The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
vl
iAY 15 1944
MONDAY
land
om metcull an
Financial Chronicle
Reg. U.
Volume
Price
York, N. Y., Monday, May 15, 1944
New
Number 4281
159
S. Pat. Office
capital and the financing embraced corporations in
variety of industrial enterprises.
Preferred
issues were more numerous than common.
The prin¬
wide
FIGURES
BY
*0.375
Apr
21
Apr
91
99.905
*0,375
Mar 22
Apr
United
21,
with
offering
1943
AND
1942
(Revised
to
$
$
$
the
in
Date)
Yield
Price
Accepted
Applied for
$
$
99.905
*0.375
days
2,128,761,000
1,013,541,000
1 year
10-12 yrs
4,876,511,000
4,876,511,000
100
Apr 1-30 Apr
738,544,634
738,544,634
a
a
Apr 1-30 Apr
12 years
14,969,000
14,969,000
100
2
Apr 1-30 Apr
2 years
299,749,300
299,749,300 100
b
Total
for
April
Total
for
four
7/a
—9,978,849,934
-
months
47,143,849,008
'
a Comprised of three sepa¬
maturity, are sold on a
series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series G
have a 12-year maturity,
are sold at
100, and bear 2l/z% interest,
b Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92% a year and series C, about 1.07%,
♦Average rate
rate
series^
discount
on
bank discount basis,
a
which
of
basis at
E
series
have
FUNDS
OF
New
Total Amount
Type of
Dated
10-year
and yield 2.90%;
75,
USE
New
Indebtedness
Refunding
Accepted
Security
$
$
Jan
13
91
day Treas. bills
Jan
20
91
day Treas, bills
1,006,933,000
1,014,794,000
1.000,234,000
1,000,234,000
1,017,180,000- 1,000,766,000
Jan
27
91
Jan
1
U.
day Treas. bills
S. Savings Eds.
1,698,408,259
Jan
91
6
day Treas. bills
Jan
Depositary
Jan
Tax
Total
Feb
3
for
Notes
91
7,784,000
1,698,408,259
14,690,500
14,690,500
1,216,149,300
1,216,149,300
2,961,307,059
4,015,998,000
6,977,305,059
January
16,414^000
1,008,065,000
1,015,849,000
Bonds.^
Antic'n
7,861,000
—
1,112,000
1,002 ,630,000
1,003,742,000
Feb
10
91
day
day Treas. bills
Treas. bills
1,005,560,000
1,004 665,000
895,000
Total
Feb
17
91
day Treas.
bills
1,012.222,000
1,001 415,000
10,807,000
$
Feb
24
91
day
Treas.
bills
1,007, 481,000
-*1942-
Total
Refunding
Capital
Due
Dated
five years
market in
the
province
Canadian
a
States
—*1943
New
Total
Refunding
Capital
the
April
on
for
financing
new
in
$5,500,000 Province of New Brunswick
debentures.
The issue, which was offered by a
1944,
MONTHS
-1044-
New
first
syndicate headed by Smith, Barney & Co., was for the
purpose of retiring existing indebtedness.
Below we present a tabulation of figures since Jan¬
uary, 1942, showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1943 figures will undoubtedly be necessary from
time to time, particularly as additional private financing
is brought to light in annual reports and otjier places.
.
CORPORATE
*0.375
99,905
2V4%
and $8,500,000, or 5.3%, of
OF
99.905
1,013,435,000
York market of
exceeded the bond total. The stock issues
equally divided amongst refunding and
SUMMARY
1,014,423,000
2,028,440,000
occurred
with $47,310,000, or
new
a
1,927,641,000
days
The
already noted, stock issues dominated the market
in April and
were
almost
days
91
undertaken
the January total.
As
1,007,677,000
91
Apr
last year.
total, $82,000,000, or 51.6%, of the
total reported for February
1,997,811,000
Apr
14
$17,000,000 Louisiana Power & Light Co. first
mortgage 3% bonds, $14,000,000 Cudahy Packing Co.
first mortgage sinking fund 3% bonds and $10,000,000
St. Regis Paper Co. 15-year 33A% debentures.
Municipal financing for April aggregated $16,669,200,
of which $10,139,500 was for refunding purposes and
$6,529,700 for new money.
The April total compares
with $24,742,561 in March and $22,647,568 in April of
added up to $29,195,000, comprising nine separate issues and representing
of the March
91 days
7
Apr
included
for the month
31.7%
Apr
Apr
$29,601,500; Atlantic City Electric Co.,
preferred shares, for $5,500,000, and American
Optical Co., 167,490 common shares, for an aggregate
of $5,401,553.
Bond issues for the month footed up $73,242,000 and
grand total of all corporate issues for April was
$181,100,006, compared with $148,990,455 in March and
$95,686,940 in April, 1943. Of the April total $73,464,341,or 40.6%, was for new money purposes and $107,635,665,
or
59.4%, was for refunding.
The month's financing
followed the trend of previous months in this respect.
compares
Mar 31
of
total
a
55,000
The
This
Offered
for
February, 1937, when
of the total.
Amount
Amount
Date
preferred shares, for an aggregate of $39,048,093; AllisChalmers Manufacturing Co., 296,015 preferred shares,
$140,356,581 was reached.
Seventeen new stock issues
were
brought out in April, compared with eight issues
aggregating $35,980,455 in March, and four issues total¬
ing $13,817,457 in April, 1943.
16.2%
Copy
cipal issues for the month were Celanese Corp. of Amer¬
ica, consisting of 139,622 common shares and 350,000
Corporate issues for the month of April, 1944, were the
largest aggregate for any month this year, and with the
exception of November, 1943, were the greatest in amount
for any month since September, 1941.
This sharp in¬
crease in corporate flotations was in no small measure
due to the numerous emissions of stock issues.
The
month's total of stock issues footed up $107,108,006, the>
financing
a
1944
And Foi The Font Months 01 The Calendar Year
Private
Cents
The United States During The Month Of April
The Capital Flotations In
largest for any single month since
60
NewCapita]
Refunding
$
January..
37,773,350
122,683,000
160,456,350
2,798,000
96,146,215
158,761,995
11,330,000
1,865,000
56,708,875
85,128,964
18,900,500
158,049,090
62,615,780
10,315,000
13,195,000
f<<s,320,126
February.
75,609,375
Feb
1
Treasury
Bonds
1,007,481,000
2,126,896,000
1,920,000,000
56,943,229
38,447,228
95,390,457
79,085,120
39,209,300
118,294,420
Feb
1
Treasury
Bonds
3,331,000,000
3,331,000,000
Feb
1
Certlfs.
indeb..
5,036,000,000
5,036,000,000
Feb
1
Savings Bds.
2,781,474,131
2,781,474,131
$
$
45,455,742
March
•148,990,455
103,534,713
7,517,000
145,844,872
quarter
468,208,800
47,829,228
118,900,457
208,714,121
143,238,764
351,952,885
181,100,006
322,363,928
71,071,229
20,784,940
74,902,000
97,114,003
18,527,000
28,620,611
First
44,743,680
103,841,600
5,806,500
115,641,003
109,648,100
Feb
1
Treasury
U.
S,
Jfotes
of
29,999,425
June—.
6econd
quarter..,.,.
76,827,430
61,685,570
138,513,000
215,458,248
294,863,224
277,783,033
86,019,070
Bonds,
18,349,500
18,349,500
1,017,081,700
1,017,081,700
20,259,806,331
6,143,087,000 14,116,719,331
263,287,476
413,763,681
406,497,154
229,257,834
715,754,988
19,174,700
November..,
Fourth
200,055,800
251,509,204
114,555,562
69,173,850
463,343,276
665,272,885
601,052,716
298,431,684
899,484,400
86,662,467
2,434,300
43,845,700
46,280,000
69,861,543
127,335,693
190,894,281
6,679,000
13,530,876
20,209,876
83,128,500
97,365,272
14,717,010
61,828,990
76,546,000
239,652,510
415,595,246
23,830,310
119,205,566
143,035,876
702,995,786 1,080,868,131
377,872,345
UNITED
FINANCING
IN
STATES
624,883,026
417,637,250 1,042,520,276
TREASURY FINANCING
Amount
Date
APRIL
Offered
Dated
Due
Applied for
DURING
offering 7/s% Treas¬
Yield
%
1944, maturing April 1, 1944, did no special financing.
these
certificates
of
out
a
total
of
$5,251,000,000 outstanding, were exchanged.
of the
maturing issues of Treasury bills were
higher amounts than those issued in April, no new
6
91 days
2.255,535,000
1,014,794,000
99,906
*0.373
7
Jan
13
91 days
14
Jan
20
Jan
21
Jan
27
91 days
Jan
1-31 Jan
1
10-12 yr.
Jan
1-31 Jan
12 years
1-31 Jan
2 years
2,173,694,000
2,273,537,000
2,290,465,000
1,698,408,259
14,690,500
1,216,149,300
1,000,234,000 99.905
1,017,180,000
99,905
1,015,849,000
99.905
1,698,408,259
a
14,690,500 100
1,216,149,300 100
*0.374
*0.374
*0.374
Jan
change to holders of Treasury certificates of Series B-
31
1944
Jan'
Total
for
91 days
January
2
b
raised Yin this
*0.374
tax
Savings bonds,
additional money in April to the Treasury.
refunded
$8,911,398,000,
leaving
an
additional
Treasury
Department
announced
3
91 days
2,459,243,000
1,003 742,000
99.906
4
Feb
10
91 days
2,551,503,000
1,005 ,560,000
99.905
Feb
17
91
days
2,314,407,000.
1,012 222,000
99.905
*0.375
18
Feb
24 —91
dpys
1,978,929,000
1,007 481,000
99.905
*0.375
24
Feb
13 mos.
2,126 896,000
100
Baltimore
Stock
Philadelphia Stock Exchange
Stock Exchange—
St. Louis Stock Exchange:
Pittsburgh
—
1999
2000
--2000
2000
Exchange...—.————2002
Montreal Curb Exchange—
2002
Toronto Stock Exchange
2000
Toronto Stock Exchange—Curb Section
2002
Over-the-Counter Markets...——
2003
Stock
Miscellaneous Features
26 years
1,920 000,000
100
2»/4
General Corporation
15 years
3,331,000,000
3,331 ,000,000
100
2V4
State and
Feb
1 year
5,036,000,000
5,036 ,000,000 100
7/8
2,781, 474,131
a
Feb
1-29 Feb
1-29 Feb
10-12 yrs
12 years
2,781,474,131
Feb
18,349,500
18, 349,500
100
2
Feb
1-29 Feb
2 years
1,017,081,700
1,017, 081,700
/100
b
for
a
and Investment News.1965
City Bond Offerings and Sales, .2018
2024
Municipal Bond Sales In April.
Redemption Calls & Sinking Fund Notices.2006
Dividends Declared and Payable.—
2007
2004
The Course of Bank Clearings
20.259,806,331
February
April
an
Feb
25
Mar
2
91
days
2,151,449,000
1,002 953,000
99.905
*0.375
3
Mar
9
91 days
2,450,653,000
1,011 344,000
99.905
*0.375
Mar 10
Mar 16
91 days
2,094,959,000
Mar 23
91
days
2,116,736,000
1,016 034,000
1,001 105,000
99.905
Mar 17
99,905
*0.375
Mar 30
91
days
1,976,692,000
1,000 649,000
99.905
*0.375
cer¬
*0.375
Mar
This exchange offering will be included in
2
Feb
1
21-26 yrs
74,540,000
74, 540,500 100
2ya
Mar
2
Feb
1
15-16 yrs
93,048,500
93, 048,500
100
2Vi
Mar
tificates of indebtedness of Series C-1944, maturing May
2'
Mar 15
4V2 years
3,743,211,000
3,743 211,000 100
iv2
our
10-12 yrs
709,054,084
709, 054,084
a
a
Mar 1-31 Mar
———
Angeles Stock Exchange
1998
—1999
1999
Exchange Rates
Combined Condition Statement of Federal
Foreign
holders of Treasury
tabulations follow:
Exchange
Feb
Mar 24
Our customary
1998
Exchange.—
Stock
Feb
Jan Feb
Series D-1945 in exchange to
month's tabulation.
—
Stock Exchange
Cleveland
Los
1997
1997
Exchange..
Exchange—1
0.90
offering of %% Treasury certificates of indebtedness of
1, 1944.
(Bonds)——.--1988
Exchange-.——1992
New York Stock Exchange
2,126,896,000
1,920,000,000
Total
in
Page
—.1977
*0.374
11
Feb
Mar
next
.
Exchangi (Stocks)
Jan Feb
working balance of $1,067,451,934.
The
Feb
.
By all of its transactions the Treasury raised $9,978,-"
849,934,
%
,
Stock
Jan Feb
anticipation notes and depositary bonds brought in
some
28
Feb
The usual sales of United States War
Jan
Feb
manner.
•
*
-
—
Jan
money was
.
New York
Montreal
a
6,977,305,059
,
Issue
Detroit Stock Exchange
Jan
Dec
This
.
1943
Jan
certificates of indebtedness of Series B-1945 in ex¬
of
1964)
page
Cincinnati
Price
■
$4,876,511,000
on
Stock and Bond Quotations
Chicago Stock
1944
Amount
Accepted
$
The Treasury in April, outside of
for
In
Boston Stock
TREASURY
all
February-,.,
New York Curb
♦Revised.
As
for
183,729,412
175,942,736
quarter-
Twelve months
ury
Total
60,229,326
64,618,000
58,882,086
14,236,772
—
32,719,350
6,018,000
30,436,500
121,032,738
—
27,509,976
58,600,000
28,445,586
40,673,226
December
84,754,500
101,714,704
65,040,000
201,929,609
months
55,165,000
51,453,404
October
79,311,000
9,875,000
Third quarter—,
65,579,800
22,403,704
;
August
September
Nine
Tax
(Continued
Six months
July
Depositary
Feb
363,802,103
150,476,205
107,635,665
95,812,568
79,404,976
73,464,341
April
May'—
1,920,000,000
Antic'n Notes,
Feb
95,686,940
73,364,291
125,8X1,993
2,126 896,000
Mar 1-31 Mar
12 years
238,123,600
238 123,600
100
2
Mar 1-31 Mar
2 years
37,825,000
37 ,825,000
100
b
Total
for
1
March
-
9,927,887,684
Reserve
Banks
Condition Statement of Member
2010
,2010
—
Banks of
Federal Reserve System
2010
Stock and Bond Averages
1987
1987
1987
Capital Flotations for April.
1961
Transactions N. Y. Stock Exchange
Transactions N. Y. Curb Exchange
M
o
o
£
§
M.
O
>
o
>
r
>
S
o
o
§
r
o
*3
UD
I—t
i—i
CT\
to
10 ,0 0
52.798 0 8,163,752
617,162
Refundi g 154,90753 37,5472
192,3542 17,350 18,2401 27,98452
31,025 47 10 ,0 0 15,23 7 7,546 90
53,925 10 5,0,0 57,461 05 16,8 15
$
185,260
$
-1940
Capitl
8
Total
$
New
134,9085 1,350, 0 7,324,0 3,067,50
Refundig 106,471 0
-194
Total
246,7852 2,850 7.5,4 615 34,8726
Total
146,504 673,1 0 10,974538
708,965
Capitl
23,46730 3,067,50
Total
$
109,540
850, 0
Total
10 ,0
10 ,0 0
31,025 47
8,735,720 2,694.0 5,24,07
5,846173 2,79 63 8,14,0 16,7 967 2,694,0 8,104,70 1,80
'$• 12,60 0 54,73 0 30,6 0 10, 0 1,975,0 25,0 0 134,9085
2,853,80
150, 0
70 ,0
1,350, 0
150, 0
50 ,0 0
58,965
708,965
5,038,10
350, 0
6,096,173 53,92 10
2,50 , 0 10,39 0 13,0 0 57,86 0
Capit l
Total
29,45720 7,40 0 1,92850®
3,50.0
—1941 Refundi g 39,1860
$
'
'
r_ 25,0 0 106,47 0
47,0 0
9,10 , 0 15,470
1, 42,730 2,60 0
Xl5~4 ,Oo6 3,0 ,0
10674 ",0
Refundi g 5, 0, 0 12,97 0
87,4230
91,027 0
3,20 , 0 57,0 0
28,60 0
2,853,80
5,038,10
2,50 , 0
47.0 0
10,391 0 9,10,0 18,40 80 6,180,30 2,60,0 3,14,035 39,46 5
50 ,0
6,087,0 3
18,5270
4: 604,0 X6 X6 6
29.607,20 7,40,0 1,928,50 25,08965 107,8 35
5,87,03
641,035 641,035
109,540
$
New
$
i
.
-1942
,50
35,78 10 10, .0 1,975,0 28,0 0 146,504
4,0 .0 39,1860
.
18,5270 80,54 0 7,957,97
Refundi g 18,5270
—1942 V-$
350, 0 250, 0
/
;.
4,265,0 1,82 ,0 3
13,92 67 38,162 89 82,5 0 41.23563 36,0 .0 1,306,0 13,67162 1,0 ,0 16,92 67 192,3542
58
;
15,64103 90,26 0 59,702347
641,035 7,324, 0
New
New
39,46 5 645, 20 61,039 16 850, 0
-
$
Capitl $
107,8 35 27, 50 39, 462
$
17,5690 1,306.0 5,417,62
—
<2,480 1,80
*<5
350, 0
19,768 0 60,9265 90,36 0 02.60 36,0 0 4,0 .0 21.74,2~ 1.80, 0 1,0 ,0 23,018 0 246,78 52
$
8,14,0 8,031,247
vo
tu
26,5260 4,0 ,0 10,94123
Refundi g 82,5 0 23,718 53 36,0 0 8,20, 0 i*.1-. 1,0 ,0 3,0 ,0 154,90753
28,43670
6,154,0 X6 6. 6
5, 0, 0
12,97 0
604,0
3,0 ,0 93,01 03
6,521,940 3,20 , 0 59,10240
3,019540
50 .0 0
105,98703
15,6403
18,5270
■7-,
•
-
97,1403 9,720 51,74 50
Capitl
95,68 940 41,3650 2,647568
X265.0 0 1,82 03
Total
^X120671915,22874,,068330953.6PNBGtOFiYrotMhfubvepehlro'nadolagnsrmwamgfckunicdp,.ly,tesSFITUTMYOSAFCNOEHPHRIPVNREDASLE
FILFNTMAOAFYOGUEHPVIRCEVPRMNDGSLT,
91,027
Capitl
New
Total
89,1650 6,102740 419,540
$
$
jjew
365,0 0
89,1650
Refundig 52,0 20, 0 "36Xo6
50 ,0
5,8703
72,8650
$
2,102,40
4, 19,540
6,087 03
.50,
97,1403
365,0 0
95,68 940
52,0 0 2,037 0 "3X5,6 6
74,902
-
'
Refundig 72,8650 2,03X60
-
74,902 34,50 12,6 0
$
-1943
Capitl
16,30 47065,40 419,540
$
New
Total
$
$
-1943
"
.
20,78490 6,80 10,31568
Capitl
18,0 6 1*5,0 317460 16, 920
73,24 09 750.0 93,704 13,40 6
2,037,0
Total 6,1270 19,50
$
New
3,20,0 4,50 0
8,60 0
4-
2,102,40
16,30
2,037
''!2,387540
4,8 940 3,20,0 6,02,40
20,78490
10,982540
000
$
*
750, 0
17,0 0 iXl oO 15,0 0 73,24 0
8,05 0
'750, 0
91,3 .06
*7,725,
107, 806 6,127.0 28,30 0 i—* 108,3 06 lX oO
18,0 6
t
';
.
12367,X50,.0
372,364,759;080.1546,736 NOGREUFPWI
CFOORRPEIGANT,
notes —. — notes— — notes governmt.Acis t-e, fbSiunotaclndiyedses Notes—" ectop._r, manufces- —- manufctrig hteoraldtcin.g, —— Not ecotp.r, manufces manufctrig —-_. etci — htroealdtcin.g, — -.— ecotp.r,manufces-* manufctrig. —— 1— htroealdticn.g, ecotp.,manufctres- manufctrig — etc.—._- —, htroealddticinn.gg,, —- securit—:
!
Refundig 52,173 5 750, 0 54,712 90
107,635. 5,0 0 31,460 10,3950
•
$
-194
Capitl 21,06825 38,9X710 13,40 6
73.46,31
$
SOUM AFRY
-
New
OAPRFIL
bLooanngn-dtedsrm Short-em Prestfockre-d stoc—k bLooanngn-dtedrsm Short-e-m Presftockre-d stock bLooanngn-dtedrsm Short-em Prestfockre-d. stock- corpate.
MONTH
Corpate— Domestic—
Com on Candi -
foreign-
Com on Other
Com on
Total
750, 0
Refundi g "19,50OT6 3,58375 lX oO 14,0 0 52,173 5 ^.750, 0
$
CAHARNTDE
i79,401.
6,529,^70
-
-194
8:05,0
4
r
2,10 0 54,712 90 28,30 0
'*/f.
4,562 90
•
Capit l
New
6,127,0
46,70 16
1,50 0 21,06825
13,41625
48,12X65 lX oO
5,62 0
60,21 34
107,635
*■'-
'f
*
$
7,lsX0 73,46 341
|
AOPRFIL
toal-. dfignuoorets BLoonagn-Tdesrm aacesnorid Miscelan—ous BShooarnt-Tdesm aacesnorid- Miscelanous Railroads aacensorid- indausntrdl '— Mis:ce—lanous Railroa—ds utiles- Equipment aacesnorid— indausntrdl : buildngs, -—— Miscelan,ous corpate
Governmt foreignGLooavantnd. ♦Municpal—Stes,Staes _. utile csoteall,,Equipment inadunstrdl . beuildtcngs, — Itnrvuestsmn, Railroa——ds utiles- sctoeall,,Equipment inadunstrdl buildngs,5 —1 _1 Itnrvuestsmn, utiles- sctoeall,,Equipment bueildtncgs, — Itnrvuestsmn, sctoeall,, tInrvuestsmn,
Grand
Can dian Other
Farm
United
♦These
MONTH
Railrods
Tota—l
ub
Public Iron, Motors Other Land, R—er Ship ng
Oil
Total
Public Iron, Motors Other : Land, Rub er Ship ing
oil
Stocks
Total
Public Iron, Motors Other - Land, Rub er Ship ng
Oil
Total-
Total
Public Iron, Motors Other Land, Rub er
Oil
5
Qu
£3
10 ,0 0
10 ,0
90,36 0 31,750 36,0 0 10,7 0 1,80 0 1,0 ,0 350, 0 3,250, 0 185,260
$
tz: 1—1
tr1
Ship ng
<
E
3
o
W
o
o
M
E
O
>
r
>
n
>
C
cr
CJT
o
E
E
O
E
n
r1
r*
at
rt>
KO
ro
00
»—«
•-»
H-1
1—1
CO
vo
Total
gf
.
81,4538 97,30 415,9852 1,625,0
639,8130 13,0 0 124,75690 3,740 93
;
1,32675
645,8 905 85,370 207,9403 :93,19 8
Refundi g 540, 1835 3,0 ,0 10,329 08 617,162
"
$
-1940
154,601 237,4230 14,5 0 24. 5,0 21.80, 2,805,0 1,350 5,80 639,8130
T"•otal
-j1940 Refundi g $
-■
10 ,0 0
13,0 0 13,0 0 79,410.3 58 ,0 5,40ZO 37,8902 1,40,0 l.QO.O IT57 3 158,497083 154,601 316.842,610 42,10 5,40156 62,41 02 21,80 0 2,805,0 1.40,0 1,0 ,0 1,350, 0 10,62753 81,4538
32,8
3,0 ,0 3,0 ,0
137,45602 198.253,0 14,0 0 18,720 10, 0 2,35,0 32,467930 540, 1835
67,5128 1,306,0 19,6712
13,92 67 10,9470 137,45602 65,8045 14,0 0 1,306,0 0 37,8 162 10, 0 2;35,0 49,3057 645,8 905
T1-GFLAOMFVTMUIEENAF3RYAONHNPCMIDDUVRP0TG,SLS194RTCNReTfCeoNRuTCpfNRnoeutidweafoanputifdpnutlwgdinwldgltg$$gl$$23661859,,470"2193056,8509214,75278.60—a_-1*348'■*43:—^■;i26,0'250_ ~rTVyV:■••L!'J'•._——-•-.. Z"Z-*421"—,8■7_5;241192,9,3075035.-tiL9l,09.53—-■^•;0>_„*•—6'687492;2V/.—\691246843,4,918503,62,572338754060ftFGrmfhaoeoIPuMvnBndUSgirccrpblvmligsaaesycysk. MFESAF3YONHPAIDUVR0RELSSJ:——1—9-14—94—3942TRTCCNToeNaeoafufpotputniinwdtdll$$glg$1$'•$-~.•*-.2560,,065>1,627*,30589,73867434h9«_>_-^—-.•*v;532,19408307■4;'—,:.1?8!Z\_I5;"_:~-Z'-lf^tToO73'—08_024619188451,30.,520869,305391,47,7276:75*0,•-—;•>«Z~ZZ;'*■.__-t■_.12,0—— 7■.'2—\71125,200,^1,0;368:"'5,0—•49_V7-'"/•■.;2V17,03548L0*7^.2490,—ZZ~_:_.—61919,053,2628.JsO__—445,0i^7"";—~'l8;_.-.11283,7254,583031956,076,963809.95127''•,7•.24503*;Z'~—_—_—7153474,2,961601259,56308.7.0,>■-_u"-ap.17—[l!~7496219,28,427*3591605;13,065,85380.^34M9
CFOORRPEIGANT,
SOUMFARY
•
165,92478
CITOSURNPHIEAED NCRC"~TNReaaeefopufpunitwintwddillgg
OGNREUPFWI
CAHANR DTE
$EAM3'NOP\NDR0THILSCNaepiwtl$12n,a97ote6ds5 _._380,—24576'• anoted.s :.'naot—eds- corp.—ateGove:rn—mtgovern>-mtGAcis—.5&4'M,u3ni9cp8tal—S2tes,,Pos:e0•i—n 286,4173' fibSnuonctaldoniyesdets 'AE3PNRD0IL N$ot-aesn—d25,63j7-0«9:ecotp_r,man*ufc—e—s.1*'■:or.i27ma,5an4nu1fcd6trig0—etc.—~;-t'•"— thr'oealddtiicn.g,430; 12,9765 Notes—'and "—ce;_tocp._r,mn:uf•'acesori,!amannufdctrig thraoedldtiicnng.g,, ——_ 1 6,20—.ceoatl^p._r, acesori—73m,a8a9nnuf6cdtrig10 —— throealddtciinng,1'85.0—r 96,3758-I J' 25,6370:ec-otpr,mnuf acesori-!—10m,4aa3nu5nfctdrig89— ; —htorealdtcin.g,3-8 219,s3e0curit
1
•
bonds —, stock stock .bonds foreign—- bLoongn-tdersm stock Candian foreign Loaannd Staes toal dfiguores MONTHS BLoongn-Tdersm Railrod—s u^tiles sctoeall,,Equipment industral :— buildngs, trInuvesstmn, Miscelanou BShoornt-Tdesm utiles csoteall,, Equipment and industral trIunvesstmn, Miscelan—ou r utiles- and industral -— Miscelanou ' Railrods utiles-— csoteal,l, Equipment and industral - beuildtcngs, ShipngtrInuvesstmn, Miscelanou corpate
ste l,
trIunvesstmn,
Maontdrs
D—Corp ate omestic— Long-tera Short-em; Pref red Com on Candi — Long-term
Other
Com on
Grand
4
®
These
f
.
cf
Total
%
Other Farm
United
Total
Total
4
Other Land, Rub er
Public Iron,
"
Oil
Public Iron, Mot rs Other
Stocks—
Total
Public Iron, Mot rs Other Oil—- Rub er
Total—
Total
Public Iron, Mot rs Other Land, Rub er
Oil
THE COMMERCIAL & FINANCIAL
1964
Mar
2
Mar
9
91
91
day Treas,
91
Mar 23
Mar 30
1
Feb
1
Mar 15
Mar
1,
Mar
Mar
$
1,002,953,000
1,011,344,000
1,016,034,000
1,001,105,000
1,000,649,000
day Treas, bills
Mar 16
Feb
Refunding
$
day Treas. bills
bills
91 day Treas. bills
91 day Treas, bills
Treasury Bonds—
Treasury Bonds—
Treasury
Notes-..,
U. S. Savings Bds.
Depositary Bonds.
1,002,953,000
1,011,344,000
1,016,034,000
1,001,105,000
1,000,649,000
74,540,500
•
7.4,540,500
93,048,500
first place to common
underwritten by Dillon
Co.; Glore, Forgan Si
Co.; A. C. Allyn and Co., Inc.; Bacon, Whipple & Co.;
Baker, Watts & Co.; Baker, Weeks Si Harden; Ball, Coons
& Co.; Bear, Stearns Ac Co.;
A. G. Becker & Co., Inc.;
Blair & Co.,
Inc.; William Blair & Co.; Blyth & Co.,
Inc.; Alex. Brown & Sons; Central Republic Co., Inc.;
E. W. Clark & Co.; Courts & Co.; Curtiss, House & Co.;
Read
15-year 3%% debentures, due Jan. 1,
provide funds for expansion, additional
working capital.
Price, par and int.
Sold privately to
four insurance companies,' ' •
/' - \
1
*10,000,000 St. Regis Paper Co.
1959.
709,054,084
238.123,600
1
,
,l
Total
March
for
9,927,887,684
Apr
13
1,014,423,000
1,013,435,000
1,013,541,000
1,013,435,000
27
Apr
Savings Bds.
S.
U.
1
Apr
14,969,000
299,749,300
Tax
1,067,451,934
8,911,398,000
9,978,849,934
April—
Total for
2%,
Notes
22,066,000
—
—
71,502,000
97,998,000
17,898,000
120,064,000
Certificates
89,400,000
for
261,000,000
Total
for
75,000
111,601,000
Otis
As
•
.
•
39,000,000
—
150,000
11,060,000
300,121,000
L.
Jackson
Webber,
Paine,
,
1,500,000 Katz
300,000
12,068,000
162,956,000
203,024,000
12,368,000
190,656,000
1,169,468,000
175,218,000
994,250,000
ApriL___
290),
t
Bank
A.
sales of special series certificates and notes; certificates
Service Certificates Fund and Unemployed Trust Fund,
Federal Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement
Fund, Foreign. Service Retirement Fund,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
'
(Preferred
ferred
Life Insurance Fund, National Service
Deposit Insurance Corporation, and
Federal Savings & Loan Insurance Corporation.
Savings
Life
Government
System,
stocks
computed
-
Federal
Fund,
Insurance
stocks of
of
no
their
at
Capital Flotations
During April, 1944
'
Long-Term Bonds and Notes (Issues Maturing Later
Five
Than
•
'
Witter
RAILROADS
Lackawanna
trust
certificates,
1950.
Purpose,
L.
F. Rothschild
equipment
Feb. 1,
purchase of equipment.
Purchased by
As Co. from RFC and placed privately.
C
Co.,
share
semi-annually
due
&
to
Western RR. 2Vz% equipment trust certifi¬
cates, series of 1941 due semi-annually to June 1, 1951.
Purpose, purchase of equipment.
Priced to yield from
0.60%
to 2%
according to maturity.
Purchased from
RFC and
reoffered by Shields & Co.; Halsey, Stuart As
Co., Inc.; Watling, Lerchen & Co.; William Blair & Co.,
and McMaster, Hutchinson As Co.
4,267,000 Grand Trunk
R.
Inc.;
W-
Graham,
Co.;
2Vz%
RR.
Western
&
series
iper
$102.50
&
As
Weeden
Putnam As C«;
Parker & Redpath;
Co.;
As
Inc.
Co.,
Stroud
Baker,
„
Tully' &
Curtis;' Mitchum,
As
son
Coi; " Merrill
Co.
vately
1st mtge. bonds, 3% series
Price, 103 and int.
Of¬
by Halsey, Stuart As Co., Inc.; Otis & Co.; Hornblower As Weeks; Burr As Co., Inc.; Gregory & Son, Inc.;
Welsh, Davis & Co.; Hirsch, Lilienthal As Co.; Nashville
Securities Co.; Rauscher, Pierce & Co., Inc.; Stern Broth¬
ers
As Co.;
White, Hattier As Sanford; Barrow, Leary As
Co.; Field, Richards'& Co.; Green, Ellis & Anderson;
Heller, Bruce & Co.; Leedy, Wheeler As Co.; Mackubin,
Legg As Co.; Marx As Co.; Thomas As Co.; E. W. Thomas
As Co.; Wachob-Bender Corp.; Wyatt, Neal As Waggoner;
due
1974.
Light Co.
&
Purpose,
Arnhold
S.
and
Bleichroeder,
Inc.;
Atwill
Co.;
&
Co.;
As
Newburger
Co.;
As
Alfred
Hano;
O'Gara
&
Arnold;
heimer
'
Cummins,
Wheelock As
land
As
Kendall,
As
Daniel
Inc.;
Blum, Inc.; Shropshire &
Watklns,
Morrow
Co.;
Hilliard
Rice
F.
As
Richards
Co.;
&
OTHER
INDUSTRIAL
Purpose,
000).
3% %
Co.
refunding
Price,
99 V2
AND
J.
4,500,000 National
B.
and
St.
E.
■
int.
Offered
Container
bentures,
Corp.
due
1,
April
by
F.
Hemphill,
S.
Moseley
($853,200).
and
Noyes
&
As
&
Co.,
sinking
15-year
Purpose,
other
refunding
notes
fund
de¬
($1,990,-
($1,410,125),
re
acquisitions
($246,300)
working
Price, 100 and int.
Offered by Van
First
Son;
& Co.; Hemphill, Noyes &
Hornblower & Weeks;' W.
As
Sops.;
Alfred L.
Co.;
As
As
Co.
Higginson Corp.
Chlorine Products Corp, 35,000 shares of $4.25
preferred stock (no par).
Purpose, general
purposes.
Price, $101.50 per share and div.
Offered by F. Eberstadt As Co.; Eastman, Dillon As Co.;
Lee Higginson Corp.;
Coffin As Burr, Inc.; Riter As Co.;
E.' H. Rollins As Sons, Inc.; G. H. Walker As Co.; Paine,
Webber,
JackSon As Curtis;
The Milwaukee Co.; The
Wisconsin Co.; Ames, Emerich As Co., Inc.; Laurence M.
Marks As Co.; Alex. Brown As Sons; Equitable Securities
Corp.; Moore, Leonard As Lynch;
Schwabacher As Co.;
Starkweather
As
Co.;
Spencer Trask As Co,;
Whiting,
Weeks As
Stubbs, Inc.;
Hornblower As Weeks; Kebbon,
McCormick
As
Co.; Stix As Co.;
Boettcher Co.; Brush,
Slpcumb As Co.; Davis, Skaggs As Co. and Stein Bros. As
cumulative
corporate
of
>.
Co.; J. J. B.
E. Hutton &
Co.;
Co.? Laurence M. 1 Marks • As Co,;
Mellon Securities
Merrill Lynch,, Pierce. Fenner & Beane; The Mil¬
Co.;
Mitchum,
Tully & Co.: Morgan Stanley
Co.;
F.
Rollins
H.
Stubbs,
White-
■
5%
1959.
375), repay bank loans
imburse
treasury
for
capital
Co.,
&
Johnston. Lemon &
Inc.;
The
Wisconsin Co. and Dean Witter & Co.
Co. 167.490 shares of common stock
(no
par).
Purpose, working capital, etc.
Price, $32.25
per
share.
Offered by Harriman Ripley & Co., Inc.;
Estabrook An Co.; Blvth As Co., Inc.; The First Boston
Corp.;
Lehman
Brothers;
Paine.
Webber,
Jackson &
Curtis; Goldman, Sachs & Co.; Kidder, Pea>>odv Sz Co.;
Lee Higeinson Corp.; Smith. Barney At Co.: Merrill Lvnch,
Pierce, Fenner Si Beane; Hornblower Si Weeks; Tucker,
Anthonv
Si
Co.; Wbite,
Weld & Co.; Whiting, Weeks
&
Stubbs,
Inc.;
Coffin & Burr, Inc.; Drexel Sr. Co.;
Harris, Hall Si Co. (Inc.); Alex. Brown & Sons; Macku¬
bin, Legg Si Co.; Putnam An Co.; Riter 81 Co.; Chas. W.
Scranton Si Co.;
G. H. Walker & Co.; The Wisconsin
Co.; Bacon, Whipple Si Co.: R. S. D^kson Si Co., Inc.;
Equitable Securities Corp.: Hayden. Miller Si Co.; J. J. B.
Hilliard Si Son: Piper, Jaffray & Hopwood: Singer, Deane
Si
Scribner; Watling, Lerchen Si Co.; Baker, Weeks Si
Harden; Boettcher and Co.; Bosworth, .Cbanute, Loughridge & Co.; Doolittle. Schoellkopf A* Co.^.,farwell, Chap¬
5,401,553 American
MANUFACTURING
Louis
Corp.;
Curtis;
sinking fund debentures due 1959.
($1,568,000), working capital ($932,-
Hilliard & Son.
Boston
S. Moselev & Co.; Paine, Webber, Jackson &
Putnam & Co.; Reynolds & Co.; Riter An Co.;
<fe "Sons, Inc.; Chas. W. Scranton A1 Co.;
Shields & Co.; Smith. Barney & Co.; Stein Bros. & Bovce;
Stone & Webster and Blodget, Inc.; Spencer Trask & Co.;
Tucker, Anthony & Co.; Union Securities Corp.: G. H.
Walker As Co.: White, Weld
Co.: Whitin?. Weeks &
<&
-
Metropolitan
and J.
First
waukee
'
Co.,
Co.;
Brown
Boyce.
Corp.;
$19,500,000
$2,500,000 Mengel
Lee
Kebbon, MoCormick Ai Co.;
Kidder, Peabndy & Co.; Kuhn, Loeb & Co.; W. C, Langley & Co.; Lazard Freres & Co,; Lee Higeunson Corp.;
Lehman Brothers; Carl M. Loeb, Rhoades & Co.; Loewi
Co.;
Co.'; Edw. Lowber Stokes As Co.;
Co.; Weil & Co., Inc.; The
Phillips Co., Inc., and F. S. Yantis & Co., Inc.
Miller
Hayden,
Braun,
&
&
Alex.
3,552,500 Westvaco
■
Baum, Bern-
Inc.;
Sons;
Chapman
Farwell,
Co.;
Monroe & Co.;
Brooke, Tindall & Co.; Brush, Slocumb As Co.; Coburn &
Middlebrook; Curtiss, House As Co.; John Dane;. Davis,
Skaggs & Co.; Francis I. du Pont As Co.; Ferris, Exnicios
As Co., Inc.; Foster As Marshall; Wm. P. Harper As Son
& Co.; Carter H. Harrison As Co.; J. H. JHilsman Co., Inc.;
Kalman & Co., Inc.; Lamar, Kingston As Labouisse; Loewi
As
Co.;
W.
L.
Lyons As Co.;
McDonald-Moore & Co.;
Mason-Hagan, Inc.; Mason, Moran & Co.; A. E. Masten
As Co.; Wm. J. Mericka & Co., Inc.; Milhous, Martin As
McKnight, Inc.; Norris As Hirshberg, Inc.; Nusloch, Baudean & Smith; Park-Shaughnessy & Co.; Patterson, CopeBoettcher
Co.;
As
Harden' A. G. Becker & Co., Inc.;
Butler, Herrick & Marshall; H. M.
As
and
shares)
(4,279
Shields
and
Michigan Corp.; Glore, Forgan As Co.; Goldman, Sachs
&
Co.;
Graham,
Parsons
&
Co.; Hallgarten
& Co.;
Harriman Ripley & Co., Inc.; Harris. Hall '& "Co.
(Inc.);
Peters, Writer As Christensen, Inc.; Walter Stokes As Co.;
Ward, Sterne, Agee As Leach; Woolfolk, Huggins As Shober;
Weil
Brown
share with a group of investors.
Blyth As Co., Inc.: A. C. Allyn &
per
included
Weeks
Co.
*2,000,000 United States Potash Co. 20,000 shares of 4% cumulative
preferred stock (par $100).
Purpose, refunding ($1,400,C00),
expansion
($600,000)..
Placed privately
through
Byllesby & Co., Inc.; Central Republic Co. (Inc.); Clark,
Dodge & Co.; Dillon, Read A- Co.; Drexel & Co.; East¬
man,
Dillon & Co.; Emanuel & Co.; Estabrook & Co.;
Bacon,
As
Baker,
Alex.
Whipple & Co.; Elkins, Morris & Co.; The First Cleveland
Corp.; Johnson, Lane, Space As Co., Inc.; A. M. Kidder
As Co.; Martin, Burns As Corbett, Inc.; W. H.
Newbold's
Son
$105.50
at
Underwriters
refunding.
fered
95,000
Purpose,
sold by Auchincloss, Parker As RedBaker As Co.; J. M. Dain As Co.; Paul
Ferris As Hardgrove;
Hornblower As
Weeks; Kebbon, McCormick As Co.; Kidder, Peabody As
Co.;
Merrill
Lynch,
Pierce.
Fenner As
Beane; Paine,
Webber, Jackson As Curtis; Piper, Jaffray As Hopwood,
par.
iii ratio of one new share for each six common shares
held.
Unsubscribed
portion
(24,248 shares)
placed pri¬
by Coffin & Burr, Inc. and Dean, Witter & Co.
17,000,000 Louisiana Power
Price,
500).
par
Co.
(par $5).
Hopwood
Davis
H.
($15,600,000), working capital. ($14,001,Offered to common stockholders at
refunding
pose,
$2,500,000 Arizona Edison Co., Inc. 1st mtge. bonds 3%% series due
1974.
Purpose, refunding.
Price, 105% and int.
Offered
stock
Waters
path;
AND MANUFACTURING
$29,601,500 Allis-Chalmers Manufacturing Co, 296,015 shares of 4%
"cumulative convertible preferred stock (par $100).
Pur¬
UTILITIES
As Curtis; Piper, Jaffray As HopSi Tracy, Inc.; Stein Bros.
and Dean Witter As Co.
Rogers
Co.;
As
Stix As Co.
Manufacturing
A
tion
$8,050,000
INDUSTRIAL
Ross
1,879,360 Northwest Airlines, Inc. 117,460 shares of common stock
(no
par).
Purpose, general corporate purposes.
Price,
$16 per share.
Offered to stockholders in ratio of one
new
share for each two shares held.
Unsubscribed por¬
'•V
PUBLIC
Riter
Jaffray As
Lynch,
Pierce; Fenner As Beane; Eastman, Dillon'As Co.; Shields
As Co.; William Blair As Co.; Edward D. Jones & Co. and
Wisconsin
The
Co.;
Boyce;
H.
$100
•
As
Pierce, Fenner As Beane;
Merrill,
Milwaukee Co.; Moore, Leonard As
As Co.; Maynard H. Murch As Co.;
Lynch,
Merrill
shares of convertible
acquisition and working
Offered by Baker, Simonds
Co.; Straus Securities Co.;
Ryan-Nichols As Co.; King, Wulf As. Co.; Mercier, Mc¬
Dowell As
Dolphyn; H. H. Butterfield As Co.;
Taussig,
Day As Co., Inc.;
Dempsey-Detmer As Co.; O'MelvenyWagenseller As Durst, Inc.; Barrett Herrick As Co., Inc.;
Johnston, Lemon As Co.; Geo, W. Baron As Co.; BradburyAmes Co.; Brailsford Co.; Dempsey-Tegeler As Co.; Jenks,
Kirkland As Co.; Link, Gorman As Co., Inc. and Dudley
,
.
cumulative
Price,
Inc.; Charles Clark As Co.; Ferris As HardHemphill, Noyes As Co.; W. C. Langley As Co.;
Brothers;
Loewi As Co.;
McDonald-Coolidge As
3,000,000 Minneapolis-Honeywell
Regulator Co. 30,000 shares of
4%
cumulative
preferred stock,
series D (par $100).
Purpose,
general
corporate
purposes.
Price, $105 per
share and div.
Offered by Union Securities Corp.; Piper,
-
!
share.
capital. Price, $10 per share.
As Co.; Van Alstyne, Noel As
'
Commercial Telephone Co. 21,000 shares of $4.75
preferred) §tqck (no .pa(), Purpose,: refunding.
per share.
Offered by Paine, Webber, Jack-
2,100,000 Illinois
OTHER
$6,127,000
G.
class
:
and div.
Offered by Shields As Co.;
A. C. Allyn As Co., Inc.; A. G. Becker
Pressprich As Co.; Spencer, Trask &
Auchincloss,
and
Co.
($10,987,710).
Price,
by same bankers as
.
Cigar Corp. 40,000 shares of $4.75 cumula¬
stock (no par). Purpose, refunding. Price,
Offered by Eastman, Dillon As Co.;
Becker As Co.; H. M. Byllesby As Co., Inc.; Central
950,000 Miller
Inc.
Parsons
'Inc.;
Co.,
Watts
Offered
stock,
'
\:
White, Weld As Co.;
As
*$1,860,000 Delaware
As
5,500,000 Atlantic City Electric Co. 55,000 shares of 4% cumulative preferred stock (par $100). Purpose, refunding. Price,
Years)
purposes
div.
common
,
,
Co.
&
and
2,000,000 Cornell-Dubilier Electric Corp.
20,000 shares of $5.25
cumulative preferred stock, series A (no par).
Purpose,
working capital, general corporate purposes. Price, $100
per
share and div. - Offered by Eastman, Dillon As Co.;
McDonald-Coolidge As Co.; Kidder, Peabody As Co.; Mer¬
rill
Lynch, Pierce, Fenner As Beane and Paine, Webber,
Jackson As Curtis.
\
*
1
par
Co.,
Stroud As Co., Inc.;
Trask As Co.; Tucker,
Walker
Stubbs,
Co.;
Securities Corp.; G. H,
Co.; Whitine, Weeks As
and Dean Witter As Co.
Paine, Webber, Jackson
.j
4,500 shares of $5 cumulative
preferred stock (no par),
Purpose,. refunding. Price", $100
per
share.
Offered by Coffin & Burr, Inc.,, and Dean
Edison
$450,000 Arizona
As
Spencer
corporate
the
per
wood;
•
PUBLIC UTILITIES
Details Of New
Stix
Wisconsin Co.
Lynch; Mullaney,
value are taken at par, while pre-,
par value and all classes of common stock are
offering prices.)
-•
n
'
'
stated
a
Schoell¬
Schwabacher As Co.; Scott
preferred
Co.;
STOCKS
to
Parrish
Republic Co.,
'v \
♦Comprise
Co.;
Corp.;
share
Turben
Boston.
of
New-
Ohio Co.;
Putnam
As
Co.;
Reinholdt As Gardner;
Inc.;
Inc.;
Union
Weld As
general
$97.50
{2XU, 2%, 2V2, 2%. 2%%)
due semi-annually Aug. 1, 1944-April 1, 1949.
Pur¬
refunding.
Price, par and int.
Sold privately to
National
H.
W.
The
Curtis;
Corp. of America 350,000 shares of $4.75 first
stock (no par).
Purpose, refunding ($23,662,-
per
tive
*$750,000 Arizona Edison Co., Inc., serial
pose,
As
White,
grove;
...
As
3,900,000 Consolidated
,
.
Co.;
Co.;
Hopwood;
As
Co.,
Co.;
underwrote
'
UTILITIES
PUBLIC
As
The
$99
,•
sold to Adjusted
and notes
Co.;
Lehman
$15,500,000
As
Pomeroy,
American
preferred
Metropolitan St. Louis Co.
notes
Total for. four months___
' ■<
27,700,000
175,024,000
and William Blair As
Curtis,
As
As
Riter As Co.; E. H. Rollins As Sons, Inc.;
As
Brothers
34,650,000 Celanese
due 1959.
Price, 102.
Becker & Co., Inc.; Stern Brothers As Co.,
Offered by A. G.
and
fob
Hutton
Inc.;
Co. 4%" sinking fund debentures,
pay bank
loans, working capital.
Drug
Purpose,
28,000,000
As
Murch
H.
Rothschild As Co.; Salomon Bros. As Hutzler;
Stern
As
v.-..-;;.;.---
■
Pierce, Fenner
Milwaukee Co.;
Lynch; F. S.
As
Stringfellow; ,Shields As Company; I. M. Simon As Co.;
Singer, Deane As Scribner; Smith, Barney As Co.; Smith,
Moore As Co.;
Starkweather As Co.; Stein Bros. As Boyce;
Anthony
Co.
.
AprilCertificates
F.
Leonard
Webber, ' Jackson
Jaffray
Pierce
The
Co.;
Newhard, ,Cook
Paine,
Piper,
Co.;
kopf,
W
'
338,971,000
11,210,000
350,181,000
March
for
Maynard
Co.;
Co.;
As
Moore,
As
'
38,850,000
311,181,000
—
As
Turben
Co.;
As
Co.;
As
Son
As
Rauscher,
.
Notes
Tully
Reynolds As Co.;
for 15 years.
Penn Mutual
1
$14,000,000 Cudahy Packing Co. 1st mtge. sinking fund bonds, series
B, 3% due 1964.
Purpose, refunding., Price, 100 and int.
Offered by Halsey, Stuart & Co., Inc.; Goldman, Sachs
& Co.; Central Republic Co., Inc.; Ladenburg, Thalmann
As Co.; F. S. Moseley As Co.; A. G. Becker & Co.,
Inc.;
:
'
Hallgarten As Co.; Shields As Co.; Blair As, Co.,
Inc.;
295,123,000
111,676,000
406,799,000
February
Certificates
Total
hold's
MISCELLANEOUS
34,198,000
March—
Total
Moseley
■.
3%% .notes
Placed privately with
Insurance Co.
260,925,000
145,799,000
:—
————
First Cleveland Corp,; First
The
Corp.;
Merrill,
Beane;
Swiss
February—
Notes
&
$15,115,000
Certificates
Boston
>:■■■}:■: McDonald-Coolidge & Co.';, Merrill Lynch,
169,500,000
39,964,000
209,464,000
January
First
Fdumrd D.
Jones
&
Co.:
Kebbon,
McCormlck Si Co.;
Kidder, Peabody Si Co.; W. C. Langley & Co.; Lee Higginson Corp.; Lehman Brothers;, Carl M. Loeb, Rhoades
,■&: Co.; Laurence M. Marks As Co.; A. E. Masten & Co.;
"
Society of the United States.
refunding.
Purpose,
Life
Total
'
*2,500,000 Mayflower Hotel Corp., Washington, D. C.
dated April 15, 1944 and due quarter-annual
January-
Co.;
Michigan Corp.; Folger, Nolan & Co., Inc.; Goldman,
& Co.; Graham,
Parsons & Co.; Harriman Ripley
Mitchum,
Co.
As
Assurance
$
,
|
*2,400,000 McGraw-Hill Building 1st mtge. 12-year sinking fund 4s.
Purpose, refunding.
Placed privately with Equitable Life
Net Issued
Retired
Issued
r
Purpose,
Ziegler
♦INTRA-GOVERNMENT FINANCING
1944
Co.
Carroll University 1st ref. mtge. (IV2, 2, 2%, 2%,
3%) serial bonds due semi-annually to May 1, 1959.
refunding. " Price, 100-101. ^Offered by B. C.
530,000 John
;l'
47,143,849,008'28,013,368,000 19,130,481,008
&
Co., Inc.; Harris, Hall & Co. (Inc.); Hayden, Miller
Co.; Hayden, Stone Si Co.; Hemphill, Noyes & Co.;
Si Weeks;
W. E. Hutton & Co.; Illinois Co.
of
Chicago;
Janney
&
Co.;
Johnston, Lemon & Co.;
United States.
Society of the
Assurance
Total for four months—
Dominick
Inc.;
Dillon
&
Hornblower
*6,500,000 Eastern Offices, Inc. 1st mtge.. 15-year sinking fund 4s..
Purpose, refunding.
Placed privately with Equitable Life
14,969,000
299,749,300
Depositary
Apr
S. Dickson & Co.,
Co.;
Eastman,
Co.;, R.
Drexel
&
Purpose,
privately with New England Mutual Life Insurance
738,544,634
Bonds-
Antic'n Notes-
Apr
loan.
*2,820,000 Cunard Building (25 Broadway Corp.) 10-year mortgage
loan (interest rate 3%-3V4%). Purpose, refunding. Placed
4,876,511,000
4,876,511,000
738,544,634
indeb..
of
Certifs.
Mar 22
14,189,000
1,013,541,000
&
&
Bronx, N. Y. City 20-year 3% 1st
refunding.
Placed privately with
Mutual Life Insurance Co.
'
■
'
Institute,
Hallows
mtge.
1,000,234,000
BUILDINGS, ETC.
LAND,
*$365,000 All
Apr 20
&
Dominick;
The
of
1,007,677,000
day Treas.
Dain
Stanley
Morgan
Sachs
985,002,684
8,942,885,000
1,007,677,000
—
bills
91 day Treas. bills
91 day Treas. bills
91 day Treas. bills
91
6
in
unsubscribed portion
Co.;
Equitable Securities Corp.; Estabrook & Co.; Fahey, Clark
& Co.; 1 Farwell,: Chapman & Co.; Field, Richards & Co.;
$17,000,000
Apr
Offered
purposes.
&
M.
&
1
Purpose,
37,825,000
37,825,000
par).
stockholders,
J.
93,048,500
3,743,211,000
3,743,211,000
709,054,084
238,123,600
Tax Antic'n Notes-
*
$
of America 139,622 shares of common
Price, $31.50 per share. Purpose, general
Corp.
(no
corporate
Clucas As Co.;
Hayden, Stone As Co.; Stifel, Nicolaus As Co., Inc.; Chil¬
dress
& Co.;
Cohu & Torrey; A. G. Edwards As Sons;
Courts & Co.; Lester As Co.; Parrish As Co.; Boenning As
Co.;
R.
H.
Johnson
&
Co.;
O'Melveny-Wagenseller &
Durst, Inc.; Johnston, Lemon As Co.; Stein Bros. As Boyce;
Moore, Leonard & Lynch; Boettcher As Co.; Ames, Emerich
As Co., Inc.; Woolfolk, Huggins As Shober; Johnson, Lane,
Space & Co., Inc., and Oscar Burnett & Co.
Richards As Co.; Starkweather As Co.; E. W.
Indebtedness
Accepted
Security
stock
&
New
Total Amount
Type of
Dated
4,398,093 Celanese
Alstyne, Noel & Co.; R. S. Dickson As Co., Inc.; Butcher
Sherrerd; Schoellkopf, Hutton As Pomeroy, Inc.; Hill,
page)
(Continued from first
Monday, May 15, 1944
CHRONICLE
man
Inc.;
An
CMISCELLANEOUS
$1,125,000 American Casualty Co. of Reading, Pa. 100,000 shares of
capital stock (par $5).
Purpose, to increase capital and
surplus. Price, $11.25 per share.' Offered to stockholders
at. $11 per share in ratio of one new share for each
share held.
Unsubscribed portion underwritten by Huff,
•
Geyer As Hecht;* Paine; Webber, Jackson As Curtis; McDonald-Coolidge As Co.; Buckley Brothers; Reynolds As
■
'
OutirfU
Co.;
Ferris
Johnson,
Company.
$91,333,006
Lane,
Folaer,j Nolan Si Co.,
Space and Co., Inc. and The Ohio
An
Hardgrove:
Company;
As
Cohu As Torrey; First Cleveland Corp.; Loewi
Butler-Huff As Co.; Joseph As Co., Inc.;
Revel Miller As Co.; Stein Bros. As Boyce;
ComDany;
The
Ohio
&
Sutro
Co.,
Co.;
Co.;
Wulff,
Hansen As Co.
and Hincks Bros. As
Inc.
Stores, Inc. 60,000 shares of 4V2% convertible pre¬
stock (par $100).
Purpose, refunding ($2,100,000),
capital,
additions,
etc.
($3,900,000).
Price,
$105.50 per share and div.
Offered by Lehman Brothers;
Wertheim
As Co.; Adamex Securities Corp.; Auchincloss,
6,000,000 Bond
ferred
working
<
Parker
As
Co.;
As
A.
Redpath; J. S. Bache As Co.; Bear, Stearns
G. Becker As Co., Inc.; Blyth As Co., Inc.;
Clark, Dodge As Co.; R. S. Dickson As Co., Inc.; Dominick
As
Dominick; Doolittle, Schoellkopf As Co.; Emanuel As
,
Co.;
Equitable
Hallgarten
As
.
Weeks;
As
Co.;
Co.;
Piper,
As
Goldman, Sac>-s As Co.;
Jaffrav
As
Hopwood; L. F. Rothschild, As
Simon As Co.; Stein Bros. As Boyce; Stroud As
Inc.; Union Securities Corp.; Vietor, Common,
Co. and Whiting, Weeks As Stubbs, Inc.
I. M.
Company,
Dann
Securities Corp.;
As Co.; Hemphill, Noyes As Co,; Hornblower
Merrill Lynch, Pierce, Fenner As Beane; Otis
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
Volume 159
250,000 Canadian
600,000 Home Insurance Co. of Hawaii, Ltd. 20,000 shares of
capital stock
(par. $20).
Purpose, to' increase capital
and surplus.
Price," $30 per share. Offered for subscrip¬
stockholders,
to
tion
■
.
Issues
Government Agency
and
Loan
Farm
'
'
$78,000 All
Representing New Financing
American
stock.
Price,
(no
Aviation, Inc. 12,000 shares of common
$6.50 per share.
Offered by Blyth & Co.,
103,437 General Foods Corp. 2,500 shares of common stock (no
par).
Price,-$41% per share. Offered by Blyth & Co.,
Optical Co. 62,510 shares of common stock
Price, $32.25 per share. Offered—For list of
offering
see
under American Optical
par).
bankers
Co.
359,672 Hercules
share has been declared on the common
stock, payable May 15 to holders of record April 29. A distribution
of 50 cents per share was made on Feb, 15, last.
Payments in 1943
were
as
follows: Feb. 15 and May 15, 25 cents each; Aug. 14 and
dividend of 35 cents per
15, 50 cents each; and Dec. 15, 25 cents.—V. 159, p. 545.
fill
the
action
director to
occasioned by the death of H. H. Conland.
vacancy
Similar
by the boards of directors of the Aetna Casualty &
taken
was
Surety Co. and the Automobile Insurance Co.
-
Mr.
of
McKeon
Charles
the
W.
senior
the
is
&
Scranton
the investment banking firm
New Haven.
He is a director of
in
partner
of
Co.
Co., a director and member of the executive com¬
Security Insurance Co. of New Haven and its affiliated
companies, a trustee and member of the executive committee of the
New Haven Savings Bank, and a director of the Acme Wire Co. of
New Haven.—V. 159, p. 633.
of common
stock
Pierce,
(no
+348,750 (F.
Offered by Smith, Barney
of
,
The
directors
22,100 shares first converti¬
$10.
Offered by Gillis,
*
INDUSTRIAL
-
$11,227,634
par
Co.
&
^
W.
Hicks,
elected
W.
O.
to
Honorary
W.
are:
the
declared
have
of
dividend
a
7J/a
cents
per
share
on
stock, par $1, payable June 1 to holders of record May 2Q.
This compares with an initial cash distribution of 20 cents per share
and
a
50%
stock dividend which were both paid on Dec. 1, last
A.
159,
p.
Allis-Chalmers Manufacturing Co.
Profit
before
Results
charges
and
and
1942
$6,512,138
The
special offerings.
^Indicates
taken
W.
an
individually' owned business
under the name of "American
organized to design and build
over
Townsley
Company
was
5,080,000
*4,504,000
$1,432,138
$1,201,097
1,776,092
1,776,092
Common
$1.01
$0.81
$0.68
s'Upon
1944;
$46,475,895
$79,004,045
in March,
New
for
200
income
for
in
000
+$0.72
the fourth quarter of 1942 was $2,819,344, but
year-end adjustments and approximately $1,500,-
respect of estimated
refund
post-war
(debt retirement credit),
profits taxes for prior periods in-1942.
The net income for
quarter,
excluding
the
post-war
credit
of $1,500,000,
excess
fourth
to
$1,319,344, or 74 cents
share.—V. 159, p. 1649.
a
time
«:
on
believes
as
plants
can
■
div.
Note—The
was
The
of
class A
(5c
of
no
proceeds
estimated
expenses
the
for
Delaware
corporation
11, 1944 to acquire the business of
the same name, theretofor capitalized
of
value
par
be
to
is
March
and
at
stock.
common
received
estimated
are
350 000 shs,
financing.
capitalization
on
*50,000 shs.
350,000 shs.
present
corporation
shares
50,000 shs.
(par $1)
value)
of
above
stock
stock
par
organized
York
net
class A
net
Y„
completion
the
such amount included
N.
stock
which
$303,835,151;
The
cumul.
March, 1942,
Unfilled orders on March 31, 1944, totaled
$183,705,029 in 1943, and $170,432,849 at the close of
in
of Quick Frozen
operators
.■
20c
1943, and $52,117,338 in March, 1942, and orders booked,
in March, 1944; $59,748,075 in March, 1943, and $92,-
1942."'
to
locker
1,776,092
to
other
plants on a management fee basis.
of the company's own operating plants
management
time
tional
t
March,
$46,912,552
with
contracts
management
that it can expand its chain operation
opportunities present themselves and that addi¬
be opened in an area comprising New York,Pennsylvania, Massachussetss, New Jersey and Connecticut.
To be ',
Capitalization-—
Authorized
Outstanding-
$5,705,097
from
$1,789,693
Note—Billings amounted
in
$109,968
*$0.66
had
Charles
Plains,
7,500,000
amounted
1943
$149,805
■'
placed privately,
selected locations.
1942
Outstanding common shares
Earnings per share
the
Years
9,000 . shares of capital Stock
per
shares,
Originated with
Fenner & Beane and Shields & Co.
$38%
was opened at
July 10, 1943, with approximately 1,700
lockers.
The second was opened at Larchmont, N. Y., on or about
Sept. 1, 1943, with approximately 645. lockers.
The third was opened
on or about Oct.
1, ,1943, at Rye, N. Y., with 377 lockers. .All lockers
are rented with a
waiting list of new patrons desiring to rent lockers
and some of the present renters
requesting additional lockers,
Company owns no real estate but leases its plants in carefully
profits
exc.
income
Net
of
v.;-;V
for Calendar
year.
(no
Reynolds
Co,
Price,
Lockers".
first
White
Subs.)—Earns.
3943
$9,239,693
i
taxes—-
Estimated Fed, inc.
(&
make
The
1545.
1944
Quarters Ended March 31—
common
T:,
by
Food
Food Locker
F.
taries, and J. J. Grogan, Auditor.—V.
349,022
directors
by
Frozen Food Lockers for others and to operate a chain of
locker plants in selected locations for its own account.
Because of the experience of the management it is also intended
Carr, F. H. Stephens and A. F. Dohn
Vice-Presidents of the company.
Other
Detwiler, Chariman; H. G. Batcheller,
Executive Vice-President; Frank B. Louns-
James
named
been
taxes,
Airplane & Marine Instruments, Inc.—17Cent Div.—
stock
common
Originated
"
issues
corporation
operated
Frozen
.
dent in charge of sales; E. B. Cleborne, Vice-President; E. J. Hanley,
Secretary and Treasurer; W. L. Dankmyer and H. B. Pavitt, Assistant
Treasurers; J. J. Coleman and S. A. McCaskey, Jr., Assistant Secre¬
Inc.—20-Cent Regular Dividend—
regular dividend of 20 cents per
share on the common stock, par $1,
payable June 8 to holders of
record May 31.
A similar distribution was made on March 8 last.
Payments in 1943 were as follows: March 25 and June 25, 12% cents
each; Sept. 25, 20 cents 'regular and 35 cents extra; and Dec. 24,
20 cents regular.—V. 159, p. 723.-\
://'
The
common
MISCELLANEOUS
-
which
on account of
taken in these
of
shares
share.
per
Woolworth
$1Q).
,
Indicates
INSURANCE
-
4,000
Co,
$22'A
Merrill Lynch, Pierce,
Givens,
berry, .Vice-President in charge of manufacturing;
V.
B. Browne,
Vice-President and Technical Director;
Russell M. Allen, Vice-Presi¬
May 1 declared a
on
of
Offered by same
Quick
the
Air Associates,
shares
'
W.)
(par
i;,
•
Connecticut
mittee
60,000
Inc.
Penn Oil Co. 5,000 shares of common stock (par
Price, $41 per share,
Offered by Merrill Lynch,
Fenner & Beane.
$25).
Honorary Vice-Presidents Named—
Lewis
President;
a
Lines,
Price, $15.5d per share.
the preferred stock.
Bit
Price,
205,000 South
'
officers
been elected
John J. McKeon of New HaVen, Conn., has
shares
4,626
profits tax of $2,402,730, and for estimated refund
renegotiation of 1944 war business,
Credit has been
figures for 10% excess profits tax refund.
have
Aetna Life Insurance Co.—New Director—
Co.
Powder
/
Russell
PUBLIC UTILITY
■
Acme Wire Co.—Tp Pay 35-Cent Dividend—
Nov.
Co.
221,000 Industrial Brownhoist Corp.
ble preferred stock
(v.t.c;)
302,400 Blue Ridge Corp. 6,300 shares of $3 convertible preference
stock (no par).
Price, $48 per share. Offered by Shields
& Co. and George D. Bonbright & Co.
RAILROAD
common stock (par $1).
Offered by Kobbe, Gearhart & Co.
Price, $77% per share,
par).
&
Roller
par).
42,700 shares of
Corp.
Price, $2% per share.
above.
t52,500 American Stove Co. 2,500 shares of capital stock (no
par).
Price,
$21
per
share.
Originated with Clark",
Dodge & Co.
<
t89,000 Reed
co.'
101,403 Harvill
making
'
A
stock (par $10).
Inc.
2,015,947 American
.
930,000 Moore-McCormack
banker who offered
Inc.
'
2,910,000 Moore-McCormack Lines,
Inc.
60,000
shares
of
$2 50
cumulative preferred stock
(par $50). Price, $48.50 per
share.
Offered by Kuhn,
Loeb & Co.; A. C. Allyn &
Co'., Inc.;, Central Republic Co.; Grubbs, Scott & Co.;
Johnston, Lemon & Co.; Ladenburg, Thalmann Corp!;
Maynard H. Murch & Co.; E. H. Rollins & Sons, inc.
and Schroder Rockefeller & Co., Inc.
1125,400 Foster Wheeler Corp. p,700 shares of 6% preferred stock
(par $25).
Price, $22 per share.
Originated by Shields
& Co. and Geo. D. B. Bonbright & Co.
>
.
Issues Nbt
Smith, 'Barney & Co.
& Co. 55,000 shares, of common stock' (no par).
Price, $37% per share» Offered by Reynolds ,& Co.; Lghma
Bros, and Union Securities
Corp.
•
debentures,
& Laughlin Steel Corp, 38,000 shares of common
(no par).
Price, $22% per share. Originated with
stock
2,076,250 Deere
Intermediate Credit Banks
consolidated
%%
dated May 1,. 1944, due Jan. 2, 1945.
Purpose,
refunding.
Price,
par.
Offered by Charles R.
Dunn, fiscal agents, New York.
$31,460,000 Federal
,
+840,750 Jones
+218,125 Commercial Investment Trust Corp. 5,000 shares of cap!*
tal stock (no par).
Price, $43% per share. Originated by
Hallgarten & Co. and Shields & Co.
,
.
.
National Ry. 4%%• bonds due, July 1, 1957.
$118 to yield 2.86%.
Offered by Wood, Gundy <&
Co., Inc., New York,
'
Price,
-
'
$7,725,000
1965
the
by
from the sale
company
approximately $77,000
be. used
to
are
by
the
after
of
deductions
the
extent received for the following purposes:
(a) Approximately $10,000
for
the payment
of current labilities,
'.(b) Approximately $45,000
for the establishing of two additional locker
plants,
(c) The balance
of the proceeds
to be received by the company is to be used for
working capital and general corporate purposes.—V. 159, p. 1442.
company
as
to
,
Net
profit after
Federal
Earnings
*On
all
provision
taxes
:
share
per
228,150
for
——
...———
shares
-
outstanding.; tOn 152,100
shares
outstanding.
provision has been made for renegotiation of Government
contracts because it is believed that the reserve for Federal taxes of
Note—No
will be reasonably sufficient to cover any amount which
might be due.
,
Theodore W. Stemmler, President and Chairman of the board, in
$408,424
Alton Railroad—Committee to Solicit Amortizations—
The
ICC
Hickmott,
April
on
Orlando
Watson Washburn, Allerton C.
and Thorvald F. Hammer to serve
authorized
25
H.
Lounsbury,
protective committee for holders of 7,% guaranteed stock of the
Joliet & Chicago RR. and to solicit authorizations to represent the
holders of this stock, without the deposit thereof.—V. 159, p.1753.
as
a
^stockholder? ,'sald that, due to expansion of the corpora¬
working force and its program of construction and moderniza¬
letter
tion's
tion,
'ler,
business
1943 was almost twice that for
for 1944," continued Mr. Stemm"should be at least double that for 3943."—V. 158, p. 1629.
of
for
"The corporation's production
Among the,•points discussed at
new' products,. improvement
shipsaw-hydroelectric
which
Operating
Operating expenses
and taxes
855,861
—
$1,298,089
941,295
-
•
Net
Other
income
'Gross
:
——i.
$341,183
$356,794
:—
earnings
2,747
4,345
$343,930
181,127
income
Interest
—
——
other deductions--———
and
wA-
Net-' .'.income
•-^V.
$192,642
$180,013
1857.
159, p.
Alleghany Corp.—Appraisal of Collateral—
;
development
increase
iii
formation
the
in
number
been
has-
1928
of
common
just
account
mon
for
under
one-seventh
one-half
the
of
total
shareholders.—"V. •159,
particularly
the
Limited's
Aluminium
of
number
1441.
p.
com¬
Aluminum Co. of America—50-Cent Common Div.—
.
Total
-
collateral
behind
the
bonds
was
151.674%
of
the $19,137,000
directors
of 50 cents per share
on
the outstanding
common
stock, payable June 10 to holders of
record May 19.
A like amount was paid on March 10, last, and $1
per share on Dec. 10, 1943.
Prior to the three-for-one stock split-up
in October, 1943, the company paid $1 per share on March 12, June 10
and Sept. 10, 1943.—V. 159, p. 1753.
'
May
on
5
declared
a
dividend
:
"
Amerada Petroleum Corp. (& Subs.)—Earnings—
Quarter End. Mar. 31—
Gross
oper.
1942
$4,207,072
1941
$3,204,257
1,729,800
1,794,410
1,350,312
$3,122,176
$2;412,663
58,877
$1,853,945
118,674
1944
income——
1943
$6,468,616
$4,851,976
Oper. and admin, exps.,
taxes, leases, rentals,
Feb.
on
1.
'
v
for the 5s of 1949, reports
collateral valued at $32,092,467, including $285 of "'deposited- cash on.
May 1.
This equals 148.15% of the $21,661,000 of bonds outstanding,
collateral
with
compares
Because
of the continued
at $32,996,441
and
152.33%
of
r
—V.
159,
Ohio
&
Interstate
the
Ry
;
;
—
arings per share—— ■
*
After
tAfter
deprec/ation
providing
1944
f$800,110
.
1943
$936,135
——
1,260.759
$0.59
$0.70
-Earnings—
1942
1941
$915,644
$2,720,164
1,259.563
t$0.69
1,255,010
$2,12
of
—v.
Federal
56,554
$4,417,204
$3,178,730
$2,471,540
$1,972,619
2,234,509
1,773,253
1,465,975
$944,221
$698,287
income
tax
of
$294,200 and
excess
for
$524,008
$962,667
$460,740
21,961
$1,095,012
27,892
$984,628
$1,122,904
$484,552
44,338
75,123
40,773
67,564
3,453
3,409
1,685
1,685
560,625
652,888
793,520
136,825
$266,670
$286,926
per
foreign' subs.
U.
$1.20
$0.89
$0.64
no.
on
outstand.—
159,
923.
p.
.
S.
*1941
63,266
Net
profit
Preferred
67,435
$253,208
67,435
129,988
97,491
23,812
67,435
64,994
$69,247
$88,282
$154,497
dividend
Common dividend
Balance,
-'
surplus
-
:■
'•
'
$278,478
67,435
"
1
$211,043
•British
subsidiary figures reflect operations only for Jan,: 1941 and
results of operations of the foreign subsidiaries haye been
included in the consolidated statements at 1the official rate of exchange.
The
tThe
p.
above
figures
for
1943
and
1944
do
not
include
the
results
British subsidiary for the month of March.—V.
the
1442.
of
159,
'
American Gas & Electric Co.—Secondary Offering—
Paine, Webber, Jackson & Curtis and Coburn & Middlebrook on May 2 offered as a secondary distribution and
quickly sold 15,000 shares of common stock (par $10)
at $27% per share, with a commission of 75 cents a share.
—V. 159, p. 1650.
tures—
to
International
Corp—Will Refund
-V1':
'
.
corpbration has notified the SEC that
redeem
its
$7,938,000 5%%
refinance
this
debt
at
debentures
lower
interest
due
on
iii
rates,
June 30
1949,
A
these debentures at
—V.
p.
159.
1754.
American
Rights-to
-
at
made
Deben¬
it intends to
It plans
105.
formal
redemption of the debentures has been issued.
Arrangments, it is understood, are now being
Prior
-
.
and/or
refinance
—'
sh.
shares
$875,086
foreign income taxes_
$506,644
$1.84
•
call for
for
the
loans
to
substantial reduction in interest rates.
a
.
LaFrance
-
Foamite Corp.
—
•'
Exercise of
■/
,
the
expiration of the purchase warrants
on
April'15,' last,
the holders purchased 65,347 shares of new stock from the company at
$11.11
American Frozen Food Lockers—Stock
OfferingFloyd D.'Cerf Co., Chicago, recently offered 50,000 shares
20-cent cumulative dividend class A stock
(par $1),
and
one
50,000 shares common stock (par 5 cents) in units of
share of class A stock and one share of common
stock at $2 per
Unit.
United States Corporat'on Co., Jersey City.
Regis¬
Jersey City, New Jersev.
Company was incorporated in Delaware March 11, 1944, to succeed
New York corporation of the same name organized on Aug. 23, 1943,
Transfer
Agent,
trar, Registrar & Transfer Co.,
and taxes, etc.
for
•
drill-
depletion,
income
Earns,
and
Allegheny Ludlum Steel Corp. (& Subs.)
m profit"
hares' common stock—
-
$1,454,426
:
,
Commerce Commission's
Quarter End. Mar. 31—
67,791
income
Deprec.,
Net
,
1241.
p.
$4,349,413
-
—
income
Total
illness of Carl E. Newton, president of the
former counsel for the Alleghany Corp.,
investigation of control of the
Chesapeake & Ohio, the New York, Chicago & St. Louis
(Nickel
Plate) and the Pere Marquette Ry. by the Alleghany Corp,,, Robert R.
Young and Allan F. Kirby, has been postponed again until June 26.
Chesapeake
Other
1.
Inquiry Postsponed—
,
.
,
2,962,778
valued
the same amount of bonds on Feb.
div.,
The
Operating, income;
"■
The Continental Bank & Trust Co., trustee
and
2,119,203
etc.
outstanding.
This compares with collateral valued at $29,and 152.96% of the same face amount of bonds outstanding
of. bonds
422.500
Pref.
Prov.
American
'.
'
•
*1942
$1,179,794
84,782
$854,954
20,132
income
operation of
The
.
'
+ 1943
$1,051,951
89,284
Other deductions
1942.
■
,
Collateral pledged behind the corporation's 5% bonds of 1950 totaled
,$29,025,830 May 1, according to the quarterly appraisal made by the
Marine Midland Trust Co., trustee.
Of this amount, $18,823,464 is
carried as value of pledged securities and $10,166,545 in the residue
of income account.
Deposited cash totaled $591.16, and money held in
residue, of income account was $35,229.
/
Total
shareholders
marked in Canada
stock is now held as compared
with about one-thirtieth 16 years ago.
Canadian shareholders have
*increased
ten-fold in number during the past seven years and now
where
$361,139
151,288
(net)
tl944
$935,252
80,298
Profit
company's net income was 4.5%.
three-fold
since
1943
$1,197,045
revenues
the
The
1944
annual meeting held on April 27
in bauxite
reserves, the part of the
in bringing Canada from fourth
to second place as a world aluminum producers, a three-fold increase
in
the number of
shareholders, and 1943 sales of $291,000,000 on
were
Alabama Water Service Co.—Earnings—
Year Ended March 31—
■
Subs.)*--Earnings-
(&
Aluminium, Ltd.—$291 $00,000 Sales in 1943—
to
the' volume
1942.
3 Mos. End. Mar. 31—
Earnings
Depreciation
Miscellaneous income
.
„
a
Vote Co.
a
per share.
The holders of the company's income notes ex¬
changed $449,000 of their notes for 40,410 shares of new stock,
Each
$1,000 income note was exchanged for 90 shares of stock.
As a result the company's outstanding stock was increased from
74,279 shares to 180,036 shares ($10 par).
The exchange of income
notes for stock reduced the
notes outstanding to $1,761,000.
This
amount of outstanding notes is subject to a further
reduction, under
the terms of the trust agreement, of $245,595 cash deposited
by the
company in the "sinking fund on April 16,
1944, for the retirement
of
notes.
Under
the
trust
agreement
the
exchange
privileges,
covering
the
income notes, changed from 90 shares of new common to 80 shares for
each $1,000 note as of April 16, 1944.—V. 158, p. 2462.
Commercial and Financial Chronicle (Reg. tJ. S. Patent Office) .William B. Dana Company, Publishers, 25 Spruce St.. New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
Dana Seibert. President: William- D -Riagsf Business Manager.
Published twice a week [every Thursday (general news.and,advertising Issue) with a statistical issue on Monday). Other
135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class matter FebruajV 25, 1942,' at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in -UnU^d 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 fluctuation^ in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funoa.
The
v
-
-
-William
offices*
•
$48,348,780 $52,271,602
41,965,422 44,514,015
•—
taxes_,
and
expenses
on
'
.
,
on
operating
income
income
Gross
income
Income
$8,024,958
3,602,616
$3,503,829
——
$4,422,342
omer
Subsidiary Investment Co.:
Expenses and
taxes
;
of
Balance
Amort,
1,547,299
1,548,409
Expenses interest and
-
618,159
616,950
$929,140.
$931,459
.804,486
Balance
————,-----—— —— —.
Consolidated
preferred, stock——
on
Balance
,
count,
Earnings
—V.
$4,546,206
$3,625,469
—-—
——
share———,—$1.31
common
per
159,
balance
the
'
similar distribution
A
26.
Piled With
5.64%
•of
follows:
the SEC
with
7
Mr.
proposes
had outstanding',
as
of Feb. 29,
1944,
125,713 shares of 5V2%
cumulative preferred
stock
($25 par)
and 221,088 shares of common stock ($1 par).
The plan provides that the articles of incorporation of Edison Sault
'and Southern
California shall be amended,
subject to approval of
appropriate state authorities, to provide for the reduction in the
stated pr par value of the common stocks of such companies so. as to
enable each company to issue 162,561 shares of common stock instead
of
the presently
outstanding number of shares.
The plan further
•provides that such 162,561 shares of common stock of Edison Sault
California
Southern
and
National
Bank,
to
stocks
the
in
the
one
share
of
of
fornia
issued.
be
California
common
,
per
and all income„ taxes,
profits taxes,
V \v -
for excess
-
159,
Utilities
stock,
stocks.
'
•
..
of
Sault
Edison
'
,
the
debts
Other
•
will
tributed
among
!
be
the
on
Federal
and
State
Net
the
same
preferred
States
basis
as
the
common
common
proposed
are
stockholders
stocks
be
to
Edison
of
distributed.
Sault
and
Net
Thereafter,
•
V
local taxes
Note—No
plan further proposes
American
States
and
from the date of approval of the plan by the
having jurisdiction over the enforcement of the
plan, then, at the expiration of such period of time, all the rights, of
such
security holders shall be cut off and extinguished.
The plan
further provides that within 90 days after such cut-off date, all of
the common stocks of Edison Sault and Southern California which may
then remain in possession
of the Baltimore National Bank shall be
surrendered for retirement to the respective companies which issued
period
U.
•
.
S.
said
upon
five
of
the
stocks, that any cash held by the bank derived from dividends
shares of Edison Sault and Southern California shall be returned
respective companies, and that any other cash then held by
bank
the
agent for
as
security
holders of
stockholders
common
of
the
said
American
Sugar
Refining Co.—Interlocking Controls
Operating
'Federal
Justice
Department's anti-trust division in New York, N. Y.
modified, the decree prohibits both the American and
and
their
officers
from
•
.
*
or
con¬
directors,
establish
The
or
decree
interest
from
community
a
in
a
to retain a 25% stock
sold that interest in ex¬
refinery of the W. J. McCahan Sugar Regining &
originally
National,
change for
cooperating with any third party in seeking to
of ownership or control in the two companies.
sugar
but
permitted
American
American
recently
Molasses Co. in Philadelphia, Pa.—V. 159, p.
.
1442.
Account
of
Company
"
___
Federal
,
290,819
taxes
and Dec. 15,
159, p. 1755,
'
■Earnings—
1942
1941
$7,411,458
9,316,452
254,948
7,306,045
272,988
6,985,532
5,600.954
241,547
338,015
profit.
$1,233,432
etc..
19,790
$1,307,001
13,895
$1,510,946
14,426
$1,472,489
13,793
_
$1,253,222
$1,320,898
1944
of
goods
rev.
de-
sold,
livery & other exps.—
operating
Net
from
Total
-
invests.,
income
income &
$1,486,282
♦877,399
*846,000
225,000
200,000
$322,973
85,746
191,107
$440,232
-
t875,000 ;
for antic,
.Prov.
$1,525,372
♦916,000
75,000
$329,896
stk.
cap.
taxes
50,000
Proy. for contingencies-
731.
•
in
incr.
-
——-
—
OrderedNet income
$328,222
on
pfd.
Divs.
»
on
com.
Shares
of
85,746
85,746
stock—
256,564
256,568
$0.94
outstdg.
192,420
256,564
stock^
com.
$0.95
85,592
71,107
approp.
105,000
95,000
1,468,000
854,476
1,395,000
$303,449
$219,586
$4,172,637
earned per shr.
Amount
85,746
189,206
252,278
254,827
$0.93
.
$1.41
$720,000 (after post-war refund of
excess
profits tax) in 1943, $674,700 in 1942 and $399,030 in If41.
tlncludes excess profits tax of $770,000 (less post-war refund of excess
profits of $77,000).
♦Includes
profits
excess
of
tax
$2,916,593
res.
*
890,478
Note—Federal taxes
estimated on basis of 1942 Revenue Act,
are
Consolidated
tRent for lease of plant
28,750
______
142,500
Balance
March 31,
Sheet,
$1,705,275 .restricted
(including
Assess—Cash
to
1911
yse
on
■'
S.
U.
Gov¬
cost-plus-fixed-fee contracts), $6,948,493; U. S. Treasury sav¬
ings notes, $4,925,000; other U. S. Government securities, $516,500;
accounts and notes receivable
(less reserve of $174,925), $4,073,725;
ernment
Operating
income
$219,586
$274,699
___
$4,030,137" $2,916,593
1,279
1,696
181,970
141,170
$275,978
$221,282
$4,212,107
$3,057,763
144,352
143,357
3,029,248
1,883,860
$131,626
$77,925
$1,182,859
$1,173,903
applicable to pfd. stocks for the period--
943,753
948,30,2
income
Other
(net)_
'unbilled
Gross
income
Interest
charges
costs
cost-plus-fixed-fee contracts,
on
income
Net
Divs.
$239,106
Balance
rent from lease
of plant,
$225,601
in the amount of $13,000 in the
amounts of
$156,000 and $192,228 in the 12 months ended March 31, 1944, and
1943, respectively, for transportation property leased to a subsidiary,
which has been appropriated to the property retirement reserve—rail¬
months
way
of
March,
1944,
and 1943, respectively,.'and in the
department.—V. 159, p. 1651.
for depreciation
reserves
Edward
L.
Dry Goods
Corp.—Sales Increased .5.7%—
Apr. 29, '44
13 Weeks Ended—
reported
159,
p.
subsidiary
by
store
(including
payable
$364,858
relating
to
■
cost-,
U.
vances,
profits
Government,
$2,575,000;
Federal income and excess
$5,597,202; dividend accrued on preferred stock,
due 1950, $1,052,400; deferred credits, $43,435;
S.
taxes accrued,
notes payable
$57,164;
$6,859,700;
par),
5%
$1,783,970;
reserves,
and
cumulative convertible preferred stock ($100
stock (263,936 no par shares), $8,797,875;
common
surolus,
paid-in
$37,531,339.—r-V.
159,
p.
earned
$1,037,710;
731.
surplus,
$6,380,754;
Atlas Tack Corp.—Earnings—
1943
1942
$472,333
$590,728
$749,410
419,261
sales—
Cost
of
1941 •"
1944
$575,909
327,292
429,060
573,811
3 Mos. End, Mar. 31—
goods sold
May 1, '43
$161,668
$156,648
$145,041
freight
79,163
79,656
100,353
Operating profit
companies $22,770,742 $21,551,728
$77,485
$65,385
$61,315
Dr951
jDr4,058
15,724
15,312
profit
Gross
—
Sell. & admin, exp.
1651.
outward
Associated Electric Co.—Sale
$8,223,994;
$90,875; total,
,
Liabilities—Accounts
Net
Associated
charges,
"
Vice President of the' Chase National Bank of the
has been elected a ■ director.—V. 158, p. 1342.
Love,
City of Neiy York,
deferred
.
plus-fixed-fee contracts), $1,746,340; accrued liabilities (including $887,,508 relating to cost-plus-fixed-fee contracts), $1,599,739; contract ad¬
caDital
Corp.—New Director—
inventories,
amortization of $12,292,023),
and
$4,052,682;
etc.,
patents,
$37,531,339.
total,
Arnold Constable
$1,312,635;
$5,583,959; investments, $1,803,476; property, plant and equipment (less
good-will,
•
Inc.—Earnings
Alone
1755.
159, p.
•
v
$8,738,025
.Fed.
oper.-revenues—,-
Net
;
j
1943
excess
././ •/■
1944—12 Mos.—1943
$979,524 $14,091,101 $12,515,671
490,731
6,733,519
6,077,234'
103,100
826,467
1,272,368
549,726
appears
$8,886,034
Inc.
38.154
,
$1,334,586
____
tax
$10,804,832
,
$38,154
'
-V.
Income
for
/
1944—Month—1943
of March 31, for
15 cents each; Sept. 15, 25 cents,
plus a special of 20 cents.—V.
other oper.
&
Cost
159, p. 442.
taxes
retir.
Sales
American Water Works & Electric Co.,
as
profits
provision for excess
1 '",1 •'■■•: * ^
■ ■•'
Renegotiation
no
include
income,
Provision for deprec.—_
13,599
■
Corp.—V. 159, p.
1944,
income taxes under existing laws
above
the
Atlas Powder Co. (& Subs.)
$51,753
National
owning
trolling stock jn .the other company, or from having ..the same officers
'or
$59,127
•■,■>■' $46,824 '"'
46,824
necessary
•
Other
Prop,
,»i
in
3 Mos. End. Mar. 31—
Sales
,
Co.—V.
revenues
Operating expenses
tlncludes
special three-judge Federal court modified the decree of May 9,
,1922, against this concern and other sugar companies in deciding a
suit alleging price fixing and illegal restraint of trade.
The modifica¬
tion was made on the petition of Lawrence S. Aspey, chief of the
companies
considered
(net)
A
Refining
,
S0.41
iii
in
$2,627,200
of
years;
$1,089,035
$934,300
tOn 2,663,999 shares of common stock.
1942.
and June 15,
15
Divs.
companies.
.Barred—
As
Cities Service
$1,185,584
$0.45
tax /of
income
'
March
524
American States or its
rights to purchase common stock
holders of warrants issued under
the warrant agreement of American States dated Nov.
10, 1936, and
the rights to obtain warrants, now possessed by holders of 6% cumula¬
tive preferred stock of American States Public Service Co. who have
not
obtained
warrants
under
said warrant
agreement of Nov.
10,
1936, shall be terminated upon consummation of the proposed liquida¬
tion
of American
States
in
accordance with
the provisions of the
Articles of Incorporation of American States.—V. 159, p. 1346.
Sugar
"
.
Arkansas Power & Light Co.—Earnings—
The plan further proposes that the
"of American States, now possessed by
■
.
.;
Period End. Mar. 31—
predecessor shall be divided equally between Edison Sault and. Southern
All such cash shallth'en be distributed pro rata among
then
,
Arkansas Natural Gas Corp.—Divestment
See
148,000
$4,010,355
$1.51
stock
common
Federal taxes
,
'California,
the
requirements___________v--_--_
■
respective
'25 cents,
■
12,303
.
Commonwealth Utilities
273
148,000
A dividend of 25 cents per share has been declared on the common
stock, payable June 15 to holders of record May 22.
A like amount
was disbursed on March
15, last.
Payments in 1943 were as follows:
'
years
Court
District
such
to
;
$51,229
658
Proposed Merger—
See
365
148,000
Renegotiation of profits on Government contracts for the year 1942
is now in progress..
No steps have as yet been initiated regarding
v
13,291
-
$58,469
_____
is
238.770
189,280
321
statement
'V'.'i"";
65.879
.14,249
.;
provision
211,760
$1,286,798
/
3,800
profits tax.
the
$1,476,078
stock
shown
as
estimated Federal
16,845
.
5 %
$1,545,709
262,987
pecessary.
'
revenues.
;
fund
to
Federal
Note—Taxes,
$151,045
y' 4,166
income
$4,421,663
charges-
—
1943, and $606,200 in
the
•198,323
share—•
per
♦Includes
$1,347,386
282,796
to minority interests
applic.
tEarnings
509,260
2,416,885
$4,138,867
preferred
on
443,020
2,164,448
(net) ______i
interest
charges
Income applic.
752,406
715,375
2,539,068
income
before
Dividends
v
23,335
deductions
Sinking
operating
interest
I
Income
possible
renegotiation of the profits for the year 1943.—V.
1943.
Y2.650 .a.
t.
income
Gross
•
that if the preferred and common stocks
outstanding and unexchanged first lien
gold bonds and 10-year 6$ convertible-gold debentures of American
States Public
Service Co.
(predecessor company) are not exchanged
for the securities and cash available for such security holders within a
The
■of
••"■
$172,869
(net)
additional
and contingencies
Income
.<
of American
dissolved.
be
will
and
576,311
621,995
.
taxes
operating
.Other income
delivered
California
Southern
American
the holders of Ameri¬
among
573,498
984,131
*
of the stocks
and common stocks and after providing for. all
obligations of American States, any remaining cash
to the Baltimore National Bank to be dis-
and
balances
States
California
Southern
and
the distribution
after
509,419
Net
preferred
States
can
of
that
plan further proposes
500,000
reserves-—
1941
$1,571,258
$2.88
"
1944
t
♦2,102,054
expenses
gen.
;
for
Balance
*
1942
1943
375,000
and
oper,
Non-operating income
•
V ■-■••■•
r•
,
taxes
1944
$68,705,593 $42,567,311 $44,254,673
♦2,188,390
;
'
Operating .-revenues
income
(<fc Subs.)—Earnings—
25-Cent Common Dividend—
.Operating (expenses
Federal
the six months! period ending June
made on this issue on June 15
' '•
/'»
was
750,000
Corp.
Arizona Power Corp.—Earnings—.
Calhissued to the
for
159, p. 1548.
______
Corp.—Proposed Merger-
-
will be
1,
income
Insurance and miscell.
;
'
;•
■
Commonwealth
June
record
15, last year.—V.
operating
taxes
income and excess
31 totaled $9,'000,000
Arizona Electric Power
See
of
A similar distribution
Dec.
34,853,574
Inclyding(estimated! pro¬
731.
p.
Steamship Lines.—Div.—.
declared a dividend of $2.50, per share on
preferred stock, par $100, payable June 12
10
May
on
♦4,544,211
...
1942
•
Review Case—%
announced
Court
Government, against
54,524,522
profits/taxes-for. the
months ended March
(after deduction of
post-war refunds) in 1944, $7,160,000 in 1943; and. $4,260,009 in 1942.—
V.
the
non-cumulative
5%
Reserve
for normal
Note—Provision
,
development - costs
Depletion, lease amort, and aband.
Deprec. retire, and other amort—
' ;
$2,762,797 ■„ $2,606,801
..$5.07,y .»>*>. $4,78
$3,103,581
$5.69
share.
com.
1943
"
The
'
.
Co.—Earnings—
1944
3 Mos. Ended. March 31—
certificates
Scrip
'
'
.
nine
American States
and one share, of Southern
of
Edison, Sault common
be issued.
(fholders of American States common stock in place of issuing stock in
amounts of less than full shares of Edison Sault common and Southern
•
<
will
will
common
vision
,
/'
preferred
share
one
159, p. 345.
♦After .depreciation
V'
'•
share
each
Earns,
Supreme
directors
Costs,
of Manager of
the, New York
has been promoted to the position
branch office of this company; and
_
S.
Taxes
Dorsey has been associated with American Surety Co.'s metro¬
branch office, New York.
He has been.with the company for
profit
•;
"
•"■ ■"'■•.'•
•,
,
36,110,959
■
♦Net
•'
*;
Atlantic Refining Co.
,
Co.—Transfer of Personnel— t
Coach Co.,
United
by
,
Intangible
Archer-Daniels-Midland
to the Baltimore
bank will distribute such
States preferred and common
proportions:
holder
common
Pa.,
owned
wholly
is
1651.
p.
3 Mos. Ended March 31—
1857.
p.
9 Mos. End. Mar. 31—
which
American
of
;
.
,
transferred
be
then
agent,
To the holders of six shares of American States common
of Edison Sault common and one share of Southern
(2)
,
holders
following
To
(1)
California
will
$0.75
6,
Dorsey
25 years.—V.
States
American
Co.
exchange
as
the
securities
stock,
Water
California
159,
Sc'ranton,
politan
to liquidate and dissolve after having
distributed Its
assets to Its
present security holders, on the basis
described below.
Such assets consist mainly of all of the outstanding
'common stocks of its two subsidiaries, Edison Sault Electric Co. and
Southern
$3,823,885
).54
,
1
States
$3,761,258
$0.19
'
of
1944.
and
of
Mav
the
over
Robert L.
the
'
American
$1,023,140
■;.
Casualty Co., effective May 1. He succeeds Randolph E. Brown, Super¬
intendent of Agencies, who has been Acting Manager.
Mr. Brown will
return to the home office.
'
■
V -
liquidating plan summarized
a
867,062
$0.12
shr._
.
U;
holders
to
American Surety
Liquidating Plan
- ;
has filed
30,
the electric properties of this company for the
1944 totaled 81,556,000 kwh., an increase of
output of 77,203,500 kwh. for the corresponding week
output
1943.—V.
payable June 1 to
SEC—
Corporation
as
—
the
2,956,823
1,3.05,796
Co.
159,
Atlantic Gulf & West Indies
$3,823,885
269,958
V-
f
case
The
2,455,462
Weekly Output Increased 5.64%—
.
Corp.
Utilities
905,014
425,754
the trustees to
for securities of
authorized
■
May 8 that it would review
the Associated Press, jointly
appealed by the Government and the/Associated Press.
No date hag
been set for the hearing.—V, 159, p. 346.
<
The
.the
tax.
.753,182 "■
Public
'
$3,761;258
$1,023,140
$1,011,330
has
■
by Greyhound Corp.
made
Associated Press^—Supreme Court to
$4,728,899
$1,011,330
ending
Leibell
L.
Vincent
outstanding capital stock and long-term indebtedness are owned
t
,,,
income
Power
company
Service
.
851,832
220,186
.
585,576
inc. per com.
week
22.—V.
States
$4,613,090
5,267,501
311,902
.
Elec.
spec.
Judge
by Associated.—V.
Gross
'
American
bef.
the
Public Service Co.,
of $1.75
dividend
preferred stock, par $100,
159, p. 1857.
on the 7%
of record May
share
per
Net
June 30, 15 cents
.Payments in 1943 were as follows: March 31 and
each; and Dec. 28, 10 cents.
The directors also declared the usual quarterly
holders
$1,243,326
271,016
special
incl.
the
on
operator of a fleet of motor coaches in
Columbus; Ohio.
The securities sold include 1,000 no par common
shares and 500 shares of 7% cumulative preferred stock.
Amer.
&
been
act
will
declaring
the. Valley
8,634,806
5,267,467
$1,216,871
adjustment
inc.
♦Net
made on March 31, last,
was
1,316,867
83,864
78,623'
Special tax adjustment-
on
common
May
1,316,867
adjustment.
April 27 declared a dividend of 10 cents per share
stock, no par value, payable June 30 to holders of
directors
The
on
record
♦Net
•
Minas
Cuban
stock¬
Sanitary Corp.—Divs.
American Radiator & Standard
458,276
8,534,758
205,541,
inc.,
tax
Matahambre Holdings
that it has sold its entire holdings of
de Matahambre, S. A., consisting of 54,228 shares, to a group of
citizens formerly associated with it in Matahambre as minority
holders.—V, 159, p. 1857.
The company announces
of
already,
Associated Gas & Electric Corp.—Sale of Sub.—
$1.64
.
Net
American Metal Co., Ltd.—Sells
2,190,657
subs._
—________
Works
order,
an
whose
-2,151,836
Co., Inc.
2462.
p.
in
etc.
Water
.
Consolidated
•
$4,834,714 $18,686,331 $18,943,108
$4,764,197
_.—_____
int.
Co.
has
court
Valley
■
Int., amort, of debt dis¬
income--—i.-———-—•
net
requirements
Dividend
853,170
the
Federal
of
Preferred divs. of subs._
Minority
.,
114,887
L.
the
accept the bid of $413,000
217,187
—
etc.,
(net),
subsidiaries
804,486
•
for
account
___;
.
Leibell has directed that a hearing be
proposed plan of reorganization for Associated
and Associated Gas & Electric Corp.
The pro¬
Vincent
on
approved by the SEC.
On the hearing
application of the company's trustee
to be insolvent, and on the
applications of the trustees, for the company and the corporation,
for-an-order approving the proposed plan '—V. 159, p. 1857.
.
plan
date,
amort, of debt dis¬
count
-
6,472,901
12
Electric
&
posed
6,42(3,756'
1,778,897
1,675,203
Reorganization June 12—
on
Judge
June
Gas
r
1944—12 Mos.—1943
re-
income
Gross
Int.,
■.
taxes————
*
.
$19,463,544 $18,403,424 $75,637,450 $70,741,708
30,829,376
27,290,745
7,834,359
6,915,543
12,027,475
10,942,838
3,015,910
3,252,095
6,679,985
■1,743,473 / 6;768,197
1,720,498
depletion-
of prop,
'
Light & Traction Co.:
Dividend income from other investments—,—American
-
Federal
held
.
deprec.,
&
adjustments
$4,419,232
$3,500,815
company--
for
tiremts.
-.3,110
'
——r-
of subsid.
income
net
______
____
-
-
__
taxes
Prov.
'
Balance
earnings
Oper. exps. & maint
Federal 'taxes on inc¬
267,370
$6,530,588
3,026,759
—
_________—
deductions
147,230
•
•
•
1944—3 Mos'.—1943
Period End. Mar. 31—
—
_
-——
.
•
.
Hearing
-
groups lor services rendered
for 1943 have been adjusted
Consolidated Income Account of Company and Subsidiaries
Gross
Net
Other
fDeficit.
comparable basis.
a
deducting amounts charged
shown for 1944 are after
expenses
subsidiary companies in water works
basis of cost, and the figures shown
to
*943
*9**
Subsidiary Operating Companies:
Operating revenues
t_:
Operating
♦The
Co.—Earnings—
American Light & Traction
12 Months Ended March 31—
Monday, May IS, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1966
Proposed—
.
$175,598
incl.
111,048
.
$64,550
'
•
Period End. Mar. 31—
♦Earns.—divs.,
♦Expenses
'
Net
int.,
1944—3 Mos.—1943
etc.
—
_
earnings
$575,624
149,467
$426,157
$597,264
142,317$454,947
1944—12 Mos.—1943
$2,932,906
$2,999,174
596,889
547,011
$2,336,017
$2,452,163
The
company,
that
announced
Power
Co.
to
unit of the Associated
a
it
has contracted
thres
rural
electric
to
sell
Gas and Electric Corp., has
Ohio-Midland Light and
the
cooperatives in Ohio
for $2,115,000.
Application for approval of the deal has been made with the Securities
and Exchange Commission.—V. 159, p. 1210.
1
'
'
,
Other
Other
income ;
deductions
16,230
Depreciation
Prov.
for
income
(Cr2,969
Crl,013
)
1
Fed.
&
.
\
8,121
14,941
State
_
_
_
24,940
19,300
12,000
10,155
$37,328
taxes
$29,410
$29,945
$34/303
$0.39
$0.31
$0.31
$0.36
_
Int., amort, of debt dis¬
(_
count, etc.
Net
income
Preferred
205,541
851,832
905,014
$234,761
$1,484,185
$1,547,149
300,000
dividends
220,186
$220,616
:
300,000
1,200,000
1,200,000
.
Associated Gas &
The
week
trustees
ended
Electric
Balance
Per
sh.
for
on
com.
stk.
2,343,105
com,
+$79,384
shs.
+$65,239
outstdg
$284,185
$347,149
$0.12
$0.15
May 5,
Group was
5,331,316
year
of
ago.
units
or
Net
Electric Co.—Weekly Output—
Associated
Gas
&
Electric
Corp., report. for
income
Earnings
the
1944, net electric output of the Associated Gas &
133,576,097 units (kwh,l.
This is an increase of
4.2%
above
production of
128,244,781 units a
common
per
share
stock
on
1_
Balance
Assets—Cash,
counts
$181,105;
receivable
(less
Sheet, March
U.
S.
reserves
31,
securities, $465,000; ac¬
$13,542), $217,499; inventories,
Government
of
1944
Volume 159
$464,268;
!
130;
other
for
reserve
*■
Number 4281
assets,
property, plant and equipment. (less
$732,892), $881,458; deferred charges, $5,-
$4,666;
depreciation of
total,
THE COMMERCIAL & FINANCIAL CHRONICLE
.Barney
.
if
President,
Government
announced
construction
regulations
that
scheduled
at
that
new
a
to
time
building would be
start
on
permit.
Sept.
This
1,
"These
number
1945,
larger
Liabilities—Accounts
payable, $66,674; accrued local, State and Fedcapital Stock taxes, $24,579; Federal taxes on 1943 income, $82,Federal
taxes
on
income,
$24,940;
deferred
income,
$6,302;
rfeserve for contingencies, $16,299; capital stock (94,551 no par shares),
$567,306; capital surplus, $718,391; earned surplus, $711,836; total,
$2,219,127.—V. 159, p. 1755.
oh
the present Bond store at 447 Fulton St., Brooklyn, N. Y.,
the1 lease expires June 30, 1946.
building will consist of four floors, mezzanine and base¬
with a. total area of 55,000 square feet.
"Upon the arrangement being carried into effect the new
company
will be in a position to increase its. ownership from 40%. to 1C0% in
which
The
800;
new
ment,
Announcement
of
of
the
deal
followed'by only
few
a
days
the
Chinnok Oils Ltd.,
the
the
shares
pany
for
V.
1652.
p.
159,
Baltimore
'
1857.
p.
Ohio
&
RR.-
-Accepts
Bid
'
*■
,
Roy
Taxes
B.
White,
accepted
a
of
-.
President,
announced
May
that the
5
company
bid,
made
by
Girard
The
Trust
Co.
of
an
—
rate
revenue-,.
accrued
-
in
1944—12 Mos.—1943
_______
Net operating income
Non-operating
income-
$1,200,000 of equipment notes, payable in 40 equal quar¬
The issuance of the nbtes is subject to the approval:
of the Interstate Commerce Commission.-—V. 159, p, 1755,
Co.
$2,051,736
$2,085,716
21,487
$6,984,604
10,746
•.
Gross
,
: income, ---A
disct. & rents
,
Barber Asphalt Co.—Dividend Outlook—Sells Plant—
-
i-
The
«
is
manufacture
('
nishes,
on
I,
of
etc.,
T.
natural
to
dividends, Mr. Rieber said:
management has very much in mind.
.This is
In this
matter
a
which
taxes for
cluded
V.
period, however,
only faces a special uncertainty as to the future, but
past—that is, an uncertainty created by possible renegotiation of profits.
We think our profits have been sufficiently
modest and that renegotiation will not call for
any substantial ad-,
industry
also
'
p"
''
Vide
£
dividends
As of April
stockholders."
for
-
naturally,
we
when
also
can
No
to
,
the company sold its Madison, 111., roofing plant.
1
business.—V. 159, p. 1755.
•••..•'•
and"
filed with
pro-
With.
leaving
unissued
shares, which will
stock plan.—V. 159, p. 836.
employees'
an
t-
15,977
;.
.
fcsued under
be
abandon,
The
east
f
terms
abandon
and
'
.
Station
WEEI
'
.
.
Operating
revenues
Uncollectible
oper.
4,371
7,283
rev.
of
is
in
company
ex¬
'
stated
was
and
the
"western"
road
tracks
route
the'
April
28
issued
the
tEarnings
a
switch
in
the
of
town
of
taxes.
14,253
Operating
expenses
Operating
*
taxes
5,792,030
5,405,954
16,902,770
—_
1,588,080
1,307,551
4,950,648
income
$1,192,465
$1,306,023
$3,620,262
744,173
706,862
2,260,122
_
The
15,660,011.
3,991,222
1944,
County, to
County,
Cumberland
operating
income
—v.
159,
1549.
p.
$3,940,801.
2,220,016
■'
v
.
300,000
1943
1941
$318,768
$256,142..
1942
$234,149
$345,446/
$0.85
$1.06
Federal
shares
income
common, stock
$0.78
taxes
($5
statement
directors
The
the
on
June
.
10.
each
and
stock,
similar
A
2
par
declared
$5,
dividend
a
payable
distribution
June
made
was
of
30
75
31,
of
last,
record;
retired,
Staples,
A.
corporation.
He
de
Nemours
of
Detroit.—V.
&
was
in
Co.
Provisions
par).
has
been
elected
a
of' the
director
•
159,
1652.
p.
■'
/,
k
'
'
.
of
income
for
the
three
months
ended
in
'-V
o
.
•
March
31,
3 Months Ended March 31—
^Net
income
Shares
Earnings
stock
;
2,000,000 "
$0.47*
*•,
Note—Federal income and capital
banks
and"
stocktaxes amounted to $1,380,916
(less
.-
for
reserve
nominal
amount,
•
$1,055,070;
272;
ferred Stock—
directors
The
Liabilities—Notes
•
B/G Foods, Inc.—Pays All Arrearages on Prior Pre-,
r
declared
a
dividend
of
$8.75
per
share
on
in¬
on
taxes
the
prior preferred stock, par $100, to clear up all accumulations on
the issue, and a regular quarterly dividend of $1.75 per share on the1
Oct.
and
1
Dec.
10,
1943.—V.
159,
p.
1246.
1944
be
cash
:'
v
HI
Reinhardt has
A.
for this
(less
from
earns,
company.
absence.—V.
159, p.
1755.
■
Net
•
surrender
$89,708; estimated
S. Treasury notes of
U.
provision
for
$3,305,000),
Period End. Mar. 31—
Operating revenues ___
Operating expenses—federal taxes
1944—Month—1943
$1,005,641
663,580
(bef.
:
It
V.
"
$11,928,270 $10,559,604
571,427
7,699,766
6,496,719
Net income'after,
tEarnings
amounting-to $100,757.-
67,833
67,833
813,996
653,499
profits
309
3,707
3,707
$180,743
$1,792,636
3,111
248
19,484
$1,965,829
10,418
$141,915
$180,991
$1,812,120
$1,976,247
49,567
49,781
571,543
600,866
'Including
and
South
credit
a
taxes
Note—'Due
-
$92,348
$131,210
$1,240,577
423,238
$1,375,3bl
428,290'
$817,339
—
$947,091
1755.
Bishop Oil Co.—Earnings—
Gross
■
•Net
'
i
the
for
to
the
for
V.
■
159, P.
$245 403
1942
$209,433
$144,458
1941
$118,712
32,244
16,947
6,938
2,671:
charges, including depletion, depreciation, cost
leaseholds,
and
estimated Federal income
taxes.—
.
all
W
1142.
1
•
(The) Bond Investment Trust of America—$2 Div.—A
semi-annual distribution
of $2 per unit of beneficial
interest has
keen declared
'
post-war*
payable June 1 to holders of record May 15.
Payments
June 1. and Dec. 1, regular of $2 each, and
pec. 1, 40 cents extra.—V, 158, p. 481.
•
.
Bond
Stores, Inc.—April
Sales Rose 2.2%—'
'
Period End
Apr. 30—
gafes
Pursuant
Alberta,
1944—Month—1943
$4,844,737
Plans New Unit—
"New
The
As
a
1944—4 Mos.—1943
$4,741,951 $15,446,499 $15,106,628
Street
-
of
and
the
holders
debentures
of
de¬
had
been
tendered
provided
as
that
from
for
for
pur-'
amount/approximately
$38,000 will
equal to 127c of the. principal
($120 for each $1,000 debenture)
endorsed
of
the
in
debentures
plan.
by
are
returned
for
to
sinking
a
purchase
or
re¬
.
debenture
holders will within the next 30 days
depositary when it is ready to have them
receipts for delivery of the endorsed deben¬
the
$36,000
debentures
of
still
are
undeposited.
Sea
..
stockholders
will
vote
on
Proposed Merger—
June 8
on
approving
of America.
a
proposal to
See V.
159,
merge
p.
1859.
Chicago—April Sales—
Period End. Apr. 30—
Retail
1944—Month—1943
sales
$8,040,806
1944—4 Mos.—1943
1,399,628
sales
Combined
—V.
5,465,961
$7,023,008
159,
sales
$8,494,940 $32,767,427 $33,277,514
1,264,462
4,653,297
4,220,678
_____
,
$9,440,434
$9,759,402 $37,420,724 $37,498,192
1756.
p.
leased the Francis M. Newman property at
and Gallatin Place, in Brooklyn, N. Y. for 21 years.
has
Fulton
(P. II.)
$6,612,416
*
Butler Co., Pittsburgh—Earnings—
(April
13 Weeks Ended—
quarter
*$735,211
$1.16
refund
amounted, to
stock.
taxes
Net
serial
6%
to
the
Judicial
its
Order
of
District
shareholders
this
issue
of
shares.
one
now
The
share
of
and
Federal
existing
debenture
its
in
tax payable.—V. 158, p,
Other
a
new
with
company
23,307
40,653
$32,206
$56,024
1934.
•
for each five shares now-issued in
also
amount
to
now
approximately
the-
380,000
have equal rights in the
•
mately 11%",of the issued shares
of
Chinook
income
*
$265,096
$300,981
90,143
35,885
140,541
15,729
1,000
gains
Balance
Credit resulting
from purchase of bonds for
tirement
$120,001
18,861
$2,964
non-recurring
90,838
$17,693
operating profit
disposal of capital assets
on
Sundry
2,591,765
$134,703
4,158
re¬
39,583
48,680
$42,542
—
$183,383
,
..
1,900,005 shares of no par.
value and debentures of the principal value of $372,600.
It has direct
interests, in five-producing 1 oil wells and indirect interests in other
producing wells, and in undeveloped areas. In addition, the company
shares
income
Corp. Ltd. will receive
-
2,691,87.0
172,840
—
on
.$2,856,861
$306,290
24,784
^
_________
taxes
1943
$2,998,160
(in¬
expenses
income
net
Net
Loss
1944
general
depreciation)
Bond
interest
Federal and State
company for each $90 par value of
This will take
approximately 380.000
company
issued
(& Subs.)—Earnings—
$331,074
and
profit
Total
.
40^; of,.the
taxes__^__
______——
cluding
holders.
shares, since the two groups of securities
operating revenue.
• ■
„r -The corporation has presently issued
owns
income
—
operating
Gross
the new
whichfrill
company,
State
&
1,919
income
Costs,
Reorganize—
shareholders of Brown Oil
new
_i
—
California Consumers Corp.
Judge Shepherd, in the Supreme Court of
Calgary, dated April 12, 1944, a special
outstanding.
common
in .the
10,855
1,005
12 Months Ended March 31—
arrangement it is proposed to form
92. shares
107,532
13,804
notes_
fixtures
"No excess profits
$1,422,620.
$2,605,976
72,241
—
the
1858.
p.
011
profit
depreciation-™
disposal
tExcess
net earnings of the English, Australian
subsidiaries have not been included in this, year's
159,
for
""Estimated
$1.03
profits
excess
common
Loss
688,113
$1.10
-
of
Interest
1942
1, '44 April 3, '43
| $3,208,599
—
operating
Provision
a
capital of 2,000,000 shares, to take over the assets of Brown Oil
Corp. Ltd., and subsequently to acquire- certain other valuable revenue
producing and speculative assets.
The terms of the proposals call for
Oils
Ltd.
and
approxi¬
Balance
—V,
159,
to
p.
surplus
635.
California Electric Power Co. (&
Period Ended Mar. 31—
of Baroils Ltd.
Subs.)—Earnings-
1944—Month—1943
1944—12 Mos.—1943
•
R.
A.
Brown, President,
said in
part'as follows:'
"The tdrms-on-which-the-debentures
Operating
issued
provide that 50%
of the.operating revenue of the company was to be paid into a
sinking
fund from and after Jan. 1, 1944, for the purpose of
paying interest
on
and redeeming the debentures; • the other 50%
of operating rev¬
enue
was
result
any
York Times" of May 6 had the following:
step in its post-war retail expansion program,. this
further
corporation
to
4
income
approximately $48,000 will be left
Butler Brothers,
meeting of shareholders will.be held May 15. for the purpose
approving and agreeing to an arrangement between the company
now
.
of
payments
Burco, Inc.—To Vote
|Ltd.—Earnings
1943
shares of
Brown Oil Corp., Ltd.—To
last year were as follows:
;
common
$355,540;
6,691,074
$$773,615
tOn 667,251
war,
African
debentures
1943
1944
-
deducting
abandoned
of
31—
income
profit
'After
and
Revenues
the
3 Mos. End. Mar,
principal
retirement
notice
Wholesale
1944
:
793,587
(net)—
Balance
debentures which
this company into the Investment Co.
(& Subs.)—Earnings-
share-
per
646,263
Under
;
the
Approximately
159, p. 931.
Net
.charges and taxes
793,944
charges
V-V. 159, p.
May
amount
deposited debentures
the time the endorsed debentures
expected
Sales
824,221
applicable to pfd. stocks for the period--,
•Divs.
is
The
-.
Federal
$13,714,082 $12,078,377
$2,254,267
Quarters Ended March 31—
1944—12 Mos.—1943
$912,479
309 /
income
Net
For¬
send ip their depository
tures and interest checks.
general
;
until
reflect
may
Cleveland, O.—Deposits
•
65,516
approp.
income
Gross
principal
interest
cover
the
of
demption
.
operations.—V.
Interest
1943
carrying value of its investments in
like amount.—V. 159, p. 1142.
their
of
to
for
;
$2,424,549
Bristol-Myers Co.
limited-term
income
1,868,391
1652.,
p.
26,651
Investments.
Other
adjourned
was
a
the
purchase
757"
depositors,
receive
•
amortization)
159,
70,728
;
res.
of
$4,122,658
2,294,460
depr.
$138,804
Prop, retir.
10
May
1944—3 Mos.—1943
$4,719,009
;
64,387
—
Amort,
1944—Month—1943
,
oper.
expenses
earns.;
&
:
—V.
Birmingham Electric Co.—Earnings— ;
taxes
to
at
fund
value
-Y.'rv'%-
.'-•■••v';
;•
the
1944,
their
,
v
Other
for
assumed the duties of Acting Technical Director
He •fills the vacancy left by J. N. Dow who entered,
the Marine Corps on-May 3 as Aviation Ground Officer, on a leave
,^of
29,
...
of $567,911),- $708,541;'
charges, $85,150;- total,
deferred
taxes,
Period End. Mar. 31—
Gross
Operating
scheduled
which will be paid at
,*!■
amortization
$1;
Brazilian Traction, Light & Power Co.,
-
»
■
,
,
Bulkley Building Co.,
required
amount
f
;
"V" loan, $3,000,000; customer's advances,
payable, trade, $408,305; accrued payrolls, $211,bond purchases and withholding tax, $110,089;
accrued
'
Bigelow- Sanford Carpet Co., Inc.—Fills Vacancy—
-
subsidiaries by
used
chase
same
?
the
streamlined
debentures; said, in substance:
wXs
contingencies $425,000; capital stock, ($5 par), $1,500,000;
surplus, $4,130,096; total, $11,285,080.—V. 159, p. 106.
earned
issue, both payable July 1 to holders of record June 20.
A dis-;
tribution of $3.50 per share was made on March 10, last, and on
steel
At^fche same time the company deposited with the trustee $100,060
^ash, as contemplated by the plan, of which approximately $14,000
in
for
reserve
7%
war
income
on
from
received
lords providing for the deferment of increases in
rentals contemplated
by the plan, and the plan was declared effective on that date.
payable
accounts
employees'
miscellaneous
have
taxes
(including $811,038 restricted
$4,896,463; accounts receivable,
contracts),
inventories,
$1,845,639;
,
in 1944, $1,030,106 in 1943 and $1,308,366 in 1942.—V. 159, p. 931,
;
Federal
hand
on
of
$1,891,602;
five, years)
over
had
stainless
endorsement and modification pursuant to the provisions
the readjustment plan, plus the
principal amount of the debentures
deposited for sale to the company at 757c of their principal amount
and cancellation, slightly exceeded the
required 907c of the total out¬
standing debentures, and the Central National Bank of Cleveland,'
depositary, had received certified copies of agreements by our land-1
life
patents,
at
$11,285,080.
127
of
insurance, $15,828; investments, $571,196; land, buildings, ma¬
and equipment. (less reserve for depreciation of $1,677,276),^
$1,270,662; land,, buildings;, machinery and equipment (being amortized
taxes.
it
that
for
Co.—Meeting Postponed—
to increase
of
April
posited for
chinery
2,314.989;
$0.43
.
of
$1,189,928
'
"After
for
■
•
in
performance
customers,
1942
$954,981
2,000,000
"
$0.47
_______
share
per.
1943
1944
$1,031,501
_________—____
■
common
in
use
announced
an" order
on
On
$1,312,323; other income, $21,319;
Sheet, March 31,
,
to
(& Subs.)—Earnings
2
RR.
meeting
'
Assets—Cash
Beneficial Industrial Loan Corp.
May
on
The company, in a circular letter dated
series A and series B cumulative income
for
Balance
• >
Large Order—
Central
(The)
$1,002,500
contingencies, however, were made in the amounts of
$300,000 and $75,000 respectively. Renegotiation proceedings for the
year 1943 are now in progress but were not concluded at April 28, 1944.
formerly divisional manager of E, I. du Pont>
Detroit, and is a director of the National Bank
issued
cars
SEC
stocks
'
and in -;
which
agreement,
profits
$1,002,500; provision for contingencies, $75,000; net profit, $256,142; earned surplus Dec. 31, 1943, $3,873,954;
earned surplus March
31, 1944, $4,130,096.
No specific provision has been made for
renegotiation for the year
ended Dec. 31, 1943 or for the three months ended March
31, 1944.
share
per
holders
to
March
on
cents
in
annual
proposes
$1.15
excess
come,
quarter during 1943.
George
''
*
May
on
capital
Corp.—Dividend—New Director—
structure
May 2 authorized the corporation to forgive $285,000 of
account indebtedness owed to it by a wholly-owned
subsidiary,
Lockport & Newfane Power & Water Supply Co.
Buffalo-Niagara
the
follows:
provision
Bendix Aviation
-
Pound
3388.
p.
shares,
common
annual
The
Co.—Earnings—
emergency facilities, $63,823; balance,
total income, $1,333,642; estimated
"
151,
Buffalo Niagara & Eastern Power Corp.—Debt
giveness Approved—
•
Net
Net
Jumping
stockholders' meeting was adjourned to Aug 9, in order
company's report of earnings for 1943 may reflect application
.Of the renegotiation act.—V. 159, p. 1756, 1347;
Gross profit on sales before providing for
depreciation and amor¬
tization, $1,599,333; selling, general and administrative expenses, $151,415;
interest
paid, $23,177;
depreciation, $48,594;. amortization of i
'
be
open
______—v.
tOn
will
Budd Manufacturing Co.—Stock Option
Budd Wheel
1858.
p.
Note—Federal incbme and excess profits taxes totaled
1944, $687,320 in 1943 and $357,073 in 1942.
£8,019,528 $25,473,680 $23,592,034
$8,572,575
revenues
the
on
regulations permit.
The
York
Saco,
Scarboro,
159,
1944
per share___
depreciation and
"After
feature
company
that the
of
$23,606,287
speculative
new
on its shares and also, if a suitable
its activities.
Furthermore, the Shell Oil
undertaken to drill a well, estimated to cost
has
been
company
The
certificate
a
at
profit
the
9 in order that the company's earnings for
application of renegotiation act.—V. 159, p. 1756.
permitting abandonmentline of railroad extending from a point immediately
sidetrack
1
com¬
the
of
Chinook,
Aug.
seeks
of
all
acquire
new
Meeting Adjourned—
petition
a
the
from
Interest."—V.
an
employment
York
and
"
which
so
the
incorporating
comforts and
refinements
in
railroad
passenger
cars
incorporating
comforts
and
refinements
inrailroad
travel Which have been developed since
production of passenger cars
was prohibited by the War Production Board in
April, 1942.
Construction, of the equipment will start when materials are available
<
Operating
,
22,890
New
single track between North
the line
to
of
,
on:
No.
*Net
23,284
of
on
Rigby, in the town
Me.,. approximately 9.72 miles.—V.
1944—3 Mos.—1943
$8,023,899 $25,496,964
proposal
a
shareholders
expand
$250,000,
have
passenger
' /
''
'
located
are
Bower Roller Bearing
1944—Month—1943
$8,579,858
___
miles
is sought by the
Me.,
stations
it
the
to
dividends
pay
to
Ltd.
than
Receives
tThe capital net gain of
Radio
to
Ltd. has
This
.
profits
excess
Division;'which run parallel "can easily handle
bteween the points in question".
ICC
.tower
Co. of Pennsylvania—Earnings—
.: Period End. Mar. 31—
~
17
some
3 Mos. End. Mar. 31—
Bell Telephone
,
of
traffic moving
: The company has increased its authorized capital to 870,000 shares,.
"by the addition of 10,000 shares.
The issued capital is 854,023 shares,
i.
income
less
an
$5,379,119 t$5,209,939
the method of.computa-
on
1944,.
sale
$6,887,729
1,677,791
this gain is. a non-recurring item.—
as
.
.
.
Biddeford,
by the road of
;
the
from
1942
$7,092,917
the ICC.
passenger
Portland
:
Bell Telephone Co. of Canada—Increases Stock—
.
in
1246.
p.
Berwick
•
C
$1,669,268
the-income balance
Permission to
cannot be. sure :
we
and
to Edward G. Budd
Jr., Vice-President,
granted in consideration of the execution
according to information filed with the
New York Stock
Exchange,
The option pRm was voted by stock¬
holders last July and received court approval late last
year.
Boston & Maine RR.—Would Abandon Route—
disposition of this property, it has withdrawn entirely from the roof--
? ing
$1,654,239
periods ended March 31,
realized
from
159,
the
time
in Baroils Ltd, by acquiring
to be paid for by the»
companies
the particulars of which will be explained
will result in a substantial increase of revenue
revenue
(Edward G.)
109,060
"J 1,713,798
added
of'Canada
for
not
to
as
ditional payment'to the government, but,
of this.
We are looking forward to the
"
$2,096,462
427,194
the
the
$430,803
war
418,984
company's estimate, based
it .considers proper,
of the Federal
tion
the
$2,073,222
'
balance—__
^Includes
pure
10.
May
As
Income
research" in gilsonite,
hydrocarbon used primarily in-the:
storage batteries, electrical insulation, paints, varRieber, President, stated at the annual meeting held
solid
a
"some promising
is conducting
company
"Which
5
submitted
be
This
arises,
Options
$6,778,670
108,313
the
position
not
of
Interest,
,
a
Baroils
terly instalments.
*
these
company,
approval,
meeting.
occasion
$12,416,069 $11,226,978 $44,759,592 $40,810,628
5,626,008
4,783,274
20,930,489
18,633,378
1,346,400
1,235,400
5,051,930
4,916,321
10,493
65,839 "
31,115
*3,391,926
3,112,096 *11,761,454
10,416,420
had
interest
on
1%%
expenses
Uncollectible
will
their
"With
1944—3 Mos.—1943
revenues
Depreciation
Notes—
-
Co.—Earnings—
Period End. Mar. 31—
Operating
Equipment
on
of
new
the new Company and will add the important
provided by complete ownership of Baroils Ltd.
.
Operating
21.—V.
shares
the
in
to
159,
Boston Edison
-
the
to
directors
the
Dec.
and from 11% to 1007"
the
of
shares
these
on April
27 declared a dividend of 10 cents per share
capital stock, par $3, payable May 25 to holders of record May
10.
A like amount was paid on April 30 and Dec, 20, last year.
In
1942," the company disbursed 10 cents on April 2(3 and 15 cents On
*
of
advance leasing by the corporation of 70,000
square
feet in
Marbridge Building- at Broadway and 34th St., New York, N. Y.,'
where the Company plans to have "the largest store of its kind."—
(The) Aviation Cotp.—To Pay 10-Cent Dividend—
The
balance
issue
news
the
on
proposals have already been informally submitted
to
a
the larger debenture holders, and
shareholders, and they
that they are entirely- in favor of acceptance.
of
have Indicated
unit
will replace
l eral
"
Ruben,
ejected there, with
$2,219,127.
1967
of
to
the
evident
accrue
to
the
benefit
great -decline
that the
in
available
of
were
the
common
revenue
from
revenue
will not
the
substantial part of the outstanding debentures,
bility will only enable interest to be paid for three
-
shareholders.
"It
is
therefore
felt
to
be
desirable
to
As
and
or
reorganize
in
four
the
a
it
producing wells,
be sufficient
oper.
Non-util.
Net
$550,444
$7,221,933
$6,357,357
286,022
267,635
3,477,661
3,150,402
exps,
80,851
77,756
788,121
622,231
revenues__
$196,890
$205,053
$2,956,151
$2,584,724
rev.' deduct,
costs
oper.
___
&
•
is
to
redeem
all
proba¬
more
Util.
$563,763
revenues
years.
and
make such revenue as accrues available for the
expansion of business
of a favorable opportunity should arise.
Other
income, (net)—
Gross
^Federal
taxes
449
16,126
3,726
$205,502
$2,972,277
$2,588,450
46,601
107,111
963.849
1,302,466
54,740
30,930
713,293
374,150
$96,679
deductions
Income
1,130
£198,020
income
$67,461
$1,295,135
$911,834
company
Net
income
^Includes
excess
profits tax.—V. 159, p. 1652.
r,
Net
sales
Cost
of
_
goods
sold
__
current
August.
'1943
1942 >
$15,166,118 $15,802,077 $12,078,823
8,155,072
8,857,687
5,882,877
year's
that
By
Chain Store Investment Corp.—Earnings—
.
Gross profit
Advert.,
sell.,
admin,
Net
operating
credits
Gross
Inc.
Federal
$1,725,486
and
inc.
*702,378
share,.
per
Gross
Net
$948,871
Traffic
200,229
—V.
*1,044,541
r
exc.
131,532
80,164
$823,402
$497,276
$1.34
$0.81
$1.04
$1,060,516
129,662
149,542
381,268
Other
159,
1652.
p.
revenues
Other
Divs.
$656,457
in
securities
60
the
the
in
producing
income
was
159, p.
profit
414
1943.—V. .158,
of
earnings,
excess
prof. tax.
earnings
Statement
Trust
Guaranty
for
agent
159, p. 932.
■
7
•
"V
.
Operating
Oper.
-".T'
*1943
&
638,410
income
"■:/-(...•••
______7
income
Gross
"Adjusted
—
2,822
$3,974,562
$957,470
•
$3,920,545
7, ,15,569
3,321
$960,292
$3,990,130
$3,923,865
7,450,720
1,771,341
to
give
to
directors
15
$2,218,789
on
holders
May
2
adjustments re¬
'v77;7'.77/7 v,v,"
tax
the
20.
the
6%
$2
per
share
on
stocks, payable
preferred
This compares
Co.—Earnings—
Other income
Mar. 31, '44
$622,296
____________
—
$2,269,380
1,672 592
$160,686
$596,789
1,018
4,348
$183,243
1.
401,436
$182,232
___„
$562,123
440,064
1,011
revenues
Operating income
involved, and it is not improbable that in certain classes of traffic
decreases rather than increases may become general.
If this should
1943
1944
Period—
Operating revenue deductions
$161,704
$601,137
62,489
50,883
212,394
are
the
be
ca.e
and
Income
the peak of net
has
company
transported
than 215,000,000
more
—____-
___.
deductions
■
intangibles
tax and surtax..
995
2,984
9,945
normal
15,750
18,000
55,222
Prov.
tons of freight and
for
excess
profits, tax
30,300
22,000
78,584
$73,709
$67,837
$244,991
Balance,
than 200,000, own the various securities
numbering more
__________
of
the
Since
report was circulated, the Government of Canada
policy with respect to post-war aviation. Under that
will be provided exclusively by a chosen
and a Government-owned company is indicated as that
In so far as domestic services are concerned, main line
annual
Century Ribbon Mills, Inc.—To Redeem
has announced its
international services
policy,
instrument,
instrument.
operations
to be conducted
are
feeder
lines
owned
be
to
are
by a Government-owned company, and
in zones by a number of privately-
operated
The railway companies are to be required to divest
the ownership of air lines within one year after the
of
close of the war.
It
a
distinct
number
contribution
Pacific Air Lines had made
the Canadian
that
pointed out
was
aviation
to
in
this
country
by
taking
over
a
of
a
Cerro De Pasco Copper
Peruvian
Government
made
in
was
concerned.
our
to
investment
our
present,
to
death
The
can
those
be
expressed
liquidated
on
We
that
can
terms
20,
the
separation
assume,
which
will
can
be
war
not
be
unjust
conditions, it has not been found possible, up to the
fill the vacancy
of
Mr.
the
sales
and
same
of
level
as
copper, lead and zinc also are running
last year.
The average price received
corporation for its copper in
on
the
board
of
directors
resulting
McKenna.
possibility of
a
dividend
from
^
on
the ordinary
stock,
payable
The
required
In
out of
the extreme" the
the business
release to. the road
security under the
as
telegram to the finance
had made this offer
a
port.—V.
159,
p.
annual
May
meeting
it
ington.
It also requested a public
asserting that as now constituted
'■'-■/"'V:
.:•"-
■
hearing on the pending financing
it is "injurious to the credit not
only of the Burlington, but of all railroads"
interest stands in grave jeopardy."—V. 159,
V.
and therefore "the public
p, 1859.
:
of
May
he
again
was
adjourned
a
for
12,
May
the
before
entire
Committee
that an unprejudiced and equitable
be had."
v,,'v
Boatner's request referred to a sub-committee
and
Mr.
last
week
agement
RFC
the
.
investigate alleged interference by the
and Jesse Jones with the manr
sub-committee report absolved Mr. Jones
charges. Senator Clyde Reed, a member of the
Finance
road.
the
of
Interstate
on
review of the
'//v"/
report on his
committee
the
that
petition
Reconstruction
the
declined
of
Corporation
A
sign
to
the
report.
1
hearing on Mr.
■
Reporting on its investigation into the charge.made by Mr. Boatner,
the sub-committee said in a majority report that "from the testimony
and evidence submitted, Mr. Jones should not be censured but should
be commended
for his diligence, in protecting the loan" which the
RFC made to the company in the amount of $10,161,000.
C. T, O'Neal,; President,
in a letter to stockholders denied recent
asertions of V. V. Boatner.
Mr: O'Neal's
letter follows In part;
"Mr. Boatner
csTs attention, to the $11,162,542 c-'h position of
the
company
liabilities
in
of February, 1944. He fails to state that there were
of $7,000,000 against this and that approximately./
as
excels
of working capital is necessary. It is impossible to retire
$1,661,000 of debt, declare addtional dividends of $700 000 and pay
a
premum of $500,0.00 on refinancing of outstanding first mortgage
bonds, all out of a balance of approximately $2,000,000.
But that is'
what Mr. Boatner's program would require.
To be sure, Mr. Boatner
states that the premium would not.have to be paid, but this is not
the case.
A premium is required.
"Mr. Boatner's statement that last month the management anplied
to the RFC for refund of a $25,000 premium paid in retiring $500,000
of
first mortgage bonds in excess of
sinking fund requirement is
$2,000,000
untrue.
■
■
..
:
■
1
.
•
Boatner introduced a resolution calling
filed, but. counsel advised that there
was
no
such a request and Mr. Boatner was,
informed on April 22, 1944, that no such application had been made.
"It is true as indicated by Mr. Boatner that on Oct. 11, 1943, Jesse
March
"On
1944,
10.
Mr.
application to be
legal basis for making
such
for
an
speaking in behalf of the RFC, addressed a letter to Mr.
questioning advisability of declaring any dividend on the com¬
at
that time.
However,
the same letter unequivocally
stated that 'directors have sole responsibility of its management, in¬
O'Neal
mon
stock
.
payment
Mr.
he
pay
it
Does
of
a
the
Uhs
any
in
of Mr. Jones to approve declaration of a dividend
it and the board voted to declare and
approve
fno°.
hke
sound
by RFC?"—V.
again
dividend
did
never
in
omitted
errs
the province
and
when earnings are sufficient to pay
reference to this statement.
stating that directors refused to vote
until Mr. Jones approved it.
It was not;
dividends
of
Boatner
"Mr.. Boatner
of
Mr.
Jones's recommendation to the contrary.
of the majority of the present board
domination
159, p. 1859.
Chicago, Milwaukee. St. Paul & Pacific
vises
The
meeting.
15 for
scheduled
situation
them.'
12.
Superior Court Judge Emory Niles set May
immediately
placed
Commerce
entire
d°claration
3,
stockholders
of
meeting
by
,
for
a
railroad
this
annual
RR.—Contest for Control—
director and a member of the executive committee
who sought control of the board of directors at the
Boatner,
V.
cluding
1943 was 11.251 cents a pound f.o.b.
107.
scheduled
,
banking firm on May 9 termed
pending financing plan.
The firm offor the Burlington on terms which it
$30,000,000 of the $70,000,000 collateral
Morgan Stanley plan.
division of the Commission, Otis & Co.
to Ralph Budd, president of the Burl¬
investment
handle
to
would
said
Cleveland
Co.
&
at
Election inspectors said it would take several days
to count proxies submitted by Rawson G. Lizars to determine whether
they constitute a quorum.
Mr. Lizars represents a group of stock¬
holders supporting a
slate headed by himself in opposition to the
pre*<mt directors.
The management withheld its proxies from the
until
therefore, that
the outcome
was
Jones,
Certain-teed Products Corp.—Meeting Adjourned—
shareholders.
Because of
the
about
the
by the Minister
to the effect that there would be no con¬
made
to
April
on
query
Otis & Co. Protests Financing—
within
Parliament
charge of Civil Aviation,
fiscation, and the opinion
loss
Corp.—Earnings Hold-
regulations.
was
in
without
May
Earnings for the first quarter of 1944 are running at about the same
comparable 1943 period, Harold Kingsmill, President, told
stockholders at the annual meeting held on May 10.
He reported that
throughout with the knowledge of the Government, and in compliance
statement
on
rate as in the
production
A
held
meeting
struggling and scattered companies and welding them into
a closely knit,
efficient organization, without encroaching on the field
reserved by law for Trans-Canada Air Lines; and that it had proceeded
with
7% Preferred
11, the Board of directors voted to call
for redemption on Sept. 1, 1944,
at $115 per share and accrued divi¬
dends, all of the outstanding shares of its 7% cumulative preferred
stock.—V. 159, p. 1756.
At
companies.
themselves
surplus
"Appraisal cost of financing.- -V. 159, p. 837.
stock", of the company.
and
$388,742
$120,754
for
Net income
"Amortization
55,000,000 passengers.
Investor :,
$110,821
_____
Prov.
passed.
the commencement of the war, freight, passenger
railway traffic has continued to expand. In this period the
each year since
ancl other
income
Gross
trend, further im¬
their upward
continue
expenses
will have been
income
In
if
the net results cannot be expected, and
provement in
:
sub-committee,
3 Mos. End. Mar. 31 12 Mos. End.
degree
same
of letters from Senator
Ed Rowe of Ohio
; '
; :
In his letter, Mr, James explained that rather than fix a per diem
fee
with Morgan
Stanley & Co., "we preferred to fix a definite
amount to cover their expenses and services in connection with the
transactions,
including fees of independent counsel acting for the
purchasers.
On this basis we agreed on a gross fee of $75,000.
If
this amount is amortized at the rate of $3,000 a year over the 25 year
life of the bonds, it results in an additional cost to the railroad
company of approximately 1/75 of 1% per year on the average amount
of the bonds outstanding and is equal to the /regular commission of
14 % charged for selling bonds on the New York Stock Exchange."
.
Mr.
James
said that Morgan Stanley & Co. will pay $10,000
to
$15,000 counsel fees, in addition to their own expenses, and their
portion of the gross fee will be between $55,000 and $60,000.
and
Central Ohio Light & Power
earnings for the remainder of the year will continue to show
of improvement as in recent months.
Many factors
that gro:s
dividend of
a
and
$6
May
18.3%.
Operating
'
requested that the report issued on May 8 by a sub-committee of the
Senate Interstate Commerce Committee be set aside, "that the matter
V:.;
declared
on
record
of
//hh';' ///v
Shipstead of Minnesota and Representative
and from letters received from Otis & Co., Cleveland
$2,112;245
$509,571
effect to Federal and State
March 3.1, 1943.- -
accumulations
to
.
RR.—Answers ICC on
1,811,622
7
♦
in the winter of
traffic.
'r.c
stations),
period.—
v
Commission's
The
"prodigal in
Pay $2 Dividend—
The
June
A substantial part of this improvement resulted
There was also a freer movement of other traffic
1943, owing to less severe weather conditions.
Working expenses have continued to increase for the same reasons
mentioned with respect to expenses for the year 1943.
Net earnings
after taxei have accordingly improved but slightly.
While the industrial activity of Canada has reached a very high
level and while railway traffic reflects this activity, I would not expect
by
..
notes.
ferred
1944—12 Mos.—1943
with $1,50 per
share paid on March
15, last.
After giving effect, to the current
declaration, arrearages on both issues will fftnount to $8.50 per share.
Payments in 1943 were as follows: Feb. 18 and Sept. 15, $6 each;
and Nov. 15, $4.—V, 159, p. 547.
grain
in
;.■:■■■■:
9,837
1934.
Fee Payment— ■ \ /ii ;:v \.V
J. C. James, Vice-President and General Manager of the road has
the
Intersate Commerce Commission's query as to
what
services Morgan Stanley & Co., New York, performed for the Burl¬
ington to earn the $75,000 fee specified in the Burlington's application
to
issue $30,000,000 of collateral trust bonds and $10,000,000 serial
Otis
traffic volume.
While gross earnings for the year increased $40,000,000, net income
showed an improvement of only $2,600,000, of which $1,159,000 resulted
from a reduction in the fixed charges for the year.
For the first three months of the present year, gross earnings have
increased
with
p;
compared
first four
answered
period
$4,224,854 $17,969,942 $16,727,511
3,267,384 ; 13,995,381 *12,806,968
__$430,325 ; <*.
subsequent
To
.
gain of 535 stations,
April, 1942. For the
a net gain of 1,460
1943 and 11,975 in the like 1942
Chicago & Eastern Illinois
income
Net
(Baltimore)—
Henrick
Service Co.—Earnings—
$884,732
454,406'
Deductions
corded
and passenger
the increased
than
158,
;/7:: '7;77'-7:7 ,.'"■'■/v,;
-
4,552
_________
$10,698.-
Stations Gain—
during April had a net
company
compared
V.
$0.37
Co.—Co-transfer Agent
$880,180
Net oper. income
(pre¬
$183,657;
.
.
2,285 in April, 1943, and 3,151 in
of the year the company had
stated
Other
2041.
p.
months
$278,291
638,410
$0.37
$275,575
account of
from
The
with
York has been appointed coof $15 par value common stock.—
$4,653,320
3,773,140
taxes—
158,
Number of Telephone
1942
$767,737
489,446
increased labor
costs, increased prices for material and higher taxation have had the
effect
of offsetting
all the benefits of improved unit performance
resulting from
174.—V,
1941
"$614,281
$1.70
$1,038,231
762,656
1944—Month—1943
revenues
exps.
(common), $3,500,000; capital stock
ferred), $500,000; accounts payable, $570,894; accrued wages.
reserve
for taxes, $2,328,246; surplus, $3,615,378; total,
net
New
shares
400,000
,
of
Co.
•
and equipment,
excess
Chicago Burlington & Quincy
quarterly
the
for
■
\
machinery
receivable, $2,405,831; deferred assets, $76,693;
profit tax, $434,885; total, $10,698,174.
accounts
Liabilities—Capital stock
,;77' ■ W
/"J
charges.
7 .
March 31, 1944,
$1,487,323;
buildings,
and
Chesapeake & Potomac Telephone Co.
$81,885
755,422
$0.05
•.
shares--—
share-———
Period End. Mar. 31—
$55,000,000.
and taxes for 1943 required 83 cents out of every
approximately the same as during the low traffic
years.
Thus while freight traffic has doubled
traffic has trebled since the commencement of the war,
7'.-77::'
1942
*$626,777
$1.74
1944
$139,187
57,302
%
Central Illinois Public
Policy—
pre-war
of
post-war refund
Subs.)—Earnings—
Central Illinois Electric & Gas
recalled that during the 15 years
previous to 1939 many reductions had been made in the charges for
certain classes of traffic in order to meet the rising tide of highway '
competition.
Had we enjoyed in 1943 the same average revenues per
ton
mile and per passenger mile as in 1924, gross earnings would
Working expenses
&
net
common
all
transfer
be better appreciated when it is
dollar
7
1943
f$362,054
$1.00
1944
f$243,570
' '
$0.67
:
taxes
Consolidated
The
:£";V<'v
annual general meeting of the shareholders held on May 3,
said in part as follows:
earnings for the year 1943 reached the record height of $297,000,000.
Notwithstanding successive increases in operating costs, the
traffic has been carried at pre-war rates.' The full significance of this
have been higher by
7';
"
,
.
$1,116,306;
1,254,439
ended Jan.
31, 1944, iollows:
/
7v>
Net salees (after deducting freight, allowances, discounts and provi¬
sion for renegotiation), $4,866,844; cost of sales including selling and
adm. expenses, but exclusive of depreciation,
depletion and amortiza-'
tion), $4,560,587; net profit from operations before depreciation, de¬
pletion and amortization, $306,257; other income, $26,446; total in¬
come, $332,703; other deductions, $37,786; provision
for depreciation,
depletion and amortization, $155,730; Federal normal tax and surtax,
$52,932; Federal excess profits tax
(less post-war credit of $227),
$2,046; other income taxes, .$2,324; net profit, $81,885.—V. 159, p. 1247.
The
Gross
may
taxes
1944
1
*$229,825
$1,112,919; buildings and equipment (amortized), $920,883; patents,
$86,471; U. S. Treasury bonds, $100,000; inventory, $2,956,865; cash,
$2,371,463
$2,511,829
1,222,832
$181,905
$178,539
/v
before
per
"After
Coleman, Chairman and President,
C.
1,690,484
134,605
Co.—Earnings-
1943
'
1942
*$184,363
*$205,068
$46,050 in 1943
1942, reserve for amortization of war facilities of
$62,954 in 1943 and $20,000 in 1942, and estimated
$919,293 in 1944, $737,454 in 1943 and $478,493 in
1944,
in
Assets—Land
1944 and $400,000 in 1943 for reserve for post¬
adjustment of inventories and other contingencies.—V. 159, p. 547.
Outstanding
interest pre¬
$320,689;
reserve
■
1942.
1,590,473
stocks.——__________
share
income
1944
cost,
depreciation charge of $27,093 in 1944,
$47,353, in
$75,735
$3,961,936
162,640
1348.
per
Earnings
the
At
$4,202,313
Reviewed—Gross in- First
Canadian Pacific Ry.—1943
D.
1,654
$316,510
^
_________
Consolidated
V.
Quarter Increased 18.3%—Dividend
and
Federal
provision for all taxes, including $986,321 in 1942 and $320,1941
for Federal excess profits
taxes.
fAfter taxes and an
Federal
shareholders
of 15% has
lyf,.
2,386
$314,856
Quarters Ended Jan. 31—
company's portfolio as of March 31,
the past 12 months," said Calvin
1128.
p.
$35,000;
payable,
profit after chargegs and taxes
"After normal
$3,934,966
26,970
$4,184,296
18,017
..
after chgs.__
"Earnings
residing outside the Dominion
of
Canada a
deduction
been made to cover the tax
imposed at the source by the Dominion Government on all dividends
payable to non-residents of Canada.
'
:
From
the dividends to shareholders residing in the Dominion of
Canada
(excepting corporations and certain types of organizations
exempted by law and regulations i a deduction of 7%
for Dominion
of Canada income tax has been withheld as required by law.
vDuring the first quarter of this year, outstanding Special Shares
increased by 47,515 to a total of 2,580,050 on March 31, 1944, which
was
the
largest
number
of
Special Shares outstanding on any
calendar
quarterly date since the formation of the company.
At
March
31, 1944, total net assets, with securities valued at market
quotations, amounted to $9,504,918.
Per'share net asset value was
practically unchanged on March 31, 1944, Compared to the end of
to
1944—12 Mos.—1943
$341,179
(net)
Celotex Corp. (&
,
dividends
the
From
in
war
-
President.
Bullock,
$338,793
charges
at
investments,
$4,519;
Chapman Valve Manufacturing
Net
addition of $200,000 in
cash
dividend
is the same as the amount paid on the corresponding date of each
of
the
preceding seven years,:
Total cash dividends paid by the
company to shareholders since incorporation exceed $3,000,000. "Every
of
125,000
income
"After
<
1944,
$2,766
3,567
Quarter Ended March 31—
)
Carpenter Steel Co.—Earnings—
The May 1, 1944, payment was the 45th consecutive quarterly
dividend paid by the company. The per share amount of this
one
165,408
Quarter End. Mar. 31—
Dividend—
::
'/r-7 7>:::"/7"/
466,631
applicable to pfd.
—V.
May
four cents.
1,
$3,774
3,567
3,567
Balance Sheet, March 31,
*
3800.
p.
$1,336,344 $18,083,219 $16,310,693
439,822
6,832,851 • 5,821,126
; > 271,043 % 3,758,190 : 3,334,507
185,623
1,807,882
1,810,094
125,000
1,500,000
1,410,000
352,446
approp.
Net income
$1,093,036
436,579
1 paid a dividend of four cents per share,
Canadian
funds,
to
stockholders of record April 15;
A similar
distribution was made on Feb. 1, last.
Payments in 1943 were as
follows: Feb. 1 and May 1, four cents each; Aug. 2, five cents; and
Nov.
____
—
income
Interest
■
on
company
146,
■Earnings—
1944—Month—1943
$1,448,278
___
revenues—.
oper.
Earnings
The
$3,438
3.5«7
$4,903
surp.
Balance Sheet,
Net
Net
Investment Fund, Ltd.—4-Cent
Canadian
amount.—V.
like
a
taxes
Prop, retir. res.
include income excess profits taxes.
Note—Ooerating expenses do not
cur.
stock__
,
lor taxes, $815; reserve
for one year's dividends on preferred stock, $14,268; $6.50 cumulative
preferred stock (2,195 shares, no par), $98,775; common stock (10 cents,
par), $10,000; capital surplus, $537,064; loss on securities, Dr$375,221;
current surplus, $4,648; total, $325,350.—V. 159, p. 733.
Railroad—Note-—
taxes
Gross
$679,248
$212,972
$221,069
earnings
Net
1943
$362,514
Operating expenses
—V.
Federal
1943—3 Mos.—1943
$350,731
for
note
Operating expenses
Ltd, —Earnings—
1944—Month-
/_•—;>
to
pfd.
on
Assets—Cash,
25
Period End. Mar. 31—
Operating
■;
earnings 1
April
on
Carolina Power & Light Co.
net income of
whose
accounts are
Corp
ICC
outstanding
$116,060 in 1943,
The
Period End. Mar. 31—
Gross
,
$7,955,000
authorized the company to issue a secured
promissory note for not exceeding- $234,278, to be delivered at par to
the Denkmann Lumber Co. in exchange for, and in satisfaction of, an
The
$3,710
943
paid, $142; total, $325,350.
Canton & Carthage
42,126
$640,341
——
Canada Northern Power
1943
,
$7,778,0.00
1756.
p.
inc.
Net
Liabilities—Notes
1635.
p.
1944
April 30—
earnings
159,
1942
$4,655
381
$8,677,442
$9,767,033
$3,617,419
$3,888,868
.
9 Days Ended
15,097
194,143
company's wholly-owned Canadian
subsidiary
included in the above summary,
amounts to approximately*19.0%, 13.2% and 11.9% of the consolidated
net income for the six months ended March 31, 1944, 1943 and 1942,
respectively and is stated in U. S. dollars on the basis of Canadian
official exchange rates.
All Canadian transactions involving foreign
exchange are subject to Canadian Government restriction and control.
(2) The above summary includes provision for depreciation in the
respective amounts of $272,310, $314,353 and $260,905 for the six
months ended March 31,
1944, 1943 and 1942, respectively.—V. 159,
(1)
earnings
334,332
post-war
Notes
_____
1943
$4,375
937
1,135
Expenses
$27,119,666 $24,021,211 $74,847,993 $63,282,657
23,230,798
20,403,792
65,080,960 54,605,215
earnings
Working expenses
Dividends income
1944—3 Mos.—1943
1944—Month—1943
1941
1944
$6,038
3 Mos. End. Mar. 31—
Period End. Mar. 31—
2,120
7
241,165
credit o^, $80,132 in 1944 and
10n 615,157 shares of $5 par value common stock.
■'After
,,
Earnings For Stated Periods
Div.
$2,284,558
10,071
,
for the period——
income
tEarnings
$935,960
12,911
10,226
27,589
etc.)
(est,)—,,—.—
taxes
-Ed.]
5,259,986
(est.) —
profits tax
Canada
of
profits
4,670,058
paid, etc.),.
(estimated).-
int.
taxes
$6,195,946
$1,697,897" $2,274,332
—__
receiv.,
■-
excess
Net
income
(inch
income
Dominion
general
5,313,150
income
Federal
$6,944,390
,.
expenses,,
(incl. int.
deduc.
$7,011,046
—
and
distr.b.
and
Inc.
sales,—;
on
management
proxies at the annual meeting. Proxies of both sides will be produced
at the Court hearing.
Meanwhile the management was enjoined from
removing the proxies from Baltimore, Md.—V. 159, p. 1756.
time
the prairie grain
of
1944
petition to mandamus the company to produce the
Lizars'
earnings, will be considered by the directors in
we will be able to estimate the probable size
crop, and certain other issues having an influence
on
our net
earnings for the year, will have been determined.
[A dis¬
tribution of 2% (50 cents per share) was made on the ordinary shares
on
March 31, 1944, which was the first dividend since April 1, 1932.
the
Subs.)—Earnings—
Canada Dry Ginger Ale, Inc.
6 Months Ended March 31—
1944'
Monday, May 15,
THE COMMERCIAL & FINANCIAL CHRONICLE
1968
RR.—ICC Re¬
Reorganization Plan—
ICC
on
Mav
plan of the road.
1
issued
a
revised
A summary of third
version of the reorganization
supplemental report follows:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
159
(1) Limitations imposed upon the periods for which the maturities
6f interest or principal of the bonds to be issued under the new mort¬
the
declared,
mission
postponed under the so-called escape provisions to be
included
in
those
mortgages,
such postponements to be permitted
either before or after the interest is due or the principal matures.
(2) The provisions of the plan relative to dividends on the series A
preferred stock modified so as
• .
(a) To require that dividends of 5% be paid or declared and set
aside for
payment on the preferred stock before any dividends in
respect of the same income period may be paid or declared and set
aside for any dividends on the common stock.
(b) To provide that dividends at the rate of 5% per annum on the
preferred stock shall be assumed to have been paid for the three con¬
secutive calendar years immediately preceeding the effective date of
the plan for the purposes of determining the applicability of the pro¬
vision that payment or setting aside of dividends of 5% per annum for
3 immediately preceding consecutive income periods on the preferred
stock shall be a prerequisite fo the payment of dividends on the com¬
gage
full
ceived
be
may
that the question
and
consideration of
and
securities
the
Court.
the numerous
financial
a
whether
senior
creditors
have
re¬
Cleveland Graphite Bronze
treatment rests in the informed judgment of
compensatory
Commission
"A
decision
that
on
investment features
analysis of
of
issue
the
involves
old
and
Net
new
(c)
,
in
clarify the authority of the directors of the new
descretion, to declare dividends on the series A
To
their
stock,
with
to
respect
income
between
periods
such
company,
the
on
court
than
rather
plan
the
$3,000,000
322 000
$1.50
$'itoo
share
charges,
Including dividends on the preferred stock and
effect, and after setting up estimated reserves
of contracts, post-war rehabilitation and contingen¬
in
now
renegotiation
1284.
Coca-Cola Co. (& Subs.)—Earnings—
Quarters Ended March 31—
Net Income
Net
before
tEarnings
tNet
1944
___
1943
$9,478,067
taxes—
earnings
$9,790 622"
$3.75
applicable to common stock, after
charges.—V. 159, p. 1757.
and all
•
4,1251622
3,888,067
—
share
per
earnings
class A dividends
$1.03
taxes,
reserves,
.
Colonial Radio Corp.—Proposed
Merger—
See Sylvania
Electric Products, Inc.,
below.—V.
Colonial Stores, Inc.—Sales Rise
Bids Sought on Notes—
The
Period End. Apr. 29—
through .its trustees, will open
of promissory notes, to
that the preferred stock, series A, shall have the
right to elect not less than 2 directors after default of the equivalent
approximately
of
159, p. 1860.
May
bids
Sharply—
1944—4 Wks.—1943
1944—17 Wks.—1943
approval of the ICC.
(4)
six
dividends
quarterly
holders
that
provide
To
of
charter
require the affirmative vote of the
such stock as a prerequisite to any
materially any provision of
and
two-thirds of
least
at
The
fixed
charges,, for
determining the amount of
available.net income for contingent interest, the additions and better¬
ments fund, and the sinking funds, of that part of the
charges to
operating expenses representing the service value of nondepreciable
roadway property retired and not replaced.
(6) Providing for the designation of members of the reorganization
committee and voting trustees in case the court shall find that the
interest in the debtor of any of the parties otherwise entitled to make
such designations is no longer substantial, and authorizing the court
to designate voting trustees if any of the parties entitled to make
such designations fail to do so within such time as the court shall
consider
reasonable.
purchase" of
Adjourned—
adjourned for
was
1860.
159, p.
The
previously arranged.
The directors
.
the
Capitalization of the new company after issuance of the new securi¬
and
assumption of certain existing obligations will aggregate
ties
*
and
the
carried
Details
the
which subsequently has been modi¬
issued in April, 1940.
Litigation ensued which
reorganization
only slightly, was
twice
plan,
the
to
case
Court.
Supreme
previously have been disclosed
Commission's latest order makes no change in approved allo¬
the
of
cations.—V.
at
to
cost
and
$1,968,000;
and
par
1653.
the
plan
reorganization
I860.
159, p.
Modify Plan—Requests of Protective Committee Turned
Down—Makes Minor Changes of Its Own—
to
its
modify
final
in
Commission
Commerce
Interstate
clined
issued
report
a
of reorganization for
plan
the
May
March 13, June
which
road
Jan. 3, 1944.
however, did make some slight revisions on its
motion in respect of the capital fund, provided by the plan.
The
The
own
Commission,
these revisions was to reflect recent changes in ICC ac¬
counting rules under which non-depreciable property retired and not
replaced, previously charged to profit and loss account, is now charged
objective of
to
Harold E.
payable
$5,
par
June
made
was
14 and Dec.
14, Sept.
Talbott.of
Committee
director
that
of
Chairman
of
the Mead
Corp.,
159,
the
for
general mortgage bonds, the protective committee for pre¬
ferred stock and certain other bondholder groups to revise the plan,
Provisions of the plan relating to payment of dividends were changed
by the ICC to read as follows:
"The first mortgage shall contain a covenant that the reorganized
Rock Island
shall
company
acquisition of
make no distribution by way of dividends or in the
its stock, except out of its earned surplus accumulated
1, 1944."
after Jan.
and
Total
capitalization of the reorganized company under the plan, as
reaffirmed by the Commission, will be $356,117,327, or $12,010,083 less
than
approved.
previously
to
the
succeed
to
14
effective
..
and
that
or
Jules
the
in
"desires
In
reduction
the
the
amount
duced somewhat the fixed annual
the
supplemental
also
is
report of Jan.
that
recognized
road
the
of
obligations re¬
reorganized
equipment
cash requirements of the
this fact was recognized by
of $1,024,833 in the amount of
company,
crease
of
in
approval of an in¬
stock provided for in
our
common
1944,"
3,
amount
us
the Commission
equipment obligations
said.
of
a
"We
rail¬
to fluctuation upward as well as downward, and in
would not be warranted in increasing the amounts of
the various other classes of securities comprising the approved capital¬
ization to any greater extent than was done.".
subject
opinion,
our
The
we
reiterated
Commission
its
ings and the cash position of
in the
is
total capitalization.
view
that
the
the system did
It reaffirmed
a
improved current earn¬
warrant an increase
not
previous finding
that there
justification for the issuance of warrants to stockholders.
I
■
Commission also stood on its previous conclusion that the gen¬
no
The
eral
mortgage bondholders are
through
the
allotment
adequately compensated under the plan
new
securities representing the equitable
of
equivalent of fights surrendered.
Commission
Regarding
distribution
provlde.d
contentions
Explains Positions
that
additional
of
the
first
stockholders
mortgage bonds
and
share
surplus
in
the
cash,
as
the
crediting against
allocated
satisfied
itors'
is
deficiency of over $80,000,000 in the provision made for cred¬
The fallacy of this contention, said the Commission,
by the fact that no secured creditor allotted new securi¬
claims.
evidenced
ties
the
in
cured
plan
(other than
noteholders)
claims
receives
the
new
general
mortgage bonds and the se¬
securities equalling the amount of its
for
principal and interest to Jan. 1, 1944/
findings in our report of Jan. 3, 1944: Thart the liquida¬
tion value of the collateral pledged under the notes held by the banks
"The express
the RFC is less than
the face amount of such notes, and ouri find¬
that the general mortgage bondholders would
receive only the equitable equivalent of the rights surrendered
by them
further answers this contention," said the ICC.
"The fact that the
banks have to liquidate their collateral does not change the
situation,
and
ings in the
because *the
the
reasons
purchasers of the collateral will receive
instead
whv
we
of
the
banks.'
considered
it
We
also
the
have
inappropriate in
allotments
of
stated
this
previously
proceeding to
attempt to provide for the compromise and payment of the RFC loan."
Cites
Supreme
The Commission also held to
adopted
the
of
for
allocation
of
cash
its
Court Decision
previous conclusion that the method
the
on
values
of
the
free
assets
and
mortgaged assets affords equitable recognition to the relative values
the
claims
different
The
of
been
to
the
levels, of
Commission
creditors and
income;
cited
the
reflects the
-
road's
earning power at
.
Supreme Court
decision
in
the
St.
Paul
to support its previous conclusion that the general
mortgage bond¬
holders have been given full compensation.
The Court said, the Com¬
rase
500,558
32,895,292
1,478,060
1,399,507
1,282,223
1,281,797
69,664
2,344,746
2,426,553
profit
$1,425,184
$1,170,567
42,740
$2,922,115
32,785
81,413
$2,973,902
143,763
$1,457,969'. $1,213,309
$3,003,528
$3,117,665
oper.
charges.
excess
Net
*niu'"v•
its
oil
business
the
order
directs
distribution
to limit
company
conducted
business
its
all
of
utility
to the
able
it
oil
its
all
business,
of
its
production
gas
the
of
:
•••
♦<
vast
"The
and
v.,'
•
complex oil
the
Gas
three
companies,
to
designated
as
retain
by
the
the
group
have
to
or
and
holding system itself has
in every
operates
State
more
terprises.
foreign
countries.
ownership of
patents
and
real estate, irrigation,
various manufacturing
•
,
and
&
Electric
structure
electric
assets
is
opinion
the
represents
of
Service
Cities
the
47
companies
the
Power & Light to strip itself of all but
that
it controls.
An
appeal from
gas
Commission
the
6
and
capitalization
The
this
Explains Its Stand
5%
rejecting the company's claim that the oil business was "reason¬
operations
(Holding Company) Act, as it affects the issues in this case, is
on the very problems here presented.
It was
the intention, manifest in the Act as passed, that the retention of an
oil business fogether with a gas distribution business be permitted only
upon
the showing of a relation between the two, in specific cases,
which would warrant such retention, and it was not the intention to
make the Act a means of absorption of relatively minor utility enter¬
prises by vast industrial combinations. We cannot find that the oil
is
incidental or economically necessary or appro¬
priate' to any utility operations in the Cities system.
"However, we have permitted the retention of natural gas production
'reasonably
transmission
agree
facilities together
that the record
gas distribution, and
intimate relation between natural
with natural
shows, an
and oil production."
Cities Service got until May 15 to make petition to be limited other¬
wise thah ordered by the SEC.
gas
production
Commission
determined
also
that
should be limited to the properties of
ordered
that
Arkansas
Natural
Gas
Arkansas
Natural
Gas
Corp.
Arkansas Louisiana Gas Co., and
Corp.
sever
its relationships with
companies named below by disposing or causing the disposition,
any appropriate manner not in contravention of the applicable pro¬
visions of the Act or the rules and regulations promulgated thereunder,
of its direct and indirect ownership, control, and holding of securities
issued and properties owned, controlled, or operated by the following
companies:
Arkansas Fuel Oil Co., Arkansas Pipeline Corp., Arkana
Transit Co., The Penn Wyo. Trust, The Atlantic Oil Co., The Phebus
Oil Co., The Columbus Oil Co., Lisbon Gasoline Co., Inc., Transark Oil
& Gas Co., Petroleum Advisers, Inc., Gas Advisers, Inc., Orange State
Oil Co., and any other security, operation or interest, direct or indi¬
rect, not found by the Commission in its findings and opinion to be
retainable by Arkansas Natural Gas Corp.
the
in
with
Commission
the
the
year-end
a
Holding
June
on
Cincinnati
Gas
&
May 16, 1938, all stockholders were notified that the outstanding
stock of the company was changed by converting each 10
15
Com¬
to
con¬
Electric
Co.,
retained.
also
whether
and
surplus)
preferred
have
no
(one
Columbia
holds 19.39%
Gas.—V.
159,
p.
of
the
1654.
of
distribution
repre¬
voting
the
power
(34.9%
rights
over
electirc
stock
common
stocks
voting
control
or
systems
of
except
the
by
total
dividend
outstanding voting securities
/
1944—3 Mos.—1943
1944—12 Mos.—1943
$
Operating
$
49,257,183
19,067,358
2,521,713
revenues.™
Operation
46,550,490
$
$
183,564,838 173,468,669
17,894,884
74,036,087
1,959,821
9,915,234
8,686,793
6,035,729
3,789,000
5,832,285
22,832,035
22,496,350-
3,696,100
14,703,000
13,650,000
2,640,800
2,245,800
4,083,200
3,807,600
intang.
6,086,214
5,885,847
23,106,677
22,042,471
Net operating income
Chicago & Illinois Mid¬
land Railway-
9,116,369
9,035,753
34,888,605
34,987,903
local
Federal
Fed.
and
Prov.
taxes—
profits,
for
67,797,552
mlscel.
income
exc.
less
credit
deprec.
write-down of
and
Dividends
—™
Interest
_
250,000
__
180,000
Cr26,875
Other
Cr26,875
107,500
107,500
32,553
Dr22,049
421,239
205,612
9,175,797
3,311,313
9,040,579
35,667,344
35,481,015
3,273,599
13,176,841
12,879,374
5,864,484
5,766,980
22,490,503
22,601,641
_____
Gross Income
Deductions
(net)
—__
Consol. net income—_
Weekly Output—
Electricity output of the Commonwealth Edison
excluding sales to other electric utilities, for the
1944, showed
8.5%
an
increase
over
the
Week Ended—
May
of companies,
ended
the
past
1944
___L.
170,515,000
170,951,000
174,621,000
189,212,000
,■
15
May
four
1943
170,495,000
184,458,000
April 22—
—V.
week
185,032,000
6
April 29——
April
group
6,
corresponding period of 1943
Following are the kilowatthour output totals of
and percentage comparisons with last
year:
189,821,000
weeks
% Increase
8.5
.
8.2
10.7
8.7
159, p. 1860.
Commonwealth
R.
J.
peake
Warrants for1 Fractions—
On
made!
were
Commonwealth Edison Co. (&
Subs.)—Earnings—
post-war
"The
we
of
cumulative
Federal taxes
the result of deliberation
and
compliance
the
consider
Maintenance
of
business
per
was
Integration Pro¬
—
utility system or parallel
system, for Instance).
will
United Corp.
Columbia
State,
ably incidental or economically appropriate" to the utility
the three retainable companies, the SEC observed:
cents
40
distribution
whether their nonutility assets
may be
Gas may retain its interest
in
one
last
the Third Circuit. Court of Appeals,
pending before
SEC
In
Corp.
integrated
A.
directed
fraction
in
default.
of
Commission's
order
of
$2.50 each, pay¬
par
similar
Columbia
single
The
en¬
phase of the geo¬
graphical integration proceedings against the Cities Service system,
prior orders having dealt with the similar intergration of the subholding company systems of the Cities Service Power & Light Co. and
the Federal Light & Traction Co.
In an order of Aug. 17, 1943, the
a
A
voting power is fair and equitable, since the
senting 36.28%
of the capitalization, has 99%
than $1,000,000,000
several
and
ice and water supply, steam heating,
transportation,
SEC
dividend
stocks,
control of
system and
Corp., also would have to be cut from
Subsidiary companies engage in not only oil, electric and gas businesses,
The
B
19.
of
Cities Service
but also in
the
systems and
any
system.
of. assets
corporate
Act.
Whether
$250,000,000.
Four other important oil companies, Cities Service
Oil Co. (Pa.); Cities Service Oil Co., Ltd.; Arkansas Fuel Oil Co., and
the
Gas
hearing will be held before
tems
than
in the Richfield Oil
cash
a
May
which may be retained
by Columbia Gas, and whether
nonutility operations of these companies may be retained as "reason¬
incidental and economically
necessary."
Whether the 24 ga's utilities constitute a
single retainable system
dispose of 115 oil and non-utility companies, including the major Cities
Oil Co. (Del.),
which has a stated net plant value of more
interest
record
ably
Service
an
of
Dayton Power & Light Co., Union Light, Heat & Power Co.
(operating
in Kentncky), Miami Power
Corp, and West Harrison (Ind,) Electrid
& Water Co. constitute more than
a
single integrated system or sys¬
of
would
declared
3
class A and class
on
Whether
gas
It
May
holders
sider:
Cities may choose
of its system
then
SEC,
$1,203,543
May 2 instituted proceedings to intergrate the Columbia
Electric Corp. and its 42 subsidiaries
and to simplify the-
and
A
rest
Mid-Continent
$1,189,166
3, last.
In 1943, the following payments
5, June 4 and Sept. 3, 30 cents each; and Dec.
3,
cents.—V, 159, p. 1654.
system's
pany
,.1,
decide
Service
Cities
$416,389
March
The SEC
transmission
added.
Should
22,800
ceedings—
utility operations
be incompatible," the Commission
have been found to
system
and
on
to
2
Columbia
in
'
business
22,800
1,294,120
-
$663,225
_
the present
011
March
to
intact."
7,800
and
gas
companies
and
634.700
612,620
directors
on
June
made
all of its other non-utility holdings, if Cities should
comply with Section 11 (B) (1) (of the Holding Company
Act) by disposing of its holdings in all utility companies.
In designat¬
ing the Mid-Continent distribution properties as the single retainable
choose
taxes
566,721
689,900
374,100
______
15,600
for
497,442
Columbia Broadcasting System, Inc.—40c. Dividend—
and
business,
1,477,591
236,300
profits tax.
income
The
what is designated as the Mid-Continent group, the SEC, however, said:
"Our order does not foreclose retention in the Cities Service system
of
29,457,146
ii>y, p» UJ3*
of 90
operations
three
by
178,719
surtax
contingencies
share
retain
166,524
and
taxes
Provision
utility business," the SEC gave the company a
May 5, of disposing of either its utility interests or its "vast
While
retail
income..
normal
Drop
report
same
securities
new
has
also a director and
Auto-Lite Co. and of
complex" oil enterprises and other non-utility units.
The
should
Jan. 3 revisions, the Commission stated that after
the claims of creditors at Jan. 1, 1944, all the cash
in the plan and all the new securities, there still is an un¬
in
He
is
Company
to
10,065,665
income.....
State
the
company
11,039,895
506,663
Fed
member of the
a
and Madison Square Garden Co.—
Orders
re-
473,187
Net
Other
the Commercial National Bank & Trust
Co.—SEC
and
515,801
Fed.
Bache.
S.
He
Electric
of
1944—9 Mos.—1943
$14,735,864 $12,941,117 $42,039,719 $37,617,415
14, last, and on
Utility Business— /
if
remain
choice,
net
pairs, etc....
Selling and admin, exps.
Taxes, other than inc.—
Deplet., deprec., etc.—
record
of
(& Subs.)—Earnings—
1944—3 Mos.—1943
ex¬
Total
appointed
1927.
Committee
director of
a
Service
Holding
cannot
revs.,
sales, oper.
oper.
of
1653.
p.
date.
"While
holders
March
on
been
late
corporation since
the plan, to Jan. 1, 1944, the new
the former effective date of
1942,
the reduction
1,
The Commission stated that
decrease in equipment obligations in the period Jan.
resulted from a
not
rate
14, 1943.-
New York has
Finance
Either Its Oil
The
operating expenses,
"
•the Commission had been requested by the protective committee
from
is
&
Cost
cost
New Member of Finance Committee—
de¬
8
approved
was
to
.
.
system we do not require retention of this system.
dispose of its utility holdings and retain the
Chicago Rock Island & Pacific RR.—ICC Refuses To
The
cars
interest
to
;
Diesel
nine
steel box
500
May 4 declared a dividend of 75 cents per share on
similar distribution
A
20.
on
stock,
common
May
'
$423 302 719.
fied
issued
be
exceed 2%.—V. 159, p.
Cities
old Chicago & North Western Ry. to a
new company and the issuance of new securities to effect a reorgani¬
zation were approved April 25 by the ICC.
The
Commission's
approval
of
the
new
securities
also carried
authorization for an adjustment or compromise of the claim of the
final
to
are
Co., New York City Omnibus Corp.
Transfer of properties of the
ICC's
locomotives
cost $4,279,500
Chrysler Corp.—Declares 75-Cent Dividend—
ganization—
terms
steam
10
$6,381,799 $30,784,935 $28,510,662
Colorado Fuel & Iron Corp.
Period Ended March 31—
Sales
North Western Ry.—ICC Approves Reor¬
Chicago &
on
Im¬
penses, rnaint.
notes
expected to
V.
RFC
Island
$1,702,500.
a
to be held May 9
meeting scheduled
quorum.—V.
a
Rock
trustees of the Rock Island, and the American
Motors Corp., and Pressed Steel Car Co., for
locomotives to
freight
Finance
lack of
the
$7,356,903
_____
—V. 159, p. 1551.
-
'
annual
between
Sales
on
Other
;
Annual Meeting
contract
a
11
be issued subject to
General
the
of
purposes
the
Co.,
Providing
The
evidence
will
Co.,
that the appointment"of voting trustees shall be sub¬
ject to the Commission's approval.—V. 158, p. 1860.
(7)
notes
on
$6,000,000
provement
altering
(5) To authorize the exclusion from the computation of income avail¬
for
company,
Locomotive
amendment
by-law
or
stock.
able
-
483,000
common
all
taxes
cies.—V. 159, p.
reduced to any amount not greater
of depreciation and retirement of
amounts
the
less
per
After
for
(est.)
and structures paid into the fund."
way
the
than
confirmation.
its
of
date
consummation of
the
directing
*
Federal
or
income for the capital fund shall be
plan and the date of its consummation.
(3) To make the term of the voting trust begin on the date of
of
non¬
1943
$16,127,578 $10,441,207
profit
Earnings
its accounting rules under which
the fund amount to or exceed $3,000,000, the re¬
permitted charges out of income for such funds for such
year shall be eliminated and in any year in which such payments into
the fund amount to less than $3,000,000, the required charges out of
the
order
changes In
payments into
quired
preferred
effective date of
the
recent
"If, however, the reorganized company shall for any calendar year
in respect of which such credit is made make any charges to operat¬
ing expenses for depreciation or retirement of way and structures, the
entire amount of such charges shall be paid into the capital fund not¬
withstanding the fact that such payments into the fund may exceed
the maximum of $3,000,000 prescribed above, and in any year in which
stock.
mon
of
view
depreciable property retired and not replaced is now charged to oper¬
ating expenses instead of profit and loss, the Commission made the
following correction in Article 6, the plan regarding payments into a
capital fund:
1944
sales
"Net
factors."
many
Co.—Earnings—
Quarter Ended March 31—
a
1
In
1969
Morfa,
&
Securities, Inc.—New President—
Assistant
to
the Chairman
of
the
board
of
the
Chesa¬
Ohio
Ry., has been elected President and a director, suc¬
ceeding Thomas H. White, resigned, Thomas H. Jones has resigned as
director.—V. 158, p. 1129.
common
shares
into
of
the
previously
share
one
of the
authorized
new
common
stock of the par
stock without par value
value of $10 each.
receive warrants for
fractional shares of $10 par value common stock if the exchange results
in a fractional share.
These warrants may be combined with other
fractions for delivery in exchange for full shares before June 1, 1944.
Holders
old
of
After June
shares)
After
will
1,
shares
may
until June 1,
1944,
1,
1944,
i,
all outstanding warrants
for
fractional shares
bearing the expiration date of June 1, 1944, should be surrendered to
the Guaranty Trust Co. of New York, 140 Broadway, New York, N. Y.,
for
&
Southern
Corp.—Weekly Output
weekly kilowatt hour output of electric energy of subsidiaries of
corporation adjusted to show general business conditions of ter¬
ritory served for the week ended May 4, 1944, amounted to 240,533,287
as
compared with 228,528,154 for the corresponding
increase of 12,005,133 or 5.25%.—V. 159,
p.
week in
1943
an
1860.
1944, no further warrants for fractions (but only full
be issued.
June
Commonwealth
The
this
payment in accordance with the
in the warrant.—V. 159, p. 1551.
terms and conditions as provided
Commonwealth Utilities Corp.—To Sell Arizona Hold¬
ingscorporation,
filed
with
the
a
subsidiary of The United Gas Improvement Co., has
applications covering the following pro¬
Commission
posed transactions:
Nov. 24, 1943, C. U. C. proposes
to buy all of C. U. C.'s holdings
of stock of Arizona Power Corp. consisting of 14,920 shares of common
etock
(no par)
and 200 shares of preferred stock (no par) for the
sums of $999,650 for the common stock and $15,400 for the preferred
stock.
In addition, Tucker is obligated to purchase for $67 per share
any additional share of the common stock of Arizona which C. U. C.
Pursuant
to
other
or
14,920
C. Tucker proposes
deliver to Tucker simultaneously with the
stock now owned by C. U. C.
Tucker
may
persons
shares
date
agreement
,an
sell and James
to
of
common
consolidated Arizona Power Corp. with Arizona Electric
Power Corp. and The Arizona Power Co. (the latter company owning
no
utility assets, but having been recently organized for the purpose
of
continuing as the consolidated
company).
Under the proposed
agreement of consolidation, the outstanding funded debt of Arizona
Power and of Arizona Electric is to be called for redemption.
Holders
to
proposes
stocks of Arizona and of Electric are
of
the preferred and common
exchange such stock for 4%
preferred
Arizona
common
Electric
to
Stock
"
I
.
Arizona
•
solidation:
Total
V
Other
delivery, simultaneously with the common shares, of proxies
holders of not less than 70%. of Arizona's outstanding
income
Net
corporation has applied to the Government for a
in its monthly copper production quota so as to
*
that
stated
shortages
manpower
company' on
system output of elec¬
that
announced
10
May
171,500,000 kwh, for the corresponding
of 6.4%.—V. 159, p. 1860.
$6,930,267
$1,688,864
—
Coal Co., Inc. — Listing
Stock—Acquisition, Etc.—
Consolidation
York
New
Collieries
Union
stock (par $25), upon official notice of
the acquisition of certain properties -of
of common
with
connection
in
issuance
total
the
making
Co.,
185,000
Exchange has authorized" the listing of
Stock
shares
additional
of Additional
for
applied
number
824,818
shares.
the stockholders held April 26, 1944, an
stock from 675,000 shares to 825,000 shares
was
approved.
At a meeting of the board of directors
held April 27, 1944, the formal resolutions necessary for the issue of
the stock pursuant to the contract for the purchase of certain oper¬
ating properties of Union Collieries Co. for 185,000 shares of stock
were adopted, the
contract having prior thereto received the approval
of the board.
'■■ *
The properties proposed to be acquired by the corporation from Union
Collieries Co. for 185,000 shares of common stock include its Renton
Mines Nos. 3 and 6 and its
leasehold interest in the Clinton Block
Mine, with reserves for low sulphur metallurgical coal and the tipples,
cleaning plants, machinery and other fixed and movable plant and
equipment used in the operation of said mines, together with cer¬
tain surface and
houses and other buildings located thereon.
The
properties so to be acquired include also all the outstanding stock of
Piercedale Supply Co,, a small company operating leased stores in the
vicinity of the mines to be acquired,
At the closing there will be ad¬
justments in cash for taxes and for the cost of capital improvements
approved by this corporation and effected on or after March 6, 1944,
as well as for abandonments or sales of capital items.
This corpora¬
tion will also purchase for cash at the closing inventories of mining
stores and supplies then on hand and not appropriated for use, and
special
the
At
meeting of
accounts
certain
only
to
receivable
inventory
and
of
Piercedale Supply
"tFederal
and
of surface and 10,061 acres
acres
&
allowance
with
a
tons.
The
Clinton
Block
Mine,
a
rate
near
advantages.—V. 159, p.
895,304
$8,552,239
$6,570,174
$7,589,598
$4,612,353
The
corporation
according to
through
a
will
shortly extend
its
interests- to
include Mexico,
announcenfent made on April 28 bv Carle C. Conway,
board
and
President.
This will be
accomplished
Mexican corporation, now in process of formation, which
an
of
Chairman
corporation
the
will
soon
commence
the
erection
of
modern
a
can
manu¬
facturing plant in Mexico, D. F.. to be eauipped with the latest auto¬
matic can manufacturing machinery and operated according to the
most advanced production methods as developed by Continental Can
Co., Inc. for its own plants, the announcement stated.
Associated
Cue
Lorenzo
and
with
and
ownership of
bands
of
Continental
Robert
F.
Can
Bobav,
the shares in the
Co..
Inc.
in
the
venture
well known Mexican
corporation
will be
Mexicans, with Continental Can Co., Inc.
the shares, Mr. Conway stated.
will
be
industrialists,
largely
owning
a
in the
minority
"Interest in
"The
new
company
will
manufacture
metal
containers
of
various
Vice-President and Secretaryj
Thomson,
:
End^
Mar. 31.'44
1943
1944
,
•
(& Subs.)—Earnings—
'
$914,563
$3,525,927
711,336
2,884,200
$213,382
$203,227
$641,727
2,585
1,811
9,336
$215,967
$205,038
$651,063
89,120
79,739
$126,847
$125,299
$973,911
revenues
'•
760,529
deductions
revenue
3,001,753
1,404,589
236,727
1,599,240
1,988,751
'230,292
_______________
income
Income deductions of subsidiaries,,
Net
devel. costsSurrendered leaseholds-
326,306
„
charges
fixed
before
income
,
309,360
131,600
——_—
income
Intang.
Minority
contingencies
72,739
80,633
1,696,555
18,036
872,001
1,570,453
158,384
7
Cr226
1,263
56
$3,319,094
*-16,381
•
•___—
—-
$3,206,827
out-
$3,528,551
*"15,614
$3,544;165
Sales
$1,130,245
.185,338
$3,335,475
$3,206,827
—
$1,215,583
•
-
Oct,
this
L——
Consolidated
March 31, 1944
Balance Sheet,
to banks due .within one year, $600,000;
payable, $12,526,407; due to. controlled companies'.on'-current
account, $206,450; accrued liabilities, $96,576;. accrued taxes including
provision for estimated Federal income tax, $5,291,863; long-term debt,
$2,460,016; deferred credits, $170,088; minority interests, $1,170; re¬
serves for insurance,
annuities and contingencies (including provision
Liabilities—Notes
post-war contingencies of $1,500,000), $3,366,723; .capital
(par $5), $23,692,967; capital surplus, $49,102,900; earned'surplus
Dec. 31,
1932, $49,531,760; total, $147,046,919.—V. 159, p. 165,5.
3 Mos. End. Mar. 31—
sales
exclusive
sales,
June
;
,
19,458,504
18,925,486
$694,722 ,$2,781,640
1
for depr.
$690,067
306,145
316,513
120,386
122,675
prov.
from
oper.—_
income
—_
charges
Prov.
for
Fed.
exc.
profits taxes
Net
________
$8 Pfd. Stock—?*
on
the
$8
and the
cumulative
last, by the payment of a dividend of $2
first payment on the $8 stocky
latter-mentioned issue was $64
of March %, 1944.—V. 159, p. 839,
•, ;
Cutler-Hammer, Inc.—Earnings—
profit
share-
Social
secur.
for
Est.
prov.
adjust.
post-war
&
■
v
300,000
150,00?
•
75,73?
1,505,081
*2,196,663=
122,275
159,660
the period——
share
Net profitt for
__.li._L
.
taxes-
$471,931
$0.72
$537,653
$0.61
Wisconsin
income
common
per
124,241
1,901,291
taxes
tEarhings
194,296
56,369
89,901
187,166
99,406
265,259
250,000
taxes__
for Fed. inc. and excess
profits
Estimated
J
and unemploy.
invent.
Res.
313,511
18,536
paid (net)————
for deprec. and amortization
Prov.
$406,674
$0.6jL
•
fin-
tOn 659,998 shares of capital stock.
eludes miscellaneous income of $57,277.—V. 159, p. 839.
*After
*
post-war credit.
.
C. W.
the
on
stock
common
record
May
on
dividend of $2.75 per share has been declared
this company (formerly known as Crockerrto be payable May 16 to holders
of
5.
initial liquidating
dividend of $8 per share was paid on July 23,
'
The
<has
>
Manufacturing Co.)
Wheeler Electric
of
>'
Liquidating Co.—To Pay Liquidating Dividend.
second liquidating
A
Committee
that
ruled
on
the
Security Rulings of the New York Curb
common
stock
C.
of
W.
Liquidating
Exchange
be not
Co.
"ex" said second liquidating dividend of $2.75 per share until
•May "16, 1944; that all deliveries after May 5, 1944, in settlement of
transactions made prior to May 16,
1944, must be accompanied by
due-bills for said dividend; and that such due-bills must be redeemed
quoted
on
May: 17, 1944.
The
•
has, announced .that a further
be anticipated.—V. 158, p. 85.
company
dividend may
$1,324,029?
Dallas Railway &
46,638
Period End, Mar. 31—
small final liquidating
*
Terminal Co.—Earnings—
9,681
11,187
$1,370,667
1944—Month—1943
1944—12 Mos.—1943'
<88,721
48 193
,
138,006 -v391,000:
115,000
-
$552,483
$489,306
$6,192,583
$5,083,085
348,532
298,623
3,893,086
Federal taxes
$230,487
$1,279,978
$267,346
71,693
68,461
475,058
3,106,904
493,115
Other taxes
18,656
17,703
209,617
188,505
approp.
52,355
71,276
827,799
730,635
revenues*.—
$61,247
$33,243
$787,023
$563,926
$61,247
$33,243
$787,023
$464,393
Operating
revenues
Operating expenses
434.800
Prop, retir. res.
$118,159
$800,257
$887,673
$0.78
$0.50
$3.99
$3,88
Net
oper.
99,533
Rent for lease of plant.
Note—During the quarter ended
totaled $17,376.
314,563
expenses—
Interest
' 463,313
$155,806
com.
538,316
—
admin,
&
*
1942
$3,219,316
763,286
operations______ t$3,981,577
from
Selling expenses
General
;
1943
$4,336,246
495,324
1944
3 Months Ended March 31—
Gross
*1,309,598
income
profit
per
1,174,481
474,054: '
$255,533 " $1,133,104
146,874
11,813
' $263,536
16,951
income
Other
!
7%.
share as
per
$3,096,939
4,707,531
depreciation-
and
on
dividend of $2 per share on >
cumulative dividend preferred*
a
:per share oh that issue,
This was the
•since Dec. 2, 1935.
Arrearages on the
■1943.
1944—3 Mos.—-1943
1944—12 Mos.—1943 '
$5,378,368
$5,402,302 $22,240,144 $22,022,425
■'
'•
■,
.
Admin., sell. & gen. exp.
Total
declared
•preferred stock on March 1,
since
(& Subs.)—Earnings—
4;688,301
depreciation
Cither
Lfay 2'
on
value,
par
the
stock
Gross prof, from oper.
Profit
from
year
regular quarterly dividend of $1.75 per
preferred .stock, par $100, both payable
to holders of record May 15.
Dividends were resumed on the $8
no
on
An
for
fiscal
same
accumulations
of
account
'
bef.
company's
the
of
April
Sons, Inc.—To Pay $2
directors
.share
payable
for
Prov.
months
30, 1944, were $6,541,664, as compared to
period the previous fiscal year, an increase)
of $537,179, or 8.95%.—V. 159, p. 1445.
'
' J
•stock,
accounts
of
1944—4 Mos.—1943 ■
$3,566,467 $3,260,164.,
1944—Month—1943
$898,496 V. $837,883
seven
the
for
year
-The
,
inventories,
of
Co.—April Sales Up 7.23%—
'
^
materials and supplies, at or below cost, $1,606,582; other current assets, $259,421; fund.for post-war adjustments
and contingencies, $1,500,000; notes receivable (not current), $405,878;
investments in and advances to controlled companies not consolidated
(net), $2,976,133; other investments and advances (net), $5,690,446;
property accounts (less reserves for depreciation,, depletion, and in¬
tangible development costs of $151,805,789), $86,502,183; unadjusted
debits and sundry assets, $941,197; prepaid insurance, royalties, taxes,
etc.; $1,273,715; total, $147,046,919.
'
'
Cost
$137,947
$125,299
*'
$15,263,976; U. S. Govt, securities at cost, $2,095,000;
notes and accounts receivable (less reserve of $180,000), $10,586,303;
.due from
controlled companies on current; account, $97,100; inven¬
tories of crude oil and refined products (at lower than market), $17,.-
Net
.
" ''
.
to
1943,
Cushman's
share—
Condensed
*
the
for
1;
$6,004,485
.
Assets—Cash,
.848,985;
1008
.
$126,557
____________
2043.
Sales
ownership.
of
surplus
p.
Crown Drug
300,000
4,738,593
4,682,563 " 4,682,565" 4,682,568
y
$0.70
$0.71
$0.76
$0.26
♦Profit on sale .of certain) leaseholds,
tlncludes provision for esti¬
mated State income taxes, also Federal income, ( and in . 1943 and 1942
excess profits)
taxes. Federal and Statfe oil and gasoline excise taxes
are not
included in operating charges and the amounts collected in
respect thereto are not
included in gross, operating, income.
The
amount of such taxes paid or accrued during the period of this report
totaled $4,390,941 in 1944 and $3,941,701 in 1943. .4Increase in equity
in
Kettleman North Dome Association resulting
from readjustment
.
158.
185,802
290
of co.
taxes
Period End. April 30—
__
per
—V.
$324,757
6s__;_
'
——
of cap. stk.
V1.
__________
Fed,: income
for
Balance,
94,092
1,866,027
.
income
Net
Prov.
17,059
interest ——
for post-war
company
charges of company:
on collateral
trust
Interest
1,817,182
—
.—.—
Provision
Shares
244,286
of
Fixed
96,725
Depletion
Depreciation
Interest
%
,
March 31/1943, preferred dividends
.
Consolidated Balance Sheet,
Mexican Affiliate
,
1,671,865
617,635
Earns,
1860.
Continental Can Co., Inc.—Forming
V.
G.
..
income
Gross
$5,229,988
..
cated
retirement;
group
Clifford, Jr., Treasurer.—V. 159, p. 1655.
operating
Other,
418,936
in excess of
.
to be acquired are fully mechanized.
They are lo¬
the Pittsburgh steel region and enjoy very material freight
properties
company's
*
$8,008,534
acquired is estimated by the above mentioned engineers to be sub¬
The
President;
Operating income
368,166
stantially more than the aggregate par value ($4,625,000) of the 185,000 shares of this corporation's common stock to be issued therefor.
The board of directors of the corporation has also adopted a resolution
$4,625,000.
Total
$6,938,340
comprises 146 acres of strip coal'containing 1,043,000
recoverable net tons, and 54 acres of deep coal, containing 353,000 re¬
coverable net tons—all according to the estimate of the above-men¬
tioned independent mining engineers.
These properties produce low
sulphur metallurgical coal.
The value of the Union Collieries Company's operating properties to
finding that the value of such properties is substantially
;y
•
1,540,283
(kr,
is being acquired,
be
,
/
'. •
3 Mos. End. Mar. 31 12 Mos.
1,348,440
—
Continental Steel Corp.
conservative basis of 44,700,leasehold interest in which
elected
-Period—..
•.
$8,683,839
It is estimated by Eavenson,
of coal.
The
Jr.
Crescent Public Service Co.
_'.—'___
Auchmuty, independent mining engineers,' that after making
for coal mined out, etc., there remain 5,621 acres of coal
recoverable tonnage estimated on a
net
000
in-
State
etc
Other income"
Co.—
properties to be acquired form part of the Freeport Seam
and are located in Allegheny and Westmoreland Counties, Pa,
Renton
Mines Nos. 3 and 6, which are to be acquired outright, comprise 1,238
r
Clifford,
Barnard
and G. Barnard
1944
1943
1942
1941
$30,419,027 $26,326,725 $26,573,109 $19,736,049
20,518,348 "■ 18,216,268 17,311,646 14,228,392
Operating • income—.
the
The mining
Alford
expenses_____
tax,
come
';
income
oper.
and
Cost
which is not in excess of market value.
cost,
G.
>
Retirement Plan Ap-»
approved and certificate of incorporation amendment passed. Afei
meeting, following the stockholders meeting, Daniel F. Bull;
was
Quarters End. Mar. 31—
Gross
stock, series A,'
,
'
i"
directors
Operating
extent elected by this corporation.
The corporation
estimates that the aggregate cash payable by it at the closing will .not
exceed $225,000, substantially all of which will be for inventories at
all
and
;
plan
*.
Subs.)—Earnings—
(&
Continental Oil Co.
the authorized common
in
increase
son;
been
has
York
New
of
.■••
. ■ •
VT
new
'
meeting held on May 3, the following directors were
Bull; Henry S. Bowers; Harry C. Piper; G. V. Thom¬
At stockholders
credit, agreement interest on' borrowings' will'be
fee equal to % of 1%. on the unused portion of
bank credit is to be paid.—V. 159, p. 734.
:
t:>:
the
Earnings
Common
proved—
{
,•
City
the
A commitment
standing
1445.
>
completed for a > $3?000,0Q0-LVT revolving
by a group of 18 banks , headed by the Na¬
v
/ ;
corporation
tional Bank of Detroit.
the
Special credits
1944—4 Mos.—1943
$6,742,595
1944—Month—1943
$1,658,991
Period End. Apr. 30—
159,: P.V1758.•<<>y•'
of
of Wheat Corp.—Group
Cream
.
to
/
■.
.
been
have
Negotiations
credit to
Profit
Sales
,.
..
Bank
National
Chase
no
Corp.—Arranges : $30,000,000VT
Motors
Loan-^-
week of last year, an increase
Inc.—April Sales-
Consolidated Retail Stores,
159, p.
bonded indebtedness.—V.
or
Continental
Total
tricity (electricity generated and purchased) for the week ended May 7,
•1944, amounting to 182,600,000 kwh., compared with 173,600,000 kwh.
for the corresponding week of 1943, an increase of 5.2%.
Local dis¬
tribution of electricity amounted to 182,500 000 kwh., compared with
The
The
appointed registrar for the $5.25 cumulative preferred
par value.
For offering, see V. 159, p. 1758.
r
*
'
'
!
'• u "
JlL-Ltr^-6 $83,878 '.* $133,669
shares_L_ ... .. i $0.19
$0.30
refund of $15,000.
...
at March 31, 1944,; amounted
substantial
Inc.—Output—
'
$0.60 '
Cornell-Dubilier Electric Corp.—Registrar—
.
elected: Daniel F.
make avail¬
most serious
the
remain
share—
common
,
approximately
which $420,000 represented ■Cash:;. The "company-has no
of
bank loans
158, p. 2250.
affecting output.—V.
Consolidated Edison Co. of New York,
—V.
19,312
$580,435
assets
current
$3,183,000,
larger
was
per
19^?
$339,057
♦Including $124,230 excess profits tax recoverable from 1942 because
carry-back of unused excess profits tax credit.
No provision re4
qtiired for Federal and State income taxes for 1944 quarter.
,
tAfter depreciation and provision of $166,496 for Federal and State
income taxes.—V. 159, p. 1655.
5,921
—
After post-war
Net
the
premium basis, he added.
'•!*
1943
*'$242,223
$0.42
taxes
of
depreciation-,—,*.—;—XI' 48)328;,.V 47,766
taxes on income,—_tLL •.".v. ? 195,000
399,000
income
Under
amount of output which will receive the premium of
5 cents a pound, John A. Payne, President, stated at the annual meet¬
ing held on May 2.
He said this premium represents the principal,
source of profit for Consolidated because the company's costs of pro¬
duction still are above the copper ceiling price of 12. cents a pound.
Earnings for the first quarter of 1944 are not available as the com¬
pany does not yet know what price it will receive for its copper on a
charges and
after
*
277.561
-
$327,206
Earned per share on 450,000 common
Corp.—Relief Sought—
Consolidated Coppermines
The
$561,123
1
;
for
•
reduction
It
" 2,425,269
Earnings
for Federal
2%%.
factor
2,372,996
242,183
(net)—_—_—
income
and common
I860.
a
—I'/
expenses.,
_
Provision
and
stockholders of Arizona dissenting from
"the proposed consolidation will be entitled to receive cash as provided
by Arizona law.
The application states that arrangements have been
made, subject to certain conditions and limitations*, for the sale^y the
consolidated company of securities not delivered to stockholders, and
that the consolidated company is to receive for such undelivered.com¬
mon
and preferred stock the par value thereof.
A hearing on the above will be held before the SEC May 23.—V. 159,
able
and general
administrative
profit
t$258,284
$0.45
1S44
3 Months Ended March 31—
t
ment.
preferred
25
Copperweld Steel Co.—Earnings—
*
$3,263,953
$321,284
sales, exclusive of depreciation
Total
pre¬
in favor of the adoption of the consolidation agree¬
to vote
ferred stock
The
$2,936,462
—
of
June 5 to holders of
cents paid on Dec. 20, 1943,
payable
157, p. 1808.
Net
Provision
;
to solicit proxies from its preferred and. common
for the adoption or rejection of the agreement of con¬
The obligation of Tucker to purchase is conditioned upon
consents of
p.
—_L
foreign subsidiaries
to
proposes
stockholders
The
returns, allowances, etc.
Sales to customers, less
with
V.
1943
$3,120,059
143,894
1944
$2,831,471
104,992
the common
record May 12.
This compares
and 50 cents on June 14, 1943.—
share has been declared on
dividend of 50 cents per
A
stock,
Subsidiaries)
3 Mos. Ened March 31—
Sales
'•
Co.—50-Cent Distribution—
Copper Range
4
Owned Domestic
Wholly
(Including
asphalt
the closing, he said.
This concern, which is 48 years old/is one of the smaller companies
manufacturing asphalt roofing exclusively,
it employed 50 persons,
and did a gross annual business, Mr. Cooper said, of around $300,000*
forced
roofing
Continental-Diamond Fibre Co.—Earnings—
Profit
$15.1067 bonds; .168 shares com.
—
.
.
tha
announced the closing of
The OPA ceiling price on
company's plant at Elizabeth, N. J.
-.*■
Selling,
$38 bonds; .4274875 shs. com. stk.
by Tucker)
held
,
J.—Closes Plant—
Cooper Sr., President, on May 4
E.
H.
*
manufactured
are
.
Electric common
(all
the present
At
Mexico
—$63 bonds;
by Tucker)
Cooper Co., Elizabeth, N.
required by the food,,preserving industry, in
time, practically all of the food cans used in
by the canners and the new company will
be the first manufacturer to enter the field with sufficient facilities to
assure an adequate supply of metal containers of high quality to meet
the expanding needs of Mexico," Mr. Conway said.
At the present time associate companies are located in Great Britain,
Europe, Africa, India, Australia and South America. -In addition the
corporation has wholly-owned subsidiaries, in Canada and Cuba.—7
V. 159, p. 1758.
•
:■
•'
Mexico.
Monday, May 15, 1944
,
those
including
kinds,
Cost
preferred
held
(all
company
be received:
1 share preferred stock
v
.55 shs. com. stock
share held:
Arizona
consol.
of
Securities
For each
to
mortgage bonds, 5l/a% cumulative pre¬
stock of the consolidated company as follows;
ferred stock and common
the
CHRONICLE
THE COMMERCIAL & FINANCIAL
1970
,
.
March 31, 1944
..
.
,
•
Operating income
—
25,667
Other income
U. S.:, Government
$490,060)'
$787,023
$33,243
$61,247
Gross income
securities, at cost
$1,372,483; /accounts receivable •(less reserve for
240.826
280,278
22,941
17,532
Int. on mtge. bonds
doubtful accounts and discounts of $187,640). $862,195; inventories,
151
2,868
6,973
Other deductions
$4,755,735; other assets. $41,393; fixed assets (less reserve for de¬
preciation of $8,820,609), $7,412,338; intangible assets'(patents), $1;
$43,564
$10,302
$543,329
$202,80?
Net income
deferred charges, $55,572; total, $15,612,770.
'Dividends applicable to preferred stocks——
26,901
26,901
Liabilities—Accounts
payable,
trade. $944,851; accrued liabilities,
To Issue $3,000,000 Bonds—
$488,521; reserve for Federal income taxes (less U. S. Treasury tax
notes held for payment of tax of $230,184), $346,368;
10-year 3%
Application has been filed with the SEC regarding the following
sinking fund debentures, sinking fund retirement due within one year,
transactions:
$200,000; 10-year 3% sinking fund debentures, due May 15, 1949 (less
Dallas-will issue and sell at public sale, pursuant to the competitive
sinking fund retirement due- within one. year shown under . current
bidding provisions of Rule U-50, $3,000,000 first mortgage serial bonds
.liabilities of $200,000), $1,000,000; reserves, $1,044,242; common stock
to mature annually in various amounts from June 1, 1945, to June 1,
(200,648
no
par
shares), $5,279,300; initial and capital surplus,
1959, the bid or bids for such bonds to fix the interest rate and the
$1,621,674; earned surplus, $4,690,870; cost of 87 shares of common
price to be paid to the company (which shall not be less than 100%
stock held in treasury, Dr$3,057; total, $15,612,770.—V. 159, p. 839
Assets—Cash
in
banks
and on hand. $1,113,032;
'
—
[Volume 159
Number 4281
TIJE COMMERCIAL & FINANCIAL CHRONICLE
of
the principal amount). .The proceeds .of the sale of such bonds are
be applied,
together with treasury cash, to redeem all of Dallas'
$3,567,700 first mortgage gold bonds, 6% series, due 1951 at 102%
'plus interest.
,.
,
will
to
in
be
interest
bearer
from
quarterly,
will
of tissue
be
debentures
The
form,
date
and
mature
at
evidenced
will
have
no
hearing
^V. 159
the
on
matter
will
be
held
May
18
the
before
for
100
period End. Mar. 31—
Federal
Other
1944—Month—1943 ■
$738,546
$671,915
„
revenues'.-™
Operating
Operating
287,071
expenses
taxes
86,820
78,034
62,026
____
Depreciation
Prop, retir.'res. approp.
1,313,102
890,551
the
the
_„_™
'740,253
43,947'
oper.
$159,318
on
-Other
30O
_
shall
payments
the
be
five
first
required
date
Mr,
799,358
of
ticipating any
inbefore
and
year,
sum
The
by
C.
made into
issuance
$160,149
mtge. bonds—
int.
7.681
1,716
$1,934,075
$2,385,239
and
-.$197,450'
,«Net income
46,667.
46,667
560,0001
"1,740
'
deducts.
28,298
27,851
$111,742
_™_.;™™
from
surp.
560,000
/! 334,729
$122,485
17,923.
res.
$1,346,224
$129,665
_„™_™
"$122,485
1145.
p.
; '
,
Sunray Oil , Corp.
below.—V.
159,
507,386
by
call
It
for
the
is
■;:> '
533;
authorized
the
will
company
of
retirement
sinking
the
and
also
have
the
privilege
Other
debentures
earned
book
of
surplus'account.
It
value
is
$2,869,000, to
surplus
net
worth
contemplated
be
issued
at
account
the
in
Decca Records, Inc.
Consol.
net
profit
1944
$250,073 '
—
Shs. of cap. stk. outstdg.
Earnings
"After
all
$201,228.
:Federal
t$211.159
,
388,325
;
$0.56
in
Diamond
including
estimated
provision
for
taxes 1 of
charges and Federal income taxes, but before
tax.
JAfter' all charges,, including provision of
and $241,932 in 1943 for all estimated income and
> The
Court,
-two
Department
New York,-
Quarter Ended March 31—
Sales
Cost
and
of
Other
operating
sales
and
etc
for
Iriterest
debentures
on
•Provision
and
for
Federal
'
income
income
3,660,991
"1944
*
income
■Income
f
<Jf
plan
man
Anti-Trust Act.
Co.,
Borst-Forster-Dixfield
120,200
109,800
$450,339
$0.95
$1.13
taxes,
>
This
Dec.
The
1944,
31,
for
quarterly period
income
to
income
tax
the
quarterly
effective
income
shown
are
allocation
returns
of
in
in
Co.,
sinking
fund
being
in
payment
one-half
of
of
$700,753
the
due
year.
before
or
for the
April
Co.,
158,
1943,
the
on
of
adjustment plan, J. H. Nuelle,
of
stockholders
held
consummation
the
of
President, stated
three
mentioned,
3 Months Ended
-'
.,
expenses
income
sales
after
$3,174,914
A.
S.
1944
v"-
172,367
writers,
public
per
Taxes,* other than Fed. and State income taxes
105,637
A
and
and
bonds-
36,444
50,000
income
251,000
with
income
159,
supplied
of
the
Net
Profit
stock
of
and
Detroit
will
receive
share
one
each
of
the
holders
Reliance
of
$5
value
par
common
stock,,
will
stockholders
Corp.' will receive in exchange for each
stock
(par $2) held by them, $3.33 Va in
debentures and 85/100ths of a share of the
common
principal amount of
new
stock
common
Reliance-Steel
of
share-of
present
be
new
The total participation to be received by Reliance
approximately 205,741 shares of the new common
stock
and $806,800 of debentures of the merged company.'
Any stockholder of either corporation whose total holdings
entitles
him
receive
be
will
receive
company
amount
which
debentures
holdings entitle
fractional share of
a
of
the
debentures
$100
for
distributable
be
may
total
whose
includes
which
in
amount in
equivalent cash payment
an
$100
than
of, Reliance
principal
a
to him
distributed
not
less
to
to
him
which
can¬
multiples thereof,
principal amount of
him.
Any stockholder
receive a distribution
to
common
shall, in lieu of any fraction of a
computed on the basis of $10 per
of stock
or
any
stock
of
before
and
excess
per
Development,
debentures
indenture
of
will
issued
be
which'
debentures
will
by the merged
permit of issuance
and
it
is
contemplated
company
of
not
Equitable
under
to
require
be
merger,
be
of
repay
a
Federal
a
trustee.
the balance
available
the
While .there
Net
Trust
Co.
for
company
of the
issuance
for
additional borrowings.
at
authorized but
a
future
expansion
The
or
debentures
date
other
are
unissued
in
the
event
purposes
to
be
deben¬
the
should
unsecured,
1941
$262,799
$318,773
74,278
155,117
200,437
51,653
41,536
54,469
53.421
$99,839
$47,706
$53,212
$64,915
5,003
9,537
3,505
5,484
$104,842
$57,243
$56,717
$70,399
t63,630
+43,140
38,756
60,367
$41,212
$14,103
$17,961
$10,032
$20,606
1,503,891
the
.
for
Federal
and
State
of
taxes
income
stock
in
banks
doubtful
and
hand,
on
receivables
three
for
ended
months
31, 1944
receivables
$230,611;
(less re¬
of
of
$342,200 (including marketing facilities in the net
of $146,116), $167,760; prepaid and deferred charges, $8,696;
$1,866,469.
•
V
,
April
payable,
$72,427; preferred stock
dividend
pay¬
1944, $5,945; due to officers and employees,
$1,079;
accrued liabilities, $62,289; $1.50 cumulative convertible preferred stock
5,
(par $20), $317,060; common stock (par $1), $460,520; paid-in surplus,
$1,654,685; earned surplus «ince Dec. 31. 1939, $133,943 ; treasury com-,
mon
stock (146,328 shares at cost), Dr$841,479;
total, $l,866,469.-r
V.
158. p. 2251.
stock,
was
.
payable
paid
1247a cents
May
:
V
'
V
-
holders
last,
11,
■
of
on
and
record
Aug
May
the
common
A
like
amount
12,
1943.—
5.
and
5
1
on
share has been declared
per
to
19
Feb.
on
159, p.
;
..
Corp.—Common Dividend No. 4—
Nov.
445.
1,341,575
177,882
Eastern Rolling Mill Co.—Earnings—
#
911,869
Quarters Ended Mar. 31—
1944
for
deprec; &
amortization™
1943
1942
$402,762
Profit
126,878
,
' ' '
•
in 1943.
$7,052
Liabilities—Accounts
Crl26,878
160,719.
»
depreciation
1942
1,357,754)
(
_
•
amount
$6,763,269
1,697,193
Crl41,447
•
etc..
provision
and
for
total,
under¬
V.
$356,701
$339,439
$1.20
$1.14
Prov. for Federal
$251,823
$0.85
share______
common
outstanding.—V. 159, p. 1553.
tax>
*
.*
".
$601,203
26,270
$477,975
126,700
51,097
,
.
&
general
State* inc.
Note-LFederal
1944
1943
1942
$1,507,229
$1,862,699
costs
579,661
9,000
(est.)
253,514
taxes
are
451,707
160,944
$98,151
$123,226
$0.58
$190,331
$0.91
$0.47
—
based
on
the
1943
Revenue-Act
without
which will be determined at year-end.
Figures subject to renegotiation of contracts with United States Gov¬
ernment.—V. 159. p. 1446.
747.015
304,319"''-
362,437
*
9,000
Eastern Utilities Associates—45-Cent Dividend—
6,000
27,360
'
20,874
taxes
■consideration of post-war credit,
561,713
260,487
i
prof.
excess
profit for period__
Earnings per common share_
$1,368,568
oper.
and
(incl.
Net
Ltd.—Earnings—
explore written ■ off.
' 27,175
$498,546
$604,837
114,313
106,803
:
A dividend of 45 cents per share has been declared on the no par
common stock,
payable May 15 to holders of record May 5.
A
like amount -was disbursed on Feb. 15, last.
Payments in 1943 were
as,follows; Feb. 15, May 15 and Aug. 16, 40 cents each; and Nov. 15,
$711,640
—V.
159,
$835,957
$0.31
$0.37
$043
share
common
value
115,885
$612,858
profit
Earnings per
$720,072
elected
its
E.
Smith,
Chairman
Canadian,
Dominion
Provinces
of
Rubber
Co.
Ontario
comprised
of
nine factories located
in
to
the
In
Armed Forces.
■.
■
...
peacetime, these plants
manufacture
products
•'•'*. •»;
1944, the system inputs of client operat¬
'
""
'
■
'Thousands of Kilowatt-Hours—
—Increase-
-
Amount Pet.
1944
1943
172,949
166,541
National
100,096
&
Power
The above
-figures'
Light
87,765
Co.
93,999
2,896*
3,9
3,5
6,097
6.5
6,408
'
84,869'
.
_
do not include the system inputs of any companies
not, appearing in both periods.—V. 159, p.
closely
paralleling
United States* Rubber Co.—V. 150, p. 3355.
those mode in factories of
4,
Ebasco
&
Operating Subs, of—
American Power & Light Co.
Electric Power & Light Corp.
<
-
of
Power
-
the
and
Quebec, Canada.
These factories produce
lifesaving jackets and rafts, tank tracks, tires and tubes for planes
and combat vehicles, footwear and
clothing, molded and plastic parts
for tanks and
planes, gas masks, self-sealing fuel cells, .small-arm
ammunition, special chemicals, and a wide range of other articles vital
<
■
Services, Inc., which are subsidiaries of
Light Co., Electric Power & Light Corp., and
National Power & Light Co., as compared with the corresponding week
during 1943, were as follows:
companies
American
,
is
1350.
p.
For the week ended May
ing
President of United States Rubber Co., has been
the board of directors of Dominion Rubber Co.,
succeed F. B. Davis, Jr.
of
subsidiary, to
159,
Ebasco Services Inc.—Weekly Input—
*
Herbert
cents.—V.
.45
1553.
p.
Dominion Rubber Co., Ltd.—New Chairman Elected—
.
186^.
Edison Bros. Stores, Inc.—April Sales—
Dresser
Manufacturing Co.-^To Pay $1 Dividend—
directors
The
;
on
capital stock,
April ,28 declared
payable June 20 to
distribution
similar
June 29
on
was
made
and Dec.
21,
on
a
dividend
holders
June
18*
of
and
of
$1
Dec.
dividends of 75
1942,
.
June
21,
cents
10.
last
A
—V.
1944—Month—1943
$4,476,538
159. p.
1553.
.
1944—4 Mos.—1943
$4,199,066 $13,601,143 $14,118,691
'■■"•■„
_
Electric Auto-Lite Co.
were
Quarters End. Mar. 31—
N.
Mallon,' President,
Vice-Presidents
of
the
on
May
2
"Net
announced
election
of
B.
O'Connor
and
following
a
recent
meeting
of
the
He
Brothers;
is
has
been
elected
Executive
Vice-President.
also
has
been
a
director
Vice-President
Chairman
of
the
and
Board
of
the
General
of
the
company
Sales
Pacific
since
profits
(& Subs.)—Earnings—
have
Aug.
Manager of
Pump Works;
23,
a
share.
all charges
taxes.-
tOn
1943
1942
$1,228,220
$1,123,284
$1.03
1941
$0.94
$1.20
'
$1,584,434
including provision for Federal income and
1,196,743 shares of capital stock.
$1.33
excess
Martin
increased
year
1944
$1,439,890
per
President
Arthur
Lyle C. Harvey have been elected Vice-Presidents,
O'Conhor
"After
.
company
profit
tEarnings
three
of directors.
Weis
Mr.
1938.
Sales'
year,
each
Three New Vice-Presidents—
J.
Period End. Apr, 30—
•
per.share on
record
.
H.
exceed
will^only
1942
$163,519
$13,226),
$123,016;
inventories,
$61,431; investments, $241,711; deterred receivables and other iirivest.ments,. $91,217; property, plant and equipment (net), $942,027; land,
building's and equipment not used in business, at cost less reserves for
in¬
1,879,864
■
92,362
Assets—Cash
bank loan of
April 21, 1944,
1943
"otheir
in-
$243,854
A dividend of
1944
Operating profit
R.
will
1944
serve
Co.—Earnings—
Non-operating income
■under
interests
to
used
included
is
1943
Balance Sheet, March
'f-
price- to
and
V
board
the
be
Depreciation
be issued about
$2,869,000 of debentures in connection with the exchange of securities
will
of
basis
1944
profit
able
;
Outside
the
(the Amended Articles of Incorporation.
tures
The
with, the
recovery
while
Detroit
amendment.
profits taxes
and surtaxes-)
Taxes
merged
share, be paid in cash ah
full share of the common
The new $2 par value common stock to be issued in effectuation of
merger
will be part of an authorized issue of 500,000 shares.
voting for the election of directors is permitted under
$3,500,000
list
fDu Pont sales
etc.
average number of shares in treasury.
Note;—Cash dividend on preferred
March'31, 1944, amounted to $5,945.
$2.58
\
J—___ $15,164,982 $11,498,602
estimated
paid.-
of
by
profit after all taxes________
Total
Cumulative
trust
in
1942
.
the
SExcluding
$970,300
$2.5$.
heads
fixed-fee
a
freight,
of
products manufactured in U. S.
Compensation for constructing and operat¬
31—
deprec.;
tlncludes
*
,
1943
..
on
outward
value
income
Net
.
159,
r
■■
"$963,617
—
Chicago,
will
connection
"On 297,113 shares
the
The
$1.12
the
profit before
oper.
-Prov.
Net
the
stock of the merged company.
;
11,106,366
$1.16
•
1,899,956
'
new*
$10 in principal amount of debentures in
of
share
13,897 026
11,110,090
$1.38
$9,520,468
stores.—V.
amendment.
proceeds
3 Mos. End. Mar. 31—
exchange
held by
.them.
The total participation thus to be received by Detroit stock¬
holders will be 206,250 shares of the new common stock and approxi¬
mately $2,062,500! in principal amount of debentures.
The
stock¬
for
•
$2.46
Est. Federal excess profits tax
___}
Post-war credit of exc. profits tax—
Provision for post-war adjustments.
Merger—
meeting of stockholders will be held on May 25 for the
purpose of voting upon the merger agreement between this corpora,tion and Reliance Steel Corp., dated March 15, 1944, which provides
that, upon its adoption by the requisite vote of the .stockholders, of
the, two corporations, the corporations shall merge into the Detroit
Steel Corp., a Michigan corporation,
wjiich will issue approximately
411,991 shares of $2 par value common stock, and approximately
$2,869,000 of unsecured debentures in exchange for the present out¬
standing stock of Detroit and Reliance.
stockholders
11,120,125
11,109,712
allowances,
Net profit before int.,
depletion, etc.
Int., deprec., depl., etc.,
including taxes __■_,
•
\
Est. Fed. normal inc.
special
common
by
sales__——__i
Dome Mines,
.The
12.410,201
~
"
934.
p.
Detroit Steel Corp.—To Vote on
A
:
*
a
"Earnings
Net
,
—V.
12,839,358
service
&
gen.
deplet.,
May 3, filed with the SEC a registration state¬
15-year 4 % sinking fund' debentures due May 1,
Doehler Die Casting
$299,795
on
;
*
1944
Quarters Ended March 31—
236,000
taxes
15,342,906
Co.—Earnings—
-
$585,79$
$582,829
refunding
State
stock.
6,000,000
expenses.
sales
&
Other
purchase on
entire outstanding capital stock of-Etching Co. of
America,
wholly-owned subsidary.
Of the balance of proceeds, a mini¬
mum of $500,000 will be used to
repay, in part, bank loans and re¬
mainder will be added to
working capital.—V. 159, p. 445,.
2,166
$295,385
Fed.
for
;
—
general
on
Provision
14,310,157
income.—
oper;
of
Oper.
Net
the
of
$583,630
3,258
income
Interest
*
-
shoe
"$945,578
„
Republic Co., Inc.
others to be named
will be
come
$579,571
:
income
I Total
,
income
Cost
on
$1,000,000
portion
now
90.369
operating
,v-
'
$9,459,882
of
*"
$375,000 incurred in
172,511
Net
chain
".
charges
share„_„____
Central
1959.
1943
i
Other
14,739,014
1,899,956
______
1759.
p.
Eason Oil
1944—4 Mos—1943
$3,242,631
Beck
all
corporation
for
ment
728,974
;
17,242,862
1,899,956
—
_1
include
not
Eastern
.$1,575,484
Depreciation
20,310,157
com.
stock
returns,
3 MoS. End. Mar
•
,
159,
"Gross
following companies were
Ohio Match Co., Lion Match
1944—Month—1943
the
of
do
—V.
Dodge Manufacturing Corp.—Registers With SEC—
The
'
862,294
;
14,739,314
income
share
a
such plants is
.operating revenues."
"■
debt
company's
$1,719,869
i
5,023,378
17,242,862
334,378
other
on
rGovernment-owned plants.
"After all charges and
taxes, including Federal excess profits taxes.
tOn 202,666 common shares.-r-V. 159,;p. 1655.
'''
at the annual meeting
revenue
Dr311,000
5,081,992
•
—«_
common
ing
the
r-V'-"
tEarnings
:
Subs.)—Earnings—
March 31—
Operating
Operating
*
-
*•
12 Months Ended March 31—
Net
,
(&
Dr573,000
7,351,518
13,887,075
other
dividends
of
also asked that'Diamond Match
/ Dixie Cup Co.—Earnings—
•
May 9.
Mr. Nuelle said that the May 1, 1944,
sinking fund requirements under the plan had been more than antici¬
pated.—'V, 159, p. 1758.
Corp.
American- companies,
Swedish company and
2360.
p.
1553.
p.
on
Denver Tramway
5,000,000
654,992
5.000,000
666,518
(net)_
contingencies-
earned
tNet
as
its 4% first and refunding mortgage bonds
the public to $28,247,000, compared with
March 15, 1944, and $47,769,000 outstand¬
date
7,500,000
outstand.
taxes
and
for
figures
in
the William Gordon Corp. be re¬
of holdings in any other match company,
Universal Match Corp.,
________—
"Including
the hands of
outstanding
1,
an
of matches
and
i
Nov.
Amount
Match
Period End. Apr. 30—
"Sales
15,
1943,
year
Delaware & Hudson Co.—Reduces Bonded Debt—
ing
15,286,779
income
Federal
gShares of
Federal
/" ;
The Government
the
British
.
$29,300,000
9,657,322
—
other
Balance applicable to
•
indenture, was made in Feb., 1944. Upon completion
the application of this sinking fund payment to the retirement of
debentures, in the manner provided in the indenture, the company
Will have retired, out of earnings since date of reorganization, May
i,
1941, approximately $2,170,025 of the $5,500,000 debentures issued.
This will leave approximately $3,329,975 of the debentures outstand¬
ing.—V. 159, p. -1145.
"
*
- •'
The company has reduced
a
—
9,891,344
income for the period-:
Dividends on preferred stock
Diamond Shoe Corp.—April Sales Lower—
■
the
outstanding in
Six
7,352.733
*
—
Corp.,
Net
income
the
of
,
to
defendants:
Inc.,
rations.-—V.
amount
a
for
on
net. earnings
Act.
company,
11,227,473
24,939,000
Dr815,000
Common
S.
maintenance of
the
11,185,323
9,246.136
30,984,000
taxes—
Motors
stock
for
Provision
Violation
U.
6,335,880
11,757,716
7,727,227
—*
Federal
General
Operating
Corp., Ltd., and Bryant & May, Ltd., both
of London; Swedish Match
Co., Transamer.ican Corp.; New York Match
•Co., Inc.* and the. individuals, 'who are officers of the various corpo¬
1943
revised
addition
named
ac¬
laws.
aggregate
the
submitted
period
tax
the
and distribution
quired to divest themselves
including the foreign corporate defendant.
1943.
and
defined
of
in
$
7,801,348
of
will
Government
69,752
31, 1944, current assets, were $8,968,126 and current
$2,101,467, reflecting a net working capital of $6,compares
with net working capital of $6,743,407 as
were-
866,659.
of
by
March
•liabilities
the
ratio
a
disclosed
As
estimated
are
charging
Anti-Trust
named.
193,746
——■
interpretations
for
taxes
.representing
taxes
taxes
with
Sherman
were
304,798
*
cordance
the
56,055
J„___1
i—;
of
$380,681
inc.
share—,
per
complaint
,
filed
1
May
on
1942
33,865,000
Other income after Fed. taxes__
(
'"■
.seeks...the abrogation of contracts. and agreements
"which, it is alleged, divided the world into non-competitive areas, and
a
perpetual- injunction against the defendants for violating the Sher¬
The
In
Net
Net
civil
a
330,098
depletion
State
'
.
$4,789,428
———
and
Justice
256,201
—
depreciation
1943
4,151,681
charges
Provision
'
'
$5,294,917
__
expenses—!
operating
'
1944
•
revenues,
of
British-companies,;.a1-Canadian
eight individuals
'
Act
Anti-Trust
—
•international, cartel-in the manufacture
1445.,
Deep Rock Oil Corp.-^Earnings—
t,
Co.
$
158,415,230 141,423,577 128.359,050
95,173,943
80,350,796
69,553,065
Income
*
violation
i
Match
1943
7,493,458
sold & other, oper. chgs.
& administrative exp.
after
from.
Prov.
Charged In U. S. Suit Against 10 Match Firms—
all
1944
revenues
376.657
$0.52
Subsidiaries)
"
"common
mately'$1,507,000
profits
profits .taxes.—V, 153, p.
excess
'
1941
.
charges,
t After
excess
.$389,537
388,325
$0.53
$0.64
\
1942
t$204,563
388,325
share——
per
'
"$202,005
1943
gen.
Oper. inc.
be,; charged
against v the. earned -surplus accounts
after which the
remaining balance of the earned surplus accounts will be approxi¬
-as-* of .Feb, '29, *1944,
subject to further adjustment
to the date of rthe consummation of the merger.—V. 159, p. 1290.
!•'
(& Subs.)—Earnings—
Vice-
a
150,921,7721133,622,229 122.023,170
operating
vDivs."
the
debentures
merger
already
•
$
V ■>
*
3 Mos. Ended Mar. 31—
Manu¬
Huntington
$1,566,-
reflected
the
that
under
is
who
iy44
P-rov, for deprec. & obsolescence
for Fed. taxes on oper. inc.
payment
interest.
about
be
to
of
will continue to serve in that
•
Miscellaneous
capital
Brothers,
,Prov.
through oper¬
made
be
may
Clark
Total
calling
of
of
fsales ■;
deben¬
unissued
but
Dresser
Works
Pump
Manufacturing Co.,
1350.
p.
(And Wholly-Owned
fund.
balance
.approximately
President
Dresser
1
contemplated that upon -consummation of the merger the
stock account!* of the merged company will be stated at
capital'
Merger—
on
of
outstanding debentures upon • and interest
the full
principal
amount plus
accrued
paying
of
date
-approximately-.'-i$823,982;
1759.
p.
merged
retirement. all
ation-
.
:
future
any,
The
date
$1,490,510
at
subsidiaries, of
Pacific
the
Quarters Ended Mar. 31—
future sinking fund requirements as herer
into the sinking fund on any interest
not less than $50,000 or any number of
paying
Selling,
for
■
„
$1,556,856
507,386
'
'
Darby Petroleum Corp.—To Vote
See
$1,490,510
210,632
.
Dividends applicable to preferred stock—
—V.. 159,
of
Cost of gds,
issuance
of
(E. I,) du Pont de Nemours & Co.—Earnings—
cancellation,,- and it will thereupon be credited' with a payment
the,sinking-fund to the,extent of.the* principal amount of such
debentures.--^ The sinking fund provisions will not be affected by the
Partial
..Balance-
Clark,
.capacity.—V. 159,
into
tures.
.Transf,
P.
President
of
payment' date a sum of
.multiples thereof.
The merged company will also have the privilege of purchasing the
debentures in 'the open market and turning them into the trustee
;$2,383,523
$1,926,394
v
all
Seyfang,
a Dresser subsidiary.
Harvey is President of the Bryant Heater Co. of Cleveland, also
subsidiary.
a
merged
all of its
or
forth
set
&
President
Mr.
made
like deposit .by. the..end. of #he seventh year
annually thereafter until full retirement of
company will have the privilege of an¬
a
$200,000
debentures.
Bovaird
of
Co.
is
Weis
Park, Calif.,
be
debentures
to be
after
years
of
President
facturing
thereto.
for
Gross income
Inter,
$197,150
831
revenues
Other income
,
No
for retirement
bear
payable
will
and
annum,
attached
trust
sinking fund
a
during
per
6 %
coupons
.
Net
!
fund
the.sixth
of
and
723,883
226,683
—™_'"-
interest.
and
sinking
the
of
years
of
debentures, but the merged company will be required to deposit
with the trustee for the-sinking fund the sum of $150,000 by the end
1^188,221
75,561
_
of
twenty
of the
1944—12 Mos.—1943
$8,641,191 r $8,117,422
3,022,437
3,544,208
281,972
.
138,562
taxes
■the
Co.—Earnings-
terms
establishment
the
at
Dallas Power & Light
-the
Under
SEC.
1655.
p.
in
rate
interest
voting or conversion rights.
indenture, provision will
1
A
,
the
by
■
1971
ago.
Clark
billings
for
and
quarter
level
reported that net sales for the current quarter
10%, totaling: $35,161,549 as compared to $3,858,684
Mr. Martin further stated
that he believed that the net
remainder of the year would hold around the first
provided no change occurs in the military program.
the
to American railroads by this company,"
announced last week.
has,been appointed, Manager of the. newly
created Diesel Locomotive Division," Mr, Morse continued.
The first of the new Fairbanks-Morse locomotives will not be ready
for service until late this year.
Meanwhile, the company will con¬
tinue its intensive study of the economics of the dieselization of those
railroads for which this type of power is most definitely indicated.
Mr. Barriger will conduct this study as a part of his broader duties of
merchandising the new locomotive.—V, 159, p. 1446.
craft,
Chairman Elected—- v
serve
G.
as
"John
fill the vacancy
April 23.—V. 158, p. 2467, •
left by the death of C. O. Miniger on
Co.—New Officials—
•Electric Storage Battery
Norberg has been named Vice-President in charge of manufac¬
and D. N. Smith has been appointed, comptroller.—V. 159,
C. P.
turing,
p. 1350.
■
*.-.".
.
.
.
Gross operating
188,141
on
12 Months Ended February—
Federal
Other
Interest-
Net
profit
182
13
Quarters Ended March 31—
Tons
concentrate
of
stock_„™__
for. common
Balance
111,425
*Net
income
$323,224
__—
$258,499
consider that it has any liability for excess
159, p. 1759.
Note—Company does not
profits taxes.—V.
El Paso Electric Co.
Operating
revenues
i.™
Operation
$287,335
99,414
$314,165
103,596
_'™
11,689
179,639
24,070
24,243
287,164
76,609
56,381
792,758
638,194
—
30,619
30,426
370,498
359,855
13,478
,
income
Other taxes i
$3,482,049
1,233,263
,
adjustments.—V.
65,000
of
as
of
shares
held in
now
Virginia Public
from proceeds
escrow,
159,
1147,
p.
1 declared a dividend
cents per share
of 75
also
$0.95
.
Quarter End. Mar. 31—
taxes on
r
i
;
of $1.25
159, p. 1862.
1944
1943
1942
1941
$3,439,068
$2,382,740
$2,607,769
$2,772,906
—
2,668,079
2,254,650
2,668,485
2,686,433
$770,990
$128,090
*$60,716
$86,473
Operating expenses
year-end
/'y;vy.
,;;yy
,
quarterly dividend
Profit from operations
$1.95
.
regular
$5 preferred stock, payable Aug. 1 to holders of
A like amount was paid on this issue on May 1, this
Operating revenues
.
.
the
declared
the
on
General Outdoor Advertising Co., Inc.—Earnings-
Misc.
"income
Total
/
.
•
profit
Amortiz.
and
(net)—.
-
10,966
229,424
236,802
$99,659
246,852
'»
$151,993
13,186
$49,750
•
$783,929
.
246,920
for
prov.
i
misc.
23,903
12,939.
retirements
Int. .&
Lawson, Inc., another wholly-owned sub¬
1 by W. B.
May
common
year, and in preceding quarters,—V.
$482,322
.$234,361
.
directors
share
per
R. A. Weaver, President, on May 1 announced the management of
the Ferro Drier & Chemical Co., a wholly-owned subsidiary, was, taken
over
782,000
$1,165,000,
May
on
record July 10.
1.526
$612,322
130,000
1,375
$299,361
Corp.—Subsidiaries Merge—
Ferro Enamel
160,976
290,972
"
.
1553.
159, p.
directors
The
35.372
*After depreciation but, before deducting depletion, Federal
and year-end adjustments.; ■ $Before ^depletion* and
taxes__
Maintenance-^——
Depreciation
Federal
$3,752,362
1,296,070
to
paid.
1942
.
income
1944—12 Mos.—1943
involves
claim
a
the outstanding common stock, par $10, payable June 10 to holders
of record May 11.
A similar distribution was made on March 10, last.
In each quarter during 1943, a dividend of 50 cents per share wak
24,131
150,000
tNet income
$362,139
Earnings per share on 246,640 comv
mon shares
,$1.47
_
and
General Motors Corp.—75-Cent Common Dividend—
1943
:
1,223.
$512,129
;—
_™__—___
Provision for Federal income taxes
(Texas) —Earnings—
1944—Month—1943
Period End. Feb.—
1944
25,632
shipping product produced
by lessees • _.^_™;™™__™;™v:™_- '■
'
"
of
on
.
,
a
transfer
The
-
produced
general publicity
and
President's staff.
the Central Station. Divisions since 1941,
Commercial Vice-President.—V, 159, p. 1656.
v
Manager
from the sale of the company's bonds.—V.
of
$36$,924
-$434,649
Til,425
/
$47,286
$259,756
broadcasting,
advertising,
member of the
a
Electric.
and
The
Federal Mining & Smelting Co.-^Earnings-
19,858
,
„
requirements™;^™---.™.--
dividend
Gas
158, p. 2044.
See Schwarze Electric Co. below.
'
-
—J.
.____—
Tons
'Balance
315,150
Service
-V.
company's
as
Erben,
General Gas & Electric Corp.—Deal Approved-^
16,460
taxes___^i-_-i----—30,452
_™i™-__;—.:___™-.™i—_1,666
™™-™_™
\
...y, 4
the
V.
the
Vice-President.
Approval of the sale by the corporation of its entire interest in the
Virginia Public Service Co. to the Engineers Public Service Co. for a
price of not more than $2,500,000 was given April 28 by Federal Judge
Vincent L. Leibell.
General Gas is a subsidiary of the Associated
23,500
303,362
$406,437
$485,075
.
Preferred
114,000
__i
of
a
has been elected
1943
$385,936
1944
$677,118
—•
Depreciation and deferred development—
1943
r
1944
•
income
taxes
H.
Lt^l.—Earnings—
.
profit
elected
direct
and Broadcasting since 1940,
company's General Advertising Committee, has
In his new position, Mr. Peare will
Peare, Manager of Publicity
Chairman
activities
Faraday Electric Corp., Adrian, Mich.- -Merger-
_™_J,™———.19,304.
Expenses;
■'
:f„
;
subsidiary companies—-—_——
from
Revenue
''
and
been
shares
(Del.)—Earnings—
El Paso Electric Co.
Nickel Mines,
Provision for taxes
$179,555
of common stock
(par
$10) ———————$0.86
—V. 159, p. 1553.
'/■//: ;
".y,share
per
Robert S.
3d,
Quarter Ended March 31—
:
Ended March 31, 1944
Earnings for Quarter
after estimated reserves for Federal income
and renegotiation™™-*.---.--.-;.—___—-—-
taxes
Barriger,
FalconbriJge
profit
Earnings
General Electric Co.—New Vice-Presidents—
be offered
soon
W.
•.
Elliott Co.—EarningsNet
will
R, H. Morse, Jr., General Sales Manager,
elected to also
Martin, President of company, has been
chairman of the Board of that company to
Royce
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1972
.
chgs.—
93
>_..™__
Prov. for Fed. inc. taxes
245,000
sidiary.—V. 159, p. 1760.
1,949
Balance
$42,274
Balance
Preferred dividends
—V.
$41,550
21,569
__™_v—
21,803
amortization—
&
Int.
$826,233
$65,182
1,829
$65,792
Net oper. revenues-™
Other income (net loss)
$798,788
10,440
;
$504,815
$55,872 ;
259,922
262,664
$504,815
67,501
$55,872
67,501
$42,274
$41,550
requirements™—™™™.—
_
Net
31,310
*
A mortgage loan for $3,000,000 has been placed on the 12-story
building at 721 Fifth Avenue, which is occupied by Bonwit-Teller, Inc.
The property is owned by the Fifty-sixth and Fifth Corp., Abraham J.
Schuel, Vice-President, who also is Secretary-Treasurer of BonwitTeller.
The loan is for 15 years at 4% interest,and was obtained from
Emerson Radio &
Phonograph Corp.
V
^
Record Ship¬
—
par
1944
1943
__™™_™__..-y.-___„™_™__y *$9,293,378
1941.
159, p. 637.
x
fill
15,
the vacancy
real
estate
trustee,
has
been
V. 159, p.
elected
a
1861.
Operating revenues
Operating expenses
Co.—Offer for Stock—
subsidiary of The Youngstown Sheet
& Tube Do., has offered
to purchase from stockholders of Emsco
Derrick & Equipment Co. their holdings of the latter company's shares
of capital stock at $11.50 per share less Federal and any State tax
applicable to the: transfer of such shares.
The offer will expire on
May 13, 1944.—V. 158, p. 2579.
Co.,
a
Federal taxes
Other
Engineers Public Service Co. (&
Net
Operating
$5,061,070
2,001,273
Maintenance
Federal
Other
Net
Other
income
taxes™
•
taxes
&
amortization
385,003
4,784,063 '•;•.4,425,094
$903,013 $11,663,314 $10,905,847
2,812
137,823
Cr310,203
312,513
3,858,115
3,793,011
$608,792
$588,240
requirements.
to minority interests
$7,943,022
2,144,611
$6,802,631
applic. to Eng. P. S. Co.™^—
from subsidiary companies, included
$5,785,802
Balance
dividend
applicable
2,144,611
/
'
Balance
Earnings
$6,601,006
.-/?
1,078
16,972
$6,617,978
319,262
354,603
4,267,099
$215,773
$283,415
$2,350,879
—V.
$1,754,947
$83,413.
• 46,345
$82,952
operating expenses^.
Railway tax accruals™.
Net rents (Dr)__—
Ry.
51,607
v.
3,291
.
$232,370
145.940
2,883
...
9,526
.
1,565
1,303
•
3,594
Net
Total
441
Bond
tax
dividends
declared
49,999
70,440
196,808
>
Earnings from
other
sources.
193,143
$6,103,049
Expenses,
taxes
and
Fnterest__
Divs. on pfd. stock of Eng.
63,650
Fed.
$92,657
$4,945,254
468,213
-V.
434.399
2,256,084
P. S. Co
war
Balance, surplus
Earnings per .share of common stock™
$1.18
for
profits taxes of $9,215,710 for the 12 months ending
March 31, 1944 (1943, $7,527,330), after deducting post-war credit of
$1,023,968 (1943, $836,360).
,
;
;
>
excess
,
Comparative
Income
Statement
(Parent
Company
12 Months Ended March 31—
Total
^Federal
•
1944
*._:__™__™™_______^^__™.
income
taxes__l.
206,500
18,095
Other ..taxes
-Interest
,
8,582
61
77
$3,461,543
2,256,084
Balance ■_
Preferred
dividends
.™___™„__
after
payable
of
$166,995
$0.63
$0.09
Earnings per share of common stock
*The company
profits taxes.—V.
does not consider that it has any liability for excess
159, p. 1656.
J. J. Hasley and H. JE. Barnes have heen elected directors to suc¬
ceed J. S. Schoff, former President, and H. J. Schwartz, who resigned.
Mr, Hasley is General Manager and
Vice-President of the Palais
Royal, Washington, D. C., department store, and Mr. Barnes is Gen¬
eral Manager of the Kresge Department Store in
Newark, N. J.
Hector Suyker, First Vice-President, has been elected President to
succeed Mr. Schoff, who resigned on Jan. 31 to become Geneiral Man¬
ager of Bloomingdale's in-New York City.
Mr. Suyker said that dollar volume for the first three months of
this year was only slightly below that of last
year, and better than
the department store averages reported by the Federal Reserve Bank
despite
a
decided
were
drop in February compared with
stimulated
by
rationing
this year were ahead of a "year ago,
scares.
a
March
amortization
159,
P.
year ago, when
and April sales
he added.—V, 159, p. 1861,
Fairbanks, Morse & Co.—Builds. Diesel Locomotives—
new line of Diesel-electric
locomotives, employing our Diesels of
the type up to now pre-empted by the Navy for submarines and surface
Wholly
Owned
expense.
tAfter post¬
1943.
l
to
25
year.
In
$0.56
$206,444
7,227
$909,948
2,939
$707,424
1,759
$1,455,670
$213,671
$912,888
$713,787
profits taxesconting
1,077,149
101.374
659,780
286,555
52,692
38,262
90,000
income-
$325,829
$74,035
$163,108
Consol.
$0.59
Prov.
dividend
a
of
the
25
of
record .May
.15..
A
per
on
Dec.
16,
net
..
income™
income
Note—For
and
_
the
6,363
$427,232
ended March 25, 1944, the, net income of
the Canadian .subsidiaries
included, after translation into United
States dollars at official rate * of exchange, amounted to "5%
of the
total net consolidated income.—V. 159, p. 216.
like
rate as paid in each
same
the company
net
exp.I
of
for
Consol.
cents
net
for
excess
Reserve
stockholders
1941
$3,635,396
2,927,972
inc.
227.712
$0.23
addition,
1942
$4,068,738
3,158,790
Other
$9*934,384
218,402
declared
1943
$3,260,197
3,053,753
$1,453,911
$9,760,083 $10,586,235
105,441
April
1944
and exps.™
1943,
quarter
Georgia & Florida Railroad—Earnings—
—9 Days
Period—
Operating revenues
—V. 159, p. 1862.
End. April 30—
1944,
—
1943
$48,875
,
-
■
$48,545
.
•"
,
—Jan. I to April 30—
1944
1943
$769,897
.
$634,855
;
446.
meeting,
.
.
.
.
Georgia Power & Light Co.—Plan of Recapitalization—
,
Co.—Renegotiation Agreement Reached—
The company has reached an agreement with the Government'on
the terms of renegotiation of war business for all fiscal periods up tg
and including May 31, 1943.
The agreement provides that the com¬
subsidiaries shall pay the Government on or before
total of $198,191.
This sum is made up as follows:
year
ended May 31,
1942, gross relinquishment is
$75,000, tax credit $51,712, net amount due the Government $23,288,
For the fiscal year ended May 31, 1943, gross relinquishment is $830,-
pany and its
May 31, 1944,
a
fiscal
credit $655,096, net amount due the Government *$174,904.
disclosed In a letter to stockholders from Benedict
These facts were
Baker, Chairman of the hoard.—V.
159, p. 7.
General Gas & Electric Corp. and two of its direct public utility,
subsidiaries, Florida Power Corp. and Georgia Power & Light Co,, have
filed with the SEC applications covering the following transactions:
1. Gengas, Florida, and Georgia have'jointly filed a "plan'of re¬
capitalization of Georgia Power & Light Co.," in which it is pro¬
posed that:*
(a) Gengas will sell.to Florida, for $75,600 in cash, 4,200 shares of
Georgia's $6 series (no par) cumulative, preferred stock, and Gengas
will donate to Florida $310,600 in cash and all of the common stock
of Georgia, consisting of 21,650 shares of common stock (no par).
(b) Florida will. donate to Georgia-$1,400,000 in cash, the 4,200
shares of Georgia's preferred stock previously acquired from Gengas,
and 600 shares of Georgia's common stock,
(c). Georgia will discharge its publicly-held preferred stock, consist¬
ing of 6,327 shares, by a payment in cash of $150 for each share, this
payment to be in full settlement for all claims of such preferred stock¬
holders, including dividend arrears to June 30, 1944.
The filing indi¬
cates that this proposed settlement is based on the liquidation value
of $ipo per share, plus the discounted value of the arrears in dividends
(which arrears will amount to $62.25 per share at June 30. 1944), the
computation of the discounted value being based on a 6% discount rate
;•
con¬
/
.
.
Gamewell
tax
and
$5,671,459
4,217,549
____™™____
costs
Subsidiaries)
Mar. 25,'44 Mar. 20/43 Mar. 21,42
-
Quarter—
sales
Oper.
Ohio, has been elected a director, succeeding
Charles W. Gillespie, resigned.—V. 159, p. 1656.
'
,
000.
discount
1944 and $319,000 in
Interim quarterly earnings
.
Inc.—Earnings—
New Director—
J.
$447,076
General Time Instruments Corp. (& Subs.) —Earnings
Fred Tod of Youngstown,
the
$765,327
extra of 25 cents.
annual
For
T5 000
$852,414
38.123
at. which election • of directors is being
tested, has been adjourned until May 8.
See V. 159, p, 1656.
The
__™™
$52,112
corporation recently announced the removal of its general
offices on April 30, 1944, to Keystone Hotel Building, Pittsburgh, Pa.
It was previously located
in the Empire Building in Pittsburgh.—
V.
debt
of
995,000
2,585,000
150,000
$270,883
credit of $78,671" in
.169,591
263,000
12,871,000
$3,711
Removal of General Offices—
"A
profit
201,149
1708,040
$19,502
Foundation Co., N. Y.—Meeting Adjourned—
(The) Fair, Chicago—New President, Etc.—
sales
for
*234,207
,:..
profits tax
contingencies.
excess
2,256,084
$1,205,459
—
1
$2,838
"
The
Balance
inc.
surtax
$90,235
(net)___™_^™
June
last
disbursed an
State
5.592
65,410
amount was disbursed on March 1, last,
ouarter
$885,873
$69,121
taxes
directbrs. on
share,
$2,423,079
■
..
'Thk
$4,294,199
$4,547,699
157,7841
202,372
$1,309,405
\
129,333
12,704
Earnings per common share_
159, p. 1760. "
;
$880,281
$32,206
Fort Pitt Bridge Works—25-Cent Distribution—
267,391
158,349
$4,531,299
16,401
29,122
________
$24,636
—V.
1943
$2,857,478
and
March
business
income
$4,288,421
5,777
218,019
3,631
Only)
$3,929,756
243,557
™___L_™
revenues
Expenses
Net
1941
$1,135,286
255,005
$93,866
chgs.
Ending—
of
1942
$4,937,981
305,793
100,889
3,113
'
(Including
Volume
1943
$72,234
Net
12 Weeks
,
856
1861.
$2,254,771
income taxes include provision
tThe amounts shown for Federal
estimated
$3,378,752
$1.77
.___
•;>
$23,062
2,256,084
Food Fair Stores
;
has been
Louis and
302,589
211,554
$1,280,283
opers,
Notes—(1)
"
fixed
159, p.
of
All other, members
Rathmann for many years
21,798
fixed
for
,
after
existing vacancy.
Mr.
1,207
charges
Inc.
an
$4,802,564
facil.
spec,
♦Includes
1,209
from
charges
Fixed
similar
$61.50 per
to
reports published during 1943
contained no provision for
renegotiation of Government contracts,
whereas estimated provision for renegotiation has been made in the
.statement'for 1944.
; "■.■/
// ■
v,' 'r
(2) The provision for contingencies at the rate of $50,000 per month,
which was in effect during the years 1942 and 1943, was discontinued
effective Jan. 1, 1944.—V. 159, p. 550.
^
;
________
avail,
Inc.
amounted
$25,843
.-
deducts,
income
49,999
of
from
and
Prov.
deductions above:
as
1944,
1944
interest
Federal
'
Preferred
1,
303,535
Profit
.
,$241,198
135.277
8.842
4,422
$73,310
£>rl,076
$32,621
Dr907
______™
income
Miscell.
$26,750
income
oper.
ry.
Other. income
"stock ,no
A
12.
$1,801,837
expenses__
income
Net
'■
v-
$4,638,462
Profit
1944-7-3 Mos.—1943
1944—Month—1943
,
May
;
after
Other
revenues-
April
record
quarter since and including Nov.
i
Amortiz.
Fonda, Johnstown & Gloversville RR.—Earningsoperating
of
Depreciation
159, p. 1351.
Period End. Mar. 31—
Ry,
as
3 Mos. End. Mar. 31—
$6,028,968
4,274,021
charges
income
Net
each
Earnings for Quarter Ended March 31
6,991
$638,018
1,197
in
Arrearages
$6,021,977
$535,035
______
made
engaged in the practice of architecture in the City of St.
is a member of the firm of Klipstein & Rathmann.
'
2,100,000
$636,940
holders of
of the Board were re-elected.
Profit
income
451,031
5,385,184
5,290,847
988,255 tl2,255,230 tlO,432,011
317,585
Preferred
Amount
444,465
935,145
$931,406
CrIO.lOl
oper. revenues™
income (net)—
Interest
$4,689,504 $60,709,868 $53,305,996
1.684,197
22,670,938
18,765,016
278,005 ' 3,951,139
3,487,181
404,103
_______i.
Depreciation
2,100,000
to
the board of directors to fill
1944—12 Mos.—1943
344,679
revenues
-„™_™_™™
175,000
$538,838
revenues—
Other income (net)
oper.
Interest
Subs.)—Earnings—
1944—Month—1943
175,000
has been
dividend of $1.50 per share, on account
a
cumulative convertible preferred
22
Walter L. Rathmann of. St. Louis, Mo., has been elected a member
$1,680,874 $20,657,986 $17,535,269
538,747
7,874,993
6,419,606
244,170
3,117,096
2,056,132
86,017
964,891
•
937,554
90,499
taxes
Prop, retir. res. approp.
the $6
May
New Director Elected—
1944—12 Mos.—1943
Month—1943
$2,048,661
728,421
520,903
—
_
Gross
Period End. Mar. 31—
Co.—Earnings—
1944-
Period End. Feb.—
The Continental Supply
Operation
^
trustee
131.
Emsco Derrick & Equipment
Shares
Co;—
Stock—See Georgia Power & Light
Florida Power & Light
*$147,354
*$296,602
.
The corporation's debt policy was outlined by Harrison Hoblitzelle,
President, at the annual meeting held on May 3.
Asked by a stock¬
holder. whether the company* had any plan to pay off the'dividend
arrearages on the preferred stock, Mr. Hoblitzelle said the primary
.obligation on the management was to get rid of its bonded debt,
He
said he believed the policy of the board would be not to pay out
anything on dividend arrears until the debt had been reduced to a
point where the company could* see its way clear to pay off the
maturity in full or refund it on a satisfactory basis,
At Dec. 31, 1943, the corporation had outstanding $9,477,000 first
mortgage bonds,
series A, due July 1, 1949.
.
Florida Power Corp.—Plans. Issuance of 40,000
caused by the death of A. C. Ratshesky on March
1943.—V. 157, p.
1446.
159, p.
of Preferred
Employers Group Associates—New Trustee—
Philip H. Theopold,
to
_
V.
*The largest
for any similar period in the company's history.
Backlog of orders on hand at present totals approximately $35,000,000.
—V.
'share.,
1944—Month—1943
1944—4 Mos.—1943
$508,227
$539,704 $1,616,977 $1,715,741
y:
vC.
.*y
Sales
payable
distribution
(M. H.) Fishman Co., Inc.—April Sales-
-$3,909,885
value,
*$84,809
Casting^ Corp.—To Pay $1.50 Dividend
of .accumulations on
period End. Apr. 30—
Si3t Months Ended April 30—
Shipments
$309,505
1761.
p.
General Steel
15,
ments
-
159,
The directors have declared
the Massachusetts Mutual Life Insurance Co.
159, p. 1759. ;■
profit
*Loss.-~V.
Fifty-Sixth & Fifth Corp.—$3,000,000 Loan Placed—
*
,
Volume
to
app.lied
from
159
estimate
an
available
Florida
2.
Number 4281
that '• the
earnings
has
filed
in
dividend
eight
arrears
nine
to
declaration
a
THE COMMERCIAL & FINANCIAL
bidding, 40,000 shares of preferred stock;
of these
securities
to
are
be
can
eliminated
and
sell,
at
The proceeds
See
competitive
"
3;> Georgia
Gulf States Utilities
Period End. Feb.—
Operating
The
&
Light
the
of
the
Co."
is
Securities
of
related
to
of
made
and
applications
are
transaction
consummation
the
the
Federal
Other
the
of
approval of
(a)
upon:
Commission,
together
plan;
(b)
the
plan
by
Net
Other
by
requirements
of
appropriate
Georgia
the
decree
finding
the
Interna)
acquiesce
V,
159.
in
the
Code; .(c) the entry of an
by the. U, S. District Court for the District of
plan fair and equitable and directing its con¬
1761.
p.
of
the
be
will
proposals
held
;;
1 /
plan.
before
the
SEC
June
,
•
,
.
294,665,
March—
from
1943
1942
1941
$916,130
$658,371
(net)
420,396
254,488
Net
ry.
income.—
332,414
362,820
232,425
!
..
from
railway
Net from railway!
Net ry. oper, income
—V.
159,
2,666,433
1,823,505
$3,003,886
tlncludes
50,444
$3,515,550
101,609
1,222,286
$2,293,264
$1,716,529
584,967
584,967
$196,132
—
dividend
provision
for
estimated
Gross
operating
non-operating
Interest
866,090
1,223,537
686,342
1,059,032
608,005
270,709
Glen Alden Coal Co.—Anti-Trust Suit—
company/ the Hudson
Coal
27
Co.,
other
producing
companies and 26 individual officers of those companies have entered
nolo
contendere
pleas in
Federal
Court
to
Sherman
a
Anti-Trust
Act
indictment
alleging a conspiracy to fix prices between 1939 and 1942.
sentencing was fixed by Federal Judge John C. Knox,
but each corporation faces a maximum fine of
$5,000, while each in¬
dividual faces a similar fine and possible imprisonment for one
year,
and
2,675
—V.
158.
in
81,250
107,750
47,500
Period—
'■
—3 Months Ended—
■
The
a dividend of 30 cents
per share on the
stock, payable July 1 to holders of record June 12.
A similar
distribution
made
was
1943,—V.
1,
Goebel
159,
Jan,
on
1944
July
2,
and
l
all
Gross
share.
1943
1942
$78,210
1,384,000
$0.07
$0.06
'
general
Gross
1941
$59,703
$0.04
and
Total
$0.04
provision
for
Federal
for
1943
1942
1941
$4,707,210
4,230,947
$4,292,694
$4,374,024
3,892,620
3.978.287
(estimated)
Cash
Costs,
etc..
expenses,
4,595,001
Operating profit
Other
$451,703
$476,263
$400,074
Total
9,302
10,629
$485,565
$410,703
Fed. taxes,
Earnings
$411,806
per. share
p.
16.070
$460,767
income
158,
charges
Depreciation
1,913,170
$517^913
543,011
434,409
$1.19
$1.50
2580.
..
;
The
for
City
Bank
750,000
Farmers
shares
of
Trust
95,998
127,333,
69.356
230,326
236,671
237,048
249.255
$102,115
$121,560
$77,657
$2,394,420
434.409
434,409
$6.08
$5.51
■''
2,172,045
$0.20
$0.24
has
been
elected
a
Co.—Net
'
■.
has
Co.
been
\ y.
part
President,
follows:
as
at
85,606,000
150,168,000
the
the
"As
Apr. 30, '43
153,627,000 211,893,000
110,149,000
85,974,000
—
annual
figures
meeting
64,562,000
May
on
11,
clearly show,
our situation
and increasing civilian
the first six months of
of
diminishing war production
Although our war production in
is
falling,
slacking
both
off
in
from us of
than
was
more
and
appointed
Sales, Etc.—
in
war
dollars
and
the
production
in
armed
is
proportion
caused by
to
services
and
is
the
total
our
reduced
manifested
re¬
three
in
"These factors accounting for the decline of war production are to a
degree offset by new orders received for other war material.
"Our production of farm tractors and farm implements and service
parts for them, during the first six months of the current fiscal year
is still
co-registrar
"On
tional
double
July
effective
increases
months
of
production
our
increasing.
next
become
Guaranty Trust Co. of New York has been appointed co-transfer
agent for the common stock.—V. 159, p. 1762.
$93,195
President,
completion of war contracts which are not renewed;
second, by cutbacks in the rate of production on continuing contracts;
third, by outright cancellation of some contracts.
•
The
128,325
the
to
263,776,000 297,867,000
one
quirements
stock.
common
accepted accounting
of interim figures as shown by
business.
6,526,775
$2,639,126
2,172,045
v./-/-.
\
the
Apr. 30, '44 Oct. 31, '43
McCormick,
in
is
production
323,180
8,925,825
$652,782
434,409
shares—
reflects
the present fiscal year was almost twice as great as our war production
in the comparable period a year
ago, nevertheless the volume of war
65,622
(The) Hecht Co., Baltimore—Co-Registrar—
interest and
special
$9,244,376
543,011
cofn.
$774,855
„
production.
$9,178,753
2,061,595
$395,736
9,064
income
stated
3,353,443
"This
___
$444,762
Grand total
*
dividends
Outstdg.
—V;
.....
3,492,216
$2,624,362 $11,632,490
58,410
67,539
57,042
income
profit~for period
Net
1944
$5,046,704
„i
Fed.
75,000
284,000
Harvester
Civilian products
793,941
$2,597,092 $11,480,446
27,270
152,044
58,962
$2,636,550
charges
Co.—Earnings
3 Mos. End. Mar. 31-
852,766
$2,577,588
income
Other
75,000
598,000
products
Fowler
,
taxes
Bales
763,903
War
1,369,800
159, p. 1657.
Granite City Steel
International
$3,449,858 $14,972,662 $12,532,196
787,782
•
131,250
446,000
6 Months Ended—
ad¬
profit—
oper.
Other income
$62,787
1,379,750 /
Prov.
depreciation
and
—12 Months Ended—
Apr. 1, '44 Mar. 27, '43
186,211
$3,365,369
expenses
112,145
State
&
.
183,511
mfg. profit
Co
302,000
Fed.
taxes
International General Electric Co.—New Vice-Pres.—
$12,590,063 $13,010,521 $54,975,082 $48,019,311
9,041,182
9,374,452
39,238,517
34,693,174
depreciation.
66,127
528,154
George S. Eveleth, Assistant
Vice-President.—V. 158, p. 392.
today
$100,243
charges including
Income taxes.—V,
•
revenues-
ministrative
1,384,000
.
per
♦After
Jan.
on
for
Mar. 27, '43
and
goods sold—
Selling,
stock—
common
Earnings
and
Brewing Co.—Earnings—
profit
Shares
last,
l,
oper.
of
Prov.
1554.
p.
3 Mos. End. Mar. 31—
•Net
other
Cost
directors have declared
common
Oct.
Cents—
royalties
50,781
555,423
Subs.)—Earnings—
Apr. 1, '44
sales,
28,031
$613,482
practices of the company on the basis
the books, and is subject to audit. (2) No provision has been made for
possible changes in prices of 'commodities affecting the company's
products on account of orders given by any governmental agency,—
V. 159, p. 511.
on
(&
21,265
$673,921
Notes—(1) Above statement for 1944
April 18 declared a dividend of 50 cents per share
on
the
capital stock, par $5, payable May 25 to holders of record
May 15. This compares with 25 cents per share paid on Feb. 25, last.
Payments in 1943 were as follows: Feb. 25, 25 cents; May
25, 50
cents; Aug. 25, 25 cents; and Nov. 24, 50 cents.—V. 159, p. 447.
Hazel-Atlas Glass Co.
Ore
$1,728,135
inv.
profit
$182,573
$260,430
$Includes amortization of emergency facilities.
$187,538
Hawaiian Pineapple Co., Ltd.—To Pay 50c. Div.—
directors
for
of
1941
1942
$1,723,972
$1,479,193
Net
26,000
$203,547
Dalton
1943
1944
■—
■.
for amort,
income
%
1937.
p.
(& Subs.)—Earnings—
$1,291,904
exps...
funded: debt
on
Prov.
82,740
,
after
Prov.
131,917
84,562
—
surtax
159, p. 889.
Glidden Co.—Interim Dividend of 30
Department,
Depreciation
$535,944
131,893
—
tax_„
Int.
$1,076,965
3,765
Balance available for dividends
Net
,
the
Profit
1943
$1,1.09,535
revenue
(net)
1863.
159, p.
1148.
p.
No date for their
-~V.
plant expense.—V.
3 Mos. End. Mar. 31—
1944
.,!—
profits
The
anthracite
161,500
$162,633
1863.
p.
revenue——
charges
Normal
Excess
310,531
766,016
450,000
$94,715
of the Burglary and
Plate Glass Claim Department
Liability and Compensation Claim Department into a Casualty
under Vice-President Patrick F. Burke, is an¬
nounced by John A. Diemand, President of the Indemnity Insurance Co.
of
North America.
The
change became effective May 1>~V,
159,
1446/
p.
idle
415,000
$103,994
Consolidation
Claims
profits taxes of $2,487,818
deducting estimated post-war credit
Retirement
:
The
$2,944,762
excess
159,
135,000
$49,722
Insurance Co. of North America—Merges Departments
1,228,232
$151,103
requirements,^———u—
—
excess
Dr59,124
,
$252,712
-
&
taxes
profits
Hackensack Water Co. (& Subs.)—Earnings—
1,170,883
*
15,071
income
$3,465,106
100,157
amortization
(1943, $1,348,273), after
$276,426 (1943, $149,807)V.
..
2,540,498
133,851
11,617
60,000
Profit
3 Months Ended March 3l-r-
99,520
oper.
From Jan. 1—
Gross
51,668
9,525
Interlake Iron Corp.
114,679
1
63,296
55,777
36,000
♦2,212,274
1,118,786
1,201,834
$254,718
I)r2,006
'
Dr3,558
1944
Of
$420,701
372,692
.
$373,055
6,923
.*3,467,285
:
NeV earnings'—$548,752
1944
$958,884
'
$668,001
of
21,000
.
$296,289
&
♦Includes
for
•
railway____
railway.——
from
Net
$627,814
of
interest.
32,301
Georgia RR.—Corrected ReportGross
$268,422
1941
for contingencies.
193,809
95.948
$299,847
revenues—
income
Gross
.
16,150
239,057
102,756
oper.
Preferred
1.—
'•>
taxes—
deprec.
&
Prov. for bond
and
Revenue
consummation
the
on
1942
Prov.
663,584
.
Balance
and (d) the obtaining by the trustees of Associated Gas &
Electric Corp., direct parent of Gengas, of an order of the U. S. District
Court for the Southern District of New York authorizing the trustees
Hearing1
1943
depre¬
amort,
defense facilities
1,578,699
,/
for
plants
.
Interest
summation.
to
812,744
1,469,989
16,150
Balance
the SEC that the proposed transactions are
necessary or appropriate to
the
integration or simplification of the holding company system of
which Georgia is a member, all in accordance with the meaning and
46,545
121,666
adjustments
income
Prov.
ac¬
#
the granting
effective which
determination
a
plant,
for
Fed.
77,985
taxes
'
with
become
to
(& Subs.)- -Earnings-
1944
ciation, interest, etc._
1944—12 Mos.—1943
126,482
—...
of
quisition
outlined.
permitting declarations
consummation
Amortiz.
provision
$1,130,652 $15,877,518 $12,754,279
356,565
5,266,748
4,144,746
439,470
Depreciation
of recapitalization of George Power
contingent
Exchange
and
above
"plan
$1,357,359
!_
Maintenance
is
to reduce its outstanding indebtedness by redeeming
$527,500 of its first mortgage bonds, 5% series, due June 1, 1978, and
restate its, capital,
surplus, and other accounts to reflect the con¬
summation
Co.—Earnings-
1944—Month—1943
■
revenues
Operation
-
.
3 Mos. End. Mar. 31—
Prof, from opers. before
ferred stock of Florida
consisting of 5,940 shares of 7%
cumulative
preferred (par $50) (call price $52.50 per share), and 28,762 shares'of
series
A
7%
cumulative preferred
(par $100) (call price $110 per
Share), and to raise part of the cash proposed to be donated to
Georgia.
Industrial Brownhoist Corp.
Republic Steel Corp., below.—V. 158, p. 2191.
from the sale
used to redeem presently outstanding pre¬
be
1973
Gulf States Steel Co.—Bonds Called—
years.
issue
to
CHRONICLE
1,
for
in
*
one
production,
fiscal
present
our
year.
in
the
period
same
last,year,
i
.
.
production
new
quotas
under
Order
L-257
will
These quotas provide for some addi¬
which will be felt during the last four
year.
"The
Net
profit '
Earnings per share„__
Note—No
provision
$0.27
$0.32
for
necessary
profits
excess
Honolulu Rapid Transit Co.;
Period End. Feb.—
Gross
taxes.
from
rev.
Operating
'
Shipments and Profits Off in First Quarter—•
Hayward Niedringhaus, President, states:
"Shipments' for the quarter ended March 31, 1944, were slightly less
than for the first quarter of 1943 and
profit -also showed a decline,
This was due to the fact, that
during part of January and February,
part of the plant had to be shut down to complete the Defense Plant
$456,193..
Corporation
installation
and
connect
facilities, production being reduced
period.
1, '•
with
it
some
35%
the
company's
entire Defense
of
February
large
Plan
Corporation Plant was completed by the
throughout March, which resulted in a
and operated
increased
total
production
Net
in
March
the
over
previous
months;
two
loss
consequently, the March showing more than offset the
during January and February."—V. 159, p. 1039.
At
the annual
meeting of stockholders held on May 9, Hayward
Niedringhause. President, said, in part, as follows:.
» •
'
' :
sustained
451,124
$360,905
"■
:<:
1,463
■
■■—■
■
.
7
■
■■
i—i-
316,236
352,034
$24,496
$44,710
$39,035
$17,951
Federal
Net
after
charges
income
but
V
.
before
1944
taxes,—
profit
129,509
which
has
company
helps
protect
Note—No
recently
it
completed its V-T Loan commitment
against loss in contract cancellations.
/
$304,756
——
to
Defense Plant Corporation
12
that
allowance
part
of
the
respect to
our
facilities,
for which
ground
and
by
was broken
in May, 1942, the entire project was completed
placed in operation in February, 1944.
We have been handicapped
insufficient manpower to operate these facilities at full capacity.
months'
June
30,
'that
period
ended
1942 since
such
income
period.—V.
Federal
company's
"
"With
for
due
income
March
to
taxes
included
31,
subject
1943
to
made
was
in
that
loss carry-over the
a
not
was
income
Federal
the
earned
was
company
going
"Our
the
prior
to
for
week
worker is greater for
per
whole.
have
we
and
our
operated
during
force."—V,
the
in
excess
past
159, p.
of
year
and
100%
a
than for the industry
company
This has placed considerable
strain
on
of capacity
half
with
entire
our
a
for
as
personnel,
a
Illinois Bell Telephone
Period End. Mar. 31—
Operating
revenues
Uncollect,
oper.
as
over
three years,
constantly
diminishing
1039.
Operating revenues— $10,769,055.
Operating expenses—^
7,490,363
Operating taxes
2,086,959
Period End. Apr. 30—
Bales
1944—Month—1943
-
1944—4 Mos.—1943
$13,618,661 $13,823,543 $45,189,428 $45,607,572
—V.
159,
p.
Net-
Net
1,888,963
6.046,269
159,
$1,164,234
858,368
The
V.
LeSueur
has
been
President,
elected
company's amendment to its voluntary plan of liquidation, pro¬
viding for an extension of. the maturity date of its first lien collateral
Smith who has been elected Chairman of
trust
President
gold
bonds
of
May
1,
1944,
to May 1, 1945, has been approved
Commission.
'The Commission
also
the Securities and Exchange
approved the postponement of the date of
by
bonds
from
May
1,
1944,
to
May
1,
1945,
payment of interest
and
at
the
on
Great Western Sugar Co.—To Reduce Dividend—
on
A.
May
Kemp,
President,
at-the
reduction to 40 cents per share in
In
May and pavable in July.
ing 50
annual
10, said he would recommend
cents quarterly and
meeting of stockholders
to the board of directors a
the common dividend to be declared
The company, heretofore, has been pay¬
already has made two such payments this
year.
The company's fiscal year ended Feb. 29.
"The dividend payment for the year at the reduced
two and one-half
vears'ago, it
rate
would
must be recognized that
in the current year."—V. 159,
p.
p.
C.
McClosky,
Albert
In
for
to
Court
There
bonds,
will
for
creditors
the
19.
.
and
sets
-Tune
16
Mr.
Ward
Court
Mav
1,
The
capital
directors
stock,
distribution
follows:
Of
Steel
reorganization
at
for, hearing objections.
the
All
$6,489,500
on
plan June 17 with
of
which
no
common
Match 3.
$1.50.^V, 159,
June
p.
declared
June-1
made
on.
)
year,
nat¬
we
produce a considerably, larger total volume of sales than
forecast
belief
our
Chicago
the
that
our
eventual
1944
earnings
earnings
the
of
probably
company
will
be
beyond
less
than
sales.
filed for renegotiation with the Price Adjustment
schedules which analyze 1943 profits as between
items.
non-war
The Board has not
yet made
a
fin^il determi¬
is. strong.
position of the company
account.
soon
We also expect
it is possible to do
as
position should be regarded
us
to
anticipate
This reflects
to
make
so.
For
substantial
those
additions
reasons
our
that we shall need borrowed
funds
during
to
present
temporary.
It has, however,
conduct all operations without
borrowing and we do
as
per¬
not
the reconversion
6%
general mortgage income
interest has been paid since
stock
to
dividend
holders
March
and
1863.
a
Sept.
2,
of
last.
company is carrying on a sizable program of capital expendi¬
during the current fiscal year.
In general, these expenditures
chargeable entirely to the company and are for facilities of im¬
mediate
flects
($1
par).—V.
158,
p.
1348.
of
$1
record
Mav
1, $1 each;
in
share
12.
A
1943
and Dec. 1,
on
a
the
similar
were
as
year-end
to
production
war
to
the
considerable
in
company
change
from
but
which
post-war
the
situation
will
also
have
production.
existing
a
con¬
This
year
re¬
ago,
nearly all capital expenditures were for war production facilities
owned by the Government and for which the Government
agreed to
reimburse the
company.
%
"Among the major projects undertaken this year are the construction
a
building at Fort Wayne Works for special assembly and service
work and for
new
storage of motor trucks; construction and equipment of a
building at West Pullman .Works to increase our ball-bearing pro¬
ductive
capacity;
track
chains
vice
per
Payments
assistance
usefulness
a
when
of
Co.—To Pay $1 Dividend—
payable
was
the
period.
hearing
a
.
,
,
1952,
have
as
mitted
of
Inland
balance of
1943.
present cash
tinuing
exnlains
ap¬
earn¬
1862.
stockholders,
.
outstanding
are
due
receive
June
the
"The
reorganization and
Scheduled
in
and
cash
are
creditors, claimants and stockholders must file before that date, he'
advises, and suggestions for reorganization must be filed before June
3.
The
for
tures
Appointed—
Ward
notice
a
outlook
the continued low level of receivables from regular customers.
With the increasing resumption of normal business it may be exoected
that some part of our cash resources will be reabsorbed into the re¬
1763.
1932, and 393,309 shares of
ten-year average, and with reduced production and sales volume, higher
manufacturing costs, and the price of sugar fixed at the exact ceiling
ings cannot be maintained
159,
the Board. George L. Stewart,
elected
Vice-
charge of refineries, has been
manufacturing, succeeding L,
of
has been appointed trustee
by the Federal
Indianapolis with authority to reorganize the company.
proximately equal the full net earnings of last year." Mr. Kemp stated.
"The 1944 planted acreage should total about 80% of-the previous
get nearly
in
charge
Indiana Limestone Corp.—Trustee
move
Frank
in
retired.—V.
the
request
company has applied to the U. S. District Court at Philadelphia to
enforce and carry out the terms of the amendments.
Federal Judge
William H. Kirkpatrick set May 10 for a hearing.—V. 159, p. 1445.
held
Manager
Harrison
the
have recently
ceivables
G.
to
now
earnings, despite the indicated increase in
plant
succeeding
recent available figures, is
79.9%, were men and 14,418,
most
or
mainly
the
of
General
in
"The
.
Imperial Oil, Ltd.—New President, Etc.—
R.
priorities.
nation;
2,771,764'
1862.
Great Lakes Utilities Co.—Plan Approved—
output is taken by the Government, the
civilian pool from which distribution is made
women.
cannot
Board
war
$3,568,710
866,987
$3,262,157
2,508,755
1555.
P.
1943
5,257.605
income
—V.
were
expressing
$9,926,717 $31,489,351 $28,827,957
6,873,520
22,180,925
20,001,642
$1,191,733
income—
oper.
"We
"We
___—
(W. T.) Grant Co.—April Sales 1.48% Lower-—
had
we
1944—3 Mos.—1943
$9,941,822 $3L,538,943 $28,873,173
15,105
49,592
45,216
16,367.
a
employment, from the
Of these, 57,717,
be sufficient to
$10,785,422
rev.„_
In
al¬
urally cannot predict with accuracy our eventual total sales for 1944,
because of the uncertainties surrounding war production.
It is our
belief, however, that sales during the remainder of 1944 probably will
that
Co.—Earnings—
1944—Month—1943
.
tractor
into
Government
total
"Turning
advised
was
taxes
freeze
trucks
period for the trucks does include
employees.
20.1%,
or
As
a
matter of fact, the most important problem new
confronting us
Is a serious manpower shortage, the effect of which will
become in¬
creasingly acute as the hot weather approaches.
A large portion of
our
employees are working double shifts.
Average hours worked per
crawler
our
to
72,135
respect
p.-1353.
159,
of
85%
remainder
$220,750
with
figures for
income
the
civilian
as our quota for the first six months of 1945.
substantial orders for military truck production
are
according
.
"The
•
since
the
indicate a full truck program for 1945.
"In regard to our industrial power situation, we are
continuing pro¬
duction at very high levels, as has been the case throughout the war.
We have somewhat expanded our production facilities,
especially' for
the production of service parts for crawler-type tractors.
At present
$350,259
203,171
;
of
ready on our books, which
1943
$507,927
taxes
trucks
share
all in the medium and heavyNot all these trucks will be made within our cur¬
trucks
addition, there
;
12 Months Ended March 31—
civilian
1944,
months of
14,000 civilian
1657..."I
Iluyler's—Earnings—
;
of
proportionate
fiscal year, but the production
this fiscal year.
rent
$391,068
,169,532
!!!!____
production
Our
"For the calendar year 1945 we anticipate a continuation and expan¬
sion of civilian truck production.
We have already been allocated
$360,946
p.
first
1942."
about 20,000 trucks for
ten
$194,028
oper,*.
the
is
early
duty classifications.
1,650
■
of
"
■;
...
$158,372
revenue
Net profit
order
amounts to
$389,419
41-:r
i
___—140,421
Deductions
—V. 159,
$840,543
606,608
$192,565.
.
This
use.
$967,513
1,490
-"
.
——
"from'
revs,
''
.
"The
end
Net
$156,882
'
■
1944—2 Mos.—1943
218,418
r
.
own
during the two months'
-
sorbed
$410,983
299,311
Net rev. from.transp.
Revs,, other than trans.
L
'
1944—Month—1943
transp.-
expenses
'
bulk of our production of motor trucks will continue to be ab¬
by the armed services.
For the calendar year 1944, the Govern¬
ment authorized production of a limited number of trucks for civilian
Ltd.—Earnings—
parts;
tion
of
increased
and
facilities
production
equipment for
rollers
at
on
facilities
and
for
Tractor
the
at
Farmall
Tractor
Works
for
production
production of crawler tractor
Works
'A'
other
and
and
plants
Farmall
'B'
for
ser¬
resump¬
tractors;
and
Indianapolis Works for increased production of the Red
Diamond engines."
The
Oct.
31
balance
sheet
(not Dec. 31
published
as
in
shown)-
the
"Chronicle"
See V. 159,
p.
of
1353.
April
3
is
as
of
Net
and
of
Retail
$2,469,895 : $3,546,823-
*'$2,116,706 *'$2,023,119.
—"V.
and taxes, but subject to any change in income
profits tax rates and to the effect of possible renegotiation
all
excess
"
stockholders
ferred
■
resolution.
the
for
shares
..
159, p. 1863.
impossible.—V.
'
on'May
of
1363.
generating .systems—y.jl57, P-
ga$
>
,
purchased the
Protection Co.,
it has
that
announced
7
assets and goodwill of the United States Fire
•
-i
)
.
Other
income
Total
income
and
Cost
•
.
210,000
deplet.
&
18,573,548.: 16,318,302
525,000
578,665
645,074-"..-'•'655,745
3,018,952 3,722,329.
19,766,213
contingencies
Depreciation
Federal income tax,
542,324
2,480,437-
etc.
Net
$16,737,66912,558,114
*73,300
dividends
dividends
Common
infants'
637,500
v
.
J.
J.
Newberry Co. in Hartford, Conn.
In addition to its retail; stores the company
operates two wholesale
and Joliet, 111., re¬
of.
Storing merchandise and distributing merchandise to the various stores
mentioned above, although, a small amount, of merchandise is sold,
through such departments to stores owned by others than the company,
i
distribution
Surplus _1
Earnings per com. share
in-the net earnings of
Note-^-Included
.
1943
and
$178,313
of
amounts
are
$836,588$15,085
$1.73
$0.77
the first* quarte'r, .of 1944 and
respectively,-representing
These
$214,722,-
of Federal and Canadian excess profits, taxes.;
amounts are equivalent to 21 and 25 cents per share of .common
respectively.—V. 159, p. 1764.
post-war refund
departments
Earnings
Period—
Operating
.
Maintenance'
$6,016,547
3,763,935
2,252,611
1,674,088
$4,846,975
$3,944,962
3,063,517
1,783,457
2,658,037
1,263,230.
602,500
416,643
215,384
161,879
1,427,032
/" 171,269
185,155
State,
State
income
.
excess
and
,
profits
credit)
&
.
Corp.—Press
Telegraph
taxes
1,286,924
88
23.606
will be applied to the following
;
:
.
: 1
" •
5%. sinking fund notes, due
■
.■ «
v
May l, 1952, at 100 (exclusive of accrued interest)______
$243,600
To renewal of equipment and furniture
and fixtures in
retail stores
' 75,000
-Net
Purpose
To
3,436,882.> 2,819,486
—
prof,
exc.
proceeds
purposes:
debt-;.;,.:,
(less
income
profit
2,186,021
1,772,343
84,470
2,194,149:
local and miscellaneous Federal taxes___ :r, 2,113,767 •
income taxes___-_________
—79,592
___
Inc.
Net
4,470,310
.2,625,905
other
less
Exp.
—
Feb. 1.'41
1,'44
$7,096,215
:
sales___r_i___
of
•
Gross> profit'
866,635
•
—
_
retirement
&
984,020
;
Depreciation
Federal
Cost
"1943 *
'
_.__-____^___i_^__--_^'4i:L,',-$21v764)643: $19,742,503
.8,284,912
7,431,849
revenues
Operation
■,
..
;
.
-———Years Ending
Jan. 30, '43 Jan. 31, '42
1,808,020
Sales
Kansas City Power & Light%'Z
Jpo._,..3Ear|iings.
1944
12 Months Ended March 31—
Stated Periods
for
Jan. 31. '43, to
>
Jan.
Corp.—New Vice-Pres.•
City
Y.
N.
wholesale.
at
stock,
-
in
located
These departments are used principally for the purpose
spectively.
$618,369•
$1.23 ,
$982,816$1.66
v.,
-
In addition the
operated by the
household linens, blankets, etc.
wear,
operates one leased department in the store
company
87,500
637,500
V;
43,750
425,000
425,000
-
•'/<
43,750-
Delaware,
in
incorporated
was
consisting chiefly of men's and boys' clothing and furnishings, women's
clothing and furnishings and misses', men's, women's and children's
540,318
2,004,347
$696,335.r $1,561,588
$1,087,119
$1,451,566
43,750
profit
Preferred
Business—Company
History, and
.
May 17, 1922, and is engaged in the business of operating, either
directly or through subsidiaries, of 18 retail department stores located
in
various
cities
in
Illinois, Michigan,
Ohio, Iowa, Missouri and
Georgia.
In
these 18 retail department stores the company sells
merchandise of the character generally sold in small department stores,
shoes,
Hatton- has been elected a Vice-President of this company,
which is an affiliate of International Telephone & Telegraph Corp. and
controls the greater part of I. T. & T.'s manufacturing properties out¬
side the United States.
Mr. Hatton formerly was Manager of the telephone division of the
Federal Telephone & Radio Corp.,
I. T. & T.'s manufacturing sub¬
sidiary in this country.—V. 157, p. 164.
Telephone
.
1943
1944
$24,450,541 $23,849,692-$21,971,376
______
expenses
for
Prov.
•
1942
1941
$24,450,541 $23,752,896»$21,883,773. $16,713,046
96,79787,603
24,621-
Net sales
William
International
City—Notes Offered—Illinois
Securities Co., Joliet, 111., are offering $500,000 5% sink¬
ing fund notes, due March 1, 1954, at 100.
Kline Brothers Co., N. Y.
.
•
International Standard Electric
,
makers
<.
(Excluding European Subsidiaries)
Quarters End. Mar. 31—
Cullen, Chairman of the board, in
dividends, said the company would
J.
v,/
/
...
corporation
business,
.
discussing the outlook for
common
have an opportunity to do
a
large volume of profitable business after the war ended, and that
the board of directors wished to be sure that it was in good financial
condition to take advantage of the conditions.
To that end the com¬
pany must maintain adequate cash and working capital, he said.
He
added that the board had examined carefully the resources and future
needs of the business and felt it would be improvident and unwise to
pay a common dividend
at this- time.
Action would be taken when:
earnings and financial position justify it, he concluded.
.
.
Thomas J. Shannon,
the stockholder whose resolution was voted,
down
charged in the proxy statement that the company had under-,
stated net profit for 1940 to 1943, inclusive,
by making "fictitious,'
improper, unreasonable and excessive charges against income for de¬
preciation and obsolescence," making the payment of common dividends
R.
"
annual meeting held on
their
at
wide margin a resolution
a
-
1555.
p.
The
Wks.—1943 1 1944—16 Wks—1943
$4,122,021
$3,866,091 $16,392,835 $16,607,488
Johns-Manville Corp. (& Subs.)—Earnings—
May 10 defeated
enclosed in the proxy statement under
a
rule of the Securities and Exchange Commission calling for an im¬
mediate re-examination of accounts for several past years by indepen¬
dent engineers or accountants.
The vote was 1,100,017 common and
549,293 preferred shares against and 38,834 common and 14,509 pre¬
by
sales
159,
(Walter) Kidde & Co., Inc. (N. J.)—Acquisition—
V
194^—4
charges
contracts.
The
Inc.—S^les Show Gain—
Period End. Apr. 22—
1941
1942
1943
1944
profit
♦After
Jewel Tea Co.,
Co.—Earnings—Dividend Outlook
International Paper
Quarter End. Mar. 31—
Monday, May 15, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1974
($472,895)
;
redemption
.
„
.
$243,600
of
'
Net
Rates Cut—
reduction
A
cost
the
in
sending
of
"Effective
nine
cents
word
remains
York
the press rate tp Australia has been, reduced to
New York, full rate, and to five cents per"
full rate.
The deferred rate from New
before at 7l/a cents per word."—V. 159, p. 1864.
Francisco,
as
Total
notice
A
the
to
holders
the
of
$3.50
•
stock,
preferred
prior
preferred" stock, class A stock and class B stock of
Utilities Corp., and common stock of Dominion Gas &
and others', said in part:
' '
'" '
'
the
$1.75-
EWT
a.m.,
the
for
Electric
■
(
...
—V.
159,
Total
Profit
charges
.
1943
$348,456
$481,933
151,234
304,985
<
__>i:l,_^_--r.rr:-106;345
.
17,055
$211,165
$287,179
134,000
3,240 /.
$349,540
taxes__„
256,000
.
taxes
employees
&
participation
1354.
20,000
15,000
448.
p.
v
,
1943
Bill
rend,
completed
on
.
$6,219,820
contracts
completed
1942
>
•.
,
>
■
$6,316,859
-
'
1941
:
$4,025,728
\<
$0.33
$0.26
$102,179
$0.46
semi-annual
The
and
in
$28,807
1942.
•
bills rendered
Cost of
Operating
on
any
.
4,407,721.
$1,394,001
Total
Other
income (sale of scrap)
months
/-
-
..
y, Kobacker
"Chronicle" covers
not for the years
Koppers Co.—$2,500,000 Bonds Placed
Privately—The
v.;
12,001
-
•
income
The
$352,908
14,642
excess
State
1944
$34,827
$33,624
from
♦Profit
Net
14,691
$18,934
43,135
31,609
$63,439
$50,543
40,894
sale
of
I
profit
Cash dividends
*On the basis of cost to this company,
.
Net
Note— (1)
.
profit
sale
from
profits of $46,242 in 1944 and $85,549 in 1943 and losses of $3,103 in'
1944 and $53,941 in 1943 (computed on a daily basis).
(2) The com¬
company;
in
1P43
stock-
and
total,
$14,609;
22,500
67,500; v
in
$391,500
Balance
in
Sheet,
March 31,
$320,436;
banks,
interest
$218,388
>
expansion.
—
excess
p.
$398,498;
accrued
expenses.
investments, $3,-
purchased. $19,170; divi¬
dend payab'e April 1, 1944, $40,894; other accounts payable and un¬
claimed dividends, $2,787;
accrued taxes other than Federal income
taxes, $2,292; common stock (par $1), $162,930; capital surplus, $1,-
*
for
$$4,597
$95,529
earnings
Provision
Sales
—V.
taxes.
$$170,577
20,500
___—____
$75,029
$53,000
■
♦After
provision
depreciation
for
tIncludes
sulphur and oil domes,
Note—Cash
of
'
the
ret.
1,128,394
53,461
603,130
$200,000;
phur,
and
cash
excess
$46,078
were
(at
depletion
$Loss.
and
assets
profits tax..
paid
818,000
768,500
125
1,500
1,500
$162,659
$2,347,223
$2,376,711
7,384
145,480
.
revenues
oper.
1,437
(net)~__
income
■
13,607
350,
Gross
income
$195,313
$163,009
$2,360,830
Interest
charges
79,951
89,659
951,950
Net
$115,362
income
preferred stocks
Dividends applicable to
on
the
Current
and
ad
$38,982,
inventory of pipe,
in subsidiaries,
investments
for
advances,
sul¬
materials
inventory
$251,551;
of
accrued
$73,350
—.—
$1,408,880
520,784
of $38,0i5, severance
to
valorem)
amounted
p.
including
$198,045.—V.
158,
Operating
Operating
$2,384,095
993,586
$3,311,663
233,745
152,393
Taxes
132, QOl
147,309
$122,614
Operating income
Non-or)erating
income
481,946
>
1,748
$127,923
The
Securities
and
Exchange Commission approved April 26 the
the Agincourt Land Co., Asbury Park, N. J., into its parent,
the Jersey Central Power and Light Co.
Jersey Central would donate
merger of
$302,975
common
in
account
open
stock
to
indebtedness
Agincourt
in
exchange
the
and
its
for
subsidiary's
assets—124
entire
Interest
Amort,
of
expense,
debt
59,470
237,880
29,414
4,079
2,359
14,516
—V.
land
electric
valued
on
rights of
its
way
books
at
and live
$303,975,
are
of
which
substation
113
sites.—V.
are
159,
p.
8.
as
Net
—V.
income
159,
P.
937.
and
discount
$53,642-
$59,018
$22l;i88
$2,358,987
440,781
consumers'
p.
to
$2,799,768
1,861,450
113,020
17,844
1,902,448
118,700
19,870
2,665
Cr6,516
30,041
5,306
Cr9,129
19,280
$668,998
$743,295
expense____
deposits,
etc.
construction-
;_
deductions
—
«
—
*
1041.
Bryant, Inc.—April Sales Up 22.3%—
30—
1S44—Month—1943
$3,103,265
sales
159,
and
interest——
p.
1944—4 Mos—1943 '
$9,961,362
$2,537,019 $11,148,625
1765.
10.562
,
Lerner Stores
Period End. Apr.
parcels
used
$2,228,485
459,017
(net)
29,635
.
of
bonds
Period End. Apr.
Net
.
'
159,
Lane
237,880
7,076
'di#sc. &
etc.
on
Net 'income
$504,007
59,470
,
debt
charged
12,549
$502,998
7,171
-
interest
of
on
—V.
long-term
on
debt
Other
.
578,400
20,950
tax_____-
debt
funded
Interest
$491,458
8,091
2,231
$124,362
Gross' income
809,849
398,902
965,800
21,200
income
on
income
State
Interest
489,016
$494,907
$125,692
543,137
809,302
429,321
$2,687,502
taxes
income
on
Miscellaneous
for
income tax)
300,829
535,344
retirements——.
income
Amortization
1,883.419
1.97.174
152,505
40,600
prov.
for
Operating
Interest
$3,213,572
1,948,672
38,097
$8,026,439
3,023,176
335,494
«
Federal
for
Gross
516,853
60,423
(incl.
expenses
520.784
$868,551
38,099
-
1943
$8,616,330
3,283,592
revenue
for
Provision
$1,459,683
544,697
Depreciation
Fed.
of Stores—
1944
31—
State, local and misc. Federal taxes______—
City of St. Louis gross receipts license tax____
1944—12 Mos—1943
Maintenance
est.
March
Ended
Maintenance
-
Jersey Central Power & Light Co.—Deal Approved—
<
■
.
that
announces
company
Months
Provision
$897,834
expenses____„
(net.)
2253.
'
Laclede Gas Light Co.—Earnings—
12
Subs.)—Earnings-
1944—3 Mos—1943
revenues
Qoej'ating
Taxes
the
Non-operating income
Kings County Lighting Co. (&
$105,000;
provision for
taxes of $68,848,
.
"
published in last week's "Chron¬
connection with the sales figures
Prov.
$70,924.
expenses,
.
"
1SEQ.
b.
Period End. Mar. 31—
stock
preferred
159.
•
liabilities
of
$554,032;
$132,995;
subsidiaries
(income and
royalties
-V.
of
'
fixed assets, leases and reserves,
banks, $604,164; U. S. war bonds,
in
(sulphur),
prices),
cost),
from
and
receivable
contracted
(at
supplies
of
exclusive
hand
on
accounts
receivable
taxes
of
fixed
1
558.909
68,667
$193,876
investments
Net
3,213.814
1,856,361
259,833
limited-term
of
Amort,
approp.
res.
Operating
position,
follows:
as
dividends
of
$10,012,578 $37,650,750 $36,459,064
the average number of Kroger
stores in operation during the four weeks ended April 22,
1944, was
2,968, compared with 3,082 stores during the 1943 fourth period, a
decrease of 4%.
See V. 159, p. 1864.
$8,047,328
3,497,732
125
.
$690,225
285,814
___
taxes
taxes
Prop.
$245,453
$$170,577
company.
Company's
is
$$4,597
$9,984,794
1555.
159, p.
icle,"
-
Net profit
0.3%—
1944—4 Mos—1943 '
1944—Month—1943
30—
_______________
In
66,667
expenses
Federal
and
Fed.
income
$298,453
/
Kress & Co.—April Sales Off
(S. II.)
Period End. Apr.
and
(par.
159,
$9,123,946
$788,385
56,340
revenues-
Operating
:•
1941
1942
1943
income and excess
stock, all of which is owned by Koppers
Federal
and
charges
1,000,000 shares of common
Co—V. 159, p. 1659,
United
1944—12.MOS—1943
Jefferson Lake Sulphur Co., Inc.—Earnings—
1944
After
1942'
$3,360,404 *$3,895,225
$2.16
$2.69
profit after charges and taxes(Earnings per share—i,--'
Net
Co.—Earnings—
1944—Month—1943
185,563
Operating
Other
3 Mos. End. Mar. 31—
:
$6,138,974
$4.94
profits taxes.
tOn
1943
Kroger Grocery & Baking Co.—Number
Kansas Gas & Electric
total, $3,382,619.—V. 159, p. 1555.
531,142; earned surplus, $1,623,405;
(incl. Subs.)
110.
Other
payable for securities
y
i .'
;.•>
1944
$123,465;
payable,
Period End. Mar. 31-
dividends receivable,
total, $3,382,619.
Liabilities—Accounts
y.,v;!■
;y>>
Earnings for 12 Months Ended March 31
for
1942
$22,500: reserve for Federal and State income
profits taxes, $1,055,000; 6% cumulative preferred stock
$750,000; earned surplus, $797,297; . total, $3,146,760.—V.
$100).'
1944
and
$9,485; accounts receivable for securities sold,'$494;
States
5,000
■
payable,
Liabilities—Accounts
income tax returns as a regulated investment
basis no provision for Federal income tax is con¬
that
on
Assets—Cash
•Net
'
$3,146,760.
necessary.
052,205;
'
its Federal
files
pany
sidered
paid on pfd.
$96,481
dividends
consists of
securities
investment
of
out."
"first in, first
29,000
•"
debt retirement
credit (estimated).
"'- "
...
■
'■»,
Balance Sheet, Dec. 81, 1948
;
>
Assets—Cash in banks and on hand, $344,692; customers' accounts
receivable
(net), $1,724,298; sundry accounts receivable, $16,492; in¬
ventories, $434,495; sundry notes and accounts receivable (net). $9,095;
investments. $56,759; plant and equipment (less, reserve for deprecia¬
tion of $1,101,285), $546,320; prepaid expenses and deferred charges,
44,001
____
4,529
" ■
on
,
$20,304
:
securities...
...
$341,705>;7!i$233,175;
.income
dividends
*'After
14,523
profit
Gross
::
9,154
1
1943
Expense
26,521
86,000
•,
*391,500
*868,329
Ltd.r
-Earnings—
.
>
75 000
...
.
April 11 sold privately to two insurance
companies $3,500,000 first mortgage and collateral trust
3y$% bonds, due March 1, 1961, On March 15 last-com¬
pany sold to four banks $2,000,000 2% serial notes, due
Bemi-annually March 15, 1946, to Sept. 15, 1950. Proceeds
of these sales are to be used for plant improvements and
$364,908
20,746
9,025
181,000
taxes__;
profits taxes
~>__
taxcs___________L__-'
income
$724,949
$1,409,213
.:
income
Net
3 Months Ended March 31—
;
> '■
Stores, Inc.—Correction—
statement published in last week's
the- fiscal years 1944,. 1943,
1942 and >-1941, and
shown—V. 159, p.'1864. * >. ..
,340,483
J;,
$710,307
>
15,212
"
r
income
expenses
Federal
Cash
Income
of $506,147
outstanding shares.'"Thisi compares with net" assets
earlier, equal to $23.64 per share on 21,409
shares then
i" >,■
..
::A The corporation - also announced'.'that the combined assets of the H
ten Keystone Funds^-now total
approximately $78,500,000 compared
""ivlth approxirfiateiy $71,000,000 at the beginning of 1944.—V, 159,,
p. 1287.
/;.> ;>
V
'•
3,332,337
5,211,118
.,
418,098j.f ^ 395j434...
Profit
159. p. 1658.
Investment Company of Amerlca-
•
High Return Bond Fund series "B4'*
1943 to $15,750,642 on March
close of September, 1943.:
the Keystone High Grade Common Stock
made 'public' on May 3, shows total net assets
31, 1944, amounting to $23.50 per share on
"SI," also
$618,520 On March
six
<V.
expenses
Federal
• ■
Note—The 1944, 1943 and 1942 net earnings do not include
profit or loss relating to investment in and advance to Intertype,
British subsidiary.—V.
•
report of
series
26,315
'
Other oper.
provision for depreciation of $32,121 in 1944, $32,006 in 1943,
After
>•"•■
Increased—
$11,962,632 on Sept.'30,
from
company,
•
.
v,"
•
.
Steel Co.—Annual Report-
Kansas City Structural
35,000
$62,165
Earnings per common share_____
'
1,382,119 shares at -the
Fund
860,392
$2,848;92'8; ;$l,75i;038
,,1,536,146.
457,005
,
.,
1944, according to, the semi-annual report of the fund made public
on May 3.
>The March. 31 value was equivalent to $9.99 per share on
the 1,576,352 outstanding shares, compared with $8.66 per share on the
,
r;T$h312,783C $1,294,033
income
:
159,
contracts'
$73,540
contingencies.
earnings
i.
treasury,
31,
*
Net
,
150.000
$346,300
income
-
$270,124
13,943
1,
authorized 2,500 shares of
preferred .stock (par $100), none of which are outstanding.
p.
increased
5,756,538
' 228,103
85,900
258,620
.
905,220
calendar Years—
'
for
159,
shares held In the
of "509%
-
at Jan.
addition,'., company -has
cumulative
—V.
-■■
211,372
$
211,809
$197,222
80,000
as
,
Total net assets of the Keystone
1942
1944
173,368
and in¬
-
.
of
$520,168
(net)______*.
for
> ■
.
Note—In
>>1943.1942
•
$11,801,049 $8,940,591
>
inc.
for
Prov,
-V.
___
Other income
;
...
Service Co.—Earnings—
Public
City
Balance
___>
admin,
gen,
in cash
„
expansion
1914
'
(
Authorized Outstand'g
5% sinking fund notes,, due May 1, 1952 •
$322,500
$243,600
CI. A non-vot. com. stock (par $100) (shares)
4,000
*2.092M»'
Class B common stock (par $100) (shares)___
6,000
3,000
Act
r
Depreciation
expenses..
profits
Reserve
prescribed by the1 Revenue
increases
74,295
outstanding;
3 Mos. End. Mar. 31—
♦'Selling and
Total
rates
at
1659.
p.
including
capital,
post-war
Capitalization
: \
1448.
p.
Provision
For
for
revenue
Net
/I
159,
profits-, taxes
and< excess
income
Operating - costs
Taxes(general) Taxes
(social security)^—
■
Intertype Corp.—Earnings•Gross
computed
is
1944
year
Kansas
$9,841,406
$9,295,712
$3,671,018
working
ventories
.
$2,923,017
$3,019,469
———:
Federal
for
Calendar Years—
1944—3 Mos.—1943
-1943
1944—Month
$3,503,580
1
Keystone Custodian Funds, Inc.—Assets
Stores, Inc.- -April Sales Off—
Interstate Department
Period End. April 30—
Sales
1
Co.
of
purpose
income
Fixed
.
——\ "
■'
earnings—..—.-..-^—s
1943.—V.
Of
International
determining whether the
Court should enforce and carry
out the terms and provisions of a
plan, approved by the Securities and Exchange.. Commission on April
13, 1944 and whether said plan is fair and equitable.—V. 159, p. 1764.
10:30
at
net
Note—Provision
will be held in the U. S. District Court for the Southern
New York, Foley Square, New York, N. Y. on June 7, 1944,
Hearing
District of
,y'
■'
For
•Exclusive
Net
•
Plan—
International Utilities Corp.—Hearing on
:
'i'./;••/
;
.
■
word from
San
'
•,
,
$4,657,118 $4,544,302
Interest on long-term debt—
, ■> 1,425,0001,425,000
Amortization of debt discounts, expense, etc^>.s $" 216,609; ;• >216,609
Amort, of net prem. on outstanding bond issue
Crll4,130
Crll4,130
General interest <(net,)^>i._rf-,w^--i~^—'y':;
8.102
y_ 12,979
Miscellaneous deductions
102,067aI. *80,826
'•
1,
May
per
from
1
•
of Mackay Radio & Telegraph
by Admiral Luke McNamee, President
Co.
The announcement -said:
27
from operations______—______; $4,671,321... $4,581,698
(net.) -(Dr)_i
,r.14,203
37,396
pther .income
full rate press messages to.
Australia from New York'and San Francisco was announced on April
'
earnings
.
-
$225,930
Sales
1944—Mopth—1943
1944—4 Mos—1943
$7,119,884 $18,812,780 $18,428,142
$7,229,098
__
—V.. 159. p.
Corp.—April Sales Up 1.5%—
30—
1556.
Volume 159
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4281
already in force, which provides life,
sickness and accident, and. hos¬
pital and surgical fee benefits for employees, and hospital benefits for
Libby, McNeill & Libby—Registers $7,500,000 Debs.—A registration
statement covering $7,500,000 of serial debentures was
May 4 with the Securities and Exchange Commission.
Offering
filed
,
prices
and
of
,
the
July 1,
1944
sinking fund
year
be
determined
debentures
will
be
for the redemption at
company,
before
will
rates
coupon
public offering of the
the
of
4%
later.
used,
Proceeds
from
outstanding
$8,172,000
1; 1955.
bonds,' due Jan.
their dependents.
tion,"
first
on
it
or
mortgage
in
The
h.t
shares
of
stock—V.
common
159,
adequate
division, has been named
Link-Belt Co.
I?
income
Total
—
income
34,020
Prov.
for
Fed.
&
income
Dominion
and
"
head
>
-j.
.-■■
$493,523
$616,376
which
710,282
706,859
would
$0.62
$0.80
""Accounts
and
notes
Securities
Accrued
,183,869
8,815,619
,966,177
5,271,315
,893,982
4,764
1,340
—
owned,
at
interest
Property,
5:
763.899
receivable———'
Inventories
''
cost—
receivable
plant
and
securities
on
equipment,
at
9,150,195
2,545,656
payable
stock
Common
divs.
$3,342,821
payable April
stock
dividend
payable
Prov. for taxes (other
than
Prov.
excess
Fed.
inc.
&
Fed.
taxes
prof,
6V8-%
cumulative
tCommon
:
t-teamed
101,150
355,141
inc.)
on
stock
pfd.
(par
353,430
•923,163
7,080.024
1,070 301
(no
part____
r-
3,112,800
10,690,745
._
£>rl76,619
overwork
lack
and
the
of
graveyard
Shields
filed
;i
""After
deducting
;'P.
in
of
be
would
42%
8%
off
of.
than
more
are
the
the
from. the
As
'em
highways
nation's
in
15
time
goes
in*
,
Up—
least
t-i
\
The
directors
per share 011 the common
of
record
declared
April 28
on
times,
stations,
10
years
of
the
but
and
departments
on
income
stock, par
10.
May
Previously,
dividends of 15 cents per share.
of
the
Was also paid, on
.
of
extra
an
Net
?
with
present
depletion
of
truck
Government
31—
~
1944
pleas.—V.
;
15
Nov. 30,
159,
paid
company
regular
on
Feb.
15 cents
27,
taxes
Net
sales
-Net
$5,249,329
profit
f. Interest
•
_:
charges
1,672,502
228~885
227,015
451,932
?!
against war contingencies
Est. excess profits taxes
r
Est. normal & surtaxes
Lj
Net
Earns,
per
estimated
been
$0.20
$0V.13
The
excess
$27,568
stated
that
far
so
Gross
GO.16
*
this
year
has
it
old
each
91
and
the
anticipates
action
similar
to
as
1943
$18,814
$18,643
14,767
8,841
6,909
•
•
'
•
''--1-
'
-.
,
/
f'.'-
The
directors
per share on
of
record
W.
..
May
W.
April
on
declared
29
initial
an
the outstanding common
V '
Eberstadt
of
50
dealers
$7,473
'
,
share held.
Operating
&
Thomas
iand
Trust
'
'
'
Co.,
35
cents
J.. Shanahan,
have
"
v'-
expenses
1944—3 Mos.—1943
$4,345,085
'
President
1
tb
elected
been
'
240,000
on
the
(other
shs.
ended March
186,599
932,415
514,428
2,070,195
158,
of
979,251
761,538
3,161,733
$880,049
$777,045
$3,461,073
Dr746
18,244
Dr4,189
$776,299$3,479,317
$3,932,130
?
,
Amortiz.
<
prem.
.
V
income
;•/
I'l'
& exp.
338,784
disc.,
& misc.
of
1,356,488
22,450V
40,021
bonds
;
income
7,364
$528,858
res.
of
net
for
ings
54,047
28,810
$403,543
$2,053,998
inc.—
230,625
'200,000
V
945,625
&
/^.'Balance
—V.
surplus
159,.; p.
$203,543 •/ $1,108,373
$298,233 ;!
:
16,943
$2,315,645
admin,
$4,716,653
2,967,972
for
per
of
$161,000
due
Jan.
1,
of
its
I960,
for
outstanding
at
104 and
redemption
unified
interest.
,
63,155
taxes)
42,930
55,186
39,540
t303,552
+265,335
William
board
for
*
of
Juno
t
J.
Robbins, Inc.
$1,385,229
$764,055
13,422
12,099
$1,080,722
$1,398,651
38,393
income
2,250
$1,019,400
taxes
the
16.
approval.
the
same time
stockholders
at
Jr.,
had
which
President,
approved
a
on
760,900
corporation and
the
of
the
directors
the
certain
called
corporation
retirement
income
a
to
3,
announced
retirement
of
its
plan
held
will
It it is approved, it will supplement an
the
plan
meeting
in
be
of
Baltimore
—V.
submitted
for
insurance program
1944
1943
$2,094,414
16,016
$2,110,430
stock tax, Canadian
of
Federal
1,065,500
""105,611
68,511
Crl.91,122
Crl06,55O
$747,229
$625,214
$0.55
profits taxes
excess
457,755
1,911,220
taxes
$0.46
,,
share—_________.—
and
Chief
Chapman,
Joseph
the
appointment
Executive
with
Officer,
headquarters, in
trustees
effective
of
jurisdiction
Minn.
Mr.
Minneapolis,
—
Chief
,
this
1
May
road,
of
Horace
the/ engineering
and
operating
over
all
C„
depart¬
has
Grout
on
been
departments
of the
Railway, his latest position with that company being
Manager, Western Lines.—V. 159, p. 1865.
&
Ontario
Paper Co.
Quarters Ended March 31—
Net
Subsidiaries)
Gross profit
1943
1942
$5,730,316
4,772,405
sales
•"Cost of sales
X
(Minn.)—Earnings—
Canadian
1944
$5,690,064
$6,171,824
4,498,201
4,287,686
$1,191,863
$1,884,138
•
sales
on
$957,911
Selling, admin, and gen. expenses— ! 1
■
477,066
438,154
Net profit on
»
497,583
$480,845
Other
3,698
$753,710
$1,386,555
net___----___-u-__^V
18,214
9,234
17,808
income____'___—™;—___ ;
$499,059
$762,944
,$1,404,362
income,
Total
share:
$377,001
$0.72
profits
tlncludes
tax.
Interest
$154,455
$1.51
depreciation
Prov.
$0.62
of
operations
$4,950
in
Balance Sheet, March 31, 1944
w
on
and
108,467
120/393
204,600
899,400
$323,108
$384,569
8,226
20,314
27,211
$237,824
$343,422
$411,780
94,936
mortgage bonds
profits taxes
=
163,600
exc.
—
inc. mtge. bonds purchased.
Consolidated net income
..
126,768
10,925
stabil.__
$229,598
income
inc.
•V Balance
Gain
price
newsprint
on
for
war
accounts
bonds,
(bank),
$1,250,000; -accounts
payable
(other), $20,581; employees' sav¬
payable
$38,166;
debentures
redeemable within
•■'Includes
depletion charged to production
Depreciation
•
&
Pole
Ontario
of
&
Treating
Paper Co.
a
$3l9,r/54
—V
$330,621
70%-owned subsidiary of Minne¬
72%. in 1943, showed a net in¬
and $21,087 i^ 1942.—.
Minnesota Power & Light
159,
.V.-;.-'
;
..
Co.—Earnings—
1944—Month—1943
Period End. Mar. 31—
109,948
$429,700
1944 and
$11,627 in 1944; $12,626 in 1943;
1865.
p.
Co.,
in
1942
$330,621.
$396,914
National
come
1943'
'
60,811
,•
—
Total
sota
1944
$336,103
Depletion
(includ¬
and to expenses as follows:
'''■W
year;
one
accrued
depreciation and
ing additions to inventory)
159, p.
of
excess
profits taxes), $592,999; total,
1944—12 Mos.—1943
739.,
'
"
'
*
Shoe
$730,069
$9,214,596
$9,519,329
190,205
209,841
2,284,858
2,759,513
99,127
96,615
1,797,217
1,663,020
57,453
65,976
920,623
933,967
retir. res. approp.
Amort,
of limited-term;
62,500
62,500
75 0,000
750,000
—_——
578
574
6,897
6,868
revenues-
$267,693
$294,563
$3,455,001
$3,405,961
Federal
Corp.—April Sales Declined 8%—
1944—Month—1943
$677,556
Operating revenues
Operating expenses
-
.
1944—4 Mos.—1943
$4,096,774
investments
$4,455,538 $11,216,646 $12,544,078
'
.
_—;
taxes
Prop,
.
159, p., 1557.
—_
..
Net
oper.
Other, income
970
—
—
,541
7,595
7,253
$295,104
$3,462,596
$3,413,214
•
Middlesex & Boston Street Ry.—Earnings
•
Revenue
fare
fare
31—
1943
1944
f
'■< $33,639
4,958,706
passenger's—™
'!
Gross
Interest,
Net
9.59c
in
and- Federal
1943.—V.
157,
p.
income
taxes
of
$177,732
in
1944
—V.
2253.
rights of holders of the'first mortgage 4■%% convertible sinking
fund1 bonds due March 1.'1947 (which have been called for redemption
of
June
income
21,
1944)
to
convert
the
same
into
136,594
134,617
1,557,579
$132,069
$160,487
$1,905,017
$1,789,78
common
applicable
159, p. 1693.
986,994
989,86
.
X
—
to
.
preferred
•
•
,
1,712,657
stocks
\
Missouri Gas & Electric Service Co.—To
Mengel Co.—Conversion of 4%% Bonds—
All
as
charges—
5,145,147
9.46c
___T_J—
charges
$156,113
$268,663
income
Dividends
""After .all
•and
the
on
also
Pacific
subsidiaries.
special
be
that
income
distri¬
was
618,000
•
_
May
proposed
•
—
with
100,000
$181,428
$309,192;
Average
j
and
$776,154
renegotiation-
'-3-Months-Ended March
Employees Retirement
—
:
Murray,
directors
employees of
At;
common
,
&
cents
$3,019,470
(Including United States and
+237,156
$1,056,775
$35,877
McKesson
Plan Proposed—
,
50
Other taxes
as
•company's office, 71 Broadway, New York, N. Y,—V. 159, p. 1865.
of
1,874,965
19.064
123,946
sales :
of July 1, 1944 a total
mortgage 4% bonds, series B,
Pavment will be made at the
of
469,000
profits
announced
ments
$2,934,781
f
55,970
operations
excess
Melville
has, called
extra
1942
$1,227,645
1865.
company
An
22,467'
and capital
Minnesota
expenses
(arising from postrwar refund
1,088,000
Louisville & Nashville RR.—Bonds Called—
—The
.
made.
$3,041,938
Webster
30
General
2,932,090
Period End. Apr. 30—
I
10, last, and in preceding quarters,
were
credits-™
connected
$4,411,543
_____
$10,221,684.—V.
i
March
each
operations-
refund
Grout
$0.57
1173.
liabilities, $247,708; provision for Federal income;
excess
profits and capital stock taxes (less U. S. Treasury notes of
$4,127,340),; $621,785; • funded debt, $2,850,000; reserves, $2,147,2171
common
stock ($1 par), $249,932; paid-in surplus, $349,272; earned
surplus (available for general purposes). $1,444,832; earned surplus
>
Misc.
from
excess
W.
April
returns
Liabilities—Notes "payable
$100,000;
J 8,738
On
Minneapolis, St. Paul & Sault Ste. Marie Ry.
Executive Officer Appointed—
135,000
83,000
$0.35-
p.
at
(trade),
1,545,495
'
of
1943, on the old shares.-
income-^——
G.
post-war
.
deductions
Net
342,942
9,204
debt
of
$885,584
:
debt
on long-term
Other interest
<
.
Gross
Int.
I
—
(net)
a
the
on hand
and on deposit, $3,658,227; special deposit for
readjustments, $897,217; U. S. Government and Canadian
cost, $101,525; /accounts receivable, customers (less reserve
for doubtful accounts of $15,500), $1,156,461; other accounts receiv,able* $11,792; inventories- $2,220,700; post-war refund of excess profits
tax
(estimated), $592,999; cash surrender value of life insurance,
$9,025; fixed assets (net), $1,548,049; patents and patent applications,
$1; deferred charges, $25,687; total, $10,221,684. V
W'V1
$3,936,319
5.535
income
share
per
holders
to
issued in exchange for the
basis of two new shares foii
Assets—Cash
2,146,539
Operating
cents
10
providing for estimated refunds to the U. S. Government.
tOn 1,243,800 common shares presently outstanding.—V. 159, p.' 1693.
$2,770,000
1943
amortization^.---
V ;•"•'
X• ■;!.
1,839,722
Taxes
on
25
State taxes
Net
1943
1944
;
from
income
Earnings
744,111
517,464
of
June
income—
Post-war
Co.—Earnings—
income
Net
$3,794,548 $16,059,139 $14,466,847
1,554,938
6,433,723
5,800,156
244.199
dividend
payable
recently
value
par
a
$3,
Miscellaneous
''
outstanding
26.—V.
sold—
general
profit
•
1944—12 Mos.—1943
1,724,122
Other income
and
>
.
board
*
$3,050,000
less: discounts,
goods
""Including
__J
no
tEarned per common
1943, and $2,092 in 194.?. and taxes of $16,771 in 1944,
$18,960 in 1943, and $16,557 in 1942.
tAfter post-war credit of $97,700*
______
of
cents
10,
income
Canadian
cents
Depreciation
{.
50
profit
Federal
share.—
a
*"1944
""Provision for Federal
7
revenues
Operating
Maintenance
of
Gross
;
income deductions
V
Garth, Jr., is President and Treasurer of the corporation.
Period Ended Mar. 31—
was
$11,735
'
GrOSs" income
Long Island Lighting Co.—Earnings—
i
par
stock
,
1944, $3,936 in
"•
declared
3
stock,
This
'
stock, payable May 5 to holders
/
4.
May
"
Bank
''
allowances
Provision
dividend
$0.69.
(Including domestic and Canadian subsidiaries)
—
NASD
than, income
Other
Lithomat Corp.—Pays 50-Cent Dividend—
X-.-!
$379,797
New Common Stock—
on
stock
on Dec.
♦Net
2,500
profits.
/•'
■•.
1,800,000
$0.65
'
4,500
Co.
to
and
Net
Figures for 1943 have recently been presented to the Price Adjustment
Board.—V. 159. p. 1041.
55,937
72,277
83,125
93,121
437
Maxson Corp .—New Directors—Earning—
sales,
Selling,
thought necessary to increase the provision against war confinwhich now stands at $800,000.
As to renegotiation, the comhas been granted a clearance without refund on 1942 operations,
management
83,125
a__
234,915 com. shares
on
on
25.
common
paid
$8,875
Depreciation
gencies,
'■
L.)
Cost .'of
not I
$2,391,137
income taxes and for gen¬
common
May
leases
Casualty
per-share
and
pany
f
new
record
9,361
taxes
Taxes
President,
share
directors
the
on
$18,207
—.
Master Electric
any
$2,484,258
Minneapolis-Honeywell Regulator Co.- -25-Cent Divi-
8,592
3 Mos. End. Mar. 31—
,u
$184,452
$1,766,758
118,676
1692.
p.
Canadian
178,572
489,915
1943
$370,910
per
159,
,
1944
profit
Earnings
86,290
$522,015 '
$0.62
Sub^.)—Earnings—
(&
deducting cost of
Of depreciation____
sharing
Net
—V.
issued and
are
1,076,000
after
contingencies
$18,723
!
""Fiscal period
./
adjustment for excess profits taxes,
tlncludes
profits tax provision for the first quarter, amounting
to $143,681.
; P.
F. Lavedan,
I
125,789
$125,603
share-
com.
-"Does not include
.
168,820
$186,010
profit
1208*639
62,615
which
69,954
profit
eral
1942
profit after taxes but before renegotiation-
Earns,
lso.noo
*'64,958
for
Provision for Federal
$28,142
income
1765.
Ferdinand
Net
445,283
Prov.
the listing of $38,000,-
1449.
48,094
profit
dend Declared
$27,315
First quarter of—
Net sales
1_J__
21,656
of
••"After
directors.
$7 725.713
1 .066,254
10,828
Depreciation
■r
551,850
159, .p.
deductions
Reserve
1,358
holes,
Concession
Federation
$4,227,592 $10,291,116
648,672
—
,.
return
■
Gross profit
10,332
;
income
(W1.
1944-.12 Mos.- -1943
tax
:
$1,648,083
Manufacturing
$26,784
.
dry
Federal
V. 159, p.
1943,
449.
1944—3 Mos.—1943
Federal
consolidated
in
3 Months Ended March 31—
159, p. 937.
share.
Liquid Carbonic Corp. (& Subs.)—Earnings—
Period End. Mar. 31—
inclusion
Midland Steel Products Co.
7
Secondary Distribution—
Blyth & Co., Inc., on May 4 offered as a secondary dis¬
tribution 29,654 shares of common stock at $81/4 per
quarterly
extra of
an
cents extra and
35
p.
to
1969,
Federal income
On Feb. 29,. last,
1943,
cents.—V.
due
holding company.-
The New York Stock Exchange has authorized
first mortgage bonds 3 Vs'/o series due
159,
'
1943
$37,116
——————
Maryland
j
;
120,000
$2,408,103
Earnings for Quarter Ended March 31—
for
—V.
$10, payable May 31 to holders
the
120,000
stock_______
Listing of $38,000,000 First Mortgage Bonds—
Other
and
$2,528,103
Depreciation
old,
these
"
:
Prov.-
159,
1,952,976
1,469,855
$2,349,855
outstanding.—V.
dealers,. Mr.
it is becoming increasingly harder to
accordance
,__
deprec.,
quarterly dividend of 20 cents
a
1,929,945
000
>.'•/'
•
Most
old.
,
,
Total
,:v-.■>...• ■h;.:---/-:-;;..-.
1354.
Lionel Corp.—Increases Quarterly Dividend—
..
deductions
income ;
Dividends on preferred
affiliated
proper
years
normal
service
maintenance
•
rolling"
1865.
Deplet.,
$40,245,781 $36,642,899
reserves for
receivables of $426,489 in 1944
tRepresented by 695,782 no par shares.—V.
1943.
etc,
159,894
$4,481,079
.
•
'. $440,141
61,405
$4,399,800
by
when
sales, Mr. Ruhf says.
of the trucks on the road are at
19%
forfeited, etc.
Total
$4,321,185
r
Other
10,143,597
466,763
$4,338,394
_—
—
income
butions
10,690,745
11,716,137
—
stock
income.
income
Net
,
1,000,000 truck
Balance
3,112,800
$3,854,422
324,533
Balance
__—
Drl85,449
stock
of
Operatihg income
Oper. .exp! and general
1,147,321
$100)
surplus
Treasury
effect
3 Mos. Ended March
8,680,457
(net)
taxes
represent new financing.
Price to public to be
are
Maracaibo Oil Exploration Corp.—Earnings—
•1,286,363
for
shares
The
group.
trucks to
for another four
declares.
"keep
$3,344,308
99,444
July 1
June 1_
and
1
* Reserves
f
,696,796
2,603,952
3,235,539
registration state¬
a
$10).
dredging Co.—New Director—
minimum
of
Ruhf
p.
.Accounts
"*Pfd.
not
SEC,
(par
p.. 1355.
hastening
present
a
down
,136,836
4,672,276
—
operating
Gross
lack of; equipment- for civilian use
keeps them in service long after
they, have gone beyond the.stage of economical repair.
'! The, truck situation\has been further aggrevated by the shutting
Liabilities—
-
the
stock
$40,245,781 $36,642,899
____________________________________
2,675,097
—_
Other
is
manpower
Vv depreciation and amortization),
Other assets and deferred charges___
Total
do
and
underwriting
159,
cumulative
Vehicles
(less
cost
the
be good
of
At
and
$6,190,259
.
!—
profits tax—
excess
goods sold, but exclusive
Selling, general and administrative expenses™.
1943
8,267,974
,
—
total
1944
1943
$31,964,038 $29,051,658
20,602,802
19,357,748
—
maintenance,
they ordinarily
or five years, largely accounts for the
Abnormal potential of 1,250,000 when compared to a normal two year
Comparative Consolidated Balance Sheet, March 31
( Cash
outstanding
with
common
approximately one in every six civilian truck requests being
approved, the truck picture in the United States has changed com¬
pletely in the past two years since rationing began in March of 1942,
according to C;.T. Ruhf,' President.
To date a backlog of 1,250,000
potential truck sales have accumulated and the total is growing.
3,748,644
Assets—
1944
,
Balance''
Net
With
3,266,514
of common stock outstanding
per share common stock,
:
and
■"Difference
Registers With
Mack Trucks, Inc.—Truck Sales Backlog
100,000
;■••,'
,
$4,013,862
Federal income
4 George Habicht, Jr.',. President of the Marshall & Huschart Machin¬
ery Co., has been elected a director.—V. 159, p. 1287.
The
f:f:
25, filed
shares .of
McWilliams
:v
.
it/t Net
income
^Number of share
Earnings
April
on
50,000
and
Co.
•
5,176
-100,000
excess
profits taxes and contract settlements-
y
-
$18,619,792 $18,215,591
14,55.7,080
13,528,532
202,675
222,038
.
'.;tost of -sales (incl. sell & admin, exps., etc.)
l Prov. for .deprec. & amort, of property, etc.
vApprop. to reserve for possible future inventory
.V-; price declines and other contingencies
-
Michigan Consolidated Gas Co.—Earnings—
12 Mos. Ended March 31—
i •"Difference
1943
shares per $100 face value, will expire at
See also V. 159, p. 1865.
16, 1944.
Operating revenues
Operating expenses-—:
State, local and misc. Federal taxes
Interest,
company
for
&
1944
—
_____
.___
retire¬
to
issued
$18,585,772 $18,210,415
—
L
reduced
a
■
amendment.—V.
- -
.1
sales
Other
o
The
(& Subs.)—Earnings—
rate of six
(EST), June
m.
future.
ment
158, p. 2470.
Quarter ended March 31—
Net
,
of 60 may be retired with
age
employees
sec—
director.—V.
a
p.
Other
Frederick E. Ruhling, Vice-President in charge of the metropolitan
sales
conditions,
McQuay-Norris Manufacturing Co.
Lily-Tulip Cup Corp.—New Director—
M,.
certain
meet the requirements of employees who may retire in
Approximately 4,000 employees of the corporation will at
6nce bd eligible for participation in the proposed plan."—V. 159, p. 1765.
the
1556.
p.
Under
corporation.
t..."":v/.
corporation has been making provision for retired employees
a formal plan,
but it considers that such provision will not be
without
from
On completion of the financing, the capitalization of the
company
Will consist of the debentures to be offered and 3,627,985 outstanding
;
age
the
of
allowance,
"The
,
i.
the
reach
to
who have reached the
will be dated May
1 and will mature in $350,000
May 1, 1945, through May 1, 1958, with a maturity of
$2,600,000 principal amount due May 1, 1959.
' /
,
proposed plan will be financed by the corpora¬
said.
"Its effective date .will be July 1, 1943, and
provide retirement income for qualified employees
of 65 and who have spent a minimum of 15 years
Murray
service
ment
debentures
{.amounts
Mr.
designated
who
15-
The proposed offering of the serial debentures is to be made by a
syndicate headed by Glore, Porgan & Co., investment bankers of Chi¬
cago and New. York.
•:
>;%•1
-i v.\
.
.
is
company at the
3
.'
.'
costs of the
"All the
the
along with other funds
104 and accrued interest
1975
stock
of
the
.
.
Pay Bonds—
The. company, announces
its
outstanding
1956.—V.
that it will retire on June 1, next, all of
$1,260,850 of 1st mortgage 4%
to 5%
bonds due
158, p. 2471.
<
THE COMMERCIAL & FINANCIAL
1976
Mountain
Operating
oper,
Operating
revenues—
Operating expenses
Operating taxes
Net
Net
$9,364,871
18,545
$3,203,082 $10,523,043
2,052,444
-7,186,700
713,986
2,111,722
$9,346,326
6,043,813
2,034,640
$1,224,621
797,824
$1,267,873
819,741
690,105
$436,652
275,451
$428,387
274,655
income..
oper.
income
—V.
$3,206,913 $10,539,987
3,831
16,944
$3,578,894
2,460,402
rev—
„
,
Cash
U.
Receivables,
less
1943
—''1$8,148,485 $12,217,241
4,203,208
1,000,000
7,961,894
7,809,500
12,206,478
11,352,410
assets———".'4,454,712
4,268,950
.1
63,869,968 63,134,349
'
1
1
-——
446,032
518,434
Investments
Property
miscellaneous
and
—
-
and
Patents
Deferred
Period End. Apr. 30—
•
——
-
—
.
processes
Sales
Debentures—
-
_
—
—
as
Trust Co.,
Pacific RR.
Missouri
11,000,000
12,416,940
11,374,032
15,676,796
—
—
—
Earned
surplus
:
—
15,743,807
—
.
Mr,
,
of
the
Treasurer
p.
of
1866.
Total
101,290,778 100,300,885
—-
—
-
to fill the post recently made vacant by
corporation
Strelinger
Egan.
has
-
Discount
/
,■
,
...
elected
been
also
Refrigeration
a
and Secretarysubsidiary,—V. 159,"
director
Corp.,
a
■
Nassau & Suffolk Lighting: Co.—Earnings—
Maintenance
$2,653,371
1,747,576
21,253
131,814
103,476
43,925
176,704
175,676
——
Depreciation
Taxes
(incl.
Other
$2,592,148
516,500
34,597
—■
$735,004
542,209
44,278
expenses
income
1944—12 Mos.—1943
1944—3 Mos.—1943
$776,839
revenues
Operating
tax)
1,711,369
for
prov.
Operating
—V.
j
Godfrey Strelinger, formerly Assistant to the General Sales Manager
the Nash Motors Division, has been elected Treasurer and Assistant
Operating
(Series C)„_—i—-- . 11,000,000
Common stock (par $10)„—
——■
12,416,940
Paid-in surplus
;—„1,
_u——11,374,032
minority
-
During the month of April, 1944, there were 207 stores in operation,
against 208 in the same month last year.—V. 159, p. 1557.
Period End. Mar. 31—
dividend-
$4 cumulative dividend
stockholders' fight against the Alleghany Corp. for con¬
trol
of the
company was disclosed last month with
the solicitation
-of proxies by a committee composed of F. Douglass Wilson, of Plainfield,
111.,
and Andrew W. Comstock, Evanston, 111.
Their proxy
statement proposed the election of eight "independent" directors on
the board of 15.
'
L.
W, Baldwin,
Chief Executive Officer of Missouri Pacific lines
»and President of the corporation, was unanimously reelected.
Direc¬
tors elected were: R. W. Atkins, New York; L. W. Baldwin, St. Louis;
W. H. Biggs, St. Louis; D. H. Carter, Dallas; T. C. Davis, New York;
R. E. Harding, Ft. Worth; Morton Jenks, Philadelphia; R. M. McKinney, New York; M. B. Pierce, New York; J. G. Pyeatt, Denver; J. G.
Ralph, New York; J. S. Roth, New York; W. S. Smith, New York; W.
W. Smith, St. Louis, and D. D. Wilson, Oak Park, 111.
Mr. Davis said Messrs. Biggs, Rolph, W. S. Smith and Wilson rep¬
resent the minority stockholders.—V. 159, p. 1866.
A
961,558
5,000,000
5,000,000
B
1944—4 Mos.—1943
$7,010,257 $24,287,383 $24,139,809
$7,277,638
the death of Gilbert V.
(210,000 no par shares);
A
Series
representing the minority stockholders were among
the annual meeting held on May 10, T. C. Davis,
the executive committee, announced.
of
Chairman
-
------
5,000,000
5,000,000
Series
at
elected
15
I
sub...——
American
cumulative
$4.50
directors
Four
/
liability
——L
_
in
interest
,
1944—Month—1943
c
—:
Secretary
32,096,263
536,072
——
Preferred stock
Directors—
"the
'33,221,985
544,946
Rfserves
Minority
Minority Group Elects Four
—
714,312
417,061
5,107,851
tax
Accounts
Mass.—V. 158, PP. 2049, 1860.
co-trustee, Boston,
121,659
income
estimated
Note payable
deben¬
July 1,
Colony
mortgage 5% sinking fund gold
tures due Jan. 1, 1951, have been called for redemption as of
1944, at 105 and interest.
Payment will be made at the Old
outstanding first
in 1944 and
profits taxes.
739.
Nash-Kelvinator Corp.—New Treasurer—
101,290,778 100,300,885
..
to bank in Brazil--——517,605
payable and accruals
——
4,879,682
Preferred dividends payable———-—:
445,000
Deposits for returnable containers
—.
1,025,122
Net
of $625,000
—_
charges
Liabilities-
the
of
provision
(G. C.) Murphy Co.—April Sales—
,i——
reserves
Total
Mississippi River Power Co.—Calls
tAfter
1941.
fOn 265,516 shares of common stock.—V. 159, p.
of
All
in
$726,000 in. 1943 for estimated Federal income and excess
Dec. 31,
—
securities.,
Government
S.
Inventories
159, p. 1450.
taxes
,
1944
Assets—
$3,583,503
4,609
revenues
Uncollectible
Federal
for
Sheets
Mar.'31
1944—3 Mos.—1943
1944—Month—1943
Consolidated Balance
Comparative
Telegraph Co—Earns.
States Telephone &
Period End. Mar. 31—
Monday, May 15, 1944
CHRONICLE
74,433
78,558
271,196
287,738
$81,322
„.
$74,768
$326,081
$313,889
„
income
Dr587
3,392
Drl.517
$74,181
38,673
$329,473
$312,372
37,500
net^-
544
$81,866
150,875
154,975
16,545
income,
16,507
66,995
67,195
■■<
159, p. 1866.
.
Gross
revenues
—
Other taxes'
retir. & depletion
Prop,
res.
approp.
„
765,582
5,140
547,791
9,022
6,626,059
133,285
Bank Farmers Trust Co. has been appointed co-transfer
New York for 250,000 shares of common stock.—V. 159,
City
-agent
in
:
1693.
p.
-V..
-
"
.r
$770,722
Interest
$556,813
$6,759,344
$6,191,049
207,947
Monsanto Chemical
with
&
209,442
2,472,787'
income
its
subsidiary
summated
I.
F.
wood
and
in
March,
Laucks,
company
—V,
the
158,
holdings
& Sales
in
Their
formaldehyde resins for adhesive purposes.
plywood for hundreds of uses, among them
interior
work,
boats,
packages
airplanes,
Participation
Fred
-less
A.
XJlmer,
and
company's "A"
90%
those
of
place
deferred
of
cost
no
which the
plan by
pension
the
to
the
under
during
the
company's
due
year
pension
to
shortages
and
the
insurance coverage
group
or
Gaston
Vice-President
DuBois,
mittee, dealing with
company's post-war
the
follows:
and
will
required
It is
studies
for
call
another
is
problem
had
we
cannot
sums
provide
to
promotion
announced
General
will
santo's
who
James
plant
of
the
April
of
position
Co.
was
recently named
at
Division,
General
Springfield,. Mass.,
26.
Assistant
succeed
Plant
has
been
Manager
named
of
Plant
the
Account
for
Trenton
sales
Net
Cost
of
—.
of
1942
14,572,976
13,953,810
At
profit
Selling and admin, exps.
Research
Other
$6,013,435
$5,909,536
$5,086,991
1,246,655
1,188,955
1,200,832
552,574
482,501
398,621
336,718
—$3,494,264
Net-pro ."it
income
$4,284,278
$4,321,960
seizure
12 on whether
prejudice.
May
without
or
it
Senate
§128,968
335,455
191,891
165,462
to
the
involves
House
to
111.,
for
Davis of War Labor Board said the
a dispute at Hummer Manu¬
forward
subsidiary
action.
a
of
Montgomery
Ward &
clause in a proposed
Ward management to
properties which were released by
the Government after seizure by the Army.
As in the parent company's case the Hummer firm refused to comply with the board's order concerning union security,
contract,
the
'
William H.
Springfield,
White
the
1943
Prov.
income
$3,623,2?
charges
Gross
92,4/
for
taxes-
$4,513,852
$3,714,904
128,487
214,114
J
90,722
*3,380,300
3,031,020
12,146,499
$1,141/. J3
income
$4,619,733
$1,148,711
$1,294,345
$1,354,291
t!2,389,0
/
objection
contract
at
its
income
of
—
net
of
the
5,957,708
2,139,004
$849,344
$862,241
$830,291
$496,073
$0.52
$0.53
$0.51
$0.30
Period End. Apr. 30—
applicable to min. int.
Net
sales
on
profits
and
sidiaries.—V.
159,
of
1288.
p.
.
Cylinder Gas Co.—Earnings—
National
per
"Includes
Crl2,721
25,049
$1,269,296
$1,342,708
„
8,874
com.
sh.J
$0.73
$0.76-
$0.86
$0.98
estimated
normal tax of $655,800; excess profits tax (less
$280,500), $2,524,500; possible increase in tax rates
tlncludes $850,000 for excess profits tax and $350,000
additional taxes.
((Includes
$51,461
(net)
fees
from
post-war credit of
of
$200,000.
for
U.
probable
S.
Government
oral
income
war
credit
taxes
of
48,246,507
$6,588,000
net
•/(Consolidated
income
"On
and
1,335,701
contracts
(less
of $301,000).
$220,800)
of
allocated
^Includes
$2,014,200.
cated
to
government fees of
$1,348,711, equivalent to $t J2
$301,000.
a
Note—The
portion
excess
of
estimated
profits tax
tj)
*
deducting portion allo¬
""Adjusted net income was
share.
Dividend—
dividend of $1.50 per share
on
the common stock, payable Mav 15 to holders,of record April 27.
A like amount was paid on Feb. 15, last, and in each quarter during
1943.
In addition,
the company on Dec, J15, 1943 paid a special of
$6 per share.—V. 159, p. 552,
on
April
Mueller Brass
27
declared
a
per
share__
•"After depreciation.
eral
income
and
1944
1943
1942
1941
t$249,946
profit
jEarnings
„
for
issued.
tAfter provision
159, p. 1558.
shares
Federal
income
Corp.—Earnings—
1944
1943
1942
"$591,735
"$456,661
*$734,026
3 Months Ended March 31—
Net
sales
Cost
of
—:
——
products sold, includ. oper.,
selling and admin and gen. exps.
"585,938
*493,564
*629,512
Oper. profit bef. deprec. & deplet.
$5,797
t$36,901
$104,514
8,067
8,880
$113,395
.
$20,637
income———
Total
$$28,835
14,839
Other miscellaneous income.-
37,978 :
48,689
Provision for deprec. and
52,218
51,660
45,593
60,440
Int.
31,916
31,916
31,916
$101,475
$161,100
Other deductions—
5%
on
Net
,
depletion.
inc. debs-
conv.
cum.
loss-—-——
which
Include
not
"Does
are
3 Mos.
(& Subs.)—Earnings—
1943
$4,788,229
;
4,357,895
depl.'and deprec.-—232,438
3,457,091
220,492
3,391,650
$1,137,863
712,034
$1,110,646
696,390
$1,256,504
$425,829
$414,256
$527,064
less disc., rets. & allow.
sold,
depreciation
and
goods
for
Prov.
Gross
-
—
—
profit
Operating
income
$4,806,218
depletion
excl.
profit
—_—
Sell., admin, and gen. expense——
Other
1942
1944
$5,728,196
End. Mar. 31—
Gross sales,
of
$24,555
1940. '
JLoss,—V. 158, p.
shown semi-annually.
National Gypsum Co.
Cost
--
department operations/the result of
construction
——
158,064
729,440
75,878
113,199
16,926
$501,707
$543,990
204,300
$527,455
49,591
13,559
24,022
261,000
$233,918
$179,283
$173,362
$0.12
$0.08
$0.08
——_—
'income
Total
Int.
and
Prov.
exp.
for
funded
on
doubtful
for inc. and excess
Prov.
Net
profit
Earn,
per
159,
45,965
debt-
of
com.
t$302,970
■"$481,031,
•"$297,227
$1.12
$0.94
Also provision
$1.14
$1.81
of $1,525,000 for estimated Fed¬
profits taxes and $100,000 for contingent war¬
time and p.ost-war adjustments in 1942, and after provision of $421,289
excess
10,052
—
prof, taxes
———
share
6,472
accounts——
deductions
Miscellaneous
—V.
—
—_
stock
•••''■
sales
"Cost
of
Net
Other
profit
1944
1943
1942
$303,489
$481,463
256,551
361,928
—
$49,157
$46,939
$119,536
expenses-
27,865
23,765
30,270
$21,293
$23,174
$89,266
—_
Net
—
income
__
income
income
.
795
97
$20,128
$23,968
$89,363
2,042
5,075
8,500
9,300
63,200
$12,627
$21,088
$8,854
$8,716
$8,837
-
tax
__
Drl,165
$11,628
funded debt
for
"Includes
—V.
operations-.
net—;
—
on
income,
on
12,457
$336,000
286,842
————_
sales-
Provision
53,708
248,500
Co.—Earnings—
National Pole & Treating
Quarters Ended March 31—
Net
55,963
1450.
p.
—_
_
_
depreciation charged
158, p. 1940.
'National Lead
Co.—Earnings—
Quarters End. Feb. 28—
Net
233,544
SO.18
'
Total
Fed-
(less post¬
after
provision foi
depreciation and obsolescence during the
periods amounted to $1,22 ,139 in 1944, $1,235,530 in 1943, $911,934 in
1942 and $908,761 in 1941.
directors
1942
$4,266,255
447,759
$0.34
profits taxes.—V.
excess
Interest
The
1943
$6,650,042
346,383
$0.26
—__
share—.—_
"Earnings per common
7
60,655,825 139,145,680 154,291,784
1866.
11,583
$1,132,859""$1,161,432
1944—3 Mos.—1943
$
v
^$
1944—Month—1943
—
159, p.
Subsidiaries)
(Including Wholly-Owned Domestic
1944
3 Mos Ended Mar. 31—
Sales
Gross profit on sales
Selling admin, and gen.
Morse Twist Drill & Machine Co.—$1.50
income
Earnings
Sales
240,433*
foreign subsidiary companies and
Algerian, Belgian, Czechoslovakia!!,
Egyptian, German, Hungarian, Jugoslavian, Netherlands, and Spanish^
also in 1942 excepting sales and profit of Chinese, French and Japa¬
nese
subsidiaries,
tlncluding profits of foreign subsidiary companies
and branches except sales and profits of Algerian, Belgian, Chinese,
Czechoslovakian, Egyptian, French. German, Hungarian/Indian, Japa¬
nese, Jugoslavian, Netherlands,
Portuguese, Spanish and Swiss sub¬
Montgomery
April Sales Show Decline—
—V.
income
*736,506
*2,969,295
branches except sales and profits of
Chicago
$
Net
Portion
1941
1942
t6,819,950
;
Income
159,
3,340,278
—
share
shares
"Including
maintenance-of-membership
a
chief
a
union
-V.
4,189.622
taxes-
—
per
1,628,000
committees named to
the properties said that their inquiries
termination of Government's possession.
of
despite
had voted unanimously
Case
$3,549,441
.—
rule
would
with
of House and
the
Co.,
$1.74
stock.
common
(& Subs.)—Earnings—
1944
sources-
income
profit
Earnings
would
same
facturing
shares of
112,815
,
10—Chairman
May
board
9,355,935
$5,490,515
1,443,677
expenses
he
continue
the
Co.,
Gross
for
Net
liti¬
time, as an aftermath of the termination, there was a
renewal of Congressional criticism of the Government's handling of the
entire Chicago dispute.
1941
10,529,478
but
dismissed
as
said
10—The Chairmeh
investigate
$20,063,491 $19,967,245 $16,439,014 $14,442,927
—
goods sold——
dismissed"
case
hands."
my
May
to
(Including American subsidiary companies)
1943
Prov.
H. Holly.
not rule on the legality of the seizure
because "events have transpired which apparently have taken the case
Quarters Ended March 31
1944
under way.
Government seizure of the properties without
the Federal action in taking possession.
company
and Government counsel that he "con¬
recorded
Holly
all
from
of
told
the
be
Judge
C.
would
Income
already has one
from
legality
Court
should
Mon¬
Manager
stemming
on
sidered
O'Neal
of
John
by
operation
and
May 10—Federal Judge William H. Holly dropped the injunction
out
34,
1942,
Mr.
.
Manager
to
ton
changes,
National Fireproofing
*
hereby terminate
United States of the
1944,
April 25,
6—A
ruling
at
Anniston, Ala.
of
the
Phosphate
control
Senate, which
The
O'Neal,
Mr.
of
*
*
8—Attorney-General Biddle in a brief filed in federal Court
at Chicago supporting the Government's seizure of Montgomery Ward
properties admitted that the Government's power of seizure is limited
and can be reviewed by law.
But the Attorney-General says the Gov¬
ernment had every right to take over the Chicago properties.
He said:,
"Montgomery Ward is a vast enterprise so closely connected with the
war effort that its business cannot be separated from the war effort."
Production
Chemical
Monsanto
all
—_t$25,266,970t$25,288,046*$15,816,220 "$9,903,928
Profit
May
employees
1942
$370,991
$1.40
1866.
Sales
.
.
*
Order
10 by Judge William
O'Neal.
Consolidated
the
Trenton, Mich., plant since September, 1940,
September,
succeed Mr.
opera¬
construction
more
said.
ten-day temporary injunction issued in Federal Court
April 27, restraining officials of the company from interfering with
Government operation of the Chicago properties was extended to May
capital will not be
following the war.
50%
statement
in accordance with the authority vested in me by * *
Executive
possession,
gation
Williams,
Wilson,
disturbed."
the company and
who has been Plant
division.
the
Division
died
A.
since
of
company's earnings.
for
to
Jr.,
Division
Manager
N.
Plastics
Brock-3,
O'Neal,
headquarters
Telix
com¬
Announced
Promotions
A.
Monsanto's
his
employment
Jones'
way,". Mr.
normal
a
1943
$303,682
$0.95
business
the
plants and facilities under such Executive Order and hereby return
the said plants and facilities to the said company, such termination
and return to become effective at 7 p.m. (CWT), May 9, 1944."
Other developments in the company's affairs are as follows:
May 5—The House of Representatives authorized an investigation
of the Government's Tight to seize the company's Chicago properties.
A seven-man committee was 'created to make the inquiry independently
by R. R. Cole, Vice-President of
of
Production
succeeds
E.
Phosphate
recently
of
make
As
of
the
Manager
Manager
years
in
the orders of
operations of the business
during the period of Government possession have
procedures of Montgomery Ward & Co.
routine
therefore,
the
wish
employees
post-war
plant
new
This
of
out
come
continuing
been
1939."
in
of
in
to Montgomery
accordance with
in
held
been
now
at no time
normal
May
projected
our
in
New
The
Manager
that
now
fact,
President's
:
working capital.
but over the next few
immediately,
clear that such
"Our
than
indicate
approximately $40,000,000
$25,000,000
has
election
1944
$217,522
share'-
per common
National Cash Register Co.
by troops.
the order end¬
Tuesday.
(CWT),
p.m.
are
in part as
said
7
"In
were
executive
the
outlook,
*
•.
"Preliminary
tions
of
member
of
as
the
Outlook
and
Ward property,
company's board of directors, left his
said, the Government was turning back the property
"The
have
the
in effect for 7,066
was
ended
be
the National Labor Relations Board, and the
company.
Post-War
conference a few hours earlier had
with the election.
press
a
Chairman of the
Avery,
Ward
those eligible for retirement to continue at work during the war.
the end of the year 1943, Mr. Ulmer reported, a total of $17,-
of
at
would
case
' 1
_
(& Subs.)- -Earnings-
Inc.
profit
'"After
p.
Government possession, said the purpose of seizing the plant had
accomplished and the election had been completed.
Therefore,
ing
At
600,000 in
unit.
the smaller
Roosevelt,
the
of
question
the
on
apartment for the office from which he had been forced
Jesse Jones, Secretary of Commerce, who made public
com¬
normally would
retirement plans
and
manpower
count
votes in
no
Sewell
"I
which
relinquished control of company's Chicago
before tabulation gave a CIO union
hours
three
'
■:>v
Immediately after the Government had evacuated the
employe,
eligible, he said.
all automatic retirements
Practically
taken
at
28
President
retirement benefits
available under the Federal Social Security program.
The company's
"B" plan,
which is open to employees making over $3,000 and paid
for by the company and the employee jointly, was participated in by
supplements,
pany
'
30,530
$59,672
Quarters Ended March 31-
been
$3,000
making
;X.
final
announced
he
employees
all
and
as
forms.
concrete
—
Inc.—Chicago Plant Turned
CIO Union Wins Employee
whether the CIO still repre¬
sented a majority of the employees, an issue which led to Government
seizure of the properties April 26, showed the union receiving 2,340
yes
votes and 1,565 no votes in the main unit and 100 yes votes
Plan
Pension
said
Treasurer,
the
under
came
in
being:
Management
29,825
$81,778
1735.
p.
tEarnings
victory in an employee election.
The
well as
The com¬
They also
they have
and ureaproducts go into
floors, partitions,
Co., Inc., of Lockport, N. Y.,
Australian and Swedish companies.
pany pioneered in the exploitation of soybean adhesives.
manufacture glues from casein.
Within the last few years
had
a
very
large increase in their phenol-formaldehyde
Merritt Engineering
To
approximately
plant
a
There business for the year 1943 amounted to
have seven operating units—two are located
in Seattle, Wash., one in Los Angeles, Calif.; one in Vancouver, B. C.;
one
in Lockport, N.
Y.; one in Portsmouth, Va,; and one in Stanbridge, Quebec.
They also
own
a
majority of the stock of the
minority
$19,924 1
National Candy Co
957,534
The Government on May 9
They
$6,000,000.
over
957,534
Election—
producer of ply¬
lirre of paints
Wash., is a leading
also manufactures
of Seattle,
The
preservatives.
$3,413,581
Montgomery Ward & Co.,
Back
1944.
Inc.,
adhesives.
wood
the Monsanto company
companies,
$4,286,557
to preferred stock-.———
applicable
8,479
$10,522
7,897
income
3 Mos. End. Mar. 31—
announced that
approximately 26,000 shares of its own stock was paid for all of the
stock of the newly acquired companies (see V. 159, p. 1288).
Negotiations for the purchase of the Laucks companies were con¬
and
$347,371
$562,775
—
*
;
miscell.
&
expense
Net
2,777,468
._
discount
debt
deductions
159, p. 1693.
acquisition by purchase of I. F. Laucks, Inc.,
the
charges
Dividends
Co.—Acquisition of Laucks, Inc.—
—V.
connection
—
s
Net
In
income
Gross
of
*
6,094,688
96,361
(net)
income
debt-
interest
"Net
The
long-term
on
Other
Amort,
——
2,118,895
2,054,289
176,209
175,880
-
revenues
oper.
Other
Agent—
Int.
1944—Month—1943
1944—12 Mos.—1943
$1,956,596 $1,916,553 $21,831,218 $20,883,199
445,254
422,474
6,124,622
5,735,945
421,929
604,803
5,329,505
5,110,835
147,951
165,276
1,696,743
1,822,836
:
Operating expenses
Federal taxes
Net
Monarch Machine Tool Co.—Co-transfer
Co.—Earnings-
Montana Power
Period End. Mar. 31—
Operating
income
Merrill
Lynch,
Brothers
Co.—Secondary Offering Completed—
Pierce,
announce
Fenner
that
their
& Beane and Lehman
offering on May 5 of
100,000 shares of common stock (par $10) has been over¬
and that the books have been closed.
The
subscribed
(Continued
on page
2011)
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
Volume 159
Stock and Bond Sales
deferred delivery tales are disregarded in the day's range,
NOTICE—Cash and
New York Stock Exchange
icn
WEEKLY
-
1977
'YEARLY
-
v-/;
unless they are the only transactions of the day. No account is taken of such sales in computing the range for the
year.
United States Government Securities on the New York Stock Exchange
Below
furnish
we
Loan and Federal Farm Mortgage Corporation
daily'record of the transactions in Treasury, Home Owners'
a
the current week.
Stock Exchange during
Daily Record of U. S. Bond
May,6
Prices
Treasury
%
May 8
May 10
May !)
May 11
Daily Record of
May 13-
D.
8.
Bond
r
2Vis, Dec.,
Low
[close
2
Vis
1965-70
Total
Close
5
100.4
100.2
100.4
100.2
Close
100.4
Low
[High
\
2%s, 1951-53
Low
[ Close
Total sales in $1,000 units
(High
Low
\
2%S, 1952-55
Low
[Close
[close
Total sales in $1,000 units
Total sates in $1,000 units
y7"J7:<"7 (High
j Low
High
1946-48
2y»S, 1954-56
Low
•
[Close
Close
Total sales in $1,000 units
Total sales in $1,000 units
100.10
100.8
100.9
100.10
100.8
[Close
2Vis
Low
100.9
100.10
100.8
4
1956-59
Close
Total
Total sales in $1,000 units.
sales
in
10
$1,000 units
1947
2s,
Low
[Close
Total sales
[High
Low
2s, March
103
( High
-I now
1948-50
103
(Close
:
Total
1
Total sales in $1,000 units
(High
sales in $1,000 units
[High
] Low
2s, Dec. 1948-50
1 Low
2%s, 1948-51
in $1,000 units
103
[Close
■{
(Close
.
,
Total
Total sales in $1,000 units
[close
'
.
sales in $1,000 units
(High
fHigh
2s, June, 1949-51
\ Low
i Close
2%S, 1951-54
7 /
t
Low
[Close
•
Total sales in $1,000 units
Total sales in $1,000 units
[ High
2s,
Low
__■{
(High
•{ Low
1949-1951
Sept.,
[Close
[Close
Total sales
Total sales in $1,000 units
in $1,000 units
Hign
Hign
2%s, 1958-63
2s, Dec.,
Low
•
Low
1949-1951..,
Close
Close
Total
units
f High
111.11
sales in $1,000 units
111.11
\ Low
2%8. 1960-65
[Close
1950-1952
7
6
LOW
2s,
Close
Total sales in $1,000 units
Sept.,
Total
7 l
sales
in $1,000
1
High
106.24
100.16
Low
100.16
100.14
100.16
100.14
2s, 1951-1953
.
Total sales
[High
in $1,000
100.14
1
units
1
High
Low
■
100.31
units
106.24
[Close
2%S, 1949-53
100.31
[Close
Low
Total sales in $1,000 units
100.31
(High
•{ Low
[Close
1950-1952
106.24
j High
1948
101.9
101.9
Total sales in $1,00G units
High
1945
101.9
(High
-l Low
(Close
2s, March,
111.11
Total sales in $1,000 units
Close
1951-55
2s,
Low
•
Close
Total sales in $1,000 units
Total sales
[High
\ Low
2%S, 1950-52
in $1,000 units...
(High
[Close
2s
1
1953-55
Total sales in $1,000 units
[High
104
Low
[Close
104
[ High
103.21
•[ Low
103.21
[Close
2%s, 1952-54
103.21
•
Total sales
in
$1,000 units
[High
104
l%s
4
Total sales in $1,000 units
-
Low
[Close
'
2%s, 1956-58.
U
Low.
•
Close
Total sales in $1,000 units
2%s, 1945-47—
10
"High
High
27/aS, 1955-60
100.9
Low
(High
High
3s, 1951-55
2%S,
1
[Close
High
2%s,
100.2
■i
1
Total sales in $1,000 units
3
3VbS, 1949-52
Total sales in $1,000
May 13
100.2
(High
{ Low
\
2Vis, 1967-72
105.23
[High
\ Low
[Close
2%s, 1956-59-——
May 11
(High
Total sales in $1,000 units
3 s,
May 10
100,2
$1,000 units
105.23
[Close
units
3VeS, 1946-49
in
105.23
(High
1 Low
Total sales in $1,000
sales
May 9
100.2
I
Close
Total sales in $1,000 units—
May 8
$1,000 units.
,
Low
May 6
High
I
in
High
3%s, 1946-56
bonds on the New York
{ Low
1964-1969
Total sales
Total sales in $1,000 units
«8, 1944-54
Prices
Treasury
f High
i
4%s, 1947-52
coupon
Figures after decimal point represent one or more 32d of a point. (See note below).
Total sales in $1,000 units
1948
-j Low
(close
Total sales
in $1,000
units
Federal Farm Mortgage
1
'
High
f High
;
2 %s,
1] Low
1962-67
77,7
Close
Total sales
Total sales in $1,000 units—.
■
:
2%s,
Low
3s, 1944-1949
..-7'v:'■■ [Close
<'■
•
•
V
(High
Home
\ I Low
1963-1968.
[Close
.
Total sales in $1,000 units
I
Loan
Owners
High
—?!
.—
Low
1%S, 1945-1947
(High
-{ Low
[Closa
2Vis, June, 1964-1969
in $1,000 units
100.1
Close
100.1
Total sales
in $1,000 units
—
100.1
Total sales in $1,000 units
♦Odd
25
lot
tTransaction of
sales.
registered
bond.
NEW YORK STOCK RECORD
LOW AND HIGH
Saturday
May 6
$ per share
Monday
SALE
Tuesday
May 8
May 9
$ per share
May 10
$ per share
STOCKS
PRICES
Wednesday
$ per share
Thumiay
May 11
$ per share
5.7 %
*
57%
57%
57%
*57%
58
*57%
58
57%
58%
111 %
112y2
111%
111%
*111%
112
*111%
112
111%
111%
♦51
52%
♦51
52
*51
52
*51
52
*56%
58
♦56%
57%
*57
58
*56%
57%
11%
11%
♦30
31%
♦20%
21
38%
38
88
♦85
5%
5%
155
♦152
2
2
29
28%
53 %
♦52 y2
25
25
81
*79%
11%
♦30
11%
11%
20%-
38%
5%
5%
5%
♦153%
156%
♦153%
2
28 %
*52%
25
*79%
11%
-
*30
11%
♦20%
*20%
20%
38 %
38%
88
86%
86%
5%
11%
31
11%
*30
21
38%
38%
87
87
5%
5%
156%
52%
52%
2
27 y4
2ya
27%
2
26%
11%
143
14
51
51
51%
51 y4
50%
51
24%
25
24%
25
24%
25
24%
25
81
*79%
81
*79%
81
*79%
___
6,900
900
81
11%
800
8,400
11%
11%
141 %
143
*13%
14
11%
142
*13%
*11%
11%
142
142%
142%
14
*13%
14
11%
.
11%
141%
142
*13%
2,400
Steel
,
Adams-Millis
Corp
Address-Mutigr Corp
Air Reduction Inc
Alabama & Vicksburg Ry__
Alaska Juneau Gold Min
Albany & Susquehanna RR
Allegheny
23
Corp
No par
_JVo
Par
10
No par
100
10
-100
1
5 y2 % pf A with $30 war—100
$2.50 prior conv preferred-No par
1,800
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
Allen Industries Inc
1,000
Allied
14
No par
Chemical & Dye
Allied Kid Co
No par
52 y2 Feb
$ per share
61
21
Jan
$ per share
11
51%
108
Highest
$ per share
63% Mar
Jan
Nov
115%
Sep
109% Jan
17
112% .Apr 22
47
Jan
24
51% Mar 31
35%
Jan
52
53
Jan
3
Mar 16
Jan
57 y8
Sep
10% Jan
27
12% Mar 16
41%
7%
Jan
13
Apr
26% Jan
31
31
25%
Feb
32% July
22% Mar 11
14%
Jan
21% Mar
42 y2 Mar
38%
Jan
48%
67
Jan
76%
Sep
Jan
IVo
Apr
Jan
128%
Dec
19 3/2 Jan
37% May
75
Jan
58
6
5
124
2
Jan
3
Jan
4
24 % Apr
19
37
70
No par
141
Jan 21
9% Jan
Apr
3
26
13% Mar 18
3
13
May
151% May
5
2% Mar 18
3
Mar 29
23 V2 Jan
May
3
6% Jan 15
87
13
5% Apr 18
100
1
5
Lowest
Highest
$ per share
No par
100
Co
Adams Express
<•'
2,900
10,200
2
27 %
*79%
..
30
*153%
2%
25%
:
21
38%
5%
28 y4
81
___
88
21
8,600
11%
preferred—-
Abraham & Straus
Acme
31
156%
2
4%
56%
5%
28
*13%
*56%
Abbott Laboratories
20
50
*153%
2%
11%
56%
•
5%
28%
♦141%
52
156%
2
11%
112
*49
Year 1943
Range since January 1
Lowest
Par
1,300
57%
*111
51
Range for Previous
v
STOCK
EXCHANGE
Shares
$ per share
5%
28
143 y4
38,
*86%
May 12
57%
NEW YORK
the Week
*153%
2%
53
11%
*30
38%
157
*56%
31
28'%
11%
14
21
37%
♦86
88
143 y4
♦13%
31%
*20%
20%
38%
♦86
11% ; '
*30
31%
51
Sales for
Friday
*
33% Mar 20
3%
85
•fe Jan
5Va
Jan
»
July
Jun
3% July
32'% Sep
58
Mar 18
13
Jan
45%
28
Mar 16
18 %
Jan
31% July
64
Jan
75
80 % APr
12
Sep
May
11%
Jun
6
7
Jan
Jan
7
140%
Jan
16% Feb
5
10%
Jan
14% May
35% Mar 27
16%
Jan
37% Nov
11% May
150
165
i
July
"
32%
For
32%
32%
32%
footnotes see page 1987.
32%
32%
32%
32%
32%
32%
32%
32%
4,000
Allied Mills Co Inc
No par
30
Jan
25
/
$ per
$ per
share
16»/4
16%
16
99%
99%
99%
34%
34%
35
109%
109%
1093/4
108 5/a
109 Va
18%
183/4
183%
183%
2,200
*2%
2¥4
*2%
23%
600
2 ¥4
2%
*2¥a
3
*39%
40
40
40
94 ¥4
94%
96 ¥4
28%
27 Va
27%
*27 ¥2
28 ¥4
63 ¥4
63 ¥4
61 ¥2
62 ¥2
39%
92%
94
27%
28%
*27%
28%
*27%
14%
40
17
63%
163/4
16%
163/a
63 ¥2
63 ¥2
63 ¥2
14%
*14
14 ¥a
13%
14
\
3,000
American
40%
40
40 %
40
40¥a
40 ¥t
403%
//
1,400
Am
88%
88%
34
73 ¥t
23 ¥4
V
172%
73
2 3 ¥4
*110%.
1,100
115%
115 %
115 ¥4
1153%
115 ¥4
115 ¥4
11 ¥4
*11%
11%
*11 ¥8
ll3/s
11 Va
11 Va
14¥a
14 ¥4
14 ¥4
147/a
143%
14%
14 ¥2
14 ¥2
27%
27%
2%
"2%
-
*8%
9%
*8%
25%
4%
84%
83
22 %
22 %
21%
*73%
75%
74%
41
68%
*2¥a
2
8%
8 ¥4
*8 ¥4
83%
*8
*25%
25 ¥4
25%
25%
25 ¥4
25 ¥4
25
84
84%
84 ¥4
84 ¥2
82
84
2,800
21 ¥4
217/8
213%
-21%
20%
21%
6,000
75 ¥4
75%
75¥a
75%
755/a
755%
7554
755/a
1,000
33¥a
33 ¥4
34 %
34 %
34
34 ¥a
*3334
34 ¥4
500
3¥a
3¥a
*3%
3%
3 ¥2
3 ¥2
3 ¥2
3%
41
*40 ¥8
4iy2
*40 ¥a
69¥a
X69 ¥4
69s/a
69 ¥2
i-
69 ¥4
*40 %
.41
*40
68%
69
68%
6
6
6
57/a
*63
66
*63%
6
7%
*7
7 ¥4
*7
7%
48%
*48
48%
17%
17%
16%
17 ¥4
88%
88%
88 ¥2
90
89
.
16%
89%
*15
15%
15%
*11%
11%
*11%
11%
II 3/8
11%
11 ¥4
115%
20 ¥4
20%
205/a
20%
205%
20¥a
20 3%
34
34%
34 ¥a
34%
34 ¥a
34%
34%
2%
2%
2%
2%
2 ¥4
34%
530
¥4
2 ¥4
1,600
2 ¥4
2
2%
2%
45% ! 45%
45%
45 ¥4
45 ¥4
45 ¥4
45 5%
445/8
45 ¥4
2,500
46 %
46
46 %
42%
42%
43
42 ¥4
42 ¥4
43
43
41%
423%
1,500
43%
9%
42%
9%
9%
9¥a
9%
9 ¥a
9 ¥4
934
14,400
43%
9%
175
13
13
65 %
65%
12%
65
65%
9 ¥2
9%
65
65%
65 ¥4
65 ¥2
*15%
15%
*15%
15 ¥4
15 ¥4
15 ¥4
15%
16 ¥4
14%
14 %
*14%
14%
14 ¥a
14%
14 ¥s
14¥a~
27%
27%
26%
27
37
37 %
37
37 V*
153%
40 %
151
*149
40
151
*149
151
14 ¥4
27%
36 ¥4
37 ¥4
37
154 ¥2
155
41
*148
*148
23%■
24
23 ¥4
24
23 ¥a
23%
23 ¥a
15%
15%
15 %
151/4
15%
15 ¥2
15 ¥2
21
21
21%
21%
21 %
21%
21 ¥8
39¥a
397/a
39%
40%
119 y4
119%
119 ¥4
119 ¥4
*27%
28%
157%
*27 ¥4
28%
27 ¥4
2 7 ¥4
*27 ¥a
157%
157%
157 ¥4
157¥a
157 ¥4
•V
40 %
*27%
119%
28%
157%
157%
119%
157%
"
■
62 ¥4
62 ¥4 1
63
62%
62%
X62 %
40
40%
40
27%
f
660
Amer
37 ¥a
4,500
Arner
21 ¥4
American Stores.
American
62%
'
62 %
63
62
62 ¥4
143%
143%
144
144
144 ¥4
1443%
9%
9%
10
10
10%
10%
10%
10 ¥4
10 ¥4
10 ¥2
.1,800
42%-.
42
42%
42 3%
43
42%
42 %
5,000
-
10%
42%
113%
1173%
*1173%
118%
*117% 119
7
118 ¥2
*117%
6%
7
42
42
41 ¥4
*88 %
91 ¥4
7%
7%
7%
*7%
25%
25 ¥4
25 ¥a
25 %
*22%
25%
25
25%
*25%
23
25%
25%
23
23 %
5%
5%
84 %
84%
37
*22 ¥4
23 ¥4
*116
117¥a
*9%
9%
2 ¥2
234
2 ¥2
400
467/e
467/a
46 5%
465%
*463%
473/4
500
¥4
5%
5%
5 ¥4
¥2
8 4 ¥4
47%
*46%
47%
5%
5%
5%
5
84
8 4 ¥4
84
*99
102%
*99
'
84¥a
100
37%
37 ¥2
37
37
*97/a
10
10
10
373%
37%
37 ¥2
10%
*97/s
10 Vs
*9%
9%
9%
13 ¥a
13 ¥a
13%
¥4
9%
9%
9 ¥4
116
*112
116
*112
116
*112
*9
,
13 ¥2
13%
xl3%
13 ¥2
98 %
98%
98%
98 ¥2
98%
x97 3%
98
90 ¥4
907/a
91
*91 ¥2
923/4
x91
91
35%
*33
35%
*33
*33
33%
65 %
93
105%
-
93
105%
64%
65%
64 ¥8
93
-
02 ¥4
*105 ¥2
*105 ¥2
106%
101
64%
38¥a
38 ¥4
38
28%
99
29
29
29
63
63
63
62 ¥4
62 ¥4
32%
31 ¥4
32%
32
32%
*62%
31¥a
*111%
X9
*112
112
-
*28 ¥4
106 ¥2
600
9
13
*97 ¥2
13 ¥2
91
97%
-
29
7%
*105 ¥2
63 ¥2
643%
93 ¥2
933/8
37 ¥1
38 34
28
28 ¥2
1,000
64 ¥2
62 ¥a
63
32 ¥4
31%
32 Va
32
5%
At!
*111%
'
112
*12%
12%
12%
12%
55
*54'%
55
55
55
preferred
non-cum
Refining
Atlantic
60
I SS Lines
& W
G
RR
Coast Line
—
pref series A
111%
111%
111 ¥2
*110 ¥2
11134
60
4%
conv
12%
12%
125%
12%
12%
12 34
3,500
Atlas
Corp
*545/a
55%
*545%
55 ¥4
x53%
54
300
543%
543%
543%
880
III
preferred
6 %
Atlas
Powder—
53%
53%
54
55
55
116%
*115
116%
*115%
*116
117
*116 ¥4
117 ¥4
116 ¥4
116 ¥4
30
*115%
15%
15%
15%
15%
1%
15
15
*147/s
15%
*14¥8
15 ¥2
300
*15%
13%
12 ¥4
13%
11%
12%
113/8
12 ¥4
11%
11%
61,700
83 ¥4
80%
84%
78 ¥4
80
78 3%
80
80
80
37/a
X3%
37/a
3 5/a
33/4
33%
3%
334
3%
12,300
19 ¥a
19 ¥4
19%
19 ¥a
19%
18%
19 ¥a
5,500
Baldwin Loco Works v t c
7 ¥4
7
7¥a
7,600
Baltimore
14
143/a
5,700
9%
600
54%
10%
11%
U7/a
77%
80%
80
3%
3%
3 ¥4
55
116%
53 ¥2
Jan
70
May
2
Jan'
5
May
2,690
5%
conv
—..
preferred
19
19
7%
7
14%
¥2
15
7¥a
10
*93/4
10
64
64
64 ¥2
65
22%
22%
153/a
*15
*45%
46 ¥2
,
69% May 12
7 ¥2 Mar 31
Jan
19
72
Jan
4
100
*31%
8%
*31%.
10%
*11%
35%
*45 ¥2
643/4
65
65
65
320
227/a
22%
23 ¥4
22 ¥a
23
2,200
1,000
Barker Brothers
22 ¥4
15 ¥a
15%
*15
15%
15 Va
15 ¥4
*45%
46 ¥2
46%
*45 ¥2
46 ¥2
*45 ¥2
46%
15%
157/a
153/4
46 ¥2
16
32%
3 2 ¥4
32 ¥4
106
106
8¥a
323/4
8%
32%
114
*110
17
17
17
17 Va
28 ¥4
28 ¥4
28%
28
28
32%
32%
32
3/8
32%
17
*106
*8%
*33
*110
33%
114
106
8%
33%
*110%
12
35 ¥2
33%
114
107
*106
.
"1,300
*106 ¥4
*33
10%
Bath
32%
8
114
Barnsdall
32 ¥4
34 ¥a
*33
*110
4,100
3,100
114
*10 ¥4
107
60
Oil
Iron
Beatrice
34%
60
Beech
Creek
114
10%
11%
11%
12 ¥4
11%
12 ¥t
35%
35%
353/4
35%
353/4
35%
Corp—
RR
100
Beech-Nut Packing Co
600
1,800
Belding-Hemingway
Bell Aircraft Corp
2,500
Bendix
Aviation
.
—;
Oct
Sep
12 ¥4
Jan
15%
Jun
10¥a
Jun
7%
Feb
5
20 ¥4
Jan
27 ¥a
Apr
13
116 ¥4
Jan
125 ¥2
Nov
x26
Jan
36
Oct
Mar 31
3
Jan
35
4 ¥4 May
A
Jan
183/4
Jan
483/8
14
\ 49% Mar 22
16 ¥2
Jan
45
¥2
Oct
3
10¥4 Mar 13
6¥s
Jan
11%
Jun
2% Mar
19
Feb
Jan
9
Jan
12
¥a Jan
170
22
3
62 ¥2 Jan
3
14% Mar 16
13% Jan
21
3
54
36 ¥a Jan
3
Jan
13
39% May
8 ¥2
Jan
36
20
141 ¥2
Oct
19%
Jan
Jan
-
87/s Jan
13
100
-50
No par
1
50
20
No par
1
5
Aug
29% May
Dec
16
17 ¥2 July
17 ¥2
Jan
33
Jan
115
21
213/4 Jan
127 ¥4
8
Jan
Jun
Aug
32% Aug
158 ¥4 July
633/4 July
Feb
1
42 ¥2
Jan
64% Feb
3
43%
Jan
653/4 July
15
129%
Jan
1463/4 July
6%
Jan
63
-
146% Feb
-
11 ¥4 Jan
19
119 ¥2 Feb
12% July
Jan
493/8
Sep
115%
Jan
121 ¥4
Aug
Jan
9
May
32
46% Mar 16
116% Apr 26
21
8 ¥4 Mar
■
Jan
Feb
53%
Jan
3%
Jan
89 ¥2 Mar 16
55 ¥4
Jan
5 ¥4 Mar 16
6¥a Jan
67 ¥2 Jan
3%
2
9 ¥4 Mar 16
•
15
89% May
6 ¥4 Jan
84 ¥2 Jan
4
Apr
151 ¥2
91
9
Jan
Aug
Jan
12
21
19
44
113/a Mar
4
40% May
3
39% Apr
Apr
30
7
139
Apr
45
-159 ¥2 Mar
3
47%
161
119% Apr
3
57% Jan
Dec
Apr
May
Feb
22 ¥4 Mar 21
-
6
56% Jan
32% Mar
Jan
16 ¥4 Jan
3
W
18
Dec
24
27% Mar 16
/
24
•
15 ¥4
Jan
35%
'151
20
Jan
167/o Jan
Jan
144 ¥2
43 ¥4 Jan
9
23 ¥4 Apr
15
16% July
69 ¥2 July
4
Apr
155
8
Mar
Oct
Jan
123/4
'
147
173
25
8
14
15 ¥2 Mar
30
Feb 16
39% Mar 16
/
Oct
Jan
¥a
10
9
17% Apr
7
13 ¥2 Feb
147
Feb
154
1
May
68 ¥2 Mar
-
26 ¥4 Jan
25
Aircraft
82 ¥4
Jan
12
163
Creamery
'$4,25 preferred
47
17 ¥2 May
Nov
7
par
.-No par
Beech
Jan
Nov
68
52 ¥2 Mar 22
40
5
1
Co
1,300
73/4
Feb
44% Feb 21
par
par
Inc.
8¥a
39 ¥2
'
No par
—
Works Corp
Bayuk Cigars
6
120
21
2 ¥4 Apr
par
100
-50
100
10
—_
preferred—
17
600
8 ¥4
*8
¥2%
15%
28%
*ir%
11%
353/4
*113/4
8%
32%
*32 ¥4
16%
...
4%
5
*27 ¥2
10%
35 ¥a
12
106
.
Xl5%
10%
11%*
103/a
8%
*10 ¥4
10%
page 1987.
107
10%
*10 ¥4
35 ¥4
16
15%
153/4
17 ¥a
*27 ¥2
10%
For footnotes see
643/4
*64
*45 ¥2
28 ¥a
353A
10
15%
17 ¥a
32%
10
22%
17.
114
*110
10
10
preferred
Bangor & Aroostook
Conv 5% preferred
Barber Asphalt Corp
22%
153/4
8 ¥a
143/4
153/a
28 ¥a
106%
*106
9%
64
14%
22%
17 ¥a
17
97/a
64
7 ¥t
14%
9%
7¥a
3%
Nov
11
42%
Jan
7 ¥4 Apr
54% Mar
Nov
31%
50% Apr
16
88%
Nov
8% July
79 ¥2
July
Apr
24% Jan
26
27¥2 Mar 16
24 ¥a
25
24
277/8 Mar 16
24
Jan
293/4
25 ¥4 Mar 25
16 ¥a
Jan
23 ¥2 July
23
111¥2
Jan
8%
Dec
1¥4
Jan
20
Jan
7
114
Jan
6
9% Jan
10
2¥a Jan
2
Jan
3
42
•
4% Apr
11 ¥4 Mar 20
3
■
/
3
-
3
Jan
85
35 ¥4 Apr
18
9 ¥t Feb
17
8 ¥2 Jan
•
,
3
102
•
.
Jan
Jan
Sep
Jan
63/s
7
46
Jan
75
Sep
Sep
Jan
7
49
Jan
84
Dec
39% Jan
17
30
119
10 ¥4 Mar 11
Apr
24
92 ¥2 Apr
Jan
85% Jan
53 ¥2 Jan
Feb
473/8
8
993/4 Apr
-
19
3
7
Apr
3¥e
Jan
Jan
89
14% Mar 13
103 ¥1 Jan
14 ¥2
Jan
34
3
/ 113
33 ¥2 May
82
Apr 20
10% Mar 16
12 ¥2 Jan
90
Mar 22
50
Apr
Mar
116
6 ¥8 Jan
19
74 ¥2 Jan
116 ¥2 Feb
10
12
Jan
13
37
Apr
4
687/s Mar 18
107
25
Feb
15
30
59
¥2 Jan
8
65
40%
Jun
Jan
10%
Jun
Jan
10 ¥4
Jun
Oct
Feb
110
6 ¥4
Jan
15
¥2
Jun
72 ¥2
Jan
97 ¥2
July
94 ¥2
July
92
Jan
59
29
Jan
39%
Oct
100
Jan
108 ¥2
Nov
44%
Jan
67% July
66
Jan
90 ¥b July
Nov
38
Mar 23
19
Jan
36 ¥4
Oct
Mar 15
44
Jan
68
Oct
Jan
28% May
18
39% Mar 22
3
Jan
6%
43/b
24 ¥2
95 ¥2 Apr
25% Jan
'
32 ¥4 May
11
18
3/4
May
24% Jan
14
107 % Feb
18
11% Jan
3
133/8 Mar 22
63/8
Jan
13% May
7
56
Feb
24
50 ¥2
Jan
57
53 ¥4 Jan
58 ¥1 Jan
24
52
Jan
9
113
52 ¥4 Apr
114
Jan
19
4
1113/4 Apr
117
Mar
14
14 Va Mar
31
16% Feb 21
Jan
25
13 ¥2 May
19
84 ¥4 May
3
4 ¥4 Feb
7
66
Apr
3% Jan.
8
9
24
y
Ohio
14%
7 ¥4
9 ¥2 May
Jan
24% Jan
18
No par
Austin Nichols
No par
$5 prior A
—No par
Aviation Corp of Del (The)
3
&
Jan
5 ¥4
15% Mar 28
15
Jan
Sep
Jan
43/4
xl9¥2 Mar 16
Mar 15
4
Feb
32
par
66 ¥2
37 ¥4
8
Mar 25'
,'93
;>Z
8% Jan
20
Jun
48 ¥2 May
4
115 ¥4 Feb
par
par
Apr
8 ¥2 Mar 15
14%* Feb 29
par
/./:
July
7 ¥4 Apr
10
46
Atlas Tack Corp
7¥a
15 ¥2
227/a
*15
28 ¥a
16
16
*27%
7 ¥4
14%
7
14%
*9%
¥t
14 ¥4
7 ¥2
14 ¥2
•
21
10
14 % Feb
—100
.
21
Jan
43
•/, Mar 27 %
B
19
19%
19
4 ¥2 Jan
3
Jan
No par
543%
54
407/a
¥2 Jan
80 ¥2 Jan
100
100
100
100
1
—100
—25
-—100
5
—50
preferred
5%
-
12%
Jan
No par
2d
Atlantic
500
'i
_
preferred
Atch Topeka & Santa Fe
•6,800
28 Va
35
—100
5%
1,600
38 ¥2
Apr
4%
7¥a Apr 25
6¥s Jan 12
preferredpreferred
1st
1%
6,500
64%
93 ¥2
38 ¥4
367/a
Jan
—100
1
100
—100
6%
200
30
106 ¥2
Feb
2%
61
Assoc Investment Co
260
t
30
No par
——5
No par
7.% preferred
:—
Associated Dry Goods
160
;
Corp
Artloom
2,300
91
Mar 23
No par
Armstrong Cork Co—
Arnold Constable Corp.
116
*62 ¥4
3 8 3/4
39
63
*9%
28 ¥a
93
38%
28%
32
10 Va
500
64%
65
92%
-
38%
31%
'2,200
prior preferred
preferred
$6 conv
20
:
373/8
Jun
37
—5
of Illinois
& Co
Armour
Jun
19
No par
Midl'd.
Daniels
Archer
873/4
Jan
Apr
20
5
"Inc
Paper Co
May
26
50
Mining
Copper
P W
46 Vb
Apr
9
78%
25
div preferred
$5
A
Jan
4
12.50
No par
1,600
93
64?a
93
38 %
*61%
37
35 ¥2
105 %
65%
*54%
337,3
'
33%
112
*99 ¥2
100
100
101%
823%
8,100
"
116
93
12%
84 ¥4
84
-
5%
5
.
105%
"
-
1%
Jan
65
Anchor Hock Glass Corp
Andes
97/a
13%'
105%
•
29 ¥4 May
Jan
No par
40
;
*93%
90%
36
*111
117 ¥2
*116
500
*23%
*98
91
'
23 %
2%
9¥a.
13%
*105%
*22 ¥2
97/a
'
98%
33 %
23%
10
7
3
Anaconda Wire & Cable
790
;
Smelt
Jan
Nov
39
No par
No par
No par
-100
1
preferred
prior conv
6 3/4
22 ¥4
6
25
Anaconda Copper Mining
18,400
2%
*112
.98%
25 ¥2
*9¥a
*97/a
116
*90%
*25 ¥4
27/a
37%
*13%
25 ¥2
9%
100
9%
9%
*112
25 ¥4
25¥s
*25 ¥4
25%
*2%
9%
9%
25
25 Vs
26
$5
Jun
Jan
26
Mar 22
5
14
—
Amer Zinc Lead &
900
v
4 ¥4
l3/4
7
Jan
5
39% Mar 31
100
Preferred
1,900
■
*°%
37%
-
4 ¥4
Dec
Apr
26
Eleo.
54%
Apr
Feb
$6
Dec
80
27
1st preferred
American Woolen—•
*
493%
9¥a.
84
.
102
*99
83 3%
¥4
2%
*46¥a
5%
47
47
3,500
*9%
/•
2%
*2%
4
•
Jun
42 ¥2
25% Apr
156
Wks &
Water
Am
7,700
.
8 ¥4
*46 ¥2
4%
503%
117%
*116
117%
*116
23 ¥1
23%
23%
¥2
4¥a
*46 ¥2
6 3%
Feb
104 ¥2
11
.
91
—100
25
preferred
5%
300
*2¥a
9%
*9%
116
116
117%
*115
'
25 ¥a
*25
26
813%
4%
i
18%
Jan
8
7
Corp
Dec
97¥2
10
11
Viscose
American
Jan
13%
8
10
Amer Type
90 ¥a
73%
82
813%
'
*89
75/8
50 ¥4
*4¥a ;i
*45
25 ¥a
73%
81%
6 34
7
90 ¥4
*89
7¥a
81 ¥2
4%
50%
1173%
6%
7
91 ¥4
7 ¥2
82
4%
*45
¥4
6
*89
7%
*81 ¥a
'
.
50%
*45
50%
*45
4%
4%'
4%
4%
7%
82%
82
83
83
6%
91 ¥4
*89
•
*117 ¥4
118%
6¥a
7
91%
*88
*117%
144¥a
144
6%
3
Mar
33
preferred
—————-.100
Foundries Inc
10
>■■■ 6fo
/ ;• 340
145
145
143%
*9%'
1123/4 May
113/4 May
Jan
Jan
class B———.—
Common
5,500
63%
116 ¥2 July
Feb
Jan
"
Feb
Tobacco—
Nov
96
157/a Jan
29
& Teleg Co
Tobacco——
American
Apr
107
57/a Mar 16
..
.
111
Amer Telep
8,600
.2",800
Jun
July
2% Jan
—100
No par
——
Sumatra
Am
200
1573/8
62%
62
Preferred
500
24%
29
.
26
Refining———100
American Sugar
5,300
y;
,
27
27
157 ¥4
623%
1193%
Co—
Stove
80
Jan
59
68
No par
No par
No par
Steel Foundries—
Amer
900
•
40 ¥4
39
*119%
28
157%
62
62%
.
119%
preferred
non-cum
500
;
.
,
•
143%
42
6%
50
5,700
233%
15 ¥2
•
Jan
4% Apr 24
——100
—25
^-100
_———
45 ¥2
10
6
Apr 25
23
Jan
Nov
18 ¥4
53 ¥2 Jan
19
Apr
8
913/4 July
185 ¥2 July
59 ¥2
105
7
2 ¥4 Mar
100
18.50
American Snuff
400
:
25
.
16% Mar
Mar 10
14
No par
Ship Building Co—No par
Smelting & Ret'g—No par
Preferred
520
21¥a
*
"T
40
119%
120
*119%
62%
x62 %
62%
*62%'
*
}'- *21
625/a
62%
American
149
10 ¥4 Jan
Jan
24 ¥4
111
Apr
4
20
18 ; ? 1167/a Mar 13
"13
Feb
2
5
101 ¥2 Feb
100
—25
Safety Razor
Seating Co_
American
400
■
62%
•
700
155
108 ¥4 Jan
Aug
9 ¥4 May
Jan
Nov
168
Apr
134
25 ¥2 Mar 22
../
26
108 % Feb
—.—100
preferred
conv
;
-J
Jan
33/a
71 ¥2
5
Mar 21
9%
43% July
39% Mar 16
4
23
Jan
Sep
81 ¥2 Mar 23
18
No par
—1
& Fdy Co
89 ¥2 May
.177
68% Jan
No- par
No par
No par
Corp
.
5
"33 ¥a Apr
par
No par
Cable Inc
May 12
Mar
1
8
82
100
——
132
12
17P¥a Jan
preferred
50
Locomotive——No par
14 ¥4
16
23 ¥4
21 ¥a
39%
25
¥
25
preferred
4 ¥2%
1,480
65 ¥2
*15%
23 3%
15%
23%
*15%
23 ¥4
15%
*20%
10 ¥8 Jan
25
126 ¥2 Apr
Z-1
American Rolling Mill—
6,100
13
40 ¥2
*40
149
*39 ¥2
40
149
*15¥8
27 ¥2
27¥a
1543%
155
149
39 ¥4
39 ¥a
40
*39%
*149
154%
154 ¥4
-
37 ¥a
37
37%
37
154 ¥4
27%
27%
27
26%
-
155
*154
153%
*39%
65
'
65
65%
15%
14%
15%
*14
Jan
Preferred
175
Xl2%
13 ¥4
13 :■.
13%
*168
175
*168
175
"
13
13 %
127/a
13%
*168
175
*168
175
*168
*168
9%
1273/a
No
Amer Mach & Metals—
No
Amer Metals Co Ltd—.,——No
6% preferred
American News Co——
No
Amer Power & Light—
No
$6 preferred
No
$5 preferred
..—No
Am Bad & Stand San'y
No
10
;
*34%
34 ¥2
2%
2%
119
*118
119
119
120
*119
120
*119
4
Invest Co of 111-
Mach
Amer
2,400
120
25
Jan
37 ¥4 Jan
—No par
conv
7%
1,000
20 •%
34
120
5%
1,500
15 %
20%
*119
14
Jan
preferred——100
Internal
American
2,000
15 %
11%
•
Nov
Jan
preferred
American
50
4,900
90 ¥2
15 ¥4
15 ¥a
¥
200
.
7 ¥4
48 ¥2
16 ¥4
89 3%
15 ¥4
15%
*6%
48 ¥2
20%
21
61
4 ¥2
27%
preferred
$6
Amer
700
11%
11%
*33
7 ¥4
89 ¥2
88%
88%
89
6
17
47
15¥a Jan
42 % Feb
10
1
50
American Home Products-———1
American Ice—.
No par
6% non-cum preferred
100
1,200
6
*14%
15
*11%
*20%
*119
17
66 ¥4 Apr
3
SS Co
American Hide & Leather
6% conv preferred——.
1,700
8 ¥4
16%
16 ¥2
17
14
American Hawaiian
65
¥4
48 ¥2
*48
48%
16 ¥4
8
conv
$7
■:
,
800
,.
69 3%
*62
8¥s
*6%
7
*48
16 7/a
Jan
7-% Jan
Z $7 2d preferred A
41
5%
6
66
8¥a
8%
'.
7
*48
6
*63
5%
66
8%
-8%
*8%
8¥b
¥«
48%
15
2,500
454
83%
41
8
8%
i 500
22
3%
*63
*7
48%
100
■
25
4%
.43%
*4 5/8
4%
4¥a
800
t
8%
¥4
21%
66
6
66
*8
'
¥2°
34
69
*5%
*63
2%
2¥a
22
74%
*40
69
*40
10,600
28%
2%
29%
2¥a
*8%
4¥a
60
1
American
80
1
83
3%
3%
*3%
28 ¥4
28%
2%
4%
Dec
American Colortype
1,300
83
*33%
34
*33%
29 ¥2
28%
4%
4%
*4%
83%
29
%
1033%
*103
1033%
8%
25%
*25%
*103
2¥a
9%
25%
103%
27%
28
2%
10
183/a
Co
10
Crystal Sugar
.
10
6% 1st preferred
—100
Amer Distilling Co stamped
20
American Encaustic Tiling
—1
Amer European Sees—
No par
American Export Line? Inc__
-1
Amer & Foreign Power——No par
115¥4
*ll¥a
14%
103
76 ¥4 July
"Jan
100
115%
11%
14%
*2%
„Jan
—100
*11%
27%
52
18% Mar 16
.
No par
*115%
103
66
Apr 25
preferred—
14%
*103
Apr
16
American Chicle—,
11%
103
58
170
115%
103
34
330
115
103%
86 ¥2
233%
*14%
*103
Jan
Jan
112 ¥2
5%
Oct
Jun
2% July
23
& Fdy——_—No
non-cum
Chain &
Am
31 ¥2
x67
23%
112
*11
115%
7%
,
Jan
14
¥2 Mar 13
—100
—
1,000
Jan
13 ¥2
31 ¥2 Jan
——
Car
American
2,700
73 ¥4
%
21
97% May 12
*111 ¥2
23%
23 3/a
*110 ¥2
112
33%
73
17
40 ¥4 Apr
Apr 27
Cable & Radio Corp
Can
Preferred
*
390
33 ¥4
•
Sep
Jan
3 ¥4 Feb
12
Mar 29
Corp
Bosch
American
173
173
33%
723/4
23%
17%
4
27
preferred
5 ¥4 %
Amer
1,900
-.
Dec
43 ¥4 July
82
Brake Shoe Co—
7,600
8 3%
88 ¥2
97
Jan
————50
preferred
6%
90
131/
8
87 ¥2
173
335/a
73
-.
23%
23 ¥4
111
110%
*1293%
83/s
87 ¥2
34
72%
110
110
111
-
172%
172%
34¥a-
*73
23%
23%
23%
*23%
*109%
•
*34%
73%
73%
74%
*73%
173
173
88
131
8 ¥4
87 ¥2
8¥a
8¥a*86 ¥4'
34%
34%
34%
34%
173
*172
173%
173
86
•
*1293/4
131
8%
87%
8%
•
•
*129%
131
*129 ¥4
89
17
'63%
Sep
Jan
28 ¥2 Jan
1
50
Bank Note.
American
900
163/4
*62%
14
167/a
*62%
Jan
Jan
2
preferred—
Corp—No par
Amer Agricultural Chemical-No par
American Airlines Inc
10
14 ¥a
8%
8%
87%
•
40
19
Apr
Mar 21
100 ¥a Apr
17% Apr 19
Petroleum
Amerada
3,400
/.
977/a
105.
16 ¥2
26 ¥a
27
$ per share
Jan
733/4
5
24
6% conv
300
39
96
40
131
*129%
-
8%
8%'
■
*37 ¥2
14%'
40 %
40
131
*129%
17
63%
14%
14%
14%
40
64
64
63
17%
63%
63%
*27%
28%
63
*16%
17
63%
94
5
109% May 12
20
Jan 25
3
33 ¥a Apr
Ino
Amalgam Leather Co
1,300
39%
94%
39%
94%
96 ¥4 Jan
Highest
share
6 ¥4
17
14 ¥2 Jan
100
No par
$ per
$ per share
share
100
No par
Alpha Portland Cem
500
64
*38
63
-4%
5,400
18%
2%
$ per
No par
preferred——
Mfg
conv preferred
5%
Allis-Chalmers
3,600
2%
2%
63
35 ¥a
Corp
Allied Stores
100
100
34%
18%
40
94%
16%
*99%
35
Year 1943
Lowest
Highest
,
,,
Par
4,800
16 ¥a
16
16%
993/4
35
35
Shares
109%
*2%
*62%
16 ¥4
the Week
$ per share
share
Lowest
EXCHANGE
109%
18 ¥a
18
*38%
94%
*'62 %
May 12
*995/a
100
347/a
35
109%
18
$ per
16%
*99 ¥a
100
34¥a
109
17%
18
16%
16%
*99 ¥a
108%
35
109%
18
May 11
$ per share
share
16
16%
"99%
109
May 10
Range since January I
STOCK
YORK
NEW
Sales for
Friday
Thursday
May 9
May 8
May 6
$ per share
Wednesday
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Saturday
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1978
Apr 24
5% Jan 3
9% Jan 3
9 ¥4 Jan 3
60
Jan 4
" 21¥2 Apr 25
12 ■ Jan 4
43
Jan 24
xl5% May 12
15 ¥4 Jan
3
25 ¥2 Feb 15
3l¥2Jan- 7
105% Apr 26
8
Apr 25
31
Jan 11
113 ¥2 Apr 24
10¥8 Jan 3
10% Apr 25
33% Jan 13
18
.
21%'Mar 16
9 ¥4 Mar 22
17 ¥4 Apr
1
Mar
22
12
65
Jan
27
26% Jan 24
16
May 4
46 ¥a Mar
18 3/8 Mar
18% Mar
29 ¥a Mar
35
Apr
108 ¥2 Feb
11% Jan
34¥4 Mar
117
Feb
11% Jan
15% Jan
37% Mar
20
17
15
16
13
28
3
28
15
24
11
8
106
Mar
113 ¥4
Sep
Sep
68% July
Jun
Jan
123
7 ¥2
Jan
16
23/4
Jan
9%
Aug
28 ¥2
Jan
85 ¥4
Aug
3% Nov
6%
Apr
Dec
10%
Jan
20%
Dec
3%
Jan
10
Apr
6
Jan
14%
Apr
5 ¥4
Jan
12 ¥2
Apr
34¥4
Jan
63 ¥4
Dec
12
Feb
28¥4 July
Jan
15%
30
Jan
47
12 ¥a
Jan
5 ¥4
13 ¥2
Jan
23 ¥a
Jan
243/4
Jan
Dec
7 ¥4 Nov
105 ¥s
25%
Jan
93
Jan
9¥s
Dec
9y8 Nov
33
Nov
19 ¥4
Sep
Sep
July
20% Mar
x29
May
33% July
xllO
Sep
14%
Sep
33 ¥2
July
Aug
114
11% July
20 ¥2 Mar
39%
Apr
/
Volume 159
Number 4281
CHRONICL^
THE COMMERCIAL & FINANCIAL
1979
NEW YORK STOCK RECORD
LOW
Saturday
May 8
Tuesday
May 9
$ per share
$ per share
Monday
May 6
$ per share
*17%
17%
*54
55
V
*35
17%
*54
'
36
17%
HIGH SALE PRICES
AND
17%
17%
55
35%
$ per
17%
*54%
*35%
35%
17%
17%
58%
*
7 58%
120%
120%
120%
120%
42%
42%
42%
42%
*41%
18 %
8%
43
18%
18%
8%
8%
*17
18%
!
56
37
37
18%
58%
*18
58
.
*18
18%
8%
58%
8%
8%
,7
58
•.
13%
18%
18%
18%
18%
18%
18%
l.ioo
Black
8%
8%
8%
S 8%
8%
8%
3,800
Blaw-Knox
17
*17
16
*15%
16
*15%
16
*98
99%
*98
99%
13%
13%
rl3%:
13%
13%
13
13%
*17
17%
13%
13%
47%
47%
47%
47%
47%
47%
47%
47%
*48
90%
90%
*90%
91
91
91.:
90%
90%
*90%
*47%
48%
48
48%
48%
48%
48%
*39%
39%
39%
39%
39%
39%
39%
*109%
110%
109%
109%
*109%
30%
30%
30%
30%
30%
31%
37
37
37
37%
37%
37%
4%
*3%
4%
*3%
4%
*38%
*3%
39
39
14%
14%
*49
39
110
39
39%
39%
37%
36%
4
3%
*39%
40
*39%
40
14%
14%
14%
14%
51%
51%
51%
51%
9%
9%
*9%
10
9%
9%
*9%
9%
30%
30%
30%
30%
30%
30%
30%
30%
41%
*41%
42
41%
41%
*41%
42%
*44
45%
44%
44%
46%
20%
20%
20%
14%
20%
20%
*42
42%
*17%
*8%
-
17%
9
v
*119%
7
9
*119%
1203/4
83/4
119%
7
63/4
7
120
120%
122
-
6%
120
60 <;
19
19
*31%
31%
31%
31%
31%
31%
31%
283/4
283/4
28%
29% •29%
29%
29 3/i
*109
109
110
7%
73/4
109
19
'<
*109
110
110
12%
12%
12%
12%
12%
12%
4%
4%
4%
4%
4%
*4%
4%
503/4
52%
10
10
29%
29%
29%
29%
29%
29%
*62%
■v
2%'
2%
*26 3/4
20
27%
*55%
»56%
26%
*56
%
6%
17%
25%
25%
*37
*17
9
*37
*28
47
13%
149
77
*20 %
203/4
21
*20%
203/i
20%
26%
*17%
19%
19%
19 3A
*3%
33/8
17%
17%
17
5
25%
25%
26
*24 Va
109
108%
*28
150
46%
118
17%
17%
173/a
193A
19%
20 Va
3%
3%
3%
3%
111
117
*115%
*111
6%
*56
18
*173/4
25
25
77%
15%
*24%
110*
*173A
*24%
243A
110 %
110'A
■
27 -7
32
*30 %
32
*12%
12%
*12%
445/a
44%
7%
V 7%
15
1
6%
7
6%
7
6
7
54%
*16
55%
7
14%
45%
*45
52%
*14
3
*25%-
26
845/8
'77
85
18%
183/4
18%
104%
104%
*58 Va
59%
59%
59%
58%
9
83/4
83/4.
*83/4
8%
43
42%
44%
445/8
43
'
*162
-
—
777
*162
'
86
*83
180
88
*83
*83%
'
<7
183A
18%
105
105
58
>
•7
.
*8%
443/4
*16288
'
*83
16
17%
17%
700
46
45'A
45%
■77-7' 500
52 3A
*52%
523A
145/B
*14
14%
15%
*15
15%
2%
3
88
*43%
*162
*83
*162
*83
87
113%
112%
113%
*1123A
113%
40%
40 5/8
40%
405/a
403/a
40%,
108
*106%
93%
*91%
93%
*92
93%
*52
55
*52%
55
*52
55
*52
55
*52
55
343A
1~
87
*112%
40
*91%
152
.
113
*106%
343/4
•
40
94
34%
343/4
32%
35
35
*148
152
*148
3PA
152
32
35%
*149
108
32%
35 %
155
*106 %
32 3A
*35%
*149
*106%
108
,*92
.
*52
32%
33%
35%
150
7
35
*149
500
1,500
•
J 113
108
*147
,
.
40%
32%
6
a.—No
par
50
28
Feb
35% July
31 Va
105
9
Jun
May
109%
Oct
9%
Jan
15%
Jun
2%
28
Jan
6% May
41
Jan
75
6
21%
Jan
49
4
10% Mar 13
5%
Jan
10% July
8
29% Mar 13
20%
Jan
29%
Mar 27
68
52% Mar
May
Oct
Nov
2% Apr 25
12% Apr 18
15% Mar 16
9%
Jan
5Va Apr
18% July
67% Jan
•
3
80 % Apr
11
65l/a
Nov
83%
18
22% Jan
18
16
Jan
Apr
25% May
20
Apr
24% Jan
3% Jan
3
•
•
2%
Jan
22%
Jan
30% July
8
52%
Jun
56
% Jan
11
%
Jan
1% Mar
7Va Feb
28
6 Va
Dec
9%
Mar 16
28% Mar 11
56% Mar
3
53% Feb 24
Hecla
&
Copper——5
Cons
No par
5
—100
25
Ry__
——No
Mills
(J
108
350
par
'
*
Mar
55
Clev
'
32%
'•
7
35%
Cluett
27%
Dec
40 Va Mar 21
Jan
38
Mar
18
6%
Feb
45 Va May 11
36 V*
11% May
47 3A July
33% Jan
8% Jan
10% Feb
42% Apr
6% Feb
4
Jan
8% Mar 16
19
43 % Jan
4
97
28
Apr
109
30% Feb
Jan
5
Jan
97% .Dec
28
25%
3Va
Jan
31% May
5% Apr
39
Mar 16
32 Va
Dec
393/4
150
Mar 15
127%
Jan
50% Mar 13
44% Jan 12
Jan
40
Nov
Dec
147
Dec
54% July
24
26%
Jan
40%
113
Jan
2
122% Mar 16
96%
Feb
120%
Sep
11
Jan
3
12% Mar 13
8%
Jan
143A
Apr
17
Jan
3
18 Va Feb
16%
Nov
21
31% Apr
40 Va Jan
24
19% Apr 20
2% Jan 13
16%
Jan
1%
Jan
97%
Jan
Mar 13
111
Jan
21
May 12
22
31
107
1
3% Apr
Jun
July
23%
Jun
3% Mar
111
Aug
3
Jan
18%
Jun
20% Apr
19
26 % Mar
8
13
Jan
25
Dec
7% Jan
15
10% May 11
3
Jan
98
Mar
115
41
8
15
Va Apr 22
116
Mar 28
8% Nov
Sep
Apr
30% Feb
15
37 % Jan
4
X33
Jan
—1
4% Apr
19
6 Va Jan
25
3
Jan
73/8
Jun
Jan
72%
Oct
40
—
10
Oil-
-—No par
25
5
(The)
7%
gtd
Peabody & Co—
—
par
1
.—100
50
.—50
No par
No par
100
110 '
Mar 20
-
No par
No par
Bronze Co
Apr
46% July
X85
19
100
Pitts RR Co
9%
Jan
Feb
Products
Cotton
Jan
40
x4% Mar 14
24
146
May
Jan
4%
4
8
48% May
4
Preferred
.
193/4
Jan
19
Special gtd 4% stock
Molybdenum—
1,600
\
150
Nov
13%
29 Va
Apr
Climax
3,700
Xl3%
27 Ya Mar 23
Jan
preferred—
&
18
4
A
Apr
Apr
15'A Jan
23'A Feb
33
prior preferred
,——100Certificates of deposit
.—100
6%
•
May
—.——100
Clev Graph
1,300
7
77
6
4
Co——————25
I)
Clev El Ilium $4.50 pfd—--No
93%
% Jan
1
Zinc-Lead
——No par
100
100
5
No par
C. C. C. & St. Louis Ry. Co
100
5% preferred
———100
400
83/4
112%
32
Packing
preferred
Copper Co
Chrysler Corp
City Ice & Fuel
6%% preferred
City Investing Co
City Stores
Clark Equipment
350
7
43
42%
'
*923/a
32
Jan
Jan
Jan
5% Feb
43% Apr 25
•8% Jan
24%
20Va
13% Mar 16
3
—30
5
No par
—100
No par
Chile
6,500
58%
83/4 7
44%
•
*106%
■
-
tChilds Co
10,400
105
58%
58%-
160
40
;
19%
19 3/8
105
105%'
,
23,700
85%
8% 7 8%
.
-
7
25 Va
84 %
58%
9
—
25%
853A
*105
58 Va
44%
25%
18% ,■'•19%
18%
105
7
7:
2%
85%
Va
94
313A
J
13,900
500
25%
26
85
545/a
16
*92%
*106%- 108
Apr 17
12% Jan
3
54
Apr
8
Mar
110 Va Mar
107
Jan
Chickasha
523/4
2%
3Va
85
*162
.
preferred
Copper & Zinc_
34
24
30% Mar 16
27% Jan 25
4
100
7.
17%
112%
7
403A
May 12
400
7,000
15%
40%
112% 113
*40
43%
31
Chicago Great; West RR Co__——50,
5% preferred
:—
-50
Chicago & Northwest'n w i—No par
5% preferred wi_
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
4,100
v
-
543/4
*15
15%
253A
■
59%
183/4
105
14%
•
*15
3%
3%
15%
22%
14%
52%
52%
104%
*83/4
29%
100
conv
Class
1,800
23%
21%
*52%
46
'145/8 ■/
22%
223/4
*45%
45%
52%
233/4
22 3/4
15%
46
*15
6 V.'7
53/4
6%
2,800
54%
17%
183A
187/a July
Nov
Chesapeake & Ohio Ry
——25
Chic & East 111 RR Co—No par-
3,800
14%
*17%
16
*17%
105
Apr
Jan
16
Checker Cab Mfg_;
—-———5
Chesapeake Corp of Va
;—.—5
10,800
:
7
6%
14%
23%
7
55%
16
173/a
*14
■
15,
*6
6 Va
54%
163/8
6%
6%
7
15
/7v 15
44%
44%
443A
44%
44%
77,7 6% 7
15%
v
445/a
173/a
84%
10 Va
14%
Champion Pap & Fib Co
No par
6% preferred
—.—-100 :
12%
17%;
26
6% Nov
8% Mar 13
19% Mar 18
20 % Feb
—10
Chain Belt Co
600
2,400
*303A
143/4
84%
116% May
54 % Aug
4
;
Preferred
1
240
123/4
153/8
*25%
Jan
Nov
4
6%
•100
32%
*14 s/8
;
18
31%
*14
84%
•97/s May
76%
Jan
—i
Cerro de Pasco Copper—;
111
*12%
543/8
833A
,10% May
118% July
Jan
Bldg 7% preferred—100
Certain-teed
110%
123/4
54%
*25%
:/
Jan
Jan
43
Mar 14
62% Mar 13
19
Jan
3
18
Preferred
:
10
■
323/4
54%
3
124
1
1,000
24%
24
■
350
58
31%
54 3A
2%
98% Jan
No par
1,800
,7
59%
'
*173/4
18
18
.
4%
.•
*56
58
24%
22%
2%
4%
58
800
3,800
>
732%
32
58%
110%
110
23%
52%
800
23
23
*12%
:
44%
52%
40
"10
9%
10
*56
58
223/4
i;--'
6%
104%
27
7% Mar 13
47% Jan
7% Apr
Jan
17
No par
No par
1% 2d preferred—
;
100
Celotex Corp—
No par
5% preferred
20
Central Aguirre Assoc
No par
Central Foundry Co—
1
Central 111 Lt 4%% preferred—100
{Cent RR of New Jersey—
—100
Central Violeta Sugar Co
Century Ribbon Mills
No par
1,000
111
118%
.
;/
5,100
v.
3%
3Va
111
*116%
23%
143/4
19%
19%
3%
4%
:/'7
58%
23
15
120
5% Jan
par
14
10% Mar 13
Jan
—1
preferred
Case
1,260
32%
58
*17%
V— O CD £
17%
118%
58%
17%
17 Va
4%
58%
5
23 3A
52%
116
Jun
No par
Administration class A—1.
$3 preferred A__J——-—10
Carolina Clinch & Ohio Ry
100
Carpenter Steel Co„————5
Carriers & General Corp
1
1,700
32%
59%
*56
25
11%
*116%
117
22%
15
No
Watch
Cannon
730
10 '/a
59%
59
11 %
112
10
32%
58
118%
9%
23 Va
*52
8% Nov
% May 10
19% Jan
8% Jan
5
Celanese Corp of Amer.
10 3/4
22%
*14
par
Caterpillar Tractor
17%
3%
117%
*44 Va
Jan
;
2,500
24%
24
45%
37%
No
Forge Co—
7,000
93/4
23%
45%
46
____100
46%
*233/4
4%
16%
4
——-5
33
93/4
32»A
17%
40/4 Jan
July
44% May
Capital
110
24%
*115%
*16
Jun
44
—
Canadian Pacific
400
151
10 Vs.
223/4
7
30%
Jan
Campbell W & C Fdy
Canada Dry Ginger Ale_—
Canada Southern Ry Co-
200
8%
23
16%
Jan
33
Wheel-.
5%
5,400
10%
24%
17%
20%
42% Mar 15
(EG)
California
550
4%
22%
8%
23
*17%
32% Mar 21
14
'
35
23
24
*16
Apr
28
Jan
Terminal
500
10
7
43A
6%
12 Va
Jan
39
Byers Co (A M)___
Participating preferred
Byron Jackson Co
t
500
118%
20
20
*111
32%
*6 Va
10% Mar 17
27
Jan
5%
800
il 3/8
*17%
112
4
32%
118 Va¬
11%
934
7%
8% Jan
par
13
6%
5,000
28
*4%
33%
43/4
7. v
,
Nov
No par
No
Co
Bush
49%
34%
47
32%
118 Va
*8%
15%
73/8 4.
Nov
45
4
4,200
t:
108%
x46
47%
19%
123/4
15%
Dec
14%
Jan
17% Jan
Calumet
73/8
*150
33%
11%
223/4
44%
38%
Nov
20
May 12
42% July
20% July
Callahan
45%
73%
151
32%
32%
.
Jan
11%
52
—1
7 5% preferred ————100
Burroughs Adding Mach—„No par
100
28
4%
*150
118%
*110%
31%
28%
16% Mar 13
40% Feb
18%
23,700
108%
35
343/4
11 Va
3%
■
28%
4%
4%
35
47
118%
19%
31%
6%
33%
*17%
*12%
44%.;
15 Va
A
46%
32 %
110%
*7%
150
46%
118
17% 7
123/4
23
12% Jan
15
Jan
20
9%
*48
49%
28%
.4
108%
*4%
150
7%
108
34V2
149
1
*48
*28
4%
8 3A
24%
Feb
2.50
——5
Jan
2,300
39%
*44
45%
*73/8
49%
34%
11%
31%
44%
283/4
45
7%
108%
108%
4%
•
1093/4
40
37% Jan
Apr
9%
Butte
9%
9%
9%
45
*7%
34%
22%
17%
*12%
*44
11%
58
6'/a
29%
10
39%
40
*38%
10
*48
108%
*28
4%
35
59
24%
1093/4
*29 Va
443/4
7%
49
*7%
*48
39%
9%
4%
18
*17%
443/4
7%
*38
9%
32%
59%
*109%
39
9 %
4%
,
59% .59%
*58
39
9%
*32%
7
Jan
:
17%
257/s
lOVa
*115
32%
*4%
Jan
2%
Burlington Mills Corp
1,100
6'/a
17%
*8%
*10
117%
32%
6%
61/4
6
26%
22 3/4.
*115%
'
6%
17%
111
*110
July
26%
—No par
Butler Bros
.
Oct
39
Dec
10
Bulova
v
500
%
25%
3%
,;V
6
%
77
17%
11%
17%
9
553/4
*55
3/4
26
118%
23
6%
%
17%
47
17%
; 10%
553/4
*55
30
Mar 16
1,600
230
263/4
26%
263/i
263/4
^
3/4
25%
33%
11 Va
!«•
265/8
56
3/4
25%
463A
11%
*8%
26%
56
%
eiS
6%
118%
111%
263A
56%
Jan
July
,
"
149%
11%
*110
26%
*56
%
7
*20%
22%
110% May
31% May
96% July
Apr
1,200
/
■
35
43
Bush Term
203/4
33
47
118
"■
135/S
76%
13%
Jan
22
3,800
1,100
2%
2%
2%
13%
76%
4%
34%
333/4
333/a
*117
2%
*76
283/4
4%
35%
150
3
76
.V-
17
13
1,820
29%
29%
13%
49
*28
<iik
*2%
29%
*29%
:■
76
45
108%
28%
29%
*
300
10
97/a
51
40% May
Feb
18
Buffalo
1,300
V
51%
50
Jan
V2 Mar 13
5% Mar 22
Bullard Co
15,700
;;
65
*63
13%
73/4
*48
108% 108%
*4%
10
133/4
39
*44
7%
49
51%
10
76
9%
45
7
63
50%
,4%
17%
25%
39
9
*29%
63
10
9%
3
133/4
64
50%
50%
/
12%
45/8
Jan
Nov
38%
52
95
4
14% Jan
Budd
1,800
109%
12%
-v
41%
85
50% Feb
18
33% Jan 26
109% May 8
.
1,700
*753/4
6%
*6%
*i7Va
*2%
*63
1,000
29%
76
56%
%
y8-
*7 3/i
3
64
31%
20%
*753/4
20%
*62%
.
13%
13%
753/4
*48
64
2%
14
*20
31
56% May
Jan 26
88% Apr
46% Jan
Mfg.
;
No par
1% preferred—_100
$5 preferred
-No par
500
19%
21% Mar
39% Jan
Budd
900
*108
12%
4%
10%
753/4
7s/s
18%
X29%
110
12%
4%
51%
*13%
7%
11% Nov
No par
240
19
19
29
No par
2,220
Xl8%
75%
19
*18%
19
July
19% July
15% Feb
45
'
19
10
,
75/8
19
*18%
Jun
100
38% Mar 11
Bucyrus-Erie Co
7% preferred
6,700
^
60% ; 6i3A
31%
283/4
73/4
/
7
I2334
*120%
61%
60
12%
•••;
'■
6 3/4
19
Jan
3% Jan
Bruns-Balke-Collender
900
3,200
120
*119%
Jan
76
Brown Shoe Co_
100
83/4
8%
■
•:.,.
7%
49
:
8%
*119%
Jan
9%
25
Brooklyn Union Gas
4,200
.18%
18
18%
18%
:
,
18%
10%
23
42%.
*18%
48
*10
20%
42%
7%
64
*44
20%
8%
60
47%
10%
.
Bristol-Myers
'
:•
60
*62%
7
900
18%
28%
110
4%
:
18%
;
32
12%
46%
7%
18%
*109
46%
18
13%
Apr 10
16% Mar 31
34% Jan
Briggs & Stratton
18%
19
18%
28%
400
183/4
7%
18%
*31%
42%
V-
Dec
5
;
Bridgeport Brass Co—
Briggs Manufacturing.--'
42%
43%
11% Jun
(assented) _100
900
42%
4,200
193A Mar
Jan
40
98 % Apr
May 12
par
i
1
Bearing Co
r
21%
18
4
Jan
6%
121% July
4
13
No par
Airways Inc
:
20%
Jan
93 % Mar
-5
„
Brewing Corp. of America
9%
120
83/4
119%
59%
60
Braniff
31V
*42
16
-14% Mar 14
Apr
Jan
16
Mar 11
19
'/a
27%
9% Mar 18
5
500
9%
*46%.. *48%
3
•
6%
119%
120%
60
Roller
Bower
800
<
3
7% Jan
Jun
69
Jan
28% Jan
Corp
42
9%
16% Jan
—*^,100
Maine RR
&
30%
<
24
17
Nov
110%
lb
30%-
9%
30%
■
37% Feb
par
Jan
54
62% Mar 16
(The)
42%
*119%
6%
7
63/4
•
Co
8%
19% Mar 22
15% Jan 20
5
preferred
Boston
4,100
;
:
'
July
120% May
8
44% May 11
—j-i
20%
18
8%
120
<52
Borg-Warner
800
14%
52
Nov
38
2
Brass
Inc
Stores
Borden
:;
39%
14%
51%
Bond
4%%
•;
57
Jan
100
class A——
46%
*42
17%
8%
120
593/4
7%
42%
173/4
173/4
83/4
*119% 1203/4
59%
207/a
*42
*119%
120
i
17%
i
20%
42%
14%
51%
<■
Co
3,400
3%
14%
Aluminum &
Ami
6,400
36%
*3%
Feb
22%
4
Class B_
700
;•
V
O
36%
*41%
*42
31
4%
51%
47
X30%
31
37%
39%
:::
110.-.
30%
14%
*46
110
110
110
i
39
r
30%
*3%
Bon
1,500
110%
37
Bohn
,
330
39%
54%
56% Jan
No par
Sep
24
39% Mar 25
115% Feb
No
17%
56% Jan
No par
Mfg Co,
Co—
13% Mar
21
28
No pat
Bloomlngdale Brothers.:.
preferred
Boeing Airplane Co——
90
92
49%
Mar 13
19
4
53% Apr
100
Blumenthal & Co
700
'
92
49
39%
.-•30%
7
48
92
49
& Decker
Jan
Highest
$ per share
33% Jan
No par
Bliss & Laughlln Inc
;
2,900
7
17
$ per share
$ per share
■
70
,
20
13%
47%
•
•
99%
•
48%
110
39
49
200
/
15%
15%
49
*49%
52
*17
17%
900
17%
*98
13%
Steel (Del)—l
preferred
u
BigelowSanf Carp Inc
«
par
1
7%
800
:
A—No
Year 1948
Lowest
Highest
$ per share
par
Foods
44%
98%
17
Loan—No
Bethlehem
44%
98%
*15%
Best
44%
16
17%
6,500
43
98%
Lowest
Co—
42%.
*98
Range since January 1
,
Par
Indus
4,600
:
58%
Range for Previous
•
pfd $2.50 div series '38_No par
&
f
118%
*15%
>17
Pr
Best
700
118%
16
17%
2,600
r
119%
121
■-<
,
STOCK
■.
Beneficial
119
*119
98%
16
*98
77
57%*
:
58%
58%
58%
«'
YORK
EXCHANGE
v
18%
18
18%
18%
18%
'
120%
*42%
18
*54
37
NEW
Shares
17%
17%
•
56
36
for
the Week
..
$ per share
J
*54
56
35%
35%
17%
17%
17%
*54%
36
May 12
May 11
$ per share
share
-17%
56 ••••..'
17%
58%
*120
STOCKS
';/•
Sales
Friday
Thursday
Wednesday
May 10
'57
58
May
May
1
65% Mar 13
8
60
Jan
3
Jan
4
112% Feb
34% Mar
4
32%
Mar 29
18% Mar 22
27% Feb 24
17% Apr 13
23
108
27% Jan
<
4*
7
18;
Apr
19
5% Jan
3
11% Jan
3
193/4
Apr
18
Jan
24
July
Jan
109
vDec
8'/a
Jan
34
July
Jan"
50
July
13 Va Mar 16
48
16% Nov
99 %
11
44
Feb
Mar
6
333A
Mar 24
2%
Jan
9% May
18% Mar 24
7%
Jan
2Va
Jan
17% May
7% May
10%
Jan
217/a
Jun
Dec
9
Jan
4
21% Apr
25
7% Mar 22
25% Mar 22
28% Feb 24
51% Apr
18
57% Feb
4% Jan
18
3
,
24
6
Jan
16%
16 Va Jan
3
19% Mar 16
15 Va
Jan
22
38% Jan
7
45% May
36%
Nov
Apr
41% May
53
48
Dec
54
11%
Jan
153/4
Apr
13%
Jan
18
Jun
15% Feb 24
18% Mar 14
6
47
Jan
6
13
Jan
4
Apr 27
143/4 Jan 22
4
16% Jan
14% May
1% Jan
3
3% May
29
8
1
Dec
May
33/4 May
5
243A
Jaa
32%
77% Feb
7
86 Va Mar 16
67%
Jan
85% July.
14% Jan
5
19% May 12
107
Feb
5
10%
Jan
96%
Jan
27
Feb
25 Va May 12
104
Jan
12
56% Mar 28
28
65
Jan
Jan
4
6% Jan
12
9% Mar 17
*35% Feb
17
44% May 10
148
Jan
7
76
Jan
3
111
Apr 21
37% Apr 20
155
Apr
10
2%
Jan
32% Nov
123
Mar
Apr
153A Aug
106
Sep
63% Dec
8Va
Jun
39% July
145
Dec
67
Feb
115 % Jan
3
109%
Jan
41% Jan
25
28 3A
Jan
42%
Dec
101'A
Jan
108%
Dec
78% Jan 29
74%
Jun
1163/4 Aug
Jan
12
92% Feb 26
92 % Jan
10
84
Jan
92%. Sep
52% Mar 22
53
21
50
Feb
54
30% May
38%'Mar 15
106
Mar 27
34 % Apr
3
20
Feb
18
145
109
Jan
3 7 3A Mar 13
151
Apr 13
33% Nov
Sep
48% Mar
33 %
Jan
40
May
153
Sep
88
Jan
123
July
142
July
V
*
113%
114%
114%
66 %
67
67
113%
67%
115
67%
115
*113%
115%
*114%
67%
*66%
67%
.*66%
27
27%
27%
273/4
27%
27%
27%
273/4
27%
*106
106%
106%
106%
106%
106 %
'
26%
112
*27.:
27
*1113/4
*lU3/4
27%
112
27
*1113/4
17%
173/a
17
17%
*173/8
17%
173/a
17%
*19%
19%
19
19%
*18
18%
18
18
Xl7
16 3/i
27%
112
*106%
273/4
112
107
*106%
28
28%
112
*1113/4
115%
67%
27%
115
66%
273/8
107
*106 %
28%
112
*11134
27
For
28
40'
V'
112
1,700
10
17
16
17%
16%
16%
3,500
17%
173/4
17%
18
17
173/4
1,180
3/4
19%
19%
19%
20%
20%
20%
18%
20%
2,700
*173/4
18%
18
18
18
18%.
18%
18%
280
29%
30
30
30%
30%
30%
30%
30%
30%
30
30
30%
30%
30%
30 5/8
30%
*31)3/8
page
3,200
1987.
"
Coca-Cola
150
27%
*16%
*293/4
see
67%
108
17%
30
footnotes
700
17%
30
30
*29%
115
315/s
31%,
3,500
900
Class
A_
Co
(The)—
-—
No par
No par
No par
No par
Collins :& Aikman
—NO par
5%
conv
preferred
-100
Colo Fuel & Iron Corp
No par
{Colorado & Southern.:
100
4% non-cum 1st preferred—100
". 4% non-cum 2nd preferred—-10O
Columbia Br'd Sys Inc cl A
2.50
Colgate-Palmolive-Peet
$4.25 preferred
;
...
Class B
——
-2.50
Feb
26
62% Jan
11
111
23% Jan
6
103% Mar
2
25% Apr
25
109% Feb
29
T4% Apr
16
116 3A Mar 14
Oct
Dec
Dec
16%
Jan
12
xl03%
Dec
17%
Jan
109% July
28% July
Jan
114%
Jan
293A Mar 16
114
Jan
17% May
11
8
11% Jan
18% Mar 22
12 % Jan
20 % Mar 22
13
18 3A May
Jan
68%
25
61
28 Va Mar 16
67% Apr 29
108
3
108
133/4 Nov
2%
Jan
3%
Jan
3
26 % Jan
31% May 12
15%
25% Jan
30% May 11
15 Va
Oct
19% July
19
Sep
19%
Jan
26%
Jan
26%
Sep
17%
Jan
Sep
;
Dec
Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
1980
LOW AND
STOCKS
HIGH SALE PRICES
Saturday
Monday
Tuesday
May 8
May 9
May 10
$ per share
4
$ per
$ per share
share
4%
4%
4%
4%
4%
4%
15,300
80%
80%
*80%
81
80%
80%
80%
80%
1,200
6%
73
72%
72%
73%
73%
73
73
73
73
80
5%
88
87%
88
88%
89
89
80
89
89
700
*72
88
*86
4%
18
*17%
*43
4%
17%
17%
44 %
43%
43%
39 '/2
39%
39 %
39%
39%
39%
39%
*106%
110%
*106%
110%
*106%
110%
*106%
110%
*43
42%
42%
42%
15%
15%
15%
15%
15%
81%
39%
110%
*106%
110%
42%
42%
15%
15%
15%
15%
H
%
U
%
la
83%
82%
82%
83
>.
26%
25%
26%
26%
11
11%
*10%
11%
♦10%
23%
23%
23%
23%
23%
23%
23%
23%
27
27
27%
27%
27%
27%
27%
*27%
preferred
107%
*106%
Commonwealth
9,100
.27%
107%
*27
27%
*27
11
*10%
11
25
'2,900
.
500
30
107%
106%
106%
*106%
107%
*106%
107%
*106%
3%
3%
*3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
1,000
21%
21%
15,300
104%
104%
2,300
4%
16,600
Consol
21%
16,000
$2 partic preferred
Consol Laundries Corp
21%
21%
21%
21%
21%
21%
21%
21%
21%
104%
104%
104%
104%
104%
104%
104%
104%
104%
4%
4%
4%
5%
5%
4%
5%
20%
20%
20%
21%
22%
21%
22%
21%
104%
'
5
21%
5
5':
4%.
.
21%
21%
21%
"
*•
$5
33,600
9%
9%
10%
10%
10%
10%
11%
10%
11%'"
xio'A
io%
29%
29%
29%
29%
29%
29%
29%
29%
29%
29%
29%
6,500
Consolidated
12%
13
12%
13
12%
12%
12%
12%
12%
12%
12%
12%
4,500
1
$1.25
pfd
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
1,900
15%
14%
14%
14%
14%
15
15%
15%
16
14%
15%
5,000
Consol RR
15%
15%
15%
15%
*15%
15%
15%
15%
15%
17
16
16%
2,700
47
47%
47%
48
48
48
*104%
104%
104%
8%
106%
36%
36%
36%
36%
36%
*105
106%
*105
104%
22%
*47
8%
11%
11%
11%
11%
44%
44%
44%
5%
5%
5%
5%
32
31%
31%
31%
32%
31%
*25%
26 %
*25%
25%
*25%
25%
13%
*13%'
13%
13%
13%
12%
*40%
41%
40'A
40'A
*40%
40%
40%
40%
31%
12%
*11%
11%
11%
49%
11%
11%
51
50
*49
18%
11%
11%
*49
50%
18
18%
18
.
•
11%
18%
18%
47%
47 %
47%
47%
47%
47%
54%
54%
54%
55%
54%
15
106% Mar 21
91%
Jan
5
5% May
8
22% May 10
%
Jan
13
7%
Jan
11% May 11
30% Apr 11
174%
174%
5
5
2%
2%
2%
22%
175
2%
22%
107%
-
5%
•
*2%
23%
107%
22%
107%
23
107%
175
5
5
5
5
2%
*2%
22%
107%
*174%
175
107%
22%
Corn
Exch
Corn
*5
.
*21%
22%
21%
21%
22
22
22
22
22
22
21%
22 V
900
18%
18%
18%
18%
18
18
18%
18%
18%
18%
18 '
18%
1,000
31%
31%
30%
31
30%
30%
*30%
31
46%
46%
46%
46%
47%
*47
47%
16%
99
99
99
47
47
16%
16%
99
16%
16%
30%
*30
99
99
99
99%
30%
30%
30%
77%
77%
78
24
24%
25
16%
*30%
30%
30%
30%
30 %
*76%
77%
77%
77%
*76%
23
22
23
23
13%
26
25%
25%
25%
13%
13%
125
116%
*116
116%
*116
26
16%
130
*120
130
*119
116%
*116
13%
13%
13%
13%
150
*119
22 %
*47
116
25%
24%
98
29%
30%
24%
78
78
24
25
24%
14-
'
24%
116%
24%
24%
24
24
*23
24
V
106
106
106
*104%
5%
5%
5%
5%
5%
24
24
24
106
24
106
*23%
24
*23%
106
*104%
106
104%
5%
:
105
5%
103%
103
103
104
104
105
43
43
43
43
*43
43%
5
5%
5
16 %
.16
*111
114%
*111
*22
22%
5%
5
5%
16%
16
16%
114 %
♦111
114%
5
16%
*111
,
22%
22%
22%
22%
16%
\
42%
22%
;
5%
-n;
104%
5%
5%
*103
103%
114%
42
5%
5
16%
16
*111
16
42%
114%
*111
1,100
42
18,500
5%
16
No par
.——No par
5
1,400
14%
•
*14%
14%
14%
14%
*19%
25
7%
*7%
25
*19%
14%
14%
7%
7%
25
*19%
7%
14%
14%
*7%
7%
100
'14%
15
6,200
15%
39
38%
39
38%
39
38%
39
4,400
Deere
33%
*18
18%
27%
18
*18%
18%
18%
18%
20Q
27%
28
27%
27%
26%
27%
6,100
8%
7%
7%
7%
7%
19%
19%
19%
19%
55'A
55%
*55%
19%
19%
19%
58
*55%
57
33%
33%
*33
33%
30%
30%
30
39 %
39%
15
14%
15
34
34
33%
35%
96%
96%
*96%
97%
7%
33
33%
30
39%
15
*33
30%
*39%
30%
30
36%
34%
*96%
97%
*961%
16%
16%
44%
*44%
>; *37%
22%
22%
22%
22%
120
120
108%
108%
*107%
1~%
*12
*118%
•
34%
32%
34%
22,900
*96%
16
44%
44%
44%
38
38
38
22
48%
48%
22%
22%
48%
48-
16%
.37%
300
600
"
22%
21%
22%
6,200
48%
48
48%
1,800
120
Distil
500
120
5%
Dixie
9'/a
Jan
14% May 10
7%
Jan
14 y2
Jun
Feb
115%
Dec
92% Mar
106%
Jun
10%
Jan
25% .Oct
4
18
Jan
26%
106% Feb
11
100
Jan
6% Jan
6
1%
Jan
Jan
12
30 y2
Jan
47% Jan
12
17
6% Jan
7
100
pfd
*119
120%
108%
*107%
108%
*107%
108%
900
33%
33%
31%
33%
3,700
9%
10%
10
10%
9%
8,000
Dunhill
12
12%
120
y
*118%
143%
143%
143
143%
143%
143%
143%
'124%
125%
124%
125%
124%
124%
124%
118%
118
118
117%
118
118
*11%
12%
400
12%
115
118
Jan
25
3
117
.6% Jan
21% Jan
Jan
20
113% Apr
116
Oct
Dec
45%
Dec
9% Apr
24% Mar
119% Nov
3
96
Feb
4
15%
Jan
3%
17
14
>
12-
15% Mar 10
17
Jun
7% May
Jan
5%
7% Mar 20
4
19% Mar 17
'13% Apr 18
xlll% Feb
Jan
24% Mar
107
14% Nov
17% Mar 23
21% Apr 28
1
100
26%
Jan
Jan
•
7%
Jun
Oct
;" 19
Mar
19
Jun
Jan
•
108% Jan
12
.
Sep
116
Jun
26% Mar 13
10
Jan
24%
par
36% Apr
18
41% Mar 22
26
Jan
43
32 % Apr
18
35
13
29
Jan
36% July
17% Jan
17
Mar 10
12
Jan
20% May
17% Jan
3
31% Mar 27
8%
Jan
17%
9% Mar 22
3y4
Jan
Mar 23
16%
Jan
10% May
22% July
5V
5% Jan
12
Feb
3
29% Jan
5
No par
No
par
25
52
x29 % May
12
38% Mar 31
2
13% Jan
11
No par
X27% Feb
29
100
95
Apr
14
Jan
X20
3
18% Jan
20
56% Mar
,
40
3
:
Mar
48 %
Sep
July
Dec
Apr
17%
Jan
35% July
32% Jan
31
26
Jan
33% Mar
Feb
8
37
Jan
42% Nov
36%
41
Mar 23
6
8%
9
21%
Jan
Jan
25
83%
Jan
16% Feb
24
10
Jan
15% Apr
36% May
100
17
Jan
35%
100
May
Oct
Dec
16% July
—No par
15'A Jan
43% Jan
5
45
27
38%
Feb
45
July
No par
33% Jan
4
41% Apr
5
22%
Feb
34
Dec
No par
21% May 12
25% Jan
17
15%
Jan
25%
No par
47% Apr
57% Feb
25
44
Nov
73% May
Jan
5
122 %
3
20
131
Apr
No par
114% Apr
No par
No par
106% Jan
7
109% Mar 31
28% Jan
21
34% Mar 13
1
$4 preferred series A
8% Apr
International
No par
100
Du P de Nemours (EI) & Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd
100
12
12%
120
*118%
120
*118%
120
144%
143%
144
143%
144
124%
*124%
125%
124%
125%
800
118%
*118
118%
118%
118%
200
4,200
Eagle-Picher Lead
2,800
Eastern Airlines inc
l
Eastern
3
4,200
Apr
20
Dresser Mfg Co
*11%
4
25
50
Dow Chemical Co
120%
*118%
Jan
5% Apr
10
Douglas Aircraft
33%
12%
101
100
Dome Mines Ltd..
*119
120
105
125
20
Co
*108
120
9
24% Mar
(The)
A
33%
9
827/8 July
22% Aug
28% Mar 10
No par
Cup
Class
108%
9%
Nov
X66
Oct
July
80 % Mar
1
Corp
Doehler Die Casting Co
120%
9%
38
29% Mar 15
preferred—
32%
10%
Dec
3
8
25
Corp-Seagr's Ltd
108%
33
27%
4
preferred
partic
120
32
33% Mar 16
18
Diamond T Motor Car Co
140
37%
44%
■
8%
100
44%
*16
16%
*16
97%
*96%
97%
38
118%
118
2,800
4
20
4
No par
Match
Diamond
108%
*11%
12%
14%
99% Aug
22% Jan
pfd
Devoe & Reynolds A
120
10%
10%
9%
118 %
31%.
32
31%
38%-.:
22%
48%
48%
48%
*
22
14%
16
44%
38%
15%
44%
16%
44%
38%
.-
29%
Jan
10
Detroit Hillsdale & S W RR Co__100
400
34%
97%
38%
2,600
38%
15
35%
44%
29%
38%
*38%
35%
30
81%
22% Jan
Lack & Western
19%
170
Mar 14
100
May 10
116% May 10
Hudson—
Delaware
v
Oct
17
4
Detroit Edison—
*29%
29%
39%
&
5,300
55'A
47
Jan
25
Delsel-Wemmer-Gilbert
Delaware
9,700
33%
Oct
Jan
11 %
Jan
.
7%
39
30%
15
*38%
Preferred
19%
55%
31
37%
Feb
No
7%
33
Jan
27
17% Mar 20
11% Feb
—100
Co
&
19%
56%
18%
47% Jan
106
Inc
7%
33
33
15
38%
49
19%
*55%
15%
*44%
48%
19%
56
14%
16
7%
33
39%
*16
16
7%
*38%
,
33%
*33
18
7%
33%
33%
33%
28
27%
*55%
33%
33%
27%
34% Mar 22
3
9
23% July
20% Jan
No par
Dayton Pow & Lt 4%%
700
18%
33%
33%
*18
18%
28%
1
Jan
23% Mar
Jan
9
21% Mar 16
3
Jan
112
—
Chemical
38%
16%
May
30
preferred..
39%
.95
6
15% Feb
27% Feb
45
Jan
Davega Stores Corp
Davison
9
Mar 14
Apr
6
—.5
Cutler-Hammer Inc
38%
33%
108% Aug
25
39%
27%
Jan
23% May
24
39
*18
Jan
Jan
20
25
Decca Records
*33%'
14%
2% May
22% July
15% Apr
20
Sep
Jan
Jan
Apr
1,500
Apr
61 Va May
186%
ii
Apr
24%
47
Dec
2%
5
112%
Jan
22
41
24%
*112
Jan
53%
173
29
Apr
Aug
17% Aug
22
1
24%
112%
Feb
53
Dec
37
13
58% Mar 14
Jan
137/a
3% Jan
No par
24%
*112
48% Apr
183
15
45
6% Jan
No par
5%
x9% Jan
4
11
-100
preferred;
24%
112%
Jan
19% Jan
6
69
Curtiss-Wrlght
24%
"112
27% July
3
97
25
112%
Jan
Mar 15
—100
(The)
*24%
'112
18%
•
10
preferred—
24%
112
37% July
100
—100 ;
Inc.
24%
112
Jan
Jan
Jan
;
preferred
25
112%
25%
1% Jan
5
28
preferred
24%
*112
22
50
10
$7 preferred——
'
25
,;,*19%
25
44% Jan
97% Jan
'
*19%
25
*7%
7%
*7.
7%
*19%
Sep
7y4 May
13% Mar 20
4
3
52% Apr 28
173% Apr 29
No par
Sugar.
Cushman's Sons Inc
22%
Jun
49%
Jan
43
Mar 20
47
No par
4,600
114%
22%
22%
22%
22%
25
10% Jan
15% Jan
Prior
90
103%
*101%
104
5%
.
20
Co—
•
16
5%
15%
Jan
15% Mar 15
5
—50
1
preferred—.
preferred
4% %
j
Jan
28% Mar 13
Zelierbach Corp.
Curtis Pub Co
7
4y8
16% Jan
120
Jun
19
Cudahy Packing Co
4,500
Sep
36%
40%
No par
Press
110%
3
24
Cuneo
Jan
26% Jan
Jan
109
conv
96
9
6% May 11
3
5% %
Jun
13% Mar 16
46
7
7
7%
Oct
Jun
11%
-12% Apr 24
38% Feb 29
Corp
$5 conv preferred
107
23%
33% Jan
100
preferred
Jan
Aug
Jan
14
Refining
Cuban-American
400
5%
5%
-
42%
43
Trust
Dec
Dec
16
Jan
29% Apr
24% Apr
No par
*
18%
47%
16
3
Cuba RR 6%
1,800
24
10
Jan
x4%
38% Mar 16
20
10
25
116%
32% Feb
Oct
Feb
109
5
18% Feb
5%
Sep
Mar 10
18
No par
No par
Crucible Steel of Arner—
25,800
24%
*116%
116 %
105% May
104% Jan
2,700
116
10
25
j
3,080
150 ■<
*120
'
*104%
400
29%
,
Jan
89
23% Mar 28
100
2
500
>■"
15
27
20
5
Crown Cork & Seal
1,100
14%
13%
14%
150
*120
.
Feb
7% Jan
-
5 % Jan
Co
$2.25
'
7
2
10% Apr
42'A Feb
conv
Crown
3,200
:
104% Feb
1
400
98
79
*78
14%
16%
98
30%
125
47
5
5
Crosley Corp (The)
900
30%
16%
30%
x98
■
30%
47
>
16%
16%
16%
102% Jan
preferred—_
Cream of Wheat Corp (The)
5%
;8
4%
21
1
1
Crane
200
Feb
33% Jan
21
48% Feb
1
Inc
Coty Internat Corp
16,600
107
106%
17% Feb
4
$2.50
Coty
1,700
2%
23%
22%
23%
107
700
29
20
Preferred
140
5%
/
*2%
2%
22 %
107'
V:
176
175
16% Mar 10
4
Jan
Jan
20
Electric
Products
5%
2%
2%
107
120
4,900
176
5%
22%
107
47%
55%
12
15
No par
Corp—
Bank
47
12% Jan
No par
prior
54%
Jan
45
100
Cornell-Du oilier
24
100
Inc
Bessemer
47%
*175
'
pfd
Oil of Del
55
54%
5%
120
3,100
.
2%
27% Mar
preferred
Copperweld Steel Co
Conv pref 5%
series
:
17%
3
Nov
Continental Steel Corp.-
1,700
11%
49%
*17%
18
*47
175
11
50
7% Jan
July
3% May
19% May
17%
Cooper
$3
•;
105
/
,
23
500
'
49
11%
11%
55
*173%
41
17%
47%
54%
17%
41
vvv
24% July
109
22% Feb
200
41
v:
Sep
6% Apr
Jan
3
400
12%
Dec
15%
18% Jan
Continental
26%
Jan
3%
4
21% Mar
4,600
12%
*49
50
18%
54%
*47
/' *25
-
90
5
Jan
2% Jan
Motors
25%
11
Jan
Nov
32'A
31%
31%
Jan
4
23
;
16% Jan
Insurance..
12%
Jun
24% Nov
107
27
102% Jan
Diamond Fibre
12%
Jun
25
Jan
Nov
Continental
41
■
11
Jan
10%
9%
Continental
25%
.
Jan
12
24%
Continental
11%
45
6
2%
17%
29% Apr
10
24
800
11%
44%
6%
20% Jan
27
24% Mar 11
15% Feb
2,700
11%
45
6
11% Apr
27
3
48,700
11%
44%
6%
10
,8% Feb 23
.
17
Corp of America
Continental Can
2,900
3
July
23
preferred
8%
Dec
27
11% Jan
6%
11%
31%
*49%
300
36%
36%
36%
;
82
Jan
1
Continental Baking Co
45
5%
26%
:
Container
8,300
36%
36%
*13%
:
2,900
8%
11%
45
5%
'
11%
44%
5%
31%
23%
8%
107
Jan
24% Jan
i.
—15
pfd
23%
45
11%
$4.50
Pow
8%
107
36%
21 %
25
23%
107
87% Mar 11
26% Apr
50
104%
*106
3
3% Feb
preferred
Consumers
Jun
July
iy8 May
Jan
79
_
6%
8%
106%
44%
*25
370
Cuba
104%
8%
*105%
36%
104%
$2.50
of
22%
23
8%
36%
400
>
conv
104%
104%
106%
8%
8%
8%
8%
*105
23
23
104%
23%
104%
104%
22%
23
23
47
47
16
Jan
21% Feb
Consolidation Coal Co
*46
Jan
a92
104% Jan
Gas.
20%
48
9%
Mar
% Jan
1
——No par
Natural
*14%
*46
7
3
16
18
Jun
107% Sep
>3 Feb
5
Consolidated Vultee Aircraft
t
44%
1
9%
20%
Jan
par
Industries—
29%
44
Jan
Jan
29%
No par
.5
preferred
Film
Jan
11
1
N Y
Apr 19
41% Mar 18
% July
41
July
45% Jan
No par
Consol Edison of
19
30%
44
3
No
Consol Coppermines Corp
Jan
9
15
21"% Jan
preferred
prior
6% %
♦106%
98% July
25%
No par
No par
;
Oct
Jan
104%
100
Congoleum-Nairn Inc
Consolidated Cigar
Sep
73
10
14% Apr
Nd par
Conde Nast Pub Inc„_
400
,
Jun
77%
106% Jan
25
Co
5%
Jan
11
105
No par
Edison
Jan
Feb
37% Jan
.100
.
9
40% Feb
10
$6 preferred series
2,600
83
11
26%
39% Jan
No par
.
No par
24
26
24
19% Mar 16
Commonwealth & Southern__lVo par
23%
26%
16% Apr
Commercial Solvents
*10%
26%
par
Mar
Jan
79%
90% Mar 25
10,100
11
26%
14
22,900
24
26%
Feb
No par
11
26%
84
Comm'l Invest Trust
23%
26%
par
tt
81%
83
80
No
Co
1%
40 %
85% Mar 14
7
$ per share
37
6
3
Feb
3,600
%
5% Mar
25
Jan
70
Credit
conv
Apr
Highest
$ per share
$ per share
76
15%
15
42%
4%%
4
100
100
Pictures
Commercial
Lowest
No
Carbon
preferred.
$2.75
300
3,700
42%
41
15%
82%
81
18
43
39%
42
%
%
\k
82
18
43
*43
■V
43%
42%
43
Columbia
$ per share
No par
preferred series A
preferred
Columbian
1,200
18
39%
*106%
39%
*17%
-
.
43%
18
44
18
*43%
D
39%
18
44%
*17%
%
Columbia Gas & Elec
4Va
80'A
73
82
*
Par
Shares
$ per share
4
80%
*86%
$ per
share
Year 1943
Range since January 1
Highest
Lowest
EXCHANGE
80
4'/8
80%
*71 %
$ per
share
Range for Previous
NEW YORK STOCK
the Week
May 12
May 11
-
Sales for
Friday
Thursday
Wednesday
May 6
Monday, May 15, 1944
Duplan Corp
8% preferred
11% Feb
26
19
11
116% Mar 28
Sep
Nov
153
Xl06%
Dec
107% 'Dec
16
May
Jan
35%
5%
Jan
10%
Dec
13% Mar 17
9
Jan
13%
Apr
5
115
Jun
122%
12% Feb
117
Apr
2
Jun
Oct
Feb
7
148% Mar 13
134
Jan
159% July
124% Jan
11
128% Mar 24
124
Dec
130
137
117% May
9
121%
Sep
Nov
11%
Dec
Jan
44% July
Jan
8% May
115% Dec
120% Jan
20
12
1 Jan
20
9%
39
Feb
28
31%
9% Mar 16
3%
146%
Aug
E
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
*35%
36%
36
36 %
36
37%
37%
38
37%
37%
37
37
*7%
7%
7%
7%
7%
7%
7%
*7%
*160
162
*160
161
182
182
*180%
*7%
183
44%
44%
•
17
40%
10%
44%
44%
17%
*17
17
40%
40%
41%
10%
10%
161%
*180%
V
10%
*43%
*17
161%
182
*160
182
44%
44
.
7%
162%
182
44%
17%
41%
10%
17%
17%
41%
41%
41%
10%
10%
10%
*
7%
161%
163
163%
500
183%
*180
183%
44%
17
44%
44%
17
41%
10%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%1
4%
89%
91%
89%
86%
87
85%
87%
85%
89%
86%
89%
85
91
86
4
.
88%
91%
86%
84%
87
10%
1,900
300
5,100
3,500
4%
800
4%
*4%
4%
4%
41%
10%
10%
4%
17.
41
17%
41
44%
4,300
91%
Feb
7
24
Jan
3
Edison Bros Stores Inc
2
Electric
Electric
$8
3,900
39%
39%
39%
40%
40%
40
40
*40
40%
800
Electric
30%
30%
30%
30%
30%
30%
*30%
32
500
El
62%
61
61
60%
60%
60%
60%
60%
60%
500
Endicott
*105%
106%
*105%
106%
105%
105%
70
12%
12%
12%
96%
*96%
99
99
-102%
102%
12%
12%
12%
12
12%
96%
97
96%
97
97
97
99%
*102
%
12
97
11%
99
99%
102%
101%
%
%
%
99
99%
99
99%
-
12
4,700
96%.
12%
99
96%
1,990
99
>
940
99
101%
102
%
101%
101%
101%
101%
101%
890
*%
&
11
%
11
41
4,800
3
Boat
Storage
Paso Natural
4%
..No par
..No par
._No par
Battery
16% May
37% Jan
10
Apr
3% Jan
Am shares.
preferred
30%
5
(The)
$7 preferred
30%
-96%
Auto-Lite
Elec & Mus Ind
39%
105%
Co
preferred
Electric Power & Light
*60%
105%
3
Jan
62%
106%
25
41
30%
106
28
Apr
6% Jan
157
40%
106
33
175
cum
30%
106
10% Feb
4
6%
*39%
*61
10
Co
Mills
100
Eastman Kodak
5,100
87
Rolling
Eaton Manufacturing Co
100
4%
90%
300
161%
4%
90
.
*180%
4%
91
.
7%
1
Jan
170
May
7
X173
Sep
184
Jun
44% Mar 17
35
Jan
45% July
18% Mar 16
11%
Feb
19
8
30%
Jan
39% July
167% Mar 31
183
Jan
4
41% Mar
18
11% Jan
4
22
4% Mar 15
1%
footnotes
see
page
1987.
Sep
Mar
5% May
Jan
6% May
Apr
18
1%
Jan
25
5% Mar
99% Mar
6
81% Apr
3
3iy4
Jan
92
Apr 24
94% Mar
4
28%
Jan
88% Nov
4
78
Nov
28
33%
Jan
'42%
par
3
27% Feb
7
31% Mar 23
23 y4
Jan
X32
50
-No
Gas
Johnson Corp
57% Jan
25
63% Mar 13
49%
Jan
17
101%
Dec
103%
Dec
3
2%
Jan
9%
Sep
39% Apr
28
43% Feb
107
Apr
Sep
Sep
58% July
100
Engineers Public Service
$5 preferred
$5% preferred
$6 preferred
{Equitable Office Bldg
101% Jan
19
I
8% Jan
3
13% Mar
Jan
3
98% Feb
54
Jan
92
87
preferred
Sep—
89
Jan
3
99% Mar 18
57%
Jan
92%
Sep
5
62%
Jan
96
Dec
12
y4
Jan
-No par
_____
-No par
.No
par
92% Jan
10
% Apr
25
102% May
% Jan
28
.t it ns
For
14
8% Nov
1% Mar
too
*
Number 4281
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND
Saturday
$
Monday
May 6
May 8
$ per
per share
11 %
11%
HIGH
Tuesday
May 9
/'
$ per
share
•
■
share
SALE FEICES
V.'
Sales for
the Week
.
Wednesday
May 10
Thursday
May 11
$ per
$ per share
'•■/■
share
Friday
May 13
$ per share
Range for Previous
Shares
Par
11%
11%
11%
11%
11%
11%
2,200
11%
11
11%
11
11%
11
11%
10%
11%
10%
11%
8,200
Ctfs of benef lnt
56%
56%
57%
57%
58
57%
58
57%
58
56%
57%
3,473
5% pref series A.
"80V4
85%
85%
*80%
85%
—
7%
6%
7%
1,100
*80%
85%
.*80%
85%
7
7
7%
7%
7%
7%
11
11
*10%
30%
30%
*3Ve
3%
38%
21%
11%
*80%
*80%
85%
*7
7%
*7
11%
10%
11
11
11
10%
10%
10%
10%
1,500
30%
30%
30
30%
30%
307/a
30%
30%
30%
30%
3.900
*3%
3%
3%
3%
*3%
3%
*3%
3%
3%
3%
300
38%
38%
38%
38%
38%
38%
383/4
X38%
38%
38%
22%
21%
21%
21%
213/4
22
22%
22
22%
x213/4
11%
*15%
11
11%
11%
11%
11%
11%
11%
11%
11%
16
*100%
15%
101%
19%
19%
19%
*18
18%
*18%
6%
6%
*24%
24%
*97%
*15%
15%
102
*1P1
*101
20%
*18
18%
21
18%
6%
6%
6%
7
101%
25
25
25
97%
97%
97%
97%
,
*153/4
18%
16
*101
1015/a
21
21%
183/a
7
*243/4
97%
97
97
'
19%
19
19
19%
19%
19%
19%
*19
49%
48%
48%
49
49%
49
49
•49%
-44%
44%
44%
44%
44%
44%
44%
443/4
105%
105%
9% Jan
4
9% Jan
3
13% Mar 22
3
50
78% Feb
15
59% Apr 11
78% Feb 15
Erie & Pitts RR Co
Eureka Vacuum Cleaner
Evans Products Co
1
Ex-Cell-0 Corp.—
5
—3
-.2.50
Exchange Buffet Corp,
Fairbanks Morse & Co
105%
38
38
37%
19%
19
107%
107%
*108
1%
1%
19
37
37%
19 Va
109
*108
106
106
38%
19%
109
1%
*27%
*36%
28
*27%
1%
No par
;
Enamel
5
—
44%
4,300
Xl05%
105 »/2
700
38%
800
6%
37%
36%
363/4
28 Va
*27%
28 Va
6%
47%
*46%
47%
*465/8
12%
12%
123/o
12%
48
12%
123/a
*12%
*56
56%
56
56
*55
55%
*55
*21
21%
21%
21%
21%
213/a
*21%
21%
21%
22'/4
*22 %
22%
14%
91
*89
91 ://:■■.
31Va
*31
31%
31
3%
ft
33%
10811
*105 Va
33
*108
3%
*3%
-
3%
3%
29
29%
29
17 y4
*17
5
5
14%
14%
*53'/a
54
*53%
*11%
12
11%
*105 %
107
42%
♦106
42%
7%
8
*8%
4%
4%
*36%
37%
600
28 Vs
*27%
28 Vs
6
57/a
48
47
123/4
21%
21
22%
22
15%
*143/4
*86
31%
33%
33 Vs
33%
360
1,300
55%
400
21
*215/8
15
14 Va
91
33%
*108
33 %
10811
105%
3%
*108
ft
105%
10811
*108 A
105%
105%
3%
3%
3%
108 SI*
ft
105 3/4
105%
3%
3%
*125/8
1,500
Gabriel Co
3%
3%
2,000
Gair
*13%
14%
100
29%
29%
*29 %
295/e
29%
29%
28%
29 y8
350
Gamewell
17%
*17
17%
17%
17%
17%
100
Gardner-Denver
*17
5
5%
5%
*17
5%
5
5
5%
7%.
General
147
8%
42%
43
43
9%
8
8
7%
7%
147%
147
147%
148%
148%
9y8
9%
93/8
42
95/8
7%
3,700
1493/4
40
9%
7%
*148
3,500
*4%
4%
*45/8
13%
*12 5/g
*90 y4
91
*l'/4
4%
43/4
8%
43/4
45/8
600
13 y8
125/s
125/8
12%
500
903/4
90 %
91
90%
45/8
91
460
26 J/4
26 y4
400
*113
*147
148 y2
100
114
27%
X27
27
148%
147
148%
114
114
2%
3
*113
*107%
110
*107%
110
*107%
110
*128%
129%
200
59%
33,800
58%
59%
59
128 i/s
128%
*128
1
20%
x58%
128
44%
44%
73/8
7%
7%
20 %
7%
7%
*107
1%
203/4
1%
20%
75/8
108
1%
21
21
115
1%
7%
1%
20%
*114
1%
1%
129
129
58 5/8
128
58%
127
8%
8%
83/4
8,100
20
,7%
107
7%
*107
1%
1%
21
*76%
78%
20
16
16
16
•*15%
16%
*15%
82
*80 y2
82
13 y4
*13'A
13%
*21%
*101
10%
*81
92
13%
*90
213/4
*21%
21%
101%
101%
101%
10%
10%
10%
82
13%
13%
82
81
13%
13
700
*46
48
46%
*15/8
1%
1%
1%
15/s
15/8
13/4
13/4
400
4
33/4
4
3%
3%
3%
33/4
7,200
46%
47
*1023/4
103
*97
99%
*46%
*97
46%
44%
443/4
443/4
44%
443/4
44%
443/4
44%
*109 V4
108%
109%
11%
109 7/a
109%
1093/8
1093/8
110'/a
*11%
109%
11%
*113%
113/4
11%
11%
*107%
109%
*107(4 109 Va
*107%
109 V8
*107%
109%
1%
4%
16%
11%
11%
34
*24%
25
34%
25
1%
1%
4
4
*15%
*11%
34%
*24%
15
15
15
15
15
33%
34%
33%
33%
33%
26%
26%
263/4
27
26%
152
"■■•55
60
*151%
152
46 %
153%
151%
46%
103
1%
4
47%
103
lS/8
4%
16
15%
16
11%
11%
12%
34%
34%
34%
46%
103
12
48
99%
47%
103
20
565/s
47%
6,100
103s/8
1035/8
800
445/a
7,2C%>
*109
noy8
1,100
123/4
3,600
12%
*107%': 109%"
20%
12%
♦107% 109%
May
Jan
15%
Feb
293/4
Dec
75
Sep
38% July
31% Jun
29% Jan
Dec
34
34%
34
27
245/8
*150
1%
46,900
Jan
53/4
11
134
148% May 11
10% Mar 2
6
Jan
434
Jan
Gen
9% Jun
8% May
18% May
98% May
32 Va May
Nov
130%
Jan
303/4
Jan
39% July
x40% Apr 27
43% Jan
6
34
Jan
113%
44% July
119% Sep
par
100
-10
No par
preferred
—No par
Outdoor Adv A
No
Common
par
Corp—No par
-1
No par
Gen Public Service
lOo
Gen Railway Signal——No par
6% preferred
——
100
preferred
$6
Gen
150
117
Jan
3
3
Jan
3
120% Jan
5
112
Apr 17
2(4 Feb 10
148
Jan
*
110
Jan
1% Aug
93
83%
21
3
Jan
128
Mar 18
513A Feb
4
1253/4 Jan 28
36 34 Jan
3
131% Apr 11
593/4 Mar 13
130
Feb
46% Mar
2%
Jan
6% July
13%
Jan
24 Va May
107 —
Jan
12
-
8
109
Feb
5
20% Jan 10
Apr 11
112
l3/4 Jan
23% Mar 13
115
May 2
2% Mar 21
11%
11%
*11%
11%
11%
11
11
11%
11%
*11
11
%
1,100
12%
12%
123/4,
12%
■12%
123/4
123/4
12%
12%
123/4
Xll%
11%
4,000
35/8
35/B
*3%
33/4
*35/8
33/4
3%
33/4
3%
*33/4
37/8
1,900
140%
l403/4
141
14%
15%
14%
14%
14%
143/4
14%
143/4
14%
15%
14%
153/a'
54 Va
541/4
54
54%
54
54%
54%
54%
543/4
55%
54%
56
44
4,4%
44%
443/a
44%
45%
443/4
45
45
47
46
47.%
110
34,300
6,900
14,900
12
31% Jan
59
15% Jan
9% Jan
233/a Mar
Corp—
20
Gen Time Instru Corp
No par
Telephone
preferred—
100
.
5
& Rubber Co
preferred
General Tire
4% %
Gillette Safety Razor
$5
conv
preferred
Gimbel Brothers
$6 preferred
Glidden Co
4V2 %
(The)
—
(B F)—
par
par
par
-}
—
1
100
Brewing Co
Gold & Stock Telegraph Co
Goodrich Co
par
par
50
preferred
conv
(Adolf)
Gobel
—100
No
No
No
No
No
tGoebel
No par
—No par
Goodyear Tire & Rubb—
No par
$5 convertible preferred—No par
Gotham Hosiery—
No par
Preferred —————————100
$5 preferred
4
Apr
17% Mar
8
22
77% Apr 19
88 % Jan
22 3% Jan
25% Mar 16
20
19
Jan
6
110
Jan
14
23
Apr
8
113% Apr
22
preferred—————20
Western Sugar—
Preferred
Green Bay & West RR
Green (H L) Co Inc——
100
-1
—No par
5%% preferred—————.—10
Grumman Aircraft Corp———
1
Guantanamo Sugar_
-No par
8% preferred—
.—.—100
Greyhound Corp (The)
91
15%
Jan
July
24%
Jun
233/a May
113
Dec
Jan
8
14% Jan
25%
Jun
Feb
17
7% Jan
3
11% Mar 22
"43/4
"9(4
6034 Jan
May
May
235/a Mar 16
103
Mar 31
Jan
74
6
83
Apr
11% Jan 19
14
Mar 22
5
Jan
Jan
7
94
Mar 25
59
Jan
85%
18(4 Jan
4
20% Mar 16
143/4
Jan
223/a July
Apr 26
48 34 Mar 28
41
Jan
48
69
X83
45
1
Jan
Jan
3
2% Jan
4
85% Jan
40
Feb
3
7
17
A
2% Mar 27
4% May
100
Feb
Feb
Jan
33/s May
Sep
97% Aug
455/8 Sep
17
24%
Jan
83
Jan
■25%
Jan
41% July
Jan
108 % July
3
8
Mar 21
104% Jan
3
110% May 11
90%
8% Jan
3
13% Mar 18
108% Apr
10
3
334 Jan
20
43/a Jan
5
15% Feb 28
17% Jan
19
12% Apr
5
3%
Jan
73A Jan
36% Apr
5
25% Mar 15
29%
Feb
24
Dec
13%
Dec
14334 Feb
60
Mar
15
4
153
67
Apr 14
Feb
21%
Jan
23% Nov
138
3
57%
Dec
2% May
6% Apr
Dec
8
32% Jan
9
101%
Jan
8
Oct
9% Apr
Jan
954 Feb
8
102
4(4 Jan
80
13/4 Mar 15
1% Jan
24
1% May
1%
73%
Jan
100(4 Jan 25
Oct
Jun
4
48% Mar 22
104
Jan
Sep
18
363/8 Feb
98
14%
17
,
July
13% May
37
Sep
July
Apr
32% May
26
18
273/8
Jan
Jan
154
Dec
Sep
65
Jan
43% Feb
17
50% Jan
5
31% Jan
50
Sep
19% Apr
19
22% Jan
24
14 V8
Jan
21%
Dec
Apr 29
Apr 18
12% Jan
24
11
Jan
13% July
17% May
11
11
3% Apr
123
3
Jan 26
13
Mar 13
10% Nov
4% Mar 10
2% Jan
Mar 14
81% Jan
150
5
Jun
1603/4
Jun
1534 Mar 20
3'/a
Jan
10 Va May
56% Mar 20
25%
Jan
41% May
25
Jan, 3
4334 Apr 25
47% May 12
44%
Dec
50% July
25
27
Apr
4
29% May 12
22%
Feb
28%
35
Jan
20
38
5
35
Jun
38
12% Jan
14
8
17
Jan
15%1'Jun
4
104% Mar
110%: July
.
Corp
Jan
16%. Jan
108
Sep
15V* Dec
3
Gulf Mobile & Ohio RR—No par
*R
preferred
—No va*
Oil
60
1% Jun
193/4 Feb
99
_—
Granite City
Gulf
Jan
Mar
% Jan
235/a Mar 20
34% May
29
Mar
900
123/a
X104
83
3
6,000
Jun
Nov
2% May
25% May
115
Aug
25
3
46%
8%
112
12
25% Jan
20%
Jan
Jan
19% Apr
14% Jan
243/a Jan
20
A
5
6% pfd—No par
No par
.—*——100
46%
4%
103% Jan
Mar 16
'
1% Apr 25
51% Jan
Great Northern Ry
20%
Nov
8% May 12
213/aMarl6
No par
-No par
div series-
Great
47%
39
3
4% Jan
Realty & Utilities————1
$6 pref opt
General Refractories.
12,600
20%
56
July
131% May
Jan
3
13,300
50
Jan
17%
18% Apr 26
6s/s Jan
3
15% Jan 31
60
44 Vb
125% Nov
8
Dec
107% Sep
137
July
128% Nov
11
Dec
120%
July
1% Jan
25%
153%
Aug
5
General Motors Corp
$5
Jun
151
Jan
234
Mar 17
Jun
9(4
Mar
Mar 23
preferred
5%
Dec
51
3734 Jan
4
333A
141
37
Apr
Aug
16
Jan
327/8
143%
3
11%
107
3
46%
143
,63A Jan
Jan
Jan
Jan
20%
142%
8
Apr
634
102
8% Jan
7% Jan 24
Feb
Jun
53%
4734 Mar 13
28
143
6%
143/4
Jun
14
107% Jan
14% Jan
47%
141
413/4 Apr
102
5%
20%
140
4
Great Nor Iron Ore Prop—No par
47
140
Jan
1,900
46%
3%'
Mar 22
Jan
934 Jan
51
2
1,900
345/8
25
20s/a
11
13
No par
247/a
*55
U
106
Oct
24
General Mills
25%
*151
10% Feb
11
34%
60
Mar
Jan
15
153%
54
3
155/s May 11
3
115
15
20 3/4
*55
1
Jan
3
13
46%
*55
5% Mar 13
3
13 % Feb
51
Steel———-—No par
Grant (W T) Co—
——10
20 5/8
60
30% July
Feb
2,800
25
Jan
Feb
lls/8
345/8
19%
Mar 17
35
*11%
27
2
Jun
4% May
140
12%
343/8
18
4%
-100
12%
*24%
14%
No par
——1
5
15
Jan
Jan
No par
34%
Jan
Jan
Grand Union Co—
25
Jan
l5/a
9%
Jan
Graham-Paige Motors—
Granby Consol M S & P—
343/4
2%
20%
500
*14%
30% May
Aug
7
18
600
*24%
Mar
28"% Feb
4ya
15%
4
110
22
4 % Mar 11
15% Jan
19
15%
25
4% Jan
20
25(4 Apr
*37/a
1%
Feb
754
15%
1%
46%
*55
142
Dec
19% May
21
50
15
71»4
4%
60
*139
55/8
7
Mar 10
8
16%
1%
*4
*55
20%
15% Mar
95
333/4 Jan
9734 Mar
*15%
14%
60
97
44%
*24%
153%
100
110%
15
*151
97
48
44
25
151%
*46%
*46
46V4
20%
.•
'
3,900
2,600
3,500
100
34'/4
200
13%
19%
44>/4
34 %
80%
13
93 %
1023/4
*24%
80%
13%
19%
*98
11%
81
93
47 y4
*11-%.
90
20%
100
1%
2,300
103/8
92 y8
*98
*4
101
10%
•
46%
*15%
Jan
12
153/4 Mar 16
General Foods Corp——No
6 %
20
4
1%
*993/4
1,000
114%
20% K 21%
101
10%
■-24%
91%
4
4%
*112%
19%
13/4
16
*24
24%
114%
21%
103/a
102%
IV2.
10%
16% Jan
Apr
4
General
91%
4
46 5%
3
54
4
400
193/4
1%
103
15
Feb
3
660
•
91%
*45
47
Dec
39'A
Mar 13
43% Jan
General Shoe Corp—
1*
Gen Steel Cast $6 preferred—No par
193/4
4%
193/4
*81
21%
101
*
46%
16
100
92
19
19%
*24
♦112'A
102%
*4
16%
233/4
*90
*113/8
*15%
77 y2
19%
47%
P/4
100
16%
23%
91%
100
1,500
77%
23%
10%
.
400
20 y8
23%
114%
21 %
6,400
78
20%
77%
23%
101%
4
20
23%
*112%
10%
*1%,
700
1%
X77%
23 y4
101'A
*45
21%
115
78%
114%
*21 Va
19%
900
24%
23 y4
y4
*77
20
1%
77%
*112%
10 y4
9% July
53
—No par
Gen Precision Equip
*23%
23%
21%
Jun
13% July
813/4 Jan
General Printing Ink
20
23%
114%
101 'A
13
Jan
Jun
28
Jan
115% Jan
preferred—
1,300
78 :•
23 y4
10 %
*90
1%
7 %
General Electric Co
1,700
23 34
*112%
21 s/8
13% Jan
70
36"
233/a Mar 24
4
30% Jan
Jun
July
23
18
Jan
22%
93/4
100
cum
7%
108
*77%
*100%
13 y8
*20%
*114
1%
23%
*80%
:V.'*1%
115
1%
114%
23%
*112
i%;;
21
78%
78
7%
*107
—
preferred——
General Cigar Inc—
1%
19%
19%
7%
1%
20%
23 3/4
20%
106
*114
20%
115
20
77%
800
8%
77%
23%
127
8%
20
20%
/
58 3/8
127
400
79%
78
Jan
20
July
109
'
46%
20%
:
200
*43%
20%
24%
60
$6 conv preferred series A-No par
1 45%
80
*15%
59
127%
2%
45%
19%
;•
129
114
44%
80
16
78
*78
20
107
1%
*113
115
1%
59%
129
44%
20
%
129
Class A
No par
109
108
5
16
——No par
*121%
7%
7
14% Mar 28
No par
-—JVo par
General Cable Corp
$4.56 preferred——
125
130
Generai
Gen Gau & Electric A
2%
*129
Baking————...........S
...—No par
Bronze Corp..
5
preferred
$8
120
*113%
3
109
—5
50
preferred—.
conv
25,300
114
125
1%
♦23%
2,800
2%
82
*15%
15,500
*121%
20%
20%
*145
125
115
*79
: 12%
*121%
20%
.
148
*27%
.V
3
*115
1%
27
148
90
125
1%
*20'4
27
5%%
"
2%
*
1
Wood Industries Inc
1,700
42%
♦121%
20
8
58% Mar
1
7
42 y2
43%
3
*107
83/e Mar
9
10
No par
—5
107
125
73/4
May
11% May
53% Jan
25% Feb
$6 preferred
Gen Amer Transportation
•106%
2%
107
5% May 11
47
167/8 Mar
100
107
*121%
20
20
■
19% Jan
3% Jan
30% Jan
No par
106%
*106
413/4
107
jan
1
Ao par
106%
107
41 3/4
>
253/4
29% Mar
3
Co
No par
*12%
7%
38% Mar 17
24 % Jan
(The)
Co
Gen Amer Investors
4i%
7%
34% Jan 13
l%May
5
800
41%
7%
Jan
1073/4 May
3
4
113/4
41%
7%
Jan
97%
4
13
3
113/4
4%
45
15%
3
5
May
27/s Jan
113/4
*lls/8
40%
*43%
39% Jun
2% Jan
IP/4
41%
44%
Jan
12% Jan
*11%
40 %
44%
43
No par
1
cl A
(Robert)
Inc
preferred
11%
41%
59%
Co
6%
Gaylord Container Corp
41%
129
23% Mar 10
Jan
31%
Mar 11
19% Jun
50% Jun
25%
Jan
Gar
50
413/4
59
98% Nov
Jan
Jan
Jan
4,000
41%
*128
Jan
12%
May 12
5,100
123/4
130
41
4
78%
42
Mar 27
18
5%
36
*129
20
Apr
15%
353%
130
183% May
104% Jan
100
—
54
36
130
25 % July
17
15%
8%
107
Dec
6% Apr
Jan
96%
54
353/s
107
18ya
Jan
Mar 20
155/8
35%
109
Feb
3%
Jan
54
35%
*106%
1
13
15
36
15%-
8
114
98% Feb
3
106
54
355/8
*113
5
12
7% Apr
105% July
293/4 Apr
110
15%
353%
2%
1
203/a Jan
Dec
4
54
36
114
Apr
107
14%
42%
148%
25
103
11%
'■■>
3
100
*53%
*106
27
4
19% July
Jan
23
—
1434
35%
125
1
——
53%
36
23/4
1
14%
148
113 %
10
100
*53%
35%
*147
par
No par
Co
(The)
3%
3%
147%
*26%
24
Jan
1
No
preferred
4%%
14%
27
90
Apr
5
Jan
107 y8 Mar 13
No par
preferred
3%
9
6%
Mar
28
May
11'/a Nov
18%
20
Trailer
conv
*13%
13
-
F\<£
3%
90
*121
—
14%
147%
17
i
86
3
22% Jan
42
Nov
8% Nov
21% Mar 17
25
—
3%
43
21
173/4 Feb 24
101% Feb
19% Apr 26
103% Apr
35 Va Jan
par
Machinery Corp__
Foster-Wheeler Corp
*13%
11%
30% Nov
17
8
Food
3%
14%
May 12
24% Mar 21
14% Jan
383/4 Feb
Corp.,
preferred
14%
54
3% July
49% Apr 24
44% May 11
Food Fair Stores Inc
3%
29 y8
29% Mar
3
Fruehauf
V
740
*26 Mi
,
"
106
*89%
.
.
Jun
Nov
27
2,800
31%
33
10811
3,700
91
31%
Nov
9% Jun
% Jan
Jan
1,000
360
14%
*86
31%
1,100
20
3
Jan
Steel
conv
14%
Jan
No par
.
Florence Stove Co
5%
Jan
45
_
Follansbee
5%
93
10
—10
6% prior preferred
—25
Francisco Sugar Co
No par
F'k'n Simon & Co Inc 7 % pfd—100
Freeport Sulphur Co
10
22%
*1234
v.
1,600
20%
22
91
6%
123/4
55
56
preferred
Rights
Florshelm Shoe class A__
47
*12Vs
21%
22
90%
4s/8
V
ft
*334
8
8
*146%
9
*8%
37%
$4.50
7
17
No
(The)—
Flintkote Co
14%
107
42%
149%
*147
109,400
*21
31%
50
1%
*55
31%
49,400
rl%
56 %
*86
20
109
*108
1%
3-%
17%
5%
*17
5%
14 %
19%
20%
109
4% % preferred
National Stores
First
78
Jan
'
108
105%
3%
5%
6
*38
14%
3%
•*14
14%
*
6
14%
33
33
105%
,
105
*14
•
15
*14
*86
333/i,
10811
A
105
"•
143/s
14
32%
*108
V
91
31'/a
37
*27%
6
6%
473/4
12%
14
rl%
47
6%
483/4
12%
31
"108
1%
*6s/8
*86
193/4
19%
109
1%
38%
52% May
Jan
25
Corp—
16% May
16% May
Jan
3%
1
82.50
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
.
Jan
68%
100
Ferro
19%
21
Jan
8
5
,—100
1,100
,
Jan
8%
39%
39
3
14% Jan 18
1J0
No par
Federated Dept Stores
4%%
conv
preferred
44%
106%
38%
38%
19%
483/4
'
106 %
106
373/4
►108
1%
37
37
28%
38%
19%
.
1%
37
*27%
*105%
106
44%'
2
per share
5
May
4% Feb
3
Federal Motor Truck
1.900
19
31
18
200
'
'
33% Jan
Jan
13% Mar
25
21% Apr
93/4 Jan
No par
Federal-Mogul Corp
8
3
2% Jan
20
Federal Min & Smelt Co...—
48%; 49%
49%;
44%
21% Jan
No par
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad Corp„l
Federal Light & Traction
15
$6 preferred——
13% Mar 22
6% Apr 19
9% Apr 18
—5
Highest
$ per share
46% Jan
—
2,500
190
96%
96
"•19%
$ per share
J per share
No par
100
...
3,100
25
Year 1943
Lowest
—No par
common
6%
6 3/4
25
19%
50
2,000
Erie RR
18%
7
*24
49
300
153/4
100%
21
7
97
"
*18
*18
18%
3,800
6,600
11%
100%
25
*24%
1,900
22
21
21
7
25
97%
16
*153/4
*101
203/4
39
■
15%'
•
16
101 %
20%
11
Range since January 1
Highest
Lowest
EXCHANGE
llVe
11%
11%
STOCKS
'
NEW YORK STOCK
£6%
11%
1981
6(4 Jan
33
H
*28(4
28%
28%
*37%
38
*373/4
*155/8
16
16
•11%.
*108%
12
109
38
29%
*283/4
29%
*29
29%'
29%
29%
300
373/4
373/4
37%
*37%
373/4
*37%
37%
40
16
16
16
11%
1987.
11%
108%
*11%
12
"*108% 109
,
For footnotes see page
*283/4
373/4
28%
108%
16%
163%
11%
11%
*107% 109
*16
*11%
*107%
163/a
113/4
109
16
11%
*107%
16
500
11%
400
109
10
JBackensack Water—.——
1% preferred class A—.
Hall Printing Co
—
Hamilton, Watch Co.-—
8%
preferred—
.25
.—10
No par
100
15% Mar 13
liy4 Apr 26
Apr 11
106
May
16% Mar
Jan
108% May
9%
Sep
;
Apr
18%. July
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1982
NEW YORK STOCK RECORD
LOW
Monday
$ per share
106',4
23i
139
'
6%
2%
23'A
23 'A
76
76
76
*14%
58
1,600
Hercules Powder—..:—,— -No par
75
Apr
128
Jan
129%
130
*62%
■
■
64
*114%
116
21%
*21%
15%
*14%
15%
14%
14%
14%
14%
14%
58
109%
15 Va
*57
110
63%
-
*63%
10%
10%
10%
10%
11%
10%
32%
10%
*32
32
32%
32
32
31%
32
*1%
*1%
1%
*7%
8%
*24%
24%
9%
10%
9%
%
1%
1%
.
1%
1%
7%
*7%
25 %
1%
1%'
10%
.10%
1%
1%
1%
26%
/■' 26%
26%
14%
13%
14'A
34
33Vo
33%
26%
26%
26%
26%
26%
14%
14%
14%
14%
14%
34
34
*33%
34'%
*33%
34%
*33%
34%
33%
60
59%
60
59%
59%
59%
591/2
12%
12%
12%
12%
12
12'A
12
12'/a
400
16%
16%
16%
16%.
16%
16%
38
38
38 V*
38
38
38
38
97
*96
98
96%
97
96%
165
*162
165
12%
16%
16%
16*%
*37%
38
37%
*97
98
97
*162
165
*162
*7%
7%
76%
10
97/a
10
*7%
*30%
8
*7%
31%
31%
31%
112%
112%
112%
112%
112%
7
7
7
7
7%
7%
7%
*30%
*30
31%
*111%
171 %
171
*2*4
16VV
*67%
*69
4%
4%
4%
4%
26 »A
26 %
26'A
131%
*131%
132'%
74%
74 %•
75
■
9 Vo
77%
76%
46..
*43%
37%
37%
37%
*61%
*61%
63.
76%
46
173%
230
2'A
2'A
1,600
380
•
14%
15'A
29,000
77
75%
76V4
'/ ;i 6,400
76
77'A
6,000
>,
;<
*43%
44%
37%
37J/a
64
64
*117
;
2,000
600
64
127.
>
;
—
13%
13'%
13%
13%
14
14
13%
13%
25,100
14
13%
13%.
13%
14
13%
13%
13%
137/a
13 '/2
13%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16 %
16 %
1,900
800
*16%
16%
*16%
16%
16%
*15%
13%
*13%
*137%
140
14'/a
14'A
*14
21 Vo
21
90%
91%
91'A
90
90
90
21%
21%
21
90'A
90
21'/a
90
21'/a
64%
*64
64
64
*64
64%
*73%
75
*73
74%
74%
11%
*11%
11%
*11%
11%
17%
17%
17%
17%
17%
11%
74%,
..
*109%
*137%
14%
400
29%
29%
1,000
92
92
100
*90
20%
21%
21%
3,200
93%
7% Feb
3
25
No
No
No
No
Johns
64%
74%
74%
900
11%
12
11%
11%
11%
11%
17%
17%
17%
17%
173/4
173A
V
900
Joy
Jan
9
44
Mar
4
105.
112
59% Aug
10-
3%
Feb
2
•
July
57% July
■•
114
July
68% Nov
,<
9 %
Jan
July
41% Apr
»
%
4%
Jan
2%
Jun
Jan
10%
Jun
Jan
29% Mar
4%
Jan
11% July
U
Jan
2% May
•
4
4
4
10% May 10
1% Mar 15;
Feb
25
3
17% Mar 22
3
39% Mar 22
18%
Jan
46
Jan
4
60
37
Jan
8
Jan
4
4
Jan*11•
Jan
July
17
22%
21
9% Mar 22
27
Sep
45
•
Jan
30%
Mar 22.
35
Jan
Apr
Aug'
42%
Mar
25'A Jan
7
15
Jan
8
9
May
16% May
31% May
48
.
May
Jan
13.
15% Apr 25
17% Mar 16
11%
Jan
19
35% Apr
41% Jan
14
32%
Nov
44%
Jun
Apr
14% Mar 22.
14
3
71 'A Feb
99
Feb
3
86%
Nov
100'A
162
Jan
7
158%
Apr
168
3
Mar
77
Nov
6%
Jan
8% July
21%
Jan
38% July
8% Mar
174
Jan
5
67% Apr 25
74
Jan
31;
1% Jan
,
173% Jan
28
19
%
Feb
11
7% Feb
3
21
3%
Jan
17
25
Nov
Feb
14
129
Dec
68% Jan
4
May 11;
10% May 12
77'A May 11
*
39% Jan 13
35% Jan 13
56% Jan
50
100
3
Jun
July
4 '/a May
Jan
77
.
177
Jan
55%
Sep
74%
Jan
-11%
Apr
177
Jan
6
16% Mar 16
7
,
Jan
20
134
3
13% Feb
66
56%
28'A Jan
3
25% Apr
■
Jan
5% Feb
4'A Jan
Jan
Mar
9%
162
12
2% Mar
13
130
Mar
9
Jan
69% Jan
'•
3
Jan
65
115
Nov
6
'
"17',4 Mar 23
4
-15% Jan
Jan
6
144%
2.
29
165 % Jan
Apr
106
8% Mar 17.
6% Jan 27
154% Feb
15%
9%
7
114% Mar 13
3
July
78% July
24
8% Mar
34% Jan
Jan
62
May 10
11% Mar 15
9% May 11
7% Jan 28
29% Apr 27
109% Jan 27
6% Jan
May:
V* July
6
88Va Jan
158
19
Mar.
67
-
July
6% May
36%
138
Apr
July
8'A
Jan
14%
Dec
45%
Jan
69%
Dec
3%
Jan
11%
Jun
37%
71% July
Jan
44
39
July
37% Mar 16
28
Jan
38% July
71% Mar 10
36
Jan
60
Dec
115
July
43 % Apr
19:
Apr
Feb
3
120% Mar
9
102%
Jan
11% Jan
12
14% Apr
6
6%
Jan
16% May
11% Jan
12
Jan
16% May
19
14% Apr
17% Jan
6%
15
15
9'A
Jan
Jan
18
Jun
Jan
32%
Apr
Jan
145%
Jun
117
par
par
par
par
Apr
6
15
Jan
4
16% May
5
10%
29
Jan
6
32
Mar 27
27%
138'A Jan
17
141
Mar 15
13'A Jan
-
3
27
Apr 22
107% Jan 21
84% Feb 15
90
20%
58
66%
10%
100
100
pref series A
pref series B couv
Mfg Co
Jan
9%
17.
10% Jan
1
No par
—100
Manville Corp
-No par
& Chicago RR stamped
100
& Laughlin Steel
No par
5%
64%
74%
36%
Jan
26 %
24
preferred
5%
Jan
1% Jan
1
1
Co
31
8% Feb
25
.
25
16
12
22% Mar
100
.
Jun
44,% Mar 16
11
6
—1
.
115
64% Mar
1% Jan
Jan
17
117
3
45 % Jan
1
17% July
Sep
Apr
117
30% Feb 21
100
100
No par
No par
Sm Ltd
■
40% July
Jan
7
11% May 11
Manhattan.
preferred
Jarvis (W B)
Jones
64%
4
66% Jan
Jewel Tea Co Inc
Joliet
741/4
Jan
3
preferred
Intern'l Telep & Teleg
Foreign share ctfs
Interstate Dept Stores
Intertype Corp—
Island Creek Coal
$6 preferred
30
*64%
23
Feb
7%
3,900
64%
3
Feb
25% July
Jan
12%
63
...
international Silver.
21%
75%
64%
6
21% May
Jan
28%
15% Mar
Dec
87
Jun
136% Aug
Jan
16%
6
7
3
-5
preferred
5%
500
*74
&
4'A %
100
7
Jan
39% May
-
29%
Jan
14%
16% Feb
22
4
10
3
international Salt.
—t-—No par
International Shoe_.
—
No par*
112%
14%
*91
21%
10
•
*109%
14%
*90
91%
100
2,600
140
29'A
29
28%
112%
28%.
—
112%
*14
14%
14'A
14%
16%
31
31
31
139
28%
90
90%
31
139
*109%
90
90'A
31
140
1
*137%
112%
28%
*109%
*109%
112%
*85
*14
14%
28%
112%
*28
29
*28
*109%
31
31
13'/a
13%
*16
16%
*16
140
*137%
140
A 13%
16%
31
31
31
31
31
*137%
*16
.
Aug
Jan
International Min & Chemw—s.u—5
4% preferred—
,,.—100
International Mining.Corp—— 1
Int Nickel of Canada—
No par
Preferred-—
—100
international Paper Co
15
.
b% conv preferred
*—100
Inter Rys of Cent Am
-No par
:
July
118
Jan
Int Hydro-Elec Sys class A
-
390
37%
127
64
'
lO'/a
76%
44%
37%
*117
9%
9%
9%
63
_
10,800
26'A
131%
15%
127
63
2,600
4%
25%
100
151/a
*43%
37%
*117
•
1,000
•
131%
26 V4
132
77
77
45
37%
41/2
4%
4%
16'A
69%
16'A
*69
75%
V
9'/a
9%
,63
127
*117
1731/4
2%
26
75'A
76%
37%
.
*131%
15%
*43%;
76%
62%
,62%
4%
26%
4,100
72%
173'/a
69'4
132
70
1,600
3,400
1,100
172
72
72%
16'A
.75
45%
*37
37%
172
172
173
69'4
:
•
7%
6914
15%.
%
*43%
,76'%
127
*117
127
*117'
.
*43%
7'/8
16'A
4%
9'/4
91/4
9'4
9*/a
9 Va
*76%
-*
75
75
75
7%
16%
-
700
*
/'
6%
2>A
*131%
15% ■'..15%
15%'
15%
15%
15%
32
112
6%
2'A
26
26%
131%
131%
31
112
71%
173
*69
4%
.
26
.26%
131%
•
16%
69'4
9%
6%
2'A.
•
1,400
4,200
100
8
31
16'/4-
2%
.
*16
69*4
*68%
69 'A
4%
i6 Va
*16
16 'A
2'4
.2% ;
9%
*7%
113
*170
72%
-173
173
*171%
173
*1,71%
2%
*2%
170
72%
72%
76
7%
.
600
165
75
6%
7%
170
1,500
97%
*162
9%
31
7'A
38
96%
8
112%
6%
172
.72'/a
72%
31
114
■
6Va
7%.
.
*170
172
72
72%
72 %
7%
*112
7
*6%
7%
.
*170
172
*169
•
1,700
38
75%
9%
8
*7%
8
,
X75 %
16%
*16'4
165
*162
77
77
10
10
10
io y8
*95%
165
*162.
_
'
76
77
*76
77%
•
■
71
Jan
54
Idaho Power Co„
—20
Illinois Central RR Co_
100
6% preferred series A
100
k Leased lines 4%
100
RR See ctfs series A_
—1000
Indianapolis Power & Lt
No par
Industrial Rayon
No par
Ingersoll-Rand
_
No par
6% preferred—
———100
Inland Steel Co
No par
Inspiration Cons Copper
20
Insuranshar^s Ctfs Inc
1
Interchemical Corp
No par
6% preferred
^
-—100
Intercont'l Rubber——
-No par
Interlake Iron—i
——-No par
Int Business Machines
No par
International HarvesterNo par
Preferred
—100
58%
58
57%
Jan
,
"
5
108
par
2,600
•
49
100
117% Apr
-No par
Hupp Motor Car Corp
4,900
Jan
Dec
3
5,200
t
73
128
42
May
13% Jan
.No
non-cum
Hud Bay Min &
1,100
480
*12%
7%
•
5
Mar 10
12%
—12.50
Hudson Motor Car——
32,100
10%
1%
14%
10
1,200
10%
26%
*76
25%
1%
14%
16%
5%
10%
26%
-
Hudson
1%
26%
12%
600
200
10%
14%
57%
1%
7%
1%
'
26%
*12%
1%
25
Aug
25
-No par
_
Howe Sound Co
*7%
25
14%
*56%
1,100
172
21
39
of Texas v t c.
Houston Oil
56,300
Apr
Jan
152
Jan
-100
7%
.
25
25%
11%
31%
10%
-9%
10
25
700
71
21% Mar 14
13% Jan
preferred--————
Houston Light & Power Co.. -No par
1%
*1%
7%
24%
24%
1%
8%
;
64%
110% July
Jan
116
5%
;■
140
3% May
Jan
-No par
100
Class B
:
Household Finance—
1,100
14%
10%
-
21
36% Mar
13% Jan
5
Houdaille-Hershey cl A
31%
11%
31%
*7%
*8
8
11%
31%
*1%
1%
24%
1
64%
64%
2
10
——..
Homestake Mining
9,500
109
64%
19% Feb
preferred—
7%
58
109
27
Holly Sugar Corp—
42%
*57
109%
64%
11%
63%
64%
14%
15
109%
3
Apr
'
41%
41
58
*57
109%
(A)
900
•
Jan
114
11—10
(Del)
20
*41%
42%
15
58
"109
*57
Holland Furnace
500
V
63
par
20% Jan
(C E) The
Hires Co
Jan
56%
66% filar 18
par
.No
•Hollander. & Sons
1%
93%
134
-No
preferred
800
14%
41%
conv
Hinde & Dauch Paper Co—
'• 400
.
15%
14%
7
*115
*41
42%
*14%
15
14%
14%
58
109%
*14%
14%
40%
40%
*41
43
38%
*115
116
-40%
40%
40%
*41
43%
22%
38%
$4
\
200
21
*21%
16
*14%
100
-
20%
39
*14%
116
'
22%
.
..
Hershey Chocolate
100
64
116
preferred
'
•
21%
*20%
22%
6%
110
129%
64
116
64
116
39%
*116
128%
129%
*62%
*115
%
*64
64%
*63%
10% May
81% Jan
18
*20%'
*57
•
27% Feb
24
100
*38%
*109
109%
*109
1,100
*21
*14%
15
*57
Oct'
109%
Dec
4
163
20% Apr 24
par
76
23
41%
.No
Mar 11
160
preferred-.—100
22
39%
*41
43%
W)
non-cum
75%
21%
116
(G
1%
22
*38%
14%
40
6
76
*21%
15
Helme
100
63% Jan
23
*20%'
40%
40%
40%
*41
Jan
25
Jan
107
99
25
22%
22
*115
116
*115
7% May
Jan
6
May 12
3
Mar 13
25
*75%
21%
*14%
18% July
144% May
86
1
23
Sep
Jan
75% Feb
2% Jan 28
-5>
:
75%
39%
14%
*14%
28
7% Feb
22%
21%
14%
108% Apr
Hercules Motors
64%
116
*114
'
14%
5
75%
*127'/2
129
*62%
64%
71
*162%
163
480
>
v
163
*68
70
*162%
38%
21%
39%
14
6% Apr
107%
Jan
4%
7% Mar 15
5% Jan
104% Jan
Highest
Feb
13%
135
Mar 13
1
22%
76
129
131
116
*20%
21%
21%
.
163
23
*128
99%
11
Feb
17% Mar 16
146
8
-.1
Hayes Mfg Corp..
Hazel-Atlas Glass Co
3,700
2%
107
107
106
*68
70
163
76
*114
39%
14
*68
23%
*62%
65
20 %
69 Vo
162%
23%
*75
116
Jan
100
preferred
Hayes Industries Inc
6%%
300
138
100
preferred—
108
18
Apr
15% Apr 24
par
Corp of Amer class A_.
Hat
40
6%
2%
2%
106
106%
69 Va
*22%
131
*62
*114
106-
162%
70
*
*128
400
*6%.
7
2%
2%
2%
2%
106%
*162%
162 %
7
107%
*106
'
$ per share
$ per share
share
*
106%
*67
70
162'/a
*6%
7
145
*6%
7
106
6 %
10
105
pa*
Hanna (M A) Co $5 pfd—
-No
Harbison-Walk Refrac
500
$ per
$ per share
Par
10
,
v.;
16
*140
145
*6%
106
105%
Year 1943
Lowest
Lowest
Shares
share
16
16
*140
6%
107%
•
*6%
6%
6%
2%
.
6%
*106
*104%
105%
16
145
*140
6%
107%
106%
2%
106
*104%
16 %
145
*106
$ per
$ per share
105%
xl6%
6%
6%
106%
6%
106%
*1047/8
16%
*140
*6%
2%
105 %
105%
*10
139
6%
'"66
16
Range for Previous
Range since January 1
Highest
STOCK
EXCHANGE
the Week
May 12
May 11
$ per share
share
*104%
106%
105%
634
106
6%
$ per
16
.145
%
6
*105 3<j
May 10
*104%
16 'A
*138
May 9
NEW YORK
Sales for
Friday
Thursday
Wednesday
$ per share
106'4
*16
Tuesday
May 8
Saturday
May 6
STOCKS
PRICES
SALE
AND HIGH
1
May 8
Jan 3
Jan 5
Jan 4
Jan 14
15'AMar
31% Jan
110
Feb
96
Mar
90
May
22
14;
10
13.
8.
16
22
16.
10
23%
66%
76%
12
Mar
Mar
Mar
May
19
Mar 21
135
18%
16% July
{\ 34 .July
109% Aug
/ 92% Sep
79
Aug'
9%
26.
99Vo
70
78
Jan
Feb
Mar
Jan
Aug
19Va Jan
54
Nov
64% Dec
8'A Jan
Sep
,
26%
65
82
12%
19%
127
10%
29%
17
104
17115
24%
Sep
Aug
Apr
Apr
Sep
Nov
Sep
Dec
May
357/a
20Vi
34
6%
58%
•
Apr
Apr
Apr
Apr
July
July
July
Jun
K
17%
*120%
■:
•
*120%
'
-
9%
*120%
*120%
35'A
35%
35'A
35'A
16
16
15%
16
•'
'
*120%
9%
34%
*33%
3434
*32%
15%
*15%
153/4
15 %
105 {if
10518
10511
17%
17%
17%
351/4
34%
16%
15%
.
■
9%
10
9%
I
9%
*9%
*34% '
9%
10
*15%
10%
1
105 §3
17%
17%
*111
31
*20%
21%
*21%
*15%
*17%
18
21%
*111
1'
-
*21%
16
21%
15%
16
*109%
113
*109%
31%
30%
31
30%
303/4
16
J
700
1534
-,1
]f
17%
.
170
300
;
.
16%
113
'
*111
21%
153/4
112
30%
,
31%
31%
3,400
34
1,500
1,130
Laclede Gas Lt Co
9,600
20%
20%
20%
20%
20%
203/8
20%
35%
35%
35%
35%
*34%
36%
*34%
36%
4%
59%
60 'A
*4%'
4%
*58%
22%
22%
22%
22%
*7%
8%
*7%
8%
30
30%
30%
30%
33%
X33%
33%
4%
4%
4%
60%
*58%
59%
58%
23
30%
33%
.
*33%
22%
23
23
22%
*7%
*4%
4%
-
2,100
200
400
4%
59
58
23
23
100
59
23
8%
*7%
8%
31%
31'A
31%
31
31%
34
33%
34%
34'A
34'A
34
11%
11%
11%
70'A
68%
69
750
*27%
28
700
9
*8
100
—1——5
100
30%
*20%
*4%
16% Mar 17
115
May 8
—
8'A
20
30%
31
20%
4%
13'/a Jan 26
112
Jan 21
30
Feb 4
19'A Jan 7
1
Dept Stores
8'A
700
900
15%
112%
36'A
60%
non-cum
5% conv preferred
Kayser (Julius) & Co
2,400
/
21%
15%
30%
36%
4%
Kaufmann
^
'
21%
*109%
153/4
*20%
60%
Feb 25
14'A Mar 28
39% Mar 11
16% Apr 17.
105}^ May 11
19'A Feb 3
111
May 5
22% Mar 8
pfd_100
Kelsey Hayes Wh'l conv cl A
1
Class B
1
Kendall Co $6 pt pfd A
No par
Kennecott Copper.
No par
Keystone Steel & Wire Co
No par
Kimberly-Clark Corp
No par
Kinney (G R) Co—.
.1
$5 prior preferred—
—No par
Kresge (S S) Co——
10
Kresge Dept Stores
1
Kress (S H) &; Co
No par
Kroger Grocery & Bak
No par
31%
*4'%
16% Apr 27
121% Apr 25
6% Jan 3
19% Jan 4
13'A Feb 19
1D2
Jan 5
17
Jan 4
110
Mar 6
20
Jan 25
City Southern-
Kansas
Keith-Albee-Orpheum
*111
21%
112 *
10
-No par
No par
preferred-.
-100
Stove & Furn
City P & L of ser B
Kan
700
33%
105
20%
*35%
*35%
'
21'A
21'A
115
115
115
*111
■
16
*113%
17%
*17%
'
.
2,700
9%
'
*111
16
105 et
105
*105§i
10533.
*17 %
*•105 33
*21%
Kalamazoo
'
*120'A
'
9%
17%
2,100
.
conv
31%
3
54'A
22
6%
Mar
Feb
Jan
Feb
Jan
4
17
28
11
25
4
27% Jan
31'A Jan
4
124
32% Mar 17
20% Mar 8
36'A May 3
5%Mar22:
63% Mar 22,
24 Mar 6
9% Mar 7
31% May 12
35% Mar 17
xl2% Jan
121
Dec
5'A
19
7%
83
11'A
103%
14%
Jan
Dec
Jan
Jan
Jan
Feb
Jan
.
16% May
113
Apr
8% Jan
102 . Jan
28% Jan
15% Jan
25
Jan
1% Jan
34% Jan
18% Jan
2% Jan
23'/a Jan
24"% Feb
.
,
24'A
10%
32'A
32%
July
Sep
Apr
Sep
Nov
L
11%
11%
11%
12%
12%
12%
11%
12'A
67
67
68
72%
70%
71%
70
70
*69
28
28
28%
28%
28
28
28
28
28
23
23
23%
23
40%
40%
40%
40%
40%
40%
9'A
9%
9%
9%
9%
9%
*11%
*23
23%
*40'A
40%
9%
9%
22%
22
T16'A
117
t
5%
*1%
5%.
1%
23
23
30%
30%
1
23
*23
23
*116%
22%
117
*116%
9%
23
116%
*116'A
5%
22%
21%
223/a
40 3/4
40
40
9%
23'A
117
9%
23
*116%
1,100
•
:
800
9%
4,400
23%
2,300
117
10
5%
5%
1%
1%
1%
*l3/a
1%
13/8
1%
1%
l3/a
22%
21%
22%
2,100
30%
30'A
30%
3,800
23
22'A
30 3/8
30%
223/4
*22
'A,
22%
22%
30%
30
'A1
30%
30'A
19
*18%
19
40
40
40
*39%
40
48 %
49
48%
49
48 3A
6%
7
6%
7
,6%
43
*41'A
For footnotes see
40
5%
39 7 a
*41
23 'A
23
116%
X22%
*5%
*18%
*18%
23
1,700
1,200
1%
30%
23'A
117
-
5%
534
•«22%
•
28
19
42%
page
1987.
.
*41'A
49%
7
,.43'A
5%
5%
*18%
19
19
19
40
40
39%
39%
39%
491/4
49'A
49%
50
493A
6%
7
6%
*18%
6%
42'A
7
42 'A
*41
42%
*41
5%
19
39%
50
6%
42
100
1,100
6,500
10,300
100
Lambert Co
Lane
Lee
11
Feb
11
13
Jan
1Q0
62
Jan
14
73
Mar 30
193/4
Jun
6
23% May
5
113A
38
Apr
24
41'A Jan
10
26%
Jan
8
Jan
3
8'A
Dec
10
25
21
Apr
113
Jan
26
Mar 13
24% Jan
31
20
39%
9.
Oct
Dec
29
Jan
July
120
Jan
July
2
107%
;_50
4'A Jan
3
7% Mar 21
2%
Jan
1 'A Jan
29
n
Jan
50
15% Feb
4
10
25'A Apr 10
2%
No par
Lehigh Valley Coal
6% conv preferred
11%
Jan
203/4
29% Jan
4
32% Mar 20
24
Jan
32
19% Feb
143/a
Jan
22%
Jun
Dec.
1
Corp (The)
Lehn & Fink Prod Corp—
Lehman
7
117
Mar
25
8 'A May
"
1% Apr
5
.—No
Libbey. Owens Ford Glass.
Libby McNeill & Libby
Life Savers Corp
Jun
Jan
29% Jan
19
.100
Portland Cement.
preferred
conv
Stores Corp....
293/4
5
Lehigh Valley RR
Lerner
73
Jan
17
10
Oct
Jan
Apr
Bryant
Co
16% May
Jan
17'A Jan
26
•
Rubber & Tire
4%
9%
35
17%
No par
(The):.
Lehigh Coal & Navigation
Lehigh
17
-100
preferred
5%
No
18'A Jan
5
36'A Feb
14
41
Mar 18
23%
Jan
383/s
par
3
50
May U
31
Jan
par
Jan
43%
42
5
Jan
8%
30
Jan
7
8
6% Apr
39
Jan
24
8
8
43%
41
Jun
Jun
July
Dec
Jun
July
Volume
LOW
HIGH
SALE
May 9
$ per
$ per
$ per share
■
*72'/a
*72%
175%
72%
72
73%.
%
72'/a
73%
175 J/2
*27
27%
*27
*38
38 «/2
*38%
39
72%
73%
73%
*174
*175
176
73%
175
*27
27 J/a
*37%
27%
72%
72%
73%
176
38
".
x723/4
73%
373/4
*37
263/4
273/4
37%
*37
i
37
37%
36
Apr 25
24
Jan
Jan
6
40
Jan
21
34 J/4
Jan
4
22
May 12
12'/a
Jan
38%
383/4
38%
38%
20%
*20%
20 34
20%
21%
21
22
23%
24
23%
23%
23%
23%
23%
23%
23%
24%
16%
16%
16
16'/a
15%
16%
15%
16
15%
15%.
15%
15%
613/4
61%
62
43%
43%
3,700
Lone Star
10
10%
3,700
Long Bell Lumber A
Loose-Wiles Biscuit-
'
.
X23 %
600
5
24%
Lion Oil
4,000
5,300
61
42%
10%
10 J/a
615/a
I/ 30%
30%
431/a
10'/a
30%
30 J/a
30%
181/4.:
18
18%
43
10%
61%
61%
431/a
10%
10
*30
61
43
61%
43
61
431/4
*30
31
*30
18
18%
18
*161
162%
161
*21
21%
*21J/4
*86'/a
88
*25%
18 /
21%
87%
26%
87%
31
:
.18%
*160
161.
18%
18'A
160
162
X10
43%
10%
.
3,900
'
31
500
17%
18
4,500 «
Cement
21%
21%
21%
*21%
21%
21%
88
87%
87%
87%
87%
86%
87
*251/2
26%
26
26%
7%
-Nopar
64% July
51% Jan
100
-
Louisville Gas & El A
Jan
12
Mar 21
6%
Nov
31 J/2 Mar 16
18 J/a
Jan
31
Oct
18% Mar 17
16 J/4
Oct
21'/a
Jun
1481%
Jan
47% Feb
17% Apr 29
Jan
5
20% Jan
-No par
Louisville & Nashville
371/2
3
Jan
151
.100
Jun
3
8% Jan.
28
.-10
Co__.
1
Mar
40% Feb 24
-
25
300
•
253/a Mar
Jan
62
-No; par
Corp
preferred
21%
Nov
18 J/4 Feb
par
1,100
v'i
21%
*86%
21%
Lorlllard (P)
120
160
160
v:
161
*160
160
*30y4
;
Jan
12 J/a
42 J/4
24% May 11
58
...
—
;
1
15%
24
19% Jan. 13
15% Jan 28
-No
Lockheed Aircraft Corp
Loew's Inc
Jun
Mar 17
-Nopar
Liquid Carbonic Corp
4,900
•
■j
'
10%
43% Mar 16
'
39
July
73 J/2
182% Aug
283/4 May
44
May
43
July
•213/4 July
Jan
18% Feb
39
20%
43
22%
37
39
201/a
61%
15
f Feb
28
„No par
38 J/4
201/a
10%
3
71
Dec
Lima Locomotive Wks
37%
38%
61%
26% Feb'
Nov
171
Link Belt Col—— -No par
-No par
Refining Co
800
371%
43
1801/4 Apr 13
par
62 'A
76% Mar 18
8
$ per share
Dec
-No
-
39
3
174% Jan
62
73% Mar 22
Lily Tulip Cup Corp^:
600
"
20%
'
67 J/2 Jan
100
—
—
20%
.
3
-25
Series B—
Preferred
Highest
$ per share
68% Jan
25
Liggett & Myers Tobacco-
23'0
Lowest
$ per share
$ per share
Par
1,700
•
27%
27%
27%
73%
178
178
177
Year 1943
Lowest
EXCHANGE
i;300
72
73%
73%
*176
176
27%
:
73
Range for Previous
Range since January 1
Highest
STOCK
NEW YORK
Shares
share
72
721/2
for
the Week
May 12
May 11
X72
Sales
Friday
Thursday
$ per share
$ per share
share
1983
STOCKS
PRICES
Wednesday
May 10
Tuesday
May 8
$ per share
.
AND
Monday
Saturday
May 0
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4281
159
16
162% May
22% Mar
4
7
153/4
.(.'90% Mar 17
593%
Jan
6
27% Feb
139
Apr
163% July
221/4 July
Jan
3
12
69% Jam
11% May
79
July
29
May
M
*25%
26
*26
26J/2
*26
26%
MacAndrews
200
::
*137
*137
*137
*137
*137
*137
.100
37%
I"'
38
38%
38%
383/a
38%
38%
38%
38%
39%
38 3/a
39% "
3,900
31%
31%
31%
313/a
31%
31%
313/4
31%
31%
31%
313/a
2,300
16
*15%
16 ;:
*15%
16
15%
15 5/8
*15%
15%
*355
:
25% Apr
*15%
15 J/a
15%
390
a
16,
*153/a
15%
.
390
*355
*355
15%
390
15%
*355
15%
15%
*355
390
,
Magma Copper.,Mahoning Coal RR Co,_
7%
*7%
7%
73/4
7%
7%.
n:
7%
7%
8%
10,900
Manatl
Sugar
—1
11%
7%
8
700
Mandel
Bros
1,400
-50
11%
11%
11%
•11%
111/4
11%
11%
11%
*113/a
20%
*19%
20%
*193/4
20%
*19%
20%
*19 S/8
11%'
11%
*19%
20
*2%
3
*2%
2%
3
2 3/4
2%
7%
7%
7%
7%
7%
7%
18%
18%
18%
18%
17 J/4
-17%
13%
13%
13%
13%
19%
19%
19%
19
6%
6 J/2
6%
46%
47%
26
19%
V
5%
193/a
193/8
19%
193/a
*6%
6%
6%
6 3/4
61/2
46%
46%
46%
46%
*25
26
*25
193/a.'
3,500
Martin
63/a 1
2,600
Martin-Parry
7,300
Masonite
46
x44%-'
•V
25%
*25
25%
Marshall Field & Co—
/
20
:k~
20
*171
20%
175
20
193/4
20
19%
20
20
*170%
175
*170%
175
*171
54
54%
54%
54%
54%
54%
54%
x533/4
533/4
5%
5%
5%
5%
5%
53/a
5 3/a
53/a
4,100
34%
34%
5%
*34
34%
*34
*109J/2
22%
.
;
16%
112%
*111
*22%
17
*16%
17
112%
343/4
*109
23
*22%
*111
*34
*34
343%
22%
16%
112%
*109%
16%
*111
2234
*22 5/a
22 3A
*111
343/i
16%
100
16% ?
163/4
1,800
100
112 J/a
28%
28%
*2834
29%
*28%
29%
*28 34
291/a
29
29
16
16%
16%
163/a
16%
16%
161/2
16%
16%
16%
16%
48
48
47%
48%
48%
49
49
49
49
49
48
22%
22%
22%
22%
223/4
22%
23
23%
23%
23%
99
98%
*10%
99
*10%
10%
10%
10%
10%
*113%
113%
99
113%
*113%
113%
113%
9%
9%
10%
*113%
99
98%
#Q
99
*91
9
9
9%
94%
*91
94%
*91
*98%
*9
99
*98%
103/4
10%
11
103/4
113%
83
*82
83
83
83
*82%
*32%
33
33
33
*323/4
33
9%
9%
*9
42%
42
*28
91
91
83
32%
33
.400
19,300
9%
9%
101/8
10
10 J/4
'9%
10
42%
42%
44%
43%
44%
431%
44 3/4
29%
29%
*28
291/a
-28 J/a
29%
*29%
-
29%
29%
30
293/4
*29%
293/4
293/4
293/4
6V8
253/4
61/4
25%
6%
6%
61/4
6%
*6%
6%
25%
25%
25%
25%
25%
25%
*31
31
31%
124%
53%
*39%
*108
31
124%
*124
53%
54
54
39%
40
40
109%
*108%
31
124%
124
53
40
108%
*108
*108%
110%
111
*108%
;
-
321/4
124%
124%
Mesta
53
53 J/4
40%
40%
40%
108%
*108%
53%
*108%
111
1st
112% Feb
i
Jan
<
38%
—
par-
115 J/4
Aug
Jan
103/4
Apr
89
Feb
28
82
Jan
4
91
Apr
>27
673/4
70
Jan
3
83
May
3
34 J/a Mar
9
60'
27
4%
20
10/)
Jan
Jan
'
Feb
Jan
:
26
6
July
323/4 Mar
Jan
Apr
25
53/4
27J/a Jan
4
18%
Jan
27 J/a Jan
13
321% Apr
12
201/a
Jan
341/2
Jan
4
7% Mar 18
-
Apr
553A Feb 18
41
Mar 31
4
36% Apr 26
—
;
Sep
3L7/r Jun
"
128
July
.'Apr
—
109
3
Mar 17
107
Feb
110
112
Mar 13
108% May
Apr
Apr
9%
30%
,,
JaiT"
.
78% Sep
343/4 July
121/4 July
42
25
Jan
23% Sep
243/4 Feb
105
preferred series C
Sep
Feb
8
10'/a Feb
116J/a Jan~—4~—125
Jun
6
113 »/a Apr
Mar
Apr
25 3/a
11%
9
IO1/4 Jan
50%
.
—
Jan
3
6
preferred——100
Jan
,
Oct
29
Sep
16% May
6J%
101
11% Mar 22
31J/8 Apr 28
8% Jan
4
113%
-14% Jan
'9
Oct
Sep
22J/4 Aug
173/4 Sep.
11%- Jan
25
Mar
36
110
Jan
104
Jan
19% Jan
8% Jan
13
Feb 25
24
100
7 J/4 May
Jan
12%
Jan,
Minn-Honeywell Regulator—Wo par
4% conv pfd series B
—100
4J/4%
52
1
27% Mar
Jan
100
3
173/b Mar 20
29
32
s
21% Feb
11
Jan
1121/a Apr
9
2,400
vV:'
13
Feb
40% r
111
21/2
24% Mar 27
10
40
*108
35% Apr
110
7
18
46
111
Sep
Jan
19% Nov
6'/a Mar 16
Apr
Minneapolis & St Louis Ry__Wo par
40
Aug
60
6
21% May
1,000
/ *108 3/4
176
Jan
97
52
v,
Jan
37
109% Feb 23
52
40J/4
39%
165
321/a Mar 10
53
*52
*108
Steel Products——Wo
cum
24
Mar 20
19-% Jan v 5
125
*108%111
8%
27
Jan
31
Midland
230
22% Jan
175
/ 58
3
1,100
"V
22
4
106'/a Mar
125
Jun
July
July
31% May
Jan
Co
73/o
43 J/4
14
2
4% Mar
•
May
27
2
Mar
8
July
24
5
19% May
.
Apr
xl7
>
>28% Jan
27
1,200
'
Jan
24
18%
;
47% Apr
31 J/a Mar 25
4,400
32
63/4 Feb
Sep
4
443/4 May 12
6%
125
3%
3
4
261%
:.
Dec
20 3/a Mar 27
1
6i/a
31%
143/4
3
Jun
Apr
43/b July
6 3/4 July
Jan
Jan
25%
31%
Jan
9%
8%
Jan
9
Mar 16
Mar
6 J/4
31%
124%
3'/a
5
15
par
Merch St Mln Trans Co—i_Wo
400
.
5
7% May
18% May
37
26J/4
26
Jan
25
5
Miami Copper—-,—,—
—5
Mid-Continent Petroleum—'——10
*6%
:*3i%
31
124 J/a
—1
Co
300
Machine
1%
Mar 20
29%
28%
19%
47'
29
*273/4
Jan
163/4 Mar 21
—
■
*29
14%
Apr 27
■
1,390
9
Mar
12
Feb
——Wo par
$6 preferred series A
No .par
$5.50 pfd ser B w w——Wo par
Melville Shoe Corp—
1
Mengel Co (The)-.—:
1
5% conv 1st preferred
50
210
*785/8
33
Jan
14
preferred——,-100
conv
5
Jan
320
J/4
6
Mar 24
303/jMar22
Mead Corp
.
60
r:
83
*32%
6%
50
500
8%
3
16
243/4 Mar
(
Jan
3% Mar 17
19
52% Feb
Wo par
Stores
20% Mar
170
—18
preferred
McLellan
1,200
115
8%
9%
30
:
Nov
13
'
33%
27
Mclntyre Porcupine Mines..
McKesson & Robbins Inc
42%
9%
42
*28
•29%
1,800
2,900
10%
*113%
91
83
83
33
:
9
*89%
91
*82
*31%
*41%
113%
9
113%9%
91
94%
99
48
23%
99
Nov
315
; 8
—5
McGraw-Hill Pub Co..—
.$4
15
15
3/a Jan
No par
2,200
400
'5
Feb
8
17
25% May
Co_____.—-1
McGraw Elec
200
28%
16
*28
Jan
370
4% Jan
37% Apr
-10
-No par
$3 preferred
No par
$6 1st cum preferred——Wo par
McCall Corp
*
McCrory Stores Corp
—1
5% conv preferred w w—100
Mar 30
16% Jan
par
.100
16%
21
Jan
6'/a Jan
Maytag Co__
"366
112%
No
'
12
12% Jan
par
—1
preferred
7%
Jan
Jan
13% Apr 27
par
No
10
303/4 July
15J/4 Dec
2% Jan
...1
No
Corp
Corp.
May Department Stores
;
*22 S/8
112%
16%
16%
112%
2,700
■
"223/4
*33%
34%
*109%
*109
23
—"-V
Mathiesoii Alkali Wks—
600
;
'
175
Co__
Jan
183/4 Feb 24
_Wo par
Elec Co——..._—
Master
25%
-*25%
(Glenn L)
19%
25
10% Feb 14
.100
prior pfd
2,100
Jun
32% Feb
3
6% Apr 24
—5
Corp__„__.
Market St Ry 6%
'
6%
61/2
46%
Midland
Marine
14
175
5%
*109%
17
19%
■
6,140
14
19
14
45%
26
54
5%
22%
13%
-
19%
54%
*111
14
18,900
18
*172%
/
175
*54
.
14
3,500
7% ;
7
-
,
Nov
371/4
21
15% May 12
,
—1
Maracaibo Oil Exploration
138 J/a
Jan
315
par
-25
—
17
18%
6%
*25
20
*172%
17%
2%
2%
7%
7
7%
46%
'
45%
*25
23/4
23A
2%
18 3/8
14
14
19%
7
17%
-Wo
Manhattan Shirt
20%
*19%
Co
July
28
Feb
14
-10
7%
15%
390
*355
'
"•
Jan
133
39% Mar 22
27J/2 Jan
par
.No per
Co Inc__^
Madison Square Garden____. .No par
200
16
15%.
15%
390
,
20%
1
26
34% Jan 27
135
Macy (R H)
16
No
Mack Trucks Inc—
31%
/
-10
Forbes
&
preferred
6%
Mar 17
107
Nov
113%
3
Feb
,■
•
6%
7
6%
*99%
102
*99%
*20%
2%
20%
21%
,
*99%
-
20%
2%'
2%
6%
6%
102
*20%
23/4
6%
*2%
102
20 J/a
20'/a
23/4
234
6%
7
*993/4
6%
102
*100
201/a
6%/
7
101%
101%
200
$6.50
20%
20%
20%
1,800
12%
12%
12%
12%
12%
12 '/a
12%
12%
12%
12%
33%
33%
331/4
34
333%
333/4
33%
33%
*331/4
75%
75%
76
*113 %
115%
:>
*114
1171/2 ;
116
*110J/2
111%
110%
43%
24%
18
24%
25%
!
18
28
5%
83%
17%
*113
*113
116
*109%
116
116
110
110
109%
110%
42%
39
*37%
24%
243/4
17%
17%
76%
76
*112%
*112%
116
1093/4
1093/4
39
37%
3 7 S/8
24%
24%
24 %
173/4
5%
1,100
173/4
17
17%
*17%
Dec
119
J%
Dec
121
III1/2 Apr
114 J/2 Aug
3,400
115
74
74
*72
74
*112%
115
*112%
112%
113%
*73
751/2
*73
74
75
833/4
22. V;.
*71
112%
*112%
'
74
9%
9%
9 3'8
91/2
9%
9%
9%
93/4
95/s
*46%
47 3/4
46%
46%
*46%
47%
47%
47%
471/8
*%
32
12%
12%
12%
30
10
Jun
20% Mar 22
11 J/a
Jan
18%
18
21%
Jan
31
Mar
,61/b Mar 22
2 3%
Jan
7
Jun
48
400
„Wo
26% Feb
3
29
v
4*
>
Jan
50
July
Oct
Apr
9
53
Jan
77
Jun
20% Apr 29
23J/2 Mar 27
15
Jan
23'/a
Jun
70'A Feb
76% Mar 22
62
Apr
791/2
Sep
111
July
72
Jan
843/4 May
3.
10
1121/4 Apr
10
8% Jan
.43% Jan
116% Feb
24
117
10% Mar 13
11
3
-No par
& Bro—
Myers (F E)
;
par
4% Jan
11
4
-100
Murray Corp of America—
/ 5,000
*46'/a
471/4
n
Murphy Co (G C)—.
43/4%' preferred—,.
9%
'9%
Jun
17
Munsingwear Inc
200
112% •
112%
115
100
•
273/b
Jan
$7 preferred—w-—— —No par
-No par
—
310
83%:.
391/4
Jan
9 J/8
1
' 5% •
*213/a
Jan
13
Mullins Mfg Co class B—
5%
.
31J/2
7
5%
22
5
1
18J% Mar 16
19
53/4
84
391/2 Apr
26% Apr
5%
*21%
—No
1
5%
*81
Jan
i—
Wheel Corp
Brass Co-
Mueller
22
Nov
33 J/4
Motor Products Corp.*
Motor
84
106 J/a
47% Mar 15
151/2 Jan
16% Jan
800
84
26
41% Apr 26
35% Jan
800
Apr
107% Jan ' 5
21 J/4 Jan
>
Jun
Mar
par
par
19 %>
92j/2
par
_——50
28%
•
-No
—No par
5
19
*21%
81
25
Essex—i—
(Johnj; & Co..—
&
27%
843/4
115
-No
preferred series C_.._.
& Co.i
191/4
21%
Dec"
75%
116
28
21%
Apr
Nov
113
19
.
11%
303/4
18
28
5%
Jan
Jan
14
19
•5%
8
24
Morrell
.
May
Jan
27%
•
34
211/4 May 12
Jan
Morris
2,800
;
3%
17J%
153/6 Mar 21
3
117'/2 Jan
$4
100
-24%'
23 3/8
Jan
May 11
117
Chemical Co—-
Montgomery Ward
11,300
39
*37%
„
50
43
29
21
27
19
84
3
20
par
29
27%
21%
8% Jan
100
—
July
July
3% Mar
Jan
19%
84
98
25
Jan
743/4 Apr
27%
83%
Jan
Jan
3/4
22
112 J/4 Feb
27%
*21%
643/4
Apr
6
3% Mar 22
13%
3
Jun
—10
19
5%
IO51/2 Mar 22
5
2'A Jan
1
$4.50 preferred ser A— -No par
-No par
Preferred series B
140
1093/4'-
•742%
43%?
44
17%
173/4
Monsanto
.
:
t-
27%
*19
13
173/4 Feb
—No
Monarch' Mach. Tool_^__
1131/4.
*115
43
24%
700
800
113J/4
43%
39
93 J% Jan
Mohawk
1,400
v
116
*37%
43%
24%
par
10
No par
preferred series A,
Carpet Mills—
7 %
7,300
33%
21%
76 3/a
5%
21%
♦112%
'7o%
113%
333/a
21%
*75%
19
;
.
84
*72%
753/4
*112%
.
21
27%
19%
*27%
753/4
113%
110%
43%
*37%
39
*18%
*31%
:
43
43%
*112%
116
*116
*37%
*75
76
115%
8Vb Mar 22
No
preferred
Corp..—
Mo-Kan-Texas RR———
3,500
12%
113/4
33%
21;
2%
2%
2%
8%
19
Mission
23/a
23/4
4,000
101%
20 J/a
Jan
6J/4 Jan
Moline Power Impl-
Minn
5
51/2
Jan
Aug
11% July
8
34 J/2
Jan
44
%
Nov
Mar
48
Feb
N
12
12%
*34%
16%
9%
12%
12%
34%
35
xl53/t
16%
9
J/4
*9%
v
20%
11
11%
20%
20%
,
*18%
19
*18%
V;
153/4
12%
33
33
15%
15%
153/4
93/8
9%
9%
11%
*11
20%
203/4
*171
175
*181/4
19
15%
15 J/a
15%
15%
15%
28%
28%
28%
283/4
28%
14%
14%
14%
14%
14%
i
9 J/4
1,100
9%
9%
11%
*11%
11 3/8
11%
11% 1
10%
10%
11
11
*169
14%
28 3/a
28 3/a
Xl4%
143/a
151/a
28%
28%
14%
14%
14%
11%';
12
/
113/4
-
2,500
2,900 <
8,600
12
12%
xll3/4
113/4
113/4
113/4
20%
20%
203/4
,203/4
15%
151/a
15%
15 J/a
203%
15%
20%
15%
20%
*15i%
15%
15%
*11%
11 %
*11%
11%
*113/4
11%
*113/4
11%
*113/4
11%
11%
,
11%
32%
3 2'/a;
33%
313/a
•
20%
161/a
15% ■'
151/4
34
333/4
34%
*29%
30%
*29%
30%
30%
31
9%
9%
9%
9%
9%
93%
*92%
33
33%
.;/
33%
33%
*303/4
31%
*30%
93/4
10 J/a
/
30%'
21
21
21
♦169
171
♦146 J/2
18%
6
6
*59'A
;i3%
59
L
13%
13%
92%
21%
*146%
147
147
147
*147
149%:,"
183/4
18 J/a
*30
5%
6
59%
■
59%
18 3A
18
18%
303/4
*30
303/4
5%
6
59%
13%
13%
27%
27%
273/4
81%
88%
82 J/a
*82
88
88
89
*88 %
89%
9%
25 J/4
25 J%
*99
*24%
r
87
87
88J/4
8
8
■
J
8%
*9%
9%
9%
93/4
9%
9%
15%
14%
14%
143/a
14%
26
*241/4
26
*24%
*99
57%
*99
102
*58
58
28%
18 3/4
19%
page
1987.
*28%
19
*99
60
r
28%
19
„
*28%
183/4
*58
*24%
26
*99
102
'
60
26
200
400
27%
28%
900
28%
28%
28
19
19
19
3/a
18%
18 34
6,500
,
16 3/4
5
13% July
July
Sep
Nov
Jan
J/4
211/4
10%
Sep
Dec
Apr
18
29% Feb
3
18%
Jan
29%
121/4 Jan
17
15% Mar 16
103/4
Nov
13 J/2
xllJ/4 Feb
11
13
191/2 Jan
Jun
Apr
8
21% Mar 28
9%
Jan
3
14%
Jan
13 J/4 Jan 29
I6J/4 Mar 23
6%
Jan
11% Jan
5
12
Mar 15
9
301/4 Feb
3
35
Mar 13
X25J/4
Jan
31
May
171/a
Jan
25
26
Jan
9
Feb
5
87% Jan
11
19
Jan
Feb
Jan
19
Dec
Dec
29%
Sep
Jan
Hi/4
Jun
Jan
90 3/8
Nov
14
Jan
20 J/a
Dec
10
160
Jan
178% July
1473/4 May
2
137
Jan
150
Jun
2IJ/2 Mar
8
14%
Jan
22
May
27
Nov
36
Jan
174
18
17% Apr
Sep
12
22% Mar 27
25
141
6
15%
36
70 J/4
103/8 Mar 15
95
7
164
9
J/4 Mar
Aug
143/4 May
21% July
-
Apr
Apr
31% Feb
25
7
—25
57% Feb
62
-10
40
preferred—10
113/4 Feb
15J/8 Mar 16
53A
Jan
64% July
15% May
25% Feb
30J/2 Mar 16
14 J/4
Jan
79J/4 Peb
87
Mar 23
57
preferred———100
83 J/2 Jan
92
Mar. 9
62
——No par
No par
5 J/8 Jan
--No par
Nelsner Bros Inc
—-—1
43/4% conv serial preferred—100
Newberry Co (J J)
No par
5% preferred series A_
-100
Newmont Mining Corp—
—10
Newport Industries
1
5
17
53/4 Feb
prior conv
Nehi Corp
176
20
>-100
-100
(The) Pa
preferred—
prior
23
Jan
162
28 J/2 Apr
Natomas Co—
700-
102
conv
Jan
Apr 21
Feb
3
—4
National Tea Co
1,000
58%'
58%
6%
190
10,"200
*1091/4
*1091/4
*1091/4
*109
28%
*24%
26
102
I
$2
Jan
175
No par
National Supply
5J/2%
Feb
8J/e
1
—10
National Steel Corp—
800:
81/4
26
National Oil Products Co."
National Power & Lt—
400:
.
Apr
11J/4 July
12% July
153/4
Mar 21
18
3,000;
.27%'
81%f
*14%
20
see
8
,
81%
9%
60
*58
For footnotes
8
u-
14%
28%
19%
88%
821/2
14%
*109
*28
8
8
88 %
27
273/4
'
*9%
9%
102
*99
60
*109
8
,
193/8
,
18
22
17% Apr
1,800
13
15
9%
15
102
*58
8%
lOOi
9,400
60%
19%
Nat
Jan
17
4
24
3
preferred B———
Mall' & Si'l Cast Co____Wo par
Apr
Dec
5 J/4
Jan
9% Jan
20 J/2 Apr
J% Jan
6%
Jun
40%
11% Feb
12
10% Jan 31
8
—
151/b
Jan
13
161/2 Mar 21
103/a Mar 22
No par
—10
—No par
—
National Lead Co.
-
1,700
•
6
60%
13
*27%
82
*87%
303/4
6
601/4 '
13
13%
*81%
*29%
70
8
17
preferred—
.10
Products—-"—No par
Nat Enam & Stammng—:
No par
National Gypsum Co—
—i-—1
$4.50 conv preferred
No par
preferred A-
3
Jan
Feb
—1
National Cylinder Gas Co
-i—1
Nat Dairy Products-.
—No par
National Dept Stores—-——Wo par
1%
13% Jan
18
'
13%
28
82%
..'181/4
6
5%
60
60
18%
& Share Corp
Cash Register
37
Mar
Feb
Jan
6
Mar 22
5
9
1%
3/a
231/4
10
13 J/a Mar 13
Jan
165
National Container..
60
V
V 147
30%
30%
.
140
10,9001
19 J/a
*18
27%
13%
27%
8 %
593/4
5%
147,
600'
21
Bond
% Jan
^ Mar 30
II1/2 Apr 24
28
100
6%
9,9001
172'41
172
•
Co
preferred—
Nat Distillers
10,500
10% :
93
20 3 a;
21%
20%
147 v.
82
15%
". 92%
92%
92
172
82 J/4
*9%
21%
*171
28
*15
93%
172
*81 J/a
8J/4
21
*170
*27%
8%
*92%
172
*5%
59%
21
' "934
:
*170
30%
*30
!
92
10%
10
171
18%
18%
30%
*30
■
*1461%
147
93%
21%
171
9%
v
300
•
303%
•
93%
3,000
"
32 3/a
,
11%
12%
20%
.,
Nat
3,300'
—5
—10
Corp
National Can Corp
21
12%
21
7%
9,100
'
Aviation
National Biscuit
Nat
28%
143/4
153/8
Nash-Kelvinator
100
15%
15%
No par
Corp
—5
Nashville' Chatt & St. Louis—100
National Acme Co
1
Nat Automotive Fibres Inc
1
6% conv preferred
—
10
Liquidating Co
National
19
*18%
19
*18%
19
V
7.000
,
174
174
174
700
1,300 '
20%
205/a
20%
20 S/8
21
174
•
20%
33
1,900
15%-;
*9
-
140
11 J/4
28%
28 3/8
14%
20,100
32%
15%
<
15%
15%
12 3/4 '
.
*32i/4 :
33
10%
*18%
123/4
12%
15%
Hi/4
203/4
12%
Nabco
!•'
33
9%
*171
19
12%
U
II
15%
10%
203/4
fir
34
*10%
9%
11 J/4
175
*171
175
♦171
.
*33
16
11
10%
11%
10%
*11
34%
*
,'
8 J/2
Apr
May
4
lOJ/a Jan .14
13% Jan
171/b Mar 16
22
273/4 Mar 22
Jan
96% Jan
12
100
Jan
4
61
Mar 17
110
56
105
52
12
Mar
9
23/a
Mar 13
Jan
Jan
7%
Jun
Jun
8OJ/4
Jun
Jan
88
Jun
2%
Jan
6
Jan
10 J/4
9 J/a
.
28%
Jan
"
7% May
Apr
Jan
193/4 July
16
Jan
251/2
Oct
Feb 21
74%
Jan
98J/2
Nov
Apr
37
Jan
573/4
3
Jan 22
106% Mar
114
Sep
Aug
27% Mar 31
303/8 Jan
8
26%
Jan
371/2
Apr
16% Apr
20
6
10'/a
Jan
19 J/a
Oct
24
May
-
Saturday
May 6
May 8
I
14%
39
*38
38
37
17%
17%
*24
38
17%
18
17%
17%
17%
24%
37
23%
24
*23%
24%
*23%
*64%
50
64
64%
820
*33
35%
*33
64%
JS
*%
193%
192
195
*117%
119
*117%
119
17%
17%
17%
52%
52%
52%
52%
*52%
52%
53
53
8%
8%
8
;
53%
*52%
53%
53%
*53
53%
8
8%
8
*101%
*101%
103
:
113%
114%
114%
20%
20%
20%
20%
20%
*41%
42%
*41 %
42%
42%
13,300
1,510
Northern States Pow
18%
20%
3,100
Northwest
42%
42%
12%
18%
5
5
5
45
*42
45
*42
12%
*12%
12%
*12%
12%
18%
183/4
18%
l87/a
xl8%
49%
50
50%
50%
50%
49%
9%
101%
*101
,12%
12%
19
9
101%
13
18%
19%
*32%
66%
12%
12%
*12
183/4
12%
323%
*32
33
*32
*64%
66
*64%
66
66%
643/4
65
*64%
66
57%
58
58
58
58
58%
58%
58%
583/4
59
*12%
12%
*12%
12%
12%
123/4
12%
12%
123/4
12%
*12
12 %
*42%
44%
*42%
44%
22
*21%
22%
2
July
192% July
Jan
122
Nov
15% Jan
10
18% Mar 15
9%
Jan
18% July
Jan
26
54% Feb
21
49%
Jan
56%
Jun
51% Jan
27
53% Mar 22
48%
Jan
56
Jun
Nov
14%
Apr
8
100
9% Feb
Apr 25
8
24
101
Dec
13
91%
Jan
3
17% Mar 21
7%
Jan
18% May
Jan
31
115% Apr 24
Jan
116% July
112
102
Apr
107
15%
Apr
Jan
31
23% July
,
41% Aug
45%
Feb1
28
16
Jan
27
6
July
Jan
45
Apr
8%
5% Mar 13
8
12% May
Jan
x3%
17
Jan
36
24% Mar 16
43
Jan
14%
Oct
par
173/a Feb
8
20 Va Mar 22
11%
Jan
21% July
par
45
Feb
8
523/a Mar 16
29%
Jan
503/4 July
3%
Jan
8% Apr
Feb
6
10% Feb
5
14
105% Jan
10
83/4 Jan
No par
par
18
100
No
18
100
100
147
Apr
13 Va May
18
Jan
3%
5
Jan
15%
203/a Mar 17
19
Jan
69
10 Va
Dec
105
Dec
10%
Jun
5
215/8
Jun
Co
Jan
154
Sep
31% Apr 26
37% Jan
11
28%
Jan
38
64
i—_.—
65
Jan
24
46
Jan
673/4
Apr
Oct
59% Jan
18
54%
Jan
64
Jan
8
142
Mar 30
153
May 10
—
'
55% Feb 29
12.50
Co—
Glass
Owens-Illinois
2,300
38
Jan
No
preferred
Outlet
20
64 %
58%
58
Jan
113
52
par
Outboard Marine & Mfg—„
'
33
23
26% May
Nov
162%
17
Feb
122
2
Xl3 % Jan
conv
6%
12%
38% Mar 13
1997/e Feb
1% Mar
f(r Jan
Equipment—,__No
Farm
Otis Elevator
180
*32
3
12
8%
2,400
33
*32
4
4
Omnibus Corp
800
18%
33% Jan
183% Jan
May
10
19% Mar 11
3
118
% Jan
■
14% Jan
2.50
(The)
preferred A
Oppenheim Collins
12
Dec
% May 12
Jan
Norwich Pharmacal Co
180
148%
54
40% Jan
4,500
18%
Jan
3
50
9 Va
113/4
Dec
28%
Jan
3
Oliver
*147%
132
No
Ohio Oil Co
147
Jan
1
1,400
18%
18%
147
147
May 4
68% Apr 10
63%
19
15
8,900
12
*11%
18%
183/4
Dec
160
Jan
4% Jan
18%
101
Dec
32%
50
Preferred
300
8%
13
Jan
17% Jan
493/4
100%
May
Jan
16%
37% Feb
18%
9
26
6%
Mar 15
par
49
1013/4
Jan
Mar 15
39
1
Airlines
18%
9
*101
102
147
1473/4
*147
33
*
33%
102
14%
15
22
50
Telegraph—
_No par
Norwalk Tire & Rubber
500
12%
12%
28% Mar 14
3
27
50
$5 pfd
50%
50
9 Vo
9
1013/4
18%
147%
147%
148
9
9
101%
9%
5%
74% July
52
Northwestern
50
45
*12%
V
5
*42
18%
18%
50
*5
45
12%
12%
18%
5
*42
5%
*42
*12%
5
45
5%
5%
114
114
26% July
Jan
No
15%
114 %
20%
42%
Jan
50
Northern Pacific Ry
14%
*41%
114%
20%
11
31%
100
*113%
*'
15
15
15%
10
May
28% Mar 22
10
5%%
6,400
8
20
78% Mar 23
129
100
preferred series——
preferred series
North American Aviation—
Northern Central Ry Co
•2QP
44% May
Jan
4
5
6%
600
*53
114%
*41%
:
45
*64%
*52%
20
42%
I3,ioo
8%
15
non-cum
North American Co
Jan
10%
3
Jan'
100
w
pfd_
Adjust 4%
17%
17%
17%
15%
20%
*31%
17'%
Noblitt-Sparks Industries& Western Ry
May
27%
11% Jan
1
Shipbldg Corp part stk
Norfolk
119
*117%
119
53%
*101%
15%
800
*114
114%
20%
*41%
14%
100
195 %
53%
8%
101%
37%
15
-
15%
114%
101%
103
*101%
103
8%
4,600
15%
17%
53%
8
8%
119
*53
53%
$N Y Ontario & Western
15%
195
& West Ry Co
Y Lack
102
94% Nov
Mar 13
30% Jan
—150
100
100
NY & Harlem RR Co
N
21% Mar
24% Jan
No par
No par
No par
preferred
$ per share
Dec
12
20% Mar 22
40
3
19% Jan
62
Highest
$ per share
2
102% Mar 10
5
25
100
Dock
$5 non-cum
3
Jan
35% Apr
15% Jan
100
preferred series A
City Omnibus Corp
York
13% Jan
15% Feb
97
6%
N Y
*36%
195%
*117%
N
2,300
H5'
16%
36%
195
17%
%
36%
X16
195
*117%
53
53
%
17%
194%
17%
*53
%
37%
*37
119
17%
17%
65%
%
17%
194%
*33
35
65%
*%
17%
17
14%
65%
65
65%
*%
65%
64%
26
*160
175
*155
175
*155
193%
'■'147
*160
35%
35%
37%
19%
100
*33
*36%
*12%
35
35%
17%
101
New
*13%
37%
9%
N Y
600
25%
14%
17%
*49
900
14%
73
26
*36%
*4%
25%
14%
73
26
*13%
17%
*42
25%
72%
14%
37%
15
73
3,100
72%
26%
17%
*101%
500
72%
14
*36%
•
23%
71%
72%
%
*117%
17%
23
26%
65
%
193
17%
23%
14%
160
Central
Y Chic & St. Louis Co
18
$ per share
share
No par
No par
York
23%
26%
160
175
25,100
New
Year 1943
Lowest
Highest
No par
Air Brake
York
17%
72%
35%
*33
*160
New
24%
14%
14
300
37%
18
71%
26%
*13%
14
106
x37 %
Dock—1
Newport News Ship & Dry
$5 conv preferred
4,600
Xl3 %
*101%
14%
*38
*26 %
-72
72
*26
I
38%
*38
39
*101%
106
*101%
$ per
Par
Shares
shart
106
14%
14%
14%
14%
106
*101%
106
*101%
106
14%
14%
14%
14%
*101%
$ per
$ per share
$ per share
share
$ per
S per share
per share
May 11
Range since January 1
Lowest
EXCHANGE
the Week
May 12
STOCK
NEW YORK
for
Sales
Friday
Thursday
May 10
May 9
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
T"esday
Monday
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1984
July
p
22
*12%
12%
12%
*11%
12
*42 %
44%
*42%
44%
10%
'•
21%
21%
22
21%
*42
43%
*15
32
31%
32
32
43
42%
42%
43
43
43
43
38%
38%
38%
118%
118%
155%
*155%
156 %
4%"
4%
*14%
*9Va
2%
25
25 %
25
94'/a
88%
*1%
1%
1%
26%
*9%
9%
111%
111
2%
27 Va
-
„
25%
24%
25
25
91 %
93
90%
92%
l5/«
1%
*1%
1%
1%
27 %
27
13/4
■
193/a
19%
*19%
19%
19%
19%
*19%
>5%
6%
6%
63/a
6 3%
63/i
6%
6%
6%
17%
173/4
*17%
17%
17%
17%
*17%
17%
54%
54%
53%
53%
53
99%
99%
99
99%
99%
14%
14%
14%
14%
14%
14%
14%
14%
15
2%
2%
*2%
2%
:»•
*38%
39%
38%
38%
29%
29%
29%
*24%
24%
*24%
24%
*57
573/,
57'3/4
573/4
7%
7%
29
*7
.
48%
48%
49
53%
53%
*52%
100
14%
14%
14%
14%
2%
2%
2%
2%
383/a
383/a
38%
38%
38%
38%
17%
29 Va
•
29%
293/a
29%
*23%
24%
*24
*57%
58
*57%
58
7%
7%
*6%
7%
*6%
7%
48%
48%
48%
48%
47%
48%'
8%
*8%
8%
41%
*8 Va
*8%
41
41
*25
8 Va
8%
21%
51%
50
*97
19%
19%
19%
10%
10%
*24%
24%
135
*102
51 j
5%
67'/a
68 %
*7%
7%
*79
79%
*13
13%
175
*163
*185%
5
!a
—fc
5%
7%
*7
29%
86%
86%
86
109 %
109%
*109
110%
110%
44
*10%
*24%
*102
*5%
67
7%
*79
13%
*169
*104
5%
48%
14
87
19%
19%
19%
4,500
24%
119%
13,000
87
86%
87%
2,500
86%
109%
109 %
109%
109%
*109
111
111%
112
112
112
112
*112%
13%
*13
14
111
105
104%
105
*13%
105
13%
105
114
50
13
13
100
*105
110
40
10%
10%
10%
500
24%
1,300
x24
*102
24%
135
5%
67%
5%
67%
67%
7%
*7%
7%
*79
13%
*169
175
79%
13%
24%
*102
*5%
135
24%
*102
~5%
5
~5
7%
7
7
*88
24%
135
5%
*5%
5%
24%
*5%
67%
66%
66%
64%
7%
7%
7%
*7%
79%
79%
*13
13%
79
13
175
*169
175
190
*185%
5%
*7
79
13
*169
190
12%
185%
5
5%
1,900
6%
6%
400
*88
30
7%
47%
800
5%
59%
60
130
14
14%
14%
14%
*13%
14%
*13%
14
600
11%
100
*70
17%
*170%
12%
*11
70%
71
*70%
17%
17%
17%
22
73
*70
73
17%
*17%
22
*11%
!7%
22
22
11%
11%
11%
11%
11%
11%
11%
*11%
12 Va
*11%
11%
*11%
12
*11%
12
37%
37%
*37%
38
*37%
38
*37%
37%
14%
95%
108%
*117%
14Va
95
103%
54%
54
*118%
14%
95%"
103%
14
54%
119%
14V4
54
119%
14
54
119%
14%
20
71
17%
11%
*21
119
.
1,000
&
900
9%
2,500
11%
2,600
11%
11%
*11%
12
100
*37%
37%
37%
37%
400
53%
53%
53%
53%
3,300
*119
13%
120
14
118%
13%,
119
130
14
5,600
95%
95%
95%
95%
95%
95%
x95
95%
760
103%
103%
102%
103%
103%
103%
X103
103 %
450
108 %
108
108 %
108
108 %
108%
108 %
108%
108%
xl06%
106%
460
118
118 Va
118%
118
118%
118%
118%
118%
119%
xll7%
117%
410
F«y footnotes sen notre
1Q87.
Jan
493/4 Mar
6
No par
No par
& Iron Corp
July
45 %
Dec
Jan
10
Jan
106
July
27
27% Mar 16
15%
Jan
30
July
57% Jan
18
95% May
723/4
106
Jan
17%
Jan
1% Jan 28
1% Mar 27
15% Apr
16
1%
Jan
3
27%
Jan
Jan
16
Mar 28
Jan
Nov
29
Jan
24
51%
Dec
60% Mar
80
Jan
13
Nov
May
3% Jan
15% Apr
15
2% Jan
24
1%
Jan
Jan
15
33%
Jan
18% Jan
26
May
100%
Sep
20% July
9%
Oct
3% Mar
45
Jun
17% Mar
13%
Jan
10
108%
Jun
Mar 21
23%
Jan
32%
Apr
24% Mar 22
17%
Feb
24%
Sep
61% July
25% Jan
3
30
21% Jan
15
Jan
4
5% Jan
6
24
6% May
1%
16%
41
Apr
19% May
3
5
16% Mar 13
Mar 17
Apr
May
15
7% Mar
9
Dec
23A
32
20% Feb
112
46
8
Jan
,
110% Mar 17
55
100
25
Jan
•
113
Dec
9
46%
Jan
14
1%
Feb
53% Mar 16
28%
Jan
59% July
63
Mar
8% Apr
7%
Sep
10% Jan
3
15% Mar 21
5%
Jan
16 % May
54% Jan
4
69
Mar 24
34%
Feb
58% May
33% Jan
5
46% Mar 24
19
Jan
41% May
23% Mar
6
26% Jan
8
23
Feb
26% May
Jan
10% July
7% Feb 29
9% Jan
6%
12
•
7% Jan
3
40% Apr 26
20% Feb 14
9% Mar 13
49% Jan
Nov
37
Jan
68%
Jan
52% Mar 17
5
98
26
Feb
25
82
106
3
Mar 28
3
16
Jan
183/4 Aug
24 Va
Oct
Jan
13
7% Apr
18
61
25%
Sep
133/4
jan
26%
Jun
10
109% Jan
5
104%
Nov
113
17
109%
Jan
1173/4
5
11
73/4
Feb
14
July
79%
Jan
100
July
114% Jan
May
Apr
71
Feb
90%
Jun
July
Jun
Jan
5
42%
Nov
50
11% Jan
3%
Jan
10%'Dec
25% Feb
7
3
18%
Jan
26
May
Jan
102
Jan
Feb
21
3%
Feb
21
34%
Jan
47
102
27
Sep
Dec
Mar 15
14
Jan
Sep
91%
22
Apr
105
5
X51%
31
14
9
Apr
4
23% Feb 23
Jun
88
11
19
8%
29% Mar
28
118
19
Apr
24
25% Feb
Jan
43
Apr
21% Jan
Apr
11% Feb
108
X98
Jan
20
3
Apr
24% Jan
5%
-
17
88% Jan
117
•
■
22% Mar 16
49% Jan
19% May 12
24
Jan
3
y
7
75
Feb
Mar 24
5
Jan
May 5
14% Mar 13
59
Jan
8%
80
Apr
73/a May
683/4
9
Dec
Mar
77%■ Jun
68% Feb
25
11% Jan
164% Jan
9%
Feb
25
171
Mar
168%
NOV
168%
Nov
Apr
3
186
May 12
170
Jan
182
Aug
4% Jan
4
Jan
—No par
5% Mar 24
Forglngs Co
& Chic Ry
preferred class B
preferred class A
pr
—
183
4
3
153/8 May
6%
Jun
10
4%
Jan
10% May
Jan
10
59%
Jan
90
46% Apr 27
61% Jan
10
24
Jan
52% May
57% May
64
Jan
10
56
Dec
6% Apr 25
3
82 y8 Jan
99
100
.
pfd
4
9% Jan
No par
100
100
Pittsburgh & West Va—
100
Pitts Young & Ash Ry 7% pfd—100
Pittston Co. (The) ;
1
Class B preferred
100
Plymouth Oil Co__
5
Pond Creek Pocahontas
No par
Poor & Co class B
No par
Pressed Steel Car Co Inc
1
5% conv 1st preferred—
5
5% conv 2d preferred
50
Procter & Gamble
No par
5% pfd <ser of Feb 1 '29)
_100
Pub Serv Corp of N J
No par
$5 preferred
No par
6%
preferred—
—100
7% preferred
100
8 % preferred
100
1st ser conv
Jan
4
1
10Q
100
preferred
preferred.
5%%
35%
8
Oct
113% July
23% Jan
100
100
,————100
Pitts Screw & Bolt
88
*170%
25
Pittsburgh Steel Co
59%
113/4
103 %
7%
47%
11%
14%
$5 conv
88
12%
No par
5
Louis Ry Co
preferred
Pittsburgh
59%
x9%
95%
6%
48%
*11%
—100
Hosiery—
Pitts Coke
90
♦170%
No par
Pittsburgh Coal of Pa
48
12%
100
series
Pillsbury Flour Mills
*59
12%
3
10
100
preferred
Pnoenix
90
*170%
4%%
—
Phillips Petroleum
59%
9%
103%
7%
par
—No par
—100
preferred
Preferred
par
—1
25
50
No par
com
Phillips Jones Corp
49
14%
S
Corp——
Philip Morris & Co Ltd
Preferred 4%% series—
*58
*9%
54
Jan
2
10
America
preference com
*88
22
119
$1
*48%
10
54%
20
186
7
22
119
105%
2% Jan
37% Feb
100
100
100
Philco
59%
22
1
3% Mar 25
3
No
Pitts Ft Wayne
5%
*9%
54
400
7
*21%
*118%
80
12%
*5
10%
-11%
600
7%
*9%
*21%
1,100
7%
5%
10%
9%
66
600
175
10
22
3
18
Brewing Co
No
& Co Inc——
Phila Electric Co.
48%
17%
11%
9% Jan
-,
preferred
90
73
9%
5%
79
79
*169
$6
48%
*71%
43% July
Jan
13% Apr
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
60
72
Jan
100
Co
Apr
Jan
7%
7
100
5
2%
93% Feb
-100
50
5
100
17% July
23%
58
No par
No par
Jan
8
112% May
8
2% Jan
6% May
10% Mar 17
18
109% Jan
Jan
9
43/8 Mar 17
333/a Mar
26
10
No par
Pitts C C & St
135
*102
*7%
67
*185%
175
*185%
12
*21%
130
10%
13%
27
3%
Mar 23
15
29
3% Jan
51% Apr
(Chas)
4.4%
29%
86%
86%
2,100
119%
29%
10%
24%
*71
•
24%
24%
*117
29%
10%
*11%
17%
29%
210
10%
12
17-%
24%
*117
790
97V4
10%
*11%
17%
29%
50%
97%
10%
*170
*170
24%
119%
11,400
20%
50%
6,200
79%
12% Feb
28% Apr 25
20
1
Petroleum Corp of
21
21%
50%
97%
44%
5%
Oct
3
Milk Co
Pfeiffer
44
48%
*59%
29%
19%
Pet
Pfizer
44%
24%
Sep
160
21
7
Co-
—
600
44%
135
119 %
Dec
1 147
26
4% Jan
Co
prior preferred
preferred—
300
8%
Ry
Pere Marquette Ry
42
44%
90
14 Va
24%
*117
19%
21
50%
*97
2,200
44%
48%
59%
;
51
300
44%
89%
14
29%
19%
21%
97%
5%
44%
49
59%
24%
119%
21%
5 %
600
8%
8%
8,/«
200
44%
♦185%
*7
111%
*13
90
*37
24%
*117
■v
*8%
97%
97%
8%
200
25%
41%
21%
50%
19%
*25
8%
51%
97%
25
41%
21%
19%
25
*8%
51%
97 Va
253/a
41%
21%
19%
41%
8%
51%
97
41
Eastern
&
Pepsi-Cola
41%
41%
21%
97%
41%
2,600
12%
64
*41
8%
51%
44%
Jan
Feb
18% Feb
Glass Sand Corp.
Peoria
100
64
*12
41%
8%
41
21%
44
91%
10
53/4 Feb
3
10
No par
Corp
Cement
500
■■/•<'
•
48%
*104
28% May
31
preferred—
——-1;
Pennsylvania RR
Peoples Drug Stores Inc__
Peoples G L & Coke (Chic)
13,400
24%
58
25%
*103
Jan
No par
1
Corp
200
29%
29%
7%
14
19
27
5%
24%
8%
*13
Dec
45 Va July
157
11
8% Feb
Jan
31 %
Jan
26% Apr
$7 conv pref ser A_
Penn
*57%
25%
•
400
39%
18
*24
25%
-
*38%
*17
58
12%
14
Penn-Dixie
24%
65
112
Penn
1,100
24%
65
*13
2,000
2%
29%
12%
*110
13%
2%
*110%
*110%
—
Coal & Coke
13%
•
29%
*25
.
w
18
*17
18
*17
*110%
12%
*108% 110%
117% Apr 27
Jan
16%
Jan
43% Apr
No par
Enterprises
15
48%
30
10
4% Jan
Mar
23 %
40% May 10
121% Jan 12
3
25% Jan
Apr
July
33
3
33% Mar 28
10
149
1
5
15% May
3
Jan
2.50
No par
10
Ford
&
Penney (J C) Co
Penn-Central Airlines
2%
*57
Penick
9,800
64%
86
53%
*7%
24%
600
2,200
25%
86
Patino Mines &
Mines—1
No par
Parker Rust Proof Co
14
25%
29%
1,900
17
48%
119%
1
1
Parmelee Transportation
99%
*62
29%
8,000
14
*12%
24%
600
6%
99
13
*112
19%
Davis & Co
14%
65%
30 Va
Parke
99%
*63
24 Va
5,400
14%
*12%
1193/4
27 %
7%
8%
15% May
39% Jan
Jan
Consolidated
Utah
99%
413/4
24%
27 Va
&
14%
*41%
*116
Park
53%
13
*8%
25% May
45
Inc
Park
2,500
53
66
*40%
Tilford
21,800
1%
16%
*63
v
Jan
103
Inc
Pictures
Paramount
92%
6%
*12%
83/4
r
14%
100
preferred——.
1%
6%
12%
41
8,900
25
25
—No par
Inc
Cos
conv
99%
41%
*8%
4%
14%
41%
*40%
Paraffine
*99%
43
*41%
300
300
—
14%
2%
*17
20
65
12%
*62
2%
17%
17
53
*110%
*110%
—
,
V
233/4 Feb
/.
*14%
17%
*17
17%
*16%
*110%
Panhandle
49%
89
No par
Corp
19
27%
27
273/a
,19%
■
i
,
1
10
5
Petrol & Transp
5
East P L 5.60% pfd-100
Prod. & Ref.
1
Pan-Amer
240
243/4
253/8
91%
'
*2%
—
—
Pan American Airways
Panhandle
*105
'27" ■'
'
9%
111
100
—100
& Teleg
preferred
49%
2%
49%
*105
27
•
*9 Va
111
49%
49%
*105
27
*19
9%
No par
————No par
Mills-—
Pacific Western Oil Corp
5,600
-'
55
30
Packard Motor Car
17,700
111%
*111
3
*2%
*49%
4
30
90
95%
1%
.
'
W**
30%
3%
29%
4
13%
Jan
25
& Electric
Gas
Pacific Tin Consol'd Corp
200
14%
14%
14%
Jan
23%
3
6%
4,000
30%
6%
4
18
Pacific Telep
150
4
13% July
28
Va Jan
Apr
Pacific
130
155%
Jan
Apr
48
17% Jan
Pacific Lighting Corp
16,300
119
*118
25
25%
92 Va
■
2%
49
49
*105
'
*105
111%
3%
30%
*9 Va
9%
111%
*14%
4
30 Va
30%
4%
.
14%
4
4
30 Va
49
*48%
—
'
—4.
4%
14%
2%
2%
3
3
-*48%.--49-—
*105
5
5
3%
112
*111
112
155%
4%
9%
*9%
9%
*8%
*111
156
14%
30%
30
30%
30%
118%
156
4%
4
4
4%
4
1183/4
*155%
4%
14%
*14%
14%
*14%
39%
383/4
40
156
155 %
73/4
13
41
Pacific
500
119
155 %
5
4%
43 %
40
39%
3/8
42%
13% Mar 23
3
preferred non-cum
No par
preferred non-cum___.No par
Pacific Finance Corp (Cal)
10
2,600
43%
*42%
3
8% Jan
1st
-
32 %
38
119
*118
—
32%
119
38%
38%
39%
118%
155%
■l'-.
L+r
323/a
32
32%
*117%
T
*15
'
W—-
31%
*42%
-
*15
32
32
10% Jan
8
10
Co
2nd
20
448
22%
213/4
22
*21%
'
*15
*15
*15
42"
Coast
Pacific
560
11%
42
113/4
ll3/4
12%
12
12
Pacific Amer Fisheries Inc
V'V.. 800
3
8% Jan
6
25
70% May 11
17% Mar 21
Jan
150%
11% Jan
7 Va
Jan
13/4
75
July
Mar
16% Mar
168
Nov
Jan
103/4
Dec
20
Jan
74 %
Dec
14%
Jan
213/4 July
22% May 12
18
Jan
23%
Apr
Jun
14% Mar 22
79
19
Feb
Jan
15
5
17% Feb
3
19% Jan
15
8% Apr
11% Apr
25
11% Mar 16
25
13 % Mar
4
Jan
13
16
63/a
Jan
13% May
13 % Mar 16
Jan
13
Jun
11% May 11
6%
43
Mar 16
243/,
Jan
40%
Jun
35% Jan
15
48%
Jan
58
123
10
52% Apr 25
116
Mar 25
13% Jan
3
87% Jan
3
Jan
3
96
Sep
58
Jan
120
Jan
12
114%
Apr
15
Feb
25
IP/a
Jan
19
4
Apr 13
75%
Jan
85%
Jan
107% July
96%
Jan
10
108%
Nov
114% July
129 % July
96% Apr
105
Apr
104% Jan
4
110
113% Jan
3
119% Apr
Feb
17%
Apr
96%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
Volume 159
LOW AND HIGH SALE PRICES
Saturday
$ per
May8
5 per
share
*115%
118
116
116
116
Thursday
May II
$ per share
$ per share
share
STOCKS
Wednesday
May 10
Tuesday
May 9
Monday
May 6
*116
116
116%
$ per
*116
Sales for
May 12
$ per share
share
116
116%
EXCHANGE
116
150
41 >/4
41
43%
42%
43%
42%
42%
42%
43
41%
42%
23,900
16 Va
16%
16%
16%
16%
16%
16%
16 %
16%
15%
16»A
7,400
104%
23
*22%
23
X22%
22%
600
13%
13%
13%
13%
*13%
13%
13%
13%
900
8 3/4
8%
16.900
70 3A
70%
800
*111
104%
112
*111 %
104%
*111
112
105
112
200
105
1,200
Year 1943
1153/4 Apr 28
37>/a Jan
S per share
Lowest
J per share
U93/4 Feb 15
Hi| hest
$ per share
1133/a Nov
122
Aug
July
3
45
Marl6
263A Jan
40 %
par
100
15% Feb
3
18
Mar 22
11
Jan
19 >1 July
1095/b Jan
103
Quaker State Oil Ref Corp.
loi
share
•
100
105
22%
111%
104
23
$ per
No par
.No par
_ao
...
22%
111%
104 Va
*22%
Pub Ser El <fc Gas pfd $5Pullman Inc—..
22%
111%
104
23
par
Pure oil (The)
6% preferred..
5% conv preferred
Purity Bakeries Corp
*111
1041/2
23
Range since January 1
Highest
Lowest
Shares
411«
1041/2
Range for Previous
NEW YORK STOCK
the Week
Friday
16 Va
*110% 111 1/3
1985
...
12
113>/4 Feb 13
1043/4
Feb
Jan
15
107
Feb
9
92 3/s
Jan
114% July
107% July
No par
19 3/4 Jan
14
23
May
3
133/4 Jan
22% Nov
40
123/4 Jan
21
14% Feb 11
10»A Jan
15
No par
No par
83A Apr
18
10% Jan
69% Jan
.....
'...7'
*13
J,V
*13%
14
14
July
R
.9
9
9
71
9%
9%
8%
9%
8%
*70
9Va
*70
70%
70%
70%
70%
70%
70%
8%
8%
8%
8%
8 3/8
881/2
89%
89%
88%
88%
S; 8%
88%
29%
29%
29%
29%
29
29%
28%
29%
14%
14%:
14%
14%
14%
14%
14%
14%
30
30
30%
30%
30
30
8%
8%
8 %
17VL'
17%
*37%
89
38'/4
*29%
*29
8
65V2
66
15%
15%
30%
*143/4
15%
Xl5%
16%
16%
17
95%
91%
92
,
16
Va
95%
95 %
9%
16%
*101%
95%
7%
7%
92%
*70%
95%
92%
70%
/
7%
93%
70
♦9%
16%
101%
7%
*92
71%
62%
700
15%
400
61%
*143/4
153/4
93
16
3,900
91
9
750
9%
2,100
16 %
16
16 Vb
5,100
140
92
71
102%
102%
95
*94%
7%
95%
300
7%
1,900
*92
7%
102
*94%
7%
95%
923/8
92
925/8
110
75/e
71%
71%
71%
71%
360
11%
11%
11%
11%
11%
11%
11%
11%
113A
12%
113/8
12%
7.600
89%.
89%
89%
90
90
90
893A
90
893A
90
903/b
91
10
10%
9%
10
10%
10%
10%
11%
11 VB
11%
10%
11%
14.800
29%
29%
29%
29%
29%
295/a
293/4
29%
29 3A
29%
29 3A
4,800
37%
*35%
37%
*35%
37%
*35%
37%
*35 3/8
37%
*355/8
14%
*14%
14%
14%
14%
*14%
147/8
*14
14%
200
9%
9%
14%
9%
*14%
9%
9%
9%
9%
9%
*9Ve
9%
*14
9Vs
3,200
14%
9.;
14%
14%
14%
*14%
15S/a
*14%
143/4
5%
*53/a
5%
53A
53A
*5%
*14
*14
14%
*5%
5%
5%
5%
*5%
100
600
*19%
19 Va
19%
19%
19%
19%
19%
19%
19s/b
*28%
291/4
*28%
28%
28%
29
29
283A
28%
*28%
29
20%
19%
19%
*19%
19%
193/a
19%
18%
19 Va
Xl3%
18%
*49%
501/2
*49%
50%
*49%
50%
*49%
50%
50%
50%
X49
49
28%
28%
28%
28%
28%
28%
28
3.300
hi
—27%:
hi
19%
29
19%
2,500
195/a
500
!
2,400
12% May
Jan
71% Oct
10% Jun
3% Jan
27
101%
Dec
3
31% Mar 22
21
Jan
29%
Jurt
12% Feb
3
15% Mir 13
11% Jan
15%
Jun
30% Mar 14
26 Va
20% Mar 21
14% Jan
22% May
37
26%
Jan
35
22% Jan
3% Jan
30
7
127% Feb 14
66% Jan
80
20
Jan
86% July
6
Jan
.......
.
Preferred
—
...
Reo
&
5%%
—_.I
19% Jun
8% Apr
Apr
87
18/
24
Jan
Jan
3
95
Jan
4
Jan
4
4% Jan
8
91
__l
8% Jan
10% Apr
20% July
Jan
101% Dec
73%
Jan
Co.—
59% Nov
70
Feb
7% Jan.
80
Jan
May 12
93%
15% July
Jun
5% Jan
Jan
3
11% May 11
30% Mar 22
25% Jan
36
May
3
38% Jan
25
34%
1
13
Jan
3
15% Feb
7
8% Feb
29
10% Mar 18
3
14% Apr 20
3
6% Jan
5% Apr 18
17% Jan 26
Ruberoid
25
13
J
Jan
3
14% Jan
(The).........No par
Rustless Iron St Steel Corp
Jan
5
13
Jan
11% July
32% Jun
Feb
39% July
14% Oct
12% Sep
7Va Jan
12
Jan
9
19%
July
May
17 %
5% Jan
19% Mar 18
X30% Feb 10
Feb 19
23
45
No par
Apr
Feb
28
... ...
Oct
9Va
98
Dec
10
Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines...
Royal Typewriter
—1
(2.50 conv preferred
88%
5% Jan
__io
4
Oct
Jan
76
71% May 12
12% Mar 13
85% Apr
93
74% Dec
14
Apr 17
63
Jan
Jan
95 Va
18% Mar 16
10
100
Oil
Co
10% Mar 11
8% Marl6
15
Sep
May
69 Va
97% Mar 14
3
6% Jan
84
13%
Jan
42%
102% Mar 24
25
100
—
Mfg
Richfield
12
May 8
92% May 12
93% Apr 24
No par
Spring
—'
Reynolds (R J) Tob class B
Rheem
20
17
16
—100
Reynolds
Nov.
14% Jan
100 3/4 Feb
..No par
preferred
conv
3
Jun
6% Dec
19% Mar 17
70% Jan
Republic Steel Corp
Li
No par
6% conv preferred——.100
6 % conv prior pfd ser A
100
preferred
—
5% % preferred—
Reynolds Metals Co.....
Mar
Aug
Nov
15% Apr 24
Feb
14% Apr
x83% Mar
-25
1%
70
32
11% Feb
Saratoga RR__... .100
Revere Copper & Brass
Feb
Jan
18
—1
Motors, Inc..
54 "A Jan
Apr 26
10
Jan
50% Jan
...
Preferred with warrants.
17
30% Mar 21
7
5% Jan
90
Reliable Stores Corp
Rensselaer
3
13
27% Jan
100
Remington-Rand l
2
323/4 Jan
(Robt) & Co 1st pfd—... 100
....No par
-10
Mfg Co
Reis
107% Jan
15% Jan
...
...
Feb
28
„
...
200
20
59
28% Jan
cqnv
Common
6
4% Jan
12
Mar 10
9% Mar 16
85% Jan
37%
*14%
74
100
340
*36
29%
preferred.
5
7% Apr 24
Raybestos Manhattan
....No par
Rayopler Inc—
...1
.25
$2 preferred*
..50
Reading Company..
4 % non-cum 1st preferred—., ..50
non-cum 2nd preferred... -50
Real Silk Hosiery.....
.^.5
700
92%
91%
92
102
6%
1
Reliance
19
*18Va
9'A
16%
102
92%
71
900
15%
*91
Kadio-Keith-Orp* 'ura
640
16
92%
9
8%
16
91%
16
200
29%
115%
16%
91%
101%
200
8V2
19
91%
16%
29%
1.400
1,100
37%
.
*113%
63
92%
7%
93
71%
62
90%
102
*94%
71/2
95
29%
*143A
91%
q
'
16
163A
114%
*18%
92
*101%
30%
16%
30 Vs
*363/4
Radio Corp of Amer
$3.50 conv 1st preferred
3,200
8%
90%
q
91/a
16%
102
63%
15%
4,500
17%
8
19
63
1 000
14%
37
113%
*18%
29
14%
30
29%
7%
15%
64%
94%
29
30
30%
19
63%
91%
14 3/4
*16%
116
*14%
91
*70
73A
*110%
*18%
*90
7%
8
118
16.600
9
293/a
37
19
90'/a
*94%
*29%
30%
*7%
8%
94%
143/4
17%
15%
91%
*93%
*29%
110%
7%
120
903/4
38
66
91%
16%
*37
15%
*89%
*9
17
38 %
*18%
16%
*101%
.17%
9
*29
30
64
19
16%
♦17
*37
*7%
*112
120
*18%
17%
38 "A
17%
*37
301/2
*7%
*112
*293/4
90
9
70%
9% May
21% Deo
Dec
20 Va
Jan
28
11%
Jan
18% Jun
51% Apr 11
43
Jan
50% Aug
32% Jan
27% Nov
36% Mar
Oct
S
l7iV
tV
*1%
48%
%
1%
48%
48%
48%
48%
112%
112%
*112%
7%
7%
52%
*7%
52
51%
53 Va
7%
*106%
107%
*106%
107%
*39%
40%
*39%
40%
J'-
7%
52
*106%
*40
*110
112
*110
112
110
*109
110
*109
110
*109
24
24
24
24
*3
*23%
%
*3/a
%
*%
1%
.%
113
*112%
-^28.'A.... 2.8.%.
1%
*1%
13/8
l3/a
48
48%
113
48%
113
113
48
%
600
1%
5.300
*112%
113%
*112%
113%
150
7%
7%
7%
7%
52'A
51%
60%
7%
51%
26,000
51%
7%
51%
,7%
53 Va
107%
1073/4
1073/i
*107%
107%
*107%
1073/4
100
393/i
393/4
40%
40 Vs
300
40%
40
40
,:r
110
110
110
*110%
112
109%
109
109
*109
110
24
24%
243/a
24%
243/4
112
15,100
112
*109
110
24%
.
(fit
2,200
48%
48
48
.'.
St Joseph Lead—
60
•
24%
10
1,900
Louis-San
6%
10
100
27% May 12
„V Mar 17
preferred——...100
% Jan 20
Francisco
non-cum
Safeway Stores————.No par
5% preferred.
——.100
Savage Arms Corp—.3
Schenley Distillers Corp.———5
5Vs% preferred—
100
Scott Paper Co—
No par
$4.50 preferred
No par
$4 preferred—
—No par
115
Feb
Mar
—.5
No par
—1
Feb
7
16 % Feb
14
*3
3%
3%
*3
3%
90%
89 3A
90'A
90
90%
6,800
Sears Roebuck & Co..—
17%
X17%
173/4
17%
17%
4,000
Serve! Inc.
1,100
Sharon Steel Corp...—
No par
$5 conv preferred——No par
14
13%
14
70
69
69
13
13%
123/4
123/4
75%
*74%
74%
74%
74%
*74%
11%
74%
*11
75 Vb
*26%
27
■
11%
11
11
55
54%
54%
54%
54%
*26%
27
27
27%
26%
27
3%
3%
*3%
26%
11%
'■
■
3%
3%
13%
67%
69
13
13
12%
Seagrave Corp—...
13%
70
12%
13%
*54
11%
55
13%
*69
*74%
75 Vs
11
*74%
11
*54
55
11%
*52
•
300
1.500
75%
300
11%
1,000
20
54
273/«
27
27
27%
2,600
3%
25%
3%
263/4
800
—
(W A) Pen Co
Shell Union Oil
3%
26%
26%
*26%
26%
26%
263/4
27
26%
3%
27 Vs
24%
24%
*24%
25
*24%
25
25
25
*243/8
25%
*24%
25%
12%
13%
13
13
12%
13
12%
12%-
12%
13
12%
12%
39%
39%
39%
39%
39%
39%
39%
39 Va
39%
393/4
39%
39%
1,100
Skelly Oil Co
13%
1.100
Sloss-Sheffield
3%
3%
3,300
200
■I
29.300
13%
*23%
12%
13%
13%
133/4
13%
13%
13%
13%
22%
*21%
22%'
*21%
22%
*21%
22%
22%
■22%
*33%
34%
33%
33%
*33%
34
*33%
333/4
33
33
*23%
23%
23%
23%
*223/4
233/a
*223A
23%
23%
23%
200
12%
34
*21%
23%
*21%
13%
22%
34
*13%
12%
12%
12%
12%
12%
12%
12%
12%
-7' 3%
12%
3%
18.700
3%
12%
3%
3%
3%
34
*33
34%
*32%
33%
3%
*33%
33%
33%
3%
33%
*33%
*150
3%
153
*150
153
23
,
23
22%
*150
23
22%
3%
133/4
'
3%
34
33
33
33%
33%
343%
153
*33
343/a
*150
153
*150
23
23
23
22%
-
3%
34
*33
•
34%
34
153
23%
900
34%
*150
4,700
3.700
23%
23%
2.400
13%
13%
14
14
14
*13%
14%
14
14V4
143/8
14%
1,700
28%
27%
28%
27%
28%
28 34
28 5/a
28
285/s
27%
27%
23,600
23%
23%
23%
23%
23%
23%
23%
23%
23
23%
22%
22%
4,800
51%
51%
51%
51%
51%
51%
51%
52
51
513A
59%
59%
59
59
59
57%
58%
120
4%
4%
*4%
*58%
4%
4%
59
*4%
4%
*58%
43A
6
6
*59
63
*59
63
*59
63
*27%
28%
*27%
28%
*27%
28%
28%
28%
23%
23%
23%
23%
23%
23%
23%
23%
39
39
39
39
39%
393/4
395/a
395/b
57%..
57%
*5%
6%
*57%
57%
6%
58%
58
*57%
7
58%
*35
35%
*111
113%
35%
"111
111
-
7
7
7
58%
*57%
35%
*5%
60
60
58
35%
*111
6%
6%
58
7%
*57%
58
6Va
28%
23%
*39
57%
7
35%
*35
35%
*34
*111
113%
*111
61%
112%
*111%
112%
109%
109%
109%
109%
29%
29%
29%
29%
29%
29%
29%
293/4
*111%
113%
113*%
*111%
113%
*111%
113 Vs
%
%
*111%
*%
n
*%
li
112%
4%
113%
111%
*59%
4%
*5%
58
61%
*108
"
*59
7VB
7
58
6Va
65
*60
62
*59%
*59%
62
65
.
235/8
39%
57%
45/8
1,100
6%
300
65
*27%
28%
35
23%
/
235/a
3,800
38%
38%
800
*57Va
575/a
90
7
7%
4,100
573/4
160
35
113%
60
35
*111
59%
*112
112%
*111%
112%
*108
1093/8
*108
1093/8
29%
295/a
*111% 113%
'
3%
3%
3%
3%
3%
3%
45
44%
44%
*42%
443/4
*43%
443/4
52
52
51%
51%
50%
513%
50%
51%
36%
36%
36%
37
36%
36%
36%
33%
33%
33%
33%
33%
33s/a
33%
56
55%
563%
56 %
43 %
42%
42%
*423A
*1133/4
115
3%
3%
"
55%
56
55%
43%
*113%
43%
42%
115
*113%
115
*113%
115
8%
•31
.
65%
8
8%
8%
8%
31%
8
*31
31%
31%
31%
7%
*31
*3%
*44
*111% 112%
*107% 109
X29%
293A
*111% 113%
%
3%
45%
3/4
South Am Gold & Platinum-
3%
2,500
45%
100
13,700
Standard Oil of Indiana
563/4
56%
567A
X54%
553%
28,400
Standard Oil of New
43
43
43
42%
42%
1.400
115
*1133/4
31 Va
*1133/4
7%
*31
115
7%
73/4
12,100
31%
31%
31%
200
X65%
65%
65%
65%.
65%
13
13
13
12%
13
9%
93A
*16%
17%
*16%
17%
*16%
17 %
*16%
8%
8%
15%
16%
65%
2,000
123A
12%
2,000
9%
17 Va
93A
9%
*9%
9%
*16%
17V4
8%
17%
8%
*16%
8%
8
3,700
18,400
16%
15%"
16
15%
16
15%
16
153/a
15%
*55%
57%
57
57
56 %
56%
56%
56%
55
56
6
6%
*122%
6
124%
6
124
5%
124
6
*124
5%
125
6
124
5%
700
8 3/s
15%
$7 prior preferred
1,600
124
260
6
11,600
see
page
1987.
—No par
23
25
r
Jersey
25
,
preferred
.100
Standard Steel Spring
Starrett Co (The)
1
L S—
Sterling Drug Inc
Corp
Stokely Bros & Co Inc
5% prior preferred
Stone &
No par
Stewart-Warner
Webster
Studebaker Corp (The)
Sun Oil Co
No par
Class A pfd (4%% cum)
Sunray Oil Corp
■
1"
1
1
1
Oct
Jun
2%
Jan
1
11
16%
Jan
Jan
27% Nov
10 Vs May
42% Jan
7
xl3% July
45% Sep
Mar 13
28%
27% Jan
15% Nov
24 Va July
23% Nov
19
Jan
15% Jan
14
10%
13% Mar 17
Apr
Jan
Jan
2% Jan
6
Dec
Jan
30%
Sep
6
150% May
2
24 Vb Jan
6
3
32 Vb Mar 22
3
4
28% Feb 26
15% Jan
52% Apr 12
35% Jan
7
62% Feb 29
42% Jan
Jan
21%
Jan
10% Jan
15%
Jan
2% Jan
18
2% Jan
6% Mar 16
59% Apr 26
31% Mar 14
33
27% Jan
NOV
Dec
23% Nov
35% Mar
32'A Jan
44% July
'
66
May
3
Jan
Jan
33
Jan
112% Mar 22
109
Jan
49
Jan
2
10
1
Mar
Jan
112% Nov
Nov.
107
31%
Dec
•fg Jkb
2% Mar
1% Jan
9
10%
44%
28% Jan
15
28%
Jan
56% May 10
46%
Jan
9% Mar 22
32% Mar 22
6
Apr 11
11% Mar 14
14
17% Mar 14
9% Feb
2
16% Mar 13
60% Jan 21
M«r 18
6% Apr: 21
6% Mar
38% Dec
Jan
34% Jan
43% Apr 12
114
Feb 15
Dec
Jan
% Mar 23
38 % Jan 11
mm
110
10
4% Mar 22
125
42
July
116% July"
70
July
117
Aug
115% July
58
65% Jan
Sep
8% Sep
Sep
25
Sep
100% Jan
50% Mar 22
29
3
10
1
60
64
6
31% Mar 21
115
6% Sep
35
35 Va
Jan 28
6 Mr Jun
61
21% Jan
6
64 % Feb
149% July
25
Apr
14% Sep
30 % May
30% Apr
49% May
66
Apr
Jan
60% Apr
5
38% Mar 13
18
.
132
15 % Mar 23
114% Jan
Apr
20 Va
6
112
5
29 Vs
7
39% Mar 25
60% Apr
5
7% Mar 13
15 % July
Jan
35% Mar
4% Jan
3
5% Jan 26
55
Feb 14
28
May 5
23% May 12
36 % Jan 26
56% Jan 27
6
Jan
3
50% Feb 11
33% Apr 20
110
Jan 28
59 % May 12
111% Apr 19
108 % Jan
6
28% Feb
9
110
Jan 27
% Apr 15
2% Jan
3
33% Feb 10
40% Feb
8
35 % Feb
7
32 % Mar 3
51% Apr 19
40 % Jan
4
111
Jan 26
6% Jan 13
39% July
Jun
25 %
16%
Mar 14
5 % Jan
28
22% Aug
% Jan 22
% Jan 3
35% Mar 16
4
11
Apr
May
21
35
Jan
5
12
28
55
121
Jan 27
5% Feb 15
100
1
57
29
26% Mar 14
3
Jan
Jun
Jan
13% Apr
19
19
May 12
—1
"
27
10
28% Jan
62% Feb
11% Jan
9% Feb
15 Va Feb
7% Apr
13% Apr
No par
.10
5
_.l
20
1111
For footnotes
—No par
Standard Oil of Ohio
4%%
7%
65 Va
124 Va. 124%
No par
Standard Oil of Calif
*9%
6
No par
....
3,400
13
6
preferred—
16,900
65%
57
$4
No par
$6 prior preferred
363%
9%
125
—No par
51%
8Va
1
,.
34
50%
12
Jan
4
10%
Dec
17% Jan
54
100
.
5% Jan
31%
Jan
40% Jan
.
preferred
64% Jan
5
9
28% Apr
18
Apr 12
Jan 27
20
stk tr ctfs—100
Standard Gas & El Co
Jan
23 % Jan
Sparks Withlngton—
No par
Spear St Co——....
—.1
$5.51 preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
1
Splcer Mfg Co.
s
No par
$3 conv preferred A.
No par
Spiegel Inc.—.
2
Conv $4.50 preferred—No par
Square D Co
__1
5% conv preferred
—.100
Squibb (E R) & Sons
No par
$5 pref series A—
No par
$4.25 preferred
-No par
Standard Brands, Inc
—No par
$4,50
1,900
& Ohio
X36
13
■57 r
Mobile
8% Jan
22% Apr 24
13% Jan 17
7.50
preferred-
X33s/s
65%
125
non-cum
5
11% Mar 16
23
28% Jan
—No par
33%
9%
8
5%
75
54% May
18
141
No par
Railway
335/8
12%
8
5,500
Southern
17% July
73% July
16% May
73% May
3% Jan
23
Southern Natural Gas Co
Southern Pacific Co
Jan
Jan
Apr
14% Mar 13
28% Jan
-
100
California Edison..
Southern
9
l_64
16% Mar 16
25
23
—1
:
33%
64%
8
50
preferred
18% Sep
73
Jan
6
Jan 27
Jan
6
Jan
4
12
Southeastern Greyhound Lines—5
South Porto Rico Sugar—No par
36%
9%
8%
100
%
'
8
300
Typewriter-No par
15
Socony Vacuum Oil Co Inc
51%
37%
13%
9%
33/8
*44
10
Corona
90%
Jan
2
13 % Apr
—No par
—.10
Smith &
Jan
10%
22
Jan 28
29% Feb
5
Iron—__20
preferred
50%
36%
65%
*13
1,300
113%
59%
'
*44
500
57
7%
58
*3/4
4%
*59
1093/4
%
'
*53/4
28%
112%
%
.
59
...
Steel
■
4% Jun
59%
3
Jan
Jan
5
May
3% Apr 20
24% Apr
3
23
Apr 19
10% Feb
8
36% Apr 24
No par
—15
&
$1.20
2,900
59
X49%
493A
....No par
Oil Corp
Smith (A O) Corp..——
8%
13%
—S
—No par
Simonds Saw & Steel
153
28
Coalition Mines
Simmons Co
Sinclair
80
500
34
Silver King
2
3% Mar 16
26% Jun
19% Mar 20
91% Jan
Jan
24
No par
15
Deo
16% Jan
25% Mar 17
5
13
63%
12
72
9%
48%
—..No par
$3.50 conv pref ser A—..No par
Shattuck (Frank G)
—No par
*3%
■
84
Sharp© & Dohme
Sheaffer
Feb
112
17%
14
43
109% Nov
90
68%
Dec
107% July
105
3%
13%
Jan
Deo
6
17%
13
96
36 %
Sep
12% Mar
44%
8
90%
69
6% Nov
19% Jan
Jan
17%
13%
42% Feb 16
1
Jan
X89%
12%
Xl08% Mar 23
8% Feb
54 Vs Mar 31
112
3%
68%
6
37% Mar 16
3
114
'
110
17%
13
17
Jan
24
3
90%
*54
•
38% Feb
105
Jan
105 Va
113% Jan
16
*3%
14
8
10
17%
all%
•
110 % Jan
7
Jan
1% Mar
Feb
90%
69
47% July
35
Jan
3%
12%
3 Vb Mar
Jan
27
21 % Jan
2% Jan
17%
*681/2
Va Jan
109
90%
*13%
Jan
3
4
43% Jan
No par
171/2
*3
3
108
Seaboard Oil Co of Del
90%
*3
11
% Apr
2% Apr
48% May
37% Jan
Deo
40
May
38% July
60
Sep
45% May
*5%
Nov
9% May
25
Jan
31% Mar
68% July
7% Jan
Jan
4%
14% Deo
5% Jan
5%
Jan
48% Jan
66
May
14% Jun
14
July
*17
Sep
10% May
15 %
Dec
63 Va Mar
Apr
130
Sep
4% Nov
6
Oct
122
$ per
May 9
May 8
May 0
$ per share
share
*7%
19%
7%
19
19
7%
7%
7%
7%
19%
7%
7%
7%
*19%
19%
19%
19%
19%
32
79
21%
79
21%
32
21%
*21
32
*30%
*31 %
78%
78%
79
79
79
79
21 %
7%
7.100
19%
2,500
81
3,200
21%
*21
21'/?
*20%
21%
21
31%
*31
32
32
32
300
*9%
10%
*9%
10%
(The)
Oil of Calif
Superior Steel Corp—
Sutherland Paper Co
Sweets Co or Amer (The)
900
*30%
10
10
*20%
/
■
300
10%
10
10
10%
10%
30 %
30%
30%
30%
30%
30%
30%
30%
29%
30%
5,400
30!'a
30%
Swift
30%
'30%
30%
30%
30%
30%
30%
x30%
30%
Swift
30%
30%
4,900
30%
29
28 %
28%
27%
28
27%
27%
27%
27%
29,
28 %
5,400
29
5%
5%
15,600
*10
*7%
48
*45%
*4%
11%
*7%
;;
8
*7%
48
*45%
5
5
5:
*4%
5
11
11%
11
48%
49 '
48%
6..
49
33%
33%
33%
18
18%
18%
10
9%
33%
33%
33%
18%
33%
33%
18%
18%
18%
18
10
;
6
6
6%
6
6 %
6
xl8
9%
18%
9%
1.0
10
*21%
22%
22%
22%
*22
*16%
17%
*16%
17%
*16%
17
*16%
*55%
57
55%
*55%
55%
7%
5%
46%
7%
7%
*45%
2,400
210
'
500
8%
5%
5%
5%
5%
*5%
5%
*11%
*11%
12%
*11%
12%
*11%
12 '/a
12
12%
40%
40%
40%
40%
39%
40
39
39
40
40
2%
2%
*2%
2%
2%
2%
2%
*2%
2%
•
20 %
20%
20%
20%
20%
20%
20%
*19%
20%
19%
19%
*20%
14%
Xl4%
14%
14%
14%
14%
14%
14%
14%
14%
14%.
105%
106%
26%
26%
26%
27%
27
27%
26%
27'A
45
44%
45%
45%
45%
8%
8%
14%
106
106
•
44%
44%
8%
8%
8%
8%
8%
*8%
106 %
106'
106%
106
9
8%
8%
8%
20%
20 %
19%
20 %
19%
19%
19%
19%
*19%
19%
18%
13%
13%
13%
12%
12%
*12%
13%
*12%
13%
*12%
3%
3%
3%
3 %•
3%
3%
3%
4,700
13%
*13%
3%
3%'
3%
3%
3%
92
93
10%
*10%
93
93
92%
92%
10%
10%
10%
10%
10%
10%
16%
16%
16%
16%
16%
16%
16%
22%
23%
22%
23%
22%
23
22%
23
22%
30%
101%
30%
31%
31
31%
30%
31
30%
31
30%
31%
4,300
30%
*100%
102
*101%
102
102
a 00%
7%
1
7%
7%
97%
7%
8
97%
9%
9%
9%
9%
9%
9%
97%
*9%
55%
55%
*55%
56%
55%
55%
54%
10%
10'%
,
97%
35%
Apr
18
33% Jan
5
22%
Feb
35% July
7% Mar 13
4%
Jan
8% May
$6
Jan
9%
9%
5
4% Feb
>
9%
5%
6
6% Feb
Rayon Corp
—_
"
Jan
Coach Co—
Twin
1,600
13% May
5
8%
Jan
50% Jan
10
41%
Jan
6% Mar 27
•»
3'%
Jan
,6% July
28
>
53% July
32% Apr
19
23
33 Va
Dec
413/4 July
14% Feb
4
19% Mar 16
8%
Jan
18
8% Feb
17% Jan
9
4
11'/a Mar 18
7Va
Jan
13% July
26% Mar 21
16%
Nov
28% July
12% Jan
13
6'%
Jan
14:
50% Feb
4
Jan
53 3/8
■
...
35% Feb
19% Mar 17
55% May
35
'' 2
2%
July
Oct
8
Jan
Dec
July
6
"9
Jan
31
113
7
Apr
19
43
aJan
11
4% Jan
19
3 !•
Jan
Jan
3
13% Mar
8
8%
Jan
15
10
40% May
6
26%
Feb
34%
Dec
Mar 18
1%
Jan
3
Mar
5% Jan
92
,
12
?
32'/2 Jan
18% Mar
3
6
11
Jan
153/4 July
Jan
103% May
29% Mar 14
23%
Dec
343A Mai
25
40%
Jan
50
9% Mar 17
6%
Jan
10% May
21% Mar 16
15'A
Jan
253/a July
11'A
Jan
16%
1%
Jan
•,
25
5
3% Feb
4
14% Feb 24
A 4% Mar 13
Jan
4
94
Mar 22
11
Mar 25
•
'
32'/a Apr
■
5
25
Jan
11
99
Nov
3
4
Jan
17% Mar 21
24% Apr
102
68% Jan
4
8% Jan
6
10% Mar 13
Co— —No par
51% Jan
10
59% Mar 28
__No par
9 % Feb
May
Jifly
34% July
Oct
101
Jun
77%
Jun
Jan
6%
93/4
Jan
67
5
100
1
243/4
Jan
4%
5
8% May
5
5% Jan
May
93A May
Jan
103% Apr
28% Jan
Apr
43/8 May
Jan
17
100,
par
6%
12%
1
21% Feb
July
„
90
Jan
69
5
3
8% Jan
15% Mar
,
Jun
Jan
49% Jan
3
85
263/a
9%
8% Jan .13,
;•
July
94%
24
12%: Jan
May.
6 3A May
Jan
16
Oct
9% Sep
49
10
•14% Apr
43% Apr
1
Jan
106 % May 11
3
v
95
Jan
4
33'A Jan
23% Mar 21
3
25,
52
9
6% Feb
Feb
A
16
47% Feb 23
r.
100'/8 Jan
13
Feb
May
8% Mar 20
Jan .-4
2
,
Corp—No par
-
Apr
5% Mar
11% Jail
7
17% Apr
par
Par
Jun
45
Jan
3
11
July
8%
Jan
35
Mar 17
49
-
10% Mar 29
•45% Feb
8fcT_—No par
$1.50 pi if erred————No
$4.50 prior pfd
—No
Twin City Rapid Transit—No
7% preferred
,■
290
98
9%
9%
8% Mar
3
12
preferred——
Corp——;——No par
20th Cen Fox Film
1,900
7%
7'/a
98
97%
9
Jan
Truax-Traer
100
102
102
7%
*7%
97
:.54%
100
99
98%
Nov
7
1
_i——No par
Tubize
9.100
23%
23%
23%
7%
27%
4% Jan
Trl-Continental Corp———
3,600
16%
97
2
—2
—5
Transcont'l & West. Air Inc.
Transue & Williams
900
1
16%
101%" 101%
32% Feb
5
:
A' Transamerica Corp-———
190
93
93
10%
10%
16%
8%
Nov
10
Preferred
15,000
17
7%
27%
v,
.
,
300
A
16%
*100
Jan
42
Sulphur
—No par
; Texas Pacific Coal &
Oil
——10 i
A Texas Pacific Land Trust—-——1
Texas & Pacific Ry Co—
—100
Thatcher Mfg Co-No par
$3.60 conv preferred—:
No par
The Fair—
———
No par
2,700
19
93
*92%
10%
92
*92
*10%
22%
•
44%
44
43%:
44
44
26%
26%
26%
26%
106
105%
103
106
Jun
31% Mar 20
'
2%
2%
2%
12%
8
,
5%
*
33
Feb
5% May
100
Co——A,—_—
1
1,000
$3 div conv preferred
—10 40 A'
Third Avenue Transit Corp.-No par
3,100
Thompson (j R)_——
25
200
Thompson Products
,-No par
4,200
Thompson-Starrett Coi
No par
700
$3.50 cum preferred
*._N( par
900
Tide Water Associated Oil
—10
5,100
$4.50 conv preferred——No parA1,100*
TimkeAv, Detroit Axle——
10
2,800
Timken Roller Bearing—No pat '
1,600
5%
5%
Jan
4%
A Thermoid
47
*45
26%
3
26% Apr
Texas Gulf
100
7%
7%
47
400
•
-
113
*110
7%
900
-v.
16'/a
57
*7%
8%
*45
21%
16
*55%
113
7%
47
3,200
9%
21
16%
57
7%
*111
18%
9%
12%
40%
39%
7%
17%
•:
21%
16%
•2,000
5%
12%
*12
7%
46%
45
44%;
46%
5
7%
10
33%
32% July
6
27% Jan
(The).——
-25
A Texas Gulf Producing———No pan
'
*55%
113
*111.
113
6
5%
33 '/a
Jan
May
11% Mar
27% Jan
Texas Co
-7,000
3,600
.
14%
32
4
9
Corp—
Tennessee
900
11'/a
48%
6
21%
17
55%
7%
7%
7%
22 %
21%
22%
112
7%
*7%
7%
*7%
*45
57
7%
7%
109%, 112
109
9%
10
%J
24% Mar 22
28
50
5
preferred
May
May
25
—1
Telautograph Corp—
1,300
5
5
11 •/.
48%
11
48%
11%
48%
48%
5%% partic
22
82
8% Jan
No par
Talcott Inc (James)
8
Apr
Jan
Feb
19% Apr
-a-
International Ltd
7%
Jan
12%
2
29%, Jan
10
12'/a
-23«
Co
3
$ per share
58%
Mar 16
21
84% Feb
Jan
3%
8% Mar 16
3
17% Jan 27
Highest
$ per share
$ per share
72
100
Sylvania Elec, Prod's Int
Symington Gould Corp
48
5
••"•f 5
11%
33%
*7
,
'
33%
55%
*7%
48
*45%
8
*45%
8
48
48%
6
*108%
5%
*11% %11%
48%
8
*7%
*45%
5
5 '/a
11%
48%
8
48
*7% ::
8
*45%
6%
5%
6
5%
6%
6
6%
6!V
5% Jan
—10c
No par
25
_
Superheater Co
Superior
80
79%
79
Co
Mining
Sunshine
7%
Year 1943
Lowest
Highest
$ per share
Par
;....... ■■
,,
19%
7%
20
32
•
;;;
(,;;„•
Shares
$ per share
$ per share
$ per share
share
$ per
Lowest
EXCHANGE
the Week
May 12
May 11
Range §ince January 1
STOCK
YORK
NEW
Sales for
Friday
Thursday
Wednesday
May 10
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Saturday
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1986
113A
Jun
U
55
55
54%
55%
10%
10%
10%
10%
10%
v. 6,100
80
79%
80%
4,200
10%
10%
10%
10 %
10%
79%
'79%
79%'
80 %
79%
80%
79%
79%
79%
*115%
116%
*115%
116%
'115%
116%
*115'A
116%
*115%
*111
113
113
*112%
113
113
J
113
*18%
18%
108%
n
109%
109
97
97
27
26%
27%
28
27%
27%
' 102
*111%
112
*61
63
*24%
25
33%
33%
33
13%
13%
*99%
;
*102%
103
73
24%
•12,600
13%
13%
3.900
100%
99%
99%
99%
99%
..
6%
6 %
*6
48%
,
49
48%
48
9%
9%
9%
9%
a: 3,200
26%
26%
79%
; 2,300
1%
1%
1%
1%
1%
1%
1%
13,600
1%
*27
34%
103
103
34%
103
4%
*4%"
4%
4%
35
*102%
35%
35%
*102%
*4%
*103
104
*103
16
16
16
16
*5%
16
72
175%
12%
11%
12
47%
*47%
36i%
35%
175
15%
74%
12%
11%
11%
47%
*47%
35','4
5%
35%
*5%
35%
*5%
11%
*47%
!
*5%
600
21%*
21%
20%
20%
20%
20%
20%
20%
*20'%
112%
*110%
112%
*110%
112%
110%
110%
*110%
112%
*110%
11&/2
60
5%
5%
5%
-5%
5%
2.400
5%
9%
*91%
32%
*43
44
5%
5%
*9
*32
5%
36%
46
137%
*9%
9%
*9'/a
9%
32%
31%
31%
31%
*43
44
*36
37
1%
*1%
*43%
37
45%
45%
137%
137%
*53%
54%
53%
70%
*69%
70%
70%
46
45%
137%
45%
138
.'?"•
1%
1%
1%
1%
43%
*36
-
137%
*43%
44
36%
1%
1%
45%
*137%
S
8
54
54
*69%
70%
*69%
52%
52%
52 %
52%
124%
125%
124%
125%
22%
22%
22%
*45%
45%
*45%
.45%
*3%
3%
*3%
3%
2%
2%
2%
2%
*85
•
86
*85
86
*15%
16
*15%
16%
4
4
35
*34%
4%
4'/8
35
167
*18%
43%
117%
43%
*117%
44%
43%
117%
*73%
76 %
*72
76%
*71
4
56%
114%
*55%
113%
56
113%
.
X42
300
*73
•1,500
4
56
113%
77
74%
23
:
23
4
*4
4'/a
55
55%
114
56
114%
114%
46%
*45
*38%
39%
33%
33%
*45
*38%
391/4
*38%
33%
33%
33%
*110
115
*110
115
160
*143
160
*143
For
footnotes
see
page
1987.
*45
46%
39%
*38%
39%
38%
38%
33%
33%
33%
33%
*33%
33%
113
*110
*143
,
47 %
*38%
39%
*33%
-
.
*143
113
*110
160
.
*110
113
110
110
160
*143
160
*143
160
^50
———-50
Min.
±-.No..par--
U 8 Steel Corp—
Preferred
;
lo
;
•
500
,
.1,100
A
20
Jan
18
14% Mar 13
7%
Jan
15%
Sep
4
Mar 28
94%
Dec
96
Dec
2% Jan
9
Jan
66
July
Feb
-
100
7% Jan
5
•
i:
——No par
Preferred
No par
:
100
Universal Leaf Tob—
8% preferred
Vanadiuni Corp of Am——No par
2.50
5
100
Van Norman Co
Van Raalte Co Inc
7%
1st
preferred
Vertientes-Camaguey
Vick Chemical
5%
6 %
Sugar
Co_
Ry
preferred
non-cum
Works--
Co-6%
5
L.—100
TOO
—9
Chemical.—1 -No par
div partic preferred
100
Va El & Pow $6
Va Iron Coal &
pref
—No par
Coke 5% pfd—100,
Virginian Ry Co
6%
preferred-;
Vulcan
.
Detinning Co
Preferred
17
38%
6
10% Apr
6
5
29
Jan
6
j.
:*
23% Nov
•; 60% Mar
81% Mar 16
12
9
Jan
99
—
25
—25
100
100
Jan
Jan
Oct
Dec
181%
Apr
5% Jan
10%
Oct
44%
Nov
7
112
Feb
Jan
4
28
.Feb
Jan
13%
Jan
Jan
108
21
x423A July
73/4
Apr
19%
Apr
114
8% July
9%
10
8%
Nov
30% Apr
19
34
Mar 13
29%
Jan
40% Jan
A 3
46
Mar
6
29"%
Jan
42
35 Va Apr
18
32
Jan
44%
1
Jan
52% Feb
..
20
IJ
Jan
48% Mar 21
25%
Jan
2% Jan
7
13
,70
,;
39% Mar 18
•
2
^.Feb
130
,
Feb
40
,
9% Apr
25
8"%'Jan
46
58.
Jan
11
Jan
62
May
6
73
Jan
24
64%
Jan
74
Nov
55% Mar 16
47%
Jan
59% July
;-
125% May
22
26
24% Jan
24
48% Feb
23
'28
2% Apr / 5
2% Jan
13
Jan
14% Jan
4
.
4
3'/4;Jan
162
•
■
Jan
4
'Apr
27
Mar 20
.
Jan
125
July
20% Nov
29
Apr
42%
503/a Aug,
112
6
3%*Apv29
3
Jan
4
,
1% Jan
%
,
1
-•
56
87% May 12
.17% Jan
36% Apr
Feb
25
Oct
Oct
6'A July
Nov
59'A Jan
16
Feb
3
88
203/a July
30%
10
75
Jan
•Jan
2% Nov
18
169
.
150
Jan
4
15%
Jan
9% Jan
4
11% Mar 17
8%
Jan
Jan
3
43% May 12
25'/a
Jan
116% Jan
12% Apr
28
26
21%' Mar 16
118% Apr
25
13% Apr
33/4 July
Dec
13%
6
4% Jan
Jan
17% Jan
37
Sep
Dec
27
68
Jun
7.
.
Jan
44% Apr
31
46'A
130
22% Apr
■
July
33/s May
Jan
xll9% Jan
76
37'/a May
101
19
.
Jun
8
138'% Mar
,50% Apr
.
Oct
4% Nov
6% Mar 23
24
5 Vz Apr
39% Jun
30
23% Feb 26
3
Dec
Julj
168
8
10
19
5
8
Feb
110
13% May
'99%
Mar 13
Jan
12%May
24
Dec
Apr
753/4
39% Mar 13
19
5%
.Jan
47% May
Jan
100
59
7
34 Va Apr
5
Dec
3% Jan
Jan
4
.
Sep
Dec
9%
75
Apr
Dec
4%
180
76%
293/4
84%
Jan 10
9% Jun
35
Jan
1
Mar 28
I,
:
Sep
2%
17
21% Feb
Jun
353/4
Jun
10% Mar 18
104'% Mar
•
3
Jun
2% May
16%
39% May
19
Jun
69%
x26
2%
/
3
2%Jan
i
Jan
114
Jan
5%
57% Mar 13
19
...
Va-Carolina
90
17%
16% Jan
——
Victor Chemical
1,720
25
8% Jan
■
900
300
,
36%.Jan
42
U S Tobacco Co
,
900
46%
*45
46%
46%
461/4
10
preferred-.—100.
Vicks Shrdve & Pac
74%
22%
900
*
*45
so
75
22%
Co,
Preferred •—i,.
,>5
-
;
42
75
600
.
12%
41%
*74
4
56%
12%
12%
41%
*73
23
120
12%
,-75
,
114%
'
*117%
,77
■
4
4%
4%
114
12%
42
.
23,
22%
*55%
117%
12%
*71%
22%
2,200
117%
117%
Rubber
-
43%
75
114
167
*43%
42
*55%
'
44
*72
4%
*166
*43%
75
56%
167
180
10%
44
114
*166
19
120
*117%
(
69%
10%
12%
4%
34%
69%
18%
♦42
114
34%
69%
18%
*12%
*55%
35%
69%
44%
*43%
120
221%
x34%
10%
75
22%
100
10%
13
*72
v
18%
42%
77
16
19
70
—No par
:
300
4
4
4
•'
10%
*42
22%
*15%
> 6,000
87%
19%
18%
12%
*22%
87%
*10
18%*
42%
*72
4
2% V
2%
2%
2,000
3%
3%
3%
Jan
170
•?
20
-10
1
110
80
J£
14% Jan
,—5
900
45%
10%
18%
*10
42%
♦71%
36%
'70
167
*166
167
*12%
12%
4%
*4 :
4
*69%
43%
2%
15%
*34%
10%
3%
15%
70
18%
117%
♦43
2%
15%
35
101/4
45'A
20
.100,
100
—No par
7% non-cum preferred—;
25
United Stooteyards Coi;p—,———1
United Stores class A
—5
$6 conv preferred
—No par
; UnlversalrCyclops Steel Corp
1.
/.Universal Laboratories Inc.—1
2,000
: 2,100
26
97% Jan : 4
;——10
—
{>•; U S Smelting Ref &
12,000
22%
22%
87
69%
*18%
10%
3%
87
35
*166
../
125%
125
45%
87
36
167
*166
19
*10%
"
*45%
*15%
16
4
45%
*85%
*
70%
70
70%
70%
♦166
*15%
23
*3%
2%
2%.
86
50%
125
22%
600
'
3%
»
124%
23
51%
1,600
69%
1 % Feb
10
Foundry
Card Co
Plywood Corp
Realty & Imp%
9% non-cum 1st
600
53
69%
51%
125
*45%
45%
2%
X51%,
52%
53%
*70
22%
22%
3%
86
53%
*69%
124%
125
*45%
52%
52%
52%
52%
125
22%
23
53%
I 71
S
6.700
.
138
138
3
7% Feb
S Pipe &
8,000
46%
45%
46%
138
Jan
5% Mar 16
No par
Preferred
1.100
1%
1%
18%
3
S Playing
38
38
37%
21
9
preferred———j—-—100:
Lines Co—,
—1
100
"
JtrtSO
S
44
*43%
Jan
3
Feb
conv
700
.
32
26
Jan
4
Prior.,
'
54%
.45%
♦137
91/4
*9%
31%
36
36
1%
45%
9%
32%
43%
*43
37
1%
5%
9 %
*31%
9%
32
32
;
5%
5%
•
Jan
-
1,200
21%
Jan
28'/2 Jan
preferred-—«
50
S Industrial Chemicals——No par
8 Leather Co
.—No par
Partic Si conv.cl A—_
No par
300
:
a.
21
22% May
Jan
16
:
55 %
98% Jan
10
Freight Co_
Gypsum Co
5%%
40
35%
5%
35
5%
16,500
\
48
11%
47%
35%
5%
%
Jun
333/a July
Mar 25
Inc—. I---1
.7% preferred-—:—
8 .Hoffman ,Mach Corp—
30
May
114%
Jan
109%
_
Paperboard
—-No par
S
1,80.0
*173%. 175
17% Jan
93'%
3
104% Feb 21
—_—No par
S
800
:
40
X24% Nov
5
xl% Mar
_*
Foreign Secur
S &
28% Mar
18
75% Jan
par
$.8.11st preferred—
?10
97
Jan
100
preferred
h%
United
a 5,300
(
-No
United Merch & Mfrs
600
Jan
24%
14
6
FdyA
Co____
79%
9
Jan
26% May
Improvement-
Gas
United
200
15%
73%
73%
United Fruit
25
Feb
Jan
45% Apr
8
Jan
Cos—.
United Engineering &
1.900
v
103
103
16
175
8%
8%
8%
103%
■
4%
*4%
4%
V
103
103
48
11%
35%
5%
6
73%
175
*170
48
♦
74
73%
72%
*172
8%
35
34%
35
103
Electric .Coal
United
1.300
78%
-
•
Preferred
110
9%
9%
$3
United
300
48'/a
47%
48
Oct
Apr
12% Apr
•
400
6%
*6
6%
a
Oct
95% Jan
preferred—
——..
Drug Co——A.—
$4.75 preferred —.—i—*United Dyewood Corp——,
103
47%
137%
33%
13'A
102 %
*35%
*110%
33%
13%
79%
1751/2
47%
21%
33%
27
74
36%
6
33%
13%
9
.
*35%
-
33.700
223/4 July
102% July
22
5
1% Jan.
Corporation
1%
Jan
31% Apr
United-Carr Fast Corp
1%
114%
Jan
68
May
22
1%
Jan
15%
80%
113% Jan
4
61
l'/a
Apr
105%
113
Mar 23
,
1%
Feb
X118
3
106
19
20% May
United
103
*47
*5%
300
9
11%
11%
11%
25
9
*172
175%
*174
*24%
*8%
16
73%
24%
26%
16%
16%
24%
9
*102%
16%
25
11
27% Mar 16
18
110
preferred
Carbon Co
Jan
30% Mar 13
Jan 11
19
24
102'/a Jan
—
113
28
22% Apr
Biscuit Co———.
conv
United
500
79'/a
4%
9
*72%
63
79%
103%
*4%
•
*61%
27%
36
35%
9
62%
78%
1%
4%
62%
79%
1%
103
5%
80
27%
1%
*8%
United
..
79
78%
preferred
4%%
300
A*
27%
78%
!*4%
20%
112
86% May
98
18
26% Apr
.
113/4
Dec
14
109% May
100% Feb
conv
a.,a% 600
113
20%
preferred-
non-cum
5%
12,000
10
27
36%
preferred—
United -Air- Lines Inc—
*9%
78%
103%
United Aircraft Corp
l.ono
25%
112
112
5,000
102
113
&
26% Apr
10
27%
9%
27
1%
«
20%
3
92% Feb
61%
61%
*99%
6%
6%
112
112
3
93% Jan
100
4%
Jan
19% Mar 17
5
18% Feb
par
Union Tank Car:————i -..No par
33%
100
*48%
20%
113% Apr
109% Feb
25
13
13%
50
112
21
1%
33%
100
112
112
*24%
13%
78%
36%
x
25
33%
27
103%
24%
1%
6%
,*48 %
9%
'
1%
99%
*6%-
-
6%
50
9%
25
61%
13%
99%
100
*6 %
*48
25'%
*111
33%
*
24%
112
1%
13%
25
*20%
112
61%
1%
1%
1%
*111
25
*24%
24'%
116% Apr
100
No
Union Pacific RR Co
800
.
27%
*101%
21%
61%
61%
102'A
27
19
2,100
97%
27
27%
102'A
112
*21
112
27%
103
25
*110%
21
*111
112
24%
26%
-
Union Oil of
1,700
a:
106% 107%
*102'%
102 %
102
112
21
21
*111
26%
26%
27%
24Va : 24%
24%
24%
112
97%
X267a
26%
102
102
*20%
97'%
26%
.
28
102
108'/?
97%
27
pfd_
California
1,900
6
Feb
Jan
8
82% Jan
113
July
59
42
X76%
Mar 11
11
7
•
76% Feb 25
;
„No par
Preferred $4.50 series—
-70,
v;;
—No par
Carbide & Carb—
Union
Union El Co of Mo $5
18%
108%
Union Bag & Paper
115%
113%
*18%
27%
27
27
*27%
96%
97%
*115%
*112%
18%
•96%
109
109 %
97%
115%
113%
18%
109'/a
18%
*112%
18%
112%
18%
18%
109
109
97
*96%
18%
18%
Under Elliott Fisher
"t 1.400
115
Mar
41% July
75% July
165%
Nov
253/a July
12%
Feb
37%
Oct
Oct
120
24
41% Jan 25
47
Mar
8
44%
Oct
15
73
Apr
3
51
Jan
65
Aug
76
Mar 27
57
Feb
67% May
63 %! Jan
70
11
Feb
7
21% Jan
4 1 Feb
52
.:
Feb
113% May
38% Feb
4
9
5
17
38 % Mar 20
40% Dec
26 3/8
Feb
11
20% Nov
5% Mar 24
2% Jan
63/a July
68'/a July
23% Feb
62% Mar 24
39
Jan
117% Mar 21
115
Dec
52
Mar
39% Jan
7
15
X123
20%
Jan
45
27
Jan
40
29'A Jan
353A
Aug
Oct
Oct
Sep
33
Apr
19
34% Jan
6
4
Apr
18
80
Jan
Aug
Jan
111
110
102
14
Feb 28
113
Jan
Nov
Feb
154
150
149
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
1987
r
NEW YORK STOCK RECORD
LOW
Saturday
Monday
May 8
May«
T
$ per share
AND HIGH
SALE PRICES
May 9
$ per, share
share
per
STOCKS
Wednesday
May 10
Tuesday
May 11
$ per share
Sales
Friday
Thursday
$ per share
$ per share
for
NEW
the Week
May 12
YORK
Range for Previous
STOCK
Range since January 1
Highest
EXCHANGE
Year 1943
Lowest
Shares
Par
$ per share
Lowest
$ per share
$ per share
■
Highest
$
per
share
W
'
48%
49
'
49%
*48%
48%
48%
50
50
V
50
50
49
.
50%
11%
26%
27
108 :
*106%
51V4
*17%
18%
8 Va
.
11%
11%
11%
*11%
27%
27%
27%
27%
273A
107%
\
■
*106%
107
52
52%
51%
52
*50%
51
18%
*18
18%
18%
18'A
*18
18%
8%
8'/a
8%
8%
8%
10%
11%
*10%
11%
*10%
•106%
-
8 Va
8 Va
11V4
10%
1%
1%
1%
58
58
107
1%
*1%
...
:
1%
1%
12%
58%
12%
58%
12 '/a
23%
22%
23
59 y4
60
12%
*22%
12 Va
12%
12%
12%
*22%
23%
*22%
23%
V.
*22%
*25
*7%
7%
8%
23
22
22%
*88 V4
107
*106%
*4
v
26%
97%
;
20%
*90
26%
26%
26'/a
26'/a
97%
22%
25%
22%
97%
*131 4 132
22%
'97%
131
*130
131
*32
33 4
*32
33
9Q
*27%
28%
*27%
*105%
106 Va
*106%
'65
*60
102
101%
101%
22'A
22%
f
22
22
70%'
20
23%
9?8
9%
9%
4,
6%
8%
13 Va
11%.
*121
28%
Mar 31
14
Mar 13
3
Apr
7%
13%
13%
8 3/4
38
26%
*20
114
20%
*101%
98
63
*78
79
*77
*65%
66
*65%
30
29%
29%
4
■
17%
Jan
26
17
3
8% Mar 22
,
2%
35 Va
34%
34%
343/8
34%
343/4
200
8% July
Jan
24% Mar 17
17%
Jan
26 Va July
69
Jan
793/4
Jan
6
5
Apr
99
99%
99
99
99
99%
15
15
143/4
14%
14%
14%
37
37
37%
373/8
37%
37
37'A
5%
5 Va
Nov
24
Mar
8
8%
Jan
20%
Dec
May
2
50 Vb
Jan
85
Aug
96% Feb
16
101
13
67%
Jan
99
85% Jan
3
57
Jan
109
Jan
;
Jan
96% Mar 23
1133/4 Apr
1
1173/4 Jan
10
16% Jan
/
4
20% Jan
14
T
103
Feb
1
26% Apr
334 Jan
25
.
Oct
873/4
119
Oct
Jun
113/4 Jan
Apr
4
103
Jan
32% Jan
5
19
163/4
Jan
107
5% Mar 22
Oct
110
Sep
31%
Dec
2'/4
Jan
6 Va
Apr
Mar 22
53/a
Jan
11%
Apr
10
50% Mar 22
37%
Oct
493/4
Oct
22% Jan 20
29 3A Mar 22
22
NOV
24%
Dec
24% Mar 13
15%
Jan
24% May
V v
100
7
7% Jan
3
14
*
41
Feb
*
No par
.
No par
21
X91
50
preferred
Ele'c
Apr 24
993/8 Mar 21
Jan 25
81
Jan
100
120
Jan
136
Jun
Jan
Feb
4
35
Mar 16
31
Jan
40
July
"4 253/4 Jan
13
29
Feb
16
22%
Nov
108% Feb 26
106%
Jan
7
127% Mar
—50
Instrument
12.50
32
j
No Par
preferred
v
133
8
■{ 29% May
112% Jun
12
59% Feb
97% Jan
19
67% Mar 22
52
60
Apr
3
102% Mar 22
85
Jan
99
Oct
•20% Feb
7
18
Jan
583/a
Jan
24% July
71% July
15
Jan
20
13 y4
Jan
223A Aug
33A
Jan
2%
Jan
1
100
'
100
/
223A Mar 16
Mar 17
72
r Mar
•
is
Feb
Feb
7
20% Apr
7
20
:
1
19
24% Mar
•
7% Jan 24
-
11
8
Mar 23
Jan
26
X64% Jan
24
78
May 10
Jan
27
26
May 10
4% Jan
14
Feb
3
93/a Apr
8 Va Apr
12
14% Apr
5
...
130
/
66% Jan 28
White Rock Min Springs
No par
White Sewing Mach Corp—
1
$4 conv preferred
No par
Prior preferred—
,_20
33,500
400
Wilcox Oil & Gas CO
Willys-Overland
11,100
f
<
3,000
12
6 %
-
Wilson-Jones
1,700
.UO
7Vs May 10
40
/10 s/8
86
Jan
6%
Woodward Iron Co
—.
1
6,700
Woolworth (F W)
2,000
Worthington P & M (Del) —No
4
62%
Jan
8
Jan
4% Jan
57% Jan
16
9
Apr"*27
22%
Jan
115
Jan
9
Jan~25
.
Oct
63/4 July
9 Vb
Jun
14% July
9% Sep
86%
Oct
11%
Apr
121
Dec
19%
17%
Jan
24% July
-10
36 3/8 Jan
3
39% Jan
22
30 Va
Jan
42 Va
July
par
20% Jan
4
28% Mar 16
16%
Jan
253/a
Oct
.100
105
Jan
27
.100
94
Jan
12
.100
preferred A
6 % preferred B
47% Jan
5
63% May
3
49
Jan
5
65 Vb May
11
1
87% Mar 14
1,100
Prior
pfd 4%%
300
"62 3A
12 Vb Mar
Jan
2Va
Mar 10
Oct
Apr
.>10
Co
7%
98
88% Feb
23/b
.100
-
263A
10
4
July
27
6
6
5
4 103A Jan
pfd
-
X20%
Jun
7Va
Jan
5
3
Jan
.>10
Pow
38%
114
8
8044 Jan
20
400
12% Jan
"%
No par
Co
Wisconsin El
6
•
No par
:
$6 preferred
.
4
.^-1
-
preferred
conv
Wilson & Co Inc
24
.—5
Motors
July
105% Jan
No par
White Motor Co
*1.100
*633/4
Prior
pfd 4% % Conv series— .100
m 79
65
79
series
Ji 6%'
66 Va
30
*293/8
30%
9%
9%
16%
16%
9%
Wright Aeronautical
Wrigley (Wm) Jr (Del)
10
:■
66
16 3/4
35
99%
Sep
Dec
July
90
?
-
>7,600
*9%
:
15
Apr
V
Wheeling Steel Corp
—No par
$5 conv prior pref—;
No par
White Dental Mfg (The S S)—_20
440
8%
*90
79
.
29%
9%
9%
20%
"
1,700
13%
*101%
v-
65 Va
65%
79
16%
23 Va
Jan
105
Jan
27
104
Dec
149
96
Apr
28
loo3/*
Oct
134
Sep
443/4 Jan
54
Jun
46
57Va
Jun
Sep
'
66
93A
Jan
83
100
:
2nd preferred
25%
63
66
17
15 Vb
12%
3
10
-
37%
,
98
64%
93A
Supply Co
Maryland Ry
20
i
114
*90
623/4
16%
7
4
323/a
9
100
—
Auto
partic
$4.50
3,200
843A
*11 %
26%
64%
Dec
Jan
No par
5% %• conv preferred
•
550
*121
37%
62%
Pulp & Pap Co
Wheeling & Lake Erie Ry
T
83A
11%
27
63
22
273/4 Mar 16
'
1st
vH "50
84%
84
11%
11%
July
153/4 July
1% Jan
24% Mar 22
23% Jan
193/a Jan
■>
•
Westvaco Chlorine Prod
4
73/4
13%
87/a
84
May
2%-Mar
56
83
100
,
non-cum
Weston
100
8
*75/s
7%
20%
64
13
Jan
18% Feb
pfd—100
Westlnghousd El & Mfg
3,700
;
*
26
8%
37%
K
26
:
100
Westinghouse Air Brake
5,800
6%
/
:
27
62%
1
Class B——
13,200
75
*25
37%
*90
4%
'5.400
10
*74
26
8
8%
15
■!
9%
24
■■:,••': 63/8
73/4
99%
34%
Jan
2
60
Oct
Jun
77
Western Union Teleg class A .No par
'1,100
19%
23 %:
9%
26
13%
16%
16%.
Jan
%
11% Mar 31
9
93/4
Jan
"
84
9%
17
19%
24%
20%
98
Western
200
5,600
'
•
80
30
•:-i
29%'
9%
19%
27%
*78 4'
-
,66 4
1013/4' 102
*121
*101%
900
:
*59%
■It-.
38
64
66%
29
9%
•»
64
*106V4- 106%
'
71
20%
*90
79
9%
4%
9% Mar 17
*
preferred-
Western
2 8'A
63A ;> 7%
*121
114
*27%
■
32%
70%
26%
*101%
62%
;
'
37%
.
98
*77
:
'32%
:
1
6%
20
22%
93/a
8%
11%
.11%
-
*20
J/2,
114
81
18% May
22% Jan 26
par
—
preferred
West Va
90
22
*76
ft 8
8%
84
84
11%
-
27
*63%'
8%
7%
84
__
62%
54%
Jan
"
"
West Penn Power 4%%
5,100
98%'
22%
23%
v
7%
13%
8% "9
"
84%
*90
Jan
15%
4%
27
6% Jan
par
No par
Sugar Corp-,—
preferred
■4 6%
1,700
131
19%
26
8
973A
70%
78
26
8%
4 14
*22
9%
6%
■14
7%
;
*9%
26
*25
66
22%
131
»i-.
102
23%
78
77
*59%
20
23
6%
77
25%
20
38%
-
1:
v
28%
106%
*1013A
71
*19%
22%
6%
65
70%
*191% *20
v
8%
28%
71
22%
i 7%
66 %
22%
*70
74
67%
105%
*60
4 101
65
101%
253A
X22 Va
973/4 >'98'XF
131
32%
105%
106
253/8
22%
*27%
28%
9
26%
*32%
33%
V
16%
22%
97%
97%
,132
38
63
*78
22%
22%
64%
*66
■
*26
7%
44 200
*
4
11%
26%
100
*63
4
4
No
4
—No par
West Penn Electric class A ..No
110
•45%-
37%
.
114
63;
4
West Indies
40
r
■>
44 Va
*20
,
27%
*101%
4%
Eisenlohr—;
$4 conv preferred-
106 3/4
273A
■'*10%
*101%
38
-106%
28%
11%
*121
27 Vb
1063/4
28%
45%
*11%
/
■
37%
*106%
28
Webster
—.*.1
Wesson-Oil & Snowdrift
23,900
19%
45%
8%
11%
*20
19%
*103/4
*83 Vb
27
Jan
Jun
Mar 31
53
22% Apr 25
15% Apr 25
Jan
6
23
'
700
70
115%
11%
13%
*
"
Jan
109
Feb
103
July
'
_5
200
•'
93
115%
19%
19
29
*4
4%
115'A
45%
8%
9
11%
*4
28%
115%
45%
7%
84
■■
*121
V
'
14 Vb
8%
a
29
93
94%
*93
115%
23%
*10%
25%'
8
84
94
93%
•
11%
72
25%
14 Vb
v
95
22%
45%
6V4
6%
8%
■99'A
*99%
106%
9%
10 Va
7%
99%
*106%
70
72
8%
100
4
106%
22%
*25
88%
28*/2
*19%
28 Va
18% May 10
11% Apr 24
'22% Apr 19
•
■Wayne -Pump Co
2,000
82%
45%
23
6
*88Va
*106%
*
113/8 May
Jan
4
l3/a Feb
45
—5
Waukesha Motor Co_
700
%
23
,*10%
20
10
88
19%
21%
70%
72
233/8
88
18%
y4'
Jan
'
Fdy & Pipe—No par
Washington Gas Lt Co
No pat
600
v.:
8 1
'
11%
22%
r
23
89
8
22%
*80 3/8
•
46 J/4
101
;
22
■
23 Va
28%
*19%
-
22'A
18%
*60
70%
82%
106%
*105%
65
101%
22
7%
23 Va
46
*27
106
*60
101%
7 3/4
23%
18 %
4
25%
Pictures—
Dec
7%
20%
3
8
,50
Warren
Bros
40 Va
8
12"
7% Jan
par
200
*81%
'
28%
No
Feb
17% Jan
"
Warner
500
:
7%
115%
*32
48
No par
———,
12% Mar
1053/e Mar 27
par
preferred———
12,300
23
82%
115%
19
12%
*22%
22%
115%
x97-%
33 %
*105%
*94
115%
12 ■'••■•
12%
22%
7%
100
s
12%
22%
V,;
22%
100
22%
Baking Co cl A—
Class- B
$7
3,800
57
*81%
100%
*129
132
*27%
•
■'
98
132
*32
v
■«■
22%
22%
/
■r
58%
26%
26 %
;
7%
*99 */4
4
Ward
*11
11%
46%
.
-
*88
4%
11%
*46%
1.400
2,900
—No
j
24% Jan
59% Mar 13
27% May 10
1063A Apr 13
'
_100
—.
Walworth Co-
l3/a
25%
88%
28
preferred
40
(Hiram) G & W—'No par
Dlv redeem preferred—No par
103/4'
25%
'
22%
*106%
27%
*27%
•
1%
16%
25%
88 Va
*18%
4Va%
preferred—100
Walker
>:
600
23
22%
94%
18%
1
10% 1
*22%
89
94%
18%
19
26 Vs Apr
56 Va
*16
22 J/4
115
10% Jan
par
1%
11
1%
*57
16%
25%
23%:
93%
115%
par
7,100
8%
■
22aA
82%
•j
99%
.
8
8%
16%
*22%
99%
93%
No
..No
?■
:
18%
223/4
*81%
23 %
100%
*115
3
System
1.700
503/4
16%
81%
*88
89
*100
.
V
/
50%
4 .17%'
22%
81%
.4*22%
*106%-' 1C7V2
107%
Jan
Waldorf
Walgreen Co.—
400
1,500
16 J/4
*25
21%
23 V4
81%
11%
27%
*22%
17
25
7%
-
•
81%
22%
25
'25%
7%
*25
25%
22%
*16*4
17
*16%
17
7
22%
22%
22%
17
*106%
RR 4%%
-
60
■
.
ll3/a
'*27 V*
11 3/8
27%'
51%
*17%
10%
"1%
58
*111/4
51
'
8 Ve-
*10%
.
11%
27%
*105%
*50%
,
11%'
27%
^
Wabash
2,400
'
*11 Va
300
Yale &
1,700
•I
17
par
79
May
par;
58
Apr 26
.23
Co
York Corp—
900
27% Mar
1
35%
34'A
35%
2,700
99
99
99
99%
V 690
14%
143A
143/4
1,200
37
36%
37
5%% preferred series A
Youngstown Steel Door
.No
2 100
Zenith Radio Corp.
Zonite Products Corp
78 V* Dec
12
Jan
30% Jan
58 Va
1
Jan
108
Apr
70%
Sep
21%
Jan
313/4
Sep
*7%
8
Jan
17%
July
11% Jan 31
v
17% Mar
8
333/4 Apr 19 V;: 383/4 Mar 16
-NO par
3,200
143% Jan
70
6
9% Apr 25
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
3,200
35
*14%
Towne Mfg.
No
No
Jan
3
101% Feb
30
Jan
Jan
6
Jan
3
16% Mar 16
9 Va
333/4 Jan
3
39% Mar 16
19%
3 3/4 Jan
19
98
Nov
16 3/8
Jun
Jan
96
13
411/4 July
Jan
Jan
82
3
100
par
37% July
43/4 May
]:'v
31
5%
5%
*5V4
•Bid
and
-
asked prices;
no
...
5%
5%
37
5%
5%
fin receivership,
sales on this day.
a
5%
5%
5%
Deferred delivery,
Transactions at the New York Stock
n New Stock.;
r
Cash sale, "
s
Special sales,
wd When distributed.
Stocks,
585,510
—
$3,368,000
5,609,300
Bond
Sales
Bonds
$161,000.
$36,000
239,000
Saturday;
-5,884,300
233,000
21,000
7,242,600
403,000
8,000
——
—
6,951,800
Total
-
618,420
—_
Tuesday—^—
7,286,500
$74,000
■v
_•
1944
Stocks—No.
f
of
•
S.
1944
83,017,484
9,455,966
$74,000
——
—
:
$39,874,600
3,059,200
79,315,900
38,096,600
/
601,000
40,733,000
-
1,178,827,500
582,000
11,000
26,000
559,0b0
42,000
2,000
645,000
28,000
655,000
9,000
""1,000
654,000
909,500
3,385,000
$170,000
$32,000
$3,587,000
;
.
Week Ended May
12,
^
909,500
:
/
TotaL-
33,017,547
$4,414,000
1,415,000
$71,556,000
3,492,000
$91,234,000
170,000
32,000
90,000
376,000
368,000
$3,587,000
,
Foreign corporate
?
21,871,527
$5,919,000
$75,424,000
$97,472,000
Stock and Bond
—
Averages
Below are the daily closing averages of representative stocks
listed on the New York Stock Exchange as compiled by
and
bonds
Dow, Jones & Co.:
-Stocks-
30
t
20
IB
Total
Indus¬
May
6—
^
—
Rail¬
trials
roads
138.87
39.09
Utillties
22.66
65
10
10
First
Second
10
Indus¬
Grade
Grade
Utili¬
"
.
■
-Bonds10
.
.■
Stocks
49.67
Total
•
40
trials
Rails
Rails
ties'
106.94
107.98
80.63
110.82
101.59
Bonds
May
8.1...
138.65
39.02
22.55
49.57
106.96
108.09
80.71
110.94
101.67
May
9_-—
138.65
39.05
22.65
49.60
106.82
108.09
80.64
110.84
101.59
138.76
39.19
22.68
49.68
106.90
10844
81.00
110.82
101.71
138.93
39.06
22.70
49.68
106.91
108.23
81.06
110.80
101.75
138.51
38.49
22.54
49.37
106.94
108.01
80.35
110.80
101.52
May 10—
May' 11
May 12
—
1943
Bonds
-Foreign government-
1,576,912,100
3,705,940
$3,385,000
:
-u
Domestic-
53,962,700
$82,421,100 $1,221,906,200 $1,631,973,050
Date—
Jan. 1 to May 12
1944
Li-
'
683,000
1943
'
(
Total
$464,000
2,000
,
644,000
■
Stocks—No. of shares
$1,098,250
-
$1,000
:
1944
135,169,059
$2,345,700
$46,000
1,704,000
522,000
1943
Bonds
Government
Foreign.——.
Railroad & industrial
25,000
135,985
TotaL
.
U.
$55,000
555,000
Jan. 1 to May 12
1943
3,548,290
$408,000
Corporate
"182,415
.
shares
—
—
Friday.
;
Week Ended May 12
91,020
Thursday.
$39,874,6004
Foreign
Government
153,685
185,550
160,845
■
Wednesday
8,980,400
$1,704,000
$38,096,600
8,000
1,000
8,627,400
3,548,290
316,000
352,000
6,962,500
746,950
v
—
,i
Monday-
"
Foreign
Of ■-.'.■;/
DomMtlo
Shares)
Week Ended May 12,1944
$3,529,000
6,540,800
646,560
Exchange
Bonds (Par Value)
.(Number
/
6,988,600
620,040
—————,
Ex-rights.
Stocks
Total
Government
Bonds
330,810
Saturday———————.——.
Monday—
;
Tuesday.
Wednesday
Thursday
Friday
Vnlted States
Foreign
Bonds
Shares
Week Ended May 12,1944
y
Jan
Daily, Weekly and Yearly
Railroad
and Miscet,
x-Ex-dividends.
2
17
Transactions at the New York Curb
Exchange
Daily, Weekly and Yearly
Number of
5% Apr
i
Wi
-
5,870,000
THE COMMERCIAL
1988
Bond Record
Prices
NOTICE
WEEKLY
-
YEARLY
-
disregarded in the week's range, unless they are the only transaction! of
account is taken of such sales in computing the range for the year.
Interest"—except for income and defaulted bonds. Cash and deferred delivery sales are
weekly range are shown in a footnote in the week in which they occur. No
headed "Interest Period" indicate in each case the month when the bonds mature.
r
;
RANGE FOR WEEK ENDING MAY 12
"and
are
of the regular
and when outside
'
in the column
The italic letters
*
Monday, May 15, 1944
FINANCIAL/CHRONICLE
Mew York Stock Exchange
«»
FRIDAY
the week,
&
^5S
*
b8b5b
Period
Treasury
Treasury
1947-1933
_1944-1954 i
1946-1950
1946-1949
1949-1952
1946-1948
,_1951-1955
—1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1965
1945
1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
1963-1968
Vis
4s
3%S
3 Vis
3'/8S
3s
3s
Treasury 4
Treasury
Treasury
Treasury
Treasury
2%s
Treasury 2%s
Treasury 2Vis
Treasury 2%s
Treasury 2Vis
Treasury 2%s
Treasury 2Vis
Treasury 2 '/2 s
Treasury 2'/2s
Treasury
2'/2s
Treasury 2Vis
Treasury
2Vis
2Vis
2Vis
2%s
2 Vis
2 Vis
2Vis
2'/2s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
June 1964-1969
Dec. 1964-1969
1965-1970
1967-1972
1951-1953
1952-1955
1954-1956
1956-1959
1947
Mar 1948-1950
Dec 1948-1950
-Jun 1949-1951
Sep 1949-1951
Dec 1949-1951
March 1950-1952
Sept 1950-1952
1951-1953
1951-1955
.1953-1955
June 15 1948
1
2 Vis
Treasury 2 Vis
Treasury
2Vis
Treasury
2 Vis
Treasury
Treasury 2s
2s
Treasury
2s
Treasury
2s
Treasury
Treasury
2s
Treasury
2s
Treasury 2s
2s
Treasury
Treasury 2s
Treasury
2s
Treasury
2s
Treasury lVis
Federal Farm Mortgage
*102.5
111.23
102.29
105.23
106.9
102.5
105.23 105.23
*105.5
*111.9
m~5~ 11T1I
111.20
*111.24 111.26
*106.26 106.28
106.24 106.24
*109.15 109.17
109.3
109.12
111.9
111.11
*111.4
111.6
*111.2
f.Q
111.4
11L7" 112~6~
111.11 111.11
J-D
J-D
M-S
J-D
M-S
M-S
Af-S
J-D
J-D
j-D
J-D
M-S
M-S
J-D
J-J
*103.8
106.24
*107.4
103.9
106.24
106.16
106.18
103.9
103.10
106.24 106.24
107.6
*107.21 107.23
*100.2
100.17
100
100.1
100.5
25
100
100.5
100.6
100.4
100.1
103.22
100.14
*100.12 100.14
104
103.21
103.21 103.21
100.2
100.2
5
100
100.2
100.4
2
100.1
100.7
100.9
100.18
106.9
106.9
*100.13 100.15
*106.26 106.28
York
New
*101.30 102
*107.6
J-D
1980
a-0
assented
A 6s
Cons Munic 7s
A Chilean
assented
A 7s
AChinese
(Hukuang Ry) 5s
Colombia
100.9
100.11
*102.3
10T31 lOl". 31
II
102.5
104.8
*104.27 104.29
104.8
*101.24 101.26
*101.19 101.21
101.9
101.8
101.6
1
100.21 100.31
„
101.9
100.31 100.31
100.5
2
100.14 100.16
100.14
101.19
1
*101.17 101.19
101.9
100.17
*100.17 100.19
A6s
of
1928
AGs
of
1927
external s f $ bonds
3s
AColombia Mtge Bank 6%s
1946
1947
1952
1953
ASinking fund 7s of 1927
(City) 5s
25-year gold 4 Vis
Copenhagen
A Costa
(Rep of)
Rica
105.8
*105.6
101.5
__
101.11
*100
M-N
100.28 100.28
„
101.2
*101
j-d
A-0
173/4
108 Vi
57
110%
,
16%
3
M-S
15 %
j-d
62%
20
203/4
57 y4
64
1
57%
63 %
37
39%
46%
63
63
63
44
453%
37
37
*34
40
J-J
A-0
453/4
A-O
■
M-N
;
„
F-A
1
J-D
M-N
25%
25%
•*
100%
(Rep of) 8s ser A.1951
*63
A-0
*63
series
1961
1969
1969
series
5Vis 2d series
(Republic of)
AEstonla
1967
1945
1949
1949
7s
(Republic) extl 6s
French Republic 7s stamped
7s unstamped
105
104Vi
149
149
"l
»
80 3i
77%
15
71%
78%
72%
72%
M-S
69
72%-
5
673%
75
86 ya
A-O
65
12
90
85
93%
84
92%
*88%
A-0
■
•
v.':
A-0
*88%
M-S
—
93
93%
88%
93%
A-O
88%
A-O
II
J-J
*30
j-d
35
90
M-S
90
*103%
*„
1968
f 0s series A—1952
Helsingfors (City) extl 6Vis
1960
Irish Free State extl s f 5s
;.S60
AJugoslavia (State Mtge Bk) 7s—1*57
AMedellin (Colombia) 6%s
1954
Mendoza (Prov) 4s readjusted
1954
s
*19%
1943
assented
5,
Nov.
to
1942,
AAssented
5,
Nov.
to
1942,
101%
5,
1942,
19
AAssented
to
5,
Nov.
to
85
16
*95%
1942,
NY
1-1693
A 6s
New
Govt.
Foreign
&
17
17
23%
J-D
AGtd
sink fund 6s
AGtd
sink
1947
1948
_
fund 6s
(King of Norway)
Akershus
coll 7s A
(Dept)
AAntioquia
AExternal
s
4s
f 7s series B
1968
1943
.1945
f-a
—
A-0
55
—
*53
—
.—1945
AExternal s f 7s series P
1945
AExternal s f 7s 1st series
_1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series._1957
AAntwerp (City) external 5s——.1958
Argentine (National Government)—
s
7s series C
f
.1948
S f conv loan 4VaS
1971
8 f extl eonv loan 4s Feb
1972
8 f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1555
External 5s of 1927
1957
External g 4Vis of 1928
1950
Belgium external 6V2s
1949
S
>
f external 4V2s_
External
s
.1955
1955
f 6s.
External s f 7s—
....
..
*96
—
AExternal
(City)
Brisbane
Q-J
*14'%
j-D
*10 %
agree
1970
1970
1973
1984
Jan
Jan
Jan
2 Vis
3s
ACarlsbad
AChile
1960
1961
1987
1968
3s
(City)
(Rep)
15 1948
15 1953
15 1958
15
J-J
Ads
sinking
A 6s
90%
82%
90%
J-J
95
94%
95
50
92
95
M-S
95
.-94%
95
24
92
95
M-N
89%
We
1
100% 100%
102
102
2
100%
101
2
102
101
101
102%
59%
35
50
59%
57
55 Vi
57
18
47%
57
56 V4
55Vi
56 V4
98
47%
57%
58
59
20
49%
59%
*93
96
92
96
■>
95
92
96
M-s
F-A
100
95% 100
100
95
77Vi
79
-
f-a
78 Vi
9
79 Vi
32
72
72%
95
•
series B
(State of) 7s
external 7s
loan extl s f 6s 1st ser
Loan extl s f 6s 2d ser
(Rep of)
ANat
A 4
%s assented
AExternal sink fund gold
A 4
10%
17
17%
11
14%
14 78
11%
11'/a
llVi
9%
10%
14%
15%
1
15
13Vi
*17
183%
18%
*16
J-J
agree
8s
%s assented
APorto Alegre
1970
1955
A.1963
1967
1947
1959
1960
1961
1940
(Rep of) gold 6s
A 4 %s assented
AStabilization loan s f 7s
lAPoland
1958
1947
1968
1950
1963
1961
(City of) 8s
1968
Greater) 7Vis—1952
Queensland (State) extl 6s
1947
ARlo de Janeiro (City of) 8s
1946
AExtl sec 6%s
1953
Rio Grande do Sul (State of)—
A8s extl loan of 1921
.1946
A 6s external sink fund gold—„1968
A 7s external loan of 1926.
1966
AExternal loan 7Vis
APrague (City of
A 7s
16 Vi
__
17
3
32
36
......10
32
14%
3534
18%
—
M-S
35%
M-S
municipal
Banta Fe external
35 Vi
/
loan
sink fund 4s
1967
1964
35%
36
92
'
'
J-D
*98
•
■*.*.
M-N
*98
—
ocf jb'il;
103
,T;U
—
79
79
793/4
23
73%
80%
81%
24
73%
93'/4
17
57%
11
50
„
A-0
95
95
1
93
97%
100
100
1
100
100%
98
98
2
98
96
97%
29
.96
94 Vi
95i/8
9
94
951/8
88
88
1
88
88
83%
85
F-A
M-S
'
...
A-O
F-A
mmm.
J-D
83%
10
93%
1
93%
94
*1041%
M-N
— —
— —
J-D
94
M-3
M-S
__
_
110
109% 110%
IB
108V4
106% 1063/4
20
104%
j-j
103 Vi
103% 103%
6
101%
1033/4
103% 103%
8
101%
103%
*102% 102%
102%
31%
36%
M-S
24
24
24%'
5
16%
25
J-D
23
23
241%
121
16 Vi
24%
24V'8
81
17
24 Vi
22%
22%
A-0
A-0
*26
A-O
*10
A-0
—
*30
—
25%
A-O
J-J
■
—
.
11%
*'•'*
'
*
—
32
12%
4
26
14*.
7
26
26%
30
■*
36
*30%
«•
30
25%
21
12
26%
39i/8
19
36
393/4
37
38%
J-J
26%
38%
J-J
J-D
..*».+
37%
8
34
M-N
102
A-0
39%
38%
34
33%
35
4
39%
F-A
100'/a
2
102
34%
——
j-j
103%
80
(
30
J-j
101%
105V4
.
v
—
——
j-j
1901
Sep 1961
m-s
1983
A-O
a-0
m-s
1634
41%
42%
14
39
425i
J-D
34
33%
34%
16
29
34%
37
37
8
34
37%
34
37%
4
81%
88
M-N
*36%
J-D
M-S
86 Va
88
37 3/4
88
19V4
19%
17%
18%
—
17'
17%
*18%
17
17
—
*18%
—
17%
—-
17%
r
'
3
18%
1
17%
19 V4
17%
10
16%
19%
32
16%
19
,
18%
19%
19
17%
•
_.
17%
7
16V4
19
19
17%
2
17%
19%
'
17%
CARL MARKS & f-.O. IK&
FOREIGN SECURITIES
SPECIALISTS
191/4
17%
19
*18%
-
SECURITIES
FIRM TRADING MARKETS
19
18%
17
16
17%
343/4
41%
19 V4
19%
41%
.„
A-0
28%
18
.
'
j-j
1961
18
4
17%
—
f-a
2
18
17
A-O
f-a
28%
*18%
m-n
1961
28%
18
28%
.
a-0
1961
6
105% 105 Vi
j-j
m-n
50%
103
'
FOREIGN
1041/4
.
—.
37%
50%
-
F-A
103%
*104% 104%
1
95
11
353/4
105%
106 V4
m-n
93 Vi
104%
110 %
106%
y2
—
88%
10
35
•
~
97
87
*92
M-N
98%
.
83
93%
A-O
For Financial Institutions
57%
a-0
j-j
97
95
81%
55
j-j
981/2
1
94
80
81%
;
F-A
80
A-O
36
100
j
89
—
81%
m-n
Feb 1961
1°92.
90 Vi
88
100%
58
59 Vi
1960
A 6s assented.:——
f^nfn0t,ps
30
89 Vi
J-J
J-D
89%
100% 100%
1960
AExternal sinking fund 6s
For
82%
51
j-j
Sep
96
92
69
1962
assented
33
96
100 Vi
90%
Jan
assented
AExtl sinking fund 6s
APeru
90 Vi
Jan
6s
f 6s
APernambuco
60
86 34
Feb
fund
s
20
86 Vi
1943
assented
16%
98%
to
ext
3 Vis
20
90 V4
M-S
mod
Ext sec ref 3Vis
56%
9
11%
"L-.
13
*13
agree
1963
1994
AStamped assented 5s
—
100%
extl s f 5s ser
Stamp
90 3/8
1943
External s f 7s
^7s assented
AOv external
94%
(Rep)
20
—
4%s
(City) sink fund 4Vis
19
A-O
1954
8s
AExternal sinking fund 6s
A 6s assented
AExtl
20
16 Vi
63
m-s
3 %s
3s
3s
30-year
30-year
16%
4
m-s
(Dom/Of) 30-yr 4s
25-year
15
F-A
_„1961
f $ bonds.;
s
19
20
96
M-N
J-D
External s f 4%-43/4S
21 Vi
17
12
100
J-D
External readj 4%-45/8S
external
A Panama
59
Refunding s f 4V4-4VaS
3%
Oslo
20 3/4
20
m-n
A-0
External s f 4%-4%s
Canada
21%
17
ANat
,-1950
—
21
17
5
*58
20
A-O
J-D
1977
stamped
A6s
17
18
20%
18Vi
20
A-0
fund
Municipal Bank extl s f 5s
21
213/4
19
A-0
A-0
f 5s
s
sink
21%
98 Vi
10%
—
10%
agree
—1956
1965
1963
sink fund 4Vis
External
19%
21%
J-J
1952
1957
1958
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
External
4s sink fund extl loan
9
T 89%
23%
97%
*17
1944
54 Vi
—
—
23%
*18V'a
-
6s
55
19Vi
•
—
_
J-D
Ry)
(Central
,A7s
J-J
—
19%
21%
J-J
—1957
f 6V2s of 1927
s
_
17
163/4
10%
Q-J
■
5s
50%
•
19%
21
J-J
1941
1951
lABrazil (U S of) external 8s
AExternal s f 6%s of 1926
:
*64%
M-S
'
AExternal
—
f
53
2
55
—
s
99Vi
12 %
17
M-N
1957
1958
f 5s
external
Norway
(Colombia)—
s
62 Vi
95%
99
'
J-D
(State)—
South Wales
External
Municipal
^
series A
External
Agricultural Mtge Bank
7s
(City)
85
11%
A-O
1958
1959
1952
1959
6Vis
ASec external s f
AMontevideo
19-%
75 Vi
62 Vi
M-N
assent—1933
5,
Nov.
1942,
20 Vi
16%
21
193/a
A-O
1945
AAssenting 4s of 1910
(State)-—
ASec external s f 6Vis
New York
102
..
100
85
agree
1954
1904
Nov.
to
AAssented
Broadway,
103%
"
A-0
1945
1945
extl 5s of 1899 £
(US)
99Vi
90
103%
Irrigation—
stamped
34%
30
Mlnas Geraes
120
65 Vi
59%
77
77
F-A
paid
part
§ATreasury 6s of 1913
2-2300
149
59%
"*
76%
j-j
1964
paid
part
(Republic)
AAssenting 4s of
REctor
112%
1393/4
*110
Government—
A7s
AAssented
Teletype
107 Va
1
11
A-0
1st
105%
105%
J-D
5Vis
105%
104%
1945
Customs Admin 5%s 2d
27
103%
—
105% 105%
J-J
65%
21
1
*106%
_1952
fADenmark 20-year extl 6s
1942
External gold 5%s
1955
External gold 4Vis
1962
lADominican Rep Cust Ad 5Vis___1942
§Alst series 5%s of 1926
1940
§A2d series sink fund 5%s
1940
68
57%
7
64%'
"64
M-N
M-S
F-A
5Vis
37
5934
2G
67%
67
67
J-D
wks
37%
36
__
1977
1953
APublic
37%
34
*34
1949
AAssenting 5s of 1899
York Stock Exchange
34
1
■
debt
AMexlco
Members New
17%
2
17%
*16
18
16%
15%
6
15%
16%
4%s
A Assented
Wertheim & Co.
18%
16%
*
loan
A4%s
Telephone
18 Vi
'17%
•
103/4
M-N
1949
Sinking fund 5%s
Mexican
Foreign Securities
18%
18
16%
6
•
18 V4
•]
17%
— —
16%
16%
*16%
M-S
16
7
*16%
•
16 %
18%
16
10
!
16%
16%
16%
external
External
4Vis
Haiti
109 Vi 110
109%
18%
*16%
J-D
1951
7s
(Republic of) 5s of 1914
Cuba
Finland
*101.11 101.13
16%
(Republic of)—
ASinking fund 8s series B
100.2
20
*104.11 104.13
J-D
J-D
j-D
j-d
Oct 1961
Jan 1981
1970
1947
A 6s assented
AGuaranteed sink fund 6s
,
ACzechoslovakia
107.8
100.10
City
Corporate Stock
M-N
19
19
i—-*'
'
16%
16%
J-D
High
19
16%
-
;
A 6s
1945-1947
A-O
1962
.1962
1960
1960
1901
1.
'
Loan Corp—
M
1961
Low
9
— —
17%
*16%
J-D
ASinking fund 7s of 1926
103.31
104
104
1961
1961
6Vis
A6Vis assented
AGuaranteed sink fund 6s
January 1
•
17
17%
Range Since
Sold
No.
High
*18%
M-N
J-D
A6%s assented
ASinking fund
103.11
103
103
103
112.5
M-N
1957
1957
1961
Bank 6%s
AChile Mortgage
105.18
100.19 100.19
111.11
1963
1963
assented
A 6s
*104.29 104.31
;
Low
^.External sinking lund 6s
Bonds
Friday's
or
Sale Price Bid & Asked
(Continued)—
(Rep)
Chile
105.4
105.7
*110.18 110.20
J-D
M-S
Transit Unification Issue—
3%
111.13
Period
Greek
1944-1949
series
High
*111.11 111.13
l-O
J-D
M-S
J-D
J-D
J-D
M-S
M-S
M-S
M-S
M-S
J-D
M-3
J-D
J-J
M-S
J-D
M-8
M-S
M-S
NO.
Lovo
Last
Interest
Exchange
January 1
Corp—
3s
Home Owners'
lVis
High
Low
Sold
102.28
Sale Price Bid & Asked
New York Stock
Range Since
Bonds
Friday's
or
Government
S.
U.
Last
Week's Range
Friday
BONDS
Interest
Exchange
Stock
Week's Range
Friday"
BONDS
York
New
50 Broad Si., New York 4,
Telephone HAnover 2-0050
N. Y.
Teletype N. Y. 1-971
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
159
NEW
YORK
RANGE
BONDS
.
New York
'%•;•
Friday
Stock Exchange
or
Bonds
Friday's
Sale Price Bid & Asked
Low
ASao Paulo
(City of Brazil) 8s
IASan
Paulo
extl
39
f
1957
Af-N
34 %
1936
J-J
34'A
43
43 %
A 6s
extl
Seros
A
f
s
secured
ASllesla
J-J
A-0
61%
61 Va
17
17
17%
23
J-D
21
Va
95
»/a
1958
f 5%s
F-A
1946
F-A
Af-IT
*86
1964
Af-N
1979
Af-N
1979
Af-N
conversion
extl conv
(City)
Southern
Power
1st
33As
3%s
mtge
J-J
J-D
J-D
71'
Af-8
-;
J-J
1948
A-0
1948
*108
95 Va
A-0
1946
100 1/4
1950
A-O
99%
1998
A-O
77
income
Alleghany & West 1st gtd 4s
Stores
Corp 4'/as debs
Foreign Pow deb 5s
94%
Af-N
103%
103% 103%
J-J
105Va
105% 106 Va
4s
109%
109
J-D
109%
M-S
116
116
A-O
103%
87
87
A-O
Nov
1958
106%
105%
.
106%
60
118%
1061/4
106%
110
109%
110%
109%
110%
R &
*110%
•••**#
•
110% 110%
V:
*105
1
110 Vs
110%
2
/
:.:•■
2d
A
M-N
106 V4 106 %
M-S
1964
1952
M-N
1948
1948
J-J
deb 3s
1953
M-S
41%
88 Va
153
102% 102%
102%
184
87
87 Va
113
41%
42
35
J-J
104 Va
5
99% 100 Va
100%
J-D
4s
Oct
Div
35 Va
106 Va
69
89%
43
36%
105
&
AGen
105%
1st
Ohio
&
RR—
mtge gold 4s
July 1948
Stamped modified bonds—
1st
gold
mtge
Oct
1
(int
Ref St gen ser A
Ref
&
1
gen
ser
Sep 1 1946)
Ref & gen
90
91
89
uJZ,',
73%
•154
92%
2%s
Consol
mtge 3%s series
H
100
104%
103% 1041%
/
102% 103
.
931/a
92'A
93%
171
72%
72'%
72Va
3
Af-S
101 'A
100% IOIV4
24
M-S
1996
79%
101%
137
J-J
9
132%
50
1061/4
109%
63
106 Va
109
.•
zz.
121%
123%
120
121
166
"..1" 21%
ft 106%
57
102
106Va 106 Va
A-O
J-J
106
j-j
10
100%
10643 106 U
106 43
51
*121
"26%
26%
106
ft
1949
1949
ZZ
27V4
*123% 125
J-J
1949
1949
*106V4
Af-S
108
301/4
106 42
106 Va
107% 108 Va
103
103
10622
103
„
105%
98
109,
1977
F-A
105
104% 105 Va
243
84%
1971
105Va
F-A
107%
107% 107%
145
92%
107%
RR—
(conv)..
1997
j-j
53%
53%
55%
212
1982
M-N
1988
j-j
85%
85%
85%
81
2038
A
J-J
56%
54%
56%
83
47
50
71
47%
67
45
63
10 Va
14%
j-j
■
—
C
1947
y
*66
j-j
1966
series
'
J-J
68
61
63
12
59%
60
:-V'? 9
61
J-J -Hi
M-N
■J-
*126%
'
48%
125%
76%
63%
127
•
88
60%
)
'
SUi
•;<"
%
li%r
11%
<11%
•*
11%
j.j
J-J
79%
97%
12
11%
97%-
97%
-
10%
G
87
14%
100
Paul—
78
AGen
4%s
E
86%
May 11989
j-j
84
83%
84%
207
AGen 4%s series F
May 1 1989
tChic Milw St Paul & Pac RR—
series
49
47%
49%
.188
41
53%
49
47%
49%
286
41%
53%
AMtge gold 5s series A
F-A
36%
36 Va
37%
332
31%
41
AConv
M-N
79
77%
80
91
64
82
AGeneral
67 Va
72
271
AGeneral
57
72
56%
80%
74
85
12
73%
86
—
79%
*85%
85%
*52%
49%
98%
'
68
99%
A-O
*101
4s
99%
1
gold
106
101 'A
■.
1961
1960
1970
1061/4
1950
•
90%
58%
registered—
ref
ref 4%s
Alst
&
ref
101
103%
106
■.
A
2
*96
5
.-•■
92%
101
100
deposit
76
17
77%
77%
23
78%
9
104
1936
4%s
gen
25%
parf
M-N
*
23
81
96
58%
13
50
61%
58
••
25
49%
61
May 1 2037
J-D
57%
58 Va
7
49%
13%
14%
143
.11%
17%
IO41/2
175
101%
104%
63%
65V4
636
63%
65%
81
C
1949
mtge 4s ser A
1989
w
i
J-J
1999
i
w
M-N
J-J
57%'
13%
104
104
63%
-.1927
F-A
67%
69%
19
67%
J-J
68%
68%
70%
221
61%
69%
...
70
35
39Vt
43
793
36%
45%
48%
289
39%
51%
9%
298
ACertificaies of deposit
5ARefunding gold 4s
1934
A-O
40
46%
§ A Secured 4%s series A
1952
M-S
63%
AConv
I960
Af-N
53%
11
41%
58%
1951
J-D
**95
1951
J-D
*81
1951
J-D
1st 5s_„1960
J-D
104 Va
108
112%
101% 102
40
104% 105 %
18
101%
94%
3%s_
Memphis Div 1st gold 4s
102
103% 107
111
112%
109
*110% 111%
gold 4%s
Chicago St L & New Orleans 5s
109%
Chic T H & Southeastern
Income
A
1st
iRt-
54
53
55%
249
44%
56%
Dec 1 1960
Union
25 Va
26%
*25
—
93
93 Va
21
28
54
89%
93 Va
26 Va
93
69
21%
J-J
80'/a*
80
A-O
91
90
Va
29
80%
9
69
82
91 %
16
86
91%
ref 4%s
A-O
103 Va
Power 4s__
1966
A-O
107%
1962
A-O
100%
2
64Va
82%
84%
26
72%
84%
73
52
59%
77
82%
82
1992.
59
mtge 3%s
cons
5s__
3%s„
;
1st
110%
J-J
1952
110% 110%
74
109
110%
105
104% 105V4
17
102 Va
105%
J-J
106 %
106% 107
32
104
107
M-S
105%
105V2 106
19
104%
106
1943
A-O
80%
A-O
1952
Af-N
1966
F-A
*109%
J-D
*111%
gtd 3%s D
1971
1969
78
103%
Ref & impt 4%s series E
107% 108
12
•107%
109%
Cin Wab & M Div
100% 100%
66
95%
100%
St L Div
1st
J-D
J-J
1991
4s
J-J
1990
M-N
55
82
82%
61
53
82%
66
20
59%
110
__
109%
—,
17
76%
406
72%
75
70
70
__
'
111
112%
•:•
30
90%. 93
-
r?
3
88%
99
99%
98%
97%
*100
75%
111%
112%
110% 110%
97%
70
108V2 109%
__
*112 Va
J-D
..1977
4s
tr gold
1993
1993
101%
59
66
F-A
82
77
--•77
A7-N
1st mtge gtd 3%s series E—
Cleve Cin Chic & St Louis Ry—
General gold 4s
coll
26
..1967
—
Cincinnati Gas & Elec
Cin Union Term
J-J
;
page
95%
85
—1957
5s
t A Choctaw Ok & Gulf
1st
1.1%
90%
.1962
34
103 V4 103%
'
84
.1963
4s
com
series D__
General 5s series B
—1968
8%
75
73
72
72
1963
mtge 3vbS series F
flAChilds Co deb
1st
■"
Station—
mtge 3%s series E
b
68
84
100
73
§ADebenture 5s
25 Va
M-S
46V2
-V 8%
Certificates of deposit
Chicago
1st
guaranteed 5s._
60%
stpa
paid
90%
103
77%
941/a
52%
-
80
57%
1
Gold
79
67%
58%
tChicago Rock Island & Pacific Ry—
AGeneral 4s Z
—1988
■
67%
93%
93%
83%
108'A 109%
77%
J-D
34
4
78
76 Va
65%
J-D
127
108% 109
65%
67%
78
901/4
*102 Va
3%s__
gtd 5s A
757/a
58%
1955
5s gtd
64
35
89%
57%
1960
5s___
5
76 Vs
May 1 2037
stpd
2nd mtge conv income 4%s
t§&Chicago Railways 1st 5s
-r —
—
21
A-O
76%
74%
65%
■
.May 1 2037
gold 5s
Chic & West Indiana
,
1952
1st &
•
—
p
AConv 4%s series A
106%
106
"
::
64
78%
M-N
74
75%
M-N
1987
&
tBurlington Cedar Rap & Nor—?
Bush Terminal 1st 4s
75%
1987
4s
&
44
A-O
74%
M-N
Alst
modified
1934
75
1987
Alst
103,* 103%
.
F-A
§ Alst & coll 5s
17%
74%
3%s
99%
lllVa 112
Af-N
11%
M-N
104%
■
"
J-D
(interest at
May 1, 1947) due—...1957
563
M-N
103 &
1981
4V2S B
15%
M-N
112
Niag Elec 3VaS series C—1967
Buffalo Rochester & Pgh Ry—
14%
"
52
52
Af-N
Buffalo
14%
1987
Af-N
J-D
A-O
1987
'
1950
59%
Jan 1 2000
1987
Af-N
F-A
Af-N
1957
87%
45%
A4%s stamped
§ASecured 6%s
101%
.
2
103
103% 103%
•
77%
1.087
51%
104%
8
96% 100
1
41
56%
M-N
105%
7
7
•'..
;
A-O
J-J
M-N
F-A
85
54%
M-N
100
•
105% 106
'V
84%
1987
101
86Va
55
registered
n
83%
85
1987
100%
6
102V4 102%
100
74%
f-a
••;. 129%
128
8
,
105% 106
102%
195
j-j
Fed inc tax
AGen 4%s stpd Fed inc tax
AGen 5s stpd Fed inc tax
■
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
1947
—_—
86
—
101
106
.
J-J
F-A
M-N
1st lien & ref 5s series B
86
128% 128%
A-O
80%
79%
1975
adjustment 5s
3%s
*.'77
85%
'
tChicago & North Western Ry—
\
101
Bklyn Union El 1st gold 5s...
A
Af-3
1955
1966
gold 5s
series
Af-3
J-D
Bklyn Edison cons M 3V»s—
see
93%
100
108'% 109
108%
1949
111
103
J-J
3s
...
74
72 Va
108% 109%
F-A
1989
136% 137
M-N
1946
96%
69%
—___„_1955
series
gold 4%s series JJ
mtge 4s series RR
A Inc mtge 4V2S ser A...—July
tABoston & N Y Air L 1st 4s
footnotes
10
F-A
76%
76%
M-S
1st
For
109
50
J-D
'1st
cons
104
35%
228
„__1967
1st 5s AC
Southern
30%
108%
76
F-A
Big Sandy 1st mtge 4s
California-Oregon
26%
106%
84%
1959
1960
—1965
mtge 3s series G__
Canada
27%
26
74%
.1944
Consol
Power
36
34 %
107% 108
83 Va
1952
Consol mtge 3V4S series F
Elec
33%
*23 Va
75%
1956
Beth Steel 3Vas conv debs
California
31
83 %
1950
debentures
Consolidated
37%
J-J
A-O
Bush Term Bldgs
39%
29%
j-j
A-O
of
30
97
May 11989
1951
A Certificates
167
C
Telephone of Pa 5s series C—1960
to
92
36%
36
4%s series
to
Beech Creek Extension 1st 3V2S
3 7c
V
112
May 11989
gold 3%s series B__May 1 1989
J-J
J-D
Stamped
83%
M-N
1996
30%
111%
AGen
4s
AStpd 4s
stamped
Gen Elec
33%
'
23
1
33'%
34%
A-O
8
52
112
90
i960
5s series A
gen
?
.'£'&*•.
90'%
31
J-J
J-j
28'%
34%
90
AGen
1951
3s__1989
Buffalo
&
27
112
'->•
-
58%
J-J
Debenture
27
A-O
J-J
46%
& Aroostook RR—
5s
J-J
16%
229
1996
ref 4s
M
56
53%
—1951
1st
16%
50
52%
—2000
F (int at 1%
due
Battle Creek & Sturgis 1st gtd
•
12
7
52 Vs
■
& Maine
51
J-D
78%
Boston
I2V2
52 Va
AGen
71%
2%s
12
52 Va
1995
due
Loan
12%
53%
Feb 1 1960
Indus
A-O
J-D
41%
J-J
Beneficial
50%
12
244
J-J
Bell
37%
22
49%
1950
4s
80
121%
47%
1959
Con
47
12
53
48%
due
Bangor
44
12%
Alst & gen 6s series B
May 1966
Chicaeo Ind & Sou 5C-year 4s
1956
(int at 1% to
1947)
91%
44
A-O
2
J-D
Toledo Cin Div ref 4s A
1
80
M-N
1989
tChicago Milwaukee & St
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3Va%
to Jan
57
1995
due
AConv
A-O
Alst
103%
68 Va
60
1954
inc mtge 4%s
ARefunding 4s
106
80%
'
88%
Zvii #§.:?'
to
due
ser
Sep 1 1946)
70%
210
87%
(int at 1V»%
C
1 1946)
Ref & gen ser D
85%
■
July 1948
(int at 1% to
due
1946)
Dec
to
4%
87
V
--
due.
1946)
J
Dec
at
A-O
103%
101 %
1942
gold 4s
4s
671/4
48
29
80
tChicago Ind & Louisville Ry—
ARefunding 6s ser A—
1947
ARefunding gold 5s series B—.1947
B
Baltimore
*
103%
1943
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series
AGen
52
59
y
■
F-A
RR ref
inc
4
80
1958
mtge
107%
1945
4s
Eastern
110%
105
1992
cons
111
7
631%
103
98
109%
104% 104%
,
——
registered
Chicago
63%
A-O
1st & ref 4%s series B
1st & ref 5s series A
103 V4
33%
104%
'
—
F-A
gold 4s_1949
5%s A
Division
105%
100%
J-D
1962
General 4s
89 Va
37
7
19
*105 V4 105%
4s
•'".
101%
104
1959
Illinois division 3%s
3%s registered.
90% 100%
it)
112%
100 Va
1948
Chicago Burlington & Quincy RR—
113
12
29
105% 105V2
63%
95%
23
*109% 110 Va
•
111%
84%
1945
1987
consol gold
32
104
IU
103% 104
*108
F-A
_ZZZZZl987
1st
104
k.
114
110 Va
>
52
ft
1C4
J-J
'
118
"111%
8
19
94%
100 Va 100
J-J
104%
gold 4%s
Illinois
v
j-j
103V4
4s
tACUcago & Alton
'Z*
112% 113
A
V'."'
110 Va 110%
941/2
J-J
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
Potts Creek Br 1st 4s
109%
20
General
94 •'
M-S
3/ 118
"
113% 114
1987
Prod
-v.:/:";; 4
v"
HOVa
F-A
J-J
Y
N
116% 116%
F-A
J-D
Chesapeake 81 Ohio Ry—
123
1
123
117 Va
1955
registered
Certain-teed
112% 115
66
115%
116%
.1962
Through Short L 1st gtd 4s
Guaranteed gold 5s
§ACentral RR & Banking 5s
stmp
87
104
105
Ry—
Atlantic & Danville Ry 1st 4s
Atlantic Refining
76%
102%
53
118%
A-O
M-N
1st
Power 3%s
Central Pacific 1st ref
gtd
J-D
July 1952
gold 4s
4
•V/V: 2
•/,
109V4 109%
J-J
1946
106'A
122
M-N
1963
mortgage
/v,
4s
Central
69%
109% 109%
122 '/a
J-D
gold 5s
4%s
63
114% 115
J-D
mortgage 3%s
unified
114%
J-D
1st 4s
4s
106
A-O
1960
cons
110
6
117
1981
registered.
AGeneral
104%
107
5s
117%
103%
15
104
1955
1st
115%
65
105% 1061/2
j-j
110
68
104
.1955
1910
Line
68
Q-J
1995
Air
•••"•.'■■ft'
109%
108
104
•
108Va 109
F-A
1995
1905
1st
107%
107%
116
1
AMobile Div
104%
105Va
40
116%
Af-S
1978
Stamped 4s
Conv gold 4s of 1909
108'/a
Jan
1995
Charlotte
103
44
103% 104'%
M-N
(Bel)_1957
Adjustment gold 4s
Trans-Con Short L
95
116
9
6
1959
AChatt Div pur
money gold 4s__1951
1st gold 5s
1946
Central Illinois Light 3%s
1966
t A Cent New Eng 1st gtd 4s
1961
tACentral of N J gen gold 5s
1987
106
86%
11
109%
1975
income debenture?
gold 4s of
104%
45
1.
109% 110
1967
C
•
High
107
V:
ZZl950
w
ARef & gen 5%s series B
ARef & gen 5s series C
78
2
Vi
.94%
1962
3s
series
67
78
105% 105%
i" 94
A-O
1956
£
deb
Atchison Topeka & Santa Fe—•
General 4s
coll
100 Va
105%
1st gold 4s
1995
Memphis Ry Edge & Term 5s 1964
(Del) 4s B
1955
N
87
*
16
78
Af-S
Arbor
&
587
77
F-A
Armour & Co
L
99% 100
1961
Anglo-Chilean Nitrate deb
Second
102%
1966
Co
Atl Knox & Nor
-
0:
U P
10543
.
,.V
M-S
gold 4s
iCeDtral of Georgia Ry—
Alst mtge 5s
Nov
§ A Consol gold 5s
102%
91
1949
Wat Wks & Elec 6s series A
fund
99
56
Branch
32
^16% 113%
117% 118
1965
Adir 1st
A Cent
Co.—
debentures
debentures
101
145
1949
American Telephone & Telegraph
3%s debentures
102
99% 101
&
118
2
117% 118
1949
gtd gold 4s
Celanese Corp 3%s debs
Celotex Corp 3%s debs.
100
101
102% 102%
1951
5%s__!.
conv
102
2030
5%s
conv
Corp
89 Va
Cart
u uw
118
118% 118%
1944
gtd 4s
Carolina Clinch & Ohio 4s
Carriers & Gen Corp 5s w
98 Va
100%
102%
G Chem
104%
108%
J-J
January 1
AO.
105 JJ 105
105 ia
Range Since
Sold
H ig/i
J-J
i960
1st
Bonds
Friday's
Low
J-D
1954
4%s
HA Carolina Central
or
1956
Collateral
trust
Week's Range
h
i
118
J-J
■V
1-310
1955
104%
89%
A-O
6
1970
5s
104 Va
Last
J-J
1969
a.
103
'.97
*102
A-O
Oct
103 Va
97
.'1957
equipment trust ctfs___,
Coll trust gold 5s
95'/a
York
Teletype—NY
Sale Price Bid & Asked
v
perpetual
74 Va
107 Va
Interest
.
July 1969
103
_!/
..
Guaranteed
1951
Canadian Northern Ry deb
6%s—.1946
Can Pac Ry 4% deb stk
'
1948
gold 4%s
100 Va
103%
1
13
*105
4-0
General
Guaranteed
Guaranteed
109
68 Va
7
72
Friday
Exchange
gold 5s
gold 5s
gold 5s
gold 4%s
gold 4%s
gold 4%s
Guaranteed
19 Va
17 Va
f
109
103% 104
J-D
1st
10
*103
1950
Atlantic Coast
Canadian National
62
10
12
103% 103%
J-D
1949
&
~6
71%
modified
Atlanta
19 Va
17 Va
*104
modified
Conv 4s of
Va
59
68
16%
5s
Conv
Guaranteed
-19%
19 Va
5s
7s
72 V4
*65 V4
f-a
f-a
1972
assented
warrants
sink
Guaranteed
66
1947
Albany & Susquehanna RR 3'/2s
3%s registered
Alleghany Corp—
1st
66
5
1953
Albany Perfor Wrap Pap 6s
Ann
71
70 Va
M-N
Ark &
60
70 Va
1967
A
3
70 Va
1953
Tobacco
64 Va
f-a
;
New
Period
64 Va
60
1958
New York Stock
c.
76
2
1984
Exchange
Bell
BONDS
J,-,
71V4
64 V2
1958
Stock
DIgby 4-4933
72%
69 V4
1978
external 7s
Great
conv
65%
York
91
89
New
Broadway
Telephone
95 V2
89
—
I—
Members
61
*87
71
F-/1
3s
91
91
64 V2
1946
Am
■;v>: 2
64%
1948
Amer
'
J-D
10-year deb 4'As stamped
3 %s
21 Va
Industrial Companiea
and
Internat
4
10
1978
Adams Express coll tr gold 4s
Coll trust 4s of 1907
Amer I
23
95 Va
95 Va
request
PFLUGFELDER, BAMPT0N & RUST
17 Va
17%
11
21Va
*88
1960
12
3t
17%
20 Va
1955
AStamped
Am
11%
16%
23
JAbitibi Power & Paper—
§A5s series A plain..
&
16
165/B
23
i.
1958
Mortgage Income Bonds
WRITTEN
on
63 Va
j-d
7s
3%s extl readjustment
Allied
61%
Circular
35 Va
extl
A4%s assented
Am
30
Af-N
4-4%-4%s extl readjustment
A5s
39
56 Va
of)
37/8-4Va-4ft
with
44
33
3
Af-N
readjustment
External
6s
39
2
($ bonds of 1937)-—
External
Alabama
12
4
1962
External sink fund 6s
Alabama
44
New Railroad Second
(Kingdom)—
(Republic) extl 8s
A External sink fund 6s
3%s-4-4%s
4
38 Va
•
1962
s
34Va
Prospective Prices of the
40
30
35 Va
35 Va
extl
Uruguay
Railroad
43
sec
(Prov
AWarsaw
42 %
—
A Discussion of the
High
35 >/a
6
12
external
Sydney (City)
A
M-S
1968
A4VaS assented
a
.
1940
7s
Croats & Slovenes
8s
A7s series B
Low
37'A '37 V*
,
43%
•
J-J
1956
dollar loan
§ A Secured
„
.1950
loan
water
43
January 1
No
,
39
external
A 7s
Af-N
s
(State)
A 8s
1952
Range Since
Sold
High
8s
A6Vas extl secured
RECORD
ENDING MAY 12
Week's Range
Last
Interest
Period
.
BOND
FOR WEEK
1989
100
57%
76%
53%
72%
82
94%
THE COMMERCIAL &
1990
Monday, May, 15, 1944
FINANCIAL CHRONICLE,
NEW YORK BOND RECORD
MAY 12
RANGE FOR WEEK ENDING
BONDS
New
Interest
Stock Exchange
York
Last
or
Hiah
Low
Pittsburgh RR—
gtd
gtd
General 4Vis series A
Gen & ret 4V2S series B
Cleve Short Line 1st gtd 4 Vis
Cleveland
C
D
.1948
3Vas
Series
3V2s
...
M-N
.1950
F-A
F-A
*106%
.1981
J-J
*106 Vi
96 Vi
109
84
98 >/«
89
91
208
75%
91%
J-D
91
.Refunding 4s_—
M-N
.1961
J-J
105'
A-0
1969
105%
109
109
108%
110
113 y8
113%
105
131
~7
110
*113%
—
108
J-D
1968
110
1958
J-J
111
111
1951
J-J
114%
F-A
.1953
110
102% 102 %
A-0
104
A-0
107 %
.
103%
105%
21
105%
107%
108%
108
108 %
16
107 Vi
21
103% 105%
51%
3
45%
59%
18
45 Vi
59
51%
J-J
52 y8
J-J
M-N
51%" 53
53
46%
6
53
;
58
,
M-N
*noya
1970
M-N
my2
A M-N
108%
108
M-N
1969
mtge 3 Vis
1950
J-D
1942
f debs
J-D
—
Ry 1st 5 Vis
ADeposit receipts
1952
ACuba RR 1st 5s gold
—-—
ADeposit receipts
1
1946
A7Vis series A extended to
ADeposit receipts——
1946
A6s series B extended to
—
ADeposit receipts
1953
Curtis Publishing Co 3s deb
IA Cuba Northern
110
A-0
1955
2 Vis s f debs
108
108%
108%
111
102%
47
J-J
*69
68%
"l
39
J-d
40
18
48
101%
101
100
—
Delaware
{Denver
consol 4s J—
gold 4Vis
{Denver & Rio Grande
§ A 1st
§AConsol
A
Assented
F-A
F-A
79%
92%
5
105%
106%
149
50%
52
45
2
49%
55
46
56
67
5%
5
8
4Vs
6j/2
4y4
4%
61
44 v8
4%
.
A-O
1978
series B,
-
191
45 y4
35
——
—
108
90%
89%
5
5
M-S
i.—
A-0
Ill
*105%
40%
v
111
j-d
106%
j-d
105% 106%
54
85%
61 V
62%
204
99%
99%
1
20
1st
Div
33
M-S
*102%
A-0
90%
90 v
90%
86V8
86%
86%
1
1951
3s——1951
71%
J-J
1951
J-J
1951
1951.
J-J
1963
J-D
.1963
1950
J-J
jst gold 4s
J-J
37%
J-J
110%
—
111 & Iowa 1st gold 4s
Inspiration Cons Copper. 4s-—
_1952
{AIntqrrGreat Nor 1st 6s series A.1952
A Adjustment; 6s series A—July 1952
A 1st'5s series-. B-~
1956
A-0
M-N
1995
J-J
1950
J-D
..—1970
A-0
stamped
5s
1st
'
41
28
9
98 Va
107
102%
108%
'
A-O
97
•
1962
J-J
J-J
J-J
M-N
*106%
M-S
,
7
80
99%
*104
101%
101% 101%
16
105%
68%
105% 105%
68%
69l/2
106%
82%
32
97
103%
106
2
150
102%
~4
113%
148%
__
107%
110
~2
98
1971
3Vis
106
107%
97
114
M-N
.1961
& Rub 3s deb
101%
84
64%
98
97
102
105%
75
106
106%
102
__
105
102
Flintkote Co 3s debs
X A Florida Cent & Peninsular 5s.
.1943
J-J
129%
129% 129 Vi
.1959
J-D
100
100
.1974
M-S
{Florida
A
1st 4 Vis
East Coast
& ref 5s series A—.—
A 1st
of
Certificates
*102% 104 y4
50
49%
*45
deposit—
1
103
117
47%
61%
16%
24%
J-J
46
46
47%
21
43%
57%
——1956
.1944
J-J
46%
46%
47%
35
A-O
59
57%'
Paper. 5s series A & B—1947
Internat
J-J
C
debs—.
Sugar coll trust 6s
.1956
Francisco
42%
59%
42
Gas & Elec of Berg Co cons 5s__ —1949
—1949
Gen Steel Castings 5V2s
—
& Ala
{AGeorgia
11%
103
103
98
98
98
Vi
35
97%
14
13%
103 y2
98%
J-d
103%
30
101%
28%
11
22%
32
62 y4
7
48
68%
1956
J-D
106 y4
29
J-D
101 Vi
j-j
1961
—1952
General 5V'2s series B
1973
General 5s series C_—
j-j
/•
/
—1946
5
101 %
101%
18
108 V4
111%
111%
j-j
19
105%
116
62
100
110
\
134
98%
107 Vi
102%
104%
102%
103%
mtge 4s series H
1940
vj-j
41
Gen
—1967
mtge 3%s series 1
deb ctfs a—
J-J
355
Feb
—
115
47
107\%
J-J
Gen
AGreen Bay & West
107J/i
5
j-j
j-j
General 4V2s series E
mtge 4s series G
10
105%
103%
j-j
—1978
General 4V2s series D
General
11%
31
j-j
Northern 4 y4s series a
Great
14
13
J-J
F)
(B
12%
12%
1934
,
1st 4V4s
Grays Point Term 1st gtd 5s
Goodrich
12%
Oct 1 1945
Ry 5s
{§AGa Caro & Nor 1st ext 6s
M-N
100
91
100
65
12%
19
89%
100
j-j
34
66
Gulf
Feb
B
5s series a
87
1st
84%
83
84%
87%
87%
Gulf States Steel
s
88%
Jones
& Laughlin: Steel
Houston
Oil
A-0
—
Hudson Coal
Hudson
For
Co
1st
Gas
s
f 5s
1st
1st
ref
&
footnotes
see
page
58%-
81
40
95%
100
100
72%
48
82
86%
85
1
71%
69%
86%
A-O
84
83%
84%
57
84%
83%
85 a.'^-
59
72%
36
107%
109%-'.
2
114%
119
51 Vs
69
-107% 108 y4"
J-J
J-J
118% 118%
J-J
*67
70
J-J
*97Va
98%
-.
91%'
85%
97%
*98%
J-J
;
;
98
*94%
J-J
98
90%
94
A-0
-/A'."
174
1
108 Vo
108%
*108%
175%
107%
*175%
J-J
108%
M-S
110 VH
107 V'2
.1950
Toll 5s ctfs_,——1959
108% 109
107% 107%
M-S
22
106 Vt. 107%
.102% 103%
J-J
M-S ?
36
102%
Coll 81
,
Lake Sh & Mich Sou,
1953
1
130%
90%
41
85%
103%
2
A—1962
68%
99
117 %
103
•'
4
...
3%
104%
3%:
F-A
1997
1997
gold 3y2s
registered-
3%s
Lautaro Nitrate, Co
98
133
92%
105%
99%
1975
1954
A—„—-1965
gold 4s
1945
Lehigh Valley Coal Co—
»
1st & ref sink fund 5s
1954
5s
stamped.:-1954
•»
1st- & ref sink fund 5s—
1964
,5s
stamped
J.
1964
1st & ref sink fund 5s
1974
5s stamped—
'
—1974
Leh Val Harbor Term gtd 5s_—-—1954
Lehigh Valley N Y 4%s ext
1950
*
Dec
J-J
reg
Lehigh & New Eng RR 4s
93%
98%
89%
93 y2
—
103
,
94
75
65%
28
80%
86
71
*75
98
86
84%
7
92
*79
80 Va
70
76%
78 y2
78%
10
65
67
64%
67 V4
49
56
69%
J-J
77
77
78
21
64%
80 Va
M-N
37%
33
44%
34
43%
37
48%
46%
,.:.77
183
38%
37%
*36
37
42
43
125
40
40
3
35%
50%
50%
50%
38
42%
74 %
74%
75%
36
64%
78
2
123%
126
104% 104 V4
8
104 V8
107
102'/a 102 V4
12
102%
104
120 Va 120 V'4
2
i2oy4
122%
104
105
103%
M-N
103 %
42%
M-N
'
A-0
126
A-0
1965
J-J
A-0
102%
F-A
M-N
126
*104
57
32
*108
A-0
—1950
1949
M-S
104
105%
M-S
105%
105% 105%
19
M-S
105%
105% 105%
11
104
105%
F-A
119% 119%
10
119%
120%
A-O
-—1949
4s
stamped
-1949
Lorillard (P) Co deb 5s
1951
3s debentures
1963
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3yas
——1966
Lou & Jeff. Bridge Co gtd 4s
1945
& .Nashville
95
-.
F-A
1951
—1962
4s series A
*
^
79%
1944
3%s ext to.
Long Island unified 4s
Guaranteed ref gold 4s
103 %
'
*90
F-A
:——1955
debenture—
Vv'
91%
5s_1951
Liggett & Myers Tobacco 7s
18
103%
100%
3
98
F-A
2003
—2003
2003
2003
2003
registered4%s stamped modified—
4%s registered5s stamped modified
103
97%
F-A
-
Lehigh Valley RR—
•
4s stamped modified—*
103 V*
104
97:
23
67
97%
23
103
103
58%
28
.1
*
103% 103%
34
102
J-J
98%
98%
49
99%
M-S
*101%
A-O
A-0
102%
—
107%
99%
94%
102%
4
102%
106%
104 y4
103
104%
107
36
107 y4
*103%
.
.
—
.'
,
M-S
105%'
76
102% 102%
107
F-A
108
104
19
105
101% 102%
'
'
—
106%
21
104
104%
11
105% 106
A-O
A-O
J-J
99%
102%
106% 107
106%
J-J
103%
110
102
RR—
ref 5s series B—
93%
109%
*109% 109%
M-S
2003
.1st & ref 4%s series C
2003
1st & ref 4s series D
2003
1st & ref 3%s series E—
2003
Unif mtge 3yas series A ext——1950
Unif mtge 4s series B ext
—1960
Paducah & Mem Div 4s
—1946
St Louis Div 2d gold 3s_.
1980
-Mob & Montg 1st gold 4VgS
1945
South Ry .joint monon 4s—,
1952
Atl Knox & Cine Div 4s
1955
&
100
27
62
61
M-S
1st
100
98%
103 V 103%
103
A-0
Lehigh & N Y 1st gtd
Louisville
98%
94
*92
J-J
gen
100%
25
V
Ltd—
mtge income
Long Dock Co
-
99% 100
98%
97%
100
J-D
1954
5s
99%
99% 100
J-D
—^
V-V 13
*100%
F-A
—1960
ref 5%s series Cseries D
& ref 5%s
Coll
*97%
—.
M-S
98
»
104% 104%
M-N
107%
98
104
*104
''
J-J
94%
f1
*112%
104
101%
105%
112
112%
M
Maine
1945
i.—*1960
fund__Feb 1 1957
RR( & Lt s f 5s_*_**_1953
4y2s series A
AManila Elec
Lines) 4s
,■
!
J-D
M-N
M-S
M-N
1959
& North¬
—1941»
Steam Shovel s f 6s
1947
97
97%
21
90%
99
65%
63%
65%
54
52
65%
77%
75%
77%
56
68%
77%.
J-D
Central RR 4s series A
Gen mtge
(AManila RR (Southern
1937
031/2
A-O
—19*43
Laclede Gas Light extd 5s:
{§ A Manitowoc Green Bay
western 1st gtd 3!/2S_
1992.
63
'
84
1954
111%
1949
series
5
3
98%
83%
83%
—1961
6%s__-
105%
gold 5s
88%
80V4
99% 100
1997
1954
Kings County El. L &.P 6s
Kings Co Lighting. 1st 5s
110
4Vis debs
77%
16
J-J
.-I960
,__1987
1961
—1961
1961
;
1961
Term , 1st 4s——
Kansas City-
103%
133
194
:
82
Kentucky- &-Ihd Term. 4y2s—
Stamped
^
Plain
—
'.
M-N
5s_
1
84%*
Mem Ry—
Kentucky- Central' gold 4s
A-0
1999
gold
103
74%
*100%
A-O
Kansas City Southern Ry 1st 3s
1950
Ref & impti 5s_J—
Apr 1950
—1969
1954
cons
;
'
100
deposit—
Stamped
Ry
Vi
100
K
Marion
{§AHousatonic
78
78
J-J
Kanawha &. Mich 1st gtd gold 4S__ 1990
J-J
Hocking Valley Ry 1st 4ya8
108
154
4%
J-D
1959
3y4S—_1961.
James Frankl & Clear 1st 4s
—1961
f 4%s
Gulf States Util 3%s series D
105 y8
9 7'/a
1
••
100%
F-A
-
100%
100
J-J
*98
1952
-
*100
M-S
-1951
Manati Sugar 4s sink
&
Ship Island RR—
& ref Term M ,5s stpd
105
{Alowa.Cent Ry ,1st & yet 4s
17
j-j
—2015
ctfs
AGen mtge inc
22
'100
F-A
65
Gulf Mobile & Ohio 4s series B— —1975
ADebentures
103
65 V*
56
6
,107% 108%
107%
85
.—1947
Int.Telep ,& Teleg deb gold 4V2s
1952
Debentures 5s_——_1955
56
12%
M-N
.1956
M-3
57%
43%
59%
103% 103%
1955
Libby McNeil & Libby 4s
98%
81
55
13
J-D
"
1972
Ref sink fund 6s series A_—
Int Rys Cent Amer 1st,5s B
.1st lien'& ref 6'/as—
Little Miami
Machinery Corp 3s
Food
1017% 103 i/b
102%
107
100
2
54
M-N
.1982
-u
165
130
100
r—
(Proof of claim)
of deposit
ACertificates
102
106%
19%
Lehigh Valley Terminal Ry ext
Lex & Eastern 1st 50-yr 5s gtd
{Fonda Johns & Glover RR—
§A2-4s
*
110%
104%
105% 1057/8
A-O
62
llQVa
*110%
52%
Internat Hydro El deb 6s—
104%
102
103% 104
M-N
.1958
44
59%
*57
72%
19
4s
Firestone Tire
103%
54
110%
106% 106%
68%
98%
50%
34
102%
108%
103% 103%
52%
6
106%
39
1947
extl 1st ,4s
1st mtge
Div
•
98
219
103
103
19
104%
37%
2015
.—
mtge inc 4Vis series A-
N Y & Erie RR
'
57%
A-O
31
110% 110%
1995
3Vis—,
M 4s series B„
cons
AGen
Ohio
1965
——
Empire Gas & Fuel
Erie Railroad Co—
■
M-S
1965
El Paso 4 S W 1st 5s
r..
647/a
103
JiT-S
•
S AKrfiuger &
38%
*150%
342
I
50%
111%
8
113% 113%
93
*70%
68%
J-J
111
24%
*107
78%
93
92%
68%
A-O
A 1st
1956
77%
15
77%
77
*92%
V
J-J
Lehigh CoaL & Naws f 4y2s A
Cons sink fund 4%s series C
1948
72%
67%
64% .66%
V
J-D,
t.AInd & Louisville 1st gtd, 4s——-1956
Indianapolis,Union, Ry 3yas ser B-1986
Inland Steelilst mtge 3s series F—1961
110%
7
37%
72 V"
65
*72% •74%
■L
ref 5s series A_
1st
1st & ref 4%s series C
109%
102
108
86%
71
71%
F-A
90%
72
59%
lil Cent and Chic' St L & N O—
Joint
79%':
10
,
64 y8
100.:
97
J-J
F-A
77
48 ya
J-J
30
—
107
107
105%
2
101% 102%
M-N
yy,t
J-D
S'/^S-igsS
1
—
Western Lines
F-A
—
gold 3s__
Gold 3%s-
'
5
54
33
j-d
-
74
,
67% "85%
"iJ
110v2111
78%
81%
58
60%
Koppers Co 1st mtge 3 yas
Kresge Foundation 3 %■ notes:
'
-
15
53
>
49%
102%
__
M-S
3Vis series G—1966
*
Gen & ref 3s series H—
1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4S—-—1
-1995
Detroit Tenn & Tunnel 4Vis
—1961
Dow Chemical deb 2 Vis—-—i——1950
Dul Miss & Iron Range Ry 3Vis—1962
{§ ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3Vis1965
& ref mtge
73%
49
4l/2s unguaranteed—^—-
{ ADes Plaines Val 1st gtd '4Vis——1947
Detroit Edison 4s series F
1965
Gen
49%
J-J
1955
ARef & impt 5s
105%
7
107%
52
j-j
1936
1936
Western RR—
AGeneral s f 5s
—
72%
—
106 y4106 y4
90%
148
76%
{Kansas^ City. Fort Scott &
—
M-N
80%
85%
_
a-0
1973
3s
& Rio Grande RR—
& Light
Power
J-D
80%
75%
ACertificates-of
107
60%
80%
84%
61 .1
r§ a Refunding gtd- 4s——__——1936
J-J
62 %
M-N
52
101%
D
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3 Vis series B—1965
Delaware & Hudson 4s extended—1963
66
A-O
__
48
A-0
14
;!
"62
48
78%
76%
53
5
49
58%
70
49
65
77%
7.
77%
72%
41
62%
56
*62
97
64
64
*53
Af-S
54%
53%
72
55
J-D
62
38%
24
48%
47%
100%
46
2
56
103%
95%
102%
99% 100'/a
56
48
107%
10
110
="102
99%
110%
14
y4
96%
*96%
A-O
-1-1952
1955'
Springfield Div, 1st gold 3!/as
112
18
111% 112
1966
—
i
109%
109% 111 -i
108
109Via
109
100%
*97'%
73%
A 1st gold ,5s series
1967
Crucible Steel 3 Vis s
J-J
M-N
St. Louis Div Si Term gold
111
32
103%
100
M-N
Louisville Div- & Term gold
103%
104 % 104%
J-J
1956
mtge.3Vis__-r-
19
J-D
-
1965
mtge 3Vis—
109%
101%
6.
110 y4
103% 104
106% 107%
•
1st
114%
J-J
,
1955
Power Co—
1st
■
113%
113V8
101%
*100%
J-J
Ind
1954
deb 4s
109%
1
111%-%
J-J
1961
f 3%s A
43
114% 114 %
—
4s
/-J
—1952
3%s
lines
40-year 4%s___
Cairo Bridge gold 4s_;
111
109%
5
110
32 y4
,1953
Omaha
20
109 ya%
108
65%
27
,1955
1966
!
1950
Litchfield Div 1st gold 3s__—1951
104%
103%
•
mtge 3Vis
Co
103
110
May
mtge 3 Vis
1st
19
24
105 ya
j
Collateral trust gold 4s„
Refunding 5s___
64
105
•
1st & ref 4 Vis
{AConsol Ry non-conv
A Debenture 4s-
Crane
52
104% 104%
F-A
Cigar 3 Vis s. f. debs.
Consolidated Edison of New York—
1948
3Vis debentures
•—
1956
3Vis debentures-.
1958
3Vis debentures-—
1951
Consolidated Oil conv deb 3Vis
1st
54
60%
..83
*109
M-S
.1955 *
Apr 1
River Power s
1st
59%
60%
104%
1st extl gold 4s—
.1970
Ohio El 3 Vis
1st extl 4s
3
91
Purchased
M-N
gold 4s_!
Collateral trust
91
High
55%
102% 103
J-J
.1st gold 4,s
*102
A-0
Low
50
.'•••'
94 ya
48-
99 y2101
Mackay Corp—
A Debenture
2%s series A—.1981
96Vi
3
■
Consolidated
Consumers
102%
Illinois Bell Telep
90%
Commonwealth Edison Co—
1st mtge 3Vis series I
Conv debs 3Vis
Conn
92Vi
v
A-O
,—-
deb w w_
Conn Ry & L
104
A-0
101
.1948
Debenture 5s___„——
Income
106
95
Illinois Central RR—
103% 103%
103%
A-0
gtd 4s
.1970
Colo Fuel & Iron 5s Inc mtge__.
Colorado & Southern Ry.—
.1980
,4Vis (stamped modified)
195*
Columbia G & E deb 5s—
May
ACommercial
107 Vi
—
.1977
Coal River Ry 1st
& Tol
64%
29
.1973
A-O
.1972
f 4Vis series C
Columbus
63
28
.1945
f
s
Columbus & Sou
63%
28
——1951
1st gold 3%s——i
——1951
/Extended; 1st gold 3yas—
;
1951
1st gold 3s sterling
1951
.1961
series B
s
1st
Columbus & H V
%
AAdJ income 5s„
106
—
F-A
A-O
January 1
166
107
107
—
.1977
gtd 5 Vis—
gtd
Union Term
1st
5s
*108'/a
1957
Feb 1957
1st 5s A
Hudson & Manhattan
108
107
&
Series
Oleve
106%
Sold
No.
Hiah
Low
Range Since
Bonds
Friday's
or
Sale Price Bid & Asked
Period
Hiah
Low
12
Last
Interest
Stock Exchange
January 1
No.
107% 108
107%
J-J
-1970
New York
Range Since
Sold
Sale Price Bid & Asked
Period
Cleveland Elec Ilium 3s
Bonds
Friday's
Week's Range
Friday
BONDS
Week's Range
Friday
,
:
*57%
,
.
*32%
—
*
—
■-V-
__
.
85%
J-J
A-O
A-0
*102%
*102%
5
85%
ext 5s
McCrory Stores deb 3y4—
56
70%
Metrop Ed 1st 4V2s
116
117%
Metrop Wat Sew.&
—1945
1955
1960
Drain 5%s—r_1950
series D
97%
Q-A
A-O
M-S
A-O
106
110
110%
■--
*91%
85%
102
101%
102 Va
—
Market Street Railway—
(Stamped mod)
73
101
__
21
98
5
106
110%
93%
-
13
96%
98 %
105
106
109%
111%
92
94%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
tVolume 159
1991
NEW YORK BOND RECORD
RANGE
\
BONDS
New York Stock Exchange
Friday
Interest
Period
Last
or
West
Side
El
;•
Miemgan Central—;
Jack Lans & Sag 3
F- A
M-S
*8
—1940
t§AMidland of N J 1st ext 5s
97
Hioh
ft
New
16
A-0
J-D
98%
98%
A§Consol ext 4Vis—,___—,,—.».vI939
J-D
83 ft
83'ft
84
22
M-S
67
67
68%
39
J-J
A 1st
"65
11
11
Q-F
5
77 ft
5
Gen
77 ft
ARef &
ref
&
A
48
%\
734
::
Ref
5%
{Minn Ct Paul & Sault Ste Marie
&
&< impt
_
§ Alst
4s stamped.——
cons
J-J
1938
38%
1938
§ Alst stamped 5s gtd as to int__1938
Alst & ref 6s series A___—_—1946
A
M-8
consol
25-year
5s
.
5%6___
6s
.
1st 5s_
{AMissouri-Illinois RR
Prior lien 5s series A
'*■:
64%
:'>//•
69
71
57%
Jan 2047
j.2047
u2047
"127%
62%
64
A-O
493A
49%
52
F-A
60%
'•> 60%
62
series A—Jan 1967
V
.
A Certificates
•.
of
of
A Certificates
Alst
ref
&
—
M-S
243/4
24%
1977
MS
60%
60%
A Certificates
of
64%
deposit—
.
ref
—1949
1980
ACertificates
deposit
of
gold 4s_„1991
Monongahela Ry 3Vis series B
1966
Monongahela W Penn Pub Sefv— >■ V1
1st. mtge 4%s
—„i.———.-I960
/1:6s1 debentures^—1965;
Montreal
ref 33As
1st &
Power
1951
1958
ext
5s
Tramways
1966
Morrell (John) & Co 3s debs
gtd 3%s——2000
Constr M 5s series A
1955
Morris
&
1st
Essex
_
1st
56%
60 3A
62'A
200
56%
61
61%
7
W-.:
59%
72
70%
70%
71
%:il
'i
60
72%
M-S
Mutual Fuel Gas 1st gtd 5s
-
59%
F-A
105
105%
A-0
109
109
Dairy
Nat
Distillers
series A
111'/a
1.11% 111%
J-D
106%
J-J
National
Steel
1st
57
57
M -N
64
M-N
591/4
U'N
1949
Pacific
Coast
Gas & El
& ref
1st
'
1949
M-S
Orl
New
1st
New
ref
&
1st
Ser
Puo
series
5s
Orleans
1st
61%
1113/4
East
§ANon-cum
inc
lll3/4
M
f
s
series
5s
5s
82
Alst
12
105%
107%
17
103%
107'/a
Penna
9
102 ft
103%
4fts
1
103 ft
105
100 ft
101
115
116
84
93
Alst
5'/as
31
84 ft
117ft
122 ft
84%
Hud
&
trust
3'As
A-0
"68ft
i 73ft
75
,
'•
62
—.
61
—
73
•V
73%
74
F-A
74
F~-A
71%
2
72
:
78 ft
38
72
80 ft
82 ft
series
69
70..
649
56 ft
70
A-0
76%
76
77 ft
246
63
77V4
M-N
97
96%
97.%
228
87
97'/a
J-J
91ft
91ft
92%
125
83 ft
92
J-J
86 ft
86 ft
86 ft
Ml
78%
F-A
78%
78
79
25
69%
F-A
72'/a
108
1
108
109%
1093A
108% 108%
M-N
108'/2 108 ft
A-0
103 ft
5
121
,112% 113%
80
109
120 ft
41
115%
102% 103 ft
192
123 ft
•
123%
:
■"
,
97
104
124%
113ft
120%
103ft
110%
99%
102 ft
1947
M-S
110 ft
110ft 110 ft
8
110 ft
112'A
110 ft
A-O
1960
Apr 1990
72% --73%
Apr
F-A
4s_
gold 4 fts series C
series
Electric 1st
ref
55 ft
23 ft
101
89
95%
93 ft
93ft
93ft
8
87%
96
96
96%
138
105 ft 105%
12
100'A 100%
F-A
131
•J-J
*123 ft
74 ft
363/4
107
100 ft
J-D
■
110%
105%
J-J
82
93 ft
96%
132
121
__
107
131
131
1043/4
124
J-J
107% 108%
23
105%
108%
111ft
110% 111 ft
24
110 ft
J-D
-—1971
108%
MS.
1967
ref 3fts
2%s
mtge
1977
1961
78
33 ft
*100
M-S
1974
B
&
1980
1952
33
32
32 ft
J-J
Marquette 1st series A 5s__—1956
4s series B
,1956
&
,98 ft
75
106
3 fts deb_
Phila Bait & Wash 1st gold 4s—
1st
A-O
:
103'% 104
102%
102% 103 ft
19
102ft
111 ft
103ft
5s
3s
gold—
guaranteed gold
F
4s
G
4s guaranteed
105
Series I
cons«guaranteed 4s
102%
107%
89%
2043
J-J
2043
J -J
series A
1973
"102ft
2
114 ft
115%
109%
111
1st
105%
1st
103
103
102
__
102
80 ft
80 ft
82 ft
M-N
87
87
88
1011/4
Pitts
J-D
112% 112%
10%
112%
113
113%
F-A
:
"113
"113%
1133/b
115
F-A
122%
123%
123
123'/a
6
116%
120ft
4
116
120
106%
107%
123 ft 123 ft
M-N
J-D -
*123 ft
119% 120 ft
120
A-0
119'A 120
J-J
107%
M-S
J-D
107ft 107 ft
*103'A 103 ft
103
103ft
J-D
20
102
102%
103 ft
*102% 103
104%
103'/a
69 ft
71 ft
20
1013/4
59 ft
69 ft
70%
12
58 ft
71ft
69
71
24
58
71'A
69 ft
A-0
69'/a
—1960
A-0
69
1948
J-D
*107 ft
1962
F-A
104
*121%
5s series C—
1974
series D
1977
Co 5ft inc deb—,:———1964
J-D
Young & Ash
104%
lit
71
82 ft
1st
88
1st
4 fts
58
46
1st 4s ser A
gen
•77
5s series B
gen
Pittston
112%
M-N
J-D
102
1
100 ft
100% 101
101
1959
1958
1st 4 fts series A
mtge 4fts series B
mtge 4 fts series C
23
-
:
:
cons
Pitts & W Va
10
/
M-N
1963
4 fts
guaranteed 4fts__ 1964
Gen mtge 5s series A_
1970
Gen mtge 5s series B—
1975
Gen 4fts series C__——1977
Pitts Coke & Iron conv 4fts A
1952
Pitts Steel 1st mtge 4fts
—1950
1st mtge 4 fts series B————-1950
4
V
109% 109%
"105
cons
J
Series
104
114ft 114ft
F-A
M-N
,9ft
51
104ft
RR
J-D
6%
9
—
4s guaranteed
Seriis
109ft
1948
8
104
108ft
—2000
9'A
104
11
—1949
106 ft
73/0
10%
103%
109 ft 109 ft
gold 5s
104 ft
106'A
10ft
"104%
98 ft
105
12
■
89
10
51
106
106 ft
J-J
"104
109'ft
87 ft
67
283A
1053/4
F-A
Series E 3fts gtd
106 ft 107ft
17 ft
M-N
Series D
68
101%
38 ft
105
1945
1949
1953
1957
1960
72 ft
72 ft
10
238
Pittsburgh Cine Chi & St Louis—
65
101% 101%
333
27
79
63
87
63%
105ft
F-A
62%
95%
26
"105
1964
2
154
61 ft
7
2%s debs
10
509
M-S
26
Phillips Petroleum
25
98 ft
7
-
86 ft
72 ft
97
M-N
1963
ACertificates
67%
103 ft 104'%
M-S
1962
debentures
{§APhilippine Ry
72 ft
98
61%
1949
71ft
103 ft
J-J
:—1973
stamped
AConv deb 6s__
1937
A-0
—
•
107'/a
71ft
107%
J-D
J-J
92
92
58
103'A 104
109
90 ft
86
93
*
ANon-conv
deb
53 ft
52
52%
51 ft
52%
—1954
A-0
52
51
53
J-J
53
52%
54%
M-N
53 ft
52 ft
54 ft
ADebenture certificates 3'As____ 1956
J-J
52
51%
AConv
J-J
58
56%
A-O
91ft
M-N
J-D
3'As——
deb
4s_
ANon-conv
deb
4s__——
1955
—
—1956
6s
_1948
§ACollateral trust 6s
-1940
4s_—
1957
—
Alst & ref 4'As series of 1927—1967.;
{ A Harlem River & Port Chester—
;
...
1992
4s
M-N
M-S
gtd 4s_—1993
cons
J-D
A-0
N Y Rys prior lien 6s stamp
N Y Steam Corp 1st 3%s__.
__
J-J
61
61
52
95
;; 45 ft-
60
242
90%'
92 ft
129
26%
26%
28
213
56
54%
57%
327
.
105 ft
105 ft 105%
14
153
4%
5
'9
65
65
108 'ft
111%
108% 108 ft
48
11%
1967
4'As—1946
Niagara Falls Power 3'As
—1966
1992.
M-N
"90 ft
110% 110 ft
M-S
25%
25%
M
{AProvidence Securities 4s
{AProvidence Terminal 4s_.
94
Public Service El & Gas 3 fts
31%
48 ft
63 ft
v
102 ft' 106%
9%
4
1st &
ref mtge 3s
1st
&
ref
mtge
1st
&
ref
mtge 8s
5s
Public Service of Nor 111 3fts
27
103 ft
J-J
99'A
104
104 ft
J-J
109ft 109ft
1977
F-A
J-J
101 ft 101%
4
26'/a
20
109ft
100ft
1023/4
*111 ft 113 ft
1951
105%
109
105ft
-1957
—1956
1968
1972
—2037
2037
1968
M-N
26
26
M-S
*100
J-J
*110
M-N
17
98'/2
110
106%
*106 ft 107 ft
30%
98%
110
107
ft
J-J
*147ft
1471/2
147%
J-D
*221% 224%
224 ft
109% 109%
109'A
224%
111%
A-0
—
15
5%
52
108
107%
108%
R
68 ft
111ft
105 ft
26
5
10
34
,
50 ft
1951
Reading Co Jersey Cent coll 4s
ft's series A
-1997
Gen & ref 4 fts series B
—1997
Gen & ref 4
3
157
18%
6
108%
95
31
109%
Gen mtge
4fts series C
Revere Copper & Brass 3'As
{§ARio Grande West 1st gold 4s
Alst
cons
& coll
trust 4s A
J-J
J-J
97
100'A
102% 103%
144
94
103%
103 "
103
103%
50
99% 100
M-N
J-J
A-0
90%
54s
91
16
54 ft
55'A
53
106%
101ft
*102% 102%
106
104'A
I960
1939
103%
107
104 ft
1956
1949
94 ft
104'A
*106'A 107
Republic Steel Corp 4'/as series B.—1961
111
27
102%
A-O
J-J
F-A
M-N
Remington
14
109 ft
Rand
deb 3'/2S—u-—1950
20 ft
11
87
92 ft
109 ft 109 ft
M-S
1966
3fts_
18%
12
J-J_
J-J
1st
64
110
"13%
F-A
48
Pwr
59%
7
106 ft
.
El
mortgage 3 fts—i
50ft
'16%
.
—I960
1950
82 !
%
13
66
111
'106
F-A
.—1943
page
15
13 ft
5
1st 4fts
5s extended to
Potomac
1st
Elec
Pressed Steel Car deb 5s
V.'V
14
Furtland Gen
1st
59%
J-J
1st
see
60
130
7
45 ft
—1937
3'As series B
6 Oft
60
46%
J-J
1937
'
45%
46 ft
1940
gold 5s:
-
"7.73/
M-N
1963
*
5s
t§AN Y West & Bost
1965
—1958
{§AN Y Susq & W 1st ref 5s
§A2d gold 4'As
54
:
.1955
N Y Queens El Lt & Pow 3'As
>
--
—1954
{AN Y Ont & West ref gold 4s
footnotes
109'A
16
7
105%
72'/a
M-S
For
106%
;
69
67%
M-S
Telenhone
46
107%
25
F-A
1947
Y
107
106
F-A
—1947
ATerminal 1st
107
1st s f 4s
deposit
3'As series E—-1966
ANon-conv
N
109%
F-A
of
ft
109
gold
106%
108'A
Pekin Union Ry 5fts_—-1974
AIncome
Aref
78 ft
3!As„
§ AGeneral
105 ft
24
110%
Philip Morris Ltd deb 3s
106%
1st
4
108 '/a 109 %
110%
Phelps Dodge conv
e
18
4s_—.
N Y & Putnam
106'A 106ft
109 ft
110
82
48
deb
._
106'A
F-A
110
74
108 ft 108%
deb
4s
109%
J-J
101% 102'A
1
78
88ft.
ANon-conv
1st
109%
110
Phila
108'ft
ANon-conv
AGeneral
106
"108% 109%
102
86
{N Y New Haven & Hartford RR—
ADebenture
107%
106
J-J
73%
37
79'%
69
4'As series B-..*.—--i._1973'
deb
109'A
"104
A-0
gold 4 fts series C;
Co coll tr 4 fts
F-A
4s
101%
108
106%
38
1984
5s
A-0
& West
101%
109%
1952
General
.1965
series B__
Lack
94
116ft
3fts
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext
Series H
series A
Mtge 4s
105 ft
85%
4fts series E
deb
General
74'/4
107
N Y
106
103%
106% 106 ft
M-N
Philadelphia
59
A-0
Mtge 4s
106
103
10
94
"101
1948
May 11948
1970
-I960
78
-1951
gold 3'As
J-J
7
.
77 ft
103 ft
101%
Harlem
1
15
1974
80
381
A-0
&
110ft
1968
69
74 ft
—1947
1965
Y
108%
106 ft
1969
D
ser
Light 3fts
71 ft
•
72%
M-S
Purchase money gold 4s
N
J-D
1981
B
68 ft
31
70% '71%
78'ft
»
1978
N Y Gas El Lt H & Pow
1960
General 4fts series D
1st
73%
1974
& Erie—See Erie
109 ft
106
"109
106%
102%
1st
A-0
C
N Y
F-A
A-0
Pere
F-A
A
ref
M-N
1963
1970
,1981
83%
J-J
series
&
J-D
1952
gold 4fts
68%
/
&
Debenture
y
75
v
71 ft
76
76
73%
series
1st lien
1944
ctfs D
120
Peoria &
5'As
_.
105%
108
115
120%
105
4'As
gold 4s
3'As series D—
104%
M-S
J-D
100
Ref
1st
93'A
1968
96
103
99'ft 100
Chicago & St Louis—
Dock
94
B
103
A-O
Y
F-A
5s
15
103
99%
1997
1998
1998
1998
1998
registered
N Y Edison
111 ft
104%
5
105'A 105 ft
113
85
J-D
104ft
y
Ref
N
106
123%
102%
1952
N Y Connecting RR 3'As A
110
11
__
M-N
J-D
13
1997
3'/as
mtge 3'As extended to
19
110
J-J
F-A
103% 103 ft
A-0
series
Series
1st
111 ft
105% 106
1955
trust ctfs
3%s
Gen mtge
A-0
110%
105% 105%
1955
99
108
110 ft
110ft 110'/a
1965
Conv
A-0
98
1
5
4fts. series A
103
J.J
99
62
General
108ft
2013
2013
registered
New York
99
108% 108%
110'A 110%
{Philadelphia & Reading Coal—
registered
Lake Shore coll gold 3'As
3'As
99
108 ft
General
r
100
1998
3'As
3'As
J-D
;
mtge
94 ft
105%
10
1945
Mich Cent coll gold
105ft
1960
debentures
93 ft
78
series A
River
ref
5
deposit
Conv secured 3'As
Cent
110%
103%
J-D
i„__
Power
32
74%
impt 4'/2S series A
Ref & impt 5s series C
Y
&
99 ft
"71 ft
Ref &
N
108
105'A 105 ft
—1966
'
3'/2S
4fts
103--
1954
108 ft 108%
J-J
J-D
L 3s B
3%s series C
Cons sinking fund 4V2S
124%
"85
1956
General gtd 4fts
4s
&
1st
92 ft
1151/4
Newport & Cincinnati Bridge CoN Y Central RR
ref
1st
Gen
,2
90%
"124%
deposit-
series A
108ft
J-J
1964
f gold 4fts
s
P
Pennsylvania RR—
Ccnsol gold 4s.
4s sterl stpd dollar-
84%
190 'ft
deposit
of
37
115'/a 116
115ft
1956
of
ACertificates
90 ft
93
73%
series D
ACertificates
107%
1961
series I
s
4s
99
deposit—
of
ACertificates
Alst 4'/aS
115 ft
91%
"63ft
C
series
5s
92%
103% 103 ft
103%
deposit
of
ACertificates
*107% 108%
—1940
gold 5s
series G
3 '/2
series E
4s
102
—1954
J-J
1961
gold 3s loan ctfs
Guaranteed
105% 105 ft
1935
series A
108%
Paterson & Passaic G & E cons 5s_1949
J-J
1953
B
1st
4s
Pennsylvania Co—
J-J
1955
of
ACertificates
Alst
105%
107 ft
1962
Nav 4s
104%
107% 107%
Broadway Corp—
I960
gtd 4s
Co
Paducah & 111 1st
Panhandle
Paramount
F-A
{New Orleans Texas & Mexico Ry—,
104
104% 104%
J-J
*11C%
1983
B
1st
Term
J-D
2
•
__
J-D
J-D
A-0
A—1952
,
1946
cons 5s
3fts series C„_;
mtge
1952
5s series
110%
103%
108 ft. 108 ft
1946
mtge 3%s series H
1986
4fts
104%
"104
1966
Ref
104% 106
107%
M-N
Light 1st 4'/2s
109%.
"106 ft 107'/a
M-N
107
77
1961
1st ref & imp
108%
J-D
"109
92%
91%
J-J
Orleans Great Nor 5s A
J-J
1966
1945
-1946
Pacific Tel & Tel 3'As series B
107 ft 107%
92 ft
1945
1952
O & N E
107%
Pennsylvania Ohio & Detroit RR—
J -J
N
106'A
106%
Pennsylvania Glass Sand 3fts
J-D
New
20%
104%
8
A-0
1113A
__
1945
&
15%
4
16%
1966
43 %
•
1948
Pow
15
105%
106% 106%
16%
114ft
109'A
-
■
.'v.
Newark Consol Gas cons 5s—
J
17%
105
M-S
110%
66 A-.'-
.
"99 ft
N
112ft
106
47 ft
103% 103%
gtd 4'/2S series B
N J Junction RR gtd 1st 4s
110%
111ft
112
J-D
593/4
;
M-N
Tel 5s A
108 ft
33
112
J-D
95 ft
241
A-O
gtd 4s
27
112
M-3
J-D 7
101 ft
613/8
1965
AConsol
110% 110%
F-A
,
1971
94 3A
59 ft
M-S
1st
83 ft
1970
48 3A
117
1954
New England Tel &
67%
1st & ref mtge
100'/8
*109'A 110%
1960
RR gtd 5s
65
1st & ref M 3s. series K
3
653A
{ANaugatuck RR 1st gold 4s
{ANew England
83 ft
1113/8
115
59%
64
J-D
debs_
3s
82%
111
-
21
100% 100%
J-D
F-A
mtge
83 ft
105%
5
:
95%
*95V4
__
M-N
3%s—
Prod
J-J
108%
7
106% 107
J-D
Prod 3'As
83%
104ft' 105%
,v;-%4
>
A-0
1978
3'/4S sinking fund debentures
67%
M-N
gold 5s
cons
stpd
Pacific
N
& St L 4s
69
71
Gtd
Nash Chatt
83%
__1967
1st mtge 4ft« ser A
Secured
Nat
95
80%
82%
1st & ref mtge 3s series J
1947
States T & T 3'As
,v.: :
80%
—1965
3%s
Elec
Short Lins 1st
Otis Steel
723/4
61
62%
346
72%
"61
60%
60
95
13%
60%
*61
94
68'A
9%
:
61ft
1972
Gas &
Oregon-Wash RR &
72/
56% /72%
57%-
'.v
61
231
94%
:/
80%
J-J
3%s_
mtge
Guaranteed
A-O
98
64%
79
1948
Transmission 1st 5s
Oregon RR & Nav con gold 4s
73
KA
1955
1968
4Vis series B
M
Constr
Mountain
<
11%
11
95 ft'
53
51
139
83 ft'
1964.
^Ontario
Ore
lift
-
Moh'k & Malone 1st gtd
Montana
72%
56ft' "•69%
.
88 ft
97
J-J
1963
Ohio Edison 1st mtge 4s
1st mtge 4s
v22%- / 30
80'":
100%
O
57%
*•>.,,V 56%
56'/2
1' ;;V/.
ry,:
125'A
116
92%
145
Co—
§ A 1st guaranteed 4s____
65%
M-N
—
1981
series I
5s
v
272
62%
125
116
—
2047
series D
Power
47%
46 Va
132%
80
J-J
.
129
"61
J-J
.
43%
2047
1st & ref mtge 3fts
1st mtge 3fts
Oklahoma
•'
,
218
86 ft
37%
{Ogdensburg & Lake Champlain Ry—
5 6 3/4
*61
gold 5%s
Alst & ref gold 5s series H
A Certificates of
deposit..
&
61 ft
60%
60%,
I
*
82 ft
57
64%
64
Q-A
,68%
.i
64% -73%
61 ,
•533/4
36
:
"...
AConv
Alst
M-N
%
26% ;•••:
62'A
61ft
—
——1978
G
•'',82
84
99% 100%
"95%
Q-F
.
101 ft
57
191V;-
..
86 ft
78
56%
•'
-'•55
61%
*61
——
deposit—
series
5s
>
—-1975
—
ref 5s series F
Alst &
A
-.1965
deposit
4s___
(Wise)
■.«-
^
Alst & ref 5s series A
AGeneral
(Minn)
73%
1*
\-v 35 v:.-'
••
States
7%
5
High
110%
120
100 ft
Q-J
.
2047
impt 5s series C
2%
.
59%
63%
5s
Northern
5.
125
•
'
58%:
adjust
38%
'
Low
108'A
132
M-S
Q-J
1997
series B____^,
& impt 5s
443
r
/A.
-
J-J
ACum
Ref
100
68%-f;
69'A
J-J
{Missouri Pacific RR Co—
/
67%
J-J
4%s series D—il_—1978
lien
403A
29 ft
:
*101 ft 104%
40-year 4s serie6B4___i-—-.-,-1962
Prior
:
:
J-D
1962
30'A
7
7
78
r
>
—
&
V"'—.
78
J-J
.-1959
,,
63/4
Ref
16
383/4
38%
~K.:r -i
J-J
Mo Kansas & Texas 1st 4s_——..1990
Missouri-Kansas-Texas RR—
38%
39
1
/v'/,
4034
29%
January 1
9
__
132
M-S
.
1974
lien 4s__1997
impt 4fts series A
36
39
40%
J-J
1949
___w
Alst & ref 5'/as series B_——1978
; *
/ 38%
.
J-J
J-J
§ A 1st
a
-
Range Since
Sold
No.
42
41
"42
'
•
High
84%
41
F-A
O-A
v
Ry 1st gold 4s_1990
& ref 5s
1974
ry & Id gold, 3s
registered
3s
12
Bonds
Friday's
108% 108%
■
A-0
1961
4fts series A
Ref
3%
3
or
J-J
2014
A
5s
Northern Pacific Ry prior
4s registered
69%
A-0
1998
RR
Gen lien
1949
50-yr 5s series A„-1962
ext
Southern
Central .gen
North
84%
,
1955
inc___
conv
Norfolk & Western
75 ft
59
83
M-S
ref gold 4s
&
series
mtge 5s.
{§ANorfolk
{Minneapolis & St Louis RR—
>
Week's Range
Last
Sale Price Bid & Asked
Ry Co—
4fts
mtge
A Gen
104%
101
97
6
1st
Southern
70%
55
t§ AMilw & Northern 1st ext 4%S—1939
tAMilw Spar & N.W 1st gtd 4s
1947
t§ AMilw & State Line 1st 3'/aS—-1941
Period
v ,7,
Niag Lock & Ont Pow 1st 5s A
91
73
67%
*~_
Interest
Low
97
102%
1
28
91
90
Friday
Stock Exchange
■;
18 ft
95
5
97
104% 104%
91
York
High
Low
No.
16 .ft
97
M-N
J-J
12
January 1
Norfolk
gold
Ref &
MAY
Range Since
Sold
A,/
fts
*.1951
3%s__
—1952
irapt 4%S series C———1979
.
1st
4S-1938
(Chic)
WEEK ENDING
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Low
t§AMet
FOR
Week's Range
102%
81
95
44%
58%
Monday, May 15, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1992
NEW YORK BOND RECORD
FOR WEEK ENDING MAY 13
RANGE
Bonds
Sale Price Bid & Asked
Sold
BONDS
Last-
Interest
Stock Exchange
New York
Period
Gen
mtge
Gen
mtge
I
mtge 3V<s series J--I Ark & Louis 1st 4'/as
Gen
|§AR
St Louis & West
1U%
Trenton
111%
108%
—
Gas &
Elec
1950
A-O
1st gold 5s
:
j-d
46
J-J
12%
12%
J-J
'7 15%
11%
6
A 1st
106
J-J
*66%
1971
MS
1945
F-A
5s
73%
73%
Jf-N
L
JSt
Rockv Mt & P 5s
of
ACertificates
*99
*91%
M-S
ACertificates of deposit stpd
Louis-Southwestern Ry—
•
4s bond certificates—
1989
A 2d 4s inc bond ctfs__
Nov 1989
8 A 1st term & unifying 5s
1952
AGen & ref gold 5s series A
1990
St Paul & Duiuth 1st cons gold 4s_1968
JASt Paul E Gr Trk 1st 4%s
1947
t§ASt P & K C Sh L gtd 4VaS
1941
St Paul Union Depot 3l/as B
1971
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
i—1989
JSeaboard Air Line Ry—
§ A 1st gold 4s unstamped
8 A 4s gold stamped
8 A Refunding 4s
debentures
3s
Stamped
57%
52%
132
38%
54%
99%
2
92
ref
Pub Serv 4s__
•
debenture
—
Swift & Co 2%s debs
M-N
M-N
1
1
1
1
m
•
1
!
I
1
12
101% 102
*101%
101 %
102
101 %
"
_»
.
101%
101
%
101%
Nov
1 1952
M-N
*101%
101 Va
May
1 1953
M-N
*101% 102%
101 VA
101%
101%
103
I
vm-
3
126%
I
•
I
1
1
1
1
!
1
i
128
1 1953
M-N
*101% 103%
M-N
*101%
102 V*
1 1954
M-N
,-.*101%
102 %
M-N
Nov
1
ackyards 4%s w
105%
127
127
30%
__
__
102
25
101% 102%
102%
101%
102%
112
112
109%
*102%
A-O
-1951
W
__
111%
38%
61%
12
43%
61
61
62 Va
69
43
Cons
69
28
7 28
29%
41
21%
32%
!
39%
♦37%
\
i 53%
46
14
42
37
42%
40
101%
7
60
104
•
■52%'
1
2
103%
103
105%
105% 106%
7
105%
123
~6
106% 107
22
105%
107%
95%
100%
100%
99% 100%
56
99%
99%
99 %
3
94
MS
83%
83
84%
486
69
MS
80%
80%
81%
182
66%
81%
M-N
80%
80%
8 lis
288
65%
81%
M-N
77%
77%
79%
284
65%
79
104V2 105%
112
101%
105%
10014
563
91%
100 %
111% 112%
102
84%
150
73%
99%
99
112%
J-J
A-O
83%
83%
99%
44
92%
103%
103% 104
33
96
13
100%
105% 105%
13
100%
-T-J
40
105%
J-J
104
104%
103 %
M-N
106%
102%
103%
118
118
103% 103 %
• W
*101% 104
J-D
*118
*109% 110
MS
*106
M-N
107%
J-D
106%
M-S
105
109%
111 %
110%
112%);
99%
261
88 Va
99%
58
98%
104%:
61
77%
36
101%
107% •
55
102
107%
98%
91%
93
106% 107%
106% 107
104% 105%
;
191
14
105%
101%
101
'
68%
69 %
21
64%
65
47
53
M-S
165
91 %
101%
J-J
103%
116%
*116%
74%,.:
57%
39
68%
65
65
1936
M-N
1968
A-O
197.1
J-J
1948
M-S
1960
M-N
*13%
Public Service 3'As
22%
15%
18./":\
109%
110%!
107%
108%
6
101%
104
61
101'A
103%
17
.
70
16%
•52
17%
17
;
96%
10
96%
102% 103
J-J
111%
116%
95%
96
A-O
.
67%
110%
*110% 111%
M-S
72%
55%
65
J-T
68%
60%
1st 4s
deposit
of
99
100%
deposit
Wisconsin Elec Power 3%s
Wisconsin
18
101% 101%
J-J
1949
1st 4s
5ASu & Du div & term
ACertificates
118% 1
106
103% 104%
99
103%
M-N
1958
.I960
Central 1st 4s
of
101
108%
106%.
111% 112
112
:
101%
Co—
1st mortgage 3s
& Co
'
118
J-D
91%
ACertificates
105%
105%
6'
101
101
F-A
M-S
1st 5s ser A
99%
49% '
102
98
1963
5s E
Telegraph
38%
*101
F-A
J-J
Union
78% r
95%
102
102
A-O
t A Wisconsin
106
*106%
Q-Af
1940
Pacific
82 Va
49%
48%
49%
1977
5%s
Winston-Salem S B
111%
104
102%
17
104%
104
M-N
107%
3
105% 106
104%
68
56
99%
*99
F-A
1952
Wilson
60
54
103% 103%
J-D
110 %
59
*51
F-A
106%
1
107
111% 111%
Apr
100'A
57
74
1950
25-year gold 5s___
1951
30-year 5s———___1960
Westinghouse El & Mfg 2783
1951
West Shore 1st 4s guaranteed—2361
Registered
2361
Wheeling & Lake Erie RR 4s_
-1949
Wheeling Steel 1st 3 %s series B—1966
112%
107
M-N,
111
40
78 'A
72%
A-O
Funding & real estate 4%s
106
110%
111%
109%
106
77
72%
1966
Western
110
108% 110
*111
n
104 % 104%
77
Apr
1st 4s
tAWestern
104%
105%
104%
Apr
series A
Maryland
ref
&
1st
102
A-O
1st mtge 4s__
1971
1981
„1991
—.1955
3%s series I
mtge
Western
84%
101 % 102
J-J
93%
80
110
J-J
1st
112%
105
102
J-D
102
94
110%
110s
J-J
1st ref gtd
West Penn Power 1st
84%
A-O
J-J
110%
100
*92%
M-S
gold 3%s__2000
Washington Central Ry 1st 4s__—1948
Washington Term 1st gtd 3%s
1945
1st 40-year guaranteed 4s
1945
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3'/2s
1967
RR
Warren
124
108% 108%
mtge inc 4%s ser B
Walworth Co
108%
107
mtge 4s inc series A_
AGen
106%
*124
series A
mtge 4s
AGen
103%
104%
110%
W
1st
65%
2
A-O
"I
*101%
A-O
96
90
Wabash RR Co—
105%
103% 103%
J-J
J-J
1960
Virginian Ry 3%s series A
102%
-■.'711'*'';
rli07;:;7
110% 110%
1
112
101%
100'A
7'7- 1
60
F-A
54
100
30
104
*95% 110
112
*111%
62
42
7
101% 101%
101%
1949
M-S
112
60
69
50
50
M-N
M-S
Virginia Pub Serv 1st mtge 3%s__1972
Va & Southwest 1st gtd 5s__
2003
1st cons 5s
1958
43%
27%
54
i
*__
101
28%
B
1st gold 5s
Coal & Coke
*108%
1957
1968
f 4s series B
s
Va Iron
31
20
7
191
38%
53%
47
:■■■■;•
28%
37%
37%
I
F-A
Vandalia RR cons g 4s series A—1955
68%
J-D
„
101%
102%
102%
100%
104%
103%
A-O
.—1950 ;/
1961
..
1 1950
—May 11952
—Nov
■
__
May 1 1955
2.60s
102
J-J
1961
——1953
Superior Oil 3Vis debs
*100%
2.65s
~4
A-O
ASpokane Internat 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs
1966
Standard Oil N J deb 3s,
*101% 102%
101%
102%
*101
M-N
May 1 1954
76%
46
J-J
;——1968
1972
3s series C
Southwestern
1
1
1
—
83%
36%
F-A
1994
1956
1956
1956
1990
1951
3V2S B—.—1964
103
103
31%
70%
104% 104%
34%
•
Bell Tel
M-N
2.55s
60%
1950
.-1955
100%
101%
99%
22%
F-A
gold 5s__
cons
gen
Southwestern
2%
79
A-O
4s series A
Devel & gen 6s
Devel & gen 6Vis
Mem Div 1st gold 5s
St Louis Div 1st gold 4s
&
&
7
72%
50%
J-J
1969
1981
107
106
5
86
102% 103
M-N
'
J-J
Southern Ry 1st
1st
79%
72
J-J
1979
108%
Nov
I
104%
97
61%
■
Devel
102
34%
*98
M-S
1950
1964
1963
1962
RR 1st ref gtd 4s
32%
31%
F-A
1952
Term 1st 4s
Fran
Pac
______________
2.45s
'
30
F-A
Gold 4 Vis—-1968
San
______________
2.40s
37%
•
Pacific Co—
Pac coll)—
Aug 1949
4s registered
——1949
1st 4Vis (Oregon Lines) A
1977
South
37%
28 %
103% 104%
27%
1954
1961
1941
■
28%
48
99
\
1933
Gold 4Vis
246
33
*24
M-S
1935
—
2.35s
A-O
(Cent
Gold 4Vis
2.20s
48%
A-O
1933
—
49%
36%
A-O
——
107%
2
106 %
106
102 % 103
102%
11949
Nov
______
Va Elec & Pwr 3%s series
1945
110%
May 11950
36%
M-N
——
109
May 1 1949
5
A-O
Southern
4s
2.15s
5
50 y4
F-A
——1859
A,Certificates of deposit
cons 6s series A—
ACertificates of deposit
tSSAAtl & Birm 1st gtd 4s_
tASeaboard All Fla 6s A ctfs
A6s series B certificates-,
Shell Union Oil 2V2s debs—
23/4s sinking fund debentures
t§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s,
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3JAs
2.10s
44
M-8
1950
—1950
A 1st
45
111
J-D
14
'
■
39
79
J-J
109% 110
105
94
33
270
42
J-J
J-D
F-A
43
72
104%.
A-O
2.50s
J-J
105
102 %
A-O
38
J-J
102%
24
1958
41%
1c4%
20
104% 1047/e
1952
37%
31%
M-N
1st
104
1955
37%
31%
38
104
M-N
198U
Cigar-Whelan Stores 5s
32%
31%
107% 107%
A-O
United
42
1978
107%
United Drug 3%s debs
United States Steel Corp—
.41%
.
103 % 103%
J-J
United Biscuit 3%s debs—.
99
104
J-J
92%
97 >a
106
102%
1967
grant 4s
34-year 3%s deb
35-year 3%s deb—
Ref mtge 3%s series A
89%
1
103%
RR—
land
99%
.
19%
.
8
6
95
95%
33
93%
,
19
104% 104%
81
100
37%
37%
J-J
|St
/
92
100%
Pacific
&
1st
111% 111%
1947
1970
1971
debentures
3s
Union
68%
73%
2.05s
J-J
1950
4!/2s series A——
M
ACons
63
127
98%
*91%
----
B
deposit
lien 5s series
APrior
98%
J-J
195U
lien 4s ser A
ACertificates of deposit
A Prior
"l
98% 100
M-8
1959
,1955
Pub Serv 1st
99
98%
j-J
194b
W 1st gtd 5s
mtge 5s
stpd
Louis San Francisco Ry
JASt L Peor & N
St-
106
62%
V
ACertificates of deposit--—
St L
106
112
111
A-O
1959
106%
106
71%
A-O
1933
stamped
4s
105
11
1
J-J
107%
u
Union Electric Co of Mo 3%s
*106% 106%
l-O
1968
Ltd 1st M 4 Vis
Grand Island 1st 4s
-1947
Adir 1st gold 5s
1990
2d gold 6s
•—------—1990
|St Louis Iron Mountain & SouthernRiver & Gull Division
Jos &
St Lawr &
106%
19*
t § A Union Elec Ry (Chic)
Oil of Calif 3s deb
St
103%
107% 107'a
16%
Union
Saguenay Pwr
101%
7
50
12
17
15%
104
10
109%
39%
72
13
45%
101 %
*116% 116%
: ms
1949
High
2
103%
103
Low
No.
Hiah
•
103%
January 1
Sold
102% 102%
__
A-O
gold 4s__1946
1st
—
*108% 109%
MS
1949
& Buff
Ham
1st 4s
Range Since
Bonds
Friday's
Low
Tri-Cont Corp 5s conv deb A——1953
MS
or
High
M-S
1941
4%s stamped
—
Last
Sale Price Bid & Asked
Period
Toronto
*125%
*111%
■
■
M-S
1934
tARut-Canadian 4s stpd
IS A Rutland RR
M-S
1977
1967
19b7
19°9
iVaS series D
3%s series H
mtge 3M»s series
Gen
Low
Week's Range
Friday
Interest
January 1
Toledo
'
Elec Corp—
&
Gas
1
New York Stock Exchang*
Range Since
No.
Hiah
Low
Rochester
BONDS
Week's Range
or Friday's
Friday
:
:'l
109% 109%
*108% 108%
X
Tenn Coal Iron & RR gen 5s
Terminal Assn St L 1st cons 5s
Gen
1951
1944
refund
Ref
s f gold 4s
1953
impt mtge 3%s series B„1974
&
Tcxarkana & Ft Smith 5Vis A
Texas
3s
J-J
F-A
Company 3s
deb
Pacific
&
gold 5s
ref
5s
series
&
ref
5s
series
C
&
ref
5s
series
D-_.
Ave
AAdj
Tol
105%
;
105
106%
105 y4
106%
Included in the year's range,
115%
9
119%
119%
not Included
A-O
93
90%
93%
60
81%
A-O
93%
90%
93%
133
79%
1980
J-D
M-S
J-J
92%
81
98
16
108
110
71
%
96%
33%
34
J-D
3%s__1960
108
82%
101% 102
103
1031
103%
Deferred
delivery sale
in the year's
not included in the year's range,
d Ex-interest,
e Odd-lot sale not
n Under-the-rule sale not included in the year's range,
r Cash sale
range.
,
:
'
;
;
:
tThe price represented Is the dollar quotation per 300pound unit of bonds. Accrued Interest payable at the exchange rate of $4 8484.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
^Negotiability Impaired by maturity.
93%*
112
the Bankruptcy Act. or securities
83%
30%
35%
101% 101%
101%
80%
93%
108%
83 %
90%
108
A-O
Jan I960
ref & impt
a
93%
1964
ref 4s
income 5s__
Ohio Cent
26
106 % 106%
*119
3%s series D
102
93%
1960
Pac Ter 5 Vas A
Ry 1st
105% 106
M-N
91%
109
1979
B_.
Gen
Gen
A-O
102
100
1st mtge s 1
112
105%
1977
&
Third
111
105%
'105%
101%
J-D
—2000
Conv deb 4s
112
112
F-A
1965
1st
Gen
Tex Pac Mo
J-J
1959
debentures.:
Texas
Youngstown Sheet & Tube—
103
J-J
1950
120
*118
assumed by such companies.
•Friday's bid and asked prices; no sales being transacted
ABonds selling flat.
37%
102
during current week.
.
mm
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash and
In
footnote
a
in
In the
May
6,
delivery sales are disregarded in the week's range unless they are the only transactions of
week
which
the
in
they
ending
the
present
we
account is taken of such sales in
No
occur.
following extensive list
and
furnish
a
(May
Friday
It
1944).
12,
any
Curb
Friday
Last
Exchange
Sale Price
Par
Acme Wire
Aero
Class
B
Investors
Convertible
—5
—1
-50c
Corp-
common
Low
_
—10
Alabama
Great
"
Appliance
Southern™
Power Co
$7
—3,
preferrel.
,/..
7% preferred
22
20
8%
3%
-I
see
page
1997.
Sale Price
3%
800
3%
21
Apr
7
7'A
500
6%
Feb
8%
8%
300
x8%
3
Mar
Alles &
13,000
3
2%
3
3.300
Jan
Allied
Intl Investing $3 conv pfd
Allied
Products
(Mich)
Feb
4
Feb
7% Mar
9% Jan
2
Jan
,
3'A
Apr
Jan
'
2%
Feb
Jan
35%
Jan
Aluminum
2%
Apr
Jan
114
Feb
3%
Jan
102
Mar
116
Class
A
conv
—
common
__
for Week
Shares
6%
Aluminium
__
•
32
in
Ltd
common-
•
100
preferred.
.'
—
No.
8 %■
Jan
23'A
50
22%
Feb
25
25
50
23 >/4
Apr
32 %■
32
Low
High
.
—
—
Range Since January 1
High
23%
„
—25
.
Range
__
—100
Mfg__.———
•
Industries common
*
Aluminum Co new common
6%
'
•
10
preferred
Aluminum Goods
89
100
1
Fisher Inc common
35
3'A
Sales
Week's
of Prices
Low
3.600
27% Mar
109
Mar
12% Mar
25
28
Jan
Feb
32% May
112
Mar
110% 111 %
1,550
78%
500
73%
Jan
84
Jan
971/2
15C
97% May
103
Feb
18%
Feb
J 9 % Mar
.
•
_
—
9
May
__
77%
x77
97%
10 J/2
Jan
Jan
106% May
American Beverage common
American
100
—„
26
Apr
3%
II
Last
Exchange
High
Jan
104% Mar
For footnotes
Curb
York
2
3%
__
Friday
STOCKS—
New
Low
__
115% 116
Steel—"
ENDING MAY 32
Range since January 1
Hwh
-50
preferred
Allegheny Ludlum
FOR WEEK
Sales
Shares
and is intended to
dealings have occurred during the current year.
for Week
—2
preferred
Electric
Alabama
—1
(N J)
Accessories
Range
1
common
Air-Way
$6
—10
„
Mfg
Associates Inc
Aircraft
Air
common
Supply Mfg class A
Ainsworth
Air
Co
Week's
of Prices
the week beginning on Saturday,
compiled entirely from the daily reports of the Curb Exchange itself,
is
RANGE
STOCKS
the week, and when selling outside the regular weekly range are fhown
/ ...
computing the range for the year.
complete record of the transactions on the New York Curb Exchange for
include every security, whether stock or bond, in which
New York
RECORD
YEARLY
deferred
American
Book ,Co_—_—
Central
Mfg_
1
—_100
J
__
1
91%
2
9%
.
2%
600 '
3,400
%
Jan
28%
__
Jan
5%
Jan
2% Mar
Mar
33
9 % May
Volume
THE
Number 4281
159
COMMERflAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
STOCKS—
York Curb
New
Friday
.
Week's
'
Last
Exchange
Sale Price
Cities
Convertible
'
.
Class
Power
class
Cyanamid
&
Fork
Gas
class A
;
Hoe
&
Corp
Laundry
Light
6%
preferred
Mfg Co
Potash
American
1st
17% May
28 %
Apr
Capital
109%
108% 109 %
350
Mar
Carman
X36%
29
100
25%
Feb
17%
17 %
1,100
16%
Feb
26 %
American
Writing
Post
26 %
Jan
35%
Jan
43
Feb
88%
Feb
93% May
1
1%
3,400
25%
300
Apex-Elec Mfg Co
Art
Equipment
A
&
dep
%
pfd
ft Jan
111
13%
Charis
4%
Jan
Feb
Chief
16
16
16
200
107% 108%
13
Jan
.
18%
Mar
Jan
104
9
Atlantic
Rayon
103
20
97%
1%
8%
1,600
7%
9%
9%
10%
500
7%
Apr
6%
6%
700
5%
Jan
1
•
1°0
•
9
Jan
9%
Apr
City
Auto
City
50
44
1
44
800
44
8%
31
25
11%
4%
Feb
Cockshutt
45
Jan
Club
Apr
7%
Apr
8% May
1%
1,800
1%
Jan
2
1,400
5%
Jan
8% May
11%
1,100
9%
Apr
4%
5%.
8
22%
4%
5%
1
8
22%
14%
400
23%
4%
8
Colon
9%
800
Jan
Baldwin
Columbia
5 %
Steel
Barlow
&
$1.20
Co
common
6%
Community
Service
23 %
Apr
Community Water Service
Compo Shoe Machinery—
Baumann
7%
(L)
Beaunit
A
Benson
Inc
&
5,000
6%
Feb
150
39 %
Jan
4U"/4
reo
•
common
6%
Jan
7%
Jan
1,600
2
Jan
3%,
Feb
15'A
50
13
Feb
16%
Apr
4%
~4%
■:V. 4
:
:
4%
Apr
5%
Jan
4
;
.
20
■
70
—
x22
1
:
65
50
■
■
——'
6 "A
■'
"»Vy
w—
1
Bliss
common
common
convertible
(S)
(H
C)
*
——V
—m.
'"4.' I-vV.-'*.
9%
23% May
Jan
4% Mar
Feb
11%
•
7%
1st
preferred
12%
*
_
~!
•
common
1st preferred
$5
2d
Breeze
Corp
Brewster
common
Brill
class
Corp
Class
1%
B
Apr
1%
Jan
800
43%
Jan
48% Mar
200
10%
Jan
14% Mar
?15%
12%
12%
— —
9T"
25%
:
.
A'v/"
•
7%
•*
-7
Jan
Feb
Mar
3
11% Mar
10
80
Jan
105
Mar
50
24
Jan
27
Mar
•
——
10%
mm 0%
Jan
12
/
mm'
/
%
%
100
%
Jan
13%
200
6%
Jan
17% Mar
500
1
Jan
3% Mar
'
2
18%
18%
19
700
11
11
2%
11%
9%
1,600
2%
2Va
18%
2,600
% Mar
•
Jan
Apr
12%
Apr
Jan
Feb
3%
Jan
2%
21%
21
Jan
■
.
.
—
22
11%
10%
12%
8,500
9%
Apr
13%
10
10%
600
6%
Feb
12%
1%
1% Mar
1%
1%
100
„
104'%
1%
81%
--
Jan
115
Jan
12%
150
104% 106%
—
—,-i.—
.
Apr
14
Mar
Co
i*'
_
•
__
.
Am
American
dep
British
rets
ord
reg..
Ltd—
Celanese
Amer dep
British
,
Tobacco-
dep rects ord bearer
rets ord
Columbia
£1
Class
Brown
$5
A
•
Distillers..
____1
1
;
(EL) Co common
Bruck Silk Mills Ltd..
$1.60
Jan
17
Feb
4 % Mar
*
Apr
24
22%
Inc
$3
~2%
Butler
(P
H)
1
Oil
10
Corp
.1
100
Mines
9%
16%
2.50
Cosden
American
Creole
common
1
preferred
50
dep receipts
Jan
26
Jan
80%
Apr
1%
Jan
2%
Apr
2%
1,500
.23%
100
21
Jan
Jan
9
May
23% May
Canada
pfd
"9%
Feb
9%
16
16%
11,700
14%
Apr
17%
Jan
99% 100%
500
97%
Feb
104 %
Jan
1,200
9%
2,700
9% May
12
Jan
33
Apr
31%
Feb
1
1 %
500
1
Apr
1%
Jan
3
3%
2,700
3
Apr
4
Jan
4%
Apr
5%
Jan
33
33
25
footnotes
see
50e
50o
10
i
Assn
5
6%%
pfd—100
page
1997.
11
Jan
1% Mar
Jan
600
%
Apr
10%
9%
Jan
11
250
Feb
11%
% Mar
33 %
—
Jan
Mar
%
Feb
1% Mar
Jan
33%
Jan
"4%
~4%
700
65%
66%
66%
1,600
63%
Feb
40
Feb
117%
Feb
110% Mar
Jan
35%
Jan
109
80
113 %
105
5
600
4%
36%
600
4%
35%
32
100
6%
6%
■■
:
4
5
10%
11%
3%'.
.
9 %
:•
"2
,5
11%
3%
4
9%
Jan
Jan
■
9%
Jan
•
!
4,500
9%
5,700
.
3%
9
260
100
3,550
Apr
Apr
2
May
11% May
Jan
~6%
115
Jan
800
102% 106%
•
Feb
8Va
1%
400
Apr
36% Mar
Jan
114%
"2
'
Mar
6
Jan
6%
Feb
69
.
4
May
10% Mar
106%
12
~~6
X5%
ft
ft
100
"1%
1%
"l%
600
85
85%
120
5%
%
12
2%
;
2%
2%
25%
26%
Mar
106%
Jan
Apr
13%
Feb
Feb
6% May
Jan
U
Jan
1%
84
14
Jan
—
Feb
Apr
2 % Mar
Mar
86%
Jan
300
2
Feb
2% Mar
400
23
Jan
29% Mar
4,000
24
7%
Apr
8% Mar
Apr
28% Mar
X25%
1
1%
1
1%
5,400
%
Jan
1 %
Feb
x25%
27
•
7%
7%
8%
2,200
3%
Jan
8%
Apr
4%
4'/8
4%
200
3%
Jan
4%
Apr
Cent
Cork
Crown
Crown
Petrol
International
(Md)
A
25o
12
•
*
Drug Co common
convertible
preferred.
2%
2%
12
100
2%
10%
1,200
2
29
Jan
14
Mar
Jan
24%
2% Mar
Apr
25 % Mar
~"%
"*%
100
10
Feb
Cuban
Atlantic
Sugar
5
21%
20%
21%
10,600
19%
Apr
23% Mar
Cuban
Tobacco
common
*
8%
7%
8%
600
3%
Jan
8% May
Curtis
Lighting
Crystal
Oil Refining
preferred
$6
Curtis Mfg
Inc
•
common
2.50
common
(Mo)
Co
%
10
2%
9
9
Apr
Apr
May
■
1$
Jan
11 ¥2
Jan
,
■
3
.*■>' 9 !
Feb
May
D
Darby Petroleum common..
Davenport Hosiery Mills
Dayton Rubber Mfg..
Class A
36
Dennison
$6
35%
36%
5,000
17
Jan
37
Apr
;
16%
24%
24'A
100
24
Jan
26
Mar
16%
17
400
15%
Jan
18% Mar
35
35
35
20
33 %
Jan
36
"i%
~4%
"4%
75
75
__
..
convertible
...1
..35
...1
Mfg class A
—3
common
prior preferred.
..50
...
debenture..
.100
Derby Oil & Refining Corp com
A convertible preferred
.—*
Detroit
Stove
Products
Co
Co
...1
common
113
6%
Jan
5%
1,800
78 %
Jan
1,130
Jan
77
Apr
Mar
124% May
7% Feb
73
Jan
79%
Feb
12%
Feb
13%
Apr
Jan
20%
Feb
%
Jan
13
800
3%
3%
1,100
3%
Jan
1%; Apr
4% Jan
21%
3%
..10
21%
200
20%
Jan
23% Mar
..10
—
22
Jan
..10
common
preferred—
Shoe
50
6%
76%
...1
Foundry
Gray Iron
Mich
Steel
1%
65
..20
Detroit
4% Mar
Jan
19
78
Mfg.!
Detroit
De Vilbiss
6%
7%
3%
20
124% 124%
III
&
Mar
6% Mar
60C
10%
Feb
10%
Feb
13% Mar
14%
Apr
•
common
—
25% Mar
Distillers Co Ltd—
Divco
dep rets ord reg..
Corporation
Dobeckmun
Co
..£1
—
Dominion
Steel
com—
&•
Coal
7%
2.000
5%
Jan
11%
11%
200
10%
Jan
5%
5%
200
...
1
Corp
14
Feb
7% May
13%
Feb
6% Mar
7%
Feb
67
25
67
Feb
72% Mar
28%
50
28%
Feb
29 %
•
...
Jan
~6%Mar
67
74
..1
2%
Jan
Feb
79% Mar
Jan
5y8 Mar
3
300
3%
2%
10
200
9%
Jan
common..
common
Feb
28%
67
lio
Hosiery class B
~6 %
6%
•
—..
Co.—,.—.
Test Corp
5% May
•
—25
B
Dominion Tar & Chemical Ltd—,
Draper
6%
11%
•
Bridge Co Ltd
Dominion
Mar
7%
1
...
Domestic Industries class A
13
—1
_—....—
common
Jan
3%
Jan
1% Mar
1%
1%
400
5%
Apr
7
7
400
5%
Jan
.7% Mar
5%
5%
5%
2,600
4%
Jan
Duval
Texas
Sulphur
10
.
10
10
Mar
3% May
7% Feb
7
£1
—
Tungsten
For
%
Mar
9
Am
*
7a
3 V2 May
1
Power
Cement Co Ltd
23
Crown
Diamond
9
—_25c
Estate
Corp
Insurance
3/64
Feb
%
.
11
71
Jan
20%
9
Co
Gasket
3
12
.
American dep rets 5%
Fire
■
Jan
3la
150
Crowley Milner & Co
Duro
Camden
;
56%
1,000
21%
(ord reg)__£1
Petroleum
Brewing
preferred
1%
Cable Electric Products common—
Voting trust certificates
Cables & Wireless—
Callite
Jan
Ltd—
Duke Power Co
Electric
—
•
Petroleum
convertible
•Croft
Jan
3
47% Mar
'
5%
Courtaulds
6%
.17%
~2%
9%
•
common...
Sugar
510
3/64
•
1
preferred A
Durham
California
65%
32
5o
Reynolds
Driver Harris
Calamba
63%
10c
Inc d
$6
Feb
9%
Apr
21
•
*
&
6%
Apr
•
Detroit
17% Mar
~
preferred
Com
2%
37%
64%
0
Co
Range
Apr
Feb
23%
100%
Corp Am dep rets
Biscuit
Ltd
preferred
prior
4%
Feb
14%
31,100
26
•
Sullivan
&
800
Feb
10% Mar
4% May
6% Apr
800
21%
108
Cook Paint & Varnish Co
Cor; ,on
Jan
1,700
39%
108
Co
Apr
300
16%
25
preferred
Hill
7%
14% Mar
*3%
Gas & Electric Co—
17%
77%
16%
•
preferred—
1st
Rurrv
Feb
Niagara & East Power—
Bunker
Burma
20
3'A
16%
5
Buckeye Pipe Line...
Burco
Feb
17%
•
1
common
Bruce
$5
Jan
3% Jan
1
common
prior preferred..
Buffalo
2,700
3
2%
38%
1
Copper
8%
preferred.;
Forman
18%
*
n,»
Brown Rubber Co
Feb
20
/
immmm
i0s
.
class A
Class. B\—
Brown Fence & Wire
%
115% 116
Fdy & Machine Co
1%
"5
116
Dejay Stores
■
£1
.
reg
Power
18
15%
—
Am
Textile
7
Jan
17 % May
2% May
10
Jan
.
British
Jan
37%
Apr
900
common
Oil
Feb
11
200
v
Apr
Jan
6% May
:
Feb
10
*
■
British American
11%
400
2%
Jan
%
Jan
Feb
*
Class v A„——
2,600
13%
2%
22%
Jan
4
100
Steel
Apr
•
A
—
Co
11%
300
12
17%
13%
%
Mar
Mar
"
.
Mfg
800
2%
46%
11%
1%
•
preferred
Brillo
9 % May
13 VB
l
*
Feb
7% Mar
Feb
1%
1
.
Aeronautical.
Bridgeport Gas Light Co.
Bridgeport Oil Co—
14%
Jan
•
Lgt & Pwr
Jan
16%
—100
& Smelt
Consolidated
Cornucopia Gold
Jan
31%
100
Stores
Royalty
Cont
103
Jan
250
1
*
preferred
Consol
9
34%
_•
Utilities
Consolidated*
Coro
6%
•
Traction
Retail
Jan
6%
■
100
—
preferred
Brazilian
Mining
Consolidated
Jan
12
9%
25%
-mm
7%
Consolidated
Apr
450
'
8% i
97
25
Inc
Bowman-Biltmore
Gas
37
1%
Co
common
preferred series C
Continental
7% Mar
Jan
•
common
preferred
Consolidated
34
131%
% May
■■■■'
mmmm
— —
100
Borne Scrymser Co
•
45%
•
common
Biscuit
Apr
1,800
2 %r
™
X46
*
.
Bourjois
4%
Feb
13%
1
1946
Consol G E L P Bait
series B
Jan
6%
16%
•
Apr
"
1
preferred
& Co
Co
14% Mar
Apr
to
Coke Secur
35
~%
%
1
Blumenthal
May
127%
v
——
1
Bohack
9
Jan
•
•
(E W)
May
May
2%
800
•
common
optional
4
70
21
475
3%
•
Birdsboro Steel Fdy & Mach Co com
Blauner's common
Ridge Corp
extended
30
100
common
preferred
Jan
Apr
14% Mar
23
3%
2%
100
V/.
X22
3%
4%
300.:.
4
70
—
__
10
preferred
Berkey & Gay Furniture
$3
8% Mar
2'/4
'
Blue
Mar
25
2%
1
Canada
Blckfords Inc
Feb
15%
100
common
Hedges
Convertible
6%
40
*
"
2%
1
Ties
Aircraft
Bell Tel of
20%
85 %
wariants—
preferred
8%
common
Mills
'
5
common
Inc
convertible
$1.50
Bellanca
40%
1
1st preferred
Brummel
300
80
900
7%
34%
—100
.
Southern
&
Public
&
10% May
—
1
c
Jan
34%
25
preference
Gas
8%
10%
Jan
Electric—
Commonwealth
t
17%.Mar
109*% Mar
600
2%
Jan
14% May
Feb
Jan
17%
18
.39
Apr
Jan
13%
92%
100
25
5
Feb
4,750
""4%
9%
Mar
ft Mar
,53% May
2,450
"7
5%
Mfg—
convertible
Basic Refractories
Beau
6V4
40%
1
common
Corp.—
Seelig
223'b
21%
&
Mar
8% Mar
Jan
3,200
1
Jan ; \
4%%
for
Gas
93
%
100
ft
•
Arms
110% May
10,500
10%
ordinary
Fire
Consolidated
22%
30
Rubber
Barium
Patent
Apr
Jan
6%
Colorado Fuel & Iron warrants
Colt's
Jan
7/B
•
Airlines
Jan
Jan
14%
Jan
82
25
6%
»
common
Development
Colonial
$3
Baldwin Locomotive—
warrants
Co
Jan
15%
■
100
Co
Jan
8
7
*
common
7
8%
53%
7%
•
Corp
Plow
91%
1
Utensil
Feb
13%
100% 103
4
Feb
May
21%
150
14%
11%
3%
100
•i' 200
12%
Jan
B
•
preferred
Coal
Aluminum
% Mar
Apr.
7% Mar
1
Inc
Illuminating
Cleveland Tractor
Clinchfield
Feb
12%
V
Feb
Apr
8%
11
-
25
Babcock & Wilcox Co
Electric
1%
Jan
6
116% May
'•
10
Mfg
Feb
Apr
Jan
%
14%
10%
Co
9%
40
.
•
Lights
Jan
99% Mar
Jan
112
3,900
'/
Jan
9%
Jan
600-
7
4%
101% 106%
14%
*
Lambert
&
3
V
Purchase
Neon
Cleveland
Conn
7 7b
Controller
80
Jan
1%
•
Collieries
Jan
8%
5
.
%
—
1
6%
Clark
41%
•
Homes
Jan
Jan
97
50
%
~~ft
101%
Stamping
12%
21
6%
■
1%
common
9%
—
5
Machine
150
Jan
97
91%
•
& Suburban
7% Mar
2% Mar
75
;
9
1
& Sons
1,000
~
.10
preferred
60c preferred B
$6 preferred BB
Jan
Jan
3% May
7% Apr
7%
...100
—
$6
10V4 May
6% Apr
Jan
400
A
__
i—■v
1
Products
Voting
6%
__
100
Co
1,600
116% 116%
1
Cities Service common
Claude
£1
common
Automatic
Mining.
gChilds Co preferred
Clayton
Corp
Automatic
Consolidated
106 %
•
warrants
preferred
Ayrshire Patoka
Mar
10% Mar
Apr
5
110
Jan
2.50
Corp
Forge
-
Industries—
Line
8% Mar
10
Jan
6
9%
Coast
16% Mar
7%
6%
...
3
900
pfd
6%
Co
common
3%
Jan
10%
A
Jan
Metal Weather Strip Co„5
Corp
2% May
4%
10 %
Co
12%
%
2% Mar
10 */4
RR
%
400
4% Mar
class
Feb
1,100
8%
116%
1,200
4% Mar
Tel
111
97%
100
3,000
Apr
Coast
May
Jan
~3%
97
_50c
pfd
4%
1
2%
Feb
reg
117
108%
14%
7%
,'(■
—
1
2%
2%
4% Mar
3 % May
Co
314% Mar
10
'
10
pfd—100
Utilities
May
20
41
21
1
Light 7%
West
Feb
9 %
48%
117
~3%
com.—*
5%
.
2%
4%
2%
Jan
3%
Canada
Elec
25
Jan
111
•;
14%
~3%
1
Proaucts
Feb
Apr
8% Mar
14%
Cherry-Burrell common
__5
Chesebrough Mfg.———..25
Chicago Flexible Shaft Co
5
Chicago Rivet & Mach..
4
3%
106%
of
A'rcraft
Chamberlin
Jan
60
new
Cessna
&
&
Power
Steel
South
Jan
1,500
Atlantic
(B F)
Jan
3,500
Fisheries
Avery
Jan
14
Gas
York
Feb
May
7%
-
100
common
&
Plywood
Jan
105%
500
3%
Coast
Drop
%
275
15%
3%
Atlantic
Atlas Corp
7,600
106 %
106'
3'/a
rects
&
Atlas
&
%
%
106
•
Associated Laundries of America
Atlas
Central
3%
3
Refining
Tel
Apr
100
3%
Breweries
Birm
4%
7,900
4%
3
Electric
Atlanta
Jan
14%
4%
•
Associated
Associated
Apr
Power
•
Associated
American
",15%
Central
common
Corp
Works
Oil
Jan
4%
*
preferred
Ashland
Ohio
10
class
Metal
New
Central
1Q%
Arkansas Power & Light $7 preferred.*
Aro
Central
1% Mar
non-voting
Arkansas Natural Gas
6%
Hudson
Apr
46% Mar
13%
1
common
Appalachian Elec Pwr 4%%
Common
Central
26
.
Jan
2
13%
190
10
America..
144
Jan
...1
....
Jan
42
•
of
Apr
Jan
com
& Co—
Corp
Jan
1
3
;
Catalin
Co
Apr
5 % Mar
Js,n
X23
1
common
W)
22%
13%
14%
common
Corp
(J
40
2
Paper
(A M)
Apr
25
20
25
•
Fence
Products
Castle
25%
41
93%
26
!
Anchor
Casco
30U
41
92%
2
Angostura-Wuppermari
111
preferred
Carter
Apr
5%
1%
;
Carrier
21%
12%
.
Apr
18% Mar
29
2,300
116
Carolina Power &
$6
"l%
•
43%
Jan
~1%
144
'
"1%
*
.
Light $7 preferred..*
Jan
Jan
Feb
4% Mar
—.100
*
41
41%
Mar
4%,
*
Carnation
.
//:
•
Class B
37% May
Xl8
21
,
100
A
6 % Mar
Jan
14% Apr
**4%
—
1
class
Jan
Co
-ft*—
4%
common
5%
29
preferred
Co
34%
•
$6 series preferred.—
American Thread 5% preferred
&
700
37%
1
common.
111
Range since January 1
Low
Hif*
High
1.
*
.
Products
300
6:6
Superpower Corp com.—10c
$6
Jan
City
LOW
_•
Canadian Marconi
Jan
10
Seal-Kap
American
a.
Jan
„•
Republics
American
15%
107
Sharesf
25
Canadian Industries Ltd—
7%
preferred
26%
—100
:
Jan
Class B
550
17%
Co
•
1%
for Week
Alcohol-
voting
non voting
4,900
29
Chemical
&
Feb
preference
Industrial
A
17%
25
,
41%
Class
27%
100
Maracaibo
American
American
800
Feb
Participating
Canadian
17
25
common
45
36% May
% Apr
1,900
1
Feb
20
common
Preferred
American Meter Co
2% Mar
1
—
American
41% Mar
25
Mach
& Tvac
Jan
ft Apr
Sales
Range
of Prices
Foundry Ltd—
X36%
1,
Hard Rubber Co
American
44% Mar
35 %
Week's
Last
Exchange
Par
Car &
26%
.
27%
10c
common
preferred
$2.50 convertible preferred
American
38% Jan
300
1,400
37%
37%
1
17
10
.100
General
American
37%
Friday
Sale Frioe
Curb
tiion
400
-v
38%
•
common
convertible
$2
2%
10
Electric
&
preferred
American
37%
2%
Foreign Power warrants-
American
4% %
40%
36%
'
American
V:
40
23/a
Class B non-voting——*———10
American
Low
37
-
I
_
American
STOCKS
Range since January 1
Hiah
40 %
25
A
Class B
12
MAY
Canadian
A——.»———>—..,—25
.
Low
EXCHANGE
ENDING
New York
Shares
Light—
&
WEEK
Sales
for Week
Range
of Prices
Par
American
FOR
1993
6%
Jan
East
Gas & Fuel Assoc common.—*
2%
Mar
30O
1%
Feb
4%%
100
66
64%
67
575
56%
Jan
70
6%
100
35%
35%
36%
650
32%
Jan
40
Mar
24%
Jan
28
Mar
prior preferred
preferred
Eastern
Malleable
Iron
25
1%
1%
Mar
Monday, May 15, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1994
NEW YORK CURB EXCHANGE
FOR WEEK
RANGE
Range
Last
Exchange
Curb
States Corp
New
Shares
% Mar
2,000
—
$7
36%
36%
37 %
36%
36%
36%
33%
33%
125
$6
400
preferred series A
——
preferred series B
Eastern Sugar Associates—
—1
$5 preferred v t c
—
Easy Washing Machine B—
Economy Grocery Stores
5
Electric Bond & Share common—
$6
«
5%
%
600
4
110
112%
42%
Power participating stock
Derrick & Equipment-
Jan
Imperial
Great
Apr
10%
33
29
,
80
International Hydro Electric—
Preferred $3.50 series—
Jan
Feb
11%
Jan
International Minerals and
X36%
37%
425
31%
Jan
5%
5%
341/4
1,000
4%
Jan
6%
Apr
International Petroleum
34%
5%
34%
Mar
34%
Apr
21
18%
21 Ve
1,500
23
Feb
Warrants
Mar
9%
1
1%
Brewing
Falstaff
Mfg Co
Fedders
7%
700
*
10
77%
Feb
84%
14%
Jan
17% Mar
Jan
19%
8,900
14%
Feb
19 % May
5%
700
63
Mar
4%
4%
1,200
4%
Apr
4%
900
7.300
20%
20%
20%
1,300
19%
Feb
20%
Jan
21% Mar
Jan
2
70%
—5
Brewing Co
2%
Feb
76%
Apr
3%
16%
3%
600
Feb
4
200
16% Mar
18
100
10%
Jan
14% Mar
Feb
45
Mar
58
Jan
x68
5 %
Gen
8
7%
Jan
8% Mar
400
lJ/8
Jan
2
Feb
24%
Apr
77
70%
10
77
Feb
77
Jan
3
Kennedy's
Feb
1%
i| Jan
5 %
preferred series A
General Fireproofing
common
Ueneral
preferred B
Outdoor Adv 6% pfd
General
Public
Gen
Jas
& Elec $6
$6
•'
Water Gas & Electric common
500
18% Mar
'2,500
A Mar
32";
••450
47%
48%
Gilchrist
Co
81
B
Class
12
$7
Mfg
Gorham
—
Mines
Gorham
Mfg
Gray
Mfg
.
Non-voting
1st"
t b
100%
10
400
14
13%
13%
%
1%
25%
Jan
12%
Jan
% Mar
%
Jan
-
19%
175
8%
8%
200
1%
;
300
100
19
•
83
Mar
May
Kress
48
May
112%
3
:S:3%
17%
%
Jan
Feb
20% Mar
Jan
7% Jan
Mar
9
;
1% Mar
Jan
6%
3,500
2%
2%
300
93%
94%
125
11
Apr
37%
9
50
104
for
>
.
Jan
Ve
Apr
106% May
% Jan
Jan
100
70
56
Jan
J an
Feb
4%
8%
8%
Jan
7
800
9%
Jan
90
90
175
84
Jan
50
132
Jan
135% 136
J
32%
32%
6%
7
800
1%
3%
3%
100
32%
29%
Jan
6%
2,000
Feb
3% Mar
108%
•
114
114
20
110
Apr
Mar
106
,
70
Lamson
Lane Wells
7
Leonard
Line
Corp
Lit
Apr
Jan
Feb
124
10%
300
9% Mar
10%
13
150
9%
Jan
17%
Jan
111%
Feb
111%
Feb
-
Feb
Feb
56
66
Jan
55
Feb
2%
Feb
3
Jan
4%
Jan
5% Mar
600
5
5
"%
Jan
45%
1,100
a%
3
%
%
15%
%
% May
100
15%
300
Feb
15%
8%
Jan
16 ¥4 Mar
Mar ¥
12
12% Mar
9%
Feb
Apr
Jan
20
Jan
100%
Jan
106
Mar
84%
Feb
95
Feb
12%
Feb
13%
Apr
7%
Jan
9% Mar
16
IO2V2 103
150
13
400
13
Jan
51% May
Jan
15
Jan
2%
Jan
3
Jan
2%
Jan
3% Mar
105 Vb
Feb
9%
Jan
12% Mar
Jan
26% Mar
51%
580
37
14%
.
4,000
12
?3%
"3%
100
12
5
12%
300
..100
1
12%
21
class A..*
"III
(R G)
.25
—.
—5
10%
,.L__
Groceterias
Apr
•
7%
Land
&
Corp
Jan
11% Mar
i7e
Apr
-10
11%
50
22%
Feb
V.1%
2%
2%
16%
16%
200
15
Feb
13,200
8
2% May
Jan
16%
8%*
*
Apr
Jan
900
8%
Feb
25
10% Feb
24%
24%
:
.
20%
Apr
17
Apr
9
May
••
9
Jan
1J
1%
Feb
Jan
%
%
2,600
67
66%
51
Jan
69% Mar
59%
67%
60%
225
60%
175
49
Jan
61%
1
7%
7%
Exploration....
Ills
common
26%
27
6,500
6%
50
109%
Jan
27
350
7%
Feb
113
7%
113
Louisiana Power & Light $6 pfd
Lynch
Jan
29%
10
A00
...
preferred class B
Louisiana
1%
26 % May
100
.100
preferred class A
6%
Jan
200
18%
...5
Long Island Lighting common.,—
Feb
3,500
A—_.
:
Lone Star Gas Corp new common-
Jan
.
2%
.
Class
Steel Chain
Locke
%
.10
.25
Apr
5 % Mar
35% Mar
10%
'.-
26%
;*Lu
6%
Feb
Mar
'
25
26%
u
-1
...
.
30%
29%
60
Feb
110
Feb
3
29%
—.
Inc
Brothers common
Loblaw
Jan
114
Apr
20 V*
1
—
Lipton (Thos J) Inc 6% preferred.
Jan
4%
106 J/2
13%
common
Material Co—,
Lionel
Mar
7%
100 % May
Jan
49%
Oil Development.
Le Tourneau
Feb
111%
Feb
Jan
18
5%
Mar
33%
92
100
10
13%
preferred
Vfr
Co
Lefcourt Realty common.
Convertible preferred
93% Mar
136
40
200
'12%
12%
49%
,
Langendorf United Bakeries
Jan.
11%
94% May
100%
—
1
Corp of Delaware
Lane Bryant
;
Apr
32
.
..100
(N J)
Lakey Foundry & Machine
7% Apr
.
Feb
87%
1
Mines Ltd
Shore
Lake
40% Mar
11%
Feb
2% Mar
L
RR
Lackawanna
Mar
15% Feb
Apr
Feb
Jan
7%
*
2Ve Jan
106'%
100
Mar
11% Mar
200
9%
Kreuger
51% Mar
Feb
Jan
5
/
121%
100%
106
106% May
Jan
3%
2.% Apr
600
5%
100
10
special preferred
Brewing Co
(S H)
Jan
16
30%
—*
-•
3
5%
100
preferred
Koppers Co 6%
12
May
5%
...
$6 preferred
Gypsum Lime & Alabastine
%
*
Inc
&
13%
IlO
pfd
48% May
.7
200
1
common
Stores
,r
•
Jan
,400
Paper..
Utilities $5.50
Feb
Apr
Feb
•
Kobacker
sn
;
10%
100
39
38
stock
common
9%
%
1
•
10
Ltd
common
Kresge Dept Stores—
4% convertible 1st preferred
9%
,300
14
9%
—3
preferred.
States
Mar
Co
(I B) Rubber Co
Knott Corp
Pacific Tea—
&
Northern
Jan
'■111
__
100
25
Greenfield Tap & Die
-Li--.
*
Grocery Stores Products common—25c
7 %
Great
Jan
—1
Varnish
Co..
Atlantic
Great
13
70
common.
Grand Rapids
Jan
8%
-
Apr
2 % Mar
Feb
Emil)
(D
Kleinert
Mar
51% Mar
13
:
Klein
Apr
1
•
!
9%
*
Kirkland Lake G M Co
-
.50
class A
Inc
78
750
10%
Hi
Co
preferred.
$3
10
91
Jan
L.
10/"
106% 106%
10
Jan
41%
60
106% 106 %
Consolidated
Mar
i;'. .120% May
75%
175
II*
preferred—
Goodman
9%
100
10Q
100
1
1
Kingston
Products
Kirby Petroleum
8 % May
1%
50
39
—
32
Feb
1
*
Kimberly-Clark 6% pfd
Kings Co Lighting 7% pfd B
5% pre/erred D
17% Mar
74
100
48
111% 112
*
class A
.
Goldfield
Gulf
821/2
12
48
82%
•
Godchaux Sugars
4
Feb
Jan
79%
400
1%
•
Coal
Alden
Glen
Jan
44
>
Jan
25
5
Inc
Key Co common
Apr
11 Apr
1%
1%
_*'
—•
Gladding McBean & Co—
24%
200",
preferred—100
Ken-Fad Tube & Lamp A
May
Jan
115
__
*'
•
$5 preferred
——.—•
Gilbert (A C) common
•
■
14
Jan
Jan
8
14%
__
Georgia Power $6 preferred
Preferred
100
700
__
preferred.
$3
3%
81/2
17%
8%
17
17
•
1
•
1
Rayon Co A stock
Shareholdings Corp com
convertible preferred
General
12%
100
14
preferred—*
Service $6
General
Gen
14
£1
1
10
•
*
lOd
General Finance Corp common—
<•
%
,
,
K
May
•
dep rets ord reg
%
24%
31%
100
100
—*
preferred
preferred
Julian & Kokenge Co—
7%
Electric Co Ltd—
Amer
1
'
32
Lt 5%% pfd—100
6%
Jan
I
Alloys Co
General
Feb
1%
Mfg Co common
7%
-
100
preferred
Gellman
Jan
,300
24
Mar
3
60
65
64
•
common
Jan
16% Apr
19
■..300
Glass Co
Kansas Gas & Elec 7%
Co
19%
7%
'1%
24%
1
1
Co
Jersey Central Pwr &
Jan
13
(F L)
Jeannette
Jan
16%
37
3%
16%
Fuller
Power
9% Mar
16%, Apr
17%
1%
Engine Co
Jacobs Aircraft
Jacobs
Jan
12%
1
Distilling.
1
& Malt common—
.—1
(Geo A) Co
_•
$3 conv stock—
100.
4% convertible preferred—
Froedtert Grain
Gatineau
Feb
Jan
19%
3%
16% May
17%
Italian Superpower
Feb
Jan
8%
17%
1
Irving Air Chute
X4%
£1
Motor of France—
iAmer dep rets bearer.—
(Peterj
Franklin Co
Apr
7%
'.
8
1%
-*
*
Investors
Royalty——i
1
Iron Fireman Mfg voting trust ctfs—*
25% Mar
56%
Jan
300
17 %
*
—*
1
Interstate
Feb
-10
Ford
Fox
7%
5% May
25% Mar
Apr
15%
10% Mar
Jan
2%
1,000
3% Vs,
16%
.
Apr
7%
*
*
preferred^
prior preferred
Home Equipment,
Interstate Hosiery Mills
Interstate Power $7 preferred—..
15 % Mar
7%
5,700
8%
8%
17%
B
Feb
Mar
500
8 lA
£3.50
Jan
Jan
12%
voting—
B
2%
1%
300
15%
18%
32
450
3%
17%
$1.75
10% Mar
Jan
2,300
..25
Warehouse Co
Association (Phila)
Ford Motor Co Ltd—
Am dep rets ord reg—
Ford Motor of CanadaClass A non-voting
Fire
Class
,
2
1%
lis
—
Federal Compress &
9%
15
5%
-«
Metallurgical
Fansteel
9%
Jan
Feb
1% May
17
.8%
shs_.•
coupon
Registered
Mar
15
.—I
Apr
70
81
3%
—
International Safety Razor
.—1
Inst Co
& AiTplane
Jan
27
*-725
Chemicals-
shares
International Products
38
66%
,
80
Apr
'1%
Jan
110
Jan
29%
16.
1% Mar
1% Mar
.
1
x36%
23% Mar
Feb
Mar
42%
29
%
Fairchild Camera &
Feb
16%
...50
International Utility class A
Fairchild Engine
10
46%
•
340
56
-
;
International Cigar
11% May
44
18%
55
55
.—10
North America—
•
Machine-
Co of
Insurance
Apr
Mar
116
31
30
52
I100
1% Mar
Feb
Jan
50
Jan
Jan
J
Jan
1,100
Jan
12%
1
Feb
1
convertible preferred—
1
Esquire Inc
—
—50
Eureka Pipe Line common—
1
Eversharp Inc common————
$3
Apr
12 %
Apr
106
210
52%
52%
65 % Mar
.10o
Equity Corp common
108% 108%
108%::
95
8%
8%
6%
Apr
22%
£1
Jan
42% Mar
1-5
4.300
Jan
10%
9
..100
103%
100
5%
11%
11%
..100
93% Mar
Jan
60
■•rr<
42%
~1% rVA
of
Tobacco
Ireland
15% Mar
4,900
11%
11%
11%
6
Feb
High
L010
Hiah
11
£1
•
*
5
Britain &
rets regis
dep
10 % Mar
Jan
30
.100
48 %
Jan
% May
8%
-
Empire
Emsco
150
-15
Emerson
Empire
88%
46%
nil
National Watch Co
—
Electric Mfg—
District Electric 6% P*d--
Elgin
1,400
%
-
83%
Am
Imperial Oil (Can) coupon
Registered
Imperial Tobacco of Canada
Feb
Range since January 1
Shares
Chemical Industries—
Imperial
40% Feb
40%
Jan
56%
55%
Jan
for Week
Low
Par
Jan
Jan
14% May
7% Jan
:
1.600
90
•'
Option
warrants
Electrographic Corp
90
89
55%
5
600
24.400
87%
89 y2
---------
Light 2d pfd A.
Power &
Electric
5%
35%
7:350
*~7%: ~8%
5%
8
90
preferred—.
preferred—
$5
42%
42
1
Sales
Range
of Prices
Sale Price
High
Low
Week's
Last
Exchange
Curb
York
Range since January 1
Hiah
Low
Par
Eastern
for Week
of Prices
Sale Price
Friday
STOCKS
Week's
Friday
STOCKS
York
New
'
ENDING MAY 13
Sales
26% Mar
113
Feb
Apr
May
28 % Mar
H
Hall
8
Co.
Bridge
Lamp
Hamilton
Hammermill
Hartford
Electric
Hartford
Rayon
Harvard
Light—
2—5
._25c
...
Preferred
5%
—
♦M.¬
4,000
3%
90
41%
Jan
6%
Jan
Heyden Chemical common
Hoe (R) & Co class A
....
'
'
•—
**
22
21
121
t
Jan
12
100
•
V—"
13
Jan
Mar
28%
22
—10
Feb
30%
Feb
Consolidated G
Hollinger
Horder's
Hormel
Co
5
M
(Geo A)
(A
Horn
& Hardart
5%
ZI*
Ilh
& Co common
&
Oil
Hussmann
Huyler's
'
r
•
...
-w—
■
'
'
.
•
26%
5
Inc
Ligonier
*
—
——
18%
.
.
'
18%
150
42 V2
43%
4,600
4%
42%
Co
1
common
1
40
May
25%
Jan
6%
Feb
2%
Jan
4%
Feb
1,300
8% Mar
10%
Jan
■
Ills
_•
Warrants
...5
&
62
Scott
....—
.*
—25c
Michigan Bumper Corp new—
119
Apr
Michigan Steel Tube
Jan
27
Apr
Michigan Sugar Co
5%
500
•
111
17%
38%
4
Jan
Apr
Jan
Jan
113%
Apr
20% Mar
43 %
Apr
5% Mar
—...i
Preferred.
1
2.50
•
6%
Jan
8% Mar
Middle
2%
2%
2,400
2%
Jan
3%
Feb
"Midland
22%
23%
600
20%
Jan
28%
t c
Dividend
Illinois
arrear
Zinc
For
50
ctfs—
footnotes
•
see
page
1997.
V:
50
1%
Apr
103%
Jan
23,500
2%
Feb
Jan
99% Mar
4
:"';v r 1,300
,
1%
2% May
Jan
•/" 10
113
100
%
1,100
6%
J|
6%
100
7%
7%
1,000
2% Jan
4
Jan
36
Jan
110
Jan
116
Mar
,...
2%
4%
May
3%
Apr
Jan
5%
Apr
Feb
45
Feb
6
Jan
7%
Feb
5%
Jan
7% May
8
Jan
/II Mar
;
12%
Apr
11%
12%
-1,600
3%
3%
18,100
1%
Jan
3% May
4,100
9%
Jan
11% Mar
West
Corp
Oil Corp
5
common
9
10%
Jan
10
Mar
Apr
10%
10%
$2 conv preferred—*
Midland Steel Products—
10%
10%
11
500
9%
Jan
13
Mar
Co
common
-Abrasive.
—
•
20%
20%
21%
200
20
Jan
! 23%
•
$2 non-cum dividend shares
24
24
24%
475
23%
Apr
26%
....50
2
100
1%
Jan
2%
Jan
Jan
8%
Apr
.8%
8%
3,700
4%
Jan
8%
Apr
Midwest
Piping
47%
48%
1,100
43%
Jan
49%
Apr
Mid-West
•
•
12%
14
3,000
Co
Supply—
&
Jan
15%
Apr
Mining Corp of Canada
9% May
11%
Jan
Minnesota
9%
Mining
&
Mfg
8%
300
_2%
1,200
1%
100
8%
15%
*
1
Refineries
~2%
1%
10
Oil
7%
48%
12%
Co
% Mar
8
Apr
■
7%
common
preferred
4
62 % May
Jan
2%
~~*k
10
Midwest
conv
Jan
6
2%
~3%
2%
■
Mid-West
5%
3%
113
_i_—__1
v
Apr
36
_i7%
Midvale
Illinois Power Co
41
1,200
'•"
1
Middle States Petroleum class A v t c.l
Class B
159
Jan
1,900
100
.2%
3%
—•
Corp—
Micromatic Hone
3%
800
"
6%
—15
Metropolitan Edison $6 preferred,
Apr
6%
%
1
Textile Corp.
preferred...
4%
62%
52
100
100
Messabi Iron Co
Participating
6%
3%
Jan
138
—
.....
A preferred
Metal
1%
50
157
157
•
;
common
common...
Chapman
Jan
«
Sygrade Food Products
Stores
Jan
4% Mar
Jan
100
1,100
9%
22%
•
preferred
Hydro-Electric
Securities
Jan
119
—
10O
27
«
1st
Mar
3%
•
'
III5
Corp
13
7%
7%
4y8
8%
•
'
Refining
Fibre
15%
33
250
•'
I100
(Harvey)
Hummel-Ross
40
38
•
Baking Co
preferred
Humble
'
'
■
Horn#& Hardart—
Hubbell
'
■
10%
12% Mar
1,000
'
:/
—
•
Co common
C)
Horn
9% Mar
13% Mar
10%
10
10%
*
common
Inc—...
Jan
7% May
1% Mar
7%
6%%
Holophane
26
Jan
Jan
3%
Merritt
24
Feb
4%
200
9%
Memphis Natural Gas
Jan
100
19
1,700
1
7%
Mercantile
28%
100
7%
1;
4%
Massey Harris common
Apr
22
21%
6 %
1
t c—_
21%
•
v
McCord Radiator & Mfg B
May
Apr
33 % Mar
McWilliams Dredging
Mead Johnson & Co
16% Mar
18%
Feb
Com¬
*
Mass Utilities Association
Jan
200
33
•
Co...
Marine
Jan
81
Ltd
Co
Steam Shovel
Marion
14%
18%
Mfg
8% Mar
Jan
•
Margay Oil Corp
Apr
18%
18%
munication
Feb
81
•
Co
International
Marconi
May
28%
.2.50
preferred
(The B)
Consolidated
Mapes
Jan
14% Mar
Jan
convertible
2% Mar
Jan
5%
1
Stores
Manischewitz
May
7% Mar
Jan
26
—'
'/
i
22
■'
$5
Feb
5% May
9%
:
-
Mar
47
10
■■
-
*
—15
Jan
1%
700
l7/a
-
Mangel
Apr
6% Mar
30
11%
•
'
-■
'
—25
Apr
1%
Manati Sugar optional warrants
4 J/4
3,400
'.WW
■
....
Jan
7%
7%
■
■,
•
1%
45%
45
7%
•
Rubber common
50
Feb
26 %' Apr
•»
:::2
Henry Holt & Co participating A.¬
Jan
1%
4%
4%
45%
s;:
—
common
Jan
Mar
47
—I"''-.
■
M
Mar
5
24
2%
—
A
Co
Hewitt
10
■
•
■
...50
—
Co
Rubinstein
Class
49%
8
Jan
5%
— -
•«-.—.
Stores common.:
5% Jan
5
49%
■
preferred
Heller
:
xl9% Mar
150
America B non-vot com..1
Mining
Helena
300
.
23
—
1
Co
7%
•
22%
1
ctfs.
Corp
Hearn Dept
Hecia
•'
'
'
:
/ 23
25
voting trust
Brewing
Hat Corp of
Hazeltine
H10
7%
7%
—*
Ltd—
Co
Paper
2%
62%
59%
63
200
2
Jan
Feb
1% Mar
52
Mar
17
Feb
Jan
2% Mar
111
63
Jan
May
Volume
Number 4281
159
THE COMMERCIAL & FINANCIAL CHRONICLE
%
1995
NEW YORK CURB EXCHANGE
RANGE
STOCKS
New
York
Curb
Week's
Range
Friday
Sale Price
of Prices
Low
Par
Minnesota
Pwr &
Light 7% pfd_.
Mississippi River Power 6%
pfd_.
_ioo
_10Q
113
Low
Jan
102
113
v
20
109 ¥2
Jan
114 ¥4
200
8 ¥2
Jan
Jan
10 ft
19
20
Monogram
Pictures
Monroe Loan
Society A
Utilities-.
Ward
Montgomery
Montreal
nil
common..
A
19 ft
"3%
.
—10
—
Light Heat & Power
Mountain
Producers---
3ft
Mountain
States
Power
Mountain States Tel & Tel——.
Muskogee
6%
Co
common
,
28 ¥2
preferred
Apr
Jan
Pneumatic
50
Pittsburgh
Feb
32
>,
Jan
9
Jan
1% Mar
2,300
5 5ft
Jan
6¥a
Apr
Powdrell
&
21 ¥2
Apr
Power Corp
150
:'
.l'\vft;;
127
>
1 100;
■
:V;
•••■'*'■
'•^•
Feb
Jan
16
Mar
Jan
13 ¥2
6 ¥2
200
131
133ft
11 ¥4
•
•
13
8%
Feb
18
v
Jan
10 3ft Mar
Apr
64
:
Jan
Mar
80
.
—250
Producers
7%
Candy Co
City Lines
convertible
preferred
•
National
Rubber
National
Steel
5¥2%
preferred
12.50
National Tunnel & Mines
Union
National
Oil
Navarro
Nehi
common
Radio..
10
ft 400
13
1
3%
28 ft
preferred
Y
Auction
Y
City Omnibus
N
Y
Co
N Y
1st
100
10
common
100
-5%
5
ft. 56
56%
ft- r 6ft
ft.57ft
10
5
common
5
;
Electric—
Light & Power
•
North
7 ft
Utility Securities
Jan
Feb
6%
3
3%
4 ¥2
55%
Jan
100
11
Jan
1,000
95
Jan
109
Mar
Jan
4
¥2 May
Jan
17
May
Feb
15
Mar
16%
17
200
3
2%
3
5,700
6ft
6ft
6%
8ft
Jan
;
4%
.100
..10
%
%
"7 ft
7%
Ohio
Edison
Ohio
$6
7 ¥2
Ohio
Public
6%
1st
27
28
•
•
-10
W
Ltd
Oklahoma
7%
"'9
Feb
Feb
7%
Apr
1st
May
Overseas
Jan
Jan
Jan
30
Apr
1
Jan
45
/'.
Apr
3,000
a7a
Jan
6%
Apr
8
Jan
8
Jan
7 ¥2 Mar
¥2 Mar
108
—
108 ¥2 Mar
Apr
; ,116
114 Va
Jan
10,000
10¥2
Jan
375
93 ¥4
100
11%
Jan
11
Jan
13
Jan
10% May
—
T~
11%
11%
12 ¥4
99 ft
99
993ft
15
15
Apr
13 ¥a Feb
101
Mar
■•'
15
'
"
10%
X'
*.
.
10 ¥2
10%
500
76
77
190
151ft 152
80
Jan
8 ¥2
16 ¥2
Apr
Mar
71 ¥a
Jan
77
Apr
Apr
149
154
Jan
10 ¥a
Jan
14,900
1¥4
Apr
75
12%
Jan
10 ¥a
Jan
.
•
3%
Feb
•
2%
'
65
•-
ft
78
.
65 ft
Richfield Oil Corp.
2%
78
.
;
5%
170
112%
'•
Rochester Gas & Elec 6%
May
14¥2
Jan-
Cable
Rome
*116 y4 Mar.'
105 ¥2 Mar
-May
ft 60
64
Feb
2 V4
9.900
625
5%
1%
Jan
74ft
200
Feb
May
%
Jan
10%
Jan
9%
9%
100
9ft
Jan
m
1 lit
100
1%
Jan
5%
ft
5%
.%•
118
11
117ft 119ft
200-'
4ft
-
83 ¥4
27%
54
54
8ft"
ft* 8ft
105
114
105ft
113ft 114
12 ft
12 ft
12%
10
25¥4
6,100
2%
3%
3%
21
3%
21
i09% 110ft
16,400
Jan
6 ¥4
St
%
Feb
1.475*
103
Jan
120
,
lift
jan
12% Mar
4
3%
13 ft
31
Jan
52% Mar
20
300
1
"2 ¥2
1,200
%
1,400
¥2
Jan
100
107 ¥4
60
105 ¥a
Jan
8
33/3
Jan
% Mar
Jan
108
Mar
14%
Oil
1.400
•3%
Apr
275
18 ft
Jan
440
153/4
10%
Jan
12% Mar
2ft
2 ¥2
100
2Vst
Feb
2% Jan
6 V4
6%
4,600
5
Apr
6 ¥4
19
Jan
18
Jan
Mar
Mar
8Va
8%
900
8
Jan
9
3%
3 ¥2
300
3¥a
Jan^
4 ¥4
Jan
5
Feb
5ft
Apr
~1%
_2 ft
3,400
1 ft
Jan
2%
Feb
8¥a
2
5
—100
1
Co
Corp common
148
11 ¥4
4%
11 ¥4 May
25
4 ¥4
4 ¥4
8,000
149
148
250
146
5%
9ft
9%
Feb
156 ¥2
Feb
2
2
8%
5,500
1
Jan
32
5
•
16 ¥4
400
16 ¥2
43/8 Mar
38 ¥2
Jan
1%
200
10 ¥4 Mar
Feb
2 ¥4
9%
lift May
•
Jan
Jan
4 ¥4
14
Feb
-.•'-:
1%
Apr
2 ft Mar
17 ¥2 Mar
Jan
3ft May
common
1
2%
2%
¥4
19,600
preferred
25
25
*
71 ¥4
69 ft
74 ¥4
4,275
50%
Jan
29%
30 ¥4
600
27 ¥4
Jan
x32
Mar
76
260
64
Feb
81
Apr
10%
300
9%
Jan
12 ¥2 Mar
100
2 ¥2
Apr
3 ¥2 May
(D A)
Manufacturing
Electric
$6
preferred
3
Jan
74 ¥4 May
Scranton Spring Brook Water Service—
1—•
preferred
$6
Steel
Scullin
Co
•
common
Securities Corp General
2 7 ¥4 Mar
4%
2% Mar
2% Mar
11 ¥4
50
Co
Scranton
Apr
69 ¥4
69
10%
¥4
10%
1
3ft
3 ¥2
•
43%
1
*
•
1V4
1 ¥a
1%
7ft
7%
100
1
"~ia
5
prior stock
$5.50
115 ¥2
Apr
Allotment
118 ¥2
8% Mar
17 ¥2 Mar
16 ft
Feb
%
500
%
Apr
700
6 ¥2
Feb
%
7%
Jan
8 ./ft
17
17
/
May
Jan
.
lft Mar
1V4 Mar
83/4 Mar
Mar
400
67
Jan
77
150
69 *•'.;
Jan
75ft Mar
Feb
112
800
Jan
1
6%
500
44
41
44
40
10,400
7ft
Selected Industries Inc common
Convertible stock
21 ¥2 Mar
Inc
Bros
Seeman
Feb
Jan
Jan
■"•*
70
71
*
Shattuck
Mining
Denn
5
common
25
pfd series AAA
100
cum
Sherwin-Williams
A: /'
¥2
700
3¥a
%
100
Co
Silex
of
Canada
common
12
U
Feb
4ft
Feb
Apr
Feb
7% Mar
12
3%
2%
12
100
Apr
13%
Feb
97
Apr
1,300
10
110 ¥4
14 ¥4
25
96
.1
•
96 ¥4
91 ¥2
113% 113%
9^/4
•
—
Jan
Jan
6%
100
7%
3ft
_•
Sherwin-Williams
8% Mar
ft
7 ¥4
1
Shawinig'in Water & Power.
Mar
1
3%
1
Serrick Corp class B
7 ¥4 Mar
9
70%
—l
Control
69
Seton Leather common
May
Apr
25
certificates
Safety
Sentry
Feb
5% Mar
24
Feb
I :
6% May
Jan
17
•
pref
common
Jan
6%
300
Feb
17 ¥2
"
Co
Jan
18%
Apr
Apr
100
Oil
Feb
5ft Mar
100
13,700
108
13 ¥2
11 ¥2
•
Convertible
Mar
116
Jan
107¥4 107 ¥2
11 ft
—1
•
1
Mills
Schulte
Jan
8
7%
2% May
..20
common
United
Scovill
10 ¥2 Mar
87
6ft
7%
1 Va Mar
Jan
Savoy
Apr
113% May
7 V2 Jan
l
l
Feb
Apr
%
Schiff
Mar
Jan
104
40
120
2,000
•
L
Securities
4%
14 Va
_2%
——
preferred
Dome
Sanford
Mar
7
1,000
108
5%
24
Jan
Jan
11
%
2¥a
conv
Paper
Samson
54 ¥4 Mar
5 ¥2
$2
A
Regis
7%
31 ¥4 Mar
115
5%
3 ¥4
2,100
13 ¥2
"2%
1
Co
Corp Ltd
Lawrence
Salt
Apr
27% May
100
Feb
22 ft
Jan
243/, Mar
5
convertible preferred
Class
St
Jan
:ft>ft Jan
112
-
Jan
23/4
Apr
Feb
2
Apr
9% May
2 ¥2 Feb
112 ¥4
22%
30 Va
Jan
1%
21%
'
Jan
Mar
13
Jan
15
Mar
12%
Feb
18 Va May
51 ¥2 May
6% Mar
106 ¥2
109
5
common
48
|| Jan
X40ft
Vfc Mar
3,100
23
21
Jan
*
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynes common
Jan
87
9%
22%
Feb
Il5
Ryan
Jan
sa
pfd D—
common
Russeks Fifth Ave
Jan
77
Corp
Petroleum
$1.20
Jan'
28
27%
50
Jan
15%
1
v t c
Royalite Oil Co Ltd
Jan
3%
Apr
5% Jan
500
105
"lie
■75'
1/128 Feb
100
-
5%
14 ¥4
Apr
Jan
Mar
115%
Feb
12
14 ¥4
Feb
13
Mar
13%
Feb
16
Jan
Simmons-Boardman Publications—
'
Pacific
Can
Co
Pacific Gas
5 ¥2 ft
1st
common
Elec
&
6ft
•
1st pfd
preferred
...25
__
100
Lighting $5 preferred
Pacific
Power
Pacific
$1.30
Public
1st
Light 7ft
14%
V 200
13
Jan
ft35%
36ft
900
35
Jan
32%
36 ft
_•
Service..
_
108 ft 108 ft
102
102
102ft
50
130
•
preferred
•
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Paramount Motors Corp.—
Pen
Parkersburg Rig & Reel...
Patehogue Plymouth Mills
Peninsular
$1.40
Telephone
preferred
~7ft
common
Corp common..
i
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
r*
Gas &
Penn
Power
$6
Elec class
&
A
!•
com
Light $7 preferred
Penn
Salt
Water
Pepperell
•
Mfg
Traffic
Penn
"50
Co..
Co
a
Co
...
see
"7%
7,700
31ft
31ft
100
•
...
page
1997.
III
.II•
33%
Apr
May
>•—.'
19%
19 ft
400
40
Amer
105
Feb
Sioux
6
Feb
Smith
Gas & Elec 7% pfd
(Howard) Paper Mills
Jan
20 ¥2 May
Solar
Aircraft
Feb
82
Mar
Solar
Manufacturing Co
9
Jan
6%
24
Apr
'Jan
8% Mar
31 ¥2
May
Sonotone
Soss
Corp
South
Penn
Jan
Jan
50
Mar
Jan
37
Apr
5ft
68
ft
Apr
33 ¥2
Jan
5%
5%
Jan
6%
5ft
6,900
4%
Jan
68 ft
25
64%
Jan
43
lft
—:
163 ft
1
lft
101% 103
96 ft
97
II
163 ft 163 ft
Mar
63 ft
70 ¥2 Mar
43
Mar
133
133
8 ft
Pa
Power
420
94ft
Jan
104 ¥2 Mar
Southern
220
90
Jan
100 ¥2 Mar
Southern
Phosphate
50
161
Mar
Southern
Pipe
61ft
lft
xl65
Feb
Feb
2% Mar
25
~7%
~8 ft
600
9%
9ft
300
Apr
68
Mar
.125
Jan
135
Apr
Jan
7
Jan
8% May
33%
Apr
R3/p Mar
10% Mar
7%
Southland
12 3/4 Mar
3ft
Apr
Jan
13 ¥2
Feb
3%
1,000
2%
Jan
33/3 Mar
33A
Jan
6 3/4
Mar
Apr
5%
♦ 5%
5%
500
2%
2%
2%
2,600
Feb
3 ¥4
4 ¥4
Jan
4% Mar
2 ¥2
Jan
3 ¥2 Mar
2ft
2 ¥2
900
40%
41 ¥a
300
44 ¥2
Jan
40
Apr
28
41 Va
Mar
30'/2 Apr
37
25
.-1'
38
38
80
Mar
43 ¥2
Jan
31
30 ¥2
31
700
29%
Apr
32 Va
Jan
30 ¥a
500
29 ¥t
Jan
31ft
Feb
1%
100
1V4
Jan
1%
Feb
25
30
__
class A—25
1%
England
Telephone
Co
Spanish & General Corp—
Amer dep rets crd bearer—
Amer dep rets ord regis
Jan
75
72
123
123
Feb
10
123
May
130
Jan
5
-
6 ¥t
5%
Apr
83/a
6
11
~9%
1
•
6 ¥4 Mar
600
Jan
9ft Mar
300
9 ¥2 Mar
10%, Jan
10
Co—
Spalding (AG) & Bros
1st preferred—
72
100
10
Line
10
67
•
100
Royalty
x3%
111
25
—
preferred
New
Jan
108
10
original preferred——
preferred B
preferred series C__
Colorado
Feb
Jan
Edison—
5 ¥2%
Southern
Apr
2%
Apr
2¥a
——25
Line
Pipe
California
Jan
150
Jan
2 3/4
275
1
common
%
31
—
Southwest
Southern
320
Jan
1
common
1,700
27ft Mar
62 ft
19% May
1
1
Oil—
16%
32
245
*
Corp
Coast
233
1
Manufacturing
South
245
100
Co
¥4
229
£1
City
19
2
100
dep rets ord regis
Jan
29
5%
1
common
Manufacturing Co—
Singer
34%
30
26
Singer Manufacturing Co Ltd—
108 ¥2
6% Mar
•
common
For footnotes
_
III100
.
Perfect Circle Co..
Pharis Tire & Rubber
Philadelphia Co
"7ft
—2.50
& Power Co
Mfg
100
40
III
101%
preferred
Penn
20 ft
25
Pennroad
Penn
20 ft
*
A
Jan
106 ft Mar
96 ft Jan
Jan
26
•
Simplicity Pattern
80
20 ft
l
~~io
..II.l
1»
Co...
preferred
14% May
3 6 ¥2 Feb
5
*
Parker
convertible
$3
14 ft
25
pfd
Pacific
&
...
15 ¥4 Mar
U May
Field Inc
Roosevelt
17 ¥4 Mar
III
Apr
2.800
12
,_-50~
i7a
x40¥s
.:
5
1
Roeser & Pendleton Inc
Apr
Jan
-
109
79ft
5%
11%
900
1
Rio Grande Valley Gas Co
28
11%. Jan
65
12
100
18 Va
2¥a
Radiator
Richmond
Mar
Jan
2%
ft.-
¥2
16%
warrants
Mar
21ft
70
,
¥2
17%
l¥a
14
10 ¥4 Mar
13Jan
—
13 ¥4
•
4
Jan
102
109 ? 109 ft
1¥4
13 ft
24%
Aviation
Dry Goods
Stix
35
Jan
7 ¥4
<
109 ft >
1%
•
Co
Reliance Electric & Engineering
Jan
100
pfd
United Filters B
Omar lnc
6
Jan
—
--
common—50o
Oil Co
Roller Bit
Reed
May :
11
Manufacturing
Red Bank
20% Mar
108
3%
100
Gas
Jan
6¥a
v.-
1
Raytheon
'60 ¥2 Mar
100
common
Natural
7 ¥4 Mar
400
V4
•
100
-•
Co
Railway & Light Securities
Voting common
10
Railway & Utility Investment A,
1
Rath Packing Co. common
—10
Raymond Concrete Pile common
•
$3 convertible preferred
<
•
Rice
200
•ft
114 ft' 116
*
preferred
Oilstocks
Oliver
7ft
Feb
Jan
R
Republic
Jan
•
common
preferred
Service
Feb
3 ft
Jan
400
l
Radlo-Kelth-Orpheum option warrants.
Jan
Jan
25
preferred
Power 4V2%
,Jan
9,400
77
Jan
19% Mar
%
4
B
2
12%
5%
600
U
Zs
Jan
25
•
class
:
62% Mar
29"% Mar
114
59 ¥4
4%
...100
Corp
Co
14 ¥2
13%
.100
;
Power
Apr
vl8ft Mar
35 ft- Mar
pfd.100
class A
Ogden Corp common
Brass
3 ¥2
2,800
Segal Lock & Hardware
Seiberling Rubber common
Selby Shoe Co
Ohio
Jan
7% Mar
preferred
•ft 2 V*
"•200
50
preferred
Novadel-Agene
Jan
•
1
Co
Power
5% "Jan
5
Public Service 6%
Northern States
4 ¥4
Jan
40%
Jan
400
50
Airlines
RR
1,300
Apr
of Colorado—
6%
54
300)
•
Cehtral Texas Oil
Penn
11 ¥2
Gas
Quebec
Feb
Apr
1,100
=
3%
•
prior preferred
Nor Indiana
61%
lift
106 ¥4 107
1
Quaker Oats common
Mar
47ft
1,500
19
3
common—1
;
American
ft 11
'
18 ft
3
North American Rayon class A
Class B common
Northeast
1 ¥2
7
104
30
100
Nipissing
Northern
8 ¥4 Mar
Jan
13 ¥4 Mar
87 ¥4
3
625
-ft
55% -55%
1
North
Jan
Jan
18
ft
♦
6ft
175
ft 107". 108
1/128 1/128
preferred
preferred
2¥a
7
"7
mil
America
$5 prior preferred
Apr
Apr
6ft May
-
100
Nineteen Hundred Corp B
$6
1% Jan
1,300
43
1st
Root
pfd.100
preferred..:
North Amer
9 ¥2
4%
300
1
Mines
1,300
8
26 ¥2
Pyle-National Co common
Pyrene Manufacturing
»'
Niles-Bement-Pond
Noma
Jan
Mar
1,400
optional warrants
optional warrants
A
26
111
•
shares
Niagara Share class B
Class
-3% Jan
700
ft; 10
ft 100
10
preferred
Class B
1,600
:
10
Niagara Hudson Power
2d
4
8ft
pfd
Class A
Feb
7%
preferred—100
Shipbuilding Corp—
5%
lft
•
N Y State Electric & Gas S5.10
N Y Water Service 6%
5ft
1ft
6%
—
Rosario..
&
Founders
Jan
6%
•
warrants
Light 7%
preferred
$6
Jan
2
Jan
85%
1
Merchandise
Power
11%
900
29
•
common
Honduras
&
Y
Y
500
X112
25
Land
New Process Co common..
N
13 ft
37/a
•
New Idea Inc common
N
Jan
27
100
Co
N
Jan
Mar
8%
•
N
17ft
12% Mar
125
ft
~6%
100
New Jersey Zinc
New Mexico & Arizona
Jan
59 ft
61
1
*
Puget Sound Pulp & Timber
21 ¥2 Mar
~6 %
•
preferred
Clock
12 ¥a
Jan
/ .I 7
Jan
13 ¥4
7%
England Tel & Tel
Haven
12
Jan
II ¥2
•
New
Apr
9%
•
England Power Associates
6%
Feb
Feb
X112
Nestle Le Mur Co class A..
$2
58
Apr
5
.
New
Jan
Apr
"1%
.100
Corp
Neptune Meter class A
New
Apr
18%
3,300
9ft
13
1%
¥2 Mar
12
ft
300
Jan
7%
5 ¥»
of Nevada
Common
Jan
44
14
10
800
12
20.
-9
•
(Herman)
100
35
Jan
Feb
11%
8,600;
19
30o
preferred.
Corp 1st pfd
Nelson
9%
29 ft Mar
33ft
'
Co
Nebraska Power 7%
12
12
19
10
National Transit
Jan
12
1,400
lift
12
*
•
Jan
Feb
4¥2
13%
lift
11%
Jan
37¥2
5
preferred
7ft 1st preferred
Puget Sound Power & Light—
Jan
50
♦
Ltd
Refining.
.30
35
13
ft
•
Machinery.
Car
National Sugar
,
1%
.Feb
35
13
•
—
17
Jan
28
50
National Mfg & Stores common
National Refining common
Tea
V/2
7,000
_•
;_50c
common
National Fuel Gas—
National
1ft
1% '
25
National
National
$3
1%
•
preferred
'
14% Jan
1
common
22%
common
of
Corp
Service
6ft
common
1,800
Co
Inc
Metals
Pressed
Public
•
Hess
27 ¥4
15 ¥2
—10
Gold Mining
Prentice-Hall
N
National Bellas
Apr
7%
-7.50
—
common
& Lambert
Premier
Jan
Scale
Providence
National Breweries
5 ¥2
of Canada
Pratt
1
Alexander
100
Corp
600
1%
8
.—10
Prosperity Co class B
Nachman
1%
—25
Polaris Mining Co
•
8%
6%
31% Mar
IIIso
Feb
¥4
High
25
15 ft
*
Meter
RR
1 ¥2
9
•
■
—
Postage
18%
Feb
Jan
Low
32 ¥2
26 ¥2
26%
•
I—II
Ltd
Mines
1,500
203ft
13
_
Pittsburgh & Lake Erie
Metallurgical
Pittsburgh Plate Glass—
Pleasant Valley Wine Co
Plough Inc common
2¥a Mar
73ft
173
-IIIII
common—
common
Pitts Bess & L E
Range since January 1
Hiah
32 ft
25
pfd-,
Jan
16 Va
25
Gold
Pitney-Bowes
4 ¥4 Mar
7%. Feb
.
Governor
Pioneer
Apr
Mar
Low
Shares
6ft
13/4
'
13
Pierce
May
22
xl67Vi Mar
300
,
Muskegon Piston Ring
Securities
Feb
-
320
*
Murray Ohio Mfg Co_.
Phoenix
for Week
of Prices
Co
6
20
IlOO
1%
'
<y-; uii« -'
.--•J
-iV
,
x5%-
common.
.'•'
30 ft
1%
.
x53ft-
r.
18
•'
—10
—
-
-
Packing
Feb
•'
■V
—„
DC
2%
Phillips
Apr
Sales
Range
Last
Par
Phila Electric Power 5ft
May
10 ¥4
Week's
Friday
Exchange
Sale Price
20
Jan
-
30 ft
Moody Investors
153ft
3,100
170 ft
16
partic pfd——.
Mtge Bank of Col Am shs
Mountain City Coppor common—
'
—
—L
Curb
10 ¥2 May
8% Mar
1,400
3%
169
169ft
14
•V
3,200
21
3%
i
,•_.
-
—
600
9%
9ft
*
Dakota
Montana
V
9ft
1
—
Z
York
High
97ft
10 ft
Corp
STOCKS
50
Mock Jud Vobhringer common—
Molybaenum
12
Range since January 1
102
Missouri Public Service common..
Monarch Machine Tool
MAY
New
Shares
High
102
.2.50
ENDING
for Week
Last
Exchange
FOR WEEK
Sales
5%
42 ¥4
■
42
~9%
6
42 ¥2
1,300
30
5 ¥2
40
Apr
Jan
% Mar
200
¥4
Feb
6 3/4
45
Jan
Jan
& Feb
tV Feb
.
THE COMMERCIAL &
6
FINANCIAL CHRONICLE
NEW YORK CURB
of Prices
Sale Price
Low
Par
(Ohio)—5% pfd
Standard Power & Light-
1%
4,200
9V4
300
X20%
21%
350
18 %
18 %
100
x20%
17%
Apr
Jan
%
1,800
8V2
7%
400
1%
1%
1%
1%
141/2
5%'
13%
5%
Jan
.50
43%
.20
;
13%
lB
.-1
._1
Jan
ft; Jari
800
10
12
9
11
10
10
110
110
—
__
6 Va
11%
Apr
Jan
Jan
■■ft 3% Jan ft;
ft
14
13 % May
11%
13%
13,700
9%
Preferred
6 %
Wright Hargreaves Ltd
—
9%
1,000
7% Jan
10
2,200
2%
~3%
—
—
2%
*
10%
2}£
BONDS
York
New
Friday
Interest
Exchange
Curb
5
May
100
500
1%
Jan
£% Feb
150
8%
Feb
11% Mar
Feb
•
••*
"
%
Feb
28%
28%
150
20%
Jan
34
17%
17%
300
17%
Jan
19% Mar
Apr
II
12%
Jan
15
.50
preferred
51
Feb
52%
Apr
15
Apr
15%
Apr
Apr
11
class B com—
Period
Last
Week's Range
or Friday's
Jan
Mar
High
Low
,
10
11
9%
200
May
January 1
High
Low
f
debs
-1950
J-J
1Q2%
105
3%s
s
f
debs
..I960
J-J
108% 108%
3
106
108%
3%s
s
f deos
-1970
M-S
108% 108%
4
107%
109 Va
-2016
J-J
104 Va
51
103%
2%s
Amer
s
Amer
deb
Lt
&
Pow
Writing
Pr
3-D
3-J
108 % 108%
-2024
A-0
5s
-1956
J-J
4%s
-1953
Lt
&
85%
-1948
M-S
23%
23
deb
4%s
Elec
&
128
104%
106
101
79%
23%
J-J
4%s
Gas
125%
24
85%
28
23
29
29 %
104% 105%
deb
SAssociated
107% 108%
$ 125 % 126
104%
84%
Elec
Associated
104 7/a
101%
99
199% 100
-1970
3%p.
Pow
Appalachian Pow deb 6s
Arkansas
104
104
-1961
6s
Paper
Elec
Appalachian
6s
tl03% 103%
A Conv
11
Sold
ft No.
American Gas & Electric Co.-
A Conv
18
Jan
Range Since
Bonds
Sale Price Bid & Asked
Feb
1%
10
Mar
—
2%
May
10%
1%
10
Apr
4
7
Jan
Mar
111
3%
110
—
Apr
47/a.
,47/8
1%
*
Oil Corp
Swan Finch
11% Mar
5% Mar
__
Mar
4
Feb
100
Jan
13% May
8% Jan
Jan
~
Apr
9 % Mar
Apr
52
Jan
Is
—
conv
11
—
Be
£1
receipts
deposit
May
17%
Drug Co
2,200
10
3
1
Petroleum
(F W) Ltd-
American
6 % Mar
%
-1
Machinery
Sunray Oil 5%%
11%
8
500
17% Mar
55
ft 15
Jan
150
14
97/s
47/a
Co
Superior Port Cement
8%
13%
Jan
28%
Sullivan
7%
Cement
Jan
Feb
8%
—
18
•
-
Corp
(Si
&
Jan
Woolworth
ft
Jan
5
300
Woodley
1%
Apr
it Feb
900
400
15
Jan
Jan
Mar
,9% Mar
Jan
8
13%
pfd—100
10
Portland
% May
1,500
Light
Power
%
—
—
High
ft LOW
*
Wolverine
%
—
1
Winnipeg Elec common B
Wisconsin
71
Jan
High
•
Heating
Inc
Products
Willson
Co
Mar
114
Jan
54
Apr
&
18% Mar
Feb
108 %
500
69
8V'4
111
common
Stroock
Rav
(R
Oil-O-Matic
19%
53% Mar
preferred—
5% 2d preferred—
Sterling Aluminum Products—
Sterling Brewers Inc—
—
Sterling Inc
:
Sun
67. %
"♦
1st
(Hugo)
Williams
Williams
ft Apr
..1
trust ctfs
& Co common
Sterchi Bros Stores
taurines
ft
Apr
C)
Range since January 1
Shares
16
1
Apr
2% Mar
Jan
Low
10
*
Oil Corp
River
of Prices
10
Weyenberg Shoe Mfg
Wichita
Sales
for Week
Range
_ft.Par
Inc
17%
Jan
2,000
.-1
(A)
6) Co
110
'A
6lVi
"III
Tube class B
(J
110
Jan
Mar
23
ft 18% Jan
16
'.-ft\.IWestmoreland
10%
ft
Jan
100
17%
17%
17%
—1
(The) Corp voting
Stetson
ft Feb
6
«
Products Co
Jan
|2
^
;—••
Steel Co of Canada
6%
4
1
—
—
•
—
Standard Silver Lead—
Stein
2%
.
B
Preferred
Standard
100,
1%
-100
Standard Oil
Starrett
3%
9
$1,60
Standard
4%
1
common.
—20
convertible preferred
—10
Standard Oil (Ky)
Standard Dredging Corp
Common class
3 % May
1%
1
Standard Cap & Seal common
—10
Convertible preferred----
100
Week's
Last
Sale Price
High
V
3%
9
.2.78
Co
Brewing
Low
High
3%
3'/a
Friday
/
Exchange
Range since January 1
3«/a
Spencer Shoe Corp
Siatil-Meyer
Inc
Standard
Shares
Curb
York
New
for Week
Range
Curb Exchange
STOCKS
bales
Week's
Friday
STOCKS
York
EXCHANGE
FOR WEEK ENDING MAY 13
RANGE
New
Monday, May 15, 1944
85%
Co—
Electric Co common
Tampa
Technicolor Inc common
Texas
Tilo
& Land
Oil
Shovel
Thew
Co
Tishman
117
6%
5
5% May
Jan
400
23%
Feb
25
Mar
17,800
12%
Jan
16
May
20
114%
Jan
119
May
6
6%
Mar
Jan
6%
800
21%
150
19%
Feb
7%
1,600
6%
Jan
7% May
51/2
6
1,600
1
Jan
57%
59
130
4
100
71/4
51/2
•
__
Amer
dep
Amer
ord regis
4
57% May
3% Feb
11%
11
9%
200
•
7%
Apr
60
Jan
4%
Jan
7%
Corp
1%
Jan
109
109
20
58
Feb
20
60%
60
;
__
108
Jan
109%
Feb
Apr
115
Jan
62% Mar
jj Jan
3%
—10
Transwestern Oil Co
Jan
11% May
113
•
100
100
1
1
Shipyards Corp
Edison 6% preferred
preferred
Tonopah Mining of Nevada
Toledo
Feb
1%
11%
„——
Todd
Lux
22 Va
22
3%
1,900
3%
Apr
22%
3%
1,900
18%
Jan
IS Apr
4%
Jan
146
23
23
24
72
23
29%
5s
-1968
A-0
23%
ft 22%
23%
104
23 Va
29
5%s
-1977
F-A
23
23%
13
Assoc T & T deb 5%s A
-1955
M-S
90%
91
Atlantic
-1964
M-S
108% 108%
-1947
J-D
$98
.1957
J-D
114%
.1960
M-N
119%
.1998
Q-F
deb
AConv
Avery
City Eiec 3%s
& Sons
warrants
%
%
Tung-Sol Lamp Works
80c convertible preferred
1
ft
6
•
11 y4
!§
1,300
11%
Mar
300
1
% Mar
10
Apr
1,400
6%
6
11%
4
Jan
Jan
Jan
10%
7%
11%
Jan
Bell
Telephone
1st
M
series B
5s
series
5s
Realization
Ulen
of
Gas
Aircraft
$5
700
5%
2,000
Central
El
111
7%
7%
■■■V- 1%
1%
88
series
6s
United Gas Corp
—-
Cities
Service
deb
preferred non-voting
class
_•
Milk
United
rW
....
3
•
Products
ft
Amer
ft,
&
3%s
1st
ref
Feb
1st
ref mtge
Gas
9%
Apr
Feb
series
32
1%
6,500
1,050
Feb
Va
1,900
May
Feb
16% Mar
3
Mar
121%
U
S
U
S
$5
U
Jan
Elmira
1st preferred
Rubber
S
ft Jan
ft Jan
Finland
Feb
-
Jan>
37
•93
Feb
Wall
United
Apr
4%
Universal
Cooler class A
General
Pub
Apr
Alden
Pictures
_
Products
Apr
1%
Jan
330
78%
Jan
3%
400
2%
Jan
3% Mar
fis
1%
200
1%
Jan
2 Va Mar
Illinois
% May
2%
90
Jan
14'A
14'A
100
12
Feb
8%
200
7
Mar
2%
Jan
Apr
14% May
9
'
Apr
Utah-Idaho
&
Ills
Sugar
Utah
Power
R^dio
56
nil
Products
6%
21% Mar
23%
300
18%
Jan
26
23
18
Jan
100
Jan
24 Va Mar
27/a
6,800
2%
Jan
58 %
700
51%
Jan
3,600
6%
7V4
2,700
l'A
Utility Equities common....——. -10c
1
$5.50 priority stock———.
l'A
400
79 %
79%
150
1%
20%
4
.
Jan
1% Feb
74%
Jan
.
3%
61
Mar
Jan
$4
r.onvertiole
Venezuelan
preferred
5
Petroleum..
1st
.100
38
10%
10%
135
134
x9
7% May
1% Jan
79% May:
174
38
10%
136
100
30
1,200
1,380
1%
27
8%
105
Feb
Jan
Feb
Jan
2%
40%
11%
136
Apr
Apr
Apr
May
9 Va
1,000
8
Feb
9%
Apr
W
Aircraft
Co..
•
7%
ext.I*
preferred...
Class B
n
Western
94%
100
10,
...
Air Lines
Inc
—
17%
4%
Westmoreland Coal
footnotes
see
20
.
page
1997.
100
4Va
4 Va
700
3%
Feb
9% Mar
94% May
94% May
Jan
18 % Mar
Feb
1% Mar
Jan
18% Mar
15
3%
—
ml
Jan
Apr
Feb
4% Mar
110%
Feb
'
8V4
8%
3,900
5%
Jan
8%
8%
8%
1
Maryland Ry t% l~st~pfd"T6o
Western Tablet &
Stationery con ~
•
17%
Feb
108
Western
For
94%
3Va
3%
1%
94%
3%
•
"III*
Wayne Knitting MUls
" ""
***""b
Wentworth Manufacturing
f~23
West Texas Utility $8
preferred™" ' ♦
West Va Coal & Coke
111*1115
96%
101 %
104 Va
123%
68
10
9
-
98%.
98%-.
102
123
102%
106 Va
103
106%
58
601/4
J-J
Pow
100%
100%
J-D
106
103
103
104
103%
98%
100%
106%
106
J-D
105
103
103
"2
101
108'%
103%
106%
98
69
100 Va
101
69
J-J
1966
"l
$100 Va 100%
J-D
1958
100
106
$97
6s
37
110
$103
103
deposit
West
100 %
$102
F-A
1950
—1963
1945
3%
98%
101'
101%
3
$ 103 % 103%
J-D
1950
stpd
97 Va
63
4s
5s
38
102
$__
M-S
64%
2
•109% 109%
70
109%
111
Jan 1949
A-0
102
105
1949
A-0
105,
105
ft 105 ft
~4
102
105ft
1953
A-0
106,
106
ft 106%
32
105 Va
107%
C
1956
J-D
105 ft
105 Va
16
105 ft
106%
105
105
Jan
series
$ 104 % 105
Corp—
5%s series B——-—1957
M-S
1958
M-N
1950
1963
J-J
99%
99%
F-A
99%
99% 100
Hydro-Elec
5s——
Indiana
Service
5s
& ref 5s
1st lien
Indianapolis P
;
—
'
ft. 3
99%
104
105 %
102%
103%
18
93%
100 Va
23
93
100 y*
$102% 103
8%
400
7%
Apr
9% Mar
112
112
10
Apr
19%
19'/a
100
Jan
120
Mar
18% Mar
20
Mar
84
26
27%
225
23
Jan
27% May
107% 107%
M-N
;—1970
3%s
& L
15
international Power Sec—
A6V2S
(Dec
A7s
A 7s
(Aug
series
1955
.1955
.
1941
1
E
series
ft A7s
C
series
A6V2S
coup)
..—1957
;
1941 coupon)
—1957
F———————1952
(July
Power
6s
Superpower
21%
30
25
F-A
287/a
25
J-j
$27
25
28
23
1
22%
24%
92%
93%
91
88%
95%
J-J
69
69
70%
41
60
77%
2874
287'a
25
1968
—1965
—1966
J-J
2022
108% 109
120
J-J
—••
1970
J-J
1966
A-0
—1948
1971
'
'
F-A
Dist Pow 3%s
61
Mfg—
4s
G
series
i
120
111% 111%
Extended
at
RR—
4% to
Gas Light
4%s
&
ref
T
120
122
1
111%
112%
5
V
107
108'A
Mississippi Rivpf Pow
Nebraska Power
6s
New
series
1st 5s„
Ltg 5s
.1965
M-N
M-N
1945
J-J
102
107
--
M-U
99%
102
106
106%
lit)'A
102%
108
HO
108
106'A 107
108
102
103%
102%
102% 102%
62 Va
69 Va
107%
107% 107%
5
107%
108%
103% 104%
3
103%
106
A-0
—1967
$66%
69
Gas
J-D
J-D
106% 106%
1
105%
108
J-J
103
403%
7
102%
104 3A
M-N
105 ft
105%
13
105 ft
110%
101
101%
9
100%
1957
1951
—1943
—1981
.2022
4%s
A
Amsterdam
106
108%
.1955
5s.
Mississippi P & L 5s
Nassau & Suffolk
$107
108
i—1978
Minnesota P & L 4%s
1st
A,«;/
—
108
35
109
107
,
..—1963
Petrol 6%s
Midland Valley
Milwaukee
<
'
28%,
107%
106%
17
$107% 108%
M-S
1969
Light 3%s
-.A,
109
M-S
J-D
Kentucky Utilities 4s
Middle States
29
23
Electric 6s
Radiator
25'A
93
_
'
superior
28
24
$27%
—1957
5s
Jersey Cent Pow & Lt 3%s
Kansas Electric Power 3%s
Kansas Gas &
25
28
23
__
$25
24
J-D
J-J
1952
coupon)
6s
Kansas Power
•
106% 109
—1952
1941
'
—
98%
M-S
stamped——^
Metropolitan Edison 4s E_.
14%
tOG
Waitt & Bond class A
93 Va
J-J
1965
6s
7%
'.-J, •,'/
178
J-D
1941
& Light
5s
& ref
1st
Indiana
McCord
Waco
97 Va
96%
ft; 58 V# 58%
A-0
Lake
X9
m
Wagner Baking voting trust ctfs
90%
6s series A
ref
&
Altallan
1%
38
—1
Virginia Public Service 7% pfd
Vogt Manufacturing
5
1948
1978
B
Debenture
*
103'%
97Va
.
103 Va 103%
103%
M-S
4s
of
&
Power
1st & ref
Feb
y
—1
120
99
105% 106%
& Pwr 3%s
series
Interstate
common
125
99
120
—1953
Hygrade Food 6s ser A
A7s
Valspar Corp
122
108
123% 123%
23% May
23 ]A
2%
.
Feb
55%
2%
Light $7 preferred—
20
23
"
2% Mar
100
22%
22%
Jan
21%
23
23
2%
100
21%
1
5
8
102% 103%
M-S
:—...1961
Products
Certificates
86%
2,000
1
104
M-N
4%s series A
Mountain
Apr
27/a
«
107%
102%
110
M-S
A——1969 ft
5s
West
Grocery Store
1%
...
:110%
105%
.1954
—
Green
3%
•
102
109
110
—1952
El 5s
Jan
Houston Lt
74%
Feb
2%
_r.._
Co
Grand Trunk
Guantanamo
2%
-
102%
118
107% 107%
$123% 127
104
104%
Service 5%s
NOr Power
44% May
Apr
ft.
98'A
118
$103% 103%
J-D
F-A
Great
6% May
9% Jan
ft
common
Voting trust ctfs.__
Utah
Jan
6%
7,000
-10
110
J-D
95%
Coal
Jan
%
...
J-J
96
(Adolf)
Jan
'
6
120
M-S
Mar
2%
Insurance
Universal
%
7
%
ftft-.*
100% 101%
$118
A—„—1956
Georgia Power & Lignt 5s
5%
—
100% 101'A
97%
1944
5s
Serv
4%
Jan
ft
—10
103
72
97
.Gatineau Power 3%s
10,600
69
8%
—.
102
".98V4
Residential Mtge Bank—
6%
B
Universal
Feb
2
Oil
Consolidated
Universal
%
6% Mar
%
Paper
Universal
Class
100
Isoo
United Stores common
105
99%
217
97
stamped
6s-5s
5%
86
r 79
,.100% 101%
J-D
District
Empire
775
■
ft
104
i'
$101% 102
101%
67
104%
100%
2030
400
3%
45 Va
101%
M-N
—.1958
~6%
86%
44%
100'A
98
2
101
A-0
Light 5s
6%
•
A-O
& RR 5s
9
IIIi
107
63% Mar
x43 % Mar
*/
with warrants..
Reclaiming
"
F-A
&
Feb
Feb
90
•
Securities..
86
69%
103'/a
103
Power
72%
6%
67
104%
F-A
Federal Water
Apr-
500
—5
common
International
Radiator common
S
71
6%
1
common—.
class B-
Graphite
and
U S
U
Co
%
7
«,
Specialties
Foil
71
1
104'A 104'A
M-S
Water Lt
Electric
May
%
51
4
%
1
T, 37.,'
A-0
5s
Eastern Gas & Fuel 4s ser
Glen
common- -25
..25
Preferred
United
136
M-N
Tobacco
Cuban
% Mar
Mar
ib
1,400
ft
ft
Apr
Xll4
3,400
•ft—, "ft
7
40%
1958
Continental Gas & El
1%
! '
..10
i
3 6 V2
1954
AConsolidated
Mar
ft; "ft ft May
6,100
Va
53
.250
Profit
997/a
105V4
Textile 5s stmpd—1953
Mar
100
10%
102%
10
82
(Bait City)—
17
gAGobel
Sharing
preferred.
United Shoe Machinery
Gas
AGeneral Rayon Co 6s ser A
__
104 7/a
103 Va
'ft: 2
100
106'/a
101%
94% Mar
-
-
United N J RR & Canal Co
United
3s ser P
2%s ser Q
62
33%
ft
150
102
39%
$102
68%
A-O
1971
1969
1976
N_;
mtge
Jan
%
51
5
120%
105%
(Bait)—
mtge 4%s
Gen
M-S
J-D
1951
A
7s
Pr
Jan
'/ft:fti,.ft
ord" regis;
dep
Lt
Feb
Jan
iV
A
„•
Ltd—
Co
El
May
80%
3
"
Molasses
Pr
7%
340
•
preferred
participating
United
&
6%
2% Mar
3 2
51
•
46
102%
100
J-J
1969
5s
3
•
ftft
'
39'A
40%
1958
5s
Jan
Feb
114% 116'A
•
33
B
preferred
1st
1%
:
M-S
1950
Lt
Feb
16
Option
warrants
United Light & Power common A
Common
H-*
f1
w—
38%
39
1966
Jan
5s
5s
Jan
1%
-
common
J-J
1955
Consol
17,300
32
—
III
—.
ft-' •'
150
102'A 102%
J-D
—1927
1952
Ry 5%s A
B
Feb
1%
3
warrants—,
'•
' '
115'A
119
-mm-m
105% 105%
M-N
1948
5s ctfs
§AChicago Rys
Cincinnati St
4
89'A
87
J-D
Central States Pr & Lt 5%s stpd—1953
14%
,10C
ft
114,
10
'■
102 7/a 103
1953
A5%s
109
102
102%
1964
3%s
§ACentral States Electric 5s
Jan
7%
2,300
$106
M-S
5s
Power
59
«
United Elastic Corp
$3
8%
—
-ft
9
114'A
114
119% 119%
A-0
.1968
.1970
Gas
&
2%
common
95 %
108 Va
"
--
—
$150'A 170
1954
Northern
Canada
4%
&
uorp
$7
2%
.1962
2%s
Edison
Consolidated
participating pfd
nigar-Whelan Stores
Umtea
$6
2%
5%
1,200
—
preferred
1st
2%
5%
5%
common
Chemicals
cum
United
3%
Products.;
United
United
$3
3%
Canada
Investment
Union
————*
6%s_,—:
Debenture
3%
.10
6s
Connecticut
10c
Corp
Manufacturing Co
Unexcelled
Union
_—
C
Birmingham Electric 4%s
Boston
29
85%
107
1
of Canada—
Bethlehem Steel
Debenture
U
__1
8
•
warrants
without
5s
Conv
Udylite Corp
F.)—
(B.
90%
23
23% Mar
9% Mar
Tri-Continental
24
23%
Bickford's Inc
dep recs def r*g
rets
23
F-A
x23 % Mar
6
211/4
7%
•
Exports
100
Security Trust Co Ltd—
Tobacco
Trans
117
__
21V4
Stocks
Allied
Product
16
2
^Construction
Realty
&
Tobacco
Tobacco
14
5
1
1
Co
common
Inc-j»
Roofing
24
5%
24%
15%
100
pfd
Light 7%
&
Power
Texon
24
•
.
5%
—
J-J
-1950
A Debenture
1
•
Taggart Corp common
-1949
AConv deb 5s
5s
1948
F-A
J-D
M-S
J-J
105£
101%
$109% 110
108
111
$118
116
118
111%
113
120
$111% 114
♦"tfWV!f" frfr-fT*
THE COMMERCIAL &
Number 4281
iVolume 159
New York
Curb
Last
Period.
Sale Price
New Eng Gas & El Assn 5s
—
,-1948
;
1950
England Power 3Vis
1861
England Power Assn 5s_.—.—1948
M-N
—
Conv
New
New
deb
5s
—
Debenture 5 V2S
New
Orleans
AIncome
N
Y &
6s
Y State
N
mtge
Public
28
72%
81%
Toledo
81%
Twin
80%
79 %
49
107
1108 Va 108 Vis
102
101
72%
—-101% 102%
J-D
M-N
J-J
104 Vi
United
97% "102%
United
Electric
N
Light
Power
&
United Lt & Rys
United Light & Railways
*2
110%
;86%
6
103%
104%
104% 104%
109
J-D
A-0
109% 109%
8
108
109%
6s
series
-
$106
(Delaware)
Low
100%
110% 110%
93 Vb
A-0
F-A
95
1948
1964
95
6
105%
104%
14
107 %
109 %
99% 100%
96%
101%
29
110%
5
107%
109%
103%
5%s_1952
(Maine)
A-O
103%
"'107
104% 105
48%
49
6
102%
14
103%
'"1
40
3
104%
105%
103% 103%
84
114% 114%
1
103
A5s
1952
"
.F-A
M-N
106%
Af-N
J-D
1970
1972
108
J-J
F-A
108
13
109%
income
107%
113%
115% 116
.
11
Hl'% 116
.1954
Electric
Penn
M-S
38%
38%
Traction
Rys
Co
5s
150
24 %
45%
$107% 107%
107
109
$109% 110%
108%
110%
A-0
108
107
109%
.1960
5s
J-D
J-D
.2030
5s
6s stamped extended to
IA York
41%
.1951
.1964
J-D
114% 114%
114%
118
F-A
$99
100%
101%
1959—.
stpd
F-A
95%
108
101%
95%
14
95%
.1937
J-D
J-D
100% 100%
85
$98 % 100
.1947
AStamped 5s
95%
96%
100'
96%
"2
100%
:
107%
100%
115%
117
106
dsbs.
Power 3%s
Newspaper Union—
unstamped extended to 1959-.
6s
108%
21
113% 115
Penn
West
108
1
4f-N
Western
107 %
106
10
102%
108% 108%
115
105%
106%
106% 106%
$109
111
2022
Ry & Elec 4s
West
"
1977
104%
114%
—
A
Wash Water
49 '
.
108 %
Waldorf-Astoria Hotel—
Wash
103% 104%
104%
J-J
111%
104
.7.
Utah Power & Light CoDebenture 6s series A
106 Vi
108% 109
109
F-A
.
95
105% 105%
v
F-A
„
115%
High
101%
$111% 112
A-0
January 1
1
,109
J-D
Range Since
Sold
No.
104%
1st 5s
1979
Pennsylvania Water & Power 31/4S_1964
1962
11-9
107
1950
J-J
101 Va 101%
'v ;;3-;
1956
M-N
106 % 106 Va
14
106
111%
1961
A-O
108% 108%
4
108 Va
111%
1959
Af-S
8
92%
99
1st mtge 3%S
1964
J-D
108
108
2
106%
109
Sinking fund deb 4s
1949
J-D
1G5
105
y-'-j 2
104%
105%
M-N
151
151
2
137%
151%
Portland
5s
Gas
4'%s
1
'
Edison
E
5s
F—.
(Can)
Corp
107
Co—
extended
series
Power
Coke
&
stamped
Potomac
4Vis B
108%
; -
98%
98%
98%
Foreign Governments & Municipalities
Public Service Co of Colorado—
Public
Service
of
New
Jersey—
6perpetual certificates
Queens Borough Gas Si Electric—
.5 Vis
Safe
series
Water 4%s
Real
Estate
4 Vis
Sheridan
South
Power
Southern
California
Southern
1st
Edison
mtge 3s
111
127
128
"
<;
—
;%
$72
80
$89%
91%
"
.73%
80
A-0
A-0
103%
103% 103 %
38
86%
103 %
105%
A-0
103%
103% 103%
22
103%
J-J
104%
M-S
1970
A-0
A 20-year 7s
Bogota (see Mortgage
1971
ACauca
105 Va 105%
~3
105
105%
J-J
37
104
105%
1
107
109
ALlma
104% 104 %
11
103%
72%
104%
a
F-A
F-A
$108% 108 %
106%
108%
Af-S
$103% 1041%
103
1989
M-N
Spalding
(A G)
Standard
Gas
6s
deb 5s
6s
6s
Debenture
6s—
Standard
AStarrect
Stinnes
(Hugo)
A
(Hugo)
2nd
Texas
6s
93%
94 Va
34
86%
97
A-0
94%
93%
94%
83
87
97%
1951
F-A
94»/8
56
86%
97%
1966
J-D
94 Va
21
86%
97
1957
1957
1950
F-A
F-A
A-O
94%
85
86%
6s
1946
of
deposit
93%
93V2
4
86%
30 'A
16
29%
21
J-J
21
19
21
20
—1960
5s
$21Vi
A-0
106
J-J
1956
M-N
2022
Light 5s
A
105% 106
J-J
33
105% 105%
$118
120
106%
105
108%
117%
118%
J-D
M-N
$68
1953
F-A
$61
1952
J-J
$17%
M-S
$21%
M-N
55
23%
1958
54%.
20
6%s stamped_1958
High
55
1
54
19%
21
City
(Peru)
7s
7s
21
7
16%
21
62
72%
60
63%
70
—
1951
36
J-D
A-0
1927
$36%
$36%
1958
M-8
1959
J-J
1919
J-D
1921
J-J
(State)
de
Janeiro
ARussian
A5
%
7s
6%s
Government
6%s
s
•No par
rCash
value,
sale,
x
Deferred
a
36%
18
25
33%
10
22
34%
1
25
25
21
17
36
Af-N
AParana
A Rio
19%
37
1947
1927
J-D
24 %
104%
9
*
Low
51 %
__
1948
1972
20
22%
25
$54
J-D
37
/
-
January 1
No.
55
1931
96%
29%
30 Va
941%
93%
"tr'~
.
94%
93V4
i
94V2
93'/4
-
—
1946
Service
&
Powei
1
A-0
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
97
Dec
stamped
series
90
delivery sale,
<
no
„
36
—
16%
16%
$60
5
37
16%
36%
33
37V2
6
71
37%
34
37%
17%
58
68
$37'/a
6%
38
6%
•
.
e
7
106
3%
7%
61/4
d Ex-Interest,
Ex-dividend.
,$Friday's bid and asked prices;
A Bonds being traded flat.
§Reported in receivership.
Industries—
Electric
Texas
83%
Range Since
Sold
High
J-J
6%s stamped
Alssue of May
A Issue of Oct
Corp—
Certificates
7-4s
5
94%
3d stamped
A7-4.s
Stinnes
87
81
A-0
—
debentures
Power & Light
Corp inc 5s
gold
85%
__
27
May 1948
May 1948
stamped
Debenture
6s
77%
Electric—
&
(stamped)
Conv
76
Bonds
1947
stamped
Mortgage Bank of Bogota 7s
104%
76
Friday's
1955
External
AMaranho
1970
8s
or
Bid & Asked
of)
5s_^
AMedellin
1951
L
Week's Range
Last
Danzig Port & Waterways—
105 % 105%
104%
Jan
Bank
5%s
Extended
107% 107%
2022
Rys 4s
Interest
Valley 7s
Danish
$104% 107
105%
92
Southwestern
&
Friday
Exchange
Agricultural Mortgage Bank (Col)—
A20-year
7s
April 1940
104%
J-J
.
Southwestern Gas & Elec 3 Vis
P
Curb
Low
105%
1965
3s
—
Indiana
Af-8
J-D
109%
'
■V
1957
Gas 3Vis
Counties Gas (Calif)—
8outhero
$111% 112%
$127%
1947
6s
5s
York
103
1951
California
Southern
J-D
98%
24
1970
Wyoming Coal
Carolina
,:'
102% 103
1967
D
series
102%
1951
Scullln Steel lnc mtge 3s
Shawinigan Water & Pwr 4%s
1st
A-0
1952
6s
BONDS
New
Period
—1979
Joaquin Lt & Pwr 6s 3
ASchulte
—.
1952
A
Harbor
San
•
J-J
1959
104%
43
1955
Philadelphia Elec Power 5%s
Philadelphia Rapid Transit 6s
Co-r-
Bonds
High
1952
5Vis
cons
107%
103% 103%
Friday's
or
1949
4s
111
Af-N
Pacific
3Vis
J
101%
6
F-A '
1968
3%s_.
109
14
J-J
Oklahoma Power & Water 5s
5s
1979
104%
104% 104%
J-J-
1971
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s
5s
City Rapid Transit 5%Sx
101%
109 Va 109%
Week's Range
Last
Sale Price Bid & Asked
108
95%
$107%
1962'
4s
Light
Power
Edison
84.
-
1968
ratge 3V*s
&
Water
93
101%
1954
Service
Power
81
1945
3s
1st
79%
1948
Utility 5%s
5s
1st
Ohio
1949
1964
Nov
4s
5s
Power
Tide
80
J-D
2004
A
series
Continental
Ohio
81%
1st lien &
Elec & Gas 3%s
Debenture
North
-
72%
Service—
Westchester Ltg
Ogden Gas 1st
-
77
101 Vi
.
•
Friday
Interest
Exchange
Low
81 Vb
-
Curb
High
79%
.
A-0
1954
Public
Low
80
Jf-N
5s
No.
High
York
Period
80
M-S
J-D •
—1947
13
New
Range Since
January 1
Sold
7
32
3%
7%
Odd-lot sale,
n
Under-the-rule sale.
.
sales being transacted during current week;
*v
-
•i'f,
Abbreviations used above—"cod," certificates of
deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust
certificates;
"w 1," wben Issued; "w w," with
warrants; "x w," without warrants.
OTHER STOCK EXCHANGES
I
Baltimore Stock
^Friday
STOCKS
Range
Sale Price
Corporation
Preferred
t
v
4%
t
v
•
c
100
1
c
Consol Gas E L
4%%
•
common
&
Power
v
Fidelity & Guar Fire Corp
Finance
Co
of
Amer
A
Pa
&
U S
preferred
Jan
67o
May
6%
Jan
43
45% May
Eastern
115%
109
1st pfd
SS
127
10
Jan
11
Mar
Employers
27
Feb
30
May
Engineers
1.00
1.00
2
1.00 May
2.00
Feb
31
79': ■
85
-
25%
80
84
25
100
2
31
85
25'/a
11
50
36%
36%
Fidelity & Guar
;—*
30
Jan
32
Mar
16
65
Jan
85
Mar
'10
81
Jan
85
Apr
543
24
Apr
26 %
65
v
63
Apr
64
9% Mar
11
63
10%
35
25%
63
common-——10
common
First
-•■■■"•■V.
163
305
35 Va
Jan
Inc
Royale
5s
series: A
25
32%
Jan
39% Mar
125
4%
Jan
6% Mar
56%'
66
66%
51
$31,500
59 Va
20,000
59
Jan
69
Mar
Mar
STOCKS—
::v;'
'
.
Sale Price
American
Tel
&
100
Tel™
American Woolen
Low
Par
'■
y:
American Sugar Refining
_100
*
;
Anaconda Copper
Range
of Prices
Stores
8
50
157
11%
305
12%
366
Low
157%
7%
25
2,189
8
25%
20
High
T
Feb
155%
39% May
159% Mar
Feb
Bird
&
Son
Boston &
Boston
pfd____100
Inc
*
Albany RR
13%
100
Edison
25
Boston Elevated Ry
Boston Herald Traveler Corp
Boston & Maine RR—
7%
'119% 119%
.100
13%
13%
111% 112%
35%
72
35-
36
67
7%
Apr
24 %
Feb
27% Mar
:"
10
170
113
?
Jan
11%
Jan
120
•
Apr
14% Mar
246
96%
Jan
115
32%
/'Jan
36
May
420
67
'Jan
74% Mar
20%
152
19
Jan
22 Va Mar
•
20%
20
36%
'36 •
pfd stamped
10O
Apr
Jan
202
35%
Jan
10
38%
31.18
Feb
13% Mar
Jan
41 Va Mar
_
36%
10%
75
Jan
11 Va Mar
1%
40
"1
Jan
1% Mar
30%
•
™5
common.*—
33.25 Mar
33
35%
1%
31%
480
30
Feb
32% Mar
■
33% May
1,830
7%
37%
Jan
3
3
100
2%
Feb
17
17
17
10
16%
Jan
17 Va
30%
—25
v
pfd——...-100
t c—,—
30
31%
130
23%
Jan
36% Mar
400
60c
Jan
100'
47%
1
3
RR
Mining
Button
3% Mar
Jan
Folding
Bhawmut
Stone
May
Feb
Apr
13% Mar
103%. Apr
108% May
11%
200
30c
Jan
46c
Mar
38%
40
287
25%
Jan
40
May
29 Va
29
29%
1,066
25%
Jan
30 Va Mar
1,020 1
86c
Feb
1%
*
1%
1% May
'
11
—■
III10
20
11
9% Jan
1
lVa
•'
k-**
"•
Webster Inc
&
$4 2nd
10%
39 Va
Assn.
Suburban
370
57
40c
—25
Machine
255
1% Mar
Jan
Jan
38c
—.—_.
Mach———
12%
7
1,250
106% 108%
107%
1—50
—
Co
Hole
10%
12%
■
•
;
57
1
10
.2.50
Mills
1
1
56
10
-10U
10
13%
.
1%
13%
65
8%
1,015
12 %
Jan
Jan
7%. Apr
8
8
91
91
91
100
90
Mar
33
33
12
Mar
l
Va Mar
13% May
9%
Feb
Securities—
Elec
preferred—
Torrington
—
United
6%
U
8
•*
Co
91
Mar
Fruit
Shoe
IIII5
—
Machinery
preferred
—
—
25
10
355
32
May
36
Mar
25%
225
23%
Apr
28
Jan
80
513
75%
Jan
80% Mar
71%
72%
575
69%
Jan
74
MM
43%
43%
50
43 % Mar
44%
45%
46%
35
40%
48% Mar
■
common. —25
—*
Rubber
33%
78 %
71%
•
•
Co
23%
80
—
Drill
Twist
United
Feb
2,418
73
100
12%
32 Va
8%
9 Vb Mar
438
71 %
___
Jan
29 Vb May
360
10%
*
.
——
Union
Bigelow-Sanford Carpet 6%
37%
8%
Feb
33
.
1—15
Util Associates
Reece
Range since January 1
20
21% Mar
29%
Mergenthaler Linotype
Narragansett Racing Assn Inc——-III
Pennsylvania
for Week
39%
: 77Mar
Jan
11
™1
;
Theatres
Reece
High
39%
157%
105
Jan
13
11%
e
Copper
Corp (Del)
Quincy
Sales
Shares
Jan
54
29 Va
•
Copper.
Boston
Pacific
Exchange
Week's
92
50
1
North Butte Mining
Last
15%
•
New England Tei & Tel
Friday
67
15%
185
137
100% 101%
11
Mar
Jan
41
Jan
5
63
*
common
Nash-Kelvinator
Boston Stock
101%
*
54%
1975
.
69
36%
5
100
Kennecott
Loews
Mass
1975
Jan
36%
'
Lamson
Bonds—
Transit Co 4s_—
Jan
56%
Association
Maine Central RR. 5%
Baltimore
5%
400
Service
Capital Corp—
Jan
May
700
100
:
Gillette Safety Razor Co
Isle
7% Feb
17% Mar
6% May
6%
General Electric
Apr
•
Lines
High
May
13% Feb
66%
6
—100
Group
National
General
Serv—
series A
Public
6
64
100
pfd adjustment
May
7%
35
14%
64%
common-—100
preferred B
5%
Jan
109
Low
6
6
100
_
11% Mar
115
Range since January 1
High
14%
•
Shares
Associates—
Eastern Mass Street Ry
100
Pub
Co
& Fuel
prior preferred
Jan
7
10
35
6%
Jan
Mar
Gas
4 %%
Sales
for Week
.
of Prices
Low
10
Range
Eastern
IOV4
(Tom) Distillery
Vernon-Woodbury Mills pfd_
New Amsterdam Casualty—.—
Power
69
300
45%
Copper
29%
25
&
10 Va
Apr
9
45%
100
Commercial
Apr
109
8%
Jan
1.75. Jan
10 %
Mocre
Water
7
64%
57
115%
High
18
Apr
1.05 Mar
Week's
Range
5
Service
29%
Mt
Penna
;
14%
Cities
5
preferred
Seaboard
8%
10
RR
Monongahela West Penn
7%
1,205
66
Last
Hecla
&
pfd vtc—-25
com—
Houston Oil of Texas G%
Maryland
7%
7Va
65'A
115
1
Low
821
109
t c
Range since January 1
420
1.20
100
—.
Calumet
High
15%
100
C
Eastern Sugars Assoc com
Friday
ififrPar
Shares
1.15
7%
12
Sale Price
Sales
15%
1.15
•
com
preferred B
series
Low
15%
MAY
STOCKS—
for Week
of Prices
Par
Arundel
Bait Transit Co
RANGE FOR WEEK ENDING
Exchange
Week's
—
Last
,
•
.
'
——
"
Feb
Jan
Feb
'
Vermont &
Mass
Ry
Co
Waldorf System Inc—
Warren
(S D) Co
*_100
•
117
11%
117
10
Jan
117
May
340
10%
Jan
12 % Mar
%
5
20 Va
Jan
26% May
97%
245
91%
Feb
99
Mar
$1,000
103%
Jan
104
Jan
11%
11%
26%
*
__
110
26
'
prior preferred..
5%
class A
1st
8%
class
1st
10%
Boston
class
&
For
B
D
pfd stamped
100
1st pfd stamped-—100
Providence
footnotes
see
RR
page
_100
2003.
37
819
26
"
Jan
7%
~7%
7%
30
4
Jan
7%
7%
106
5
Jan
7%*
33
7%
33
12
25
5
28%
41%
Feb
Westinghouse Electric & Mfg
—50
97%
8% Mar
8%
Feb
Jan
9%
Feb
Jan
42%
Feb
Bonds—
Eastern
4%s
Mass
series
Street
A
rebuff,iffitfei.
1997
BONDS
Bonds
Friday's
or
Bid & Asked
Low
'
,
MAY
Week's Range
Interest
Exchange
V
•V
r
EXCHANGE
RANGE FOR WEEK ENDING
Friday
If
FINANCIAL CHRONICLE
NEW YORK CURB
BONDS
I rt.,|ttal»w»)M.
Ry—
—
104
104
.
Monday, May 15, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1998
OTHER STOCK EXCHANGES
FOR WEEK ENDING
RANGE
MAY 13
Friday
f\:riv\:¥,V
Chicago Stock Exchange
I''
•
last
Laboratories
Steel
Acme
Adams
tJ
Allis
Mfg
Castings
Laboratories
Chalmers
&
Armour
Co
Asbestos
Athey Truss Wheel capital
Washer
;; 5
—
__
—
——3
common
3
Aviation Corp (Delaware)
Mfg
Binks
Mfg
capital™.
Co
1
5
_
common.—
& Wire class A pfd
Fence
Brown
Co
Piston
Burd
5%
Ring
Central Illinois Pub
Serv $6
lien
Prior
Preferred
2,550
1 %
3%
100
33%
10%
700
15%
300
3%
5
300
950
9
1%
Jan
Jan
6% Mar
4%
15%
14%
Feb
3%
Feb
22
200
6%
4%
5 %
5
600
4%
Jan
1,000
9
Jan
28
Jan
29% Mar
88%
Apr
93%
2,050
115%
140
61
6i
10
310
%
114
«
94%
■VY %
61%
280
58%
Jan
63%
1,320
7%
Jan
10%
Cherry Burrell Corp common
-5
Chicago Corp common
-1
Convertible
Common
capital
Corp
6
...—.....«...
6
6%
6,150
750
_*
19%
19%
"5
91%
91%
*
112%
Spiegel Inc common
Jan
Standard
Indiana
Commonwealth
Edison
25
common
26
(A)
t
,
t
v
B„_
c
20
Apr
82
Jan
94
114
Jan
Jan
60
Apr
78%
Jan
85 % May
13% Feb
10
500
15 %
Feb
55
cum pfd
Common
1,750
5,050
4%
1,200
4%
25%
23%
25%
240
18%
Texas
Co
3%
50
2i%
22%
22%
50
30
Stores-
Drug
2%
2%
common
(J R)
Co
—
—
Co
*
*
common
Dodge Mfg Corp
24% Jan
Feb
CJ
S
Steel
Electric Household
Inc
class
A
1
Util Corp
5
Elgin Nat Watch Co
Evfersharp Inc
common
Connell Dock
Dredge
Co
1
-
_*
Auto
Gardner
Denver
General
Finance
27
Co
;*
common
Corp
l
common
100
20
Jan;
Motors
22%
23
6%
250
21%
Feb
5
May
15% Mar
Jan
13%
Apr
Jan
24
Feb
Jan
:
Feb
6
750
7
,
V.7% Mar
31%
350
27%
Apr
43 :'
19
200
16
/
Jan
2
2%
33%
Jan
2
1,300
34%
32 3/a Mar
1,250
15
150
13%
Jan
15
May
12%
12%
100
12%
Jan
14
Apr
Jan
15%
1,100
14% May
18%
1,650
27%
Jan
31%
Feb
30%
30%
150
28
Jan
32%
Jan
700
45%
Feb
493/t
Jan
29%
48%
49
12
12
11%
Jan
2
—
12%
12%
100
12
Jan
79%
80
300
77
50%
52%
1,050
124% 125 %
150
-V
*
80
1
,
50%
125%
•
50
(Wm Jr)
21V4
21%
211/4
200
201%
21%
Zenith
>2%
2'/4
50
17
Corp
17
2
50
3.9
.
39
400
15%
12%
6
16
12%
5%
Jan
82%
Apr
50%
120
55
Apr
Jan
Jan
Mar
125% May
Feb
'•*"»
15% -Jan
363/4
Jan
16%
Feb
12%
Feb
500
10%
Jan
53/4
Jan
9
850
Jan
10
31
200
293/4
Jan
19%
21
21
500
18%
Jan
11%
10%
11%
150
11%
11%
150
10%
Jan
12%
75
80
150
39
Feb
80
17
17
11%
12%
Apr
General
Jan
18
3%
Jan
4
8%
100
8
Jan
41%
200
41%
Apr
423/4 Mar
11
8
450
19 Vb
Jan
*
com
10
common
Hershey
25
common
class
7
7
A
16%
«...
B
*
1
19%
100
16%
11%
&•
.
14%
'
11%
38
38
Jan
5%
Apr
5
5
250
66
200
62
Apr
69
37
37
200
34
Feb
39% Mar
9
40
14%
15%
;
■
capital
Apr
•
common
Harvester
Interstate Power $6
100
t c
v
*
preferred
*
(W B) Co capital
24%
Jan
27% Mar
100
56%
Jan
68% Mar
58
58%
350
56%
Jan
60%
5
5%
400
5
Apr
6%
Jan
1,550
35
Apr
37%
Jan
35%
36
Jan
8% Mar
19%
19 3/a
150
16%
Jan
20% Mar
12%
12%
12%
1,900
11%
Apr
13% Mar
17%
17%
18%
550
15%
Jan
20% Mar
25
25%
500
23%
Feb
27% Mar
42
42%
700
37%
Jan
43% Mar
15%
Feb
18
8%
Apr
10%
Apr
18% Mar
35%
1
5
•
Corp
Corp
capital
Feb
40
•
Brands
S
Rubber
Co
16%
8%
9%
850
16
16%
800
55%
56%
500
16%
•
14%
72%
8%
200
13%
Jan
1% V
100
1 %
Jan
4%
300
4
14%
143/4
950
25
e
*-1
!—...10
common—
common—
15%
10%
5
22% May
73% Jan
100
19%
Jan
300
68
Apr
14%
14%
14%
4%
50
Katz Drug Co common——1
5%
5%
53/4
1,100
10
Jan
v
V
.
American
7
7%
49
49%
common
Kentucky Util Jr
preferred
*
—50
...
.
5
—
Co.—
2%
Jan
4%
Jan
6%
300
6%
Jan
8 % Mar
300
47%
Jan
49% Mar
300
;
2%
32%
—
1%
Jan
15% Mar
—
__
32%
2 3/4
Cincinnati Gas & Electric
Cincinnati Street
Cohen
.*
...
7
6%
*
6%
24%
32
20
O
7
100
Jan
6%
3,550
24%
•
;
22
'
,
•*-*
McQuay-Norris
Manufacturing.—.—.*
17
Marshall
common
•
*
25
Corp
United
common
capital—
1
5
22s/4
28
10
17
150
13%
13%
300
13%
45%
13%
—
28
17
'
6
463/4
300
38% Mar
5%
10%
„;
17
Jan
May
Jan
33
Dow
10%
550
6
10%
6%
preferred A....
7%
18%
10
c43%
15
100
11
25
103
318
Kroger
Apr
2,450
5% Mar
9%
Feb
6%
26%
Apr
99
7%
104%
Jan
9
Jan
8%
76%
77
221
10%
11
125
10
10
100
9
Jan
37
65
37
May
8
8%
328
72
8%
%
1,000
tV Jan
19%
1,100
18% May
11%
1,500
5% Mar
11% May
1,600
5% Mar
9%
11%
Apr
Mar
Jan
78
Mar
Jan
11
May
10
May
37
37% May
506
5%
Jan
8
May
n%
n%
83
10%
Apr
12
Jan
34%
34%
50
29
Jan
36% Mar
42
42
8
10
.
participating preferred.-—-100
•
.
33%
34 Vb
*
—
—
—
National
...
2
"
10
7
100
Jan
35% Mar
25
May
11'
Feb
12
;•%
2%
.
43
Jan
21
.10
12
%
Jan
31%
50
25
12
.*
„
—...
4
100
7
% Mar
%
%
•%
110
%
Jan
%
%
200
% Mar
% May
•
2%
54%
19%
10
20
*
10%
"50
36%
37
.10
8%
53%
1.136
'
Rapid
U.
11% May
% May
%
52%
Procter & Gamble.—
.
S.
..——....
—■
*
Printing—..—:
Preferred
class
Western Bank
A—
....
10
Feb
34
481
34%
25
f...
Pumps
"
21% Mar
9%
9%
Feb
13% Mar
10% Mar
8%
-i
Manischewitz
Jan
11 % Mar
.100
——
23 Vb
76%
*
—.
Art
Hatfield
Mar
47%
—100
preferred A—
Jan
25
Jan
18%
100
.
109
25
J.-
—————*
Drug
Gibson
Mar
%
*
Apr
50
—:
Preferred
100
Mar
100
10
Dayton & Michigan gtd
Apr
24% May
Co—
Convertible preferred A—
Midland Util 6% prior lien
7%
prior lien
9
102
Lunkenheimer
Mickelberry's Food Prod
Apr
Jan
102% 103
;
High
29%
8
—50
——
Telephone
(Dan)
;
Feb
8
Apr
Jan
35
9
Low
20
28%
8%
Range since January 1
25V« Feb
-
*
Masonite Corp common
46% Mar
v
15
11
.
preferred.100
Eagle-Picher
McCord Rad & Mfg class A
16% Mar
Feb
Sales
102
—«*
—.—-*
Cincinnati Union Stock Yards—
Apr
8%
—100
.
Churngold
Jan
./
preferred
Llbby McNeill & Llbby common
Liquid Carbonic common
Apr
40%
Shares
High
28%
—8
...
Preferred
Low
2G
Laundry Machine
Cincinnati
La Salle Ext Univ common
56% May
Feb
14
for Week
of Prices
Par
.
Champion Paper & Fibre—
Kellogg' Switchboard
250
Range
Last
Sale Price
STOCKS—
Jan
13%
*
46
Week's
Friday
;
173/a Mar
72%
100
31% Mar
52%
Cincinnati Stock Exchange
Apr
Jan
22%
8%
1,000
45%
45%
16
Apr
1% Mar
Mar
72%
8%
Jan
.
Mar
34%
22%
—
16
Mar
28% Mar
*
common
Standard Oil of N J
Studebaker Corp
16%
300
•*
(The) common
Republic Steel Corp common
U
42%
*
May
16
1
Inc
Jan
43 % Mar
100
1
Field
10% Mar
2,100
64%
58%
Co
Y Baldwin
cum
Feb
25%
64%
16% Mar
ll3/a
Jan
4%
10
Illinois Central RR common
Indep Pneumatic Tool
300
25
64%
t
Co
9%
25
93/8
Radio Corp of America common
Jan
Jan
37
1%
—
20 3%
9%
550
Jan
.
.
*
Standard
15%
20
38
'
—
*
(new).
7
193/4
—
l
cap
common
Feb
4%
Jan
66
common
Pure Oil Co
Jan
common
Iron
Pullman
Mar
Feb
(Geo)
9%
San com.
Paramount Pictures Inc
8% Mar
Jan
Spencer Bartlett
Jan
common
New York Central RR
Mar
7
Printing Co
8%
5
Nash-Kelvinator
Mar
150
41%
8%
16%
33/4
8%
■
—
100
33/4
v
——.
8
*
common
Heileman Brew Co G
150
(Glenn L) Co common
Martin
Feb
150
common
Dk
Corp
Electric
Interlake
Jan
300
&
Steel
May
10%
Lakes Dr
9%
Curtiss-Wright
Feb
10%
Inc
3%
9%
Copper
Bethlehem
223/4 Mar
v.
8
Jan
..50
Mining
Atch Topeka & Santa Fe Ry com. .100
32% Mar
8%
Stocks—
Anaconda
6 3/4 Mar
31
83/4
2%
*
;
common.:
American Radiator & St
40 % Mar
400
150
*
Co capital
.
183/s Mar
Apr
15%
Feb
3%
2
common
Corp
91%
3%
,
—
Radio
450
*
s.
.■
21% Mar
Apr
150
6
140
175
2
52%
Jan
8%
58%
-
May
Jan
22%
Apr
Jan
12%
Apr
38% Mar
34
35
Apr
100
8%
7
Apr
10
May
2% May
Mar
4% Mar
8
Jan
8%
Feb
Feb
Miller & HartCommon
$1
*
stock
v
t
c
Monroe
Chemical
Common
Co
preferred
1,600
1%
Jan
2 %
May
10%
850
9 'A
Jan
10%
Jan
American
*
44%
44%
50
40%
Jan
44 %
May
Columbia
2%
City
common—*
Muskegon Mot Spec class A
see
2%
9%
*
____
Montgomery Ward & Co.
For footnotes
Unlisted—
2%
10
prior preferred
page 2003.
*
2%
42%
',
13% Mar
13% Mar
v
*
Indust
—
%
Jan
34
15
99% Mar
Wrigley
39
.
19% May
2% Apr
98
Woodall
—
:
Jan
28%
97%
Mar
_*
Bros
Common
13
103/4
98
273/b Mar
Gillette Safety Razor common
Midland
100
750
303/8
*
Bankshares—
Common
8% May
West
3%
3,100
14%
Williams Oil-O-Matic common
59% Mar
Middle
5
14%
13
7% May
102
Jan
&
Jan
27% May
Jan
Feb
Cumulative
Apr
90 %
<
Apr
22% May
4%
Leath
13%
Feb
50
Jan
933/4
513/4
Jarvis
Jan
12%
31%
^
Feb
Jan
11
85
.14%
v«5'
>;■
23%
21%
250
400
22
v'v
Jrl
V
12%
90%
4
5
•
8% May
3%
200
550
International
22
X90
/,-•
Jan
6%
50
26%
450
1,650
Illinois Brick
8%
Jan
400
243/4
8%
Motors
Feb
1
4% May
19% Mar
3%
5,900
983/4
593/a
Hupp
155
17% Mar
7%
22%
83/a
Houdaille
Apr
100
273/4
98
58%
Co.
150
1,200
6%
243/4
8%
&
10
4%
19
27%
98
58%
Hormel
152
4%
6%
May
*
Hibb
152
•
27%
23
10
Hall
Apr
Walgreen Co common
•
Westinghouse Elec & Mfg common—50
23 Vi Mar
Feb
common
Great
77
—1
Feb
*
common—
General Outdoor Adv
Goldblatt
Jan
Mar
5% Mar
19
5
Preferred
General
71
100
500
10
.
Brewing common
General Foods
80
&
common
Drive
(Peter)
77
29%
common
23
15
Fitz' Simons
Fox
13% Mar
cumulative preferred—
7%
22%
*
common
Domestic Industries
Four-Wheel
3% Mai-
Apr
2
common—
22%
1
common
&
Jan
11%
Ills
common..
(The)
Unlisted
Dayton Rubber Mfg common
Co
2%
50
12,%
•'.
—25
capital—.J
Corp capital
Thompson
Trane
Apr
5%
Jan
3%
26%
Jan
100
.
Lighting Inc
&
300
11%
22
-*•
,■
17% Mar
111%
40
85%
26%
25
Cudahy Packing Co 7%
Deere
3
V.,
May
Mar
4%
20
common
Dixie-Vortex
35
—15
Swift International capital—.
&
Wisconsin
Curtis
Jan
-25
Feb
4%
*
—
Cunningham
31%
Sundstrand Machine Tool common- —5
of America—
Common
Co
100
Mar
30
•V
Utah Radio Products common
part shs
Container Corp
Crane
Feb
35
common
14%
—50
.
pfd part shares
c
Common
1%
Jan
63% Mar
2%
Stewart-Warner Corp common—
Consumers Co—
V
%
11%
34;,::
Swift
60
26
Apr
Jan
4
Jan
1
•
91
Jan
Jan
8%
capital- —25
Union Carbide & Carbon capital—
Consolidated Biscuit common
/)
4% Mar
Jan
56%
VB
r-i CO PV*
1
of
50
■;
3%
79
Feb
May
26
Dredge preferred
50%
14%
14%
Apr
700
32
50
2
Common
6% Mar
4% May
•
capital—*
Jan
84%
.10
Cities Service Co common
14%
Jan
250
18%
116%
Jan
24
32
50
/'■
•
1
—
Jan
Oil
Mar
10%
400
10
*
:
St Louis National Stockyards
Co
34
May
400
%
4
Corp class B common
&
Jan
9
240
9%
29%
43/a
5
—
common.
45
60
85
Co
&
40
112% 114
_*
—
Jan
12%
100
47%
X46 %
~_5
common—.
14%
46%
•
preferred
Chicago Elec Mfg class A pfd
Chicago Flexible Shaft common—.
Chicago Towel Co conv pfd—.
Chrysler
14%
Mfg Co common.
Standard
22
33%
34%
T100
preferred—
U
Stein
Mar
57%
•
*
Jan
Jan
118
95
30
11
vJan
40
90%
20 % Mar
20% Mar
76
;w
Signode Steel Strap Co common•
:
South Bend Lathe Works capital. HI 5
Feb
10%
9%
113
3
1
common
% Mar
111
16%
■.
"III
common——
Sinclair Oil Corp
95% Jan
Apr
250
.
29%
35
Hosiery Mills common...—
Serrick
19
Apr
Jan
57%
v
/
•
—
•
Roebuck
10%
90
29%
.100
common.
Car
-'V-
•
*
10% Mar
200
3%
Sangamo Electric Co common—.
IIIi
Cummins capital
Sears
17% Mar
50
303/4
Schwitzer
Jan
33%
250
10%
3% A 4
'
*
capital
Preferred
Apr
10
29%
(The)
Oats Co
Rollins
38% Mar
100
18%
9
—
—50
Co
Raytheon Mfg Co 6%
Apr
Jan
37%
,
32%
32%
"90%
common..
capital
(The)
Steel
Reliance
Mar
18
24
A
RR
Quaker
38% Mar
Jan
Co
Feb
32%
110
Y;
5
common
37
200
Feb
"'
Elec
&
Circle
Potter
37% Mar
Jan
B
Jan
34%
18%
..10
common
Apr
14%
100
10%
.100
Co
Pressed
10% May
Jan
Gas
Perfect
Jan
34%
(The)
Peoples Gas Lt & Coke
Feb
Jan
Coal
Pennsylvania
Feb
9%
Jan.
Co
13%
150
13
37%
>
•
100
100
—6
common..
Feb
12% Mar
16%
18
5-
preferred
Penn
May
Jan
Pen
Peabody
6%
2
Feb
Corp
%
Jan
17%
34%
34%
—•—*
common—.
High
Jan
%
200
13
16%
—20
Car common.
Finance
Low
%
'
10
preferred
Parker
Jan
-
Jan
8
7%
Jan
May
3%
14
1,050
6 *
111
Omnibus
159 % Mar
Jan
35%
24
Feb
Jan
350
6%
Jan
Apr
8%
37%
39%
112"%
4%
400
8%
Apr
stock
cap
Range Since January 1
16
common——2
Northwest Bancorp common
Nor West Util pr lien pfd—
Jan
156%
250
14%
29%
94%
1:1*
.
.—
2
5
9%
10
29%
*
Central States Pr & Lt preferred-
4%
15%
-50c
preferred—
1
5%
200
250
3%
•
pfd
1
20%
May
33%
108
North American
North
Jan
5% Mar
7% Mar
24
10
Central S W Util common
100
__
30
convertible preferred
8%
6%
1
common—
Brothers
Butler
Feb
100
1,700
—
5
common
50
100
390
36%
1
(E L)
Jan
Jan
9%
6%
36%
*
Common
Bruce
4%
17%
3%
Co
Borg-Warner Corp
13%
Standard
Shares
High
%
—
*
common—
Cooker
Noblitt-Sparks Ind Inc capital
Jan
14%
Pressure
National
May
30
50
14%
14
8%
35%
—
common——r__10
14%
Belmont Radio Corp
...
_*'>•„
Bendix Aviation Corp common
—5
35%
Berghoff Brewing Corp
—1
10%
Belden
61
58
1%
—
1
4
Mfg Co common—
Automatic
—
a
.
Feb
1
5%
—
1
common
Equipment Corp common
57
Springfilled
National
High
Mar
53%
200
100
58
58
8%
—
100
100
Co capital
American Tel & Tel
Aro
pfd—
LOW
High
4%
17% 17%
35
35
108
110
157% 157%
v 5
5%
—
•
Co
Service
14%
4%
14%
*
common
Mfg
Public
57%
58
—
—
*
5
common
Aluminum
American
*
25
common
common
D)
Advanced
Allied
Co
Nachman
Range since January 1
Shares
of Prices
Low
par
Abbott
for Week
Range
Sale Price
STOCKS—
Low
*
Liquidating Co common—
for Week
Range
of Prices
Ypar
Nabco
Sales
Week's
Friday
■
STOCKS—
.
y/,:",:
Sales
Week's
Last
Sale Price
100
2%
Apr
2% Mar
42%
44
350
41%
Apr
48 % Mar
28 *
28
20
27%
Jan
30
Feb
Ice
General
"
*
*
.25
&
Fuel
Majors
....
—
12%
19%
•
Gas
•
—
—
io
_♦
13%
387
12
Jan
14%
18 3/4
12%
_♦
Rolling Mill
19%
138
15
Jan
19% May
4%
219
4
Apr
5% Mar
4
#:58%
!
58 %
29%
29%
345
59%
-v
♦
*
—
433/4
45%
-
51%
Feb
59 % May
7
28%
Jan
31% Mar
61
43%
Apr
48%
Jan
.;
.
Volume
Number 4281
159
THE COMMERCIAL &
FINANCIAL CHRONICLE
OTHER STOCK
EXCHANGES
WEEK ENDING
RANGE FOR
MAY 12
Cleveland Stock Exchange
Week's
Friday
Last
11% Mar
Aircraft
Accessories
109
40%
Feb
51% May
Bandini
Petroleum Company
Jan
19%'May
Barker
20
20
230
18%
Jan
22
Barnhart-Morrow
72%
76%
402
63
Jan
76% May
Blue
155/a'
14%
15%
1,212
13%
Apr
15% May
Bolsa
25
42%
Feb
45
Cliffs
Corp
Eaton
Manufacturing
common—:
;—
50
Apr
57
Jan
Low
Corp.......—.50c
.
19%
15
198
Jan
Bros
Corp
Diamond
Chica
Byron
Fostoria
Pressed
General
Tire
Goodrich,
51
T—
Steel—...
M A,
Interlake
Jones
Steamship
&
16
16
105
105
—
&
Leland
Feb
21
May
National
Refining
National
Nestle
Class
»
common
Jackson
17%
Packer
B_
70
11%
12
Corp
1%
1%
8%
:
Jan
a
Richman
Co.
al5
Feb
15%
15%
Van
Dorn
Vlchek
West
v-:
....
White
a40 i-
'I-
.
17%
of
1.85
1.85
1.85
100
1,30
Jan
1.95 Mar
a207/a
-
■
Exeter
Oil
Farmers
Co
&
Jan
Apr
'
25:
Goodyear
Hancock
1
21% Mar
15%
Apr
50
a24
a24
Jan
Jan
5%
Jan
.
..
19%
Jan
7% Mar
10
100
Jan
105
20
"20 "
Feb
24% Mar
Apr
37% Mar
Feb
-
a35% a35%
Unlisted—
v
Tire
Rubber
&
: 34
42
Tire
Oil
Co
a44% a44%"
Ohio
Oil
S
19%
common..
a
common
Republic
U
Central
Steel
Steel
18%
Jan
20% Mar
Feb
19% Mar
a
al6«A
236
15% May
18
Mar
52% a52»A
a
...
Jan
20%
Feb
17%
20
al6
common
common
a
37%
Apr
17
5
Feb
18%
15
43% Mar
35
110
19%
17% al7%
al8ya
Youngstown Steel Door—___.
39% Mar
10
a35% a35%
common..;
New. York
&
Co
Rubber
class
A
23%-
1,015
20%
Jan
23% Mar
600
.7%
Jan
9
9
Oil
Hunt
9
370
12
Jan
30
Mar
37'
Apr
1
460
Jan
480
Apr
13% Mar
11%
11%
318
9%
Jan
IV4,
7%
100
7
Apr
7% May
587/a
~~
1
10
Bros
Corporation
Packing
58%
*
59%
804
52%
Jan
59 Va Mar
73/a
Jan
9%
*
93A
12
...»
a44
12
a44
14 y8
52%
75c
75c
29
io%
9%
10%
10y.
12%
29
12%
Jan
Jan
42%
Apr
47
Apr
52 V4 May
75c
:■
Jan
31
8%
100
2,660
May
27%
200
42%
common..
29
9 V* May
Jan
38%
270
»
Jan
10
75
*
•_
—
100
100
;
a44%
51%
1
•„
Apr
12
1,000
34
Co..
May
9%
81
1212%
a480
Preferred
Intercoast
Jade
y
Feb
Jan
10% May
12% May
Jan
10
5%
100
92j/2c
Jan
Mar
Corp.
10c
'
Co
Lincoln
Petroleum
Magnin
(I)
/
1
Co
Menasco
66
50%
Apr
55
25
14
Apr
16% Mar
Mfg
Gas
&
1st preferred
Pacific
25
—
Lighting Corp
Western Oil Corp.——.
Republic Petroleum Co common
Oil
Corp
10
4c
Jan
21c
Mar
10
Jan
12% Mar
500
30c
Feb
44c
400
10
Jan
16%
1.05
300
1
May
36c
May
35c
al4%
6%
9%
30%
Jan
33 Vt Mar
35%
Jan
36% Mar
40%,
Jan
43 y4 Mar
10
5%
3,085
368.
a50c
3%
3%
50c
1,100
*
a48%
a48'/a a48%
145
,—.15
a26%
a26% a27%
•
12%
Apr
7
Jan
10
8% Feb
•
1
__1
3%
Apr
Jan
67
9%
a50c
48c
235
al4% al4%
5%
Mar
1.25 Mar
431
43
•
Co
6,100
32%
42%
1
common
Aeronautical
210
40c
11%
a35% a35%
I
May
16%
32%
43
Warrants
Ryan
Feb
3,000
25c
a35%
*
common
Pacific
Richfield
25c
25
common
35c
16c
1.00
1
Elec
Jan
16
1
Oceanic Oil Co...
32c
40c
*
Co
300
11%.
10c
common
300
32c
Mar
Feb
3ya
1.00 Mar
Jan
Mar
15%
& Co
8%
10
15c
10c
Co
Lane-Wells
9%
32c
.
Petroleum
Oil
a
15%
y4
Safeway Stores,
Inc
Security Company
Shell
Union
Sinclair
30
Oil Corp..Corporation
Oil
37%
Southern
6 %
Watling, Lerchen
So.
Edison Co Ltd
Gas
Co
Southern
of
Oil
Superior
Chicago Stock Exchange
Co
Union
DETROIT
Universal
1.343
Jan
8%
Jan
10
22%
/
Apr
24 y8
Jan
Feb
3%
Jan
May
30%
353
30 '/a
Apr
32 3A
115
29%
Jan
31% Feb
35%
35%
100
34%
Jan
36 y4
28%
28%
210
24
Jan
313A Mar
36
36%
1,294
35%
Feb
38 y2
Jan
538
5Va
Feb
6'A
Apr
*
...
1
5%
Inc.
8%
Feb
-10
8%
8%
19%
153
18%,
Apr
19% Mar
18%
18%
8%
19%
5
..25
Oil
6
a78% a78%
2
.
California
Consolidated
36
25
.
Corporation
of
1,335
Apr
3
120
10
23 %
29%
*
Corp.—
Oil
Apr
13%
30%
Calif
Transcontinental & West Air,
Ford Building
Feb
27%
Jan
25
pfd A.
Oil Company
Transamerica
40 y2
Apr
10%
29%
Co
Oil
Sunray
New York Curb Associate
Exchange
Detroit Stock Exchange
Pacific
Jan
27%
25
6%
Standard
Members
36%
65
25
preferred C.
Calif
:
3%
9%
23
Jan
47% May
170
,
13
3%
25
,
preferred class B
5%%
Co.
Calif
,4ya
47% May
381
39 %
12%
Solar Aircraft Company
—1
Sontag Chain Stores Co., Ltd.—
*
New York Stock
237
a48% a48%
12%
common
Hudson Motor Car Co
6%
♦
common.
General Electric common...
Glidden
4,045
84% May
9y8 Jan
84% May
12
34
Development Co
Pacific
Firestone
84%
10%
'■
Youngstown Sheet & Tube
Mar
May
yl; 40% May
15%
681
105
15% Apr
Mar
36
43% Feb
33%
183
6%
105
Jan
Jan
40% Jan
93
17%
6%
■
13 VB
22
70
22%
1
Motors Corp common.
Paint Corp common
Gladding McBean & Co
Holly
32 y8
Apr
Jan
84%
a480
Radio...
21
45
11%
l
&
35
170
70
Bank__100
Nat'l
General
Feb
.
A—
Television
General
Jan
Jan
Ltd
Merchants
Feb
Feb
22%
1
Fitzsimmons Stores Class A
9
12%
64
*
Corp
200
a20% a20%
__5
,
America
Products
Apr
2.00
30
Feb
12
Mar
143
17%
6%
.
Motor
42
Jan
*
Creameries
2
6'A
885
a 40%
IIIlOQ
preferred—.
Corp
13%
Apr
1.80
«
Jan
18
Jan
50
15
35
a42% a43%
..
*
Works..
Iron
Inv
:
15%.
15
34%
Tool
Res
15%
15
25
Thompson Products Inc
Jan
710
'
n
—
Ohio
12 y8
30
63
1.95
100
Preferred
Apr'
I 20%
20% a20%
a
___—
Standard Oil of
al5%
3% May
6ya Feb
1.90
*
Corp
Chrysler Corp
Consolidated Steel Corp
1%
300
♦
Bros
Jan
30
4
: 18% Apr
16% Mar
Jan
10%
660
8
;
—:—
Patterson-Sargent
4%
1.90
Douglas Aircraft Co, Inc
6%
"■i
15% Mar
14%
207
1%
_______
1,500
1
Corporation..
Investment
Honolulu
class
Brass
Jan
5%
30
Electrical
12%
Feb
17
414
15%
8%
^
Central
(
Ohio
2
2
Feb
Apr
22% Mar
Mar
5%
40
:i
;
17 VB
11%
A
17%
11
:.
143
-•
15%
new.—
Tile
200
5%
17%
17%
1
»
LeMur
12
5%
♦
High
1,850
5
Consolidated 4—„_I
Corporation
Oil
Farnsworth
#
Cement
May
I'34%
31
60
...
Acme
Low
3%
___i
Apr
16
107%
60
_______
Portland
I
;s
Apr
34
11%
Electric
Medusa
National
Feb
105
a21
*
Sessions
45
12%
27
117 v
V,-
Kelly Island Lime & Tr
Lamson
Feb
34
■I
-r-T—•
48% Mar
a21
i
.
Laughlin...
23% May
36%
106
105
14% Mai-
Feb
Feb
13
20
■.y u
IIIH5
Jan
19%
40%
193
21%
a 47%
a44ya a44%
pfd—_
cum
13 y;.-v
21%
Rubber..
$5
•
a46%
HI
&
51
13
~III25
Bros common
Hanna,
*
.
F
Goodyear Tire
Halle
!
Rubber Co.—...
&
B
a44% a44%
——.
Controller
Range since January 1
High
3
■
Electric
Shares
Mar
50
18%
20
preferred—'.
of Prices
Par
Jan
76 %
II_1
.
Iron
■;•' '''v:', ;
10
City Ice & Fuel———
Cleveland Cliffs
High
Low
110
Sales
lor Week
Range
Sale Price
a51% a51%
—3
Clark Controller
Last
stocks-
Range since January 1
High
11%.
Week's
Friday
Shares
11%
5
Brewing Corp of America——
Low
Angeles Stock Exchange
for Week
of Prices
Par
American Coach & Body——
Los
Sales
Range
Sale Price
STOCKS-
1999
18%
3,170
18"
Feb
19% Mar'
12
Jan
14% May
621
Co
10
14%
14%
1,620
Alaska Juneau Gold Mining Co
10
5%
5%
600
9%
9%
Jan
9% Mar
Telephone: Randolph 5530
Mining Stocks—
Unlisted
Rad
Amer
Detroit Stock
Week's
Friday
Last
of Prices
Low
Bohn
Alum
&
Brass
Continental
Motors
Range since January 1
Low
> f
High
common
High
&
Atlantic
48
100
48
30%
240
27%
Jan
12%
632
12% .Jan
13% Mar
Cleveland
&
Detroit
Edison
Nav
'5%
May
6%
1,490
1,100
4%
48
4%, Jan
6
Steel
Corp
5%
.—20
common
Detroit-Michigan Stove
Detroit
10
common
19%
19%
1
.common
3%
—5
common..
.
May
6 % May
-;
.
20%
6% Mar
Jan
-.•2,223
18%
Jan.
100
..^3%
Jan
3%
18%
18%
Refining
Motor
Truck
Frankenmuth
Wood
Gar
Gennner
Brew
Industries
Mfg
class
0
£
common
7
.
,
20% Mar
4%
17%. Jan
725
.
7
1
common
common
3%
3%
5
5%
3
:
B_:
5
-I
*
General
Finance
General
Goebel
Brewing
Graham-Paige
Grand
common—
Aviation
_
Locomotive Works
Baldwin
Barnsdall
Oil
t
v
Brew
Jan
28 % Mar
Borg-Warner Corp.
Pacific
Canadian
Ball
Bearing common..
common
Motor
Hudson
Hurd
&
Mfg
Lock
Kinsel
Kresge
(S
Car
&
Drug
4
1%
1%
Jan
7%
Apr
I
1
■___
3% Mar
Cons.
5% Mar
Continental Motors Corp
12
Mar
3%
13
Jan
Jan
3% Mar
52%, Feb
59% Mar
1,275
2% Jan
4
6,334
1%
99c
300
96c
20%
200
19
;
Jan
13
13
100
12
;
Feb
10
.1
10%;-
1.00
Apr
440
23
.
900
57c
23
23
62c
.8%
Aircraft
Vultee
Continental
LaSalle
Wines
Michigan
common
Sugar
...
Micromatic Hone
Mid-West
Abr
>t
:
common
..4..
Wheel
»
Parke,
•
75c
•!
-Lu.'
.
Jan
.
Oil
1
v'
3
4
7%.-.: v
...1%
1.7%
■
-:
u
ro 10
•
Jan
.
3
4%
200
Rickel
(H W)
1
.10% May
River Raisin Paper common
Scotten-Dillon
common
150
5
.;.
170
100
v.
1%
Janvr.
!'•
Feb.
Simplicity Pattern
Jan
'.
Feb
4% Mar
Apr
30% Feb
2% Mar
3%
Feb
9
1%
2,850
1% Feb
l%Mar
2V«
282
V% Jan
2 % Mar
150
Jan
Standard
Tube
"B"
.1
common—...
Tivoli Brewery common
1
9
702
8% May
3%
150
3
i
9% Mar
Jan
3%
Jan
9%
Apr
:
1%
-
3%
1,296
10%
722
2%
2%
,
..
'.400
.
..
'
10
Mar
,3% Mar
3% Mar
•
12
Jan
2% Apr
2% Mar
1%
1%
400
1%
Jan
1% Mar
3
._„v .v
3
80Q
2'% Jan
3% Mar
;
Universal Cooler
Class
Walker
Warner
B
&
class
Inc
&
Ohio
Co
class
Aircraft
B
.4—*
footnotes
1
common.
see
common
page
2003.
,
:
-
1
4
v
Oil
Packard
Company
Motor
v-.-y
30
JA Mar
Apr
18
Apr
60% Mar
Mar
30 y8 Mar
36% May
8% Jan
36% May
45 y2
144
25%
Apr
26 y8 May
35
%
Feb
al2%
95
11%
Jan
15
6'%
990
SV'a
Jan
&% May
30% Mat
a
al2
A
al2
aA
5%
■*>
15
16
%
•
30% Mar
10
10%' Feb
Jan
Jan
-Feb
v. .-J
a35%
5
113
16
a35% a36
380
35%
Feb
-37%
Jan
40% May
41%
Jan
43
Mar
47'y4 Mar
Feb
1% Mar
:
40%
100
10
1%
1,300
40%
1%
a34
a34
50
a26 V4 &26V4
a
13%
17% Mar
Apr
80
,
a46% a46%
1%
:
5
16
5
130
al3% al3%
60
May
May
1%
6%
17
Jan
Jan
28'A. Jan
25% Apr
32 Ys
Apr
27%
Jan
12
Jan
143A
7
Radio
Apr
30%
Feb
Standard
6%
Apr
600
2% Jan
3% Feb
Studebaker
325
9
Apr
Swift
100
6Va
1%
Jan
2%
Jan
3
6
Feb
7
May
1.00
650
98c
Jan
4%
400
_•
a42% a43%
130
42
Apr
47% Mar
726
15%
Jan
20% Mar
Jan
-
17%
18
Jt
a8
a8 %
46
8'A
Jan
17%
17%
200
16%
Jan
al8% al8%
130
———
4
.—
23
4
195
-1
25%
25 3A
150
.50
29 Ya
293/a
280
18
9 V*
Jan
Feb
18% Mar
19% Mar
Apr
3%
•
Jan
4% Mar
25%, May
26% Jan
25 y4 May
29% Mar
a20% a21%
140
20%
a41% a42%
195
41
8.15%
___«
a20%
a42 y2
.25
al5% al6ya
75
15%
Feb
18
a9Va
401
8%
Apr
10 y4
al57/t al6ya
110
Jan
265
16% Apr
88% Mar
18 Va
a90%
88%
Apr
12%
266
12
Feb
13 % Mar
29 y4
Apr
30
a8%
al6
—
a8%
a90
mis
12 y2
a29%
Inc
12%
a29% a29%
77
feb
May
22% Mar
42% Mar
Mar
Jan
Apr
III25
(N J)
33%
33%
317
32% Mar
33% Feb
25
55%
55%
293
53% Mar
55
157/s
16
Mar
Mar
400
23
.10
Inc.
7% Mar
5
*
Standard Oil Co (Indiana)
8%
200
33
__
America.
Brands
7
7
32 Va Mar
,
a22% a22%
a61%
Car Co——
Republic Steel Corp
Sears, Roebuck & Co
Socony-Vacuum Oil Co
250
a61% a61%
—
Corp of
:a30% a31
.18
—
Pennsylvania Railroad Company.
Phelps Dodge Corporation
Pullman Incorporated
3%
7
98c
-
57%
110
a26 Va a26%
*
Robbins Inc
Paramount Pictures Inc
2%
—
15%
155
Feb
Jan
———
North American Aviation,
8%'
„
.«
...
10
58 y4
a30% a31
4»A
21% Mar
45%
a 30%
North American Company
3%
\
A—.:.
Wayne Screw Products
For
...1
...—
...
al6'/a al6V8
al6% al6%
Libby, McNeill & Libby——
Loev/'s,
Standard Oil Co
Udylit'e common
Feb
a46% a46%
Kennecott Copper Corp
Mar
19% Mar
3%
3%
-
19%
40
•
Montgomery Ward & Co Inc—
New York Central RR
Jan
* 26%
9
9%
1
common
105
a31% a31%
—
Mar
100
,
Jan
19% al9%
25
of
McKesson
918
,
Co
18
:
17%
Nickel
-7%
2%
,
Jan.->
9
3%
•
Jan
May
200
Railway Co
;
*
Canada....—,—_*
Northern
Great
Max-
A 88c
16
;•
100
36c
/ :
Jan
3,%
_——J—10
32
Mar
5% Mar
May
,
27%
3%
9%
Corp——1
International Tel & Tel
24
Jan
65c
Motors
Int'l
1,210
■
100
58 y4
•
——*
Jan
2%
:
..
9%
*
Co
Feb
9
1%
9
common—...
Mar
6
67 Va Mar
May
3%
5
Corp
Graham-Paige
May
3
.
"
a30%
—1
Pure Oil Co
Reo Motors common—
32
1
.—5
General Electric Company
i'.;70c
Jan
24c
695
-,-v
19%
27
Parker-Wol common—;
Peninsular Mtl Pr common——
1
1%
Prudential Investment -common...
1
S—v.
140
32
32
16
Goodrich (B F)
3% T 4
>
common
Apr
Jan
a36% a36%
1
,
(Del)
70c
0
Feb
2,250
.17%
19%
Co
Corp
Zellerbach Corp
Curtiss-Wright Corp
20% Mar
-
,53c-w May.*,
625
.1:
\.«.
1%
N-y
19%
common
■
7%
1%'A'«
,
I
4-
2-7c
65c
,•7%
III.5
common
Motor,Car
Davis
4—
common...
Park Chem Co
II—1
5
-27c-
65c
—50c
Products»common
Motor
4%
27c
x.
—
common-^—
Motor
Packard
—2
...—!.'•
common
27
5
56
a
May
•
McClanahan OiLcommon—
Jan
100
185
3%
*
Crown
13
y
Feb
5oc
2,372
60c
57c
10
common
SV
60c.
24%
53A
Apr
Apr
1% Mar
Feb
20
I.II1
i._
common
671
25%
a64% a64%
32
25
Company
Commonwealth & Southern Corp.
Jan
99c
«
43%' Feb
25
Co
Edison
Jan
120
1%
H0
Feb
37ya
158
*
2%
1,027
:
3%
-2%
common...—_
Mfg
common
S)
i
l
42%
5%
5
Railway
Caterpillar Tractor Co
General Foods
Hoover
Hoskins
15
a42
25%
*
15
4%
200
3%
1
common...•
10% Mar
Feb
Jan
a64 %
5
Company
100
59-:
1
;
Jan
36%
156 y8
13
c
Co
Borden
720
3%
3%
58%
1
common
common—
Valley
1
:
5%
305
•
12
12
~3%
Motors- common.—^——.—10
9
25
341
a42
25
3
Company
Corporation
150
a37 % a37%
50
Co
Company (111)
...5
Topeka & Santa Fe Ry__ 10G
Commonwealth
Federal
Jan
al57'/4 al57y2
a37%
14
Corp
Bethlehem Steel Corp
Detroit
6%
31% Mar
12%
6
—x
Viscose
Atchison,
48
12%
*
•
100
Anaconda Copper Mining
Armour
Shares
I
Corp
Tel & Tel Co
American
J
30%
common
Briggs Mfg common....
Burroughs Adding Machine
Sani
Smelting & Refining Co
American
for Week
Range
Sale Price
STOCKS—
Sales
Stan
&
American
Exchange
5% May
Stocks—
4%'
:: 7
3V*
Jan
...
.
&
1
Corp
Company
Texas Corp
—
lV4Mar
Texas
Tide Water Associated
Gulf Sulphur Co
—
—*
Oil Co— -Zllio
519
13%
Apr
a3G»/a a303/a
58
27%
Jan
a48% a48%
a30%'
....23
(The).——
4% Mar
25
25
46 y«
Apr
y4 May
33 3A
14%
33 y4
190
33
14%
14%
926
13%
Jan
16% Mar
-
31 ya
Feb
46%
Feb
33% May
14% Apr
-
THE COMMERCIAL & FINANCIAL CHRONICLE
2000
Monday, May 15, 1944
OTHER STOCK EXCHANGES
RANGE
Range
Shares
——.—5
United Corp
(Del)———-—*
U S Rubber CO—
—10
United States Steel Corp
——
*
Warner Bros Pictures, Inc.—,——5
Western Union Tblegraph Co—
100
Aircraft
United
Corp—
——
Co——-50
Willys-Overland Motors Inc.——
-1
Woolworth Company (F W)
-——10
__
Range Since January 1
High
Low
Par
Pacific Railroad Company,.—100
Union
Last
lor Week
of Prices
Last
Low
110
92
400
6% Feb
30
a27% a28%
1%
114
4614 4614
50% 50%
12
1214
46% 4614
207
300
a27%
1%
46%
50%
12
—
125
450
270
a97% a98%
774
8
a3774 a38!4
Westinghouse Elec & Mfg
—
a38l4
High
108 % May
2714 Apr
114 May
4314 Apr
50% May
11% Apr
42% Feb
93
Feb
al08% al08%
37
145
.
Jan
Par
108 % May
2714 Apr
1% Mar
47% Mar
5314 Mar
14
Mar
47% Mar
95
Mar
9
Apr
39% Mar
Home
(Joseph)
Koppers
100
Gas
10
-
_—
mm 0rn
Brewing
Preferred
Pittsburgh
common——~
——
Forgings
—.
Week's
Range
Friday
Last
Sale Price
STOCKS—
8% Mar
3%
37/a
25
3%
Jan
3% May
Jan
8
7%
Range since January 1
'i'/hy-. Low High
*
100
American Stores
& Tel
American Tel
Works v t c——13
Barber Asphalt Corp——.—
-10
Budd (E G) Mfg Co common—
:—*
15%
—
157%
157
19
22
674
7%
Baldwin Locomotive
Budd
Chrysler Corp
Curtis Pub
Prior
-*
Co————
Wheel
-—5
—
-
*
—*
Co common
preferred
————
..—•
10
Battery
Electric Storage
Motors
General
22
—
-
85%
Low
15%
157%
19%
22%
505
181
35
674
7%
262
25
1474
113
84%
85%
—
58%
58%
5%
43%
40%
59%
46%
48
137
41
Feb
50
12%
13%
150
12%
Jan
13%
130
4%
Feb
574 Mar
2c
Jan
7c
1%
H'.
5
5
4c
5
•
Navigation
Lehigh
Coal &
Valley RR
50
—
& Light
National Power
Pennroad Corp
•
.
5c
Jan
16%
1
Pennsylvania RR
—
——50
Penna Salt Manufacturing——50
Philadelphia Electric Co common
•
$1 preference common
*
4.4% preferred ——
——100
Phi la Elec POW 8% pfd-—
25
Philco Corporation
3
Reading Co common..—
—,—50
2nd preferred —_—_
-50
—
21% Mar
21%
Apr
26%
—
~
19%
24
.117%
32%
29%
Jan
714
30%
200
22%
78%
5
Jan
86
6%
Jan
Apr
46%
Jan
3914
Apr
43
Feo
5174
Feb
59% Mar
9%
5%
562
8%
Jan
176
474
Jan
Established
300 North
93
5%
Apr
6% Mar
1,731
1,833
26
Jan
20
162
4%
10
Jan
Mar
5%
Scott
Phone
St. Louis Stock Exchange
Oil
Sun
*
—
Mar
166
19%
Feb
22
2374
Jan
25%
Feb
182
116%
Jan
118%
31% Mar
34%
Feb
25%
Jan
30% Mar
20
St. Louis Stock
Feb
423
17%
29%
20
16
Jan
50
27%
Jan
50
8%
Feb
Friday
30% Mar
9%
Mar
Last
STOCKS—
3974
40%
184
38%
Jan
43
56%
56%
56%
50
5474
Apr
6074 Jan
^
^
i76
1%
1%
Feb
%
17e Mar
8
1,064
1% Mar
2
.
Mfg common——
Electric Co—
Coca-Cola Bottling common—
7
Jan
Jan
l
~5%
$3
preferred
——6
337/»
1774
———
Westmoreland Inc
1%
—
Westmoreland Coal
20
.—
—
8,587
'I-';: Far
Allegheny Ludlum Steel
Blaw-Knox
*
Co—-————*
(A M)
Byers
Low
Pitt Brewing
!>
Apr
50
18%
27% May
Feb
Mfg common.
Prod
Clay
com—
National Bearing
#
Metals common-
•
National Candy common—.——
Rice-Stix
Range since January 1
St
24 Va
Apr
Jan
9% Mar
Jan
15% Mar
8
13
4%
390
4
17%
771
1674
Jan
5% Mar
17% May
15%
15%
330
1474
Feb
15%
Apr
200
3%
Jan
474
Jan
Apr
k
CANADIAN
RANGE
FOR
common
Last
STOCKS-
Sale Price
Steel
WEEK ENDING MAY
Par
Abltlbl Power & Power
6%
*
common
preferred
.preferred
7%
—
I100
Acme Gas and Oil Co
—*
—
Ajax Oil & Gas—
—
Range since January 1
LOW
Low
High
2%
2%
890
32%
31
34%
6,935
27
Apr
70
72
50
58
Jan
12c
14c
50,300
774 c
Jan
14c
1.42
1.49
900
1.10
Jan
10c
10c
360
10c
May
14C
18c
20c
24,600
15c
Jan
20c
Apr
9
9%
215
10%
Jan
Jan
1£%C
nil
.
274
Apr
High
Aldermac
Copper
Steel
common.;
Algoma
Aluminium
Ltd
20c
___*
9
•
common
.
Aluminum Co. of Canada 5% pfd. -100
Anglo Canadian Oil——-___ -i—
*
Anglo Huronian Ltd
——————
Aquarius
Area
Gold
Mines
Arjon
Mines
Mines
—
1
•
89%
91
89%
98
97%
265
98
63c
62c
63c
5.75
5.75
60
5.90
1
—
Ltd—_____—_____
Gold
10c
_•
3,400
:
600
88
96
58%c
91c
4,000
55C
17c
23c
22,300
17c
.
13c
10 %C
15c
42,900
35c
58c
221,400
500
Ashley Gold Mining———
l
674c
6%c
Astoria Quebec Mines—
i
17 %c
17c
19c
74,950
__1
74c
71c
87c
229,300
1
3.65
3.65
3.90
2,950
—l
18C
18c
19c
5,375
Aumaque Gold Mines
Aunor
Gold
Mines
——
Bankfield Cons Mines—
———-L-
17c
Bank of Montreal ———100
Bank of Nova Scotia—
100
Bank
Base
of
Toronto
Metals
235
15
149
234
—
& Radium
Seattle Gold Mines Ltd——
-Beatty Bros class "A"-.
—15
Canada—I
—<
Buffalo
Ankerite
Gold
1
Bidgood Kirkland Gold
Blue
Ribbon
Corp
Bonetal Gold
Mines
Mines,
Ltd-!
36%
Jan
Bunker Hill Extension Mines—.
3%c
75
Jan
Burlington
Steel
1.79 Mar
Calgary & Edmonton Corp Ltd
Calmont Oils, Ltd
;;
1.86
Feb
Canada
Bread
Class A
Jan
Jan
10%
Apr
Feb
1,411
32%
34
265
31
Jan
10% May
Mat
35
'
9*0
$1,000
87
Apr
92
10%
May
Sales
Week's
for Week
Range
of Prices
Shares
Range Since January 1
Low
High
75c 81 %c
574 c
574c
33,675
3,000
3.95
300
874c
29,000
16
16%
215
3c
374 c
10,000
8%
105
1.83
1.90
3,550
70c
Mar
High
93c
Jan
474 c Apr
874 c Feb
3.55 Jan
4.35
574 c Mar
Jan
9% Jan
15%
Jan
17
Jan
3c
Jan
4c
Mar
8% Apr
1
Canada Cement
20c
99
99% Jan
Canada
21c
3,000
5%
175
5
Feb
110
110
10
110
Mar
7
7%
135
105
105
10
103
106
106
32
10474 Mar
46
25
43% Jan
Preferred
_100
Canada Cycle & Motor preferred- -100
70C
20c
5%
110
46
100
Apr
Co
.
6.75 Mar
Canada Packers
1.01
Canada Permanent Mortgage —_. -100
Canada Steamship Lines common.
*
Apr
25 %C May
9%
Feb
Jan
May
25c
6%
112
Feb
Jan
Mar
7% Apr
107% Apr
106% Apr
46
Feb
_
Cable
&
18c
Jan
58c
Jan
Canadian
Commerce
874 c Jan
Apr
Canadian Breweries common
28c
87c
May
Jan
99
Mar
145
Jan
153
Mar
10%
10%
245
9"% Jan
34%
65
31% Jan
35%
65%
65%
20
65
67% Mar
92%
preferred—_100
9c
24c
90
30
92%
Apr
12% Mar
Feb
May
4%c Jan
5
150
34%
10%
c
A
95
149%
'IIBo
—
Wire
6%
2.24 Mar
95
Preferred
Canada
19c
Apr
May.
5%
■
common-
Malting
1.82
7
common
——
3.20
Apr
Jan
iiV2c Jan
4.15
Jan
23c
Feb
12c
148
233
4
230
12c 13 %c
12,200
10c
Apr
May
24c
May
157
Bank
of
Preferred
Canadian
Canners
preferred
common
*
-
—
—*
-
Canadian Car & Foundry common-.
New preferred Celanese
Canadian
Dredge
Jan
Apr
236
Mar
Jan
13%cMay
36c
Jan
1.15 May
10
91
85
128
Apr
7
7%
675
5
Jan
43
85
40%
Feb
Jan
*
25
97/a
25
225
2274
Jan
24
Mar
13%
335
12
Jan
14
Mar
295
8% Jan
8%
8%
8%
25%
25%
91
8
Apr
24% Jan
37
10
3574
17
Jan
97/a
28
215
15
Jan
52
53
37
44
Mar
53
41
42%
20
27
Jan
47
75 %c
*72c
76c
20,350
———25
10%
10%
11%
9,975
10%
l
95c
95c
97c
2,775
90c
Gold Mines- —1
1.67
1.67
1.72
2,860
1.62 Jan
12c
9,800
874c Jan
600
3% May
-
Canadian Malartic Gold Mines—_*
1.15
363,697
1.84
17,460
Jan
Canadian
2974
30
20
2174
Jan
31
Apr
Castle
18%
18%
25
15
Feb
20
289
151
Apr
974 May
157
Jan
Central Patricia
10
Feb
Central Porcupine Mines——. —1
67c
Jan
Chateau Gai Wines
10
Feb
Chemical Research
16%
60c
Mar
May
Apr
80c
Jan
12%
Feb
Apr
154
17
Feb
Mar
39% Feb
17% Mar
*
—*
——
Feb
9%
23%
*
& Dock Co
Mar
13
25%
common
Canadian Food Products
Mar
8% Mar
45
23
13%
37
-
.
93% Mar
136
9%
20
———
Conv preferred
Canadian
245
7%
•
Jan
May
131%
•
130 131%
42%
100
153
152
9%
20
42c 4574 c
42,333
9%
44c
*
7
7
1,000
1.70 Mar
37c
Jan
7
May
2.45
Pacific
Ry
Trethewey Mines-
11 %c
374
Corp-:—1
8c
9c
11,500
674c Mar
1074c Jan
27c
12,914
20c
Feb
2874c Apr
Cochenour
25c
Willans
Gold
•
12
11%
12
1,630
11%
Jan
1274 Mar
'Coin
conT~*
22%
22
22%
953
21%
Apr
24% Mar
Conduits
22
21%
22
22%
Jan
Coniaurum
19%
2074
246
24%
Jan,
1.20
1.40
195,579
"" "*
1.32
.
1,640
21
Mar
19% May
69c
Jan
1.40 May
Mines-
1
———
Lake
;
*
1.
25c
3%
30c
3,900
22 %c
1.25
Apr
1.72
Feb
1.80
Apr
2.08
Jan
12
45
2274 c
25C
26,100
5
5
8
1.38
1.40
875
Consolidated
Bakeries
*
15
15
20
Consolidated
Mining & Smelting—.
5
40%
41%
410
v
r.
•
Mar
3,710
10,300
1.40
$
48q
Feb
Jan
1.30
*
For footnotes see
page 2003.
4%
Feb
1.82
Mines—
——
1.92
13c
1.79
5
Co —
Jan
1.15 Feb
11%
1.79
1
Natl
17c
Jan
Mar
1.25
Chesterville Larder Lake Gold Mines—1
25c
20
9%
9
8%
—
27c
British Dominion Oil
100
May
8%c
—
Mar
*
6c
16%
Cockshutt Plow Co_
Bralorne
10
Low
79c
Building Products Ltd——.
i
Brazilian Traction Light & Pwr
British American Oil—
British Columbia Power class A
--
90
■
Buffalo Canadian Gold Mines—.
.-—Hi
———
75
18%
3.90
74c
__1
common——
Bob Jo Mines Ltd—
Jan
9%
—■
574 c
1.75
__5
—_
11
10
Mines—
95C
—100
.
110
1374
18%
10
Sale Price
1.81
18%
_.
•44
12
1
Class- B
Bell Telephone of
Bertram & Sons
Jan
••••
Apr
i
*
„«...
32
May
.1951
3s————
Canadian Locomotive
Bear Exploration
27
May
May
35c
234
-
.
39%
3
10%c May
27
233
12o
19,100
20c
148
—100
Mining—————
15 %c
3974
Apr
10
Broulan Porcupine Mines, Ltd
Brown Oil Corp..
1st
Bagamac Mines
Mar
14
Canadian Bakeries
——
Armistice Gold
Feb
17
9% May
Mar
17
Jan
Jan
14
Feb
2% Mar
Jan
May
Feb
15
156
Feb
5.75 May
90C
17c
49c
1
8% Mar
18
13
15
250
—
Pacific Consolidated Oils— —1
Alberta
16% May
100
3
Jan
3%
237
15%
13%
Last
2%
-100
39%
17
13%
15%
10
STOCKS—
for Week
Shares
Jan
Jan
6
13%
15%
Par
of Prices
Apr
5
May
9
MARKETS
LISTED
Sales
Range
11
37% Mar
Bonds—
Scullin
Exchange
Week's
Jan
9%
Canadian Funds
Friday
35%
11% May
16%
17
—
Friday
Toronto Stock
300
Jan
2%
Sterling
Wagner Electric
5%
Jan
7
1
common...
Scruggs-V-B Inc common—.—— —5
1
Aluminum common—
—10
Stix, Baer & Fuller common.
—
27% Mar
774
"A"
329
9%
Zl3
Louis Bank Bldg Equip common
Louis Pub Serv
37%
5%
e
Dry Goods common—
St
High
37%
37%
5
common ..———
Missouri Portland Cement common.-25
20
4
11% May
25
400
7%
100
4
May
11%
8%
1
.
Apr
13
11%
17
17%
24
Jan
774
4
Duquesne 'Brewing——5
Fort
Feb
11%
11%
Low
13%
23
20
11%
25%
13%
80
13
5
8%
common
Columbia Gas & Electric common—*
Devonian Oil •——10'
Apr
Apr
5% Mar
24
Hydraulic Pressed Brick preferred-.100
International Shoe common
i
•
High
30
13
Huttig S & D common—;-—
Shares
7%
23%
24
Elder
25 %
8%
5%
Apr
Jan
for Week
Range
of Prices
Feb
5%
Jan
Sales
"Week's
Last
23%
2%
McQuay-Norris
Friday
55
220
36%
Jan
Pittsburgh Stock Exchange
Sale Price
28%
Apr
2274
49
6% Jan
1% Mar
Laclede-Christy
STOCKS-
100
114 Mar
15
83
2614
Jan
31%
175
18
2574
1
337
34
1%
33%
Improvement—1%
-—'——10
Gas
United
114
1
common——__
High
Low
7
574
Columbia Brew common———.—5
Corp
Range since January 1
High
28%
10
Shares
of Prices
Low
l
Burkart
Century
Sales
for Week
Range
Sale Price
American Inv common
Exchange
Week's
10% Mar
1%
593
New York Curb Exchange Associate
Jan
1,356
245
25
United
Bell Teletype SL
Feb
3,793
30
Transit Invest Corp common——.__25
Preferred
CEntral 7600
Chicago Board of Trade
Chicago Stock Excb.
Associate Member Chicago Mercantile Exchange
Jan
40
common—„——.——*
Paper
Missouri
\
30% Mar
32%
974
1871
4th St., St. Louis 2,
New York Stock Exchange
7% Mar
574
•
25% Mar
Apr
Edward D. Jones & Co.
Mar
Mar
4074
29%
1714
29%
—1
Corp
•
8% Mar
Par
Salt Dome Oil
30% May
27% May
33% Feb
21%
135
30%
9% Mar
Mar
27
Jan
Apr
32 %
29%
30%
6% Feb
10
100
#
Feb
Feb
St. Louis Listed and Unlisted Securities
Jan
574
.7%
514
5%
29
29%
162% 162%
19% 1974
24
2414
117% 118%
—
774
2774
Apr
15974 Mar
5%.
5%
29
7%
27%
Apr
Jan
Jan
Apr
9%
5%
9%
5%
7,000
1%
Feb
High
18
112
27
170
1,116
—
1%
100
174
1
Members
Lehigh
May
1% Mar
Jan
V-
1%
5
—
50c
100
85c
22%
Springs
6%
2,364
85c
Westinghouse Air Brake
156
95
5-%
4274
39%
~
—
8
r
'
Engine & Foundry
Vanadium Alloys Steel
Shares
Feb
Apr
;
United
for Week
of Prices
Steel
Standard
.
Sales
104
7%
'
Philadelphia Stock Exchange
Jan
840
12%
<■
San Toy Mining—.—
May
101
87/a
85c
I™——'*
"III
Pitts Screw & Bolt Corp-
18
19
~
May
8%
8
•
C
Pittsburgh
103
High
17
37/a
—-—I
Corp—
Fireprooflng
Low
75
18
■
.
Fuel Supply
Mountain
'
Range since January 1
Shares
High
103
common
McKinney Manufacturing
National
Low
17
preferred
Co
Star
Lone
for Week
Range
of Prices
Sale Price
STOCKS—
.
Sales
Week's
Friday
Sales
Week's
Friday
Sale Price
STOCKS—
FOR WEEK ENDING MAY 13
1174 Jan
1574c Jan
12% Feb
28c
Feb
5%
Jdn
1.36 May
Jan
15
1.70
Jan
15%
Feb
3874 Jan
42% Mar
5
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
(Volume 159
CANADIAN
LISTED
2001
MARKETS
RANGE FOR WEEK ENDING MAY 13
.'v:y.
,0•
Friday
'\'v'East
•'"
Conwest
Nest
'•
—
21
65c
"a 13c
15c
1
Delnite Mines
2nd preferred
Fire
Dominion
Foundries & Steel com
Insurance
Dominion Steel
Dominion
Stores
Dominion
Tar
I
Preferred
Mar
19
23
25
135
6
22%
23
1,035
29%
May
Jan
155
22 Vs
21%
Jan
23-
8%
Jan
9%
Feb
11
Jan
Mar
Apr
106
914
100
105
105
350
4%
43A
125
17%
18
800
32c
7%
120,300
104
3%
11
18
•
8%c
8%c
9c
12,100
8%c
Eastern Malartic Mines
1
1.77
1.77
1-85
9,150
1.66
*
8%
8%
8%
210
Oil-
Feb
May
25
34.
34
34
120
Mines
Fanny Farmer Candy Shops
»
3.40
3.40
3.50
1,575
1
33%
32%
34
600
Federal
*
5
6%
4,500
Economic
Investment
Trust
Apr
12 %c
Jan
2.00
Jan
Jan
Apr
29
9
Mar
Jan
8
Grain
Federal
common—
Kirkland
Aircraft
■Fleet
Ford
Co
1
Mining
Gold
3%c
6c
*
6c
class
3
3
*
24
23%
24
47c
52c
4%c
32,000
8%
8%
25
;
314
240
5%
Power
*
common
—
Gold
Nipissing
Lake
God's
2uc
18c
Ltd
Mines
Eagle
"
1
Golden
34
Gate
Jan
Gold
May
Omega
6% May
7%c Mar
Orange
Jan
Feb
9% Mar
Feb
2%c
107/8c
10c
12c
54,000
2%c
1
Co
Goodyear Tire & Rubber
Preferred
Mar
Jan
15c
Jan
1,000
I %c
Jan
85
84%
Feb
53
53
53'A
75
4c
4c
Oil
9c
Preferred
*
Gold
Gypsum
Lime
Halcrow
Ltd
&
21c
17,350
g%
6%
10
7c
5,000
20c
*
Halliwell
Mines—
Gold
Ballnor
1
1
Mines
common
Hamilton
Theatres
3.00
5%a
a.
Peoples
May
87c
Jan
45c
Apr
69c
Feb
2.00 May
4
373
3%
Jan
4'/8
8
8
10
6%
Jan
9
•
Refining
j
•
42c
Gold
Mines
Gold
93%
•
Ltd
1.22
5%c
Feb
Prospectors
10c
Mar
Apr
Jan
53c
4,300
3c
Jan
68c
Jan
42c
Apr
100
;
94
30
1.27
2,641
Gold
Rock
Mines
May
May
57/a May
Jan
24
Jan
21c
May
7%
Jan
Jan
.
Mines
1
1
Harker
Gold
1,500
35,000
3%c Jan
7%c Jan
33 c
33c
37c
14,500
28c
43c
4%
92C
*
4%
90c
200
92c
16%
•
16%
7,100
60
6c
4
Highwood-Scarcee Oils—..
Hinde
Dauch
&
Paper of
*
Canada
Jan
% May
Mines
2.05
Hollinger Consolidated Gold Mines
5
C
1.15
Jan
Jan
17
Mar
1.84
2.09
1,675
2.25
600
1.43
1.40
1.52
2,700
1.40
1.45
5,000
95c
95c
99c
8,600
89c
2.45
2.45
2.50
3,490
2.32
Jan
8.25
May
~
__1
8.50
8.25
8.50
600
35c
35c
35c
1,800
Queenston Gold Mines
l
92c
92c
97c
7,635
Quemont
•
31c
31c
39c
24,500
5c
5C
500
7%c
—
—
Mining Co
Reeves-Macdonald Mines
Roche
1
Long Lac
1
Jan
16
Jan
2.26
Jan
2.10 Mar
2.47
Feb
1.26
1.73
Jan
1.24
Feb
Mar
30c
Gold
Howey
120
May
»
500
12c
85c
7
————_
8'/2C
11,300
49c
59,700
139
39
20%
100
255
20%
355
25
26
130
255
t-rri'
10
common
5%c
Apr
Lawrence Corp class A
San Antonio Gold Mines Ltd
1.29
Jan
Sand
II
n3/4
430
3.25
3.35
3,650
3'/2c
4c
6,500
3'Ac
5,700
26c
27c
28%
16
15'A
*
i'V/-/•
i
Bank
of
Canada
•
r
*
27c 29'/2c
16
;
5
•
~
.
287/b
:
'
t16
«? 4
f
A
Jan
Mar
Apr
Apr
5
11
Feb
161
Jan
St.
Jan
166
167
21
13'/8
13 y4
3.049
11
11 '/2
165
8
8
50
6'/2
Jan
54'/2c
Feb
International Metals
common
__
*
A
Preferred
72 »/2c
19y4
100
International
Milling
International
Nickel
International
Petroleum
4%
57c
83c
18%
19 y4
110
•
28'/2
28'/2
29
•
common
20%
20'A
20%
Apr
10%
1,325
109
__
12%
60,950
100% 101'/2
__
preferred-100
255
60
13%
13%
20
4 V8c
Waite
Mining
Jacola
Mines
Jason
Co
1
Mines
Jellicoe
J.
M.
Consol
—
12%
Jan
4%c
7c
May
33c
20
Jan
19%
Jan
199
50
;
13
3.65
2,181
3.50
6 %c
1,500
5c
Senator Rouyn, Ltd
1
36c
*
Jan
15
Creek
Jan
16
May
Lake Dufault Mines
Gold
End
May
20% Mar
31
6.555
19%
Apr
23
5c
Jan
14c
Jan
Jan
Lebel
Oro
Leitch
Little
_
Ltd
Standard
Gold
Mines
May
95c
93c
95c
9.220
90c
Jan
1.17
Steel
Co
15c
19c
9.100
1.55
1.70
3,500
1.26
16.700
1.15
16
15
16%•'
5.90
10
Apr
Feb
19c
May
13c
Apr
160
Jan
1.46
Jan
17%
Jan
5.75 May
14
May
28,500
141%
1.94
80c
150
14
12c
3
15
12c
__
Mines
..1
——...
Ltd.
a
1
*
V
4c
of
6.45
Jan
1.09
16
Apr
6,950
Contact
Preferred
13,200
52c
Gold
Toburn
100
>v
105%
Jan
110
66c
77c
1.26
1,500
20c
Jan
Apr
Mar
.Jan
Jan
65c
3%
Jan
—
2%
Jan
335
10 '/a
Jan
13
150
5'Ac
Jan
25
35
23%
Feb
8%c May
27
Mar
115
63%
■!
-
64
2.48
2.50
:
205
2.70
33,825
17 %c
63%
■
3%
12%
8%c
25
2Cc
4,200
y:
4'/a
Jan
65
Jan
May
2.71 May
20c
Jan
2.05 Mar
2.50 May
61
2.04
15c
2.50
200
6%c
8,000
4%c
Jan
1.70
1.74
11,300
1.60
Jan
1.84
Apr
2.13
2.13
2.20
850
1.96
Apr
2.47
Jan
15%
15%
15%
15
3.30
3.30
3.40
3,910
3.20
Apr
3.85
9%
97/a
5
8%
Jan
11
Jan
110
110
15
May
112
Apr
90c
95c
900
*
I—100
1
•
common.
92c
*
28
Co
—100
28
5
52%
52%
45
99
99%
.——1
Co_.
28
52%
-
--
14
99%
17c
15
7% Mar
16
Apr
110
6%c Jan
Jan
1.10
15,805
Jan
1.24
Jan
24'A
24 V4
25
420
21%
Feb
25%
Apr
23%
23%
24'A
195
22 %
Jan
24%
A
90c
Apr
28
Apr
30
Jan
52%
Apr
53
Apr
Jan
100
85
1.15
United Fuel
class
.—.A—^-->'—25
Oilsl7_„..*
United
5 %
21c
May
Mar
54c
May
6%
Jan
8% Mar
.
25
^ 850
^ 30
24%
Apr
27%
14%
70
12
Jan
16
5%
5%
128
5
Feb
5c
'
5%c
Apr
jMar
40c
14
B
Jan
15c
25
*
Jan
13,500
51c
5%C
3,000
7%
7%
7%
———1*■
—
Apr
11,066
21c
49c
21c
.
—*
class
Feb
1.70
1
Transcontinental Resources
Corp
Apr
2.50
III—50
United
Apr
5%c
5%c
1
Trusts
Mar
1.40 May
8 %c
—
Exploration
5c
Jan
12%
Mar
28*c
May
22,000
3%
—_—
Union Gas Co
1.27
20c
1.40
12%
—-A-——*
General
Towagmac
23
3%c May
20c
.
1
Mines—
Elevator
7.500
-
4c
20% Jan
1.26
•
*
Preferred
Toronto
3%c
3%c
•
Mines
Feb
90o
Jan
Apr
Feb
11% May
19
Apr
21%
Mines—:
——————;—.
Apr
5c
Jan
Feb
5% May
May
7c
Jan
5
Apr
Apr
;
98c
—-
*
Mines, Ltd
61c
21%
Teck-Hughes Gold Mines
15c
•
A
55 %c
*
Tip Top Tailors common...:
14%
Apr
May
56c
common
Tamblyn Ltd common
Jan
Jan
Apr
12
21%
Mines
Gold
Mines
Cons
Jan
1.03
Feb
11% Mar
Mar
——*
class
B
Canada
6c
2c
79c
Feb
*
River
13%
3,000
1.05
1.07
3 %c
10
42c
'
14 %
735
1.224
6c
Feb
9,937
*
Rock Iron
Sturgeon
Feb
5.75
1.363
8.75
47c
Stedman Bros
Class B
Groceterias
Macassa
80c
-.1
Candy—....
Long Lac Gold Mines Ltd..
Class
Apr
—
11%
*
15%
30c
5.75
715
44c
Sylvanite Gold Mines. Ltd
6,420
16%
Mar
12,233
47c
common
Jan
28,200
1
65c
70c
107/a
180
Radio
4c
80c
1
Paving
Sullivan
9.25
*
1
.
1.08
100
Preferred
Standard
Sud
May
May
14
*
Sudbury Basin
10%c Jan
90c
108
*
Feb
Jan
2,000
3,700
11
'
*
Jan
1.55
Jan
16
13
Petroleum
Jan
6'Ac
15 y4
1.55
50c
Mar
13% May
2 %c Jan
107
Petroleum
40c
8.95 May
95c
34c
1
7%c
Apr
Jan
45c
*
Gold Mines.
Loblaw
May
8.95
75
Feb
107
Mines
14
1,068
Feb
7c
1
3%c Apr
l%c Jan
3c
4%c
66c
11%
*
Mines
West
21,500
23c
31
10%
*
B
Springer Sturgeon
Feb
2%c
3.95
100
Malartic
South
May
10,000
Jan
Mar
.20
Siscoe
South
103
1,000
;,66c
common
class
—
8% May
110
5%c
Dairies
12'A Mar
83c
Jan
6,019
1
Mines
Slater
15 y4
1
Ltd..
Mines,
Lamaque Gold Mines
Laura Secord
4c
32c
Gold
15,300
3%
90c
90c
40c
4 %C
50c
1
Ltd
Preferred
Toronto
Mining & Exploration
Lang & Sons
Lapa Cadillac
14c
36c
13%
1
Mines
Mines
Jan
14%
65c
__
Mar
15
169% Mar
Mar
Apr
Mining
Sherritt-Gordon
Simpsons
99
28
Mining
Gold
Snverwoods
108
1.034
Gold
Shawkey Gold
Sheep
Jan
8.95
l
265
Apr
3.55
Jan
1
...
21% Feb
26 % Mar
Feb
6%c
May
1
.
Jan
49c
May
142% Mar
Jan
3.55
Sigma
80
2c
___*
j.
Mines
Lake
Shore
4c
30c
2c
Mar
11c
Apr
25c
134%
6%c
Feb
51
5C
1
Bay Mines
Kirkland Townsite
Labrador
4c
30c
Jan
6c
3.70 Mar
1
Gold
Hudson
Kirkland
Mines
Canada
of
13c
1
Gold
Kerr-Addison
Kirkland
Lake
1
1
—.
Mines.:
Kelvinator
14c
Jan
64c
Jan
1
Steep
Jack
Jan
May
1.25
ll7/8c Jan
1
River
Sladen
167
__
Apr
16
13%
1
Mar
30%
Mar
100
;
13c
16%
11
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
Inglis (John) Co
6
Inspiration Min & Devel
9.50
35c
Apr
26% Mar
80
c
7;
Feb
68c
•3.25 May
270
A
16
9
Jan
15%
ny2
28%
Feb
4%
ll%c Feb
30
•
Apr
38c
2,500
16 V4
*
A
va"
_
7.300
60c
1
class
B
Imperial
6'Ac
4%c May
50
14.760
3.30
Mining & Smelting
Limited
Class
43/4
89c
3%c
Mines
Hudson Bay
Hunts
ny2
Feb
Jan
2.80 Mar
Apr
75c
Feb
1.64
1.09
:
Jan
Jan
*
Industries
Preferred
Mar
6
45c
100
Royalite Oil Co
Russell
Canada
35c
137
'
1
—
of
3.85
•
Oil & Gas
Jan
Apr
13%
2.05
1
«
5%c Mar
1
Oil
Home
Homestead
4%
83c
2.20
1
B
*
Apr
Mar
16'A
16 y4
Feb
Jan
J
Airways
Jan
15
liy2c
„
*
10c
May
1.40
2.75
100
6c
__
Jan
8c
6%C
*
Gold
2%c
165
60c
6'Ac
Hedley Mascot Gold Mines.:——
1.45
7%c
Mining Co
1
East Dome Mines—.—.—I
9%c Mar
i..7. 5_ A Apr
Jan
Mar
5%c
•
Gold
Royal Bank
110
85c
85c
99
Jan
151/2
4%
__
1
1.07
93 % May
1,15 Mar
Shawinigan Water & Power
Hard
4%C Mar
6c
1
of
Feb
1
Securities
Mines
Jan
Mar
52% Mar
Mar
24
1.95
70c
'
1
trust
Feb
Jan
May
45c
1
Mines
Mines
Rouyn
Apr
1.37
25 %c Mar
33,900
89c
? 42c
93%
1.20
9,590
3%c
82c
42c
♦
Mines
Gold
87c
1
:
Preston
3c
.
•
Tubes
Gold
Voting
5% Mar
4
Gold
Jan
6%
Feb
2.00 May
Jan
____*
common,....
Engravers & Electrotypers
Powell
4%
500
Credit
Perron
56%
5'Ac Mar
700
67c
12,058
Malartic
Premier
17c
435
4,070
30c
Paymaster Cons Mines Ltd
Jan
5c
19%
33,200
-
68c
45c
Cadillac
Pioneer
us 119y2
__
*
51/,
i5y2
__
100
Carpet
5c
3.00
H
*
preferred—
4y2c
__
•
.
Cotton
Hamilton
Harding
4%c
1
Hamilton Bridge
7c
__
67c
67c
1.80
Rouyn Merger
Mines
Apr
29c
Porcupine
Jan
4
15
Apr
17c
45c
Hersey
90
20
100
56%
1.67
Pamour
6%c
50
4
22'%
lyc
22V2
1
Alabastine
Swayze
20%
4
' V
—.—.*
:
Mines
20
22%
——*
——
—4
Jan
Jan
45c
&
3'Ac
4,500
48%
4%c
1.69
Petroleum
52 '/2 Mar
400
7%c
Paper preferred vtc,
Common—
Gunnar
4c
7V2c
2.80
1,943
24,500
2
Pickle-Crow
Jan
90
*
Jan
56
16c
*
Pacalta Oils
Jan
15c
2y2c
1
1.89
Feb
1.69 May
*
Apr
22 %c
21 %c
7'/2c Mar
85
Mines
•
Mar
2%c
Mines
Lakes
Great
Gold
Bousquet
Grandora
Jan
Jan
1
Proprietary Mines
Graham
Ltd
Preferred
Photo
7c
85%
,
200
Feb
15%
Mines
Crush
Apr
8c
Jan
50
——
4.70 May
12 %c Mar
Feb
*
common
9c
Mines
Gold
Pacific
1,000
59 %c
Mar
12
20
Apr
common
Okalta Oils
34
Pacific
5,200
May
May
3.90
Apr
16'Ac May
25,993
Jan
8c
Feb
54
200
Jan
5c
2.20
9'/a
Jan
13c
54%
1
200
Apr
4J/2c
Mining..
Goodfish Mining
20c
19%cl9%c
—
5
•
_
500
4
4%c
448,050
5%
55c
_1
_
1.69
46c
25
1
Mines
1.24
2.00
13 % May
Goldale Mine
Gold
-
5%
Apr
5c
1.47
2.15
13% May
46c
Jan
1.99
240
2.00
May
3%c
14%
43:
—
l
Feb
9,000
18
*
ll'A
27,435
500
5
835
18,000
18'A
Mines
13%
•
18
Canada
13 %
6c
18
2.20
*
Empire Miness
Partanen
10c
A
110
1,500
Star Oil preferred
Pandora
4.70
Pipe
5
;
8c
Northern
North
Mar
•
74%
11
Northern
May
5c
1.75 May
8c
25c
Corp
95
4.10
33% May
common
Mining
23'A
8'A
Ltd
Corp
Mines
91
9y2c
33% May
common.,
Noranda Mines
A pi¬
4.30
53% Mar
Norgold Mines
Jan
5'/2c
Jan
•
93
9y2c
46%
1
84
1
Feb
National Steel Car
25
1
22%
Negus Mines
90
1
Apr
33%
94
Mines
Feb
18%
10%
91
Giant Yellowknife Gold Mines
Gienora
47c
33%
94
Gillies Lake-Porcupine Gold
Mar
11
89
13%
83%
36c
33%
—
•
Jan
4,500
*
89
General Steel Wares
5
39c
*
100
prererred
79
37C
;
1
240
.'-100
preferred
5 V2 '/o
__
79
39c
—100
51
Co
Mar
May
4,700
50%
Breweries
8
56c
209,200
50%
National
Jan
Jan
100
59c
1.80
1.612
33c
3
6
19%c
7%
50C
1.75
21
Page
Gatineau
7%
56c
19
Feb
3%
704
50c
A
Mines
7%
21
Jan
27
1,600
•
__
Canada
of
Francoeur
—
3.05
Apr
Jan
1.80
Light Heat & Power
Corp common
O'Brien
Nickel
Falconbridge
Apr
27c
24c
._*
•
Apr
32c
Jan
9c
Jan;
Mar
Feb
5%
Jan
Jan
May
L *
;;
♦
Apr
10
Easy Washing Machine
Crest
—*
Gas—
Knitting preferred
Porcupine
Moneta
Normetal
East
&
Montreal
Sewer
375
25c
;
.
——
National
10%
25c
15c
Petroleum
9
1
7c
14,900
Grocers
10%
Co
132.400
National
9
—
27c
15c 16 %C
National
10%
17%
18c
15c
23% Mar
Apr
——*
100
24c
•
May
135
Apr
com—*
—1
Mines—
Mar
163
Jan
May
135
Jan
7
,
59.630
Monarch
Jan
4c
42
210
& Worsteds
4.500
45c
Feb
7%
20
Mining
Duquesne
163
25
55c
3%c
36c
Moore
1,565
2614
High
5%c Jan
3%c
42C
Mining Corp
7
Preferred
Low
3%c Jan
36c
3%C
Mercury Mills
Mid-Continental Oil
1.02
33% Mar
Range since January 1
High
Mines—
Graham
Gold
Low
-1
Jan
common—*
.
Woollens
McWatters
2%c Mar
1,510
McVittie
Par
Gold
—
Lake
Red
Apr
7%
——
Chemical
&
2,500
23
23
; -
Shares
Apr
2a
B
class
;
3'Ac
McMarmac
18c
Jan
41%
135
—
•
70c
1,100
162
—
for Week
—1
37
Mar
12c
5,100
■'■! ;
Mines
90c
Feb
85c
25
162
*
—100
Dominion
Dominion
25 ;
100
Bank
Dominion Fabrics
Mar
60c
Jan
May
23% Mar
Apr
34
3c
—
'
.-<■
39
—
•
.
85c
—
_1
Denison Nickel Mines—
Distillers Corp—Seagrams common
Dome Mines
Dominion
14 %c
Sales
Range
Sale Price
i*".
r
McLellan Gold
1.57
21
50
100
Jv
134%
1.15 May
95
35 %
65c
High
Jan
128
20,500
21
35 %
—
•
Low
140
1.57
35 %
*
Petroleum
Davies
Corp
1.15
STOCKS—
Range Since January 1
High
130% 132%
1.40
100
Coal
Pass
Aircraft
*
Mills
Imperial
Crow's
130%
—
Cosmos
Cub
' Low
100
Week's
Last
Shares
of Prices
of Prices
Friday
for Week
Range
par
Consumers Gas (Toronto)
Sales
Week's*
Sale Price
STOCKS—
'
United Steel
"
I
a_
3.60
3.70
1.810
Jan
3.95
Feb
1
2.15
2.12
2.24
5.725
2.12 May
2.55
Jan
Madsen
1
1.85
1.80
1.86
7.900,
1.60
Jan
2.04
3.55
3.90
3.35
Jan
l%c Mar
3.95 May
3c
Jan
10
Jan
15
Feb
Jan
10
Feb
13
Feb
15
May
4%c
Apr
4
3%
Feb
2.40
2.55
6,869
1.96
Jan
2.55
7.30
7.30
7.50
5,721
6.00
Jan
10c 12
%C
92.500
7.50 May
19c
Jan
17c
17c
1,000
4.85
5.25
3,856
...
•-
:■"
990
:
Apr
Feb
3,60
'3%
2.40
•
——_....—1
Ventures, Ltd.
MacLeod-Cockshutt Gold Mines
4
1
—
Upper Canada Mines Ltd
Red
Malartic
Lake
Gold
Gold
Mines
Fields.....
1
Manitoba & Eastern Mines
*
2c
2c
7,000
Maple Leaf Gardens
*
12
12
55
_io
8%
8%
10
14%
15
540
5%c
5%c
7,250
2c
26.400
1;
3.40
Vermilata
Vulcan
Oils
Oil
Waite-Amulet
Maple
Leaf
preferred..—.—*
Massey-tiarris
—
common
Preferred
.......
Frontenac
common
Preferred
Mclntyre
McKenzie
—1
Lake
For footnotes
see
Mines.—
Mines
page 2003.
5%c
*
Gold
Worts
com
8%
8%
250
7%
21%
21
21%
315
19%
Jan
7%
7%
7%
105
6%
Apr
105
105
5
55%
56%
1.35
1.39
»
—ft
1
8c
Jan
61
20'A
21%
1.390
25c
8,150
89
preferred——100
84
common
•
1
385
58%
24 %c
.
16%
15%c
16%
15c 18 %c
4.50
Apr
May
Jan
24c
Mar
Feb
5.30 May
63
Mar
20% Mar
21% Mar
57%
23c
Apr
26c
205
75
Jan
94 % Mar
130
15
Jan
16%
4c
Jan
20c
6
116,500
Feb
Feb
May
Jan
9 %
Ltd
21
———1
Mines
Western Canada Flour
Westons
58%
4.85
9%c
17c
'
.-20
.100
Porcupine
Red
f%
Wendigo
Wiltsey-Coghlan Mines
Maralgo Mintes
McColl
...
—*
•
•
&
Preferred
—
Milling
Ltd
Mines,
Walker-Gooderham
Preferred
common.
10c
_———_—1
•
—
—"
1.36
102
Feb
2'1% May
8%
Feb
Preferred
Wood
55
64%
66
575
90
90
5
3.15
3.461
*
————.—.——
Alexander
Mar
106
Mar
450
55 y2 Mar
61
Jan
Ymir Yankee
6.970
1.35 Mar
jan
York
1.56
6%
Jhn
1st pfd—100
Winnipeg Electric common
&
Wrlght.-Hargreaves
James
Mines
Girl Gold——
Knitting
Mills
common
6
6
*
3.10
3.00
—*
4c
3%c
4c
2,000
7%
7%
20
*
Apr
7%
60% Jan
69%
90
95
2.95
Feb
Jan
Apr
Mar
Jan
3.50
Jan
3%c Mar
4%c
Feb
6%
Jan
7 % May
LISTED MARKETS
CANADIAN
FOR
RANGE
Monday, May 15, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2002
WEEK
12
ENDING MAY
LasL
Exchange-Curb Section
Toronto Stock
Last
of Prices
Consolidated
Oil Co
Dalhousie
Oil
1.80
1.85
300
51'/a
25
1.15
1.600
5%
6%
4.777
33c
33c
500
27 'A
20
1.20
1.25
1.500
17
17
200
Silknit
Ontario
common
Metals
Mining-----Mines &
Oreille
Temiskaming
Walkerville
Brewery
.1
8c
8'Ac
3%
3%
——
3%
10
2.00 May
Jan
Feb
Feb
11c
3%
Jan
1.85
Jan
1.72
Apr
8c
1,500
8c
Mar
49c
Jan
1.31
Feb
May
5c
Feb
1.00
15o
250
Mar
1.45
17
Apr
3¥bc Feb
14.600
1.40
1.35
Jan
29
Jan
1.15 May
115
30c
26c
27c
•fl
Mar
18
Feb
15%
8.000
Jan
41c
Jan
24%
2.00
2.00
______
Osisko Lake Mines—
Pend
4%c
Feb
6%
Jan
12%
15
27 y4
4c
May
1.40
31'%c
.
——
52
5*4
15'/a
1.20
May
1.00 May
15'/a
15%
Selections
Oil
51
Apr
Ltd
for Week
v
Low
Par
•
common
21
19
Jan
243/4 Mar
10
93
Jan
983/4 May
1
983/4
Lawrence
St
Class
St
Corp
Mills
Simon
100
Jan
13
Apr
15%
Jan
33
300
32
Apr
33
Apr
46
Apr
53
Jan
13% May
16
46%
48
87
13%
14
2% Mar
1.646
13'
128
Feb
141
May
50
11
Jan
14
Apr
May
*
108
108
11
108
*
—25
*
64
64
177
63
Feb
71
71
160
69
Jan
11%
11 ¥4
128
10%
Jan
Brothers
United
Steel Corp
Wilsils
Ltd.
6%
Preferred
Last
Range
Sale Price
STOCKS—
3
Algoma Steel
Apr
120
Jan
18%
Feb
22
Apr
28%
15
27%
Jan
28 '/4 Mar
Jan
136
May
147% May
135
pfd
of Can
Co
Aluminum
Asbestos
& Paper class
Power
Bathurst
Co of Canada
Brazilian Traction Lt & Pwr
Bell
Jan
10%
88
Jan
98 %
98
5
96%
Jan
100
Jan
49
40
47
Jan
49
Telephone
20
19%
20
405
18% May
22%
22%
22%
235
21%
23%
14%
14%
14%
152
153
152
13%
175
22
22%
1,111
20
20
20%
21 ¥4
A
Corp
Power
Col
Class
B
Preferred
Foundries
Iron
Canada
Northern
Canada
Canadian Bronze common
Canners Ltd 5%
& Foundry
Canadian Car
pfd
Preferred
105%
10.100
9%
16%
Apr
7%
Jan
103% May
8%
335
•Class
Alcohol
Ind
Canadian
10%
10%
156
9%
Apr
12%
Feb
34% •
34%
34 Va
50
31%
Jan
35
Jan
7%
7%
1.850
5 %
Jan
42%
42%
160
7%
__
41
34
10
32%
23%
23%
15
Locomotive
Canadian
Cork
Seal
&
8%
45
8
Apr
10
Feb
25 3/4
265
25
Jan
28
Feb
38
38
141% 143%
143V4
115
*
Dominion
Dairies
5%
5%
5%
5%
5%
¥.100
& Coal
27
Jan
1,156
10%
Jan
125
11%
Jan
12%
41 %
40%
41%
620
39
Jan
42% Mar
29 3/4
29 ¥4
162
27%
Jan
32%
65
29 ¥4
Feb
33
41%
1,160
33%
Feb
26%
26%
35
23%
Jan
28% Mar
13
13
13
13
Jan
14
5%
104
18
325
17%
Apr
18 Va Mar
23
100
22
Apr
23% Mar
160
16
150
Jan
72
Jail
Apr
89%
.
Paper
Service
Public
Jamaica
Oil
McColl-Frontenac
19%
Jan
12 Va
7
7
21%
97
17
Feb
Jan
16
Feb
24%
50
14%
50
13
3
105
3
8%
8
Feb
Jan
130
Mar
183/4
Apr
22
Jan
Power
Corp
For
of
Canada
footnotes
see
page
2003.
34%
41
14%
50
5
795
1,526
35
37
Jan
Apr
24
Jan
33
Jan
35
Mar
40% May
43
Jan
15%
Jan
Jan
13%
20
35
15%
56
815
48%
Jan
455
23%
Feb
25
125
43/4
55
May
20%
960
13%
43/4
May
126%
164% 164%
*
21
50
13%
13%
Jan
Jan
1,455
26%
13%'
8%
Apr
21
25 ¥4
100
6"%
16
130
20
—J*
1
*
651
6,400
May
3
May
9% Jan
May
297
54%
:
18% Mar
Apr
26
26%
—:
14%
12
54%
common—,——*,,
154
Jan
34%
161
13%
4%
22
Jan
Feb
Jan
Feb
,
Mar
56% Apr
26% Mar
170
14%
Mar
Feb
5% Mar
25
__
*
'
.
6
25
10
24
Feb
25%
3
3
50
class
30
30
•/%••' 125
22
Jan
30
*
8
8
109
6
Apr
10%
Jan
7
May
8%
Apr
ctfs
8
,8
100
22
22
433
20
Mar
22%
Jan
23
Jan
25
Mar
British
American
Ltd
*
British
Columbia Packers Ltd
*
24
24
52
Brown
Co
_1
————100
1.60
1.65
600
Co
common
Preferred
Canada
Canada
Northern
Canada
Starch
class
Ltd
May
21
Apr
Jan
99
Jar.
11
25
11
Mar
15
Feb
145% 146
30
145% May
156
Jan
169
169
70
169
174
Jan
GO
60
15
60
60
Jan
15%
.—100
15%
11
100
Canadian
7%
Vickers Ltd
common
preferred —
Westinghouse Co
—
—
Canadian
Alcohols
Commercial
Ltd
common
Consolidated Div Sec class A
Preferred
—
—.
Oilcloth
Donnacona
Paper Co Ltd—
3
pfd—4
Int
Foundation Ltd
6Vo
common....:
1
—•
Massey-Harris Co Ltd 5% pfd
100
McColl-Frontenac Oil 6%
pfd—^.100
Melchers Distilleries Ltd preferred—10
&
Power
MacLaren
Island
Power
May
Jan
3
175
'
16c
Feb
Jan
24
Jan
29%
28%
Jan
32
7%
280
2%
5
3%
28%
3%
Feb
3%
33% May
Jan
315
Feb
9 % Mar
Apr
2% May
25
33%
Apr
Mar
5%
3% Jan
25
Jan
Jan
4
24
23%
24
190
23%
Apr
24%
20
21%
599
20'
Jan
23% Mar
45
Feb
46
Apr
20
Feb
46
46
..
27
100
17%
Jan
17%'
17%
-5
i 16%
Jan
26%
26%
120
19%
19%
v
Jan
17% May
"
Feb'
20"
3 V-
2% May
27% May
2%
Feb
/ 49%
Feb
2%
49%
3
48
Apr
20'A
•
2'/4
49 Va
■
20%
210
18
Jan
21% Mar
21%
550
1.19%
Jan
21% May
15
103%
Jan
105% Mar
21%
21%
105
105
8%
8'A
25c
97%
~7%
25c
97%
37
37.
:
7%
-
7%
7%
5,015
Jan
8% Mar
Jan
11
91%
Jan
98
Mar
45
35%
Feb
39
Apr
Feb
7
50
7% Mar
23%
23%
25
23%
Jan
23%
20%
255
20%
Jan
21
4%
51/4
6
105% 106
20c
20c
•r
■
•
Feb
1.00
25c
2
20V*
Standard Clay Products
,
25c
10
21%
Quebec
Ltd.—100
Walkerville Brewery Limited
.*
Walker-Gooderham & Worts common.*
$1 cumulative preferred
——_*
Western Canada Flour Mills
*
Western Steel Products Corp Ltd
*
8
5
Feb
3%
Jan
Jan
Jan
135
3%
Co
Pulp & Paper preferred—100
Royalite Oil Co —_
Sarnia Bridge Co Ltd A
—
Southern Canada Power 6% pfd
100
Southmount Inv (if as and when)—*
4%
2%
15c
10
23
6
10
2%
Paper Co
1——*
Power Corp of Can 6%
1st pfd..—100
Q'/o N C part 2nd pfd—.——
50
Provincial
Transport Co
—
*
Montreal
5
95
33%
50
convertible preferred
Feb
Feb
7%
20
~*
*
5%
Paints
International Utilities class A—
52
Jan
26%
Inter-City Baking Company Ltd—.100
Int Metal industries Ltd A___—,—*
International
67% Mar
Jan
2
4%
3%
Jan
95
32
—
Jan
Jan
47%
18
26
Shops Inc—1
*
Ford Motor of Canada Ltd A
*
Fraser Companies, Limited
*
Ltd
Aircraft
7
5
40
25
32
.
Mar
5,557
16c
*
5
Aircraft Ltd——.
70c
Jan
60c
Apr
2% Mar
Jan
5
10
com.*
15%
Apr
95
2%
.95
*
*
2%
Jan
1.85
65
52
52
May
15%
1,005
56
51
Farmer Candy
Fanny
Fleet
5%
5%
.
15
*
Linoleum
&
Woollens & Worsteds
31
•
550
_*
Works Ltd
Dominion Engineering
Dominnion
Fairchild
*
common...——_—1
—;
—100
Limited
preferred
Cassidy's
l'/o
—
——100
Ltd
*
'
60c:.
60c
Canadian Power & Paper Inv Ltd com.*
■
1.90
1.85
1
Co
Marconi
31
Jan
97
11
B—*
Canadian Light & Power Co
Canadian
May
90
Rand—_—
Ingersoll
1.65 May
Apr
20
50
1,015
31'
20%
94
100
100
.
—
1.55
45
31
20%
•
pfd
Ltd
preferred
Canadian
7%
Power
Co
Industries
Canadian
7%
Sugar Co
Dominion
&
May
5
of Vancouver
Oil
4% Mar
Jan
——*
A..
Corp
Power
2%
7 %
22C
7%
82
4% May
104%
Jan
17c
24,044
May
Jan
Jan
5%
Jan
106% May
30c
Mar
5%
Feb
7% May
1.75
23
Jan
3% Mar
1%
3%
59
591/4
90
21 %
21%
21%
65
20%
Jan
21%
85
87
40
85
Apr
87
12%
3%
12%
3.456
57%
Feb
11% Mar
100
63
Mar
Feb
May
12% May
Mines—
88
15
86
Jan
88
Apr
50
34
49
Apr
52
.Tan
13%
13%
11%
.Tan
13% May
Arno
Mines
*
Corp Ltd
Inspiration Min & Dev Co Ltd
1
J-M Consolidated Gold Mines..
1
Joliet-Quebec Mines Ltd
-1
Kerr Addison Gold Mines
—,—1
Kirkland Gold Rand Ltd
—1
Labrador Mines
1
Lake Shore Mines Ltd
——_.1
1
O'Brien Gold Mines Ltd—
—_1
Pamour Porcupine Mines Ltd—
*
Pandora Cadallic Gold Mines Ltd
1
Pato Cons Gold Dredging——1
Red Crest Gold Mines Ltd
•—*.
Shawkey Gold Mining Co ——...1
Shen;itt-Gordon Mines Ltd
■—.1
Goldfields
Malartic
Mines
Gold
Ltd—
2%c
~3%C
2c
Jan
200
63c
Mar
3%C
3%c
2%c Jan
5,600
8%c
11,500
20c
9c
i6c
8c
Mar
70c
May
500
3c
500
l%c
Jan
3%c
7%c
8c
1,140
3c
Jan
14c
9.20
9.20 Mar
4%c
36.600
Jan
1.58 Mav
900
Mar
Jan
70c
10 %c 16c
Jan
Mar
2%c
55c
50
Apr
3%c Jan
68%c
9.20
Tic
9.95
16c
1.80
Jan
Jan
Feb
May
Apr
1.58
1.60
16%
16%
9
15%
Feb
16% May
3.60
3.60
200
3.40
Feb
3.90 May
1.70
1.78
Jan
1.600
1.38
1.25
1.27
1,300
1.24 Mar
8c
T.70
8c
2,000
5C
7C
5c
5c
1,000
70c
150
Feb
Jan
4.15
Apr
Jan.
9c
Jan
4c
3%c
10%
50
20c
11
46c
500
56c
1.300
53c
1.70
1.72
2.300
Apr
42c
55c
20C.
3.00
!
20c
3.15
1.000
330
Jan
Mar
68c
46C
Mines Ltd
1
Exploration Co Ltd.——1
Wright Hargreaves Mines Ltd—:
*
Jan
10c
11
—1
Apr
1.45
Jan
3.40
7,000
68c
7c
4.10
6c
1.95
7c
650
4.00
1.72
Cons
11,000
3c
55C
Towagmac
4,600
3c
70c
RIaden-Malartic Mines Ltd*,—. 1
Sullivan
Jan
15c
20c
72c
5%c
1
Ltd—
18C
72c
_—
Mines" (Quebec)
Sigma
Siscoe
20c
Ltd.
6c
Jan
72c
Jan
11% Mar
Mar
65c
Jan
:
Apr
76c
Jan
1,62
Jan
20c
2.95
Mav
Feb
1.80
20c
3.30
Feb
May
Jan
Apr
88
50
,
May
*
Canadian Malartic Gold Mines——._*.
Cartier-Malartic Gold Mines Ltd
1
Central Cadillac Gold Mines Ltd
1
Mar
20%
Jan
73
Aldermac Copper
23
20%
—
36
Jan
Feb
20
37
Apr
60
Jan
100
.37
—.
27
30
24%
12
19%
1,335
73
& Distillers
Brewers
Jan
2,462
34%
70
Ltd
Bros
3%
Apr
2%
31%
31
Apr
130
__
20
Bathurst Power
Beauharnois
2%
2%
100
——100
& Paper Co Ltd B,—*
preferred
preferred
Beatty
Range since January 1
Low
High
Shares
common——•
& Paper
Power
6%
1%
Jan
Jan
7%
Abltibi
Apr
83
21
Mar
142
for Week
High
Low
22
22%
7
Par
28
Jan
H¥«
STOCKS—
5
24%
8%
Jan
Sales
Week's
Range
of Prices
Sale Price
231
Apr
*
Ltd
Apr
76
3
Jan
Jan
Jan
97
19%
•
Penmans
24
Mar
49
Ogilvie Flour Mills common
Placer Development
Mar
96
595
Noranda Mines Ltd
—*
——100
Jan
21
5
12
-
—*
7% Feb
7
90
310
14%
*
Feb
81%
40%
:_
Feb
20%
13%
Rwys
Jan
108 % May
760
34%
& Pow
16%
Jan
11%
—*
*
Aircraft
13%
11%
—*
Electric
12%
Apr
Corp
Car
6 % Mar
May
12%
common
Lt Ht
5
11% Mar
2.505
Steel
Ottawa
7 % Mar
Apr
13%
Breweries
Ottawa
6%
13%
National
Ottawa
Jan
Jan
National
_
Jan
8
Jan
—-—
common.
110
14%
Tramways
Products
Jan
7% Mar
81%
—
———40
100
Preferred
13% May
11% Mar
108%
30%
Montreal
Ontario Steel
Apr
26% Mar
Telegraph
Niagara Wire Weaving—:
95
106% Mar
Montreal
Car
Apr
10
19%
-
90
Jan
20%
__
*
Montreal Lt Ht & Pr Cons__
Jan
Jan
93
Jan
9% Jan
50
17
•
__
—-100
Montreal Cottons preferred-.
85
Mar
4
16
28%
24%
(Robert)
Mitchell
1,976
29
*.——*
—
16%
28%
.,U; 20%
—_—•
Massey-Harris
739
24%
Structural Steel———
MacKinnon
1.720
97
*
Ltd John A
& Sons
Lang,
5%
11%
__
•
Lake of the Woods common—
90
29
*
Ltd
6%
21%
——100
*
105
28%
25
Ltd
275
8%
Jan
108% 108%
__
common——15
Co
1.270
7%
15%
16
of Canada com-.*
Petroleum
13%
109%
7%
5
common—"
100
Preferred
10
11%
Imperial Oil Ltd
•
13%
Imperial Tobacco of Can common—5
11%
Preferred- ■ —£1Ai;.
International
94
6%
*
—
80
109
.
•
5
•
preferred
90
13%
13'A
109
*
•
100
Preferred
9
94
__
•
common
75
8%
b%
100
;
Bronze
5% May
3'/a
—
Nickel
Jan
14%
Mining
International
Feb
May
4%
55
*
Corp
74
8%
100
Bridge
International
50
Apr
157
Apr
Feb
Jan
Mar
10
105%
6% May
3%
common
Industrial Acceptance
5%
68
155
15%
common....
Preferred
1
195
5%
100
,100
Paper
100
7%
3%
Hollinger Gold Mines
Smith
72
156
7%
7%
15%
Gypsum. Lime & Alabastine
International
Apr
8%
Jan
104
Mar
163
Apr
8
50
*
preferred
5%% preferred
Bay
7
2.025
*
—J—*
5%
Hudson
1.061
9%
105
156
__
prod——
——
Gatineau Power common
Howard
104
*
Foundation Co of Canada
Hamilton
-.:Z "7%
7
7%
•
:
5 % Mar
4 % Mar
160
100
Wares
Jan
17%
•<: :
9
„_
413A Mar
38%
5%
Jan
240
Funds
Last
Dominion
26%
104
(Charles)
Apr
Mar
38%
28
B_
Preferred
Preferred
Mar
29%
32%
100
Dryden Paper
General Steel
12% Feb
23
Dominion Textile common
Gurd
Aor
48
358
11¥B
100
Heating
Mar
lV/a
& Chemical common—*
B
Apr
6 Vs
43%
~
Class
6%
Jan
10%
43
Steel
—j.
&
-
11%
•
•
Preferred
Enamel
•■
10%
35
Dominion Steel
5
Feb
33 Va Mar
Feb
5%
—
24
48% Mar
Jan
11%
43
.__*
Preferred
Dominion Tar
24¥4
50
5%
25
common
&
Jan
36
140
¥b
22
125
33%
Jan
*
preferred
Fdys
200
47
147
May
*
Co
Preferred
Dominion
23
33
Apr
Jan
141 ¥4
46
33%
39%
Jan
36
65
b
Distillers Seagrams common
Coal
23% May
25%
25%
•
-
Dominion Bridge
Dominion
Jan
25
—.
—
Consolidated Mining & Smelting
Consumers Glass
Crown
34%
Jan
8%
__
*
Pacific Railway
Plow
Mar
—*
Canadian
Cockshutt
% Mar
45
23% May
„-*
-
8
Jan
33%
*
common
B
Jan
10%
—100
:
Canadian Foreign Investment com
93/4 May
9
7%
23
Canadian Converters
Jan
108
9% May
Jan
740
8%
-100
1
Jan
Jan
''
■—*
7%
;
17% Mar
15%
230
•
25
common
Celanese common
Canadian
104
%
20
Preferred
New
105%
•
•
w
Jan
15% Jan
175
•
Preferred
Canadian
7%
50
common
3%
6%
7
*
—
preferred
Breweries
16%
7%
9%
Steamship common
5%
Canadian
135
pfd
new
Power
16%
•
100
common—
Canada
16%
Jan
24
May
16%
May
135
106
Friday
Feb
Feb
24%
Apr
2
*
Building Products class A—
Canada Cement
20
955
2 %
139
Canadian
Apr
156
Jan
939
2
2
234
137
138 ¥2
Feb
16% Mar
Jan
151% Mar
171
22 Va
Jan
15%
Brit
234
234
27
May
155
Montreal Curb Market
Jan
22%
A——•
100
*
*
*
130
21
Mar
*
Breweries
Jan
9
45
9%
*
Corp
Associated
133
112
High
Low
65
92
49
50
preferred
Anglo Canadian Telep
83
1311/2
148'% 148'%
_
100
Range sinee January 1
Shares
98
*
100
Ltd
Aluminium
136
130
148 ¥2
100
Scotia
Nova
for Week
High
9%
89
135
131%
100
89
9%
•
com
Apr
100
5
100
Sales
of Prices
Low
Par
Mar
69 %
21%
.100
Week's
Jan
7 ¥2
Jan
28%
25
Funds
Friday
18%
Banks—
Montreal Stock Exchange
Canadian
Feb
43/4 Apr
Feb
62
100
Jan
71% Mar
Jan
6%
353
65
12
Mar
17
185
66
i_:—*
.
,
110% Mar
21%
100
preferred
common—.
225
6%
63
63
3¥b
305
100
—100
:
-
17%
17
*
common
Preferred
■.
.
4
3¥b
*j
*
,.
Winnipeg Electric
11%
Jan
Feb
—100
common
Jan
15
5
15%
15
15%
150
14
—,
Mfg
Ltd
3%
695
14
& Sons common...
Preferred
Zellers
211
13%
2%
141
Simpsons preferred
Co. of Canada
Woods
Feb
2 ¥4
13
141
Steel
Tooke
Feb
Mar
————100
—
(Hj
11
103
100
30
100
100
Feb
14
Feb
Jan
9
80
33
Shawinigan Water & Power
—*
Sherwin-Williams of Can common
*
Preferred
11
2%
13
*
com
Paper preferred-
Lawrence
100
•
50
Flour
Lawrence
St.
,!
common
preferred
A
12%
117
12%
11
100
Power preferred
Saguenay
12%
High
2,400
21%
983/4
*
—*
Paper common
V
Low
High
21
—100
preferred
Range since January 1
Shares
'
2 % Mar
33c
Gas
&
International Paper common
.
31% May
1.00
-
Dominion Bridge Co
Foothills
Apr
1.85 May
1.85
Construction preierred-
Disher Steel
Jan
28 Va
~5
Co—
Paper
Corp
Copper
May
5'/a
25
6
Canadian Westinghouse
Coast
10
330
51
A
Canadian Marconi Co
.¥/
10
31 %
Co
&
Quebec Power
Rolland
High
LOW
9%
31%
—
Bros
5%
Range since January 1
Shares
31'/a
_*
preferred
Brown Co
Price
High
Low
Par
Beath & Son A
Sales
for Week
Range
Sale Price
STOCKS—
7
Week's !
Friday
Range
of Prices
Canadian Funds
;
Sales
Week's
Friday
STOCKS—
6
6%
220
356
6
Mar
7%
Jan
OilsBrown
Home
Oil
Oil
Corp
Co
Ltd
Ltd
5%c
—
3.25
3.25
5%c
3.35
2,500
1,605
5c
3.25
Apr
5%c May
Jan
3.65 Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
2003
OVER-THE-COUNTER MARKETS
Quotations for Friday May 12
Investing Companies
Par
Aeronautical Securities
1
X3.41
Corp.
Holding
10
American Business Shares
For Quotations on Real Estate Bonds
Ask
6.51
VA
Affiliated Fund Inc__.
AAmerex
Bid
Bid
7.08
Investors Fund .0
3.74
24%
Keystone Custodian Funds—
26%
Series
_1
1
3.43
3.75
Series
15.39
Series
Axe-Houghton Fund Inc
Bankers Nat Investing—
X13.71
1
Industry Shares
4'/a
Bond
Inv
of
Tr
Fund
Boston
America——-
102.30
Chemical
17.97
29.82
14.74
16.15
x3.05
27.37
1
9.35
com—100 2,350
Securities
-—100
(Colo)
2.20
2.66
2.66
II8V2
10
shares
B
Low priced
30
:
—•
—1
3.60
2.50
5.35
25c
3.55
Agricultural
25
69 %
73
Knickerbocker
1.24
1.37
American
Alliance
10
x203/4
22%
7.08
7.65
American
Casualty
11%
12%
Maryland Casualty
Massachusetts Bonding
14%
16Va
Merchant Fire Assur_
stock
Aetna
10
Aetna
•
1
Life
American
X2.82
Equitable
American
American
of
American
6.72
7.40
6.76
England Fund
13.18
X9.77
1.19
Bank
1.31
Insurance
Equitable Invest Corp (Mass).8
Equity Corp $3 conv pfd
1
Fidelity Fund Inc
*
Financial Industrial Fund, Inc.
First Mutual Trust Fund
B
29.19
35%
xl8.11
31.39
36%
19.50
Machinery
1.76
1.94
10
9.60
3.60
21.62
44%
47%
Merch
Fire
American
Reserve
10
13%
National Fire
American
Surety————25
59
37%
National
Liberty
National
Union
Automobile
12 %
80%
25
....
85%
X5.45
100
New
7
6
2Va
.Bankers & Shippers
Boston
"
56%
34% "
10
&
Mfrs
2
10
17%
19%
North
7.63
Connecticut General Life
10
42 %
Northeastern
5
X38%
29
56%
44%
40%
31%
8.61
Continental Casualty
8.41
Employees Group
Employers Reinsurance
10
10.37
8.46
Federal
6.29
Fidelity & Deposit of Md
;
140
Fire
12.50
Pacific
Phoenix
102%
Indemnity Co
1
Fire Assn of Phila
10
58 %
10
83%
87%
Reinsurance
7.15
Firemen's
X5.48
6.04
Franklin
5
11%
13
Republic
5
24%
26%
Revere
0
47
49%
77%
81%
5
14%
—10
X32 3/a
2
4%
6%
10
26%
28%
22
24
66%
i
Providence-Washington
Corp
(NY)
(Texas)
(Paul)
Fire—
—.10
•
B
39%
General Reinsurance Corp
Gibraltar Fire & Marine
45
17%
48
20%
St Paul Fire & Marine new..l2%
Seaboard Surety
10
X2.06
Glens Falls Fire
S
42%
45
Security New
10
34%
1
2.71
Globe & Republic
5
8%
25
112%
£
1
X2.61
10c
Series
4.35
•
X32.59
35.04
5.32
5.73
Capital Corp
1953-
—
Series 1955
General Investors Trust———1
General
Series 1956
Series 1958
Putnam
Group Securities-
1
(Geo)
Fund
Globe
&
54c
1
13.63
14.66
7.03
5.61
6.17
Quarterly
Inc Shares
10c
6.46
7.04
5.62
6.19
Republic Invest Fund
1
3.16
3.47
6.93
7.62
Chemical shares
5.47
6.02
X89.82
9.45
Selected Amer Shares
X9.43
5.27
Selected
shares—
6.81
7.49
Sovereign Investors
1
5,89
Standard AccidentTravelers
28
IT S
27%
U S Fire
10
25%
10
96
Hartford Steamboiler Inspect—lO
Home
5
41
44
27%
shares
shares
Aviation
Building shares
Food
Equipment
shares
Administered
Fully
General
bond
shares
Hartford
Fund,
Inc
•
Income
2%
Shares—,
1
,
Fire
4.05
8.19
9.00
Spencer Trask
•
X13.82
Fidelity & Guaranty Co__2
583/4
472
613/4
487
36 Va
38%
6.40
7,04
State Street Investment Corp—
40.05
5.70
6.27
Super Corp of
5.28
5.81
Trustee Stand Invest Shs—
4
48%
69%
74%
2.50
Fire-
45%
—10
Guarantee
Westchester
29%
3 2 3/8
Recent Bond Issues
43.03
Investing
U S
100%
14.72
Industrial Machinery shares—
—
—
Price Shares
Low
Merchandise shares
5.92V
Petroleum
Railroad
shares
shares
3.76
3.8I
4.37
4.03
4.44
shares
Tobacco
shares
Fund
Amer
AA
1
C
1~
Shares—
•
-juu.
Central
Pow
Power
Okla
104
103
.
.
1973
*
Lt
&
1963
& El—
Gas
105%
2%s
105%
1973
101%
101%
1974
3%s
3%s
106%
>
4.35
1
Income
Fund
Foundation
Inc
Florida Power & Light 3%s_1974
4%s
11979
104%
105%
Public Service (New Hampshire)
3%s series A
^.1973
109%
110
Incorporated Investors
Independence Trust Shares
Institutional Securities Ltd—
Aviation Group
Bank Group
5
•
25.66
Louisiana
101 %
101%
&
Pow &
Lt
1974
3s
107%
.106%
Light 3%s__1973
4%s
Co
22.64
1959
99%
100
San
7.89
8.63
Michigan Consol Gas 3%s__ 1969
South
6,67
National Container 5s
105
99%
105%
6.10
100
',17.57
19.20
1023/4
103%
2.47
9,14
Wellington Fund
Investment
10.02
84c
r
& Pwr Shares A
Mengel
1959
Diego Gas & El 3%s„1970
Carolina Elec
101%
105
105%
Colo
Power
Utah
1974
Texas
York
100%
100
Power
West
3%s__ 1968
108%
108%
110%
112
108%
3%s_
3y8s
103%
106%
106%
1973
103%
103%
1958
Lt
Util
103
1968
Corp. 4y4s
&
108%
107%
& Gas—
1972
Southern
1973
(Minn)—
2%s
17.74
,———1972
—
3%s
Public Service
Indiana
3%s
Northern States Power
16.14
1
33/4s
Co
Northern
16.20
1
1.70
1043/4
Banking
Corporations
93c
xl.03
shares^.—
America^.—10
S El Lt
21.99
2,19
shares
of
20.71
C
U
1.54
20.45
shares
V Insurance Group
Investment
1.41
1003/4
Puget Sound Pow & Lt—
Power
B__
Union Preferred Stock Fund
10c
Common
1953
—1973
24.88
A
1,1'3
ABlair
23.53
25.58
-AFirst
&
Co
1
2%
2%
Corp———_ 10
Boston
26%
27%
Quotations For U. S. Treasury Notes
r
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Int. Rate
Bid
Jun 15, 1944
3/4%
100
tSept. 15, 1948
U%%
100.13
Sep 15. 1944
1
%
100.8
100.10
Certificates ot Indebtedness—
ISept. 15, 1944
3/4%
100.1
100.2
■" t%s Aug. 1, 1944
b0.42
Mar 15, 1945
%%
100.13
TOO.15
t%s Sept. 1, 1944
b0.57
JMar 15, 1945
iy4%
100.12
100.13
f%s Oct. 1, 1944
b0.63
...
Maturity—
—
New York
City Banks & Trust Cos.
Par
Bank
of the Manhattan Co.—10
Bank of New York
100
Bankers Trust
10
Brooklyn Trust
Bid
22%.
Grace National
402
48%
102
Chase National Bank-,
38
10
47% V
49%
20
Chemical Bank & Trust.
47%
50
Morgan (J P) & Co Inc——100
Irving Trust
Kings County Trust
40
Commercial National Bank &
Trust
Co
Continental
Conv
——
Bank
&
Trust
10
19%
Exchange Bank & Trust_20
Empire Trust
50
Corn
First.
National
Fulton
312
100
143/8
10
100 1,505
37%
Lawyers Trust—25
Manufactures Trust Co com__20
48%
13.55
Bank
National
46%
73
100 1 570
Trust
100
170
216
34%
12%
City Bank
York
100.4
100.5
1%%
100.27
100.28
1'%%
100.22
100.23
%
1
1947
Trust
•
36%
94%
37%
40
100
1,430
—
1945
—
0.72%
0.73%
b0.76
0.74%
b0.76
0.74%;
Obligations Of Governmental Agencies
50%
53%
Ask
Bid
226
90%
United States Trust
0.61%
0.67%
b0.74
b0.75
15%
Public Nat'l Bank & Trust—17 %
7
1945———
1,
t%s Apr. 1, 1945
1,
0,54%
b0.69
40%
77
12
10.90s Mar.
0.38%
320
49%
Title Guarantee & Trust
t%s Dec. 1, 1944
t%s Feb. 1, 1945
Ask
100.14
1,555
25
180
1946
15.
99.28
99.27
*%s May
New
1,610
tDec
fSept. 15,
51%
20
preferred
20%
Ask
1946
%%
12%
Guaranty Trust
100
98%
100
Bid
187%
100
1945
tMar 15,
Warrants
50%
95
Central Hanover Bank & Trust 20
tDec. 15,
Par
Ask
21%
390
Ask
102
(Indiana)—
Iowa
6.56
Series
37c
debs
80c
5.91
1
25c
101
Pipe Line—
3%s series E
Union Stock Fund B
4.79
25c
Bid
2%S—1961
Gas
Public Service
107%
Series
shares
Utility
AHuron Holding Corp
'V/ v'
Natural
Panhandle Eastern
..
72c
1
ASerles B
Trusteed Industry Shares
Union Bond Fund series
3s
2.25
•2.13
'
ASeries A
4.15
Light 3s
Florida
1
Oil
Gas
'V
■■Ask
Bid
Atlanta
2.32
Blackstone Valley
D
Trustee Stand
4.20
3.96
Steel
Series
A Series
6.53
Equipment shares
RR
A
5.17
5.93
—-
6.51
4.69
Mining shares—.
,
10
—100
29%
Hanover
*6.45
—
19%
77%
x26%
10.28
4.78
18%
5
46%
36%
118
91.64
8.60
American
Springfield Fire & Marine
43%
34%
Scudder, Stevens & Clark
Electrical
Great
9%
Haven
73%
Rutgers Fire Ins. com.
preferred
2nd
2.29
49 c
6.39
shares
Agricultural
/Automobile
.v
16%
,
63%
10
•
Plymouth Fund Inc
Inc
Invest
Fundamental
5%
94
107%
10
—10
Preferred Accident
Fireman's Fd of San Fran
Newark
x89%
25
23%
5%
Fire-
.
13%
21%
5
Pacific
5.56
of
47%
—
Northern
10.76
Fire
30%
12%
2.50
50
/
28
443/4
5
River—
146
62%
20
27
-
60%
46 %
10
—
25
10
City of New York
9.98
7%
180
_10
.
York
6%
2
Hampshire Fire—
New
57%
543/4
170
Casualty
New
X6.49
North Amer Bond Trust ctfs
North Amer Trust shares
10
6%
20
:
213/8
-
X9.79
_
4%
25%
Fire
New Brunswick
5.70
5%
4Va
223/4
xl9%
Camden Fire
7%
4
N Y
5
6.77
8.96
8
(Detroit)—10
Fire
Ins
Amsterdam
7X5.13
Railroad equipment
5.45
—5
Casualty
X9.43
Steel
23.69
4.71
67
Monarch
X5.71
Oils
4.20
2
63%
National
X7.69
:
Railroad
5.74
A—1
stock
12 Va
16
X7.64
.
Metals
__
Fundamental Trust Shares A..2
equipment
7%
123/8
X7.83
Electrical
40%
6%
1
52%
X6.93
Chemical
37%
5
H'/a
14%
X9.08
Building supply
20
49%
X8.15
stock
13.42
5.15h
10.74
81%
10
Baltimore American
;
15
783/4
Fire
2Va
X6.15
Aviation
6.10
22.48
Fixed Trust Shares A
7.49
12.23
1
13
10
Jersey Insurance of N Y—
36%
io
Insur Co of North America
Re-Insurance
Newark
Ask
Bid
Par
Homestead
52%
34%
Fidelity & Casualty_5
7.68
Ask
136'/a
50
5
3.19
common
Bitu
128%
10
4.99
12.50
Trust Shares
10
4.52
X20.93
Foundation
•
25o
Par
Aetna Casual & Surety
n.; 6.99
1
1
Fund
Fund
Stock
11.38
Automobile
Shares
Balanced
XlO.41
Agriculture
__
Howard—
&
Eaton
10
Inc
New York Stocks Inc—
19.22
Diversified Trustee Shares—
Dividend
11.06
series
New
17.78
Fund
D
10.29
'i Preferred stock series
32
x4.68
1
Cumulative Trust Shares
Delaware
_1
series
Income
100 xll2
preferred
A7%.
4.85
22.47
Securities—
Bond
—
1-953
Insurance Companies
9.89
4.45
series B shares
28%
26%
100
ACommon
Fund
NY
39.20
8.99
Low priced bond series
Forster common...10
Bell Teletype
20.90
Fund
voting shares
...•
I
6.13
1
National Investors Corp
National Security Series—
Forster Insurance—
&
Crum
Nation-Wide
(Md)
1
mod.
ACC
&
38%
Invest
2.38
1
preferred
A8%
Mutual
2.20
1
series
mod
AA
Series
36%
2d
1
AA
1: Accumulative
ACrum
Mass
5.05
DIgby 4-4950
92.50
38.42
Tel:
10c
Trust
Investors
4.53
5.60
10c
Mass Investors
1
Corporate Trust Shares
—'.
Maryland Fund Inc
145
4.65
1
Consol Investment Trust
10.11
2,450
140
1
Common
10.07
90.65
._
40 Exchange Place, New York 5, N. Y.
13.12
4.08
Fund
Loomis Sayles Mut Fund
*
Loomis Sayles Sec Fund
10
Manhattan Bond Fund Inc—
29.43
25.75
11.91
X9.13
—
Knickerbocker
3.65
•
Commonwealth Invest
Series
S-4—__
16.71
Preferred
Series
Series
106.56
x27.58
Fund
Christiana
S-3
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
18.7Q
20.83
23.43
S-2
Series
Shaskan
10.93
9.95
17.05
18.94
/
;
Series
5
Century Shares Trust
22.07
Series S-l
Ltd———1
Fund
K-2
—
5
Ltd
Canadian Inv
:
——1
Inc___
Fund
Bullock
K-l
5%
3.70
Broad Street Invest Co Inc
.
4%
—10
31.47
X21.02
!
B-4
Series
;-
14.74
3%
—5
preferred,
A6%
V Scries
Series
A Common
Basic
6%
29.47
X28.67
B-3
6Ve
12.76
28.13
B-2
X14.19
1
.12.47
B-l
Foreign Investing-lOc
Assoc Stand Oil Shares
2
American
Ask
Federal Home
73/4
0.85s
June
Loan
15,
■
100.9
100.7
Jan.
3s
1,
1,475
Ask
Bonds—
102|§
1956-1946—
103
104y4
—
38 May 1, 1956-1946-
0 75%
b0.90
1944
Bank
1955-1945—
3s
Bank—
Bid
■
Federal Land
Commodity Credit Corp—
tl%%
Feb 15,1945
104%
32
105%
Other Issuet
Federal Land Bank Bonds—
4s
1946-1944
100
100%
U S Conversion 3s
1946
104 Va
4S
1964-1944
100*3
10034
U S Conversion 3s
1947
106 V2
106%
102%
10232
Panama Canal 3s„
1961
132
133%
3%S
1955-1945
Reorganization Rails
(When, as and if
Bonds—
Bid
Akron Canton & Youngstown—
4s series A
1
1988
—
Akron
88%
90%
■v'
United States Treasury
issued)
Stocks
Ask
;-V v
—
Canton
&
Bid
Bid
Youngstown—
Common
_
—
32%
""
4%s series B—„—
—1988
91%-
93%
5 %. preferred
Rates quoted
Ask
34%
are
Ask
for discount at
Bills
purchase
Bid
June
Treasury bills—
104%
29,
May 18, 1944
b0.37
0.28%
July 6.
Ask
b0.37
0.33 %
bO.37
1944-
1944
0.33%
1st 4s
80%
b0.37
0.30%
July 13, 1944-
bO.37
0.34%
June
1,
0.32 %
July 20, 1944_.
bO.37
0.34%
16%
17%
June
8.
1944
1944—
b0.37
V—*
bO.37
0.32%
July 27, 1944—
b0.375
0.35%
—100
42%
43%
June 15,
1944—
b0.37
0.32%
Augi
3,
1944-
b0.375
0.35%
bO.37
0.32%
Aug.
10
1944—
b0.375
0.35%
__—.——
Chicago'Rock Island & Pacific—
19.94
income
Conv
78%
May 25, 1944——
Chicago Rock Island & Pacific—
101%.
103%
4%s——2019
64'%
65%
Common
5%
preferred
—
June
Denver
&
Income
Grande—
Rio
4%s
1st 3-4s income
Minn
1st
Gen
St
Inc
Paul
Income
mtge
Western
Denver
2018
1993
i.;
& Saulte Ste
4%s
59%
81
60%
4%s__—
Preferred
Free
v
corn-
—
17%
18%
41%
42%
c—
v
t
:——.——
c_——.
11%
12%
♦No
1%
2
on
par
March
common
102%
104%
Pacific
Preferred
common——
29%
303/4
65V2
66%
value,
28,
stock
1944,
to
a
Odd
lot
approved
450,000
sales,
an,
shares
b Yield
amendment
of
$10
price,
c
changing
Stockholders
the
150,000
stock,
of
no
McQuay-Norrls Mfg. <£q.
shares of authorised!
par
d Deferred
delivery,
f Flat price,
Exchange,
r Canadian market,
s Cash sale—not included in range for year,
Ex-rights,
tin default.
tThese bonds are subject to all Federal taxes.
AQuotations not furnished by sponsor or issuer.
k Removed
Western
t
Optional
_1991
.2014
Grande
^linn St Paul & Sault Ste M—
Pacific—
mtge
Rio
1944—.
83
M—
.—,—1971
4s_——
&
22,
x
to
Ex-dividend,
Stock
y
par
common
THE COMMERCIAL &,
,2004
will show a decrease com¬
clearings this week
Bank
Preliminary figures compiled by
advices from the chief cities
indicate that for the week ended Satur¬
pared with a year ago.
based upon telegraphic
us,
of the country,
clearings from all cities of the United
which it is possible to obtain weekly clear¬
13,
May
day,
States from
below those for the corresponding
Our preliminary total stands at $8,841,-
will be 8.7%
ings
week last year.
567,850, against
center
this
At
follows:
week
.——I
385,781,801
510,000,000
271,597,259
145,422,714
147,800,000
222,885.000
197,417,054
162,892,266
Chicago
Philadelphia
——
Boston
City
.Kansas
IBt. Louis
-~.v
Francisco
Ban
Pittsburgh
Cleveland
—_—-
Baltimore
cities,
New
the
198,528,758
169,229,304
118,607,603
3.7
—
6.9
—
—10.2
$6,597,715,174
1,381,308,895
$8,841,567,850
0.6
—
4.3
+
7.6
—
$7,979,024,069
$9,687,816,255
—13.8
1,708,792,186
months of
four
the
and
April
for
results
1.9
+ 15 2
8.7
—
1944 and
(1943 follow:
Bonds
Railroad & misc.
10,077,000
11,995,000
37,119,000
257,000
2,216,700
957,150
increase
an
In the
properties on the
New York Stock Exchange for the four months of 1941
'to t944 is indicated in the following:
1941
.1942
1943
',11
"'r;'
1944
The volume of transactions in share
Month
of
January
February
'-4
No. Shares
No. Shares
No. Shares
18,032,142
12,993,665
13,312,960
24,434,084
No. Shares
17,811,394
17,100,772
■:> >.
7.925.761
8,969,195
27,643,038
36,997,243
8,587,828
10,124.024
62,555,204
13,846.590
79,463.469
29,507,254
33,553,559
7,589,297
11,185,760
course
of bank clearings at
March
—
Quarter
The
.
AT
CLEARINGS
BANK
LEADING
1944
1944
(000,000
leading cities of the
CITIES IN APRIL FOR 4 YEARS
April
$
York- 21.033
1,975
2,012
—
1,434
Boston
Phila.
2,558
-Louis--
736
1,103
1,150
PittsburghFran—
$
$
91,744
78,941
60,723
58,165
1,738
1,592
8,241
7,473
6,907
6,084
6,029
6,124
5,240
4,429
10,798
10,399
9,485
8,144
3,029
2,696
2,233-
1,770
4,397
4,026
3,385
2,753
4,675
4,068
3,415
2,769
476
382-
1,161
£,174
464
699
721
419
315
2,557
2,407
1,929
1,605
653
Cincinnati-
459
459
Kans.
C'y.
750
820
Cleveland-
888
910
Minn'poliS-
549
570
596
742
399
N.Orleans-
350
348
1,470
278
288
Omaha
295
313
—
Providence.
74
Milwaukee-
144
79
161
Buffalo
263
249
198
201
—
Paul
Ind'polis'
227
235
Denver—
>
1,222
3,255
3,114
2,356
1,796
3,607
3,348
2,823
2,202
2,362
2.057
1,599
1,243
1,506
1,350
1,053
Cleveland
5th
6th
Atlanta
7th
Chicago
-17
St.
6,253,115,678
—13.1
3,594,713,181
3,017,545,522
654,595,239
707,277,384
7.4
575,093,327
498,372,685
607,243,464
563,645,169
+
7.7
475,890,656
261,940,022
+
8.3
205,864,966
359,869,525
177,200,353
383,731,249
338,683,824
+13.3
265,229,478
208,633,212
545,693,662
436,214,543
-iy
"
585,126,583
552,448,755
+
5.9
"
273,346,631
250,211,440
+
9.2
199,937,015
192,030,806
190,665,334
+
0.7
150,473,162
119,778,551
"
273,151,182
273,801,147
0.2
200,768,970
159,308,560
6
"
130,861,742
123,578,930
+ 15.2
97,029,543
-10
City
—
M
._
489,806,257
4,361,404,851
clearing houses of 4.3%,
ister
of clearings having been $42,393,400,-
+
of
3,648
1,158
947
1,313
1,172
760
570
283
262
District
York
New
Philadelphia
of
6.8%
and
in
2,899,779,782
but in the St. Louis Reserve
0.4%
shows
a
decline
the
,
and in the
The Kansas City
of
4.7%
an
in
but
the
improvement
District
of
1941
Reserve
V'
'
Dec.
1942
%
$
—19.6
$
-•:;.
394
1,363,712,345
6.1
15,343,941 666
15,775,629,853
8.1
2.467,433 880
2,276,461,186
0.3
2,145,183 752
5.1
933,177 062
1,785.091,185
815,888,657
1,448,710,960
+ 15.2
1,209,753 709
995.246,971
+
2,726,987,802
793.606,564
2,080,297,578
23,215,174,426
2,677,561,865
2,912,889,928
2,665,233,938
"
Francisco
Inc.or
$
;
San
j
1.2%.
1,672,883,633
21,793,088,125
—
—
+
1,545,234
Atlanta
16
"
7th
Chicago
31
"
4,120,167,749
4,104,799,051
0.4
3,194,048 336
8th
St.
7
"
1,190,956,246
0.3
926,897 313
9th
Minneapolis-
16
16
"
"
1,194,409,954
862,003,818
3.4
629,950 142
4.7
1,080,191 ,571
908,141,612
1,050,498,269
2,137,513,375
1,514,799,292
983,743,730
6.8
743,442 508
639,844,292
2,113,102,357
1.2
1,597,038 259
1,352,772,290
42,393,400,887
44,288,365,408
4.3
31,816,342,592
29,965,913,130
21,359,926,087
21,781,885,556
1.9
17,073,968,654
14,733,528,858
—
—
Louis
10th Kansas City
C
11
Francisco
-
"
—
1,193,200,376
833,583,987
1,443,356.002
.
"
19
11th Dallas
12th San
"
8
186 cities
Total
.
Outside
Y.
N.
City
'•
„
v-V'.'
' ^V."
1+
1944
V
5
$
2d
York
New
5th
+
—
6th. Atlanta
7th.
"
*
Minneapolis
; 10th Kansas
5,201,829,490
+ 16.1
63,161 ,256,622
60,297,430,166
•+
4.1
9,916 ,422,403
8.552.969.276
+
8.9
8,465 ,432,837
+
10,836,307,626
6.8
3,735 ,189,821
6,811.079,556
3.140.585.277
3;940.447,28(5
9,943,889,854
4,729,164,931
A"
7,017,670,409
17,217,387,960
6,124 ,878,077
4,428,971,727
—
'
+19.9
"*5,853,417,048
-4,886 ,735,561,
12,590 ,762,941
"
5,040,427,528
15,512,120,620
4,594,961,576
+ 11.0
7
+
9.7
3,832 ;215,041
16
"
3,525,578,202
3,128,342,409
+
12.7
2,523 ,692,727
1,995,819,821
16
"
8.8
4,289 ,703,548
3,420,013,612
0
5,716,716,571
3,740,288,228
+
11
6,217,720,598
4,283,302,440
+ 14.5
3,139 ,789,185
2,482,621,483
19
Louis
St.
9th
"
—,
i;
___—
City
.
11th Dallas
12th San
11,278,356,384
10,828,557,831
"
31
Chicago
8th
$
94,822,674,101
'•
Richmond
.U-i..,-
1941
0.9
81,652,088,567
"
16
Cleveland
17
Philadelphia
4th
17
8
3d
4 Months
1942
.
'
7,056,895,474
14
%
'
6,994,585,555
14 cities
Boston
1st
Dec,
-1*71943 A
-
4 Months
Irc.or
4 Months
4 Months
A'A
I
Federal Reserve Districts
532,530,373
Districts in the four months for four
append another table showing the clearings by Federal Reserve
We
years.
—.
Francisco
8,745,458,666
160,441,393,969
88,956,689,8i0
10,502,301,109
3,112,711,677
9.6
6,418 ,023,527
5,116,337,659
+ 12.6
129,084.102,290
114,574,146,400
9.1
63,360,315,731
56,408,808,843
+
7,977,394,269
180,700,884,605
186 cities
Total
■81,500,023,558
231
288
-•
794
623
588
481
966
854
684
791
724
630
851
676
Y.
i
City
574
+
501
976
N.
400
1,129
Outside
The following compilation covers
the clearings by months since Jan.
388
516
291
224
1,498
I 1,502
1,143
831
119
90
78
472
453
370
294
January
72
64
58
278
255
254
225
February
-Clearings,
$
'
•;
.
48,613,161,624
v
Dec.
1c
38,104,684,580
+ 21.0
22,809,158,872
19,702,118,370
+ 15.8
34,995,819,487
+
24.6
21,290,328,895
17,826,393,291
+ 19.4
43,052,524,494
+ 12.9
23,497,275,956
22,189,626,341
116,153,028,561
+ 19.1
67,596,763,723
59,718,138,002
4.3
21,359,926,087
21,781,885,556
+ 12.6
88,956,689,810
81,500,023,558
43,591,816,956
;
Inc.or
$
$
Dec. %
$
1943
1944
Inc. or
1943
46,102,505,138
March
37,754 39,906 26,843 23,415 161,702 143,789 114,742 102,539
Other cities. 4,639
4,382
3,123
2,623
18,998
16,652 14,342
12,025
-Clearings Outside New York-
All
Total
1944
Month—
1, 1944 and i943.
CLEARINGS
MONTHLY
816
71
3,557,688,160
6th
—17
Richmond
615
Hartford—
Total
17
Cleveland
5th
953
109
1.7
2,673,228,150
1,132,361,888
1,668,201,598
4th
459
C'y
5,800,712,005
Dallas Reserve District the totals show
1943
$
14 cities
14
"
3d
493
*
285,833,133
7,023,474,226
increase of
an
Reserve
1944
April—
Boston
2,698
5,704
1,212
244,505,665
7.2
,
Month
1st
79,401,024
1.2
Minneapolis Reserve District of 3.4%.
6.1%, in the Boston Reserve District of 19.6%
and in the Philadelphia Reserve District of 8.1%.
In the
Richmond Reserve District the totals are smaller by
of
—
District the totals register a decrease of 0.3%
and the 1943 aggregate
loss
—
169,952,423
5.1%, but in the Cleveland Reserve District the totals are
larger by 0.3 %\ and in the Atlanta Reserve District by
15.2%.
In the Chicago Reserve District the totals reg¬
of the clearings for
For th&t month there was a de¬
for the entire body of
—
10,457,922,168
4,437,158,200
->
495,539,249
9,706,010,265
City
month of April.
crease
—
-10
Francisco
701
402
.
,•
,'•.+.. 5.9
—
44,288 29,966 26,038 180,700 160,441 129,084 114,564
21,359 21,781 14,734 12,100
88,956
81,500
68,360 56,399
Total all
42,393
Out, N.Y.C.
We
now
add
our
(Clearings at—
Me.—Bangor
,
Total
4
1943
$
$
3,370,589
•.
3,449,885
42,393,400,887
44,288,365,408
160,441,393,969
;i:
months
city for the month of April and the week
Jan 1 to
Inc.
or
Dec. %
—
2.3
\
180,700,884,605
April
April—
1944
a—
First Federal Reserve District- -Boston
Inc. or
1944
1943
Inc. or
$
Dec. %
$
$
Dec. %
$
14,480,583
12,659,200
+
—
Bedford
697,864
4.5
3,883,660
1.6
341,975,003
947,479
390,148,835
2.3
319,766.053
2,283,127
247,561,178
"474,492
"~439l599
Worcester
Conn.—Hartford
Haven
Waterbury
R
I.—Providence
N.
59,156,545
61,917,897
6,029,531,899
6,124,810,107
+
0.2
16,750,237
15,703,000
+
6.7
2,268,607
+
4.8
•9,033,778
8,712,478
+
2,112,620
11.150,172
I_„—II
I
I
H.—Manchester
„
(14 cities)
: •
3.7
4,802,817
11,444.709
71,112,309
72.498,448
23,514,976
28,810,541
6.803,000
8,747,800
74.128.300
79,514,600
2,750.687
3,233,996
1,672,883,633
2,080,297,578
+
6.4
951,181
9.9
8,049.854
7,562,538
7.2
20,738,785
17,765,577
+ 16.7
1,376,602
1,188,233
—17.6
76,366,673
75,298,519
+
1.4
4,331,643
4,779,986
+
2.6
47,698,842
46,610.845
+
2.3
2,706,181
2,592,462
1.9
278,258,191
255,634,599
+
8.9
16,703,971
16,777,805
—18.7
104.998,208
104,936,356
+
0.1
5,896,828
5,9(16,512
—22.2
29.583.700
31,909,500
6.8
288,708,700
283,010.500
+
2.0
16,~82M00
19,2921500
—14.9
11,229,560
10,364,358
+
8.4
687,958
601,563
—
—
—
—19.6
6,994,585,555
7,056,895,474
—
—
-
729,104
3,567,117
—13.1
22,237,126
-
■
8.2
—21.2
5,149,823
$
+ 11.9
4,215,986
18,322,272
Springfield
1941
866,443
16,139,992
—
•
3,470,117
1,904.348
•.Lowell
1.9
709,004
14.4 f;
1,820,820,451
—
—
9.1
1942
$
4,224,642
Holyoke
•
-Week Ended May 6-
1943
14,026,379
*
+13.2
«■
ended May 6 for four years:
1944
1,434,043,630
;
___
River
—
April 30
2,376,500
Portland
Mass.—Boston
Total
of
138,307,483,718
Total 1st quarter
detailed statement showing the figures for each
-Month
New
5,435,928,359
"
We also furnish today a summary
the
1941
%
44 V%
-
11th Dallas
Y.
Dec.
$
4
Minneapolis
Outside N.
1942
Inc. or
1943
7
Louis
8th
9th
12th San
CLEARINGS
BANK
i
"
..10
Kansas
,
"
Richmond
1,165
371
New
1944
283,675,532
-7
4th
508
Seattle
a
Federal Reserve Districts:
288,600,474
„10
10th
the San Francisco Reserve District of 1.2%.
this
at
In the Dallas Reserve District
a
368,274,098
-12
835
6,469
In the Chicago Reserve Dis¬
improvement of 5.9%, in the
Minneapolis
—11.3
New York
752
137
Salt L.
1,542
an
447,015,236
Philadelphia
1,269
110
238
172
Fall
show
gain of 15.2%, but in the Kansas City
Reserve District the totals register a loss of 0.2% and in
$
2d
104
127
299
165
(
totals
gain of 7.7%,
396,513,221
3d
122
121
292
.
'
..12 cities
200
-
Richmond-
Memphis—
—
1,771
219
678
199
149
61
101
173
133
154
944
220
199
61
117
209
160
166
1,537
Louisville—
.
1,924
479
602
332
,260
Detroit
■
1,325
2,790
2,363
722 T 560
>1,076"" 845
1,042
838
1,820
616
.Baltimore-
1941
1942
$
$
'■
14,742 15,232.
22,505
Chicago
$
$
$
V
1943
1944
1941
1942
1943
Jan. 1 to April 30-
•
■
omitted)
'»
clearings
a summary by
Boston
1st
,
Month of
St.
bank
Federal Reserve Districts
subjoined statement:
in the
*
the
furnish
SUMMARY OF
country for the month of April and the four months
ended with April in each of the last four years is shown
San
the
32,406,179
April
1st
St.
1.7%,
we
Week Ending May 6
7
New
of
following
a
and the Atlanta
St. Louis Reserve District of 9.2% and in the
Reserve District of 0.7%.
2d
$1,043,584,900 $1,425,661,750
$191,156,750 $372,722,000
bonds—
Total
»;.<
trict
the totals record
Federal Reserve Districts
bonds
District enjoys
Reserve
7.2%,,the aggregate of clearings for the whole country
46,165,500
400,350
bonds
..P. S. government
•s
Cleveland
having amounted to $9,706,010,265, against $10,457,922,168 in the same week in 1943.
Outside of this city there
was
the totals
13.1%, in the Boston Reserve District by;
Reserve District of 13.3%.
For that week there was a decrease of
6.
that in
appears
(including this city)
the Richmond Reserve District of 8.3%
finai
complete results for the week previous—the week
and
nded May
District
govern't
Foreign
'
$1,004,249,200 $1,378,539,100
$180,679,400 $360,470,000
bonds
The
detailed statement, however, which
present further below we are able to give the
York
We group
11.3% and in the Philadelphia Reserve District by 7.4%.
$44,288,365,408.
In the New York Reserve District the totals record a
113,017,048
76,401,794
33,553,559
13,846,590
shares
smaller by
the elaborate
In
Stock, number of ", ::
,
are
decrease of 13.6%,
a
to the Federal Reserve Districts in,
located and from this it
are
going to press. Accordingly, in the above
of the week in all cases has to be estimated.
the last day
887
1943
1944
1943
1944
they
New
able at time "of
we
which
the week
as
the
the 1944 aggregate
Four Months
Month of April
Description
much
.111 cities
monthly detailed statement of transactions
York Stock Exchange is appended.
The
Our usual
on
4.1
+
week
Total ail cities for
<>?.
—
151,624,895
$7,367,973,208
1,473,594,642
day—.
one
7.6
193.543,000
.
all cities, five days
Tot.
All
—
V/
1.2
145,100,000
1,440,433,910
as
Saturday and the Saturday figures are not avail¬
ends
0.8
—
516,000,000
$5,927,533,298
^Other cities, five days-
—
293,778,961
110,417^674
—
——
cities, five days——.
Ten
in
We cannot furnish them today,
having recorded
the cities according
will appear in our issue of next week.
foregoing
—14.7
$4,422,597,636
388,705.017
$3,773,319,530
.
center
Complete and exact details for the week covered by
the
Cent
1943
1944
Week Ending May '13
New York
Per
TELEGRAPH
BY
CLEARINGS- -RETURNS
■"
for the
Our comparative summary
14.7%.
of
Friday
$9,687,816,255 for the same week in 1943.
there is a decrease for the week ended
CLEARINGS
BANK
OF
COURSE
THE
Monday, May 15, 1944
FINANCIAL CHRONICLE
7.3
0.9
396,513,221
447,015,236
—
0.4
803,346
864,019
"+"7" 9
"V77I953
""55+559
—
+ 15.fi
831,695
864.747
9.4
3,593,254
4.4
3,560,897
2,331,849
12,404.570
—
+
2,240,712
0.4
14,830.175
0.2
5,472,830
4,788,810
—""2I8
15,Y4lT000
12,23^600
14.4
762,079
—11.3
368,274,098
—
—
+
'A;
•
ij
520.034
288,602,474
'f)
I
.Volume 159
Number 4281
THE COMMERCIAL & FINANCIAL CHRONICLE
of
-Month
/"
>'
(Hearings at—
Second
R.
"
1944'
■
•
r>'■'<.$
■
Federal Reserve District—New
April1943
89,247,219
Binghamton
7,060,793
6,646,335
4,937,604
5,433,711
21,033,474,800
249,332,303
5,009,137
4,462,192
22,506,479,852
47,664,932
50,810,168
Syracuse
28,531,031
24,743,937
Utica
4,951,267
33,929,473
5,665,088
1,647,725
Jamestown
York
New
...
•
Conn.—Stamford
J.—Montclalr
Newark
6.2
+
5.8
1.4
+ 21.8
Federal
Reserve
2,072,185
1,970,502
+ 16.8
53,404,000
53,400,000
3.2
996,534
+
9,244,220
1,661,669
6,357,729
1,266,712
36,600,000
45,400,000
965,678
1,149,902
.
779,453
+ 16.6
129,501,524
111,729,938
+ 15.9
-—14.4
6,980,298
6,821,449
435,337,745
574,930,023
+
2.3
524,312
655,937
506,899
7.4
26,444.002
511,595
+
26,867,727
21,656,986
+ 15.8
23,370,581
42,073,877
36,667,652
27,591,745
24,882,616
5,435,928,359
6,253,115,678
3,594,713,181
3,017,545,522
+
1.6
5.9
3,846,405
5.9
+
—
17,794,458
6.1
94,822,674,101
906,625
824,469
901,336
5,268,852,065
801,737
6,096,517,317
3,465,785,566
8.3
11,723,296
2,900,932,223
10,285,696
8,997,632
+ 12.3
7,379,725
8,663,322
6,869,676
5,243,598
7,652,265
9,516,813
7,799,341
6,"757"852
5,7~2~7~289
+
108,264,205
665,483,237
23,215,174,426
+ 23.3
+ 17.0
189,850,801
467,344,102
+
2,034,597
+ 14.6
3,719,642
4,131,113
—10.0
2,595,604
+ 26.8
12,498,286
12,695,761
7,741,252
Harrisburg
7,777,564
...
Lebanon
2,485,853
1.7
—
15,262,902
+ 16.6
81,652,088,567
<
+ 16.1
;
6,741,291
—13.1
Wilkes-Barre
6.613,653
6,659,166
9,261,631
1,558,896
1,567,912
673,606
594,671
551,523
562,882
1,231,638
1,482,269
1,561,636
804,362
1,366,130
671,521
552,760
504,036
1,654,258
1~528~387
1,407,862
1,*313(990
636,000,000
686,000,000
560,000,000
484,000,000
47,785,315
+
3.1
27,921,788
:V.
+
6.4
9,778,820
9,050,359
+
1.5
10,630,240
9,215,972
10,399,000,000
+
3.8
+
8.2
8.0
+15.3 >>>'- >-
1.4
10,798,000,000
25,363,021
>23,466,097
+
8,1
1.785,897
3.6
1,634,174
50,100,897
48,890,784
+
2.5
6.5
2,719,596
26,373,566
23,682,709
+ 11.4
3,250,759
1,881,190
2,144,956
29,878,173
34,619,807
—13.7
1,723,861
1,817,325
1,512,727
2,107,610
5,552,176
+ 10.1
1,615,629
1,689,348
660,837
Pottsville
777,510
0.6
+ 70.7
—28.3
7,072,008
York
0.8
+
13,219,945
-
49,263,390
29,714,230
+ 26.2
—
8.3
+
—
6,836,638
12,748,710
—
Scranton
7,785,838
15,824,143
9,158,942
1.6
+
2,613,720
2,790,000,000
2,558,000,000
.
9,825,051
15,724,461
15,636,652
.
0.5
—
2,466,983
2,654,235
Norristown
Bois
+ 12.8
$
10,107,459
1,924,711
3,291,120
Du
25,526,524
966,765,996
12,034,925
29,108,362
2,331,591
Reading
+ 11.8
19,423,949
1941
21,145,801
110,126,198
—
Philadelphia
1942
or
Dec. %
218,385,097
,
Inc.
20,788,735
6.5
6.2
Bethlehem; v
Lancaster
1943
y
+ 15.3
—
Chester
•.
$
District—Philadelphia—
Pa.—Altoona
v
1944
Dec. %
•—12.6
21,793,088,125
(14 cities).
Inc. or
*
17,273,726
78,941,370,411
4,075,245
Total
®
21,302,769
91,744,194,795
205,515,538
121,545,217
—
147,689,155
Oranges
-
244,038,239
28,805,016
1,129,340,927
20,039,246
156,444,743
J.
N.
1943
r •;
111,859,477
Northern
Third
+
—
-Week Ended May 6
'*
+ 28.7
69,330,583
263,830,105
Buffalo
Rochester
1944
Dec. %
York—
Y.—Albany.
Elmira
N.
Inc. or
$
•
l 20®
-Jan 1 to April 30-
—
—
—
0.0
+
6,111,562
1.9
—
'
1,207,472
1,539,578
2,347,081
2,584,894
'
3,269,160
3,023,875
+
8.1
2,995,043
13,453,162
11,773,910
+ 14.3
Del.—Wilmington
24,697,392
22,610,452
+
9.2
96,792,916
81,785,026
+ 18.4
N.
21,861,700
24,357,600
—10.2
88,715,200
78,031,700
+ 13.7
5,392,300
8,394,200
2,677,561,865
2,912,889,928
11,278,356,384
10,836,307,626
4.1
654,595,239
707,277,384
—
Hazleton
—
J.—Trenton
Total (17 cities)..
Fourth
Federal
Reserve
17,446,562
459,067,408
459,705,093
Cleveland
888,265,197
910,162,930
56,082,785
+
8.6
106,823,938
104,264,409
+
2.5
7.8
82,545,403
+
216,404,871
66,973,88*
195,281,356
+ 10.8
+ 13.4
169,181,437
17,439,700
128,413,597
15,656,200
+ 11.4
12,145,800
11,779,900
.16,107,737
8,325,618
—
263,767,100
14,114,114
4,211,389
37,084,783
34,918,575
+
6.2
2,325,201
2,058,513
+ 13.0
2,228,671
1.9
3,402,805
2,066,468
3,325,467
+
2.3
2,804,542
3,056,466
257,339,611
239,917,775
+
7.3
204,095,674
144,736,801
607,243,464
563,645,169
+
7.7
475,890,656
359,869,525
1,227,288
+
0.4
6,791,000
\63,904.066
+
2.5
5,155,000
3,820,000
+ 16.9
50,764,753
45,030,983
60,089,664
58,997,065
+
34,977,707
170,230,916
26,017,244
+ 34.4
149,102,240
9.4
5,452,966
5,718,598
—48.0
3,351,470
+
1.8
2.5
3,412,152
4,397,259,683
4,026,168,096
+
9.2
1.3
52,556,730
48,170,028
+
9.1
—17.4
60,842,418
61,680,017
0.5
45,772,483
38,507,625
9.8
40,404,952
33,153,765
0.3
10,828,557,831
847,018
1,103,787,655
13,719,585
1,076,875,661
+
13,537,941
+
15,286,799
18,506,127
6,534,168
6,563,938
10,289,752
11,405,523
2,673,228,150
2,665,233,938
;
W. Va.—Wheeling
(17 cities).
•
Federal
Reserve
* ?'-•
/•'
*
5,319,945
Va.—Huntington
—
—
+
9,943,889,854
+ 14.2
4.5
—
1.4
—
+ 18.9
+ 21.9
'
+. 8.9
vi-y;; V.-'
V:
"y
4,843,701
28,255,000
8,992,769
9,638,955
—
Columbia
14,172,403
2,296,360
164,356,852
C.—Washington
Total (8 cities)..
1,132,361,888
3.4
6,962,000
+
8.9
74.681,145
38,534,818
38,461,311
+
0.2
6.2
58,029,610
56,923,136
+
2,557,303,656
2,407.256,205
+
£
9,623,360
8,956,075
—
8.6
666,693,568
628,167,979
1,193,200,376
2,133,512
2,542,207
156,778,376
147,118,783
41,788,171
.40,356,678
283,675,532
6.2
8.4
^
261,940,022
771,394
953,804
—16.1
2,025,065
1,165,780
6.6
107,488,198
91,925,966
1.9
6.2
+
2,118,151
1,332,328
+
—'
•—
179.811.747
£
1
+ 13.7
104,953,000
1,165,883.689
6.7
—
18,370,332
108,506,000
1,269,591,057
.
+ '
2.4
—
653,680,693
Frederick
20,882,862
0.8
—
15,114,721
616,364,711
Md.—Baltimore
•
299,649,408
>
9.8
+
"
28,343,000
292,603,848
Richmond
C.—Charleston
—
mond—
District—Richmond—
Va.—Norfolk
D.
0.5
1,593,392
City
+ 39.0
+ 20.1
—
440,169
——
1.2
+
+ 10.6
16,193,208
1,444,242
Ky.—Lexington
B.
—
7,529,209
39,047,944
Co.
Erie
W.
—
46,901,377
Grecnsburg
2,842,409
5,855,029
6.6
Newark
2,889,129
/
14,281,042
+
Toledo
+ 11.6
299,202,500
9,221,107
>•
9,828,373
3,141,449
9.7
1,095,476
Mansfield
3,507,338
4.2
3,770,285
.........
+ 22.4
+ 40.8
73,911,700
Fifth
498,372,685
1,771,909,626
1,542,020
Total
3,2~9~9"l6o
575,093,327
3,348,020,117
3,402,988
Oil
4,125,500
7.4
—
68,656,300
70,838,500
>
...—
Pittsburgh
+
rr.
—35.8
1,924,594,261
3,607,884,245
2.4
—
Lorain
Pa.—Beaver
■
0.1
—
Hamilton
Youngstown
8.4
+
+ 14.3
15,267,386
Cincinnati
•v:
2,763,060
District—Clevelai
Ohio—Canton
Columbus
8.1
—
>
—
5.1
4,729,164,931
-
+
-
4,428,971,727
6.1
+
7.5
+
•
+
-
6.8
-
+
+
3.5
39,478,146
8.3
34,486,230
+ ;
205,864,966
177,200,353
Sixth Federal Reserve District—Atlanta—
51,662,427
Tenn.—Knoxville
+ 58.2
32,664,008
Nashville
157,623,310
582,400,000
10,177,679
Augusta
Columbus
8,073,857
Macon
8,270,515
210,771,768
+ 11.6
38,529,107
36,776,035
+ 25.2
140,900,000
119,300,000
2.1
40,424,427
38,689.789
34,078,558
34,073.858
33,481,165
34,012,805
8.8
864,581,661
1.2
62,576,901
+ 23.9
943,539,126
699,617,565
—12.7
14,644,700
219,090,548
+ 41.1
608,369,677
80,663,437
86,033,516
+
193,643,672
14,467,860
135,852,457
1,941,400,000
—
9,341,010
176,855,138
22,117,388
w
8,544.846
'
Fla.—Jacksonville
—
Tampa
191,688,649
678,754,373
2,429,900,000
zM
439,000,000
9,972,239
1.7
+ 32.7
+
160,398,242
Ba.—Atlanta
+
—
+
13,617,854
*4.5
7,845,855
+ 73.6
6,021,466
4,911,474
29,383,793
24,714,047
+ 18.1
98,200,000
76,000,000
-•'+•
4.8
■;>
2,459,624
2,085,424
+ 17.9
2,686,406
1.6
*2,400,000
2,215,041
+
8.4
1,829,264
736,936,629
+ 17.3
49,337,520
45,995,768
+
7.3
27,833,000
53,058,617
+17.9
%
+0.01
—
1,660,260
:ij
.
1,523,168
-i
24,354,000
'•
'
'T'"'
•
Ala.—Birmingham
Mobile
19,310,359
Montgomery
7,008,268
——
Miss.—Hattiesburg
6,406,503
12,092,000
1+ 10,160,815
9.4
+
13,350,000
13,035,600
Jackson
"
29,994,940
■:
9.4
—
+ 28.3
,
.
26,544,672
50,477,000
—
'
Meridian
>-:
—13.1
2,754,822
38,996,586
+ 40.1
4,375,634
5,442,461
—19.6
+ 25.9
11,873,006
3.820,644
3,701,360
1,506,701,070
1,350,194,495
+ 11.6
+ 15.2
; '7,017,670,409
5,853,417,048
+ 19.9
—12.7
10,635,590
4.6
10,582,000
6,469,900,148
5,704,729,332
—15.9
29,679,476
32,892,122
9.2
93,485,043
16,979,686
80,593,030
+
5.7
350,944,436
348,024,551
+
0.8
1,668,201,598
1,448,710,960
-
37,781,627
,11
•
>
■
26,844,837
2,781,010
4,040,405
-fe_.3.2—
44,133,602"
11,442,610
833,026
—
cities)
(16
-
880,114
Vicksburg
La.—New Orleans
Total
"
2,392,857
54,631" 665
6.2
+ 13.0
48,925,000
-.55,545,848-—
;
+ 34.9
—
—
+
;
-3.5
'
3.2
243,305
-.
205,499
77,236,540
79,821,155
383,731,249
338,683,824
+ 18.4
170,360
160,742
3.2
57,283,157
45,683,671
+ 13.3
265,229,478
208,633,212
—
■
Seventh
Federal
Reserve
y'r.
District—Chicago—
Arbor
3,317,506
1,470,089,841
6,842,193
8,135,109
.
Detroit
Flint
Grand Rapids
2,895,776
1,537,787,106
Mich.—Ann
23,244,585
21,281,625
Jackson
3,740,937
4,894,772
Lansing
15,331,430
+
—
+
—23.5
15,238,964
7,308,133
Bay City
Ind.—Ft. Wayne
Haute
.——
16,315,565
41,018,857
8,838,831
;
127,651,497
15,738,397
——
Bend
Terre
13,184,046
24,593,266
121,477,110
-
—
—
144.906,253
Oshkosh
2,514,585
Sheboygan
——
3,892,259
859,096
2,393,178
8,929,773
Moines
Ames
1,975,340,321
8,946,952
2,268,462
23.625,692
3,064,796
2,899,687
3.0
27~694,00(>
30~505~000
3.5
66,678,435
58,132,925
+ 14.7
3,794,842
3,335,116
136,407,154
149,743,579
8.9
7,250,432
7,892,874
0.8
37,608,147
34,969,756
+
7.5
623,245,740
10,738,914
588,360,603
+
5.9
32,268~09"4
34,"656~092
16,772,636
3,415,686
15,454,511
2.2
3,112,925
+
9.7
9.9
9,976,999
9,648,223
+
3.4
6.7
39,212,578
275,969,046
131,696,852
1.3
1.9
—
+
+
9,874,342
7,609,124
786,452
4,120,167,749
Girardeau
Ky.—Louisville
Tenn.—Memphis
Ili.—Jacksonville
Quincy,
736,467,899
4,683,876
722,563,303
"
5,022,125
16,034,167
7,288,194
7,532,204
+ 24.8
610,905
687,221
1.9
7,473,391,405
+ 10.3
462,410,251
427,663,142
32,666,599
25.945,617
+ 25.9
1,692,743
1,419,235
+
+ 13.8
2,765,300
.2,645,354
8.1
7,095,388
6,682,462
—~~6~9
29727,540
2+387,083
—
4.0
1,840,490
1,433,952
+
4.5
13,712,548
12,029,299
—
3.2
5,473,926
4,207,012
+
0.9
+
3.1
97,499,806
89,867,432
+
+
7.8
38,917,071
34,595,978
+ 12.5
2,364,130
3.7
31,970,000
31,073,696
+
2.9
2,009,312
—21.5
3,422,049
3,608,475
0.4
17,217,387,960
15,512,120,620
+ 11.0
—
+
+
1.9
;
" "
■■
—
8.5
5,550,560
5,543,600
—11.1
542,543
471,33£
8.1
437,919,903
1,360,488
344,028,264
+
+ 19.3
+
0.1
1,345,20'
5,281,707
5,737,13f
2,101,763
+ 12.5
2,081,264
1,687,89(
1,905,478
+
5.5
1,626,413
l,512,69f
585,126,583
552,448,755
+
5.9
545,693,662
436,214,543
170,700,000
148,600,000
+ 14.9
118,300,000
99,300,000
V.
5.2
■
3,029,676,167
20,651,908
2,696,589,825
+ 12.3
6.7
18,118,084
+ 14.0
+ 15.4
.
3,552,082
3,105,463
+ 14.4
3.4
1,212,645,216
1.158,705,602
+
4.7
65,455,534
4.5
64,274,431
752,311,219
2,281,936
19,309,000
701,153,969
51,275,629
+
7.3
35,942,097
36,153,009
29,566,386
5,040,427,528
4,594,961',576
—
739.830
278,750,622
288,503,850
165,069,822
172,939,317
550.565
506,529
+
8.7
4,580,000
4,135,000
+
10.8
1,194,409,954
277+159
2+437,000
+ 10.2
853,462
1,190,956,246
16,718,556
+ 15.6
3,790,897
—
—
i,
Total (7 cities)-.
2,113,871
+ 14.0
113,945,842
8,010,336
•'■■■
Independence
2,199,347
242,153,182
10,859,240
Eighth Federal Reserve District—St. Louis—
Mo.—St, Louis
+ 18.4
+ 24.9
4,104,799,051
2~6~51,955
26729",000
8.5
3,824,312
—
1,002,336
cities)—
33,109,244
+
11,969,274
10,000,695
8,241,314,832
3.1
+
7,897,515
Sterling
>
5.7
~9~2
+
+ 13.9
3.2
—
9,156,444
Springfield
9,426,576
—
5.9
+
22,917,898
Rockford
—
1,970,881
7.6
—
7,164,324
...
2,923777
6.8
+ 24.6
8.7
+ 12.7
Chicago
Cape
+
,
+
+ 10.8
Decatur
;
"+3L3
+ 26.5
14,982,589
+
—
866,860
2,816,980
2,199,616
2,012,909,504
Total (31
23,503,697
+
65,507,936
2,726,003
Bloomington
Peoria
54,544,206
15,999,326
90,633,822
28,620,942
"
HI.—Aurora
3~242~121
31121-1'
49,889,117
917,841
——
3,90+8 7 6
493,318,859
73,800,048
.
3,~7~13~625
54,221,394
97,515,599
31,723,928
City
+ 23.3
—10.0
8,369,949
——
—
4,334,940
+
1.3
508,049,975
+
840,534
2,655,047
la.—Cedar Rapids_,
+ 16.0
—
4.8
—
3,967,823
Watertown
Manitowoc
4,~258~289
453,395
6.8
+
—
2,548,693
>>
5,344,214
3.4
—15.6
23,660,142
8,771,970
161,059,014
Sioux
2.2
582,244
9.5
67,938,282
"i
601,918
K.v
+ 13.4
—
17,197,814
1
Wis.—Madison
Milwaukee
0.5
29,730,206
+ 19.0
—19.9
4,295,237
13,483,459
34,630,206
Gary
Indianapolis
South
6,143,092
3,441,414
Muskegon
Des
0.6
+
—
—
•
0.3
1.925,633
+ 18.5
15,363,000
+ 25.7
1,249~ 000
1,78+000
+
5.5
~~795~000
9.7
273,346,631
250,211,440
+
9.2
199,937,015
•'
+
43,583,14
26,
)U
i+
837,000
169,952,423
1
'
.
v
Ninth
Federal
Reserve
2,143,150
198,479,445
2,372,973
Paul
Falls
Fergus
H.
——
-
-I
D.—Fargo
Forks
Grand
Mlnot
D.—Aberdeen
B.
*«
...
Falls
Sioux
Huron
—
-
—_
Mont.—Billings
2,250,000
1,425,013
5,583,528
(16 cities)
Federal Reserve
Tenth
8,292,348
+
1,913,681
55,527,034
1,800,913
+
+
+ 43.2
8,485,419
23,749,833
55,820,132
5,646,400
+
+
18.4
53,864,854
+
-*2.7
—
+
0.1
+
3,525,578,202
3,128,342,409
3,602,595
1,345,805
—23.2
+ 40.5
—13.9
3,560,297
820,245,724
22,474,243
.
4,549,558
3,456,433
3,759,086
2,275,309
1,700,997
1,443,356,002
1,514,799,292
o
Total (17 cities)..
3.0
12,355,000
3,356,008
12.1
69,012,237
74,808,795
8.7
45,760,840
35,061,068
50,246,816
+
2.8
3,259,690
2,749,038
+ 18.6
2,771,958
3,167,048
96,649,272
+ 40.3
7,457,294
5,478,876
+ 36.1
4,778,235
3,587,524
13,224,754
+
"+~~23
337~0~7~8~,901
109,0~9~8~908
2.8
4,101,794
3,255,939
+
4,342,803
7.6
—
5.8
4.5
18L0T4~395
177357,830
+ 24.3
6,013,559
5,850,940
960,878
1,304,869
-26.4
1,480,262
649,642
~835,4"o"o~
"90031*2
"73
"707342"
"823393"
273351,182
273,801,147
200.768.973
159,308,560
+
3,114,456,503
96,788,781
2,956,689
+
200,535,361
+
7.3
+
9.3
8.1
15,723,329
14,243,681
+ 14.8
+ 10.4
6,545,037
8,681,056
+32.6
.
8.8
+
5,716,716,571
6,217.720,598
-
9.2
0.4
v
2.5
+
33,903,784
178,723,981
147,907,625
+ 20.8
219,515,823
201,468,019
+
2.8
56,864,000
+ 12.0
•Ida.—Boise
9.1
24,341,897
20,568,041
+
5.0
9,381,791
9,259,502
21,616,952
+
1.5
88,557,172
71,943,741
+ 23.1
983,743,730
+
6.8
4,283,302,440
3,740,288,228
+ 14.5
.
7,228,321
8.2
10,891,386
8,"52~2~972
2,904,000
2,412,000
—
__
_
l,16o"287
1,041,146
+ 19.2
1,175,921
1,401,367
.'/'ii-—
1.3
+
14,822,046
/i—
130,861,742
15.2
+
123,578,930
.
3354T93
4,001,677
+ 17.0
4,452,889
5,212,051
79,401,024
97,029,543
1,498,775,362
35,165,671
1,502,615,742
-27,242,570
-
«...
(19 Cities)
—
Outside New York
9.8
1,268,567,499
24,960,812
28,116,985
8.4
472,818,938
453,752,186
+
+ 12.9
119,828,258
25,298,182
124,131,500
103,602,958
74,916,692
24,554,171
4,068,545,813
+ 25.1
1,042,775,333
2,113,102,357
44,288,365,408
—
21,782,885,556
—
+ 17.3
15^51,1)85
9,146,927
+
4.6
7,375,899
4,124,656
3,704,791
+ 26.3
3,316,250
286,008,000
5,497,451
1,936,923
271,045,581
3,454,538
"
+ 34.3
18,281,712
•
+14.9
,
+ 16.8
1,253,849
1,565,720
4,678,483
4,292,543
+
9.0
3,174,825
3,122,139
9.6
489,806,257
495,539,249
+ 12.6
9,706,010,265
10,457,922,168
9.1
4,437,158,200
4,361,404,851
69,034,479
+ 20.5
34,084,872
22,964,410
+ 48.4
-
+ 12.5
74,403,040
66,144,452
1.2
8,745,458,666
7,977,394,269
4.3
180,700,884,605
88,956,689,810
+
160,441,393,969
1.9
3,042,300
3,014,339
+ 39.8
1,659,049
83,202,598
+ 28.0
+ 14.1
160,600,000
180,282,000
5.5
+
3,933,434
+ 21.7
6,931,746
+
42,566,472
2l~4~96~,273
+ 21.4
17,576,873
16,991,274
54,137,351
-5~3
4,679,108
+ 33.7
'
30,836,455
+ 10.3
-20.2
25¥62~215
+ 32.7
56,037,988
-
+ 96.6
23,235,677
4,675,704,533
5,183,973
15,458,392
84,683,581
24T9~7~,571
9,570,887
4.2
27,792,103
50,270,717
61,011,825
174,846,978
5.4
+
6,580,519
67,555,599
1.1
—
—11.2
140,328,553
42,093,453
7.2
2.2
+
—
+ 35.4
+ 51.5
+ 26.2
9,067,384
12,958,281
37,108,903
—
+ 19.8
.
21,359,926,087
Barbara
1,207,284
+
1,255,042,753
—16.5
—
42,393,400,887
Francisco
Jose
5o7l98~939
1,227,011
8,687,000
2,137,513,375
Pasadena
Riverside
69,227,868
+ 31.1
29,444,369
6,937,376
18,126,809
6,486,551
1,150,588,296
21,393,376
8,873,347
18,379,596
Modesto
7.0
1,627,709
11,762,000
—20.4
.
89,*883,419
2,134,251
32,324,967
6,997,153
N
83,547,984
29.1
2.4
—
366,631,862
•
0.2
+
—
+ 25.0
7,908,722
13,893,648
36,308,496
+ 16.4
12,729,056
7.7
2,515,000
28,553,415
11,439,979
Beach
81,500,023,558
+
-
1.2
344,505,665
285,833,133
.—
7.2
7,023,474,226
5,800,712,005
.+
1.7
3,557,688,160
2,899,779,782
—
/
"Estimated.
'
and Issue—
Company
Redemption Galls and Sinking Fund
due
preierred
and common stocks called for
including
those
redemption,
Offices,
(The
Inc.
due
Gulf
4% conv. debentures due 1952_May 18
7% preferred stock—■—
July 1
Electric Co., sinking fund debentures—
May 22
—May 22
Hotel
1650
—-—
3'/as, due Jjin. 1, 1960————
1970
—
3%s, due Jan. 1,
May 22
—May 15
—-—
$6 preferred stock
Atlantic City Electric Co.,
Ax/ton-Fisher Tobacco Co.,
.—July 1
preferred stock——
1st mtge. 33As, due 1956
July
Pulp & Paper Co., Inc., 1st intge. 5s, due 1949_Jun
Bangor Hydro-Electric Co.,
1
1
1968
Buffalo Niagara Electric Corp., serial debentures—
Series B, 3%, due 1945, 1946 and 1947.—
Series C, 3V<i%,
due 1948 and 1949
——
Jun
1
—Jun
_Jun
1
1
1st
Co.,
July
1st
r
1651
1858
Iowa Electric Co.,
series A, due 1953
—Jun
1
...Oct
1
sinking
L.May 31
lien
Aug
1
1
1858
series B,
1859
due I960——>
5% guaranteed bonds, due 1969.July 1
Canadian Pacific Ry., 5% collat. trust "bonds due 1954
Jun
1
Caribbean Sugar Co., 1st mortgage 7% bonds due 1941_May 16
Celanese Corp. of America, 7% prior preferred stock—May 17
Century Ribbon Mills, Inc., 7% preferred stock..
Sep
1
1653
City Light & Traction Co.,
1
1860
May 19
1
9
1654
1860
National Container Corp.
Jun 30
1655
1
1860
1
1860
July
———
Cigar Corp., 6Va% prior pfd. stock
Consolidated Oil Corp., conv. 3Vs7o debs., due 1951—
Jun
Consolidated -Textile Co., Inc., conv. 5 7o debs., due 1953-Jun
American Sugar Co.,
5%%
conv.
pfd. stock
1653
it
1860
mtge, 3%%
Mengel
Minnesota
1936
due 1950
bonds, ser. A, due 1955
;
.Jun
Jun
4'/2s, due 1947——'—.—
i.Jun 21
Stores Co., Inc., preferred stock:
—May 20
Transfer Ry., 1st mtge. 3%% bonds dated
a.————
—Jun -1
Co.,
Mercantile
1st mtg;e.
1
>.<>'
1801
1863
Florida
St.
1447
1863
1864
1764
1
,
bonds, ser. C, due 1956
-Jun 17
Public Service Co., 1st mtge. 5s, due 1959—.May 17
Water
1290
—
Electric
Sunray. Oil
Terminal
& Power
Co.,
1st & ref, mtge.
1901
1802
I:
*
1597
,
*
debentures," due 1952
.May.15
Corp.,' 5'^% conv." preferred stock———Jun 6
4%
RR.
Association
bonds, due
1660
mtge. ref.
-
1
United Public Utilities Corp.,
due
1958
ing Co.,
Wilson
&
•_
—
first preferred stock.
1st mtge, and coll. 3%%
—
Westchester Lighting Co.-New
.
——July 1
series B, due I960.——.
Van Raalte Co., Inc.,
West Disinfecting Co.,
—
1
1
bonds,
—CJun
1
18.08
1
1
1808
1808
-July
York Westchester Light-i^
in this issue.
.
•
debentures, due 1954
—-——IJuly
Co., Inc., first mtge. 3% bonds, due 1958—llJu'n
■*
5%
♦Announcement
1902
1902
682
—Jun
l.j-
1767
1902
1902
coll. trust bonds—
series A, due 1960
5V2V0
ft
3xk%
of America,
>
*
5
1
debs.; due 1955—Jun
Biscuit Co.
6%
1558
gen.
Edison Co.,
1288
ii&
of St. Louis,
1953.—<Jun
3'/2% debentures, due I960—
_Jun
Toledo
.United
1865
.
*
:
+.\
1900
;
Works, 1st mtge. 3%%
1961
/
Rys. Corp., prior lien 6s, ser. A, due 1958—July
1801
Simmons Co., 4%
1659
1765
1866
City Omnibus Corp.—
1
-Jun 17
^
—
.1764
Products-Corp., 3lk7o debs., due/1960—Jun
1
England Power Co., 1st mtge. 3'As, ser. A, due 196l_May 15
York
,
/ /;.y,v
bonds, series A,
——Jun
1
5%
bonds, ser. F, due 1955—_——May 22
Schenley Distillers Corp.,.5V2% preferred stock.———Jun 30
Sherwin-Williams Co., Cleveland, 5%
preferred stock,
series AAA
i
Jun
1
1766
New York
Louis
due
1
—
15-year 5'/2%
joint income
Steel Corp., gen.
1961
San Jose
1863
1
July
and
notes———July
mtge. 4'/a% bonds, ser. B,
General mortgage 4'/2%
1447
1
bonds, due 1956—
Alegre Sugar Corp.—
Republic
1148
—_Jun
New
1868
1801
i—_
Baragua Sugar Estates, income debs, and notes
Companias Azucareras
Punta Alegre, S. A.,
debs., due 19,52_Ocfc
5%
1
—.
Mississippi River Power Co., 1st mtge. 5s, due 1951—.July
Missouri Gas & Electric Service Co. 1st mtge. 4!%
to
New
Cudahy Packing Co.—
debentures,
/
1868
1
5
8
1
National Dairy
1st mtge. bonds, due 1952—Jun
1348
——;—.Jun
_Jun
Savannah
Terminal Co., 1st mtge. bonds
Jun
1
Kaufmann Department Stores, Inc., preference stock—Jun 15
Keith-Albee-Orpheum Corp., 7% preferred stock
Jun 15
Louisiana Power & Light Co., 1st mtge. 5s, due 1957—May 26
Louisville & Nashville RR. unified mtge.
4% bonds,
-1858
*
1868
1
1st lien & gen. mtge. 4'/h%
1st mtge. 5s, due 1950—.Jun
1863
&.
1st mtge. 4s, s<pr. A, due 1961..——Jun
—r
' v 'A:
4% debs., due 1949—
Punta
5
Kanawha Bridge &
1755
& Coke Co.,
1867
1768
•■■■;:
Portland General Electric Co.,
due
Co.,
1
Public Service Co. of Colorado
1548
1858
Gas
Portland
;'
bonds, series C, due 1956
Paper
936
Jun
1st & refunding 5%
fund mortgage bonds, series A and B
International
Rys.
of Central
America, 1st
refunding 6'/2% bonds, due 1947
—,
International
1650
1
Pittsburgh Steel Co., 1st mtge. 4'/2s, ser, B, due 1950—Jun
Oct
1
July 1
July 1
May 31
Line, 1st mtge. 6s,-due 1946
1st & ref. mtge. bonds,
1650
1761
4V27o
—
mtge.
1
1451
1696
Jun
— ——
bonds, due 1950
mortgage
6% preferred stock
Irrigation Co., Ltd., 6% bonds dated 1909
Taft Corp., 1st mtge. 5% bonds, due 1947
ref.
I9601
1250
Jun
1867
May 16
May 15
Phelps Dodge Corp., conv. 3'/2% debentures, due 1952—Jun 15
Philadelphia Transportation Co., consolidated mortgage
3%-6% bonds,1 series A——.
—
.Jun 15
1861
May 22
Corp.,
&
1
1656
"
(closed)
Illinois Power Co.—
; c
Canadian National Ry.,
Steel
Hudson River Day
Birmingham Electric Co., first and refunding mortgage
due
bonds, due 1952
Ltd., iirst mortgage 4V2s, series A,
bonds, due 1961
1857
1553
Jun
States
Pennsylvania-Central Airlines Corp., preferred stock
Pennsylvania Glass Sand Corp., 1st mtge. 3'/2s, due
1860
1
Page
1
Jun
convertible prior preferred stock
$5.50
1
Co.,; 1st collateral lien bonds, due 1957
Oklahoma Natural Gas Co.—
mtge.
Hawaiian
1649
2%s, due Jan, 1, 1950-
1st
A,
July
1952
Harvill
Page
Date
and Issue—
Bldg.)
Graybar
Grocery Store Products Co.—
Collateral lien 6% bonds, due 1945
gives the location in
given in the "Chronicle."
American Bemberg Corp.,
1655
gold bonds, ser. A, due 1946—Jun
1st mtge. 4%
General Steel Wares,
last date for mak¬
Allis Chalmers Mfg. Co.,
ser.
1948———
Emporium Capwell,
ing tenders, and the page number
which the details were
bonds,
Engineers Public Service Co., preferred stock—.
Fruehauf Trailer Co., 5% preferred stock
called under sinking fund provisions.
The date indicates the redemption or
4'/2%
Massachusetts Street Ry.,
leasehold sink, fund 5%
bonds, notes,
.•
Date
and Issue—
Company
Page
North Texas
collateral trust bonds due 1945
6V2%
Eastern
Below will be found a list of corporate
Date
May 15
,
Dominion Gas & Electric Co.—
Eastern
4%
2,576,000
VvV'v
+ 18.3
2.3
—
402,204,691
3,143,000
Berkeley
1st
12,367,358
+ 26.0
+ 27.5
—
3,857,490
,
5,571,572
109,714,664
Calif.—Bakersfleld
Conv.
+
+ 46.0
■.
+15.4
+
306,172,419
Ariz.—Phoenix
Cuban
62,i~72~20r
4.6
■
3,616,000
.
i
75,524,025
+
-
'
13,384,690
+ 22.3
46,507,000
1,464,930,599
13,910,447
+ 11.4
;
—
Utah—Ogden
Salt Lake City
Consolidated
"
1,779,371
2,667,309
■
District—San Francisco—
Yakima
American Gas &
/ii
9.0
5,418,410
2,477,279
3,769,749
cities)
:
100,047,497
•
104,692,000
+ 13.7
1.3
+
—13.6
0.1
1,685,352,838
+ 30.8
371,221,818
9,219,564
7,719,700
Grand Total (187
0.2
2,959,265
2,555,634
7.7
+
44,536,632
47,964,136
33,938,193
1,916,333,961
3,418,236
1,050,498,269
(11 cities)
Stockton
+
25.8
17,608,637
4.7
-
1.5
+
5,484,805
851,004,057
—
377,965,417
2,601,082
21,942,290
Seattle
■*"
186,899
+ 10.8
3,723,948
5,911,043
Twelfth Federal Reserve
4V2s,
175,874
-13.5
1,690,151,102
17,530,384
Wash.—Belllngham
Bedford
-21.4
3,806,909
.
La.—Shreveport
Company
-12.9
411,379
19,238,496
+
54,252,117
Arthur
Ore.—Eugene
122,431
189,319
234,665
976,980,254
—
32,124,703
12,706,000
423,483,566
—
San
119,778,551
4,704,543
3.8
—
453,134,669
53,543,151
—
Total
—
8,263,875
42,031,592
San
150,473,162
0.7
+
204,428
2.4
+ 33.8
12,717,072
464,688,333
Worth
Santa
—
8,233,744
Paso
Portland
—
+
11,550,559
—
Dallas-—--
Total
3/909,273
'
District—Dallas-
Federal Reserve
Texas—Austin
Texarkana
92^,779
3309347
4,070,114
1,172,056,436
3,718,454
215,206,470
3.0
+
53,945,340
4,663,037
227,299,209
Pueblo
—
+
683,371
55,572,396
Wyoming—Casper
Long
7.3
15,917,519
235,955,748
Colo.—Colorado Springs
Denver
i
Falls
^907,234
-
1.2
—
66,924,964
120,349,292
—22.2
—
24,583,156
25,128,904
703,826
Okla.—Tulsa
.
8.5
5.8
—
1,240,917
750,436,019
Carthage
Port
+ 13.2
5341,482
190,665,334
192,030,806
+ 12.7
3,647,975
>
,
74,128,259
1,313,836,303
4,408,042
5,066,388
51,663,027
135,573,900
13,989,120
3,255,555,613
9.5
—
313,852,800
;.
City
Wichita
"¥l9343
6.2
3.4
:
5~818,631
0.4
+
+ 11.8
18,442,410
3,063,922
Joseph
Houston
5.0
1,632,682
12,226,277
Galveston
1,075~201
A
63
+ 22.4
1355,389
1,413,745
19.6
'79,350,591
34,538,477
Topeka
Ft.
"+~
•/
323,387
975,150
Wichita
El
+
+
—40.7
1,247,684
Parsons
Beaumont
17,015,282
21,087,168
79,662,365
1,733,317
—
295,792,779
Omaha
Kans.—Manhattan
Eleventh
1,280314
2~7~2~7~578
—~1~0~3
1,358337
28~168,280
+ 21.5
3.6
—11.3
1,085,381
751,945
16,681,575
Kansas
3,369" 080
37369,345
*
+ 32.7
4,828,017
5,868,189
20,353,831
22,133,684
4.8
+ 15.9
+.
District—Kansas City-
Lincoln
St.
3,366,294
80,466,330
3.6
+A3.3
498,954
:
Mo.—Joplin
3,882,211
2~83~9~830
3,022,207
50.3
20,062,715
$
100,290,068
-
"+""3.5
6.7
7,646,000
47320,482
6.3
52,025,646
10,149,000
.v.'.v
•
17.2
2.7
■-AA'. $
0.2
+
49~593,359
9.4
724,079,436
9,719,895
862,003,818
Neb.—Fremont
Hastings
4,766,456
127,031,831
791,893,493
—
Total
3,517,819
127,306,608
+ 24.7
+
1.3
+
5,139,617
—26.2
1.0
+ 63.4
—14.9
' 20,401,942
833,583,987
-
-
Dec. %
7,293,365
65,952,035
1941
1942
Inc. or
$
$
2,057,764,957
—21.2
4,729,585
5,142,500
18,094,922
480,210
•
Lewistown
6.1
+
Dec. c/o
+ 11.4
1,315,387
'
3.7
—
13'9?3.666
5,480,712
—.
Falls
Great
Helena
548,025
12,661,196
2,310,000
2,040,150
5,767,458
12,674,309
1,252,819
-
I
2,020,757
201,194,082
2,130,688
431,605
10,773,382
Rochester
—
$
1943
1944
Inc. or
66,642,545
12,362,832,250
9,093,534
—10.4
18,570,501
570,510,877
1943
:■$
Dec. %
$
■
16,648,092
549,492,260
Minneapolis
Winona
$
District—Minneapolis—
Minn.—Duluth
St.
y
■
.
-Week Ended May 6-
April 30-
1944
Inc. or
/AA 1943
■w^7':\V1944
,
Clearings at—
-Jan 1 to
of April
Month
'
■
Monday, May 15, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2006
*
,
(
Volume 159
Number 4281
THE COMMERCIAL & FINANCIAL CHRONICLE
■
"
■
DIVIDENDS
•
Dividends
first
In the
bring together all the dividends announced the
we
current week.
which
grouped in two separate tables.
are
Then
follow with^a
we
second table
in
show the dividends previously announced, but
we
which have not yet been paid.
Further details and
rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and
Investment
News
Department"
in the week when
The dividends announced this week are:
v
■7%
Per
Name ol Company
Airplane
& Marine Instrument (irregular).
Albany.& Susquehanna It'll, (irregular)
Albany & Vermont RR. (increased
Payable
7y2c
6-
1
7-
1
5-
7-
1
1
25c
6-30
6-
59c
6-
5
7-
1
6-10
6-10
5-19
•
dorp, (s-a?
371/2
9
6-
1
5-13
Tennessee
6-
1
5-13
Terre
6-
1
25c
common
;
87y2c
__
Hecht
Company
Hecla Mining Co
(initial)
A
6-
1
Toledo
7-31
7-15
Commerc'l
Tele.
5-31
6-
1
5-22
Toronto
6-
1
5-22
Transwestern
7% • preferred (monthly)
Tonopah Mining Co. of Nevada
Elevators, Ltd., 5VV%
Oil
5-12
5-
8
208
6-20
6-
8
6-20
$$1
6-26
5-26
$1.50
6-
1
5-11
U.
$1.75
6-
1
5-11
preferred
6-
1
6-
1
5-18
tlSVfec
6-
1
5-20
$37>/2c
6-
1
5-20
30c
7-
1
6-15
"
Salle
&
Mfrs.
(stock
5-20
5-20
6-
3c
American
(quar.)
1936.
1
5-23
7-
6-20
5-31
5-15
$50c
5-31
5-13
10%
5-15
5-
50c
7-
1
6-15
$1.75
dividend)
1
$50c
(irreg.)
;_
7-
1
6-15
Gas
or
&
preferred
$1.50
6-15
25c
6-15
6-
5-31
5-17
6-22
6-
7-
1
6-17
6-15
5- 9
62y2c
Wabasso Cotton, Ltd.
(quar.)
Wamsutta Mills (quar.)
>
$$r
:
50c
American
Machine
(quar.)_
$20c
7-15
6-15
7-15
6-15
preferred (quar.)
Western Ay to Supply
(quar.)
Westgate-Greenland
$6
$1.50
Atlantic
5%
Gulf
&
SS
H.)
B
6-15
t75c
10-16
9-15
50c
6-10
6-
1
6-
1
Wright-Hargreaves Mines__________________
Youngstown Steel Door___.________________
25c
6-12
6-15
6-
or
(B.) & Co.
Co.
$3
5-20
Lanston
Extra
6-12
6-
6-10
5-25
6l
1
3
6-15
MacLaren
6-15
5-31
Mallory Hat, 7%
7-
3
6-15
7-
3
6-15
7-
3
2
pfd.
50c
6-
1
6-
1
1
5-10
6-15
5-20
6-1
75 c
6-
1
6-
1
Co,^.^_._-._„_^_j„-
Butler Water,
$1.75
Cold
(quar.)
Dominion
6-
6-
1
5-12
6-1
5-15
6-1
5-15
$1.75
____
6-15
6-
•
5
1
Sugar,
(accum.)_
Ltd.
5-10
$1
5-
1
5-15
(interim).
20c
Forging, class A (quar.)
Canada Wire & Cable, class A Cquar.)_____
$37V2c
6-15
6-
$$1
6-15
5-31
Canada Foundries &
Class
$25c
6V2%
preferred
Canadian Food
6%
Oil,
5 %- 1st
5%
issue
2nd
Central
West
lien
preferred
(accum.)
Insurance
Corp.
6-20
6-30
5-23
5-8
5-23
5-
8
$3
6-20
5-31
$3.50
6-20
5-31
(Kansas
50c
5-15
37%'C
6-30
6-20
preferred
(s-aj___,
37 Vhc
9-30
9-20
preferred
City)
5-
(s-a)
37 V2C
(quar.)
Chain Store Products
$1.50
$1.50
Chestnut
Hill
$1.50 pfd.
(s-a)
5
12-20
12-30
Circle
Bar
Knitting
City of New
City
RR,, (quar.),
$3 preferred
Corp.
Castle
Water
Co.
Clayton
4
5-20
____
75c
6-
1
.____
(quar.)_
6% pfd.
Chattanooga—
$15c
6-
i
5-15
6-
1
5-15
$1.50
6-
1
5-11
(quar.)
Mines.—
i,
75c
Water
Power
Can
Continental
Casualty
Continental
Commercial
preferred
of
Co.
(Chicago)
.5-15
5-15
America
Inc
6-
37%c.;
6-24
Murphy
National
8-15
8-
5
Diamond Alkali Co.
50c
New
6-
Dominguez Oil
St. Louis
&
Interurban
6%
preferred (quar.)
7% preferred (quar.)
Natural
preferred
Gas,
.
7%
(quar.)_____
common
(quar. )!__=.
Pen
Co.
Stow
&
(Charles)
guaranteed
preferred
Rubber
Compress
(irregular)-
7%
(quar.)__—
Placer
$3
& Co.
(irreg.)___—_—
Finance Co.
Amer.
at
Bait., cl. A
(quar.)_________"
General
Shareholdings
(quar.)
Corp. (quar.)
General Bronze Corp. (s-a)
(optional).
.
Cash
share
or
Corp.
——
$6
44/lOOOs
held—.
&
6%
conv.
6%
conv.
of
5-11
Class
$1.75
6-
(quar.)_—
Great Northern; Paper!
!.
Great Northern Ry- Co., preferred
Group No. 1 Oil Corp.-
Gas,
preferred
(accum.)_
1st
Loan
preferred
A.)
Pen
(quar.)—_
6-10
1
5-20
$1
6-19
5-22
$50
6-30
6-
40c
v
6-
2
5-25
5-15
4V*%
Sun
Co.
Oil
Sylvania
Extra
com.
(quar.)
(quar.)__
(quar.)
Industrial
__.
6-
5-13*
1
6-
;f
•
1
6-
V
<
6-15
15c
5-13
-
7- 1
1
6-15
7-
1
6-15
6-
1
5-19
6-
1
5-19
6-
6
5-23
6-
1
5-15
5-
1
4-25
6-
1
5-15
6-15
7-
6-
5-15
5-
6-30
5-26
1
5-22
5
6-
5-15
6-15
5-15
50c
5-15
4-21
7- 1
6-
5-1Q
(initial)-.—
20c
$3
preferred (participating).—
__27 82/100c
American Smelting & Refining Co., com
50c
American Steel Foundries (quar.)
50c
American Superpower, 1st pfd. (accum.)___
$1
1
6-10
American
1
5-20
6-16
5-22
7-
1
6-15
6-
1
5-19
American
Service
Co.,
common,
Thread, 5% preferred (s-a)
Co., common (quar.)____
Class B (quar.)_
Amoskeag Co., common (s-a)
:
Common
$4'/2
preferred
(s-a)
6-1
5-19
Ampco Metal, 6% preferred (s-a)___.—____
Anglo-Canadian Oil, Ltd. (interim)—.
6-15
5-25
Archer-Daniels-Midland
6-
1
5-15
Argo
5-
1
4-20
Oil Corp.
(s-a)
Extra
——
—_______
Arkansas Missouri
6-10
5-
Artloom
6-
5-13
3
6-10
7-
1
6-10
7-
1
1
5
6%
__.
Corp.,
7%
preferred (quar.)—_————
Art Metals Works, Inc. (quar.)__.__—__—
5-
6-10
5-26
Associated
6-
5-11
6-30
6-15
6-
1
5-15
7%
Breweries
of
2nd preferred
6-15
5-25
6-15
5-25
Atchison
6-15
5-25
5-25
5-15
Canada
(quar.)____
—
(quar.)—
Atlanta Gas Light,
Astor
Financial
Corp., 75c preferred
Topeka
Santa
&
(s-a)__
5-15
1
5-20
Atlas
5-20
Atlas
Powder
1
5-19
Atlas
Tack
1
5-19
Aunor
1
8-15
Automatic Products
1
8-15
Aviation Corporation
5-15
5-
Avondale
$1.37y2
6-
1
5-23
Common
6-1
5-23
Axton-Fisher
6-10
5-20
B/G Foods, Inc., 7%
40c
5-19
5-12
6-
5
5-25
669-
12y2c
9-
62y2c
5
7%
Gold
Mills,
;
5-12
5-22
5-12
4-15
1
4-15
10c
5-15
25c
$1.50
6-15
5-31
6-15
5-31
6-
1
5-
8
6-15
6-
1
6-
1
5-15
$1-75
6- 1
5-15
25c
$1
15c
6-21
6-12
$25c
6-30
5-31
25c
6-1
5-12
6-1
5-12
6- 1
5-12
6-20
6-5
37VaC
6-
5-
1
5-15
6-15
5
5-12
6- 1
,
5-22
6- 1
5-15
6-10
5-31
40c
5-31
5-15
—,
$5c
6- 1
5-
8
10c
5-15
5-
5
5-25
5-10
7c
6- 1
5-15
6-15
(quar.)
;
—
7- 1
6-20
7-1
6-20
5c
15c
6-1
6-1
5-15
10c
$$1.50
$$2.50
5-20
5-
6-1
4-29
6-1
5-15
$$1.50
6- 1
5-15
Petroleum
Toronto
preferred—
prior preferred
Show., Inc., common
(quar.)—;
Bandini
5-22
5-15
$1.75
Bank of Montreal
25c
5-2P
$8.75.
6-30
25c
1
(quar.)
preferred
of
5-
6-
pfd. (payment clears all arrears)
Radio
7-15
Bank
5-15
7- 1
6-30
5-25
5-11
$5c
1
7- 1
5-31
6-15
6-24
6-
$1.50
7-15
25c
6-24
7- 6
30c
10c
Corp.
Tobacco, $6
.6-15
6%
5-10
7- 6
75c
$2.25
—
(quar.)—..—
common
50c
V
5-10
1
7c
prior
Baltimore
1
6-
75c
(quar.)—
Mines
5-31
7-1
6-
75c
Co.—
(quar.)
(quar.)
(quar.)
Banque Canadienne Nationale
——
—
5-15
8
(Montreal)—
Quarterly
I
,
5-20
75c
$1.12V2
$1.74
25c
Corporation, 6% preferred (quar.)
Corp.
y
75c
$1.50
Fe
5-25
37V2C
1
5
5-31
$1.50
$1.75
Associated Dry Goods Corp., common
6%
1st preferred (quar.)—______
1
65-
6-1
10c
common
5-15
1
1
7-
12VaC
.
1
15c
—;
—
5-15
5-31
7-
5
50c
Co.
Power, common (irreg.)_
preferred (s-a)_
Armstrong Cork Co., common (interim)
4%
conv.
preferred (quar.)______
6-15
5-
5-31
6-15
—
$1.06V4
.
(quar.)
6-12
50c
$1.25
preferred
(quar.)
5-15
20c
6-12
i—
(quar.)
convertible
Co.
Ohio,
;
6- 1
$1.75
(N. Y.)
Rolling Mill Co
American Safety Razor
6-
.
of
1
Sanitary—
American
ic
—
Products
Oil
6-
*
5-15
5-15
30c
Standard
American Re-Insurance
5-11
$1.50
____!
preferred
5-29
1
1
$1.50
(quar.)
5-19
5-20
$1.50
Spencer Kellogg & Sons
-5%.
preferred
1
1
1
37V2c
Co.
;
6-30
6-
6-
25c
Common
6-
12V2C
Insurance
5-18
5-18
10c
&
6-
25c
(quar.)—
.___
Accident
15c
'
50c
common
4J/2% pfd. (quar.)___
Atlantic City Electric, $6 preferred
Atlantic Refining Co
(quar.)—_
___.
~
;
50c
^62Vic
$1.37y2
pfd.
6-10
6-10
75c
com—
(bi-monthly)
6-
$1.25
,
Mill
Standard
Illinois,
(quar.)
45c
6%
Spear & Co., $5.50 1st preferred
$5.50 2nd preferred (quar.)__
1
American Radiator
Co.
50c
Co
5
7-
5-23
$1.50
(quar.)__
Soule
40c
5-29
10c
5
5-18
American News
22c
6-
5-16
V-IFi
37M2C
(quar.)
(accum.)
Greyhound Lines
Extra
of
(quar.)
7-15
$50c
(quar.)
Valley Water,
$1.50
75c
—
Co.
preferred
8-15
7%
5-24
20c
(monthly).
(quar.)
preferred
11-25
62'/2c
(quar.)
(s-a)
preference
6%
8-25
1
1
Corp. of Deleware, prior
Investment
convertible
8-15
50c
Assn.
6-15
1
$2
1
6-
75c
American Metal Co., Ltd.,
9
9-
12-
«
$1.05
preferred
15c
6-
5%
ioc
Extra
Snort
preferred
1
5-25
1
6-
Leather—
Insulator
American
5-15
$1.50
Quarterly
Standard
American
3
$1.50
(quar.)__u
Southeastern
&
4-20*
5-20
$1.75
(special).
50c
class B
Lead
common
________:
American Home Products
5-22
6-
Corp.,
(quar.)
(quar.)
preferred
conv.
6-
5-15
6-15
L
•,
$2.50
RR.
6%
5-10
5-31
6-20
$$1,621/2
(quar.)______
5-17
6-5
5-20
6%
6-15
$1.75
___■—
(quar.)
preferred
1
Inc.—
:
preferred
American Hide
5-27
25c
5-18
6-20
$3
1
6-
12y2c
$1.50
.
6-15
30c
5-13
6-16
1
1
5-15
7-
$1.75
$1.25
(quar.)
Extra
Shenango
50c
_>
$5
(W.
5-16
pfd.
1
1
6-30
General
preferred
6-
6-
6-1
5
6-
;
70c
fquar.)
__;
A
6-12
American
7-
6-
(quar.)
-
(accum.).
$2
1
A
(accum.)
$2.50
6-10
5-
1
7- 3
$2.50
(quar.)__
preferred
Remedial
Corp.,
1
preferred
preferred
5-13
6-10
6-
1
(St.
American Tobacco
common
Whitehall
Francisco
Sheaffer
$6
5-13
7-
5-12
$1.75
$7
1
1
6- 5
75c
Co.
(quar.)_
1
7-
5-22
$1
(quar.)
preferred
6-
6-20
pfd.
preferred
6-
5-15
7%
75c
1
$1.50
.
(A. C.) Co.____
Insurance
&
6-30
share
a
5-19
6-30
6-15
$30c
(quar.)—
7%
5-15
6-1
Ltd
American Forging & Socket
American & Foreign Power Co.
5-15
7-15
Co.
$1
____.
6-
5-15
1
1
6-16
6-
$$2
(quar.)—
;
7%
1
1
6-30
1'
25c
2Vic
preferred.;.(quar.)
Manufacturing
Royalite Oil Ltd. (s-a)__
$1.50
6-
6-
7-
6-24
15c
(quar.)_
(quar.)
American Can
5-26
6-
5-20
5-20
7-20
25c
American Envelope,
4-29
6-
6-10
75c
35c
convertible
Extra
Louis)
5-20
1
5-12
8
25c
75c
5%
Risdon
Serrick
1
6-
6-
9
5-
6-12
$1.25
Insurance
$2.50
prior preferred A
5-23
6-
6-15
$25c
Corp,„
6-15
6-15
6-10
6-
5-15
1
6-10
$$1.50
Automobile
$1.75
6V2%
Seattle
15c
5-26
5-15
6-30
5-15
25c
(quar.)
preferred
American
25c
(quar.)
(quar.)
5-17
■'
1
4-29
6-
15c
American Arch Co
$1.50
common
Gamble,
5-31
75c
-—
America
General
preferred
San
$2
35c
(accum.)
10c
$7
pfd.
(quar.)_
Co.
Inc.,
5-12
6-
5-20
25c
Corp.,
$1.75
:
Development
1
25c
6-
preferred
50c
(quar.)
6-
6-26
1
$1.75
—
Inc.
Electric
40c
Lead.
5-20
6-
common
common
$25c
Public Electric
.
Felin .(John J.)
of
preferred
Water,
1
5-22
1
Pittsburgh Youngstown & Ashtabula—
Joseph
50c
Warehouse
&
(quar.)
Pittsburgh & Lake Erie RR
Pittsburgh Plate Glass (quar.)
Joseph
6-
1
75c
(s-a)_;
Rutland
$1
6-
Industries,
6%
5-15
$$1.50
Philadelphia Suburban Transport'n (quar.)_
Phillips Pump & Tank Co., class A
Pittsburgh Bessemer & Lake Erie—
Sherman
(quar.)_-_.
pfd. (quar.)
quar.)
Water,
&
St.
6-
5-31
$1
6%
5-15
1
$1
;—
State
St.
60c
1
6-
$1.50
—
(quar.)—
(increased
9
,
8
(quar.)
$$1.75
Wilcox Co
Pennsylvania
6%
6-
6-
30c
(quar.)
Paterson-Sargent
Peck
6-15
15c
common
Manufacturing
Parker
6-15.
$1.50
common
(quar.)
5-12
5-11
6-
$1.50
(quar.)
preferred (quar.)
$3.50
Co,__
Products,
preferred
6-
$1.75
Empire & Bay State Telephone—■
Glen'-Falls
Steel
Pacelot
6-15
1
50c
Corp.,
Power & Light, 6%
Service, class A__
Water
Ontario
5-25
1
6-15
20c
5-12
$1
Amalgamated
50c
RR
Car
Pharmaceutical
Nova Scotia
V.
,i—______________
6-30
Amalgamated Leather Cos. Inc.—
60c
preferred A (quar.),
$6 1st preferred A (quar.
North Pennsylvania RR. (quar.)_
Ohio
1
7-
$1.50
1st
Norwich
7-
40c
Central
American
1
1
20c
Laboratories, Inc
6%
6-15
$1.75
Electric
York
North
50c
______________
Steel,
(quar.)
Co.
Aluminium, Ltd.,
6-15
13%c
(quar.)
25c
Water—
.
(Tenn.)
(s-a)______'
J.)
6-
:
(monthly)
Durez Plastics & Chemicals (quar.)
each
(J.
6-23
8
of Reo.
6-12
Mills
50c
$2
Fields
Insurance
B
preferred
Newport
$6
Accident
preferred (quar.)
(quar.)___
Cordage, common
Bedford
Class
1
1
75c
Power, 6%
25c
(quar.)
Dictaphone Corp., common
*8% preferred (quar,)—^
•for
&
(quar.)
preferred
7%
New
Co.
25c
(quar.)_—
Diamond T Motor Car
Gilbert
Life
Nebraska
7%
C.)
7-
7-
$2
(quar.)
Steel
50c
.Class B
(G.
preferred
1
5-15
Extra
5-15
30c
__;
8%
Republic
5
Kid
Aluminum
$2
Corp.—
Water Works,
Grain,
5-12
Ludlum
preferred
Allied
7-
34%e
(quar.)___
Reliance
5-
Federal
Wheel
Muncie
pfd.
5-25
6-
Holder»
(quar.)—
Allied
1
25c
Consolidated
6-10
6-10
7-
$1.50
Light, 6% preferred (accum.)
Rath Packing Co., 5% preferred (s-a)
6-12
Faultless
Motor
Society, 5V2%
Cafeterias
5-20
.
5-17
25c
5-15-
1
6-20
6-10
77o
Allied
1
75c
5-15
!
6-30
Allegheny
5-20
6-
$1.25
6-
5-15
'4%'
Loan
Morrison
6-10
1
When
(quar.)
Alabama Water Service, $6 pfd.
5-20
$1.75
common
Planters Nut & Chocolate
25c
Paso
Utilities,
Prentice-Hall,
6-10
1
1
6-10
$1.50
preferred (quar.)
Monarch Machine Tool
5-25
6-30
66-
$1.50
5%
6-15
50c
}7%
Missouri
6-15
International Bridge
(resumed)
Detroit-Michigan Stove 5%. pfd, (quar.)
5%
preferred
(quar.)—
El
preferred (quar.)
preferred (series 1940) (quar.)—
junior preferred (quar.)
7% preferred (quar.)___.
Midland Oil, $2 conv. preferred
(accum.)
$6
6-30
$1.12%
Detroit
East
6%
6%
50c
5-15
5-20
1
Associates, Inc.
6-
(quar.)—
1
7-
6-15
35c
Manufacturing
25c
6-27
1
6-17
6-
Air
D.)
(J.
7-
6-12
6-
5-22
$1.75
common
7-
75c
preferred
Service,
6-10
Payable
(irregular)—
prior
Public
1
share
(quar.)
Co.
$7
Michigan
5-31
7-
Comnaniet
Alpha Portland Cement..
4-15
1
Adams
6
6-30
$1.25
Wire
7-
6-
1
6-
Acme
Co.
7-
5-15
50c
Deisel-Wemmer-Gilbert
4-26
1
25c
(quar.),_.
6-10
Per
Steel
$1.75
6-15
12y2c
;____
Corp.-(irregular)__;
Power & Light 4y2% pfd. (quar.)__
5-
Miscellaneous
Name of Company
Acme
$1.50
6-15
$1 75
Petroleum
5-13
and
(quar.)__
preferred (quar.)
Procter
;
5-31
Industrial
prior
5-15
Corp.—
(accum.)_„__
5
$6
30c
(quar.)
3
5-
35c
$7 preferred
25c
.
(interim)__
Co.
6-
$1.50
50c
&
5-23
6-15
10c
(quar.)
5-11
20c
25c
week, these being given in the
5-23
6-15
81V4C
(quar.)—
1
preceding xable.
$1.75
preferred
$$3
pfd." (s-a)
8%
(quar.)
Paper (quar.)_
Continental Assurance Co. (Chic.) (quar.)__
Dayton
1/
$5
6*
5-11
10c
;___.
25e
Amusement
5-20
50c
(quar.)
(quar.)—
Car
$4c
Consolidated
Creole
5-15
6-12
Ltd.—
,Quarterly
Congoleum-Nairn
Creameries
6-
$3c
Corp.,
5-20
Allied Stores Corp., common
5%
preferred (quar.)
5-11
1
7-10
iy2c
___
Milling & Elevator, $3 pfd. (quar.)
Confederation
/7%'
Motor
Pfizer
6-
$1.25
Commands Oils, Ltd.___
Commonwealth
International
Continental
preferred
5-15
(quar.)___—
Silver
Colorado
6-
;
(quar.)
Water,
of
5preferred
75c
$5c
Chicago
6-15
give the dividends announced in previoui
The list does not include divi¬
1
6-1
5%
Transportation
Corporation, common
Metropolitan Edison,
1
Utilities Co.—
7%
,
8
6-
80c
(accum.)
&
6-
6-10
80C
'
preferred
Surety
7r/o
Meteor
5-31
6-28
(final)___
we
5
6-1
$1.75
;
Newberry
lien
prior
5-31
1
7-
$1.50
6%* prior
Central
5-31
6-15
Co.—
preferred..
& South
6-15
1
$1
preferred
issue
1
$2c
(quar.)_____
Railroad
-
$ 62i/2c
quar.)_
Mines
common...
preferred
Cataw*>sa
(increased
Gold
:
$$1.62'/2
(quar.)
Products
Malartic
Canadian
Canfield
6-
(quar.)
Miners
Textile
Monroe
Storage—
participating class A
&
3
'$1.25
(quar.)
preferred
7%
5-15
7-
50c
common
California Ice &
5
5-25
$15c
__________
Mills,
5-
5-15
40c
Ltd.. (quar.)_______
(Los Angeles)
Inc.
5-15
6-15
45c
Products
preferred
Canada
$1
Paper
preferred
___:
3
$10c
_,
&
registered
&
(s-a)
participating preferred (quar.)
Participating
Thermit Corp., common
5-15
5-13
(interim)
Below
6-15
30c
$3.25
5-15
$2
5-25
5%
Consolidated
Metal &
(optional).
(s-a)__-^
M.
$6 preferred
50c
Burlington
Metal
5-20
6-
$1.50
stock
5-22
5-10
25c
6-
$1,75
,
Sales—
Power
Merchants
5-18
$1.25
&" M.
Ordinary
6-15
6-
25c
J.
(quar.)
&
lc
$1.50
Extra
Marconi International Marine Communication
$50c
common
6-
$1.75
■
weeks and not yet paid.
dends announced this
i25c
7-
M.
Mfg.
'.V
Products (quar.)______
Oil (quar,'
Wiser
.
5-19
Vic
6-24
preferred
Ludlow
25c
(monthly)
Williamsport Water, $6 preferred (quar.)
5-19
$1.50
1
5-31
(quar.)
5-
5-21
50c
7-
7%
;
5-17
Manufacturing
Bullock's,
Lincoln
5-15
5-21
50c
25c
(quar.)_
(quar.)
Water, 7% preferred .(quar.)____
Stores, common (quar.)I
!____
6-24
Boss
Forge
Co.
Lexington
1
5-
Building
Co., Inc.
Salt
'
v
7-
5-10
Ltd.
10c
50c
.___
Machine—;.
5-20
50c
Silk Mills
(quar.)
—
5-20
Investment Trust (s-a)
Border City Manufacturing (quarterly)
Bruck
(s-a)
1
6-15
common_..___
$1.75
(quar.)
Monotype
(H. D.)
Leslie
(quar.)___„
6- 1
:
$$3.50
Co
Boston Ground Rent Trust
Co.
Kysor. Heater
5-10
6-12
6-1
Bond
Buffalo
S.)
1
10c
(irregular)
conv.
of
(S.
1
1
$1.50
Carpet,
share
az
Kresge
$12i/ac
(quar.)
Inc.
.;
preferred
Kuppenheimer
6-
6-
preferred
Stores, 7%
5-31
6-20
25c
(quar.)
Ridge Corp.,
Kobacker
$$2.50
preferred (quar.)
Water Works, 6% pfd.
Birmingham
convertible
Joseph & Feiss Co
Oil
Willson
(quar.)
(quar.U
$1.50
5%
Sen,
2
5-31
6-12
25c
(s-a)
Ties,
preferred
6-
1
$25c
preferred
Bigelow-Sanford
7-
7-
41%C
:___
1
5
1
6-
5-26
50c
1
5-15
25c
6-12
5-16
7-
preferred
$1.75
Co.___i______
1.
9
7-
$6y»c
5-20
1
6-15
Lee
(quar.)
2nd
Cash
7-15
convertible
6%
$2.50
(quar.)'
Scotia (quar.)
Brunnnel
Blue
$75c
Lines—
(s-a)
Seelig Mfg. (quar.)
Beatty Brothers, class A (quar.)
-
5-19
50c
Gear
(W.
&
1
50c
Indies
preferred
Barber-Ellis of Canada
6%
5-31
6-
$15c
Barlow &
Bird
6-12
$50c
Cigar Machinery (quar.)
Petroleum, Ltd. (s-a)__
Foundation, Ltd.—
$1.50
,
Bank of Nova
7%
30c
International
$3.50
7% "preferred
Beau
International
1
20c
Works, $1:65 pfd. (quar.)
(irregular)
Hydro-Electric 6%
pfd. (quar.)
Common
Class
1
6-
40c
Forge_i___l
Automotive
Barber
6-
68 %c
&
West
non-cumul.
Drop
Bangor
5-18
$1.18%
Foundry__
!
American Public Service, 7% pfd. (accum.)_
Andian National Corp., Ltd. (resumed)
Anglo-Canadian Telephone class A (quar.)__
Armour & po,. (111.), $6 prior pfd. (accum.)
Atlas
6-10
6%
.
<
6-15
Virginia Water Service—
6-15
of
share of class B stk._
32
Electric, common
(quar.)____
6
,$2yac
6-15
-
Cash
American
5
5-25
6-
c
Investment
(optional dividend series)
6-
7
$1
.
Cities Power & Light Corp—
$2.75 class A
4% %
i_____:
5-20
'
6-
50c
American Chicle
1
6-26
$66c
(quar.)
common
' $37V2c
participating preferred (quar.)___
1
1
50C
(quar.)__
6% preferred
Potash,
2
66-
(quar.)
preferred
West
6-
25c
St.
Gypsum Co.,
S.
5-11
5-15
50c
Universal Cooler, $1 class A
Upper Canada Mines, Ltd. (interim)_
Virginian Railway (quar.)_.
5-12
$25c
(quar.)
com.
5-22
$1.50
1
6-30
58J/3c
Corp., Ltd., cl. A
(irregular)
Merchants
7%
U.
;85c
:
(quar.)__
(accum.)__"__
Industrial Brownhoist, 60c pfd.
International Bronze Powders,
S.
Lt
B
United
(Madison, Wise.)—
±
South
Class
6-
5-31
41%c
(irregular)_
pfd. (quar.)_
United Amusement
6-30
6-12
$1.75
Co
35c
Municipal Water, 6% pfd. (quar.)—
Imperial Oil, Ltd. (s-a)
Imperial Varnish & Color, Ltd., com. (quaf.)
partic.
6-16
6-15
Mills,
12y2c
—
9
6-28
$1.75
Edison, 5% preferred (monthly)____
preferred (monthly)..„__
;
6-
Land__-_______:
$l.l2y2
(quar.)
Illinois
6%
6-15
5-16
9
1
10c
Oil
$1
(quar.)
preferred
7% pfd. (quar,)
7%. pfd. (quar.)__
Texon
20c
preferred A
Works,
Tex-O-Kan
5
25c
______
conv.
Water
5-15
'
6-
7-
25c
6-
6%
1
$62yac
6-15
Flour
of jRec.
7-
Corporation
&
Holiert
payable
$20c
(quar.)
Haute
When
thare
(quar.)!;
common
30c
Bay
$1.50
Preferred
Ltd.,
50c
;
Mining & Smelting
Huntington Water, 6% preferred (quar.)____
7% preferred (quar.)——
9
(G,),
25c
preferred
$6
Tamblyn
$2
Hewitt Rubber Corp. <quar.)____
Heyden Chemical Corp, common—
5-18
$1.50
(quar.)
6-
50c
6-15
15c
(irregular
1
conv. preferred (quar.)—__
Tobacco, $4 prior pref. (accum.)__
Hazeltine
Corp—
6-15
5-15
Per
Name of Company
7-
preferred (quar.)—___
Illinois
of Re0.
9
Hart-Carter, $2
5-20
$3.75
50c
Holding
0) Rec
$1.25
Allis-Chalmers
Amerex
Holden
Holderi
6-
Hartman
Hudson
When
Payable
1
Hoover Co., common (quar.)
4J/2% preferred (quar.)
When
thare
thare
7-
Hiawatha Oil & Gas, 5%
V
Industrial and Miscellaneous Companies
Mfg.,
common
4% 'preferred (initial)___!—
Aluminum. Co. df: America" 6% pfd.
per
■
25c
Hanley (James),
47o
Laboratories
1
(quar.)
_______—25c
Special
declared..
Allied
'
Name of Company
Gulf Oil Corp.
2007
,
When
Payable
Company
Name of
Barlow
&
class
$1.20
Inc.,
(quar.)
preferred
$ 1 'A
$25c
6-
1
4-28
6-
5
5-15
37'Ac
6- 5
5-15
30C
5-31
5-17
.
Belden Manufacturing Co,
:
(quar.
7-
3
7-
3
5-
6-10
6-30
6-30
preferred
$1.25
& Company
6-
1
1
5-20
75c
(quar.)
Corp.,
Bethlehem Steel
7%
Inc.,
preferred
(H. C.),
71o 1st
1
5-
8
1
6-
2
5-29
5-19
Crown
5-15
5-
1
—
--—
^Bristol-Myers
(interim)-
Palls
(quar.)
6-
1
5-17
7-
3
6-
6-15
15c
7%
5-20*
3
5-18
Diem
4-29
6-1
5-15
Dixie
5
$2.75
5-16
5-
5-20
4-14
5-15*
37'Ac
5-15
4-29
Dominion
62'Ac
5-15
4-29
37'Ac
5-15
4-30
37'Ac
5-15
6-
10c
(quarri—
1
6-
25c
v
Dominion
5-15
$15C
7-15
6-20
$$1.75
7-25
6-20
::"t
—
6-
$$1.25
6-
7-
1
(interim)—
Class A
Canadian
s'/^ preferred
$4c
Co.—
^
•
Coca-Cola
Co.,
.Class A
$1.25
7-20
7-10
5-31
5-15
1
5-17
6-15
5-20
Plow
Semi-annual
5-15
$5.50
6-
5-25
$6
N
5-20
$5
15c
5-15
5-11
20c
5-15
5-
Coe
&
Gregg
1
5-19
7-14
6-14
25c
10-14
9-14
5-26
5-
6-
5-20
6-
1
5-15
Fansteel Metallurgical Corp.,
$l'/4
9-
1
$l'/4
12-
1
$l'/4
fel5
$5
75c
6-15
6-15
5-26
6-
25c
N.
5-15
1
Quarterly
5%
5-10
6-
1
5-10
Federal Fire
5-26
5-11
Federal Light &
50c
7-
1
6-12
Federal-Mogul Corp.
7-
1
6-12
Fenlon United Cleaning
$5.60
7-
1
6-12
76-
1
$25C
12-
2
12'Ac
5-15
4-11
6-30
6-
25c
6-
1
5-19
$1.25
6-
1
5-19
6
•
Fuel &
Colorado
Iron
Corp.
Columbia
Broadcasting,
Columbia
Gas &
6%
5%
5%
preferred
Efectric
Columbia
$2.75
,
Pictures Corp.
Co.
__
$1.50
$1.25
——,
—
——
$1.25
5-15
5.15
7%
4.20
4-20
(quar'.)—
68 %C
"...
$1
5-
5-19*
Telephone, $5 -pfd.- (quar.)_
Concord Gas. 7% preferred (accum.)—
Conde Nast Publications (special)
Confederation Life Assurance (Toronto)—
1
5-15
75c
5-15
50c
5-15
6-30
Ford
4-29
$$1.50
Commonwealth
Fort
1
5-15
6-10
$1.25
6-
5-1*
:
Power
6-25"
B
•
Q|rly
$$1.50
$2.40
preferred
55c
6-1
1
5-
56'/4C
6-
1
5-15
12-25
(quar.)_
5
Connecticut River Power Co.—
-6%
preferred
Consolidated
$1.50
(quar.)
Biscuit
(quar.)
'{Consolidated Cigar,. 6 Vz % preferred
I
:
^
10c
$1.95
6-
1
6-23
5-19
5-15
6-
1
—
-
———_——
4'A7fl convertible preferred
Gamewell Co. (increased)-—
Gar Wood Industries
6-20
7-28
30c
6-
1
5-15
37'Ac
6-
1
5-17
Co.
(quar.)
•
——
(quar.)
50c
common..——_
,
,
37'Ac
50c
(quar.).
25c
50c
$1,12'/a
40c
,
——,—
$1.12'/-?
$1
'
'10c
■
4-29
5
5-15
5-20
5-17
1
5-16
15c
6-
1
5-20
Packing Co. of Dei.,
;
(quar.)
pfd.
25c
5-15
5-
75c
5-15
5-5
$1.75
—
6-30
6-30
6-20
shares
9-30
9-20
$1.75
12-30
12-20
40c
5-20
4-25
7-
1
6-10
6-
1
5-1
5-20
5%
.(final! —:
6-30
5-15
6-
1
5-19
30c
6-
1
5-19
6-
1
5-20
$1.50
6-
1
5-8
6-
1
5-12
50c
6-
1
4-30
$1.50
6-10
5-23
$1.75
6-
1
5-
$30e
7-
3
6-10
$10c
_:
(quar.)—
6-15
Ingersoll-Rand Co.
9-15
Inland
Steel
—
Co.
Institutional Securities—
12-15
(s-a)———__
Int'l Eusiness Machines Corp, (quar.)———
International Harvester, 7% pfd. (quar.)___
International Metal Industries, Ltd.—
Aviation Group
6-16
9-16
"
Shares
class A
.
(interim)
preference A
preference (quar.)—
International Nickel
$$1.50
Co.
of
——i—
Canada—_______
International
2
Silver
8-
1
7-10
8-
1
7-10
6-30
5-31
$40c
25c
International Products Corp
Int'l Rys. of Central Amer., 5% pfd.
$1.25
(accum.)
75c
Co.—
$6
6%
5-15
5-19
9-
8-10
30c
12-
11-10
50c
7-
6-
9
$1.50
7-
6-
9
5-26
4-28
(quar.)_.
(N. Y.)
$2c
(interim)
$2.50
Knitting
Tea
Co.,
5% pfd.
(quar.)_
Mills,
common
preferred
1
6-15
7-
1
6-15
$1.25
(quar.)—
7-
$1.50
Tel. Corp., Class A (s-a)
6-
1
5-25
25c
—_
$1.06 V*
(quar.)__
5c
K W
Battery,Co. (quar.)
________
Knbie Brothers, 6% preferred (quar.)™
$1.50
5-15
Kalamazoo Allegan & Grand Rapids RR. (s-a)
$2.95
5-15
Kalamazoo
5-15
5
5-27
.
Vegetable Parchment Co.
Quarterly
Quarterly
:
6-15
6-15
6-15
6-15
6- 1
6- 1
Participating
6-1
6- 1
5-15
5-15
5-20
5-20
5-
5
3- 1
Kentucky
7tfo
partic. pfd. class A
junior preferred
6
7-18
5-
5-15
5-15
10-
1
6
9-15
6-
3
9-15
9-
5
12-15
12-
5
6-15
50c
5-15
$1.46
6-15
$1.50
(quar.)_
t
Utilities Co.—
6-
5-15
$1.25
^
Kendall Co., $6
1
15c
;
Department Stores, 5% pfd
Kearney & Trecker Corp.—
Keith-Albee-Orpheum, 7% preferred——,
1
6-20
8-
15c
6-
1
5-10
$1.75
6-
1
5-10
87'Ac
5-20
5- 1
•45c
5-15
4-29
15c
(quar.)
Kaufmann
6-1
5-20
5-17
66-
1st preferred (quar.
4'A%
5-15
1
5-15
5- 8*
25c
(quar.)
preferred
Jamestown
1
1
30c
—
—
Creek Coal Co., common
Island Mountain Mines, Ltd.
5-20
5-16
1
;
Fireman
Quarterly
'5-15
6-
6-
30c
Iron
Island
6-
6-
5-15
Lf!
Corp. (quarriMfg. (quar.)_
Intertype
4-99
4-21
1
5
$$1.50
(quar.)——
conv.
conv.
6- 5
6-
5*
12'Ac
common
Quarterly
9-16
6-
4-21
Indianapolis Public Welfare Loan Assn—
5-15
5-29
8
$1
Indiana Steel Products Co.,
Preferred
(interim)
of Canada, ord.
Imperial
9-15
5-
7-
$1
Tobacco
5-12
5-15
.! 6- 8
5
$1.75
—:
gtd.
Lines, 4%.
6-20 ;
68%c
Power, common—
Illinois Central RR. Co.—
Ordinarv
5-12
6-15
5-15
1
Co.
Car
(s-a)
Illinois Power, 5d preferred (accum.)
Illinois Zinc Co. (irregular).
Imperial Chemical Industries Ltd-
8-17
5-97
j: I
6-
6-
Leased
11-16
7-1
10- 2
6-10
6-15
4-29
5-15
6-
5-
6%
25c
$25c
$25c
373Ac
5-
5-15
10c
5-15
6-13
6- 1
6-17
6-17
,
5-10
5-31
6-30
$1.50
-
$1.50
Jantzen
25c
6-15
40c
$1.06 'A
(quar.)
common
& Co.,
A.)
7-18
(monthly)______
Jewel
—
Freeport Sulphur, common .< quar..)—
4'A% convertible preferred (quar.)
Fruehauf Trailer.-common (quar.)
'
5-16
6-30
Lighting & Power
Motor
9
—
'
5-26
$1
5-15
9
12'Ac
-Preferred
—2'Ac
Fox De Liixe Brewing Co. of Michigan——
12'Ac
Fox (Peter)- Brewing Co. (quar.)— __——
25c
Extra
15c
4
6-10
6-
6% prior pfd. -(quar.)— —
6% prior preferred (quar.)
Four Wheel Auto Drive Co., com. (irreg.)—
Fox De Luxe Brewing Co. of Indiana—
5-5J
6-
9-25,
4-25
30c
6-
Foster Wheeler,
'
_
(quar.)
Connecticut Power Co.
12-31
60c
Connecticut Light & Power—*
$2.20 preferred (q'uar.)___,
9-30
5-15
;
y 5-12
6-15
6- 1
6- 1
"
$$1.50
5-
1
6-15
$1.75
6-16*
1
1
15c
(quar.)
—
Machine, common
Motor Co., Ltd., ordinary (annual)—__
Pitt Bridge Works————
Motor Co. of Canada,. Class A—
—_
7-
:::
1
$1.12'A
87'Ac
preferred A
-Class
*
'
■
—_
5-15*
6-
6- 1
——
(quar.)—.
Corp., 7% preferred—
4-27
5-13
5-25
6-
6-1
Foote Bros. Gear &
Ford
—
(quar.)
common-—-
preferred
Florida
4-20
5-15
Co.,
Flintkote
<
•
convertible preferred
Carbon
5-19
$43A
series A (quar,)
preferred (quar.)_.
preference (quar.)
Columbian
6-
5-15
5-20
6-
15c
.
S....'
4-25
5-15
5-17
6-23
(quar.)_
6
5-15
1
1
5-15
4-15
Dredge & Dock—
6-
5-15
Idaho
6-14
5-15
Quarterly
7-
7-20
10-
75c
6-14
6-14
7-10
Co. Stores
Fishman
Fitz Simons & Connell
5-19
9
$1.50
$3
convertible
preferred.
Huttig Sash & Door Co.,*7%
7% preferred (quar.)_
7% preferred (quar.)——
6-22
6-30
5-11
45c
25c
H.)
(M.
4-26
5-10
2
6-22
$1;00
1
6% pfd. (quar.) —
6% pfd. (quarriHussman-Ligonier, 5'A% preferred (quar.)
Huston (Tom) Peanut, common (quar.)—
4-29
5-15
6-
5-15
8%C
Hunt
6-30*
6- 1
5-
$1.25
Hummel-Ross Fibre Corp.,
6-30*
20c
$1.12y2
1
$1.25
non-cum.
&
Hudson
5-17*
5-15
5-15
5-15
6-
5-15
(quar.)—
(quar.)
non-cum.
Houston
3
'
6-20
1
..
prior partic. pfd. (quarri¬
partic. preferred (quar.)—
Horn
$2
$1
6-
5-15
.
Hardart Co. (N. Y.), 5% pfd. (quar.)
5-10
25c
1
(A. C.)—
7%
ed
6%
—
6-2
Corp.—
Horn
5
6-15
& Dyeing—
Quarterly
5-26
:
5-15
6-30
—_
1
50c
(quar.)—___—
preferred
5-15*
—
5-27
$3
25c
__
A————_
6%
7-15
1
6-
$15c
(George
Hormel
$1.75
5-15
6-
40c
Bartlett & Co. (monthly).
preferred
6-15
8-11
Corp
40c
—
(quar.)
class
6%
Electrochemical,
5-5
8-15
Fidelity-Philadelphia Trust Co. (quar.)—___
Fire Association of Philadelphia (s-a)——.
Firemen's Insurance Co. (Newark, N. J.) (s-a)
Firestone Tire & Rubber, 4'A% pfd. (quar.)
First National Bank of N. J. (Jersey City) —
11-
1
5-25
$4.25
6- 1
6-15
Ferro
$1.06'/4
common——
Enamel
Home
Hooker
$1.50
30c
6-12
*
8
6-
3c
Ltd
Oil
6-10
Common
(quar.)——.—_
5-
5-10
•
50c
Hobart Manufacturing, class A
5-19
$$1.50
5-15
1
$25c
preferred
7%
1
(quar.)—.
preferred (quar.)—
Glass Co.
(Charles? E.)
Hires
6-10
(increased)—
75c
$1.50
6-
15C
5
(quar.)—
Traction, $6 pfd.
1
15c
'f.6-20
(Canada) (s-a)„___
Insurance
6-
$1.50
(irreg.)_„_.
Ltd.
Co.,
Powder,
6-10
(s-a)—^—~—75c
preferred
6- 1
87'Ac
37'AC
5-15
1
$1.12'A
Pineapple Ltd
6-30
(quar.)
5-12
6-
25c
Canneries
Hawaiian
25c
——
common
5-12
1
1
6-
$1.25
(quar.)
4'A& pfd. (quar.)
Corp., 6%
preferred—
Havana Elec. & Util. 6%
1st pfd. (accum.)
(Syracuse,
(quar.)
Y.)
1
66-
;
50c
Chemical,
7- 1
10- 1
——__—
Farmers & Traders Life Insurance
5-26
$1.25
(quar.)
(quar.)_
preferred
preferred
$5
11-15
,
—
5-17
6-16
75c
preferred
6%
Harshaw
5
15c
3c
$1.25
$1.25
$1.25
(quar.)
$5 pfd.
5-15
6-1
6-30
50c
(quar.)
6- 1
6-28
5-29
10- 1
6-30
9-30
12-30
$7JAc
5-29
$1.50
A.)
$2.50
$2.50
6-14
75c
25c
50c
of Porto Rico (quar.)—
Nickel Mines (interim)
9
(M.
Common
■
5-
12-23
$22'AC
5-25
5-15
6- 1
6- 1
6- 1
25c
.'.v.
Extra—
40c
Colonial
—
Falconbridge
Falstaff Brewing Corp., common (quar.)
€% preferred (semi-annual)—
—
12'Ac
50c
Fajardo Sugar Co,
50c
.
__
:
(quar.)
Fairbanks Morse & Co. (quar.)
Faber
25c
25c
1_
(quar.).
(accum.)
Cleaner
Vacuum
Federal Bake Shops,
—
prof erred
Steamships (irreg.)
$3 conv. preferred
preferred A (quar.)
preferred A (quar.)
Eureka
5
$1.25
$1.37'A
$1.50
A
75c
$1.25
$1.25
$1.25
(quar.)—
RR, $5 preferred A (quar.)
$5
5-10
$5 pfd,
(quar.)
9-25
1-2-45
'
(quar.)—
Hibbard, Spencer,
5-15
7- 1
7- 1
7- 1
7- 1
7- 1
6- 1
' 6- 1
9- 1
12- 1
1
2
$5c
5-20
7-15
6-24
7-
$1
'5-10
6-
5-15
6-
10-
$1.75
(quar.)
Hazel-Atlas
6-19
6- 1
7-15
70c
60c
—
—
(quar.)
preferred
preferred
Erie
6-1
$3
convertible
4-29
5-15
5-25
(s-a)_________________
Collins & Aikman Corp.,
Engineers Public Service,
25c
v
Co.
5-20
6-15
6- -1
1
(initial)
1
8
75c
Hershey Chocolate Corp., common,
$4 conv. preferred (quar.)
25c
25c
_____—A.
Employers Reinsurance (quar.40c
Emporium Capwell, common (quar,)—
35c
4'/2 % preferred A (quar.)_
56'Ac
$-1.75
Colgate-Palmolive-Peet Co., common (quar.)
,$4.25 pfd. (quar.)—
——
5%
6-
2
5-15
5-25
6-15
25C
Hercules
75c
—
National Watch.a
Equity Corp.,
(s-a)
Cockshutt
Co.__
Ely & Walker Dry Goods, common
7% 1st preferred (initial s-a)
6 c/o 2nd preferred (initial s-a) —
_y
—
Manufacturing
Eaton
1
$1.75
Co., $5 preferred (quar.)
Harbison-Walker Refractories Co,—
5-10
7- 3
6-15
7-
$1.75
(quar.)
4-29
$25c
6-
1
13 %C
Ltd.
Cotton,
B
Hanna
6-10
5-
6-15
7-
34 %C
5-15
5-19
6- 1
5-15
'
4-28
43 %c
6- 1
45c
—
Elgin
$1.50
International Corp., com." (irreg.)
Coca-Cola
1
Ltd
Machine,
Washing
Easy
Co.—
common.——
A' (s-a)—
Class
6-10
—
Utilities
5-15
$1
guaranteed (quar.)————
stock (quar.)
Tractor Co
i
Special
Regular
Cleveland
3
_—
Products, Ltd. (quar.)___
Associates—:
Steel
5-15
'
Pittsburgh RR.
Eastern
$2
Corporation (quarri—-i—2————->•
Chesapeake Corp. of Virginia-——„
Chicago Yellow Cab (quar.)
Chickasha Cotton Oil (quar.)
—
Quarterly
Chile Copper Co._—;j__-————
Chrysler Corporation.—:
Cincinnati New Orl. & Texas Pacific Ry.-—
5 % preferred (quar,)___————————
5% preferred (quar.) ——————
5% preferred (quar.)-——---—-——
Clark Equipment Co., common
5%
preferred (quar.)
Clearing Machine Corp.——
&
Eastern
4-15
$1.50
preferred
Cleveland
5-1
1
Char is
,
1
1
1
Chain Belt Co.—
•
4
50c
(quar.)
_
Century Ribbon Mills, 7% preferred (quar.)-
*
5-
5-15
10c
Class
•4-30
6-10
7- 1
5
5-19
15c
(s-a)
4-29
15c
$1.50
$12'/2c
$25c
Picher Lead, common-'—
6(;b ' preferred
(quar.)
Eastern
Corporation, common.——.
5
5-
10c
8-11
6-10
(quar.)—_—;——
5-
6-15
1
25c
(quar.)__:
(quar.)_
r\
Hamilton Watch Co.,
pfd. (quar.)
Hammond Instrument, 6% preferred (quar.)
Hancock Oil Co., class A (quar.)——
5-31
5-
5-19
5-15
25c
5-31
5-17
5-15
9
5-15
10c
(quar,)
Mines, Ltd.
Hawaii
37'/2c-
:
Co
Inc.
6-
$2
Hamilton
5-20
5-15
—'75c ";7- 1
$1
6-20
Eagle
7-
$1.25
Hallnor
5-20
6- 1
5-23
1
6-
90c
50c
6-30
$$2
6-
25c
$1.50
5-13
5-
5-12
tl5c
(s-a)
(N. Y.)_;
common
Stores
Brothers
Hale
5-
1
common
Corp.,
5-18
6- 1
6-15
6-
preferred (quar.)
6%
5-20
2
:
Brewery—
Water,
preferred A
1
5-
$1.75
prior pfd.
conv.
Hajoca
45-15
(irreg.)—,——
6-
•'
9-30
12-23
6-20
50c
preferred (accum.)___
—
6%
preferred
(accum.)
——
Central Ohio Light & Power, $6 pfd. (quar.)
Central Railway Signal Co.————
Central Vermont Public Service Corp.—
$6
1
5-
7%
5-
5-15
25c
;
(quar.)
Western
6-
5-15
$4.50
$1.80
6-15
50c
Co..
Knight,
Hackensack
1
6- 1
(quar.)
.-y;v 25c
$6
'
4
5-15
7-
6- 1
6- 1
6- 1
$10c
15c
Bradstreet,
&
6-
;
11-15
6- 1
Manufacturing
Dresser
6-
:
$25c
(quar.)——
Carman & Co., Class B—————————;
$2 Class A (quar.)
■
Carolina Clinchfield & Ohio Ry. Co. (quar.)
Caterpillar Tractor (quar.)l.
_______
Central Foundry Co., 5% conv. pfd. (quar.) —
Central Illinois Public Service Co.—
Canadian Oil Co., Ltd.
5-
6-
$37'Ac
Boxes;: class A (accum.)
Wirebound
Canadian
$75c '
(accum.)—
Marconi
Canadian
6-1
$15c
(interim)—L———1—■—_?
International Investment Trust¬
8-15
6- 1
$87'/2c
common
5-15
:
62'Ac
(s-a)_
preferred (quar.)__
Griggs Cooper & Co., 7% preferred (quar.)_
7% preferred (quar.)
7% preferred (quar.)
Grumman Aircraft Engineering-(irreg.)
5-15
1
1
1
1,
9-30
12-23
Ltd.
Stores
5-29
5-15
6-15
Griesedieck
5'A%
6-12
'V 5-19
50c
5-15
Carton—■
preferred (quar.)
6%
yv'y6-;-T:i
Dun
y $i5c
'
5-15
1
6-15
Greyhound Corp. (Del.), common
5'Acfo preferred
(quar.)
9
6-12
7-
$1.25
5-15
69127-
$75c
Corporation,
Dravo
5-15
1
$50c
Canadian Industrial Alcohol—
6-
1
6-10
Dock (quar.)
Great Lakes Engineering Works (quar.) —
5-10
1
1
1
1
(accum.)
preferred
Dominion
5-15
'7-1
$25c
.
;,v,
.
4-29
1
7666-
4-15
7-
6-10
Great Lakes Dredge &
1
7-29
:
(quar.)___
preferred
6-
5-12
5-15
5c
(accum.)
preferred
1
5-22
■
1
5-
25c
Great American Indemnity
11-15
Dominion-Scottish Investments—
!
$85c
pfd. (quar.)
Canadian Fairbanks-Morse Co., Ltd.—_—_
Canadian Foreign Investment Corp.
(quar.)
Class B
7%
5-15
5-25
7%
&
)
'
,
5-
5-15
56'/4c
Granby Consolidated Mining Smelting &
Power Co., Ltd.
(s-a):
Union Co.
(irregular)—
Graton
'
5-15
30c
(interim)__
Grand
8-15
'
5
$1.50
$25c
pfd. (accum.)
com.
prior preferred
W.)
(H.
7-10
(quar.)
5%
preferred
Gossard
5-15
$$1.25
$30c
—
Engineering Works
Dominion Envelope &
5°!o
(quar.)_,
•
(quar.) _____
Co. (quar.)
preferred
Dominion Bridge
6-15
Canadian Breweries, $3.40 conv.
:
5%
4-30
$50c
(quar.) —
common
(interim)
5-24:
■
8
6%
8
6-19
Investment Corp. Ltd.—
C* Anglo
Common
5-
5-11
1
8-
4-28
(quar.)
Cycle Corp.
$$4.50 :<
(quar.)—
Dodge Manufacturing Corp.
Dome Mines, Ltd.____
■
5-
6-10
5-10
$1.50
Ltd.,
& Rubber Co., common
convertible preferred (quar.)——
Gosnold Mills,
5-15
:
11
Gorham Manufacturing Co._
5
5-13
5-15
'
Harvill
;—
Corporation
Dodge
$5
5-25
$1
Goodyear Tire
5-3 Is1'
5-15
5-15
5% pfd. (quar.)__
Co., common
Class A (quar.)
Cup
y 4-14
5-10
5-25
$1.25
(interim)
preferred (quar.)——*;
Goebel Brewing Co.
5-
common—
common
convertible
Golden
6-15
9- 1
6- 1
5-15
5-19
7- 1
—
Wing Paper Co.,
&
1
10c
25c
$40c
(quar.)
Common
4'A %
25c
79c
37'Ac
$1.25
25c
62'/2c
partic. pfd. (s-a)—
6%
Glidden Co.,
1
6-22
6-15
5-31
75c
(quar.)
B
6-
,11-25
75c
75c
—_—
—
Diamond Match Co.,
2%%
'
—.
common
(quar.)
'
—
(quar.)
CJass
3
5-
6-1
25c
common
preferred
partic.
5-
1
6-
5
5-
5
Canadian Bakeries, Ltd.—
5%
5-15
25c
(liquidating)
Power,
6-13
1
6-
37'Ac
6ft pfd. A (quar.)
(quar.)-——————
Northern
preferred
1
6-
5-25
15c
Ginger Ale
.
Canada Malting Co., Ltd., regist. (qUarri-Canada
9
6-13
'
2c
Canada Dry
"a.
1
7-
$1.75
$1.25
California Water Service,
!
5-
1
6-
7-1
•;
preferred (quar.)
$1.75
7% preferred (quar.)
$1.75
7%
preferred (quar.)
$1.75
Derby Oil & Refining—
v;, w; v ,':
$4 conv. preferred (accum.)
$6
Detroit Gasket & Mfg., 6% pfd. (quar.)—
30c
Devoe & Raynolds Co., class A (quar.)
25c
Class
B
(quar.)—
—
25c
5% preferred (quar.)—
$1.25
Dewey & Almy Chemical Co., com. (quar.)—
25c
5-19
6-
Corp.,
Steel Wares,
General
5-16
1
75c
preferred
General Steel Casting Corp., $6
1
6-
IOC
(irregular)
participating class A
6%• preferred (quar.)_
4-29
5-12
40c
(quar.)
$4
4-28
6-30
8-25
7%
6-20
5-
6-15
(quar.)—1
preferred B
1
5-15
12'Ac
(quar.)
Power,
Common
5
6-
1
7-
$1.25
Common
(quar.)
(quar.)
Common,
12'Ac
———-—
California Packing Corp.
6%
6-
25c
6
5-19
1
50c
_
preference
Electric
5-
5-31
preferred
$8
6-16
5-
Motors
5
6-15
25c
(s-a)___
(quar.)—
General Outdoor Advertising—
5-31
40c
75c
$1.75
$2
35c
Mfg. Co. (Mo.) (irregular).—______
Publishing, prior preferred (quar.)__
Cushman's Sons,
4-20
5-25
20c
(Holding) Ltd.—
(s-a)___—_—
Wireless
preferred
7% preferred (quar.)
(accum.)
Deere & Co., 7% preferred (quar.)
Dentist's Supply Co. of New York—
5-20
(initial)
Byers (A. M.) Co.
Byron Jackson Co
C. W. Liquidating Co.
5%
4-20
5-20
6-10
$1.75
Concen¬
Mining &
convertible preferred
California
Curtis
425c
.
Burroughs Adding Machine Co
Butler Brothers, common—
&
Curtis
50c
(<)uar.) —
————
Bucyrus-Erie Co., common
7% preferred (quar.)
_
Budd (E. G.) Mfg., $5 prior pfd. (quar.) —
Buell Die & Machine (quar.)
—
5 'A %
1
4-27
50c
trating
Cable
5-
——.
fcj' Buckeye Pipe Line Co
Bunker Hill. & Sullivan
5%
6-23
5-15
6-15
20c
(quar.)
■
General
$5
6-30
________—
$10c
Co. Inc. (quar.) ——
BroWn Shoe Co., Inc. (quar.)———
Brunswick-Balke-Collender common
$5 preferred
(quar.)—
Hills
Nest Pass Coal
Industries
5-12
6- 1
6- 2
6-30
$50c
Brooklyn Edison
Buck
$1.25
,
General
5
5
5-
30c
pfd. A
(s-a)
Foods Corp., common
5-
5
5-
5-15
$1.75
5%
Corp.,
General
6-16
5-15
(quar.)_._
$1
(quar.),,_—_—
Oil, Ltd.
9
5-22
1
43%c
$2.25 pfd.
Finance
preferred B
5-
5-15
25c
preferred (quar.)
6%
4-28
5-15
6-15
Cork & Seal Co.,
7 %■
General
5
5-15
35c
common_-w__,______
5-19
7- 1
J50c
56'Ac
(quar.)
15c
$1.50
(interim)—
Co.
British American
6-
6-
6-20
25c
Vancouver, Ltd—
Brewing Corp. of America
5-25
5-15
50c
Traction Light & Power
Distillers of
5-15
4-28
50c
Burial Casket (quar.)—,-—
A (accum.)—
(quar.)——
&
6-15
.5-20
$1.50
Ltd.
(interim)
—_—
$$1.50
Crum & Forster, 8% preferred (quar.)
/
$2
Crum & Forster Insurance Shares Corp.—
7'fo
preferred (quar.)——.—;—:
$1.75
Cuban-American Sugar, 5a/2% preferred
$1.37Via
Culver & Port Clinton RR. (semi-annual)__
10c
"Extra
—u—10c
Extra
10c
Cuneo Press,
4'/2% preferred (quar.)
$1.12V2
4-29
1
6-1
7-
16c
Braniff Airways Inc.
Brazilian
5-15
$1
40c
(quar.)_.
Cork & Seal.
Crows
75c
4-15
5-
Works—
Drug Co., 7% conv. preferred (quar.)
Crown Zellerbach Corp., $5 conv. pfd. (quar.)
6-26
6-30
$1.50
Brandon Corp., class
Brewers
$1,25
(quar.)
preferred
6%
Crown
5-10
5-15
30c
—
(quar.) —
Boston Woven Hose & Rubber
Bower Roller Bearing
25c
—
Crown
(accum.)__
Boston Fund, Inc.
Boyertown
preferred
5%
6-
preferred (accum.)-
(P. E.) Co.. S3 preferred
Borden Company (interim)
Booth
common
Crompton & Knowles Loom
7-
(quar.)
Bohack
6-20
4-25
75c
preferred (quar.)
—
Bloch Bros. Tobacco Co., common
6%
Co.,
Cigar Co.,
"5-20
6-30
6-30
*
12 J/2 C
common
$3
common_
6- 5
5-15
6- 1
5-15
6-24
6-15
$1.50
(quar.)-—--
preferred
Blauner's.
7* 1
5-15
(quar.),——__________
7%
of Reo.
25c
$1.50
'
6-1
5-31
5-20
$1.75
common
General
preferred (quar.)_______
31V4C 1
Consumers Glass, Ltd. (quar.)
J50c
Container Corp. of America—
25c
Cooper-Bessemer Corp., common
—
25c
*'<
$3 prior preferred (quar.),____——75c
Crane
40c
.*
_
Paper
Copper
5-20
6-
(quar.)_
6%
:
$1.75
preferred < quar.)
$7 preferred
(quar.)_
Bessemer Limestone & Cement—
$5
Best
5-15
6-30
$1
Spinning Association—
Pine
Berkshire
4-15
When
Payable
37'Ac
(quar.)._
General Acceptance
Range Co—50c
Corporate Investors, Ltd., class A (irreg.)__
16c
Corrugated Paper Box Co., 7% pfd. (quar.)_
$$1.75
Cosmos Imperial Mills, Ltd.
(quar.)
$30c
1
20c
75c
(Bklyn.) (quar.)—
Bensonhurst Nat'l. Bank
-
convertible
$1.25
5-31
Aviation
Bendix
5- 5
5-15
5-15
5-15
6- 1
5-15
50c
50c
25c
50c
______—
Consolidated Vultee Aircraft Corp.,
5-31
$$1.75
■
Extra
Consolidated
$$1.00
Belding-Corticelli, common (quar.)—
7% preferred (quar.)___
Belding Heminway Co. (quar.)-
(initial s-a)
Common
37 'Ac
(quar.)_.
common
Laundries,vcom.
Company
Corp., $1 pfd.
preferred (quar.)__.
preferred (quar.)
6-15
6-1
40c
(irregular)20c
Holders
Per
Name of
of Reo.
Consolidated Natural Gas-
5-15
6- 9
15c
Power
Mills,
5-17
1
6-
30c
_____
vyrien
Payable
Co. of New York Inc.__
Consolidated Edison
Consolidated
Oil Co. <quarri™w*«™«——~
& Paper, class A (quar.).
Barnsdall
Bathurst
Beaunit
(quar.)
A
5-10
5-18
15c
(s-a)—
Seeling Manufacturing Co.—v.
Co,
Manufacturing
Barcalo
company
Name oj
of Reo.
share
ttoiaers
Per
tnare
Holder«
Per
share
1
<"?
Monday/May 15, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
2008
6-15
n
'
(auar.)_
Keystone Custodian FundSeries
S-2
(s-a)__
(G. R.) Co., $5 prior pfd. (accum.)
Klein (D. Emil)
Co
Knickerbocker
Fund,
extra—
Km'dsen Cr°amerv Co.,
common—a,
Kinney
60c
preferred
(quar.)—.—
$150
25c
5-25
5-10
7-
6-20
1
4-30
4c
5-20
JOc
5-9 9
5-90
15C
5-25
5-15
iVolume459
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
Per
thare
name of Company
,
Koehring Company
Kroger Grocery & Baking,
6% 1st preierred (quar.)
When
Payable
»■
(quar.)
5-
1
6-17
Mountain Fuel Supply
9
Quarterly
1
7-18
Mountain Producers
5-10
5-15
1
5-15
6-
1
5-13
6-
1
5-15
Phillips Petroleum
6-
1
5-15
Pillsbury Flour Mills Co.
Muskogee Co., 6%
$1.50
6-
1
5-15
5-
5
Mutual
8-
$1.50
6-28
6-15
$1.50
9-28
9-21
$1.50
12-28
12-21
$1
5-15
5- 8
$1
6-
5-10
of
America—
25c
8-15
5
6%
preferred
11-15
11- 4
6%
6- 5
6%
preferred (quar.)
preferred (quar.),-
6-15
$1.75
9-15
$1.75
12-15
(quar.),,,,
1%
preferred
Lane-Wells, Co
■--**.
(quar.),
Extra
Lake of the Woods Milling,
Extra
convertible
6-
1
5-
1
5-
preferred
4•%>
6-
5-
7.
preferred (quar.)^_t_
5-12
Nelson
1
7-26
11-
Neptune Meter Co,, 8% preferred (quar.)
Nestle-Le Mur Co., $2 partic. cl. A (accum.)
Newberry (J. J.), 5% preferred A (quar.),.
5-31
5-10
New
6-
1
5-15
Newport
$1.12y2
8-
1
7-15
5-25
$5
9-
9
8-25
New
York
12-
9
11-25
New
York
6-10
$1.10
9-
9
8-25
$5
12-
9
11-25
New
$25c
6-
1
$12y2c
6r
1
5-21
Agricultural
6-30
6-20
Alcohol
&
7-
1
9-20
Aviation
1
5-12
Bank
6-
1
5-
4
5-20
Chemical
6-r
5-20
9-
8-21
Food
9-
8-21
12-
11-20
25c
12-
11-20
$1.50
5-17
Metals
5-15
5-
1
Oil
1
5-15
5-
5-15
4-21
50c
5-15
5-
5
7-
1
6-20
10-
2
9-20
1-2-45
12-20
7 c/c
preferred
(quar.)
1%
preferred
$3
Mclntyre Porcupine Mines, Ltd
8-31
North
11-30
One
Madison Square Garden
Madsen Red Lake Gold Mines
(quar.),
Corp.,
(quar.)
May Department Stores
Corporation,
each
the
5-12
4-26
North
American Life
5-15
North
River
&
held.
preferred
to
6-
1
5-15
5-15
4-28
75c
6-
3
1
5-22
Class
5-15
6-
15c
class
$1.50
Ogilvie
pfd.
(quar.)
B
AA
5-15
4-29
Ohio Power,
Oklahoma
(quar.),,
37y2c
5% preferred (quar.),,,,_—
Mercantile Acceptance Corp. of California—
62y2c
7-
1
6-15
25c
6-
5
6-
25c
9-
5
9-1
30c
6-
5
6-1
30c
9-
5%,
preferred
6%
preferred
6%
preferred
(quar.)
:
(quar.),
Stores, common
preferred (quar.)
.7%
Meier
Frank
&
Mengel Co., 5%,
Co.
'■
_______
(irregular)
:
(s-a),,_
6y2 %
preferred
$1.25
Extra
;
Oliver
(quar.)
6-30
6-14
6-
1
Ottawa
5%
5-15
6-
1
1
5-
1
.
y
7-
Outboard
Monsanto
$4.50
Chemical
preferred
Co.,
A
.—
Paahua
preferred
Montreal
Moody's
$3
&
Morea
m^ipt
Finance
Corp.
5-15
5-12
5-12
6%
6-10
5-22
Roos
1
6-
7-
1
6-10
7-
1
8-
7
6-10
1.62'/2
7-
50c
V-'
6-10
8u'
1
5-25
6-20
1
9-11
8-
7
1
5-15
5-25
/ 5-10
6-
$1
6-
St.
Louis
Class
8%
5-20
7'/2%
5-20
1%
6-15
6V2%
6-30
6-15
5-15
4-29
7-
5-26
1
Public
Electric
debenture
Arms
Wall
$4
6-15
;
5-23
5-
1
Second
5-
6
6%
5-15
4-15
Seeman
5-15
>•
4-15
Servel,
1
5-
1
5-24
7-
U5c
1
7-1
5-
5
7 %
5-20
1
5-20
5-11
5-25
$1.40
class
5-
1
$1.40
class A
5-10
$1.40
class
A
(quar.)
$1.40
class
A
—
6-
1
6-
1
5-10
Penmans, Ltd.. common
6-
1
5-10
6-15
5-16
Pennsylvania-Central Airlines Corp.—
$1V4 preferred
—
—
Peoples Gas Light & Coke—
—---»
Pepperell Manufacturing Co, (quar.)
Perkins Ma#hifie &' Gear Co., 7% pfd.(quar.)
Peter Paul, Inc. (quar.)
p«),tjhon^ Mullik^n Cnro
Pfaudler Co., 6% preferred (quar.)
1
5-10
6-15
5-16
6-15
5-31
75c
5-15
5-
6-10
5-29
$1 ^0
5-15
4-27
25c
5-31
1
5-17
—
(quar.)—!
—
(quar.)
&
,—
Phelps-Dodge
Corp
;
25c
7-1
6-20
7-
1
6-20
7-
1
6-20
5
5-29*
8-
1
7-20*
8-
1
7-20*
5-10
flOc
6-
1
5-
10c
7-
1
6-10
7-
1
6-10
75c
6-15
5-31
6-
5-12-
.
—
—
_
5-25
4-19
5c
6-21
5-22
$1.50
6-
1
5-20
7-
3
6-10
Canada—
(quar.),
common
75c
,
!
4-29
1
5-15
5-20
25c
5-26
5-15
5-15
4-15
50c
6-
5-15
25c
6-15
6-
10c
6-15
5-25.
5-23
,15c
Co.__—
!
1
1
5-15
3VV2c'
37J/2c
5-15
4-20
6%
Works,,,,,
Edison
preferred series, B
6%
California
preferred
Southern
Co.
(quar.),,,,
(quar.),
Water, 5%
pfd.
Canada
Power,
—
common
(quar.),,
(quar.)
9-15
5%
non-cum.
12-15
5%
non-cum.
Ra'lway
8-15
8-
5
Southington
35c
11-15
11-
4
Southwestern Life Insurance
35c
2-15-45
2-5-45
t.75c
5-15.
4-14
Gas
Mfg.__
(Dallas)
(quar.)
Public Service, com. (quar.),,
Investors, Inc.,,
(A. G.) & Bros., 1st preferred,:
,
Spiegel, Inc.. $4.50
preferred A
5-22
50c
6-10
5-25
Stamford
25c
5-20
5-10
Standard Brands,
6-
6-20
$1.25
6-15
5-13
9-15
8-15
5-15
5-
6-
1
5-15
35c
7-14
7-12
25c
(quar.)
(quar.)
1
10-16
$1.1?V3
50c
5
5-15
5-20
$1
4-29
10-
6
6-15
6-
1
6-12
5-31
8-
1
7-15
8-
1
7-15
40c
$4.50 preferred
(quar.)
5-15
$1.12V2
6-15
P-T=,
^
Standard-Coosa-Thatcher
6-
10c
5-20
/
4-20
8-15
$1.06V4
common—
(quar.)
$4.25 preferred B
Water
5-15
7-15
$1.25
preferred (quar.)
conv.
& Sons,
1
J20c
50c
Co
Hardware
R.)
5-15-
$1.25
—
(quar.)
Southwestern
(E.
5-15
1
'
(quar.),,
Southern
Squibb
5-20.
1
6-
f$1.50
(quar.),
■
5
Spalding
6-15
6-
37V2c
10c
Co.—
5-
Sovereign
•
J2nc
preferred
preferred
Union
5-15
31'/4c
(quar.)
(quar.)__„,_
participating preferred
Southern
(reduced),—_
common
California
1
5-24
6-
6-15
5-15
1
1
5-15
40c
$1.25
5-31
7-
6- 9
1
1
1—t$1.75
of
5-15
40c
4
J22c
pfd. (quar.),,,,
35C
$1.50
5-
Investment
(quar.)_„—__
(ouar.)
Lathe
10-
$1.75
5-19
6-10
62V2c
Southern
$5
50c
75c
6-14
"
Corp..—
Co.,
Corp.
1-1-45
5
5-15
(quar.)
50c
5-
6-20
$1.75
Castings
Bend
Common
6-
5-15
7-1
5-25
6%
5-15
5-10
5-29
5-25
4-25
$2.50
5-15
6-23
5-31
6-21
1
1
5-10
5c
5-31
7-15
66-
5-20
30c
5-15
5-15
6-15
6-15
15c
Power
Co.
Pulp Co.,
6-15
$1
5-15
5-15
37V2c
Corp
6-15
27c
5
1
1
—$1,12^2
35c
(quar.)—,
6-
66-
preferred (quar.$1,50
6%
10c
(quar.)__i_„
A
6-15
15c
25c
Aircraft
$$1.75
9
25c
62,/2c
6-12
Solar
1
6-
5-15
4-29
SI
4-30
6-15
1
1
45c
5-15
50c
6-10
66-
—
371/2 c
50c
6-20
37'/2c
8
Oil
6-
—
5-5
5-15
1
t$1.50
Broadway Bldg. Co. partic, ctfs
Inc.
(ouar,);.,
6-
——
6-12
5-15
6-
5
Sinclair
5-31
(quar.),—
5-12
5-
Skilsaw,
Southern
——
5-12
n
5-
Sixth
5-20
common
1
5-
4-30
1
(quar.)
1
7-
5-15
4-30
6-
(quar.)
6-
(quar,50c
5-25
35c
Common
1
5-15
5
South
Common
5-20
6-
10c
5-15
5-20
Peninsular Telephone,
1
25c
5-15
1
5
9-15
6-
25c
31c
6-
5-19
1
Jl5c
—
34 %c
f$l
6-15
10-
25c
common,,,,
6-
,
1
25c
corp.,
15c
common
4-25
7-
$1.75
*
common
Inc.
Water
Steel
37V2c
Wh^cl,
5-15
5-16
Silver
Co., common——
Manufacturing Co., Ltd.,
4-25
35c
$1.87V2
5-15
preferred
12-21
5-15
$1.62'/2
6-
?
12-30
■
—
$1.25
25c
5
$2
—.
U.371/2
J15c
9-20
5-
Co.—>
Sherwin-Williams
common———
6-20
9-30
12V2c
5% preferred AAA (quar.),,,^.,.
Simonds Saw & Steel Co.,—,—!_,
Dredging—;—
6-30
12Vic
(quar.)
"
7%
class A,,,,
8
&
7-15
5-15
50c
5
1
7-15
1
6834c
12'/2c
+$1.50
5-
Parker
Paton
8-
(quar.),,
5-
5-15
pprUnsiOnr
7-15
8-1
1
$1.25
4-29
6-15
Reel,
5-10
8-
!
5-25
(quar,)
6-10
5-25
;
preferred (quar.)
Soundview
Gold
7-1
.
$1.75
(quar.)
Sheller Manufacturing
Sonotone
preferred
5-10
15c
International
Brothers,
6-12
Consolidated
6-10
1
Inc.
Shawinigan
5-20
$5.50
5-
1
15c
participating preference (quar.)
preferred
4-20
Pato
5-15
30c
(quar.),.
Acceptance,
1
Parkersburg Rig &
1
1
6-
(irregular),
Canad'an
Trust 4%
Securities
1
9-2
2
7-
LaceI'll
7-!
5-25
11-
(quar.)
(quar.)
Sears Roebuck & Co.
Dillon
6-
6-10
1
15c
(quar.),,
$4.50 preferred (quar.)
5-15
9-12
1
12-
5-10
$1.12'/2
5-15
preferred--.——:—2—
8-
(quar.)
pfd. A
preferred
75c
7%
1
35c
participating preferred
Scott Paper Co., common,,.
40c
2
5"
9-
15c
$2
50c
6-
1
1
30c
(quar.)
Boara
5-
5-18
8
6-
25c
6-
5-15
6-
1
6-
(interim)—
Corp
Scranton
6-30
1
40c
(quar.)
D
Scotten
5-16
1
6-
40c
Power
B
C
debenture
5-13
/
6-
6-10
40c
(quar.)____,_
4-27
59 %c
6-
6-10
$1.75
(quar.)
&
5-13
9
6-15
25c
,
25c
debenture
Savage
1
50c
.■_„!
common
Service,
1
1
4-19
5%
6-15
;1.12i/2
5-31
5-25
25c
(quar.)
(quar.)
6-15
6-
t$1.75
5-
6-15
75c
debenture A
1
4-29
5-31
25c
B
Savannah
1
5-15
4-24
5-15
1
f25c
Shops, common (quar.)
$1 convertible preferred (quar.),.
Safeway Steel Productsii-w,,,^^,,
7-
r!
5-15
6-
$1.50
2
!^
Saco-Lowell
(quar.)——
6-12
(quar.)..—
Rustless Iron & Steel Corp., common (quar.)
$2.50 convertible preferred (quar.)____
6-1
$1,50
871/2 c
3
5-29
30c
Theatres, $1.50 preferred (quar.)
Bank of Canada (quar.)
Ruud Manufacturing Co., common...
~75c
5-15
35c
;
-
Royal
Paramount Pictures
Proof
Light
Paper Co., Ltd., common
preferred (quar.)
Brothers, Inc. (quar.)
Pacific Lighting Corp. (quai.)
Package Machinery,———
Rust
&
Corp
67e preferred
Rolland
6-15
5-15
$1.50
(quar.)
Power
Pendleton
6-13
.
M^M^e
6-30
preferred series E
6-13
preferred
5-
:
$1.75
50c
6-
preferred, (quar,),,—,
5%
6-15
6%
5-15
$$1.75
$3iy4c
5-29
50c
50c
(quar.),—_—
Roeser &
$$1.25
preferred (quar.)
(quar,)-,—,(quar.)——,—
1
$$1
6-30
Sherwin-Williams
Electric, 5%
1
'
5-15
$1.25
9-15
5-15
(quar.)
& Co
Dr'11
&
5-15
(quar.)—
5-15
10-15
preferred
5-15
6-15
t20c
15c
—
Mortgage
Investors Service—
(J. P.)
Gas
5 Vz %
5-15
6-15
$1.25
$2
common,,,—
$2
(quar.)
partlcinnting
Morgan
Motor
Loan
Pacific
5-15
4-14
Shenango Valley Water, 6%
$5 preferred (accum.)
Sugar Plantations—2—
1
1
6-15
5-24
Paper,
6-
$1.75
—
6-
—
common
5
.
5-15
5-15
6-20
—$2.25
$2.25
common
5-
5-12
t25c
Manufacturing——
Co! (quar.)
6-
—
(s-a)
Montreal Cottons, Ltd.,
&
Glass
$$1
$4.50 preferred B (s-a)__.
$4 preferred C (s-a)—
7%
Marine
$1.50
50c
——
Mills—
Equipment
5-25
5-15
25c
12'/2 c
1
6-
Rochester Button, $1.50 conv. pfd. (quar.),,
37J/2c
Rochester Gas & Electric—
6% preferred series D (quar.),—$1.50
7-1
5-20
Carpet
5
5-15
5-15
6-
$1.25
(quar.—interim)
7-1
5-20
(quar.),,
5-
1
6-1
50c
41%c
(qiiar.—interim)
B
6-13
1
preferred
5-25
f$1.75
(quar.),,
4-25*
6-
1
6-15
$1.50
com.
4-25*
5-15
1st and 2nd preferred (quar.)__.__
1st and 2nd preferred (quar.),
1
6-
preferred series B (quar.)
$1.00
preferred series C (quar.),
$1.07
Power Implement Co.—
$6.50 conv. preferred
(accum.)___,$1.62V2
Auto
Light Heat & Power,
preferred (quar.)
4-15
5-15
;
L____
Aircraft. Ltd.,
1
4y4%
Monroe
&
Oxford
Minneapolis-Moline
Mohawk
Car
5-20
5
1
6%
5-5
6-20
6-10
25c
,,
Ltd
5-25
20c
6-
Co..
1%
5
Otis
4%
Service,
5
5-
4-29
1
5-15
25c
—
5-
6-
5-
25c
Republic Petroleum Co., 5V2% pfd. A (quar.) •
Reymer & Brothers, common (irregular),
Common (irregular)
Common (il-regular)
_—•!!
Reynolds (R. J.) Tobacco Co.—
!-■■.
5-25
J'$3
Elevator,. common
6%' preferred (quar.),
6-20
J.—•
Republic Investors Fund, 6%
6 %
preferred A (quar.)
6% preferred B iquar.)
5-25
$1.50
Steel Products, com. (interim)
preferred (quar.)
& Quebec Railway (s-a)—
6-20
58V3C
$4V2 preferred (quar.),—
Republic Insurance Co. of Texas
1%
7%
Owens-Illinois
$2
(irregular)
Ontario
F-
preferred (quar.)
50c
Co., common (s-a)__—_—37y2c
8%
preferred (s-a),,—,
^4c
Miller & Hart, $1 prior pfd. (irregular)
25c
$1 prior preferred (irregular)
25c
Minneapolis-Honeywell Regulator Co.—
——
6-
7-15
7-15
dividend
Class
35C
common.—
(initial)
Equipment
5-20
Oil
(R.)
Farm
5-15
non-cumulative
Gas,
A
6-15
50c
Remington Rand Inc.,
5
5-15
15c
(quar.)
Corporation
(irreg.)
5
5-15
6-15
?$1.50
J75c
(quar.),,
Reading Co., 4% 1st preferred (quar.)..
Real Silk Hosiery, 7%
preferred (accum.)
Regent Knitting Mills, $1.60 pfd. (quar.)
5-
5-15
6-
10c
$1,50
Rapid Electrotype
5-
6-
$1.37'/2
50c
Ray-O-Vac Company
Special
5-25
68%c
6-25
Gas
5
6-, 9
50c
Quaker State Oil Refining,,.
Power (quar.)
5-25
Ontario
5-22
Mitchell
5
5-
5-16
5-15
Quebec
Common
1
7-
Mobile
Natural
6-10
40c
(initial)
5-
'
5-19*
25c
Bakeries
5- 5
1
6-15
common
5-25
1
9-15
5-15
(monthly)
25c
—
______——
preferred (quar,)_____—
preferred
25c
Corp. (irregular)
!_,
20c
Grocery, 6% preferred (s-a)—$3
Midland Steel Products, common
50c
New
4V2%^
5c
preferred
5-25
6-
Middle West
S2
(s-a)_—
10c
,—.
Mid-Continental Petroleum
8%
5-25
20c
9-
Midland
Midwest
5- 5
5
5-15
$1.62y2
•
(s-a)
—1
.
Oil
Ottawa
(accum.),,,,,-
5-25
t25c
1
Merritt Chapman & Scott—
Messenger Corporation
Mickelberry's Food Products
5
5-15
15c
1st preferred
5-
6-15
50c
$1.75
(quar.)
conv.
Ohio
4%%
—
(quar.)—,
Mercantile
5-25 :/•
12V2C
(quar.)
5-15
—
5
37 '/a c
(quar.),,,
7-
(quar.)
25c
7%
5-15
6'v
Puget Sound
Schumacher
Mills, common
preferred (quar.),,
5-19
;„,_L
5-
71/2C
(initial)
1
(quar.),..
5-25
25c
preferred (quar.)
Flour
1
preferred
5
16c
(quar.)
Corp.
9
5%
5-
5
O'Connor, Moffatt & Co.—
25c
common
5-25
$1.75
Nu-Enamel
;
Co.,
5
25c
Service, 6% pfd. (quar.)
& Rubber, 7%
5-15
common
Telephone
5-
717/e C
preferred
6-
Meadville
5-25
L
(quar.)
6-10
iquar.)
(quar.)———,1.—
5
5-
the
11-15
6-
A
5- 5
5-
5-
6-
50c
1
37V2c
Roxv
4
$1.50
$6 preferred
5-25
—
Subject
$1.37V2
-
Public Service Electric & Gas, $5 pfd. (quar.)
1% preferred
(quar.)
Stock
4-11
5-15
5-20
(quar.)
preferred
Purity
5-24
6-
(quar.)
8%
5
5-25
Insurance, common
87V2c
(quar.),
5
5-
common
8-
1%
5
25c
7%
..
$2.50
(quar.)
Elec.
8-15
Northwestern Public
5-
0-
Indiana, 5% pfd. (quar.).
preferred
preferred
t$l
Northeastern
x
5-
5-25
5-25
>
—
5
8
6%
18c
(quar.)
5-
5-10
1
10-
Common
15c
5-
Norwalk Tire
5-25
7-
5-15
5-10
5-29
75c
preferred
13c
—
12y2c
5-29
$1.25
——
Public Service Corp. of N.
$5 preferred (quar.)
6% preferred (monthly)
$1.60
Series,,,
4-27
5-11
Public Service' of
10c
Co., $4 pr.
Northwest Bancorporation
9-30
6-
15c
preferred (monthly)—.,
preferred (monthly)
5%
5
10c
5-15
11- 3
6%
5-
1
19c
Water
9-30
10-21
10c
Public Service of Colorado—
7% preferred (monthly),,,,,
6-
1.27 V2
SEC
Insurance
5-11
10-21
7'/2%
!
preferred
16c
B
(quar.)
^—
$1.60
;
5-27
1
Gamble
5-12
20c
5-29
6-
&
5-22
13c
(quar.)
5-25
$5.50 preferred B (quar.$1.37y2
,
shs.
100
of
Metals
Extra
,5-12
Series
dividend)
Gas
25c
$1.121/2
—
Massachusetts Bonding & Insurance
May McEwen Kaiser
(stock
4-27
25c
.
(quar.)
common
preferred
Co.
preferred
5% %
5
Co.
partic. preferred
of America.—
5-22
-.
Pacific
of
approval
6%
5-
6- 1
H
14o
Northland Greyhound Lines, $6.50 pfd. (quar.)
Northern Liberties Gas (s-a)
—
Products
5-19
•11c
$1.50
.
5-15
22c
4c
(quar.)
Shirt
Magnesium
sh.
Pressed
Procter
:i
50c
5-15
v
1
6-14
10c
$1.50
(quar.)
6% -preferred
7-3
25c
6-
Series,:
Ltd, (interim)
Railway Co.
1
25c
.
non-cumul.
Quaker Oats,
5-15
7-15
12c
Western
American
for
5-1
5-15
5
33c
$1.50
(quar.),
5-15
30c
5-15
*—„
5-
1
1
(quar.)
Mines,
25c
(interim)
preferred
5-15
1
2
Series,,,
Corp., class
5-11
6-
25c
(quar.)
(quar.),
(resumed)
15c
25c
:
preferred
1
7-15
|6-15
5
6-
20c
Industry
&
6%
5-16
6-
Series,,,
25c
(quar.)—
common
Extra
6%
6-
$1
$5c
—
Mackintosh-Hemphill Co.
(I.). Co.*
Noranda
.
1
8-
Industry Series,,,,
Hundred
A
Norfolk
(quar.),,
5-19
Series
Tobacco
Class
433/4C
$55 Vic
y
6-10
Utility Industry Series
Nineteen
,
5
1
50c
Company
Powdrell & Alexander, Inc„,,„,,,_
Power Corp. of
Canada, 6% pfd. (quar.).,,
Regina
Equipment Industry
Steel Industry Series
43 %c
•
$4 preferred
6-15
1
Public
:■
5-31 i
43%c
(quar.)
Ltd.
5-15
7-
50c
5-
■
Railroad
5-
5-15
Series'
Series
Stock
Railroad
$i.62V2
1
$3.25
Series
25c
$1.62J/2
(quar.)
Series
Industry Series
$1.75
Lynch Corporation
;
Lynchburg & Abingdon Telegraph Co. (s-a),
McClatchy Newspaper, 7% preferred (quar.)
pfd.
Industry Series
Merchandising Series
6-
(quar.)
6-
50c
Machinery
50c
(quar.)—
6-15
6-
Industry Series,.
Insurance
B
$1.50
Equipment Industry
Industry Series
6-
50c
!_,—
Potomac Elec. Power Co., 5¥2%
pfd. (quar.)
6% preferred (quar.)—,——,,
1
50c
(s-a)
Electrical
$1.25
(s-a),
5-
$1.25
;
Equipment Industry
6-
.
5-12
5
5-15
20c
Industry Series
Industry Series
Stock
$1.25
;
6-
$2
-
Automobile
6-21
Business
25c
5-29
$1.25
Industry
Building Supply
$1.25
6-15
Inc.—
6-
10c
25c
;
5.10%
of Rue.
(s-a),
(quar.)
Pocahontas
class A
co.,
$1.50
Gas
Holder§
Potter
5-17
5-31
$1.25
Industry
Dist.
10-
25c
& Robbins,
&
$2
_
Mines,
Elec.
New York Stocks,
$2
1
7-31
5-31
Dock—
(quar.)
stock
-10c
(resumed)
preferred
4y2c/r>
State
5-31
$1.62y2
Masonite
Y.
$1
preferred
Marine
N.
2
$1
(quar.)
Manhattan
5-
8-15
6-10
4c
(quar.)
Participating
5-2
(monthly)
—
stocky (s-a)
6-1
(quar.)
preferred
Magnin
2
&
Class
2
Shipbuilding Corp.—
,6- 1
(quar.),,,
Co.,
5-
preferred
York
Founders
125c
_
Macmillan
■:
2
5-
Queens Electric Lt. & Pwr. Co.—
J12y2c
Extra
Macassa
5-
Creek
Poor
v 5-18
$1
;
Brake
1
6-
$1.75
$1.10
(quar.)
(accum.)
(quar.)_
Air
10-20
$1
pfd.
5-25
&
7-22
25c
Corp. (resumed)
!
preferred
5-10
50c
—
(irreg.)
Shipbuilding & Dry
News
5-15
5-19
6-15
$1.25
Mfg. Co
Mining Co,
Park
50c
—
Ltd., class A
Lumberman's Insurance Co. of Phila.
Lunkenheimer Co., common
McKesson
Jersey
!
9
10-30
1.12V2
_____
Clock, 61/2%
Zinc Co
Newmarket
50c
$1.10
Lord & Taylor, 6% 1st preferred (quar.)
Louisiana Ice & Electric (s-a)—
6V2%
Haven
6- 3
1
8-
$1.75
(quar.)___
Common
6-10
50c
—
preferred (quar.),
Participating
eV2r/c
10-26
9
25c
Co,
(Herman)
New
preferred (quar.),
Mead
1
8-
6
Participating
*
6-
Neisner Bros.
6-15
preferred (quar.),!
6%
5-12
5-
5%
0
1
1
,
Participating
.
6-
(quar.),,, !
7%
Transit
25c
1
preferred
6V2V0
National
1
1
Long Bell Lumber (Missouri) (initial)
Longhorn Portland Cement—
;
5-
7-
(quar.)
preferred
5%
5-26
1
6-
!-,-/■
Long Bell Lumber (Maryland)
5%
5-31
6-
New
___
8%
6-15
6-10
preferred A (quar.)
National Oats Co., 5% preferred (s-a)
National Rubber Machinery
20c
stock
Lock Joint Pipe, common
Common
(monthly)
8%
Lead,
$1.62 Va
(quar.)
Extra
■
Gypsum Co., $4.50
1
6-
6-
6-10
2c
(quar.).
National
6
(quar.)
stock
B
Welding Machine
pfd".
preferred
Co.
i—
'
National
5-
stock,,
Class
20c
25c
2c
50c
Little Miami RR., special stock
Special stock (quar.),.
original
Electric
5-22
(quar.)
original
National
10c
preferred (quar.)
Lionel Corp. (increased)
(quar.)
Liquid Carbonic Corp., common (quar.)
4J/2% preferred A (quar.)
Loblaw Groceterias,
Extra
(quar.)
Corp.
30c
6y2%
$3.30
6-10
Container
National Cylinder
Gas (quar.
National Dairy Products (irreg.)
30c
Quarterly
Quarterly
Lindsay Light & Chemical
$3.30
25c
National
75c
(quar.)
Lincoln National Life Insurance (Ft. Wayne)—
original
!/ 7-15
75c
(quar.),,
common
B
$3.30
7-15
1
50c
.
Special stock
1
8-
4-15
Corp.,,,,,,^:,,,,,,,,—,,_—,„!-v/-.' 50c
common
8-
75c
_„_,_,u,!
25c
Electric
Co.,
6-15
50c
(quar.)
9-14
$2c
v
Libbey-Owens-Pord Glass Co
Belt
25c
preferred
5-15
$1
—
(quar.)
Liggett & Myers Tobacco,
5-12*
common,—
6-14
10-
—
4-29
$3
partic.
American shares (final)—
!__^
Piper Aircraft Corp., 60c preferred (quar.),
Pitney-Bowes Postage Meter Co. (quar.),,
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
Pittsburgh Steel, 5V2% prior pfd. (accum.)
5-15
7-15
7-14
7-
•:
1
5-15
9
8-
25c
$1
6-
5-31
Co.,
preferred
for
Extra
Pond
(quar.)
common
30c
6-15
(quar.;,,
25c
5- 9
5-10
.
50c
6-15
7-
Biscuit
1
$1.75
9
62y2c
—
(quar.i
Leitch Gold Mines, Ltd.
5-
Metals,
5-23
6-
(quar.)__„_^___,—_____—
1%
5-1
1
6-
50c
Inc.—
(quar.)—
National Casket Co., common,,!
National City Lines, common (quar.)——
Class A (quar.),!
—
5-12
6-
$1,12 V2
10c
—
common
4 '/o
Class
5-25
,
25c
Fibres,
1
15C
—
Automotive
National
5-12
$20c
(quar.)
Coated
convertible preferred
National Bearing
4
1
6%
4
6-
(quar.)—
preferred
Lehigh Portland Cement,
Savers
5-15
50c
Candy Shops
Leath & Company, common
$2.50 preferred (quar.),,.
Leland
5-15
6-
__
Le Tourneau (R. G.), common (quar.)
$4.50
National
v
—
—
National Acme
6-10
5-15
7-
25c
—
—
Secord
5-24
3
6-15
:
$30c
$$1.75
(quar.)—
com.
Vic preferred (quar.)
Lane Bryant, Inc. (quar.)
Link
5
5-15
25c
tl7J/2c
(quar.)
—
Paper Co., com.,
Nashville Chattanooga & St. Louis Ry._,_',
25c
Lansing Co.
Life
12-
When
Payable
Pinchin, Johnson & Co.—
(quar.)—
Nashua Gummed &
30c
Lang (John A.) & Sons (quar.)
Laura
9- 5
V.t.c.
'
preferred (quar.)
Chemical Co.
.L-,—25c
preferred
5-15
$2
(quar.)
1%
6-15
50c
(quar.)
$1.75
5-15
4-30
1
5-15
preferred "(quar.)—-
6-12
$1.75
—
Common
7%
5-15
Per
ehare
Name of Company
Philadelphia Suburban Water Co., common,
20c
6%
preferred (quar.)—$1.50
Philadelphia Transportation Co.—$1 participating preferred (s-a)—
50c
Mfg. Corp., $7 pfd. (quar.),^
Munson Line, $4 preferred
Muskegon Motor Specialties, $2 cl. A (quar.)
Common
'
3
25c
(irreg.)
(s-a)—
Corp.
6-
20c
(Utah)
Mullins
6-
oj Ret.
lc
:
-
6-15
25c
;—
1
7-
6-
Pay'ble
Share
2009
H oUler i
Mining & Development-—
5-22
_____—
common
Oil
When
'
8-
(quar.),
—_
Machine,
Name of Company
Diablo
Mount
5-15
6-
50c
,.—$1.50
*7% 2nd preferred (quar.)
—;
$1.75
La Salle Wines & Champagne——
7V2c
Lake Shore Mines (quar.)
t20c
Lake Superior Dist, Power, 5% pfd, (quar.-)
$1.25
Lamaque Gold Mines, Ltd. (interim)—
J7C
Landis
Per
0/ Reo.
5-31
50c
common
Holder!
(quar.)
50c
7-
1
5-
5
6-
1
•
6-2(1
;
THE COMMERCIAL & FINANCIAL
2010
Per
When
share
Walgreen Co.,
Standard Cap & Seal—
$1.60 conv, preferred
«
Standard
(quar.).
Standard
Oil
of
Standard
Oil
Co.
Oil
Standard
;
50c
California
(Indiana)
(N. J.)
Extra^
25c
50c
75c
(quar.)——
(s-aj
common
5
_——-'
.
Standard
40c
40c
__
(quar.)
Dredging Corp., $1.60 pfd.
Silica
(irregular)
Standard Stoker Co. (irregular) _______J—
Standard Wholesale Phosphate & Acid Wks.—
10c
50c
;
Irregular
Stanley Works, 5%
■'
preferred (quar.)—
Steeher-Traung Lithograph, 57o pfd, (quar.)
5%
preferred (quar.)-———
5% preferred (quar.)
Stein
(A.) & Co. (quar.)
$1,25
$1.25
25c
^5c
Inc
Sterling Drug,
*/c
Stewart-Warner Corp.
(s-a)_—
25c
—
4%%
5-15
6-1
1
6-15
5%
$1
Coal
(quar.)-—
Furniture
Storkline
81-50
(quar.)
prior preferred A
6%
Stonega Coke &
!
Extra
I2V2C
-
$1.62%
~1{?C
Stromberg-Carlson Co., 6%% pfd. (quar.)__
Struthers Wells Corp., $1 % pfd. (quar.)—
Sullivan Machinery Co.
(irregular)—.:
Sunray Oil Corp.-—.
37%c
J^c
—
i"c
25c
Superior Tool & Die
Finch Oil, common
Swan
preferred (quar.)
6% preferred (quar.)Swift International Co., Ltd.—
Dep.
certificates
(quar.).
Sylvanite Gold Mines (quar.)
Syracuse Transit Corp., common
Common
(irregular)
4 %
10c
37%c
2nd
(irregular)
50c
Electric
Co
.
(interim):
Gold Mines
Coal & Oil
Teck-Hughes
Pacific
20c
40c
tlOc
preferred (s-a)
Talon, Inc., 4%
Texas
50c
J3c
50c
50c
(irregular)
Common
Tampa
~
25c
30c
(s-a)
preferred (quar.)
Thatcher Manufacturing, $3.60 pfd. (quar.)_
Thermatomic Carbon, $5 preferred (s-a)—_
Thompson (John R.) Co
Products,
Thompson
f
Roofing,
$1.40
$1.25
t$3.25
(quar.)
Warren
5-15
6-12
5-15
Washington Railway & Electric
Participating units
5-15
5-
Welch
5-15
4-29
6-30
6-15
9-30
Wellman
preferred
conv.
5-
2
Wentworth
6-
1
5-
2
Wesson
Trane
Company,
common
Co.,
$5 preferred (quar.)
Tank Car Co.
Aircraft Corp., 5%
Air
Lines,
United-Carr
4%%
Inc.,
Biscuit 'Co.
of
Ainer.,
pfd.
Corps.,
Electric
Gas
Ltd.,
Coal
Merchants
dividend
New
Public
Pipe
(quar.)
U.
Printing
United
S.
5-10
5-25
$1
1
U> S. bonds
Obligations guaranteed by U. S. Government
6-17
Other securities..
1
6-17
Reserve with Federal Reserve Banks
5-10
Cash in vault..
5-15
5-
5
5-15
5-
5
7-
6-
1
7-
1
6-
Balances with domestic banks...
1
Demand
1
11-15
1834c
5-15
4-29
18%c
8-15
7-31
$1.50
8-
l;
7-15
Debits
8-
1
7-15
interbank
during week...
1
5-
(quar.)....
40c
6-
1
20C
5-15
W.)
(F.
Co.
3%%
6-
1
5-16
6-
1
5-16
8
6-10
:
$1.75
6-
1
5-15
30%
6-
1
1
5-
5-
9
5-16
6-
1
5- 8
3-10
6-
1
5-15;
7-
1
6-
1
5-15
7-
1
6-15
6-
1
5-15
7-
1
6-15
6-
1
5-15
5-
6
7-
6-15
6-13
1
12%%
6-17
5-
$2.50
_
7-10
6-20
(quar.)
4
$1.50
$1.37%
22'/2c
6-15
5-22
6-15
5-22
1
5-19
6-
5-15
4-29
50c
5-15
4-10
30c
5-15
4-29
10c
V
.
5-15
4-29
40c
40c
40c
50c
6-20
5-31*
9-20
8-31*
12-20
17
except
accounts,
13,151
Increase (-f ) or Decrease
(__) Since
Assets—
6-10
1
7-
;
Gold
1
6-
6- 9
6-15
6-
9-15
12-
not
closed
for
hand
on
Treasury..:-.
$
18,889,925
•
5*500
_
Redemption fund—F. R. notes..
319,243
+
—
—1,344,987
•(•
272,293
4,801
264,396
9,290
5
Total
reserves_^,_._.j!._i.ii....
19,473,564
Discounts and advances....;
Industrial loans
this
and
Other cash
5
12-15
certificates
May 12/43
May 3, '44
May 10, '44
due from U. S.
5
9-
thousands of dollars)
135,724
11,469
:
—
50,741
+
+
416
—
90,435
—1,163.129
9,989
—
110,554
1,864
—
.
U. S. Govt, securities:
dividend.
'Bills
in U. S. funds, less
i
7,603,504
3,032,940
Certificates.
Notes
62,017
—
+
+
+
19,000
1,163.764
....I*
Bonds....
1,933,740
+
1,448,767
...
5,361,519
—
194,164
412,900
;
Statement of
condition
The
statement
of
weekly reporting mem¬
System in 101 leading
ber banks of the Federal Reserve
principal changes for the week
of $107,000,000 in total loans,
May
3: Decreases
Due from foreign banks...
Uncollected'items
13,396,168
66,848
Bank premises
1
1,196
__
62,846
7,076,523
7,185,213
—
+
9,312
50,362
+
74,063
—
34,882
Total assets
Y,
"Y:-
1,601,777
Other assets..
7,308
+
136
...
:
+
+
43,017
13,248,975
■
,
F. R. notes of other banks
$208,000,000 in holdings ofYTreasury bills, and $541,000,000 in United States Government deposits, and an in¬
1
—
"+
9,040
—
52,578
+
18,127,196
+
95,084
+
12,729,498
+
39,151
+
34,636,221
4,034
—
1,662
6,092,384
4,926,695
Liabilities—
Federal Reserve notes
of $125,000,000 in demand deposits adjusted.
Commercial, industrial, and agricultural loans declined
crease
Deposits:
Member bank—reserve acct...
U. S. Treasurer—gen.
$34,000,000.
Loans to brokers and dealers for purchas¬
ing or carrying United States Government obligations
declined $23,000,000 and other loans for the same pur¬
declined $21,000,000.
V;'
-Holdings of Treasury bills declined $59,000,000 in New
York City, $41,000,000 in the San Francisco District, $40,000,000 in the Chicago District, $30,000,000 in the New
York District outside of New York City, and $208,000,000
pose
reporting member banks. Holdings of Treasury
notes declined $33,000,000.
Holdings of "Other secur¬
ities" declined $56,000,000 iin New York City and $62,000,000 at all reporting member banks.
Demand
deposits adjusted increased $68,000,000 in
New York City, $26,000,000 in the San Francisco Dis¬
at
(incl. guar, sec.)
Total loans and securities....
all
Foreign
14,491
M214,415
accts...
,i
:
1,591,846
....
Other
234,326
Total deposits
_Y\
.....
Deferred
•—
■
14,770,085
—
924.169
415,799
689,527
135,374
+1,062,523
122,100
72,140
26,294
+
6
+
2.253
53,304
9,324
Total liabilities.
+
123,320
1,285,280
availability items
Other liabs., incl. accrd. divs.L.'.
—
23.440
—
+
6,063,611
+
34,191,885
Capital Accounts—
+
10,041
+
27,686
26,965
Surplus (Section 13b)
Other capital accounts..
+
Total liabilities & cap. accts._
34,636,221
136
9,090
—
52,578
—
■'
59.2%
,
+
—
;
6,092,384
17.5%
indus¬
make
6,193
trial loans
trict, $19,000,000 each in the Philadelphia and Chicago
Districts and $125,000,000 at all reporting member banks.
651
+
&
F. R. note liabilities combined
to
+
72,162
Ratio of total res. to deposit
Commitments
75
188,097
157,112
Capital paid in
Surplus (Section 7)
399*
+
6,694
—
11-29*
7-
1
62%c
7-
1
6-15
50c
6-
9
5-26
6-
9
5-26
______
$2
$1.00
6-10
5-12
$1.75
$1.25
5-20
4-28
(quar.)—
7-15
7-
40c
6-10
5-25*
■^May
figures
3
revised.
6-15
Foreign Exchange Rates
pre¬
common.
Gov't
S.
166
+
34
Total U. S. Govt, securities
6-15
53c
53c
50c
50c
50c
10%
U.
(In
ended
5-31
and
accounts
5-20
cities shows the following
6-30
deposit
4-28
6-15
,
5
$1.75
—1,210
8
+
—
Reserve Banks Combined
5
$3.50
demand
5-20
15% Canadian non-residents' tax.
tPayable in Canadian funds,
tax deductible at the source. Non¬
resident tax. 15%; resident tax. 7%.
a Less British income tax.
tPayable
5-24
5-
51
+
890
5-20
6-
Income tax
Jamaica
books
4-15
6-10
5-16
to
5-15
50c
•
5-10
25c
7,954
75
1
5-31
1
1,077
—1,283
Statement of Condition of the 12 Federal
4
5-
25c
(accum.)__
preferred
(irregular)
50c
Nurseries (irregular)
50c
Youngstown Sheet & Tube Co., com. (quar.)
$1.37%
5%%
preferred (quar.)..
25C
Zeigler Coal & Coke
Zion's Co-operative Mercantile Institution—
75C
Quarterly
——
75C
Quarterly ;
_______—,
75c
Quarterly
....
.
—;
8
5,121
+
•:
4-21
Transportation Associates
5-10
5-
+
37
+
—541
10-16
Young (Thomas)
6-1
5-15
S.,Government deposits...—..!....-.
Foreign banks...
_
6-15
23
585
—
5-15
pfd.
(quar.)
Co.
Wrigley
5-29
30
483
10-16
1
+
Interbank deposits:
7-15
1
298
+
+ 125
34,649
Borrowings.
8-
75
—
7,244
12-30
11-
3,450"
—
26
+
6,574
5-15
/ 5-19
Mfg.,
.
deposits-adjusted
Time deposits.
U.
6-30
11-
2,940
+
—1,194
62
—
1,957
+
6
2,260
Liabilities-
■
5-15
$25c
8,767
+
18
—
533
t$2.50
$1
5%
(Wm.) Jr. Co
Wurlitzer
(Rudolph) Co.
8-10
2,805
...
183
—2,174
33
+
—
59
—
8
—
641
12
82
—
—
6
+
7,126
_>
4
+
18,105
'5-15
$1.75
1
Worumbo
6-
i
Treasury notes
7
5-10
II-10
333
+
8)
20
—208
8,968
6-17-
7-1
+
—
v
2,773
6-10
:<
2
5-20,:;
8-15
J
21)
—
62
,
.
1,203
4-30
6-17
5-15
7-
295
Other loans
1
6-
6-
Worcester
11-15
19
—
1,074
:
Treasury bills
Treasury certificates of indebtedness....
5-10
6-
Woolworth
Pursuant
'
FOREIGN
EXCHANGE
RATES
CERTIFIED
•
■
FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
TO MAY 11, 1944, INCLUSIVE
+;;■ /\
BY
MAY
Bank is now cer¬
rate for cable transfers in the different countries of the
of the Tariff Act of 1930, the Federal Reserve
to the requirements of Section 522
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
3*
5
,
1
5-22
Universal Consolidated Oil———
50c
5-20
5-5
Universal
Insurance
25c
6-
1
Universal
Laboratories,
in New York
Buying Rate for Cable Transfers
5-15
6%
prior
preferred
$1.50
(quar.)—:
Utica Knitting,
5%
6-
5-31
5-17
common—$1
6-15
(quar.)..
Van Dorn Iron Works..—
Van
Raalte
Official
Free——
preferred
(quar.)....
7%
preferred
(quar.)..
Ltd.
6-
1
5-16
6-
2
6-
9- 9
9-1
12- 9
12-
1
6-
1
5-15
6-
1
5-20
8-
1
7-15
6-
1
9-
9
7-20
7-10
$1.75
10-20
1^-10
J20c
6-10
(Hiram)
Official
Free
-
Common
$1
(quar.)
preferred
(quar.)
_
—....
.
f$i
6-15
6-15
5-12
•Nominal rate.
.060586*
.051275*
.051275*
.051275*
.051275*
.909090
.909090
.909090
.909090
-
4.035000
4.035000
4.035000
-,
.902578;
i
.903750
/
.572766*
.572766*
.572766*
.905625 '
.905078
.572766*
.572766*
*■:
4.035000"
.301215
.301215
.301215
.301215
.205820
-.205820
.205820
.205820
.205820
.909090
.909090
.909090
.909090
-
—
.658300*
,658300*
-.
529640*-.
-
.529640*
.901250
.902708
3.244203
3.244203
3.244203"
3.980000
3.980000
3.980000
3.980000;
.900208
,
3.980000
3.9^0000
.301215
3.244203
.898750
3.244203
3.244203
Y,
.909090
■
.909090
-
Uruguay, peso—
5-12
f26c
1
4.035000
.898125
:
Noncontrolled—
3.228000
•
.060586*
.205820
pound
of South Africa, pound-
Controlled
3.228000
.251247*
.
.301215
New Zealand,
Union
.251247*,
•
g
.297733*
4.035000
England, pound sterling
India (British), rupee—..:
Mexico, peso:
Newfoundland, dollar—
5-10
Gooderman & Worts—
.901000
'.572766*
i
'
.909090
"
Walker
J;,
'
<g
.297733*
,+060586*
.051275*
.900625
6-10
9-20
Y 3.228000
,
.060586*
.060586*
.909090
Colombia, peso——
5-15
6-20
3.228000
3.228000 l.,/
Canada, dollar—
Official—————
May 11;
May 10
•
:
•"•,251247*
.251247*
.051275*
/
'
.251247*
.060586*
—
■
-v:
$
.297733*
/
■
Y-
.297733*
.297733*
3.228000-
pound—_______
Money
May 9
■*u
Brazil, cruzeiro—
1
6-10
$1.75
.
(quar.)
Australia,
5-19
$1.50
___________
7%
Mines,
1
$1 50
common
_f—
Amulet
6-21
5-16
...
Waite
9-21
12-23
5-25
—
Detinning,
1
2
States
$
.251247*-/
6-
,
Common
710-
1-2-45
United
.297733*
Official.,...
6- 5
6-10
....
Vulcan
'
in
May 8
May 6
May 5.
50c
—
common———
Value
Argentina, peso—
62%c
625/2c
62%c
—
50c
7% 1st preferred (quar.).
$1.75
Vanadium-Alloys Steel
—$1
Vapor Car Heating, 7% preferred (quar.)..
$1.75
7% preferred (quar.).
$1.75
7% oreferred (quar.)
$1.75
Vick Chemical Co. (quar.)
50c
Virginia Coal & Iron
i
$1
Virginia Railway, 6% preferred (quar.)—
37%c
Vogt Manufacturing Corp
isc
Co.,
Noon
Country and Monetary Unit
1
6-15
$1
pfd.
prior preferred (quar.)_____
prior preferred (quar.
prior preferred (quar.)
5%
5%
6-
62%c
$2.50
Universal Pictures Co.——.
w
5-29 :•
1
6-
1
—_—_
Wall Paper Factories—
5-
6-
25c
6-
(quar.)
(quar.)
$5 preferred
5-31
6-10
3%'
Public
•Transfer
(s-a)
Corp.,
9
$1
35c
$1.25
1
1
-
334
obligations
Loans to banks..
(quar.)..
1
5-15
—
23)
—
600
Real estate loans..
& Co., Ltd. 6% pfd. (s-a)
Service
5-
Wisconsin
653
...
Other securities
9
50c
'
—
_.—
5-
(quar.)
common
5-
$1
5-15
6-
U. S. Government
5-15
5-31
$1.50
Extra
5-15
-
5'%
6-15
$1
5-25
58%c
Co.,
25c
5-10
xLess
preferred A (quar.)
United
5-15
5-15
preferred
preferred
Sugar
6.4%
1
227
pur¬
Domestic banks
preferred (quar.)
75c convertible preferred (quar.)
Winstead
Hosiery, quarterly______—__—
6-
$1.12 Va
5-
Crampton Corp.—
&
convertible
75c
5-15
,
States Steel Corp.,
7%
U.
Co.,
non-cum.
!—;.
418
+
■
Other securities...'...
1
5-15
4-29
(quar.)
Lithograph
&
__
34
—
Other loans for purchasing or carrying:
t$2.50
(initial)
Winters
6-15
1
•
3
$1
1
1
6-
Co._:
1
1
6-14
"
25c
6-
1
25C
for
dealers
obligations.
25c
5-
6-
U. S. Government
—
preferred
and
brokers
chasing or carrying:
4-17
10c
5-15
6-
to
4-17
5-15
I-
6-15
6-15
Loans
5-15
1
6,035
'
5-15
4,566
+
—
agricultural
and
loans.....
25c
—
5%
Electric,
preferred
Winnipeg
5%
5-29
1
6-
industrial,
$1.50
I-30,
5-15
(quar.)
Ltd.
(F. W.)
,
(quar.)—.
Rubber
S.
Wilsil,
1
—
(quar.)
Playing Card
8%
5-11
7-1
1
Common
S.
1
Commercial,
6-
(quar.)
7-15
—107
5-15
1
4-5-43
—390
10,256
$1.50
...
common
50,674
$1.75
...
6-
SI1/*
common
Co.,
4-20-44
Loans and investments—total
1
5-
43%C
preferred (quar.).
preferred (quar.)
Wilkes-Barre Lace Manufacturing
Corp.—
Foundry,
&
B.)
(J.
6-
$1
75c
4-30
Increase ( +) or
Decrease (—) Since
5-3-44
Loans—total
$1.75
Co
(In millions of dollars)
Assets—
5-16*
1
30c
1
6-
——
ferred
Williams
1
Candle
Baumer
6-
•
(Philadelphia)
Society
&
!
8-11
1
5-15
$1.50
(quar.)—
common
preferred (quar.)—
(Wm.) Co., 7%
Will
5-15
partic. class A (irreg.)_
conv.
Paper,
•■••Y'YYYY
5-1G
6-
25C
pfd. (quar.)..
6-
3c
Common
U.
5-
8-15
6-
$ $ 1.75
(s-a)
——.
Governor
B
Loan
S.
5-15
5-15
Light & Power Shares-
Elec.
8-15
(quar.)
Whitman
4-15'
58 %c
Extra
U.
11-15
7%
-Y
-
posit accounts, follows:
;
Woodward
1.
Utilities
U. S. Leather,
-
1
1
6-15
50c
$1.25
$1.12%
25c
$1.25
30c
75c
t37c
preferred (accum.).
$2.75
preferred
(accum.)
U. S. Casualty Co., 45c conv pfd. (s-a)
S.
9-
8-15
12-
Whitaker
5-15
5-15
$3
U.
1
6-
•
registered (final)
Jersey RR. & Canal Co.
Ordinary
8-31
.
5-15
$1.75
Dental Mfg.
Woolworth
com
Manufacturers
&
6-15
preferred...—
6%
Co
3
preferred (quar.)
United Molasses, Ltd.—
S.
(S. S.)
5-
5%
U.
Motor
White
5-
preferred
Series
White
6
5-
7-15
6-
10c
(monthly)
preferred (monthly)..
6.36% preferred (monthly)—
6.36% preferred (monthly)
6%
preferred (monthly)__,
6%
preferred (monthly)..
Electric,
Wheeling
5-15
1
6-
4-22
(irregular)
77*
U. S.
5-15
50c
class A (quar.)
(resumed)——;
Corp.,
Common
United
5-15
1
4-29
United Light & Railways—
United
1
6-
5-15
(quar.)
Engineering & Foundry Co.,
Stock
1
5-
5-17
6-
$1.12%
$1.25
(quar.)
$7 preferred (accum.)
United Gas Improvement
(stock dividend).
On
or
about May
18
a
distribution of
l/20th share of Delaware Power & Light
common for each share of U. G. I. held
*
4-27
5-17
5-19
preferred
United
6-15
5
...u——
United
7%
5-15
5-25
5-27
6-
(quar.)—
(quar.)
Fastener
United
7%
5
6-15
pfd. (quar.)
Chemical, $3 partic. pfd.
United
5-
5-15
5
common——>_
United
United
5-15
6-
(quar.)—-.
preferred
5%
conv.
1
conv,
6-15
(quar.)——
Union
7-
5-31
'
Co. Inc.—
Oil & Snowdrift
$0.61111
$1.46
$1.75
50c
$1.50
..
'
V
6-
20c
preferred (initial)——
______
preferred
——-——
Troy & Greenbush RR. Association (s-a) —
Tyer Rubber, common
—.
6% preferred (quar.)
———
Union Electric of Mo., $4.50 pfd. (quar.)—_
$1.50
$1.75
conv.
5
(quar.)
common
7%
Uhited
1
6-
25c
25c
5%
United
5-29
5-17
7V2C
Universal
Quarterly
Quarterly
United
5-15
5-17
$1.50
25c
(quar.)..—
Insurance (quar.)
1st preferred
Trion
1
6-
Co., $1
Mfg.
5-22
Extra
$6
Trinity
6-15
c
10c
12%c
(quar.)____
1
.
.
$28,000,000 in New York City, $18,000,000 in the Cleveland Dis¬
trict, and $51,000,000 at all reporting member banks, v
Y A summary of the principal assets and liabilities of
reporting member banks, and of debits to demand de¬
5-15
7-
:
5-15
_——
Ltd
Tokheim Oil Tank & Pump
Mines,
5-15
1
.Y'-'.
000,000.
Y Deposits credited to domestic banks increased
5-15
1
6-
50c
preferred (quar.)
West Michigan Steel Foundry—
$1.75 conv. preferred (quar.)
West Penn Electric, 7% preferred (quar.)..
6% preferred (quar.)_
West Virginia Coal & Coke (irreg.)
West Virginia Pulp & Paper Co.—
4%%
preferred (quar.)..
,_—
Westinghouse Air Brake
Westinghouse Electric & Mfg., common...^
7% participating preferred
:
Weston Electric
Instrument
Westvaco Chlorine Products (quar.)
5-10
6-1
5-29
50c
tic
25c
(quar.).
Bearing
Roller
Gold
Toburn
5-31
6-
$2.50
5-154*
1
5-15
..
5c
1
6-
5
5-20
$1.25
Engineering
6-
5
6-
Co.—
(quar.)
preferred (quar.)
Wellington Fire Insurance
4-28
5-15
6-
1
5-31
$9
22'/a
7%
12-15
12-30
Juice
Grape
7% preferred
.
9-15
„
v.."
preferred (quar.)—
5% preferred (semi-annual-basis)
Wayne Knitting Mills, common..
6% preferred
(s-a)
6
6-
6-15
—
Co., corn1
5-15
6-15
6-
50c
5%
5-19
1
6-
15c
5c
—-
common
(quar.)
5-15
5
6-15
■,
$1.25
______
6-15
10c
35c
—L
Extra
Timken
25c
25c
6%% pfd. (accum.)
Associated Oil (quar.)
Tidewater
Tilo
$2.50
Ltd.,
Stores
Thrift
90c
common
preferred
convertible
$5
.
6%
Co.,
Water
Texas
Co.
(S. D.)
50c
1
(initial)
6-12
$4
Strawbridge & Clothier—
Mfg., common
preferred
tricts, the principal decreases being $248,000,000 in New
York City and $86,000,000 in the Chicago District; the
total decrease at all reporting member banks was $541,-
5-15
6-15
$1.12%
preferred (quar,
Ware Shoals
5-20
5-15
6-
in all dis¬
Government deposits declined
United States
of Rec.
6-12
40c
(quar.)...
common
Payable
share
Name of Company
oj Reo,
Holders
When
Per
Holders
Payable
:
Name oj Company
Monday, May 15, 1944
CHRONICLE
•
•.
'
.658300*
.658300*
.658300*
.529640*
.529640*
.529640*
.903125
•
.658300*
.529640*
Volume 159
Number 4281
THE COMMERCIAL & FINANCIAL CHRONICLE
New Jersey Zinc
•
General Corporation
Investment News
Consolidated
Sales,
less
other
-
and
depletion,
Quarters Ended March 31—
Profit
and
expenses
operating
New York & Honduras Rosario Mining
«
Earnings, Quarter Ended March 31, 194|
depreciation
taxes,
operating
Other
Co.—Earnings—
Statement of
costs,
2011
tures
$1,718,585
income™-
income
—
admin,
&
Operating
Other
D.
G.
parnett has teen
emerg.
$1,802,328
—___
$112,680
exps.,
income
elected
Assistant Secretary.—V.
an
Albert
:
T.
Huizinga,
since
Treasurer
Treasurer.—V.
and
July,
159,
1943,
1866.
p.
Total
159,
has
income
connection
months
16
the
with
report
ended April 22,
contingencies
for
employees'
Income
been
available
Earnings
—V.
elected.
sales
the
for
for
share
per
159, p.
1866.
''
:>
-
Cash,
1944,
-
.
i
Period End. Mar. 31—
dividends—-
capital
Federal
taxes
"Prop,
1
of
of British
S.
85,609
979,254
81,249
949,393
60,900
730,000
Estimated
Net
730,000
A
,
Other
i
$223,119
revenues
income
Gross
385
income
Interest
9,932
net
1
'
■
.
1
-
90,377
1,080,824
_
$1,627,424
\
'*>
;/
"
'•
-
5
--
'V
.
-
,
^
■
In
year.
week
statement
made
The
Association
most
reports
number
of
kilowatt
available
hours
for
its
territory
for the week ended May 6, 1944,'- as 59,514,476, compared
59,925,261 for the week ended May-8, 1943, a decrease of 0.69%.
Comparable figure for the week ended April 29, 1944, was 60,907,395,
fin increase of 2.83 % over the corresponding-weeklastyear.—V; 159,
p. 1866.
i
of
Despite
is
faced
done
revenues
„
$8,551,102
—_
rev.
Operating
$8,542,459
revenues-
Operating expenses
Operating taxes
——_
Net
Net
1,426,587
1767.
p.
$3,702,873
2,265,782
ficult
2,331,191
for
Operating
oper.
rev.,
burdened
in
1944
Operating
expenses
Operating
taxes
years,
first
out
the
mortgage
that
4 (4s
policy
As
company.
selling
were
pointed
at
bonds
Net
Net
income.—.
oper.
income
—V.
:
* $2,825,899
_
2,499,342
_
159, p. 1558.
$2,754,654
$8,030,465
2,447,217
the
of
the
Plate
only
are
6,360,919
"
will
from
The
-
'
declared a dividend of $4.87 V2 per share on the
preferred stock, par $100, payable May 15 to holders
This will clear up all arrearages on the issue.
Pay¬
cumulative
*
of
Arrearages—
directors have
6J/a%
record
ments
May 5.
previously
lows:
Jan.
10,
$1.62 Vz,—V.
made
the
on
$1.62per
159,
preferred
share;
stock
Feb.
this
year
$3.25;
15,
were
and
fol¬
as
financial
that
dividends
March
to
run
about
proposed' to
as
proposed bond issue of
1974
series,
at
an
the
approval of
Commissioners on April
The
,
board
also
$9,000,000 by
annual
the
interest
the company
rate
not
to
by
higher
It
debt."
is
well
as
New Jersey State Board
of
Public
10,
3(4 %,
be
was
a
Ohio
final
to
Ry.,
amount
Utility
the
to
company
sell
30,000
shares
of
cumulative
preferred stock ($100 par) at an annual dividend rate
exceed 5%, the
redemption price of the stock to be $107 a
prior to April 1, 1949, and $105 a share after that date. ' AA/:.AA'
The purpose of the proposed bonds and
stock is to
refund the
not
to
share
company's outstanding
$9,000,000
Oct.
1, 1960 and 33,060 shares of
stock
with
a
total
stated
first
$6
mortgage
(no
par)
value of $3,306,000.
4(4%
bonds
question
of
said
of
will
year
be
held
taxes,"
$8,000,000."
since
the
on
SEC
The
in
order
an
Subsidiary
of
?
with
steps have been
study unification.
last
taken
beyond
These
com¬
"No meetings of these
so
far as_I know," Mr.
year.
that
being made
Chesapeake
the
time
T"
said
he
knew
the road.
He
of
recapitalization
said that
he
'■
plans
offered.
were
under"
plan
knew of
refunding.
suggested
A
'
no
also
plan
no
value
of
an
■,
..
Herbert
F.
Wyeth
of
Shields
proposed that the road refund its first 3(4s, Toledo, St. Louis &
first 4s and the 5 (4s of 1974, which total
$47,000,000 with
of serials and $30,000,000 of 25-year 4s,
paying off the
remaining $4,000,000.
This refunding operation, he
said, would result
in an annual interest
saving to the road of $750,000.
from
with
13
each
the
ICC
added
the
best
—V.
Stock
owned
interest
159,
the
87,500
effectuation
the
1944,
to
of
by
New
of
reflect
the
Jersev
NY PA
mortgage
ferred
61
of
Mr.
either
shares
of
the
(no
certain
results
presently
Power
&
NJ Utilities
invites
bonds,
stock.
Roadway,
Interest, rate
par)
common
stock
of
New
of
accounting
the
at
outstanding
Light
Co.,
adjustments,
proposed
of
full redemption
$6
cumulative
which
as
transactions
of
the
in
debt
view,
said he
to
such
protec¬
company
seriously doubted
finance
plan
a
that
plan and
would
its preferred
or
12,068
price,
Maintenance
Prov.
not
be
in
stockholders.
(& Subs.)—Earnings—
bids -for
preferred
shares
are.
Co.
series
the
the
purchase
from
dividend
rates
supplied by purchasers.-—V. 159, p. 1695; V.
1943
it
of ,$9,000,000
on
the
stock
158, p. 2050.
be
-Payable Per ShareMay 25, "44 Nov. 25, '43 May 25, '43
14 cents
distillery
21 cents
17 cents
18
35
13
and
declared
value
16
12
16
22
'24
19
12
18
20
14
19
10
18
11
10
9
Metals,
—
Public utility
Railroad—
____
deduct,
fBalance
of
5,900,799
8,891,809
1
General
'Provision
NY
PA
NJ
Utilities
Co—
$8,454,312
257,524
439,538
$8,893,850
1,125,699
of
Income
(Company
1,406,740
$8,034,155
income
$7,487,110
New York Telephone
period End. Mar. 31—
(-.-A"*
for
Net
income,
Total
for
i
•
fBalance
*Sold
1942
from. NY
obligation, held
V.
159,
p.
taxes
112.
the
by
355,120
417,436
24,621
22,996
—
income
2,178,158
2,485,083
taxes———
to
dates
Utilities
trustees of
54,388
Co.
of
sale,
$307,815
less
received
$27,344
by
tBefore
Associated
12,927
$3,180,094
—
—
period
NJ
$3,246,257
—————,
—
representing interest
PA
1942
$5,792,381
—
—
income
during
$42,800 in
iaries
———
Federal
of
239,501,676
39,911,379
38,422,743 160,258,055
14,892,307
64,634,019
154,199,453
17,979,196
V 7,813,416
35,418,795
Dr315,399
Dr310,676
Cr736,115
Dr920,224
7,715,066
net
deductions
7,502,740
136,154,910
1,141,821
4,058,287
30,177,287
A
958,071
6,756,995 A,' 6,360,919
6,319,500
6,319,500
Dividends
■
437,495
___
♦After deduction
000
resulted
not
be
54,204,712
8,030,465
Total net income
Balance
$
61,128,466 260,310,869
income
Interest
$
65,921,040
income
oper.
Other
;
1944—12 Mos.—1943
jjj
Operating revenues
Operating expenses
♦Operating taxes
of excess
from
expected to
recur
in
25,318,800
26,331,250
41,419
the
latter
regularly.—V.
159,
29,278,000
15,765,373
part of
p.
4,858,4$7
32,096,623
profits tax credits of 10%.
transactions
31,097,511
1558.
40,800
tOver $4,000,-
1943
which
may
;
Northern Indiana Public Service Co,—Exemption
from,
Competitive Bidding Rule Denied—Opinion of the Com¬
mission—
The SEC denied May 5 the
request of the company for exemption
from the Commission's competitive
bidding rule the issuance of 220,078
shares of. new cumulative 5%
dividend preferred stock (par $100).
The opinion of the
filed
Company
Commissfbn in denying the application
applications
and
declarations
with
the
follows:A
with
SEC
respect to proposed transactions including, among other things, the
issuance and sale of 220,078 shares of new cumulative 5% dividend
preferred stock ($100 par).
Its application in this connection is filed
under Section
issue
of
and
Rule
The
sole
(b)
6
sale
U-50.
of the Act.
Northern Indiana requests that the
excepted from the competitive bidding requirements
A'■■ A>:v".v.A;;' ..A: A'AA
be
AA-AA A. \:A;'.-A AvA
problem with which
we are concerned here is the
requested
the proposed issue and sale from compititive bidding.
A
held after appropriate notice, a brief was filed by Northern
Indiana on this question, and we heard oral argument thereon.
Other
questions concerning the proposed issue and sale, accounting adjust¬
exception of
hearing
ments
was
and
other
Northern
transactions
Indiana
ing, each of $100
5 Va
%,
has
now
par
are
to
be
disposed of separately.
preferred stock outstand¬
three series of
value,
with dividend preference of 7%, 6%
Aggregate dividend requirements are now
respectively.
annually cn these shares.
Some
years
ago,
under
and
$1,»
the former
Insull management,, the
company fell into arrears on its preferred
stock, but improved earning power and debt refinancing enabled it to
pay off the arrears by the end Df 1942, and current dividend require¬
ments are now being earned.
The company proposes to call its existAing preferred shards at their respective call prices and to issue an
identical number of
new
preferred shares
($100 par), with a 5%
cumu¬
lative
dividend, offering them first in exchange for the old shares,
selling the balance to underwriters for public distribution.
The
on the new shares would be $1,100,390
annually,
with fixed charges, after giving effect to
proposed, would be covered by pro forma earnings
about 1.76 times. A- A A'AA..'A; A\AA'A:-:''\vA'A. A
; ■
'•
and
this
together
amount,
program
Northern
Indiana
believes
it
would
be
to
the best
interests
of
itself
Gas
one
interest
and
of
initially to
vestment
bankers
in
1943
and
subsid¬
convertible
Electric
Corp.)—
are among
its
to
solicit
tentative
a
arrangement whereby Stone & Webber and
Harriman Ripley & Co., Inc., would lead a large
and
bankers
which
would
be
paid
Blcdget,
group
of
for
soliciting exchanges standing by
during the exchange period, and purchasing for public distribution ail
shares not taken by existing stockholders' in
exchange for old shares.
As of March 6, 1944, there were
15,168 holders of Northern Indiana's
preferred stock.
Of these, 957 holders owning 50 or more shares each
held
103,987
of
the
remaining shares
such
on
These
the reasons for its plan to make the
existing preferred stockholders, employing in¬
exchanges and to underwrite the unex¬
changed portion of the new issue,
A >
A
The company proposes to compensate the bankers on a
sliding scale
for exchange
solicitation, contending that by this method savings
resulting from exchanges (as distinguished from cash sales) will be
likely to accrue to it rather than to the underwriters.
It has entered
offering
Inc.,
_——
other
25
Co.—Earnings-
1944—3 Mos.—1943
'A':-'
into
Only)
1943
_____
deductions
17
;
benefited tax-wise by such exchanges, and estimates that the com¬
pensation it must pay to investment bankers for soliciting such ex¬
changes would be less than the cost of selling the entire issue to the
subsidiaries—
expenses
15
$20,593,291 $20,351,873
11,690,961
11,897,561
companies—
Statement
income
13
—V. 159, p. 641.
and its security holders to exchange as
many of the new shares as
possible for old shares in the hands of existing holders, paying in cash
the differential between the offering
price of the new shares and the
call price of the old.
It believes that existing stockholders would be
Calendar YearsTotal
20
$20,477,670 $19,995,776
115,621
356,097
sub.
of
14
18
Tobacco,
15
15
—
.
dividend requirements
$9,159,854
of
9
14
25
Railroad equipment—,
general public.
Income
—
15
8,040,083
9,089,922
income
income
13
18
20
—
5,381,304
$8,902,330
♦Net
12
11
18
Insurance stock—
7,107,699
5,764,567
of
A
■
20
Machinery
Merchandising
and
excess
income
deduct,
12
22
10
13
;
13
5
18
.'
11
—
;
the entire
!
12
10
22
8,579,125
taxes
taxes
Gross
___
5,906,033
,
income
Income
first
must
the following dividends of! the special
(industrial series), payable May 25 to holders
column below—with last year's payments
first
comparison):
7,720,013
(depr.) of prop., plant & equip
taxes, (incl. adj. for prior years)
income
profits
Other
1942
$88,759,673 $84,263,864
31,222,344
28,946,396
:
;;A—.w,—
for
Federal
Income
due
bonds-and
Income -Statement
for retire,
Provision
at
of
declared
(see
33
377,469
Years Ended Dec. 31—
and
1974, and 30,000 shares cumulative nreBids will be received by the company at its office,
N.-. Y. City, up to 12 noon, EWT, on May 15, 1944.
on
Marshall
increase
point
Operating revenues
Operating expenses
Electricity and gas purchased for resale
Invitation for Bids—
Company
.,
an
tax
a
_
mattej's; and (5) .the redemption,
shares
stockholders'
1767.
p.
Provision
-
approve
from
NY PA NJ Utilities Co.
issued
Light Co., and the conversion of the presently out¬
shares of cumulative preferred stock of New Jersey
value stock to stock with a par value of $100
per
par
(4)
29,
related
33,060
payable in cash.
year
would
that,
preferred
a
proposed that the preferred debt arrearage be paid off
debentures, one for each year's accrued dividends and
serial
one
33,060
no
share;
Feb.
McGeorge, representing
tive committee,
cumulative preferred
&
standing
as
5
33
con¬
for
Co.
Jersey Power & Light Co., of $16,000 of the latter
1st mortgage bonds, due 1952; (3) the reduction in the
Power
Jersey
,
income
-
New
pompan'y's 5%
■Stated
f
1558.
p.
10
the
$13,000,000
Other
Approves Financing—
SEC
159,
26
the
says
Net
progress
Plate
no
to
late
declared.
Marshall
Several
due
May 6 approved the declaration filed
regarding (1) the issuance and sale at competitive bidding, of $9,-'
000,000 1st mortagage bonds, due March 1, 1974, and 30,000 shares of
"cumulative
preferred stock (par $100),
(2)
the
donation by
New
Jersey Power & Light Co. to Northern New Jersey Gas Co., a direct
.
May
about
require
may
higher
as
Nickel
that
committees
been
Operating
;
have
this corporation
Food—
the
of
AAAA'<>■ ;A'A::AA A'•'AAA-.-
much
as
consolidation
or
Marshall
have
Marshall
y
stockholder's
a
Mr.
named
&
this
approval,
and
wages
to
amount
were
overall
of
The
$9,188,026.
merger
appointment
Mr.
sold
___
28.
authorized
129,417
for depreciation.—V.
Electrical equipment
as
Vice-President, said that while it is dif¬
results, he "doubted that the company's net
said,
to be desig¬
exceed
119,435
11
"The
of
amount
$2,500,000.
condition
a
Consolidated
The
received
239,272
3,152
12
con¬
resumed.
a
he
New Jersey Power & Light Co.—Securities Authorized
nated
$1,338,268
259,978
10,149
outlook,
further
a
are
552.
p.
$1,422,226
14,256
Building supply
14
further
reduction" of its outstanding, debt.
difficulty in meeting all of these demands for cash,'
our net earnings for the first
quarter of this year
1944 would
Howard D.
New Haven Clock Co.—Clears All
1944—12 Mos.—1943
$115,380
Business equipment—
Chemical——
secured
of
obligations now
junior mortgage
a
road's
believes
before
disproportionate
a
committees
$7,813,417
6,756,995
RR.—Trustees
Co.-—Earnings—
1944—Month—1943
Bank stock
debt
Western
;
Hartford
&
Aviation
contrasted
and
discounts
which
of
property.
with
principally
answer
mittees,
$22,442,310 $20,972,419 $65,921,040 $61,128,466
13,567,124
13,032,455
39,911,379
38,422,743
6,049,287
5,185,310
17,979,196
14,892,306
revenues-
when
from
by the
enhancement
certificates
sideration by
Operating
$0.55
30
...
estimate
1943
the
1944—3 Mos.—1943
$22,473,541 $21,021,103 $66,020,713 $61,256,189
31,231
48,684
99,673
127,723
revenues
Uncollectible
to
In
Co.—Earnings—
1944—Month—1943
$0.58
$127,959
—
—
directors
record
Alcohol and
shrink in
a
toward
Period End. Mar. 31—
to
statement' read- at the meeting.
Ross S. Marshall,-" Senior
;
New York Telephone
:
marked
"Wb; foreSee"no
&
,>
Haven
Agricultural-,.
15, $1;
the
resulting
the long-term
are
■
despite
$3,848,923
808,928
Jan.
making a sub¬
outlay of cash for necessary roadway projects as the work is
the coming months.
Additional locomotives and cars
to be acquired to handle the
increasing volume of traffic.
equipment
4,123,864
$1,277,494
ten
$3,900,000, and the ICC,
16,439,573
$1,188,801
1940
company to devote funds to
-
760,181
oper.
159,
5,626,572 :17,508,067
1,485,724
4,405,738
follows:
as
management, W. H. Wenneoutlined the improvement in the
road
during
income for
income
—V.
$0.78
Industrial Series—
•
$8,389,790 $25,616,678 $24,412,360
5,927,071
"AAVA'^'ArA
income_„_
<
"
.
—
$101,800
share,——,
with
occasioned
•
14,257
$108,249
22,011
income
shown
Although the major portion of the new equipment will be financed
through sale of equipment trust certificates, the cash
outlay for new
$8,396,452 $25,640,308 $24,434,199
6,662
23,630
21,839
8,643
.
of
will need
New England Telephone & Telegraph Co.—Earnings—
Uncollectible oper.
of
adhered
company's
the
equipment
Operating
in
statement
par
the
still
stantial
.
1944—3 Mos.—1943
were
heavy demands for cash this year.
(iri^.The Nickel Plate, it was stated, must meet its bank loan
$2,300,000 of maturing equipment obligations, .besides
.
1944—Month-r-1943V
the
been
to
behalf
management of the Nickel
traction of debt should be made
With
Period End. Mar. 31— v
*
1767.
p.
the
also
Association-f?Output Off 0.69 %—i
1943
President,
of
has
six
.
33%v the
selling below
on
road
ANew England Power
due in
to
v
_
in
159,
in
the
situation
the
notes,
May 5 the Association reports electric output of
This is an increase of 479,659 kwh„ or -4.04% above
1866.
which
with
y
production of 11,869,427 kwh. for the corresponding week a year ago.
Gas output for the May 5 week is reported at
118,957,000 cubic feet,
an
Increase of 745,000,000 cubic feet, or 0.63%
above production of
118.212,000 cubic feet in the corresponding week a year ago.—V. 159,
P.
14,257
notes-
income
The
stock.
a
Assistant to
financial condition
ended
12,349,086 kwh.
12,604
7,128
Co.
New York Stock, Inc.—Distributions—
$43.34
Payments
•
50 cents.—V.
man,
'*
-
revenues
8.25
May 10 declared a dividend of 50 cents per share
stock, no par value, payable July 15 to holders of
This compares with $1 per share paid on Jan. 15
27.
July 15,
ferred
1944—4 Mos.—1943
i'[A New England Gas & Electric Association—Output—
the
debenture
♦After provision
f.'-jf.-.
•
reduction
For
and other under¬
directors)
by
Gross
Net
1.56
Common- and preferred shareholders of the Nickel Plate Road
elected
management's slate of 15 directors at the annual meeting of the stock¬
holders held in Cleveland on May 3.
A new director, Rupert T. Zickl,
of New. York, was
among the three elected by the holders of the pre¬
499,100
'
'
$7,520,682 >$7,242,432 $26,308,245 $24,598,093
1558.
p.
at market—
Elected—
$1,752,007
499,100
_
1944—Month—1943
-
fixed
as
*
26.02
New York, Chicago & St. Louis RR.—Plans Reduction
in Debt Before Resuming Dividends — New Director
Newberry Co.—April Sales Rose 3.8%—
Period End. Apr. 30—
Sales
159,
$133,528
stocks
Mining
Automobile
1,046,893
'
*'
—V.
„
$2,798,900
preferred
"
9
(J. J.)
.
.
current
the
and
245
•
$2,708,248
$133,858
to
'
1694.
p.
A% —ci-v-A
89,646
applicable
159,
-
corporations, listed, at mrkt.
listed,
Operating
$7.51
on
capital
May
of
$2,798,655
$223,905
charges,
Dividends
—V.
$2,705,183
3,065
$74,939
13,843
$144,567
Gold
New York & Richmond Gas
worth per share
directors
-the
on
9,452
$223,504
Net income A,———A-
•
$223,905
income
stock of
The
A: 790
.
$80,149
12,950
investments—
Period End. Mar. 31—
New York Central RR.—To Pay 50-Cenf Dividend-
limited-term
oper.
Canadian
corporations,
159, p. 1287.
record
c
and
and notes of non-listed corporations
-V.
880,348
760
$124,489
operations—
on
Neptune
The ICC on April 25 approved the issuance at
par not exceeding
$2,244,960 of promissory notes in further evidence of the
unpaid por¬
tion of; the purchase price
of certain equipment acquired under a
conditional sale agreement.—V. 159, p. 1867.
Corp.—Net Worth per Share Close
,151,938
investments
6,541
=:
60,900
res! approp.
retir.
Amort,
1944—12 Mos. —1943
80,964
Other taxes
$0.69
income to March 31, 1944)_-—_—
on
of U.
$834,615 $10,689,497 > $9 891,267
382,162
5,315,735-4 ,320,874
92,955
•_—_
1,168
properties
new
New York, New
Notes Authorized—
$1,354,929
stock—.
for all
takings (fair value
•
divs.
$81,480
225,000
securities and all other net quick assets
taxes includ. income and excess
provision
Stocks
Shrs.
1944—Month—1943
expenses
compensation—
<
Government
(after
Stocks
,",
$925,088'
466,390
ji_
revenues
Operating
75,000
739.
profits taxes
Nebraska Power Co.—EarningsOperating
k
additional
special
of Business March 31, 1944—
four,
published in" last week's "Chron¬
icle." the company announces that the number of stores in operation
decreased to 862 at April 22, 1944, from 919 a year ago.
See V. 159,
p.
on
profit
Earnings per common
—V. 159, p. 1044.
•
the company's
of
5%
$1,654,929
for
1450.
p.
National Tea Co.—Number of Stores Decrease—
In
■
and
on
1942
$81,317
$124,489
306,983
—
Newmont Mining
■
&
$1,347,946
Reserve
National Supply Co. (Pa.)—New Vice-President—
Vice-President
Int.
454,383
income
Reserve
"
.
war
new
from
1943
expendi¬
properties—,
—i-
Net
Layman, formerly Controller and Assistant Secretary, has been
Treasurer, succeeding R. E.
Channock, resigned; Harold L.
elected
,
$341,703;
exps.,
National Refining Co.—New Treasurer—
•
Profit
Int.
Gen.
stock was offered at $21 a share net, with a concession
of 55 cents per share to dealers—V. 159, p. 451.
j
_
on
Co.—Earnings
1944
before
opers.
Expenditures
83,744
(Continued from page 1976)
Total
from
Under'the
total
were
proposed
220,078 preferred shares outstanding.
held in relatively-small amounts.
arrangement
the
bankers
would
receive
The
com¬
pensation equal to (a)
new
$1 as a standby charge for each of the 220,078
an amount varying from 50 cents for each share
(if not more than 110,000 shares) to 75 cents for each
exchanged (if more than 198.000 shares); plus (c.) an amount
shares, plus (b)
exchanged
share
varying from $1.50
per
share purchased by the underwriting group (if
k'
aggregate
per
share purchased
if all shares were
be
slightly over $420,000,
a
public
competitive bidding rule.
577
have noted, Northern Indiana
of the
.
,
nf
.
before
us,
incurred in an amount not to
already rendered and expenses
$20,000.
'
.
77
•>'
-7'
■ '-■•••
.7'77777'77;'"'i'7
y'-yy'
contains a tentative list of 70
Webster and Blodget and Harriman
Ripley & Co.
With few exceptions,
practically every underwriting
house of importance is included in the list.
*
■
•
•'
It thus appears that the company made its selection of underwriters
without delinite knowledge of the terms they would offer.
It appears
further that the possibility of submitting the refinancing to competitive
bidding was summarily dismissed by
the company.
Mr. Mitchell
testified that he did -hot know, how
competitive bidding could: be
effected with an
exchange offer, and that both of the designated
underwriting houses told him, in response to his question on the sub¬
ject, that competitive bidding was not feasible.
Our staff is available
for consultation on financing proposals and for the expression of its
opinion on the appropriateness of applying for an exemption from
competitive bidding in a security flotation.
Its views were not sought.
The decision to request the exemption was that of the company alone,
and the only outside advice it had was not disinterested.
7 "v ::
We
may note
that in 1942 we rejected a similar request by the
Public Service Co. of Indiana, which, like the applicant, is a company
in the Midland United system,
with respect to a proposed issue of
bonds
under
circumstances
of
which
the
present
application is
reminiscent. 7 .■ 77'-777
77
'-'yy 77.7:7
77777-;-.;;'
Commissioner C, O'Brien, dissenting, stated:
7;-■f77-:77-,7:,:The company has only recently been able to pay off its preferred
dividend arrears.
It appears that the present stockholders are widely
scattered and their holdings are in general relatively small.
In fact,
in round figures the 220,000 outstanding preferred shares are held by
15,000 stockholders, making the average holding about 15 shares.
The
task of soliciting exchanges will not be like the usual distribution job,
and we all agree that exchanges of stock will be in the best interests
of the company and its security holders.
The circumstances in the
aggregate raise substantial doubts in my mind as to the feasibiltiy of
competitive bidding in this case, and I would grant the requested excep¬
tion.
I do not concern myself here with the particular terms and
conditions
of
the
proposed underwriting and exchange
agreement.
These
would be
subject, were exemption granted, to the- otherwise
applicable standards of the Holding Company Act.—V. 159, p. 1767.
An
introduced
exhibit
in
record
the
underwriters assembled by Stone &
ov
..
a
..-
preferred and (b> a lump sum to compensate the underwriters for
the over-all job of soliciting exchanges, standing by, and underwriting
shares not exchanged.
This suggestion contemplated that the under¬
writers would be permitted to begin selling the stock during the ex¬
5%
subject to the stockholders' prior right of exchange.
The company objected that the bids on (b) would probably be based
on
ultra-conservative estimates of the number of shares likely to be
■exchanged, and if actual exchanges exceeded the estimates the under¬
writers rather than the company would benefit from the resulting low
flotation costs; but this objetion overlooks the fact that investment
bankers when competing for business are not more likely to be influ¬
enced by ultra-conservative estimates than when fixing their terms in
non-competitive transactions.
The successful bidder in a competitive
transaction is ordinarily not a banker who is excessively pessimistic
either as to the merits of the security or as * to the difficulties of
period
change
held
is
exceed
sliding scale of compensation, varying with the number
of exchanges
accomplished, the company contends that competitive
bidding is n«t feasible, since bids might' vary at the several levels in
the scale, one bid being more favorable for a certain^nv.mber of ^ex¬
changes, a second bid for a different number of exchanges, a third #
for still'another number of exchanges, and so on.
This, the company
asserts, would render it impossible to pick the bestrbid.
As an alternative, our staff advanced the tentative suggestion that
bids be solicited specifying (a) the public offering price for the new
Assuming
held
was
for an exception from Rule U-50 is denied and the issue
subject to competitive bidding, the two firms will be paid for
services
we
.
been
and was somewhat higher than the prior tentative offer
argument
Other
Net
777, '-:'-'77;;>v'77.'7:"'7
;-7':,777'v-'777
in addition, the company contends that the proposed compensation
is "fair and reasonable," that the price to be paid to the company for
unexchanged shares is "expected" to be "adequate," and that the com¬
pany's officers "in the exercise of their best business judgment and
after consultation with experts in the field of corporate financing"
have concluded that the present proposal is the best.
for
$301,248
36,791
Federal
income
5,192,215
$6,022,341
$5,340,152
123,983
*
dividends
and
Balance,
"The
$147,937
5,738,614
7
;
123,983
_____
dividends
•[Federal
40%
137,387
$283,727
Total
Common
15,925
200,847
tax_
1.
Jan.
State
March
above
of
161,934
tract.—V.
$5,736,425
taxable
to
for
1944 Federal
income
&
income
is
tax
the
at
March
at
company
under
of
rate
31,
1944.
installment sale
1936
con*
Liffht Co.—Earnings—
1944—Month—1943
'
$701,255
1944—12 Mos.—1943
$595,741'
$6,971,113
65,391
3,287,982
960,938
3,015,811
591,717
47,584
595,253
571,771
58,333
___
$7,710,325
52,218
revenues
expenses—__
taxes
Federal
profits
$5,187,131
2257.
p.
Power
Period End. Mar. 31—
Operating
Operating
each
of
intercompany
158,
Pacific
29,038
31
provision
the
tApplicable
taxes
58,333
700,000
699,575
>
272,828
150,519
.
Other
238,023
taxes
Prop,
retir.
Amort,
of
investments
Net
for the week ended May 6, 1944,
totaled 41,866,000 kwh., as compared with 38,017,000 kwh. hours for
the
corresponding
week last year, an increase of 10.1%.—V. 159,
p. 1867.
.".7 :-7;,;yy'.Electric
of
output
this
$186,410
19,721
19,424
$2,165,910
235,063
1,641
1,016
5,721
1,705
$188,719
$206,850
$2,406,694
$2,325,375
(net)____
____
charges
income
Dividends
—V.
106,4177
$82,424
applicable
159,
106,295
______
_
to
1,244,810
1,315,410
$1,161,884
$100,433
preferred
$1,009,965
stocks
458,478
yy
12 Months Ended March .31—
*Gas
1944
revenues
Gasoline
1,00),973
784,404
131,526
^
revenues
Total
40,811
___
gross
revenues
Operations
$19,734,995 $17,212,720
for
State,
local
depletion
miscell.
and
income
Federal
-
•
863,861
Other
the
•For
$4,674,530
1,018,125
deductions
831,094
y.y
(Cr)
(net)
214,676
months
ended
157,483
$4,972,871
$4,000,919
•:
March
31.
and
1944,
1943,
approximately equal to
tion
Power
1942,
in
rates
have
not
special
a
the
for
Revenue
Court
the
of
the
included
in
gas
Commission
but
revenue
have
reduc¬
a
Sept.
on
been
set
23>,
aside
credit
account pending a review of the order by
Appeals.
[Federal -income and excess profits
1944 have been computed in accordance with the
1943
which
Condensed
Assets—Gas
Federal
of
year
Act
by
been
deferrd
Circuit
taxes
ordered
of
amounts
$7,350,542 and $3,643,239 respectively,
in
&
(
1
12
2,322,932
$5,776,320
:'-7;-V77\:
revenue
funded debt
interest
1,799,272
1,405,000
income
Net
915,207
2,170,000
taxes
operating
on
2,990.518
taxes____
taxes..,.
profits
438,236
3,251,837
amortization—_
&
7777777 v-'v-7::r ■
Net
Interest
4,072.025
645,014
deprec.,
excess
validity,
•
5,622,964
—_
Maintenance
Prov.
1943
$18,602,497 $16,387,503
revenues
[Federal
Period End. Mar. 31.1944—Month—1943
1944—12 Mos.—1943
the grounds offered by the company may possess a
$5,211,191
$473,194
$5,549,807
$510,999
Operating revenues
they are not, in our opinion, sufficiently cogent to
2,360,604
2,967,683
253,087
264,513
Operating expenses
justify concluding the matter in favor of an exception from the rule.
379,724
687,614
Federal taxes
52,333
77,530
In the first place it is by no means certain that compensation on a
531,933
50,571
549,934
Other taxes
47,776
sliding scale offers the expected inducement to underwriters to effect
300,000
300,000
25,000
25,000
Prop, retir. res. approp.
exchanges in preference to sales; nor is is ncessarily true that, if bids
Amort,
of
limited-term
"were made competitively on a sliding scale,
differences in the bids at
18
23
i; investments
;
varying levels of the volume of stock exchanged would be such as to
'0:1
$y
preclude the selection of the best bid from among them.
It is entirely
Net oper. revenues
$92,203
$1,062,554 $1,120,911
$96,180
possible that one bid may be superior to the rest in all levels or at -y
558
least for the volume of exchanges that the company considers within
4,168
8,756
Other income (net)
1,116
the range of probability.
The selection of the best bid by the company
need not be a purely mechanical matter.
$1,125,079
Gross income
The company has its own
$92f761
$97,296
$1,071,310
estimate of the. probable volume of exchanges.
Dean H. Mitchell, the
Interest charges
421,304
36,226
533,784
35,639
company's President; testified that he thought at least 80% of the
$691,295
Net income
$56,535
$650,006
outstanding shares would be exchanged for the new stock.
Even with
$61,657
bids on a sliding scale the company would be well within its rights
Dividends applicable to preferred stocks
334,227
334,243
In attaching weight to the bid that seemed most favorable to it at the
—V. 159, p. 1696.
'V'
level of exchanges which it anticipates, and discarding other bids even
though they appeared more favorable at other levels.
.
Ohio Associated Telephone Co.—Earnings—
The remainder of the company's arguments—that the compensation
1944—3 Mos.—1943
Is fair and reasonable, that the price for the unexchanged shares is
1944—Month—1943
Period End. Mar. 31—
$270,870
expected to be adequate, that the officers have exercised their best
$229,895
$88,402
$97,267
Operating revenues
business judgment,
111
124
371
and that experts have been consulted—are not
Uncollectible oper. revV; 334
458.478
,■
1696.
p.
[Federal
Co.—Earnings—
231,840
Panhandle Eastern Pipe Line Co.—Earnings—
company
Northwestern Electric
$167,357
Gross income
Net
411
$2,091,830
revenues,-
income
Interest
242
lease of plant
from
Other
•'
—
oper.
Rent
approp.
(Del.)—Weekly Output—
Co.
States Power
res.
limited-term
of
some
134,485
$521,365
_____
surplus,
Preferred
$166,763
196,922
income
Balance
2,547,568
$324,443
deductions
"Provision
/"
2,636,311
,
__
Income
1943
$2,714,329
$2,960,754
revenues—
Net operating income______.i_i__
Non-operating income
Gross
■.
1944
Oper. exps. & taxes other than Federal, income
Other
»
While
operating
;
.r
(& Subs.)-^-Earnings;
3 Mos. End. Mar. 31—
Gross
.
Northern
marketing it.
certain
Omnibus Corp.
2,
application
to objections
our adoption
„
had
Monday, May 15, 1944
had
schedule
new
It was approved by the company
us.
Up to April 28, 1944; when
the price the underwriters would
offer
for the unexchanged
shares, and the length of time for the
exchange offer, were undetermined.
7777 777:.'An oral understanding exists between the company and Harriman
Ripley & Co. and Stone & Webster and Blodget that if the present
oral
regards a large volume of ^ex¬
changes as desirable becltise the financing is expected^Reaper
by that method.
It also desires to retain as many of the present pre¬
ferred stockholders as possible.
It regards the sliding seatie ^of dornpensaticn as an incentive to the underwriters to procure as many
exchanges as possible in preference to direct sa»es, and as a method
of retaining for itself a portion of the savings in financing costs which
would result from a large volume of exchanges.
As
schedule
The
1944. asserting that market con¬
changed, and the two underwriting
of fees covering their compensa¬
arrived at without the participation of
Feb.
on
stocks
a
submitted by Harriman Ripley & Co.
and is embodied in the filing before
or
offering price is to be set, is subject
kind that formed a substantial part of the basis for
the
submitted
preferred
submitted
the company,
„
which
had
for
then
tion.
$1.90 per share.
As heretofore stated, the company requests an exception from the
provisions of Rule U-50 requiring competitive bidding as a condition
to the proposed security issue.
We believe the request must be denied.
We should make it clear first that, we do not take issue with tne
company's view as to the desirability of the refinancing or with the
method of exchange as the means of achieving it.
Nor do we n^es"
sarily
disapprove the principle of compensating underwriters on a
sliding scale. ,7 7>7 yyyv;,:/;
However,
the grounds for the company s preference for puvate
negotiation do not appear to us to be sufficiently persuasive to justify
the granting of an exception, and the method through which the un¬
derwriters were selected and their compensation arrived_ at
and by
would
it
ditions
firms
exchanged, would
be $1.75 per
share or a total of $385,136, and the maximum, if no
shares were exchanged, would be $3.50 per share, or a total of $770,273.
Northern Indiana estimates that about 80% of, the new shares will be
issued in exchange for the old.
On this basis payments to the bankers
Thus the minimum compensation,
fees
of
number purchased is less than 22,000 shares) to $2.50
(if such aggregate is 110,000 shares or more).
the
of
FINANCIAL CHRONICLE
THE COMMERCIAL &
2012
plant,
allows
Balance
credit
for
output.
for
amor*
$1,203,447;
31,
intangibles
(less
$100,735,922;
-
other
exempt
Sheet, March
excess
1944
reserve
'
situation presented by this exchange program, r They
are the familiar arguments advanced in opposition to the general prin¬
ciple of competitive bidding embodied in Rule U-50.
In adopting the
rule wc pointed out that bids on a competitive .basis are in general
likely to be of substantial aid in determining whether or not the price
and other terms of the issue are fair and reasonable, and our adoption
peculiar
of
the
the
to
rule
was
in
part for the very purpose Of
the
determination
this
the
rule
of
such
in
«.
implication.-''
raised
point
Net
Net
27,317
34,728
88,754
66,230
$10,799
*8938
$40,873
$46,879
5,357
income
oper.
"6,780
24,174
29,196
income
or
which,
economic
in
either inadvisable to
the
result in,
conditions shall
markets
financial
the
of
demoralization
judgment
of
the
in
United
the
representatives
Period End. Mar. 31—
Operating
Uncollect,
7,579
revenues—
$5,854,707
expenses____
3,476,665
Operating
taxes
Pacific Lighting Corp.
of
it
1,435,662
4,786,946
Gross
oper.
stock
of
1943
28,644,110
14,674,456
,
the tax law. since amended, made it inad¬
visable to refinance at the time.
In October, 1943, Stone & Webster
and Blodget expressed an interest in formulating a refinancing plan,
but'still no definite proposal was evolved.
.
Min,
became convinced that from a market
to proceed with the transaction, and active
held with both financial houses.
On Feb. 2,
1944. Harriman Ripley & Co. furnished the company with a tentative
Common
certain
Early
provisions
in
1944
viewpoint it
discussions
schedule
was
were
of
fees
the
of
C,
series
2%%
March,
program.
1941
1942
is<-ue
On
April
as
going
Ripley
&
It
Co.
accrued
for
to
13,
was
1944, the present application-declaration was filed.
1944., a
conference, was held between the company
RipleyCo., Inc„ and Stone & Webster and Blodget,
the
informed
(810.000
par),
;
first
them
meeting of the company
that
they
this conference, Harriman
were
with
jointly awarded
the two houses
On
and
Inc.
since
the refinancing.
At
Ripley & Co. withdrew the tentative schedule
$105,-
.
$14,371,500;
shares,
and
C
$20,250,000;
par),
no
mortgage
$12,000,000;
D,
bonds,
series
A,
mortgage' bonds,
$2,500,000;
10-year
$10,000,000; accounts payable, $660,451; dividends
stock, $201,201; matured long-term debt, $94,781;
$4,681,128;
accrued
interest,
$370,415;
other
current
liabilities,
court
$5,669; gas service revenue impounded pur¬
$10,993,781; deferred liabilities, $41,756; reserve
depletion and amortization, $18,147,499; other re¬
order,
$1,202,367; surplus (restricted
159,
of
accounts
V
y'y;;
•
■
stock
($100
depreciation,
—V.
doubtful
the amount of
as
to
payment
of common
stock
$6,246,270), $12,076,544; total, $123,097,093.
%
1696.
p.
Paraffine Companies,
Inc.—Earnings—
-
(Including wholly-owned domestic subsidiaries)
Period End. Mar. 31—
1944—3 Mos.—1943
Net
prof. aft. all chgs._
Earnings per com. share
$471,264
above
profits for the
./v. -'-yy' y:
follows:
9
months
were
deducted
y'yy'^yy;-v
income
Federal
The
(2)
taxes (including surtax)..
prof, taxes (les*s post-war refund)
excess
were"
year
/;-yy,. >:
■
1944
Fed.
6,788,964
6,426,207
1943
$429,938
$411,480
1,087,490
694,835
net
profits for current* and previous periods referred to
company's proportion of earnings (whether declared or
not) of those companies in which more than 50% of the
voting stock
is owned, but only the dividends received from Fibreboard
Products,
Inc., in which exactly 50%
of the voting stock is owned.—V. 159,
above
p.
include
641.•
/■;
-
y
•'.y-y.^
yy
'
Parke, Davis & Co. (& Subs.)—Earnings—
Perior Ended Mar.,31—
6,027,527
Profit
$9,403,405
327,640
$8,878,331
302,199
$8,842,337
279,335
$9,283,024
264,962
from
Other
$9,180,531
1,566,798
1,339,538
$9,121,672
1,463,613
1,345,346
$9,547,986
1,497,838
1,337,030
114
119
121
income
$6,274,075
$6,312,592
$6,337,757
exc.
1,863,635
1,346,482
prof,
and
taxes, after
"
1944—12
v
Mos.—1943*
$4,480,911 $17,643,436 $15,455,523
62,773
_______
Prov, for est. inc.
112
$6,896,012
1944—3 Mos.—1943
$4,626,020
oper
Total income
$9,731,045
_
___
dividends
1,000,000
1,000,000
1,000,000
48,555
$4,683,793
291,088
257,451
$4,529,466 $17,934,524 $15,712,971
"V. H-
'%,■
:'>v:
;
•.'.'"■■'■'"i-:
.
allowing for post-war
refunds
2,750,000
2,522,913
$1,938,793
$2,006,553
____________
10,127,087
8,411,463
4,825,893
4,825,893
4,825,893
$448,182
$486,699
$511,864
for
possible
de¬
cline in invent, values
Net
profit
_________
"Provision
$1,070,119
________
Consolidated
Assets—Plant
in
,
Balance
properties
and
Sheet, March
franchises,
31,
1944
$211,539,611;
$470,925;
materials
and
Supplies,
$1,421,067;
deferred
charges, $2,680,010; total, $241,982,166.
for
the
U.
S.
A.
excess
profits
tax
the-three
for
to
directors
share
on
on
the
May 4 declared
common
stock
of
a
quarterly dividend
$2.50
par
value,
1,
accrued
interest
on
funded
debt,
accounts
$91,320;
payable,
$2,~
accrued
and
taxes
982,166.—V.
159,
p.
452.
.
v
Vtl.-
cents
June
of
record
May
20.
A
like amount was disbursed
last, and in each quarter during 1943.—V. 159, p. 740.
1
on
1
(J. C.) Penney Co.—April Sales Up 6.94%—
Period End. Apr. 30—
1944—Month—1943
$
payable,
$14,188,330; dividends payable. $584,313: customers! deposits,
$697,674; reserves, $84,333,499; earned surplus, $20,275,451; total;.$241,-
;
-
of 37 V2
payable
holders
March
subsidiary, $1,491; funded debt, $46,675,000;
909,814;
about
Parker Rust-Proof Co.—37 V2-Cent Dividend—
The
per
stock,
$49,937,924;
preferred capital stock of
subsidiary, $22,287,350; minority interest in common stock and surplus
of
month
in
1944
is
approximately
$1,360,000
compared
with
$1,200,000 for the corresponding 1943 period.—V. 159, p. 1696.
investments
$4|534,000; accounts and notes receivable, $6,293,436; gas storage and
deferments,
500,000
$6,801,514
period
cash, $10,628,831; U. S. short term securities,
securities, $4,414,286;
500,000
$7,307,437
y
1,000,000
4,825,893
_
:
in computing
each
31
'
-
$1,157,383
; %
$2.23
$2.85
.
March
ended
y-v
$1,417,047
$0.64 '
Notes—(1) Estimated Federal taxes that
the
as
1944—9 Mos.—1943
$326,904
V
$0.94
.,
Liabilities—Capital
April 5,
Harriman
Th's
was only tentative and that no schedule at all had been
Stnne & Webster and Blodget, the company early, in
orally advised the two houses that they would be jointly
exchange solicitors and underwriters, with 75%
of the
to Stone & Webster and Blodget and 25% to Harriman
by
for
reserve
and
supplies,
$848,550;
cash
impounded!
$10,190,407; prepayments and other.deferred
order,
preferred
taxes,
serves,
22,678,[*96
8,005,848
26,837,750 .25,078,160
11,696,328
10,920,614
7,222,903
sub
dividends
Despite the fact that
1944,
engaged
of
income
Surplus
this' schedule
submitted
interest
Preferred
company
refinancing
(less
material
debentures,
dividends in
feasible
the
$2,417,486),
Prov.
Net
again
for
of
mortgage bonds, series B,
$9,250,000; serial notes, series
.
but
purchase
$59,944,874 $54,201,373 $51,267,318 $45,995,395
revenues—
the unexchanged stock agreed to be
Expenses
_>___
Taxes
purchased
(Emphasis added.)
We turn now to an examination of the negotiations conducted in
Prov.
for retirements—
this case.- ;y
■
7-7
7
7- v "7 7"7- 7; y-v.
The exchange program coupled with a standby underwriting agree¬
Net oper. revenues.—
Other income (net)—
ment has. according to Mr. Mitchell's testimony, been contemplated
for several years, during which discussions were held at intervals with
Harriman Ripley & Co., Inc., and with Stone & Webster and Plodget,
Total income
Inc.
During the summer of 1943 discussions with Harriman Ripley &
Interest, amort., etc.—_
Co.
were
resumed and the transaction was given considerable study,
Pfd. divs. of subsidiary.
the offering
hereunder. . .
$3,048,611
court
4,258,534
(& Subs.)—Earnings—
1944
12 Mos. End. Mar. 31—
proceed with the exchange offer or inadvisable to
with
proceed
preferred
$5,424,006 $17,530,653 $16,051,466
3,162,264
10,275,424
9,257.936
1,535,279
______
1944—3 Mos.—1943
$5,427,801 $17,552,690 $16,061,385
3,795
22,037
9,919
$5,862,286
rev
oper.
Operating
1944—Month—1943
v
revenues
Operating
state of
States
renders
to
Liabilities—Common
"'7.7. -777.7
a
and
Charges, $539,686; total, $123,097,093.
suant
.
financial
political,
$2,942,938;
and
Co.—Earnings—
7 Net
$826,080
$2,468,283
$2,534,996
oper.
income___
$842,763
recognize, of course, that news adversely affecting market action
Net
income
781,712
806,573
2,371,597
2,340,023
in unsatisfactory bids—or no bids—in the case of any
—V. 159. p. 1451.
financing at any time.
But this factor is by no means peculiar to 77
issues offered at competitive bidding.
It is common practice for bank¬
ers
in negotiated deals to protect' themselves by escape clauses.
Ohio Oil Co.—25-Cent Extra Distribution—
In¬
deed
in
the very contract proposed here, between Northern Indiana
An extra dividend of 25 cents per share and the usual semi-annual
andifhe bankers selected by it, there is the following provision:
dividend of 25 cents per share have been declared on the common
"14. Termination by Representatives—This agreement may be termi¬
stock, no par value, both payable June 15 to holders of record May .13.
nated at any time prior to the closing date, by the [bankers'] repre¬
An extra of like amount was disbursed on Dec. 15, last year,
which
sentatives
;; if there shall have occurred any international develop¬
brought total paid in 1943 to 75 cents per share.—V. 159, p. 1696.
ments resulting in. or if the market value of securities in general or
America,
order),
accrued
result
.
court
declared,
7
We
may
sales
gas
673),
pursuant
157,427
Ohio Bell Telephone
by
7.7"7:-.1. 77'777":' .,7'7!*/;7v7.'7
■
$270,536
169,897
—Stoss.^y.^59, Pi.1696.
from
the
company
requires mention,
although it was not specifically directed to the appropriateness of
competitive bidding,
Counsel for Northern Indiana referred in his
argument to a recent slump in the market, which he attributed to/
"invasion jitters," as a reason why the company preferred the arrange¬
ments it had made.
The implication seems to be that if we require
competitive bidding in this case and the company misses its market
owing to unsettled conditions arising out of the war, responsibility for
the misfortune would be on our shoulders.
We must reject any such
additional
An
$299,524
54,501
of
$6,250,000;
affording assistance in,
contentions in
therefore, serve as a basis for on exception
the absence of extraordinary circumstances.
$88,291
59,027
Operating expenses
Operating taxes
questions.^ The - company's
respect cannot,
$97,143
Operating revenues
tization
investments, $286,783;
cash,
$2,995,489;
special deposits, $863,869;.
temporary cash investments, $2,490,000; accounts and notes receivable
(incl. $803,371 which will, when received, be impounded, pursuant to
Sales
—V.
43,445,106
159, P.
1559.
S
1944—4 Mos.—1943
$
$
40.625,356 143,079,253 138,755,709
[Volume 159
Number 4281
THE COMMERCIAL & FINANCIAL CHRONICLE
Pecos Valley Power & Light Co.—Sale—
West Texas Utilities
See
Co.—V,
Pennsylvania-Central
Carl
Philadelphia Transportation Co.—Tenders Sought—
156, p., 259.
Airlines
The
Fidelity-Philadelphia Trust Co., trustee, 134 South Broad St.,
Philadelphia, Pa., will until 12 o'clock noon (EWT) on June 15 receive
bids for the sale to it as of July 1, 1944, of consolidated
mortgage 3%-
Corp—Stock Placed—
67c
M.
Loeb, Rhoades & Co., White, Weld & Co., and
associates announced May 12 that they have placed pri¬
vately with investors 26,050 shares of common stock
(par value $1).
This stock represents the remaining
bonds,
series
exhaust the
—V.
159,
of
sum
due
A,
Jan.
1,
2039/to
sufficient
amount
an
to
$296,887, at prices not to exceed their face amount.
he
exercise their conversion
privilege, which expired May
of the
preferred stock on the exchange basis of two shares of
com. stock for one share of preferred.
Other members
of the underwriting group are Cohu & Torrey; Auchincloss, Parker & Redpath; O'Brian, Mitchell & Co.; Kay,
Richards & Co.; Kebbon, McCormick & Co.; Stroud &
Co., Inc., and Mackubin, Legg & Co.
Proceeds will be used for redemption of $1.25 cumula¬
tive convertible preferred stock (no par) at $27 per share
for
and
annual
will
board
sale
to
^authorized
the
to
the
making
underwriters,
the
the. released
of
sale
shares
of
total
common-shares
writing
V.
159,
the
from
shares
15.
May
on
■.><■://
application has been
authorized for addition
Pursuant
stock
the common
of
State,
after
corporation
Federal
the
at
of
rate
to
released
$13.50
Net
Net
share.—
per
&
—V.
159,
directors.—V.
Fed.
659,162
—
1,212,676
taxes
158,
income
502,000
1,291,500
1,413,000
tax.
1,386,000
$134,586
$150,482
$146,100
$2,110,883
_
_
$2,271,959
23,016
$2,148,05'?
_
.
charges
$2,294,975
1,274,198
1,287,006
$873,859
—
$1,007,969
2052.
Maintenance
$0,30
$0.34
$0.33
1,367,100
1942
$416,051
269,951
1,150,835
,
37,174
p.
1943
552,723
Depreciation
Period End. March 31—
Operating
1944—Month—1943
$2,247,677
revenues
share
Federal
$2,023,563 $25,439,704 $22,652,788
778,889
9,902,857
8,692,143
144,101
1,813,944
1,619,443
915,104
148,084
126,371
income
taxes
117,641
198,661
taxes-
1944—12 Mos.—1943'
71,433
1,507,722
1,331,736
Net
1944—Month—1943
Period End. Mar. 31—
$4,319,525
2,230,973
revenues
Operating expenses
Federal
Other
taxes
of
Amort,
1,500,722
256,261
231,149
2,817,164
2,515,472
$603,195
$680,350
802
$8,066,280
10,812
$7,101,641
67
$603,262
Net
$681,152
$8,077,092
$7,192,928
195,567
277,979
2,604,448
Divs.
3,507,500
1,381
1,617
16,973
$921,480 $11,255,543
:
5,980
income
2,379
$937,957
59,688
5,559,506
5,520,388
$453,482
.
$5,755,725
$5,684,018
3,837,992
Thfs
3,843,286
$1,917,733
-V.
—
159, p. 1389.
V
$1,840,732
in
dividends
1697.
p.
is
1943
V
increase of
an
indicates
and
volume
1944,
in
the
quarter
stockholders
of
this
1,498 over Dec.
62.82
Dec.
on
31,
This
1867.1L
,
u-
&■>
_
1944—Month—1943
'$2,749,048
20
to
holders
share on the
record May
of
like
A
10.
paid each quarter since and including Feb. 20, 1943,
Aug. 20, 1942.—V. 159, p. 879.
*
on
Pfeiffer Brewing
after
before
Federal
depreciation,
taxes)
:
income
etc.
design,
1943
taxes———
82,029
——
$79,432
share—__
$149,423
$0.18
,
$125,983
,
60,825 '
51,593
which
court's
illegal
an
the technical advances made
possible by
to
a
and
construct
a sleeping car business serving
large extent been made possible
of the equipment it has been
very
economy
and
In
use
its
The
service.
first
all-steel
air-conditioning installation, the first lightweight sleeper, and
the
first
closed
vestibule,
the first electric
lighted
train,
many other
passenger-servce "firsts" have been pioneered by Pullman.
There is also involved here the. whole oroad
question of when, in the
language of the court opinion, "the sole possession of the field" is or
is
in
not
the public
evidence
handed
in
interest.
our
down
case
showed—and the court in its findings of
in
April, 1943, so stated—thafr The Pullman Co.
"did not at any time
engage in predatory practices nor take any action
to oppress or impede the business of
any other sleeping car company."
recognized the efficiency and economy of our -operation, in
that each railroad must, as a practically desirable service
feature, have access to a pool of sleeping
The
court
holding
such as Pullman
qars
oper¬
a
in
"is
ently
pool is economically advantageous to the railroads
the public interest."It held
against us appar¬
through the development of an efficient, economical
desirable
because
and
practical
of
way
conducting
the
sleeping
business,
car
inured
which
to the "public
interest," we become in a perfectly natural and
inevitable way.the only sleeping car
company in the country—in "sole
possession of the field."
-;
,
Yet the Congress of the United
States, moving in precisely the
opposite direction to that taken in the court opinion,
recently enacted,
in the "public interest,"
legislation merging the only two remaining
telegraph companies, leaving one in "sole possession of the field."
Testifying currently to the efficiently and economy of Pullman's
operations, it is pertinent to report that in 1943 the 7,121 cars of the
Pullman
pool accounted for 30%
of
the
total
passenger
miles of
traffic
American
on
railroads,
although
they
represented
only
about
25%
in number, and 11%
in normal passenger-carrying capacity, of
all railway passenger-carrying
equipment.
Pullman cars last year pro¬
vided approximately
26,000,000,000 miles of military and civilian pass¬
enger travel compared with 10,000,000.000 miles during 1941.
These
rendered
cars
in
service
more
1943 for troops alone than they were
and civilians together in any year
time, Pullman-Standard was producing
$273,000,000 worth of essential railway equipment and armaments, the
latter consisting of ships and tanks, shells and
bombs, trench mortars,
called
of
to
upon
World
furnish
War
I.
carriages and
assemblies
At
for
the
troops
same
related parts for howitzers and
and" weldments
Naturally
shall
we
for
anti-aircraft
other
big guns,
aircraft
guns.
;
.
continue
doing our best to carry out these im¬
portant and vital war-time assignments, but it does seem inappropriate
at
this time to enforce—with no real
advantage to the traveling public,
to the railroads served, or to the
military procurement agencies—dis¬
ruption of organizations that are performing so effectively for the War
effort.—V.
159, p.
1151; V. 158, p. 2195.
net
according to
'/.//T'
year,
.'>
deduction
past
few
years,"
1941,
soared
A.
in
Kelly,
passenger
minority
Federal
all
other
-
,'
$0.64
charges
and
■
Federal
income
and '
excess
profits
taxes
.
in 1944, $939,003 in 1943, and $412,954 in 1942.
Larger Distribution—
The directors
This
15,
last.
no
par
compares
Payments in
cents each;
25
May 2 declared
on
stock,
common
May
1943
a dividend of 35 cents per share on
value, payable June 1 to holders of record
with 25 cents per share paid on March 1,
were
as
follows: March 1, June l and Sept.
and Dec. 1, $1.35.—V.
19 billion
to
77T.476
$0.85
taxes,
interests.
for
to $1,091,880
V;
771.976
$0.85
depreciation.
Note—Provision
the
reflected
772.856
,
share
for
amounted
shares
common
1
Apr. 22,'44 Apr. 24,'43 Apr. 18,'42
$655,976
$657,462
$496,098
profit
interest,
^
'
(& Subs.)—Earnings—
16 Weeks Ended—
•Consolidated
billion
military
load."
travel,
he
said,
currently
accounts
159,
for
nearly
1801.
p.
159, p.
1,
1044.
Queens Borough Gas and Electric Co.—-Earnings—
Period End.
Operating
Mar.'31-1- "V
1944—3
Mos.—1943
.
1944—12 Mos.—1943
$1,452,855
$1,349,798
$5,605,150
$5,344,796
757,096
732.961
2,827,725
2,877.585
87.497
77.090
361.826
380 5R2
1.08,391
revenues
108,664
434,384
433,607
229,200
928,049
852,790
$201,883
$1,053,166
$800,2,32
Depreciation—
Taxes
Year—
a
Pullman
The
the
or
it
will
in
in
Unless
Government's
(inc.
for
prov.
tax)
;•] 244,211
—'
Operating income
v:
$255,660
Ottier income, net——
20,183
18,901
78,471
72.216
$275,843
$220,784
$1,131,637
$872,448
186.894
187,131
748.288
748.535
4,254
income
Gross
the
given
90
days
to
decide
which
an appeal is takqn,
the final decree
four-year-old anti-trust suit will be
Pullman, Inc., the Pullman Co., which provides
sleeping cars; the Pullman-Standard Car
the Pullman Car & Manufacturing Corp. of Ala¬
officers and directors, including Alfred P. Sloan Jr.,
5,780
26,095
25,194
-
Vanderbilt
and
of
any
court—Circuit
Richard
K.
miscell.
&
expense
deductions—
income
1,810
822
7,695
5 803
$82,885
—
$27,051
$349,559
$92,916
1771.
158, p.
securities in
■
John
that
Biggs
the
company
other, and from serving
' / "'//■.
V
any
other.
Judges
Real Silk Hosiery Mills,
dividend
A
Mellon.
and directors of any one Pullman
Goodrich—directed
F.
debt
_i;
aboard
Co.,
boards
interest
premium &
-V.
_
lone-term
on
Other
Net
prohibited from holding
Herbert
was
named
service"
S.
companies
retain.
the
Manufacturing
bama, and 31
Harold
four
60 days.
suit
"personal
other.
of
group
The
$161,461
into
was
Amort, of debt discount,
on
1942
tools
course/the
car,
Inter,
are
1944
—
the wartime
Separated Within
(but
_U.:
,—
the
seven
George
1940, Pullman delivered 8.2 billion
Under the decree officers
Co.—Earnings-
Quarters Ended March 31—
Profit
of
record
Pullman, Inc.—Pullman" Group Ordered to Split Four
Companies—Court Rules Sleeping Car Services Must Be
The
May
the
Of
Pullman
r
effective
amount has been
and
to
•After
volume of military and
one-half of the total Pullman traffic volume.—V.
$2,871,528 $10,978,442 $11,059,271
declared g dividend of 25 cents per
job.
that
development of
has
Operating expenses
to
entered
payable
and
the funda¬
on
acceptance in its field by making for Itself
its trade, will hereafter be permitted to
Maintenance
business
The directors have
for himself
the
conclusion
score
quality
business
1944—4 Mos.—1932
159, p. 1697.
stock,
able
interest
superior
companies, held to exercise an illegal monopoly of
building and servicing railway sleeping cars, were ordered by a special
three-judge Federal Court at Philadelphia, May 8, to give up one
Pettibone Mulliken Corp.—Dividend No. 7—
capital
550,000
any
The
Peoples Drug Stores, Inc.—April Sales-
limitation
a
for
successful
national
the
income
Herbert S. Weston, General Sales Manager, has been elected Assistant
Vice-President.—V. 155, p. 2461.
—
the
figures increased to 10 billion in
Organized
.
this
sleeping
over
for
"In
in
concern
the first
$3,846,388
618,750
';X
Pennsylvania Sugar Co.—Official Promoted—
—V.
the
by
the first quarter total of 6.0 billion
Pullman travel volume in 1944 may be 3'/2
that
conduct
involved
1942,
"In
1943.
Period End. April 30—
$5,472,644
increase
holdings at March 31, 1944, was 62.37 shares, against
31, 1943, and 63.45 shares at March 31, 1943.—V. 159,
Sales
adapted
and in 1943 was roundly 26 billion.
If the present rate of
continues, the 1944 total may exceed 28 billion.
event, in the months immediately ahead, we may look for
the heaviest passenger burden Pullman and the railroads have ever
carried, and we are hopeful that civilian travelers will avoid adding
com¬
1944,
average
best
general
needlessly
consecutive
shown an increase over the preceding quarter.
Total at
of 211,116 was the highest of any quarterly period
June'30, 1939, when it stood at 212,358.
Total at March 31,
showed*1 an increase of 3,575 over a year ago and an increase
31,
The
p.
miles.
have
since
of
seventh
the
For
pany
tools
Outstanding
Earnings per
17%
figures
Vice-President, said.
March
$403,172
paid
;;
agreat as the total of the last pre-war year.
enormous wartime job of the nation's railroads is
Pullman
Pennsylvania RR.—Number of Stockholders Gain—
•
91,288
as
"The
^
-
$407,695
preference
times
a
amortization
Continuing its steady upward movement, the
civilian travel by Pullman set a new all-time
passenger miles during the first quarter of
preliminary estimates of this company. :
$11,204,460
470,377
$431,178'
applicable to pfd. stocks for the period—
Balance
into
grow
Pullman's
Pullman Co.—Record Traffic Volume—
;
make
perform
Purity Bakeries Corp.
—V. 159,
30,204
$923,859 $11,315,231
506,779
charges
&
Balance
Prior
:
~
$931,977
(net)
$11,174,256
-
-
-
•
income '———
Net
285,833
Interest
2,053,716
3,345,000
be
public
3,346,540
revenues
income
Balance
7,322,233
2,001,018
(net)
income
Interest
7,181,607
170,630
311,667
4j;.
.
revenues—
oper.
Gross
.
533,300
limited-term
oper.
Other
150,089
r_-
investments
Other
1944—12 Mos,—1943
$4,046,018 $50,197,128 $47,268,346
2,133,394
26,249,843
23,356,168
694,819
taxes
Prop, retlr/res. approp.
-V
the
1,223,367
Pennsylvania Power & Light Co.—Earnings—
Operating
to
and
473,000
_
to
money to
based
on
its
ates because such
1943
$14,390,958 $13,795,950
7,230,737
6,565,333
—
write-down of intangibles-
&
159, p. 1389.
Illinois—Earnings—
income
Other
;
of
taxes
income
$440,497
290,015
1867.
p.
contractor
a
own
was
obtain the economies and
such activities.
159,
Puget Sound Power & Light Co. (& Subs.)—■Earnings
.
-
board
1944
Operation
;
common
per
the
profits, less post-war credit
operating
$403,204
268,618
profits taxes-
exc.
of
——
misc.
deprec.
interest
—V.
&
int.
:
income
Net
Earnings
also V.
See
income
Gross
be
will
and
1944
depl.,
deprec.,
inc.
share.
per
President of the Minnesota Valley Canning Co.,
member
———
excess
for
Other
under¬
an
a
income
Federal
Net
charges
Prov. for
cents
—_
local
Prov.
Pennsylvania Glass Sand Corp. (& Subs.)—Earnings—
other
40
revenues ——
Maintenance
,
3 Mos. End. March 31—
Profit
of
Operation
A'
shares now
150,000
business
the
1768.
p.
of
close
agreement,
'purchased
It is anticipated that the first payment
1944, and will cover two quarterly payments
total
a
Service Co. of Northern
Operating
under¬
to
elected
Public
which
the
at
1,
or
to
seem
considerable
of
3 Mos. Ended March 31—
the
1944,
list upon
shares
cents.
Aug.
each,
Edward B. Cosgrove,
applied
amount
convertible
shares
80
on
able
The
has been
exercise of the conversion right of the $1.25 cumula¬
preferred stock.
The shares of common stock are
remain after the conversion privilege of the pre¬
ferred shares has expired at the close of business on May 5, pursuant
to a notice of redemption mailed to all preferred shareholders under
date of April 14, for the redemption of all of the outstanding preferred
tive
.those
cents
would
of
monopoly, but if the prohibition in this decree is extended in a broad
way, it would seem to follow that no service institution that has been
1697.
•;
the listing of which
for
granted is included in the
■
made
20
■>
V'?
number
Articles
Pillsbury Flour Mills Co.—New Director—
Exchange has changed the authority previously
writers.
The
the
right of
puts his
fact,
meeting of the board of directors, held on March 22,
a
of
rate
be
of
p.
shares.
474,460
At
amend
.7
Incorporation and the by¬
laws,
the company's stated capital from $1,467,760 to
$733,880.
Effect of the changes is to create a capital reduction sur¬
plus of $254,909 as of Jan. 1, 1944.
Before amendments voted by stockholders at the
April 24 meeting
become
effective, certain
legal formalities must be complied
with
and on
completion thereof, directors will give consideration to re¬
sumption of dividend payments on the preferred stock at a reduced
granted for the listing of 150,000 shares so as to authorize the listing
of 104,176 shares of common stock ($1 par)
upon official notice of
issuance
stockholders.
common
proposals
and reduce
the
on
there
matters
think this decree involves
we
.
York Stock
The New
the
payments
The
Listing of Common Stock—
V
dividend
of
94%
A total of 78,126 shares was taken by holders
May 15..
example,
decision
participating preferred stock.
Pro¬
posals were unanimously approved at the meeting by approximately
87%
of the preferred stockholders voting as a class; and by about
of
tion
other
interest,
mental
On
April 24, the stockholders at a special meeting approved pro¬
posals designed to remove legal barriers which have prevented resump¬
business,
car
subsidiary
the
upon
of the sleeping
judgment some
For
Pig'n Whistle Corp.—To Pay Preferred Dividends—
portion of 104,176 shares as at March 27, 1944, to which
of the $1.25 cumulative convertible preferred
stock, called for redemption on May 15, had the right to
on
man, Inc., elect to. continue through its car
manufacturing
the building of sleeping
cars, it could not operate them.
In addition to the direct impact of the decree
1697.'
p.
holders
5.
2013
Jr.,
Albert
companies
B.
file
a
Maris and
plan for the
separation
within a year.
If the plan is not acceptable, the judges
said, the court itself will make a proposal.
At present
the servicing company has "exclusive right" contracts
of
accumulations
on
$1.75
per
the 7%
Inc.—$1.75 Preferred Div.—
share
has
holders of record May 10.
made on March 9, last, which
June
to
1
was
Dec.
11,
and
at
1943,
Arrearages
share,—V.
compares
March 6, 1942.
April 1,,. 1944, were
484.,
p..
A distribution
with
$4
of
account
on
par
$100, payable
of $8.50 per
each
share
paid
on
on
as
159,
declared
been
cumulative preferred stock,
.
.
..
.
.
said
to
amount
to
/V4
$60
per
,
.
.
Net
iprofit
•Earnings
•On
per
429,453
common
$88,598
$0.21
shares of common stock.—V. 159,
$74,390
$0.17
with
ice
p.
1768.
railroad
must
the
Charles D.
Co.—Changes in Personnel—
I.
Boies, Comptroller, has been elected Treasurer, and Allan
Manager, has been appointed Secretary,
They succeed
filled
who
O'Bryan,
both
posts
for
the
past
21
years.
Production Superintendent of this company,
has been named Vice-President, General Manager and elected a direc¬
tor of Carlisle Tire & Rubber Co., in which Mr. Pharis has a con¬
J.
A.
Warrell,
former
trolling interest.—V. 159, p. 1389.
Philadelphia
Earnings—
Dairy
«—V.
p.
The
$63,045
,
p.
$676,281
or
..
associate.
The
manufacturers
their lines/the
alternative being for
own
servicing
with
company
specifications
was
for
directed
any
new
to
furnish
cars
it
other
car
desires.
Statement by President in connection with decree in
anti-trust suit—David A. Crawford, President of Pull¬
man,
Inc., issued the following statement:
decree
entered
in
the
District
Court
What
action
the
until
of
Pullman
group
of
companies
will
take
cannot
be
business.
have
we
Co.—Weekly Output—
this
for
company
and
its
subsidiaries
1944, amounted to 121,112,000 kwh.,
5.9%,
•
over
'
I
an
for
We
„the
increase of
the similar period last year.—V. 159,
•
•
Elected—
R.
1868.
(
■
,
j.,
|
our
:
1
can
say,
Corp. of America—Volume of War Production
Rose in First Quarter, But Net Profit after Taxes Drops—
The
corporation has developed for the armed forces
electron
new
and
tubes
manufactured
by
any
approximately
one
before
the
300
war,
Chairman of the board
of
meeting
RCA
more
than
150
types of apparatus not
Lt.-Gen. J. G. Harbord,
May 2 at the 25th annual
of RCA, disclosed on
stockholders.
He reported that unfilled orders
backlog of approximately $300,000,000.
for
RCA products form a
General
Harbord, speaking for the directors in the absence of Col.
David Sarnoff, President of RCA, who is overseas on active duty with
the Army of the United States, announced a gain in volume of produc¬
tion ox the company in the first quarter of 1944, but revealed that net
Federal
after
profit,
income
taxes,
$2,401,000—a
was
decrease
of
$199,000, or 7.5%, compared with the same period last year.
at
Philadelphia is not a
consent decree and either party may, as a matter of
right, take an
appeal from its provisions to the U. S. Supreme Court.
$694,046
Conover, Manager for Public Relations, has been elected
ViPresident in charge of Personnel and Public Relations.—V. 159,
p.
their
had
opportunity to make a thorough study and
analysis of the effect of the provisions of the decree upon the conduct
New Vice President
George
all
over
the
stated
output
May 6,
kwh.,
1868.
1944—12 Mos.—1943
$69,256
2258.
electric
6,727,000
Subs.)—
■,-•-.,■•7%
1944—3 Mos.—1943
1
Philadelphia Electric
Week ended
(&
\
net income
158,
Inc.
it
.
The
Period End. Mar. 31—
Consol.
Co.,
Products
use
provide
to the
While
Credit
Fisher,
William
to
to
sleeping cars and service without
pool of Pullman sleeping cars.
manufacturing unit had no exclusive right contract, it
supplied the servicing unit with sleeping cars.
Henceforth, the court ruled, the servicing company may acquire new
cars
only through open competition and not exclusively from its
access
Pharis Tire & Rubber
companies under which railroads desiring Pullman serv¬
agree
railroads
Radio
however, that under this decree, if finally sustained,
Earnings
come
per
a,
car-building company, must be effected-.
One of these operations must
be disposed of and the decree gives
Pullman, Inc.; the right to make
the choice.
Pullman, Inc., may through a subsidiary either operate
sleeping;,cars or it may manufacture them, but not do both.
For
example, should it elect to continue the sleeping car operation it could
no longer be the maker of the cars—the tools used in
rendering to its
railroad customers the servic it contracts to deliver.
Should Pull¬
common
share of
stock
before
estimated
Federal
in¬
taxes for the first quarter in
common
Federal
1944 were 69.3 cents, while earnings
share after the taxes were 11.6 cents a share.
Estimated
were 57.7 cent's per share.
A year ago, the first
income taxes
share before Federal income taxes were
the taxes 45.7 cents per share, and after taxes
quarter earnings per common
cents per
58.6
share,
12.9 cents per
were
separation between The Pullman Co., which operates the sleeping car
.business... and Pullman-Standard Car Manufacturing Co., the associated
per
Harbord
General
RCA
share.
manufacturing
declared
plants
that
was
volume
of
products
revealed
in
have
and
services
increased
to
of
$222,-
000,000 in 1943v or 73% over 1942, and unfilled orders total a backlog
of approximately $300,000,000, he reported.
"It
is
the basic policy of the company in
"to
reduce
are
final
the
prices
and lower
its war effort," he added,
of manufactured equipment as fast as designs
costs in manufacturing are possible.
As
a
result,
voluntary price reductions and refunds to the Government apart from
renegotiation proceedings, totaled upwards of $22,000,000
in
1943."
Gross income from
Other
$78,450,100 $67,042,791
"358,708
241,175
operations—
income
1942
$43,929,445
212,265
declared
also
directors
The
Subs.)
Earnings for Quarter Ended March 31 (Incl. Domestic
1944
1943
$78,808,809 $67,283,966
Cost
of goods sold, gen. oper,, devel., sell. & admin, exps.—66,456,154
35,539,890
1,273,818
patents—206,250'
459,602
Depreciation
519.879
51,044
——--
Amortization
of
Balance
Normal
profits
Balance
for
share
shares)
(13,881,016
payable July
refund
V
1597.
3,249,800
$2,666,733
804,317
_
$1,862,416
$1,791,845
—
$0-12
.
tNet after
V. 159,
1943.
1944 and $521,000 in
in
$0.13
$0.13
•
subsidiaries of $40,250.
from foreign
$715,400
of
803,066
common
.
expenses
$716,381
$738,594
$232,757
$294,286
6,540
21,221
said,
Wysor
Mr.
$239,297
$159,815
communication
"15,724
*14,711
Net
19,077
14,332
36,902
31,703
$283,087
$218,039
$707,189
$690,347
•.
Extraordinary income—
30
.——
30
5
*
326
Earns,
'
share-
com.
•
**
-
$283,087
$218,064
$707,189
$690,051
200,750
143,800
503,450
455,200
$82,337
income
$74,264
$203,739
$234,851
net
from
—
in 1942.
charged at the usual rate
$28,290 in 1944 and $44,682 in 1943. '
(3) Shipments during the first quarter of 1944
than those for the same quarter of 1943.
Reduces Press
A
in press
nounced
and
States
William
by
rates on radiotelegraph-traffic between
effective May 1, was recently an¬
Australia,
Vice-President
Winterbottom,
A.
General
and
out
Worked
collaboration
corporation in
by this
and
direct
little
was
more
the United States
radiotelegraph circuit between
established
than
two
and Aus¬
by RCAC for the first time on Dec. 25, 1941, a
weeks after the Japanse attack on Pearl Harbor.
between the two
countries had to be routed via Canadian or British circuits. Because
Australia quickly became the chief focal point of the Pacific war,
to
Prior
that
time,
and Melbourne
telegraphic
all
also opened a
RCAC
Rose's 5, 10 & 25-Cent
Period End. Apr. 30—
direct radiophoto service between San Francisco
March 20,
on
communications
1942.—V.
surrender
of
voting
See Detroit Steel
Corp., above.—V.
Fiftly-Owned
Except
Subsidiaries,
revenue
Net
and his associates, have purchased from the Continental
a wholly-owned subsidiary of Youngstown Sheet & Tube Co.,
holdings in Republic Natural Gas Co., amounting to 129,162
shares, for $1,800,000 or approximately $14 per share.,—V. 159, p; 774;,
V. 158, p. 2196.
M
entire
banks.
-
The purchasers of the bonds are Metropolitan Life Insurance
Co.,
Equitable Life Assurance Society of the United States, New York Life
Massachusetts
New
England
Canada, Mutual
Life Insurance Co, of New York, Penn Mutual Life Insurance
Co., and
Co.
...
is calling for redemption on June 17, 1944, all of its
general mortgage 4V2%
bonds and for redemption on
June 5, 1944, all of the outstanding Gulf States Steel Co. first (closed)
company
The
trar
Chemical
Bank
&
Trust
Co.
All
of its previously
paid.
has
been
and
-
,
outstanding
1942
1943
$1,362,960
203,802
'7,424,064
$5,445,382
$3,772,344
$4,062,072
47,112
41,361
36,575
notes—
94,204
depletion and depreciation
1,376,100
100,896
1,288,240
111,208
1,282,753
and
interest
corporation has called for
outstanding
1961,
at
104
accrued
redemption on June 17, 1944, all of
4V2% bends, series B, due Feb. 1.
interest, and all of its outstanding general
mortgage 4y2%
78,388
!
on
debs, and serial
write-oifs
and
oil
and
bonds, series C, due Nov. 1, 1956, at 104 and accrued
Holders may obtain immediately the full
redemption price
issues, with accrued interest to June 17, at the principal office
Chemical Bank & Trust
Co., trustee, 165 Broadway, New York, N. Y.
of both
income
of
first
$1,062,825
$1,101,666
344,320
347,452
be
redeemed
on
44,144
36,849
184,658
44,144
depreciation
of exp.
184,714
together
interest!
June
with
accrued
interest
to
redemption
obtained upon presentation of the bonds to the
trustee.
for
16,075
28,443
date
may
be
'
Declares Common and Preferred Dividends—
on
directors
the
r/COZ
n
common
inc.
198,802
237,660
for
rn,e
May 10 declared a dividend of 25 cents per share
stock, no par value, payable July 3 to holders of
f Jlke amoUnfc was Paid
174,000
prof,
exc.
taxes—
$3,717,359
898,300
$1,754,359
—
$2,130,225
1,963,000
taxes—
before
$1,231,925
of
$2,457,536
inc, and excess profits
—
-
stock
common
at
981,348
$1.78
outstdg.—
;
tax
in
rates
effect
at
*
1,157,500
$1,300,036
981,348
981,348
$1.25
$1.32
quarter.—V. 159,
of
close
1st
/ Period—
.
Recovery
Quar.
1944
4th Quar.
1943
.
51,756
$253,354
$224,748
$4.17
$3.22
$57,905
*$669,047
ton
per
Operating cost
ton
per
Operating profit
current
assets
"Ex.reserve for
$4.34
$3.50
$43,462
$620,591
Solar Mfg.
taxes.—V. 159, p. 774.
Corp.—Sales Increase1944
1943
$3,596,868
$2,504,597
First Quarter of-
Sales
■
60,782
milled
Production
365,407
&
—
—V. 158, p. 777.
income
Net
dividends
stock
—V.
p.
—
68,752
68,752
68,752
dividends
$413,883
$259,253
$237,977
—_
stock
Common
Preferred
210,000 /
210,000
South Bay Consolidated Water Co.,
157,500
:.
159,
880.
"
—
'
7
--
•
.
Operating
$417,237
$349,337
$4,817,191
$3,774,717
183,534
revenues
Operation
140,807
2,148,846
Years Ended March 31*-*
■-
*•
•
Operating revenues
-=
Inc.—Earnings—,
1944
and
$497,919
335,264
$169,889
taxes
1943
$516,411
346,522
* -
———
15,245
240,393
204,025
:_
34,158
34,800
•408,019
89,586
65,328
882,501
$162,655
'
Net
28,965
26,840
336,814
315,971
$61,071
2,433
$66,317
Dr508
$800,618
9,513
•Drl7,464
$63,504
$65,809
$810,131
revenues
oper.
income
Int.
(net)
—
dividend
dividend
Preferred
32,486
399,535
378,211
$410,596
$340,760
149,115
60,000
requirements——149,115
"Includes provision
(1943,
$718,971
$33,323
requirements
1944 (1943, $430,068)
538
on April 3,
last, and'on
Net
loss
—
^
60,000
for estimated excess profits taxes of $769,891 for
after deducting estimated post-war credit of $85,-''
$47,779).—V.
$27,623
159,
1901.
p.
—
Balance
Sheet As
materials
i*.■''/'•/■/
1
April 3, '43
$7,943,343
$8,107,828
5,754,155
5,730,077
247,352
270,655
Net sales
Mat., wages, local taxes,
April 4, '42
$2,107,096
$2,804,620
April 1, '44
etc.—
Depreciation
$1,941,836
5,952,258
274,438
1,293,320
1,160,866
freight paid on goods sold
$9,031,316
■'
1,696,998
Of March 31, 1944
and supplies, $25,916; prepaid taxes,
charges, $79,652; total, $7,205,804.
preferred
/-/v/;';:.
:V/
,v
South Coast Corp.—Bonds Offered—Paul H. Davis &
Co.
and
associates
on
May
8
$813,776
.31,659
17,060
$1,107,622
17,083
$812,629
$830,836
$1,124,704
$780,970
Other income
;
bef. Fed.
and State taxes_
Prov. for Federal and State in.
and
prof, taxes
,
389,465
308,497
*116,875
294,756
excess
132,768
228,156
Net
on
p.
$321,602
$340,349
$441,300
$0.48
$0.51
0.45
0.45
0.45
$9,811,554
$9,298,390
3,021,034
$9,257,484
3,114,599
share
share-
liabilities
159,
65,783
2,653,473
common
Dividends paid per common
Current assets
—V.
$507,083
65,115
$385,105
preferred shares-
earnings for common shares-
Earnings per
$405,464
63,503
Net earnings
,
1390.
$0.61
,
&
Co., Inc.; Gray, McFawn &
Co.; Paine, Webber, Jackson
Alstyne, Noel & Co.; Seharff & Jones,
Dickson & Co., Inc.
.*■"/.
bonds
The
are
it
was
Patterson
to
and
on
May
1
that
this
company
and
as
a
its
~
1947,
at
103;
1946, at 103 V2; thereafter, to and including Dec. 31,
thereafter, to and including Dec. 31, 1948, at 102y2;
including Dec. 31, 1949, at.,102; thereafter, to.and
and
including Dec. 31, 1950, at 101V21 thereafter, to and including Dec,. 31-,
1951, at 101; thereafter, to and including Dec. 31, 1954, at 100V2and
thereafter, at 100, in each case plus accrued interest.- Bonds are also;
subject to redemption with moneys in the sinking fund at 102y2, plus
interest, up to and including Dec, 31, 1948, and thereafter at redemp--;
tion prices otherwise applicable.
Annual sinking fund commencing in
1945,. an amount equal to 25% of the "sinking fund earnings," as
defined iii the indenture, for the preceding fiscal year.
.
. ;
■
Adrian, Mich.—Consolidation-
which has heretofore operated
•■'./// /'■
including Dec.. 31, 1944, at 105;
1945, at 104; thereafter, to and
Purpose—Net proceeds to be received
announced
Division,
redeemable
Co.; Dempsey& Curtis; Van
Inc., and R. S.
including Dec. 31,
$1,355,347.
Schwarze Electric Co.,
first
1955, at 100 and interest. Participating in the offering
Sidlo, Simons, Roberts & Co.; A. C. Allyn & Co., Inc.;
Kalman
thereafter, .to
Dividends
$1,500,000
are
thereafter, to and including Dec. 31,
taxes
for Federal
offered
(closed) mortgage 5% sinking fund bonds due Dec. 31,
Detmer &
Balance
insurance, etc., $3,365;
stock ($100 par), $1,044,400;
common stock
(7,500 shares par $100), $750,000; long term debt, $3,*
091,000; demand note payable to Federal* Water & Gas Corp., $403,191;
due
to
parent company—New York Water Service Corp.—loan ac¬
count ($475,000) and accrued interest thereon, $515,892; current lia¬
bilities,
$155,616;
deferred liabilities, $40,005; depreciation reserves
(including credit of $233,000 recorded by charge to utility plant prior
to recording appraisal),- $845,736; other reserves, $2,291; contributions
in aid of construction, $115,068; capital surplus arising from appraisal
of
property,
$563,599;
earned deficit,
$320,995;
total,
$7,205,804,./
cumulative
Liabilities—6%
V. 159, p. 2196.
3 Mos. Ended—
stock
$35,759
plant (including intangibles aggregating $657,056).,
$6,908,813; special deposits, $1,007; cash, $113,488; accounts receivable
(less reserve of $3,465),
$28,001; accrued utility revenues, $45,563;
(& Subs.) —Earnings—
Scott Paper Co.
Earns,
198,413
197,513
—
Assets—Utility
deferred
Z
31,261
Balance
Debenture
$736,435
$32,243
amortization—
and
•
deductions
549,408
19,924
Other taxes
Other
earnings
•"396,636
taxes-
„—
Depreciation
income
Net
Income
1,572,242
-
Maintenance
Federal
1944—12 Mos.—1943
1944—Month—1943
Period End. February—
on
April 2, July 2, Oct. 2 and Dec. 20, 1943.
-
-
211,622.
1082.
Tons
23,858
bonds
on
for
Current
The
un-
Sladen-Malartic Mines Ltd.—Earnings—
182,390
retired
of issues of bds., etc.
deductions
Provision
Prov.
5, 1944,
at 103%
and accrued
Redemption will be made at the principal office of the trustee
City
Bank Farmers Trust
Co., 22 William St., New York, N. Y.
Immediate
payment,
of
properties,
210,607
Net Income
$1,384,129
354,447
44,144
_
debt
funded
on
(closed)
mortgage sinking fund 4%%. bonds, due
Oct. lo, 1961, of Gulf States Steel Co. are
being notified by Republic
Steel Corp., successor
company, that all of these bonds outstanding
will
ex¬
-
Shares
15,916
income
capital
Gulf States Steel Co. Bonds to be
Redeemed-r—
Holders1
gas
Earnings per share
$1,368,213
20,896
interest.
of
^
of discount and
.
general mortgage
and
income
—
amort,
"Prov.
$1,640,829
179,051
93,565
$1,080,770
Gross profit on sales
Distrib., admin, and gen. exp., incl.
4%% Series B and C Bonds Called—
its
:
$3,463,216
598,856
taxes
p.
22,585
r
.
appointed trustee, regis¬
first mortgage sinking
paying agent for the $50,000,000 of
fund bonds, 3J/2% series, due March 1, 1964.
The
643.
p.
7,070,045
___
—
Net
Co.)
outstanding
mortgage sinking fund 4xk % bonds.
five-year serial notes also have been
15
June
159,
$3,319,045
453,299
developed
Changes
Saguenay, Electric
73,170
income
Balance
,
Insurance Co., John Hancock Mutual Life Insurance
Co.,
Mutual
Life Insurance Co., Aetna Life Insurance Co.,
Mutual Life Insurance Co., Sun Life Assurance Co. of
The
15,
Savannah Electric & Power Co.—Earnings—
Bonds Placed Pri¬
$50,000,000 of first
series, due 1964, at
N/2% to a group of
11 insurance companies.
The sale was arranged through
Dillon, Read & Co., Glore Forgan & Co., and Lehman
Bros, acting as agents.
The company has also consum¬
mated serial bank loans aggregating $24,500,000
due
over a period of seven years with its regular commercial
Insurance
on
8,881,958
Operating expenses
Life
share
per
of record
15, last.
Pay¬
and Sept. 15, 40
March
$4,566,048
879,334
Cancellations
.
Mutual
on
expenses,
—
income
Prov. for
this
company,
Connecticut
Dividend—
cents
40
1944
1943
1942 ?• >:
—$13,448,006 $10,389,090 $10,887,300
general
etc.
Total
1944—4 Mos.—1943
$2,800,896
1944
income
Prov.
Republic Steel Corp.—$50,000,000
vately—Corporation on May 5 sold
mortgage sinking fund bonds, 3%%
the face amount plus a premium of
March
cents.—V.
60
Non-operating charges
$1,040,240
operating
Other
Premium
Supply Co.
its
and
oper.
penses
$1,396,342
282,932
—
Operation, maint., admin., etc.
Taxes (other than income taxes)—
Amor,
159, p. 1290.
that W. H. Wildes, President of
April 29
15,
made
was
follows:
as
of
Cur¬
taxes,
Saguenay Power Co., Ltd.—Earnings—
Exchange
on
were
dividend
a
distribution
and Dec.
"Calculated
Interest
Republic Natural Gas Co.—President Acquires Addi¬
announced
1943
Dividends,
including cash
$4,770,688.
B.
*
was
in
210,000
291,332
'
,
value, payable June 15 to holders
par
no
similar
A
declared
have
stock,
each;
taxes,
Ressler, Vice-President, will go to the executive office in
Chicago where he will be in general charge of sales in all territories.
Ainslie Y. Sawyer, Assistant to the President, has been elected VicePresident.
Harry W. Treleaven, Assistant Manager of the New York
plant, has been named Manager.
Thomas Z. Hayward becomes As¬
sistant General Manager of sales.—V. 145. p. 291.
Total
Merger—Earnings—
tional Stock of Company—
It
"
Quarter End. Mar. 31—
.Net
Reliance Steel Corp.—Proposed
210,000
—
•
Operating income
Ryerson & Co., Inc.—Personnel
(Joseph T.)
Harold
Operating
trust certificates at the
Boston
Safe
Deposit and Trust Co., agent, Boston, Mass., holders
thereof will receive in exchange shares of no par stock represented
thereby.
The voting trust agreement dated April 2, 1934 expired
April 2, 1944.—V. 159, p. 113.
and
103,09.3
$559,669
'291,402
etc.
12 Mos. Ended March 31—
presentation
104,853
$573,383
*
$46,866
31.93%. less
were
of
8,793
$40,526
11,578
.
stock—
directors
Costs,
$3,300,252
$781,313
"
:_
_____—
Gross oper. income--^.
Stores, Inc.—Sales-
$929,746
(Including
1597.
159, p.
Regent Co.—Voting Trust Agreement Expires—
Upon
securities
1944—Month—1943
Sales
$662,762
Skelly Oil Co. (& Subs.)—Earnings—
„
Federal and other
ratio of 1.90 to 1.—V. 158, p. 2475.
a
3,863
$678,244
$658,899
with Amalgamated
Co., Ltd., of Australia, the reductions are: between New York
Australia, from 14y2 cents a word to 9 cents; and between San
Francisco and Australia, from 12 cents a word to 5 cents.
Wireless
A
$3,877,903,
7,341
stock
common
cents
and amounted to
March 31,
on
143,786
166,604.
$0.39/
for
provision
including
$670,903
$49,319
358,445-
—-
159. p. 1802. V
ments
—V. 159, p. 1597.
Manager.
tralia
to
$7,378,787
Government
and
banks
in
$48,199
1,120
1,360
158,099
167,302
Simonds Saw & Steel Co.—To Pay 40c.
«
$82,595
,
.
was
amounted to
assets
and
liabilities,
>
,
CY5,082
13,878
$57,085
deductions
income
Int. and
Rates—
sharp reduction
United
hand
rent
amounted
V
'
—V.
income, Federal capital stock*-and
for March quarter amounted to $368,830 in 1944,
taxes
income.
249,410
258,354
,
14,018
(net)—
oper.
Preferred
for Federal
1943 and $376,475
Depreciation
,
•
11,070
income
.
24,613
7/:
tax,
accruals:•*:■
reserve,
Income
1942 '
-1943
1944
$0.49
franchise
profits
$2,540,380
937.885
125,639
$2,579,186
932,213
' 134,324
249,335
267,007*
22,261
22;900
(credit)
Retire,
May 20..
$0.44
on
surplus—
•Loss.-
the
excess
//Gross, income
$8,189,967
5,670,561
$1.35
share—
$749,237 in
78,537
12,295
3,692
Fed.
Inc.—Earnings—
Provision
79,471
20,703
.
—
1
1944—12 Mos.—1943
$194,704
normal >& -surtax-
The
common
per
Notes—(1)
for redemption either
,7/
$213,941
/
taxes
Fed.
8,025,000
$4,716,962
5,670,628
$0.74
$98,559
Earnings
.••:
1944—Month—1943
.*
„_
Maintenance
•
$90,167
Current
transferred
inc.
earned
to
revenues
Operation
'General
Net
Quarters Ended March 31—
income, aft. all chgs. and taxes
(2)
_•
income
Net
Period End. Mar. 31—
Operating
the
-
in
or
drawn
whose certificates were
part.—V.. 159, p. 48.
.
Sierra Pacific Power Co—Earnings—
v
1390.
p.
redemption of such shares were mailed on May
stockholders of record at the close of business on
the
to
those
1944,
whole
Other
$2,216,611 / $3,666,557
5,669,922
5,669,922
$0.30
$0.56
shares outstdg.
per
159,
State
Extraordinary income—
Charges
to
29,
'1942
-18,000,000
Net
Credits
•■
17,450,000
9,725,000
——
Ritter Co.,
__
respect
1944,
in
(Incl. Subs.)
1943
'
$722,050
$744,091
$232,371
$302,164
income
from ordi¬
—
profit
Common
*7,248
——
Gross ordinary
income
1944
profits taxes—
cess
—V.
Net
with
April
Common
Ordinary income—Non-\
Deductions
on
.1,
1941;,.
Profit after minor, int. $16,946,482 $27,035,170 $27,443,492 $20,367,444
Interest on funded debt
760,501
933,3781,022,208 / 1,070,930
Deprec.
and deplet.
4,244,370 ' 4,985,235 * 3,704,322 7 "3,081,547
$736,761
"6,926
•
recently announced that 4,950 shares of 5% cumulative pre¬
stock,-series AAA, par $100, have been drawn for redemption
June
1, 1944, at $105 per share plus accrued dividend.
Notices
was
and
Earnings for Quarter Ended March 31
3 Mos. End. Mar. 31—
20,388
15,126
$309,412
nary
It
Stock
Co., Cleveland—To Redeem
*Sherwin-Williams
ferred
while it had been expected that
there would be a decrease in orders in some important products after
June 30, the Maritime Commission just a few days ago stepped up its ;:
requirements for plates for that period.
He emphasized
that steel prices are frozen, that labor and other
costs have increased,
that there has been a considerable amount of
inflation already, and that as a result Republic is barely above the
break even point on many tonnages and is not breaking even on bars,
plates, wire products, etc.
- - '
T. M. Girdler, Chairman, said the Republic organization and plants
are
in
fine shape.
Mr. Girdler also pointed out that the recent
financing was unusually favorable for the long pull and would result
in a saving of more than $700,000 a year in interest charges.
quarter,
the announcement said.—V. 157, p. 734.
sonnel,
!
operating
Federal income and ex-
communication
income
Deductions
■
Capacity Output—
is
corporation
Corp., which company -has acquired all the assets, assumed all the
liabilities, and undertaken the fulfillment of all contracts of Schwarze
Electric Co.
There will be no change in ownership or operating per¬
,
10.
to holders of record June
1
Electric
will from and after that date be operated as Faraday
nership,
$1.50.
of
on the 6% cumpar $100, both
Utility
1944—3 Mos.—1943
$2,107,011 $1,951,147
1,368,417
1,234,766
1944—Month—1943
$761,507
$655,779
467,221
423,022
revenues—
oper.
Other
dividend
quarterly
Communications, Inc.—Earnings-
R. c. A.
period End. Mar. 31—
oper.
t4,695,500
usual
at better than 100% of rated- ca¬
pacity and is likely to continue at a high rate until after Europe is
invaded.
Thereafter, there should be some release of steel for. civilian
requirements, R. J. Wysor, President, told stockholders at the annual
meeting on May 10.
He added, however, that the manpower shortage
was
becoming a great problem and that it might affect operations
during the .'summer months."'
::y ■■/.'/::r:v
Orders for steel indicate the demand will continue large into the
The
third
$2,594,911
$1,613,034
stock-/——
on
•Includes dividends
post-war
—
.
common
per
^^JOO
f6,645,000
1,;
quarter
dividends
Earnings
$7,564,533
$8,936,111
$2,401,234
788,201
tax
Net income for the
Preferred
$10,412,984
1,366,750
_
_
surtax
and
tax
Excess
Total
___
„„
—
56,751,870
869,856
206,250
Interest
Total
$44,141,709
the
per share on the 6%. cumulative preferred stock and
ulative
convertible
prior preference stock, series- A,
Exceeds Rated
Total gross inc. from all sources-
p.
Monday, May 15, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2014
Stanley
&
limited part-
Approximately
$970,248
of
will amount to approximately
such net proceeds will be
to the redemption of $948,898 general mortgage 15-year eyeincome bonds,
due Sept. 1, 1950.
Balance will be used to augment
cash working capital.
.
'
'
applied
.
Volume
\ Number 4281
159
THE COMMERCIAL & FINANCIAL
Capitalization Upon the Completion of This Financing
'
«
"■
v1;
:■
due
Dec.
Preferred
mortgage 5%
stock
$1,500,000
30,000
—
$100 per
(par
were
Outstand'g
share) (shares)
share) (shares)!—
(par $1 per
$1,500,000
in
35
The
1944.
513
in
1938,
523
in
1943.
in
413
of
number
1939,
in
489
h*
Cost
of
Gross
Other
general
545,077
399,348
Cr3
169
$413,577
283,196
income
income
Income
before' taxes
Profit
normal
Federal.
excess
State
income
Post-war
profits
$696,774
-V.
$600,709
■l
159,186
239,GOO
amount
of
amount
follows:,
as
requirements
Paul
H.
A.
C.
bonds
the
on
severai
Davis & Co.
Denver
$2,211,607
each
$346,709
«
1598.
p.
bonds
offered
now
Detroit
$2,700,300
agreed
and
to
the
New
125,000
R.
S.
of
Jones, Inc.
Southeastern Greyhound Lines
(& Domestic Subs.)—Earnings—
1944
——
Total
oper.
revenue—_
Total
oper.
and
$5,016,670
sold___i
goods
1
——_—
credits
.
$6,168,895
charges
__—
taxes——
1,222,100
1,190,529
excess
profits tax__
2,672,900
rents
$2,163,519
for
period—
on
$4.50
on
common
cumulative
preferred
other
included
accounts
the
for
Electric
373,491
1,758,356
104,518
98,453
$1,713,062
$8,487,565
2,790
35,697
790,819
$0.61
$1,812,758
$8,523,262
The
6,504
21,627
95,328
447,330
■
1,250,544
5,951,259
in
betore
25,619
121,351
75,625
Crl33,580
Crl25,054
Cr280,860
Cr374,191
$462,911
$2,262,554
$1,676,904
$1.81
$1.71
$8.34
$6.18
—V.
v
income
per
share__
com.
159,
Canada
Power
Period End. Mar. 31—
expenses
1944—Month—1943
arriving
earnings
159,
expenses
1803.
p.
'*
;
Period—
$1,582,421
$1,601,535
88,201
620,217
520,473
$180,128
$962,204
$1,081,062
do
not
include income
and
excess
—9 Days End. April 36—
1944
8,370,043
1944
106,827,122
Operating
$604,871
600
2,100
$169,017
$602,771
331,480
181,858
87,588
159, p. 1699.
$27,837
V
$89,433
$108,060
50,065
:
14,007
1944—3 Mos
66,610
Co.- -Earnings—
1943
$
'Operating
revenues
/Operating
36,203,192
.
22,320,870
expenses
,r;
<g
■
$ v V",",
32,869,911 141,183,346 124,568,944
19,814,376
90,121,496
78,711,576
•Fed. income and excess
taxes
(Qther taxes
Net
Other
income,
16,895,633
10,715,873
10,066,505
4,924,068.
214,043
19,018,653
531,357
4,498,601
4,710,025
709,447
796,728
18,487,296
2,899,083
18,415,002
3,443,481
income
4,739,675
Interest deductions
241,074
(Dr)
net
—
.
Net
income
*
Dividends
...
* After
480,228
^
3,789,154
4,117,500
3,913,297: .15,588,213
4,117,500
16,470,000
Standard Oil Co. of California
Quarters End. Mar. 31—
15,795,000
received
1943
1942
-173,563
154,659
.184,134
income—400,461
426,928
494.592
____________
income—__■_
net
—_
Depreciation, deplet.
Interest
■
Federal
.
on
and amort.___
long-term debt___
income tax
(estimate)—
Consolidated net profit—!
Earnings
per
share——
—
—
$25,657,508 $17,335,198 $13,552,652
9,397,588
6,887,639
5,108,387
237,313
237,312
237,313
8,200,000
3,800,000
2,750,000
$7,822,607
$6,410,246
A
do
in
business
customs."
$0.60
dividend of 50 cents
per
$0.49
share has be<fc declared
on
$0.42
the
capital
stock, no par value, payable June 15 to holders of record May 15.
A
will be provided
purpose
unissued.
Dec.
31,
1943,
1943,
carried in
were
a
its balance
1943
1942
$268,321
$196,213
10,987
1,515
23,400
54,993
*$445,881
*$269,836
<$219,614
*$190,693
share.
1941
$135,700
Inc., above.—V. 159, p. 1391.
Co.—Earnings—
1944—Month—1943
1944—12 Mos.—1943
$636,458
$569,768
$6,915,496
$6,008,678
256,999
3,546,106
38,038
33,032
425,732
2,865,751
366,071
46,930
42,761
546,241
530.380
—
income
on
81,900
83,009
35,833
35,833
775,347
430,000
430,000
$124,831
$118,142
$1,192,071
$1,181,975
171
68
2,694
5,811
$125,002
$118,210
$1,194,765
$1,187,786
accruals
income.
oper.
net
deduc.,
634 500
interest
3,065
732
28,283
14,220
________
income
$121,937
$117,479
$1,166,482
$1,173,566
Preferred
dividends
dividends
26,250
70 000
956,421
paid
'986,303
Terminal Railroad Association of St.
Louis—Tenders
The
Lago
Petroleum
capital
May
stock,
15.
Corp.,
99J/2%
owns
10
declared
$25,
50
Consolidated
Fairfield
both
each
the
of
and
p.
Co.
12
paid
director
a
of
June
are
capital
stock
stock held.—V.
The
International
held
now
15
of
of
159, p.
$15
for
Central
1804.
Earnings
Depreciation
Fed. inc. taxes, est
200,672
183,548
220,232
1,348,000
*2,006,000
*1,966,300
$399,571
$538,973
$463,900
RR.,
.
of
of
25
to
holders
of
213,532
10
cents
cents
this, company, .negotiations for a possible merger with the Sterling
are Under way but "no final arrangements have been com¬
no
details can be released at this time," the Associated
Other
Gen.
Drug, Inc.—Merger Possible—
/' "See Frederick Stearns & Co. above.—V.' 159,
The
directors
approved
of
this
on
of
to
is
the
be
agreement
merger
into
each
share
one
share
of
new
of
is
consummation
the
•tenderss of
half
per
present
the
the
new
number
of
the
intention
convertible
of
shares
Prov.
the
directors
stock
issued
share the difference between the amount
and
half'
To
of
the
Redeem
Darby
common
convertible
dry
Sunray
amount
originally
of
at
and
Sunray
$40
to
per
p.
were
1805.
26,470 shares
of
this
$50
par
stock
159,
on
the
regular
a
Semi-Annual
semi-annual
dividend
common
stock, par $10, payable June 1
addition to four quarterly dividends
In
1943
also
to
invite
share
redeem
at
outstanding.—V.
945,732
852,430
774,543
716.575
1,376,422
1,324,196
1,173,128
436,262
965,264
237.926
205,027
3,915,550
217,517
227,611
3,631,091
3,817,038
1,914,900
360.00C
3,701,774
1,155,600
200,000
200.000
225,000
344,154
113,980
137,873
192,726
33,180
151,857
30,451
171,256
31,086
$3,613,198
$2,687,248
$3,370,294
$2,891,036
and
losses
(net)
undeveloped
____________
———
dividends—.,
562,500
share
per
562,500
562,500
1,593,708
562,500
956,313
$1,775,054
—
$1,168,435
$1,214,086
$1,372,653
$0.41
$0.36
$0.47
.
♦Includes provision of $3,900,000
Note—The
of
ernments
,
and
other
above
1944
$4,937,350
in
the
form
pftducts.
955,883
on
stock
common
153,934
1,275,644
dividends
Surplus
amount
236,242
♦5,039,207
tax_
$46
159,
205,194
of
inc.
profit
Earns
Stock—
1941
$9,400,859
(net)
Common
1942
1,437,766
invest,
of
Preferred
up
1943
$9,195,665
etc.
depletion—
hole
Credits
purchased under tenders
Preferred
bonds.—V.
■
$15,964,011 $10,643,608 $12,362,113
267,00Q
219,031
191,338
exps.
amortiz.
debt exps.,
acreage
issued.
Outstanding 5Vz%
5%
■
370,831
of
Rentals
The corporation has called for redemption on June
6, next, all its
outstanding 5V2% cumulative convertible preferred stock, at $52.50 a
share plus accrued dividend to the call date.
As of Dec. 31,
last*
'there
;
undeveloped leases—
Prop,
retirement
and
Net
preferred
initially
mortgage
$16,231,011 $10,862,639 $12,553,450
admin,
for Fed.
Amort,
merger.
of
Pacific.
$58,321,947 $40,926,141 $36,988,606 $34,927,272
42,357,936
30,282,533
24,626,494
25,731,607
taxes
Deprec.' &
Corp.-preferred stock of $40 par value.
Sunray has agreed to
purchase or redeem half of the convertible preferred stock initially
•issued to present stockholders of Darby within a period of 90
days
the
exps.
income
Oil
after
declared
1944
.
—
selling
and
fund,
Consolidation—
corporation and of the Darby Petroleum Corp.
of merger of Darby into Sunray and
converted
first
year, the company on Dec. 1,
cents per share.—V. 159,
p. 1806.
Insurance
mailed-special meeting of the stockholders to be held on June 7, 1944,
for the purpose of voting upon
the proposed consolidation.
Under
terms
Southern
last
20
—*
Ordinary
1080.
p.
agreement
an
of
income
Interest,
Sunray Oil Corp.—To Vote
have
on
paid
extra
Profit
Total
•)- Sterling
extension
May 11.
1297.
p.
and
Tide Water Associated Oil Co. (&
Subs.)—Earnings—
and
and
Orleans
:
3 Mos. End. Mar. 31—
Drug, inc.,
pleted "and
/.to
each
(net)
Vice-President
New
;
share
record
an
Costs
Warner,
&
the
April 19
on
per
of
disbursed
$488,722
Stearns & Co., Detroit—May Merge—
152,
Co.
the
Lampasas
directors
Secretary-Treasurer
states.—V.
Pacific
Dividend Basis—
The
216,831
'
the Texas
which
'
Sales
Press
Southern
Texas Pacific Coal & Oil Co.—Stock
583,877
of
the
Harrisburg & San Antonio first mortgage Eastern Division
6%
bonds; $1,000,000 Galveston, Harrisburg & San Antonio second
mortgage Eastern Division 6% bonds/and $450,000 Houston & Texas
par
868,152
Earl
$16,000,000 Issue of
new
obligations are to be exchanged in¬
Galveston, Harrisburg & San Antonio Ry.
Galveston-Victoria Division 6% bonds; $4,728,000 Gal¬
veston,
and
962,322
to
Nickel
■
by
between
bonds
$10,000,000
first mortgage
disbursed
15
1,164,766
According
the
new
clude
1941
;
fill
company
which
$1,502,962
(Frederick)
to
has asked the Interstate. Commerce Commission for
authority to issue $16,178,000 1st & ref. 41/a % i series A bonds to
refund the remaining
underlying bonds which it has assumed and
cents,
1942
/
director
a
the Executive Vice-President
Co. of Canada. Ltd.—V.
159,
1806.
The
share
holders
to
on
Dec.
on
75
per
$3,518,584
-
p. 2355.
years has been
Texas & New Orleans RR.—Plans
foreign
1943
profit—
has been appointed
death of Britton Osier.
Refunding Bonds—
of
cents
50
June
were
company
Gas
dividend
extra
payable
cents
Natural
an
dividend
shares of Standard
■
interest,.—V. 157,
Thompson
Thompson for many
open account
1
of
exceeding $100 000 principal amount
sinking fund gold bonds due Jan. 1,
Texas Gulf Sulphur Co.—New Director-
subsidiaries, in each of
the outstanding capital
of
Co., corporate trustee, 70 Broad¬
June 5, 1944, receive bids for
before
or
not
bonds would be exchanged,
par for par, for the outstanding
securities, with differences and accrued interest to be
adjusted through
addition,
In
& Trust
on
but
mortgage refunding 4%
1953, at prices not to exceed 110 and
The
semi-annual
par
Extras
last-year.
of
May
usual
will
to,
'
•
on
the
Central Hanover Bank
way, New York, N. Y.,
the sale to it of up
.
$3,690,843
$5,456,952
50-Cent Dividend—
'
and
for each
stock
•
$25,083,484 $16/753,61G: $12,873,925
miscellaneous
Total
to
are
:y v 1944
$3,113,009
It
■
we
earnings _______
Expenses ____________!/:
the
(& Subs.)—Earnings—
1944
Operating income
Other
If
their laws and
company
■ -
3 Mos. End. Mar. 31—
14,971,§21
deduction of excess profits tax credit of 10%.—V. 159, p. 1598.
Dividends
method.
Gross
:
*
of
1844
income
John
18,895,230
2,806,553
income
5,410,480
2,720,987
21,327,324
—
—
operating
Total
6,336,094
—
close
Electric Products,
income,
Mr.
-1943
*
profits
paid
>$456,868
—!——
vacancy caused by the
%*Includes Federal excess profits taxes.—V. 159, p. 1080.
1944—12 Mos,
-
be
company to
prior
shortly
30^926
res.
Net
Distribution—
share
Net
Period End. Mar. 31—
at the
general
'
Southwestern Bell Telephone
this
but
on
will
the
held 64,000
shares of Colonial Radio Corp., at a
May 10 ratified the .sale of its entire holdings
Sylvania.
Payment, it is understood, may prob¬
to
com.
taxes
Income
attempt to be made at the corporation's
an
(A. E.) Staley Manufacturing Co. (& Subs.)
297,978
41,204
13,352
for
which
60%
of
value
Symington-Gould's holdings of Coloniql which had
p. 1902.
$493,626
99,976
55,882
' $27,114
stock
market
on
revenues—.
Utility
1,800
$195,435
112,439
income
the
and
directors
15,
value
$495,426
v
____
income
V.
per
Other
meeting
that
,
the
one
______
taxes
Net oper.
Net
$169,617
700
Operating, revenues—
Operating
profit
Retire,
cartels.
parent
share
Dec.
1944—3 Mos.—1943
$196,135
revenues
Uncollectible oper. rev._
Operating expenses
Co.—Weekly Output—
utility
public
must observe
we
the
record
i
the
will resist
require
or
Corp.
per
on
1944—Month—1943
total-about
the
1,280 class B
value of $511,266
Federal taxes
the
Extra
1943
1901.
Period End. Mar. 31—
Radio
Stock
Maintenance
Proposals which the management will submit at the meeting include
adoption of an agreement providing for the merger of the Plan For¬
which
Southwestern Associated Telephone Co.—Earnings—
1
of
ban
to
stock.
8,362,463 113,207,361
and
the
common
than
Corp.,
Operation
Floyd
The
earnings
p.
Colonial
Operating
—Jan. 1 to April 30—
1943
fu¬
1
authorized
now
Period End. Mar. 31—
$524,525
1944 and 3,162,027
limits
countries
profits
System-—Earnings—
-
159,
$519,010
in support of the
company's policies the management says:
"The management of your company opposes the cartel method of
conducting business.
It is not, however, in a position to force its
views upon the governments or the nationals of whatever countries may
eign
—V.
!
resolution reads:
"Be it resolved that this company will
date hereof, become a party to any cartel agreement
production, fixes prices, divides territory and limits tech¬
nological development unless the Government of the United States de¬
■
Southern Railway
'Gross
in¬
net
on June 6 to prohibit .it from entering
William Floyd 2d of New York, N_ Y„ an
of record of 103 shares of the company's capital stock, will offer
which
1944—6 Mos.—1943
$268,329
$181,741
Note—Operating
taxes.—V.
at
sires the company to enter into such arrangement."
In a notice to stockholders soliciting their proxies
100,205
—
cash
near
sale of stock is essential at this
no
the
less
the sale.
Tampa Electric
cartel agreements.
after
not,
favor
Net
;
output
resolutions
Co., Ltd.- •Earnings—
$281,946
earnings
Operating
shares
See Sylvania
$0.71
goods
—
stockholders'
any
owner
1699.
p.
Southern
Gross
of
cost
period
company
annual
into
The
Net
•Earn,
for
determined
the
Sale of Colonial Radio Corp.
Holdings Authorized—
.
stockholders will vote on May 26 on approving a proposal to
with and into this company the Coastal Plains Oil Corp. (Del.).
156,. p. 1158.
The
4,188,384
18,115
_
sale
in
Standard Oil Co. (New Jersey)—Cartel Policy Opposed
459,462
1,335,803
$492,248
refund
A
Common
—V.
$6,052,377
26,195
1,304
98,869
income taxes—
Post-war
$1,715,852
be sold
Nil
$0.26
$0.21
$0.24
*Loss.
tAfter provision for depreciation of
plant, all selling and
general expenses, provision for
reserves, for State taxes and for Federal
taxes on income.
•
6,219
profits tax_
excess
State
:
Standard Oil Co. of Kansas—Proposed Merger—
$6,046,158
11,704
tax
of
50,526 shares
Symington-Gould
Gross
1,432,855
23,187
$1,801,055
income
income
the
Net
operating companies in the
Standard Gas & Electric Co. system for the week ended May 6, 1944,
totaled 186,626,000 kwh., as compared with 175,476,000 kwh. for the
corresponding week last year, an increase of 6.4%.—V. 159, p. 1901.
836,516
deductions
will
7,140,664
431,094
revenue—!
oper.
consummation
Earns,
225.000
225,000
stock
stock
3,163,277 shares outstanding March 31,
March 31, 1943.—V. 159, p. 1486.
on
1944—12 Mos.—1943
876,262
Other income ___!
stock
$2,483,046
income
"Based on
218,547
(net),
capitalization,
Exchange Com¬
and
proposed
The amount has not been
Of
in
share
a
_____
2,354,097
come
(& Subs.)—Earnings—
9,740,311
remainder
$1.50
tOperating profit
(net)—_
253,708
income
100,000
100,000
1,878,751
the
of substantially all the common stock
for which Sylvania expects to'pay about $3,-
Other income
$6,281,381
110,375
—
Federal
merge
Fed.
380,105
Federal
and
„
217,144
___
Oper. taxes & licenses--
Gross
275,772
Securities
Symington-Gould Corp,—Earnings—
5,804,464
$5,901,276
.!
_—
Depreciation
26,206
expense
Federal
7,472,588
in
increase
Sears, Roebuck & Co., which has a small stock interest in
Colonial
Radio Co., it is
understood, will receive part cash and part stock in
Sylvania for its holdings.—V. 159, p. 1901.
)
1943
$5,893,123
operations.—.
♦Net income per common share—
$4,207,038 $20,967,012 $15,554,645
2,541,172
—_
the
covering
of this
3 Mos. End. Mar. 31—,
from
Dividends
maint.
expense
the
at
ably be in cash.
$55,758,984 $46,770,628
42,393,271
30,064,888
—
for
Dickson & Co., Inc.,
1944—3 Mos.—1943
with
any
the management,
the
approve
nearlng conclusion.
and
General
Period End. Mar. 31—
Income
in
1485.
p.
taken
book
Dividends
100,000
Charlotte
125,000
—
&
are
cash
to
$10,059,223 $11,431,972
for
Net
Orleans
file
according to
hand.
statement
whether
meeting of directors
Provision
'
Net
250,000
in
$1,229,011
Provision
are
Alstyne, Noel & Co.,
Scharff
,
However,
class
Gross., income
prin¬
purchase
York
to
of Colonial Radio Corp.,
1944—4 Mos.—1943
$3,068,198
intends
registration
a
at
now
stockholders
part of the additional stock.
from
1944—Month—1943
be accomplished,
stock
!;>V Negotiations for the purchase
\
Standard Gas & Electric
Oper.
226,308
$887,088
ouU,
are
will
""
underwriters
New
200,000
____
& Co., Inc.,
Minneapolis
Cray, McFawn & Co.,
Deprec.
756,288
pfd. stock
and
company
a
shares
.
also remains to be decided. ;
The management emphasizes that
time for any present need.
$1,455,320
224,315
:
shares, of which 854,474
/.
ture
1598.
p.
sales
Income
$506,627
•
has
Van
(Inc.),
Kalman
,
1,407,060
$1,111,403
—
1
Selling, advertising, administr. and gen. exps.__
Chicago —
$100,000
Paine, Webber, Jackson &
Curtis, Chicago
100,000
250,000
Allyn & Co.
159,
$2,518,463
Months Ended March 31—
Dempsey-Detmer & Co.,
$300,000
Roberts &
Chicago
—"V.
the
which
$336,141
This will
way.
funds
yet.
>
Chicago
Sidlo, Simons,
Co.,
of
names
such
124,187
applic. to 644,720V4 shs. of com. stk.
Standard Brands
Net
Cost
5287,044
'
Underwriters—The
cipal
the
$2,087,420
8,944
cumul.
sales
Income
I
$2,509,519
$328,167
6V2%
on
purchase
mission
approving an
stock, which at
additional stock, it was stated', is required to finance
of the Colonial Radio Corp., negotiations for which are
sheet at $500,000.
-
21^00
Cr41,600
$75,000, 1
to
2,007
5b,355
!
divs.
159,
Net
132,000
15,000
14,000
interest
589,390
2,840
$277,787
_—______—
905,000
.
on
this
Nevertheless, if
Spiegel; Inc.—Sales Lower—
421,900
-
Note—Annual
591,787
-647
Period End. Apr, 30—
.
$659,628
tax_2;.;-
profit
79,630
288
406
493,448
$327,521
______
deductions
•V'Profit
Net
.
513,144
to
.
of
The
120,874
tax__
___
the
under
$780,501
96,064
surtax____
refund
4
income
Balance
435,654
•&.<}', 353
$840,530
income
on
and
tax
71,822
68,724
________
income
Income
8,098,986
Y
117,320
deductions
Federal
249,701
from
revenues-
income
Gross
$9,075,391
$957,850
—__
____
2,122,449
299,457
inc.
franchise-
oper.
—V.. 159,
Gros$
2,471,518
40,598
None
of
Net
Other
240,104
profit
309,563
amounts
a
standing.
$5,544,410
55,206
meeting oh May 18 will vote
295,000 shares in the authorized common
of
present
1944—7 Mos,—1943
$6,388,264
79,657
of
(& Subs.)—Earnings
$779,688
retirements.!
for
Amort,
$540,398
expenses
.
The stockholders at
increase
be
$6,013,349
5,200,255
accounts
2015
Sylvania Electric Products, Inc.—To Increase Common
Stock—Financing Probable—
'
1942
340,145
&
doubtful
for
1943
Sept.' 15^
cents;
and
1942,
1943
Payments in
45
1944—Month—1943
taxes)
Accrued
1944
■■ ■
15,
1803.
359,784
than
(other
Prov.
follows:
as
in
$617,705
.____
admin.
Provision
been
577
$7,152,887
—5,990,109
—
—_
sales
Belling,
has
1941,
last.
15,
June
$891,296
revenues—-,
Operating expense
Taxes
Net
H
sales
in
545
Mgrch
cents;
40
Maintenance '
Earnings, Years Ended Jan. 31
;
.»
1940,
Operating
VI":
v
'
JSTet
sold
customers
15,
15, 65 cents.—V. 159, p.
Period Ended Mar. 31—
Business—Company was incorporated in Delaware July 13, 1935.,
Business-consists primarily of the manufacture and sale of products
and by-products resulting from the processing of sugar cane, including
raw
and refined sugar, syrups,
black strap molasses and bagasse.
Company cultivates sugar cane on properties owned in fee and leased
from others and purchases additional sugar cane and raw sugar from
other growers and producers.
Substantially all raw sugar produced
and purchased by the company Is refined into standard granulated
and powdered sugar in the company's refinery at Mathews, La.
The
refined
sugar,
under the trade name "White Gold," is distributed
through brokers to the jobbing and manufacturing trade.
The number.
of brokers employed by the company has increased from 18 in
1938
to
March
and Dee,
on
Southwestern Public Service Co.
" 325,560
,
made
was
.
25,394
500,000
follows:
as
50 cents;
sinking fund bonds,
!_
1955_
31,
stock
Common
Authorized
-
First (closed)
distribution
similar
CHRONICLE
quarterly
collected
of
$0.33
for estimated
taxes
for
on
statement
Federal.
sales
of
.
excess
does
State
......
not
and
"gasoline,
profits tax.
include
the
municipal
gov¬
lubricating
oils,
t
MHWHHi
Humphrey at Annual Meeting
Departments—
'
*
,
William
P.
Humphrey,
of
duction
contributed
oil
crude
'
income.
and
sented
in
by proxy.
or
person
preferred stock 71.95% were represented
shares 88.94%
were represented.
Humphrey gave
Mr.
'v,,'
,
a
$13.07 per
31, 1933.
Mr.
Humphrey stated that
the report of independent petroleum
geologists employed to survey and estimate the extent of the crude
oil reserves in c&ch
of tho company's three geographical divisions
from coast to coast has now been received, and that the company s
total reserves, as of Dec. 31, 1943, are estimated at 400,156,200 barrels.
This represents an increase of 10,156,200 barrels above the 390,000,000
share, as compared with a book value of $73,410,726, or
jshare for the 5,618,672 common shares outstanding on Dec.
per
barrels of
oil reserves reported by
the company, as of,Dec. 31/
Twin City Rapid Transit Co.
(& Subs.)—Earnings*1943
1944
$3,882,197
$3,751,189
Operating
revenue
Operating
1942,. s
expenses
-
2,821,302
2,856,324
$929,887
and taxes
'
Operating income
Non-operating income
388,928,000 barrels.
In the year 1943 the company produced
barrels—the highest total annual production in the history
the' company—leaving theoretically a reserve of 361,407,400 barrels.
However, the additions to the reesrves by discoveries of new pools or
extensions to existing pools increased its reserves to 400,156,200 barrels,
or 11 228 200 barrels more than
its reserves of Dec. 31, 1942, or after
allowance for the 27,520,600 barrels produced in
1943, the total in¬
crease in
reserves was 38,748,800 barrels.
The report of the
independent geologists indicates that the com¬
pany's gas reserves in the Mid-Continent-Gulf Coast area alone amount
to 693,000,000,000 cubic feet.
A part of this is being currently mar¬
keted and some ofeit is being processed in cycling plants.
,iv
In discussing the company's refining operations, Mr. Humphrey said:
"The company at its refineries at Avon, Calif., and Bayonne, N. J„
Is producing increased quantities of 100 octane aviation finished gaso¬
line and 100 octane aviation gasoline base stocks.
At Avon, Calif.,
•construction of facilities for the manufacture of 100 Octane aviation
finished gasoline began early in the year 1940, and by June of that
vear the Avon refinery was able to enter into contracts for its sale
to the armed
forces.
Since then several enlargements were undertakn and as at Dec. 31, 1943, a total of $7,280,000 had been expended
for special installations of various types at the refinery and for other
contributing facilities.
As a result of such installations, the Avon
refinery is now manufacturing
100 octane aviation gasoline at an
annual rate of more than six times that in 19*0, and nearly three
were
—
$1,025,873
9,886
6,520
$939,773
$1,032,393
153,535
177,435
27 520 600
fluid
"A
current
the
of
-
,
,
,
,
Interest
■.
other
.
facilities
capital
Humphrey
stated
great
that
States
Federal
excess
do not include other
/ Net
is
of
Act
\
—v.
In
addition
*hare
to
four
paid on March
1,
22, 1943 paid
Xi 159, p. 1598.
Dec.
on
with
$0.33
Union
-
1944
'
other
and
income
•Net
profit
———
Earned per
•After
fees
$0.11
share on common__
all
and taxes,
charges
$866,344
,
4,523
Nil
$1,017,328
) 59,570
sales
conditions
contingencies/etc.,- amounted
:
+95.496
deprec.
for
amort,
admin,
444,931
159,875,981
Plans—
Realty
v'.x'
■
Plans for the
■
erection of a post-war
■
■
to
85,984,822
industrial structure, a $10,000,7
similar
lower
for
which
of
the
new
building,
to
Profits
before
taxes
_____
Contingency
1943
$1,074,566
$1,169,887
818,921
758,890
Net
profit
Earnings
42,983
common
335~869
+336,088
+502,323
of
Base
$0.31
*$0.10
stock.
14,216,388
4,060,628
4,050,750
&
per
2,656,701
$1.40
2,656,691
$1.40
2,656,691
$1.19
stock outstanding—
share
__;Y
159,
the
suppiy of certain
first
sinking
fund of $255,000
31/a%
sinking fund
of
purpose
and depletion reserve
explained above)-.
the
ap-
as
proposed
626,237
■_
$3,049,155
31, 1943
is to eliminate
thereby facilitating?
transactions
corporate entity
unnecessary,
an
as
$4,025,089
Corp.
$3.50 Preferred Dividend—
declared
have
directors
The
accumulations
of
account
dividend
a
the
on
$7
of
preferred
$3.50
per
stock,
no
share on
value,
par
A similar distribution
was
made
on
March
1, last.
Payments
1943 were as follows:
March 1 and June 1, $2.75 each; and Sept. 1 and Dec. 1, $3.50 each.
payable
June
159,
holders
to
1
1487.
p.
of
record
May
8.
in
'
;.i.
/
United Gas Improvement
Co.—Earnings—
1944—3 Mos.—1943
,
$466,884
$4,274,186
52,037
income
1
1944—12 Mos.—1943
$8,361,432 $17,281,942
114,761
income__
& other
Inter.
$518,921
$4,388,947
Exps., other deduc., etc.
359,493
694,807
balance—
$159,428
$3,694,140
Total income
Net
Divs.'
416,169
503,883'
income
——*
—
$2,737,707
2,491,135
3,188,815
$6,286,466 $14,597,010
956,433
$159,428
preferred stock
on
$8,777,601 $17,785,825
956,433
3,825,880
$5,330,033 $10,771,130
Earnings (U. G. I. and
Subsidiaries)
1944—3 Mos.—1943
1944—12 Mos.—1943
Utility Subsidiaries:
$4,568,139
Operating revenues
Net
$4,408,527 $17,659,757 $16,536,343
taxes___
income,
3,847,125
3,595,269
14,598,189
revenues
721,014
813,258
3,061,568
net-
&
exps.
operating
81,320
63,303
'327,202
274.045
$802,334
$876,561
$3,388,770
$3,458,835
deductions
Income
Net
post-war refund of $1,065,765 in 1943
p.
income
13,351,553
3,184.790
169,274
Bal.
of
subs.
U.
/>";•
•On
.
the
164,354
658,754
663,755
$712,207
$2,730,016
$2,795,080
apnnop^r
351,907
341,010
1,393,113
1,374,351
281,153
37,197
1,336,903
1,420,720
215,022
16,678,707
fund
G.
Note—Federal
debentures,
G.
159, p. 115.
49.783
49,768
165,276
303,484
4,124,699
7,775,298
$634,420
$4,545,664
359,493
694,807
$274,927
above)
$3,850,857
___
Other income
Total
Exps.
income
taxes
and
Bal.
1944
1943
$291,805
$0.56
$276,892
$0.53
shares of common stock then
income
and excess profits
taxes aggregated $1,162,000
and $300,000 for 1942.—V. 159, p. 1902.
operation
be
11,
director.
956,433
3,825,880
$5,829,909 $11,299,763
above for all periods exclude the results
Electric and Delaware Power & Light
of The U. G. I. Co.'s divestment plan effective
supplemental plan effective Feb. 29, 1944, ceased
reason
and
majority owned
subsidiaries.
Also excluded
are
the results
of
operation of Concord Gas Co. and Erie County Electric Co., the invest¬
ments in which were disposed of in June,
1943, and August, 1943,
respectively.-
Plan
Chlorine
1943,
earnings
$2,894,424
Philadelphia
of
which, by
June
to
outstanding.
—$274,927
Note—Combined
of
Co.,
3,188,81^
$6,786,342 $15,125,643
956,433
stock:
pfd.
on
Balance
1942
$301,431
$0.58
2,491,135
applic. to capital
stocks
(& Subs.)—Earnings—
$9,277,477 $18,314,458
other
deductions /
and $1,354,468 In 1944.
Geiger, Vice-President and director of Westvaco
has been elected a Vice-President and a
Corp.,
cumul.
on
pfd. stocks of subsid.
applic. to U. G. I. Co.
:
United Chemicals, Inc.—New Official—
Marlin
Co.:
I.
divs.
Defer'd
1902.
468,283
$633,060-
_________
earninga/of util.
appl. to U.G.I.
•Sinking
sold
in 1943 and $865,227
//:,
profit after interest, deprecia¬
& prov. for Fed., etc., taxes
•Earnings per share__
—V.
of
the
The
trans¬
Union to Houston Gulf
-Y'/Y
___
determined as of Dec,
(deducted
•
tion
on
be
349,697.
retirement
(determined
thereto
Gulf
Light
taxes of $8,748.
Scott, chairman of
the
of
surplus)
property
To Pay
3,476,580
including
Products
W.
for
will
applicable to its produc¬
1934 appraisal
production properties as of Dec. 31,
1932 appraisal valuation
(charged to
Gross income
profits taxes* *13,797,179* *11,564,832
excess
for 1944, $1,035,000 for 1943,
restrictions
duction
to its present plant.
$626,236.62
refinancing and reorganization of United and aiding in
simplification of the holding company system of Electric Power
the
135,844
expediting charges Included in the sales prices of product
•
'•
■-;/
-V ■.■/•■- -
the board, told stockholders that due
essential materials, yarn pro¬
quarter of 1944 was 1% below production during
the same quarter of 1943. Net dollar sales were off 2J/2%.
Announcement was made of redemption May 1 throu|h the opera¬
Rufus
to
of
5,366,172
6.481,196
50.559
tion
$0.41
recapitalization, first quarter 1943 earnings were
39 cents per share on the present outstanding common
to
the,,
Y:
proposed
a
Other
8,944,837
——
Quarters End. Mar. 31—
$408,634
•Allowing for the
equivalent
state
stated
The
,
to
price
Oper.
1,044,250
selling &
Net
$315,870
share
amount
follows:
Combined
United Biscuit Co. of America
35,096
$257,896
—
per
*
of
means
158,566
amortization of $401,123 in 1944 and $1,098,648 in
1943, equivalent to reimbursement from the United States Government
under emergency plant faciltiies contracts.
§Not
$1,167,524
773,687
the
$3,049,155 to be paid by
as
basis
alicable
1942
reserve
by
Union.
Period End. Mar. 31—
loans
1944.
in
—V.
1944
reserves
of
price of
on
earned
Divs.
Tax
in
reserve
books
Balance
323,232
$Less charged to reserve retirement of $903,127
contain
Corp.—Earnings-
Quarters Ended March 31—
Line
reserve
books, as of Dec. 31, 1943
properties based upon the
Estimated
export.
••Less
Tubize Rayon
&
tLess foreign
approximately 2,500,€00 square feet, will be undertaken as soon as the war is over and is
expected to offer tenants the largest individual floor space layouts
available in the Metropolitan New York area, especially designed for
essembly-line production. ("Wall Street Journal").—V. 159, p. 486.
Construction
depletion
Pipe Line's books bears
on
the
the
base
tion
1,065.764
1,354468
266,558
•Including income aggregating $1,130,713 derived from surcharges
in respect of emergency nlant facilities provided for the performance
of
contracts with the
French and British Governments and other
purchased the site from the New York Central RR.
has
retirement
Net income for ouarter
Shares capital
000 project which will cover four entire square blocks in the
Manhattan commercial area, are announced by this corporation,
Pipe
:• V"
and
post¬
amortization
and
and
bank
Fed, income
-V;':
■>
by
acquired
.
to $92,039 in
Construction Co., Inc.—Post-War
&
be
retirement
determined
per
110,582.649
plant facilities——-—*
exoenses
on
Earnings
Tishman
to
is
Portion of plant, property and equipment of Houston Gulf,
21,833
610,931
Y—
Engineering, development,
and $73,399 in 1942.—V. 159, p. 1700.
1944, $64,219 in 1943,
of
to
The
was
550.326
for
emergency
including gross income from service
operations of the subsidiary finance company.
on
Note—Provision for taxes,
which will reflect the 1932 appraisal
acquired properties, on a basis consistent
the
Period End. Mar. 31—
1186,181
600,962
retire, losses
proportion of
expendable tool and supply
Interest
equipment of Houston Gulf, how¬
time by the same appraisers, is
same
amounts
state
Gulf's
for write-off of
Prov.
34.245
$0.06
this
*
$
186,540,279 135,918,274
;____—
transformation
for
Prov.
.
companies,
Webster;
&
from
——
.
Plant rearrangement &
$843,392
those
Stone
the
reserve
ferred
1942
$
216.067,157
licensees
Apr. 22, '44 Apr. 24, '43 Apr. 25, '42
sales
1943
215,280,014 159,169,553*110,115,885
service
and
excess
at
in
to
as
of
Dividend
Other income
Prov.
of
by
(& Subs.)—Earnings-
production,
aeronautical
of
1932
^v/y\;:-
balance
of
$
war
them
so
Adjustment
of
of
Prov.
and
property
valued
$10,430,441
present
^
to eliminate Mississippi River Power and Iowa
corporate entities.
with the merger of Mississippi into Missouri Union,
Quarters Ended Mar. 31—
—
by
that
—V.
Cost
in
proposed to transfer arbitrarily $2,056,329 to Pipe Line in order that
the reserve applicable to the assets being acquired shall be 18.607%
of such assets which will correspond to the same percentage that the
and
United Aircraft Corp.
Common Dividend
books
the
is not segregated
as
to
type of assets to which
it is applicable.
In recording the
applicable amount of Houston Gulf's Dec. 31, 1943 retirement andt
depletion reserve of $2,682,565.73 in the retirement and depletion
reserve
account on the books of the two acquiring companies,
it is'
.
preferred stock of Mississippi would be converted into
preferred stock, $4.50 series, of Union of Missouri, and
each of the 408
shares of Mississippi publicly-held common will be
converted into three-fourths of a share of preferred stock, $4.50 series,
of Union of Missouri.—V.
159, p. 1806.
•
share
share
Sales
on
made
separate
as
connection
In
stated
are
appraisal
an
plant,
although
Houston
Mo.—Simplification Plan Filed—
inventories
net
'" -Xv\
Gulf,
of
The
cost.
and
$0.48
and
Union
Illinois
.
16 Weeks Ended—
basis
Houston
Rovalties
{Consolidated
Nil
the physical
properties of Mississippi River Power and Iowa Union with those of
.
Inc. (& Subs.)—Earnings
Houston
the
merger.
tax rates under the Revenue
of the plan is to combine substantially all
purpose
in
properties presently held by them.
As of Dec. 31,/,
1943 the plant, property and equipment of Houston "Gulf, stated on
the basis of the June 30, 1932 appraisal plus subsequent additions at
cost is $14,105,833
of which $3,675,392 is to be acquired by Union
t$0l9,204
Co.
The
development expen¬
and
31, 1943 to the date of
part to the payment
liabilities.
acquired
for depreciation
Securities
the
parts,
Tilo Roofing Co.,
its
with
32,193
"$188,074
Exchange Commission. AU the common
stock of Union Electric of Missouri is owned by the North American
April 21
on
applied
contemplated in connection with the proposed acquisition that Union':'
Producing and Pipe Line will record the properties of Houston Gulf
Co.,
filed
simplification plan under tne Utility Holding Company
voluntary
construction
for
and
Dec.
be
except
1,427,228
1,503
' ■ .;
a
will
on
135,897
'..
42,915
$423,236
1806.
for
since
Engineering Corp. and Ralph E. Davis, Inc., plus subsequent additions
and its three subsidiaries, Mississippi River Power
Union Electric Co. of Illinois and Iowa Union Electric Co., have
a
declared a dividend of 25 cents per share
on the common stock,
no par value, and the usual quarterly dividend
of $1.25 per share on the 5%
cumulative preferred stock, par $100, '
both payable June 15 to holders of record June 1.
Similar distribu¬
tions were made on March 15, last.
'
The following dividends
were paid
on the common stock
during
1943: March 15, June 15 and Sept. 15, 25 cents each; and Dec. 27,
■55 .cents.—V. 159, p. 1700.
,
\ ;Y ■%./'
directors
120,000
1,073,700
^
p.
system.
properties to Union..
cash purchase price of $3,049,155, plus adjust-'•
additions
net
the
from
Co.
Gas
plant, property and equipment of United and of all of its
domestic
subsidiary companies engaged In natural gas operations,
$2,3R9,172
154,650
both
Thompson Products, Inc.—25-Cent
The
Co.
made
Gulf
Houston
following findings:
to sell its production
proposes
The
17.563
$206,7-12
393,313
give effect to
to
the
Gulf
assume
to
$3,690,548
1942.
159,
.,
transfer. The pro¬
of the balance of ,
$1,800,000 plus accrued interest on the note of Houston Gulf held
by the First National Bank, Boston.
Union owns and operates all/
of the natural gas and oil production properties of the United Gas
Corp. system except those presently owned by Houston Gulf and
sells substantially all of the natural gas it produces to United Gas
Pipe Line Co. pursuant to gas purchase contracts. Pipe Line presently
owns
all of the
natural gas gathering and
transmission properties
of the United Gas system in the United States except those presently
owned by Houston Gulf..
//Y. •
,-Y,"
Upon completion of the transaction Pipe Line proposes to acquire
by merger the remaining properties of Houston Gulf, consisting of
natural gas gathering and transmission lines and other
assets and
ceeds
$2,351,609
47,229
336,927
the
eliminate
made
for
ditures
and special amortization, and pro¬
vision for depletion on timberlands and leases were charged to income
during the periods as follows:
Quarters Ended March 31—
1944.
1943
1942
Depreciation & special amortization
$488,897 - $458,545
$281,012
Deprec. on timberiands and leases
27,611
20,955
13,081
Act
declared an extra dividend of 5 cents per
dividend of 15 cents per share on the
payable June 1 to holders of record
were disbursed on March 1, last.
regular quarterly payments of 15 cents per
June 1, Sept. 1 and Dec. 1, 1943, the company
a year-end dividend of 25 cents per share.—
Like amounts
May 10.
$159,513
38,221
;
Note—Prevision
each
$10,
par
$1,958,557
taxes
Union Electric Co. of
quarterly
usual
the
stock,
SEC
ments
Y 1,338,939
Earnirgs per common share
being
being shown by the
.
to
1943
directors on April 28
and
1,393,722
$1,660,882
1,501,369
_
t Ad justed
159, p. 745.
Exchange
Commission
approved April 28
aV
among
the
United Gas
Corp.'s subsidiaries
and
transactions
Producing
The company
Declares Extra Dividend—
The
1942
profits taxes——™
taxes
inccme
-Deficit,
outstanding.—V.
Speed Refinancings—
Securities
of
Houston
5,114,904
charges
income
income
normal
one
common
__-
other
and
Federal
700,000 acres- of land.-
share
The
$8,805,452
-
income
Interest
is actively engaged in exploratory work in the South¬
mentioned above, where it has acquired leases on about
company
eastern
1943
5,901,546
$1,996,778
—
Other income
petroleum industry in oil and gas prospects in the Southeastern part
of the United States, particularly in the States of Mississippi, Alabama,
Georgia and Florida.
Several minor discoveries have been made in
the Everglades of Florida, in Georgia and Alabama, and an apparently
important discovery has been made in the eastern part of Mississippi
by the Gulf Oil Co. and known as the Heidelberg field.
Tide Water
Associated has leases in the immediate vicinity of the discovery well.
The
erties to
at
$7,562,42S
sell., admin. & gen. exps.
Gross
debt
funded
nor
presently stated on its books on the basis of an additional appraisal
made
by them in
1934, plus subsequent additions at cost.
It is
1944
Operating profit
■;
interest
bank loan
no
valuation
Delivery,
.
United Gas Corp.—SEC Favors Plans—Sales of Prop¬
1192.
Corp.—Earnings-
$3,352,279
increased to approxi¬
are
and other
6,133,651
„
and
$402,111
•
tax
$9,485,930
income
been
income
during and at close of year.—V. 159, p.
sales
Other
have
assistance."
depreciation,
Quarters Ended March 31—
facilities, he said, as well as all
company,
the
of
without Government
financed
Mr.
these refinery
of
cost
has
ever,
oi
entire
"The
437,295
- $254,798
wage,
Union Bag & Paper
Net
divi¬
have declared a
April 28,
on
share,
the first
per
is
3,149
517,513
——
reflect
to
adjustments made
furnished our armed forces.
be
:
12,403
3,179
surtaxes——.
and
revised
•1943
similar gasoline blended at the Avon refinery by
combining 100 octane base stock with blending components purchased
from''other refineries.
/./•. w• • '*■'"'''s/y/y/Y:O'-Y"
"At the company's refinery at Bayonne, N, J., where 91 octane
aviation gasoline and 100 octane aviation gasoline and base stocks are
also manufactured, last year the volume of these products manufac¬
tured totaled 70,434,000 gallons, which is a substantial increase over
the quantity of these products manufactured in previous years.
"Additional facilities are now being converted at Bayonne,-;so that
additional quantities of essential aviation gasoline and base stocks can
volumes
large
debits
income
10,749
funded debt.
on
income
Net
year,
to produce 100 octane aviation gasoline will be
mately double the present capacity.
These volumes of 100 octane aviation gasoline
debt
discount
Miscellaneous
Federal
-----
______
funded
on
of
Amort,
plant and other, related, facilities now
the Pacific Coast will be completed before the
at which time the Avon refinery's capacity
constructed on
being
end
in 1942.
catalytic cracking
that
times
income
Gross
cents
This
.
this year,
3 Mos. Ended March 31—
of
#
25
designed
report tor 1943.
reported in his annual
reserves
The crude
Statistics—
carried 35,397 passengers during the first ■ three
compared with 28,352 carried in the correspond¬
ing period last year, it is announced.
In the same period, the line
carried
952,268 pounds of mail compared with 816,931 pounds last
year
and 222,838 pounds of express compared with 141,789 pounds
last year.—V. 158, p. 2518.
months of
announced
was
payable June 10 to stockholders of record
payment to be made on the stock since
Sept. 3, 1939.
■ Y
v.
.'•/ /..'
It was further announced that on April 20, 1944, the company paid
the last of its bank debt and now for the first time in its history.,
series
corporation
The
of operations and earn¬
it
directors,
of
24,
Dividend—Pays
Cos.- -Resumes
Coal
:,
s
Trans-Canada Air Lines—Traffic
of the 6,378,571 shares of com¬
1944, is $115,714,969, or $18.14
ings, in which he said the book value
mon stock outstanding on March 31,
The
dend
The
and of the 6,378,421 common
10-year comparison
»died in Jersey City, N. J„ on
George G. Raymond, a Vice-President,
May 5.—V. 158, p. 2296.
Loan—
May
Shipyards Corp.—Obituary-
Todd
6,878,421 outstanding shares of pre¬
by 33,281 stockholders were repre¬
Of the 500,000 outstanding shares of
,
.
shares of old class A stock
of the corporation, in the Federal Court in Delaware, claiming the
stock
reclassification amendment
adopted in 1943 is invalid as to
their shares, was scheduled for trial on May 4.—V. 159, p. 1392.
meeting 87.70% of the
common
stock owned
the
At
ferred
Back
to $128,765.
Electric
United
of the
additional $130,000
1944.
1,
brought by the holders of 1,137
The suit
the increase in net
to
materially
7%
dend charges from $170,765
meeting, May 4, announced that the company's totaj net production of
crude oil during the current year's first quarter was 7,414,300 barrels,
compared with 6,417,000 barrels produced during the first quarter of
last year, indicating an increase of 997,300 barrels, or 15 /a %.
The
average daily rate of production was 81,500 barrels and the daily rate
of production last year was only 71,300 barrels.
This increase in pro¬
Nov.
on
1, 1944, the company called for redemption 6,000 shares
cumulative preferred stock, reducing annual preferred divi¬
April
its
of
at the annual
company,
retired
will be
An
outstanding.
still
$4,080,000
debentures
On
the
of
President
leaving
Reveals Progress in all
Monday, May 15, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2016
.
Approved-
stockholders
reclassify
authorized
the
approved»May 1 at the annual meeting a plan to
capital stqck by reducing the number of
from 35,000,000 (no par) to 3,500,000 ($13.50 par).
company's
shares
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
kVolume 159
the
William
W. Bodine, Chairman of the Board, said the management
the change beneficial because the reduced number of shares
proportionate to the company's reduced assets and capital,
has disposed of 80 %
of its holdinggs under an integration
entire
considered
rubber
was
their
more
it
since
approved
plan
the Securities
7 -
by
1807.
p.
and
7,
v
\
Merchants
&
Manufacturers, Inc.—Listing
New
shares
of
York
Stock
stock
common
payment
of
stock
a
authorized
Exchange has
the listing
of
of 60,000
different
of
items
and
of
figures
strategic natural
increased
show
and
share
upon official notice of issuance in
payable May 15 to holders of record
share for each 10 shares held.
will
stock
and
credit
a
to
United
in
have been
processes
Service
Corp.
Gail Belden, President, states:
The assets of the corporation,
made
the
to
in
its
1943,
31,
Dec.
consisted
corporation
in
such
for
stock up
to
time
the
its
all
and
Expenses
United
Public
amounted
taxes
$11,446
with
to
for
to
1942.
Utilities
class B
Corp.
•''•;
-:•* "'A-'y
$3,821
only
for
the
will
Every effort
corporation
until,.the
minimum
a
final distribution is effected.—-V.
•'
of
is
not
common
in
be
158, p. 1773.
•' V'-'"-1
dividends.-
V'."' 7>7
.-
Subsidiaries
which
one
of
the
is
the
Fort
United
has
and
■
i'
on
before
July
bonds.
It
69,479
shares
1,
also has
of
and
by
system
proceeds
paving
thereof
the
liquidating
: %7.7'7'y ;:7'. 7777.. 77
three separate
as
geographical
comprising six electric
one
electric
The
other
for
way
utility
and
groups
three
the
are
and
utilities
gas
Dakota
group
1944,
6'A series A bonds and $3,262,150
will
be
reduced by
redemption
totals
$654,650 series
or
A
and
$20,350 series
B
outstanding 70,441 shares of $3 dividend series and
dividend
series
preferred
221,380 shares of class B
Not
to
Modify
and
148,920
shares
return
Bond
in
as
all
securing them
refinancing.
Accordingly
of equity interests.
'
partly
or
the
by such means
deals
only with
plan
and
partly
by
recapitalization
V.1.
Authorized
capital of United is to be changed to 500,000 shares of
(par $5), with full voting and pre-emptive rights.
Of the
stock
hew
authorized
balance
shares
350,918
reserved.
The
gate
capital
applicable
and
capital
to
transferred
Of
Is
be
shares
issued
in
common
preferred
$2.75
the
or
of
The
following
total
a
or
of
common
or
of
stock,
issued
2.4
and
the
present aggre¬
stocks
of
$7,816,300
$1,754,590,
of
under
and
2.2
is
be
to
plan 97.89%
to
and
'V
lowing
subsidiaries:
Dakota
Fort
Public
Smith
Service
directors
on
April
in
Gas
Co.
ment
River
Gas
Producing
Mining Co.-
Coal
14
dividend
of
$1.50
share on
share on the
per
$3 dividend series preferred stock and $1.37 V2 per
$2,75 dividend series preferred stock, both on account of
accumulations,
payable June 15 to holders of record May 22.
A dividend of $2.25 on
$3 preferred
paid
Dec.
on
cents
75
10,
The
two
$3
of
one
last,
the
on
stock.-.
'
and
$2.06(4
while
on
preferred
the
on
June
15,
68%
and
$2.75
1943,
preferred
the
cents
;771-7%''7
current
quarters
decorations
ended
Sept.
30,
1939.
payments
$2.75
'•
'
represent
stock
company
the
on
of
were
to
up
of
to
Dec.
1943,
needed
1944—-fl
Period End. Mar. 31—
Subsidiaries—
Operating
.'Total
taxes
Mos.—1943
in
1944—12 Mos.—1943
$1,355,746
>v.',,.v
■
'
:77''777'
$4,541,603
$4,489,291
,77-?.\ .<• <777. ->'"7
1,072.834
998,779
3,642,068
3,538,593
$332,741
$356,968
$899,535
$950,698
4,126
—————
realized
income
oper.
income
2,846
18,617
9,057
(net)
Int.
income
and
$336,866
>7;
$359,813
4,830
4,147
misc.-- deducts.
$918,152
panies.
tions
to
Bal.
applic.
U.
U.
to
The
in
as
•
of
each
post-war
$332,036
$355,666
place
former ice
income
first
for
Feb.
'
'
Int.
7
current
S.
and
exps.
Net
$901,939
$938,249
"7
to
9,638
68,229
86,527
$365,304
$970,168
$1,024,776
26,271
22,964
126,782
127,572
taxes,
misc.
income
89,805
income
159,
V;':
'
.
to Dec.
31,
was
Co.,
this
amounted
to
The
The
preceding
applicable
the
to
period
vacation
Dec.
at
caused
the
approximately
directors
has
not
of
left
yet
vacant
been
named
the
last
by William
corporation
of
steel
of
now
Labor
is
more
being
in
Board
submitted
Washington.
Is permitted
Steel workers
what
policy.
less
the
the
to
as
Navy
in the
the
of
Secretary
to
be
426,610
$237,700
Knox
performed
asked
420 415
$416,775
$476,789
Frank
General
Department
in
distribution
of
enemy.1
to
so
it
by
General
by
Navy,
Knox,
Motors
United
act
in
without
Motors
naval
In
the
terms,
States
an
solution
combat
Fair
individuals
of
of
his
Fed.
A
only
vote
of
Play
whom
the
to
*
York,
for
powers
revision
of
the
of
the
Attorney
to Federal
paid
income
taxes
the
where
income
from
which
The
on
directors
May
declared
3
a
dividend
of
cents
50
per
share
the
common
stock, par $10, from earned surplus as of Dec. 31,
payable June 9 to holders of record May 26.
A similar distri¬
1943,
bution
lows:
•
on
was
June
New
28
March
on
and Sept.
10,
last.
Payments in 19i3 were as fol¬
24. 25 cents each; and Dec. 17, 50 cents.
Vice-Presidents Elected—
Willard
yarn
made
might
each
H.
and
purchases,
executive
1
Cobb, General Manager of the mechanical goods, lastpx
thread divisions, and George M. Tisdale, director of
rubber
have
been
elected
Vice-Presidents
and
members
of
be
homes
for
official
An
One
rubber
Harbor.
that
of
Prior
It
announcement,
reclaim
pounds
has
also
peacetime
to
the
unit
of
released
in
the
rubber
increased
on
United
to
the
its
May
2,
States
national
output
by
says
rubber
reclamation
an
than
more
since
50%
than
Pearl
over
plants
throughout
Albany,
provide
U.
S.
He
said
Steel
with
this
the
in
end
contribution
U.
S,
wherever
it
meets
that
the
steel
and cost."
Gunnison, founder
Corp.,
will
and
in
S.
Davenport
has
been
that
to
fix
will
of
to
R.
was
750,000
750,000
$0.30
$0.32
$0.34
Co.—Earnings—
1944
E.
announced on| May 8.—V. 153, p.
1943
1942
$306,083
$171,368
6,003
and
prof, taxes
(est.)
post-war
in
77,428
*1,151
<'217! 178
*202,857
Zim¬
1807.
1,151
"119,877
■
$80,326
$19,452
in
$44,338
1944,
$20,825
in
1902.
p.
v
1944—Month—1943
$9,430,289
7 ;
'
;■%•'' '■•■;:
1944—4 Mos.—1943
$9,110,737 $38,055,678 $35,326,747
has
entered
decree
a
awarding
fee
a
of
Stoneman, Esq.,
and
to
Singer, Stoneman and
for the petitioner as counsel
fees, and ordering that
pay
the same to these counsel out of the funds made
the
to
payment
1S41,
the
the
.
of
dividends
exclusive,
Supreme
the
the
on
to
same
Judicial
company's
shares
date
as
amend
record
6%
to
the
of
159,
of
Court
directors
to
in
the
of
6%
be
preferred
allocated
Feb.
on
declare
for
the
rateably
established
1
and
record
a
date
motion of Duffield
a
6%
preferred
1940 within
a
for
stock,
reasonable
the
the
dates
bill
in
stockholders
that
motion
adequate
have
to
not
earnings
were
as
to
entitled
a
to
pay
to
thet
dividends
adequate.
Other
funded
Fed.
inc.
and
Net
net
to
of
earned
in
1939
6%
preferred
the
the
fix
th«
answered
1910
but
1941
or
1943
profits taxes—
$2,894,995
67,951
624
2,357
160,844
149,858
135.086
1,619,500
2,446,512
2,378.454
11,000
6,327
6,000
special contingencies-
1,358,^58 shares
1942
50,705
3,325
profit
the
Crocker,
have
$3,563,749
—_
r>°>-
♦On
Mr.
required
48,795
FtatP income taxes
for
report
preferred
termination
$2,311,895
:
excess
their
whether
1944
etc.___
debt
interest
plaintiff,
for
directors
6%
directors
on
the
the
("Boston News Bureau."—V, 159, p. 978.
taxes,
*
on
of
annual
(& Subs.)—Earnings—
before interest,
Interest
the
who formerly-
the
directors be
determined
determined
or
& Co.,
counsel
after
time
The
Quarter Ended March 31—
Profit
of
the
dividends.
have
they
that
reasonable
accumulate) dividends
or
considered
Walworth Co.
ask
within
that
pay
yet
so
1944
to
date
determination
stockholders entitled to dividends.
He had previously allowed a motion
in
make
refund
1942.—V.
Superior Court
of
Vice-President, Research and Technology, of the United States
Ccrp,„pf_ Delaware, it
%
-
$252,515
David
suit
75
a
of-1939
reseaych
requirements
Assistant
■
750,000
has yet been entered.
Judge O'Connell has denied
on
principal stockholder of Gunnison
charge of the company's affairs.
appointed
1942
:
$236,962
counsel
Provision
Edmund
1902,
$224,008
Dep. and amort, of defense faciL__
continue
1943
excess
—$286,133
equip.,— /
' 7,210
patents—;
'7
1,037
1902.
New Appointment—
Steel
1944
and
share of stock.
owned
will be through the application of
prefabricated
housing field," Mr.
believes
159, p,
decree
established and leading organization
Steel
1, $1.—V.
ol
1, last.
March
class A common and to
pay or accumulate dividends on
the
preferred for the years 1939 to 1941, to the extent that it can
be done without the
impairment of capital.
A motion for final, decrea
after
rescript Was recently argued before Judge O'Connell but no
to
Ind.
follows:
as
the
on
dividends
utility
merman,
crisis,
New
would
in part:
added
program
more
methods
"To
important
Foster
production.
present
said.
Fairless
Housing
has
of
Corp.
interest
exnerience of
people of modest means
mass-production
design,
172,000,000
this
the
and Dec,
March
on
were
oit
per
holders
6%
prefabricated home buyers.
Gunnison Homes are designed to
sell generally for $2,800 to $5,000.
"One oif the best means of meeting the large post-war demand for
an
Reclaiming Unit Boosts Output 50%—
Housing
of
made
1943
$75,029
to
In "this
serving
the
committee.-
Gunnison
acquisition
■
share
$1.75
per
equity suit of Percy Crocker of Cambridge, Mass., a
minority
against the company and its directors, Judge Daniel T.
obligation
already been
Benjamin F. Fairless, President, announces that the corporation
May 3 completed negotiations to acquire a substantial interest
the
■■
cents
50
were
during
outstanding
of
p.
1939
years
subject to capital income taxes. It is the
the meeting that the double tax is unfair and impedes the
use of risk capital to aid full
employment and to improve our stand¬
ard of .living."
.7V
facilities and
distributions
stock
of
quarterly dividend of
both payable June 1 to
share
company
available for
the
Enters Prefabricated Housing Field—
United States Rubber Co.—50-Cent Common Div.—
usual
stock,
,
the
•;
anti-trust
such
7.
Com¬
on
Works—Earnings—
Income
$11,495
the
$25,000
stockholders
has
dividend
1, 50 cents each;
estimated
O'Cormell
of
sense
■
stockholder,
wgs
representing
General
a
profit
159,
In
prevent
or
series, duo
for temporary bonds
York, N. Y.—V. 159,
New
Waltham Watch Co.—Counsel Fees Awarded—
effec¬
as
bad business practices, was tabled by
present.
His second resolution,
which was adopted, read as follows:
"Resolved, that dividends paid to stockholders shall not be subject
the
the
common
similar
complex
reply
Federal
and
Period End. Apr. 30—
—V.
Adopted—
the
exchange
Walgreen Co.—April Sales Up 3.5%—
'7.
League,; said
the
League
represented
15,000
1,000 owned shares in United States Steel Corp.
calling
in
nV;77.-.U:
preferred
building
and
Kurland,
counsel
as
591,796 shs.
Pay Dividend of 50 Cents
Similar
and exc.
After
1943
7.■■•7
New
coercive
stop
similar
of
inc.
Net
a
wage
accepted the request
capacity, such services
compensation.
$7,500,000
2,000,000 shs.
1193.
Amortization
1902.
p.
p.
United
known
is
Outstanding'
'
$7,500,000
140 Broadway,
declared
Sales
and
the
follows:
as
.
the
shares
159,
Deprcc.
Steel
advisory
Corp.
of
resolutions,
that
so
Javits
of
7:
'.V,..
16.
on
profit after
serious
equipment for
this
Resolution Re Taxation of Dividends
A.
Corp.
Authorized1
for delivery
have
Profit
untimely
a
working capital
v-
of
before
These
whose
t»
was
debentures,; 7.'-':-
of April 10, was
as
1959—
Co.,
Victor Equipment
by the exLsting
in general are
great shock and constitutes
a
of
Used
debentures
added to the
was
conversion
$1,575,900
■
company,
Quarter Ended March 31—
wage
out
of their past experiences in a somewhat
reason
the
against
use
of the
comes
nation,
involved
problems
tive
by
assist
to
ago
entire
States Steel,
field,
Secretary
few days
3% %
Since
year,
for
of
that definitive first
mortgage bonds, 3%%'
1 and Sept.
per
today receiving at least the full compensation allowed by the so-called
Steel Formula. 7 r ,.„■•• ^
:'■•■7i'7 :'' >'7i
a
May
—V.
steel
geographical
14
the
on
Earnings
hour
for
fund
directors
Common
generous
with
fiscal
total
convertible
profit taxes
1942.
a
a
of
4V*
called
record
an
connection
last
presented
A
the
Quarter Ended March 31—-
along
cents
wage,
the
were
5%.
net proceeds
Victor Chemical
late
17
differentials,
Union
the
War
of
elimination
granted. within
stabilization
wage
annual
in
of
between
company
outstanding 5%
convei-tibls
$2,000,000 of these deben¬
share.
per
ready
Fil¬
heavy demands of
Workers of America—
increase
Evidence
quarterly
debentures
Trust
are
first
with
wage
shift
the
quarter
faced
Steel
a
pay,
of
National
second
is
services,
forth.
demands
the
United
guaranteed
a
so
be
the
include
armed
cannot
in
industry
by
below
varied
the
of
of
$l).-i.r-_-^^__.
stock,
Net
has been carried
its
total
close
$22.50
Shares— %::.%/:■;
1, June
the
of
A
,.v.
(par
loans
loans,
' ..■%•
Payments
steel
slightly
1968,
record
addi¬
Callaway
succeed
to
bank
bank
all
the
the
at
the
sha/e
for
com¬
J.
24
the sale of
retirement of the
Guaranty
The
year
its
from
the-, common
filled.
J.
1,
the
mon
$57,600,000.
Cason
performance
only
tons,
dismissal
and
the
of
to
directors
established
the
20-odd
the
during
underwriting
Corp.,
Boston
New
moneys
securities,
the
Production
workers,
in
expended
The
these
1950.
at
Van Raalte Co.—To
.
demands
differentials,
costs.
of
off
1,
of
stock
p. 51>
'-
.
the
plan,
workers
similar
Government
First
Utah Power & Light Co.—Definitive Bonds—
has
properties of subsidiary
unexpended balances for property
of
1944
of
presented
steel
all
other
U. S.
The
York Stock Exchange has authorized
the listing of $7,~
3%% sinking fund debentures, due March
1, 1959, all of which
issued and outstanding.'—V.
159, p. 1393.
7%: 7
:
are
$25,000,000
years,
nation-wide
a
Co.,
stand-by charges.
April
April
$422,000
stock
&
500,000
refund
1942
dividend
Listing of $7,500,000 3%% Sinking Fund Debentures—-
I
con¬
a
for
cost
'77
7
h'":-' 7:
sinking fund debs., due
3%%:
of
corporation
Oct. 30,
7 >'
dividends
just declared. '
on
any
sale of these debentures, $5,190,735
1944, all of the company's secured
mortgages securing them were can¬
27,
The
company,
Common
$3,000,000 in
Department contracts
Navy
on
remainder of
the
the
Mar.
The capital structure of the
1942.
industry.
reduction
the
two
and
of
director
a
tons
scope
These
for
are
-
104,640
$216,021,
The
from
on
banks.
outstanding
proceeds
complete the
ingots and castings in the
1944 represented an all-time quarterly tonnage record
Shipments of finished steel products in such quarter
time
this
4,
5,361,354
5,367,089
At
laws
'
■
were
the
of
"The
public through
paying
•It is announced
amounted
board
year.
Steel.
Investors
■■
60
deductions
«-V.
•
$332,097
and
of
the
excellent productive
quarter of
U.
1944,
board
Ga., as
Farrell.
amounted
of
the
year's
the
31,
on
the
A.
used
■
Total
Gen.
7
subs., etc.,
_______
time
Dock
Dry
to
common
up
made
declaring
Kidder, Peabody & Co., and Shields & Co.
service and
redemption
debentures, due
into
on
per
the
Dillon,' Read
carrying
the
shipbuilding
a
The
share.
$1
to
two
addition
dividends
of
basis.
of
as representing
dividends for the first two
year,'' said J. Cheever Cowdin, Chairman of
proceeds
for
costs
intention
its
quarterly
prepay
by
5%, plus
In
:
were
betterments
on-
death
Last
One
United Public Utilities Corp.—
Interest and divs. from
&
the
costs
period,
$89,000,000
March
Benjamin
■
_
income
taxes,
income
additional
replacements
Recently
21,506
P.
Corp.
of
After Federal
adjusted.
and
On
and
bert's
$959,755
16,213
'
,
excessive
Shipbuilding
reported
Approximately
made
Gross
to
held
celled,
after dividends, was $3,415,861,
1942 and $56,138,390 in 1941,
member
a
logistic support of the fleet.
Net
Other
used
and
for
a
current
including
net
notes
near-
on
Co., Inc.,
tures
rate
to
was
has completed a
refunding operation through the
$7,500,000- 3% %, 15-year sinking fund debentures. This'
of
the
was
1943,
no
Federal
for
the
additions
death
''"7;
$1,405,574
exps. - and
Of
Little
v- .7
7->'7'> .'-■••"A
revenues™-™
oper.
in
the
31
May
amount
■
■
expressed
offered
that
quarterly
at
payable
like
V1
of $1 per share
holders of record
2)
considered
the
aggregate amount
the same
years,
continued
aside have been invested in
set
so
Recently,
■
figure
$1,
par
(No.
company
was
Blyth &
by the war.
These costs include deferred maintenance and repairs,
reconverting and relocating facilities from wartime to peacetime use,
costs
arising out of reemployment of returning servicemen and re¬
training them to new jobs, losses on raw materials and supplies not
Government
Consolidated Income Statement
;
corresponding
of
syndicate
1941, due in large measure to heavy increases
after that date.
1942-.
aside
set
Panel
the
in
were
preceding
been
as
The
accordingly
demands
for
have
31,
$570,000.
disbursed
arrearages
1943
forward
costs
separately
preferred
7777.
The
also
future
sale
issue
long-term
small
renegotiation of its contracts resulted in
the selling prices of its
deliveries under
CIO.
a
liabilities.
with $11,215,884 in
subsidiary,
sidered
broad
25 declared
on
$172 468
7:
dividend
a
distribution of
% '*■ v:
board.
recent
$2,000,000,000 for its
constituting another all-
on
,';V,
.
stock,
,
should be
The
..
nearly
interest
11Z"-'
—
May 4 declared
initial
board
the
the
finished
debt, repre¬
the net assets of the corporation, namely,
relatively
two
carried
Board
into
Southern
Co.,
Knife
and
in
thus
subsidiary companies subject to the Federal con¬
tract renegotiation statute, 13 were found by the Navy Price Adjust¬
50
shares.
and
An
quarters
fourteen
the
Hamilton,
for
plus
current
having
employment
Of
James
the
the
45,000
—
.
materially since Jan. 1,
of
share
rolled
on
common
ye-ar.
The
for steel products in general are today, at the level of the
published prices, by reason of the price ceilings imposed by the
in
April
1941,
Costs,
however,
have
advanced
most
$3
Pays Part of Accruals—
The
131,600
94,738
-
2088.
p.
directors
the
last
Prices
1939
of
reserves
the right to amend the plan prior to
its
by the Commission, including provision for distribution in
seccurities, or cash proceeds from sale of any of the fol¬
of
-
$467,651
^
Liabilities
158,
May 17.
Government
holders
one
of
capacity...,
income
gross
year,
This
the
of
amount
one_share of
for one share
for
shares
shares;
7,406
the
2.11%
shares
sharees;
152,853
total
a
be
to
ratios:
of
plan
between
common
new
preferred
190,658
total
a
Fed-
31, 1914
—,—.
——
Treasury tax notes—-
The
on
for
last
less
stock
contrasted
as
.
stock
new
holders
and
the
the
under
$6,061,710
company
approval
kind
of
to
preferred
shares
Co.,
applied to
paid-in surplus.
issued
be
of
preferred
to
be
to
350,918
to
to
are
difference
rated
received
such
payments during
each
common
During
does not propose any modification of bonds on the premise
of the
bonds will ultimately be retired out of proceeds of
production
full
to
profit for 1943, despite
operations, reflects the inevitable outcome of higher
against Government-imposed price ceilings.
Dividend
Set-up
The plan
that
as
highest steel ingot production
tons, approximately 35% of
last year.
While that tonnage
country
close
of 3.97%
4.48%.
pressing
was
collateral
March
Universal Pictures Co., Inc.—Dividend No. 2—Refund¬
the
corporation's
profits
assets
been
common.
this
again
for
a
was
The
These
$2.75
of
as
—
ing Completed—
Meeting of
follows:
30,500,000
corporation
Its
total
groups,
utilities
group.
bonds.
Annual
of the corporation's steel production in
36.8%
greater than the average annual
United States Steel during the war years of
The
income
capacity
7;'7
.
,
and
,V.''"i'..5
■'%'
comprise
largest.
Smith
B
class A
its
or
outstanding $2,904,700
series
of
kind
0:;>':777'>'>'7
United
5'/a %
or
in
Ohio-Indiana group,
the
Indiana,
and
integrating
utility in Ohio
gas
in
of
assets
43rd
the
1943, available for the payment of divi¬
dends, amounted to $63,448,546, as compared with $71,248,569 in 1942
and $116,171,075 in
1941.
1942
Corporation has filed a voluntary plan under section 11 E of
Utility Holding Company Act with the SEC to simplify its capital
structure, provide for an equitable distribution of voting power and
work
Liabilities
Assets—
Current
is
services,
record.
time
its
The
of
S.
—V.
excess
of
the
and
products
in
in
was
year
sented
as
hold
to
dissolved
be
can
1943
year
made
1943
Last
the
the
and
—
Replacements—1943 Re¬
May 1, said in part
of
1942,, it
or
1918.
and
steel
The
distribution
at
on
made
production
Such
Revamp
Capital Structure, With Integration of Subsidiaries—
of
made
excess
materially
1941
1917
of
steel
the
ingot
United Public Utilities Corp.—Files Plan To
facilitate
remarks
history—in
either
Stock, the final disposition and liquidation of the corporation was not
completed in 1943.
It is not possible to state just when liquidation
the corporation can be made.
expenses
$0.16
and
cost
,
1943, the corporation achieved
In
of
compared
his
In
of
offers for
investment
U.
/
of
as
Subsequently, however, the corporation received
the stock, one for $17,500 and the other for
$20,000. The SEC denied the application.
'"V--777 7177'7>%
In view of the Commission's denial of the corporation's application
sell
Assets
Inventories
since
Navy Distribute War Equipment
—Irving S. Olds, Chairman of the Board of Directors,
filing the application.
to
$31,085
$0.24
tax.
Receivables
1892.
sults Discussed—Helps
Liquidation
Final
—
1807.
On July 20, 1943, the corporation filed an application with the SEC
respecting the sale by it of the United Public Utilities Corp. class B
common stock for $16,000.
This price represented the best bid which
been
Current
United States Steel Corp.—$57,600,000 Still Unexpend¬
Stockholders held
additional
1942
$43,745
$0.39
depreciation, depletion, intangible development
income
Cash
1943
$71,886
share-.
Current
developed and employed by Nauga-
ed for Property Additions and
148,055 shares of United Public Utilities Corp. class B common stock,
$78,300 U. S. Treasury securities and $19,437 in cash.
two
eral
all
1944
__
per
"After
that
in
use
(& Subs.)—Earnings—
3 Mos. Ended March 31—
•Net profit
Earnings
Chemical Division,
United States Rubber Company, since
Varying methods have been applied to salvaging this material
that time.—V. 159, p. 1700.
7
Delayed—
had
Universal Consolidated Oil Co.
Harbor
be
capital surplus of $1,800,000,—V. 159, p.
Public
reclaimed
tuck
capitalized at $40 per share, which
represents the approximate book value thereof as of Dec. 31, 1943.
This will be accomplished by a charge against earned surplus in the
amount of $2,400,000, and a credit to common capital stock of $600,000
of
of
Since Pearl
synthetic rubbers.
,
Each
grades
uses.
—
(par $1),
one
tons
Reclamation
dividend
May 6, at the rate of
hundreds
mainly directed at good quality rubber which
many
war
items which would otherwise consume
the percentage of this type of rubber
products during the year ending 1943 to,
106.5 pounds for every 100 pounds of synthetic and natural rubber
used for all purposes, as compared with 29.3 per 100 pounds
during
1940 and 32.4 during 1941.
Additional Common Stock—
The
made
been
in
of
Official
has
United
have
used
thousands
"7 7:
%
.
be
can
159*
Commission.—V.
Exchange
country
thousands of different
for
efforts
2017
435,000
$473,431
$0.34
of
common
stock.—V.
$470 050
$304,820
$0.34
$0.22
158,
p.
2623.
THE COMMERCIAL
2018
revenues
Operation
Provision
General
for
7,655,286
619,290
_
income
and
Net .operating
Other income.—
_
$319,970
742,700
$2,182,119
5,996
$2,258,463
928,409
$2,188,115
$1,330,054
$1,288,317
360,800
1
income
158,836
—.1
income
Gross
other
and
————
deductions——
$222,031
Balance
Sheet
,
income
Dividends
—
stock—
preferred
on
476,028
$927,517
$854,026
Balance
—V.
1807.
159, p.
Co.—Purchase Plan Approved—
West Texas Utilities
all assets and properties of Pecos
Valley (Tex.) Power & Light Co. and liquidate Pecos Valley was
approved April 28 by the SEC.
...i;
West Texas would pay Pecos Valley an amount equal to its net free
assets plus $937,860 for mortgage property to be paid the New York
Trust Co. as trustee for bondholders.
Public security holders of Pecos
Valley will receive 76% of the principal amount of bonds, 15% of
debentures and $1 for each share of stock.—V. 158, p. 2298.
The
to purchase
company's plan
$206,133;
par),
no
$3,671;
Federal
$4,159,215
$5,014,976
$8,054,345
$6,004,760
4,398,542
Quarters End. Mar. 31sales
(retail)——
Net
4,366,392
6,886,223
5,298,531
1944
(wholesale)-
sales
Net.
1941
William
Mr.
Net
sales
net
Total
earnings
&
is also
of
Steel
President
Robinson,
has been elected
Robinson
Laughlin
Co.
normal
and
4,440
Depreciation
29,190
27,337
General
21,779
20,815
:
taxes
Income
Interest
Net
—V.
charges
y
,
Prof,
and the Union
Int.
Jones
taxes
—
'
operations
in
loss
The
with
comparison
in
the
1943
the
of
portion
for
1944
resulted
Bank,
for
Prov.
Net
Pittsburgh.—V. 159, p. 1808.
The
$265,269
from
a
was
company
the
of
expense
distribution
—V.
Retail
sales
..
•—V.. 159,
■;)
,
sales
.
■.
•
v
'
.
Dividend—
.1
Gross
"
income
income
the
per
March
1,
last.
Payments
the
(after
A similar
shown
share
15.
In
on
1943
were
1942
1943
1944
$406,590
$435,902
$299,556
134,693
116,483
118,162
108,416
$205,453
$290,106
$317,740
$191,140
6,003
5,690
6,271
4,178
sales-
Net
Other
prof,
from
income
•
_
626;
Co.—Earnings1944—12 Mos.—1943
1944—3 Mos.—1943
Period End. Mar. 31—
vision for inc.
oper.
Oper.
inc. bef. Fed. tax.
5,944,717
income—
2,710,000
revenues—_■
'"•Fed. taxes on
income
after
wV. 159, p.
excess
$
$
Post-war
34,968,252 172,055,437 140,412,540
3,317,970
20,474,346
19,855,195
765,000
6,565,000
5,329,000
46,162,676
Gross
1,233,465
1,781,314
cess
Net
9,274,337
7,782,857
1600.
Net
chrgs.
for
profits
profits
of
per
$295,796
$324,011
247,500
275,754
99,475
profit amounted
amount
March
applicable
31,
to
$62,362
to
net
(after
to $21,410'
net
profit
1944
on
hand
interest
office furniture
fixtures
and
(at
cost
less
for
reserve
de¬
total, $1,569,321.'
notes
payable
(banks),
$100,000;
accounts
pay-^
total,
$1,569,321.—V.
158,
2397.
p.
P.
Gale
formerly
has
resigned
Co.—Changes in Personnel
Executive Vice-President;
becomes Vice-President In
as
his
Roscoe
G.
charge
of
Youngstown Sheet & Tube Co.—Subsidiary Offers to
022,000
$54,736
$70,296
$48,256
$95,842
$0.52
$0.55
$0.37
$0.75
share
State and
$7,077
given
to
Acquire Emsco Stock—See Emsco Derrick & Equipment
Co., above.
Crl4,072
taxes
this
to
At
been
$195,318
ex¬
profit
Earnings
$211,457
and
taxes
refund
Sheet
Assistant,
operations.—V. 158, p. 2519.
1'70,794
taxes
income
fAdjusted
; ;■/;
Balance
$8,747
has
amounted
$54,286;
Arthur
profit before pro¬
Prov.
1943
Wisconsin Power & Light
"
Western Union Telegraph
and
$468;
Walter,
Net
In
1944
Federal
gen.
oper._
$3,940
consideration
no
1,163'
accrued Federal income and surtaxes, $15,855; accrued
capital stock tax, $750; accrued Wisconsin income tax, $4,719;
other liabilities, $10,280; common stock ($1 par), $437,962;
capital sur¬
plus, $490,826;
earned^surplus, accumulated since Dec. 31, 1932, $393,016'; unrealized appreciation in value of marketable securities, $61,-
391,233
$340,146
able,
$690,839
668,483
on
$2,175),
t
Liabilities—Demand
$1,104,384
and
of
$19,740).
above.
items,
778,491
profit
$6,373
preciation of $1,578), $332;
$1,185,081
expenses
953
825
and demand deposits in banks, $139,344; U.S.
indebtedness, 7/a%, due Feb. 1, 1945, $25,000;'
receivable, $3,533; accounts receivable—due on
sale of securities
through brokers, $9,179; marketable securities—at
quoted market values, $1,391,466; prepaid expenses and other deferred
and
admin,
taxes
Assets—Cash
1941
;;•/
546,089
Sell.,
5,926'
jDrl95'
1,250
Treasury certificates of
dis¬
$886,235
Gross
Promoted—
5,390
Cr337
1,106
■
t695
statement
as
1, 50 cents each; and Dec. 1, $1.
allowances
1,
5,459
506-
_________
taxes' of
.
Cost of sales
D. C. Collins was advanced from the post of Eastern
Manager to that of Manager of the Electrical Research Products
Division.
In this position he will continue to report to T. K. Steven¬
son. Vice-President of the company and formerly President of ERPI.—
V. 159, p. 1393.
May
$1
Products, Inc.—Earnings—
less
,1941
$15,314
See a
See a ;
taxes_
above
dividends
returns
counts,
of
496.
sales,
5,402
___
invests 7'
profit on sales of securities which in
.?■
Western Electric Co., Inc.—Official
On
on
dividend
a
1 to holders of record May
1, June 1 and Sept.
3 Mos. End. Mar. 31—
$3,564,000 $11,722,000 $12,948,000
$3,162,000
—
1193.
p.
V'.:
•
.
p.
Willson
1944—4 Mos.—1943
$5,788,000 $5,943,000
5,934,000 ' 7,005,000
1944—Month—1943
$1,387,000
$1,574,000
1,775,000
1,990,000
•;
sales
Combined
158,
made
was
March
follows:
recovering, through sale of tires, a
1942 Government tire return plan.
April Sales Off—
Period End. Apr. 30—
Wholesale
declared
have
directors
capital stock, payable June
narrower
in both divisions and decreased sales at retail.
1943 is further adversely affected by the fact
margin of gross profit
that
$497,369
$209,160
Dr$310,353
earnings
Note—The
1942
$15,876
bank loans__
estimated
Net
1943
$10,505
Trust
Mellon National
Wilkes-Rarre Lace Mfg. Co.—To Pay $1
260.478
687,420
expenses
sale on
on
on
'"In
158,680
1944
$12,975
interest
and
investments
Operating
::
director of the West Penn Power Co.,
a
Corp.,
Electric
National
the
of
30,465
$13,856
Wisconsin Investment Co.—Earnings
Dividends
member of the Board of directors
a
29,511
_____
;
$44,321'
$25,414
______
682.
p.
9,850
$54,925
:
income
159,
;
10,500
taxes, State 'and Federal
;7 Net earnings
excess
income
profits
Dr310,353
—
Fed.
for
Prov.
$ ),381,368 $14,940,568 $11,303,291
367,840
1,184,789
525,747
$8,557,757
—
Christopher
Products Corp.,
'
1943
$194,551
88,010
86,109
6,119
on
1942
1944
$208,844
.
Maintenance
stock
Westinghouse Electric & Mfg. Co.—New Director—
1943
-
Co.—Earnings—
earnings
Operation
3 Mos. End. Mar. 31—
Supply Co.- -Earnings-
Western Auto
'7.'
(regular), $124,555; accounts payable
accrued misc. taxes, $47,044; misc. accruals,
Gross
participating
common
$219; total,
accrued interest,
$190,120;
:\
3 Months Ended March 31—
preferred stock (10,306
(50,000 shares no par), $1,000,000 long term debt, $4,400,000; current liabilities, $223,3.69; deferred
liabilities, $267,435; depreciation reserves (represents $466,275 arising
from appraisal as of Sept. 1, 1925, plus subsequent net changes), $1,393,843; special reserve (representing appropriated net income for ac¬
quisition of new utility plant or of bonds or notes), $141,670; other
reserve, $3,599; contributions in aid of construction, $312,145; surplus,
since
date
of
reorganization (Nov.
1, 1925), $98,472; appropriated
earned surplus since Jan. 1, 1942, invested in new utility plant, $245,602; total, $8,292,269.—V. 159, p. 2089.
' ,
■
non-cumulative
Liabilities—$5
shares
,
payable
Wisconsin Hydro Electric
(at cost), $100,-.
000;
$69,254; accrued
utility
revenues,
$17,000; materials and
supplies, $42,127; prepaid
taxes, insurance, etc., $18,983; deferred charges, $332; total, $8,292,269.
Treasury certificates of indebtedness
receivable (less reserve of $7,406),
U, S.
accounts
$48,936;
receivable,
investments
income and excess profits and State income taxes,
capital stock, $137,000;
capital surplus, $632,237; earned
surplus, $1,329,070; stock held in treasury, Dr$32,624; total, $3,179,155.
—V. 158, p. 1678.'
<■!}
1944
81,
accounts
$60,213,),
profits taxes,
(tniscellaneous),
222,031.
161,770
March
Of
As
899,798
1944
$269,354;
$936,490;
Assets—Utility plant, $7*856,752; special deposits, etc., $138,885; cash,
Net
expenses
Liabilities—Accounts
172,989
$161,770
—
Appropriation to special reserve
.
Interest
excess
$1,713;
Net
of
refund
of
81,
March
bank,
$313,934; inventories, $888,(U. S. Treasury notes),;
equipment (less reserves of $274,264),
and deferred charges, $19,610; post-war
debts
prepaid
$395,020
$320,606
____-____u--_-_----~_.i~_.i~_--
deductions
Income
bad
for
in
insurance,/ $93,908;
plant, property and
$3,179,156.
income
Total
life
Sheet,
and
$849,293;
711
.
reserve
hand
on
$554,568;
$394,309
636
-——-----~—------—i
(less
151;
$1,020,109
625,800;
_—;!—$1,093,133
and taxes
——
773,163
Other.-: income
788,185
taxes——
—-
expenses
Assets—Cash
1943
1944
.
839,580
$2,256,560
—1,903
——
profits
excess
revenues
,
773~538
883,043
872,649
—
_____
___________
revenues
Net earnings
224,523
operating charges--—
_.
taxes
Federal
8,088,122
908,913
Operating
Operating
$12,857,998
____
_
______
Depreciation
$13,976,510
——
___
-
Maintenance
Years Ended March 31—
1943
1944
Balance
i
Western New York Water Co.—Earnings—
Washington Gas Light Co.—Earnings—
12 Months Ended March 31—
Operating
Monday, May 15, 1944
& FINANCIAL CHRONICLE
Sells
Holdings in Republic Natural Gas Co.—See that;
company
above.—V. 159,
1903.
p.
City Department
BOND PROPOSALS AND NEGOTIATIONS
rejection of all or any part of
bonds tendered is reserved.
Immediate
confirmation will be
ALABAMA
bonds, which will mature as per
the following schedule:,
accepted tenders and
payment will be made on June 1,
1944. Forms to be used in sub¬
$1,030,000
or
the
Birmingham, Ala.
Funds Available For Bond Pay¬
ment
C.
—
E.
City
Armstrong,
Comptroller, announces that funds
are
now
on
deposit
with the
Chemical Bank & Trust Co., New
York, city's fiscal agent, to pay
principal and full amount of last
interest coupon on various out¬
standing bonds, maturing July 1,
1, 1944, Sept. 1, 1944,
Oct. 1,1944 and Oct. 2, 1944. Hold¬
ers
are
requested to present the
bonds promptly to the fiscal agent
1944, Aug.
for
ARIZONA
Valley Water Users'
Association (P. O. Phoenix),
River
Ariz.
Refunding Bond Hearing Set-
Hearing
above
in
proceedings
Association
to
of
the
validate
a
proposed $7,332,000 refunding bond
issue is. said to be set for 9:30
a. m. on June 3 in Superior Court.
The
bonds,
which would refund
present obligations, will be issued
by Salt River Project Agricultural
Improvement and Power District.
Court approval of the issuance is
required under Arizona law.
ARKANSAS
Arkansas
State
ceive
(State of)
Authority
(P. O. San Francisco), Calif.
Bond
Offering—Sealed propos¬
als addressed to Chas. H. Purcell,
Sept. 1,
1,045,000
March 1,
1,060,000—Sept. 1,
1,075,000
March 1,
1,090,000—•—
Sept. 1,
1,105,000
March 1,
1,120,000
Sept. 1,
1,135,000——March 1,
1,150,000
Sept. 1,
1,165,000—.March 1,
1,180,000__——Sept. 1,
1,195,000——March 1,
__Sept.
1,
Earl
Secretary,
1,210,000—
1,225,000
March 1,
1,240,000—-.—Sept. 1,
1,255,000——March 1,
1,270,000——Sept. 1,
1,285,000—
March 1,
1,300,000——Sept. 1,
will be received until
11 A. M. (PWT) on May 22 for
the purchase of $56,000,000 San
Francisco-Oaklarid Bay toll bridge
revenue
refunding bonds.
Ad¬
dress of the Authority is Public
until
11:00
a.m.
May 26 of noninterest
road district refunding
Series B. All bonds pur¬
on
prices,0 which must be less
The right of acceptance
than par.
Building,
Sacramento.
sue
tion
will be
N
1120
Proceeds of
Street,
the is¬
used in the redemp¬
of the presently
outstanding
4% serial and term revenue bonds
which
become callable
on
March
1, 1945, at par plus a premium of
The refunding issue is part
an authorized (closed)
issue of
5%.
of
$60,000,000, consisting of $36,000,000 serials and $24,000,00 sinking
fund bonds.
The present offer¬
ing is limited to $56,000,000 and
the remaining
$4,000,000 bonds,
consisting of term obligations to
mature Sept. 1, 1963, will hot be
ceived
—
chased will be at the lowest offer¬
ing
of the
CALIFORNIA
issued
tenders
office
California Toll Bridge
Page,
Wanted
Treasurer,
(CWT)
bearing
bonds.
by request, at the
Refunding Board.
reports that the
Refunding Board will re¬
Tenders
State
mitting tenders may be obtained,
Maturity Date
Principal Amount
Works
payment.
Salt
of
made
or
sold unless revenues re¬
Authority
prior to March 1, 1945, are ma¬
terially below those now esti¬
mated.
The
by
the
Bridge
!
$56,000,000 refunding bonds
to be
sold on
May 22
include
$20,000^)00 sinking fund bonds,
maturing Sept. 1, 1962; and all of
the authorized $36,000,000 serial
1,315,000—_—March 1,
1,330,000——Sept. 1,
1,345,000-—
March 1,
1,365,000——Sept. 1,
1,380,000——March 1,
1,395,000——Sept. 1,
1,410,000—
March 1,
1,425,000—
—Sept. 1,
1,440,000—;
March 1,
1,460,000
——Sept. 1,
Optional Redemption
—
1945
1946
1946
1947
1947
1948
1948
1949
1949
1950
1950
1951
1951
1952
1952
1953
1953
1954
1954
19.55
1955
1956
1956
1957
1957
1958
1958
1959
1959
Bonds
subject to redemption prior
to maturity as a whole at the op¬
tion of the Authority on any date
on or after March 1, 1950; or out
of sinking fund moneys only in
whole or in part by lot, on any
interest
payment
date
(except
are
1, 1947; at 103% on or after that
and prior to March 1, 1949;
date
at
102Vi%
on
after
or
that
date
and
1, 1957; at 101% on or after that
and prior to March 1, 1960;
and at 100 V2% on or after that
Definitive
no
cost to the holder at the office
date
of
either
date
and
prior
Serial bonds
to
are
Sept.
1,
1962.
redeemable only
in inverse order of maturities and
only after
simultaneously with
or
the retirement of all of the Sink¬
ing Fund Bonds.
bid
Rate—No
Interest
[
•
v
will
bonds, nor for
value thereof
$56,000,000
than
the
par
be
Bidders
ery.
specify
must
turities
of
the
serial
bonds.
Interest
rates
must
be
expressed
in
multiples
of
J/4 of 1 %. Interest payable semi¬
annually on March 1 and Sept. 1,
.
with
the
first
coupon
payable
1, 1945 and covering inter¬
est to that date from June 1, 1944.
March
the
of
Bank
America
National
Trust & Savings Association, pay¬
ing
of
agent
Co., New York,
Bonds
at
will
the
be
the
Authority;
Guaranty Trust
collection agent.
in
coupon
form
$1,000
each
registerable
as
after of
principal
only or
as
fully
September 1, 1945), and at the to
bonds
(denoms.
of
following prices, plus accrued in¬ registered
terest: at 103V2% prior to March $1,000,
$5,000
and $10,000,
or
on
and
fiscal
will
bonds
the
fiscal
collection agent.
.
agent.
be
ex¬
bonds at
changed for temporary
the
agent or
/
'
:
'
-
'
■
The bonds will be payable after
March 1, 1945, exclusively from
of
revenues
the
a
California
and
maintain
no
taxes
required
of
be
The
may
payment.
of Public
Department
is
not
debt of the State
their
on
Works
Francisco-
San
Bay Bridge and do
contstitute
by
law
to
and
operate the bridge
out of certain moneys in the State
Highway Fund.
;
Minimum
All
Sinking Fund Bonds must
bear the same rate, although the
figure need not be the same as
the coupon rate on any of the se¬
bonds.
or
about June
ma¬
the
rial
or
Francisco,
San
California
interest, not to exceed 4%,
of
Co.,
levied
the
temporary
on
1944, at the American Trust
21,
and
and may name up to but not more
than three rates for different
either
less
accrued interest to date of deliv¬
rate of
in
definitive form
Oakland
considered for less than all of the
ject to optional redemption prior
to March 1, 1950 and the Sinking
only
with
case
bonds
collectible
Bonds
thereof),
and
in
privilege of interchangeability.
Delivery
of
multiples
either
prior to March 1,1951; at 102%
on or after that date and prior to
March 1, 1954; at 10iy2% on or
after that date and prior to March
that the Serial Bonds are not sub¬
Fund
in
Sinking
Fund—Out
of
revenues
after March 1, 1945
(remaining after requirements of
the Expense Fund, .Current Inter¬
est and Maturity Funds have been
saitsfied) there will be allocated
sums
sufficient to retire (at the;
then prevailing redemption price)
$250,000
principal
amount ' of
Sinking Fund Bonds on Sept. L
1945 and each March 1 and Sept.
1 thereafter to and including Sept.
.1, 1959, and thereafter the follow¬
ing sums on the following dates:
March 1, 1960, $1,730,000; Sept. L
1960, $1,745,000; March 1, 1961,
$1,765,000; Sept. 1, 1961, $1,780,000 and March 1, 1962, $1,800,000.
Reserve
Fund—As
curity for the bonds,
further
se¬
minimum
Fund of $4,000,000 will
be initially created on March 1,
Reserve
a
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4281
'
•
,
Fund
Fund
and
will
minimum
such
•
(EWT)
chase
Reserve
maintained
be
by
annual
payments from
bridge equal to
20% • of principal, interest and
minimum sinking fund requirements. All moneys in the Reserve
of
revenues
Fund in
a
purposes and in the manner pro¬
vided in the resolution.
The Re¬
Fund
amount
as
to * any
subject to a
upon all the prop¬
erty taxable by the city located in
Legal Investments—The Author¬
(except
rate)
the second taxation district which
comprises that part of the terri¬
Superintendent of Ranks to certi¬
fy the bonds as legal investments
in California as provided by law.
that
Boston.
The bonds will be valid general
obligations of the city payable as
to
both
principal and interest
limited
the event
of
bidder.
or
ity will make application to the
Clause—In
Bank
classified forest lands
manner re-
qured under the resolution.
Tax
National
Legal opinion of Ropes, Gray,
Best, Coolidge & Rugg of Boston
will be furnished the successful
from ad valorem taxes which may;
be levied without limit as to rate
may be increased to
if insurance covering
bridge is not maintained to
$8,000,000
•A
name
multiple of xk of 1%. Principal
payable at the
First
be maintained therein
applied as addi- ■
tional moneys for the. retirement
J
of bonds, except that emergencyv
withdrawals may be made for the
the extent and in the
to
and interest (M-N)
of the amount re¬
will be used and
the
Bidder
rate of interest, expressed in
one
quired tp
serve
' '
.
'
'
on May 18 for the pur¬
of $100,000 coupon sewer
inclusive.
1954
the
excess
•
ceive the sum of 2y8% for re¬
funding the debt. This will cover
construction bonds. Dated May I, all
costs, including printing of
1944.
Denomination $1,000,
Due bonds, validating and other legal
$10,000 on May 1 from 1945 to costs.'.
1945, by transfer of moneys (or
investments) in the existing Re¬
serve
>■*
»
tory of the consolidated town and
city which is contained within the
limits of the former city.
i
Lines
Sewer
Bond
Issue
Ap¬
.
lowest
of
rate
and
interest
pre¬
above par at which
such bidders will purchase said
"bonds, or the lowest rate of inter¬
est at which the bidder will pur¬
chase said bonds at par. Certi¬
fied transcript of proceedings, ex¬
ecuted bonds and approving legal
opinion of Myles P. Tallmadge,
of Denver, will be furnished by
any,
.
the District to the successful bid•der
the
and
or
ditional
opinions
bonds
be
transcripts.
or
delivery
and
to
not be
other item of
cost for other or ad¬
any
expense
•Payment
will
District
.'responsible for
made
National Bank,
of
the
at
the
First
Golden. Enclose a
at
a
check
for
as
A"
CONNECTICUT
:
.
Meriden, Conn,
Bond
Offering
—
Henry
■
sealed
bids
until
1
life
for the
period of 31
Haines
Bonds
City, Fla.
Purchased
a
interest
net
•—
Paul
D.
cost
firms
Indian River County,
submitting
Wabassa
Bond
M.
Call—J.
Lee, Secre¬
of Administra¬
Harris and Co., B. J. Van Ingen
tion, reports that the State Board
& Co., R, E, Crummer & Co., and of
Administration, successor to the
Board of County Commissioners
Leedy and Wheeler Co.
The savings to the City of Co¬ of the County by virtue of Section
16 of Article IX of the State Con¬
coa
in the new refunding pro¬
stitution, has elected to exercise
gram over the one now existant, its option to call and redeem on
which was refunded by the Crum¬ July 1, 1944 at par plus accrued
sals
to
.
refund
were:
Stranahan,
tary State Board
p.m.
Co. in 1937, will be $372,127.
bonds
The
the
agreement
stipulates
refunding agents
are
to
with
that attached.
re¬
The
and Albert
called.
all
interest
Interest
ceases
coupons
on
date
.
Polk
County, Special Road and
Bridge Districts, fla.
Bond Call—J. M. Lee, Secretary
State
Board
of
Administration,
the State Board of
ciate
members are Allen & Co.,
Municipal Bond & Investment Co.,
Cohu
&
Torrey,
Wheeler &
and
Co. The
new
Leedy,
refund-
ings will be exchanged for the
reports that
Administration, successor to the present callable bonds, dated Nov.
Board of County Commissioners 1, 1934, and due Nov, 1, 1964, and
of the County, by virtue of Sec¬ dated Nov. 1, 1930, and due Nov,
1970, and are now available
tion 16 of Article IX of the State 1,
has elected to call
July 1, 1944, at
par plus accrued interest, the fol¬
lowing refunding bonds:
and
redeem
$4,000
on
Special
and
Road
for
exchange. The new bonds are
1, 1943, and mature as
follows: $500,000, Series A, 3%
bonds, due May 1, 1945 to 1963
(non-callable); $500,000, Series B,
Bridge
3V4% bonds, due May 1, 1964 to
Constitution,
District No. 2 bonds.
dated Nov.
1971
18,000 Special Road arid Bridge
District No. 3 bonds.
22,000 Special Road and Bridge
(non-callable);
$967,000,
Series C, 3V2% bonds, due May 1,
1972 to 1980 (non-callable), and
$3,232,000, Series D, 3 Vz % bonds,
May 1, 1981, and redeemable
by lot at the option of the city at
District No. 12 bonds.
various prices.
The bonds will
11,000 Special Road and Bridge constitute valid and
binding obli¬
District No. 15 bonds.
gations of the entire city, payable
5,000 Special Road and Bridge from unlimited ad valorem
District
No.
10
bonds.
15,000 Special Road
due
and Bridge
taxes
District No. 16 bonds.
Interest ceases
on
date called.
St. Augustine, Fla.
Exchange Offer Details—A cir¬
levied on all taxable property in¬
cluding homesteads. The legality
of the bonds will be approved by
Masslich and Mitchell, of New
York.
cular
setting forth details of the
ILLINOIS
$1,553,000 3% series A refunding
bonds proposed to be exchanged
Chadwick, III.
for an equal amount of outstand¬
Bond Ordinance Passed
The
ing
3-5%
series
A
refunding Village Board met recently and
bonds, dated July 1, 1937, due passed an ordinance calling for
July 1, 1967, and optional,, has an election to vote an issue of
been issued by Shields & Co., well construction bonds. The is¬
New York, head of the group sue was sold to the White-Phillips
which is acting as fiscal agents Co, of Davenport in anticipation
for the city. Associate members of voters' approval.
are
Clyde C. Pierce Corp., and
Champaign County (P. O. Urbana),
Leedy, Wheeler & Co, Other data
III.
being made available to bond¬
Bond Sale—The $95,000 funding
holders includes a financial state¬
bonds offered for sale on May 5—
ment, description of the proposed v.
159, p. 1811—were awarded to
new bonds according to maturity
the Harris Trust & Savings Bank
dates and rates of interest, terms
of Chicago as 0.90s, paying a price
of the exchange offer and
ex¬
of 100.018, a basis of about 0.896%.
change forms, The new refunding
Dated
April
1.
1944.
Denom,
bonds are dated Jan. 1, 1944, and
$1,000. Due Dec. 1, as follows:
mature serially from 1945 to 1974.
$20,000 in 1948 to 1950, and $35,The $353,000 bonds maturing in
—
•
1974
Bridge District, Fla.
propo¬
interest, refunding bonds, Nos. 1
to 46, 51, 52 and 65 to 76, aggre¬
City Attorney Russell Snow said
gating $60,000. Dated Jan. 1, 1938.
that
the
refunding
agreement Denom. $1,000. Due Jan. 1, 1968.
would
become
effective
as
of Paying agent for these bonds is
July 1, 1944. The bonds are to run the Guaranty Trust Co., New York
City. Holders should present their
J. until July 1, 1975.
.Thomas, City Treasurer, will re¬
ceive
a
follows:
Other
$10,000, pay¬
able to the District Treasurer.
over
of Joyce, City Clerk, reports that the
3.175% to the city, according to city purchased by tender on May
4, $23,000 refunding bonds of 1938.
press reports, which also noted
years,: at
mer
^certified
of 3%
flat rate
of the bonds
Refunding
Agency,
Roberts, Jr., manager
of the St. Petersburg branch of
Cohu & Torrey, to assist the cityr
in refunding its $18,000,000 gen¬
eral refunding bonds for which
proposals by various bond houses
were previously received by the
City Council, but turned down as
being unsatisfactory. The firm of
Petersburg
—
Manufacturers
.
-
mium, if
Lakeland, Fla.
Paying Agent Appointed
Trust
Co., New
York, has been appointed paying
agent for the above city's $5,350,Under the new program, which 000 3% semi-ann. (J-J) refund¬
covers
the
delinquent principal ing bond issue, Series of 1943.
and delinquent interest bonds re¬
Miami, Fla.
funded by the Crummer Co. in
Refunding
Authorized — The
1937, both series of bonds are to City Commission is reported to
be put into one issue, amounting have authorized
A. B, Curry, City Wood, Hoffman, King & Dawson
have been retained by the city
to $820,000. Mr. Snow said that
Manager, to refund $7,623,000, to handle the
proceedings and
under the agreement, $254,000 of 3%% bonds of
1940, being part of furnish their
opinion approving
the total amount of bonds to be a
$28,160,000 refunding issue. Pre¬
the bonds. The city is contemplat¬
refunded will be callable at 101
sumably these are bonds maturing
ing the issuance of $12,000,000
in 1957 and thereafter, and those after
1960, which are callable
serial non-callable bonds matur¬
bonds in the $254,000 group not
July 1, 1945, or on any interest
ing from 1945 to 1979, and the
called before 1967 will be callable date
thereafter, in whole or in issuance of
$6,000,000 term option¬
after that time at IOOV2.
part, at 103 to July 1, 1950, and
al callable bonds maturing in 1979
Under the present
at
refunding thereafter
decreasing
pre¬ With certain bonds callable in
1
✓
1
agreement made in 1937 for 35- miums.
each year at the option of the
year bonds, the city is now pay¬
Okeechobee County (P. O. Okee¬ city, and all of the bonds will be
ing 3Vz% interest on the remain¬
validated not to exceed 3 % inter¬
chobee), Fla.
ing principal bonds (Series A),
Bond Sale—The $735,000 SB A est. It is expected that a large
and 2V2% interest on the interest
county road and bridge refunding portion of the bonds will be re-*
bonds, The interest rate on the
bonds offered for sale on May 6 funded by the sale of the new
Series A bonds (principal) jumps
bonds
and the call of the old
were awarded to the Florida Na¬
to 4% in 1946, and in 10 years
tional Bank and the Clyde
C. bonds. It is the intention of ihe
from that time rises to 5%, which
Pierce Corp., both of Jacksonville, city to complete the refunding by
interest rate was to continue for
as 1.90s, paying a price of 100.01, a
Oct, 1, 1944, the next call date, of.
the
remainder of the
contract.
basis of about 1.898%. Dated June the presently outstanding bonds,
The
delinquent
interest
bonds
1, 1944. Denom. $1,000. Due June
would have jumped to 3% inter¬
Sarasota, Fla.
1, as follows: $40,000 in 1946, $50,Refunding Bonds Available For
est in 1946 for
10 years, after
000 in 1947 to 1949, $60,000 in
Exchange—A circular describing
which 4%
interest rates would
1950 to 1952, $65,000 in 1953 and
the $5,199,000 refunding bonds to
have been in effect.
1954, $70,000 in 1955 and 1956, be
exchanged for certain out-'
$80,000 in 1957, and $15,000 in
Eagle Lake, Fla.
standing callable bonds of the
1958. Principal and interest pay¬
city is being issued by Shields
Tenders Wanted—J. T. Rogers,
able at the First National Bank,
Co., New York, a member of the
Town Clerk and Treasurer, re¬
Miami. Legality approved by Giles
group which is acting as fiscal
ports that the Town Council will
J. Patterson, of Jacksonville.
agents for the municipality. Asso¬
receive
sealed tenders until
11
prior to the delivery of the bonds, proved—At a recent
special meet¬
the income received by private
ing of the Board of Apportion¬
/holders from bonds of the same ment and.
Taxation approval was
type and character shall be de¬
given to a proposal calling for the
clared to be taxable under any
issuance of $100,000 in bonds for
Federal income tax laws, either
the installation of sewers, previ¬
by the terms of such laws, or by ously sanctioned
by the Court of
ruling of any Federal income tax Common Council. The issue now
authority or official which is fol¬ awaits
approval of the bonding
lowed by the Bureau of Internal
agency in Boston, which, last sum¬
Revenue or by decision of any
mer
rejected a similar proposal
Federal court, the successful bid¬
on the grounds that sewers in the
der may at his option/ prior to
first or outer district could not be
the tender of said bonds by the
financed under the present terms a.m.
(EWT) on May 26 of general
Authority, be relieved of his obli¬ of the
city charter.
"A'
refunding bonds, at not more than
gation under the contract to pur¬
Members of the Board, when par. The sum to be used in the
chase the bonds, and in such case
asked to approve the $50,000 bond
purchase of said bonds is $5,000.
the deposit accompanying his bid
issue for the airport, reportedly At the option of the tenderer, each
will be returned.
moved against immediate action, tender may
specify that the ten¬
Legal Opinion—The Authority asking for more details concern¬ der is for the purchase of all or none
will furnish without cost tp the ing the practicability of locating of the bonds tendered. The Town
successful bidder the opinions of a first rate flying field at the shall have the right to accept or
Orrick, Dahlquist, Neff, Brown South Meriden site.
reject any or all tenders. Subject
&
to the exercise of this right, as
Herrington,
of
San
Fran¬
FLORIDA
cisco,
and
of
Hawkins,
Delamuch of the applicable moneys
fieid & Longfellow of New York
as the acceptable tenders permit,
Charlotte County (P. O. Punta
shall be applied immediately to
'City, N. Y., approving the bonds'
Gorda), Fla.
:in* all respects.
The Authority
the purchase of said bonds ten¬
Bond Sale—The $100,000 court
will pay the cost of printing the
dered at the lowest prices sub¬
refunding Issue of 1941 mitted, Each tenders must specify
Resolution and Official Statement house
-and of preparing the bonds, both bonds offered for sale on May 9 the serial number of bonds so
in temporary and definitive form. —v. 159, p. 1907—were awarded tendered,
and be accompanied
to R. E. Crummer & Co., of Or¬
with a certified check for 1 % of
No alternative bids will be re¬
lando, paying a price of 104.09, the face amount for the bonds
ceived or considered.
All bids
a net interest cost of 3.266%, for
purchased, payable uncondition¬
'must be unconditional.
A
bonds bearing 3% interest to June
ally to the Town. If any bidder
1, 1946, 3j/2%: interest from Dec.i whose tender is accepted shall
COLORADO
1, 1946 to June 1, 1951, and 4% fail to surrender the bonds ten¬
Lake wood Sanitation Dist. (P. O.
thereafter, t Dated
June 1, 1941. dered at the date and place speci¬
Lakewood), Colo.
/
Denom.
$1,000
and
$500.
Due fied in the notice of tender, the'
Bond Offering—Carl G. Morse, June 1, as follows: $4,000 in 1945 certified check
accompanying the
Secretary Board of Directors, will and 1946, $5,000 in 1947 to 1952, tender will be forfeited as liqui¬
receive sealed bids until 8 pa $6,000 in 1953 to 1956, $4,000 in dated
damages and placed in the
;on May 19 for the purchase of 1957, $7,000 in 1959 to 1962, and
sinking fund provided for the re¬
,$200,000 not to exceed 3% sanitary $6,000 in 1963. The next highest tirement of said bonds. Checks
sewer bonds. Dated June 1, 1944.
bidder was Dryden & Co., at a
accompanying the tenders will be
"Denom. $1,000: Due Dec. 1, as price of 102.88, a net interest cost
returned to unsuccessful bidders
follows: $8,000 in 1945 to 1948, of 3.286%.
after tenders are opened and tab¬
$9,000 in 1949 to 1951, $10,000 in
ulated, and will be returned to
Cocoa, Fla.
,1952 and 1953, $11,000 in 1954 to
successful bidders upon the sur¬
Refunding Contract — The City
1957, $12,000 in 1958, and $13,000
render of bonds accepted. Bonds
Council
recently completed an
in 1959 to 1963. Rate of interestaccepted for purchase shall be
fo be in multiples of 14 of 1%.= agreement with a syndicate con¬
surrendered and delivered to the
•None of such bonds will be sold sisting of Heinzelman, Ripley &
Town, at the above clerk's office,
at less than par and accrued in¬ Co., Inc., R. S. Dickson & Co.,
within 10 days after the holders
terest to date of delivery. Princi¬ Inc., Baker & Company, and Fox, of
the bonds accepted shall have
pal and interest payable at the Reusch &
Co., Inc., for the refund¬ been notified in writing to that
First National Bank, Golden. All
effect.
bids submitted shall specify the: ing of $820,000 outstanding bonds
r
2019
'
are
callable
at
000 in 1951.
par
interest payment date as
on
any
follows:
$100,000 on or after July 1, 1949;
$100,000 on or after July 1, 1954,
and $153,000 on or after July 1,
1959. The bonds are valid and leg¬
ally binding 'obligations of the
city, payable from unlimited ad
valorem taxes
on
all the taxable
property within the city, includ¬
ing homesteads. Legality of the
bonds to be approved by Cald¬
well, Marshall, Trimball and Mit¬
chell, of New York.
St. Petersburg, Fla.
Names Refunding Agents—E. L.
Other Bidders—Harry A. Little,
County Clerk, submits the follow¬
ing list of other bidders in con¬
nection with the, sale of the $95,000 funding bonds to the Harris
Trust & Savings Bank of Chicago
as 0.90s, paying a price of 100,018,
a
basis of 0.896%:
Irit. Rate
Bidder-
Daniel P. Rice & Co.0.90%
100.76
1
100.35
1
100.32
Stuart & Co—1
Paine, Webber, Jackson &
100.27
Nuveen
mittee
of
the
Council's
Com¬
Refunding, announces
that the city has employed Dixie
M. Hollins, manager of the St.
on
&
Co
™
C. F, Childs & Co.
Northern Trust Co.,
Chic,
Halsey,
Curtis..;„_—.—w—
1
100.05
1
R, S. Dickson &. Co.,
100.02
Chillicothe, III.
Cole, Vice-Mayor of the City, and
chairman
Price
100.003
1
John
Bond
tion
Sale
with
water
Details—in
the
revenue
Kindred
&
sale
of
bonds
Co.,
connec¬
the
to
$8,000
Barcus,
of Chicago, re-
159,
dated
p.
Nov.
April
resulted
8
issuing site purchase
School
No._ 34, III.
$75,000 building
bonds offered for sale on May 8
1V4S, paying a price of 100.069,
basis of about 1.242%. Due Nov.
as
a
bonds
designated for re¬
should be surrendered
office of the Harris Trust
the
Savings Bank, 115 West Monroe
Street, Chicago, Illinois, on or
after June 1, 1944, together with
all unmatured coupons pertaining
thereto.
Interest
redeemed
be
of 101.228.
Authorized
ordin¬
The general
—
1,
Not
Shows
the
with
report
-
in
C.
purchased by H. C. Speer &
Sons
Co.,
but have
not been issued as yet, and pos¬
sibly may not be issued at all.
j
in¬
creased $2,265,029 over March to
total of $84,099,943 on April 30,
William G. Stratton, State Treas¬
Chicago,
of
Omaha Township
fuel
receipts
tax
in
$1,417,064
the
Bond
Seven
Liquor
State
Tax
revenues
the
Hickory Township (P.
Charleston), III. J;/'
road
000
from
$140,000,000
deficit
the
Details—In
Sale
with
the
Paul
S.
Secretary,
bonds
Easton,
sold
were
Rockford
of
Conklin,
that
to
Boyd
reports
l%s,
as
at
par.
approximately
Hearing Scheduled
on
Bond Is¬
Proposal—The State Board
Appeals is said to have set 1:30
p.m. on May 16 as the time for a
Jess than for the preceding budget
period, compared with 1942, when
of
one-third
decrease
the
in
hearing
against the issuance by
of
Supervisors
of
$65,000 worth of bonds to pay for
the
58
No.
,
County School District
(P. O. Galena), III.
Daviess
120
Bond
tion
Sale
with
the
Details—In
sale
the protest of 14 county
on
residents
states
expendi¬
tures.
Jo
Board
voting
machines.
chines have
county
strated
connec¬
and
ma¬
already arrived in the
are
being
demon¬
election
for
The
officials
bonds,
tion
with
the
Details—In
sale
connec¬
of the
$10,000
park protection bonds to Paine,
Webber, Jackson & Curtis, of Chi¬
cago. report of which appeared in
V. 159, p. 1908, Jack P. Tabor, Sec¬
retary Board of Park Commis¬
reports that the bonds
sold as 2s, at a price of
sioners,
.were
105.055,
a
net
income
basis
incurred
fore
nor
during
bonds
the
issued there¬
duration of the
present war as Federal taxes are
increasing and the county should
do what it
can
and
of government
of
costs
incurring
to reduce expenses
more.
instead
Iowa law per¬
mits the issuance of bonds for the
purchase of voting machines with¬
of out
a
vote 'of thg
people, County
nection with the issuance and sale
The
bonds.
is re¬
served to reject any and all bids.
Enclose a certified check for $2,of
these
right
000, payable to the County Treas¬
'J .U--: J-;; J777,
urer.
Russell, Ky.
$3,000
Maiden,
Sale—The
Note
works
sale
revenue
April 1—v. 159, p. 1292—
awarded to the City Water
on
were
Trust
County
offered for sale
on
Mass.
$250,000 notes
May 9—v. 159,
to
the
Merchants National Bank of
Bos¬
awarded
1908—were
p.
ton
Dated
discount.:
0.384%
at
1944 and payable Dec. 8,
1944. Other bidders were as fol¬
May 9,
lows:
Discount
0.39 Vo
0.397?/,
0.403
Bidder—
First
National Bank, Maiden——
Maiden
First
Lee
Co
Trust
Boston
———
Corp
—
Higginson Corp
Leavitt
&
0.408
———
Co
/Middlesex
0.41
——--
County Trust Co.,
—0.41
_____
Shawmut Bank,
National
water
bonds offered for
Sale—The
Bond
Sachs
Goldman,
&
0.42
Boston.
0.423
Co.—'
Methuen, Mass.
Bond Sale—The $47,000 coupon
bonds offered for sale on May 5—
Depreciation Fund as 4s, v.
159, p. 1908—were awarded to
Denom. $1,000. Due April
Tyler & Co., of Boston, as Is, at
1, as follows: $2,000 in 1955 and a
price of 100.555, a basis of about
$1,000 in 1956. :V?7Vv7y.:;;;.J,-;; •J;.'
0.80%, as follows:
?
Works
at par.
LOUISIANA
Washington Parish, Bttgalusa
School District (P. O. Bogalusa),
La. J';/.'v',,lY'--J JVJ1'.':,
Bond Election—An election has
been called for June 6 to submit
$650,000
to the voters an issue of
construction bonds,
$7,000 Highfield's stadium build'-*
ing bonds.
Due $1,000 May
1, 1945 to 1951.
,
20,000 fire
department
equip¬
ment bonds.
Due $5,000 May
1, 1945 to 1948.
20,000 sewer construction bonds.
Due $4,000 May
1, 1945 to
J?..
1949.
has been called for
submit
to
of
the
to
May
voters
an
airport bonds,
mentioned in v. 159,
$40,000
previously
p. 1908.
Pleasant Hill Rural
Independent
$30,000 build¬
Sale—The
ing bonds offered for sale on May
159, p. 1908—were awarded
8—v.
Capital City State Bank,
of Des Moines, as IV4S, paying a
price of 101.35, a basis of about
1.035%. Due $3,000 June 1, 1946
to 1955.'
the
to
awarded
1908—were
p.
to
Bank of
National
the
Boston
discount. Dated May 15,
0.40%
at
$25,000,
$50,000,
Denom.
1944.
School District, Iowa
Bond
May
and $5,000. Due Dec. 31,
highest bidder was
$10,000
1944. The next
1944.
1,
Int. Rate Price
Bidder—
Arthur
Perry & Co
Bank,
National
First
Second
Denom.
Other bidders were:
$1,000.
Lewiston, Me.
Note Sale—The $500,000 notes
offered for sale on May 9—v. 159,
Second
.
Dated
MAINE
Clerk, reports that an
ealy, City
Nat.
1
100.529
100.513
1
100.29
1
100.283
1%.
_____
Boston
Bank, Boston
Halsey, Stuart & Co._
Mass.
Note Sale—The $500,000 notes
offered for sale on May 11 were
sold at 0.368% discount, as fol¬
Quincy,
Goldman, Sachs & Co., at 0.405%
lows:
discount,
$250,000 notes to the Second,Na¬
tional Bank, Boston, Boston
Safe Deposit & Trust Co. Due
Portland
Me.
District,
Water
Offered—A syn¬
dicate composed of Phelps, Fenn
&
Co., Goldman, Sachs & Co.,
both of New York, Arthur Perry
X-.J Sarasota, Fla.
Refunding Contract—A syndi¬ & Co., of Boston, Estabrook & Co.,
Stone
&
Webster and Blodget,
cate composed of .Shields & Co.,
Allen & Co., of New York, Munic¬ Inc., both of New York, Equitable
ipal Bond & Investment Co., of Securities Corp., Paine, Webber,
Memphis, Cohu & Torrey, of New Jackson & Curtis, of .New York,
York, and Leedy, Wheeler & Co., and Pierce, White & Drummond,
of Orlando, has entered into a of
Bangor, is oferring $325,000
contract
to
refund
$5,199,000 1%% water refunding bonds.
Dated Mar. 1, 1944. Denomina¬
bonds of the City.
tion $1,000.
Due Mar. 1, 1973.
Story County (P. O. Nevada),
Principal and interest payable at
Bonds Fublicly
1944.
Dec. 11
the
250,000 notes to
tional
Bank,
18
Dor
First
Na¬
Due
Boston.
1Q44
;
>
\..
■
J>.«
•
^
Iowa
Sale
Bond
,
the National
H.
G.
■|irtiuni
Ludurg,
Treasurer, reports
that
Iowa-Des
Moines
National
County
the
Co., of Des Moines,
purchased the $100,000
County Hospital Bonds authorized
at the eelction held in June, 1943,
Bank & Trust
recently
Is, paying a price of 101.50.
O. Pineville), Ky.
Bell County (P.
Bond
Sale—The $114,000 bonds
sale
for
offered
May
on
10—
159, p. 1811—were awarded to
v.
the
Weil,
Cincinnati,
Roth & Irving Co., of
as follows:
$87,000 road and bridge refunding
bonds. Due June 1, 1965, as
price of
2%s,
at
a
basis
of
about
of
price
103.46,
a
of
Denom.
Bone
County
Bond
Sale—The
Burlington),
-
building revenue refunding bonds
offered for sale on May 9—v. 159,
1812—were awarded to Charles
Co., and Hill & Co.,
both of Cincinnati, as 2%s. Dated
p.
A. Hinsch &
Denom. $1,000. Due
June
1, 1944.
Dec.
1, as follows: $1,000 in
to 1950,
1944
$3,000 in 1951 to 1958 and
$5,000 in 1959 to 1961.
Bond
Offering
—
Mary Russell
Williams, -County Clerk, will re¬
ceive sealed bids until 10 a.m. on
May 22 for the purchase of $26,000
road
and bridge refunding
bonds.
June 1,
Dated
as
June
1,. 1944.
Due
follows, $2,COO in 1947
bidders
as
were
&
0.383%
Co.,
at
discount, and
0.414% dis-
count.
'
,
Swampscott, Mass.
i v:-'J
•Note Sale:—♦ The $24,000 notes
•c
.
.
Stoneham, Mass.
Mass.
offered for sale
awarded
to
on
the
Chase
until
The
—
Town
at 0.40% discount,
premium of $125. Interest
follow.
Dated May 15, 1944.
for
15
the
pur¬
$100,000 notes. Due Nov.
16, 1944.
Bros. & Hutzler,
Pressprich & Co., all
W.
M^v
noon
chase of
Salomon
R.
Offering
Treasurer will receive sealed bids
$6,000,000 notes
May 11 were
National
Note Sale—The
%'V
v'.JJvf-i'
MICHIGAN
of New York,
to
Due Nov.
est
Adrian, Mich.
a
2, 1944. The next high¬
was Halsey, Stuart &
bidder
plus a premium of $78. at
discount.
The only other
was
First Boston Corp.,
and Chemical Bank & Trust Co.,
Bond
will
Offering—The City Clerk
receive
p.m. on
bids
sealed
until
3
June 5 for the purchase of
Co.,
$125,000 not to exceed 4% water
0.41%
revenue
bidder
1944.
New York, plus a
premium of $38,
discount.
at 0.47%
Bristol
Calloway County (P. O. Murray),
Ky.
at
Leavitt
Note
",;j plus
$46,000 school
Other
Boston,
MASSACHUSETTS
and
(P. O.
Ky.
discount.
follows: National Shawmut Bank,
,
Bank,
$1,000.
1944.
Denom.
$25,000, $10,000 and $5,000.
The
next highest bidder was Harri¬
man Ripley & Co., Inc., at 0.379%
offered
These bonds,
Boston,
basis
12,'
May
purpose
102.44, a
about 2.85%.
•
Bank of Commerce,
Dated'
for sale on May 8 were
issued for
awarded to Tyler & Co., of Bos¬
of refunding a like
principal amount of outstanding ton, as %s, at a price of 100.259,
a
basis of about 0.697%.
Dated
3V2%bonds, will constitute, in the
Due May 15, as
opinion of counsel, valid and legal May 15, 1944.
follows: $3,000 in 1945 to 1948,
binding obligations of the District,
and $2,000 in 1949 to 1954.
Other
payable as to both principal and
bidders were as follows:
interest from the revenues of the
Bidder—
int. Rate Price
Water
System
of the District.
Second Nat. Bank, Boston
3,-4
100.17T
Also, in their opinion, the prop¬ Security Trust Co., Lynn__ : %
100.15
erty of the inhabitants of the Arthur Perry & Co
1
vr; 100.84
District may be taken to pay the
Note
Offering —
The Town
principal of, and interest on, said Treasurer will receive sealed bids
bonds.
Legality
approved
by until 10 a.m. on May 15 for the
Masslich & Mitchell, of New York,
purchase of $200,000 notes. Due
and Cook, Hutchfnson, Pierce &
Nov. 15, 1944. No telephone bids
Connell, of Portland.
will be considered.
Portland.
the
2.011%.
27,000 refunding of 1944 bonds.
Due June 1, 1971, as 3V4S, at a
1
Sale
a
burn
and
bidder
Co.,
Taunton, at 0.419% discount.
Bristol
was
dated
County
0.397%
tional Bank, Attleboro, at
discount.
The only other
—
of
.
Bond
Perry, Iowa
Bond Election
Donald Kan-
of the $40,000
report
February, be resubmitted
November.
to the voters in
and
voters in preparation for the pri¬
which mary election June 5. Because of
appeared in v. 159, p. 1908, H. N. this protest the sale of the bonds,
Hollander,
Secretary
Board
of which had been scheduled for 10
Education, reports that the bonds a.m. April 25, was cancelled. All
were
sold to4 Mason, Moran & sealed bids received will be re¬
Co., of Chicago, as 2%s, at par. turned unopened. Taxpayers pro¬
Dated June 15, 1.943. Denom. $1,- tested to the purchase of the vot¬
000. Due Dec. 1, as follows: $1,000 ing machines on the grounds that:
in 1944 to 1948, $2,000 in 1949 and
(1) purchase price is too high; (2)
1950. $3,000 in 1951 and 1952, and voting machines are not a vital
$5,000 in 1953 to 1957.
necessity for this county; that it
is needless expense and that such
Joliet Park District, III,
additional expense should not be
funding
carry
KENTUCKY
County (P. O. Mason
City), Iowa
of
a
in
to
Cerro Gordo
of
suance
than
tion
as
half of the 48 states last year were
showed
failed
IOWA
expenditures for more than one-
less
that
connec¬
of the $80,300
sale
bonds,
District
7% above the 1942 amount. Total
.
airport bonds
at the elec¬
$115,000
(P. O. Rockford), III.
Bond
Revenues Up —
from
alcoholic
was
the
that
'
tion
taxes
O.
construction bonds.
and
Dist.
last
)
tobacco
in
Winnebago County Non-High Sch.
taxes
states
held
election
the
at
Bonds Voted—A recent election
continued to rise
last year, despite rationing and
curtailed production, to an esti¬
mated $285,000;000, the Taxpayers'
Federation of Illinois reported on
May 3. Estimated 1943 yield to
beverage
Skelton,
resulted in favor of issuing $20,-
$588,959,858 in the state treasury,
.
D.
W.
—
November, have been sold.
period, and aggregated $10,602,783. Regular treasury funds
increased $4,466,794 with a bal¬
ance
of
$164,533,311, and trust
funds rose $1,598,367 to a $424,426.548 balance, giving a total of
than'
Sale
thorized
in¬
first
1943
$6,065,1617; more
month.
*'
1
'
Township Clerk, reports that $10,000 road improvement bonds au¬
-
four 1944 months over the similar
-or
(P. O. Omaha),
III.
urer,
creased
.vV;
signed requesting
tions have been
Elliott, Deputy City Clerk,
a
"Motor
1946.
and
Marshalltown, Iowa
Bond Petitions Signed — Peti¬
reports that the bonds were
to be
revenue
announced recently. Of the
total, *'$45,000,000
is segregated
into the general revenue invest¬
ment fund.
,•
:
'
County Auditor, now re¬
ports that the bonds were sold
as 4s, and mature Dec.
1, as fol¬
lows: $11,000 in 1944, and $12,000
1945
the
of
legal opinion of Peter, Hey&
Marshall
of Louisville,
will pay all expenses in con¬
and
connec¬
of the $35,000
the sale
Faith,
issue
Completed—In
Details—In
Sale
with
appeared in v. 158, p. 726, H. J.
in
and
terms
the
to
issued
Maiden
refunding bonds, report of which
29
III.
159, p. 261, of the sale of the
$20,000 working cash fund bonds,
now
State of Illinois
of the
by
v.
H.
Fund
Revenue
General
..
Increase
Sale
connection
(State of)
Illinois
Bond
tion
1951
be
May 2, 1944, which order may be
inspected at the office of the
County Clerk at any usual hour
by
any
interested
party.
The
County will furnish printed bonds
Iowa
Logan),
[•
election
Bond
ance'calling for an issue of $30,000 working cash fund bonds.
election
Drainage District (P. O.
ties Joint
to
June
cease
Metropolis,
City
The
—
Council recently passed an
.fund
bonds
the
on
will
1944.
Herrin, III.
Bonds
1728,
1830,
1953,
2072,
2154,
&
1, as follows: $5,000 in 1949 to
1951, and $10,000 in 1952 to 1957.
The next highest bidder was John
{Nuveen & Co., for IV2S, at a price
the
at
Legality approved
March.
in
paid
the
These are
1957.
to
authorized
by lot are as fol¬ Chapman & Cutler, of Chicago.
.0;y.v:~
1611, 1662, 1695, 1702,
1762, 1784, 1809, 1820,
1887, 1905, 1923, 1927,
1968, 2030, 2044, 2069,
2095, 2107, 2135, 2140,
2291.
demption
at
1955
1,
24
purchase of $15,000 build¬
bonds
the
to be redeemed and
so
Said
1908—were awarded
Ripley 4 & Co., Inc.,
p.
Secretary
receive
will
Directors
Harrison and Pottawattamie Coun¬
1579,
1739,
1831,
1957,
2074,
2283,
Bond Sale—The
159,
of
numbers
13, 25, 59, 131, 137, 138, 203, 325,
343, 346, 361, 377, 390, 433, 477,
483, 570, 732, 733, 736, 738, 740,
793, 809. 846, 871, 885," 943, 947,
957, 958, 961, 1014, 1015, 1105, 1132,
1141, 1173, 1187, 1195, 1225, 1283,
1305, 1444, 1500, 1502, 1546, 1559,
sold to H. C. Speer & Sons
Harriman
The
determined
as
such
of
4%
lows:
Co., of Chicago, ; at par.
Dated
Sept. 1, 1943. Due $5,000 June 15,
4957 to 1960.
^ - vVi-j"''.',
to
Offering—The
of
for the
and a pre¬
■ principal
redemption,
of
bonds
bonds, as 4s, report of
which appeared in,v. 159, p. 1908,
H< E. Hinkel, Superintendent of
Schools, reports that the bonds
—v.
of
amount.
funding
District
trict, Iowa
ing site bonds. Dated May 1, 1944.
Denom. $1,000.
Due $5,000 Nov.
mium
Sale
Glenvieu) Consolidated
Dis¬
Independent School
Bond
all
to
in
will
bonds
The
Court
cal
Decorah
Board
$3,000
and
1950,
conditions of an order of the Fis¬
urer.;''-';.-'
city
The
—
sealed bids until 2 p.m. on May
date
in favor of
bonds.
Details—In connec¬
tion with the sale of the $20,000
''
Notice
Call
Raymond, County Treas¬
terest accrued thereon to the said
County School District
No. 45 (P. O. Villa Park), III/
w$re
pursuant
L.
1, 1964, on June 1, .1944, at the
principal amount thereof plus in¬
Du Page
Bond
1956.
$80,000 4% Kingshighway bridge revenue bonds
dated June 1, 1939, due on June
election held
Voted—An
to
questioned concerning the matter.
redeem
will
School District
(P. O. Tinley Park), III.
Bonds
on
Bond
County
No. 146
Attorney M. L. Mason stated when
Madison, III.
000. Due May
Cook
are
1,1952.
,
1, as follows: $3,000
in 1967, and $5,000 in 1968. Prin¬
cipal and interest payable at the
First National Bank, Chillicothe.
and
1943
1,
mature
—I.
Nov.
bonds
The
1.389%.
about
1811, Mrs. llion Wait Crabel,
City Clerk, reports that the bonds
bear interest at 4%. Denom. $1,-
port of which appeared in v.
'
Monday, May 15, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2020
Taunton),
Sale—The
of
Bank
000.
May
Dated
discount.
Denom.
Boston
at
0.387%
9,
1944.
$10,000 and $5,Nov. 14, 1944.
The next
$25,000,
Due
highest bidder was the
1
J".
f
!
First Na:
•}•,-<)'-
1,
Due
Graded
Township
School District No.
11
(P. O. Ann
Arbor)f Mich.
$250,000 notbs
offered for sale on May 9 were
awarded to the National Shawmut
June
$1,000.
$15,000 in 1946
to 1952, and $20,000 in 1953.
Mass.
Note
Dated
June 1, as follows:
Northfield
(P. O.
County
bonds.
Denomination
Bond
bacher,
District
receive
sealed
(EWT)
on
May
16
until
.;
Rora-
Secretary,
bids
J,
•:
Offering—Albert
8
for the
will
P.
M.
pur¬
chase of $25,000 not to exceed 3%
coupon
building bonds.
Dated
Denom. $1,000. Due
May 1, 1944.
$5,000 May 1, 1945 to 1949.
Rate
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4281
[Volume 159
•
(
..
'
of interest
■
,,
|
in multiples
be
to
. .
The
Arbor.
Ann
bonds
Bonds Publicly Offered—A syn¬
shall be
$35,000 road
bonds offered for sale
May 9—v. 159, p. 1812—were
awarded to Piper, Jaffray & Hopand bridge
on
net interest cost, interest on
premium will not be considered
as
deductible, and interest on
the
paying
bonds will be computed from date
,}.
bids
No pro¬
posal for less than all of the bonds
will
considered.
be
District
The
is authorized and required by law
to levy upon all the taxable property
therein
such ad valorem
taxes as may be necessary to pay
c
I
the
<,
within
years
an
''
1944.
.
bids
1, 1944.
Denomina¬
June 1, as follows:
in 1947 to 1950, $1,500 in
1951 to 1955, $2,000 in 1956 to 1961,
tion $500. Due
$1,000
and
shall be paid by
terest
shall
bonds, payable to the
value of the
District
Treasurer.
Bond
Sale—The
Pentwater, Mich. } [
r
Clerk
Village
of
reports that the Oceana County
Savings Bank of Hart purchased
|
[
;
May, 1943.
Minneapolis, without cost to
No conditional bid
bids for less than par and ac¬
or
crued interest will be considered.
Enclose
University of Michigan (P» O. Ann
Mich.
'
dormitory
of Kalamazoo,
& Co.,
Proposal
.
*
'$95,000 June and $100,000 Dec. 1,
k
1955, and $100,000 June and $145,,000 Dec. 1. 1956.
Redeemable^
*
whole
Dec.
1, 1945,'or at any
coupon date thereafter at
100.50
on bonds due June 1, 1946 to June
1, 1947 inclusive; 100.75 on bonds
due Dec. 1, 1947 to Dec. 1, 1950,
Inclusive, and 101.00 on bond^
due June 1, 1951 to Dec. t, 1956,
inclusive.
Redeemable
in
part
a
from
1,
excess
1945,
or
'thereafter
on
Dec.
on any coupon date
in
inverse numerical
order at 101.00.
terest
income
net
Principal and in¬
payable at the Ann Arbor
Trust
Co,,
Arbor.
Ann
These
bonds will be issued by the Board
of
the University of
body corporate, cre¬
the State Constitution,
of
Regents
.Michigan,
ated
by
and
a
vested
with
the authority
to
operate the University of Michi¬
gan at
-from
Ann Arbor.
the
sale
of
The prpceeds
this
issue,
to¬
gether with other funds now on
hand will be used to redeem the
outstanding $2,602,000 bonds of an
original
issue
of
$3,550,000,
3%,
Been Dropped—
proposed is¬
Has
In connection with a
sue
of $25,000
road
removal and
Joseph
Village
Clerk,
reports
project has been dropped.
snow
bonds,
machinery
Justad,
that the
*
'J
■
MISSISSIPPI
J
,
1, 1944. Denomina¬
tion $1,000.
Due July 1, as fol¬
lows: $9,000 in
1945, $15,000 in
$17,000 in
$26,000 in
able
f
solely from the gross room
Bond
tion
2%
Details—In
Sale
*
connec¬
sale of the
the
with
$50,000
bonds to Lewis &
refunding
Co., of Jackson, report of which
appeared in v. 158, p. 1582, A. D.
Morris, City Clerk, reports that
the bonds were sold at a price of
100.465.
Dated Oct. 1, 1943.
De¬
Oct.
Due $5,000
$1,000.
nom.
1,
Net income basis of
1944 to 1953.
operations of the various
dormitories of the university and
their
be
dining
rooms.
Legality to
approved by Miller, Canfield,
Paddock & Stone, of Detroit, for
the
underwriters;
and
Burke; &
Burke of Ann Arbor, for the
versity.
uni¬
a successful
completion of its pro¬
posed refunding with a minimum
of delay.
There was further dis¬
ability
.
duly moved and seconded:
was
Resolved, that the funding Com-'
mission
hereby
assents
to
the
Mayor and Council of the Bor¬
ough of Runnemede accepting the
offer to exchange $245,000 3M>%
callable
refunding bonds dated
Aug. 1, 1940, for $245,000 3% re¬
funding bonds dated Feb. 1, 1944;
with
the
bonds
be
provision that the
maturing
est rate of interest without refers *
callable
at
in
1964
to
new
1968
in- accordance
par
the
General
Municipal Law of
New York and Chapter 438 of the
Laws of 1920 of New York, as
amended.
The City is authorized
required by law to levy upon
property of the City
such ad valorem taxes as may be
necessary to pay the bonds and
and
all
taxable
the interest thereon without limi¬
tation
City
as
to
rate
operates
charter
or
amount.
under
enacted
by
The
special
a
Chapter
438
of the Laws of 1920 of New York
and the amendments thereto. The
enactment, at any time prior to
the delivery of the bonds, of Fed¬
eral legislation which in terms,
by the repeal or omission of ex¬
emptions or otherwise, subjects to
with schedule attached to the said
a
proposal; said assent being given
on
Federal income tax the interest
bonds
of
a
class
or
character
the
to
exchange on a par-for-par which includes these bonds, will,
principal basis with accrued in¬ at the election of the purchaser,
terest adjusted to the date of ex¬ relieve the purchaser from his ob¬
change.
ligations under the terms of the
able at the Public National Bank
County,
cipal and interest from unlimited
ad
valorem
able
taxes
all the
on
School
tral
Legality
approved by Reed, Hoyt & Wash¬
burn, of New York.
therein.
property
until
Public
.
7:30 P.M.
of
interest
6%
District
of
bonds
refunding
$42,000,000
the
$410,000
re¬
of
Board
recently
on
Finance
final hearing
ordinance
tentatively set for May
an
to
are
issued
be
exceed *
at
a
rate not to
of
29, according to press reports on $47,600. ; The balance of $2,400
has been provided for in the 1944
May 9.
About 75% of the issue
will
comprise serial obligations tax budget., ;
has
and
been
remainder
the
term form,
it
was
will
be
in
said.' The over¬
maturity schedule is expected
to be 27 years.
Two large syndi¬
cates have been formed to com¬
One will be
jointly headed by Smith, Barney
&
Co., First Boston Corp. and
Harriman Ripley & Co., Inc., and
the other by Halsey, Stuart & Co.,
Inc., Blair & Co., Inc., and John
Nuveen & Co.
Harlan
No.
County
18
School
6%,
in
the
amount
Pennsauken Township (P.
sauken) N. J.
-
all
pete for the offering.
Bond
the
$500,000
not
coupon
Sale—The
$50,000
gen¬
eral
improvement bonds offered
on May 8—v. 159, p. 1813
—were awarded to Dolphin & Co.,
of
Philadelphia,
21/2S, paying a
of about
1,
1944.
Due $5,000 May
as
price of 100.30, a basis
2.441%.
Dated
May
Denom.
$1,000.
1, 1945 to 1954.
of
election
Debt Refunding Plan Approved
At the regular
April 4 the voters ap¬
proved all of the seven proposals
totaling $252,605 by majorities of
about two-to-one. The proposals
were
on
follows:
as
No.
to reimburse
advanced for pur¬
1—$7,605.58
state for money
chase of airport site.
No.
2—$25,000
to
and
street
road
ment;
'•>
■
No.
purchase
equip¬
working
3—$10,000
for
i''
—The following report is taken
Co., of Omaha, purchased from the minutes of the Local
recently $15,000 2% % refunding Government Commission at Tren¬
bonds. Dated May 1, 1944.
Due ton meeting of May 1:
debtedness
details will be furnished the
mission at
an
early date.
of
the
Borough
of
Runnemede, which said plan' was
approved on April 24. Mr. Bow¬
com¬
fund¬
ing bonds offered for sale on May
10—v. 159, p. 1909—were awarded
to Halsey, Stuart & Co. as 0.80s,
paying a price of 100.036, a basis
of about 0.733%. Dated April 1,
1944.
Denomination $1,000.
Due
April 1, as follows: $35,000 in 1945
to 1947, and $41,000 in 1948. Other
bidders
were
follows:
as
'Ira
Haupt & Co., and Gruntal & Co.,
municipal
to,
reimburse
money
advanced for
purchase of Bruns hospital site.
No. 5—$100,000 for street and
road improvements.
4—$50,000
for
No.
of
6—$10,000 for construction
department station at
fire
a
Montezuma and Hancock.
No:
7—$50,000 for flood control.
(This
report
supersedes
the
bulletin
carried
in
our
issue of April 17—v. 159, p. 1605.)
speaking for the Mayor and
man,
Council of the Borough of Runne¬
mede,
&
Co.
to
stated that
had
Boland, Saffin
transmitted
an
offer
$245,000
3%%
callable
refunding bonds dated
Aug. 1, 1940, for a like amount
of new 3% refunding bonds dated
Feb.
exchange
1, 1944, said exchange to be
Auburn, N. Y.
Offering — J. A. Keller,
Bond
Comptroller,
sealed
on
ous
bids
May
22
until
for
11
the
obligations
of vari¬
local units in the State.
York
City securities
New
account for
$4,714,920 of the grand total of
$7,076,920. Mr. Moore states that
excepting in the case of the city
bonds, a copy of the legal opinion
as originally rendered will accom¬
pany
each lot.-
Each proposal must
state in dol¬
for each
lot of bonds bid for and
on said proposal.
will not include ac¬
accrued inter¬
est to date of delivery will be
added to the bid price.
No bid
for part of a lot will be consid¬
ered.
Each proposal must be ac¬
companied by a certified check or
bank draft upon a solvent bank
or
trust company in the State of
New York, payable to the order
of the "Comptroller of the State
of New York/' for at least 2% of
the par value of the bonds bid for.
yield based
The bid price
crued interest, but
No interest will be allowed on the
NEW YORK
City
The offer includes 59 lots
representing
the
: parks.
No.
state
funds.
lars and cents the amount offered
Bond Sale—The Robert E. Sch-
Township (P. O. Mount
Holly), N.J.
Refunding Discussed—At a re¬
cent meeting of the Local Gov¬
ernment Board, a plan for re¬
funding indebtedness of the towpship was discussed.
Additional
N. Y.
Sale—The $146,000
-
Bonds Voted
weser
Chester
New Rochelle,
Bond
the
election
Runnemede, N. J.
District
NEW JERSEY
City.
holder.
5%
O. Penn-
for sale
(P. O. Mascot), Neb.
thereafter.
the
A certified check for for 0.80s, at a price of 100.029; Na¬
bonds, payable to the tional City Bank, New York, for
order of the County Treasurer, is 0.90s, at a price of 100.05.
funding bonds mentioned in v. 159,
required.
Certified transcript of
p. 885, Robert B. Galloway, Bor¬
New York (State of
ough Clerk, reports that the issue bonds, executed bonds and ap¬
Offering
of
Bonds
Held
In
proving legal opinion of Pershing,
was ? not authorized by the State
Sinking Funds—Frank C. Moore,
Department of Local Government, Bosworth, Dick & Dawson of Den¬ State Comptroller, will receive
ver will be furnished the success¬
as time did not permit the Board
sealed bids at his offices in Al¬
ful bidder. Payment and delivery
to study the refunding plan be¬
bany until 2 p.m., (EWT) on May
of bonds to be made at the Albu¬
fore the call date of the
out¬
18 for the purchase of $7,076,920
querque National Trust & Savings
standing bonds.
;
fully registered New York State
Bank, Albuquerque.
municipal bonds now held by him
7;^Paterson, N. J.
in trust for various State sinking
Santa .Fe, N. Mex.
with
connection
passed
Power
certified check for $1,500, payable
to
June 5 for the
on
purchase
Albuquerque,
-
appropriating $50,000 for the
purchase of street
(P. O. Columbus), Neb.
Tentative Bonld Sale Date— cleaning and snow removal equip¬
Date of sale of the projected issue ment. Five-year equipment bonds
Consumers
Bldg.,
sealed bids
offices, Cen¬
to ex¬
school
Lower Penns Neck Township *
building bonds. Dated June 15,'
School District (P. O. Salem), N. J. 1944. Denom.
$1,000. Due June 15,
Bond Sale—The District Clerk as follows:
$28,000 from 1947 to
reports. that the State- Teachers' 1963 incl. and $24,000 in 1964.
Pension and Annuity
Fund has Principal and interest (J-D 15)
purchased the $75,000 building ad¬ payable at the State Treasurer's
dition
bonds
authorized
at
the
office, Santa Fe, or at the Cen¬
election- held in November, 1943. tral Hanover Bank & Trust
Co.,
New York City, at the option of
North Arlington, N. J.
Passed—The
NEBRASKA
receive
ceed
Snow Removal Bond Ordinance
1.909%.
will
at the school board's
tax¬
.
about
rents and the net income derived
from the
be
to
relating to the market¬
of
the
new
refunding
bonds, debt percentage, etc., after
which
the
following resolution
1947,
1949,
$1,000 May 1, 1947 to 1961. Bonds
Mr. Bowman appeared before
dormitory revenue bonds, dated. maturing in 1950 to
1961, are op¬ the Commission with respect to
Aug. 1, 1939. The bonds are pay- tional on May 1, 1949, or any time the plan for refunding the in¬
>
accrued interest
cussion
$23,000 in
$30,000 in
1950 and 1951, $33,000 in 1952,
$36,000 in 1953, $41,000 in 1954,
$58,000 in 1955 and 1956, $65,000
in 1957, $69,000 in 1958, $77,000
in 1959, $80,000 in 1960, $83,000 in
1961, $84,000 in 1962, $87,000 in
1963, $90,000 in 1964, , $95,000 in
1965, $106,000 in 1966, $110,000 in
1967, $113,000 in 1968, $117,000 in
1969, and $68,000 in 1970. Bonds
maturing in 1970, callable July 1,
1946; bonds maturing in 1969, call¬
able July 1, 1947; and bonds ma¬
turing in 1968, callable July 1,
1948; all at par and accrued in¬
1946,
1948,
Bond Issue Not Authorized—In
'
C \:y
Laurel, Miss,
and
Donovan, Gilbert & Co., of Lans'ing. Dated June 1, 1944.
Denom.
$1,000.
Due $80,000 Dec. 1,1944,
$80,000 June and Dec. 1, 1945,
$85,000 June and Dec. 1, 1946 and
1947, $85,000 June and $90,000
Dec. 1, 1948, ; $90,000 - June -and
Dec. 1, 1949 to 1951, $90,000 June
•and $95,000 Dec. 1, 1952, $95,000
June and Dec. 1, 1953 and 1954,
■
Larson,
St. Louis Park, Minn.
$2,300,-
revenue
■■
der
M.
District Treasurer.
refunding
bonds was purchased on May 3,
at par, by a syndicate composed
of the First of Michigan Corp.,
Watling, Lerchen & Co., Crouse,
Bennett, Smith & Co., Cray, Mc"Fawn & Co., Miller, Kenower &
Co., all of Detroit; E. H. Schnei¬
000
Richard
to
■
-
"Bond Sale—An issue of
certified check for $620,
a
payable
Arbor),
refunding bonds.
Dated June
payment
the purchaser.
$6,000 bridge repair bonds authorized at the election held in
|
000 3%%
June 1,
on
tified check for 5% of the par
j
■
.
& Trust Co., New York, or at the
1956, and on any in¬
Lodi Trust Co., Lodi. These bonds,
date thereafter.
contract of sale and entitle the
Principal and interest payable at part of an authorized issue of
NEW MEXICO
any suitable bank or trust com¬ $2,079,000, are issued for general
purchaser to the return of the#
refunding purposes, constituting,
amount
pany designated by the purchaser.
deposited with the bid.
in the opinion of counsel, valid Albuquerque Municipal School Dis¬
The
District
will
furnish
the
The
opinion of Reed, Hoyt &
trict (P. O. Albuquerque), N. Mex.
and
legally binding direct and
printed and executed bonds and
Washburn, of New York, that the
Bond Offering — James Bezethe approving opinion of Dorsey, general obligations of the Bor¬
bonds are valid and binding obli¬
mek,
Treasurer
of
Bernalillo
Colman, Barker, Scott & Barber, ough, payable as to both prin¬
gations of the City. Enclose a
the District. The
pay 1 the cost of
printing the bonds. Enclose a cer-
District
;
at the option of the District
par
1
Boland, Saffin adjusted as of the date of ex¬ ence to premium, and if two or
more bidders offer the same low¬
Co., Allen & Co., both of New change.
There was discussion as to the est rate of interest the bonds
York, Julius A. Rippel, Inc., of
will
Newark, McDougal & Condon, of merits of this plan and the advis¬ be awarded to the bidder offering
Chicago, Commerce Union Bank, ability of accepting the proposal, the highest premium, The bonds
of Nashville, Irving J. Rice & Co., it being pointed out that such a cannot be sold for less
than par
of St. Paul, Robert Hawkins & plan would eliminate a consider¬ and accrued interest to
date of
Co., of Boston, and Thomas & Co., able amount of double interest delivery. The bonds are to be
of Pittsburgh, is offering $1,620,- and would assure the
borough of issued pursuant to Section 8 of
$2,500 in 1962 to 1964. Bonds
maturing on or after June 1, 1957,
to be subject and prepayment at terest. Principal and interest pay¬
The cost of such opinion
bonds.
purchase of $31,000 not to
2J/2%
refunding
bonds.
June
Dated
the
of
legality
until
exceed
the unqualified opinion of
Carl H. Stuhrberg, of Ann Arbor,
the
Clerk, will receive sealed
10.30 a.m. on May 16
District
for the
1944 to 1948, both inclusive,
election held on April 25,
Bids shall be conditioned
approving
O.
Hillaire), Minn.
Offering—H. L. Holmes,
Bond
upon
>
Independent
St.
the
for
valuation
assessed
the
at
County
School District No. 102 (P.
Property Tax Limitation Act. The
District authorized an increase in
the tax rate limitation to 2.3% of
t
1,
„
by Section 21, Article X, of the
State Constitution and the State
K-
Dated
Denom.
prescribed
limitation
the
May
Pennington
and interest thereon,
bonds
basis
a
1.326%,
$1,000. Due May J,
as follows: $2,000 in 1946 to 1955,
and $3,000 in 1956 to 1960.
The
next highest bidder was North¬
western National Bank,
Minne¬
apolis, and C. S. Ashmun Co., for
1%S, at a price of 101.10.
spective maturity dates.
"/
IV2S,
as
price of 101.26,
a
about
1944.
to be received to the re¬
are
Minneapolis,
of
v\(ood
of
,
par-for-par principal ed to the bidder offering the low¬
a
basis with
,
&
Sale—The
Bond
6n
,
dicate composed of
Minn.
produces the lowest interest cost
to the District.
In determining
«
1),
Farming (P. O. Albany, R,
awarded to the bidder whose bid
?
made
Lodi, N. J.
MINNESOTA
of
Principal and interest
payable at the Ann Arbor Bank,
% of 1%.
.f
2021
•■
will
receive
a.m.
(EWT)
purchase of
good faith check.
Each
awarded
individual
to
the
lot
will
be
bidder
offering
the highest dollar price therefor.
If an identical price is named by
two or more bidders, the Comp¬
$75,000 coupon or registered re¬
troller will make the award by
funding bonds. Dated May 1,1944.
lot.
; 7%/;
Due May 1, as follows: $45,000 in
Delivery will be made against
1948, and $30,000 in 1949. Rate of
payment at the Bank of the Man¬
interest to be in a multiple of
or
one-tenth of 1% and must be hattan Company, 40 Wall Street,
the same for all of the bonds. New York City, not later than
.Principal and interest payable at May 22.
the City Bank Farmers Trust
Co.,
Comptroller Cites Payments On
proposal for less
con¬
Borrowings — Comptroller Frank
C. Moore disclosed on May 8 that
sidered. The bonds will be award¬
aggregate interest charges paid by
New
York.
No
than all of the bonds will be
1.139%, report of which
appeared in v. 159, p. 1909:
R. S. Dickson & Co., for $20,000, 2%s, and $45,000, Is, at a
price of 100.089.
;V
John Nuveen & Co., and Wach¬
ovia Bank & Trust Co./ WinstonIn addition to terminating rev¬
enue-anticipation
borrowing by Salem, for $65,000, iy4s, at a
the state, Mr. Moore said he now price of 100.049.
C. F. Childs & Co., and Crouse,
is urging municipalities to cease
such practices and otherwise to Bennett, Smith & Co., for $30,put their houses in order for the 000, 1Y2s, and $35,000, 1^4s,Cat a
post-war period. The Comptroller price of 100.02.
McDaniel Lewis & Co., for $35,dwelt upon some anamalous situ¬
ations which he encountered upon 000, iy2s, and $30,000 iy4s, at a
taking office, such as the existence price of 100.01.
Kirchofer & Arnold, for $35,000,
of huge sinking-fund holdings and
iy2s, and $30,000 l^s, at a price
an inability to apply them rapidly
of 100.00.
in debt reduction, owing to the
Ryan, Sutherland & Co., for
non-callable
term
character
of
much of the state debt. This is $45,000, IV2S, and $20,000, iy4s, at
New York State
on
the temporary
of about
borrowings which were initiated
early in the 1930's and terminated
last year were about $14,000,000.
The final loan of $100,000,000 was
repaid March 31, 1943, he said.
he said, why
he introduced callable provisions
in state bond issues, and now is
working toward the same end in
the financing of New York State
municipalities.
one
Monday, May 15,
THE COMMERCIAL & FINANCIAL CHRONICLE
2022
of the
reasons,
of
Investments
sink¬
state
the
price of 100.041.
First Securities Corp., Durham,
and Vance, Young & Hardin, for
$25,000, 3s, and $40,000, Is, at a
price of 100.00.
a
Goldman, Sachs & Co., for $10,000, 4%s, and $55,000, iy4S, at a
price of 100.00.
total
Fox, Reusch & Co., and Brown¬
$327,000,000, he indicated, and the
ing & Co., for $30,000, 3y2s, and
average rate of return is 3.80%.
ing
funds
other
and
now
price of 100.063, a
net
interest cost
of 1.517%, as
follows: For $5,000 maturing May
1, $1,000 in 1946 to 1948, and
$2,000 in 1949,, as 3s, and $28,000
maturing $2,000 May 1, 1950 to
1963, as iy2s. Dated May 1, 1944.
Denom. $1,000. The next highest
bidder was Kirchofer & Arnold,
lem, paying
Bond Election—An election has
a
for
$33,000 as l3/4s, at a price of
100.563, a net interest cost of
responsible bidder/provided such
bid is not less than par and ac^
crued interest.
The highest re¬
exceed
3%
$275,000:
,
Y
V/////p ""■//p ,:Vp-
;
$92,000 water mains bonds.
system
;V'S.v'V,: PP
60,000/ sanitary
bonds,
•
sewer /
v:
28,000 fire equipment bonds.
95,000 Community hospital bonds.
Due in 25 years.
'
No.
District
Sewer
Davis,
life thereof, the amount of pre¬
held recently resulted in fa-; mium offered, if any, over and
vor of issuing $4,800 1 fire equip¬
above the face amount of the is¬
call for redemption and payment; ment bonds.
Due Jan. 1, 1948.
sue.
General obligations payable
non, Town Clerk, reports that the
Town has exercised its option to
at par and accrued interest on
July 1, 1944, $10,000 4-5% street
improvement
refunding
bonds.
Dated July 1, 1937. Due July 1,
.
1960. Denom. $1,000. Nos. 24 to
Holders
are
33.
requested to present
their bonds with Jan. 1, 1945,
subsequent
Chase
the
coupons
National
and
attached at
Bank, New
tion
Wilson, Okla.
/Bond Tenders Accepted—W. H.
Spaulding, City Secretary, reports
that $35,000 refunding bonds of
1939 were purchased on tenders
recently at an average price of
51.625.
PENNSYLVANIA
York, for payment.
NORTH
Commerce
DAKOTA
V/z
Union Bank,
\v-
100.275
6%
■
Newburger, Loeb & Co.—
V/z
100.191
Halsey, Stuart & Co.—
1.70
100.079
$36,000 road,
bonds.
NORTH
28,000
CAROLINA
Buncombe County
(P. O. Asheville), N. C.
5
Tenders
Wanted—Curtis
Byn-
Secretary Sinking Fund Com¬
missioners, reports that pursuant
to the provisions of the respective
um,
and
orders
bond
be
Fund
.
ordinances
au¬
issuance, tenders
by the Sinking
thorizing their
will
received
Commission
until
noon
on
May 29 for the purchase by the
respective sinking funds, in the
name
refunding
coupon
bonds,
6,000 sanitary sewer, Issue No. 2,
bonds Nos. 35, 43, 46, 48, 49
of and
on
behalf of the
is¬
suing units of the following re¬
funding bonds, all dated July 1,
1936:
/
,
Buncombe
County refunding
bonds.
general
City of Asheville
funding bonds.
re¬
Asheville Local Tax School Dis¬
bridge and general
• ■
:
■
.
.1^
>
City, Pa.
Borough
issue
is
required.
It is
expected that the remain¬
Dated Oct. 1, 1936. Hue Oct, 1,; ing $90,000 worth ;of bonds in the
Said bonds, together with sanitary sewer issue of 1916 can
1956.
unmatured interest coupons, shall
be presented to the Geneva Sav¬
ings
&
terest.
Co.,
Trust
payment
for
in¬
Geneva,
at par and accrued
Interest
ceases
on
date
called.
left
be
in
the park bond account
after the issue has been redeemed
and cancelled
the
meet
Mason School District, Ohio
All
paid off in July. A surplus Of
approximately $6,500 which will
be
to
able in New York. A separate bid
each
annual debt service bill.
;1
and 54.
;•
Dated
June
1,
1944. Denom.
$1,000. Due June 1, 1966. General
obligations; unlimited tax; registerable as to principal only; de¬
livery
at place
of purchaser's
choice. Principal and interest pay¬
for
paid off this year. It also will cut
approximately $16,600 from the
_.
school bonds.
1916
will be transferred
bond
the $90,000
fund
to
help
principal.
bear the same
inter¬
Bond Election—At the
May pri¬
est rate,
-
trict refunding bonds.
Reems Creek
School
Township Special
refunding
District
Tax
bonds.
Woodfin
Special
School
District refunding bonds.
Fairview Sanitary Sewer
Tax
Dis¬
trict refunding bonds.
Hazel Ward Water
shed District
Swannanoa
and Water¬
refunding bonds.
Water
and
Sewer
District refunding bonds.
\
Greensboro, N. C.
*
v
Other
Bidders —W.
E.
Easter-
ling, Secretary Local Government
Commission, submits the follow¬
ing list of other bidders in con¬
nection with the sale of the $65,OOO/mhrket house bonds to the
Equitable
Securities
Corp.,
as
ll^spava price of 100.592, a basis
Bond
Sale
The
$33,000 com¬
munity building bonds offered for
sale on May 9—v. 159, p. 1909—
were
ties
—
awarded to the First Securi¬
Corp., of Durham, and Vance,
which, in terms/'
by the repeal
or
omission of
exemptions or otherwise, subjects
to a Federal income tax the in¬
terest on bonds of a class or char¬
the
at
bonds/,
election
tions under terms of the contract
sale
of
entitle
and
purchaser
the
with
Bonds
bid.
to
deposited
the return of the amount
issued
are
subject to the favorable opinion
of Townsend, Elliott & Munson,
of Philadelphia, and will be de¬
livered to the purchaser only if
and after the
izing
been
proceedings author*
issuance thereof have
the
approved by the Department
of Internal Affairs. Enclose
tified
check
/
a cer¬
of the face
2%
of the
amount
the
for
bonds, payable
Treasurer.
County
to
Pennsylvania (State of)
Recommends Liquir
;
Governor
dation of General State Authority's
Bonds—The post-war Work being
planned for Pennsylvania, accord¬
ing to Governor Martin, will prob¬
ably be carried out without par¬
ticipation of the depression-born
General State Authority.
The
established by
in 1935,
to supervise $65,000,000 worth ojj/
State institutional building con¬
struction, will have to be con¬
the
Authority,
Administration
Earl
tinued/however, until Its bonds
have been retired.
The Governor
believes large sums
could be saved
if
;
Commonwealth
the
to
were
bond issue for the imme¬
pass
a
diate
liquidation of the Authority's
bonds.
The
denied the gen¬
Governor
eral
charges of Congressman E. V.
(Dem.-Calif.)
that
every
State is piling up war-time profits
at the expense of the counties and
municipalities,
;pY\;Y; If/
Izak
"As far as I know," Martin said
"everything has been done by
Pennsylvania
and the
political,
subdivisions
effort.
In
further
to
the
war
this they have
laid
aside
money
for post-war
programs, and to my mind that is
good government.
/ ; ; Y .pi;
doing
.
In
all, - according to present
in a multiple of V\ of 1%. mary election the voters will con¬ plans, the city will redeem $752,worth;'of bonds this year,
Bidders should specify such rate sider an issue of $10,000 school 000
which will include the 1922 and
and the price offered
for each heating system bonds.
1916 issues, plus $312,000 worth of
issue, not less than par and ac¬
Ohio (State of)
serial bonds,
crued interest. The bonds will be
^his will be par¬
Municipal Market Improved—
awarded at .the lowest interest
tially offset by the issuance of
J. A. White & Co., Cincinnati, re¬
rate bid upon and at the highest
$140,000 worth of refunding bonds.
ported on May 10 as follows: The
net reduction will be $612,000,
aggregate price offered of th^ Both the
activity and tone of the
cutting the gross debt to $2,952,000
separate bids so made for aPj Ohio
Municipal Market improved
bonds at such rate. The right to
by the end of the year.
during the past week, and bids
jpjectT all bids is reserved. The were somewhat higher. Our in¬ Lackawanna County (P. O. Scranapproving
opinion
of
Storey, dex of the
ton), Pa.
"
yield on twenty Ohio
Thorndike, Palmer & Dodge, of bonds
(with the yield moving in¬
Bond Offering—Leo J. O'Boyle,
Boston, will be furnished the pur¬
versely with the price) improved; Country Controller, will receive
chaser; In the event that prior to
from 1.32% last week to 1.31%
sealed bids until 11 a.m. (EWT)
the delivery of the bonds the in¬
today.
The yield on ten high on May 31 for the purchase of
come received by private holders
grade Ohios today is 1.16%, com¬ $400,000 coupon refunding, road
from bonds of the same type and
pared with 1.17% last week, and and bridge. improvement bonds.
character shall be taxable by the
on ten lower grade bonds,
1.46% Dated June 1, 1944. Denomina¬
terms of any Federal income tax
today, compared with 1.47% last tion $1,000. Due $20,000 June 1,
law, the successful bidder may, at week.
1945
to
1964.
Bonds maturing
his election, be relieved of his
June 1, 1950 to 1964, are callable
obligations under the contract to
OKLAHOMA
in whole or in part at the option
purchase the bonds and in such
of the County at par and accrued
Hollis, Okla.
case the deposit accompanying his
Bond Offering—The City Clerk interest on June 1, 1949, or on any
bid will be returned. Enclose a
will receive sealed bids until 8 interest paying
date thereafter.
certified check for $1,280, payable
Registered as to principal - only.
p.m. on May 15 for the purchase
to the State Treasurer.
of $68,000 water works system Bonds and the interest thereon
Southern Pines, N. C.
bonds. Due $4,000 in 1948 to 1964. will be payable without deduction
bonds must
the
to
of the pur^
;.viY";YY.\; chaser release him from his obliga¬
Voted—The
Bonds
and 34.
as
follows:
enactment, at any time prior
delivery of the bonds of
The
Federal legislation
acter Which includes these
Secretary reports that at the pri¬
mary election held recently the
Devils Lake School District,
2
Nashville, and
from unlimited ad valorem taxes.
will
Dickson
-
Sherwood & Co
which shall be deter/
deducting from the total
be paid on
account of such bonds during the
County,
mined by
City Clerk, reports that the elec¬
N. D.
$35,000, %s, at a price of 100.03.
Bond Offering—Frances Lingor,
Stranahan, Harris & Co., Inc.,
Clerk Board of Education,
will $55,000 borough bonds were voted.
(P. O. R. D. No. S, Vinewood
for $55,000, iy2s, and $10,000, iy4s,
receive sealed bids until 2 p.m. No date of sale has been fixed as
Avenue, Schenectady), N. Y.
at a price of 100.047.
yet.
Bond Sale—The $100,000 sewer
Northwestern
Bank,
North (CWT) on May 25 for the pur¬
chase of $128,000 not to exceed
system,
Series A, third (issue, Wilkesboro, for $30,000, iy4s, and
Johnstown, Pa.
refunding coupon
bonds.
t bonds
offered for sale on May 9 $35,000, iy2s, at a price of 100.00. 21/4%
City to Pay Off $350,000 Bond
Dated July 1, 1944. Denomination
were
awarded to Blair & Co.,'
Issue—The
| Security National Bank, Ral¬
following report
is
Inc., and Bacon, Stevenson & Co., eigh, for $65,000, iy2s, at a price $1,000. Due July 1, as follows: taken from the Johnstown "Trib¬
$10,000 in 1945 to 1954, $13,000 in une" of
of New York, as 1.30s, paying a of 100.32.
V-:;:
April 26:
' ..
V
'
1955 and $15,000 in 1956.
Prin¬
Trust Co. of Georgia, Atlanta,
Sufficient
price of 100.089, a basis of about
money
will be on
1.291%. Denomination of $1,000 for $65,000, iy2s, at a price of cipal and interest payable at any hand in the city's sinking fund
suitable bank or trust company
each, dated April 15, 1944, matur¬ 100.26.
account early next month to pay
designated by the successful bid¬ off the
ing $4,000 on April 15 in each of
$350,000 par bond issue of
Mebane, N. C.
der. The District will furnish the
the years 1945 to 1951, both inclu¬
1922, it was learned today at the
Bond
Call—P.
Nelson, Town printed and executed bonds and office of Councilman Fred S. Brosive, and $6,000 on April 15 in
the approving opinion of Dorsey,
each of the years 1952 to 1963, Clerk, reports that 4-6% refund¬
sius, Director of Accounts and
street and sidewalk bonds Colman, Barker, Scott & Barber, Finance. This
both
inclusive. Interest payable ing
.will clear the way
Nos. 140, 144, 145, 146 and 147 are of Minneapolis, without cost to
Oct. 15, 1944, and semi-annually
for
cancellation, of
the entire
the purchaser. Each, bid must be
thereafter on April 15 and Oct. 15. called for payment on July 1, 1944
issue.
unconditional and no bid of less
on which date interest ceases, at
Principal and interest payable at
/ The park bohdi of 1922iwere
than par and accrued interest will
the Citizens Trust Company, in par and accrued interest. Dated
brought in by the sinking fund
The right is re¬
Jan. 1, 1937. Denom. $1,000. Due be considered.
Schenectady, New York, with New
two years ago under a 20-year
Jan. 1, 1972. Holders will present served to reject any and all bids.
York
exchange. The approving
a
certified
check
for option. As a result, interest pay¬
bonds
at the Chemical Bank & Enclosed
opinion of Vandewater, Sykes &
ments due on the bonds for the
Trust Co., New York City, with $2,560, payable to Carrie S. Lewis,
Galloway, Attorneys of New York
past two years have reverted to
<
Jan. 1, 1945, and subsequent in¬ District Treasurer.^ aw*-**',
City, will be furnished to the pur¬
the sinking -fund and helped to
chaser without cost.
The next terest coupons attached.
accumulate enough cash to meet
OHIO
highest bidder was: Marine Trust Rutherford County (P. O. Rutherthe $350,000 principal. Exercise of
Geneva-On-The-Lake, Ohio
Co., Buffalo, and R. D. White &
the option, it is estimated, has
fordton), N. C.
Bond Call—John
Zimmerman, saved the
Co., for l^s, at a price of 100.429.
city over, $130,000 in
Bond Offering—W. E. EasterVillage Clerk, calls for payment
Others bidders were as follows:
carrying charges.
ling, Secretary Local Government on June
Bidder—
Int. Rate
Prica
1, 1944 the following 4%
Cancellation of the 1922 issue
Commission, will receive sealed
Ira Haupt & Co. and
refunding bonds:
will reduce the gross municipal
bids at his office in Raleigh, until
H. L. Allen & Co._^
1 V% %
100.316
$10,000 park, Issue No. 1, bonds, debt of $3,196,000, as $18,000 worth
Coffin & Burr
1%
100.309
11 a.m.
(EWT) May 16 for the
C. P. Childs & Co. and
Nos. 6 to 9, 22 to 24, 27, 31 of serial bonds already have been
purchase of $64,000 not to exceed
Rotterdam
sponsible 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
amount of interest to
E.
Voted—Ellis
Bonds
Fincan-
The
pay.
the highest
to the voters
Taylorsville, N. C.
Dan
to
agrees
bonds will be sold to
submit
the following not to
bonds
aggregating
Tonkawa, Okla.
Call—Mrs.
and
sumes
been called for May 23 to
1.699%.
Bond
County as^-
all of which taxes the
Norman, Okla.
Young & Hardin, of Winston-Sa¬
1944
These
are
the bonds authorized at
for any tax or
taxes, except suc¬
inheritance taxes, now,
election held recently.
Prin¬
cipal and interest payable in Hol¬
of
lis.
thereon under any
the
Enclose
2% of bid.
a
certified
cheek for
..]
cession
*
or
hereafter
ture
law
of
levied
the
or
assessed
present or fu¬
Commonwealth,
"Of
there is a school
course
of
thought that believes it is heresy
to lay away for a rainy day, but
I don't
belong to that group."
;
Philadelphia, Pa.
Gas
notice
the
Certificate
Trust
Revenue
Purchase
OfferThe
was
sent Out on
Fidelity
-
"
following
May 8 by
Philadelphia Trust
Co. of Philadelphia:,
To holders of
Revenue
Trust
,
Philadelphia Gas
3y2%
Trust
Cer-1
tificates due May 1, 1957 and No¬
vember 1, 1956.
p." ; y
" * :Y f 4
.
,
Please be advised that
a
credit balance of
we
have
$511,383.08 in
the
sinking fund account, which
is applicable toward the
purchase
of
Philadelphia
Ga$
Revenue Trust 3y2% Trust Cer¬
amount
tificates due May 1,
vember
1957 and No- "
1, 1956. '
=
Should you desire to
tificates
above
advise
of
that
stated
us
offer Cer¬
issue
and
maturities,
the
kindly
the amount,, and also the
price at which you are willing to
sell, not exceeding 103%
crued interest.
and
ac¬
.
Tenders will be received at our
Corporate Trust Department until
12
o'clock
noon,
Eastern War
Time,
May
19,
1944 and
must
Volume
THE COMMERCIAL. & FINANCIAL CHRONICLE
Number 4281
159
specify the numbers of said Trust
1945.
Certificates
able
<
•
>
,
Sale
Not
S.
maturity of Series A Bonds shall
All bids must be
no
date
the
for
sale
flood
of
drainage
thorized
the
repair
$20,000
bonds
ville), Pa.
Bond
"Jour¬
other
means.
cluded
commissioners
had authorized new signatures of
the
.
which
same
were
were
damaged in
and in this
brought back
of this
will be sent here for official
destruction.
It
is
expected
substitute
that
bonds to the value of $80,000 to re¬
place those already legalized be¬
the passage of. the law will
fore
be ordered also.
All
.
the
at
rate
of
3%
per
by the Series A bonds.
must prescribe
serial maturities for $8,365,000 of
H o u s ing Authority Refunding
Bonds (first issue) on Nov. 1 of
each year beginning Nov. 1, 1944
and ending not later than Nov. 1,
2000, and shall designate the Re¬
funding Bonds bid for in said pro¬
est. Registerable as to principal.
Principal and' interest payable at
the City Treasurer's office.
Is'sued under authority of the De-
partnient of Internal Affairs. En¬
*
the
a
certified check for 5%
of
amount
bid, payable to the
City Treasurer.
!
r
proposal
consecutive
serial
maturities
commencing
with the first maturity, as Series
A Bonds, provided that no bonds
maturing after Nov. 1, 1985 may
posal,
RHODE ISLAND
Pawtucket, R. /.
of
consisting
Refunding Bond be included as Series A Bonds.
signed All bonds which are not sold as
.recently a bill authorizing, the Series A Bonds will be Series B
•above»city to refund $2,500,000 Bonds, will be issued to the Fed¬
.from its indebtedness by floating eral Public Housing Authority
;bond issues at the rate of $500,000 and will bear interest at the rate
of 21/2%. Each proposal must, pre¬
a year, beginning in 1946 through
scribe the rate or rates of inter¬
1950.
'fest to be borne J>y the Series A"
Portsmouth, R. /»
Bonds. The annual maturities of
; ; Note offering
The Town "said
$8,365,000 of Refunding
Treasurer will receive sealed bids
<
Governor Signs
Bill—^Governor
McGrath
'
'
! until
Bonds shall be
4
pun.
purchase of
'Nov. 15, 1944,
May 12 for the
$35,000 nbtes, Due
on
.
becoming due on Nov,
becoming due
the following May 1) of such
and the
on
bonds
Falls, S. D.
arranged that:
interest
will
absorb
nearly as
Bond Offering—G. W. Elmen,: practicable the sum of $257,820
City Auditor, will receive sealed (which is the amount of the Fixed
and auction bids until 10 a.m. on Annual Contribution payable to
the Authority by the FPHA under
May 15 for the purchase of $30,000 not to exceed 3% coupon Vet¬ and subject to the terms and con¬
Sioux
erans" Hospital
ditions of
chase-bonds.
as
"Assistance
Denom.
real estate pur¬
Dated May 15, 1944.
$1,000.
Due
May
15,
order
National
&
Bank
of
their
Trust
numbers
at
a
re¬
and accrued
redemption
premium of 5% of their
to
par
date
of
value if redeemed
fore
Tennessee (State of)
Bond Offering—Prentice
Coop¬
er,
Governor, reports that the
State Funding Board will receive
sealed bids until 10 A. M. on May
22
for
purchase of $35,000
registered State con¬
for County reimburse¬
1, 1954;
May
on
be¬
or
premium
of 4% of their par value if re¬
deemed thereafter, but on or be¬
fore May 1, 1959; or a premium of
3% of their par value if redeemed
thereafter, but on or before May
1, 1964; or a premium of 2% of
their par value if redeemed there¬
after, but on or before May 1,
1969; or a premium of 1% of their
par value if redeemed thereafter.
7777 77 •
or
a
Ripley, Tenn.
Bond Offering—Kathryn Evans,
to bear in
The
multiples of 14 of 1 %.
No bid
accepted.
Principal and interest payable at
the fiscal agency of the State in
New York City or at the office of
the State Treasurer, and the bonds
contain provisions for their regis¬
tration as to principal alone or as
to both principal and interest* All
of the bonds are direct general
obligations of the State for the
and
of
the
State
annual
net
toll
bridges
to
rate
refunding bonds which, it
proposed to issue in place of the
outstanding obligations.
Refer¬
ence to the litigation and the is¬
involved appeared in v. 159,
1296.
County
than
a
like
trict
Bond
of
Code
bonds.
nom.
of
(P. O. Boston), Texas
Offering—L.
H.
Griffin,
will re¬
on
Dated June 1, 1944.
De¬
$250, unless the purchaser
a preference for 20 of
$250 and 20 of $500, Due April 1,
as follows: $250 in
1945 to 1954,
$500 in 1955 to 1964, and $750 in
1965 to 1974,
Alternate proposals
expresses
Tennessee,
proceeds
annual
the
out¬
000 not to exceed 4% school house
gallon upon gaso¬
line, the annual proceeds of all
fees for inspection of volatile sub¬
stances provided for by Section
the
of
May 20 for the purchase of $15,-
cents per
of
amount
ceive sealed bids until 2 P. M.
including the fiscal year 19461947, the annual proceeds of a tax
6821
par
County Superintendent,
hereafter levied until and
one-half
Amarillo),
Spring Hill Rural High School Dis¬
operated by the
State or any State agency, the
first $307,500 of the annual re¬
ceipts of any tobacco tax hereto¬
of 5
O.
standing bonds. Legality approved
by John D. McCall, of Dallas.
now
or
(P.
Co., of Dallas, purchased recently
$128,000 2% court house and jail
refunding,
Series
1944,
bonds.
Dated April 10, 1944. Issued for
the purpose of refunding not less
all
fore
the
Texas
are
of
revenues
after
General had re¬
lower interest
approve
Bond Sale—R. A. Underwood &
pledged, and as additional secur¬
ity therefor, there is also pledged
the
fused
Potter
of which the full faith
credit
action
Attorney
County Rural School District
Marquex), Texas
Bond Sale — Garrett & Co., of
Dallas, purchased recently $25,700.
4% refunding, Series 1944, bonds.
Dated April 10, 1944. Issued for
the purpose of refunding not less
than a like par amount of out¬
standing bonds, Legality approved
by John D. McCall, of Dallas.
for less than par will be
payment
the
State
No. $ (P. O.
rate of interest must be
same
stipulated for all bonds.
of
Leon
or
solidated
instituted
sues
the
coupon
advance
maturity dates certain
types of other bonds not covered
by its earlier ruling. The county
p.
ment bonds.
Dated June 1, 1944.
be payable at the
Denom. $1,000.
Due Dec. 1, 1951.
office
of the Fiscal Bidders are requested to
stipulate
the Authprity, Union the rate of interest the bonds are
demption price of
a
par.
will
Planters
will be considered
of motor vehicle registration fees
now or hereafter required to be
Town
bids
on
bonds with
3-year option.
It is the intention
of the Board of Trustees to sell
the bonds at the lowest interest
until
thereafter at par plus accrued in¬
terest and a premium of $10 per
bond. The authorized issue of $95,-
000 is to be issued for the purpose
a
like
principal
outstanding water sys¬
tem revenue bonds, Series A, and
will be payable together with the
unrefunded portion of Series A
and such other obligations as may
be issued on a parity under the
provisions of the resolutions au¬
thorizing said bonds, from the net
of
refunding
amount of
revenues
The
the
a
contract known:
Contract") in
year except the year 2000;
as
.
i
.
of
bonds
the
to
be
of
proceeds
.
from the
water
refunded
the
redemption
on
July 1,
with
above
de¬
1944, and
the successful bidder must be pre¬
to accept delivery of the
refunding bonds on or prior to
that date.
It is anticipated that
the bonds will be ready for deliv¬
ery on or about May 20, 1944. The
Town will supply the approving
opinion of Chapman & Cutler, of
Chicago, and all bids must be so
pared
conditioned.
No bid will be
ac¬
cepted for less than par and ac¬
crued interest to July 1, 1944. En¬
close a certified check for 2% of
the
them at the lowest rate of inter¬
son, of Austin, will be furnished.
Enclose a certified check for $300,
est
at a price not less than par
and accrued interest to date of de¬
payable at the District.
The statutes prescribe a
rate
of * 5 %
for the
livery.
maximum
>
bonds, payable to the Town
Treasurer.
Sweetwater, Tenn.
Bond Sale—The $83,000 electric
Securities
7 •
count
cordingly higher rates cannot be
Texarkana, Texas
&
considered.
As
between
bidders
rate of interest,
the amount of premium will de¬
naming the
same
termine the award.
The approv¬
ing opinion of Wood, Hoffman,
King & Dawson, of New York,
will be furnished.
Enclose
a cer¬
bid
for,
Treasurer,
payable
•
■
to
State
the
.
.
:•
Contract—-An
Refunding
headed
TEXAS
Big Spring, Texas
Bond Sale—The
$400,000 water
works extension and improvement
general obligation bonds offered
for sale on May 10 were awarded
to a syndicate composed of Harriman Ripley & Co., Inc., Bo£ttcher
& Co., of Denver, Dallas Union
Trust Co., of Dallas, and William
N. Edwards & Co., of Fort Worth,
paying a price of 100.043, a basis
of about 1.6169%, as follows; For
$270,000 maturing $27,000 June 1,
1945 to 1954, as l%s, and $130,000
maturing $26,000 June 1, 1955 to
1959, as l%s. Denomination $1,000.
The next highest bidder was City
National Bank & Trust Co., Kansas
ac¬
by Stifel, Nicolaus
Co., Inc., of Chicago, E, Kelly
Investment Company of
Dallas, The Rittenoure Investment
Co., of Wichita, Russ & Company,
and McRoberts & Company, both
of San Antonio, has been awarded
Brown
the contract to work out the ex¬
change plan for $1,964,000 bonded
indebtedness of the
city. The pro¬
contemplates
gram
net interest
a
cost to the city of about
system revenue refunding, Series
A, bonds offered for sale on May City, Stern Bros. & Co., E. J. Roe
5—v. 159, p. 1815—were awarded &
Co., and Mahan, Dittmar & Co.
to a syndicate composed of John
Jefferson County (P. O. Beau¬
Nuveen & Co., of Chicago, David¬
mont), Texas
son & Co., of Knoxville, Cumber¬
land
7
Consolidated
bonds
for
County Reimbursement,, and ac¬
State
system, tified check for
2% of the bonds
scribed bonds have been called for
the
group
agrees
unexchanged
to
bonds.
ZVz% and
underwrite
bids
Other
provided for a net cost up to 3 %.
/
Weslaco, Texas
Bond Sale—R, A, Underwood &
Co., of Dallas, and Associates re¬
purchased
cently
refunding bonds.
1944.
$350,000
31/2%
Dated April 1,
Denomination
$1,000.
Due
Nov.
1, as follows: $3,000 in 1950
and
1951, $4,000 in 1952 to 1954,
$3,000 in 1955, $4,000 in 1956 to
1958, $5,000 in 1959, $4,000 in
to
1960
1962, $5,000 in 1963 and 1964,
$4,000 in 1965, $5,000 in 1966, $6,000
in
1967,
$5,000 in 1968 and
1969, $7,000 in 1970, $6,000 in 1971
to
1973, $7,000 in 1974, $8,000 in
1975, $7,000 in 1976 and 1977, and
Corp., of Nash¬
Supreme Court Rules Against
$211,000 in 1978. All bonds ma¬
Barcus, Kindred & Co., of Proposed Refunding—The State
Chicago, Nashville Securities Co., Supreme Court ruled on May 10 turing in 1964 to 1977, are op¬
of Nashville, James F. Smith & that its Cochran County decision tional on 30 days' notice on Nov.
the • ville,
each
be derived
to
operation
and interest
1
DAKOTA
so
The annual charge of principal
and interest (i. e. the principal
;
.
SOUTH
interest
principal
Agent of
par
Each
the rate of inter-
:
close
to both principal and interest,
with privilege of reconversion in¬
plus
Bond Offering — George W. Secretary, announces that sealed
'Becker, City Clerk, will receive bids." will be received at the of¬
sealed bids until 8 p.m. (EWT) fices of the authority, 264 North
; on June 5ajfor the purchase of Lauderdale St., Memphis, until
$75,000 coupon sewer system and noon (CWT) on May 23 for the
interceptor plant bonds. Dated purchase of $8,365,000 first issue
July 1, 1944. Denomination $3,000. Series A Housing Authority ReDue $3,000 July 1, 1945 to 1969. founding Bonds.
A
name
as
interest
;
Bidders to
$1,000 each, will be issued
l%s, at
as
$1,000. Due June 1, as follows:
$4,000 in 1945 and 1946, $5,000 in
1947 to
1952, $6,000 in 1953 to
1956, and $7,000 in 1957 to 1959.
in
payment
stated
■
.
Titusville, Pa.
bonds.
Co., of Jackson,
Dated Dec. 1, 1943. Denomination
give county the right to
for
paid to the State and the entire
Recorder, will receive sealed
annual
proceeds
of
franchise cost that will
10 a.m. on
bring a price of ap¬
May 15
taxes imposed by the Franchise
for the purchase of $32,000 2*4%
proximately , but-not less thon ptut
A bonds. All bonds which are not
Tax Law, being Chapter 100, Pub¬
and
accrued
interest.
Bidders
water system revenue refunding
sold as Series A bonds will be
lic Acts of Tennessee, 1937, and are
required to name the rate or
Series A bonds.
Dated
Jan.
1,
Series B bonds, will be issued to
all of the bonds are entitled to combination
of two rates
with
1944. Denomination $1,000.
Due
the Federal Public Housing Au¬
the benefit of the- proceeds of the their bid which is nearest
par and
July 1, as follows: $5,000 in 1945
thority and will bear interest at
foregoing taxes, fees and reve¬ accrued interest.
Any rate or
to 1947, $2,000 in 1948, $1,000 in
the rate of 3 lA % per annum.
nues
and to share therein with
Each
rates named must be in multiples
1951 to 1956, $2,000 in
1957 to
proposal must prescribe the rate
any other obligations of the State of
of 1%.
Principal and interest
1959, and $3,000 in 1960.
Bonds
or rates of interest to be borne by
that might be entitled to share
payable at a place preferred by
numbered 49 to 95 of the total
the Series A bonds.
Dated Oct. 1,
therein as provided by Chapter the
purchaser.
These bonds are
authorized issue of $95,000
are
1940.
165, Public Acts of Tennessee, being offered subject to an elec¬
called for redemption in inverse
1937.
The bonds will be awarded tion to
be held on May 13.
The
Memphis Housing Authority, Tenn. numerical order on Jan. 1, 1954, to
the bidder offering to
take approving opinion of J. P. Gib¬
Bond Offering—J. A. Fowler,
and any interest payment date
.
j
A
funding bonds (second issue) on
Apr. 1 of each year beginning
Apr. 1, 1945, and ending not later
than Apr. 1, 1998, and shall desig¬
nate not more than $1,429,000 of
said refunding bonds, consisting
of consecutive serial maturities,
commencing with the first matur¬
ity, as Series A bonds, provided
that no bonds maturing after Apr;
1, 1985, may be included as Series
•kind.;*:■":%<;v
In
the
present instance
the
bonds are held by Blyth & Co.,
■New York, who will take over the
.expense of having them substi¬
tuted by new bonds and the old
ones
Bonds
Tenn.—4-2R.
Each proposal must prescribe se¬
rial maturity for $1,682,000 of re¬
Legislature took action to provide
cases
No.
Series
as
to be borne
ruined in the flood and the
substitutions in
and
Each proposal must pre¬
scribe the rate or rates of interest
legalized to establish their
.authenticity.
The legend in red
ink was printed upon them at the
Journal office and they were sent
back to the holding bank at Pitts¬
burgh.
In all, however, about
$20,000,000 worth of
securities
for
noon
annum.
and
were
said* Refunding
to coupon bonds. Interest on May
1 and Nov. 1. Both principal-and
interest
flood of 1936,
the bonds
case
Of
in the form of coupon bonds, reg¬
isterable as to principal only, or
Housing Authority and will bear
and provided a legend which was
'affixed
to
other
bonds
worth
the
amount
preceding maturity
any
of
bonds will be Series B bonds, will
be issued to the Federal Public
the commissioners and chief clerk
;$80,000
any
Company of Memphis, in Mem¬
Each proposal must prescribe se¬ phis, Tennessee (or at the prin¬
rial maturities for ; $2,214,000 of cipal office of any successor Fis¬
cal Agent appointed pursuant to
refunding bonds (first issue) on
the
resolution
authorizing the
Apr. 1 of each year beginning
Apr. 1, 1945, and ending not later Bonds), or at the option of the
holders, at Chemical
Bank
&
than Apr. 1, 1998, and shall desig¬
nate not more than $1,881,000 of Trust Company, in the City and
said refunding bonds, consisting State of New York.
Said Series A Bonds will be re¬
of consecutive serial maturities,
deemable at the option of the Au¬
commencing with the first mar
turity, as Series A bonds, pro¬ thority on May 1, 1949 or any in¬
terest payment date thereafter, as
vided
no
that
bonds
maturing
after Apr. 1, 1985, may be in¬ a whole, or in part in the inverse
Tenn.—4-1
,
or
W.
F.
(CWT) on
May 23 for the purchase of $3,896,000 outstanding refunding
bonds of the Authority issued to
aid in financing the cost of its
projects designated Project No.
April 27: ;
V.:.
Resolutions were adopted today
by the County Commissioners to
authorize the reprinting of $9,000
worth of bonds of the county issue
of 1935 to replace bonds which
were
damaged in a*safe deposit
box of the Pittsburgh National
Bank during the flood of 1936.
The proceeding is in accordance
with a recent act of the last Leg¬
islature to print substitute bonds
to replace those destroyed by fire,
Previously
—
sealed bids until
nal" of
flood
Offering
<
Secretary-Treasurer, will receive
l;\
Pottsville
the
All
Chattanooga Housing Authority,
'V'77"v';
Boley,
than the
in
will be dated May 1, 1941. Series
A Bonds will be in the denomina¬
tion of
Tenn.
bonds
of Series A Bonds.
certified
TENNESSEE
New Bonds Ordered For Those
from
a
less
in
bonds
on
Damaged—The following report is
taken
Enclose
of
amount
be
not
than
2%
Schuylkill County (P. O. Potts:
uncon¬
less
for $1,500, payable to the
City Treasurer.
April 25. Denom. $1,000. Due 1946
to 1950. Principal and interest
payable at the First National
Bank, Port Allegany.
:
;
for
and accrued interest will be
au¬
held
election
the
at
bids
The
check
set as yet
has been
No
considered.
Cook, Borough Secretary, reports
that
call
maturity of Series A Bonds; and
par
Set—F.
Yet
did hot
chaser.
Allegany, Pa.
Date
Co., of Knoxville, J. C. Bradford
& Co., Jack M. Bass & Co., both
of Nashville and C. H. Little &
The city will furnish typed
bonds without cost to the pur¬
ditional.
Port
No Series B Bonds shall mature
until the Nov. 1 following the last
Principal and interest pay¬
the City Treasurer's of-
at
cice.
Very truly yours,
H. W. Latimer,
Assistant Secretary.
; :
■'
v
offered.
so
2023
volved
used
was
and
Government
MONTREAL
OF
CITY
the property
in¬
purchased, stored and
entirely
for
the
Federal
Contending
FINANCIAL NOTICE
therefore
was
subject to State taxation, suit
against the commission to annul
Coupons
the assessment
was
brought by
Notice
is
hereby given that Ford J. Twaits Co., Morrisontinder
the
provisions of Para¬ Knudsen Co., Inc., Peter Kiewit
Sons' Co. and Griffith Co., doing
graph 11 of Article 4 of By-law
No, 1735 (By-law providing for the business as Intermountain Con¬
financial
reorganization of the tractors. T.VV v. ■':;not
Nolice
City
of
Payment
City
the
Montreal)
of
of Interest
of
Montreal intends to and will pay
presentation as they sever¬
ally become due the interest cou¬
upon
maturing on and between
May 15th 1944 and October 15th
1944
inclusive
and
annexed to
the bonds and debentures of the
pons
high State court's opinion
said that under its contract with
the Federal Government, the com¬
pany was required to purchase the
materials on its own account, and
not as an agent of the Govern¬
ment.
The decision pointed out
that if the Government had in¬
tended otherwise "it would have
The
the
city water department's 65%
of
five
Government
approved
projects for improvement of the
water
system, will be
asked of the City Council shortly,
according to R. D. O'Neil, Utilities
The
Commissioner.
Federal
au¬
thorities recently approved five of
by W. A.
Superintendent,
asked
projects
Water
Kunigk,
and the Government is
the
of
35%
cost
putting up
outright
an
as
grant, said O'Neil.
.
Director
./TV
'
Finance
of
ROBERGE
L.
Projects
struction
Recommended
betterment to be taken up as post¬
'
1, 1963, and on each interest pay¬
date
thereafter;
$50,000
ment
maturing in '1978, are op¬
■bonds
tional out of Sinking Fund accu¬
projects
war
and
touching
upon
public works, recreation, the wa¬
ter
system, sewage disposal, zon¬
reported recently a general fund
balance of *$29,510,421, exclusive
of $20,000,000 invested in Govern¬
ment bonds, as of April 1.
March
income tax
receipts
on
890, up
$348,about $50,000 in compari¬
The gasosline tax brought $1,261,747, com¬
son
with March, 1943.
UNITED STATES
from current
United States
Local
Housing
Authority Notes
Sold—The
$7,397,000 notes offered
my a group of local housing au¬
thorities on May 10 were awarded
as
follows:
To
;
Salomon
.:;
Bros.
&
Ilutzler—
$25,000
funds, the latter out¬
lay being intended to permit the
start without
delay of prelimi¬
To Harriman Ripley & Co., Inc.
•'—$410,000 Denver, Colo., 17th ser¬
ies,, at 0.54%, plus $4.50; $744,000
Moline, 111., at 0.54%, plus $7.50;
$786,000
Philadelphia,
Pa.,
at
0.59%, plus $7.90.
To
Capital
Sacramento
National
—
Bank
$1,119,000
Of
Royce—a
pipe
new
line,
To Chemical Bank & Trust Co.,
New York, and
Associates—$195,000 Tarrant, Ala., at 0.54%, plus
small premium; $193,000 Browns¬
ville, Texas, at 0.54%, and a small
premium; $97,000 Atlantic City,
N. J., at 0.59%, plus $1.
Details of the various issues
as
maturity appeared in
new
Works
Richard
major
installation
water-
of
many
valves for the. water system,'
for the Public Works
department and a new fire station.
T;;'■'T¥ T ;■: 'T/ TVT'J ¥■•'/■ i:
a
garage
Sacra¬
mento, Calif., at 0.51%, plus $47;
$505,000
Sacramento
County,
Calif., 0,51%, plus $53.
to date and
H.
Public
of
Tacoma,
Water
ance
Bond
Issu¬
Sought—Permission to issue
April 24 by
the Utah
Supreme Court uphold¬
ing action of the State Tax Com¬
mission in levying a 2% use tax
on materials
used by contractors
in building the Tooele ordnance
depot for the Federal Govern¬
ment.
In
an
ten by
a
•'iT;
>.'7» "'
U. S.
jvhere they were purchased.
•
^
'
22,075,000
None
None
59,702,347
.
v.
112,860,736
\\
None
75,745,615
91,010,499 101,884,850
850,000
None
100,974,538
Canada
1,538,300 *1,007,706,200
210,000
323,422
21,632,500
None
None
None
5,500,000
None
75,083,200
46,260,868
"■Includes $997,503,000 Victory Loan sales,
York
New
City;
None
in April,
number
The
1944,
1943,
1,180,269,283 193,158,459 199,262,965
tlncludes temporary securities issued by
1942,
194(f.
1941,
of
municipalities emitting permanent bonds and
the number of separate issues made during April were 61 and 65,
respectively.
This contrasts with 72-85 for March.
the
comparative purposes
add the following table, showing
we
aggregate of long-term domestic issues for April
four months for
series of years:
a
YT'TTT
Month of
TT'/T'V/T-.
April
Month of
For the
4 Months
1936.
1935.
$84,558,867 $400,695,931
178,789,672
156,078,031
456,999,70!)
59,702,347
269,317,923.
1934.
106,389,422
324,655,336
100,974,538
409,138,396
1933-
10,899,995
78,235,058
75,745,615
.415,998,952
1932-
69,637,025
352,340,849
75,058,037
352,006,264
1931.
105,974,805
555,578,394
50,053,658
271,393,367
1930.
152,194,970
469,024,905
83,973,804
393,535,910
1938
-
QUEBEC
Montreal, Que.
Interest Payment Announced—
L.
of Finance,
intends
Roberge, Director
announces
the
that
City
to and will pay upon
presentation
as they severally become due the
interest coupons maturing on and
between May 15, 1944, and Oct.
15, 1944, inclusive and annexed
By-law providing for
cial
reorganization of
securities
The
to
the finan¬
Montreal).
be
given
in
In the
by-law
will
the
from
city
under the
interest
bear
interest
last
only
payment
the
Oct.
preceding
old
bonds
b„e replaced.
To Pay
16,
/•/¥,v';r?V Tj
■„•■■,
Interest—The City will
pay
semi-annual interest on June
15,
1944
on
4%%
due June 15,
bonds
which
1940; 3% bonds
6% bonds due
Dec.
15, 1941, and 3% bonds due
Dec.
V
Maturity
Alliance, Neb.
l>/2
1814
Ashland, Ohio
114
314-2
1811
Boise,
1812
Bracken County,
1811
Idaho
Cascade
Cedar
1814
Cincinnati,
1908
Corson County, S. D._
1910
Corvalis,
1815
Cuero, Texas-_•
101,
r56,000
r592,000
rlO.OOO
Neb
Ohio
Dickinson,
1908
Du Page
5
-214-2 V2
1961-1964
r200,000
2-114
1946-1958
100
d30,000
100.11
20,000
114
D
rl5,000
1947-1961
W
issued
Consumers Public Power District refunding
tentatively set as the date for receipt of bids.
on
May 23; $4,000,000 Buffalo, N. Y., $11,000,000 Chicago,
111., School Board, and $6,400,000 Erie County, N. Y., all three on
May 24.
Accordingly, the outlook for coming weeks is extremely favor¬
serve to compensate for the enforced lull in market
activity, both municipal and corporate, which will likely prevail
during the course of the Fifth War Loan Drive, which opens June 12,
able and should
1A1
County School District
45,'ill.
4
Fair
1494
Gallipolis, Ohio
Grand Prairie,
Texas
:
162,000
314
1%
114
—
Lawn, N. J
1944-1962
72,000
r42,000
1.72
100.26
1945-1958
100.57
r34,000
1.13
■
0.54
Ind.™
1945-1954
100,000
100.30
1910
Harpster, Ohio
1945-1954
5,000
,100.02
1.24
1911
Hedley Ind. Sch. Dist., Texas.
1953-1961
rdl3,000
1962-1970
rdl5,500
1946-1951
18,000
100.28
1.13
34
114
314
Hedley Ind. Sch, Dist,, Texas.
314
Ironton, Ohio
—114
Jo Davis County School District
4.',
School
Hammond
1911
1910
120,
No.
40,000
Ill.-___„__—
Park
Joliet
1908
City,
1703
Lakeland,
lbu7,
Lemon
Fla.
r5,350,000
100.02
2.99
16,000
100.86
1.15
1948-1956
r242,000
1946-1971
1946-1961
.
Fire District,
City,
*
City, Tenn
Lenoir
1813
1814
Long Branch, N. J,__
Lorain, Ohio
1815
Loudon,
—
1.75
100
1945-1954
6,000
1945-1950
1%
214
214 '
2.10
Ohio—_
Tenn
1608
1702
2.3$
27,500
Township North Middle-
town
Lenoir
1608
0.97
101
1945-1949
214
3
lV4y-
Leetsdale, Pa.
1802
+» —
102.14
1%
LaFollette, Tenn.
1815
'
10,000
111
District,
.Kittanning School District, Pa.
1607
rl02,000
101.31
2.1L
1*70,000
101.31
2.1L
1951-1954
100.49
2.04
r92,000
Too TO
¥.25
1945-1956
65,000
100.10
0.9$
1%
2
134
1945-1949
1*25,000
1945-1950
rl32,000
101.58
1.60
1951-1959
r261,000
101.58
1.60
4
1950-1954
r5,000
l'/a
1946-1960
35,000
1945-1964
44,000
1945-1943
Maplewood Township, N. J
Independent
School
7,500
1945-1958
214.
1
Tenn.
«'
.
Mcintosh
District, S. D
1495
McMinnville, Tenn,
McMinnville, Tenn,
Miller, Neb. I
Millwood,
Mississippi County, Ark..
Monmouth County, N. J..
314
1945-1969
rdl,977,000
114'
1945-1956
272,000
1605
April amounted to only $16,669,200, of which $10,139,500 was for
refunding purposes. However, as in the past, a considerable amount
1.55
'•
15 years
Duyrea, Pa
1911
15, 1944.
4.42
100.10
25,000
.
1605
15, 1942. Transfer books will
be closed until June
105.65
r32,000
1946-1960
.
N.
;
95,000
__
1703
1608
89,000
District
School
Ore.
1814
No.
1.07
16,700
Basis
rll5,ooo
*—
Clby County, Ky.
1815
1.50
101.07
1945-1954
Irrigation Dlst., Wash.
County
No.
100
1945-1958
1
111.
Bushnell,
1912
Price
rd$90,000
1956
Ky._.._:
1605
Amount
1945-1947
Rate
1813
1944, of
and debentures to
list all of the domestic issues put out during
TV ■■
T/T y.Tv
■ ,-Vy
, ,T.
we
Name
Page No.
1908
date
following
)T T;:T
April:.
1811
exchange by the
financing by States and municipalities during the month of
to be sold
4 Months
22,647,568
$16,669,200 $116,648,264
_
1702
for the much-discussed
For the
■:
April
T«,.T'
1810
previously
and for the
\
1812
New
1940
1941
1942
■
■;■:[$
52,674,000
Total
Mountain
214
1949-1962
d70,000
1911
Murfreesboro,
Tenn.— ____114-114
1947-1956
r303,000
1495
_
—;
„
Minn.
—
Grove, Mo
Norwood,
1910
1605
Peabody,
1814
Port
i.2i
100.01
1.44;
4
1945-1950
6,000
100
4.00
1947-1952
6,000
100.08
r46,000
0.90
1945-1949
1945-1949
1945-1954
1945-1954
1945-1954
1945-1954
60,000
60,000
22,000
22,000
dl50,000
100.59
100.03
100.10
VA
1949-1969
35,000
100.17
;
Mass.
1
1
W—
Ohio™
Clinton,
1.23
TooTi
1945-1956
Nowata, Okla,
Oshkosh, Neb,
1492
101.68
2-114
Ohio
1910
1813
Princeton, N. J.
1703
1.55
0~9T
0.9!)
0.87
Prospect Park School District,
Pa.
■
N.
Robesonia
1814
Scarsdale, N. Y,.
1703
1814
Sharon, Pa.
Struthers, Ohm
1608
Tacoma,
C.»_—
District,
....
...
Wauseon
1604
Wichita,
School
1.42*
100.09
0.9$
100.50
2.17
1945-1955
55,000
100.25
0.95
1946-1955
r85,000
100.41
0.93
1944-1948
r20,000
100.24
1.17
1945-1964
d2,000,000
100.02
1.59
1945-1949
r72,000
100.42
0.87
1945-1964
210,000
101.91
1.30'
200,000
10.0.53
0.89'
100
2.0Q>
1
various
;
Ohio
Warren,
1607
100.00
10,000
.various
Pa.
.....
Wash.1
100,000
rios.ooo
11/4
Rockwood, Tenn.
1945-1957
1
School
1704
1946-1964
1
Reidsvllle,
1495
1703
1.23
2'A
1606
District, Ohio
1
l'/a
1
1945-1954
1911
Wichita
Falls,
Texas.........
3
1945-1952
203,000
1911
Wichita
Falls,
Texas...
3 'A
1953-1960
d247,000
Falls,
Texas.
2%
1945-1979
d2,000,000
2
2
1954
1954
1911
interest, but is not entitled to im¬
pose the tax on the cost of ship¬
ping the materials from Chicago,
vv
(U. S.i
Placed in U. S
1813
penalty for non-payment plus
1943
.'":
22,647,568
Possessions-..
in
Placed
Definitely in prospect,
however, is the $56,000,000 California Toll Bridge Authority (San
Francisco-Oakland Bay)
revenue
refunding issue, bids on which
will be opened May 22.
Other sizable loans now on the calendar
include the following: $3,180,000 Orleans Levee District, La., on May 16;
$3,310,000 Chattanooga Housing Authority, Tenn., and $8,365,000
opinion writ¬ Memphis Housing Authority, Tenn., both for refunding purposes and
Justice Martin M. Larson,
*
16,699,200
Canadian loans (permanent);
Kan.,
Wichita
Wilber,
Total
Neb.
bond
d Optional.
-
:„»
.■_;
...
™_—™'T
sales
65
covering
for
April
separate
k Not
rd35,000
(61
issues)
including
k$16,669,200
,
$52,674,000 temporary loans or funds obtained bf
the Federal Government, r Refunding bonds.
States and municipalities from agencies of
CANADIAN
•
unanimous
$
(U. S.)_
■(•Temporary loans
Bonds
offering of about $42,000,000, as it is reported that May 29 has been
the court held the State is entitled
to
■'.*•'
1937
debt re-entered the market via liquidations
159, p. 1496. .- i
y.':;:
conducted by insurance companies and public trust funds.
We
exclude such operations from our monthly totals, although it should
UTAH
be noted that not infrequently they amount in the aggregate to more
Utah (State of)
than the borrowings accomplished during the period by the local
State Supreme Court Upholds
governments themselves, Such deals, moreover; have served in some
Tax of Federal-Use Property—A
measure to offset the drastic curtailment in new financing resulting
decision prior to the ruling of the from
shortages of materials and manpower.
United States Supreme Court (see
While April was an exceptionally poor month from the stand¬
article
under
"United
States"), point of new emissions, this will definitely not be true of the current
and contrary to the findings of
month.
Actually, the output for May should be in the neighborhood
the high court, was handed down
of $150,000,000, according to present indications.
This total allows
in Salt Lake City on
1944''
'/'■'/.
Permanent loans
1605
$400,000 revenue bonds to cover
of
v.
effected during April.
was
comparison is given in the table below of all the various
securities placed in April in the last five years: Ty;VT ¥VT::\V/'';:T;T'
1939
due Dec. 15, 1940;
Wash.
Department
financing
A
1940
were
WASHINGTON
since
The
1941
work on projects suggested to the bonds and debentures of
that
plans might
be the city and annexed municipal
ready, when peace returns, if the corporations maturing on or after
council decides to put into effect May 15, 1944, as provided under
any of the recommendations made. the provisions of Paragraph II of
It would be necessary to lay the Article 4 of By-law No. 1735 (the
sioner
the Securities and Exchange Commission was
underwriting group will be headed by the First Boston
Corp. and the Dominion Securities Corp.
-TVT.Tv
municipality
1942
T
order
$1,000,000
Denver,
Colo.,
18th
proposals
before
the
series, at 0.56%, plus $30; $100,000 bonding
voters of the city at such times as
Tuckahoe, N. Y., at 0.59%, plus
the council saw fit.
$2; $1,377,000 Woonsocket, R. I.,
The
at 0.61%, plus $32; $376,000 Up¬
proposed bonding issues
land, Calif., at 0.62%, plus $7; would provide for highway ex¬
$495,000 Lubbock, Texas, at 0.63%, tension, a new reservoir—much
needed
according
to
Commis¬
plus $12.
Brunswick
Smith, Barney & Co.
offered to investors at
were
1944
T/'TT7
nary
in
the United
in
2}A% refunding bonds by a syndicate
The bonds are due April 15, 1948,
a price of 99% and interest.
Sched¬
uled to reach this market during the current month is an issue of
$9,150,000 Edmonton, Alta., 3% to 3%% refundings bonds. This will
mark the first public borrowing in the United States by a Canadian
headed by
1943__—
30
about
public offering
of New
Province
and
last year.
interest date after May 1,
of
the
was
pared with $1,149,786 in March of
May
expenditure
Canadian municipal field last
States of $5,500,000
The principal development in the
month
For
$169,089 a year ago.
Cigaret tax income was
ing, building, finance and other
subjects, was unanimously adopt¬
Submitted to the general com¬
1949, on
days' notice. Principal and in¬ mittee by its executive group and
terest payable
at the Guaranty addressed to the City Council, the
Trust
Co., New York. Legality report contemplates public im¬
approved by Vandewater, Sykes provements which would require
& Galloway, of New York.
bond issues totaling $468,000 and
authorities which disposed of $39,799,000 notes.
with
any
interest date
1, 1944, on 30 days' ed by the city's Post-War Plan¬
notice, and $161,000 bonds matur¬ ning committee at a meeting held
ing in 1978, are optional on any at the City Hall recently.
mulations
after
in April, the bulk of the grand
accounted for by a group of local housing
borrowing
was
No United States Possession
(State of)
^
^
$29,510,421 in Treasury
■—State Treasurer John M. Smith
—A
comprehensive report, con¬
taining recommendations for city
temporary
Wisconsin
Report
.
.
for
of $52,674,000
formed.
City and annexed municipal cor¬
porations maturing on or after been a simple matter to authorize
May 15th 1944.
' ' '
plaintiff (company) to buy as an
Accordingly, the securities to be agent of the Government, to is¬ aggregated $24,274,982, compared
$19,743,689
in
the
same
given in exchange by the City sue a tax exemption certificate with
month a year ago.
under the said By-law will bear
or otherwise declare the goods
Automobile
interest only from the last inter¬ Government property."
license fee collections amounted to
est payment date preceding Oc¬
$2,527,808, against about $2,678,VERMONT
005 for March, 1943.
tober 16th 1944 of the old bonds
Liquor tax
and debentures to be replaced.
receipts of $341,510 were off about
Rutland, Vt.
$30,000, but malt beverage tax in¬
MONTREAL, May 10, 1944. ; ;
Wide Range of Post-War Con¬ come totaled
$181,539, compared
.
As
total
Tacoma
seven
Monday, May 15, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2024
Canada
1816
(Dominion
MUNICIPAL
BONDS
1944
*65,000.000
Q.75
*65,000,000
(Dominion
of)*
(Dominion
of)
1816
Canada
(Dominion
of)__
1816
Scarborough Township, Ont.—
Scarborough Township, Ont,__
New Brunswick (Province of)_
Canadian
.
*65,000,000
1944
Canada
Canada
Total
APRIL
1944
1816
1704
IN
<•$155,000,000
1944
1816
1816
ISSUED
of)——
municipal
—
,
issues
3
3 Vs *
214
sold
1945-1951
0.3$
_
_
150,000
1959-1967
0.3$
_
60,000
1948
d5,500,000
during. April -
♦Temporary loan; not included in month's
total.'
$5,710,000
d Placed in United States.
0.39
@FedFRASER