-J
1954
105%
105
*104 y« 106
J-J
103
92'/4
83
12
105%
1953
15
80%
2
110% my*
M-N
1948
Jan
1
95%
"66'/a
——.
J-J
15
(City) 8s
92 */4
95'A
107% 108%
15
3s
103
92'/a
91%
f $ bonds
s
Jan
103.2
103.2
95
103'A
J-J
*61
—
*—
2
.
47
36
—
103
"102.31
95
■
Jan
ACarlsbad
4
95
95'A
2'A s
104l24 10~4l24
102.30
101
A-O
3s
103.28
103.28
102.10
3
4
95
M-N
3'As
3s
3s
30-year
■
1975
(Dom of)
30-year
103.3
100.27
ii
101'A
103 »/4 103 %
.
1976
1976
f 4%-4%s
s
25-year
104.16
104.16
97'A
95
.1977
stamped
Refunding s f 4'A-4'As
External readj 4%-4%s
"102.28
6
66
100% 100'A
1958
External
"104.14
66
101% 101'A
■
M-S
1950
101.25
„
53
(Province of)—
102.4
103.21
2
66
100.15
"102.8
66
66
29
30—_—__—
100.17
"103.19
52%
No.
100.18
__
1
No.
5
103.5
66
Series
6
"103.3
66'A
51%
Series
101.5
"108.22
65%
51%
1
3%s
101
"104.14
52
11
66
3%s
20
103.23
12
66'A
107.15
102.9
107.18
65%
66'/a
66
(City)
:
66
101.3
103.23
67
66
.65%
__
—
ii'
100.28
101.15
"107.16
__
65
26
Series
101
100.29
*65%
25—
Series
3%s
Sinking fund gold 5s
Sinking fund gold 6s_.
102.9
"103
"103.2
103.4
J-D
"103.3
J-D
j-D
J-D
103.5
103.5
AChile
A 6s
"101.22
"100.2
assented
A
119
26
118% 119Vi
1961
1961
1961
M-S
1962
A-O
A-O
1963
M-N
1963
M-N
1957
J-D
112%
122
1957
J-D
1961
J-D
1961
J-D
1961
6s assented
sinking fund 6s
assented
AChile Mortgage Bank 6'As
A6'As assented..—
ASinking
fund
6%s
A6%s assented
AGuaranteed sink
fund
6s
14
26
— —
18%
—
—
——
19%
18%
18'/4
17%
6
18
*18
19'/4
18
— —
—
19%
17%
42
18%
17%
17%
— —
18%
17%
—
18'A
18%
19
18%
19
18%
18'A
19
——.
19'A
17%
•
19 %
18'A
2
18%
18%
18%
19%
17%
A-O
Sep
Sep
19
19 %
18'A
M-S
sinking fund 6s
19%
17%
7
18%
18%
J-J
assented
19'A
18 %
__
J-J
1961
sinking fund 6s
A6s
F-A
Jan
assented
AExternal
1961
19%
17%
9
18%
18%
18%
F-A
1962
101.23
101.9
100.4
1961
_.Jan
A Extl
A6s
101.24
J-D
6s
8
20
19%
17%
18'/2
18%
18%
0
A-O
Feb
Feb
fund
Any external s I bs
106.28
J-D
1960
sinking
103.3
100.13
103.3
103.3
"106.26
'
A-O
assented
A6s
103.5
M-N
sinking fund 6s
18%
*17
M-N
_1980
t 7s
b
A7s assented—.
A Extl
100.17
—1942
—1942
External
(Rep)
AExternal
103.5
j-d
51%
3%s
A6s
1980
5
3%s
City
Corporate Stock
22
66
114.19
108.4
66'A
66%
66
112.23
Brisbane
64'A
52
66'/4
113.7
_7
10714
66
51%
__
21
No.
Series
113.2
'
51%
3
112.21
106.5
100.30
' '
—
65'A
1
No.
Series
Transit Unification Issue—
3%
—
—
66
51%
No.
Series
110.15
20-
*65'A
66%
59
5
•
51'A
5
No.
Series
106.11'
3%s
AExternal
New
No.
Series
114.3
106.31
101.3
66
No.
Series
112.10
v
2
•'
101.13
65%
Series
110.14
101.10
"102.7
10
66
3'.is
103t9
111.27
106.6
__
114.19
"108.2
66%
66%
65%
3 Vis
113.4
113.18
114.19
"106.3
51 %
*
"113.16
"106.29
iii
17iiiiii
High
10
66
No.
Series
101.1
__
"113.2
__
Series
112.27
__
107.7
3%s
3%s
111.4
__
"105.26
103.27
Low
661/4
NO.
—
No.
103.20
103~19
__
107.7
Series
Sold
65
(Continued)
bonds
$
3%s
103.20
„
113.26
"101.8
External
Range Since
January 1
Bonds
Friday's
65%
(Continued)
Brazil
103.25
k-
"113.24
__
or
Bid & Asked
LOW
High
3Vis
110.5
"111.25
Sale Price
■*
Loan Corp—
Home Owners'
1 Vis
M-S
M-S
J-D
M-S
J-D
J-D
J-D
M-S
j-D
102.28
102.31
"110.3
M-S
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Last
Period
109.24
109.8
__
"102.26
High
Low
No.
"102.29
M-S
j-D
3-D
j-d
1950-1952
1967-1972
1951-1953
Treasury 2Vis
—-—
1952-1955
Treasury 2 Vis
————1954-1956
Treasury 2 Vis
—1956-1959
Treasury 2s
1947
Treasury 2s
—
Mar 1948-1950
Treasury 2s
—————Dec 1948-1950
Treasury 2s——
———Jun 1949-1951
Treasury 2s—
—
Sep 1949-1951
Treasury 2s
Dec 1949-1951
Treasury 2s
March 1950-1952
Treasury 2s—Sept 1950-1952
Treasury 2s
1951-1953
Treasury 2s
1951-1953
Treasury 2s
June 15 1952-1954
Treasury 2s
-—Dec 15 1952-1954
Treasury 2s
1953-1953
Treasury l3/is
June 15 1948
-
Low
109
Interest
Stock Exchange
January 1
Sold
Week's Range
Friday
BONDS
York
New
Range Since
Bonds
Bid & Asked
"108.30
A-O
1952-1954
1956-1958
1962-1967
1963-1968
1964-1969
1964-1969
1965-1970
.—1966-1971
Treasury
Friday's
High
Treasury
t£Cfu>u*y
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or
Government
4148
Treasury
Last
Period
Exchange
II
FOR WEEK ENDING MAY
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FINANCIAL CHRONICLE
18'A
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——
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18
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:
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Foreign Securities
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1968
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1943
70
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f 7s series B
1943
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1945
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1943
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38
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s
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1953
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1949
external
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1977
1945
37%
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gold
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1942
1957
30
33
f 7s 2d series
1957
a-0
31
31
1
30
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s
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a-o
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30
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s
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s
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53
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18
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.1978
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(Int reduced to 3.375%)—
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71'A
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-1957
f 6'As of 1926
.1979
71%
*64
70
71'A
1
Greek
107%
62'/4
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69
69%
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62%
62%
.1952
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*71%
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.1978
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*64
70
21
63
.1979
unstamped
A 7s
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102
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V
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s
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.
71 %
53
65
57%
71
part
part
52
paid
paid
37
,
108
109'A
105 %
108'A
1101
__
—
111
154
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98
81%
99
96
96'A
72
98%
i
96
99
31
921/4
92'A
95%
44
*100%
——
80
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52
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77
100 3/a
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102
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—
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.
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.
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to
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5.
99
1943
.
1942,
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Series
No.
1
3%s
Series
No.
2
3Vis
Series
No.
3_
mm
'■
mm
mmmm
102
12%
30%
1
94
14'A
10%
64
63'A
52
66'A
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66
66'A
66'/4
67
17
52
67'A
67
52
66'A
18
52
66'A
65%
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11
52
67
60
72
53
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—
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—
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'
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"67
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y,
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__
I2IIIIIIIZ!
SVis
Sereis
No.
13
3 Vis
Series
No.
14.
page 2132.
FIRM TRADING MARKETS
*
65'A
For footnotes see
SECURITIES
67'A
3Vis
3Vis
For Financial Institutions
67
65'A
65'/4
66'A
66%
3
52'A
66'A
4
51%
66'A
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64%
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66 7A
C£SLMARES & C2J2S1
FOREIGN SECURITIES SPECIALISTS
50 Broad St.. New York 4, N. Y.
66%
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*—
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67
66%
13
Telephone HAnover 2-0050
23%
27
34'A
100'/2
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agree
FOREIGN
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100
86
1944 (Plan B)—
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98
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—'
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70
54
60
108
82%
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—
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—
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s
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,
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94
70
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A
42
72%
72
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1949
1949
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(Rep of)
96
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1945
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42
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1967
French Republic 7s stamped
98%
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'
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43
5
1969
(Republic of)
58
46
98
_1969
102%
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——
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--
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-1979
.
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101%
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100
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-1959
.1941
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101
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.1958
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s
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;
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t
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101
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102
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of
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external 6'As.
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,
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100%
101
1972
f extl eonv loan 4s Feb
Australia
86%
101
1971
f
8
conv
23
M-N
1972
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loan
S
conv
97% 101
1948
f external 4'As
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41'A
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■
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77
77
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1952
.
41
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89%
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—
—
94
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—-
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1953
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—
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33
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37
58
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38
34
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69
__
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—
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77
57
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70
62%
92
36%
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*76%
58
1946
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AAntloquia
1
1947
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70
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33
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(Colombia)—
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f $
s
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1947
J-J
16%
33
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sink fund 6s
A-O
1961
~2
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—
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Cuba
Foreign
1961
1970
1927
A Costa
AGtd
Oct
1928
of
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J-D
Jan
18
17%
M-S
1931
(Republic of)—
A 6s
120
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i960
Colombia
A 6s
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T960
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3s
REctor 2-2300
7s
assented
AChinese
Teletype N. Y. 1-971
10%
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4385
161
NEW
:',v
BONDS
.
Week's Range
Interest
Last
Period
Sale Price
Bid & Asked
Sold
January 1
Low
Stock
Friday
YORK BOND RECORD
RANGE FOR WEEK ENDING MAY 11
V
'New York
No.
Low
High
18%
18%
16
17%
10%
13
-
Exchange
2129
or
Bonds
Friday's
High, '
Range Since
Mexico—(Continued)—
AMexicu
A
(US)
5s,
extl
lb99 £
ox
1943
Assenting 5s of 1899
AAssented
to
1943
Nov.
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1942,
A
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to
1954
Nov.
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1942,
1942,
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to
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1933
assent
1942,
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11%
—
15
10%
J~-3
"I"
..
*11
agree
1945
Nov.
to
11%
37
7-3
15
*22 Vi
9
195B
MS
46%
1
46%
1959
37
M-S
*45%
50
reduced
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South
4s
sink
1959
_
f
8
1957
(City;
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4Vis
fund
Ext
f 5s
s
exti
x
s
1970
1953
3 Vis
ext
APernambuco
(State
1994
BOND8
New York Stock Exchange
97
9
98%
11
98%
-.'Tim
1
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'
'
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—;
92
95
98%
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■
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45
--
105%
3
38%
47
105%
47
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reduced
2.125% )
to
2008
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external 7s
loan extl s f 6s 1st
A Nat
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1959
M-S
38%
M-S
22%
22%
..I960
J-D
22%
ser
1961
A-0
21%
6s__
1940
A-0
ser
24%
23%
141
23%
21%
89
40%
19%
30
1995
1995
1955
f 6s
s
of)
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A-0
A-O
gold 8s
..1950
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4
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18%
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1946
4s
gold 4s of
of
1905
Atl Knox ft Nor
s
1910
1st"gold 5s__
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&
Air
1st mortgage 3%s
Atlantic Coast 1st cons
General
unified
Line
Atlantic
mortgage
35
J-D
25%
M-S
J-D
1948
J-J
47
46"%
.1948
J-J
40
40
4s
Refining deb 3s
1953
pursuant
Baltimore
ft
Ohio
(Int reduced
AExterna)
24
32
25%
36
35
1
28
39
14%
1
44%
mtge
Oct
28
49%
1st
49%
1
(int
Dec
1946)
1
de
Janeiro
2006
7ViS—1952
Grande do Sul
Stamped
(Int
A6s
A 7s
A 7s
37%
8
35%
53
1
45%
A
1999
1968
45
.
J-D
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f'e
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*__
36%
43
40
35
38
48%
39%
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J-D
*46%
36
39%
„
*—
40%
97
1964
M-S
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1952
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36
*46
,
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1936
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443/0
--
90%
85
235
75%
90
.2000
77%
75
79%
352
66%
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773/4
75
79%
149
66%
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683/4
66 <;
70'A
726
55
1951
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99%
98% 100%
1950
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98
1959
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S
,/.-357.
711/4
94%
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due...
99%
308
993/8 100'A
79
91
13
86%
7
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*1023/8
Beneficial
J-D
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stamped
........
—
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—1950
debentures.
1956
Bethlehem Steel
86%
99%
101
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18
Consol mtge 3%s series F
1959
mtge 3s series G
Consol mtge 3%s series H
Boston
& Maine
5s
1960
.
1965
1st 5s A C
129%
II
series
37%
40
45%
53
mtge 4%s
July 1970
54%
43%
43%
45%
~2
54%
54%
dollar loan
1968
Stamped pursuant to Plan A
(Int reduced to 2%)——2012
J-J
*46%
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42
—
48
40%
46
30
*43%
--
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105%
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107%
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1
104
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—w
105%
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73%
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104
73%
106%
98
77
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—
103%
109
107
1063/4 107
1969
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106%
1981
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Niag Elec 3%s series C...1967
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*
106%
99%
103
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&
4
109%
77
108%
106%
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80%
107
__
..1969
Buffalo Gen Elec 4%s B
70%
63%
1
*106%
'•
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.
246
116
:
107% 107%
ivv"
—
21
74
74
M-N
—
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•101%
'
F-A
1950
f debentures
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106%
'
*106% 107%
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1966
,
3%S—
40
45%
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"i
45%
37
Stamped
modified
J-J
1978
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§ Alst
A
45%
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36
83
—
40%
66 %
14
83
87
(interest
109
ft
101ft
110
ft
106%
108%
1063/8 106 3/8
29
105%
107%
■111% 111%
-
13
1
109%
111%
209
73%
85%
466,
31%
.
109
at
.1957
coll
&
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of
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81
80%
83
A-O
48
47
50
473/4
5s
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.1934
3% to May 1, 1947) due
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1940
7s
104
2
Buffalo Rochester & Pgh Ry—
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.2004
32
•
A-O
1955
cons gold Ss.1945
8s series A
1947
mtge s f
s
107%
104% 104%
; r-r*".'
M-N
1961
1st 4s
M 3%s
cons
F-A
M-S
1960
A
ser
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1st Hen ft ref
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102%
106%
5
'
Eklyn Union El 1st gold 5s._i
1
101%
106% 106%
106%
F-A
1955
«.
—
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131%
101%
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106'A 106%
J-J
1967
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.
102%
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*1013/a 102
7^
—
98
102%
„
129 3/8 130
129 3A
A-O
97%
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45%
37%
*46%
to Plan A
reduced to 3.5%)-
83
80%
.
M-S
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3
—
J-J
f
83%
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41
40
*54
—
J-J
s
66%
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96%
47%
45%
40
...
J-J
1999
SASecured
392
97%
4s
(Int reduced to 2.5%)
\
99%
80
1996
41
external
^—
—1950
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
A7s extl water loan——-——1956
:
J-D
Bklyn Union Gas 1st
2012
.....
A8s
extl
162
76%
97
39%
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A6s
102% 104
78
96
-40%
42%
2001
1957
(Int reduced to 2.25%)
103%
96
ref
tABoston & N Y
t
8s
46%
.Feb 1 1960
1947)
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Stamped pursuant to Plan A
(Int. reduced to 2%)
|ASan
104%
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J-D
to
due—
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secured s
exti
103%
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48%
50
48%
2004
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(Int reduced to 2.375%)
A6%s
98%
103%
J-J
A
1967
sins
(City)
121
50
105
B
.
*43
M-N
loan
external
Paulo
103%
...
1966
to
5
(int at 1% to
1st M
2%s
1926
reduced
1033/4 1033/4
"""
1951
Stamped pursuant to Plan A
(Int
39%
1951
A
to Plan
2.25%)
22
53
of
to
40%
1993
due
1
Con
39
53
J-D
pursuant
44
Beech Creek Extension 1st 3%s
1951
Bell Telephone of Pa 5s series C—.1960
37
A-0
2012
reduced
30
1995
gold 4s extended to
Jan
to
4s
Plan
1091/4
48 %
to
Toledo Cin Dlv ref 4s A
37
F-A
2% )—
loan
municipal
3
2012
to
109%
96%
(int at 1%%
1946)
due
Ref
50
41
45
107%
104%
Bangor & Aroostook RR—
to
reduced
(Int
42%
1946
pursuant to
Stamped
3
43
45
104%
64
87
Pgh L E&WVa System—
104%
A
Plan
to 2.5% )
reduced
external
101%
50
24
107% 108%
106'A 108 3/a
A-O
July 1948
(int at 1%
S'west Div
external sink funa gold
(Int
25
(State of)—
pursuant
Stafnped
A Conv
93
50
104% 105%
108
to
due_.__._.
Sep 1 1946)
103% 104
A-0
extl loan of 1921
A8s
103%
F-A
to Plan
(Int reduced to 2% )
Rio
*65
A-O
2001
pursuant
Stamped
1
4%
Sep 1 1946) due—
Ref ft gen ser F (int at 1%
48%
37%
M-N
——1953
6Vis
sec
41
"
F-A
1948
8s
Stamped pursuant to Plan A
(Int reduced to 2.375 % )
AExternal
J-J
1947
<City of>
48%
A
2.25% )
Dec
at
due
1946)
Ref & gen ser D
48%
110%
.
106%
.
M-S
jniy 1848
gold
Ref & gen ser A
...
1966
Plan
to
APrague (City of Greater;
Queensland (State) extl 6s
ARio
—2001
to 2.375%)
110
Stamped modified bonds—
27%
to
loan 7Vis
Stamped pursuant
(Int reduced to
111
111%
RR—
16
Plan A
to
105%
.
>
A-'
Ref ft gen ser C
Stamped
123
110%
-i"
*110
M-N
14%
26
27%
—
123
117
111% 111%
1964
243/a
49%
■
J-J
.1961
8s_.
~5
110%
4s____July 1952
32
27%
133%
115%
__
122% 123
*111
A
4Vis
Atlantic & Danville Ry 1st 4s
Second
*122%
1963
1st mtge gold 4s
7.1m'
27%
High
129%
51
Ry—
1
9
*25
January 1
Low
J-D
Conv
Nov
243/B
18%
•
Range Since
Sold
No.
High
25%
25%
'
*32%
-»L.
•
J-J
.1963
Alegre (City of)
21%
*25
A-O
1947
,...1968
—
External sink fund
a
1958
f 7s
s
# a4Vis assented
A
2d
gold
assented_____
A4 VstS
A
extl
(Rep
Bonds
Friday's
132% 132%
J-D
...I960
132%
J-D
■
§APoland
or
Bid & Asked
M-N
1955
Conv
Stamped pursuant to Plan A
(Int
gold
A-O
4s
Atlanta
98%
—
*105%
•••'''
;
199a
Conv
90
88%
4
98%
4s
Adjustment
100%
96
6
Week's Range
Last
Sale Price
Stamped 4s
gold 4s of 1909.
100%
101
*92
■
York
Teletype—NY 1-310
Topeka & Santa Fe—
General
103%
100%
88
98
M-S
1947
7s
•
Friday
Interest
Period
103
15
100 Vs
*94
.
:j-DA;v
1967
97 Ys
•88
.'7,2* *"
New
Bell
120
19
99% 100%
M-N
.
5
102%
100
M-N
to
of)
100 % 101
A-0
1963
ref 3%s series B
101% 102 %
100%
J-D
A_i9b3
ser
oo
102
F-A
a
Exchange
—
•
100
A-O
Slock
Low
101%
MS
1963
sink fund 4Vis
mod
sec
118
—
—
102
A-0
1956
AStamped assented 5s
Stamp
~
*105
F-A
1965
4V4&
extl loan
(Rep;
M-N
1958
5s
fund
*115
37
Atchison
f 5s
sink
J-D
York
Telephone—DIgby 4-4933
45
37
49
New
Broadway
37
(State;—
Municipal Bank extl
Oslo
1952
(Kingdom of)
External
0
2008
2.125% )
7s
A
s
External
Norway
to
(City)
Wales
External
Member)
46%
38%
.£7
Stamped pursuant to Plan A
New
22%
38%
2008
ASec external s f 6%s
series
PFLUGFELDER, BAMPT0N & RUST
15
22%
*19
61
f 6Y2»
s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
A 6s
17%
12%
—
—
Reorganization Securities
11%
16
15
(State;—
ASec external
(Int
9%
*16%
agree
Railroad
__
*16%
J-D
agree
5,
AAssenting 4s of 1910
Assented
*20
agree
AAssenting 4s of 1904
A
Q-J
Q-J
473A
deposit
5s
4s^
1952
A-O
103
J03
97
10
■
97 5/a
1955
J-J
1960
A-O
*95
—1968
A-0
M-N
1962
A-O
101%
86%
5
108% 108%
1974
31
2
103
.
50
47%
103%
97%
'
Bush Term
Bldgs 5s gtd
■
101%
97%
104
Stamped pursuant
(Int
Serbs Croats
A 7s
series
a4
M-N
extl
1962
M-N
1958
of)
extl
7s
AExternal
sink fund
External
J-D
($
103
F-A
.I960
M-N
1964
6s—
bonds
of
79%
29
12
27%
23%
11
12
27%
Calif Oregon Power 3V'8S
22
32
Canada
26%
Canadian
—
*31%
25
F-A
1946
AExternal sink fund 6s
33As-4-4% %
22
1955
M-N
.—..1958
s f 5Vis
(Republic) extl 8s
(City)
64
23%
22
m-7'
sec
82
22
22
J-D
B
(Prov
Uruguay
*75
—
—1962
Vis assented
Sydney
A
(Kingdom;
external
secured
A Silesia
Slovenes
&
A8s
25
5
26
103
103
•
,*100
+.7
•
*100
17%
1
*100
•
7~
100
——
*
—
105
•
m,**-
—
.....1979
readjustment
--
M-N
86
84%
F-A
25
25
5
—..1958
F-A
17%
19
43
A4Vis assented....—
Railroad
and
Industrial
'J*
*87%
——■'
*77%
—
J-J
..r
•
—
,
90
series
J-D
1948
M-S
1947
J-D
Express coll tr gold 4s
10-year deb 4%s stamped
Great
Alabama
Power
Southern
1st
mtge
1946
with
M-N
3Vis____1972
J- J
1948
assented—
warrants
F-A
3%s_...l967
Albany Perfor Wrap Pap 6s
6s
106
M-S
103%
trust
$}ACaroHna Central
Certificates
Carolina
13
19
1st
A-O
1948
A-O
Alleghany & West 1st gtd 4s
17
" 108
*105%
-
„
10734
1949
■
100
&
Amer I
G
Chem
F- A
Amer
3s
Am
Tobacco
Co
1945
1st
mtge
cum
3'As series
income
(Subordinated)
For
footnotes
see
22%
493
14%
22%
19%
23%
1,847
13%
23%
79%
f. 25
63%
79%
Illinois
I960
A-O
JACent
New
1961
J-J
100%
1987
J-J
48%
46%
50%
47%
45%
49%
663
36%
44
43%
46%
228
J345A
461%
35%
423/4
15
103%
106%
108% 108%
30
1073/a
109
102% 103%
100
96%
110% 110%
5
108 7/a
...
Light 3%s
Eng 1st gtd 4s
10
89%
94
102%
99
A 5s
registered
103%
AGeneral
1043/4
A4s
.1987
registered
—.—
Central
Pacific 1st ref gtd gold 4s_1949
107% 108%
63
107%
109%
108% 108 %
10
108
109%
123%
123% 124%
116
124%
1st &
A-O
103%
103% 104
26
101 Vi
104 %
A-O
103%
103% 104
160
100%
104
1975
M-N
111%
111
112
13
110%
115%
87
87
4
Power 3s
Guaranteed
289
71
Q-J
101% 101%
4
94
MS
105
5
105
87%
gold
ref series
(4 % %
—il974
5s
to Aug 1
102
Ref
105%
Ref &
ft
gold
106% 106%
11
'104%
107%
1949)
1974
M-N
104
103% 104%
120
102%
104%
103
F-A
-
M-N
1992
4%S_
v
443
43%
41%
IO91/4
96
38
.
101
50%
49%
104%
M-N
1998
1989
J- J
1989
-
'
-
gold 4s—
JACLlcago ft Alton RR ref 3s
..1949
A-O
2
85
111
89
9
24
105
1061/2
6
104
107%
103
103
105
J-J
cons
gold 4s
89
105% 105%
F-A
R ft A
89
145% 145%
M-S
1996
89
J- J
1st
59
'
F-A
F-A
29%
106%
•
*;
105% 105%
A-O
1940
Div
100 % 101
if
—I960
impt mtge 3%s D
lmpt M 3%s series E
consol
45
41%
>108% 109 Vs
•
J-J
Potts Creek Br 1st 4s
M-S
40%
J-J
71%
A
fACentral RR ft Banking 5s stmp.1942
Chesapeake & Ohio Ry—
General
,78
1987
N
Y
20%
1.1987
4s
108%
105
100%
Central
J-D
series C
Central
Jan
73-C85'A
102
Div pur money gold 4s_.1951
AMobile Div 1st gold 5s
1940
2d
page 2132.
53%
20
A-O
108%
......1975
•603
J
102%
debs
due
86%
71%
.1959
A-O
1964
37
69%
A-O
1962
E
99% 100%
70
85%*
102 3%
Armour
4Vis
993/4
M-N
85%
100
——Nov
—J.1959
M-S
Ann Arbor 1st gold 4s
1995
Ark & Memphis Ry Bdge ft Term 5s 1964
& Co (111)—
F-A
*103% 104
■
5'/2s series B
gen
J-D
1967
J-D
100
102% 103
AAnglo-Chilean Nitrate deb
104%
J -J
1948
100
102%
series A
102%
1953
4s
'
1966
6s
106%
1945
Alst
1969
Wks & Elec
103
2
M-N
debentures
Wat
46
J-J
2
3
3s
87%
103% 103%
103%
1962
of Georgia Ry—
1956
deb
78
AChatt
143
.
110%
4
109
97%
debentures
114
87%
85%
87
107
101% 103 y2
debentures
conv
115%
108%
4
American
3s
107%
"5
ARef & gen 5s
102%
3%s
5
108 % 108'%
108%
104 %
M-S
3%s
105 %
106
103 %
A-0
Telephone & Telegraph Co.—
debentures—*
;
1961
103%
103
__.._1949
5Vis
conv
107%
96%
4
ARef &
1998
97%
106
33
1
mtge 5s
5 A Consol gold 5s
2030
Foreign Pow deb 5s
7
106
103 % 104
115% 115%
M-S
JACentral of N J gen gold 5s
Am
115
103%
.
100
106
•105%- 106
'
121%
120%
112%
104%
1013A 1013/4
*100%
96%
116%
115%
22
114% 115
J-J
1965
Ohio
Corp 3%s debs
tCentral
6
121%
*119% 120
104%
1
103
1073A 1073A
100
r
108
118
103
1
*1053/4 107%
^7
•»
103
.
121%
117%
104'%
^7
103% 103%
A-O
Albany & Susquehanna RR 3Vis—1946
107
116%
116%
116%
deposit
&
Gelotex Corp 3%s debs.
A Cent Branch U P 1st
gold
*140
107%
8
21
111%
gtd 4s
gtd gold 4s..—.1981
Cart ft Adir 1st
Clinch
117%
21
121
121
115
J-D
4s
of
72
25
.....
J-D
Coll trust 4s of 1907.
Alabama
F-A
Northern Ry
Ry 4%
Celanese
plain———....1953
AStamped
Adams
dnb 6%s
1946
deb stk perpetual.
4%s
1960
Pac
18%
Companies
1953
A
F-A
70
.
JAbitibi Power & Paper—
§ A 5s
J-J
A-O
87
F-A
external 7s
(City)
1955
1951
Collateral
107%
112
117%
117
1956
Can
108%
103%
1
120% 121
J-J
J-D
4%s
Canadian
115
*117% 117%
120%
J-J
1969
.Oct
gold
84
1978
A Warsaw
1957
...1970
5s
106%
106%
115
gold. 4%s
gold 4%s
88
•
gold 4%s__
gold
«
Guaranteed
86
1984
1958
'
" *
gtd 5s A
Guaranteed
75%
3 Vis extl readjustment
—
•
3%s
cons
Guaranteed gold 5s
>,;„74%
2" r '72
30
86%
1978
;
Power
National
Guaranteed
18%
86
*83%
84%
*
/
M-N
J-D
—
Elec
Soutnern
Guaranteed
1979
conversion
105
1937)—
3%-4 % -4 A extl con v
4.41/4-4Vis extl readjustment
External
103%
California
*103%
105
_.
—
140%
—
-1283A
•129%.—
'
126
*125
50%
48 %
50%
2,197^;
;
32
145%
130
126
50%
THE COMMERCIAL & FINANCIAL
2130
Monday, May 14, 1945
CHRONICLE
!7'*
■
NEW YORK
RANG^FOR
Last
Interest
Stock Exchaar*
New York
or
1958
1977
3%s
1974
Chicago & Eastern 111 RR— i
1
AGen mtge inc (conv) —
1997
Chicago & Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4 Vis
2038
General 4s
114
F-A
—1947
1960
1966
1950
series A—
A 1st & gen es series B
May
Chicago Ind Si Sou 50-year 4s
IChicago Milwaukee & St Paul—
& gen 5s
A 1st
67
paid__
132
75
Empire Gas & Fuel 3%s—
97%
98 Vi
j-j
73 Vi
73%
75%
52
"
65%
93
21
Gen mtge inc 4 % s
84
72
736
15%
22%
22%
126
16%
23%
*107%
J-J
'
23
92%
114
88
74
96
117%
117% 117%
41
162
j-j
115
114Vi 116
19
108 % 109 Vi
94%
93%
96%
1,838
69
A-O
25
24
26%
4,028
17%
26%
J-J
88%
88
80%
743
77%
F-A
83
83
68'/a
83%
98
100
99%
'
Francisco Sugar
1
A 4s
78'/a
416
'
1
.
80%
65
63
66%
1,967
47%
66 Vi
71
69%
72%
491
52%
72%
M-N
21%
j 20 %
23%
3,061
102
105%
99%
10
95
99%
3
91
98%
1951
J-D
*104%
1951
J-D
99%
13%
23%
J-D
97%
97%
J-D
97%
99
68
94%
99%
1960
M-S
92
93 %
84
83%
94%
83
92
92%
#
—1^63
1963
4s_„,—1952
J—1962
i—1943
IJAChilds Co deb 5s
5 A Debenture 5s
JAChoctaw Ok &
—1957
Gulf cons 5s——1952
1st
111
106%
9
105%
97
98
39
90%
A-O
97
97%
40
90%
98
M-N
69 Vi
A-O
97
*108% 110
*112%
RR—
Cleveland & Pittsburgh
Series C 3Vis gtdSeries D 3 Vis gtd
-1948
-——1950
Short Line 1st gtd 4 Vis——1981
Union Term gtd 5 Vis.
1972
1973
——1977
gtd
1st
s
f 5s series B
1st
s
f 4Vis series C
76
1945
gtd 4s
Ry.—
4Vis (stamped modified)—
1980
Columbia Gas & Elec deb 5s__——1952
Debenture 5s
——1961
1st extl gold 4s__1948
El 3Vis—.—1970
Columbus & Tol 1st extl 4s
1958
Commonwealth Edison Co—
Columbus & H V
Columbus Si Sou Ohio
deDs
Coav
-1958
3Va»—
3s series L
1977
Conn Ry & L 1st & ref 4'%s_
1951
Conn River Power s f 3%s A——1961
mtge
1st
3 Vis
»
3Vis
1948
debentures
debentures
103% 104%
19
106%
108%
112%
102
A Debenture
4s
A Debenture
__
J-J
93
91%
94%
J-J
88%
88%
89
423
83
94%
8
80
90
108%
1st
II
*107%
f-a
137%
121 Va
129
111% 112
112
37
110%
J-J
105%
105 Vi
105%
18
105
106'/#
J-J
106%
106 Va 106%
7
103%
107
111%
J-J
107 Vi 107 %
*•
106
109
2
106
111%
77%
2
74
17
——
—
1
107% 107%
77%
J-J
J-J
17%
296
13%
18%
7
102%
104%
101%
105%
Feb
17%
J-J
99 Va
28
102% 102 %
13
98
1952
1969
j-j
Hocking Valley Ry 1st 4%s
,—1999
IfARousatonic Ry cons gold 5s^__1937
Houston Oil 4Vis debs
1954
J-J
84
91
A-O
Gulf States Utll 3%» series D
i 5s series A;
1st s
1st
gold 5s—
98
98
102%
99%
104
98%
*98
*109% 110
m-n
108%
1st 5s A_:
144% 144%
——
M-N
1
98 %
14
98%
■
M-N
98%
109
J-D
1949
1957
139 %
144%
96
100
104
lOlgJ
„
82 %
82 %
1962
M-N
^Feb 1957
179
F-A
73
77%
A-O
38
37%
115%
64%
202
39%
85%
115 '/a
94
80
72%
4
85
115% 115%
30%
80
„
40%
mm
5
109%
111%
13
105%
108%
106
106%
59
104%
107%
Illinois
Bell Telep
a-o
105%
105% 105%
42
102J%
107
Illinois
Central RR—
108
108%
j-d
—
--
80
266
105
104% 105
18
104%
104% 105
8
—
m-n
M-N
J-J
77%
78
m-s
*114%
j-j
82%
__
—
103
105%
103%
106%
108 Va
109%
*109% 110%
f-a
110%
114
114
1981
J-J
40
116
79
105%
108%
♦»-
111%
112%
*112%
F-A
107
107 Vi
„
107
4
■'I;
1953
40-year 4%s1966
Cairo Bridge gold 4s
1950
Litchfield Div 1st gold 3s„_
-1951
Louisville Div & Term gold 3%s_1953
123%
107
107%
j-j
106% 107%
Omaha
1st gold
Div
102% 103 %
A-O
27
102%
103%
A-O
68
105%
22
57
69
68%
68 Vi
17
58%
68%
Joint
57
69
list. &
ref 4%s series C
ref mtge 4s
12
108% 108%
6
107%
108%
Ind 111
2
107%
108%
JAInd & Louisville
»110.%
109
110%
a-o
*102 Vi 103 %
102
103
103%
103
103
103
.
22
102%
57%
60
50
9
48%
50%
81%
1
81%
85 Vi
47
47
1
47
51%
*66
70
67
67
47%
52
71%
71%
47 Vi
50 Vi
m'J.
*58
49
j-d
49
'
.'81%
j-j
47
J-D
48%
48%
59%
49
28
j-b
♦66
47%
"l
a-o
102 % 102%
7
69%
— —
74
j-j
*104
,
j-d
106
m-n
108 %
107%
106
106%
*~
103%
107
110
95
90%
100
9
99
100%
95%
102 Vi
92
92 %
15
83%
92'%
92
92
6
82%
93'%
95
95 %
89
96
36.
*96
105
.
104% 105
104%
*103
3
99%
105
97
—
102
~T
1963
j-d
j-d
1963
j-d
•
96 %
209-
88%
90%
226
76%
91
85
86
4
73%
86
3
105'%
93%
94%
89 Vi
--
—1950
1st gold 4s
& Iowa
1st gtd 4s—1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series F—1961
^International Great Northern RR—
A 1st 88 series A—
—^-1952
A—July 1952
1950
A 1st gold 5s series C—
——1956
§AInternat Hydro EI deb 6s._——1944
Intcrnat Paper 5s series A & Bi—1947
A Adjustment ,6s series
A 1st
5s
series
B—
,
—
Ref sink fund 6s series A—
1955:
105%
j-j
j-J
105'/a 105%
——
82
82
——
m-s
81%
97
106%
82
106%
99
62%
84
28
49
107'%
j-j
80%
79%
83 %
a-o
45%
43%
49
j-J
76
75%
77%
50
58%
j-J
76
75%
77%
80%
53
58%
77%
74
74%
88
104% 104%
59
79
a-o
j-j
109 %
109
m-s
3
j-j
101 %
101
101%
96
f-a
103%
103% 104 %
1951
m-s
8
1959
j-d
1961
j-j
5%
8
%
104
107%
102
—
*102
m-n
873
78
105
111 Va
102 %
95%
102 %
152
99
104 %
268
5
8
108%
98
106%
2
1st 5s
1972
Int Telep & Teleg deb gold 4 %s—1952
Debentures 5s_„_
—1955
Int Rys Cent Amer
75
■
106% 106%
a-o
1
*111
JAIowa Cent Ry 1st Si ref 4s_
101
95
105%
3
95%
105
373
94%
22
92 %
F-A
90 %
84
101'/a
— —
j-j
84%
89
101
-
j-j
46
120
100% 100%
,
*
j-j
100%
106
m-n
j-d
——
97 Vi
88%
94 Vi
104'/a 104 %
*
F'-A
—1963
D
ser
107 % 107 Vi
108%
j-j
j-j
89%
65
105 Vi
86 %
104 %
j-d
75
43
93
87%
F-A
75
104
93
104%
M-N
95
94
95
j-j
97
96
100% 100%
103'%
'
— -
80
100 Vi
M-N
103
—
96
A-O
105%
104
—
— m,
M-N
:
and Chic St L & N O-
111 Cent
105 Vi 105 Vi
m-n
*100%
■
102%
103
•
'
__
*100%
—
mlm
m-s
1951
1st ref 5s series A
69
104%
—
A-O
.1——--i.—1——i_
Registered
69
7
*103%
J-J
1951
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
:
68%
M-N
m-n
1951
gold 3s
1951
—1951
3s—.'
Gold 3%s—
"103% 105'/a
39
104%
104
104
J-J
1951
1st gold 3%s
1951
Extended 1st gold 3%s—
.—1951
1st gold 3s sterling-1951
Collateral trust gold 4s
1952
Refunding 4s_.
1955
Purchased lines 3 %s1952
Collateral trust gbld 4s_—
_1953
2%s series A
gold 4s——
Refunding 5s
122% 123%
122%
f-a
100
74%
108
*107%
A-O
100
D
Lack & West RR Co—
Y, Lack & Western div
1st & ref M 5s ser C
.—1973
Income mtge due
——1993
Delaware Power & Light 3s
1973
IDenver <fe Rio Grande RR—
128 Vi
1
1969
Ship Island RR—
1st & ref Term M 5s stpd
106
111% 111 %
a-o
47%
1970
123
45
129
&
1st
Dayton P & L 1st mtge 3s
129
2015
mtge inc 5s series A_
ref 3%s series D_—
Gen
Gulf
a-o
a-o
69
Dayton Union Ry 3 Vis series B—1965
Delaware & Hudson 4s extended—1963
136% 137%
129
10
AAdj income 5s
68%
1955
137
119%
37
J-J
J-J
105% 105%
107
j-j
1940
122% 123
.
j-r
—--
106%
—
122%
Feb
debs
Hudson & Manhattan
107
m-n
68
1940
*101 %
J-J
105%
Co Gas
j-j
extended to
ADeposit receipts-———
A6s series B extended to
ADeposit receipts
Curtis Publishing Co 3s deb
„
J-J
107
series A
A7Vis
98
103
1975
Coal
105%
1952
J-D
98%
91%
j-b
1947
48%
89 Va
II
—
1959
Hudson
105%
Co 2Vis s t
1956
B__
3s
Corp
Hudson
103
debs
Crucible Steel 3 Vis s f debs
lACuba Northern Ry 1st 5Vis
ADeposit receipts
A Cuba RR 1st 5s gold
ADeposit receipts
Crane
*100'%
Gulf Mobile & Ohio 4s series B
105%
19
mtge 3 Vis—
1st
49
39%
*100%
j-j
102% 103
109%
35
1965
1970
1960
1969
1950
—1955
1942
105%
40
103
101%
21
mtge 3Vis
73
103 %
6
11
46%
A-O
108
105
mtge 3Vis
1st
1934-
1st gtd 5s
ctfs
A Debentures
25
106 % 107
mtge 3 Vis—
1st
A
46 %
j-j
-68
43
69%
68%
103 % 103 %
j-j
deposit——:.—
1952
General 5s series C
1973
General 4%s series D„
->—1976
General 4%s series E_
-1977
Gen mtge 3%s series 1—
196*7
Gen mtge 3%s ser K—
-I960
Gen mtge 3%s ser L_<
1970
Gen mtge 3%s ser M—
-1980
A Green Bay & West deb ctfs A
18
104% 105 %
Power Co—
Consumers
1948
-Oct 11945
5%s
General 5%s series B
105'%
105
1955
1950
104
j-d
M-S
112%
—
106%
—
73
103
103% 103%
—
75
57
Great Northern Ry Co—
108% 109 %
105
M-N
J-J
—
j-d
4s
55 %
H
*121%
J-D
4s—-1954
tAConsol Ry non-cony deb
101 Va
.
104%
J-J
Vis
99%
59
72
72
*50
1948
1st &
111%
—
of
Grays Point Term
109
1958
1951
1956
3 Vis debentures
Consolidated Oil conv deb 3
72
Zm
1969
St. Louis Div & Term
Consolidated Edison of New York—
128%
Corp—
Ala Ry 5s
&
Greyhound
107
.
—
—
Colorado & Southern
128 %
*101% 103
_f-
m-s
•"
M-N
J§AGa Caro & Nor 1st ext 6s__
Certificates of deposit—
Goodrich (B f) 1st 4%s
1st
Coal River Ry 1st
J-D
104%
120 Va
15
128 %
127
105%
117%
*127% 140
—'
—1974
,
97%
106%
*112
J-D
1977
1991
1990
,.,..1970
4Vis series E
Cin Wab Si M Div 1st 4s
gt L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
Ref & impt
3
107%
*106
f-a
It
J-J
—1959
deposit—
debs
Castings
t A Georgia
98
106% 105%
MS
f-a
——1993
General 5s series B
Oleve
105
108
J-D
General gold 4s
Cleve
107%
102%
28
1969
19 /4
Terminal-series E
mtge 2%s ser G—
Cin Chic & St Louis Ry—
Cleve
105%
23
F-A
Union
mtge gtd 3%s
1st
10
104%
110% 111
110%
J-J
106%
104
J-J
.1966
Vis
mtge 3Vis
1st
106
J-J
.1967
Cincinnati Gas & Elec 3
Cincinnati
92
—
of
& Utilities
inc
Certificates
95%
1951
Union Station—
1st mtge 3Vis series F
1st mtge 2%s ser G
Chic & West Indiana com
1st & ref 4 Vis series D
—-
coll trust 6s
Realty
conv
Steel
Gen
100
A-O
Chicago
104
103
29
104% 105
M-N
Gas & Elec of Berg Co cons 5s
General
MS
Certificates' of deposit
—1958
104%
M-N
96%
1960
A
F
>
;
deb—— —1961
ref 5s series A
&
ACertificates
94
.1960
*
IFlorida East-Coast 1st 4%s
a 1st
.1952
Orleai
'
*"
.
Fllntkote Co.3s debs"
*
"l934
gold 4Vi8
99
104%
J-
96% 119
114% 116
-
AConv
*106%
1A Florida Cent & Peninsular 5s_ —1943
Certificates of deposit
—
hicago St L & New
Gold
3 Vis
M-s
K*
117%
111
114%
.1927
gold 4s—
j A Secured 4 Vis series A
1st mtge 3 Vis—— —1971
Firestone Tire & Rub 3s
111
95%
100
112%
111%
J-J
106
88
102
—
(
108
105
__
*
.'v,;
*,
';
j-j
j-j
113
110
103%
105%
45
83
99 r
*104%
84
22%
97%
A-O
Div
Ohio
89
106 %
108%
100
'5/3
105% 105%
99
J-J
A— —2015
series
105%
J-J
—1995
—
mtge 3%s ser E__—_ —1964
1st cons
107
93
79
22
22%
j-j
84
60
20%
J-J
M-N
2
89
82%
87
j-j
93
87
j-j
is
'
101% 101 Vi
J-J
103 %
105 %
*110% 110% '
High
102 %
■Y V
Co—
1st cons M 4s series B_
75%
—
I ARefunding
Railroad
january 1
Low
4
113
112
112
'
98 Vi
*
Range Since
Sold
No.
High
*106% 106%
M-S
A-O
—1983
Bonds
Friday's
103% 103%
A-O
„
«
100
F-A
1988
or
Bid & Asked
J-D
Elgin Joliet & East Ry 3%S—
1870
—1968
El Paso & 8 W 1st 6s
—
1863
5s
stamped
kirta
140
90%
.1999
Western Ry—
2nd mtge conv income 4%s_.
ISAChicago Railways 1st 5s si
part
60
1
2000
Jar
Chicago Sz North
25%
148
J-J
j-j
adjustment 5s
r
'
140
20
j-j
AConv
71
140
68
j-j
m-n
11989
11989
AGen 4Vis series E
May 11989
AGen 4%s series F
May 11989
tChic Milw 8t Paul & Pac RR—
.1975
AMtge gold 5s series A—.
gold 3%s series B__May
4Vis series C
May
AGen
r
106'/a
i
May 11989
A
series
4s
AGen
AGen
114 Va
115%
—1950
Elec Auto-Lite 2Vis debs
V
1947
B—1947
ARefunding gold 5s series
A Refunding 4s series C—
111%
,
Last
Sale Price
High
104%
21
Ry-—
Ind & Louisville
Refunding 6s ser A
A
29
Interest
York Stock
Low
112%
11
115%
105 % 105%
115 %
F-A
1st & ref mtge
114%
115
j-j
1st & ref 4'/is series B
Week's Range
Friday
BONDS
'■
Exchange
Period
New
V
Chicago Burlington & Quincy RR—
1 Chicago
Low
No.
High
,\/y\
I
January i
Sold
-
low
Range Since
Bonds
Friday's
Bid A Asked
Sale Price
Period
WEEK ENDING MAY 11
Week's Range
Friday
BONDS
BOND RECORD
James Frankl
Jones
Delaware,
& Clear 1st 4s_
Laughlin Steel 3%s__
&
95%
32
88%
96%
103% 103%
11
103%
104%
103
105%
94
95%
%
N
100
m-n
99% 100
14
.
1936
1936
jDenver & Rio Grande Western RR—
A General s f 5s
1955
JS
consol 4s
§ AConsoi gold 4 Vis
AASS6Qv6il
A Ref &
m
4s
Gen & ref mtge
Gen
'
"
m
m
m
mmm~mmmm*m
& ref
Second
f-a
a-o
1965
a-o
3Vis series G—1966
4s_—
68%
108
,
67%
V. 69%
19
17%
70%
108
92
10
—1970
J-D
gold 4s 1995
—1995
108 Vi
;.;:69
59 Vi
72%
73%
170
61
73 Vi
13%
19
3,065
Duquesne Light
1st M 3 Vis
90 Va
a-o
100%
J-J
1961
J-J
1956
M-N
5%
21
j-j
1051
&
Ref
108%
33
107%
Ed El 111
For
(NY)
1st
footnotes
cons
see
gold bs____xe«3
page 2132.
J-J
80 %
Kentucky Central gold 4s
j-j
Kentucky & Ind Term 4%s-
j-j
101%
150
92%
105%
118%
Stamped —
105% 105 %
3
107%
109%
Plain
109
36
106
54%
8
48
56
33
35
5
28
35
114
12
108% 108%
58%
59%
27
107% 107%
24
114
102%
14
110%
103%
106%
109 Vi
45
105%
*118%
*156%
—
__
116%
loi.
1961
_—
unguaranteed—_—1961
1997
Kings Co Lighting 1st 5s
1954
4%s
Kings County El L & P 6s—
1st
ref
&
6%s
J-J
A-O
m-s
104
102
102
173%
175
105%
109
1
105%
110
16
102%
105%
7V'a
26
4%
110% 110%
7
105%
110%
102%
108
105 V
a
108
105%
79
105 Vi
104
*182
a-o
1964
1959
JAKreuger & Toll 5s ctfs
*
j-j
j-j
1954
J
Koppers Co 1st mtge 3s
68 '
101
*106%
j-j
89%
93
*75
j-j
—1987
—1961
—;———1961
91
106
*120%
19
66%
5%
81%
118%
105% 105 hi
108 %
108% 108%
59
170
89%
*„
' 100 % 101
54 Vi
105% 105%
105
6%
105
8
61
108%
3 Vis
Ga Div 1st 5s
90%
106%
Lake Sh
aast Tenn Va Si
Southern Ry 1st 3s„_ 1950
5s
Apr 1950
impt
89%
29
a-o
Range Ry 3Vis
a-o
306
1962
I5ADul Sou Shore & Atl gold 5s_— 1937
Miss & Iron
City Fort Scott & Mem Ry—
§ A Refunding gtd 4s——£
1936
A Certificates
of deposit—.
—-
66%
*103
Dul
a-o
Kansas City
62%
m-s
deb 2 Vis
*104
1st gtd gold 4s—1990
Kanawha & Mich
107% 107%
1950
Dow Chemical
70%
340
790
114
Tunnel 4Vis
K
100 Vi
109'-
72%
21
14%
m-n
&
Vi
54
j-d
j-d
67%
19bl
Detroit Term
99
57%
106
109 V'a 109 Va
63
m-s
3s series H
gold
f-a
1978
—i
series F
Detroit & Mackinac 1st lien
A
'
impt 5s series B
Edison
Detroit
69
Kansas
j-j
5 A 1st
'
m-n
a-o
119%
lo/
& Mich Sou
registered
Lautaro Nitrate Co
A 1st
mtge
gold 3y2s
—
Ltd—
Income reg
*
1997
1997
J-D
4-D
*105
Dec
60
t
1975
60%
27
50
60 Vi
Volume
Number 4385
161
THE COMMERCIAL Sc FINANCIAL
CHRONICLE
new york
RANGE
BONDS
New
Stock
York
Interest
Last
Period
Sale Price
Friday's
or
Bid & Asked
Low
Lehigh Coal & Nav
f 4V2s A
s
Cons sink fund 4V2s
1954
J-J
105%
1st
&
ref
5s
J-J
105
105
ref
5s
1st
ref
1965
A-0
104% 104%
1945
M-S
F- A
92
1974
4v2s
stamped modified-..
4 '/2s registered
5s stamped modified
1st 50-yr
L.ong Island
ref
91
44
/;74>:y
91
47
96%
,
59
M-N
60
62%
64%
66%
60
A-0
60
67
70%
11
92
92'%
A-0
6132%
3
^
61
47
•
20
79
4s
gold 3s
132'/2 ^
119%
121
109'%
...
t
107
*
111%
*
107 %
107% 107 %
41
106%
108
;
M-S
107 »/2
107% 107 y2
7
106 %
107%
|
119% 119%
3
119
119 3%
j.
A-0
105
4
103%
105% v
Montg 1st gold 4l/2S...__1945
.
J-J
103%
MS
106%
105 %
"103% 104
46
105% 106%
103
20
IO53/4
RR
A-O
1053%
105% 106
16
109% llo'/a
109%
39
107
i
105%
0
ioi
| ij
_i
M-S
noi y4
.
'
100
102% i
101% i
M-N
101'%
*115!%
ii
101'%
1045/a
__
J-J
1955
r
110 3/8
107
101} j
*101% 104
M-S
107%
107%
104%
*105% 106
1952
4s
4V2s
coll
&
4s
A Manila
A____1960
107
114'/a
Elec RR & Lt
f 5s
s
1953
AManila RR
(Southern Lines) 4s
1959
McCrory Stores deb 31/*
——1955
80%
83
■
Micnigan
El
(Chic)
4s..1938
68»/2
80'%
84%
75
92
A-0
*1053/8
ii
104
104%
6
102%
2
99%
102%
23 y4
10
16'%
23%
& Sag 3 V2s
3'/2s
gold
Ref &
*106
J-J
Michigan Cons Gas 1st mtge 3y2s_1969
105%
103% 104%
M-S
107
98%
__
*109% noy2
107 3%
A-0
90
90
80
t§AMilw & Northern 1st
4V2s__1939
J-D
114
114
3
104%
1939
J-D
118% 118%
11
97%
A
{Consol ext 4V2s—
.....
ref
&
A Ref
&
Minn St
A 1st
50-vr
Paul
1949
5s
& Sault
M-S
1962
series A
Ste
Q-F
Marie—
12%
7>%
12%
75
7
7%
6
7
inc
ser
A
1971
J-J
mtge 4s
A Gen
inc
ser
A_______1991
J-J
73%
72%
74%
70%
/ 68%
70'/2
M-N
703%
88 3/4
88%
90
53%
279
J-J
903/4
893%
92%
.—
deb
Y
1st 4s___..__.1990
57
70%
69%
•148
56 >/8
69%
78'%
457
63'%
73%
1940
A-O
86
84%
86'%
65
84%
933/4
M-N
35
33
36%
'1,413
25
36%
3-D
72
68
72
919
61
1967
M-N
1992
1993
A-0
& Pow
3'/2s
1965
M-N
1st
series
A
registered.
lien
ry & Id gold 3s.
registered
&
impt 4'/as
Ref
&
&
Ref
&
99
99
100
A.
Power
83
72%
77'%
42
22%
24
72
113%
97
97
1
93%
97
10
107 %
110
36%
1,184
25%
109 3/8 109%
5
109
1093%
1073% 108%
2
107
108%
107% 107%
33%
—
F-A
—Y
•
■
60
98%
99
59
15
61 %
*345/a
■
...
A-O
/
M-S
136
"/■-
Q-J
228
;
%.
*111
1
2047
853%
81%
2
1003%
99% 101%
380
i
234
108%
108
108 3%
71
100
103 %
103% 104%
104%
103% 1043%
47 y
F-A
105%
105% 106
12
1964
1st mtge 3'/2s_
F-A
M-S
*102'%
__
1073% 1073%
y
1083%
104%
93%
2
■
104%
105%
107
102
'
—
83
101%
93%
312
j-j
>
86
87
99%
■
j-j
1974
114%
72%
2047
1967
136
124
118
106%
84%
81%
2047
1st & ref mtge 3y2r«
61%
124
112%
84%
/.Y/y'
J-J
100
1363%
136
50
Q-A
j-J
Co—
mtge 2%s
36%
1083%
__
Q-F
...2047
„
48
133%
8
;
/-
—
116% 117%
q-j
47
48
136
*121%
116%
89%
._
136% 136%
M-S
Y
24
1033/4
107 3%
110
'
o
'
116%
i
120
*
14
JOgdensburg & Lake Champlaln Ry—
A 1st
guaranteed 4s
1948
/Ohio Edison 1st mtge 3s
1974
Oklahoma
Gas
&
Nav
&
Ore Short Line
t
81
1st
5s
2.1945
gold 4s
con
26
105
—
281
2oy2
9
103%
106%
2
100'/2
100%
1013/8
M-N
~
1946
J-D
>103
J-J
1946
28
1053%
100% 100'/2
1013/a
F-A
1st cons gold 5s.2_1946
Guarantee^ stpd cons 5s
28%
1053%
M-S
103%
J-J
.
~4
103
103% 103%
1
*103% 104%
'•
90 3%
J-J
Electric 23%s_.^_1975
Transmission
Oregon RR
8
106
99
76%
26
■
A-0
2047
impt 5s series C
impt 5s series D
(Minn)
1st
series
107'%
52%
15
;
J-J
Jan 2047
impt ,6s series B
1053%
35
42
A-O
1997
Ref
7
76%
97
M-S
1961.
A
108
106%
35'%
20H
mtge 5s conv inc..
tSANorfolk Southern RR 5s
106
41
107%
/
9%
86%
6
75
1998
AGen
106
J-J
1955
743%
r/V
,23
J-J
Y
4%
6
106%
:
M-N
1966
Ry Co—
23%
1,376
106'% 106'%
F-A
1.1967-
17'%
893
9 %
86%,
106'%
F-A
-
108%
23%
.
6%
85%
J-J
-.1943
107'%
■213%
83/4'
86%
J-j
..1963
•
:
22%
J-D
gtd 4s
1st 3'/2s.
States
*108
M-S
-
1955
cons
1st
4'/2s
72
Port Chester—
A
1
406
673%
693/4
Norfolk Southern
Northern
70%
69
Niagara Falls Power 3'/2s
Niag Lock & Ont Pow 1st 5s
mtge
57%
73
t§AN Y West & Bost 1st 4%s—..1946
1st
70'/2
69
69%
357
*
J-J
gold 5s
Telephone 3'%s series B
Y
70
56
56%
1957
Corp
ATerminal
68%
76
138
J-J"
~
1954
Steam
;
70
1948
4s
Putnam
68%
6s
trust
4s
&
70
J
6s
t§AN Y Susq & W 1st ref 5s.._„..1937
5 A 2d gold 4
%S,
^
1937
{AGeneral gold 5s
1940
!
111%
90
11%
265
J-D
.
Mo Kansas & Texas
J-J
1956
N Y Queens El Lt
«
4'/2s
mge
1955
4s
Ontario
gold 4s
ext
4s
Gen
^Minneapolis & St Louis RR—
A 1st
deb
deb
M-S
;
105
22
fSAMidland of N J 1st ext 5s_____194C
ext
69
69%
*1003/4 102
M-N
1979
.
M-S
1952
impt 4'/2s series C
67
67%
(Wise)
1951
58%
69
69
23%
F-A
103
M-S
A-O
|AN Y Ont & West ref gold 4s_
AGeneral 4s
i
f
j
106%
101%
100i/2
1954
...........1947
Ref
105% 105 j/2
93'%
913%
3'/2s
3s
101
105%
84%
3y2s^_-.i.___.._1947*
N Y
80%
15
34
20
91
deb
1st
central—
Lans
Jack
1st
Side
132
83
113%
93'%
100% 100%
92%
110%
110%
'/
Norfolk & Western Ry 1st gold 4g_1996'
North Central gen & fef 5s
...1974
114%
110 3%
1083%
deb
tAHarlem River
M-N
M-N
West
80%
*88%
A-0
AMet
79%
83
M-S
Metropolitan Edison 1st mtge 2%s_1974
,
A 1st & ref 4%s series of 1927
N
1093/s
1
4s
*101% 102 y2
M-N
Metrop Wat Sew & Drain 5V2s.._.1950
A
series
deb
4s
3-D
B
fund-.Feb 11957
4s
Gen & ref 4%s series A
1974
Northern Pacific Ry prior lien 4s__1997
3-D
1954
ser
ser
Sugar 4s sink
M-N
West
&
ADebenture
N
m
Central
1973
Lack
lACollateral
.
High,
1133/8
5
113
M-N
Y
AConv
>
Low
112%
116
113
1973
2000
ADebentui$ certificates 3y2s.___1956
M-S.
1980
...
Ry joint monon 4s
mtge
*111
J-J
70% !
93%
127'%
__
,
1063a
F-A
1st
M-N
J-J
2043
gold 3'/2s
series A
4s
•
67% 1
62
*
55%
120% 120%
15112%
\
65% v
50
118
93 %
'
..
F-A
1946
Manati
1093%
January I
,
3
ANon-conv
|
45 y4
343
60
67%
M-~N
Paducah
Maine
F-A
Range Since
Sold
No.
112% 113
ANon-conv
RR—
Div
J-D
ANon-conv
|
Bonds
.High
...2043
.« .Harlem
ANon-conv
1963
k Cine
Friday's
!
Y
4%s series B
91
80%
A-0
Knox
& Pow
tN Y New Haven & Hartford RR—
i
90
87 y4
115
J-J
Atl
93
88 '/a
708
i960
&
89%
1
'
1949
3%s series F
Div 2(1
or
Bid & Asked
109% 109%
*110% v...
Mtge
1951
Div
Sale Price
ANon-conv
4
90
89'/a
96y4
2003
South
N
i
11
92%
M-S
gold 4s
& Mem
Last
Period
I'•'/•;
gold 5S...1948
Purchase money gold 4s
1949
>
93
64 y2
A-0
1st & ref 3 3%s series E_.„„—..2003
Mob
93
95y»
Unif mtge 4s series is ext.....
St Louis
•""■'.I
100%
61
M-N
...
M
Week's Range
Interest
'"Y
N Y Gas El Lt H
100% J
98
95 y4
1949
Nashville
ref
4
62%
1951
Louisiana & Ark 1st 5s series A___1S69
Louisville Gas & Elec 3V2s_.
1966
1st &
100
1949
debentures
&
f
1043/4 ■)
993/4
J-J
.1962
A
(P) Co deb 5s
Louisville
4
M-N
2003
stamped
3s
/,>/
87%
87%
2003
unified 4s
Guaranteed
4s
Lorlllard
Friday
.
Exchange
Low
105% >
90
F-A
5s gtd____1965
series
104s/8
104
88
___2003
Liggett & Myers Tobacco 5s
4s
4
100%
92
92
F-A
Lehigh Valley Terminal Ry ext 5s_1951
gen
106
■■
Stock
Uiqh L
104%
99%
92
1974
gtd 5s
1954
Lehigh Valley N Y 4 Va£ ext_.___.1950
Lehigh Valley RR—
4s stamped
modified
2003
4s registered.......
2003
Miami
Low
20
>85
92
F-A
1964
5s
stamped........
& Eastern
i:
I No
New York
/'/■ .',;••••
N
99
1964
Leh Val Harbor Term
Lex
January 1
*99% 100
1954
.•__.
fund
105 3*2
Range Since I
Sold
,
5s
...
sink
11
Mtge 4s series B_._
•'
5s
sink fund
stamped
&
5s
Litle
ag
stamped._.__.-__...__..__;-1954
1st &
;7v-
sink fund
ENDING' MAY
BONDS
Bonds
105% 105%
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s__
Lehigh Valley Coal Co—
Niahi
C_.—1954
series
bondt, record
WEEK
Week's Range
Friday
Exchange
FOR
2131'
9Q
103
103%
104 3/a
105'%
104
105 %
104%
106'%
i
Oregon-Washington RR 3s
A2.1960
ser
A-0
105% 105%
69
Missouri-Kansas-Texas RR—
lien
Prior
5s series A
1962
40-year 4s series B
Prior lien 4!/2s series
A Cum
fMissouri
AGeneral
A 1st &
A 1st
Jan 1967
J-J,
82%
82%
J-J
84 y8
83%
84%
A
A-O
81/
80%
84%
140
'82
si
86%
90%
108
54%
6iy2
68'%
2,530
ref
5s
1977
M-S
1978
M-N
88
87
90%
...1949
m-N
36%
34%
41
87
G
series
A 1st
&
ref
gold 5s series H.....1980
A 1st
&
ref
5s
88'%
86%
A-O
88%
1981
F-A
88 y2
gtd gold 4s___1991
Monongahela Ry 3'%s series B
1966
Monongahela W Penn Pub Serv—
1st mtge 4%s
..I960
MS
series
I
Moh'k & Malone 1st
.
debentures
..1965
1st
Montana
Power
Montreal
Tramways
ref 33/4s_—1966
&
70%
86
87
64%
A-0
111%
3-D
105%
90%
143%
41
2000
91
198
72%
90%
9034
788
72%
90%
90
79%
90
1063%
107
107
111%
1083%
113'%
107
17
111 %
1053/4 105%
M-N
1st
72%
111% my2
J-J
1958
Essex
73:■
277
*106
(John) & Co 3s debs
&
923
90%
*108
..1951
58'%
16
1053%
100
100
*102%
5
96
102'%
3-D
75%
75 %
76%
62%
76%
1955
M-N
83
82%
83%
57
69'%
843%
4%« series B_„—....1955
Mountain States T & T 3'%s
1968
M-N
77
75%
78'%
129
69%
793%
J-D
*__
109
Mutual Fuel
M-N
*._
109%
Constr
M
Constr
gtd 3V2s
M
series
5s
A
1st gtd 5s
Gas
.1947
207
1,08%
109 '/2
1093%
110
Nash
Nat
Prod 3'As
Dairy
Nat
k St L 4s
Chatt
Distillers
Prod
Steel
National
1st
series
A
3'%s
debs
mtge
103%
103% 104%
75
1960
debs
F-A
J-D
107%
107% 108
36
1949
M-S
1965
A-0
1954
3s
M-N
3-D
"112%
Newark
1948
106%
J-D
107
106%
106% 107
18
105
107'%
105%
105% 106%
61
1043/4
108
A-O
108
Pacific Tel & Tel 3'%s series B
Ref
gtd 5s
Panhandle East
&
ref
33%s
Power
&
4s
-
sterl
Phila
1st ref & imp 4%s
E
Orleans Term
1st
A Certificates
5s
series
of
J-J
A
5s
A
of
4%s
of
series
Certificates
A 1st
5%s
deposit....
of
series
ACertificates
_
1956
Central
RR
4s
100%
108%
10
104'%
106'%
3
104%
108
1st
&
106% 107
16
104%
1073%
1st
107
1954
85
'
86
5
70
86
77
77
80
98%
100%
81
96
96%
80
97%
96%
—
,
a-0
97%
II
f-a
*87
— -
.„
II
100
80
A
92%
98
93%
100
101
20
18
81
95
25
83
V* 101
83
99
101'%
100
Union
1st
series
23%s
100
F-A
91%
903%
92%l
Reading
&
3s
debentures
ACertificates
D
4s
1
100
100%
Series
H
286
82%
923'8
Series I
guaranteed
J-J
.1997
J-J
97
F-A
92%
92%
F-A
92'%
94
...1998
F-A
90
90
100%
97%
107%
105
Dock
Y Edison
&
3yis series E
see
page
2132.
89%
32
78%
52
53%
61
49'%
57%
106'%
1073%
99
99%
14
105% 106%
10
M-N
*136% 139
94
Pitts
32
82%
95
1st
./, 1
81'%
99
115
102%
1033%
1st
52
105'/s
106%
Pitts
A-0
1073/4 107%
1
106'%
109
F-A
102%
A-0
105%
1968
A-O
102% 103%
26
100 3%
104'%
105'% 105%
9
105'%
107%
107'%
109
Steel
1st
1st
mtge 4'/2s
—
99
100
105%
106%
138
3
128%
131'%
17
105%
108
103% 103%
22
102%
104%
102% 103'/2
41
101%
104'%
10234 1023%
3
107
103'%
253
108
196
255
249
*105%
M-N
101% )104%
203% ,255
U
1043%
106
107
20%
—
102%
23
69
153/4
20
J-J
F-A
104%
„
106 '/2 106%
M-S
—1945
—1957
4s_.»_.l960
1963
Y
20
5
15%
14
1023% 102%
23%
20
101'% ;103%
J-D
A-O
A-O
M-N
3-D
J-D
1st 4%s series A....1958
J-D
;
-102
107
>107
—
113'%
'113'%
113% 113%
113'/2 (113%
*114%
...
'
123
*191
M-N
.1970
.1975
102
108
*124
F-A
4'/2s__1964
—
*_.
*113
*101%
M-N
F-A
3-D
M-N
F-A
1950
——1950
mtge 4',iii series B
Pitts & W Va
106%
*1073/4 109
90
131%
131'% 131'%
108
M-N
ser E
....... 1975
1st mtge 3'/2s_1964
83
106
102% 102%
mtge 33/aS
1
1965
gold 4s
footnotes
102%
99 '/a
J-D
Pittsb Coke&Chem
1965
A
3y4s series D
ref
M-S
guaranteed
97
J-J
.1.1975
cons
87
T951
Y
1st
Gen
J
34
1st
1978
N
For
95%
____1998
D
Connecting RR 3y2s
lien
F-A
C_
series
Y
1st
21
*104% 106
1998
1998
N
N
107
Chicago & St Louis—
3%s
1971
1..1963
4'/2s
1997
series
J-J
-
*106
J-J
1961
1974
Gen mtge 5s series A...—
Gen mtge 5s series FY
mtge
1977
guaranteed
cons
Series
4%s
88'%
52%
F-A
4s
cons
99%
York
109'%
*.108'% 1083%
.
J-D
1949
guaranteed gold_.._1953
94
Ref
108'%
1952
guaranteed
87
Ref
105%
M-S
4s
F
78%
New
126%
105%
1023%
1053/8
105
1980
Series E 3%s gtd gold
Seriis
693
Mich Cent coll gold 3%s_.
3'/2s registered
1033%
105
104
Pittsburgh Cine Chi 81 St Louis—
327
106
35
102
105%
104%
(
99%
gold 3V2s
126'/a
118%
MS
Phillips Petroleum 2%s debs...—1964
94
registered--.
118%
45
132% 133
A-0
1st s f 4s_.;_.__1937
of deposit
97%
registered
133'%
23
125 3% 126%
J-J
JgAPhilippine fly
90%
jiy2s
126%
125% 126
126
Apr
.—;
973%
3 '/2s
34
125%
Coal—
91%
Lake Shore coll
132%
J-J
AGen mtge 6s income
Apr 1964
Philip Morris Ltd deb 3s-.—«~---..1967
A-0
106
J-D
A-O
—1967
2013
3'/2s
1243%
A-O
;
imnt
River
128%
118%
1974
&
Hud
124'%
deb
A-0
&
11
40
gold 4s—
2013
Cent
126% 126%
1223% 124
1947
2 3%s
M
ref
105%
1263/4
—1985
B
impt 4'/2s series A
Y
1083%
104%
108 3/s 108 %
F-A
Ref
N
108%
107%
61
Ry 5y2s—.1974
Wash
ref
Series G
J-J
1998
C
107%
3
1043/8 104%
1960
&
series
35
108 3% 108 %
104%
122%
ext
Ref
5s
1073/8
88
•-iU-
*..
deposit
series
106'%
....1952
General gold 4'/2s series C
Philadelphia Co coll tr 4'%s
Phila Electric 1st & ref 2%s
Series
A-0
19
Apr )990
4s
&
Philadelphia
a-o
f-a
106% 107
1968
5s
and
104% 105%
deposit.......
A
of
Newport & Cincinnati Bridge Co—
General gtd 4'/2s
..1943
Y
100
&
D
106%
F-A
B
Dodge conv 3'/2s
Bait
General
107% 108
105%
deposit.
1956
F-A
J-D
Marquette Ry„3%s ser D
107%
—-
.1954
C
series
Certificates
A 1st
deposit..
10fl%:
'
B
ACertificatcfc
A 1st
100%
*107%
J-J
1953
fNew Orleans Texas & Mexico Ry—
SANon-cum inc 5s series A
1933
A 1st
100%
M-S
1952
gtd 4s
107%
108%
1965
2
Pekin
&
Phelps
New
N
Peoria
1083%
105%
107%
:_.1960
A
Peoria
112%
308'%
15
51
1970
Peoples Gas L & C ref 5s__!
126
O & N
series
4s
105%
106% 107
M-N
105
115'%
J-J
series
Eastern
111
105%
107% 108%
M-N
A-O
106'%
&
1093/4
—
>108
J-J
..1948
mtge 3'/8s ser F_____
11.4
.1974
1103/4 1103%
>1053%
108
Gen
1233%
A.._.__1983
105%
114
F-A
104%
115
5s
103 3/a
112%
*112%
M-N
1984
J-D
Jersey P & L 1st mtge 3s
M-S
—1981
Pere
Orleans Great Nor
.
5s
1005%
New
N
4%s
101
9
M-N
...May 1 1948
stpd dollar
General
96
1143/4 115
109
110%
1974
mtge 3%s series C
Cons sinking fund 4'/2s
95
*124% 125
108
109
104
•
1968
Gen
19
M-N
107%
.1969
Pennsylvania RR—
Ccnso! gold-4c.
27
New
D
ser
Light <3'/2s
debentures
4'/2s
100
F-A.
104
105 3/a
110
J-J
1st
Penna
100% 101
..1952
3
*107
J-D
100
gtd 4%s series B
.__.___1961
1st 4s_______1986
108
9
*1093/8 109%
Pennsylvania Glass Sand 3y2s.—..I960
AIncome
100%
108
3-D
Pennsylvania Ohio & Detroit RR—
1st & ref 4%s serieB B
1981
1003/4
1
y106
J-J
^--..1960
105
112%
5
1966
Gtd 4s series E trust ctfs____._.1952
J-J
England Tel & Tel 5s A
B
3s
107
1955
Paterson & Passaic G & E cons 53.1949
J-J
J Junction RR gtd
L
P
107
Pennsylvania Co—
1945
1st
1966
mtge 3'%s series
s f gold 4%s
Paducah & 111 1st
102%
105% 106
102%
1083%
J-D
Consol gtd 4s_—__.._.__1945
New
N
5s
cons
England RP.
fANew
A
Gas
*102% 103
105%
101
106
J-D
Gen mtge 4'%s series E
Conv deb 3y4S___._
*107
tANa"gatuck RR 1st gold 4s
Consol
107
*102%
1970
108'%
96'%
j-d
J-D
General 4'%s series D—
1978
,
...1966
General
n
1946
■:.■;./
3'/2s series I
1st 8?.ref M 3s series K_
1971
1st & ref M 3s ser L__.____._.l974
100
101%
__
ref mLge
61
1st & ref mtge 3s series J..2
90%
86%
F-A
1st
-V
72%
33
3,052
9
PaciflcC Coast Co 1st gold 5s
Pacific Gas & Electric Co—
953%
88 %
A-0
ext.
5s
91
92%
743/4
•*■..
88'%
M-S
gold 5>/2s
Morris
8
F-A
1965
ref 5s series F
&
Morrell
26 .«
.1975
A.
4s____
AConv
6s
If.
Pacific RR Co—
ref 5s series
&
A 1st
1962
D_._._.__1978
adjust 5s series A
W63
133'%
-125'%
124% il24'/2
128% ,134'%
v
8
129% >135
9
105
8
101%
104
105
93
134'/8 134'%
1033% 104
104'%
22
106% 107
.134'%
134'%
2
104
106'%
1
104'%) 106'%
133
105
104'% 104'%
93
mtge 4'/2s series B
1959
A-0
mtge 4'/2s series C
1960
a-o
Young & Ash 1st 4s ser A
1948
J-D
F-A
J-D
3
84%, 98
*122
1974
93
*106
1962
'
,1073%
gen
5s series B
1st
gen
.st
4%s series D_.
-iPittston
5s
Co
series C
5y2
inc deb
1977
J-J
93'%
95
92'%
93'%'
22
84%
84 v2
106
98
98
106
*118
J-D
1964
92'%
92'%
*117
99%
983%
993%
45
94%
99%
,
THE COMMERCIAL &
2132
Monday, May 14, 1945
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Interest
Last
Period
Stock Exchange
Sale Price
El
M-S
J-J
*108%
1977
F-A
J-J.
Stand Oil
108%
Standard
2%s
103% 103%
1
101
103%
35%
72
25
35%
32%
M-N
1957
Securities 4s
IL Providence Terminal 4s_.
Public Service El Bt Gas 3 Vis—
1st &, ref mtge 3s
t A Providence
104
107 %
—
—
*100%
1956
MS
1968
J-J
1972
M-N
Bt
ref
mtge
5s
2037
J-J
*151%
—
1st
1st
Bt
ref
mtge 8s
2037
J-D
*230%
—
155
—
103%
21
103 V'4
J-D
106
106%
24
105%
107%
M-N
*105
105%
105%
106%
1961
M-N
*104% 105%
104 Va
106
1953
J-J
110%
112
impt mtge 3%s series B—1974
J-J
•
—1959
1958
f gold
s
4s
107 % 107 Va
1951
4s
1997
1997
Gen
Revere
M-N
Elec Corp—
—1977
Gen mtge 4Vis series D
—1967
Gen mtge 3%s series H
—1967
Gen mtge 3Vis series I
—1969
Gen mtge 3Vis series J
—1934
15AR I Ark & Louis 1st 4%S—
—1949
lARut-Canadian 4s stpd
—1941
If ARutland RR 4%s stamped—
Bt
Lawr
ISt Louis Iron
&
River
deposit
1977
A-O
105%
105 % 105%
36
100%
107 y2
Gen
Bt
ref 5s
series
C
1979
A-O
105%
105 Va 105 %
49
100
1071%
Gen
105%
105 % 105%
11
107%
Texas
108
105'/4
1091/s
Tol
52
98 %
71
A
79%
ref 5s
&
*125%
Ave
*110
M-S
AdJ
MS
67
69%
21%
23
J-J
—
•
»*
—
Gas
51
16
•~j-
A Prior
a
.
-—1989
gold 5s series A——1990
St Paul Bt Duluth 1st cons gold 4s_1968
lfA8t P & K C Sh L gtd 4 Vis
1941
Bt Paul Union Depot 3 Vis B
1971
Schenley Distillers 4s s i deb
-1952
Scioto V & N E 1st gtd 4s
198#
; A Gen
& ref
ISeaboard Air Line Ry—
4 A 1st gold 4s unstamped
ACertificates of deposit-
(Chemical Bank) —
1945
series A
6s
cons
debentures—-1961
fund
23/4fi sinking
Corp coll tr 7s—-1941
debentures 4s—
—1952
Bkelly Oil 3s debentures
1950
Socony-Vacuum Oil 3s debs
1964
South & Nor Ala RR gtd 5s
1963
South Bell Tel Bt Tel 3%s
1962
If ASilesian-Am
Simmons Co
ist 4%s
(Oregon Lines)
F-A
•••"
Gold 4%s
Gold 4 Vis
Fran
San
Boutn
Term 1st 4s
ref gtd 4s
Pac RR 1st
131%
J-J
89%
■
18
110%
,
50
49%
;86%
f-a
49%
39%
39%
53%
67%
64%
66%
41
52%
66%
65%
67%
297
53%
1st
49%
104
67%
50
•
-
—
.
'
29%
101%
101%
102%
4
73%
103
Devel
Devcl
&
1st cons gold 5s
4s series A
gen
107%
126
130
106 »/a
&
gen
Devel
&
gen
Mem
Div
&
—
ref
1st gold 4s
Bell Tel 3Vi8 B
C_.
Southwestern
1st
6Vis
1st gold 5s
Louis Div
St
6s
102
5
3s series
gold 4y2S__2013
ASpokane Internal 1st
4'/2s
Union
A
inc ser
Telegraph
-
;; 106'A
108%
109
l'\
96%
98
89%
100% 101 y8
45
100%
100% 101'/a
6
88%
*
F-A
SQ
102%
i
101% r.
71
60
70%
v.
V 102%
117 Vt
J-D'
105%
105%
101% 101 y2
101%
102
117'A
117%
117'/. 117 Va
a. v
106%
>106% 107
J-D
107%!
108 Va
llO'A
50
105
106%
107% 108 Va
13
106%
108%
104
105 y2
62
92%
107%
107
107%
13
106%
107%
105
107 y2
J-J
108 Va
108 Va
3
A-O
106
106%
106%
J-J
May
Co107
J-D
106% 107
106 VA
Af-S
7
106 Va 107
29
85 y4
87y8
98
78 Va
87%
81
84 y2
34
74%
84%
109 %
110%
104% 105%
23
105
104% 104%
3
104
105 Va
117%
117%
J-J
M-S
1970
101%
3
86%
J-J
RR 4s___—1949
105% 108
102% 102%
M-N
.2361
__
Af-S
A-O
of
89%
99%
100
-102% 105%
F-A
.
100
/
84 %
33
100%
Q-M
■
90
29
88%
96 %
104%
•117%.,
J-J
__
J-J
86%
85
86%
262
Af-N
35%
35
38 Va
153
35%
5
103
V
105%
35 %
Elec Power 3%s
1968
A-0
107
1971
J-J
*__
20
105 Va
35 %
106
109%
105
38y4
108%
109
107
Public Service 3'As
85 >/2
19
2
Wisconsin
88
79%
deposit
79
110 %
103
370
92%
97%
253
85%
97%
96
96%
96
123
101 V'4
'28
106 Va 106%
Af-N
ACertificates
110'%
96%
102%
104
6
Wisconsin
108% 108%
M-S
M-S
M-N
M-N
A-O
1996
1951
1964
.-1968
107%
•
—
115
103%
•L-.W'
__
107% 108
A-O
1977
2014
series A
Pacific
1081/4
108
*105% 106%
J-J
1994
1956
1956
1956
-
Apr
..1958
Winston-Salem S B l8t 4s
,.1960
t A Wisconsin Central 1st 4s_—_i_Ll94S
v
ACertificates of deposit-.|ASu & Du div Bt term 1st 4s___1930
103%
106
__
51/2S
Wheeling & Lake Erie
104%
107
107
*130
1952
Maryland 1st 4s
ref
&
Registered
103%
*103
A-0
A-O
102%
1966
series I
Power 3y2S
Wheeling Steel 31/4 series C
Wilson & Co 1st mortgage 3s
75
66
,
19
102% 103
F-A
J-J
*109%
F-A
1950
gold 5s
1951
30-year 5s
———I960
Westinghouse El & Mfg 2y8s
1951
West Shore 1st 4s guaranteed
2361
103
lo
/
102% 102%
ref gtd gold 3%s
1st
RR
ser
25-year
45
21
102% 102%
102%
M.
„
Apr
1981.
1991
1971
195b!
2000
:
Funding as real estate 41/28
90
32
3'/4S
mtge
Western
97%
286
85
97%
99%
236
84
'
"97%
98%
99%
106% 106%
2
105%
100
104%
131
131
131%
123
41
Included In the year's range,
101%
not
J-J
J-J
J-D
107%
107% 108
29
106
108
108%
108% 108%
11
108
109%
107
107 %
95%
23
111 <
115
118% 119
'
'
'
■
116 Va
3
107% 107%
J-J
117
26
*122
sale
131%
193
99% 101
114
delivery
Deferred
in the
year's
d Ix-lnterest.
range,
e
106%
Odd-lot sale not
r Oaah sals
Under-the-rule sale not included In the year's rangs.
y Ex-coupon.
impaired by maturity.
§ Negotiability
120
n
Included
Included in the year's range,
115
tThe price represented Is the
dollar quotation per 101-
Accrued Interest payable at the exchange rate of , $4.8484.
receivership, or reorganized under Beettoa IT of
pound unit of bonds.
122 %
not
105
M-N
.1960
1st mtge s f
114
119
'104%
43
106%
J-J
A-O
A-0
A-O
100%
Sheet & Tube—
3%s series D_.
Youngstown
107
106% 106%
106%
J-J
a
8outhern Ry
inc series A
mtge inc 4'/4S series B
4s
mtge
Western
92
81
'
45
40
71
A-O
—
•
106%
*104
"
J-J
MS'.
Western
47%
2,000
y
MS':''
-
'
108
118
■
—-
106%
104%
<
.
w—
A-O
West Penn
110%
39%
27
67%
--
-2003
Washington Central Ry 1st 4s
1948,
Washington Terminal 2%s ser A__1970
Westchester Ltg 5s stpd gtd
1950 :
Gen mtge 3Vis
1967
109
86 -
i
109
47%
102%
;
109%
112%
105 %
--
—
1
A-O
1st gold 5s_ .1949
1st gtd 5s
B_——
Walworth Co 1st mtge 4s_;
1-
109%
87%
107% 109%
109
109%
40
D
-1958
1st
78%
J-J
1977
1968
1969
1981
1950
1955
A
106
130%
134
"
mrnmm**-''
102%
109%
*113%
;
M-S
.
-I960
Gen
1051/4
102%
49%
•
98%
w
55
1041/4
M-S
Southern Pacific Co—
Gold 4 Vis
13
65%
'■
16
101% 101%
*111
F-A
5s_
cons
Gen
66%
1979
debentures
3s
401/4
223
109
'
107%
106
Wabash RR Co—
65
•
101%
109%
104%
104%
j
M-N
.1957
f 4s series B.
Coal & Coke
Iron
•
49%
'
M-S
97%
*45%
''
.1959
107
107
1
•
106
106
■
107
.
5
109%
*105
A-O
F-A
106%
105%
13
105% 106%
107% 107%
J-D
-1958
90 y8
72
66%
M-S
104
103
971%
72
47
54%
47%
;v
'
(Guaranty Trust)—
(Chemical Bank)—_
15 A Atl & Birm 1st gtd 4s
193<*}
ACertificates of deposit
JASeaboard All Fla 6s A ctfs
1935
Shell Union Oil 2 Vis debs
1954
87%
47
109% 109%
A-0
28
104
13
Virginian Ry 3%s series A
t
"
-
6
104% 105%
RR cons g 4s series A— -1955
s
Warren
dep
of
14
89 Va
97%
*130
'
104% 104%
M-N
-1974
Va
116%
108
96%
53%
107%
105%
A-0
.1955
3%s debs
Pictures
Va & Southwest
94
96%
102% 103%
'
105
J-J
1971
-1968
1st
*105
ACtfs of dep
A Ctfs
48
*110
A-0
103
-1947
1st & ref mtge 3s series
48%
37%
54;' : -:
40
103
Va Elec Bt Pwr 3%s series B
;
64%
371/4
A-0
-rrrr
195#
A 1st
51
32
M-N
lARelunding 4s—
A Ctfs of dep (NY Trust)—
dep
4
2,086
Af-S
195o
of
64%
A-0
i A 4s gold stamped
A Certificate of
deposit
A Ctfs
65 >/4
48
__
-
62%
51
87%
F-A
105%
103%
20%
V
48
31
103%
-r-J
1
Cons
292
65Va
111%
6
29
.1970
grant 4s
United Drug 3%s debs
Vandalia
48%
95
113%
14
*26%
——
-1967
Biscuit 3%s debs
62%
47
62%
F-A
99
45%
J-D
1950
.
land
481/4
908
•45 %
96%
105%
104% 104%
A-O
-1959
112% 113
M-N
1945
.
102%
,.62%
J-J
J-J
103
105%
105% 105%
Pacific RR—
&
92 >/4
62%
114% 114V4
J-J
1952
unifying 5s—
105
102
103
99»/4
99
58%
M-N
Nov 1989
bond ctfs
2d 4s inc
| A 1st term Bt
99%
51
iooy2
64 %
18t
>
*101% 102%
F-A
_1971
debentures
United
45%
MS
stpd
Louis-Southwestern Ry—
1st 4s bond certificates
861/a
45'/a
—
ACons M
105
.60'/a
M-S
1960
3% debs
105
J-D
1949
5s
35-year 3%s deb
Ref mtge 3%s series A
90
79%
62%
J-J
-—1978
4Vis series A
ACertificates of deposit
81
59
58%
1950
of deposit
A Certificates
;
103%
99
-----
gold
of Calif 3s deb
Universal
1950
of deposit
lien 5s series B
1st
34-year 3%s deb
,
%
>4 104
J-D
Union Electric Co of Mo 3%8
106%
103%
104 >/2
103
59
1
1st gold 4s__1940
t
941%
51
ISAUnion Elev Ry (Chic) 5s
—
ioo y4
J-J
Jan 1960
3%s„1960
360
U
27 Va
—
*86%
J-J
51
58 %
23
17%
369
*90
1955
ACertificates
-
>103%
ioo y4
91%
52%
691%
56
106% 106%
M-N
Elec
&
103
89 %
91
53 %
ref & impt
Buff
&
103
—
91
A-O
109
168
27%
24%
25%
J-J
105'%
1081/2
1081/4
110%
•
Ham
*103%
J-J
1960
income 5s
& Ohio Cent
Tri-Continentai Corp
108%
*109%
*109
68%
J-D
J-D
105%
105y2
99%
—
M-S
MS
1980
3%s__1974
D
of New Orl
Ry 1st ref 4s
Toronto
—
__
gold 5s
series
RR
Tenn
^renton
M-S
1st
Pacific-Missouri—
Third
58
A-0
Ry
10t Louis San Francisco
A Prior lien 4s ser A
140
2000
1041/4
—
P 5s stpd
Bt- L Rooky Mt &
108 Va
130
B
79%
J-J
1933
107%
106 Va
5
series
—
77%
77%
J-J
Gulf Division
5 A 1st 4s stamped
A Certificates of
105
7
140
5s
105% 107%
105%
A-O
—_______1996
Mountain & Southern—
gold 6s
2d
12
107%
140
ref
1st
St Jos
106%
107
Bt
Union
Bt
106
Af-N
Gen
3s
Ltd 1st M 4Vis——1968
Grand Island 1st 4s——1947
& Adir 1st gold 5s
1998
109%
107%
Pacific
Union Oil
Baguenay Pwr
105
J-D
103%
*102%
A-O
T
16
106%
106% 106%
J-J
1949
128
108'/4 108 %
105%
107% 107%
&
Gas
Rochester
106
107 %
126
1965
deb
3s
Company
debentures
Pac
illl939
& coll trust 4s A—
cons
A-O
C—
ser
106%
2
105%
J-J
A 1st
1959
imp M 4s
1
127% 128
102%
18
107 y* 107%
107%
J-J
Rand deb 3Vis
1956
RR Co—
mtge (4.7%
for 1945) due_1975
copper & Brass 3 Vis
19fi0
108 %
3s
& Saratoga
Rensselaer
F-A
&
Texas 61
J-J
Remington
J-J
1950
Texas
Reading Co Jersey Cent coll
Gen & ref 4%s series A
o»n & ref 4%s series B
2019
Ref
5
111% 111%
T£.-xarkana & Ft Smith 5%s A
R
A-O
105 Va
of St Louis—
RR Assn
refund
Bt
127%
101%
100%
6
101% 101%
101%
J-J
103% 105%
155
Gen
.1964
106%
18
103 % 103 %
104%
J-D
1961
-.1953
230 %
Ref
deb.
>
J-J
Terminal
Quaker Oats 29/«s
1
High
105%
January
No.
108%
224%
—
.
Low
103%
Sold
Utah
110%
107%
7
Range Since
Bonds
Friday's
*104% 105 %
F-A
1960
of Calif 2%s debs
Oil N J deb 3s
debenture
Sunray Oil Corp 3% debs
Superior Oil 3'/as debs
Swift Bt Co 2%s debs
103 >/2
110
—
108% 108%
,
103%
—
—
*110
108%
or
Bid & Asked
High
Low
*113
1951
Pwr
1st mortgage
Sale Price
Low
103%
29
Week's Range
Last
Period
January I
No
Uiah
103% 103%
1960
1966
1st 4 Vis—
1st M 3%s—
3 Vis
Pressed Steel Car deb 5s
Elec
Portland Gen
Potomac
Friday
Interest
New York Stock Exchange
Range Since
Bonds
Sold
Bid & Asked
Low
ENDING MAY 11
BOND8
Week's Range
or Friday's
Friday
BONDS
York
New
WEEK
FOR
^Companies reported as being in bankruptcy,
the
Bankruptcy
Act,
or
and
♦Friday's bid
securities assumed bv such company
asked prices; no sales being transacted during
current week.
"
63%
Apr
63%
2
63%
i
ABonds selling flat.
65
57
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
and
week
in
which they occur.
in
following extensive list we furnish a complete record of the transactions on
May
include
ending the
and
5,
RANGE
STOCKS
New
York
Curb
Friday
Week's
Last
Exchange
Sale Price
Range
of Prices
-
FOR
ACF-Brill
Acme
Aero
Wire
Motors
co
warrants
1
c
York
Exchange
Curb
Range Since January 1
Class
Air
Investors
Convertible
For
common
Inc
(N J)
preferred
see
page
2%
Jan
110
27%
Jan
32
Apr
Air-Way
Electric
Jan-
-22
Apr
Alabama
Great
Alabama
Power
~4
~4%
900
13%
13%
14%
2,500
12 %
12%
600
3%
200
10
2137.
3
4
9%
May
Jan
12 % Mar
2% Mar
37%
Apr
6
5%
Feb
Jan
3% Mar
37va
for Week
Shares
Low
50c
Mfg Corp.
Appliance
Southern
3
50
5%
5%
123
Range Since January
5%
6
9.700
5%
5%
5%
1.500
20
3%
Jan
99%
Jan
122% 123
Apr
1
High
Low
High; ;
8
Jan
5% May
May
123
Feb
14% May
13%
Aireon
Range
of Prices
Par
High
1,700
12%
9
common
footnotes
5%
31
1
i
Mfg
Associates
5%
30
Q
B
Air
Low
.
Sales
Week's
Last
Sale Price
New
High,
1
Friday
STOCKS—
Sales
for Week
Shares
.
ENDING MAY 11
19
5%
10
common
Supply Mfg class A
Ainsworth
Low
beginning on Saturday,
of the Curb Exchange itself, and is intended to
occurred during the current year.
WEEK
-
Par
^
the regular weekly range are ehowu
the New York Curb Exchange for the week
It is compiled entirely from the daily reports
(May 11, 1945).
present Friday
security, whether stock or bond, in which any dealings have
every
<
transactions of the week, and when eelllng outside
No account Is taken of such sales In computing the range for the year.
footnote
a
RECORD
YEARLY
In the
In
the
AND
deferred delivery sales are disregarded in the week's range unless they are the only
Apr
$6
Alles
Allied
Co
$7
preferred
preferred
&
Fisher
common
Intl Investing
$3 conv pfd
•
•
117
117
10
1
7
~7
100
•
115% May
106
6%
41
Jan
117% Mar
107 %
Jan
Apr
10
Feb
Jan
48
Feb
V
-l
Volume
161
Number 4385
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
8TOCRS—
New
York
Curb
Friday
Range
Allied
Products
Class
A
(Mich)
conv
Altorfer Bros
Co
Industries
Aluminium
'16%
Ltd
Mfg
Book
Central
Class
Jan
35
Jan
Jan
-.//
; Jan
42 3/a Apr
361/4
Jan
117
Feb
193/4
Jan
21
Feb
19%
200
2
Jan
26
Jan
xl07
Jan
300
47%
48 %
A
49%
1%
60
17%
2,000
109% May
21/2 Jan
48%
493/4
Mar
46
Mar
11%
200
45%
50%
Jan
47
HERBERT E. STERN & CO.
Feb
MEMBERS
OF
THE
250
6%
6,600
40%
American
&
42%
5,700
38%
%
2,100
3*2
52
American
4%%
American
&
•
Hard
71/8
Mar
American
400
8%
Jan
101/2
225
41%
Jan
44%
100
47% May
51
21
150
18
243/,
Jan
35
36%
700
32.%
Jan
20%
5,500
17%
Jan
21%
100
25%
Apr
28
59
57%
Chemical
~2%
2%
•
Writing
3
Jan
100%
17,100
Jan
1%
200
Apr
6 % %
Apr
Canadian
16% Mar
6%
6
6%
900
%
25
25
5
26%
~9%
Jan
%
Jan
18
300
27
Apr
Jan
5
1
Capital
3%
300
3
Carolina Power &
Jan
4%
4%
5%
36,700
3%
10%
10%
'1,700
Oil
Ashland
10%
Associated
.
110% Feb
17
17
17%
2,000
xl7
Co
7%
1
-
.73/4
8
3,000
7%
Apr
9%
"l% "l%
Feb
Associated Tel &
•
10%
10%
%
Jan
3,300
~
Tel class A
Coast RR Co
Atlantic
Coast
Coast
Line
pfd—100
Fisheries
Atlantic
Drop Forge
Plywood
8%
'
'
8
common
Corp
Automatic
Voting
Machine—
3 J/4
11%
22
-
13%
14
-
6
6
:
13%
133/a
25%
10%
Feb
171/4
Jan
12
1% Mar
Apr
Feb
101% May
11%
Feb
83% Mar
3%
Apr
12%
Feb
■22
May
18%
Jan
1,700
25%
5%
Jan
6'
Feb
2,500
-
-v
10%
Jan
13%
Feb
125
23
1
Ayrshire Collieries Corp
Jan
Mar
17
Jan
1,300
1,000
13%
a25 %
2 3/a
Jan
6,200
-
6'
-
5
25
58%
21,400
12%
21
I.
-■
•
Avery (B Ft & Sons common
<6% preferred..—
325
3%
Jan
101% May
7% Apr
4,200
11%
1
10
8%
21
.—1
Products
3
3,875
77%
77
***.
3%
Automatic
13
101% 101%
8%
50
'Lil
warrants:
Atlas
'
.
1
Co—
9'/2
10
(A
Jan
16 % Mar
•
35%
34%
36%
291/4
5,000
Jan
for
warrants
common
133/s
de
los
Barlow
&
convertible A
$1.20
Basic
(L)
5
common
7%
Mills Inc
Beauni:
Bell Tel of
&
Jan
15%
Feb
Jan
43
Apr
Clayton
12 3/a
Feb
Cleveland
10 3/4
Apr
12%
Feb
Club
"5% 1%
5,400
Feb
3%
Feb
Cock shut t
(E
Blue
W)
Ridge
$3
115
10
50
Claude
Neon
10%
21%
4
3%
4
& Mach Co com
3%
31
1
31%
13
optional convertible preferred
(S) & Co..
.'
Jan
Community
Apr
Community
11
Mar
•
17
Feb
Mar
Compo Shoe
V
t
c
7%
(H C) Co
common—
16%
1st preferred
100
Borne Scrymser Co
25
_•
Bowman-Biltmore
7%
$5
Breeze
Traction
Corp
Brewster
:;
Class
Co
$3
&
A
Am
dep
Gas
Jan
22%
Apr
Consolidated
Mining & Smelt Ltd
4 %
series B
preferred
British
.
Power
Class
Brown
A
Bruce
(EL)
Bruck
Silk
Co
&
Hill
For
1,200
34%
Apr
48
Feb
Continental
25
&
39%'
H>
2.50
rets..
4
1,400
2%
footnotes
see
page
Feb r(
\ 150
28%
3V8 Apr '7
14% May * •
403/4 Mar
-
Jan
400
33/i
113/4
Jan
5%
3,500
4%
Jan
11%
17,400
46% Mar
Jan
550
4%
8%
107/a
22,200
13
4%
•>:
8
^
1
Feb '•
May
6'/a
May
5%
43/4
£ 13
Feb
•*11% May
53/e
53/e
6
2,400
39%
39%
41
3,600
34% Mar
41%
Apr
80
79
80%
1,110
71
80%
Apr
3/64
58,600
33%
1%
Jan
V
1%
1,800
13%
13 3/a
Jan
1/64
7% Mar
Jan
27%
150
34
1%
Jan
12
Jan
;•
450
113/4
1
V® Jan
35%
Apr
2'/a Mar
1
5
Jan
9%
10
76%
77
130
Jan
67 %
1,000
106% 108
76%
6
6%
6%
*
Feb
43%_Mar
10
May
Jan
77
May
Jan
118
Jan
106% May
5% Apr
110
116
107
2%
Apr
7%
500
93/4
13% Mar
Feb
41 %
3,000
Jan
7Ve
Jan
3,225
43 %
Jan
65
9%
900
8%
Jan
103/a Mar
"2% ~2%
1,200
2%
Jan
22V*
2,600
18%
Jan
65
58%
62
9
—
115
5%
/' 5%
18%
18%
100
111%
•
19%
_•
8 3/a
7%
prior
Co
preferred
Apr
4%
23%
Feb
Cook Paint & Varnish Co—
J an
19
Feb
Copper
May
43%
5,100
Jan
■
Feb
117
May
3% Mar
~ 4%
35
8
3%
Feb
5%
111% 1113/4
22%
22%
10%
Jan
Apr
Mar
18%
May
35
21
200
900
26%
2,500
4%
36
IV/2
233/4
113% 114
13%
13/4
4%
13%
Jan
40
108 %
19%
15
150
9%
19
Jan
6%
Feb
Jan
4,900
2,600
19% May
Range
Co
8 3/a
Jan
113
Apr
Jan
„
3,200
200
3,600
14%
1%
3%
3%
4
Jan
May
223/4 Mar
Feb
22
Apr
Jan
22
Apr
5%
Mar
Apr
6
Apr
21
Mar
Jan
23/4
7%
Jan
27
20
Feb
26%
Feb
93
33/a
33
10
Jan
Mar
Gold
Mines
20 3/a
Apr
Jan
9%
Jan
Corr */on
Petroleum
—....1
.
•
preferred
.
Courtaulds Ltd—
21% May
2
110
84
5%
3%
Co
1
Feb
Crown
Cork
International
Feb
Crown
28%
30 34
1%
1%
1%
Apr
Jan
Apr
Feb
Jan
123/4
Feb
6%
6%
6%
300
111%
Jan
3,200
103/4
64,500
500
Jan
24
114%
Drug Co
(Md) —.5
A—
9%
10 3/a
$6
3%
Jan
'9%
9,300
17%
50
17%
•
•
-25o
preferred
Oil
Refining
preferred
common.
3%
253/4
Feb
Feb
Feb
38
Mar
10
•
3%
'
May
3%
Mar
11%
Jan
9%
Jan
19 %
Feb
15
Jan
"
3%
Jan
Apr
500
2%
Jan
44
48
30
Sugar
5
23%
23%
24
11,000
common
♦
14%
14
14%
common
9
73% Mar
25%
Atlantic
Lighting Inc
Curtis Mfg Co (Mo)
1%
200
Tobacco
400
Feb
'
4%
27
Feb
49
283/4
Jan
13%
18
Jan
Feb
May
6%
Jan
10%
Jan
13%
Feb
31
f
:
Feb
4% Mar
32
Apr
22% Mar
4% Mar
2.50
31% May
Jan
"4,100
Cuban
10
Jan
1
*
4'
26
Cuban
Curtis
9%
500
9
"5%
—.25
common..
convertible
Crystal
109
Jan
25% Mar
12,000
7,200
'
r,a»
33
400
10
9%
28%
•
Petrol
10%
Jan
Milner & Co
Cent
Mar
50
4
Jan
2 3/4
200
35%
35
Jan
,
Crown
37
20%
Crowley
u
102
3%
50
dep receipts (ord reg)__£1
Petroleum—————.
.5
Brewing
14% Mar
2,600
101
American
Croft
U Feb
100
3%
iV
3%
1
common
convertible
Ja.i
21%
3%
•
&
Reynolds..
$6 preferred A
Cosden
3,700
21%
5c
Coro Inc d
Feb
Jan
12,700
1 6,700
8%
Apr
7% May
500
9%
11
7,400
6
19%
25%
'
25c
2137.
22%
433/4
43%
12%
1
Textile
Consol
Jan
91
1%
Jan
42%
10c
Apr
15
24%
14
Feb 5 f
19%
150
Jan
20%
20
21
22%
9%
Jan
3
''
11
Apr-'
11%
Jan
2034
6,300
5% Mar
'
Feb :)
Jan
l3/a
~2%
19%
/*'
(
123%
Jan
8%
•
19%
"4%
.
;j
8%
3,400
20%
2%
10
2,300
12 %c
common
3
Consolidated
17%
35
•
Sullivan.
20%
Consolidated
Power—
1
20%
Feb
23%
22%
..6
{
May
123/4 May
9
Apr
Cornucopia
■
Feb)
Feb
132
1103A Mar
60
11%
;!
Gas & Electric Cc—
35%
63/e
•
preferred
CP
Fdy & Machine Co
•
East
Burma Corp Am dep
Burry Biscuit Corp
Butler
Continental
2%
I
common
Ltd
preferred
Bunker
May
*
common
Mills
Niagara
1st
2
24 '
Buckeye Pipe Line...
$5
14%
Jan
17
.
$1.60
Jan
%
4%
1
prior preferred
Buffalo
12%
common
Distillers
122
103/4
.100
.
100
preferred
Brown Rubber Co
preferred—
Royalty Oil
Steel Corp
500
.10s
*
Jan
35%
1
1%
M-
Forman
Stores
13%
—,
Brown Fence & Wire
Retail
35%
120
Creole
A.
«Jan
11
•
1:
Feb
213/4 May
'
Jan
_£1
class
117
700
425
1
Jan
_£1
dep rets ord reg
B
8%
Utilities
32
5%
reg.—
Ltd—
122
I 1,600
123/4
12%
119
16% •'Jan
•
May
14%
1%
Jan
130%
125
Apr
38
?■
Jan
85.
5,100
100
110
"7%
•
v
30,600
—100
C
100
—.•
—
-i
.
225
213/4
14%
4
common
preferred
series
150
Tobacco-
Columbia
:. Class
17% May
'.
34%
_•
Co..
;
■'
r i.
Feb
Apri1
122%
Apr
7,400
106
Apr
12%
Feb
12%
1 j
21
Jan
34%
•
Co
119%
3%
4%
Jan
Jan
12%
Feb
75
„•
Consolidated
<iVa%
Biscuit
17'/a
"
8%
J
5%
16% Jan
850
1%
105
-19%
__1
*
Feb
Jan
500
39%
common
57%
Feb
•
•
ord
rets
Celanese
Amer
$5
—
dep rects ord bearer
Am
British
1946
preferred
22%
17%
1
-
American
■
3%
Oil
9%
to
Coke Secur
13%
—
36
1
common
British American
British
—
Lgt & Pwr
common
Aeronautical
Mfg
1,200
300
20%
57-/1
1%
25
34
■
'loo
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo
17% '
11%
20'
4% Mar
12
...
116
—
common
1st preferred..
2d preferred
Brazilian
—
4,400
137/a
wanants—
1%
Inc
Bourjois
116
4 3/a
Marfl
Machinery—
extended
Gas
Conn
Southern
Public Service.
Water Service
Consolidated
Bohack
303/4 Mar ;
30% Mar
39
100
&
Jan
15%
21 3/4
Feb
Jan
2%
preference
Consol G E L P Bait
900
20%
203/4
"
Apr
Electric—
Apr
51 4
T
22
38
20
-
Mar
350
54
76
125
:>
14%
25
5%
Jan
Apr
Apr
243/4
-Apr
39
warrants
Arms
13
3%
65
22 /
13%
4%
28%
15%
9,400
4% May
32
Mar
185
•
Jan
10,400
4%
>
.
Apr
1,130
_•
Jan
28%
U Apr
21
:
143/4 May
122 %
1,550
37
100
Co
Consolidated
3,100
32,600
•
common
143/4 Jan
13%
52%
1
46%
46
Jan
43/a
4%
*
Blumenthal
5%
26%
28
1
5%
&
Gas
149 %
May
10%
1
—
common
Columbia
Commonwealth
12%
•
Jan
;> Feb
v
13%
.1
Fire
Feb
Jan
12%
118
71%
37%
1
Airlines
Patent
Mar
15
•
Mar
Colonial
10%
36% Mar
l7/a
125
Feb
24%
Mar
12,800
1
Csj
18%
Jan
Jan
Apr
112
Development ordinary
Jan
30
480
"2% ~2%
—
•
common
Co
Colorado Fuel & Iron
145
Apr
107
«
Corp
Utensil
Plow
Colt's
900
.1
—
Coal
Aluminum
Feb
18%
! !
Feb
120
Apr
10%
——.1
Inc...
Jan
9
-10Q
Feb
9%
•
243/4
4%
•
Illuminating—
7%
•
25
i
26% Mar
10%
Jan
104%
75
11%
1
Mfg
Electric
113/4
300
-
1
;
Lights
Lambert
&
Apr
Mar
7%
I
Feb
23
/
.10
Co—
Jan
106
19%
Jan
Mar
67
•
53/4
3,2u0
Jan
73/4 Mar
200
,
,,
4%
23
•
15%
100
6 3/a
21%
•
—
common
Corp
115
•
common——.—
preferred
Birdsboro Steel Fdy
Blauner's common
Bliss
18
'5%
100
Berkey & Gay Furniture
Bickfords Inc
17%
10
23%
100
8% Mar
1
common
Hedges
-!■
1
Canada
Convertible
Controller
Jan
6
121
3%
Auto
10%
—
143/4
120
5
preferred BB
Jan
114% Mar
.7
•
-143/4
121
4%
..
Apr
May
118% May
1
Mining
/
115
Jan
v
10
preferred
preferred B
41
10
common
Aircraft
Bellanca
Benson
200
24%
SChilds Co preferred
200
.-100
1st preferredBrummel Ties
Beau
106% 106 3/4
.100
Cities Service common
19
48 %
Feb
14%
1,600
71%
common
Feb
May
8%
3,200
8%
Cherry-Burrell common
5
Chesebrough Mfg
25
Chicago Flexible Shaft Co common!—•
Chicago Rivet & Mach
4
900
•
42%
57: 600
8%
common
Consolidated
16%
8%
100
29
Jan
Feb
8
Co of America
Corp
12
112
8%
24%
ser
3%
18% May
33/
100
9
8%
100
Jan
Jan
Mar
24
100
opt div
Chamberlin
1%
90
3%
pfd
14 3/8
1
Jan
May
16%
50c
Conv
Colon
common
6%
110
9
preferred—j.100
6%
Cessna Aircraft Co
Clinchfield
Refractories Inc——
Baumann
nf<3
ser__
12 %
3
Apr
90
100
Utilities
opt div
"33/8
1
Corp..
Seelig Mfg—
Jan
220
v
Light 1%
West
pfd
42%
—
Steel
6%
48 %
•
com
preferred
13%
10%
Jan
Jan
16%
100
18%
113% 113%
Proaucts
Conv
ii
13,700
Apr
26
36% May
Andes—
shares..
American
Barium
&
South
§Cent States Elec
42%
■
1
common
108 %
113%
.1
Elec
&
Power
Steel
Power
12%
30
Co
Jan
Apr
48
Stamping
•
City & Suburban Homes-*———10
"
Banco
America
Gas
York
&
Clark
preferred
Rubber
of
pfd
60c
83/4
110
110%
5%- pfd—100
1
$6
Jan
28
—10
Ohio
Feb
B
Babcock & Wilcox Co
Purchase
Co
New
Jan
Jan
22% May
6
100
Central Maine Power 7%
18%
Jan
25% May
33,600
Central
City
Baldwin Locomotive-
7%
3%
•
Hudson
26
Apr
8%
6% Mar
100
18 3/4
com.—..........1
&
Corp
;$6
Baldwin
M)
Catalin
Chief
6 %
23/4
Products
Castle
cnaris
Apr
9% Mar
10'/a
5%
•
Casco
7%
£1
"l'/a
Atlas
113 % May
23V4 Jan
4
Jan
Jan
20
25
18%
preferred
Centra)
•
Atlas Corp
$6
26
6 %
Light $7 preferred—*
Carter (J W) Co
Central
Relining
&
Feb
Works
dep rects reg
Birm
11
to
Associated Laundries of America
Atlanta
Mar
Electric Industries—
American
51/4 May
51/2 May
Jan
103/a Mar
Jan
Co
Central
2.50
Metal
&
114% Mar
9%
26
18%
Carnation
Apr
7% Jan
3% Jan
26
•
Feb
273/4
3,400
20
•
common
4
Jan
12,000
13,700
73/4
6%
•
Jan
5%
Jan
„•
•
A
201/4
8
8%
22%
1
class
111 %
4%
6%
•
Products
Co
&
300
7%
33/4
5.
Alcohol—
Central
changed
Art
City
300
4%
f.
100
2,600
!
Class B
•
100
X9.%
8%
108%
25
„
Canadian Marconi
27
3 % Mar
..—.100
Feb
201/2 May
3%
,9%
22%
22%
voting
Apr
Works
Ronson
non
6%
x
33/4 Mar
Jan
Industries Ltd—
10%
26%
Jan
l3/4
♦
preferred
Jan
•
10
Equipment Corp
Name
7%
Jan
Arkansas Power & Light $7 preferred-*
i
Class B
Canadian
3%
112% 113 3/a
—
High
2
9%
8%
5
voting—
5%
18%* Jan
100
X9%
9%
—
1
.
Ltd
Industrial
A
1,300
25
1,500
2%
100
2,000
20%
3%
3%
1
Foundry Ltd—
preference
53%
7%
Art Metal
Class
Mar
*
preferred..
Car &
10%
33/a
'26%
•
pfd—100
non-voting
Co
5%
20%
Low
23/4
10
Corp
9%
£ 1
Range Since January 1
High
2%
£1
preferred
Canadian
'
pfd
Power
Insurance
Participating
128% May
Jan
4%
"
3%
50o
Estate
Cement
Carman
Arkansas Natural Gas. common
A
61/2 May
% Feb
Jan
120%
3,500
4%
43/4
•
i
common
43/4
12,800
75
Fire
Canada
48
dep rets 5%
Electric
Tungsten
Apr
Jan
preferred
Paper
Callite
31/4
Jan
•:lV:
Low
50c
certificates
Sugar
Calilornia
35
41%
•
5%
American
Calamba
Jan
13%
U
Shares
Wireless—
Camden
200
A
trust
&
Apr
12,200
128% 128%
Electric Products common
Voting
Cables
105 %
I6V4
—
Aro
Mar
46%
*
Appalachian Elec Pwr 4%%
6%
70
15
Angostura-Wupperman
Apex-Elec Mfg Co common
class
Apr
Mar
10c
com
Cable
361/2 May
Jan
31
for Week
•
2
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
„
Common
Feb
451/2
Fence—
Post
51
40
34%
Mar
15%
common
Corp
Thread
325
Range
of Prices
Apr
10
preferred
$6 series preferred
American
59
1051/4 105%
1
$6
American
26
34%
Seal-Kap
Superpower
Anchor
19%
Sales
Last
Par
Feb
20%
26
Week's
Friday
Sale Price
Exchange
213/a May
101/4
19%
Curb
1133/4
481/4
25
York
361/2 May
Feb
Jan
42%
25
Republics
American
Jan
Jan
47%
Co__
&
17%
31
111%
42%
100
..—...—...—100
Potash
American
1st
10
Meter Co
American
50
20
.———.
Maracaibo
10,100
New
% Mar
25
Co
Laundry Mach
American Light & Trac common
6 %
preferred
American Mfg Co common
Preferred
3,400
36%
Y.
Mar
441/4
43% Jan
:;Z 4
Jan
1
preferred
Rubber
21%
1123/4
35%
10
Corp common—10c
preferred
1
American
American
20
112
General
American
Amer
36%
100
convertible
$2.50
20%
10
common
Electric
convertible
$2
Hoe
&
Gas
preferred
EXCHANGE
Jan
Jan
%
Foreign Power warrants-
Fork
American
CURB
Jan
481/2
Jan
/%
41
10
common
YORK
New York 5, N.
STOCKS
Cyanamid Co
NEW
17% May
Jan
46%
5%
~6%
1
American
request
30 Pine Street
25
Class B
on
May
86%
with Long Dividend Records
/ Jan
86%
50
2%
15%
1,150
*jight—
A
New York Curb Exchange Common Stocks
9
112%
17
17%
List of
May
34% May
100
;
25
&
High
Jan
•/
450
109 % 109%
1
Power
30
6,400
104 % X107
1
Mfg
class
25
20
*19%
104%
100
Co
Cities
29
42
20
*
Beverage common
Convertible
41
„—.100
American
34'/a
500
113% 114
•
common
common.
American
American
41%
•
preferred
American
Low
35
81/4
100
Goods
Aluminum
•
33%
34%
•
preferred
Aluminum
11
MAY
Range Since January 1
Hijh
—•
common
Aluminum Co common
6%
35
25
common
Shares
Low
10
EXCHANGE
ENDING
for Week
of Prices
Sale Price
Par
WEEK
Sales
Week's
Last
Exchange
FOR
2133
Mar
Fe*b
14% May
1%
Jan
2
Jan
3
Jan
4%
Apr
4%
Jan
6% Mar
'■7.
•'
■
'
Davenport Hosiery Mills
Dayton Rubber Mfg
Class
A
convertible..
D
.J--
..1
27%
27%
28%
2,550
.35
36
36
37%
150
Jan
31%
Feb
%
Jan
29
Feb
35%
Feb
40% Mar
22
I
THE COMMERCIAL & FINANCIAL CHRONICLE
2134
EXCHANGE
NEW YORK CURB
RANGE
Last
Range
of Price*
Shares
_50c
.
,
~9%
Gray
Detroit
18
Jan
100
16
21
6%
7%
1,200
6,300
30%
Steel Products
De
9
Iron
6%
31%
500
1%
5%
18 %
21%
21
18%
Diamond Shoe common
18%
Corp
21
19%
•
2J
1,500
Hearn
Apr
Apr
Jan
Jan
7%
Jan
27
*
6%
Feb
11%
Apr
18
Jan
24%
Apr
13%
Jan
20% Mar
.
16%
1,200
11%
Jan
17%
30%
4,000
20
Jan
30% May
5% Feb
Horder's
28%
Apr
Hormel
7%
Feb
Horn
(A
Horn
&
Horn
&
4%
4%
4%
class A com—
1,300
6%
..25
Apr
Apr
Hollinger
(Geo A)
Co
Jan
50
Jan
Hubbell
(Harvey)
Jan
95
Apr
Humble
Oil
8% May
,10
Jan
Hummel-Ross
ll7/s
Jan
14%
Huyler's
1st
&
East
prior preferred
preferred
Eastern Malleable Iron
Eastern States Corp
$7 preferred series A
'■$6 preferred series B
Eastern Sugar Associates—
1
>
$5 preferred
•
Easy Wasnlng Machine B
•
Economy Grocery Stores
IIIb
Electric Bond & Share common—
•
$5 preferred
•
$6
preferred
-----Electric Power & Light 2d pfd A—
Option warrants
1
Electrographic Corp.—-
'
51/2%
75
1,100
1%
Jan
2
Feb
5%
47% May
58
Feb
Dividend
pfd__,
Derrick & Equipment
$3
41%
11%
10%
11%
2,800
8
Jan
Jan
11 %
18%
50
17
Jan
20%
Am
Mar
12%
100
95%
Jan
100
Jan
101 %
\l
1%
14%
Jan
105
Apr
14%
%
7,400
*
Jan
fe Jan
75%
Jan
45%
46%
500
9%
9%
600
29%
29%
150
'"
—
1
65%
65%
67%
2,000
;
105%
Jan
11
20
8,400
46
Apr
Apr
Feb
7%
Feb
—-
124
May
30% Jan
126
Alay
•i.—'
34
33
33
225
Z-.
111
112
100
110
Mar
100
23
Jan
43
Mar
"V.
26%
45%
45%
26%
47%
3,300
7%
'■>. 17%
4%
—
'
4.100
4%
32
■■
3,800
650
i-A- '''
:
113
28%
50
8%
7% May
3,500
32%
4%
'
.
7%
18%
7%
17
4%
Jan
3%
28
■
Z
Feb
17
Mar
21%
21%
5,100
14%
55%
58'A
2,500
53
Jan
58'A May :
18%
19%
3,200
15
Mar
20
16
15'A
16%
4,700
13% Mar
1,900
Jan
Canada
of
Britain
Great
6%
preferred..
Apr
46%
Jan
6%
1,300
13%
13
11%
400
13
12%
11
—
—
of
North
May
Feb
series.
9% May
International
Jan
14
Jan
13% Mar
12
May
Mar
Mar
x
Jan
28%
113 % Mar
115%
110
52
64
65
180
57%
Jan
1
'2%
2%
400
Feb
Feb
71
Feb
3
*
Jan
2% Mar
2% Mar
3
Jan
68
650
55% Mar
68
Apr
98% 100
300
85
Feb
100
May
19% Mar
22%
Feb
19
Jan
31%
Feb
—
—
65
99%
10
Apr
68
Jan
*
21%
21%
100
.50 <
28%
29%
2,100
Hydro Electric—
Preferred
7
63
•
Cigar
Jan
62
.100
America
130
113% 114%
1
Co
17%
Jan/
26%
114
100
100
;
International
47%
Apr
Insurance
25% May
Jan
&
common—.
c
International
Jan
7% Mar
t
v
preferred
Feb
2%
29 Vh
13
—
preferred. 100
Apr
Feb
12
1% Jan
43
200
7
6%
•
•
5
coupon
Industrial Finance
108'% May
24%
32%
68
$3.50
Machine
Metal
—
Industries
20%
Feb
24% May /
15%
16
2,300
9%
Jan
16
Ma j#
20%
•
A
21%
5,500
18%
Jan
22
Alar
iZfm
19%
Jan
21% Mar
Mar
13
--
—
—
International Minerals and Chemicals-r-
Feb
Warrants
May
—2.
.—
International
Petroleum
coupon
20%
shs_.•
'
Registered
shares
International
F
5
Warehouse Co
Federal Compress &
Association (Phila)
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of Canada—
Class A non-votingClass B voting
Ford Motor of France—
Amer
dep rets bearer
Fort Pitt Brewing Co
Fox (Peter) Brewing new
Franklin Co Distilling
A
100
43%
4,200
19
22%
10,100
73
—
.11
6%
7%
10
May
Apr
38 %
Feb
52%
Apr
9%
Jan
May .••*«
65% Jan
1,900
5%
Jan
4,000
7%
22%
Jan
24%
25%
Power
1
*
Equipment
preferred
$7
2%
700
31%
700
52%
50
52V4
50
375
27
22%
Jan
26
27
May
4%
4%
200
3%
Jan
5
300
5% Mar
7
28% Apr
34
4
'
600
300
4%
13
12
2,300
19%
19%
19%
1,050
23
23
24%
1,150
3%
Jan
Jan
4%
Apr
12
Apr
13%
Apr
17%
Jan
Jan
25
73
Apr
77
98
Apr
—
Jacobs
Co—
Glass Co
5%
1
Jan
87% Jan
Jan
Apr
4% Mar
1%
Jan
3%
2
2
—
88%
3%
300
"3% "4%
oa^
10'A Mar
3,200
1
i f.
6%
preferred—
7 %
preferred
Julian & Kokenge Co
dep rets ord reg
preferred series A
General Fireprooflng common™.
Gen Gas & Elec $6 preferred B
5%
General
Outdoor Adv 6 %
General
Public
General
Rayon
pld
stock
A
General Shareholdings Corp
$6
£1
1
10
•
•
100
17%
•
,'Z:
17%
100
I6V4
7%
8%
7,600
6%
Apr
8%
~8
Feb
21%
400
22%
com
preferred
convertible
•
1
•
Electric common—1
preferred.
•
Geoigia Power $6 preferred
•
Gen Water Gas &
Feb
•
•
preferred——
(A C)
Gilbert
common
18% Jan
17% May
8% May
9%
23 %
141
10
132
Jan
104
104
50
101
Jan
104%
84
•;
Jan
107
145
1%
—
~3%
102
101
1%
102%
18
18
1,700
,
.
240
100
Jan
2%
2%
Jan
4
Jan
104
92
13% Jan
19%
52
—
Gobel
(Adolf)
•
1
Inc common
Goldfield
Mfg
$3
1
Mines
preferred
—.
53
Jan
Apr
May
Apr
May
Jan
15%
15%
16%
1,000
15
Jan
12%
19%
Feb
20%
3%
—
22
3%
"%
300
13
97%
Great
Pacific
Klein
Gulf
Stores
State
28
Gypsum
•
Products
Utilities
46%
46'/2
8%
135
4%
64
Mar
Feb
Jan
24
Jan
Jan
113
Jan
%
Jan
Feb
39%
Feb
7%
Jan
13%
Mar
1
50
a%
Jan
Jan
51%
Apr
39%
Jan
50
Feb
7% Mar
9%
Feb
10%
Apr
15%
Jan
600
86
Jan
103%
Feb
325
135
3,100
135
pfd
Lime & Alabastine
100
138
Jan
35% Mar
37
37%
200
13
12%
13%
8%
2,800
400
7%
Jan
113% 113%
20
110%
Jan
8
Feb
8
•
10% Mar
140
Feb
38%
Feb
Hamilton
Bridge
Hammermill
Hartford
For
Co
105% 105%
50
104
Jan
107%
Feb
109% 110
20
108
Jan
110%
Apr i
110% 112
220
Paper
Electric
footnotes
17%
17%
1,000
32%
32%
33%
650
62%
62%
,^_100
52%
;
page
2137.
M
400
9%
Jan
6
11%
Apr
114
22%
Feb
Feb
Apr
13
118
34%
«
30
52%
Jan
63
Feb
53%
130
43%
Jan
55
May
4%
3,400
3%
Jan
5%
Feb
7%
800
7
Apr
9%
Jan
1%
3,500
1?
Jan
1% Mar
600
15%
16
16%
15
——
15%
•
Z-
.
Jan
25%
"1%
"1%
10
Feb
Apr
7
7
1
Apr
12
8% May
18
•
4%
1
Jan
17% May
Jan
28% Mar
4%
—
1
'
800
Jan
17%
Feb
16% May
'
•
•
'
4
17%
Jan
14% Alar
17%
Jan
48
Mar
63
Apr
99
Jan
100
Jan
400
9
Jan
11%
■
—
—100
1
Co
9%
9%
Feb
141%
Ltd
77
100
58
Jan
77
May
77
400
57%
Jan
77
X22 %
21%
23
14,100
15%
Jan
23
May
May
I
5
100
4%
X4%
5
2,900
3%
Jan
9%
4,700
6%
Jan
109%
Apr
:
...
77
Lakey Foundry & Machine—
Lamson Corp of Delaware
Bryant 7%
Lane
Wells Co common....—
preferred.—
1
—
Langendorf United Bakeries class A
7%
8
15
15
6%
6%
Lefcourt
Realty
Convertible
Leonard
Oil
(R
G)
6
Inc 6% preferred
(Thos J*
4%
58%
1%
Groceterias
Class
...
Locke Steel
Land
Louisiana
Power &
Corp
6%
Feb
Apr
7%
Mar
&
4
Mar
7%
Jan
100
48
Mar
62%
Jan
2%
Jan
1%
1%
17,100
1%
Jan
37%
300
28%
Feb
37% May
16%
2,000
13%
Feb
16% May
17%
17%
600
_3% ~3%
400
14
Jan
19
Feb
27%
Feb
30%
Apr
2%
Jan
4%
24
24
Mar
Jan
21
21%
150
18%
Jan
22
10
12%
12%
12%
8,000
10%
Jan
12%
*'8%
: 8%
9 Ve
4,900
8%
Jan
11%
Light $6 pfd
•
—I
common
Feb
Alar
•
*.—1
—
common
Feb
500
Exploration
Chain.—
Louisiana
Lynch
5
17
30
13% Mar
25% Jan
58%
A_—..—.•
Class
B
200
Apr
15%
Brothers common——.———
Loblaw
1,400
G%
Feb
11% Alar
109%
37%
15%
10
25
Corp
Lipton
4%
1
Inc
Material Co
Lionel
Lit
•
25
Development
Le Tourneau
Line
_1
common
preferred
16
•
5%
—5
21
110
37%
Feb
39%
300
32
112
Feb
Jan
Feb
Feb
Alar
39% May
Feb
10
76%
76%
.1
100
J)
deposit
Mines
9*!4
Feb
M
Manatl Sugar optional
warrants.
2%
12%
6
Feb
Apr
20%
convertible
(The B)
Internat
Communication
28
28
50
27%
Jan
31%
Feb
54%
10
53%
Jan
55%
Jan
Marion
Steam
2%
900
20%
800
Jan
Jan
•
3
Jan
22% Alar
135
Alar
•
Co
Mfg
2% Mar
14%
104
Co
17
Alar
18
Alar
•
33
Jan
38
Alar
£1
6
Jan
21
Apr
Marine
Co
Margay Oil Corp
54%
2%
20
preferred
Consolidated
Marconi
10
see
Feb
6%
Feb
116%
__
•L.
1
(N
of
Certificates
Lake Shore
25
Light
Xl08% Mar
21%
25
pfd B
1st preferred
RR
Lackawanna
Manischewitz
11
I.*
Ltd
13% May
Jan
1,000
Inc
Stores
Brewing
Kreuger
Mapes
I
Jan
4%
109%
1141% Mar
H
Co
6 % May
11%
500
8%
Co common
Rubber Co
(I B)
convertible
4%
$5
Lamp
•
11,400
20%
Mangel Stores
Hall
Feb-
4% Alar
Jan
8%
Corp common
May
13
37%
common__25c
$4.40
10%
Jan
•
-»4
20%
Emill
(D
Kleinert
Lone Star Gas Corp
100
Paper
Greenfield Tap & Die
Grocery
3% May
48% Jan
Tea—
stock
preferred
Northern
Jan
47
—*
12
&
common
22
9,000
93
1st
1,000
10%
12
7 %
300
""%
93
Co
Atlantic
15% Mar
19% May
17%
39%
l°o
10
•
Mfg
12,100
109
21%
~8%
Non-voting
Jan
19% May
21%
1
D
Great
23% Mar
Jan
1
105%
.
Apr
Alar
114
10
Gray
Jan
9%
Feb
110
common
Mfg
419
Mar
Jan
Grand Rapids Varnish
Gorham
475
3,500
Kresge Pept Stores—
109% May
50
•
Co
Inc class A
.r
600
,
5%
5
G M Co Ltd
Kobacker
111%
•
Consolidated
Goodman
Gorham
3%
100
Co
&
Lighting 7%
5% preferred D.
Kingston
Products
Kiiby Petroleum—
Feb
20
•
preferred
..
9%
i
13%
•
~Z
Kings Co
Jan
110
110
20
$7
Feb
5%
—
Knott
113% 114
•
Sugars class A
Godcnaux
Feb
Apr
1%
K
Apr
75
Coil—Z——IIIZIIIII—•
Gilchrist
'Gladding McBean & Co
Alden Coal
1%
36%
12%
5%
13%
5
L
Inc
Lane
■.Glen
Jan
Jan
% Jan
'
*
$3
$5
Jan
141
■
104
Service $6 preferred—*
Co
1%
17%
-
2,600
preferred. ...100
Kansas Gas ft Elec 7%
Kennedy's
Klrkland Lake
General Finance Corp common
Mar
6%
6
Apr
Gen Electric Co Ltd—
Amer
'■
•;
11
1
•
Mfg Co common
Alloys Co
General
'
9V2
100
preferred
53 %
'
*
Gellman
23%
9%
.3
pfd__100
——100
100
*
Jersey Central Pwr & Lt 5%%
Key Co common
Kidde
(Walter)
•
Feb
Jan
1,500
x23
23
*
(F L)
Engine Co-
Ken-Rad Tube & Lamp A.
common
Jan
31% May
51%
600:
%
19% May
17%
55% Jan
Jan
3%
Jan
Jan
'
ii
1
1
Aircraft
Jacobs
Jeannette
Feb
30'A
!'
Mar
5%
28%
r
12%
Co
Power Co
36
35
2%
23
Apr
May
G
Gatineau
200
1%
.1%
,
35%
9
1,200
30
30
Royalty..
—.
—1
Iron Fireman Mfg voting trust ctfs—•
Irving Air Chute
.—3
Italian Superpower A
—*
Apr
x5%
stock
convertible preferred
Home
Interstate
Jan
7%
—
9%
2%
•
15
Investors
22% May
24%
com
Corp
preferred
Interstate
Jan
75
Utilities
$3.50
9
.■44
26
25
25
conv
4%
3
16
13% Feb
4%, Jan
17% Jan
24
Stores
Froedtert Grain & Malt common—
$3
3,300
16%
73
.22%
.10
Franklin
(Geo A)
3%
3
16%
11%
Safety Razor B
International
-
43%
—25
Fire
Fuller
2,600
41%
16%
e
—
Fedders Mfg Co—
"
•"
3%
.1
Metallurgical.....
Fansteel
l 12
•
.10
Products
International
11%
__1
Brewing
Falstaff
•
.—1
Inst Co
Airplane
Falrchlld Camera &
Fairchild Engine &
•
...
Shovel
Ltd
•
23%
•
9%
23%
150
10
200
8%
*
>
Jan
-
—
55%
17
14%
.
32% May
Mar
;
.
Feb
Mar
18% May
Jan
10%
Jan
Jan
Feb
16%
£1
preferred
7%
2%
11
18%
Common
1%
Jan
Feb.
Industries—
(Can)
Service
40%
108% 108%
"l %.
Indiana
75% May
5
Jan
8
£1
27% May
3,250
40%
33
•
Tobacco
Jan
72
Feb
Mar
May
•
Ireland
J all
46,400
15%
50
—•
Indianapolis P & L 5%%
15.
450
27%
—
1%
15%
Imperial
49
39%
69
18%
Jan
16%
dep rets regis
35% Jan
38
12
Jan
100
9%
9%
—
Co
Chemical
11%
25%
.100
Zinc
100
39%
Jan
37
■
Registered
Mar
70
330
9%
14%
'
ctfs
Imperial Tobacco of
Mar
97%
104
*
—1
common
arrear
Imperial Oil
13% May,
9%
800
1,500
99
100% 101%
100
39%
Jan
88,200
13%
97%
13
97%
100%
41% May
•,
preferred
conv
Illinois
Feb
18%
26%
Inc common.—-
Eversharp
Illinois Power Co
Feb
42%
—50
Pipe Line common
57
■-./•y.'-y :
—1
Esquire
May
47%
.—1
common
convertible preferred
47
44
975
27% May
Apr
Imperial
.100
Equity Corp
Eureka
275
49
48
49
25
50
50
..50
District Electric 5%
Empire
Emsco
1%
1%
-10
——
37% Mar
1,300
34
-IB
preferred
conv
60
Jan
350
59%
f
24% May
Jan
91% May
Feb
91%
34
~
Co
Feb
46%
91
56%
'
Elgin National Watch
Elliott Co common
78%
33 %
91%
%
Jan
Jan
Apr
Jan
58
Gas & Fuel Assoc common.
4 %
Q%
18%
14
•
flygrade Food Products—
3%
2V»
3%
1,700
Jan
'
5
1
Jan
9
19%
•
—;
18
Jan
33
800
Securities
Mar
2,800
5
common—
Electric
Apr
Mar
3,900
21,500
«
*-•
Jan
106
27%
17
Cot?.—.
13%
Jan
41%
23
12
Co
1 <
Feb
Apr
15
Jan
5%
600
May
12%
26
Jan
17
—-
11%
Refining
Fibre
14%
11
103%
.
24%
52
20% Mar
38%
41
•
Inc
Ligonier
3
3%
'
16
preferred
Hydro
,
w—
8% May
Jan
X25%
X25%
"1
preferred
Hussmann
Feb
70
—
ZI100
Feb
200
13
13
Duval Texas Sulphur
700
16
Hardart Baking Co
Hardart
82%
4% May
50
12%
11%
•
common
Apr
Jan
14%
•
Si Co common
74
3%
14%
7—«
5%
2,900
4%
'3%
4%
.1
common
400
8%
8%
class B common.
Hosiery
Jan
150
fi
M
4% Mar
Jan
8%
1.600
—
10
Inc
C)
48%
12%
-3.50
Consolidated G
Co common
Holophane
38%
"io
Harris Co
Test Corp
Apr
320
52
104% 104%
104%
B
common
class A
Co
84
Corp
50
78%
78%
Duke Power Co——.—
Duro
4%
25% Mar
Ltd.———Dominion Steel & Coal B
Dominion Tar & Chemical Ltd
Dominion Textile Co Ltd
Driver
&
16 y2
Dominion Bridge Co
Durham
(R)
6%
11%
ZZZZi
Hewitt Rubber
28%
common
Domestic Industries
Draper
—
Common
Hoe
Corporation
Co
common..
Feb
Jan
3,700
26
ZZZZ2
—100
preferred w w
...*
Henry Holt to C« participating A.
Co
8%
36%
8 Tb
11%
•
5%%
Jan
600
25%
.
Feb
Heyden Chemical common
dep rets ord reg
Am
Dobeckmun
....
Heller
26%
Jan
3,000
51
52
'mrmi
-■
4
7
8%
31%
8%
11%
•
•
Class A
Mar
*
—aoo
__
Jan
30% Mar
100
4
High
2% Mar
1%
7%
8%
50
*
..._
Rubinstein..
1,200
30%
••
'
ZZZZs
Low
2%
4
4 -
Range Since January 1
High
2%
8
''
*
preferred
Mining Co..
Helena
Distillers Co Ltd—
Divco
Low
2%
B non-vot com—1
Corp
34% Mar
Jan
Apr
Shares
l
Co
Brewing
Dept Stores common
Hecift
2% Mar
10%
preferred
Diana Stores
Jan
1%
Harvard
Hazeltine
Jan
.
for Week
ctf« li-I"
voting trust
Rayon
Hat Corp of America
Feb
142% May
ll'/s
25%
Vilbiss Co common
X -1%
Feb
92
Apr
Sales
Range
of Prices
Exeheng*
Par
Hartford
Apr
9%
Jan
Apr
100
/
X21
1%
Foundry
Detroit Mich Stove Co common—
tietroit
5%
9
Apr
82
1,500'
9%
18
X21
preferred
6%
60
—
'
"
1,200
7%
138
87
9%
Derby Oil & Ret Corp
Gasket & Mig—.
Detroit
..
7%
88%
67/a
1,900
.100
debenture
v
7%
»
—50
prior preferred
£6
8
8 %
8
8
Curb
Last
Sale Price
York
High
Low
Week's
Friday
8 1 O V K »
New
Range Since January 1
High
Low
Par
Dejay Stores new common
Deimison Mtg class A common
ENDING MAY 11
for Week
Sale Price
Exchang#
Curb
WEEK
Sales
Week's
Friday
STOCKS
N«w York
FOR
Monday, May 14, 1945
6%
29
Feb
Alar
11% Mar
.
Volume
161
Number 4385
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK CURB
RANGE FOR WEEK
STOCKS
New York
Curb
Week's
Friday
Range
of Prices
Par
Mass Utilities Association
t c.
v
lVa
Corp
.
8%
•
&
4-
4%" " 5%
1
Tube
2.50
Michigan Sugar Co
Preferred..:
Steel
Mid\a,e Co
Mid- West
Midwest
A
v t
:
;
Mining
Pwr
Missouri
Mojud
Public
Monogram
Co
Mountain
Power
6%
29(4
100
26
357a
425
28(4
Feb
1074
300
8%
Jan
Telephone
$6
Mar
Jan
27
~37b ' '3%
5%.
4%
66 %
5%
66%
67
111% 111%
Penn Traffic
19%
20%
14
1374
14
Co
1,400
13
800
Mfg
Co
Phillips
Pierce
Power 6ft
Packing
3%
5%
37b
10,500
Feb
2%
Feb
179
Feb
2% Mar
Mines
E
Apr
Plough
Apr
Pneumatic
Polaris
20%
21(4
400
18%
Mar
22
Apr
40
50
38%
Jan
42
Inc
2
3,500
1%
Jan
2%
Feb
8
Powdrell
2,400
6(4
Jan
9
Apr
.2%
Apr
10
130
May
134
300
18
Jan
23
15%
300
14%
1,200
13 Vb
Gold
Jan
16
Feb
Pressed
10
Jan
17%
Feb
Producers
Jan
92% Apr
Inc
Metals
National Breweries
2274
1
common
3
227b
19%
Jan
7,900
2%
Jan
34
34
7%
preferred
25
National Candy Co new common—8%
National City Lines common
50c
300
3
130
27a
•
common...
3%
—
National Fuel Ga,s___
National
National
Refining
Rubber
Sugar Refining..—
National
Tea
Ltd—
5%%
National
Union
Navarro
Oil
•
New
$2
Corp
Mur Co
preferred
preferred
New
Idea Inc
New
&
-
Y
N
Auction
Arizona
Co
•
25
Land
•
Y
27%
1%
Jan
&
N
Y
N
Y
Y
Power
&
1,09 (4
160
N
State Electric & Gas $5.10 pfd.100
Y Water Service 6%
pfd——*
100
5%
1st
5%
2d
Power
10
common
preferred—!
100
—
preferred
Class B
Niagara Share
Corp
class
B
5
com
14% Mar
7%
700
7%
Jan
10%
Feb
6(4
100
6
Jan
7%
Feb
6974
1,700
50
5
!
Electric
Amer
Light & Power
1
common
preferred
North
American
Class
6 %
B
Rayon class A.
•
common.
*
71% Mar
23% Apr
117% Mar
Jan
25%
Reed
•
Central
Texas
Oil—
20%
Jan
28(4 May
Rice
1,900
63
Mar
70% Mar
374
Richfield
3,600
32%
700
120
90
108
79
90
800
2%
Mar
Mar
3%
Feb
Feb
Rome
115%
Apr
117
Power
class
Feb
107%
Northrop Aircraft Inc
Novadel-Agene Corp
100
.
Jan
90
64%
Jan
3%
Jan
875
"90
40
15%
2%
8
16
8,100
2,700
21% ,24(4
4(4
129
41
3,000
5
16,500
135
400
42%
^2
~1% ."1%
Brass
Public
6%
Co
class
B
7ft
13%
108(4 109
37
16%
common
1st
pfd
1st preferred
Oklahoma Natural
Oliver
Gas
common
27%
115
500
100
900
11,400
38%
125
600
.17%
5,800
7
7%
4,900
29
30%
1,100
page
2137.
Feb
44%
Apr
72%
77%
3,400
64%
Jan
78 %
May
16%
550
14% Mar
20 Ya
Jan
142%
900
4%
6%
Jan
142% May
6Vb Apr
47b
47«
100
16(4
200
Jan
"4%
"474
4,700
3%
Jan
4%
Apr
16 %
1674
1,600
12%
Jan
167s
Feb
6%
Jan
7%
Feb
37 Vb
300
1%
itt
8,500
13%
157a
7,700
ft
U
6,700
%
1,100
10 Vb
4
Jan
13(4
Jan
31
11
10%
108
108
17 % Apr
17% Mar
Jan
37% Feb
17b Mar
lft Jan
51
%
10%
Jan
73
Mar
12
15% May
Jan
Apr
8% May
30
Mar
7a
13
Jan
Feb
9%
Feb
107%
Apr
109 %
Feb
111%
...
16
16
167a
Jan
115
Feb
14%
Jan
16 7b
Feb
110%
Jan
18%
Feb
13 % Mar
18 Ya
May
13%
8,400
10774 108%
250
17%
Jan
107
16%
15
18%
1,875
—
14
14 Vb
200
Apr
Jan
79%
80
Apr
'
■
80
fi...
u <
•
w.
580
161%
161
76%
150
?
Jan
81
Feb
156
Jan
162
Apr
13
161
Jan
98
Jan
91%
Jan
%
26%
115
May
Jan
17 Va
13%
19% Mar
1 (4
121
35%
Jan
Mar
Jan
25%
Bt
Salt
13%
Jan
530
5%
(D
Scullin
6%
34%
200
6%
300
Mar
27% Mar
Jan
Jan
119% Mar
Jan
Works
4,300
500
8%
8%
22
25
■*'
19,400
24
1,400
■
7%
19
Jan
Jan
Feb
26% Mar
18
97b
25
Feb
Mar
Mar
1%
4,800
%
Jan
5
4,500
3%
Jan
5(4 Mar
1%
6,400
%
Jan
174
Xl06%
Feb
109
May
12
Jan
14
Mar
17
Apr
22%
16s/b May
4% Feb
109
60
18
19
400
5
16
167a
1.000
12%
Jan
3%
2,400
2%
Jan
3%
3%
7 Ya
7(4
7%
1,900
23%
22%
247s
12,600
—20
6% Mar
1%
Feb
Feb
Jan
85/b Mar
18'4
Feb
187b
18%
Feb
2478 May
18%
10
common
27a
>:
1%
•
.
Jan
Feb
1
..
1
■
Jan
14%
Feb
May
4%
1%
8
i
24
Feb
Feb
237b
Apr
1% Mar
108
...
preferred
1%
2
18 Ya
.8
Jan
1974 Mar
11
Mar
_7 7b
9,200
6%
Apr
7
7%
1,000
7
Apr
3%
4
3,500
3(4 Mar
"774
1
67b
37e
/
S
Ltd
Apr
12'4 Mar
10 Va
Jan
9
Jan
4%
Feb
•V
common
17%
A)
5%
5%
87b
8%
1
Steel
Jan
35
Apr
Jan
7
Mar
9%
9%
100
9%
Jan
10
15%
15%
500
10%
Jan
16 % Mar
Jan
37b
1
47s
^..25
87%
$6
Co
Lock
common
Inc
&
Shoe
Hardware
Co
Inc
common
Convertible stock
Semler
(R
• •
Apr
37b
1
4%
88
39%
series
receipts
111%
1137a
Feb
330
88%
Jan
112
Apr
19,800
11%
21
2
1,400
300
2%
6,200
10%
Jan
4% Mar
42%
Feb
1474
May
Peb
6 Vb May
47
Feb
3% Mar
2
Jan
9%
Jan
12
Jan
21% Mar
19
1(4
Jan
2%
Feb
Feb
17(4
18(4
2,400
12
Jan
197b
89"
89%
500
82%
Mar
89% May
91
•
AAA
10
Mar
2%
91
500
83 %
Jan
91
1874
19%
1,700
14%
Apr
21%
Apr
lVa
1%
3.4G0
U
Jan
17a
Feb
5% Mar
6%
Jan
1%
Mining
88
3972 May
2%
11
472 May
Jan
Mar
100
20
Jan
70%
1,100
2
-3i4
Jan
34%
2.300
11
22
10S/8
Feb
Feb
700
6'/b
20
3%
7
2,050
13%
1
19(4
Shawinig'in Water & Power
Sherwin-Williams common
17.500
46%
27b
28
Inc
.■
57b
12%
•
1
nfd
317b
1,000
46%
/
1
cum
Jan
3%
31%
7774
6 Ya
1
Deposit
Feb
105%
•
Control
Denn
Feb
47B
112% 112%
certificates
B)
8%
Jan
103% 106
5
prior stock
Safety
5% Mar
100
112%
Serrick Corp class B
Beton Leather common
Sentry
8% May
1,650
•
common
Industries
Allotment
10,700
6
»
38%
25
•
Segal
30%
30%
common
1
Bros
2074
Mar
18
5%
preferred
Elec
Jan
5%
9%
17%
5
1
Co
Corp
3'4
16%
17.500
2%
50
Feb
Jan
1.000
6 (a
*
pref—
115% Mar
6
8%
•
;
20
17,700
'
pfd D—100
common
Seiberling Rubber
Apr
116
29%
56
1
Securities Corp General
Apr
111
34
Apr
23
1
Seeman
9(4 Mar
117%
52
20%
1
t c
v
pfd
•
Scranton Spring Brook Water Service—
$6 preferred
•
39%Mar
Apr
56
18%
17%
•
Manufacturing
Scranton
110% Mar
Jan
4%
Oil
Convertible
Apr
Jan
Mar
22%
56
19%
I
'
conv
United
Scovill
Jan
99%
114%
2974
>
2%
Corp
$2
Paper
Dome
Schulte
Mar
11% Mar
10
42%
Jan
:
26
•
Mar
1,025
Apr
22%
1%
common
7%
-27%
32%
1,200
17%
Co
Jan
32%
A
Regis
Samson
Apr
Jan
625
28%
25%
Schiff
1"%
Jan
Jan
33%
27
8
56
7
lVa
33
1%
Co
Feb
26(4
Apr
17%
Oil
Jan
17%
Feb
1834
25%
Savoy
Jan
14% Mar
Lawrence
Class
Apr
1(4
35
1%
Jan
•
May
36%
106'%
Jan
15%
Feb
42% May
42 V* May
Apr
iya
575
8
Engineering
Co
/
5 (4 May
136
19,500
27%
„
Apr
Jan
1%
18%
•
——
Inc
Ryeraon & Haynes
Jan
2%
2
3,700
115
Field
17e
1
&
Mteal
Jan
13%
Feb
33%
common—50o
Goods
Apr
8%
Mar
14%
17
•
common
Feb
6%
1%
•
Shattuck
34(4
117
167b
14
1
82
5
116% 116%
.15
133
16%
Petroleum
J
see
9% Mar
Co
1
Securities
For footnotes
Jan
Consolidated
$5.50
__
•
United Filters B
Overseas
4%
100
—100
Omar Inc
x8%
Aeronautical
99%
13
17
preferred..—100
Service
1,900
Ryan
•
Power 4%%
Jan
9%
10774
Russeks Fifth Ave
'
Ohio
Feb
4'4
9(4
•
Royalite Oil Co Ltd
O
Ohio
6%
Apr
9'/b
I™w
Corp common
Art
Selected
Ohio
Jan
3%
Ryan
5%
37%
4
Apr
4
6,600
.10
Co
Petroleum
Selby
Ogden Corp common
25%
11,500
Apr
53
42
7%
'i
Mar
57a
May
5(4
12% Mar
29
Feb
V2
37b
common
$1.20 convertible
Feb
89%
2,200
"2%
Root
21% Mar
110
"500
20
1
800
27
100
Rotary Electric Steel Co
Jan
19,260
2 %
109
9% May
37% Jan
5
100
Pendleton Inc.—
Roosevelt
Apr
4%
25
A
32
Jan
7%
*
Corp. warrants
Radiator—..
Cable
Ronson
Feb
105
17
Dry
Roeser &
33% Mar
107%
——50
Northern Indiana Pub Serv 5ft pfd
Northern Natural Gas
Northern States
*
Rio Grande Valley Gas Co
23% Mar
ft Jan
13
26 %
'
■
Oil
Richmond
Feb
Apr
97%
7%..
1%
L.I
Aviation
Stix
Jan
Jan
4%
41
13%
Jan
i
374
•
Rochester Gas & Elec 6ft
6%
22
30(4
96%
89
Republic
40% Mar
Mar
Jan
70
.5
1
Penn RR Co—
Roller Bit
1,300
18% >19%
.
Jan
30
1,400
Colorado—
Reliance Electric
67%
108
4(4
11
200
8
•
25
100
,
May:
Apr
5%
i"i
Red Bank Oil Co
Jan
28%
105(4 105%
22%
1,600
9%
8%
1%
Manufacturing
Feb
14%
115% 115%
131
17(4
Co.
Jan
800
.50
Utility Securities
American
Northeast Airlines
North
63
16%
.—_•
prior preferred
North
Northern
1
•
39
Jan
35%
$3 convertible preferred
Raytheon
25%
1
...
Mines
•
.
IlOO
110%
x5
7%
Jan
11(4
3%
Raymond Concrete Pile
11% Mar
Jan
32
4%
32
Mar
35
4,300
R
Apr
Apr
40
97
3174
•
'
Radio-Keith-Orpheum option warrants.
Railway & Light Securities
Voting common
*
—10
Railway & Utility Investment A
1
Rath Packing Co. common
—<
10
St
Noma
$6
110
8%
15%
Nineteen Hundred Corp B
North
Jan
9(4
3%
108
13 %
151%
50
'
■
Jan
Apr
200
warrants
Niles-Bement-Pond
Nipissiqg
107
6%
48
300
:
100
optional
Jan
IOVb
3%
——1
Y
Power
65
•
shares
Quebec
27%
32%
16%
:7
•
preferred
23%
preferred—100
preferred
Niagara Hudson
May
12
.—.10
Light 7ft
5
12
10
.
177 %
175
39
15%
12
common.—
6ft
21%
"Shipbuilding Corp—
Founders
N
Rosario
Merchandise—.
$6
N
Honduras
Jan
;
Feb
Apr
39
2% Mar
113% 116%
—
4%
70%
Feb
•
65
Jan
Jan
16%
Manufacturing
Quaker Oats
Apr
12
Jan
6%
•
3
57
14% Mar
687b
—
300
1,550
Q
'"' Feb
7%
—
Mar
37b
70 %
173(4 175
"
157b
16% Feb
-16
"*17% Mar
Jan
City Omnibus warrants
Y
Jan 'V
Apr
•
common
N
Jarft)
10
I
.
N
11
12"
_•
-
173 Vb
Jan
11%
>
69
112
37b
Feb
9%
22%"
109
5
—•
,
New Process Co common
12%
Feb
38
.100
common.
Jan
1,500
—
iLi
Jersey Zinc—
11
2,100
5(4
109
2% Feb
113% Mar
69(4
697b
~~
common
Pyle-National Co
2,300
•
;
Co
Jan
;
—.——————
Pyrene
12%
5Vb 4
•
& Tel.
Clock
Jan
•
$5 prior preferred
Puget Sound Pulp & Timber
Apr
10
;•
_
England Tel
Haven
Feb
25%
5%
100
Common
May
•
;
Jan
Puget Sound Power & Light—
Apr
2,000
.i
New
3%
34
12
17b
—.
class A
Mar
24
1%
100
24
21%
16%
—*
(Herman)
Mexico
1,600
30o
Radio
New
New
13%.
1%
England Power Associates
6%
13
25 %
1
common
Neptune Meter class A
Nestle Le
14,900
10
Co
1%
107 Ya
Gas——.
23 Ya
14% Jan
13%
r
—12.50
-
Nebraska Power 7% preferred—
Nehi Corp 1st pfd—
Nelson
12
—*
.
preferred—
National Transit—-4—;
11%
Feb
16%
America
20% May
15% Jan
8%
•
Steel
National
National Tunnel & Mines
11%
400
3,400
1
Machinery
National
May
51
109%
47b
Nevada
39% Mar
•
common
common—
Car
20%
———>•
Mfg & Stores
National
34
Mar
10
133%
of
39% Mar
20.(4 .21(4
207b
22'4
Feb
47
100
Mar
43
1st preferred
1st preferred
7ft
•
Hess
Jan
77/b
81
15%
of
Corp
Public Service of
Corp
31%
Jan
Mar
1
Prosperity Co class B
N
1
Bellas
Jan
5%
320
Mining
Prentice-Hall
Providence
National
4874
2
73
Lambert Co
89
100
29
15,300
1
Alexander
Premier
Mar
15%
&
Pratt &
Jan
22
14
•
it
28
130
21%
50
7
800
Power Corp of Canada
•
297b
~4%
17a
Feb
Mar
42% Mar
Mar
2%
Miuing Co
77b
24%
51
2
Apr
130
Feb
common..
7%
130
22
48%
common
Scale
2
100
Jan
RR
5o
preferred
Nachman
Ltd
10
States Tel & Tel
18(4
—
11
192%
39
•
700
6%
II
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
3% May
Jan
10%
120
Feb
11% Mar
20
78
.
Pioneer
Piper Aircraft Corp com
Pitney-Bowes Postage Meter..—
xl4%
49% May
29%
•
Feb
Jan
Jan
6(4
•
Apr
20% May
33%
1117b 1127b
28
Apr
3
600
pfd
Feb
350
1107b 1107b
Co.
Apr
49%
1127a
common
69 (4
Gold
9%
40
'■''i'Lmm*
Governor
'Apr
13%
Jan
44% Jan
100
common
24% 'Apr
402
Jan
1107b
Co
Phlla Electric
Feb
Jan
Mar
8%
19 %
19%
•
116
Apr
23,100
•
;!
111%
9%
13
11%
2.50
Power Co
Pitts Bess & L
9%
21
&
Jan
Jan
8% May
•
Mar
13
9%
2%
Mar
3%
5% Mar
400
Jan
•
Jan
60
7
48%
•
com
preferred
Philadelphia Co
Jan
106%
100
8%
1
1%
90
8
97
•
Perfect Circle
3%
125
109,
113% May
x22%
1
Pharis Tire & Rubber
Apr
34
Jan
Jan
$5 series pfd.*
Feb
11%
Jan
Pepperell
107
110
8
28
Co
Jan
3%
2,600
9%
2%
39
Feb
15,200
114% Jan
20%
29%
50
220
•
preferred
Penn Water
Mar
Feb
107 (4
•
preferred
series
Jan
107.
18% May
% Apf
112% 113%
1
common
Penn Gas & Elec class A
Penn Power &
Light $7
15% May
16
2%
•
common
Murray Ohio Mfg Co.
Muskegon Piston Ring
Muskogee Co common
*
Feb
Jan
Apr
10%
;3%
•
pfd
States
5
11
190% 191
City Copper common
Producers—
Jan
Jan
12%
10
Mountain
19
$2.80
37
-10
Pennsylvania Edison
19% Mar
42
Jan
12%
$1.40 preferred A
Pennroad Corp common.
Feb
300
1
Mountain
10%
15% Jan
,
—
A—;
partic
Jan
3(4
Co
Peninsular
Jan
2,900
Pen
Jan
Jan
36
III1
Corp
Feb
13
1
common
Heat & Power—
Investors
Mountain
Parker
•
10% May
1% Feb
12"%, Jan
32,800
common
Motors
14%
38
1,200
III*
III*
preferred
Paramount
100
1,500
36%
107
Service
4
Jan
Mar
35
35
—2.50
Utilities
Ward
Montreal Light
4 >4
15%
.
1st
18%
41%
36%
•
Feb
29%
•
Society Aa—
Dakota
14
High
18%
IIOO
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
12%
1
Pictures
Montgomery
3%
1514
100
Corp
Monroe Loan
Moody
4
•
*
Inc
Feb
1(4
500
Low
41
-28
Pantepec Oil of Venezuela Am shs.
Jan
8(4
pfd——100
pfd
common
Service
Hosiery
Molybdenum
Montana
1,400
.
Range Since January 1
High
41
—28
—.
50
Jan
4,500
•
Mfg
&
110
Public
Page-Hersey Tubes
5(4 Mar
•-
Low
V
18%
1st pfd
Lighting $5 preferred
Power & Light 7ft pfd
$1.30
t
Feb
Jan
18
1
6i,Light 7ft
5(4
3%
—*
Refineries
Minnesota
May.
17(4 Mar
/>!#
Pacific
.
Mining Corp of Canada——
Minnesota
110
,
100
.1%
1%
16(4. 17%
———a.—.—;
Mississippi River Power 6ft
Pacific
7%
3
•
Cupplj
Pacific
Feb
Jan
—
:
May
6
3%
8%
Shares
common
Pacific Gas & Elec 8%
5%%
1st preferred
Feb
5,600
1,200
17
,
161
3% Apr
100
Jan
150
1,750
,
.———10
&
.' 13.(4 Jan
300
Pacific Can Co
i
Apr
'18
-
Jan
4,000
Mar
>
Mar
Jan-
;
3%
c.l
shares
Co—
Piping
Mid-West
>••91
10%
1%
;
5
Products—
common—
-4%
for Week
Par
39
.'144 i'. Jan
3%
Abrasive..-.-————_—00
Oil
4%
95
710
...
Mar
-vl2 % .Jan
10%
preferred—•
conv
$2 non-cum dividend
Midwest
class
common.
$2
i Mar
3%
1
Corp
Oil Corp
Midland
1
*
v t c
West
,
>#150
>'
Sales
Range
of Prices
9% May
-
.7 %• Mar.
10%
.
•
J—10
Mlcromatic Hone Corp
Class B
95 .*
: v
'** 45
Michigan Bumper Corp
Petroleum
50
2,200
k
106
4%
2,400
■
"4%"
105"
Textile Corp
Participating preferred
Middle States
/
.14% 116
Scott
Metal
Midland
161
v
ti*/i \5(4
109% 110-
A preferred.
Messabi Iron Co
Middle
vl4%
l&l
.
Warrants
Steei
2,20Q
Week's
l**t
-
1% Mar
7.% Mar
36%
Shaft
Michigan
5,300
..
Friday
Bale Price
Exchange
High
»' Jan
1
•'..,
14
Co
Chapman
974
:■
~9%_
Ya\
Memphis Natural Gas common
Mercantile Stores, common
Merritt
Low
1,300
1-
Curb
Jlange Since January 1
High
;
—
Johnson &
pfd—_100
.
$2.50 preferred
McWilliams Dredging
:>
New York
Shares
1% .:.1%
9%
common.
McColl-Frontenac Oil Co 6ft
Mead
1
stocks
for Week
■
Maasey Harris
McCord
Low
EXCHANGE
ENDING MAY 11
Sales
Last
Sale Price
Exchange
2135
1
1
11
117b
200
^OVa Jan
3%
Jan
Apr
May
117b Mar
5
Jan
3%
37b
3%
1,400
16%
16%
16%
500
15%
Apr
1674
Apr
120
1,200
102%
Jan
121 %
Apr
105% 106
xll3% 114
40
105%
Apr
30
111% Mar
——
•
106
XI13%
118
1127b
Jan
115
Apr
;
'•
THE COMMERCIAL &
2136
Monday, May 14, 1945
FINANCIAL CHRONICLE
NEW YORK CURB
EXCHANGE
range for week ending may 11
*
of Prices
Sale Price
Canada———.-*
*
*
Ltd
Breweries
Slck's
Co
oilex
New
Shares
20%
common
13%
13%
14'A
common
Pattern
Simplicity
•
1
100
preferred
convertible
3'/a
3%
3%
Manufacturing Co
Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7% pfd
Singer
Singer
*1
100
•
'
Paper Mills
(Howard)
Smith
1
Aircraft Co
Solar Manufacturing Co
Solar
1
1
Corp
Manufacturing common
South Coast Corp common..
Sonotone
1
-1
23
—10
Soss
Oil
Pipe Line
Southern California Edison—
5 %
original preferred
6% preferred B
5%% preferred series C
Southern Colorado Power class
1% preferred
South
Penn
Pa
Southwest
23
23
23
A—25
100
New England Telephone_.100
Phosphate Co
10
Southern
Southern
1,100
Southland
"
opened
—-—*
—-*
Inc
Stahl-Meyer
Standard
50
pfd
(A G) & Bros
Snoe Corp
Spalding
1
Standard Dredging Corp common
$1.60 convertible preferred
(Ky)
Oil
Standard
(Ohio)—5% pfd
Standard Oil
Standard Power & Light
*
20
10
100
1
5%
111% 111%
20
5%
5%
Standard Silver Lead
9%
2,900
3%
6,300
2%
Jan
8%
1,800
7%
Jan
8% Mar
4%
5
1,500
4
Jan
5%
Feb
47
1,100
42%
Jan
49%
Feb
29
Jan
32
Feb
31 %
31
31%
30%
2%
1%
Jan
60
81%
Jan
Jan
91
91
500
8%
Apr
11
Jan
300
9 %
Jan
10%
Feb
13%
13%
13%
800
12% Mar
14%
Jan
61
60
63%
5%
4%
5
400
1%,
1%
Stetson
(J
Pmnnes
(Hugo)
Co
B)
common
Corp——...
—
Sullivan
22
31%
4%
4%
4%
22%
20%
Co
Drue
*74
Class
21
16
Finch Oil
20% May
112
370
Jan
11%
% May
ft
6,100
%
Jan
3%
Jan
19%
54%
Apr
Jan
14%
6%
6%
Feb
5%
2,400
2,200
3%
17%
17%
18%
Feb
24
Corp
8%
900
14%
1,800
10
108% 108%
10
107
Mar
19%
500
17
Mar
3%
800
3
Jan
100
18
Jan
Aircraft
7%
Bond
Wentworth Manufacturing
Texas
Va
Western
Westmoreland
Weyenberg
Wichita
(R
Oil-O-Matic
Williams
Willson
Products
Powei
Wolverine
Portland
Woodley
•
Texas
Power
Texon
Oil
&
pfd
;Thew Shovel
Tilo
Co
Tishman
& Construction
Realty
Stocks
Allied
&
Product
Tobacco
Exports.
....
deposit
Todd
Shipyards
Toledo
Edison
7%
Corp
6%
Trans Lux
Corp
i
107%
102
111%
123
126
f
s
Tri-Continental
Trunz
}.<
111
113
Writing
.
4%
._____10
.
convertible
57
Feb
20
Feb
Associated
12 %
Apr
{Associated
•
/-/.l.
'"/■:
1961
.—1970
2024
Gas & Elec
4%s
deb
deb
5%
27%
Jan
4
Jan
32
7% Feb
May
20 % Mar
Jan
26
25%
Jan
118
Jan
61
Bell
6% May
12% Mar
13% May
1% Mar
36
37%
156
29
37%
36%
35%
37%
177
29%
38%
A-O
36 Va
36
37%
109
29
5%'s
1977
F-A
37
37%
''16
29
1955
M-S
102% 104%
58
99
108%
108
13
107
108%
2
112
113%
2
119%
121
170
175
110%
112%
104% 105
10
102%
105%
76
78
45
58%
83%
1964
of Canada—
M-S
3%
71%
Jan
82% Mar
Jan
116%
Feb
3,300
7,000
1%
1,900
~8%
"i%
2,000
May
1%
Jan
4
Jan
12%
200
13
1% May
5% Feb
35% Jan
1
59 %
Jan
7%
May
2
Apr
12
12%
12
Jan
Apr
Apr
8%
13%
12% Mar
Apr
Apr
.
6%
Realization
Corp
Unexcelled Manufacturing
..Urvon Gas of Canada
Union
Investment
10c
...
.10
Co.
United
Aircraft
.
1,700
5% Mar
7%
Feb
3%
1,300
2%
4
Feb
4%
1,800
4 % Mar
5%
Jan
"7%
200
4%
4%
-_1
10%
-IOC
3%
10%
Stores.
United
United
Gas
25
3%
.20
200
ft
1,000
23%
11%
11%
12%
11%
.10
common..
24
17%
18
200
2,400
21,600
Milk Products
$3 participating preferred
(United Molasses Co Ltd—
iv :Amer
dep rets ord regis..
United
NJ RR &
•■.United
_25o
U
8
285
1%
285
1%
10
1%
2,000
..10
common.
9
9
9
50
..25
78
78
81
475
46%
47
70
12.
13%
..23
1970
2%s—
..1948
Foil'Co class B_
76
76
78%
123
1927
1952
6s series B—
1955
Cities
Service
5s
;__L.-Jan 1966
Conv
deb
5s
1950
Debenture
5s
1958
Debenture
5s_
1969
Consol Gas El Lt & Pr (Bait)—
3%s series N
1971
1st ref mtge 3s ser P
1969
1st ref mtge 2%s ser Q
1976
Consolidated Gas (Bait City)—
Gen mtge 4%s
.—•
—1954
Continental Gas & El 5s
1958
82%
81%
82%
157
5s ctfs
Rys
5 A Chicago
Cincinnati St Ry 5%s A
U S Radiator common
common
.300
II
Wallpaper, Inc
For
12% May
18
Feb
Apr
40ft
/-Jan
275
Jan
1 % Mar
9
May
6%
285
2%
11%
Insurance
Pictures
Products
Illinois
May
Jan
Feb
Apr
81
May
44
Feb
50
Apr
Power
Co—
B—.......1957
1950
1st lien & ref 5s
1963
Indianapolis P & L 3'As.—_™—1970
{International Power Sec—
A6%s series C
Z—.—Li—1955
ref
&
5%s series
Seivice
Indiana
5s
Apr
2%
Feb
Jersey Cent Pow & Lt
4%
5
11,400
:
'6,300
7%
•
950
■
•'21%
23%
700
15%
16%
700
6%
17,200
^
-"II""
5%
Mar
8% Mar
13%
1%
Apr
14%
May
11% May
20%
Jan
Jan
2%
Feb
Jan
83
91%
Feb
18 Jan
4%
Jan
A6%s
*
24%
Co
5%
Feb
Kansas
(Dec
Electric
3%
page'2137.
18% Mar
24 %
12 %
16% May
Jan
4% Mar
Apr
Kansas
1
1941
84%
M-S
101%
103
104
1
103%
106
104% 105 %
6
103%
105%
105%
88
104
105%
103% 104%
10
103%
106%
106%
7
104%
106 %
107% 107%
ft);. 105%
2
107%
F-A
105
105
A-O
104
A-O
106
106
v
3-D
107%
J-J
$105
—
——
105%
110
107
—
109%
103%
'
$108% 109
J-D
105%
121% 121%
15
120%
123
F-A
104%
103% 104%
25
103%
104 7/a
M-S
101^%
101% 101%
55
101%
106 % 106%
92
A-O
F-A
106%
M-S
$126%
—
■
00 00
A-O
107%
124%
77
2
00 <y>
J-J
$101% 104%
J-D
b
'
45
"
'
'■
F-A
106% 106%
$104
106%
3-D
106% 106'A
J-J
73%
75
.
A-O
104
106%
104%
67
11
,75
106 %
105%
.92
•
75
104%
105
102%
v
106
104%
1
105% 105%
$104%
A-O
106%
"
$100%—
3-D
45
104%
104%
1
106%
1021/4
*
103%
6
J-J
106%
101%
'
——
ft"
$35
$103% 104V4
J-D
89
103%
40
•
103
104
124%
"
--
105% 106%
106
?M-S
3%s
Po^er
Power 3%s
Electric 6s
Ac Light 3%S
6%
Feb
75
21%
Feb
23%
105%
104
104%
•11
103%
103
103'%
13
102%
103%
104
104
1
102%
M-N
104%
$108
109
—
107%
109
'
-
--
25%
12,100
20%
Jan
25% May
McCord
30
Midland
1
.
i-
52
3
50
53
14
28%
54
52
52
1
37
52
52
50
L
F-A
LLL-
30
50%
52%
13
31
53%
..
J-D
ft'
■
■
55
37
52
55
; 6
50
50
52
20
J-J
99%
99%
99%
91
97
100%
J-J
86 %
86%
87%
21
71
89i%
55
57
J-J
J-J
1965
JUS
1966
3-D
106%
2022
1969
J-J
31
7
37
23
;-'L
55
i
106
54
61
107%
$104
;
106
104
$116
J-J
^...1970
1966
'/
M-S
106% 107
-
117%
116%
120
110
110
111%
105%
107%
110
•
-
__
z ■'
7.
W
1
$106% 108%
A-O.
106% 106%
1
1948
F-A
102% 102%
1
1963
A-O
7
105
1061/4
1061/4
102
104%
Feb
.24%
__
104
J-J
.F-A
coup)
Kentucky Utilities 4s—
Lake Superior Dist Pow 3%s
23%
30
Sugar
68
2
104
104
1% May
23%
.
"
.10
A-O
-
7%
.10
common
see
Apr
74%
9
83%
59
/
Feb
89% Mar
Jan
7
B
footnotes
Jan
Prod 6s_.__——1953
Guantanamo & West 6s
1195H
Hygrade Food 6s ser A—Jan 1949
6s series B__
Jan 1949
Kansas Gas &
Consolidated Oil
Universal Cooler class A™,
Universal
Grocery Store
Jan
-1
.TJVS Rubber Reclaiming
Utah-Idaho
Feb
1%
350
Universal
24%
4%
88%
class
Apr
Jan
400
87%
Universal
Feb
i36
1969
1953
..1948
1978
1950
1950
1963
2,900
S5 1st preferred with warrants.
-.8
38
102% 103
J-D
1961
58,200
1,200
United
23%
V.
14% Mar
Jan
—
Power
1%
1%
^Universal
stamped
5s
Gatineau
2%
14%
....
common
International
"united Stores
Fuel 4s ser A
1956
Electric Power & Light 5s
——2030
Elmira Water Lt & RR 5s
1956
Finland Residential Mtge Bank—
1%
10%
1%
Graphite
and
J-J
M-S
1%
9%
9%
S
—
M-S
4%
-.1
900
J-D
1954
1955
v- A 7s
series E——~_1957
A7s
(Aug 1941 coupon)™
1957
A 7s
series
F_.
1952
A7s (July 1941 coupon)
1952
Interstate Power 5s
1957
Debenture
6s
1952
Altallan Superpowei
6s
196b
12
—-
$111
2%
1
13%
6
U
Apr
110
Jan
9%
Jan
'
common
Securities.
U
,
285
113'%
A-O
5 A Central States Electric 5s
1st
Preferred
United Specialties
20
6%
100
——
1962
3%s A
General Pub Serv 5s
___
AGeneral Rayon Co 6s ser A
Georgia Power & Light 5s
Grand Trunk West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
3% Mar
.
Canal
Machinery
12%
Jan
86
preferred
Shoe
Jan
38
Profit Sharing
10%
United
95%
18%
3/64 Apr
Feb
26
Feb
Jan
23%
Feb
71
9% Mar
2
ft
Light & Railways
Apr
22
40
180
6%s
M-N
7% May
47,700
23%
warrants....
Corp
2,100
8%
Apr
200
3%
110
110
.Unlfed Elastic Corp
.^United
10%
25
common
Jan
7
61
.100
.prior preferred
uorp
Jan
7%
Products
Chemicals
.United Cigar-Whelan
.$5 preferred
United
7
3%
~7
jUnion Stk Yds of Omaha
(United
6%
3%
Co__..____
120
Q-F
Eastern Gas &
Ddylite Corp....
112
120
J-D
1998
U
•Ulen
112
$170
112
1957
1960
6s
A5 %S
111
4%
108
38
.
C
Tnc
104%
65% Mar
Jan
36
F-A
Edison
Boston
Jan
37
J-J
Bethlehem Steel
Bickford's
29
36%
1^50
i—
series B
M 5s
series
98%
10
367/s
M-S
130
1968
Telephone
1st
5s
92%
97%
5s
City Elec 3%s
Atlantic
Jan
9%
21% May
128
96%
97
J-J
1948
1949
deb 5%s A
Assoc T & T
$125
A-O
Co—
*—
4%s—
5s_—
deb
AConv
$109% 110%
J-J
1953
4%s
Elec
A Debenture
111
59%
55
8%
i
preferred
'-v: <:
-
6s—I
50
107% Mar
Inc..............^....^..,.,.*
80c
Paper
Jan
70
7.600
1%
V'.
7
6s
Apr
30
1%
1%
4%
warrants
Tung-Sol Lamp Works
4"
deb
Lfc
&
Pow
14%
1% Mar
110
104
108%
Jan
111
101%
100
12%
1%
High
Co.—
6
Apr
l
Transwestern Oil Co..
& Electric
Gas
American
January 1
Low
102% 102%
7%
111
Range Since
Sold
No.
Low
102%
400
113
Bonds
Friday's
3-D
8%
1
or
Bid & Asked
High
108
7%
100
Sale Price
105%
May
100
Mining of Nevada
Last
Period
—
preferred
preferred
Tonopah
Interest
Exchange
Curb
9
36% Mar
980
Week's Range
Friday
BONDS
York
New
107%
12 %
78%
Feb
107
Jan
75%
Apr
107
Jan
76
13%
Jan
J- J
9%
•
Jan
2016
Tobacco
»
22,000
110 Va
5,600
100
~3% "4%
Wright Hargreaves Ltd
106%
4,800
13%
._Ba
receipts.
107%
12%
13%
Feb
1
34
13%
Feb
Jan
12%
2
11 %
Security Trust Co Ltd—
dep rets ord regis
Amer dep recs def reg
10%
~6%
10%
Jan
3
500
Jan
8% Mar
200
9%
11
8
33%
Amer
9%
10%
11
~6
"5%
9%
109
20%
3,400
2
—.1
109
Jan
6%
Apr
IIoo
106% 196%
Jan
5%
"5
6%
Jan
300
Feb
13
Jan
6
102% 102%
6%
6%
11%
—
__1C
Cement
8'/a Mar
Jan
5%
75
12%
J- J
12%
•
pfd.
1%
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s
116
200
8,000
7
6%
12%
M-S
1,200
64
6%
IIIi
J- J
~9%
64
15% Mar
1950
21 %
64
Jan
1960
1970
~8%
•
Jan
13%
300
15%
debs
%
Tobacco
Feb
debs
20 %
1
14%
21
decs
5,900
250
Feb
Mar
f
24
12%
12
f
22%
3
100
*
s
23
.1
Feb
14
Apr
s
800
__
19%
3%s
32
common
Roofing Inc
Apr
2%s
31%
100
Co
19%
3%s
2
Light 7%
& Land
Textron Inc
19%
150
May
3% May
31%
common
36
18% May
1
Inc
Light
Petroleum.....
(F W) Ltd-
American
AConv deb
Technicolor
30%
Jan
•
45
-
Jan
Woolworth
AConv
300
&
29
27%
—
Woodall Industries Inc
AConv
6%
•
Heating
Winnipeg Elec common B
Wisconsin
Feb
100
775
141
14%
Inc.—____—_—
Mar
150
135
29%
36
15%
& Co.
C)
Jan
14
1
10
Oil Corp
River
Williams
Mfg
Feb
Apr
11%
19%
34%
——__10
Inc.
Shoe
6%
112 %
Mar
9
50
Apr
34%
•
20
Feb
24%
29%
139
1st pfd_.100
Maryland Ry 7%
Western Tablet & Stationery com
Coal
Westmoreland
3,200
10%
Jan
4
Jan
111
"9%
9%
23%
Jan
4%
1,700
6
•
8
Coke
&
5%
1.28
Utility $8 preferred
Coal
24
24
8
Mar
111
13% Mar
10% Mar
5%
3%
•
West
Amer
II
19
•
;
Mulls
Knitting
West
Apr
475
1
A
14% May
Jan
Jan
Jan
1 %
12
1,700
Taggdrt Corp common
Tampa Electric Co common—...
100
class
Class B
Wayne
31
18%
Co
preferred
Waitt &
25% Mar
48%
8% May
Jan
5
7%
Jan
17%
11% Mar
13%
Jan
47%
200
w
19%
17%
13%
7%
23%
47%
4,200
13%
•
11%
14%
400
•
Feb
10%
10%
10% May
•
Waco
Amer
30%
22 %
Jan
13%
Jan
54
Wagner 3f±ing voting trust ctfs ext..•
1,300
30%
Apr
12%
3
280
Jan
14
*
1,200
Apr
82%
4,600
Feb
5%
1,375
Manufacturing
6%
Jan
5%
79%
5%
77
Feb
5%
1,200
;
5
1
Feb
4%
3%
preferred
Petroleum
Feb
Apr
5
13 %
common
nonverti Die
Jan
16
5%
2%
5%
Feb
Feb
96
Jan
V
Corp
$4
54% May
4% May
12%
1
92
50
94
3% Mar
1% Jan
5% May
13%
11%
1.100
300
19 % May
15
13%
3%
3% Mar
63%
Jan
53% Mar
25
3%
Jan
10%
100
54%
%
16% Mar
100
12
Feb
16% May
Jan
2%
% May
129
Jan
19%
24
May
ft Jan
■fo Jan
105
1,800
12
•
—8
•
23% Mar
Jan
16%
13
5% Mar
Jan
Mar
Feb
34
Jan
18%
xl09
2,500
123
118
23%i Feb
Mar
47,400
#/«
'/«
—»•
"A" part
"B" common
$3.30
Feb
1
Portland Cement—
Superior
1%
61
1
+
Jan
3%
5.800
25
Feb
27% Jan
150
20
6%
17
1,300
22
Feb
U
500
111% 111%
20
7
4 % May
3,800
19 %
31
•
Machinery
Rav
Jan
200
20%
63 % May
Apr
5
1,700
5
x5!%
520
5%
—•
1st
134% Jan
8%
ft
.—.—1
50
—20
..I
1
1
Apr
10%
5%
10%
3%
Jan
2% May
9%
800
& Co common
31
91
8%
6,400
(A)
Bwan
29% Mar
2,800
•
Stroock (S) & Co common
s
100
2%
3%
preferred
5% 2d preferred
Sterling Aluminum Products™
Sterling Brewers Inc
Sterling
Inc
Sun
30%
May
31% Jan
30 % Jan
134%
*2%
78
Jan
3,800
Apr
46
Jan
500
5%
Sterchi Bros Stores—
6%
41%
20
46
3%
Steel Co of Canada
3%
8%
8
45
Jan
7%
10%
9% Mar
2%
46
65%
14% Jan
Jan
8%
4%
B
class
Apr
2%
1
Tube
113
8%
46'/a
Mar
1,275
9%
94
High
Low
75
9%
May
5% May
7%
46%
Range Since January 1
High
72%
Jan
303
10% Jan
25,400
Low
73
10c
—1
stock
$5.50 priority
VenezutJan
(The) Corp voting trust ctfs__l
Stanaard
Starrett
Stein
14%
12%
14
*
1
Utility Equities common
Vogt
16
1
1
Feb
110
.
Products
R»dio
Utah
Shares
Par
•
Light $7 preferred
Utah Power &
for Week
Mar
6%
4% Jan
303
ft
Co
Apr
267% Mar
118
Products
36-
Jan
3
80
Common class B--—
Standard
20% Apr
16
Jan
400
296
298
2.78
Co
Brewing
Standard Cap & Seal common—-——1
Convertible preferred—
—10
Apr
32
10
Line
Rovaltv Co—
Pipe
Southern
21% Feb
12% Mar
1,325
Simmons-Boardman Publications—
$3
Jan
20 %
—
ft
High
Low
Sales
Range
of Prices
Friday
Exchange
Curb
York
Range Since January 1
High,
Low
par
V'"
Sherwin-Williams of
for Week
Week's
Last
Sale Price
STOCKS
Sales
Range
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
3%
30
3%
"
400
26
Jan
2,000
3
Mar
3%
Feb
Jan
Corp
6s stamped
Valley RR—
at 4% to
Extended
..
Li.
$75%
77%
64
76
Volume
THE COMMERCIAL
Number 4385
161
& FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
Friday
BONDS
Curb
York
Interest
Sale Price
Milwaukee
Gas
P & L 4Vis
Minnesota
-
1st
ref
&
1981
NO.
Low
Low
1
New
Amsterdam
New
Gas
5s_
J-D
M-S
-1948
107%
'
__
New
deb
106
Texas Powei
108%
Y State
101%
106
107
4
106
108
United
Electric
N
114
115%
United
Light
Power
6s
series
Toledo
,
2
109%
Edison
88
95%
88%
95ya
78
88
955%
M-N
108
A-O
103 7/8
107%
102 3/4 103 %
25
103% 104%
-
.
15
$106% 109%
—,
«-»—
101 »/4
A5s
102 %
105
107
109%
Wash
101%
$103%. 1043/4
J-J
103
West
96%
12
92%
2
1073/4
1093/4
95%
income
Water
Penn
West
96%
108% 109%
95%
108%
A-O
-1962
4s
A-O
F-A
-1948
$106
106
F-A
10
$101 % 103
--,***"
---
1073/4
f
A-O
102 it
102s? 1021?
52
F-A
111%
111% 111%
20
111%, 112%
M-N
M-S
5s
UOlQ
.
'
115% 115%
J-D
A-O
$106
115%
7
58%
59%
$109
110%
'
\
116%
'*
20
53%,
108
;
65
107
105%
109%
HO
i
1960
J-D
$117% 119
117%
119
1959
F-A
$103
101
105%
102%
5s
(
"
*
debentures
Rys Co
-.
Wi'i
107b
10232. 10,6%
2030
Traction
s
108'%
Ha.
.
104
1
Newspaper Union—
conv
lAYora
109
105%
101%
107%
105% 105%
106
110
'
104
1964
3%s
Electric 5s
Penn
6s
3
4
:
(Maine) —
debs
Power
121-
107
104
Waldorf-Astoria Hotel—
103%
M-N
_1971
Service
'
5Vas_1952
6s series A
Utah Power & Light Co-Debenture 6s series A
$107% 110
107%
116%
2022
United Light & Railways
50
93
•
103%
1954
93
92%
90
Western
Public
107
High
7
1952
(Delaware)
90
103
Lou?.
10
121
110% 110%
...
—
January 1
No.
1
1959
90
A-O
Ohio
& cons 5%s
90%
.1968
Oklahoma Power & Water 5s
J-D
120
Co—
90%
J-J
3s
J-J
121
Range Since
Sold
"
Low
103% 103%
j-j
1949
4s
90%
Ohio
mtge
J
M-N
& Westchester Ltg 4s
-2004
North Continental Utility Corp—
A5%s series A (87o redeemed) _1948
1st
M-N
1968
3%s
&
J-D
_iyb4
mtge 3%s
'
2022
M-S
NY
1st
A
United Lt & Rys
110%
1958
-1950
.1954
Elec & Gss 3%s
Power
Light 5s
_iy48
Debenture 5%s
N
&
Bonds
Bid & Asked
High
104 Va
109 % 109%
Last
Sale Price
High
4
107% 107%
Week's Range
or Friday's
Interest
Period
-1948
—
—.
England Power 3%s
EngJand Power Assn 5s
New
109%
Exchange
-1961
—
'
5s
Curb
2
106
•115% 118
J-J
-1947
Eng Gas & El Assn 5s
5s
Conv
York
105
106
Friday
January 1
Friday's
1st lien
New
11
102% 102%
J-D
2022
-—.
Range Since
Sold
or
107 Vi 107%
J-D
,
1955
—
A—
series
M-S
1978
5s
Nebraska Power 4Vis
6s
.—1967
Light 4%s
MAY
BOND8
Bonds
Bid & Asked
High
Exchange
EXCHANGE
ENDING
Week's Range
Last
Period
New
FOR WEEK
2137
stpd
106%
1937
J-D
101% 101 %
1947
AStamped 5s
J-D
101'/a 101%
100 VB
105
99% 101%
j3*
r
,
■
Pacific
Power
&
Light
5s
-1955
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s
.
1st
5s_
—
F-A
-1964
M-N
-1979
—
M-N
Pennsylvania Water & Power 3%s_1964
3%S
■"
——
Philadelphia
Rapid Transit
Power
J-D
308%
5
1
16
103 %
105 '
63
70
108% 108%
11
108
106%
107% 107"%
$106
108
106%
107
5%s
108 %
109
6s
-1970
J-J
3
108
110%
109% 110%
36
109
110%
M-S
108%
107% 108%
4
Foreign Governments & Municipalities
109%
F-A
-1962
_
Elec
107%
.
70
70
,
-1972
...
Philadelphia
104% 104 3%
J-J
-1977
108
108
1063/4. 109
BONDS
New
Portland
5s
Gas
stamped
Power
Corp
Coke
&
extended—
(Can)
1st
1950
Service
M-S
1964
Sinking fund deb 4s
6%
J-J
1017/2 101%
J-D
_1949
___
2
107
J-D
New Jersey—
certificates
of
perpetual
2
1067/2 106'/2
—
of Colorado—
mtge 3%s
Public
107
4
1061/2 1067%
101%
101'/2
106%
Agricultural Mortgage Bank
A
103
1067/2
1
*
Safe
San
A
151
158%
Bogota
Water
Harbor
Real
Estate
6s
J-D
1952
Joaquin Lt & Pwr 6s 3
ASchulte
A-O
1979
4%s
iH-S
1951
106
103
106
4
1041/2
(see
ACauca
5
1061/4
109
2
126
127
90
92
96
100
126 Vb 126 '/a
A-O
'
— —
$90
—
1
997/2 100
—
—
Wyoming Coal
Southern
California
Southern
California
Southern
Counties
1st
6s
1947
Edison
Gas
Gas
1970
3 Vis
1971
Indiana
Rys 4s
Southwestern
P
Spalding
(A G)
Standard
Gas
L
&
8s
Conv
Mortgage
Bank
105
5
105
103
70
89%
1067%
1947
J-J
$66
J-D
6
104%
F-A
100
J-J
103
103
A-O
104'%
41
O
*
103% 1047/2
963/4
M-S
49
963/4
103'%
103 7/4 1047/4
72
967/2
103'% 1047/a
39
96 3/8
F-A
1033/8
103% 1041/4
36
963/4
F-A
102%
102"% 103%
21
96%
A-O
1
Corp inc 5s
(Hugo) Corp—
35
42%
,—1946
69%
--
^ »■»
deposit—
!
~3~6"'
de
:
1927)
7s
Janeiro
M-N
$48
A-O
48%
90
1958
6%s
Interest
2008
22
,.86
J-J
45%
45%
"37% "45%
45%
121
71
58
ARussian
A5
$421%
1
47%
U-
—
~
—
Cash
6%s
$37
par value,
sale,
J-D
J-J
Deferred delivery sale,
a
8%
39
36%
37%
d Ex-interest,
9%
141
5%
8%
Ex-dividend.
x
8%
9%
103
5%
Odd-lot sale,
e
;//
n
:■■
Service
^
.I960
5s_
A-O
J-J
431/2
44
103 372
__
9
27
2
103 372
103
45
■I.
,VJV
_
ijvrT'
.
.J
.
yy-vv-*
//'.
.
/ '''
•
•
id
OTHER STOCK EXCHANGES
FOR WEEK
"0c[
ENDING MAY 11
'•
■
Baltimore Stock
Friday
Exchange
Friday
Shares
Par
Arundel Corporation
Bait
Transit
Preferred
Consol
Gas
Co
t
v
E
common
t
v
c
Power
19
3.60
—100
&
3.50
&
Miners
1,150
2.75
Jan
Apr
20
Feb
30%
76%
77
50
69
Jan
77
53
14
157
53%
20
155
Jan
65
46
Jan
Mar
3.70 May
1,816
157
164
Apr
May
Mar
53% May
14
555
133/4
13%
295
72
72
28
35
Feb
72
Apr
25
30
30
55
28%
Jan
30
Apr
—5
pfd vtc
100
13 3%
2.75
2.75
13%
Feb
133/4 May
14
Mar
13% May
com
100
1
Feb
44
45
350
35
Jan
:8
8
112
2
Vernon-Woodbury Mills
New Amsterdam Casualty
U S Fidelity St Guar
Boston
&
28
28%
230
26
Mar
28 %
39%
403/4
615
38
Mar
40 3/4
$27,500
70%
Apr
Trust
of Prices
Shares
Low
•
16
'»
Range Since January 1'
High
Low
16
16
300
13%
54%
425
41
Feb
6%
6%
220
6%
ADr
19%
21J/4
45
165/a
Jan
•
8%
100
RR
High y
Jan
53
10
Providence
i
16% Mar
57%
Calumet
Cities
Hecla
5
Service
Copper
East
&
Range
Boston
Eastern
Co—
Co
Gas
Apr
85
393/4
3%
Jan
2.75 May
45
Apr
8% Mar
May
Apr
Bonds—
Fuel
Eastern
6%
1%
1%
>/.
250
9
1%
20
90
91%
350
58
58
25
47%
104% 105
100
90
53
101%
1
100
58
78%
Mass Street Ry
1st
pfd
213/b
8% Mar
77%
76%
77%
series
A
1975
83
82
83
5s
series
B
1975
102
102
series
100
A
6%
preferred B
100
5%
preferred adjustment
100
Eastern
$2
SS
Lines
Inc
Mar
1%
Jan
Feb
91%
May
59%
Apr
86
86
40
17.
86
18
276
495
Jan,
109;
Jan
Jan
87
143/4
Jan
21% Mar
Friday
Sale Price
Par
1,000
100%
Feb
103%
Jan
Jan
12%
12%
12%
38
38
38
34%
35%
140
22%
24%
220
49%
51%
461
42%
Jan
51% May
39.85 39.85
200
36%
Jan
39.85 May
1,867
37%
Feb
44%'May
Employers Group Assoc
•
Engineers
1
Public
National
Service—.
Stores
General
Capital
General
—.•
-
Electric
Gillette
Corp
22%
.
50%
1
41%
Safety Razor Co
class
•
20
413/4
44%
143A
—15
"2%
*
——5
37%
16
467
75c
15
—*
B
Range
Shares
50
Bigelow-Sanford Carpet 8%
Bird
&
Boston
Son
&
pfd
100
Inc
•
Elevated
Boston
Herald
Boston
&
7%
5%
8%
25
Ry
A
156%
Jan
40
9%
Jan
12%
Jan
Jan
34%
Mar
33%
34%
1,099
19
19%
129% 130%
1st
pfd
40%
3,777
74
74
75%
•
Corp
393/4
27
26%
27%
12% May
14
Jan
38
May
40
Jan
31%
Jan
36
Apr
16
Jan
24% May
75c
300
2%
2
>/8.
13% Mar
75C
29
55%
Jan
Central
130
Feb
17
Jan
I1534
Jan
RR
Util
——100
Jan
17
17/a tfan
Apr
page
2144.
•
38 '/2
460
1%
Jan
21/4
328
35%
Jan
40%
8%
570
Jan
Feb
i
Apr
i.'s i- •
Apr
113/4 Mar
173/4 May
.
10%
423
5%
Jan
10% May
597/4
735
41%
Jan
1%
1%
200
Jan
597/4 May
1 % Mar
1
30
64%
Apr
707/4 Mar
3,130
77/2
Jan
15
22%
1,707
15%
Jan
36c
4,680
25c
Jan
22% May
49c
Feb
•
67%
66%
677/4
1
15
13%
15
Nash-Kelvlnator
5
20%
20%
1
32c
32c
Linotype
6%
IT,
.
10%
Narragansett Rac'g Assn Inc
Mergenthaler
100
18
,
53%
55
1
Associates vtc_
/
Service
Cos
New
130 % May
41
Apr
New England Tel & Tel
37
Jan
275
69%
Jan
77
1,155
23%
Jan
England Gas & Elec
preferred
5%%
.
l^iay
Assn—
45
•
45'/2
115
116%
110
42
Jan
50%
Feb
273/4 Mar
84%
82%
85
834
60%
Jan
90
14%
14%
153/4
41
10%
15
15%
110
18
19
18
8%
17%
25
100
common
preferred
Mass
1453/4 May
19% May
100
100
—
37
t
>■
165% May
100
stamped
10^ class D 1st pfd stamped
see
46% Mar
5%
common
Theatres
Mar
North
Butte
69
116%
52c
2.50
!
100
31%
295
109%
Jan
59C
5,310
30c
Jan
72c
5
2,135
30c
Jan
5
Mar
119
Mar
Feb
May
Apr
Jan
16%
10% Mar
17%
Apr
Pennsylvania
14
19
Apr
Pere
Apr
100
Mining
Old Colony RR
class B 1st pfd stamped-,—100
For footnotes
20
275 '
352
40%
RR—
prior preferred
class
80
3,576
10 »/a
100
;
Traveler
Maine
49%
164% 165%
1453/4 1453/4
19
100
Edison
Boston
High
National
Albany RR
Boston
Low
(Del)
Boston
Maine
Range Since January 1
High
10%
34%
Loew's
for Week
of Prices
Copper
Lamson Corp
Sales
46%
164%
•
Kennecott
Exchange
Low
lOu
..100
Copper
SliiKJ
•
>■..
10,600
Week's
Last
STOCKS—-
Anaconda
Mar
-
•
Boston Stock
Woolen
Feb
71
♦
common
preferred
conv
Hathaway Bakeries
Isle Royale Copper
American
Feb
9% Mar
Associates—
4%% prior preferred
6% preferred
First
1975
5s
American Sugar Refining
American Tel St Tel—.
Feb
' Feb
9
•
—10
—
&
6%
793/4 Mar
76
50
Baltimore Transit Co 4s
Prop
Range
,
2.75
•
100
Trans
Mt
Personal
t'.Ou V
Sales
for Week
High
20%
100
!
Maryland & Pa RR__
Merchants
3.70
16
30
10
Georgia Sou & Fla 1st pfd—
Houston Oil of Texas 6%
Low
655
29%
20
—
20%
30
Finance Co of Amer A common,.—5
B
High
76%
com
Fidelity & Deposit Co
Fidelity & Guar Fire Corp
Class
Range Since January 1
'
20%
c
L
Low
Par
Boston
Week's
Last
Sale Price
for Week
of Prices
STOCKS—
Sales
Range
Sale Price
STOCKS
Week's
Last
t
V.v;sT.
^
Abbreviations used above—"cod," certificates of
deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c,"
voting trust certificates}
"w 1," when Issued: "w w." with warrants; "x
w," without warrants.
oii
106%
RANGE
r*
213%
'■
•
gReported in receivership.
1946
22
,
Under-the-rule sale
$Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
48
307/4
._1919
1921
•No
71
v
Government
Va s
_
Electric
p
43%
1..
J-J
2012
.22
75
38%
__
M-S
1959
Plan A
to 2%—
reduced
46%f:|48%
20%
A
—
, !456 '
45
pursuan#to
Stamped
•'
$
1947
1947
1927)
pursuant to Plan
Interest reduced to 2YaS
Industries—
A7-4s 2nd stamped—!
Texas
•)?
t
"35
35
$46%
r
stamped—
of
35
$84
103 %
1950
'20%
1041/4
6s——1957
19
16%
38%
—
;
104'/a
1957
90%
i
\:?oh
M-N
J-D
J-D
104'/4
103'%
76
bo
22
M-N
—1951
Stamped
104/2
F-A
$17%
$46%
1
21
37
J-D
1041/2
J-D
$31%
M-S
(State)
.
28%:,32:'
3
90%
90
AParana
103
1966
Dec
A Certificates
A-O
29%
90%
87
90
48%
$19
107
34
stamped
29%
M-N
1953
—
7s
High
iI,;65%
63
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s__—1972
107%
102% 103
Low
$66
1955
5s
A7s (issue of May
A7s (issue of Oct.
99%
1
98
January 1
Mortgage Bank of Bogota—
1053/4
99 %
1077/2 107 J/2
1951
6s—
6s
(Hugo)
107%
109%
ARio
AStarrett
Stinnes
1053/4
108
106% 106%
M-N
May 1948
-May 1948
gold debentures
Standard Power St Light
A7-4s 3d
99%
——
M-S
1989
6s
Stinnes
1
Range Since
Sold
No.
Low
of)
5%s
105
Electric—
stamped
6s
Debenture
F-A
_2022
(stamped)
Debenture
14
105
F-A
1970
5s
&
105
1053/4 1067/8
108'/2 1087%
—
J-J
1951
Southwestern Gas & Elec 3 Vis
6»
A-O
$105
105%
(Calif)—
mtge 3s
Southern
M-S
Bonds
1948
Jan
Valley 7s
AMedellin
J-J
1965
3s
Friday's
A-O
Literest reduced to 2y8S_—_—2008
Sheridan
or
Bid & Asked
J'f'V
April 1946
Danzig Port & Waterways—
AExternal 6%s stamped
-1952
ALima City (Peru) 6%s &tamped_1958
A Ma ranho
/.• 7s—ilE—-——1958
Stamped pursuant to Plan A
107
107% 108
-
J-D
1951
Scullin Steel lnc mtge 3s
7s
Extended
1952
Week's Range
Last
Sale Price
(Col)—
20-year 7s—
109
1
1557% 155'%
„
20-year
A
106
*
M-N
Interest
High
Danish
series
Friday
Exchange
1027/4
Queens Borough Gas & Electric—
5Vis
Curb
Period
1959
4%s B_
Public Service Co
York
Co—.
Apr
Pacific
Mills
•
RR
50
„
38
-
46%
46%
40
38 VB
37%
397/8
1,398
337/2
Jan
34%
34 »/8
15
20%
Jan
46% May
39% May
-
Marquette Ry
100
37%
Apr
'
THE COMMERCIAL &
2138
Monday, May 14, 1945
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Week's
Last
Low
Par
■
•'
.
.;
•
•
•..
Reece
Rutland
Shawmut
Stone
13%
Mach...
III"II100
Jan
l'A
Jan
2%
Feb
16%
760
14%
12%
13%
575
10%
Apr
Jan
5%
793
4%
Jan
United
Drug Inc
United
14
100
80%
350
57%
59%
275
34
May
Jan
20'A May
101 V« May
74%
Co
Jan
60%
135
Feb
Material
$2%
Apr
11
11
20
11
May
11
May
40
41
75
36
Jan
42
Apr
41
*
Co——'
Westinghouse Elec & Mfg
,_50
—
16% Mar
13% Jan
95
15
'.
115%
267
1313/4 134%
-
136%
Jan
.ZIs
7%
Util
Steel
Acme
Admiral
Co
Corp
Common
|
Allied Products Corp cl A pfd
Castings
Aluminum
Inc
\
Allis
I
American Tel & Tel Co capital
Chalmers
Mfg
North
Ward
Aro
f
Range Since January 1
High
Low
High
9%
10 %
850
8%
Apr
14%
15%
14
15%
5,700
10%
Jan
15% May
37
28%
1,100
Jan
38%
Apr
8%
250
8% May
11%
Feb
9
400
8% May
11%
Feb
3%
3%
3%
4,900
4%
Feb
10
13%
13%
150
1
12%
12%
*
54
vtc—
10%
Jan
13%
90
48%
Jan
55 % May
150
60%
60%
100
48%
28%
29
70
28%
~3%
34% May
48
49%
6%
KR
900
39%
Jan
158%
Jan
165% May
6%
Jan
8%
Jan
Mar
21%
Jan
Rath
Raytheon
15 ft
100
13% Mar
15% May
22
800
15% Mar
22
May
41
400
36%
Jan
41
Anr
43
43%
200
38%
Feb
44
18
18%
250
17% Jan
19
Apr
12%
100
12% May
16
Feb
33%
Feb
iV
17
200
17
2%
Feb
Jan
9%
6%
5
100
27%
Mar
34%
1,000
23 %
Jan'
25% May
57%
130
43
Jan
57%
47
150
33%
Jan
48
2,450
4%
Jan
6%
6%
104 %
.10
100
25%
47'
25
33%
24%
55.
33%
20%
103
—3
6 %
6%
3,400
18
18
31%
31%
32%
20
19%
20.
Mfg
Co
(E
Co
Preferred
•
*
1
5
1
common.
111
lien
•
common
preferred
V
18% Mar
21%
39
1,100
33%
Jan
39
May
80%
81
400
69%
Jan
81
May
80
260
*
common
80
79
500
10
76%
Apr
160%
33%
40
157
Feb
33%
160
5#._.100
—
Towel Co
Common capital
Apr
19%
26
Jan
32% May
Feb
560
33
Apr
Feb
81
160% May
46
%
Jan
16%
Jan
20%
1,400
900
12%
23% Mar
South
Mar
44
May
27%
150
24
Jan
30
25%
150
23%
Jan
27%
Apr
Feb
6%
650
5%
Jan
7%
Feb
100
32%
Apr
37%
Apr
17%
19%
500
19%
2,300
sgB% Jan
13%
27%
105%
105%
2
17
,
~3%
3%
50
27%
22
2%
7,650
121
121
130
500
18%
18%
20%
Oil
Stewart-Warner
Swift
Co
Co
Jan
131
130
May
Jan
20%
Apr
20%
Apr
United
Union
Carbide
Air
38
550
35
Jan
38
S
Steel
25% Jan
Co
Preferred
Stores
May
Williams
Oil-O-Matic
600
93%
Jan
115% May
16%
Jan
21% May
Woodall
Industries
3% Jan
4% May
31 % May
Wrigley
(Wm JrV
Jan
10
41
May
May
Zenith
Jan
30
9%
93/4
41
28%
31%
32%
33%
■:/'/
5%
36
10
Jan
263/4 Mar
1,900
26
Jan
530
104
Jan
108%
Jan
5%
106% 107
—
7%
50
41
28%
•'
28%
5%
60
3%
33% May
Apr
Feb
General
Motors
Corp
28%
'■'1
28%
50
23
Jan
28% May
14%
14%
100
12%
Apr
15%
25%
26%
600
17
Jan
26% May
«...
18
:
4%
18
22%
''!/• lr"<
'•
22%
4%
200
15
Jan
100
.
18%
Jan
910
4%
4
18 3/4
Feb
.24% May
,
5 'JA Mar
Apr
Wisconsin
Gillette
Safety
Goldblatt
Bros
Razor
Inc
16
133/a Mar
16%
Apr
393/4
200
35 %
Jan
40%
67%
100
51%
Apr
67 %
May
13%
13%
200
11
Feb
13% May
Jan
18%
Feb
27% May
34%
Feb
1,350
..
173/s
18%
30%
133/4
300
27%
—
2,500
8%
2,300
6%
Apr
8% May
9%
9%
50
8%
Jan
9%
42%
42%
500
40% Mar
423/4
68%
70%
2,100
62
Jan
15
200
10 %
Jan
15
1,500
Apr
Hein
Brew Co G
15
500
14
Apr
16%
Apr
Feb
33%
1,500
31
Apr
34%
Feb
38%
38%
300
54%
21
15
16
16%
54%
300
49%
Jan
19
20
650
17
Jan
21
39%
40
110
36% Jan
41% Mar
93%
93%
100
79
Jan
93% May
>
37%
37%
200
23%
Jan
37% May
v
19
Werner
Inc
Horders
Motor
13%
150
9
Jan
133/4
17%
350
16
Jan
20%
20
20 3/8
1,900
18%
Feb
213/4
12%
12%
300
11%
Apr
143/4
15%
550
13'/a
Apr
10%
Jan
48
Jan
.
15
11
11
200
55%
56%
310
163/4
16%
60
•
22%
23
263/4
263/4
4%
5%
1,200
3% Jan
11%
1,500
7%
"
'
.—5
1
m'm
10
Radio
17%
18
68%
2,300
"58%
Jan
69
May
»
10
1,400
7%
Jan
10% Mar
i
31% Mar
^Illinois
Central
RR
11
14% Jan
200
50
:
33%
33%
400
33% May
20
33%
20
150
14%
20
7
2,700
6%
100
34%
6%
13%
13%
75
75
..2
capital
13%
41
300
17
Feb
May
1
Jan
23
24
Jan
26% May
Indiana Steel Products
Interstate Power
$6
10
5%
Jan
•
32%
.1
common
pfd-*u)..i
♦
^
.
353/8
20
Jan
28
750
26
23%
20Q
Xl9%
Apr
Jan
8%
550
6%
Jan
8
33%
11% Mar
Jan
27%
23%
27%
Indianapolis Power & Light com
new
100
70%
Jan
8
1,050
7%
Jan
Ken-Rad
33%
com
pref
Kimberly-Glark common
m
1
*
Tube & Lamp common A
Kentucky! Util jr
37
Mar
Apr
8% Mar
14
Jan
10%
75
Jan
May
9%
(
Feb
42
Jan
T
41%
41 %
200
14%
15%
1,600
11%
Jan
15% May
33%
34%
1,900
29 %
Jan
76%
Jan
34% May
95% Apr
67%
Jan
Unlisted Stocks—
com..—•
Il50
Anaconda Copper Mining
Atch Topeka & Santa Fe Ry com. .100
•
Bethlehem Steel Corp common
Curtiss-Wrlght
—
Electric
General
Interlake
34
:■
—
77%
77%
100
53/4
--
Iron
Co__
Corp
•
'
53/4
300
81%
Apr
common
100
23%
Jan
27
—
•
33
—50
*
•
LaSalie Ext Unlv common
Leath
ti
Co
Cumulative
common.
preferred
B
.
-«u—
J For footnotes see page 2144.
;
Feb
20%
22%
3,200
15%
Jan
22% May
25%
25
27%
3,200
22
Jan
27%
Apr
i
29%
29%
31%
400
28
Jan
31% Mar
J
Jan
53%
19%
20%
2,100
17
Jan
21
12
12 3
8
4,400
10 %
Jan
12%
22
23%
2,800
19 %
64%
65%
600
56%
Jan
65 % May
26%
28%
1,100
18%
Jan
29% May
■'
58%
59%
200
60
;i
»
•'
48%
■
—
U
Apr
*
■
19%
«
12%
-
22
29
•
__
J.
—
Mar v,
Feb
1
1
•
common
N
of
sV-
"
—
Republic Steel Corp common
Brands
24%
10% Mar
21%
common.;
Radio Corp of America common—
Oil
24%
;<
Jan
Mar
38
400
1
:
Incorporated
Standard
10%
—•
capital
Paramount Pictures Inc
Standard
44
10
—5
Corp
(The)
42
1125.
3
Jan
% Jan
24
Mar
32 %
27%
—1
i f
%
Apr
Studebaker Corp common
Rubber Co common
'
—10
U S
58%
:
58% May
Apr
j
Cincinnati Stock Exchange
Friday
STOCKS—
400
60
33%
37
—
45
8%
8%
250
..
Sale Price
Laundry
Prior
preferred
Participating
Burger
.
Low
preferred
436
1
Mar
5
97
5
Jan
5
Jan
Mar
9'
36
4%
100
6%
•
—*
5%
___20
Cincinnati Street
Cincinnati
.50
—50
Telephone
Corp
Crystal Tissue
9%
700
7% Jan
33%
350
28% Mar
34%
Apr
543/4
54%
100
52% Feb
55
Apr
44%
45
400
38% Jan
45%
Feb
10
Jan
Mar
10
Jan
84
107% Jan
109
Feb
20
108
1,650
4% Mar
6
Jan
Formica
13
750
7% Jan
13
30
37% Jan
45
5%
10%
13
45
45
<
.
72
9
100
113% 113%
80%
36
—.
...
V
13
81%
34 3/8
113/4
„
11%
36
8%
8%
•
.
;;
Jan
83/a Jan
803
113% May
Feb
14
131
78%
Jan
83
636
28% Mar
39
Feb
10
8% May
11
Feb
;
Mar
9% Mar
May
1
Apr
\
15% Mar
9
13%
108% 109
109
Early & Daniel
5%
:/
1% Mar
'
..100
& T P
33
-
;*
Jan
7
13%
—8
...—„
C N O
Feb
Feb
1%
6%
_____
_—...
Brewing
Cincinnati Gas & Electric pfd__
8%
High
36%
5
Feb
Apr
Jan
232
1%
_
Feb
35
32%
i
«
Machine
Products
American
Range Since January 1
High
Low
Apr
83/» Mar
6% Jan
of Prices
Shares
35%
29
12% Jan
for Week
20
25%
•
Range
Par
American
Sales
Week's
Last
Dow
9%
Drug
Eagle-Picher
'9%
9%
7
15
16 Va
17
46
18
28
28%
13%
186
46
.10
46
Apr
»y4 Mar
Jan
17
Mav
Mar
46
Mar
t
i
V;
'...6% Jan
44
May
5% Jan
1,600
42
——
.
HI*
I-.l
common
New York Central RR
5%
1
—
(Glen L) Co
Martin
Crosley
I Katz Drug Co common—
Kellogg Switchboard common
8% Mar
75
7%
7%
Jan
Jan
6
11% Jan
1,350
9%
9%
5
common
Corp
Feb
17
*
—
100
common
Indep Pneum Tool vtc
j
*
34% May
33% May
•
common
American Radiator & St San
Baldwin
♦
Apr,:,.i.
65
9%
Co capital—___*
Machine
Yeats-Amer
17% Feb
15 % Apr
57% Mar
13% Mar
.8
! Illinois Brick Co capital
18
65%
*
13% Mar
*'
25
;; HoudaiUe-Hershey class B
Hubbeli Harvey Inc common
.* Supp Motors common
14% Mar
1,000
*
common..;
19% Mar
— —
—*
Parts—
7
Feb
17
1
common
Mar
Jan
13%
10
Hibb Spencer Bartlett common
»■
38% May
55
May h '
32% Mar
Apr
•
cap
21%
14%
32%
J'
Heiieman
Mar
38% May
May
17%
*
Harntechfeger Corp common
16
300
Feb
Mar
70% May
15
__
*
:
Jan
20%
-12%
common
Bankshares
Pure Oil Co
*
common
common
23%
1
com
Feb
67%
*
,common—
| Great Lakes Dr & Dk com
Inc
Nash-Kelvinator
143/4
38
14%
*
jf Gossard Co (H W)
37% x38%
800
Feb
5%
Jan
10
common
General Outdoor Adv common..—
23
Jan
33
...
—10
General Foods common
Jan
3%
Jan
31
8
1
*
20%
950
34%
Wieboldt
j
General Finance Corp common
150
4%
37%
••
Westinghouse Elec Corp new
74
Pullman
'V Four-Wheel Drive Auto
;1 Fox (Peter) Brewing common
22%
4%
17%
Feb
Jan
Dock &
*
10
—1%
22%
5
^
Apr
Apr
63
2
common..
35
"
common
38%
115
common———1
& Connell
26% Apr
22%
25
—
117%
20
220
Elgin National Watch Co
15
Eversharp Inc common.————1
Co
340
common.
74
31 %
—.
Apr
35
7
111% 115%
•
Jan
May
34
25
cap...
common
116
116
111%
26
111
22 %
17
May
900
17% Mar
Jan
110% Mar
12% Mar
5
...—
Transp cap
Light & Rys w i__
Utah Radio Products
38
Mar
15
10
2,300
15
L
U
;
Dredge
Carbon
&
Feb
9%
1
Fitz Simons
750
Feb
Apr
17
Street Corp com..•
Feb
71%
r
2,150
6%
15%
35
25
common
60
37%
& Cohn Inc common__10
17
26
Apr
15%
5
________
United
Jan
16%
14%
Jan
Jan
5% Jan
1,050
'
•
110% 110%
25.
capital.
common
Trane
(The)
14%
25%
16%
common
Texas
208 South La Salle
6%
14%
26
Swift International
Jan
1,450
!
25% May
•
capital—
Jan
9%
5
Corp
7%
7,000
Electric Household Util Corp
Indiana
oi
53%
31%
Dodge Mfg Corp common.
*
Doehler-Jarvis Corp—....
——5
,-,f Domestic Industries Inc class A
1
Jan
4%
'->250
6%
1
1,100
25
1
Car common
18%
5
...
18,750
common
Rubber Mfg
Standard
8%
300
(Alf)
950
...
Common
Apr
16
2,100
Decker
25%
6%
Stockyards capital
Standard Dredge pref
.——20
60
4%
Diamond T Motor
24
24%
St Louis Nat
8
...
Cudahy Packing Co 1% cum pfd—100
Curtis Lighting Inc common
2%
26% Mar
2
37%
-''J Consumers Co vtc partic pfd—.—50
1 Container Corp of Amer com——20
j Crane Co common
25
Jan
1
common
59
21%
Consolidated Biscuit common
23%
.
4% May
2%
700
pfd—1—.100
5%
8%
4%
I Dayton
Inc
E
&
17% May
Jan
26%
cap...
Works
Lathe
G
59%
19%
common
•,? Commonwealth Edison
Bend
Spiegel
82%
350
8%
108% Mar
Feb
26
*
Jan
120
90
20
20
Mar
22%
1
capital
Corp capital—
14
20
127
28
y
Anr
18% May
600
5%
<
\l An
350
4%
Jan
.%
3,350
17%
Jan
99%
160
106
-10
Co
19% May
Jan
5%
800
capital.
Sundstrand Machine Tool
—*
Service
7% May
Jan
20
*
(new)
Southwest
7%
5%
19%
common
Sinclair Oil Corp—
3.8%
37
Aluminum Uten Co com
Cities
Commoft
100
7%
Co
Cummins
500
35
.
Signode Steel Strap Co—
Apr
Feb
13
10% Mar
Feb
5
50c
pfd
Corp class B common..
22%
35
35
,♦
—*
*
5
' Chrysler Corp common
I Club
Serrick
16
Walgreen
pref
conv
Apr
50
300
6%
Co
(new)
Electric
44
6
a—
•
j—5
—1
•
—•
t c for common
Chicago
Sangamo
25
25%
•
.—
Feb
27%
1
—*
50o
—*
Corp common
preferred
Secur
12
-.10
Pub Serv $6 pfd
Illinois
6%
5% Jan
22%
10
preferred
Chicago Flexible Shaft common
Chicago & North Western Ry—
-
Mar
20 %
38%
100
Coke capital
common
Mfg
Common
43 %
*
common
Convertible
.
107
19
50
—.•*_.*
Packing
Schwitzer
10
1
5
5
common
L)
2%
.5
Cherry Burrell Corp common
;
Jan
98
90
104%
Feb
May
8% Mar
6 % May
6%
Quaker Oats Co
Feb
Jan
Chicago Corp common
t-
Feb
49% May
100
1,000
15
40
10
capital
Peoples Gas Lt &
8%
17%
7%
1% Jan
'
I
Apr
20
•
preferred
165% 165%
3
Central States Power & Light pfd
<
Co
Pen
Feb
7%
Preferred
\j
Apr
30%
15 A.
,.100
Peabody Coal Co class B com
50
750
Prior
•
62%
Jan
40 %
"
preferred
(The) com____
7%
34%
2,100
Convertible
:
Util
Pennsylvania
1,400
Cent
,
West
common.
Penn Elec Switch class A
Feb
2%
f: Central S W Util
;
Feb
Jan
12%
common.
10%
6%
Central
*
3%
2% Mar
22
common
Inc
Bancorp
15% May
8%
Castle & Co (AM) common
-
Corp
Airlines
27% May
2%
Butler Brothers
I
Feb
100
—20
com
Apr
8
Burd Piston Ring
■'4
Nor
Car
Jan
5%
Common
i
Feb
3%
Cooker common____2
Jan
8
Bruce
II
14
55%
X
common..
7%
5%
common
Bergboff Brewing Corp
Bliss & Laughlin Inc common
Borg-Warner Corp common
Brach & Sons (E J) capital
Brown Fence & Wire class A pfd
*
Jan
12
*
cl A
10%
3
Belden
-
Jan
•
& Co common
25%
Washer
Barlow & Seelig class A common
Bastian-Blessing Co common
I
2%
3%
*
34%
—1
Aviation Corp (Delaware)
-
Jan
38%
800
4
Automatic
):
Jan
8%
300
30
Feb
17%
8%
5,650
15
40
23% May
36%
9%
27%
13%
Athey Truss Wheel capital—
\
Jan
18% Jan
1,100
8%
9%
27%
1
Equipment Corp common—
Jan
13 %
100
14
8%
Gas
Illinois
Shares
100
Asbestos Mfg Co common
•
;
Northern
of Prices
5
t
American
Northwest
*
Co..
Armour & Co common
34%
38%
23%
•
A
—.—L_
Northwest
25
370
Feb
15% May
I
common
Mot Spec
Sales
13%
13% Mar
lien....——.100
pr
Cylinder
for Week
25
1
5
new—
common
common
Advanced
100
37%
i
com....
prior preferred
Minneapolis Brewing Co common
Monroe Chemical Co pfd
Parker
I
15%
Apr
21%
14
$1
Range
Low
6%
100
6'/,
Hart
&
Week's
Par
7% Mar
Jan
38
prior lien
Sale Price
STOCKS—
Jan
5%
Co—
Convertible preferred
Midland
Last
Friday
v.";
.'-.-'V'-.
6%
450
9%
21%
Prod
Corp
United
National
Chicago Stock Exchange
"•
15%
15%
Capital stock..
10
Noblitt-Sparks Ind Inc capital—— _5
?:
Jan
■T"-.
6
National Standard
•
High
7%
50
8%
124% May
118% Feb
$20,000
....
capital
West
National Pressure
*
Low
3,630
6%
7
o
.
common
Middle
Muskegon
124% 124%
3s_^.._^1956
common
M'ckelberry's Food
Montgomery
& Tel conv
Chemical com
preferred...__
Dredging Co common
Field
Midland
Apr
Bonds—
American Tel
Range Since January 1
High
8%
8%
l
cumulative
Marshall
Apr
15%
15
Low
McCord Radiator & Mfg—
80% May
Apr
51%
130
....
—
D)
&
Miller
h
(S
90
7
133
133
..
Inc.
System
77%
—
183/4
May
Mar
15%
85
1,247
—
m
Walworth Co
Lindsay Light
Apr
40
Jan
30
435
.
20%
78%
-10
Vermont & Mass Ry Co
34
99% 101%
f,
..25
Shoe Mach common..
Waldorf
32
32%
•
S Rubber
Warren
Feb
6
36% Mar
538
40
99%
...5
...—
Co
Fruit
United
39%
39%
—3
Drill—
Twist
Union
Llhbv McNeill h Libby common.
Lincoln
Printing
Co.
common...
Line
2%
15%
■
•
Shares
Par
McWilliams
Co
for Week
Jan
2%
15%
5%
Inc
'»
Torrington
U
12'A
25
Suburban Elec Securities com.
•
30
2%
Assn
14% Mar
13%
12%
preferred—
Webster
&
1
3% Feb
1% Jan
100
2'A
STOCKS—
High
Low
1514
7%
RR
2%
25
Hole
Button
Range Since January
Shares
High
...
Quincy Mining Co
Sales
Range
of Prices
Friday
for Week
of Prices
Sale Price
STOCKS—
v"
Week's
Last
Sale Price
Sales
Range
Friday
ENDING MAY 11
Insulation
Fyr-Fyter
Gibson
"A1*
Art
28
—
__
44
100
20
1 20
20
44
46
204
-
26% Apr
18% Apr
20
May
40
46
Apr
Jan
33% Jan
j
Volume
161
Number 4385
THE COMMERCIAL & FINANCIAL
CHRONICLE
2139
OTHER STOCK EXCHANGES
RANGE
V
"it?, W-
Week's
Friday
Last
Range
of Prices
Hobart
Kahn
class
preferred
Procter
a
46% Mar
Grand
48
Apr
50
Hoover
Jan
44% May
48% ?%"■
41%
44'4
430
4%
4%
200
59%
292
417/a
•
& Gamble
•
1—
J
59%
58%
100
238
«
•
26
18%
3
48%
49
26
7% Feb
Mar
20
Feb
Jan
May
61
Feb
238
Apr
3%
Feb
5
55'/a Mar
234
80
18%
48'4
50
36%
5
4%
26
•
common
Preferred
238
4%
•
Printing
Mar
30
48 %
Rapid
U
45
—100
preferred
"B"
105
46%
*
Randall
Feb
76
Feb
Jan
Y 27
Mar
14 %
Jan
19
Apr
43
23
Jan
49% May
City
Rolling
Ice
&
Columbia
Pure
Mill
28
Fuel
18
18%
*
Gas
General
•
Motors
19%
21%
31
6
70%
Brewing
Graham-Paige common
19%
33
34%
35%
143
.„
m
I
Ball
&
Motor
Hurd
Lock
Car
&
Masco
Screw
Mid-West
Motor Products
Motor Wheel
Jan
5'% Apr
?
Jan
70% May
19'% May
35'A May
Jan
Packard
Akron Brass
American
Sale Price
Elep
Apex
Brewing
City
Mfg
Coach
Body.,
pfd—
Corp
Ice
of
Fuel
&
Cleveland Cliffs
Cleveland Elec
Cliffs
Detroit
&
Eaton
Cleveland
Tire
Halle
Bros
Hanna
Co-—
preferred——
Jaeger
&
Kelley
Lamson
Electric
Portland
Metropolitan
National
Packer
&
Tr—
class
22%
Apr
Jan
Brick
32%
Feb
18
49 % Mar
57%
54
100
107
66
106%
Apr
9
55
8'A
Jan
52
Jan
195
33
27'%
126
23 %
40
27%
3%
600
1%
Jan
1%
Feb'
1%
300
1%
Jan
1%
Feb
1
45c
3
3
30
3%
Feb
246
9
Apr
10 Va
May
700
2%
Feb
3%
Jan
29
-
5
33'%
15%
6%
n#
10%
%
Jan
Jan
3%
500
2
Jan
160
7%
Feb
10%
10
a8
Co
Industrial
22%
Jan
Interlake
21%
182
18%
Jan
Class
1,500
2%
Jan
2%
100
2%
Jan
3
3%
3%
500
3%
Apr
4%
Jan
5
-
Jan
13%
Jan
■
3%
•
'5
10
13
16%
Jan
17%
17%
35
14%
Jan.
43
44
1,312
a20% a22%
39% Mar ■,«"
80
44
21% May
338
23%
45
21%
268
% Jan
18% Jan
19%
19
•
York Central RR
New
Ohio
Oil
638
14
Cooler
Republic
TJ
S
Jan
55
39'%
Jan
S
common
10
a61 %
a63%
a42
'
22%
Co
class
Aircraft
Wayne Screw
Jan
9% Mar
3
Apr
5%
3%
3%
748
2%
Jan
4
4%
4%
6%
400
7
7
3%
1,485
7
a44 %
a
85
Jan
26%
Y
Apr
50
Mar
53% Mar
63% May
37 7A
Jan
44
90
25%
Jan?
35
-
39'%
Jan
414
30% a31%
a97A
•
May
-31% May
48%
Apr
a97A
5
a25% a26'%
211
18'% al9%
135
a22'%
a22% a?27A
220
19%
Jan
24 :
a65'%
a65% a687A
243
58%
Jan
69% May
35% May
a25'A
'*■
'
a
5%
87A Mar
21%
Jan
17
Mar
10% Mar
27%
Apr
20%
Feb
Mar
a
24% a247A
t
155
20
Mar
Apr
Jan
44%
Feb
15%
15%
15% May
7%
1,600
4%
,
200
13
Feb
6
6
200
5
Mar
*
10
10
700
9%
1%
B
common
1
1%
1%
1,600
4
5%
5%
100
—
Products
&
&
AND
CO.
Listed
650
So.
Spring Street
Los
Exchange
LOS ANGELES
—
Friday
INVESTMENT
Unlisted Issues
—
TRinity 4121
—
Week's
Sales
Last
Mfg
Corp
Range
for Week
of Prices
Shares
Petroleum
Barker
Bros
Diamond
Bolsa
Chica
Co—
*
Consolidated
Corporation
Oil
Corp
Jackson
California
Central
Packing Corp
Investment
Cessna
Aircraft
Chrysler
*
Corp
Co
30'A
450
44c52%c
4%
4%
2.75
2.85
2,725
25%
2.75
25%
26
1
Jan
25c
Apr
3
Jan
70
28%
Jan
86
4'A
200
115
115
-383
208
•
21
20'%
22%
28%
28%
29
1,157
1
14% A
14%
14%
1,550
80%
221
America
Products
•
General
Gladding,
Corp
Television
Motors
McBean
4
&
Corp
Radio
1
10
common
&
&
•
Co—
Rubber
Co
*
•
com
t
-
"
A"'-Y':;v
'.
80%
„
14%
Exchange
Associate
Hudson
*
common
Motor
Bros
Car
1
5530
Lincoln
Apr
25%
Jan
Lockheed
Mascot
Oil
Menasco
Detroit Stock
Mfg
Jan
100
16 %
575
13
Jan
801
62%
Jan
20
847
16%
Jan
57
57
273
51%
Apr
70% May
20% May
57% Mar
57
58'A
723
53%
Jan
60%
Feb
75c
Apr
95c
Mar
15%
Jan
__
Co—
12% Mar
Week's
Sales
Occidental
Range
for Week
Sale Price
Forge..
Brown,
of Prices
Shares
....
12%
..
.
1_.
1
Machine.
_
-
common
& Cleveland
Nav
1
16%
22%
5
Gray Iron
Detroit-Michigan Stove
Steel Corp common.
_
_
1%
1
.
«
Detroit
Federal
Corp
Motor
Frankenmuth
Gar
Wood
Gemmer
10%
Feb
12% May
6%
475
10%
Jan
12% May
37% Mar
1%
1,540
1% May
16%
3,491
_
.
Brewing
General
Finance
—
1
i
,
see
page
2144.
v
16% May
455
101%
Feb
116
May
760
8%
Jan
12
Mar
5%
850
22%
1,937
5% May
21% Jan
7%
23%
Apr
700
1%
Jan
2% Mar
553
5%
Jan
7% Mar
485
55%
100
13%
550
8
68%
4%
1,812
100
8%
1,914
68%
228
Jan
17% Mar
42 7A
Jan
57
9%' Mar
100
8%
16%
15%
.
4
<
Apr,
7% Mar
14%
7
Jan
Jan
62% Jan
2,170
3%
Jan
450
13%
Jan
49c
55c
1,800
45c
Jan
60c
24
24
24
437
19%
Jan
24
18
18
385
17%
Feb
18% May *
67'%c67'%c
200
67'%c
Feb
1.45
May
13% May
5 %
Feb
8% Mar
17% Mar
8% May
70
—
Ranch
1.55
—
—
25c
•
—
—
—1
common
Apr
Sierra
Stores
Oil
Orig
6%
6%
Apr
7
7%
2,150
25c
200
20c
Jan
29c
Feb
35c
35c
400
29c
Apr
40c
Jan
6%
Jan
9%
50%
—
6%
Jan
9'A Mar
9%
300
38%
'799
34%
Jan
50
38%
Jan
41% May
849
48%
Jan
52%
Calif
50%
6%
600
41c
42c
5,200
33c
Mar
43c
12
12'%
1,030
10'A
Jan
13% Mar
1%
1%
400
%
Jan
1%
Feb
1
—
6%
,8%
3,662
6% May
9%
Jan '
(new)
-*
30
Corp
Corp
—15
preferred
a22'A
46
—
;
Ltd
16'A
Apr
130
'• f 23'A
23%
Apr
46
132
41%
Jan
46
Apr
62
26%
Jan
27%
Feb
4c
Jan
14c
Apr
a22'A a22'%
46
12c
13c
16%
16%
.
11,000
1,511.
'
Apr
15% Mar
14'A
1,253
30%
1,329
45
30
31%
31% •31%
531
30%
30%
30%
31
569
30
40
40
124
40
25
8% Jan
a28% a28%
13
45
25
Jan
45
25
25
C
5'%
30»A
—
25
„
B
class
12c
1
Co
:
class
25
•
Edison
preferred
•'
Apr
A.
Company
preferred
'if.
9% May
38% May
a41'A a41'A
—
6%
41c
preferred
«%%
Feb
2.00 Mar
23c
25c
38%
—.
75c
Jan
Jan
8c
•
Corp
Aircraft
Southern
9,000
Co
Inc
Oil
Trading
Sinclair
Solar
12,240
19c
-1
—_—
Security Company __1
Union
1.70
17c
Feb
Jan
May
common
Co
Corp
Aeronautical
Safeway
'
5% May
16'%
l'A
Oil
Oil
Warrants
Shell
,
„
1
25
common
Republic Petroleum Co
Rice
2l'A May
,5%
25
common
preferred
Lighting Corp
Richfield
30'% May-' '':
16'A Mar
15%
Jan
1%
16%
;
1st
Ryan
7
16%
__
Jan
Feb
;
55c
May
1%
8
a
14
2%
7
4%
3
Motors
footnotes
10%
13
*
—
Industries common,
General
22
116
55%
3
_
Truck.
15%
10%
43
Elec
Feb
5
1
&
Feb
16%
15%
—
1
Petroleum Corp
Gas
Pacific
235
16'%
Mfg class "B"
For
100
12%
15%
15%
Clay Products——————*
Pacific
12'A
5%
—20
Detroit
Pacific
43
116
10%
common. __10
common
High
43
1%
5
Motors
Ediso"
*
100
1
Oceanic Oil Co
12
■
McLaren
Ex-Cell-0
12%
12
3
Burroughs Adding
Chrysler Corp
net.roit.
_
_
Continental
Detroit
-
Rubber
100
.1,170
„
1
Last
Mfg
80c
30%
1
Friday
Low
80c
21'A
i
Nordon
High
__
29
10
Corporation Ltd
Northrop Aircraft Inc
Low
'v
14'%
21'A
Corp
Exchange
Range Since January 1
"
80% May
■
71
1
Company
A
A
Jan
19%
„
-
Apr
14% May
70 %
„
30
—
Co
Aircraft
Feb
Jan
May
29
Jan
■'
10c
Company
Petroleum
5%
115
16
__
21%
1
88
Apr
70
__
*
common
Apr '*
26%
-..Y'A'1
10
Co
Packing Co
Hupp Motor Car Corp
DETROIT
Randolph
"A"
Co
Holly Development Co
Chicago Stock Exchange
Building
Oil
Apr
33%
Jan
18%
26
10%
,
■
26% May
■
Mar
4'A
94
1,100
•
.77
- '•
'A
Jan
2.85 May
Feb
Consolidated Steel Corp
Preferred
of
4V2
Jan
24%
Jan
30'A May
52'%c May
Jan
21
80
4'A
__
1.75
655
1
Jan A"
5%
3% Mar
17%
84
—
5
High
8
Apr
1,768
a32% a32%
__
5%
7,900
a25% a26%
„
100
Corporation
29%
'YYt—'
*
common
300
__
—♦
com
Co.—
3%
45c
1
Broadway Dept Store Inc
Byron
300
3%
„
2
Low
6
—
1
;
Range Since January 1 Y A
High
6
__
1
common
Corp
Barnhart-Morrow
Blue
Low
50c
Los Angeles Investment Co
Drop
Jan
BROKERAGE
Sale Price
STOCKS—
Hancock
New York Curb
Telephone:
Atlas
Mar
5%
Angeles Stock Exchange
,
Lane-Wells
Baldwin
2%
i
Hunt
Briggs
Mar
FACILITIES
Member Los Angeles Stock
Exchange
Goodyear Tire
STOCKS—
Feb
10
Co., New York
Members
Ford
6%
Feb
Jan.
4% Mar
COMPLETE
Farnsworth
Watling, Lerchen & Co.
Stock
Apr
7%
37
.
Detroit
7
Jan
159
Douglas Aircraft Co, Inc
Stock
Jan
39
0
FAIRMAN
Electrical
York
Jan
Feb
7.%
5 % Mar
200
Jan
Mar
5
7
Creameries
Youngstown Steel Door——
New
Jan
39
Direct Private Wire to Allen
Bandini
Jan
44
105
a47% a48
.
7
1,042
*
51% May
a26'A a26%
a31
*
Steel
Steel
26%
„
•
100
3%
*
A
Feb
26%
a487A a50
3
8%
3%
1
class
53% Mar
24%
Mar
94
—
com
Feb
8%
3%
1
common
common
19% May
31% May
3
common
Jan
Apr
a47% a487/s
a47%
3
.
3%
12%
May
a30% a31
—-
500
.1,160
Mar
20% May
17% May
a42 %
—
5
13
12%
1
B
21% May
135
————
Iron
15% May
3% Feb
3%
Feb
20%
1
common
Jan
15%
2%
50
27% Mar
■
Rayon
13
Feb
May
3%
for
Glidden
438
7%
3% May
21%
21%
3
33
26% May
4
Jan
20
19
25,
Feb
Feb
20%
10
a51% a51%
common
Jan
29'A
15%
2
common
Aireon
General Electric
5%
280
*
Preferred
Apr
3l'A May
5% Jan
23'%
21%
*
__
11,179
33
1
1
11%
Unlisted—
Graphite Bronze..
Firestone Tire & Rubber
7
33
■
Apr
Jan
May
17%
—
Cleveland
Jan
1
common
Tube class "B"
Tlvoli Brewing common
Universal
29
May
26% Apr
18% May
Jan
13%
f
common
Radiator
Jan
24%
850
1
S
22%
120
18%
*
*
1
U
100
26%
17%
17%
Apr
20
a
29
26%
10
Car
Dist
Jan
Mar
3%
Paper—
Shirt
2%
55c
10%
Standard
United
900
Jan
Feb
3%
Feb
Jan
400
a26% a26%
...
3%
32c
5%
10%
Simplicity Pattern
Udylite
2,900
Jan
Jan
Jan
11
368
5
3
*
Addressograph Multigraph
49c
3%
2%
-
Apr
7%
99
31%
a7%
*
1%
30% May
7% Jan*
May
39'%
250
5
.14
Tube—
1%
1%
1%
46c
.>
-9'A Mar
13 % Mar
600
a25 % a25 %
1
&
15%
5
a 20%
Stores——
55
110%
\
Jan
15%
—10
Works—
Youngstown Sheet
39%
27
—-•
Motor
416
Feb
—*
Ohib—
of
4%
50c
;
—
Raisin
Mar
4%
6% Mar
Apr
11
*
Jan
Feb '.
25% May
23
260
Sheller Mfg
Warner
62%
——
5
15 %
Jan
2,543
common
W)
Walker &
26
\
—*
Jan
Jan
53% Jan
9
*
(H
May
25
150
10'%
—
23%
16%
v;
Feb
Jan
1%
6%
1
—
Motor
May
61
236
107
1
*A"
7%
Apr
30%
a
11
.4
Feb
26% Mar
Jan
54
common—*
—-r,.
Weinberger Drug
5%
114%
a57% a61%
10'A
—
Iron
49
50
30
Thompson Products Inc—
Dorn
60
*
Bros
Van
640
.—*
Electric————:
Oil
5%
25
—*
"B"—..
Corp
Standard
Jan
a28%
107
•
•.
__—
Patterson-Sargent
White
28%
•
Richnian
18'A
38%
Tile
Reliance
913
Jan
Mar
a55% a56%
—1*
Cement
Brass class
Jan
22'A
a32% a32 '%
Paving
LeMur
93
Feb
23%
Jan
*
————:
Acme
National
Nestle
a58
Sessions
&
Leland
Jan
80%
———
Lime
Medusa
20%
109%
a57% a60%
Laughlin
Island
Jan
1
109%
5%
a
47
.176
90
a
24
*
——
Jones
105'A May
50% Mar
27
166
50%
7%
115
—50
4%% pfd
_—i—.——
Steamship
Machine
105% May
— —
•
455
130
13% Mar
'
*
Rubber—
Interlake
Jan
Apr
21'%
a57%
5
common
(M A)
Harbauer Co
6%
12'A
109%
—,——*
&
100
250
90
a
21%
Navigation-——5
*
Rubber
&
IB Ft
Goodyear Tire
6%
a21'A a22
——
—_—4
Rubber
General
a21a
— —
5
High
12%
50%
*
Range Since January 1
Low
105% 105%
*
pfd
Mfg
Goodrich
Ohio
preferred
4%%
Shares
High
6%
i5
*
Iron
25 %
22%
I
common
Scotten-Dillon
12%
—.'A*'
100
——
Corp common
Faultless
6%
5
America
111
of Prices
Low
50
&
Mfg
for Week
Par
.
Rickel
Sales
Range
29%
I
_
River
Week's
Last
25
8
30%
common
Peninsular Metal Products
Prudential Investing
Exchange
Friday
Jan
6%
-
Davis
Parker Wolverine
STOCKS-
Jan
1%
1
.
Parke,
Cleveland Slock
5%
200
19'% May
26'A
7,155
1%
4%
28%
common
Abrasive
Murray Corp
Jan
7%
1
common
Prod
McClanahan Oil
3%
22%
*
—
Kingston Products
Kinsel Drug
High
350
1%
*
common
Mfg
Low
4%
6%
6%
10
"B"
Range since January 1
High
4%
1
Bearing
Houdaille-Hershey class
Hudson
Low
1
Valley Brewing
22%
Jan
62'%
Shares
1
.
19% Mar
Jan
4
370
19%
35
*
68%
Jan
207A
.
602
68%
19 %
Brands
15%
267
21%
5%
10
Oil
Btandard
Goebel
Michigan Die Casting
Michigan Steel Tube
Unlisted—
American
for Week
May
4%
•
23%
244
Sales
Range
Par
Jan
%;■
Week's
of Prices
Bale Price
High
6
67
46'4
—
■
Last
35
*
Pumps
II
STOCKS—
53
73
Kroger
National
Low
6%
73
A
MAY
Range Since January I
High
6%
100
1st preferred
8%
Low
-♦
Participating
ENDING
Friday
Shares
Par
Hatfield
WEEK
for Week
Sale Price
8TOCKS—
FOR
Sales
11
17% Mar
Jan
26%
14%
Jan
30% May
*Jan
43
.
Jan
*
»
Feb
32%
Jan
3l'A
**
Mar
May
Jan
45
Jan
40
May
■
Monday, May 14, 1945
& FINANCIAL CHRONICLE
THE COMMERCIAL
2140
OTHER STOCK EXCHANGES
RANGE FOR
Week's
Friday
8TOCKS
Pacific
•
1
i.
for Week
Shares
45
300
46% Apr
Chrysler Corp
39
1,841
6 Va
Jan
Jan
Jan
45
45
Curtis
6%
May
7%
Jan
Jan
Pub
Prior
Co
Power
.13 Va
64%
92%
Jan
116 >/8 May
1,280
9'A
Jan
13% May
1151
59'%
Jan
65 Vb
May
16
Jan
22'A
Apr
65 '/a
20'A
21'A
1,905
'
•
a
Corp
Milling
Taylor
California
Universal Consolidated Oil Co—
Oil
Union
of
11%
Jan
15
80
2,738
General
25 Va
Mar
Jacobs
Lehigh
Coal &
166
20%
Jan
20%
23%
1,675
15%
Jan
28
Mammoth
Black
Calumet
Gold
7%
10c
2%c
9c
Ltd———25c
4c
2%c
4c
—25c
8c
7c
8c
Company
Mines
Gold
Cardinal
Co
Mng
Mng Co
Cons Chollar G & S
Imperial Development Co
Zenda Gold Mining Co
7%
7%
9c
11c
2c 2%c
6c
9c
1.70 2.00
-10
10c
10c
1
1
Mining Co
Cons Mng Co
—
7%
6% Jan
1,325
11,000
6,000
3VaC Mar
2%c Jan
2%c Jan
41,000
May
Feb
May
5c
Mar
2c
9,000
9c
2.00 May
Jan
1.00
2.600
Feb
10c
Jan
7c
14,000
Feb
8c
6c
Feb
Power
Pennroad
; '
*
•
American Tel & Tel Co—
100
Amer Viscose Corp—.
14
Anaconda Copper Mining Co——-50
Corp
American Smelt & Refin Co
Amer Rad & Stan San
Atlantic
Refining
Company
Corporation
Aviation
Bendix
Aviation
Corp
Bethlehem Steel Corp——
Boeing Airplane Co —
Borden Company —
T
—
__
$1
Elec
Philadelphia
1
22 Va
10%
—
34%
34%
Light Corp
Power &
8%
7
—
Iron
Corp-i———.
•
—•
Int'l Nickel Co of Canada——
Tel &
Int'l
Tel Corp
29%
Corp
——•
McNeill & Llbby
7
——•
*
Kennecott Copper
Libbv.
Inc
Loew's
New
—
common
——
'Montgomery Ward At Co, Inc
•
RR—
Central
York
New
North
American
American
Co
Ohio
-•
Oil Co
•
.1
Pennsylvania Railroad Co
50
a—25
Motor
Paramount
Dodge Corp
Phelps
Pullman
Pure
Car
Inc
Oil
__
24%
26%
49 Vb
48%
49 Vs
352
42%
44'A
—-——
45
384
36%
Jan
45
1
25%
25%
50
15%
Jan
27'A May
—1
——*
8%
8%
25
8 J/2
May
47%
49j/b
302
42%
Feb
49% May
—.—.
Corp—
—
common,——
—
—
Mining
Transit Invest
Republic Steel
Mar
30 %
115
United
$3
395
68%
Jan
80% May
85
17%
Jan
20
Feb
100
34%
Jan
38
May
39 Va
Jan
40
Jan
59
Corp
common-
2%
2,205
2%
Jan
1%
2
237
l'A
Jan
2'/a
43%
-*
*
13 Va
.
preferred
—
Studebaker
1
25
Corp
Co_,
Bwift
Company
•Texas
25
.
-
-*
10
Co—
Gulf Sulphur
Texas
Tide Water Assoc Oil
133
20%
Feb
20 Va
United Gas Improvement
Westmoreland
43%
44
230
38%
Jan
44%
Apr
Mar
13%
Jan
17%
1,593
19%
19%
19%
437
34 Va
33%
35 J/2
92
15%
16%
10
20
Inc
Westmoreland Coal
.
—
1,285
4'A
Jan
107
16%
Jan
120
29 Va Mar
1,250
tt Feb
1%
Apr
Jan
22%
Feb
18
704
Western
&
Carbon
Union Tel Co
•
Corp
*
class A
50
Westinghouse Elec & Mfg Co
Common —.
New
12Va
—
Woolworth Company
(F W)
33%
21
Mar
Clark
23
May
Columbia
Jan
Shares
Low
6V2
Jan
20%
Blaw-Knox
Co
*
_
13% May
4%
Jan
6% May
532
38 %
Jan
43% May
185
40% Mar
"lO
54'/a
50
Jan
5%
Jan
50 "A
Jan
9%
Jan
42 V2
60 % May
Jan
8
A 52%
Apr
410% Feb
35
May
Jan
18%
525
31
May
35% Mar
7%
Jan
78
175
A»r
39%
Apr
9V2
Apr
78
Devonian Oil
--
-
Brewing
Follansbee Steel
_
—
Lone
22
Jan
Jan
5% May
20%
Jan
24'A May
Jan
22
24'A
273
21%
21 Vs
437
95
National
1
61%
Apr
27%
390
9%
Jan
514
19%
Jan
24 V2
20%
28%
48% Mar
51%
_*
Corp——
445
17 Va
Jan
12%
23 %
3,453
10%
Jan
725
19%
Jan
al06% al05% al07%
—
16%
17
a43%
a43% a45%
38% 38 %
60
101%
Jan
vtc
Steel——
Air Brake
Westinghouse Elec & Mfg
Feb
290
28'A Mar
3OV2
Apr
483
33%
Jan
Mar
27
a33Va
—
—
—
Budd
S5
Budd
t c_.
—
a33%
Mar
24
106%
Wheel
For
footnotes
Apr
St.
502
35 %
Jan
38 % Mar
a64 a65Vi
110
57 Va
Jan
62
26% 29%
a33Vs a33%
1,080
18%
Jan
page
2144.
700
Jan
90c
Feb
Mar
10
Jan
1%
Feb
12
79
9%
Jan,
3'/s
257
1%
Jan
3'/a May
2'/2
300
I1/2
Jan
21/2
37%
38'/a
100
30 '/2
—.
•
30%
31'A
405
33J/2
33'/2
33 Vz
38
Apr
31%
Feb
Jan
137%
Apr
116%
331/2 May
33J/2 May
300
iS>
Jan
Apr
27% Mar
34
196-
132 'A 134%
.121/2
110
31% Mar
34
49 Va
55
a54%
a55
102
a44Va
al9V2
a45
a20
210
a45% a46%
115
Jan
Unlisted Securities
84%
Apr
92%
117Va
70
33%
Feb
35
Apr
32%
Jar
200
1%
Jan
V. 59%
Jan
80
44 Va
2
Apr
68% May
Jan
48
Mar
Feb
123
17
40
Va"
41
of Prices
Shares
123
Feb
Jan
23%
May
Jan
41
Jan
American
Burkart
Inv
28%
Mfg
Range Since January 1
17 Va
Jan
157%
Jan
Columbia
Brew
Pepper
14
common
16%* Jan
High
25
Mar
165% May
22% May
Shoe
34%
National
Rice-Stix
Candy
Dry
Jan
30%
Mar
70 Vb
Mar
St
Louis Bank
Jan
43% May
13% May,
St
Louis
84'A May
85
Stix,
10 Va
16% May
Sterling
Pub
common—
Goods common.—
&
Fuller
"A"
com_.
common
Wagner Electric common
High
Jan
9
May
Jan
50
30
Mar
80
32'/2
8'/2
34
8
Feb
10
25'/2 Mar
i
Mar
25
425
24
Jan
15J/2
100
13 %
Jan
15 J/2 May
100
23 J/4
Jan
26
Apr
Apr
171/2
Jan
;
26
16 V2
35'%
:
30
:
16
110
34"
378
Mar
38'A Mar
17%
18 V2
10J/2
Jan
18'A May
53
50
51
Feb
53
May
18%
2
18%
2
50
14%
Jan
20
Feb
300
1%
Feb
2'/2
25%
40'/2
25%
40%
40
23
Jan
271/2
1
70
39J/8
Feb
41i/2
200
HJ/2
Jan
15
575
9 V4
Jan
14
-
15
—
20%
30
22
22
240
17'A
__
21 Vs
335
20
May
22
5
15
13
18 J/2
50
19
Jan
4
Jan
—
—
20
—
22
5
__
15
—
1
/,
__
I8J/2
39
13
18>/2
39
14
100
4%
39%
Jan
Feb
Feb
"
15
13%
4%
20%
29'%
—
*
15
9
7%
53
__
*
—1
450
•
100
*
common__l—10
26
16'/2
34%
January 1
'
__
Bldg Equip common—3
Serv
Aluminum
Baer
——
24'/2
15 'A
Range Since
Low
High
__
—
25
common—
Jan
May,
15'/2
5
100
Portland Cement com_
;
Light common
33%
Jan
__
*
Piping & Sply common
Steel
57%
205
8J/2
•
Missouri
Gas
Laclede
25%
16 Va
32 >/2
1
10 *
1
Midwest
Laclede
10
Jan
9
c
5
100
20
*
Christy
52
10 Va
common
Monarch common—.
160
50
Low
—50
——
—
43%
735
common
'36——
ser
S & D common
70
13%
Shares
*
1
common
29%
85
for Week
of Prices
5
Griesedieck-Western Brew com
41%
12%
i~,:
common
Brewing
Falstaff
28%
84 %
Sales
Range
1
common
70
—10
Week's
Sale Price
Century
Electric Co___,;
Coca-Cola Bottling common
Knapp
465
SL 593
Exchange
Friday
common
Laclede
2,586
7600
Associate
Par
Preferred
Low
High
22%
Exchange
STOCKS—
International
21%
22 %
Chicago Board of Trade
Curb
Hydraulic Pressed Brick com
164 V2 165%
20%
CEntral
Bell Teletype
Last
Dr
735
2, Missouri
Phone
Feb
28
767
St. Louis
St. Louis Stock
Jan
345
St.,
Exchange
Apr
Jan
110
Low
Stock
V
117Va
a33% a33%
22%
York
Mar
53
162
21%
New
39% Mar
20
55
al32% al35Vs
a45% a45%
4th
Louis Stock Exchange
Feb
39% Mar
Jan
Co.
1871
Feb
17%
•
North
Chicago Stock Exch.
Apr
29% May
Sales
164%
York
New
Apr
15%
see
l'/s
Members
17V2
for Week
13%
—
Co—
Jan
2'/2
—50
300
Jan
44 %
Range
85
preferred
4%
Edward D. Jones &
Jan
Week's
Securities Corp preferred. —50
—
144
9Va
Jan
Feb
Jan
—
—
12%
13%
—
5c
Asphalt Corp
(E G) Mfg Co common
7
Feb
May
11%
w—.
St. Louis Listed and
34 %
—
20%
Barber
9
423
Feb
18%
142
38% May
5%
58
Sale Price
Baldwin Locomotive Works v
Bankers
Jan
2%
„
—
Westinghouse Electric Corp new—
Jan
100
18%
May
23
Jan
15%
118%
6%
.
1%
1
1
Alloys
21
50
.
HV2
_1
WPoHnghouse
2% May
71/2
7%
...1
Steel Springs——
States Glass common
United
12% May
Jan
25
142
■
—
Co
Standard
•
*
Pittsburgh Steel Foundry common.
Feb
23
18%
—
Feb
1%
80
7
■
■
—
7
6
9%
2,467
142
23
'
25
Pittsburgh Screw & Bolt Corp
1,513
—
13
Feb
2,202
2%
1
I.¬
•
20% Mar
Par
common
Feb
12'/a
2'/a
7
12
—''
—
II10
Radiator
Pittsburgh Forgings
Pittsburgh Plate Glass—j
Feb
20'%
7%
Last
Company
98
Jan
Feb
180
19%
Jan
Friday
Autocar
Feb
10%
Feb
a27% a28%
a52 a54Va
a27%
a45%
I100
92
30
Apr
17% Mar
Philadelphia Stock Exchange
& Tel
8
May
22'A Mar
12%
6%
7
12%
Supply
Fireproofing
Preferred
Tel
Apr
Jan
7% May
431
12'A
12%
18%
105
22'A
95
—
—
12'A
Fuel
Mountain
Huttig
American
10 J/2 Mar
'
18%
150
8
7%
22%
——
preferred-
Hussmann-Ligonier
American Stores
15% May
Jan
13
190
24
»
McKinney Mfg
Common
Jan
Feb
41/8
10
Gas
Star
Vanadium
48 Va
91/4
775
21%
5
-
_
Refractories
Walker
Harbison
Renner
Apr
40
249
783
5%
Apr
Jan
30
10'A
24
*
220
15 Va
5'A
5%
Jan
9% Jan
790
34% Mar
Jan
32%
14%
14%
•
Gas &
High
Low
28 J/2
41
10
_»
^
A———
Candy
—
Electric common.
L)
(D
Range Since January 1
High
31%
Ludlum Steel
Allegheny
12'A Mar
19 %
210
tor Week
•
34%
Mar
5% Jan
380
STOCKS—
Par
26
1
.STOCKS—
20 Va Mar
35J/2 May
Jan
Sales
Range
of Prices
Friday
31 Va May
Jan
155
380
Week's
Last
Sale Price
Apr
277
a27%
10
Willys-Overland Motors, Inc._——
17% Mar
19 J/e May
30J/2
Pittsburgh Slock Exchange
May
17 V2
Apr
9
235
6
Feb
24
a92% a93%
Union Pacific Railroad Company—100 al257/8
al25% al28V8
United Air Lines Inc
10
a36%
a36% a37%
United Aircraft Corp
—.—_—5
—
29% 29%
United Corporation (Del)
*
—
1%
1%
U S Steel Corporation
;
.—..;.,65% 68%
Carbide
Union
Jan
2%
1%
—25
May
Apr
11% Mar
22%
25
1% May
Feb
48 Va
2,715
22'A
•
15
•
25
42% May
Jan
Apr
50
190
1,435
11%
Co
Socony-Vacuum Oil Co
Southern Railway
Company
Standard Oil Co (Ind)
Btandard Oil Co (N J)
6i
Jan
42% May
57%
218
Va May
19%
11%
•
Corp
Roebuck
Bears,
Jan
1%
Established
Corp of America
Radio
10%
1
Oil
Preferred
Jan
27%
10 Vb
19%
a52
19%
"
May
64'% May
26 Va
6%
7
a27% a31%
38 Va 38 %
—
•
—-
—
Mar
-50
210
6% Feb
470
•
;
Co
49J/a May
24%
-50
Jan
.
20
—
Feb
-50
1—
4,103
35
31
25
9%
23%
29 Va
Apr
680
/
Jan
%
38%
—
Co
Pictures, Inc
Packard
59%
—
1
10
Aviation, Inc.
North
—
39% May
19%
ii
a25% a25%
59 Va 59 Va
a26%
32'A Mar
468
«
18
—•
McKesson & Robbing, Inc.—
3
388
%
8%
8%
a78% a79%
a26% a26%
—
18%
39%
Jan
122
37%
18%
36%
18%
Wire
——-„_—.
Oil
Feb
20
5%
555
—
8%
Jan
1
570
34
29%
—
Mar
18
26 J/4 May
20
alOalO'A
—
Apr
32 Vb
7,600
614
Sun
Nat
Interlake
28%
Jan
Jan
21
1%
43% 43%
a42% a42%
a60% a60%
7
7%
51% 51%
—
Jan
30 J/2
42%
25
—
24%
167
pfd
common
Jeannette Glass
.
1,253
31%
25%
64 Vs
100
a7
28'A
31%
25%
1%
13%
a7
—
4,698
27%
31%
62%
13%
—.
—*
General Foods Corp——--————•
Goodrich (B F) Co
——*
Graham-Paige Motors Corp
—1
Great Northern Ry Co pfd
*
26 J/8
28
25
3
Paper
Duquesne
Electric
Jan
42%
—
General Electric Co
Feb
41
•
—
5
—*
Co
Bond & Share
Electric
39%
——1
Corp common————25
23
5%
19%
—
Jan
37% Mar
Tacony-Palmyra Bridge cl A partic—*
23
5%
19%
—
1
1
<,
A
Class
21%
10%
—
Continental Oil Co (Del)
5
Crown ZeUerbach Corp-——————-5
Curtiss-Wright Corp
6
al7
31%
1%
—
—1
1
Aircraft Corp
Continental Motors Corp_„
Vultee
5%
al6%
31 Va
1
Feb
32%
110
Tonopah
13%
a42
—
7%
4,850
7
Feb
14%
a 16%
Jan
39 J/8
38'/a
6%
Apr
Jan
8%
42
Solvents Corp__
5 J/4
37%
37%
6%
35%
Jan
57
57
al9% a21%
3,135
38 VB
37%
common
preferred
Scott
Feb
-10
,,
98
Apr
.
Apr
Apr
10%
57
10
412
Jan
39%
*
Jan
9%
Jan
195
13%
a42
May
7%
12%
9%
6%
230
—
13
77%
33
—
15'A
Jan
34%
42%
25
Jan
6%
85
38
—_*
Commonwealth Edison Co
25
Commonwealth & Southern Corp—___*
Cons
al.9
12 Vs
-50
preferred
Motors
20
437
875
42%
Company
10
Gas & Electric Corp-——_*
Columbia
al8%
Reo
6% May
Jan
4
May
957
11%
—.
Mfg
Insulated
Co
28
6 Vs
9%
Corp
2nd
Jan
927
1
Pow
21%
13%
11%
.50
Light
Salt
preference
Salt Dome
—
Service
Commercial
'34% May
<fc
Feb
70»/2 May
165% May
Jan
—
Caterpillar Tractor Co
Cities
Feb
29%
161
95
885
15
.—
Railway Co——25
Pacific
952
Jan
15% May
47 V2 Feb
—'-5
A——
Corp
a28% a29%
a50% a52%
a76 a80 %
a50%
a76
(J I) Co
Case
8
8%
91% 91%
a33%
a33% a33%
6% •'
5!%
6%
8
42 %
251
Jan
—
.-13
—5
*
Locomotive Works vtc
Canadian
—
5
Baldwin
Borg-Warner
—
a53%
—100
—25
3
S F Ry Co
A T &
—
S
(HI)—
Co
&
Armour
14% 15%
a47V2 a49%
165 % 165 %
a52% a53%
34 % 34%
*
12
1,233
90
Jan
6 '/a
Philadelphia Electric Co common
Phlla
Philco
• >
'
26%
62
13%
13%
Pennsylvania RR
Pennsylvania
1st
V
Stocks—
—
Corp
Reading
Unlisted
__—:
Engine Co
Navigation
Val'ey RR
Lehigh
Mining Stocks—
Juneau Gold
2,919
Aircraft
Mar
70'/a
51
44% Mar
463
68 J's
68%
50'/a
26'A
II10
Motors
Gimbel Brothers
National
Alaska
49%
Storage Battery—
34% May
3,279
.10
Electric
Feb
24%
23%
Jan
11%
10% Mar
23
a36%
Apr
28
a35% a37%
._5
_25
Air Inc.
Transcon & Western
16%
a
11
11%
-2
Corporation—
Yransamerica
16%
16 %
High.
Low
325
V-
13%
12%
13
64%
20%
_A——Light
&
Range Since January 1
.
110% 116 Va
„
common
preferred
Delaware
5
—
High
Low
•
0»/a
—
—
Sales
Range
of Prices
Par
High
39Va
626
43%
43%
Calif
of
Oil Corp
Sunray
STOCKS—
1
Range Since January
Low
45 V*
43 V»
Company-
Co
Oil
Standard
Shares
High
Low
Par
Southern
for Week
of Prices
Sale Price
.%
Week's
Last
Sale Price
Friday
Range
Last
WEEK ENDING MAY II
Sales
4% May
May
May
51/4 Mar
300
171/2
Jan
20% May
170
;
27'A
Jan
34
Mar
22
May
50
Jan
21'A
Apr
241/2 Mar
5 V2 Mar
200
Jan
15
111/2
Jan
13 V2 May
285
*
Hi/2
150
13
Jan
18 V2 May
280
35
Jan
40
Apr
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4385
161
CANADIAN
RANGE
LISTED
FOR
WEEK
MARKETS
ENDING MAY
11
Friday
Funds
Sales
Range
for Week
Sale Price
STOCKS—
Week's
Last
Toronto Stock Exchange
Canadian
2141
of Prices
Shares
Par
Range
for Week
Sgle Price
STOCKS—
of Prices
Shares
Low
Par
Abitibi Power & Paper
pfd
6%
•
Agnew-Surpass Shoe
Aldermac
Jan
19%
21%
40
2.20
16c
20,675
15,625
151/2
335
99%
99 Vz
115
117
104
105
47
80c
85c
3,400
9.25"
1,400
pfd. ,100
5%
7J/2C
1.90
1151
Canada
4,000
15
common
of
Co.
11c
High
Mar
21'%
loo
Ltd
44
12V2c
common
Preferred
Aluminium
1,165
2.20
21%
•
«
Algoma Steel
Low
50'%
13>%c
III
Copper
Aluminum
lie
common
Oil & Gas
Ajax
■
51%
Fast
22
Feb
Canadian
Anglo
81c
Oil
Huronian
9.00
Gold
6.50
184,050
Gold
Jan
Equitable Life
25
97
Feb
100
Jan
117
May
100'/a
Jan
105
May
73c
Jan
7.60
1.13 Mar
75c
229,500
5,300
27c
Mar
45 J/2 c
Apr
13c
6,000
6c
Jan
21c
Fanny Farmer
Candy
Grain
Federal
Kirkland
Mar
22'%c 25 %c
49,250
16c
Jan
29c
Apr
80c
7,800
49c
Apr
87c
Apr
71c
Co
Gatineau Power
Giant Yellowknife Gold
Apr
God's Lake
Apr
Gold
28
28
26 J/2
Mar
Toronto—
28%
28 %
29 Vz
185
27%
Mar
14c
15c
8,200
12J/2C
Feb
16
16
100
Scotia——„———10
Mining,—
*
Gold
River
Berens
14
Mar
30
Jan
Golden
30 J/2
Jan
Goldhawk
24 J/2 c Mar
Jan
1.79
15,900
1.52 Mar 1
2.35
Feb
1.90
49,528
1.55 Mar
1.90
Jan
3'A
39'%
Jan
Feb
4'A
5J/4C Jan
24%
Jan
28
59c
Jan
Jan
15c
Apr
May
38 J/2
38 J/2
28
28
28
29 J/2
15
;.'.V
22 J/2
Feb
Ill J/2
Mar
30
161
Jan
166
164'%
164 >/2
166
248
1
1
IOV2
10 J/2
11
1,300
1.10
1.20
800
90c
Jan
1
42 y2c
42c
46c
49,700
34c
Mar
55c
11
11
35
10
Mar
12
1.10
9.50
Feb
Graham
Apr
1121/2
Great
May
1.30
Apr
100
Apr
May
105
15
Mar
17
Jan
Feb
105
Mar
6.90
6.85
7.00
17c
17c
20c
20c
18c
23c
60c
59c
62c
37,300
30c
25c
35c
59,150
10c
9c 10 %c
9,500
18'%c
Gold
27c
Jan
85c
Mar
2IJ/4C Jan
35c
May
4c
14c Mar
Jan
9c
Jan
22c
6,700
78c
May
94c
10,300
83c
Jan
8c
6c
43,100
•V 10,900
3c
100
5
90c
Apr
53%
130
lie
13c
lie
25%
7,500
:7:7 50
713
13'/a
45
20c
21c
3,900
15c
—1
4 J/2c
8c
Apr
57
Mar
16'/2c Apr
Jan
11c
Apr
1.00 May
53% Mar
5,050
15c
25%
Apr
Apr
1.12
Jan
100
53%
—
53%
*
Ltd
Apr
82c
.
Mines
Mar
24c
1.05
1
—
Jan
28c
78c
6 '/2C
__50
pfd
11%
Jan
9c
1.02
Mines
Wihksne
Gold
18c 20'/2c
Feb
3%c Jan
78c
*
common—
6.50 Mar
7,048
1.03
1
—
vtc
101%
130,950
—1
—_
10'A
20,400
l
1
—
Gunnar
12
May
100
15
1
—
Co
Paper
Greening Wire
Feb
Apr
97
45
60
—^
;
Lakes
Grull
10
25
105
Bousquet
Grandoro
Apr
11 Va
Mining
Preferred
Apr
Apr
40
Feb
20
31
112 112 Va
11%
1
Mining
Feb
98 %
1
Porcupine
Feb
9.25
6.20 Apr
98
1
Gate
77c
100 102%
16 J/4
Golden Manitou Mines
May
112
Mines
6.25 May
11%
98%
•
Goodyear Tire & Rubber
1.68
1.81
*
*
Mining
Jan
37
3,750
104
Mines
Goodfish
1.69
6.50
16 'A
Mines Ltd
Eagle
6.30
*
Minesl
Feb
17%
10U
Bell Telephone of Canada
Belleterre
40
18
1.81
100
.
■
16,350
Goldale Mine
Nova
A
62c 66%c
Gillies Lake-Porcupine Gold
Glenora Gold
of
Class
1,599
Apr
4.30
122
100
;
;
Jan
of
————
28
common-
Apr
52 '/2c
■ —.
Wares
Apr
221/2c
Brothers
Steel
Preferred
4.25
Apr
preferred
General
1.90
80c
Jan
2nd
27
27'%
*
Jan
Jan
Class: B
19,050
100
Jan
15%
,
200
12c
100
Mar
3.60
13c
Beatty
3%
11c
common
preferred
74c
Bank
.
39
3%
lie
•
preferred
5 J/2 %
35c
10 J/2 c
_—_1
1
37%
A
5,300
20
Radium
class
36,100
15,533
&
Canada
421,768
186,975
Exploration
of
52c
17
Bear
37 Vz
*
1
1.80
17c
Beattie Gold Mines Ltd
May
Shops
4.20
46c
48c
A
9 J/2
Mining
4.15
■
17
class
Jan
8,837
common
1.45
.
16c
Power
8
6.25
6.40
41c
40c
Bathurst
175
5.50
»
11c
17
—10
9%
5.60
1
Falconbridge Nickel Mines
Exploration
Feb
17c
Metals
9%
„•
11 Vz
May
47c
Base
Apr
Frobisher
25c
1
Bank
Apr
2.23
25
—
63c
29c
—1
Mines
1.20
199,150
Jan
»
Apr
47c
Mines
Feb
Apr
16c
Mines
Jan
4.20
Consolidated
14 J/2
53c
Gold
16c
Montreal-—-—-—10
Bagamac
60
44,450
1.49
Ford
10c
Bank of
Bankfield
13
1.05
Francoeur
6,800
1.65
—
12
90c
1.20
May
96c
24,050
73c
Mines
3.05 May
6.75 May
97c
1
Gold
Mar
9.55
Jan
Jan
-
Geld
Jan
Mur
Mar
95
18c
23c
Aumaque Gold Mines
12
2.26
38c
1.28
Mines
18%
26c
Mines
Aubelle Mines Ltd
Aunor
Apr
23,750
5.25
Jan
20c
13c
Yellowknife
21c
6.20
5%
Atlas
Jan
1
Mines
14%
16'%c
Ashley Gold
Astoria Quebec Mines
11c
3.05
Elder
18c
Gold
Armistice
Apr
22,000
17c
2.90
Eldona
24c
Mines—
2.40
14 %c
Jan
80c
Mines Ltd_
Gold
Area
Arjon
2.50 Mar
Jan
15c
20c
92c
Gold
Jan
22c
2.95
Feb
40c
Porcupine
98c
33,800
•
12c
-
Aquarius
35,100
1.44
1
1,185
96c
1.70
1.20
Oh
Federal
Anglo
1.44
1.40
Easy Washing Machine
Apr
High
1.51
1
Co.
East Sullivan
2.20 May
.
Low
1
Mining
Crest
Range Since January 1
High
East Malartic Mines
Jan
141/2 c Apr
1.25 Mar
Mines
Duquesne
Range Since January 1
High
49
9c
49 '%
.100
Oil
&
Gas
Acme
Donalda
*
Last
•
Low
Sales
Week's
Friday
23c
Jan
May
23
Apr
30
12 J/8
Jan
13'/a May
11c
Jan
22c
May
Feb
Biltmore
Hats
Gold
Bonetal
Bralorne
Apr
11
Jan
54c
8%
Jan
11 J/8
Feb
1
16c
15c
19c
14,900
5c
Jan
24c
Apr
1
10 %c
3c
Jan
15c
Apr
13,700
12c
Jan
32c
Mar
15J/2C
Jan
45s
Apr
Hallnor Mines
935
141/2
Jan
18
Feb
Hamilton
Feb
27
Jan
Harding Carpets
Feb
26
Feb
Hard
—.25
27
27
40
26 J/2
Light & Pwr com—•
25 Va
24%
25 J/2
2,820
221/4
preferred,
22 J/4c
1,083
28,800
27
Cordage
Brazilian Traction
12,400
10 J/4
43c
37C.
17
49c
9%
Halcrow Swayze Mines
Halliwell Gold Mines
22c
38c
—
45c
10'%
24c
22c
—1
—
Ltd—
46c
•
May
17%
1
Mines
Mines,
Brantford
-
*
*
Ltd
Mines
Bobjo
Gold
1
Gypsum Lime & Alabastine_
Bldgood Kirkland
Jan
Rock
Harker
British
American
British
Oil
Columbia
British
Columbia
British
Dominion
Broulan
*
class
Oil
25 J/8
920
23%
Jan
25J/s Mar
Harricana
26
100
25
Apr
26%
Mar
Hasaga Mines
22 J/2
140
20 %
Apr
23 >/2
69,300
4.00
1,450
3.10
Jan
6%
7 J/4
250
6%
Feb
45c
42c
47c
19,450
42c
May
1
f--71c
70c
73c
12,900
69c
Jan
Buffalo Ankerite Gold Mines
»
5.60
5.50
5.65
3,100
5.10
Buffalo
•
53c
53c
59c
92,100
8 J/2c
8
1
88c
40,520
68c
Apr
90c
Feb
1
f
Apr
80c
12 %c
12c
13c
16,200
P'/2c Jan
15c
Apr
20c
65c
20%
21
340
Building
Products,,
Bunker Hill
class
20%
•
Extension
Bros
7c
181/4
6.50
Gold
Canada
Bread
class
Mines
65c
21
Jan
May
Mar
8c
12,500
3%c Jan
10c
55c
48c
55c
138,000
95c
1.10
20,131
54'A c Jan
77c
72c
77c
24,812
43J/2C Jan
47c
44c
52c
214,800
20c
Apr
65c
10c
10c
10c
1,000
10c
Feb
14J/2C
19 J/2
20
395
18
Jan
20
Mar
13
12 '/a
13
6,000
10 >/8
Jan
13
May
3.65
3.60
3.75
3,750
38c
35c
'38c
25c
17c
15 %c
17c
17,300
71,700
86c
76c
95c
132,200
27J/2C
1
45c
42c
46c
23,350
|[wf
32
32
33
505
50
—,
Dauch
&
315
10 J/2
Jan
15 J/2
Jan
1.75
1.78
1,500
1.70
Jan
2.15
Feb
112
.112
111%
Apr
112
•/: Apr
70
70
Jan
71
May
Canada Cement
10%
355
120
122
31
100
70
_100
120
common
Preferred
:
__
Oil
Home
Homer
Canada
Northern
Power,.
„—*
Canada
•
33 J/2
13 J/2
10
;y
■
; ::.'A-35-
63
•
9'A
Apr
Feb
118
•
/
!
Oil
Hosco Gold
&
Gas
-1
Mines—
Howey Gold Mines
Hudson Bay Mining & Smelting
Hunts
10% Jan
125
8%
25
Jan
10'% Jan
34
285
33
Jan
34 J/2 Mar
14
110
12%
Apr
15
172
V
54
1581/2
Jan
71/2
-
Ltd
class
'
*
A
175
13 J/4
13%
143
11%
Jan
44%
45
543
39%
Jan
46%
76
77
90
Id
Apr
77
14
1
Feb
International
Metals
Feb
International
Milling 4%
10C
Canadian
Bank
Canadian
Breweries
Commerce
24
•
24
24
"
•
100
23
525
Feb
!,l'i1^."'
'.-V
95%
95%
5% Jan
24'/a
95
40
Apr
14%
14%
585
14
Jan
15
12%
11%
13'/a
9,420
8
Jan
13 J/8
•
49%
•
49
49%
245
44
Jan
17
16
17
483
15
Mar
*
19%
17
Canadian Car & Foundry common—;—*
10%
New
common
preferred
Canadian
common
Canadian
Canadian
Food Products
Canadian
Industrial
Canadian
Oils
580
Canadian
Pacific
141/4
13
12%
13
120
1.35
1.25
1.40
6,175
Canadian
1.15
A
•
28
17%
Feb
preferred_100
Wirebound
Petroleum
38%
Patricia
Central
Gold
*
25
Chemical
Research
Jack Waite
Jan
50
17
Jan
Jason
1.60
31c
34c
19,200
10c
Jan
18c
»
J
15c
16c
12,000
25c
Mar
39c
Feb
7%c
7c
8%C
17,981
3c
Jan
13c
Apr
I
Mines
45c
43c
7,620
28c
52c
Apr
1
15c
13c
15c
5,199
5'Ac Jan
18c
Apr
8c
8%C
10,483
3c
Jan
11c
Apr
78c
Apr
17
Apr
19'A
Feb
Jan
14'%
Apr
Mar
1.30
Apr
—-
Consolidated
M
Joliet
1
14
13%
14'%
Hudson
1.00
98c
1.00
9,580
3,500
62
63
1.33
Kerr-Addison
:
191/2 May
49% Jan
15
*
7
275
17
75
1.25
40
15
6%
16
16,165
165
-
70c
5%
150
11%
1,659
Gold
May
Kirkland
7 J/2
Jan
Kirkland
Townsite
17%
2.79
25c
Mining
Jan
27c
4%
Jan
1.35
Jan
Jan
Lake
1.35
104,271
20c
23c
5,500
3.20
3.20
3.40
1.15
1.20
1,700
19c
16c
20c
58,000
24%
23%
24%
5,956
8.35
8.25
9.15
8,110
6.15
18
18
40
15%
Jan
18'% Mar
18c
-5
Gold
Apr
18c
20c
37,700
9c
Jan
22c
Apr
17
119
Jan
17
Apr
Lang & Sons.,.—
2.90
Apr
Lapa Cadillac Gold
1.00
Jan
3.00 May
Laura Secord
2.79 May
Lebel
1.89
Jan
4
Mar
25c
Jan
Jan
33c
5'%
Gold
Jan
Lexinden
Mar
57c
294,800
3.75
3.75
3.95
16,500
2.94
Jan
•
13 J/2
13
13%
620
12 J/2
May
62c
67c
18,500
43c
26c
26c
500
67c
68c
4,000
0
Commonwealth Petroleum
.
•
%—C
5
Cuniaurum
V
Mines
Mining
& Smelting
Consumers Gas (Toronto)
5
100
75c
67%
58c
Apr
68c
May
Manitoba & Eastern Mines
Jan
1.74
26
26'%
45
1.60
1.65
95c
1.00
'mmm.
14,320
Jan
23
Jan
Jan
1.50 May
70 J/2 May
149%
Feb
1.60 Mar
—
1,900
60c
Apr
Red
Lake
Gold
Leaf
Gold
Mines—
Fields
Milling Co
Davies
Petroleum
1.92 Mar
1.10
Apr
Gold
Distillers
Dome
1
Mines
1
Seagrams
Mines
14c
*
Delnite Mines
common
Ltd
•
•
1.90
14c
1,000
12%c
Jan
17c
1.65
2.00
6,369
1.15
Jan
57
27%
Oominion
Dominion
Dominion
Bank
.10
Foundries & Steel
halting
Steel
Dominion Woollens
footnotes
*
8c
2,100
3%c
Jan
57
60
300
42%
Feb
2,947
25 '%
27%
28%
Jan
Mar
Mar
13c
60
Apr
28 %c Mar
181/2
19
1,095
18
Feb
19'%
25'%
25%
465
24%
Feb
27
Mar
.25
14%
Feb
17
8
May
J/2 Jan
Jan
17
May
common
Jan
10
page
2144.
17
17
10
7%
7 J/2
7%
1,855
7
15 J/2
17
585
14
9%
B
,
see
19
25%
16 'A
_<r
class
Pto^o*
For
com.
9%
_
10,850
1.60
Feb
13c
Apr
23c. Apr
17%
Jan
24% Mar
16
3c
1.15
35c
1.23
Jan
Jan
Jan
Apr
Jan
9.15 May
10c
1.50
45c
Apr
Feb
Apr
1.70 May
26% Mar
28
Jan
25
Mar
27
Feb
89c
Jan
2.09 Mar
.
4.50 May
8.883
3.85
Jan
1
3.25
3.10
3.30
32,930
2.25
Jan
3.40 May
2.75
2.70
2.85
25,405
2.17
Jan
2.85 May
3.85
3.75
4.15
37.500
3.25
Jan
4.15 May
5 J/2C
5C
6c
30,000
4.25
4.50
4.25
12%
12%
~2C
Jan
9c
130
12
Jan
iey4
,
17%
Apr
8c
Jan
Maralgo Mines
19
19
19
145
14c
Preferred
10c
14c
7.000
8% Mar
20
15'/2C
9%
10'/a
3,438
23%
23%
865
21%
Jan
24%
10%
10%
10%
1IO
8%
Jan
12
common
Preferred
Apr
Feb
Feb
Apr
10'/a May
10
23'A
Massey-narris
McColl
Frontenac
Oil
common.
Preferred
—
Mclntyre Porcupine Mines
McKenzJe
McLellan
Red
Gold
McMarmac
Lake
9%
1,535
7%
Mar
'
Mines—
•
loo
*
Jan
105 J/4 105 J/4
11 %C
9%c
•
12c'
15
14,500
105
May
107
Feb
Feb
8c
Apr
12e
59'A
Jan
677/a Mar
May
—5
63
62
63
1
1.72
1.65
1.85
30,200
1.35 Mar
7c
7c
7%c
4,111
4%C Jan
8c
Apr
P8c
28c
30c
4,000
16c
Jan
45c
Mar
31J/4C 33J/2C
12,900
22%C
Jan
35c
Apr
17C
Jan
34c
Apr
1
Mines.
Gold
Lake
Red
McWattefs Gold
Dominion
310
1.80
1.05 Mar
Mar
520
2.00 May
7J/2C
•
320
26
1.60
3.45 Mar
I
common
McDougall Segurs Exploration..
Denison
27
26%
25'%
Jan
Mar
27
1
*
Manle
Jan
1.21
52,975
30c
»
May
Malartic
49
1.70
25,233
2.35
Jan
Jan.
1
26c
1451/2 Mar
1.50
1.62
1
Ltd
Mines,
Jan
1.45
70
1
Macassa
23c
3,300
2,238
4,720
47.800
_
Madsen
1.70
148
17,730
42c
26%
1
MacLeod-Cocxshutt Gold Mines—
Apr
1.36
8c
1.45
39c
*
Apr
2.25
70%
A—
70c
Jan
146
class
Goldfields
Jan
1.33
64%
:
7c
1.40
1.55
•
Lac Gold Mines Ltd—
Jan
300
1.30
'!!«•»
v*.
7c
14c
Apr
3.95 May
1.61
1.61
.01
40c
13%
1.95
—*
Croinor Pershing MinesCub Aircraft
Apr
1.81
•
Conwest Exploration
Cosmos Imperial Mills
32c
H CO
1.40
1
Ltd
Class "B"
Louvicourt
a
16%
—
Groceterias
Loblaw
Jan
—
Candy—
Mines,
Little Long
2.42
60c
Mines
Mines
Oro
Leifch
May
1.50 Mar
65c
Mines-—
25 J/2
Jan
J an
42C
Ltd
36,400
1.00
1.35 May
1.21
Mines
Mines.
Shore
Lamaque
5% May
Gold
Fortune
Jan
12 J/2 c
210
11%
50c
1.16
& Exploration.
1.80
15,550
-
May
15% Apr
Apr
1
1.35 May
23c
20'A
v
35,350
4%
Lake
165
1.56
53c
Jan
Feb
Labrador
Mines
Lake
Jan
Mar
5 Vz May
300
2.50
*
—1
47c
Kirkland
300
27c
Jan
15 %c
Mar
1.21
2.58
Apr
I—I—1
22 Vz
1.21
-
24'% Mar
375
1.15
Consolidated
Apr
May
Apr
20%
10
Coniagas Mines
28
112
Jan
10
410
.
Feb
May
21%
112
1.40
230,000
6,113
Ltd
Apr
21%
19
1.50
Commoil
Apr
1.40
4,075
1.09
2.10
Lake
13%
8,000
19
1.25
Coin
15% Mar
Jan
Jan
13%
1.45
85c
1.90
Mines
Jan
12%
71c
23'%.
19
1.50
Gold
Jan
23
99 c
1.95
Mines
Jan
19 Vz
1.40
Quebec
2,000
*
Co
23J/2
Jan
1.45
Kelvinator Co
Ohesterville Larder Lake Gold Mines—1
Willans
Apr
18'/a
23%
Mining-
Mines
Jellicoe
Jan
13
Chromium Mining & Smelting
Plow
20
Jan
Apr
4,000
Cochenour
35'A Feb
1
May
10
40c
Cockshutt
Mar
Jan
•
Mining
Jacola Mines
19 Vz May
34 %c
Citralam Malartic
46c
30
38% May
30
25
_1
Apr
34c -,Jan
32c
Uranium
Jacknife Gold Mines—
Jan
May
May
35 J/2C
—
Apr
Jan
49
2.85
41
1
Apr
19c*
1.09
Apr
31%
Apr
25
1
20
Jan
2.85
1
i
—
3J/2C Jan
43c
14,075
27%
1
Mines
—
Feb
4.30 Mar
Jan
Mar
-
45J/2
1
Porcupine Mines
Chauteau-Gai Wines
460
V.
38%
10
5%
Central
28
V 112 '
112
37'/a
60
14
15
Boxes
28
-
,
•
common
35
165
Shipbuilding
Canadian
1,577
49
1.15
25
Cariboo Gold Quartz Mines
Castle Trethewey Mines
14%
10%
6%
100
Ry
Apr
-
29%
16%
•
preferred
'
14%
,
Lake Dufault Mines Ltd
Canadian
>• 160
19'/a
62
7
*
Malartic
20
-
19
19%
62
A__*
com
19
■
International
Jan
■
19%
*
Alcohol
'
24
"
*
Locomotive
v
49
1/
Dredge & Dock
19%
10 Vz
29
—25
Celanese
Canadian
95 J/2
14 %
preferred
May
May
•
Preferred
Canadian Canners
Conv
7
____10
_.
common
common
International Nickel Co
May
International
Preferred
77c
•
£__*
common,.*
Apr
Mar
77
—-
Bakeries
20
.——
Imperial Oil —————.
1•
Imperial Tobacco of Canada ordinary_5
Inspiration Mln & Devel
1
Jan
45
*
Class B
Canadian
3.05
Apr
1.23
Jan
13'.4
common—*
—50
——————
Wire & Cable "A"__
170
172
Mortgage,—100
Steamship Lines
Preferred
Canada
8%
53%
.__0
Permanent
Canada
8%
•
*
Class B
Mar
'
i
Yellowknife
_10
Canada Packers class A
■
Apr
14
7c
1.76
_*50
Feb
98c
—
Paper—
Hollinger Consolidated Gold Mines.
10 Va
A
Class B
6'/a
;
1
Homestead
-i—*
Calgary & Edmonton
307
——————l
Hinde
Jan
13 Vz
•
B
7"
Heva Cadillac
Feb
78c
Jan
Burns
Apr
6%
82c
Heath Gold Mines
73%c Jan
Apr
Gold Mines
77/a
6%
Highwood-Scarcee Oil
Canadian
4.00 May
Mar
•
Porcupine Mines, Ltd
lie
3.60
•
Mines
Mines
26
24%
:>|26.
—•
A
Gold
—
9%c
1
*
—_
Gold
22
25
Packers
Power
—
Bridge Co
1
•
Mines
v
33i%C
1.85 May
Jan
Apr
Mid-Continental
Mining
&
Gas
Knitting
preferred—
Light
Heat
lioo
—1
Porcupine
Montreal
»
*
Corn
Monarch
Moneta
Oil
&
Power.
•
22c
20c
22c
38,100
6.15
5.25
6.25
39,41.7
129 130'A
498
130%
84c
80c
23
22%
84c
23"
33.200
699
1.99
Jan
6.35
ADr
130'A May
92
Feb
53r
Jan
1.10
Feb
20J/2 Mar
24'%
Apr
THE COMMERCIAL &
2142
LISTED MARKETS
CANADIAN
FOR WEEK
RANGE
Monday, May 14, 1945
FINANCIAL CHRONICLE
ENDING MAY 11
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
Friday
Week'*
Sales
Last
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
Corp
Moore
—
—*
1
59'A
29c
•
—
*
25%
18%
common
Lac—
Mosher Long
National
Par
Grocers
common——
National Sewer Pipe "A"
—
•
100
National Steel Car**———
National Trust
j
Mines
Noranda
•
——
54
1.28
18 %c
1
Oil
Nordon
60c
Malartic Mines—*«.-**»—1
Norbenite
3
•
3.40
45c
3.30
45c
3.75
45c
Mines—«.*———*
Gold Mines——
1
30c
49 %c
16%
-*
—
*
North Star Oil common
Preferred
Mines
Gold
O'Brien
Oils
Okalta
.
O'Leary Malartic
Omega
Steel
Ontario
-
Orange Crush common
•
•
1
*
Pacific Petroleum
*
-
—
Page Hersey Tubes
Ltd
Porcupine Mines
Pamour
1.65
35c
—1
Paramaque Mines ——————1
Partanen Malartic Go-Id Mines—,
1
Paymaster Cons Mines Ltd
1
Gold
Perron
Gold
PicJcle-Crow
Co
Powell
River
Rouyn
85c
40c
90c
40c
19%
1.90
1.55
Gold
1.75
1.70
y~,;:.yy 54
1.75
54
16
3.40
Co—
1
Premier Trust' ——_*—**—*———Y'
Premier Gold Mining
———1
Dome Mines——
—1
Pressed Metals
East
Preston
**—.
Proprietary Mines
3.20
*
—
Quemcnt Mining
1
1
-
Roche Long Lac-*
Royal Bank
Royalite Oil
Gold Mines
—1 *
-
*
—10
Corp common-
Class A
—-
—
300
Senator Rouyn,
Shawinigan
19
4.75
11c
1
Mining
Sheep Creek Gold
.
Sherritt-Gordon Gold MinesSigma Mines
1
Silverwoods Dairies
1<15
18
16c
1.25
1.30
70c
72c
*
common
15%
16%
10%
16
10%
10%
9%
Preferred
preferred
4%%
New
Slater
(N)
South
End
;—****.
—
Petroleum
Southwest Petroleum
,.
—
*
7%
4
—
Chemical
Preferred
of
Co
Preferred
_*
Canada
•
common
Rock Iron
Mines
_
Sturgeon River Gold Mines
.
Cons
*-
•
—1
;
Toburn
Finance
Transcontinental Resources
Consolidated Paper
65c
Dominion
Apr
Donnacona Paper
2.40
Jan
4.35
Jan
United
Mar
46c
Apr
98c
Jan
81c
Jan
1.98
B
1.15
60
12%
11
May
36c
Mar
60c
15c
Feb
40c
YY:
'»l
Oils
»
Steel
4%c
Jan
10c
Jan
28c
65c
Apr
17
15
Jan
:
19%
22% Mar
Jan
28%
285
Agnew-Surpass Shoe
Apr
300
Ventures, Ltd
Vermilata Oils
•
13%
9c
Jan
3%
4%
2.50
21%
Feb
4.05
14%
Jan
4.90
Jan
18c
Mar
31c
Jan
1.45
Apr
16%
Feb
3c
Jan
17c
Jan
65c
Mar
18
82c
Jan
100
58c
Apr
Mar
Asbestos
Walker-Gooderham
&
20c
23c
Mar
23
Jan
Jan
85c
*
Feb
64c
25
Mar
3c
Jan
9c
Apr
15c
.
Feb
30c
Mar
i 1.25
Jan
1.84
7
Apr
8
3%
Feb
Feb
Mar
4%
Jan
14
May
15
May
7
May
8
Jan
68
Feb
74
Feb
72
Mar
77
May
2.40
Jan
3.38 Mar
Feb
36c
May
4%c Jan
15c
4.80
15
3.50
Apr
Jan
17%
Apr
Jan
5.60 May
51c
Jan
88c
Lake Gold Mines
10
footnotes see
page
2144.
Apr
Apr
Sales
Shares
High
Low
High
22
15%
453
117%
103
115
*Jan
22
May
14% Jan
19
Jan
20
85.
94% Jan
,y
100%
Jan
117% May
105 % May
105%
278
13%
13%
50
13
Apr
53
53
15
53
May
54%
Feb
24
13%
24%
24%
960
20
Mar
24%
Apr
16%
325
14%
Jan
16%
«•
100
•
& Paper class A
Telephone
Y
105
105
—50
Co of Canada
Brazilian Traction Lt & Pwr__
Bell
Range Since January 1
Low
*
Bathurst Power
Columbia
British
Corp
Power
Bruck Silk Mills
24%
25%
22%
25
22%
Feb
161
162
166
166
166
"A"—*
•
Dredging
Bulolo Gold
22%
6,270
Feb
15%
Jan
17%
Feb
May
166
25% Mar
Preferred
preferred
Iron Foundries
preferred
5%
Breweries common
Canadian
Preferred
;
Foundry common
Canadian Car &
Canadian Fairbanks
Canadian
"B"
Class
preferred
Investment
Ind Alcohol common
Foreign
Canadian
—
—,
Locomotive—
Canadian
Railway
Canadian Pacific
Plow
Cockshutt
Smelting
Consolidated Mining
Consumers
Glass
Mar
17
Dominion Bridge
May
90c
Jan
3.05
48c
108
Dominion
Apr
May
8
Jan
3.15
Feb
May
9%
Feb
;
8c
Feb
37/8
Apr
5%
Jan
Mar
2.60
Jan
Apr
Jan
330
28
Apr
30
Jan
May
190
46
Jan
49
34
120
Apr
120
46
90
33
6 %
550
12.934
14%
15%
13
13 % *.
67%
64%
70
190
58%
31%
32
11 %
11%
12
12
11%
7%
16
15
74
74
/
0
——*
i "
Products
General
5%
Power
preferred
24%
Steel Wares common
I——*
Preferred
75
74
78
601
69
Mar
79 %
Apr
21%
21%
21%
485
21
Apr
22 %
Feb
1.54
1.50
1.60
18,700
1.77 Mar
23
98
16
•
Alabastine—
Y
May
33
Jan
37
May
Jan
Jan
Apr
42
Jan
61 ' v May
29
Feb
32%
Apr'
11% Mar
12%
Jan
J an
12%
Apr
27%. Jan
30 %
Apr
7% Mar
8%
Jan
9%
14
Jan
16
12%
Jan
15% May
315
72
Jan
74
Jan
10%
Jan
51
.{.Y
.
8% May
16
Apr
May
175
Jan
6%
Jan
25
<
12%
25
24 %
Apr
28%
480
Vy
20%
Jan
23
Apr
97
Feb
100
Mar
95
100
16
" 105
'TO
10
Apr
13%
70
185
98
105
•
100
15%
Apr
Jan
42%
57
24%
23
100
8%
Feb
12%
175
Y
16
8%
Jan
Jari
38%
130
15%
16
—1
—•
Jan
7%
17%
250
.
9
.''.Vy"
; •/* v
Corp
Heating
Y
Apr
Mar
30
15 %
74
7 t/.
2
351
16
15
47
49
551
39
57
57
Apr
1.1%
1,605
25
*
Tar & Chemical com——*
Textile common*
•
6 %
75
16%
36%
Apr
15% Mar
6%
37
Jan
6%
5
6%
6%
13%
20
15%
102
Apr
Jan
935
8%
Jan
425
ioy8
6%
Feb
8% May
17%
105
11
Jan
Jan
Mar
Feb
'
Hamilton Bridge
*
5
Y
Howard
Smith
Paper
Preferred
Hudson
Bay
common
.
Mining
—
j._*
100
*
6%
6%
1
21%
110
32%
6%
7%
Jan
12%
13
Apr
•
Jan
13
29
16%
Coal B—.
Hollinger Gold Mines—.
1.20
Mar
49
16% Mar
5.10
10
7,377
Gatineau
32c
44%
275
7%
11c
Feb
49% May
8%
352
120
English Electric class A__—*
Foundation Co of Canada
•
Jan
13% May
Jan
7,730
10%
48
Apr
4.60
Jan
13%
49%
7%
Mar
12c
13%
46% Feb
38
18
1.85
4,534
Jan
Jan
15
25
•
5
*
30
Jan
11%
40
6%
46% Mar
12
648
276
6%
Apr
Mar
Feb
13%
16%
16% May
Jan
Jan
8%
7%
45
100
*
•
*
*
43
27%
10%
555
30%
Enamel
&
Apr
Jan
200
30%
Dryden Paper
.
Jan
12
45
Stores .Ltd
Dominion
123
Jan
—35
Dominion Steel &
Apr
Feb
10
101
—-—4
Jan
119%
120
49
Dominion Coal pfd——————25
Dominion Dairies common——
*
Preferred
10%
r'vY:*;'5
28%
28 %
*
•
Distillers Seagrams com
20% May
Jan
10%
Co——-——*
Cork & Seal
Crown
Jan
9«%
11%
%
49
—*
Celanese common
Canadian
17
361
49
12%
*
*
*
25
preferred
New
Mar
44
45
-50
Jan
21
13%
13%
:
12
Jan
10%
8%
Steamship common
Jan
615
*
122
10%
10%
23%
11
18%
21
40
122
122
Power
Northern
Canada
Y
10%
10
10%
Feb
Jan
200
11%
21
75
20%
•
100
*
Canada Cement common
Canada
11%
20%
*
5
Building Products 'A'
Dominion
s
For
Mar.
1.64
19c
for Week
Jan
l
com
Jan:
Funds
Range
May
20c
75,500
4.70
Jan
1.30
7%c
Week's
*
pfd—
Canada
•
Worts
Preferred
Wasa
23c
4.70
24c
1,500
11,700
of Prices
*
preferred—100
Corp
Mar
101
Mar
Jan
...
50c
4,694
1
16c
■
T
1.30 Mar
1.06
1,210
»
,
Mines, Ltd
60c
13c
38,200
44c
1.60
22
Electric Corp
Gypsum, Lime &
Waite-Amulet
Feb
6c
6C
35C
Feb
'
29,225
13%
Apr
15%
Aluminum Co of Canada
Amalgamated
-
Feb
Feb
5^c Jan
2,500
4
-
9%C
common
Ltd
Aluminium
>
May
2%
1,055
2.25
1,000
Feb
Sale Price
Steel common
Algoma
30% May
18%
1.60
8%c
Feb
3%c
Par
Anglo Canadian Tel Co
Feb
20,200
__
14%
1.59
STOCKS—
Feb
36%c Jan
1.95
4%
Feb
Friday
Apr
1.75
2.30
12
12%
Canadian
97aC Feb
Jan
i
32% May
10% Mar.
1,725
43c
Mining
Feb
1.39
Jan
•
25% Mar
250
13%
Montreal Stock Exchange
9.35 May
100
Upper Canada Mines Ltd
180
10%
12%
1.60
Feb
Jan
18c
10
United
32%
5
Jan
10%
.;
„
13c
Jan
Apr
1.00
265
45
United
32
Jan
40c
13
.
1
1.15 Mar
Jan
43c
24 %c
17
28c
"
3,210
20
29
8,125
Jan
42%
Mar
39c
108
43 %
2,490
38c
Last
41
35c
108
29
Jan
8%
34c
10%
•;y(Y
Apr
7%
6% Mar
3,500
43
9%
,
3.40 May
16%
3% May
Jan
8%
35c
«
Apr
4.05
17
Jan
Feb
3.40 May
.2.45: Jan
Jan
„
May
2
Mar
16
—
,
24
Apr
Mar
13% May
48
Jan
43
*
Jan
26
100
1,189
2.00 May
1.50
*
1
class "A"
Jan
3.30 Mar
1.65 May
Jan
139
24
-
Temiskaming
Feb
20
16%
Jan
3%
1
Oreille
Apr
2.25
8
Selections
Pend
130
32
250
24
■
8% Y
Paper
Osisko Lake
Apr
May
131
1
High
Low
3.20
V
3.20
;
3%
Range Since January 1
High
■:
*
Oil
l.OO
Apr
25c
7,200
50
Corp class A__
Class
United Fuel
Jan
Sales
——
6.75 Mar
79c
*.
Apr
3
Y'Y
_•
Ontario
&
Minnesota
4.00 May
2.45
8%
Feb t
Funds
130
•
Apr
1.75
10,895
8%
35%
.131
100
_*
Bridge Co
5%
Jan
66,928
„
32%
Low
Oil
Dalhousie
Jan
1.75
•
Gas Co—
$1,000
Shares
.
Electrolux
Union
35
I
for Week
•
5%
150
2.34
—
Apr
3.45
35c
•
preferred
A
Apr
12c
Feb
Jan
3.40
2.25
3%c Jan
1
Feb
4.60
10,600
Range
I"I—1 :;Y
Marconi
1.06
840
1
100
Towagmac Exploration
Traders
Canadian
4c
4,000
17
2.30
1
Gold
Apr
14% May
15%
*
May
Feb
16
Tip Top Tailors common
39c
64c
10%
6qc
•
Jan
21c
Week's
r-'Y
& Dominion Sugar
Canada
J an
37c
26,755
9,020
Thompson-Lund Mark Gold Mines
Jan
3.30
of Prices
common
Mar
Apr
5.60
70c
5.20
Co
Feb
1.75
Jan
preferred-
British Columbia Pulp
8c
125
1
.
1.19
10%
17
68%
18%c
19Vic
Par
18% May
17
5.15
65c
.
Sale Price
STOCKS—
28c
3.25
"
Y
■
25c
Friday
May
2.95
3.30
Jan
30
4.50
2,180
79
4.30
-
Canadian
115% May
11,400
3.40
17
62c
Feb
15c
1
83
7
10
,
Mar i
Exchange-Curb Section
Toronto Stock
Brown
165
85
14,550
13c
•
Mar
Feb
77
Jan
20
35
v
Apr
May
71%
Apr
8
—I
6s
Feb
67 %c
50c
70
625
13c
Tamblyn
(G) common—
Teck-Hughes Gold Mines
18c
Feb
99
300
2.65 ' 2.85*
35c
36c
Jan
9
15
7
1
Mines
Sylvanite Gold Mines
10c
47c
15%
4%
41c
Apr
61,100
79
4.35
9% Mar
220
252
77
71
Y_Y'
2.75
35c
1
Sudbury Contact
Sullivan
,
—25
—.
-
Uchi
Feb
7%
Jan
79
;
16% May
Jan
13
29,300
15
17,000
500
8c
6
32c
28c
7
.100
Yankee Girl
Ymir
Apr
Apr
71
—
—
1.54
68c
10
14
7
Y—
*
——
—
Standard Radio
9c
18c
1.45
—
Standard Paving common-,.—-—_*
Standard
24%
8%c
18c
.
1.50
•
Sturgeon
Springer
24%
—
8%c
18c
61c
Feb
Last
931
113
10,675
58c
101%
Feb
Jan
6
335
60c
1
20
—*
-——*
Mines
Malartic
Bladen
*.
Mines
Gold
Feb
30c
—
—
Apr
16% May
670
14%
100% 100%
68c
74c
13
Preferred
16% May
18% 18%
Jan
99
Apr
58c
39c
Jan
14%
100%
73c
*
—100
1
Class "B"
3.90
Jan
Jan
12%
18%
Simpsons Ltd class "A"_—
Biscoe
,
18
15
Feb
34c
13,231
9
*—*.———1
6
2.26 Mar
1,900
72c
305
Feb
Jan
42c
210,400
15
54,200
1.25
'20
Apr
7%
22c
805
35
175
45
7,817
4,000
»
15%
1.63 Mar
Jan
5%
66,970
500
85
91c
18
14c
99c Y
18 .
15c
1
*
-1
50c
1
Ltd
——
Shawkey Gold
Steep
29c
Jan
5
8,500
19,300
2%
2%
19 19'%
4.75 4.90
10%c
11c
—
Mines Ltd*——1
Antonio Gold
Sand River Gold Mining
9%C
20c
30 30%
300
300
30%
100
—*
—50
Preferred
Lawrence
55c
16%
20
—10
*
-
Russell Industries common—
Steel
Jan
1.10
2,700
17,850
102,609
9c
17c
15%
19%
Apr
12 %c
210
53c 60c
16% 16%
19% 20 %
9%c
18c !,
Feb
Bonds—-
330
2,700
12,900
435
95c 1.00
1.10 1.20
7.50 ,9.35
98C ;
1.10
9.10
Gold
Rouyn Merger
42'%
X
—1
———»—*
Queenston Gold Mines
Ban
89c
5,500
12,350
9,600
...■
Apr
18%
101% 101%
15%
101%
Wright Hargreaves Mines-
Apr
Feb
5,500
12,Y 12
50
53
19c 21c
6%
6%
42% 42%
—
53
19c
6%
Prospectors Airways
Purdy Mica
**——.——1
Purity Flour Mills new common.——
New preferred
Quebec Gold Mining
16
3.10
__
154%
Jan
■
Jan
63c
4,250
235
100
16,200
Voting trust certificates
1
4
Jan
15%
145
Y54,.
Apr
14,000
33,600
19%
1.60
1.40
85c
37c
19%
1.60
1.40
Feb
1.63
1.65 May
20c
9,800
15,800
1
1
Porcupine Peninsular
Porcupine Reef Gold Mines
Powell
1.75
4.00
5.95
1
1
Mines
Gold Mines of B C
Pioneer
1.56
3.70
5.75
Y
20c
200
1.56
3.70
5.80
1
1
1 '
Mines
55%
Feb
Jan
32,500
5%
—
18,700
154
3.00 Mar
Jan
11,350
155,926
44,200
18,700
5%
*
Securities—
Credit
Jan
1.05 May
vVYY.-: 45
.19%
.—
4% % preferred
Apr
7c
145
54c
9Vic 10%c
53c
59c
49c
10c
56c
75c
common
High
Low
1.25
154
154 '
.100
Steel Products—
Ltd
1.10
1.15
1
.*—
preferred-
Grocers
Wiltsey-Coghlan Mines
Winnipeg Electric common-
Feb
1.85
Jan
6%c
20
1.70
39c
20
215
Jan
1.00 Mar
8,800
8,700
300
1.62
35c
46c
Jan
50
50
113 115%
Feb
Mar
2.35
18,994
15c
61c
62c
14c
58c
62c
—
Pandora Cadillac
Peoples
30c
14%c
60c
62c
•
Oils
Pacalta
Pacific Oil & Refining-
6%.
Westons
1.26
34,650
——*
32c
48c 53c
16% 16%
8
8
Mines
Jan
Jan
Jan
Apr
39c
25,400
1,600
Canada
13
26
17%
12,000
5%
Mines-
Northland
Western
22%
7,992
105,960
15,340
1,750
65
Northern
Mar
185
200
70c
24c
1.40
6%
5%
Jan
30c
•
991
24,100
700
65c
19c
1.28
Ltd
,
60
Western
47,100
—68c
*
23c
-•
1.40
*
6%
5
5%
Corp
Mining
16c
Jan
Jan
12% May
9,800
16c
Normetal
St
215
12c
1
Mines Ltd
Norgold
Reno
215
*—5
Nipissing Mines
170
225
1,815
1
1.66 1.75
59c
63c
2.80 2.80
53% 54%
1.25 1.45
17c 18 %c
1.70
—.
Bidlamaque
New
12%
25 %
18%
i
Malartic
West
57
1
Range Since January
High
Low
Par
20c
181
27,400
12%
25 %
17%
1
High
Low
58% 59'A
26c
30c
—
1
Mines
Negus
„
Range Since January
High
Low
Y,
STOCKS—
•
13
2,895
Mar
13
21%
22
441
21
Jan
24
110
5
110
Apr
112
Feb
33
850
30% Jan
35
Mar
110
32%
11
May
Feb
Volume
161
Number 4385
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
1
STOCKS—
*
.
i
Imperial
Oil
Imperial
Tobacco
Ltd
14%
of
Can
Preferred
9 *
common
Industrial Acceptance Corp
Bronze
common..*
Preferred
14%
13
13%
12%
Jan
7%
Feb
Jan
734
175
27%
150
24%
16%
315
16
31%
31%
363/4
39
28%
29%
23%
31%
>
•
7%
Jan
27%
•'"May"
Par
Consolidated Paper Corp Ltd
Cub Aircraft
Corp Ltd
Apr
Apr
18%
Jan
-
45
29 3A
Jan
4,562
31%
Jan
23% /■;* 2,641
21%
21%
Jan
28
27
Mar
35
111
111
3
108%
Jan
35
35
49
26%
Jan
35
May
100
108
108
40
Feb
108
Mar
Milling common—*1
25
25
26
24% Mar
6,194
8% Mar
9%
11% Feb
26a/4 Mar
•
•
'
__
Paper
Power
Co
j—
;-15
common-
International Petroleum
International
Ltd
_*
•
common
Preferred
28
—100
International
1.00
125
35
25
,39%
39%
10
10%
9%
-
90c
10%
»
5,121
'
32% Mar
9%
.
Utilities
8
High
Jan
60c
9% Mar
Jan
1.00
30
Jan
36%
Feb
35%
Feb
40
Apr
15
Mar
Apr
1
39
Dominion
\.Y^
600
30
%
Jan'
'
•^'Y <29% May
•
Square
Dominion
May
*
^International
*
& Linoleum
Low
9
10% May
Int Nickel of Canada common
;*
90c
Range Since January 1
High
8%
35
*
Engineering Works Ltd
Dominion Oilcloth
Shares
24% Mar
28
Dominion
;
of Prices
Low
8%
•
for Week
Range
Sale Price
15% Mar
13%
'/
Sales
Week's
Last
STOCKS—
High
Jan
510
16
16%
•
25
._i
1,971
27%
common........*
11
Range Since January 1
■Low
13
7%
MAY
Friday
Shares
High
14%
'
■.
£1
__
/International
I
Low
MARKETS
ENDING
for Week
of Prices
Par
LISTED
WEEK
Sales
Range
Sale Price
'
■
.
Week's
Last
,
FOR
2143
Woollens
Corp
Donnacona Paper
»
•
20
.
<
Fairchlld
5
11
1,955
15
15
15
2%
2%
250
Limited
Fanny Farmer Candy Shops Inc..
1
38
38
•
3%
3%
Jan
7%
203
10%
100
East Kootenay Power 7% pfd
Aircraft
10%
9
it
J an
112% Mar
*
:
...
Co Ltd
Jan
9% May.
9% Mar
14
Jan
2
50
11%
Feb
Apr
3
Mar
37%
Jan
18
Feb
39
Feb
~
Jamaica
Pub
Lake
the
of
Serv
Co
Woods
preferred
107
Fleer
Foreign
Jan
'
Massey-Harris
Mitchell
•
.
McCoil-Frontenac
Oil
10%
•
I.Robert!
Aircraft
9%
10%
10%
10%
103/s
545
24
.
24
24
305
24
Jan
May
Power
Fraser
Cottons
Montreal Lt
Ht
preferred
&
Pr
.—100
Cons
•
Montreal Telegraph
140
22%
22%
43
„
132
60
43
Jan
'
140
■
24%
42
51
43
J an
Tramways
Paint
Preferred'
23%
22
Apr
28%
22
Jan
10
105
May
1,086
37
May
105
38
38%
43%
43%
200
43 %
18
18%
650
17% Mar
25'..
Car
Corp
v
—
>-
•
Power
&
Weaving
-
r
20
Steel
Ottawa
L
H
•
common
Products
&
105
Power
27%
common......*
■'
47
100
common
Jan
45
54
1,670
20
Apr
Jan
Penmans
Placer
Tubes
50
.
Molson
Ltd
common
27 3/8
610
24% Mar
Powell River Co
Power
Corp of
&
Ltd
5 'fe
preferred
—
210
16
17%
Jan
95/8
11 %
50
■
Jan
8%
•
Jan
Lawrence
Lawrence
St
Lawrence
Corporation
Royal Hotel
Power Cop
100
Jan
Corp
Flour
50
Mills
Quebec Pulp & Paper
—
preferred-.—100
60
May
Jan
17
Apr
Southmount Invest Co
19%
685
18% Mar
20
Feb
Windsor
7%
775
7
Jan
9
62
Southern
Canada
875
32
Feb
10
100
Mar
103
Apr
11
10%
105
15%
3
85
19
.
/
485
80
141% 141%
Steel
of
Co.
Canada
___»
_•
common—
9'A
50
15%
Twin
City Rapid Transit
United
Steel
140%
Feb
Jan
33/8
Walker
(Hiram)
Western
11%
G
&
W
Ltd
Hotel
Arno
5%
24
1,607
23% Mar
26%
59%
58 %
59%
205
57%
Feb
60
Jan
*
10
10
10
293
6%
Jan
14
Mar
6
6
100
100
105
105
62
43
44
145
Feb
Astoria
22
Feb
Quebec
Gold
Mines
Canadian
Jan
73
Feb
Cartier-Malartic
Jan
Jan
22
4%
4%
19%
■'
21%
19%
230
3"%
63/4
20%
■«
'
115
8
Jan
11 % Mar
13c
14c
17,500
7c
14c
8%c
13,600
Apr
5 3/a
East
Apr
22%
175
18
Jan
19% Mar
/80/v
6%
Jan
8
'
Jan
83
25
25%
27
27
270
50
23
Jan
26%
Feb
•
May
Apr
45c
1
Gold
Mines
Mines
38c
38C
90,200
8c
-1
17c
16c
19c
19,100
6c
Jan
19c
Apr
30c
7c
30c
16,500
7c
May
30c
May
Jan
Ltd.. _«
1.20
1.20
1.20
700
75c
Jan
Zi
13 %c
11 %c
15c
77,600
6c
Jan
148,560
Ltd
1
17c
16c
19 c
2.40
2.40
100
1
38c
37c
39c
31,300
.1
Sullivan Mines..
6.20
5.30
6.60
30,700
52h
1.25
1.50
1,500
20c
1.50
1.70
20,800
Mines
*
—
<_1
1.55
4c
Jan
2.40 May
10c
Jan
Apr
Mar
1
45c
64 %c
47c
1.00
1.00
6
58c
Jan
1
46c
46c
1,000
36c
Jan
■;
20 %c
Inspiration Min & Dev Co Ltd..
Commerce
10
14'%
14%
225
14
Jan
15
Jan
17
17
17
990
16'%
Apr
18
;Jan
28
28%
260
27% Mar
29%
270
15% Jan
16% Mar
10
Montreal
Nova Scotia
...
Royal
...10
.....
10
—
—
n
16%
16% "16%
.
15
Jan
1
1.35
1.40
90c
Feb
1
8c
8c
10c
20,846
3%c
Jah
Joliet-Quebec Mines Ltd
2,030
__1
1.01
88c
1.10
54,600
7%c
Jan
7c
Jan
Jan
Kirkland Gold Rand Ltd
1
20c
20c
24c
22,300
Kirkland
Lake
1
1.35
1.25
1.35
1,100
Labrador
Mining & Explor Co Ltd
3.25
3.25
500
19c
19c
19c
4,500
24%
24%
24%
100
Lake
Gold
Mining Co
Fortune
Oro
Mines Ltd
Mines
Louvicourt
Malartic
1
Montreal Curb Market
STOCKS—
6%
Power &
Paper common
Bathurst
Power
&
Paper
class
B
Bank Note
British
American
Oil
British
Columbia
Brown
Co
Co
Co__
Packers
Canada
&
North
Dominion
1%
Vickers
Ltd
Mar
3
Jan
4
Jan
50
100
Feb
105
Mar
85
15%
Jan
17%
23%
Jan
25%
Jan
25
25
4
Mar
26%
Jan
3.15
3.15
3.20
1,924
57%
57
57%
154
1.00
—
106% 106%
24
-23%
—*
preferred
•
*
5
"
2.30
45
105
Jan
3.30 Mar
Jan
Cons
Perron
Gold
Pickle
Gold
Jan
May
18
May
1,
8.20
8.20
500
8c
8c
300
8c
May
1.60
1.60
1.75
2,400
92c
Jan
._1
6.25
Jan
3.75
3.75
5
3.40
3.40
3.75
7,400
36 %C
35c
39c
1
5.10
5.10
5.10
100
1
1.60
1.60
1.79
1,300
3.90
3.90
.1
5.85
5.85
5.85
•
19c
19c
21c
3,600
6c
Jan
1.00
1.10
3,100
34c
Jan
Ltd
Gold
Mines
Dredging
Red
Mines
Crow Gold
Pioneer
Ltd
Ltd..
Gold
Mines
Mines
Crest Gold
Ltd
of
Ltd
B
C_
Mines Ltd
Senator Rouyn
_1
Shawkey Gold
Mining
1
Ltd
1.40 Apr
11c
Apr
1.50 May
28c
1.35
Apr
May
3.25 May
19c
May
24% May
8.20 May
9%c
Apr
2.05 Mar
3.40 Mar
3.80 Feb
2.25
3.80
Apr
Feb
39c
4.75
Feb
5.40
1.20
Jan
1.79 May
500
2.50
Jan
3.90 May
1,000
4.40
Jan
103,800'
10c
Jan
May
Jan
5.85 May
25c
1.45
Apr
Apr
Feb
107
Mar
26
Jan
635
50
100
Jan
160
63
159
Jan
168
168% Mar
172
161
171
5
,
171
10
3
3%
3%
3,150
4%
5
75
22% Mar
11%
17c
55,500
5%c
Jan
17c
May
70c
50
70c
Jan
8Uc
Mar
69c
73C
21,150
|60c
Jan
84c
Feb
62c
62c
1,000
50c
Mar
62c
Apr
95c
94c
1.05
24,900
60c
Mar
1.05
Apr
*
82c
75c
1.00
188,600
43c
Apr
1.00
May
Sullivan Cons Mines Ltd
1
3.25
2.95
3.40
61,342
1.50
Jan
3.80
Apr
Teck Hughes Gold Mines
Ltd.*—.....1
5.25
5.50
1,000
3.60
Jan
5.50 May
Siscoe
1
Gold
Mines
Apr
Jan
3%
Feb
4%
Apr
7%
Jan
48
80
46
Apr
62
Jan
51%
300
50
Mar
55
Stadacona
Mines
100
15
15
110
«_•
3%
3%
175
*
30c
30c
197
2.50
14
14
55
11% May
14% Jan
3%
Jan
1944
Ltd
Gold
Jan
11%
13
Feb
15
15c
Wasa
Lake
Gold
Mines
Wright Hargreaves Mines Ltd
73c
—1
Mar
2
51
11%
Ltd
Sladen-Malartic Mines Ltd
Standard
48
51%
15c
.1
1
106% May
,
Ltd
70c
Co
Sherritt-Gordon Mines Ltd
57% May
24
15
common
25
106 106%
100
Westinghouse Co Ltd
May
Mar
775
161
common
Ltd
Jan
16%
___100
Alcohols
r
51%
25%
"B"
Catelli Food Products Ltd common
5%
16"%
100
1,335
25
*
Company
Ltd
Jan
16 %
.100
preferred
Commercial
100
preferred.100
preferred
Canadian Marconi
7''/)
pfd
Sugar
Power
High
3%
31
•
*
2% Mar
44
1
Industries
Canadian
2.500
50%
100
common
Canada
Canadian
3
49
•
Ltd
Calgary Power Co Ltd 6%
1%
2%
•
Ltd
Preferred
Canadian
Low
2%
49%
0
British American
Range Since January 1
High
*
Beatty Bros Ltd class A__
_>
Low
Shares
100
preferred
Apr
1.00 May
46c
for Week
of Prices
Par
Abitibi
Pato
Sales
Range
Sale Price
Cadallic
2.45
19c
8c
Fonda
Week's
Last
Pandora
Mines
v
Jan
•
Goldfields
Gold
_*
1.16
1
...
Ltd
Goldfields
O'Brien
1
*
Lamaque Gold Mines Ltd
Lebel
Canadian
1,000
1.70 May
15% May
Lake Shore
Friday
Apr
Apr
45c
1
J.-M,
15%
May
Apr
Hasage Gold Mines Ltd
15%
7.00
2.30
May
Howey Gold Mines
15%
May;
73c
25% May
Consolidated Gold Mines Ltd
May
2.40 May-
25c
12,400
A
19c
39c
May
25c
Ltd-————
Jan
May
25c
25c
Cadillac
1.33
15c
100
64c
1
27
May
Apr
100
64c
Goldale
Jan
Ltd
51c
1.25 May
60c
Apr
*
Mines
1.80
-1
...
20 3/4 Mar
Jan
Jan
26c
Jan
Mining'Corp Ltd
Formaque
Mar
Feb
Ltd
Malartic Gold
Gold
Jan
10c
17c
Feb
Eldona
19c
Jan
75c
Jan
78%
May
3c
1,500
Mines--—'—1
Apr
19%
Apr
13c
•
2,000
Mines Ltd
Mar
75
Jan
10
23c
Patricia>GOld
21
75
109
30c
1.70
Cadillac Gold
70
290
Jan
Jan
23c
Central
350
85
7
*
—.10
Jan
48% Mar
22c
Francoeur Gold Mines Ltd
20%
107
1.70
Central
20
-■E"
19
23c
Feb
Century
25
Canadienne
Apr
593
1.70
Mar
13%
Banks—
.
6%
105
27c
*
Jan
11%
V
Jan
-1
Gold & Diamond M Corp
11%
16%
,
36%
-1
Jan
10
6%
Jan
Jan
10
•
Aumague Gold Mines Ltd
10%
12
/f"
108% 108%
Apr
385
12
20%
3%
99
27c
1
Bouscadillac Gold Mines Ltd
11%
108%
.II
Brazil
69
•
—
23%
pfd—100
Ltd
Jan
76
common.
Corp
Jan
173
*
Ltd
Copper
68
100
preferred
23%
Mines Ltd—
Heva
Zellers
*
Feb
Mines—
18%
21%
common
Preferred
12%
•
Jan
74%
Wilsils Ltd
Winnipeg Electric
Feb
1,490
Ltd
Feb
*
common
Jan
705
13
*
cum
58%
*
Grocers
Jan
14
23%
12%
Ltd—....
16%
125
74%
24 %
23%
12%
44
280
21
common
Feb
23%
....
416
71%
•
Feb
19%
•
1st pfd—
62
11%
__
16%
.
100
Ltd—.,
18
»
Preferred
Mar
pfd—
18
19
*
22
142
Apr
71
Corp
Jan
May
-
16
2% May
18% Jan
•
common
18
37% Mar
Feb
*
;Tooke Brothers
50
61%
*
Power
18%
26% Mar
'
Jan
Beaufor
Paper
Shawinigan Water & Pow«r
18%
Southern Canada Pwr 6%
Mar
14
18%
."
Jan
pr
57
2%
preferred—100
Jan
12
May
8% Mar
*
of Can 6%
170
101
•
22%
260
5%
Co
210
15%
common
5
13
Ltd
163/4
10%
.
24%
12
6% May
112% May
Aldermac
'Class-A. preferred
•St
25
35
10%
24%
—,
60
34
100
____
55
*
Brewery Ltd
7%
34
Feb,
40
25
Jan
101
-
Transport
"] Quebec Power
;6t
*
_
50
55
6%
Paper
16%
7%
42 % Mar
55
*'
Feb
Jan
Ltd common..*
Ontario
193/8
•
17%
Mar
6%
Paper Co..
59
;
—
Canada
Price Bros & Co Ltd
Provincial
59
1
_
13
Feb
34%
27% May
163/4
112% 112%
•
...
Development
55
*
Mount
55% Mar
9%
*
—
1,093
4%
23% Mar
16%
9%
35
41
3% Mar
Apr
19%
Minnesota
Feb
27%
__
16
40
100
preferred
Massey-Harris Co
May
41 %
Apr
A
Jan
t
Page-Hersey
Ltd
Noorduyn Aviation Ltd
Ogilvie Flour Mills
Ontario
20
54
't\
.
16
•
,
Moore
Wire
Noranca Mines Ltd
*
Inc
Maple Leaf Milling Co
1
Niagara
100
23% Mar
38
105
Co
(Alfred)
MacLaren
Apr
10
•
common
pfd
May
25
105
■
Steel
22
23%
__
—100
Breweries
National
22
*
common..
,
■
National
100
____
Co
Preferred
Ltd
.
Feb
20% Mar
2,680
Corp
Limited
Inter-City Baking
j
Murphy
v.
140
22%
40
Montreal
'.
"
140
Sec
Companies,
Lambert
Montreal
Ltd
"
26 3/4
1
1.56
1.56
1.56
100
1.30
Jan
1.75 Mar
*
4.35
4.35
4.35
100
3.95
Jan
4.50
4'Ac
Jan
Feb
Feb
3%
Jan
OilsConsolidated Div Sec
class A
Preferred
For
footnotes
see
page
2144.
25c
13%
Mar
Jan
50c
Jan
14
Feb
Homestead
Oil
&
Gas
Ltd
l
16c
14c
16c
61,600
16%c Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
2144
Monday, May 14, 1945
OVER-THE-COUNTER MARKETS
Quotations for Friday May 11
For
Quotations
Real Estate Bonds
on
Over-the-Counter Quotation Services
Shaskan & Co.
FOR SECURITY DEALERS AND
FINANCIAL INSTITUTIONS
Exchange
Members New York Stock
Members New York Curb Exchange
Call
Write for Free Trial
or
New York 5, N. Y.
40 Exchange Place,
Tel:
Inc.
NATIONAL QUOTATION BUREAU,
Bell. Teletype
DIgby 4-4950
NY 1-953
-Established 1913
46 Front Street,
Reorganization Rails
New York 4, N. YSan Francisco
Chicago
(When,
Akron
Investing Companies
Bid
Par
-1988
98%
Affiliated Fund Inc
Holding
AAmerex
—
8.29
.IV*
5.30
f
American
13.93
14.11
Scries
B-4
—1
16.48
17.72
Series
K-l
Series
K-2-——•
"Bankers Nat Investing
Inv
Fund
Boston
/
20.00
8
33.90
18,39
8-3———
100%
S-4
—
100
Preferred
5.73
53%
"Consol Investment Trusfc
Delaware Fund—.
.19.74
21.34
2d
Bond
Howard—
&
Industrial
15.30
16.36
Low
Fidelity Fund Inc_——.-i—23.63
"Financial Industrial Fund, Inc2.11
First Mutual Trust Fund
B
6.45
Fundamental Invest Ino
2
27.67
25.45
2.32
9.13
New
New
General Investors Trust
—
—
shares
Building shares
Chemical shares
Electrical Equipment
•M
A
Fully
7.99
American Casualty
American.Equitable
American
Fidelity & Casualty.5
American
of Newark
6.59
American, Reinsurance
14,96
Tobacco
"
-L
•"
,
;
/.
;
v--•
-v.-
1
Foundation Fund
Oils
-
9.02
10.74
'
0
Steel
7.17
8.64
Trust
Amer
of
Co
1
Putnam
5.62
Republic Invest Fund
6.68,
Scuddcr, Stevens & Clark
5.56
4.80
5.29
Selected Amer Shares
6.30
1
15.71
1
3.76
4.13
•
101.72
103.78
2%
11.86
Sovereign Investors
1
State Street Investment Corp.—
Trusteed Industry Shares
25o
6.64
52.75
Bond
series
B
Series
Fund
1.77
7 2.61
2.93
C
14.65
02c
28.78
31.28
rt
Investors Fund C—1
14.79
&
AFirst
15.12
Co
Corp
Bank of New York
100
Bankers Trust
48
' 120
Bank
111%
15
10
Chemical Bank & Trust.
/ 40
Lt
&
Pow
National
Trust
43
Co
103'A
104 %
101%
103
108
108%
Morgan
New
97
Public Nat'l Bank & Trust
35%
Title Guarantee & Trust
50
93
33%
Bank
100 1,760
(J P) & Co Inc
City Bank
—100
Maturity—
IMar 15.
tDec
.
1
1946
1946.
15.
%%
1
%
loo
100.1
100.5
,
of
Certificates
:
100.4
-
,
17%
1%%
100.26
100.27
100.14
100.15
tSept.
iya%
ioo.31
101
1%%
100.15
100.16
*%s Sept. 1, 1945
t%s Oct. 1, 1945
t%s Dec. 1, 1945
1%%
101.3
101.4
t0.90s
15,
1947
tSept. 15, 1947—
tSept. 15. 1948
1%S Aug. 1,'1945—
~
Jan.
t%s Feb.
11%
" :\?
J%s
April
t%s May 1,
1,
1,
1946_—
53%
77
82
30%
33%
New
New York Pwr & Lt
2%s—1975
Northern States Power 2%s_1975
&
100
1974
108%
:
Reading
Light 3%s_1974
109 %
107%
104%
110'A
108%
San
105%
Sou'western
Ry 2%s_1974
3%s„—-1965
103
101%
101%
105%
Edison
1975
1979
—1974
3%s
1953
Light 3%s__1974
100%
101%
101%
Potomac Edison 3s
101
101%
100%
100%
106%
106 %
105%
106
1975
99%
Diego Gas & E) 3%s__1970
Carolina Pow 3s
1975
101%
101%
3%s_1974
103%
104
Virginia Elec Power 2%s—1975
100%
101
——1995
105%
106
3 %s
Co
South
Pub
Serv
100%
112
110
106%
Lt
Gas
Power
106%
99%
-1980
—
Pacific Gas & Elec 3s
Pow 2%s
106
& St Louis—
101
1979
1974
107%
Public Service
100 %
100%
3%s
Power
107
-1974
Orleans
York Chicago
New
3%s
108%
108%
Ask
Bid
1974
Narragansett Elec 3s
100 %
__
quoted
Virginian Ry 3s
May 17,
May
24,
May
31,
June
7,
43%
June
for discount at
June
purchase'
Bid
Ask
Ask
b0.375
0.33%
1945—
b0.375
0.34%
0.28%
July 5,
b0.375
0.32%
July 12.
1945
b0.375
b0.375
0.32%
July 19,
b0.375 0.35%
July
1945
26, 1945-
b0.375
0.35%
b0.375
0.35%
b0.375
0.32%
1945—
b0.375
0.33%
August
1945——
b0.375
0.33%
August 9, 1945—
21,
,
1945—
28.
b0.375
1945—
1945
1945—
1945
14,
12%
V-
are
June
2,
1945.
0.35%
b0.375 0.35%
1,540
Bid
Bid
.0532
Federal Land Bank Bonds—
Ask
Jan.
Mav
1,
.0667
.0588
.0737
.0941
v
July
I
16,
Other
1945
U S
0.75%
——
*
Issuei
U 8 Conversion 3?
Ask
Yy.^u',
b0.90
Bank—
"
-
-
1948
104 t "104%
1961
Conversion 3s_
Panama Canal 3s
101%
1947
-
133
101%
134
.0664
.0627
.0814
.085s
1,
Zn
<
Federal Home Loan
July
3s
.0661
.0578
-
Bid
Ask
:
1955-1945
—100 21/64 100 23/64
1956-1946—
101 47/64 101 51/64
195«-1946
102.11
102.12
2%s Feb. 1, 1955-1953
;
103%
103%"
3s
i
.0632
,
.0574
-
.0603
1946
■
.•
.0746
a Odd lot sales,
b Yield price,
c Result of the merger, effective Jan. 1, 1945, of Doehler Die
Casting Co. with the W. B. Jarvls Co.
d Deferred delivery; * e Ex-interest,
f Flat price,
k Removed
to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
x Ex-dividend,
.p751
y
.0592
__
1946
1946
Fire
51
Obligations Of Governmental Agencies
1, 1946
t%s March
,
1,
4
100%
—
103%
41%
12
100 1,480
Indebtedness—
1%%
40%
38%
10
2.50
U S Guarantee
2000
Rates
42 %
100%
i%s June 1-1945
tMar 15 1947—
570
Treasury bills-
Figures after decimal point represent one or more 32ds of a point
/
Int. Bate
Ask.;
Bid
Maturity—.
*
Dollar Price 100 Plus
tt>ec. 15, 1945
555
—
Fidelity & Guaranty Co__2
United States Treasury Bills
Quotations For U. S. Treasury Notes
•
38
100
Travelers
:'0:;,3%S
;
299
40%
25
United States Trust,
1,820
293
12%
York Trust
35
Ohio
%
52
National
National
: 17
50%
23
22%
35%
124
Standard Accident——10
Ask
106%
106
Bid
57%
First
28%
111%
101%
60'
52
Empire Trust
U S Fire
26%
106%
1974
1,800
58
54%
Fiduciary Trust
49
52 V*
346
16%
45
20%
Trust
338
.——100 1,750
preferred
78%
49%
33%
118%
—
200;
Manufactures Trust Co com._20
58
75%
200
100
10
10
&
U S
1975
Laclede
Ask
42
Conv
—20
;
Bank
31%
Kansas City Term
Bid
185
100
Exchange Bank <fe Trust_20
Continental
30
Conn Light & Power 3s
1974
Empire District Elec. 3%s__1969
Erie RR 3%S
1990
4%
.——25
Commercial National Bank &
Corn
i
Irving Trust
Kings County Trust
Lawyers Trust—
85%
10%
30%
89%
3y8S—1974
Birmingham Electric 3s
Pub Serv
Houston Lt &
.100
Guaranty Trust
"114%
" 42
56
Trust
Grace
462
46
115
Central Hanover Bank & Trust 20
National
450
10
9%
29
Cent Vermont
41 %
Par
27%
100
Brooklyn Trust
Chase
25%
23%
49%
Bid
20.26
4%
10
Ask
Fulton
21%
25'A
23%
-—10
Security New Haven
10
Springfield Fire & Marine—28
47%
29
10
12%
Fire
Recent Bond Issues
Arkansas
City Banks & Trust Cos.
Rid
Seaboard Surety
(Paul)
8.84
Miss
10
St Paul Fire & Marine
10
4Vas
Par
Revere
56%
10
Fire
Florida Power &
Manhattan Co
13%
24%
53%
23.98
18.57
1
(Texas)
12%
22%
8
Chicago & Northwestern 3s 1989
1
Republic
(NY)
0
10.36
8.08
Florida
of the
36%
7%
31
8
2s
Bank
33%
5%
8
3%S
New York
2
10
Corp
104%
97c
Banking
Boston
10
Reinsurance
100
96
91%
99%
26.07
Corporations,
ABlair
13%
Providence-Washington
75%
72%
——8
2%s
Investment
91%
12'A
Phoenix
Preferred Accident
Westchester
19.00
Wellington Fund
15.26
57%
87%
5
10
Hartford
1.22
13.93
55%
10
51%
161
155
87
12.50
5
Hanover
1.02
1.11
10
24.03
21.94
Union Preferred Stock Fund
Indemnity Co—
62
47%
55.75
9.47
—
Union Common Stock Fund B
Pacific
American
Great
7.27
21.98
-
25
Globe & Rutgers Fire Ins. com.
2nd preferred
———
12.93
87c
U S El Lt & Pwr Shares A
13.37
:•
25.28
A
Fire
Globe & Republic
16.89
Fund, Inc
59c
47c
Fund
35%
Pacific
.'
Glens Falls Fire
(Geo)
6%
Northern
33%
Marine—
&
15%
24%
5%
48%
10
,
Fire
13%
22%
5
317/s
Newark-.
Fire
Gibraltar
3.06
5
2.50
Fire
River
2974
10
of
York
46%
General Reinsurance Corp
3.19
1
Series 1956
29.04
10
47%
3
20
Franklin
Series 1955
4.74
1.62
America
44%
Northeastern
—10
Firemen's
shares—
6.20
27.01
Stock and Bond Group shares-
11nvestment
33%
10
New Hampshire Fire
Fireman's Fd of San Fran—10
7.29
-
297/8
30%
227/8
Fire Assn of Phila
7.89
North
186
27% i
10
21%
Fidelity & Deposit of Md
9.46
—
176
New Brunswick
10
Federal
8.53
8.60
r
B
•
Bank Group shares
Insurance Group shares
13.04
7,75
7.88
-
f
8.21
11.87
—
Series
Institutional Securities Ltd— f
7 Aviation Grqup shares
660
635
2
Casualty
D
Fire
Employees Group
Employers Reinsurance
11.59
7.46
;
Railroad equipment
jv.
'
100
Camden
78%
25
Boston
11.80
10.55
———.
-
Railroad
8.74
10c
Common
11.40
2
20
!
Fire
5%
32%
61
8
30
58
7
(Detroit)—10
—10
—
Amsterdam
Crum & Forster Inc
Inc
Incorporated investors
Independence Trust Shares-
Union
New
Continental Casualty
1
{•
Liberty
National
10.54
Union
Income
National
8%
83%
14.99
equipment
Insurance stock——
v-
A Huron Holding Corp
40
7%
13.65
9.59
Speculative
Electrical
5.72
f;
37
Diversified
5.05
■
10
2'/a
Bankers & Shippers
North
5.10
——
National Fire
New
6.07
shares
National
66
60%
4.30
shares
Utility
20%
63%
23 %
6.63
—
18%
25
Automobile
5%
4
Y
5%
Casualty
10
Surety
Baltimore American
N
Ins
Reserve
58%
-
Fire
Fire
21%
12.62
Mfrs
&
Monarch
10
7.17
shares
Merch
Assur
101%
40%
18
61
10
6.88
7.86
shares
Steel
53%
7
City of New York
5.63
stock
Railroad
50%
Y
N
Casualty
Merchant Fire
Connecticut General Life
11.13
shares
11%
79
5
of
Massachusetts Bonding
9.68
7.95
Petroleum
10%
75%
13.19
8.21
10.61
Railroad Bond shares
Equipment shares
v
1
12%
Maryland
10.08
10.47
,RR
37%
8.81
9.53
Mining shares
99%
Fire
American
13.34
10.37
Machinery
Merchandise shares
15%
10
9.17
Metals
—
10
20
12.01
6.05
Price Shares
13%
19%
13 %
58
10
29
Insur Co of North America
Chemical
8.70
Investing
2%
45
27
Jersey Insurance
Homestead
Diversified Investment Fund—
7.91
Institutional bond shares
Low
12.14
5.56
Industrial Machinery shares—
5
9.44
4.55
8.56
Building supply
9.80
11.49
bond shares—*
General
'■>,
26%
11%
18%
11%
16%
8.60
13.00
—
Administered
Automobile--——
American
7.78
shares—
Food shares
:/
22 %
7.72
6,25
Aviatlpn
77%:
10
6.07
42
8
Home
8.61
7.02
7.83
8.92
shares
Automobile
8.64
7.86
shares
Agricultural
10
Ask
Bid
Par
Inspect.-lO
Hartford Steamboiler
55%
48%
81
24%
28
American
stock
72
Companies
Ask
77%
25
5.94
1
55
29 %
71%
53
46%
Alliance
14.81
-
21
28%
Preferred—
/
61%
53
73%
Life
8.11
11-83
Bank
86
Bta
10
8.54
Aviation
Group Securities—
J
Aetna
American
Automobile
6.04
Seaboard Ry common
84
Aetna Casual & Surety new
Aetna
Stocks Inc—
York
St Louis & San Francisco corn-
Par
7.83
4.04
Fund
England
100%
70%
28
19
com
Preferred
75-year 4%s
7.18
series
31
26
59%
Grande
Rio
&
Preferred
80%
Insurance
9.87
series
63%
68%
100
preferred
102
98%
Agricultural
series
Stock
7.19
39.29
5.97
Income
25
29
100
1993
50-year 4s
7.37
stock
78%
2018
13.69
Agriculture
•
1
"'General Capital Corp
1st
5%
Denver
Francisco—
San
88
23
—
Common
:■
94
92
2019
4%s
&
5.48
Preferred stock
30.32
Louis
56
;
61%
Common
"Preferred
;
V
Chicago Rock Island & Pacific—
Grande—
Rio
Income
1.59
priced bond series
priced stock common
Low
4%s
income
&
54
86
—
10.87
4.40
1.48
series
26.04
107
13.73
ser-les
24.36
1
Stock Fund————1
Fund—
Balanced
105
St
National Security Series—
Income
84
Conv
& Youngstown—
Canton
preferred
—Chicago Milw St Paul & Pacific
99
82
27.27
1
voting shares
National Investors Corp-
1.59
1.45
97
2019
47.80
♦
25o
series B shares
(Colo)
2019
1st 3-4s income
10
Inc
4%s A
Denver
83%
—
Common
106%
4%s B
16.20
25.36
12.73
104%
*
14.20
;
5%
income
109.30
.
75%
Chicago Rock Island & Pacific—
1st 48——1994
29.49
9.89
1
Akron
95%
73%
—1994
—
Securities—
Nation-Wide
7.20
—
Eaton
Fund
Invest
Mutual
Fund
93%
income
6.93
i
Trust
Investors
(Md)
Diversified Trustee Shares—
:V/v;'
D
2.50
6,35
25c
Investors
1983
Gen
7.77
10c
Common
Mass
6.23
55%
Louisville—
Gen
28.22
107.11
45.86
Sayles Mutual
Mass
148
143
1
1
Commonwealth Invest—...
Dividend Shares—
23.85
22.05
6.25
Fund—.*
Loornis Sayles Second Fund—10
Manhattan Bond Fqnd Inc—
Loomis
Canadian Inv Fund Ltd
1
3.55
4.15
Century Shares Trust——-——•
31.56
33.94
Chemical Fund
1
10.81
11.69
Christiana Securities com—100 2,760
2,860
,
1st 4S
13.12
6.99
Fund
Stocks
2003
4%s
Income
.
Chicago Milw St Paul & Pacific
31.96
101%
102%
—;
2nd 4%s
20.15
Knickerbocker
1
.
Series
36.65
—1
Ltd
„
S-2--—————
Series
21.51
Invest Co Inc_
Fund
Bullock
Series
—
Series S-l
8
Inc
Broad Street
-
"6%
106.25
America-
of
Tr
110.68
6%
1
T A Common
Bond
B-3
Series
4.56
Investing .100
Foreign
Axe-Houghton Fund Inc
i
4.16
1
American Business Shares—
f
B-2
Series
series A
Ask
99%
81%
Seaboard Ry 1st 4s
Youngstown—
Chic Indianapolis &
1st 4s
Aak
29.86
28.50
29.13
21.73
11.94
20.12
25.65
26.85
14.71
12.87
B-l
Series
31%
29%
.>10
Corp
Bid
Par
Keystone Custr*tan Funds—
9.08
'Y84
&
issued)
If
Bid
100%
1988
Canton
and
Ask
4%s series B
Ask
—1
Aeronautical Securities
r
;
4s
as
Bid
Boads—
,
.0567
.0743
.0718
.0910
Ex-rights.
•No
par
.•
value,
tm default.
furnished by sponsor or issuer.
.
,
tThese bonds
are
...
subject to all Federal taxes.
v..-;
A Quotations not
.Volume 161
Number 4385
THE COMMERCIAL
THE
Bank
clearings this week will show
pared with
a
COURSE
increase
an
com¬
us, based upon
indicate that for the week ended Satur¬
day,
May
12,
clearings
from
all
cities
of
the
those
above
for
the
ended
Friday at 26.5%.
this center there is
the week
provement of
was
Week
Ending May 12—
TELEGRAPH
1945
New York
Chicago
391,504,154
Philadelphia
514,000,000
Boston
Kansas
283,440,015
155,518,420
City
Bt. Louis
Ban
194,338,965
Cleveland
120,804,897
—
+
Ten
cities, five days
cities, five days—
Other
1st
2.8
110,417,674
„
9.4
"
+
4.4
+
6.9
—
$5,927,533,298
1,411,781,240
York
Tot.
all cities, five days
cities,
$8,580,004,923
$7,339,314,538
1,716,000,985
1,676,922,482
day
one
9th
Total all cities for week
$10,296,005,908
$9,016,237,020
+14.2
Our usual
monthly detailed statement of transactions
on
the New York Stock
Exchange is appended.
The
results for April and the four
months of
1945 and
Description
Month of
April——£
1945
1945
1944
28,270,442
13,846,590
127,370,465
bonds
——10,072,700
U. S. government
bonds
—:
575,093,327
475,890,656
+
5.9
261,940,022
205,864,966
+
8.4
338,683,824
265,229,478
585,126,583
+ 18.7
552,448,755
250,211,440
545,693,662
300,326,873
"
417,143,507
«»
694,391,520
321,334,851
4
"
7
"
273,346,631
192,030,806
+ 17.6
207,956,948
8.3
190,665,334
313,677,536
273,151,182
+ 14.8
150,126,565
130,861,742
+ 14.7
273,801,147
123,578,930
Francisco
521,033,806
489,806,257
+
10
A—
Y.
—ill cities
11.811,317,301
City
month
of-
Total
•i-
40,617,200
534,400
2,216,700
today
April.
that
month
there
was
record
a
$191,156,750
1945
'
1
1944
-
1943
of
17,811,394
17,100,772
27,643,038
18,032,142
March
36,997,243
'ii.:
8,587,828
27,492,243
*-v
■
■
_
■
■.
■
April
r
-
'28,270,442
79,463,469
course
to
its
credit
gain of 5.4%, the
a
6.2%.
The
Chicago Reserve
District^.y
8.0% and the Minneapolis Reserve District of 6.1%. The
gain of
Kansas
totals
the
;
City Reserve District has managed to enlarge its
by 8.4%, the Dallas Reserve District by 11.6% and
San
•,
Francisco
1944
Reserve District by
Inc.or
$
Dec.
1,672,883,633
+
6.5%.
1943
%
1942
$
8.2
$
2,080,297,578
1,545,234,394
23,215,174,426
15,343,941,686
21,793,088,125
+ 13.7
2,061,701,588
2,677,561,865
+ 10.6
2,912,889,928
2,467,433,880
2,673,228,150
+
5.4
2,665,233,938
2,145,183,752
1,236,236,827
Richmond
1,132,361,888
+
9.2
V
*
(1
Atlanta
Chicago
1
1
1
1
1
1
1
1
1 1
t
t
1
1
t
1
t
1
1
--a
1
H CD
1
31
...
8th
St.
9t,h
29,507,254
3,557,688,100
2,817,066,879
——
Minneapolis
Louis
7
16
10th Kansas City
33,553,559
13,846,590
In the
of
24,775,918,219
M
1
4,361,404,851
I*
,#
--V;
1,193,200,376
933,177,062
il
1,771,679,818
1,668,201,598
+
6.2
4,387,487,100
4,120,167,749
+
6.5
1,296,826,606
1,190,956,246
+
8.0
884,625,694
833,583,987
+
6.1
+
8.4
v
,+
1,448,710,960v
1,209,753,709
•
II
4,104,799,051
3,194,048,336
1,194,409,954
926,897,313
«•
H
ll
15:11
—
■
1,564,325,202
+
Z
1,443,356,002
862,003,818
629,950,142
1,514,799,292
1,080,191,571
--
,
~
99
:*j
1,172,120,889
1,050,498,269
2,276,753,197
2,137,513,375
+ 11.6
"•
983,743,730
•/43,442,508
7,589,297
12 th San
Francisco
Total
The
1
344,505,665
7,023,474,226
gain of 6.5%, the St. Louis Reserve District of
a
$
——————
'.99,100,023 62,555,204
1st quarter-^
1
Philadelphia
11th Dallas
^
1
Cleveland
6th
7.925,761
32,612.585
™
r---
1
1
12,993,665
24,434,084
1
5th
No. Shares
38,995,195
January
February
■
No. Shares
1
4th
7th
No. Shares
enjoys
1,810,278,961
York
3d
1942
No. Shares
Month
New
District
serve
1945
'
495,539,249
10,457,922,168
+ 12.0
has
-
'
+ 21.7
District
199,937,015
150,473,162
200,768,973
97,029,543
'
Atlanta Reserve District of 9.2% and the Richmond Re¬
The Cleveland
•
•
7.4
9,706,010,265
Reserve
an
and in the
April—
Boston
2d
$986,959,650 $1,043,584,900
'
of 8.2%
+
4,437,158,200
of the clearings for
a summary
For
~
1st
The volume of transactions in share
properties on the
New York Stock
Exchange for the four months of 1942
to 1945 is indicated in the
following:
.
of
Federal Reserve Districts
400,350
bonds— $246,476,400
Month
37,119,000
2,303,050
_
>
+
V
4,968,679,505
Philadelphia Reserve District of 10.6%.
$944,039,400 $1,004,249,200
10,077,000
3.594,713,181
283,675,532
383,731,249
"
13.7%, in the Boston Reserve District
bonds ——$235,869,300
$180,679,400
Foreign govern't
6,253,115,678
+ 14.1
563,645,169
Bonds
Railroad & misc.
+ 29.8
707,277,384
New York Reserve District the totals
76,401,794
$
368,274,098
6
N.
;
1942
%
447,015,236
8.2
020,980 and the 1944 aggregate $42,393,400,887.
Stock, number of
•shares
1943
%
7.7
+
+
10.8%,
clearings having been $46,955,-
Four Months——
1944
Dec.
607,243,464
increase for the entire body of
clearing houses of
the 1945 aggregate of
1944 follow:
Inc.or
10
We also furnish
the
1944
396,513,221
5,435,928,359
654,595,239
17
City
—_——
Outside
CLEARINGS
746,779,136
Minneapolis
Total
i
657,105,478
Louis
12th San
"
,10
._
.
St.
2.3
'!
.
$
426,856,037
7,054,585,044
6
—
—
8th
+16.9
+
Reserve District 14.7% and in the San Francisco Reserve
"
11th Dallas
iAll
the
Kansas
«•
-
—
Kansas
In the
7
Atlanta
10th
in
17.6% and
10
Cleveland
6th
+14.8
12
Richmond
Chicago
larger by 18.7%,
are
District by
District 7.4%.
$
Philadelphia
4 th
7th
Louis Reserve
City Reserve District the increase is 14.8%, in the Dallds
SOMMARI OF BANK
1945
jj,
St.
summary by Federal Reserve Districts:
12 cities
5th
+17.4
1,620,220,355
New
3d
0.4
$6,959,784,568
a
Boston
2d
8.6
+
furnish
we
Federal Reserve Districts
1.6
+
167,398,264
Baltimore
0.8
162,892,266
223,840,000
Pittsburgh
following
week Ended May 5
1.5
+
271,597,259
145,422,714
147,800,000
222,885,000
197,417,054
135,100,000
Francisco
In the
+26.5
+
Outside of
group
Cent
$3,773,319,530
385,781,801
510,000,000
week in 1944.
same
the
Minneapolis Reserve District by 8.3%.
increase of 12.0%, the bank clearings at this
having recorded an increase of 32.0%.
We
Per
1944
$4,773,839,853
Chicago Reserve District the totals
in
$9,706,010,this city there
an
center
an
8.2%, the Richmond Reserve District of
5.9% and the Atlanta Reserve District of 8.4%.
In the
present further below
265 in the
follows:
BY
York District (including this
city) the totals
expansion of 29.8%, in the Boston Reserve Dis¬
trict of 7.7% and in the
Philadelphia Reserve District of
14.1%.
The Cleveland Reserve District registers an im¬
21.7%, the aggregate of clearings for the whole
country
having amounted to $11,811,317,301, against
for the week
New
show
and
Our comparative summary for
CLEARINGS—RETURNS
according to the Federal Reserve Districts in
they are located and from this it appears that in
which
the
we
corresponding
increase
an
the cities
the last day of the week in all cases
has to be estimated.
In the elaborate detailed statement
last year.
Our preliminary totals stand at $10,296,005,908, against $9,016,237,020 for the same week in
At
CLEARINGS
however, which
we are able to
give the final
complete results for the week previous—the week
ended May 5.
For that week there was an increase of
United
week
1944.
2145
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
States from which it is possible to obtain
weekly clear¬
ings will be 14.2%
BANK
We cannot furnish them
telegraphic advices from the chief cities
of the country,
OF
Complete and exact details for the week cbvered
by
the foregoing will
appear in our issue of next week.
Preliminary figures compiled by
year ago.
& FINANCIAL CHRONICLE
99
19
........iss cities
46,955,020,980
42,393,400,887
22,997,461,954
—
21,359,926,087
of bank
clearings at leading cities of the
country for the month of April and the four months
ended with April in each of
the last four years is
shown in the subjoined statement,
r,
Outside
N.
Y.
We
City
append another table
showing the
6.5
+
.
2,113,102,357
.
+ 10.8
44,288,365,408
31,816,342,592
21,781,885,556
7.7
+
1,597,088,259
17,073,968,654
clearings by Federal Reserve Districts in the four months for four
years.
BANK
CLEARINGS
AT
LEADING CITIES
IN
APRIL
Month of Aprilr—
(000,000
:•
1945
omitted)
New
$
York.
Chicago
1944
1943
$
'
1942
J
$
23,957 21,033 22,505
$
14,742
104,827
1,975
2,012
1,738
1,434
1,120
1,325
6,270
2,838
2,558
2,790
Louis—
783
736
Pittsburgh
1,117
Fran.
1,204
Baltimore-
669
St.
San
—
Cincinnati
Kan.
•
'•./.>
V.
,
4 Months
1st
60,723
7,473
Boston
2d
3d
6,907
5,240
—14 cities
York
New
14
—
Philadelphia
4th
Richmond
17
Cleveland
5th
4 Months
1945
,
$
6,124
;
6,029
'.++
Federal Reserve Districts
1942
78,941
8,241
A:--'
YEARS
,
•
-
V
108.044,784,563
.11,883,061,043
"
"
6,994,585,555
94,822,684,101
11,278,356,384
10,828,557,831
4,729,164,931.'
"
11,301,528,946
8
"
5,124,985,270
——
Inc.
Dec.
'
7,288,188.054
17
—
4 Months
1944
$
+
or
4 Months
1943
1942
1
j-.$
.
4.2
•
.
%
7,056,895,474
6,124,878,077
+ 13.9
81,652,088,567
63,161,256,622
+
5.4
10,836,307,626
9,916,422,4Q3
+
4.4
9,943,889,854
8,465,432,837
+
8.4
4,428,971,727
3,735,189,8^1
2,363
11,399
10,798
9,485
6th
Atlanta
16
"
722
560
7,558,684,998
7.7
3,029
7,017,670,409
+
3,163
2,6961
5,853,417,048
2,233
7th
4,886,735,561
Chicago
31
"
1,076
17,217,387,960
3.6
1,103
4,442
15,512,120,620
4,397
3,385
8th
St.
12,590,762,941
4,026
-7
"
17,739,319,147
5,389,992,913
+
845
5,040,427,528'
+
6.9
4,594,961,576
1,150
1,042
838
3,832,215,041
5,081
4,675
4,068
3,415
9th
Minneapolis
-18
M
616
3,613,743,714
2.5
476
3,525,578,202
+
653
3,128,342,409
2,723
2,557
2,523,692,7,27
2,407
1,929
459
459
382
10th Kansas City
-15
"
2,114
6,519,944,827
6,217,720,598
+
4.7
1,924
1,771
5,716,716,571
4,289/703,548
1,549
11th Dallas
U
"
4,897,742,283
4,283,302,440
+ 14.4
3,740,288,228
3,139,789,185
19
"
9,358,317,735
8,745,458,666
+
7.0
7,977,394,269
6,418,023,5^7
198,720,293,493
180,700,894,605
+ 10.0
160,441,393,969
129,084,102,290
93,892,775,415
88,956,699,810
5.5
81,500,023,558
63,360,315,73!
511
City-
4
$
91,744
8,988
1,558
Phila.
$
.
2,232
__
Boston
FOR
-Jan. 1 to April 30
1944
1943
1945
10,399
v
840
750
820
596
3,497
3,255
3,114
2,356
Cleveland-
946
888
910
742
3,782
3,607
3,348
594
549
570
399
—■——
2,823
Minn.
Louis
2,408
2,362
351
340
348
260
1.532
1,506
1,350
1,511
1,537
1,470
944
6.096
6,469
Louisville-
5,704
309
278
288
220
1,356
Omaha
313
199
1,276
1,172
74
79
61
316
288
283
.
760
75
Francisco
947
295
1,212
1,313
1,158
298
12th San
262
New
Orl._
Detroit
__
.L_
Providence
:<
2,057
1,599
1.
Total
185 cities
1,053
Outside N.
3,648
^
Milwaukee-
149
144
161
117
642
623
588
Buffalo
481
280
263
249
209
1,110
1,129
966
St.
198
201
160
815
791
724
City
630
+
854
196
Y.
Paul-
Denver
254
235
227
166
1,043
976
851
Ind'apolis.
121
127
110
537
508
493
292
299
238
1,374
1,269
Memphis—
1,165
953
191
165
172
821
752
701
covers
the clearings by months since
MONTHLY
459
320
following compilation
615
Jan. 1, 1945 and 1944:
CLEARINGS
676
135
Richmond-
The
—
Seattle
Salt
416
L.
Total
402
291
109
119
90
488
71
71
72
64
281
_
__
41,918
cities
Total
371
113
C'y
Hartford
Oth.
137
37,754 39,906 26,843
5,037
4,639
4,382
1,543
1,498
-
46,955 42,393 44,288 29,966
198,720
93,892
now
add
our
255
18,998
16,652
88,956
81,500
Me.—Bangor
114,742
River
46,102,505,138
1944
$
%
..
24,724,776,875
+ 16.4
.
.
22,809,158,872
45,405,094,471
4.2
21,177,844,835
8.4
24,992,691,751
."•/+
70,895,313,461
67,596,773,723
42,393,400,887
22,997,461,954
21,359,926,087
93,892,775,415
88,956,699,810
1945
:
9.7 '
.
—
Four
months
198,720,293,493
+10.8
+ 10.0
180,700,894,605
-Jan, 1 to April 30
1944
Bedford
3,370,589
Conn.—Hartford
Haven
1,904,348
5,149,829
5,504,101
13,455,509
71,743,818
I.—Providence
H.—Manchester
cities)
74,128,300
1944
1945
$
14,480,583
+
+
6,4
11.'.,-+
j
4.9
56,922,451
59,156,545
8.8
6,270,859,598
6,029,531,899
+
4.0
+
6.5
18,232,011
16,750,237
+
—
+
9,033,778
+
6.7
22,524,436
20,738,785
+
May 5-
Inc. or
1943
1942
,
>
Dec. %
+49.3
866,443
729,104
—12.8
3,470,117
7.7
390,148,835
3,567,117
319,766,053
1,121,370
+
947,479
+
7.8
51~3~043
474,492
+
1,491,505
1,376,602
+
8.3
-,
951,181
803,340
*4397599
8.1
,.7*477,953,
~
+
8.6
1,188,233
831,695
+
2.6
5,083,616
4,331,643
+ 17.4
3,505,650
2,706,181
+ 29.5
4,779,986
2,592,462
3,560,897
+14.9
16,703,971
+ 16.0
16,777,805
14,830,175
5,896,828
+ 18.1
5,906,512
5,472,830
1972927500
157l4l7000
2.2
78,366,957
76,366,673
+19.8
54,806,721
47,698,842
+11.0
281,084,559
113,125,095
278,258,191
+21.7
+
9.4
29,073,800
29,583,700
+
2.4
316,708,400
'288,708,700
+
9.7
104,998,208
3
709,004
+ 10.1
+
j
5.5
3,883,660
0.4,
8,049,854
;+
341,975,003
1,058,795
8.8
9,066,081
8,865,305
■
r
7.7'
3,387,479
3.8,
3.2
>
•i>'u'wf+
368,210,074
11.7
2.3
+ 14.2
:
6,809,000
75,908,300
Inc. or
Dec.
+
18,322,272
11,150,172 ~
71,112,309 *
23,514,976
7,445,800
16,171,952
-Week Ended
1944
1945
—
2,376,500
28,628,871
Waterbury
+14.5
14,026,379
4,224,642
18,725,308
Worcester
or
$
1,434,043,630
2;275,131
Bprlngfield
Inc.
v
Dec. %
4,489,042
Lowell
f<i
+13.3
23,497,285,956
138,307,493,718
'
21,290,328,895
+
46,955,020,980
months—/—
+
48,613,171,624
151,765,272,513
„
43,591,816,956
52,692,249,110
——
Inc. or
nDec.
$
:13
April
68,360
2,451,810
Holyoke
114
Three
;
1945
or
Dec.
14,342
13,938,371
1,558,936,766
Portland
N.
March
3,858,969
Mass.—Boston
R.
February
254
Inc.
$
53,667,928,932
-Month of April
$
New
1944
detailed statement showing the
figures for each city for the month of April and the week ended May 5 for four years:
First Federal Reserve District—Boston—
New
"
180,700 160,441 129,084
Clearings at—
Fall
January
370
453 "
278
1945
$
1,143
472
-
20,796
We
1,502
177,924 161,702 143,789
3,123
22,997 21,359 21,781 14,734
all
Out. N. Y._
•
Clearings Outside New YorkMonths-
:
+
1.0
+
7.7
19,377,816
6,961,773
;
2,331,849
'
-
—
1.7
2,917,165
2,750,687
+
6.1
12,380,688
11,229,560
+
0.4
7.288,188,054
6,994,585,555
+
4.2
1,810,278,961
1,672,883,633
+
8.2
-i-
15,408,900
736,016
426.856,037
■
16,820,400
687,958
396,513,221
—
+
+
8.4
7.0
7.7
601,563
447,015,236
762,070
368,274,098
■
-Jan. 1 to
-Month of April-
hearings at—
.
Buffalo
7,060,793
263,830,105
4,937,604
..
York
•
5,755,388
/
Utica
?
Northern
Total
cities)
(14
Pa.—Altoona
1,970,502
1,661,669
27.1
53,400,000
45.400,000
1,129,340,927
1,300,559
1,643,330
996.534
+
43.4
1,149,902
20,039,246
21,302,769
906,625
+
81.3
824.469
6,842,637,796
5,268,852,065
+
32.0
6,096.517,317
3,465,785,566
10,285,696
8,997,632
0.6
+
3.2
20,174,999
19,007,525
+
8.6
104,827,518,078
+
12.4
227,590,248
+
0.4
117,914.371
91,744,194,795
205,515,538
121,545,217
+
1.7
23,880,209
20,788,735
+
14.9
133,598,557
129,501,524
6,980,298
+
3.4
+
4.6
467,344,102
+
5.3
4.1
—
"
—11.3
14.3
+
'
Chester
-
9,256,780
——2,595,050
2,981,383
—
Lebanon
Norristown
-
York
-—-
Bois
5—
-
Hazleton
Del.—Wilmington
J.—Trenton
—
„
Toledo
J
—
13.7
108,044,784,563
94,822,684,101
+
22.7
10,647,397
9,825,051
+
8.4
663,443
777,510
+
8.9
15,606,129
—
0.8
7.8
1,202,551
900,359
1,231,638
—
2,116,078
1,654,258
37,985,123,44,899.610
7,054,585,044
+ 13.9
~+27.9
1,528,387
1407,862
686,000,000
560,000.00©
14,418,534
49,574,026
49,263,390
+
34,344,507
29,714,230
+ 15.6
11,094,535
9,778,820
+
3.2
+
9.7
+
5.6
719,000,000
636,000,000
+ 20.8
2,230,397
1,785,897
1,634,174
1,207,472
4.4
+
11,666,410
10,630,240
11,399,000,000
10,798,000,000
30,626,097
25,363,021
12.3
+
'
+ 10.9
25.5
+
804,362
0.6
+
+
14.6
54,414,582
50,100,897
+
8.6
3,675,503
3,250,759
2,719,596
18.6
28,059,217
26,373,566
+
6.4
2,338,596
1,881,190
2,144,956
2,347,081
l,723,86i
+
+
23.9
32,342,034
29,878,173
+
8.2
1,951,309
1,817,325
2,107,610
1,615,629
+
23.8
7,099,281
6,111,562
12,700,900
5,392,300
2,995,043
3,425,717
+ 62.7
+
7.0
14,067,829
8.3
95,991,948
70,682,800
+14.4
96,792,916
—22.1
'
13,453,162
—
+ 14.3
88,715,200
3.3
—20.3
11,278,3^,384
11,883,061,043
4.6
+
—
746,779,136
3.9
3,141,449
9.9
3,700,275
124,291,132
3,507,338
+
106,823,938
104,264,409
82,545,403
4.8
230,595,927
216,404,871
195,281,356
169.181,437
6.0
19,097,300
17,439,700
15,656,200
12,145,800
2,228,671
68,656,300
2,114,274,194
1,924,594,261
+
6.6
3,607,884,245
+
27.4
3,782,621,406
317,278,300
+
—77.5
12,026,268
14,281,042
+
19.5
6,394,545
5,855,029
9,828,373
+
19.3
42,972,068
16,107,737
8,325,618
46,901,377
+
8.4
65,232,620
39,217,071
1,444,242
440,169
~
299,202,500
9.2
+
37,084,783
+ 15.9
2,718,899
2,325,201
+
16.9
2,058,513
60,089,664
34,977,707
+
8.6
3,974,332
3,402,805
+
16.8
3,325,467
+
12.1
170,467,745
170,230,916
+
0.1
11.8
\
:
,
2,889,12f
—15.8
—
1.2
5,758,708
5,452,966
9.9
3,019,911
3,412,152
2,804,542
—-—-v
M
^ +5.6
+
—11.4
+
-
95,671
272,727,613
1.0
257,339,611
+
6.0
239,917"775
204,095
+
8.2
563,645,169
475,890,656
1,227,288
953,804
1.3
4,442,559,506
2.7
49,041,516
4,397,259,683
52,556,730
—
6.1
12.1
66,630,136
60,842,418
+
9.5
67,690,476
45,772,483
+
47.9
45,000,722
40,404,952
+
11.4
11,301,528,946
10,828,557,831
+
4.4
657,105,478
607,243,464
24,833,880
20.882,862
+ 18,9
1,686,011
1,332,328
+
—
17,133,233
15,286,799
+
6,534,168
10,289,752
+ 33.4
+
1.3
+
5.4
2,673,228,150
707,277,384
+
71,343,754
9.3
2,817,066,879
+ 14.1
654,595,239
+
5.3
+
4,125,500
575,093,327
5.4
+
—17.6
8,394,200
+ 127.1
+
+
11,418,579
(17 cities)
Total
552,760
1.7
13,719,585
—.
1,561,636
671,521
19.1
8,714,589
City
551,523
1,482,269
—
+
1,103,787,655
Va.—Wheeling
594,671
2.3
11.9
—14.7
+
*
Ky.—Lexington
^
Fifth
Federal
District—Richmond—
Reserve
1
Frederick
O.
!+
4.1
65,449,218
616,364,711
;+
8.6
2,723,222,579
2,296,360
+
0.3
9,836,641
185,253,252
Columbia
ltd.—Baltimore
8,992,769
14,172,403
2,413,094
C.—Charleston
5,319,945
28,255,000
669,321,898
—
Richmond
292,603,848
10,406,049
14,755,595
—
Va.—Norfolk
il.
+ 13.8
27,531,000
320,501,314
Va.—Huntington
W.
164,356,852
6,054,625
——
C.—Washington
:
—
2.5
113,082,000
108,506,000
+
9.5
1,374,150,871
,+ 15.7
43,867,493
1,269,591,057
38,534,818
13.8
58,029,610
+
+
6.5
6,962,000
6,791,000
5,155,000
74,681,145
63,904,066
50,764,753
2,274,418
2,133,512
2,542,207
2,025,065
107488~198
12.8
2,557,303,656
9,623,360
.
8.0
147~118~783
"+~4~e
40,356,678
39,478,146
+
5.9
261,940,022
205,864,966
13,617,854
+
5.4!
7,845,855
6,0^1,466
38,529,107
+
6.5
36,776,035
29,383,793
+ 11.7
119,300,000
98,200,00(7
7.6
2,085,424
2,686,406
*2,400,000
1~2.9
2~21if,041
1,829,264
58,649,039
49,337,520
+ 18.9
45,995,768
27,833,000
"+~~8~.3
38,996,586
37r7~81~627
+
7.7
5,442,461
4,040,405
169,322,936
■
■
2.2
+15.6
43,~7~2~9~23i
41/788"l71
-T 8.4
300,326,873
283,675,532
+32.0
14,357,253
2.2
41,052,768
157,400.000
2,646,730
140,900,000
2,459,624
2.1
2^088,198
+ 11.3
+
+
9.2
5,124,985,270
4,729,164,931
+
6.2
252,946,052
191,688,649
168,950,731
625,400,000
51,662,427
157,623,310
+
7.2
693,378,659
678,754,373
582,400,000
+
7.4
2,686,312,993
10,177,679
+
7.9
45,187,027
2,429,900,000
40,424,427
4-10.6
10,978,424
9,258,264
7,776,078
236,913,409
8,073,857
+ 14.7
39,390,180
34,078,558
34,186,422
33,481,165
+
12.4
962,033,110
864,581,661
62,576,901
"
—Uiwf
+ 15.6
5.4
+
156,778,376
v''v.v.'v yv
666,693,568
770,542,588
+ 12.7
8,987,000
+ 17.1
+
:«
74,327,277
4.2
+
1,132,361,888
1,236,236,827
Total (8 cities)
s
+ 19.0
13,351,464
"
Erie
3.594,713,1
15,724,461
15,636,652
1,117,601,821
Pittsburgh
6,253,115,678
+
17,446,562
459,067,408
888,265,197
70,838,500
3,402,988
1,542,020
Greensburg
29.8
2.2
10.6
Co.
Pa.—Beaver
+
4.9
+
+
17,461,553
>
5,435,928,359
:;:+
21,861,700
1,842,383
11,721,249
3
——
.
42,073,877
27,591,745
17,794,458
483,547
Lorain
506,899
21,656,986
36,667,652
665,483,237
673,606
90,273,100
Youngstown
Newark
655.937
26,867,727
9.1
18,192,052
3,269,160
24,697,392
764,952
Mansfield
19.0
43.6
+
698,393,761
9,308,667
38,646,104
—
—
+
+
6.0
1,427,509
Cleveland
524,312
26,444,002
623,657
18.6
2,677,561,865
Hamilton
6/757~852
1,558,896
18,368,969
Columbus
7,~799~341
6,613,653
6,639,166
511,869,611
946,679,549
Cincinnati
5,2*43,598
—~~8~8
+
,i
Federal Reserve District—Cleveland—
Fourth
Ohio—Canton
6,869,676
9,516,813
6,741,291
12,748,710
2,961,701,588
Total (17 cities)
21.0
8,683"039
+
.
Pottsville
21.9
+
7,297,802
2,654,235
13,586,330
7,845,051
8,224,933
i 1,930,564
1,095,934
3,388,763
22,655,874
18,150,900
N
+
492,210,504
2,558,000,000
8,463,S2«
Bcranton
901,336
7,379,725
6.7
+
2,485,853
2,838,000,000
Philadelphia
Reading
965,67*
11,723,296
12.6
—
3,291,120
12,498,286
7,777,564
12,697,564
Harrisburg
Lancaster
■
8,933,169
i
3,719,642
4,051,496
3,918,242
v
14,288,180
+ 10.7
—18.7
2,331,591
2,859,722
Bethlehem
Wllkes-Barre
7.4
+
District—Philadelphia—
Reserve
Federal
+
13.9
21,793,088,125
165,898,257
J.
N.
Oranges
1,110,957,425
+
2,072,185
53,404,000
+
+
24,775,918,219
125,928,412
—
6.4
9,244,22
10,107,459
12,034,925
2,225,667
67,892,000
+ 25.7
28,805,016
+
97.6
29,472,414
5.3
—17.5
244,038,239
31,339,435
+
4,832,194
J.—Montclalr
Newark
316,709,597
1.7
—
33,929,473
1,647,725
111,859,477
156,444,743
4,075,245
32,354,253
1,538,195
Conn.—Stamford
Oil
Dec. %
1942
1943
$
4,951,267
53,586,998
28,634,049
Syracuse
W.
Inc. or
$
47,664,932
28,531,031
23,957,559,026
Rochester
N.
1944
Dec. %
5,433,711
21,033,474,800
5,094,247
5,079,700
—
,
Jamestown
Du
1945
14.1
+
89,247,219
280,800.000
—-
Elmira
Third
Inc. or
$
$
6,937,788
Y.—Albany
N.
Inc. or
Dec. %
101,919,712
-
Binghamton
New
1944
1944
Federal Reserve District—New York—
Second
H.
$
'
—Week Ended May 5
April 30-
1945
$
1945
""
Monday, May 14, 194#
FINANCIAL CHRONICLE
THE COMMERCIAL &
2146
A
District—Atlanta—
Sixth Federal Reserve
55,944,231
Tenn.—Knoxville
Nashville
-•
3a.—Atlanta
_——
Augusta
Columbus
—
—
Macon
Pla.—Jacksonville
-
Montgomery
Miss.—Hattiesburg
Jackson
.
Vicksburg
-
Orleans
La.—New
Total
(16
-
cities)
Federal Reserve
Seventh
Flint
1
—
Jackson
Lansing
-
Muskegon
-
Bay
City
Ind.—Ft. Wayne
30,750,688
50,756,000
4,114,360
14,929,992
6,963,142
15,967,558
+
2.5
"-/■'/,+
1.6
+
32.1
..■V5»V+
;
4.6
255,380
243,305
1,506,701,070
+
1.7
76,821,419
77,236,540
6.2
7,558,684,998
7,017,670,409
+
7.7
417,143,507
11,949,276
6,096,818,783
10,582,000
6,469,900,148
+
3.5
+29.8
+ 8.4
34,089,618
29,679,476
101,744,069
17,785,307
67,437,165
30,281,450
16,815,247
56,111,352
101,386,711
93,485,043
16,979,686
67,938,282
29,730,206
15,999,326
54,221,394
97,515,599
—
+
—
—
0.1
2.7
4.7
'
+17.4
+ 4.7
3.3
+19.0
+
537,406,715
1.5
+18.3
+12.6
Oshkosh
2,968,133
3.1
+18.0
4,441,915
3,892,259
+14.1
+
5.0
205,499
"170,36$
—
0.5
79,821,155
57,283,157
383,731,249
+
8.4
338,683,824
265,229,478
640,133
601,918
+
6.3
582,244
453,3$i
5j23",170
5,344,214
+
9.0
4,334,940
3,692,520
+ 28.2
4/258^289
13~5
3/242421
—17.4
2,393,178
—11.4
+ 6.4
— 6.9
— 5.0
+14.6
+19.3
+35.6
+13.0
—11.4
+27.9
:+ 5.1
+14.2
+26.0
66,678,435
136,407,154
37,608,147
623,245,740
10,738,914
16,772,636
2,982,471
9,446,539
149,448,580
Milwaukee
"
709,778
Watertown
2,120,195
—
9,504,062
Moines
73,800,048
31,161,102
City
31,723,928
917,841
2,726,003
2,268,462
'
1,052,026
,
ni.—Aurora
3,252,097
Bloomlngton
+
8,929,773
67,998,886
la.—Cedar Rapids
+
2,963,782
'
Chicago
2,232,818,908
7,925,517
Decatur
Peoria
1,975,340,321
*
8,946,952
23,625,692
9,874,342
7,609,124
786,462
30,210,915
...
Springfield
10,380,918
8,687,891
Sterling.
991,098
Total (31 cities)
t
9,025,851
41,913,565
276,815,144
129,385,180
4,093,080
,
3,415,686
9,976,999
12,976,849
10,573,143
8.988,412,434
32,143,843
120,043,250
40,841,035
34,667,906
• 3,926,703
'
.
"
39,212,578
275,969,046
131,696,852
3.824,312
11,969,274
10,000,695
8,241,314,832
32,666,599
97,499,806
1 38,917,071
31,970,000
3,422,049
6.5
17,739,319,147
17,217,387,960
'+
+
4,120,167,749
4,387,487,100
'
+
736,467,899
5.8
—
+ 14.9
+
8.8
+
3,713,(
4.7
0.7
—
1.9
5.1
3.5
76.3
2,899,687
5,403,895
3,064,796
33/707,000
27/694^000
30,505^000
26,929,
2,765,
+
4.0
5.8
508,049,975
>"
17,782,173
859,096
41,958,459
Rockford
4,375,634
4,909,667
Sheboygan
Haute
Wis.—Madison
Ames
54^63l"665
4,713,415
1,532,420,089
62,140,170
185,138,708
40,778,270
642,310,134
11,543,545
Sioux
59,159^313
6.4
0.1
12,968,260
15,738,397
34.630,206
8,838,831
144,906,253
2,514,585
Des
4.0
+
:
+10.4
1.7
2,895,776
1,537,787,106
6,842,193
23,244,585
3,740,937
15,331,430
7,308,133
3,441,414
13,184,046
24,593,266
121,477,110
25,188,089
Bend
Manitowoc
+
+
16.1
+
1,668,201,598
Indianapolis
-
+
+
880,114
25,407,427
135,725,090
Terre
:
+ 18.6
73,382,102
"N
+ 29.0
350,944,436
4,140,134
13,806,686
.
Gary
South
+ 11.8
55,545,848
11,442,610
3,820,644
+ 21.6
2,392,857
3,205,932
1,511,114,416
8,883,473
Detroit
Grand Rapids
1.9
4.0
943,539,126
80,663,437
29,994,940
50,477,000
85,802,819
—
12,092,000
13,035,600
3,086,874
1,044,189
351,428,689
981,607,293
4.5
—
+
District—Chicago-
Arbor
Mich.—Ann
7;008,268
3.9
+
19,310,359
72,653,637
+
14,467,860
1,771,679,818
Meridian
+ 22.3
"219,090,548
20,181,747
6,872,005
11,497,000
15,856,751
Mobile
+
210,771,768
17,690,617
228,800,809
Tampa
Ala.—Birmingham
■
8,270,515
—
-
6.8
3,620,210
3,794,842
3,335416
+
35.7
9,942,146
7,250,432
7,892,874
+
8.4
+
6.3
39,Vl6~432
32,268"094
+
+
7.5
+
6.0
+
—
23.7
34,656~092
7,095,
29,
—12.7
—
4.5
+
6.9
2,438,394
2,199,347
10.8
2,113,871
1,840,4
+
0.3
17,609,036
16,718,556
+
5.3
16,034.167
13,712/
—
1.8
8,462,803
7,288,194
+
16.1
7,532,204
•5,473,S
+
7.0
+
8.4
+
5.7
902,789
610,905
+ 47.8
687,221
542/
+ 10.5
547,914,493
2,064,402
462,410,251
+ 18.5
427,663,142
437,919/
1,419,235
—
0.9
1,692,743
+
22.0
1,360,481
+ 23.1
7,434,871
5,550,560
+
33.9
5,543,600
5,281,1
+
4.9
2,530,658
2,364,130
+
7.0
+
8.1
2,288,568
2,009,312
+
13.9
2,101,763
1,905,478
2,081,5
1,626,43
+
14.7
+
3.0
694,391,520
585,126,583
+ 18.7
552,448,755
+
4.4
198,300,000
170,700,000
+ 16.2
148,600,000
+
13.0
+ 12.8
76,179,329
65,455,534
+ 16.4
64,274,431
51,275,625
9.2
45,631,966
35,942,097
+ 27.0
36,153,009
29,566,38f
fSgbth Federal Reserve District—St. LouisMo.—St.
Cape
Louis
783,961,230
Girardeau
5,244.380
'ndependence
1
<
309,160,384
Ei.—Jacksonville
Quincy
Total (7 cities).
t
_
684,566
165,069,822
550,565
5,423,885
J>i n.—Memphis
4,580,000
1,296,826,606
1,190,956,246
3,163,307,424
3,029,676,167
23,343,120
20,651,908
3,064,048
3,552,082
+ 10.9
|
6.4
1,356,865,019
821,199,818
1,212,645,216
+ 16.1
278,750,622
191,604,250
5. r.—Louisville
853,462
12.0
—12.4
4,683,876
747,911
!+24.3
2,664,879
2,281,936
8.9
+
+ 21.2
19,548,605
1+18.4
+
752,311,219
^
118,300.00C
—13.7
19,309,000
+
1.2
5,389,992,913
5,040,427,528
+
6.9
u.
'
l~22if,556
1^49~000
~2~0
M~8~4~000
*~~795,00(j
321,334,851
273,346,631
+ 17.6
250,211,440
199,937,01.=
tVolume
THE
Number 4385
161
1945
$
17,020,047
16,648,092
+
594,134,694
549,492,260
2,513,997
2,143,150
198,479,445
2,372,973
$
Federal
-
Minneapolis
t—
—
Rochester
Paul
St.
^
Winona
N.
D.—Fargo
Grand
8.
—
Forks
D.—Aberdeen
6,593,726
-
+
:
.
60,073,061
+ 16.9
11,218,900
+
3.5
8,672,028
+
14.3°:
■26,991,917
5,480,712
+
>
142,746,930
127,306,608
49^911",785
49,"5937559
+
57097,042
57022,207
+
lj625^183
iSSSm
17495,351
17473",745
57266,154
578T8*,65l
207,956,948
192,030,806
8.2
13.7
+
+ 24.4
Beaumont
6.1 V
Galveston
Houston
——
w
Arthur
Total
74,808,795
45,760,840
8.6
2,749,038
1.3
5,478,876
2,771,958
4,778,235
"+180
177735_77830
13776787901
3.6
5,850,940
4,101,794
2,947,637
7,358,173
3,259,690
7,457,294
7.5
209,1)957035
18l7oT47I55
8.3
5,798,244
6,013,559
1,313,836,303
4,337,672
4,408,042
5,066,388
51,663,027
135,573,900
2.0
—
—
+
175,874
1.6
__
+ 12.0
3,497,513,444
+
1.0
110,352,855
120,349,292
+
14.3
4,175,466
3,718,454
55,572,396
+ 13.7
256,843,103
4,549,558
+
4.1
18,801,587
215,206,470
19,238,496
235,955,748
+
8.0
1,043,502,244
976,980,254
+
6.8
3,456,433
+ 17.0
16,819,752
+
7.0
2,275,309
9,444,727
15,723,329
8,681,056
+
8.8
6,519,944,827
6,217,720,598
+
47,964,136
+
1.8
—
1,443,356,002
+
8.41.'
11,550,559
+
3.6
8,233,744
+
7.7
53,993,902
37,803,261
464,688,333
42,031,592
+ 13.8
2,207,028,771
+
5.3
+
0.6
'
;
2.4
—
—
8.7
+
+
—
9.6
+
+ 60.7
2.3
1,133,242
960,878
1,304,869
1,480,262
901,903
""835,400
"9007212
"*7077342
4.7
313,677,536
273,151,182
273,801,147
200.768,973
12.6
3,205,065
2,555,634
+ 25.4
2,959,265
2,667,309
"+"7.o
10O7O47",497
7575247625
—
33,938,193
1,916,333,961
+14.8
+ 11.4
122^4,000
1047692,000
+ 14.0
137740,656
137381,690
T77
1273~67358
16,8917386
7.6
3,211,000
3,616,000
—11.2
2,576,000
2,904,000
+ 15.2
192,886,779
178,723,981
53,543,151
+12.3
250,426,261
219,515,823
12,706,000
+
0.3
52,553,000
56,864,000
+ 10.4
1,946,244,461
6.9
15,435,004
28,114,425
1,690,151,102
17,530,384
—12.0
24,341,897
+ 15.5
8.6
+
7.9
+
423,483,566
3,806,909
—
—
+
15.2
5,911,043
+ 12.2
17631,014
I,TOT,367
"+7675
171757921
Imims
2,760,259
2,601,082
+
6.1
11,732,889
9,381,791
21,942,290
+ 10.0
101,523,530
88,557,172
+ 14.6
578847830
572T2755I
"+7275
474~5"27889
4,00l7677
—
Cities)
1,172,120,889
1,050,498,269
+ 11.6
4,897,742,283
4,283,302,440
+ 14!4
150,126,565
130,861,742
+ 14.7
123,578,930
97,029,543
80,177,569
83,547,984
4.0
89,883,419
69,227,868
2,277,169
2,134,251
6.7
1,627,709
1,227,011
79,269,491
67,555,599
+ 17.3
84;683,581
5i7m76"5l
27,8087607
24,1977571
Ti576
25,562,215
21,4967273
97204,488
975~7~0,887
"—7.8
57l46~,927
57673,554
47679,105
"+7l73
377047791
3087349,000
28670~087000
"+"7.8
27170457581
+
14.4
District—San Francisco—
*
4,153,777
3,769,749
+
7.5
15,122,504
14,822,946
+
2.0
371,221,818
+
9.6
1,543,203,696
1,498,775,360
+
3.0
10,159,132
8,097,670
9,219,564
7,719,700
+ 10.2
43,388,482
35,165,671
+ 23.4
4.9
33,104,667
32,324,967
+ 18.3
3,872,000
308,120,245
6,836,381
3,143,000
306,172,419
5,571,572
+ 22.3
14,38i,000
11,762,000
+ 22.2
0.6
1,290.617,042
113,946,421
109,714,664
+
Ariz.—Phoenix
31,261,424
28,553,415
+
11,362,997
11,439,979
—
-
-
—
Portland
Utah—Ogden
Lake City
Beach
Long
Pasadena
-
San
—
134,841,880
124,131,500
42,093,453
+ 14.2
50,721,541
61,011,825
18,126,809
+ 35.9
26,365,174
24,554,171
+
+
8.7
109,291,618
+
8.7
39,176,976
89,237,963
74,403,040
7
+
+ 17.0
2,137,513,375
6.5
9,358,317,735
+ 10.8
198,720,293,493
Outside New York
22,997,461,954
21,359,926,087
+
7.7
93,892,775,415
+
+
2.1
1,936,923
+
37.3
1,659,049
1,253,849
*5,000,000
4,678,483
+
6.9
4,292,543
3,174,825
489,806,257
+
Notices
East
One
bonds,
: ,+7
list of corporate bonds, notes,
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."
55th
due
7NOTICES
TENDER
OF
Date
American General Corp., common stock-:
Jun 30
Asuncion Port Concessions Corp., 8% gold debentures—May 16
Chesaspeake Paperboard Co., 1st mtge, 6s, due 1946--—May 14
Cleveland, Cincinnati, Chicago & St. Louis RR.-St. Louis
Division, 1st collateral trust mortgage bonds—
May 15
International Paper Co., 1st & ref. mtge. 4s, ser. A & B_May 31
Kanawha Bridge & Term. Co., mtge. bonds dated 1908__Jun
1
Company and Issue—
Page
1762
1763
♦
Street
V 526,033,806
7.4
495,539,249
344,505,665
11,811,317,301
9,706,010,265
+ 21.7
10,457,922,168
7,023,474,228
88,956,699,810
5.5
4,968,679,585
4,437,158,200
+ 12.0
4,361,404,851
3,557,688,160
+
Date
series
A,
Corp.,
4%
1st
mtge.
due
Pag*
;
Service
Co.,
1st
mtge.
Jun
1
29
2004
1
2038
15
2038
Pennsylvania Glass Sand Corp., 1st mtge. 3'As, due 1960 Jun
Jun
Phelps Dodge Corp., 3'A% debentures, due 1952
Pittsburgh Steel Co,—
-Jun
1st mortgage 4'A%
bonds, due 1950
—-.—
Consoi.
Co.—
bonds, series A, due 2039—Jun
mortgage 3% -8%
Association of St. Louis—
'
Terminal RR.
General
mortgage
refunding 4s,
due
{
15
mortgage
4'A%
2039
mortgage 4'A %
2039
bonds, series B, due 1950—— -Jun
-Jun
bonds, series C, due 1950
Poli-New England Theatres, Inc.—
1st Mortgage bonds, due 1958Jun
Portland Gas & Coke Co., 1st & ref. mtge. 5s, due 1950. Jun
4
1
of
1
Colorado, 4% debs., due 1949---, Jun
Revere Copper &-Brass, Inc., 1st mtge. 3'As, due I960-; .May 15
San Jose Water Works, 1st mtge. 3%s, ser. A, due 1961- Jun
1
Schenley Distillers Corp., 5 'A % preferred stock———. Jun 30
Seven Eleven
East
One
Co.
-
—-——
2039
Kendall Co., $6 cumul. & partic.
1662
Lehigh Coal & Navigation Co., consoi. mtge. 4'As, ser. C_July
Funding and improvement ¥!< 50-year gold bonds—July
Lehigh Portland Cement Co., 4'h cumul, conv. pfd. stk._Jun
Los Angeles Pacific Co., 1st ref. mtge. 4% bonds, due
1950
July
1469
Fifth Avenue, Inc.—
St.
55th
1st mtge.
Corp.,
leasehold
bonds,
—Jun
5
Date
Sinking fund 23A% debentures, series due 1950———May 21
Sinking fund 3*A% debentures, series due 1960
-May 21
Sinking fund 3%% debentures, series due 1970May 21
American
Writing Paper Co., 6%
gen, mtge,
bonds,
v
due 1961
——
July 1
——
Cincinnati Gas & Electric Co., 1st mtge. 3 'As, due 1967_Jun
Denver Tramway Corp., gen.
due 1950
1—
2040
1663
2000
1882
•
*
2041
2044
Simmons Co., 4%
,
Disinfecting Co., 1st mtge. & Collat. 3'As, due 1958 .Jun
1
Page
1873
1873
1873
v+;
^
1763
1993
& ref. mtge. bonds, ser. A,
Wilson & Co.,
Arthur
Burns
Apartments
Evangelical Mission Covenant Church of America—
1st mortgage serial bonds dated 1941
May 15
Fort Street Union Depot Co.,. 1st mtge. 33/4S, due 1965—Jun
1
1094
1st
due 1948———Jun
1st & ref. mtge. 4s, ser. A, due 1961-Jun
1
Iowa Public Service Co., 1st mtge. 3%s, due 1969-——May 26
Co.,
James Morrison
1st
and
Brass Mfg.
general
Coal
mortgage
mortgage ,7'A%
& Navigation
bonds
Mojrs,
Ltd.,
Co.,
bonds,
series
July
A
1
1st mtge. 3%%
1st mortgage
coupon
——-
bonds,
due
National Dairy Products Corp., 3'A%
New England
1953-
—
2002
Vermont
B,
due
Jun
1
-July
1
142®
*
1
2003
debs., due 1960—Jun
1775-
1098
&
due
Gas
2043
1473
1
Public
due
1969
mtge.
due
Corp.,
:—
1
1537
1
1992
Lawrence
A,
B,
Lukens Steel
1st mtge.
&
9
1992
1
1992
1541
15
31
21
1771
1879
1426
0
4
16
1
1
1880
1999
1
,2001
1
1
1
1
2001
1
1319
«
»
1882
Co.,
and D——
C,
1
1653
1
1876
-July
:
1
1876
1
1876
5s
due
1
1993
1
1994
July
Light,
Power
&
Traction
Co.,
mtge. bonds. 3'A 'k series, due 19.61 and 1962—May
serial bonds, due 1940-1950
——May
New York, Chicago & St. Louis RR.—
Toledo, St. Louis & West. RR., 1st mtge. 4s, due 1950_Oct
New York Power & Light Co., 1st mtge. 3%s, due 1964_May
Northern Pennsylvania Power Co.—
1st and ref. mortgage 5s, series A, due 1956-———Jun
1st
1st mtge, 2'A %
East
Coast
Public
bonds, series A,
Service
due
1948
Co.,
1st
lien
collat.
-
6%
Okonite Co.,
preferred stock———
Pacific Gas & Electric Co.,
due
1964
1st & ref. mtge. 4s,
—
—
RR., 1st consoi. mtge. 3'As, due
Procter & Gamble, 5% preferred stock-
1774
1
18
'1775
313
1
2004
1775
series G,
—Jun
July
1951—
1
1
Jun 15
1547
212
1247
convertible preferred stock—Jun 30
Republic Steel Corp., 6%
Reading Co,—•
mortgage 4Vs %, series A and B, due
Gen. & ref.
1774
18
18
May 14
Jun 1
1st mtge., 3%s, due 1972.
Edison Co.,
1st & ref.
1997-July 1
1
1540
_Jun
1
1994
Jun
1
»
1
1540
July
1
26
26
1887
due 1952-^-July
1
1887
preferred stock—wMay 14
1810
Securities Acceptance
2nd
Corp., 6%
mortgage. 5s,
due
1945,
July
1
—July
1
—
1996
5% bonds, due 1957-,—
1st lien & ref. mtge.
Texas Electric
6%
Public
Jun
Service Co., 1st mtge. 5s, due I960—
Utilities
Corp.—
July
July
collateral trust bonds, series B, due
1960
1
1
Virginia Electric & Power Co.—
1st and refunding mortgage bonds, series B, C and D-Jun
Washington Ry. & Electric Co.—
Consolidated mortgage 4s, due 1951
—Jun
1st mortgage 4y4S, due 1958
* Announcement
a
in
this issue.
607
8
*
collateral trust bonds, series A, due 1960
York Corp.,
4%
-Jun
1887
jmige., 47<? gold bonds, series D, due 1947—May
mtge., 5% gold bonds, series F, due 1955—May
Savannah Electric Co., 1st consoi. mtge. 5s,
5 'A %
July
Consolidated Oil Corp., conv. 3'A% debs., due 1951
Dictaphone Corp., 8% preferred stock
DiGiorgio Fruit Corp., 7% preferred stock
'
■
..
'
United
1st
1962
—
South Carolina Power Co.—
bonds,
—-—
1544
————May 25
debentures, due 1952—-—Jun
1
Co., 43A7f
Shamokin, Sundury & Lewisburg RR.—
bonds,
City Light & Traction Co., 1st mtge. bonds, due 1952
Jun
Connecticut Light & Power Co., 1st & ref. mtge. 3 'A %
bonds, series G, due 1966
1
Jun
lien
1876
July
July
-
5s due 1955,
Montana-Dakota Utilities Co.—
1st & ref.
-
1st mtge.
Savannah Electric & Power Co.—
May 14
Pacific divisional 4%
—
Cities
1875
3'As,
—
Power
Portland
Jun
;
———
Sioux City
1969
1989
Jun
Service
1966
Page
Co.—
1964
Chicago & North Western Ry.—
15-year collateral 4% notes, due 1954
1st & gen. mtge. 4s, series A, due 1989—.
1st
mtge. Des Plaines Valley divisional 4%
Consolidated
1st mtge. 3lu%
1961
July
serial debentures——
4%
and
series
1st
989
2001
bonds
bonds, ser. A,
May 15
Northwestern Utilities, Inc., 1st mtge. 4'As, series A—Jun
1
due
Power Co.,
*
4%
—
Minnesota Transfer Ry.,
dated June 1, 1936
1997
2000
1882
Electric
mortgage 33As,
Central
Co.—
fund. & improve.
———^—-July 1
Le Tourneau <R. G.), Inc., preferred stock—_———May 31
Louisville & Nashville RR.—L. & N.-Southern 4% joint
bonds (Monon collateral), due 1952
——July 1
Lehigh
—Jun
Ltd., 1st mtge. 5s, series A, due 1934
Illinois
3'A%
Iowa Electric
„July
Boston, Worcester & New York St. Ry., reorganization
mtge. bonds/due 1947—
May 15
Central
July
—-—
Date
1% preferred stock
(Chicago), real estate bonds
Corp.,
—,—
Co.—
bonds, series A,
Issue—
Bemberg
& Co.,
*
Service
4%
collat.
Inc., $6 preferred stock——-———May 31
and
Company
American
1540
lien
1888
2044
bonds, due 1958— -Jun
1st mtge. 3%
series
1664
2043
St.
'
Ohio
1
Public
Coast
1st
Inc.,
Lower
ENTIRE ISSUES CALLED
1
East
-i.-——————————_—— Jun
1955
Wilson & Co.,
Company and Issue—
American Gas & Electric Co.—
preferred stock, ser. A_Jun
—.——————.
1
debentures, due 1952—
May 15
Standard Oil Co. (Ohio), 4'A% conv
preferred stock— May 17
Stokely-Van Camp, Inc.—
Stokely Brothers & Co., 3'A# debentures, due 1958- -Jun
Sunray Oil Corp., 3%% debentures due 1959
—— -Jun
Toledo Edison Co
-Jun
3 'A % debentures, due I960—.
United Biscuit Co. of America, 3 'A % debs., due 1955— .Jun
'due
,
1953—
debentures, due 1958————May
debentures, due 1956—
May
General Tire & Rubber Co., 4'/a% cumul. pfd. stock—^May
Georgia Power & Light Co., $6 preferred stock
5
Goodrich (B. F.) Co., 1st mortgage 4'As, due 1956—;-Jun
Houston Elec. Co,, 1st & ref. mtge. 5s, ser. A, due 1950-May
Houston Oil Co. of Texas, 4'A# debentures, due 1954—July
Johnson Fare Box Co., 1st mortgage 6'As__
-——July
Kansas City Southern Ry., ref. & improv. mtge. 5s,
due 1950
——July
'
REDEMPTION
PARTIAL
Flintkote Co., 15-year 3%
Food Machinery Corp., 3%
2039
1st
1st
$84
——
5s,
1957—.
Page
Date
and Issue—
& Power Co., ref. and first collat
mtge. 5% bonds, series B__.
-July 1
E-Z Mills, Inc., preferred stock———
—-—May 31
2004
Jun
Water
Company
Eastern Oregon Light
leasehold
West
Transportation
Philadelphia
'
7.0
+
1955-
Oregon-Washington
Public Service
/;+
■
3,014,339
3,933,434
+ 10.0
8,745,458,666
180,700,894,605
r
5,615,124
2,658,504
5,497,451
+ 14.9
+ 19.9
Company and Issue-
Redemption Calls and Sinking Fund
a
3,Tl6^250
18572827666
•
.
Below will be found
"
7.4
4,675,704.533
83,202,598
34,084,872
42,393,400,887
•Bstimated.
+ 25.6
+ 15.2
18,379,596
V,
+ 12.1
74,916,692
5,081,381,447
2,276,753,197
cities)
7.8
+
•
7.0
+
46,955,020,980
(19
—16.9
30,836,455 ;
4.7
—
Grand Total (186 cities)
Total
3.4
+
174,846,978
34,566,428
94,061,954
8,873,347
+
+ 16.9
48,051,941
188,487,153
9,572,694
Barbara
9.5
9.4
—
+ 10.1
24,960,812
472,818,938
K
+ 39.2
6,486,551
1,150,588,296
21,393,376
Jose
Santa
Stockton
488,482,050
+ 14.7
*21,500,000
Francisco
..
2.9
+
28,834,219
3.4
—24.6
25,762,545
San
1,255,042,753
+ 22.7
13,893,648
6,034,143
1,204,497,208
Riverside
+
36,308,496
1
7,958,424
24,628,511
—
+
6,937,376
11,476,498
50,554,073
Berkeley
Modesto
.
+ 16.9
80,675,807
1,276,912,846
Calif.—Bakersfield
;
3,723,948
2.8
1.0
+
416,959,054
Salt
■
189,319
4,704,543
4,070,114
69,012,237
13,989,120
3,255,555,613
6,629,612
Federal Reserve
Ore.—Eugene
!
234,665
411,379
5.0
369,323
4,275,044
25,249,476
•Ida.—Boise
A
9.1
+ 13.9
223,128
3~6
3,602,595
74,128~259
+ 19.8
Yakima
,
+
323,387
8.1
—
-
Seattle
,
204,428
+
__
3,894,676
71,457~828
132,341,178
15,229,285
Wash.—Belllngham
„
150,473,162
2.5
—11.4
—
(11
190,665,334
.+
5,334,964
Jf'alls
Texarkana
La.—Shreveport
Twelfth
8.3
3,525,578,202
'
Wichita
.+
.3,613,743,714
+
6.5
52,983,200
61,113,860
12,714,000
466,390,011
3,545,406
Worth
Port
37909,273
+
11,979,064
-
-
"*907^234
El4M82
1,846,884
8.6
8,655,590
528,438,486
44,645,125
-
Paso
Ft.
I7675726I
+14.1
+ 11.4
—
———
-
—
172807614
District—Dallas—
Reserve
Texas—Austin
Dallas
+ 19.6
1715*57389
7.0
+ 16.8
975,150
1,564,325,202
Federal
Eleventh
278397830
5.8
+
+ 14.6
—
(16 cities)
'573697080
T.5
22,133,684
79,662,365
1,733,317
1,247,684
Pueblo
>Wyoi»iing—Casper
2.5
—11.5
2,191,557
Springs
Denver
37,5*697346
3.3
—
12,226,277
34,538,477
3,063,922
750,436,019
25,128,904
703,826
Okla.—Tulsa
Colo.—Colorado
47,"92o7482
0.7
4,043,788
—
6.0
2.2
4,737,080
254,897,088
—
+ 12,2
3,882,211
100,290,068
6.4
63,172,248
;
8.4
4,766,456
127,031,831
+
2.1
1,228,752
Mo—Joplin
Kansas City
St. Joseph
Carthage
El
1.9
1.7
13,615,482
31,610,468
3,669,466
840,672,113
25,391,522
814,390
>;
Topeka
Wichita
*
85,260,606
"+~~6~1
295,792,779
955,541
Parsons
$
7.3
.
298,742,325
-
24,114,925
+
16,681,575
(kKans.-—Manhattan—
i;
■
17,705,137
—
——
25,723,012
+10.7"
751,945
-
-
-
5,195,829
Jv
17.3
—
833,583,987
878,245
-
3,51*7,819
—
City—
Neb.—Fremont
Omaha
1942
$
-
884,625,694
District—Kansas
Reserve
1
+ 13.2
5,142,500
18,094,922
480,210
,
(16 Cities)
3,814,503
+
55,820,132
5,868,1189
"20,353,831
2,035,681
+ 15.0
,
439,037
Hastings
1943
Inc. or
Dec. %
■„
+
23,749,833
54,001,070
9,926,096
+23.1
-
5,823,494
-
Federal
1944
$
2.3
8,485,419
2.2
+ 11.4
+
1,252,819
Lewistown
Lincoln
815,487,755
12,674,309
e
Total
1.1
+ 27.2
20,023,336
Falls
Helena
Tenth
2.2
2.2
1,420,855
12,556,403
;
a
Mont.—Billings
Great
8.1'
+
65,076,339
2,408,358,814
9,760,797
■
6,428,844
Falls
Huron
+::
—
431,605
10,773,382
480,700
13,702,382
2,701,000
2,110,892
-
Sioux
1945
or
Dec. %
5,767,458
2,424,216
,
Minot
%;
66*642,545
2,362,832,250
9,093,534
791,893,493
9,719,895
1,913,681
55,527,034
10,149,000
"
-
——Week Ended May 5Inc.
$
2,310,000
2,040,150
196,252,071
—
Fergus Falls
Jan. 1 to April 30—
1944
1945
2147
District—Minneapolis—
Reserve
Minn.—Duluth
*■<
Inc. or
Dec.
Clearings at—
Ninth
—Month of April——
;
1944
COMMERCIAL & FINANCIAL CHRONICLE
SUpon presentation.
4
1
May 25
609
*
Monday, May 14, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
2148
Holdert
Per
Foreign Exchange Rates
Pursuant to the
requirements of Section 522
May 4
+297733*
.251247*
.251247*
Pree
■
Brazil, cruzeiro—
:
.060602*
.051802*
.909090
.907500
.251247*
.251247*
"
3.228000
3.228000
.060602*
.051802*
.051802*
.569800*
4.035000
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.201215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
.205820
.909090
.905416
.909090
.909090
.909090
.909090
.905625
.905625
.905625
3.244203
3.244203
3.244203
3.244203
3.244203',
3.980000
3.980000
3.980000
3.980000
3.980000
Mexico, peso
Newfoundland, dollar—
Official
.905000
Pree
Union of
.908125
.569800*
.569800*
.908125
.569800*
4.035000
.
England, pound sterling
India (British), rupee
New Zealand,
.908125
3.244203
+
pound
•
<•
3.980000
South Africa, pound-
Uruguay, peso—
.542650*
.542650*
.658300*
.542650*
V
12 Federal
Statement of Condition of the
Combined
Reserve Banks
.542650*
May 9,
Assets-
Gold
and
certificates on hand
due from U. S. Treasury——
Redemption fund—F. R. notesOther cash
.
240,801
Industrial loans
13,204,414
5,412,211
.—-
+
Bonds
1,115,142
-
1~350
—
—.——
Loans
securities
20,719,617
Total loans and
+
241,034
21,275,278
securities
+
+
223,294
113
—
Due from foreign
P.
•
—
Other assets
—
Total assets
—
7,879,110
1,559,223
34,221
57,451'
—122,569
*
—
2~238
y
U. S. Government
'
—
Loans to banks
\
661
Other loans
-
Treasury bills
5,395
+
63
+
210
-
19
+
270
+
31
+
89
+
7
+
18
+
+
+
91,394
+
Reserve with Federal Reserve
4,595,264
Deposits:
15,029,352
Member bank—reserve acct._
446,614
U. 8. Treasurer—gen. acct—
Foreign
1,071,542
.
391,845
Banks
—
Cash in vault—
+
+
—
—
Balances with domestic banks
2,299,854
+
232,199
+
137,722
23,449
87,452
Liabilities—
520,304
—
20,071
+
Time
1,245,286
Deferred availability Items-
11,481
Other llabs., incl. accrd. dtvs
+
+
53,648
2,169,268
40,918,580
-
714
+
2,157
+
6,726,695
Foreign banks——
Debits
■
167,871
Total liabilities & cap. accts._
Ratio of total res. to deposit &
41,437,195
make
to
234
+
976
531
+
86
+
79
+
456
—
—
46.5
;
—122,569
+
6,800,974
.2 %
—
12.7%
+
.
494
—
2,462
Condition Statement of Member Banks
The condition statement of weekly reporting member
of
the
Federal
Reserve
System in 101 leading
cities shows the following principal changes for the week
ended May 2: Increases of $185,000,000 in loans, $234,000,000 in deposits credited to domestic banks, and a de¬
crease
of
$202,000,000 in United States Government de¬
Allied
Loans to brokers and dealers for
ing
Acme
Steel
United
States
purchasing
or carry¬
Government
obligations increased
for the same purpose de¬
$40,000,000, and other loans
clined $19,000,000.
Loans to brokers and dealers for
purchasing or carrying other securities increased $63,000,000 and other loans for the same purpose increased
$31,000,000, largely in New York City.
"Other loans"
increased $35,000,000 in New York City and
$79,000,000
at all reporting member banks.
Holdings
of
Treasury
bills
increased
$43,000,000
in
(initial)
Co.
5%
Algpma Steel,
posits.
Class
A
6%
Co.
Co.,
$1
America,
of
common
(quar.)_
American
American
Chicle Co.
(quar.)
American
American
(quar.)—:
(quar.)
preferred
Arden Farms Co.,
t&e
6-15
&
Co.
40c
2
6-
-
15c
6-
1
Northern
2
2
8
6-
1
6-
1
non-cum.
preferred
(s-a)__,
$1.65 convertible
Inc
41 Wc
Aroostook RR. Co.—
preferred (accum.)-.—
—
6-
6-12
6-11
6-
1
.
Leath
5-19
12 Vac
6-
9
5-29
$2.50
7-
1
6-
Bangor &
6
4-28
:
5-25
6-
5
15c
6-15
6-
5
6-15
5-31
6-15
5-19
621/2 e
6-15
5-19
6-30
6-15
6-
40c
25%
5-21
8
5-21A
$1
6-1
7-25
6-30
1
5.15
6-
6-12
6-
1
6-
9
5-17
8-
1
7-
$1.50
6-
1
5-15
9
30c
40c
7-
15c
6-
1
6-12
6-15
2
6-
8
1
5-19
6-21
$1.50
5-21
5-10
1
15c
6-
25c
6-20
6-
$1,121/2
6-
6-15
5-31
50c
5-25
5-15*
6-
1
5-15
25c
(quar.)
7-
2
6-15
—
Ltd
Co.,
Inc.,
57o
——_
common.......™
— *—
Oil & Gas,
—
5-
5-12
121/aC
pfd. A (quar.)
(s-a).
shares
7
5-17
150c
6-
1
150C
j.
—
(s-a)———
Ltd.—
Group Shares.—^——
-
6-
1
5-17
$0.0375
8-
1
6-30
<
Machinery
(s-a)
shares
—
&
Company
Co.
&
(H.
Co.,
—
——
Leslie
Salt
Lionel Corp.
Miami
6-15
6-11
50c
7-
2
6-23
6-15
5-15
6-
1
5-15
6-
1
5-15
25c
5-19
6-15
5-23
6-14
5-20
Co.,
10-
25c
25c
6-15
6-
10c
5-10
4-30
40c*
6-15
5-19
20c
(quar.)
(auar.i—
$4.30 original
5-15
6-30
621/2 c
(quar.)
(quar.)..—
Inc., 75c class A
Co., new (initial quar.)
RR.
1
$1
10c
Inc.
Company
5-15
6-
1 150c
$1
—
Leigh ton Industries,
Leland Electric
1
$1.25
common
common
Co.,
D.)
5-31
6-
30c
,
Works
5-?9
20c
(s-a)_—_—
(quar.)—
Dye
6-11
6-30
40c
(quar.)
(B.)
30c
t40c
150c
(quar.)—
Ltd..^—
Petroleum Co., Ltd.—
Cigar
H.)
(quar.)
capital
—
5-31
50c
6-
—
1
9-15
10-
1
9-15
6-
—
special gtd.
5
5-21
1
5-14
9
5-25
$1.10
6- 9
5-25
Schuylkill Navigation RR. & Coal Co.—
—
preferred
(quar.)
Sales (quar.).
Lvon Metal Products (quar.)
Mahoning Investment Co.—,.——
Ludlow Manufacturing &
75c
7-16
6-
25c
Semi-annual
+
77c
■
5
5-15
1
50c
25c
(quar.)
Pineapple
shares
6-
6-20
—
preferred—
Co.,
$2.50 preferred
Lee
1
5-25,.
5-22
8
5-
40c
(quar.) —
Works—
—
Co.
Bleachery &
Lanett
Little
$2.50
6-15
75c
(New York)
Paper
Paper
Lane-Wells
6-12
2
50c
—
preferred (quar.)—
—.
7-
5-15
6-20
-
$1.25
—
Superior District Power,
5%
preferred (quar.).
5-10
$1.50
6-1
115c
20c
—
& Co., Inc.
Shore Mines, Ltd. (quar.)
Little
—
7- 7
75C
common-——
Lake
5-19
75c
1
150c
Railway
Kuppenheimer
—.—.—
(quar.)
(111.)—
8-
8
25c
(quar.)_
Corp
Rubenstein,
(S.
Kress
5-23
50c
Ltd.
S3 partic. pfd.
6-
5-25
21/2C
Registered shares (s-a)——;—
Natural Gas Co., Inc.———
5-29
$1
6-15
2»/2c
Interstate
6-20
6-11
6-11
6-
20c
f
:
(quar.)_
—
(quar.)_———
Chemical Co., 4Va% pfd. (quar.)_
Bearer
6-20
7-
5-19
(Western),
Ltd.
Mines,
International
5-18
7-
1
6-25
6-22
155y2C
t$1.25
—
International Nickel Co. of Canada,
4
62 Vac
Corp..
Northern
International
5-16
6-15
7-
6-
25C
(quar.)—«—
Engineering
Lakes
Insurance
5-17
9
1
371/2 C
(quar.)
Corp.
Insurance
Registered
5-10
6-
——
—
Forge Co
;
Automobile Gear Works, Inc.—
5%
Falls
Lake
6-30
5-14
8-
Institutional Securities,
1
20c
prior preferred (accum.)
Gulf & West Indies SS. Lines—
Foods,
50c
6-13
5-31
$1.12'/a
pfd. (quar.)
(quar.)
Harvester
Bearer
'
6-1
$1.50
7- 2
6-1
Imperial Oil, Ltd.—
.
$6 convertible
B/G
6-
50c
Illinois, commonl
(quar.)
$2 preference
5%
6-15
5-15 +
187 % C
(quar.):
preferred
Hiawatha
4-20
$1.18^4
Atlas Drop
deposits adjusted increased $94,000,000 in New
York City, $31,000,000 in the Philadelphia District, and
$48,000,000 at all reporting member banks, and declined
$33,000,000 in the St. Louis District and $24,000,000 in
preferred
conv.
Atlantic
5-15
$1
>_■
Exchange Holding (increased s-a)_
Gas & Electric Co., common (quar.)
Andian National Corp.,
Demand
15c
6-
6-22
6-15
25c
————
Corp.
Motors
Class A
5-17
—
creased $78,000,000 in New York
City, $26,000,000 in the
Chicago District, and $104,000,000 at all reporting mem¬
ber banks.
Holdings of "other securities" declined $45
New York City and $57,000,000 at all reporting
9
1
6-11
7-15
$1.75
(quar.)—
common
America
Hallnor
5-22
6-
European Securities—
$6 preferred
Armour
6-15
'
50c
Corp.
Ltd.
Co.,
Hammermill
—
Treasury certificates of indebtedness declined $128,000,000.
Holdings of United States Government bonds in¬
in
15c
-
___»
(quar.)
American Machine & Foundry
Anheuser-Busch, Inc. «...
000,000
Machinery
Great
6-11
.
5-11
$1.25
(quar.)
Fund
Industrial
Fair Stores,
Great
5-21
2
6-15
Ltd.—
(quar.)—.
Great
5-15
6-11
2
6-11
20c
(quar.)
B
Glen
8*
5
6-
50c
Industries,
Holding Corp.
Extra
43/i%
6-
6-30
7-
American Investment Co. of
member banks.
50c
._
«e,v,nA0nrnknCity;,$31'000:000 in the ChicaS° Di^rict, and
S, S2: 'r0*in aA reP°rting member banks, and declined
$44,000,000
the San Francisco District.
-
40c
common
Inc. (quar.)
—
(s-a>
—
Bantam Car Co., 6% pfd. (accum.)
5%
2
7-
7-
50c
$1.31'/4
common
(quar.)—
(quar.)
(irreg.)—
—_
A
Gleaner
6-11
50c
Aluminum
Amerex
6-11
•
(accum.). Optional stock divi¬
dend series (44/1000th share of common
stock for each share held or cash)—
1
6-
2
6-15
$1.62i/2
>
$6 preferred
5-22
2
2
.v.
5-15
of Rec
7-
1.'
7-
40c
6-15
Holdert
7-
43 %c
(quar.)
preferred (quar.)
American
Holdings of
•
5-15
6-
$1.75
6-28
Common
50c
■
6-15
2
15c
Helena
+$2.50
6-15
5-25*
7-
171/aC
Hawaiian
-
(quar.)——
——
Manufacturing
preferred
Aluminum
(s-a>~—
common
.(quar.)
Allis-Chalmers
4%
..—
,
preferred
Products Corp.,
6-30
6-15
'
Companies
6-12
30c
25c
93%C
F-31
Harshaw
30c
4
5-19
6-15
this week are:
Payable
1
6-
5-31
10c
General Shareholdings Corp.—
tables.
Share
6-
2
7-
125c
declared.
Name of Company
5-15
6-15
25c
'
$5
When
6-15
1$3
1
General
Per
6-20
120c
(quar.)————
(increased)———
Stock div. (One share for each four held)
41st St. Building Corp
15,179
Industrial and Miscellaneous
6-20
2
9
Department" in the week when
The dividends announced
2
7-
6-
dividend payments in many cases are given
name in our "General Corporation
News
v;
7-
$1.75
5-
company
Investment
5-18
$1.50
$2.50 preferred
In the
bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
and
6-12
6-12
5-25
we
under the
2
2
5-28
6-15
Food
grouped in two separate
Dividends are
7-
7-
$1
5-15
Food
DIVIDENDS
200
6-12
6-11
General
23,264
6-12
2
$5.60
Chemicals
&
General Bronze
+
2
7-
28c
Fraser
+
5-25
7-
45c
Financial
accounts,
—.
ord of past
banks
Gov't
S.
6-15
75c
$1.50
(quar.)
Ltd.
Brewing Co.
G
&
10,759
1~371
+
—
3,731
U,
and
6-15
31 Vic
—_
Class
1,203
4
6-30
15c
716
+
5-25
30c
District Electric Co. (quar.)
English Electric Co. of Canada, Ltd.—
$3 non-cum. Class A (quar.)—
Falconbridge Nickel Mines (interim) —
Finance Co. of America at Baltimore—
1,724
+
5-19
—_
Empire
accounts except
deposit
Corp.,
(quar.)_
&
Cartons
preferred
40,056
Indus¬
trial loans
interbank
first
P. R. note liabilities combined
Commitments
—202
5-23
4
6-15
Eagle-Picher Lead Co. (quar.) ———
Eastern Utilities Associates
(quar.)
—
4,498
—
1
6-
20c
(quar.)_
Car
Stores,
+
27,165
95,426
+
+
48
29
6-
75c
(quar.)
+
165
+
228,153
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
demand
to
during week
7-*i'. \
Capital Accounts—
Capital paid In
181
9,157
Domestic banks
—124,105
+
+
4
5-19
5
6-
$3.50
—
Class
Borrowings
Total liabilities
17
Interbank deposits:
39.994
—
—269,861
34
+
7
7
6-20
2
7-
125c
preferred (quar.)
& Light, $6 preferred
Plastics
Durez
E
1,230
+
+
5-
5-
6-20
Corp
Motor
Ltd., 7%
211
+
27
6,528
U. S. Government deposits
16,939,353
Total deposits
+
64
39,147
8,298
deposits————+'•
5-15
5-23
5-23
5-
—_—„
Envelope
Dominion
'
-
deposits-adjusted
Demand
157,519
57
+
+
1
1
6-30
quar.)_:
(Chicago) (quar.)_
preferred
preferred
57o
Dominion
323
—
3,016
9,997
567
2,138
Other securities-
22,722,460
—
5-15
50c
Electric
A
Power
Common
4,677
—
Liabilities—
(initial
Distillers Corp.-Seagrams,
243
+
318
5-21
1
5-15
preferred
Diamond T
1,877
+
19
+ 104
—-
1
6-
15c
common-
Dayton Power & Light Co., 4V2%
Deisel-Wemmer-Gilbert Corp.—
—1,243
—128
22,782
U. S. bonds
Obligations guaranteed by U. S. Government
Pederal Reserve notes
series
Dallas
175
+
33
6-
6-
50c
convertible
$5
43
+
79
+
27
—
2
$3
Petroleum
7 7c
—
1,530
10,845
7,369
———
—
Treasury certificates of indebtedness
Treasury notes
6,800,974
+
-
5-31
7-
$1,121/2
participating
$5.25
431
604
384
1,047
105
1,378
obligations
Real estate loans
42,554
+
;+310,185
+
810
Other securities
17,523
+
40
purchasing or carrying:
Other loans for
23
—
7,065
41,437,195
Uncollected Items
Bank premises-.
3
—
84,371
banks
R. notes of other banks
7,470,642
+
5-18
2
(quar.)__
Crown-Zellerbach Corp. common
+
^—-
.5-15
5-31
75c
(irreg.)—
common
preferred
Creole
1,084
obligations
Other securities
Co.,
Cornell-Dubilier
and dealers lor pur¬
brokers
to
1
6-
7-
>
Telephone Co.—
131
—
chasing or carrying:
U. S. Government
Total U. S. Govt,
^fe34':
5,904
4
5-21
50c
preferred (quar.)
67c preferred (quar.
Copper Range Co
—_
1,060
+
+185
and agricultural
(s-ai„—_—
International Corp.,
Casualty Co.
7%
6,502
+
+ 118
57,176
11,316
+
120c
(s-a)—
Continental
$
loans
333,625
—
:
industrial,
Commercial,
2,379,271
175,914
$
5-28
175c
(interim)
Continental
1944
'+'($
•
Investments—total
Loans—total
+ 5,600,910
—
987,850
Notes
Assets—
7,257
1945
6-20
2
1—
Wines, Ltd.
Ice
$3.75
(—) Since
May 3,
Apr, 25,
1945
Loans and
26,500
+
*
—
+ 215,884
:
Decrease
May 2,
415,725
+
/ 208
—
Increase ( + ) or
—1,047.026
17,532
—
securities:
Certificates
9,255
(In millions of dollars)
23,595
—
30,848
—
551,449
4,212
Discounts and advances
•
358,134
+
3,407
+
—
18,426,538
Total reserves
U. S. Govt,
■
15c
25c
(quar.)
——
(quar.)
Confederation Amusements, Ltd.—
8% participating preferred (s-a>—
Congoleum-Nairn, Inc. (quar.)
Consol. Bakeries of Canada, Ltd, (quar.)—
Consolidated Coppermines Corp——_
Continental Assurance Co. (Chicago) (quar.)
Continental Can Co., common (interim)
$7
member banks follows:
—1,381,565
25,000
—
17,508,360
: 677,377
>
+62VaC
preferred
preferred
$6
of weekly reporting member banks in¬
$79,000,000.
A summary of the assets and liabilities of reporting
1944
1945
1945
,
Colonial
Borrowings
(—) Since
May 10,
May 2,
45c
5-15
6-
7-
;
Corp."
$3 Class A
Class A
creased
Increase (+) or Decrease
6-15
6-15
25c
75c
(quar.)
City)
Coca-Cola
increased in near¬
all districts, the principal increase being $119,000,000
in New York City.
thousands of dollars)
(In
5-10
5-25
.
Valve Manufacturing Co.—
7%
preferred (s-a)
Chestnut Hill RR. Co. (quar.)__
1
Chicago Rivet & Machine Co
City Ice & Fuel Co
Coast Counties Gas & Electric—
57c
1st preferred (quar.)—j—.
Coca-Cola Co., common (quar.)
Deposits credited to domestic banks
ly
9
,
t20c
1st issue pfd.—
Co., 67c
Light, 4y2% pfd.
Inc.,——.—
Illinois
Chateau-Gai
deposits
States Government
declined in all except two districts.
United
1
6-
Chapman
•Nominal rate.
District.
56-
2
—
(Kansas
Noncontrolled
Atlanta
5
5-15
7-
$1.25
,
Central Surety & Insurance
.658300*
.658300*
.542650*
.658300*
.542650*
.658300*
+:
.658300*
Controlled—
2
,——
2nd issue preferred—
Central
6-15
5-
6-29
15c
Central Paper Co.,
.905625
2
9
6-
Cl^tSS 23
.909090
1
6-
75-
.
37'/ac
Corp.
Dixie
Catawissa Railroad
5 7c
6-25'
i
$1
)quar.)_;
—
Canadian Food Products (quar.)
—
Canadian Foreign Investment Corp
Canadian Tire Corp., Ltd. (quar.)_
Carman & Co., Inc., $2 class A (quar.)——
.909090
.909090
.909090
6-15
$1
Bullock's Fund, Ltd.—————,
Burton
6-30
50c
———
—
Co.«—
Forge
5-15
$1.12 '/a
Wharf
Buffalo
.060602*
.051802*
—-
--.w
5-10
30c
50c
preferred (quar.)—————.
City Manufacturing Co. (quar.)_
Ground Rent Trust Co. (Boston,) (s-a)
preferred (quar.)
$5
.060602*
(quar.)__.
Inc., common
Stores,
6-
$1.50
—
$1.50
Co.———————-:—
Brach (E. J.) Sons (quar.)
Braniff Airways, Inc.—
British American Bank Note
——■
Brunswick-Balke-Collender Co., common—
.297733*
.297733*
.251247*
.
Co., common———
Tobacco
Bros.
.
preferred (quar.)
Boston
$
.297733*
.909090
.908125
.569800*
-
.569800*
Colombia, peso
5-19
Border
.060602*
.909090
.907890
5-19
1
Boston
Pree
Canada, dollar—
Official
6-.1
Ltd.
Co. of Canada,
Bros.,
4(6%
.051802*
.060602*
.051802*
Ofllcial
50c
Bond
May 10
May 9
+
3.228000
3.228C00
3.228000
3.228000
Australia, pound-
.
May 8
$
.251247*
$
.297733*
,
Official
•'+:
;
S '
.297733*
■.
Argentina, peso-
May 7
;May 5
.
6-30
6%
Value
Unit
J$3.50
Block
.
York
Rate for Cable Transfers In New
in United States Money
Buying
Noon
Country and Monetary
5-31
U2VaC
Ltd., 7'+ 2nd preferred
Bigelow-Sanford Carpet,' common (quar.)^—
6% preferred (quar.)
—
UNDER TARIFF ACT OF 1930
BY^FEDERAL ^RESERVE BANK TO ^TREASUBY
CERTIFIED
EXCHANGE RATES
FOREIGN
•
.
6-11
(quar.) —
Beatty
different countries of the
rate for cable transfers in the
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
of Rec.
2
7-
6-15
Barber-Ellis
the Federal Reserve Bank is now cer¬
of the Tariff Act of 1930
Payable
$1.75
preferred (quar.)
Hydro-Electric, 7%
Bangor
When
Share
Name of Company
7-
2
6-
$1.75
7-
2
6-
8
$1.50
6-15
6-
2
25c
6-15
6-
1
5-15
5-
8
$2.50
.
8
8
'
Volume
161
Number 4385
THE COMMERCIAL &
FINANCIAL CHRONICLE
Per
Name of Company
When
Share
.
Payable
of Rec.
6-
9
5-24
6-20
5-24
per
Name of
.
Mallory (P. R.i & Co., common
4 % 7c
preferred
.
Marconi Internat'l Marine
Ordinary
Marion
registered
20c
/
.
.—$ 3.265625
Master Electric
Co.
(final)
(quar.)
5 7c
—
Motor
Car
(quar.)
5-
6-
9
6-15
35c
6-11
6-
$1.75
6-30
6-20
25c
6-
2
Below
$2
Molybdenum Corp.
of
dends
25c
preferred (accum.)
*6-
Murphy (G. C.) Co.
Gummed
6-
8
National
Life
National
Transit
&
Nelson
New
(Herman)
Paper
American
30c
6-
75c
6-
1st
preferred
1st
preferred
B
Pharmaeal
Parker
Pen
preferred
2
6-22
9
6-
,
15c
6-11
8%■
5-15
37»/2C
——
:
6-
1
6-
1
1
5-23
$1.50
6-
1
5-19
15c
6-30
6-22
$1
6-1
5-15
$5c
(interim)
6-30
5-31
30c
6-1
6-
5-17
1
(s-ai—
$1.50
—
'V
7- 2
7'.«.
$1.75
Prentice-Hall
Co.,
Public
Pure
Investing
Electric
Oil
5%
Corp
8','r
(Pittsburgh!,
preferred
Republic
6'k
Steel
Corp.,
6%
—
prior preferred A
Rochester
57o
&
Aircraft
Royalite Oil
25c
Co..
Ltd.
Yards
iquar,)
6%'/<j
7%
preferred
preferred
preferred
8%
5-15
6-
8
2
6-
8
6-
1
7-
6-15
Sheller
iW.
Co.
2
6-11
8
8
17c
6-11
5-19
American
1
5-12
Mines,
Ltd.
Signal Oil & Gas,
Class B
.5-26
6-21
6-
5-25
5-15
5-25
Smith
(Howard)
6%
5-15
Class
6-15
5-17
American
7-28
6-30
50c
6-15
6-
1
$2
7 %
57c
(quar.)
Union
Gas
2nd
57*
*
preferred
Oil
Inc.
Co.
of
4Vt%
Extra
Furniture
6-
1
5-25
5-22
—__—_
$1.37 V2
6-
1
5-18
5.-31
7-14
6-30
$1.25
■:
$1.06 >4
Tennessee
Thomson
Toledo
7-14
6%
preferred
17c
preferred
Tyer Rubber Co.,
50c
6-
1
58 V:sC
pfd. (quar.)
Ltd., Class A—
Class B
United
.-a——
States
17
Gypsum Co.,
preferred
United Steel
United
Van
Dorn
Vulcan
Iron
(s-a)
A
Co.,
17c
preferred
7 7o
5-
■'W.
—
preferred ' (quar.)
6-
1
5-10
5-31
5-15
Bank
5-31
5-1.5
Bank
7-
2
6-15
7-
2
6-15
7
4.7f
Co.,
preferred
Wamsutta
Warren
Mills
_
___
.
S3
pfd. (quar.)_.
Manufacturing Co
&
B
Hydro-Electric
partic.
preferred
Western Auto Supply Co.
Western Utilities Corp., 6 7
Westgate-Greenland
Whitaker
Corp.,
(s-a)———.J—
cum.
Barcalo
6-21
50c
6-
6-
8
8
5-24
<.7-20
6-
Barnsdall
9-20
9-10
10-20
6-12
5-15
6-15
5-15
6-15
5-8
6-
Paper
Oil
(quar.)
(quar.)———
conv.
pfd. (quar.)
(monthly)——„
——
1
5-15
5-31
5-19
6-
5-21
1
6-
1
25c
6-
1
15c
5-15
lc
$1.25
67c
(W.
$1.60
6-
1
5-21
Mills
77c
6-15
5-31
6-
5-
1
&
Berkshire
Common
17$
6-15
6-
6-21
5-15
5-10
$5
6-19
Best
conv.
&
6-
5-15
1
1
6-1
Belt
(quar.)——.
(quar.)————-
$1.50
6-
1
37 %c
—.w——
$1.06 lA
$50c
$85c
5-15
$25c
p:
6-15
5-15
1
$$1.25
&
(quar.)
Colonial Stores,
5% preferred
1", ■
5-18
5-15
67o
7-2
6-20
Cumulative
Colorado
$3
7-
1
5-17
3
5-31
7- 3
5-31
2Cc
5-15
5-
$1
5-15
5-
6-
1
6-
1
5-15
1
37V2C
——
—
(initial)
5-19
6-15
5-19
6-
5-14
5-
$1.75
6-
1
$1.25
6-
1
5-22
5-15
5- 8
25c
5-15
6-
5-25
5-10
;15c
5-15
5-
8
20c
5-15
5-
5
6-15
6-
5-18
6-
7-14
1
1
1
6-
7
10-15
9-
6
5-25
5-
8
75c
6-14
5-19
$1.25
...
—
6-
1
5-15
$1.25
9-
1
8-15
$1.25
12-
1
11-15
$15c
5-15
$1.25
6-
(quar.).
1
5-11
75c
6-15
5-28
$1.25
*——
6-15
5-28
25c
—
Ltd.
6-
1
5-15
87 %c
6-
1
5-10
50c
(quar.)
com.
—
Inc.,
6-
25c
5-15
5-
25c
—
——
(s-a)
6-
1
5-
1
12-
1
11-
2
25c
$1.06%
1
5-15
5-10
5
4-19
common
6-30
6-12
25c
6-
1
5-18
$1.25
——
——
6-
1
5-18
31V4C
6-
1
5-19
62 %C
6-1
5-19
25c
5-28
5-10
75C
6-1
5-15
40c
6-
1
5-18
40c
6-
1
5-18
$1.50
5-15
4-20
$1.25
5-15
4-20
$1.25
—
preferred
(quar.)-—
—
Columbia Broadcasting System, Inc.—
Class A 4.—--.
B
_i—
———
—
———_
5-15
4-20
Columbia Gas & Electric Corp.—
preferred
A
(quar.)———
5% series (quar.)—
preferred
cumulative
oreference
Columbia Pictures Corp.—
$2.75 conv. preferred
Columbian Carbon
Co.
(quar.)
—
(quar.)
(quar.)——
68 %C
$1
5-15
6-
5-1
9
5-15
5-15
4-16
6-
1
5-15
75c
5-15
4-30
60C
5-15
5-
Commonwealth International Corp., Ltd.—
$4c
Commonwealth Telephone.
Compania
Swift
Concord
Gas.
$5 pfd. (quar,)
Internacional.
See
Swift,
77$
Conde
Nast
—
preferred
Publications
(accum.)_
(special).
$1.25
1
Confederation Life Assn. (Toronto)—
Quarterly
Quarterly
Conlaurum
6-25
Mines,
preferred
Ltd.
(s-a)
—
& Pwr., $2.40 pfd. (quar.)
(quar.)
—
9-29
9-25
$$1.50
Connecticut Light
$2,20
6-30
$$1.50
5-22
4
1
6-15
$$1.50
Spinning Associates(reduced)-^—1—
(quar.)——
6-15
Co.—
Fine
(quar.)_
5-17
25c
5-15
45c
1
50c
(quar.)
1
12'/2C
5-15
6-
Milling & Elevator Co.—
conv.
Class
$$1.75
5-31
$1.25
25c
(quar.) ————.i——Colorado Fuel & Iron Corp. (quar.)
1
$$1
—.—
1
30c
...
Corp., common
preferred (quar.)-
9
1
5-
6-11
15c
Aikman
conv.
6-
6-
5-15
7- 3
25c
Co.,
$4.25 preferred
6-
5-15
5- :1
5-30^
$1.50
Semi-annual
5-15
2
•7
4-16
1
25c
(quar.)——
Corp.—-
Coal
Plow
5-10
7-
1
6-28
6-
$1.50
guaranteed
5-18
6-
6-
$2c
$1.50
(quar.)
(quar.)
Machine Corp.
15c
6-6
.
50c
Co., Inc. (quar.)
Oil
preferred
5-
30c
$$1
*
(quar.)..
5 7c
—
„
6-25
20c
(accum.)
6-15
12-24
5-15
4-30
6-29
7-14
2
5-15
6-1
7-31
$$1.75
7-
6-1
$25c
1
6-29
1-2-46
6-1
$1
5-
$3.50
$1
*
1
7-31
$3.50
25c
8
6-
5-15
57c
5-15
4-30
1
$ 15c
$$1.25
5-11
Collins
5-15
6-
5-
25c
Colgate-Palmolive-Peet,
5-16
6-1
1
1
Special
5
$15c
—
5-15
6-
1
Cockshutt
6-1
5-15
1
$15c
—
...
Clinchfield
l
2
6-
1
5-10
2
7-
$25c
7
6-
5-15
7-
4-30
6-
1
6-
6-15
5-15.
1
6-
1
5-31
1
6-
$25c
....
6-
-
7-
6-15
$$1.25
$5c
—
6-
7c
:—
6-15
$37%c
-
Cleveland & Pittsburgh RR. Co.—
17c preferred regular gtd. (quar.).—_
1
5-15
1
$4c
Clearing
5-
5-25
1
7-
$1.50
57o
5-15
5-
6-20
6-
,25c
77c 2nd preferred (s-a)
17o 2nd preferred (s-a)
City Water Co. of Chattanooga—
57c preferred (quar.V
Clark Equipment Co., common
5-31
5-15
1
$20c
—
5-21
5-15
4-30
$$1.25
(quar.)
Y.
-4-30
—
6-15
10c
5-15.
5-15
4-30
5-18
5-31
5-15*
-4-30
...
Cab
1
7-
5-18
25c
6-
5-15
37V2C
(quar.)_
4-17
6-4
15c
z
_
—
Cotton
4-16
6-15
5-15
common
-
5-15
5-21
50c
(accum.)
Co
30c
common
2%%
37
6-13
1
5-18
2% 7c
(accum.)——
Co.
-
'4-30
37 %C
6-13
6-
1
5-15
37VaC
$1.75
6-11
6-
25C
—
—
75c
25c
—
Quarterly
Copper Co.——
Chrysler Corporation
Extra
5-11
——_
(quar.)
preferred
•Zv
City of New Castle Water, 67$ pfd. (quar.).
City of Paris Dry Goods Co.—
5-11
6-1
$$1
Co., Inc., new
1
—
preferred (quar.).——
Circle Bar
Knitting, Ltd. (quar)
6-11
10c
37V2C
preferred
6-
8
62 %c
(quar.)
57c
4
Co., common (initial)
preferred (initial)—
5-17
(increased)
com.
$2
Howell
41/27«
3
6-15
^
—
/vv 5 70 preferred (quar.)
7
5-
(quar.)—
iquar.)
common
5-
preference—__
Cincinnati New Orl, & Texas Pac.
Ry.
57c preferred (quar.)
5
Belding Hemingway Co. (quar.)—______—
Bell
Aircraft Corp
7-
2
1
Ltd.—
Ltd.,
3
1
.—w''
——
Chile
5-15
(quar.)—
preferred
7
4-14
6-
——
Belding Corticelli,
4
5-
6-
Corporation '(quar.)/ 7
Chesapeake Corp. of Virginia
Chicago South Shore & South Bend RR.—
5-11
Manufacturing Co
5-
5
5-15
6-
(quar.)
A
5-
1
$1.75
Charis
4-28
1
6-1
(quar.)
& Sons,
5-15
5
6-
./interim
preferred
Chain
5-12
5-15
6-
6-20
iquar.i_._
participating
Beaunit
Belden
D.)
1
6-
*
Century Ribbon Mills, Inc.
5-21
$1.75
(irregular)——
Manufacturing Co.—
Co.
6-
10c
$6 preferred
(accum.)
Central Ohio Light & Power Co.—
$6 preferred (quar,).
6-23
9
37 (4c
—
Beath
Bell
$20c
6
6-
-
10-10
7
50c
(quar.)——_
7-
pfd. (s-a)--
Bathurst Power & Paper Co., Ltd.—
Class A common (quar.)
7-10
•
Oil
Co.
5-15
Central Foundry Co., 57c
preferred (quar.).
Central Illinois Public Service Co.—•
6-23
25c
f,; Bath Iron Works Corp.--
9
7-20
$5c
6
$1.50
Manufacturing Co.
H.)
Barlow & Seelig
$1.20 class A
Ltd.—
——:——
7-
$1
•
Shippers Insurance Co. of N. Y.
4-16
V 12 %c
5-11
20c
—
(quar.)__
(W.
5-10
$1
5-10
1
$1.50
(quar.)
Barber
5-21
1
75c
7:'
1
6-
25c
————
Canadian
Class
80c
iquar.)
Corp.,
Toronto
6-
40c
6-
75c
Montreal
of
1
Telephone, 6% pfd. (riuar.)
Caterpillar Tractor
5-10
$15c
^—
(monthly)
6-11
$1.75
—
1
10c
5-11
$1.75
(quar.)
(quar.)
(Northami
Wentworth
West
common
of
Bankers
•
-
Walgreen
6-
r-—
preferred
6-
Ltd.—
(accum.)
4
75c
common—
1st
5-12
5-
(qUar.)
...
75c
1
15c
Canadian Wirebound
Boxes, Ltd.—
$1,50 preferred
6-31
5-15
1
(irregular)
Ltd., common (quar.)
5-31
2
Monthly
—7c
Balfour Building, Inc., com. vtc. (Increased)
$1.25
Baltimore Radio Show, Inc., common
5c
67o
preferred iquar.)
15c
6-14
$1.50
.
—^
5-
7-
5
5-22
6-
Canadian Marconi Co.
Canadian Oil Cos.,
1
6-15
25c
_______
Corp.
Avondale Mills
4
$1.50
tquar.)
50c
Aviation
4
5-
62 %C
;
6-
1
I2V2C
Co.
25c
(quar.)
4-20
7-
5-31
4-*
10c
(quar.)
6%
50c
common
5-15
50c
(quar.);
——
$75c
(quar.)
Common
5-15
6-30
50c
—
A
6v
5-25
6-
—
5.-15
$0,843
1
4
1
12 %c
Class B
(interim).
Canadian Industries,
Ltd., class A (quar.)
Class B
(quar.)—.
T/o preferred (quar.)
Canadian International Investment
Trust,
Ltd., 57c preferred (accum.y
Canadiarr Malartic Gold
Mines, Ltd. (s-a)
5-15
5-
6-15
Corp. (quar.)
40c
Mines, Ltd
—$5c
Aunor
$50c
—.
1
—-
preferred
$50c
—
A
Autocar Co., 57c series A preferred
Automatic Products Corp. (quar.)
5-19
5-15
$1.12%
(quar.)
Co
Works
Detinning
pfd.
7
50C
$1.75
Ltd.. .6 7
Rubber
Upson Company
Virginian Railway
1
7
50c
(quav.i
Corp.,
States
common
6-
6-
$1.50
..
6-
7.
3
6-
2c
—....
20c
(interim)
Dry Goods Corp.,
preferred (quar.)
Atlas Corp,,
5-19
United Air Bines, Inc., 4%4
United Amusement Corp.,
6- 5
75c
(s-a)
Atlas Tack
5-19
'
6-15
7-
5-15
$1.25
(quar.)
Canadian Industrial Alcohol—
5
50c,*.- 5-15
Atlantic Coast Line RR. Co. com. (increased)
Atlantic Refining Co.
(quar.)
5-14
1
...a
5-24
5-
50c
(quar.)
convertible preferred (quar.)
Metal Works, Inc, (quar.)
5-
1
——
5-18
5-21
—
5-11
6-29
....—;
1
6-15
5-15
4-14
5-19
6-
(s-a)
6-
5-21
5-21
5-28
5-
5-25
——
Canada Malting
Co., Ltd, (quar.)..
;
Canadian Bakeries, Ltd., 57
pfd. (quar.) —
Canadian Breweries, $3.40 conv.
pref. (quar,)
Canadian Fairbanks-Morse
5-18
6-1
67c
5-11
5-18
$1.12%
Power',
A
preferred
5-15
6-15
;,v
(s-a)
Dry Ginger Ale,
$4.25 preferred (quar.)
(quar.)
50c
(s-a)——-—25c
——4—
5-15
6-15
1
6-15
Canada & Dominion Sugar
Co., Ltd. (interim)
Chickasha
7 7c
6-
common
1
1
—
Atchison Tcpeka & Santa Fe
Ry.
Atlantic Coast Line Co
5-21
6-
5-15
Canada Cement
Co., Ltd.—
7-1
6-
Co., common
Associated
1
5-15
25c
Mills_r——
Canada
5-14
$5c
Astor
25c
67
preferred (quar.)
Underwood Corporation
5-31
6-
75c
class
5-17
41 %c
(monthly)
6-12
30c
Corp.,
4
1
115c
:
preferred
6-20
Atlas Powder
(monthly):
6V27o
67c
5-25
(interim)
6-30
(monthly)——
pfd.
5-15
10c
5-17
25c
57
5-15
1
75c
5-31
(irregular)——
Welding
Co.,
1
6-
6-30
(s-a)
Financial
5-
6-
6-15
—
(quar,)
(Holding)
67c- preferred B
California Water &
all arrears.
5-31
35c
Corp.
Electric
Edison
6-
9
$1.25
10c
(accum.)...
5-15
10c
(quar.)
%C
25c
preferred
5-29
9- 5
^
Artloom Corp.
Telephone Bond & Share Co.—
1st
5-
6-30
6-
12-15
-
25C
—
——_
17c
Y.)
I2V2C
Sun-Kraft. Inc., 50c class A iquar.)
Sunray Oil Corp.
Sylvania Industrial Corp. (quar.)—
5-15
50c
Sanitary—
(N.
12 Vac
12
4
5-31
$1.25
-
Electric
6-20
Art
6-
20C
^
47c
^ 5-11
6-15
5-15
3
Concen¬
California Packing Corp., common
57o
preferred
(quar.)
California Water Service Co.—
5-18
$2.25
common
4-19
1
7-
quar.)—:
dep. rets, for 5V27o
5-10
preferred
5-21
6-
50c
&
>
5-25
4-19
50c
preferred
Cotton
4-13
$10c
-
preference
6-30
67c
1
6-11
5-21
12 %c
(quar.)
l'7o
M.)
6-30
-
6-
$50c
—
Mining
(quar.)
Wireless
California
5-22
6-
8
62 %c
(quar.)
5Y2%
5-18
6-11
6-
1
6-
2
(quar.)
Arner.
0-15
common—
Mills
Armstrong Cork,
5-22
40c
25c
—
6-11
12-15
Arkansas-Missouri Power Corp., common
5-10
1
1
(quar.)
7-2
&
$1
Extra
5-15
6-
—
Corp.
: Byers ■:
(A.
6-11
1
1
6-20
7-
$1.75
(quar.)
(initial
preferred
Archer-Daniels-Midland Co.
5-19
5-15
1
5-25
———
6-11
7-2
?
5-
$3.50
(quar.)
Sullivan
preferred
Cable
1
5-15
v
$ 25c
Byron Jackson Co.
6-11
4-30
5-15
50c
;
(quar.)
Burroughs Adding Machine Co
Butler Brothers, common
(quar.)
$3
Cotton
Ltd.
...
preferred
6-
—
57o
5-15
5-25
68 %c
(quar.)„
&
Quarterly
Chicago Yellow
6%
$2
——
2
$1,75
(initial).
Telephone
Arcade
6-
10c
....
7-
$1.75
(s-a)
Oil
Hill
4V2 7»
—$1.75
—
(s-a)
5-19
$1.37%
—
common—
iquar,)..,
preferred (quar.)
preferred
Inc.
Butler Water,
35c
-
(s-a)
Anglo-Canadian
Inc.
Co.
common
75c
(accum.)
common
preferred
5-19
:
5-31
37>/2C
—.
(quar.)
(s-a)
preferred
Storkline
67c
4
(quar.)—.
—
Ohio,
5-31
$1.75
—...
Products,
5-31
31V4C
Co
4-19*
1
5-21
50c
—
50c
Co.,
Ltd.
Falls
Argo Oil Corp,
50c
—
5-15
New
Smelting Co.—
pfd.
Ampco Metal, Inc.,
6-30
5-
$1.50
—
4-30
5-10
$1.75
Anglo-Canadian
—
5-15
5-20
6-
16c
(quar.)
trating Co. (quar.)__.
Burlington Mills Corp.—
Class
common
&
Bunker
1
50c
above payment clears
$4.50
Co.—
(quar.)
Spear & Co.. $5.50 ist preferred
$5.50
7-20
5-15
...
4-30
3c
—
Lead
prior
Bullock's
15o
i
-
(bi-monthly)
Co.,
40c
Co.
25c
Co.,
Mills,
Silk
Hills
62'/ac
(quar.)
Zinc
Amoskeag Co.,
Inc.—
Co.,
—
Spartan Mills
Sport
6-30
$2
&
(quar.k
Water
preferred
Standard
7-30
$$1.50
Bag
California
preferred
Southern
$25c
(quar.)
preferred
6 7c
6-
B
conv.
The
5-21
common
Paper
(quar.)._.._—
preferred
Southern
6-15
6-15
,
Advance
preferred
67c
50c
50c
(quar,
Mill
Southern
$5
1
—
(increased)
Paper Mills,
preferred
Soule
Co.
Steel
6-
$1.50
pfd. (s-a)—
10c
.
&
7 5-19
12Vic
(quar.i
Tobacco
5-17
4-30
Mills
California
pfd. (accum.)
Foundries iquar.)
American Thread Co., Inc., 5%
$30c
—
Saw
1
6-
5-15
—
Railways Corp.
American
1
—
6-15
$1.371/a
American Steel
1
—
Simonds
1
of
(participating)
50c
...
6-
(accum.)
American Smelting & Refining
Co., common-
25c
iquar.).
class A
1936
share
Co.____
Re-Insurance Co.
American Rolling
Mill
Co.
American Safety Razor
American Service, $3 pfd.
5-26
JL.222
(interim)
2
$1.75
Socket
American
4-25
5-26
——
7-
5-15
'
1
preferred
4-30
6-
5-26
(increased)——
Manufacturing Corp.
Sigma
of
of
Common
5-
1.146
(quar.)—,
series
-
5-
0.993
—
G.)
Pen
A.)
4
$30c
$1.50
preferred (quer.)
7%
preferred (quar.)a—
American Radiator & Standard
5-15
1.069
...
(Frank
Sheaffer
5-
68 %c
7 7$
5-15
6-
5-15
20c
Buckeye Pipe Line Co.__
Building Products, Ltd. (quar.)
Budd (Edward G.)
Mfg. Co., $5 preferred—_
Buell Die & Machine
(quar.)
L
(accum.)
American Paper Goods—
l'/o
preferred (quar.)
6-11
25c
Shattuck
1928
stock
Co.
5-10
—
Oil
Shoe
Bruck
Buck
5-11
1
share
a
American Meter Co.
6-11
7-
$50c
pfd..
9
5
75c
(accum.)
American News
1
2
7-
—.—-
........
6-
7-2
•,
———
.-
7 % 7c
6-
preferred (quar.)
75c
Products Corp. (monthly)
20c
American Manufacturing
Co., 5% preferred$1.25
American Metal Co.,
Ltd., common——
25c
57$ preferred (quar*).——
—$1.50
5-14
7-2
30c
Savannah Electric & Power
Co.,
1/16 of
convertible
25c
—
(s-a)r_..i_.——
Paul Union Stock
57c
$5
....
series of
preferred
$1
:
Corp..
1
6-15
$1.50
com,
5-19
6-
-
^
&
1
$1.75
preferred
Brooklyn Edison Co., Inc.
6-15
American Home
6-15
6-
6-15
$1.50
(irreg.).
5-18
6-30
10c
(quar.)
Pittsburgh Coal,
preferred
Rohr
6c
2%c
—
5-
7-2
_
$1.25
common——.
7
5-15
4c
preferred (quar.)___
American Hide & Leather—
5-18
25c
iquar.)
Brown
25c
Co., Inc. (quar.)
General. Corp., common
(quar.)_____
prelerred (quar.)
$2
6-15
$1.50
(accum.)
;
(quar.)
1
$1.50
common
iquar.)
preferred
1
6-
Brookside
7
20c
$2.50
6-
5
5-
6-
_
American Furniture
5-15
1
7-14
7.
pfd.
preferred
$3
75c
;
6%
B
American Forging
5-22
$5c
(irreg.)_—
common
5-21
6-
,70c
——
preferred (quar.)
preferred, (quar.)._—
67c
Rand's
St.
(quar.)——.—iquar.i
Light Co.
Co.,
1
6-15
■
30c
—
.common
$3 preferred (quar.)
Preston East Dome Mines
Prudential
J 25c
—
Potash Co. of America
6-11
6-
$7
5-21
2
6-
5-15
15c
Co. (St. Louis)
V«th
class B stocks
American & Foreign Power, $6
5-15
6-15
7-
,
American
preferred
iquar.%
a_—
Development,. Ltd."(interim).
1
6-
$2
75c 4
—
6-15
$$2
(quar.)___
$2.75 class A opt. div.
Payable in cash or
5-17
7-16
$1
;
class
5-14
6-
$10c
1
$1.50
Ltd
opt, div.
or
1
6-11
75c
$$1
British-American
5-
$2.75 class A opt. div, series of 1936 (accum.)
Payable in cash or 1/I6th of a share
of
———
A
17o
Bristol-Myers Co.
5-15
10c
class
conv.
5-
Extra
1
15c
....
Payable in cash
/ /class B stock
7"
Pittsburgh & Lake Erie RR. (reduced)——
Pittsburgh Plate Glass.
Pittsburgh Youngsto.wn & Ashtabula—
Placer
Co.
$3
5-15
10%
Shares, Inc.
American Can Co. (quar,).__^
American Cities Power St Light
Corp.—
5-21
6-
4-30
1
25c
in U. S. funds
Insur.
Line
5-15
(interim)—
Corp.,
40c
__a—:
Automobile
Extra
6-
6-
American Business
5-21
35c
25c
(quar.)_——1-———.■
preferred
Co
1
75c
(Sidney) & Co. (quar.)
C.) Co., Inc.—
preferred (accum.)
Co.
$1.25
<quar.)___i_
Barge
5-22
5-25
6-15
25c
common
(quar.), pay,
American
5-19
50c
(increased quar.)
Ltd.,
preferred
5-
—
American
6-1
5-31
25c
Cement.,.
American Arch
7
4-30
y
Portland
1
5-15
'
$30c
(irreg.)
1
6-
12%c
Brewing Corp. of America
(quar.)———r_„
Brewers & Distillers of
Vancouver, Ltd
4
15c
$16-9
Inc.
7
6-15
Interim
6-15
5-
56-
$1.50
Brazilian Traction Light & Power
Co., Ltd.—
4-30
6-30
5-15
Inc
Amalgamated Electric Corp.,
Pittsburgh Bessemer, & Lake Erie RR.—
.
•'
i__:
Laboratories,
67o
5-15
20c
1
2
(H.
1st
Brandon
of Rec.
6-
7-
(quar.)
Bourjois, Inc., $2.75 preferred (quar.)—:
Bower Roller Bearing
Holders
of Rec.
$1.50
pfd. (quar.)_—
conv.
Boston Fund Inc. (quar.)
Boston Woven Hose & Rubber
10c
Co
Aluminium,
2
Payable
35c
•
dividend
When
Share
Products
Mills,
Alpha
6-22
2
(quar.)—:
Co.-r-
preferred
1
7-
:
30c
$4
6-
6-
Co.„.
Gold Mines
6-11
7-
.
Common
Allied
Allied
$1.25
Peabody Coal Co., 6
prefer red (accum.u_
Permutit Company
.'
Philadelphia Suburban Transports Co. (quar.)
Pickle Crow
5-14
5-26
$$12.50
—
(s-a)_-
Pillsbury Mills
5
$1.50
.
7 r/c
Kid
Stock
6-
$1.50
j.-_
(liquidating)—
(Wisconsin)—
iquar.)
Proof Co., common—
Patterson-Sargent Co.
Allied
7-16
30c
Co.
Parker Rust
5-31
25c
(quar.)
Northern States Power Co.
5% preferred (quar.)
Norwich
5-19
SI
(quar.)——
Power
1
50c
—
(irreg.)__
$6
Ontario
8
6-11
6-
-
Aetna Standard
Engineering..^
Agnew-Surpass Shoe Stores, Ltd., common
Albany & Vermont RR. Co. ^irregular)
Alexander & Baldwin, Ltd..
5-15
40c
$6
Northern
5-21
5-
6-11
f;
Manufacturing Co. (quar.)
Supply Manufacturing, class B
Aeronautical
Co.,.
,
Car
Pennsylvania RR.
1
5-15
■'
"
Co
Adams
Aero
5-22
$1
Corp., common (quar.)
A (quar.)
North
9
1
20c
(quar.)__
;
Co.
4-30
Wire
_■
(reduced)
RR.
6-
Name of Company '
:
Acme
Holders
15c
Corp., $3
Bohack
When
Payable
$1.75
Co.
Blue Ridge
Blumenthal
Miscellaneous Companies
Per
'*;■
5-31
6-15
,
Share
common—
(quar.)
Blaw-Knox
4
5-21
5rl5
$2
$1.50
(quar.)
Insurance
1
6-15
Corp.,
preferred
l'/o
Industrial and
1
6-
Steel
Birmingham Water Works, 67o pfd.
(Phila.), common (quar.)
$3 preferred (quar.)-^--—--.——
week, these being given in the
■
Corp._i
York Central
North
this
6-14
6-
$31V4C
13 %c
Cq.
;
6-30
50c
(Del.)
Accident
6-18
5-24
5-24
6-15
J,
12 Vac
(quar.)_____
Coated
Corp.
6-29
77o
Borden
•
25c
.
(quar.)————
&
Contain;r
5-25
5-21
8
25c
(J. P.) & Co. Incorporated--——
Morrison Cafeterias
Consolidated, Inc. (irreg.)
Motor Wheel Corp.
(quar.)
National
announced
5-12
6-1
$1.18%
Morgan
Nashau
3
Bethlehem
give the dividends announced in
previous
not yet paid.
The list does not include divi¬
preceding table.
America
Monarch Machine Tool Co.
Montreal Loan & Mortgage
7-
15c
Name of Company
5-31
"
4%7$ preferred (quar.)
Michigan Seamless Tube-Michigan Steel Tube Products
Oil. Corp.,
$5c
Per
of Rec.
6-11
we
weeks and
1
Michigan Consolidated Gas Co.—
Midland
Payable
20c
Blauner's
5-19
6-30
.
Share
Company
(quar.)
Holders
1
50c
'
Products
When
Wright-Hargreaves Mines, Ltd
Youngstown Steel Car Corp.__
5-15
6
5-11
35c
i™__.
„
6-
$1.50
-
.
Merchants & Miners Transports Co.
(quar.)
Metal & Thermite Co., common
(quar.)—
17a preferred (quar.)
/
Meteor
Willson
Commun. Co., Ltd.
Manufacturing '(quar.)
2149
Holders
12-31
12-24
$4c
6-28
6-
8
60c
6-
1
5-
5
553
6-
1
5-
5
x
r
Monday, May 14, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2150"
ftftftft-'
Same of Company
v.
Share
56'Ac
pfd. (quar.U.
$1.50
Biscuit Co. (quar.j
:
ftft 15c
Edisoii Co. of New York, Inc.—
40c
Laundries Corp
25c
Natural Gas (s-a) —
—
50c
(quar.
Connecticut River Power, 6%
Consolidated
Consolidated
Consolidated
Consolidated
Extra1'
....|
"
.n'.i'-i'ir in; .'ft'-
Paper
Consolidated
ftftft; 25c
Co. (quar.)
Corp., Ltd.
Inc.
Coty,
;
5%
20c
$1
25c
75c
117c
1$1.75
30c
(quar.)„
(quar.)—
common
preferred
conv.
25c
$1.25
12'Ac
—
.___
Inc. (quar.)———
Crompton & Knowles Loom Works—
Creameries of America,
$1.50
preferred (quar.);
Cork & Seal Co., Inc.—
6%
Crown
56'Ac
$2.23 preferred (quar.)
Cork & Seal Co., Ltd. (quar.)_,
Crown Drug Co., 7% conv. preferred (quar.)Crows Nest Pass Coal (interim)
Crum & Forster, 8% preferred (quar.)——
Crum & Forster Insurance Shares Corp.—
150c
Crown
433Ac
$$1.50
$2
$1.75
12'/2c
preferred (quar.)——.———
Culver <fe Port Clinton RR. Co., com. (s-a).
7%
(s-a)
Extra
12'Ac
$1.12'A
40c
75c
$1.75
25c
_
4'A% preferred (quar.)—
Curtis Manufacturing Co. (Mo.)
...
•Curtis Publishing Co., $4 prior pfd. (quar.)
•Oushman's Sons. Inc., 7% preferred (quar.)
Davison Chemical Corp. (quar.).——
_
Decker, (Alfred) Ate Cohiv (quar.)25c
Quarterly;.
:
._'
—.
25c
*
Inc.,
Press
Cuneo
Oil
Rock
—
(quar.)
(N. Y.)
—
5%
Match Co.
(s-a)
Dictaphone Corp. 8% pfd. (quar.)
Dixie Cup, $2.50 class A (quar.)—
Dodge Manufacturing Corp. (quar.)—
(quar,)——.
preferred
5%
Bridge Co., Ltd.
Dracket
ft.
ft
^
sh. for each 50 held)
(quar.)
__
5%
6-29
6-14
5-15
4-28
5-
1
6-
5-22
56-
1
6-15
6-
1
6-30
6-
9
Manufacturing Co.
Elgin National Watch Co
El Paso Natural Gas Co., common
5-31*
4-17
5-15
5- 5
6-
5-
2
8
6-19
6-30
5-31
5-15
8-15
8-
6
11- 5
11-15
1
6-15
6-
5%
5%
5%
5-31
5-10
Graton
:
com.
Fairbanks,
Co.
'
?
Morse
&
1
6-
6-
1
5-15
.
2
5'A%
5-10
Griggs,
5-28
6-
1
2
7-
$5
$5
_
(quar.);
Farmers & Traders Life Insurance
*
*N.
Y.)
(quar.)—
A—-
Bake Shops,
Federal
5%
Federal
common.
(s-a)
preferred
Electric
$1.50
;
class A
_
ft
(quar.)___
1
Hajoca Corp.,
10-
1
10-
1
5-12
Hallicrafters
4-23
Hallnor
6-
5-31
-
Federal
Mogul
Extra
5-
5-15 A
8-
Screw
Fenton
7%
6-
7-1
Ferro
Fire
Enamel
of
•
ing April
Common
1
5-29
2
6-
9
5-15
5-
7
7-30
6-30
6-
7-
Flshman
(M.
Co..
6-1
5-15
5-25
■?': 4-30
8-
1
8-
1
6-30
6-
1
5-
$4
Co.,
6-
1
5-21
5-15
5-15
5-10
5-
5-15
5
5-11
1
Class B
4%
_
(quar.)
6-18
6-30
5-2Q.,
Common
5-10
6-1
5-14
5-25
'
—
..
8
6-15
5-18
5-15
-1
5-16
1
5-21
6
6-12
6-
1
5-16
$1
class
6-
1
5-18*
$1
7-14
6-29*
$1
7-14
1
Home
5-15
4-30
7-
2
6-14
$4.25
7-
2
6-14
Hoover
7-
2
6-14
6-
1
5-15
;
1
5-17
1
8-17
12-
1
11-16
6-
1
5-15
5-15
6-13
6-
1
5-12
6-
1
5-12
Horn
6-
1
5-15
Houston
10-
1
9-17
Houston
5-29
5-15
Howard
6-30
6-15
Hudson
9-29
9-15
Hudson
Motor
12-20
12-15
Humble
Oil
Participating
Hunt
7-
2
6-16
10-
1
9-15
6%
2ft
1
5-15
25c ft
1
6-
6-
1
5-14
6-
1
5-14 ft
5-25
5-15
15c
ft;
6-29
6-19
15c
7-27
6-
30C
1
6-
5
5
'/2C;
6-
1
25c
9-
1
■
5-21
1
12-
3
5-15
40c
5ft
6-20
Water,
Belt
8%
45c
6-
1
1
5-15
1
5-12
9
5-19
1
5-10
2
6-
8
6-11
5-11
1
5-17
5-12
6-11
8%
(initial)-—
Lunkenheimer Co., 6'/2% preferred (quar.)..
6'/2% preferred (quar.)
6V2% preferred (quar.)
——————
Lumbermen's Insurance Co. (Phila.)
(s-a) —
Lunkenheimer Co., common (irregular) —
Lynch Corp. (quar.)
——A_——•—
Lynchburg & Abingdon Telegraph Co. (s-a).
1
Garden Corp
——
Madsen Red Lake Gold Mines, Ltd..
Masonite
4'/2% preferred (quar.)
—
Massachusetts Bonding & Insurance (quar.)
7-15
7-10
6-20
6-
6-30
4-18
5
5%
preferred
conv.
Illinois
6-30
4-18
5-15
4-16
5-15
4-16
6-
1
5-15
6-
1
5-15
5-19
Maxson
4-25
6-
1
5-11
Steel
7-21
4-20
$10c
6-30
5-15
Products,
conv.
6'A%
1
5-19
Ingersoll-Rand Co.
6-
1
5-20
Inland
17'Ac
17'Ac
$25c
15c
9-
1
8-20
12-.1
6-11
5-28
$1
6-15
G-
$1
5-15
5-1
$25c
J 25c
6-16
5-26
International
6-16
5-26
Interstate Air & Engineering
5
Int'l. Business Machines Corp.
International
5-10
Mclntyre Porcupine
Mead Corp.,
6-
9
6-
9-10
International
International Silver
1
9-1
5-
1
7
6-
$1
6-
1
5-15
tc
i-i
4-30
$1.75 ft.'.
Co.
Utilities
25c
$1
(quar.")—.
Corp.,
(resumed)
A
1*
5-
1*
5-1*
6-
5-
6-
66-
5-22
9
5-
1
6-1
1
'•
9-21
10-
1-2-46
12-22
5-31
5-21
6-30
6-20
6-11
5-18
6-
1
5-12
10c
6-
1
5-4
$1.50
6-
1
5-17
5-
1
50c
5-15
5-15
5-
1
88c
6-13
.5-
1
$1.62'/2
7- 2
$5.50
$6
5
5-15
5-17
preferred B
:
1
9-21
$1.62 V2
1-2-46
12-22
$i:75
5-15
4-20
35c
5-15
5-
50c
5-15
5-
7-
6-15
preferred
&
Frank
0;
$3
(quar.)_—
preferred
6%
preferred
—
25c
preferred
1
5-15
5%
1st
1
5-15
5%
1st preferred
5-15
5-15
5-12
5-28
6-28
ft
2
5-15
6-
1
1
.,-5-11
6-10
5-15
1
5-15
6-
6-
$1.12'/2
5-15
87 '/2c
5-
3
6-
1
5-19
6-
1
5-18
42'/2c
6-
2
5-15
9334c
6-
1
5-15
6-
1
5-21
5-15
5-
5-31
5-29
8-31
8-30
11-30
11-28
43 3/< c
-
3
433/4C
6-12
6-
1
6-
1
5-
1
15c
6-
8
5-18
$1.37'/2
6-
1
5-15
$1.50
—
(quar.).:—:
6-
155 '/2c
t
1
5-15
37 '/2C
5-15
4-30
62V2c
7-
2
6-15
—
5-15
(quar.)
5-
1
6- 5
15c
6-
1
1
—
of California—
(quar.)
(quar.)
6-
5-25
25c
14c
:
5-
_______——_
—
.
(quar.)__
(quar.)
'
;•:
30C
9-
30c
25c
"ft* 25c
*
5
9-
12-
30c
preferred (quar.)—
5% 1st preferred (quar.)—
6-
5
6-15
20c
6%
25C
5
'/4C
433/4C
Mines (quar.)
Mercantile Acceptance Corp.
6%
2
20c
(s-a)
Co.
10-
$1.62'/2
——
pfd.
preferred A (quar.),
____
Telephone, common (quar.)
5%
6-21
35c
Meadville
Meier
■
1*
6-22
7-
$2
(increased)
common—
37'/2c
common
5-
66-
25c
(quar.)
5-10
$1.50
(quar.)
Harvester, 7% pfd. (quar.)
Products Corp.A
__A1_—
ft; 6-
A
preferred (quar.)
Publishing Co
1
50c
Shares
5-15
Aviation
125c
McGraw-Hill
1
$1.62'/2
ft
Co,
11-20
5^1
preferred
7%
6-
Institutional Securities, Ltd.—•
Steel
(quar.)
McBryde Sugar Co., Ltd
McClatchv Newspapers, 7%
6-
ft $1.50
6-
5-15
25c
Co.. com. (initial) __
(initial quar.)
—
McEwan Kaiser Co.
30c
$1.62'/2
(accum.)
7-14
6-
Co.
12 '/2c
common
preferred
preferred
May
(W. L.)
preferred
$3.75
7%
...
(quar.)
Industrial Silica Corp.. 6'A% pfd. (accum.).
6%
1
5-21
5%
:
5-15'
20c
—
May Department Stores
5-il
Imperial Tobacco Co. of Canada, Ltd.—
•ft 6- 5
6-1
10c
1
5-
*6-21
ft
30c
1
ft
5
•6-15
8-
Agricultural Co
5-21
25c
Interim
common
6-
Ltd.—
Chemical Industrial,
Ordinary shares (final)
Corp.,
37 '/2c
(accum.)
5
5-
7-2
25c
(quar.)
Co.
Shirt
62'/2C
Co
Zinc
5
Maui
6-
5-
6-1
50c
$1.12'/2
M
6-20
ft
50c
$1.62'/2
Madison Square
&
M
&
9-20
40C
10-26
25c
5-11
J
12-20
37»/2c
7-26
11- I
Nashville RR., new
9-29
ft;
;
1
12c
12-30
—
6- 1
5-10
ft 5-21
:
$1.25
(quar.)__
5-10
—
$1.25
pfd.
1
8- 1
Co
$1.25
conv.
6-
75c
15c
(monthly)
preferred
Co.,: 5%
5-
$2
preferred (quar.)
Power
1
$1
5%
Illinois
5- 1
6-
$1
5%
5-15
5-26
5-15
...
5%
1
4-23
6-11
6-
$2
5-15*
6-
5-11
5-14
75c
jquar.)..
preferred
R-11
5-31
■4-16
1
50c
'
6-
9
5-15
12c
125c
8-15
6-
ft 7-14
$1.75
common
Huttig Sash & Door Co.—
5-31
1
15c
5
9
5
1
8-
30c
5-
6-
5-
5-28
6-
25c
50c
5-11
6-30
6-15
25c
5-15
(quar.)
Hydraulic Press Manufacturing Co.—
6% cum, conv. preferred (quar.)__
Idaho Power Co., common (quar.)
9
7- 2
v
25c
5-15
5-
9
5-
6-15
69c '
—
1
5-15
5-
7- 2
30c
Star Gas
Manhattan
(quar.)
1
50c
Huston
preferred
1
6-
)
9
1
5-.1
6-
62'/2c
6-
25c
1
6-
10c
6-30
(quar.)__
5-21
25c
6%
Peanuts
5-15
5-31
120c
9
(Tom)
5-15
$1.12'/2
6-1
6-
5-10
6-11
$1
Consolidated (s-a) A..___—
Mackintosh-Hemphill Co. (quar.)—
—
Macmillan Co., common (quar.).
—
6-
5-14
—
Louisville &
6-15
6-
7-
$1.50
6-11
30c
6-
(quar.)—..
5-14
2
7-
t$4
6-30
preferred
5-28
5-15
6-30
15c. ft.
6-1
$1
25c
5-15
6-1
$1.75
-
25c
125c
Long-Bell Lumber Co. (Mo.)
——
Lord & Taylor, 6% 1st preferred (quar.)
Louisiana Ice & Electric Co. (s-a)__—
—
M
7% preferred (quar.)
11- 5
(monthly)
Common
5-15
6-
37'/2C
8- 4
11-15
—
Long Bell Lumber Co. (Md.)—
$4 Class A common (accum.)
6-
5
8-15
—
preferied (quar.)
preferred (quar.)—
8%
Common
4-28
6-
5-18
5-
5-15
„
(quar.)
B
1
5-15
10c
1
U2'/2c
8
1
$50c
5-18
6-
—
A-—:
Co.,
6-
5-15
$1.31 Va
6-21
1
(quar.).—
Lock Joint Pipe Co.,
4
6-
•
6-4
6-
112'/2c
15c
90c
4-30
25c
preferred (quar.).—
Lone
$2.25
1
7- 2
:
Ltd.; (quar.)
4-28
6-
6-
6-15
25c
;—
6-20
3c
5-15
———
5-15
I
5- 9
25c
6-30
6-
9
5„
$5C
(quar.)
50c
8%c
1
6-11
10c
$1.12 Va
$1.50
1
6-
A
7%
Water,
6-
6-28
6-
20c
(quar.)
B
Class
4-10
5-29
35c
1
10c
Extra
11-21
$15c
7-
1
5-
5-10
5-15
$$1.75"
6-15
$$5.25
5-
5-15
5-21
62 '/2C
Lincoln National Life Insurance Co
8-21
'
(quar.)
preferred
<7-13
-
5-15
Packing Co. of Delaware—
Bros.
1
5c
(quar.)
6% %
preferred (quar.)
Lion Match Co., Inc.-—
—A
Liquid Carbonic Corp., common (quar.)—
4,/fc% preferred A (quar.).a
Loblaw Groceterias Co. Inc. (quar.)__,
Loblaw Groceterias Co., Ltd., CI. A (quar.).
5-15
6- 1
25c
37
(quar.)
6-15
8-
common——.
(quar.)____
Gold. Mines,
Lexington
Link
9-
12-15
30c
5-11
2
Lindsay Light & Chemical.
5
12-
9-15
30C
ft:
$1.06 »A
Refining Co.
5-18
7-
J30c
common—_—
Quarterly
Quarterly
7-17
6-15
ft
30c
Co.,
Class
$1
$1
21'Ac
Huntington
4
15C A
(quar.)_.
5-15
6-1
Liggett & Myers Tobacco, common (quar.)—
4-25
•1>-
preferred (quar.) ________A___:
Mining & Smelting Co., Ltd.—
5-15
6-12
7'/2C
5-14
5-15
Bay
5-19
5-31
$1.75
—
4-25"
75c
common
5-19
5-25
$1.50
Libby McNeil & Libby___—A—
Libby-Owens-Ford Glass_!
——__—
Liberty Aircraft Products
Life Savers Corp. (quar.)____
__„—
5-
Y.), 5%
'4-30
5-30
Company
&
Leltch
5-11
5-15
(quar.)
Co.
(quar.)
—
Common
6-15*
2
5-25
a
5-20
5-30
—
$2.5o preferred
5
6-
6-15
7-
4-30
50c
Lehigh Coal & Navigation (interim)
Lehigh Portland Cement Co., 4% preferred.
6-15
20c
Stores Corp.,
&
Leath
4-20
$1.25
Car
5-24
$1.50
_*,
(N.
6
ft 5-11
7-
6-21
4c
(quar.)—
Lanston Monotype Machine Co
Laura Secord Candy Shops (quar.)_
Le Tourneau (R. G.), Inc., com. (quar.)
$4.50 preferred (quar.)
5-25
ft
5-10
2
5c
Lansing
5-15
50c
25c
7-
1
6-
$1.75
pfd. (quar.) —
Lighting & Power Co. (quar.)
Oil Co. of Texas. 5% pfd. (accum.)
Hardart
8c
Special
:
—
Lang (John A.) & Sons, Ltd. (quar.)_
Lindsay (C. W.) & Co., Ltd.—
6'/2%
preferred (accum.).
5-11
7-20
5-25
7-
25c
..
5-15
1
6-
1
5-20
$1.50
■
■,
Common
2
6-
1
6-
$1.50
__________
6-15
25c
(quar.)
Lane Bryant, Inc., common (quar.)
5-15
1
50c
(quar.)___
preferred
partic.
514%
5-25
1
.....
10c
10c
Machine Co., common
Common (quar.) ...
6-
(quar.)
4-30
....
Landis
18c
preferred
Participating
partic.
&
1
5-10
6-
;
6% preferred (quar.)
Horn (A. C.) Co. common
7%
5-10
5-15
common
5-15
-
(quar.)
(M. H.) Inc. (quar.)
Extra
1
5-10
5-
40c
preferred
Lamston
1
5-15
$1.25
(quar.)
4'A% preferred (quar.)
Hormel (Geo. A.) & Co., common (quar.)
6%
5-
1
37'/2c
(quar.)
preferred
Co.,
5-10
1
& Champagne; Inc.—
Woods Milling Co., Ltd.—
& Sessions Co.,
$2.50
1
(quar.)
Ltd., 7% pfd. (accum.)
1
6-
5-19
50c'
5-15
1
.ft;
Co., Ltd. (interim)
Hooker. Electrochemical Co., common
6-
87%c
5c1
1
6-
Oil
5-25
10c
Lamson
6-15
25c
Holt Renfrew ti Co.,
8
1
15c
(quar.)__;
(quar.)
1
6-
$1.13
5-15
6-
/ft
1
5-
$1.50
5-17
6-
$1.06 'A
..
5-
5-31
$1.25
5-14
50c
(quar.)
5-15
10c
1
6-
.
5
37'/2C
1
25c
.
5
6-15
1
7-
5-
Wines
Salle
Common
50c
—
5
912-
6-15
*
5-21
js-a)—„.
Co., common
i
Heater Co.
Lake of the
5-18
i
—
6-
9-15
12-15
15c
12 '/2c
Co'.
—
5-23
6- 5
;
15c
6-
6-
;
6-29*
v'A
5-15
:
15c
5-24
15c
A
5-15
6-15
5-15
$133.27
6-
5-15
class A
Inc.—
Co.,
&
(Henry)
7- 2
preferred (quar.)_
—
Lakey Foundry & Machine (irreg.)______—
Lamaque Gold Mines, Ltd
(interim)
6-
—
class A
6-
6-
75c
-;a-
Manufacturing
6-15
$2.50
$46.78
A
4-30
$22 %c
(quar.)
Co., class A
Co,
E.)
9-
$2.50
$2.50
25c
75c
6-
La
....
HOlt
v
5
5-
5-25
25C
;
.
(Charles
Hobart
2
8
10c
Light, common.
6-
^
preferred
6-
25c
Common
Hires
5-8
6-
Electric
4-26
7- 2
a
Kysor
5-15
-
Hilo
4-27
$1.50
—
—
preferred (quar,).——;—
Koering Company _____
Kresge (S. S.) Co. (quar.)...
Kroger Grocery & Baking Co., common
6% 1st preferred (quar.).:
7% 2nd preferred (quar.).
25c
(quar.)
Co.
11-10
5-15
60c
6-20
a—
Glass
1
5-28
15c
:
Creamery
Extra
5-10
1
6-
Knudsen
6-
common
12-
25c
1
1
5-21
—
30c
$3c
7%
—
25c
17'Ac
(initial quar.)_
ford Motor Co. of Canada, Ltd., class A—
Florida Power,
56-
6-11
Monthly
5-11
ft'5-25
•
15c
preferred (initial quar.)
5-15
6-15
10c
Department Stores, Inc. (Irregular).
Hercules Powder Co.V 6% pfd. (quar.)
Hershey Chocolate Corp., com, (quar.)
•___
$4 convertible preferred (quar.)
:
Heyden Chemical Corp., common (quar.) —
4% preferred A (quar.)
4% preferred A (initial quar.)
Hlbbard Spencer Bartlett & Co. (monthly) A_
Monthly A'
____A__
5-10
6-1
(quar.)
,.
5-15
5-15
Hearn
5-
70c
60c
Co.,
A.)
Hazel-Atlas
$1.12'A
common-
5-15
6-15
$1.50
Commercial & Sugar
Hawaiian
1
Fitzsimmons & Connell Dredge & Dredge Co.
Flintkote
5-19
—
(M.
Indiana
.
5-15
1
6-15
75C
(quar.)waA3A-.
$1.50 preferred (quar.)
6-30
*•
$1
Ltd.; 7% pfd. (quar.)
7% preferred (quar.)
7%
preferred (quar.)
:
Fleet Aircraft, Ltd. (resumed)
6-12
$1.75
Common
20c
Fitzimmons Stores,
5-30
90c
Haverty Furniture Cos., Inc.—
20%
Quarterly *—
5-26
10c
-—■
8-10
v
7% junior pfd. (quar.) •
Keystone Custodian Fund, series S-2 (s-a) _.
Kildun Mining Corp. (liquidating)
A.
Kinney (G. R.) Co., $5 prior pfd. (accum.).
Klein (D. Emil) & Co., Inc. (quar.)
...
Knickerbocker. Fund (quar.).—_—
Kentucky Utilities
1
7-
*
1
(quar.).....
common
5-10
1
;
7-15
tl5c
preferred (quar.)
-tA—•Hathaway Bakeries, Inc.—
$7 convertible preferred faccum.)—.
Havana Electric & Utilities 6% pfd. (accum.)
5-11
(Newark, N. J.) (s-a)
Inc.
4-17
6-
1
9-
Trecker Corp.
Kellogg Switchboard & Supply (irreg.)
5%
preferred (quar.)
Kendall Co. $6 partic. pfd. A (quar.).
5-11
5-15
5-21
6%
5-15
——
H.)
5-21
5C
6-
30c
Kearney &
t20c
25c
1
30c
Natural Gas, com. (quar.)
(Stock div.) (one share for each six held)
62 '/2C
(quar.)
Imperial
preferred (quar.)
1
•
1
6-
'
Kansas-Nebraska
25c
Common
Firestone Tire & Rubber Co.—
4'A %
1
5-
$1.75
$4.25 preferred (quar.)——
Harbison-Walker Refractories Co.—
5-18
20%
18—
(s-a)
5-
5-15
15c
Hanna
subject to approval of stockholders at meet,,
5-15
$1
—
Extra
9
25c
Firemen's Insurance Co.
$1.50
25c
8-10
$1.75
Philadelphia (stock div.)
5-29
62'/2c
5-14
7-13
Corp
Association
6-15
—
1
25c
(quar.)
25c
(s-a)
9-1
6-
Cleaning & Dyeing—
preferred
(quar.)
Hancock Oil (Cal.),1 Class A (quar.)
1
Works
United
Common
Common
preferred (quar.)
6%
6
8-
;
.—
Federal
•
Ltd
Mines,
Hamilton Watch Co.,
5
15c
Corp
5
5
(initial quar.)__._^
Co.
Hamilton Cotton Co., Ltd.
$1.50
30c
Light & Traction Co., $6 pfd. (quar.)
5-
5-15
common^..—
Stores (quar.)___
Brothers
Hale
12-24
(quar.)—-
25c
$*1.50
Federal Fire Insurance Co. of Canada (s-a)_
Federal
•*
Common
5-
$1.50
1
6-
6-15
J.
—
Plantation
...—
Vegetable Parchment Co.—
Kalamazoo
5
5-
6-
6-15
$2.10
Sugar
5-15
$1.50
12-24
Kahuku
5
6-20
1
5-15
25C
-
Hackensack Water Co. (s-a)
(Syracuse,
—_;
Quarterly
5-
343/#C
2
Class B
(quar.)
Fansteel Metallurgical Corp.—
(quar.)
(quar.)
4-27*
7-
6-15
$1.95
;—
(quar.)
(quar.)
5-21
7-
5-18
Common
preferred
preferred
preferred
5-10
5-15
5-15
$1.25
Cooper & Co. (quar.)__
Aircraft Engineering Corp.—
1
3c
15c
'
5-25
40c
Grumann
$1.25
$1.25
..—A
Extra ft__...__A__—1
30c
(quar.)
preferred
6-15
1
6-20
6-
$1.25
$1.25
$1.25
50c
25c
25c
50c
1
(quar.)
(quar.)„
5-10
ft
6-15
$1.80
Mines Co., Ltd—
Jacksonville Gas Corp,——.
Jamestown Telephone Corp.—
6% 1st preferred (quar.)—._—-—-—
5%
preferred class A (s-a)—
—
Judson Mills, 7% preferred A
7% preferred • B—A————
;—_A——'
5-14
7%
8
7-
>
-Faj&rdo Sugar Co. of Porto Rico (quar.)—_
Falstaff Brewing Corp., 6%
preferred (s-a)
$5
$1.80 preferred
Knight,
&
$1.25
preferred
Faber, Coe & Gregg
1
5-25
35c
A
A;
,
6-
(increased)
Extra
$1.75
25c
(quar.)..
(quar.)
(quar.)
preferred
preferred
'
$1.75
ft ft 25 c
,
...
Grand Union Co.
*
__
Co.—
5-14
•„
V.; 8emi-annual
5-18
$1.25
Employers Reinsurance Corp. (quar.)
40c
Engineers Public Service, $5 pfd. (quar.)
' $1.25
$5.50 preferred (quar.)
a
$1.37'A
$6 preferred
(quar.)
$1.50
Equity Corporation, $3 preferred (accum.)_.
75c
Railroad
6-15;
25c
37'/2C
(quar.)
50c
Goodyear Tire & Rubber Co., common
$1.25
$5 preferred (quar.)
—
$3
Gorham, Inc., $3 preferred (accum.)
50c
Gorham Manufacturing Co. (quar.)„_
ft.
25c
GOssard (H. W.) Co. (quar.) a—
Qranby ConsoL Minting Smelting & Power—
5-18
Empire District Telegraph, 5% pfd. (quar.).. A
-Erie
1
Goodall-Sanford, Inc.
6-1
(quar.)
preferred (quar.)„
Walker Dry Goods, common (quar.).
1st preferred (s-a)
2nd preferred (s-a)—......
.
6-
preferred (quar.)_——.„
5-15
.6-12
A----
6-15
5-15
v
7-16
Island Mountain
10c
6-15
6-22
2
60c
(quar.)
1
1
6-
25c
*75c
-A*a—aaa-,--——:
Quarterly
Quarterly
5
5-
-ft-
;
Georgia RR. & Banking Co. (quar.)
Gerrard (S. A.) Co.,1 preferred (s-a)___
Goebel Brewing Co. (quar.)
7-
50c
25c
$25c
75c
—
(quar.)__.
5-
$1 preferred (quar.)
preferred (quar.)
—
7%
preferred (quar.)
—
General Outdoor Advertising Co., common..
6%'preferred (quar.)
$4 participating preferred class A
General Steel Castings Corp.—
$6 preferred (accum.)
—___—
General Steel Waresj Ltd., common (reduced)
General Tire & Rubber Co., 4'A% preferred
8
6-25
1
5-19
6-
ft-
$1.50
1
5-19
1
5-15
General Phoenix Corp.,
4-30
5-15
25c
(irreg.)
'Eastern Stainless Steel Corp.
Eastern Steel Products, Ltd.
,.7%
-Ely.&
7%
6%
5-18
6-14
6-
$1.50
6% preferred (quar.)_
Eastern Airlines (initial s-a)__
-
1
6-29
1
1
5-15
Co., common—
Industries
1
25c
'/ftftftftftft
$1.75
-
,
-•Eaton
5-18
2%
_________
_
_
(one
Manufacturing Co....
.—
East St. Louis & Interurban Water—
preferred
5-15
1
1
5c
Dwight
7%
1
6-
25c
30c
—__
__
,_
dividend
Stock
6-
6-
..ft
—
Duplan Corp,
5- 5
6-
12'Ac
_
Corp.
5-31
5-21
preferred (quar.)
Inc., common—
7% preferred (quar.)
—..—General Finance Corp., 5% pfd. A (s-a)^
6% preferred B (s-a)____
——
General Foods Corp. (quar. )•
Cigar Co.,
A 8-15
$50c15c
'
Co.
Extra
Dravo
General Bottlers, 55c conv.
4-30
6-
$$1.25
—.
Co.-
Drug
•
5- 5
General
5-15
66-
133/4C
6-29
(quar.)—
preferred (accum.»
5%
5-15
General
5-31
5-26
Griesedieck Western Brewery—
.
Dow
5-15
9-30
—130c
Dominion Malting Co., 5% preferred (quar.)
t$1.25
Common (quar.)
$20c
Dominion-Scottish Investments, Ltd.—
Dominion
1
10-10
$2
Ltd. (quar,)——
Dominion & Anglo Investment Corp., Ltd.—
6-15
6- 8
10c
Gar
6-
6-15
2
;•;•'
of Rec.
Payable
Share
A :
Ltd.—
6% conv. preferred (quar.)
Iowa Southern Utilities Co.—
6% preferred arrear ctfs. (accum.)__
6'A% preferred arrear ctfs. (accum.)
7% preferred arrear ctfs. (accum.).
Iron Fireman Mfg. Co. (quar.) —
5
5-
7-
—
Inc
Wood Industries,
ft 5-15
5-15
25c
Gamewell Co.
4
6-30
62 'Ac
25c
$30c
—
Mines,
Dome
5-
5-
37'Ac
ftft 75c
(quar.)
participating preferred
6%
5-16
5-15
7-10
$1.25
$1.50
preferred (quar;)——————
Di Giorgio Fruit Corp., $3 partic. pfd. (s-a)5fc
Diamond
1
6-
50c
50c
.
(quar.)—A.
B
Common
.
(quar.)
Co., Inc., com. A
& Raynolds
e- i
5-21
25c
5c
(quar.)—_—■:—
(quar.)
preferred
5% preferred
4-16
5-21
$1.75
$1.75
30c
50c
(quar.)—
...
—
7% preferred {quar.)__——„.
Detroit Gasket & Mfg. 6% pfd. quar.)
Detroit International Bridge (irreg.)
•,—
Detroit-Michigan Stove Co.—
-
Devoe
4-16
preferred (quar.)
...___A__._..
Grayson Shops (California)
(initial quar.).
Great American Indemnity (N. Y,)..a-J
Great Lakes Dredge & Dock (quar.)
a
-
$1.75
preferred
7%
5-15
35c
$1
75c
•..«•
—
preferred (quar.)
7%
1
35c
Corp.—
7% preferred (quar.)..
Delaware & Hudson Co. (quar.)
Deere & Co.,
Dentists Supply
4
5-15
l5c
Company,
Crane
5-
1
-
Intertype Corp, (quar.)
Investment Foundation,
5-10
6-
.
433Ac
_
1
6-15
150c
25c
Ltd. (quar.)——_____—of America
Continental Commercial Corp.—
7% preferred (quar.)—
—...—— A
<5ook Paint & Varnish com. (quar.)
$4 pfd. (quar.) ——
-Cooper-Bessemer Corp., common—_____
$3 prior preferred (quar.)——
Corporate Investors, Ltd., class A (Irreg,)—
Corrugated Paper Box Co., Ltd.—
7% preferred (quar.).:
Cosmos Imperial Mills, Ltd. (quar.)
Glass,
Corp.
Container
6-
5-15
Consolidated Vultee
Consumers
6-23
6-
(special i—$1
Aircraft, common
50c
$1.25 conv. preferred (quar.)
31'Ac
Consolidation Coal Co,__—.—--J—-------r
25c
Consolidated Steel
Pitt Bridge
.
ft
50c
ft;--*'
V'i-■
I
Pitt
Fort
5-15
1
6-
Co
—
Works.
—__
5c
Foster & Kleiser Co.Aft.ft.__*-A.—--------—.
37 '/2C
Foster Wheeler Corp.. 6%
prior pfd. (quar.)
$3
Four-Twelve West 6th Street (year-end) —
ft' 50c
Four Wheel Drive Auto, common
50c
Freeport Sulphur Co. (quar.)
ft
40c
Fruehauf Trailer Co., common (quar.)
4»A% conv. preferred (quar.)
—a. $1.12 '/2
Brewing
Fort
5-15
1
6-
Connecticut Power Co.
5-24
ftftft
5C
ft'ft ft'A 25c
; ;
Name of Company
of Rec.
Payable
Share
Hame of Company
...ft
Holders
When
Per
•
vl Rec.
Payable
Holders
When
Per
Holders
When;.
Per
5
12-
1
6-
5
6-
1
9-
5
9-
1
12- 5
12-
1
,
25c
.Volume 161
.
Number 4385
.
THE COMMERCIAL & FINANCIAL CHRONICLE
'
Per
Name of Company
•
preferred
A
(quar.)
Messenger Corp.
-i.—
Meteor Motor Car
preferred (quar.).
preferred series 1940
'6%
■
iquar.)
Mid-Continent Petroleum Corp. (irregular)—
Midland Steel Products, common.—..-—
■-■■.8%.
•
$2
preferred
(quar.)
preferred
<
Midwest Oil
■■
Co., common (s-a
preferred (3-a)
^ Midwest Rubber Reclaiming Co.—
•
-
.—
8%
r
4c
■■
$4 preferred (quar.)
$1
prior preferred
50c
Minneapolis-Honeywell Regulator, common..
25c
4% preferred B (quar.)
—.—$1
4%% preferred C (quar.)
$1.07
4% preferred D (quar.)
$1
Minneapolis-Moline Power Implement Co.—
S6.50 preferred (accum.)
$1.62%
Minneapolis & St. Louis Ry
•
$1
Miller & Hart $1
r
Missouri
5%
Utilities
preferred
Mitchell
Co.,
(Robert)
.—_________
Co., Ltd
1
____
6-11
6-11
5-19
(s-a)
7%
preferred
5-24
5-10
1
Twist
Motor
Finance
Drill
77c
5-15
5-15
Motor Products
$1.50
1
5-15
4-26
25c
5-31'
5-19
5-15
5-
6- 4
5-15
Outboard
Quarterly
Fuel
Mountain
Mountain Producers Corp.
Mullins Manufactured
V" ,.J Common class A
class
Common
$7
preferred (quar.)
$7 preferred
$7
preferred (quar.)
8% preferred (quar.)_
5-14
5-28
4-27
Oxford
6-15
5-15
class
$2
A
Co.,
1
5-12
Pacific
1
5-12
Pacific Lumber
9- 1
8-11
Paramount
12- 1
6-15
11-10
6- 1
5-15
1
5-15
57c
Mutual Chemical Co.
$5.50
6-28
9-28
12-28
12-20
$81 'Ac
6- 1
5-15
Chattanooga^ & St. Louis Ry^—$1
6- 1
5-
50c
5-23
5-
35c
15c
15c
30c
$1.75
75c
20c
$1.06
35c
6- 1
9- 1
8-10
preferred
(quar.)
67c
preferred
(quar.)
Nanaimo-Duncan Utilities, Ltd.—
■
6% 7c
;
preferred
Nashville;
■■
National
Acme
—
—
Co.
iquar.)
.
_
67o
convertible
preferred (quar.)
preferred (quar.)
*6% convertible preferred (quar.)National Biscuit Co., common;.
_______—;
'77c preferred (quar.)
L———
i
—
•
National Casket Co.,
<
National
common—^
Cylinder Gas Co.,
lA'AVo
.•
Inc.,
common (quar.)
preferred (quar.)
Products (quar.)
—
National Dairy
National
t
i.
Electric
Quarterly
National
Gas
Gypsum
&
——-
Electric
—
..
Corp.
Service
Corp
National Paper & Type, 57c preferred (s-a)
Rubber Machinery——————
Securities Series—
stock
Common
Preferred
stock
-,:
r
•;•/..
(irreg.)_
(irreg.)
National Tea Co.
''
/.
—
^
Inc.
(quar.)
_l_—
87c preferred .(quar.)—
Neptune Meter Co.,
Newberry (J. J.) Co., 5% preferred A (quart)
Common (quar,)
—
—
—
New Jersey Zinc Co
<
f
Newport
~
News
Shipbuilding
Common
:
Dry
&
$5 convertible preferred (quar.)
Air Brake Co. (quar.)
—
New York & Queens Elec. Light & Power Co.—*
(quar.)
preferred (qttar.)
New York
>
stock
5.10%
New
preferred
-
Bank
■
5-
6-
5-
10c
__.—
Food
;
Oil
.1
:
•
Extra
Series
5
&
Western
5-
Ltd.
Miltes,
for
share
100
1
10c
5-15
10-
1
5-25
5-
—
5-25
5-
5
5-25
5-
5
5-25,
5-
5
•
-
5-5
8-15
8-
11-
5-15
5-28
5-
SI.75
6-
(quar.)—
(quar.)
;
—-
held
(subject
5-
5
5
5-
7-14
$1
6-1
«
6%
6-21
.
6-1
$1.75
5
5>
(quar.)
5-10
$1.50
6- 1
5-19
20c
______—
6- 9
6-
■;
common_—
40c
20c
common—
$1.50
Co
6-
8
6-
to 6-.-1
6-
1
5-11*
50c
50c
10-22
6-
1
5-
5-
5-24 ^
4-17
10-1
15C
6-1
5-21 ;♦
5-
1
Co.—
75c
•
10-
*7
1
9-15
1:77
6-
5-15
1
preferred
"
.y,
Metals
&
of
5-15
5-25
5-
5
5-
5
5-25
5-
5
5-25
,
41 %C
preferred
(monthly)—
preferred
(monthly)
—.;i—
preferred
(monthly)
————
preferred
74
2
6-15
50c
(monthly)——
(monthly)
(monthly)
of
5-15
6-
1
5-15
50e
7-
2
6-15
____
—
•
—
(quar.)
Public Service Co.
of
6%
preferred
,
8%
(quar.)—
•
.
.
».
Silica
1
;.f:,7-10*
7-16
5-15
36%c
6-15
40c
6- 1
40c
6-
50c
25c
6-15 ?
6-11
5-10
50c
6-12
5-15
6-12
10c
5-15
50c
6-
(quar.)
~
_____
(quar.)
(s-a)—_—_
$1.25
25c
75c
50c
6-
1
5-15
6^0 orioi* preferred (quar.)___
Stromberg-Carlson Co., 6%% pfd.
Sullivan
*
Sun
Superior
Oil
Co.
(quar.)
Tool
&
Die
1st preferred
5-25
5-
5
$1.60
non-cum.
$1.60
5-11
1
6- 9
5-16
6-15
5-15
:
Regina
Co., 4%
non-cum.
preferred
preferred
preferred
(quar.)—
_
6-
1
Reo Motors, Inc.-,——,
Republic Investors F,und—
6% pfd. A (quar.) 1
4-28
4-30*
5-15
8-15
11-15,
Syracuse Transit Corp.,
25c
6-15
5-31
Common
50c
9-
1,
$25e
5-25
4-19
Common
50c
12-
6-
8
7- 2
6-
8
6%
pfd. B
(quar.)
Republic Petroleum Co., 6Va7c pfd.
4%
(s-a)_
6-
1
Talon,
9-
1
5-15
5-24
50C
6-14
Haute
6-
1
5-
1
$40c
; 9-1
8-
1
$40c
12-1
11-
1
$2.50
5-15
5-
1
Thatcher
6-29
6-20
7-
2
6-
8
$1.12%
7-
2
6-
8
5,
prior
preferred
Thompson
pfd.
$1.75
(quar.)
4-15
5-1
t ; 4-30
6- 1
5-11
6-
1
5-11
6-
1
5-111
62 %c
62%c
8-
1
7-21
11- 1
pfd. (quar.)—90c
5-15
(s-a)
25c
$2.50 pr. pref. (quar.)
(quar.)
conv.
i.
7-16
Tide
15c
8-
1
7-16
Tilo Roofing
conv.
Water
$1.40
10-22!f
4-30
_
Oil
5-28
5-15
5- 1
$$3.25
5-15
5- 1,
20c
6-
5-10
10c
35c
6-15
5-25,
6-15
5-25
\
(quar.)—.—____
preferred
(quar.)
6-
.
common..
convertible
,,
1
25c
1st pfd. (accum.)
Associated
Co..
$2.50
Co.
Thrift Stores, Ltd.—
6-
<
-
(s-a>__
(John R.)
1
5-4
7%
1
,
$5
8-
5-15
Oil
preference
Mfg. $3.60
6-25
08 3/4 C
&
Thermatomic Carbon Co.—
6%%
—
Coal
Textron Incorporated,
15c
V
Wm-ks,
6-
10c
Pacific
Extra
$40c
37%C
Water
5-15
$5c
/
—
,
5-15
40c
Teck-Hughes Gold Mines. Ltd
Terre
6- 1
20c
Tampa Electric Co
6-
1
Inc.
nreferred
6-15
9-15
7%C
30c
(quar.)_
;
1.
common
37%c
5-10
5-25
5-18
7- 3
5-15
$3c
25c
50c
(quar.)
(resumed)—
Symington-Gould Corp.
1
5-30
5-12(
5- 4
5-15
5-15
5-15,
5-
25c
—
;
6- 1
6- 1
6- 1
10c
50c
5-15
15c
(irreg.)
Reliance Electric & Engineering Co._
Remington Rand, Inc., common (quar.)
$4.50 preferred (quar.)—
6- 1.
6- 1
5-15 '
5-31
Texas
Corp.
6-22.
5-15
37%c
Oil Corp., 6% pfd. (quar,).____
preferred (quar.)
Co., Ltd. (quar.)
International
37 %c
(quar.)
(quar.)—_—_
(quar.)
5- 2
,
,.
$1.50
Regent Knitting Mills, Ltd.—
non-cum.
-
5-; 7.(
5r 2,
1
5-25
6-15
5-28
Sylvanite Gold Mines, Ltd.
$1.60
t
37 %c
25c
5c
'
—
Co
Swan-Finch
2nd
7- 1
6- 1
v
$1.50
Machinery Co
5-15
6-
$1.62%
31'Ac
(ouar.)__
(quar.)___
6-15
9-15
;
5-21
6- 1
25c
$1
Strawbfidge & Clothier—
pfd.
1
,
25c
#
Stokely Van Camp, Inc. 5% pfd. (quar.)—
Stonega Coke & Coal Co. (quar.)_____——
4-19
Reading
6*
$5- 1'
12-29
12-15,
5-15
it' 5- 1,
6- 1 :
5-,15*
25c
6-
—
:
^
^
:
5-15
(quar.)
5'
5-10*
5-
9-29
40c
(quar.)
5-15'
.,
6-30
$1.25
Corp., $1.25
r
5-15
Works—
(quar.)
30c
———--——
5-15'*
5-18
5-15
4%
preferred
(
1
6-14
Swift
6%
'6- 1
„
1
$1
5-15
Common (quar.)
Raytheon Mfg. Co.,
■
.
(quar.$1.25
Wells
4
.
'5-15"*
6-15
—,
5-15
(
5-23*"
30c
—,—
5-31
Rapid Electrotype Co. common
'
$1.12'/2
6-15
1
5-* 5
..6-5
.
5% preferred (quar.)
(A.) & Co. (quar.)
Sterling Drug. Inc. (quar.)
Stern Bros, {initial)
Stewart-Warner Corp. (s-a)——
Struthers
-
1
5-28
6-12
31V<iC
Extra
,
5-19
6r
1
________
5-31
preferred (quar.)—
Quaker State Oil Refining Corp. (quar.)—__
Quebec Power Co. (quar.)
,4-30
„
8-
—____
5% preferred
pi-eferred
6-15
,
5-15
8-
V- *:
Corp
57c
6-15
4
7-11
6-15
40c
(Indiana)
6-30
Quaker Oats Co., 6%
8-15
.
$1.25
5-15
4-16
5-15
;
$1.06 V*.
(New Jersey)
6-30
5
7- 2
7- 2
j
Co.
6-15
5
71T4C
v
-yv.'.
50c
1
(quar.)
$2
5
75c
preferred (quar.)
53/i7c preferred (quar.)
$1.1.2%
1
: '5-15
75-15x
7-13
6- 1
1
50c
''7-20?
6-15
35c
25c
4-20,
.6-20
9-15
$1.75
5-
,
-—
$1.25
2
5-15
,
8-15
7-16
$1.25
7-
>1.6-15^.
;
6-15
(quar.)
$1.25
5-
5-
f.
5-15
(quar.)_
& Gas $5 pfd. (quar.)__
7% preferred
5-
„
5-20
preferred
(quar.)__.
Puget Sound Power & Light Co., common—
Purity Bakeries Corp. (quar.)—
preferred
Public Service Elec.
.5-25
5-15
5-15
-
50c
—
I
6-15
preferred
6-
$1.25
(quar.)__—_—
\
4-20
75c
Extra
$1.75
(monthly).
7% 'preferred
5-15
5-15
,
$$1.50
6-
New Jersey—
$5 preferred (quar.)———
6%
preferred
(monthly)——.——
5-15
$20c
(quar.)
$1.25
—
5-15 '
Stecher-Traung Lithograph Corp.—
-
•
5-15
'
5-15
$20c
25c
,
'
5-31
6-1
——
58 %C
58 %C
Indiana, com. tquar.)_
i
1
5-25
35c
Stein
preferred
Co.
6-15
6-1
1
5-1
8-
37V2c
Irregular
1
$1.25
5-25
•
4-25*
•
6-
1'
6-
^
30c
Stanley Works, 5% preferred (quar.)
5-22
5-
■
preferred
5%
1
5-15 "••
41%C
preferred
preferred
Oil
Standard
6-20
6-1
6-12
5-15
Ltd.—
Standard Stoker Co
6-20
6-
\
l1^
5-31
50c
Standard Wholesale Phosphate & Acid
$2
6-
A:: •,75c
,5-15
50c
4
$1.50
Standard Oil Co. of California
1
25c
f
i
1
Vr.'!w
5-15
4-14
5-
1
8-15
preferred (quar.)—I—1.1—_
Standard Dredging $1.60 pfd. (quar.)
6-
—
6-
15c
conv.
6-
'—
5-14.
13%c
—
$1.60
$1.50
(quar.)
5-25"
*
Brands, Inc., common
i
$4.50 preferred (quar.)
Standard Cap & Seal Corp.—
$1.37%
Inc
-
133/4C
——
Standard
Co.—
(quar.)
'
5-23
25c
£—
Standard
Co., common
5-15
25c
(quar.)
"\yater Co.
Standard Oil Co.
America,
Gamble
5-15*
25c
Standard Accident Insurance Co, (Detroit—-
5-15
7-16
6-15
«
5%
& Sons (common (quar.)
(quar.)
(E. R.)
5-15
7-16
$$1.12V2
1
6-
5-21
1
$7 5c
6-11
(quar.)
i.::;, Quarterly
5-18
$$1.50
25c
6- 9
1
—
5-211
10c
6-
i
8.4^.
5-31 (
1
37^20
(quar.)
6-
(quar.)—
6?
6-
Greyhound Lines, Inc., com...
20c
partic. preferred (quar.)
7-10
,
6-30
$4.25 preferred B (quar.)
of Canada, Ltd.—
1st
1
3..
15c
(initial).
(quar.)
37 %c
—
$25c
ccm.
5-15:
8-
7-
.<
6-11
—
Electric Power
$l5c
$$1.75
6-15
(quar.)
pref.
1.
(interim)
$5 preferred A
5-18*
6-
6-
15c
non-cumulative
Squibb
5-15
IOC
com.
1
$1.25
Canada Power Co.,
Stamford
7%%'' ri
7,
4-30.
6-
45c
1
•
5-23.
5-15
75c
$1.25
Sovereign Investors
4
5-15
6-15.
.
4-19 ^
Spencer Kellegg & Sons,, Inc. (quar.)
Spiegel, Inc., $4.50 preferred (quar.)
5-11*
■
30c
i-lO*
1
1
6-28
(quar.)
Southwestern Life Insur. Co. (Dallas) (quar.)
Southwestern Public Service, common (quar.)
5-23
^_
6-
1-
5-25
50c
(quar.)___
partic. preferred
5%
1
—«
5-14
Corp.—
Southern Railway Co
5% non-cumulative
./
——
>
9-20
t2c
(quar.)
Common
6%
5-24
5-21
.
9-30
J22c
Common
5-21
8
25c
.
6-20
Co
preferred B
Southern
•5-18
•
5-15
'50c %
5
5-25
•
5-
5-25
to
—
6%
:
Common
■
$1.50
1
6-30
Southern California Edison—
i
"
•
Southeastern
5-11
1
5-15.
1
4-30
v
preferred
,
4.
6-
25c
South Bend Lathe Works
5-11
6-1
6-
$1.12 Va
4-16
50c
5-
5-15
(quar.)
Manufacturing Corp.—
(increased quar.)__
cum.
conv.
preferred (quar.)
55c cum. conv. preferred A (quar.)
Soundview Pulp Co. common——
6%
5- 3
6-15
Common
5
5-15
5-15
18c
(quar.)
(Canada),
(quar.)_
O.)
3
30c
preferred—
55c
5
2-
$75c
,
6%
Solar
4
11-15
2-15-46
(A.
1
5-
$1.25
Co.
Aircraft
,
6-
5-15
$1.25
(quar.)—
*
5-25.
10c
7c
51
5c
13c
50c
12V2c
$2.50
i$l
-
5-25
10c
—
:——^
5
6c
y4c._
8c "
Series
approval of SEC)
,
Smith
1
6-11,.
$l9c
common.
preferred
Solar
3-15
35c '
5-
>
25c
Ltd., 4V2% pfd. (initial quar.)—
Oil Corp. (quar.)
Singer Mfg. Co., Ltd. (ordinary reg.) (final)
Sivyer Steel Castings Co
Sixth & Broadway Bldg. Co.
partic. ctfs
12-15
5-15
1
Sinclair
9-15
1-2-46
4-1-46
6-
.
20c
>
Simpson's
6-15
1
5-15
50c
(quar.)
preferred
Simmons
:
4-24
7-
1
:
Breweries, Ltd. (quar.)
Signode Steei Strapping, new
5-15
$1.10
______
7%
5
9c
shares
6-
6-
t
8
15c
Sicks
5-31
$2.50
7%
5
Co., common (stock div.)—
of Pacific Gas & Elec. com.
each
A
Public Service
5
5-
1.—.—
Railway Co.
7%
5-31
6-15
5-10
.
—:
Sherwin-Williams
5-11
6-15
35c
6%
5
5-
American
.One
1
5-25
5-25
5-
(quar.)
Norfolk
5-31
5-
6-11
ilOc
>
Deposit receipts (quar.)
5-21
5-21.,
;
35c
—
6%
5
5-5
Industry Series—^————
Nineteen Hundred Corp., class A (quar.)—
v
5-25
6-
5-25
Tobacco
NOrth
5
8c
5c
———i
B
1
1
5-18
(quar.)
Co., common
preferred AAA (quar.)
5%
8
5
5-
5-25
:
Class
66-
:
35c
>
5%
5
5-
5-25
Series
Equip. Industry
Industry Series—
Extra
Noranda
5-
5-25
5-25
8c
,
!
5-25
"
v
5c
v
Extra
Steel
-
v
5-15
6-
50C
■ftp,
(quar.)
non-cum.
5%
5
7c
Railroad
1
6-29
■>
25c
<quar.)__
preferred (quar,)_
preferred (quar.)
5%
5
5-
5-
10c
9c
:y-TOc
—
6-
50c
,
Public Service Co. of Colorado—
5
5-
—
—
——--v—
Railroad
5-
5-25
——_--—10c
Industry
4-20
____________
Co., class B
Pressed
5
5-25
—w.™_y..„y
Utility
4-30
5-15
$1.37%
6%
5
5-25
-Series
Industry Series
~
6c
18c
_—
-
Extra
Public
55-
5-25
6c
Fund
.
'
5-25
.5-25.
..
5c
Extra
Metal'Series
5-15
Inc.,
6-15
12-15
12-31
$1.25
(initial)
of Delaware
Sherwin-Williams
$$1
$$1.75
r
6%
5
2c
Stock
4-30
50c
new
5-11.
6-30
Investment Co.—•
Shawinigan Water Power Co.
i'Sherritt, Gordon Mines, Ltd
4-30
5-15
$1.25
6%
5
5-5
5-
11c
_______
Machinery Industry Series
Merchandising Series
Extra.
5-
5-25
3c
20c
—
Industry Series
5-15
$1.50
class
Co.
preferred
$4.50
2
4-'29
$1.37%
$15c
?5 V27«
4
5-25.
.
7c
—>
Industry Series
Insurance
i
1
5-25
7c
Equip. Industry Series-—..——
Extra
5-
50c
Corp.
Procter
ii..———5c
Electric
Co.,
Pratt Food Company
$1.2714
1
Diversified Speculative Shares (initial)—
r
5-25
5-15
___.
preferred
&
5-25.
1
75c
(accum.)
Surety Co.
Seagrave Corp-, '5% preferred
1
1
(s-a)—_____—~——
$1.50
5-11
,
Investment
6%
preferred
Poor &
5-11
Series:
Extra
9-
5-15
Pittsburgh Steel 5J/2% prior pfd. (accum.)__
4
5-22
Equip,' Industry Series
Diverssified
1
6-
Pittsburgh Coke & Chemical $5 pfd. (quar.)_
7-16
5-22
Industry Series--
Chemical
Co.
(Charles)
8%
5-15
$1.50
Building Supply Industry Series
-
Scythes & Co., Ltd.
Servel,
_
9
6-
,
10c
4-25
i
i,
5-10
6-
(s-a >
Board
1
^
Semi-annual
5-15
$1.50
_________——_
Stock
10-
15c
Corp._
5-25
1
75c
Seaboard
75c
Pittsburgh Bfessemer & Like Erie RR.
6-16
5-18
Assn.
preferred
$5
Wall
Oil
,
5-15
5"
(quar.)
7-
-
5-16
6-1
10c
Business
Seaboard
34 %c
Ordinary registered (final)
Piper Aircraft Cofp;, 60c conv. pfd. (q^uar.)
Pitney-Bowes Postage Meter Co. (quar.)
1
——
.
_
y
5-19
Pinchin, Johnson & Co.—
5-31
Co.
Securities Acceptance Corp.,
(quar.)
6-25
1
Scotten Dillon Co.-
;
Inc.
1
6-
5-15
$1.50
Corp., common
$2 participating preferred (quar.)
5-23
(quar.)
Mulliken
7-
$2.25
partipating freference (quar.)
<R. B.), Inc. (quar.)
5-23
(quar.)
Pierce Governor
5-15
____——____—
(s-a)
Dlst. Industry Series
Automobile Industry,Series
Aviation
6-
Co.
Schumaker
5-19
31V4C '■
Philadelphia Transportation Co.-—
Participating preferred (s-a)
Phillips Petroleum Co. (quar.)_
5-19
&
4-25
J-.
(s-a),
,
12V2C
1
(quar.)
(quar.)
5-15
; Selmer
4-15
1
50c
A
Power Corp.
Extra
V
4%
1
1
Co
A
1;
15c
Canadian International
6-20
(quar.)_
Philadelphia Suburban Water Co.
York
Extra
5-
4-15
•
37 %c
_____•
6-
37l/2c
(
5
75c
Roebuck
6-20
50c
common
5-15
$1.05
Gas
.
Alcohol.&
i
A
,6% preferred
5-15
pfd.
Seattle
v
Stocks, Inc.—
Agricultural Industry Series
V
Sears,
5-10
1
6-
$1.50
Wheel
1
50c
1-
(accum.)
—
6-25
5-
6-
Semi-annual
4
5-15
^
25c
Co
7-1
5-15
25c
$15c
-
B-15
£l5c
(quar.)
Francisco Remedial Loan
5%
—
class
Potomac
$1.75
$1.25
—-—
(quar.)
5-
5-21
6-
$25C
(quar.)_.
1
JS1.50
Savage Arms Corp.—
1
5-15
$$1.75
(quar.)
Phelps-Dodge
4-30
5-18
1
5-1
t
Reel
class
Pfizer
4-30
6-14
5-
4-
(quar.)
class
Pfaudler
i New York State Electric & Gas Corp.—•
•
&
Grinding
Peter Paul,
5-18
1
8-
5-15
5-15
5.
6-
$2.25
_
preferred (quar.)
$$1.25
Inc.
(quar.)
class A (quar.)
Pettibone
6-15
5-
San
■
7-31
7
9
10c
Manufacturing Co. (quar.)__
Perkins Machine & Gear, 7% pfd. (quar.)
5-28
6-1
50c
-
(s-a)—
Participating stock
Rig
1
6-
6-
5-
5-15
Saco-Lowell
6-20
9-15
1/
(quar.)—_
Co
Joseph Water, 6%
1
5-15
6-
(quar.)
RR.
6-15
$1.50
Shops (quar.)
Joseph Lead Co
$25c
Pepperell
5-18
6-1
Shipbuilding Corp.—
Founders
,6-
6-15
$1.25
Common
$5
7-21
6- 1
6-15
7- 2
8-15
6-21
50c
——
New York
i
6-11
5-21
Dock—
———
•'-*
c
8*
5-8*
7c
5-15
10c
5-15
15c
6-1
$1.50
6- 1
$1.75
6-1
$1.25
6- 1
25c
6-15
$2 .
5-15
$1.25
6-1
60c
7- 2
$16- 9
;———
(quar.)——
Power, 67c preferred (quar.)——
-'7To preferred (quar.)
; Neirfian-Marcus Co., 57c preferred (quar.)—
Bros.,
■
•
Nebraska
Nebmer
5-
8- -1.
25c
$1.25
25c
,
National
.
.
6-1
15c
$1.12,/2
$1.75
(irreg.)____._
Co.; $4.50 pfd.
-
National
6-8
2c
-
(quar.)—
i* National Lead Co., 7% pfd. A (quar.)
National Linen
4-30
Steel
St.
25c
common (quar.)
Pennsylvania Coal & Coke Corp.—
Pennsylvania Electric, 4.40% pfd. B (quar.)
Pennsylvania State Water. 7% pfd. (quar.)_
Peoples Gas Light & Coke Co. (quar.)
Peoples Water & Gas Co. $6 pfd. (quar.)_i
5-11*
&
Iron
Rutland & Whitehall
St.
Penmans, Ltd.,
8
6-8
:
5-28
20c
Ltd
(quar.)_
1
$1.25
Milling 4V2%
Rustless
4-26
5-12
5
$1
Pictures
$1.40
Welding Machine™
— ____
National
.
11-
12-1
6-14
5-31
5-15
1
Russell-Miller
$1.50
Corp.
$1.40
5-10
pfd. D
41/2%: preferred (s-a)
Rolland Paper Co., Ltd., common
6%
preferred (quar.)
4
Co._
$1.40
convertible
67c
10-
7-
50c
6-
Manufacturing
$1.40
Automotive Fibres. Inc.—
National
$1.75
(quar.)
Elec., 6%
5-12
37 V2c
Co.—
Common
9
preferred
Manufacturing
5-
•
••
Peninsular Telephone Co.,
Common (quar.)
9
9-15
1
(quar.))
preferred
Common
(quar.)———.
6-15,
1
6-15
$3
preferred
preferred
Peninsular
9-20
1
10-
50c
Gold. Dredging, Ltd
Manufacturing Co., Ltd. com. (guar.)
(quar.)
17c
6-21
(quar.)
6%
M*
&
Peck, Stow & Wilcox
$1.50
$1.50
$1.50
preferred
3
*
7-
$1.75
6-15
40c
Consolidated
Paton
of America—
6%
Lighting
Parkersburg
Pato
6-
V
(quar.)—
6-
$1.12%
(quar,)___^j._
Electric, 67c pfd.
preferred (quar.)_
preferred (quar.)__
1
50c
$1.50
(quar.)
———————
67c preferred (quar;.)
7*
6-
.5-23^
$1.75
Roxy Theatre, Inc. $1.50 pfd.
4-30
6-15
25c
(quar.)
$5
6-
Muskegon Motor Specialties Co.—
Muskogee
$25c
(irregular)
com.
Aircraft,
Paper,
6-
1
5-15
5-25
Pacific Gas &
6-
4-30
•
Glass
$1.75
$1.75
$2
—
Muncie Water Works,
7
$$1.75
(quar.)_
Marine
6-11
6-
■>
5-15
4-25,
4-25,
6-15
,
$1.75
*
57c preferred
Owens-Illinois
25c
$1.75
_
37 %c
(quar.)—________
25c
(quar.)——
5-12
6-15
Light Heat & Power, Ltd.—
Common
5-12
—_—
1
6-301,;
6-15
(quar.)
preferred
&
5-15
25c
_
preferred E (quar.)—
Russell-Miller Milling Co.—
•*
'■$:
5'k7o
(special)—
(special)————-
B
7 6-
7'/2C
(quar.)
&
25c
(s-a)—.—
A
$$1.50
6-
Ottawa
Corp.—
2nd
common (quar.)
of Rec.
5-15
3£c
|
______
5%
:
Car
25c
$3c
Supply Co. (irregular)
Ltd. (interim)—
Mountain Mines Co.,
,
preferred
$1.50
5
r
433ic
Ottawa
Mount Diablo Oil Mining & Development Co.—
r
Rochester Gas
1st
7%
(quar.)
67c preferred
5-
Corp.
Risdon
6-15
Otis Elevator Co., common
5-15
(quar.),__—,_5l.
Corp.
6-20
common
B'Gosh, Inc., common
75c
Co.—-.—
2
7- 2
,(s-a)
Products,
preferred
Oshkosh
50c
Machine
&
7-
17c
35c
interim)
6-30
(quar.)—
59 %c
Co.,
Manufacturing Co.
Steel
lc
Morse
5-19
(quar.
Second
Ontario
5-10
6-
6-1
,
'
(quar.)
Ontario & Quebec Ry.
'
preferred
2nd preferred
5-19
87 %c
(quar.)
Ontario
6-15
Moody's Investors Service S3 pfd. (quar.)
Gas
1st
7%
1
$1.62%
•
Okonite
-5-10
f
6-
v^:-
5-15
6-15
$2
Natural
preferred A
Manufacturing Co.,
7%
6-11
com.
Holders
Payable
25c
interim).
(quar.
$1.75
(quar.)
preference
B
$1.50
—
Co., 6 7c preferred
Oliver Corporation (initial)
$$1
6-11
.-v';7- 2
$1.25
.
Class
,
When
Share
Rice-Stix Dry Goods Co.—
12 %c
prior
4%%
5-10
(quar.)—-
(quar.)
Rheem
25c
Oklahoma
1
$$1.75
preferred C (6-a)
Montreal Cottons, Ltd., common
.
■
Co., 7 7o
5-15
•
5-10
Extra
5-15
6- 1
5-15
pfd. (quar.)
Ohio Power Co., 4V2 7o preferred (quar.)
Ohio Seamless Tube Co., common
5
6-1
$2.25
——
AA
>6-1
Reynolds Spring Co
Reynolds (R. J.) Tobacco
■
$1.75
$4.50 preferred A
$4
Class
5-24
Ohio
5-19
'■
$4.50 preferred B
2
5-
(initial)
./Name of Company
/ 5-25
37 %c 77.1- 2
■
(s-a)
Per
of Rec.
9
6-
$1!
Ogilvie Flour Mills Co., Ltd., common (quar.)
77o preferred (quar.)
Oil Co
5-18
5-
(initial)
215T
■
Holders
35c
common
•
7-21
25c
Class ''.B,:(
5-19
6-15
6- 8
'?
;
5-25
6- 1
6- 1
•
$1.50
When
,
8-1
prior preferred——
Tire & Rubber
'
•
Payable
$3.50
(quar.)
O'Connor, Moffat & Co.—
5-15
1
Per
(s-a)
pfd. (quar.)
Nova Scotia Light, & Power
Co., Ltd.—
67c preferred
(quar.)
i_—_____
Nu-Enamel Corp. (quar.)
1
6-
Leather,
-.h1
Share
preferred
Eancorporation
Northwestern
Norwalk
6-11
;
$4
■'
:
Northland Greyhound Lines, Inc.—
$6.50 preferred (quar.)
;
6-15
5-15
Water,
$2.50 preferred
6-15
5-15
5-15
•
50c
■;
5-
6-
$$1
50c
_—_—___
Mohawk Carpet Mills, Inc.—
Monsanto Chemical Co. (quar.)
j
6-.1.
7- 17-1
7-1
6-15
6-15
Co., 7%
Northwestern Public Service, 67c
7% preferred (quar.)
6-15
1
6-12
25c
$1.25
(quar.)
common
(quar.)
5-12
5-15
6-15
6- 9
6-1
6- 1
—__
.
"
" 6-
—.
Northwest
1
7- 2
7- 2
7-2
37Vic
"
,—
5-
2
6-
50c
50c
$2
50c
(quar.)
5-15
1
RR.
■;North River Insurance Co,
Northeastern
6-1
7- 2
,
$1.50
$1.50
$1.75
'
—
4-30
/
6-
■
_
Name of Company
North Carolina
5-31
5-15
25c
$1.50
.
:—-—
.6%. junior preferred (quar.)
7%.. preferred (quar.)
>
25c
'
———
Michigan Public Service Co., com. (quar.)
%
1
■
''
•
.
of Rec.
6-15
'.5-15
$1.62%
25c
—
.___
i
;
,
*.
Holders
Payable
50c
$1.75
—;
Merritt-Chapman & Scott Corp.—
6%%
When
Share
Mercantile Stores Co., Inc., common
7% preferred (quar.j-^.
•
"
1
,
h
*
*
.':[?■
■
Roller
Timken
Co
Bearing
Timm
Aircraft
(resumed)—
Tivoli
Brewing
Co.
Co.
Trane
5c
—
common
—
preferred (quar.)—-—
Universal Insurance Co.
Quarterly —;
$6
Quarterly
& Greenbush
——
——
Association (s-aj
(quar.)
RR.
Troy
—
*208 South La Salle Street Corp.
of Missouri—
Electric Co.
Union
.
Tank
Union
Co,
Car
~
.
Ltd.—
(quar.)—
United Corporations.
(initial)
_—
(monthly)
(quar.)
Bonus
6-
pfd.
$3
4%
U.
non-cumulative class A
Series
U.
Extra
(Philadelphia)
(s-a;
v;,.
_
—
U.
Pipe &
S.
—
1
2
6-15
Railway oper. revenues.
6-1
5-15
Railway oper. expenses.
2
2
6-16
Railway
6-23
5-15
Equipment rents
Joint
Net
6-23
5-15
1
Net
6-15
6-
1
Other
5-18
6-15
5-10
9-15
8-10
6%
Lithograph Ce.—
.
preferred—
& Lithograph, com,.
conv,
United States Rubber Co.—
5-15
(quar.)
U. S. Sugar, $5 preferred (quar.).—-——
6.4% preferred A (quar.)
.
7%
preferred
5-15
4-30
1
5-18
Other
9-20
8-31*
12-20
(quar.)———
Knitting Co
Utica
5%
(quar.)
(quar.)
prior preferred
5%
prior preferred
6-
1
Raalte
Van
Inc
Steel
Co.,
Vanadium-Alloys
preferred
7%
preferred
(quar.)
;
7% preferred (quar.)
Chemical
Vick
Co.
5-21
$1
preferred
Waltham Watch;
7%
preferred
7%
:
(quar.)
preferred
___.
7% preferred
(quar.)
(quar.)
—
(quar.)
Warner Aircraft Corp
4-27
7-16
7-
(S. D.)
Warren
(initial)
Co
Railway & Electric Co...
Washington
preferred (s-a)
Washington Ry. & Elec., 5%
Waukesha
Motor Co,
(quar.)
Wayne Knitting Mills common
preferred
6%
1
5-22
5-15
Extra
1
5-15
6-
1
6-12
6-
7-30
Wentworth
$1
—i
7
Manufacturing
Extra
7-
2
6-21
12-22
6-
1
Operating
Uncoil,
7%
preferred
6%
.
(quar.)______
West
Virginia Coal & Coke—;
West
Virginia Pulp & Paper—
4V2%
(initial com.) (quar.)—
Pacific RR.
V/estvaco
Chlorine
White
S.)
\
(S.
ilkes-Barre Lace
win
&
Baumer
Williams
(J.
Products
Corp.
Dental Mfg. Co.
2
B.)
6-
6-
9
9-10
912-
Net
Net
■*rr-»odall
V>.olworth
7%
pref.
Voolworth
(P.
W.)
reg.
(F.
&
(quar.)
Co., Ltd.—
(s-a)
W.)
(s-a)——_
Co.
,—
(quar.)_
"
-
cash
refund
a
the
from
U.
S.
Treasury
$1,066,000, representing an cverassesstax plus interest, thereby considerably
profits
position
the company.
Net working capital at
31, 1945, amounted to approximately $14,100,000 as compared
$13,10O,0CO at the end of 3944.—V. 161, p. 247.
of
Co.—Earnings—
1945—Month—1944
1945—12 Mos.—1944
$636,457
$7,503,445
$6,915,496
308,925
38,037
$675,349
revenues
1945—3 MOS.—1944
1945—Month—1944
General
$604,871
$212,050
$196,135
$654,410
700
700
2,100
2,100
$211,350
$195,435
$652,310
$602,771
135,143
112,439
403,262
331,480
50,442
55,882
166,463
3,839,117
511,428
3,546,105
425,731
647,648
546.241
692.900
775.347
$25,765
$27,114
$89,433
13,819
operating
161,
13,352
47,747
income
Other
it
reasons
is
not
always-
—V.
9-15
12-15
$5,147,806, and for the
months
of
1945
were
$19,702,762.
These figures include mail
and retail sales of Spiegel, Inc., and subsidiaries.
comparison with 1944 sales is submitted because only mail order
were reported In
1944.—V, 161, p. 1664.
y
5-15
5-5
6-
April,
1945,
were
^
sales
Selling,
r
1
5-15
1
7-
2
6-
from
Income
admin,
and
6-15
1
6-15
Provision
8-15
8-11
1
1
7-
6-
6-
1
5-16
5-15
5-
1
for
Net
Preferred
♦Net
6-
1
for
the
taxes
1,208,340
1,222,100
4,865,747
2,672,900
$2,699,400
$2,163,519
225,000
225,000
948,983
790,819
$0.78
$0.61
period
—
)
share
common
:
5-15
Note—Depreciation included in cost of goods
6-12
6-
2
6-12
6-
2
5-15
4-16
5-15
4-16
6-14
6-
4
5-15
5-
1
and
of
this
5-15
5-
1
8-15
8-
1
at net
arriving
$.578,064
$519,010
3,163,277 shares
period-—
for
preferred
dividends
2-15-46
2-
1
5-15
5-
1
8-15
8-
1
11-15
11-
1
Standard Oil Co. of California
1
2-15-4G
2-
6-15
5-15
5-29
5-
8
5-29
5-
8
6-11
Quarters End. Mar. 31—-
Operating
income
Dividends
received
Other
miscell.
(& Subs.)—Earnings—
1942
1943
1944
1945
net
$25,083,484 $16,753,610 $12,873,925
159,443
173,563
154,659
184,134
1,284,159
400,461
426,928
494,592
$26,829,795
income—
income.—_
6-
1
5-15
1
5-10
5-15
4-30
6-
1
5-15
5-15
5-10
5-15
5-5
5-15
5-
5
6-
1
5-11
7-
2
6-
1
6-30
5-15
12-30
11-15
8-
1
7-16
8-
1
7-16
11-
1
10-15
1
10-15
7c
25c
5-15
4-28
6-15
5-26
6-15
6-
6-
5-21
6
1
•*.
3%
6-
7
5-
40c
6-
1
4-20
3
Deprec., depl. &
Int.
Fed.
on
Consol.
Earnings
—V.
tax
amort.
$17,335,198 $13^552,652
9,397,588
6,387,639
5,108,387
237.313
237,312
237,313
8,200,000
3,800,000
2,750,000
10,173,032
profit—,
5,000,000
$12,863,052
$7,822,607
$6,410,246
$0.99
$0.60
$5,456,552
$0.42
$0.49
share—
per
161, p.
237,313
(est.)—
net
Co.
has
stock,
been
$100
For
registrar
for
offering,
appointed
par.
see
Hanover
Bank
-
St. Louis—Tenders—
Trust
&
Co.,
corporate
bids
4%
the
for
sinking
sale
fund
to
be
made
July
on
it
gold
110 and interest
of
$100,000
bonds
to July
1.—V.
due
1,
161,
of general
Jan.
1945.
1,
*
trustee,
70
on June -5,
1953,
mortgage
at
prices
Payment of accepted
147.
p.
Earnings—
1945—12 Mos.—1944
1945—Month—1944
$1,081,163 $14,164,488 $12,927,740
452,607? 7 6,139,932
5,501,892
Federal
taxes
taxes
Prop. ret.
Net
'
2,564,419
1,989,136
73,641
83,333
845,970
986,667
1,000,000
$299,723
$258,378
$3,647,500
$3,591,495
(net)
income
inc.
after
Dividends
;
213,204
71,599
70,000
income
Gross
Net
208,456
approp._
revenues-
oper;
Other
___!.
;
res,
$304,672
—
int.
chgs.
V
53,403
33,385
$262,051
$3,700,903
$3,624,880
107,483
1,837,421
1,776,775
375,678
375,678
4,949
3,673
•
.
147,774
applicable to preferred stock
Calls 5%
Bonds—
845,217
:
All of the outstanding first mortgage 5% gold bonds, due I960, have
been called for redemption on June 8, 1945, at 103 and Interest.
Pay¬
ment will be made at the Bankers Trust Co., trustee, 16 Wall
Street,
New
York, N. Y.—V.
161, p. 2041.
Texas Power &
Light Co.—To Refinance—
The SEC will hold a
hearing May 11 on the joint applications filed
by American Power & Light Co. and Texas Power & Light Co.
Trans¬
actions proposed by the companies include:
American's transfer to Texas of $8,500,000,
to
capital surplus;
retirement
of
use
bonds,
of
Texas'
Texas'
treasury
reclassification
debt
present
cash,
the
sale
which Texas would credit
of certain accounts,
and
the
aggregating $43,650,000 through
the
$31,500,000
of
315.
of
first
new
mortgage
ten-year serial
due in 1975, and the sale of $2,500,000 of 2%
payable in annual instalments.—V. 161, p. 1922.
Thermoid Co.—Offering of Bonds and Preferred! Stock
—An investment
banking group headed by Blyth & Co.,
Inc., and Estabrook & Co. on May 10 offered $3,000,000
first mortgage
3%% bonds. At the same time Blyth &
Co., Inc., offered 19,533 shares of $2.50 cumulative con¬
vertible preferred stock
Standard Oil Co.
The
directors
(New Jersey)—Extra Dividend-—
extra dividend of 75 cents per
share and the usual semi-annual dividend of 50 cents per share oh the
capital
May
15.
stock,
Like
on
par
declared
May
1
$25,
both
amounts
an
payable
June
12
to
holders
of
record
werei, disbursed on June 12 and Dec. 12, last
year.—V. 161, p. 1888.
fl
Steel Spring Co.—Special Offering—A spe¬
offering of 50,000 shares of capital stock (par $1)
was made on the N. Y. Stock Exchange, May 4 at $10%
per share, with a commission of 35 cents by Goldman,
Sachs & Co. The issue was oversubscribed in the elapsed
time of 5 minutes. Bids were received for 117,488 shares
Standard
15, 1960,
were
($50 par). The bonds, due April
priced at 101% and accrued interest and
the preferred stock at $55 a share.
Net
for
proceeds
of-the
redemption
of
combined
$2,406,000
sales
of
•
will
4»/4%
be
used
bv
.
the
company
first
mortgage bonds,
due
Oct. 15, 1.958; for repayment of $600,000 of demand notes of Thermoid
Textile Co., whose entire capital stock is owned by the
company
and
for: the7 additions -to
operations.—V.
working
capital
for
anticipated
expansion
of
161, p. 2042.
cial
and
allotments
were
were
made
on
a
basis of 42.6%.
There
(John R.) Thompson Co. (& Subs.)—Earnings—3 Mos. End. Mar. 31—
"Net
Earns,
shares outstand'g
per
"After
p.
1944
1943
1942
$3,773,795
$3,601,171
$2,952,456
108,764
163,154
211,623
34,917
296,300
296.300
296,3C0
296,300
$0.71
$0.12
profit
Com.
177 purchases by 51
firms; 13,015 was the largest
allotment, 20 the smallest.—V. 160, p. 2336.
1945
'$3,757,720
Sales
2654.
com.
share_
depreciation,
'
-
Federal
$0.37
and
*
>
*'
-
$28,273,397 $25,657,508
long-term debt.
inc.
Trust
544,251
based on
5-29
6-
receive
exceeding
notes
Total
956,420
t
$1,194,029
a
1249.
P.
&
preferred
expenses
comparable accounting basis with 1945, $1,826,000
would have been reclassified as "Selling expense."
tOn
1
11-
the
amount
161,
before
accounts
for
allowance
outstanding.
—V.
11-15
other
income
-
"After
Bank
cumulative
revenues
'
per
'
956,433
110,375
profits tax
income
excess
dividends
income
paid—.
Operating
$6,168,895
132,275
dividends;
Common
28,283
$1,166,481
26,250
1584.
Central
Other
Federal
income
78,622
$1,258,813
Operating
275,772
$8,905,763
—
Federal
3,064
$121,937
Texas Electric Service Co.
$5,893,123
406,782
charges
for
Prov.
3,138
Period End. Mar. 31—
7,472,588
$8,498,981
operations..
5-16
7-
(int.;_
1944
9,450,894
expenses
gen.
income
Income
2,694
$1,194,764
dividends
offers will
1945
.
credits
Gross
1
5,084
$1,337,436
$101,453
p.
refunding
5-15
6-
.
1945,
48,463,765 142,393,271
sold
advertising,
Profit
5-18
6-
171
$125,002
Terminal RR. Association of
$66,413,640 $55,758,981
—
goods
440
$104,591
Chemical
The
(& Sub&.)—Earnings—
3 Mos. Ended March 31—
of
(net;
dividends
5%
not
Cost
$1,192,070
Broadway, New York, N. Y., will until the close of business
5-15
1
5-31
;
for
sales
net
Standard Brands Inc.
/Net
$1,332,351
161, p. 2042.
Spiegel, Inc.—April Sales—
6-15
2
$124,830
Tennessee Gas & Transmission Co.—Registrar—
5-11
7-
$104,151
deducts
161.
The
6-15
10-1
430.000
income-
arrvnge
5-11
1-2-46
480,000
income
Common
mechanical
5-10
,
35,833
income
Income
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
No
40,833
oper.
Preferred
sales
72,500
accruals
income
Net
to
Income
46,930
131,900
on
reserve
Utility
>»"
possible
53.917
50,065
Federal taxes
6-15
:
taxes
Retire,
1888.
p.
~
55,806
——
181,858
$82,585
348,140
Maintenance
6-11
$1
Inc
Co.
Governor
Co.—Earnings—
order
$1.50
>—,
excess
the
Operation
four
15c
Corp
BankShares Corp.
$0.07
$0.64
received
approximately
1941
Operating
5-15
25c
Crampton
67,514
$85,927
share
common
company
of
Tampa Electric
7-16
$25c
...
454,719
$643,471
Period End. Mar. 31—
1
25c
.
^
Industries.
^"aodward
interest
credited
2040.
161, p.
1
$1.50
.
taxes..
11,445,893
6-
11-
V'ixonsin
8,902,408
4,342,644
3,615,726
8-
$$2.50
$$2.50
taxes.
March
taxes
Consolidated
$1.50
.
&
539,766
Income
-V.
1
25c
(quar.)
common
Winnipeg Electric Co. 5% non-cum. pfd
5% non-cum preferred——___;
V.'insted Hosiery Co,, common (quar.)
W'nters
539,766
of
Gross
1
12-10
75c
75c
preferred
(quar.)_
^'llliamsport Water, $6 preferred (quar.)
V'tlsil, Ltd. (quar.)
:
Common
150,914
Operating revenues
Operating expenses
1
10c
Manufacturing Co. (irreg.)
Extra
179,922
,
NOTE—For
30c
—..
Candle—
Co.
improving
rev.
5-18
35c
(quar.)
(quar.)
income
February
ment
5-31
.
before
income
870,075
6-20
—
$153,441
10,036,051
V.
—
1944
$1,098,190
629,371
5-21
75c
1029.
p.
1945
•
operations
income
for
7,733,271
1
„—
$0.25
161,
514,727
285,897
6-
75c
Common (quar.)—
——75c
Common
(quar.)
75c
5% preferred A (initial quar.)
$1.25
5% preferred A (quar.)
$1.25
5% preferred A (quar.)
$1.25
5% preferred A (quar.)—$1.25
Westinghouse Air Brake Co.___
25c
Westinghouse Electric & Mfg., common—
$1
7%
participating preferred
$1
Veston Electrical Instrument Corp. (reduced)
40c
V/eston (George), Ltd. 4V2% pfd. (quar.).
$$1.12%
(quar.)
Common
$103,062
$0.231
$0.22
$668,163
income per
the
$1.12%
(quar.)—
preferred
Western
_.
$94,862?'
$91,195
stock.—V.
common
493,553
3,905,833
5-15
$1.50
$1.75
25c
/
pfd. (quar.)
from
Department
1
75c
of
$1,591,743
289,678
revenues
oper.
11
50c
—
West Penn Electric Co.,
Net
5-16
6-
$1
(s-a)
<
_
Net
6-
25c
;—
55,500
—_
3,146,126
cos.
P. Co,—V.
by .S.
60,000
81,700
advertising, shipping and general, exps.
income
in
income-
Inc.—
(quar.)——
preferred
West Indies Sugar Corp.
affil.
net
Operating
Co.—
(quar.)
Snowdrift Co.,
convertible
$4
3,930
Net
P.
Period End. Mar. 31—
5-28
1-2-46
5c
———
.....
preferred
conv.
Wesson Oil &
S.
54,000
68,400
Inc.—Earnings—
Provision
7-20
6-
t$1.75
10c
—
Engineering Co——
——...
270
4-30
6-
50c
$1.50
—
(s-a)
Wellington Fire Insurance Co,
Wellman
27,722
56,400
profits tax
excess
29,754
Southwestern Associated Telephone
2
5-26
6-11
10c
20c
50c
$9
$2.50
25c
...
Warren Petroleum Corp.
6,222,760
60,038
1943
$218,562
179,480
5,793,286
t25c
$1.75
$1.75
$1.75
(quar.)
Common
164,165
1,310
1,927,663
notes-
of
16,471,975
13,751,030
2,067,500
11,318
57,941
1944
$230,562
tax
—
profit
Selling,
t$l
Ltd. (quar.)
Gooderham & Worts, Ltd.—
t
do not include the
1945
income
Quarter Ended March 31—
Gross
6,049,850
63,889
5,159,452
.
debt
5-11
5-19
$20c &
Waite Amulet Mines,
(H.)
2,128,506
15c
_
...
for
r
$215,995
normal
322,056 shares
14,343,469
1,281,450
P. RR. Co. of Mexico.
tCredit, representing
certain bonds of solely controlled affiliated companies not
income
V
1944
—
the
"On
37'/2c
preferred (quar.)
Manufacturing Ccrp
Walker
12,469.580
986,926
-i
"Excluding S.
to
and
1945
profit
Fed,
surtax
with
Consol.
provisions
and
taxes
113,276
■
9
6-
Virginian Railway—
6%
5,062,924
fConsol. adjustment
6-15
$1.23
stock
capital
contingencies.
Net profit
"Earnings per common share—.
50c
$1
$1.25
(quar.)———.———-
Virginia*.Coal & Iron Co. (quar.).——
Virginia Electric & Power Co, $5 pfd, (quar.)
Vogt
78,978
4,668,781
Transp, System
income of solely
5-31
6-11
$1.75
$1.75
$1.75
(quar.)
(net;
charges—
income
Vapor Car Heating Co., Inc.—
7%
215,509
and
51,412,680
31,272,278
5,362,913
433,021
charges—
controlled
on
40c
75c
v—-
2
7-
62V2c
62tec
...
108,494
for
Prov. for Federal
"Net
6-15
6-15
10c
$1
Co.
Products
Radio
Utah
5,472,746
490,671
and
fixed
Net
11-30*
6-20
$1.50
50c
25c
62J/2c
Universal
27.694,930
2,093,356
income
funded
Contingent
5-31*
y
Paper 6% prior pfd. (quar.)..
Consolidated Oil Co
Universal Insurance Co. (quar.)—
...
Universal Laboratories, $2.50 pfd. (quar.)—
United Wall
45,852,765
10,160,477
income
on
4-30
$2
$1
$1.75
$1.25
40c
non-cumulative 1st preferred—
United States Steel* Corp., common—.—.
8%
rents
oper,
—bonds
2c
30c
.
17,425,251
1,925,254
(net)_ *
Miscellaneous deducts.
Interest
and
3 Months Ended March 31—
52,655,310 151,095,101 153,427,483
35,230,059 105,242,336 102,014,802
income
Total
4-30
62 (/2c
50c
States Printing
ry.
and
" $151,015
$1.09
$0.59
,
774.
p.
Talon
1
1
adjustments
161,
Prov,
$
6-20
6-
income
State
Operating net
1945—3 Mob.—1944
^
11,207,883
accruals—
tax
facil.
6-15
,
Transportation
53,694,642
35,813,746
revenue
7-10
7-
$2,104,940
1,953,925
estimated
Federal excess profit tax credit;
In the first three months of this
year this amounted to $20,000, or 18 cents a share on the stock,
and
in the corresponding period of 1944 it was $65,000, or 57 cents a share.
6-15
7-
-
845,175
$67,324 .1..: $123,612
113.276
113,276
share
per
post-war
17,880,896
7-
6-20
266,300
etc.——.
profit
"Includes
Controlled Affiliated Companies)
Solely
5-15
7-
6-
taxes,
Note—Reports for both
of
Earnings
—
1945-Month—1944
6-
Machinery (irreg.)
Foundry (quar.)__
26,700
(James) Talcott, Inc.—Earnings—
Period End. Mar. 31--
U. S. Printing &
United
Co.
$
5-15
40c
40c
Quarterly ——.i———40c
Quarterly
———
40c
U; S. Playing Card Co. (quar.)
50c
u. S. Potash Co.—
———;—
50c
„U. S. Hoffman
6-15
10c
;
(irregular!
B
Loan Society
S.
Corporation and
Separately Operated
(Incl.
5-15
2
Power Shares, Inc.—
Electric Light &
S.
Pacific
Southern
,
5-15
1
7-
50c
50c
non-cumulative class A——
4%
1943
$7,414,609
2,071,156
33,794
1944
.
$5,367,619
942,087
$968,787
——
—V.
4
6-
;
6,375
—
4
5-
6-
68%c
22»/aC
(s-a)
preferred
Casualty, 45c conv.
S.
(quar.)
(accum.)
& Canal Co.
Corp.,
preferred (accum.)—
$2.75
U.
Util,
Public
161,
.
$333,624
income
—
System—
15%
2Vi%
$2.50
75c
(final)
lord, reg.)
1945
$3,150,866
327,249
___—_
"Federal
(Continued from page 2116)
5-24
5-
5-31
of
Divisional
;/;r
"■ >
.
income
Total
Investment News
4-14
9
5-15
$1.25
—_—
United New Jersey RR.
United
5-18
"
—
Other
5-18
1
5-15
50c
___
Molasses Co., Ltd.
United
1
6-
United Merchants & Manufacturers—
preferred
General
5-21
5-15
,
,
charge
o
Net
6-
25c
sales
Earnings
5-21
1
.
in
formerly
was
of the Stearns division.—V.
Manager
Quarters Ended March 31-
5-15
6-
1664.
■
He
division.
^
President
Vice
elected
been
Co.
&
General
Superior Steel Corp.—Earnings—
Canadian non-residents' tax.
5-15
1
:
and
Shares outstanding—
1
6-15
and
has
Stearns
resident
6-
58y3C
58V3C
53c
53c
50c
preferred (monthly)
6% prior preferred (monthly)-.
5%
4-30
Hiebert
Mark
President
1888
pp.
JPayable in Canadian funds, tax deductible at the source.
Non¬
tax, 15%; resident tax, 7%.
a Less British income tax.
4-30
5-15
$1.75
prior
Vice
Operating profit
for this dividend.
closed
not
books
tPayable in U. S. funds, less 15%
J.
Frederick
the
;
Jamaica income tax.
Less 30%
x
♦Transfer
5-15
j5c
prior preferred (monthly)6.36% prior preferred (monthly) —
prior preferred
6-19
7-
+37c
2oc
50c
7%
6.36%
5-31
2
6- 1
6-1
6-1
5-19
6- 1
5-19
6- 9
,
Net
11-10
6-15
$1.25
—
■ —
common—________
;
Dr.
8-10
11-15
.
prior preferred (monthly)
6%
5-21
•5-10
8-15
6-
.
Foundry Co., common
7% preferred (quar.)_,
United Light & Railways Co. <Del.>-—
7%
1
5-15
27l/2c
United Engineering &
Common
(L. A.) Spring & Wire (quar.25c
Youngstown Sheet & Tube Co., common.*,;
50c
5'/a% preferred (quar.;
$1.3lVz
Young
$1.25
25c
Class A
Electric Coal Cos
$1.50
Wrigley (Win.), Jr., Co.,
1
50c
(quar.)
5% conv. pfd. (quar.!
United Aircraft Products, Inc. com. (quar.)
5>/2% conv. preferred (quar.)
United Biscuit Co. of America, com. (quar.;..
5% pieferred
(quar.)—
——~—
United
3
v
United Aircraft Corp.,
$1.12,/2
50c
5-
5-
6-
$1-25
$1.12 Vi
——:-r—-
preferred (quar.!—
$4.50 preferred (quar.!
$5
6-20
6-15
6-15
6- 1
1 6-15
6-15
7-1
5-15
$1-50
25c
25c
25c
$1.75
V
50c
—
(quar.;
Trinity
5-12
1
37'/2c
$l,l2l/a
;
Sterling Drug Inc.—Official Promoted—•.":.
of Rec.
Payable
5-15
25c
20c
Co.—
4-25
Holders
Share
Name of Company
Worthington Pump & Machinery, common—
4 V2 %
prior preferred <quar.)_
V/2% conv. prior preferred (quar.;ii—
5-18
6-
15c
(s-a)_
Tank H Pump
Oil
Tokheim
5
5-15
6-
50c
—
0f Rec.
Payable
When
Per
H older $
When
;
per
Share
Name of Company
Monday, May 14, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2152
,
$0.55
State income
taxes,
etc —V
-
160
THE COMMERCIAL & FINANCIAL
Number 4385
Volume 161
maturing
Offered—
4% cumulative pre¬
May 9 by a banking
group headed by Smith, Barney & Co., New York, and
McDonald & Co., Cleveland, at $107 per share and ac¬
Thompson Products, Inc.—Preferred Stock
The bankers have also
crued dividend.
The
C.
V.
the
preferred which is callable at $107 and accrued
$900,000 of 2% 7c-notes dated Feb. 24/ 1941, and
additional working capital.
Trask'&
stockholders
The
the
approved
ferred
Tide
the
of
issuance
stock.—V.
2
announced
plan
a
Jan.
Gross
60,000
Deprec.
about
of
share,
a
8
and
$975,308
normal
Federal
excess
for
$487,449
54,415
53,961
$1,029,723
190,597
$541,410
51,314
physical
pioperty__
34,449
charges
tax
64^725
conting.
&
adjustments...
Earnings
share
Balance
.
Instalment
Other
accounts
Balances
relating
Cash
directly
(restricted)
be
Accounts
receivable
Other
reimbursed
(U.
by U. S.
S.
(and Leased Lines)—Earnings—
(Excl.
oper.
expenses
from
ry.
rev.
♦Taxes
—
15,210,086
10,965,062
oper.
—
9,366,619
Equip, and joint facility
rents (net) „666,482
inc.
Acct.
(at
2,471,223
2,329,952
977,403
of
$3,420,598
$8,848,665
36,618
1,083,974
3,432,148
(less
res.).
193,472
deferred
Total
income
_______
4,797,314
4,504,572
12,280,813
1,173,905
3,397,589
14,968
204,674
127,408
1
etc.—
_____
Net-inc..'(all
soruces)
3,667,140
•
.
3,330,667
collected
♦Incl.
Fed.
and
income
-
profits taxes—
161, p. 1471.
9,000,000
excess
—V.
Balances
7,500,000
Income taxes
to
account
of
Deferred
(& Subs.)—Earnings—
Quarters Ended March 31—
1944
1945
1943
\
$
5%%
$
and
service
165,516,133 215,280,014
_
other
and
income
424,267
income
transformation
for
186,540,279
—V.
161,
1,354,468
266,558
inventories
for
550,326
!
502,323
522,942
336,088
Interest
bank
cn
fFcd. income fiz
United
6,676
50,559
135,844
N.
J.,
May
10,544,788
13,797,179
11,561,832
U.
S.
Steel
income
for
ouarter—
6,481,196
capital stock outstanding—
Earnings per share
♦Less
to
charged
and
in
1943,
4,06u,62S
$1.21
retirement:
reserve
$903,127
$45,892 in
and
$766,156
does
4,050,750
its
2,656,691
received
in
from
plant
facilities
1945,
51,354,468
the
United
include
not
contracts.
in
1944
States
tAfter
and
$1,065,765
in
$865,227
amortization
in
of
1943, equivalent to
Government
post-war
$1.40
1945,
1945, $401,123 in 1944, and $1,098,648 in
reimbursement
under
refund
of
1943.—V.
emergency
$1,011,371
161,
in
10%
reduction
to-ccast
Pacific
and
Air
United
discounts
The reduction
10%
fares
one-way
Coast
Lines
round
on
of
in
system
which,
May
on
the
at
between
cities
1
financial
272,970
issued
such
is
second made
the
by United since the
having been made July
York
shares
and
cial
issue
of
charter
become
that
15,
the
film
the
a
to
the
10c)
1943.—V.
shares
on
Feb.
to
the
161,
war's
p.
be
adopted
of Prior
listing
of
the
to
be
amendment
added
amendment
offi¬
upon
effective, and
share), of a total
(par
shares
after
and
to
shall
be
to
J..W.
(par
May
15,
of
stock
Dart,
30c).
1945,
A
a
resolution
be
(par
changed
30c
into
the
upon
adopted
and
,
declaring
and
a
proposed
whereby
from
each
of
6,000,000
share
of
a
of
from
that
stockholders
the proposed
of
new
has
been
amendment
duction
United
name
taken
to
to
Drug,
of the
Inc.,
the
parent
concern,
on
United Drug
Co., its operating
Drug Co.
This action,
company's trademark—"Rexall''
160, p. 2337.
United-Rexall
make
the
United Public Utilities Corp.—To Redeem Bonds—
corporation
interest,
all
series A,
has
of
and
called
as
near
always
alphabetical
alphabetical
the
redemption on July
outstanding $2,233,200 6%
$3,241,800
5%%
March
161,
stock,
the
collateral
trust
1,
next,
collateral
bonds,
of Annual Report
corporate
simple
the
a
motion
new
presentation
the
of
has
terms
trend
a
in
each
at
103
trust
series
B,
by. this
life.
of
been
continued,
public to "see"
invested
film
In
the
of
owners
its
and
in
this
its funds
how
to stockholders'
into
this
a
pictorial
the
manner,
corporation
savings.
likewise
is
picturization
The
film
represent
story
of
translated
tends to
production
reporting
is
the
and
$100
the
bring
extent
from
home
in¬
of
S.
points
Steel's
out
pro¬
recitation
a
the
mortgage
of
the
of
will
be
Corp.—Earnings—
.1945
$7,190,659
cents
990,933
710,600
$126,172
$181,333
$0.25
_______
shares
5
1644
$4,769,967
——442.172%'
profits tax
316,000
____________
$0.43
:
shares.
profit
$32,144f
was
share
a
the
in
2
or
quarter
cents
ended
share,
a
March
31,
clearly
more
other
costs.
in
of
S.
groups
funds
in
plans
it
was
remained
the
employees and
of its
showings throughout the
various
items
to
film
shown
paid
of
for
of
cost
out
how
each
for taxes,
dividends,
the
future
film
the
way,
$100
labor,
only 3
needs
it
161,
for
p.
the
a
cents
of
the
Annual
limited
States
Plywood
Corp.
—
Report"
number of
Common
Stock
stock. Associated in the offering are Leh-z
man Brothers; Merrill Lynch, Pierce, Fenner & Beane;
Smith, Barney & Co.; Hemphill, Noyes & Co.; Shields &
Co.; Union Securities Corporation and Hornblower &
.
is
in
the
manufacture
and
sale
of
Douglas
fir
plywood, hardwood plywood, molded plywood, fabricated
fabricated metal covored plywood, low-pressure molded
other laminated and related products and is also en-
parts,
and
engaged
Sept.
last.
in
1944
paid
the
1,
50
cents each;
last
$5
to
the
year,
value
$10
each,
par
of
the
following1
and Nov.
shares
common
of
1,
was
by the transfer of $646,405 from surplus
Income,
Years
Ended
Dec,
31
1944
Net
;
-
1043
sales____—$12,676,274 $14,033,939
Cost
of
eral
sales,
selling,
administrative and gen¬
including orovision for profit
expenses,
before
Operating
depreciation————
Allowance
profit
10,006,956
11,165,138
depreciation.—$2,669,318
for
before
$2,868,801
depreciation.——
Provisions
for
refund
for
(net)
51
profits
excess
e* nsq
of
$137,700
397,700
tax,
1944
for
1,212.900
$716,539
$776,495
v'
less
and
1943
conting. arising out of
400,000
1,239,300
for. Federal
$134,700
Prov.
289,817
264,501
Discount and other non-operating charges
Provisions for Federal income tax
Balance
of
conditions
war
inc.
transferred
to
125,000
earned
surplus
dividends—^__
Preferred
Common
82,166
♦B'^sed
258.192
on
323 903
share.—$2.46
common
tAfter post-war
96.772
323.203
dividends
Earnings per
shares
refund
in
1044
anri
of $137,700 in
on
1944
129.281
and
85,26
shares
$134,700
Balance
in
in
1943.
1943.
Sheet, Dec. 31
Assets—
Investments
Accounts
for
in U.
pnd
S.
Govt.
31,
„
s*cnr;tfes.
receivable,
""counts,
of *34.599
Dec.
hand.
on
notes
doub'tul
at
less
dbcoimts
at Dec.
of
1,375,007
reserves
pPow-
a"d
31, 1944, and $37,500
7P4.7S1
first
J .and.
1,887,646
1943—
redemption
pfd.
1.
843 711
1,610,857
with
March
stock
agent
cal'ed
1945
refund
for
for
redemption
on
contra)
of Federal
1,127.104
excess
profits tax—
4l5.?no
"
97,813
machinery and equip., at
gross
'j—
and
expenses
other
>
retirement
at book amounts
♦Bu'ldiocs.
.' $875,714
1.350,433
$1,399,92.3
at cost—
Inventories
DenopR
1949
1°44
in banks and
Cash
——l,6rn
deferred.
.
,
277 sno
97,813
book
items__^_
j boo /
71,993
142,562
$8,552,332
$7,367,824
$ierr n*»4
$89 P64
171.913
Total
184 095
IR0.243
II7.043
I.iabi'fties—
trade.;—1 —L
*alpri^\ weos and commissions
Accounts, povph'e.Accrued
Accrued
torn,t.
o«h#»r
t«vo<! a"d
for
Ped.
ci'Tent
fn-
7f'r
"
History
and
Business—Corporation
was
organized
in
New
York
May 6, 1937, by the consolidation of United States Plywood Co., Inc.
(New
York), United States Plywood Co. of Delaware, and Aircraft
Plywood Corp (Washington).
(softwood)
1,
company
Of¬
common
1
March
on
the
and
l
amounts
1923.
fered—An underwriting group headed by Eastman, Dil¬
lon & Co. on May 9 publicly offered 100,000 shares ($1
Weeks.
stock,
June
1,
t
Prepaid
United
made
was
par
of
from
Post-war
"Behind
a
dividend of 40 cents per share on the
$j.0, payable June 1 to holders of record May 16. A
the
V.';:
release
country.—V.
another
is
After payment
1944
show
to
in
1944
0;%
Steel
$5
October
pnres
which
in
sequence
corporation
received
the.
of
Co., Inc.—To Pay 40-Cent Dividend—
Statement
of
effort.
war
:
■
disbursement
the
into
of
years.
animated
an
each
afforded
these
came
plastics
loan
allotments
for
cross-section
a
U.
of
statistics,
parade
of the use of its products in
of
explain
airplane
and
specific
any
Steel's
S.
story.
purchases
U.
Forest
capital account
corporation
U.
brings to life the cold facts and figures
report of U. S. Steel's operations for
cornoration.
'
make
quarter net
March
sharing,
of
written
walks
all
visualization
that
Siuslaw
:
changed
its. sales.
continuation
a
when
report,
Report,"
Annual
offers
building
a
of
approximately $170,000
N. Y., for which the
508.
par
old
post-wcr
in
method' of
To
Bronx,
directors have declared
On
U. S. Steel's
job during the war.
"Behind
Report" employes animated graphs to tell the corporation's
In one sequence, five white-hot steel ingots represent
money
the corporation received for the years 1940 through
1944.
By
animated division
of
these ingots,
or
columns,
a
comparative
in
to
excess
or
p.
similar distribution
to
corporation permits the
the
a
Company
for
from
year
achievements
enormity
par)
Co.—Changes Name—
of
the
into
and
America
the
and
$41,418,
common
shares
common
share
.
part of the corporate name.—V.
bonds,
against
not
story for 1944 into a visual
use made of the funds which
transformed
vestors
to
advisable
be
one-third
special meeting
action upon
/-
to
company
to take
.;
President
was
will
changed
subsidiary, has been changed
stated,
the
shares
be
May 1 announced that the
and
is
exact
Corp.—Story
portion of its report devoted
clearly
of
list
the
its
the
found
is
financial
become
30c per
authorized by the
such
charter
will
United Drug
The
instance,
This
properties
on
the
$200,000
including generat¬
$170,000 to the
estimated
an
to expend
In
negotiated
now
306,386 class B
on
the
dividends:
the Annual Report"
.figures to
j923.
the
have
shall
stock
be
to
161, p. 1923.
was
start,
,
authorized
shall
16, 1945, adopted
common
10c)
stock
common
it
has
company
amendment
to. 3,000.000
(par
called for
—a
5%
stock (par $20), all of which are
total authorized issue of 318,235 shares,
the list upon condition that the amend¬
common
company,
authorized
<par
2,336.330
♦Based
disbursed.
The
effective.
amendment
stock
of
of
3,000,000
of
Exchange
added
the
shares
Directors
—V.
be
effect
preferred
of
notice of issuance
official
the
prior
charter
notice
1,903,208
of
to
the
to
Stock
outstanding,
shares
ment
in
always
are
it
reasons
something new in a
"Behind the Annual
represents
story
are
of
.
New
in
re-established
trips.
United Cigar-Whelan Stores
Corp.—Listing
Preferred and Common Stocks--^ '
The
coast-
placed
was
time,
same
its
already
_____
For
of
1944.
over
warehouse
a
2,000
■''^
;;'• '•
,
approximately
unit,
power
and
plant
Income
the corporation, at their annual meeting at Hoboken,
and
during
which
United Air Lines, Inc.—Cuts Fares 10%—
cut
1,427,936
1,046,450
reporting to its stockholders which began a few years ago
when its annual report underwent a broad
revision in favor of sim¬
plification of the yearly income statement.
The translation of its
new
new
plans
of
charges—.
■
viewed
7
film
method
are
1704.
p.
Steel
presented
production
The
"Behind
a
1,095,082
2,453,605
companies
arrange
translating
2,656,701
$1.40
3,547,781
2,656,701
Shares
by
to
stockholders of
profits taxes
loans
excess
8,944,837
a
Company also
Van Raalte
States
9,207,325
picture
A
1,031,450
1,095,082
—
185,000
Reviewed in Motion Picture-
________
expanses
plant
profit
♦Earnings per class B
In
amortization
&
($2,677,859)
of
"■
proceeds, but it is anticipated that the bulk
company's working capital,—V. 161, p. 2043.
after
$1.
____________________
deprec.
administrative
1944
215,000
($50 par)
mechanical
However, they
as possible.
position
Engineering, development, selling &
proceeds
Algoma
veneer-cutting
the
Net
1472.
p.
order.
323,232
Jaffray & Hopwood
\••
,
4,000
Co.
3,000
———
The
1,065,764
&
the
of
to
Federal
expendable tool and supply
excess
Net
6,959
adjusts.
—___
possible
1,011,371
415,149
net
1,683,776
1,427,259
NOTE—For
post¬
McConnick
Co
$14,205,241 $13,901,374
135,918,2.74
Plant rearrangement & retire, losses
Prov. for write-off of proportion of
♦Prov.
3,189,469
1,496,018
Total
610,931
Piper,
installation
Universal Cooler
2,920,571
par),—
surplus
&
6 Months Ended March 31—
159,875,981
L:
conditions
war
to
600,962
140,684,020
sales.
of
Prov.
95,496
165,941,052 216,067,157
Total
Cost
186,181
3,000
■
the
impracticable
1944.—V.
652
a
Inc.
has
is
Profit
surplus-.
Earnel
147,392
from
.licensees—-
Other
159,169,553
of
to
Sales
contracts
preferred stock
($5
the
5,000
5,000
1,685,932
6,959
conv.
stock
Capital
9,000
in
erection
added
Gov¬
emergency
post-war contingencies and
cumul.
Common
Sales of aeronautical products, parts
Royalties
the
balance
1,097,049
171,292
credits
Reserve for
Weeks—
4,000
7,000
It
contracts:
on
&
Co.—
California Co.__!__
Dean Witter & Co...—
7,000
devoted
com¬
respec¬
First
;
company
—
1,880,753
—
Accounts payable and accrued accounts.—__
United Aircraft Corp.
&
Corp
be
the
Shares
Hornblower
Riter
9,000
Kebbcn,
applicable to un- >■/
receivables
directly
of
by them,
Name-—
26,000
Otis
erection
to
—■
relating
Advances
underwriters
underwritten
7,000
equipment
1945,
the company.
of
several
shares
9,000
Securities
1,
,
________
Co
April
$90,000.
profits taxes estimated
within one year„_.
instalment
ernment
20,000,000
23,000,000
/
of
—_
Products,
$14,205,241 $13,901,374
...
excess
payable
Federal normal
8,535,452
8,883,224
and
funds.'
treasury
the
of
numbers
Beane
ing
'
>,
payable (banks)—$600,000
Accounts payable and accrued accounts.——
907,252
become
the
+699,864 shs.
about
or
stock, series A, and 196
series B, redeemed through
tAn additional 900 shares
stock,
Shares
Brothers
will
1
-
in
held
names
on
preferred
respective sinking
are
♦9,804 shs.
1,500,000 shs.
retirement
cumulative
follows:
as
&
*"14,412 shs.
B
Lynch, Pierce,
Union
1
goodwill,
Income
4%%
the
Purpose—Of
_
Liabilities—
3,523,077
141,685
Barney & Co
Hemphill, Noyes & Co.—
266,682
contracts—,
Total
12,058,529
1,130,174
and
&
Outstanding
15,000 shs.
cumulative preferred
Smith,
Notes
Fixed and other charges
of
of
A
series
to
to
share
shares
$675,000
series
also
(b)
each
1,319,035
171,146
for
100,000
of
par)——„
effect
stock
are
Fenner
charges:
Govt,
emergency
stock,
stock
the
10,000 shs.
the
of
stock
Merrill
18,719
1,339,470
common
of
Shields
contracts
,
properties
Name—
28,070
1
3,079,593
sale
year—
Eastman, Dillon & Co
73,000
19,309
of
common
the
instalments
one
stock,
stock ,($1
Lehman
105,985
Investments in, European subsidiaries
$8,978,936
1,218,772
pfd.
giving
common
tively,
61,970
funds.
to
;
shares
294
mon
178.000
*-
(c)
stock,
Underwriters—The
1,603^959
71,000
amount
share of
one
par)
♦After
on
3,578,542
1,414,998
$757,407
authorized
(less
pfd.
cumul.
Common
790,538
Patents,
ments & other sources
1,358,998
$878,742
par)
4%%
554.928
105,985
reserves)
invest¬
from
($100
1,985,333
——'
Other
767,372
2,148,233
and
certain
on
cumul.
operation
cost)
Govt,
emergency
Account
2,757,762
the
within
3,303,282
43,749
including expense
contracts, etc
leases,
(less
due
shares of 4V2%
178,000
employees,
on
Prepaid and
'
4 %%
property:
Other
trans¬
from
portation operations
Income
Plant
25,746,451
28,843,326
from
Deposits
$
$
41,556,944 119,109,864 117,973,389
28,002,355
79,087,921
80,776,779
13,554,589
40,021,943
37,196,610
42,607,719
27,397,633
revenues.
oper.
Railway
Net
Due
1945—3 Mos.—1944
$
$
receivable
in
payable
608,125
Government)
claims—.
$3,407,827
inc.
28, 1945,
stock, follows:
Mortgages
$0.37
1,700^219
refund
tax
Mortgages
companies)
1945—Month—1944
Period End. Mar. 31—
"
Railway
the
accounts between
offsetting
Federal
$2,616,405
Authorized
14,567
788,415
2,012.962
Govt.—_
Inventories
Union Pacific RR.
25,314
$3,026,975
stockholders of
1,76o!g99
receivable
accounts
7,881
$2,413,015
5,188
$3,648,307
April
notes
of
_
to
in
$150,000
Gov¬
emergency
25,126
on
increase
to
3%
contracts:
Amounts
'
to
$2,641,719
$2,410,011
$890,545
.699,061
_____________
ernment
3,00-S
$3,034,856
.—
income
1,532,054
3,586,215
receivable—____
Inventories
9,755
profit
($100
receivable
accounts
$2,631,964
renegotiation—
common
Mar. 31, '45 Dec. 31, '44
$730,194
$910,967
t
'Cash
$2,927,284
107,572
$3,673,433
taxes
for
held
Sheet
•-
1942
102,790
of
issuance to
$96,392
/.
$0.53
Consolidated
Assets—
1943
$992,829
Capitalization-—The capitalization of the company after
giving effect
40,500
14,182
common
$3,570,643
—
income
for
Net
95^377
$131,457
—
per
&
182,567
dividends
Preferred
1944
-
exps—
profit
charges
Prov.
92,126
561,630
30,000
profits tax___
post-war
income
Net
of
income
&
income
Balance
(a)
other
Federal
then outstanding.—
$4.50 preferred shares
the
ol
any
1922.
161, p.
392.051
income_____
amortization
&
Interest
.
the
from
3,302,680
operations
and
Years Ended April 30
31, '45
1944
$4,182,181
513,241
income
Gross
sale of the new stock, with other company
$21,000,000, will be used to redeem about July 1, at
proceeds
1945
6,901,566
other
and
Interest
Co.—Preferred Stock Of¬
Oil
from
products
Subs.)—
$8,390,114
goods sold
Profit
Prov.
Associated
Water
(&
Total
Selling, admin, & general expenses
1922.
p.
Machinery Corp.
sales
of
sales
of
Gross
.
laminated
Earnings
$20,830,066 $20,563,091 $19,069,370 $13,659,179
17,259,423
17,635,807
16,437,406
11,249 168
_____;
—
Co.—New Name—
Drug Co. above.
of
sales, less discts.,
Cost
Quarters Ended March 31—
Net
Cost
in Cleveland,
cumulative pre¬
meeting May
shares of 4%
company,
the
cf
161,
United
plywood, Douglas fir and
and
•
.
9 Mos. End.
above
Other
headed by Kuhn, Loeb & Co. and Leh¬
Brothers on May 10 offered to the public the un¬
¥ Net
the
the SEC.—
1584.
Sundry investments (at cost)
.>
that
approved by
sheet
,
Summary
Earnings—
exchanged portion of 300,000 shares of $3.75 cumulative
preferred stock (no par) at $105 a share and accrued
dividends from April 1. The amount offered is 127,602
shares, as 172,398 shares were taken by holders of the
company's $4.50 preferred stock under an exchange offer
that expired May 7.
$105
time prior to
any
related
•
stock.
Other
fered—A group
funds
be converted at
may
common
United States Hoffman
Co., and numerous
White, Weld & Co.; Dean Witter &
Co.;
,
Net
bonds
class A
United-Rexall Drug
dividend; will
provide itself
others.
V.
161, p.
offering syndicate
man
into
Peale, Treasurer, on May
being redeemed pursuant to
are
See
also includes: Shields & Co.; Clark, Dodge &
Co.; Eastman, Dillon & Co.; Hemphill, Noyes & Co.; Hornblower &
Weeks; W. E. Hutton & Co.;. Kidder, Peabody & Co.; Merrill Lynch,
Pierce. Fenner & Beane; Paine, Webber, Jackson & Curtis; Spencer
The
date
plywood,
...
etc.
offering,
57c
retire
McC.
softwood
glue.
above-mentioned
bonds
exchange offer and with the balance of the proceeds
the company will retire all of the 45,000 shares of
such
Through
with
gaged in the purchase and sale of hardwood
other
any
from
V
Payment will be made at the Provident
Philadelphia, trustee, 17th and Chestnut Sts., Phila¬
of
redemption
agreed to pur¬
old
2153
1960.
delphia, Pa.
unexchanged portion of 45,000 shares of the
4% preferred stock which are being offered to holders
of
the "outstanding 5%
preferred in exchange, on a
share-for-share basis, plus a cash payment of 85 cents.This exchange offer will expire at 3 p.m. EWT, May 15;
chase
Co.
Trust
Public offering of 15,000 shares of
ferred stock ($100 par) was made
1,
Jan.
CHRONICLE
pprppd
628
expenses
?-«».
excess
s+ock
(see
—;
—
profits
N"bilitiac
taxes—
of
W? T
contra)
shs. of
'"S not)
1.445.000
2,581 poo
'
1st pfd. stk.
1.
5077
in treasury
87.040
3.753,962
£8 543.379
reserve
$4,780,642
at
for
Dec.
depreciation of
31
1943.
$7 367.894
at Dec. 31. 1944,
deducting U. S. Treasury
$5,028,696
tAfter
fMC 4d5
979.940
3 <SSQ
Dr72,441
at cost
Total
♦After
197,747
0rTR O"0
COnd.—
s'o«k
a<nrp Jap.
9p 781
07,703
..
sprnlus
jtvn'us
19917
197101
—
CO«f'"or. arisin"
1st,pfd.
fCommon
Genital
other
and
tax
■
§1,817,226
Gulbransen Co.
1933, A. S. Wells, G. M. Gardner and Frank Dill¬
bahner, the original incorporators and owners of the stock of WellsGardner <fc Co., repurchased the entire capital stock of the corpora¬
tion
from. Gulbransen Co. and the corporation
was then established
at its present location, 2701 North Kildare Avenue, Chicago.
From September, 1933, until this country entered the present World
War. the corporation continued the manufacturer of substantially the
same
type of radios and the sale of those products to substantially
the same customers,
The principal change in manufacturing opera¬
tions was the addition ol radio cabinet manufacturing facilities in the
spring of 1934.
This enabled the corporation to manufacture for its
own
use
about 40%;
of the cabinets required for the radio chassis
$1,750,000
and
1944
for
On
redemption on March 1, 1945, at 115 and
628
$10
required
the rene¬
and
subject to
for 1943, as a result of
the company will not be
renegotiation with respect to 1944.—V. 161, p. 2043,
refunds
Note—No
of
gotiation
were
contracts,
war
Subs.)—Earnings—,
(&
Laboratories, Inc.
Universal
Quarter Ended March 31—
income
Net
Reserve
Net
—V.
$66,079
.•
___,
$91,209
27,800
;
44,600
taxes
for
1944
1945
$46,609
$38,279
Co.—Calls Bonds—
ior redemption on June 4, next, all of the
outstanding first and refunding mortgage bonds, series B 3/2%, due
Sept. 1,< 1968; series C 3!a%. due March i; 1971, and series B 3%,
due April
1, 1974, at 105, 109 and 106'/4, respectively, plus accrued
interest in each case.
Payment will be made at The Chase National
Bank of the City of New York, trustee,
11 Broad Street, New York,
Y.
N.
full
for
of
sented
price,
redemption
plus
presentation and surrender of said
repre¬
by the cost
approximately 10%
cost of purchased parts,
the
by
parts manufactured in whole or in part by the corporation, and
approximately 35% by the cost ox labor and overhead in assembling
chassis.
the
The
bonds.—V. 161, p. 2043.
taken
have
that
developments
three
past
the
during
place
have been related primarily to war conditions.
Silice May, 1942,
essentially all
of the corporation's engineering and manufacturing
facilities
have
been
used
in
making
various products,
principally
years
Subs.)—Earnings—
Walgreen Co. (&
1945
1944
$61,378,585
$61,682,804
217,040
247,763
6 Months Ended March 31—
Other
other
and
sales
Net
Income—
store
income
sales
of
Employees'
*
240,000
6,448
to
cancellations
Lease
54,954,955
434,192
retirement
Improvements
—~
Capital stock, State income and franchise taxes
5,978
—
136,907
Federal
normal
Federal
excess
Provision
—-
870,000
3,090,000
Net
profit
Maturity at the rate of 5%,
after
$1.15
share
—
Capitalization
stock
Period End.
Sales
Warner
be
just
of 1944—
Co., Cleveland—Review
entitled "Review of 1944,"
24-page booklet,
illustrated
to present employees of this company, and will
2,330 employees who are in active military service
the
to
sent
offered are outstanding and
stock shown above to be
had 600 shares of com¬
mon
330 shares were issued
and
articles of incorporation
were
common stock ($1 par),
and to reclassify the 330 shares of common stock ($100 par), issued
and outstanding, Into 399,300 shares of common stock ($1 par).
Such
reclassification increased the aggregate par value of the issued com¬
mon
stock by $366,300, ail of which
was charged against earned
surplus, thus reducing earned surplus as of Dec. 31, 1944, from
$1,338,405 to $972,105.
^Borrowings under the "bank credit agree¬
ment," at Dec, 31, 1944, amounted to $1,590,000, and at April 16,
today.
this
From
booklet,
the following:
take
we
1944
1943
$24,223,308 $51,258,760
Calendar Years—
Total
income
Wages (inch group insurance and Soc. Secur.)
14,742,401
17,230,236
Materials, supplies, and other costs of doing
"
business
7,387,264
17,442,942
Taxes
Postwar
in
767,904
928,300
Paid
eral
98,720
403,637
;
shareholders
to
The
business
for
earnings
do
1944
the
bring
not
Underwriters—The
be" "accomplished.
recorded
the
in
thinks
The company
of
form
reserve
a
that
it
liability
the
the
sheet is
its balance
in
several
the
of
names
Paul
H. Davis
Shillinglaw,
has
J.
greatest
40,000
& Co.—.
Bulge;-
& Co.,
/
Bradford
C.
Brailsford
&
5,000
Co...
Chicago
Kalman <fe Co., Inc,_
Sills, Miriton & Co., Inc.— 15,000
Stein Bros., & Boyce___—
5,000
'Straus &-*B16s*ser_;—• 10.000
Taussig, Day & Co., Inc.—
5,000
of
A-—--
__
-
25,000
Co.
Securities
First
Shares
15,000
''',.__.AAAA_A-—_ 30,000
Inc.
Income
10,000
shares
600,000
and
of
$3,000,000
1955.—V.
3 V<%
10-year
161,
debentures,
fund
sinking
excise
Prof,
on
Int.
certificates
Gross
Other
bearing
either
the. corporation
the
value
par
the
of
Webster
Total
Other
161,
stock.—-V.
common
Eisenlohr,
above.;
Inc.
156,848
Elmer
R;
President
Federal
Wells
have
taken
proposal to
action
—V.
States
(Colo.)—To Vote
on
interest receivable, $15,396; marketable securi¬
prepaid expenses, $393; total. $1,675,276.
payable, $23,353; accrued taxes, $9,375; other
liabilities, $848; common stock ($1 par;, $432,465;
capital surplus,
$483,125; earned suiplus, accumulated since Dec. 31, 19i2, $442,352;
unrealized
appreciation in value of maiketable securities. $283,759;
total, $1,675,276.—V. 161, p. 1031.
ties, $1,279,863;
Liabilities—Accounts
/Wells
Fargo
"Forty-niners"
its. domestic
of
both
corporations.
%
/v
Company, which dates back to the days of the
and which originated the "Pony Express", disposed of
express,-business
at
it
is
the
end
of
engaged
the
in
last
the
28,624
1,233,113
Crl23,3il
722,320
Cr72,232
215,552
$448,918
$270,249
41,250
profits
tax
war.
carloading
Through
business
Corp. owns all the stock of two Mexican
corporations, a Cuban corporation and of two American corporations,
including Wells Fargo Armored Service Corp,
and
New
Jersey.—V.
Wells-Gardner
made in
shares of
p.
74,250
which
and Associates.
History
to
and
1924
Dillbahner,
New
Supply
totaled
and
H.
O.
ration
incorporated
of H.
In
May,
stock
of
the
corporation
Co.,
but
which
It
receivers
Co.
&
on
In
1925
Victor
O.
in
Illinois
May
been,
Woodall Industries, Inc.—Earnings—
12,
Co.
arid
sold
G.
and
M.
on
under
by
$3,162,000 $14,786,000 $11,722,000
Exchange
listing
the
authorized
has
of
of
:
—
$10,347,405
—_—____
incjL costs incurred on CPFF con¬
products sold
tracts
$8,820,727
—
and
_/£
general expenses
449,361
36,092
60,000
.
expense
for
Provisions
surtax—
and
tax
taxA
profits
63,120
__
769,680
'
of excess
refund
Post-war
plants———
reconversion of
post-war
income
Normal
Excess
-
—
__________
income
Gross
Costs
1945
incl. billable costs and fees on CPFF contracts— $10,315,963
31,442
income
Other
Net
profit
paid
Cr76,968
profits tax
^
—
share
Earnings per
$225,392
135,000
$0.75
;
Dividends
capital stock
on
Condensed
Sheet
Balance
hand
on
United
and
States
Accounts
"
Feb. 23, '45 Aug. 31, '44
Assets—
Cash
—A-__A__
deposit
on
$2,512,220
Cash
value
102,283
58,408
4,340,675
734,362
less
reserve
„
1,344,249
(i
surrender
of
refund
Post-war
of
91,036
(est.)
taxes
91,036
227,668
insurance
profits
150,700
656,323
642,332*
(net)
1
1
Patents
Other
life
excess
plant and equipment
Deferred
$1,682,757
3,743.518
bonds
savings
war
receivable
Inventories
-
.1
64,194
95,086
23.976
8,122
$8,141,588
$8,427,357
$2,500,000
2,654,915
$2,500,000
2,608,392
625,561
600,000
137,543
1,413,569
.1,128,141
150,000
600,000
137,543
1,303,281
$8,141,588
$8,427,357
charges
assets
Total
'
Liabilities—
Notes
loan
payable—"V"
Accounts
payable
and
,____
accruals____
less United
Federal taxes on income—estimated
Treasury Tax Notes
AAA-post-war reconversion of plants—.-
States
210,000
for
Reserve
Capital stock (par $2>
Capital surplus
Earned surplus
a
Y
161,
%aa
1706.
p.
mechanical
NOTE—For
possible
to
it
reasons
companies
arrange
in
position
is
always
not
alphabetical
alphabetical
exact
However, they are always as
near
possible.
as
for
of
$50),
(par
share
each
old
four shares
basis of
the
upon
of
stock.
common
the
to
time
at
their
shares of
which
common
was
prior to 1936
held in
at
cost
a
meeting
the treasury,
was
acquired from time
of $588,712.
Gardner
Oct.
the
20,
name
purchased
1925,
of
the
1, 1970,
also
merchandise
manufactured
the
a
Gulbransen
—V.
line
of
name
the
Radio
products
home
radio
the
sales
by
York
1st
Stock
mtge
all of which
Exchange
sinking fund
are
has
3%4%
authorized
bonds,
—
(Rudolph) Wurlitzer Co.—Acquisition—
this company
Haven, Mich.,
be
the
Rudolph Wurlitzer Co.
It will be advertised and sold as' the "Wurlitzer
Orgatron."
AA
The announcement added that transfer of all assets employed by
Everett
in
the manufacture
and sale of Orgatrons, including all
rights,
title, patents, goodwill, etc.,
will be made promptly.
Full
scale production will be commenced
at North Tonawanda as soon,
as the war is over and the government again permits the manufacture
of Orgatrons for civilian use.—V.
161, p. 709.
•
C.
President, on May 4 announced that
the Everett Piano Co., South
Rolfing,
purchased
from
Yazoo
the listing
of
C, due March
161, p. 1706.
Mississippi Valley RR.—Earnings—
&
Grcss
from
Net
ry.
$3,414,485
1,534,266
722,759
$2,571,732
716,618
8,718,148
3,233,666
1,180,582
railway
9,171,087
3,667,582
1,320,580
9,510,424
3.937,98.3
1,649,072
6,847,603
income
oper.
/.
Ry.—Earnings—
/"/....■%//
from
from
■
A—.
railway
railway
1945
.
.
1944
$1,925,631
356,303
from
Net
ry.
—V.
railway.
from
Gross
Net
railway
.
income
oper.
161,
178,973
Net
Net
—V.
from
railway
Corp.—To Redeem 41/4% Bonds—
and interest.
Payment will be made at the Provident
Philadelphia, corporate trustee, 1632 Chestnut St., Phila¬
105
1958,
at
Trust
Co.
of
delphia, Pa.^ or at the Bankers Trust Co., 16
Holders
may
receive immediate payment
railway
railway
161, p.
operating
1473.
income
;
Wall St.. New York, N. Y.
at the full redemption
and
to May 25, 1945, upon presentation
surrender of above-mentioned bonds.—V. 161, p. 1813.
accrued dividend
plus
Zonite Products Corp.
Fed.
344,788
inc.
Prov.
Net
"412,009
619,569
future
106.211
advs._
126,350
65,700
60,500
47,270
$288,675
$134,405
$101,999
$34,403
825,656
825,656
825.656
825,656
$0.35
$0.16
SO.12
$0.04
/
ccni.
Note—Above
exclude
V.
$268,710
120,556
shares
per
160,
share
figures include Canadian
English
p.
1942.
1943
$320,661
208,141
profit
Common
>.1944
$623,166
etc.___
taxes,
for
(& Subs.)—Earnings—
1945
depr.
after
prof,
Earns,
;
2,490,590
outstanding
5,219,295
1,201,437
From Jan. 1—
from
3,211,586
1473.
P.
corporation has called for redemption on May 25, next, all of
first mortgage sinking fund 4'/4% bonds due Oct. 1,
The
its
501,225
4,776,788
886,752
railway operating income
1,044,624
From Jan. 1—
Oper.
$1,724,159
:
1,297,167
series
issued and outstanding.—V.
March—
Gross
1942
1943
$3,001,896
1,108,208
348,327
$3,802,703
1,922,872
railway
from
Net
1944
1945
March—
Quarters End. Mar. 31-
Wisconsin Central
1945—4 Mos.—1944 ^
1945-—-Month—1944
$33,619,690 $37,812,217 $139,519,616 $132,712,570
1706.
161, p.
price,
the
Net
to
New
$24,000,000
corpo¬
Wells
■>'£'
Listing of Bonds—
30—
-
York
approved a proposal to
stock, and thereby reduce the capitali¬
annual
Woolworth Co.—April Sales—
(F. W.)
Period End. Apr,
Sales
(a)
upon
$710,500.
stock,
The
1927.
continued
under
14,210
The
Gross
were
Stock
stockholders
retire
Net
which
1945—4 Mos.—1944
$7,250,000 $5,932,000
7,536,000
5,790,000
of preferred
stock
stock
name
zation
Registrar, Northern
Gulbransen Co
of Chicago
purchased
all of
the
corporation, and from that time until Sept. 19, 1933, the
operated as a wholly-owned subsidiary of Gulbransen
manufactured,
(> Months Ended Feb. 28,
Condensed Income Statement,
Net sales,
Wheeling Steel Corp.—Reduces Capitalization—
1929,
&
(Mo.)—April Sales—
Co.
1945—Month—1944
$1,773,000
1,703,000
1,389,000
of new
./
Westinghouse Electric & Manufacturing Co. has
changed, to Westinghouse Electric Corp.—V. 161, p. 1813.
was
Wells-Gardner
10,531,000' kwh. for the
1.4%.—V. 161, p. 2044. '
compared
as
Orgatron business and henceforth this instrument wilj
manufactured and sold by the North Tonawanda, N. Y. Division of
.
Manufacturing Co. for the purpose of manufacturing and selling radio
receivers
and radio parts and supplies.
The name was changed to
Wells-Gardner
with
kwh.,
10,681,000
its .entire
$3,702,000
immediately
common
.The
-
'
Shillinglaw, Bolger & Co., Inc.
.
Victor.
interest
week ended May - 5, 1945
corresponding week last year, an increase of
R.
$1,939,000
______
York
shares
common
inception of the present business dates
partnership was organized by A. S. Wells, Frank
a
24,750
stock (par $12.50), to be issued ancl out¬
the change and reclassification of the
issued and outstanding 79,974 shares of the preferred stock (par $50),
upon the basis of four shares of new preferred stock for each share of
old preferred stock and (b)
12,531,264 shares of common stock (par
$12.50), to be issued and outstanding immediately upon the change
and reclassification of the issued and outstanding 3,132,816 shares of
Business—The
when
output of this corporation for the
$79,972
1706.
p.
standing
was
May 7 of the offering of 160,000
($1 par) at $8.25 per share by
v
partnership
.-was
in
Offered—Mention
Transfer agent, First National Bank of Chicago.
Trust Co., Chicago.
back
operates
stock
common
Paul H. Davis & Co. and
Cr21,555
■-y'.-Y-f.
Auto
sales
New
319,896
The
of
tax
•
Westinghouse Electric Corp.—Listing of Stocks—-
3833.
Co.—Stock
&
issue
our
152,
prof,
excess
,
161,
The
the
-Wells Fargo Cuban-Mexican
50,897
62,903
Combined sales
-V.
companies
&
its' wholly-owned subsidiary
in the United States.
York
Output—,;X.,r
Wisconsin Public Service Corp*—Weekly
Electric
$353,492
61,128
64,927
2044.
p.
Wholesale
Merger—
of this company, and Ralph T. Reed,
Cuban-Mexican Corp. (a Delaware corpora¬
April 30 that-the boards of the two corporations
by resolutions to submit to their stockholders a
the activities
on
31, 1945
deposits in banks, $264,625;
which approximates market),
54,699
90,647
Period End. April 30—
been called for May 28.
,If.the proposed merger is approved by the stockholders, Wells FargoCuban-Mexican Corp, will be merged into Wells Fargo & Co. which
carry
$8,747
$125,000; dividends and
$298,792
$1,045,368
$1,714,296
A
income
161.
Western
'
i
have
wjll
Sheet at March
on
hand and demand
Governments
(at cost
Assets—Cash
United
has
Meetings of the stockholders of the two
merge.
$3,940
no consideration has been given
to net
securities which in 1945 amounted to $31,709 (after
estimated taxes of $7.330i.
In 1944 This profit amounted to $62,362
and in 1943, $21,410 (after taxes of $19,740 and $2,175, respectively).
Tnujustfcu w ami. uiic applicable 10 net prinit snown above.
statement
above
the
"In
order.
surtax
and
lax
refund of
Dividends
Fargo
on
$6,373
825
profit on sales of
500
A__~—_~_AA—■
excess
Post-war
President
Jones,
of
tion), announced
$5,873
income
t695
237,000
83,370
;■
1706.
p.
•
:
income
Retail sales A____A___
'Wells Fargo & Co.
1,250
~1~815
taxes
income
for
Pro v.
3,659,639
276,452
$961/498
$1,557,447
_______
_______
charges
Net
the name
change in
Webster Tobacco Co., Inc.—New Name—
See
profit
income
Federal normal
name.
April 25 approved the change in
Webster Tobacco Co., Inc. and the
on
to
1,106
in
change
stockholders
The
of
CY337
506
loans——
$15,876
$4,472,384
____
designation on the list of the New
York Stock Exchange commencing May 1, 1945, of the common stock
of no par value of Webster Eisenlohr,
Inc. to common stock of $5
par
value
of Webster
Tobacco Co.,
Inc.,
in accordance with
an
amendment to the Articles of Incorporation filed April 30, 1945, the
Exchange
directs
that until
further notice
contracts
in Webster
Tobacco Co., Inc. common stock may be settled by delivery either of
the
'See
bank
on
Webster Eisenlohr, Inc.- -Par Value of Stock and Name
Changed—
iReierring to
5,390
'See
"See
Operating
—V.
allowances
taxes
______
1139.
p.
5,459
Total
1942
and
A—A—A-.—$21,540,301 $10,450,300
Renegotiation refunds
A
1,000,000
410,000
Cost of goods sold
__^r.
18,669,703
8,764,178
Selling, general & admin, expenses
313,149
314,123
Provision for doubtful accounts.—:——500
returns,
less
Sales,
listing of
are issued
due Mar. 1,
Stock
1943
1944
Securities—
Exchange has authorized the
common
stock (par $5), all of which
York
New
$12,975
5,402
$10,505
5,939
on
Ended Dec. 31
Years
Statement,
'
Warren Petroleum Corp.—-Listing of
$13,627
int.
follows:
Shares
_
amount it may be required to pay over and above taxes already paid.
The money cost of the final settlement of 1942 and 1943 renegotiation
will have to be taken out of current funds.—V. 159, p. 1291.
The
underwriters and the sev¬
purchased by each underwriter are as
to be
amounts
'
profits tax brackets, and no renegotiation of 1944 business is expected.
Final settlement of the renegotiahon for 1942 and 1943 still remains
to
of
certain
by
the
into the excess
company
be
of
Issue—The 160,000 shares of common stock are to
stockholders.
None of the proceeds from the sale
stock will be received by the corporation.
sold
worn-out
protection
Reinvested
invests.
expenses
sale cn invests.
Divs. &
1944
Property,
$650,000.
Purpose
1,202,578
1,133,164
388,708
11,250,148
A_A_A-.A2,500,000
for
provide
(to
part of
a
1945,
equipment—
(less postwar tax refund*———
Deprec.
the 399,300 shares of common
tOn Dec, 31, 1944, corporation
stock ($100 par), authorized, of which
outstanding,
On March 15, 1945, the
amended to authorize 600,000 shares of
are
issued
been
+
outstanding;
Swasey
&
elaborate
An
*399,300 shs.
$3,500,000
agreement
1942
1943
1945
r'The 160,000 shares of common stock now
$9,432,548 $36,887,822 $38,057,937
$8,861,367
1706.
p.
"
has
1945—4 Mos.—1944
1945—Month—1944
April 30—
—
161,
Outstanding
4.68%.
Quarter Ended March 31
for
Account
Income
Interest
600,000 shs.
credit
and represents an increase of
reported on Dec. 31, 1944,
Administrative
par)
($1
bank
under
Loans
and
1915
of April 27,
as
Authorized
♦Common
—V.
under
to
15, 1946),
per annum
Principal balance of
the credit agreement
annum,
$1.16
—
common
per
loans
211,998
1,033.988
April Sales—
V-*"
per
the corporation
to $650,000 at April 16, 1945.
amounted
$1,717,739
152,355
1,033,988
—
.
dividends
Common
Earned
$1,641,592
—
dividends
until maturity at the rate of 314%
bearing interest
400,000
outstanding
Preferred
evidenced
before 99 days after date (provided that no
agreement are to be
under the credit
by notes maturing on or
note shall have an expressed maturity date later than Jan.
890,000
2,960,000
300,000
surtax———
tax,
postwar
branches
•
•
Credit
Amounts borrowed
141,255
less postwar credit
contingencies.—
and
tax
profits
for
services,
armed
Agreement—Corporation entered into a bank credit
agreement, datqd Jan. 10,
1944 (amended March 23, 1945), with
First National Bank, Chicago, under which the corporation is entitled
to borrow up
to a maximum principal amount of $3,500,000 at any
one time outstanding in order to provide cr replenish working capital
in connection with or on accounts of its war production contracts,
$61,930,567
$61,595,625
55,083,205
& admin.
occupancy
buildings and equipment-—,..354,950
pension trust.—-—233,000
leased properties
15,971
of
Depreciation
selling,
of
&
leceivers, for the different
radar transmitters and
and
the
Bank
Total
Cost
radio
of
share.
Balance
cost of
of
immediately obtain the
to June 4, 1945, upon
bonds may
accrued interest
aforementioned
the
average
1945, the net asset value of the stock was $3.80 per
The latter compares with a net asset value of $3.63 per share
of March 31,
^
peace-time production approximately 55% of the
radio chassis manufactured by the corporation is
normal
In
the
equipment
miscellaneous
4%;
models),
table
or
supplies. 4%.
and
parts
Co.—Quarterly Report-
Investment
Wisconsin
As
Net
console
in
use
and
i
Holders
it.
by
of the corpo¬
the following
types of products in the following approximate percentages; console
radios, complete, 32%.;
table and portable models, complete, 43%;
automobile radios, complete, 17%,; radio chassis without cabinets (sold
has called
company
19,
During the years 1940. 1941 and 1S42 the total sales
ration^ peace-time/ products '//were accounted
for by
1472.
Virginia Electric & Power
The
Sept.
manufactured
profit
161, p.
of
organization
for 1943,
ICalled for
dividends, 10,282 shares, less
shares in treasury, were outstanding,
HRepresented by shares of
par value in 1944 and of $5 par value in 1943.
of
notes
Monday, May 14, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2154
2656.
subsidiary
and
$123,543
V
41,865
and Mexican subsidiaries, but
Australian
and
Chilean branches.—
Volume
161
Number 4385
THE COMMERCIAL, & FINANCIAL
CHRONICLE
State and
•
0
T:
*
2155
City Department
BOND PROPOSALS AND NEGOTIATIONS
'
•
'
'
,
'
'
■*
,
,
'
■
'
.
'
'
,
•ALABAMA
>+*■
■
••
■
fraction
Mobile, Ala.
-
•
•
Bond
Sale—The
$1,035,000 3%
gerieral - obligation -water bonds
offered for sale on May 4—v. 161,
p. 1816—were awarded to a syn¬
dicate composed of the Commerce
thereof
1946 to
1949, $30,000 in 1950 to
1953, $35,000 in 1954 to 1958, $40,-
in
000
1959
Other
1972.
bidders
were
as
follows:
\
Bidder—
,
Price Bid
Shields & Co.,
Maricopa
County, Phoenix
High School District No.
108.67
000
construction
(State of)
made
of
the securities
used
be
Bond
___._107.57
Co., Inc.,
Co.,
issue
to
Ordinance
ordinance
$130,000
Passed
Little
An
and
on
to bear in¬
date
after
National
Bank,
the
paying
106.88
district's, application for
bonds.
per¬
$50,000 refunding
-
■
.
.
106.194
R. S. Dickson
& Co.,
Bacon, Stevenson & Co.,
Marx & Co.,
'
Lyons & Shafto, and
Thomas & Co., jointly___._105.896
California (State of>)
Post-War
Projects—More
,
than
$4,827,000,000 of public works have
.
Sheffield, Ala.
■
Second
high bid of 102.48 for 3s was made
by C. H. Little & Co. of Birming¬
City
at
Sept.
on
interest date
dated Mar. 1,
March 1, 1972.
are
on
the
option of the
1, 1947, or on any
thereafter,
as a
whole
in part
in the inverse order of
their numbers, at par and accrued
or
interest
able
on
if the
or
if the bonds
to
March
crued
bonds
are
after March 1,
1.
are
redeem¬
1968,
or,
redeemable prior
1968, at
par
and
ac¬
interest
plus a redemption
premium which shall equal $2.50
for
each
12
calendar
proposed for post-war
struction in California
State
Bond
Sale—The
$264,000
re¬
funding bonds offered at auction
on
May 1—v. 161, p. 1929—were
awarded to a group composed of
Watkins, Morrow & Co., Birming¬
ham, Tennessee Securities
Co.,
Jackson, and M. B. Vick & Co., of
Chicago, as 3s, at a price of 102.50.
2.90%.
been
months
Kt
or
and
American
local
con¬
by Federal,
governments, the
Municipal
Association
said May 6 after analysis of a re¬
port issued recently by the Cali¬
State
Reconstruction and
fornia
Reemployment Commission.
Of the total
ects
for
$1,536,000,000;
projects for $951,000; city
projects for $1,443,000,000; county
projects
for
$719,000,000;
and
State
other local projects by
tricts, $178,000,000.
About
70%
of
>
the
10
A.M.
proposed
stage,
issue
receive sealed
bids
until
May 15 for the
on
Old
River
bonds.
Due
7
Sch.
$2,000
bonds.
Due
1, 1945.
1946 to
Dated
May
May 1,
$2,000
1952.
,
Dist.
1,
Life
1947
interest
payable
County Treasury.
at
New
on
May 10—v. 161,
Bank & Trust Co.,
York; R. W. Pressprich &
Co.; Lazard Freres & Co.; Mer¬
Co., St. Louis, and First of Mich¬
igan Corp., jointly:
,
Lot No.
the
bid, whether for all
of
bid
said
rate
for
premium,
if
will
be
than
or
only
To
porate Stock 4s, at 128.284.
Lot'No.
rejected.
3%
A
the
of
a
certified
or
not less
sum
of
amount
Lot. No. 13
.
$1,500,000 New York, N. Y., Cor¬
porate Stock 4V4s, at 132.606.
Southington, Conn.
bill
Co., Field, Richards & Co.; R. S.
Dickson & Co., and
Mullaney,
Ross & Co., jointly, at 112.5628:
Lot No. 2
Supervisors,
every
issue
bonds
the
Bonds
at
must
(price
Voted—A
bonds
ers
was
was
approved
recently
Legislature.
V;7 v
by
.
$849,000
Detroit, Mich.,
ing, Series F, 4s.
Refund¬
Kidder, Peabody & Co., and
National Bank, Nashville,
jointly, at 117.52:
Lot No. 4
$450,000
State's
aimed
at
The
measure
the
calls for
a
Lot No. 5
mission
would be named and the
result of its work submitted to the
1949 Legislature.
A three-fifths
vote of
approval then would send
the proposed new Constitution to
the voters for ratification at the
1950 general election.
"...
;*
Fort
Bond
Lauderdale, Fla.1
B.
Hill
&
Co.
&
Co.,
(price not disclosed):
of
$15,-
and
jointly
that
he
has
will
an¬
receive
bids until 9:15 P.M., on
May 28 for the purchase of $1,000,000 water and sewer revenue
bonds, not exceeding 2% interest.
Dated: Optional.
fers
of
Sept.
the
over
1,
fiscal
The City pre¬
1945, the beginning
Due
year.
period of 25
a
1.02
at
the
and
year
6th year;
at
any
source
1.01 the 8th
the
par
serially
Call¬
years.
10th
year.
Since this issue is concurrent with
Lot No. 6
$50,000 Jersey City, N. J., General
Refunding and Serial Fund¬
ing 4s.
100,000 Jersey City, N. J., Water
4%s. ' 77-7-7777 7
$750,000, 1940 issue of which $283,000
remains
unpaid,
the
City
would
this
Co.; Coffin &
Burr, and E. M. Newton & Co.,
jointly (price not disclosed):
require
5
years
On
amount.
the
to
new
retire
issue,
interest only first 5 years, there¬
after
principal and interest seri¬
ally based on approximate $75,000
total
To F. S. Moseley &
annual
requirements for 20
Sewer assessments not to
years.
be
pledged, but optional with the
City to
to
use
pay
or
call.
cost
of the
full
certified
•
..7777
favorably voted
on
May
as
8.
Chase
National
Bank,
New
York, at 123.719:
777; 7:77
Lot No. 8
bonds
4,950,000 streets bonds
2,707,000 Hall of Justice bonds
1,763,000 library bonds
600,000 swimming pools bonds
423,000 recreational projects
issue
check
is to
for
be
paid in
$10,000 is
A
re¬
quired.
To
fol¬
sew¬
The
by the successful bidder.
7'7;;
4 Vis.
$371,000 Louisiana, Highway, Se¬
ries E, 4V2S.
69,000 Louisiana, Highway, Se¬
ries M, 4y>s.
50,000 Louisiana, Highway, Se¬
ries G,
To
77
-
-v
'
Offering—Joe N. Morris,
Mayor-Commissioner
able with funds from
Kidder
per-/
commission
sealed
(price
$223,000
Detroit,
Mich.,
Street
Railway 4V4S and 5V2S.
100,000
Detroit,
Mich.,
Water
Supply 4.
M.
amend¬
an
Constitution to
mit establishment of
nounced
To R. W. Pressprich & Co.
not disclosed):
Kenneth
A
the
Constitution
60-year-old
to
;;77■.
Series A, 4V4S.
A.
—
revising
passed April 26 by the Florida
House of Representatives,
.a..
Detroit,
Mich., Refund¬
ing, Series F, 3%s.
50,000 Detroit, Mich., Refunding,
To
of)
Would Revise Constitution
resolution
$500,000 Jersey City, N. J., Water
described
'
Florida (State
a new amendment. If rat¬
ified by electors in 1946 the com¬
Lot No. 3
accompany
total
held
are
-
bonds.
A
to draft
Lot No. 7
election
an
These
/
—
authorizing the Borough to
up to $50,000 in refunding
ment
To R. W. Pressprich & Co.
not disclosed): ■
bid.
754,000 bonds
7,
was
$1,250,000 Detroit, Mich, Refund¬
ing, Series F, 2%s.
the
bonds bid for, payable to the or¬
der of the Chairman of the Board
of
7k-:7:-
12
$1,510,000 New York, N. Y., Corporate Stock 4V2s, at 135.7019.
Halsey, Stuart & Co.; Otis &
a por¬
bonds, shall be at a
interest, and any
of
varying rate of interest
a
11
$1,142,000 New York, N. Y., Cor¬
Refunding Bill Approved
Lot No. 1
and the rate of interest of¬
tion
Cor¬
New
p. 2045—were
Graham, Parsons & Co.; Wil/liam R. Compton & Co., Inc.;
Milwaukee Co.; Ryan, Suther¬
land & Co.; Kalman &
Co., and
the
Baum,
Bernheimer
Co.,
jointly, at 120.544:
fered for the bonds bid for. Each
single
N, Y.,
Chemical
$9,984,000
follows:
as
The bonds will
only and at not
separately
any,
York,
cantile-Commerce Bank & Trust
the
Each bid must state that the bid¬
der offers par and accrued inter¬
est to the date of
delivery, and
state
Cor¬
Purposes 4s.
To
Company
to
Principal
$5,311,000 storm and sanitary
$64,000,000.
Financing has been provided
for only a small( part of the pro¬
Insurance
various State and municipal bonds
offered for sale by the company
1945.
;7777/77;7777l7
Denomination $1,000.
and
Y.,
porate Stock (Reg.) 4s.
25,000 New York, N. Y., Various
(P. O. Hartford), Conn.
District
May
June 1,
Dated
1965.
i
N.
struction of Schools 4V2s.
400,000
port is 40 cents.
Third
imately $276,000,000 of the post¬
war
public
projects;
of
this
amount, projects to be constructed
by the State account for $133,000,Federal projects accounting
At
To
$40,000
York,
New York, N. Y., Cor¬
porate Stock (Reg.) 3V2S.
145,000 New York, N. Y., Con¬
run
school
;
lows:
000,
New
10
50,000
CONNECTICUT
Aetna
pur¬
Oakland, Calif.
report said.
in progress or
buses
.
porate Stock 3V2S.
be¬
department, with 38 em¬
ployees, is the largest unit in the
city government.
000:
have been completed for approx¬
for
fare to the naval
of
June 1.
chase of the following 5%
sug¬
the
are
22
$350,000
,
The bus
district bonds amounting to
$52,-
7. v
total
of
.{
Hutzler, at
" i;
Lot No.
handling local traffic.
are 5 cents, while the
Local fares
special dis¬
gested construction is still in the
Working plans
An
—
cashier's check for
listed, Federal proj¬
account
pri¬
&
124.069:
were
traffic
shortage of buses.
fleet
a
the
less than par and accrued interest.
CALIFORNIA
a
lines
the
Bros.
FLORIDA
be sold for cash
'
of
addition to
Angeles), Calif.
on
will
Refunding Approved—The State
Board of Education has approved |
mission to issue
York
as
j 12,000 West Whittier Sch.
Swifton School District•, Ark#
the
New
Angeles County School Dists.
(P. O. Los Angeles), Calif.
he
called,
agent, at that time.
___—
plant
Offering—J. F. Moroney,
County Clerk, has announced that
called.
are to be presented for
pay¬
ment at the office of the Commer¬
cease
cause
bus
handle
y." :
Salomon
new ac¬
when
ago
To
Bond
Bonds
cial
Halsey, Stuart & Co.,
Blair & Co., Inc.,
Eldredge & Co., and
Trust Co. of Georgia,
Atlanta, jointly..:
1945 and mature
Los
dated Oct. 15, 1941, with maturity
date of Jan. 1, 1975, at par and
Bank, of Little Rock.
of
designated
Election
election
July 2, the dis¬
date
operated
to
the
over
years
vately
awarded
$300,000 construction bonds will
be submitted to the voters at the
provided funds for their payment
on deposit with the Commer¬
•
Redeemable
Bond
ing bonds, Nos. 101RB to 1090RB,
77"
The bonds
Los
.
to
Bank
been
two
,
7777"
To
issue of 1945.
Rock Special School
interest
following
$4,800,000
to
Los Angeles County, Santa Clarita
Union High School District (P. O.
trict calls for payment all refund¬
accrued
say.
$100,000, city of¬
The city, of 22,000
$110,000 Arkansas, Highway Re¬
City for the $9,650,000 Department
funding 3s.
of
Water and Power, electrical
300,000 Arkansas, Highway Re¬
plant refunding revenue bonds,
funding 3*/4s.
District, Ark.
Bond Gall—On
ficials
Lot No. 9
a
to
current official bank in New York
passed recently by
-..7
7
the City Council.
North
election
Angeles, Calif.
City
has
are
Walton-Hamp Jones Co.,
jointly
ham.
amounting
tional
re¬
bonds
was
June 5 the
on
Names Official Bank—The Na¬
—
close
Bonds Awarded—The
an
bonds.
Ark.
enue
terest
■
to' sup¬
$1,500,000 airport bonds
3,300,000 sewage disposal
providing for the issu¬
cial National
Co.,
Memphis,
Weil, Roth & Irving Co.,
Provident Savings Bank
;
& Trust Co., Cincinnati,
about
bonds
of $315,000 water system rev¬
Said bonds shall
Bank & Trust
projects
Election—At
Los
District,
profit
7
regularly scheduled trips to near¬
by towns and to a naval port in
recommended
will be submitted to the voters:
be de¬
ance
&
Stranahan. Harris &
public
to be held
in
submitting tenders
obtained, by request, at
School
$390,000 Mississippi Highway, 1st
Series, 3 M>s,
;
this year's operations will show
Long Beach, Calif.
Bond
Harrison, Ark.
Union Planters National
of
Commission
post-war
accepted
can
net
a
present
available for the finan¬
are
The
by the State Board of Education.
Co.,
Co.,
Scharff & Jones, •
Mullaney, Ross & Co.,
Weil & Arnold, and
Stubbs, Smith & Lombardo,
jointly
107.273
post¬
projects,
thorough study of the timing of
a
funding bonds has been approved
William Blair &
improvements
immediate
As for local
ects.
tenders and payment will be made
on June
1, 1945, or as soon there¬
as
ated
unable
15%
-
application
Ingen & Co.,
Robinson-Humphrey Co.,
Piper, Jaffray & Hopwood,
Townsend, Dabney & Tyson
Harvey Fisk & Sons, and
Hendrix & Mayes, jointly__107.319
for
cing of $77,000,000 of these proj¬
Refunding Approved—District's
B. J. Van
the
said,
report
plement private employment, so
' "
':
information and advice concern¬
All bonds purchased will be at
ing timing of public projects can
the lowest offering prices, which
be furnished State
agencies and
must be less than par.
The right local
governmental units.
of acceptance or rejection of all
Earle
7 & Trust Co.,
Mobile, and
National Bank,
highway
for
the office of the Board.
#
the
available
are
period.
funds
Wanted—F. A. Storey,
Secretary of State Board of
Fiscal Control, will receive sealed
tenders until 11 a.m. (CWT) on
May 26 of non-interest bearing
series B road district refunding
Prichard
bdsis
highways,
funds
State
needed
Tenders
be
city-owned and oper¬
transportation system made
profit of $78,000 in 1944, and
able— The
tivity
and
Jr.,
will
tis, and Ryan Sutherland & Co.,
jointly, at 119.41:
7 ;■>
System
population, took
war
be
American National Bank
a
State funds have been
provided
of indicated needs other
Profit¬
for 50%
ARKANSAS
Arkansas
highway im¬
*
Ventura, Calif.
Transportation
than
and
of
may
Sterne, Agee & Leach,
First National Bank,
Montgomery,
King, Mohr & Co.,
Lamar, Kingston &
;i7
LaBouisse,
*
cumulated for State
provements.
livered to the Secretary. Forms to
Merchants National Bank,
and
Union
equipment
bonds was favorably voted at the
•election held on April 21.
after
77 Mobile,
•
post¬
employment reserve fund of
June 30,
1945, and State funds ac¬
Bonds Voted—An issue of $250,-
Ui
esti¬
war
(PI O.
I
$775,000,000 the funds
mated to be available in the
Phoenix), Ariz.
tion
Blyth & Co.,
M. A. Saunders &
than
any part of the bonds tendered
is reserved. Immediate confirma¬
1
John Nuveen
posed work. Projects suggested by
State
agencies exceed by more
or
Watkins, Morrow & Co.,
First National Bank,
4' Memphis, and
Leftwich & Ross,
jointly
Prichard, jointly
re¬
:M?[
ARIZONA
1962, $45,000 in
1966, and $50,000 in 1967 ^blonds.
1963 to
to
to
the
demption date and March 1, 1968,
but shall not exceed $50.
Union
Bank, Cumberland Secur¬
ities Corp., J. C. Bradford & Co.,
all of Nashville; Fox, Reusch &
Co., of Cincinnati; C. F. Childs &
Co., ^Chicago; Newburger, Loeb
6 Co., of New York, and McDougal & Condon, of Chicago, at a
price of 110.13, a basis of about
2,188%. Dated May 1, 1942. Denom. $1,000.
These bonds are due
on
May 1, as follows: $25,000 in
between
5s.
Paine, Webber, Jackson & Cur¬
Alternate bids will be accepted
on
to
$1,283,000 bonds. The $283,000
exchanged for outstanding
Any unexchanged portion
be
issue.
either
to
be
sold
or
cancelled
the option of the City.
est rates.
The
at
Bid inter¬
City reserves the right to
or reject any or all bids;
to
approve
maturities; contract
agreements and form of bond.
accept
>
Champaign
Urbana iand
IDAHO V
(State of)
Idaho
The 1945
bonds offered
May 9—v. 161, p. 2046—were re¬
jected.
Dated June 1, 1945 and
due June 1 as follows: $10,000 in
est
bill authorizing
tax up to 20 mills
and 1950 for the
cities to levy a
1945
funds for
of obtaining
purpose
$20,000' from
and
Bonds Voted—At an
Champaign, III.
Election—An
issue
.
of
department equip¬
ment bonds will be submitted to
the voters at an election to be
Bond
'
fire
$11,000
held
Gary School City, Ind.
Bond Sale—The $165,000
Warrant
Co.,
100.012,
„
1931, Nos. B101942 to B-101951, dated Nov. 1,
/;1934.v^.;-,#^;:
XX
Educational Fund, 1944, Nos.
E-555 to E-1492, dated March 15
Fund,
15, 1944.
Building Fund,
10,
T-164
dated
T-341,
to
1944.
warrants were
present them to the
'fi Holders of these
required to
Board of Education, City
St.,
Salle
on
due
are
order,that same might be veri¬
interest computed so that
cashi warrants drawn on the City
Treasury may be issued in pay¬
Interest
office;
Indefinite—The $4,-
light plant by cancelling
light bills. The com¬
munity has paid for the entire
all January
issue, of $27,000 water revenue
an
bonds. ',
nished all street lighting
O. Chicago), III.
Called — The County
Cook County (P.
Warrants
Ho
: X XX/,%%
/v.'
■
Laurence County (P. O.
'■
Lawrence-
Bond Issue—A reso¬
Proposed
'
presented
lution, ,<was
.
the
to
Coqnty {Board on May 5 calling
for) the; issuance of the hospital
construction bonds.
the
hospital
$300,000
submitted
election
Judicial
June
F;
the
to
held
voters
on
to
be
,
held
be
.
.
-
on
-
Rockford, III.
Bond Election Planned—An is¬
sue of $450,000 municipal sanitar¬
?
.
r.i
the
at
equip¬
and
be submitted to
an
election to be
may
the
at
voters
held this Fall.
Bond
22 for the
a
purchase of $22,000 3%
refunding bonds.
June
1, 1945. Due June 1,
to redemption on
Subject
1,
1960,
date
or
on
interest
any
thereafter, at par
interest, on 30 days'
notice.
Principal
and
interest
J-D) payable at the Citizens Fi¬
delity Bank & Trust Co., of Louis¬
payment
accrued
and
Enclose
ville.
Ordinance Considered
—
issue of $81,000
judgment funding bonds.'
- calling
for
for $750.
check
certified
a
an
/
>
Co.,
Co.,
x
v.
Ky.
'
Call
—
W.
L.
;
..
--
Knuckles,
calls
Co.,
for payment
on June 1, the fol¬
lowing-county road and bridge
refunding bonds, dated March 1,
,
Chicago, and
days.
any
-
new
>
Offered
Publicly
jointly,
For $1,500,000, Is
First National Bank,
New York,
Among other bids
—
were
the fol¬
National
Guaranty
Bank
Trust
Bros. & Hutzler: Mercantile-
associates,
131.1586;
Chemical
Halsey, Stuart & Co.,
J. J. B. Hilliard & Son, and
A. G. Becker & Co.,
? > Far $1,500,000. Is
_x_100.153
Chemical Bank & Trust Co.,
•
for
all
Bank
or
Maiden, Mass.
Note Sale—The $250,000 tempo¬
8—v.
Bank, of Boston, at a disccunt of
0.32%.
Dated May 8, 1945.
De¬
and
*
Q'Neil.-Alden & Co.,'
$10,000 and
$25,000,
nominations
$5,000.
These notes are due on
Nov. 20, 1945. Other bidders were:
Bidder—
County
Middlesex
Maiden
Discount
National Bank,
0.363%
0.365%
Maiden Trust Co.—,-——-—,
0.38%
First National Bank,
&
Trust
—.
Maiden-;—— 0.384%
Somerville, Mass.
of $500,000
Note Sale—The issue
anticipation
current year revenue
notes offered
May 10 was
discount,
0.32%
at
as
the National
and
of
The
Boston.
awarded
follows:
Webster &
$250,000 each to the
Atlas
National Bank
of Boston
Shawmut Bank
notes are dated
May 10, 1945 and due on Nov. 7,
1945. Other bids: Second National
0.323%; First Na¬
and Mer¬
National Bank of Boston,,
Bank of Boston,
of Boston
Bank
tional
chants
0.34%;
each
Trust
XL S._ Trust
Street
State
Co., Boston, 0.35%;
Co., Boston, 0.36%.
Mass.
Watertown,
Note Offering—James
dan, Town Treasurer,
sealed
$35,000
for
16
coupon
1950
$1,000.
of
rate
.
H. Sheri¬
will receive
(EWT)
purchase of
p.m.
the
land
municipal
Dated May 1, 1945 and
$7,000 on May 1
due
to
3
until
bids
May
inclusive.
from 1946
Denomination
Bidder to name a single
interest, expressed in a
multiple of
at
Principal
and interest
Co.;
Barney
$6,058,000 registered stock;. ,
Bankers Trust Co. and associ¬
for
/bonds, and- 115.7848 for- $2,r > HalseVv- Stuart & Co..-Inc.: First
jointly.:
For $400,000. 2s. $345,000,
National Bank of Chicago; Blair
4%-s,"Nos: 17 to 19.
.90s, and $755,000, ls__—100.004
Co., Inc.; Coffin & Burr; Hemp¬
&
of 1%.
The notes are exempt from taxa¬
tion in Massachusetts and
will be
prepared under the supervision of
and certified as to their genuine¬
ness
by the Director of Accounts,
Department of Corporations
and
Taxation, Commonwealth of Mas¬
sachusetts.
,
non
300.000 coupon bonds;
V4
(M-N) payable at the
Second National Bank of Boston.
ates, at 125.559 for $8,787,000 cou-
Otis- &Co.,> ->
offered for sale on
161, p. 2047—were
Shawmut
notes
May
awarded to the National
and
none,
& Co.: Harriman
Ripley & Co., Inc.; First Boston
Corp.; C. J. Devine & Co.; S. F.
Moseley & Co.-and associates, at
130.925 for all or none, and-137.83
Smith,
due on Nov. 6, 1945.
are
loan notes.
■1941:. 5% bonds, Nos. 21 to 25, and
The bonds are
notes
on
Commerce Bank & Trust Co.
__100.456
purchased
by
the
Trust Co. These
Worcester County
The
of New
Co., New
York; Glore, Forgan & Co.; Salo¬
First
mon
I
I
of
lowing:
York;
Martin, Burns & Corbett,
Kean, Tayor & Co.,
sale
plan to
0.40% to 1.35%.
from
Higginson Corp.,
*
In
an¬
re-offering the current award of
$14,845,000 bonds at prices to yield
Chicago,
York,
discount
a
Bankers Trust Co. and Associates
$240,000, 2s, $505,000,
New
has
or
Bonds
.70s, and $755,000, lsi^_100.03
National Bank,
'
the
City
does not
that it
undertake
on
Financing
Future—The
next 90
First
Illinois Co.,
public debt.
liquidation of further
sinking fund holdings during the
Tripp & Co., jointly,
Lee
Additional
No
Near
nounced
bonds
jointly,
Calloway County (P. O. Murray),
State Local Finance Officer,
recent
•
McDougal & Condon, and
road and bridge
authorized
was
both the
bonds and the registered stock are
payable at Baltimore.
Fox, Reusch & Co.,
For
sale, which
Principal and interest
Nashville,
County Court Clerk, will receive
Due $564,000
in
1953,
$719,000
in
1958,
$735,000 in 1959, $793,000 in
1860, and $493,000 in 1961.
will not increase the
Co.,
W. H. Newbold's Son &
registered
water
stock, series A.
This
Boston0.36%
First National Bank, Boston—«—x.
5%
by the Commissioners of Finance
at their meeting on April 27, 1945,
jointly,
For $z40,000, 2s, $565,000,
3/4s, and $695,000, Is.
100.079
Commerce Union Bank,
sealed bids until 10 A. M. on May
Bond
,
meeting - the: City
Council considered an ordinance
At
Lazard Freres & Co.,
A. M. Kidder &
O. Jackson),
1964.
3,304,000
Weigold & Co., and
Mississippi Valley Trust Co.,
St. Louis, jointly,
For $240,000, 2s, $660,000,
.80s, and $600,000, Is
100.05
Francis I. duPont &
May 14.
Ky.
Bond Offering—Cora M. Noble,
j
Rock Island, III.
be
to
.
ium, bonds
of
issue
election
Breathitt County (P.
1975.
4.
;i
& Sons,
Harvey Fisk & Sons,
June
the
at
An
KENTUCKY
of
will
bonds
—
gymnasium
voters
III.
(P. O. Alcdo),
— An
issue
Election
in
York,
Brown
Chas. E.
ment bonds will be submitted to
Dated
Mercer Countv
BOnd
Election
Bond
ville), III.
rv«.i
..
School
District, la.
bank to the County
any
Treasurer.
■J I ' .:■■■■', '.V-.
New
Alex.
R. S. Dickson &
Thurman Consolidated
Money/for the payment of said
warrants
is available and they
will" be
paid
on
presentation
through
100.719
Securities Corp.,
and
reports.
denom.). $30,000
($50,000
18
jointly,
$1,500,000, Is
free during that period,
set a side a Goldman, Sachs & Co.,
B. J. Van Ingen & Co.,
substantial light fund balance, the
American
Municipal Association Braun, Bosworth & Co., Inc.,
rants, Nos. 22 to 51 ($100,000 de¬
nomination); highway warrants,
9
For
and has been able to
lowing^ 1944 tax
warrants are
called for payment and that in¬
terest accrual thereon will ter¬
minate on May 15: corporate war¬
Nos.
Co.,
Louisville,
1965.
4% second water reg¬
istered stock, series A.
Due
$384,000 in 1958, $399,000 in
1959, $415,000 in 1960, $420,000 in 1961, $183,000 in 1962,
$467,000 in 1963, and $486,000
Liberty National Bank &
Trust
1961 to
000 in
Discount
0.344%
0.36%
Boston
notes sold on March 1 at
of .334%—v. 161, p.
revenjue
rary
1,425,000 3%% third water cou¬
pon series A bonds. Due $285,-
2,754,000
Blair & Co., Inc.,
lighting
that the fol¬
Treasurer announces
years, fur¬
and plant
in eight
plant
light
.
York,
Glore, Forgan & Co.,
Stroud & Co., and
National Bank,
1141—were
fourth
1969.
1
New
and $172,000
water
coupon series A bonds.
Due
$193,000 in 1948 to 1951, and
$193,000 in 1956 and 1963 to
$290,000, 2s, $220,000,
Shawmut Bank,
Fitchburg, Mass.
Note Sale Details—The $500,000
coupon
3y2%
2,316,000
Other
follows:
National Bank, Boston—
National
Due $171,000
A bonds.
0.335%.
at
as
were
Eidder—
Second
St. ex¬
viaduct
and
tension
are
The next highest
Home National Bank,
Brockton,
First
Howard
3V2%
2,746,000
1/2s, and $990,000, .90s—100.07
Guaranty Trust Co.,
Bills—
nicipal
ordinance calling' for
of
bidders
1953.
1949 to
in
14,
bidder was:
fourth
sewer
series A bonds.
Due
1948 and $400,000
due on
1945.
$300,000 in
Harris Trust & Savings
municipality declared a divi¬
dend to the customers of the mu¬
,
an
coupon
notes
These
Dec.
1963.
Union
Light
January
1945.
31/2%
$2,300,000
100.062
Boston, at a
Dated May 9,
Denominations to suit pur¬
of
Bank
chaser.
follows:
as
1954 to
The
Clinton, III.
Passed—On April 23
City Council passed on first
the
or
described
in
Ogden, la.
Ordinance
reading
all
1953.
time.
Cancels
1 1
an
1948 to
For
called.
.
on
Bank, Chicago,
date
on
Mercan¬
Baltimore, and
Baltimore.,
average bid of 132.5389, for
none.
The bonds sold are
Boyce,
&
Bros.
notes offered for sale on May
awarded to the Merchants
were
discount of 0.33%.
Co.,
Trust
Stein
8
& Co., Baltimore;
in
ried at the election
Treasurer's
ceases
Watts
tile
Collins & Co., and
12 will
District
National
Curtis, and
Equitable Securities Corp.,
jointly,
For $1,500,000, .90s
100.004
building bonds that car¬
held on March
not be offered for sale for
500,000
some
the
Co., Alex. Brown & Sons, Braun,
Bosworth
&
Co.,
Inc.,
Baker,
series
Chicago Sanitary District, III.
'
Warrant Call—Frank O. Birney,
Hudson Consolidated School
District'Treasurer calls for pay¬
District, la.
ment voh
May 8, corporate tax
Bond Election Planned—An is¬
anticipation warrants Nos. A-114 sue of $100,000 construction bonds
to A-207, dated Feb. 11, 1944, for
will be submitted to the voters
$5,000 each. Holders of said war¬ at an election to be held this
rants should present same for pay¬ spring.
at
rary
Blodget, Inc.,
District, la.
Sale
Bond
ment; .thereof.
ment
Co. ox
included
Note Sale—The $500,000 tempo¬
Pressprich & Co., Goldman,
Sachs & Co., Kidder, Peabody &
.
fied and
bill call¬
f Bonds Authorized—A
ing for an issue of
W.
Paine, Webber, Jackson &
Independent School
Des Moines
Rockville), Md.
R.
Ore.;
Portland,
of
Bank
Stone & Webster and
IOWA
in
-
Bond
bids
Coffin & Burr,
1945.
Dec. 1,
on
of Chi¬
352, 288 North La
or before May 10,
Room
cago,
Other
for sale Stein Bros. &
Boyce,
on March 8—v. 161, p. 1935, have
jointly,
since been sold to the Chrisney
For $1,500,000, .90s
State Bank, of Chrisney, at 2%.
Phelps, Fenn & Co.,
Dated March 15, 1945, these notes
Feb. 10,
(P. O.
Montgomery County
May 10—v. 161, p. 2047—were
awarded to a syndicate composed
of Bankers Trust Co., The Chase
on
following:
Julien
notes offered
ticipation
Bonds—The
$14,845,000 various City bonds of¬
fered for sale by the sinking fund
Smith, Barney & Co.,
First Boston Corp.,
O. Rockport),
Sale—The $30,000 tax an¬
Note
Playground Fund, 1944, Nos. P85 to P-176, dated Feb. 10, 1944.
Free Text Book Fund, 1944, Nos.
MARYLAND
group
a
Bankers
and
Co.
Ind.
1944.
Chesapeake Bay ferry, was passed
as Chapter 755, Acts of the
Gen¬
eral Assembly of 1945. It may be
a matter of several months before
the bonds will be offered for sale.
Baltimore, Md.
Sinking Fund Sells
State-owned
the
of
terminus
1961.
Trust
Louisville.
the
Spencer County (P.
by
Northern
of
VAs, at a price
1944, Nos. B-
1954,
1956,
1958,
composed of
Co.,
Chicago,
Harriman Ripley & Co., Inc., Eldredge & Co., Weil, Roth & Irving
entered
a
100.09.
dated Feb.
to IB-2334,
1)22
series
as
Inc., for
Co.,
to June
Annapolis)
(P. O.
Maryland
Bonds Authorized—The bill au¬
in
in thorizing the issuance of bonds
$15,000 in 1955, $10,000 in amounting to $1,500,000, to be
$15,000 in 1957, $10,000 in used for a new ferry boat and
$15,000 in 1959, 1960 and improvement of the Eastern Shore
$5,000,000 post¬
to
National City war improvement bonds was re¬
1970, inclusive.
Second high
bid of 100.047 for a combination
Harris Trust cently passed by the Legislature.
&
of $290,000 2s, $610,000 0.70s and
Savings Bank, The Northern
MASSACHUSETTS
Co.,
Chicago; Blyth
&
$600,000 0.90s, making a net in¬ Trust
terest cost of about 0.876%, was Co.,
Inc.,
The
First National
Brockton, Mass.
'
May
Dated
sewer
National Bank, The
Bank of New York,
1.20s, at a price of
basis of about 1.199%.
1, 1945.
Denomina¬
tion $1,000..
These bonds are due
on May 1, 1965.
the next highest
bidder was Harriman Ripley &
&
.
warrants:
York
$200,000 street
repair bonds.
the issuance of the
and
1947 to 1949, in¬
$5,000 in
7
May
passed on final
ordinance calling for
reading an
1, as fol¬
Feb.
on
Issue—On
Bond
City Council
the
clusive, $10,000 in 1950, $15,000
1951 to 1953, inclusive, $10,000
flood protection bonds offered
10—v.
161, p. 1931—were
to J. P. Morgan & Co.,
and Barr Bros. & Co., both of
City, jointly, as 0.80s,
at par plus a premium of $4,035,
equal to 100.269, a basis of about
0.781%.
Dated May 1, 1945 and
due serially on May 1 from 1946
39, improvement bonds offered for
sale on May 8—v/161, p. 1930—
were
awarded to Halsey, Stuart
Board of Educa¬
tion calls for payment on May 11
the /f following
tax-anticipation
Building
Inc.
INDIANA
President of the
lows:
due
are
May
New
Cumberland, Md.
Plans
a price of 101.787, a basis
1.80%.
Dated Dec. 15,
Denomination $1,000. These
bonds
$8,787,000 coupons bonds.
for
refund¬
revenue
about
1944.
awarded
election.
1
May
the
at
Board of Education, III.
Call—J. B. McCahey,
Chicago
'
pon
19.
June
on
Township (P. O.
proposal
to issue $25,000 road improvement
bonds was defeated by the voters
Bonds
of
Louisville, Ky.
Toulon), III.
Defeated—The
t
of
hill, Noyes & Co.; L. F. Rothschild
& Co. and associates, at 124.7818
2%
sold at
Sale—The $1,500,000 cou¬
Bond
West Jersey
basis
a
Ky.
$175,000
ing bonds awarded to a syndicate
headed by Fox, Reusch & Co., of
Cincinnati—v. 161, p. 250—were
inclusive.
bonds.
coming election to approve an is¬
sue of $250,000
road construction
bonds,
election on
approved an
improvement
the voters
issue of $40,000 road
1
May
asked at a forth¬
be
will
voters
about 2.18%.
Dated June 1, 1945 and due seri¬
ally on Dec, 1 from 1945 to 1957,
104,
building
school
7—v.
Boyce of Louisville, at a price
&
of
III.
Algdnquin Township (P. O. Algonquin), III.
Proposed Bond Election—The
ii-;-. -'*>■]-"
2%%
refunding
Paid—The
Price
161, p.
2047—were awarded to Stein Bros.
May
offered
bonds
O. Speer),
Valley Township (P.
-
$29,000
school building revenue
1960, inclusive.
ILLINOIS
.w'
Sale—The
Bond
to
1947
'
:
Hickman, Ky.
sewer
coupon
1946
improvements.
post-war
3% inter¬ Co., Louisville.
$290,000 not to exceed
islature enacted a
between
presented for redemption at the
Citizens Fidelity Bank & Trust
be
Rejected—All bids for the
Bids
Permitted
session of the State Leg¬
Reserve Funds
Local
Winchester,
should
$1,000 denomination and
in
Sanitary
O. Urbana), III.
District (P.
Monday, May 14, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
2156
f
Winchendon, Mass-
Note Sale—The issue of $60,000
notes offered May 10 was awarded
to the Second National Bank of
I
Boston, at 0.337% discount.
Dated
Volume
161
May
1945
16,
1945.
The
Bank
THE COMMERCIAL
Number 4385
Nov.
due
and
16,
National
Merchants
of
Boston, second highest
bidder, named a rate of 0.34%.
will
olis,
furnished
be
All bids must
chaser.
ditional. Enclose
for
the
be
pur¬
uncon¬
certified check
a
$1,230, payable to the District
Treasurer.
Winchester, Mass. '
Sale
The
$200,000
Note
—
.■/
tax Murray
anticipation notes offered for sale
recently were awarded
to
the
of Boston,
Second National Bank,
.30%, plus
at
a
premium of $15,-
Other bidders "were
00.
lows:
as
fol¬
*
Discount
Bidder—
First National Bank, Boston
Bond
Offering
until May
Bank,
Boston
-—
.31%
County
sealed
18 for the purchase of
Sleepy Eye, Minn.
Sale
Warrant
Details
The
—
and
$350,000
light
warrants
awarded
water works
April 10 to
composed of Allison
syndicate
ranging from 102.50 to 100.25—
v.
161, p. 1253.
Associated with
White, Hattier & Sanford, in the
of
recent operation were Leftwich &
paid.
a
Simpson
County (P. O.
hall), Miss.
Legality Approved—An issue of
2V2% funding bonds has
$12,721
been approved as to
legality by
Charles
&
Trauernicht, of St.
Louis.
Dated April
1, 1945.
on
MISSOURI
of $25,000 water supply bonds
will be submitted to the voters at
sue
election to be held in the near
an
future.
Center Line, Mich,
Bond Sale—The $42,000
Bange,
sold
sealed
refund¬
These bonds are due
follows: $4,000 in
1945, $3,000 in 1946 to 1953, and
$2,000 in 1954 to 1960. The next
highest bidder was H. V. Sattley
&
Co., for a2V4s, at a price of
tion $1,000.
Dec.
on
1,
as
100.004.
$25,000
These warrants
are
on
Springwater Township (P. O.
Sherman), Minn.
on
Co., of Detroit, as 2V4S, at a price
of 100.088, a basis of about 2.23%.
Dated May 1, 1945.
Denomina¬
Dated
May 1, 1947 to 1960.
Callable $50,000 each year begin¬
ning May 1, 1950.
ing of 1945 bonds offered for sale
May 7—v. 161, p. 2047—were
awarded to McDonald, Moore &
1.65s. Interest M-N.
May 1, 1945.
due
Bond
Offering—Paul
Township
sealed
Clerk,
bids until
for
15
the
will
receive
M.
2 P.
purchase
on
May
of
1955.
to
ment
Subject to prepay¬
any
interest payment
on
date.
Wabasha County (P. O.
Wabasha),
Minn.
Paris
Township School District No.
(P. O. Grand Rapids), Mich.
No Tenders—Frank L. Dumond,
11
Board of Educa¬
tion has announced that no tend¬
ers were received prior to the call
Treasurer of the
May 8, of the 2 ¥2% refunding
due on July 1, 1970.
on
bonds of 1940,
Bond
—
authorizing the issuance of
refunding bonds under the provis¬
202, Michigan Pub¬
lic Acts of 1943, for the purpose
ions of Act No.
Wilkin
*
Bond
100.102,
basis
a
May
tion $1,000.
on
May 1,
dated March 1, 1934.
1948 to
bonds were
defeated at the election held on
system
1957, and $4,000 in 1958 to
next
highest bidder
the
was
Farmers
at
Merchants
Bank, Breckenridge, for 114s
price of 100.05.
a
Columbia Heights,
Minn.
Bond Offering—P. Theo.
Olsson,
City Manager, will receive sealed
bids until 8 P. M. on May 15 for
purchase of $55,000 refunding
of construction bonds
may be
submitted
to
the voters
in the
near
Dec. 1, as
follows: $12,000 in 1946, $7,000 in
1947
and
1948, $3,000 in 1949,
$4,000 in 1950 to 1952, and $14,000
in 1953. No bid for bonds bearing
payable at some bank in
Paul or Minneapolis, as desig¬
bidder. The City will
furnish the printed bonds and the
approving opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, without cost to the
purchaser.
Enclose
a
certified
check for 2% of the face value of
nated by the
8:30
P.M.
on
the purchase of the
public
improvement
amounting to $700,000:
2%
construction
tion
been approved as to
legality
by Charles & Trauernicht, of St.
Dated April
1,
follows:
as
$7,000
in
1948, $21,000 in 1949 and
1950, $28,000 in 1951 to 1954, $35,-
1947 and
1, 1945.
County Supervisors
Dist. No. 3 (P. O.
1955, $45,000 in 1956, $48,$49,000 in 1958 to 1961,
$52,000 in 1962 and 1963, and $53,000 in 1957,
300 in 1964 and 1965.
Sale—An
issue
machinery bonds
Edward
to
&
of
was
$9,275
award¬
Jones
Jackson, recently.
15, 1945.
Legality
Charles
interest
any
and accrued interest.
certified check for
able
to the District
pay¬
Mont.
Bond Offering — F. A.
Green,
County Clerk, will receive sealed
bids
until
2
P.M.
June
on
2
&t Co., of
Dated March
approved
Trauernicht,
of
St.
for, payable to the
Bidders
are
City Treasurer.
Le Sueur
Piper, Jaffray & Hopwood, of Minneapolis. Dated June
1, 1945. These bonds will be re¬
in
full
date
any
interest
from
and
after
5
and
was
the First National Bank,
Consumers
Public
Power
District
form
a
furnished
Clerk.
and
No
bid
accrued
by
the
less
for
than
interest.
of
City
par
Principal
Plans
Post-War
has
given
plans for
Program—The
tentative
a
approval
to
$4,245,390 post-war
program throughout
System.
Cost
of
the program
would be apportioned on the basis
of $2,386,700 to the district and
$1,858,690 to Eastern.
for
increased
power
improved
designated by the purchaser,
subject to the approval of the
Board of Alderman. The
quirements in the
furnish
within
It provides
supply
and
and
the
City will
opinion
of
legal
Charles
&
Trauernicht, of St.
Louis, and will pay for the print¬
ing of the bonds and the registra¬
transmission
Auditor.
Delivery
of
the
bonds
be made to the purchaser on
before June 15, 1945, in the
or
City of St. Louis, without cost to
purchaser.
Delivery
else¬
the
where
will
of
pense
purchaser.
check
the
for
the
at
April 3.
on
the
at
ex¬
These
part of the $1,000,000
authorized
tified
to
the
are
made
be
election
Enclose at
$7,000,
cer¬
payable
City.
facilities
is designed to take care of
anticipated increased power re¬
Eastern's
area
system
County (P. O. CaruthersElection
—
Sale—The
$200,000 tem¬
for sale on
awarded to Goldman,
Co., of New York, at a
discount of 0.332%. Dated May 8,
1945. Denominations $25,000, $10,000 and $5,000.
These notes are
due on Dec. 17, 1945.
Other bid¬
ak follows:
Bidder—
issue
on
May 19.
Stoddard County Consolidated
Dist. No. 2 (P.O.
County Independent Sch.
Dist. No. 1 (P. O. Le Sueur),
-
0.3487c
Sch.
Bloomheld), Mo.
$27,000
school bonds awarded to
the Municipal Bond Corp., of Chi¬
cago—v. 161, p. 1932—were sold
at par.
Dated April 1, 1945. These
bonds are due $6,000 in 1948, and
$7,000 i:i 1949 to 1951.
0,39 7c
NEW JERSEY
Gloucester
MONTANA
City, N. J.
Refunding Contemplated — The
city contemplates the issuance of
$679,000 refunding bonds in order
to equalize debt service calendars
for the next several years.
The
plan, according to information re¬
cently submitted to the New Jer¬
sey Local Government Board, is
purely in the formative stage and
final action is not required until
Oct.
1.
that
action
However, it is possible
may
be initiated in
future.
In reporting on
the program in our issue of May 7,
it was stated that the proposed
refunding
issue had been
ap¬
proved by the State Board.
the
near
Minn.
-
bids
the
until
1
P.M.
Bond Exchange Approved—The
from
State Local Government Board re¬
reported
May 2
bonds will be the first choice and
White,
serial
a block of
$1,309,114% and 114% highway re¬
funding bonds at prices ranging
101.50
to
99.50
is
to have been
Bond Offering—Julius
District Clerk, will
purchase of $12,000 building
bonds, not exceeding 5% interest.
Dated July 1, 1945. Amortization
H. Block,
receive sealed
May 15 for
on
of $61,500 coupon
refunding bonds, not exceeding
2% interest.
Dated May 1, 1945.
Denomination $1,000, one for $500.
purchase
Due
July 1, as follows: $6,000 in
to 1954, and $7,500 in 1955.
No split rate bidding and no bids
for less than par will be consid¬
1946
(J-J)
payable at a place designated by
the
purchaser. ' The approving
opinion of Dorsey, Colman, Bark¬
er, Scott & Barber, of Minneap¬
ered. Principal and interest
Fergus
Bond Offering—Ellen M.
Reduced—
completed
by
managed
a
group
Hattier
leans.
&
Sanford
of
on
by
New
Or¬
The
offering consisted of
IV2S, due Aug. 1, 1961 and Feb. 1,
1962, priced at 101.50, and V/4s,
due Feb. 1 and Aug. 1,
1962, and
Feb. 1, 1963, which were
priced
at 99.50.
The bonds,
according to
report, had been acquired by the
White, Hattier syndicate late in
April, and represented the unsold
portion of a $2,000,000 issue pur¬
chased
on
March
13
by Blyth &
Co., Inc., New York and Associ¬
ates.
The latter
group
inally priced the bonds
had orig¬
on
terms
bonds
choice
of
will
the
be
School
bonds
amortization
the
second
Board.
are
If
sold
and
issued, the entire issue may be put
into one single bond or divided
into several bonds, as the Board
of Trustees may determine upon
at the time of sale, both principal
and
interest, to be payable in
semi-annual installments during a
period of 20 years from the date
of
If
issue.
serial
sued and sold
amount
of
bonds
are
is¬
they will be in the
$600 and $600
of the
said serial bonds will become pay¬
able
on
.
the
Division Vof
Local
to
the
outstanding
ing toward the refinancing of such
indebtedness.
»
Tenafly, N. J.
}
Bond Offering—Nathaniel M. F.
Dennis, Borough Clerk, will re¬
ceive
sealed
bids
until
8:30
p.m.
(EWT), May 22, for the purchase
of $81,000 storm sewer
coupon or
registered
4%
bonds
interest.
not
exceeding
1, 1945.
Dated June
1961.
Rate of interest to be in
or
1/20 of ,1%
multiple of. V8
must
be
the
for
same
all
of
Principal and interest
(J-D) payable at the Northern
Valley Bank, Tenafly. No propo¬
sal will be considered which spe¬
cifies a rate higher than the low¬
est
stated
rate
in
legally
any
acceptable proposal.
Each propo¬
sal must state the amount bid for
the bonds, which shall not be less
than
$81,000
nor
more
tha^ $82,-
The purchaser must also pay
amount
an
of the
0.36%
the
Scale
j
Indebtedness—Pub¬
will be held>;at the
relative
000.
National Bank, Boston
of
bonds
will be submitted to the voters at
the election to be held
tion
Discount
First National Bank, Boston—
Indian Head National Bank,
Second
u-t
*
indebtedness of the borough, and
the consideration of
plans look¬
and
were
were
of
the bonds.
&
ders
V
,
150 East State,./St.,
Trenton, on May 14, for the pur¬
pose of ascertaining all informal
in
notes offered
Sachs
.
$5,000 in 1946 to 1960, and $6,000
Nashua, N. H.
May 8
■
Denomination $1,000. These bonds
are
due on June 1, as follows:
NEW HAMPSHIRE
Note
•;
on
hearing
office
a
porary
:'
'V/.'
equal
bonds accrued
of payment of the
interest
the
to
to
the date
purchase price.
The successful bidder will be fur¬
nished
An
hospital
County
.
the
Nashua
Pemiscot
'
\ •"
\
included
over
next 20 years.
tion |ee at the office of the State
will
of New York.
'•
Government,
(P. O. Columbus), Neb.
I
the district's Consolidated Eastern
on
Mechanics,\V Bank,
Legality approved by
Hawkins, Delafield & Longfellow,
lic
the
1%.
Farmers
Woodbury.
Hearing
NEBRASKA
construction
even
the
Somerdale, N. J.
of said bonds shall bear interest at
an
callable at par, on Dec.
1;; 1950.
Principal and interest payable at
Reserve, jointly.
reports that the Board of Directors
rate, which shall be
multiple of one-eighth
All bids to be submitted
April 1, 1945. Denomina¬
All of said bonds ma¬
Dec. 1, 1961 to 1966, are
turing
M. Dain &
J.
bearing interest at a rate
likewise to be designated in their
bids; provided, however, that all
same
Dated
tion $1,000.
from date of issue. The next
highest bidder
Co.
on
Distribution of
Issue
as follows: $3,000 in 1945 to
1948, $5,000 in 1949 to 1951',
$6,000 in 1952 to 1957, $7,000
in
1958 and
1959, $8,000 in
1960 to 1963, $10,000 in 1964
and 1965, and
$12,000 in 1966.
Sale—The $48,000 water
supply bonds offered for sale on
May
7—v.
161,
p.
1932—were
bonds
District
Bond
1,
Plentywood, Mont.
000
the bonds bid
-
Mississippi (State of)
1954, $10,000 invl955 to
1964, and $12,000 in 1965ah >141,000 Water bonds.
Due Dec.
Bond
April edition of the "News Let¬
ter," published by the District,
by
v'
and
purchase of $145,000 refund¬
ing bonds, not exceeding 2% in¬
terest.
Dated July 1, 1945.
County, Roy High School
(P. O. Roy), Mont.
Plumb,
District Clerk, will receive sealed
bids until 7 P.M. on May 25 for
Louis.
■
$179,000 General bonds. Due Dec.
1, as follows: $5,000 in ,1945 to
1948, $7,000 in 1949 to 1951,
$8,000 in 1952, $9,000- in r 1953
for
awarded to
on
follows:
as
the
•
sold
Bioren
&
Co;, Philadelphia,
Rogers, Gordon & Co., of New
York, and Stroud & Co., of Phila¬
delphia. The bonds are described
Clerk.
Fergus County (P. O. Lewistown),
$320,000
was
syndicate composed
a
of
Enclose
$1,000,
refunding bonds
April 20 to
pay¬
requested to designate in their
bids the price they will pay for
2Vt%
Houston),
Miss.
3%
on
000 in
Bond Sale Details—The
Chickasaw
ed
full
payment
1, 1945. Denomina¬
These bonds are due
$1,000.
Feb.
on
Bond
bonds
3%
are
ment date from and after 10 years
from date.
No bid for less than
years
has
Bond
able in
deemable
Dated June
$350,000
Legality Approved—An issue of
Louis.
bonds
J.
Bond Sale—An issue of
The bonds will be redeem¬
ville), Mo.
trict, Miss,
a
interest
bonds
Charleston Separate School Dis¬
single rate of interest
will be considered. Principal and
than
future.
$12,000
for
until
$300,000 public parks bonds.
250,000 public sewers bonds.
150,000 public streets bonds.
held
Planned—An is¬
sue
coupon bonds, not exceeding 1%%
interest. Dated Dec. 1, 1944. De¬
nomination $1,000. Due
15
following
issue
Biloxi School District, Miss.
Bond Election
Offering — Lucille
O.
City Clerk, will receive
bids
bonds
MISSISSIPPI
MINNESOTA
St.
&
State
April 2.
more
1.189%.
The
1962.
Huron, Mich.
Bonds Defeated — The $960,000
Port
of about
1, 1945.
Denomina¬
These bonds are due
as follows: $3,000 in
National Park, N.
on
there¬
year
such
be
$50,000 build¬
ing bonds offered for sale on May
8—v. 161, p. 2048—were awarded
to
the Allison-Williams Co., of
Minneapolis, as 1.20s, at a price of
Dated
of
and interest payable at a bank to
ridge), Minn.
Sale—The
refunding, par for par, not to
exceed
$760,000 of outstanding
1934
refunding bonds, series B,
the
bids
County Independent School
of
works
County
sealed
May 24 for the purchase of
$119,000 refunding bonds.
Dated
June 1,1945.
These bonds are due
on
July 1, as follows: $19,000 in
1946, and $20,000 in 1947 to 1951.
The
City Commission has given notice
its intention to adopt resolu¬
water
The
—
receive
District No. 1 (P.O. Brecken-
Issue
of
tions
will
until
Pontiac, Mich.
Refunding
Plans
Offering
Auditor
May
Brennan,
$20,000
semi-annual town bonds, not ex¬
ceeding
2V2 %'
interest.
These
bonds are due $2,000 yearly from
1946
Bond
&
as
payable
each
all
Clayton, Mo.
Co., Kalman & Co., and
Moody, all of Minneap¬
olis, at par—v. 161, p. 1932—were
Juran
Menden-
become
day
until
^
par
'2157
will
same
after
lanta.
Williams
Buchanan, Mich.
Bond Election Planned—An is¬
$600
the
Ross,
of
Memphis;
Scharff
&
Jones, of New Orleans;
John
N'uveen & Co.,
Chicago, and the
Robinson-Humphrey Co., of At¬
bids
$75,000 refunding bonds.
Dated
May 1,1945. These bonds are due
$25,000 on July 1, 1946 to 1948.
a
MICHIGAN
The
—
receive!
will
Auditor
.30%
National Shawmut
Slayton),
Minn.
.30%
Winchester National Bank—
O.
(P.
County
& FINANCIAL CHRONICLE
July 1, 1946, and the
sum
Jersey City, N. J.
cently approved the city's pro¬
posal to replace $5,567,500 314%
bonds held in the municipal sink¬
new bonds in the
bearing 0.50% in¬
terest.
Purpose of the proposal is
to permit the city to give taxpay¬
ers
the
benefit
of the
surplus
ing fund with
same
amount
earnings that would accrue to the
sinking fund on the basis of the
higher interest rate. Sinking fund
requirements have been fully pro¬
vided for, the city announced, and
the
exchange,
which
involves
about 10% of the municipal debt,
is expected to result in an esti¬
mated saving to the taxpayers of
$1,950,000.
with the opinion of Haw¬
Delafield & Longfellow of
New York,
that the bonds; are
valid and legally binding1 obliga¬
tions of the borough.
Enclose a
certified check for $1,620 payable
to the borough.
kins,
Union
Bonds
Beach, ,N. J.ty
Publicly Offered —r A
syndicate composed of A. Webster
Dougherty & Co., Buckley? Bros.,
both of Philadelphia; ThomaS &
Co., and Moore, Leonard & Lynch,
both
of Pittsburgh, made pub¬
lic offering on April 23 of an issue
of $331,000 3V2% refunding bonds.
Dated June 1,1942. Denom; $l,000.
These bonds
are
due
on
Dec. li as
follows: $12,000 in 1948, $10,000
in
in 1950 and -1951,
$11,000 in 1952, $13,000 in 1953 to
1956, $14,000 in 1957, $15,000 in
1958, $16,000 in 1959, $14,000 in
1960, $18,000 in 1961, $15,000 in
1962, $18,000 in 1963, $16,000 in
1964, $18,000 in 1965, $17,000 in
1966, $19,000 in 1967 and 1968,
$17,000 in 1969, and $6,000 in 1970.
Bonds maturing in 1956 to }970
1949,
are
$12,000
callable
ment
date
on
at
any
par.
interest pay¬
Principal and
interest (J-D) payable at the Key-
Banking Co., Keyport. Le¬
gality
approved
by
Hawkins,
Delafield & Longfellow, of New
port
York.
•
West New
Refunding
York, N. J.
Considered
—
The
State Local Government Board
ceived for formal consideration
re¬
on
May 4 a proposal of the town to
THE COMMERCIAL & FINANCIAL CHRONICLE
2158
The
bonds.
Co.,
New
York,
which had
been
designated as
fiscal agents, and is designed to
level off present maturity sched¬
and
ules
the
redistribute
to
mu¬
nicipality's debt load.
The proposal was first discussed at a
meeting of the State Board on
May 1, and a study of its pro¬
visions indicated that the effect
proposed refunding issue,
to mature in 1958, 1959 and 1960,
would be to increase the over-all
debt service cost by about $220,000.
However, town officials ad¬
vised the board that redistribution
of maturities was necessary for
various reasons.
Following dis¬
cussion of the proposition at the
the
of
May 1 meeting, the board indicat¬
ed
that
formal
consideration
be
would
the May 4
town officials
at
given
provided
agreed to ask for alternate bids
covering callable and non-callable
bonds when offering the bonds at
meeting,
The May 1 meeting
public Sale.
the town
that
disclosed
also
Buffalo, N. Y.
&
Schwamm
ex¬
pects to receive a sizeable sum on
of second class railroad
account
taxes," payment of which has been
by litigation. After some
discussion of the question, town
officials indicated redluctance to
held up
MEXICO
1 edition of the Buffalo
Letter," over the signa¬
ture of George W. Wanamaker,
Deputy Comptroller.
In his ad¬
in the May
"News
vices Mr. Wanamaker says:
"Mr.
Davis
No.
(P. O. Roswell), N. Mex.
Offering — A. C. Jones,
1
Bond
Treasurer,
will receive
until 7:30 P. M. on
purchase of $375,-
County
bids
sealed
1 for the
June
of
the
be
sold
and accrued interest to date
shall any discount
or commission be allowed or paid
on! the sale of such bonds.
Prin¬
par
of
a
independent Certified
Accountants to audit the
firm of
Public
each
year,
As a businessman he knew
that this was the proper proced¬
ure.
The Buffalo "News Letter,"
which has grown from a circula¬
tion of just a few dozen, to a na¬
tional
distribution, was inaugu¬
rated during his term.
He super¬
affairs
Department
the
of
Division
of Real Estate which handles all
of the real estate owned by the
at
construction bonds
submitted
be
election to
an
Silver City,
Long Beach, N. Y.
Bond Call—The Common
cil
to call for
Coun¬
Treas¬
the City
has, directed
payment on June
1, the following refunding bonds:
Water, 5%% bonds. Nos. 166 and
167.
Due on Dec. 1, 1951.
General, .4%% bonds.
No. 143.
Due on Dec. 1, 1949.
General.
and 296.
Nos.
bonds.
4%%
Due Dec.
295
1, 1950.
Port of New York
Authority, N. Y.
Bond Sale—The
Bond'
Town
due
Offering
Clerk,
—
Other bid¬
Aug. 15, 1977.
were
follows:
as
Price Bid
Bidder—
Salomon Bros. & Hutzler__ 114.52
in the
C. J. Devine & Co
P.
R.
Noble,
R. W.
National
M.
June
on
for the
ing
Dated July 1,
Denom. $1,000. Due July 1,
4%; interest.
1945.
as
City Bank,
New York
114.20
New York
in
1960
to
$5,000 in 1946 to 1951,
1952 to 1959, $7,000 in
1967, $8,000 in 1968 to
1973, and $9,000 in 1974 and 1975.
On Jan. 1, 1966, or on any interest
payment date thereafter any or all
cf said bonds maturing after July
1, 1965, may at the option of the
Yoym be redeemed upon publicaof 30
on
days' notice of redemp¬
Principal and interest pay-
113.135
tion.
rble
the
at
office
of
the
Town
Treasurer, with New York ex¬
change. The approving opinion of
Pershing, Bosworth, Dick & Daw¬
son,
i
e
of Denver, will be furnished
purchaser. Enclose a certified
rv eck
for 5%
of the amount bid,
payable to the Town.
Bond
CMerk,
f v2%
Call—R. P.
has
Noble, Town
announced
water works
that
the
bonds, Nos. 1
Bonds
Publicly
Offered — A
of
investment
bankers
headed by Gruntal & Co. on May
group
bonds.
bonds.
of The Port of New York Author¬
ity.
The bonds, were purchased
from the New York State Teach¬
1977, they
accrued
are
Clay
County
the
earliest
date
In
ity's
redeemable
the
which
bonds
are
due
on
from
the bonds
are
ex¬
all
taxation, except
estate, inheritance and gift taxes
imposed by the States of New
$1,000.
July 1,
All the
Authority's general and
refunding bonds
enues
of
equally se¬
pledge of the net rev¬
the
are
George Washington
Bridge, the Holland Tunnel, the
*-~nds shall
Bayonne Bridge, the two Arthur
P-mptioh at the Central Hanover Kill bridges, the Lincoln Tunnel,
L'nk & Trust Co., New York City., the
Port
Authority
Commerce
Interest ceases on date caned.
Building and any additional facil¬
optional
on July 1,1945. Said
be presented for re-
improvement
following
the
in
readjusting
sound
of
on
the
County
$9,000 bonds at
a
"The
poor tax col¬
unable to pay
they matured.
were
as
present administration
condition
financial
was
in
poor
Seventy or eighty
respect.
every
payment for
anything.
of judgments had
lot
been se¬
the City; $861,000 of
outstanding.
No ef¬
cured against
fort
were
made
was
to
the
keep
"Drastic
by the
measures
Bond
Sale
Postponed—Sale
of
Geauga County
(P.
O. Chardon),
Ohio
Bond
Offering—Wilma D. Ful¬
ler, County Auditor, will receive
sealed bids until
for
the
fair
re¬
of $75,000 3%
improvement bonds.
Dated May 19,
due
Bidders
xk
Sept. 1, 1946 to 1970,
bid for a different
on
may
of interest
rate
of
These bonds
1945.
1%.
check
for
Board
of
in
a
Enclose
multiple of
certified
a
$1,000, payable to the
County Commissioners.
Maple Heights, Ohio
time exceeded the
no
income.
May 19
on
purchase
ground
are
noon
have at
"The bond situation
was
bad
so
and.our interest rate 5% and 6%
that in 1940 the City Administra¬
tion decided to take advantage of
Federal
the
Bankruptcy Act and
consolidate
irito
all
its
indebtedness
issue of optional refund¬
one
bonds, with the" expectation
of reducting the interest rate to
what might be more reasonable.
However, it was impossible to se¬
ing
Tenders
Wanted—Gerald
Man-
ceive sealed tenders until
noon
on
May 28 for the purchase of Ithe
City's refunding bonds, dated Jan.
1, 1937.
'
at
Court
was
1948 to 1951,
3/4s. maturing $5,-
and $10,000.
as
and
in
1952
for
the
Northern
These
bonds
authorized
were
bonds in the
of
sum
$695,800 bear¬
issued
were
bonds
and
in
at
the
Kingfisher, Okla.
Bonds Voted—An issue of
light
arid
mu¬
plant
bonds was favorably voted at the
election held on April 24.
power
Tax Receipts Higher—State tax
collections
in
March
totaled
$8,-
802,233, a gain of 10.52% from the
$7,964,245 received in the 1944
month.
ceipts
March's 1945 sales tax
were
10.75%
same
15.93%
an
increase
from
month
garette
same
$1,947,359,
re¬
$1,352,028 in the
year, while ci¬
of
$333,916 were
last
taxes
less than
the
total
of
will
made
the
receive
sealed
the
due
interest
1930s
improvement
mitted to the voters at
$8,000 in
1963, and $7,000 in 19G4.
The bonds will be awarded to the
an
election.
Wilburton, Okla.
Bonds
Publicly Offered
?
.
—
C.
Edgar Honnold of Oklahoma City
has
issued a circular describing
public offering of $120,000 rer
funding bonds purchased earlier
this year at a net interest cost to
the city of 2.74%—v. 161, p. 928.
The bonds are dated
and
May 14, 1945
issued for
were
the
purpose
of refunding
the outstanding call¬
able, bonds of the city.
They are
payable from unlimited ad valo¬
rem taxes on
all the property in
the
Homesteads.
that offering to investors is being made on
a
scale ranging from a yield of
1% to 2.35%, according to coupon
including
city,
-The bond house reports
rate
date
and
of
lows:
'
.
<
The
maturity.
issue of $120,000 is divided as
.
,
fol¬
..
$42,000 3s, due $7,000 on May 14
from
1948
from
inclusive.
1953
to
in
levels
before
if
made,
or
Funds
were
rate
did
we
too
was
our
to
defaults
the
fact
several
years
accruals
were
was
for
the
Sinking
dissipated.
made
Conse¬
quently when the bonds matured
were
no
1965.
New York
will
bonds
serial
we
retired
Then
were
on
bonds
issued,
a
were
the
OREGON
Albany, Ore.
Bonds Approved — An issue of
$100,000 trunk sewer bonds was
approved at the election held on
April 25.
Crook County, County
School Dist.
(P. O. Prineville), Ore.
*
.
V
Sale—The
Bond
$135,000 school
bonds offered for sale on May 5—
v.
161, p. 1934—were awarded to
United
the
of
Portland.
These bonds
National
States
Dated
are
June
due
Bank
1,
1945.
June 1, as
on
follows:
and
$13,000 in 1946 tp 1950,
$14,000 in 1951 to 1955.
The
highest bidder was the State
Bond Commission.
Cambria
V',
to
is¬
we
had
hand that we
levy only $7,335.89 for the
1944-45,
a
rate of $2.40 per
$1,000 assessed valuation."
County
(P.
O.
Ebens-
burg), Pa.
Sale—The
$250,000
Bond
total of $123,-
July 1,1944,
much surplus on
year
with
investors
certificates
of
the
Oklahoma Attorney General, and
the final approving opinion of J.
Berry King and George J. Fagin
of Oklahoma City.
approving
PENNSYLVANIA
3, 1943, when the $572,000 of
could
City. C. Edgar Honnold
funds available for
"It will be noted that from May
refunding
■'
furnish
retirement.
Dec.
1962 inclusive.
ning May 14, 1946) payable at the
Oklahoma State Fiscal Agency in
next
there
1954 to
Principal and semi-annual in¬
terest (May and Nov. 14, begin¬
reduction
a
due
was
it
made
were
so
is¬
bonds, $1500,000 to $3,000,000, will be sub¬
effort
that when the various bond issues
800.
1948 to
secure
no
principal, but
"The real cause of
sued,
on May 21 for
purchase of $135,000 water
system coupon bonds.
Dated May
21, 1945.
Denomination $1,000.
are
arid
high in* view qf changed condi¬
tions.
However,
the
principal
thought was to get the indebted¬
ness in shape so we could pay.
the
bonds
to
debt
bids until 7:30 P.M.
These
of
sue
advantage otf the
Bankruptcy Law there
funding
Chapman,
Okla.
Election Planned—An
6,1940, when $695,800 optional re¬
Sapulpa, Okla.
Clerk,
issued
bearingof Dec. 6, 1943.
intention to
no
was
the
1944 month.
Bond Offering—A. H.
City
Tulsa School District,
Bond
taking
Federal
was
payment
were
$572,000
interest at 21/2% as
in
Oklahoma (State of)
of
sum
'"In
of
dissat¬
was
for
serial bonds
in the
March 27.
on
called
were
new
as
high interest rate,
outstanding
optional
all
hence
think
the election held
nicipal
District
Oklahoma, where the matter
was adjudicated and new optional
1953—v.
161, p.
1821—were
sold
at
a
price of
100.00, a net interest cost of 886%.
all property in the town, in¬
cluding Homesteads.
;
on
of
"The administration
in
of the above issue
provide for the refunding
of tbe outstanding callable bonds
of the town. The issue is payable
from an unlimited ad valorem tax
to
15,000 2Ms, due $7,000 on May 14
in 1963 and 1964, and $1,000
case
isfied with the
airport bonds awarded on April
17 to the R. J. Edwards, Inc., of
Oklahoma City, for $20,000, as Is,
The purpose
was
filed in the Federal
the
OKLAHOMA
$30,000
property
63,000 2%s, due $7,000 on May 14
ing 5% and 6%
May 6, 1940.
Sale Details—The
the
including
sufficient agreements except
the same rate of interest and
cure
sell, Secretary of the City Sink¬
ing Fund Commission will re¬
all
on
Town,
taken
were
outstanding debt as rapid¬
ly as possible.
In due time all
the
old
unpaid warrants were
paid, the judgments retired and
the debt reduced to $572,000 at
the
present time.
For several
years all our warrants have been
issued 'payable' on demand and
we
tax
the
home¬
Legality approved by J.
Berry King and George J. Fagin,
of Oklahoma City.
administration to keep
expense
within the income,
tire the
$310,000 2% building bonds, orig¬
inally announced for May 14, has
been postponed to May 17.
from
steads.
new
to make no more debts and to
OHIO
agency
valorem
ex¬
within the income conse¬
quently warrants were continually
going to judgment.
penses
Principal and inter¬
payable at the State
in New York City.
an
unlimited ad
(M-N)
Payable
in
Denomina¬
May 7, 1945.
$1,000.
fiscal
into office in May, 1932. The
came
1958.
Dated
bonds
to
1955 to 1957, and $3,000 in
in
of
issues
bonds.
May 7, as follows: $5,000
Due
est
due to the depression
refunding
2Vz%
18,000
tion
we
bonds
the
Bexley City School District, Ohio
$30,000 3% refunding bonds. Due
$5,000 on May 7, 1949 to 1954.
had a lot
generally
lection,
bonds
Purchased—The
bonds
we
early '30s
accept in
Ilayesville),
O.
Honnold, of Oklahoma City,
publicly offering the following
amountingJ to $48,000:
is
a
basis:
the
different
and
finances
its
.
gar
,
nature
outstanding which nobody would
CAROLINA
(P.
the
thousand dollars in warrants were
1940.
of
opinion of the Author¬
counsel,
empt
on
except
cured by a
1°70,
10 years.
price of 94.75, and $5,000 at a price
of 94.50, as a result of the call for
tenders on May 7, of refunding
and funding bonds, dated Jan. 1,
interest, to
they
through
operation of the sinking fund.
are
V
^'mse
to
N. C.
priced
yield approximately 2.55% to ma¬
turity and 1.16% to Aug. 15, 1951,
has
Okla.
Talihina,
of its original financial
difficulties and the progress made
A
York and New Jersey.
Denomination
1
1, 1945.
NORTH
Retirement System at Albany.
Due Aug. 15,
at 115 3/4 and
the
city
An
Bonds Publicly Offered—C. Ed¬
cause
"In
Due in 1 to 5 years.
Dated June
offered $1,997,000 general and
refunding 3l/4% bonds, fifth series
to 18, 39 to 50, and 111 to
147,
amounting to $67,000, are called
frr payment on Julv 1. Dated -"My
1925.
in
Due
public
184,000
7
ers
and
all
000
Co.,
Re¬
with
the
describing
statement
following
bonds
amounting
to
$494,000:
$310,000 public improvement
maturing $5,000
follows:
$6,Q00
1
114.20
Chemical Bank & Trust
sale,
available
made
Y.
Offering—Thomas J. Nel¬
Bond
Pressprich & Co.,
purchase of $200,000 water
works coupon bonds, not exceed¬
P.
i;-.;
.
connection
viewed—In
forthcoming
mature and
Kidder, Peabody & Co.,
Equitable Securities Corp.
jointly
7:30
'
Rehabilitation
Financial
City Comptroller, will receive
sealed bids until noon (EWT) on
May 24 for the purchase of the
114.261
and
the bonds author¬
2% of the bid.
—
of issu¬
question
ing $750,000 light plant bonds is ?
being considered. ;/i. ;■
certified check for
a
Duncan, Okla.
held
18
until
bids
Bond
114.52
receive sealed
will
on
ders
Harvey Fisk & Sons
N. Mex.
bonded
son,
Bonds
voters
:'Vf-
future.
near
the
on
Vtica, N.
has purchased
the
to
be
interest
$7,940,040, nearly $1,400,000 above the 1943 total. Cur¬
purposes."
Election Planned—An is¬
of $160,000
sue
will
of
Enclose
the
on
now
ized at the election held on April
was
City except that used for public
$1,997,000 3 Y4%
fully registered Port of New York
Authority general and refunding
cipal and interest payable at the bonds offered for sale on May 4
State Treasurer's office. Only un¬ by the New York State Teachers
conditional bids will be consid¬ Retirement System, were awarded
ered.
The approving opinion of to a syndicate composed of GrunPershing, Bosworth, Dick & Daw¬ tal & Co., Graham, Parsons & Co.,
son, of Denver, will be furnished A. M. Kidder & Co., all of New
the
purchaser.
Delivery to be York; W. H. Newbold's Son & Co.,
made at the First National Bank, Philadelphia, and Lobdell & Co.,
Roswell. Enclose a certified check New York, at a price of 114.539,
for not less than 5% of the bid, a basis of about 2.58%.
Denom-'
payable to the County Treasurer. ination $1,000.
These bonds are
Bond
debt
was
vised the installation of a
of delivery nor
Curry County, Clovis School Dist.
(P. O. Clovis), N. Mex.
17.
$13,345,609, an
increase of approximately $1,900,000, and the balance after pay¬
Department of Audit
and Control was the employment
than
less
at
Net
revenue
election
payable at the fiscal
of the State in New York
are
Election
Bond
interest
City. These
innovations he intro¬
first
No. 606.
1945. General, 5y->% bonds.
Due on Dec. 1, 1952.
Denom. $1,000. Due June 10, as
These bonds are dated Dec. 1,
follows: $20,000 in 1947 to 1964,
Denomination $1,000.
and $15,000 in 1965. None of such 1933.
shall
agency
and
31, 1944, amounted to
$17,557,509,
as
compared
with
$14,749,318 for the previous year.
duced in the
6% interest. Dated June 10,
bonds
ended
ment
Comptroller of
offering the lowest rate oi
and agreeing to pay par
accrued
interest.
Principal
interest
and
Dec.
Stillwater, Okla.
Discussed
bidder
operating
revenues
of
The Port Authority for the year
14, 1939. He
brought to the office a wide ex¬ rent assets available
for
debt
perience
in
business.
He had service and general corporate pur¬
risen
from
office boy to Viceposes on Dec. 31, 1944, amounted
President of a large coal mining
to
$20,070,658, and current lia¬
and distributing corporation. One
bilities $2,120,847.
bonds, not exceeding
000 building
was
the City from Aug.
urer
Municipal Sch. Dist.
Chaves County
April 27 of City Comp¬
recorded
on
troller Frank W. Davis is
suggestion that this money be
pledged to the retirement of the
NEW
Gross
Comptroller Davis Dead —The
death
a
proposed $700,000 refunding bonds.
ities that may be financed through
the issuance of these bonds.
NEW YORK
$700,000
of outstanding
plan was drafted by
refund
r
%
re-
i
funding bonds offered for sale on
May 8—v.
161,
p.
1821—were
j
awarded
to
Bank
Pittsburgh,
of
the
price of 100.437,
0.65%.
Dated
nomination
are
due
on
Mellon
a
as %s, at a
basis of about--.
June
$1,000..
June
National
1,
1945.
in 1947 and
1948
$42,000 in 1949 and 1952. The
$41,000
De¬
These bonds,
1, as follows:
and'
next
*
Volums
161
Number
4385
THE COMMERCIAL & FINANCIAL CHRONICLE
highest bidder was Halsey, Stuart
&
Co., for %s, at a price of
100.039..
Blair & Co., Inc., bid
determined by deducting from the
total amount of interest to be paid
100.026
on
for
the
the
notes.
same
Eddystone, Pa.
Offering—Joseph Higler,
Borough Secretary, will receive
sealed bids until 7 P.M. (EWT),
on June 4 for the purchase of $30,000 %, 1, IV4, 1% or 2% coupon
refunding bonds. Dated June 15,
1945. Denomination $1,000. These
bonds are due $3,000 on June 15,
lor the
above the
rem
to
as
and
will
be
tion
for
now
inheritance
or
sessed thereon under
of
law
future
or
entitle
as¬
or
the
Common¬
the
class
a
includes
the
contract
or
these
bid.
These
sale
and
the
of
purchaser
turn of the amount
present
any
of
which
of the
terms
taxes,
levied
hereafter
or
valo¬
bonds, will, at the election of the
purchaser, relieve the purchaser
from
his obligations
under the
without deduc¬
tax or taxes, except
any
bonds
on
character
payable
succession
ad
re¬
to
deposited with
bonds
issued
are
subject
to the favorable opinion
Townsend, Elliott & Munson, of
Philadelphia, and will be deliv¬
ered to the purchaser only if and
after the proceedings authorizing
wealth, all of which taxes the
Borough assumes and agrees to
pay.
The bonds will be sold to
the
highest
responsible bidder,
of
provided such bid is not less than
par
and accrued interest.
The
highest responsible bidder shall be
the one
who, having complied
with the conditions of sale, offers
to take the whole amount of the
issue at the lowest interest cost to
the
issuance
approved
thereof
by
the
Internal Affairs.
check
fied
have
been
Department of
Enclose
for
2%
certi¬
a
the
of
face
amount
the
of the bonds, payable to
Borough Treasurer.
,
Pennsylvania (State of)
municipality, which shall be
Municipal Units to Get Gas Tax
deducting from the
paid Revenues—The recently concluded
on account of such bonds
during 1945 session of the State Legis¬
the life thereof, the amount of lature, in reenacting for two years
the
determined
total amount of interest to be
the 1-cent emergency gasoline
tax,
authorized
the
distribution
of
premium offered, if any over and
above the face amount of the is¬
These
sue.
enactment,
The
taxes.
rem
$17,000,000 of the anticipated pro¬
will be
ad valo¬
obligations
payable from unlimited
ceeds
at
of
taxing
$22,000,000
units.
among
local
measure
The
pro¬
delivery of vides that $8,500,000 be turned
legislation over to second-class townships
which in terms, by the repeal or and a similar amount to cities,
omission of exemptions or other¬ boroughs
and first-class
town¬
wise, subjects to the Federal in¬ ships. The residue will be placed
come tax the interest on bonds of in the State Motor License Fund.
any time prior to the
the bonds, of Federal
or
these
cludes
bonds,
Which
character
class
a
will,
in¬
To Free Toll Bridges—Another
the
at
election of the
from
authorizes an appropria¬
$7,000,000 to permit the
State to acquire toll bridges and
measure
purchaser, relieve
the
purchaser
tion
obliga¬
his
tions under the terms of the con¬
deposited
issued
opinion of Townsend,
Elliott & Munson, of Philadelphia,
chaser
war
ted
only if and after the pro¬
ceedings authorizing the: issiiance
have been approved by
the Department of Internal Af¬
fairs.
Enclose
for 2%
check
certified
a
of the face amount of the
bonds,
Bond
Borough
the
to
the
to
vember.
;
Issue
Vote
con¬
electorate
next
No¬
The
House on April 11
Senate-approved
bill
providng- for
the
amendment,
completing the necessary approv¬
al by two Legislators before a
passed
a
vote by the
people.
Martin
Treasurer.
asked
provi¬
sion for the bond issue at the 1943
Ephrata, Pa.
,
that
nounced
sealed
an¬
receive
will
he
until 8
bids
has
Secretary,
Borough
rer,
Legislative
Offering—Carl W. Fueh¬
Bond
P.
(EWT)
M.
the purchase of
$118,000 electric plant equipment
coupon bonds, not exceeding 2%
interest. Dated June 1, 1945. Denom.
$1,000. Due June 1, as fol¬
lows: $8,000 in 1947 to 1954, and
$9,000 in 1955 to 1960. Bonds ma¬
turing June 1, 1951 to 1960 are
callable in whole or in part at the
May
on
■
option of the Borough at par and
accrued interest on June 1, 1950,
on
or
in
paying
interest
any
thereafter.
Rate
of
date
interest to
be
multiples of *A of 1%. Bids will
be
received
declaring
funds may be needed for
public
projects, sanitation, roads, refores¬
tation
and
the
for
entire
issue
principal only.
interest
the
and
Said
thereon
payable without deduction
for any tax or taxes, except suc¬
will be
cession
or
inheritance taxes,
or
levied
hereafter
thereon under
tive
income
ture
all
of
law
of
the
which
assumes
and
bonds will
or
despite
with
passage
such
taxes
agrees
the
Borough
to pay%
tax
city
several
responsible bidder, provided such
bid is not less than par and ac¬
crued interest.
The highest re¬
sponsible bidder shall be the one
who, having complied with the
conditions
of
the
take the whole
sue
sale,
offers
to
amount of the is¬
at the lowest interest cost to
to
of
a
was
series of bills
by
the
House.
inaugurated by the
years
a
basis
rate
of
iv2 %, but
since
levy
was
was
that
time.
originally
reduced sometime
ago to 1% and, even at this level,
the volume of receipts is
impress¬
ive.
**
.
Port
Former
Allegany, Pa.
Owner
Donates
Water
Plant—The Public Administration
Clearing House, Chicago, reported
on
May 12
Port
some
as
follows:
Allegany,
2,350
community of
population, has been
a
bequeathed the town water com¬
pany under terms of the will of
the former owner, who owned all
the
stock
of
the
company,
the
Port Allegany Water Co.
Under
terms of the
or
other
company
will, all capital stock
interests
were
in
offered
at
May 3 by the
on
Authority, through the Banco de
Fomento
de
awarded
Puerto
to
Doyle,
Rico, were
O'Conner &
Co., of Chicago, and the Bank of
Ponce, of Ponce, jointly, as 1.90s,
at a price of
99.44, a net interest
cost
of
1.9407%
2.6050%
to
to
first
maturity, and
call
date.
nouncement of the sale
An¬
made
was
by D. R. Bonniwell, Finance Di¬
rector
of the
Governor of Puerto
Rico, who came to New York City
recently for the purpose of discus¬
sing possible new and refunding
provisions
the
water
bequeathed
the
Platte, S. D.
Bond
Curtis,
Stone
of
& Webster and
at
South
—Local
to
Masslich
&
Mitchell, of New
York.
Other bidders
First Boston
B. J. Van
$535,000
May
10
coupon
were
Halsey, Stuart & Co.,
Inc., and Blair & Co., Inc., both
of New York
City, jointly, as IV4S,
at a price of
101.34, a basis of
about 1.15%.
1,
follows:
as
Due
$11,000
1946 to 1970 inclusive,
$10,000 from 1971 to 1975
inclusive.
210,000 constructions bonds. Due
$7,000
on
June 1 from 1946 to
1975 inclusive.
All of the bonds
1,
are
the
at
Boston.
First
The
National
bonds
Bank
will
be
of
valid
follows:
For
Bankers
New York,
McDonald &
Equitable Securities Corp.,
$485,000 iy2s,
iu/4s
ana
$3,645,000 1.90s
(Net interest cost
99.051
1.9410%
maturity;; 2.6716% to call date.)
C. Allyn & Co.,
Union Securities
Corp.,
New York,
Blair
&
Co., Inc.,
Graham, Parsons & Co.,
Lee, Higginson Corp.,
E. H. Rollins & Sons,
Hornblower & Weeks,
Coffin & Burr,
Eldredge & Co.,
Stifel, Nicolaus & Co.,
C. F. Childs & Co., and
Banco Popular de Puerto
Rico, jointly,
For $1,085,000 IV2S,
$1,120,000 13/4s, and
$2,795,000 2s
_98.275
(Net interest cost 2.012% to ma¬
turity.)
,
100.389
-•
Smith, Barney & Co.,
Goldman, Sachs & Co.,
Stranahan, Harris & Co., Inc.,
R. W. Pressprich & Co.,
TEXAS
Belton, Texas
Purchased—W.
refunding
bonds, dated April 1, 1937. These
bonds represent part of the
bonds tendered, at prices
Coleman, Tex.
Sale Details—The $60,000
auditorium
bonds
awarded1 re¬
cently to the First Coleman Na¬
tional
were
& Co.
to
1959.
price
of
of
0.73%.
100.229
at the election held
Denton,
Bond Election
of
sue
at
an
100.10,
Dated
a
basis
101.218
of
a
about
May
1, 1945. De¬
These bonds
due on May
1, as follows:
$79,000 in 1946 and $75,000 in 1947
$1,000.
1955.
SOUTH
will
be offered
recent
report in our
issue of April 30, page 1935, that
the city had authorized an issue
street
paving
bonds
incorrect.
DAKOTA
of construction bonds will be
submitted
election
year.
to
to
be
the
voters
held
result
.
of the
M.
•,"
improve¬
system
sewer
main
'
;
■
water
construc¬
bonds.
1,000,000
street
and
highway
bonds.
;
con¬
,
drainage
im¬
Galveston
County Water Control
Improvement District No. 6
(P. O. Galveston), Texas
and
Bond
An
Issuance
issue
later
Contemplated—
of
$250,000
revenue
bonds, to be used for financing
a water and sewer
system is said
to be under consideration.
Gillespie County (P. O. Fredericks¬
burg), Tex.
Bond
Offering—Henry Hirsch,
County Judge, will receive sealed
bids
until 2
P.M.
on
May 15 for
$95,000 airport
bonds, not exceeding 2% interest.
Dated June 1, 1945.
Denomina¬
tion $1,000., These bonds are due
the
purchase
of
June
to
Alternate
sidered
proposals
on
at
in
an
the
will
be
con¬
bonds with 5-year op¬
tions
and 10-year options.
Prin¬
cipal and interest (J-D) payable
at the place preferred by the pur¬
It is
the
Commissioners
Milbank School Disstrict, S. D.
Bond Election Planned—An is¬
sue
a
Galveston, Tex.
Defeated—Mildred
carry:
chaser.
SOUTH
as
election.
1, as follows: $4,000 in
1954, $5,000 in 1955 to
1961, and $6,000 in 1962 to 1965.
Greenville, S. C.
$400,000
the
Oser, Secretary of the Board of
Commissioners,
has
announced
that at the general City election
held
on
May 8, the following
bonds, not exceeding 4% interest,
amounting to $6,100,000 failed to
on >
CAROLINA
Correction—The
of
voters
in
Frankston, Texas
,
1946
was
the
held
Bonds Voted—An issue of
$20,250 water and sewer
system bonds
Walker
%s, at
are
to
to
be
system
provement bonds.
H.
as
bonds
revenue
to
future.
near
2,800,000
$754,000 Ma¬
property purchase
sale on May 4
G.
Planned—An is¬
submitted
election
Feb. 13.
on
Tex.
$1,500,000
be
may
dated
are
authorized
were
struction bonds.
for
to
bonds
100,000 fire station site and
(State of)
Providence,
nomination
The
April 1, 1945 and
provement bonds.
,
Sale—The
awarded
as
600,000 water works system im¬
-
Blyth & Co., and
R. W. Pressprich & Co.,
jointly
offered
par,
v.
on
tion
Bank, Chicago, and
Moseley & Co., jointly_101.76
Temple
IV2S, at
as
in
161, p.
1039—
April 1, as follows:
$3,000 in 1948 to 1950, $5,000 in
1951 to 1953, and
$6,000 in 1954
mature
1,500,000
F. S.
bonds
Bank,
reported
ment bonds.
For 1 Yz% Bonds
sonic
$75,000
ranging
Bond
100.31
Rhode Island
Fer-
chased by the city, as a result of
the call on May 8, of
Harris Trust & Savings
Bond
M.
rell, City Secretary, has announced
that $25,000 bonds have been
pur¬
$100,000
G. H. Walker & Co.,
and Associates
______100.10
to
maturity; 2.7011% to call date.)
For $655,000 1.70s, and
$4,345,000 1.90s_
99.216
(Net interest cost 1.9475% to
A.
&
Kidder, Peabody & Co.,
Estabrook & Co., and
Goldman, Sachs & Co.,
jointly
$1,175,000 1V2S,
$1,535,000 1%S, and
$2,390,000 1.90s
98.303
(Net interest cost
1.9385% to
maturity; 2.934% to call date.)
$870,UOO
101.239
Hutton
Harriman Ripley & Co., Inc.,
jointly
For
and
Boston
Co.,
Louis.
Bonds
jointly
Co.,
E. M. Newton &
Co.,
First National Bank,
Milwaukee Co.,
J. M. Dain & Co.,, and
curities Corp., of Nashville. Dated
April 1, 1945. Legality approved
by Charles & Trauernicht, of St.
lli'% Bonds
Trust
bonds
recently
were
Cumberland Se¬
the
dated June
Principal and interest
payable at City Treasurer's office,
Ponce,
to
1945.
or
$75,000 3%
works
from 92.50 to 99.73.
Co.,
Lee Higginson Corp., and
E. H. Rollins & Sons,
Ponceno,
The
—
water
Bonds
$325,000 consolidated bonds.
June
improve¬
sale
for
Sale consisted of:
jointly
Barcus, Kindred & Co.,
Kneeland & Co.,
Whiting, Weeks & Stubbs,
Field, Richards & Co.,
Sale
awarded
awarded to
W. E.
Ingen & Co.,
Credito y Ahorro
post-war
offered
Newport, R. I.
offered
author¬
1945 law
a
Centerville, Tenn.
Bond
ISLAND
Bond Sale—The
bonds
Authorized
are
TENNESSEE
were:
Corp.,
taxing units
establish
ma¬
$100,000 July 1, 1960, $100,000 Jan.
general obligations of the city, and
and July 1, 1961 and
1962, $100,000 all taxable
property of the city
Jan. and $105,000
July 1, 1963, will be
subject to the levy of un¬
$105,000 Jan. and July 1, 1964,
limited ad valorem taxes to pay
$105,000 Jan. and $110,000 July 1, both
principal and interest, except
1965, $110,000 Jan. and July 1, that
taxable intangible personal
1966 and 1967, $110,000 Jan. and
property is taxable at the uniform
$115,000 July 1, 1968, $115,000 Jan. rate of
40 cents for each $100 of
and July 1, 1969, $115,000 Jan.«and
assessed valuation.
They will be
$120,000 July 1, 1970, $120,000 Jan.
engraved under the supervision of
and July 1, 1971, $120,000 Jan. and
and authenticated as to
genuine¬
$125,000 July 1, 1972, and $125,000
ness by the
First National Bank
Jan. and July 1, 1973. Callable as a
of Boston.
The legality of these
whole on July 1, 1947, or on any
issues will be approved by Storey,
interest payment date thereafter
Thorndike, Palmer & Dodge of
at 101.00 up to and
including Jan.
Boston, a copy of whose opinion
1, 1965; and thereafter at par.
will be furnished without charge
Callable in part from moneys in
to the purchaser when the bonds
Sinking Funds beginning July T,
are delivered.
Other bids were as
1949, or any interest payment date
bv
(State of)
Reserves
semi-annual
and
cluding Jan. 1, 1965, and there¬
after at par. Legality approved
Dakota
98.365
(Net interest cost 2.023% to
turity.)
RHODE
issue
purchase
ment reserve funds.
from
$1,000. Due
$80,000 Jan. and July 1, 1949 and
1950, $80,000 Jan. and $85,000 July
1, 1951, $85,000 Jan. and July 1,
1952 to 1954, $90,000 Jan. and
July
1, 1955 to 1957, $90,000 Jan. and
$95,000 July 1, 1958, $95,000 Jan.
and July 1, 1959,
$95,000 Jan. and
site
ized under the terms of
Ryan, Sutherland & Co.,
jointly,
For $995,000 1.40s,
$725,000 13/4s, and
$3,280,000 2s.
municipal¬
ities. The bonds just sold are dated
Jan. 1, 1945., Denom.
an
Held—An
airport
submitted to the voters
election held on May 8.
was
Post-War
Corp.,
and
behalf of the Insular
its
Election
$10,000
bonds
Blodget, Inc.,
Braun, Bosworth & Co., Inc.,
Stroud & Co.,
and
on
Government
naught,
ago
and has
principal factor in keep¬
ing municipal finances on a highly
been
The
sold to the highest
be
come
intent
The
assessed
present or fu¬
Commonwealth,
tax
$5,000,000 elec¬
bonds
revenue
semi-private sale
■
Resources Au¬
Rico
tric
&
First Cleveland
For
is reported by the Philadelphia
Bureau
of
Municipal Research,
now
any
Water
Bond Sale—The
it
The
to
Rico
RICO
thority (P. O. San Juan), Puerto
hos¬
Wage Tax Repeal Defeated —
Attempts made during the recent
session of the State Legislature to
abolish the city's highly
produc¬
favorable
of interest, but no
combining two different rates
of interest will be accepted. Regis¬
bonds
or
Philadelphia, Pa.
at any one rate
as
rehabilitation
pitalization of soldiers.
bid
trable
session,
for
14
Puerto
public works will be submit¬
Governor
payable
PUERTO
F. S. Moseley & Co.,
Paine, Webber, Jackson
from the
year
thereafter at 101.00, up to and in¬
$50,000,000 bond issue for post¬
a
delivered to the pur¬
thereof
to
stitutional amendment permitting
favorable
and will be
available
charge.
Scheduled for November—A
the
to
facilities
Post-War
These
the bid.
subject
with
are
the
the public without
chaser to the return of the amount
bonds
of
make
tract of sale and entitle the pur¬
a
company's income to the trustees
of a specified cemetery association and $500 a year to a
speci¬
fied public library.
be
taxes.
interest
thereon
interest
will
condition that the
on
$1,000
is¬
enactment, at any time
prior to the delivery of the bonds,
of
Federal legislation which
in
terms, by the repeal or omission
of exemptions or otherwise, sub¬
jects to a Federal income tax the
Said
principal only.
the
unlimited
the
community
town pay
Bank. The
of the
at any
of
amount
Principal and interest
payaule at the Ephrata National
combining two different rates of
interest will be accepted.
Regisbonds
bonds
obligations
payable from
above rate of interest, but no bid
terable
such
face
These
sue.
Bids will be receive
entire issue
of
account
during
the life thereof, the amount of
premium offered, if any, over and
Bond
1946 to 1955.
municipality, which shall be
2159
bonds
at
the
intention
Court
to
of the
sell
lowest interest
the
cost
that will bring a price of approxi¬
mately, but not less than
accrued interest.
quired to
bination
name
of
two
par
Bidders
the rate
rates
are
and
re¬
or
com¬
with
their
named
be
must
The County will fur¬
printed bonds, a copy of
the
preceedings, the approving
opinion of J. P. Gibson, of Austin,
or of Chapman & Cutler, of Chi¬
|
S.
nish the
Mayor, has announced
City is considering the
Cluck,
the
that
purchase
Navigation District (P. O.
Houston), Texas
Bond Sale—The $1,500,000 se¬
ries
improvement
A, issue of 1945,
a
'*
F. Childs &
& Co., all of
Co. of Mil¬
Dempsey-Tegeler & Co.
Kebbon,
of St. Louis;
—
of
to
be
issue
An
bpnds will be submitted
the voters at an election to
held on May 19.
road
Higginson Corp., C.
Co., Barcus, Kindred
Chicago; Wisconsin
waukee;
Election
Bond
p.
Texas
McCormick
National
■
at .45%.
Approved—An issue
1%%, series of
Bank of St. Paul; First National
1945, airport bonds has been apBank of Minneapolis, and George oroved as to legality by W. P.
V. Rotan & Co. of Houston, as
Dumas, of Dallas.
Dated March
1.20s, at a price of 100.434, a basis
1, 1945.
•
of about 1.156%.
Dated May 15,
Odessa, Texas
1945. These bonds are due $75,000
from May 15, 1946 to 1965. Other
Bond Election Contemplated—
At a recent meeting, the City
^Jbidders were as follows:
&
Legality
of Chicago; First
Co.
Harris Trust &
calling
York;
Perryton,
Co., jointly,
100.059
1.30s
For
Bond Sale
Tex.
1945, refunding
recently to R. A.
Underwood & Co., of Dallas—v.
Bosworth & Co., Inc.,
1936—will bear interest in
rates in the
161, p.
Co.,
Moreland, and
addition to the above
Mosle &
form
of
from
April
Louis B. Henry
supplemental coupons,
1, 1945 to 1950, at
1%%.
Said bonds are in the de¬
nomination of $1,000 and mature
Investments,
jointly,
100.685
1.40s
For
Co.,
Halsey, Stuart &
$2,000 on April 1,
Blair & Co., Inc.,
San
Equitable Securities Corp.,
Abercrombie & Co.,
Fort Worth National Bank,
Texas Bank & Trust Co.,
chase
Pressprich & Co.,
separate
&
measures
prohibit
ultimately
Curtis,
amendment
tional
Michigan Corp.,
of
and
Rauscher, Pierce & Co.,
of
designed to
constitu¬
by
the
diversion
highway tax revenues to pur¬
immedi¬
poses
100.655
lV2s
other than those
ately
jointly,
indentified with new
struction and maintenance,
Jasper County (P. O. Jasper), Tex.
Airport Bonds Considered—An
the
payment
con¬
and to
of obligations
im¬
posed by the county and district
airport construc¬
bonds is being considered for
issue of $250,000
tion
Diversion
Highway
Revenues — Both the
House and Senate have approved
Paine, Webber, Jackson
For
(State of)
Prohibit
Would
Phelps, Fenn & Co.,
F. S. Moseley & Co.,
First of
bonds.
revenue
Texas
100.543
For 1.40s
7
golf course pur¬
chase of $60,000
Inc.,
jointly,
R. W.
Antonio, Tex.
City Attorney, will receive sealed
bids until April 24 for the pur¬
Dallas, and
Garrett and Co.,
1946 to 1955.
Offering—Tommy Cobbs,
Bond
Lovett
public debt..
.:
.
The premier has budgeted for a
Bond
Dothan
the
that carried
held
election
the
at
bonds
park
basing
Postponed—The
Issuance
$75,000
deficit for the coming
arriving at that amount after
the estimates on a 100%
conversion of Alberta bonds to
the new basis and after providing
a
full year's interest charges on
$702,000
year,
WISCONSIN
on
April 3
the
will not be issued until after
of the war.
close
:Oconto, Wis.
■
Bonds Authorized^—On
April 9
rate of 3V2%.
new
Total revenue on the income ac¬
fiscal
the
for
count
ending
year
1946, was estimated at
$26,054,430, an increase of $3,087,225 over the present year.
Main items making up the in¬
crease are estimated liquor prof¬
March
Council passed an ordi¬
nance calling for an issue of $150,000 2 V2% water works mortgage
revenue bonds.
Dated April 15,
1945.
Denominations $1,000 and
the City
These bonds are due on
April 1, as follows: $1,000 in 1947
and 1948, $2,000 in 1949, $2,500 in
1950 to 1954, $3,000 in 1955 to
Authority,
plus
$500.
31,
its, $1 million; treasury branch
earnings, $160,000; mineral tax,
fuel oil tax, $275,000;
payment, $300,000.
$250,000;
wheat pool
proposed
government's
The
collect
mineral tax is designed to
road bond assumption act.
1959, $3,500 in 1960 to 1964, $4,000
in 1965 to 1969, $5,000 in 1970 to
"from
revenue
which
alienated prior to the
was
of the
transfer
natural resource
a
natural resources
in 1930." Mr. Manning
P.M. (CWT),
intention of the government to re¬
the purchase of
imburse municipalities for the loss
$500,000 water works mortgage of the
Utah (State of)
right to levy a mineral tax.
Local Post-War Funds Author¬ revenue bonds, not exceeding 2%
The new tax would apply to all
ized—This year's session of the interest.
Dated May 1, 1945. De¬
alienated minerals, but only where
State legislature approved a meas¬ nomination $1,000.
Due May 1, as
development is not actually being
ure
permitting local taxing units follows: $25,000 in 1948 and 1949,
carried on.
7:;: Vv\
to levy a property tax up to 1 mill and $30,000 in 1950 to 1964.
Rate
The new unearned increment
to
provide funds for post-war of interest to be fixed by the suc¬
tax estimated to produce $10,000 a
purposes.
cessful bidder and bidding to de¬
year for the department of lands
termine said rate will be restrict¬
WASHINGTON
and mines, would operate only in
ed to multiples of one-tenth of
the case of the assigning of the
Cowlitz County, Woodland School 1%.
Split bids will be accepted
lease.
with two rates of interest, one rate
District (P. O. Kelso), Wash.
Nearly $3 millions is being ap¬
Bonds Defeated
An issue of on bonds maturing from May 1,
$160,000 construction bonds was 1948 to 1954, and another rate on propriated for highway construc¬
tion and maintenance, of which
defeated at a recent election.
bonds maturing from May 1, 1955
to 1964.
Bonds maturing in 1955 $1 million is for main highways.
Kalma, Wash.
School grants and grants to the
to 1964 shall be callable at the
Bond Sale—The $75,000 water
opinion of the City on or after University of Alberta have been
revenue
bonds offered for sale
increased and appropriations for
May 1, 1955, at par and a premium
recently were awarded to Conrad,
various
other
departments also
of 2%.> Bids to be for all or none.
Bruce
&
Co., and Charles N.
have shown increase.
Comparison of bids will be made
Tripp
Co.,
both
of
Portland,
by taking the cost of interest to
MANITOBA
jointly, at a price of 98.50, a net
the City at the rate named in the
interest cost of 3.315%, as follows:
Manitoba (Province of)
respective
bids
and deducting
For $15,000 maturing May 1, $1,therefrom the premium bid. Fully
Bond Sale Details—The $2,386,000 in 1947 and
1948, $1,500 in
executed bonds will be furnished 000 2% refunding bonds sold to
1949 and 1950, $2,000 in 1951 to
by the City, together with the ap¬ Wood, Gundy & Co., of New York,
1955, as 3s, and $60,000 maturing
proving opinion of Lines, Spooner and Associates, at a price of 99.275
May 1, $2,500 in 1956 to 1961,
& Quarles, of Milwaukee.
En¬ a basis of about 2.19%—v. 161, p.
$3,000 in 1962 to 1965, $3,500 in
close a certified check for $5,000,
2015—are dated May 1, 1945. De¬
1966 to 1969, $4,000 in 1970, $5,000
payable to the City.
nomination $1,000.
These bonds
in 1971 to 1973, as 3 Vis.
;77 '7 :
are due on May 1, 1949.
Callable
Dated May 1, 1945.
Denomina¬
WYOMING
in
whole at 100.25 on or after
tion $500.
The Town reserves the
Nov. 1, 1947 on 60 days' notice.
Laramie, Wyo.
'
right to redeem all of said bonds
on
any interest payment date on
Bonds Voted
An issue of Principal and interest (M-N) pay¬
able in lawful money of the Uni¬
and after 10 years from date of
$775,000 water system extension
ted States at the agency of the
issue on 30 days' notice. Legality bonds was favorably voted at the
approved by Preston, Thorgrim- election held on April 24.
Plans Royal Bank of Canada, New York.
Legality
approved
by
Daly,
son, Turner, Horowitz & Stephen,
regarding the issuance of these
Thistle, Judson & McTaggart, of
of Seattle.
bonds are incomplete at present.
bids
sealed
UTAH
of
Julien Collins &
serially
p.
These
in
five
"„>■
■
budget were
$2 millions
emphasized
the $350,000 expected revenue was
premiums of $13, $17 and
a rough estimate.
At the present
$19 respectively.
1979, $6,000 in 1980 to 1983, and
The Capital National Bank, of
'tax scale $100,000 is the annual
$5,000 in 1984.
Principal and in¬ ' revenue.
Sacramento,
was
the successful
terest (A-O) payable at the First
bidder for the $1,089,000 Sacra¬
The new legislation would re¬
National Bank, Oconto.
mento
turn
to
the province exclusive
Housing Authority, Cal.,
and $490,000 Sacramento County
right to tax mineral rights.
A
Wisconsin Rapids, Wis.
few provincial municipalities levy
Housing Authority, Cal., notes, at
Bond Offering—Nels M. Justesuch taxes, particularly in respect
.24%, plus a total premium of
son,
City
Clerk,
will receive to
$104.
coal, at the present.
It is the
bonds awarded
Chicago;
Braun,
successful
$636,000 Superior Housing
Wis., notes, at .45%,
and
Details—The $20,000
series
2V4%
National Bank,
First
the
$393,000
Housing Authority, Ala., $549,000
Housing Authority, Ala.,
indebtedness bonds.
and
Brothers Harriman &
Brown
and
water
>
Edwards, Inc.,
R. J.
voters
the
National Bank,
New
were
the
for
& Co., Inc., of
Selma
have considered
election to submit to
an
issue of $300,000
sewer extension
and
an
York,
bidders
Council is said to
Savings
Bank, Chicago;
Chase
New
$30,000 iy2% &
of
Pollock
E.
par.
Darlington, Wis.
York, was the suc¬
J., and $449,000 Southwest Georgia
Regional Housing Authority, notes
Wm.
at
7'
.
appropriation for
public debt retirement and the
announcement of a proposal by
the Social Credit Government to
refund more than $113 millions of
election
$112,000 At¬
lantic City Housing Authority, N,
,
161,
and were authorized at the
held last September.
years
cessful bidder for the
O. Menard),
Menard County (P.
sold
$5,000
bonds
building
State—v.
the
mature
bonds
.42%, plus small premiums.
The Chemical
Bank & Trust
Co., of New
to
1144-—were
Conn., and $1,853,000 Wilmington
Housing Authority, Del., notes, at
Texas
sale on May 10
2051—were awarded to
syndicate composed of the Lee
161,
awarded
350,000 Houston Housing Author¬
ity, Tex., notes, at .41%; $4,442,000 Hartford Housing Authority,
Centerville),
(P. O.
County
Leon
Details—The
Sale
municipal
2V2%
' V
Main features of the
the
Summersville, W. Va.
Bond
Pa., notes, at .40%; $2,380,000 Dal¬
las Housing Authority, Tex.; $2,-
nicipal ownership.
bonds offered for
—v.
of New York, was the
successful bidder for the $4,999,000 Pittsburgh Housing Authority,
under mu¬
probable earnings
its
nel
;
Trust Co.,
reported on the value
condition of the property and
and
Ship Chart'
Harris County, Houston
;
have
neers
13 local housing authorities,
awarded as follows:
The Central Hanover Bank &
were
owned water works
the County.
ning.
VIRGINIA
WEST
by
of the local privatelysystem. The
cago, and will deliver the bonds
City has entered into a contract
to
the bank designated by the
with
the Ranson-Davidson
Co.,
purchaser without cost to him. for the sale of revenue bonds to
It is anticipated that delivery can
finance the project.
Details of
be affected before July 1, 1945.
the revenue bond issue will not be
Enclose
a
certified check for determined until the City's engi¬
$1,900, payable to
provide the necessary funds.
Units Award
Notes—The temporary loan notes
in the amount of $21,132,000, of¬
fered on May 1—v. 161, p. 1595—
Planned—Hugh
Bond, Issuance
in
Housing Authority
Housing
Local
Laredo, Tex.
1%;
Vs of
1 •" ';
and Kirbyville.
per
Any rate or rates
in multiples of
crued interest.
Federal Public
the
Alberta
legislature by
treasurer-Premier Ernest
Man¬
capital construction and to make
levies over a period of years to
UNITED STATES
in Jas¬
establishment of airports
nearest par and ac¬
bid which is
Monday, May 14, 1945
FINANCIAL CHRONICLE
COMMERCIAL &
THE
2160
May
on
until 2
15.' for
#
,
—
*
,
—
j)F REDEMPTION
NOTICE
*7,400,00!) DEPARTMENT OF WATER AND
ELECTRIC
CALIFORNIA,
PLANT
SECOND
HEREBY GIVEN that,
NOTICE IS
determined
date
and at
OF
BONDS,
1940
the place
Electric
(herein¬
of-said
issue maturing on December 1 in each and all of the years from 1949 to 1952, both
inclusive, and numbered 3402 to 5691, both inclusive,
bearing interest at the rate
of l3/i per cent, and
all the bonds of said issue maturing on December 1 in each
and all the years 1953 to 1959, both inclusive,
and numbered 5692 to 10891, both
•
Department of Water and Power of The City of Los Angeles
Bonds, Second Issue of 1940, dated December 1, 1940
as Second Issue of
1940 Bonds), consisting of all the bonds
$7,490,000
Plant Refunding Revenue
after referred
All
to
bearing interest at the rate of 2 per
inclusive,
of
the
aforementioned
bonds
are
cent.
fixed
payment
for
1943,
and on any
date
redemption.
The hereinabove
DAY OF JUNE,
by
of
1945,
described bonds
are
CALLED FOR REDEMPTION ON THE FIRST
and are required to be surrendered
for redemption accompanied
coupons, if any, maturing on and after such redemption date, at the
the Treasurer of The City of Los Angeles, in The City of Los Angeles, State
all interest
office
of
at the option of the holder, said bonds may be surrendered for col¬
redemption price thereof at The National City Bank of New York in The
California, or
lection of the
City of New York, State of New
Interest on
Dated:
Longview (P. O. Longview), Wash.
of
York.
the hereinabove described bonds shall cease to
April 30,
accrue on June
1, 1945.
CLYDE
Auditor
and
* ■m
$250,00 revenue
May 3—
161, p. 1823—were awarded to
syndicate composed of Fordyce
& Co. and Charles N. Tripp Co.,
v.
of
the
ERRETT.
Department
Power of The
Toronto.
Medicine
Bond
Election
Water
City of Los Angeles
iZ*
issue
An
both of
per
Portland; William P. Har¬
& Son & Co., Pacific North¬
Co. and the National Bank
shall
maturities
commence
one
CANADA
g
Canada (P. O.
Ottawa)
000
treasury
amounts, that the
first three years,
for
per
and
the
next
year
$15,000
for the next six
Alberta (Province
years,
$10,000 per year thereafter.
Tax
Levy
Retire
Debt
of)
May
March
;
-
Levy
Improve¬
broadened
to
produce
mineral
of
were
on
1, 1946 to 1950 inclu-
3 V4%
refunding
Purchased at
basis
a
on
of
March
a
bonds.
price of 98.75,
about
3.43%.
Due
1, 1951 to 1955 in¬
clusive.
281,500
3V2%
refunding bonds.
a price of 98.50,
Purchased at
basis
a
on
tax
$350,000
Co.,
—
sive.
95,500
Broadened to
Provisions for a
expected
in revenue
and a new tax on un¬
ment Tax—Under the terms of a
bill approved by the 1945 legisla¬ earned increment were among the
highlights of the budget of apture, counties are permitted to
establish .cumulative reserves iox. pfQxiirlately $28 millions tabled
Washington (State of)
Hodgson &
161, p. 824
follows:
basis of about 3.33%. Due
Basis
—
$1,010,—
February,
$66,500 3% refunding bonds. Pur¬
chased at a price of 99.00, a
$25,000 per year
three years,
as
in
awarded
Savard,
issueof $65,000,bills was sold on
after date of issue and
be in such
bonds
sold
Bills Sold—An
shall April 26, at an average yield of
Dated, April 27* 1945.
total 0.369%.
payments including interest on all These bills are due on July 27,
outstanding bonds shall be as fol¬ 1945.
lows:
$35,000 per year for the
ALBERTA
year
Bond Sale Details—The
000
Montreal—v.
of Commerce,
nomination
Longueuil, Quebec
to
-
all of Seattle. De¬
$1,000.
The various
QUEBEC
of
$30,000 water system bonds will
be submitted to the voters at an
election on May 8.
next year,
of
—
.
Wyo.
Bow,
a
Counties
1945.
Bond Sale—The
bonds offered for sale on
west
redeemable December 1,
thereafter prior to maturity, at a redemption price with re¬
spect to each such redeemable bond of the Second Issue of 1940 equal to one hundred
and one-fourth per cent (100V4%) of the principal amount thereof, plus one-fourth of
one per cent (V« of 1%) of such principal amount for each twelve months' period, or
fraction thereof, from the date of redemption to the maturity date of such Second
Issue of 1940 Bond, but not exceeding one hundred three per cent
(103%) of such
principal amount, plus, in each case, accrued unpaid interest thereon to the date
interest
Port
pursuant to the provisions of the bonds herein¬
of The City of Los Angeles has
said bonds and hereby gives notice of such redemption on the
hereinafter, specified, to wit:
redeem
to
REVENUE
REFUNDING
the Department of Water and Power
described,
after
POWER OF THE CITY OF LOS ANGELES,
ISSUE
of
about
3.63%.
March 1, 1956 to
Due
1965 in¬
clusive.
566,500
•
3J/2%
Due March
refunding
1,1965,
bonds.
Dated March 1,1945. Denomina¬
tions
$1,000 and $500.
..
."
"
@FedFRASER