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MAY
J*44
-
ADHi
BUS.
library
MONDAY
Volume 155:
^
-'+-
«4 rrf
-
Number 4073
New
York, N. Y., Monday, May 18, 1942
Price 60 Cents
Copy
a
-A
STATE
AND
CITY
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
May
8
bonds
In This Issue
of
-
of
on
$150,000
about
Due
$6,000
Corporation News
on
City News «
Schmidt,
Farmers
May 1, 1967; callable
May 1 annually from
be
.
Poole
&
Bank
&
Stock
,
the
State
|
Exchange-
United
States
'
?
■
(See Index Below)
Talladega, Ala. '
1943
refunding bonds was sold recently
to
Watkins, Morrow & Co. of
Birmingham, as 2% s. Due serially
over a 20-year period.
(J-D)
Bond
Refunding
of
in
The
1924,
to
bonds
and
were
the
Everybody
benefit
the
In
a
int:
was
an
offer of
:
,
the
lower
G.
COLORADO
Cripple Creek, Colo.
-
Ordered—The
Bond Sale Details—In connec¬
May 4 tion with the sale of the
$97,000
(not $90,000) improvement dis-j
refund $4,900,000 5J/2%
trict refunding, and .'water plant
road bonds of the above purchase bonds to r a syndicate
y;' headed by Boettcher & Co., of
Denver, report of which appeared
Phoenix, Ariz.
•
Sale Details—In connec¬ here in January, we now under^
'•county.
;
;
.
Bond
j
.
tion with the sale of the $18,834.90 stand
that
the
bonds
were
sold
paving improvement bonds to the as 3V2S, semi-ann., at par, are
*H. G. Hanchett Investment,. Co., dated April 15, 1941, and mature
follows:
.of Phoenix, report of which ap- as
$5,000 in 1942 and
peared in our issue of May 4, City 1943, $5,000 in 1944 and 1945, $6,: Clerk
John H. Udall states that 000 in 1946 to 1948, $6,500 in 1949
the bonds were sold as 5s, for a and 1950, $7,000 in 1951 to 1953,:
-premium
of
$502.89, equal
to $8,000 in 1954-to 1956. Bonds ma-j
1956, optional
; 102.86, are dated March 4, 1942, turing in 1951 to
•
•
and mature
on
Jan.
1,
as
follows:
at any
.time.,'Vi'f
court.
1952.
•
.
j
4%
Safford, Ariz.
.
Bonds Defeated—It is stated by
t
Bond
are
Call—The
bonds
of
the
called for payment on June
a
O.
count
."for."
of
176
"against" to
141
Sch. Dist. No.
1
Bond
Sale
Details—It
reported
that
struction
is
Bonds
Sold—It is stated by the
Town Clerk that
bonds have been
(P. O. Yuma), Ariz.
noted
here
$3,500 refunding
sold, as 4s.
i
calmest
CONNECTICUT;
the
$42,000 con¬
sold to Refsnes,
Southington, Conn.
May Require Bond Issue—Ed¬
Co. of Phoenix, as
in
February, were ward C. Butler, Borough Warden,
in
man
State
the
administration
is the tall, graychap who runs the show,
Gov; Spessard L. Holland.
' y;
Everybody else in the capitol is
fretting..about finances, particu¬
larly revenues from gasoline taxes
and
automobile
a
licenses, but the
some
figures
pad and confidently
scribbles
scratch
this
—
increases
in county
particularly
as
full
the
year
ad
cash
the
property taxes will result.
construction,
for
the
in*the
black.
when
that
any
special
Legislature will
Holland
session; of
be
the
necessary,"
declared.
from
some
We have read with much inter¬
est
bonds under tire and
tioning.
While
gasoline
have
we
inclination to enter into
discussion
a
these
of
ra¬
desire
no
pro¬
mat¬
ters, we do want to make our
position clear and to state some¬
what
fully than
more
in the article
which
on
based.
possible
was
mentioned, the data
conclusions
our
First of all let
us
terior
motive
nor
behind
attempt
any
the, market
bear
to
most
ul¬
no
whatever
statements
our
were
say
emphatically that there is
time.
We
believe
interested
Florida
on
in
the
investor
unbiased
an
ment
of
{hem.
Where abuses exist
conditions
attention
should
figures
as
be
the
research
tabulations
made
Welsh, -Davis
that
cost.
based
are
statistical
are built now the
Federal Government pays most of
is
state¬
we
see
feel
we
called
to
our
article
on
our own
and
not
on
by others.
Co.
&
complain
written with¬
was
.
out full consideration of the facts
"The
highway picture seems to
and that it does not give any fig¬
right," Governor Holland
ures on which to base sound con¬
7; '
@ ;'V:
clusions.
We did not give any
County road bonds are financed
with revenue from gasoline taxes figures in the article mentioned
be
all
said.'
'
allocated
ernor
to
the
Holland
counties.
expected
Gov¬
no
diffi-
j
point-'
culty in the bond program,
ing out that the State Board
Administration
now
has
a
"kitty"
of
county
of
$17,funds
with
Florida.V
When
w;
the
whole
; V
scene
is
because
space
was
not
available.
Before, however, our conclusions
were
made public, we had pre¬
pared and checked such data and
analyzed it carefully.
Contrary,
therefore, to the statements made,
believe
we
we
can
demonstrate
the article in question was written
with far more comprehension and
thorough knowledge of conditions
surrounding Florida road bonds
than
apparently
available.
some
others have
••'./.!*
in
order
hard
to
facts
be
of
where
value is cold,
they exist and
"reason for be¬
not on hopes or
sidered, ' the picture isn't at all
lief."
That is axiomatic.
and discouraging, Governor
this first vital principle
Road
Bond
tinues—Our
Discussion
issue
Con¬
of
April
27
contained a brief appraisal of the
effect of declining gas tax rev¬
enues
on
county-wide and road
and
bridge
district
bonds,
re¬
printed from a bulletin issued by
A.
B. Morrison & Co., Congress
Building, Miami, Fla. The oppo¬
site
side
of the
picture
was
pre¬
sented by
Welsh, Davis & Co. of
Chicago, and the Clyde C. Pierce
Corp. of Jacksonville, through the
medium
of
our
May 11 issue.
columns
in
the
v
primary
basic
principle
underlying
everything
else on
which any analysis, either of se¬
curity or policy, must be based
dark
sources
,
The
con¬
Holland said.
Revenues
in any way:
roads;
-
present indication
memoran¬
bulk
We'll
—
no
Morrison's
is
which it can pay maturing
hold expenditures to a minimum obligations of counties so that de¬
faults in principal
and interest
during the lean summer months.
maturity will be avoided.
Heavy collections such as occupa¬
Old age pensions are financed
tional
licenses
and
insurance
chiefly from whisky and
beer
premium
taxes,
beginning
in
October will put us into the black taxes, and this revenue has in¬
creased steadily month by month
again,: and it appears now that
we'll be even or better when the during the past ^year, reflecting
the great expansion of the Army
Legislature
convenes
in
April,
andNavy
training activity in
1943.
30)
Mr.
of
program
county
general
keeps tax levies up,
increased collections in
000,000
fiscal
as 2s, at par, are dated recently
indicated that the bor¬ are
decreasing, but others are
1,
1942,
and
mature
on ough may shortly be required to
shoving upward at equal propor¬
July 1, as follows: $5,000 in 1943 Issue bonds in the amount of $23,- tion.
The
public is using less
to 1948, and $6,000 in 1949 and 000 to pay for various
improve¬ gasoline, but it's drinking more
1950. Interest payable J-J.
ments.
Mr.
Butler
further ob-! beer and
whisky, and there's a
served that $32,500 in short term tax in each
field.
CALIFORNIA
notes become due in August.
Old
age
pensions,
increased
Santa Barbara, Calif.
through additional taxes on horse
DELAWARE
Bonds Sold—City Clerk Faye
race
betting, have been provided
Canfield states that $50,000 fire
Milford Special School
for the remainder of this
District,
year;
equipment bonds were offered for
-V'
Del.
school teachers have been
paid
-sale on May 7 and awarded to
Bond Sale
Francis I. du Pont most of the State •
appropriation
the Bank of America, N. T.
& & Co. and Chisholm & Chapman, due for the 1941-42 school
year,
!S. A., of San Francisco, as l%s, of New York, obtained award on the
expense of the 1941 Legisla¬
■'
-
by
construction has been sharply re¬
stricted by Federal orders,
and
purchased
Jan.
may
,
finish
text
dum, which has not been edited
them. We believe that our analy¬
of gasoline tax
sis of conditions is perhaps more
allocated, can be ad¬
nearly correct than that of some
justed monthly to meet changes
of
our
critics
perhaps because
in
revenues.
In
fact, highway
our
The
haired
"There is
now
bonds
Ely, Beck &
•
Swink, Colo.
;
t
,
Yuma Co.
The
(June
1|
at the office of Peters, Writer &
Dawson, Town Clerk, that
at an election held recently $497,- Christensen,
Inc., * of ' Denver;
Dated Dec. 1, 1939, callable on
.000
not
exceeding 4%
electric
any interest payment date.
•revenue bonds failed to carry by
O.
—
,
"We'll
district
State
Corp., Barnett
Building,
Jacksonville, has .re¬
printed
the
following
article,
which appeared originally in the
"Florida Times Union," of May 2:
de¬
If
which
Reports Good Finan¬
for
about
this
Highway
C.: Pierce
predicts:
entire issue of
above
Clyde
receive
fund
revenues
Condition
that
automobile
hand,
assessment
greatly
Florida (State of)
Governor
expressed purpose to be ab¬
solutely impartial in controversial
matters, we present herewith the
our
road bonds. 'We
feel, however,
brings
that
there
are
certain
existing
more money in its second year of
conditions
which
may
lead
to
operation Assessments previously
serious trouble unless corrected in
were on an average of 25% of full
value
local
cial
other
offset
able to proceed with its refunding
on
other bonds held valid.
?
-
also
sources,
valorem taxation
value.
on
•
1949 to
dog
State school funds
in
school
Governor
■
$1,834.90 in 1943, $1,900 from 1944 Crowley
County Sch. Dist. No. 25
to 1947, $1,400 in 1948 and $2,000
(P. O,- Ordway), Colo.
from
the
Haley, town
'
fewer
revenue
,
to
On
be
the New Orleans Court which has
D.
agreed
seems
be
teachers
crease
Tampa and won a decision.
Appeal was taken by the town to
reversed
road
tracted
;
of
now
us
a
memorandum,
explaining his views
the current and future gas tax
bond situation. In line with
on
or
brought
brought suit in the Federal Court
According to
will
attorney, with the seawall bond
suit disposed of, the town will be
Stuart & Co., Inc.
■:
fully
in
$1,200,000 a year from gasoline
taxes, and there will be less gaso¬
line consumption.
Belleviewsuit
sent
more
licenses
town
and
Arizona Supreme Court on
;and 6%
particularly
Under date of May 13, Mr. Mor¬
licenses
is¬
from
incl.
'directed the State Loan Commis.siori
county govern¬
financing,
there
a
13/4S, submitted by Hal-
on
Maricopa County (P. O. Phoenix),
4
Court
Prin.
$5,000
1952
Second best bid
Ariz.
others,
■
rison
the recent article by Welsh,
racing is suspended or if revenue Davis & Co. of Chicago giving
from racing taxes materially de¬ their exceptions to the statements
creases.
Each county
receives in our bulletin of April 20, 1942,
$33,000 a year from racing taxes. with reference
to
Florida road
The
—
June
payable
100.803
Denied
basis in 1936 on behalf of the taxpayers,
1, the Florida Supreme Court ruled
Mr. Olds then
June 1; the bonds invalid.
Dated
in lawful money
at the office of the City Treasurer:
sey,
ARIZONA
1.49%.
Due
to
be
smaller counties if horse and
claimed that the money was used
price of 100.038,
about
1942.
issue of
will
about
course,
ment
Circuit
Biltmore Hotel.
Sold—A $25,000
of
There
The
solely
Bonds
salaries.
sold in 1943, and these
produce about $7,000,000
annually
for teachers'
salaries.
sued
a
rev¬
the above town, in a suit involv¬
ing the validity of $295,000 sea¬
wall bonds, plus accrued interest
of approximately
$177,000.
The
suit was brought by R. E. Olds, a
-
Miscellaneous
of
general
bondholder.
Unlisted Securities
paying
105.501
Appeals in New Orleans is re¬
ported to have ruled in favor of
Out-of-Town Listed Markets
ALABAMA
Dela¬
Fla.
Validity
against
funds in the next fiscal year.
long range, only one major
financial
problem
seems
likely to confront the 1943 Legis¬
lature. It is public school teachers'
FLORIDA
Bond
charged
At
Par
Belle air,
so
paid, and virtually
appropriations have
that they will not
State
National
Jointly
been
sum
paid
enue
106.03
cf
First
Co., Milford,
has
lump
been
Rate Bid
,-..
.
Co
Exchange
York; Curb
Dated
Other bids:
-
and
Trust
Milford-Trust
QUOTATIONS
v.
ture
a
Co..........
of
Dover,
Bank
New
all
1943 to 1967 incl.
ware,
York
basis
May 1,
Bidder—
State and
New
school
1.96%.-
1942.
;
2V2%
106.13,
bid of
a
When
is not
followed, then naturally doubt is
aroused as to either the good faith
INDEX
Quotations:
Page
1895
Exchange........ 1905
Other Stock Exchanges.
....
1909
New York
Stock Exchange.......
New York Curb
Unlisted
Securities.....
1912
State and City Department:
Bond
Proposals and Negotiations 1881
Gen. Corporation and Invest. News 1912
Redemption Calls and Sinking
Fund Notices
Dividends
Auction
Sales
The Course of Bank
Cleanings
Capital Flotations (April)
1887
1888
1893
1*04
1891
,a
THE COMMERCIAL &
1882
knowledge of the persons mak¬
ing the statements. In the present
ease
there is no question as to
or
the former but there is as to the
the
-
In
!
-
the
Board
in buy¬
Administration
of
long term obligations which,
opinion, are unsuited for
ing
In
i
'
our
Any expe¬
will agree with
Sinking fund purposes.
rienced
us
•
investor
that
ing
like
times
in
should be
investments
fund
'
either cash
or
sink-^
these
of short term liquid
Co.
and referring specific¬
ally to this criticism state they
f"have every good reason to jbecharacter.
Davis
Welsh,
&
admit this,
'
will
.
commit
.
.
Administration
the
that
lieve
j
itself
to
a
'
policy of holding reserve funds in
liquid assets.",; There is more of
.this same in the letter but it is
all to the same effect, viz:
that
the State Board hasn't been doing
what
we
check
Obviously
criticize.
been
have
could
no
made
on
.what the State Board of Admin¬
istration has actually been doing.
!Had
this
done there could
"every good rea¬
been
have
not
been
son"
whatever for
reason
any
or
basis 'bf^about' 2.18%-^-v/
>toThe Carlton D.-Beh Co/of Des
Bond -and
Note
Tenders
153/
percentagewise, of im¬
vited—Pursuant to Chapter 15,894, Moines./The bonds/according to! p. 1722—were alsa bid for as fol¬
pounded funds-upsets the balance
lows:
Laws of Florida, the State Board report, mature from 1957 to 1961
!,/'■• .•"■ ■' , v, •«':/,
/
shown in Welsh, Davis & Com-;
Bidder—
•:
1- '
' Tht. Rate Rate Bid
..•n.Lu.-v- /,/ r,';'
/*;*•• j
of Administration through J, Ed¬ incl.panyZs calculations.)1 Interest and
a
...
months by
$163,000.
However, since April 1,
1942, the
the
12
next
has
State Board of Administration
authorized cash
for
those
All
it.
bonds
so
;
to
feel
the
State
Board
of
Act-
'
y
,
;
'v
.
/';
,
'
v
and
water
-t
revenue
long
'
lows:
investment
bonds for
term
therein,,
districts
bridge
lensperger,:Hughes &
beyond that time, How-i
be borne in mind
months
ever,
it must
that
this
not
does
necessarily;
•
be -delivered
will
and
tenders
shall
be
—
is
stated
with
connection
the
on
is: investing.
While
subject we might add that
this
11—v. 155, p. 1642—were awarded
Raffensperger, Hughes & Co.,
Indianapolis, at a price of 103.77,
basis of about 2.86%.
a
on
1,
from
to "1952
J
l0WA
TT1
v
Due $300
1943
•:•/■•:
-
i
i
.*•
-
any
:/.>
/ Bonds
■
,'.'Vv
Dubuque, Iowa
1
Sold
City Treasurer
—
sanitary sewer, special assessment
bonds were purchased by a local
have
shall
AprilTO/1942. Due1
1,
1946 to
1952;'
callable at the option of the city.
Prin. and int. (A-O) payable at
call, and when any
said/bonds
Dated
$500 from April
city,
the
been
City Treasurer's office.
/////
for
able in lawful money at
zz-///v/z//:
Bond
Clerk
the Con¬
Trust
Chicago.
Co.,
The
Sale
states
semi-ann.
tinental Illinois National Bank &
j;.
kansas
^Garden City, Kan.
:
Details
that
The City
$65,000 1%
—
the
airport
./V././V-
bonds
sold
re¬
cently—v. 155, p. 1722—were pur¬
chased by the City National Bank
& Trust Co. of Kansas City, Mo.,
bonds
at
price of 100.014, a basis of
0.995%. Due $13,000 from
May 1, 1943 to 1947 incl.: // ; / /
a
about
/ Hutchinson, Kan.
Maturity—The City Clerk states
that
to
the
tion
counties.
interesting
June
-
incl.
.
much for those
.
to
principal
rather
/
^
tenders on May 6, of the above and the interest thereon shall be
city's refunding bonds, the city payable solely from the revenues
from the gas tax
revenue alone.
They will have to purchased $25,000* at 70.00 and in-' derived from the water ./works
levy ad
valorem taxes or get terest, and $2,000 at ;75.00 and system of the city and such bonds
interest.
/■/! / *?'
shall not in any event constitute
help; from the' State Board of
an indebtedness of the city
Administration
or
some
other
with¬
."Z,./"; / Miami, Fla. //;' "i /// '.*>)'j
source.
Until the
constitutional
Certificate Tenders • Received—1 in, the meaning of any constitu¬
amendment
passes,
the
State In connection with the call/fdr! tional or statutory limitation.
Board of Administration cannot' tenders on
May 6, for the above
Metropolis Paving District No. 10,
do
and
-•
Z
Bond Sale
The $3,000 street
improvement bonds offered May
maturing : interest
meet
cannot
/
•-.
bidder. '
fbr
call
'•/:•.
Sharpsvllle, Ind.
circulation
such; publication
thereof to be at least 30 days prior
The
in
of
by Paul D. Joyce, City Clerk, that
in
Commissioners has
lished and of general
submitted,
It
State
Otto F. Puis states that $3,500 5%
to
as
balled
Purchased
,
The
—
$13,depart-"
redemption and pay¬
of such sealed
ment made or'provided for, in¬
offerings mav be enclosed in one
terest/thereon shall cease from
mailing envelope.
!" ■/::.//// T4
and after the date /so specifed
///•/;■/» Haines City, Fla. /////./J Principal and interest (M-N) pay¬
Bonds
Bonds
of Tax
■
• -v
'(
unknown holder,
notice shall be given by publica¬
tion, once/in a newspaper^ pub¬
hnd*.
to the date of
number
any
■
2l/s%;p'""101.17
v-o.,.-
ment bonds.
covering the bonds of each county;
but
-
authorized the city to issue
000 general obligation fire
$0 days prior to the date of call,
with The
price asked/ /f
ZT
>■ Sealed envelope containing of/
ferings of bonds pursuant to this
notice, shall plainly state on 'its;
face that it is a proposal for sale'
of road and bridge bonds.;
Seprt
bonds for the
arate
Issue
Board
.■
and in fact to take
requirements for some
-
//'/• ] New Castle, Ind.
,
To
Charlotte: DeSoto Special R. &
of various counties of
$9,000 in 1960 and 1961, and $10,approximately
$340,000.
This B. Districts Nos. 1, 4; Hardee,/ex¬ 000 in 1962 to
1967; provided,
means, therefore, that a substan-; cept District No. 7; Hernando and
however/ the city reserves the
tial sum would have to be sup¬ St. Lucie, including Jensen R. & B.
right to redeem and pay bonds
;. ,/■'
' -■
plied from the gas tax or some; District.
All
offerings submitted Z must maturing in 1965 to 1967, in their
other source to take care of;all
numerical order, as follows: $10,requirements
through April 1, be firm for 10 days subsequent to
000 on
May 1, 1947, 1951 and
1943. The gas tax, of course, will the date of opening, i.e., through
1955; or on any interest payment
provide substantial amounts of June 8, and must state. full name,
date after said respective dates.
cash
so
that
for "the
next 12 description and serial numbers of
Notice of the city's intention to
months there is no question, as
bonds, interest rate, date of issue,
redeem and pay said bonds shall
we
tried to make<! clear in our date of maturity- and price asked.
be given by registered mail to the
bulletinj but that there will be The offer must, specifically state
holders thereof, if known, at least
plenty of money to meet total re¬ exactly what coupons are attached
of
Oo?,'v"
and
■
1951 to 1954, $8,000 in 1955 to 1959,
accounts
quirements
•
'100.Wl'.•
$5,000 in 1943 to/1946,
$6,000 in 1947 to 1950, $7,000 in
•
care
t.
.
2\Y/o
1C0.16
Co.; ..Gity1 /
•' ;.laf»', •. *
•'•.v.
Webber" &
.Soourities' ' /^o.
''.
: v
i'iwii,
v
John-..Nuveen /s
Paine,
v
'■■&>
t.'V'.2»/4%*
:^Upley &-2o
follows:
fol¬
V.\: '// .'
as
:
C-/V;'.
Chicago
'
;
It is city's
2%
registered- refunding
:'//;T
///.
T/.T/;,'
know that certificates of indebtedness, A. E;
/ Bond Issue Details —The $36;right now there is a very decided Fuller, Director of Finance/ states
the State Board of Administra¬
500 paving bonds reported sold in
objection on the part of some that of tenders * received totaling
tion
purchased these bonds at
v. 155, p. 1170, were purchased by
counties to having their surplus
$325,000, $150,000 ; were accepted
figures greatly in excess of mar¬
the City National Bank, National
money used to help out weaker at
prices ranging from/95 , tq
ket prices. Should it be necessary
State Bank and the First National
counties which are making no ef¬
99.875, and interest, an/average
to
dispose of the bonds at any
Bank, all of Metropolis, as 5s, at
fort to help themselves, in other
price of 99.46.
/'/;/
/
time soon they could be sold only
par.
Denom. $100/Due Nov. 15,
words to levy ad valorem taxes.
at substantial losses.
idaho
as follows; $4,100 in 1942 and $3,Welsh, Davis & Co. go to con¬
600 from 1943 to 1951 incl.
/•'
J, - One more correction to a state¬ siderable length to show how ad-;
Black Cloud Sch. Dist.(P. O.
smen! in this Tetter of Welsh,
ditional ad valorem taxes can be
; f;V Moline, 111. V-/;
.Wallace), Idaho
':/•'"{■
Davis & Co. that has to do with
Bonds Approved — We under*}
collected.
The
vital
fact
they
Bond Issue Details—The $111,the State not returning any gaso'r
overlook, that destroys their ar¬ stand that a recent election re-( 000 234% hospital addition bonds
line tax surplus to any county for
suited in favor of issuing $10,000
gument completely, is that
ad
sold to Quail & Co., Davenport, at
operations. "Operations" obvious¬
valorem tax money, can be used construction bonds.
Z/;/://';
a
price of 100.16, as reported in
ly, is not what Welsh, Davis &
only for the bonds of the county
v. 155, p.
Co. must mean since the Supreme
illinois
1721, mature Dec. 1, as
where such taxes are collected
follows:
Court
of
Florida
$7,000 - in
1943
and
effectually and cannot be parceled out here
Batavia, III. :
/
1944; $8,000, 1945 to 1947 incl.;
stopped the practice of diverting
Bond Election-Z-An election will
and there as it is proposed to do
$9,000,
1948 and
1949; $10,000.
gas funds to operating expenses
with gas money if the constitu¬ be held June 23 on the question
1950 and 1951: $11,000 in 1952 and
some
years
ago.
Evidently the
tional
amendment
passes.
We of issuing $17,000 land purchase
statement must refer to surplus
$12,000 in 1953 and 1954. Interest
' v'/.;/'"
hardly think anyone really be¬ bonds.
'/•- r\ J-D.
being diverted to road building,
/;/■//''
',"/-//
lieves that Dade County, for ex¬
but if that is the case it has noth¬
Champaign County (P. O. - t
;
■
'
Roodhouse, III.: ample, will, purely from an al¬
Z ; /
ing to do with "operations."
Urbana), III.
/ Bonds Voted—At an election on
truistic or any other motive, raise
Bond Issue Details ^-The $18,-i
According to figures submitted its taxes 10%, 5% or even 1% in
April 28 the voters authorized an
by Welsh, Davis & Co.:, there will order to take care of debt re¬ 500 2*4% refunding bonds pur^
issue of $3,000 4%' street bonds.
chased by the H. C. Speer & Sons
be
plenty
of
money
available quirements of some other coun¬
Co.. of Chicago,—v. 155, p. 1721—*
/ : /
from sources outside ad valorem
Savanna, III.
" /"/ '
!
ties that do not levy any ad valo¬
mature on May- 1 from *1943to
taxes to take care of all interest
/ Bridge
Purchase
Dropped —
rem
debt service whatever./ '•//.
1945 incl. / " TZ
and
!:J; f'//;■'•:? Harold Dinsen, City Clerk, reports
principal
requirements
We have felt for a long time
through September, 1944. In sup¬
that the City Council has • aban¬
that the whole trouble with Flor¬ Cook County (P. O. Chicago), III:
port of this theory certain figures
Warrants Called—John Toman, doned
plans / to
purchase
the
ida road bonds has been too many
are given which
again show lack
Savanna-Sabula bridge from the
people have attempted to rate all County Treasurer, announces that
of careful analysis. Likewise the
bonds alike, relying on the gas 1941 corporate tax warrants, Nos; proceeds of the sale of $950,000
conclusions reached are entirely
tax for payment and disregarding 1 to 600 incl., $5,000 dehorn./ will revenue bonds,—V. 155, p. 1795.!
ministration
Tolede
Har^raan
,<Bond Issue Details—The
000
Harris,
■Sm.a.....:an,
*
Jerseyville, III.
T /
$190,refunding
honds purchased by Lewis, Pickett
& Co., Chicago—v. 155, p. 1795—
were
sold
as
3y2s, at par, are
warrants, certificates of indebted¬
dated
May
1,
1942,
in
$1,000
ness- and/or
negotiable notes of
1, as
the counties, and special road and denoms. and mature May
expenditures for
The mean there will be enough avail-;
have been the able in the case of each
indi-j
case.
Since March 1, 1942, which
vidual county. In our bulletin we;
is the date Welsn, Davis & Co.;
called attention to the fact that
•use as the starting point of their
in our opinion it would be neces¬
various
calculations,
the
State
sary for some of the ; counties to
Board of Administration has pur¬
levy; ad. valorem taxes if defaults
chased or authorized purchase of
or delays
are to be avoided and
bonds to an amount aggregating
probably quite necessary to ex-*
nearly $700,000 cash.
This is a tend
maturing
principal for a
matter of public record.
Anyone
period. A check of the individual
"can
get
this
information who counties shows that some of them
looks
/
/.
r.-v
.
would
'purchased are long term obliga¬
tions, entirely unsuited, in our
'opinion, for sinking fund pur¬
poses where liquidity, particularly
'now, is necessary. By no stretch
of
the
imagination
can / these
bonds be called "liquid assets" in
which Welsh, Davis & Co. seem
/
win
Larson, State Treasurer, will
receive until 10 a.m. (EWT)/on
1943, were approximately $9,137,**
000.
In
other words, the cash May 29, jn Tallahassee, -sealed of*
shown available
as
of- April 1/ ferings of matured or unmatured
1942, exceeded the amount of ma¬ original ;or refunding roadV: and
turing principal and interest for- bridge or highway bonds/ time
to April 1,
making any such statement.
contrary
Monday, May 18, 1942
amount:
i principal requirements
-
April bulletin we criti¬
policy of the
State
our
cized
are
facts.
i
Here
latter.
FINANCIAL CHRONICLE
bonds
$27,500 airport
acquisi¬
sold to Beecroft, Cole
Topeka, as l%s, at a
price of 100.404, as noted here—
v. 155, p. 1722—are due on Feb. 1
&
Co." of
as
follows:
1944
to
giving
a
$1,500 in 1943, $3,000,
1951, and $2,000 in 1952,
basis of about 1.30%.
-kentucky;
■
•
•,
.
.
.
.
nullified because of the
mentioned
the
fact
above
that
the
Administration
in
State
is
error
we
overlooking
intrinsic values
of
life of the
ries; there is
cash surplus in buying long term
What we stated in
April bulletin was that the
actual requirements of the various
the
care
For
amendment, if it
of all interest and
some
counties and road districts cover¬
of
ing interest and principal will al¬
taxes
car¬
little doubt that
very
take
tax will eventually
gas
obligations.
our
heavy
in
years,
principal.
we
base
April
1,
this
conclusion.
As
1942, which
from which
our
is the
calculations
of
date
maturities, ad valorem
counties
some
Board of Administration
proximately
was
ap¬
$9,478,000, of which,
was tied up in
however, $169,000
special levies
so
that actually for
general bonds there
only
slightly
was
available
$9,300,000.
(Note that even this-rather small
over
$5,000 denom.
will
T
/ 1
GreenvieWf- III.
Proposed Bond Issue
.
An
—
ment bonds.
'j
Notice is being given to the hold¬
1/1928, and road and bridge
bonds, 5s, issues dated Dec. " 1,
1916, June! 1,. 1922, and April 1,
1926, that hearings will be held at
the office of Harry R. Lynn, State
Local Finance
Officer, Frankfort,
May 21 to consider the pe¬
tition of the county for the ap¬
Ky.,
:/ Bond Sale
or-i
—
*
.
.
The Farmers &
authorizing an issue of Merchants Bank and the ■* First
judgment funding bonds National Bank, both of Vandalia,
been passed , by the Village jointly, purchased the $12,000 2%
on
of the
proval
to
refund
issuance
war
conditions
still insist that the wise
we
to
Under
follow is to
all
sets
conserve
We
possible.
course
cash
10.00 a.m., central war time, and
the road and bridge bonds at
on
1 p.m.,
central
also
to
put
stating
tax
gas
rate
ourselves
in
that,
bonds in
as
all
Florida do not
equally,
a
now
fact brought
electric
light and
ing of the gasoline
rationing.
-
•
revenues
due
-**...
-t
At
an
purchase
election
bonds au¬
voters at an elec¬
an
Co.,' if and when
give
final
posal.
.
.
z
155.
sue
of
'/[
Sold
n.
—.
As
.!
indicated
1721, the city sold
an
in
is¬
$200,000 electric light plant
extension
revenue bonds-as
y
T,
■;
,
-
'
;
•'
..
Other
port
.
-
.capo.
$160,000
bonds awarded April
as-
»
'V;
(
/
!'
/'
Lexington, Mass.'
'
*
$100,000
anticipation notes was sold
May 11 at 0,51% discount, as fol¬
lows: $50,000 each to the Second
tax
Trust
Boston, and the
Co.
The notes
dated
are
ture
ance
Gary, Ind.
Bids—The
Halsey, Stuart &
officials
the . pro¬
Note Sale—An issue of
May
4
*
Z
of
massachusetts ;
May 12, 1942 and ma¬
May. 7, 1943.
/ •
•
.
Note
_•
TVA
approval
.
.
Maiden, Mass.
indiana
.
Jacksonville, III.
Bonds
v.
issue
revenue
ing the local plant from the Ken¬
tucky-Tennessee Light and Power
tion in March.
road
of $15,000
improvement bonds.
f
proved
power
for the purpose of acquir¬
bonds
held late in April the voters ap¬
out
with the lessen¬
—
site
thorized by the
Township, III.
Voted
;
particularly
to
record
opinion,
on
our
Bonds
want
airport
.
,
/
Revenue Bond Issue Authorized
,
—The City Council on May 5 au¬
thorized the issuance of $430,000
Lexington
Harter
time.
war
Mayfield, Ky.
National Bank of
Council.
bonds
outstanding bonds
The hearing oh
the funding bonds will be held at
has
as¬
of
the
described above.
,
VanJal/a, III.
././
funding bonds, 5s, issue of
Dec."
•
j
of
ers
-
dinance
be
County (P. O. Jackson),
///'Z/T;: Z'ZZ,; Kym
/Refunding Proposal Pending—
$10,500
necessary.
were
made, cash available to the State
paid on presentation" through
; Shawneetown, III.T 5
!
bank or to the County Treas¬
Bonds Voted—At an election on
urer.
Also to be presented for
May 5 the voters authorized an is¬
payment are 1941 highway takf
sue of $6,500 fire truck and equip¬
warrants, Nos. 1 to 260 incl.,' in
however, because
most
exhaust, within the next 12
months, cash now available. Here
are the general figures on which
be
any
its
Board
spending
entirely.: Over the
Breathitt
air¬
29 to
Sale—Sale
of
a
was
$10,000
made
war
on
allow¬
note to the Maiden Trust
Co.,
interest * to - follow.
Dated May 13, 1942 and due May
13, 1943.
Other bids: National
at
0.60%,
Shawmut Bank of Boston, 0.60%;
100^84, ;Merchants National Bank of Bos-
Co., Inc., Chi-
244s.: at as price of
12
.Volume 155
: THE'COMMERCIAL & FINANCIAL
Number 4073
.
CHRONICLE
'
by appropriating a certain amouht
sWaltham, Mass.'
ton, 0.64%; First National Bank
of
To avoid financial
Note Sale—The issue of $200,> each> year.
Maiden, .0.65%;
Middlesex
County National Bank, Maiden', 000 notes" offered "May 12 was disaster in case of large losses, the ■
«0.70%.
'
awarded to Whiting, Weeks & Association said, the fund should
be at least as large as .the insure
StubbSj of Boston, -at 0.465%, dis¬
New Bedford, Mass.
count.
Dated May 12, 1942 and able value of the most expensive
Note Sale—The issue of $500,due Nov. 5, 1942. Other bids: Na¬ municipal -building in the > city.
000 revenue anticipation notes of
tional Shawmut Bank ofc Boston; For this reason, self-insurance is
1942 offered May 11 was awarded
better suited to large cities than
0.50%; First National Bank, of
to the National Shawmut Bank of
to small ones.
,:Boston, 0.53%; Leavitt & - Co.,
Boston, at *8.71%, interest-tb-foH
0.543%; Waltham National-Bank* Hasletf Rural ' Agricultural School
1 low basis. Dated May 11, 1942 and
0.597%; Second National Bank of
ft ; District, Mich. v j
\ |
due Nov. 13,
1942. Other bids: Boston, 0.60%. '
f Bond; Sale—The issue of .$6,000
| Merchants National Bank of Bos.Coupon school bonds offered May
MICHIGAN
ton, 0.73%; First National Bank
O-r^v.. 155, p. 1796—was awarded
V: :V
; of Boston, 0.73%.;,:..
Bay City, Mich,
to a local investor.; Due July 1,
Norfolk County (P. O. Dedham),
Note Sale—The $83,000 general as follows: $1,000 in,1943 and 1944:
*
Mass.
\
V.'.-■'
obligation tax anticipation notes $1,500 in 1945 and 1946, and $1,Note Offering-Ralph D. Pet- offered May 11—vf 155; p.
-1796-f 000; inr 1947. The East Lansing
5
tingell, County Treasurer, will re¬ were sold to the Bay City National State .Bankj Of East Lansing, also
ceive sealed bids until 11 A.M. On Bank, and the Peoples Gommerr bid for the issue.
•>^
May 19 for the purchase of $265,- cial & Savings Bank, both of Bay
:v
Negaunee, Mich..
000
notes. Dated May 15, City,, jointly, at
interest rate
,
Feb,
>
'
.
the
bonds
dated
are
If the
ordinance had been up¬
1, 1942, and mature Feb. 1, held, the city
1955.
■
:
.
Chat field School District
collect
(P. O.
linquent
assessments for paving,
sidewalks, curbs and gutters and
Chatfield), Minn.
r. Bond Offering—Bids will be re¬
ceived until
council had con¬
similar ordinances to
at least $2,500,000 of de¬
templated
_
.
.
that
states
1883
similar improvements,
May 22, at 8 p.m., by
1
City officials said the negative
decision will add an average of
F^ Harnish, District Secretary,
for the purchase of $34,000 re¬
E.
funding bonds. Interest rate to be
specified by bidders. Dated June
1,1942; - Due on- Dec. 1; $3,000 in
1944 to 1953 and $4,000 in 1954.
Optional on and after June 1;
1947.
A certified check for $1,000
must accompany each bid.
:
r
$27 to the tax bill of each family
in the city over a period of years.
Mountain Iron, Minn.
Bonds Approved—It is reported
that the Village Council recently
voted
to
issue
$20,000 refunding
bonds.
^
>
,
.
Bond Sale
■
;
coupon
•'1942.
Denom.
Of
an
$1,000. ; Due ; May 1%%. This was the only bid fo# > Free of Bonded. Debt-^The last
15, as follows: $70,000 in 1943 arid the notes, which' are < dated • Ma^f oirtstanding bonds against the city
$65,000 from 1944 to 1946 inch 15,. 1942, and payable on or before which matured March 20, were
paid : in. {full leaving the f city
Bidder to name one rate of inter¬ Nov. 27, 1942. *
' % b ) >" i;v ^
•
est in
multiple of */4 of T%V
a
•
Prin. and int. (M-N 15) payable
at the First National Bank of Bos-
•
Without
Berrien County (P. O. St. Joseph)j
:-Af
'
will be valid
These .notes
ton.
of the county,
; general obligations
exempt from taxation in Massa¬
chusetts, and all taxable property
■
in
the
county will be subject to
unlimited ad valorem
taxes to pay ;both principal and
the levy of
n
;
'
interest.
der
They Will be issued un-
authority
; the
of
Acts
f-; under the
of Chapter 219 of
1941 and engraved
thenticated
to genuineness by
as
ton.
Bank of Bos-
•
•
;
-
This bank will further cer¬
of
Interest M-N.
i.
.
''i.::v-y.Dearborn, 'Mich. ■ >^.-\v.?>-•:7 j
Bond Sale -- The $3.7,650 2%
special assessment bonds offered
April 28—v. 155, ! p. 1643—^were
tify that the legality of this issue awarded to
Crouse & Co. of Det
has
been
approved by, Ropes,
troit, the only bidder, at a price
Gray, Best, Coolidge & Rugg, of of
100.013, a basis of about 1.995%;
Boston, and a copy of their opin- Bale consisted of:
ion wills be furnished the pur- $2,250 District No. 393 bonds. One
The original opinion and
complete transcript of legal pro-ceedings required in the proper
issuance
of
with
i filed
-
^
—
Grand
notice.
chaser.
:
Sale
Paine, Webber $
Rapids, purchased
on April
24 an issue of; $40,000
highway refunding bonds asv2%sj
i y4s, at a price of 100.123, a basis
of about < 2.50%. ; Dated May 1;
1942. i Due May. 1, 1947.^Optional
Nov. 1, 1942, at par and accrued
interest
on
90
days > published
supervision of and au¬
'The First National
'
Bond
Co.
notes- will
these
The
First
be
National
Bank of Boston, where they may
The notes will be
; delivered to the purchaser on or
about May 28, 1942, at The First
■j National Bank of Boston, 67 Milk
]i be inspected.
bond
?
for
each.
lows:
$250,
Due
others;
$500
March
1, as fol4
1943 and; $500
$250 in
f from 1944 to 1947 inch *•'$&;!
7,000 District No,. / 393 bondsi
>;
v
Denom. $1,000. 4 Due Sept..
as follows: $3,000 in
1942, and
l|
,
•
$4,000 in 1943.
3,900 District No. 394 bonds. One
bond for $300, others;: $900
~
Street, Boston, against payment in
each.
Due March 1, a? fol-f
.Boston funds.
\ ' /
lows; $300 in 1943, and $900
t■-,
Mi from 1944 to 1947 incl.
y V
Peabody, Mass.
11,000 District NO. 397 bonds.
j
Bonds Authorized — The City
Denoms. $1,000 and $500. Due
Council recently approved the is¬
;1;' March 1, as follows: $1,000
suance of $45,OOd bonds for W3PA
in 1943, and .$2,500 from 1944
purposes and a $40,000 street im"
,
•
•
to
■
;provement issue.
>
"
Randolph, Mass.
Note Sale—The Second National
•
Bank of Boston was awarded on
May 11 an issue of $50,000 notes
at 0.61% discount.
Due May 13,
1943.
Other bids: Merchants Na-
ftional, Bank
1947
13,500 District No. 399 bonds.
;, One bond for $500, Others $!,000 each.
Due March 1, as
follows: $1,500 in 1943, arid
$3,000 from 1944 to 1947 incl;
All of the bonds will be dated
March 1, 1942.
ft
v;^'
bonded
>a
debt
and
sewer
May
bonds
8—v.
—
ft/.
Richfield
The $10,000 storm
for sale on
p.
District
(P.
O.
Minneapolis), Minn.
offered
155,
School
Bonds Voted—At a recent elec¬
1643—were
tion
awarded to Piper, Jaffray &
Hopwood' of "Minneapolis, according
to the {Village Clerk.' Dated May
1, ,1942.
Due $1,000 from May 1,
1943 to 1952; optional on and after
May 1, 1947.
the voters
are
said
to
have
approved the issuance of $75,000
construction bonds, although steps
toward marketing them will hot
be taken until clearance has been
given to obtain required materials.
St.
a
Louis
Co.
Common
Sch.
Dist.
:
C
Litchfield, Minn.
|
No. 6 (P.< Q. Duluth), Minn.
Ca"sh:balahce of $155,000, accord¬
Certificate Sale Details—In con¬
Bond
ing: to report. ::■ • •<.i, w:;
•;; * .i:'
Offering—Bids
will be
nection with the sale of $184,I' With the money now on deposit
received until May 20, at 8 p.m.,
666.94
(not $184,000 ) 3% semiand funds to be received from the
by E. Henning, District Clerk, for
ann.
electric
light' and ; power
state from various sources, such as
the purchase of $10,000 funding
plant revenue certificates to the
bonds.
Interest rate is not to ex¬
liquor licenses and rebates, city Allison-Williams
Co., of Minne¬
ceed 5%.
officials expect to receive ap¬
Dated April 1, 1942.
apolis—v. 155, p. 1723—the fol¬
Due on July 1; $1,000 in 1944 to
proximately $100,000 and conduct
lowing information is now avail¬
city affairs: until the v next tax
able: Dated April 1,1942. Denoms. 1948, $2,500 in 1949, and $2,500
in 1950.
A certified check for
money is received in December
$1,000 and $500, one for $666.94;
2 % is required with bid.
without borrowing.
Due $1,500 monthly Sept. 1, to
The
bonds retired March 20
Dec. 1, 1945; $1,500 monthly Jan.
Sleepy Eye, Minn.
were 60
in the amount of $500
1, to Nov. 1, and $2,000 Dec. 1,
Bond Sale—The $50,000 semieach and 30 in the amount of $1,1946; $1,500 January, $2,000 Feb¬ ann. city
hospital bonds offered
000, issued- to pay for construc¬
ruary, $1,500 March, $2,000 April, for sale at
public auction on May
tion and installation of extensions
$1,500 May, $2,000 June, $1,500 8—v.
155, p. 1723—were awarded
and improvements. of the main
July, $2,000 August, $1,500 Sep¬ to a group
composed of J. M. Dain
trunk line; sanitary sewer system,
tember, $2,000 October, $1,500 No¬ & Co., the C. S. Ashmun
Co., both
f: The bonds were dated October
vember, and $2,000 Dec. 1, 1947 of Minneapolis,, and
Park-Shaugh20, 1031, and were issued follow¬ to
1950, $1,500 Jan. 1, and $2,000 riessy & Co., of St.
Paul, as l3/4s,
ing a special election in Septem¬ monthly Feb.
1, tb Dec. 1, 1951,
paying a price of 101.90, a basis of
ber, 1931.*
'
$2,000 monthly Jan. 1, to Dec. 1, about 1.58%. Dated June
15, 1942.
1952 and 1953, and $2,000 Jan. 1,
Paris Township School District No.
Due in 1945 to 1961 incl.
and Feb. 1, and $666.94 March 1,
| ^ Kent County, Mich.
/ I
MISSISSIPPI
:■? Bond Call—Earl Wairing Dunn; 1954.; All certificates maturing on
or after April 1, 1947, are callable
District Treasurer, announces .the
Alcorn County (P. O. Corinth),
at the option of the village on
•'
call for redemption as of July 1,
MtSS.
said date and on any interest pay¬
1942, ..of->$4,000 3J/2%refunding
Bond Sale Details—The Clerk
ment date thereafter at par and
bonds; due July 1, 1970, Nos. M5, accrued interest.
Prin. and int, of the Chancery Court now reM36, M54 and M70. ; Bonds should
payable at the Village
Treas-!Ports that the $32,500 3% semibe presented for payment at the
urer's;office.
Issued to provide,ann. refunding bonds sold to the
Michigan; National Bank, Grand funds to
pay for enlarging, im- j JS. Love Co. of Jackson, as
Rapids.
^ s '
proving and extending the elec- noted here March 2, were purtric light and powier plant owned j chased at a price of 101.36.
ft ft
y psilanti, Mich.
«
'
Due
Bond Offering—H. C. Holmes, and operated by the village. Prin. j on Jan. 1 in 1943 to 1958.
and tat. payable from the revGity " Clerk, will receive sealed
Oktibbeha Co.
SuP.roi..r. Di,t.
bids, until 7:30 P.M. (War Time) enues derived from the operatiton
JTd. S (P. O. Starkville), Miss.
of the electric light and power
on
May 18 for • the purchase of
Bonds Sold—The Clerk of the
$11,500 not to exceed 2^% inter¬ plant \i and distributing ; system, Chancery Court states that
$6,500
after, payment of necessary and
est
coupon
special { assessment
3 y2 % semi-ann. refunding bonds
legitimate operating expenses.
paving bonds.
have been purchased by M. A.
These certificates are subject to
f Dated' June 1, 1942.
Denoms.
Saunders & Co. of Memphis, at a
$i;000 -and $250.
Due $1,250 in only $60,000 of certificates which
Dated Sept. 1,
mature $15,000 per year, the last price of 102.557.
1043; $1,000 in 1944, $1,250 in 1945,
1941.
'ft■■■
!
of said certificates maturing
in
$1,000 in 1946, $1,250 in 1947 and
August, 1945. Legality approved
1948, $1,000; in 1949, $1,250 in
MISSOURI:{
1950, $1,000 in 1951 arid $1,250 in by Kyle & Kyle of St. Paul. *
Moline Sch. Diet. No. 19 (P. O.
1952. - Rate of interest to be in a
;
Minneapolis, Minn.
Clayton), Mo.
'■
multiple of V4 of 1%.
Prin. and
High Court Holds "Connection
Irit.v" (J-D );•' payable at • the City Charges'* Unlawful — The Min¬
Bonds Sold
We understand
v
,
,
,
'
_
Boston, / 0.63 %;
Dearborn Town ship School District
Home National Bank of Brockton,
y No. 7,\ Wayne-County, -Mich. :ri
Bond Call—Roy D. Renton,-Dis¬
•:
trict Secretary,4 announces the call
Taunton, Mass. ...
.
Note Sale—The issue of $300,000 for redemption on J[uly 15, 1942, Treasurer's office.
Issued for the
Of
refunding bonds, - series !>, purpose {of financing for curb and
notes offered May 12 was awarded
to the First National Bank of Bos-* 4*/4%, dated July 15,y 1935; due gutter >improvements" in the city,
Jan. 15, 1955, Nos. 44 to 83 incl. i in
special, assessment
districts
ton, at 0.567% discount.
Dated
;Ji;
-".iVi 'i'i' •»'.'!i ' i .-v'-w'.' if"v -•> I'-" »v»;!
May 13,- 1942 and due Dec. 17,
Nosv 41; ;42 and 43.
The bonds
Detroit, Mich,
''ft.<1942.
Other bids: First Boston V Self-Insurance
shall; be awarded to the bidder
Fund
Self-inJ
whose bid produces the lowest
Corp., 0.59%; Bristol County Trust surance on its municipal
properi
Co., Taunton, 0.60%; Leavitt & ties, adopted by Detroit in" May, interest cost to the city after de¬
1940, saved the city $70,000 .the ducting "the premium offered, if
Interest on premium shall
first 18 months of operation; it any.
Wakefield, Mass.
UOt .be{cpnsidered as. deductible in
was
recently ; reported
the
r
Bond
Offering — Sealed: bids
determining the net interest cost.
American Municipal
Association; No
will be received by John I. Presproposal for less than all of
Under the self-insurance plan,5 the
.ton, Town Treasurer* c/o Second
city set up an initial fund totaling the " bonds, will be considered:
;National Bank of
Boston, 111
Bids: shall be conditioned upon the
slightly more than $100,000; Dur-i
Franklin St, Boston, until noon
ing the 18-month- period-, $4,504.08 Opinion of the purchaser's attor-;
,<DST) on May 18 for the pur¬
oey,T;approying legality of the
was paid out of the fund :for fire
chase of $45,000 coupon water
The successful bidder to
losses suffered by the city: street bonds.
: loan
bonds. Dated May 1, 1942.
railway and the electric commis¬ pay the cost of legal opinion and
Denom. $ 1,000.
Due May 1, as fol¬
of printing, the bonds.
Enclose a
lows: $5,000 from 1943 to 1950 sion, and damages to an? electric
motor owned by the lighting com-; certified check for 2% of the total
incl.; $3*000 in 1951 and $2,000
par value of the bonds; :
1
of
posston, Minn.
-
—
•
.
.
•
»
-
••
—
■
•
"in 1952.
Bidder to
of interest in
,
1%.
at
name one
rate
multiple of Va of
Prin. and int (M-N) payable
the
Boston.
a
Second
National Bank of
Legal opinion of Ropes,
mission.
The balance in the
fund;
as reserve
for future losses;
An insurance fund for munici-
Financial
Callender, Burke & MacDonald, of Kansas City, has pur¬
chased
$7,500
1%%
semi-ann.
school bonds. Dated May 1, 1942.
Legality approved by Charles &
$3,000,000 today under a
Supreme
Court de¬ Trauernicht of St. Louis.
V.a. v
4 '
'
''" "
v
The high court held unlawful a
Minnesota
cision.
,
Minneapolis ordinance requiring
purchasers of tax-forfeited real
estate to pay "connection charges'!
for. sewer and water service equal
to delinquent sewer and water as¬
sessments against the property.
The decision upheld a ruling
made by District. Judge Mathias
Baldwin
brought
last 'summer
in
a
suit
;
■P'fi"{MONTANA;;
L
Shelby, Mont.
Bonds
Sold—It
is
stated
by
Benjamin Zell, City Clerk, that
bonds, aggregating $34,330, auth¬
orized at
and
an
divided
election
on
Feb. 28,
follows:,
$24,330
refunding, $5,000 fire hall, and
$5,000 airport bonds, were sold to
as
the State Board of Land Commis¬
against the city
by, Mr; sioners recently.
and Mrs. Kenneth C. Fortman,
NEBRASKA
purchasers of a tax-forfeited lot
at 3327 Benjamin Street NE.
i
Lincoln, Neb.
Under the Supreme Court rul¬
ing, the city must return $40,000 \ Flood Causes Heavy Property
MINNESOTA
f of "connection fees" collected un¬ Damage <— An Associated Press
der the protest from 400 purchas¬ dispatch from Lincoln on May 11
ft Aitkin County (P. O. Aitkin),
-■'.fc:1...
Minn.
'
ers of lots at tax sales.
reported as follows: The rampant
Bond ' Sale Details—In connec¬
Directly involved in the deci¬ waters of Salt Creek, ordinarily
sion is. some $500,000 of sewer and a docile little stream which edges
tion- with the sale of $57,685 3%;
funding "bonds- to the State—v. water assessments against for¬ the west and south of Nebraska's
£■■■.
,
pal self-insurance, usually Is es-r
Gray, Best, Coolidge & Rugg of
tablished
by - the ' city " council
suc¬
through payment of the regular
cessful bidder.
premium charge into the fund or 155,
Boston will be furnished the
ated at
that
.
following payment of - a public
lighting inspector's salary,; was set
aside
neapolis "Journal", of May 1 car¬
ried the following report:
City of Minneapolis lost a po¬
tential source of revenue estim¬
p.
1723—the County Auditor
feited property.
capital
city,
receded
slowly
to-
(Reg. U. S. Patent Office) William B/ Daiia' Cornp&xiy, Publishers, 25 - Spruce Street. New York, BEekman 3-3341. - Herbert D. Seibert, Editor and Publisher.
William Dana Seibert, President; William D. Riggs, Business-Manager.- Published -twice a week (every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
offices: Chicago—In charge of Fred H. Gray, Western Representative, Field1 Building (Telephone- State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1942 by William
B. Dana Company. Reentered as second-class matter February 25, 1942; at the post" office at New York, N. Y„ under the Act of March 3, 1879.Subscriptions in United States and Possessions,
$26.00 per year; in E>ominion of Canada, $27.50 per year: South and Central -America,* Spain,. Mexico and Cuba, $29.50 pet year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year.:* NOTE; Oh account Of the iluctuations ln. the 'rates of exchange, remittances for-foreign subscriptions and advertisements must; be made in New York-funds.'
Commercial
and
Chronicle
'
COMMERCIAL & FINANCIAL
THE
1884
the net income of the District was
wake were 300
homeless families and thousands greater, than in 1940 .due. .chiefly
to increased activity in the. stor*
of
dollars
worth >■ of property
damage.'
•
, : age facilities of the Terminal..
In, their
night,
.
<
>
roared
in on a crest of water which
caught lowland residents by sur¬
j
Because.
,,
-
Denom.
h:.Carteret, N.
J.
<
Proposed Bond Issue—An
authorizing am
#
,
;
maming
ordU
194L. The
follows:
$237,000
Dec. 15 in 1950
able
in
inverse
as
lative
bill removing; the
session.
York
:
/
Bills
Signed
(State of) .
l: .
Easing Auto: Re- *
sponsibility Law—Governor Leh-"
man
-
signed two bills on. May J 9
The measure, howf
of the reQuirements
S?me
of the motor-vehicle financial re-
•
died in /committee. ^ City
paid a total of $37,380.47 in debt sponsibility law.-'//"-'^';'-'' :v
Hereafter * a motorist's dicenie
service charges on May 1 and debt
ever,
3s, due . on
to 1956.
a
present debt-incurring prohibition
was introduced at the recent legis¬
bonds iare divided as
$238,000 as 2%s,; due on
Dec. 15 in 1943 to 1950; the re;
nance
of this; fact,; and: other
according V. to " / maturity.
$1,000.- Dated Decjim circumstances,
j
,
The "flash" flood, which
f
2.75 %
Monday, May 18, 194z.
CHRONICLE
Redeem!
;
^
-
.numerical order?
current;,year will' not be suspended because bf V
will amount to $67,000, according an ' accident if he posts a bond
the
damare
to report, v®: V
/■• ,/*: '
\ covering otherestimate-of the acti- '
or if all
parties to
"/ •'
Milton, N. Y.
■
!;
retirement
the
for
-
days'/ published notice'
11908 and some
on and after June 15, 1943.
Prim
•
it was the worst in the city's his¬
and int. (J-D.15) payable at the
according
to August J. Perry;
tory. '
"V; • ■ \v/" ' Borough Clerk.
U. S. National Bank of Denver1
/I
More than 20 square miles of
Colo. Legal opinion of Myles p'
Proposed
Bond
Issue ry .The hfmVre re/Sif hum from resPonst- y*
Hasbrouck Heights, N. /•
urban i and "suburban
territory
-.J
held
Tallmadge, .Denver.»
v.
.
f Town Board recently considered responsiblehe, has not been wit'ifor the accident
'were
inundated.
Also stricken
Bond
Issuance
Indefinite—
(The report on the original sale a
proposal to issue $10,000 bonds in a year, he need-not provide
were
communities south of Lin¬ Joseph P. Breeze, Borough Clerk, of these bonds appeared in these
for the purchase of an airport site.
coln, where damage ran into ad¬ reports that sale of $16,200 3% columns last December.) ■ .: < ]
£l?ersecond bill responsibility •*•a • :
^lnanciai provides that
The
ditional thousands of dollars.
!!1 Mount
ernon, N. Y.
I
improvement bonds to the Sink¬
Bond
Sale Details—The, City
license will not be suspended be,/ Persons
were
rescued from ing Fund Commission, is contin-r Clerk reports that the $19,200 air¬
Offering
Of
Sinking
Fund cause of an accident unless some
trees
and housetops.
Torrential gent upon the ability of the bor¬
Lynn,
City individual suffered damage of
port site bonds sold to the State Holdings — John
cloudbursts which loosed upward ough to secure materials needed
Treasurer as 2%s—v. 155/p. 1797 Comptroller, will receive informal more than
$25.
Formerly sus¬
of six inches of water caused the for the work contemplated.?
'
—were
purchased at par, are proposals until 2 p.m. (EWT) on
pension was required if the total
flood.'
;
Hillside Township (P. O. Hills- dated June 1,-1942, and mature May 19 for the purchase of $331,j damage exceeded $25.
Both bills
»
Minor
flood
conditions and
side), N. J.
iinT19,43 to 1960, and $1,200 000 coupon or registered J bonds,
threats
of floods
persisted.in
m 1961.
Interest payable J-D. : j held by the City Sinking Funds
by Assemblyman
Floyd E. Anderson, co-author of
other
southeastern
Nebraska / Note Issue Details—The $29,863
and described as follows: *:: *• '
. - .
«
r ,
the-original bill. ' '
2% bond Anticipation notes sold
NEW YORK
areas.
:v ..<'''■• ;/
$91,000 3% public works projects
to the Hillside National Bank and
bonds.
Dated June 1, 19401 c,^e Brees Bill relieving the
Albany, N. Y.
btate and municipalities of makNEW HAMPSHIRE
the township police and firemen s
v® Due $13,000 on June 1 from
Tax Receipts—City tax collect
1"g
Manchester, N. H.
^ pension fund, as reported in v.
/up
difference between
1943
to 4949-incl.
June 1,
civil and military pay to employ155, p. 1267, are dated March 12, tions for the first four months of
/ ;- ,.1942, and subsequent coupons
Proposed
Bond
Issue — The
ees who were drafted was signed
"
1942, and mature March 12, 1943. / 1942 .V totaled ? $6,214,228.81, A or
•:•■
attached.
Board of Aldermen recently con¬
by the Governor.
He signed the *
103.91% of municipal budget re!
Trenton, N. J.
sidered a resolution authorizing
54,000 3% home relief ^ bonds/
Note Sale—The Trenton Trust quirements for the- year. * April
Dated May 1, 1939.
Due May ^or/nnn01? blU aPPr°Priating $1an issue of $250,000
general im¬
52°'000 to provide $100 increases
collections totaled $149,997.83. {
Co., Trenton, purchased on May
/:•!/1, as follows:, $7,000 in 1943 for State institution employees re¬
provement bonds, i to be dated
The city budget for 1942 is $5.4
11 an issue of $138,000 street im¬
j, and 1944 and $8,000 from 1945
July 1, 1942/and mature at the
ceiving $1,500 or less.
980,162.88, but the total levy, in!
rate of $25,000 annually. ;
./ / provement bond anticipation notes eluding city, county and State I;/;/, to .1949 incl. Nov.! 1, 1942,
The Governor also vetoed the
at 0.248%
interest rate.
Dated
/ / and subsequent coupons attaxes is $8,459,489.19.
■"v NEW JERSEY®
May 12, 1942, and due Aug. 15,
tached.
vxn!v j?e s Mountain Commission
authorizing the
®. ; Whiteface
Collections last month ran $18 1942.
Other bids: Broad Street
'J®// Bellmawr, N. J.
V/ National Bank, Trenton, 0.40%-; 000 ahead of those for April, 194P 90,000 3% home- relief bonds. to.issue $1,350,000. in bonds for
Dated June 1, 1940. Due $15,r
construction of ski trails after the
Bond Sale—The $45,000 coupon
Trenton Banking
Co., Trenton, City Treasurer Frank J. O'Brien
000 on June 1 from 1945 to
war
The financing of the project
announced. 'Y'.r-r
/ , •'/"! v.,v
sewer
bonds offered May 7—v.
0.50%.
1950 incl. ? June 1, 1942, and
-r/®
should await the end of the war
.155, p. 1723 — were sold to the
Albany County (P. O. Albany )U
subsequent coupons attached. Governor Lehman said.
Federal Works Agency, the only Union Beach (P. O. Keyport), N.J.
N. Y.
'
;
I
42,000 3% home relief bonds.
Refunding
Bonds Approved—
bidder, as 3s, at par. Dated March
Dated May 1,1941.
Due $21,Bonds Authorized—The Board
The
State
NJ /* ACity Sales Taxes Ex¬
Funding Commission
tended—Also signed by the Gov- "
■1, 1942, and due $1,500 on March 1
000 on May 1 in 1946 and 1947.
has approved $623,000 3V2% fund¬ of Supervisors recently approved
from 1943 to 1972 incl.
ernor
on
May 11 was a bill to
the issuance of the following bond /;/ Nov. 1, 1942, and subsequent
ing and refunding bonds to care
continue
New
York-City sales
Camden, N. J.
' for the
coupons attached. ~ v ;
/
$500,000
tax
revenue.
borough's general and issues:
taxes
for
unemployment relief
Favored by Appropriation For
33,000 3% highway improvement
water debt/
The bonds will be $400,000 highway and bridge, and
South Jersey Port District—Ap¬
bonds.
Dated May 1,: 1939. purposes until July 1, 1943.
dated June 1, 1942, and mature $200,000 public works. ; //.
®
Post-War Crossing Projects ApDue $3,000 on May 1 from
proval by Governor Charles Edi¬ Dec. 1, as follows: $15,000 in 1943
Amagansett Fire District (P. O."i
son of a bill carrying an
appro¬ and
// 1946 to 1956 incl.
Nov. 1, proved-The State is pressing its
1944, $16,000 in 1945 and 1946
Amagansett), East Hampton, -j.
priation of $100,000 for the South $17,000 in 1947 and 1948, $18,000
1942, and subsequent coupons efforts to 'cushion" an expected
•*'
v'
;■/ N. Y.
Jersey Port District for 1942 is in 1949 and 1950, $19,000 in 1951,
post-war employment slump by
Bond Sale—An issue of $17,000 r,21,000
expected to relieve the City of
2.80%
school / library appropriating $500,000 to draft!
$20,000 in 1952 and 1953, $21,000
Camden of almost all of its finanland purchase
and construction
bonds.
Dated Feb./I, 1937/ pians r for
removal of railroad
in 1954 and 1955, $22,000 in 1956
cial burden incident to the opera-*
bonds was sold May 2 to C
El
Due
$7,000 on Feb. 1 from grade crossings. Although actual
$23,000 in 1957, $24,000 in 1958
■tions of the district, according to
Weinig, White & Co. of Buffalo
i960
to 1962 incl.
Aug. 1, eliminations have been delayed
and 1959, $25,000 in 1960, $26,000
!
report. The measure, it was said, in 1961 and 1962, $28,000 in 1963 as 2.70s, at a price of 100.05, a'
1942, and subsequent coupons for the war s duration, a measure
was passed by the State Legisla¬
basis of about 2.69%,
Dated Mav
attached. • ; ■;/Vf:■"?;/
approved by Governor Lehman
and 1964, $29,000. in 1965 to 1969,
/■
ture in recognition of the fact
on May
12 authorizes immediate
1942. •Denom.
$1,000.
Due
and $19,000 in 1970.
All of the bonds in denoms. of
i 2,
that while the seven counties com¬
$1,000 on May 2 from 1943 to
preparation of plans by the State
$1,000. Prin. and int. payable at
NEW MEXICO
1959 incl.
Priri, and int. payable
prising the district (Cape May, :
®',/
the City Comptroller's office. Gen¬ Department of Public Works and
at the Osborne Trust Co., East
Mercer, Gloucester, Salem, Cum¬
locaF grade crossing commissions
/
eral obligations of the city, pay¬
Albuquerque, N. Mex.
berland, Burlington and Camden)
Hampton. : ,Voters of the district able from unlimited ad valorem which function in Syracuse and
Bond Offering Details—In con¬
.derive benefits from the district,
v ,> ,/.■ - ,, ? "
'....
../
approved the issue at an electior taxes upon all! of the taxable Buffalo.
nection with the offering sched¬
the bulk of the attendant finan¬
on Dec. 2, 1941./ The bonds will
The new statute is keyed to a
uled for May 19 of the various
property in the city. Bidders are
constitute valid and legally bind¬
State policy of completing all pos¬
requested to submit their offers
cial burden was borne by the issues of bonds aggregating $505,5 pity of Camden.
In a memoran¬ 000—v.
ing obligations of the district, and to purchase the bonds on all-or- sible preliminaries to a vast pub¬
155, p. 1644—it is stated
dum prepared by B. J. Van Ingen by Charles E. Weils/City Man¬ all taxable property therein will none basis, naming av price for lic construction program designed
& Co., Inc., New York, the rela¬
be subject to: levy of unlimited
to absorb after-the-war jobless.
each separate issue, and will be
ager, that the last paragraph in
tionship of the district and the
ad valorem taxes in order to pro!
A special State fund has been
the official offering notice stated:
obligated to pay accrued interest
vide for principal and interest
city was outlined as follows:
established to finance the plan¬
on the bonds to the date of de¬
"and, if the successful bidder shall
"The South Jersey Port District fail or
requirements. .® «••«■;:;®//,j. livery.
Purchaser must take up ning of such projects, other than
neglect to complete the
4 72%
Camden Marine Terminal
in crossing, highway and housing
Buffalo, N. Y.
■
j bonds within one week after the
purchase of said bonds within
Bonds, series 'A',, of which $1,600,work.
The fund, for which vari¬
Informal bids are
Assessed
Valuation
Higher— date of sale.
thirty (30) days following the ac¬
000 are outstanding, are secured
ous non-recurring revenue sources
assessed desired on forms provided. Legal¬
ceptance of said bid, the amount The official „1942-1943
-by an agreement dated June 6,
have
been tapped, was further
of his deposit shall be forfeited valuation of taxable properties is ity of the bonds has been ap¬
1928, between the Port District
augmented today by Lehman's ap¬
to said City of Albuquerque."
{ $909,868,130, an increase over last proved by Caldwell & Raymond
and the City of Camden, N. J., the
proval of two other bills.
/
The
city hereby waives this year of about $5,000,000, reports of New York City, whose approv¬
city being obligated to include in
Comptroller
Frank M. ing opinion will be furnished the ; One steers into the pool un¬
provision and the city will not City
its annual budget and raise by
claimed court deposits now in the
V.
I successful bidder without charge.
require the purchaser to accept Davis. '
taxation the amount called for by
States escheat fund.
The other
A certified check for 2% of the
delivery prior to the date of the
such agreement, which payments
Cheektowaga, N. Y.
brings to the planning reserve the
bonds. The effect of this waiver
par value of the bonds bid for*
have been made as required. This
Bonds Authorized — The Town
interest on half of certain mortwill be to extend the time for
payable "to order of the City
gage-recording tax revenue in
an^al Payment is now $190,000. taking up the bonds to July 1, Board recently: voted to issue Comptroller, is required.
New York City.
The principal,
$100,000 bonds to cover, the local
.The Port District is also obli¬ 1942.
//®.y; share of a $150,000 drainage sewer
/
New York, N. Y.
/ part of the State share of the tax
gated by this agreement to make
Definitive Bonds Ready For De¬ has been kept on deposit with the
returns annually to the city from
Carrizozo, New Mex.
program, for which the Federal
Bond
Call
All
outstanding Works Agency has approved a livery—Announcement was made New
surplus funds in the hands of the
^York City Chamberlain
Port
Commission which are not water bonds, Nos: 1 to 10, 12 to $50,000 grant. /''/':
last week that definitive bonds of against the State's portion of cost
"
/ ,
the/issue of $32,000,000 2V2% in removal of city grade crossings.
necessary to pay or provide for 17, 44, and 47 to 50 series of June
Cohoes. N. Y.
;
r
•
the payment of its indebtedness 1, 1922/ are called for payment
serial bonds,' dated Jan. 15, 1942,
The Governor also approved, as
Debt
Incurrence
Legislation
and the setting apart of moneys on June 1, at the Citizens State
due 1943 to 1972 incl., and $18,new statutes, increased
to 785 a
Tabled—The recent session of the
therefor and to pay or provide Bank of Vaughn, in Carrizozo.
000,000 2V4% assessment bonds, measure exempting from the 2%
State Legislature failed to take
for the payment of all amounts
dated Jan. 15, 1942, due 1943 to
State
tax
on
New Mexico (State of)
gross
income of
action on a bill which would have
needed
for
1952 incl. will be ready on and
operation,
repairs
utihhes any company ■ with less
Bond Sale Details—The Dep¬ rescinded
a
previous
measure
after Monday, May 18, 1942, at the
maintenance,
replacements,
re¬
than a $500 gross earning for the
uty State Treasurer reports that enacted in 1929 under which the
serves for said purposes
office
of the
City Comptroller
and for
the
year ended May 31.
$600,000 State highway de¬ city is restrained from issuing
improvements and extensions re¬ bentures sold to the State Treas¬
(Stock and Bond Division) Room
new bonds for any purpose with¬
Another
Post-War
Bill
Apquired for the highest efficiency urer—v.
830,
Municipal Building, New
155, p. 1797—were pur¬ out the unanimous consent of the
proved—The Governor has ap¬
York City. Temporary bonds will
of the Camden Marine Terminals.
chased as 2%s, at par, are dated Common Council and the State
proved the Moffat Bill as Chapter
•In 1941 the District returned to
be received for exchange daily
Feb. 1, 1942, and mature as fol¬ Legislature..
This measure was at that office between 9:30 a.m. 701 Laws of 1942, adding new
the city $76,259.81 and in 1940
lows:
$100,000 on Aug. 1, 1950, passed as a result of an audit by
Section 92 to the State Finance
and 2:30 p.m.
Exchanges must be
$76,395.76. During the first three
State
Comptroller's office
$250,000 on Aug. 1, 1955, and the
months of 1942 the District has
made by the bondholder or his Law, to provide that condemna¬
which disclosed that the munici¬
$250,000 on Feb. 1, 1956.
tion award payable by a city and
agent at the Comptroller's office.
unclaimed for five years shall be
pality had exceeded its legal debt
^U™e!t0 the than $13,517.51 or
city in the same
Tucumcari; N. Mex.
Definitive
bonds
will not be
$11,007.70 more
limit by approximately $500,000.
deemed abandoned, the city to file
Bonds Offered for Investment—
mailed by the Comptroller. Tem¬
period of 1941."
Marked improvement has been ef¬
with the State Comptroller a re¬
A $475,000 issue of 2%% and 3%
porary
bonds when presented
+uT°mal car&oesamounted through electric light and power rev. ref. fected in the city's financial con¬ should be endorsed by a rubber port of all abandoned awards; 30
shipped to 275the Terminals
dition in the intervening years,
days thereafter the city must pub¬
266 net tons in 1940 and 248,670 bonds is being offered by Brown,
stamp or otherwise with the name
however, with the result that the
lish notice of such awards; and
net tons in 1939.
Due to the war
Schlessman, Owen & Co. of Den¬
of the bank, firm or corporation
prior to July 1 next preceding it
ver,
for public subscription at city now enjoys a legal borrow¬
?ni?pi?g fel1 off quite sharply in prices to -yield from 1.00% to ing capacity in excess of $400,000. making, presentation for exchange.
1941, dropping to 171,543 tons, but
worst since
early settlers said
prise, was called , the
$21,000 fire equipment bonds Will
receive final reading on May 20-,
upon
30
_
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FlnrvHSF0nfraed
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Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
WS
t/
Tenders will be received, and
Comptroller
| * The report of the County Gov¬ Dated June 1, 1942.: Denom. $1,awards,t except, those', for which opened, at: noon on May; 25.': All ernment Advisory. Commission to 000. Due Oct. 1, as follows:, $97,claims have X been filed, .* Comp¬ tenders must be considered firm the:Governor and«to the General 000 from 1943 to 1946
incl., and
troller to pay:-into the post-war for''five* days following date of Assembly of 1931
coupled with $96,000 from 1947- to 1952 incl.
planning and capital reserve fund opening, unless specified* in the incidents ;of 4 maladministration Bidder may name a different rate
all; moneys in excess of $75*000 •ierideKr.rV-{'<■'■* i
brought to public attention re¬ of interest, provided that • frac¬
which shall f constitute a. special
vealed the obvious need of more tional rates
are
expressed in a
Buncombe County, " (Pi O.
redemption fund.::
■ ft ;/
rstringent laws and a State control multiple of % of 1%. *Prin. and
rv_
:
yille), AT. C. •
over
local
int.
mil to Aid N. Y, C; to Finish
government finance.
(A-O) payable at office of
Bond Tenders Invited
It, is Many counties, cities and towns the Director of Finance.
Water Project Signed—Governor
The
stated by. Curtis,Bynurn, Secretary
had^ been
bonds to be refunded mature in
Lehman signed on April 18 a bill
operating largely-on
lo the Sinking Fund Commission¬ borrowed
money. Bonds were be¬ 1942: Bonds will be registered as
enabling New-York City to pro¬
cure or contract for without
Huge to principal only, or may be ex¬
pub¬ ers, ; that. pursuant to the: prpvi- ing r extravagently issued.
respective * bond local government debt was accu¬ changed for
lic bidding during the war emer- ,sions r: o.t, '-the
registered bonds. Bids
,orders and ordinances authorizing mulating without* ample regard to be for all or none. No other
gencv any equipment or materials
their, issuance, tenders will be re¬ ifor ability to
payit off/Default bids will be accepted.: Bonds will
v'ftft necessary for the- completion of ceived -by the Sinking. Fund Com¬
Jn payment of principal and inter¬ be furnished by the city and de¬
the Delaware Aqueduct and apmission ..until May- 29 at. noon, est was
to
the
becoming a -common oc¬ livered
purchaser
at
ft/ft purtenant structures. —ftftftft/i
for purchase '.by
the respective currence.'^
**
s *1
a
Akron/ Bids to be made subject
j- ,j' ■'
-ft.
Mayor F. H. LaGuardia, urging sinking funds, in the name of and
j The General Assembly of 1931 to approval of the bidder's attor¬
■:
executive approval of the meas- on behalf of the
issuing. units of
therefore passed what -is known ney as to legality of the issue
ftr/ft Ure, told" Mr. Lehman in a letter the following bonds, all dated as
and the approving opinion to be
the
Local
••V'
Government
that the city's expenditures and
Act
creating the- Local: - Government paid for by the, purchaser. A cer¬
ftobligations to date on the first
! Buncombe County; refunding;; «- Commission, which <
tified check for 2% of the amount
superseded
■ft/ft stage of. the Delaware water supbid for, payable to order of the
the County Government
V
ply project total about $197,000,- j "Buncombe County Series 2 re¬
Advisory
Director of Finance, is required.
funding.
v!v;;yftft,r Commission,; and by that act
000, and that the aqueduct is 09%
shall pay to the State
each.
to
■'ft/
ft:ft! Mr./ LaGuardia informed' the
— ft! Governor further1 thatft"ih order
— to make this huge investment
44:. yield the sorely needed addition
-ft.ft to. the city's water supply, it is
V
necessary
to obtain and install'
less
than? $3,000,000
worth
of
highly specialized/equipment inft
volving the procurement, casting
and machining of metals and?alloys most urgently needed in the
war production
program."
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has
.
v
tain
.....
the
k necessary .-v. equipment
a
-
o|
(A-O);
of the bid is
in
v.
//"
Election—-At
June
sider
(P. O.
Wincsburg), Ohio (/
:
Bond
on
ft
155, p. 1798.) "ft!
Paint Rural School District
! Cincinnati, Ohio
v"
!
int.
15
voters
the
proposal
a
to
will
issue
:
construction" bonds."
*
f
/
election
an
ft
con¬
$8,000
'
:
local
South
Amherst
O.
(P.
Amherst),
Ohio
j' Bond Sale—The $1,000 park and.
awarded :to
were
local
investors;
3V4S, at par. - Dated May 1,:
1942, and due $100 on Oct. 1 from;
1942 to
1951
incl.
Second high
as
bid of
100.70 for 6s
was
made by :
J. A. White & Co. of Cincinnati.
ftftft:/ OKLAHOMA
////'k;/'..
Bond
;•/ ft
*
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Sale—The
power to act as the commission
itself but : the
commission
may
override
follows:
com¬
mittee
same
is
clothed
with
the
4
r
Columbus, Ohio
4 4
states
Bonds Sold—The
•
Board
ury
were
\
Ada, Okla.
City
Clerk
$42,000 semi-ann. re-;
$106,000 bonds
funding bonds offered for sale on:
recently purchased by the Treas¬
May 12, were awarded to R. J.
Investment
of Revenue. C The executive
*
playground / improvement bonds •
May 9—v. 155, p. 1725,-
offered
*
trict refunding.
.4: ;
fully ftrecog- j Flat Creek Special School Tax¬
nized the importance and urgency ing District refunding. '
'
4?::
of the project and given it the |- Haw Creek Special School Tax
District refunding. 44 ::
highest possible preference rat¬
44,4, i-/:.;
ings, and that while such ratings [ Johnson
Special'; School :Tax
have, helped to: speed the work District refunding, 441; ;■ V -•:;i;
they have not made it possible for j : Oak Hill-Jupiter Special School
the Board of Water Supply to ob~ Taxing District - refunding. 4:44 4
Z/.r
of
•
.—.'ft He said, however, the War Pro¬
,—ft
commission
power
and
tified check for 2%
-
•
Board
new
the
: City * of Asheville
general re- units Of government to contract | Sinking Fund Holdings Offered
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—G.; Andrews Espy, President,
funding.
V':;444,;:;4
debt.. ; By law the Local Govern¬
announces
that
the
Board
of
City of Asheville Series 2 re¬
ment. Commission is. a division of
Trustees of the city sinking fund
funding;
4:
K the- State Treasury department.
jwill receive sealed bids until noon
i
City of Asheville Series 2 fund¬ Its
personnel, consists of nine on
May 26 for the purchase of
ing. ->
■ {•'4"':;
members, four of which are exapproximately
$2,616,0004 city
f. Asheville Local Tax School Dis¬ officio and comprise the execu¬ bonds held in the
investment ac¬
trict refunding.
'
; 44ft-V'
tive committee.
The remaining
count of the sinking fund. Blank
|' Barnardsville ^ Public 4 School five members are
appointed by forms for
bids, list and descrip¬
District, refunding.: 4
I:; 4 ' * Governor to hold office during his
tion of bonds to be offered for
Beech Special School Tax Dis¬
pleasure.; The ex-officio members
sale, ; and information ; regarding
trict refunding.: ■
are
the State Treasurer, who is
the conditions of sale may be ob¬
j ; Black Mountain Special School Chairman of the
Commission, the tained from Arnold E.
Tax District refunding.
Majoewsky,
!''v4: ?'*..
Secretary
of
State,
the
State
!
Secretary.
Emma Special School Tax Dis¬
Auditor and State Commissioner
pletedft—ft—ft/——ftft—' ftftft'ft
duction
the
multiples
required. /The city is also offer¬
ing on May 25 two other bond
issues, details of which appeared-
.
over
in
„
lJuly'1^1936;^
in
of
Rate of interest
expressed
1%. Prin.
ing Fund Trustees. Issued to fund;
maturing notes. " Bonds will be
delivered
to • the
purchaser
at
Lorain.- A complete transcript of,
proceedings* to be; approved, by
Squire, ; Sanders & Dempsey of ;
Cleveland, will be furnished the
successful bidder.
Legal • opinion >
of said transcript to be paid for/
by the successful bidder. A cer¬
•
control,
be
V\
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Series J 2 vested,
15,/as follows:
and $2,000 from;
payable at office of the City Sink¬
-
4 that the thirty contracts covering
!
•ft. the entire job are about 80% com- U
Oct.
1943,
1944 to 1946 incl.
•
j Buncombe J'County;
——. excavated and 70%: lined and also 'funding!:, ,v VVv,4**:.
.Due
$2,160 in
..
.
that
as
Edwards, Inc., of Oklahoma City,;
.4 4. 4
1 '
" as
lV?s, paying a price of 100.006,/
may be made to the commission. $75,000 4% fire
department bonds, a basis of
about 1.498%, Due $6,The'executive committee meets r
Due Nov. 1, as follows: $7,000
000 in 1945 to 1951 incl.
at least once each
week, regularly [
from 1943 to 1947 incl./ and
on
// I/?*
Tuesdays, While the commis¬ [ 44 $8,000 from 1948 to 1952 incl.
Durant, Okla.
/
J Oakley. Special School Tax Dis¬ sion meets quarterly and at such j 25,000 v.4% police department
Bonds Approved — We under-;
trict refunding. ;4- 44ft
i-d other-times as may be necessary. 44 bonds. Due $5,000 on Nov.
stand that an election held on
j Reems Creek Township Special Under- the- lawf no county, city, 4
'"from 1943 to 1947 incl.
'.
May 5, resulted in favor of issu^ "
School Tax. District refunding. ;'
town or any, other unit of local ( 6,000 4% fense
erection: bonds. ing-$150;000 army air training ;
jSandy4 Much Specials School government may borrow money 4; 4 Due
$1,000 on Nov. 1 from school bonds.
ft?'./ft
Taxing District refunding. ^ ; >vj*. and issue Its bonds or notes there¬
1
'
Moor eland, Okla.
<
^
j" -Valley Spring ;' Special .School for without approval of the com•
Bond Sale—The $11,000 hospital
inission which is,charged with ex¬ ,v,'■ 4.: Coshocton, Ohio .4. • ;
|TaxinglDistrict-refUnding.?;-,'A
I M W-eavervHle' Public -School Dis^ amining Into"the<;expediency, ne¬
| Bond Sale—The $33,511.04 cou¬ bonds offered for sale on May 114 '
ftrict refunding:;4''4^4i'':'''^"Ai^^4
cessity, i the
adequacy
of
the pon street improvement bonds of¬ —v./155/ip. 1798—were -awarded >
J uWoodfin- Special-- School - Tax
jamOutit Of ahd the ability of the fered ' May: 6—v; 155, p.V 1645— to C. Edgar Honnold of Oklahoma :
District refunding; j UhR' tb - pay4 the* proposed bonds were "awarded; to Halsey, Stuart City,/at ra- net interest* cost of -;
& Co., Inc., as l^s, at a price of 3,13%,. according
to/-the -Town
j b Beaverdam Water & Sewer Dis- br'noteS,:
4 • r;. 4 4'44 4:44; •
triet refunding. 4'4 ;? ^
' ?
1 The Commission scarcely had 100.81, a I basis * of about 1.36%. Clerk, Due, $1,000 on. July ;1, in its; action
and
appeal
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•/•, ...through the customary procedure
— v -/ of
public! -bidding;- and^.thereforq
— enactment; of the bill was-neces-
,
,The bill was sponsored by
—— sary,
r.
>
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Senator Frederic R. Coudert, Jr.,
ftManhattan Republican.— * —?
■
ft i■rft. Nofe. Sale—The issuel "of* $350/-
ft— OOOtax 'anticipation notes of .1941
ft——offered May.. 13.
was awarded to
I — the First National* Bank of New
•.
-
.
|
1943 to >1948 incl.
4 i York, —at',: 0.47% v. interest, rate.
444 Dated. May* 15;. 19.42? -and- due Jan.* j J Caney Valley >Sanltary4 Sewer begifn tb
r
ft:—ft15r 1943. ^ Legality, approved by
—. ftv Caldwell,; Marshall ^Trimble and
>
*
?■
bids.*
■*
^*
•
.Chemical
.
"
/: **
Bidder—,———."—— ft—-
..
>*?,,-
National
I
| .South
1'":
First
National
..
.
Local
.
Boston
banks
>.
of
Boston fand -f ' r-t ,
jointly..,—0.838
.>..V; i. i.,*,-i—
.-0,65
Bank
.,
Westchester County (P. O.
-
;.:4 •
Art"
•.
Corp.,
White
:>■ pi^ns),
.
Buncombe:
Water- &
Watershed District refunding, -V
.
ft//- First
ering
and
1942
capital ex^
penditures, and $300,000 in other
1941
000
in
-
and
1950;
$4,000
as
1933,
62
made
the pay¬
'
;
in
this 'respect
the
over
A.
ers
an
White
&
Co.
\vv:4 '• / '• •"
of
''''
•,
X
Sold—The
Teach¬
State
Retirement System purchased
issue of $8,000 4% special as¬
sessment
bonds, maturing Nov. 1,
as
follows: • $1,800 in
1943, and
$1,600 from 1944 to 1947 incl. v
debt
their aggregate of
$92,000,000/ while the
reduced
by
of
the
has
State
$131125,271 to $39,000,000,. a
net
reduction
of
approximately
$66,000,000, it is shown in a report
by J. M. Ashton, Research Direc- :
tor of the State Chamber of Com-/
The local subdivisions cut
merce.
their
moval of the default condition in
,
.
.
districts the Commission now is
About the first organized effort at work. :Besides, the total out¬
toward State-wide: improvement
standing ; bonded debt of local
in the financial administration of
governments has been reduced
to finance
construction of
city jail and fire station.
a
ad valorem taxes,
new
ft?;
,
ft:4' *■/
Tornadoes Inflict
;
local
government was begun in
the North Carolina Association of
from
,
;
-
-,1
1
,•-
1
••
i
j,
•
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,
.
.
':
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# A
'
a
:ft
44.:-.
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increased
from
aggregate
of
debt
from
$151,388,050 / to
$86,913,036
and
their v floating
debt, represented
East Palestine, Ohio
all. of the counties and in prac¬
"
by judgments and warrants, from
tically all of the cities, towns and : Bond Election—The voters will $35,634,068 to $8,059,835. :
districts.; Iri most of the few re¬ be asked at the August primary /Such retrenchments have made'
maining small. towns and small election to authorize a bond issue possible a one-third reduction in
past nine years has been the re¬
-
•
■*/,/'
Municipal Debt Reduced—- In"
the past 10 years, cities, counties,:
school " districts
and
townships
in
Dillonvale, Ohio
/ *
Bonds
1
^
activity
J.
Cincinnati.•:"
large number of dis¬ 4
a
by
(State of)
i
1947; $4,000, 1948; $3,-
1949
anclftftftftft
Heavy
'*•
'.ft;'v/-/:?
Dam¬
;■/ .fr / Lancaster; Ohio :/4v'/4-; age—An Associated Press dispatch
-,r:
:j
ft Bonds Authorized — The ' .City from Pawhuska on .May 3 re¬
$362,000,000 in 1932 to $295,;/ft
Council has approved the issuance ported as follows: Storm-battered
000,000 at present.
1
•
of
$12,000 parking meters and northeast Oklahoma counted 20
County Commissioners, an organi¬ j - A no less important function of
zation for the mutual interest and the Commission is that of adver¬ $15,000 special assessment street persons dead or missing, upwards
of
100
and sewer bonds.
injured and tremendous ? •; ,i
;
"
betterment of county government
single year.
tising and selling all new issues
J4-J;?
.'A
!'
property damage
today in the
throughout the State4:444 44 v ft of bonds and botes at public sale Liberty V
Township
Rural School wake-of fierce
;
spring tornadoes. )
NORTH CAROLINA^ ft
ft)
1.4 Seventeen years ago* this * asso- upon receipt of sealed bids at its •: District (P. O. Powell), Ohio
The savage black twisters
;.)
Bond Sale—The $36,000 build¬
V ~r
" Brevard,' N.'
► jciation
:7
petitionee! the Goverhor office in Raleigh. .Widespread and
struck late yesterday about the
for a special commission to study .systematic advertisement of offer¬ ing an d improvement • bonds of-,
^
Bond Tenders Invited—Alex H.
time other tornadoes lashed east¬
:the problem.
The result of this ings of-bonds and motes by cir- fered March 25—v. 155, n. 1174— ern
Kizer, ■ Town Clerk;1 announces
Kansas, central Missouri and:
that pursuant to "the provisions study was a recommendation by cularization to the investing pub¬ were-awarded to the First Na¬ central Illinois.
~
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ft
the Governor and; (the. enactment lic .has proved a tremendous ad¬ tional Bank of. Delaware,- as 2s.
of the refunding plan and the reft In Oklahoma the affected area
by .the General Assembly in 1927 vantage over the old method of at a price of 100.65. a basis, of was about 100 miles
spective bond?'orders and ordi¬
long and 50
of uniform laws for providing im¬ auction sales, conducted at scat¬ about 1.91%. Dated Nov. l, 1941,
nances authorizing their issuance;
miles wide bounded by Pawhuska,
proved county government. ; With tered and. less accessible points and due $2400 on Oct. 15 from and Deweu on the
tenders for the "purchase' by v the
north, Okemah
the - passage
1943 to 1957 incl. "...
4..//Z, of
these laws a throughout the State.;; r ; *■4-'
on the south, Pawnee on the west v
sinking fund of the above town;
r
County v. Government
Advisory
are
invited
of
the
and Tulsa County on the east.
following
Lorain, Ohio
;!• 4 ' " 4 •
• OHIO
Commission was created to assist
bonds*'
!•*'< t'''r--AA
■' •
Bond •" Of ferine—Frank : Ayres,
They came-less than a week
a '
City Auditor/ will receive sealed* after another tornado, one of the
Refunding, dated July 1," 1936, : as* a State agency withr the admin¬ I -, 4'. Akron, Ohio 4-'
Bond Offering—J. C. Mong, Di¬ bids until noon on May 25 for the worst in Oklahoma's history, depayable July «1; 19374. •; > r-^.
istration; Of their! provisions. -This
rector. Of
Finance, Will receive purchase of $8,160 not to exceed vastated the boom town of Pryor,:
-Registered interest f und i ng, commission, -as -tts- title implied,
sealed bids until noon (EST) on 3%
interest
river improvement killing *61 persons and wreaking:
(Jatedftuly-l, 1936,1 pay able:July was strictly1 advisory; MLhad no June 1 for the purchase of $964,-, bonds;- Dated June 1. 1942. "One damage estimated at $2,000,000 to
>• V-,
1, 1976discretionary tnr mandatory power; 000 3,%\ eoupoit, refunding ^ondsf bond Tfpr $1,160,:. others $1,000 $3,000,000.
V'| .t .V'*)' '
a certificates
issued for acquisition
4 of the county airport site at Rye
4. Lake. " In pre-depression years,
bond authorization by the county
•v
ran
as
high as $18,000,000 in a
t
By
counties and 152 cities and towns,
ias well
District-;refundihg;4^ft4ft4,'ft:':rfti! ment of principal and interest on
;
All tenders must be^ considered their debt;" r: 4';;r4
"
jfirm for five, days following.
j The'- rbsult of the Commission's
North Carolina (State of)
;;
1042 Bond Issue Program—It is
"reported that the county will is- | Report on Control of Local Fi¬
nances—The following article by
y sue, approximately
$500,000 bonds
W. E. Easterling, Secretary of the
•;
x this
year. / This will . involve the
Local Government Commission, is
conversion
into •; permanent - intaken from
the 1 "Raleigh News
:debtedness of $229,000 temporary
land Observer"; 4."
certificates of indebtedness." covft;;44,44s44
-
seemed 1 imminent.
j .'Swannanoa!- Waters & 4Sewer tricts, had defaulted in
"
'
about
in 1946 and
1950
''••" / Oklahoma
standing."? Financial collapse of 1951, and $3,000 in 1952. Second have
Sanitary * Sewer ^Dis-* !many local units of government high bid 'of 100.53 for iy2S was debts
!trict:Tefiitiding47;-444A44^4ft4ft4:
Bros.
& Hutzler.
^ .V;k,0.53 '
of "The Manhattan Cto;, (plus *12 —/ft.
premium) ....«.....;».,:
....,....,*.. ..
0.55 ,
Ohase National Bank* of' New York.,ri
0:60
(
Salcmcn
,
create debt: "hut- what to do
Hazel Ward Water & Watershed the debt already created and out¬
j .Skyland
— Bank
;;;
:
'
iDistrict refunding.
$n,premium/v.,0.49:h<..
v
..
Int. Hate
Bank & Trust* Co./r.i ft;—v—'
City Bank of New Yorkv (jjjlusr^wi
1946 to
.
ft/ft— Mitchell, -of V New York/ 4 Other jtpct !refun<jihg4 4 444444 &:«■;, &
'
.
functiofi 'when it was Dated May 1/1942, and due Nov.
evident that the problem was not 1, as follows: ; $3,511.04 in 1943;
.Refunding,.
Fairview Sanitary; Sewer Dis-. one*"- of controlling the power to $3,000,/-1944; $4,000, 1945; $3,000
iDistrict
j
•
u
•
•.
*
.
'A
THE COMMERCIAL &
1886
ing
where 12
than
of
score
a
smashed
homes, a
that
winds
adic
building.
Pawhuska,
store,
Plans Bond
of the
financial
condition of the city,
make recommendations as to the
propriety and. advisability of cre¬
ating a bond issue, together with
the
amount
and
the
proposed
maturities,
and in
this
con¬
nection, authorizing the Finance
Director to engage the services of
Palmer & Co., certified public ac¬
in¬
jured and property damage of
$20,000
from
a
tornado
that
swooped down over a hilltop to
destroy the Lynn residential ad¬
dition.
Okmulgee, Okla.
Offered
Bonds
Sealed bids
10 a.m. on
—
to make a survey
countants, at the expense of the
No
explanation
was
ad¬
18 (today), by Harry De- city.
vinna,. Commissioner of Finance, vanced at the meeting as to plans
for the purchase of the following which might call for a bond issue,
or
of the amount that the city
bonds .aggregating $250,000:
$185,000 airport bonds. Due $26,- officials had in mind to acquire
until
received
were
.
and $29,-
000 in 1945 to 1950,
;
000 in 1951.
under
bond issue.
a
works
extension
Due $9,000
in 1945 to
water
bonds.
1951.
1950, and $11,000 in
...
Pryor, Okla.
Re¬
Damage
Tornado
Heavy
i
ported—An Associated Press dis¬
patch from the above town on
April 27 reported in part as fol¬
lows:
At least 11 persons were
killed and scores in¬
jured after a brief, furious storm
struck this boom town tonight and
left the main street in ruins.
The town was in darkness and
work: v/x';
storm
wind
here escaped
Wagoner, Okla.
for
election
an
&
Deane
.5s
years
1948, 1950, 1952, 1954, 1956,
trict
tenance
the
water
systems-
sewer
after
city,
deduction of
and main--
operations
Legality
expenses.
ap-x
proved by Chapman & Cutler, of "
Chicago.
? f-
DAKOTA
Clerk, until
sanitary
reasonable
Bay City, Texas
r
1958, 1960, 1962 and 1964. Second
of
revenues
the
of
138," a basis of about 1.56%. Dated Hot
Springs School District (P. O.
May 1, 1942, and due Nov. J, as
*.'f V- /• ' Hot Springs), S. Dak.
follows: $1,000 in 1943 and 1944;
Bond Offering — Bids will be
$3,000 in 1946, and $5,000 in the received by W. T. Richter, Dis-^
May
20,
2
at
for the purchase of $65,000
high bid of 101.517 for l3/4s was pot to exceed 6}/z% semi-ann. re¬
made by Blair & Co., Inc.,. Phila¬
funding bonds.:; Dated June
1,
delphia.
/x,
1942. Due as follows: $1,000, June
p.m.,
Election Called—We understand
■
that
has
election
an
for May 19, to
been
<
called
submit to the voters
issue of $60,000 not exceeding
an
water and
3%
im-/
system
sewer
provement bonds. The City Coun<
cil recently gave notice of inten^
tion to pass an
ordinance
May
on
25, calling for an issue of $6,000
3VP% city hall and fire station re¬
I,} 1945,: $4,000, Dec. 1, 1945, and
$5,000 on Dec. 1 in 1946 to 1957; funding bonds. Due not later than
North
(P.: O.
Providence
;//.;xx'xX'
Sale—The
Callable
Center-
on
1954.
/.XX
Bexar
and after June 1, 1950,
option of the district.
at the
! ■'}}./
dale), R. I.
County (P. O. San Antonio),
P.
''x: -XX '.'7:X
Texas X://:, "
"'X/
First : Boston
Corp.,
Scribner
; Masfcen
and A. E.
& -Co.:
Ripley
Stein
Bros
&
erty of a state at war;
2%
»
;
100.617
,
.
..
.
•
100.26
100.109
2'/4%
100.92
"/.;}
■
Bond Issuance Authorized—The
State
ruled
Court
Supreme
re-,
cently that the county may pro- f
ceed,with the issuance of $285,-.
tubercular
000
fused
the
hospital construc¬
The
bonds.
tion
injunction
issued
been
had
re¬
of ?/
dismissal
a
taxpayer's
which
Court
high
.review
to
suit
by
the:
\
►
called
Bond Sale—The issue of $40,000
I
refunding bonds offered May 12—
a
In an emergency Ibonds will be
imprac¬
various .bonds
for the Governor to obtain
of such
nature that it is
approval of the State Council
Defense in advance of his ac-,
the
of
of
the
bonds is
period to
end
ex¬
in
Fourth Court of Civil Appeals.
tiohs, the Governor can act with¬
that /approval, although, the
out
the
now
same
as
the
outstanding
11;
Campbellton Com. Sch. Dist. No,
*16 (P. O. Campbellton), Texas i
'/No Bids Received—It is stated
by
Superintend
Burson,
Schools, that
Morgan
dent of
;
bids were
no
opened for the purchase of $16,-!
000 not exceeding 4% semi-ann.'
ref.
bonds, offered on March 20,
Bids will be,
due to legal reasons.
1962;;*;:;,;'.,;;/.;. ■/;' ■ asked'for
March 31, 1943.
tical
* /
life
over
until L;
Interest, rates of the refunding
The Act remains in effect
■{•
-
2%" '
Inc.
the
protecting the people and prop^ pended
100.769
2%
2% "•
.X
.5s' Oo.",'
Boyce ,x.
and
^ ^
'/*';,
and
MacGi'egor,
Harriman
27, to submit to the
following bonds aggre¬
May
SOUTH
:
the
on
the right to move.)
Moore, Leonard & Lynch, of Pitts¬
burgh, as l%s, at a price of 102.-
Logan
Township School . District
(P. O. Lakemont), Pa. '
has been
„;
..
•
.
Phelps, Fenn & Co.
•'
understand
Election—We
Bond
that
Glover
of
serious damage.
bonds
Bond
.
south
works
ordnance
works and
..
/. Move
the /State
government
$50,000 coupon outside the State;: (City and town
offered May 12 /^- governments are likewise given
,
George G. Applegate ......
BlairCo.,
Inc.;'
and
Butcher & Sherrerdr....,r
Okla¬
dollar
multimillion
The
homa
Singer,
|
accompa¬
said "fell in buckets."
nesses
•
\'v 1
was
and rain which wit¬
nied by hail
strikes, or. where defense; devel¬
opments has
outrun community
a
rV.V
,
the
hampering
disrupted,
were
The
•.
4
TENNESSEE >
Boston, - purchased;/ • on
Bond Sale—-The issue of $148,- May 4 an issue of $190,000 sewei i'ATno* County (P. O. Knoxville), ;;
bonds as 3s. -Dated May 1,' 1942,
•'-x
Tenn. -•>•>. •''v
.'
000 refunding bonds offered May
Approved —
12—v. 155, p. 1646—was awarded and due $10,000 on May 1 from i /Bond Refunding
1943 to 1961 incl. Interest M-N." The County Court voted recently
to Halsey, Stuart & Co., Inc., New
York, as l%s, at a price of 100.267,
Rhode Island (State of) } /':/> jto'issue $1,175,000 bonds to refund
a
basis
of about
1.70%.
Dated
,ia;< like / amount. of outstanding
t
Broad
Wartime
Power,v Bill
bonds/scheduled to mature within
May 1, 1942, and due May 1, as
Signed—The Providence; "Jour^- the next few years. ^
follows: $15,000 from 1943 to 1951
nal" of April 11 reported in part
The Knoxville "News & Sen¬
incl.,! and $13,000 in -1952.
Reas follows:
Gov. J. Howard Mc^
offered to yield from 0.50%
tinel',' of May, 5 reported in part
to
Grath,
declaring ♦ the ; occasion as follows on the action ://
.
1.80%,
according
to } maturity.
"momentous
in
the*. history :of
Other bids:. /}}>:/;; x*x;: •
/Under terms Of the .refunding
'
Rhode Island," signed they State
f Bidder—
v
Int.Rate Rate Bid
_"fogram the county will be re¬
Hemphill. Ncyes & Co., 3. K.
.X^X';
Emergency Defense Act tof '1942 lieved of the
necessity to pay off
1 Cunningham
& Co., Phil- "
recently opening broad, new sec-f several hundred thousand dollars
} lips, Schmertz & Co. and *
- ■'
:
Mcore, Leonard !& Lynch."
100.135. tors of authority for' himself. and
falling due in 1945, 1947 and 1949
E.
H. Rollins & Sons,
Inc.,' -•'X;,/x;'X
the State Council of Defense in
•
phone communications within
•
counsel, constitute special obli- ;
gations of the city, payable solely/
and secured by a first lien
from
.^
.
city
of
.
reported
rescue
.
155, p. 1726—were, awarded to
v.
Johnstown, Pa.
-
65,000
health and
/where, disaster
Bond Sale—The
..
school
May
.
areas
Titusville School District/ Pa.t
Issue—City Council
adopted a resolution, author¬
izing the Director of Accounts and
reported a
death toll of three, 32 persons
V.
>
•
,
has
Finance
sanitation
facilities. /.
franchise tax levied on
foreign corporation.:
•'
Pa.
the
to
'
' •
v
i
Hazelton,
city of the
capital
Indian nation,
Osage
project.
more
school
churches and a stone
two
materials
the
Okfuskee County,
persons perished in tornin
area
i ; ' Monday,'May 18, 1942 '
: v
Establish emergency
obtaining doing business in the ..Common¬
wealth as of Jan. 1 and was liable
necessary for the
officials with respect to
farm¬
Hardest hit was a Negro
:
FINANCIAL CHRONICLE
again in about 30 to 60
days. }:xtx;.x:x;;;
/:-/'-/7 ;//:. {
Corpus Christi, Texas
X.*':'
Sold
Bonds
understand
We
—
dates that, the $100,000 semi-ann. civil¬
of the bonds, and then will drop
ian defense bonds authorized at
to an average of less than 3 VP %
the election held on March 14,;
a year.
>•
-. /■ r-.x;/ ./ // ""//■--/x have been sold to local
banks, as
f Tn discussing the refunding pro¬
3s.;'/X'}:xV-V.'
gram/which his firm has a con¬
Crowell, Texas
tract to carry out, Ralph David¬
Tornado, Fire Take Heavy Toll
son, Knoxville bond broker, es¬
An
Associated
Press
dispatch-<
until
the
present maturity
155, p. 1565—was awarded to S. Council must: register, as quickly
Cunningham & Co., Pittsburgh, as possible, its approval or dis¬
as 3s, at a,price of 102.15, a basiSj approval of his
action.
.
$40,000 not exceeding 4% sewage of about 2.59%
Due $4,000 on
Otherwise, most of the. actions
timated the saving in interest to
treatment plant bonds? i,::
:
from Crowell on April 29 report-,
of the Governor under the bill
July 15 from 1943 to, 1952 incl.
the. -county at between $160,000
38,110 not exceeding 4% sanitary
ed in part as follows: The Red
must
be first approved
by / the
I '•
.!'v/and $175,000.
;
sewer
construction bonds.;;
I
New Kensington, Pa.
Cross cared for 1,500 homeless to¬
'Council.
T
' //: '
voters the
gating $78,110:
v.
K.
'«
.
^
.
-
Due in 16 years.
-
-'x ^
x,'/'/
Defense
ject
OREGON
-
Bond
in
^
Enterprise, Ore.
;
v
Offering Not Scheduled—
To
part
Housing
follows from
as
in the New
of May 6:
Sub¬
Project
Taxes—We
Local
quote
an
item
Kensington "Dispatch"
"Under
a
recent change
in the Federal
law,- the" local De¬
fense Housing Project will pay
here in December, that $36,000
ordinary tax rates to the city,
refunding water, series A bonds
would r be
reoffered
early this county and school governments.
The former proposal to divide a
year, it is now stated by L. E."'
service charge among the taxing
Jordan, City Recorder, that the
was
nullified j by /the
bonds have not been scheduled agencies
same
ruling. Thus the Federal
for reoffering as yet.
:
" ;
housing units will be taxed on
McMinnville, Ore.
the same basis as privately oWned
/Bond
Sale—The $38,000 semi- property in. this community—21
ann.
water and light refunding, mills to the city, 21 mills to the
In connection with
a
report given
.
!
the power to the f y Morgan County (P. O. Wartnight as rescue workers searched
Council to: t/}
burg), Tenn. V.;///.;;^/ debris for further victims of a
! Determine the amount of the U: Bond Sale to RFC Pending— devastating tornado and fire that
11 /persons and flattened
necessaries of life and of defense County Judge George W. Dagley killed
available in the State, and take, Istates that negotiations are still half the; buildings in this west
•in progress with the RFC to pur^ Texas town,
x
x
t
steps to conserve them.
The Act gives
Governor and the
,
.
.
Regulate the sale, purchase, or
1'
chase the
•
$75,000 school bonds of¬
it for
and the buildings on
ited
a
period.
/ x/
/ ^;;
title to buildings
lim¬
Town
Recorder that C.
H. Little
&
,/
-
,
ix/:;;/:
Pendleton, Ore.
.
,
Bond
X
Offering—Mayor
:v
.
C.
L.
Lieuallen will receive sealed bids
until 7:30 p.m. on
for
the
May 18 (today),of $30,000 re¬
series D bonds.
purchase
funding
sewer,
Held
Taxa¬
ble—The Department
of Revenue
has ruled that Pennsylvania resi¬
30
or
40
and the post office was a
smouldering ruin. The picturesque
old Foard
County Court House
was, a
church
bers.
/the
shambles,
pile of brick
a
,
Whole
Baptist
and tim¬
of homes
blocks
the residential district
were
in
shat¬
tered.
Delta
County Road District No. 1
(P., O. Cooper), Texas
-/•(...
Bond Election—We understand
X.
that
an
for June
,
Stock
others,
stores
has
election
been
called,
6, to submit to the voters
$30,000 not exceeding 4V2% road
,
Corporation
125
least
,
Co., of Jackson, have purchased
Take
when $13,000 industrial building con¬
their demolition is necessary.
/ struction bonds; authorized at an
Take possession of, or title to, Election held in October, 1941.
series of 1942 bonds offered for school district and 6V2
mills to any high explosives, horses/vehi- / /.The bonds were' purchased as
4s. Due in 12 years, x
/
/
sale on May 11—v. 155, p. 1799— the county—or $10,500
annually cles, motor vehicles, aeroplanes,
for schools and city—each.
were awarded jointly to the Ore¬
/
ships,- boats, ^ railroad or " street
texas
As a result, the city is inves¬ railway rolling stock, cattle, poul¬
gon Mutual Fire Insurance Co. of
McMinnville,and / the
United tigating the possibility of extend¬ try,- provisions, clothing, bedding, j-,Bastrop, Texas -,:"x;
States National Bank of Portland, ing its fire alarm system to the medicines, medical supplies, heat¬
/, Bond Sale Details—In connec¬
as 1.70s, paying a price of 100.419,
project,, as well as paving East ing fuel, and motor fuel.
/' /% tion with the sale of $125,000
a
basis
of
about 1.63%. ; Dated Hills
drive
or
some
other
ap¬ i ■" Sell at prevailing market price water works and sanitary sewer
June 1, 1942.
or : distribute
free r' any / cattle, system revenue bonds to a syn¬
Due on June 1 in proach to the area.
;
../:•
1944 to 1957; callable after eight,
poultry/ provisions, clothing, bed^ dicate hedded by R. K. Dunbar &
Pennsylvania (State of)
years from date of issue. J-':/;1:}:}
ding, medicines, medical/supplies, Co/,; of. Austin, report of which
v
At
•} fered for sale without success last injured seriously, were in hospi¬
k
and : homes
in
Prevent waste,
adjoining'
hoarding, .and April.
/;; ;>;:;xx tals
towns;
Little but wreckage re-/
profiteering with respect to such
I'. -/;...: Rutherford, Tenn.
;*
mained of the
business district.
necessities.
}
Bonds Sold—It is stated by the A business block housing three
t
Take possession of reql estate ;
distribution of such necessities.
construction bonds.
/
heating fuel and motor fuel which appeared in our issue of May 4,
has been, seized. /
:x we now understand that the bonds
-
El Paso;
.
-'-x:,:////.x/:vs:
Texas
Warrant Refunding—It is
'■f/;
stated
by G. R. Daniels, City Auditor,/
Compensate the owners of any were purchased as follows: $14,- that the
city has completed 'an
property taken, according to de¬ 000 maturing Aug. 15, $2,000 in
agreement with Mahan, Dittmar;
Corp. • stock must pay-the State termination
by,: an
emergency .1944; $3,000 in 1945, $4,000 in 1946,
& Co., of San Antonio, for refund-:
four-mill personal property tax
claims commission.
/-O , //}
$5,000 in 1947, as 2%s, $27,000 ma¬ ing outstanding time warrants into
on their holdings;
x xx »
: ;
"
Carry out blackouts and other turing Aug. 15, $5,000 in 1948, $3,into $35,000 airport lighting sys¬
f • The ruling was announced fol¬
air raid protection measures and .000
;in 1949 and ,1950, $4,000 in tem refunding bonds. Dated Aug,
lowing a.decision.which..held that make the necessary accompanying 1951 to
1954, as 3VPs, $22,000 ma¬ 1, 1941. Due $3,000 from 1942 to
the .corporation
was
not.'doing rules,/.
turing Aug/15, $5,000 in 1955 and 1946 and $4,000 from 1947 to 1951,
business* ;in
Pennsylvania v as of
Prescribe the qualifications and
1956, $6,000 in 1957 and 1958, as
Jan. 1 of this year and therefore
scope of action of local civilian 3V2S, and $62,000 maturing Aug. Fisher County (P. O. Roby), Texas
was, not
liable to the franchise
Bonds Sold
We understand
defense'appointees, such as volun¬ 15, $6,000 in 1959 to 1966 and $7,tax., — r. ■"
} • C
that C. R. Woolsey & Co., of Lub¬
teer auxiliaries.
'1 f
v
000 in 1967 and 1968, as 3%'s/J:
Walter J. Kress,. Acting Secrer
Regulate
the
assignment
of
Dated April 15, 1942. / Denom. bock,, and the Dunne-Israel In->
tary of Revenue, said the decision firemen and fire apparatus .from
vestment Co., of Wichita, jointly,^
$1,000.} Bonds maturing in'1953 to
was reached after an investigation
have
purchased ; $80,990.93
any company in the State to/any I960,;: are,: callable
4%v
on April 15/
and .following
a
conference .of
semi-ann./. road and bridge re-?
plaee in. the State.
*" X
,1952 or any interest payment date
Tepresentatives of the Department
1941
bonds.?
Regulate highway//traffic,i,esr;! thereafter^ at par and interest;' funding, series- A,
of Revenue and the Auditor Gen¬
Dated Sept. 12, 1941. Legality ap¬
pecially to facilitate troop move¬ Bonds maturing in 1961 to 1968,
eral's Department.'
~
McCall, of
ments and transportation of de¬ are callable on April 15,: 1945, on proved by John D.
dent
holders
of
General
Motors
.
PENNSYLVANIA
Cherry
Township
School
District
'
(P. O. R. D. 5s, Slippery
Rock), Pa.
'
Sale—The issue of $6,000
first series high school ad¬
Bond
coupon
dition
offered
bonds
155,
May
11—
1799—was sold as 2%s,
at par.
Dated June 1, 1942, and
due $600 on Dec. 1 from 1943 to
v.
p.
;
1952 incl.
School
Crafton
•
Bonds
Malone,
ports
Not
Sold
District
that
bids
District,
—
Pa.
Stanley H.
Secretary,
received
for
■
—
_
,
,
,
•
,
Kress
explained that in previ¬
Pennsylvania resident
;Dallas.
ous
the
stockholders
fense materials..
-
years
of
General
Motors
•
Establish
t
$30,000
award
were
coupon
schl. bonds
up
for
May 11—v. 155, p. 1646,
returned unopened owing to
on
difficulties with Federal priorities
■!
1
,.
\ : : ; /• any interest payment date thereGregg County (P. O. Longview), *■
emergency."^'defense 'after, 'at 102,00 and interest./Prin.
Texas■
•
.«•
arid int., payable ;at the American
had paid the- personaL property areas," where disaster strikes, and
!x Bond Offering Contemplated—i
National Bank,- of Austin.
These
tax.
Whether they were
liable supervise) activity' within-.these
bonds,, authorized at the election We understand that the $50,000
*
•:
' L'
this year rested upon the decision areas.' ; held on April 20, in the opinion airport bonds of the $200,000 issue
Control evacuation operations. /
of whether the
re¬
.
.
corporation
was
-
.Volume 155
Number 4073
*
,
,
that
carried
Nov.
23, 1941,; of which $150,000
sold, will probably be placed
were
at
the
the market in the
on
Haskell* Indep.
,//■ i
"
Sch.
election
«
County Judge, tht $41,893.09;4%- died,-the estate consisted not of
road and bridge} ma¬ these
securities, but stock in the
and refunding /.warrants personal corporation. That meant
have been purchased by various
only the home State was entitled
school and county sinking funds.: to a -tax.
v Now that the old rule
Dated April 13, 1942. v
,
./j v , is back with us, there will un¬
on
Dist.(P.
O.
Haskell), Texas
i Bonds
Sold
The ; State
Board
of Education is said to have
pur-
chased
Wichita
bonds
on
County
(P.
0»
bonds
issued
in
to
Assistant
General Fowler
the
gave
county
-
provided
Supreme
vives
as
that
the
^
Court
Estate
j
•;
v
Rer
•
Decision
Tax
the
bonds
2%.
issue of May 11,
sold as follows:
our
were
,
,
into"
entered
;
in
street
trusts
or
President
or
nominees'
or
names—all to the end that in the
event,of death no transfer of cer¬
tificates would be necessary out¬
side the State.
There is likely to
Problem—The
revival of that
a
of
the
Board
of
of
The
follows: $1,000
from 1947
to
1953, $2,000 from
1954 to 1957, and $4,000 from 1958
to 1962/
*
;
as
,
the
entire
series
or
may;
Bonds Sold—It is reported that
the Ranson-Davidson Co., of San
-
the
to
Federal
the
days before 1932 the
enjoyed a free-for-all when
security holder died.
His home
States
a
State
lect
first
was
estate
were
tax.
semi-ann.
entitled
refunding bonds.
Due $500
Nov.
on
15
in
1943
to
1957
incl.
which
to
the
Austin.
.-.v
-
/
Palestine, Texas A/AA
Bonds
Sold
—
We. understand
that Fritz Stewart & Co., of Dal¬
las, have purchased $45,000 ZVi%
semi-ann. refunding bonds,
\
Bonds
Sold
The
—
;
Columbian
Corp. .of ^ San Antonio
is said to have purchased $50,000
airport bonds as 2^s and 2%s, at
par.
These bonds were approved
by the voters by a wide margin
March 28.
*
*
the
purchase. erf
dated
cancellation
March
and
be opened by the
f
,
V
v
stated
iby
Purchased
Roy
G.
that
.
ten
years
try to bring back the old deal.
was; a
Utah: set
Supreme
to get the
new
out
court to revive
the old rule.
decision
just rendered by the
Court crowned Utah's
To
get
away
taxes, investors,
It
followed
set up
several
duplicate
from
in the old. days,
courses./ Many
corporations for themselves
at
is
home, and had the corporation
own
the
securities. - When they
Anderson,
'
States
did
Those
laws
trict
just this before
will
June
in
come
the
handy
for
preferred
a
called
9
on
the
a
oper¬
tation Commission shall have
thority
not
to
*
issue
to
and
/ exceed
for
amount,
struction of
a
au¬
State
bonds,
' $6,500,000
in
the
sewage disposal
tem for the district;
check
will
sys¬
/
-
and
scribed
Norfolk v. City will elect
three
City; Councilmen on the same day
and Newport News will elect two.
»
The Hampton Roads Sanitation
District^, is1 composed of Norfolk,
Newport News and Hampton, "War^
wrck- and" Elizabeth City
Coun
ties and portions of Norfolk, Isle
of Wight, Nansemond and Prin¬
cess Ann Counties.
'■/, /
»>•:•
/'//
and
Date
;
charges
plied
water
revenue
bonds to Ferris &
Hardgrove of Seattle—v.
155, p.
Clerk
of
is "stated
by
City
/
——Jun
——
>,■
1
"
"
v-:
/ ^
/ : 1
Pirst mtge. lien & refunding 5% bonds, due 1951___Jun
1
Allied Owners Corp. 1st lien bonds due 1958___—May 29
Allied Stores Corp.-4 Mi % debenture bonds due 1950—July •, 1
2.69%/
on
the
bonds
American Gas & Electric Co. 2'A debentures due 1950__May 21
3 Va %
debentures due 1960
;————May 21
i
—-May 21
^m^ricari Tissue Mills 7% pref. stock
—May 25
Arnold Prinf Works 1st mtge. bonds—__———--—-pet
};1
Topeka
Division 1st
& Santa Fe Ry.
mtge. bonds, series A,
Rocky
due
1825 ;
divided
Mountain
^ Pasco Schi- Dist. No. J (P. O.
/ '' -/ //v:;; Pasco),., Wash.
Maturity—It is stated by C. L.
Booth,- Superintendent of Schools,
in/connection with the sale of
$50,000
gymnasium " b
..
..
under
be
may
o n
d
to
s
Federal
after
ifying
the
price
and
the
bid
will
be
are
/;■"/,/' /.,
.4.
Almena,
Wis.
Bond Offering—Bids will be
com¬
by Joseph Franzen, Town
Clerk, until May 26, at 8 p.m., for
the purchase of
Interest
3V2%.
$4,600 road bonds.
is
rate
not
April
1;
$1,000
in
1943
>
Light & Traction Co. 6%
-
•«
1965——_—July
•.
1670
1670:
Page
Issue
E. H.
Canceled
*
i
>,
Interstate
last November
been
were
rejected, has
/
1311
1837
--Aug
...
X
*
1
1
1837
~
Debentures
Corp.
debentures
——July
"due' 1948
4
1
1751
''
—I—
&
Ashtabula
Ry.
Due
se¬
to 1953 incl.
^///■/.;:///:;'////A;/))./
1st
Date
Page
gen.
May 29
Portland. General Electric Co. 1st
Public Service Co. of Colorado
4%
mtge. 5s. due 1950—Jun
debentures due 1949_Jun
1844
1
1844
1
1844
1
1317
———May 19
1845
San. Jose Water Works ls.t mtge.
3'As, due
Savannah Electric & Power Co. 1st
& ref.
/;
series F, due 1955
1710
/
Sherman
Avenue
1st
4s, due
Bldg.
1961-
5'A
Jun
1
bonds,
1947_Ai-_i_AA—July
(Varsity
bonds dated 1930A—-—:
Theatre)
1
6 Ma ft
——Jun
—
Sherwin-Williams Co. preferred stock, series AAA—
Smith &, Wesson, Inc. 1st
mortgage 5Mas, due 1948
Square D Co. referred stock
1
1756
Jun
1
July
1
56
30
1608
1
1318
_jun
Strong (Mark D) Bldg. Corp. 1st mtge. bonds, due 1943
Toledo Edison Co. 3 Mi ft debentures due
I960—
Unified
Debenture Corp.
1685
1
1758
Jun
1
1222
1
1688
iln
Vol.
154.
1842
1604
.
1843
1756
Dividends
1
are
grouped in two separate tables.
In
first we bring together all the dividends
announced
current week.;
Then, we follow with a second table
which we show the dividends
previously announced,
which have not yet been
paid. Further details and'i
ord of past dividend
payments in
many
12
Jun
debentures due 1955—Jun
DIVIDENDS
t
1
1
debentures
Jun
1840
1841
.—Jun
3.41%.
1840
—May 22
.
2039——
price of 100.50,
a
about
-:A-_^___'_A—
1313
1
due
Ont.
1839
1
15
bonds,.series A,
of
rially from 1943
1
,
privately at
basis
;V ^Announcements in this issue,
1945—Sep
•
a
1839
1
conv.
sold
United Biscuit Co. of Am. SVaft
1956—Jun
Dodge Corp.'
Napanee,
of
Bonds Sold—An issue of
$10,750
improvement
bonds
was
1/.
Coast'Cement Co. ist. 6s, series A, dated 1927-Jun
sold
aV2%
1839
.V/s%. debentures due 1952—Jun
Philadelphia,.Transportation Co. consol.'mtge. 3 % -6 A
/ phelps
/
1679
Montreal Lt„ Heat & Pow-consol. lst.3MiS, due 1956__Jun
1
/ National,; Light & Power Co.. ..1st mtge. ser. A bonds—May 15
New York Railways Corp. prior lien bonds, series
A,
due 1958 AA—A—A—.A
.A—__
.July 1
Pacific
was
the Royal Securities
Corp.
Toronto. Due June 30, 1942.
1
1st mtge. 3%s, due 1956——Jun
Montana Coal & Iron Co. 1st mtge. 5s———:
Treasury Bills Sold—An issue of
to
1838
/; Metropolitan Playhouses, IncA 5% debentures due 1945_May 26
/
'//;/'///:;-;/
$250,000 Treasury bills
2
viA——_1 A—Jun
Minnesota Transfer Ry.
bonds
;;//
Hamilton, Ont.
1'
Long Island'Lighting; Co. 6'/P. secured bonds due 1945—July
Long Island) Lighting Co. .5Mi % debentures, due 1952_Oct
Louisville & Nashville RR. unified mtge. 4s, due
1960_July
May McEwen Kaiser Co. $4 preference stock
.—Jun
w
dropped entirely.
CANADA
dis¬
Company and Issue—
f' mtge.
City
.
No
SchUyler Hudson-Corp.
„^_July 15 ^
Pcnnsgrove Water Supply-Co.- 1st mtge. 5s, due
independent
1
*1377
-
:>Iowa-Electrtc Co; 1st 4s, series A, due. 1961———Jun
/ Kanawha Bridge;Terminal Co.-1st mtge.'5% bonds
-v-
1753
1
1st
Paris-Orleans-RR/6,Abonds, foreign series, due
1751
Tel. Co. 1st mtge. 4Mis due 1961-July
Co.
1307
-
'
Power & Light Co. series debs, due 1942-1946_May 29
Gas & Elec, Co. 1st mtge. 3l/2S, due 1967—Jun
1
Cincinnati
Traction
1307
'
1749
.
bonds, due 1954_^__Jun
a
■—
Olson states that the
$50,000
2%
semi-ann.
armory
building and library site bond is¬
sue, for which all bids received
by
Pittsburgh/ Youngstown
1 >-.i
Inter;,City .Baking Co.,'Ltd.i.lst 5V2S, ser. A———July
Paper Co. 1st & ref.:5S„-A-/—_——-Jun
7
1670
1
International
1748
I
accepted with
on
1946,
■/://•; ;>■
Marshfield, Wis.
Bond
Clerk
the
.
exceed
Due
to
and $600 in 1947.
spec¬
for
to
Dated July 1, 1942.
laws
rate.
re¬
ceived
sup¬
public
accepted,
offered
are
accepted
.
mainte¬
existing
interest
l)is
bids
WISCONSIN
or
forms furnished
bonds
.
4; Inland Steel" Co. Msfc mtge.:,3s^.ser, E, due 1952
1748
182
on:
of
withdrawn
or
unless permission first is ob¬
tained by resolution of the Com¬
mission. '• •
charge.
Only bids;
lowest
acceptance
until bids
or
district
next
rejected, whichever is sooner/
or
Such opinion will be furnished
to
the
purchaser 'without
the district will be
the
the
hours
and
2Vifo
Indianapolis, Columbus &" Southern
•/, mtge. ;bonds, ■ due, T948--.^l_—
;
1749
24
opened
the
bid
on
1752
-
1
Citizens
No
event
with
for
until
and
or
said/ electric
taxes
come
as
1831
497
Augustinian Society of 111.. 1st mtge. bonds d^-ted 1929_Jun "1
Beech Creek Coal & Coke Co. 1st 5s, due 1944—1_—.1 Jun - 1
Central
bid.
,
follows:
.
1970———-——
such
agree
bidder
utility and all necessary repairs,
E.' J/'McCall that the; bonds were replacements and renewals there¬
purchased at a price of ,96.937, of, and that the interest on the
bonds is exempt -from Federal in¬
giving-, a net interest cost of about
1726—it
In
ages.
may
resolution,: and for the
nance
days after
by the dis¬
the amount of his check
aforesaid shall be forfeited to the
district as agreed liquidated dam¬
bonds and all payments which the
district is obligated'to set aside
/VA A Bremerton, Wash,\j - -;<»?
in the special funds created
/ in
/ Bond Sale: Details—In connecthe bond
/ Driver-Harris Co.: $7 preferred stock—A—
Jun
Fairbanks,;Morse :& Co. i% debentures due 1956—_Jun
•
V
Atchison
rates
and
The
bidder
purchase
trict,
by the district which shall
operation
14
the acceptance thereof
be adequate to
provide revenues
sufficient for the payment1 of the
principal of and interest on' the
proper
the
neglect to complete the pur¬
chase of the bonds in accordance
!'/}|3'^/WASHINGT0N
tioh/ydth , the sale of the $300,0QQ
$150,000.
on
power
energy
sold; furnished
pay¬
of the dis¬
successful
with his bid within
and
services-, facilities and
modities
-
the
applied
establish,
collect
electric
of
be
of
sum
opened.
resolution,
has
to
check
or
the
valid
bond
and
for
;/
Page
Agar Packing & Provision .Co. 1st mtge. income bonds,
due
Statutes ;of
obligated
maintain
other
the
.
stocks
debentures
and
thedistrict
is
^
under
Company and Issue-r-
3%%
San
paid
If the successful bidder shall fail
authorized
constitute
in
that
and
.
r
.
i
or
be
price of the bonds.
All
other
checks will be returned within 24
hours after the bids are
binding obligations of the district
payable solely from revenues to
be derived from the
operation of
the
electric
public
utility
de¬
con¬
*
-
have, been
Constitution
sell
financing
bonds
cashier's
or
to the Treasurer
trict in the
and issued in accordance with
the
—
list of corporate bonds, notes,
.»
due Dec. 1, 1945—
Alabama Power Co.—
en¬
bonds
certified
by the Puget Sound Power
Light: Company in the district,
together with certain transmission
'
called for redemption, including
sinking fund provisions. - The date
indicates the redemption, .or last date for making Rend¬
ers, and the page number gives the location in which
the details, were given in the "Chronicle." />;'/
,/ ///
those
the
able
&
:
.
now
ated
States
/
electric properties
debentures due 1951—-Jun
1
Contineri,taL Rollr & Steel Foundry Co. 1st mtge.
6s/////;/,
:f series A; due 1950/——-—————
—Jun
2
Below will be found
thereof
bidder
cago,
New York City,
Francisco.
Monies shall
acquisition by the .district of
the
1932.
question of
whether the Hampton Roads Sani¬
Consolidated Oil Corp.
;
the
lowing places at the option of said
Bellingham, Seattle, Chi¬
finance
securities of their residents. Some
Company and Issue-: Date
Connecticut.,Ry.'*&; Lighting Co. 1st & ,ref. 4V2s; due !
' *
Vi"l '1951, i--L—
--July 1
Redemption Calls and Sinking Fund
and
to
be "for
1932//////' /'•/,/'
5.^
made
bidder:
be
decisions and that both
prin¬
$53,0Q0 as 2%s, maturing
cipal and interest: are exempt
May 1 in 1943 to 1952; the re¬
from taxation "under
existing laws
maining $247,000 as 21/4S, matur¬
efforts with success, and so we
of the State [•
except - inheritance
ing on ;May ,l in .1953 to 1962. In¬
are back where we started before
and corporation net income
taxes.
terest payable M-N.
'
'
'
will
be
Delivery
-
there
Supreme
Asper-
—
court; decidfed
that securities were the eistate/tajt
prize of only one State; the-home
State: of the investor; /A/'/A/a I £
A
.
County (P. O.
mont), Texas
•/.v Warrants
was
point finally got to. the Su¬
preme Court of the United States,
new
City Commission
June 10, at 8 p.m.,
on
Stonewall
decided
The
Court,
Mayor
retirement
.
^
Boston,
and took the matter to the courts.
to
refunding
1939, for
1,
,
,
something legally
wrong or
vicious about such} a
welter of taxes on the same item,
As
—
were
.
-•
! Bond Tenders Invited
States in
offices-
everything - was
serene
under
this
arrangement,
until the State of Utah decided
Louis S. Witte states that tenders
bonds
AT
For
/A'/;/: / San Benito, Texas A//AV
for
,
^ne fs45
I
National Bank of
and: in; 1932
Securities
on
transfer
that there
.
tax.The
a
located wanted to be paid off, tqo.
-
and
int.' (M-N) payable at
American National Bank of
States, those States felt
the
„
Prin.
-In
tax.
in which the
in several
sewer
the list to col¬
on
addition,
companies
incorporated ;ealled for - a
If a corporation had property
an
Antonio, has purchased $7,500 4%
A Dated Nov. 15, 1941.
district.
more
-
confined
Odem, Texa*/A|////AA the States
///., /. A/
con*
by said bidder to
salutary arrangement split, but there shall be no more, the district in Federal Reserve
than one rate for a
single matur¬ funds at
the States to have
Bellingham, concurrently
Bids will be received for
reciprocal laws that would elim¬ ity.
with the delivery thereof.
Each
inate duplicate estate taxes on the all, but not for less than all. The bid
shall be accompanied
by a
bonds are to be issued to
The
would
now,
and/perhaps other
would be will
jump- aboard. ///';■•
Govern/
died the estate tax party
;//;/
,
10,
than
titled thereto at either of the fol¬
named rate may be uniform
for
program.
the
shall
*
March
more
without
be
expense
Com¬
missioners, for the purchase of a
$5,875,000. issue; of electric rev¬
enue, Issue of 1942 bonds. Inter¬
est rate to bq stated
by the bid¬
ders/in multiples of y4 of .1%..
put their
ment and only one State. :
Midlothian, Texas
lines
/ /.
extending • into -Skagit
Bonds Purchased — We under¬ V Now, however, the court has re/
Hampton Roads Sanitation District County, to provide working capi¬
stand that-William N» Edwards & versed itself and has let (the bars
tal and for other
purposes, all as
(P. O. Norfolk), Va. '
:?;■
Co., of Fort Worth, have pur¬ down, so that a merry tax time /
more fully set forth in
the Bond
Special Election—The Norfolk
chased $71,000 refunding bonds,
may be had by several States in
Resolution. All bids will be un¬
"Virginian - Pilot - Landmark" of
J;-.,
V-A-:' • respect to the same securities/The
derstood to be conditioned
upon
May 7 reported in part as follows:
^
Nacogdoches, Texas
//,/.: investor will in
self-defense, un¬
the
rendering of an approving
Bonds Sold—It is stated by J.
/Judge Richard B. Spindle/of
doubtedly/take
refuge. in
the
E. Reese, City Secretary, that the
the-Corporation Court of the City legal opinion by Chapman & Cut¬
things that were popular before
Stone Fort National Bank of Na¬
of Norfolk, yesterday ordered a ler of Chicago, -dated as of the
1932, to ward off the pile of. taxes
date
of
delivery of the 'bonds,
special election to be held in the
cogdoches, has purchased $35,000 that would otherwise
apply, v A which shall state in effect that
semi-ann.. airport bonds as 2lks.
Hampton Roads Sanitation Dis¬
In
Due
shall
dition, except as to that relating
to
the
legal opinion above set
forth, and without interlineation
ryt
,
the bonds of
on
Bids
,
bridge
(the
Dry den Ferry
Bridge over the Neches ;* River
between Orange and Port Ar¬
thur) was built it would become
"
investors
custody, arrangements,
L
investor, the estate-tax ghost has
been called back to haunt him by
the United States Supreme Court;
For ten years the investor was as¬
sured by the court that when he
Department, and that, when
the property of the State.
'/"/ //-//.:/
"In addition to all the other prob¬
lems that have beset the security
bond proceeds to the State
High¬
way
the
First / National
following article was written by
J. "S. Seidman, New York
City, be
certified public accountant://'// •
the
"contribute"
would
the
at
appeared in
.
,on
Payable at* the holder's
or
United States
for the ruling an Act
Legislature in 1934 which
specifically
payment
count
,
.
securities
basis
of the
<
UNITED STATES
Attorney
Roberts
called for
Bank, Wichita Falls,
above county for
bridge construc¬
tion are not eligible for State aid
participation.
417.
bank
$750,by the
1935
/ /'
County
—
May 5, registered warrants Nos: 1
A//{'
mont), TexasrA
;
Bridge Bonds Held Ineligible
for State Aid-r-The State
Attorney
General ruled recently that
000
Falls), Texas 1
Call
Tlte
Treasurer
Beau-
A"
i
County Road arid Bridge1
Warrant
,
Jefferson
& Co., of Spo¬
kane, at 100.026, report of which
$18,000 maturing $3,000 from 1944
to 1949, as l%s, and
$32,000 ma¬ or erasure. The lowest bid shall
doubtedly/be a rebirth of these turing $4,000; from 1950 to 1957,- be determined on the basis
of the
personal corporations.
It is true as 2s, giving a basis of' about lowest net
interest cost to ma¬
that the personal corporation will
1.95%,'
!/■■<'
r-iturity on the bonds, computed in
...
;■
haye to pay income and franchise
accordance with the formula de¬
Whatcom County Public Vtility
taxes.. / But, those taxes may be
vised by the Division of Munici¬
No. 1 (P. O.
much less-than the estate taxes
Bellingham), Wash.
Bond Offering—Sealed bids will pal Corporations of the State as
that would otherwise be heaped
applied heretofore by the City of
be
received
until
11
aim.
on
the securities.
on.
j
Seattle. The bonds shall be
print¬
June 2, by Charles A.
Pederson, ed and
/ Besides personal corporations,
delivered at the
Precinct No. 4 (P. O. Wichita
3lAs, the $15,000 con¬
approved by the
April 15.
■
as
struction
Voters
—
1887
Arthur E. Nelson
semi-ann';
chinery
future.
near
THE COMMERCIAL & FINANCIAL CHRONICLE
.
under
the company name in
our
cases are gi
"General Corpora
THE COMMERCIAL & FINANCIAL CHRONICLE
1888
Investment
and
News
Name of
Kobacker
Name of
When
share
Payable
Allied
Mills, Inc.
$5.50
(irregular)
Gas
&
American
Farms,
20c
6-
1
5
6-
1
5-20
Lusk
6-26
6-10
M.
15c
6-
5-15
Marconi
1
6-
f75c
preferred
V-
1
5-20
Scgjtia
Belden
Masonite
472%
341 Vi
7-
1
7 6-10
$174
7-
1
6-10
7-
2
(quar.)_^i.—____—__
f$3
preferred
Berens River
Border
6-30
35c
$$174
J3c
Ground
Wharf
Rent
Trust
$4
5-25
$1
5-15
5-
6-30
6-
.
6%
preferred
Fence
Brown
(quar.)
&
Wire,
6
6%
6-
6-15
$2
lc
(quar.)
$lVa
Co.,
Cabot
Mfg. Co.
preferred
7%
Canada
&
Dominion
Canada
"inegars, Ltd.
Sugar Co., Ltd.
preferred
5%
,
1 i
9-20
10-
3;.T-
8iy4c
prior preferred
(quar.)
Western
Canadian
Power
Co., Ltd.
Catawissa
RR.,
Natural
5%
1st
Hone
West
&
Below
6-
Corporation
6-20
57o
$5.10
preferred
6-
5-15
5'/2%
5-15
1
'
„''
\/7
Co.—
Acme
6-
1
5-20
Adams
6-15
5-29
Aerco
6-12-
6-
2
Aetna
Central Illinois Light Co., 4 72 %
Central
Surety
City)
&
Chicago
Shaft—
$5
preferred
preferred
preferred
Co.—
$7
6'/2%
3
5-.
5-15
Nashua
6-30
6-20
National
6-27
$iy4
$174
6-13
30c;;
6-30
5-15
!_
$l5/a
6-
pfd. (quar.)
31 y»c
—
•
preferred (quar.)
Elec., 5%
572%
1
5-25
Co.
3c
Co.,
pfd.
$1%
(quar.).
6-20
6-
Class
B
City
A
&
Coated
Lines,
(quar.)
Paper
1
convertible
New
-
•
preference
(quar.>_______4
.'i
Bedford
Command
Oils,
25c *
Cordage,
(quar.)
Gold
Continental
Casualty
Continental
Oil
5%
Steel
Co.
Oil
Dictaphone
America—
5%
••
'
pfd.
25C
(quar.)__
8-
w
5-29 «i
,
1
25c
*
'.V,.
'7-18
4
$55'/ac
6-t
t%\Vi
Elastic
50c
7
5-14
1
-
(quar.)
Extra
$iya
of
7-
$iya
(quar.)
4
(San
7%
44/1,000 share of
preferred
cash,
/'',.
•
Belt
preferred
Lakes
Northern
or
$172
iyac
(Calif.), class A
(quar.)
Bank (N. J.)
(reduced quar.)
3
50C
_!
preferred
W.
(quar.)
Kellogg (Spencer)
.
Qass
B
4-
8
5-20
6-22
5-26
'
6-
1
3/
5-20
3 6-20
6-
5
7-
1
6-15
6-
1
5-15
6- 1
3:
6-17
6-17
-
-
1
6-15
6-15
6-
6-19
5-22
50c
7.
1
6-15
42c
3
6-29
6-
6-15
$iya
6-
20c
$114
50C
Y-
40c /
....
3
(quar.)
(quar.)
7-
1
5-22
1
6-
5
5-15
6-10
'3
& Sons__
class A
(quar.)
(irregular)——_——
San
,
6-26
V 6-10
r
50c
7-
1
5
1
6-10
87»e
7-
$172
6-1
-'•8cr''
/; 7-
1
-
5-26
6-15
^
/
^
^
(Phila.)
A
Manufacturing Co.
&
Whitehall
t
5-29*
6-10
-
6-10
,
•
t
41 %c
30c
25c
6-15
67c
6-
v -
6-
6-30
50c'.'
6-15
$1,057 /
S.)
0%
Sun
3
1
(quar.)
Art
,7
$1
.j
6-15
-
6-22
75c
(irregular)_7
(quar.)
:
;
$174
.
;
.5-20
(reduced)
*
convertible
preferred
preferred
-
4 6-30
7-
•
25c
1
Truax-Traer
572%
6%
Coal,,
preferred
common
United
Aircraft
United
Amusement,
6-15
:.6-i5
6-15
Gold
V
16-I
1
5-20
50c
t66c?V
6-
6
i 20c
6-15
6'■
Standard
United
7%
(reduced
shares
Illuminating
'
.
\
25c
f40c
4———
4 $1%
r,:'i5c
s-a)—
Co.——
.
1
4.
6- .5 ».
6-
5
6-15
•
-
-
.
-
-
'
5-15
-
6-30
1'
:> '50c
U.
S.
Gypsum
Co.,
"
T/o
preferred
common
(quari)_ij_—3
(quar.)_^_^^.:
50c.
:
$174
.7-
\:/
7-4';:
6-16
36-16
$17a
/
6-
25c
Show,
;
5-15
1
$172
6-
1
5-
8 '
t$l74
6-
1
5-
8
6-
5
6-22
377ac
$1
6-
3
(irregular)___
(quar.)
of
America
$2
5-15
3
>
5-20
6-
1
1
5-20
5-15v
7-
'
1-
6-15;
6-
1
5-15
7"
15c
6-
1
V
60c
6-30
/■•:•;: $1-
6-30
6-15-*
6- 1.
4-30
7c.
'
10c
5-15
v
6-15
J
Savings
(quar.)____—
convertible preferred (s-a) —
of Montreal
(quar.) __________
of
5-15
6-
(quar.) 11—
&
5-14
>;
7c
________—
Trust
5-21
,
417<c
—.
National
common
6-15
*
5-29
6-10
75c
v
4-30 ji
1
,
—
common
1
6-10
6-
—
(quar.)—;
4 '
6-
$174
;7
Radio
4$2-
.
<
t$27a
6-1
t$2
Toronto
6-1
4 25c
6-15
tl27aC
6-15
5-30;
; 5-313
; 5-16
(quar.)—,—___________
Nationale (Montreal) —
5-15
3
Banque Canadlenne
'
Quarterly
Barber
Co, Jquar.)
(p. W.l
Bathurst
f rClass
A
Gil
7Canada
(quar.)
___________
Power
&. Paper
common
Co.,
(quar.)—:
'
5-15
•
(quar.);._
Ltd,,—
.
:
30c
6-
1
!t\ 15c
Co. class A
6-
8
$25C
6-
:,
Co._,—_—
v
5-H
'
—
3
545
•
•
Beath
■{V/, D,> & Sons, class A (resumed)f
"Brummell Ties,
7
,.$1.50 preferred
Aviation
Bensonhiirst
Nat'l. Bank
Berkshire Fine Spinning,
7
645
;
::
(quar.)
6-
7-
10c
7'
5-15
V..-
6-
25c
6-15
5-14
-
5-15 '
0-
377ac
3
6-
I..41
-
6-
5-15
.35-
8
$1
6-30
3
6-30
3 50c
6-1
:
5-23
•-v
(Brooklyn)/(quar.)
6-15
-7 % .'preferred
$25c
480c.
'
(quar.)_____^.__™___—___
Corp.—
(Increased)
v..$5 convertible preferred (quar.)
7-$7 preferred (quar.)
Bethlehem Steel Corp., commonl_____j____-
6-1^/
5-
3
7.6-20.
15c
(quar.
preferred
f
5-30
5-30
1"
6-15
;.$i
(monthly)
preferred
v
Bendlx
6-II7
7
'
Beaunit Mills, Inc., common_______i—
5-15
6-20-7 6- 5
/*
;
6 %
Beau
5-27
5-30
6-
25C
(irreg.)
(initial)
Barlow $ Seellg Mfg.
1
A—_—1
pfd. (quar.)
.
Mills
Barnsdall
>
V 5-22
$172; .6-15
6-23
77 5-21
(quar.)
Works com.
Gear
convertible
Barber-Ellis 'of
V.5-20.
-6-10
$1%
549.;,
•
6-23 '
36- 1
(new),
.
6-20'
,
1
50c:
50c
Co.
$i.65
Bank
7
;
6-30
f 6-30
5-25
Bank
5-20
*6-1
<•
:
Equities of Canada—,
6
$1
50C
;
6-15:
5-25
..440c; .5-30
United
7-
$2.25
3"; $3
1
Association,
5-25;
•■
41%C
_______
United Gas & Electric Corp.,
6-20?
,
1
Bank
;3 5-25 :*
4 58 7s c 4
—
1—___ir"
class
9 ;
6
6-
Baltimore
6-20,
h'- 5-29.
Products—
Ltd.,
5-
7-
6-
"
5-23
r;;
(reduced)___—
(quar.)
9
1
;
75c
; Monthly
5-22
/ ' 25c
(monthly)—:——" 4
preferred (quar.)
5-
6-
75c
75c
6-20
'6-30
.
35c
(monthly)—
-.
Toronto Elevators, 5Vt%. preferred /quar.)—;
1
f4c
Avondale
6-16
7-1
-
: i5c
(quar.)——___
preferred
1*.
6-
3:, 15C
:
5-22 ;
6-10
175c
;
'3
5-29.,
7-
—
—
,
8
3, 5-29
6-15
.
5-
.
75C
Co.. (reduced) __—____—:
.
6-15
1
6-
25C
common.
1 •*
* 6-1
J15C
f
■
•
v.;
50c-
(quar.)—*4
4
•'•"" 7-
'
50c :
•
(quar,)
Insurance Corp. of St. Louis—
Toledo Edison Co., 5% preferred (monthly)
6%
50c
:>:■
Company—
Refining
Autocar
.5-20
T $1%.
$178
/
common
1
Inc.
5-25
7 3 5-15.
1272c
Corp.,
Automotive
&
Ltd.,
6-
6-15
75-29
50c:
4 ;
.5-29f
1
67a preferred (quar.)
Aunor Gold Mines,,Ltd. (quar.)____—;—,
3 6-16
;• 6-1
.'$174
6-
9-
,12- 4.
6-20
25c
•
•
-j
pref, (s-a)
(reduced).._____
preferred
,3
12-15
$174
*
»;V: 6- 5
33 V >,v5
W
Topeka & Santa Fe Ry
Atlantic
6-15
■
6-30
SIM2
l!
Title
7%
common
5-21
•7 9-15
—_—__
<
7- 5-21.
6-15
ius.—-—_
Co., 5%
Works
Powder
Atlas
preferred
3.636-
$174
,
6-15
6-15
$1%
Corp., 7%
Atchison
5- 5
,
$1.40
Foundries.
6- 2
,
3
$174
preferred (quar.)___
Associated Dry Goods, 6 7a 1st pref. (quar.)
77a 2nd preferred.——
_______
Astor Financial Corp., 75c. 1st pref.
(s-a)_
5-1
-
5-15 4
$2
Co
Co.,
Steel
Thread
Metal
Artloom
~
Co.- (quar.)
Roofing
25C
$172'
-
3 5-I6
7.7-
t$l3/4
i*.
5-15
3 5-14*
7-
pref.
•
5-15
6-
3 50c
i—■;
„
6^15
.
20c
627aC
(quar.)———h—r
convertible
Atlas
Tennessee Corp.
Tllo
75C
—
"
5-29
6-30
3-7
convertible preferred
Oil
1
111., com. (quar.)
4
5-15
1
6-
—
4%
6-15
5-15
627aC
.
Elec., 57c pfd. (quar.)Spear & Co.* $5.50 1st pfd. (quar.)
$5.50 2nd preferred (quar.)———
—';
Spencer Kellogg & Sons———
(L.
6-
20c
6%
preferred (s-a)
_____—i
—Armstrong Cork Co., common (Interim)—_
(St. Louis)—-
Shenango Valley Water, 6% pfd.
Sontag Chain Store Co., Ltd.—
77c
preferred
(quar.)___—__•
Starrett
50c
_— •
(s-a)
7-13
1
(monthly)Dela.— :V
3
"
Assn.
(special)
non-cumulative
Stedman Brothers,
I
6-
Corp.
Arkansas-Missouri Power Corp., com.
Corp.—
Gas
6-
,
*
7-15
,
75c
'
9
36- 9
6-15-
$i78
.
(irregular)
(Los Angeles)—
interest
Southwestern
$174
iquar.)_—
3
76- 9
7-15
$17a
—
5-23 ;
<6-15.4 73 5-23
6-15
;.
6- 5
25C
Archer-Daniels-Midland
*
5-22
-
-
.
25c
•
(quar.)——i—4
Loan
36-15/
t35c
—_______
(s-a)
—
Holding
t30c
'
(quar.)___—
RR.
Remedial
11-25
'
__________
?' 3; Class B (reduced).,.
.•
Amoskeag Co., common (semi-annual)^—
58 73C* >>
5-20 3
6-:l^
4 25c <Xi; '0w-1-;-. •45-18 7 .47. $4.50,preferred (s-a)
..Arcade Cotton Mills, common
$172' 3.5-154 3 5- g
6% preferred (s-a)
'>
30c 3 6-30 *>6-20
r
—
8-25
12-1
VP4 5-20
6-
'
Co
1
$1%
62 &C
of
5-25 •;
6-1
9-
—.
.77a
American
6-5
376(7-53
3 6- 13
6- 1 3
6-15
$174
$174
(quar,)_—i.i__—
(American Tobacco,
5-20 /
6-1
50c
; 6-15
$3 pref. (quar.)—„
7%
5-11
5-21
'6-15
common—
Corp.
.•'>6713'
4 6-15
Radiator, & Standard Sanitary
-American
.
(reduCed)_i__-
Bank & Trust Co.
Beneficial
Security
Co.,
5-20
1
50c
(quar.)
pref. A
preferred (quar.)
,
•
7
'
preferred (quar.)_.
American Rolling Mill Co._____—
American Smelting & Refining Co
n
'
(quar,)^^
1—/
$1^44 7-1
7- 4
(quar.)_ii—_7—4 ■ -W '$17r '
preferred
Manufacturing
Francisco
Hoe
Products
preferred
6-
35c
_____—*—
Fork «&
9-15'.
12-15
6-15
$1
preferred A
American
* ? 5-29
v
12-31
50c
American Public Service
5-25 *
6-15
-
12-15
$174
—
preferred A (quar.)__i—
7%
7
v
'
1
2%c
5-23
f
"
6-15
7
<*
$1-747.;
(quar.)—— 7
1
3 5-
5-15
3
66-
'5-20
(quar.)—i—-4 t
4 fi-15
(quar.)_
Co., -7%
Insulator
-
V-30c"
i«6-26
7
25c
»
-■'6-15r«'
$25c;:
pfd.
common
preference
Second Natl.
5-15
6-15 3
$1 VB
Co.
prior
Rutland
6-12
v
6-15
:
5c■
•
-
♦
6-15,
9-30
■
25c
3 American Metal Co., Ltd., common—
: 6% preferred (quar.)—
_________
American Paper Goods, T/o
pref. (quar.)—
5-20
; 7% preferred (quar.)—___
5-22 '■J:
U
:;t 6- l
A
8
4 6-15
6-30
5-
9-30
—
conv.
5-29'
i
12-31
com.—_—
,
convertible preferred
672 7c
:
Envelope
preference
1
3 5-15
.
1
6-30
'
6-
$174
'"
67c
Russell
5-26
5-19
1
,•
1
25c
3
$174
.
Co
Insurance
Rich's, Inc.,
5-19
6-
t62y2c
.1
Machinery—.—
6-
6-20
25c
7r
.
50c
6-10
7- -1 - '•.
•
.
3c
Colorado
67c
•,
Rheem
5-15
50c
t31c
"
3
5-15
25c
Battery Co.
Oil Co.,
3 5-18
1
$1 (4
Corp.
Drug, $4.50 preferred
Keriyn
6-
$1 v« :
Municipal
of Hartford
1
6-15
4:3 c;
(Calif.) (quar.)
(interim)—.
Ltd.
Co., 5%
6-
3
50c
(quarTj*
75c
;4—
Co.
Home
3 4,5%
3; $2
5-28
6-15
6-15
6-
1
6-17
■
(St.
Co.
4,4.
—
American Investment Co. of
5-22
-
7-
1
6-25 C
$174
(initial)——4.
Cable Co.,
<474 Convertible prior preferred
IjJ-BC'!73 6-15 :r 735-29*
of
Republic Steel Corp.,
5-18
$iy8
(s-a)—II
I
~_I
Interstate Hosiery Mills
Katz
f
6-1
$1
Water, 6% pfd. (quar.) I
Indianapolis Water Co., com. class A____J_
5% preferred A (quar.).
~_I
K.
3 6-15
6-12
>
;
Security Co.
v'iyri
-4 4-23
•
6-12
25c
Home Fire & Marine Ins."Co.
Intertype
*
5-30
t$l'/2
Mining Co.
Heywood-Wakefield, 5% preferred B—'
Cigar
v
7-1
; 15-30
1
(Phila.)-^- '
Irregular
37 50c 3
Hecla
International
5-18
15C
__
(quar.)„___3
National
Bank
6-10
1
$1
—
Industrial
1
$174
Barbshaw Chemical, 4V2% conv.
pfd.
Hard Rock Gold Mines (interim)
Illinois
5
5-26
6-
40c
(reduced)
v
Hancock Oil
Power
5-
1
3 7•;
preferred.
Mines,
5-15
6-
1
5'
..$2^ '16-15
;
Insurance
Mfg. Co.
American
..
6-10 >
1
7-20
'
(quar.)
American
-.
8
6-
.
10c V
.
-
Co.
Bit
■w 5-18
4 5-29 4
pfd.
$6
Mill
Roller
Reliance
iv
5
35c
Reed
6-20
5-
$2C
$
Bakeries Corp.___——4:_—_—
Quisett
in
(quar.)
Howey Gold
•:3
-
Paper
HEaaois-Iowa
6-30
5-15
(quar.)__
Paper Co., common——.
preferred (quar.)_
Harrison
6-20
5
(interim)
Engineering Works (reduced)
Baxeltine Corp.
6-30
6-
Hammermill
B
6-20
12yac
Great Northern Ry. Co.,
preferred-—
Green Mountain Power, $6
Class
6-30
•
(N, Y.)
Great Atlantic & Pacific
Tea, com.
Great
6-20
,
Co.
Mining Co., Ltd.
Great
6-30
T/o'
5-15
6-15
,
Service,
1
7-
"
——
•
6-10'
-7-
50C
-__u
$2.50 preferred (quar,)
$2 preferred (quar.)—
.;*
6-15
15c
preferred '• (monthly)—t
preferred (monthly)
_4_—_4—7
preferred (monthly)—
4
67c
6-20
$174
(quar.)
stock
common
Glens Falls Insurance
1
6-30
Service
5%
36-15
60c
participating preferred (quar.)—
Industries, 5% preferred (quar.)_
Box Co.
(quar.)_
3;
General Shareholdings, $6 conv.
pfd
472 %
:
Fran-
;
Drug Co.,
6-
1
6%C
:
General
7%
7-
5c
(quar.)
Public
Purity
Gar Wood
Gold
1
3 336-437 -5-15
$1
—__
Co., 5%
Investing Co.
5
6-
5-15
1^3
15C
7%
,
6-
6-10
37'/ac
;
Gamble
J.
5-15
6-10
v
7- I
15c
—
6-26
IV
$174
American General Corp.,
5-18
'5-l&v 7'5-
$1
Cashable;■■ stock;..
Original stock
(Bait.)-—
Indemnity Co.
&
Finance
6-
$15c '
•
(resumed)
Public
3
6-
50c
(quar.)
Fund
Procter
Co.
1
9-21
2
6-1
.7-
.
$17a-
4
i
preferred (quar.)—
'/American Furniture Co., T/o pfd.
•
7-
$$2
—
—_
&
Chicle
American
v.
5-20
•
.
6-20 •
'
10-1
$174'
,—__—
__
preferred
$7
'
.
;
6-
$3727.
—
::
5-20
7- 1
437<c
:—
,
;
4 5-20
1
6-
$$1-74
—_■>,
(liquidating)
'
t50c
>
Mining
6-~ 1
:
.
$15c
(quar.)
(quar.)—
Public
7-3
15C
America
Polaris
5-21
7-15
50c
preferred (quar.)
Fireman's
Gallaher
5
6-20
preferred
10c
t
6-15 V
12-19
*
'
5-25"
1
6-
25c
____
Chain
5-20
5-20
6-15
5-12
12-29
15c
6%
377aC
Development, Ltd. (reduced)-c,——j.
Pneumatic
Scale, Ltd.
4
4-20
7-15
(quar.)
■-.f:"- Extra.
572 %
6-
1
7
Placer
6-5
,
5C
B
Cisco)
6-
■
77c
1
337- 2
$iya
$1 Va.
______
(quar.)___—
American & Foreign Power Co.—
$6 preferred
i
227sc
Pittsburgh Plate Glass Co.—
Pittsburgh Youngstown & Ashtabula Ry.—
1
33433
33/ Extra
-
3-
4-30
$3'/a
;
__
Co.
Class A
Class
7-1
25c
_____■
Finance
6-
6-
50c
4$1%
.
—
25c
Co.
preferred
; 3 7%
7737%
5-20
v
6-15
5-15 *
•
50c
Central
5%
Extra
5-12
r
6-1
50c
common-—
(quar.)
(quar.)
American
5-20
1
6-
;
5-30
(quar.)
American
;
5-19
•6-1
587aC
Dredging, Ltd.—
pfd. .(initial)
472%
1;
6-.
41%c
(quar.)—/
(quar.)___
Louis)
5-18
-
>6-'l
$178
•V
(quar.)
Corp. (irregular).—
Philco Corporation
(reduced)—
Pittsburgh & Lake Erie RR. (reduced)
5-26
1
25C
—
(quar.)_
7-
$iya
____'
common
-
$lJ/4
$$174
(liquidating)
common
Gold
5-25
6y4c
(quar.) (payable In U. S. funds)
Manufacturers, common
(quar.)
American
5
■
6-29
:
(quar.)
—
Ltd., common (quar.)
Arch
American
5
6-
(quar.)
20c
»-■
(quar.)—__
pref.
preferred (quar.).
American
.
(Los Angeles)
Telephone,
C 6-
-6-10
$17
—__
Petrolite
5-26
■
6-15
t$lVi
l_3_.334;•
Fanny Farmer Candy Shops
Fifth & "B" Corp
preferred
Peoples
6-20
6-15
.
(quar.)
of Rec.
6-12
->3'
.
pref.iquar.)
$6 pref.
/i American 4 Automobile
6-16
1
4 6-10
—
Industries
Common
•
(Wise.)—
preferred
Consolidated
5-22
1
6-15
V.
37Vic
3
6% 2nd preferred (s-a)
Empire Power Corp., $6 preferred
$2.25 participating stock—
Fiber, Coe & Gregg, Inc. (quar.)
•
57c
5-20
1
Co.
Co.
(Maine>
convertible
Palisades Corp.
5-15
.
____________
Ey & Walker Dry Goods,
7% 1st preferred (s-a)
7-
$lMs
____
preferred .'(quar.)
Stop Nut__
6-
RR.
(monthly)
Co.
>7-
'mvz
t$27a ■:
Ottawa Light Heat & Power, common
7-15
3 6-10 3
37>/aC
common—
common
3
1
5-29
1
.
Holders
<quar.)_—:'i
A
Common
-
Vv
When
Payable
$1
337% preferred (quar.)
4 5-14
6-
60c'
(quar.)l_^—_——_;l_7
Corp.'—j
B'Gosh, Inc.,
$1.50
Pato
(quar.i
Kodak. Co.,
Oshkosh
5-29
Co.
Car
preferred
5-29
4-
25C
__
6%
5-15
6-15
5-28
—
pref.
-7 Vo
.
35-143
6-
5
25c
$134
Service
Water
.Aluminum
<
6-12
:
Flour
5-15
3
2
5-29
5-25
share
/;
;
.
(quar.)—
3-7% preferred (quar.)—
17 477-18 *
7'5r2b3
preferred
1
6-15
7-
.3
-
67o
•>
8.
7-
>
r_—
preferred A
Old Dominion
6-
-5-20
:
<
Corporation (quar.)
Standard Engineering Co. (irregular)-
Aluminium,
-
6-
(quar.)___—
J.)
6- 1
$2 7
$1 (4
Chemicals,
8
1
1
Mfg. Co.
D.)
9: Aluminum
5-21
; 5-
6-15
:
7
25c J
(quar.)
Mills, 7% preferred (quar.)_i
Ohio Power, 4727c preferred (quar.)___— 7
Ohio Public Service, Co., 57« pfd. (monthly)'
T/o
preferred (monthly)
5-20
'25C
(quar.)
—_
■,3 .$%
1
3/7
Eastern Massachusetts Street
Ry.—
6% 1st preferredi_-
Eastman
6-
(J.
Pennsylvania
Ogilvie
5-27
25c
!_
(quar.)__
preferred
6-
6-10
J
5
6-
410c
i:
preferred (quar.)—i
Alpha Portland Cement——
4
4-30
27'^C
1st preferred B
5%.
5-15
1
6-
week, these being given in the
-5%
'
4
4
•S.c
.1—:
Northern States Power
5-25
6-
$173
•
(quar.)
&
6-15
1st
North
1
5-29
6-29
;
(reduced)—
common
7:
7.6-
$114
Dun & Bradstreet, Inc., common (reduced)
$6 preferred
(quar.)_
——;
6%
6-15
30c <•"
„
Dominguez Oil Fields (monthly)
Plastics
6-15
25C
Dominion Foundries & Steel, Ltd.—
6% preferred <quar.)__
1
Durez
-$6
,
.
(quar.)
Corp.,
preferred
5-21
73:
(quar.)_
Distillers Corp.-Seagrams, Ltd., com.
<
6-25
_■_
of
preferred
Co.
preferred
$6
3.'
(reduced)
(quar.)—_.
Dayton Power & Light, 4»/2%
Devonian
5-22
J15C
(irreg.)_
Co.
Co.
convertible
".(• 8%
6-10
(quar.)
Dredging,. Ltd.
Continental Can Co., Inc., common
Crucible
Newberry
North American
•
(interim)—
Congoleum-Nairn, Inc.
Consolidated
5-22
30C
6-10
25c
iquar!)__—
Co.
Allied Stores Corp.
.
8-
—
common—
(J.
Class
'
*
75C
•*
_i4-—'
(quar.)
class B
preferred
5-22
3
Ltd.
T/o
-
6- 533
3, 6- 5
30C
v
9
The list does not include divi¬
paid.
this
Special
V5-3I
^ 5rl5
50c
.
6-13
5-156-
■
Company
•' Common
.
r
5-12
$1%
y.
33
$l'/i
(quar.)
—;
—
Wood Preserving, Ltd.—; *
$$1%
preferred (quar.)—
$174
Allegheny Ludlum Steel, 7% pref. (quar.)—,
25c
Allied Products Corp.,. common
(quar.)____
'
5-25
-
50c
;
<
—
(quar.)
common
Quarterly
5-14
5-
1
20c
-3/
v7%
7 5-22
>
6-15 j
50c
(quar.)_
25C
3.
—
Columbian Carbon Co.
3
1
5-20
6-
Alberta
3
5-30
1
6-
4
$3
'.
Racing Association
42c
Columbia Broadcasting System, class A
•
C-
1
5-15
44 Preferred
-
•
Finance
6-
lc
$iya
(quar.)
Super Markets, Inc.
Preferred
(quar.)
'
-
6-20
«
*75c
(reduced)
—'
Mines
Albers
5-20 4
-6-20
7" 5-20
1
6-
:
-
5-20 i-
-
$17a ,;
—
(s-a)——
Gummed
Natomas
5-23
6-15
Tool
5-20
•h
7r-L-
,
$17v.
7?
(quar.)—_i_—
(resumed)'-^
It
6-
•>
:
7-
•
National Life & Accident Insurance Tenn.)—
6-13
6-27
$iJ/2.
common,__,_______—
Colonial
$3
3 6-13
<
3 6-27
(quar.)—_-----
Coast Counties Gas &
Narragansett
8
Class
.
Ltd.
$17a
:. 4 .: - $17
;• 5-20 7
6-1
$3.50 preferred (quar.)^._
8772c,
Mortgage Co. iquar.)—' *31j/4C* ;;
Morrison Cafeterias Consolidated, Inc.— -^
Irregular
4
: H $174
*
_ _
4
.
>
17
Chemical,
1
6-
$1
—
■ (quar.),
City Ice & Fuel Co.,
1
50c
—
give the dividends announced in previous
we
Steel
Alabama
1 ■■>
6-
..
Montreal Loan &
,/ 3 6-20
5-15
f75c
(quar.)
$6
'
40c
$3 convertible preferred
Power & Light
Mills
5-15
(Kansas
.
Flexible
Service
B
Monarch
5-11 7
7-
$1% 3.
(quar.)
Co.
(quar.)
Chicago Corp.,
Cities
pfd.
Insurance
preferred
Machine
6-: 133
5-15
(quar.)
Agnew-Surpass Shoe Stores, 7%
6-
•SIT*
A. (quar.)^
Monroe
7*
$174
1
Per
5-25
$1.27 7a4
4 $178.' %
i.
preferred
Monarch
-i"1
„
6-
(monthly)
;33v'3 Name of Company
1
1
.%•
—
1%
Models. Oils,
5-22
__
Arkansas Public Service
preferred (quar.7
7%
1;
$iya
6-1
3 6-
1
25c
(1%. preferred (quar.)
—
i—
Mississippi Valley Public Service, common
5-11
$1, ; 3: 5-22
1
5-
'
7-
(quar.)___^
(quar.)
67o
preferred——_____
5-
1
10c
preferred (quar.)_^^_-_;^——
5-15
.
5-12
5-15
5-15
Co.-r-
RR.
preferred
7%
preceding table.
1
$1%
(quar.)
preferred (quar.)__;
6-
6-15
10c
1
6-
.
6-
(reduced).—
7
6-
6-
1
10c
Hart, $1
7
$$l»/a
50c
'•',.3 10c
guaranteed (s-a)____;__
Supply Co. (quar.)
announced
dends
1
$l3/4
Corp.______
prior pfd.
Minneapolis Gas Light—
&
(quar.)_—
second preferred———
15%
Central
.
Light
Gas,
preferred
6%
5
'
$iya
43
prior preferred (quar.)_—
Michigan Consolidated Gas, 6% pfd.
;
6-
1
—
weeks and not yet
5-20
1
6-
6-10
35c
(quar.)
$7
5-26
5-15
5-217
—■
Wright-Hargreaves
1-4312-20
'■1'. 1,
$5 pfd.
5-
1
6-12
6-
6-20
$iya
•'
1
6-
7-3X7:'
$134
Co.,
5-
6- 1 3
Auto
6-25
—-—
& Seashore
special
6-15
3iy4c
(quar.)__
Products
Western
6-15
$1(43 .v/7
(quar.)
Miller
6-
pfd.
conv.
Woolf Brothers,
6-30
Edison
6-10
7
5-20
5-23
$iy2
5-11
JlOc
^—__
1
5-23
7-1
6-15
J50C
(quar.)
(accumulated)-—
6-
25c
62yac
l—
7- 5-14
13
6-
7-
$6
>v-
Canadian International Investment Trust—
3
5-20
6% preferred (quar.)____
V/illson Products, Inc.
(quar.)
Woodward Governor Co. (quar,)__—
$l3/4
Middle
1
1
Wheeling Electric,
;
5-15
f37'/ac 3
(quar.)
6-
6-10
3
43c
^__
$20
(liquidating)—
(irregular)__
$1.25
Westgate Greenland Oil
'
Buzza
50c
5-29
25c'
—
—
$1%
(quar.)
5-22
'
6-10
K
5%
V
—
:__
6-10
-
Jersey
1
6-20
-
Mills
Screw
Extra
1
5-
1
10c
convertible preferred.
$1
5-20
2
63
$iya
7-
t80c
A__^
(final)
Rec,
(quar.)
$2
preferred
West
$iy4
5-30
2
6-15
(quar.)
7-18
f$l'/2
1
y4c
participating preference (quar.)
Corp., common (irregular)
preferred (quar.)
Micromatic
____
7-
1
$7 cumulative preferred
1
}40c
Wayne
& Thermit
T/o
Brazilian
Traction, Light & Power—
Ordinary shares (interim)
Wamsutta
5-21
5-20
6-
$6 cumulative preferred
7
50c
5-21
1
—■
Corp.—
Metropolitan
5-15
______
(s-a)
Vultee
t$2l/a
$3.25
5-29
Co
5-22
Communication
____——
Textile
Metal
6
6-15
6-10
2
:i—3^3-7
Quarterly
5-29
5-
3, $2
__
Co.
6-15
5-13
Dep.
Virginian
6-
—_
,
Marine
Amer.
Victor
5-23
6-
Quarterly
6-15
50c
'
Consolidated———
Corp., common
5-23
Aircraft,
6-
$1%
r
•
6-13
Railway
of Rec.
5-
——
6-15
Equipment,
Holders
6-15
(St. Louis)
Metal
6-15
2
;
Borne-Scrymser Co.
Boss Manufacturing Co._____
Boston
2
(interim)
City Mfg. Co
Boston
77-
(quar.)___
5-29
30C
Ltd. (quar.)
5-18
tn
(quar.)__________
Mines, Ltd.
1
Co.___
preferred
Quarterly
3
preferred
7%
(reduced)
Co.
When
Payable
33 ■ 7 '
,
$iya
3 6-27
4$2
7
'■
.
Per
share
f
(quar.)
preferred
Valley Mold & Iron Corp., common
$5.50 prior preference (quar.)_
$l3/4
McKenzie Red Lake Gold Mines,
3
6-
6-
(quar.)
common
;
Upson-Walton
5
6-
6%
15c
3
—
Mercantile-Commerce Bk. & Tr,
6-15
6-
6-30
V/2C
—________
1_.
Co._
Mfg,
6»/4C
—__—___
(quar.)
Belding-Corticelli, Ltd.,
Ltd.,
Co.,
5-21
Investing, common (quar.)
National
preferred
(quar.)
(quar.)
common
Internat.
6-12
(quar.)_______
Tenn.
&
M.
M.
1
.
Bank of Nova
&
5-25
3
Sl'/a
W.)
Royalty
J.
7-
15c
_____
_______
of
—
50c
Light, 6% preferred (quar.)
Hydro-Electric Co.—
* ,H
Bankers
(C.
6-15
Potash,
14c '
(quar.)
preferred (quar.)____
20c
:
pfd.
Co., 6727* pfd. (accum.)
Long-Bell Lumber, $5 pfd. (ctfs. of ben. int.)
Ludlow Mfg. Associates—
5-20
(quar.)_
6%'; preferred (quar.)_____________
7%
7 c/o
Lindsay
5-
Atlanta Gas
preferred
Casualty Ins.
5-19
50c
S.
Universal Winding,
5-18
1
20c
(s-a)
___.
Co.
&
7.
U.
1
6-
'
;•■■
Name of Company
5-20
6-
$l3/4
:
Life
5-18
1
(quar.)___—
1--L
(irregular)
Co.
—
33,
of Rec.
1
6-12
20c
(quar.)_—
Inc.
partic.
1
7-
Machinery
& Foundry Co
Telephone, class A
$3
Corp.
Salt
6-
50c
& Co.,
Liberty Finance Co.,
6-15
6-
$1.1874
-
—_
Machine
Artloom
6%
5-26
preferred
Lincoln Stores, Inc.,
Extra
Anglo-Canadian
7%
6-12
7%
—'—
Co.
Roi
Leslie
6-15
40C
(quar.)
com.
(quar.)
Laundry
American
Bangor
1
$17a
(quar.)
Electric,
preferred
Arden
_
7-
Capital Corp.—
prior preferred
4% %
"
Le
of Rec.
15c
50c
Laboratories, Inc.
Stores,
Kuppenheimer (B.)
Holders
Per
Company
Allied
American
Payable
t$3ya
Key West Electric, 7% preferred A
Kleinert (I. B.) Rubber
:___
The dividends announced this week are:
American
When
share
Company
3/y
v
Holders
Per
Department" in the week when
declared.
Monday, May 18,. 1942
.
com;
•
s
,
$174
$174
5-23
6-1
$174
6-1
5-23
6-
5-11
,
..$17a.
1
7- 1
"
6-
5
Volume 155
Number 4073
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of
b'7c
preierred
Co.,
Inc.,
When
share
Company
Bigelow-Sanford Carpet
Payable
Holders
5-15
Crow's Nest Pass
Coal
$l'/2
'
(quar.)——_____—
6-
1
5-15'
Crown ZeLerbach
$lJ/4
6-
6-30
Ridge Corp., $d preferred
holders
at
l/32nd
Bohn
share
of
Aluminum
Company
Boston
Woven
Breweries
Extra
&
in
stock
Rubber
Casket
Distillers
—■
Shoe
Bruck
Silk
Co., Inc.
Mills,
t
$5
Buell
Machine
Inc.
Hill
trating
Bunte
Co.
Bros.,
Co.
1
/
pref.
6-
50c
1
6-
$1%
6-
50c
.
5-
56-
i
!
7%
Detroit
5-15
Detroit Hillsdale
1
5-12
6-
•Semi-annual
25C
1
5-
$iy4
6-
1
5-25
35c
________
6-
1
Brothers,
5%
convertible
Byers
•'
common
(A.
/ 7%
M.)
(irregular)
preierred
6-
1
5-15
68H4C
6-
1
15c
6-
5
37 Vac
_
Foundries
&
_______
Canada
Breweries,
dividend
rate
from
$3
$3.40
stock
6-15
6-1
*37y2c
6-15
6-
6-15
t$l
&
Co., Inc.,
$2
A
6%
$6
Central
$7
*
prior
lien
prior
lien
'
7-15
V
6-
7.
preferred
> 6%
preferred
Oil
preferred
preferred
Shore
preierred
5-20;
El Paso Natural
6-
1
/
7
7'7c
4-15
6-30
6-30
25c /
6-
1
5-15
7-
1
6-24
$2 ;
50c
6-28
/, 5-29 ■':;■
1 A'''
5-20
6-
$1'4
6-3
5-20
6-15
;
5-15
6-15
preferred
'
<
:v
$5
5-15
(quar.)
6-20
6-20
7
$1%
__
'/ i';"
(quar.)..
25c /
75C
l
f:
6-12
%
.6" 4
8-
77*1 &7
_______
6%
N.
:7725c
Y.)
A1
10-19
4
•
5%
5-20
Federal
6-16
Federal Light &
75- 8
Wi $l
_____
6-13
Grain,
Federal
/ Federal
7545/
Screw
Ferro Enamel
>
v/
5-11
Financial
5-11
6-15
5-28
6-15
i-
/; 6-20 /
5-20
5-20
•
6-1
Aikman
Corp.—
convertible
Ice
Co.,
preferred
(quar.)__:^—_-.
$iy4
.
(irregular
preferred
Fuel
(quar.)
.Commoil,. Ltd.
Amusement—
1
6-20
1
6-20
1
5-20
"
>
Assurance
5-25
5-15
6-30
6-15
:-.50e A
6-15
t$3
6-15
1
(quar.).
$iy2
6-
1
Cigar Corp., 7% pref. (quar.)
Coppermines Corp. (irregular)
$1%
6-
1
6%
pref.
(quar,)...—
ioc,
preferred
Extra
Crown
(accum.)__*
—
____
preferred
(quar.)
;
$2.25 preferred
'.
5-15
5-15*
"f 5-19;
(accum.)__
:6- 1
6-15
5-30
40c
6-15
5-
$2
7-
1
6-15
'$2
10-
1
9-15
8
25c
5-20
5-
20c
6-
1
5-20
6-
1
5-20
5
l$l3/4
6-
$iy»
1
5-15
6-
6-15
1
6-
1
5-11
6-15
5-29
6-15
5-29
Co., Inc.—
6-
56V4c
*
^6-15
i..,
5-29*
1
5-15
$UA
6-
1
5-12
30c
6-
1
4-30
SUA
6-
1
5-11.
$13A
6-
1
5-11
$2
lines)
;
7-
1
—
(irregular) _7
Industries
25c
(ord.)
(final)(Toronto)—
a
Co.
t$334
:
6-
1
5-20"
6-
1
5-20
6-
1
5-20
Bank
(Chicago)—
7
pref.
Ocean
Products
Silver
Emil)
Creamery
5-15
Koehring
5-15*
Kress
6-5
Co.,
&
first
5-13
7%
5-15
6-25
6-30 7/v 6-23
6- 1
/ Lake Superior District
6
6-
5
6-
1
5-22
5-22
5-11'
7-
6-15
1
6-
1
6-
1
5-10*
5-10*
5-20
5-
1
t$l»4
5-25
5-
8
7-
1
6-20
8c
5-20
■/ 4-30
15c
5-25
5-15
25c
?.
50c
,7:
5-29
40c
7
,6-13
6-13
5-20
50c
(quar.)
5-15
6-
1.'
5-
$l'/2
7-
1
6-17
$134
_______
6-10
50c
6-
;
15c
7
6-30
8-
1
7-19
8
6-12
6-
2
5-20
5-
9
1 7-
1
lo-
i
9-22
1-1-43
12-24
6-22
Power Co.—
6-
7
7%
Lamaque Gold Mines, Ltd.
conv;
Corp.,
Common /
Motors
pref. -A
9-
12-1
11-20
7%
6-1
5-15
Lane
87y2c
7
'
6-20
J25c
6-20
5-30
5c
5-26
."'■7 5-15
t:
7
;
Art
$2%
7
1
5-30
9-
6-
1
5-15
-
7/6-4:
35c
'
6'v
5-20
7:i 5-20
;
1
7-
1
6-
:
7 $13A
75c
1
•
6-
\
5-15
;;
e-1
1 y'V. 5-16
6-15
25c
5-25
30c
pref.-(quar.)
,■
7
50c
5-15
■7
6-12
1
5-
6-
1
5-
8
11-16
11-
5
5
5-20
25c
________.
—_7.
_
$1%
$1%
(quar.)—
7__
:
$1%
(quar.)
•
6-
•6-5
9-15
9-
5
12-15
v
12-
5
25c
6-
1
5-15
5-25
5-15
(reducedF-——
Co.
15c
6-15
150c
6-11
7%
convertible
(accum.)—
150c
9-11
9-
2
7%
convertible preference
(accum.
150c
12-11
12-
2
25c
5-29
Ltd.—
■rA-\
5-27
../.a:—/.;'/'
■'//,
-
'
i'
preference
Lanston Monotype Machine
(quar.)——_
,»i Laura Secord Candy Stores (quar.)
Leath & Co., common--—____—___
V120C
/
6-
Z
5-19
6-
1
5-15
10c
7-
1
6-15
62Vac
7-
1
6-15
25C
6-
5
5-20
$1
5-14
preferred
$2.50
Lee
(H. D.)
Lehigh Portland Cement, 4%
//•/ $4.50
pref.
conv.
Tourneau
6
8
8
Class
7-
1
6-13
6-
1
5-
9
6-
1
5-
9
6-
1
7-
1
Lincoln
'
■•■/
v$lVi7.
50c
$13A
5-11-
25c
6-
75C
6-
1
5-12
75c
,.
:
6-15
40c
6-
1
5-12
1
5-29
5-
1
Natl, Life Ins. Co. ^Ft. Wayne)—
7-
1
6-20
Extra
1
5-20
Extra
r__.
—
—-—
30c
8-
1
77-25
30c
11-
1
10-26
50c
6-
1
5-
$1V«
7-
1
6-15'
■
___!—
:v
'
7-1"
Gorham
preferred .''(quar-.)
Manufacturing Co-.
Gossard
(H. W.)
Granby
Consolidated
7 Power
Co., Ltd;
conv.
6-10
5-29
6-15
5-15
$UA
6-15
50c
6-15
v
"
Co:
6-30
■Link
Belt
Co., common (quar.)___r—
6"M2% preferred (quar.)_/—___—________
Lion Match Co.; com. (irregular)
;—_
Suecial
Grand
'
5-15
6-
1
Lionel
Little
Corp.
Miami
'6-
1
(quar.)_
Original
6-
& Ind-'ana
Greenfield
Tao
Rv.
Indemnity
&
''
6-
Die/$6 pref.
5c
1
6-10
6-15
5-20
$3
(irregular)^.
6-25
Western-Breweries Co.—
5 y> %
convertible preferred
Gulf Insurance Co. (Dallas,
Hajoca Corp.,
$6
6%
(quar.)
Special
6-15
v
1
34%C
Texas^l__i__r
"
6-
1
7-
1
1-10
preferred
M7;
(quar.)__^
a-
$1 Mr
B
.7
class A
——-
5-15
3-25
9-10
8-24
11-24
50c
6-10
3-25
_
'•
50c
9-10
50c
—_
12-10
8-24
11-24'
25c
6-
1
5-
9
12 %c
6-
1
5-
9
25c
6-
1
5-
9
6-
1
5-
9
(quar.)__
—
(quar.)
Lock Joint Pipe Co., common
6-20
$iy2
6-10
12-10
12V?c
Extra
'
pref.<(ouar.).i:
8
$1.10
(quar.)—
Grocerterias Ltd.,
5-
$1.10
—
5-18
25c
(quar.)—
Class
,
_______
guaranteed
guaranteed
Loblaw
6-
5-29
$1.10
—_
—
capital (quar.)..
guaranteed (quar.)—
Special
5-15
6-20
$2
-
(s-a)
Special
5-15
10c
(s-a)
(N. Y.)
1
6-
•
(quar.)_
;
6-20
15c
Co.—
capital
Original
5-14
■
50c
(auar.)
RR.
; Original capital
25c
Mining, Smelting &
(quar) (payable in U. S.
_J.7i7_Ji_'____!^7-^_l_il7-7
Rapids
8
'
•
,
77':
preferred
(R.
(reduced).
B
;
(quar.)__
Ltd.
(quar.)
G.),-Inc^ (quar.)
Lexington Water Co. 7% pref. (quar.)_____
Libbey-Owens-Ford Glass Co.__—
Life Savers Corp." (quar.) __________—_
Liggett & Myers Tobacco, common (reduced)
Le
5"■
(quar.)__—
7___—_
Mercantile Co. (quar.)
Leitch Gold Mines,
6-
■-
Publishing, 7% pref. (quar.) A 7: $I3A
Gold & Stock
Telegraph (quar.)
:
$U/2
Golden Cycle Corp._i
: 50c
Goodyear Tire & Rubber common_:.^i7.. '
37y2c
6-15
6-15
$i34
________■■■
' ./
(accum.)___
7%
5-
-
7-15
'
Globe-Democrat
8
convertible preference
;
7-
"•: • 5-20 ;
$2
•
5-15
7:8-1
}28c
•
5-12
•
5-25
7'
50c
SUA
4S13A
Wells
Lane
/ Langley's,
6-20
6-15
$1%
>
(quar,)7—
6-
15c
1
133Ac
(s-a)__'
(qiiar.)__i^^i^^i.^ii____i
UOc
^
—
50c
8-20
'645
SUA
-
■
Co.
5-15
5-15
'
5-30
'
50c
common^i^.i^./-- 4
Georgia RR. & Banking Co.
1
1
-
(quar.)
(quar.)__
Bryant, Inc.
5-15
66-
••'/■;»
5-15
6- 1
425c
-
'<
Participating
7%
8-20
$13A
.;
preferred
preferred
preferred
5-20
7
1
17'AC
B
Corp.,
(quar.)
(quar.) '
Common
pref- (quar.) _-___ A
(quar.)____^^_7 •/
5%
(interim)
—
•
1
6-
t30c
t$l3A
(quar.)—
Landis Machine Co.—
6-1
12'Ac
(quar.)w_i
preferred
f;/' ■ Extra ■''7——:—
5-20
$1'A
of
'
(initial).
common^-^^j^.:.-
preferred (quar.)
——__7—_
the Woods Milling Co., Ltd., com._'
Lake
6-20
1 7
■7
1
1
5-15
:767'i-
23c
5%
1
6-
6-
6-10
6-10
$1%
.U'
_
$5
.
5-20
15c
Kresge (S. S.) Co. (quar.)———
30c
La Salle Wines & Champagne (irregular)
'..n,; 15c
Laclede-Christy Clay Products Co.—
-V
''
6% preferred
(quar.)
,:
$l'/2
6% preferred (quar.)
:_______■
$iy2
6% preferred (quar.)
$1 Va
5-13
1
6-
5-25
$iy2
second
5-31
5-25
1
6-20
$1.68
—__
& Baking Co., com.
preferred (quar.)—
preferred
(quar.)_
6%
5-
6-
87 VaC
______
Kroger Grocery
1
6-5
5-25
5c
(quar.)
(quar.)
9
7-18
..
pref.
5-
10-17
..
common—
preferred
11-10
$l34
(quar.)
_______
H.)
special
1
1
______
$0.60
Co.
(S.
6%
8-10
12-
2
(quar.)___
Co.,
1
8-
pref. (quar.)
conv.
Co., common
Fund
1
$1
Knudsen
(D.
1
69-
25c
6-13
6-10
5-12
6-
11-
Co.___
Knickerbocker
7-1
5-15
$1.06 Va
—__________
6-1
/
6-30
1
$1.06 Vt
(irregular)
6-13
1
6-1
1
6-
40c
(quar.)—_7_i_77
Manufacturing Co. (irregular)_____
6-15
6-
6-30
$1V4
preferred
&
■;
5
7-
8c
___
Klein
5-25
5-
$1
9-11
6-15
1
30c
(quar.)
(quar.)
Participating
Kentucky Utilities, 7% junior pref. (quar.)
Kinney (G. R.) Co., $5 prior preferred-.—
5c
6-
30c
common
6-11
6-20
5-15
50c
—
Co. vtc.
Kendall Co., $6 partic. pref. A
5-25
1
25c
_______
9-15
.6-15 :7>6-
6-
$1V2
Corp._______„_/___
Co.
5-n
/
Ltd.-—
(quar.)
Tea
Justrite
12-15
1
5
1
$i%
(quar.)__
7
Telegraph
Keith-Albee-Orpheum, 7%
6-
5
6-
6-15
6-
$i
6-15
6-30
6-
$ll/8
Company
:7!?
6-15
$iy2
(Julius)
6-30
6-30
$1
Kaynee
10- 1 "7
9-30
12-31
12V2C
Kayser
7- 1
1
37 M2C
5-15
7
2
(quar.)
9-16
9-30
710-
t$334
preferred (quar.)
Welfare Ass'n.
<quar,)_
5-15
6-30
5-11*
4-21/
1-2-43
t$334
com.
6-11
5-25
7-7
a5%
'
1
l
2c
iquar.)____
(Chic.3 (quar.I
preferred
7% preferred
Gulf Power Co..
__iL—__
6-
5-29
'710-
Dredge & Dock Co.—
$5 preferred (quar.)
General Steel Wares, Ltd.,-7%
Griesedieck
25c
25c
(quar.)__^—
'
15c
;______
(quar.)^^^^__^
Bottlers, 55c.-
Great American
87y2c
8%c
Mines Co., Ltd.
(irreg.)
Knittirig Mills, 5% pref. (quar.)_'
Co., Inc., com. (quar.)
(reduced)
4(4%
preferred (quar.)
Jewel
f$2
■
Gibson
(quar.)__
Janteen
9
25c
pref. (quar.)
American Corp. (quar-.)^_-iy-_-_iiiir-.
preferred
'General
5-15
Mountain
7
5-
1
——
Cork & Seal
5-
5-15
Island
5-
15c
preferred (quar.)
America, Inc.—
convertible
5■
5
$1
Company, 5%
Petroleum
5-
137 y2c
■"■■'.
(quar.)___j_
Corrugated Paper Box Co., Ltd.—-
11-20
12-18
'
"
preferred
$3.50
■
1
Power,
6%
9-25
12-24
6-
...1.
(quar.)
Creole
9-30
>!
(quar.)___
1
6-U
7*1^
-
Co.v 7%
/General Finance
6-25
12-31
6-
preferred
of
6-30
1
(s-a)
Fireman Mfg.
Quarterly
5-18
25c
i
55c
62V2C
(quar.)
Co.
Container Corp. of America-..—
Cook Paint & Varnish, common
(quar.)_!
7%
Trailer;
Brush
General Cigar,
5-26
6-
30c
Iron
(Syracuse,
Brewing Co. of Mich,
convertible
General
5-22
/V
1
Power
12-
1
Consolidated Edison Co. (N. Y.) (quar.)__
Consolidated Retail Stores, 8% pref.
Crane
5%
45c
8-21
50c
;
Cons. Diversified Standard
Securities, Ltd.—
$2.50 non-cumulative preferred
(s-a)____
Creameries
(quar.)
Co/ (quar.)^
Sulphur Co.
Fruehauf
-Fuller
/ General
6-
preferred
1
i7y2c
Freeport
/
(Toronto)—
9-
17»/2C
5-14
■
5-21
preferred
preferred
5-28
(irregular)...
7-25
5-15
(quar.)__
Payable in U. S. Funds__
10-24
1
preferred
..
6-15
2
5-29
pref.
Harvester, 7%
International
1
2
6-
7%
25c
$iy4
7-
40c
Co._
/ International
8-
3c
•"
7/:-'Av 1
(quar.)
r
(quar;)__i^_x._x.x.^—
11•••'. 7%
(quar.)
Florida Power 1% pref. A
(qu^r.
'• '■ 7e/o
preferred (quar.)
Ford Motor Co. of Canada, cl.
A-(quar.)U--/1
;V-t Class B (quar:)_^_____s;i^^__i4i-^____
Fort Pitt
Brewing_r_
Fort Wayne & Jackson RR.-, 5V2% pref;
(s-a)
—
5-20
50c
International
Fitzsimmons Stores—
■
5-25
pref.
(leased
National
4
5-
11-
/ v 7%
.
Fox De LUxe
60c
Connecticut River
$4
5-20
6-
t$iy2
8%
5-19
7-
Quarterly
Consolidated
1
5-26
7-
Quarterly A
Consolidated
9
5-20
Connecticut Light & Pwr., $2.40 pref.
(quar.)
$2.20
6-
'
i$iv2
t$iy2
Connecticut
4
A 1.005c
participating preferred
5-29
15c
•
Confederation Life
^
6-
5-14
•
(Indianapolis)
'
k
5-28
"
(quar.)_.______i_.______./.
Community Public Service Co.—
8 %
6-
4-17
'%
5-15
t50c
International Nickel Co. of Canada,
"'•>4(4%
________
M;25c
preferred
Confederation
6-30
6-15
37y2C
partic.
International
5-15
:■!*'■«,■.•;
.f..
7::
Inc.
1
15c
(quar.)___.
partic.
RR.
Public
Steel
50c
/
;
pref.
Quarterly
6-1
.
(irregular)
Commonwealth Loan Co.
/:
Inland
5-21
5-29 ■■k:4 5- 4
75c
-
6
6-
(quar.)
Ingersdll-Rand Co.
6- 1
$1*A
Pawners Society
(M.: H. )
62y2C '
Iron—
&
6-18
!■ 7 6-15 v.
25C
.—
Special.....—.
.
Fitz Simons & Connell
$iy2
Stores/Inc., common
preferred A (quar.)
5%
Fishman
6-12
$i%
(quar..).i.—.-__—
Colonial
Colorado
6-12
••"$iy2
*-$6 preferred B (quar.
5%
First State
6-12
V
-.
common
(quar.)
Co.
5-
6-15
//:!'■ 4 V2 '7c preferred
5-11
6-20
1
6-
•
Ins.
5-20
Common
6-30 '■7 : 6-12
25c
:7-
t25c
12 '/2c
$1,061/4
•7
5-25
25c
6-12
7
Industrial
5-15
7 7- r
5-16
f5c
55c
(monthly)
(monthly)
Assurance
conv.
25c
/
1
1
common
5-11
1
by
B
X V/7
7-
(quar.)
Class
1
6-16
'
1
:.7": $3
preferred
1
6-
(initial quar.)_i.
25c
(quar. )-_______i_i.______ / 77 25c
7-
7-
Cockshutt Plow Co., Ltd.__:;__.;__:.
$7
.
$1.50
6-
SUA
4
'
Rico
(quar.)-__j._
"i 7-
> ■1
•-;$5y2
S4i
SUA
5-11
(s-a_.
A
;
5-11
1 4-
common____
Colgate-Palmolive-Peet,
'
6-
:
30c
Extra
(
(quar.)^__^____:-_____._.
87(46
guaranteed (quar.)—_. :-fP 50c
Coca-Cola Company, common—
■__
75c
$3 class A
$l'/2
'6-
____________
Quarterly
;
Quarterly
.77
Imperial Varnish & Color Ltd.
Indianapolis
Rubber, 6-% pref, (quar.)
$u/2
First National Bank
(Chicago) (quar.)____-; 7 $2 Ma
Firsi National Bank (Jersey City) (quar.)__
7/ $1
First Security Corp.
(Ogden, Utah)—..
• '
Class A 'is-a)_i._/__-___f__'_7__l_____
'
50c
5-28
6-1
2c
5c
Registered stock
5 %
7
37'Ac
(quar.)
■/
5-11
Firestone-Tire &
75c
7
5-11
30c
$5 preferred
industrial Fund,-
if-
"
5-15
Quarterly - ________7____
7- 6
1
541
17'/2c
8-15,
6-
767*17
$lVi
1
Company
Life
1
10c
(quar.)
Fajardo
affiliate)
an
Zinc
1
Works
Inc.
6-
(resumed)
//Imperial Chemical
,
6-
Traction, $6 pref. (quar.)__ ;; ?,$iy2
Corporation_i;_^w--:_—___x._
25c
Corp.
Fidelity Fund;
30c
prior partic.
guaranteed
6-
/'/■' $1'
(s-a)_.
$11/4
7
Special
Colonial
:7
1
9-
■7/' $1 Va
Clayton Silver Mines (Initial)—
Cleary Hill Mines Co. (quar.)_A-;_.._-_A_:l__,
Collins &
1
1
$1»4
,
.
(quar.)___-____i__,__4_—
Cleveland & Pittsburgh RR.—
/ $4.25
5-15
6-
1
7 6- 1
$2Va
'
City of New Castle Water, 6% pref. (quar.)
City Water of Chattanooga; 5% pref. (quar.)
Equipment, common.—____
Class
•>■
$iy«
1
$iy4
common
Ltd., 6y2%
Mogul
6-15
2nd
Central
Illinois
6-19
6-
8-
$134
(s-a)_______^__:
preferred
5-26
1
1
7-
:■
$2y2
7-15
6-
7-
5-30
60c
(quar.)
: 25c
:
__
Porto
non-cum.
4%
(
Federal Bake Shops, common
7-20"
11- 2
75c
75c
—
5-20
1
12-17
$1.60
(s-a)_
;
declared
$5 preferred (quar.)
& Traders Life
50c
(quar.).
of
Farmers
6-12
1
Orleans)
Co
non-cum.
7%
f25c
<;
Growers • Asso.,
pi*eferred
7-
(New
C.)—,
$1%
________
p:;.Quarterly
'
$l'/2
__
Co.
dividend
7-21
50c
Bank
Mining Co.
$iy2
Co.. (quar.)_.;™_-u_-__^-
Fansteel Metallurgical,
» $5 preferred ■
(quar.)
,
'
:
:
5-11.
6-30".
:/ 7-
Sugar
'
!
:
5-20
7
Sugar
&
5-19
Ltd. (quar.)
Electrochemical Co.
Illinois
6
7-31
___________
$134
(quar.)
common
Falstaff Brewing Corp.,
7 5-29
1
6-
5-25
12-27
$2
(quar.)_
Morse
(Includes
5-29
'
.10-20
40c
_______
Fajardo
A
t$iy2 :
7: 7-21
10-
6-26
(N.Y.) 5jo pref. (quar.)
Light & Power Co., common...
Huntington Water 6%> pref. (quar.)
1%
preferred (quar.)
<
preferred A ; (quar.)_^_-__^_^___~_^____:
Company —-
Fairbanks
.5-20
17
6-
$1'/a
■,7
1
1
10-20
6-13
5-29
Co., Ltd.
(A.
Imperial
Quarterly
:___
Erie. RR. ■' $5 preferred A (quar.)
$5 preferred A (quar.)
5-15
""
■7/ $l3/4
'•'•>
'
Gas,
811-
$1.17
Williamsport RR. 7% px-ef.
Exolon
I
15c
4%
guarahteed (quar.)_________________
Empire Capital, class A (quar.)
:
7p 70c preferred A (quar.)
Employers Casualty Co. (Dallas, Tex.) (quar.)
5-15
$l»/2
Corp.,
5-13
'
6-17
15c
Houston
Empire & Bay State Telephone—
6-20
6-20';
1
(quar.)______
International
5-28
15c
(quar.)_^___^_______
1
6-
Clark
Coca-Cola
*
6-
50c ;;
(quar.)_<——.—_—
preierred
4-30
5-15
6-12*
15c
E.)
6%
5-20
25c
7
••$iy2
Elmira &
*
5%.
5-15
A..i.
$6 pref.
5-20
-■•TV
Cinn., New Orleans & Texas Pacific Ry. Co.
5% preferred (quar.)__.__.___
preferred
6-
1
6-20
1
7-
5-20
Horn & Hardart Co.
(quar.).
(quar.)
Public Serv.,
5-15
1
Chile
; 5%
& Interurban Water—
1
71725c
Co,
Homestake
7'
6-
t$ 134
Copper Company;
Chrysler Corporation
6-30
5-23
1
5-25
$1
Honey Dew,
i
.7- 1
7-
(quar.)
(quar.)
Cotton
(quar.).
Eastern Steel Products, Ltd. (quar.)
Eaton Manufacturing Co.___
$l«/2
.
Chicago Yellow- - Cab_i.-.x.._..Liw'J_L*.^.-_UxLL
Chickasha
6%
$6.50
5-15
11/
7/7, mv- 7
.
(quar.)
7-20
______
UOc
Chicago Wilmington & Franklin Coal Co.—-
/ 6%
Home Oil
15c
Louis
Eastern
5-15
'
...
Co.—
common
6-10
Common
7%
J85C
i
preferred
Chestnut Hill RR. Co.
1
6-
5-15
7-
5-20
Hollinger Cons. Gold Mines, Ltd.
Company (irregular)
7-
t$l
5-25
SUA
(irreguiar/_„__
Holophane
f.30c
common
>
__7
common
Hobart Mfg. Co., class A
8-11
-
7-15
1
5-12
(Chas.
5-22
(quar.).,
-
5-15
1
1
National
1
7
1
8-
15c
1
5-20
6-
125c
,;
;:
9-
1
1
25c
6-
Hires
6-
6-
6-
5-29
7
6
5-15
75c
6-12
t$l34
1
(quar.)__,
7__./__///7 / 1.06'A
Bartlett & Co.—-
Hibernia
Horn
7-
6-15
25c
Corp.,
5-20
Hooker
6
$1%
____
Monthly
6-
Duplan Corporation—
Common (irregular)
1
8% preferred (quar.)__^^__i____.i,______
t$iy2
Champion Paper & Fibre
6%
preferred (quar.)
Ltd.
50c
Monthly
■
5-11
1
7-20
preferred A
1
1
6-
6-
$2
Chemical
6-
t$lV4
6-
5-15
37 y2c
(quar.)
5-20
i---——•
preferred
Co.
1
--7/./
5-15
6-1
50c
Co
6-
t40c
(quar.)
Corporation,
6%
Co.—
pref.
Cartons, Ltd.—
Bridge Co;,
Glass
Hibbard, Spencer,
Monthly
.,
6-15
1
6-12
25c
Irregular
Heyden
1
6-
SUA
,
common______^_r.___„__
Manufacturing Co.
$iy2
,____
preferred
$6
Hettrick
7-
25C
(quar.)__
Pineapple
5-20
1
/
5-15
6-15
SUA
(quar.)_
1
1
Refractories—- /
Furniture,
Hazel-Atlas
1
5-15
6-
7-
SUA
1
6-
preferred
(quar.)
preferred
62J/2c
preferred
East St.
(quar.)..
Century Ribbon Mills 7%
Chain Belt Company.
■''
*'■
5-31
1
$iy2
Utilities
preferred
10-
6%
6-
_________
f4C
Light & Power $3 pref.
West
6-20
12-19
75c
5-18
w.......—
South
&
6
37V2c
-
(quar.)
;
Envelope &
1st
Dravo
pre-
(s-a)
Service
7-
1-5-43
1
1
25c
common_____
25c
Driver-Harris Company, 7% preferred
preferred
Central Ohjo
'
Public
Co., $2.50 class A
Common.,1
t$ 1 Va
Illinois
preferred
Match
*$2(/a
Telephone & Telegraph (quar.)"....
Caterpillar Iractor
(quar.)
Century Ribbon Mills, Vh pref. (quar.)
Central Foundry Co., 5% conv. pref.
■. ■;
5-15
1
50c
participating preferred (s-a)_.._
Manufacturing Co., 6% pref. (quar.)
5-31
Carolina
Central
1
;':,
(quar.).....!...^..^^...
Co., common
Investments, Ltd.—
(accumulated)
Doyle Machine & Tool Corp. (quar.)
in¬
and
(irregular)
cl.
6-
$2
(quar:
Mines,' Ltd.' L_
5%
1
"/•'f"
Carman
preferred
Co.,
Co.,
$1 V\
(quar.)/__;__._^..__^j._.^.._i.;.
5-31
_
:6%
preferred (quar,).....
Capital Finance Corp., 6% prer.
B
6-15
t$2
(final)
12-23
12-23
Class
A.)
25c
6-
....
Co.
12-23
1
4'/4%
6-15
tlOc
common
Hawaiian
-
f50c
(quar.)—
Marconi
SI.50
10-
30c
(s-a)
*$1%
....
Canadian Industrial Alcohol, cl. A (interim)
Class B (interim)....
________
Oil Co.
',77- 1
1
10-
7%
5-30
6-15
/;;£,4$2
Canadian
5-20
1
12-23
Dominion
6-15
(irreg.)
Ltd.—•
Canfield
2
7-
(quar.)__
...
5-22
___......'
preferred
Haverty
6-
10-
75c
$134
Dominion
6-10
(quar.)
Canadian Fairbanks-Morse Co., Ltd.
Canadian Foreign Investment Corp.,
8%
pref.
4-23
5-21
50c
creasing the redemption price of this
ferred
9
$134
Dominion & Anglo Investment
Corp., Ltd.—
5% preferred (quar.)---..
15C
(accum.)______
to
5-
$2
6%
Dome
Ltd.,
$3
conv.
pref.
approved plan for
by raising the annual
arrears
5-15
$134
5-16
Stockholders
(quar.).
♦.
1
6-
J50C
& Cable, Ltd., class A
(Interim).
j
6Yz-%: preferred (quar.) _*
clearing all
1
5-29
5-15
6-15
6-
UOc
(quar.)
________
Dominion-Scottish
Wire
Canadian
6-
$134
Dixie-Vortex
noc
___
pref.
5-18
,
$l3/4
.
Raynolds, class A (quar.).^
Diamond
5-23
/
—
Class B
Canadian Bakeries 5%
1
t3c
.u.-;
6
5-
Forgings, Ltd.'
(quar.)
6-
(quar.)..-..--.....-...^..^1
Di-Noc
2%%
__——
Class A
5
35c
Diamond Alkali Co.
Wireless
Canada
6-
of Rec.
1
6-30
6-
25C
Common
(reduced)
6% preferred
(quar.)____.
Hart-Carter, $2 conv. pref. (quar.)_
Hart, Schaffner & Marx (irregular)
Hat Corp. of America, class A
(reduced)
6Va % preferred (quar.)_
6-20
(quar.)_.._.x:._____.._._.
6%
Canada Malting Co., Ltd.-*Registered shares
(quar.)
*•; Bearer shares (quar.)..—.
1
75c
433/4c
Ltd..:
Watch
(M.
$5 preferred
6-15
t$l3/4
...
& South Western RR.
6
5-
1
6-
.
&
1
7-
6-30
preferred
5%
Co.—
(Holding), Ltd.—
5>A% preference (final)
Cairo Bridge, class B (liquidating)
Canada Crushed Stone Corp., Ltd. (interim)1 ■.
Canada Dry cinger Axe
■
'■:
preferred,
Cable
■
1
6-
representing the quarterly
dividend of $1.75 due May 1, 1940, and
interest thereon to June 1, 1942
t$l,9323
'
7-
SI
preferred
Devoe &
5-1
15c
_
$3
-
(s-a)
com.
Holders
25c
Hanna
1
6-
7'7«
,
5-15
_____
tquar:)
6-15
25c
.
'
Mfg.,
■
7-22
7%
5
*
Butler
&
Mines,
Company
Hamilton
10-22
2
Co.,
Extra
5-12
2
9-
$1 Ve
(quar.)
Gasket
Ha.lnor
Detroit-Michigan Stove Co.—
Burlington Mills Corp., common (quar.).
$2.75 convertible preferred
(quar.) _______
Burroughs Adding Machine Co..—
Payable
A
Harbison-Walker
(quar.)_..-___-___^.___
5-25
2c
50c
'
(quar.)
preferred
preferred
5-29
5-29
11-
10c
preferred
6-20
6-18
10c
preferred (quar.)
Ltd. (interim) _______________
Supply (N. Y.), common (quar.)..
1
7-
$1
•
(extra)
Mines,
6-15
$l»/4
$134
RR.
7%
X
7
When
share
Company
(quar.)
Hale Brotners Stores (quar.)___^
5-16
6-30
Water
preferred
Haloid
■
7%
9
6-15
:
(quar.)—
Per
Name of
-
Hackensack
5-9
1
6-
$2
'
(quar.
Clintori
Port
Dentist's
6-15
$1 V\
Co., 7%
Delnite
5-20
1
6-
Deere &
8
25c
(quar.)_^_.______
b'/o class A prior preference (s-a)____
Publishing Co., prior pref. (reduced)
Curtiss-Wright Corp., class A____Cushman's Sons, Inc., 7%
preferred.....
5-21
1
U0c
common
(quar.)
of Rec
6-2
T/o
Curtis
5-15
5-29
$1V*
—
preferred
(semi-annual)
4-30
(quur.;.1—
Holdert
t$iy2
preieri'ea (quar.)__.
Insurance Shares— *
Forster
&
(s-a)
Cuneo Press, Inc., 4'/2% pref; (quar.)
Cunningham Drug Stores, Inc.—
4-30
5-20
Foster,
&
Culver
/
5-22
5-20
(quar.)^—__^.—i—
5%
5-15
25c
(quar.)—.——'
Mining & Concen¬
Sullivan
5-15
tioc
interim)
(Calif.)
&
1
t50c
(quar.)
Line Co,—-
Die
Bullock's,
Bunker
b-
5-25
Ltd—
preferred
Pipe
6-15
50c
______
Vancouver,
Brunswick-Balke-Collender,
Buckeye
5-14
1
50c
(quar.)____:
Ltd.
1
7-
Uuc
_________________
Bristol-Myers Co. (reduced)
Brooklyn Edison Co,1 (quar.)
Brooklyn Teiegrapn & messenger
Brown
6'■
_____
(quar.)
Crum &
I'/e
Co
Co.
of
6-25
Crum
—
Co., Ltd.
$5 convertible preferred
5-20
.
1
or
______
(int,enm)_______
&
1
pay¬
cash,
Brass
Hose
Burial
-
(quar.)
75c
common
&
Boraen
Boyertown
option
When
Payable
Share
v
Corp.—
$iy2
son, Inc./o%> preferred (quar.)____
Bros. Tobacco, 6•;«' pid. (quar.)___..__
1'
Company
1
Bird &
able
Name of
•
6-
Bloch
Blue
Per
'
of Rec.
50c
common-
1889
Common
4
8%
$1
5-30
4-20
«
$1
6-30
6-20
;•
$2
7-
6-20
(monthly)—!-
(monthly) —_—
preferred (quar.)—7—
——_—
——
1
THE COMMERCIAL &
1890
Longhorn Portland Cement Co.—
Participating
Participating
,
;,.K
"
■
Sl«/4
(quar.)
Electric
&
Ice
(quar.)
6-
.
1
12-
1
1
6-16
5-15
50c
;s
25c
i: 6- 1
,
„
1
9-21
6Va %
preierred (quar.)
10-
preierred
6%. preierred
-
1%
preferred
McKesson
iquar.i_._-,
6-1
5-
Co.
6-
50C
5-25
/
common
preferred
preferred
5% preferred
t>% preferred
6'h preferred
6% preferred
5%
$iy2
11-14
11-
5
20c
6-10
6-
1
!
5-11
25C
6-
IV
5-18
$1
6-
1
6-
2
9
5-19
6-
1
5-15
75c
;
6-
<
>
1
6-
5
6-
5
9-
12-
.
——
:,
•
1st preferred
5%
5
12-
6-
1
Phelps
9-
1
t
12-
1
$2 conv, pref.
V*
preferred
8%
Common
'v.
(quar.)
4V*7c
preferred C
r,
5-15
1
(reduced s-a)
Monroe
•
v,r
••
$4.50
$4
preferred
6-15
Piper Aircraft,
6-15
■>:
Quarterly
Pitts. Bessemer &
1
1
7-
1
6-12
Quarterly
Moran
6-12
Plomb
7-
1
6%
Corp.
Wheel
Motor
5-25
Mountain
Producers Corp.
6-10
6-
?
1
6-
5-20
-
4-15
,
V
■
?; 6- 1 7
7? 6- I
5-25
5-26
6-1
preferred
6%
2nd
6-
preferred
1
8%
preferred
(quar.)
$ll/a
6-
6-10
National
!
Real Estate
5-12
Co.
Trust
$1.60
7- 1
6-20
$1.60
non-cumulative
6-1
5-21
$1.60
non-cumulative
7-1
0-20
Reliance
5-15
9-28
$1
6%
Roan
1st pref.
pref.
7%
Corp.,
Mills,
Knitting
Ltd.,
non-cumulative
Newmont
•
6-
15c
v
12-
250
\
'
6-
New
-
Jersey
8-
$ 1 '/a
5-
•
6-
:
--
77 $1^
11-10
17
-£-siy».
_™_!
?
6-
5-12*
V5-20-
pref.
York
$5
New
&
5-29
Texas
Pacific
5-19
Thew
Shovel
7
6-10
6-
1
50c
6.—. 1
»
6-
v
-
1
1
$l»/4
6-
1
Steel
5-20
>
—
5-15
5-15
i 6-15
5-15
1
.5-18
6-
,
? 5-
>5-29
York
*
siy»
6-15
>
5-16
6-15
.
&
Norfolk
Adj.
North
Corp., class A
(quarterly)--
7 6- 1
6-11
>.5-20
Western
preferred
5-22-
River
Northeastern
_
$4
Insurance
Water
preferred
$6.50
b-
•,
(quar.)—
1
1
6-
1
18>8-
15a
6-
>
1
1
1
1
5-
;"'■?•
-
iquar.)
8
'
5-21
V
;
v
2
5-15
6-15
6-
«
5
*
5-15
45-
Z
9*
5-10-
t
5-29
6-15
,
1
> 5-11
'? 8-15
8-
h
11-16
• '
5-20
5-19
6-10
■
"
>
5-25
7%
preferred
preferred
5-15
1
5-15
7-
1
(quar.)
;
25c
(interim)—t5c
pfd. AAA
5-25
5- 9
"
6-
1
$1%
6-
1
?
5-20
5-20
Amer.,
Merchants
Mfrs,
&
V
8-1
?
8-• 1
•
4
-
6-
1
•>
•
Public
Co.,
ord.
S.
^
■
5-15
5-25 .>■;
5-15..
5-29
4424
6-'
5-15
&
Broadway Bldg. 'Co.:—
V
'
Participating certificates (irregular)—'—- " '•/ 25c
Inc. (quar.)
25C
?
7%
Snider
preferred
Packing
Soundview
6%
(quar.)__,_
>
preferred
6-1
5-15
6-10
6-1"
:v
,
87y2c
6-1
5-20
.7
—
25c
6-15
6-. 5
6-25
5-28
common-—50c
(quar.)„
:
$iy2
S-25
5-25
5-15 "
5-15
5-87
5-19
6-
5-
,
5-
1
9.
6-30
5-29
6-30
5-29
50c
6*
5-15"
50c
7 7-
53c
'76-
53c
7-
6-15
58y3c
6-
5-15
58y3c
•7-
6-15
7
7 $l'/4
'
6-15
5-iS,
5-25,
6-10
50c
6-10
50c
5-25.
.
$3
5-14.
6-20
a 2>/a%
«12'/2c
$2'/a
7-10
t75c
5-14
:4 6-20
6-15
6-15
preferred™
0-
22'/2c
6-20,
5-29
.
6-297
5-18
1
5-29*
6-20
50c
50c
7 .7
9-19
8-31*
50c
„—
Quarterly
S. Playinq
12-19
11-30*
.
5-30
t2l/aC
(interim)
*7
•
.
7:
75c
73c
5-16
4
7 6-26
7-1
10^
1
9-28,
12-29
.
f
1st-preferred
9-20
12-21,
6-22
Co._^__™_?™__ 7"?'? 25c
common-™™!™™-™ 77 7 50c
6-20
6-10
1
5-14,
V; $1%
_™___2____™_™_— 7 '7?$1
7 Van Raalte Co., Inc.,
6-1
Tool
6-
(quar.)7_™_™__
5-14
7 6- 2
Vanadium-Alloys Steel
6-10
Vapor Car Heating Co., 7% pref.' (quar.)™ (■' , $1%
9-10
$1%
7%
preferred (quar.)—_—
12-10
$P/4
7% preferred
(quar.)_™___-__™_-™_™_
50c
6- 1
Vick Chemical Co. (quar.) 7_™™__7_™™™_
6- 1
7 7
10c
Extra
_!™_—™»—7__1_—
6- 1
Virginia Coal & Iron (irregular)!!_?__™_? 7'$1Vogt
•;
20c
•
Co., common-™!^!!-™- •
_™™_7-_!_!-!- - ;'?7
preferred (ouar.)__™_!_.:!_™_—!__ 7':
7%
preferred (quar.)
!•___________™ : 7
Waite Amulet Mines, Ltd
'
Warren
Pictures,
(Northam)
$3
pref.
(quar.)_
5-15
5-21
1
5-15
7-18
6-10,
9-19
9-
9
■-? 7-20
7-10
10-20
10-10
JlOc
■
$i3/4-
6-10
5-25
40c
6-20
5-20
6-15
5-15
t$l
6-15
5-22
t25c
__™..™'~™™™™«™$3.«R pref.™.™;™™
Corp.,
1.
5-15
$l'/8
___
Walgreen Company, common tquar.) _____!_
4V2% preferred (quar.)___!
___!__i
Walker (Hiram)-Goodqrham & Worts, Ltd.—
Common (quar.)-'—™_—™_™
Bros,
1
12-
6-20
$1%
preferred (ouar.)
1
9-
8-1
.
$iy2
$i3-'4
$1
5-15.
6-
'
Common
(
6-
37%c
•
7%
Warner
,
5-21,
6-20
.
•
5c
Corp.
Co.;
<' "
——————
Corporation'
Pulp
5-11
,
,
—
•
5-22
75-11
5-19
tS2V'4
10c
Vulcan Detlnning
Co
1
(s-a)
5-13?
Steel
6-
7
$l3/4
reg.
5-23
&
Mines,
5-19,
50c
preferred
Casualty, conv.
Qqarterly
'.7.7%
5-14
>44-23
,
1
t683/4C
Utilities,
7 Van Norman Machine
1:
5-25
6-
>
5-19
77? 75c
<quar.)_™_
,
5-11,
5-25
1
,
7-20*
,>
6-
$ 1V4
6rl3
■
:
25c
j 6%
7-20*
6-15 .vv6-
6-10.
1
75-15
7 Utica
5*28*
j.
,76-
1
1-1-43
75c
-preferred r:(quar.)_™™__!_-:!__™™—
$1, '? 6-1
Knitting .C6.__-™™:™T™™:™__™™
62 Vu c
7-1
5%- prior preferred (quar.)™_™y__"™:!_4_
7 62'/a C
10- 1
5% prior preferred (quar.)
1-1-43
5% prior preferred - (quar.)™™—™!™— 7 62'/a C
Van Camp Milk Co.—
<
,
;>-:?:7$i
T- 1
; $4
preferred < quar.)
—__________
1
6-19
6-12
5-15
1
6-15
6-
;
Molasses
Upper Canada Mines.' Ltd^
6-19.
7-14,v
-vt
5-20
6-
$1
common.™™
6-15
Sonotone
■?; : $i3A
of
40c
Saw
Skilsaw,
;
6-20
Co.—
(quar.)
6%
1
6-
25c
•>
Co.
Manufacturing Corp.____™™™™™™';
Virginian RaUway, 6% preferred (quar.)™_
Gold
7-21'.
6-1
6-15
;
$1V4
6-15
Siscoe
11-10
1:
6-15
40C
qUar.)™___
(reduced)
(quar.)
5-14
Simons
6-
$1%
75c
25c
Smith Alsop Paint & Varnish—
.
;
(reduced
Co.,
Corp. common
7,-2
4-30
8-10:
8-
t20c
5-29
5-29
;
5-22'
711-14
$P/4"
(quar.)
Ltd. (irregular)—tiy2c
Sivyer Steel Castings Co._———< 50c
11- 2
> 0-15
>
■■■.
,
(quar.)$iy» ;
Sherwin-Williams Co. of Canada—■ "
■
-/PPi ■>'
7%
preferred (quar.)——
:
Simon (Wm.) Brewery" (quar.)—;2c-
$1
(irregular.)——
1
:
1;-——
5%
1
>
6-19
1
7-
Power
Co.,
4-22
5-22
6-
$5
7
(s-a)____;
Upper Michigan Power & Light— 4
,;
7 6%
preferred {ouar.)i.7—__■™!!_"_™!_!™PP 6% preferred (quar.) ™! _:_____r™™™™
5-11.
6-19,.
7-
$1%
(quar,)—5
Mines
'74-22,
8-15
I*
25C
;7; 25c
v
8
5-20
5-22
$1%
.
5
1
5-
1
6-
7
1
6-
>
:
6-15.
:?
50c
,v7- 1
Card Co. (quar.)—_™—
U. S. Plywood Corp.—•
'7 p-PrPPp PP '^37^0 7 5-29
$1.50 convertible preferred lquar.)____—
B-15,
U. 8. Printing & Lithograph Co.—
4 k-p
% 6%
7- 1
6-15
t$l
convertible preferred A
$1
6-20 7? 6-20,
U. 8. Steel Corp., common-™™.™;
;_™_J
5-20
5- 1
SP/4
.:
7%
preferred •• (quar.)
-_™-™
United States Sugar Corp.—
«,
...ft </♦.••?. 7-15 .•••^7*, 2*
$5 preferred
(quar.)__™
•United Wall Paper Factories, Inc.—
***■ p
6- 1 v 6-22,
$iy2
77, 6% prior preferred (quar.)_—
25c
6- l'.P
6-15
Universal Insurance Co.
(quar.)—
'"
6-15
1
"•'?
$1%
1_——_
Sherritt-Gordon
50c
(irregular)—
Service
7-
7 $t3/4 4
-
■»--
Sher.win Williams
6-
50c
7
6-
5-11
1
6-15
,
5-15
<■
5-21
2
(quar,)wx_.'i—^ J22c
(W; A.).Pen Co. (quar.)„_——— -^;,'50c
Extra
5-11
6-15
$3c
v
8
6-20
6-
15c
(quar.)™
9
1
6-
50C
(irregular).™
5-
6-30
10c
'
50c V
5-: 8
6-19
,7 25c
..-
1
.
:
4-30
4-30
7-- 1
7-
^
5-16
*
6-" 11:' •
5-11-
.$1
--
5-11
5-12
6-
$l3/4
pref. (s-a)_.7__™?_
U. S. Pipe 61 Foundry Co. (quar.)™__
U.
U.
'
5-21
Sixth
(quar.)———
Public
5-
Electric—
Bancorporation
Northwestern
6-22
?
5-
5-22
15c
$2.75
■
2
5-
«._5-20
Servel, Incorporated
Shawlnigan Water Si
:
Co.
6-30
$l3/4
.
United
2
5-
,
-
> 6-10
•;> $lVa<
*
i;
|6-20
'.5-20
10c
;V,1 50c
pp- S3
Sears
&
15c
(bonus)_____
American dep. rects. for ord. reg. (final)
United N. J. RR. & Canal Co. (quar.)____™
Co.—
(quar.)
9-21
12-21
25c
Extra
7-15
46-1
1
25c"
•%w.
(quar.)—
D
1
,
7-15
: 6-15
it
:'4 6-
62V*c
B -(quar.)——-
C
debenture
10-
6-20
1
1-2-43
(quar.)
(Canada)
Car
Biscuit
United
5-22
5-11
;
6-15..
25 c ^
i
•
(quar.)„v;
A
Oil.
preferred
conv.
United
37y2c
(quar.)___"ii_"
1
v
7-15-
6-13
7 s 8-15
7-
$10c
preferred
(quar.)™,
1—
United Light & Railways Co. (Del.)—
6% prior preferred (monthly).
6% prior preferred (monthly)
6.36% prior preferred-(monthly)
6.36% prior preferred (monthly) _____™™
7%
prior preferred (monthly)
7%
prior preferred (monthly)
?.
5-30
,
•
5-25
.
$5
11-16
:
.:-6-15
30c
Paper Co., common (quar.)
- p 45c
preferred- (quar.i-I:—$1V«
preferred (quar.)_—.———:$1>
Seaboard-Oil Co. (Del.) (quar.)—---—25c
6-1
,
•
$2Va
"•
'
i
V
-
debenture
Roebuck
6-1
"
Engineering & Foundry com. (irreg.)
7%
preferred (quar.)__??__i_^??_77i7™7:
United Gas Corp. $7 preferred™™.!™™™
United Gas Improvement com.
(reduced)__
8-15
9-
5-20
1
5-15
$l'/4
United
5-15
12-
$4
■
6-10
1
6-
$1V4
!:■
?
.
6-17
l
140c
(quar.)_ %
t
8-31:4
9-15
6-1
50c
7??' t$T
—_
common
Greyhound Lines—
preferred
Northwest
&
:
p
% $1% V
(quar.)„_——
Northern Pipe Line
Northland
(interim)
Ry.,
8-
-
6-10
6-30
tw
(quar.)
preferred (quar.)_™
United Chemicals, Inc. $3 pref.
1
5-
5-20:
V
474 l.v
Scott
5-15
-
6-10
$1.27%
50c
(quar.)—' 7.
(quar.)
7&
5-20
6-30
37 VaC
5%
,
5-21
5-
Co.
Aircraft
5%
United
5-19
—15c
(quar.)—
Power
&
debenture
7Va%
Sheaffer
—,
Ltd.
Mines,
6- 1
PI $1% 7
—
A
r
6ya%
J
Hundred
Class
Noranda
$1 y»
.
shares, (irregular)
Participating stock (non-vot.)
lirregular)
N. Y. State Elec. & Gas, 5.10% pref. (quar.)'
Ninteen
V
50c
7 $13A
com.
—
Founders'
(
debenture
8%
;
5-29
1
6-
.
f ■ $1V4
77- $1
(quar.)—
Shipbuilding Corp.—
5-15
5-29
10c
(quar.)_—
pref.
Bearing
Mines
Tank
United
•:
4-23
440c
—
Electric
1
5-25
$4.50
Co
& Pow.,
5-25
tic
Gas
Union
5-15
Corp.—-
•
Roller
Gold
Oil
Troy & Greenbush RR.
,5-29
—
5-15-
25c
Lt.
9,
5-15
5c
Extra
5-15.
6-15
•;t4Uc
—
Savannah
1
6-
(quar.)
(quar.)
56- 1
40c
;
1st pfd. (quar.)
Trinity Universal Insurance Co. (Dallas)™?
Additional
'——™4__—_____—?.«
Troy & Bennington RR. (s-a»,_
;™™?i__™
<
.5-15
:
6-15
50c
(quar.)—"
(quar.)
5-15*
6-
37y2c
preferred
5-15}
20c
Trane Company, S6
5-20
,6-15
V■
87y2c
iquar.»__
Scaffolds (Wise.)
St. Joseph Lead Co.—
1_——
St. Louis Bridge, 6% first pref. <s-a)_—x.**
3% second preferred (s-a)_—St. Joseph Water-6% pref,' (quar.)
Savage Arms Corp._j._!—
7 6- 3
6-15
;
>
&
7%
Assoc.
Water
Timken
5-20;
t 5-20
1
6-
preferred
Manufacturing-Co.
Coal
Co.,
Toburn
6-15*
6-1
preferred
Safety
7-31-
6-13
Tide
7-15
,
"425c
$2V2 convertible preferred (quar.)__—
Saco-Lowell Shops,
eommort—„„ir_
5-20 v
8-15
(
6V
; 6-15
—
5-29 n
,
1
$1%
(quar.)______
(quar.)
Queens Elec.
non-cum.
5-18
6>/2%
5-15.
1
50c
;
5-13
1
Elec.
6Va%
-
4.
5-19
,
Rustless Iron & Steel, common
10-20^
*
6%
Ruud
7-22
:'7". $1%
preferred
5-29
6-1
50c
6-
preferred B (quar.)—_——/■/■;.\\ 15c
Antelope Copper Mines, Ltd. (interim)
5%
&
•5-19*-
25c
(quar.)
(quar,)——
A
preferred
'5-20*'
.
>
5-15
1
6-15
<
' V
8
8-.7V
1
10-30
2c
77:
Zinc
5-18
$ 15/'a
preferred (quar.)_™?™»-i?™™^-i:«
preferred (quar.)_l
6'/s%
6-1
46- 1
:/mv2 -■
"C"
(quar.)
:
$1 fop
"D"- (quar.)__:—■
>6- • 1
vri $1 y« ' :■ 6- 1
5%
preferred "E" (quar.)—
Rolland Paper Co., Ltd.
^4.".
v;
6- 1
6%
t$iy2
preferred 4quar.)__
6- 1
37Vic A
Roxy Theatres, Inc., $1.50 preferred (quar.)
;
6- 1
■Pi 4$2
Royal Bank .of Canada (quar.)_
_•
5-25
.0023c
f
Royalty Income Shares. Series A—
s
25c T••'•7- 1
Rubenstein (Helena),-Inc., class A (quar.)_i
6-14i >
6-15
7 2c
—
$5 convertible
5-15*
5-21
'
Sl'/a
Quarterly - _™_^„__™_^.__™_™_4
Sycamore-Hammond Realty—5
5-15 ?'•.
70c
50c
Fund—'
Investors
6%
;
Newport News Shipbuilding Si Dry Dock Co.—
New
1
5-29
i2yac
pref." (quar.)_™_Ltd. deposit receipts
5-15
.25c
■$iya
(quar.)__—
preferred
preferred
'6%
5-20
Gas
5-15
1
5-29
—
Mining Corp.
Common
1
25c
6-1
•
Button, $1.50 conv. pref.
5-15
7" 9- 1
15c
-
(quar.)
(quar.)
6-16'
Swift International Co.,
14
9-15'
1
5-15
7 5-25
75c
pref. A
50c
12 %C
Co.______
5-29
35c
.
common———
preferred
Co.," 6y2%
Grain
5-
1
Rochester
Co.—
pref.
77
•
6-
6-
95c
f?
Swah-FinCh
5-18
1
6-15
7
Machinery
5-15
37.yac
6%
12-17"
5-22
,
15c ?
.
-
(quar.)
Inc.
4
Extra
9-30
:
t$l%
9-17
:
12-28
50C
$1
Co., 5%
(J. J.)
12-17
7-
(accum.)l,
6-18
4-17.."'
Rochester
(s-a)—_——™_
Brothers,
Newberry
9-16
12-31
6-1
Steel, $1.50 conv. pref. (quar.)—Republic Insurance Co. of Texas (quar.)——
5-15
6-27
$1V2
preferred (quar.)
Neisner
-
9-30
$l'/4
Superior Tool & Die •Co.™__™i™™™__L__"
Trust Co.'(Lewesr Del.) v (s-tt)k???k-
"
•■■■•
$ 1 V4
Sussex
5-
10-15
'
$2.
Reliance
7
5-
6-30
'
$l"/4
-
;
(Phila.)-^.-—
6-20
tV/2 ■'
----V
$Neiman-Marcus Co., 5f/o
'6-30
$l»/4
Sullivan
-5-18
50c
7 7- 1 :?
25c
pref.
5-25-
.40^777 6-lS:7';'64 57
'
'5-12'
J25C
non-cum.
Reed-Prentice
Republic
(Del.)
Co.
Estate
Regent
6- 1
___
Co., 7%
5-15?
works-—
Stromberg-Carlson Telephone Mfg. Co.—
6V2%
preferred (quar.)I__i:
4™™;
Stuart
(D. A.) Oil Co., Ltd.—
!
7 Class A partic. preferred (qufer.)™™?™™
5-8;
25c
1
6- 1
Service
Power
6%
Acid
<k
1
57o
Union
______
6-
50c
————
Transit
Rayonier,! Inc.
5-14
5-22
Nebraska
5-11:
8-It*
*
(quar.)_
5-15
•:
1
5-22
National
Co,
4%
6-15
i$lMi
..
Associates
50C
Corp.
Power
Reading Co.,
t$38.50
Paper & Type
Phos.
7-15
——
—
5-22
V
6-1
preferred
5%
5-22-
6-1
:,$i3/4
Quebec
Real
$lVa
—_
National -Steel
5-20'
1
7-15
$iy» :'
'
Refining-—
5-15
'
•/
Gypsum, $4.50 pref. (quar.)
Lead Co., 7% pref. A (quar.);_•_—
National
:
5-15
6-
50c
—
"
Oil
30c
—
Linen
(quar.)
preferred (quar.)____
Sylvanite Gold Mines (quar.)™™_™™?____
Sylvania Industrial
(quar.)
Teck-Hughes Gold Mines, Ltd. (interim)____
Terre Haute Malleable & Mfg. Corp. (quar.)
Terre Haute Water Works, 7% pref. (quar.)
Texas Gulf Sulphur Co.
(quar.)™___™__™
25C
State
$1
National
V
5-20
l"
Co.
.
r ,<
s
Quaker
25c
;
—
—™
6-15
5-25
preferred (quar.)—_—_—;
preferred (quar.)
——____
5%
preferred (quar,)—
Sterling Products (Del.) (quar,)™„s__™__
Stonega Coke & Coal
Storkline Furniture Corp. (quar.)_:
,k' Extra 1__?
—_™;
Strawbridge & Clothier—
6% prior preference A (quar.)
.
.5-31
6-
$l3/a ;;
Purity Bakeries Corp
—_—
Quaker Oats Co., 6% preferred (quar.)
6-15
6,
$1
PP
National
•
.
5-16
6-15
.
$2
pref. (quar.)
preferred (quar.)—___
preferred (quar.)
————
National Bearings Metals Corp., common™
Quarterly
5-15
50c
)\P 25c
75c
•«.
(monthly)——_—
preferred
6-10
?
?30C
t$33A
.
6%
•
5-15
6-15
5%
r
1
7;
•
t3?y2c
(quar.)___————
preferred
6-3
1C
15C
——
pref. (quar.)
.
5-11?
$iya
5-15
V
5-19
:
v
tanAc
7%
5
6-.1,
$1%
.
5-15
1
?' 6- 1
4;?' 25C
(quar.) i
12-31
1-2-43
35c
(irreg.)™
Welding Machine Co.
5-15"
6-15
Quarterly
—
Stecher-Traung Lithograph;—
5
~
'
;t,: i5c
(quar.)
10-
Ltd.—•
National Container Corp.
811-
1
6-
;
t$2.%
.
(quar.)——j:—
of New Jersey—
1
_
-'National Biscuit Co.,
6-15
25c
50c
■;
-10-
si y*
,
—
Corp.
10-
v6%
Elec.
Service
$lVa
preferred—_
C
5-
preferred
7%
———„
preferred
National
1
5%
6%
National Automotive Fibres 6%
•
Public
$5
,
National Acme Co.
<v
9
9
(quar.)__——
!
Manufacturing, com. (initial)
class
7%
'
6-15
1
5-20
....
—...
9
preferred
Nashua
5-
1
•V
|
75c
(quar.)____
Indiana—
of
Co,
(quar.)
1
—
(quar.)
Nanaimo-Duncan Utilities,
6Va%
Service
5-
——
(quar.)—
(quar.)—
preferred
preferred
6%
9
7-
Muskogee Co., $5 preferred (quar.)——
Muskegon Motor Specialties, $2 cl. A (quar.) j
Mutual Chemical Co. of America—
6%
5-
1
Murray Ohio Mfg. Co.
Wholesale
5-23
-
&$ 1V)|, ^
pref. (quar.)
5y2%
•
——
5" 9
?
1
—
(quar.)
Standard
6- 1
,
Canada
of
6-
Munsey Trust Co. (Washington, D. C.) (quar.) i
Co.
6-204
5-20
,
5%
Co.,
Bank
7-
'
™_
6-30
5-29
5-29
V:
preferred (quar.)
——
$l3/4 .
(quar.)——$1%*,
Provident Loan & Sav. Society of Detroit—
Common (quar.)
15c
'." 5Mi% conv, preferred C (quar.) —_—••; $1% ,:
5%r conv. preferred D (quar.)—;_i;
1_
il.Mi.y
6-
96c
$2%
/Mullins Mfg. Corp., $7 preferred———-™-v
Muncie Water Works, 8% pref. (quar.)
Extra,-
35c
■7 "
(irregular)______
Stoker
/
1
4"
(quar.)___
'(s-a)™-™™-"™™
J.)
!——._™—™-™_;—
4___—
Standard
'6-1
10c
$1.50
&
Provincial
Public
™
(N.
6-10
6-
-15c
class A preference
—_
Ogdensburg Ry., guaranteed--^.
Co.,
Prosperity
5-15
8
preferred
$1%
—
Co.
Extra
5-31
6-10
v
a6%
—
5-20
1
6-
4
6c
(s-a)
Co. .(Indiana)
Oil
I.)
6%> preferred (quar.)
Prentice-Hall, Inc.-, common (quar.)
$3 preferred (quar.)-_—_—
&
7%
Rubber,
P. Common
(quar.)—
(Utah)
Supply Co.
Oil
Oil
Standard
6.-1
V
25c
——
—
Potomac Electric Power,
20c
Fuel
Standard
■7Standard
ji 5-3L
i
P
5-20
Products
6-
.7 25c ii;
(quar.)
common
(quar.)
5-25
50c
•
Murphy (G. C.)
Co.,
Common
6-10
343/sC
—
(quar.)——
Mt. Diablo Oil Mining & Develop. Co.
5-15
5-20
6-
6-1
15c
Poor
'
'i,*;
Tool
5-15
.? 5-25
Corp.
Mountain
1
6-1
5-20
'
——
7 6-15
50c
(quar.)
6-
10c
7 5-H;;
-6-
.
$2
(s-a)————
$2
pref.
5-25
40c
5-23
\
-
50c'
(final)
shares)
Plymouth
20c
.—
Motor Finance
preferred
—
partic.
8 ;
6-17
5
40c
5-15
•
t87Vic
5-15*
$2%
_
7%
Towing,
6-
6-15
6-
.'7
conv.
Standard
$ 1 Vz.s *.-6-
Pittsburgh Coke & Iron Co., $5 pref. (quar.)
prior preferred—
6-12
7
6-15
0; $n/4
__i
Participating
Sl'/a
vV
1
8-15
:
40c
Pittsburgh Steel, 5y2%
7-1
7 6- 1
—
_
4-30 ?
6-15
62'/2c
Seal $l.o0 conv. pref.(quar.)
Corp. com,'(irregular)™
preferred (quar.)_____—
Co. of Calif.. (Del.
$1.60
2-5-43
—
6-15
$1
(s-a)—.—
—.
7-13 7
5-20
"7"
11-15
•
7-15
10c
Standard Dredging
2-15-43
-20c
Vf
35c
$1V2.
7?
________
Standard Cap &
35c
$lVa,
.
;
conv.
6-
vv
(s-a)
if
$1 Va
,
pref. (quar.)
Meter Co. (quar.)
Lake Erie RR., com. (s-a)
60c.
5-
25c
initial).—™_—
Dry Goods Co.
(W. R.)
5-15.
5-151?
35c
c
$1%
$1V3
;
Pitney-Bowes Postage
™™—.
B
preferred C
5-15
1
(Dallas)—
(quar.)—
7-
.^$3 !.
31V4c
—__
(Providence, R.
lAmer.
1
$1.07
35,000
adidtional
sold in March, covering the
period March 6 to June 1—_—-—
$4.50 preferred A (s-a)——
™
Moore
'.
6-20
—
1
45c
—•
§4 preferred series C—
A
dividend
on
the
1
6-
'
Johnson
Portland
(quar.)
:.
6-15
50c
1st preferred
Pinchin
shares
>
7%
6-16
50c
pref.
____"
_____
6-15
7-1
7:, $2
Monsanto Chemical Co., common (quar.)
,
6-
8
75-11 '
^
__
50c
__———
Carpet Mills
Loan Society, 5Vz%
-v
(quar.)—
(quar.)—
,
50C
Mission Dry Corp.
(irregular)—
I.¬
Missouri Utilities, 5% preferred (quar.)—
Mohawk
5-20
31 V4C
Sparks-Withington 6% conv. pref. iquar.)_
5-201: t Spiegel,'Inc.; $4.50 conv. prei.r iquar.)™J
t Standard Accident in;ur. (Detroit)
6-15
(quar.)
5-
6-15
:?v7-,35c
Extra
National. Bank
6-
4c
—™-
(quar.,
<quar.)
Hosiery,
7
(quar.)
B
Petroleum
Phoenix
—
;
preferred
e-
25c
v
pref.
conv.
Phoenix
——™_
Extra
*4%
•
5-15;
6-15
37*/2C
•
■
_______
______—__
«—______
Sovereign investors
1'
$1 7
$l3/4' ..."
7
;■
CorporationJ—J—
Dodge
Pillsbury Flour Mills
Minneapolis-Honeywell Regulator—
'f':'
Airlines,
6-18
.
(s-a)—
Quarterly
6-15
>7,6- 1
v.,"
,
6-18
—
(s-a)
common
■
v
—
6-30
preferred———
preferred (quar.)
——
Oil Co.,
5-15?
6-17-.
•$t378
(quar.)
6-30
non-cumulative
$2
8%
Midwest
(quarj
25C
common
preferred (quar.)____—
Southwestern'Lire Insurance Co.
P 5-15 t"
n
">! 6 -
■
i?i35c
(quar.)—
26c
.
.
Products,
6%
V
4-29
„
^
-
5-15
1
7-1
Steel
6-
•
7--; 1
v.'v'25c'
(quar.)
Reel Co.—,
7 93c,
(s-a)..
common
$iy2
preferred (quar.)—
—
7$iy2 7
preferred series of 1940 (quar.)_
7$1%
7% preferred (quar.)
—
> 6Mid-Continent Petroleum
(irregular).—™„ r?;..' 40c
Midland Oil Corp.,
.5-1577
'
6%
Midland
6-3.5
$iy2
Suburban Water, common__i—
6% preferred (quar.)————_J
,V
v V7:
6%
;.37'/2c
'
t 25c
Philadelphia
6-
(quar.)™ ??,■: 25C
$l»/2
Junior preferred (quar.)——-—
$6
<
i. 6-20
25c
V,;
—
.
12- 5
t$l%
—
(quar.)—™_—
Public Service,
'"
__
5
9-
30C
•
•.
Central
Phillips
•
Michigan
—
Pennsylvania State Water,. $7 pref. (quar.) <v
Peoples Telephone, 6% preierred (quar.)— ,.;: :
Peopies Water & Gas Co., $6 pref. (quar.)
.1 7
Pfaudler Co., 6%
preferred (quar.)——L
<
v
(quar.)
common
(quar.)—______________
class A
$1.40
6- 5
,
30C
Metropolitan Coal—
3%% non-cumulative 2nd preferred
7
8-13 '
'5-15,7;
e
5- 1 ' t Southern California Edison Co., Ltd.—)Pp/.
67^ .preierred B
(quar.)_____—
5-26>
5-20 i-;
Southern California Water-5% pref, (quar.)
^
r
(s-a)
preferred
Penn
1
30c
——;
1
; .6-20
t$23/4
•
(quar.)______..:u__—^__'>
(quar.)
class A
$1.40 class A
.
1
9-
25C
—
(quar.)
A
Co.
$1.40
-
5-15
25c
(quar.)
preferred
1st pref.— '
Peck, Stow & Wilcox -Co——
Peerless Casualty Co.,: 6% "pref,-- (s-a)
Peninsular Telephone, common
(quar.) Ir—,
Merritt-Chapman & Scott Corp.—
{yaft
6-
,
20c
preferred (quar.)—:
Manufacturing, common (increased)—"-
7%
5-10
6-
Sl'/aV.
$1%
25c
(quar.)
<t
•
•—™
(quar.)
t2'/2%
'
—
Mfg.
preferred
preferred
Paton
5-28
25c
(quar.)
(s-a)
S : $5.50
Caiiiornia—
oi
(quar.)
5%
&
Parkersburg Rig &
v
5
——
Corp.
Acceptance
Mercantile
t
.•*
*i
*
$1
Pictures, Inc!),
Pen
7%
5-12
25c
preierred (quar.)
'$5.50 preferred (quar.)
stock
Parker Ryst Proof Co., common
5-25
5-20
8-
—-—
_™_.
.
8-15
(quar.)—-—
$6
"
50c
"
^iy2
$4
Mead Corp.,
-
8-15
.
•
(quar,)
Marine
1st
Parxer
5-15
,
5-30
250
•
Kaiser, common (quar.)_—_
preferred (final).
May Department Stores (quar.)_____.
—
•;
6%
6
McEwen,
May
'7,;
.
■
8-15
:
>
common
Co., $5.50 convertible
Paramount
1
6-15
•:
■'
.
8-29
t55>/ac
common
Shirt
RecP'pC
5-15
8-15
,
,,
11-28
Square
Manhattan
■'
8-31
11-30
$1.3 HA
(quar.)
:rGarden (irregular)—
Magnin (I.) & Co., 6% preferred (quar.)_™
; b%
preierred (quar.)
Maliory (P. R.) & Co., Inc,
_—
Macmillan Co.,
Madison
5-29
43 %C
-~
(irregular)™™—™:
Macxintosh-Hemphill Co.
.
50c
5-20
(irregular)-.
i.:.'
Oxford Paper, $5 preferred—
__i_
___' .1' t $ 1 V4
6/ 1
Pacific & Atlantic Telegraph
:
;. 50c
(s-a)i—
7- 1
Pacific Fire Insurance Co."(reduced quar.)_
$i.V4 % 5-19
50c'
6-1
Package Machinery Co.—
——1—.'J
6-15
7-
433/4C
":'V
Steel
Outboard
„
12-22
1
5-30
43^4C
Porcupine Mines, Ltd. (quar.)™™
& Robbins, 5A% pref. iquar.)™
Mclntyre
1-2-43
,
$3
,4V'
;~
—
of
'
$lS/8
—--
Telegraph Co. (S-a)
McClatchy Newspapers, 7% pref. iquar.)_™.
(quar.)__
debenture
perpetual
Otis
$1^8
preferred
5%,
6-20
7-
7%
Holder*Ap
,
.
s
v
lv
$1%
V
Co.'—
Lynchburg & Abingdon
•
V*
—
,
Otis Elevator. Co.,
(quar.)
(s-a)
(quar.)
(s-a)
®
4-24
6Va%
.
Payable
•
.
pre»erred
When
8hare
P /:// * *:
.
5-15"
1
8ftio
JX'PName of Company
4?
$1
- 5-29.»
7- l' :^.6-15 , t / South Bend Lathe Works (irregular)
20c
^ 6ri0,: r
Norwich Pharmacal
37V2C 77 9- 1
5-22
^ Southeastern Greyhound Lihes, com. (quar.)
Nova Scotia Light & Power, 6% pref. (quar.)
9- 1
6%' convertible1 preferred - (quarf)ttiit_i:-' 7 7. 30c
$$1. Va 'v ^ 6-M
5-16
30c
9- 1
Ohio. & Mississippi Telegraph Co. (annual)
$2Va ' T- 7- 1'6-10
6'p non-cunv. preferred (quar.),
Ohio Oil Co., common
$1%
7 9*1
__l.—"a.25c6-1-5" ^.r5-l'4p '.,
r6% 2nd preferred ''(qua?A)
37 Vac'
6-1
6%; preferred :(quar.)
Irrly■ *!■ "*"•
J,f!'$l5-14•/; \ Common (quarterly)
Cand
PA
rtrnfat<t*A/4
*t/l"
:-1
'• '
Ohio River Sand Co., 7% preferred—
:
'
"6- 1
'6- 1
6-15 >
7
ouc
t$l%6% conv., preierred (quar.—___
Okonite Company 6% preferred (quar.)
30C
6- 1
$1 Va
..6- 1
5-15
6% non-cum. preferred (quar.)
•v, 25c
Oliver United Filters,-Inc., class B
5-12 ;*.•
•i5726
,-i, 2nd
preferred (initial), covering period
Ontario & Quebec Ry. common "(s-a)—__"_^.:'
/? $2'/2
6-1 f
:.$$3 •?, - 6- 1
Dec. 31, 1941 to June 1, 1942__i._^_^___
5-.lv: ti'V
Telegraph
iitfAK
$iv2
6-
Lunltenheimer
Per
•it
.
11-20
6-
6-1
25c
™-™
.____„™1
preferred
<• • Wtten i Holders
-/ Payable of Rec.
v
8-20
11-20
9-
Co.—
Provision
participating
-Per.:*
share
of Company
,.
8-20
9- 1
4c
8%
Name
-
—-
Louisville
!
»•
5-20
12-1
25c
$1V4
_______
Extra
5-20
1
SIV4; 7.
(quar.)-™™™1
(5-a)
1
Monday, May 18,: 1942
•
_!*:
™___
-
1st pref.
Taylor 6%
Louisiana
1
™___™,i>
™~_
Participating
Lord &
6-
25c
participating preferred
5%
•'
of Rec.
Northwestern
v
___
participating preferred
5%
,
,
Payable
participating preferred(quar.) _™!™_
6%
■t
When
share
of Company
'V
Holders
Per
Name
FINANCIAL CHRONICLE
.
6-15
t96V4C
;
6-
1
75c
6-
1
■
(Continued on page 1893)
5-22
•v
•
6-15
5-15
>
Volume 155
Number 4073
"
THE COMMERCIAL
The
and for the Four Months of the Calendar Year 1942
Corporate financing for the month of April footed up
$115,641,003, an increase of $3,346,583 over the March
total of
$112,294,420, but a decrease of $31,009,397 under
the figure of
$146,650,400 reported for April,. 1941.; In
Tobacco Co.
writers
country entered the
market
conditions
for
i
most part to
;
:
,
Aw led
.
Jan.:
7„.
Jan.
71-day Treas, bills.,
Jan.
Jan.
15..
[ 91-day Treas.
bills.. ;
U. S. Savings bonds.
1,0747029",308
j Tax anticip'n notes.;
237,750,525
237,750.525
Feb..
*■
;;
-J*'.\
January
was
January.
Of
June
Mar.
Beldw
;
;
,.
'
■
1
<
*
600.598,000
Treas. bills..
150,477,000
Treas. bills..
150,194,000
150,273,000
150.477,000
150,194,000
V
;•
.•A'!;'
Total
1..
U. S, Savings bonds.
Depositary bonds
S Tax anticip'n notes..
p
total.
1,402,730.682
450,944,000
951,786,682
Tdtal 3
months..*..*]......
7,287,609,682
2,566,425.300
4,721,184,382
April
8—
78-day
72-day
91 day
91-day
91-day
April 15..
April 22..
April 29..
June
'
$
New
#
>
\,
2y
-
Treas. bills..
Total
i•
iNew
■ ■_.
■
Capital
18.900.500
74,109,375
112.294,420
46.549,770
86,634,370
$
$
137,994,832
273,561,870.
46,004,059
v201,922,025:
31,527.491
211,341,581
103,799,050
150,058,000
150,125,000
1,507,035",000
1,507,035,000
536,39.5,455
total.*:.]....]..*.*
Apri
4
:
536,395,455
1,695,000
••
254,682,200
1,695,000
254,682,200
.
3,050,912,655
months..'.;........
:.7S
January—
•]]■*
-
,
;'-■
N otes
173,464,550
257,345,640
135,326,541,
.
.
_
450,256,000
2,600,656,655
3,016,681,300
7,321,841,037
,
10,338,522,337
INTRA-GOVERNMENT
ivy ,,7:]';
1942
S
■
35,469,71.8
150,414,000
150.073,666"
■
Treas. bills.. V.y 150,058,000
Treas. bills..
150,125,000
FINANCING
Issued
;•
A'VV-
Retired
$
%
:
Certificates
4?-": ..'iy
39,209,300
Total
150,435,000
150,073,0(K)
'
•
1324,316,342
271,387,665
227,012,100
'115,287,655
Refunding
234,788,400
150,435,000
1.. Depositary bonds....
l._ Tax anticip'n notes...
'Ji'A
*1940
;
2,230,000
**'***'• /
■-■//.fi'L-.....*.,,
i 150,414,000
*
-
.
52,928,677
82.846.364
•
*1941,
.Refunding
Capital
170,032.190
87,185.826
J' 55.208,875
73,085.120
March
-
150,262,000
564,506,282
'■
r'
234,788,4 00
Treas, bills..
Treas. bills.*
Apil 15.. Ctfs. of Indebtedness..
April 11... U. S. Savings bonds...
Jan.
150,273,000
150,262,000
564,506,282
2,230,000
_
1..
April
;
Treas. bills..
1940; j
i
•
i
S
January
February
-
-
2,353,115,867
1.;
Treas. bills.;
——
r
126,119.475
2,953,713,867
March
-
-
710,837,192
3,825,000
91-day
91-day
91-day
91-day
Jan.
1941
SUMMARY OF CORPORATE FIQURESBY MONTHS,' 1942, 1941 AND
1.512733V,200
Mar,
we
of the
;150,445,000
June
the
•
150,012,000
/
Mar. 25..
figures will undoubtedly be neces¬
sary from time to time, particularly as additional private
financing is brought to light . in annual : reports and
'oth^ plac^sV' ' •
' i
,vf^
'successful
American
lL:
Mar. 18..
present a tabulation of - figures since Jan¬
uary, 1940,. showing the different monthly- amounts of
corporate financing as revised to date,
Further re¬
visions
4..
Mar.
1,416,281,833
710,837,192
3,825,000
126,119,475
Depositary bonds...
Tax anticip'n notes.
money purposes
and $78,939,034 for refunding.;
money
1—
1..
150,012,000
150,445,000
1,512,334,200
Februar y total....
April total, $50,986,288
and $5,260,797 for refund¬
ing. < For the four months of 1942 municipal financing
aggregated $265,673;661, of which $186,734,627 was new
•
U. S. Savings bonds;
1-
Jan.
$41,153,781 " reported, respectively, for the months of
February, but still far below the $119,523,451
new
91-day Treas. bills.. ■/)
91-day Treas. bills..
2^% Treas. bonds..
Feb.
March and
for
150,092,000
150,049,000
91-day Treas. bills..
Feb. 25..
.
was
1.514,883,300
150,092,000
150,049.000
91-day Treas. bills..
Feb. 25..
8.25%
for
4..
Feb j 18..
4,865,000
2,931,165,133
.......
Feb. 11..
1 r;.;
The disposal of issues privately seems to be definitely
the wane," as during the month of April a total of
reported
total
''J
Refunding
150,074.000
1,013,839,300
f:;
stock
common
«
Total
New Capital
150,330,000
'
1,013.839,300
Jan.,
Harvester Co.
Municipal financing for April aggregated $56,247,085,
showing increases over the totals of $48,749,344 and
$5.50 cumulative convertible preferred stock Of Canada
Dry Ginger Ale, Inc., and $7,522,000 Celanese Corp. of
America, convertible debentures. * i
j ,/ J i' . *
<
V
2% Treas. bonds.*..
1,074,029,308
4,865,000
reported comprising four issues and
of the/month's total, as compared
with $37,238,100 or.-33%! inMarch,- $33,245,000 or 45%
in February and
$5,800,000 or 3% in January.1
,
.
■
49,840,000
Depositary bonds...
representing
equipment .various roads will be -alloted by ;the WPB
new arrangement for allocation of new rail¬
road cars and engines where they are most needed,
roads generally will bide their time about placing orders.
Other issues on the calendar for the month of April
and
either cancelled or deferred owing to existing
market conditions included an issue of 25,173-shares of
!
«
49,797,000
1..
only $9,554,000
under the
H42
'
100.207.000
1..
this
on
The belief is that until it becomes clear how much
:
'
100,433,000
150,047,000
150,330,000
150,074,000
Jan.
•;
,
;
$
150.230,000
14.. j 91-day Treas. bills.*
21..
91-day Treas. bills..
28..
Jan.
compilations of new financing.
line included 250,000 shares of
our
Indebtedness
of this article.
or postponement
$15,550,000 contemplated equipment trust issues
for which bids had been requested.
These included ah
issue of $11,000,000 Louisville & Nashville; RR. and
$4,550,000 issues "of Missouri Pacific and three of its
subsidiaries.
Specialists in railroad obligations of this
type now have a blank calendar staring them in the
..
New
Refunding
$
;
,
_
restricted for the
was
Total Amount
RecurIty
,
and 153,000
shares of Standard Oil Co. (New Jersey).: A table show¬
ing secondary issues for the month is given at the end
field, the freezing order of the War Produc¬
A feature of the month's financing was the
sale of $100,000,000 3% debehtures of the
in
along
International
some
face.
;
;
Dated
[r.:...
Type of
'
.
June
Offerings
tion Board resulted in the cancellation
of
USE OF FUNDS
v
:
secondary and special distributions.1 These
not; included
are
securities.;; In
new
war.:
Stock financing for the month
•
i
handled by some 146 under¬
was
offered; through a selling group "of
throughout the country.
The offering
biggest piece of corporate financing since this
marks the
this, the month of April is in accord with the trend of
financing for several months past, and; it is riot
expected that the future will show any appreciable
gains.
Although slightly better than the month of
March, the April financing was disappointing as the
number of issues involved counted only
10.
If the
$100,000,000 American Tobacco Co. debenture I issue was
excluded, total emissions for the month would only be
$15,641,003> Among the factors responsible for the poor
showing were the situation created by the war and
The issue
| and
was
500 dealers
some
new
unfavorable
1891
Capital Flotations In the United States During the Month of April
!
the railroad
& FINANCIAL CHRONICLE
Net Issued
$
78,100,000
_.
.
January total..;
39.250.000
20,842,000
42.355.000
59,692,000
81,605,000
157,000,000
.
38,850,000
63,197,000
141,297,000
.
5,000,000
28,730,000
152,000,000
*25,193,000
33,730,000
(126,807,000
20,100,000
26,925,000
xl3,100,000
February—
First quarter..
...... .
.
.u.
140,956.164
215,479.821
-
356,435,985
1,186,112,817
613,687,420
39,469,665
107,180,735
63,874,177
197,102,123
.113,390,374
113,001,268
453,135,463
59,175,210
192,497,442
89,787,130
(799,800,237;
.84,280,300
566,136,731,
,
i
Certificates.
Notes.
April.].:.
V it
vt.
;07,114,003
May
115,641,003
18,527,000
y
p'A-V AAA;#w
7
J une........
-
Second quarter
(.
'
-■
i
......
i.
-
■
..
1
203,857,159
y v;
• ?
9,771,328
101,476,480
174,067,430
111,247,808
158,733,668
378,254,222
536.987,890
1,411,284,p96' '{ 271,734,936
831,389.685
1,103,124,621
,
;
July j
A ugust.
.
t'i
...... .. -
..
-i...
■I'
'yy
t\..
'- y
417,673,232
,
379,9231444
A
1611,483,859
1,031,360,652
43,569,170
327,402,743
34,264,713
■
September...—
Third quarter—_
;
if A i A w i'H *1 •
.....
October
i
:
■■
.
..y.
785,160,070
49,833,450
67,938,134
1
68,006,465
1,353.647,489; 2,138.807,559
'
727,523,463;
242,447,950
112,893,538
65,594,785
-
r
Tii
>606,714,322
457,512,985
: 97,050,220
200,311,420
!
42,384,100
52,054,554
131,811,350
411,520,250
1
59.465,696
1.252,325,958'
160,537,000
.
7,000,000
.-..]
_.
v*
'(•'
-
143,327,000
7; 140,447,000
351,739,000
24,000,000
20,100,000
3,900,000
'
40,936,000
.
.7.... 7' ;
393,074,870;
262,885,785
47,025,000
'
'
,
.^...]i.]]■.*.]].
1,700,838,943.
345,346,770
93,942,646
334,579,682
62,198,558
L*-*
Total 3. months.;.]
156,427,000
190,352,000
; !
492,186,000
■
■April total';
47,728,100
168,943,139
183,3 52,000
*
March total...*
April—
Certificates
<
]
.
Certificates.
Notes
:
292,281.400
180,831,672
133.601,250
420,936,273
•185,778,049
V'-f-r
Notes.;J'j
::::::::
December....................
\';-.•'■••
I \,! i V
^ - c.y v-b/l
I;
J
195,656,013
j
322,286,837
103,261,2(30
89,427,250
■
r
130,037,550
;t' 401,829,900
161,391,300.
?;
.......
.
November.
86,468,380
.i 74.427,157
405,233,626
y
y'yl.-;' '-y-yyy
Nine months..
February total
March—
193,810.627
—
i,
3,537,000
251,672,652
'
.
■i
••
146,650,400
260,976.300
V
■
-.iiVA"'-
months^.-.1.
Six
90.466,785
—-----
■
-
y
Total 4 months
] 20,528,000
'
'
' 64,936,000
557,122,000
396,778,240
40,628,000
20,408.000
:
;
181,075,000
24,308,000
376,047,000
•.
7- Fourth quarter
'252,154.146
*
f
•
y.'m-AA-A'-i} Witt. -
•
191,488,874!
1,037,314,216
■
•
Twelve months.............
1.545436,363,
443,643,020'
278,869,797
773,869,098
2,026,195,056
2,762,577,838
♦
1,052,738,895
2,582,450,579; 1:736,382,782
Comprises sales ol special series cert'fio ites and notes; certificates sold
Old Age and Survivors Insurance Trust Account, Civil Service
Retirement Fund,
Foreign Service Retirement Fund, Canal Zone Retirement Fund, Alaska
Railroad,
Revised.
Retirement
UNITED STATES TREASURY
issue of certificates of indebtedness
!;!•,;
'
Treasury Financing in April
An
was
.
out
offering was for $1,500,000,000 and slightly more
amount
accepted
was
of
out
Tate
'
.j r\-
/t •.. :
i
[■
!'
:
FINANCING DURING
Amount
Dated.
Applied for
%
•
Jan!
.2..
fan.
Jan.;
16.-- Jan.''21
Jan.
23— Jan.
351.600,000
150,230,000
384,694,000
351,585,000
150,047,000
days
91 days
-
days ;■< 371,501,000
Jan. 12. i Jan.
15 O^years
1;013,839.300
Jan. 1-31* Jan.:;,; 1 ,10-12 yrs.
1,074,029,3u8
Jan. 1-31; June1
1
12 years
4,865,000
Jan. 1-31. Jan. r J
,
2 years 'j .237,750,525,
repre¬
indebtedness.
new
In
-
announcing
the
issue,
'
the
of the
Treasury
certificates,
offered
which
chiefly in
mature
to
response
in
six
months,
the indicated
January
were
30.. Feb.
6_. Feb.
11
91
numerous
corporations for
a
security with
a
maturity
bills,
ury
Both bills and certificates
have^ maturities
up
to
lies in the fact that bills
and
the
year.
a
permitted to-;
Their chief difference
Feb.
tificates
The 0.50%
are
Defense
bond sales
show any
not
last
10-12 yrs.
12 years
>1
'385',802,000
4,696,698,550
i
1 ; A.2 years
710,837,192
3,825,000
126^119,475
Februar y total.
Feb.
on
the bill;
4
91
91
Mar, 13.-
Mar.
1-31 June
J
tions
'
j-
510,228,000
471,349,000
w
12 years
«:
•
234,788,4 00
total.;.
'
Bills outstanding increased by about $300,000,000 in
as
there were no maturities in the first twoi
April
Offerings of $150,000,000 each
were made each week of
April and the. yield on each J
whs
higher than the one preceding; the first week's !
offering went at a yield of 0.221% and the last at
„
;•
Following is a summary of the financing carried out
by the Treasury in 1942:
"irii
*0.250%
*0.263%
*0.266%
v;; 2 H%
-
va
100
:
;
100
tails
of
150,194,000
150,273,000
,
.
2,230,000
234,788,400
)
Mar. 27.. April
1
3.. April
8
78 days
72 days
91 days
99.951
Apr. 1-30. April
10-12 yrs.
1
Apr. 1-30. June
356,653,000
333,669,000
311,219,000
332,677,000
!
1
12 years
1
Apr. 1-30. Jan.
,
■
99.953;
issue of
j
i
four
five-year comparison.
a
we
give complete de¬
flotations, during
April, including
kind brought out in that month.
any
BONDS
AND
*0.222%
*0.229%
*0.195%
*0.203%
:
2%
';■■■;
;•;)'];]
PUBLIC
•
(ISSUES
MATURING
LATER
YEARS)
77:
UTILITIES
*$5,900,000 Central Power & Light Co. unsecured 2M%, 2H% and
3% notes, due serially Oct. 1, 1942-April 1, 1952.
Purpose,
"'f
;
•
refunding ($5,550,000), additions, extensions, &c. ($350,000).
Price, par and int.
Sold privately to First National Bank of
Chicago and Northwestern Mutual Life Insurance Co.
U
b
.
NOTES
THAN FIVE
*254,000 Springfield
-
>
.
City (Mo.) Water Co. 1st mtge. 4% bonds,
series A, due April 1, 1956.
Purpose, reimburse treasury for
j
:-i-
J.
total
.
536,3.15,455
1,695,000
2 years
254,682,200
.
—
5,154,000 Placed privately.
150,435,000
99.952
*0.221%
150,414,000
150,073,000
99.947
99.929
150,058,000
99.920
150,125,000
99.915
*0.264%
*0.281%
*0.317%
*0.335%,
0.50%
100
1,507,035,000
536,395,455
1.695.0(H)
100
100
American Transportation Corp. 2)4% equip.
certificates, series 35, due Oct. 1, 1942-April 1, 1952.
Purpose, purchase of new
equipment.
Placed privately
through Kuhn, Loeb & Co.
trust
2%
254,682,200
:
EQUIPMENT MANUFACTURERS
*$3,000,000 General
b
a
a
3,050,912,655
OTHER
1962.
Total 4. months
10,338,522,337
2.90%;-series F have a 12-year maturity, 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 2J4
'
-*•
•
'
-
.
Purpose,
pay
debentures
($12,977,000);
pay
notes
Parker &
Redpath; Bacon, Whipple & Co.; Baker, Watts &
Co.; Baker, Weeks & Harden; Bear, Stearns & Co.; A. G.
Becker & Co., Inc.; Biddle, Whelpn & Co.; Blair & Co., Inc.;
Blair, Bonner & Co.; Blyth & Co., Inc.; Bodell & Co., Inc.;
interest,
b Comprised ol two senarate Issues, designated Treasury notes of tax
series A-1943 and tax'series B-1943; series A earn about
1.92% a year and series B,
"
AND MANUFACTURING
payable-ana short-term notes payable to banks ($87,023,0001.
Price,
100 and int.
Offered by Morgan Stanley & Co.;
A. C. Allyn & Co., Inc.; Almsted Brothers; Auchincloss,
*
0.48%,
INDUSTRIAL
$100,000,000 American Tobacco Co. 20-year 3% debentures, due April 15,
Boettcher &
5
Co.; Bosworth,
Chanute, Loughridge & Co.;
u
figures
the
During April, 1942
LONG-TERM
Average rate on a bank discount basis,
a Comprised ol three separate series, of
widen series E have 10-year maturity, are sold on a discount basis at 75, and yield
about
in
Details of New Capital Flotations
j
va.lv'i)
100
100
*
April
months'
improvements.
April 10- April 15
April
the following pages
four
: 2%
■>-.pAA
;;
99.944
;»
Net retired.
corresponding periods
the! capital
a
! 99.942
150,262,000
564,506,282
3,062,250,000
,
100
•
Fund,
Corporation, and
♦0.220%
99.933
150,477,000
,
7,287,60.9,682
6— April 15 Nov 1, '42
•
150,445,000
Insurance
-
I 99.993
'
the
2,953,713,867
375,372,000
0.335%.
991)94
:
for
the
preceding, thus affording
every
•
1,402,730,682
91 days
month.
V';.'
V-;
those
April and
on
Along with the full-page tables,
2%
.,1.b
;
■=.;# 99.937
1.512,334,200
710,837,192
:
3,825,000
'126.119,475
—;—i
] 91 days
•
r
>
months.
April 24_.' April 29
the
: >
150,092,000
2,230,000
2 years
April 17.'. April 22
of
•
.
Life
a
150,049,000
564,506,282.
April
weeks
a
(150,012,000
;
;535,476,000
512)778,000,
if
these securities must be stepped-up materially
]
they are to be effective in closing the inflationary
j,
; budget gap.
The Treasury deficit in April exceeded
$3,000,000,000.
;
v;
; ;
i
U,« A
sales of
:
years
100
the
compare
•
Total 3
;
-A
i91 days
1
March-
improvement.
-p
10-12yrs.
.
1
1-31 Jan. '•
days
days
91 days
Mar. 18
Mar. 20-v Mar.; 25
Mar. 1-31 Mar. yl
Mar.
month, totaling $536,395,455,;
Sales of these obliga¬
aggregated $564,506,282 in March, $710,837,192 in
February and $1,074,029,308 in January.
Obviously,
27.; Mar.
p
Mar.; 6— Mar. 11
rate attached to last month's cer-y
with a yield of 0.264%
issue brought out a few days before.
1-28 June
'
*0.231%
2%
comprehensive tables
:
sold to the
compares
•
1
Feb. !l-28 Jan. 5.
highest bidders
their yield is determined by the difference between
price paid and 100; certificates carry a fixed rate of
interest.
did
Feb. 1-28 Feb.-
are
399,966,000
342,087,000
.99.942
ioo
.410,057,000
days
,91 days
91 days
25 ,13 1-3 yrs.
Feb. .13- Feb.
somewhat longer than that currently attached to Treas¬
days
91
13- Feb.] 18
Feb. 20-i Feb. 25
Feb.
with
100
2,931,165,133
4
Feb.
*0.196%
237,750,525
jtotal..
Jan.
desire of
99.950
1,074,029,308
4,865,000
>
,
Morgenthau explained that
we
1,013,839,300
v
Secretary
99.940
the
*0.304%
*0.119%
>
x
Yield
■.
99.970
>
150,330,000
150,074,000
28 y-91
'
sented
Price
■
<
71 days
•
14
Government
Federal Savings A Loan Insurance Corporation,
91
7
,
9.1 Jan.
Jan.
subscriptions
The entire proceeds
*
Accepted
Fund,; Postal Savings System,
National Service Life Insurance Fund, Federal Deposit Insurance
Amount
•
aggregating - $3,062,250,000,
;
1942
In
by the Treasury last month, the first since 1934.
that
'
Offered
brought
The
than'
to Ad-
Justed Service Certificates Fund and Unemployed Trust Fund, and notes to Federal
yT
-
£,t'
>7 '-
->":•■
t
't.'l.u
H
O
o
M
x
3
w
a
o
w
o
>
>
o
>
o
w
o
a
H
f
o
£!
r1
3
o-
*>
H-t
03
0J
►—1
III
»—I
t—I
00
00
t—'
to
to
to
to
70,425 672.936
7.690
Total
6,750 U 83.7250 5.24,30
Refundi g 6,750
1938
7,690
15.729,30
3.540, 0 62,370425 12.39,416 "250*. 0
6,750
%
Total
1938
13 7520 743, 61
" 7*0752 7I- 539,416
3.540. 0 62.30 1.60 ~2 5~0 ,6
Refundi g 6,5*0 "6 6*.bo",0 "2*5b",6
8,43 61 23.75,0 50. 3,658 352.1,09
V
"
-
Capit l 10,94.0
1.6o3, 1 140, 0 4,79 358 196,482.719
New
S
Total
60,5 .0 6*,b "6 *25"O,6
153,06.5 24,356~30629,60592 52,0 0
259.6392
;
-6.750
47,53.40 01.0200",29,60 592
78,20.42 1,950, 0 63,97 0 450, 0 14,297 4
10 ,0 0
246,7852 2.850, 75,4 615 34.8726
Capit l
$
New
185,2608
Total
52,798 0 8.163,752
Refundi g 154.90753 37,54",527
1940
617.162
New
New
109,54 0
39.46 5 645, 20 61,03916 746,8015
15,64.03 260. 56,247.085 26,1480
NOGEARWNUFPID
90
Refundig 18.527,0
18,527.0 080,5400 5,26079 104,327.9
Capit l 91,027 0 4.265,6 1,8203
97,14.03 9,720, 0 50,98628 157,820.91
$
New
New
10 ,0
'
9,10 0 15.47,0 1,42730 2,60 0
C\apitl
New
6.1540 03~,000".
47,0 0
2,50,0 10,39 0 9,10,0 18,40 8 6,180 3 2,60 0
2,853*,806 5,038^165
50 .0 6,087 03 06,1*504*, 03",000",
5,87,03
91,027 0
Capit l
New
3~,bol6 87,423^0
105.987*03
50 .0 6,087 03
"
604* 0 boa0 93,01*03
0
81,4538 97,30 415,9852 1,6250 1.3267,5
617,162
Refundi g 540, 1835 3,0 0 10,329 08
645,8.905 85,370 207,9403 93.198
Capit l 9,27645 10, 0 23,4682 3.12,31
1940
YAF3EMFPTINOMIVADROUAHL0NUSOCLPDG
53.925 10
107.835
3,14 035 39.46 5
50 .0
50 .0
*3
639,8130 13,0 124.75690 3,740 93
165,92478 1,90. 208. 4,59 1,625(0 387,456.37
810.56230 3^,690 92.8,725 8,208,612
946,5037 4,0 0 751.432,0 409,138. 6 2.1 ,8703
540. 0
720.86,15 4,0 0 86,250 183,4658 94.5 6P3
Total
5, 0, 0 12,97 0
5,87.03
16,38 7 20, 0 43.51*60 28,7062 90,6.9
..
450, 0
New
246.78,5
47,0 0
1.425,3791
Capit l 14,6059 2,60,0 3,18940 45,7437
:
,
641,035 641,035
450. 0
376,95310 3,0 ,0 72.03*60 63.15,602 51.67912
S
>,042
350, 0 6.096,173
543,09764 23,0 .0 506.84*0 352,06 4
Refundi g 258,74910 7,0 0 58.365 0 309<10 52.0 0
78.20
-4,0 39,1860 29,6072 7,40,0 1,92850 25,08965
18,5270
604.0
;
109,540
Refundi g 5, 0 12,97 0
1942
"7*0 ",60
-
1939
2*,5b",6 10,39 0 13,0 57,86.0 35,78 10 10, 0 1,975 0 28.0, 146,50.
1,350 2*.853*,80 5,"038",i6
58",965 708,965
28,43670
10,4*0
Total
CHAR TE
agencis.& Poesin._ bfuontadyies
"1*50* 0
3,50 , 0 39,1860 29,45720 7,40,0 1.928,50 25,0 0 106,47 0
1941
"
50 ,0 0
'
•
25198..67693350
50 .0 0
;
5,846*173 2,79 63 8,1 4,0 16,7 967 2,694,0 8,104 70 1,80 0
y.
:
"74o".6
12,75 6
12,8950 154,30. 219.64,017 1,40. 0 498.236097
37,8950 9,60 0 61,5.740 46,05347 52,0. 0
Total
yf
10 , 0 8*.735*,720 2,694*0 5,24.07
00
T$"
New
13,92 67 38,162 89 82,5.0 41,2356 36,0 0 1,30*6 0 13,67162 ^b abo 16.92,67 192.35 42
17,5690 l",306* 0 5,417,62
"1*5*0",
642,0
Capitl 13.8051 3,981625 4,6 145
1.683 61
350, 0
19,768 0 60,9265 90,36 0 58,0260 36,0 .0 4*.0 *60 21,74 23 1,80 1,0 .0 23,018 0
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30.62,592 579,0 5.0 ,0 30,98*1642 40, 0 1,40. 0
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8,1 4,0 8,031,247 2,480, 0 1,80 0
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4,265.6 1,82.03
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50 ,0 0
Refundi g 82,5 0 23,718 53 6,0 0 8,2 0, 0 l.b '.bo 3,0 ",0 154,90753
107,8.35 27, 50 39, 462 174,80357
106,471 0
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850, 0
New
OSUMFARY
515,0 0
146,50. 673,1 0. 10,974538 921,64 38
Capitl 28,43670
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New
Total
Refundi g 650.9465 18.0 ,965 1.29 5
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1941
Capitl 159.607,35 16,0835 41,69820 7,68,612
25,842 65.207, 25,678
New
FGAOVREMNT.
421.875
372,905 76.04*708 2,67.905
Total
1185,,654270.03 FCOREPIGNAT, Refundig
97.14,03
850, 0
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1942
1.736,40
472,0698 28.50 265,73.01 96.05,649
158,362940 1.20, 4
159.483,16 162. 0, 78.9304 40.632,198
421.875
Capit l 214,567. 0 74.92648 2,67.905
OSUMFARY
850, 0
312,59824 6.450 186.734,2 56.973,451
New
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AOPRFIL Corpate— Domestic— bLoonnango-tetdesrs.mShort-em stock. stockCandianbLoonnaongt-edtesrs.mSh;or_t-emPresftocrked. stock foreign— bLoonanngo-tdteesrsm. Short-em stock stock. corp_ateiCGoavnernmdiatnforegoveirgnmn.LGoaantnd, Staes toal idnficgnluuoordeest OAPRFIL NLBootenosag—n-Tdersm utiles Equmainpufmcterenst anodi indausntrdl b&uildcngs, httorraluddisnintgg,,,Miscelanous f_SBhooarnt-Tdesm _ utiles&sccotopeaerll,,,Eqmuinpufmtent aacensordi,indausntrdl &buicld_ngIs, ___ httorraluddisinntgg,,,Miscelanous Tiotal._ ' utiles sccotopeaerll,,,Eqmuniupfmtx:en_t acaesnorid. indaunstrdl &buicld_ngs,i■__ Shipng.htotrrladudisnintgg,,,Miscelanous '-r.Railro_d__s. utiles.&cscotpoeaer.ll,,Eqmuaniupfmtent acaesnoridindaunstrdl _&buildcngs, httorraluddsiinntgg,,,Miscelanous sceocrupritate AMEPNORDNTIHLS Corpate— Domestic— bLoonnango-tdteessr.mShort-emPresftocrekd stock Can>dian.bLoonnango-tdteessrm. Short-emPresftocrekd stock foreign— bLoonannog-tdteesrsm.Short-emPresftocrked stock corpateGCovaenrnmdiatnforgoeverinmgnGLoaantnd, ♦cMunpal—St,PSostaeiens toal idnfincgluuordeets
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MONTH
Com on Other Pref red Com on Total
Pref red Com on
Grand
These
MONTH
manufctrig &c Notes— manufctrig _ &c_. &c_ manufctrig i_ &c _^ manufctrig _ &c 30
Total,
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Railroads Public Iron,
Other Farm United
Motors Other Oil. . Land,Rub er. Ship ingInv.
Railroads
Public Iron, Motors Other Land,Rub er Ship ingInv.
*■
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Iroir, Motors Other Land,Rub er
Total_ - Total—
Inv.
Total
Public Iron, Motors Other OU_ Land,Rub er Ship ing Inv.
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FORCEIGPNAT,
47,5340
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Capit l
641,035 7,324, 0 3.067,50
1942
23, 630 1.60.0 106.49,0 60. ,0
708.965
g
Refundi g
23. 630
16.8 ,15
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$
158,4305
134,9085^350, 0 7.324,0 3,067.50
Total
1941
53,925 10 5,0,0 57,461 05
31,025 47 15,23 7 7,546,590
Refundi g 1,60,0 83,16 30 60, .0 174, 50 "7*04*00*, 12,75 6
Capit l
192,3542 17,350 18,2401 27,98.452
10 ,0
53,9628 1,60. 107. 860f 65.0 C :31,*579 40, 0 1,83.0 13,25.0
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FOMAAFYTMINUPELIHOVCRGFPDVLESGNLRMT, GovFetrnhmdfargoS.lnmtauciypnleesd
Capit l
$
2U6.0S5
23.85130 30*.Oil",592 "Yob",0
Total
1939
13 ,520
1,60 0 83,27.30 65,0 0 1,4 20 40, 0 1,780 13,25.0
3,540, 0 1,80 0 5.60,0
New
18,769350 20,75 0 1,360 213.879,60
13 *526 743, 61
5397416
"70,425
$
•
Refundi g 105,93 05 23, 6.350 52,0 0
1939
19,75890 178,250 51,72350 42.36,40
$
1938
10.94,0
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2.70, 0 75.08,37 450, 0 358,17.429
314,6507 3 ,025. 271,39 67 1,40 0 920,47.3
Total
~
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70*425 672.936
302.5 0 2,650 5,04,25 ,4615
Refundi g 18.72,190 2.08,0 1,02,80
"13 *526 78.43 61
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THE COMMERCIAL & FINANCIAL CHRONICLE
/'Number 4073
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;'• *6,000,000/tures dated April 16, 1942—$16,645,000, 0.65%, due Nov. 2,t
1942: $25,615,000, 0.75%, due Feb. i, 1943;
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Purpose/refunding $38,540,000:i
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new money $9,720,000.
Price, publicly offered debentures,.'
Pr^PH\ateiy Jllaced
prices t0 yie,d 0.40%. Offered
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Price $29 per share.
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Price $22)4 per share.
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i«itjoi
..
Harvester
stock (no par)..
'
jt-
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lOO eo
q©q© iqqo
,
Price, $14 per share. Offered by Paine, Webber
' ' !q;—r■ q■
.
(par $20).
;
,
,
(
common
fV,.-^^;©^££Dodg«i & Co:; Lee Higginson Corp.; A. C. Allyn & Co., Inc.;
;rBacon, Whipple & Co.; A. G. Becker & Co., Inc.; Biddie,
v
J : ' Whelen & Co.; Blair, Bonner & Co.; BIyth & Co.. Inc.;
Alex. Brown & Sons; Central Renublic Co.. Inc.; E. W. Clark
& Co.; Curtiss, House &
Co.; Paul H. Davis & Co.; Dillon
'66-6
.
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i
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666 ! Ifh iJ® 1
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2.690 shares of capital stock
share.
Originated with
per
-
stock
'Xs:,V & Co.
...
ioq «
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94,350 Firestone Tire & Rubber Co. 6.290 shares of common
Offered by Hayden, Stone & Co.
- -
.
•oo »i
lOC
stock
common
Xiii: -:l^fice, $15 per share.
(
lOO o
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of
84,000 General Telephone Corp. 6,000 shares of
;
;
lOC
I©,
ICO
I
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Kidder, Peabody & Co.
i.
CSO'
C'OO
CCOO
(P^r, $2.50).
,
»-i
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Inc., 8,700 shares
Sachs & Co.
;; ,:t
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NOT REPRESENTING NEW FINANCING
Price, $11 per share. <y Offered by E. Eberstadt.
117,000 Archer-Daniels-Midland Co., 4,000 shares of common stock
(no par).
Price, $29)4 Per share.
Offered by Goldman,
m
■
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iqq
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.
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!§©©'|;
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•
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66
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LOAN AND GOVERNMENT AGENCY
$42,000,000 Federal Home Loan Banks consolidated debentures ($18. '*
f
,
000.000 %% sories J, dated April 15, 1042. due Dec. 1, 1942;
$24,000 % % series K. dated April 15, 1942, due Feb. 1, 1943)'."V
"
> Purpose, refunding.
Price: series J offered at prices to yield
;
0.65%; series K offered at prices to yield 0.75%.
Offered by
Everett Smith, New York, financial representative.
IOU500
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6-
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6-
1
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Inc.
$2.50).
working
•.<-
(
-
Purpose,
Zion's
capital,
for
765,000 Lipe-Rollwav .Corp. 76,500 shares of conv. -cumul. - pref.'
stock (par $10)
Purpose, acquisition of stock of constituent
company, working capital, " Price, $14 per share.
Offered
by Barrett, Herrick & Co., Inc. •••'
\:C\-y, r.
3,000,000 Pet MiIk-Co.-4+4% cumuL pref. stock (par $100).
Purpose,
r.'
retire bank loans, increase working capital.' Price, 105 and
MANUFACTURING
166,667 shares of common stock
pay
equipment,
&c.ii. Price,. $750
per
(par
7%
Co.,
Offered
share.
Van Grant & Oo.; Alexander & Co., Inc.; Ames,
by
Emerich &
divs.
Co.', Inc.; Brown, Schiessman, Owen & Co.; Eastland. Goug-
V
-1.''
.
0.
H,
Wibbing & Co.;
Crowell,. Weeden &
5-29
5-29
5-12
6-10
5-27
6-
>
.Brothers; R. H. Johnson & Co.; Kalman & Co,;
*
•
•
i.,
;
Inc.;:Van Alstyne, Noel & Co.; Searl-Merrick
Co.; Hill Richards & Co.; Lester & Co.; Park-Shaughnessy &
Co.; Henry C. Robinson & Co., Inc.; Bigelow-Webb, Inc.;
H. H. Butterfield & Co.; Murdoch, Dearth & White, Inc.;
Cavanau«?h,
<
.
:,; "1.
Robinson,
Miller & Co.,
1
Morgan
&
Co.:
Taussig,
Day
&
Co.,• Inc.;
Bond &-Goodwin Inc. of III.; Enyart, Van Camp & C0,iInc.,-'and Hurry, Hiigers & Co;
v.
.
5-12
1
5-11
5-29
.
6-12
6-15
6-15
■
6-13
6-
1
5-25
5-
5
$1V2
6-
1
5-11
J25c
7-
1
6-15
-JX $154
8-
1
1
7-15
11-
2
10-15
11-
2
10-15
10c
(quar.)
: .7
—
Sheet
-
$1V4
....
7-15
■„::
pref.
$1
.,
6-
1
5-18
40c
6-.
IX
4-20
3%
6-
6
5-
25c
6-
1
5-20
6-20
$l3/4
j.
,
7
„
XX.
& Tube,
1
8-
1
10c.;
5-30 r
25c
75c
common
preferred A (quar.)
Co-operative Mercantile
?> 17-
25c
J.—
Co.———
H.
Co.; G.
■
•
;.,l T'
r
Walker
'
'
6-15
7-
$1%
7-20
■5-20
,
1
5-23
6-
6
Institution—
J
:;50c
:
6-15
6-5
—
50c
9-15
9-
5
50c
Quarterly
—
books
•Transfer
;
5
12-15
12-
5
not closed
for
this
dividend.
tOn account of accumulated dividends.
tPayable
in
resident tax,
Canadian
funds,
deductible
tax
15%; resident tax, 2%."
a
at
Less British
the
source,
income
Non-
tax.
'
572,000 Vinco
Co.; ' Mason
-
r
Offered
by Kidder, Peabody &
& Co., and Harris, Hall & Cd. (Inc.);
)
"
•
:
lass & Co.; Ryan-Nichols & Co.; Sills. Troxell & Minton, Inc.;
-
5-15
$1
35c
—
Quarterly :
*
bank loans,
redeem
5-22
$1
Products
(Rudolph)'
Quarterly
■
5-15
>
50c
—./i";
•
$1,250,003 Ampco Metal,
4-15
6-15
common..
554%
CM
:
OTHER INDUSTRIAL AND
•
1
5-15
6-12
25c
____±—:—
Youngstown
/
-
6-15
1
i-,..v
Tube
Monthly
Wurlitzer
riw
5-14
5-15
1
—————
Monthly
; ;
1° -»!
5-29
25c
43%c
(quar.)
Woolworth, (F. W.) Co.—^—
Woolworth & Co., Ltd.—
'
6% preferred registered (s-a)^:
Wrigley (Wm.) Jr. & Co. (monthly)
!
Slaffl !"SsS2i^S3HWii ^5-0
?
33
3 2
^
!« 3
!»
Extra
Wolverine
S.5
I.
I
7-
$13,4
Corp.
Gay
Quarterly
3
F-,,13:3 9 53
6-15
•
1+4 Q
«
5-15
1
6-
q-:
'.9
:gpl31:: :s.
!.!
5-13
1
7-
(irregular)
(irregular)
Williamsport Water, $6 preferred
Wilsil, Ltd.
(quar.)——
:
Winsted Hosiery Co. (quar.)-.
^
i"!
'a^.2 »
<•
e
Wilcox
I I
1 1
1 o
1
6-
50c
$154
<
8-
1
I
M
CO
1
1
lOlO
5-15
5-15
>$2,/a
(quar.)
preferred—..
Chlorine
7'
.
Instrument
Electric
of Rec.
1
6-15
Wheeling Steel Corp., common
50c
$5 conv. prior preferred (quar.)_
$154
...7- 1
Previously reported incorrectly at $1.75 per share.
Whitaker Paper Co., common
7- 1
$1
b 7% preferred (quar.)_
7- 1
$l3/4
Whitman (Wm.), iVo preferred (quar.)
$1%
,V?7- 1
Wickwire Spencer Steel, common, vtc
6- 8
50c
x
»-l!
.;q
preference
conv.
Westvaco
,r^t^o .,©xt- ©
i®XX j
lOO »o
ICDOO
lOOlOO
WMtCO
f-t+r
Tf
Co.,
Virginia Coal & Coke
Weston
COCO
ccoc
Snowdrift
&
6-
(quar.)
pref. (quar.)
Inc.—
Westinghouse Air Brake Co
Westinghouse Electric & Mfg.,
05
;•:
.
Oil
1
$l'/2
conv.
preferred (quar.)—X
West Michigan Steel Foundry Co.—
7*%>
preferred (quar.)
!rj • ! I Jcibo J I | J 6
,00
|f*
1 00
v -
i
Co., $1
Mfg.
convertible
$4
iC
,
6-
$7.14
,
Holders
Payable
50c
■-
preferred (s-a)___:
Grape Juice, 7% pref.
Welch
Wentworth
r-^cO'
Ol
share
•
s
5% preferred (s-a)„_.
,'s.
Wayne Knitting Mills, common (irregular)—.
Jppi-I
I
,
...
■;/ 5 % preferred fquar.)
'OOIN'X
©XO©
,
Name of Company
••
Foundry & Pipe Corp. (quar.)—.
Warren Pipe & Foundry Corp. (special)
Washington Ry. & Elec. Co.—
.
t!
.
-
-
Warren
II'"
'Op
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:
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6t66 Jnco'-h J J Jx*'>"
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Corp. 104,000 Shares of common stock (par $1),
Purpose, working capital. - Price, $5.50 per share.
Offered
fPst to stockholders, unsubscribed portion offered by A. M.
Kidder & Co..
$5,587,003
"';'•'•
;
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.
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'
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'
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■
'
'
'
Transacted by R. L. Day & Co., Boston on
;
$500,000 Rochester (N. Y.) Trust & Safe Deposit Co.' 10,000 shares'
of $2.cumul. conv. nref. stock (par $50)Price, $50 per share,:
61 ••'"■•
Purpose, additional capital funds.
Offered by George D. B;
•
Bonbright & Co.
•
;
..
...
.,v..
—
.
:
-
.
May 13.;
Shares
...
6
v'...'• 4
^
Minnesota
Draper
Wednesday,
'
Power
Corp.
........
&
$ per Share
...
Light Co,, .7%.
pfd., ($100 par)
—
68V4'
55Va
■I:
THE COMMERCIAL
1894
& FINANCIAL CHRONICLE
■
THE COURSE OF BANK CLEARINGS
West
■
Virgfriia—Huntington.
Richmond—
.
South
■
1941
1942
,
1
:
,
341,716,328
+
+
13.2
225,070,419
101,991,909
122,500,000
-
Francisco
105,000,000
138,950,733
Cleveland
157,932,333
135,642,970
87,796,189
+
|
5,548,620,603
]
1,214,896,984
6,763,517,587
Saturday and the Saturday figures are not available at
Federal
»
+
Reserve
"
_
;
1st
Boston
2d
New
3d
.
'
—
York—
5th
+27.6
240,747,667
2,586,764,665
Sioux City^-wa
381,097,305
Atlanta
"
"
265,229,478
T-
177,200,353 '
8th
208,633,212
4
"
7' *■"
L 10
"
Minneapolis
City
6
x—•„
Francisco
"
«
+27.1
170,458.877
10
468,239,532
Total
;
_1
York
New
L
32
(4 cities)——]
—j:
H
+26.0
128,114,046
66,914,114
62,137.756
285,833,133
+20.5
215,294,269
cities
7.252.728,333
5,932,735,066
+22.2
4,913,753,167
3,031,802,843
'+-24.9
2,432,343,597
I
$
^
Reserve District—Boston-—
Federal
First
Massachusetts—Boston
River
Fall
(7 cities)
247,561,178
+ 29.2
204,508,789
Total
7.0
655,244
,
New
New
Haven.
-A*—
2,240,712
5,472,830
Island—Providence—
+
0.9
v.
(10 cities)
Total
; f
,
.
cities)
(12
f
t
■
.
;
"f
2,793,370
25.011,223
4.1
2,311,685
1,927,849
•
...
'X-'" '"IvV.-yV'.
y•
+ 15.3
+
i
+ 31.3
765,827
1.6
841,139
785.867
18.1
2,954,537
3,087,880
+ 25.6
114,434,560
103,295,864
~
3,309,147
;
City—
+
669,358
119,778,551
i
•
^89.319*'
<
^
Reserve
•
<
95,668
IA ,137,713
Ave 147,516
3,102,963
3.105,709
30,570,256
30,025.445
,
+30.5
3.167,048
—12.5
1,997,393
+33.2
'2,731,623
2,494,774
109,098,908 A +25.6
85,244.156
80.040,586
2.890,483
2,924.101
626,629
802,048
;
3,587,524
A
:
+
*
3,255.939
;
Ac-
+26.0
649,642
+ 127.9
-823,093
—14.0
159,308,560
+ 26.0
v
•
200,768,973
District—Dallas-^-
125,155
5.9
+11.0
35,061,068
,
'
4,778,235 A;
4,101,794
yI—1— :
+54 6
—
3,356.008
; 2,771,958
1
122,431 :
A 186,899 A
.
+.137,078,901
:
,
A
"
t
-A
*
.
45,760.840
'
«• ^
.
2,174,980
687,675
686,705
128,114,046
122,497,532
;
■+
2,667,309
1,779,371
+ 49.9
1.825,583
2,128,520
62 1*79.,?01
+ 21.5
50.769,150
47.120.243
8,522,972
Al 2,412,000
+ 27.8
7,771,575
2,348,000
7,067,336
1,160,287
—10.3
994,519
A:A 928.511
4,001,677
3,354,193
+ 19.3
3,205,287
3,235,146
97,029,543
—.
79,401,024
+22.2
66,914,114
62,137,756
/A. 7*
^^—4™ .•].
nos
10,891,386
Galveston——
2,yu*,ou0
Pallski:4i2-4x
44
1,041,146
w
]Louisiana—Shreveport-.44i™—4~«. ]
;
+ 20.4
A
:
1,658,000
(6 cities).
Twelfth.. Federal Reserve District—San Francisco—
1
A
1,802,320
14.3
4,048,476
4,157,791
11,718,800
10,904,400
504,932
530,841
Stockton
4
—2
4.',+
+ 78.8
3,454,538
+
'
■
3,014,339
3,042,300
1,253,849
3,174,825
;|.AAAiv.AA--.7]
f »
+ 37.9
30,200,625
1,027,445
1,565,720
3,122,139
=
1.6
+
33.465,428
:"A+
'32,884,999
:
3,554,290
4.0
-:A
2,941,767
+ 12.3
0.9
2,765,435
—19.9
'a
1,315,677
2,182,322
344,505,665
A +285,833,133
+ 20.5
215,294,269
223,738,021
7,252,728,333
5,932,735,066
+ 22.2
3,786,942,767
5.186,972,758
3,031,802,843
+ 24.9
4,913,753,167
2,432,343,597
y
;x
York
x—
x-
2,375,755
1.357,810
2,260,624
1.7.
+
980,614
3,567,298
132,736,000
124,580,000
—
>
28,711,239
14,326,071
4,077,617
13,721,274
t J-
(112 cities)
New
4,124,656
160,600,000
x
:A.+
Outside
+ 34.8
180,282,000
,..T9tal <10; cities) ——i.4—x
240,980,354
240,747,667
15,951.085
•A
7,375,899
x_i—
A.•••
+ 27.2
3,316,250
Francisco
A-
42,566,472
21,496,273
:
Pasadena-:
12,289,215
+27.6
:
Santa Barbara
2,106,341
10,361,626
1,207,284
'
—_4—4„
Utah—Salt Lake Cityj.A—
California—Long Beach
San
50,198,939
1,227,011
54,137,351
'A
;
3,209,729
3,400,772
69,227,868
•—
x—X*
Yakima___
Oregon—Portland
San Jose
+ 23.8
288,602,474
368,274.098
———
-
124,390,897'
69,020,317
Fort'' Worth—--A.4—4__.2«——:
Grand Total
•
566,000
134,037,493
3,524,205
Springs^—1,480,262
J•
707,842
Federal
Wichita
616,876
+ 46.5
12,232,600
.V+tt 520,034
762,079
15,990,342 A
27,834,869
'
„•,/
Dallas-'^—x™4—4+-1
a
} i '484,406
4.1
.+
31,934,555
76,202,298
—;—3—:
Eleventh
-
654,990
+ 19.6
4,788,810
15,141.000
—.
Hampshire—Manchester
<
681,303
—■
12,404,570
:
,
386,794
3.8
—
3,593,254
14,830,175
—
—13.3
551,559
2,331.849
—_—;
Worcester—l
—
-864,747
3,560.897
_——
Connecticut—Hartford
Rhode
477,954
831,695
.
Bedford———
Springfield
864,019
684,000
424.6
—
——;
Texas^AustiiiA.A.»L+—__i—i,——4
204,045,443
;
5.0
+ 33.4
175,874
,AA.: 3,723.948
-J—
Joseph-i_AJ—_-_J—
Pueblcr_2
1,828,447
,'V
A
28,168,280
4.—.
—
-.Washington—Seattle
561,660
1,812,930
•+
A "
.3,366,294
150,473,162
Colorado—Colorado
455.896
4.5
697,864
75,900,000
32,766,996
80,466,330
3,909.273
Omaha^—A.—
-
*
319,766,053
— — 803,346
—.
—
Lowell
New
i
+ 56.2
■
.
.81,400,000
:
3,882,211 i
i
;
\
••
AAA 19,186,497
—
921,779
Total
:
$
<
t.:
-L
■.'".■j
1939
1940
2,283,127
—i
•/..'
.v,
May
%
]+
729,104
Portland-
'
12.7
+
819,143
362,777,913
3,567,117
Maine—Bangor
'i*
+ 19.1
2,727,578
Inc. or Dec.
i
446,524,453
37,569,345
!
907,234
St.
'
showing the figures for each city for the
1
I
f
'
1,414,084
-
-
100,290,068]
.
Missouri—Kansas City——
2,321,836,369
Ended
843,531
1,064,714
468,239,532
A 169,952,423 ' +17.6 A,
1,075,201
5,186,972,758
13,786.942,767
1941
282,992,867
••''a;
837.000
;
2.839,830
223,738,021
,1942
795,000
1—A
122,497,532
22.2
+M;aw-A:V':
A— 364,265
Aw 3,911,414
v;
■;+"I7]7AA]
A.—.
Wichita_-^_L__i.j
79,401,024
Week
,
•
3,522,346
4,287,846
!
+ 36.4
99,300,000
Dakota-»-Fargo_
a.
Clearings at—
1,116,772
8,932,570
•A'
1,288,831
1,514,252
-
7.5
-< +
26,232,275
199,937,015 A
Kansas-4T6peka——!
159,308,560.
;
We now add our detailed statement
the week ended May 9 for four years:
7.9
+ 23.3
43,583,148
Montana—Billings—
j;
200,768.973
442,341,709
1,149,361
3,539,649
'I
29,566,386
_A:1——
Paul_——A.—_J_
.U.
Lincoln—
103,295.864
+28.7
568,237,604
:
:A-Hastingix—-'.waaw A
124,390.897 '
537,382,673-
5,279,143
20,845,968
A :
8,493,449 +-A
■
'
1,512,698
-
51,275,629'
A
NebraSka-^Fremoht-4-.-I--J;
114,434,560
691,504,038
;
-
-
;
■■■
South 'Dakota—Aberdeen—ATI:
134,037,493
cities
—
1,687,898
118,300,000.
!
A
*
Canada
r -
+ ' 4.0
1
Minneapolis—
.
+ 25.6
—
112
-
City
5,737,138
>774,948,269'
Minnesota—Duluth
/St.
446,524.453
'
Outside
.
1,601,603
-
5,764,889
20,620,731
.fNinth "Federal Reserve' District—Minneapolis-
'344,505,665
4
/
V]
fFM'.-y*-
A A Total
153,785,125
+3^.4
+
;
6.2
421,649
J- I471,338 A +15.1 A', A A
+ 27.3
344,028,264
301,688,876
+ 1.1
A
A AAA 1,345,207
968,785
,
Total (18 cities)
<1
+ 17.6
*
A,. A Aj
Illinois^—Quincy™™
97.029,543
■:;
-
,,'aa
A 1,914,536
4.5
+ 30.1
4,207,012
v
•
1,118,884
21,514,000
:
•
1,360,488
5,281,707.
2,081,264
-1,626,413
1,436,400
1,898,459
19,715,000
+ 28.4
■
12,029,299
:AA
A':
+ 37.1 A-
1,433,952
*
?
•
.5,473,926,
']
Missouri—St.- Louis
169,952,423
"
,
vWrv/542,543
—i._
——
Kentucky—Louisville^iz^_Ux—71-LA
Tennessee—-Memphisi.—
a.—.
119,778,551
,
-
10th Kansas
11th Dallas
12th San
774,948,269
199,937,015
150,473,162
"
Louis
St.
Bth
18
—
-13,712,548
.
+
+
A
-■
126,023,916
136,234,159
,
1,840,490
,
••
2,751,058
'
2,645,354
A: 21,388,083
87,411,611
Ail,390,517
A
+ 10.2
,]; 6,682,462
•
403,218
i
Eighth Federal Reserve District—St. Louis—
250,755,845
271,416,480
+16.2
]
—1—
('•
370,109,900
508,237.604
-
Chicago
+-32.2
■A
"
7,095,388 "A
A; 29,322,540
i
■
+ 11.7
■
AAA]
3,109,460
: + 50.6
1,940,881
2.374,159
.
"'.'
90,144,221
4.9
—
LA 24,430,000
153,785,125
I-
329,021
+ 73.6
3,906,876
•
'i
+ 15.1
393,922
132,023,061
:
437,919,903
Decatur.
.
2,962,733,095
+ 15.4
359,869,525-
AAA
»
240,980,354
+-19.1
.
M70.458.877
A
2,765,300
—
-TenthsFederal Reserve District—Kansas
~
+ 27.1
119,433
35,786,692
'
498,372,685
6
]
Richmond
6th
7th
1939'
3,017,545,522
'
—
Ai
AM;
■228,602,474
10
Cleveland
"
2,263,481 f
•
174,458
t
368,274,098
575,093,327
475,890,656
205,864,966
10
U
W
■V V K1 f ■;p;': '
26,929,000
ii._—
Ben<L—i__.
Total
$
21,364,933
2,121,593
,
A
A 208,633,212
"
'2,651,955
,
.Helena—
1940
W
j.
>A
24,593,471: A
39,004,183
jc:A2,923,177 ':A. >
—„—
■:] Rockford-i-11-iA
Springfieldri—1___—
'
,
%
$
906,836
16,755,000
+ 25.4
3,713,625
,
•:
!<;
2,594,713,181
12 cities
12
"
Philadelphia
4th
r -
1,244,918
891,844
45,683,674
;
229,254,607:»
•——
—
Chicago^
,
!
1941
<
$
Districts
3,524,522
1,289,166
+ 40.7
+ 45.3
2,781,010
• 160,742 A +
6.0
:
•
453,395
—
]—i;——I—L—
Rapids_i
Illinois—BloomingtonxA:
Inc. or Deo.
1942
Week Ended May 9
'
:
AVA
18,686,000
A
District—Chicago
ilcago—
Haute—
North
1
,
by Federal Reserve Districts:
SUMMARY OF BANK CLEARINGS
]!
170,360
57,283,157
Wisconsin—Milwaukee_i^—____
Iowa—Cedar- Rapidsl^__'_——„——
;A Des Moines—
time of going
*
.
k
265,229,478
Reserve
Terre
whole country having amounted to $7,252,728,333 against
$5,932,735,066 in the same week in 1941.
Outside of this city there was an increase
of 24.9%, the bank clearings at this center having recorded a decrease of 4.8%.
We group the cities according to the Federal Reserve, districts in which they are
located, and from this it appears that the New York Reserve District (including
this city) recorded an increase of 19,1%.
The.best gain was had in the Chicago
District, where there was a 36.4% increase.
At Cleveland there was a 32.2% gain
in volume of checks cleared; Boston followed with an improvement of 27.6%. Atlanta
was
next with a rise of 27.1%, Kansas City of 26.0% and Minneapolis of 25.6%.
Dallas had an increase of 22.2%, San Francisco of 20.5% and St. Louis of ;17.6%.
Richmond and Philadelphia had the lowest increases in the country with 16.2% and
.
1,829,264
4,040,405
Lansing—
gate of clearings for the
,
'$i f,
26,844,837
7.2
elaborate detailed statement, however, which we present further:
,
18,619,310
53,200,000
37,781,627
-
a summary
+ 61.8
2,686,406 '"v ;■-A
:
4,038,890
19,959,272
] 59,700,000
\f- V-
lndianapolis___-
below
we
are able to give the final and complete results for the week previous ,— the
week ended May 9.
For that week there was an increase of 22.2%, the aggre¬
Federal
126,023,916
]<
A
+ 18.9
+ 29.2
1,660,260
A .£■
■
h
Accordingly, in the above the last day of the week in all cases has to be
,
? As
iw
Indiana—Fort Wayne-™-.
"
estimated.
furnish
1,268.353
A1,'
+ 22.6
4,911,474
24,714,047 S\
76,000,000
+
A: A 98.200,000i
+ 14.3
Grand
0.6
+
A- 29,383,793
.
—
Michigan—Ann Arbor
8.9
+
—
A A
6,021,466
I'*
—
+ 20.1
;,w Detroit
Complete and exact details for the week covered by the foregoing will appear
issue of next week.
We cannot furnish them today, in as much as the
•
136,234,159
1,523,168
Seventh
our
'
177,200,353 4 +16.2
;
South
j
7,249,224,488
t
22,717,459
Total (10 cities)——
.
-
63,566,500
25,824,351
•
4.6
1,208,204,081
■
1,261,256
68,310,506
+ 14.5
Mobile——
9.9
+
6,041,020,407
.
A'
+ 73.7
+ 16.9
24,354,000
9.1
1,054,058,965
j
1,102,979,995
+
4,494,561,638
4,938,040;412
In the following we
368,563
1,165,780
27,833,000
+ 16.4
95,796,136
—.
15.4% respectively.
35,702,038
34,486,230
Mississippi—Vicksburg—_
+ 39.6
In the
2,401,003
37,606,319
91,925,966
Louisiana—New Orleans—1—
+ 20.7
149,544,369
Baltimore
'■
2,691,000
+ 12.7
Alabama—Birmingham
+ 19.7
167,700,696
to press.
540,727
+ 34.9
District—Atlanta—
:;'Macon_i—
+ 16.7
142,863,000
208,720,130
ends
$
3,820,000
Florida—Jacksonville.:—
■
i
.
+ 16.8
I
—
A;
.1
+ 12.8
119,151,029
170,971,000
x,——
Detroit—_
week
'
771,394
205,864,966
Reserve
y a Augusta^—
11.2
410.000,000
253,874,045.
i
Boston
in
A
2,025,065
(6 cities).
Georgia—Atlanta-—-
5.3
+
379,823,113
—
Pittsburgh
1939
A-
At $
107,488,198
Nashville—A
464,000,000
——
.
Louis
".A
l
1940
j 39,478,146
Tennessee-^Knoxville——
%
2,655,985,721
2,297,571.930
—
Philadelphia—^
St.
i—
Columbia—Washington-
Sixth Federal
A-
$
$
San
1
:
A,
?
Ending May 16
City
Dec.
,
Clearings—Returns by Telegraph
Kansas
May] 9
or
] %
A
45,030,983
50,764,753
Carolina—Charleston—
Total
Chicago
Inc.
+ 23.6
V
--5,155,000
-
i—
Maryland—Baltimore—
District of
•
New York
]
A1
953,804
Virginia—Norfolk-^AA:—
$7,249,224,488 against $6,763,517,587 for the same week in 1941.
At this
there is an increase for the week ended Friday of 5.3%.
Our comparative
Week
A
1941
Fifth Federal Reserve District—Richmond—
stands at
for the week follows:
Ended
Week
i
$
clearings this week show an increase compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, May 16, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 7.2% above those for the corresponding week last year.
Our preliminary total
summary
■
1942
Bank
center
;i
*■
Monday, May 18, 1942
4—
2,321,836,369
■.
.Second Federal Reserve District—New YorkWeek
New
York—Albany.;—"'
Binghamton-
9,244,220
•
;—;
Buffalo—2
!:
i.
Elmira—L_
New
:
York—L—L—.
+
24.0
V
.
Connecticut—Stamford
i
-
'w
■Newark—.—c._™_
i
f
506,899
v
•/..
.27,591,745
1
2,481,409,570
3.9
7,245,469
8,181,422 I
7,778,688
4.368.328
+ 18.0
+511,595
5,189,119
4,319,240 A
0.9
448,687
—
,
.
.
1
405,779
•Canada-*-''
.
►
».•;.,+/
c,.
Toronto4_—
1 "
; »
<•"+-.-y. i. y2''^a:> +.
.
A—*.
i
v.
— 7.3
17,762,266
22,428,863
'+10.9
24,101,336
21,063,543 i
(12 cities)——
A 3,594,713,181
3,017;545,522
+19.1
2,586,764,665
Third Federal Reserve District-Philadelphia—
Pennsylvania—Altoona
Bethlehem—'
4
..
2,
..
.Philadelphia
Reading
.
..
,
1,407,862
-1,313 990
Federal
Ohio—Canton-
1,512 727
I
575,093,327
Younestown
1,109,991
369,000,000
•359.000,000
1,581,366
1,478,311
2,310,071
2,160,163
; 666,976
+ 14.0
1,230,198
4.4
1,292,522
+ 25.0
2,989,200
—
3,299, 100
v
1,070,301
3,021,800
498,372,685
+15.4
381,097,305
370,109,900
2.889,129
III—
II~III.II"
Jaw
—'
126,892,186
A 84,742,233
106,805,163
96,885,604
—15.6
56,375,852
36,005.685
1^,663,026
+ 33.7
14,758,190
16,116,542
119,891,708
+ 78.0
111,859,572
69,867.302
:A. 5,836,762
+ 10.7
6,226,823
3,803,962
+ 24.7
3,252,487
2,481,330
6,908,946
H
20.5
5,300,750
4.120,228
—_-
.
New
Westminster—
IIIIIII
IIIIIII
Pennsylvania—Pittsburgh——
(7 cities).
11,779,900
1.6
2,236.017
2,146,494
+
66,973,884
128,413,597
12,145,800
23.3
55,367,388
52.870,280
+
31.7
90,497,873
87,436.629
3.1
9,363.200
10,755,500
'
2,228,671
"
+
2,842.409
82,545.403
2,066,468
2.804.542
3,056,466
"+:
1,750,920
3,378,711
2,811,759
+ 20.2
2,731,520
2,208,854
5,030,914
+ 29.0
6,212,496
+ 36.1
4,186,952
448,618
+ 18.8
358,954
550.598
46.6
8,454,686
]:■/!■
+
—
7-8
8.2
A
1.616,599;
1,513,685
2.307,346
2.341.387
204,095,674
144,736,801
+ 41.0
110,028,057
93,691,870
475,890,656
359,869,525
+32.2
271,416,480
250,755,845
807.223
>
.
,
(32
cities)
♦Estimated.'
•
—
A,'A 'A''
I
.
1,789,635
697,791
1,360,227
'T,239,688
1,267,414
.
1,115,744
1,016,323
+
5.8
-
1,265,628
803,220
430.886
565.479
'
1,014.057
569.331
805,419
+ 26.2
713,067
650.172
+
9.6
245,490
245.779
743,750
+ 34.8
601.140
555 079
A
920,102
+ 27.6
1,334,579
+ 22.2
1.544,367
1,176."20
3,892,006
3,538,941
+ 10.0
2,810,008
2,880.733
534,764
•
'A
408.896
952,030
932,164
"?
-
977.881
+ 10.8
712,846
—23.5
+ 30.8
770,811
356,578
329.249
791,819
652.706
736,942
♦567 499
■
A
750,840
"4-
2.7
6.4
630,465
577.726
500,522
445.086
964,998
996,856
520,567
+
1,129,958
980,471
+ 15.2
A
T 691,504,038
537,382,673
+28.7
442,341,709
'
-
860,330
'
553.624
i
.
1,212,380
557,210
9.7
+
1,055,264
A
•];' A ]\
351,216
v
1,555.000
+ 13.6
3,839,192
3,820.860
507,419
+
+ 20.8
"■
1,002,413
"
i
r
+
320,843
351,773
1,174,014
—
]—
1,893,499
4,149,355
+
1,808,978
•
1,630,946
SudburyxxAAL":——Total
V.
843.224
\
Rarnia_——__x__————
"»
v
532,953
_x—_3.
Albert___——__—_—L—
Moncton_4—
"
6,492,294
;
-
l„
3,979,181
1,891,207
<,
Chatham!-—
4.483,619
2,178,826
5
-
Kitchener—'——
Kingston-—L-—A__-A.—
7.0
5.8
J. "
—4.
I
'. 'A -A •
_x—
+
+ 11.3
]
]•_
6,282,249
•
+
•.
William——I——-—x—
Peterborough—.
1
1,950,904
].
i
Fort
Medicine Hat„
6,723,445
5,200.519
2,634,996
•
■
—
:
SAA/w"
+ 11.2
.
Lethbridge——-HA——
Moose
1939
A
$
100,611,254
WindsorA'_Aw44i44:x-__4_xi—_-4x_'Ii ''''I:v
169,181,437
I
2,064,830
—
Brantfo'rd—x—i_—j_
;940
La A,] 2,934,043
+
Saskatoon-,4-,.—'_A—
—
;
120,220,685
x—]
Brandon—"——
Dec.
+ 33.6
Prince
Columbus
Mansfield
1,212,182
9.2
—
1,689 348
;• -
611,968
291,637
+ 21.6
2.584 894
4,125,500
498,753
600,607
388,414
Reserve District—Cleveland—
;
Cincinnati
-Cleveland
'
+ 15.7
4
492,745
.A
or
%
141.074,146
-.A-] A: A'
——
]
Inc.
127,669,856
Edmonton—
;
Regina„_Ax_™——__—x—.
Sherbrooke-.;
(10 cities)—
Fourth
*
9.7
■'*+■■ 7.1
1,539 573
1,615.629
-
2.0
+ 14 3
+
484,000 000
1,723,861
.York
—
504 036
1.207,472
—_
New Jersey—Trenton
Total
562 882
1,366 130
2,347,084
-
Scranton
'
A
560,000,000
Wilkes-Barre
Total
551,523
-552,760
•
—_—4
London—
•
1,561.636
rj.
Lancaster
AA
..
J,
Chester
John
Victorial——x—
A
1941;
;
May
;
Winnipeg-].—2——L„4
—_1__x— -A.:,A a 71,488,248
Vancouver—•-A_A.4vA.4——-1A.-A_,' A,: A A 24,960,839
Ottawal—x-—
,;,A'... 213,356,497
Quebec.--—AAAaLa—
—:
A-,.6,459,625
Halifax-™—L——-—
'••Aj 4,744,181
Hamilton—-4—:
x_—
i™
8,323,131
St.
2,962,733,095
:
Ended
170,520,080
(
vi
Total
$
——
23,370.581
,
1942
<•
Montreal—.-w__x——x™A—4
2,865,136,389
19.5
— 24,882,616
21,656,986
Jersey
639.421:
900,090
■
Jersey—Montclai—
Northern New
n
A
;
705,606
+
5,727,289
—
6,757,852:
A'
A
939,845 i
29,500,000 ;
+
7,652,265
"
.
;
—31.5
8,663,322
5,243,598
504,212
+12,4.
2,900,932,223
8.997,632
.f
5
v
32,700.000
-
23.9
+
801.737
3,465,785,566
Rochester..^—_x—1
932,911
31.2
+
— —779,453
901,336
—
Syracuse—
New
:
965,678
..
Jamestown
>1,266,712
36,600,000
1,661,669
45,000,000
4,850,175
7,986,801
+ 45.4
■:<6,357,729
'
'
-
,
362,777,913
'THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155 ...Number 4073
Stock and Bond Sales
Transactions at
j
Exchange
--i'JDAIWEEKLYv-V YEARLY
■'Vv
deferred delivery sales are
NOTICE—Cash and
'."f'
New York Stock
«»
disregarded In thq day's range, unless $hey are the only transactions of the day.
Stock Exchange
the New York
Daily, Weekly and Yearly *
;
Railroad
Slocks,
•
t
iU.S.]Government Securities
j
|
Week Ended
Number of
and Miscell
Forelon
May 15.1942
Shares
Bonds
Bonds
Government
on
the New York Stock Exchange
on
Mortgage
the New York Stock Exchange during the current week,
j ;r.;. Figures after decimal point represent
Bonds
;<
for the year.
range
:' Below we furnish a daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm
Corporation.coupon, bonds
United States
No account Is taken of such sales In computing the
Saturday..
Treasury*.
1947-52-.'..-..-:.
32d of
Uailu Record 0f,U■ S, SondPrlces Mail 9
Monday...
Tuesday...
Wednesday
Thursday
one or more
a
point,
>
c
.
Dally Record of U, S. Bond Prtc.cs
-
,
i
!
'
Mai 9
Treasury
fHI
2VsS, 1950-52
Lc
"
Friday....
-
••
!
•
[CI
Total sales in $1,000 units.
Total...".
Week Ended May 15
New York Stock
Exchange
40,630,908
Stocks—No. of shares
'
t' Bonds
> ; i
U. 8. Government—..
•
.
*4,142,550
56,866,500
843,163,100
*.
Foreign.;
Railroad & Industrial
-
3 Vis,1943-45.
Transactions at, the New vYork Curt Exchange
Daily, Weekly and Yearly
.
3^8, 1944-46
Stocks ft
Week Ended
Bonds (Par Value)
{Number*
;
(May 15, 1942
Foreign
$
Domestic
■Shares)
Saturday
-
Foreignv
Corporate
Government
„
Monday...
Tuesday...
Wednesday
Thursday.;
3Hs;-1949-52. —.-'v-fLc
(Gl
■■
Friday—,;
Total sales in 51,000
.
unit's.
Total—..
E-o
v(ci
Total sales ' in $ 1 ,(K)0 units.
3s, 1946-48.;..;.-—
Week Ended May 15
New York Curb
;a
Exchange
Stocks—No. of shares
Bonds
:
Domest 1c-
-
.
—.
Foreign government ; ;
Foreign corporate—i—
2KB,
•*
..
Stock and Bond Averages
r
are
the daily closing
stocks and bonds listed
on
.
averages
'*■
\?
'
.
-
lot
.
Total sales in $1,000 units.
Lo
*
\t Total sales in $i;Q0p;M»«f.
ofrepresentative
rHlgh
the New lYdrk: Stock Exc^^
Low.
Compiled by Dow, Jones & Co.:
as
i
;
« *
$1,000 units.
2^8. 1945-47..;.—;-
j
,
k
Below;
V
■
Total sales in
i'j Lc
2s, 1949-51—
t955-60..rT nc
"-'..A'''•! V
Close
Bonds
Stocks
2%a,
'
10
10
.130,"
Indus¬
•65 :
Indus¬
Grade
Stocks
trials
Raits
(H!
3Vis.T944-64..—-
$1,000 units.
:
Grade
trials
Federal Farm Mortgage
1951-54.j u
Total spies in
Second
Total
Lc
-(ci
•
Rails
First
Total sales in $1,000 units.
High
2Kb, 1956-59.—--r- Lc
May1 9
IC1
Low.
$1,000 units.
Close
•I'?
51.46
Mayll
Muy 12.
54.22
Total sates in
i}:
51.10
May 13'
51.36
May 14
May 15
53.40
Home Owners' Loan
53.60
'
.
:
i-'-:
jVVi'ty
■ ;; ?
Total sales in $1,000 units,..
i"
IC1
Total sales in $1,000 units.
2 lis,
NEW YORK BOND RECORD
Friday
BONDS
Last
Sale
Week Ended May 15
Price
>
i
Since
Jan. 1
bonds.
1944-1954
1943-1947
Treaaury 3Vis.
Odd-lot sales,
Notq—The
.1946-1966
Treasury 3Vis.
Lc
Range
or
Friday's
(ft Asked
1947-1952
Treasury 3Vis.
-
Week's
Range
Bid
♦
Treasury 4a.. ;
1942-44—
Total sales in $1,000 units.
U. S. Government
Treasury 4 Vis.
(Close
U
2^8, 1960-65
N. Y. STOCK EXCHANGE
(High
3a, series A, 1944-62.... J Low.
t Deferred delivery sale.>
above
J Cash sale.
table includes
only
Transactions in registered bonds
fyf
1
.•
sale
of
:
1
1943rl945
'"'v
i."
(
2 Treasury 4Ms
were:
1947-1952——
•
...-.115.3
•
■
to 115.3
•'''v.'-; '5
104 13
104.13
104.13105.20
Treasury 3 Vis;
1946-1949
107.23
107.23
107.23108.14
Treasury 8Vis.
1949-1952
*110.18110.26
109.14110.22
Treasury 3s...
1946-1948
*107.8
107.16
107.15108
Treasury 3s...
1951-1055
110.19
110.19
109.5 110.20
Treasury 2Vis.
1955-1960
109.30
110
Treasury 2Hb.
1945-1947
105.18
105.18
Treasury 2^8^
1948-1951
*107.16107.24
107,16107.30
Treasury 2?i8;
1951-1954
!08;i2
108.14
107.2
Treasury 2$is_
1956-1959
*109.5
109.13
108.16109.18
Treasury 3Vis
1944-1946
+
*,
NEW YORK STOCK RECORD
107.29110.15
105.18 106.9
V*;;,
1&58-1963
.1960-196$
Treasury 2Via;
Treusury 2V4s;
109.16
109.16
*109.31110.7
Saturday
Monday
Tuesday
May 9.
MaiM
Mai .12
h\ Wednesday
•
Mai 13 V
;
■
Thursday
Ma y 14
Friday.
-
i-STOCKS
-
'
.
STOCK
-.—
Mr/ 15
$ per share
Sharer
108.16110.12
Abbott Laboratories.;-No par
37
*106.11106 19
105.24106.23
i 4% p-eferrei—;
100
Abraham & Straui-.'.No par
101
106
107.2
*103.19103.27
103.6
Treasury 2Vis
Acme Stem
104.6
v
Adams
Co——i.——25
No par
Esoress..
Jin 21
*101.2
101,10
100.24101.21
*105
105.8
103.27105.10
.Alaska Juneau Geld Mln...10
104.5
104.27
Albany & Sistj RR Co.... 100
Allerheny Corp...
No par
101
102
L
1947 J
Cp—.100
5 Vi% pf A with $30 war. 100
2>i2 Anr23
61
Jan
6
lhMargt
85
Apr
9
Ji» Jan
2
.
5<^%
pf A without war. 100
3'2 Abr 17
3i2 Apr 18
..-1949-1951 J
f
9'2 Apr 24
D
100.28 104.5
100
100.22
$2.50 prior cony pref.Vo par
.—.1951-1955 J
1963-1965 J
*100.11100.14
*100.1 100,7
D
*103,16103.24
102.22 103.18
15 1948-1950 J
.
Ala &.Vtcksburg Rv
No par
103.27104.24
15 1948-1950 M
Dec
..
Air Reduction Inc
-
*104.15104.23
Mar
Treasury 2s..;.
Treasury 2s
*104.18104.23
Corp..—-10
D
Treasury 2s__i,
Treasury 2s...
Treasury 2s—
D
101.17
—
For footnotes see page 1905
S
*10IV-
101.8
For footnotes see page 1904
4978 Jan 13
108U Feb 19
Jan 12
43
48Jaul3
.6
513 A>r 21
Mir27
Treasury 2 Vis.
Treasury 2Vis.
i.
24
19
100
103.14105
ir
10
102.l8103.lt
100.27
*104.31 105.7
M
M ly 14
31
4t WIiy
Address-Miiitter
102.22
100.19
r
May 14
Adamj-Mllils Corp..i.No par
102.22
Treasury 2 Vis „
Treasury 2lis.
.
$ per share
105.15105.25
*103.16106.24
Year (1941)
Lowest
108.16109.27
106.17107.7"
+
,
Highest
*106.29107.5
.
Range for Previous
.,
Lowest
1948
105.19
Treasury 2 Vis i
.
' Range Since Jan. 1
On Basis of 100-Share Lots
*105.7
1949-1953
Treasury 2Vis.
Treasury 2s
•,
*,
EXCHANGE
1945
Treasury 2V4s.
Treasury 2 Vis
'
NEW YORK
f
Treasury 2 Vis.
WW AND HIGH SALE,PRICES
108.28
!
7 '2 J an'
20«2 Fib
3
3
1114 Jan 20
3V'i Jan
6V
Mir
.6
2
2^8 Jan 13
9 th Feb
10
•h Jan 7
Jan 26
5h Jan 26
,17
Jan 27
V 6
.
'
coupon
Highest
THE COMMERCIAL & FINANCIAL CHRONICLE
1896
Monday, May 18, 1942
NEW YORK
NEW YORK STOCK RECORD
BOND RECORD
Friday
NEW
for
Saturday
mai 9
$ per share
IS
*60%
75
*60%
4
75
3%
13%
24
1
*
12%
13
4%
66%
2 3%
23%
15*2
1
*316
*15
19
*14
17%
48*2
2)%
*43%
40%
49
49
2)%
40%
2)%
♦4812
*2)%
*2)
2)%
2)
29
2)%
3)%
3)
3)'t
29%
48%
6%
*618
4
1%
1%
23%
*41
*14
43%
*43*4
2)
20
20
23
28
*4
2)%
6%
*6%
4*8
4%
4%
25%
12% Jan 26
10%
Feb
11%
11% Jan
167% July
13
Aug
Dec
Apr 23
4
Dec
5
6% Jan 27
14*4
Jan 13
71% May
87
24% Dec
37 V
21%
preferred.——50
1434 Apr 17
5
Aug
1% Aug
10
Apr
20
41%
14%
Feb
AO
Feb
Transit Unification Issue—
61%
60 34
63%
63%
62%
61%
63
62%
43
Mar 27
56
19
Mar 12
23% Feb
43% Jan
734 Jan
25% Apr 17
5% Jan 2
3S34 Apr 14
3% Mar 11
23
Apr 23
120
Apr 20
1% Apr 13
6% preferred
59
—.1
909 American Bo3ch Corp
1,609 Am Brake ShoB & Fdy.No par
89
554% conv pref—--.—100
7,409 Amer Cable & Radio Corp..l
Jan 28
47
6
3
-
63% July
2)78 Deo
58% Jan
9!% Aug
Fib
4D4
Apr
Dec
3%
Dec
26%
Dec
5%
Feb
5% Jan 14
33
Jan 15
13034
Feb 10
xl22%
Apr
1
3
1% Jan
1,390
.....25
Preferred..
'09
American Car & Fdy.-No par
Preferred..-i-.--------400
Am Chain & Cable Inc.No par
155
181
181
*181
163
133
*160
*160
163
*15)*2 165
*155
21
22%
2 4%
23
22%
21%
22% 22%
23%
2]78
21%
24%
61
60*2
61%
60%
65
65%
*61%
*62
61%
6134 *60
*62'%
17
17
16%
17
16%
10%
16%
17
*16%
17
17% ■'17*2
110
110
*105
*105% 110
*105% 110
*105
110
*105% 110
*105
5% oonv preferred.—100
American Chicle
No par
190
16)
*73
75
*73
73%
*71%
73%
*75%
*14%
18
*14%
17%
*14%
IS
*14%
*4%
5
*8%
8*2
*4%
95%
*94
*»u
.
19'8
1912
IH2
25
*1878
25
*2*4
27
271.1
*2%
*42%
1%
*18%
*23%
2%
6
*2%
39
7i8
718
7U
*76*8
77i2
♦76%
77t2
77
10
10%
*10
10
10
4V
18
*418
*17i4
i
18
Deo
Jan
8%
39
;
181a
%
18»4
16
16%
%
4%j
4
4%
181a
22%
19%
4%
145
10%
10U
10%
10
55i4
592
55%
55%
5%
714
27%
38
*26%
3734
7U
23%
33U
133% 133%
*39
30%
17%
10%
*10%
17%
91
17%
*89 '4
*19
110%
38%
3934
8%
8%
17»4
*8%
*17%
91
*90
92%
*88%
*18%
19%
110% 111%
4%
37%
39%
39
39%
127%
4%
61
334
2%
54
4%
2%
55
2%
*46%
61
*2%
*45%
*60%
*4
334
3%
*334
41
24
24%
8%
17
*8%
16%
90%
19%
10
110% 111%
112
22%
*46
3%
*46
55
3%
3% "
*3%
57
58
58
2%
3%
40% *38%
23%
24 I
334-3%
42%
40%
24
24%
23%
203
23%
*46
55
*3%"
4%
*57
57
*334
*3834
3%
40%
23%
23%
23%
200
40%
**138
*29%
9
*7
9
*7
1%
1%
*1%
9
,
3)
30
110%
110% *110
10)34 10934 *110
3
3
3
2%
27«
2%
55
55
69
53
*40
*54%
*40
CO
*138 " ' 1%
39%
*29%
*1%
*29
9
*7
1%
*1%'
54%
54%
*40
54%
234
*54
54%
*40
60
♦40
60
25
1%
110%
6%
*2%
3%
25%
2434
3%
*4%
434
*64%
70
*55
63%
25%
25%
25
*6
6%
*6
6%
*6
6%
6%
6%
*3
3%
*2%
3%
*3
3%
3
84
*75
*61
*53
61%
25%
97%
84
*4%
*64%
5
4%
67
*64%
*55
61
4%
25^4
*25
23%
*96%
93%
97
3834
36%
37
33%
33%
"63%
65%
22%
65%
65%
65%
63
.21%
21*2
22
21%
21%
*19%
21%
♦19%
21
*19%
21%
*34
38
♦34
31
*34
37
15%
15%
15%
IOU4 10)%
*10.)% 101 %
6%
*47
6%
47%
*43
47
*111
114
*47
113
*15%
3%
3%
*1%
6%
48
*1%
1%
21
*15%
3
7
*6%
2L
3
3*8
;
2%
2
Mar
U
1
27% Apr 27
-
1% Jan 16
35
Jan 15
5% Mar
20
7% Jan
'.Feb
2
108% Apr
2-% May
5334 Apr
.100
...100
4% Apr
1
28
61%Mar 24
64
Apr 8
20
Jan
9
66
'Jan
4
—
6;% Jan
77% Jan
83
Jan
5
8
60%
*65%
6334
1,000
100
21%
21%
21%
1,899 Atlantic Coast Line RR—100
20% Apr
17
14%
*40
6%
♦4334
46
116
101
44%
*108
6%
*6%
1%
16%
3
*1%
*15%
3
2%
21
2%
l%
.
34 Dec
2%
5*2
Dec
Jan
72
Jan
34%
11
50 "46% Apr 25
;
6% Apr
109% Feb 20
7
Jan
5
50% Feb 16
Dec
6*4
i 87% Deo
:
5% Dec
Oct
10*8 Sept
Sept
88
Dec
20-
Dec
102% Aug
35% Jun
82
Aug
96*2 Mar
Jan
31% July
53% Dec
;►
'
18'
13%
45%
Feb
16% Jan
19%June
107
6%
47%
56
28's
i
70
Jan
5
.61
17
111
9% Jail 26
Feb
72*4
Apr
6
6%May 7
1% Apr 17
15% Apr 23
2% May 13
...No par
15 prior A
...No par
12,209 Aviation Corp of Del (The)..3
2% Jan
i:;;;
Jan
11
1134
3%
5%
4%
29%
8%
4%
27%
8%
*4%
*22%
24%
8%
11%
8%
*13«4
16%
-*20%
*103
"4%
23%
1134
3
3
5%
5
5
5
8%
24%i
13'4
|
*16%
21%
*10)
4%
4%
28'8
8%
*4%
8%
14%
16%
108
11%
3
"
*22%
5
22
11%
3
*5
5
8*1
1314!
29
*27%
•
11
3
4%
4%
5
*3
434
4%
*4%
434
*26%
28%
8%
5
*4%
24%
8
x8%
13
8%
4%
24%
8%
13%
17%: *10%
17
16%
16
21%
*21
22
♦21%
22
*103
108
108
1034
23%
24%
13%
3
5
4%
8%
*4%
8%
11
2 34
23%
*22%
8%
13%
1034
3
11%
*103
103
2
8%
*4%
♦24
8%
12%
*16%
*21%
*10)
.8%
*4%
*26
*8%
3,009 Baldwin Loco Works v t C..13
3%
2,909 Baltimore <fc Ohio——100
5
609
8%
4%
*4%
24%
8%
8%
12%
1234
2134
12%
103
1*10)
16%
103
No par
5)4% preferred....
50
3,400 Barsndall Oil Co
5
1,609 Bath Iron Works Corp
.1
509lBayuk Cigars Inc
No par
10
8%
16%
13%|
2134! *21%
4
9
25
20
S5 preferred w w—.No par
103
100 Beatrice
1
—
...I
-
Creamery
1434 Jan
28
4%
7% Jan 27
Apr 15
121
I
M
Apr 15
Mar 20
6
-
18% Jau
19% Jan
6
6
24% Feb 11
104% Feb 16
page
1904.
125*
135*
1754
125*
15)4
13)4
1454
16
16 54
17 54
1654
16
17 "4
17 54
*17 54
20
1354
1754
17H
1654
165i
165*
17%
1654
17%
1754
165*
165*
1654
1962 A
16
♦6s assented,—.
—.
1654
155*
*17 M
13
1694
135*
1654
1957
'!
1961
M
j
155*
13
15
1254
1254
1654
155*
1694
1554
( 1554
145*
1154
O
Oct
...—...Jau
i
'
*4554
J
46 54
36%
4654
36
475*
465*
365*
o
3
2554
.29
101
MN
29
29
29
!'.:a
A
29
29
29
5
255*
29
D
29
29
29
4
2554
m n
23
-22 54
-24
18
18)4
1754
2154
22
2
100
31
•
j
j
100
:*Costa Rica (Rep of) 7s...... .1951 MN
m
1854
*99)4
S
External 5s of 1914 ser A-—. .1949 f
A
External loan 4 548----.--.. .1949 F
255*
97
.
(Republic) 5s of 1904-—. .1944
14 5*
3954
3754
295*
F
Cordoba (Prov) Argentina 7s.. .1942 J
Cuba
49
35)4
o
a
♦Colombia Mtge Bank 654s... .1947 a
♦Sinking fund 7s of 1927.—. .1947
Copenhagen (City) 5s...—.., .1952
.1953
f -25-year gold 454s
,145*
12
*1454
1961 j
♦Sinking fund 7s of 1926—. .1946
155*
14)4
;Colombia (Republic of)—<
*69 of 1928.—*.
15
155*
14
1594
t
14
5*
13
d
1961 A
13
15
i 1454. 'ml
s
16J*
1654
155*
,125*
is
1454
*1654
1982 mn
;*Chlnese (Hukuang Ry) 5s..i. .1951
1694'
1654
16 54
1961
13-
15
15
*1654
"is"" i 15 ;
1961
3s external s f $ bonds—.—. .1970
155*
1654
175*
.135*
1963 m N
5 *0s assented
a
1854
12
125*
100 :
29
245*
100
185*
101
1025* 1025*
100
*10254
*101 54
54» external debt-—... .1977
Sinking fund 554s...Jan 15 1953
«■
♦Public wks 6548—-June 30 1945
^Czechoslovakia (Rep of) 8s... .1951
4
1035*
75
83
101
107
106
115
'
82 M
*100 54
!■'
83
,
44
,
101)4
15 *
*16 54
*23
21
29
*114
.1952
♦Sinking fund 8s ser B
,
46 54
20%
22%
35 54
54
20
*14
D
j
J
External gold
F
a
External g 454s.....Apr
a
o
♦Denmark
20-year extl 6s—.1942
♦Dominican
■■
Jan
Oct
554s..1955
15 1962
Rep Cust Ad 5)481942
{♦lstser 554s of 1926...- — .1940
{♦2d series sink fund 554s—.1940
Customs Admin 654s 2d ser..1961
554s 1st series.'—........196.1
554s 2d series—...„—...1969
m S
A
39
37 54
31
3454
30 54
"I
A
M
s
*6954
O
"61)54
69
54
17
20
32
5
63
.-2
59
7054
61
31
72,:.
72
O
3954
35 54
69%
63
72
"69 54* 7*5
72
A
O
*72
73.-
61%
70
A
O
*6954
70
65
70
"6954"
69 J4
"
69J-4
Oct
10% Dec
2% Dec
334 Dac
3%
5%
27%
34
35
Deo
17% Dec
t)ec
20
1027j
Dec
1354
•
7s unstamped....
1945
M
14
654
1354
*854
1354
v--
65
s
85
*70
85
75
66
85
*82 54
D
...1949
98
82
85
85
85
*8
1654
3
Sept
10*2 July
Fab
Dec
j
French Republic 7s stamped...1949 J
July
1234, gept
978 July
Apr
Dec
7%
8
j
j
Finland (Republic) ext 6s
1234 Sept
Dec
13%
r
J
,;19
Jan
5% July
87g July
i878: Dec
7
1948
....1967
,
2478 Mar
31% Mar
Greek Government—
27% July
♦78 part
Oct
*6s part
106
1964
1968
paid......
paid..-.
For footnotes see page
For footnotes ste
13
1754
16%
Jan
Jan 27
Jan 20
11% Jan 27
30
18
16 54
1754
1654
s
} : ♦ 7s assented.———» 1960
•'
1
;
17
1654
♦Guar sink fund 6s....
9% July
378 Oct
5>4
6% Jan 26
313s Jan 20
978 Jan 13
Jan
13
1794
:
* ♦ds a■'sented............. 1962 mn
♦Chilean Coos Munlc 7s...—. 1960 M s
5
5
17?4
16
16 54
5
j
96
5
17%
4654
.
?
99%
96 )4
90 H
95 54
1754
16 54
1961
1961
9954
QM
93 H
95 54
"16*54
♦Guarsluk fund 6s... j.....
Dec
25*2
2%
2
Jan
;
97 H
%
1554
1942 MN
Oct
Apr
6
2
2
6%Mar 25
4% Apr 25
2478May 13
8% Jan 2
12%Miy 14
15% Apr 30
•22
Conv 5%
Barker Brothers....
4%
*24%
100
—50
preferred.....100
3,209 Barber Asphalt Corp—*.—10
209
10% Apr 17
234 Jan 2
434 Jan
400 Bangor & Aroostook.
4%
29
24%
4% preferred......
:
99
17h
♦Estonia (Republic of) 7s.
10%
9954
94 74
mi
♦El Salvador 8s ctfs of dep
*3
10154
99)4
99%
O
*6 54» assented..
......
tSInk fund 6%s of 1926
B
*4%
103?i 100*4
1005i UllK
9.3 Yt
995*
105 54
10154
9954
9854
♦Chile Mortgage Bank 654s... 1957
Nov
1% May
13
May
9
4% Jau
22
4954
4954
1962 A O
♦6s assented—......
•External sinking fund 6s... 1963 m N
51% Nov
May
Jan
no par
0 4
65
44
65
63
69
64
94*4
1961
*6s assented...,
Sept
♦External sinking fund 6s...
.
7% July
Fab
Feb
116
Atlas Tack Corp.-.
Austin Nichols
62
66
57 54
63
104
94 54
s f 6s———.Jan
assented—.... .Jan 1961
♦Extl slaking fund 6s..Sept 1961 M IS
111% Sept
May
Apr 23
....
assented—..—..Feb
28% July
Feb
13%
™
66
70*4 May
'
Mar 23
conv
...
*Ry extl
Jan
91*2
41
j
Jan
3
45% Jan 3
23% Jan 28
14% Apr 30
109
Apr 23
Sept
9*4 Sept
Dec
5
.100
Jan
70% Sept
Dec
61 54
63
9954
Jan
112
1%
21
Jan
preferred—....109
120
6%
*6%
*1%
♦15%
12*2
209 Atlas Powder........-No par
44%
110
17% Sept
115*2 Oct
6%
2
20
Marl6
6% preferred.. — — :
47%
Jan
33
4% conv pref series A—100
4,600 Atlas Corp.
.
...5
6%
Mar
26
34
390
101
70
Mar 16
..25
July
35% July
20% Dec
Mar 17
20
5% preferred
4,099 Atlantic Refining....
14%
39
Lines—-—I
109
36%
2%
6%
At! G & W I S3
Jan
56*4 July
30
Feb
76
61
v
66
.
1942 MN
*7s assented...
I
33% Sept
97
6534
21%
6
2
3
29
8
Dec
78
"
9954
J
6.54s assented———. 1961
Dec
-
33%
2854
29 54
2954
0254
44
10154
1960
♦6s a-sented..
♦Extl sinking fund 6s..Feb 1961
112% Sept
-
95
3054
10454
♦External sinking fund 6s—. 1960
5
Feb
-
60
J
I
108% Mar
17
25%May 13
May 12
8134 Jan
*19
O
J
I
60
1954
37
3
65
4754
1952 •1/N
j
jfv *63 01 1927
21
18%
1854
60
63
63
j
*—-1961
25-year 3 J4S——i-
,
8% Aug
81% Sept
4
67% Feb
44
62 54
62
a
t
29% Aug
'•"47%
27% Jan
60% Jan
•
—— —
J
11634 Aug
Feb
26
56
29
.
84
*70
F
i
2%
.—..-.100
5% preferred.
.
........
♦Chile (Rep) Extl sf 7s
Jau
'
96
54
22
104
65
60 %
30-year 3s
—
1968 MN
J
♦Carlsbad (City) 83— ——1954 j
99%
4% Jan 14
—
Assoc Investments Co .No par
—
_, -.
194 5
i
1;
95
83
2854
28
"65 "
7-year 2548........—. -i.1944 j
30-year 3s
———1967
,
7 Jan
-7
83 >•:
83
5
3194
5854
D
Jan
7
•
...100
5% preferred.
Jan
Jan
159
11078 June
58%
,
(Province or)—
10-year 2 J4s—
Jan
26
28
520
73%
74%
Dec
24 ; Dec
;11% Apr
,
111% Mar 12
2% Apr
""166
.1950 j
5s
7%
Jan 16
10
8,409 Atch Topeka & Santa Fe._ 100
26%
— ..
Canada (Dom of) 30-yr 4s....1960 A
Jan
■''*
7% May
..No par
7% 2d preferred-
19% Aug
46% May
26% Jail 15
61%
Jan
Sept
168*4
.3% Dec
j Jan
2
6% 1st preferred
13*2
Dec
22%
6454
3054
2854
■
27 54
External
f
2 34
71
6154
38
93
93
30 •"!
62
IV
51
.5'.'. 2
29
.1961 M S
♦es stamped..
s f 454-4^8..—, .1977 m S
;
64*4 Dec
13
Jan
109
Buenos Aires
2% Dec
3
112% Mar 19
96
45
*1%.,
*15%
17
35%
113% *108
1*6%
1%
*1%
*15%
3
28
35%
21%
*42
7
Apr
12%Mar 11
108
Apr 17
preferred.!— -No par
7% preferred
909 Associated Dry Goods
Sinking fund gold 6s.
♦6s
3% Dec
-
6
9154
0
.
90
31% 34%
33%
14%
1434
15
10)% 10)% *109
102%
102% *100
6'2
6%
6%
6%
6%
6%
*47% 48
*46% 47% *46% 47%
113
28% Jan 14
30 >Jan
5
*25
14%
40
50
28
Apr
v
D
98
23% Dec
Sept
9154
27 54
Brisbane (City) s f 5s.——. -1957 m 8
Sinking fund gold 5s——. .1958 f A
22% Sept
112
30
Jau
.1952 j
*7a (Central Ry)
i
11% July
4378 Dec
Jan
M ar
26
2o%
*34
113
!
19
23% Apr
40
pref....—25
35%
*34
113
Jan
9154
9154
O
Jan
437g
57
93
d
Feb
1% Apr
93%
*19
*44
434
68.
Jan
-
55
31 h
.1941 j
♦Externals f 654sof 1926.. -1957 A
♦External s f 654a of 1927.. .1957 A
{♦Brazil (U 8 of) external 8s..
Jan
28%
xl43
116% Jan
95
21
*19
15%
27
<5
35%
29%
15
Apr 17
150%
11*4 May
115% Dec
62
•
71%
38
05
•
D
13
<:•
s
j
.1955 j
81
14
26
8
5034 Jan 27
5
Jan
Dec
6% Dec
30
13
49% Jan 27
27
54
Dec
8% Dec
143% Jan 14
6J34
29%
48
*6%
*25
8'4Mar
21% Jan
97% Jan
21% Jan
13434 Jan
5854
00
m N
-1949 M
Externals f 7s.....—
Oct
15% Dec
Feb
1956
1928
External g f 6s...L _1955|,/
j.
45% July
155
Sept
12
62
""
77%
6554
B
40% July
Dec
.29%
71
71%
Jan
Dec
139
70)4
59 54
9154
—1957 M s
Belgium extl 6Ha
'7% Jan
165% Aug
1573 JaD
33%
,
71
Jan
39
29
Mar 14
.
93
.
Jan
10%
3
26
3%
46%
Dec
20% Feb
9094
7694
70
61
.1984 J
Dec
Mar
761-4
56 54
j
1955
.1975 m N
6
133
J
—
External s f 4 54-4'is
4%
12
34% Jan 16
144
88
8954
o
External 5s of 1927
Jan
6
22
:
Jan
17
2
1454
24
26% Aug
Jan
Feb
a
3% external s f $ bonds
7
Feb
14 54
14%
1854
7051
A
Apr
7334
147
2854
11
8954
76 54
MN
—1972 f
Dec
'
Dec
Jan 14
105g
10%
1354
*20
A
Dec
43
13 54
14 54
o
9
6
35% Jan 14
*1354
13 54
*1314
1354
O
.1976 a
50
5% Jan
7% Jan
39'
*65%
113
*41%
7
1%
19
*3%
6%
*25
*53%
*55%
25%
93%
93%
35%
'
434
61%
61%
25%
96%
36%
*4%'
64%
67
*53
96
*75
S4
*75
14 54
1454
1454
13
.1976 F
Jan 13
53
84
4%
64%
*75
4%
70
15
Elec.No par
Corp.
10%
j
13
External read) 4)4-4 548
Feb 24
:
21
300 Artloom
13
1945 J
454s-.---.l971
istralla Com'wealth 58
A
Ja»
23
121
155
Jan
12
11
13
,
preferred——100,
3
84
4%
*64%
Jan
4% Jan
24
20
Armjur&Co(Dal)pf7%gtd.l00
7%
60
14 54
1054
11
!i 14*4
S f extl conv loan 4s Apr -..1972
;
6% Sept
Apr
20*4 Dec
17% Dec
3*4
Dec
26% Jan
59
Apr
13*4
3s Dec
1,609 Armstrong Cork Co.—No par
300 Arnold Constable Corp.....5
56
*25
3%
*25
15%
2434
0%
*6
*75
84
*75
23%
25%
1054
1354
1454
j
S f extl conv loan 4s Feb
Jan
Mar
23%
Apr
.5
3,909 Armour & Co of Illinois
$6 conv prior pref—No par
600
2%
1454
13
j
1945 J
Jan
Feb
2%
,5u Jan
24
14
1
20
409
..
1454
j
1945 j
'
95% June
Dec
15%
111
33% Apr
34% Apr
Copper Mining
20
A P W Paper Co Ine—.>—-5
109 Archer Daniels Mldl'd.No par
30
110
35)-$
35
—.
4)^8.—.——1948 MN
S f external
1
Refunding s f 4 54-4 54s
•
Feb
22
Dec
8%
2638 Jan
28
Andes
:'
243,
6%
2434
$5 div
25)4
Argentine (National Government)
Jan
17%
f. 77% Dec
4
29
200 Anchor Hock Glass Corp. 12.50
9
*29
39
110%
110% 110% *110
2%
2%
2%
2%
53
60
55
*40
*7
9
*7
1%
*138
31
*3)
31
♦7
119
165
108%May
13%
50
Dec
7%
5% Jan 30
2334 Mar 4
334 Apr
Dec
6% Dec
101% Apr
120 Anaconda W & Cables .No par
'
25
35
•
—.
d
Aug
2% Sept
30% Oct
4% Jan
Feb
2%
15
120
51%
Dec
1'
38
29
20
.6
27
17% Jan 2
preferred—.—-——100
$5 prior eonv
*
10% Jan
78% Mar
—100
II,500 Anaconda Copper Mining..50
24
35 54
35
Antwerp (City) external 5s.—. 1958 J
33% Aug
20
-
Apr
Mar
Dae
May
.
42% Dec
-
6
Feb
■
15 -3% Jan 3
2%
70% Feb 3
41% Apr 28
$6 1st preferred.
No par
55
5% Jan 6
4% """800 American Woolen.....No par <; 334 Apr 18
56
Apr 15
76% Jan 14
Preferred—————100
400
58
>
3% Apr 29
575! Jan 14'
800 Amer Zinc Lead & Smelt.—I
3%
26
26
*26% 29
23%
23%
26
*29%- 2034
27
14
14
14
14
15
*14
15
*14
*14
15
15
*107% 108% *107% 10Si2 *107% 103% '107% 108% ♦107% 103% *107% 108%
*26%
*1334
5%
909 Am Water Wks &
2%
2%
400
3554
0
sec s
'
27
May
7% Jan
6% preferred —
;—100
400 Amer Type Founders Inc.. 10
14
5,800 American Viscose Corp
10934
'
ll%Mar
15
400
4
23
Common class
102 54
Jan
24% Sept
38% Jan
4% Jan
Feb
2
f,
89% Jan 16
10% Apr
9% Jan
25
B.._-....25
4,300
9854 106
106
H
*2254
0
sec s
♦External
Jan
3'8
Apr
l7g
29
15
35%May 14
132%May 14
29
Apr 29
139
Apr 29
1,700 American Tobacco
39%
*109
23
-
3554
o
f 7s 2d series. 1957 A
f 7s 3d series. 1957 A
s
♦External
28% Sept
Dec
1
'
24%May
Tobacco--No par
38%
4
109%
-
,1%
Jan 15
434 Mar
6% Feb
Stores——No par
39
4
—J00
13,200 Amer Telep & Teleg Co.—100
127% 127%
4
1%
Dec
14% Feb
Jan 21
52% Apr
Foundries..No par
Preferred...... J..
a
m s
f 7s 1st series—. 1957 A
♦External
External g 4 >$s of
1
29% May
28
r9%May 14
Snuff.———--25
400 Am Sumatra
19
113%
f 7s series B_
s
b
Jan
6% Aug
Jan
%
,
30
145
Dee
334
46% Jan 3
1% Apr 16
%Mar
& Refg.No par
-100
37%
37% 37%
39
39
127% 127%
23%
2%
1634
9934
Jan 21
May
Razor..18.50
—
%
7
2l%Miay
400 American Stove Co....No par
I,400 American Sugar Refining..100
T 8%
8*4
Jan
78
4
Building Co. No par
Amer Steel
509 American
11
*88
*88
*3 %
2%
61
334
*8%
16%
300 American
"3,400
19% Aug
95*4 Sept
178 Jan
16
preferred....100
3.700 Amer Smelting
700
Preferred
17%
11
4
*'
22%
♦40
41
11%
109% 109% *109
4
3%
61
45
24
55
*46
4%
62
4
2%
2%
24%
*40
4
4
33%
90 Amer Ship
9% Aug
Feb
40
113% Feb
100
Co....No par
Light—-No par
6% preferred....
17%
♦19
"'29
110% 111%
38%
23%
23%
23%
23%
109% 109% *109
109%
23%
*19
39
4
109
8%
17%
91%
17
4J4% conv
*137
11
.11
38
39%
4
:
*125% 127% *126
38%
38%
127
23%
17
17
-8
1734
38
'
Feb
9%
9% Apr
400 American Seating Co ..No par
7%
*6%
7
24%
24%
25%
36%
36% "36
*130
133
132% 133
*29%
30% *30% 30%
7
4%
6
14
6% May
74
Metals.-No par
Ltd.--No par
600 American Safety
5%
external
I
Jan
Jan 2!
3% Jan 10
35% Mar 18
I*
15% Apr 2J
$6 preferred....—-No par
$5 preferred........No par /12% Apr 15
334 Apr 25
Am Rad & Stand San'y.No par
790
35%
J—
11
10
F
a
101
Nov
Deo
Mar 27
6
Preferred......—-——100
25
"3", 709 American Rolling Mill
25%
17
17%
8,800
54
*5%
538
5%
15
25
30 American News
1,500
121
xl7
434
2% Jau 10
21
z36% Apr
Locomotive.No par
109
Co.No par
800 Amer Power &
145
934
53%
54
23%
'137
.V:
29%
11 -
127
*334
133% 133%
*10%
127% 127%
109
17%
17%
19%'.'" 191.4
109% 110%
38%
39
7%
91
21
110
5%
7%
25%
37
36%
11
7%
17%
53%
25%
17%
*8
934
z9%
*5%
*140
145
"137
*137
17%
10%
'
30%
*137
17%
■
7% '
*25%
27
37%
37%
133% 134
*29 „;29's
3738
-
5%
7%
*53s
26%
134
*133
39%
*137
5%
5%
*7%
19
5434
9%
54
2% Apr
33% Jan
Preferred
6% preferred......
1,300
Dec
9% Mar
24% Jan 13
32
Jan
8
509 Amer Metal Co
4%
4
4%
*140
145
*140
55%
4
4%
4
.10%
lOU
*5%
*7%
4%
•r
*140
54
•••
%
17
79% July
23% Jan
115,
Jan
Apr
90%
2
preferred—.—50
909 Amer Mach &
"
Dec
26
1% Jan 2
16% Jan 2
26
Apr 2 4
609 Amer Maoh & Fdy
American
Feb
16%
5
14
809
"2,609
678
56
18% Jan
.
2% Apr
10*4
10154
— ——
^External s f 7s series C_
♦Externals f 7sseries I)
Jan
3434 July
107
% Jan 10
28 - Jan 13
35%Mar
75
D
;
—
19% Apr 20
Corp.—N? par
of 111...I
10*4
j
Akershus (King of Norway)
Jan
1
Apr
23
2
,6
74
67g
185
Jan
fi
13
5
10%
100.30
3Aug
95%
22% Jan 27
98% Jan 23
% Jan 14
4
May
Mar
*3734
678
5% csnv
2
Jan
•31 Jan
pref...—100
70%
76%
*10
Inc.-l
109 American Invest Co
-i
6
104 23
100.8
,
*Gtd sink fund 63
-1947
*Ctdsink fund 6s.........1948
4s. 1968
f
Oet
9 '4
1% Jan
2,300 Amer Internat
3%
A
.
}.
June
130*4
5 %
27
3%M ir 28
18% Apr 25
Products...I
..No par
Home
6% non-cum
39
4
4%
4%
4*8
4%
*4's
17*4
17% *16%
17%
16%
13%
*114% 119
*114% 110
114% 119
*22
23%
23%
23% *22
23%
**11
"l6 , ;<■ »H
*'2
»,V
19*2
19%
19%
18%
19%
19%
16*2
16*2
16*2
16%
16%
10%
119
*16%
4%
145
*140
145
*140
19%
19%
19
'■
77%
v. 22%
*»u
%
,
19
16*8
7
'
*10
4%
17%
*17%
*115
23%
7
*77
10%
*5
39
*3734
678
38%
*234
Jan
Feb 10
17 % Mar
% Jan
Tilln?__ 1
Sees..No par
609 American Ice..
299
95
5
Jan
92
preferred-.-.---50
6% conv
400 American
134
203,
6
*5
6
539
2
4% Fib
Power...No par
$7 preferred
—No par
$7 2d preferred A.. .No par
$0 preferred.......-No par
American Hawaiian S3 Co. 10
American Hide & Leather... 1
203
43
1%
2?8
2 34
2%
*
*2834
1%
2)%
909
2*4
33
2%
43
1%
*28%
134
29
200
25%
*34
43
*41%
41%
*37%
2%
34%
409
2*4
101
100.8
*101.18101.25
Agricultural Mtge Bank (Colombia)
S f ext conv loan
American Export Lines
590
21
20
15
303 Amer & For'n
,19
*18
2%
"603
,
%
*21%
*1%
21
1%
! 34%
2%
77%''
4%
18
119
2%
*%
27%
2%
7%
7
4%
*4
*115
*1148 119
*22
23ia. *22
IS
*•%
*26
*5
39
*37%
17%
h
19
*1%
6
*37*4
*3%
IS
3
Mar
15% Apr 39
Euronean
104.1
100.8
Sept
47%
Mar
55% Dee
157% Dec
7334 Jan 13
10
--100
Sugar
499 American Encaustic
Amer
20% Jan
110
19
7% Mar 11
1st preferred
6%
4
♦
33
29
3
*5
39
! 7U
*3734
4
69
33
Mar 16
69
AUegh Co NJ 25
109 American Crystal
95*2
14
15
15
15
Co.—10
Alcohol Corp..20
899 Am Cointn'l
1
27%
zH34
1%
6
*5
I
*34
*17%
2%
29
2%
2%
3
.;
6
1%
95%
1
*21
2
*33
43
29
29is
93
19
"
*26
36
*42%
*1%
41
*28%
2
19
18%
*3%
1734
29'
22%
2%
19%
.27%
2%
*34%
29*2
1%
''
:
8*2
16*i
186
22%M ay
60% May
16% Apr
105% Apr
American Colortype
4?8
104.14104.25
D
♦Antioqula (Dept) coll 7s A— 1945 J
65% Jan 28
Mar 12
159
—
Am Coal Co of
*a4
%
*2
33
*34
41%
1'%
41 >2
*29
%6
*3#
23
23
2'2
*218
2 >8
•
361s
*33
*18%
*8%
13%
*95
18%
4
*18
21%
2*4
2 >4
98
*34
*3%
4%
8%
299
18
18
*16
1
4
18%
V
*2
22%
23
*2
16%
*95
I
*2
*%
*22%
8%
1.899
73
77%
838
4%
'
*16
'
*3%
18%
8%
9.3
*34
4
*414
13%
90
34
34
*3%
1834
.
i
*16
9.0
93
V 34
*3*4 ■•,.4
1834
1334
'
8%
13%
*15
4%
8*4
*4%
8<l
8%
16%
*16
5
70
*14%
*4%
*7313
*
14*2
*4%
77%
13
56% Apr 29
5,599 American Can..
62
61%
104.6
104
J
3% Corporate Stock.. .....1980
j
*
64%
6334
*104
j
1942-1944 J
1945-1947
104.20
104.6
Foreign Govt. & Municipal
Corp..No par
Am
29
129
*125
12)
*125
129
124% 124% *125
1*2
1%
1%
1'2
1%
1%
1% ; D4
High
Low
104.13
New York City
Jan
14% Mar
% Dec
"h Jan
Since
Jan. 1
*104.6
.
2)^s series G
Oct
3
3
1% Jan 20
18% Jan 27
81
AgricChem (Del)-.No par
6,599 America l Airlines Inc......10
10
999 American Bank Note..
25'2
No.
Range
11
Sept
9
18% Feb
399 Amerada Petro
High
Low
{Con.)
Home Owners' Loan Corp—
3s series A
^
1944-1952 /1/N
Apr
30% Jan
6% oonv
45%
4*2
25%
Dec
1434 Apr 17
2,109
25%
25%
Deo
135%
Jan
65%M ay 5
22
Apr 29
100
0*2
0*2
*41
45%
4%
6
149
Portland Cem..No par
Amalgam Leather Go Inc
1
4934
19%
*'%«
*41
45%
4%
25%
23
17%
43%
19%
6%
6%
4*4
4%
20
121% 121
1%
1%
124
124
29
6%
45%
4
20%
25%
2534
2)%
*0%
*41
43%
43
4%
*4
20%
6%
6%
45
*41
16%
aqco
Price
1^8 series M.—
Allied Mills Co Inc
109 Alpha
16%
I
17%
Friday's
Bid & Asked
...1944-1964 m s
1944t1 949 m N
3%s
3s—^
Jan
299
......100
5% preferred
2,699 Allls-Chalm3r3 Ml','—N> par
23%
Week's
Range or
Sale
&
e
Federal Farm Mortgage Corp—
share
per
25:%
17% Dec
14% Jan 20
9
3% Apr
share $
per
2
7334 Feb 27
5% Jan 13
2234 Jan
Mar 14
72
2,499 Allied Stores Corp.....No par
67
23
*15%
*14
17%
*14
"1,200
4%
4%
*65
13us
1
*>3>6
16%
*14
11% Apr 2 4
12%
12%
68
23
*15%
15%
15%
No par
10%
*10
EXCHANGE
STOCK
U. S, Government
$
$ per share <
118% Apr 28
10% Jan 12
4%
*64%
22%
*4%
$ per share
1,600 Allied Chemical & Dye.No par
Allied Kid Co....—-——5
12%
4%
63
Par
123% 123%
10%
478
*16
1
*>3i«
*19
10%
12%
24
*6034
2334
16'2
*16
*10
Y.
Highest
Lowest
Highest
|
16%May 15
*60%
*3%
123%
68
478
63
334
123
13
1234
4%
434
25%
3%
123% 125%
124% 124%
*10
10%
Lowest
1,700 Alghny Lud Stl Corp..No par
...<t— Alleg & West Ry 6% gtd-100
...1
590 Allen Industries Inc
75
334
*60%
*334
4
*65%
16*2
*13ie
Shares
16%
N.
Week Ended May 15
16%
75
4
10%
*16%
10%
24%
*15%
$ per share
17%
13%
63
24%
$ per share
16%
*10
4%
4%
*84%
$ per share
18
12114
13
13
Year (1941)
Last
Is
BONDS
Range for Previous
Week
*17%
*334
10%
*10
the
May 15
j
121
124
Friday
May 14
75
*60*2
4
*3»4
124
Thursday
Ma/ 13
17%
17 »4
75
*17%
*60*8
Wednesday
May 12
S ver share
May 11
s per share
YORK STOCK
EXCHANGE
Tuesday
1
Monday
1
Range Since Jan. 1
On Basis of 109-Share Lots
STOCKS
Sales
sale prices
high
lo.v and
1905,
*8
9
8%
9
654
8
NEW YORK STOCK RECORD
NEW YORK BOND RECORD
Week's
Friday
bonds
N. Y. STOCK
Foreign Govt.
& Munic.
Sale
£ fc
No,
kS
Friday's
Rid
Price
•'
No. [jow
High
Low
(Cunt.)
!
-May 9
•'
May U
May 12
.
S ner share
I
share
per
H
♦Halt! (Republic) s f 6s ser A..1952 A O
Helslngfors (City) extl 6#s.—. 1960 -4 O
60
60
62
♦58^
55
*23
27
*20
27
*20
75
*67%
72
70
58#
-•
7
*12%
-
6»4
'6%
*12%
?
6%
*6%
♦6%
13%
1314
13%
33
33
10%
51
11%
51
*49
13
13%
32%
327g
69
i'.U
54
55%
*109% 112
76/.
fe
20%
j
♦Jugoslavia (State Mtge Bk) 7s 1957
':;5
A
i-
O
B%
BHi
••,: 1
,
5%
*107g
13
*8%
9
*62
♦12.=
m
""6
♦Mexico (US) extl 5s of 1899 £.1945 Q
♦Assenting os of 1899
1945 ci
5
JI
J
"ok" "17
m
I)
J
5#
5#
5#
i
J
J
32
7.14
J
v
6
7 H
58
TVs
x
7
;/■ 6
♦Montevideo (City)
•6s series A...
m:'M N
15 #
15 #
UH
15#
15#
78
-...1959 M S
7s_. .....1952 J D
.....1959 MW
15
78
78
"
5
*70
-4—
■'
'
"'J
•
*60
*62
-13%* 14%
\13%
•25
31%
14%
187g
19%
*18%
23%
23%
*1%
23%
1%
16%
8%
25%
*14%
.•'8
19
22%
'
*1%
1%
,
•
8
8-.
18%
18%
18%
16#
16#
*27%
31%
28%
31%
*27%
*31
28%
32%
*27%
78
75
1S38
*»>3J
"3'
'♦"a
*U3J
*1
1
1%
*14
18%
13j2
,
*1
1
J
8
*7%
*28% 30
life' 11%
6% ; 6%
27l2
16%
27
16%
7%
17%
17%
17%
29
*27%
29
32
*31%
32%
(331
*1
i%
1
1
1%
'■7%
7%
7%
7%
*28%
29%
11V
♦28%
29%
300 Bristol-Myers Co
1~30 f>
1%
70#
74
"
89#
84
53
53
51#
56
*12
>■
13%
55#
50#
55#
*17%
70
50
18%
21%
16%
.1985 A
—
O
.1963 F
A
J
1)
53
55 H
*55
6k
56
53
6I4
*20
"60;
Oslo (City) s
f4H8i-..i...N.-1955
A
O
40";
*36
*57 H
ser.
♦Nat Loan extls 16s 2d
ser..
.I960 J
D
1961 A
|*PoIand (Rep of) gold 6s.'—.1940
14#
14#
O
A
A
141
7#
7
229
7#
.
'i 13 H
13H*5
♦4 lis
assented...........1958
.
♦4Mb assented..
'."..1963 J
♦Porto AJegre (City of) 8s.....1961 J
0%
»6H
J
J
15 H
15 X
J)
15#
15#
14'^
"57g
20%
*20
*2%
7
*6lo
82%
18
52
*5%
*20
'
,2%
7:
82%
J
J
15#
6
♦70
8#
14%
34
4U- :,
■i
414
31#
*30
*2'"; .1
6%
14%
15 :
13 <4
12
ltiH
16
16#
4%
31%
;4U
*30%
'
*2
2#
13#
14#
8#
..1966 MN
15 X
15#
16
*7s municipal loan....... ..1967 J x>
15J4
15#.
15#
24%
24
2h
17
♦6 Via extl secured s
t—fe——1957 MN
—11936 J J
4—a—1950 / j
9#
29
29 H
*68%
-..11962 A/N
"•
< -
(Republic)
F
11
n
16#
*1%'
2
32
41-
25
26#
30
i 4
25
30
3
20#
29#
54
54#
64#
-
D
6#6#
*5#
•'r*5
a
;
v-5 65
rA
*-6#
65 <
65
56
*4#
8
^
1
4#
•4#
•4#.
"JO
40#
6#
6#
4#
5#
65
] 3#s extl readjustment..—..1984
.•%/•
•
j \i
■■
i
*17«;.
71#
A
'
J
43
-
v
-
;
/ /
r
41#
7
43-
-
•
57#
60
—"SS.
H.'•
D
D
.....iI
'-•
100#; 100#
1*100
103#
*104#
*104
104#
*55
Albany & Susq 1st guar 3#s.. 1946 A O
1946 AO
3Hs registered—......
*92#
Alleghany Corp—
'
5s modified..—........... 1944 F A
1849 J
1
■;
1
■fe
*6%
7
*678
5b modified
O
♦5s Income
1950 A O
-
48
68%
16%
*88
65#
104# 104#
103# 103#
106
105#
104#
17
63
104# 106
54
i 62
55
"54""
2%
29%
93
85
90#
; 90
>
2 H
no
671
78
71
34
63
76#
54
54
15
51
64
44#
45
17
41
59
*64
,"71
'
-
"65#
68
90
29% / 2978
178
2412
24%
f:
*178
15%
29%
90
*86
"*»%«
3%
y
r
2
j
'
3%
41%
3«.f
*33%
-52%
*•
16
.;*% 'j
V*lg
1116
%*iui
5:%
*9% -.10
;*9% >10: -f
*U%
*11% ,12%
1%
*1%
*18%
42
.-
:24%
*33%
*% ;,
42,
1
*2k
; 2%
30%
145
(30%
.<
;
10%
*47g
5
50%
.V %
%
.
*%
%
%
9%
*11%. 12%
*1%.. 1%
*18% 22
*%»
«
50%
:hl
•)%«
/
.-:;*%
*92%
♦32k
42
*32%
42
*32%
2%
31%
*30
107% 107% *107% 108% *107% ro8%
*22
22
22*21 \
24%
23%
*96
102
*96
102
*96k 102
2%
*214
32
♦30
*9%
*2%
*30
,
90
108
108
'
23%
*20%
102
*96
.
145
145
*65*;
108
75
108
*21
23
96
96
42
2%
31%
*2%
145
*—
108% 108%
23
*22
*75%
48%
*40
.
.
800
13%
*95
13%
*480
13%
80
*75
48%
36%
*44
11
13%
.
98%
*14%
15'»
1378
' 98%
*95
*11
11%
11
*97%
98%
*95
98%
♦97%
*15
15%
itl4Li
14%
14
11
*97%
98%
15%
15%
%
*1
9%
1%
*34%
*30%
1%
36%
34
35%
34
.
10
35%
*34
34
For footnotes see
,
10%
lk
*31%
page
*1%
1
1
9%
10
1%
*n1# •
1%
1%
1%
*9%
3.
=
•*i>rt
1%
9%,
*9%
13%
*13%
*95
11
*95
11%
*1
*480
1378
98%
11
*1%
800
*480
98%
13%
*95
*»i»
98%
800
*1%
10%
10%
1%
35%
34
1904.
,
.8,
>%«
1%
♦1%
1%
*1
10
10%
10%
10%
10%
10%
1%,.
*34
*31
-
1%
36
34
l's
*34
*31
i..
*480
13%
13%
—
5% preferred.-.':.......100
40 Clev & Pitts RR Co
*95
300 Cluett Peabody & Co..Wo par
Preferred
11%
98 'g
11%
*97%
98'g
14
*13%
14%
3,
>%«
1%
1%
1%
10%
*1%
10
10%
10%
1%
10
10
*1
'•
1%
37
1%
*34%
1%
35%
34
*32
34
..100
1,700 Coca-Cola Co (The).Wo par
Class A............Wo par
......
■>•——
Coca-Cola Intern Corp.No par
1,600 Colgate-Palmolive-Peet No par
$4.25 preferred ......No par
(
11
7% gtd.50
Special gtd 4% stock....50
13%
98 "g
5
'par
800 Climax Molybdenum..No par
.
♦480
... _ .
.No
Co.. 100
5% preferred..... —...100
48%
.
,
.
U>66
Collins A Aikman
(.Wo par
5% cony preferred..)....100
"
400 Colo Fuel A Iron Corp .Wo par
10 Colorado A Southern.....
100
4% 1st preferred..
100
10
4% 2d preferred
....100
1,600 Columb Br'd Sys Inc cl A.2.50
Cla3S B
2.50
600
10
7,300 Columbia Gas A Elec..Wo par
100
10
I
6% preferred series A... 100
1.5% preferred
..100
Feb
Mar
3
3
36
Dec
18%
Dec
Jan
12
Jan
'fl'6% .Mar
65
1087g
Dec
Dec
1
Jan
9% Jan
2
13% Mar 23
5
Apr 10
4% Jan 23
33
July
Apr
Dec
Deo
347g July
5% Jan
Apr
37%
Jan
Oct
21%
95% Dec
14% Dec
107%
Jan
Oct
•u Jan
1%
22%
15
6
3
6
,437g Jan
Feb
19% July
Apr
44%
49
Apr]
54
,
1
Jan
2
50
Jan
36% Jan
142% Mar
Feb 25
ll%Mar 13
97% Apr 25
10% May 7
May
13% Apr 28
% Apr 16
Jan
Dec
Aug
•
79% Jan
81
Dec
Jan
Sept
105
Oct
84%
Mar
50
44% Dec
397g Sept
Sept
Dec
148
Dec
106
60
Mar
740
July
107g Dec
100%- Feb
«Jan
63% Nov
740
July
16% Sept
106
Nov
5
11
Dec
2
105%
Dec
114
Jan
Mar
12% Dec
% Dec
20
Jan
18% Jan 26
1% Jan 30
2% Jan
3
2
Feb
.
.
30%
l7g
Jan
Dec
3% Aug
% Dec
2% Sept
1
31
2
1% Apr 281
x32k Apr 171
32
Apr 22 1
Feb
Jan
Aug
33%
78
22
6
8% Apr 17
8% Apr 24
Feb
85
115
142
7
105% Jan
14% Feb
105
Jan
May
48% Nov
63% Jan
Feb 25
137gMay
Oct
98
470
Feb
4% Sept
40% Aug
139
-Apr
24
28%
46%
Dec
Apr
27
10% Feb
104% Aug
...
Dec
70% Oct
109% Dec
3
7
6
9
Jan 22
5fl%Mar 24
55% Jan 28
1
Jan
Dec
2
5
1% Jan
Jan
72%
29%
Jan 26
44
96
Aug
40
5
.
32% Apr 28
25% Apr 24
470
3
27
8
3
5
100
14% Sept
Feb
Dec
92
84% Mar 10
Jan
% Jan
9% Sept
Dec
139
29
Jan
.,
8'g May
41% Dec
'
Jan
'«'• %
•%• July
1
8
112
Feb
10%
Apr 14
77% May 14
139
Dec
Jan
July
*u
-
20
2% Jan 12
34% Jan
Deo
%i
,
Jan 13
34
in
,
"*72""Mar l"0
May
Deo
Jan
4% Oct
44% 'Jan
102% Feb
1% July
6% Oct
3
July
11% Nov
8% Jan
37%
6"7%" Apr 17
107%May 7
22 May 11
95% May 15
47
Mar'
3%
9
10% Feb 25
96% Jan 23
2% Mar 9
29%Mar 12
>
: "• 37g
57% May
3
,r-
Deo]
•u
1% Mar,
1%« Man
5
Jan
25
2
tJan
9
18
Dec
5%
2% May
31% Dec
93
Dec
!, %-Jan 16
% Jan 29
% Feb , 3
•9% Apr 20
13% Feb 27
«2% Feb•6
2
ll7g Jan
1% Jan
May
22% Sept
9%
52
% Mar 23
8% Jart 2
21
.
39% Jan 21
2
k Jan
'
3
'17% Jan
7
Apr 28
Jan 29
50
»
Dec
4
Oct
1% Jan 29
5 • Jan 26
2
4% Aug
17
97
5
1% Jan
3% July
115% Jan.
"
Feb
25
..
2% Jan 26
22% Mar
Dec
77
6
7% Jan
Sept
75
2
4
Jan 30
36% Jun 21
98
Feb
7
;
Dec
10%June
4%
27
Jan
29% July
122%
Dec
1%
Jan
50% July
Xl5% June
Mar
>
125
Dec
Dec
5%
3
3
30
31% Jan 27
2% Jun 5
8
12kMay
Dec
x2%
43
Apr 25
C C C & St Louts Ry
110
*77',
80
.
.
.
■fe" 110 Clev El Illuna *4.50 pf.Wo par
10) Clev Graph Bronze Co (The) 1
95%
95%
.
30% Jan
3% Jan
87% Sept
112
95
Apr 14
_ .
Equipment
92% May
Apr
19
6
Jan
% Apr 16
.,34
100 City Stores.._ _
..
Dec
7
Jan 14
Apr
Jan
Dec
79
Feb 10
3
41
32
22
5|
17
/
Dec
1%
Aug
5%
397g Apr
3% July
32% Dec
28
100
89
Decl
3
Jan
40
Dec
26%
3% Feb 11
May 12
—
1078 June
Jan
Apr 27
,
1% Jan
7% Jan
I47g Jan
17% Sept
9% Nov
Mar 11
14%May 8
5% Apr 22
r
27g Apr 15
27% Apr 24
03
92
200 Clark
Dec
19
City investing Co.——.: 100
•
4%
6
5
29
100
6#% Preferred
110
......
800
80
fe
75
*66
77% 77% *77% 85
79%
*45% 48% *45% 48% *45% 48%
33
33
33
33%
34% 34% *33% 34%
28
28
27% 27%
*27%
28
27%
*27,: 28
*142% 148
*142% 148
148
*142% 148
*142% 148
65
65%
66
♦65
66
65%
65%
66%
,66
*59% 60% *59i2 ■ 60% *59% 60% *59% 60%
: 60%
i
17,700 Chrysler Corp...5
500 City Ice <t Fuel.....—Wo phr
55i2 7- 5657
9%
9%
9%
93%
93% *92
x55
.10
.
Chllds Co.-_.... — No par
Chile Copper Cq....25
9%
93%
56%
.
put
Chiokasha Cotton Oil L
:.""ioo
22
24% Sept
54% Nov
Dec
16k Apr 24
6% pf.100
100 Chicago Yellow Cab...No par
*11%
12%
*1 %,;. 1%
Mar
isji
2% Feb 17
r Jin t2
3% Feb 7
18
Jan 29
1% Apr 23
2
par
7% preferred......
100
6% preferred.
-.——.100
200
i
*18%
Co.i_-_._W0
Coninionfe^
200
,
9%
*91,-
Dec
61
23% Jan
6% prior preferred.....loo
Ti.oo
%«|
V
,
9% ;
_......
2,100 Chicago Pneumat Tool. Wo par
100
$3 conv preferred-.j.No par
Pr pf ($2.50) cum dlv No par
103
200 Chle Rock Isl & Pacific.. 100
12%-'13%
33% 33%
51%
*50
%
si«
,*1% = "1%
*18% .22
*65"..'
90
*65
.90
.
*i»\,
*10
15%
110
10|
2
7
7
M ay
,
1%
35%
%
;*9%
10
*11%. 12%
*1%
13
*331,1
''52%
*50
:i3%.. 3%
5%
13
2
5
tChe8ape1vkeCorp.__._W0 par
'7,900 Chesapeake <Sc Ohio Ry'.._i.25
Preferred series A—
100
""466 Chic & East 111 RR Co.Wo par
Class A. —
40
900
500 Chicago Great West RR Co.60
900
5% preferred
..50
600 Chicago Mall Order Co..—.6
l3i«
*93
9%
93
145
*65"-
10%
*47g
12%
35%
■12%
*9%
i
*32k
21?
31%
*30,
*10%
"par
Checker Cab Mfg
-"
90
13is
.
5
5534
92
93%
*2%.
i 10%
478
*9k
9%
*32%
178
:::
10
56k "57%
57%
*92,
•
1%
Ik
/
*18% 124%
56%
9%
;
1334%
52%
*50
'%«
•
Si
1%
'
7as
f
fe
J
10%
34%' *33%
*50
2
*89
15l«
3%3%
1%
1%
31,,
3%
5
36
v
90
*i%«
Preferred....:..
80 Cham Pap & Fib Co
287g
28%
28%
28%
1
Mar
1% Jan
14
May
;
800 Central Vfoleta Sugar Co
15%
26
29
71% Jan
23% Jan 27
1% Apr 27
.
Century Ribbon Mills .No
*5% .fe 6%
6%
3Jl
?.
♦89
90
*13, »
'
*5%
,*2%
287g
28%
*87%
1
,
12%. '12%
.;?%
; *5% K 6U
1:3 • fe 3«,;
314=
29%
28%
90
-
*15
15
.15
15%
i 6%
*2»t ,.;.
90
200
Jan
8% Jail
25]
1
4#% pref..100
100
100 ICent RR of New Jersey..
99%
12
93
Apr 27
25k
■
Apr
21% Jan
Apr 17:
.
*1%
*15
7%
Feb
6% Apr 15
25%
*95
Aug
14
May
120% Jan 22
94% Jan 14
2
99%
*5%
77
Jan
*95
23
Dec
Jan
Jan
July
42
23j
Apr
27
99%
Sept
67g July
Dec
4%
18
July
4i,i Sept
100
3
Apr 2)
1,800 Cerro de Pasco Copper. Wo par
200 Certain-teed Products...-..Ji
*95
*15
82
110
29%
2 /
99%
9%
25
Feb
69
5
*95
Dec
15
121% Apr 29
54% Apr 17
Jan 16
Jari
95%
15%
6%
1
Feb
Chain Belt
56% Nov
Dec
76%
27% Jan
23% Apr 28
2% Apr 2 4
66
; 18%
May
15%
49
4%
Jan
16
850
Dec
34% Jan
35% Sept
2078 July
11%
Feb
85
*17
.
8% July
Dec
Dec
89
joo
*18%
178
2378
Dec
Dec
37
"""l"6
29%
29%
2
25
29%
5%
18%
23%
6
Apr 20
5% Preferred..........ioo
.
Jan
July
2%
Apr 14
95
*86
*17
*1%
81#
95
*86
Jan
5%
76
Dec
32
.100
100 Central Foundry Co
■7
Sept
118
Dec
2%
51 fe- Feb
Dec
77
"foo
prior preferred..... 100
27g
June
,rl09
14,
37% Feb 16
2%May fl
1% Feb 10
7/0 2d preferred.
1,130 Cewtral 111 Lt
14%
*2
14% Sept
37
23% Mar
12% Jan
Dec
7%
1%
32
Apr 24
2%
14%
18%
♦
12%
90
80#
*2
278
*2
14%
278
*14%
15
*2
30
*4%
*97%
"
2%
*14
..
*2
-
15
1%
95%
Jau
11% Dec
6
5
6
15% Apr
12% Jan
Apr 24
80
Dec
Dec
5%
47g
400 Central Aguirre Assoc .No par
95%
1%
*94 i.i v 961i
*17
*1%
.
:
11
62
81#
"93
*1%
*94%
; *1%1%
*480
62#
100# 101- .98# 100#
102
106#
101
1%
95%
2%
*1%
1%
95%
*2% •: 2%
*14%
15
*2
2%
*90
95
7
I
1% Jan 14
7% Jan 14
3% Jail
297g,viay
30
17%
Dec
7
Jan
45% Oct
2% Aug
6% Jan
Apr
30
Jan
Jan
41
23% Deo
%
Sept
12%
25%
Dec
Dec
38
3
19% Jan
5()7g Jan
117
66%
34% 35% *34%
*27% 28
♦27%
*142%
*142% 148
.64
64%
65%
*59% 6012 *59%
72#
47
103#
*67g
66%
*10
6%
14%
10
12
Jan 10
57g Jan 2
17g Jan 2
9% Apr 25
29
Apr 16
,: 9oo Celotex Corp...—...No par
17%
3% July
39% Jan
17% Dec
Dec
16% Dec
20% Apr 3)
37g Jan 14
8% Jail 14
95
Jan 13
i
I"""lo
Preferred
310
21
Feb
7g
28
6
24% Feb
6% Feb
....100
.:
84
■
*16
95 iv
i 10%
93%
*32% 42
2%.,' 2%
*30 v 31
*-..,145
*.i—' 90
*70
70
81#
..
*40
101
66%
114
*81%
7
66%
678
7 •
69%
114
18%
r
-
83%
83
{ 16%
69%
17
5 f
■i'
4# "x 7. '
3# r. 6-
--v.
.1,
*55
D
1650 A
84
Apr
16
9
5
9
6
2
Feb
2
2,200 Caterpillar Tractor....Wo par
5,600 Celanese Ccrpof Amer.Wo Par
50
o/o series prior pref....100
V 320
7%
32%
17
84%
*17
*3%
'
-70
*66 v;
"47
.
D
For footnotes see page 1905,
117
84
*16%
16%
84%
115 ,115
*115
*68%
32
16%
84%
16%
*80%
.84
fell
9%,v 9%
...
A
16%
84%
33%
Mills..l..u..'.Ni'Dar
700 Case (J I) Co
80
18% Dor
Mar 17
3% Feb
16% Jan 2
50% Apr 14
% Jan 3
Callahan Zinc-Leadl
200 Carriers <fc General Corp
121
23% July
2l7g Sept
2
Jan
10
100
400 Carpenter Steel Co.......__5
2%
60%
120
Dec
7% Jan 27
6
80% Apr 28
70 Carolina Clinch & Ohio Ry
32
x32
16
*80%
32%
*2%
*59,
120
;
114-114
84
2%
*57%
*119
120
33
16%
•
Albany Perfor Wrap Pap 6s._. 1948 A O
6s with warr assented
1948 A O
Alleghany & West 1st gu 4s... 1698
61
59%
120
60%
•2%
2%
*2%
j
84
„
10%
V *9%: 10
>*11% '%12%
|:*l%'i ~ -1%
*18% 24%
•
Alabama Power 1st mtge 3 #8. 1972 J
modified—.......
2%
17%
j
29
56% -57%
:
!
10-year deb 4#s stamped-.. 1946 F A
5s
24
10%
.
fe
1947 J
*23
:
46#
•iVfe/
(Abltlbl Power & Paper— ;
§♦58 series A unstamped— 1953 J D
1953 J D
.!
♦Stamped
1948 M S
Adams Express coll tr g 4a
...
24
*4%
i'
#',57#
54
(30
*4# .'- -67#
•«5#fe--5#
v.
Coll trust 4s of 1907
24
12%
.*33%
*92
t
.
F. A
Ala Gt Southern 1st conB A 5s. 1943 J
1043 J
1st cons 4s series B...
24%
25%
*86
=.7m
:i
■
*24
"24%
Jan
17
19% Jan
6% Mar
Capital Admin class
83
54
24% Sept
'•1
"""*40 _$3 preferred A
35
*80
2
*5%
52%
52#;
,
59
.42#
fe ■■ 1
.-1
COMPANIES
*33
83
5
r
*%
51
60
-
•
58 #
RAILROAD and INDUSTRIAL
V-.M
2 -j
10%
12%
,
>
•
35
:t2%. %3%
3%
-
*50 "
55
*48
-1
'A:;
.:
*24%
*14%
-
'
♦Warsaw (City) external 7a... 1958 FA
assented..:..—,,-:—-1958
*33
*80%
r2
-9. 1
1
C
*3%
-(
/: fe/
♦4#s
35
83
Jan
Apr
55% Jan
5% Jan 19
No par
''
300 Cannon
2%
*17g
*33
*80
16%
95
95%
90
1
53#% 59#
75|
2%
,*178
2%
.*4 V 4%
*29% 32
26%
*17
29%
29.
*88
71#.74#
K
30%
*17O
1%
3%
.,=76 -"
:,'7
30%
Jan
38
Jan
7% Feb 14
15% Mar 30
Jan
5
26
Jan
7
19% Feb 1-1
2% Apr 17
5
1,000 Canada Dry Ganger Ale...
Canada Southern Ry Co. .100
200 Canadian Pacific Ry
25
10',1
32%
83
'
•
.
Ij b
F
4%
31%
14%
*9%
*29
26
14%
5%
•
*10%
'
I
95%
*
»
,
I#
55# L. 56.
•
External conversion.....' 1979 A/N
i
2
14%
*5%
i1.
6#
-6#
10%
32%
s4:... :.4%
*29
35
111%
23
Apr
18
2,0)0 Calumet <fe HeclaCons Cop__5
1,400 Campbell W & C Fdy4.No par
6
14%
10%
10%
*2
6
14
14%
32%
2", 100
%
35
32%
15
2%
!
j *90
27
.
95
"
*65#. :..I:
*65#
74
*65# ; 80
6s.i..'.ii...i.l960 A/N
♦External s,f 68.4—c—.——1964 Mt$
; 3#s-4-4#s;(S bonds of 1937)
r
"f
external readjustment.-...1970 A/N
,! 3%-4-4#s (* l>«h<l8 of 1937)— i
3#>-4#-4»ii extl convl._-.li 1978
4-4#-4#s extl readj_—.__*_l»78
*9%
*29%
i 4
*30%
■
; 84
1%
14%
*2
*16%". 18%:
"
•
♦Externals f
~
14
10%
32%
^2
' 2%
30%.,» 29% .29%
14
59
-
2,200 California Packing....^ par
5% preferred....
50
52
%
'578
6
14%
-
*49
,52
:*h
%
%
!•; 6
*2%
96 !
2%
*2%
14%
2%
95
*4%
F
6
*2
69%
17%
*94%
2%
(i
•J 30
«
extl 881.1946
'■
j 4%
841
*1%:
94
*90
X'.-X
; U
(Uruguay
-
^
*80
114 1
1%
*1#;
.>i94.
^ ,c*2%
6H
1'
*<9
16%
*68%
17%
17
54
58
•Silesia (Prov of) extl 7s......1958 1/ D
■
52
52'
Apr
Oct
Dec
66
Jan 23
2% Jan
Participating preferred.. 100
1,400 Byron Jackson Co ..'...No par
167g
♦33.;
>7 Si'".'' 7
-
69%
17
68
17#
62#
■11#
t
J
*49
'
16%
16
l"w4-
assented1958
Sydney (City) s f 5#s
.-..11955
1678
•
84
80
7'
29#
29#
29#
"58"
1940 A O
♦4 Ha
*16%
24%
114
80
29#
-
29
Serbs Croats Jb Sloyeties (KJngdom) ;
♦8s secured extl.........
1962 A/N
*"
16
*82%
11312
16#
40#
40#
29
.,-
17#
v
40 H
*8sexternal.....
♦7s extl water loan...1956 M S.
♦6s extl dollar loan"...1968 J j
♦7s series B sec extl.'
17%
32%
32%
16
84
111
15#
10#
66#
-
16
;
|*Ban Paulo (State) 8s
|♦Secured s f 7s....
fir-;'
2%
2%
33
*2
66
[Byers Co (A M)._
12%
43
1
1
17
6% Jan 2
30
17%
*75
300
.
Mar
89
Jan
3
h Jan 13
1% Jan 5
9% Feb 7
Jan 16
35
Jan 16
14
87g Jan 9
112% Jan 27
3% Jan 3
par
.
.
90
Jan
Jan
25%
9% Jan
187g Apr
19% vlay
147gMay
5% oonv preferred
—30
Butte Copper & Zinc.....—5
V 700
7
12%
24
14%
.......1964 m. S
extl a 14a
2%'
82
4%
1
24%
*2%
♦Sao Paulo (City of, Brazil) 8s_1952 M N
20%,
*214
*6%
*20
*75
10
83%
''s *1
Santa Fe
_
Dec
29% Feb 25
53
-1
,170 Bush Term Blilg7% pf..._100
300 Butler Bros
1.. ......-.10
100
*12
*30%
2%
33
*79%
16#
14#
10#
UH
6%
82%
*
O
1968 J
-
2%
2,400 Burroughs Add Mach.-No
500 Bush Term! nal. 1—i—.
Oct
70
2
6%
....No par
17
6
30% Jan
18% Feb
May 15
17%May U
600 Burlington Mills Corp......l
Conv pref $2.75ser._A7o par
300
10%
18%
Deo
Jan' 5
Feb 10
2% Feb
12
I
.......No par
200 Bulova Watch
5%
•'
12%
14U
33
13#
8#
D
♦6s extl sfg.
♦7s extl loan of 1926
20%
5%
:
82
*30'
82;
15#
'
13#
5%
20%
2%
6%
207g
12%
*81
60%
60%
60% 60% *59% 60%
120% *120
120# 1201? *120
120%
75
10
15#
•
*5%
7
*6%
21
12%
•
10
34
34
15%
15H
21
12%
.6
85
33
O
6%
%
*31#
*82
A
2%
21%
*5%
5%
*20%: 20%
/
2%
2%
20%
83
*49.
14%
*978
♦29%
9%
J
954
!;>/■//.// R
♦Rio de Janeiro (City of) 8s. ..1946 A
-.1953 F
V ♦Extl sec 6#s.—...-Rio Grande do Sul (State of)
♦8s extl loan of 1921..... ..1946 A
♦16'g
*53%
*6%
*2%
12%
%
%
6%
6's
j?
*29ig
15#
50#
75
'
-
*2U2
1678
56
6%
2%
17V
*49
«4
*l3h
7#
15
,
Queensland (State) extl 63.... 1947 F A
21%
*53%
6%
<2%
12 ;
*83
19
21%
*16%
200 Bullard Co
Dec
7
Jan
No par
100 Buffalo Forge Co
18%
22%
167g
55%
6%
27g
2078
.
16%
i
2%
i'
*81
12%
*2%
1966
•5 ♦Extl loan
"
2%
*18
54%
6%
6%
2%
900 Budd Wheel.
6%
12
12
18%
16%
2%
21%
5%
20%
6%
17%
*49 V
2%
•21%
13%
*17%
54
17;
51%
6%
r
'6%'''
6%
6%
*12
j'"..*
8#
<*7#,,10 '
5#
8#
9# 15#
,r
57g
*17#
5#.'
r7#
27g
22%
*6%
13%
*17%' 18%
*21% 22
*12
13
>10
Apr 21
15#
14
23
;
821.4
12%
•<
1H
6%
12%
;15#
15#
7#
„7H
6%
*12
,vv'
*14%
Ol
*54 v.
2%
3.1
O
O
"23
486
•15#
13%
'
O
; ♦Stabilization loan s f 7s....1947 A
♦4 Hb assented
—
1968 A
♦External sink fund g 8s.__.1950 J
13
15#
15#
12 X
12#
14 #
*
10
104
*102 H
•Pernambuco (State or) 78.__.1947 A/ S
♦Peru (Rep of) external 7s....1959 M S|
*Nat Loan extls f 6s 1st
64
57#
64#
57# 64
101# 103#
8#
13
65
64:
Stamp mod 3#s ext to
1994 J I)
Ext sec ref 3 #« ser B....... 1967 M 8
22
*16%
54%
*21%
20%
82k
♦Panama (Hep) extl s fftsier A.1963 MN
♦Staini>ed assented 5s—.1963 A/N
-
57g
2%
22
17
5414
6%
*2%
27g
*6%
18
13%
17
22
*20
p
18
:«%
*21 fe 22
67s
27g
*207g
*5%
38#
27#
*12
17%
:
17%
54%
*6%
6%
6%
13%
*6%
*12
317g Aug
2378 Sepc
Dec
Dec
Apr
24
90
55 H
89#
89#
55#
83#
89 X
Deo
5
5
Jan 7
20% Jan 13
2,000 Buoyrus-Erlc Co..—.--5
7% preferred...
100 x!03% Mar 12
2% Apr 24
lTIoo Budd (E G) Mfg...
No par
50
Apr 15
590
7% preferred
—.—100
,
'
A
;
Dec
15%
i
21% Jan
1
Apr 2)
7
Apr 23
28%May 151
97« Apr 17
6% May 14
Transit..No par
300 Bruns-Balke-Collender./Vo par
11
11%
10%
*10%
107g *10%
1 6%
6%
6%
6%
6%
6%
6% i 67g
6%
6%
106
*104
*103% 106
*101% 106
*104% 106
*101% 106
*104% 106
'•
2%
*2%
2%
2%
*2%2%
2%
2%
2%
2%
2%
*2%
50
52
51%
51%
50%
51% 51% ; 52
50% 50%
51% 51%
,
Bklyn-Manh
Dec
Jan
May
34% July
89% Jan
131% Jan
Jan
31%
95%
40%
17%
si® Apr 16
par
600 Brooklyn Union Gas ...No par
100 Brown Shoe Co...
No par
7%
28%
11%
7%
28%
*10%
51%
21
14
30
5
Brooklyn & Queens Tr.No
57
Dec
115
26
Brlggs & Stratton.....No par
29
32%
207g
19%
■1
70
16% Apr 28
7% Apr 28
15% Jan 2
Brewing Corp. of America..15
Bridgeport Brass Co ...No par
3,000 Brlggs Manufacturing.No par
41% Sent
Aug
12
Mar 10
25
"i'foo
18
*1
8
*
.....5
100 Boston & Maine RR
100
100 Bower Roller Bearing Co..—5
*n3J
43,2
.No par
4,900 Borg-Warner Corp.
26%
16%
77g
*27%
*30%
*'%sj
Class B
100 Bond Stores Inc..—........1
15
3,300 Borden Co (The)
187g
*25%
*13%
7%
30
8 v
*28%
'*"70
Apr
10% Dec
50
14% Jan
65% Apr 28
13%Muy 13
25
May 2
77%Miy 6
30% Apr 28
13%Mar 13
18% Mar 31
19% Jan 2
1% Jan 6
*
Jan
Jan
8% July
17
Oct
"•*39%
Jan
7% Jan
Apr
Dec
10%
22% Jan 20
19% Jan 28
29
39
30
Apr 30
8
par
600 Bohn Aluminum & Brass..15
Bon Ami Co class A...No par
22% 22%
IV; 1%
*13%
*25i2
17%
*27%
31%
♦
u„
'32%
,
8
30
22%
1%
17%
29
*32
*1% ;•
8
fe
18
18%
22
121
6,000 Boeing Airplane Co.—
30%
13%
13%
7%
*25%
16%
*14
16%
xl8%
23
;■ 1%
18%
22%
*u?
■:
27
*25%
25%
■
14%
19%
23%
31%
14%
19
■
,
14
15
27
share
32
126
6%
.24% Jan 19
667g Jan
Blumenthal & Co pref....100
14
25%
77%
30%
26
Bliss & Laughlln Inc.i...—_5
108
lf,%Mar 30
397g Jan 3
14
Jan 13
52
Jan 23
18
per
Feb
June
28%
15
Highest
|
share $
per
24
May
31%May
97g vfay
46% Mar
17% Apr
52
May
x
No par
Bloomlngdale Brothers. No
Feb
109%May
18% Apr
11% Apr
5% Apr
11% Apr
.5
..
11%
13%
13%
31%
*13%
25%
Aviation
Best & Co
67
*1%
i/fe'fe O/§
4
67
31%
*13%
16%
•
*62
31%
*54
-
67
*30%
1956 M R
1943 F A
Municipal Bank extl s f 5s..1970
•
*62
15
*13%
"
9
31%
14%
1944 F
—
Externals f 4#s——
4s s f extl loan
,
*8
*30%
*13%
External sink fund 4#s
v
9
5%
51
31%
14%
19%
External 6s..........
Norway external 6s
:
5%
11%
*8
16
*71
*14%
48
*10%
9
5%
*15%
♦25
*25%
44
11%
*8
,
12
300 Black <fc Decker Mfg Co No par
...i.JVo par
1,200 Blaw-Knox Co.
20
*10%
15%
13% Mar 18
1,700 Beneficial Indus Loan__(W> par
Pr pd $2.50 dlv aer'38 No par
101% 101%
77%
7#
66.:
;;
16
5%
52%
5,300 Bendix
3ft
$
110% Jan 10
7% Jan 29
15
May 8
6% May 14
7,600 Bethlehem Steel (Del)..No par
7% preferred...
:.100
400
900 Bigelow-8anf Cam Inc-No par
•52
*109% 112
X20
20%
25%
1%
27%
72
A
O
20
21%
15%
19
'fe'fe
I—.1957
F
Externals f 6s..——;
External s f 5s..
.Apr 1958 A
53%
110
*71
*11
New South Wales (State)
53
52%
20%
23
)
,
u"66
»7o •; 77%
*7%
*28%
:fe
18%
77%
75
:
51
*18
25%
25%
70
20
*49
18%
18%
*25
7#
9#
; 10#
,21
51
*49
18%
53%
70
18%
..—.1958 M 8
11
11
*70"
Minas Geraes (State)—
♦Sec extl sf6#s
♦sec extl s f 6#s
12
32
11
: 14%
».
7#
6
,
12
31%
11
15%
*8
♦Assenting 4s of 1904
..1954
♦Assenting 4s of 1910..... ..1945
{♦'freas 6s of '13 assent.... 1933
12%
32
9
*62
Jan23
Apr 24
10%
25%
77%
*13%
7H
5#
7#
.5#
35
69
28
64
12%
*157g
5%
*107g
*8'.
.—.50
1,400 Belding-H«mingway.._JV'> par
Belgian Nat Rys part pref....
1
"3J06 Bell Aircraft Corp
....
Highest
S per share
Co....20
Packing
31%
51
110
*12%
Beech-Nut
12%
*70
31%
'
7H
*62
25%
77%
*70
Mexlcanirrlgatlon—
♦4 #sstampe(l assented. —..1943 M W
9
'15% -15%'
r-
25%
82#
72
V
....
"""366
32%
18%
"
*8%
70
15
13.
8 //;f
■
12 H
79
—19&4
Mendoza (Prov) 4s reudj1964
I
16
*5%
6#
5#
;/{:€]';
♦Medellln (Colombia) 6#b._
20%
*15%
*49
51%
18%
18%
18%
54% 55%
541? 55
112
110% 110% *110
21%
21%
21% *21
1
16
15%
15%
*15%
5%
6%
5% fe 5%
*107g
11%
12% *11 -
'
'
11
*177g
18%
••
11
10%,
*48%
18%
*49
87
75
6%
Lowest
Lowest
27
*69%
*6%
69%
6%
*12%
12%
32%
10%
*12%
-
33
13%
32%
10%
♦75
*22
70
6%
70
of lOO-.STiara Lots
$ per share
Par
Beech Creek RR
27
6%
27
*67
'
Irish Free State extl s f 5s.... 1960 MW
Shares
*12%
28
70%
63
47#
...»
Week
S vet share
*22
*23%
*65%
*6%
Range for Previous
Year (1941)
Range Since Jan. 1
On Basis
STOCK
High
l
1
May 14
? ner share
Thursday
S r>er share
-
YORK
EXCHANGE
the
Friday
Mat 16-
Wednesday
May 13
Tuesday
Monday
•
$ per share
/;/,.•/
NEW
for
Saturday
Jan.. t-'
to
ctapi: c
Sales
Since
S
o
Asked:
&
LOW AND HIGH SALE PRICES
Range
Ranye or
Last
II
EXCHANGE
Week Ended May 15
1897
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
Volume 155
13% Jan
11
Dec
21%
Jan
13% Jan
11
Dec
21
Jan
1% Jan
54
J&n
1
Dec
47g
43% Dec
42% Nov
82%
Jan
72
Apr
45% Jan
i
Jan
>**
nmw
Monday, May 18, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1898
NEW YORK
NEW YORK STOCK RECORD
BOND RECORD
Friday
LOW
Sales
SALE PRI7ES
HIGH
AND
for
Monday
Saturday
Mayfr
May 11
$ per share
S per share
$ per share
the
May 14
$ per share
Friday
May 15,
$ per share
Shares
Lowest
2 7i 2
*25%
1S»2
97
18
27%
18%
97
6
6
*26
l'6l*
*3112
6
*31%
24
24
24
*51
63%
18%
*91%
*57*
177»
*25%
%2
3i#
18%
18%
18%
2%
13 u
2
23
27 %
\ 27%
11,600
2,400
18%
13%
'
*13
1334
17
16%
1034
15 >4
10
10
10'8
*378
10%
*77
80
*77
80
*8612
83»2
*33
5
5
*13
!■
16
10
80
*77%
83%
89%
5
5
15%
10%
:
80
83
*75%
891.1
*33%
88%
.
.
8,400
too
131
1258
85
12%
84%
*%
85
478
,
12%
84%
%
i
*7%
8
2
4%
5
434
891
50
!
*83
85
*34%
13
13
12%
13
83
24>8
83
*74%
25
21%
24%
7%
34i8
278
7*8
34
2%
20%
13 %
9%
47,
*7%
33%
2-%
20%
*1612
*3%
*45
23%
44t.i
24%
7's
738
7%
34%
3334
7%
34%
278
20%
3
278
278
*29i2
29
28%
44 >s
44%
20%
20%
*13%
1578
9
13
0
9%
*334
47
28%
44%
-
*2 %
%
^^32'
^
*li3j
%
114
11%
11%
11-34
11%
11%
*35
94
*35
91
*13%
14
*1334
14
0%
6%
14%
14%
14%
14%
1434
1«4
r"5%
*120
*10%
7934
11%
*/5
78-34
t
*42'
V
90
90
-
•6%
14%
15.
10%
19%
78%
*77%
27
63
H%
12%
5%
5%
5%
5%
140
*125 - 140
*127
3,300
*11
12%
13
78
*77:/
10
*,>%
9%
*14%
15%
1434
1434
*14
14%
*14
*30
93
93
*90
93
*90
78
93
%6
578
•
916
9u
14%
*13%
*12%
14
14
*14
1-3%
6%
13%
654
*1278. 13%
6%
22%
95
*51%
....
2-2
*35%
*51%
13%
6'%
22%
22%
95
14%
6-34
22%
*35%
•m-jw
15
9%
*13U
-IO "
6%
22
3)4 s
21%
21
95-
*85%
13
s
f 4a ser
33
106%
107%
115
B—1955
C (Del)
...1957
*J'%
3
5%
13%
t
♦H'-s
934
19%
13%
*2514
*10%
23
*13%
11'
7%
7>h
i
3t4
3U
j
534
5%.
*4
5%
11
7i2
3's
*4
U32
16
5%
20
*1934
25%
*10%
2-5%
25%
11
8%
■J -6%
Jan
23%
•:-l87g
14% May
Apr27
41
.
fll '*
7%
-.
.15
5
Jan/8
Jan
14
Mar
2
4
Jun 19
T% pf-100
$8 preferred.—-.4--Wo Par
Cutler-Hammer lac...No par
44
Jan 17
13
May 14
7%
/
3%
*14
T8U
16
17
17
*17
17 ?s
*17
1*3
17
n
5
20
o:20
20
*19%
20
*1H2
20
19%
*33%.
33%
*33%
33%
9
O
*3
1934
*3,".
*33%
3334
*3%
9%
1378
78
-
*3
8.78
197&
*33%
,*19V
55
55
*51'i2
99
9%
17%
*1678
73%
*77
*3
8%
*8
: ■'
3414
*33i;i
20
*19%
34%
14'%
9
9
8%
55 2
*13 ?8
1
55
54%
9934 109
*1378
14%
13%
i
4
50
13^
3>2
*3
3%
*7
8I4
8U
8%
8%
*H4t2 ll»3i2 *11412 119% *115
110
J
110
1I034
10)% nav
*121! 2 123
123
123% 1"23%
115% 115
11514 H5I4 115
3%
8%
»,
119'
70
:
34
*33%
307
79
*3%
■34%
Jan 26
Feb
... _ .
19/ Jan
July
27% Jan
45% Jan
15% Jan
9
>
Dee
/
;•:
-
Dec
98%
8% Sept
127% Sept
77
Dec
Dec
Dec
Dec
■
42%
*
l'9i 2
*19%
8%
52%
9
:
*3%.
98%
98%
*97?4
*13%
14
*1334 ' 14
3%
3%
*334
9%
3%
3%
8%
'
8%
119% *116
107%.
20
509
7.00
121% 122
'
*121% 122%
600
115
115!» 1151"
440
115
Jan 23
11% Jan 19i
8]
8%' Jan
5
Jan
18
"Apr 28
33% Apr24
8% Apr 17
16% Mar
70
1—No par
A.J——No par
8
7
80%
f
257
76
70%
I
,
J
J
"163%
12
31%
■
22
36%
69
691
•
-63%
98%
31%
98%"
M ^
8
32
-
36
2
11
90
-12
103%-* 105%
80
83)$
66%
62%
94% 100
73
67%
40
30%
33
25%
95% 100/
103% 100
57
58
60%
62%
65%
65
O
1/
60
61%
175
59%
28%
2»%
30-
189
28%
39%
33J
33
34%
r
44%
28%
O
30
47
28%
30%
30
50
28%
39
;6l:j
D
•r
1)
J
Ref g
M S
33
Tee
•
M S
28%
28%
F
22%
22%
.23%
268
50%
49%
52%
90
49
41 :
41%
87
40)%
48%
48%
3
96%
90
50%
59
50
A
22% *42%
•
4aextended to...-1951 MN
(lnt at 3)4%
I 1947) due..,.—1950 J/J
8'west Dtv 1st M
4s A—1959
J
41%
J
99
1
J
J
J.
D
A
j
58%
58%
*44%
O
of Pa 5s aeries B
1918 r
1st A. ref 58 series C——I960 A
Belvlderc Del cons 3%»S-i
•1913 J
,
80
53%
18
95%
09
11
48
50%,
15
40
59
45
107
10
H8%
r3
"99
O
;*-q;
48
72%,
'"'7
*98%
■"r-r/
J
O
-.1950
80%
-
-
48%
44
4%
128%
D
A
-
10
104%
O
J
1950
/ 54%
M:
J
Bell Telep
'July
,
1946) due—1995
58 %
D '
J
10%
?
'27
83%
106% 103%
127%. 130%
"oirT, "99%
96%
97%
97%
104%
103%
104%
104%
100%
100%
103
Mfg
8
103
Mar U
120
Apr24
111% Mac 14
Jan
Aug
18-'% Jab
30%
2%
Feb
^
%* Sept
103;
67s Apr /10%
>12% M iy ;.i I814!
86
:65
Dec
12^
41
'
97%
S
79% Apr 17
9 -Feb 13
36' Jan 12
f
21
Jan 29
i
i 7
70% Jan 6124% Jutr ,3:
15% Jaa 3
j69%. Dec;
1
'
!
Bklyn Un Gas
73
"1st oonsg 5a.—1945
Btamped, modified
23% June '*
/2%;Dee
9% Feb- 0 .'•I 6
fill Apr* 13 i 105
!
"l5
107
v..
MN
101%-
100%
73
100% 100
98% 103 /
102%
100
100
79%
78%
•"
72%
88%
88% 105/
8H%-, -80%
113%
37%
113/113%
110% 110%
113%
38%
(interest at
—.1957
3% to 1916) due—
MN
/ 37%
35%
111
Dec
4*lst A coll 5s.........1934 ]A} O
1
♦Certificates of deposit.—...
Bush Terminal 1st 4s.——1952 a'6
■1034 July
f
Aug
117
Jan
>'
16Jan
126% Jan <.7
.136% Dec
1207% Feb
I2J
!U5% 4-ajrl l
111% July
U8
1144;: Jan -2
,
Deb
„
*
i' ' ;
tBurlington Cedar Rap A Nor—
6'%. Jan;
"
76
43%
22%
108%
14
103%
'lOOH
1st lieu A ref 5s series
/
32%
21%
107%
A
71%
201
/ 36
'
.
B-—1957 MN
B.—1981 F A
Buff Niag Elec 3)4s series C—1967 J p
Buffalo Rochester A Pgh Ry—
12%-Dec
70
91
75%
"Is
73%
-
-
*19
BuftaiO:Gen Elec 4J4s
i
75
85%
74
33
33 ^
fio7%
M N
F
73
■
V
>•
-78%
/ 90
I4l3t Jan-
•
.
'
A
Jan
79 .»■ Jan
-
•
F
77*
1st lien A ref 6s series A — — 1947 MN
Debenture gold 5s —ii-—-1950 J D
yll 1% Sept
4%MaeI'6
1
May
3
4
*73
•
.*
102% 102%
90
ist 4s—1955
Bklyn Edlsonj cons, M 3)is--.1966
Bklyn Union El 1st g 5s.—...1950
S
Jan
Jan
32%" Dee '.37% Oct
17 r May
23% Jan
»9%, lOecl 1)7% July
1
r 13% Jan 21
s
«•
1955
—
t*Boston A N; Y Air L
11% Nov
■
>
.
105%
100% 102
102% 105
103%
105%
M N
Jan
'
W5..-
103%. 105%
*102%
19o7
'
■
9
Feb 26
•i/V.4
A
11st g 4%s series JJ..i—1961 A O
J
1st mtge 4s series RR....—1960 J
*Inc mtge 4)4s ser A...July 1970 MN
% Aug
"*
io5%
M
fBoston A Maine 1st 5s A C—
1st M 5sseries lt—...
23% Apr
20% Sept
297^ Jan
"12% Dec
Jan 27
9% Feb
I
Aug
6'4
;
16 * Dec
5.
013
F.....1959
;.1960
H——. 1965
Big Sandy 1st mtge 48.;...1944
Blavr Knox 1st mtge 3)48.——1950 F
July
14
De
Dec
!
Jan
Oct
-
Dec
t
Feb 26
A
33
5
:8
A
F
/2t.
18
7
23
112
J
F
Consol mtge 3)^s ser
114
/"'Apr
6
Jan-23!
18% J ul 7
Jan-
14
52
Apr 28
95
Apr 2 9
13% Mar 9
: 2% Apr 28
J
Consol mtge 3s ser G..
r
;
: 27% Jan 19
>38% Jan
Apr
32%May
16% Apr
8 i Apr
■
Consol mtge 3)4sser
:
II %
9%i Dec
% Jan'27
21
"»
!
Sept
18
J D
47g Jan 27
•
5% Sept
;r
'"Feb "28*% Sept
18%
ll78Feb20|
'
Casting Go No par
Dec
5.
2
14
-
Co.------No par
DunldH International——-1
Duplan Corp.:--.—.--No par
8% preferred—— i—100
Du P de Nera ((E l) & Co—120
$4.50 preferred-.'.---No par
DuQuesne Eight 5% 1st pf.100
Dresser
278
6%, Apr
109% July
-.
24% Jan 14
29
Feb 27
Apr 28
%i
Ltd......No par
Douglas Aircraft.;—No V"
Dow Chemical Co..2—No par
"X266
100
3
Dome Mines
1191
110% *115
109
103%
Glass
V
100% 103
101 - 104%
4
104%
81%
6i%
80')4
'!
•
J
—
47% Mar
\l4% Dec
May* 6
119% Jan
.
:
warrants..100
Doehler Die
103
103%
J
Aroostook 1st 59——1943
Can ref 4s..—^—
-——1951
r
4s stamped
1951
Battle Cr & Stur 1st gu 3s—1989
Beech Creek ext 1st g 3)48—-.1951
'
-
16%
2
Jan
14% Apr
'
52<
52
53
*97
»
20
200
2,100
1,200
1,100
6,100
103
101)4
D ,63
MN
Bangor &
Aug
-
to Dec 1
\. Toledo Cin Div ref
Jan
r
90
Dec
3% Jan 10
1
;
7
Dixie-Vortex -Co
„
100/
to Jan
10% Sopt
29% Jab
Feb
*14%
-
112)
110
109% 111 /
111
*99
'
:
J
registered——v.
Pgh h E <k W Va System—
4
34Feb
•
Dec
^80
Jan
17ji
45
Dec
6's
24 :
12
86
Ape30
f 52' Apr 17
17% Jan 14
;
Dec
16;
1
-
HI--
J
/•/ 60 Sept I-1946) due..—1900
♦Conv due.
..Feb 1 19b0
!
Jan
16%
-
Dee l 25.,{ Jan
Dec
Dec .(99
•13%
•
110%
MN !'• 90
D (lnt at 1 %
r—..to- Sept 1 1946) due
2000
Ref & gen ser F (lnt at 1%
Jan
£-3%, Feb
72 Feb
.
-105'id
110%
*104%
Ref A gen ser
f
.
13% Nov
%
-
■r,
Oct
94 -f
>
1% May
>
J
4s.—.—.July 1948 A
:_1918 A
Stamped modified bonds—•
>■ j*
1st rntge g (lnt at 4% to
1
Oct 1 1946) due...-July 1918 A
Ref A gen ser A (lnt at 1 % to
>£ Dec 1 1946) due..—..L1995 JRef A gen ser CI (lnt at 1 1-5%
4s
Jan
107
-73%
'ji
101%
*09%
M S
1st mtgo gold
107g Jan
47%; Jan
7
10 5%
101%
104%
'j-Jif' "
:%•
Jan
Dec
•"!
93
91%
91%
111
106% 109%
88% 93 >
87%
02%
101% 102%
101% 103%
97% 99%
103% 105''m
-100%
-*-
93 / ;1
r
_
I \ 78
Dec
'
Co.—-2
Corp-Seagr's Ltd.No par
5% pref with
200
8
34%
19%
- 9
109
"oik"
/•;/// B ///
Dee
3878
2578 Jim
;
18% Apr29
25% May 7
978. Apr 25
preferred——25
700
17
79
6%-partlc
,
Diamond: T Motor Car
Distil
4
8% Apr 17
102
M»rl6
'A7h Apr 16
_
307
o%
♦at*
,
;
497
19%
t
f
"6", 59 9
19%
*1'634
9%
■
107% 109
122% 12278
115 : 115%
115%
10
3%
3%
*3%
123
16%
16
*33,%
14
*115
110
15%
*19
109%
104% 100%
104
.100%
Baltimore A Ohio ItR—
Jan
.
1st 30-year 5s series B——.
Jan
28 •
% Ap; 4
18% Mar 27
18% !Jan' 5
5
9% Jan 6
7
.
^4% pf -100
Inc..,
278 Apr
15% Jan
Corp.—.-.--5
Detsel-Wemm3r-Gilbert.:—10
Delaware A Hudson..—100
Delaware Lack & Western..50
t Denv & R G West 6% pf-100
Detroit Edison. —- -20
Devoe & Raynolds A—N» par
Diamond Match-..-—No par
3,800
a
/1 •.•■•'...* ■■■ .■" /
■■/
Beth Steef 3)4s conv deps—^.1952 A
—-1
Deere & Co:-—-,'--No par
Preferred.
l. _r. -4- .—-20
'2,760
*15
69%
S 100
■,/
DaV ton Pow & Lt 4
133J
16?8
*8
/
53%
98%
97%
*13%
7%
3%
*%
73%
8%
34%.
*77
19%
O
3%
878
878
1678
.
34*4
*1)%
*3%
99%
99
I41.1
*33%
7%
1335
18
151
191
33%
-
33,'4
:
73%
8%
157s.
17
*77
*3
j
13%
*1634
878
884
98%
9
16
1634
.
9
9
15
78
1334
1534
34%
*33
'r
33 U
78%
*77
t
13'S
9'4
33%
i
' "
*15%
20
*1018
1
7%
3%
7%
3%
*i,
3;
*10%
105%
J
Beneficial Indus Li>an2)4s
5% preferred. —.—25
Davison Chemical Co (The). 1
11
105%
J
Jan
80:
■
■;
12%M jy 2
6%Miy 7
21
M$Jr 15
A.-—f-I
_
105J4
D
Jiih
i 10 / Dec
2
Jan 27
9
434:
80
300
J
J
Deo
Dec
4-%
j,
113% Jan 14
7
Feb 18
Conv
26
10%
*10%
7%
3%
3%
[ *25%
26
40%
02%
100
"26
J
r
Dec
-10%
Mac 17
79%
Mar 14
'»» Jan
•
2,100
34
13
105
19 -14
Atla-itlc Coast 1st cons 4s July 1952
General unified 4)^8-A.—.i-1964
10-year coll'tr 5s— ..May 1 1945
L & N coll gold 4»
.'.Oct 1952
Atlantic & Dan 1st g 4s...._-1948
Second mortgage 4s -v;
19 48
Atl Gulf A Wd SS coll tr 5s.-1959
Atlantic Refining deb 3s
.'.1953
Jan
52%'
a:54
/88'/ Dee
88% Jan 15
36
Jan'3
Jan 16
13
(The)—.No par
Preferred-.:--——U-No par
Prter preferredNo par
Gurtlss-Wright.
—V
Deeca Records
103% 107
41
105%
J
182%
47g
:
Dec
M2% Apr
170
Mar
2% De
lOec
U78 Jan 20
,
5
90-
Curtis Pub Co
20
87/103
3
40
105%
-.1916
A^...l944
;
56%, Sept
"
19% Feb
77% Mar 20
26%May 13
6;7
Apr 45
10% Jan
.
Jan -6
9578 Jan 5
1478 Jan 12
9
.
Dec
28%
9
14
i
Mar27
10
-
174> Jan 24 ^
3% Jan • 5
Feb 11
8
32
9%
48 / .Dec
Jan 26
55% Jan
1
5% May
'15%,-Apr
.
(12%
I198'
300
11
95%
104%
101
i
'* ■'
*
AtL A Chad A L 1st 4^8
Jan
3
'
't
1st g 5s
Atl Knox A; Nor
Nov
'33%
2
12% Jan
ly
! 27%
,
48-,..i.-l095
1
"-4%
Feb
1978
2%May
13ss Apr 8
10% Apr 17
8.9%, Apr v9
15%M
Dee
17%
Jan " 7
12% Jan- 5
51% Jan 30
25% Apr 24
120
Feb
*2%
Jan 16
15% Jan 7
98
Jail 26
3,400
109%
103% 105
! 69 '
Rocky Mtn Div 1st 4s...11966 J J
Trana-Con Short L 1st 4a--.1958 ,/ J
Cal-Arlz 1st & ref AHs A....1902 M S
■I
457j Sept
Jan
35%
3% Jail 16
Feb
Davega Stores
91%
104%
38%
92;
Conv gold 4s of 1910...;...1960 J D
Jan
24-
Mar 43
i
10'. Sept
Feb
Dec
3
*2%
3
-
*25%
11
*10%
13
*278
,
•
25%
7%
3%
*%
.3
17% *14% 171
*14%
17%
97s.
*9%
9%
9%
9%
9%
104
104% *104% 105'.
4*104% 105% !
5%
5%
5%
5%
5%.
5%
19%
10%
19% 1978
19% 10%
9%
*4%
26
7%
*2%
*14%
I710
*101% 103
■
208
3!8
1,
3
*2%
*14%
I71,
♦lOLs 105?
5ig
*)5 2
•;
,3
*>'12
9J4
*104% 103
:
*278
,
17%
106
107%
Fe—•
2 H a debe utures.
*2U
101%
105% 108%
105% 103%
*99%
General
D
i'*U'8
*104-
Adjustment gold 4s—..■.—1995 Nov
Stamped 4s,.
1995 MN
Conv gold 4s of 1909. ....—1955 J D
Conv 4s of 1905-...
1955 J D
Jan
'40%
'•21%, Dec
'-8
1
:
Jun
10934, Nov
Jan
-
Jan 20
42
42% Apr 47
' Apr 17
"
1,100
107%
107 H
debet) tures.)....^...... 1901
debentures.
..—>..1966 J
Jan
18% July
-5% Aug:
2% -.Dec
79:
'
41'%
Cushman's Sons Inc
13
106%
......1956 M S
O
a
>
Dec
11:
.
13% Jan-14
95
*51%
*1'3%
*51%
106%
D
106%
107}
41
A
Atchison Topeka A Santa
1% July
108%
83
Class
93
13
'107
-J
J
1st
Jan
Dec
•
Jan 15
.
J 59
-
93
;
3,700
67
96
J
A
.
Feb
*
14,000
10 5%
F
IDs
!9%Miy7.6
800
6%
21%
101% 104%
108%
64%
101%
Armour A Co. (Del) 4s
Jan,
■>
%.. Feb
278
'
,
Mar 26
74% Jan" 2
30
141.>
13%
"l¥
*35%
-■
-
13%
"2,ioo
%
6%
-
200
•
107%
05)4
"39)4
11
July
3% Jan
*-0i2 May
9% Nov
7% July
30 t July
7%: Dec
1
100
preferred
ctmv
50
r24
107%
♦Anglo-Chilean Nitrate deb.,—1967 Jan
tAnn Arbor 1st g 4&—1995 Q J
Ark A Mem Br A Term 5s.
1964 M 8
23%,
107%
7 1% Dec
a*. Dec1
—30
Cuneo Press Enc
—-1-5
AH.% preferred.KM)
5 H%
260
S
M 8
Jan
(
Dec
27%
8%, Apr 29
Cudahy Packing Co
300
93
13%
-
6%
21%
95-
J'L,
13%
13
•
15%
-
%
*13%
14t
-
V',
10
*9%
9i«
•634
*51%
2
9-%
-
High
102% 104 •105% 108%
59%
69%
95%
5)^s..l949
Corp oonv
3s conv deb
Jen
8% July
Dec
%
8
Jan
3V
Apr 29
45
1
200
78%
78%
78%
13%
*35%
13
*
916
6%
21
95
*51%
13%
1
*71
3 %s
;
*30
"16
»16
78%
-
23'
15% Apr29)
par
Cuban-American Sugar—100
i Preferred..-..-—100
70
Low
171
104
American Telep & Teleg—
l7g. July
97%
103
Deo
a:82
7
2
2%Miy
: Apr
'
11%
.
Jan 16
8%,Jan 13
5% Mar 26
-
•V
17
5% conv preferred.-100
CubaRtt6% preferred..-100
300
490
12%
140
'•
May
'
2
30% Ap 2 1
&SeaL-:/-No par
$2.25 conv pref W W.-No par
Crown Zellerbach Corp. ..--5
$5 conv preferredN > par
Crucible Steel of Amer.No par
1,600
27
*85
Jan
Miy
-
Crown Cork
30
•9
7'4 Mar 13
(The) .2
(The).X-No
Crosley Corp
"2",200
10%
68
12%
Cream of Wheat Corp
1,600
7.9
27
12%
Crane
37
*35
10%
*77%
*26%
5%
5?s
130
*128
200
300
15
*55
.
Crane
-.-1
Cji./.-I--------25
Co 5% conv pref.-.100
400
6%
*6%
-
I /
13%
*13%
37
*35
80
1,900
90
*1'3%
13%
*6%
11
It.
M
Jan
478; Dec
.
6% Jan 29
21%
-—- -
Coty Internat Corp
67%
15%
13%)
J'
100
27
IU4
132
10%
13%
%
*%
67%
22%
*35%
1
%
-
®i« Jan
96% Jan 15
12 I F?b. 17
113J2 Jan 3
i 2% Apr29 *< 3% Jan 15
75%May 8 103% Jan 2>
Coty Inc.
23%
578
-
90
3
97% Feb
I Jan 21
.
-
.
-
2% Jan 30
82
Corn
-
DeO
9
4% Jan
Corn Etch Bank Trust
20
.77;:
1% Jan
6%
Co..20
Products:Refinlng...:25
Preferred.
^
-110
500
2,000
Apr
22
5% series.-.--50
Conv pref
Feb 24
4%May 13
1
Continental Steele rrp.No par
Gopperweld Steel
'
303
63%
130
:
America-35
2?s
-27ft-.
-
2734
*3%
1
•; too
168
-
12 '■
78*4
*90
14
278
*39
10%
10%
*78
6%
*
163
179
*i*>
33
*33
1214
*13%
1
j
23%
44%
68
9%
*16
28%
-44%
27%
*14%
93
9I»
50
23
9%
•
9%
15
9%
15
*45
70
2734
*39
,
;
200
1434
*11%.
10»4
*79
5%
6
5%
*123
130
134
*/3
£
37
10%
79%
70
11%
11
!
*35
10%
74%
*35
27%'
27%
*63i4
|
33
1'0%
<
100
9
6%
*3%
79%|
,34
19%
16
*8%
*2%
:
13%
6%
20'
■
94
-
90,1.
*3%
2,200
2,900
3,800
27S
20%
M N
1949
4
Dec
89
.
No.
High
103%
18% Aug
23% Dec
15% Jan
Dec
%May 7
7 1 Apr 14
Continental
900
7%
34%
7%
278
v
25
78
Canine..——:20
Continental Diamond Flbre.5
Continental [psurarice.—$2:50
Continental Mrtors.1
Continental OH of Del - — -; -5
4,030
*15%
10%
*1334
23
28%
43%
'163
11-
*37
23
A
30%
Dee
,
2% Nov
:13U Dec
7% Jan 14
14
Feb
4
8%- preferred..———100
-
•
1
Type Founders conv dete—1950 I J
Am Wat Wk8;& Elec 6s ser A.. 1975 MN
Anaconda Cop Mtn deb 4t£s__19lJ0 A O
*'
18%
Mar
6
11% Apr 2 5
Continental Bak Cp--.No par
50
-
43%
%
n'2
Cont'd ier Corp of
900
83
34%
Apr 20 !
$4.59 pfNo par
200
800
•*74
U
65% July
Dec
! 9%
434May
'
We
2%
8%
-
*27%
.
1334
1314
6%
*3 5
44
91
*33
6%
i *79
28%
44
*is«
,
*45
23
:
!
50
*45%
8%
:83
preferred..—,100
Consumers Pow
20
Since
Jan. I'
-
ajc
''
85%
-
2%
Low
Range
Asked
&
(Con.}
,/
,
F
Jan-
»i*
l8i Dec
11% Feb 28
21 %
Apr 25
■
5%-conv
1
•
7%' Dec
'
39%
23% Jaa 0
3% Jan* 7
16% Jan 13
May 12
75
6% pf-10^
Co...—2£
Consol KR of Cuba
Consolidation Coal
'
110'.
Dec
,
8
6
97$ Feb 16
Consolidated 0itCprp-.No par
100
20%
J7-
,.19%
*15%
-
'*
23%
*34%
1278
7%
34%
2%
278
'
*188
175
*155% 169
*2%
278
2%
'2%
2 >8
2-s
20%
16
I6I4
9%
7%
337s
:
4%
4%
700
15,400
1.1O0
1,000-
llaj. Jan
44% Jan
"
12% Apr 2 2
15% May 13
Consol E Hson of N
""100
7%
*7
22%
3*38
i
'
..22
7%
47
; a
83
24%
23
*74
3's
47
44
83
*74
2478
2%
i
8.
2
,17% 'Apr 29
>2
Corp.:-.5
Y--No par
$5preferred.j—-.--No par
Consol Film Industries...t—1
$2 p artio preferred—No pa■>
Consol Laundries Cirp..——5
1,500
11,100
100
103% Mac -7
9% Jan 10
...
Am Internat
Get
Jan
377s
19% Dec
,
C
Amer I G Chem conv 5)^8
oct
Mar
104%
.-
debs..1951
Allls-Chaliners Mfg conv 4$
1952
Am & Foreign Pow deb 5s.:w.20S0
*
7
Consol Coppermlnes
1,100
178
4%
*25
83 %
12 7«
2%
83%
-
*1%
4%
26%
'*12%
12%
2%
*2%
34%
20 78
*16512 160
164
83
*74
7%
*4%
*25
80.
12%
.*%
*7-%
:
17«
4%
7%
478
4%
478
28
*34
12%
2%
8
•
*1%
>
7%
7%
26
86
2%
2034
*15%
*378
*15%.
23%
44%
,*163
2l2
*2%
*74%
2%
5
*4i2
28%
3,
.*,%
17„
4%
478
'
""
*26
478
12 >8
83
4%
85%
*7-
1®4
12%
85
12%
•
5
Feb
Dei
96:
Bid
Pnce
1
.»■
-
Allied Stores Corp 4)^8
28%- Aug
.31.
16%; DOC
:
Friday's
Am
—1
No par
7% preferred
190
6%%,prior preferred..-100
20
25
778
;
.211/* Apr
5
Feb 26
107
24% Apr 2 5
Consolidated Clgat
89
■
8
*7
7%
7%
28%
*7.6
7.%
*4l»
47S
*26
83
83
!
5
28%
*12%
2%
!
2
478
34
4%
•
12%
85i.i
7%
*17g
7%
7's
*4%
7'4
7%
4 >8
*26
4%
12%
85%
34
5
'
478
12%
85i.t
2
*1?8
5
*434
123.,
86
*%
81.1
*7h
*1%
12%
*85%
34
*'s
Jan.
;
Consol Aircraft Corp..-..
l',O00
"
478
127«
4878 -Feb
Inc.No par
Congoleum Nairn
5,700',
16
10%
21
2
100%, Mar 17
1 7% May 12
Inc...No par
Conde NastPub
390
8
91% Apr 29
20% Jan 2
Commonwealth Edison Ca.25
1378
2%
13%
2%
*1%
13
13% ;
1578
1378 i
10%
10%
*76
89
89%
88%
#1%
3,100
29%
13%
18%
•
2io !'
100
2
Jan
16%
•5
A
July
83
\
4% May
034Mar 21
Marl 9
5% Jan
24 V Jan
,
.---10
4%% conv preferred—-100
Comm'l Invest Trust.-No par
$4,25 conv pf ser '35.No par
Commercial Solvents.-No par
Commonw'lth & Sou.-No par
$6 preferred series
No par
64'/ Dec
Jan 29
72
Range or
Sale
Highest
i
$ per share 9 per share.
share-i
$ per
.
$2.75 conv preferred-No par
"5", "100
7a
'
29
23%
'
*1 %
163
io
3i«
3i#
'
13%
2
*13
'
73a
3i«
29
Lornst
Highest
$ per share
51
Mar 16
Par
'
Commercial Credit
*91%
,
2834
•■..'/'•• '-.!
1
Columbia Pictures—,-.No par
too
3,200
13
13.
•
Columbian Carbon Co.No par
300
257s
i
97
*41%
r io
16 >2
13%
177«
97
'.
200
63%
6%
257s
-6%
27%
*5%
'
63%
*5%.
67%
97
1
24
24
24
24
24%
24%
2414,
24%
100% 100% *100% 102
*100% 102
*1Q0% 102
7%
7%
7%
71
7%
7%
7%
7%
18%
13 >2
1854
*12%
97
»]
*13
share
per
*62
6%
28l2
18%
*20
*2
*8%
' 21,1
*2
578
27%
18%
30
*29%
29i2
$
68
578
I8I4
*91%
24%
3ll
316
*02
*25%.
*100% 102
*100>1 102
7%
7%
7%
7«2
29%
65
15 v
Railroad 5t Indus. Cos.
1
66%
*534
63'2
*60t2
1
t
Week's
Last
:
•
BONDSY.: STOCK EXCHANGE
,
N.
,
-'-'/ Week Ended May
Week
May 13
\ l,Year (1941);'
On Basts of 100-Share Lots
STOCK
% EXCHANGE
Thursday
Tuesday
May 12
Range for Previous
Range Since Jan. 1
STOCKS
t
NEW YORK
\
Consolidated 5s...—^.—.^.1055 § J
10
(Bush Term Bldgs 5s gu_.
r<
7 %•
7%
7% -'40
■
•: 0%
*5%
5%
/5%
80
""2
60 %-62
11
53
iM
7
8%
7%f
70
70
80
81%*' 81 %
81
•:
63%)
v
8
%:,
May
c
1
"..-
T
1/
l19%
278
1934
*20%
2?8 ;
116% 117
,,*170% 172
27'i
27
*13
1334
■I
3%
119
119
20
*13%
27%
13%
24%
24%
j
2434
24-34
11%
%
*7S
11%
•
11%
lli2
*20%
22%
■ *7s
*2034
*18%
*23 34
*20%
19
*17%
30
20
29
22
*20%
22
*40%
42
*40%
41
.
1
,
♦
.'
%
1%
2
^
11%
>
11%
11%,
11%
%,
*/«
21%
*17
19
20%
*13%
1
*%
T
20%
11%
181
I
21%
1
*19%
*17
10
2,000
700
*
100
18
*17
-
*2912
•
;
30
*20
21
401
*100% 110■
*42
47%
*42
1%
43%
*42
43'
*42
AT,
*42
*45
51
*45
51
*43
51
*44
51
*44
*43%
50-
50
50
*50'9
53
%
*3i«
578
5%
,578
5%
5%
5%
33
*37V 33
*25
*25
74%
*2%
2%
4%
4%
'22%
22
58
-*%
53
f *50
%
».
5%
5
33
5%
37%
*25/
*2%
74%
2%
4%
4%
*2%
4%
2234
■
*3i«
5*»j
37%
74%
2%
*59%
%
5%
l«.
534
22-34
22%
*l532
%
*%6
434
„
478.
37%
*66
53
%
5%
5
37%
70
-*1%
1%
50% " 53
% Jan
'
17% Apr
4
478.
37%
*65
2
2%
♦17a.
4%
4%
*4%
22%
22%
22%
2^
%
*'1S,
5g
*%
1%
s. ,v 10
900
%
5%
5%
5
38
2i4
4%
22
%
478
*65
2
"X266
12,300
1,000
"""360
*4%
4%
"500
21%
21%
1,300
200
%
l9% Apiv24
120%
163::
,27/
%
'
3%, Jam 5
Service.--_i J H'4- Apr 17
preferred:—.;--No par
40 Apr2.8 I 66 - Jan 30
1 73 * Jan
5
46%, Ape30
47%- Apr 25j; 83 - Jan 17
% Jan 5
EqultabldOffioe Bldg. .No par "
hr Feb 21'
tErie RR common.—.No par ;
5
Apr 45 *:7 7%; Jan-20
6% Mar 10
Ctfsof beneflnt-No par
'378 Jaa 2
4t-,JUn27
8% pref serl88.A...—-LOU
32% Jan 2
'
Eureka Vacuum
Go
.—50%.;.
Cleaner.—5
1% J do 2
-—5
,4%> Apr24
.
Ex-Cell-0 Corp^.._:.—
3
Exchange Buffet Corp—$2:50
2t%May 15(
lJ»r Jdn23
"2% Mar
1
2,0
473 2 Sept
o«r
30%. F«b
"
iia:-
-
O
111%
Guaranteed gold 5s.....Oct 1969 A
Guaranteed gold 5s. —. .,—1070 K
|
4%s..
Guaranteed gold 4%8—-
1956
F
A^{ 107,
Canadian Northern deb
6%8...lOlSs
J
J
perpet...i;
J
J
ICan Pac Ry A% deb stk
1
Coll trust 4%s—.„—1946 M S
ctfa.——1944 J:
J.
... — —.1954
Collateral trust 4%s:.l—_ L. 1960 J
D
J
7
*
10
Dec
:■' •
75:
Feb
3 %
,1% Dec
834
4.-Dec
21%
': % M ar 31
Dec
De<
i Aug
7 V Aug
42%. Nov'
75
Feb
30% Dec
...
Ohio 4s
J
,
..
Jan
Jan"
Jan
.>«%. Jaa
30%
Klelotex Corp deb 4%s w w.—19417 J
D
J
21%
21%
6%
*74;
*20%
*8%
6%
77%
20%!
8%'*
30%
21%
*6%
74%
20%
74U
8%
7
20%
8%
30
21%
-
30
21%
*6%
74%
20%
74%
20%
*8%
8%,
For footnotes-see page 1904.
7
*23%
21
*3%
*74
30
*28
2378
21%
*20%
21"
6?8
*8%
70
20%
20%
z73%
*20%
*3%
83^
*3%
r
7412
2078
8S4J
29%
29%
300
*20%
21%
1,200
'*6-%
IOO
*72%
20"7s
7
76
27%
609
8%
8-''8
200
no
27?8 Apr 28
Fajardo Sug Co-of Pr Rico.*20
20% Apr 17
Federal Ught 4 Traction...15
i 6% Apr 21
$6 preferred..'..—--No par *73%May 44/
Federal Mia 4 Smelt Co....2
20 -Apr 181
Federal-Mogul Corp
—5
8
Apr 15;
37% Jan 16
21% Jan 2)
Fairbanks Morse & Co.No par
8% Ja«i 5
193
Jan 31
1
24% Jan 16
10% Feb. IO
32 « Dec
-16% June
.6% Dec
>-
90'
196
May
Dec
83i.Dec
"H
85
107%
104% 108%
107 % 112 /
":*3
-
111%
108 »y 111%
105
.
106%
111
111
109%
103 74
107%"
103% 107%
11
69
97
-
96%
F
45% Jan
24?» Mar
13
Mar
100
:
Jan
1-
—.
,
i
98%
95
95
-
....
4s registered
2684. July
14V Jan
For footnotes see page 1905.
1087
1987"
*160
'
16
16%.
6
1
"v5%
-
30%
'*45%
10%.
60%
27
3
12
6
6%
*20
23
*16
3
J
71
18%.i
j"/
18%
%|
17
.
Z
18'%.
62%,
75
13,%
31
14
21
19%
12%.
-I
•
I 107
23
io
19
16
17
107
*
7%
8:
63
73
71
f *14
..
20
-
U
—_
111% 112%,
10
1962'A 0
•
15%.
18."
L
HIVA
J
97
62
17%
5%
5% "
93 %
24%
28'
58 %
*55
55
*97% 100%
96 %
'
102%
42%
•
!
•
"
98%
,*21%
5s registered.....—1987
♦General 4s
-29
51
98%
71
89% .-97 .105%
'81% 80
103
25
100% H 1-3
100%
_
ICentral N Y Power 3%s..—
',62
-
/
1951 J D
♦Mobile Div 1st g 5s-—1946 jZ .* J
♦Chatt DLv pur rnoney g 4s.
56
,!»
77
85%
84% ,'
.5
58%
•58% ; 59 ^'47
106% 103 v 107% / 3
,84%
>'58%
107%
L
'
88%
««•%"
£?¥
A
i*ConHolgold'5sv—„—j...1945 MN
*Ref A gen 5 %s series 11.u
1969 A O
♦Ref A gen 5s series C;—.1959 4 0
.
105
105%
11
.97
103%
108%, 112%
/IO
8
70
69%
j
D
/Cent Branch U P fst g 4s.„-.1948
5 UKiantraloC Georgia Ry—
:>
Mst mtge 6s..—..—..Nov 1945
f*C'ent New Engl 1st gu 4s..—1961 J
gen g 5s_.__1987 k
*29%
2L%
12
111%
1905 M S
[♦Central'of N J
30
26
107%
109
80%
•104
MT%
.
1111,
Central Illinois Light 3,%s....l966 A Oi
30
*
*109- •" 100%
107 *
107
1
j
Coll trust gold 5s
/{^Carolina Qsntlet guar 4s.; 1940
;Cart & Adir 1st gu gold 4s.../198)1 F A
t ■'/ '
'
*■i
•Celanese Corp of Ajnerlca 3s..1955 FA
/ •'•:
Dae
2% Dec
106
T
*
106%
J
58 eutilp trust
♦Carriers A Geu Corp 5s w w... 1950 MN
-:--4%
82
> 107%
107%
Il l''
Guar gold 4% a..———.4951 Mr A
Jan
69
Mar, 24'
A
-
-
*107
1955 ,t, :D
Guar gold
5
106%
100%.
F. 82
"107%
*80% Apt
83% July
8»% July
74%,' Dec
*
•'
% Nov
% Jan
•2% -Dec
64% Dec
*.
O
^
J
♦Canadian Nat, gold ,4 %s.—.1957 /
Guaranteed gold 5s_—.July 1900 J ;j
-Carolina Clinch A
11
9% Feb. 24
23%' B'eb
10712 NOV
.
Evans Products Co-—
4%. Jan
3074 n«V.
36%: Nov
34 % Aug
33
July
Feb
>2134 Deo
,
1962
A
103
'
,
Dee.
*
*
{Canada. Sbu cons gu 5s A-"
,173s Jan
/,v Aug
20'r Dec
-
$5)4 preferred-.—1—No par
$6 preferred;.......No par
5% Jan
May : 145%; Sept
Apr 18'2t2i Jtin
136781 Jart
De
Feb ,17% Sept
337aj Jan
De
27%
m
Jan
i
\
-14%
i 17%
>10
Dec
* %■
Jan
-26% Fete 18
39% Apr27 / 40 >Maa 10
Cqrp.—-50
5%- preferred.. - J—; . -100 167% Fete HI IU%'A6rIl
Erie A Pitts RR
70
2
'
Apr 29 1 32% Jan 23
Jan- 2 i 32 •« Mdf. 3
34
May
IV Dec
:
1% Jan
35% Jan 23
t
$5
60
*3i«
37%
Battery—No par
.—3
2
2%
if 24';
Engineers Public
'
%
70
-
15
20*
Natural GaS_
Endicott Johnson-
T' AT
5%
5
37%
*%», ""
5%
1%
Elec Storage
El Paso
100
51
1%
27% Jati/3
I 13% Jan 13
"
Electric Power A Light. No par
$7 preferred—-No par
$6 preferred-'.—No par
100
"
40%
51
*112
.
""200
'
43
*3i«
;
3,200
100
*45
>
i
400
-
29% 29% *29
29% *29% 30:
2t
21
*20% 22*20%.. 21
*4012
*1% *40% 41
*40% 47
110
110
*109% 110'' *10912. HO'
1%
700
\
*
1%
40
;
2:1%
*42*.
,
2,400
*'%»
h
*20
12% Jan
*
141/ Jari 7
170- Mar 28 176"
Janl3i
28%; Ape27'
3178. Jatv 6
13 % Apr 28
15. Jan 21
20%. Jan *Jt i 25% M ay 15
Electric Attto-Ltt»
(^he)-—5 1034 Mar 12
Electric Boat.-....-J
3
113% Jan* 5
:
%s Fe9l« i
% Jan*
ElecA Mas Ind Am shares...
''
11% ,11%
11%
*ui« "
1,
California-Oregon Power 4s—.1966 A O
■:
16% Apr 17
2
108
Apr24
Inc.—
Ul
Mills.——;-5
Eastman Kodatk (N Jl.No par
6% cum preferred
100
Eaton Manufacturing CoJ—4
Edison Bros Stores Ine.v.—2
Eastern Airlines
Eastern Rolling
600
'
*'%«
*20%
%
3,100
2%
78
1%
2b1
*.20% 20%
18% ,197s
2%
2?s
2%
2%
*2-%
113% 118% 115% 11X1,
118
1161
116% 117
172
172
176
*170
*170% 176
*170% 176
*26%
27
26% 26% '*26% 27
26% 26%
13%
13% *13% I31*
13%
13%
13% *13
21
24%. 24%
24%
23% 21
237g 25.*
1
>*100% 1H% ♦103% 111%
*134
20
2%
22%
19%
*"'i«
,
20%
*2%
170% 172
*2634-
■»
,
20%
*234
■
-
'
■
19%
107%
14
13%
107
19%.
11
107%
f' A
.
■
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
■
1899
■M
NEW YORK BOND RECORD
FrUlau.
i
S'V"
.'•<
k
.
BONDS
-
,1
..
-N.: Y. STOCK EXCHANGE
Week Ended May 15
*
'
"i
Bid
■
■
Railroad & Indus. Cos. (Con.)
Cent Pac 1st ref
gu gold 4s... 1949 F
(: uamnteed
g 5s
76
0
69 %
55 M
1900 F
A
S I tleb 4J*s (1938 Issue)... 1950
v
Chesapeake & Ohio Ry—
I
I
'
'
M
I
///
vy
(■
92 M
86%
30
104%
103%
♦103
127
101M
101%
ioi a
101
& Alton RR ref 3s.. 1949 A
Chic Burl & Q—III Dlv 3Ju0Ll949
'
j
V 85
fHH
♦Refunding g 5s series B....1947
♦Refunding 4s series C_.--.1947
51-
series
-4
A
J
>■
■
s
i//-/!3 X» registered
-p.;
69,
72%'
75
80,.:*,
•
25
1
121
63 «
27
61%
♦General 4s
'I'
.
36
45
;
31%'38
J
'15
30
36
1
28%
34
*0611
8
8M
31%
31
8%
"55
8%
9
■
•
■/:
ft
20
i
.
ft
ftftr
70
61%
ft
ft;
...
—
48!^
159
45%
49%
21
174
j
J
49%
48
49%
36
j
48 M
48
,48%
19
38%; 53
47%
ft
ftift
15M
14%.
2%
730
2h '
14%
,*9.7
27%
27»
22%
32
/:
21%
4
*338
"2
*97 f
97 ft
10U2
101% t*98
♦ 105
107
3814
ft'3% ft; 3%
:3'2
,107
107 ' ,.107
.
25%
3%,
3-%
102
.ft .-3%
2%
ft
14
;ft
22
ft 14%
3
:
f
18
18%
9%
321
14%
15%
121
*66-568
*
2%
2-%
7
7%
*72. ft 76
D
76%
1*1634
2'.'
26.
•
18
^
2
67. ft -67
67
*126-9132
V*17s/"ft2f8
52
106 M
J
101M
;
|
4Mb series D..1962 M 8
96 M
56
*
03
3
i
68
*178
-
105% 108%
102
95%
99% 102 %
96%
36
97
43%,
24%
-ft 96%
94
47
24%
67
..
:
2
l7s
1«4"
26%
*109-
99 'ft
99--
69 M
ft48ftvftft;49%
J50%'ft'-51:^
*82
.
Cleveland Elec Ilium 3s..„..
1970^3 ' J
Cleveland A Pittsburgh RR—
:•■
.ft
1
107
'•-■
6
.106% "107 ft
86
85
*89
FA
♦105
..ft
♦i°5
,://f
*35;; ,40
•
*35
— .
ft.
1977
series B——1981 J
:;:0
Cleve Short Line 1st gu 4M8.1961
Cleve Union Term gu- 5Mb—1. 1972
1st s f 5s series B guar.-.-. —1973
ft 1st s f 4 Ms series C-i—*—
-1977
Coal River Ry 1st gu 4s
1946
Colo-Fuel A Iron gen s f 5s.. 1943
1
*58 Income mtge..
1970
J
'.ft
AO
-73%
AO
"81%
O
68%
NO
61%
|
] ".«
;2%- :2'8
>01 Vr,
♦105
A
1102%- 102%
AO
Debenture .58—...Apr 15 1952 4 0
Debenture1961 J J
Columbus A H V 1st ext g 4s. 1948 A 0
Columbus A Sou Ohid El 3Ms 1970 M S
,•
income
deb w w....Apr 1
Commonwealth
83%
81
71%
66%
58%
63%
D
85%
.
-I"
v
102% 103
80% 88 i
15 '
21%
21%
79
88
m
"80%
-
92
85
88
r
;
8
.85
80
83%
r
"j
*109
39
102 %
* 101 %-
A
*110
'VS'
1969 May
"'V
^
-
«**».«*
i
-
;
27
21
73
28%
26%
ft: 28%
Co—ftftv
Edison
.13%
♦34%'
'.'--2ft
2
77 ft
•
*,33J
.2 ■
*74
76i
'
"
-16«4
> 68
'
3Msseries I..;..;.1968 J D
Conv debs 3
Ms——i.;;.—.1958
J
J
107
110%
110%
45
107 ft
107%
25
Conn A Pasump Riv 1st 4s..1943 A
O
J
J
*110
J
J
*109%
F
A
*109%
4Ms.l951
4Ms
1951
f 3Ms A—i—1961
Conn Ry A L 1st A ref
ft
Stamped guar
Conn Rlv Pow
s
*100%
119""
5%%
•
Investors...No
$6 preferred.
609
■•■'}';
.
.
conv deb
...
103
104%
......
3 MS1.—-.1951 J
{♦Consol Ry non-conv deb 4s 1954
J
D|
106%
103%
J
17%
16ft
67%
15%
68 ft
'
■
lll»
76
'
•
88
8M».......———1965 MN
1st mtge
3Ms—......
1st. mtge
3Ms.....1966 MN
3Ms——
....1969 UN
mtge
Crane Co 2M» s f debs....
Crucible 8teel
3Ms
s
1970 MN
—
..1950 A
-
5
103
.'
17 %. Dec
Noy
33ft
Jan
■
1
25%
Apr
7
Jari
35
Dec
9%
105
Dec
Feb
132
Jan
2%
Feb
9
May
32% May
40
Deq
Jap
41
July
Jan 13
5%
Jan 2 1
3%
13!% Feb 21
10% Feb! 7
6% Apr 28
3
41
Apr 29
Mar 19
38ft Jan
3
19
3
Jan
Dec
June
13% Jari
32% Sept
20%
36
18
94% Jan 28
Dec
93ft
r
Dec
par
Jan
23% Juiy
Aug
99
5,599
109
General Electric Co. ..No
27,090
900
104%
103%
105%
103%
;
87
.
•»!#.
;;!nu
434 • 434 i / 4%;
434
6*4
'684-6%
..■*0:«//7% t!*6ft
;1
*6%. ! 67« I"'67s-ftft6% V ?678i. ; 678
•*6ft
*22%; 22*4
2234 • 2384
•2.3%! 3334
•23%■*23'4 2334
2334 - ?6«4L*2.3% 12334 *23%
'17:
+17
1634f>17, V17- >.17
..
♦
-22% J<1""
vft23--ft 23%"/!22%
23
29
i6
■
$ 5§
51*2514 26
ft'll%ft 1 ll®4
•*10'4ft 10%
ft 10:" 10-
*2% * 2%
:*52"t59
:
s *2*v : .2B4
24
xft 2354
-
Gen
108%
108% 109%
2
109%
109%
109%
106% -106% 1106%
16
1...
*108%/HO
99%
"94%
94% ft
100
94%
;
108% 110%
106
107%,
107% 109%
99% 101%
7
"3
92
11
:
V"';,
"'ft'ftft"/*/:■
97
Dec
22
Oct
Dec
130%
Dec
35%
Apr
Jan
5
33ft
Jan 20
112%
%
Feb
Jan
16
Jan:
40%
118
5,
Jan
9
83
Jan
3
lft Jan 15
.
38 •:
Jan
42ft Sept
117% Aug
1% NoV
Jan
101
Nov
91
Sept
78% July
Dec
131% Feb 10
35 ft Mar 25
125
28ft
Jan
2
Apr
10
126
Jan
6
■121%
16% Apr "20
lftMay 18
30
Jan
3
27%
3% Jan
6
*3
par
'670
63
! *U% -13%
*108% in
"
br/.S/]"/9r
i//3%;
"•4%
2
*2
*74
*45
13%
40
*'
215
100
•..600
:// 200
13ft
•
•
132%
48%
127%
Dec
Dec
jt
/j
16ft
16
16ft
67ft
15%
68
68
J5%
>/■; 300
;
10
*77
82
5,500
90S1
15ft
12,900
1
'
*2% U 2 ft
*56
84
2ft
*58
65%
ft
ni*
6 % preferred.. 1.....100
..
24%
$6 preferred..,;.,..No par
Glldden Co (The);....No par
*6ft"/>7%
6ft
23ft
21ft
t
11
Dec
Oct
17ft Sept
Dec
46
Gobei (Adolf)..
,.'.1
Goebel Brewing Co
,,1
Gold A Stock Telegraph Co 100
ft Mar
22%
23%
132,
132
preferred-.-,No
'Jan
"23 "' 23
par
Gotham Hosiery.... ..No par
; 7,000
132
1,309
132
/
Apr
Dec
10
Dec
.
1
700
>3,000
->
500
800
/ 600
10
■
'
/
Preferred-.. ...........100
Bay A West RR-.:.100
Green (H L) CO
Inc.__;.„:i
Greyhound Qorp (The),i\(o par
,"/5%% conv preferred..:.. 10
Grumman Aircraft Corp...'.!
Guantanamo Sugar....No par
8% preferred.,.100
25
3% July
June
68% Nov
Feb
% Dec
3% Dec
6ft Dec
6
Jan 13
Feb
18%
Dec
28% Jan 27
iOft
52
135
Jan 14
;
July
Jan ;28
144% Aug
Dec
Apr
1
42
33% Jan
12ft Feb
11% Mar
3
4
4
29% May
48ft Jan
10%
Hackensack Water....... 25
20
25
29
33
Jan
lift ApP
18% Sept
3% July
6
6
Jan
55
1%
5
10% Jan
10% Feb
106ft Feb
Feb
Dec
54
36ft Sept
14ft Sept
Feb
9
Feb 11
7% preferred class A..:. .25
Dec
1%
13
4 * Jan 24
29ft Jan 24
19ft :20% //;/' 200
/:
Mar
9ft May
10ft June
14ft Jan 6
378 Jan 29
71
Jan 30
Gulf Mobile A Ohio RR No par
$5 pref erred..,..... No par
2
36%
25% Jan
18ft Nov
28«2 Juiy
Dec
25ft Feb27
Apr 2 4
20% Jan
Dec
Mar
12 ft
143
Jan
Jan
Jan
Jari
23
900
i,70p
•
Dec
Jan
1%
6ft
13ft
12ft
-28
17% Apr
10% Apr 25
10
Mar 31
9%May 6
2% May 15
2
2% Apr 17
June
25
parj 21%; Jan ?
Jan
Deo
I
25
31
,
90
59
7
5% Jan 9
7ft Jan 12
8% Jan 14
Mar
22ft Apr 28
130
Apr 21
50%May 4
Jan
Jan
6
May 11
2%May
67
■
Great Western Sugar ,,No par
50
21ft Nov
74ft Oct
20ft Sept
11%
54
1578Mayil
6
Green
.
t
Great Northern pref...No
91
68%May 12
'',6
Apr 25
22%May 4
23% Mar 31
15% Jan 2
23%
Dec
Dec
;17%May,il
".77
Jan
2ft Sept
2
Jan
Jan
Jan
2%
80
-Jan
£58
100
5% preferred..;..,..:, .20
Gr Nor Iron Ore Prop-_No par
Dec
13
10% Jan
60% Jan
lft Jan 20
Granite City Steel;.,..No par
Grant (W T) Co.;.../... .10
23%
n30% 132
2ft Jan 29
82
Feb 13
-
Apr 30
*i»
:
56
Goodrich Co (B F);...No par
5 % j preferred..;
No par
Goodyear Tire A Rubb.No par
$5 qonv
2
74
ft Jan
22ft" 23%
22%
21ft
'
,
»ft» Jan 30
4% Jan
too
9ft Sept
35
1
1,600
Deo
54
74ft
4
Graham-Paige Motors../.
1,900
5
5?s Jail 20
65% Jan 27
De#
14% July
4ft Sept
Feb
p Preferred
,231,1
23ft
16ft
Dec
2% May
34% May
4ft Dec
00
Feb
Mar 17
Granby Consol M S A P... .,5
Grand-Union w diVctfs.No par
16ft
0%
0
15
500
*23%
9
44
7
078
23
23
*23%- 23ft
1.6ft_ 16ft
June
12% Jan
1,100,
too'
Aug
22
112
37ft Jan
conv
3,600
-
24
Dec
Mar
9%May
Apr
48% Jan
May
4ft
-
Dec
13
preferred.....60
50
.
ll!»
> 6ft
6ft
23
23%
•
,10
102 '
4
140% Mar 31
■Z4
Apr 28
,
,
_
•
110
Jan
%
4%
7%
71
3
Jan
Feb 24
Jan
16% Jan 16
May 13
12
Jan
7%
110% Nov
,
7
79% Jan 19
20
108% Jan 3
7% Jan 12
General Tire A Rubber Co.
5
Gillette Safety Razor..No par
$5 conv preferred..,.No par
Glmbel Brothers.....%No par
400
309
'-/..I
-
5
Feb
'
{3% Mar 30
4ft
*6ft
ft
4ft
'
2ft
/;■ 65%
'
0
10
Jari
4ft
13ft
ftj Nov V
% Jan
Dec
16% Jan
98'4 June 106% Jan
ft July
% Nov)
25
Ded
16% Apr
14
Dec'
29% Jan
11% Jan
8% Deo
80% Sept
46% Jan
7.« Jan 20
28%\liy
.
14% Apr 28
SftVlay 1
60
May 18
Jari
£9
.
19% Jan
Mar 11
23
,
......
2%
78
*74
105
Jan
Aug
Mar
48
Dec
Sept
7ft May
•4ft Dec
105% May
'-/• % Jan 3
12 >8 Feb, 5
Feb 24
,
•
par
4%%
16%
*76%
590
public Servicd._.;,..lOc
1278 Jin 10
5ft Jan 31
109%May:13
10ft Mar 11
4% Apr 22
108%May 15
>i« Jan 2
10% Apr 27
101
Apr 23
%Mar 20
General Telephone Corp,..20
Gen Time Instru
Corp.No par
40
67%
76
2,300
51
*2
2%
76
,
3%
45ft
4%
■
*38
"7.
-
-
*4%
*50%
*13%
4%
51
■%n,V
.76
3%
;45ft
*41%
209
700
14%
{4%
*11%
12
.>>230
108% 108% '/;/ so
9 -;/ 9
609
3%
•
General Refractories.. -No par
General Shoe Corp..:....._i
Gen Steel Catst $6 pref. .No
300
63ft
i*8ft
-
Sept
24ft
28ft Jan
30
Ijtailway Signal...No par
6% preferred..1
,100
Gen Realty A
Utilities.,.,_,l
;
$6 pref opt diV series.No par
10.9
,
f
Feb
4% Au<
23ft Deo
Deo
H
IT,
pz
21% ftr- 2078
*31'
• 32 •
,29ft" 29ft
2078
33
>
!•
9I2 ft-ftlSTg •/ 9%
,
31.
!
*19%
31
31
31
*8ft
'*87#/ 9ft
-
20
.
■
9ft
*8-74' t 9" i *8ft •• 9% : *8ft
9
99 "'99
!*98
99
*98/ • 99
100 "101,
;:*981210O:
*98% :103 ft ;*98%: 100
?99% 99%
>*1314/1334 ftll%
13% ; 13%
13%
13 V 13%
*13%.' 13%
,*128; ;12§- {128 ;> 129
128 ;; 128
*12Sft,:/129' *12& .129
334 .' ;334
; *3ft
; : *3%
3%
3%
4
*3ft '4
*85 ft: 88;
*85
; 83 ft/;. 881
*85
90
*85
90
6%
*5%
6ft
ft *6% ji/0% ..*6 ftv 6% .*5% /: 6% >; *5ft
-..
*834/ .'OU -ft 83* / ,'834
,>■9898
*98 i 99
*
*31
.
*87#
: a.
32
70
Hall Printing Co.....
.9%
0
—300
♦98%: 99
20
■
.
*98
100
30
May 5
April
SftMar 16
8ft May 11
.10
Hamilton Watch Co...No par
6% preferred
100
95
Mar 11
Apr 20
104
Harbison-Walk Refrao.No par
12% Apr29
6 % preferred
100 £126
Apr 2
Hat Corp of Amer class A. .1
3% Mar 7
146
Jan 29
83
Hanna (M A) Co $5 pf.No
98
par
'I
90
t*5%
20
"
4%
♦3ft
*85
1,200
13%
130
300
6%% preferred.)......
Industries Inc.
20
',
Hayd
6ft
.
..
80
100
*19'
'.*6% "
Z14I4 ft 14%
-ft. *1)3
*113
:
•
834
C*2%
31
—-
;.3i,,, 31 :
*94
*2ft
*30%
.
*94%
'
98:
2%
238
■.■31%|■,"*38
r-
31
>
-
For footnotes see page 1904.
,„»*■,
♦113
28 '
' 34:
-,8ft ;5 !8»4 / *8% :834
30781/3.1
.884
96ft
234
*94
...
ft
----- *113
"27ft
a.*ifc-e/.V i*. ■•..*♦ s *
■27:
34
8% 'A 8%
30ft
*94%
2ft
-30
.14
31:
96
2ft
30
19%
*6%
*13ft
*113
27
27%
I •32ft;,34
8ft
*12ft
*10%
19 ft
.7
*113
] 27ft /
*32ft
I
13%
*10ft.,.13%
19ft ft 20
19%, 19ft
19%
*6%.
6% ft! 6% : *6%
7
: * 13ft
*14
J4% ;■ 14/14
v;
277g i, 2734
?3% >33% ,*32ft.
273s • 2784
32 ft 32%
ft/. 31%; '31%
x
19%
7.
14%
*12ft
*12ft
13%
*11%. 13%
8
Hayes Mfg Corp.;..
Hazel-Atlas Glass Co.
1
.....2
Hecker Products Corp;—r
27ft
*32ft
r
13%
19 ft
7
.1
Helme (G W)...
.;.ioo
15
Jan
,
Jan
102
Dec
108
100
Dec
106ft
Jan
Dec
25%
Jan
$4 conv preferred...: No
l",300
,100
300
Holly Sugar Corp....-No par
7% preferred-.........100
Homestake Mining.....12.50
34
300
140
2
V Jan
3%
July
Dec
49ft Feb
6ft Jan
Dec
101
1% Dec
76,, June
96
92
May 12
178 Jan 6
93% Jan 19
6ft Feb 19
4
57
5
Feb
Feb 28
51
125
Apr 27
9
Feb
30% Mar
79
5
Mar 13
11
6
14
Apr
2
6
6
Jan
3
8% Jan
2
Feb 20
38% Feb
5
96
Jan
July
12% Dec
12% Dec
13 ft
Dec
5ft
Dec
9
18ft Jan 30
115
Jan
Sept
168
10ft Apr
65% Dec
£123% May
33% Dec
99% June
6ft Feb 16
111% Feb 27
22% Mar 21
27
Jan
2
Mar 21
Jan
72
129% Apr 7
40ft Jan 5
102% Jan 12
3%
8ft Sept
Dec
150
13% Jan 5
13 ft Jan 9
20
May 12
12%Mar 11
14% Jan
12 ft Feb 24
Dec
501# Dec
Feb 11
158
Houdaille-Hershey cl A .No par
Feb
16ft Jan
80% July
132%
56ft
Oct
Jan
115
Jan
10% Sept
18ft Aug
30ft Jan
9% July
16ft Aug
Oct
£107% Apr
30% Dec
115
52ft
Jan
Dec
39
Jan
13ft
Jan
64
Jan
Jan 29
21
10ft Jan 29
Jan 20
30
Dec
Jan 26
100
Aug
34
"
8ft
30%
*95
"
1,000
1,000.
'
Class B—
.„.~No par
30% Apr 23
Household Finance....No par
96
5% preferred..,--.-"--.100
""soO
31
4% Feb
9
Hollander & Sons (A)...;...5
"
12ft
Jan 10
May 14
10% Apr 28
par
3,900
8%
2%
*2ft
30 » *29ft
6% cum preferred.. ...100
Hershey Chocolate.... No par
16ft Jan 19
?
May
45
.
28
*30ft
29ft
Mar
16ft
7
141% Apr
....25
Preferred..........
Hercules Motors,.% ., No par
Hercules Powder,.;.., No par
14
w;',
*94%
2%
Jan
38
8% Dec
8ft Dec
7% Apr 21
79% Apr24
4%May 2
25
Hlnde & Dauch Paper Co... 10
Hires Co (C E) The.—....1
Holland Furnace (Del)../.. 10
13%
*30ft. 31
96
33
Feb
33
Jan 17
8
6%May
.1 /
■
■
*
23ft Dec
'
13%
*120
.
*30%
94%
15ft
Feb
122.
Gen
16%
,
9%
*48 / 51
*48
52
1-55; ]*48'ftsft55f' 348.% 55
r 23 - > 26'.
'26%- 26% £26%' 27 i*26ft 27% *27% .27%
Ml%/,llk ft(AA%:ftJift 1 11% -lift lift lift /lift lift
:•
40%/10% ;,/10%-;50%
10ft.-10ft
*10%
10ft "10ft 10ft
9ftr 10% ! '9%
9ft
9% -9%
^97»->{0% ,/- iO.'} ftio \
y 2ft /-:2%
*2ft2%
2ft,. 2ft
" 2%" 2%
*54 %
58
56% *55'
55
}*§6/ft 59., *57*-i"59 ".65
2ft • .;2% ft', 2ft
-2%
2'4
2%
2%~"2%
2%: 2%
/ 23ft2334 ft* 23%
23 ft
23% ♦23:
-23
23
23-T 23
ft: *20%/ 21% i*20i2
ft*32 ft 3$
31
>
*87#
9% ft *87g
*14
107
8
107%
'.'I
Jan
Jan
6%
Doc
.•//:/
/*19%' 193s
*6'4; / 7
109%
Mar
73%
Jan 16
127
10
Jan
July
5
6ft
102
Apr
Jan
7%
■2 .'■/■• Dec
4
Ma?
55
144
2% Dec
Jan 28
20
Sept
Dec
115
9ft Jan 14
6478 Apr 2 9
$6 preferred.../....No par
28% /,,- 200
16%
*48
:
109
3
Oct
5ft
104
39% Dec
3% Deo
Jan 20
Mar 26
61
General Printing Ink"..
io
300
-
U,j
9M
*27 *
■
9%
61ft
.
71«
•23.I
*i234 13%
12^4 '-13%
ft* 11 ft" 13% ft* 11: V-13% •*U%ft 13i2
88
Apr
June
Mar
8
•:
'■%/> -50'
.
il6ft; A6ft
.
*1234 .1314
."31%
::
4
Jan 16
00% Feb
5% Mac
Dec
101
5
Jan
116
122
par
0 Gen
1,100
»
-ft#
8ls
*11%
12
*100% 103
1182
i6
*8ft
Z 61ft
'
59% !*59%
13% !
13%
*34%
40
'
400
109ft
•
33%
53ft Mny
3ft Jan 15
Apr 29
'
34
12% July
Jan
4%
'
par
Precision Eqlp CrpNo
Apr
Dec
111% Apr 29
ft "VI ay 13
General Motors Corp,...;..10
$5 preferred.. „.....No par
Gen-Outdoor Adv A ...No
Common.... ,.,..._No
6
46ft Feb 16
16ft Apr 25
.No par
Sept
8ft
47%
119
2% Apr 16
6's Apr 15
May 8
5% preferred—J00
Nov
23
2%
104
£23ft Apr 24
General Mills..
2ft Sept
Dec
15
12
7ft Apr 1
10% Feb 20
Jan 22
5% Jan 15
21% Apr 28
130
2% June
Apr
Apr
5
52 %
Feb 10
General Foods
Co^p...No par
$4.80 preferred..,. .No par
Jan 20
3ft Jan
Apr 17
120
Jan
•
21
*
par
289
"l'loo
7%
75
Gen Gas A Electric A ..No
par
$6 conv pref serlesA.No par
1,200
1%
3
Feb 13
3
cum
609
■
lft Dec
3
3ft Jan 2
Apr 28
preferred......100
General Cigar Inc.....No par
7% preferred......,.;. 100
59
37,900
2
2ft Jan
11
3ft Apr 2 5
98
Mar 11
.No par
General Cable Corp. ..No par
Z Class
A..;
No par
100
.19,800
,/: 2ft Feb
6ft Apr 22
8% Apr 17
Corp.......5
7%
.
-
Dec
Dec
51
.
"
1
*1'4 / 1%
1%
1% '1 1%
1%
vi%:.fti% / 1%
>1% 1% : 2,20
*
:/8a% '♦80 / 81% / 8.0% ' 80% *77%.'81
78% 81
*78% 8% i :>•• 10
4% ' 4% l--4%-;ft-4% ;-'"4% ft: 4%
'. 4% ■■;•' 4%
4%
4% -.4%
4ft
2,200
*45 ft 50.
: 50
*47.
50 .- ; *47- 52
200
50% *47/'. 59%
59% 59%
♦
*145
160
♦145;
160
*147
*147 ■ 160
*147
160
160
147/160
*11 >' 11%
*10% 11%
10ft-. 10ft
10%
10% *10%
11% ♦10ft 11% s~m
;
*: .6657
57 / 57.
*5.7%
53%
§7ft 58
53%
53ft
55ft" 57
-.2,100
*128% 135; *128% 135
*128% 135' ♦128% ,135
*128% .135
*128% 135
33
*32
*32% 34;
33»
32%:. 32% *32
"""200
33%
33"4
*32,;V 33
*83 1 85
83 / 83
*83J 34% *82% 83«4 / 83ft 83ft
*83
84
200
107%
107%
0
f debs..1955 3D
For footnotes see page 1905.
21ft Feb
100
2,99
**80
•
1stmtge3 Ms..............1967 MN
1st
Dec
16%
6
May
$8 preferred...;....No par
General Bronze
409
2%
ft.; j;/-.-
-/ S4
■
1st mtge
8ft Dec
98
15
Jan
Jari
Jam
42% Jan
16% July
9
36
70
24
4ft
16
*27 -/
:
*2%- 'ft2ft
*56 ft 65%
*4%.;,
:
103%
104%
104%
106%
103%
-
*31%'
31%
Consolidation Coals 15s......1960
"■
31ft May
■
NoV
21
1
iio"
33
>, .♦Debenture 48:—^————1955
♦Debenture 4s.........
1956
Consumers Power Co— i
96 % Jan
20
13
18%
105
24
Gen Araer
Transportation...5
General Baking..;.../..4..5
309
•
-
O
3Ms debentures..-—...... 1948 A O
3 Ms debentures
1956 A O
3Ms 'debentures
1958 J J
Consol Oil
Dee
Mar 19
11% Jan 3)
2ftMay
conv preferred..:..50
Gen Amer
1,109
•
Consol Edison of New York—
A
Dec
39% Feb 3
117s Apr' 6
Jan 2.
May 14
Mar 27
,1ft Jan 6
lft Apr 18
8'8 Apr 4
10 May 8
•
3Ms debentures--.--i--—.1946
Apr 30
15% Apr 21
85% Apr 10
5%! preferred...... .....io
Gaylord Container Corp....6
100
12
4ft
-
1st mtge
ft
/
124
109% *108
■
XC
16%
68
15%
*74
,ftl5ft/15ft
,
.
ft/ft/', i
F
77
ft
102
100 *"167 k
107%
107%
i
U
82
♦80%
20%
85%
21
ft
To! 1st ext 4s.. 1955
♦Commercial Maekay-Corp—- ;• ft
73%
75%
66 %
,
J
♦Colo A South 4Mb series A..1980 AfN
Columbia G A E deb 5s.May 1952 -UN
Columbus A
12ft
90
Feb! 7
36 ft
27
Gar Wood Industries
Ino....l
"
'*48
73%
F
•
17 "
1678
1714
'69% f68ftft 70'
14'8
15%
15%
ft 76.'ft]'77.
*75's; 7
1-
■8i%; 82%
70
13%
40
;
ft-23ii:'23t4 ft 2278 /• 23% .-*23 ftf -23%
ft* 130 \i 33
*130 f 133ft *130% 133
107%
'68%
*13%
*75% ft 73j
2%'
2% {
238
'2% ft *2%" r 21!2
ft*56 -ft:65% ft 50 f- 59
*53,ft"/65%
74X
J-iv.
A
16ft Feb! 7
91
Jan 3
Apr 27
40. Mar
pf.100
-70
:
lft
'
14%
■50%
*"32
..
1434
35, 104% 108%
ft 108>-
%
*14
*50%; 51
~
'13% '13%
*68
t
r-'
Geo A ref 4Mb
Simon&Colnc7%
2,099
♦lift
2
lift
434
*®31
'
■12
16%
K
VftVftv.
r
:
v
1
*|8„" .7
12%° 2%
:l,i*74%ft78'%
52 x
70'
14
14
♦50%
40
♦34%
.
Series 1) 3Ms guar.;..——.1950 FA
Gen 4 Ms'series A.
16
Sept'
45ft Sept
Feb
Dec
Jan
32% Jan 5
127„ Jan 26
v
<po Inc (Robert)...;...!
6% preferred.20
Gamewell Co (The)....No par
199
$9
38ft
lift-rift
,
*i*13%:ftl3%
63X
44 /'
; -
'■"VI
•5 70'
70
'44 X
1948 UN
Series C 3 Ms guar
'
"
97%
12
Feb 19
Jan
27% Sept
Dec
8%
3
4%
Dec
Dec
31%
It
Apr 21
116
No par
.
Galr
% 599
■'A
37#
4
*97
101%
♦100% 103
♦
,ft; 5I0./51"
i--1942 A O
Ge.i 4Ms series B..:
_
Gabriel Co (The) c) A ..No
par
17% "*17%. 18%
*4ft
*108
--
to, »
00 X
109
ft 86
•
?
t./r,*
1 !)
-69% ft 69%
48%
E—1977 J
cln Wab A M Dlv 1st 4B... 1991 J
St L Dlv 1st coll tr is 4s.. 1990 M N
Ref A Impt 4Mb series
:■(
10
Freeport Sulphur Co... ....10 1
Fruehauf Trailer Co... .....1
5% .conv preferred... ...100
51
24'ft 2334
lft
-
.
"3 V M* •> 00k
'
zjz-z
Louis Ry
■if Series B 3 Ms guar—.1942 A 0
/•
.
.
i02^ 102'j»
108X109 Yi
111
112 1
-
111% Jl"'-4""
•.
108k
109 % 110 ft,
-»'X-
109 ft!
*108%
A
J
1
""890
-
124" *118
lift
.
13
♦12
47
106 H
107%-I08ft
- ■
110%
N
.
Jan 19
41ft Jan
share
per
\
ift
27% Mar 14
9% Apr 28
10
$7 conv preferred... No par
Francisco Sugar Co
T-175
126% 126%<Vl27 ,127
32ft
33ftf 33ft 34ft
124ft 124ft 124% 124ft
*16ft
18
*l6ft 18
*11% .A3;
1 12
108% 111- *108% Ail I •{08%'ipi
Q ,/F: Q
*9" '
9ft
914
9%
l9'4
i9i4
ft*: *3% -. 3-i4 /. /3% ; 384
"3ft 334 / 3% •3%
i,V 44% 44:% 5*44/f 45% >4478-;;-, 45%
447g.-4478
*
-"'ft'" 4%' : '4I4 :4-H% • ;4%
1% »f ?'4%
'.
99%
./IT
*50
.V"?,
;13-V H'4
IU4 -;14t4
12%
12%
*108% lip.
ft50;];/54/'j
♦110
Generalg4s.i —...........1993 J
General 5s series B———.1993 J
t
:,■
40
F'k'n
25%
23%' -26% 27%
112% 112% *11134 116
ft
%I /
ti„
66%
66%' *67,'"' 75
66 ft 66ft' *66
67
123% 123
x33ft - 3J34
,
•
;• 106%
•96%
43 M
O
1st mtge gu 3 M« ser E-.. -1909 F
Clearfield A Mah 1st gu 5s.v..l943 J
ft
11
2%
3 % M ty 4
30
Fab 10
9
Mar 21
,;.100
.
1,360
18
;,J..i
Machinery Corp.
Foster-Wheeler..
709
•■
17%'
'•
80
47
;ft:5
52
94 -.ft
C'in Un Term 1st gu 3M» P--1971 A/
:
"ii
63%
105%
101%
94 M
Cleve Cln Chic A St
Jan
1
24%
75
/ft;9
53
■1* 3:.:ft
51%
Cincinnati Gas A Elec 3M0,. 1966 F A
1st mtge 3Ms....;.—,--1967 J D
Cln Ub A Nor 1st con gu 48.1942 MJV
i
15
Florshelm Shoe class A.Tio par
Follansbee Steel Corp.
10
289
•
f
-
Zl
IT
52%
{♦Choctaw Ok A Gulf con 5s. 1952 MTU
|
86
par
No par
$ per share $
•
21
•
Mar 12
13ft
8f%
29ft
9%
preferred,/....No
Florence Stove Co.
300
:
*lft,
134
134 V 134
*9%
934
17
17%
2ft ' 2ft
*6ft ; 7%
*0
10
■
,
38%
"23%
12
-12 ft .12 ".12%
I2i8
11»4
11%
: '-ay
-4% • -4%
*4ft : 'ft4-%
^
*4ft
434
i*108 ft 109% *108 * -109% *108* >109% 109% 109%
*3i«
■ 1 -t4
*3i«:<"H4
'-ft
*ht
%
12
12
*11% 121.1 .-12 ft 12
*11% -12ft
*102 !10
*109% -103 V *109% 103
*10014 104
:/}*%/VA%i >-;v*/2/'/. =*?2
ft/v *e?i;ft4,3»
28i2 28% ■*27^'2Vn / 27% 27% *27
28%
*i8 -17
*16, ft; 10%
.*16% 171-j .;*i6---v.:4't-i
-/878 "ft! 9; /• *8?4 r 9% i' >834%s 9ft
.;://.* 9. .-A-' 9%
63ft
64
t- 06% 188% ■64% '66
r60
61%
26
ft,
-
101%
♦118
■
"*.12!#
-_ri
•
■
$4.50
Z/r 209
•
.
34%
31i4 31t2 ft 34
i213ft-124% ♦121: ;124% 124
124%
♦1634 vis/
*1634 ft: 18
;*16»4 - 18
124
ft"
}
120 V- 132
•!
31i.i'"3 478
124
•
15%
10%- 16%
1%
3%
129
3%
ft
j
67.
1 32 ft
♦1*26
29>J
19%
10
23
13%
15
J
1943 A
2/309
95
1634 ,1634
107
!
ft
ft'"f7l4ftft8l4 ift-£7,/ftft:8-4
f*73>,ft:79'« *72" ->79
2%
:{8 %?
11
ft'
22
67 •/
,-
55%
13
ft,
24
J
1st A ref M
*85;.
*3ft ft; 3%
; 3ft
107
♦106
108ft
*3 v '3% / *3 ft-3%
*2% " 2ft
2ft
2 ft
*7
*7 ; ■ >7%
7%
*7278 "79
*72'8; 79
107
ft,*3
S'sftftS's
; *2-%--
*97
"27-ftl
.
1%
;
| 55%
22
-;3M
.
40
24% ft 26%
J
AO
2
42
.....
Childa Co deb 5s
-
21
> 38%
3ft
-38%
*105
•
1
101%
38%
28
2&i ft 2Sft.ft28i.j ■>.2612
23ft
23%
♦HI S4 114% *11134 114% * 11134 112ft
*11M4 116
US '- -»'«
1%
/U'4
-lft ftl%
•ft
'%
ft'8-4 ; 83% ft 85-ft/85
ft 78"- 80
.65
-68
24 I
13%. 23%
14% 23%
17
124
1%
55
"24
E....1963 J
series
First National Stores..JVo par
Flhitkote Co (The)....No par
•
„
34%
14%
54
21 %
Indiana con 48.1952 J
West
lf'i".ll%
3178
11%
399
11
•
17'4
*16-i4
1714 i*A6V 17% *1934; 17%
118 - <122 ft ♦ 1191; 122:
Zl29/vl29 ft •I18
124
/ 2312 '24-ig x 2134 •; 2i's . 23% 1 34%i. -,2312.: 24;
36
•
26
30
ft.21%
w,
3,Ms series F....;. 1963 J
mtge
*31
*18:
,334 i; * 3ft. ft 3% ft *3«8
83
?■■'■ 32%
33
*32%
T
*9% "10
,-9%
9%
2.8% *28 28% "23%-
,
1st
31%
*18 V-
'
1st mtge
6%-preferred series A...100
/.; 86 " 83
16% i 161#" {6%
*18. ft 21
'
•::'-*2-l8
214
ft"*7.14'-: 8*4
*7314- 7918
j
35%
22%
1
'10
20
P A
23
41
m
-
20%
1951 J D
ft Memphis Dlv 1st g 4s...—1951 J D
Chic T il A So'eastern 1st 5s. I960 3D
Income guar 5s..;.Dec 1 1960 M 8
Chic A
299
:
4
X
34
61
—
;
14%
89
5 per share
2
7% Apr 21
29ft'Apr 29
8% Apr 23
In# N Y.S2.50
FUeneis (Wm) Sons Co .No par
Flrestbne Tire A Rubbjr„.10
*{4ft
*S7ft
14%
.
8l2 ft *3-%
*39s
.
34%
33 I
23
21%
J
22%
"45
38% ft; 33%
",20 M
.....I960 1UN
**.*• i
,
"2"69f)
90
•
/IOU2
*105'
t
34
21
32%
-.
D
D
{♦Secured 4Ms series A....1952 M ,S
Chicago Union Station—
Ferro E lamel Coro.^—
Fidel Phen Fire
*31'
11% iv
33 33%} 33%
9%9% / 9%
,/38%
32
:ft" 32
32
32 ft
38 M
J
-
"■
,
32
32%
,
J:
4s ctfs registered.......1988
Gold 3 M«
86
14%
*88
;
■
j
3
20%
49
.
32 %
♦31%
32
UN
Chicago St LA New Orleans 5s .1951 J
6
""8)5
i?s ft *1%17« '■*1%
I.-'- *lft
134
V ft l 78 »! l7g
1%
*118.
-I'S ft' * lft
134
/ "9% "A 9%
/ *9%'* 9%
>ft*'9i2*\"lQ'
*9%' 10
ft 17 >s ,18% *16%: 18
♦16 ft: 18
*16
'18
v '2 V '27s ./
2% " v2% ;1 2% ft 2-ft -ft 2ft / 2ft
*6^4
6%
634
634
,'*6-i4;-'67|
*6ft
67s
7ft *9% ; AO
*9
10'
*918 * 10♦9
"10
*50 ' 51
*50'
51
?*50ft,r- 5 b
tSO/c 51
*
4 X',;-'4.:.
4 - ft, 4
-.V-'*J78 .-'-.4.
3347 4%
4 *618 '* 67«
i
*9/ft 10
ft*50 ^ 51ft
17,%
1%
22
32%
32%
....
"33"
{♦Refunding gold 48;."I.....1934
35
t5ft
*
31%
3.2
0;:9 ♦Certificates of deposit—...'.
♦Conv g 4Ms—
34
14%
31ft
.
:; i*4
i®4
y/.*9i2 -10
".'17'8 17'8
63%.
8%
489
16%
2%
M AT
{♦Chic R I A Pac Ry gen4s._1988 J
//.v// 4s registered
....1988 J
341.1
*5ft
*17-
UN
■UJ Aug 1940 25% part pd.,1927
"
Highest
G
VA'"1, <
,
ft
2M
•
♦1st A ref .4Ms C.-May 1 2037 J D
>; ♦Conv 4 %s series A _:
1949 MJV
{{•Chicago Railways 1st 5s stpd
1
87
3ft Jan
preferred-,;.100
Food
|
37%
36%
38%
38 %
1 2037 J
♦1st Are! g 5si. ..-May
l
77
conv
5% conv preferred..
b Food Fair
stores Inc
51 U
48%
53 ;
4flM
.49%
1987 UN
vi Mst A ref 4MB stpd May 1 2037
4
7
590
-
46%
45
48
A
.1936
4% Feb
18% Jan
4% %
9%
3334
!
89
'
117# Apr 28
2)0
•
1434 j
;16%
$ per share f
300
-
:
Year (194J)
Lowest
Highest
Par
■
9%
34
-3314 51*33';:
/ *9% r iO
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399
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11
i
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4
67
n p Fed Inc tax. 1987 UN
4?is stpd Fed inc tax 1987 UN
# § ♦Secured 6 Ms
I
78
14%
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>17.
ft *'3 %
78%
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;
34%
123
7%
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0
//♦Gen 5s stpd Fed Inc tax..1987
95
73
78%
13
34
31ft
11%
.
13
...,./ -
3)9
,;*28;.«; 29:
■28%
29
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120% ,120% *115
121% *115
121%
'*684
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Z 28-IB .728^ 1 28% 2812 ft 39% ' :29%
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Range for Prenious
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<
.
31
1987 M N
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18
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1987
......
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'
70
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■
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On Basis of 10 3-Share Lots
YORK STOCK
EXCHANGE
3-%
34%
;,
'■■'■:/,/*
32%
11%
;"*i8;;/-2i
,>.-3-l t
4'.
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334
13
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79% ;
.
32>s >*317«ft
!
.
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•
"76% "83%
79%
70%
77%
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1975 F
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ri ug ;.,i.5
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13
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89
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331.1
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per
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9%
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STOCKS
NEW
the <
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$
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37%, ft 33%
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129%
101
341
.
Wednesday \\ Thursday i "* Friday
May. 13
L May XL .•/.Vi/ IS,;..
-
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Chic Ind A Louisv ref 0S..1947 J
gen
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t
25 M
A
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126
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91
121 M
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116
Chicago & Erie 1st gold 5s_'_—1982 V/N
Chicago Gt West 1st 4s ser A.1988 J J
I
i
89.:
127%
y^OM ft; 20%
j
Chicago A Eastern 111 RR—
♦Gen mtge Inc (conv)_£—V. 1997 /
/■■
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104% 105%
lis"'"- ii«"?
♦
\fri>
1958
$ per
378
13'«
101%
101%
4t,
J
0
J
1st & ref 4 Xs series
B.C.'1—1977 F
1st & ref 5sseries A
.'...1971 F
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share
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wl'1*.
J
3)^8registered*.>i^iVii-1949
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ner
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78
J
Illinois Division 4s:..1949 j4s registered....
...1949
(leneral 4s........
■v
-
$
72%
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Potts Creek Br 1st 48..:.;..1940 J■
R & A Dlv 1st con g 4s....: 1989 J
11.,
v
*7
127M
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77%
,
49%
72
1/ 8
♦Chicago
96
56M
85 M
8
2d consol gold 4a.1989 J
Zrl
08
104%
Ref &
.
$ni•frkUv'&i CMnnilfo *• " I'^uesdajj
\
.
1092
-LOW AND HIGH SALE PRICES-
ft.
.
for
'it
High
68
3
-
irnpt rntge 3Xs D
1996 MiV
Ref & impt M 3Xs ser E...1990 F A
General gold 4Xs
?
Low
124
76%
89%
Mi
Issue)...1950
No
High
55
85M
S f deb 4fts(1935
'
——tA
69%
92
Certaln-teed Prod 5Xs A...1948 M 8
Champion Paper & Fibre— / I
/■■/'if-
Jan. 1
t
--76M
Central RR & Bank'* of Ga 5s. 1942 M N
ft*
Since
•
Asked
&
Low
A
1st gu 4s.1954 A
......
,
Is
v
.
Ringe^
:•
Friday's
Frfce
'
.
Hanye or
Sale'
.
■£ Through Short L
Week's
,,,
Last
.
-
NEW YORK STOCK RECORD
■v
409
Houston Oil of Texas
Howe Sound Co....
v t
C—25
5
:•
r 2%
May
1
Apr24
29ftMay
2
44
105
0»4
3%
75# Dec
dttU
Jan 11..
2ft
* 5
3ll
26%
34ft Feb
14
Dec
Apr!
37% Jan
I
iVn-t-'H'ii'K.iHi tr AwA'f
'A
Monday, May 18, 1942
& FINANCIAL CHRONICLE
THE COMMERCIAL
1900
NEW YORK BOND RECORD
RECORD
NEW YORK STOCK
Wee&'g
Friday
LOW
for
.
|
1
•
Thursday
Friday
the
May 14
May 15
M onday
May 11
May 12
Wednesday
May 13 *
$ per share
S per share
$ per share
$ per share
«8
%
*%
3
3
iSh
*314
*18%
4%
4i4
4i8
1
l
1
5j
3%
1884
4
**2
35s
19'
414
'
•
5?
'
*1812
'
Tuesday
$ per share
*3*4
1884
3%
1
*%
*%
**2
Par
5%
*
19
378
4
3%
100
18*2
384
18*2
334
3,100
Hudson Motor
»i«
14
2,100
JHupp Motor Car Corp.
1
Highest
C^r—.No par
1
2
4
Jan 12
•1*4
21
.Feb; 6
2
Feb
%
2
-Jan
.
16% Apr 17
3% Jan 2
4u-Jan 2
LtdATo par
Hud Bay Min & Sm
900
2
share t
Pec
per
%•
2
3g Jan
Manhattan....100
preferred.........-.100
*3"s
5 per share
$ per share
Hudson &
*3%
3%
18%
18*2
38437g
3%
I8I4
..
3%
Dec
♦Cuba RR 1st 5s
21% Sept
Dec
478. Jan
2%
-
■
38
*13l2
14
37i2
*234
38
38
'*
*3
*1158
7*2
1158
718
76'2
*155
77
*155
14
37%
'3
*3
*11*2 .II84
7*8
*65g
2284
2234
76%
5512
55*2
*9*2. 934
9*8
*5»2.
6
5's
5i2
21 >2
*20"4
22
*20U
*10184 105
*J04«4 105
*5%
6 >4
6'2
*5*8
*5*2
6
*5*'
*20*4
22
*20*4
6
123
*
V
'
■,;
•%.
*41
130
131
*128
130
*2
265g
2GU
268s
26 >8
2%
*2
238
*2
41
26
12i2
12'4
5312
54
*2'8
2U
43-%
4338
*218
437s
*37i4
26
26
1946
series
1078
11*8
11*4
5134
*51
51?g
*2
200
437g
40
*2578
26*2
*28l2
30
*28*2
97
*90
97
/• 7i2
*88U
734
*7*8
8884
8884
3*8
8834
*88*4
8i2
8%
*7i2
8i2
25i2
*24i2
25*2
*24*2
*127*2
*127'2
29
100
*27
♦90
30
*27*2
97
?'
*90
15
884
10
-
*4
Apr
1
23
Jan
May ,131
20
Sept
1078 Feb
1 73% June
51*4 Dec
•»" 2% Sept
> l*s
Apr
48% Oct
32*2 May
38*4
25%
94
v
preferred—100
.2
20
,
46% Jan 30
39-
;
2
Jan
.
19
19
*86*g
88
*86*s
5178
5178
51*2
6
*57g
6
19
187g
187f
88
*86*s
92
52
53
52*4
125*2 *124*2 125*?
19*8
1834
I884
*124l2 125*j *124*2
:
*55
66i2
54'8
*64%
*64,
5534
,
49
Feb
1834
-18%
18%
104
.-Jan
1,000
63*2
8%
8%
,1
*8%
-
*62
64
*62
63%
Johns Manvllle...
VA% preferred..——-
3^800
Steel.No par
......100
5% pref series B cony. .100
Joy Mfg Co
....—.1
5% pref series A.
•
300
500
8%
.
Jones & Laughlln
400
Feb
.
Feb
J
J
*118*2
384
3%
I884 *17 ;
378
•'*17
65g
*6*8
:
*8
•<•.
287g
'•285s
1
26
*25%
17*2
3*4
197g
19*2
'i>, '
r
27*4
*25*2
*134
2
Dec
Dec
4978 Dec
*3*8
19*2
25
*85
57g
:
3l7g
16%
Dec
3
64*2
Qct
Dec
Jan 20
8*4
Dec
Nov
122
.
87
-*8
>
*95
'
J,;
i'.w-U
2434
11%
57g :/5%
400
Class
■
103
103
104% *101 ■„ 104*2
9,800
28
27*2 27%
2678 27*4
13
12*2
111*2 *12*2 •12*2 •;>„ 300
100
27*4
*25*2
*25*2
27*4
*25*2
27*4
100
2
2
*178
*17g
2
*178
36
*32
lop
37
♦3334
»3178
37
2,600
17*2
17*4
17*4
17*8
17*8
17*8
*3*8
'
20
25
24*2
3*4
2084
*3*8-
3*4
20
1934
'24
24*2
24*8
-3
3*8
Kennecott Copper.
20*2
*24*4
25
No par
A..
5s stamped.:.:
Cq .No
6
2678May
113a Apr
II84
par
14
25
...1
(6 R) Co—preferred... .No par
33
Kresge (S S) Co
—
•••..
:
Kress (S
-apr
Apr
30
l9*2May
22*8 Apr
No par
p) & Co....,
Bak
No par
Kroger Grocery &
29% Jan
Feb
Dec
98*2
30%
27*2 July
671
Aug
Firestone Tire
"33
36
12*2
,
*12*8
12*2
*9
9*2
*9
*17*2
*18*2
*107
.
177g
177g
9%
18
*18*2
2'4
*2*2
1
1
1*8
*1
2!
2%
234
*17%
*107
1
1
12*4
♦2*2
185S
185g
1878
19*2
19
19*4
*187g
19*4
*11*2
12*2
*11*2
12*2
*11*2
12*2
19
*18
19
*18*2
•
187g
18*2
18*2
24
23*4
23*4
2334
23*2
24*8
4*8
4*g
4*8
4*4
*21*2
23*2
23*2
*21*2
23*2
*21*4
59
58
*57*2
58*4
*55*2
57*2
*57*2
588g
58
*164
173
,
58-
235g
4
58*2
58*4
173
*164
4
4>g
173
58
173
,
6
17»4
*173g
1784
*17*4
17»4
17*2
17*2
25*4
*24
25*4
*24
25*4
*55
*22*2
*27*2
28
*2712
28
*27
2734
10*2
27*2
10*2
*1134
17*4
39*4
35*2
27*2
*10
10*2
10*2
10*2
12
12
12
12
17
17*4
3934
397g
35*2
35*2
33g
*27g
1684
*3
*1584
*1578
1178
117g
1178
*136
142
*136
13*4
*66
*13*8
13*4
*66%
66
17%
*35*g
3*4
1634
*17%
,
;!278
9
Aug
18
10*2
12
•
*26
3
3
3*g
3*8
16
*15%
16*2
60
*63
""106
13*4
65
2734
""160
10*2
600
40*8
40
36%
36*4
36*4
-
B._._—.-25
-..100
Preferred...
Lily Tulip Cup Corp...No par
Lima Locomotive
Wks.No par
-No par
Link Belt Co
Lion OH Refining Co...No par
3
400
16*2
12*8
100
13*4
64
63
500
1,100
Lorillard
par
17*2
17*2
*16
124
"31
31
*17*2
*11*2
*20*2
18*2
3
31*2
1734
3
*10*2
12
215s
21*2
27g
*5
584
*5
*12*4
13*2
*12*4
1
*»!«
*»i«
17*2
124
*16%
124
31*2
1778
12
17*2
31
27g
534
13*2
1
124
31%
3078
18*4
177g
*10*8
21*2
1634'16-34
124
1778
11*2
22*8
278
*5
584
*12*4
13*2
♦1S1«
1
.
*484
*12*4
*«u
*16*8
307g
*120
31
307g
18
18
23
*21%
27g
584
12%
*2%
*484
13
*12*4
1
-
11%
11%
534
*16*8
17
126
*124
31
177g
*1084- 11%
21% 21%
2%
234
22*8
*234
124
*"i«
17%
*11*4
*2U2
2%
*484
12*4
Mar
■
,
■"
*"i«
1
3% July
$34 Sept
28% Aug
2978 Jan
4
20
50*2
50*2
164%
1634
24
45*2 July
13
8*2,
183s
8*2
9
.
'9
9*s
1
187g{
4
Jan 26
1%
Jan
Feb
Feb
5% Aug
13
Mar
11%
-
2*8 July
14% 8ept
_
.
9*4
278
27g
27g
8
3
8*2
8
8%
9
9*8
9'
9
278
8%
-
-
q
-
27g
9
q
.
27g
8*4
*8%
Dec
20*2 Jan 14
18% Dee
24%May 11
19*8
5% Jan 20
33
Jan 3
13
Apr 14
Jan
3
27%Mayll
9 % Jan
2
::
73% Jan 12
74*2 Jan
175
Dec
3% Dec
32% Nov
64% Dec
94% Nov
•
70
31*4
1784
1,300
11*2
100
800
300
2%
5«4
800
12*4
-100
Mac Andrews &
34
Jan 21
-
Magma Copper
Manatl Sugar Co
Mandel Bros
-
.10% Mar
18
10
10
...I—1
No par
25
Midland Corp...—.5
St Ry 6% pr pref.. 100
9
9
1,800
Marshall Field & Go...No par
2,800
Martin
Market
(Glenn L) Co.—
187S
188s
18%
1734
18%
4
*3*2
23%
4*4
23*2
*3%
4
2384
17*2
*3*2
*2234
3*2
3*2
500
Martin-Parry Corp
*23
23
*2234
2384
400
MasonlteCorp
*20*2
*20*2
22*2
21
*20*2
*155
169
*20
22%
*20
22*2
*20
22*2
*20
22*2
21
20
20*2
20
20%
20
20*8
20
20*4
*150
169
*150
22%
169
For footnotes see page 1904.
*150
169
*150
169
*150
109
J
1977
.Jaq
37*4
May
16%
-178 Dec
1334 Jan
12*2 Dec
334 Ded
19
Sept
1938 Jan
1134 Apr
63
May
9
15
15*4 Jan 29
Jan 30
Apr
39%
Oct
45*2
July
142%
Dec
162
8
15
Dec
76*2 Jan 26
'60
Feb
18*4 Jan
...
1,700
......
1
No par
...No par
Master Elec Co
1
Mathiesori Alkali WkB.No par
7% preferred..
88%
91
J
71
71
73
J
*54
54
52%
Island RR—
3
1st A ref Term M 5s stpd . . -. 1952 3
Gulf States Steel 8 f 4^8-—. 1961 A 0
1969 MN
Gulf States Util3Hsser D
•
Gulf A Ship
*89%
103%
103%
2
92%
92%:
102% 105 i
110
110
8
109% 111
*126
128
—
-
H
g4%s.. ..1999
1st mtge...—7 ..1944
t{♦Housatonlc Ry cons g 6s.>.1937
Houston Oil 4 %s debs
7 _ .—i 95*
Hudson Coal 1st s f 6s ser A
1962
Hudson Co Gas 1st g 5a.-.
1949
Hudson A Manhat 1st 5s A---.1957
♦AdJ Income 5s.
—Febl957
— .
D
42
»
A
J
""45"
O
1111 nols Bell Telep 2 % s ser A... 1981 J
103
,44%
40%
>
119%
*117
MN
F
86
103 '
103
A/N
J
102%
86%
102%
-
MN
A
Jaq
Sept
74*2 Nov
t
;•
.
47
14%
102
101%
..
199
15%
44%
15
245
•;
102
Illinois Central RR—
——-—1951
1st gold 3%s......1951
Extended 1st gold 3 %s—-. .:1951
1st gold 3s sterling.—
'.1951
Collateral trust gold4s.-...a. 1952
Refunding 48.:————.1955
; ;
,
,
92%
?92%
1st gold 4s...:
22
149.
4sser B.i. 1075 3
2015 3
♦Gen mtgeinc 5s ser A._
91
Jan
31% Sept
11% Apr 29
Mar 30
0
13% July
9*4 Dec
19*2 Apr
28
May
35
Apr
.
♦92%
0
A
Jan
13
.
A
Jan
30
78%
63
9%
94
9%
Feb
ANorlst5>*8B.— 1950
1950
series C—- -,
1st mtge 5s
Gulf Mobile A Ohio
06%
Y
78
*57%
Feb
deb ctfs A.
98
15% Jan, 3
1281
*
9734
96
,
''
♦Debentures ctfs Bi.L*.::. :T_-
Gulf Mob
85%
,
97%
:
96%
J
24% Jani 6
41% Jan 27
Mar
•Green Bay A West
97%
,78
O
4
15
'ii
95%
85%
84%;
84%
1967
3%s series I
102
94% '94%:
84%
84%
3
1976 3
.,
...—
107%
107 %
101
O
MN
Purchased lines 3%sa.i.. —1952 J
86
"3
*53
.»■.
"47
i
*86%
Af S
A
14
70
*30
86
34
'
52%
52
45%
45%
47%
130
43%
44%
23
46%
J
12
1953
MN
Refunding 5s———————1955
Marine
21
.
A
Jan
18% Feb .6
4,800
3.510
18
.
.
3
14
2
13
Maracalbo Oil Exploration... 1
2334
177g
4
.
f
101
1952 J
..
1973 J
General 4 Hs series D
Hoe (R) Co
ll%May
4% Jan 24
71
90%
101 ■••-
.
*91...
107%
Jan
June
25
103%
102% -.102%
"90%
D
1981 J
i General 5s series C.
MN
56%
56%
47%
58%
40-year 4%s..j—.—...1966
Cairo Bridge gold 4s:..
195C
F
46%
45%
47
155
80
2
58
2
56%
-56%
67
5
43
44%
4
49
49
4
Collateral trust gold 4s
Manhattan Shirt.
*334
I
3
1947
lstgu5a
Great Northern 4 Josser A
General 5 !^s series B.....
96*2
21
x29
19%
30%
>.
39
z20% Deo
32% Feb
96%
19
J
■
Hocking Val 1st cons
189
17%
278Mar27
par
100
Forbes
23»4
"
4
95%
J D
Jan
Dec
Feb
42% Jan 28
6% preferred
..100
MackTrqcks Inc
Vj par
Macy (R H) Co Inc—No par
Madison Sq Garden--.No par
24i2
"
96%
•
.
5s.. 1949
w.,1949
Jan
7%
June
174
Jan
19
Apr 29
Louisville & Nashville
200
3
J
V
,i'i
1st 4^87.1956
Grays Point Term
24% Sept
14% Noy
27*2 Sept
45% Jan
Dec
zl9
21% Jan
35
.100
*23*2
"
18%
27g
*
3 D
Hosiery deb5s w wa .: 1946 M 8
116% ; Jan
5
Apr 18
Apr 29
Apr 16
Oct
26%
Apr
Mar 12
Mar
Aug
Dec
:
75
Oswegatchie 1st 5s....1942 J D
15% Apr 1
.Apr 27
124
23% Jan 12
Jan 27
-131:
28% Apr 17
17% Api 30
10% Apr 29
20 May 4
35% Jan- 2
21% Jan 5
2% Apr 28
2
4% Jan 30
6(4 Jan 15
12*4May 15
34 Mar 27
16% Jan 26
1% Jan 31
5
May
19
7 Dec 7 31%
23%
-
13% Jan 22
27% Jan 28
138
Dec
xl32
17*4
11
1
Jan
Deo
Feb
V29% Sept
•
35'4 Dec
,1% Fe b
5*8 Dec
12% 'Apr
.
4% Dec
i
100
2?8 Apr 2
484 Jan 2
8*2 Apr 17
17% May 14
3%May 15
2 284 May
1
3% Jan
9% May
12% Jan
6%
27%
24*2
20
May 12
29*2
162
Apr 20
Mar
6
Jan 6
Feb,16
Jan 6
J&n 6
Jan 13
26*8 Jan
6
20
176
5
7
7
A
47%
80
58
Litchfield Dlv 1st gold 3s—1951
3 %8 .—1053
Omaha Dlv 1st gold 3s
: 1951
.
►
Springfield Dlv 1st g 3%s._. 1051
.1951
Western Lines lstg4s._
;
—
51H
.52%
"63%
...
•
,
.
Dlv A Term g 3s...>1951
Gold3%8—
.1951
St Louis
.734 Aug
„
.....
Loulsv Diy A Term g
14% Aug
31
July
.
19*4 Dec
.
Jan
Apr
30
6
63%
85
16*2 Sept
84
Jan
l%May
27j
Dec
5*4
Jau
Dec
11 *4
Jan
111 Cent and Chic St L A N O—
,
27g
27g
27g
•
17% Sept
19%
par
Louisville Gas & El A..No par
17
1
v'.
Gotham
26*4 Sept
107*2
2*8
101
}>:•
73
40% July
9
8
3%
*3%
101
73
.
Goodrich (BF)
Jan
38
•
14% Sept
%
37
3%
Yd
1956
1956 MN
Gouv A
39% July
14%, July
Jan 16
Jan
300
126
23
..."
■*
Gas A El of Berg Co cons g
M
*124
;-5 3%
J
27% July
;
9%
3
Dec
Jan
7
268
0
J
14% Dec
•
11
9%
10%
1974 Af S
6s..
"64%
*63%
t*Georgia A Ala Ry5s...Octl 1945 3
| |*Ga Caro A Nor 1st ext 68—1934 3
113
37
400
,
D
3s<leba
96%
*02
Jan
106
Feb
Jan
5*4
4
par
25
(P) Co.——--10
1% preferred
14234
13*4
63*4
1959 J
107
96%
90%
J
Gen Steel Castings 5Hs w
1434May
Loose-Wiles Biscuit
14
;•', 64
Series
•
Tobacco..25
3
*12,
117g
14234 *136
117g
*13%
Liggett & Myers
*15*2
16*2
*136
MdNeill & Llbby
7
Savers Corp..:
,.<——5
Liquid Carbonic Cor p.. No
Lockheed! Aircraft Corp
Loew's Inc
No
Lone Star'Cement Corp No
Long Bell Lumber A...No
15*4
3*8
3%
*15%
12%
139
j"
300
117g
/
7,400
1534
4,500
40*8
-
16
*64
1734
25
10*2
35*8
13*4
i
*1134
*35
66
*17*2
*22*2
Life
900
174
117g
15%
35*2
13*4
100
10*2
16%
*13*g
•
2734
397g
13*2
22
*26*2
10*2
15%
12
12
12*4
12*4
142'4 *130
14234 *136
20*2 Jan
(The)—1
5
Lehn & Fink Prod Corp
500
■"'•
39*2
37
Libbey Owens Ford Gl.No par
Llbby
1734
*1134
1434
3934
*117g
Lerner Stores Corp ....No par
3,100
*164
1943 J
107
107
D
1961 M N
Jan
8%
Feb
17%
10%
9% Jan 19
14% Apr
4,300
Lehman Corp
I.-
57*2
58%
1956 J
♦Certificates of deposit..
Francisco Sugar coll trust
121% Apr
Feb
24 ;
8
8
£ 23*8 Jan
97%
2284 Aug
1434 Aug
Jan
z22% Mar
17%Mar21
8% Jan
4*8
24
•
*22*2
40'g
3934
35*2
10*2
=
1
18*2
57*2
5884
57*2
■ 174
,17
>16%
3984
57*2
-
57%
24*4
I
preferred.i..i.i.50
May
L;
108
104%
Dec
Feb
Dec
.1%
21
1% Jan 20
2384
*21*2
A Rub 3s deb..
Food Machinery Corp
Aug
Dec
23*4
5
187g Feb
Jan
1734 Apr 17
11% Apr 24
18
Apr 29
4
22
*164
6% conv
,,
18*8
4*8
*21%
58
*164
*24
1178
1,600
12*2
1
Lehigh VAlley Coal....No par
1,100
1,400
19*4
2
15*2 Apr
18% Apr
2334
19*4
4
4*8
*173s
,
»
22
*55*2
*21*2
*55%
*164
1
12*2
*19
*11%
*18*8
23*4
23
600
234
*11*2
*1878
12*2
;
^
1
12%
*11*2
*18*4
■
13
39*2May
'■8% Mar 17
...No par
Tire.——,—5
15
14
Lehigh Portland Cement...25
4% conv preferred.,——100 100% Mar 30
2% Apr 25
$ Lehigh Valley RR
50
200
19
110
12%
I*
*1
1
127g
Lane Bryant
Lee Rubber &
11% Jan
No par
(The)
100
600
*107
2%-' 2l
1
13
Co
Lambert
9
1734
"
13 r
13
preferred........—100
1734
110
*107
*2%
*12*2
200
5%
-
*8*4
*18*2
19
*18*2
19%
110
12*4
-
7% Apr 29
21*4 Apr24
Laclede Gas Lt Co St Louis 100
600
417
*94%
General 4)4s series E
590
33
12*4
12*4
9r
18
17%
12
33
33
33
33
12*4
I884
1834
19*4
I884
♦107
110
110*2 *107 ,110
*2*2
*12*2
31%
9*2
18
I884
38
*9*8
M N
257
49%.
48%
*106
21
92%
01%
48%
General mtge 4s series G_—. 1946
1046
Gen mtge 4s series H——
*11
11-
107g
12*4
*12*8- 12*2
36*2
9*2
12
13
123g
37*2
37
*12
r
123s
01%
J
|*2-4s (Proof of claim)., a.-1982 MN
Gen mtge
12
3
J
♦1st A ref 5s series A
/ ♦Certificates of deposit..
ft-!
127g
105%
105
J
J
^♦Florida Cent A Pennln 5s—
J Florida East Coast 1st 4 Hs.i
.
12*4
11
O
J
Fairbanks Morse deb 4s.„w.
12% Jan
121*2 Mar
11% Dec
■t
25
27S Feb 5
40% Feb. 5
2278 Jan; 9.
3% Jan 23
27
Jan. .2
Jan
3
o
1
Kresge Dept Stores
1,900
1,600
1965 A
3
15
09%
1971 M S
Ohio Dlv 1st mtge
86% July
14
Sept
•
Jan -3
29
May
17. Mar
10
i
105% Jan 20
37% Jan 3
13*2 Feb 20
1% Jan
$5 prior
y
9
.
Kimberly-Clark—..... .No par
Kinney
.....
7
1st cons M 4?is series A—. .1957
1st cons M 4s series B...... .1995
♦Gen mtge Inc 4Hs series A. 2015
♦N Y A Erie RR ext 1st 4s.. . 1947
100
68
111*4 Dec
71% Sept
128
Feb
.
May
100
.No par
_
Keystone Steel & W
500
*20
B..—.1
Kendall Co $5 pt pf
10
27%
19*2
100
■
,
.
'
300
♦12*2
314
.
17
100
Kayser (J) <fc Co...-.—-—5
keith-Albee-Orpheum pf—100
Kelsey Hayes Wh'l conv cl A.l
200
8*2
-
10,
5% conv preferred
V*.
100
4% Dec
8i4May.ll
120*4 Mar. 3 xI16%June
2
Dec
4% Jan 27
2
22
13*2 Dec
Jan 27
2
.'• 9% Dec
6
Apr 17
11% Feb 5
100^ Mar
87
May 1
100% Jan.13
7
Jan 7 ,8*2May 12
6*8 Dec
95
Dec
99
99
Apr 28
Apr28
1278 Mar 16
,934 Dec
10i4 Apr 21
4'8 Dec
4% Jau 9
7*4 Apr 7
Feb
Dept Stores.^—1
Kaufmann
100
150
104
;
Jan
59
Mar
15%
108%
111
100%
100%
100
Erie Railroad Co—
'Jan
107%
234 Jan
16*2 Jan
30
109%
O
Elgin Joliet A East Ry 3)£s—. 1970 M S
El Paso AS W lstSs.-.-.l—.. 1965 A O
;•'•••'*
14
44
6
5
5
128
>
Minn Nor Dlv 1st 4s.,
Dlv 1st 5s.
1st cons g 5s.t.
Elec Auto-Lite2 <4# debs.
a.
7 f4
Dec
5%
2
3
117
Furn—10
L pf ser B No par
Southern.No par
4% preferred...-.-
'
100
•
6*8
'
17% ■17*2
3*4
20
*2434
i
36
36
1734
17*2
*3*8
20
578
5h
17*2
*11*4
11
11
11,
57g
'■ 8%
.
*97% 100
1,000
3%
17*2
6*8
Kansas City
'
13
178
25
25
28*4
3634
.
*8
8*2
-
101*2 *101
27*4
17%
*3
-
100
11
*12*4
1%
37*2
'*36
8%
♦94
87
*85
87
*85
■
.6's
*6
*36 *'
2
'•■*178
6*2
*3*8
3%
8*2
Kan City P &
*119
177g
*6*8
.11
11
13
*12
3%
*17*2
6*2
100
104*2 *101
2834
28
28*4
13
26
*12.
3*2
18%
*6%
87
8*2
*94
6
3%
*17%
6*2
*85
87S
11-88
1
*101
105
*101
.
100
6
6'8
37g
*6*8
87
v-
*11
11*8
*578
(
*8
*95
102
*1078
6*2
♦85
87«
■
*95
—
1834
334,
384
1834 *17
1,400
77g \8
8
-
*119
*11884
f
*6*s
87
*85
;
....
8
'8*8
8
*8*4
*11834
87
102%
106%
'
■
|Fonda Johns A Glover RR—
Kalamazoo Stove &
'
8*4
8
8
778
17%
,6
102%
107%
30
24%
109% ,109
3
J
35
.85%
107%
107%
0
M3^s...il065
Duquesne Light 1st
it.
,
:
2
23
.
102%
,..1950 M 8
t§*Dul 8ou Shore A Atl g 5s.i.l037
-
*119
31
35
*85
5
104
35
*20
J
Dul Miss A Ir Range Ry 3^8—1962 A
•3334 Aug
134% Aug
Mar
124
111
103%
D
4s...*.1995
Dow Chemical deb2^8
K
•
104""
illN
9% Aug
Dec
-Jan
11
!nl<
S
Gen A ref 3sser H..........1970 3D
Detroit Term A Tunnel 4 Hs —1961
5
.
"io
110%
J
7
-
2434 Jan
7978 Jan
M
5%
5%
*85%
D
Sept
125% Apr
64
'
iio%
1950 3
.98
9
Jan
62% Mar
5%
v
8
O
1005 J
Sept
5
5
4
4
122
......-100
33*2 Jan
107% Jan
G. ..1966
66
213
3%
18
1956 MN
14
1734May 14
5434May 4
63%May 1
8
Apr 28
-100
No par
Preferred..^
'
65
8%-
9
Jewel
Mar
8
3
\1
1948 A
Feb
.
.
26%
.
-
2
18% May 15
85
May 4
5(M2May 15
j
Ed El 111 (N Y)
Dec
87
,
.
5% Jan
18%
East Tenn Va A Ga
5*4
-
.,
Co...
-.1
Tea Co Inc..—-No par
3%
O
East Ry
Dec
1%
9*4 Jan 2
'7*8 Mar 28
95
Jan 12
88*4 Apr 17
.9
Feb 2
734 Apr 29
32% Jan 6
2t34 Apr 291
127
Apr 13 132;Jan 20
Jarvls (W B)
A
A
Oct
-
3% Sept
3% Sept
1*4
'
1
3~666
*86*g
91
91
*86*8 91
51
50*2 50-34
51*4
517g
12412 125% *12412 125*2 *124*2 125*2
18*4
18*2
18
1734
18*g
,18*2
55
55
*54% 56
55
55
51*4
64*2
64*2
6
ser
F
*■
36
4%
3%
19%
3%
Oct
■
1
400
'*5*2
5%
1834
*86*8
56
*55
66*2
834
87g
*858
•
1878
19*4
5478
19'4
""
5%
*18%
6
I8S4
*578
3^8
17%
A
^-.a.1965 A
i
296
7, 4
19%
Oct
Jan
„
31%
May
95
May! 9
3
'
49
Feb
26
7 ,96
Apr! 3
2 ; 2% Mar 25
May
1% Jan
Preferred.-_..,i......-100
No par
—1
$6 preferred
.1
r
Dec
.
4
July
31%.Sept
125
2%. Jan 26
13
-v
V",
*578
1878
534
Detroit Edison 4s ser F..
3
105
j
F
9
.
>17%
18,%
♦Second gold 4s.........at 1095 J D
i% Deo
c
Jan,26
28%Mav.
■107% # 107%
3
j
<
258
4
57%
104%
*106%
j
Detroit A Mac 1st Hen g
9
1554 Jani 5
6
7%
•
■*i
584
j
1936
1936
:■
101%
'5m
57.
.
J
J
t*Denv A R G W gen Ss... Aug 1955
v
*Aasented (subj to plan) s..
tRef A Impt 5s ser B..Apr 1978
t*I)es M A Ft Dodge 4s ctfs. j.1935
i*DesPlaln8 Val istgu 4HS...1947
2% Jan
13% Nov
Dec
48% Feb 13
321 Feb; 5
26.May
Intertype Corp...
Island Creek Coal
100
*' v-
July
'Jan
'6%
7.1971
.
106
105%
J.J
,,
Jan
57
170
Mar 14
39^
No par
Salt.
Teleg.No par
Foreign share ctfs...No par
Interstate Dept Stores. No par
100
25*4
167%
Jan
Dec
60% Jan; 5
Intern Telep &
300
*127%
127*2 127*2 *127%
12634 Jan 3
1034May 15
International Silver. .......50
5,363
•
*8*8
25*4
834
*734
*25
26
,
100
Shoe....No par
.
89
*88*4
89'
*88*4
884
7%
May
,
June
3
Jan 31
28% Feb -4
130- Mar, 4
.
4
91
90
AO
3
_
5*Consol gold 4^8....^
*41%May 4
178 Apr 25
2 4% Apr29
"33"" '"21
31
15 ♦Dsn A R G 1st cons g 4s
Deq
.
150
9
12*2 Jan
5
Apr
International
"ri'ooo
278
7%
8
.
.
-
Jan
11*4
34 Jan 19
.
International
-2%
f
27g
7*4
7*4
50
97
2%
2% "2*2
2*2
2*2
Feb
140
37%'
33%;
*35%
1st A ref 4%s_. i—...1....1969 r
1st mortgage 4 Hs 7j.
1969 j
;
1.42*4
Feb.4
52.
Del Power A Light 1st 4
Jan
,13*2 Jan
7% Sept
27
Sept
Dec
6
160% Feb 18
31
j"£>
DaytonUnion Ry 3^sser B...1905 3D
Del A Hudson 1st A ref 4s—_r.l943 M N
Jan
113*4
July
61 ■ Apr 14
5% conv preferred...... 100
Cent Am..No par '••••>. 134 Mar 25
41% Feb 16
5% preferred........-.100
-
"""966
89
*784
*24l2
128
*127
26
Doc
13%
151% Jan,5
6
Inter Rys of
40
26
7%
*88*4
884
26
*37
26
2%
2*2
*7*4
89
*710
*24i2
734
.
*43*2
40
26
2%
2%
..
46*4
*37*4
97
28%
*90,
2*2 V 25g
*2**>
278
*258
*714
7i2
.
284
*43*2
2*8
26*4
28*2
*2578
2-9*4
*90
46U
2*4
45*4
40
2*8
*43*2
*37*4
4378
437g
*37*4
26*8
1034
Canada.-No par
Inteoational Paper Co
1,400
2*4
*2
:
1
Corp
Preferred
11,200
51 *
97
3
100
m
,
..
preferred..........100
Int Nickel of
8,000
53
30
2%
26
11
*90
2%
4%
Internat'l. Mining
100
130
*128
130
*128
29
-
Feb
.
19
111*2 Feb, 3
10% Jan 9
8
Jan 14
% Jan 2
57gMay 14
-'3% Apr 16
38
Apr 10
.
Internat Min <fe Chem.
300
2%
25%
25%
25*2
26*4
*2
2
2
6
to
3s....1970
Dayton P & L'lst mtge
Jan
;
90%
8% Dec
.
5
23%
D
Jan
9% July
161
Dec
107
Apr24
40
-
"68
"32"
Publishing Co 3s deb... 1955
Gen A ref mtge
Sys class A.25
4,200
4
4084
6% Feb
extended
B
33
♦Deposit receipts......
j
29% July
.
Sept,
63
23% Jan27
Apr
147 i May
i
Int Mercantile Marine. No par
1,800
4
*40*4
4*8
4034
...—....100
Int Hydro-Elec
100
:
52
2*4
40
2%
6
57g
4*8
*40*4
131
%
6%
*%
Machines!iVb par
Preferred
500
*150*4 152*2
7u
12*4
*2*8
*28'4
2*8
Internat'l Harvester...No par j
5384
2*4
■
Int Business
12
1258
53 I2
41
Interlake Iron........No par
1,000
7,500
154
.12% Jan 14
20
:,10978Mar 16
2,000
42*4
*53
12
26
25-%
5*4 Apr
6
6
2%
*128
200
43
67g
*2
2658
*128 v 131
53 /
*37'4
•-
6
6% preferred
......100
Intercont'l Rubber ....No par
""""60
121
4*8
*40*4
110
Apr 24
105
26
*35%
4«4 Aug
-
'
85*2 Dec ,111%
t
4
35%
36%
"-35H
*68
Aug
•21%
Feb
5
Jan 12
39%
"33 "
High
49
j"i)
...
45% May
Deo
-
20% May
Jan! 8
74*2 Feb
9% Apr29
5*2 Apr 21
i 934 Feb,18
103
Apr 7
6
41*4
4
41*4
2%
Inspiration Cons Copper...20
Insuranshares Ctfs Ino.._...l
Interchemical Corp
No par
121
%
6%
4*8
4*8
41*4
,
6%
6*2
4i8
4's
4iS
41 '2
200
6
6
*%
1,100
120*2 121
6
12134 12184
5g
*7.«
678
6i2
7
678
4
4112
■
151
5(
-
.
9
'6
21*4
*5%
5*2
"
431?
41%
42%
4184- 42*4
152
*149
152*4
152*2 *150
427g
151
*3g
%
*%
•j
'
150
155
*151
6
121*2
5*2
No par
54
Inland Steel Co
*5*2
*105
105
105
74
1,300
*9*4
24 :
May 1 .100
157
Feb 13
34
101
10*4 Aug
24
,-13,%-Dec
16% Feb i 4
934 Feb! 7
27: Feb 25
.
-Apr
155
2
Nc. Low
37%
33%
J
— ...
1946
j
.
1952 J
g.i...
,
.
s
Dec
Dec
31
High
36%
"31%
D
J
32 X
♦7^8 series A extended to
•*
*Dep(8lt receipts
,'
i
Dec
11*4
3% Jan 28
6
6*2 Jan
21
*
No par
55*2
*20*4
'
*20*4
5%
5%
6*8
6
121v
433s
4318
6*2
*5%
9*4
6
21*2
*5*2
6
6%
10
18% Jan 27
Mar25
42
32*4 Jan
2% Jan _
10% Apr 21
preferred........».-lOO
Ingersoll-Rand.
600
.
4*4
Jan 27
8-
.
May. 13
12
Industrial Rayon.No par
"""766
78
55*2
55
9*4
9%
105
105
22»4
*150
2:55 ~
21%
700
7*8
2234
*75
75 ' * 75
'
■"'/ 40
11%
.11*4
*6%
*22*4-2284
55*8
9%
10 Ug 105
120 -121
43i»
'43
55*s
9*2
9i2
6
6
6
*120
55*2
3%
*3
*150
155
155
55>2
56*2
984
5512
<
240
38
*37*2
3*2
400
13
13
14
•
5% Jan
Co.,.-100
6% preferred series A.;.-100
Leased lines 4%—
100
y RR Sec ctfs series A..i. 1000
Indianapolis P & L Co.No par
Indian Refining.....,^
10
Illinois Central RR
1,300
5%
5%
,
*11%, 12
*6*2
7*8
i
7*2
2234
77*2
2284
-
80
*77*2
11%
v
:
38
*3
3*9
11%
*67g
*155
.
13*4 1*13
37*2 *37%
13
38
1
3
2284
77i2
2284
22»4
2284
*75
3*2
*6%
11'4
*634
,
T
1158
3'*>
584
*5%
584
584
dk- Asked
Bid
IjOW
—1942
*I)epofiit receipts..'
-•
•
,
Jan
%
*4 Nov
1% Apr,13
Friday's^!
■
Price
♦Deposit recel pta...... i.
«•
Curtis
57g
584
*1334
*37*2
Sale
7
' i
Ended May 15-
Range or
Last
P
.
,
Jan
15% May
4% Apr
■V
6
1358
*57g
1358
k. 1
.
♦Cuba Nor Ry 1st 5}*8
.%, Jan
'
'
6
BONDS
.
>
share
per
■■
-
*534
'7
Y-, STOCK EXCHANGE
N.
...
Railroad & Indus. Cos. (Con.)
100
■
%
j
Lowest
'Highest
"Lowest
16x«- ,14i«
*3%
,
1
share
per
'
K-*"« £ '.,Week
Shares
! 5
(1941).
t EXCHANGE
Week
~
May 9
Saturday
Year
On Basis
NEW YORK 8T0CK
;
Range for Previous
Ranoe Since. Jan., 1
of 100-Share Lots
crnnK <
Sales
sale prices
and high
AWMHUW*W*i*«*Mi¥nWWt
tUs&b«'to'-
t
51%
...1963
D
50%
49%
1st A ref 4 %s series C .——.1063
D
45%
45
.47
75
75
Joint 1st ref 5s series A
140
125
7
...1950
J
11
Dec
17% Sept
t*Ind A Louisville 1st gu 4s..:. 1956
J
*23%
25%
x20%
Dec
Ind Union Ry 3%SseriesB.. 1986 M S
108%
108%
384
Dec
May
32% Sept
12% Jan
Inland Steel 1st mtge 3s ser F—1961 A G
104%
104
104%
28% Jan
28
Sept
Inspiration Cons Copper 4s . . ..1952 A O
Interlake Iron conv deb 4s ...—1947 A O
101%
102%
6
101%
101%
101%
35
3%
19
21*«
Dec
24*g May
171
June
Ind 111 A Iowa 1st g 4s
""2
12
31U Sept
176
Aug
For footnotes see page
1905.
trrv'l.'UIIIIIIIIIIII!
t
Volume 155
V
Number 4073
"
NEW YORK BOND
bonds
Range
Last
si
.
Week Ended May. 15
iSald;
3*
RECORD
NEW YORK STOCK
^•8
or
Friday's
Bid
Price
Asked
LOW
Range
<3
Jan. 1
Railroad & Indus. Cos. (Con.)
Low
t{
Inter-Great Nor
V
♦Adjustment
r
4lst 5s series B._i
1950 J
Mat g 5s series G.ii.;....vl956 J
•
1st 6s ser A. 1952 J
6s Ser A.
_
19
J
79
5
17%
17%
'
,
1 Internat Hydro EI deb 6s*:.* 1944 AO
<
!Internat Paper 5s
103%
103%
105
& B. J..1947 J
Ref s t 08 series A
i
Af
......1955
'
'
J
8
t'
f ■"<•>';
I
ilnt Rys Cent Amer 1st 5s
B....1972 M N
1st lien & ref 6 )4s :% txs
-v. 1-947
Int Telep & Teleg deb
g 4 348.-.1952
>
•
—
F
Maj 11
May 12
$ per share
33%
*1%
? *16
ls8
1678
r
'
53
t
85;,
*16
54 %
96
-
10"8
.10%
454
*1
*9778' 102%
%l
48%
96
95%
43
49%
96
-
*1012
!•
•
•
!■ •';
v.y.»■
-j
U§»K C Ft 8 & M Ry ref g 4s.1936
:
♦Certificates of deposit.
)
■
1078
86%
86 %
40
5
46
;45%
O
0
87%
f4
88-
,
(
71*."
53%
52%
59-/- -64%
67% 74 i
109%
108% 110 y
44%.
*24i8*
25
1
r 63
,6a..w
"
64
70
J
>.
Plain.-**..1961
J
*90
j
*83%; "89%
m"
4)4s unguaranteed.........1961
J
j
38U-
80
185'!
;
95;
-
J
*100%
104%
!
i.'-'v
1
-Ir
& Toll 5s ctfs.
"99%
1959 M 8
Y/ ■!" 'I
f
■
-10%
24
1078
39%
107
J
7
*1%
••
%
*57
21*
*71
66%
*5 .'
22%
' 5%
*62%
22%
*5i,t
!*21%
3
;24%
23%
,
*25'
23%
23
26
-
42%
13%
73^
2%
2%
/'
*67
112
51,i
24%
500
24%
1,000
23%
'112
: %
*16.
59
700
1,400
>»•'
500
500
%
*■*
66% '66;
66
112
700
104
V
98
*98%
1
} * Ref A ext mtge 5s
_;
1942
'Certificates of deposit
Coll A ref 534s series C
.1953
Coll A ref 5 34s series D1960
y
Coll tr 6s series A..........1942
82%
100)4
100%
100%
18
f
Coll tr 6s series B
100%
100%
100%
17
100%
.
f
100%
"82%
1942
Lake Erie A Western RU—
20
82
93
72
1947
•97%
3)4s registered......1997
97%
6
95
1
97%
81
3^8...1997
83%
76%
5
v
■'
77%
•
76%
*10
i
.1954 /
J
Lehlgb A New Eng RR 4s A. .1965 A 0
•Lehigh A N Y 1st gu g 4s...'; .1945 M 8
Lehigh Valley Coal Co—
40
35
78%
78
96%
70
'""280
80
8,400
■
12%
*12%
50%
5s stamped.
*80%
.1954
f
s
80%
'1st A ref
:
i.
8 f
6s..
¥
1974
5sstami»ed......,_
Leh Val Harbor Term
,
a
;
*59
.2003 M N
4 )4s stam ped modified —
f,- 4
registered^ i^i.4--J- .2003
6s stamped modified..*.*— 2003
j
|
t
i/N
Ltbby McNeil A Libby 4s."
Liggett A Myers Tobacco 7s *.
Little Miami
40%.
.
1940 M
unified 4s...
*
8
5s debenture. .....4....^.. 1951 F
A
.
Lou A Jeff Bridge Co gu 4s
94% >
.,36/;.
82%,
32
.
»
1st A ref 4s series
..2003 AO
3%s series E-... -.2003
1950
Unlf mtge 3 )4s ser A ext..
1st A ref
O
A
112% 115 f
121% 123%
11
102% 103%
91% 97 ,■
15
9
•4
92
•
1
»145
108%
1
105
j; 103%
100
„
24
Paducah A Mem Dlv 4s.. ..1946 F
A
'
08
87%
*81
83
«
104
"107%
101
84
80
j
83
Marlon Steam Shovel
8
J
86
18
9i;
108%; ill
A
McCrory Stores deb 3 34
4-. 1955
McKesson A Robbiija 3%s._..1956
r
*
v
r'
40%
f
100%
101 y
;■«
87%
Michigan Coh^ol Gas 4s : ; .4.
l§*MldofN J 1st ext 5s,.
t{*Mil A No 1st ext 4%s.
.
_
_
103
J
♦1st A ref gold
n
48.---Jw.l94A
J
«
J
-
D
M
• ■
4
f
w
,105%
41
-
35 %
64%
4 %
,4 9->.
♦Ref A ext 50-yr 5s ser A—•—1962 Q
57%
68
32
*v 8 34
18
{♦1st
cons
-
9
; is H
12 34
■i
13^
1%
:h.
'1334
534' -r 5)4
„
♦25-year 5%8....'.u—.—.1949 M S -1--:-;
I
,
series B...-__1978
i
'•
'
t
J
J
"10
;
■'
-X *10
YK "r
85%
-
-;
For footnotes
see page
1905."
tfk
5
1
-65%
'
iu
.>■
14
Feb
30%
24
Dec
37
4%
•
13
17
Dec
88
Dec
Apr 27
105%
Dec
1%
1
"
7
% Ja
94
Sept;
Feb
Mar
118% Sept,
Mar
123
115
Aug
113%
Oct.
Dec
39%
Jan'
35%
Dec
43%
Jan
21%
Dec
30% Aug;
5%
6
Dec
Dec
10878 June
42% Mar 12
1 .'j. 29% Mar 2 5
8 % Apr 2
6% Jan 2
07g Apr'23
12% Jan 30
21% May 13
25% Jan 20
2% Jan 3
3% Jan 20
50
Jan
2
63
Feb
4
Jan 15
17% Aug
Dec
77
112
117% Feb 10
119
MarlO
110% Jan
Oct
July
Aug
1
3%
Dec
12%
91
15%
Oct
%
1
1378 Jan 19
Jan
7
-
Jan
7978 July
Feb
; 9%
26
278 Apr
%
,
Oct
4%
Dec
52
Jan 16
24%
37
Jan
112
Dec
3% Jan 13
67
Mar 4
105% Mar 18
2878 Jan 27
par
Jan!
Jan
45%
Mav 13
12
8
38%
125
Nov
109
Jan
Jan
177„ July!
Mar
34
Apr'
9%
Dec
5
107
'
2
May
8% Dee'
29% Sept
42% Mar 26
Feb
Oct
Feb
23% Jun 14
16%May
Mullms Mfg Co class B.....1
$7 preferred........No par
Myers (F E) A Bro
9%
1%
Dec
Feb
4% Jan
2
Mar 27
31
61 ~8
Apr
109
Nov
4
112
Dec
34
Jan;
15% Nov:
74% Sept.
9% May
f
49
May 6
106% Apr 30
No par
46
13% Mar 2
'69% Jan 6
lll%Mar 17
5% Jan 20
i;39% Feb 7
7
-11% Jah
12
17% Jan
24% Dec
4% July
74
July
18% May
'
Munslngwear Inc.....No par
Murphy Co (G C)..„.No par
5% preferred
.100
Murray Corp or America.. 10
Dec
Feb1
8%
51%
Jan
Jan
42%
3%
T
.
5
.
%
60%
'
4%y
300
7,500
7%
13%
2,700
4%
878
13%
110
46
62
200
7%
1,200
600
*70%
74
33%
71
71
*30%
*70%
*39%
7378
33%
,
33%
Vh
7%
7%
;
)■
•: 7%
20%
4 20"
*101
*18%
102% *101
25%
7% 4 7%
25%
s
5
41-
13%
878
13%
79%
95
33
'
*32
33
*32
3**16 1%
%
*'ie
.
I
46
H%
'
*8%
:9%
343i
*
•34%
4%
26%
42V; 42V2
8%
f;
10%
•
*89%
90
5%
.
5%
*•102
104
: *8% -
36
*31
;
*1% ". 1%
*22% 26%
♦8%878
+
10% Sept,
3
5
3%
Dec
25% Sept,
207g Septi
8% Jan;
58%
Dec
12%
Dec
Mar
*
9378
Jan;
19%
Sept'
?778
*1%
*23
'
i
.
261,,
120
: ;
York
Central.:..No par
5% preferred....4..No
pref..-..*-50
nou-cum
50
INYNH&Hartford....100
Conv preferred...:.—100
N YShipbldgCorp partstk-.l
Noblltt-Sparks Indus Inc..:.5
600
Norfolk A Western Ry__._100
80
Adjust4% preferred..100
5,800
Dec
Feb
68% Jan
778 July
16% Nov
Feb
6
41
Feb
68
Feb
5
43
Feb
75% Sept ;
5
0
2
Dec
5
8%
6%
Dec
11%
Dec
978
10%
Dec
6%' preferred series..;.:.50
44
Jun
,'i
5
14% Feb
27
90
75
Mar
'2
Apr 97
MarlO
35
Jan
}*
109
Jan
JO
30% Feb
16
12
22%
5%
Apr
Jan
2
19%
Dec
109% Jan
?
42%
4212
400
10%
10%
91
5%
5,300
;.v 30
12
23
23
10
Northern Pacific RyJ.*_ —100
39
Apr 29
27%
July!
45
Jan:
7
Dee
Dec
Feb
15% Jan!
18% Aug!
47% Aug,
Dec
24%
25
Jail
8%
J?
8
4% May
54
Jan
26
% Jan
27
2% Jan 27
% Mar 41
%»
Oct
2
7
23%
Deo
19
Dec
}4
179%
Dec
215
109
Feb
119%
17%
58%
57%
30% Jan
23% Jan
Jail
Jau
8
Apr
Jau;
Sept
18
Feb
115
Janj
116
Dec
Feb
192
Jan:
Jan|
5
«
18
,
Dec:
31% Jam
IDs Aug1,
110
15% Apr29
Mar 20
108
Mar 10
6% Mar 31
Apr 25
79%
45%
109
2
39
July!
10%
15% Feb
May 15
Jan
3
Oct
Apr;
26
SS»
1578 Jan
6
Feb!
110
Apr
106% Mar
3 51
2
Nov
Sept!
17
69% July
31% Dec
105
? 17%
22%Way i4
North American Aviation...1
7,009
11% Jan
S 25%
143
5 H. preferred series:50
10%
7
% Jan 14
>
8%
9% Feb
% Jan
North American Co:....-.10
600
44
7% Mar;
Dec
4
32%
'u
;
Dec
42
3% Jan
May
32
N Y Laok A West Ry Co.. 100
427g
j- 427,
•
2%
6
70
27
15
79%May 15
88
May 4
N Y A Harlem RR Co.....50
300
v
118
8%
par
Deo'
30
12% Apr
39
Apr
10% Jan
4% Mar
12% Apr
.No par
5
July;
36
6% Jan 28
16% Feb 25
24% May 14
7
Apr 15
N Y Chic A St Louis Co... 100
1,300
1778
8"
77g
102
Jan;
24
Feb
63
,
22% Apr ' 7
7% Apr 28
4'i X'i-y.■
18% Apr 23
{N Y Ontario A Western..100
22%
147
*110
New
409
800
3% Jan
53% Feb
Jan;
,
Dec
Jan
71
preferred....No par
154
Nov
14%
26
Jan
28
6% preferred series A.-.100
«4
147
conv
44
octj
Dec
112
Jan
June
115
Feb;
42%
Dec
60
%i
Jun
*u
Jan
196%
110
46
9%
10% Jan 5
52% Jati 26
3 5$
Jan 27
Dec
50% Apr
x50% Dec
t
Aug
Oot
1%
Feb
%
Jan
V
35
Sept
32%
Jan!
Jan
Oct
Jan
Jan
Jan;
t'"'.
10%
89%
>5%
89%
104
'18%
*1%
•
.
8%
8
33%
.
*31
*23
*89%
5%
*102
104
5%
*102
87g
34%
*3,5
22%
*16%
$5
160% Dec
7
Jan 20
AprU-^
7
6%
New York Air Brake...No par
Jan
176
138
.
17% Mhf 17
35
5%Mar
NYC Omnibus Corp..No par
""loo
1%
110
*43
'•
%
1%
147
110
j.
•8%
*32
.
Feb
Apr
Dec
146
May 11
2% Mar
..No par
...No par
900
'.v
n32
22%
16%
16%
778
8%
44%,; 4 .4
S
32
%
52
NehiCorp
10%
V
147
National Tea Co
Marl?
Natomas C0...-.-..I.N0 par
1,200
:;
95
32
..
5)4% prior preferred_r. 100
6% prior preferred..... 100
New York Dock
11,,
'
22%
17%
HO
y 10%
11-,
8%.
*
22%
3
'44
10%
•
•147 -i-147
*109
%2%
*40
>
•
79%
*80
33
1%
22%
i 17%
11;
*33%:? 35'
*11%
82
*3u
/
5
*80%
23 3
22%
2278
2278
i778
1778 "1778
148% 148% *147 s 152
?
13%
*78
•
87«.
41to
95
.X
200
*4
82
1%
11,300
*41
*80
;
7%
12%
*12%
*78
33; 33;
600
5
95
*%8
*40
7
200
25
*4
40%
82
V8%
7%
17
168
May 14
10%May 11
46
May 15
N'port News Ship A Dr Dock 1
102
*12%
*80
'
Jan
16% Sept
8
Sept:
Dec
11
:
16% Jan 12
Jan 29
:
4
Newmont Mining Corp....10
Newport Industries...
.1
1,609
12%
National Steel Corp.
'25
National Supply (The) Pa. .10
$'2 conv preferred.
40
104
7%
13%
41%
13%
129
4?4% oonv serial pref...100
Newberry Co (J J).4._No par
5% pref series A
100
20%
*24%
7%
*12%
1%
io78; IF
7
13%
41%
13%
*78
.8
11
Dec
12% June
1
72
■
1178 Apr 25
May 6
"""160
""140
7%
24%
*
44L
Dee
Dec
3%
Jan
Jan
17% Jan
9% Apr
14% July
4% Jan
:
Jan
145
11
1,100
1,000
102% *101
24%
*4
13%
115
60
par
Neisner Bros Inc...i.1
*19%
7%
20
95
' % 8%
60
6
*30
1%
8
600
300
■
2%
7
*578
7 82 'i
44% ■'44%
3,300
46;
*2%
5'
,14%
115 : *109
3,000
2,500
*1011; 10%
7
*12
*109
preferred.No
3%
Jan;
18%
175%
Dec
778
*
29% Apr 28
1% Aprl6
44%May 14
conv
Sept
7%
Dec,
itlO
■
22% Jun 27
14%May 13
National Oil Products Co. 1.4
National Power A Lt..No par
$4.50
Jan
11
16% Apr
;
•
3% Ap; 28
1
Nat Mall A St'l Cast Co No par
V
13%
'*17 *
1
National Gypsum Co.*
600
57«
*sl«.
.149
14% Mar 17
_
150
*45
l4lo
-%
23
8%May
17% Apr 24
Nat Enam A Stamplng.No par
300
1078
*U%
*»16
1 6% preferred...
10
Nat Distillers Prod...-No par
300
"""180
52
2-
i
%
23%
"2",606
'v
9
Dec
1278
15
4% Jan
,
7% preferred A...—...100
6% preferred B..:
100
47
*2%
5
>*
;
Dec
Dec
160v, May
6
Feb
Jan
Dec
6%
13%
5% Jan 26
Apr 30
9% Jail 17
1478 Jan
5% Jan 14
9% Jan 24
!
2
May 13
12% Apr 30
Dairy Products
No par
National Dept Stores.-No par
5%
15
2
Jan
2%
166% Jan 14
<3% Jan
7
5
7
6
Jan 19
'16
11
,
Nat
National Lead Co........*10
10%
*7
42%
j ;132
Corp No par
National Can Corp.,110
Nat Cash Register.4..No
par
National Cylinder Gas Co...l
5
8% Jan
:■
12% Apr23
5,700
47
6
*4
*1%
4100
13%
*146
*48
48%
*12%
lS32
7% preferred.....
Dec
6% Apr
Jan
19% Deo
5% July,
23% Septi
23% Jan
Dec
3
378 Feb
6% Apr 29
May 5
140
May
Nat Bond A Share
il%
2
5
14%
13%
18
•
13
200
*12%
"25
National Aviation Corp
js.5
National Biscuit Co.....:41ft
2% Apr 29.
5
3,309
14
102
5% Jan
preferred.......10
378
*12%
•
conv
66%
13%
150
13%
*31
600
0%
3%
13%
13%
*146
7
7%
1%
3,900
_.l
Nat Automotive Fibres Inc-.l
Jan
*6378
661
2%
13%
*1%;
1,100
4%
1478
19% ' 19%
16%
16%
3%
>
7
7%
*%«.
■
100
*4%
*8%
8%
*12 ,•■'
*30
V
*7%
13%
16%
*378
66%
11%
*12%
42%
13%
5
*78
90
33
"
4,800
'
37g
52
7%
14%
700
15
14%
19% ' 19%
6638
150
13%
42%
*12%
80%
80%
25%
*4%
15% May 14
;3
Apr 24
13%
13%
25 r
13%* 13%
5
National Acine Co..
200
*12%
21
2078
102
102%
124% Feb
300
74
33%
*7%
20%
13%
*31
-
-
1%
*1%
26
*23
•
Northern Central Ry Co.-.50
Nor States Pow $5 pref. No par
1; loo
8%
33%
10% May 13
85% Apr 14
4% Jan 2
-
30
100
Northwest Air Lines j._No par
8
26
Prefer+ed..
—
.
-
4. 4... 50
Norwich Pharmacal Co..2.50
38
I
Jan'20
1
2ft
-
Feb 18
i
8% Apr 28
r*8%r 878
*8%
87g
*8%
87«
300
1 xV%~
7%
f
22 v ' 22%
6%
*21%
67g
6%
678
8,900
Ohio Oil Co....
1,200
Oliver Farm Equip.:..No par
17
Jan
2
4%
4%
22%
4%
4,300
Omnibus Corp (The).....1.6
"2% Jan
2
59
2
"396
Oppenhelm Collins....No par
2,100
Otis Elevator.No par
».
Jan
6
j 96' Jan 31
7
; Jan f7
108% Jan 49
i 11% Jan 28
31% Apr 27
Northwestern Telegraph—50
Norwalk Tire A Rubber No par
1%
2
Apr 14
Apr
14
Mar
Dec
93
July
3% Dec
107
Dee
10%
•
■
7% June
34
-2
% Apr 6
25% Apr 44
10% Jan 6
2
%
,
21
7%
17%
98
Jan
Sept
8%
Aug
113% Nov
14
,
Oct
Jan
40% Nov
Dec
i.2% Jan
27% July;
13% Feb
Dec
Dec
'
i%.
;
■7
4%
*70
!;-7%
678
221
2212 •22%
4%
■4%
75
3%
*69;
-
-
7
%.
"
221»
'.
"
4%
4%
'74
23*
4%
74
*69%.
4%
*69
,
72
.
'
*67%
22
22
4%
74
4%
*371,
.
74
:• 3
3
*278 I 3
-'278
278
*2%
; 278 4 27,
13
I3r "?,"13%
13%
13%^ *13% 13%
12% 13
12%
12%
?"135% 137% *135% 137% *135
137% *135% 136
135% 135'4 *135
137%
5%
,5% % 6%i r538 4 51
5%
5%
"5% " 5%
5%
5%
5%
i
54
*51
54%f 54% ■54% *52% 54% *51 "*54
537fi
*52%
t *53
*16®4
*16% 19% *16% 19% *16% l'Jio
19%, *16% "f. 19G *16% ;19,
t^2% 46,-1 *42% 46
*12% 47% *42% 47% *42% 47% *42% 47%
♦
117
*117
,;4J*ir7
*917
*117
*117
*3.;
3
'•
6%
:1%
66 -
678 '.i 7
I *21%
■\
:*
*8%
)•' 5% Apr
2
149
>
4%
*15%
i"
2
1,700
*13
7%
13%
13%
4%
6
3'i
149
4%
'1% Jan
•3% Jan
17
6%
6%
13%
*30
N
NashvChatt A St Louis, x.100
*
40
'
"
.
•
2,700
100
'
f
45%
47
1
46%
47%' -.-47— -4734
For footnotes see page 1904.
46%- 47
—45
-AS"
-
45%
l..No
par
8% preferred A.100
...
4
27% May
3% Feb
5
Jan
71
33%
O
?
4%
•
♦1st A ref 5%s
16
9% July
July
' Aug
82
Dec
21%
7% Jan 14
101
23% Apr24
Motor Wheel Corp.........5
Mueller Brass Co..::.
._1
37
v
9% .14%
93 4 9% JA%
*79
9% 414%
667
*12%
*70%
7%8
20%
t/*!%"" U%f
*1%
1. *22% 26%'« *22%
•i; 8% :8%i;
8%
6%;': 9%
2 34"' " 3 i
13 H r 1234.
13 H
1334
Int44—1938
Dee
30% Jan 16
2
par
Morris A Essex...........50
Motor Products Corp..No par
29
•; i%
5s-44—41938
cons 5sgu as to
5
54
Nov
8% Sept
Jan
109%
70% Mar
*29% Jan 15
;
Preferred series B...N0 par xll'2 May 7
$4 preferred series C.No
102% Apr 28
par
$4 pref series C (stpd) No par
101% Apr 25
Montg Ward A Co Inc.No
Morrell (J) A Co
No
Apr
578Mar23
Apr 1?
110
101%
2078 Mar 24
?
15% Sept
110
5% Dec
2
2
v"7it Jan 2
1% Jan 2
12% Feb 27
66
May 15
par
Dec
Dec
Jan
9% July ;
37% Sept
45%
"
37
,
•
.
i
65
'
•1st A ref 6s,series A..:..-__1946 -J---J
$4.50preferred......No
9%
103
3
Jan
32
8% Apr 28
par
Dec
7
Feb
Nabco Liquidating Co. No par
Nash-Ktlvlnator Corp
5
;
15%
v
*6%
13%
14%
7
*578
6
90-'
*88
91
*88%
*883% 90
5i2,
5%
5% ■L 5% "•••; .5% • m
*102 "104
*102 ' 104 * *10"?
104
•
({♦1st
Mo-Kan-Texas RR....N0
7
Jan
60
..No par
Dec
Mar 24
20
100
5%
*6%
15
14 ,4
.-
■
149
*13
•
*3
0%
6%
131,1
*146
19%
*2%-
i'i
7
*578
•
67-
38
\
3 :
96
-
13%
4%
.»
*11
r.
104% 107i
F
15*M StP ASS M con g 4s Int gu'38
6%
6%
'
i 52
2%
*678
;
42%
*80
••.
-
57)4
'r'i % •v/ 7 34
r
7%May
77
Mar 11
2
_..4.___.10
6 '
2612
5
9,709
2%
20
15%
3%"r 3%
"16%
'48%
52
»•
69
61
35%
.27 )4
*
*18%
V. 878
"
13%
49
'
7;
102% *102
8 4 8.
t 44. * 44
'*41
; 40
-
105 >4
'
27)4
35%
J
M N
M-S
20
15%
■
234
3
*12% ,13%
71% '71%
*31
33%
;
109%,lil%
*
70
55
*63
"
8
J
104"^-"
i
D
:'y' 5%
-13%
■Ml
6
6
7%
149
104; ^-105%
*62 W
:p:.%
200
•
•52
13%
:l l ifts
', 69 ■ 4
93%
05M " -95H
63 1.4
-
1963 M- iS1
1940 A O
1939
♦{Con ext 4 %s;.
1939
t*Mil Spar A N W 1st gu 4s. .1947
1 {♦Milw A State Line 1st 3%8.1941
{♦Minn A St Louis 5a ctf8._-,-41934
:
♦8%
t *17 °.;i778
68%'88%
;jy>
-
"3",606
32
*2%
6%
7%
J.
66%
*1078 .11%
*2%
6
13%
f
88%
'i'i
»
.497;
98%
■
*85
485
.
$6.60preferred
Mission Corp
Jan
108
103% Jan 19
108%May 14
100
.........
5%
2%
715%
'
Michigan Central—
Ttef A impt 4i%s series C.-'-.19,79 J
5
*18 r
14%
*146
*47
*4%
;
98
99%
•'
-»,
..
Feb 28
Aug
25%
*
13%
150
10%
*sl«-
*
,
409
...
*30 >
4% \n%
-
1
37g
68,
13%
52
25%
7%
*12%
! *32
"
.'*«
|
53%
30%
41
*98%
-98%
.•
>
; >
'■ <
Jack Lans A Sag 3%8i..—.1951 •m a
1st gold 34^8.; ..i.—. - i
.
1952 M N
49%
2%
'6...
:
£15]
434
13%
7
-
42%
67 4'.
"87%
100
t
7>4
y
55%
,
43%
*103%
104-'
4101%t-l04%' ,*< -2
Metrop Ed 1st A %s series D.—1968 M 8 -4-4; 11L%.-.111%
-2
58
58
Metrop Wat Sew A D 6%s.—.1950 AO j' i
1
t§*Met W Side El (Chic)4s...1938 F A
8% *•: 8% - .;8% x -2
■'
3
7
.
26
i
*20 ....89
*27
O
-
:
'
7%
4.
♦
-
*146
'
13%
;
47
AO
J
4%
H78
*
149
*13
50 1
52 V
20-
I02i2,
!,
3
k
79,185%
..53%
49%.50
49%
J
f 6s.x..1947 A O
•Stamped-—i-.—i-
e
•'
15
*47 '
8
20
;
110
M N
{♦Market St Rj' 7s ser A..Apr 1940 Q A
(Stamped mod) ext 5s...4—1945 Q A
"
7%
f
52
Manila Elec RR A Lt s f 5s^..l953 M 8
Manila RR (South Lines) 4s...1959
t§4Man G B A N W 1st 3%s..1941
230
106% *106% 108 | *106% 103
108
*106% 108 a;l06
106% *105
24%
25
25%
25%" 25%
25% 25%
25%
*24% 25%
*24%
2 5% |
;
106%
iv
8544,4,85%
v
4
•
32 j;
10%
10%
*678.
*5%
V
52
-
1%
,53
*2%
'i
M
85
300
13
49%
! 106%
P'-i-
D
2%
53
13.4 i 184% *132
134% *132
134% *132
134%
14%! *14%
15
14%
14%
*14%
14% : 14%
30%
33
*30%
31
31
*31
31%
>
13,
-134
1%
178 M%
•1%
I7g
l%y 1%
45
45
45% 45% V 45%
45%
44% 44%
45% 45i2
;
4%; 4% 4 4%
4i8
4
4
4%
4% '• 74
4%
51
-
V *25
91
90%
Gen mtge 4%s series A.....I960 J D
Feb 1 1957 MN
500
*103%
32
3
*146
14"
14%"
a:68
69%'
133 *. 134
*12%;; 1334
■f- *71
72
f*29
33%
lio
*109
Manatl Sugar 4s s f
*2%
148
,
7%
4
«
,
13%
J
49%
600
22%
*2%
*51%
*12%
2%,
13
300
10%
*22
53
7%
*10
5
32
5%
4%
v
*14%
4%
*47
93%
101
-,
*.....:
Atl Knox A Cine Dlv 4s....1955 M N
Dec
'
3
14-
7%
*30%
15%
46%
i *45
86%
105
104%
4r
:: 33
v
105
*104
8
1945 M S
93%
14
St Louis Dlv 2d gold 3s... ..1980 M
Maine Central RR 4s ser A....1945 J
148
■.
15
13% -14
*145% 150
[;}' 4%
:
10%
.104%
108
*107
-
-4%
68 4
? *45%
106
4o'
J
Joint monon 48.4.-41052 J
'
110
18
-
.
J
Mob A Montg 1st g 4%s
5%
32
-
133
*14%
•fv i%'>
122%
84%
79
5
94% 4.95%
*87%
88%
84
84%
J
South Ry
5%
35;.
'
150
; *29
98
120
22
,v'.;.
103%
84 r -4'
1960 J
Unit mtge 4s ser B ext....
"5%
,
i 13%; H
91% 97%
11.2% 115 >
"~2
.
105%
103
94%
O
54
13%
137«
13%
13%
13%
*4%
5
4%
4%
4%
878 "4*858
*8% 4 8'.. 4*8%
119
19%" -10%
19ir:l9%
16%4'161^ *15%- *10%- **1578
67
:
..2003 A
g54
*108%
*2%
5U
;
7%
6
66%
4
1st A ref 4)4s series
a
14
;;4%
19%; 19%
}
106
:.w7
109
105%
103
7%
10%
*48%
*106%
'
147 »
,>l47g
1*15%
16%
I
378 ;-'4
Louisville A Nashville RR—
0
450
*12
*32
*13%
*8-7s" r87g
j* 38%
':40 j
104
*4%,
1
51% 61
114/117%
5
"22
83
109
1945 M 8
I
*132
*112 % 5.113
120
: 120.
82%
109;
..2003 A
13
49
5%
rl47
149
7%' 7%
-13% 1334
;
40%
31
/
94%
95%
94%
94%
1*20 "
1st A ref 5s series B„_
,*12
»49
-
i
■
94
J
17%
22%
*2%
52%
13
;
14
»
*4%.. :478
); i478
15
'its.
94%
Louisville Gas A Elec 3^8..-.1966 m a
2%
58
49%
4
\ *l3»4
—
91'
A
.1969 J
103
*103 %'.---.
.....1949 M 8
6%
6%
t*146
20% -37%
203
.
*104 ;
O
A
39
'17%
7%
^7%
%■; 5% •- 5%
20
20 ;
20 ';■? 20*18% 20
15%
15% -18% 16% a;l5% ' 15%
3 "
3 I k *3% 13% J *3% • 3%
*6 : 4; 6%
6%
*3%
*6%
0%
61"
j 6%
6%
*6%'
:•
6%
638
13:413% ■13%' 13% i 13%-' 13%
-
13U
53%
*116%. * 117%
105%
105%
112%.\U2%
122%
123
105)4
112%
122%
4s stain ped............... 1949 M 8
Lorlllard (P) Co deb 7s
..1944 A 0
ser
48%
.44%
53%
53%
J
0
r:
Louisiana A Ark 1st 5s
19
172
,
29
.
>
52
35
35%.. 38%
*;4.—..,37
geu 4s ser A.... .1962 M N
Guar ref gold 4s..
*6
66%
51
•
O
1955 J
1944 A
I *Long Dock Co 3 %'s ext to. --.1950
I Long Island
42%.
26
"42%
.1951 FA
;
i
62%
58
31%
0
*38
17%
10%
*21%
-
36%
it? N
j Leh" Val Term Ry ext 5sti- _-. .1951 A
•Lex A East- 1st 50-yr 5s gu... .1965 A
7%
10%
22;
21%
*2%
•
"*
*
f 20%
i6%- 16%
*3
t"? 3%
y
*
.2003
35
5%
5l.j
*
26
51
♦i—w
• r
•_
..
68
.
57
64
.
32%
33%
39
*12%
49%
*2%: .".3 i
'
v*20
,
1-
„
*32
34%
4 66
58
66
50% ..49%,
51
50%
4sregistered...;;..;... .2003
I
68
.63%
*59
Lehigh Valley N Y 4)4s«xt*. .1950 j* J
e
j
63%
A
v
:
.1974
gu 5s.«. .1954
iLehigh Valley RR— v. 4s stamped modified..
72
8
82%
—";s:69%
"63%
27%
17%
*5/I4
i
*108%
■5%
5%
5%
5%
i" *2%'
1" 5%.
79 «
82%
75.;
...
80%.
A
.1964
...
pref series B.
•'■t'
f-'A
.1964 F
i'.,, 3s stamped...;.
*106%
3
A
'y
1st A ref
57
10%
is. 22%
278
173s
117%
t7X
*10
7%
*2%
13
*49
80%
99% 400;
1954 F
"26%
13%
16
:6%
78
.1944
f
s
r
*22
17*2
-
*10?'
57
12-%'
49%
*10612
?
5s stamped..
*38
conv
4 )4% pref series G
100
Minn Mollne Power
Impl_..l
79%
91%
67%
26%
39
*38
"26%
14% May
1097g Nov
80
67
27
-26%
40
77%
77% ;
96%
77%
78%
77%
*2l->
49%
81
40
J
.1954 J
Cons sink fund 4)4s ser C
10
22%
2%
57%
97S
; 22%
2%
1
.
1st A ref
lOU
'7 *32
Dec
*7%
t
Lautaro Nitrate Co Ltd—
.1975
17%
7%
{ 5618
3
1
♦iwjt mtge Income reg
Lehigh Coal A Nav s f 4)4s A
17%
*7%
22%
22">8
2%
i
17%
7%
*7i,i
t
97%
■
1778
j[*17%
'•
88
81
27 X-. 27%
*38 ,4:, 39
27%
Dec
Dec
Feb
8
35% Jan
Monsanto Chemical Co.... 10
10
8
.12%
103%
Jan
•
21
Apr 15
24% Apr 28
5
Apr 17
12% Mar 12
16%May 6
88% Apr 30
var
Jan ;
Apr i
' Jan
"
,99
85%
72%
85
70
100%
83
100%
70
*38 -; 39
"100%
98 4
99"
85%
;•*•■ 85,...
•
40
*38
.
\
5s extended at 3% to
>Lake Sh A Mich Sou g
82
251
100%
*98%
....
I.V
99%
4
"26%
4%
Jan
278
6
14
Mar 12 ■172
23
1st pref.......loo
2,000
.
27"«
26%
I
7%* preferred series A...100
Mohawk Cirpet Mills......20
112
*112% 114 *112% 114
*112lo 114
104% 104% 104% 104%
104% 10514 105
105%
6
pref........50
909
1,700
•
66%
*111
cum
107
56% Sept
Dec
90
12% Mar 23
108% Jan 30
7% Jan 14
66
>..^.....5
Mid-Continent Petroleum..10
Midland Steel Prod....No par
8%
28
Dec
8
5%May 14
94
Apr 0
1
Minn-Honeywell Regu.No
15% Dec
9% Jan 2
May 13
Merch A Mln Trans Co.No
par
Mesta Machine
Co.......:.6
Miami Copper
y
1,400
9%
*%6 '■■..• %
2%
2%
13%
13%
*9%
2%
1378
112
62
*56
*»!«
200
conv 1st
6
Mar
1
32% Jan 19
21%May
4% Jan
5%
40% Dec
3
102
preferred......100
share1
per
7
2
May 11
Melville Shoe Corp......
Mengel Co (The)
30
290
28
Highest
share $
108% Jan 6
17% Jan 13
:
69% Jan 22
280
95
108% 108%
*2
2%
9%
'2%
67%
13%
16%
13%
•
*13%
112
200
5%
6% Jan
par
Co......,.l
oonv
6
Mead Corp
...No par
$6 preferred series A.No
par
$5.50 pref ser B w w.No par
80
26
5%
2l,i
2%
*110
500
*112 r115
f4 101%
104
*25
95
137«
'
1,666
7
5%
24%
<9%
.
"
6%
38%
38%
38%
107
*105
107
*56
9%
•
42%
l37g
66%
69
-
*110
9%
% ■'f.< 9i«
13%
69 V -69%
5)4% preferred........ 100
McLcllan Stores
*21%
*2
Apr 17
McKesson A Robblns Inc..18
7
95
.
14
4...1
per
18
Mar 31
Mar
i
90% Jan 28
10% Jan 6
May 12
100
5i8
38%
9
10
100
~
(1941)
Lowest
40% Jun
1% Feb
i
Jan 30
May 15
83
par
600
75
*94
39
Corp.:...^.4.No
2,100
66%
23
16%
•
16^
MoCrory Stores Corp.^,.....l
6% conv preferred...... 100
MoGraw Elec Co....
10%
*5<4
2578
Apr 29
•1% Jan 5
pref .....No par
102%
.
5%
*91% 93
101
13% - 13%
*16 - 416%
2% '• ,2's
*56% 64
.2%
-
*112 4, 115
115
104
9%
2%'
*110 '
?
A ext 5s.1939
$ per share
31
Mclntyre Porcupine Mines..5
*62$)
94%
*16
McCall
cum
McGraw-Hill Pub Co.-No
10%
♦
23
,
S6 1st
Year
Highest
$ per share
;
I
'' 1|
,k.'" Par
May Department Stores
10
Maytag Co...l
No par
53 preferred........No par
100
*71
»5%
13%
*93
64
9%
l37s '13% "13%
68% 69
112
1*110
i.
{♦Laclede Gas Lt ref
Lowest
.*
Range for Previous
'
600
'
28%
5%
241.)
*25
5%
-
-
"""500
7
*6%
*27%
108% 108%
*56%
15%
22%
*24
24%
300
700
75
107
%« "1. *9i«
-
9%
10%
101
06%
.<
107
■t
9n ::
L
ttv,
.'6%
75
•
109
64
10
*15%
5%
93
7
*91%
7%
.
*64
*-2%
V*2%
9 "8
9i2 ..95s
■h
»
1%
4 5%
*38% 39% -•'39
♦106 .107
*106
:
200
*95
10% -10%
102%
•
109
107
16
83
9%
*10
*101
6%
93
:'13%
*38iJ
9%
10%
6% '' 6%
*27%
28%
-
•
"*5J8
*106 ;
j *56 ,! 63
99% 102
99%
2
c
3812
16
■
102
*5%
*91%
.*72%
'26'
*
5%
•.
200
*
*9778 102%
*15
15%
15%
'7
28%
•
102
'
137s ,137s .13% 13%
16%
16% ♦161.1 16%
94 7. 94%
94 -r • 9412
! 10212 102l2
L Pi •
f"
*6%
-
*10
1%
83
16%
84
" *
*0%
10
1 02%
5%
5i8
•
*112
{♦Kreuger
*25
9%
•
*27%
1012
*23%
-
*9%
,15%
7.
16%
*76
500
*1%
1%
35%
1
io%-
;
"*2iV ""2% ""*2% "2%
106 %
105% 106%
103% 105%
;_.-4
104.%
EXCHANGE
•
*33%
35
"
•*95
28%
*33%
*1%
84
,
410-
15%
*0%'
.
26
,5's
"-94
(107
I
86
>,
f
Koppers Co 1st mtge 3)4s
1961 M 8
iKresge Foundation 3% notes.. 1950 M 8
-
28%
10%
*24%
94
O
1st A ref 6H8.-.ii.\.^.iix.l954
43
84%
J
9%
;io,
9%
10
15%
•
*23% " 25
243<
••
5
111% 111%
40% 43%
——
*33
J
Kings County El L & P 6s.___.1997
Kings Co Lighting 1st 5s
,'..1954 J
*76
'
,
>25
;
i
"83 "*"83%
i6i""i6i%
*111%
J
Shares
'
109%"
Kentucky Central gold 4s.....1987
Kentucky & Ind Term 434S...1961
Stamped*.*:.,.1961
J
S per share
34%
1%
16%
*16
102% *102 • 102%
*5%, 6'8
*5%
014
*9112 93 » *91% 93
*7i8
7%
7% ' 7%
*73 75
*72i2 75.
*64
697g '♦04,., 697g
2134 22U ,21% 21%
*5%
.5h
'5% t 5%
*24 24% *24
24.12
5%■
5%
13% .13%
16%
16%
•;
iKansas City Sou 1st gold 3s. .1950 a"6
*
Ref A impt
5s*._:..^.Apr -1950 J J
;Kansas City Term 1st 4s.*....1960 J J
$ per share
34%
1*1%
*95 ; 102%
;7 :
28
1012
,
5'2
5l2
2378' 2378
45%
•86%
O
A
.
$ per share
Range Since Jan. 1
On Basis of 100-Share Lots
Week
10278 *102
57g
*9IV
*
Kanawha & Mich 1st gu g 4a.. 1990 A
.
if. 53%
K
;■-*
*6%
57„
93
{•
*7'8
-7%
*7212'" 75
*64
; 6978
i *21l2 ..22
93 w," 96%
-
May 15
84
1.
,1%
48%
*76
,
10%
28
-
1
.James Frankl & clear 1st
4s..1959 J D
iJones & Laugklin Steel 3^8...1961 J J
.9%
*96
102%
*15l8 *15^
15%
i
*0l2v .7
*27%
2812
-V.'f
•
80
9%
*10i«,
*15I8
I
'
*76.'
»
* r
1*102
|..f.j'
STOCKS
NEW YORK STOCK
the
7
35%
*1%
1%
*16 4 I6l2
34%
1'2
4l6i2
*16
*9%'- 10
i
90% 100*
35%
55%
38% 58%
257
56
4
54;;r
55 X
Sales
Thursday
May 14
Friday
May 13
I per share-
35
*
li2
t *76 -86
!
7
*34
33i2
104% 105%
-'
95%
100
99
si
J
.....
1
95%
loo-
A
J
May 9
S ver share
18%
,21
Wednesday
»
2%
'
Tuesday
I
Debentures 5s.. :
1955 F A
riowa Cent Ry 1st & ref 4U--1051 M S
_
v
.L-.'.J
SALE PRICES
Monday 4-
i-
11%
18%
21 %
29 %
103% 105 t
.78
103%
i
.
Saturday
20%
7
*28
2o
11
r
10
104% y 105,
ser A
RECORD
for
i
High
«•
vll%
1%
81
2i.<
17%
! 17^
27«.
J
No. Low
•19%
1%
17%;
J
03
High
18%
July. 1952 A O -l444_<
-
&
AND HIGH
Since
:
\
1901
Week's
Friday
N.; Y. STOCK EXCHANGE
THE COMMERCIAL & FINANCIAL CHRONICLE
46%L 3,200
6% preferred..*.
Otis Steel Co..
$5.50
conv
-..100
No par
1st pref:.No
Outboard Marine A Mfg
Outlet Co
Preferred
4
par
5
l.No par
.100
Owens-lllinols Glass Co. 12.50
Jan
278 Apr 28
ll%Mar 12
132
;
i
Jan
2
jrl67, Apr 28
44
May 4
13%
Feb
2
Dec
54
Dec
)
Jan
»
28
13%May 7
3% Jan
142
2
51
Feb
6%
23%May
79
i
Mar 20
4% Jan
26
42
6% Jan 42
8% Jan
6% Apr 29
Jan
2
2%
9%
140
3%
Feb
Dec
June
Dec
10
July1
23% July
»10
Jan
104% Jan
6% Sept
17% Jan
150
10%
Jan
Jan
6% Jan 9
61
Feb>9
40% Apr
60% Aug
22% Feb
16
26V Jan
June
45% Dec
120
Marl
ii 38% May 1
43% Apr-254—54—Jaa- 3
56i*
120
Oet
Mar
52%. Dec
Monday, May 18, 1942
FINANCIAL CHRONICLE'
THE COMMERCIAL &
1902
NEW YORK BOND RECORD
RECORD
NEW YORK STOCK
Week's
Friday
LOW
.'STOCKS
Sales
sale prices
and high
for
■>}~Year (1941)'
Saturday
Mil 9
Monday
Tuesday
Mai li
Mai 12
Ma/ 13
Mm 14
Mai 15.
Week
$ per share
S per share
$ per share
$ per share
I per share
9 per share
Shares
Lowest
Highest
$ per share
Par
1
Lowest
Price
Highest *
n
i*Mo411
%rVer share i per share
J
A—.1969
—„1990
RR 1st 5s series
Range
Since
Jan.
High
'
96
*96 *'"100
J
1
High'
Low
Nc
Ji 100
„
D
41%
41 li '•
42-jli
247
30Ji
44 Ji
J
J
Mo Kan & Tex 1st gold 4s
'
Low
1
Railroad & Indus. Cos. (Con.)
i
$ per share"
Week
■
,
Friday's
Bid A
Asked
Sale
N. Y. STOCK
EXCHANGE
Range or
Last 1
BONDS
t "* ' '..
EXCHANGE
Ended May 15
*
'• lv
j
Range for Previous
'»;■<
On Basis of 100-Share-Lots [
NEW YORK STOCK
the
Friday
Thursday
Wednesday
Range Since Jan.\ 1
,
37Y
35 li
24 Ji
4*
29 li-
38 H
31 %
34 %
323
30
20
306
33 Ji
35 Ji
f
5*2
5%
*17%
*
5'2
11%
*16
11
113
131.J
1234
1234
13
1734
*127,
17
17»4
1734
17
17%
25
25
♦25
25%
*25
25*8
*16*4
17
*16%
17
*10
17
78%
79
133
*
79
133% 13334
133
*77
25
IS
11
11
17i2
8
5*2
*18*4
19*2
11*4 1 1184
*13
13*1
17U
17*2
*2484 25
♦7*4
5*2
5t2
19%
19
10*4
13
7*4
714
5's
♦17%
*103,
12%
1H4
1284
*
8's
*5ig
19
*17
11
*
512
19
*7t2
8%
5%
*7%
•'
79
*78
78!2
78'2
135
17's
25
*16
13
16*4
2d
Pacific
109
Pacific Mills—;.
80
*135*2 141
310
*78
—— ,25
Tiw Corp.——No par
301
59
78*2
7
6% preferred. —
----
'■
■
;•
31
Jah-17
>26% Dec
,,3
20
Feb
Apr
40-year 4s series
40
'
j
2'8
2is
734
7
1 '4
95
*23
24%
*80
95
*89
*
95
121
*15
i8u
177s
44
44%
*44
62
"■
62%
2
2
1*8
39
1234
1*8
*35i2
105%
♦104'
*
*15
1'2
4
Apr
148
*12%
*104
20%
*18%
21
20
*37
38'4
20%,
1878
*34
1 4'S
3|
>
126
'•
Jan
147% Apr
JanV'7
13*2
*15
163
'
\
19%
*22%
,
1*2
*15
13«4
*%.
17*2
45
-*44
62
*
61
2
37
/ 37
*%»
193,
19'4
5's
4112
21
211?
23%
*19
♦19
5
5
40
39*2
20*2
1934
1934
J*5
23%
*4
4%
4'8
4'4
4*8
4%
'
5*4
*5U
4's
534
*4',
*5%
*5'4
5*4
534
*5*4
25%
34-,
2434
25'S
2434
25's
34*2
,.*5%
2438
24%
2K
25
34
31
6112
72
*62
62*4
62*4
*98
100
31
*62
34
•"
49
*45
16%
*15%
*97*2 114
*97*2 114
*3*8
3%
*29*4
30*2
*29*4
5*2
65
5%
*60
65
3%
■
*8
9
*8
9
174
174
*135
174
*145
*145
*165i2
♦140's
414
414
4*4
4*4
4%
*50i2
4>8
55
4*4
*50*2
23*8
4i2
55
23*8
24
*2.3*2
*6538
6012,
66%
4*4
57
24*8
67
4'4i
414
*4%
*5012
66 '2
734
*678
"
-
15012
*65*4
*684
734
*159*2
—■
ni
"
1*8
12
1*8
1*8
*1134
*1134
1178
*16
17
*16
17
4
4
4
4
*378
14%
6%
7
24
43I4
13%
6*8
*6»8
I012
*67i2
♦77i2
*8734
*6-18
*22%
4018
23*2
23*2
65%
*6 434
7*8
11
11%
;
*1%
f* 1134
*1%
11%
17
'*16
17
*150*2
•1%
-
1%
1,511
1*2
11%
17
*16
17
378
3%
13%
1334
6*4
6%
334 " 334
13%
14
,
;.
10*2
IO84
10%
r
7
*6%
*22*s
1,409
105
Felt
175
xlS
68
*6634
70
101
*71*2
81
91%
*76*2
♦87%
8)
'105
227s
22s4
7*2
7'2
93's
*90
*83
73s
94
84
84
10%
9034
107
*90
83%
10*2
10%
91*
90*4
106
*105
"
22*2
7*2
10%
:
"
7%
109
7% preferred.—-;-.
131
5,409
23
7*2
42
7%
3,599
—
2
No par
(The)——-J;: No
92*2
300
f
*32%
81
.309
.*•
800
3
166
Aug
.
Oct
181"7 Feb
'9% Jan
05 ': Jan
Dec
4 /
24*2 Djc
,r
43%
?
Dec
1-
75*2 v Jan
15 -'July
>-.'6
Jan
104 ;
Mar
»n May
28",
"13%" Dec
*,
Jan 15
k
14% May
Apr 16
29*4 Jan
17
Feb 16
52.
7|
i.
119
July
"
t7
July
:
21
Jan
8%
Feb
434
1378,
Oct
•13*8
Jan
0%,Dec
-
•
13*2- Jan
■
4034
^21% Dec
150- Dec
3
Jan-6
Jan
115
M arV 4
120
June
*
Jan
61*2 Sept
July
.
>11% Dec ; 29*2
110
'. 75% Dec
111
-
Jan
123*2
137'
Jan
Dec
158*4
Feb
Dec
117*2
Oct
Dec
192
Jan-9
106% l>ec
30
123
Jan
6
J17
415
Feb
2
114 :
-7
82
-
'
*
Apr 28
Apr
*934
10*4
*984
10*2
934
934
10*
*9*2
10*4
*934.
♦934
:
10*2
109
,'10.
IOU4 Jan 2
91% Jan 20
10% Feb 25
1
9%MarU
4
Jan"2
26% Feb
>
Jan
-
29*4'July
KJ934 Dec
"7
■,
X94
■
Feb
•*
Feb
:*
l>ec
;
,12*2
8% Dec
'
12
107% Dec
95*4 Aug
Mar
8334
7
'
8*4 Marti :; 93f.May ;-7
Quaker State Oil Ret Corp.. 10
33J4
31 Ji
30 li
38
3%
3 Ji
151
IJi
426
96
21 Ji
23 Ji
1977
28
21 Ji
■3 H
30 li
MN
;
M N
30
30 ^
3 lli
"
■
31 %
30,"
%
30 li
31 li
30 H
li
32
33 Ji
33
Hi
33 Ji
25Ji
Ji
1
30
.80%
4
33 Ji *
21 Ji
28
29%
30
"fa
:*
"i%l. ":"i% "64
Tj]i
O
A
31 li
30 li
30
30 li
:t././
MN
Pac 3d 7s ext at 4% July '38
Moh'k &, Malone 1st gu g 4s—.1991 M- S\
B....1960
Monogahela Ry 3)<s ser
i
1
Monogahela W Penn Pub Ser—
25Ji" 32Ji
21
.219
33 Ji
;
24 Ji
31 Ji
2
80 Ji
OOJi
12
<f!
>*
F
89 Ji
:89«
48M
48 1-
*48 %
7
45Ji
54
99
H
99 >i
99 li
10
99 Ji
104
109Ji
109
A
4^8.......——..I960
A
O
,) 6 debentures..
1965
Montana Power 1st & ref 334s.l066 J
AO
107H
109}i
1071i
D
101 li
101
J
J
J
1>
1st mtge
"
■■
90 li
ext..--1951
109
14
107Ji 112Ji
103 Ji
38 %
38 vv
39
MN
41 %
4
>4s series B—-.1955 MN
Mountain States T & T 3J4S-.1968 J D
37 li
37 li
!
3^8.,-.2000
6sseries A.......1955
& Essex 1st gu
Oonstr M
Constr M 4
43 Ji
46 Ji
31*4 42 Ji
106 Ji 108Jg>
35 Ji
108Vi*108!i
MN
Mutual Fuel Gas 1st gu 5s.... 1947
*112
84 Ji
35Ji
"
<43
38 %
Hi
106
82
86
lilorrls
HOJi
19
'
'104 %
*851*'
IMontreal Tramways 5s
t
'
...
112
' 116
112
,
N
I
j
1.
4-.
.,..
\w
•'•*(• j1
■; '.jv
Nash Chatt & 8t L 4s ser A...1978 F A
1960
Nat Dairy Prod 3 lis debs
J
3 lis
Newark Consol Gas cons
5s...1948
l*New England RRguar
64
103 Ji 105J4
101 Ji 103 Ji
" V103
V]
102 Ji 104 Ji
103
V
1945
66 li
104 }i
-
22
.
27
119 Ji
♦U5v,
56
74 Ji
69 Ji
*
68 :
119 Ji
73 %
56Ji
70
' '•*
71
92
90
v//.l.
♦90li
5s...1945
I ♦Consol guar 4s .... * -
00 Ji
Ji
J01U >102
M N
J
66
66 li
10Hi
101H
S
AO
4s..^..1954
^♦Naugatuck RR 1st g
i 60 li
101 li'
D
M
1949
National Steel 1st nitge 3s.....1965
Nat Distillers Prod
New England Tel &
41is series
B........1961
1st gs
i
;
•
New
M N
F
O
J
,V|
5s A.. 1983
78
J-;J|
A
()
J
D
J
J
120 Ji
107 Ji 1 (Ml Ji
78
.
106 ^
,7
105
107
76%
18
72
80
37
43 Ji
O
♦!«! Ssserles C—„.1956
F
43
A
♦Certificates of deposit.,
j ^lst 5lis series A,....-—-.1954
AO
Oct
12«4 July
8*4 'API
34
41
37 Ji
5
?
47 li
34Ji
50
47Ji
38
49
18
49
39
55
46 li
*45
47 %
52
51
•48"
♦Certificates of deposit..
.
*
*44
"47*^
1
Ji
49
48
/
g
"/
-
r
48
48
1956 v'a
*4
Ji
1 41
47
-
%
43
41.
481i
♦Certificates of deposit...
{,
82
75Ji
0
•1st 4 lis series D
4
100 li
4
'
75 J4
70 Ji
82*4
105*4 107 %
4
107 li
"75 H
A
;
?
"
••
77%
107%
♦Certificates of deposit..
•
124*4
77*4
75 Ji
3
78
v
77%
iOTH
♦ 1st 5sseries B.
,...;..1954
\ •Certificates of deposit..
15*N O Tex & Mex n-c inc 5S..1936
I
I
123 li
77% .//:
9
108H
118 Ji
,
1
i
Orleans Great Nor
NOJpNE 1st ref & imp 4 lis A 1952
New Orl Pub Ser 1st 5s ser A.. 1952
1st & ref 5sseries B.1955
New Orleans Term 1st gu 4s... 1953
;
123 li
A
A
117J4 120Ji
118
123%,
1st 48...1986
39
*75%
lOHJi
118 f
1st 4lis..... 1900
N J Junction RR guar
N J Pow 4c Light
D
J
Tel 5s A..1952
46 Ji
39
70
47Ji
40
45 '
Ji
*
-5214
63
38
52J4
48 Ji
Ji
11
37
48 Ji
*
Newport
A Cincinnati Bdge Co—
I Gen gtd 41is..._...;
..1945
A. .1998
J
J
N Y Central RR 4s series
*100:/ "-t/.
FA
A
A. ^..2013
A
C.--..-2013
A
383
52
'
53 %
231
58
57
H 7
58 Ji
95
O
/
Ref A lalpt 4 lis series
Ref A impt 5« series
Conv secured
.1952 MN
3lis.
N Y Cent A Hud River
I
3 lis registered —
,
48 li
'
J
3lis... 1997 j
;„.1997 j
i
!;
31is
registered.....*.—--1998
F
A
O
debentures--I960
6s
M
J
49 Ji
D
*98 Ji
„
E..—.1900|4 O
M N
1
00 "
>14
71
116J4 H9Ji
116
lllJi 115
79 Ji
00
79 Ji
103 Ji 10 Hi
52 Ji
56 Ji
"57 ji
62
62
83
H6ji
66
J
64 /.
„
.
108
5
3
*100;,"
>r56
MN
J
Ji 101
69 Ji
99 %
Ji
Ji
106 Ji 108 Ji
107 Ji 108Ji
79"
,79 Ji
M N
98
99
•>; 0
107Ji '.*
*111%
M N
93
79 Ji
116 Ji
^ Purohase money gold4s..—.1949 F A
96
*17
04
*107 Ji
SY GasErie—SeeA Erie IIR ./ 1948 vJ , D
A El Lt H Pow g5s...
62
17
98 Ji
79Ji '
Y
194
101 '
100 Ji
0' Ji:
Ji
83
73
>: 36
99 Ji
lOIJi
i)#NYA Greenwood Lake 58.1946
N Y A Harlem gold 3 lis . -2000
N Y Lack A West 4s ser A
1973
41isseries Bl...1973
NYLEAWDkA Impt 5s.. . 1943
49 Ji
/
99 :
Edlsori31isserD-.—/1965 A O
1st lien A ref 3liaser
50 Ji
67
65*4
A--1965
N Y I)cck 1st gold 4s....>--4.. 1951
Conv 5% notes—i—
.1947
1
50 Ji
■
N Y Connecting RR. 3 lis
N Y
57
80 Ji
78 Ji
179%
78 Ji
61
51
52 Ji
*
/';-/'' 5 Hi
O
70 Ji
-
56
*48 Ji
S
A
74 Ji
69
54 li
'"'
*50
A
•
50
49 Ji
wyJ "'"I
56%
.
9fJi
54*4
50 %,
01
45 Ji
22
Ji
70 Ji
51 Ji
'
93
71
i 76
*
*68 Ji
A
; Lake Shore coll gold 31is- ..1998
>
3lis registered. ..'.-..^.-1998 F A
Mich Cent coll gold 3lis
1998 F A
New York Chicago A 8t Louis—
i
Ref 5lis series A...'...
1974
Ref 4lisseries C
1978
1st intge 3lis extended to.—1947
52
75r
75
J
F
50
05Ji/ 9647Ji>49Ji
52. )i
O
50 Ji
95 li
O
10-year
73
50
3^ssecs f.:......1940
;
Jan
I';;/:
'
S
.
5% Dee
l%Mar 19
.Apr 24
Mar
22 Ji
25Ji
8
M
j*Mo
Mar
»■
Dec
3*4
8*2* Jan "3( "V*
8®4 Jan 3/ ;
•
June
10
51.1 Jan 13.
90%May 13
Purity Bakeries..-.—, No par
10%
10%
17
21
par
*91%
83
10%
14% Jan
79% Mar 30
6% preferred. —.j.. —100
5%- conv preferred .. —.100
95
81
'
15. " Jan
t5l"-.03t
14
;
11
7Ji
21 Ji
257
-
29 )i
1975 ~M
.
Pullman Inc... No par
*91
410%
Jan
84'» Jan
45% Feb
5.1% Jari 20
i Fob
99
100
S5.
Pure Oil
> Fob
14*2 Jan 8
9% Apr 14
62
Mar 30 :l 86 <s Jan (4
73%Mar31 a*99*2 Jan 14
100
8% preferred.—....
Pub Ser El & Gas pf
A
—
i'
.-—100
84
10%
22
7
6%M iy 13
6% Apr29
"
91
90*2
♦S3
Jan
9% Jan
Pressed Steel Car Co Inc.——1
...
Jan
8»4
••
3% Dec / > 7%.:. Jan
:
t
«
10% Jaii26
334 Apr 25
201
112*2
*22*9
22V
7%
v
91%
103*2
r
Apr25
clast) B„...No par
—
Jgn
46*2
•'
1741 Mir
6,'
Jari<
70
I
4s.
♦Certificates of de posit
♦lst&ref 5s series I._
.1981
♦Certificates of deposit—
i
C '•',''4.
(The).T—-No par
6% preferred-
*
Oct
10934
734
Dec
104'
'
103
103
22*9
738
92
83*2
*87*4
1»103
*111% 112% ♦111
11134
0*2
163
33% Janv3
1134 Apr 22
16% Feb 10
200
194% 105*2
112*2
61
-July
-23*2- Jao
-
6%' Dec
■V;
7% pf. 100
3,409
70
89'
^04^
19
Apr 22
61
115
*77
Oct
Dee
\2TA Dec
... , 4 %
Dec
5% Jan 14
6% Jan5f
,
Apr28
21% Apr 23
Pub Serv Corp of N Ji. No par
No par
$5 preferred...—
*68
112*2 112*2
22%
22%
May
5% pf (3er of Feb 1 '20). 100
11%
103g
11*2
11*2
Pittston Co
17
2
Apr
4
320
45
■; 44*2
116% *115*2 118
41%-.44%
70
*89
4
47%
5.119
./'.
80
111*8
♦
v
52
Dee
FetT25
25
21
f
46% Dec
.3*2 July
-
2%
9% J an 14
19
7% pref class B———-.100
5% pref class A——.—100
♦Certificates of deposit
•», r'i
Apr 16
5% conv 1st pref..—-J-5
5% conv 2d pref..1—;;5— -50
Procter A Gamble—'..No par
7
24
116
6
Jan 21
W
29
Pr.stal Teleg Inc pref—No par
4,411
6% 7
6%
*6%
1084
'
6*4
6*4
1
14
*22%
7
*63g
24
24
*22%
4 434
4434
4534
41%
118*2 117
*116% 117*2
♦22*8
68-
f
F'eb
13>
i
Feb
Poor & Co
511
'
14
-
38*4 Feb
1-0*4' Jail 15
Pond Creek Pocahontas No par
3%
*334
JL •(
-4% Feb
Apr
Plymouth Oil Co.—
510
\
a;38%
109%
Feb* 6
165
Pit Youngs Asbt Ry
..
1*2
11%
uV.it%
*16
100
7*2
*6%
7%
--
*77
*83
10*8
♦6%
*150*2
18*8
7%
5^% 1st ser conv prpf.100
Pittsburgh & West Va—-.100
30
-
135% Feb
I-,lb Dec
2
-
106
1
66
61
Jan
2% Feb 13
56
Feb 13
26*2 Apr24
'
*6434 -66
41%
,
Ry Co 100
,10
110%- Dec
1Q5*?, Mar
i' 434 May >"9 "/ Aug
77
July
51*4 M"ay
.0.: Jan. 27
; 78.7 Jan 17
Co.—.A
240
400
\i2*» Jan
89% Sept
7
107%Mar23
7% preferred. — .
-—- IOO
Pitts Screw & B>lt_L-'.-No par
Pittsburgh Steel Co.—No par
800
22«4
22
22
•:
4%
4*
52
July
91
Dec
-
8% May
* Dec
";72
i
Pitts Ft Way & Chic
;
4%
*4%
♦47*2
69
6
75 " Jan
5*4 Jan 6
£9*2 Apr 29
Corp.No par
preferred-No par
F
>
.,
20
21
'
«
..35% Dec >47% July
>'40*2' J*"* 14
7634 Jan 30
10% Jan r 7
Pittsburgh Forgings
*68
78*2
*8734
*91
*1012
4's
59%
$5 conv
69*2
73*2
9034
'
90
22
7*2
*6%
'152
-
4%
*47*2
Pitts Coke & Iron
500
174
*155
* 4%
♦4%
0
4*4
59*2
399
•...
.
'
3%'Apr 14
—100
6% preferred —- ——--100
5
Jan
*:
Pittsburgh Coal of Pa
'
3234 Jan 14
lO'sMay 12
05 May 6
30
Apr 27
(1% Feb 25
43 May 2
15*2 Jan 3
par
6 *
-
t-
-
Jari ; 27%'Oct
>7% Apr
;t.5% JDec
7% Jan
4% Dec
; 23%
35%; Jan
Dec
;,6V Jan 13
9
Mar
5
Apr 27
734Mayl3
55% Apr 24
1O0 May 11
Plllsbury Flour Mills..—..25
PittsC G & 8t LRRCo-.lOO
109
8*2
*140
*164*2 '■/—
"4%
4%
;
*8
884
174
""76
52%> July
17*4 Aug
112*2 Mar
j
'
-21
27*4 Jan 17
49
jstery....5
Preferred—100
"
IO84
10*8
*08
79 *2
11%
'16,
117'2 117'2
IOS4
70
lt)4i2 104%
*111*8 11212
2234 22%
7*8
6V
6%
7
24
45%
40i8
*116i2 118
*22's
t7»4
♦140
*4%
14*4
13*4
14i8
14
'
S3.,
174
50*2
4
*114
29
5*2 " "5*2
64*2
'
'
24
7
7
*150
!
16*2
.,v;'3%'' Jari
1 t Dec
34% 'Apr
2
23%. Apr 29
28*2 Apr; I
Phoenix H
2
♦44%
49
*1534
16%
*97*2 114
*3%
3%
*27*2 31
*5*2
534
*00
65
*60 '
*166
.
'4.600
34
Jan21
44 ^ Jan 21
Apr 28
4
7% preferred.—-100
Phillips Petroleum.-i— No par
72
■
-Apr 28
21*4May
Ltd——10
j„No
'
..
Amer..1.6
Phillips Jones Corp.
100
1> Jan
V6% 'Apr .14*2 Dec
V
54*4 Sept
":43'4',Mar
-i 73-v Dec
89*4'Sept
334 Aug
>/l% Dec
Jan
•
4% Apr 30
4H% series... 100
Preferred
100
Dec
Jan
20%
,
19%-Apr 16
Brewing,Co-v.No par
rhlllp Morris & Co
1,099
*1%
- 3%
!
40
fill
33%
283,
'*
5*2
*8
*135
I
9
*8*8
*519
49
"
809
2
30%- Jan
•
Apr
36
Phelps-Dodge Corp.,——-125
Philadelphia Co 6% pref..;50
S6 preferred —-..--No par
Phllco Corp. _i
3
2.709
100
*62"
*3*4
•
*130
63*2
72
*1584
'5", 309
7%
62%
*98
4
,
-
Oct
1 Jan
18
24'i Dec
714% Dec
•
9
Jan "9
Jan ,5
Feb 5
2(
16% Dec
-11*4 Dec
13.12 Feb 19
10834
108% Feb 27
1
2 4!fr ;Jan 30
25*4- Apr
17% Dec
>20
Dec 1 25,- Aug
--23% Jan.6
£4' Sept
<46% Jani5 136®4 Jan
;2'%: Aug
t
r% Dec
1% Jan 5
215 Jan 3 1 l8%\Dec -30*4 July
7*2 Jan 24 l.c,;44%'-Dec ; 11*2 May
60% July
'4l;Dec
I 51'34 Feb , 7
1
> 17 v Hec 1,38
May
29% Jan 24
20
% Jan 3
15isMar 6
;
*
Apr 23
;
2
29
36
17 li"
>18%
107
-
Jan
1
115%' Dec
'Dec
•;-l>:
■
*u
'
:
-14% Apr
_
2012
;
55*2
) 80*2
2%
May
•
Pfclffer
,
Jan
29*4 Jan.: 7
17% Mar ,2
•
100
95*j Feb
.,
2*s Jan 14
J
18% Jan
18*4 Apr
104
r
No Par
Petroleum Corp of
2.009
69-
*734
*97*2 114
39*i
5*2
*60
65
*3*8
•.
33*2
34
2
,
*1%
Pet Milk Co-i
i 17-
Feb
10 ♦
114% Feb ,5
2
1
,
1% July
Jail
"
•'•••!
'•
♦Certificates of deposit-/
1. *lst & ref 5s series G.1978
♦Certificates of deposit
♦Conv gold 5^8-i——-1949
i *lst & ref g 5s series H. ;—.1980
37*4
May
99
'15% Feb
May 15
11
-
371
489
24%
33*2
4*4
'60
6*4
33*2
2,
5'»
5i2
*60
61i2
*1%
*45
16
*5*2
.
72
*02
45
10
6't
5*9
"
22
4%
5«4
*
7%
6284
9934
*98
30i2
30i2
j
5*4
*5*2
45
1.03
i 33%
34*8
*1*8 ■'.2
3334
-
♦61
72
♦62
34
33*8
63
-734
62«4 : 62*8
*98
'•
6*8
72
*62
r
*33
*57-
7%
734
*62*2
,
2
2
*li2
) ♦1% 44
41
*43i2 45 I
16*8
16*4 *16
*16%
♦97% 114 \ *97l2 114
3*8
3*s
*3's
*3%
♦29%'
8%
7
33*4
33i2
33%
65-
33*2
*57
65
8
100
109
6%
*G'8
34*2
*58
87s
62i2
*62
101
*95
60 ;
8%
87«
6H2
8 34
34%
69
i
61
*5S'2
2
209
5*»
40
*5*4
■
13" 409
20
*1834
♦4*4
534
24%
33%
209
191
20
4*s "7 4*4
109
1 '4
*39 •'
22
**19
"8", 609
1934
*34
39V
20*2
*19
20%
18%
51- ','■*5
41.
23's
1051?
18-84
18*2
,
21
39*8
*20
23%
1834
18*2
1*4
♦34
""590
11
38
il'g Jan
37%May
Penn-Dlxle
Jan
10
Jan
7%
K'V'ii 'Feb
Jan 27
J00
56*2May 1,
1% Apr 14
Cement.'—No par
A—No par
Penn G1 Sand Corp.—-No mr
5%. preferred..
;/—;-100
Pennsylvania RR.-—..—i50
Peoples Drugstores Inc.. — .5
Peoples (I T, 4 CC (Chic).lOO
t Peoria & Eastern Ry Co—100
Pepsi-Cola Co-.-———— — 1
Pere Marquette Ry Co.—.100
5%~prior preferred;-.1-100
5% preferred
—100
_
$7 conv pref Her
38
38«4
5'2
*5
49
21
*19
1*1
Penn Coal A Coke Corp.'!
209
♦18
:
-
-10
209
39
21%
19®j
*37
1.109
*1*8
*35
20*9
20*4
18*4
*
19%
38*2
1,299
..
Enterprises. 10
Penlck & Ford;———.No par
Penney (J C) Co. ——-No par
Patlno Mines A
"
39
Co—..2,50
ParineleeTransport'n—No par
¥,000
238
11*2
21%
Parker Rust Proof
"
62
62
l' l
1*4
39*8
*5
5
40l2
3,
18
45
It
113,
105% *104 " 105*2 *104
♦34
Parke Davis A Co.--.No Pdr
700
•
May 8
1% Jan 2
19*2 Apr.29
1334 May 14
1 6uMar20
13% Jan 2
44
Apr 15
Consol Mines..;.!
Park Utah
Jan
Dec
3 Hi
"
15
Inc.—1.1
Park A Tllford
1.319
3,109
13%
2% •'*1%
*34
I2*i
*36%
lit
*84
187s
!•%
39
preferred—'-—--100
l'l
17%
*44%
61*a
*1%
6% 1st
934" Aug
Deo
.11914 Dec
Feb
Jan
•4%
■'*,
3%
'9
8% Jan
26
«
ll®4 Apr 24
100*2 Apr 23
Inc.—-1
Paramount Pictures
300
•••>
; .1% Jan 27
20% Apr 28
90
Mar 6
4% convpreferredJ——-100
17
1334
45
'
1
i-1
22i,
1%
21%
17%
*1*4
*35%
*1134
12*4
21
,
95
*
34
61»4
2
,
2
♦11*4
40l2
5
24%
Paraffine Cos Inc —J—No par
1%
17%
*44
39
1%
19
Panhandle Prod A Ref——
-
10,<i'ABr 119*4
"1%
6
'32ji
AO
1967
*lst de-ret 5s series F;.:'
\
J
S
1% Dec
4% Dec
.C.
.
>J73g Jan 20
May U
Jan
2
7
Pan-Amer Petrol A Transp.
1334
»4
IO512 *104
105% *104
21 's
2084 21
21%
20
187s
*18'4
*18%
*S4
109
309
209
6.100
2
il»4 Apr23
'
•
1%
17
*K
62i4
*1'4
38
13,009
7*
'
J- J
J
A.1965
♦1st A rcf 5s series
■"
■! ♦Genera!
Aug
:
5% Jan
2*2 Jan
t.
1% Jan
Airways Corp.5
*1
22*t
13%
Pan American
2»4 Jan
5% Jan
♦80
17-%
45
*35'2
12%
♦37
II4
18»4
1*8
39
12%
Packard Motor Car. J—No par
14
.
*7
-
*114
*35*2
7.900
1*4 Mar
Paclftc Western Oil Corp.-:
•'
95
l'l
'"22
138
22
21%
13%
1SU
178
17
1%
22
12
*61'2
*2
*80
Pacific Tin Consol'd
2*8
2
1,409
3.309
13
13%
13*4
13% 13%
13*2
*104*2 106% ♦104*2 106*2 ♦104*2 105*?
17
*1*8
22
62'«
2U
62
95
*81
13'2
13'2
1734
*
1%
23*4
Corp.—1
10
1%
5*
1U
5*2
!
*13%
%
18
44
♦17%
*12%
*80
|
14'2
1378
5*2
2*8
13%. 14%
♦7
7%
'1%
1%
*22%
24*?
1412
*1%
23
25
22
22
14%
14U
*'2
l'-l
-188
2
.
-
*7
7*8
*23U
l's
*1*8
1*8
22>4
1-%
5%
.
'
17
*15
17
1*8
22
14*8
♦1*8 '
10534 10534
11512 105i2
*15
|
1334
13*8
13*8
13*8
2's
*7
1*4
2H2
*1'8
*23iS
1%
2
14
♦1'8
7
*
-
1414
1434
14t2
14*8
14%
2
*7
1*2
514
2%
*5U
2lS
2
514
1*4
5*2
1U
I'J
534
1*8
*5'4
1*2
5%
,J,.
> *
■'
Missouri Pacific RR Co—
Jan
•
1934-Aug
Dec
95,
'
1*2
5%
tcum adjust 5s ser A.-/Jan
i
•
11v- Feb
18's Feb 25
Jan 2
101-
J
A.._----rl962
B..19.02
.J'. Prior lien 4^8 series D-;-:.1978
25*4' Nov
Jan 15
■»
15-
Apr 25
74
100
--*<.
f
Prior lien 5s series
12-% Sept
734 Nov
«•
,20 '
3
13*4 Jan
—No par
Teleg-.-i.-100
Paclfio Telep A
7%1Apr
T%- Apr
10 -May
4'.t: Apr ..♦lSSgNoy
e,.;t 6%
Hoc ii 11*4 Jan
it 7%: Dec
28% Jan
13
5
Jan
4s:
21*4 Feb, 3
(
15% Apr 28
22% Apr 27
Pacific Gas A Eleotric
3.820
8% Jan 27
6*4 Feb 3
•
9*4 Apr 27
preferred.:——No par
(Ca!):10
Pacific Finance Corp
1.201
17%
25*
10*4
17*2
♦2434
Pacific Coast
729
ll'n
13
141
*135
100
113S
16*2
78*2
13534 136
135
440
- 19i
*18
6% Mar 27
4% Apr 27
16 -Apr 28
Inc.;..5
Co.---------H
1st preferred: —No par
Pacific Amer Fisheries
8
5*
*7*4
"5*2
-
Mlssourl-Kansas-Tcxas RR—
r
,
8
*7%
62
:
100
*103
59,
61
103Ji
'
-
'
■
;
ft'
!
jN Y New Haven A Hartford
'
234
47*2
2%
47*2
*82
102
*82
*2*8
2*4
*15*2
*884
*2434
*
1234
♦26*2
*20*8
16
9*4
25*2
13
27
21
234
2%
*47%
4734
*82
102
2%
4734
102
2*4
2*8
2*4
*36
39
*36
39
*36
2%
*47*2
15%
884
*2434
*1234
*26*2
*20*4
15%
1534
8'
25
13
27
21
8*1
25
*12%
*26*2
*20*4
234
2%
2%
47%
47%
47%
102
*82
2*4
2*4
2*4
39
25
13
27
21
16
*15*2
16
*26
21
^
~
conv
1st pref-.No oar
'
401
6%conv preferred......100
Raybestos Manhattaii-No par
Rayonter Inc. — .—.——.—1
—
2
37-
-
39
"
16
709
834
25*s
201
27
26
20%
201
21
21
J
209
preferred:.....—.-125
Company———50
4%- 1st preferred .4—.--50
4% 2d preferred.---- —-50
*1*2
10*2
*6*>8
*10*4
7*2
178
*1*2
2
13%
7
11'
71;
*1*2
*50
55
*59
55
*45
*1034
13*2
*10*4
2
*8%
11*2
7*2
7%
11
7*2
7*2
*1*2
55
♦51
13%
6%
11
678
*11
2
*1*2
54
*1*2
51
*10%- 13*-
*6%
*1034
11%
I'll
7*4
7%
1
*6%-
*6%
*1984
*69
75?
7*4
63
03
*59*2
63
*60'i
63
*60*2
63
*61*4
63
♦40
44
*41
44
*41
44
♦41
44
41
41
*41
3!
*3
♦2%
3
3
*2%
3
17--
f
15%
15*?
1.5*2
15%
15%
14
95
95
95
95
*95
98%
*95
72
434
71*2
71*2
*70
72*2
*114
*53
6*9
♦75*4
*4
119
434
434
*114
119 j
*4
59 j
6%
76*2
4*4
58%
58%
6*2
6*2
76*4
4*2
1434
78*4
3
101
22*2
22%
22%
35
35
35
35
*678
*6%
7%
7%
4%
18*4
734
* 114*8 118
*57
59
Reliable Stores Corpj—No par
Reliance Mfg Co.—......:
*3*2
18U
*7*4
♦32
*
38
'!•
*6%
*2%
Reinington-Rand...
-
J
11
10
1
27% Feb
I
77%
4*4.
23
22%
23
38*2
35
35
*35
1
76*4
*4
6%
*6%
7
*6%
*6*2
7*2
4%
*6*2
*3*2
7*2
*3*2
4%
*6*2
*3*2
6%
18*8
18%
7*2
*14*2
7*2
38
1
%
%
For footnotes
1734
7%
see
page
*34*2
17*4
7*2
36
* s 11
1904
1
*1734
7*4
31*2
t634
77*i
4*4
*4
22*4
-*35
7
4%
634'
2
50
Apr 30
"
4
4*8
23
22%
*35
3034
7%
*3*2
4%
18% '*1734- 18%
7*4 **7
7%
41
34% ♦33
*'u
77
7634
%
-
•
-
6%
*684
*3%
*17«4
7%
*30
♦»i«
/'Apr
- Apr
8
t
148
Republic Steel Corp ...No par
13%May 14
170
6% conv preferred ..——100
6%-eon v prior pref ser A. 100
Revere Copper A Brass No par
7% preferred.-'. —100
5!4% preferred-.-!——100
Reynolds Metals Co J.-No par
5 44% conv preferred
100
Reynolds
909
10
230
500
77
4*8
3,500
23
Mar
38% Jan
Rensselaer & Sara Rll Co.. 100
00
36%
6%
7%
300
„
4%
•
000
IS
7*4
800
10
41
"95
-
100
'»
24
-
\ t♦Harlem R A Pt Cb 1st 4s.
Jan
>33%
34Ji
J
J
AO
20 Ji
3 Hi
11
34 Ji
61
48 Ji
19
59
19Ji
30
19
19
34 Ji
10!)
23 Ji
43 Ji
63
40Ji
3Ji
34
"40 ji
39 Ji
4
60
59 Ji
•
11
f
61'.;
MA
J
35 Ji
26
32 Ji
Ji
Hi
6%
6 Ji
654
10
39%
:
D
.1954 MN
May
4
37 Ji
39 Ji
319
4
1
53*2 -Dec
'
34 f
61
3 !i8——1963
{§*N Y 8usq A W 1st ref 5s_.:: 1937
100% Mar
M4*4 Dec >2234: Jan
96 "Adg
101*2 Feb
2
5
80
22
173
61
.
8 Ji
,
4Ji
80
"
36
21 Ji
73
'J
J
J
71i
V
1%
♦Terminal 1st gold 5s
•
-
„1943
*:
itf
Ji *' / Hi
109%
103%
*101
*
•4."
41 Ji
80 Ji
93 Ji V'
♦
103
103 Ji *1 5
V75
38
14 Ji -<
;
MN
15 Ji
93 Ji
129*8Mar' 3
t 74" V Jan 20
*-77.,
>
Dec
4% Dec
97
-
.1
97 tr Apr ;129
"
> 60
-8% "Jam 5
i 85*4 " Jan 19
1 4% Jan- 5
Apr
v-6%- Dec
75% Dec
i
Sept
80*4 Sept
45% JUly
-
95
*
4^
K
♦
22*0
•v- 61.
^
,
*10%
Dec
"■
,>
Apr
2*4 Dec
-
8%
Jan
'53%': Jan
Feb >12*g> Aug
-9%
b
.'
.
Jan
.534
Jan
Nov
: 14% May 121-
r.
July
Dec 134*41 Jari
49'4 Dec
«7l4
.
,
Dec
„
1434. Aug
48®4 Jan
i »u Dec V" 1 ,;Aug
42 * Nov ;
f
'
0
p
M
.
18 Ji
15*
93 Ji
9Ji
;
75Ji
2
J
'J
J
J
MS
'fife
108
183 V
r 109 Ji
103% 1103%
*25
:
lOOJi
7 Ji
109 Ji 110
101 Ji 103
♦in:v
"iooji
.
3Ji
108 Ji 109Ji
"4
109
f
AO
MN
*10854
-:V1
5 Ji >• 6Ji
Ji
Ji
1 •*■
Norfolk Southern Ry Co—
vv-,
■A 1st mtge 4lis series A..—/. 1998
.? *Gen mtge 5s conv lnc..:.:2014
$5'Norfolk Southern'RR 5s A. 1961
J ,fJ
A
North Amer Go deb 3 lis /.: /.: 1949
24 Ji
<
F
A
*
*
IO2V
25*«£
125
73 Ji
*'" 25 54
•"' 25 *
Jiv126-'
-101 Ji
■
-102
i Debenture 3ilis.i....v.;'.:f._1954 F A
10 lJi
-101 Ji
A
103 Ji
■' 103 Ji
I Debenture 4s.......—1—..'1959
i
'-T '/ ■>'
''
F
-.71
73 Ji <"
O
FA
Norf A Western Ry 1st g4S—.1096 0,A
For footnotes see page 1905.
106 Ji
38
14 Ji
12
'•
'
29
14
'*
N YTelephone3lessor B ——1967
J;5*N Y West A Bost 1st 4lis.. 1946
Niagara Falls Power 8lis...:: 1966
Nlag Lock'A Ont Pow 1st 5s A/1955
Niagara Share (Mo) deb 61ia. -1950
Jan
Jari
11
:
48 Ji
109% HOJi
104 Ji 108
'18%
18
2 Ji
39 Ji
";,104Ji
34 Ji
7%
Hi.
3
.109'4
103 Ji
'*'T(
„
45
*38 "J*
i } »2d gold 4 lis
1937 F A
1 S♦General gold 5s.1940 F A
4
6 Ji " * 7 Ji
1
•
-
6% Jan>3
27*2 Jan 27
Aps23
Reynolds (R J) Tob class B. 10 ";r20
35 May 6 j.54" Jan 27
Common...:
—.4.10
6% Apr28 i:*9{ Jan 15
Richfield Oil Corp.....No par
1 ("8% Jan 10
0% Apr 30
Ritter Dental Mfg..:.No par
.;5*4 Jan 2Q
334 Jan 6
Roan Antelope Copper Mines.
10
Fcfb 19
19*2Mar20
Ruberoid Co (The)..—No par
10% Jan27
7%May 5
Rustless Iron & Steel Corp. :.l
.47, ..Jan 2
34%May 13
S2.50 oonv preferred.No par
,u h Apr 27
*4 Feb 17
^Rutland RR 7% pref.—. 100
'
J.J
J
N Y Steam Corp 1st
Apr
•r
6
N Y Rys.prlor lien 6s stamp.i.1958
334' Dee
•
D
Y
9*2 July
12*2 Jari
D0c
2% Dec
r.
J
SY A Putnam Lt A Pow 34s— .1993 MN
Queens El 1st con gu lis.. 1965
Nov
10% Nov
67*4 " Jan
7% Apr
«-
8684; Jan 23
§7
6% Dec
'-9% \A0r
■"'
Ml
A
No?
,
Jan
4% Apr 23
109
Apr
{♦N Y Ont A West ref g 4s—1992
♦General 4s. ——————1955
2% Sept
53K' 16
.h:
19 *
Aprl'/
May 14
f6%Mayl3
75% Apr 2J
*3% Mar 9
•'
'
%
;7f
-
4*4 Jan 14
ii >
70% May 14
-
Spring—-J
tconv deb 0s. — — ..——. .1948
.1940
tfiwfc0ft*
! ♦Debenture 4s—
.1957
1 *lst A ref 4 lis ser of 1927— .1967
,
22% Mar
r
Feb-2
1
6
2®4 Jan 2
300
Dec
J
19 Ji
33 Ji
33 Ji
32%
33% ' *35
35 Ji
33
/
;
^8...
2734. Aug
Dec
J
34Ji
32 Ji
'
33
AO
♦Non-conv deb 4s..———. .1956 MN
..1950 J
J
♦Con v deb 3
p.
■
34
8
.1947 M 8
^ ♦Non-convdeb4s..../.—.
29% Aug
18*2 July
-
K.Dec
1
•
10*4 Feb .a
117*2 Feb -2
12*4 Feb
1
9;% Jail 0
200
95
Dec
-10'4
Jan-7
Reo Motors y t c.„
Dec
22%
24,099
13%
95
.
'
<:
1 19%
80
13%
98b
0%
♦
■7*2
Dec
23
2
,61
jr55
Preferred with warrants. J25
'
309
3%
70%
70% *69% 71*8
4%
4%
4%
*4*4
4*2
4*2
114
114
117
*111
*111% 117
58
*♦57
*55
67
57
57%
1
6%
6%
6%
6*2
[0%
6b
*4
834
'
23% Mar 11
'
6% Apr21
lO^Marll
i 7%May 5
to
713„
23
23%
-
Dec
3
9
1
133,
13*2
*95
114%
15%. Jan 28
39
1,309
,
'
434
♦7634
14%
98*2
71%
Jail 28
26»4 Feb
,
*71*2
484
'
RR-
..1947 M
| ♦Non-conv deb 3Jis........ ,.1954
.1955
'J Dec
334 Jan
55*2 Oct
21% July
18*2 July
Dec
38*2 Mar
J 11% Jan 16
11% Jan 13
Jan 15
Real Silk Hosiery..——6
1
3*«
2
88
—
♦Non-conv deb 3 lis
•
591
43
♦59
3*8
Jan
; 47*2
.
9
4
Preferred.100
Reis (Robt) & Co 1st pref.. 100
11*2
7*4
*60*4
>
-----
13*2
6%
*1034
11
*7*4
2
51
51
.
1-3*2
0%
*1034
62*2
♦Nou conv deb 48
Jan
>.,) t
-2
*51
2
Apr 24
24% Jan
20%May
'
*
23
Apr124
Apr
f 4%
-2'4
:
,88>; Apr 25
>
3*4 Jan .2
46% jan
15*2 Jan
8
Reading
•
Apr 25
Dec
Dec
V 85:; doc
3% Jan;; 6
k54% Feb 5
233i Jan
11 % Apr 16
$3
401
12%
2% Mar 6
46% Apr28
8S
...-1
Radio -Keitb-Orpbeurp
1234
-
J3.50
$5 preferred B——-No mr
21
•-
-
.
25
"127?
♦20%
Radio Corp of Amer...No par
709
'
2*4
: ii
*8*4
25*
*25%
*12*4
1234
203.,
102
*36
♦8%" 8%
2534
*25*s
♦12*4
*26%
*20*4
900
*2%
*39
*15
<334
*8%
2%
*36
47*9
*82
102
2*8
39*
*36
1534
19
*82
2®4
4,599
47%
2%
47%
2%
.v
'
21 Ji
74%
20 Ji-
23 Ji
28 ri
125Ji 1283i
lOOJi 104
lOOJi 103 Ji
"102
104%
Volume 155 *' Number 4073
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
"BONDS
N. Y. STOCK
EXCHANGE
Week Ended
Last
.'!
Range
Sale
North Central
gen,<& ret 5s
Gen
Arenas series
•
g 5s.-.1945 A
•*
O
99
share
per
25'2
4sregistered.1997
74 H
J
J
74 H
$ per share
44'""
May 13
Flay 14
May 15
44
43
~5V4
-
'66 H
49
S per share.
I per share
.
72
"85
%
54
'
$ per share
$ per share
58 X
57 X
•
F
':'53X
57%
•
■
♦no
J
J
*\mxi
Northwestern Teleg 4 Xs ext... 1944
no %
»
109%
* 17S
•7%
7%
*3V
8%
•"
4%
-
•
12
24%
8I6
*3%
:
*'2
>
1
''as
34
11
n
■
58
:."'ii.i.'
...278
44U '45«84
684
*28
78
30
*28-
*19
%
11
11
2%
*2%
45%:
6%
6%
-
1972 J
107 H
'107%
m%
108%
108 %
109%
J
108 X
107""
102"*!
'
*103 X
584 :J 57s %" 578 '
*53 • "56 1 *53 •.
108%
108% 110%
*458
107
108%
?
32^4
2»4
102% 103
117%
102% 102%
■; 6
107
*23
2
111
& Nav
4s...1961 J
107^
107%
.7
3
■
Otis Steel 1st mtge A
4^8... ..1962 J
107%
111-
J
111
*111
;
"i05:"
105
111%
-105%
•97 Ji
97
98%
J
J 08
%
8
*""20
10
1,700
""i)66
Seaboard Oil Co of Del. No
111
-112%
104
106%
'hi
213
78%
*23
25
-8%
*54%
56-
2%
*54%
*5%
584-
9,400
17'
98%
900
'PacificCoast Co 1st
88
g 5s..-....1946 ZD
iPacific Gas <fe El 4s series G...1964 ■I D
•1st & ref mtge 3^s ser H-..1961 5 -/ >
1st & ref mtge 3X» ser I.... 1966 J D
1st & ref mtge 3s ser J.-_i_.._-1970
mx
'
88
*107 v
92
\:J
6
6
02 X
-
99
99
25
85
•93
107
10S
103 K'
*105
101
9
99%
102%
44%
101%
91
1%
.1944 J
E trust ctfs
L
.1952
Pa Ohio A l>et 1st A ref 4 X* A '77
4 lis series B
1
Eight 3 Jis... .1969 F A
4lis debentures.....
.1974 F A
cons g
Consolgold 48
ioi%
1968 J
Del>enture g 4lis.......... 1970 .4
_
Conv deb
—■„
.
'Peoples Gas LA C ref 5s
102%
108%
*6
73s
*6
105% 108%
*7% ' -,77s
20-
90%
119
88%
88
98%
—
98%
84%
85%
O
85%
-
44%
'5%
:
70%
'
70%
:62%,
61%
•62%
105
105
.' ^
J*Phila A Read C A I ref 5s...1973
•'
*Conv deb 6s.
*108
J
1
89
37
3%
J
■
1
56%
58%
;1%
1%
2%
-2%
*35
60
23%
-
V
2%
37%
31
3
2%
*89% 191
89%
*'4 ■-'.: >%
••%
*1
•
*7%'
2(H4
;
104
27.
";6
Series F 4s guar gold....... 1953 J
SeriesG 4sguar........ —1957
l>
,
Series 1 cons 4)is..........1903 F
Series J cons guar 4*is.....l96l
A
If N
Gen mtge 5s series A——..1970 ./
31
-4%
i
-
Gen mtge 5s series B...-—.-1975 .4
110
24
218
5
Gen 4^8 series C-.-u
.1977 J
J
Pitts Coke A Tron conv4%s A. .1952 ,w s
Pitts Steel 1st mtge 4
1st mtge 4
%s
1950 J
%s series B
.1950
/
2
41
"98""
"27
1%
2%
97% 102%
■;
'
*1
1st gen 5s series B.
-. .
O
"434 r*3%
'
22 i,'. 22
'
A
h
,
_
i
105
108%
'109%
98
•'
.1960 M &
1st 5s extended to.
.1950 J
Potomac El Pow 1st M 3%s... .1966 J
Pressed Steel Oar deb 5s
.1951 J
t*Provldence Sec guar deb 4s.. .1957
.1956
Improvidence Term lBt 4s
J
97%
"62%
61%
62%
62%
62%
.
"(50% "64%
60
60 .1
*4
27%
*25
25%
*23%
*46%
4734
"5«4
3%
.5%
3%
47%
5%
*3%
4%
; 14%
4%
4%
*44%
-27
48%
5%
3%
*4%
5%
:
'.3%
12
%
*30%
34 :
108—
108%
90
3
80
*83%
J
*110%
.2037 j' j
45%
*143
7%
80
108% 110%
v.. r.
-
'•
Public Service of Nor 111
3%s. .1968
Purity Bakeries s I deb 5s.
216**" 216"
109%
101%
108% 109%
104%
AO
.1948 J
«
104%
103
*218
J
225
105
-.4%
700
1,100
1,900
4534
200
180
4%
12
4,200
1,700
1
300
Superior Oil
JOt
100
\1
*9%
9%
.
*20
*20
2034
20%
4%
*3%
4«4
22% "22
*3%
21%
z22%
22%
Remington Rand deb 3%s. J-..1956 \JX J
Republic Steel Corp 4 %s ser B.1961 F A
i
Pur mon 1st M.conv 5%s_..1954 UN
Gen mtge 4%s series C-..-.1956 AfN
For footnotes
see page
1905.
77%
77
100
103%
ioi%
6
4
Jan
15
13%
Feb
7%
Dei-
18% Nov
10% July
2% July
Feb
9
8% Jan 5
2% Apr29
15% Jan 16
2
Dec
He
13
Feb
*13
June
120
26% Jan 26
144% Jan 27
20% Jan 10
Aug
16%
5
*10
Dec
Dec
13's Jan 20
18 s Feb
5
35% Jan 24
8
Jan
12% Jan
5
11% Feb
19% Feb
23% Mar
50%Mar 24
1% Jan 5
3% Feb 6
Apr 21
May
"*4%
4%
Sweets Co of Amer (The) 12%
Swift A C0.-..-....J
25
International Ltd...^..
3,900
1,700
Symington-Gould
22
Mar24
'Jan
3
54% Aug
6
3
31%
49% Jan
Dec
31%
Feb 11
114
Dec
Feh
Dec
lit
47% Dec
6
Dae
Jan
108
June
Ja
i
75
78%
77
45"
.82
1'
5
67%.; 76%
77 "•
.82%
77
82-
100%
102
102%
105%' 106%
26
97% 101
102
1 04%
15
104% 106%
102
35
101% 104%
*
102%
1% Jan
% Apr 25
14
27% Jan
23
25%May 9
42
Apr 21
6
5%
Jan
126
Jan
15% Jan
Apr
1%
6
Dec
9%
Dec
16% Nov
3
Dec
Jan 26
19% May
.24% Jan 28
16% Dec
3%. Dec
25
20% Apr 30
19% Mar 11
4
9
3% Ma.-
-
117%June
3% Dec
12% Dee
3
May
Dec
Dec
4%
3%
50
3
7
21
13
3% Apr 9
Dec
3% May
5
1% Jan 14
17% Feb
Dec
Dec
4%
5% Jan 14
1334 Jan
Dec
29
61
5
5% Feb 21
55-% Jan 9
1 • Apr 28
9%May
1
Corp....
25% Mar
33
Feb
33
4% Jan 2 7
ll%Alay 13
.
17% Mar
5
6
Jan
5% Jan
Dec
Dec
10%
4J% Jan 2/
33% Jan 3
34% Jan 16
56% Jan 0
25% Apr 28
Dec
8 %
.
22% Feb
Mar
%
111% Jan 14
13% Jan 14
Apr 28
30% Apr 21
18
,
% Nov
%•« Jan
Mar 26
5% Jan
5
~
*32
33
*4i.i
5 "*
*4%
5
4.%
'*1%
"
*32
33i
200
5
33
33%
-34'
> 1%
>7%
7%
7lo
7%
1%
7%
32%
*2%
33%
"
32%
32%
28%
,2%
28%
*2%
28%
512
2
28%
5%
<
1%
32
2%'
'
1
1%
1%
7X
33
:s%
5%
4L
4%
2%
"7%
>36%
*3-%
-
*31 '
-
5%
*19'4
*2%
45%
>3%
3%
*83 '•
I
'
88
-
'
»jr,
' 8-%
*83 "
-
.28% :28%
2834
33%- 34 ". •'?, 33%
4%:
■AX
■
%
1-0
8%
8%
88
*85
7%
38%
100
Thatcher Mfg Coi
*2%
' 2%
""166
*4 584
4934
150
3%
3%
200
J
34%
33%
32%
1 4
4
4
*
*10%
*10%
11%
15.o .1' %
1
65" v •; 63%- 63%
"
65
6
«
*11
11%:
9%
9«4
*22'". ••22%
'
r
'•*8%
'
9''1
11
%
65
:
,
: *5%
'
6%
834
'
*534
*11™ 11.% >11
•"
„
9%
9%
22 -
22-'
9
4%
*31
-22'- '/ 22
3
-1
*2% "• 3"
3734 '437.x 1 3734:
5%
r*5%
..." 5%
•;
•
37
* >
31
31:
8«4
834
34
<
.....No parx
^100
Preferred.....
%
11%
9%
9%
.....1-
$3 dl voouv preferred-. ...10
Avenue Ry........ 100
Thompson-Stairett Co.No par
<8% Jan
8%
'-'<*8%
88
8%
*83
28%
27%
32%
33
"L700
28%
82%
33
4
4%
<8^4
•8%
•:
12
4,100
88
28
"!-7«
Third
4%
7%
4,400
4's
2,100
1,800
8
*10%
12,
5%
$4.50 conv \tcet.....No par
Tim ken Detroit Axle..-...10
Tlmkea RllerBearing. Ao par
Transamerlca Corp.........2
,
Traiisue A Williams St'l Ac par
Trl-Contlnental Corp
1
61%
61%
220
6
6
6
400
$6 preferred.....^..No par
Truax-Traer Corp
No par
Truseon Steel Co..........10
2V,700
20th Cen Fox Film CorpAo Par
*11
*%
*11
11%
9%
1
9%
11%'
9%
22
9%
*21%
*2% ;
3,400
22
400
2%
2%
200
35%
5%
35%
5%
351
5%
700
31%
31%
32
8%
8%
*2%
'5%
80
92%
9%
10
'11% ,12"
*106- 110
♦39
*14
-
31%
31%
81%
8%
8%
8%
,8%
"
"61% ,'64%
91%
>19
*11%
*106
24%
'24%
27
26%
91%
'70%
12
110
'
24
26l2
93
93%
92%
»34
24
25%
24%
27%
93
.9%
9%
9-3,
11%:-1184
Wll%
11?(
*106
108
-224
25%
24
24
25%
25%
92
292
24%
25%
91%
8%
92
12
12
12
12
108
*106
1,400
"""446
$1.50preferred......Ao
var
Twin City Rapid Traa.Ao par
7% preferred
...
100
;
Twin Coach Co.
39% "39% "*33
,39%
.17 J '*15 A.417,*15%.. 17,.
;
93»
39
39
M06
108
*106
{ 39
39
*89
114% <14*8
*15% ,17;
V 14%: 14%
For .footnotes see pfige 1934.
%
14%
39%
17
>15%
%
15
lli6 Feb
2
2
2
2
Jan
Jan
Jan
Dec
Dec
9% Mai
9
5
95% Aug
27%
Feb
6
37%
Dec
0
4
Dec
2
8%
Dec
4% Jan
10% Feb
.
6% Mai
12% Mar 17
Jan
2
67%Mar
2
60
Jan 19
4
1
11
6
Jan
%
7
7
Feb
24% Nov
5
0
5
7%
19%
1%
21%
3% June
Feb
s
34% Jan
43% Jan
7%May 15
II
Dec
95% Jan
27% May 15
32% May 14
4
Jan2»
5%May
1%
10
8% Apr 20
85
Mar 28
8% Jan 3
I
84 Mar 14
61
Apr 29
Dec
Jan
30
10% Jan 13
2
:
3%
Feb 27
Jan 12
Jan 20
Jan 7
Feb
•%
6
5
34
Dec
4%
Dec
27%
Dei
7
Dec
60
Feb
3% Jan 13
16
6
6% Jan 29
28% Jan 2
7% Apr 1
58
Apr 28
108 May 6
100% Mar 24
10
May
1
63% Jan 2
Jan
May
16% May
22% Jan 27
,40% Feb
Dec
Dec
Feb
9%
9% Jan 27
5% Apr 23
Under Elliott Fisher Co No par.
Union Bag & Paper
No par
Union Carbide-•& Carb.Vo 'par
Union El Co of Mo $5 pfiVo par
Pref
$4.50serles..j_.Vc
par
1,500
Union Oil of Caltfoniia___.-25
Union Pacific RR Co
100
1,100
4% preferred.__.-100
1,400
1,600
Union Tank Car
5,100
United Aircraft Corp
105
9%
9%
9!
s
39%
9
18% Apr 21
5% VI ay
5
33% Jan 20
9% Jan 5
74% Jan 3
Feb
U
-31%
•*8%
-
24
34%
3%
6%
27%
1% Apr 16
Tratiscotrt'l A West Atr Inc..5
100
%
61%
85%
5%
4% Jan
;i%iMar 27
$3.50 cum prefer red. Ao par
Tide Water Associated Oil.. 10
10
.
v26%
May
300
*■%
*8%
.
27
38
200
%
10
112"
25
Jan 28
Jan
3% Apr 15
30
Jan
2
1,200
*19
19%
%
36
36
,
50
41
#16'
;:
*3%
8%
*21%
,
Dec
7
2%May
Thompson (J R)
......25
Thompson Prods Inc-.Ao par
*21% -22
•3
*2%
37.
Dec
June
8
2
400
5%
*11
t
5
32
MarlO
5%
1934,
.•3184
62 ;
5% Dec
9% Jan 21
*5%
6,400
■
5% Mar
3% Feb
Jan 16
11% Feb 24
3
5%
69% 59's
60% 60%
59% -60
*10834 11034 *10834,112
*109
112
110% *109
110% *109
*103% 104
.'-103% 1G334 10334 103% •'103
*103
104
103%
1031 103
1
<■'10% ;10% ""io% ;io
10
10%
10%,
10%
10%
10%
\-10%Y 10%
70
.: 70
71
70%:
70
70
70
*70% - 71.
70%
69% 70%
78%. 78%'
78,
7811
78
78
78% '•■ 78%
78% 78%
78%
78%
,61'i
Dec
41% Jan 20
*5%
1,500
,
Feb
30%
34% Jan 14
6% Jan 6
Dec
6% Apr25
"""160
8%
'-'60%""61.
Deo
2
Jan 27
0
Dec
34%
6
38% Mar 27
..No par'
pref._J._Ao par
Thermoid Co.......
I
31%'31%
8% v 9
conv
The Fair......
2%;
62%
5%
-
5%
3
2
*1%
*10%
%
62%
3 ,l
;*2%
'
5% >*5%
11
T.'ji
e
$3.60
"
.9%
.,<■912
-8%
8%
•*10%
' 6
11%
<•:
1%
6
9% Jan 16
5% Mar 13
7% Jan
3
39% Jan
4% Apr 28
2%,
*83
88
.
28% .! 28% >28%
•
28
27
2
2% Jan
Apr 15
Apr 28
*6%
34
i'9
20
*9
*
4
2
*1%
5%
-11.32
-10%
'8%
31% Feb
Apr 28
Texas Pacific Land Trust .1.1
Texas A Pacific Ry Co
.100
3,400
"
'
*9 >
30
Texas Pacific Coal A Oil...10
3%
*81
-2
*19
"20
"to
:-83g
__„_5
Texas Co (The)...
„_25
Texas Gulf Produc'g Co Ac par
Texas Gulf Sulphur... Ao par
300
5%
4%
*36
38%
2%
45«4
'
31
*5%
2
Tennessee Corp
3% May
Dec
May 13
5
April
Apr 20
7'|
7%May 14
1 % Mar
10%
5%
4%
'7%
*36-
46
*45%
: 3%
>31 .<34
10%
•8%
4
32
*9
10'J
*6%
?%'
38%.
2%
*2%
19%'.'19%
28%1
9 i
10%
1,300
3,500
Talcott Inc (James)
5X% partij preT..:_..>.50
Telautograph Corp
...5
'
*3%
"%
33%
700
28%
28%
419
(4%'
*9
10%;
200
6,000
'
*9
"""366
■
14%
1»js
15%
*15%
'
%
15%
1,700
14,400
800
15%
75
Apr 13
24
Apr 20
par
5%
conv pref
25%May 15
89
Apr 17
7% Apr 17
9% Mar 10
.100
104% Mar 24
.1.5
100
Un Air Lines Transport5
United Biscuit Oo
No
5% preferred
'
""360
United Carbon Cj..2--No par
87
United-Carr Fast Corp .No par
United Corporatk>n..-.Vo par
16
T.700
17
»;
No par\
.
4,500
$3 preferred
No par
Jan
69
27<s Dec
27% Apr
4% Jan
5%May 14
6
Apr 23
Swift
4%
Oct
2
Dec
17%
6
110
.
4,000
37%
Mar
8
45% Jan 14
38% Jan 6
May
1
Jan 27
r in
112% Jan 12
108
Jan
6
*111% Jan
106% Dec
11%
13% Jan 29
77% Feb
30
Dec
Feb 24
24%
Dec
6
5
28%
Dec
p36% Jan
104s4 Jan
9% May
11% Jan 28
12
112
Dec
57% Dec
5
6
73
81% Feb
May
Mar
9
5
42% Jan 19
20
Feb 20
•
Jan
36% Nov
Dec
31% Jan
37
Mar
13% Sept
14% Aug
19% July
2
2
Corp..J...4...l
22%
27%
May
20%" jan
60
8ept
19-% Aug
23% Dec
150
1
2
Superheater Co (The),._Ao par
22%!
22%
"."418
-
•
*32
'
*512
92
74%
Jan
25% July
14% Feb
Jii
Superior Steel Corp.2,
.100
Sutherland Paper CQ......10
11%
11%'
9%
4%
2
2634
■
114
6
17
2
3% Mar 9
Stone A Webster......No Par
4
Apr 16
Studebaker Corp (The).....l
334 Jan 2
Sun OH Co
43
»__.._i..Ao par
Apr 28
Class A pref
(4X%icirm) 100 116% Apr 13
Sunshine Mbilng Co.:.._..100
4
April
120%
22%
4%'
4%
2%
*24%
R
78
Jan
111% Dee
Jan 28
112
"_3%
-
3%
30-% Nov
35% Oct
Feb
Jan
%
Sterling Products Ind....__10
-
75
95
5
Stewart-Warner Oorp.._i...5
Stokely Bros A Co Inc_.__.Ll
'
Reading Co Jersey Cent coll 48.1951 AO
Gen A ref 4%s series A_._..1997 \J- J
Gen A ref 4 %s series B
1997 J
J
2
Jan
113
par
100
'
''
18% Feb
111% Apr 20
2% Apr 29
par
_t.Ao
4
4
'
-
*9 •'.'
8%:
9
*107
----
prior pref. ..No
900
.
1st A ref mtge 8s.. .2037 J *D
Oct
3
89%May
-
.j.. No par
cum
$7 cum prior pref
122": *120
22%
*2%
j
90
107% 108%
90 >
95%
90%
5%
5%
$6
!
800
4%
*
'
*284
_i
700
5%
H4
"4%
*44%
1 / L.I'"
10%
20%
22
2%
5%
%
10
*36%
78% '87.-,
105% 107%
84 %
200
26
-
*2%"
5%'
.
•19%'
,
10"
6
■■
J
300
'
11%
1%.
■
22%
> *7% •; 784,
*■
3%
5%;
.
*63%
64%
121
*105%4
L.Ao paP
47%
'"
4%
4%
4
4%
-
*20%
*3%
'
J
3%
44%
*120
' 120'
11%
„
33%. 34%
2%
'",6
64%
120
s
Jan
Nov
1
22
13% Jan
2-% April
35
Apr 27
$4.50preferred..__|..Ao par
Standard Gas A El Co. Ao par
$4 preferred.....
900
Jan
20s4 Jan
Mar 16
49
.
L.No par
28%
27%
"'
:;*7%7 8!
34
•28%
33%
93%
119
J
2
60
Standard Oil of New Jersey.25
Standard OH of Ohio:
..25
Starrett Co (The) L Si. Ao Par
*9%
;*i%
31s"
*4
108-
82%
$5 pref series A
Standard Brands
400
78%
10% Jan
1434 July
7134 Jan
Dec
4
9
112
Square D Co...
29
..1
Apr 28
5% cdiiv oreferredL....100 *110 Mar 30
Squibb (E R) ASonSu.Ao par
40% Apr 9
9,800
July
334 July
51% Feb
Jan
100
17% Apr 28
21% Apr 28
31% Apr28
par
1,600
*i:
?
*83
104%
107
.82%
pref...[.Ao
Conv $4,50
800
Jan
84 July
17
Apr
3%
4
28% Jan
12% APr 17
Apr 17
par]
....2
7,700
9,100
-
2U
8%
97% 100
97%.
"61%
■wn;
Public Service El A Gas 3%s_. .1968 j
1st A ref mtge 5s
-
.....i
18,000
4
28%:
.
Port Gen Elec 1st 4%s_.
390
Apr
25%
3434
1%
2%
par
pref A....L.N0
33%
22%
*32,t * 33
1"%
8 "
31
-*13,2
l''
99% 103
98%
*99%
*101
.1974 J D
5s series C..*..
4%s series D.—.. .1977 JO
conv
20i"
120
*4%' 74.% r. *4% * 4%
*32 /j 38
'
i i%
*1%
: 1%
4%
;■ •"
*19%
107%
101%
*107-
1st gen
1st
121
121%
62%
IA
$3
Spiegel Inc
19%
44%
434
22%
; 21%
<4%t'4%
T "33
*2%
109
62%
O
.1948 J
.1962 F
— .
70
83%
4%
11%
Us
*984; -.1034
*20 r. 2084
1,22% nm
r 4%
5%
106
97%
6
Jan 15
4% Jan 14
14% Apr 29
9% Apr 20
10% Apr 17
v
par
20%
4%
;*%;:
-2034
":'*3%
434
22
10%
.1960 A
1st mtge 4%s series C
111
118
H9%.
112%
m
1
7
Ao jw
28
'
62%
$5.50 prefer red.
1934
); 1134
f Hi
•
*20%
22%
*30%
110
98%
-
Spencer Kellogg A Sons Ao
Sperry Corp (The)
Splcer Mfg C0......L.A0
20%
.
20%
:
*3%'
.....
'
/v
1959 4
1st mtge 4%s series B
Pitts Y A Ash-1st 4s ser A-
107
118
J-.Z>| "97%
Pitts Va A Char 1st 4s guar... 1943 M.A
Pitts A W Va 1st 4%s8er A... .1958 J
102%1022'32
106% 106%
107""
•,
126
Sparks Wlthlugton_.L.Ao par
Spear A C0...L
..L......1'
33%
27%
'
;
*98
}
Jan
60
3
Mar
July
%
1
Apr 21
18
par:
x32%
27%
47%
*'2% '• 2% / *2% '" 2%
28%-28% .,'18% V 28%
■'*
*
5 V
534; ;.*5%c- 534
5% .„• .5%
434
41, " 4I2
434, 1;4%"v"4%
10%
101.1
934
-934 -• *9% -10%
•'
8
;
-*7%
*7% 1.8
*7% • 8*34%" .38%
*34% 1 38% *36%
38%
2%
2%
*2%
2% : *2i8 >' 2%
45h ^ 45G: *4584
*45% 46
46 "
2%
2%
/
101
98
.
Ry....._..r.Ao
x20%
"
12"i " 12
•i 1%
*2%
2«%
10
107
101
Jan
Sept
11% Dec
a:l9%
•
4% V4%
*44% 45%
44%
44%
119% 119% *11'9%" 120'
4
*4
1 4%
4%
10%
*1%
*7%
;-33%
30%
106%
O
Dec
4% Dec
7% Dec
48% Dec
13% Jan 6
1% Mar 24
20%.
*24
27%
43«
29-
*
*4%
*32
99% 102%
*118
D
49 %
5
'HX
109% 111 %
*110%
118%
'
Apr
5
10
24
.100
Mobile A Ohio stk tt ctfs 100
1,200
'
19
110%
100
57%
2%
2%
1%
Jan
6%May
26
20%
*
4%
"
*'111
A
35%
*56
57
112
Sept
Sept
Deo
Jan
: 33 %
4%""} 43.1
4%
;-v 4%
*■'
105%
If N
*33
2%
37%'
11% Dec
17%
94%
39%
115%
Dec
33%
*3% V3% >'*338 >334
4^2
22 i
,
v
9%
*25''
.0-
i;'22%
107% 109%
.
Series H cons guar 4s........1960 F
83%
Jan 28
13% Jan 5
3% Mar 24
2
5% preferred......
:
>57%
2%
%« Feb 10
10 is
Southern
""906
500
6
109%Mar
Dec
109%June
107" Dec
% Jan
% Dec
32%
1,700
2,900
Jan 10
I434 Jan
20%
■
?48«4
*20%
.*' *3%'
105%
108% 112
110%
101%
*..-...
3,300
18%
31
9
36% Jan
Apr
June
10% Apr21
2% Mar 28
Southern Natural Gas Co.7.50
Southern Pacific Co...No par
10,700
24%
Sept
8%
5% Jan 20
31
A or 22
Southern California Edison.25
300
60
•
;
.
23
12% June
79
61% Mar
par
•
27%
<48«4
*9%
61%
115 \ 120
*1%
Series E 3lis guar gokl_.__.1949 F -A
1,100
23%
19% Jan
1
Apr
Sept
June
16% Feb
116
8
47
113
:4%Mar 0
31% Apr 16
par
Standard Oil ct Call! L .Ac par
Standard Oil of Indiana....25
34%
-*5%'
6%
7%
I 19%
21%
2734
-4834
*25.
*12% : 12%
.
.
tl.
Apr
4% Apr 29
54% Apr 29
•
20%
'20%
33%
*48%
i'*i •»
104% 108
105% 105%
2
30
21%
34%
28
•
-.
1%
*5%
7%
:
7%
20
%
*1
."'7
>6
-
89.
'*%
j
1%
-
;
.
*35
10
-18%
.?
•
par
So Porto Rico Sugar.L_Ac par
?
8% preferred
L....100
2%'
'*37%
37% 37%
30% '30%
30% 30%
*110% 116 " *110% 116
*40% 42% *40% 42%,
*109
111% *109
111%'
8
2%
2%
2%
90
*89% 91
•,90
"32
'■"Hit -.,:%
%
*1
1%
1%
1%
*5%
5%
6%
,5%
.<7
7
7%
7%
37%
42% *40% 42%
111% *109
111%
3
-
*2%
23%
*56
57%
-.
.
60
33%
34%
'
.
-
*2%
31
:- :5%
■
.45%
119 > 119%
90% 105%
97%
Pittsburgh Cine Chi A St Louis—
.Series C 4 X» K uar
j. ... 1942 tfN
Series D 4s guar
-.1945 M N
50
llo
* 110% 116
6
*43%
64%
*27
;M%
13%
26%
26
'
*32%
57%
*2%
32.
•
900
--
1034
>43%
50
*2%
'
7"J
13%
26%
*43%
*1%
37%
25%
7%
98%
-
11%
10%
1334
26.
300
18% -18%
48.,
4%
*
47
109
8 %
10%
13%
'
h's
25%
;•
109
"28
9%
—....
Phillips Petrol l?i» debs......1951
-
4%? :4%
110%
101%
28
..1949 M S
s t 4s....1937 J
♦Certificates of deposit..
28
'■•*338 '7 3'%
92%
101%
10% +16%
934
9%
■T
4,300
15%
19%
19%
*126% 132
17% <17%
9 %
*9%
10-% 10%
13%
13%
26% 26Jt
*43% 50
*1%
1%
126% 126%
16%
17%
;9%
9%
130
18% -18%
48
-
110% 113%
104%,
-
*107%
D
t!*PhUlpplne Ry 1st
i26%
100
*14%
19
23
.*5%
94%
122
107 % 107%
67% 74
105%
115 y 116
./
19
200
16,400
:
2%
15%
,2%
*14%
19
9
6%
2
2
•
"
5%
72%
62
63
*104
D
J
;
r 1
20%
33%
27%
34%
r.
87% 93%
97% 100%
81%
' 45%
■
15%
200
1384
*13%
--6%
6%
-'
*35
2S4
7%
'
J
1971 J
/>> %
2134
34
v;97% 100%
*106 %
Phila Electric 1st A ref 3 Ms...1967 M S
1st A ref mtge 2 Jis.-.--
-
*40%
"
89%
111%: 111%
Philadelphia Co eoH tr 4J1s...l961 J -J
-
21
•', 28
111
:--4%
.1947 M &
...1981 J
::: «i«
107% 111%
99
98%
3lis (called bonds).........1952
General 4li«series D
90;
•
•34
105
101 % 105
98%
General g 41is series C-...-1977 J
90
109% 111
109
103
J:
Phlla Bait A Wash 1st g 4s...1943 UN
v,- General 5s series B........-1974 F
A
t
1
share
*106% Dec
100% 107%
O
1st g 4lis series C.........1980 iW-.fi
Phelps Dodge-cony 3 lis del)...1952 J D
"
2
•*
i
Jan
89% Jan 15
MaT 17
1938 Apr 23
65
Apr29
$6 preferredJ.....L.Ao
par, ,110
Apr 2
Smith (AO) Corp
......10'
16
Apr29
Smith A Cor Type vie.No
par
0
Apr 15
Snider Packing Corp. ..No
par
13% Apr 23
Socony Vacuum Oil Co Inc. 15
6% Mar 11
South Am Geld A Platinum 1 - ' l%Mar 6
S'eastern Greyhound Lines..5
14
Apr IV
"""46
171
9
10
14%
0%
6%:
2 '!
15
.3
31 ;•
*7% "\,7%
108% •108%
Peoria A Eastern 4s ext....'... 1960 AO
'
*37
42%
1
O
—...1956 J
'
111% *109
101%
102 %
14%
2%
70
*234
,2342%
*89% 95-
1%
1981 ;4
A
*40%
278
*1
103
110% .110%
101%
91'X
91%
1-19%
120%
'91%
•income 4s... .>_•. .Al»r 1990 Apr
Peoria A Pekln Un st 5>is-.i.l974 F A
Pere Marquette 1st ser A 5S...1956 J
/
1st 4s series B
per
Dec
Simonds Saw A Steel..Ac
par
Skelly Oil Co..
L
15
Sloss Sheffield Steel A Iron. 100
1,200
112
<
*16%
17%
*8%
>13
10
,
"
*110% 116
101% 104 101% 101%
1984 J
3148............. 1952
*9
*13%
634
:
35%
57%
-
*56
*16%
17%
*16%
1
D
Ceneral 4 lis scries D.
Gen mtge 4 lis series E
32%
111%,*109
234
*33
2%
37%
3',%
100% 105%
*109
Gen mtge 3 %s series C.
1970 4 O
Consol sinking fund 4 lis...* 1960 F A
General 4>i8 series A....... 1965 J D
—.
35%
5738
23«4
*110% 116
42%
*109
107
102% 103%
iio"%
1948 M N
May 1. 1948 ,V/N
General 5s series B.l
*111
18%
24%
-18%
105%
101
•112
1%^
'
*35
■
18%
24%
101
193%
102%
4s... 1943 M N
.........
4s sterl stpd dollar
105
70
19% *20-
J
Penna Power A
PeiiTLsylvanla RR
'
*40%
103% 104%
107
•100%
103%
102%
"101%
105%'
;*"T[
O
.1981 J
105
107
100%
r'
*30
.
3812
118%
*1%
*212
,
*234
102»„ 102'i»
*101%
If N
*111
14%
' 7
«84
.
1%
18L
18% >
23i2 T 2334
3578 *33
5738
57-38
278 i;- 2%.
37
38io
*33
321s- !32i8
28-year 4s............... .1963 F A
PennsylGlass Baud 8Xo..... -I960 J D
*13%
*2%; -278
*110 <2 116
J)
112
1%
i''
35
1% July,
4
July
SimmonsCo...
.L.No par
H%May 6
Simms Petroleum....'
% April
72
♦111
7;'111;
*17
"117%
9% '• 9%
■
3 '
70'
*177s
*56
*IH
.1«8
,
*2l2
105
.
1942 J
*69
"
43%
118
72
.
58% 00%
98% 100%
49
99%
43%
*115%
*69
•
*30
5
72
"
100% 103%
....
58 X'
58X
>69
75
2
g
; 2 I ,;: 2,
.114V 15
21515;.
19'2 ■r :i9Vs-197g *19 v 19%
*126 >2 133 ' *12612*133
*126.12.133
;1634
1634 <; 17 d ,*17
16%, 1634
"*91.1 ,984
*9% "• 934
9-V
934
ni8.: i i3s
111.1
11% v.11% ,11%
*14 14 '14
14'8
137s
141)
•: *2614 "2714
26% 27-26%
26%
*43i 2
50 J *43% 50
*43%
48
107% 108%
105
lO's
1414
034 v7'8
'
21%'
21
*19
2278
58%
'Paramount Pictures4s debeiu.1956 M A
Tarmelee Trans deb 6s........1944 1 O
Pat & Passaic G & E coils -5s. .1949 M S
ser
Highest
I
Dec
%»
Sheaffer (W A) Pen Co.Ac
par
400
■1%
24%
*20%
•
81%
92%
106% 108%
1
■fc.-'r,
Panhandle East P L 3s B
.1960 MA
Paramount Broadway Corp—
1st M s f g 3s loan ctfs...,.1955 F A
106%.-08
*914
*13i8
718.
;
*23
21
•
•
-*%
24%
Apr 30
Jan
%,
Shell Union OH..15
Silver King Coalition Mines 5
1,600
*20%
1
24
;i
Dohme....i..Ao
$3.50 oonv pref ser A. Ac
Shattuck (Frank G) ...Ac
2,700
12%
,21
*111
17i2
12%
11%
2%
12%
2
10% Apr 23
2% Jan 12
43% vlay 6
4% Jan 2
8
Apr 14
S3
Jan 2
•
30
10%
*2%
Jan
106
par
'.
Sharpe A
300
:*%
*22%
.
.
*11% -11%
>2%
2%
12%
12%
2%
5
110
7
29% Apr 30
Sharon Steel Corp...'
No par
$5 cony preferred...Ac
300
5
'2
-
-
11%
•
.*141;. -15-
.
107% 109%
"
101
107
90 >
110% 112%
14
103 X
*10 X
82%
20
c
!
'107%
•100%;
100%;
D
Pacific Tel & Tel 3^8 ser B...1960 4 O
Ref mtge 3X* series C
1.1966 J D
Paducah & 111 lsts fg 4J^s.l.l955 J
J
4
112"
1084$ •109
ext g 4s..1938 F -A
1938 J
2
Z
111
•112
\J I)
1st & ref M 3s series K....11971 J
Guar 4s
I
Dec
27
44
3
Jan
34% Jan 27
% Feb 5
% Jan 27
4% Mar 15
6% Jan 20
2
2
Seagrave Corp...........:.5:
1,500
33
*4%
*31
33
*31
%j Jan
% Jan
Servetfnc.................p
5%:
55%
55%
-5
33
2%
12%
*%
♦22%
12%
*% - J 1
>23
24%
2184 • 2134
''
I.334
678
2%
1234
.112;
*17 -*
17.
13«4
Pennsylvania Co—
>
Guar 3 Hs trust ctfs C_...
■Guar 3X* trust ctfs D
$ per share
:
Sears Roebuck A Co.._A7o
par
2,300
56
••
56
*4%
5
11
1134
*53
56
434
*3134
.,
*69
..
•
*53
'•
*2%
75 fe
*68'f
inviu'2 *iti
5%
A 56
>11%
:
24%
2134
*
2H2
-
*914" 10'8
l*Pac RR of Mo 1st
|#2d ext gold 5s.
$ per share
23% Apr 28
par
100
*8
56
5%
5 .;••": 532
, 32
.
21% 2112
*68 "."77-: h
112%
*53
.
'
*78
D
56
284 ;„*2l2 ; - 258
1218
1258
1
>78 -1
*12i8;s 12%
'
Oregon RR <fe Navoon g 4s....1946 J
Ore-Short Line 1st oons g 5s,
1946 J
Guar stpd cons 5a........1946 J
V 5%
57s
-
-*478 I Sis
^32% :32i2
*ih8
1134
1H2 ' 11%
102% 104%
20
5.;
32%
108% 109%
108 %
*103 x
104%
10251« '102133j
.
Ontario Transmission 1st 5s—.1945 Af-N
Oregon-Wash RR
Year (1941)
Lowest
1
'
~W7H
Oklahoma Gas & Elec
3^8....1966 J I)
i
4s debentures.
...i_v
1946 J
Ontario Power N F 1st gu 5s...1943 F A
_.
Range for Previous
Highest
10%May 14
Sohenley Distillers Corp... „_5
12% Apr28
5X% preferred.. J
78
100
May 15
Scott Pa<per Co._,„._-__Ao par
uull
f-aiper
25% Apr tu
«s<>'2 /ipr 16
$4.80 preferred..^.:.-Ac par *112% Apr 17
$4 preferred.. ....±.No par 106% Jan 9
JSeaboard Air Lhie..i..iV0
%s Jan 5
4-2% preferred....:
100
7i«Mar21
1,600
8I2.
8%
*5434
7,500
46%
6%
6%
6%'
-; 8%
280
11%
11%
2%
4584
2%
44%
2:6%
2,000
500
%
%
ai«
45%
.
45
•6%'
'8%
•
8n
%
10%
455^
8t Joseph Lead......
10
JSt Louis-San Francisco... 100
6% preferred,...
100
J8t Louis South western... 100
5% preferred
100
Sareway Stores.Ac par
5% preferred......
100
Savage Arms Corp..
5
30
.
*\«
10%
2%
U
56;
78
112% 114- *112% 114
107% 107% *107%
10%
*2%
*12
1*812 .8^6
*8%
*5484 :'56-. >5434 5 56
878
113
81
*28
.30
113
1,900
""266
•
*78
*3i#
*212
4478
684
>
14 "
-82-
*107%
105g
*'*2X
2?8
*54%
12
13%
ht
,*I2 *
m
11
•
32%
*78
25%
7%
*1%
*3% 12
*3%
31% 31% 31%'
106
106%- *10638 107
11%
10%
11%
11%
14
14
*13%
14
106% 106%
,
24%
•
7%
12
31%
*1%
12
32
'32%
*10712 '-1L. no7%84
*l0'2
.
*134
*3.34
12'
32%
•
25
*%s
"
v
8%
,
'
87X
*'J2
109%-111%
102% 102%
8X4.
8H,
•%
'
106
*8*2
;
*9,j
31 Js
678]„'678
.
1
100-Share Lots
$ per share
Par
._
.
On Basis of
Lowest
Jur
38
42.
*2i2
Ohio Connecting Ry 1st
4s_
.19l3 M S
"Ohio Edison 1st mtge
4s......1965 UN
1st mtge 4s. _i i .i...
.i.1967 M S
*'S2
*",12
31
-
44i2"4434
J
3|6
%
7h
*lr>8
*12«4* 73
1384
1384
i'¥i :■? 0
4s._.1948 J
24%
*%2
%
,
106 ■
106 '106
106
*127g
13 W
11?8
1234
I884 ' 137s l-13% -13%
'
r*
*78%w801*2
7^i2f 7812 *78'C 82.
♦2812 .30% *28-'•" 3012 >28
30%
*U27« 114." *11278 114 - *113 .7 114
59%
108
8
24%
%'
*^32
'
106
;
69%
59%
48%
7%
31
54%
,
48%
13
•
*1%
*384
42 %
45
59%
30
A
If
25%
*%2
si6
*i07'2
<Minn) 1st&ref M 3^s--..i.a907
(Wise) 1st mtge 3J^s.
..1964
39is..i.....„..
Range Since Jan.
Shares
the
3I4
*^sa'
'
73%
45%
39
248
57 X
-78
40%
iio
68-
52 X
66
*25
25i2;25i2:
7,2
27%
68
42 X
57 X
Ref & impt
5sseries D. ...i.2047
Northern states Power Co— '*• .'l- •
1st mtge
-
Week
'
73
*41X
3512
*6,2"
75%
*70X'
.
gu g
Friday
101
27%
.1997
J 5*Og A L Cham 1st
-
STOCKS "
NEW YORK STOCK
EXCHANGE
•
Thursday
,
S
lift
65
ry1 & idg 3s..i.Jan 2047 Q F
3s registered.I....a...
2047 Q A
Ref & Impt; 4^"series
A...-.2047
J
Ref & impt 6sseries
J
B.__._ 20<17
Ref & linpt 5s series
C.
...2047
-••
Wednesday
113*
deposit...i„4_.
....
l<: Tuesday
Aiay ll
!j May 12
Mdnday'
■
High
119
112
.....
Gen lien
•<;
Ijtw
"114
O
of
North Pacific prior lien 4s
■.
*112 >4)
No
;
for
Saturday*
1
*
Sates
LOW AND HIGH SALTS PRICES
%
Since
Jan. 1
O
-1 •
mtge g 5s (stamped can- • ' ■
ceilation of
guarantee).... 1945 A
•Certificates
Range'
w
rS
«5
High
121
S'|
1974 M S
^Northern Ohio Ry—
♦}Bt gtd
1st
Low
..1974 If
.
A
•u
Asked
A
May 9
Railroad & Indus. Cos.
(Con.)
.
or
Friday's
Bid
Price
J
'
NEW YORK STOCK RECORD
Week's
Friday
'] !■§
'
May 15
1903|
8%
Dec
108% Dec
35
Dee
15
Dec
Deo
»n
13% Dec
6% July
July
July
3i>34 July
38% July
60
Dec
6%
57%
40%
Aug
Jun
Jan
117% Aug
48% Deo
NEW YORK BOND RECORD
STOCK RECORD
NEW YORK
Friday
SALE PRICES
exchange
Monday
Tuesday
Wednesday
Thursday
Friday
Mai 11
Saturday
Mai 9
Mat 12
Mat 13
Mai 14
$ per share
35i8
4 >8
*27
53 "'8
3%
434
*1%
2
36
4 'H
2834
53'8
3?8
*134
5
17H
134
35
35
334
97 is
13^2
3*2
234
83%
13%
J3%
*3'4
*212
*7914
3U
*2>2
*7918
22i2
23
23
7%
*7%
5
26U
*212
2%
*2'2
United Gas Improv't—No par
$5 preferred
No rfar
United Mer & Manu Inc v t cU
83%
24
*78%
24%
6%
6%
6%
13%
*3%
2%
2,800
300
United Paper board—
100
U 8 & Foreign
41
42
167
60
39%
*35,',
39%
*25
20%
*26
27
*2>2
234
*27
29
*27%
28
100
20
20
*20
21
300
''
*58
34
103
1534
16%
5,500
70%
71
1,800
»4
*%
•
16%
16%
163s
1658
16
1638
15%
16
15%
15%
-6912
6912
7034
7034
70
70
69
693,,
39S4
40
40's
70%
40%
7034
•3934
40'4
*40
42
40
40
*3934
4134
*58
61
*59
•'
34
I71g
175s
61
*5838
46%
45%
IO8I4 109
17%
17%
43
*42
109 >s
109
17l2
43
<
*42
u,i
*uu
7
%
*38
,
13t*|
42'2
42%
41
*35
1312
*13%
13i2
*42M
*443
150
*143
149
*147
153
*147
150
44
13%
144
*147-
*147 r 150
*143
144
150
,13%
""166
41%
370
41%
10
148
*147
147; 149
149
-
65% Jan 3
119% Jan 13
Dec
19%
Dec
33%
42
Mar
x50%
7
%
Dec
Feb
9
•42%
14% Jan
5
"12
52% Jan
150% Jan
6
44
41
May 6
112
Apr 24
117,,. Apr 30
May
43% Nov
,
6
140
May
159... Jan 21
1-33
75
33
45%
79
89
55
61%
89
'•
.
201
10%
16%
15%
17%
60
11
16%
61
11%
18%
16
17
37
11%
16X
16
255
15%
10%
16 X
11x
12%
17%
17%
17%
80
m's
16 X
16 %
80%
MN
ctfs...-------1989
bond ctfs.--.Nov 1989 IJ1
,
122
78
9
76
16
57 -'
49%
49 x
50%
67
31
51
J
26%
26 x
27%
30
15%
29%
9,%
*78%
(♦2*4
9x
83 x
3%
10 x
J
48.1968 J D
J J
F A
2%
4
7%. 12%
ibi'i'iiioix
102x 102x
123% 125
'*31
*«*«
16
9'
♦8%
8'8
20
*49%
*
16
20
*19%
*20
14S4
*812
2078
:
1514
9
zll4
31
31
*30-«8
31
31
*50
64
*527s
64
*5278
64
*56
85
*56
85
*56
85
,3012
.
,
20
20
-
20i2
*19l4
1'4
Ds
2934
29U
18
82
24U
28
1 *77
130
*125
130
*125
8
*7%
24%
28
211.1
25
25
28
2734
76
76
75
273
751-
*125
130
*125
*14%
82
'
734 V. 8
20*8
21%
28
1,900
75
"Y *•'•20'
20
125
24% Jan
7
12
.1
19
115% Jan 30
53% Feb
May
1
25% Jan 19
Jan
2
2% Jan 19
,
5
1
7%
2,000
193.(
400
100
—.—I
preferred....-No par
$1.25
21
25
Detlnntng-Go—100
Y
July
Dec
116
i
Dec
111%
Mar
Aug
Aug
60
Mar
27%. Sept
Dec
Dee
2% Jan
28% July
.
-.20
77
34
30
Ar.r-22 ,18%
j 15i« Feb 25 ;.J 14 ' Dec
118% July
Dee
23% Sept
Yll
19
Jau 2 1
313+ Jan 20
«
27.S4.Mar 31
29% Jail
5
Jail
138
13
19»4May 15
■
'
i 29
Dec
•
.
9
-
Feb
33%
.
Feb
135. Mar
89 *
v
Jan
42
30% Dec
4
7
96% Mar
.-
105
"Nov
143
June
Apr
25
26%
6%
*6%
16'2
161*
6k
26
26
*6%
163s
25
6%
,
6%
6%
16%
*16
1618
*95
99%
*93%
99%
1434
*14%
3%
3%
%
*%„
19%
19%
18s4
4%
4%
3k
4
3%
378
3%
3%
*3%
*31'2
*1414
32%
*3lk
32
31%
31%
31%
32%
32%
J 434
*14>4
14k
*14%
14%
*14%
3%
3'2
3%
*2%
3%
*3
*3
201
*;19%
♦64
1
*%
*64
4%
4%
08
78
78
*7.«
20
*19%
68
478
68
*60
%«
20%
478
20%
5
478
,
If*
%
*7U
%
*19%
22%
*19%
23
*3534
36%
36
151?
13
14%
14%
♦14
14%
*1134
12%
*12
13
12
13%
13%
♦13
13%
13
2
*l?g
2
130
I *81
130
*81
1151a
1534
*15%
16
*60%
61
*60%
45
46
60
50%
50
102%
*98
15
12%
13%
*11%
12%
*13
13%
•'*1%
2
1534
.15%
15%
13%
13
102%
*99
13
13
13%
2%
*2
61%
*59%
5-is
45
*65
69
49
49
♦4%
*2
*4
2
.*2
5%
*4
%
25%
14%
26
*4
*4%
%
5%
%
♦m«
Y" %
♦Ji«
26%
2634
25%
24%
515
151*
15
15
14%
15%
14%
25%
15
2-68%
*119
121
121
,2434
2434 *23% 24%
*JL20
28i2
*25%
28%
69
68
68%
121
121
104
104
50
9284
50
*45
50
*75
92%
*75
9234
*75
22S4
22
22%
23
5834
13i2
1334
314
2
44
*,13%
1334
*3i8
*134
*36
59%
*13%
14
V
59'4
13%
*36
44
♦36
44
*16
17
*16%
16%
*1%
2
*1%
1%
5%
118
5%
*1% Y 2
1%
514
4
4
4
*57
58
*57
*105% 110
*100
1%
5%
110
♦100
5%
3%
3%
3%
57
250
5%
5%
4%
58
1,700
60%
*1%
1%
1%
1%
22%
60%
16%
2
*1%
92%
*21%
*1%
400
*1%
5%
5i.i
3%
,
2
3%
5%
3%
57
110
-
*20
2034
*20%
20%
.22
22%
22%
23
*15%
16%
15%
15%
*19%
*
20%
19%
23
22%
23
16
15%
*19%
20%
22%
*15%
15%
22%
*14%
20%
23
15%
-
19%
19%
23
23%
*1434
15%
*113% 140
120
120
*113% 140
*113% 120
*113% 140
*>103% 126% *103% 126% *103% 126% ♦103% 126% *103% 126% *103% 126%
47
47
51
*47
*47
*47
48
48%
50
*47
58%
*47
51
♦47
51
*47
*47
51
*47
50
*47"
51
4834
*47
88
*84
88
88
88
*81
♦82
*81
*81
88
*83
*113% 140
-4 4'%
44%
44%
44%
44%
4434
44%
44%
4484
44%
*44%
Co..-—
1
Spr Co No par
White Rock Min
$4 conv
.1%
*110
pref---——.100
Mach Corp.-.l
preferred....No par
300
•,
Prior
preferred—.——20
Co
..—5
Willys-Overland Motors
1
2,000
6% conv preferred———10
2,900
Wilson
Co Inc..—-No par
5,300
; $6 preferred--—...No par
200
Wisconsin El Pow 6% pref.lOO
"*"206 Woodward Iron Co..——-10
Woolwortn (F W) Co
10
19,600
Worthlngt'n P&M(Del)No par
600
10
7% preferred A..-.
-100
1.7.6% preferred B—i——100
Prior pref 4
series.. 100
100
Wilcox Oil & Gas
2
57
!
45%i
Prior pf
Wright
800
414%
convser--100|
Jan
Jan
Jan
*15 ;
'
1% Dec
Jan 28
7
4% DecJ
■')) Feb
.,
13
24
9
May
27% Feb
105
1417 Mar
,27%June
8
Apr 17
15
Oct
De<
;
118
'
4
Jan
38% July
Apr
27%
12% Apr
28
Mar
6
15% Jan
Apr
•112
i60 7 Aug
65
3% Jan 27
6
!
40
May
100
15% Apr 23
Dec
21%
Apr
*
24
6
24
1 28
2% Dec
2% Dec
111-
47
49
Aeronautical—.No par Y82
39
(Del) .No par
Wrigley (Wm) Jr
*
*18%
111
3?13%
*5%
"32
*77
7%
18%
-
1834
18%
19
19
18%
*18%
1,600
19
11
11
U
10%
10%
11
11%
11%
11%
10%
11%
'110% 114
*110% 114
*110% 114
113% *110% 114
*110% 114
"•
5%
*5%
5%
>5%
5% :>5%
*5%
5%
5%
5%
534
30%
30%
30
30%
32
3134 32
3084 31%
30%
30%
*78% 85%
*77
85
*77
86
*77
86
86
*77%
85
7%
7%
31%
1134l
11%
134
1 34|
*1%
7%
12
1%
-:
7
7%
7%
7%
7%
7%
11%
12
I7s
11%
11%
11%
1%
1%
*1%
*1%
•Bid and asked prices: no s lies on this diy.
'1rom
18%
18% 118S4
54
53%
55
90
52%
52
53%
391
48
57 *.
56%
52%
51%
53%
231
48
56%
89 x
Dec]
'< 2%
Apr
2%
Gen. Theatres Eiulpment.7,
«
New
11%
1%
7
r
51
Preferred...-.—i._--..100
200
Young Spring & Wire.-No par
4,100
Youngstown S &T—.No par
2,300
78
Jan 12
| Youngst'n Steel Door.-No par
7
May I4
No par
,1% Apr 23
5,000
Zenith Radio Corp
1%
2,100
Zonite Products
Cash sale.
s
Def. delivery.
Special
sales.
..84
h Name changed from Uuion Premier
x Ex-dlv.
y Ex-rlghts.
^ Called
Jan
Mar
Jan
Jan
Apr
Tenn Coal Iron
Gen refund 8 f g
,
.
14
7-4% Dec
109% Oct
A9% Dec
82X
86X
69%
91%
80
70 x
46
61%
88%
67%
280
60%
69
78
78 x
88%
92%
91%
66 x
87
80
•85%
90
89%
82%
•90%
169
82 %
6
i 80%
111
-f 83 %
'83%
106*
79%
80%
104% 107
40%
33%
100% 102%
,'22
102
114%;
103% 105%
104%
104 x
84%
80%
109%
8
36%
--36
*101X
ibYx
83
3
.
100
105%
92%
29
111
■
53
18
103% 105%
104
104%
108 x
108 x
107% 110
102%
102%
'101x
101%
100% 103%
101% 103
*120x
,122%
..
.v.
5s.»1951|j
3s deb——>.-1969
3s debentures--/...—
1965
16
Dec
Mar]
85
Jan
130
4734
Dec
Dec
;
.
122
Apr|
22%
17%
1st 4 land grant
99%
22
99%
61%
O
67%
4
O
66%
/
D
66%
M S
15%
25
07%
14
103
1
54
.
\10X
15
O
88%
47%
12
100
84
88 x
87%
'
90%
81%
•>; 84
84
D
4
60
238
99%
J
60
102%
47
52.x
O
21
67%
66%
103
86%
.
68
66 X
88X
100-
166'
100" ioix
105*%:
.
Jan 14
95
»
>12%
Dec
"
42%
United
United
U N J RR 4
105%
105X
109%
109 x
1*05%
,18%
g Name
jo"i"
6
ioi
100 x
96%
96%
108%
4
A
:*92X
108%
301
109 x
21
104%
403%,
*105%
M S
Canal gen 4s... -3-944
Steel Corp—:
M 8
*99
1 1942 MN
*100
5
.
26
105%
75. • .i>
•91x
96%
12
W
97%
V75X
"e
92%
55
11%
99% 102%
9
97%
,97%
(Del) 5s... -.1953
.8753..;..— —-Nov
1.00s.———-May
.
97%
108% 111
96%
99
90% 99
103% 105%
105% 107
69
75 X
90%
97%
104% 105
x
1.375s/.r—Y—-Nov
l,60s.--l.
>
-
(..//May
1.625s..;.—J...-Nov
-
.
"
—
1,75s..May
,,1.808—•—r.^—-.Nov
,1.85s-—'.—---—May
1.90s—-..—--Nov
100%
*100%
1 1944 MN
100%
1 1944 M'N
100%
1 1945 MN;
♦100...
1
1
1945 MN
1,1946 MN
1.1946 MN
I
For footnotes see
page
*100
*100
*100
1905
■j-
Y.
101"
<101
100%.
1947 MN
1
'
*100%
1 1947 MN
3% Oct
f
;
1943 MN
1 1943 MN
15% Apr
changed
A
4s..,— .1947
1.125a..-././-—Nov
'7 1.25s..--.—May
,"/
Jan
»
8. Dec
2% Jan 26 7 ;1% Apr
F
108 >111%
*10%
United States
Aug
.
109%
A
1967 J
Biscuit 3Xs debs—. .1955
Cigar-Wlielan Sts 5s z.1952
United Drug Co
Jau
Jan
Jan
,
—
M N
..1970 A
Jau
.
2
101%
"104%
yf
34-year 3Xs deb...
-.1971 MN
35-year 3Xs deb——
:
103%
/ D
Ref mtge 3.Xs ser A——. a9«o
Jan
Dec1
Food Stores, Inc..
for redemption.
101%
101 %
1950
Serial debentures
Dec
Dec
,,9% Dec
104
Union Pacific RR—
July
.10%
76
104%
101 /
21
41 mpt 3 %s 1960
3s debentures..—
*
July
yl5
v
104%
105 x
u
80 Y Jan
60% Dec
Dec
16
,
.4
Union Elec Co of Mo 3Xs. -.1971
t**Uiiion Elec Ry (Chic) 5s -.1945
Union OH of Calif 3s deb— ..1959
75% Aug
5%
105%
series C—1942 M
Toronto Ham 4 Buff 1st g 4s-.1946 I / D
V/ S
Trenton G 4 El 1st g 5s.. —1949
Tri-Cont Corp 5s conv deb A—1953 \J
73% Aug
50 %
29.
104 x
88
104%
Tol W V 4 Ohio 4s
147
.
101
*87,
67 x
4s——--.I960 \J
A
♦AdJ Income 5s-.-—..Jan I960...
|*Thlrd Ave RR lstg 5s-.v--1937|/
Tol 4 Ohio Cent ref
109
*102%
Third Ave Ry 1st ref
Tol St Louis 4 West 1st 48-..
_
107%
-
J
M N
.
-
,6
O
gold 5s.——.1943 j
1st gold 5s._—2000 / D
Y Gen 4 ref 5s series B.—
1977
Gen 4 re 5s series C
1979
Gen 4 ref 5s series D.—1980
Tex Pac Mo PacTer 5Xs A... 1964
-U
A
A
Texas 4 N O con
Texas 4 Pacific
121
■
110%
110
110
48./..—-—1953'/
Texas Company
34% Jan
2534 July
Aug
23'g Dee
;98
z,86
108
*107 x
5s..1944 F
.
Jan
33%
12% Mar 30
,
67%
a.
28
J
Ref 4 Impt mtge 3%s ser B. 1974 J
Texarkana4 FtSguoXs A.—1950|F
6% Dee
>7
8ept
77
Sept
1167 Nov
109i2 Deo ,12Q
5
4 Rll gen
Assn Si L 1st cons
Term
.
17
19,
13
12% Jan
834 Feb 19
Corp...—.1
11%
1%
a
■
6H% preferred series A. 100
11%
t In receivership.
stock.
7%
1,809
13%
120%
•,\
7%
37%
O
80 x
68%
68%
91%
84
85%
4s. .1955 IJ
87 x
80%
MN
Jan
7.60% Dec
21% Jan2H
19% Feb.4
43%
86%
87
Superior Oil 3Xs debs——.1956
MN
Swift 4 Co 2%s debs———196i
May
1%
3%
:
2
J0% Apr28
111% Jan 3
5
Apr 23
29% Apr 28
M
5s«—.1994 |J
.4
4s series A.-->—1956
26% July
l3s
>
25 1'20
Mar 25,
Feb 13 .117 rMar 3j
15% Jan
y 58
121
"■
25
cl B. -1
60
50
56
54% June
Y
Yale & Towne Mfg Co
Yellow Truck & Coach
64%
50
59 x
55%
•
YYY
50%
171
64
59%
M
StudebakerCorp conv deb 6s.. 1945
Jan
5%
>18% Dec
7.
Mar
54.
Jan 26
May 15
-Apr28 f A7% Jan 261
Jan 15
May 6 104
62 7 Jan. 5
Apr 24
106% 107%
103% 106%
102% 105%
12
62
D
J
6s—1956 .4 O
.4 O
Devel 4 gen 6X8—.—.1956
Mem Div 1st g 5s......
1996 U
/
St Louis Div 1st g 4s—fci.-.1951
D
So'western Bell Tel 3 Xs B-...1964 j
*■
1st 4 ref 3s series C———1.19C8 IJ
♦Spokane JUiternat 1st g 4X»-20I3 Apr
F A
Stand Oll or Calif 2%s debs.-1966
J D
Standard 011 N J deb 3«i...:.1961
2% delieuture-J—1953 iJ
8% July
•
Feb
41
Jan 15
21%May
15
Apr
103
Devel 4 gen
Jan
17%
10% Dec
y
" "Jan ~7
120
102%
,
103
55%
Devpl 4 gen
15% July
,.i0% Jan
*
"*19% Mar 28
mn
105%
Southern Ry 1st cons g
30a4 July
76Y Jan
i
68% Dec
:r
; 22% Jan 13
15 i: 2% Feb 10
l%Mar-U
1% Jan 3
4% Apr 29 ; 6% Jan 5
6% Jan 20
3%May 13
57
May 13
73% Jan 13
1% Apr
104%
106%
105%
"103"
Jau
.
85
•
Jan 12
53
104% 106
59%
South Pac RR 1st ref guar
July
3% Jan 26
*
,
Aug
105
5
»■
1% Apr29
'3
Jan
,
i 34%
'
,
101
20
29
63
l%May
31% Nov
2
i 61% Jaiv2)
5
Y
24% July
81% Jan .6
Jan 2 4
:
4% July
9 ; July
15 Y Dec
v
58%May
29% July
.
ol8% Feb
Apr- 2
Feb. .5
31% Jan
20% July
107
Oct
104% Apr*
15% Dec
Y
29% Feb
117%
Dec
Jan 27
Jan 27
2
; o
Jan
107%
99% Dec
89" Nov
J12 - Mar
127
.
115
3/
100% 103%
33%
101%
101%
101%
Jan
,
7
101%May 15 106% Jan 7
50
Apr 18 no
Apr 18
88
Jan
8
Jan 22
93
21% Apr
Corp.—Aro par
pref...No par
Dental Mfg(The SS).20
White Motor
Apr.21
Mar 11
22
f.
White Sewing
16%
1%
63%
117% Apr 29
23
Apr 28
$5 conv prior
44
*1%
110
*100
1*100
3%
*16%
2
3
Mfg
Jan
106%
•
2
Jan
9 104%
9 '16%
2.8 V 3%
16 ! 8%
% Jan 12 1 "h
23%. Feb 18
27%
«14%Mgy 14
19%
Wheeling Steel
White
13%
13%
*36
16%
67
*56
57
110
13%
*3
Jan
12% May
7 18
,2
Apr
4% Apr
preferred.—...No par
Erie Ry Co. 100
5M% conv
*75
60
*13%
10'2%-Mar
Wheeling & L
21%
13%
6
7
74%
Dec
88;
Feb,
4U1
-12% May
1st
$4.50
65% Mar
3
,,91 7 Jan 22
Apr.27, |j(04
Apr.*??} * 93,
May. 1 113%
25% July
Mar)
"16%
6
9
.100
Chlor Prod.-No par
:
Dec
Vz Dec
.80
Feb
Jan
50
preferred
50
Weston Elec Instrument. 12.50
Westlnghouse El A
Jan
20% Jan
4%'Jan
80 , Feb
i,.
•
BrakeNo par
Westlngbouse Air
70
92%
13%
-
3
Feb
.
Dec
10%
9
2% Feb
•
preferred.------100
6% pref
!3%May
21% Oct
38 .Sept
23«4 Jan
.17% July
-10% Dec
8
Jan -,8
-4
102
Union Telegraph. 100
Westvaco
50
3 > 3
*1% : 2
*36
44
.
2
17
'
♦45
*13
13%
■3%
44
2
53
*300
*134
400
28%
101% 101%
50
*13%
13U
,
*16
4%
4
3%
•♦1%
50
f,
24
60
*36
5%
5%
*57
13%
3%
2
2
1%
*1%
1%
*13%
14%
3,200
21%
60
60
3,400
*75
50
*45
14%
*25%
103% 103%
4% 2d
Western
>25.-Feb
J l4!
5
\
Apr25!
H
41%
36
preferred---.-'.——100
b% preferred.,-.100
West Penn Pr Co 4^% pf.100
West Va Pulp & Pap Co No par
6% preferred-.--100
Western Auto Supply Co.—10
Western Maryland
-.100
,
5.200
68
123% 123%
28%
l
El class A.-No par
■
1% July
sg Dec
■<6
Feb
.2
Dec
77
Y
i
15"% May 14 -"20%
May «j ♦ 70
snowdrift No par
Western Pacific
%6
*45
*75
92%
•; 22 •; ■ 22
14
3%
*25%
28%
200
5%
24
7%
Feb
13% Feb.
ll%-4an,I5
1% Jan 6
.
"2*800
67%
68
300
,.
13%
26%
14%
24
24
*103% 105
5934
13%
3%
*134
22
:
7,200
2% .7:
♦%
123% 123%
24
,5934
*13%
14
*3%
1634
46%
*25%
104
*45
5834
24
2.8%
*45
67 '
67%
24%
*23%
*25%
214%
*121% 124%
104
105
5%
67
13%
2
26%
170
104%
*99
13%
*%«
70
v:
Co.——5
v;
24%Mar 10
39% Jan- 8
,19
Feb
Jan
2%
63
-•
1% Jan 29
3
26% Sept
6% Dec
13% Apr
5% Jan 3
74 * Jan 16
•
% Dec
-
8x
97%
32%
104%
*118%
4%s.—..1969 M N
-/.I981 MN
10-year secured 3%s
1946 |J
A O
San 1-Yan Term 1st 4s/_—..1950
Sept
.15% Sept
6% Sept
1%June
10
97%
99%
Gold
Jan
36
97%
.
Gold 4%s
Apr
Jan
6% Jan
»
Y
.
14
Jan
12
preferred-J—No par
West Penn
;vY-20
49
13%
13%
2%
13%
104%
*99
102%
*99
par
Pipe——No par
Co.No par
■->
May
9%
22%
4
95%
103%
.——,.1949
registered—
Lines) A--,1977
Gold 4%s——1968
105%
-
rl5% Jan 22
2
19
Jan 2J
27%May 1.5
14%May 11
preferred--—------100
*4 conv
■- \
4% Jan , 5
31
Feb 28
,
%.Jan
Co—i-1
ELsenlohr..-.-No par
Wesson Oil &.
V
150
58
103% 103%
13%
*12%
13%
*12%
13%
*12%
2%
*2
5%
13
102%
13%
25%
22%
100
45
-
104%
104
%
*404
1*200
58
49
257s
*25%
7%
49
*43%
60
49
44%
*'u
*69%
Webster
"
15%
*
i65
Wayne Pump
200
43%
■•>
44%
*57
2534
*45s
"""460
16
4%.Apr 27
par
Dec
15% Dec
>9012 June
V 3
Dec
25% May
gl2% Feb
2% Dec
f. 3%May, 6
i',« Feb 18
Feb 17 7 20% May 7
16
Washington Gas Lt
Waukesha Motor
61%
15%
*59
Warren Fdy &
600
v
130
♦81
61
•
">"560
■
2
*1%
130
*81
104% 104%
*99
2'4
*2
50%
103%
13
42%
59
49
*13
13
'13
.
27%
No par
J Warren Bros Co ......No
$3 preferred-------No
22%
27%
5
Pictures..
$3.86 preferred..
,
3,600
1
♦14%
15%
44%
59
50%
*58
44%
601
45
*58
50
*403% 10412
80
r
*43i2
■
Warner Bros
12,800
69
*20%
61
r
61
600
7*0%
7% Jail 17
4
5
8%
3%
33
ioIM
O
.1947 J
1st 4%s (Oregon
18% Feb
102
Mar
.3% Apr 23
31% Apr 17
13% Mar 23
2% Mar 7
•%\4ay
4
.
■
600
■
4%
4%
*63
14%
130
♦81
15%
1578
61 '2
-
1%
1%
130
*81
*60%
r
*14%
2
*18%
2234
29
13
*1%
%
19%
*'i«
14%
*11%
13%
12
135*1
JIB'S
*
178
200
*20%
*2734
36%
1434
*20
36%
: *.'1112
3%
14%
%
2234
36%
23
•
100
%
%
36
14%
—-No par
Walk(H)Good & W Ltd No par
Div redeem pref.——No par
Ward liaklng Co cl A.-No par
Class B-—No par
7% preferred...—
100
70C
i'n
%
:3678
*22
>.
32%
98% Apr
warr....100
Walwcrtb Co..
"2", 100
*3
65
z65
♦64
*;14U
!'
4%
.,
3%
*32
19
484
4,4% pref with
98%
7
16
.....No par
150
8
97%
O
J
.1979J
5% 10%
,15 . ,27
25
1017
J
Socony-Vacuum Oil 3s debs.., .1964 J
South & Nor Ala RR gu 5s-L .1963 A
South Bell Tel & Tel 3)48— .1962 A
130% Jan 26
6I4 Mar 25
A pr 23
--No i>ar
Walgreen Go
Apr 14
24-
100
l_.
WaldurtHystem
900
*3%
»»•
35s
200
16%
*95
37:
32%
141;
3%
3-8
6%
16%
99%
*95
*6%
16
Skelly Oil 3s debs..—
59
7%
,33%
A
9%
11
96%
7 x
10 Ik
O
.1950 F
2%
.8
5%
■•]■
359
25%
/-•
17%
4%.'
4
8%
.•:
,
:1
A
Simmons Co deb 4S———. .1952 A
4s
Wabash RR pref w
2,000
26
*25%
25%
63j
25%
25
.
6%
16
16%
90-k
*95
99>8|
*95
29%
*6%
10'4
27
2012
1941 F
51
:
96
7%
96
J
J J*Slleeian-Am Corp coll tr 7s
1
6%
25
7 X
10%
28
9%
8
.
25 X
A
1935 F
Southern Pacific Co^48 (Cent Pac coll)—_ ———1949
W
84
17%
14
53
7%
/
9
9X
'
*6« Series B certificates.-.1. 1935 F A
J
Southern Colo Power 6s A—
1
6
Shell Union Oil 2}*s debs..... 1954 J
.1961 J
2Una f debs.w—
3s debentures.
10% Mar 25
7%May
M
t*Seaboand All F4a 6s A ctfs...
| *6 x
7
V;
7 X
A...—-y-1945
7 ♦Certificates of deposit
iM*8!
tJ^Atl 4 Blrm 1st gu 4s.—1933
Aug
.
14%
1%
stamiied—.-.1950
♦1st cons6s series
45 •; July
57 - Mar
39% June
p,67
g
♦Adjustment, 5s.......Oct 1949
|4Refundliig 4s.—.-—.1.—-1959
♦Certificates of deposit-i,
••
Mar
28
|*48
7
Jan
15
20% Aug
•
r75. May H
120
Mar 11
Inc
Dec
Dee .,34%
15%
8%
.
Aug
•%
31
Apr
;
Jan 3
Apr 29
14,
Preferred
7%
-15
6
3
41% Jan. 6
55Jan 19
8
4
22% Jan.
11034May
Jan
«n
»)i Jan 30
.66
20
'
Chem....No par
Vultee Aircrart
19%
71
«
6%. preferred.. ——*——25
_
Vulcan
130
2U
Mar
19
.—.5
& Pac Ry—100
Virginian Ry Co
700
25
28
Y
7%
*19%
7% ;V 734
20%
20^8
70
25
130
2
Va El & Pow
170
■>
,11%Mar
6% div partlc preferred. 100
56 pref—.No par
Va Iron Coal& Coke 5% pf 100
1,200
••
,20% Jan
11234 Jan
30
May
Tool.-2.50
---5
Chemical Works
Va-Carollna
300
2934 Feb
preferred.--——.100
Victor
*70
=
130
*125
5%
100
1%
28
28
111% 111%
14
14%
1113
141
28
8'8
8
*20%
*2012
2734
111
112
*1%
13
273
*1%
2834
-
Co Inc
Vicks Shreve
......
20
14%May H
8%May 12
Vlck Chemical Co.
......
'■Y
20
*19%
20
14%
241-1
;•
*76?
82
*19%
18
18
*14i4
*24l8
28'4
*75-
<
65
1U
*U4
28
28
281
-
64
*56
20
112
2U4
♦14U
25
*28
*51
2
Jan
22
preferred...—.100
7% 1st
40
500
64
*51
85
1%
;
i
% Jan
par
100
Am.No par
Mach
Van Norman
Van Raalte
115%
*56 Y 65
64
*56'
29%
20%
114
31
*49
111% 111%
Ill's 111%
200
*29%
*29%
*19l4
9
♦19
207
114% 114'
31
114
31%
20
*19i4
*1*4
29%
Ik
29i4
138
23»4
HI'4
*4414
*2338
:
II6I2 *115
*115
*19
207s
*1912
116
301
116
*115
Preferred
Vanadium Corp of
1,200
♦8%
9
*8%
Vadsco Sales..—.i,t.i,No
70
15
15
143
14%
27%
*25
27%
♦25
25
25
8'2
8%
-
'3!
1,000
1538
*l3«
*u
F
»u
25
25%
*15'i8
25
*15'4
♦25.
'25
45%
1,32
'
16%
15%
1%
*0%
unstamped/——Y/1950
.
99% 101
1st gu g
Pub Serv 3%9-i--1970 M
1st 5s.-.1949 M
Santa Fe Pres 4 Phen
*♦ 1st g 4s
..
101 x 103%
103%
*102
76
.
-----
-
/
82%
75
J
'
3%sB.„1971 A O
4s—1943 J J Yob"i7»? 100'Xt 101
\W,<r .c*' 4,4'" *
S
S
'i02X "102 x 102X
Schenley Distillers 4s s f debS/ -1952 M S
*123%
Scioto V 4 N E 1st gu 48.*—, 1989 M N
f,Seaboard Air Line Ry—
- i > ^
S A & Ar Pass
San Antonio
162 %' Oct
75
15%
15%
16%
St Paul Union Depot
Sept
64
.
67%
69%
*31
10
88
15 x
t*st Paul E Gr Trk 1st 4 %s.—1947
tl4St P4KC 8h L gu 4%S..1941
Jan
28
89,
*59
60
75
42%
"16%
St Paul 4 Duluth 1st con g
157:'p Jan
/jau
.
Jan
Jan
74
91% m 96%
106% 107%
55
42
J
f*lst term & unifying 5s—1952 j
A....1990
Nov
16%
.
73
[J
♦Gen & ref g 5sseries
Sept
62
Dec
♦2d 4s Inc
13
42
—.1950 \i"j
♦1st 4s bond
Jan
1%
1%
Dec
7n
Jan
9
63
J
fSt Louis-Southwestern Ry—
Jan
130
»I« Jan 19
sg Apr
7%
sx
95
*72%
♦Certificates of deposit.
Apr
Jan
7034 Jan
Dec
■
16
4%
107
MN
♦Con M 4 %s series A—. .—..1978
♦Ctfs of deposit stamped——
65%
76%
Dec
Dec
,
Mt & P 6s
♦Prior lien 5s series B
28% Sept
103% Sept
47
5
10%
9
8%
*55
f*St L-San Fr pr lien 4s A.---1950
♦Certificates of deposit
Sept
105%
46% Jan 14
V' 1
i5
39% Apr 14
133s Mar 28
.
Jan
24-
Apr 16
>i|«
,'
$6 conv
39%
♦143
15(^
14
,
St L Rocky
2% July
•
Dec
58
43%
69
20
7 >4
*8
stpd—1955 IJ
.
26
% Dec
13% Dec
Jan 19
71
15
15% Apr 29
3934 Mar 27
preferred/—No par
Universal-Cyclops Steel Corp 1
Universal Leaf Tob.. .No par
8% preferred
.——100
Universal Pictures 1st pref.lOO
25% Dec
18% Apr
;
109% 109 %
109% 109%
106 x 107
"13^
J
IJ J\
t*St L Peer & N W 1st gu 53-1948
M S
St L Pub Serv 1st mtge 5s. —1959
Oct
31% Aug
34% Feb
Dec
51% Jan 14
May
105
Feb
20%
72% Jan 16
45
Oorp.__.l
A...--.-5
United Stockyards
United Stores class
400
*13%
13%
4134
4134
42%
4U2
145
143
*%
*3458
54 %
17% Jan 14
107% May
100
—
Apr
7
-
-----
*100
*§Rlv & G Div 1st g 48-..—1933
♦Certificates of deposit../
V
4% Aug
10% Sept
Mar 10
51
June
33% Aug
Dec
37% Apr 17
58
Apr 28
;
43
Apr
4
6
13">gMar
Jan
9%June
Feb
30
Feb 2
8
Apr 27
24% Jan 25
% Apr 17 •1)1 Mar 11
20
■;:sr
"li¬
no?
94%
M 4)48-1966
1st 4s._ 1947
St Lawr & Adlr 1st g 5s..——1996
2d gold 6s
-.1996
St Louis Iron Mtn & Southern—
5%
:
*109%
S
130
Saguenay Pow Ltd 1st
St Jos & Grand Island
Jan
183
Apr
25% Feb
111
7
May
July
2%
263)May
„
Co-.-—-No par
7% preferred ...25
""360
•5,6
*34
7|«
39%
Preferred.
2
Jan 20
13
,
20
12
Oct
69%
Feb
33... Feb
34% Jau 27
3% Jan 20
10% Jan 26
39
July
4%
39% Mar 28
Jan
19
7% Dec
Dec
170
5
82
234
July
93%
37%
Jan 30
21
U 8 Tobacco
1,100
Jan
53%
20%
53 '4
26%
S
J
RR4^sstpd„—-1941
t§*Rutland
4% Sept
Feb
9%
.
,
Dec
83
6-34 Jan 14
Apr28
99
..No par
U R Steel Corp-
43
'■•is
%
*%
34%
13%
39%
3,200
*42
43
*42
'hi
"22,900
107% 108
17% ,17%
107% 108%
1734
17%
»i«
.
7i»
3914
*35
42l2
*1314
1358
*i3>4
7i«
:
39U
*37
39U
*34%
7u
463s
45%
4534
45
43
*'%«
'
13
1383
,
*42
34
•
4714
17%
17%
43
*41'4
61
46%
108*2 109%
108% 1013s
*46%
59
4 7 >8
4634
4734
46%
62
*59
62
*59
A.—No par
172
Jan
1434 Nov
4
M
H——-1967
53%
52
24^
*
series 1
1967
M
Gen mtge 3J4s series J — -.1969
M S
M*R I Ark <fc Louis 1st 4^8-1934
i*Rut-Canadlan 4s stpd--——1949 |J J
Jan
117
2% Dec
Feb 25
Apr 28
7
Co——-10
8% 1st preferred.------100
U 8 Smelting Ref & Mlu_„50
Preferred---..-.—
50
500
1
Apr 27
May
4%
34%
21%
2%
U S Rubber
60
•
11% Jan 26
48% Mar 4
159
10%
Dec
series
3
Gen mtge
Dec
100%
39
53
O
A
53 %
25^
J
4s—1939 j
A.-.1949
High
98
2
99 yi
53 %
M
Gen mtge 354s
Jan
,
79
May
100% Dec
8% Apr
2% Dec
4% Feb 27
3% Jan 6
87
42
Dec
,
4%
5% Jan 16
15% Jan 30
11
40% May 13
preferred-...—.-.100
U 8 Pipe & Foundry...
20
U 8 Playing Card Co
10
U 8 Plywood Corp.--.---.-1
tU 8 Realty & Inapt—No par
""906
22%
22%
22%
223s
Partlc & conv cl
1
106% Jan 17
25%May 15
Prior
115
*105
115
700
8%
*8%
8%
8%
105
*1.05
100
2%
2%
234
2%
""600
60
6% May
7% preferred ——.——100
U 8 Hoffman Macti Oorp
5
5.%% conv preferred..—.50
U 8 Industrial Alcohol.No par
U 8 Leather Co
...No par
103
434
434
5
*4%
*35
30
2% Apr 17
77% Apr 9
17
Jan 7
pref.100
Co—...-No par
U 8 Gypsum Co— ———20
3,103
*160
5
3
& coll trust 4s
Since
Jan. 1
No.\Low
High
*98 %
M N1
IM S
Gas & El 4^9 ser D._-.1977
Roch
5% July
.
Feb
Mar 12
3
-
U 8 Freight
41
2534
fQ
Secur... No par
No par
U 8 Distrlb Corp conv
1,700
39%
—
56 1st preferred
10
710
163
163
9
9
834
*834
8%
*8%
115
115
*105
11378 "105
11378 *105
2214
22l4
22%
22t2
23%
2214 22%
2218
28
28
29
28
*27
28
*2712
*27
2134
21
21%
2134 *21
21*4
*20%
*21
13
*%
s4
•'Y%
*5S
834
800
2534
*35
26'4
234
26i4
United Fruit Co
4,100
;
ay
S^rAi
_.pr
tar
Mar 27
5
72% Jan
35
2
534 Apr 30
93% ivlar 27
II84 Apr 28
50%M
.-No par
3,500
3%
frll
>^ay 13
28
.5
—
98%
14
3%
2%
83%
25%
6*4
40%
5
*458
3978
*34
26%
27s
87s
26M
*2i2
—
Nov
51
fan 10
f0% May
Jan 10^20-% Ml
60
con
Range
II
Asked
&
Low
Cos. (.Con.)
Brass 3
tS*Rlo Grande
t§*Rio Grande West 1st g
♦1st
Bid
Price
Ms...I960
June 1st gu 5s. 1939 j D
Revere Copper &
'
Coal Cos
United Electric
United Eng & Fdy
100
52%
*22%
167
2,100
334
3%
42%
4014
*162
5
4%
3978
*35
39%
*2534
43
240
4%
29
98%
*2%
7%
36%
4%
*26
52%
*78%
24
♦34%
234s# ftn-40,
34%Ma/l2
Highest
1
per share |$ per share
6% Sept
27gJune
3% Sept
138 Dec
1% D
Jan 28
65«
134 Apr~
Corp.-_-.10
Preferred.---.-——.—100
Week Ended May 15
Railroad & Indus.
15
4% Apr 15
5
United Drug Inc
97%
13%
3%
2%
334
314
2%
Par
■■,
Highest
$ per share
United Dyewood
52%
3%
5234
80
'•
703
2C0
*1%
29
13%
7i2
167
4%
13l2
23i2
734
34%
*26
97%
80
24
2334
1»4
9
♦IBM
314
*2i2
2*8
*
334
334
98
83i2
734
*4%
5
*4 >8
*34
53
♦2%
43
43i2
43
*161
161% 167
167
53
*134
'V: '•>......
Shares
5
2
*434
4%
2
35
4%
434
28
*80
778
4334
43
*161
378
97l2
1312
*314
28
537s
378
97t2
1334
3%
53U
*3438
4'2
28%
4.12
*4i2
434
% per share
$ per share
434 j
2
351«
4i2
434
1%
35
4%
*28
5t14
37»
97ix
1334
3U
2%
83%
2334
5338
97
*95%
3
4 34
28%
4%
*28
\
$ per share
% per share
*434
Lowest
Lowest
$ per share
Y. STOCK
V
May 15
'
f per share
434
4S*
100-8/iare Lots
On Basis of
STOCK
NEW YORK
Week's
Range or
Friday's
Sale
EXCHANGE
N.
Year (1941)
■
Last
BONDS
Range for Previous
Range Since Jan. 1
STOCKS
LOW AND HIGH
Monday, May 18, 1942
CHRONICLE
COMMERCIAL & FINANCIAL
THE
,
ioix
ioi%
-
100% 100%
100% 100%
100% 100%
100% 100%
100% 100%
300% 101%
100% 100%
100% 101100% 100%
KVWW
Volume 155
OfttMW tfNhMMIINlM
btW4 lUttOTtatthJ
Mfrt m*
kWyil'uW
"i
IHUVJ,^
H
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
jiitij W*'f
1905
NEW YORK BOND RECORD
STOCK
EXCHANGE
Week Ended May
Sale
fe
R
Bid
Ft ice
15
Friday's
.
tfc
A sked
Low
Railroad & Indus. Cos. (Con.)
Jan. 1
uqco
No. Low
High
N.
Since
I?
♦
1
2.05s..
May
1
——....Nov
1
2.15s..
2.20s..
1
1
May
1
1951
1
2.408
101%
100%
100% 101
100% 101%
100
101
100%
100%
100%
101%
100
101%
100% 101%
100% 102
♦Toledo A Chic Dlv g 4s—
♦Ctfs of dep (reorg rngr)..1941
*100
MN
'
1 1952 MN
Nov
1
1952 MN
1
1953 MN
...Nov
1
1953 MN
2.55s. ..v........ May
1
1954 MN
2.00s
1
1954 MN
*101
2.65s.
May 1 1955 MN
United Stockyards 4%s w W..1951 A O
102
Nov
Utah T.t & Trac 1st & ref 5s._..1944 A
Utah Power & Light 1st 5s....1944 F
100%
100%
0
91%
95%
93
97
f 4s series B
s
78%
80%
45
46%
15
35%
37%
133
27
27
79%
23%
~A
....1976 F
1955
25
Va Elec & Pow 3 %s Her B
1968 M
110
S
Va Iron Coal A Coke 1st g 5s.. 1949 M 8
Va A Southwest 1st gu 5s
J
2003 J
1st cons 5s.......
1958 4 O
Virginian Ry 3 % series A
75
93%
94
93%
*70%
1966 M 8
107
100%
91
Warren RR 1st ref gu g
W
1939 J/N
87%
87%
87%
1939
V
A
30%
♦Ctfs of dep (reorg rngr)
*39%
80%
50
39%
44%
1
24
6
23%
Low
M S
82%
82%
J
J
24
28
Wilson A Co 1st M 4s A-
26%
22%
27%
"45
83%
105%
103
86
39
83
23
43%
43
95
47%
102% 104
112
93
92%
"93
105%
*102%
105
33
114
90% 95
104% 106%
100% 103
103%!
114
4s... 1949
gen
50
40%
,103%
103
J
32%
32%
S4
88
81
85%
100% 101%
6
44
43
"44%
45
37
45^
44%
ter 1st 4s..1936 •UN
1,5%
"19%,
332
199%
25%
24%
103%
195%
105%
6
101%
50%
45%
25% V
9
21%
108% 110
105
108%
12%
12%
21
20
24%
Wisconsin Elec Power 3%s...l968 AO
Wisconsin Public Service 3%s. 1971 J J
{♦ Wor & Conn East 1st 4%s.. 1943 J J
*12
h
114
37
37%
71
3
28
23
103
101
101%
High
20%
20%
79%
82%
112%
♦Certificates of deposit.....
{♦Su A Du div A
28
26%
103
1955 J
♦Certificates of deposit
24
22%
22%
83%
51
83
"
Low
35
*103
Conv deb 3%.._
1947
Winston-Salem S B 1st 4s.....I960
{♦Wis Cent 50-yr 1st
2
27
30%
30%
42%
43
Pulp A Paper 3s..... 1954 J D
Wheeling A Lake Erie RR 4s.. 1949 M S
Wheeling Steel 1st 3%s ser B..1960 M 8
27%
;
25%
87%
No
High
101
"43%
Since
Jan. 1
aq k
82%
85%
82%
•
85
MN
J
I?
28%
—
West Shore 1st 4s guar. J.....2361
Range
or
Asked
29
♦5s assented..........;..... 1946 M S
Telcg g 4%s—1950 UN
25-year gold 5s............ 1951 J D
30-year 5s_
1960 U S
28%
1
55
100
3 %s.._200G F A
33%
9
88%
99
101
"34
95
101
133
81
106
Conv deb 4s....
1948 M S
191%
2
90
105%
1st mtge s f
19601M N
99%
1
31
40
69%
83%
87%
88%
1st mtge
88
79
30%
42%
35
78
88%
,
'
44%
34%
1966 J
83
Youngstown Sheet & Tube—
1st A ref
O
West N Y A Pa gen gold 4s
...
1943 A
119
121%
107% 109
107% 110
110
111%
108
108%
111
89
88
90%
100%
99%
102%
O
104% 105%
121%
111
90%
J
5%s series A......1977
8
a
105%
J
1952 A
3%s series 1
Western Maryland 1st 4s
43%
33%
83%
*98%
120%
107%
108%
1963 M S
West Penn Power 1st 5s E
♦Ctfs of dep (reorg rngr)
75
35
"io
25
101%
M S
84
.
25%
100
Washington Cent 1st gold 4s.. 1948 Q M
106% 109
{Wabash RR Co—
{♦2d gold 5s
'■
28%
26%
27%
155"
S
215
101
Washington Term 1st gu 3%s.l945 F A
1st 40-year guar 4s
1945 F A
Westchester Ltg 53Stpd gtd..,1950
D
D
Gen mtge 3%s
..1967
{♦1st gold 5s.
23%
26%
*25%
24%
24%
25%
*25%
*09
Deposit receipts
75
A.1946
A
3%s
ser D
101
93%
99%
101
102%
99
100 %
91
70%
72%
rt)7
87%
O
:
103
{{♦Warren Bros Co deb 6s...1941
109% 110%
69
75%
110%
*70%
4
1948 M
Warner Bros Plct 6s debs
111
To
1955
6s debentures
A
ser
Bid
33%
80%
37%
♦Ctfs of deposit (assented)..
♦Ref A gen 4%s series C
1978 AO
93% 101%
& Indus. Cos. (Concl.)
West Va
♦Ctfs of deposit (assented)...
1957 M N
27
*83%
♦Ctfs of deposit (assented)..
4s.series A. 1955 F
30%
46
♦Ref gen 5s series B
102
97%
30%
40%
Friday's
Price
•Registered..........——2361 J
{♦Wabash Ry ref A gen 5%s A. 1975 M S
♦Ctfs of deposit (assented)..
97%
15
Range
Sale
fe
Western Union
93%
37%
.V-.
♦Gen mtge Inc 4%s series B.1991
100% 101%
103%
71%
89
95
*37
rngr).. 1939
Walworth Co 1st M 4s
Cons
f.Hlgh
69%
1st mtge 4s series A
1971
Gen mtore 4s scries A.-.1...1981
V
cons g
Railroad
R
Westingbouse El A Mfg 2%s..l95l
♦Ref A gen 5s series D......1980 AO
Vandalla RR
No. Low
....
*33
♦Ctfs of dep (reorg rngr)...,
100%
96%
95%
95%
♦Ctfs of dep (reorg
100% 103
100% 102
100% 101%
93%
93%
A
101%
102
♦too
*70%
♦Ctfs of dep (reorg rngr).. 1941
100%
100
*100
2.50s
High
Week Ended May
Last
51
Y. STOCK EXCHANGE
1
♦Omaha Div 1st g 3%s„ —1941
*100%
1948 MN
....May
2.45s.....
JjOW
Jan.
♦Des Moines Dlv 1st 4s—
100
100% 101%
100
100%
101
1951 MN
Nov
101
100
1950 MN
2.25s..
100%
100% 101%
100%
1950 MN
—Nov
....May
Asked
N.
{♦Western Paclfij 1st 5s
*100
1949 MN
2.30s.....
2.35s
cfc
BONDS
Since
1st Hen g term 4s.........1954
*100
1949 MN
2.10s..
May
Rid
♦Ctfs of dep (reorg mgr)._.._
♦Det A Chic Ext 1st 5s—
100
101%
101%
101%
*100
1 1948 MN
...May
2.00s..._Nov
_
Price
Week's
Friday
Range
5 °
JWabash IIR Co (Concluded)—
Serial debentures (Concluded)—
— —
Friday's
Railroad & Indus. Cos. (Con.)
United States Steel Con) (Con.)—
1.95s
Range or
Sale
STOCK EXCHANGE
Y.
Week E lded May 15
,,,
High
<
Week's
Last
BONDS
Range
Range or
Last
BONDS
Y.
N.
Friday
Week's
Friday
year's range,
r
d Ex-interest,
the yair s range,
n UnJer-the-rule sale
Cash sale not included ii the year's range.
Odd-lot
e
not Included
•
In the
} Negotiability impaired by maturity,
tion per 200-pound unit of bonds.
of $1.8484.
{ Companies reported
t The price represented Is the dollar quota¬
Accrued interest payable at the exchange fate
being In bankruptcy, receivership,
as
reorganized under
or
Seotion 77 of the Bankruptcy Act, or securities assumed by such
companies.
♦
Friday's bid and asked price. No sales transacted during current week.
♦
Bonds selling fiat.
91%
97% 102
102% 104%
102 %
Deferred delivery sale not included In the
year's range,
sale not ino.uded in
BllSlllB NEW YORKs CURB EXCHAN6Es|i||i§||l|t
WEEKLY
NOTICE—CasK
s[rid
In
tended
include
to
(May 15, 1942).
Week
High
Sales
STOCKS
Last
Week's Range
(Continued)
for
of Prices
lJ)w
Sale
of Prices
Range Since Jan. 1
Shares
Low
'
Par
High
Associated
Price
Low
High
20
19
18% May
2%
XI
%
:
5
,
1%
1 %
Apr
20%
Mar
>n
I'm
*M
200
%
May
20%
Alabama Gt southern--50
77
77
Alabama Power Co $7 pf_*
96%
96%
:
20
75% May
-83
10
94
..
31
♦
$3conv
87T
"550
6% 4>referred.,,.r.r100
.
102%
.102%
KM)
500
*
Aluminium Ltd. conuqon.*
.
Jan
1%
Jan
"ji
19%
22%
"75%
75%,
78 i.
""266
Class
B.k.-
Amer
Jan
Apr
5 %
Jan
74
r.Mar
78%
Apr
Jan
Apr
%
sie
5%
50
5%
5%
100
4%
—.10
%
%
Jan
8
12% May
1%
Am
dep rets ord reg—10s
2%
100
3
300
2%
12%
13
Jan
Feb
400
1%
1%
8%
9
7%
Jan
%
2
Mar
Jail
10%
Jau
Feb
2
47
Jan
53
%
11%
4%
Jan
Api
'50
35%
Jau
40%
Apr
£9%
67%
Apr
Jan
Mar
15%
91%
m Mar
12%
Jan
13
Feb
Brown Forman Dlstllleis.l
>
■
$6 preferred
-
Bruce (13 L) Co
Brack
*
J
-
Rubber Co com..l
common.5
Silk Mills Ltd..-*
39
Feb
%
Jau
%
Mar
Feb
12% Mar
Jan
Burco Inc $3 pref
12%
800
81%
300
Bunker HID VSulllvtn 2 50
Jan
11%
■
4
%
Apr
Feb
Jan
39
80%
Buckeye Pipe Line
60
Buff Niagara 4 East Po'f—
3%
Mar
Mar
Mar
1%
1%
1%
.*
3%
13%
2% May
2%
3
%
600
A;..*
Brown Fence & Wire com .1
16%
2%
Jan
Jan
Jan
;25
.*
'u
1.1%
700
12%
Mar
Mar
Jan
%
Feb
%
Jan
Jan
Burma Corp Am deprcts.-
Jan
Jan;
i;
*11
Jan
—..*
Mar
14
Jan
$1.60 prelerred
Burry Biscuit Gorp..l2%c
%
21
35
%
209
Apr
4
ft
Apr
Feb
Jan
5
Cable Elec Prod com..50c
Vot trust otfs
Feb
Jan
Baldwin Locomotive—
Purch
21%
21%
21%
20% May
700
28%
Jan
j
69
Mar
2%
Barium Stainless Steel.—1
1,400
2%
Apr
4%
Jan
30%
100
29%
Mar
33%
30
30
Feb
3%
Jan
Callite Tungsten Corp„.l
""800
1
Jan
Canada Cement Co
3
3
»u
$1.20
Mfg—
A com....5
14%
Jan
13
Jan
Basic
Jan
Mar
41%
Jan
Feb
6%
Beau BrummellTle8 Inc.-l
»ie
Beaunlt Mills Inc com.. 10
%
28%
May
Jan
conv
200
%
Mar
1%
1%
500
1%
Jan
19%
25
15%
3% Feb
1% May
Apr
1%
19%
California Elec Power—.10
1%
Jan
2
Apr
Ltd.*
Canadian Car 4 Fdy Ltd
Apr
7%
7%
Jan
Baumanu—See "Ludwlg"
-
Mar
2%
1%
Jan
"~H
2%
Baldwin Rubber Co com.l
Feb
30
7% preferred
Am den5U% pref shs £1
Calamba Sugar Estate. .20
varrants for com.
Jan
6%
50e
Cables 4 Wireless Ltd—
Jan
%t
29%
29
30%
10
17%
7,400
90
17%
16%
90%
1 Jc
$2 conv preferred-.'
1
Amer
Lt A Trac coin....25
5,100
10%
13%
90%
450
82%
1%
25
400
1%
200
24%
4%
Refractories Inc_..l
4%
200
4% May
7% partic preferred—25
19% May
Jau
Canadian Dredg & Dock.
"""50
6%
7%
Bellanca Aircraft 00m
2%
2%
600
Bell Tel of Canada...-100
Jan
Benson & Hedges com
28%
Feb
32
May.
1
Apr
18
Jan
18%
Jan
22
Apr
Apr
11
Jan
25%
300
Apr
%
26%
$2.50 preferred
Blrdsboro Steel Foundry
Mar
20%
Jan
79%
ht
12
Hi
20 j
.30 1
400
3i«
Chemical^.*
39
T\
700
H
■£•-25
38%
5
5 v
■'.£ 25
39.
1,400
-4%
& Machine Co corn....*
6%
6%
1st $6
Corpcora *
1,200
t %
2,000
6%
Mar
Jan
Jan
2%
33%
Apr
48%
Jan
Apr
2%
Jan
3
2%
200
;1
„
Apex Elec Mfg Co com...*
27
_*
Blumenthal-(S) & Co.—.*
C) Co corn..^*
7% 1st preferred
100
Borne Scrymser Co
25
Bourjols Inc.---—.
*
Arkansas Nat Gas
Commoncl A
com.,
92%
92%
2%
Jan
Feb
2 %
>*i«
Jan
7% May
,1%
Apr
Mar
9
Jan
Apr
103%
Jan
i.*
150
6% preferred."..£..10
Equipment Corp
1
•7%
'7%
%
2,100
1,500
%
Ashland Oil A Ref Co..—1
For footnotes-see page 1908»
6%
76
Te% *"e"%
5
Assoc.Breweries of.Can..♦
91%
300
%
Arkansas P A L$7 pref...*
Art Metal Works com
Bowman-Btltmore com...
7%
1st preferred
5;
..
4
i. -.
1
Jan
H
%
Carnation Co common...*
£
*
10
arl9% il9%
35% 35%
103
103
CarolinaP & L s7 pref..
%
Jan
12
Feb
95
;95
.
103
;
.; 50
10
20
Apr
10
95
Jan
...'
Carter (J W) Co common. 1
Feb
35
Carrier
Jan
Feb
Jan
Apr
103%
Jan
90
4%
m
6:
5
Jan
Catalln Corp of Amer
Mar
Cent Hud G & 13 com
42
Mar
Cent Maine Pow 7% pf 100
Jan
34
Mar
Cent N Y Pow 5% pref. 100
Apr
Jan
.
1
—
Feb
Mar
6
4%
Cent Ohio Steel Prod_„..l
%
4%
1,000
....*
Jan
1
111%
42
Jan
5% Mar
Castle (A M) common..
Corp common.—1
Casco Products
May
Mar
35
30
rl9% May
35% May
99
Apr
Jan
30%
35
v'10
Carman & Co class A...
f- 5%
35
.
■'
*
„
100
$5 2d preferred
,
...*
Brazilian Tr Lt & Pow
Brewster
♦
Aeronautical._.i
Bridgeport Gas Light Co.*
non-vot.I*
Marconi
Jan
5
Mar
4%
1%
35
'"106
,5-r
'100
4%
.400
6%
1
Jan
2% May
.
6%
5%
A pr
Jan
3%
;.7%
93%
Jan
Jan
Apr
2%
500
"91". "«i"
"40
90
Apr
Apr
80
74
Feb
85
Jun,
7
Jan
8
Jun,
Apr
107
2%
.*
„*
Jan
Jan
Jan
75%
76:
Jan
Jan
Jan
*i#
Jan
6%
4%
6,200
6%
.6%
7
7%
300
"4%
4%
5%
3,600
19%. 19%
25
1%
600
_
V
%
Jan
Feb
2
;".n »i«
6
"T
Cessna Aircraft Co..
6%' Mar
Jan
7
May
4% May
19
May
10%
8
%
Preferred
Brill Corp class A
Feb
Class
5%
Jan
7%
4%
13
Jan
Jan
S6
Cent Pow 4 Lt 7% pfd 100
Cent 4 South West Utll 50c
Jan
Mar
Jan
1
B
preferred
*
*
1%
"i00
1
*
!
2
Strip Co-
-
May
13
2%
Mar
3
100
3 %
Jan
4
7% May
.70%
Apr
47
Apr
83
Jan
52
Mar
6
Jau
l5
2%
Feb
Chesebrough
Apr
Chicago Flexible Shaft Go 5
Chicago Rivet 4 Mach—.4
.3%
%
Apr
45"
"45"
"ioo
Jan
%
Apr
May
12% May
30%
Apr
55%
Feb
43
Jan
14%
Jan
31%
Jan
Jun
Apr,
8%
Charls Corp common—.10
60
Jan'
%
Feb
100
3,000
%
Chamberlln Metal Weather
20% Jan
»i«
2
*
...100
Jan
Jan
52
100
Brlllo Mfg Co common.—*
Class A-.....-
1%
h»
H
8% *1*9%
Cherry-Burrell common..5
Bridgeport Machine..
8
-
5
Jan
87%
Jan
,3%
Jan
7%
Mar
13
6%
Jan
1%
Mar
Apr
Apr
%
1%
v
Breeze Corp common....1
preferred...—100
"...
j.
i.
7% preferred....... 100
Canadian
1
Appalachian Elec Puwer^-r
4%%
Canadian Industries Ltd—
Jan
2 %
Jan
Jan
.2
.
*51, Jan
Jan
%
10
38% May
%
"iirT'Ii%
%
2
oonu*
Anchor Post Fence
Jan
Jan
.16%
11%
W) common.
$3 opt conv pref
May
Apr
Apr
1
Blue Ridge Corp com.—1
150
$6 series preferred
Amer. Writing Paper
Jan
»i». Feb
Bliss (E
hi
American Thread
Angostura-Wupperman
Mar
8%
2%
10%
Blauuer's common
Jan
1%
37%
*11
25
Feb
Mar
32%
8
Jan
.2%
37%
3 JO
117
Apr
Feb
2,600
preferred........
.*
5% pf..5
Feb
6%
Bohack (H
Am Superpower
Jan
2%
100
2%
Apr
;•
2%
Mar
S6 preferred;.
%
c
Mar
Beal-Kap common. T1
Apr
May
Jan
38%
61%
Jan
20
Jan
2%
Mar
Feb
9
38%
*
27%
85
Jan
■■i 100
1%
20
2%
*
3%
Mar
Blcktords Inc common...*
7%
>8%
♦
Class B 11011 vot
9%
Canadian Indus Alcohcl—
Capital City Products...*
Berkey 4 Gay Furniture. 1
100
21
Class A voting
Jan
Feb
1,800
11
,
ay
Jan
Feb
-*
24%
.'
2%
30
Feb
8%
May
108
*
Conv preferred
4%
22
Apr
6%
2,000
9%
Amer Meter Co— —-—I*
Republics..—10
2%
Beech Aircraft Corp.....1
20%
100
Preferred.l-l-. 100
American
104
Jan
7% -Mar
Jan
Jan
9 "
Amer Mfg Co common.
Amer Potash A
Apr
Apr|
3%
21
pref......20
Jan
12%
20%
Mar
conv
20%
9
6% preferred--;.— — -25
Amer Maracalbo Co....;l
Apr
27% May
.....
....
Laundry Much.u.20
Amer
:
1%
24%
"24%
$2.50 conv preferred.--1
Amer Hard Rubber Co..25
Aro
8
Jan
Jan
B
FeS,
%
4%% preferred-..-.100
American Gas A Elec
Amer General Corp com
I
Mar
7i«
7
Apr
8
4 %
Apr
4
v -Apr
Amer Fork A Hoe com...*
•
3%
Apr
600
Ayrshire Patoka Collieries Jl
Jan
$1.50
'-
Jan
Barlow Si Seelig
5%
dep rets crd reg..-£1
Cyanamld class A. 10
Class B n-v
»
27%
Jan
ht
Jan
——1
Am
British Celanese Ltd—
-
Jan
Amer Foreign Pow warr.—.
Amer
2%
500
19
Class A common
7%
65%
250
Jan
% Mar
Warrants
Axton-Flsher Tobacco—
„
4%
67%
"700
22
.25
'jj
xr,7
%
2%
F) & Boos com.fi
24% May
Feb
A
Jau
Apr
100
Jan
Apr
20%
10
Mar
150
"12% "13%
i
Babcock & Wilcox Co....*
A.-.—-4.——-25
Class
;>
"23% "23%
Feb
3%
6% preferred x-w—.-25
Jan
12%
3%
com..l
American Book Co.i... 100
Amer Box Board Co com.l
American Capltul—
/Class A com on.;.. 10c
,; Common.class B.rrr 10c
$3 preferred
-*
$5.50 prior pref
-*
Amer Central Mfg....--1
Amer Cities Power A Lt—
Conv class A—-...--25
109%
Jan
6%
,_*
Avery (B
105""""Feb
114%
90%
»n
-
Mar
3
A utomatlc Voting Mach..*
Jan
May
May
9% Mar
$5 1st prelerred
Mar
Apr
Feb
13%
May
Jan
Feb
%
4%
6% preferred.100
24%
"""%
l'lywood Corp
Atlas
Feb
May
64
May
3
"366
Corp—.1
Jan
2%
99%
American Beverage
""3%
23%
Atlas Corp warrants
12
Aluminum Industries com
3%
Atlas Drop Fcrge com...5
78%
Aluminum Goods Mfg--.*
641
106
"
3%
Atlantic Ccast Line Co..50
6% preferred w w
,
10
64
High
9
Brown
Atlantic Rayon
Low
£1
Class A preferred
64
100
Atlanta Gas Lt 6% Pf-100
Coast RR Co pref...
Altorfer Bros common...*
£84%
Jan
Feb
Jan
Range Since Jan. 1
Shares
Feb
»lt
Mar
Feb
-
Aluminum Co common.. .♦
>i«
-
%
97
20
25
Jan
Jan
Jan
H
107
18
"'221"
"22" *
26
Jan
>«4
%
Feb
Apr
.1
preferred.—*
Class A conv coin
»u
100
Mar
Apr
High
Amer Tobacco-
Am dep rets ord bearer
Atlanta Birmingham &
Mar
Low
Mar
Brltwn
,,u.;v'
%
Atlantic Const Flsher.es..1
Price
10
British Col Power cl
Allied Intl investing-*-.
Allied Products (Mlch)-lO
100
Mar
H
Automatic Products
Investment
%
ht
1
'
Jan
Week
"
*
83%
2%
preferred-
Alles A Fisher Inc com...*
2%
Apr
132
"4#
Mar
Assoc Laundries of Amer
Apr
Jan
%
800
*32
Appliance..3
8%
for
of Prices
Par
Assoc Tel & Tel class A..
Jan
5%
May
-1%
;
Warrants
Alliance
Jan
May
5%
common...2
Conv preferred -—---10
5%
Jan
4
Aircraft Access Corp.;.50c
$6
Jan
UI6
200
Class A
Week's Range
Sale
High
;.v.
$5 preferred
Feb
Mar
1%
4 %
J)--l
Air Investors
Air Way Elec
20
Mar
Mar
Feb
Jan
,4%
Alusworth Mfg common..5
Air Associates Inc (N
22%
Mar
20
Low
Last
British Amer Oil Co..-..*
Common
18%
AexoBupply Mfg Class A.1
Class B
..."
1
STOCKS
(Continued)
Shares
{Associated Gas & Elec—
18%
shown
Sales
Friday
Range Since Jan. 1
for
Week
Industries
Elec
Amer dep rets reg
Acme Wire Co common.10
are
It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
Friday
Sales
Weeks' Range
Sale
Price
range
for the ^ear.
range
security, whether stock or bond, in which any dealings have occurred during the current year.
every
Last
Par
RECORD
furnish a complete record of the transactions on the New.York Curb Exchange for the week beginning on Saturday
we
and ending the present Friday
Friday
STOCKS
No account is taken of such sales in computing the
they occur.
the!following extensive list
last,(May 9, 1942)
YEARLY
week's range unless they are the only transactions of the week, and when selling outside the regular weekly
deferred delivery sales are disregarded in the
to a footnote In the week, in which
AND
Mfg
25
47
4%
47%
4%
z4%
Feb
Jan
%
10%
Jan
Jau
.
1906
NEW YORK CURB EXCHANGE
Last
Week's Range
for
Sale
of Prices
Week
Par
Price
Low
10)4
50
common—10
2K
2 K
2K
700
preferred--—----—*
84 >4
83 X
34)4
350
•Chllds Co
10
preferred- --100
-
Cities Service
X
2 K
4 '
6K
Apr
63
ivlO
40
60
65
20
40
4)4
300
14)4
"ioo
4
"U"
Jan
High
Low
Equity Corp'common.. 10c
$3 conv preferred
1
Range Since Jan, 1
Shares
Low
700
!>m
Par
*i»
Jan
•
13K
2K
.500
14K
2K
1354
May,
"2X '
MO
3K
16K
Jan
.2 K.Apr
22
Apr
3K May
,Jan'
2K'
19
1
iEversharp Inc com
300
Jan
L2X
Apr
fan
82 X
Ha
K
Apr
;
25
V
25
Fairchild EngA-Alrplane. 1
Feb
5
Mar
300
IK
AX
•IK
2.300
AX
Apr
Mar
Jan
Feddera Mfg Co
-
-
-
"ix 7
ax
4K
-
Fed Compress &
iPhlla). 10
*
6K
6K
i 4K
200
9K
'
3)4
634
Apr
434 Mar
6K
•
X
Mar
"""% "TK """266
Jan
"2 TOO
2
Mar
3)4
1)4
Fire Arms -25
K
1
58 K
7K
3)4
700
1
May
2K
72 X
4K
2
1
3K
K
4K
"
2K
58 K
!
59 K
68 K
150
; 21 K
M ay
220
Apr
34
Apr
j.y X
Mar
34
22
18 K
2,100
i»t
21X
preferred——100
X
7K
55K
Mar
Feb
International-Cigar Mach *
10K
Mar
'•IK
Feb
2
Jan
1K
Jan
I K
4K
Apr
4K
Jan
Apr
j#1 May
"i*
Jan
8K Mar
9«4
9)4
Jail
—— —•——
H
X
Jan
*7
Dlstrlbutlon-.l
Community Pub Service 25
Commonw
"1*4" T ioo
"H
»i6
Community Water Senr—1
p.
Jan
Apr
Jan
Jan
Jan
Internat Paper Co warr.
Jan
Am 'dep rets
78 K
79
Jan
8K
8'K
»n
134
Apr
6434
Jan
1K
A2%
Jan
IK
12 K
12K
12K
Feb
Class B
f.. 1K,; Jau
10
Jan
"1234
May
Jan
13K
Feb
Interstate
Feb
Interstate Hosiery
$3,50
9K
1
9
Jan
17
200
;
1
pref.—.15
1
63 convstook.,
*
4% oonv preferred.- .100
10K
1 h
414% series B Pfef-100
{ 4% pref series C-—100
iconsol Gas Utilities
1
Mar
Smelt Ltd.5
Stores—--1
8% preferred
—.100
29 X
Consol Mln &
1,100
39K
Apr
Mar
Jan
Jan
100
320
IK
1,000
29)4
250
96K
IK
25 X
IK
29
52 k
Mar
106K
108
9814
IK
154 May
IK Mar
Jan
1
100
1
43 a
108)4
98)4 100
10814
5
2.100
154
1
42 X
8K
8K
1
100
18K
18 K
100
8K
18K
8K
100
A) Co—
•
17
:V Jan •i-
Mar
IK May
8)4 Mar, :.,10K
18 K
Apr
Gatineau Power Co—
Jan
4)4
100
4K
3K
34
Feb
Mar
10
9«4
10)4
603
7
32K
Jan
Jan
Jan
450
5
*
13 X
Jan
82
Feb
Apr
1
Apr
IK
Jan
200
1334
13
Feb
16K
Jau
2K
Petroleum.-5
Wheeler Elec—*
13
434
100
2 K
13)4
AX
Mar
2K
55
40 X
*
May'
IK
"lK
Apr
"27"
27 K
Mar
61«
Apr
hi
Apr
K
Jan
,
,
Apr
Mar
Jan
101
7
94 X
86 K
80
IK May,
Gray Mfg Co
6
Jan
34
——5
-
Apr
34
Jan
Apr.
15 K
Jan
OK
Feb
634
Feb
Maf
4
UK
30
30
30
1,000
Apr
Jan
10K
103
Jan
::
■81K
Jan
Apr
5
v;
Jan
May
42
:
4K
Jan
28
50
Apr
96 s
•
IK
Kltby Petroleum
——1
Klrkl'd Lake G M Co Ltd 1
134
12)4
„ 5
Mills.*
7*4
Dayton Rubber Mfg
1
22)4
Class A oonv....
35
Dejay 'Stores—.
_<
1
Deuulson Mfg cl A coin—5
66 prior preferred
50; __ :.. j
DarbyPetroleum com
•»'
5)4
-
5K
com
25
25
7*4
8K
3K
i 200
2%
200
62 K
v';'7§
63
22 K
20
*11
28 X
25
2o
6% preferred w w
Jan
Mar
47
17K
:
.
Feb
X
4
—
Mar
105
Apr
May
7
com*! j— i
preferred
—*
Detroit Gasket & Mfg—-1
A conv
Jan
1
51K
37
105
51X
8% debenture—-.4
Derby Oil & Ref Corp
3K
Jan
2K Mar
61K May
IK
Feb
Jan
8
18 K
Apr
200
Co com—1
Detroit Steel Prod
10
Det Mich stove
K May
IK
Feb
11K
Jan
1
Mar
;
Jan
2
May
13)4
Jan
28K
6K
IK
4K
3K
Dnuo-Twin Truck com
4K
3K
10K
Mar.
500
Mar
4K May
4)4 M ay
3K Mar
100
5K
Jan
3)4
3K
aper
25
28 K
Apr
Ja» Mar
IK
29
Jan
28
Mar
.
:
4)4
334
lver Harris
iblller Condenser
lu
Jan
*11
28K May
6K May
X
Feb
,
3514
..100
irham Hosiery «I B com *
iro Test Corp common.'
ival Texas sulphur-
Jan
IK
Corp.
62K
ike Power Co
62 X
2
—-
X
7K
175
63
2K
70
234
Jan
X
300
2
300
V
7K
HOK
Feb
May
62 K
7K
»n
Jan
1
300
6K
Feb
7K
4
/
•
16 K
' 4
':
16K
-
100
Jan
Jan
34 K
108
Mar
Apr
Apr
Feb
Jae
40
Harvard Brewing Co.— -1
K
IK
IK
IK
100
3
1
B non-vot common
Hazel tine Corp
6%
Hecla
conv
3
300
15
—
4K
19,
Conv
IK
26 K
Eagle Plcher Lead. .
....
10
7
™
.
East Gas &
700
Mining Co.....25c
4;
4)4
2K
*
Common
X
<4)4% prior pref——100
6% preferred.—-.-.100
Eastern Malleable 1 rou.25
Eastern States Corp...—*
67 preferred series A..*
66 -preferred series B—
Easy Washing Mach 8.
42
41 %
19
19
..
X
43
21
500
225
600
K May
41Apr
19
May
16K
12 K
12K
12 H
12 H
Jan
K
12K
13
IK
52 K
33
21K
3
May
15
4?4
common.-....2
25
•
K
400
'u
6K
:,2oo
.
5K
21
Henry Holt & Co par A.
•
6K
6)4
2,100
50
12K
175
12K
2
Apr
Apr
Jan
13K
•,
K
Y
"l434
15
Jan
Jan
Marconi lntl Mar hie
24
Jan
67K May
88K
Feb
Jan
Holllnger Consol G M*.J>
5%
6
300
Apr
Holophane Co common. .*
Jan
Horder's Inc
Feb
Hormel (Geo A) & Co com*.
Horn (A C) Co common..1
Mar
IK
Mar
17K
Feb
Jan
Mar
K
7K
1
X
42 X
IK
43
7,300
42?4
600
38
66-preferred—--—--*
47
47
48K
4,300
40
1
5K
12.
V
Margsy
Marion
OH
Corp
.
.
3
3
50
Electrographlc Corp
;_l
Elgin Nat Watch Co.. .15
...4
preferred.......100
112
Steam
14
3K
97
1,200
10
20
100
.2
100
-•
97
-
.
Jan
Empire Dlst El 0% pf 100
Empire Gas& Fuel Co—
'
6% preferred6)4% preferred
7% preferred
8%. preferred—..
100
100
Empire Power part stock
Emsco Derrick &
McWilllams
300
2IK
112
10
110K
27 X
Jan
5
Apr
...
—
3K
...
For footnotes see page 1908.
4
Mar
15.
Jan
58K
Jan
3K May
5
6K
200
"2K"2K
.200
OK
Jan
•
6K
>■.
Jon
in
Jan
14K
Jan
Feb
■hi
Feb
4K
v..
Jan
834
Feb
Imperial Oil (Can) coup.
Registered-
Jan
-
;
•
K
Jan
■254
ian
Apr
18
Feb
12K
K
1,300
20K
70O
K
10K
IK
300
<1.
—
tl8K
Imperial Tobacco of Can.5
arrear
etfs....
.
IK-
,
.
Jan
%«. Jan
Apr
Apr
-
23X
Mar
.
9 34 .: Apr
Jan
2K
Jan
13K
Jan
Mar
•
6Ki
6K
3,500
2K
Jan
Jan
300
2K
6K
6K
0K
Jan
6
•
;Jan
9
'Jan
.Jan
7K Mar
Imperial Tobacco of Great
A
Mar
105
Feb
Indiana Pipe Line-
85
Mar
105
Feb
8K; Apr
Apr
Apr
Apr
nox
Jan
115
Jan
Jan
5K
M0K
-
Apr
Apr
Indianapolis Power & Light
82
18K
5
20K
Jan
IK
Feb
134
Feb
55K
Apr
100
l'ie
6K
55)4. May
Fell
100
Apr
3
90
200
102
V 3
162
IK
8K
Mar
Mar
2
126
Feb
3
200
29
Feb
Jan 1
Jan
6K% preferred
Indiana Service
7K
100'
6% pf. 100
7% preferred
100
2K
Mar
v.
■■■■£-
v,v
v
Mar
'ie
J109
j:1O0
"v
fs
,
94
25
Apr
Jan
US
Jan
"16
900
X
6K
X
4)4 May
200
4K
4K
Mar
■
4
Jan:
93 K
14K--14K
UX
14K
-
20
-8634
1.0
.12.,;.. Apr
12.
.Apr
io,
Apr
107K;Jan
18
?
,
-Jan
1834 Y Jan
-
IK
Feb
1)4
Jan
Apr !
Apr;
t'-i
•t--i
IK
Metal Textile Corp.'.—25c?
Partic prefer red
IS
Jan
26
28
Jan
Metropolitan Edison— ["% 1
10134
3K
.
..
x
j
Midland Oil Corp—
.100
2K
.
^
.
-
Jan
8K-
Feb V
M Mar
T 3
hi
Mat
Apr ■■4
Mar;
K
600
,
■
-
Jan
Jan
Feb
8
11K May
May
K:May
.x5X May
13)4
Apr
154
Jan
14
Jan
41K
IK
Jan
8
$2 uon
cum
Mldvale Co
Feb
?
1134
dlv shares:*
common—.:*
28 :.
11K
50
27 X
28 K
.125,
Midwest OllOo—.10
Midwest Piping & Hup.—*
Mid-West Refineries—'—.1
25
.
"534
x5
~% "Ik
<
"500
"
2:r
"2
"234
300
.
.
:
Jan
..
$2 conv preferred..—:*
1
1)4
Jan
2K
.100
"16
3K
..
3
Jan
.
Apr
Apr
2)4.
2K
til
Class B
Middle West Corp com.:5
Mar
4K
Jan
K
6K:
300
-
Micromatic Ho^e Corp. :T
Middle States. Petrcleum-i-
Feb
■X
Apr
100
4%
Michigan Sugar Co. i—Yi*
Preferred
*——
.10
•
v
mx
Jan
K
3K
1,300
16
3K
Mid-West Abrasive...—50
93 K
,
Jan
Feb
3K
Jan
25 K
Jan
20
Mar
34
Jan
3)4
Apr
v,
18
Messabi Iron Co.. .—.1
Midland Steel Products—
Ireland...£1
81
120
89
Apr YYY K
:
Jan
-
ClassA y
6.K
-----
160
150
Jan
Apr
Jan
JOl
150
Jan
3K
) 7 K-
■«'
6K% A preferred.:. 100
Feb
2..;.
■(.'
200
14K
Imperial Chemical Indus
Am dep rets regis...£1
105
May
16
.
Apr
1)4
-
Merrltt Chapman & Scott *
Warrants
0Mar
K
.
Illinois Zinc Co....-...
-6K
111
,
IK
Apr
100
$0 preferred .—i: *
Apr
101
.
J an
Mar
Jan
Apr
110
Jan
Y
234
'»
Merchants & Mfg. cl A—1
112
46 K
L400
1,100
i
97)1 102
97
Jan
55 K
IK
55 K
55 K
Memphis Nat Gas com—5
Mercantile Stores com..*
13
52 K
Co..*
Mar
Apr
27
100
2X
2K
Dredging..
Div
81
!j
Feb
Apr
Jan
22
-
49
1
V10 for 1st pref... ^—_ I,
Hydro-Electric Securities.*'
Hygrade Food Prodi.-—6'
Hygrade Sylvanla.
-*;
Huylert com
Britain
,
...
*1...
Equti. .6'
4K
...
—100
100
4K
Apr
v
10
McCord Rad & Mfg B-*
Jan
30 X
5% conv preferred—.60
9
1
2
V 7K
14
12
Jan
6K
Apr
Mar
1
preferred.-—:__—.*
Jan
28
Jan
K
IK
-'
$4
IK
Apr
'
25K
Michigan Bumper Corp. 11
Feb
Jan
Jan
;
>
12 <
Apr
23Mar
Mar
16K
•
2
Michigan Steel Tubfe..2.50
Apr
102
Apr
10
20
Massey Harris common.
Jan
X
Apr
97
-
-
Apr
4X
65 X
Jan
r
Shovel—.*
Jan
Mar
Inc...6
Hummel-Ross Fibre Corp
234
4
400
Mar
4K
275
Mass Util Assoc v t c—.1
2K
26
—
...
2)4
3K
YY': 25
V 3H
.
Mead Johnson & Co....
22
K
6334
Option warrants.——
23K
16K
1534
16K
.*
Jan
00
Apr
Feb
Feb
8X
%
A,pr
12
27 K
.-*
Horn & Bar dart.
'64
Elec P & L 2d pref A—,
Emerson Elec Mfg
Apr
Apr
Jan
24 K
;■
May McEwen Kaiser Co
Illinois Iowa Power Co.
& Share oom.iS
65 preferred.——
K
Apr
15 X
Communication Co Ltd.
Jan
Horn & Hardart Baking.*
Eeonomy Grooery Stores
Elec Bond
Apr
May
'
10
Mar
14
Feb
Feb
v
M
-634
11 K
400
Jan
34
•
.14
K
Manatl Sugar opt warr—.
Y3K
I
class A—10
'
.
5K
15
Conv 7%. 1st prel.i.100
Cony 7% IstpfV t c.100, .^
Lynch -Corp common.. —5 : r.
Apr
;
16
Apr
Mar
11)4 May
f
Jan
10
Mar
10
Jan i.
IK May
Louisiana Land <fc Explor. 1
Mar
17
6.K
200
K
K
17
Apr
Feb
Feb
Apr
5
50
Jan
Feb
24
11 %
Common
Jan
Apr
3K
.5
Jan
6
•
K
27 K
"ISO
Mangel Stores —
$5 conv preferred.——*
Mapes Consol Mfg Co...*
Mar
IK
10K
Jab
•;
,
Apr
8 4
.
6
Mar
Long Island: Lighting—
Jan
Preferred—
Apr
2K
Jan
Jan
834 " Apr
13K
,
Jau
3K
5K
Lone Star Qas Corp.,,—
Jan
3K
Fe
Feb
2K
s
Jan
0)4
Mar
1.200
11)4
Apr
27K
6)4
2,400
Mar
100
Muy
13)4 1 Apr
2K Feb
6% preferred..lL--2a
Locke Steel Chain...—5
1)4
20K
• -
Jan
Jan
2 !4
Jan
5K
4K
534
Louisiana P A L $6 pref.* j>.
Mar
May
*
Heller Co
Mar
May
Mar
9
Feb
Llpton (Thos J) Inc—
3 K
,
43 H
Apr
May
1K
9K
Ludwjg B auman &jCo com *
Mar
Hoe (R) & Co
Jan
Jan '
4
5
200
5K
4K
S.J
4K
Feb
IK
Apr
Jan
Feb J
2'4
-
Jan
25 K
75
Jan
6
.
Feb !
13)4
100
preferred...—.
X
22
Jan
"666
~")4
X
8)4
'
4
52 K
Apr
100
5K
13n
!
100
.*'
•Hussmanu Ligonler
Fuel Assoc
-
Apr
Jan
400
IK
27
69
Jan
?
Mar
Feb
900
7X
2 X
•
Participating preferred *
Jan
A pr i
Feb
97
May
2K
5K
2K
Le Tourneau (R G) Inc.. 1
Line Material Co—i .—5
.Jan
46
Jan
\1K;. Jan
TOO
16 K
.5
©referred—.50
Hubbell (Harvey)
.
Feb
12)4
X 2K
30
:26
20
Ltd—1
Mines
Lehigh Coal & Nav—...
Leonard Oil Develop...25
Feb
2K
Amerloa—
Hat Corp of
Humble Oil A Ref———*.
7
:
Apr f
Feb :
:3K
10K
;
Jan
«'•
May
s
1
Hartford Rayon v t c
5%
.
Mar i
Jan
109
3)4 Feb
15^,-y Apr
50
16 K
67 X
Apr
Jan
-
50
160
Class B.
7K Mar
-IK May
-
24K
2K
Feb
25
12K
Class A.j„.^*
Jan
9!
Mar
Mar
110
100
1% preferred..
67
20 K
Co—-—10
Mar.
12K
Jan
Jan
92 K
Jau
Mar
7K
Jan
65
X
8
,
Langendorf Utd Bakeries-
Jan
83
600
•Heyden Chemical—_—10
Hlldook Products
2K
Feb
86
Laue Bryant 7% pref—100
Lane Wells Co common.. 1
Mar
131
1,800
Apr
19
Apr
4K
2,300
*
Corp
4K
Feb
19
uninion Bridge Co Ltd.
imlnlon Steel <fc Coal B
3K
300
4
i
S
Feb
1214
Jan
86
20
86
100
Lackawanna RR (N J).
Apr
Hartford Elec Light.-..25
Hewitt Rubber common.
lueckmun Co common,
Feb
7K
Loudon Packing..—!:.
Class A
10 K
.
2
Mar
10K
Ivakey Foundry & Mach—1
Lamson Corp of Del—-.5
Feb
500
26 K
5
Hamtnermlll Paper.-.—JO
Helena Rubenstela
common—10
7% preferred
10
Diamond Shoe common .*
Distillers Co Ltd——-£1
l»e vilblss Co
*
7% pref class A.....100
6% pref class B.....1U0
Hearn Dept Stores com.
Detroit Gray Iron Fdy
Mar
!
Jan
Mar i
.<
Lake Shore
Jan
49 34
'
Lit Brothers common-
Hall Lamp Co.
22 K
Jan
IK
34
4% conv 1st pref—..100
special pref.10
Kreuger Brewing Co.——1
Jan
58
100
6)4
IK
6K
Corp.——-25
Gulf States UtU 55.50 pf
$6 preferred. -*-*
8K May
May
Jan
IX
100
11
Kress (8 H)
H
Jan
1)4
Koppers Co 6% pref.. 100
Jan
Jan
100
25
Gulf Oil
Feb
2*4
„
1)4
Feb
124
Greater N Y Brewery...1
Greenfield Tap & Die.—.*
14
6K
1834
150
20)4
Jan
39 K
Jan
.j
Jan
Feb
53
Apr
1
2
Feb
23K
Feb
3K
Jan
2K May
450
3K
2 X
234
stock—*
Gt Northern Paper.:
7
14
Davenport Hosiery
Mar
201
-
Kobacker Stores Inc.....*
<
5K May
X
1
9
Jan
.
100
1
Klein (D Emll) Co com.
Klelnert (I B) RubberColO
32
Apr
23
Gypsum Lime AAlabastlne*
-
Jan 1
19
-1
!
Jan
Mar f
-
Jan
§ Guardian Investors
-
;
8 :
4
1 X
100
100
7~'K Apr
,
Grooery Sts 'Prod com.25c
D
K
27K
B-I00
Kingston Products
Lefcourt Realty common. 1
Noo-vot
Mar
8
Apr
3K
•
7% 1st preferred....100
12 K
■,Jan
Jan
Great Atl & Pac Tea—
Jan
Jau
21
Jan
•
34K
May
May
,
%
2K
Jan
Kings Co Ltg 7% Pi
Jan
-
53 X
Jan
80
Grand Rapids Varnish...1
500
14
Jan
"2734
92
53 .preferred-.-.
Gorham Mfg common-.10
K
13 K
69
Jan
4K
13 X
70
/
V Jan
24X Mar
——*
Goldfield Consol Mines..!
IK May
--10
Sugar—.5
'Cuban Tobacco com—..-*
Curtis Llght'g Inc-ooin 2.5U
Curtis Mfg Co (Mo)
5
Jan
Apr
Gorham Inc class A
Apr
Jan
-
95
Mar
7
preferred
Feb
4K
68
4
96 K
HK
Mar
Crystal Oil Ref com,—*
Cuban Atlantic
100
100
*
Class B.—
K
x%
116
61
Gladding McBcan & Co.*
Godchaux Sugars class A.*
5K
18
Jan
16
SO
7
41
16 K
7% oonv preferred—25
88
70
80 K
111
8534
-*
Jan
Jan
Apr
Apr
Apr
70
78
70
7% pref. 100
K
55,4
20
Preferred
Gilchrist Co
Apr
Feb
100
A--*
com—25c
Crown Cork Internal
;
May
.
3ai
Jan
:
Jan
25
62
■
•
81
Kennedy's Inc
-5
Ken-Rad Tube A Lamp A *
Feb
Kresge Dept Stores—
434
i'.ooo
62
60
Jan
Feb
lje
40 K
—
IK
Tk
Co..
Jan
Jtm
K
Knott Corp common....
Georgia Power 56 pref.. *'
55 jpreferred
Gilbert (A C) common.
1134
Petrol (Mdj.5
Apr
IK
;
Jan
l
Kansas G & E
*■;
—*
100
"
2K
IK
400
2H
;2K
Jan
Ju May
800
■
1
Mar
Jan
100
stock—*
&*Rubber—
6% preferred A
100
$7
2
9K
;; 8
'
Jan
59
55
Glen Alden Coal
Crocker
$6 preferred
1
70
Courtaulds Ltd—
5
Adrs ord reg stocks—£1
Drug Co
Jan
Jan
Jan
1,300
1
1
S% oonv preferred—.60
Crown
K
Feb|
Jan
K
,,
Crowley Mllner &
5K
Apr
Mar
hs
Petroleum com...l
Crown Cent
160
Gen Water G & E com—1
434 'Jan
700
Reynolds.—-1
$6 preferred A.—
*
&
Apr
Jau
54
Common-—-..
Apr
SX
8)4
13 K
May
General Shareholdings Corp
1234
34
Jan
*t8
i'u
L
General Tire
Jan
Kt:--
Julian & Kokenge com..*
Apr
21K
Jan
Jan
31
100
17
Jan
Jan
Jan
May
Gla°s
5% preferred D.;
88
Jan
634
200
5)4
6)4
32)4
50
Mar
K
K
10 X
12K Feb.
15K
59K Mar 102K
100
-*
Jan,
734
7K
Croft Brewing Co
13K
83
IfcA
pflOO
Apr
60
40
jcook Paint & Varnish—
(Cooper-Bessemer com...*
J $3 prior preference
*
Copper Range Co
-*
Cornucopia Gold Mines 5c
Creole
B..*|
66 preferred
Gen Outdoor Adv 6%
53 preferred
:
13K
65
com...*
56 conv preferred
60 M
60
Jan
734 May
.
11 x
nx
-l
52 4 May
:
Mar
IK
&X
Feb
28 K
Italian Superpower A
4K May
Feb
ht May
General Investment com. 1
Feb
Apr
15
Co....-*,
Jersey Central Pow & Lt—
5K% preferred-.-..199
V 0% preferred....190
X 7% preferred.—— —100
96
52K May
*
Gen Gas & El 66 pref
Jan
4)4
200
4K
' '
j.
May
"4)4
18,300
Mills..*.
c.--*
Irving Air Chute.i..——-1
Gen Electric Co Ltd—
Amer dep rets ord reg.£l
Gen Flreproofing
Gen Rayon Co A
IK
Oil
10
Consolidated Steel Corp.
Continental Gas & Elec Co
\ 7% prior pref
100
Continental Oil of Mex..l
Continental Roll & Steel--1
i-
4K
Gen Pub Herv S6 pref..
Consol Royalty
Feb
Jan
*n
10
Apr
Jan
88^v,, Jon
preferred...—-100
Jan
134
May
Feb
44 K
,
Jan
3K
X
Jan
Mat ■80
•••'
-10
Mar
25
40
—^
102
30
| '"7:K
Royalty———-1
Investors
Jan
Jan
2034
Mar
8
pf.*t
11434
Mar
3
Consol Retail
6
7K
Jau
v
3K
7)4
Interstate Power $7 pref.*
'
Mar.
Jacobs (F L) Co—i-
6%
:
Jan
5
Feb
22 K
Hpme Equip.
Iron Fireman Mfg v t
Common..
Fuller (Geo
General Alloys Co.
Jan
1
"""7"
i
yards..*
Brewing Co-.6
Franklin Go Distilling—1
Fox (Peter)
Gellman Mfg Co com.—1
IX
:
V- Jan
'16
.
U
...
43
Jan
2K May
iJ2
Apr
100
2 H
-
prefirredY*
prior prefj..——*
25,
Jan
Apr
f.
2K
500
v
Fort Worth Stock
Common.
1
*
Jan
•
-
4
International Utility-
400
IK
12 K
*
Class B voting..
'
Telep & Elec Corp. 1
4 9
B.*
Internat Safety Razor
103 1
Jan
18
Common.-.----------*
*
Cohsol Biscuit Co
Jan
Mar
Jan
77 K
13
Feb
$3 preferred
Consol G E L P Bait com
v
*.
Registered shares.,.u
$1,75
—*
Class A non-vot
;
Jan
K
Apr
7K
,200
,
3,200
9K
Class A..
ord reg..£l
Gamewell Co 56 conv
Much—
■f- ;V t o ext to 1046.
-1
Conn Gas & Coke Secur—
69,700
>64
Coupon shares.—-I—.*
'69.,^:',";: Apr
250
.
Motor of Canada—
Ford
*iMMar
Mar
13
300
ht
•n
9K
Apr
InternationalPetroleum
Jan
•5
,
Jan
May
Jan
Jan
1 34 Jer
Compo Shoe
|
1,300
59
P.
Jeannette
Cosden
58 X
Indus.A..*
7K
Apr
45
79
Conv partic
xT'
X
& Gas.——
Commonwealth & Southern
;
...1
V.t c oommon..'..
7% preferred-.—-.--100
Insurance CoofNo Am-10
Froedtert Grain & Malt—
Columbia Oil
High
'
International Products—
Florida P & L $7 pref
Jan
1
Mar
Jan
Apr
K
Columbia Gas & Eleo-—
Corroon
Low
L
254
7 *4
Mar
1
W'h'se 25
Fire Association
4K
-
7H Feb
IK May
Mar
;
200
Ford Motor Co Ltd—
6% conv preferred..-£1
Colonial Airlines J-— ——1
I
Range Since Jan, 1
i
Shares
Jan
23 K
r»0
loo
■"'i
5K
6K
8K
8
Falstaff Brewing..
3K
25
Colorado Fuel & Iron w»rr.
Conn
Price
Internat. Industries Ino.-l
Jan
Mar¬
35
Corp..100
Utensil Co—*
Cockshutt Plow Co com.*
■Cohn & Rosenberger Inc.*
Colon Development ord...
;
Week
Industrial Finance—
Internat Metal
1
Falrchlld Aviation
Mar
4K
634
is
Mar
5
•
Club Alum
1.
for
of Prices.
Low
High
Internat Hydro Elec—
Pref $3.50 series—-.50
Esquire Inc. - — —
1
Eureka Pipe Line com. .50
fJan
8234
Apr
14
X
--V
..
Cleveland Tractor com-
i
Week's Range
Sale
High
Apr
6m
•Last
STOCKS
[Continued)
"
Fausteel Metallurgical—
Clayton & Lambert Mfg.-4
Cleveland Elec Ilium,—.
Warrants
4K
Apr
Apr
Apr
63
63
Claude Neon Lights Ine„l
*
Feb
52
Apr,
Feb
Week
Price
Sales
Friday
for
of Prices
v
I $6 preferred .-———-*
City Auto Stamping—.*
City & Suburban Homes 10
Clark Controller Co - ——1
5%
Apr
81
Cities Berv P&LS7 pref.*
Colt's Patent
3K
65
Apr
Jan
Feb
14
Mar
2)4
60o .preferred B
»u
Jan
8
27
$0 preferred BB.
CUnchfleld Coal
Mar
»n
Week's Range
Sale
Par
High
Low
Sales
Last
[Continued)
High Shares
1
Milling
Chief Consol
,
STOCKS
Range Since Jan. 1
STOCKS
XContinued)
$6
Friday
Sales
Friday
Jan
7
Jan
•14K
May
2K
,Jan
J
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
Volume455
1907
NEW YORK CURB EXCHANGE
>>
">
:
I
; 1 STOCKS
(Continued)
*
'v
yri(laij
Week's Range
Last
of Prices
Sale
'
Pari Price
■
Mining Corp o£ Canada..*
Minnesota Mia & Mfg_.;*
:
High
IjOW
•36'4
■
**■
'100
3%
1:
:3%
■
.....2.50
Molybdenum Corp.
■
1
''
5%
5%
y4-
Monarch Machine Tool--*
.
*
H
•
1
100
*•
.
6
Mar
4%
Low
66
Feb
Feb
Sonotone
22
Feb
'
■•=:•: 1%
Apr
2%
3%
29%
Apr
Apr
Jan
99
Apr
'-7
! Mountain Sts Tel <fe Tel 100
May
•
7 %
500
7% '' 7 %
8
8%
•
7% -'Jan
•"•'150
'
Muskogee Co Common!..*
5%
0)4 Feb
il0iv;> Jhn
-
5%
Apr
,
Apr
Feb
3%
Jan
4%
600
1
314
Mar
; 6%
31%
Mar
36%
Jan
10
Jan
] 1% Ml%
400
300
1%
Pitney-Bowes Postage
'- Meter.
-
;i—:*
-
Pitts Bess & L E RR...50
Pittsburgh & Lake Erle.50
53
4%
"52% "55""
;-9%
"fil"
8% May
1)4
Apr
60%
9%
61%
Polaris Mining
Apr
18%
Apr
Potrero Sugar common..0
-11
Feb
11
Feb
Powdrell &
Apr
14%
Jan
63%
Feb
Standard
Apr
12
42% May
Pratt & Lambert Co..;..*
16%
16%
Premier Gold Mining....!
%
%
1,600
Jan
Prentlce-Hall mc com...*
Fuel Gas
12
200
39
v,50
42- >■.
"
*
.
3.800
9.
| Nat Mfg k Stores com...*
National Power & Light—
■
80 prof iinstkm|>ed
.
$6 pref stamped
•'
-.*
.
75 %
70J
—
•
60
72
•
MM*
National Refining com
*
2
National Steel Car Ltd..*
-
'
National Sugar Refining.*
National Tea
1
2*806
9%- 10"
12.5U
National Transit
io •;
*
Nat Tunnel A Mines
v'io%
40'
1:2%
7% pref. 100
Nelson (Herman) Corp—6
Neptune Meter class A...*
109
109 "
:
rsi-
'Jan
11
113
",'(>%
l"66
"f"%
Nestle Lc Mur Co cl A...*
*8)4 May
1,
Feb
1
"22%
"21%
150
19)4' Apr
;
30%
Jan
80%"
New Haven Clock Co...*
-3
10%
Land—.1
i!
$5 prior preferred..'.'..*
$6 preferred — ———..*
C
87
78
A.-*
Mar
3)4
Apr
2%
Feb
May
74
May
■.•18
78
•
•
Jan
••>
Feb
9%
;
20
10
Option
Mar
Standard
Standard Silver Lead
Standard Steel
Feb
25
91 %
109
Feb
Apr
111
Mar
;42%
12%
1,800
-
1%
51%
«
;
*««
2%
Jan
%
Jan
Jan
Feb
%
Mar
May
3%
Jan
Apr
14
Apr
2
Jan
Feb
Jan
Jan
Feb
12
600
10%
10
Feb
14%
Jan
175
10%
106% 108
103
Apr
110%
Feb
*n
Jan
lj>
Jan
%
300
May
100
%
12
5%
4%
500
6%
18%
•
'si
2,200
Mar
su
*i«
Jan
20%
Apr
Apr
Mar
13%
Jan
1% May
'""300
2
,
ru Mar
Jan
46
46
Apr
8
.»
% May
19%
Jan
6% May
May
'
18"
Starrett (The) Corp v t c.l
Stein (A) & Co common. .*
Sterchl Bros Stores...
1
6% 1st preferred
5% 2d preferred
Apr
Apr
Jan
52%
Feb
16%
Jan
Sterling Brewers Inc
Apr
Feb
Sterling
s
103
Feb
Inc
58
-59
140% 142
90
8
Apr
Feb
6
Mar
»u
~
100
Jan
1%
Mar
:
1
Jan
lli#
Apr
2%
May
3%
Jan
%
Mar
%
Mar
..*
8%
Apr
13%
Jan
12
Jan
Machinery
*
140%
Mar
150
Jun
Sunray Oil..
Apr
10
200
10%
Sun Ray Drug Co.—— 1
5%%
Apr
4%
400
5%
1%
Apr
5
Jan
Apr
Mar
8
5%
1%
__„1
70
8%
35%
34
______
1
Apr
56
130
58%
Jan
Apr
2%
—
20
Sterling Aluminum Prod.l
Apr
Mar
,
Jan
9%
3%
_
.50
11%
he
300
May
hi
"800
"1% "T%
1
conv pref—
50
Superior Oil Co (Calif). .25
Superior Port Cement—
9% Apr
8% Mar
1% May
40
Apr
9%
2%
Jan
45%
Feb
"266
"31
Jan
*
Apr
Jan
10% Feb
7% 'i Jan
"31"
35
11
Feb
26 7
7%
Mar
Jan
6%
Feb
Jan
he
Jan
Taggart Corp com
1
2%
May
16%
Apr
Tampa Electric Co com..*
Technicolor Ino common.*
16%
13%
....*
:
preferred
conv
Apr
he
Jan
51%
Apr
Texas P
Mar
2%
1%
Jan
Jan
Texon Oil & J and Co
18%
Mar
hi
Jan
11%
Feb
4
25
47
.*
■f 2
1%
100
«
•V
•
he
100
Jan
ha
Reliance Elec & Engln'r'g 5
9 %
Jan
Jan
Republic Aviation..—i„l
Rheern Mfg Co—1
Mar
27
Feb
1%
69%
Feb
Feb
'
%
2%
86
2%
'
•
63
9%
Jan
B1
---5
Nineteen Hundred Corp
:
5%
r
%
Noma Electric
;
2%
-
5%
May
200
Common.........;..
COO
59
625
50
15 %
15%
200
15%
common......*'
Securities,*
Oil..-5
6% pf-100
..100
Line.....10
cl A..25
Novadel-Agene Corp
♦
7% preferred
''
r
"9% "9%
Northern Pii>e
Northern Sts Pow
■
2%
200
1%
500
5% May
$1.20 conv pref—....20
'
Rossia International.....*
Royal Tynewriter
—*
Russeks Fifth Ave....2%
Jan
88
Ryan Aeronautical Co...l
3 %
1%
Apr
Ryerson & Hayues com.l
%
Apr
3%
Apr
St
3
Jan'
.
15%
conv
8%
8%
1%
1
111
111
pref--!--*
6% preferred. 100
Ohio Power 4%% pref-100 105*r
Ohio PS7% 1st pref...100 ? 97%
6% 1st preferred...; 100
Ollstocks Ltd common...5
Ohio Edison $6
Ohio Oil
■
..100
7% preferred
Salt Dome Oil Co
100
May
1%
2
Apr
21%
2%
17%
Feb
100
Jan
Jan
Scranton Elec $6 pref
*
111
May
Mar
100
Mar
112
Jan
Scranton Lace common..*
16
Jan
18
Feb
14
34
May
69
100
7
Mar
Apr
110
Feb
98
Mar
12
Apr
Jan.
Apr
48
Jan
Seeman Bros Inc
May
111
Jan
pref!--*
16i"
•95"
4
Jan
ISelby Shoe Co.
3%
*
■95
1.70
100
3%
1
"20"
iSegal Lock & Hardware..1
Seiberling Rubber com...*
3% May
1%
Jan
Feb
Scranton Spring
:.
'20%
"800
20
-17
„
2%
1
Common
1
34
34
....
14
*
35
26
Jan
112)4
Mar
Apr
_...——.....
6% 1st pf.25
"^26H^26^
"io
*.W
7% pref-! 100
Apr
Mar
Apr
24%
600
*95* '"95""
22%
90
72
•
•
;
Mar
V29%
27%
98%
'
"ii%"
1st preferred.;..*
Feb
Feb
Shawlnlgati Wat <fe Pow;;*
Sherwin-Williams com..25
Mar
12-■>!■.;
American shares.....—
4%
"
10,800
p
'atchogue-Ply mouth M ills*
'enlnsiilur Telephone com*
Jan
p -
I:3%y3% j.j-ioo
"~4%
4%
3% -Mar
C "
Co.,—..—10
7..v'
"*406
~y.
>•
-24*
U
-,
350
■*
•
1"
t
31
•'■
~
%
Apr
Mar
Apr
36
Mar
dep rctsordreg.fi
2%
:
com_.l
see page
4
1908.
2H-
3/.
W
6%
■
8,200
2%
Jan
3%
Jan
'5%
Apr
8
Feb
"
800
Jan
May
5%
Feb
*3>
Apr
%
Jan
3%
Apr
50
29
100
200
5%
"400
1%
Feb
Mar
6%
Jan
2%
3%
6%
v
Apr
Apr
Apr
Feb
5% May
11
®i«
Mar
»u
4,000
H
*i»
7
$6 1st preferred
%
3%
Jan
9
Jan
United
Milk
*
Mar
Jan
U S Foil Co class B
Feb
U S Graphite oommon
Apr
Apr
■
Feb
United
"
4%
-
4%
%
4%
.4%
100
2%
2 %
2%
1,100
111%
61% 63
111% 112%
l'.iso
70
110
9%
% Apr
4% May
Feb
J 5%
May
4
9)4 Feb
59% May
,
"63
Apr
May
Jan
Jan
Feb
pref
%
126%
'u
Jan
Jan
Apr
Jan
83%
Jan
%
Mar
%
500
%
Mar
%
500
10%
Apr
Mar
13%
14
%
53%
2%
5
2%
7%
"775
160
40
1,900
2%
7%
10
4%
"44"
,
,
50
5
"""50
500
pref......20
Jan
U S Rubber Reclaiming..*
>1%
70
Jan
Jan
U S 8torcs common—_;50c
1st $7 conv pref....*..*
"l"5%
Uuited Stores common.50c
United Wall Paper......2
Jan
10
Jan
Apr
17%
Apr
137"
140
1%
100
Jan
2
Apr
145%
Mar
ClassB
j
1%
1%
100
15%
60
130
"Feb
1)4
Feb
1%
Feb
<6%
200
"6%
6%
Utah-Idaho
Sugar..——5
57 %
Feb
May
43%
Jan
50%
38
3% Apr
2% Mar
6%
%
Jan
4
Jan
7
Jan
3%
8%
Apr
Jan
Jan
%
May
Apr
53%
Jan
4%
6%
Mar
Mar
43
% Feb
1% May
30
"11
Feb
Apr
%
Jan
Jan
Jan
Apr
%
6
Mar
25
t."2% " "2 %
46
46
300
50
Jan
2%
41
Apr
Apr
Jan
Jan
Jan
4%
Jan
'u
Mar
Apr
%
12%
10
15% May
*3j
Apr
1% Mar
2
Mar
%
8%
26
Jan
Jan
Feb
29
Jan
11%
3%
Feb
62
Jan
Jan
%
Mar
1 %
Mar
'11
Jan
*K
Jan
33%
Mar
38%
Jan
1
Utility
Equities com.u 10c
$6.50 priority stock—.1
Jan
Apr
18% May
Utah Radio Products....1
Smith (H) Paper Mills;;.*
2
3j«
200
Universal Pictures com.. 1
Utah Pow Sl Lt $7 pref..*
Jan
May
Apr
Mar
"800
Universal Products Co.—*
■
77
Mar
1%
1%
1
Universal Insurance.8
"46
Jan
%
hi
"15"
"""% *""%
1%
*
Universal Corp vto._—.1
Jan
Jau
25%
Jan
113
1
Universal Cooler class A.*
1%" 1%
23
27%
"44"
10%
9%
Jan
Jan
2%
400
-f : %
"53% "54%
39
Jan
Jan
Mar
400
6
2
1
92
5
22%
13%
Jan
9%
Jan
Feb
632
U S Radiator com..
15%
!
16
Feb
U 8 Plywood—
conv
Apr
Feb
'sj
U S and Int'l Securities..*
$1.50
2%
7%
%
*16
*u
97%
Specialties com__l
U S Lines Inc
Jan
9%
72% Mar
10% preferred—
10
United Shoe Mach com.25
Preferred
25
hi
Jan
7%
»32
°32
Profit Sharing.25c
1%
45%
,,45:/
Jan
5
Jan
800
4,900
hi
101% 102%
Products.—*
Jan
Jan
3
v
Apr
Feb
200
%
102%
Option warrants
Mar
38
Jan
Jan
Jan
2
200
2%
.",4
*
7% preferred
100
United Lt & Pow com A..*
Common class B__
*
700
38
4%
35
Mar
United Gas & Elec Co—
%
40%
Jan
"r466
"5% "*5%
10c
7% pflOO
Sioux City G & E
'ennroad Corp com..*—1
_
United Gas Corp com
1
1st $7 pref non-voting. .*
Apr
Singer Mfg Co Ltd— v j
Amer
%
3%
29
.5%
1
Mar
Sllex Co common.;..;...*
;?•
%
*
Skinner Organ.....;.—.5
2%
Apr
% Mar
200
$3 partic preferred
United Molasses Co Ltd—
Amer dep rects ord reg
•'
Simpson's Ltd B stocks..*
Singer Mfg Co..._.'.;;100
30
24
'
'Jan
May
C->..
*24>i
$1.40 preferred A....25
'enn-Mcx Fuel.......50c
Jan
1,200
■:)
"§"% "3%
2%
United
Slmmons-Boardman Pub—
30%-; Apr
4%
Jan
■
i $3 conv preferred..^;.*
Simplicity Pattern-com:.l
May
,
"1
t
Jan
Mar
11%
6%
10
5% cum pref ser A A A100
Sherwin-Williams of Can.*
3% May
3% May
"
HI
5%
10
com
he
Seton Leather common;..*
*
Tubes...i..*
Venezuela-
'antejiec Oil of
Jan
Mar
*
& part pref
cum
2%
8%
40%
Jan
Mar a;103
700
*
$3
600
Jan
95,
Apr
85
1 %
.....
400
,40%
SerrIck Corp class B
Public Service...*
'arkersburg Rig 4 Reel..l
3%
29
Jan
%
Mar
Mar
|40%
Shattuck Donn Mining—.5
Apr
U
Udyllte Corp
1
Sentry Safety Control—.1
—... 1
Jan
Jan
Jan
'J
87
65
%
$5 1st pref with warr„.*
5)4% 1st preferred...25
100
93
.
"3%
80c conv preferred..
%
1
3%
Jan
Jan
i
'16
$5.50 prior stock.;-;;.25
Allotment certificates...
'aciflc Lighting $5 pref..*
20
69%
110
Tublze Chatlllon Corp
Class A
Jan
.
9%
•aciric Can Co common..*
'1 ? *-♦ ■•' ' "... | '<•■
•
"aramount Motors Corp.l
Trunz Inc
2%
8%
100
49
95
Co.-.10
2%
814
'
-*
Convertible stock;..—5
t .:v:-
Apr
Industries Inc—
Selected
Feb
I-1
Apr
Brook
Water Service $6 pref..*
Scullin Steel Co com..;..*
Mar
B_.*
101)%
20%
Securities Corp general... 1
40
"
—
Jan
Mar
112
300
13
Apr
he
Apr
6)4
69%
91%
93
warrants
United Corp warrants
United Elastic Corp
11%
Feb
6
$3 preferred.——;.50
$5% conv prior
Jan
85
91%
Oil
Tri-Contlnental
Un Clgar-Whelan Sts.
Jan
12
Feb
300
/
Conv
98
12%
he
8%
4ie
?
110
120
90 '
Tran8western
Jan
%
80
UO%
103% 105
Oklahoma Nat Gas com. 16
Apr
Apr
25
110
Shipyards Corp...*
6% pref 100
7% preferred.......100
Tonopah Mining of Nev.l
Jan
%
3%
Jan
%
Apr
21% May
preferred.—26
Scovill Mfg...- ——...25
14
'
Oliver Utd Filters
i
Feb
Apr
19
30
10
Schulte (D A) cominou. J
Fob
Jan
May
120
Apr
%
21%
Feb
%
Jan
Feb'
8%
Apr
)4
——*
5%
Feb
Am dep rets def reg 5s
Feb
'he
107
2,900
1
Feb
3% May
1,000
Jan
2
150
14%
87%
96)4
•
2
St Regis Paper common. .5
1
Jau
Apr
1%
1,700
75
5%
Jan
8%
50
Mar
15%
.
United Cliemioals
pref..50
Jan
3%
Jan
reg..
Toledo Edison
Mar
Lawrence Corp Ltd..*
j: Class A $2
9% May
Jan
Mar
Ex ports
United Aircraft Prod
Jan
:>Jan
Prod
dep rects ord
Unexcelled Mfg Co
5
Schiff Co common..—i—*
2%
Mar
Jan
102
Amer
Union Gas of Canada....*
Union Investment com..
Sari ford Mills.
2
)4
53
*32 May
108
Mar
100
hi
Savoy Oil Co..—.
,14%
.87%
Jan
51% May
Samson United Corp com.l
14«
Jun
3%
Mar
Feb
Ryan Consol Petrol.....*
o
Ogdcn Corp com
4
Ohio BrasH Co cl B com..*
2%
Mar
36%
2%
50
Jan
Apr
1)4
38%
Jan
,
17
Mar
11
hi
38%
Jan
17%
4%
3%
Tung-Sol Lamp Works..
Feb
Mar
7%
100
900
2%
Mar
Jan
Feb
15
.2%
1%
% Mar
Apr
87
9%
4%
May
2)4
100
Mar
2%
14%
400
Jan
9%
Field Inc..;..5
Rcot Petroleum Co..——1
3%
May
3)4
72%
50
80%
80%
Jatf
95
Jud
50%
Nor Central Texas
04%
1)4
Roosevelt
*32 May
Nor Ind Pub Ser
Jan
12%
Jan
%
15%
"'50
:51%'ii%'
6% prior preferred..-50
Jan
Mar
Apr
Apr
Apr
Jan
,•
150
Trans Lux Corp...—...1
14%
Feb
56
57 H
Sfi preferred
Jan
Jan
12%
7%
2%
Nor Amer Lt & Power—
North Amer Rayon cl A..*
%
%
May
100
Apr
2%
Tobacco
77
7%
Feb
%
100
%
2%
.
Tobacco Sec Tr Co Ltd-
93
7%
Mar
2%
Jan
Apr
Rochester Tel
Pendleton Inc.*
Jan
40%
2%
15%
Tobacco & Allied Stocks..*
Todd
Rome Cable Corp com..5
7
%
2%
15-
1
5%
Jan
90
May
100
""300
Jan
2%
Apr
9%
%
3% Mar
19%
Jan
8% Apr
Jan
16% May
2.400
7%
Tishman Realty & Const
11%
z6%
Apr
Mar
%
%
800
90
2
Apr
6%
%
t
)4 Mar
Mar
800
10%
5%
10
100
RochesterG&El6% pfClOO
6% preferred D
100
6%% pf. 100
Jan
•
*u»
-
Mar
86
20
86 '
;86
1,100
('•. Voting trust ctte.
Roeser &
100
3%
10%
Rio Grande Valley Gas Co
Mar
2%
300
3%
10%
Radiator..— _1
Richmond
ii'-u'r':
May
3%
2%
400
2%
16%l
7% pref. 100
Apr
3%
Rice Stlx Dry Goods..;..*
7
50
125
53
,:
& L
2%
16%
7%
Thew Shovel Co com—__5
Tllo Roofing Ino....
Reltcr Foster Oil Corp.50c
102. :'
Jan
Apr
'j5«
Nlles-Bement-Pond ..A..*
For footnotes
Jan
1%
900
<
87
Jan
25%
36
U%
\%
Class B common......5
'enn Cent Airlines
Jan
Feb
11
5%
35
^
f
Apt
1%
Class B opt warrants-
'enn Traffic Co...
1%
Mar
'««
100
1%
1
100
Apr
Apr
Niagara Share-
'arker Pen
18
9%
1%
Co..l
625
14%
Feb
19)4
Class A opt warrants..
$1.30
Jan
May
%
Jan
Jan
Feb
6
%
Spring...5
250
99%
47%
12%
Jan
Apr
no
25
25
5% 1st preferred.—.100
5% 2d preferred—...1O0
•age-Hersey
Products
6%
98
43
Raytheon Mfg common 50c
lied Bank Oil Co..;.;..l
f+fjt
6%
.
'aciflc
2%
Jan
10
20
Standard Tube cl B.....1
Apr
96%
106
warrants
Common.;
|
Jan
Feb
,
04
;••
'aciflc P A L
27%
5
Radlo-Keith-Orpheum—
Feb
100
y
<
94
91
Co.—.5
N Y Water Serv 6% Pf.lOO
Niagara Hudson PowerCommon;..).
— 10
•aciflc G & E
1% May
23% May
*
Apr
414
7%
Jan
Reed Roller Bit Co...— .*
Gas—
Overseas Securities.
Mar
»u
.
Jan
Raymond Concrete Pile—
■7%
81)4
$5.10 preferred..—..100
—
Jan
7%
200
10
Standard Power & Light. 1
Common class B
.*
Apr
4%
14
Jan
20
99%
i: Voting common...—.10
Railway & Utll Invest A J
10
88
New York Transit
I Omar Inc
%
6%
Jari
300
Swau Finch Oil Corp_„ 15
Jan
50
'
88
Founders shares——1
I
100
5%
Feb
Apr
1 %
..100
Class B common
Jan
N Y Shipbuilding Corp
1.
1%
24%
5%
*««
(Ky)...__10
Feb
33
Apr
he
R
$3
No Am Utility
Jan
Jan
Jan
*ie
Jan
Jan
Apr
.
N Y Merchandise-—...10
NYPrA Lt 7% pref. I 100
Class B
100
1%
23%
5%
122
May
5%
6%
1%
8)4
r
1)4
12%
N Y 4c Honduras Rosarlo 10
.
105
Railway & Light Sec—
Warrants...
Nlplssing Mines
99%
6% preferred;-t;;!;X00
1 %
f
Class A preferred...a
2%
19%
Oil
5% preferred
Sullivan
Quaker Oats common....*
*
N Y State Elec A
10
preferred.20
conv
Stinnes (Hugo) Corp
Stroock (8) Co...
68%
12
105
Stetson (J B) Co com,...*
New Process Co........
S6 preferred
2%
Pylc-National Co com...5
Pyrene Manufacturing.. 10
Apr
50
N Y Auction Co com...
N Y City Omnibus— *
•
Jan
100
200
2%
■'•*16
7% 1st preferred—..100
Apr
10)4 Mar
600
300
10%
•
1%
33
6% 1st preferred—;;100
1)4
400
1%
%
51
■
Jan
Feb
Mar
6%
Feb
4%
Apr
51 %
10
25
New Mcx & Ariz
-2%
16%
%
*
2)4
New Idea Inc common..
New Jersey Zinc
Ju»
Feb
l*6i%"jan
Apr
105
Jan
Standard Oil (Ohio)-—
4%
>'
Quebec Power Co.
"70
86
2%
Jan
Puget Sound P & L—
"
85
Mar
3
;•?
Jan
%
"22%
Standard
Feb
1%
.
•
6% preferred...-.-.100
$2 preferred.
'
New England Tel & Tel 100
$1.60
Jan
Feb
Apr
-
*
Now Engl Pow Assoc
Jan
*3i«
Jan
8
Feb
1
Common
8
'Feb,
2%
Apr
%
Conv preferred
10
Standard Dredging Corp—
Steel Co of Canada
Mar
>
Feb
Public Service of Colorado
% Mat;
Feb
'Apr
"May
•v'2%
2,000
*16
May
4%
%
3%
Apr
Prosperity Co class B_._*
Mar
10%
109
10
2%
2%
Jan
■
7%
Jan
r-9)4
Nebraska Pow
11
Mar
Mar
Apr
300
Navarro Oil Co..
200
2%
2%
%
Alexander...5
Puget Sound Pulp A Tim *
30c
Nat Union Radio
24%
Apr
9
100
Jan
Feb
63
,
8%
Providence Gas.;
Jan
Feb
2)4
'"600
2%
%
Producers Corp of Nev_—1
Jan
Jan
7%
<
Jan
-
5%% pref.10
'
%
Standard Cap & Seal com 1
2% May
Jan
5)4
21)4
7%
7%
100
93
'
Jan
Brewing Co 2.78
Apr
Apr
Apr
-7)4
Co..!..25c
Pressed Metals of Am.'..1
95%
Jan
Preferred
■
•
Nat Rubber Mach
10%
>'
3
"
■<t'
'
1
10%
Apr
Apr
68*4
62)4
400
76 %
74
-
;• 8)4 May
8%
Apr
M 2
May
100
5%
Feb
Apr
Jan
%
1%
50
Jan
Jan
'42"
28%
26%
Jan
55%
Power Corp of Canada...*
Jan
"12% "is"
••
Jan
Mar
Mar
%
Apr
9
Pneumatic Scale com... 10
Feb
National Container (Del). 1
42
24%
23%
10
Jan
%
3j,
Jan
*i»
200
30% Mar
300
*
43
7%
Jan
-
1st preferred....
Apr
214
M ay
-
190
700
24%
.25
48%
1,900
6%
■
34
26%
23%
Spanish <fc General Corp—
Amer dep reots ord reg—
Spencer Shoe Corp......*
Stahl-Meycr Inc
*
100
-.:>1 »u
18)4
;—*
National City Lines com.l
$3 conv preferred.!..-50
1
4% May
""440
Nat Bellas Hess com.;..l
National Candy Co
Mar
26%
33%
Southland Royalty Co...5
39
4%
Nachinan-8pringfllled_—_*
■
8% Preferred A
Jan
100
Plough Inc common...7.50
'
Jan
27
24
Spalding (A G) <fc Bros...l
Pittsburgh Plate Glass..25
9
4
4%
35%
>4%
34%
•Pleasant Valley Wine Co.l
National Breweries com..*
Mar
f
4%
Pittsburgh Metallurgical 10
'
35
Jan
26%
Southorn Union Gas.....*
]
Pioneer Gold Mines Ltd.l
:
Jan
Apr
Feb
•;
.*
Common........
l
2%
3%
Jan
Apr
Jan
27%
100
Southern Pipe Line..... 10
Jan
36%
8% pref.25
Conv $3 pref series A.10
100
N
29
Southern Phosphate Co. 10
31%
1,450
Phoenix Securities—
Feb
Jan
Jan
25
29
6% preferred B
25
5%% pref series C...25
Southern Colo Row cl A.25
43%
Feb
5
Feb
2%
114
6% original preferred.25
Jan
Jan
11%
114%
1%
Apr
1
Southern Calif Edison—
20
42%
Pierce Governor common.*
...'
Murray Ohio Mfg Co....*
Mar
Apr
.
Jan
%
2
South New Engl Tel... 100
Mountain States Power—
! Muskegon Piston Ring.2%
3%
45%
2%
43
*
"2%
4% May
*
Jan
3
Apr
Jan
Perfect Circle Co
Phillips Packing Co
9%-'' Apr
900
4%
176%
Jan
Jan
Feb
-
"200
1%
»u
25
Feb
•
%
Apr
High
Low
300
Southwest Pa Pipe Line. 10
125
'
4
South Penn Oil.
Jan
96
17%
Mar M ■> %
M 14
Jan
100
Mar
Phlla Elec Pow
5,600 <■> 1% May
T%
105
Apr
Philadelphia Co common.*
Mar
■
"\14 '
ltf
Apr
70%
81
Jan
15%
I Moore (Tom) Dlst Stmp.l
Mtge Bank of Col Am slis.
Mountain City Copooin_5c
'Mountain Producers
1U
78%
10
Peppered Mfg Co..—.100
Feb
S
-
2%
2%
South Coast Corp com.. 1
Feb
17
Range Since Jan. 1
Shares
1
Feb
%
High
"1% "T%"
1
T—
120
89
79%
Pharls Tire & Rubber—.1
6
161
Feb
15*4
Moody Investors part pf.*
79%
Penn Sugar Prop com—.20
Mar
152
360
158
156
88%
$6 preferred—
Penn Salt Mfg Co;.-..60
Feb
Mar
1%
Mar
'1#
2%
IjOW
1
Corp
Soss Mfg common..
Class A common......*
Price
..1
Solar Mfg Co
30%
Penn Water & Power Co.*
5% Apr
Montgomery Ward A;--*
Montreal Lt Ht &. Pow..*
National
Par
High
Mar
Feb
1 )4
r
'■'
Montana Dakota Utll.—10
6% preferred
Shares
Mar
5%
J4 May
Week
26
Mar
'
for
of Prices
46%
30% Mar
Feb
25
IOO
200
Week's Range
$2.80 series pref....;-.*
8%
Apr
4
500
r
Last
Sale
Solar Aircraft Co
t-'
>
;V,-
:
High
Penn rr & Lt $7 pref.—*
;•
Jan
J
I-
Mar
\
Apr
-
jjv
100
AM
Monroe Loan Soc A..I..1
Common
Low
Sales
STOCKS
(Continued)
Range Since Jan. 1
$5 series pref..;!;'-..-;'..*
Jan
'
25%
! ,l16
25-'
Monogram Pictures cora.l
,
Price
Friday
for
Week
Pennsylvania Edteon Co—
v: Jan
82
8%' Apr
V ioo
Mock Jud' Voelirlnger—
Common
44%
Sales
of Prices
«
Pennsylvania Gas & Elec—
90
Missouri Pub Serv com..*
'
I
Feb
'May
67'
Par
% May
54 May
32
550
& L
7% pf 100
Mississippi lllvcr Power—
•'
6% preferred.......100
>
Sale
Week's Range
Last
High
Low
Shares
37
'
:•
'
Minnesota P
STOCKS
(Continued)
»>' Range Since Jan. 1
for y
Week
"5
w
Friday
Sales
35%
35%
60
1
jatwwemiw—
—
-1
THE COMMERCIAL
Monday, May 18, 1942
& FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
Week's Range
Last
STOCKS
v
of Prices
Low ■ - ' High
Sale
(Continued)
Price
Friday
Friday
Sates
Friday
Last
BONDS
Last
Week's Range
Range
BONDS
0Continued)
Range Since Jan.
for
Sale
of Prices Low
•High
Since
(.Continued)
1
Week
Price
Shares
Sale
Price
Jan. -1
Week's Range
■
of Prices \
High
Low
Public Service Co of Colorado—
f
1st mtge 3*48.:,,:
S f deb 4s
i
!
General Pub Serv
84 conv
Coal 4s..«_.*«
4*4s A —
{♦Gobel (Adolf)
Queens Borough
4sj...
5s stpd..
Great Nor Power
Baking—
r;\
extended—
*
Wagnji
V.
,
Class B.... -
,
-——-
Co..
Walker Mining
& Wast 8s-...
Guantanamo
1951
4*4s....l979
Safe Harbor Water
{♦Guardian Investors 5s..
*
1
Gas A Electric—
5*4s series A...'.—.
Prod 6s
Grocery Store
A...*
Bond class
H A
I
Mountain Pow 3*4s
Green
preferred...—-.100
,->7
W
...*
"raft Co
1950
1st & ref 4 >$s series D
Light 5s.
Georgia Power &
Grand Trunk West
Waco A
certificates..__:r.
6% perpetual
Puget Sound P A L 5 Mis..'..-1949
1st A ref 5s scries C-1950
Util 6*4» A->♦Gencral Rayon 6s A.a—
Gen Water Wks & Elec 5s.
Gen Publlo
Glen Alden
.
4s...;.. 1969
Public Service of New Jersey—
3*4s A —
5s—
Gatlneau Power
com.......1
preferred-i.—5
Venezuelan Petroleum-—1
Va Pub Serv 7% pref.100
Vogt Manufacturing.....*
Valspar Corp
1964
1949
.
......... .
Pub Serv of Indiana
Joaquin Lt A Pow 6s
San
♦Schulte Real Estate Qs
Scullin Steel Inc 3s
Knitting Mills...5
Oil Co..
1
Wayne
Shawiuigan W & P
Wellington
Hygrade Food 6s A...
Southern Calif Edison
Maryland Ry—
111 Pr A Lt 1st
5*4s series B
1st A ret os series C
1st A ref
S f deb 5*4s
Indiana
Products
Wilson-Jones Co
Indianapolis P & L
...10
Wisconsin P & L
Wblverine Portl
1951
51*4
76)4
55*4
49
76*4
"55*4
'53
I 1966
53
3*4s.. ..1970
52
%
49
77'
•
55J$
49*4
76 H
55 ?4
55l<
49
76 H
6s.. 1957
53M
S3:
60
76%
1950
$19*4
20*4
18
25
Debenture 6s.Dec
6s gold debentures...
1957
k
Standard Power A Light
♦Starrett Corp Inc 5s
1955
coup).1955
1957
♦7s (Aug 1941 coupon).. 1957
♦7s series F
1952
♦7s (July 1941 coupon.. 1952
Interstate Power 5s....
1957
Debenture 6s—....
.1952
Iowa Power A Light 4*4s—1958
Italian Superpower 6s
1963
Petroleum.....!
Woolworth (F W) Ltd—
i'Amer dep rets
5s
Wright Hargreaves Ltd..*
106
49
"55 %
S3
Debenture 6s...i....s..-..
Corp—
Stlnnes (Hugo)
10*4
Texas
15
15
........1946
7-4s 3d stamped
1946
Certificates of deposit.......
7-48 2d......
♦7s series E_..',
Woodley
88
42*4
4Sji" 48*4
(stamped) ...
May 1948
Conv 6s stamped....May 1948
♦6*4s series C
♦6*4s (Dec 1 1941
2
Wolverine Tube com
95*4
$94
6s
international Power Sec—
7% Pf 106
Cement 10
103106)4
106^ 106
3J^s—1970
6s.;.....2022
,
*Indianapolis Gas 5s A-i.... 1952
Inc. A.!
Wilson
Southwestern P A L
Spalding (A G) 5s..........1989
Standard Gas A Electric—
,v,y!
5s.._i:;.-i..l963
1st lien A ref
C) A Co..-..*
Oil t>-Mat Ht..*
Williams (R
Southwestern G A E
Hydro-Elec 5s
1958
Service 5s
..^..1950
Indiana
Weyenl>erg Shoe Mfg...ul
Wichita River Oil Corp. 10
Williams
1967
1953
1964
1956
May 1957
3?4s
6s ser A
Idaho Power
*
Coal-i-.20
Inc.-.—19
Westmoreland
Westmoreland
—
South Carolina Power
1st preferred
100
Western Tablet A Station'y
—.—- -
i.
—1947
5s....1957
3s....1965
Southern Calif Gas 3l4s_.J..1970
Southern Counties Gas (Calif)—
i.
1st mtge 3.S:....:...-...... 1971
Southern Indiana Rys 4s
1951
6s aeries B—
7%
(Common
4*4s
4*4s scries D
Sheridan Wyo Coal 6s
com...20
Grocer
Western
Western
1st
Pr 3*4s
Houston Lt A
Mfg..—,'.1.25
West Texas Util $6 pref..«
West va Coal & Coke....5
Western Air Lines Inc..!
Wentworth
B.1952
1951
.1951
1967
1970
15
Electric Service 5s.
A Light 5s.:
Texas Power
6s series A....
Tide Water Power 5s
Toledo Edison
Friday
Last
Range
of Prices
Low
High
Since
Jersey Cent P A
Twin City
Jacksonville Gas (stpd)
Sale
BONDS
Week's Range
Price
Jan.
3*4s......
Rapid Tr 5)48
L 3*4s
1
f*Ulen A Co--,!h.v,.
Elec 6s..
Pow A Lt 3*4s..
Kansas Gas A
Kansas
Electric Co
American Gas &
1950
{334* sf debs....----.*--1999
•,i3^s s f debs.^---.-------$970
r.ji2^4s s f debs
& Light
deb 6s..2016
Writing Paper
6s...--1961
Amer Power
Amer
Appalachian Elec Pow 3)48--1970
Appalachian Pow deb 6s
2024
Arkansas Pr A Lt 5s
...1956
Associated Elec 4)4s—
1953
f
♦Conv deb, 4 >4s.
■
♦
3*4s.l966 A O
Lt'5s...J..1957 J D
Dist Pow
93*4
94*4
Lake Superior
82
82
Louisiana Pow A
39
Assoc
Light
Elec
Atlantic City
Avery A Sons
k
4*43.-1967
105*4 105*4
1978
5S...L—:——1955
102*4 102*4
105*4 105*4
Wash Ry A Elec 4a... j_...
101
Wash Water Power
Milwaukee Gas Light
Minnesota
.
1st ref 5s series B
.
.
..
.
Debs I 6s.
109*4 109*4
$100*4 102
60*4 60 J4
Waldorf-Astoria Hotel—
PAL 4*43-'
1st A ref.
Mississippi PAL 5s........ 1957
♦58 income debs.
101*4
5s.1951
West Pcnn
$10)4 111*4
2*4
4*4
108*4 109*4
....
107
Electric 5«
Traction 5s
Western Newspaper
108*4
99
3*4s..
West Peun
Mississippi River Pow 1st
1947
1947
warrants
5s without
84J4 85
99*4 100
$109*4 111*4
_
warrants..i.
5« with
Virginia Pub Serv 5Hs A.
....—,'..1948
^.1947
Metropolitan Edison 4s E—1971
4s series G
1965
Middle States Petrol. 6J-4S... 1945
Midland Valley RR. 5s......1943
Mis A
1955
4)4s..^—1955
3)<s — ..1964
(13. F)
A Mfg—
6s stamped
.
Mengel Co conv 4)4s
r-'
TAT deb 5
Atlanta Gas
.1944
2022
42*4
1977
•
mxitiii
129
5s........—-1968
Debenture
.;.-
—
.92)4
'i
"
1st lien & gen 4*4s
Deb 6ascries A.
■
$105 H 105*4
106*4 107
1950
♦Conv deb 5*4s
It
Utah Power & Light Co—
105 Mi 106*g
I.... - r - -1944
f. -♦Conv-deb 5s._..--:-r
-.1959
(Del) 5Ms.l952
Uuited Light A Railways (Me)—
6s series A
...1952
102)4 103
4lis.....-----1948
♦Conv.deb
^
United Lt A Rys
McCord Radiator
>
112
5*4»
1st lien & cons
.14
N: 112*4
$13
United Light A Power Co—
1110*1112
$10314 194
$125
..1950
1949
stamped
^United Electric N J 4s
102 '4 103 •<;
Elec Co~",.i0
fAssociated Gas A
Conv 6s 4th
107
107
121*4 12114
3 *4s
Kansas Elec Power
*4108*4
107)4 117,
Union-
6s unstamped...
6s stamped
Suffolk Ltg 5s
Nebraska Power 4*4s
Nassau A
Baldwin
Locomotive Works
Convertible 6s.
Bell Telephoi c
1st M
:t
•
C...i----«.
•;
v
99*4
99*4
110
110*4
115*4 122
Nevada-California Elec 5s...1956
New Amsterdam Gas 5s.
1948
New Eng Gas A El Assn 53..1947
5s series B
C 5s series
v,
6s series A
— - —
of Caiuda—
1945
..1981
2022
-'''v..
Bettilehem Steel
Conv deb 53-.
6s..-.-—Electric 4 *48 ..
Boston lidi'on 2*48...
Broad River Power 5s
New
45*4
47*4
45*4
.....1948
.....1950
5s...
Blrmlugl>am
91
114
1961
1918
England Pow 3*4s
Pow Assn 5s.
New Eng
Northern Power 5s.. 1953
Gas 3*48..-1961
{♦Central States Elec 5s
1948
*
Canada
♦5*48-
Nor Cont'l
A L 5*48—-1953
5s ctfs..-.--1927
Cincinnati St Ry 5*4« A
1952
6s
51,000
34,000
105*4 105*4
2.000
111
5,000
$107
111*4
Foreign Governments & Municipalities
Friday
Last
.....
4,000
114*4 114*4
Prop
'
--1955
-i-Jan 1966
1950
.....1958
5s .... -u 1969
3*4s series A
1st
Debenture
Bogota (see Mtge
Danish 5)4s
1st ref mtge
1949
<
Hilst ref mtge
Consolidated
•
I-.'--
.
kr..
•
-/ft'•*
Okla
Okla
6>4a stpd. 1958
'♦Maranho 7s J
1958
♦Medellln 7s stamped
?_.1951
J
.! ■;■■ ■
!
Mtge Bank of Bogota 7s..l.1947
[♦Lima City (Peru)
1976
Gas (Bait Ctty)r-
Pacific Ltg A Pow 5s.I...
'
Pacific Pow A
$100*4 103
99*4 99*4
$20
25
Light 5s _•*.?
3s.
. J,
Park Lexington
Penn Cent LAP
3*48^:..--.-1955 1
=
100
1st 5s
Penna Water A
Pow 3*48..
Empire District EI
122 *4
86*4
92*4
5*4s
Transit 6s__..;
106*4 105*4
Phlla Elec Power
Phila Rapid
196
•5s stamped
/'
5s E
4*4s Beries F..
Bank 6s-5s stamped
;
Florida Power Co 4s ser C_,
Florida Pow A Lt 5s
t
■
' "'
'
Mtge Bank
Chile 6s'--.".1931
of'Denmark 58^ .1972
(State) 7a .J ... - . .".1658
'♦Rio de Janeiro 6*4s....----1959
i
Paraua
*5*48
i
♦Santiago 7s.i..—.
99
J" 'D
J D
MS
J <3
6*4s--1919 <1 D
.J....1921 J J
^..1949 J J
2,000
i
♦No
-
~5J)00
14.000
2,000
110*4 110*4'
$100*4 104
4*4s B..
•
$71*4
78
|N
O
I
!
■
'♦Mtge Bank of
♦
'
1927........ - - - J"
1927
....... A
♦Russian Government
2,000
8,000
109*4 109*4
u
....
Potrero Sugar 7s stpd
Power Corp (Can)
Finland Residential Mtge
-
My
J D
n
par
value,
a
Cash sale... x.
and asked price; no
i
j Fridav's bid
•$
• Bonds being traded flat.
|
{ Repotted
in receivership.
Abbreviations
Used
sale.--d Ex-Interest, t Qdd-lot saie.
Ex-dlvidend.sales being transacted during current week.
Deferred delivery
Undcr-thc-rule sale, -r
•1 .; ■
Potomac Edison
5*4s.
15,000
-
..87*4.88*4
6s stamped extended
1
Federal Water 8ervlce
J
M S
May
Portland Gas A Coke Co—
123*4
104*4 105*4
5s
30.000
-.A: _
29,000
♦Issue of Oct
t
105*4
$107*4 108*4
107*4 107*4
114*4.116
3*48
80*4
68*4
Gas A Fuel 4s —
Electric Power A Light 5s
Eliuira Wat.»r Lt A RR 5s
100*4
105
4*4»--s.
♦Issue of
f
4*4s...
— 1954,
Continental Gas A El 5s..f..l958 ,
Qnban Tobaeco 5s.
-.1944 (
liastern
J
,
t
vGen mtge
Gudaliy Packing
1955 M If
.....1953 F A
i*~~
•
.
'
4s...1962
Nat Gas 3^4» B:..Aug-1955
Pow A Water 5s j
1948
1969
2*4sserQ
1st mtge
v/'-.C'-'-
r
Ext 5s..,
-Danzig Port A Waterways— "
I ♦External 6*4s stamped...1952
i
'
<•
... •" i,.
;• ■'* '...•'•V--'t "
Ohio Public Service
-.-.-1971
3s ser P
*
1945
3*4s...l968
3s..^...r
...1971
Ohio Power 1st mtge
Community PAL 5s........ 1957
Connecticut Lt A Pr 7s A—1951
Consol Gas El Lt A Pr (Bait)
Ti3*4B series N
Bank of)
♦Cauca Valley 7s.;...'
1952
L 5*48
of Prices
High
Agricultural Mtge Bk (Col)
♦20-year 7s.—
April
♦20-ycar 7s
v..-Jar
Service—
1969
Ogden Gas 1st 5s
Cities Service P A
6*48-..— . —
Week's Range
Low
3*4s...1947
5s
6s
Debenture:5s..
Conv deb
Sale
BONDS
Util 5*4s........l948
Ind Public
Northern
series B...
Cities Service
,
70
72*4
69*4
72*4
1956
5*4s series A
Nor Boston Ltg
{•Chicago Rys
,
19.000
7,000
17,000
Light A Power—
North American
Central States P
-
46*4
47*4
47
{♦York Rys Co 5s stpd
•Stamped 5s
1.000
Price
1954
-
— .
31,000
114
$107*4 109
...1954
New Orleans Public Service—
♦income 6s series A—Nov 1949
N Y State E A G 3*4s
1964
N Y A Westchester LtJ 4S..2004
Debenture 5s
..".1954
Debenture 5*4»
Central III El A
95*4
...
5,000
15,000
13,000
,
_
Abate—'"cod,'?,
" " ' 'r ■ '
certificates of deposit; "cons," consolidated-
convertible; "Mmortgage; "n-V,"
certificates; "w t," when Issued; ."w w," with
i'cum." cumulative; "conv."
"v t c,"
voting trust
without warrants.
'
I
non-votihrstock;
warrants; "x w,"
.WV-lVmMIifflVMfl#»> W JUvjftWmlHWttHKUN
THE COMMERCIAL
Number 4073
Volume 155'
&
FINANCIAL CHRONICLE
OTH ER STOCK EXCHANGES
BaltimoreSlockExchange
May 9 to May 15, both inclusive, compiled from
Sales
Friday
Week's Range
Last
for
Sale
Week
of Prices.Far Price Lowi' High Shares
Stocks {Continued)
official sales lists
Range Since Jan. 1
Cincinnati Stock
Chicago Corp common.,..]
Convertible preferred..*
Chicago Yellow Cab cap!. *
GhryslerGorp common. —6
Chic Flexible Shaft com..5
Friday
Week's Range
Last
Sale
of Prices
Price Low
-.High
Sales
for.
Week
Friday
Last
Shares
Com'wealth Edison
com
Sales
Week's Range
for
'of Prices
High
Shares
Sale
Cities Service Co com... 10
,
Stocks-
Price
Lou>
Aluminum Industries..:.*
Arundel Corp—.. „—*
Consolidated OU Corp...*
Amer
Consumers Co—
Baldwin
Ctn Gas ft El pref—...100
CNO & T P.:..u..1.-20
Consol Gas E L A Power.*
Crane Co
—
*
_—
Cudahy Packing—
Fidelity & Deposit. —:2Q
...25
com
Common.
^
...
30
c
Cohen
Deere & Co com..
2
..
Northern Central Ry_. -50
—
r
Hatfield prior pref.....112
Eddy Paper Corp (The)..*
5s flat.1975
16
Wurlltzer j__..:10
Preferred
Exchange
Preferred
....10
General Foods common..*
Gen Motors Corp com.. 10
Sales
Friday
Week's Range
Sale
-
of Prices
Price. Low
.
.
High
464
24
24
30
4%
......
4%
10
......
"»>••• 10)4
9%
1%
General Motors......::10
334
Timken Roller Bearing.. :*
33 %
r
33 *
32 %
Hi
i%
34)4
33 %
Genl Outdoor Adv com...»
for
44%
30
Amer Rolling Mill.
_..25
"City Ice ft Fuel—.....:.*
Columbia 'Gas..:.......*
Gen Finance Corp—
May 9 to Mgy 15, both inclusive, coippiled from official'sales lists
Last
44)4
......
Unlisted—
General Electric Co....*
c
:
8)4
22)4 " 22)4
254
.'.I...50
__
Boston Stock
14
.18)4
8)4
22)4
Prooter & Gamble—„_:_*
FltzSmns&CnD&Doom.*
2H
16
18 )4
......
USPrlntlng..:'.:.....:.*
common.. 1
6)4
24
Eversharp Inc
A
89)4
7
60)4
8
•
2)4
74
......
Hilton-Davis preferred... 5
Elec Household Util Corp 5
Elgin National Watch Col5
Bait Transit Co 4s flat 1975
'
8
......
Kroger
Bonds—
89)4
64
60
Formica Insulation...::.*
Gibson Art—......
.—*
De Mets Inc preferred-..*
Dodge Mfg Corp com....*
U 8 Fidelity & Guar.....2
77
6 )4
(Dan)..V.._'.i.i.*
Drug—:—:::—:.:*
Eagle-Plcher
10
Dayton Rubber Mfg com. 1
i
1%
15
76
•
60
Dow
...
6
* 15
1
Cincinnati Telephone..:50
Cln Union Stock Yds..:.*
Preferred100
New Amsterdam. Cas
—
204
6
1%"?-
—
76
Cincinnati Street.......50
i....
7% cumul pref—..100
Cunningham Drg 8trs_2)4
Curtiss-Wrigiit
1
Monon W P P 8 7% pf..25
Mt.Vernon-Woodbury Mill"
,*
Burger Brewing——
.»
Champ Paper ft Fibre.—*
4)4% pref
100
Davison Chemical corn.:.!
Gillette Safety Razor com *
Cleveland Stock
GoodyearTIreft Rub com*
Week.
Gt Lakes Dr ft Dk com..*
Shares
-Bigelow-Sanfd Carp pref 100
Bird ft Son Inc....,..:.*
Hormel ft Co (Geo A) com *
Boston ft
Houdaille-Hershey cl B..»
Hupp Motor Car com—1
Albany......IOC
.25
Boston Edison.....
.
Week's Range
-
Stocks
Boston Herald-Traveler:.*
Indep Pneum Tool
,(
of Prices -High
Low
for
Week
Range Since Jan. 1
Shares
Illinois Cent RR com..100
Boston ft Maine— :r
llsjls^
Sales
.100
..
fi
Exchange
May 9 to May 15, both inclusive, compiled from official sales
Heileman Brewing cap...l
Hlbb Spenc Bart lett com 25
Amer Tel ft Tel:..——100
Boston Elevated..
Range Since Jan. 1
Week
5
204
l.
..6
Continental Steel
....
5
Laundry Mach_.:20
V tcprefpartshs
50
Contnr Corp of Am com.20
com.
-
.26
Atl Coast Line (Conn). .60
Bait Transit Co com v t c *
1st preferred v t c...100
Exchange
May 0 to May -15, both inclusive, compiled from official sales lists
»
.
Canfield OIL-.:.:.—100 ■!
s t c..*
Indianapolis P ft L com..*
Clark
Indiana Steel Prodcts
*
Cleve Builders Realty....*
Cleve Cliffs Iron pfd
*
Boston Pern Prop Trusts. ♦
Interlake Iron Corp com.»
Cleveland Ry—„.::—100
Brown Durrell..:—....*
Internat Harvester com..*
Cliff Corp common......5
Calumet ft Hecla..
Iron Fireman Mfg Co v t c *
Colonial Finance.:......1
Prior preferred..:
Cl A 1st pref
100
stpd... 100
com
Inland Steel Co cap.
ClassC, 1st pf, stpd. .100
.5
1
c
Kellogg Switchboard com. *
6% preferred....:.. 100
East M ass St Ry—
Interlake Steamship...—*
Lamson ft Sessions...—.*
Adjustment
%
100
100
6% preferred
Leatb ft Co
100
——
Eastern S8 com»
Preferred......
Otis
—i-*
c
Gillette Safety Razor Co.*
Lynch Corp common....5
'•
Steel.
Packer Corp.
*
Lion Oil Rel Co cap
.
cOhlo Oil common......*
*
Common....—...
Employers Group Assoc..*
General Capital Corp....*
.
National Refining new...*
; Prior preferred
6%....*
*
com
.
>
Medusa Portland Cement *
..100
Llbby McN ft LIbby com. 7
Lincoln Ptg $3)4 pref....*
:-*
Lamson Corp (Del)—
.
,
McKee, AG, "B" —.....*
Kentucky Util Jr cum pf .50
.......
.
Grelf Bros Cooperage A..*
Ken-Rad Tube & Lamp—
Common A...
*
—
1st preferred
Preferred B
.
GoodyearTlre&Rubb...*
4)4% prlot pref.....100
•
.
Chemical pfd.... 100
General Elec common..*
Jarvis (W B) Co cap—1
Eastern Gas ft Fuel Assoc—
■A'
.
,
Dow
Ear,t Boston Co....—..10
Common
.1
....
*
Copper Range.
Controller
*
Republic Steel common.*
Richman
Bros:.........*
ThompsonProduots Inc..*
*
oO S Steel common
:_*
8% cum pref——: 50
Maine Central com....100
Marshall Field com
Narragansett Rac Assn.-l
National Tun ft Mines :„*
McCord Rad ft Mfg A...*
Vlchek. Tool.—_
Mrchnts ft Mfrs Sec comAl
Weinberger Drug Stores—*
Youngstown Sheet ft T.—*
c
.
New England Gas
pref
*
Van Dorn Iron Works.. I. *
Martin-(Glenn L) com.. 1
Middle West Corp cap...5
— ..
———L'_*
New Engl Tel & Tel:.. 100
NewHavenRR—.
Midland Unit conv pfd A. *
...
Midland Utilities—
2.66
North Butte..
Pacific Mills Co....
Reece Fold Mach.
—
Go
....*
Nash-Keivinator Corp. .5
Natl Cylinder Gas com. . . 1
c
Torrington Co (The)——*
..——...
*
Members
Natl Standard com
10
c NY Central RR cap...*
United Shoe Mach Corp. 26
6% cumulpref—-.25
W aldorf System
——*
Warren
Watling,! Lerchen
Muskegon Motor Spec A.*
Bhawmut AssnT C.—.:.*
U nlted Fruit Co
com v t c
$1 prior preferred.... 10
Montg Ward ft Co com..*
ReeceBut Hole Mach C610
Stone ft Webster
100
Miller ft Hart Inc
.50
Pennsylvania RR.
v.-,..
7% prior lien
*
New York Stock Exchange
New York Curb Associate
Detroit Stock
Noblitt-Sparks Indus cap. 5
Chicago Stock Exchange
Exchange
.
North Amer Car com...20
(SD) Co.—..—.*
N or thwest Baueorp com.. *
DETROIT
Ford Building
North West Util pr 1 pf. 100
BONDS—
.
Boston ft Maine IIR—
1st mtge A
Inc mtge A
c
4%..... 1960
4)4%:.. 1970
Paramount Pictures
com
1
Peabody Coal Co B com..5
6% preferred
100
E Mass St RIt—
Telephone: Randolph 5530
.
-
Penn Elec Switch A
Series I) 6s——.'..1948
.
10
.
Pennsylvania RR cap...50
.
Peoples G L ft Coke eap 100
.
Pressed Steel Car comi...l
c
May 9 to May 15, both
inclusive,
compiled from official sales lists
Pure Oil Co
.
Pullman Inc capital..:.*
c
.
(The) com..*
Quaker Oats Co common.*
May 9 to May 15, both inclusive, compiled from official sales lists
.
Sales
Friday
.
Last
Sales
Friday
Week's Range
Last,
Sale
of Prices
>;
High
>
Price
Low
c
for
c
Republic Steel Corp com *
Rollins Hosiery Mills com4
Week
Schwitzer Cummins cap.. 1
Serrick Corp B com
Steel Co com...-.25
c
c
c
.
Det ft Clev Nav com ..—10
.
Detroit Edison com
20
Detroit Gray Irom com.5
Preferred...
Det-Mlchigan Stove com.l
....20
Detroit Steel Corp com.: .5
Standard Oil of ind eap.25
c Stand Oil of N J cap.-.25
Durham Mfg common... 1
Anaconda Copper Min.50
Associates Invest Co com.*
.
Sterling Brewers Inc com.l
Atcb Top ft S Fe com. 100
Athey Truss Wheel cap. 1.4
Ex-Cell-0 Corp com.....3
Frankenmuth Brew com.l
.
Stewart Warner Corp com 5
Automatic Washer com.. 3
Aviation Corp
Standard Brands com..*
Standard Dredg Crp com.l
Armour, ft Co. common. .5
c
Crowley Milner com.....*
.
2
Am Rad ft St San com.. *
Amer Tel ft Tel Co cap. 100
1
Continental Motors com.l
.
Sth Bend Lathe Wks cap.5
Spiegel Inc common
Amer Pub Serv pref. ..100
c
(Del)—...8
.
Studebaker Corp com.. 1
com 5
•Swift ft Co capital..
Gen Motors
.
.3
—10
.—...
10
com
25
Goebel
15
Graham-Paige common..!
Corp capital.....25
Hoover Ball ft Bear com 10
Swift International cap.
Barlow ft Seellg Mfg—'
Gar Wood Ind com.
Preferred-.
Sundstrand Mach T'l
Barber Co (W H) cora-.l
Range Since Jan. 1
Shares
Consolidated Paper com. 10
:_1
.Signode Steel Strap-pref. 30
Allied Laboratories com..*
.AUls-Chalmers Mfg Co—*
for
Week
com...5
Baldwin Rubber com
.
Sears Roebuck ft Co cap. .*
of Prices
Low
High
Price
Atlas Drop Forge
Shares
Abbott Laboratories com.*
Acme
Stocks-
.
Week's Range
Sale
Radio Corp of Amer com *
.
Brewing com
.....
1
6
A common..
Bastian-Blessing Co com.*
Texas
BeldenMfgCo com.....10
Thompson (J R) com..:.2
Trane Co (The) com
25
Transcon ft West Air Lns.5
Belmont Radio Corp.——*
Hudson Motor Car com..*
Hurd Lock ft Mfg com... 1
.
LaSalle Wines common..2
fiendlx Aviation com....6
Union Car!)ft Carb cap..*
U S Gypsum Co com.—20
United Air Lines Trnsp cap 5
Berghoff Brewing Corp... 1
c Bethlehem Stl Corp com *
U S Rubber Co
Bliss ft Laughlin Ino com.5
-
com
.
.
.
10
Borg Warner Corp com..6
7% cum preferred... 100
Utah Radio Prods com.._l
*
Co (E L) com...:.5
Class A preferred.-...:.
Bruce
Walgreen Co common
Wayne Pump Co cap..
1
Western Union Tel com 100
5% cum conv pref...:30
Westnghs El ft Mfg com.50
Williams Oll-O-Matlccom *
Woodall Industries com..2
Castle ft Co (A M) com. 10
Cent 111 Pub serv $6 pref.*
Wrigley (Wm Jr) Co eap .*
Central 111 Secur conv pref*
Cent S W Util com
-
Murray Corp com..
.
.
.
10
Packard Motor Car com..*
.*
Peninsular Mtl Prod com.l
Prudential Invest com...1
Rlckel (H W) com—2
.
.
.
.
River Raisin Paper
com..*
Scotten-Dlllon common. 10
1
1
ShellerMfgcom—
Std Tube B com
50c
c
Preferred
Yellow Tr & Coach cl B.l
.
Tlvoli Brewing com...... 1
Warner Aircraft com
$7 prior lien pref. ...:.*
Kenlth Radio Corp com..*
Cent States Pr ft Lt pref.*
For footnotes see page 1611.
1
.
*
—
.
1
Mich Die Casting com.. .1
Parke, Davis com.
Burd Piston Ring com... 1
Butler Brothers...:..—10
_
McClanahan Oil com
Michigan Sugar common.*
U S Steel common...—..*
Brown Fence ft Wire com.l
Masco Screw Prod com..
.....
1
Wayne Screw Prod com..4
3
Monday, May 18, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
1910
OTHER STOCK EXCHANGES
Los
Sale
Par
Stocks—
Bandinl Petroleum Co.—1
Blue
1.65
"
100
1.30
ByromJackson Co—-—-*
al7
Central Invest Corp...100
Cessna Aircraft Co
-.1
,•"■'
Chrysler Corp.........-5
Consolidated Oil Corp...*
Consolidated Steel Corp..*
9
al5c
a
15c
9
150
-
464
44
44
50
100
15c
33
33
269
General Paint Corp com..*
4
4
160
74
al54
189
74
al5
Goodyear Tire & Rubr Co *
Apr
6
Jan
20c
1
Jan
54
:'
Feb
Feb
64
114
344
Mar
May
4
•:'
% '! Apr
554
Mar
314
230
\
Jan
12
May
15c May
•
y Jan
12
May
100
General Motors Corp com 10
Gladding McBean <fc Co..*
19
'
Jan
4%
a
Jan
04 May
.1
Jan
124 May
174 May
'
Jan
624c
Apr
498
•/s:
*v
44c
10
100
a4
a4
1
Exeter Oil Co A common.
574
2
Apr
35
04
94
a55%
4%
------
Jan
Feb
24
•
al7
94
......
1,85
2.70
1.30
100
al24 al24
Calif Packing Corp com.:*
Jan
May
112
;
44c
44c
1
Bolsa Chica Oil common..
1.50
2.20
-500
1.30
L30
Diamond Corn —2
1.70
2.40
•
for
of Prices
Low
High
Week
Price
174
120
174
54
Jan
Mar
Jan
Apr
Apr
84
'
14
'
19c
19c
Lockheed Aircraft Corp.. 1
al5
Co.. 10
6
Los Angeles Invest
Menasco Mfg Co.
1.15
——1
17
May
23
Jan
176
6
Apr
7
Jan
1.20
124
10
124
174
Pacific Gas & Elec com..26
;
1.20
6%
280
16
May
15
194
Jan
Apr
90
254
Mar
274
American
11124
American Tel & Tel-I---100
Bildd (E
G) Mfg Co....
"T w"r r
Budd Wheel Co........
Chrysler Corp.....
5
Curtis Pub Co common:
56
564
"
Prior
preferred
.
29
33 K
General Motors.J...... 10
Horn & Hard (Phil)
Horn & Hard (NY)
384
25
25
102
May
Apr
304
Jan
Jan
all
all
53
114
Feb
114
com!.*
Lehigh Coal & Nav.
2%
Corp............3
Philco
Scott
36
Richfield Oil Corp.......*
a64
a64
Markets—2
Roberts Public
;
.
: 290
34
•
374
a3l4 a314
24 4
24 4
all
a114
"ail"
1
Solar Aircraft Co
V; a5c
"""24
24
Sontag Drug Stores......*
34
725
84
84
.11
54
,
Jan
244
244
Jan
YZ 67
104
264 May
264 May
Jan
Jan
Mar
a5c
24
34
Jan
144
14
100
17
26
"244
•
244
a
"I94
44
2554
Apr
4324
Apr
*24 Mar
-
Jj.'
10624
Jan
Jan
$800
10624 1062s
Mar •108
110
26
441
244
Jan
Feb
204
104
613
104
194 " 20
184
Jan
Week's Range
Last
Sale
Par
Stocks—
-
of Prices
High
Low
Price
Blaw-Knox Co————
V
High
tow
Vanadium Alloys Stl
104
104
1,832
10
Apr
134
Jan
—i
a74
84
70
8
May
104
1724 May
110
Wellington Oil Co of Del.. 1
;:.24
24
100
Westlnghouse Air
524 May
'
327
124
1024
1,710
216
v.724
U%:
334
26
Alaska-Juneau Gold
-
:
..10
May
8
1234
Apr
934
8)4
10
al4
25
*14
Apr
3c
3,000
3c
Feb
Jan
Mar
24
44c
Zenda Gold Mining—— 1
834
1224
18
'■
1124
'F*4
8
330
:
624
Y
Majl
1654
97
Feb
6
Apr
4 24
Apr
1,370 y,;
L
1
124
'
''
61)4
60
62
424
26
* '
4
■v; 1
American Tel & Tel Co. 100 all3
Anaconda Copper M In Co 50
23 4
234
Feb
,3124
63)4
Grp.*
Apr
55%
123
234
224 '
V
33,
33
33
Brake,..*
1454
14%
1 524
y.
224
524
'i
4
600
;/
35c
Apr
35c
Apr.
1.00
1.00
foo
90c
Jan
1.50
'Feb!
4:
Apr
'
4
-n;
Pacific Coast Aggregates/5
385
.324
•
Aviation
3
Baldwin Loco Wks v t c.13
Barnsdall Oil Co.. .—..5
a53%
*
Betulenem bteeiOorp
Curtiss-Wright Corp.....1
A...——.1
"a21%
1(M)
00c
/ "i 10
10
:•
"." 8c ;
,
1:85
24 24
2224
2224
2224
General Foods Corp
'
:
*
44
Jan
Feb
134
Feb
Jan;
Feb.
Apr
104
Apr
604
334
34
38 C
S5 dividend..
Apr
A
St. Louis
.-79,34
Chicago Stock Exch ,i
Associate Member Chicago
New York
Jan
Apr
50
224
244
Apr
134
Mar
Int Tel & Tel
Can....*
Loew'slnc..
a254 a254
—...
Corp.:.—*
a24
a27 4
294
Jan
/.Mar
274
Jan;
100
21
Mar
254
Jan;
450
',•22 4
Apr
31
Jan"
.
I":
138
90
M
1124
804
•:" 204
11
Mar
7934
7 72
Apr
101
Jan,
119:
Apr
146
Jan!
174
"224
Mar
200
.1.50
Jan
.
Plg'n Whistle
;; 135
284
Jan
Apr
Apr
—.—*
Montg Ward & Co Inc—*
N Y Central RR Co—*
■
North Amer Aviation Inc.l
al04
Co...---*
,84
North American
Co—.—z*
Paramount Pictures Inc.-l
Pennsylvania RR Co—50
Ohio Oil
23)4
23%
1.80 't L80 ■1.30
pref:.—.;.*
39
"
39
;.i 38
11
>
11
167
1324
119
Mfg Co.l
•
1
'
1324
134
324
Ityan Aeronautical C0...I
•
*-.'•'?»].
.v
30
196
a32 4
24 Feb
134 May
44
325
a604
a264
al6
Co-——-10
—*
454
U S Steel Corp—
Jan
144
Mar.
22
Mar
94
Feb
3
Jan
'17 4
Mar
534
/
Jan
84
Feb
184
May
404
Jan
Apr
244
Jan
21
Jan
Jan
5
Mar
354
Feb
624 Mar
284
Feb
644
314
Feb
Jan
164
454 May
654
Jan
Jau
31
41
614
Mar
/
•
134 May
24
Apr
21
33 4
Jan
324
190
'# 142
■
Apr
64
ioo
134
8
Mar
310
7
24
24
a324 334
a2l4 a2l4
84
320
:"
Jan
104
74 Mar
144 Mar
204 May
67
St. Louis Stock
May 9 to May
•
274
32
164
10
al6
301
454
Jan
'
''
Bros Pictures Inc.5
a44
Westlnghouse El <k Mfg.50
a604
Earner
a44
69
,
80
<
.
44
May
Jan
Jan
'45
Mar,
Mar ,'114
10
Apr
;
Feb
1424
!
I
*
..*
"10%
1934
Jan
Mar
14
KM)
164
Mar
204
Mar
13)4
Apr
174
Jan
254
Mar
Apr
294
Jan!
104
134
Jan
J84
Mar
224
Feb,
150
{^.4;
1124
1724
1324
.2724
.1034
14 %
2734
1124
185
6(H)
1,176
Corp....1.2
424
1034
i; 328
1724
.
;!934
;
4
•
4)4
1034
1034
•16
:
^quip Co pref:ill:,6
Waialua
Agricultural Co'r20
6
•
Y:-
Jan
17,
104
Apr-
Mar
Mar
316
6.
r"; 14
Vl04
134
134
Jan
100
Jan
•
12.
Mar
100
Jan
,
644 May
150
;
,
Jan'
7
May
[so
1834/ 19
14
44
134
Jan
94
'
14'
Jan
May
..12%
1034/1024
,
"ZfC
Co: 10
4
110
C 185
' 934
6H
934
Jan;
10
3,430
1.001
16
.,
Kb,
34
354
,
'111%'
Janj
Mayj
19
Feb!
164
.
'".Unlisted—
American Can Co
Amer Factors
SL693
Bell Teletype
Ltd
>'
com.;25
cap.
04%
6434
100 •17
;':17)
17 /
:':di
'tii'
110%
11034
100
Mln.:50
:
644 May,
May V-47
May;
'
.fc20
Amer Rad & 8t Sanitary t
Amer Tel A Tel Co....
324
324
A Santa Fe..lOO
3524
65
-
Apr
Apr
Apr
23 4
7
550
'
3524
34
.
833
:
a2324 a24%
a23%
1044
20
v
64
Jan
72
Atch Top
44
1284
Jan
•
Jan
284
Janj
34
Feb:
Jan
3
<
Exchange
HO
lists f
Bendlx Aviation
a32% a33
Corp..!;.5
of Prices
High
Sale
Par
Stocks-
Low
common.;:*
common..:.*
29
7% pref...100
95
Brown Shoe
Burkart Mfg
35c
Electric Co....10
Air L pfd 10
Coca-Cola Bottling com.,1
Emerson Electric com..:.4
Chicago & Sou
Falstaff Brewing com..
pfd
'55
95
/
6
424
95
424
,15
Apr
May
.
600
95
.',
424 May
4 '
'"10
v
J i
100
60
100
304
26
:
'
i.'-"
May
Mar
Jan
:
39c
9 •:
8
0
•
10224
May
Kenn Copper Corp
com'!.*
'•fe %
26
2624
16
32
15
35
32
„
14
;...
190
101
s
14
14
155 ".
16
:
32
32
May
32
y
Feb
,
17
M ay
20
Matson Navigation Co:;.*
MonolithPtldCem8%preflO
:'
a2634 a27>4
5c
.'••1.46
«724
;;33
1234
Nat Candy
1124
1124
103
2d pref.—100
100
Apr
1424 May
Feb
101-
Feb
Apr
190
9 24
May
Jari
17
.
10034,, Feb
3
103
Y
11
Pacific Ptld Cement com 10
com...*
St L Bank Bldg Eq com..3
St Louis PSA common-.1
St L Screw A Bolt pfd.. 100
Scullin Steel common....*
Wagner Electric com.... 15
Rlce-Stix Dry Gds
10J4
1034
1034
102
Packard Mctor Co com.
Pennsylvania RR Co...50
America..*
-Apr
.: ApC
524
524
T' 1% :
6 24
"97"
97
:
724
Yl*"
21
79
a.
;
624
; 20
524 May
.,154 May
434 Feb
,
Jari
'; 624
2
<
?i May
624 May
.
1
97
May
754
i50
7
Mar
924
May
Jari
2124
140
21', May
2424
Mar
97
■
97
.
y
'I
'*100
Y
50
/"
■«234
!4;
;.:
:1634
3
3
;
■
3324
00 ,,'244
6C
.
7oc ;
70c
Jan;
Jan!
6
Apr,
Jan,
2.60
;vi04*May
'
Apr
Mar
04
Jan
2
Jan,
20 v
134" "Jan;
84'
Feb,
3.00
May;
,/
Feb
15
250
.
435
1.50
:
24
3L
Mar
304
Apr
„;16,
•
40 L 44 /Jan
120
264 May
100
Jftii!
:
•„
64 May
204
Jan,
Apr
4c
1.
05c
Jan
5
Jan,
5,4
324
Apr;
Jail;
1.05
Feb
,
664- Jan
•"
Mar
Apr
„
Apr
.414
* v
Mar
85c
414 -464
..
3
Feb,
154
,i
2,500
24
Feb
,
Jail;
Jan
24
Apr
May
Apr
1.200
.
.
L15
r.
May
54
„
;■. 195
.
v
14
:
50
.
xf 100
0C
.
Jan,
.24 >: Mar
Apr ^-274
.1.15
85c
•
Jan
*
364
1.46 May
;
Y'
a4524 a4734
0c
Westates Petroleum com.l
Preferred1
May
,145
2634
85c ■{.
U B Petroleum Co.::,...!
United States Steel com..*
Jam
24 May:
L
'54 May
30
3324
2634
; 20 ;
'
20
0424: ;a4.)4 :•"
:
Feb"
26
.17 ■;
3'
Jan
>
*1274 May
300
,
8%
33,24
Jan
13%:
''
b
524
17
24
,10
•
2
/i4
Apr,
..
200
1.15
a'2 34
a234
Btudebaker Corp coin..!;.l
United Aircraft Corp cap 5
195
554
2
Ms»
20,24
"""524"
Jan
Jan
,f'
.100
3
:
.15
2024
r
Republic Steel Corp com.*
Riverside Cement Cz Al.*
So Calif Edison Ltd com 25
Standard Brands Inc. — ".-*
Stand Oil Co of N J—.25
12
Jan
; l
40c
114
5
Mar
\ .64
04 May ;
8%
244 Apr
294
485 1.22%
28
Apr
4 ■.»
1,900 •r 3.00 Mar
a734
m
:
«
60
; 10% /1024 :.L 150
I 300
824
......
>■'334' Apr'
so £
225
1.56
.
2
*
•—
k
624
Cent RR cap.*
North American Aviation 1
No American Co com::; 10
Ol aa Sugar Co.;:..
20
•>'
Metals pfd ..100
Common..-.----.
*
Nat Bear
/
20
;
524
Mountain City Copper: j.
Radio Corp. of
101
25 24 .2734
Montgomery Ward A CO.*
Feb
Apr
'"'/ 417 ; 114
v
2724
.
com..*
Laclede Steel com....-.20
McQuay-Norris common.*
Midwest Pip & Sup com..*
International Shoe
Mar
May
■
New York
Apr
MaC
.84
24
.
3(H)
/::*
Curtiss-Wright Corp.1
Domlnguez 011 Co.......*
Jan
44
'
240
2a. ,'.2?4
41234 1234
v.
Jan
X '}
,i »•
t
.
2%
Jan
f
524
"
May
5i,
Jan
16.24
Apr
6)4
L
;/
,
»
35
Feb,
May
17
Mar
724 May
,<
Jan
■
-,,33 24
10 v May
*.
20 L
1.1
•
,
«434
; a434
634 /• 634
2534
'.25)4
General Electric Co.:,:.* r'23% f-,2334- 2424
Idaho Mary Mines Corp'.l ,',2.10 .;..2.oo ;2.10
234
Intl Tel A Tel Co com.: .;*
;v *224
Consolidated Oil Corp.
High
7
'/
324-Apr
126
60
*
15/
110
•:
y
May
'
2824
v
150
1224
10
:
113
4 ;
8:.
324
724
724
Hussmann-Ligonier com.*
Huttig S & D
100
2924
4
Sulllvan.224
Cities Service Co com__:10
Cons Edison Co of N Y::*
Loto G
Shares
^104;: 154
common..;. 1
Range Singe Jan. 1 v.
for ,
Week
6
6
American Inv
Bruce (E L)
Price
/
Ja» •: 374 "Mar;
it* May
32
" May
30c
Feb
110
i
"
Week's Range
3
"
•
9
Blair A Co Inc capital... 1
Bunker Hill A
Sales
Friday
"294
106
'
"Aviation Cbrp of Del... 1:3
15, both inclusive, compiled from official sales
Common..——
•
13
104
;
'\'A.
334.
l\ 334
com.|.; 15
Anglo Nat Corp A com.:.*
:fv'i
Century
20
24
•'
Feb
Jan
13 4: Jan
Feb
Mar
Carbon
Corp———*
United Aircraft Corp. .*.5
U S Rubber
206
:
'
284
94
May
8
30
24
Mar
404
Apr
Mar
104
85
64
(The)..—.25
Union Carbide &
7
200
14
25
254
420
46
""2%
50
a74
134
—
Feb
37 4
314
.10
.
264 Feb?
1.80 May,
'
Anaconda Copper
; Jan
3»4
30
0,6 %
al3% a 134
a20 4
204
46
Standard Oil Co (N J) —25
Texas Corn
7:-,
L ;
a6 4
24
134
Socony-Vacuum Oil Co. 15
Swift & Co
\'24
84
46
America.—*
Republic Steel Corp.....*
Sears Roebuck & Co.....*
Southern Ry Co.
——*
Standard Brands Inc...:*
84
274
24
244
24
"
0394 a394
a274 a274
7
74
a 104
11
a74
——*
Pure Oil Co—
Radio Corp of
.......
,
Apr
Jan
■'! 284 May
96
284
leb
r
'
Roos Bros com..;..::.l'.l
:"Vlctor
CEntral 7600
■
25
Jan,
974
134
ar
'
.144
J°
,
24
Corp:.*
Kennecott Copper
-Jan.
Mar
22
9434
135
Universal Consul Oil...110
Curb Exchange Associate
Last
Int'l Nickel Co of
24)4
20
25)4
United Air Lines Corp. .T..5
Postal Long Distance
Mercantile Exchange
Feb,
2.15 5Apr
Apr
'
'
Union Sugar coin,...25
Jan
24 4
.20
190
v;
:.15%
416
■
"
Standard Oil Co ol Calif..*
t'V- '
Phone
//4;/>,;:
Chicago Board of Trade
Stock Exchange
May!
8c
4 4
78
"1134
Western Pipe A Steel
New York Stock Exchange
/
75
.
x-
•'•,'3•:;/: -3;/
Members
Jan
Mar
9424
1134
.._..*
Jari
8024
Feb
34
ft
Mar
Jan
7-;
20
15
•:
224
84
554
15
24 4
a284 a284 :
al64 al0%
*
Goodrich (BF) Co
Apr
132
a23 4
General Electric Co—
3
13
yfUrLy-
Jan,
" Jari;
25
Pac Tel A Tel com:;;;)00
/
LOUIS
705 Olive St., ST.
Mar
5o
6)4
3,193
2634
2424
Jan
'/
Apr Y 7
-34 May
1.35
Feb
.
1,728
26
19
May
64
•
•10
2,944
"1
Patlfiu Pub Serv 1st pref.:'*
Transamcrlca
/
V. 16
280
2.00
24%
R E A R Co Ltd pref... 100
Mar
19 24 V Feb
St. Louis Listed and- Unlisted Securities
1922
Feb.;
Feb,
90c
•
1
334
1724" 17 34
•
34
94
1.000
8c
334
'
'54 ' Jan;
Jail'
1.90
/
Jan
I'Jc
120
:
Y8J4-U83*
324
V2.00
Signal Oil A Gas Cocl A1..*
Jan
184
100
:
54
iYOJf/Apr
24
v
Jan
3.
224
7"
116
comL'i»
Pacific Light Corp
Shell Union Oil
Mar
284
30
al04 al04
84
84
a524
65
a21%
"l294*
234 May
144 May
50
100
3
a334 a334
a2%
ai%
a6%
a6%
Caterpillar Tractor Co...*
Continental Motors Corp. 1
Class
:
Apr
103
320
'
I Mar
1.10 May
369
.
;t: 534 ' 534
6% 1st preferred,... 125
524% 1st oref.25
5% preferred....-..*.26
6% preferred. ::.::; 100
Paraffine Go's com....:.*
3124
May
1454 May
6334 " Apr
t 219
"
1.10
324
.
25
Puc G A E Co com,
300
4
••
: 1.10
324
.
Petroieum.;'".!
Mar
3 '
Jan
33
125
v.
66J4 26854
Established
563
;
25
Jan*
600
35c
90c
Jan
Jan
Jan
"
20
al54 al54
Co..—25
Corp (Del)..—.3
Atlantic Refining
2.50 May
424
r
Feb
824
.-••624
Jail
'44s4; ■)
-Mar
4
i f'.
Edward D. Jones & Co.
a364 304
all04 H3
Jan
Feb'
,134 Feb),
is
May!
114 May'
74 ■; Feb,
v
Mar
84
4
124
Jari
May
•
121
4 24
24
13
85
63
45
624
4
Westlnghouse El & Mfg.50
;>,/./
Co....*
9
35c
/' 4; ;
'
Amer Smelt & Ref
May
18/
/,:
125
;
Apr'
84
Apr
.
Jan
Apr!
20
"Jan
"188
8
64
!
Apr
11
Jan
Mar!
364
Mar
/
8)4
104
•
235
g"
1124
-
m
6
5
Mar'
2.50
10S
Jan
31%
".y 189
1134
;>>>
Union Oil Co of Calif:..25
Unlisted Stocks—
'•
1,120
1124
'
Magnln A Co (I) corn.:t.»
Southern Pacific Co
al4
,
■
Apr
; 3.4' Apr
152 ir264
Apr
1124
InC-V.';:*
com
,,
'83
175
Menasco Mfg Co com..1.1
Feb
.
34 May
3c
'-W.Y
Jan!
; 34' Jan
23 4
Apr,
300
*
80 Cal Gas Co pref ser A.25
•
Feb
234
26.
:■
OliverUtd Filters cl B. :i
Jan
Jan
Mar
Apr
10
824
Jan
.'j
Mining Stocks-
Jan
2.10
1.172
Poundvlew Pulp Co com.6
,
>■15)4
.3324
*
National Auto Fibres com 1
Occidental
2234
Mar
Mar
59
33 >4
O'Connor Moffatt cl AA:.*
100
>"
13 - 1354
85'.'. .86
Supply—10
Jan
Union Oil of California..26
14
Jan
220
Nor|h Amer Oil Cpns:.U0
Week
124
824
pref 10O
..*
Feb
4
Vultee Aircraft inc
34 "Jan
1 65
200
Natomas Co.:.:..:...:. *
Range Since Jan. 1
Shares
'554
10
Harbison Walker Refrccom*
44
1,811
•
_
Libby McNeill A Libby..7
Lyons-Magnus cl B.
Riieem
Jan
Mar
114- Jan'
2.50
524% pref....r..;._l()o
r-:
for-
1724
5%
124
,
*
Devonian Oil Co: ......10
Columbia Gas & Elec
224
Apr
I
Junr
Janj
88 -V
33-24
Hawaiian Pine Co' Ltd...*
'
1724
Feb
Jan
44
,
2.50
Jan!
■
Mar
87;.,
Hancock Oil Go Of C&l A;*
Sales
Pittsburgh Brewing:....*
Pittsburgh Plate Glass..25
Pitts Screw & Bolt Corp: .*
Shamrock Oil & Gas
1
4'},
Transamerica Corp
28
.234
Mar
V
23
2.50
No Amer Invest com..". 100
134
Apr
2.00
Apr
Apr
:
10
86 24
: i .::.'*
Hale Bros Stores
;
Jan
Mar
414
284
27
10 4
•'*'
Jan!
100
2.75
v
2124
Greyhound Corp com....*
compiled from official sales lists :
May 9 to May 15, both Inclusive,
Mountain Fuel
204
23
80c
Jan.
Jan
76^
87 v
Golden State Co Ltd....
Jan
Pittsburgh Stock Exchange
Koppers Gs & Coke
Lone Star Gas
Apr
244
2.75
Mfg'Cp-.t:.*
Preferred-
1924 .-.Apr
10524
Feb'
41?^
18J^ May
' 7934
-1:: i1. ::: 10D
-
Gladding McBean A Co.
ifL
'...4.
'74
1.10
194-
'/Ape
L24
733
:
1034
78)4
com.'-.: 10
General Paint Corp com.
12'4 .'Apr
16
-
3.00
2.85
Jan'
V
Mar
30
400
•1034
Fireman's puud Ins Co.^26
Gen Motors Corp com;|lu
Jan
Jan
Jan
,
1024
70
Preferred-
Doernbecrier
Jan
'1624
554
Mar
92
V
7u May.
1224 Apr
354 May
-
16%
460
Magnavox Co Ltd.1
Feb
Apr
v
i
1.85
'
Dl Gfo'rgio prult
Jau
4
ht Mar
4 187
1834
-
Jan
6%
:
610
85c
•
21
Tf-
Hunt Brothers
Amer Tel & Tel w i 3s_1950
54
15'/
60
6% preferred B.—^.25
54% prefclC—-25
Feb
33
460
High
Jan
h',1 90c Mar
276
1824
Crown Zell'bach Corp com5
1524, Mar,
3634 :.'Jan
•'5554-; Jan
-
110
24
Jan
1054
85c
/
;'; '-preferred
Jan
H, Feb
Apr
V. 238
:
•
i
Common.-.. i: I
Jan
116
Mar
'
16
310
■4 970
Creameries of Amer Inc—
/Jai
May
334
1124
.
6 >4
110
1724
33;
Edison.26
Oommonwjalth
/Jan
•
324
2424
176
754
10
634
1.10
Clorox Chemtml Co.-./lO
Feb
24
Apr
34 May
352
34
7c
5c May
400
;,
164
.2
6
Jan
1134
5,059
-v
24
Feb
; 34
10
34
Standard Oil Co of Calif-*
27)4
.
Feb
132
v
4
16
Jan
20
Original pref/..:.....25
So Calif Edison Co Ltd-25
Southern Pacific Co.....*
1924
11034
14%
98
Duquesne Brewing...... 6
Signal Pet Co of Calif... .1
24 May
130
230
1454
;llegbeny Ludlum Steel.
Safeway Stores Inc...—*
security Co.
Shell Union Oil Corp—15
2
23
%
3%
9524
3%
Jan
64 Apr
64 M»-
125
8
34
Apr
36
10
:
8
Ryan Aeronautical Co—.1
Jan
.
4
Westmoreland inc.-.>--10
Westmoreland Coal... . .20
'
Apr
334
115
:
16%
'•••/••»>.
Cent Eureka Mln Co com 1
Jan
Apr
11624 /Feb
May
"
»u
——
Bonds—''
105
•
"
United Gas Impt com..::
Preferred
Jau
30
30 24
25
Preferred
Mar
'
Apr
2924
300
; ;
'
..1
Tonopah Mining
•2 1824
".3234
3534
2824
2154
1224
44%
OIL......-..:-....*
Sun
;-125i May
:'vY#o
■:Y25
113 24
r
12%
Friday
36
1
Low
1.50
1,425
1654
3224
:
Calif Packing Corp
1.70
Jan
2,679
;
30 J4
-50
Paper.......:....*
Reading RR—.
24
145
7% 1824
:
12%
Feb
.
1,560
133
113
PhilaElecCo 44%
54
com.;:*
com.:*
Caterpillar Tractor com..*
•
Calaveras Gem Co
May
498
»
3;
2ir,
133
Mfg..50
Pfd 100
Penna Salt
v; 5734
10
424
20%
20%
Jan
742
2134
21%
414
2%
44
c...:.l
Pennsylvania RR_.
50
44 24
113
105
1224
Jan
Mar
Republic Pet 54% pref.50
Range Since Jan. 1
for
Shares
High
<■
.1.60
1.65
Atlas Imp Diesel Engine:-5
533
34%
105
Pennroad Corp v t
171
2954
33%
com..*
333
13 24 .,,4.155
250
/124
i
Electric Storage Butt.. 100
10134 Apr 13424 3 Jan
2% May »X 334
Jau
6 24
Apr V 724
Feb
9 24
683
5724
Tie
7i«
Feb.
263
1124
104
109)4; 113J4
214
224
654
6%
Stores......j
Feb
33%
224
Pacific Pub Serv 1st pref..*
Sates
Week
of Prices
Low
Price
Aircraft Accessories50c
Jan
275
34
f
Apr
34
Co.*.. 10
Lighting Corp com *
Pacific Indemnity
Pacific
13
174
Mar
1.15 May
479
a264 a264
—25
6% 1st pref
18c
2,022
^
Pac Finance Corp com..
Jan
35c
19c
2,200
60
174 ,: 6
1.15
Jan
24
174 May
'
Lincoln Petroleum Co.-10c
Par
Stocks-
High
Low
Shares
.
Preferred ...._.—ii:
Hancock Oil Co cl A com.*
Sale
High
Low
Shares
2.40
1,65
Inc 60c
Aircraft Accessories
High
Low
Price
Par
Stocks-
Week's Range
Sale
Week
Prices
oj
Range Since. Jan. 1
Last
Range Since Jan. 1
tor
Week's Range
Last
Friday] ;'!|/ •
'
Last ilFceFs Range
Sales
Friday
Sales
Fridai
Exchange
May 9 to May 15, both Inclusive, compiled from official sales lists
4
from official sales lists
May 9 to May 15, both inclusive, compiled
both inclusive, compiled from official sales lists
May 9 to May 15,
San Francisco Stock
Philadelphia Stock Exchange § 1
Angeles Stock Exchange
8c
Apr
80c
Jan,
'.J;/
CANADIAN MARKETS —Listed and Unlisted
Last
Montreal Stock Exchange
Sale
Stocks
{.Continued)
Par
Price
Last
Range Since Jan. 1
Week's Range
for
/ of Prices
High
Week
Low
Sales
Friday
Sales
Friday
High
Low
Shares
1
Stocks
(Continued)
Pa
Sale
Pride
Week's Range ■\for\Week
: of PricesLow
High
■
Range Since Jan. 1
Low
Shares
High
'
May 9 to May 16, both inclusive,
compiled from official sales lists
Last
Sale
Par
Stocks—
Price
Aigoma Steel
Preferred........
—
Associated Breweries.
—
.*
Bell Telephone Co—.100
Brazilian TL&P...
*
15
15
144
145
84
For footnotes see page 1911
184
14
......
110
84
5
84
174
Bathurst Pow & Paper A.*
25
23
84
100
74
-145
84
Low
Shares
302
"
23
84
82
174
-
May
Jan
75
26
94
Feb
84
Mar
19
*
595
High
14
Apr
174
13 4
Jan
14 4
103
142 4
Apr
2,920
64
Jan
1504
84
-
184
18.4
5
Preferred--.--100
CorpT.*
Can North Power
Apr
„
Jan
Jau
Jan
May
5% preferred..
--50
*
...25
Canadian Celanese—
*
Cndn Car & Foundry
Preferred./
7%.—....100
Canadian Cottons..:.: 100
Preferred
4 4
100
44
:
54
25
"24
4
102*"
54
244 24 4
1224 1224
102
102
Jan
Jan
/■:
54' May
May
13 4
12
Jan
Cndn Foreign Investment *
Canadian Ind Alcohol.
.
.
.*
,'".
46
"34
:
Mar
Mar
5
Jan
Canadian Pacific Ry___:25
Apr
102
Jan
Con
Mining & Smelting..5
38.
Jan
Crown Cork & Seal Co...*
21;
30
4
5
Apr
34 -
34
Locomotive.-;.*
t
•' 54
38
'."
21
,
"
824
141
54
254
44
214
Mar
Mar
74
294
Mar
Apr
225
1; 165
106
10
70
214
120
102
54
Jan
Distillers Seagrams—..:.*
Dominion Bridge...
254
May
Dominion Coal pref—...25
Jan
Jan
50
3
Mar
60
...
g
54
38
Mar
-8
May
Feb
2,198
4:
.746
30
21,
1."
54
Mar'
18
34 May:
34 Jan
8
May
64 May
374 * Feb
39
Jan*
21
May
264
Jan;
264
1254
Jan
Dom Steel & Coal B....25
1024
Mar
Dom Tar & Chemical.'...*
\
"84
160
204
Mar
264
23 4
45
224
Mar
24
.12
,12:
480
12
Mar
115
•
"12*"
Dominion Glass—.....100
Mar
Mar
Mar
■
Jan
3
950
May
'•
.
,
15
20
,
34
; 8
5
4
Canadian
"16
3%
Class Bj./...--*
96
60
264
254
4 4
114
.
Jan
115
74
264
"54
214
184 May
130
8
44
7
......
1,055
1,445
100
44
Canada Steamshi p .....,-*
May
Jan
134
74
8
44
Jan
54
13
54
134
100
—........
Canada Cement.^.
184
•
-.-5
Bulolo..
Week
of Prices
High
84
_
A sbestos Corp»
Building Products A—
Range Since Jan. 1
for
Week's Range
Low
23
Alberta pac Grain pref—1
Bruck
Sales
Friday
A.i.*
811k Mills-....'—-*
Brit Col Power Corp
32
115
25
112
-Mar
214
23 4
22
84
84
4,500
,64
Jail
.34
34
135
34
Feb
115
!
Janj
Mar,
154
Jan
>
Apr
94
Jan'
44
Jan,
Volume 155 V Number 4073
THE COMMERCIAL & FINANCIAL CHRONICLE
1911
CANADIAN MARKETS—Listed and Unlisted
v.
Sales
Friday
Friday
Last
Week's Range
for
Sale
of Prices
Low
High
Week
Range Since Jan.
1
Sales
Last
Week's Range
Sale
of Prices
■
,...
Stocks—
■....
Price
j-;,;par
Dominion Textile—.,.—*
Preferred.—,—
Di yden
Paper.
—
'■•(74
74
75
150
150
150
...100
f', High
,73
Apr
82
Jan
5
150
May
150
May
■*<■50
6
'3%
Apr
3
Jan
3
Foundation Co of Can:.zt*
5% preferred:;:.
ft
-
14)'"
3
t
-14
v
14
v,
' ;•*
13
Feb
16
_
Price
Low
j_.
_
"Jan
'
General Steel Wares.
Preferred...... i—
•-
i,
Hollinger Gold Mima....5
99%
Hudson Bay Mining.
24%
..*
:V8%.
Imperial Oil Ltd
..*
Imperial Tobacco of Can.5
—
•
8%
Preferred.:......... .25
—
Inter Pete Co Ltd——
12%
92
2%
Apr
Mar
'
07
8%
•
70c
28
'
21%
30%' 31%
11% 12%
'
i "30 %
* ; 1,2
676
600
;
International Power.....*
•
2%
2%
29
•
11%
50
7.15
Home Oil.
*
2.36
2.35
2.45
; 4%c
6c
.
1.18
Jan
Homestead
1
4%c
4c
Jan
Howey.
1
16 %e
2.68
Jan
Hudson Bay..,.........*
24%
70c May
2%c Mar
Apr
2 53
3,525
2.30
2.70
Apr
Feb
!
Toronto Stock Exchange
...
Last
Jan
%
Kirk land
Sale
Stocks-—
Par
Sales
r
Week's Range
of Prices
Price
Low
Range Since Jan, 1
Low
17
6"
_
•
Massey-H arris ,-j ;
McColl FrontenacOil—.:* !'£
:
'
••
,',45
•17%
5%-
Jan
y
168
2%
Apr
V"
2%
Apr
•
0
3
3
-
\r>2 %-:■
Mont L H & irower Cons.*
Montreal Loan & Mtge.,25
20 H
14
i'V'.'
14
,
20
33
Jan
6 % -preferred.—" ——100 .Jiv'wL i
AJax O & G.i■.-iS.'$<I
AP Grain
Jan
A iderm ac
2314;
IF
16
•
-
..1
CO 1C 0
Anglo Hucorlan..
24'
t
29
43%
43
43%
24
110
318
'24 '•».
•
30
.
625
30
24
National Steel Car Corp.*
Apr
Apr
.
-
26
l.C'm
—
)
._■
Fiour
Mllis.
IS//
*
/
Ottawa L H & Power:. 100
Preferred.
20%. 20%
10-
*>
v
100
Penmans
preferred.—.100
'•
7%
11 *
Quebec Power......{..:.*
Rollaud Paper..
*
105
I
."1.1.5
Jan
-14
—
:12 %
175
0
10
32
55-8-May
■
■
106-
.
Steel Co of Can pref—..25
9
9
,
- May
May
14
9
68%
68%
Jan
17e
1,300
15c
Mar
29 %c
Jan
3.45
8,855
May
Apr
3.30
649
47%
42c'
45c
45c
20%
21
19
19%
2.1-4,
2.13
1.10
1.10.
42c
41c
United Steel Corp..
150
"15%
Blltmore.:"...
60%
Mar
<4
15
15
;
Winnipeg Electric A......*
80c V'
Preferred—;:i00
ZelLers pref —'i,: :0 -i—.22 5
;;
6%
;
4
15
*
wusiis Ltd——*
Blue
Jan
80c
6%
24%
6%
24%
I
r4
231
May
231
18
May
May
7%c
8c
14%
65c
365c
65c
15
';
•
-m
Jan
Commerce J
Montreal.:
•
6%
—
.
5%c
7
100
...
181
272
272
Man
•
Royal———————.—100
147
147,
'
152
/;• Feb
181
Apr
188
Jan
Jan
273 A
146
Apr
153 %
Jan
rl'vv
s
Mining Corp
M oneta.
4 He
Moore Corp...
A
6-H
Apr
Par
Stocks—
of Prices
|
Price
Low
6%
Feb
Negus...'.
Jan
6X0
7 00
3,315
6.60
May
9.30
Jan
20%
7%
29
20 H
May
20%
8%
Mar
Low
High
4
v-V 7% cum preferred... 100
•
--'4-
i
!:•»
:
380
214
.
Mar
18
18%
8%
;
75c
75c
May
Mar
lftO1.- 4.80
A
Bcauhamols Pow Corp..*.*
Brit Amer Oil Co Ltd
*
Brit Col Packers Ltd
2%
*
25
L4ft
730
9%
1
9%
*'
1.18
236
13%
13
i6
.
\
98%
99
17%,.
35%
-------
Canada Malting Co-Ltd..*
_
...*
_
Canada Cement.»
Preferred.. .i :i..100
9ft
i
;
■
18
Apr
98%
•' 445
hv.
75
120%
7
102
May
17
Mar 1
Feb
May
Jan
Feb
20%
-
37 v
31
78%
!785
1.25
28% !
28%
v
A-
Apr $ 85
1.15
2ft
Jau
Feb
Apr
1.45
Jan
3t
G'( Jan
:1^2;;Mar
161
A
-
Cndn Industries Ltd B_—*
144% 144%
r
Candn Int Inv Trust Ltd.*
Canadian M arconi Co... -1
Canadian Vlckcrs Ltd
:
*
20c
<■■
■
-
g
20c
50c
500
3
50c
1.80
1.8.,
20c
1
200
:
•
2% 1"
2%
L
Tilso
Consul Paper C'orp Ltd...*
\
18
Dominion Woollens
1
pref_20
30c
May
*-.r-4ftc
75
7
Apr
1.80
May
.
Jan
60c
Apr
'•2%
"1,816
Dounacona Paper Co A..<
3
3%
,
59
115
Mar
Jan
...
Jan
Fanny Farmer..
2
Fraser Cos Ltd
•
"
I 1*
.
1
t
.7 k
Ma®
A 2%
.
.
..——.25
,
,
17
680
10%
10%
10%
:
-
14%
125
10
Mar
17r;
.Apr A 12.
A10(: Mar A 13%
660
>
May
-Jan
Feb.
^
"
/#•:"
International Paints
'
»'
'•
v
A
V"L
.
•'
5% cum preferred .1.
Lake St Jouic P <Sr P--
.20
•
14-^14'; 'ii;^
-
'
svi-j-ir J>«
Masscy-Harria Cq Ltdr-
6
13A>
•
1-8'
c
b
5%
,:
-
L
'
;t
L'
-
Jan A 15
vA Apr
10 v-Jan.-.
May
.
.'n.H,
10-%
:
100
75^:: 73
'■
Meioners Distilleries prefix)
:12: A-A Jkn
IV -20 r.A7ft;,-rMay jG 92
■,W
6% •■S:
.6%
Apr !;
Montreal island Pow Co *
"fill
5%.
:25c
36
,
_.
1
C G Wines.
100* * 100'
'
.
A
pkrt 2d;prcf- :50
PrOvlncfafTtaiisport-—
-
....
—
Cochenour Will,
;A Feb
100
f. 'A25
^33^^;.33-if. -AA20
-7b
p.,
,-hv.
^
73
May
<"!- 33
Thrift Stores—.
.'' v ...
6%%cum 1st pref.—.25
Union
i4,;;
14;
.
United Securities Ltd. .100
Walkerville Brewery
.:.*
30
>
!,
'
1.10
—
52 %c
iZ
./. 'Feb
33.%: Mar
ft - ;; Jan
77
Apr
■
YY ';f/
103%
t ■
j
k»^
111 A
"
i.,o
.
,
7%
.
2
•
'> 14
.
■
••:<; Apr
1.05
2l/0
Feb
May
Peh
;
A
Feb
Central Cadillac Gold..—"1
Eldorado GOlit Mines
;
+ •
,| t
1
May.
May
"2%
"Jan
1.1ft - Apr
50%,
.40%. ,Mar
,:.; 42%
*'
•*-'
Kerr-Addlsou
Lake Shore Mines Ltd
3c
3c
87c
"A 500
4ftP
15ft
.j*,
•
.zC.
PelbttecTj—i- Z:
1-
Denisoir..:. i
1
''
•
2c May
'
•
87c
9.25
1.40 i.
32c
May
Feb
ico
3.45
1.35
"1.35
3.00
Dominion Bank....'.—100
36%
36%
O'Brien Gold Mines.-..I
,5O0
50c
150
55c
55c
800
Eastern Malartic.-.1:.:.—1
Equitable
„
1.2ft
36%
500
'
?
!T>"
1.28
l.JO
1:0
Pickle-Crow Gold- Mines.. 1
1.57
1.67
200
20c
20c
1,000
20c
Feb:
Preston East Dome..
Pros Air..
v-:--
-
-
•>
2«'0
.
100
:
-
1.42
30%
6
16
22
8
May
22
4,850
50c
80c
8 He
May
20c
Jan
8c
Apr
39c
Jan
3%c
3%c
2Hc
Apr
lifeIjrjzi :*:—25
jl
Simpsons B
Preferred-.
Jan
Sis xoe Gold
May
r'ir
2% May
Apr ;
Jan
Jan
10%
Mar
10
Feb
37%
Feb
39
!
110
Jan
132
Jan
18
21%
29 H
34% May
35c
Jan
55c
Feb
17% 0
1
Jan
45c
Feb*
5%c May
Jan
25%
21'
10%
17%
175
191
/
12
...
:
6%,
Jan
Feb
15%
Jam
>
32c
*
:
22c
25
Sturgeon R
Sullivan
Jan
Gatiheau Power.————*
'5% preferred-——i
Gillies Lake t
-
'V. 5%
100
r"*"77,lr
.—1
1'L-
.
Transcon Res..
*
—
M
.
Jan
May
"Apr
Feb
Grah Bousq
Jan
Gr Lak V T
Preferred
*
2.22:
40
Feb
Goodyear... 1—„ Zl
Preferred..
75c
.—.
Guiinur.
47'%- i
50
32%
47 %
9c
1
121
.*—'.
—
45
9c
>
112
1'2'
2%.
100
9c
15-
Jan
Jan
22
1.50/
Apr
2.3ft
Feb
20c
Mar
20c
Mar
Hallnor. —1. -—1 '-.—.I
-
-1
-S
"
j:'
2.00,
Jan
15
17
3
Upper Can:.——
'
Hamhton Bridge..:.'.'.:.^
2%
.
Hamilton Cotton pref
Hrd' Carpet..^.
Hard Rock-
—
400
3
2%
30
LV----
2%
2%
150
38c
37c
38c
25
1,200
3,510
..
61 %
3
1
9c
Jan
77
May
3 %
20C
6
-
May
Jan
May
t
1.1 %c
60
Apr
■i
49%
Jan
31%
39'
i
1.25
Jan
9c May
2.50
7c May
Mar
16%
Feb
13c
i
53c
2,100
2,200
50c
Apr
1,30
1.15
Mar
120
8%
9
8%
1.80
98%
28
97
Jan.
Jan
2.34
106
Apr
Jan
'
Jan
1.10
Feb
80c May
is
48
16% May
20
20
48
May
50 .'s Feb-
59
63
May
76
.•••
.
28c May
1,100
16,700
1,93v5
18,800
1
Jan
11%
700
:
16%
65
61c
1.98*
May
1.55
Apr
2,690
Jan
Jan
-
13%c Mar
Jan
Jan
Apr
10%.
Apr
30
60
Feb
50c
5-
Apr
F:,,
7%
Ape
:
36
Mar
Jan
Mar
Apr
4%
68c
75c
Apr
1.24-
3.25r
3.50
266
3.00
Apr
3.70
Jan
lie
8%c
12c
28,700
5%c
Jan
11c
Feh
4.2ft
4.35
1,125
4.00
io%
10%;
6%.
:
1.97
2.30
5,975
1.81
Apr
2.90
Jan
3%c
3%c
1,000
2%c
Apr
5c
Feb
;
Winnipeg Electric pref. 100
Wrlght-Hargrcaves.—., Ymir Yankee.
2%
—
6%
6%
2.15
.
Bonds—•
\
'--i—
War Loan 2d..._—
59c
60
6
Mar
9%,
60
Jam
4.80
Jan,
11%
Jan
*8
Apr
May
Feb
99%
2%
Toronto Stock
3%
99% May
Exchange-Curb Section
Sales
Friday
Week's Range
Last
Stocks—
Par
Canada Vinegars
of Prices
Low
High
j
Price
,
Canadian Marconi..
•
*
Consolidated Paper...
1.80
v.
27
60c
200
50c
5
1.75
1.85
519
5
65
65
1
vi
17c
2c
—
:——-
17c
20%
-rV^V;n"
..
Montreal Power
:
Low
Shares
50c
50c
Corrugated Box pref— 100 'A—i— ,-rVr-;
Oslsko Lake
Range Since Jan. 1
for
j Week
45c
1
...5
Dalhousie
5%,
5%.
-5%
.
Coast Copper.... :.
3%
—
PendOrlelle..
Jan
Mar
36
Apr
Mar
May ft to May 15, both inclusive, compiled from official sales lists
*
<;
28
99
52,000'
21%
2'%c
1,000
1.20
1.28
1,100
High
7%
Jan
Apr
60c
May
1.75 May
50c
May
May
..5% May
.
.
45c
50c
50
3.35
Mar :
09
-
Ja.h
Apr
1.150
15c
Apr
24c
190
19%
Mar
23%
2c May
1.15 May
6c
Jan
1.75
Jan
Jan
Jan
Jan
3.00
•
1.90 May
32c
8%c May
4%
!
r Sale
6
■2%
7,500
£08
72c
1:
-
Jan
Jan.
Feb
3%
Mai
55c
Jan
.
1.20
-1
a Odd lot sales.
6 Ex-stock dividend.
0 Admitted to onprivileges^
d Deferred delivery,
e Formerly the National Bond,
f A liquidating dividend' of $18 a share was* paid1, on the com¬
No par value,
listed trading
■
.30
l%c
-i Jan
1.96
Apr
3.50 f
——.
Vermllata.
Feb
A 42 % c
275
..
70%
Mar
lc
3%
May
17
r
275
2.00
Apr
1.30
33
Jan
Feb
May .'. 55e May
1.62
Jan
1.18 May
1.31
Jan
1.00 Mar
55C
67
3,000
May
3%
i.
■;
1,550
40
7,5CO
lc
7%
33 %
Waite-Amulet—.
3.60
5,500
--
3%
63%
Apr
5V500
4
Jan
1
Westons
A" 5
11,400
1,500
1.50
-
8c
11. ;l.—*
'
]
7 %c ;
9c
)
6,000
33
48 %
1.50
-.'-VA
,>]
.
9%c
5%c
5c
7,c
[L
"32%
l
—
■
•
.*
Jan
?
3c
9c
Jlv. 9 c
Gold Eagle.
—: 1
Goidaic.—1
60
;
3c
50c May
Jan
Jan
Apr
Mar
7%
*
Jam
Jan
Jan
Mar
3
3%c
United Fuel A ———.—50
Jan
7c
5c
;
57
I,;':'; 3c
7%
Jan*
Jan
34c
*
1-.55
28e 28 %c
*
Feb
Jan
Mar
49c
125
48
1
Ventures
40c
100
May
89%
125
■
63
*
Union Gas
6,000
16%
100
—.....
May
30c May
17c
Apr
lc
Apr
Jan
2%c
14,000
80c,! 80e
Preferred-. —,.......50
Toronto Gen Tr
Apr
1.70
1.70
1
Ucbl Gold.
7
2
Apr
1
Jan
51c
•
Tip Top Tailors pref—.100
......
6
98%
1
_.
Jan
Jan
1.20
1
_~
Toburn
97c
8
Apr
lc
•
—.
Teck-Hughes
Jan
6.00
6%
65
4,675
1-.7C0
69
J an
Jan
14
Apr
65c
;
100
50c
Jan
4.10 May
4,794
3%
1
8%c 10%c
Jan
239
77
72
•
Mar
4
1.40
:
lc
53c
Sy.lvanlte
Tamblyn..........
May
Feb
49%c
May ,29%
3,000
6
12%
61
-
68
1
9%
7%
23
800
16%
20e
17o
4c
,
3%
60
"f.43
Jau
3
3oo
10
.16%
?»
Feb
1%C
50c
3%
_*
10c
•;
1%0
25
May
Apr
2.30
6,850
10
'
Z I——*
Preferred
7%
6% Mar
19£
15%
2% r'T ■ 50
951
17
2.05
6c
375
21 %C 24 %c
61
Steep Rock
Straw Lake
1.00
1.00 May
2% a, May
55
Feb
1
3%e
....*
19
i
l%c
Stand Pav. —.......,.__*
Stand Radio.
_*
24'
Jan
22c
138% May
May
5,000
33c
31c
*
—
United Steel.
;
*70
25
16%
:
1
1
laden-M alartic—.
31c
Jan
Feb
1%
65
1
Jan
19%
15%
May
138% May
167
1
65
..100
Toronto Elevator
1,500
3,300
,15%
A-2%
B'-.
Francoeur —r .-j
r
-v.
7
Jan
58c
Feb
..—...
155
May
Apr
16%
*12
1.35
7
Apr
—
3%c May
1,000
1,800
*
10 %c 11 %c
ll%c
147
20
1%
1.53
7
24
/ "2 ".75"" 2.83
"i|%
1%
1.50
Preferred
1.72
Jau
41c
138% 138%
.1
1
70
35
135
...1
Senator Rouyn
10
Mar
.2-4%.
17%
12
1,858
16%
:
150
17%
12
135
■V, 145
12c
25
1 42 !
147
148%
;
7%
9%
Jan
15c
4.40
May
5
Mar
7%
92c
1,586
1.64
4.10
1.50
48
t-
Feb
3.20
'
8,?00
»
7%
70c May
17%
I
Jan
4%
4.10
6%
ioo
'
Jan
57c
Apr
1
500
A
4%
Apr
3
*
200
"
Apr
39e
Sigma..
25
•
Jan
2%
Feb
.
Jan
May
155
70c
•
Jan
96%
500
100
St Anthony......
San Antonio
Feb
Jan
2.20
75c
13%
6%
2.3ft
Mar
67c
A 9'
1.35
42c
12%
Jan
Apr
Apr
Feb
Mar
May
1.35 May
May
68c
Apr
17c : Jan
12 c
1.38
96%
13%
7
May
1.00
.
Shawlnlgan.
*
Sherrltt-Gordon—_—1
63c
169
r
5-
•
3
3,200
,
Jan
nan
2%; 2%
a
v:
5,265
2,350
3,900
1,945
May
Mar
40
14c
26%
60c
55
7%
.
May
25 %
46c Apr
440
39c
Apr
5
2,300
2,000
.....100
Jan
5H
;
H-4 O O
23
4
15c
Preferred
Jan
Jan
£0
,
*1.77
10
'
:
Jan
May
13c
Royal Bank
Royallte
3,300
6,900
I
2%
.
853
3
25
M ar
5H
9
1.100
,
63c
c m
-•
52 c May
2,000
Jan
21H
24
1.30
'A 1.30
5,9nO
5
150
Russell Ind
9%
Jan
55c
3
5
120
Jan
Jan
Jan
103%
ar
: :*
Feb;
6
.
8
'
-1
3.85
May
Jan
Feb
■
-
5c
,11%
Mar
1.00
28
M
.Hi
Quebec Mining
Reno Gold
South End Pete.—
00
92
65
Jan
3%
1
Apr
Feb
Slave Lake
7%
•:
"
:,1
„
60
154
f
Jan
t^;-2%c-2%.o
■■t'l 2.'J'J.
43c
r
,••;•'."* 50c .Apr i *.
'*
1.25
Perron Gold'Mines Ltd.. 1
Quebec Gold Mining Corp 1
1
Jan
8%
1.00
Faleonbrldgel t.. ?
Gypsum
Porcupine Mines *
Pend OrtellcMines & M.l
1
Pr Metals
1.30 May
48 H
140
*
...
Premier...
1.30
8%.
100
50c May
3.00
3
1
Corp
Jan
May
Apr
2C May
1,84
24%
Jan.
Jan
lOoMar
15%c May
1.25
195
26,500
1.70
Powell Rou_:
10 %c
40c
17%"
453
Jan
62c
52c
preferred. —...100
Apr
45c
r' 24
6%-c
Jan
Feb
100
"5
Bol
1
53> Apr
'12
K
>24/
Dominion Stee 1 cl B... 25
:••• 8%
12c 15 %c 431,600
£Oo
,50c
198
100
*
...
— .
2H May
18%
'/12
Dominion Coal pref
.25
Dominion Foundry. .t.:'.*
Dom Scot Inv-prcF. iV.'_50
5%c
150
5%c 28,200
G 60
21'%, i
11% U%
1,342
175
1'76
vG; 34
175
1,000
7,000
4%c
■11%
9c
Mar
90c
Apr
3%
21%
-
87C
:
Mar
6.90' May
j '
1,160
Mclntyre Porcupine M ..5
Pacmour
:..
.1
175
10%
40c
23c
41c
May
'
'
500
1.50
Jan
5c
90c
38c
48 c.
25c
4%c
Jan
52
f.Oc
2%c
Jan
23c
May
Apr
Apr
3%
7%
29 N
12 %c 13 %c A 4,000
flj't A
4c
61 %c
Apr
26
May
Apr
5,515
3,880
3%
Jan
P Rico
4%
50c
*
.
500
30
'
V- 'v
Dist seagr——'i_„—*
Dome M lues.—i .V—
500
72c
41c
38
45c
4c
67e
14% e
..: i :.... *
Pandora Cad.. 1
3,650
18
j>
——_ .
325
3.4,5.
9.20
I
Malartic GoldfleldS. —.1
.
5c
30
.
.100
43
3
11.2
110.
i
urn
*
God's Lake.
'vilooo
87c
3«C
3c
1
1,072
7%
'
Central Patricia Gold Mil
Jan
1.50
88c
69c
37%
110%
—
Fanny Farmer....
:.'.l
Fleet Aircraft.'t
e-
•(.
1.04
43 %
853 May
41c Mar
41c
5,200
o
69c
,
EngElec A..'
'
Mines— 'r.
'240
3
A
5H.
10
9c
10%
Jan
'
42
89e
8%c
54c
Jan
126
200
75c
1.; 5%
*
Easy, wash .'j'Ji-'l
103
;loa A Ja
25
14...
-:ri% 17% A':.:, 55
;*;;2 .'; 2% AA'in
Walker-G &. Worts (H)-*
Jan
89 0
—
Steel Can.
1
...
Apr,
'
4%
,--
t;>•>.
.
Gas........j;.:.-
50c
25
48c
120
10
1
2% A.-
9c
Consolidated Smelting. ..6
Consumers Gas.
—101.
( Feb
Apr'
;I.Majt
73
100% 102
33> May
CO
52c
153
9%
70c
--1-
;
102 1
£00
96%
4,130
58c
2% '
r.-v'75c
1
Ford ci a .:.—»
6% culn preferred—.100
6,700
33c
6%
30
5%
84c
.>:» -v.:.;
.....
——.——...
1.0ft
/.
Southern Canada Power
A
25%,
10c
1
96%
G; 80
8%,
2% '■■■:;
t
Chein Res.. 1
Eldorado.
100- *
Pagc-Hersey Tubes Ltd1.
Power Colp of Can —
Mi**.*,:-*'
6% 'cumul'. 1st pref—. 100
'■
8% A
5c
i.—*
.:!Jan
1.40
'
~'88c
178
Apr
1.37
241
25
■
Apr
4%
4%
1.40
£0
25%
57c
Jan
7
190
161
Pioneer................. 1
45
1.10
..
45
Mar
30
8%
Apr
5%
737
1M0
•
May
39 %
158
33c
com
Silver woods:.
;
20c
291
1.10
87
Mar
3,200
ICO
,
J4n
28c
24c
1.40
75
jApr
1.40
95c May
100
Jan
Jan
3
Mar
40%
1.01
160
7%
•
1.01
2
13 %c
301
5%
!.
260
14c
193
.
6%o
2,700
2%
1.58
22*5
25
7%c
1.01
8%
5%
25
•
.1 "l'.io
—
{>6%
Feb
Feb
Apr
10c
Pickle-Crow.. *:,...,.._1
17%
5%
Central Pat
:..:.:::'..l
Central Porcupine—...1
Davies Petroleum:.
2%c
Paymaster.
Perron:
383
5
5%
25%
Dominion, Woollens..1 Xjl* r
if Preferred.2t)
DuyueSne..: J..
1
.
,
.. „
'
Uki-
McCoil-Fcontenac Oil—/
6% cum pref...
: Juu
1.04. Jan
Apr
Feb
\ 35
28%
:.9%.
J.
—
Apr
me
25%
9%c
4c
.
Jan
50o
2,000
Feb
8%
•
Car i boo*..: r__—iz:
Crow's.Nest Coal—
v
.
'
zim
6
45%
10,540
37%
,102
Jan
59c
'4H
17%
Cdn Wallpaper A..
b.
>*..7% May
1
16%
;•
Jan
1 %e
9c
Page Hersey
Parmour...
'
;A;8%
■
!.} 4
Mar
'
16%
Jan
Jan
12%
95
Apr
May
May
33c
Pacai ta Oils
May
Jan
9%c
60c
Orange Crush
Preferred.
Jan
10%
31H
65
120
5
17%
L. *
.
Canadian Pacific Ry.__.25
_
,-387
36
80
15
110
20
Cosmos—....
;7% A; A.10
6%
Apr A 10 4 .Feb
'•
*1.50 Mar
2: • •;2;
100
2.25 'Apr
15 '
20 :
1ft
Jain
May
115% 15%
2H.. 3
; 3%
Jan
,A::;75 )."■ 2% Mar
10%
,
—
(k\
Feb
U 25-:,: Jam
Apr
v
'
20
Apr
-
•
*
»:.
'Voting trust."
'
18
22
SO
:'2% At: 325
.
'""2%
..*
Ford Motgr of Can Ltd A_*
J-.;
:i
r. :
•/>..
7% r.7%
—-:*
Fleet Aircraft Ud,
Jan
'
Ji
Cocksbutt Plow-.
75
3£
■:
V 28
28%
:—:LT
Coniaurum
37
4c
Omega
Ontario Nickel—
Feb
8% May
22
;
n
59
A
Cub Aircraft—.—.—,,.—*
^
„
,:"25
141% 142
------
.
Cliestervllle
685
Jan
Apr
25e
H~.
May
••
19%
1.30
1.30
1
:,100
-A*;
-V --1%. cum preferred-1-100
Fairchild Aircraft Ltd.—.6
l
G7%
50
825.
24
Ltd—
Eastern Dairies
•
%
I 2%
.
';;
: 18;
•
22
Dom.Oileloth & Linoleum *
7H
7%
19%
C01.S Bass...
Domiuion Eng Works Ltd *
May
Apr
2 %
3,443
JAn
1
'""67c
2.80
Mar
;V
Jan
105
3%
22c
43%
61c
9 le
1FJ4
26 % :
26
1.30
A.
—
Feb
40
89c
Pan tepee
75
7
1
26%
•
Canadian Locom 0 J Ve.>—* ■; "8-
•
Jan
4%
3%
161i
O'Brien Gold.
Pow
Preferred—k-—
!%i. B:
2.75
J An
1.68
4%
—
7
100
120% 122 %
Wlre-B_c:.—^
_.: 1
29
1
4
400
4%
75
Jan
-V 75c
4,275
!>:
,
17%;;. Jan
15 .. Jan
.
.:
31%
>-25
", 82%
1.25
"28%
Preferred
8%
4%
..60
Castle Treth.
7% cum preferred_.:100
Canadian Breweries Ltd.:*
:
Canadian- Celanese..: i: .* A 25
9%
Canada Northern Power—
,
1.18
13%
4%
4%
99 v A 99%
36
26
rV
Jan
758 May
1,500
7%
4%
Malting.:—*
Canadian Can.
2.22
Mar
3% May
7c
Okalta Oils
11,900
1.10
7%
Jan
2%
-
Jan
Mar
13%,
25
35%
82.
40c
4%
13%
Burlington Steel...
18
k 22
t'1,517
38c
Jen-
A pr
-
.
13%
Calgary Pw 6% cum preflOO
JC&U.& Loin Sugar Co..—*
*
*-
•
.15
15
u15
.18
Mar
'/is.:./
4
4%
Canadlatt Car
': Preferred:
-•
Batburst Pow & Paper B.*
205
'
Jan
13
1,108
■
75c i'f
15
1
6%
3
May :V 7Jan
13
" Feb
13% May
96% Mar 109 1 : Jan
Mar
1.50
336
2.85
51%c
'/"4%
Normetal
'
'
..* n. 15.
—
Preferred
4%
10
"
■'
•••
50c
) 800
-4%
13%
13%
99% 102 a
"166"
Aluminium Ltd..:...—'1'
50e
%
1.15
127
Nordon 011.—...
2,239
14%
20%
8%
15
910
:
CndnBunkof CommercelOO
Shares
12,045
4
1.01
Noranda.
—
.
1.43
2.00
3%
30o
12
22 %c
N1 pissing
—...
Preferred....:
1.0ft
55c
20
Naybob...—
9c
32% c
—
Broulan.-..
2.02
.1
Preferred: J
Fe
Jan
32%
Mar
4,085
•S 2 %
_*
—
-
'■) High
£ 0c
"**4%
preferred-.-100
cum
27H May
May
■
Jan
iJan
23 %
1 %e
100
—
Nat Groo common,—
6c
Canada Steamship Lines—*
Range Since-Jan. \
ro
Jan
Mar
9c
Canadian Breweries..
Abltibi Pow & Paper Co--* \s,'f'
28
10c
;%7%
1,090
"7
Week
25
Jan
26%
4,800
12,150
37
57c
40
6,700
Canadian Bakeries
for >'■
«•".
7
May
1.35
Apr
Apr
Apr
Apr
45c
"*7c
1
Jan
3
Apr
1,20
78
*
Apr
151
10c
Buffalo Ankerite..
Build Prod.
-
Week's Range
May
110
7%c
Canada North Power
Canada Packers
..!:.*
Can Per Mort.100
Sales
Sale
6%
6H May
Feb
2.20
75
*
Apr
Mar
Brit Dom Oil—„_
Canada
Last
10
6%
Merc Mills new..
Feb
75c
May 0 to May 15, both inclusive, compiled from official sales lists
Friday
Jan
102
7
British Columbia Pow A..*
Canada
:>
Montreal Curb Market
94c
Jan
Feb
52c
Jan
1
18%,
11%,
.......
142
•
Apr
94
,147
Feb
7c
British American Oil.
270
77
V,
Apr
Jan
14%
10c
Brant Cord preferred.. .25
Brazi 1 Traction :
*
Feb
25
141 -; May
56c
10ft
27%
4
Brown OIL
151 V
182: 'Vt
500
9%c
t
10e
Jan
C-
182
——100
Nova Scotia.'——.
; 15U '
1
Jan
: io
------
Jan
»
•
5% Mar
,;24%- Feb
:25
V'
272'r
-——100
-
-i
Mar
13H
fa!': 7G
B ralorne-.
'
f-S-
6Ho
280
•
8c
10%
May
92c
36
12
"36"
,
143% 145
V
138
5%c 5%e
3,300
'109
144
-
Banks—
,2,100
3
Mcintyre : ■Jl-iACi'yi -..5
McKenzie-Red Lake. ....1
McLell8n...
-..1
McWatters
.*
1
Bonetiil—.
•150
12'
48
110
2%
McColl preferred.... -100
Apr
:v
Preferred new..... ...20
231
33%
-
1.32
new..
——,.iil
Bobjo
Jan
Feb
4
Apr
May
16% Jan
80c Apr A .1.15; Feb
ftio
)>." 33
85c
'
Feb
.
..*
1
*
Feb
;Jan
1.30
Maple Leaf Milling..,.:.*
188
Itbbon preferred. .50
Jan
•
68%
Feb
MalartlcG F
Jan
274
ft
210
;;
/-
147
10
Jan
1.47
Mar
,
9%
Feb
68%
1501
;
2.65
4.15
Feb
c
20
46
Jan
Jan
May
Mar
3
3,897
Feb
62o
May
38%
100
1.02
4.35
1.75
J
Apr
47
1,050
3
;
92c
1
May
6%
3
1
181
4c
155
20%
19%
acassa.1
269
500
8
45c
*
........
31
4%c
%C
7%
*
Madsen R Lk
47%
4
Jan
12
3.1ft May
47
...1
..—3
90c May
56
99
Mar
403
2
'
Jan
3.30
6.75
10
.
Jan
Jan
7%
Feb
.100
Massey-Harrls
9%
12%,
13%
2.93
McL-Cockshutt.
Jan
36%
3,820
Jan
Jan
204
Mar
1,967
4,255
—
Jan
8%
11%,
10
.
43e
j.82
1ft
55
100
9.45
231
<
4.515
5%
7.00
Class B
M
8%
3.15
270
13%
preferred..:-....100
.
Tuckett Tobacco pref.. 100
55c
44
10
Jan
55
8.90
182
Jan
43
Feb
20
1.75
10%C Jan
%c May
;
188
Apr
28%
Apr
7% Mar
187
May
7% Mar
9%
Apr
5
Apr
89
May
29%
Apr
50
f
20c
Apr
3.25
LoblawGroccl A—....
Jan
30
Mar
21%
46
570
2,375
Levy Bros.. 1
Little Long Lac—
.*
Jan
14c
2,30ft
■
1
Preferred.........
-7%«
*
'
Southern Canada Power. .*
5,706
Jan
27
Apr
Apr
,./;8c
He May
34x May
1,525
1.06
.17
BellTelepbone———. 100
Bldgood K.
———1
Mar
2
11
'12%
1st
Jan
Jan;
3.0
325
.
1,110
231
.
Beatty
Jan
8
^
Apr
2.15
Mar
12c
Apr
*
....... .—
.
270
ro
Bathnrst Pnwer A
*
Beattie Gold.:i1
May
13
,
Jan
F.I 5
200
-
-13-
122 %
May
£00
1,7£0
21 Vs
75c
7
May
-.
Ml
May
-
105-
sis
11%
•
All
370
1,000
26c
91c
■A-:::
.100
Barkers preferred-, il l —50
Base Metals..
„.*
-Apr
80
r'
;v
-12%
-
/VJan
May
Apr
2.10
-
100
Bank Toronto
22% May;
>10-
122% May
7 % 'Apr
7(2
1.15
?ft
"
4
79-
:
"t
'^''GdO
10,5
G- 1.1ft
A preferred—;
50
St Lawrence Paper preflOO
Shawiulgaij W & Power. ;*
125
'f
:: 11 'jf-MiY:
•06
Haguenay Power prof: :10ft
St Lawrence Corp
Apr
.
'-—--3
...
Feb
10
100
122% 122%
7%
7%
"
Price Bros & Co Ltd.—::*
20
,
•
x
•
™
5%
80
'*
:
vV..
40
-v»50
>
1:
10
5%
•:
.5%
• ••
34c
1X0
Bank of Montreal...—.100
Bank of N S
Ontario Steel Products..:-*
Apr
Mar
9c
Jan
52
<11% -Mar
A'.unor + :
Jan
34
50c
4%
;
;
8%c. 8%e
%c
%e
f
A ngl o- € i nad la t)
Jan
200
325
500
Bo
23
;f'.V 134
23
-.—.. .
A mm Gold..
May
-
6
90
6%c
17o
Leltch.i,..—.1
COc
4%.
.
preferred:.1.100
23
J ■ 11
1 ^ ■ii 8 % c
'
National Breweries. .-—.*
Noranda Mines Ltd.—:.*
Ogilvlc
60c
Jan
-Jan
Apr
?
i
ii-.*
3%-
6
May
12
•
Abltibi
Jan
-
4%
Mar
.
14
3
.14
H*
,-
Montreal Tramways.:. 100
'l6%Mar
50
245
2%
20% .21.. :4 1,781
,
'
«
i
3,:
„
'•■'*
17 '
16%
Feb
91
"
Lake of the Woods......*
Lindsay G W
2%c
Apr
31%
12%
42 He
.
Laura Record...
High
Feb
12
Lake...—...1
Lapa Cad
Shares
Jan
2.70
91
'3.4O
Land B & L
Week
High
10.50
Mar
30%
1
Lamaquc G.........
for
Mar
12
Mines——....!
Kerr-Addison.
6.70
2.31.
30%
.100
Lake Shore:
Friday
Jan
2
Jason
;
May.ft to,May 15, both Inclusive^ compiled from official' sales lists
Jan
!'13%
10
International Nickel.....*
International Petroleum. .*
^
3,680
5,395
21,300
,
7%
8%
9%
5%
8H
Imperial Tobacco ord—..5
Apr
£0
187
.100
High
12
9%
25
£0
7%
Low
25
24%
100
:
12
16e 16 %e
Erie:........ 100
20% paid
Imperial Bauk..
Preferred
i
Shares
7.75
Jan
12
Imperial Oil...—
Jan
36
Mar
7.60
+
Int Met A...,
Jan
2% .' Jan
6
60c
Mar
1.90
High
Hlnde & Dauch
Huron &
2.35
Jan-
22 %
Apr
65
Week
Hollinger..
—
Range Since Jan. 1
for
•of Prices
Low
Jan
I
12%
Jan
A-12-vJan
Feb
20
20
1,000
2 10
50c
500
3c
1.95
Home Oil-Co
Jan
'
9
■*'
70c
3c
Week's Range
Price
Feb*
5.00
Jan
100
■l
2,900
Par
40c
4.15 May
29c May
Jan;
10%
Mar
'
Jan
■
-
-
-Apr
'"
22
52c
Stocks (Continued)
High
©llar-4/ •• .?.H
Jan
3%
,;
836
51c
Sales
Last
Saie
Low
103
33c
1
'£ ;»<;%
WoodrCadillac Mines. ...1
6'%-/ iJan<
"?■
V Apr
980 V 6 .75
.
21%
.*
—
■ 75
I
;
•
Int Nickel of Canada.
5
4.15
Jan1
6
.■
1,873 A 7% Mar
9% Mar
v9% ''•»% •: 3,711
10.
.41/IP VV ..filftL .,L.:,7f' *110:..;:, Ape
•
.*
Apr
Apr
86
25
99% i:
24% %'V:175
.
Feb
•
*10
:
7.60
7.10
7.60
Howard Smith Paper pf 100
International Bronze..
75
3;x'■■■; 3;-': :V
Gypsum Lime & Alabas..*
—
:
:4"- 87
87
5
63 '
',92
; 5%
l'OO
153
>72
72
*
—
—
;
6 '
5%
*
.100
—
Range Since Jan. 1
Shares
29c
U pper Ganada: :• k j.
Friday
for
High
v:
4.15
Slscoe Gold .j;
1
Sullivan* Cons Mlnes....M
Jan
•; 10
>,'75
,*
_
Par
Wrlght-Hargrcaves Mines*
j.—
Gatlneau
3
3"
(Continued)
Sigma: Mines
Jan-
'
English Electric B„
Mines
267
■r.
4
w_
Low
Shares
Week
<
& Investment Co.
mon
stock-of the Nabco
Liquidating Co.
included In range tor year,
g On Feb.
x
Northern Illinois Corporation.
■
r
Ex-dividend-
Canadian market,
y
Ex-rights.
s Cash sale—not
1 Listed,
26,1942, the Northern Illinois Finance Corp changed Its
'V,>Wir^v
t In default.
name ta ths
'
FINANCIAL CHRONICLE
THE COMMERCIAL &
1912
Monday, May 18, 1942
J
OVER-THE-COUNTER SECURITIES
Quotations for Friday, May 15
Investing Companies
Bid
Par
.
Ask
US El Lt& Pr Shares A...
Par
5.30
5.76
1.91
Investors..5
11.79
1.51
10c
Assoc Stand Oil Shares...2
Aviation Capital Inc
1
Axe-Houghton Fund Inc.l
9.78
3%
14.351
13.20
9.28
♦5%
.
.
2%
3%
preferred...-..--5
10
3x
4k
:
7.58
11*59
—
11.58
20.39
Series S-2............
8.88
6.64
1690
Loomls Sayles Mut Fund
65.37
66.70
Loomis Sayles Sec Fund. 10
1790
135
140
26.66
26
27.20
Inc common..10c
6.79
7.47
2.95
3.55
1
Fund
1.62
1.55
14.19
6.74
5
2%
3.60
49
52
40
40%
Bank of Manhattan Co. 10
12%
8%
9%
Bank of Yorktown..66 2-3
42
National City
44%
46%
National Fire
Bensonhurst National.. .50
90
National Safety......12%
National Liberty
6%
66
70
472
492
..5
15%
17%
.10
22%
24%
18%
24%
28%
8.48
36%
3.32
3.68
4.83
5.33
5.05
5.60
8.89
9.59
19.07
20.51
3.55
6.96
3.90
7.38
8.34
Bank stock
1.27
1.53'
Machinery..
5.73
6.31
Insurance
series—10c
stk series. 10c
2.12
2.47,
Oils.....
5.76
6.35
—.
Insurance stock
Fiscal Fund Inc—
—
—...
Metals..... i.. .......
2.55
14.25
4.53
3.93
3.20
2
No Amer Tr Shares 1953.*
1
Series 1956......
1
1
3.15
3.46
Aviation shares......
4.76
5.24
Building shares
Chemical shares
3.81
4.20
20%
23
16%
18%
Seaboard Surety
10
..5
33%
35%
Security New Haven
10
5
6%
7%
springficld Fire & Mar..25
7
8%
Standard
4.35
— .
..—4
38%
10
64%
2.50
27%
40%
67%
28%
20%
U S Fire
81
U S Guarantee
Hartford Steam Boiler. .10
42%
45%
Westchester Fire
.10
%
%
Home Fire Security
27c
3.95
2.27
71.43
Bank of New
York,....100
248
34%
Guaranty
Irving
12%
9
...35
Bronx County
258
32%
10
Bankers
Kings County
Lawyers
55
C lemical Bank & Trust. 10
32%
34%
Morgan (J P) & Co... 100
38
41
New York
General Bond...
Spencer Trask Fund
*
standard Utilities Inc.50c
10.36
11.02
9c
11c
56.57
3.85
♦State St Invest Corp...*
52.18
2.64
2.92
Super Corp of Amer AA..1
Steel shares
3.83
Tohacco shares
2.81
3.10
♦Series C
Utility shares
2.12
2.35
♦Series D_.
i 100
-
M anufacturers
Clinton..
50
Colonial
2.74
3.47
L^LL
25
8%
50
..1
1.48
Empire
I
1.38
Fulton....
.
Mar. 15.
103.8
JMar. 15. 1946
10)25
109.27
10). 24
103.26
f Sept.15, 1944
'
■
'
•
.
■
•
PUBLIC UTILITY
-
}. Abraham & Straus, Inc.—Annual Report—Sells $1,- ^
500,000 Notes Privately—Obtains $983,000 Bank Loan—
20
Cash
Increase of 12.6%.
history.
This
.
'•:v ;
!
'• i.
\
«,
-v-.".
>•'
101.2
103.21
:
quoted
Jan.
increased
sold
In
31,
•/
1942,
i
.
i ■■■[ *■■
;
there
.•
by
addition
to
this $1,500,000,
bank loan of $983,000 was negotiated
a
with interest at 2%.;
working capital and afford, a,
conservative margin in the financial position of the company,■/"
j
•'
''
' \
i
' ' • 1 ' * '•
i
.'
- f
e '
*
J To provide for future sinking fund requirements the company
acquired during the year 1,000 shares of its 4%% preferred stock at
$92.29 per share, plus accrued dividends and 367 shares of such pre¬
ferred stock at $95.72 per share, plus accrued dividends.
At the end
of the fiscal year there were 20,000 shares of such preferred stock
outstanding.''
' "7"
..
- 7' ' "
7''.7-.V."77'"
on
March
These
'■
30,
new
(
1942,
funds
additional
Comparative Income Account, Years Ended Jan. 31
i
T
Net
2%
(includ.
Cost and
sales of
expenses_._„_.
24,745,566
—
and
Maintenance
j
;
•
indebtedness
connection
in
with
•/
,
.
%%
May 27,
3%
1942
%%
July
Y.
World's
48,165
land
1942
X%
July
22, 1942
10, 1942
%%
June
•
■ • •
•
•
...
1,302
29,943
20,052
■.
•
:•
..
.
Net
profit, before Federal taxes on income...
for
Federal
taxes
income
on
...
$1,662,290
$1,402,644
725,000
330,000
profit
Preferred dividends
Common
•Excess
$1,072,644
$937,290
543,042
;
profits tax—$250,000 for 1942;
r
95,872
...
dividends
none
for 1941.
7
101.935
543,042
3,646,183
2,472,909
-^7 -;'•••
;
tl
.......
Net
106,793
859,685
" 74,588
.
I Accounts payable
j Accrued
J'7.^
v
—
'
;;
;
Net
231,361
'■*'
Interest
Total
——--r
15-year 3%
notes, 1950
Reserve for
possible additional
preferred stock (par
107,956
,
46,795
-
-
'
86,325
2,136,700 {
2,000,000
-
*L
._L_—.L--.—$14,447,173.
j
1,000,000 |
26,911
taxes—_i._.—
1,405,325
less
1,405,325 )
7,592,805
Jan. 31,
1941.
7155,155
shares
,
(no
par),—V.
34,106' 7.
423,840
: ,4
j \ ■
..
*
i
,Traffic
__4__——j——1__.l_4._.__—t——.—1—-
and car service balances
;• •<Balances
Material
Interest
due from agents
and
and
accounts
-
Deferred
assets
Unadjusted
(Dr).—,——,—4
4,335,639
.
---
.
168,402
.
3,810
80,453
20,357
23,017
and conductors—4—
,<
427,358
363,174
299,808
4,966
—:
receivable:
assets
T 2,488,873
66,427
receivable-—4—-—641,691
supplics_4_
dividends
current
1940
equipment, etc.I4_41__—— $40,213,344 $40,068,561
:
....
j
Special deposits
Other
"
1941
"
Investments In road,
$13,548,687
31, 1933, and less
and ' $2,207,031
at
$6 charged to Income.-
Assets—
-•
,
Cash
-
$790,465
^4.^4444—$1,427,062
General Balance Sheet; Dec. 31
V .l,
Miscellaneous
1942,
Jan. 31, 1941.
:
•
•
"
<
tAt cost,
less write-down of $284,046
as
of Jan. 31, 1933. and
less depreciation of $1,076,532 at Jan.
31, 1942, and $1,169,017 at
Jan. ■ 31,
at
*
equipment trust
* ,..<
write-down Of $1,259,668 as of Jan.
of r $2,446,260
$2,884,209
♦$9—$3 charged to surplus and
•
1
34,946
850,000
...j....,—
:
91,058
-
7,956,892
cost,
150,265
v
$3,512,255
L
4ncome_4„J_l——4
debt—_4_11__l——4-11—1.7
funded
•r|
Balance"' "U_—
i
10,000
Earned surplus
♦At
on
{'4
136,274
139,960
/
; tCommon stock
Total;
income
330,000 T
8,500;
-ai.
$lp0).7___-__i—-l:..;
-
..•
J
$585,294
140,539
'
—-
Cr 174,165
35,648
423,840
obligations-—i:. -; : ,79,183
86,195
7 7.:.
' j 7 ■ ' y.'V-V7-J
I —^—"—•—
r-i
Balance of Income over charges—11—i
.4,442,975.125
2,338,528
Dividends of $9 on preferred stock.
•
608,463 v,: 608,463
•Dividends on ordinary.stock—
--939,600 :y 939,600
on
..
.
,-.i
Cr82,603
.
.'....i..-
Miscellaneous
Sundry creditors
■—i
$4,301,120' $2,746,503
1,898,050 E 1.073,245
$1,697,157
1,187,052
Income——j—j.
gross
Interest
7 --7:",7:"",
725,000
—i
7—.
$8,225,000
5,478,497
^$2,331,666
——4.'—4————4. ; • 1,180,589
Deductions from total gross
;■
w
•7
•,
1940
7
-
railway operating income——-——-—-4-
Non-operating
Ll
Federal taxes on Income.....
Other taxes
___l7
»'J fM
rents-.L_;__:_|__^_l.>L424-4_—-,.7iL 154.007,
666,367
$996,993
'77
'
i
equipment_L.____i--.i4_l—-i---—i-*
of
4,197,080
'
(trade)..—U__
liabilities;',
.
—.1.1 j■;
facility
$14,447,173 $13,548,687 ?
|
!
Statement—
J-,''""" 1941
from operatlons_i.....4—"
revenue
Hire
1
^
■'
i
...——
$11,102,951
4—6,801,831
•.
.
Joint
71,988
,
267,807
,
-■
i
Taxes
4,038,615
vi-T«7i
'J
y
f 7 V;.. ''
';
Operating expenses
-7':;
L
'* v.
'
844,553
•
'.
leased
on
—.:
_„U
H%
News
Operating revenues
1
Liabilities—,.
!
depreciation
Net
$1,463,090
665,190
;
%%
Aug. 12, 1912
....
Interest
Total
5, 1942..
Aug.
...■>•
.:••• • .- •
Calendar Years—
(at nominal amount)
Goodwill
%%
%%
July 29, 1942
Alabama Great Southern RR;—Income
■V
7 >1941
i. 3,479,413
I
.
19, 1942
MISCELLANEOUS
-
*
3,796,904
—...
'
*
♦Provision
'
108,843
_j.„.
Asked
'
%%
%%
16. 1942
17. 1942
June
$1,004,489
debtors
charges
4%.%
Fair
hand___i.-____
tStore fixtures
402,925
of
(net).
0.47
•%%
%%
15. 1942
.3.
June
1020
980
18, 1942
June
INSURANCE
■
accounts and notes receivable_„>__,
i Deferred
266,066
7———
deductions
| 7
i
N.
99.9
0.59
....
Hid
June
82
•
100
v;-.:. 71942
^•Buildings and building Improvements
22,026,332
1'32,435
amortization
and
debentures
Other
L
i
'(.•
1941
365,539
repairs—
debt discount and expense..
Losses
-i
on
*
77
•:
V., Compensation
380.671
Depreciation
Interest
;
| 7 1942
99.7
99.23
Ex-dividend.
x
Investxpents and ' adyances-lLi'L^....i
$27,216,444 $24,167,486
leased departments)
%%
1945
99.21
-
99.21
■
20
16
.100
Underwriters.
Real estate not- used In operations..-
i
f
.'V--77-''. '7
,
sales
%%
t %s Nov 1 '42
Treasury Bills-
60%
58%
'
maturing in three years and
provide
103.26
09,19
Asked
159
149
10
United States....
demand deposit and on
on
•Sundry
was
$1,500,000.
These notes, dated as of Oct. 1, 1941, were
Feb. 25, 1942, at their principal amount plus acerued interest.
on
.
for discount at purchase.
are
•
Merchandise on hand and In transit
j
outstanding $850,000 3%
15-year
notes due Oct. 1, 1950.
On Feb. 25,-1942, a supplemental indenture
was
executed under which the authorized amount of 3%
notes was
of
As
..
Ctfs of indebt—
101
109.19
X%
Bid
June
INDUSTRIAL
-
7
Customers'
the largest dollar volume in company's
was
f Dec. 15,
101.5
101.3
1%m
..
53%
51%
25
*•*'Comparative Balance Sheet, Jan. 3177
Assets—
Net sales for the year ended Jan. 31, 1942, amounted to $27,216,444,
;
an
'
1945
*
General Corporation and Investment
RAILROAD
101.12
103.24
Nat.Defense Nts
May 20. 1942
168
♦ Quotations not furnished by sponsor or Issuer,
"
•
103.39
Asked
Bid
101.9
1%
%%
1%
..
.
Trade Bank 6c Trust
38%
35%
150
100
Rates
29%
28%
Corn Excnange Bk & Tr.20
Federal taxes
.
Title Guarantee & Trust. 12
Trustee Stand Invest Shs—
v
100.28
10.3.5
Sept. 15. 1944
United States Treasury Bills
•
9%
10%
Continental Bank 6c Tr.10
t Toese bonds are subject to all
No par value.
.
Preferred
1.64
2.48
.
202
.
63%
Cmtral Hanover
Railroad shares
197
8%
...10
9%
1135
100 1085
25%
22%
.....25
29
20
30%
51
5.01
6.29
RR
100
i.—
......
60%
Brooklyn.
4.50
*
103.22
Ask
Bid
20
6.87
2.80
1
3.49
..
_.
15, 1944
103.20
%%
1%%
1%
1%%
„
._
Mar. 15, 1944
4.70
Selected Income Shares.. 1
Equipment shares..
Int.
Kate
Maturity
1%%
...
15, 1943
Dec.
Par
Ask
Bid
Sovereign Investors
3.74
Companies
June
2.57
70.01
Selected Amer Shares. .2%
104%
10.94
*
Fund Inc
100.12
101%
—
Asked
Bid
~2~%
Sept. 15, 1943
32c
10.23
1
(Geo) Fund.
102%
104%
109.10
Int.
Hate
Sept. 15, 1942
Dec. 15, 1942
New York Trust
106%
103%
..........
Figures after decimal point represent one or more 32ds of a point
Maturity
JMar. 15, 1943
June 15, 1943
Quarterly Inc Shares_.10c
Republic Invest Fund...l
Scudder, Stevens 6c Clark
6.31
4.53
310
23
19%
102%
102%
..........
Quotations For U. S. Treasury Notes
200
21%
78
..........
1971...
Wisconsin Power A Light 3 %s,
3%
2%
170
330
U S Fidelity 6c Guar Co..2
3.26
3.39
5
100
...100
11%
10
100
102
106%
Public Setvite 3%s, 1971
Troasury 2s, Se,,t. 15 1949-1951 w 1..
34
Asked
.
98% 102%
46%
10%
6.22
4.11
32
.10
.10
22%
44%
Sun Life Assurance
2.95
Merchandise shares....
Central Illinois
40%
Travelers..
5.65
Mining shares
Petroleum shares
38%
10%
Hartford Fire
20%
99%
Schenley Distillers 4s, 1952
Southern Natural Gas Pipe Line 3%s. 1956
23%
Hanover
25
Sterllng^at Bank
Pennsylvania Electric 3%s, 1972...
229
221
10
Stuyvcsant
66%
560
American Tobacco 3s 1962
5
4
9%
Par
4.79
5.73
Accident
v
21%
Food shares...
Electrical Equipment...
Fire
5
4.24
Automobile shares...
.10
.1.73
Plymouth Fund Inc... 10c
Agricultural shares...
19%
62%
100
Quotations For Recent Bond Issues
21%
38%
25%
Bid
18%
1.34
Putnam
3.84
12%
29%
5%
10
10
Rhode Island
2%
St Paul Fire & Marine.62 %
1.70
Series 1958
3.82
Group Securities-
11%
1.43
24.22
3.54
__5
Preferred Accident
'
Republic (Texas)
36%
49
24%
76
37 %
Series 1955
22.52
Corp....*
Trust.l
35%
73
5.00
Steel
2.95
-
General Investors
33%
Revere (Paul)
9%
22%
Halifax
4.53
,
No Amer Bond Trust ctfs.
Fundamental Trust
90
10
10
118
Great Amer Indemnity. ..2
3.11
4.10
86
4%
20%
8%
44
75
70%
112
25
27%
Great American
5.78
2.82
Rallroad equipment
3.00
13.00
5.24
Railroad
6.37
A...10
Fbundatlon Trust Shs A.l
Fundamental Invest Inc.2
Fixed Trust Shares
.12.50
National.25
Reinsurance Corp (N Y).2
21%
14
50
17%
4%
Providence-Washington .10
Glens Falls Fire
5.64
Electrical equipment
20%
4%
89
..5
11%
ii'.v
145
18%
45
Globe & Rutgers Fire.. .15
2d preferred...
i .15
6.72
5.12
Building supplies...
Chemical
5.03
1015
135
43
Globe 6c Republic
4.31
6.10
14%
12.97:
530
985
Merchants
86
Georgia Home
3.92
4.51
100
First National of NY.. 100
Gibraltar Fire 6c Marine .10
6.16
13%
Fifth Avenue
11%
Fireman's Fd of San Fr.25
6.16
12.05
39%
10%
Pacific Indemnity Co
Firemen's of Newark.. ..5
7.66
5.59
...........
31X
Phoenix
7
23%
10
10
Exchange
Public National
.10
Fire Assn of Phlla
General Reinsurance Corp 5
Bank stock
17%
26
..5
Pacific Fire
108% 113%
Fidelity 6c Dep of Md.. .20
Franklin Fire
Automobile........
9.01
5
pref. 1
*
16%
24
2.50
Northwestern
50
21%
12%
Peoples National
143
135
Commercial National.. 100
Perm
23%
22%
5
Northern
1
%
13.55
Chase National
135
10
Northeastern
5%
34%
5.59
2
45
....50
6%
5%
130
.10
New York Fire
.10
-ii
2
New Hampshire Fire
17%
4%
20
North River
-5
.
50%
New Amsterdam Gas
Excess
Agriculture.....
18%
48%
New Brunswick
Federal.
Aviation
14.67
10
National Bronx
14
Ask
Bid
"vPar
Asifc
Bid
Par
43%
5%
19%
National Union Fire
22%
IX
...10
100
6.44
15.58
1
1
1
5
com
National Casualty
31%
5.83
Fund..._.l
New York Bank Stocks
Merch & Mfrs Fire NY..4
41%
New England
129
Merch Fire Assur
Preferred stock series.
93c
127
Mass Bonding <fe Ins.. 12%
26%
4.20
Panama Canal 3s.... 1961
Maryland Casualty..
Low priced bond series..
:84c
110%
3s...1946
1
7%
5%
V
109
110
U S Co lverslo
9%
38%
;
L?
108%
U S Conversion 3s... 1947
101.3
100.31
12%
29%
101.4
Issues
Other
16. 1943
5%
.10
100.2
1%% notes Feb. 1,1944 101.1
101.6
11%
38%
8%
100.11
Housing Authority—
U 8
.10
Employers Re-Insurance 10
Bond series.
0.75
3%
2%
Continental Casualty-- ..5
2%
Eagle Fire
Fund.5
B
Lincoln Fire
93c
2 50
Equitable Investment
Corp (Mass)
General Capital
15%
4.41
2.20
New York Stocks Inc—
Shares A...
7%
13%
83c
14.62
Eaton &
Equity Corp $3 conv
6%
4.08
*
0.85
1 (>0.7
Jl%
3.'42 at 101... 100.31 101.3
30
5
City of New York
Connecticut Gen Life.. .10
(Colo) ser B shares
0.63
1, 1943 101.2
May
60
27
Knickerbocker
Income series
13.52
1
D" ■
v.--;--;-----2.50
Dividend" Shares..-—25c
Fidelity Fund Inc
First Mutual Trust
58%
Jersey Insurance of N Y.20
18%
.10
National Security Series-
3.19
.
C
Stock Fund
Ins Co of North Amer__10
55
(Md) voting shares..25c
.«
Diversified Trustee Shares
Howard—
Balanced Fund---
24%
National Investors Corp.l
26
13 %
16%
Boston
Nation-WIde Securities—
111
10
52
Camden Fire
20
24
shares—10
♦7% preferred
100
Cumulative Trust Shares.*
Delaware Fund—
1
♦Common B
0.73
100.6
1,1942 100.4
15. 1942 100.5
July 15. 1943 100.9
Apr, 15. 1944 100
25%
15%
10
Baltimore American... 2%
Bankers & Shippers... .25
6.85
Crum & Forster Insurance
0.53
Oct.
American Reserve..... .10
.25
American Surety
7.25
Mutual Invest Fund Inc 10
0.63
1. 1942
1, 1942
1. 1943
_
July
American Re-Insurance .10
15.26
Mass Investors 2d Fund.l
1.87
U 8%
23%
.25
Carolina
Mass Investors Trust
1.87
18
.10
Automobile..
1.55
Sept.
Dec.
Feb.
Corp—
1%.
f%%
f 1 %%
100.2
American of Newark... 2%
!
Bond
Manhattan
Ask
23%
Homestead Fire
47%
American Home
3.17
2.92
24
45%
109.7
Bank?
l%s Jan. 3, 1944—
Bid
American Equitable— ..5
Am Fidel <fc Cas Co com ..5
2.57
•
.10
American Alliance
7.33
2.31
7.98
A sled
Bid
Jr.:i '•
,
Federal Natl Mtge Assn—
Par
Agricultural
9.78
Series S-3...
Series S-4.
21.92
7.37
♦
Federal Home I.oan
28.......Aor."
.—5
Home
115
111
Aetna Life
12.06
Maryland Fund Inc...10c
2.30
Trust...*
---1
Christiana Securities. .100
Preferred......
100
Commonwealth Invest-.-l
Consol Investment Trust.l
Corporate Trust Shares.. 1
Series AA-...
--1
Accumulative series—1
Series A A mod..
1
mod.—--1
Crum & Foreter com.. 10
*8% preferred.:
100
9%
Companies
Aetna
12.69
10.94
2.9o|
Fund Ltd.-l
Chemical Fund
Series ACC
40c
8
Call July
8.15
Series K-l.
10.59]
Century Shares
Canadian Inv
25c
10
Ask
Bid
Par
Aetna Cos 6c Surety... .10
16.25
Series B-4_—
f!• ;'
Reconstruction Finance
Call Nov. 16,'42 at 100%
23.73
14.82
7.42
Series B-3.
18.00.
9.66
.1
2s
29.32
21.60
Series B-2
2.50
...
Insurance
7.77
26.78
Series B-l—
Asked
May
1,1943 100.5
Feb. 15. 1945 100
%%
fl%%
*
t%s
t%s.
t% S
Keystone Custodian Funds
Series K-2_.—
Bullock Fund Ltd
♦First Boston Corp
1.00
16.65
Co Inc.
Broad St Invest
Corporations
♦Blair & Co
5.91
16.46
10.78
Inc..—
Boston Fund
91c
15.15
Investors Fund C-.
...—-1
Basic Industry Shares..
63c
16.59
5.40
68c
Insurance Group shares.
9.59
8.92
Investing—
♦Common.. J
50c
15.17
Series C
10.18
61c
Bank Group shares.....
Investm't Co of Amer*_10
Bankers Nat
Bid
Commodity Credit Corp—
Banking
1.73
2.42: Incorporated
X2.21
Investing
25c
12.68
Independence Trust Shs.*
10.72] Institutional Securities Ltd
Aviation Group shares..
4%
Investment
12.90
11.68
...1
Union Bond Fund ser B„._
1.16
Fund
14%
Foreign
American
1.06
32c
•
-
Trusteed Industry Shs.25c
10c
Inc common.. 10c
Wellington Fund
Class B
Income Foundation
13
Shares...1
5c
3.75
Trusteed Amer Bank Shs—
Ask
Bid
♦Huron Holding Corp.„_l
1.74
Aeronautical Securities..1
Affiliated Fund Inc...1%
♦Amerex Holding Corp.10
Amer Business
Par
Ask
Bid
3.90
1
-
Obligations Of Governmental Agencies
02c
....1
♦Series B
-
0%
B
♦Series A
"
Ask
Bid
Par
'
Trustee Stand Oil Shares—
7,119
——.4——:——
10,486
5,521
-—
72,052
88,179
308,487
219,249
—
debits——.
- •
••
155* p.
1593,
r...
,
,
,
Total
-
$46,207,685 $43,709,290
Liabilities—
<
.
.
v
.,
Ordinary
stock
Preferred
stock
Governmental
Audited
__
•'
..
-
and
construction.—
payable.....:—..
wages
accounts
Other
—
1
Government
interconnected
in
Chile,
_____
negotiated
70
586,494
and
28,056
324,123
the
14,644,360
——
to
purchase
properties
in
the
for
the
cash
tions,
company's
Santiago-Valparaiso
failed
property,
took
with
of
the
obtain
office
Apr.l
Government
the
begun
Chile
election
of
2,
November,
a
1942,
and
the
the
sale
for
The
of
the
1
Total
155,
$43,709,290
$46,207,685
—-
Statement
of Consolidated
Exclud. Chinese Subs.
Subsidiaries—
Dividend—
Allied Laboratories, Inc.—15-Cent
Operating
share on
the common stock, no par value, payable July 1 to holders of record
June 15.
On April 1, last, a distribution of 25 cents per share was
made, as compared with .15 cents each quarter previously.—V. 155,
The
have
directors
declared
dividend
a
of
15
cents
per
Net
1941
,
including taxes
Property retirement
operating
reserve
1938756-—
now
1940
5,561,000
$14,468,976
$14,959,874
(net)-
'
21,021
;
common
stock,
May 26.
June
no
similar
A
14, 1941,
value,
par
dividend
a
payable
distribution
made
cents
was
cents
50
Dec.
on
share on the
per
holders
to
12
June
was
payment of 75
a
of
last,
22,
made.—V.
while
on
Net
497.
155, p.
The
be
proceeds
applied
Balance
the
sale
payment
of
of
first
$75,000
of
$50,000
insurance
an
and
the
due
on
capital expenditures previously made by Exeter, Hampton and Strafford
companies and for other corporate purposes.
v •'
The company
(in connection with the successful reorganization of
Colonial
Utilities
has
Corp.)
has
acquired
and
Strafford-York Gas
bonds,
Exeter Gas
will cons st
been
Light
Co.
organized
Co.,
New
and
2,184,794
Portion
$12,881,784 $11,188,685
__________
Gas
122,854
to
minority
^
221,665
& For. Pow. Co., Inc.—
equity of company, as above
.,,766,802
and
shares of
York
to dealers of member
Stock
the
firms
net.
rules
Plant,
affecting
the
y
annual
1941
1941,
Offered—Spencer Trask &
of
report
reports
the
that
the
with
and
and
eacn
for
$5,346,889
charged
was
earned
of
the
of
amount
of
May
11,
consolidated
C.
E.
has
above
1940.
been unable to
If
these
balances
China
would
communi¬
earnings
had
$5,740,708
be
for
•.
v
Other
Shanghai
subsidiaries
$3,060,000 has likewise been
at
written
Jan.
1941,
1,
out of
the
in
solidated
balance
An
In
1941
sheet
at
the
year-end.
sold
company
its
last
remaining
No properties operating in
$319,785.
Over 99%
by the company.
America,
utilities in Latin
of
and
investment
the United States
the company's
amounted
revenues
1941
balance is in India.
the
in
are
to
$16,107,161,
number of
the
an
in
Latin
America
share
preferred stock and 35 cents per share on cne preferred stock
or
stock
($7)
dividend in the
the
March
on
same
beginning
of
1941
1942,
16,
amounts
has
and
payable June 15,
indebtedness
the
In the first half
$20,000,000.
of
1941
funded the balance of $15,500,000
banks
declared
similar
a
1942.
of
company
its
on
tne
and
Electric
Bond
Share
&
made
company
Sept. 16,
on
due
Co.,
ser.al
rata
pro
it made
further payment
a
of
instalment
annually
in
of $2,100,000,
$3,100,000 due Sept.
thereby paying off the
The present unpaid
1942.
16,
by the group of banks and $2,480,000 by Electric Bond & Share
The $35,000,000 subordinated note to Electric Bond & Share Co.,
terms,
is
not
$177,081
indebtedness
and
over
satisfaction
in
the
of
sinking
Company has also prepaid its obliga¬
of
above
all
to
creditor
matured
companies
annual
to
instalments,
the
debenture
companies
sinking fund
provided
requirements
for
of
requirements
somewhat
in
and the payments
advance,
with
and
to
the
the
by
its
structure,
reduce
the
system
debt,
fixed
reduce
the credit
position of the operating companies,
value of outstanding securities.
the
charges,
and other-
deposited
and
to
all
all
redeem
of
the
7%
of
the
5%
preferred
series
4Va%
and
E
previously
stock
out¬
payable
until
the
aforementioned
indebtedness
The maturities of the system between now and Sept.
of
the
and
its
subsidiaries
above
United
amount
indebtedness,
States
of
Construction
as
of
and
the
total
date
United
of
less
than
the
States
Government
in
bank
Other
securities
to
in
Calder
reports
that
since
.
.
■;
■■
of a
subsidiary in Santiago, Chile, has been operated by the Government of
Chile.
A plan
for unifying the entire transportation system of the
May,
1941,
and
$300,000 of
■
;f
■
57,090,344
55,580,662
64,589,043
147,710,744
178,907,555
695,137
521,568
1,235,771
3,716
4,683
30.607
1,948,717
1,905,045
2,458,874
3,254,831
3,620,438
1,701,083
1,722,875
1,826,316
521,516
387,761
452,330
(taxes
1,106,054
withheld, etc.)
i
1,245,281
1,254,090
3,782,487
4.122,265
4,104,688
.
306,366
284,997
285.131
57,691,687
60,291,226
2,210,792
1,330,179
1,399,840
39,724,029
___.
of Income
Co.,
37,782,702
40,842,575
707,145,954 755,256,513
tAs previously reported.
in
$10,051,113
$8,770,983
766,802
504,873
$9,275,856
1,774,043
775,977
$9,043,872
5,675,399
5,792,715
debt
discount
&
surplus
Sheet
;__
31
Assets—
and
securities
and
demand!
advances
U.
S.
the
receivable
receivable
349,558
395,142
777,403
2,060.429
2.269
,
.
(subsidiaries)
assets
charges
Liabilities—
Capital
'
I
Accounts
Accrued
Co.,
amount
1,429,197
the tramway system
funded
of
derived
debt
of
material
has
Co.
of
the
American
Co.
view
This
Power
&
725.000
30,088,044
long-range
and
1941
will
of
program
be,
continued.
Business—Operating
Active
measured
meters
heat
in
in
'\f\ V.X
income
has
~
revenues
6.11%, with a sub¬
and house-heating
while gas sold,
However, operating ex¬
all higher in price, and
increased
district
increased
by
21.35%,
increased
4.89%,
were
all companies during the year.
to their gas production, transmission
and dis¬
Gas available for distribution in the Birmingham
tribution equipment.
increased
was
by contract with the Republic Steel Corp.
additions to and replacements of plant and prop¬
Expenditures for
Retirement of prop¬
erty of system companies amounted to $1,873,928.
$1,627,723
in
the
book
value
of
property.
Account, Years Ended Dec. 31 (Company Only)
\
1941
income.
and
Net
__________.
taxes
(including income iaxes)__
interest
.
1940
$691,812/.
40,117
$853,928
53,157
(
226,591
$89,984
:
338.442
226.5.91
$235,739
335.121
——
interest
—
income
v
::
Balance
30,73~4~354
525,786,569 531,893,938
155,
1748.
p.
directors have
share
19.
regular
-
Sheet, Dec.
Assets—Investments
in
31* 1941
and
subsidiary
(Company Only)
affiliated
companies, $15,$373; cash
prepaid expense, $33; total, $15,660,934.
in bank, $14,170;
accrued interest on deben¬
certificates of indebtedness and
current and accrued liabilities,
$7,581; capital stock (par $1), $189,638; capital surplus. $1,002,592;
earned surplus, $851,509; total, $15,660,934.—V. 154, p. 1001.
the
on
declared
10
the
stock,
common
An extra of
usual
quarterly payment
of
quarterly dividend of 40 cents
payable June 15
cents per
40
share
cents
in
was
to
paid
each
of
holders
in
the
of
addition
five
record
to
of
hands
in
accrued
debt,
public,
$10,328,000:
$1,598,840;
$1,682,774;
thereon,
interest
the
preceding
Investment
American
Co.
of Illinois—Dividends—
quarters.
directors
share
holders
on
also
the
declared
4%%
record June
of
the
usual
cumulative
5.—V.
155,
quarterly dividend of
preferred stock, payable
p.
1826.
July
annual
lication
May
During
a
report for the
13.
year
calendar year
1941
May
in
increasing ■ tempo,
16,
the
share
was
to
released for pub¬
defense
on
and
•
:
prepara-
5%
on
holders
of
on
May
4
declared
a
quarterly
dividend of 20 cents
the common stock, payable June 1 to holders of record
the regular quarterly dividends of 62 V2 cents per share
cumulative convertible preferred stock and 50 cents per
the
$2
cumulative
record
Distributions
March
Vera B. Seymour, President, states, in part:
devoted,
share
per
1
'
Report—
directors
The
$ 1.18 3A
on
American Gas & Power Co.—Annual
The
no
during the last seven years.
Coal, coke and oil
Liabilities—Long-term
to
that
Jacksonville
the excessive
not affect the
increased by
properties added
tures
per
will
since
Co.,
in
corporate simplification,
use
units,
also increased.
were
Conditional
American Gas & Electric Co.—Omits Extra Dividend—
The
of
646,356; spec'al deposit with trustee under debenture issues,
Total
,
Commission
interest
in
company.
Gas
the
with
valueless
Gas
Jacksonville
from
filed
financial
no
being
1,941
-
The
of
debt reduction,
and improvement in operations, so well conceived and so far advanced
by Fred W. Seymour as President of the company, before his death, is
2,157,103
3,783
«
Special contingency reserve
Earned surplus
I
May
company
60,088
.
:
Power
&
stockholdings
Unconditional
100,093
liabilities
current
statistical
the
income, account
been
Expenses
105,000.000
:
accounts
Miscellaneous
from
Income
99,500,000
payable
difficult.
The management is of
will depend mainly upon the
properties is carried out, and is
more
on
divestment
'
393,940,452 393,940,452
__
reason¬
militated
a
its
6,665,293
'
;
___;
the
531,893,938
debt
or
has
Gas
Gross
'
stock
fair
course,
satisfactory and reasonable arrangement can be effected.:
Gas Co., one-half of whose capital stock is owned
by
an
issue of first mortgage bonds in the amount of
$3,490,000 maturing on June 1, 1942, and will not be able to refund
that issue.
A plan of simplification and redistribution of the voting
power of Jacksonville Gas Co.
has been filed with the SEC under
Section
11
(e)
of the Public Utility Holding Company Act.
It is
of
6,590,542
■
of
erty removed from service amounted to $246,205, leaving a net increase
525,786,569
___.
Total
has,
Jacksonville
80.263
37,210
,
71,601
dividends
Integration
and
conditions
war
has become
which
in
company,
All
8,865,026
10,607,978
currency____
.
of
that the effect
opinion
hopeful that
'
507,352,277 513,825,516
Foreign currencies at current rates of exchange
Funded
&
relin¬
and
existing conditions compliance with the objectives
Exchange Commission with respect to integration
simplification
wages
$
(on
cancelled
the Securities and
of
penses
1940
1941
investment
stock,
common
stantial portion of the increase due to new industrial
$2,707,164
$3,368,473
Dec.
(Company Only),
Under
properties.
being,
expense..
intervention
The
load.
carried to earned
the
immediate probability of sales at what would be deemed,
under normal conditions, fair and reasonable prices.
Nevertheless, the
management will continue its efforts looking to the sale of certain
$8,499,879
current
Co.
,
American Gas
against any
American
taxes___
and
-
r
refunding,
offer for any property which directors deemed
any
able.
obvious
applicable to interest and other deducts.
of
of
owner
Simplification
The
banks
last-mentioned
During the year there have been active negotiations or discussions
having in view the sale of certain of the operating properties, par¬
ticularly the two New England properties.
While these negotiations
have been actively conducted by the off'cers, they have not yet resulted
Gas
(Company Only)* Years Ended Dee. 31
J
1941
1940
$10,817,915
amort,
the
as
i
manner
58,106,239
______
______
Deferred
first mortgage bonds of Bangor Gas Light
the
'
subsidiaries
Interest
5%
with
9,003,886
2,891,810
Balance
Other
the
In
10,118,554
705,883,732
in
merged
7,752,194
Expenses and other charges, including
Cash
were
changed to Bangor Gas Co.
$300,000 Bangor Gas Co.
mortgage 4% bonds were sold also to an inst.tut on on Oct. 1, 1941,
9,129,131
: Total
Total
and Penobscot Valley Gas Corp.
name
quished $268,045 of notes and accrued interest, resulting from previous
advances to Bangor Gas Light Co. and Penobscot Valley Gas Corp.
for the construction of the Penobscot Valley extension and for expan¬
sion of the Bangor plant and other facilities.
—
credits
Balance
dividends.
the
Power
—________________
Interest &
unpaid
Light Co.
Bangor Gas
Gas
amount
3,398,302
_______________
Other
,
cumulative
like
4,142,349
141,532,789
______.
surplus
Bal.
in
3,398,302
393,940,452 393,940,452 393,940,452
Income—
the
$8,039,839
which are deferred at
this time because of these difficulties will probably have to be in¬
cluded in future construction
budgets as soon as materials are again
»
'
♦Excluding Chinese subsidiaries.
r»er
;■
''
'
Total
balances
but any proposed expenditures
available.
'
relating to fixed capital__
From
Birmingham
first mortgage
bonds
3,686,015
reserves
Earned
1941,
37/e%
5%
connection
Company
$15,500,000.
full,
all
7,678,105
705,883,732 707,145,954 755,256,513
liabilities
Deferred
is
in
1941.
The construction program for 1942 is estimated to approximate
$10,000,000, which compares with average annual construction ex¬
penditures of about $7,000,000 for the past 10 years.
Due to priorities
and lack of shipping space, it may not be possible to carry out the 1942
program
Co.
sold to
an
institution
bonds at a price of 105.02 and
for redemption on May 1, 1941.
residue of old $6 preferred stock was also redeemed, together with
The
$
1,
of
its
paid at their maturity on the same date.
__________—
Deferred
16, 1946, exclu¬
$300,000.
report have
expenditures by subsidiaries amounted
April
11,366,499
:
Miscellaneous
-V.
sive
Mr.
surrendered
V;:
payable
Other
equal
held
the
to
Birmingham
7,725,186
declared
Taxes
to
notes
of $3,100,000 beginning Sept. 16, 1942, and ending Sept, 16,
Subsequent to the issue of these serial notes the company on
5, 1941, made a payment of $1,000,000, and again on Feb. 18,
total
of
be
May, 1942.
6,408,838
payable
Interest
fully paid.
in
will
certificates
bonds
1941, the com¬
by issuing 3%
balance of this indebtedness amounts to $12,400,000, of which $9,920,000
-f
the
702,176,195
Accrued accounts:
h
Accounts
the
11940
.
$
($7). Tills
amounts
by its
con¬
holders
2,752,373
debt
the $6
payable to the banks and to Electric Bond & Share Co. amounted
payments of $4,500,000 on these notes, and
Co.
of
4.104,917
—______
Dividends
increased
on
$
11.3%.
with four dividends of 30 cents and 35 cents each on the
respective stocks for 1940.
Company also pa.d a dividend of 30 cents
per share on the $6 preferred stock and 35 cents per share on the. pre¬
is
4.632%
debenture
holds in its treasury $812,500 of reacquired debentures,
12,330,284
f
_'
Notes and loans
compares
1942,
additional
reorganization
6,323,184
______
Total funded
491,450,326
to
1941, each of which was in the amount of 30 cents per
first
with
10,870,495
;
(net)
Statement
5%, to 1,411,714, of which 1,332,510 were supplied with
Passengers carried by transportation services decreased
during 1941, the decrease being the result of
Government operation of the tramway in Santiago, Chile.
Generating
station output (including power purchased), amounted to 2,797,685,000
kwh., compared with 2,690,101,000 in 1940, an increase of 4%.
The company declared and paid five preferred stock dividends during
1946.
connection
approval of
were
owned
over
24.35%
Nov.
in
to
13,237,218
Capital stock (and related surplus)
of subsidiaries, held by public
.
increase of $1,638,185,
served
customers
Inc.
Europe
electric energy.
the
4.720%
'
for
available
3,235,595
Liabilities—:
-
.
pany
made
$5,850,000
*1940
f Capital stock—Am. & For. Pr. Co.,
investment is in public
Operating revenues,
excluding Shanghai, continued their upward
trend
throughout 1941 and increased $4,782,941, or 8.8%, to $59,234,838.
Operating revenue deductions increased 8%* and net operating
to
applied pursuant
$185,500
C
On
deposit
on
__u——
Reserves
corresponding to the U. S. Income tax credit
resulting from the loss of the Shanghai investment, was set aside as a
reserve for contingencies.
the
-
consolidated
of $725,000,
amount
notes
interest)
-
•.
first
charges
Total
the
account.
The operations of the Shanghai subsidiaries are,
therefore, not included in the consolidated income account for the year
1941, nor are any of their assets or liabilities included in the con¬
At
interest
improve
and
currencies
assets
Accounts
surplus
r
of fixed
excess
"
A
3.888%
were
$5,346,889
$5,331,547
657,495,393 655,893,154
5,966,551
10,093,479
demand)
Receivables
income
investment of $2,493,000 in the Shanghai situa¬
against surplus in December,
1941,
and the
off
surplus
the
year
The company's d.rect
ferred
—3.958%
series
Sheet, Dec. 31
:.
property, franchises, etc
ledger value
Short-term investments
Japanese occupied terr.tory
in
the company
since that date.
property
included
issued
company,
balance
the
the Siianghai property nas been
1941,
Balance
abroad
charges, was $5,854,625, compared with $5,China earnings have been excluded from these figures
December,
71,874,
3.600%
_________
(in
proceeds
$5,854,625
Foreign
interest
after
331,547 in 1940.
In
5,792,715
S. currency on deposit in U. S.
U.
stock
common
President,
because
for
$11,139,604
5,792.715
in banks:
Cash
American & Foreign Power Co. Inc.—Annual Report—
Calder,
-
$11,124,262
5,675,399 '
Investments—at
Deferred
1941
$11,530,024
Assets-
the
on
11 offered 12,000
(par $25) at fixed price of 63%
Dealers' discount $1.30.—V. 155, p. 1114.
shares of
tion
3.600%
u—3.000%
capital
called
(on
American Can Co.—Stock
been
4.054%
4.112%
3.000%
—
In January, 1941, Savannah Gas Co. sold $1,000,000 of 3%%
first
mortgage bonds at 102 and accrued interest and $400,000 of serial notes
bearing interest at 3 Va and 4% at 101 and accrued interest.
The
775,977
*1941.
Co., after the close of business May
cate
3.660%
3.450%
pi
strengthen
an
Exchange under
special offerings.—V. 155, p. 1670.
since
,3.600%
3.404%
extent
the
504,873
775,977
expense
Consolidated
offering May 8 of 2,839
(no par) at 25Ys per share, less
stock
common
cents commission
lor
$11,410,708
504,873
..
1,774,043
deducts.,
Balance
American Brake Shoe & Foundry Co.—Special Offer¬
In
V
f
'•
standing.
ing—Riter & Co. completed
.
6% Debentures
3.000%
3.056%
Changes—During 1941 three more changes in the capital
structures of the subsidiary companies were completed,
adding to a
long list of such changes made heretofore and designed to simplify
Int. to public & amort, of debt disc,
1825.
New
interest
5% Debentures
„i
1
under
$13,304,067 $11,900,239 $11,915,581
______
to
J
____________
which
wise
applic.
..
be paid since the reorganization
Capital
v
Bal.
or to
operating companies minimized
priority regulations, company should be in good position to fulfill
obligations during the next few years.
' 143,298
190,049
$12,537,265 $11,395,366
Other income
Walter Geist, Vice-President, has been elected President, succeeding
H. Buchanan who resigned
recently because of ill health.—V. 155,
65
>
.
With
$12,537,265 $11,395,366 $11,410,708
—
Total
14.16
paid
been:
construction
Amer.
Net
W.
v
Cr355,510
Cr396,730
in-
______
Expenses and charges, includ. taxes
?,
has
creditor
______
28.32
6%
Co.
the
$12,758,930 $11,585,415 $11,554,006
_________
applicable
11.90
6%
including the instalment due in 1942.
_
•ft tNet equity
Co.,
Allis-Chalmers Mfg. Co.—New President—
p.
$11,198,496
working
on
_______
terests
S
by Colonial Utilities Corp.—V. 155, p. 1593.
:
of
$23.80
5%
fund payment due in
stock, all owned
capital
$25)
(par
$13,383,290
2,064,539
public
;
Balance
and
Hampshire
Seabrook
to
adjustments
capital (net)
Capitalization, in addition to the $75,000
14,000 shares
of
in
Hampton
$13,253,224
2,021,387
Gas
2,397,222
open
past due account payable and note obliga¬
will be used to reimburse the company for
balance
2,035,510
$14,903,171
dividends
Balance
account to Colonial Utilities,
tions,
1,941,346
^
the
to
—_—___
loan
tions
will
bonds
mortgage
indebtedness
bank
____
—5%
500—
ditional
other
______
"Preferred
Exchange
from
public and
__—;
securities
available
^—__
The company
Privately
issue of $75,000 1st mtge. 4% bonds due
the
to
to
both
Amount of
Aug. 1, 1942, Coupon
Series
:
.
,_
500
1935
'
Allied New Hampshire Gas Co.—Bonds Sold
company, an
Jan. 1, 1957,
interest
..
1942.—
$15,780,512
$16,844,517 $15,288,734
deductions
^
—The company has placed privately with
income
Gross
of
.
♦Earnings
record
of
other
or
otherwise
;'f;>:
.
1941_
Other income
directors have declared
the
•"v.
1940*—
Operating income ___"—______$16,086,140 $14,449,641 $14,040,539
(net)
758,377
i' 839,093 : ■ 839,973
Allied Mills, Inc.—50-Cent Common Dividend—
The
bonds
new
to
upon
needs
'
1939*
19,335
19,335
on
paid
Year
$16,107,161
the
expended by the system
income of company during
1941, in
requirements, available for payment of con¬
Aug. 1, next, amounts to $103,414, and there will
Aug. 1, 1942, coupons fixed and conditional interest
follows:
in
40,868,796
5,309,522
no
earnings
called
were
supply
was
on
Total interest earned and
5,413,539
approp.
Since
purpose,
1,000
Reported
194o
34,673,399
system
to
Earnings—Net
$1,000
$54,451,897 $61,389,670
3-7,714,138
revenues—
Rent for lease of plants
1401.
p.
-V
revenues ——$59,234,838
Operating expenses,
the
$1,870,000
interest
Principal Amount
problem
As
of
fixed
be
Income, Years Ended Dec. 31
1748.
p.
of
interest
as
brought about by increased costs of labor and material.
~V.
the
of
service
gas
Over
construction.
ditional
tramway
the
for
homes.
for
Allocation
excess
matter
newlyis
company
for some other solution of
or
the
1941,
President.
new
for
issued
were
companies
facilities
new
holding company as dividends were partly utilized for additions to the
underlying properties, strengthening their position for the tasks ahead.
approval of the cabinet
his successor, but upon
with
in
authorities
increase of rates
an
to
were
operating
their
companies
district
appointed by the Chilean Government
A contract was negotiated to sell the tram¬
President
President
conferring
50,858
contract
the
the
industry and
was
Negotiations
of
suspended pending
elected
13,713,480
the
resigned.
death
was
4,464,105
property..
loss
proposed
committee
a
1913
expand
investigate and report.
way
property for some $3,000,000 and to give the Government an
option for a short period to buy the company's interest in the com¬
bined property for some $52,000,000.
The Government Minister who
(
5,026,776
50,308
—
.
._
also
electric
and
to
67
;
credits
and
12,578,000
123,396
282,761
239,050
1,815
51,209
55,523
42,210
297,718
...
__
Special approp. for additions to
Profit
the
1,368,627
liabilities
liabilities
Unadjutsed
—-
liability
current
Deferred
3,380,350
accrued
rents
tax
—
accrued
interest
Unmatured
Accrued
$7,830,000
12,323,000
256,136
453,537
iv
405,405
1,948
:
73,387
53,856
~
-
aid of
grants in
community as a public enterprise has been under consideration, and
at the suggestion of the Government the
company offered to sell its
tramway property to the Government.
In the course of negotiations
1
,
$7,830,000
3,380,350
payable
Interest matured unpaid
Dividends matured unpaid
Unmatured
:
•
_
—
accounts
Miscellaneous
.
,
debt
Long-term
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
Volume 155
2, last,
June
of
and
20
on
preference stock,
both payable July 1
to
15.
cents
Dec.
each
1,
were
made
on
the
common
stock on
1941, prior to which the company
quarterly payments of 25 cents per share on this issue.—V. 155, p.
made
1749.,
,
*
;
1914
American Power & Light Co.
■
.
,
T«E COMMERCIAL & FINANCIAL CHRONICLE
Period End. Jan. 31—
Subsidiaries—
$
30,901,990
and taxes.
21,784,748
—
28,758,695 115,693,948 108,798,253
Total
deductions
Net
operat. revenues.
income (net)_—
Other
19,048,163
80,053,279
70,826,566
9,117,242
32,641
9,710,532
20,036
35,640,669
135,342
37,971,687
111,015
—9,149,883
9,730,568
35,776,011
38,082,702
terest
Gross
Net
income
In
interest to public &
deductions
Balance
—_
4,008,577
:__Y
__
•Preferred
the
__
dividends
3,927,489
5,141,306
15,805,194
5,803,079
19,970,817
15,747,098
22,335,604
public
1,792,935
7,171,742
1,792,936
7,171,741
4,010,143
12,799,076
15,163,862
16,463
44,448
54,722
■
...
•
_
__________
.
3,348,371
applicable
to
minority interests
Net
.
equity
Pow.
Income
Am.
of
Co.
& Lt.
YY\/*■Y-'Y"YY•Yy'Y;." >YY:Y
3,338,078*
_
Balance
&
' 3,993,680
3,352,022
__
Total expenses
4,007,855
Balance
Calendar Years—
-
of
~
12,754,628
65,353
15,109,140
71,653
•
12.819,981
15,180,793
operating revenues
Operating expenses
14,175
Gross inc.
181,737
208,130
761,520
12,058,461
14.520,387
701,705
705,342
2,829,720
2,833,271
2,468,580
surplus-.--.-
3,094,383
9,228,741
11,687,116
-
depreciation,
Provision for
660,406
3,799,725
Y.-1941
;
pletion
Amortization of
retirements and
10-year 3%
.
Fed.
income
5,335,533
Shares
earned
dividend requirements
applicable to-respective periods whether
Gross
accounts of individual subsidiaries have
(no
,
.
-
831,191
income
$18,688,780
——
a
Davis
has
;
is
company
up
Net
2,563,654
2,828,916
300,000
2,405,915
300,000
836,494
1,269,421
—•
'
448,205
1,350,991
1,045,618
1,208,305
outstand.
1,483,298
Vv5■
;■■■
-.;V■<
:,V
418,247
418,247
$5.60
$6.05
$5.04'
Consolidated Earnings for Quarter* Ended March 81
Y
1942
1941
$2,550,900
from Oper.__
inc.
$2,499,252
1940
A.
\
.
1939
-
1,028,131
1,378,050
1,265,221
$1,849,188
1,001,171
oper.__
$1,522,769
$1,121,202
$1,189,273
'vr $848,017
credit—
60,645
60,324
: $1,583,414
$1,181,525
expenses.—
from
inc.
\ j
456,747
$4.66
-
income
$2,454,494
55
,
430
^
.
income
on
coll. trust notes,
5848,447
$1,189,328
~'r:
etc.
256,583
240,234
.
193,783
Proy.
171,87Q
.
190.000
,
U42.500';
,
——
income
,
as
of
Dec.
31,
: (no
par)—436,842
456,747
Earnings per-share.i—
$1.23s- ■%$1J21
$970,738
>
.
.
y
Mar-31. '42 Dec-31- '41
^
1941
418.247
'
418,247
:"'$1.73' Y : <$L1Q
Consolldated Balance Sheet
Y
$4,041,182
$3,808:664
————_
Sheet
Balance
Consolidated
Assets—
$
.
$
Assets—Property,
plant and equipment,-. $374,985,127;
emergency Y Cash on hand and demand deposits
10,228,650
11,127,929.
87,752,203 103,589,529
plant facilities under contract with U. S. Government, $77,751; invest- Y? Notes receivable
-'"-Y 469,788 t ;- 257,258
and advances, $5,728,565; cash in-banks and on hand;* $16,-Y Repossessed automobHes
17,053
*
9,637
181,154; U. 8. Treasury tax notes, $786,857; cash in banks for pay' Accounts receivable, sundry____:_i__i_____-____
Invest, in capital -stock of subs; not consolidated tv 3,515,000 ^ 1,010,000
ment
of matured
interest payable^ $615,070;. special.*deposits.* with
—
•ments
May 25, 1942.
Pres. B. P, Perkins states the company is informed
although it does not guarantee the accuracy of. the information, that
there; have been recent sales of small amounts of the preferred at $25
.
* 84,632
$1,074,393; accounts receivable from npn-consoli- y Office furniture and equip., deprec. book value : ; :. 76,440
; 175,144
206,242.
dated subsidiaries, $242,821; customers', etc., accounts receivable; $6,- >; Deferred charges
518,764; operating and construction materials and supplies of mer- • y
chandise (at cost or less), $4,099,537; prepaid insurance, taxes, etc.,
Y-rTotal
———
102,234,279 116,285,227
$314,464; deferred charges, $15,283,076; total, $425,907,579.
; Y-yYYYY' ( Liabilities— YY;
•
YyYY
;
*
;
trustees
would
to $32, per share.
"It is doubtful," he states, "that the directors
be interested in the higher price."—V. 155, p. 1115.
-
429,577
.
,
to
27,000
623,921
■
444,718
Operating
14,058,342
$958,942
preferred stock,
of its 7%
;
931,269
3,007,501
:
.
;
-———
been
inviting tenders
210,000
Mos. Ended March 31—
Gross
4,959,459
928,011
....
..
1,651,925
<;
$5,011,920 f
Deductions—Am. Water Wks. & Elec. Co., Inc.:
•■YY..YY:
-V: /Yv- >;Net
income.:——I:
$651,831 ;• $674,292 *: $805,544 Y $534,077
Y Interest
•
851,627
861,227,"/ Diys. on pref. stock—116,359..
122,741
75,000
* ;
75,000
Amort, of debt discount and expense________ ':.Y 90,192
Y? 92.921 / Divs. on com. stock_.wj
:; 219,051
; 228,373
209,124
209,124
Miscellaneous —:
—:
' ,/
17,123 y
16,591 .. Shares common stoek 1 •'
resulted in deficits for
American Tissue Mills, Holyoke, Mass.—Tenders—
16,350
7
par)
.4, -
y:3
$4,767,605
Balance
appointed Comptroller of this company,
subsidiary of the United States Steel Corp,—V. 147, p. 2383.
This
;
1
4,129,419
$19,070,262 Y Int.
13,921,175
_______
—
American Steel & Wire Co.—New Comptroller—
W.
714,191
|
taxes
Earnings, pen -share—^
'
the respective periods.—V. 155, p. 1007.
Arthur
673,831
r
"
Deductions—subsidiaries
Note—The "net equity of American Power & Light Co. in income of
subsidiaries" includes interest and preferred dividends paid or earned
on securities held,
plus the proportion of earnings which accrued to
common stocks held by American Power & Light Co., less losses where
income
7,850,282
4,273,598
'
unearned.
or
debs
com.
Gross
•Pull
8,753,722
4,610,703
Net income
.
$17,861,507 $18,380,718 Y. Other
(1827,273
689,544
—
84.902,714
7,810,727
39,555
on
taxes___„
Fed. excess profits
Net
Operating income —
Non-operating income
*
8,750,915
2,807
11,086,124
'
of discount
Amortiz.
Y*/Y>:YY
property account adjustments.
$
-9,877,703
5,612,958
5,157,882
• " .
;
1,047,587 ,/■ 781,050
—
Expenses
'
Int., incl., com'S & exps.":
; on coll. trust notes-/
•
6,148,492
de-
_
—
1938
$
9,676,091
201,611
10,827,617
/ 258,507
6per.__"
Total income
4,231,174
-
6,423,406
v:
—
.
1939
"
*
.
:
■
purch—_ 251,616,771 192,921,375 155,292,358
from
Preferred dividends—/
489,166 '
Years YYY' Common dividends^.— < 1,137,356
Balance, surplus— ;
937,131
,/V; 1940 co¬
—__4,363,720 \
£
——
1940
Calendar
Federal taxes on income————--————./ 6,808,148
Other taxes
;
'
$62,866,480 $57,886,457
21,242,975
19,109,184
—
■
Maintenance
•■ YY1'•
155.
are
and
Income Account for
V
;
*
Gross receiv.
included in
preferred stock
which
bonds
ago.—V.
year
a
Co.—Earnings—
1941
■'
*
-
Other income
companies
issues
units
,.v-
•
.,-:Y
water
new
YY YY YY'" /Y.; Y./Y. • Y:'; Y.V;V ?.
15,109,140
3,170,285
taxes
—
& deductions..
Interest
12,754,628
3,993,680
3,338,078
13,944
equity (as above)
Other Jncome ——
Total
accounts
Consolidated
Comparative
v
Co.—
Net
-
-
in
subsids—
of
Pow.
.
10,293 \
y
...
Amer.
Lt.
&
of subsidiary
group
106,636,015
;jV(And wholly owned finance subsidiaries)
,
'
Portion
Y.
rate.
the
consolidated
of
:';'r'
'
"
Associates Investment
;
aggregating $22,860,000 in principal amount and par value were sold,
The outstanding bonds of nine such companies were refunded with
lower interest rate bonds and in some cases relatively small amounts
of additional bonds were sold to pay open account Indebtedness or
raise additional capital.
One of such companies similarly refinanced
its preferred stock.
:
Six companies in the Community Water Service Co. group sold new./
issues of bonds aggregating $14,025,000 in principal amount for the
purpose of retiring or refunding their outstanding bonds; a moderate
decrease in their total funded debt resulted.
to
Balance.
Y
Works
$
$
p.-1827."'"
>.
production
10.2%, above
or
262,602
1942—12 Mos,—1941
$
Operating revenues
operating revenue
Financing—During the year West Penn Electric Co. issued and sold
additional shares of its common stock to American Water
& Electric Co., Inc., for slightly more than $2,000,000 in cash,
and applied the ientire proceeds to the purchase of 133,402 shares of
common stock of its subsidiary, Monongahela West Penn Public Service
Co.
The latter company needed the additional funds to carry forward
the installation of new generating capacity now under construction. • : :
Substantial savings in annual Interest charges were effected during
the year by a large number of subsidiary water companies which
refunded
outstanding bond issues with bonds bearing a lower in¬
(& Subs.)—Earnings-
1942—3 Mos.—1941
Monday, May 18, 1942
American Water Works & Elec. Co., Inc.—Annual Re¬
and
others,
.
Notes payable
60.460,000
72,818,700
Liabilities—Long-term debt of subsidiaries, $179,748,500; preferred
.
Reserves for taxes, accounts payaDie, etc.-.:—
2,599,065
2,335,517
capital stocks of subsidiaries, $90,189,550; long-term debt of-'American •
•Funds withheld from dealers____i____:;______
Water Works & Electric Co., Inc., $17,880,000; notes payable to banks,
939,422
1,126,865
2,768,978
2,749,687
$2,831,000; accounts payable to non-consolidated subsidiaries, $250,531; Y; tReserve for losses—_____
Unearned income
accounts payable to others, including payrolls of $507^751.04, $1,899,839;
3,465,366
4,670,647
5-year 1%% notes payable, due Aug. 8, 19**—
6,000.000
taxes accrued, $10,412,449; Interest accrued, $1,989,132; matured inter6,000,000
5% cumulative preferred stock ($100 par)_____
est payable (principally due Jan. 1, 1942—contra), $615,070: preferred
8,935,600
9,688,500
ICommon capital stock—2,682,858 " 2,818,741
dividends accrued, $98,158; dividends declared on preferred stocks,
14,392,990
14,076,569
payable after Dec. 31, 1941, $1,309,502; customers' deposits, $1,292,924; y Earned surplus:
—
port— In the annual report for 1941 H. Hobart Porter,
Chairman, and Earle S. Thompson, President, state in
.
part:—
The
past year witnessed the intensification of the defense program
and finally the sudden entry of the Nation into the war—circumstances
necessarily accompanied by marked changes in the business and econ¬
omy of the country.
*
There has been little, if any, relaxation in the regulatory process
long-term debt of subsidiaries due in 1942; $16,000; other current and
v
v Total
accrued liabilities, $283,155; customers' advances for construction, $1,102,234,279 116,285,227
deferred credits, $161,697; reserves for depreciation, retire-1
•Generally held until collection of the related notes receivable,
tori''
ments and depletion,
$46,526,495; reserves for claims, contingencies : receivables and repossessed automobiles,
tRepresented by 436,842. no
and other purposes, $1,112,950; contributions in aid of construction,
par shares in 1942 and 444,718 in 1941, and including capital surplus.
$1,903,022; premium on preferred capital stock, $462,939;
minority
-t-V, 154.P, 1299.
Interest in common stocks and surplus of subsidiaries, $2,085,964;
$6 ! y Y:
and, accordingly, a vast amount of time and expense must still be
expended in complying with the requirements of regulatory bodies,
both
State
have
We
and
Federal.
desire
no
—
208.145;
to
raise
controversial
the
anew
questions
sur¬
rounding many of these requirements.
It is believed, however, that
their application during conditions of war was not contemplated at
the time of their adoption.
With a view to giving management an
j
,
*
first
opportunity to devote its undivided attention to problems of efficient
operation and production, and in the interest of fairness to security
-
the
holders
surplus,
Output—
should be relaxed and simplified as
possible during the period of the war.
Earnings—The net income of the company alone in 1941, after pre-,
ferred dividends, was equivalent to 47 cents per share on the' common
stock; as against 41 cents per share for the year 1940.
The consolidated net income for the year 1941, after preferred divi¬
dends, was equivalent to $1.11 per share on the common stock as
against $1.21 per share for the year 1940.
Conditions prevailing for the past several years continued to affect
the flow of dividend payments to the company from the subsidiary
companies.
The consolidated net income was favorably affected in
1941 by non-recurring deductions for income tax purposes allowable
to various water company subsidiaries during the year.
Electric Properties—The total consolidated electric revenues was $43,657,000 in 1941.
This represented an increase over 1940 of $3,447,000,
or approximately 8.6%.
Of this Increase $2,473,000 was derived from
sales to industrial customers, $854,000 from sales to residential customers,
and $158,000 from sales to commercial customers.
Other
classes of customers showed a decrease of about $38,000 by comparison
much
regulatory
process
is reasonably
as
with
week
electric
established
system
a
power
new
total of 446,421
a
total
•
of
number
of
—
.
Community
Federal
Water Service
Co.
—V.
was
485,003, an
tomers.
Cash
'
Secondary
—
l
•
being
supplied
to
cash
resources
1942
„
of
the
,
..1941
$1,571,258
y
of
have
declared
accumulations
dividend
a
the
on
$3
of
75
cents
cumulative
per
preferred
share
no
'.Ytv':
:l.-Y
a
new
i -Y'
;■•='•;'/
' j
Offering of Bonds
departure in secondary,
block of bonds
came
from
estate.
an
________
$67,404,253
_
Y
46,859,449
——_—
1940
Y
$50,087,984'
39,567,509
Net operating revenues—_______
$20,544,803 '$10,520,475
Railway tax accruals_,i____—; 7,650,000
4.550,000
Y
Total
'
Joint facility
$12,894,803
(Dr)
-
$3,970,475
1,983,484 :
'
2.234,146
$10,911,320
-
$3,716,329
rents—net (Cr)^_—— ■.-;.v 169,634
*
Net railway
operating income—$ 11,080,953
Other incqme
———_
7,380,388
$31757.234'
5;?15,04I
-
i.%•;
,Y ,.i
:. Y
-y
L.1
•■Y> Y;Y::
$18,461,341
908,200
Interest and rentals—_
6,420,660
$8,972,275
:
Miscellaneous deductions from income—__—_
v
a dividend of 15 cents per share on the
value, payable May 25„to holders of repord
May 21.
This compares with 25 cents paid on Dec. 10, last; 15 cents
on Sept. 2, 1941; I2ya cents on May 10, 1941, and 25 cents on Jan. 31,
1941.—V. 155, P. 1301.
'
::
directors have declared
par
40,904
"
Y
.
income
rents—net
*
in Adams.
Personal property is not mentioned in the .deeds,
embodied in 24 typewritten sheets in four different sets of documents.
(Boston "News Bureau."J—V, 155. p. 1827.
*.,■;;-.Y
15-Cent Dividend—
operating
Equipment
registry
; ; Net income
Y Freight
_
939,792.
6.208,946
$11,132,472
$1,823,537
In
1941' ihcreased <112,737,026^ or 34.41 %.
There
was an increase: of 1.01% in revenue, per ton and of 6.18%
in. average
haul per revenue ton in 1941 compared with 1940.
/ . :
Passenger revenue in 1941 increased $3,954,113.29, or 80.28%,
The1
number of revenue passengers carried one mile (basic unit of passenger
transportation) was 693,252,065 in 1941, the greatest of any.year on
record, an increase of 51.51% over 1940.
The average miles per
revenue passenger carried in 1941 was 246.13, as compared with 236.46
revenue
,
"
Associated: Dry Goods Corp.—
Y
.
/.
May 2,'42
May 3,'41 5
companies—$18,062,225 $15,575,547.
branch of Lord &. Tavlor which was
opened until the last of May; 1941.—V. 155, p. 1749.YY"
'
Thirteen Weeks Ended—
•
•Sales by subsidiary
•Exclusive
not
of- the
Manhasset
in
1940 and 207,19
The trustees of Associated Gas
& Electric Corp.
report .for the week
ended May 8 net electric outRUt of the Associated Gas & Electric group
water company
was
117,546,295 units
(kwh.)
This is an increase of 10,910,280 units,
in
1939.
'
.
as
*
operating
.
Y
,
Y
to operating revenues was 69.52%,
compared with. 79.00,% foE.the. previous year,*.
v.. Railway .tax-accruals, in, 1941.
aggregated $7,650,000; the highest in.
the history of the company, as compared with: $4,550,000 -in
1940.,
Railway tax accruals for 1941 and 1940 include amounts as follows:
The ratio
Associated Gas & Electric Corp.—Weekly Output—
fiounted to approximately $10,721,000 in the case of electric comnanv
r'^idiar^R and
"bout $2,300,000 in the case of the consolidated
the
Operating revenues
Operating expenses
.
no
(y
.
$412,000 for the real estate, as indicated by the |453.20 worth
revenue stamps on the deeds registered at the northern Berkshire,
stock,
i;• fr;]r:. Y: yYV(
______
paid
The
'• Y-Y'y ■
.
passed conveying all real estate, equipment and other
physical assets of Arnold Print Works, both in North Adams and
Adams, Mass., to Beacon Industrial Corp., of Fall River, Mass.
Although the entire amount of money involved in the transaction
has not been revealed, it is known that the Fall River corporation;
common
yY v.-;
Atlantic Coast Line RR.—Secondary
:.YYYYy Condensed Income Statement for Calendar Years
YYYyYYYYYYYyYY
1941
vy-Y
have
Artloom Corp.—To Pay
approximately 7,000 holders of the debentures in all
See V. 155, p. 1402. ,yYYyY:.Y YYy Y".
It is believed
on
stock,
Arnold Print Works—Sells Plant-
of
,
offerings Lehman Bros., after the close of business May
12 offered a block of $1,179,000 general unified
mortgage
4^% gold series A, due 1964, at a fixed price of 63 net
Dealers' discount IV4.
The offering was oversubscribed.;
value, payable June 1 to holders of record May 20.
From Sept. 3,
1940, to and including March 2, 1942, and on June 20, 1940, quarterly
distributions of like amount were made.—V. 155, p. 818. y
'
: ;'
Deeds
to
—Marking something of
excess
par
company at the
about $831,000 was set aside during the year by certain subsidiary
Companies for the amortization of property account adjustments.
Net additions made during the year to plant and property account
of March
:
$2,606,801
directors
„
parts of the United States.
Arden Farms Co.—Accumulated Dividend—
The
>.
v
Acting as agents for the Associated corporation, the local firms of
Baker, Watts & Co. and Stein Bros. Si Boyce, mailed notices at the-
depreciation
for
account
industrial cus¬
.
subsidiaries.
ders under- the March 30 offer.
.
.
Resources—The
The
$7,433,020 debentures left outstanding,, therefore, will be without
assets
available
for
their
payment at. maturity.
Such, remaining
debentures, however, will be entitled to receive the stipulated interest,which interest (but not principal), is guaranteed
by the United States
Fidelity & Guaranty Corp. of Baltimore.
:Y-: Yr
: Y
The First. National Bank of Baltimore, as depositary for the Associ¬
ated company's debentures,, is immediately notifying all holders
of;
these obligations of the acceptance or rejection of their
respective ten¬
.
v
,
made by regular industrial customers, most of whom are
end of
the year 1941 amounted to $6,660,000, despite the fact that during the
year the company substantially increased its investments in its sub¬
sidiaries and paid Instalments maturing on its bank loan.
The bank
loan 4s being reduced at the rate of $320,000 a year and the balance
of $6,560,000 then remaining will become due on May 1, 1944.
Property, Maintenance and Reserves—During the year the consoli¬
dated subsidiaries of the company expended approximately $4,364,000
for maintenance of their physical properties and reserved approximately.
f5,336,000 for depreciation, retirements and depletion, making a total
of about $9,700,000 :so expended or reserved.
In addition, a total of
+
-
system
engaged in the production of materials and equipment directly or
Indirectly, related to the war.
As a result, an increasing proportion,
is
will exhaust its .principal assets which, according to the
given at the time of the call for tenders, amounted to
$4,742,225..... ;Y.;:^ Yv.
'
information
share
$4.78
$2.88
and all income taxes including estimated pro-;
profits taxes.
Estimated provision for excess profits
and normal income taxes is $4,260,000 in 1942,—V. 155, p. 1671.
J
now
output
/
: v poration
A second block of 1,500 Shares J
bankers. ;
Blyth & Co.
profit
* After
»
the express purpose of producing essential war material, have developed
in the system's
electric territory; and greater demands for electric
electric
Stock Offered
155, p. 1008.
vision
-
system's
debentures-offered and 57.03% of the aggregate obligations outstanding,
In purchasing these $9,866,150 face amount of debentures the cor¬
v
Earnings per common
increase
tax, purposes
the-
—
%
38,148,000
38,313;000
38,666,000
39,542,000
^
Nine Months Ended Mar, 31—
which were allowable as a result of bond Issues
refunded by various water company subsidiaries during the year and
which had the effect of temporarily relieving the tax burden somewhat.
Even so, Federal income and excess profits tax accruals in 1941 in¬
creased by $2,679,000, as against an increase of only $2,160,000 in the
consolidated operating income before such taxes.
Demands of War—The properties of the svstem, which are largely
electric utilities and water works, are operating at a higher rate of
capacity than ever before.
War industries, including several new or enlarged plants built for
of
1938
•:
"
•Net
Taxes—Accruals for Federal income and excess profits taxes
power have been
19391
40.938,000
39,179^00
39,367,000
39,154,000
A
end
consolidated system amounted to $6,808,000 for the year 1941.
The amount would have been larger except for non-recurring deductions
for
closed on May
:YV;
total
of $12,242,580 or
70.77%
of the $17,299,170
debentures
outstanding were offered to the corporation for purchase. ;
Y
The amount accepted for purchase was equivalent to 80.59% of tho
.
Archer-Daniels-Midland Co.—Earnings—
the
in
•
offered May 12 at same price by the same
was
amounted to $6,256,000
for the year 1941. as against $5,954,000 for the year 1940;
and the
total number of their customers on Dec. 31 was 212,338, an increase
of 5,412 for the year.
■Ys;
the
:
50,887,000
51,473,000
51,054,000
51,331,000
-
Anheuser Busch, Inc.
18,807 for the year.
The consolidated operating revenues of the water works subsidiaries
in
1940
,
53,608,000
54,840,000
58,097,000
62,196,000
$9,866,150 face amount of the debentures offered under the call
for tenders which
A
distribution of 1,500 shares of common stock (par $20)
was made
May 11 at $56 per share less $2 concession
amounted to $14,602,000 for
for the year 1940; and the
31
of
.
1941
18
to dealers by
'. In completion of its liquidation plan issued March 30, last, the cor-,
poration on May 4, announced it had accepted for purchase a total
?*
The annual average use
at the end of the year.
their customers on Dec.
'
72,242,000
Apr. 25l
72,277,000
May
2
71,708,000'May
9____; 72,053,000
—V. 155, p. 1827.
output record of over.
.
weekly output of electric energy for the last
table of
follows;
,
,
/'Y'Y/i'Y YYY: Y YY'y \Y:" •Yv-1:
Mortgage Cos., Inc.—Tenders Accepted—
Associated
'
v
;
Week Ended— 1942
Apr.
by residential customers Increased during the year to 973 kwh.
v
Water Works Properties—The consolidated operating revenues from
the water works, properties of the company (exclusive of those in the
Community Water Service Co. system)
the
year
1941, as against $13,763,000
1941.
Comparative
;
3,343,000,000 kwh. in 1941.
The number of electric customers of all classes increased during 1941
to
of
five years
y-:,-Y
1940.
The
t
Y
-
Output of electric energy of the electric properties of this company
for the week ending May 9. 1942, totaled 72,053,000 kwh.; an increase
of 15.85%
over
the output of 62,195,900 kwh. for the corresponding
■
'
stock, $20,000,000; common stock, $23,431,050; capital
$1,318,067; earned surplus, $18,881,439; total, $425,907,579.- ; ?
preferred
,
of
expenses
Volume 1551
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
1915
f
1940
1941
Baltimore
&
Ohio RR.—Obituary—
Federal carried tax in connection with the Railroad
•
Retirement
Federal
railroad
State
Act
unemployment
unemployment
and
Insurance
insurance
George
$733,644
$867,385
i__
.
-
867,477
178,721
taxes-
Income
—
Comparative
Total
in
road,
Traffic and
Net
1
r."V.-
ductors
from
—-
(Dr>_—f:
accounts
Material
supplies-———.
and
Other
diviuends
current
Deferred
113,349
;
6,148,886
1940
$4,871,451
3,686,534
$1,812,861
$1,184,916
Income
——
$725,869
133,246
50,940
Common
Other
deductions from gross income
*
6,277
Premiums
on
stock—ji.——.—
capital
Grants in aid of
Long-term
r"
Fixed
748,254
Net
!
income
j
4,836,989
construction—_j—
debt
Cash
1,249,792
••
matured
V
117,232
accrued—
Unmatured rents accrued—':
:.-i
125,631
1,288,401
910,091
94,474
receivable——
616
assets
$38,541,907 $38,585,111
j—.—
;
423,531
—
and
bills
129
balances
receivable
from
ductors." — j_
accounts
and
173,988
receivable
32,419
38,172
_
supplies
107,994
.j
55,675
954,882
Interest receivable accrued
1,007,875
i
1,529,583-
75
Unadjusted debits j—
249
5,106
Other
3,210
568
289,889
269,903
* -
1
•'
.<•■</'
Bessemer & Lake Erie RR
liability for conversion
Meadville, Conn, Lake
,
500,000
9,999,200
800
—
&
'
<
500,000
9,999,200
—
Linesville
800
RR._
74,650
75,000
Pittsburgh, Bessemer & Lake Erie RR. preferred
2,000,000
2,000,000
26,762,000
28,872,000
286,265
279,179
578,846
324,378
debt
and
Audited
unmatured—
car-service
accounts
and
balances
payable
payable
wages
Miscellaneous accounts payable
Interest matured unpaid
Dividends matured
Unmatured
Other
current
249,584
279
accrued
289
60,525
liability
Unadjusted
40,169
249,593
unpaid
interest
tax
95
68,863 *
3,769,940
liabilities
226,944
credits
330.279
15,521,821
—
16,072,908'
Additions to
property through income & surplus
Appropriated surplus not specifically invested—
9,933,632
9,933,632.
173,846
3,379
current assets
Deferred .assets-
49,140
833,173
$98,540,722 $95,692,043
Accrued
con-
j
i
-.100
207,202
(net)
agents
j—
Miscellaneous
and
339,218
receivable—
car-service
balance
378,091
25,563
704,992
Pittsburgh, Bessemer & Lake Erie RR
The
362'
27,359
75,285
Common stock,
Traffic
341,197
Material
32,575 '
•
:
etc.
—
1,671,348-.114,181.
4,012,787
■
——
Net
1,203,955
V.- 14,856
•••••
•
_____
Accrued tax liability
Other - current liabilities-—.L———j—....
equipment^
.
Traffic and
9,947
1,190,995
unpaid——j—jj—j
interest
■
Loans
...
Unmatured
1.17
Special deposits——
152,038,100;
Audited accounts and wages
5,555,389 I 4,270,214
payable———
Ui 2,112,757 ti' 2,214,336
Miscellaneous accounts payable
Interest matured unpaid
V " 337,278 '.••• 222,979 *
Dividends
77,055
assets
Funded
158,261,100
—
28,026
81,001
conductors
supplies
dividends
4,892,199
97,103
receivable
Total
$125,532
1.87
General Balance Sheet, Dec. sr
4,836,989
1,251,066
'
4,695
1,908,295
1,510,900
249,830
balances
from agents and
accounts receivable.
and
Stock
$653,725
charges, times earned
Investment in road,
196,700
a
'
deposits
car-service
and
15,625
178,909
•
4,245
receiv.
current
Deferred
757,050
charges
1,000,000
1,000,000
£?> 196,700
167,266
1,813,688
Miscellaneous
Other
15,920
100,909
6,181
$882,583
81,342,700
81,342,700
■"
Petersburg RR. Co. stock-
and
624,702
30,636
Liabilities— '
Fixed
stock
cash
Net balance
.
394,042,832 374,289,596
stock
Class A Richmond &
Preferred
Special
1940
468,193
Temporary cash investments
15,681
„
5,604,893
.
property.,
$904,446
17,624
$1,401,979
10,295
1,925,719
.
physical
Cash—general
Interest
31
$91,920,299 $86,033,813
——
Unadjusted debits
•v>';
-
45,329
$1,425,881
'
Liabilities—
459,047
274,057
_
Equipment and joint facility rents (Dr).
68,246:
V
13,385
—
711,978
Equipment and joint facility rents (Cr)
property———
investments
Traffic
539,244
3,241,099
^
Total
it
3,722,372
,
39,815
receivable--—.-
assets——
assets
'
2,242,480
4,704,737
-—.,..
Unadjusted: debits jJ.r.—7*813,721
•
;
;
v:-;'.-.'' 803,376
—
;
Years
$1,100,883
796,277
.
equipment
Deposits in lieu of mortgaged property sold
Investments in affiliated companies
$5,665,618
operations—revenue
Other
:•
receivable——
Calendar
Dec.
1941
and
Material
con-
————
Miscellaneous
Interest and
and
agents
for
Comparative General Balance Sheet,
Assets—
Road
Sinking funds
7~9~7~148
1,191,988
i
—-:
balances
receivable
Income
Net revenue from railway operationsRailway tax accruals
...
'j———
—
service
car
balances
1749.
3,852,757
Rail
■
Special deposits
of
■
equipment,
—
11
Other
etc.—- 357,927,551 352,868,109
5,714,814."ft 10,044,923
Temporary cash investments——j.
2,000,000
investments
Statement
1040
1941
Cash
155, p.
May
on
1941
Comparative General Balance Sheet, Dec. 31
:
Consolidated
died suddenly
Bangor & Aroostook RR.—Annual Report—
45,485
—
Assets—
Vice-President,
Miscellaneous
2,857,694
State
Senior
Memorial Hospital in Baltimore—V.
734,457;.
.
3,074,008
and
Shriver,
■ •
taxes.j—jj—;
Property and franchise taxes—x-i.-———2,660,157
All othertaxes—i-180,973
Federal
M.
at the Union
————
Profit
and
loss
28,402,288
182,41?
26,763,343,
■
'
Deferred-liabilities
Unadjusted
1,224,499
—.j.———
credits
^
35,283,614
__.j
v>
-
Total
—V.
34,502,031 *
6,862,498
Additions to property through Income & surplus
Profit and loss
90,316,739
^ Total
81,407,704
394,042,832
374,289,596
$40,910,655 $40,849,218
155,
5%
cumulative convertible preferred stock
Common
1828.
p.
company
of
account
record
Jan.
May
on
1
accumulations
April
21.
paid
similar
A
the
on
dividend
a
6%
of
made
was
this
on
2 and April 1, this year, and each month from June
1, 1941, both dates inclusive.—V. 155, p. 1403;
Dec.
,
.
£•:.
Long-term
Loans
$1.50 per share on
stock to holders of
preferred
distribution
\
issue
Interest
Earnings1942—Month—1941
$2,827,668
$5,911,839
lexcl.
Federal)
1,600,814
2,407,653
5,688,580
6,682,929
55,217
140,067
24,198
_
74,207
.
.
>'
23,521
Other
127
._
k
7
127
4,529,132
4,354,338
408,859
___
'
$165,469
-V.
T.
$40,910,655
$40,849,218
1672.
p.
Rieber,
26,521
228,797
-
of
formerly Chairman
the
Barber
Asphalt
to
Corp.
with
elected
has retired after having been
Sept: 30, last, Mr. Rieber was
Corporation.—V. 155, p. 1823.
79,998
-
315,168
$1,834,102
-
67,529
58,517
$2,116,031
income——
Miscellaneous
$1,892,619
deductions
from
income
848
Net
income for year
Balance surplus
tV, $321,497
$106,565
—.
"v $39,211
if
Beech
1
-Assets—"'
'
Frank
1941
'
Creek
Coal
Coke
&
and
bills
50
receivable
of
years.
balance
receivable
Note-^The
of
tions
above
the
New
statement
York
includes the earnings on
Cuba
&
Mail
Steamship
Co.
1,
;
subsidized opera¬
wholly-owned
(a
debits
1,668
before provision for recapture by the U. S. Maritime Comit
of the profits in excess of
10% of the capital
necessarily employed in the subsidized operations (the amount of such
recapture of profits to be limited by the total amount of subsidy
subsidiary)
of
mission
received)
The
one-half
provided
as
above figures
for
provision
contingency
a
in effect under the
Marine Act.
the
in
reserve
.987,436
Net
The
934,831.
$3,120,000
$3,120,000
364,269
238,656
Provision
for the
stock,
declared
par
dividend
a
value,
•
payable
of 50
t''
'/•
0
\
«
*
Net
cents per share on
Federal
V
,
V.
•
-
„
*
'
passage
49,923
46,052
..
(est.)__
268,000
175,901
$179,658
of
holders
May 7 its regret that the development of cir¬
beyond its control has made it impossible to offer to stock¬
the
exchange
26,318
surplus
the
but
Operating
Operating
and
ferred
sale
to" the
equivalent
the
contingent
was
the
from
cash
bill.
tax
have
The
This rate has
been
class
of
amount
A
company's securing sufficient,
preferred stock to pay cash
accumulated dividends on the pre-v
company's
been
used
final
for the
set
$0.54
tax
1941
pending
up
10,
the
stock
common
The
filed
company
exchanged.
so
approximately
at
In
order to
of
,i
registration
the
for
$1,000,000
value.
par
its
5,< 1942,
quarter in the
155, p. 1503.
April 10,
the
new
'
,
statement
'
additions
ment,
Gross
it
that
allowing
would
Total
' *
-
issue
1940
$127,838
$98,459
87,435
,4,749
Net
■*.
?
stockholders'
In
ample
for the
time
require to be
required
notice
of
income
market
made
in the
deductions
$18,810
12,082
income
18,566
.
conditions and
advised
Corp.
the
company
$11,276
been
built
Plans
did
to buy or sell or otherwise
not
The
company
on
May
its registration statement
withdrew
11.—V.
155,
(2-4947)
$22,677;
$9,838;
of Dec.
152,
$445,450;
deferred
appropriated
$778,051.—V.
31, 1941
Locomotive Works—Testing
Baldwin
.
1
*
'*
1'
1
/ 1
p.
surplus,
3642.
deferred
for
$78,954;
y
';
unadjusted
$11,435;
profit
and
loss,
credits,
$5,698;
total,
Leased
ahead of the
first, four months of
manager
of
.
in
He
fr«ir
first
is
of
i'f Consolidated Comparative Income Account
at
155,
p:
1750.
■'
of
The
that
high
Locomotive
in
division,
Works.;
1941
;
Baldwin Southwark
' -f
88 standard universal'machines
56 during the first'
increase in production can be seen
as
great
the
of
1939,
65
machines
testing machine shipments
v:;,vv':■ r'_';y -v j.-.v-'v;
up
to
were
that
V-.i-v:(
a
Commission.
freighters
year
developed
were
by the
Maritime
the contract let for their construc¬
ago,
priority arrangements made with the Bethlehem
"E"
pennant, symbolizing the U. S. Navy's award for excellence,
presented
the
Fore River
on
to
May 15.—V.
shipyard of the Bethlehem
146, p. 432.
Gteel Co.
Bloomingdale Bros., Inc.—Earnings—
(Including Wholly Owned Subsidiary Companies)
Years Ended Jan. 31—
sales
(incl.
and
with
N.
World's
Y.
$5,864,060
——'j——
;rents
1,048,095
Net railway operating
income
$6,455,934
r
695,460
income——i—J—_
-
$6,912,154
$7,151,394
140,226
172,012
$7,052,380
$7,323,406
u_——j-|-- r.-3 51,151
43,133
$7,001,229
Other
$7,280,273
__j—
Excess
3,649
$1,359,983
—
1,069
and
$876,622
>
taxes
on
inc.
8,511
surtax
$1,361,053
$885,133
340.000
before provision for Fed.
profits
Net
5%
197,700
290.000
tax—
profit
1
——
dividends—
preferred
Common
—
dividends
Assets—
Cash
on
demand deposits and
securities
Customers'
Miscellaneous
.—————
deductions
accounts
on
$731,053
160,345
262,500
$687,433
166,435
262.502
debtors
Fixed
796.816
Dividends
4,922,226
\
and
Delivery equipment
Goodwill'
equipment
1,501
4.129.987
.7.851,539
2,762,653
87,485
247,638
222,748
105.503
13,259
'•
leased land
(net)
10,666
3,397.759
876.540
3,324
3,527,758
863,079
6,149
$6,483,457
4*422,221
_
878,688
$6,122,540
charges .——ij—)
Net; income !C—
fixtures
—
—
——;
1941 i
$633,208
3,502,960
—
——
assets
$886,867
1,501
and notes receivable—-—_
•Buildings and building improv. on
Store
—
—
Prepaid expenses
Other
1%.42„„
hand
—
Inventories
Sundry
4 Total income
t
2,644
Fair
-debentures
Marketable
■
268,964
3,788
;
connection
357,108
24,582,521
312,723 j
Comparative Consolidated Balance Sheet, Jan. 31
Railway, operating Income—
■; Net
de¬
time.
repairs—————j—j&,
in
$28,925,180 $26,047,123
325,420
—:
—
and
1941
1942
.'
departments)—
26,878,880
Depreciation
Interest
Losses
•>
■
of leased
sales
expenses
——
compared with
whole
in
ta
1940
shipped
1942
than
Quincy, Mass.
Normal
for Calendar years,; .;;
1941, it is announced by Francis G.
testing machine
company
1941.
realized
livered—a .new
—V.
the
four months
months
it
of
Baldwin
that the
states
the
when
The
according
Shipyard Awarded Navy "E"—
Profit
Lines]
Railway operating revenues
$20,379,750 $18,026,227
Railway operating expenses-———.—. 10,457.623
8,377.040
Railway tax accruals
4,058,068
3,193,253
from the
*'*
Maritime
"Liberty"
Gross profit
Other: income1
[Including
Shipments of Baldwin Southwark testing machines for the first four,
of 1942 were the largest in the
company's history and 57%;,:
division
Marine,
dispatch from Baltimore, Md., which added:
ways 24 new American freighters have already beeir
the
the
more
Maintenance
?
months
Tatnall,
Merchant
Press
.
Machine Ship¬
^
S.
the "Patrick Henry," is already In the Middle East.
The
was launched on May 7.
Keels for 16 more have been
end of 1943 a total of 172 identical ships will have
for
'
;
U.
company.
Costs
long-term debt, $204,000; current
liabilities,
———
ments Up—
the
Bessemer & Lake Erie RR.—Annual Report—
1116; ? ^
p.
Liabilities—Capital stock,
liabilities,
feel
trade in the various issues of the company's.
as
;Assets—Investments,
$663,380;
current
assets,
$102,628;
assets, $75; unadjusted debits, $11,968; total, $778,051.
outstanding securities if its Judgment should in the future dictate such
action.
'v.'/;'
SEC
"Liberty" freighters are slid¬
Shipbuilding Yard of the Bethle-,
10,000-ton
new
the Fairfield
of
increase
tion and financial and
def$10,067
Balance Sheet
originally
was
that it
Co.—Launching 2 "Liberty" Vessels
the
10,311
justified in making any further commitment.
■■
'
1
Transamerica Corp., which has up to this time limited its interestin the Axton-Fisher Co. to its, original investment in 80,610 shares of
the company's class B common stock, has advised that it will feel free-
.
first,
Commission
Net
considerable decline in the)
a
to
different
16
By
$244
10,934
Balance
registration state-" ;
prices of preferred stocks since the commitment
Transamerica
made,
72,895
$5,448,017
launched.
was
$34,292
.
$22,209
a'
meeting prior to the expiration of the commitment. K V
the changed
of
view
112,465
—
336
r-
——j——.
.
the
On
$18,474
555
operating income-
75,236
$33,736
/.
Income applied to. sinking fund.
on
then too late to give the required 20 days' notice of
was
—
of
On March 23, however, the Securities and Exchanger
advised
counsel for the
company
of amendments and
and it
896.807
152, p. 2845.
v.
ways
Co.
Associated
an
The
prior to
issue
1941
revenues
expenses
Miscellaneous income
provide
■
new
Steel
The
(Pa.) Central RR*—Income Account—
1942.
Commission
3347;
down the
laid.
meeting of stockholders and solicitation of stockholders' approval prior
to
—
Every week two brand
ing
13. 1942, and in the normal course It would have become effective
March
on
to
up
preferred stock
prior
Feb.
1942,
—
Bethlehem Steel
for
estimate
6,666
Total
,
prior
cash, Transamerica Corp. gave a commitment to purchase,
April
371,228
$5,701,315
150, p.
hem
arbitrarily
Taxes
the
upon
additional
of
surplus
Total
$130,014
$153,340
60%
of
Operating Income—
privileges
contemplated
under
the
proposed
22. "
-•
' *
' "
This plan provided for the exchange of new 5%
prior preferred
stock and cash for the preferred and class A common stock of the
company
1,498
80,648
1,065,468
liabilities
Corporate
—V.
15,700
731,232
4.354
—
credits
V
Every Week—
$.63
1942
Beliefonte
announced Jan.
recapitalization plan
24,635
929,475
——
—
liabilities——
■
twenty-fourth
:.
Company announced
cumstances
liability
current
Unadjusted
$130,014
share
reserves
57.5%.
was
for Federal taxes_
Axton-Fisher Tobacco Co.—Re-Cap Plan Expires
.
tax
payable—
payable
wages
Miscellaneous accounts
351,967
w
taxes
above comparison.—V.
/ u/'llVf.j'f'j'
'
per
Note—Tax
1941
,
income to
Earnings
the
to
1
153, p. 387.
»
'
.
for
$2,179,772
497,581
depreciation
income after provision
Provision for contingencies
holders of record
share paid on June 1 and
June
May 20. " This compares with 25 cents per
Dec. 1, last year.—V.
for
$2,273,402
——
1941
depreciation—
Net
present law.—V. 155, p. 1671.
no
before
1942
'■
-
and
Income taxes have been computed on rates
1942.
directors have
billed_-,u—
income
Provision
Automotive Gear Works, Inc.—Larger Dividend—/
common
sales
Net
of $40,416
accounts
s
$5,448,017
-
.
stock-
Deferred
-Earnings—
Quarters Ended Mar. 31—
•
amount
Belden Manufacturing Co.-
'
before year-end audit adjustments and include
are
three months of
first
the Merchant
in
Liabilities—
Capital
Accrued
14,696
$5,701,315
—
I
;
-
Audited
Other
r
389,294
—
^
bonds,
assets
596,327
405,599
—
15,600
557,760
assets
Total
215,489
con-
supplies
Unadjusted
Called—
and
agents
,
18,136
and
s.
789,962
>359,
263,208
receivable
accounts
Material
"
Co.—Bonds
from
(Dr)
ductors
Miscellaneous
Barber
the
r—
1940 —
$2,491,457
—
balances
car-service
Deferred
director
—
;
968,713
Net
Seamans,
for
company
a
;v. ^ --tfe
r:..^
:
succeed
the
$250,780
'
$2,498,793
Traffic and
total of $75,000 of first mortgage 5 %
40-year sinking fund gold
due June 1, 1944, have been called for redemption as of June
1942, through operation of the sinking fund, at1 par and interest.
Payment will be made at the Irving Trust Co., trustee, One Wall St.,
N. Y., City.—:V. 152, p. 3014.
y
- .
^
$1,544,740
•Representing, principally, profit from disposition of capital
and purchase of this company's obligations (non-recurring).
1,640,9,21
$502,571
A
.
918
1,612,612
——
charges
Loans
th^ Texas Co.,: has been elected
of
On
$1,624,737
<
258,756
;
——
income
Fixed
income
58,904
$1,518,934
$2,048,501
-
Investments
who
958,648
$268,009
708,697
$1,789,746
Cash
$666,089
$348,018
3,282,175
940,334
railway operating income
Total
5,135,832
——.
155,
President
v
189,850
$5,509,807
3,873,870
.
408,255
Barber Asphalt Corp.—New President—
116.086
$78,159
17,541
$6,603,950
,
-
72,621
27*282
9,605
$782,175
;
"
$330,477 '
12,026
profits taxes
excess
$772,570
j;:.
'
$152,366
,
37,943
$153,442;:
—
Prov. for Federal
&
$368,421
(net)—_
profit
$83,192
V 69,174
3,622
$177,640
Net operating profit
•Other profit
rents
Net
21,669
—
Net
3,342
34,577
^
1940 ".1
Comparative General Balance .Sheet, Dec, 31
Total
/J
$364,799
21,262
Gross income
<•' Gross
•
$156,373";
Operating income —
expense
1,281
-
158,020
50,988
__
Other income
Interest
;;
328,890
.
riV-v
Years
326,090
accrued
liability—
credits
Calendar
for
Railway operating Income
1,686
Additions to property through income & surplus
Profit and loss balance
$7,613,520
Oper. exp.-fincl. deprec.)
Taxes
Unadjusted
1942—3 Mos.—1941'
$1,808,180
revenues——
5,750
-
liabilities
Account
Railway operating revenues
Railway operating expenses
Railway tax accruals
326,345
—.
(contra)—.
Income
1941
135.956
196,650
current' liabilities——
Deferred
Period End. Mar. 31—
Operating
payable
(contra)—
unpaid
Condensed
800,000
■
payable-.—
unpaid
interest
108,091
17,881,000
,:r-:
wages
accounts
matured
Unmatured
Other
and
matured
Accrued ,tax
Atlantic Gulf & West Indies Steamship Lines (& Subs.)
'
payable—
accounts
Dividends
149,324
17,593,000
bills
Miscellaneous
on
1941, to.
1,
and
Audited
grants
debt
.
7,089,600
653,882
i
1750.
$3,828,000
7,089,600
.i...,—_—_'
stock—.
common
Governmental
Atlantic Co.—Accumulated Dividend—:
The
on
$3,828,000
653,882
stock;.
Premium
155, p.
Belt Ry. Co. of Chicago—Annual Report—
Liabilities—
Total
-V.
$98,540,722 $95,692,043
—
6,446,461?
Total
(net)_
—.———
1
—
j
-
1
$13,147,322 $11,984,805
•wajjWtti/.iiWM" WrtWiw t
n«u»aMM3M«!f<9vuMui
THE COMMERCIAL & FINANCIAL CHRONICLE
1916
//■'
'''Liabilities—'
1
liabilities:
Accrued
Compensation
Federal
V1
taxes
Other
stock
Common
/.
'
expenses
stock
preferred
-
630,000
100,334
taxes/—___
'
—
-
Week End. May
—V.
♦At
'.
____.-
less
cost
depreciation
of. $1,895,279
at
155,
4
Federated Department
See
&
Gas
application by
an
on
Electric
Corp.,
corporation,
for
subsidiary
a
exchange
an
of
or
securities
with
its
General
for
Co..
consisting
of
stock
common
of Boise.
the
parent
(par
whereupon
$1),
also proposes to
Boise
will
Kellogg
become
The
proceeds
Boise
from
follows:
as
(a)
*,
and
Kellogg
issue and sell privately to the North¬
Natatorium
Co.
the
-
sale
of
'•'/
Sales
-4W.
1503.
p.
155,
The
of
new
y;/•.•
'■
'
-
i
net
^
.
'•
•
y
■
Institute,
Electric
kwh.,
an
The
t(k
»•;..vv. * :,<'/• Vv ' /
company,
week
bonds
Dec.
to
ended
1942,
9,
May
-i:
<
'
:
'
sell
probably
bonds
its
to
superior credit
*--<r
•
•
28.585,000
was
class
26.
stock,
A
this
no
issue,
O.
declared
Net
1
profits
820.
for
ITReserves
\
P"
allocation
p.
1009.
Pulp
has
&
Paper
Federal
and
State
taxes,
income
and
~
recently
the
to
;
/
.
> <
•*
" t'
$0.23 0
preferred stock., ^
Balance
March
Sheet,
value
-
25,312
2,479,107
48,707
insurance
*
;
>
.
7,127'
. .
2,386
11,910
60,719
—
/
1,284,871
•
2,301
supt. house
3,190
2,183,753*
40,964
1,532,150
-
assets
mill
*
443,422 /
>
7,400
.
*
—
1941
$1,305,821
*
__
\/'
.vV./',
-
373,657
9,438
•
^
$0.54
y- /.' ::
1942
i
life
of
.
31
$1,266,833
——-
-
'
surrender
$32,048 /// $63,551'
,
•
.
$0.12
$Q.16
on
,*
*
-
* •
(no par)—
:
2,818
953
39,040
receiver
Lees,
Co.
Co.
of
(&
Notes
of
$2
per
$463,573
217,779
61,564
Accounts
;
on
651,294
director
a
•
—
$5,337,770
$5,794,608
—
for depreciation.
value.—V, 154, p. 1003.
100,00!)/
tRepresented by
Coos
Lumber
Bay
Co.?
(& Subs.)—Earnings—
.1941
651,321
57,543
$13,005,728
3,247,325
2,456,065
$11,977,212
1,930,897
$2,252,854
,114,051
1,339,262
have
declared
accumulations
of
on
Dividend—
dividend
a
the
of
75
."/
cents
cumulative
$3
-
per
preference
first annual
affords
242,330
181,558
provisions.
9,739,597
3,870,418
637,508
699,631
■
>
*
'
1,925,237
60,000
*$5,738,055
stock in
common
share
in
*$7,456,801
1942,
1941, and $4.48 per share of
$2.87
common
$3,702,215
Net
stock in
98
to
and
cents
in
1,112,788
1942
shares,
and
84
cents
per
share
in
1940.
1941
Total
of
common
stock
♦Trustee's
month
$672,458
$9,076,879
$8,007,362
370,827
5,685,817
3,969,318
$291,621
$301,631
$3,391,062
$4,038,044
2,257
2,505
49,209
35,426
/ $293,878
$304,136
$3,440,271
$4,073,470
operating
.
income
income
(net)
—
deductions
137,176
T.
1,873,257
the
•
123,552
1,479,896
$1,960,375
1,347,182
$989,708
315,178,
280,302
1,994,878
,
$1,304,886
.
2,741,288
$218,966 *$1,436,402
»
stated
increase
that
in
improved
operating
business
revenues
conditions
during each
compared with corresponding months of 1940, with
over 1940.
Operat¬
1941 showing an increase of 19.0%
for any year since 1930.
during
the
year
•
amounted
to
of 153,382 tons, or 5.9%.
Of the total,
1,725.519 tons, or 62.2%, originated at mines served by company, com¬
pared with 1,669,939 tons, or 63.7%, during the year 1940.
The bitu¬
minous
coaL traffic, received from
connecting roads amounted
to
1,048.448 tons in 1941, compared with 950,646 tons in 1940, an increase
Of 97,802 tons, or 10.3%.
Gross
revenues
from passengers carried increased $573,177.88.
orl
37.6%.
The number of revenue passengers
(other than commutation'
$2,159,317
112,264
;
$2,213,844
——
1941 were the highest
bituminous coal handled
total
2,773.967
1,914,153
$180,584
year
entire year
•-The
$1,933,542
tDeficit.
President,
substantial
a
the
823.101
654,240
contingent,
fixed,
ing revenues in
•
988,000
——_
—
report.
in
of
12,233,010
1,483,000
859,413
.683,293
—
deductions,
O'Neal,
resulted
439,257
___
*1940
13,712,979
————
income
Net
out¬
Co.—Earnings—
expenses
2,036.558
sinking fund and other charges—--.
on
$730,878
revenues
other operations
income
Miscellaneous
.
respectively,
.__
and
■///■'
,
railway operating income———
income (non-operating)—
——————
Other
of
share
per
passengers
1941
/
$14,538,275 $12,290,585
2,097,395
1,524,217
Railway operating expenses
Railway tax accruals———Equipment rents (net) I
'_
Joint facility rents (net)
627,378
-<
per
....
,'
/. Total operating revenue—$18,672,227 $15,688,059-
V'/ ";
♦$7,471,812
$3.69
T
Condensed Income Account Summary for Calendar Years
Miscellaneous
15,911
:
31,
i
Operating revenue: *
From freight
478,206
26,770
decrease
to
report of the company for the year ended Dec.
following:
the
1,322,181
tons,
an
increase
.
income
div.
'
$156,702
requirements,
'
112,264
v
1405.
p.
Period End. Mar. 31—
Operating
Total
1942—Month—1941
$226,260
revenues
operat'g
$2,747,359
$2,518,839
"//i
•/
taxes
i
1942—12 Mos.—1941
" $208,233
expenses
,
176,058
2,238,538
1,836,990
$58,478
$508,821
$681,849
16
66
829
4,619
$50,218
$58,544
$509,650
23,643
292,191
285,205
$217,459
$401,263
227,136
227,136
(net)
*
per
passenger
$686,468
23,906
1,389,043
income
Non-oper
149,755
$50,202
$1,972,742:
increased 139,333, or 27.0%.
The average miles:
increased from 158 in 1940 to 178 in 1941/
The average revenue per passenger mile remained the same, or
1.8c.
Revenue per passenger increaced from $2.94 in 1940 to $3.19 in 1941.
1:
Payroll taxes for. railroad retirement'and unemployment insurance:
continued throughout the year 1941 at the combined rate of; 6%
oncompensation of employees not in excess of $300 per month.
The cost to
company for the year amounted to $556,557,
an increase of $48,1751
over
1940, ^An-wnmjnt of $415,000 was included in the accounts in
anticipation of FedetaJ income tax, with no similar charge for the.
year
1940.
Property, franchise and other taxes increased $31,824.
Accruals for all taxes for the year 1941 increased $495,000 compared
carried
passengers)
traveled
Central Vermont Public Service Corp.—Earnings—/
,
f
$2,011,647
109,877
been
Chicago & Eastern Illinois RR; Co.—Annual Report—
.
$6,294,292
1,470,583
taxes
and
$138,316
has
manager,
155, p. 915.
;■
$6,236,749
63,435
38,905
$188,539
advertising
and
Corp.—Accumulated
directors
//
$12,942,293 $11,325,891
815,497
operat.-
Net
612,517
45,709
Consolidated—New Directors-
sales
1939
1940
debt
and
Income
domestic
share on
stock, no.
par value, payable June I to holders of record May 15.
A similar dis¬
tribution was made on March 1, last, as compared with 50 cents per
share each quarter from Sept. 1, 1940, to and including Dec.rl, 1941,and 75 cents on March 1 and June 1, 1940.—V. 155,, p. 636.
Operating
Gross
Emery,
member of the board of directors.s-v.
Chicago
The
net profit for the first quarter of 1942 was $1,953,882, compared
$1,587,755 in 1941 after provision of $3,375,000 for Federal income
After provision
for dividends on the preferred stocks, this is
Total
/
$2,207,156
L.
account
fill
to
$21,456,561
income
Pref.
3,398
1-.
payable
elected a
1942—12 Mos.—1941
$1.50
J. $134,918
Total inc. deductions—
2,000,000
1,500,000
—//'il,150,631//'-' 687,765
659,177
649,705
Chcsebrough Mfg. Co.
1940,
1942—Month—1941
the
4,303
(net)—
$500,300
2,000,000
——————
1,500,000
shares of no par
Basil
November,
elected
exps.„_
Non-oper. income
share
$5,618,529
$5,274,964.
2,760,079 v 2,689,705
51,350
$484,800
l
Total
by Jarret Bros.
1933
/ Period End. Mar. 31—
i 1942—12 Mos.-—1941
$411,909
225,641
:
stock
payable
of
sixth dividend
a
Subs.)—Earnings—
1942—Month-Ul941
;-y-
Liabilities-
tCommon
•After deducting reserve
in
the
and
1942
Central Maine Power
excess
of the Internal
1941, and
contingencies.—V. 155,
for
dividend
a
Power
.
■
$5,337,770'
$5,794,608
Preferred, stock '_
C.
basis
on
reserve
declared
\hGross income
,
$20,795
-r
Total
://;///■ ;\: ;
deductions-
,
$25,108
on/-
com-
Treasury stock (at .cost)
Prepaid expense,
the public
standing.—V. 155, p. 1504.
...
est'mated
taxes
$800,000
depreciation.
income
deprec.,
taxes—,,-!'-.:
receivable
Deferred
-1939 //
1940
^
Inventories
$2.20
—.
$184,230
Other
1829.
v"V-
Government bonds—
S.
Cash
,
60,000
1,376,551
659,212
revenues.^- -V
rev.
for
1,
p.
'
The
—:
for
equivalent
$6,236,749
Period Ended March 31—;
Oper:
for
Lees reported he had
Mr.
been
47,733
deb.
—V. -155,
Prov.
its;
sale by company/
due dates of the
1952" instead of "due
1942--—;C 1941-
/-•
♦After allowing for dividends
U.
I.—1% Divi-
T.
and
since
Manager
from oper.— $21,408,828
tax
common
Mar. 29,'41
share on Aug. 15 and Nov. 15, 1941.
The previous payment,
share, was made on Aug. 14, 1937.—V. 155, p. 693.
Operating
1,.1942-April
Due from City of New York——
'
long-term
of
"Equal
tax.
$2.20
California Electric
i
amended
9
May
on
' y.
share
shares
Accounts
.
capital stcck. payable May 15 to holders of record May 7.
On Feb. 14,
a distribution of $1.50 per-share was made, as compared with $1
per
William
receiver,
last,
per
/• 100,000
p. 389.
.
•
'
receivership
Francisco
equity in Celluloid
Net
•
(& Subs.)—Earnings—
660,548
/,;-/•: ■/•
directors
Sales
Corp.
Cabot Manufacturing Co.—$2 Dividend—
The
San
_
on
in
r
the
$21,408,828 $12,942,293 $11,325,891
Federal
of
serially Oct.
'*
Notes receivable
by Justice Jeremiah E. O'Connell in
Corp. of America
Net
after
for
the
to
into
Income
Provision
and 65 cents on Feb.
1941,
profit
Amort,
Code as most lately amended by the Revenue Act of
Revenue
per <
■
Federal
The
<
-
of
Soundview
Federal
' V...'
Mar. 28,'42
and
charges
General
155, p. 1673.
Int.
■
outstanding
tax.
and
From
Class A Dividend
share—:
per
"
•Earns,
/Cash
left by the recent death of John A. McGregor.- Mr. Miller
of the Pacific Gas & Electric Co., Pacific Lighting
Depreciation
value, payable June 10 to holders of record May
a distribution of 75 cents per share was made
oper.—
shares
* After
:
from
profit
value!—V. 153,
counsel
•
Total
District.
debt.—V. 155, p. 1672.
Six Months Ended—
Common
hands of
the
Commission
director
a
Other
dividend of 80 cents per share on
a
Burlington Mills Corp.
Earnings
$500
petitioned
was
Miller
G.
also
with
Net
"due
•
•
this case,
in
Metropolitan
the
against $1.50 on Aug. 30,
p.
fee of
12 Mos. End. Mar. 31—
last,
155,
Exchange
Surplus
Celanese
*
>
•
followed
& Wire Co.—80-Cent
par
10,
as
1940.—V.
29,
:
be
.'.y-'j
March
On
on
in
$1,461,403
regarding the issuance and
unsecured notes, correcting the
/Assets—;
•Plapt, equipment, etc.~t-u-.i_-
to the law firm of Hinckley, Allen, Tillinghast & Wheeler
Spain,
E.
the vacancy
is
rating,
-
directors have
The
read
Net -inc.' after
*
revenue
1,430,950
.
$1,310,852
1942,
its
-3.Mos. End. Mar. 31—
1941,
1
,
will
which
to
Brown Fence
bonds
the
1941
year
compensation as
plant
Corp.,
'
—'0
to
and
28,
of
Consolidated
operating
•.
,1,372^124
.
/ Century Ribbon Mills, Inc. (& Subs.)—Earnings—
..
has
been appointed Vice-President, succeeding the late D. G. Sherwin.
He
will move to the company's office in San Leandro, Calif.,
to direct
activities there and coordinate operations with those in Peoria, 111.
John Q. McDonald, who has served as Export Sales Manager since
May,
1940, has been
promoted to General Sales Manager. .. J. D.
Fletcher, Vice-President, will take over the active direction of export
sales in addition to his duties as head of the export department.;
C.
reduce the principal of the District
to
April
'.V
Caterpillar Tractor Co.—Promotions, Etc.—
in turn sells its own
the public.
The Elevated bonds carry a higher interest rate
District bonds, the difference in interest being used gradually
than the
that
creditors, have also been authorized.
to
Gail
reported to the Edison
as
1942.
1,
which has a
District,
Securities
of
$5,900,000
•
Ry.—Refunding—
procedure,
Elevated
the
for
is
The
due
shows
•'
$2,682,976 *: $2,892,354
',
$276,139
serially Aug. 1, 1942-April 1, 1952."—V. 155,
Extension
.
.
/
$280,762
s
19,344"
v
,^
v-ZFli
•
income—j.
--The
activities
the
bonds for the purpose of paying off an equal principal amount
usual
(incl..;
$2,873,010
.
Co., Inc. (Providence "Journal").
1828.
..
of this
the
for
Elevated
bonds
5 %
the
additional
The
company has petitioned the Massachusetts Department of Public
Utilities for authority to issue $8,286,000 of negotiable registered or
The
1941
year
,
541
.
$615,043$630,383
•
/
•
..
.
s————^34,280.—.354/244
Investments in
of
end
r$8,078 on hand.
//The
;
for
statement
:
corporation has been allowed
—V.
Of
*
the
'
:
further
its
respectively.—V. 155, p. 1828.
coupon
1942.
the
An
in the preceding week ended May 2. over the corresponding
was 6.6%', outputs being 26,020,000 kwh., and 26,296,000
Boston
v
..
the
week last year
knwh.,
Net
of
plan
A $3,500 fee
increase of 7.6%.
gain
Corp.
.,/////' / .////,
.
'.
6.771,475
Correction—'/v''"'
Superior Court.
compared with 26,558,000 kwh. for the week ended May 10,
as
1941,
.
output
system
Bond
Power
for
^. Boston Edison Co.—Output Up 7.6%—
The
Mountain
Carroll Worsted Mills, Inc., Thornton, R.
Established—
Dept.
Shallberg Jr.—V. 155, p.
and G. A.
;
1
the war
notes
had been reduced to $470,000 par
publicity department, formerly handled by the corporation pub¬
and to expand Borg-Warner institutional advertising
other related activities.
Members of the department are Johnson
and
income
deductions
interest
year
At
director,
S. Davis
Records—
depreciation.
the
licity
•
Adv.
South Michigan Ave., Chicago, 111.
>■
department has been organized to continue
310
Total
2,712
....
$9,644,48S
$2,673,071
9,905
: ' ''
$629,842
$612,330
.
•
;
Corp.—New
No *
*^ i
v;
v.'
1,775,414
7,751,522 *
2,065,119
income
V' /
Gross
v
30 and
and Sept'.
each;
" *
dend to Creditors—.
corporation has established a new advertising department at
offices,
'
totaled $47,635, and net income available for taxes, interest
and depreciation amounted to $25,738.
After a deduction of $9,232 for
taxes there remained a balance of $16,506 available for interest and
"".V.;.i-'.-1'^.':% 1'V-/'
595.
p.
Corp.—New
Borg-Warner
'•(The
ended
-
•-
1937—V.
Steel
Consummated—'
The
the
directors recently
1,
$1
'
;
''
ingots during the week by the two Chicago dis¬
15,
June
declared a dividend of $2 per share on the
cbmmon
stock, no par value, payable May 15 to holders of record
May 5.
Distributions of $1 each were made on Feb. 16, last, and on
Nov. 15, 1941,
The previous payment, also $1 per share, was made on
April
months
$2,405,256 $10,424,594
expenses
—
operating income
(net)
Other
for the extension of the maturity date of the general
6% income bonds has been consummated.
This fact has
made it possible for the board of directors to declare a payment of 27®
($20 per $1,000 bond)
on the general mortgage income bonds, which
will be mailed on July 1,
1942, to registered holders of record on
(Richard) Borden Mfg. Co.—Pays $2 Dividend—
The
30,
'Net
the
on
June 20.
This
Payments during 1941.
record
mortgage
1942—Month—1941
1942—4 Mos.—1941
$3,459,696
$4,700,298 $19,494,281 $12,468,718
—
_
155,
June
•
:
share
per
taxes
order
production of
The
its
Bond Stores, Inc.—April Sales Off—
•
and
155, p. 693.
■*.
.
$1.50
plants was almost 500 tons greater than the previous high mark,
was established during the second week
in April and amounted
Plan
-
V-.Period End. Apr. 30—
31
March
follows:
Carolina
be paid to General
is to
$750,000
of
a
utilized
be
to
are
physical properties.
in reduction of the $1,000,000
bonded indebtedness of Boise, the remaining $250,000 of such indebted¬
ness' is to be satisfied by the delivery to General of a 6% promissory
note, due 1963.
General, in turn, proposes to apply the amount of
$*f5Q,000 which it will receive in cash to the partial redemption of
Its' outstanding first lien and collateral trust bonds due June,-1943.
-r-V.. 155, p.; 1672. ji /■.
(b)
.
dividend
a
$2,677j449
revenues^
^mon stock
"•/•'/
and replacements of
ditions
operat'g
>
.
bonds
the
•
;
three
$737,186 and $467,117, respectively.
were
,
by,
/ *, .//
$200,000 is to be used by Boise for improvements, extensions, ad¬
The
•
declared
production rate of 109.8% of capacity.
;
Z:At Gary Works the production of open hearth ingot? was more than
700 tons greater than the previous high weekly figure, also established
during April and amounted to a production rate of 112.37® of capacity/
At South Chicago Works the No. 4 Open Hearth Department estab-;
lished a new high, breaking a record madejhe week of March 21, it;
was also announced.—V. 155,
p. 1751.
./ ./
to
western Mutual Life Insurance Co. $950,000 20-year ZVsVc first mort-,
gage bonds at 101 Va.
Such bonds are to be secured by an indenture'.
Constituting a first mortgage on the properties of Boise and of its
subsidiaries,
operat.
which
subsidiary-
a
have
Corp,
trict
outstanding securities of Kellogg Power & Water
$100,000 6 % demand note and 65,000 shares of
a
the
for
iV1943—3'Most.—1941"/'' 1943—12 Mos.^l941-~>
period End: Mar. 31—
Total
week
the
:
with
/
the Chicago district plants of this corporation, a United States
subsidiary, broke three weekly production records during
ending May 9.'v
v u
Steel
(par $100)
to exchange 1,650 shares of common stock
proposes
taxes
flf, Central Power, & Light Co.—Earnings—..
;
1941
.
$4,107,000
"
$2 each.—V.
23,
effort,
Water,
company.
Boise
income
based on 45,%; of-the^estimated-taxable income.;
income taxes for .the three months ended
was
for Federal
3l, 1942 and 1941,
Total
Carnegie-Illinois
hear-',,
a
General
.'
Continuing their all-out production drive to supply steel for
Bond Issue—
Securities and Exchange Commission has set May 29 for
,
ing
1942 ;' ;
$4,880,000
stock,
as
Dec.
on
Federal
1942,
provision has been made for Federal excess profits tax,—V. 155, p. 1405.
1829.
p.
directors
were
<
Stores, Inc., below.—V. 155, p. 1403.
| Boise Water Corp.—Hearing Date
^//i:
.
—
payable June 30 to holders of
compares with $1 paid on March 31, this year.
:
"
"
7-—
earnings
common
and.
Jan.. 31,. 1942,
<
$1',717;765 at-Jan..31, 1941,-.
Proposed Loan—
31,
provisions
March
.
;-r.'
^
Canfield Oil Co.—Larger Dividend—t
(
$13,147,322 $11,984,805
——-
The
and
3,600,000.
3,666,444 "
4,000,288
——
'
Canadian Pacific Ry.—Earnings—
,
The
Total
!
revenues——
155, p. 1829/
Traffic
3,319,400 r;
3,600,000
_:
—V.
34,568.
48,819
3,169,400
/./
Gross
82,555
33,148
••
43,849
of
*
/// 97,330
108,759
$100)__——
(par
;
for
*Provision
,
March
H.\. .,'1941, i
$6,548,000
$5,754,000
.1942
;I
197,700
—___
—
surplus
Earned
I;' 93,462
t/'
Ry.—Earnings— ;
7-r—-f.Y'A.V
.Week Ended May
./ 560,197
132,866
___
—_————_/—//l-/
_—_
creditors —for possible assessment
Reserve
5%
'913,007
——/
income--.-.,—-4.——^
on
Miscellaneous
Sundry
$300,000
$400,000
•[ * * •"/^
_
—_——i
taxes
Canadian National
*,'I. v.'
/',
i_———2._—.1—_
;//
payable to bank
Accounts
payable (trade
Note
Zv"'Monday;7 May 18, 1942
with
the year
1940.
/
,
:
and
Reorganization
Transfer of Property
'
//■Net income———
♦Prov. for Fed.
:
'income
Net
:
27,720
1,590
127,686
$22,675-
$785,916
$580,164
■
' :
*
."
'After
rent
and -expense,
etc.—V.
all
for
amortization
155, p.
maintenance,
lease
$5,354,313
2,046.592
2,090.860
942,768
952,267
taxes,
electric
of preliminary
costs
♦Oper.
f
'
*
etc.
tNet 'income,
$7,783,235
$7,500,561
6,095,952
5,610,068
•
-
*
"
(& Subs.)—Earnings
deductions.
:♦
,
18,928
1942—3 Mos.—1941
The
'
*
1942—12 Mos.—1941
$30,251,801
23,542,834
$26,374,61120,825,467
'
$1,687,284
$1,890,493
$6,708,967
$5,549,144-
6.555
6,257
26,748
30,017
$1,693,838
income.;—
."
Gross
income
$1,896,749
742,887
765.027
deductions——
$6,735,716
$5,579,161"
3,116,587 "" 2,717.222
of projects abandoned,
income
:
—__
—_
ij. i
$1,153,862
U f*l i
$928,811
<?*
;t;
$3,619,128
$2,861,940
:C
-L 1'U
corporation. Chicago & Eastern Illinois RR, was
new
organized
1940, in Indiana- and acquired the - business, assets and
its predecessor, Chicago & Eastern Illinois Ry. Co.. as of>
midnight on Dec. 31, 1940, and thereupon began Its operation thereof,'
pursuant to a plan of reorganization and as provided in an order of
transfer entered on Dec. 9, 1940, bv John P. Barnes, Judge of the U. S.
June
27,
property of
District
Court
for
the
Northern
District of
Illinois,
Eastern
Division.-
Ftnal decree terminating the reorganization
proceedings and discharging
the /trustee
entered
June
,;
income—
Income
Net
.
'
$34,901
revenues—
rev.
*
:
Power Corp.
New York
Operating
Other
18,928
-
*
appropriation- for re¬
plant,
charges, amortization of debt discount
1829.
U(/t
of
/
$26,312
; •
Period End. Mar. 31—
.•
/
reauirements_-
div.
Operating
1941
$5,594,187
....
interest
/■
1942
t.„
operating, expenses,
after deductions for
_
^—
155, p. 1829.
Central
-
charges——i——
tirement- reserve,
t(.
.
I
operating income—
fNet after
Pref.
—V.
1596.
California Oregon Power Co.—Earnings—
Operating revenues
•
155, p.
income
Net
<./ 42,440
$50,941
r
I
12 Mos. End. Mar. 31—
♦Net
deductions
on
»Including excess profits tax.—V.
;
:
$913,603 V $622,604
$24,265
taxes on
——
income
$78,661
Income
i6,
/
of
1941.
the
estate
debtor
by-
the
court
on
v/ZV.
.
Condensed
was
General
Balance
Sheet, Dec. 31,
1941
,
cash^
special deposits,
$416,844; loans and bills receivable, $1,504; net balance receivable fmm
agents
and
conductors,- $241,481/ miscellaneous
accounts receivable,$445,068:- material
and ■ supplier. $1.338 904;
interest and dividendsreceivable. $5,556; other current assets, <2,114; deferred assets, $25,753;:
Assets—Investments
$3 281.439:'-temporary
in
unadjusted debits, $296,972;
.'e-VU.M
road,
cash
equipment,
investments.
etc:.:
$65,327,769:
$250,000;
total, $71,631,404.
-/
-
.
i
THE COMMERCIAL & FINANCIAL CHRONICLE
:
A stock, $15,354,500;
common stock, $17,538,000;
construction, $5,798; funded debt unmatured, $26,car-service balances (Cr)v $167,343; audited ac-
Liabilities—Class
•grants
*
aid
in
1173,000;
of
traffic
7%
J->:'
;
Five
members
new
Total
'
'
to the
elected
were
Frank
O.
Watts.—V.
accounts
Interest
and
rents
tax
current
Matured
Other
deferred
Premium
Accrued
Other
and
Additions
indenture
in
lieu
of
the
semi-annual
cash
sinking
i.und
1751.
p.
.
107,434,726
9.0 %
183,943
reserves—.
period
four
past
companies,
May 9, showed
1941.-
Following
weeks
and
1942
:
.
1941
% Increase.
May
9
153,835,000
54,731
141,084,000
May
2™"
150,819,000
135,135,000
148,911,000
141,926,000
•:'•>
150,711,000
142,597,000:
'<>:
..
.
1,119,648
1,113,664
88,401,046
April
25™
April
18-™
per¬
>-
—Kilowatt-Hour Output—
'
Week Ended—
of
of
180,949
61,386
surplus
corresponding
>*'>7'
48,386,749
45,985,536
1,889,015 > .1,620,770
credits
the
over
kilowatt-hour
output totals of the
centage comparisons with last year.:
'>>>
1,026,749
equipment
to
increase
the
are
94,472,224
917,335
Co.—Weekly Output—
Electricity output of the Commonwealth Edison group of
excluding sales to other electric utilities for the week
527,515
—
r
the
Commonwealth Edison
2,955,937
636,061
______
property thru income and
Profit and loss debit balance,—
155, p. 1751.
,
3,075,676.
_
debt-———I—
casualty
unadjusted
under
59,447
liabilities
depreciation,
-
required under the provisions of the indenture.—V. 155,
1,995,970
*v 449,384
288,571
——
default
funded
on
Insurance
89,410
"453,264
liabilities—.'
in
parent,
is the
3,875,993
" 252,873
540,445
—
„
accrued
interest
$300,000 face amount of the subsidiary's debentures held
by
for $312,000 in cash plus accrued interest.
This amount
redemption price specified in the indenture securing such deben¬
tures.
The debentures so
acquired are to be tendered to the trustee
the
3,831,249
5,822,696
accrued-
liability
.1917
i
211,289
payable™
wages
payable
unpaid—
matured
interest
Other
are:
4,019,281
?
>"
acquire
321,749,413 330,363,100
balances, credit
accounts
Unmatured
board of directors on May 8
They
meeting.
construction—
service
car
Miscellaneous
Accrued
stockholders'
annual
of
' ■>•■>„
?
29,416,889
25,115,900- 25,115,900
.74,359,723
74,359,723
,
_——-i——I———«
aid
and
Audited
•>.
—
V'.'" '
'
29,416,889
——-
long-term debt
Traffic
Victor V. Boatner,
of Washington; Robert F. Carr, of Chicago; J. Travis Fleishel, of St.
'Louis; Henry E. Perry, of New York, and Bryan S. Reid, of Chicago.
•(*
The new directors replace John W. Barriger 3rd, Joseph B.rGraham,
".Robert C. Graham, Carrol M. Shanks and Barrett Wendell.
The directors re-elected included Will H. Hays, Roger C. Hyatt and
the
at
stock
in
Grants
> >'■
'New Directors—
stock—
Unmatured
V; >,'
.■>>"
stock—
preferred
Common
wages'payable,
631,404,
preferred
6 %
and
$1,204,895; miscellaneous accounts payable,
"$96,025;
interest matured unpaid, • $276,744; unmatured interest ac¬
crued, $726,317; accrued tax liability, $1,187,122; other current liabili¬
ties,
$63,308;
deferred liabilities, $137,093;
unadjusted credits, $5,890,834; additions to property through income and surplus, $1,221,786;
,sinking fund reserves, $608,162; appropriated surplus not specifically
; invested,
$373,445; profit and loss (balance), $607,033; total, $71,find
counts
Liabilities—> 'iv
<■
—w
9.0
.■■■>
11.6
'
»
:
4.9-a
5.7
:
'
.:
91,783,498
—V. 155, p.
1831.
Chicago & North Western Railway—Trustee Abandon'
merit— 'XI '•
:'X
> •;
■v
The ICC on May 2 issued a certificate permitting abandonment by
-Charles M. Thomson, trustee of the company, of the so-called Hiles
branch, extending from Hiles Junction easterly to Hiles, approximately
> 9.132 miles, in Oneida and Forest Counties, Wis.—V. 155, p. 1829.
",/
•
f
.
—V. 155, p. 1751.
Chicago Yellow Cab Co., Inc.—Business Improvedfair percentage gain over
<,last year, the rise averaging 12% to 15% depending upon weather
conditions,
Benjamin Samuels,
President,
told stockholders at the
annual meeting.
He ascribed the increased business as largely due
to the heavy volume of defense work in the Chicago area, the rising
volume of railroad traffic to and from the mid-West metropolis and
of
the
,
this
decreasing
shortage.—V.
is showing
corporation
154, p.
of
because
operating
Total
oper.
'Net
Net
'
-
-
>
-
-
1940
1941
Years Ended Dec. 31—
Operating
revenues
-
$96,962,499 $80,701,923
69,105.057 62,391,444
-
Operating expenses
-
income
income
$23,167,875 $13,846,889
—-
railway operating income
Income
from
and
invest,
5,551,493
$8,133,477
than
other
sources
5,713,412
$17,616,381
—
>>.,
441,629
$18,352,966
-—
and other
$8,575,107
13,708,383
14,179,271
'—$4,644,583
*$5,604,164
charges...—....—-——...
from
Net Income
.
736,584
income
Interest
23,085,513
>•*,
$9,414,657
*
29,803
40,588
1,264,572
186,353,274
for
the
corresponding
7.60%.-r-V. 155,
or
all sources—
•Deficit.
200,515*363
1941,i an
week
in
1831.
p.
directors
have
declared
dividend
a
of
$3
per-share
the
on
participating preferred stock, payable June 15 to holders of
recprd
May 26.
This compares with $4 per share paid on Dec.
18, last, "arid
$3 on June 10, 1941.—V. 150,
p. 3198.
>>
1,450,313
1—> $7,141,194
with
14,162,089,
.>■■'
>'>•>>,!■
v.'.
' ■>'■
'
.Mio'v
Confederation Amusements, Ltd.—$3 Pref. Dividend—
■
The
$8,405,766 *' $9,444,460
charges
income
Federal
tional
———
$7,994,147
for
Federal
income
and
Connecticut Railway & Lighting Co,
Period End. Mar. 31—
Revenue
income
Act
and
Of
1941.
excess
No
profits
excess
provision
taxes
Operating
revenues—
been
made
be
may
for
levied
Oper. exps.
addi¬
under
$1,055,454
> 672,277
$131,611
(incl. taxes)
Other
Three Months
Ended Mar. 31
—
1942
,
1941
for
Total
computed
based
at
upon
estimated
an
total
profit
the
Ben
cost
for the quarter
was
I
322,573
351,808
■
$214,103
$151,460
..
..
> $667,396
> T
$434,107
of
88,312
to
84,724
345,341
331,290
$125,791
surplus
$66,736
$322,055
$102,817
'Figures restated for comparative purposes.
Note—No provision
154,
>
■•, .-
•
is considered necessary for Federal excess profits
1831.
p.
-
of
products
consist
which,
which
$785,915
85,062
income
tax.—V.
affected by
moving certain departments intq the new plant, of con¬
verting departments from peacetime to war production, and of
training
supervisors and employees to the extreme degree of precision
required
in the company's products.
He pointed out that the company's war
for
$989,969
78,340
—™—.
reservations
Balance
rates
F. Hopkins said that profit
414,^
v-
$236,522
for
approxiately
midway between 1941
Revenue Act. rates and those proposed for 1942
by the Treasury Dept.
to the House Ways and Means Committee.
Pres.
$37I,i'60
417,693
$292,443
deductions—
income
net
«
is
provision
2,533,^2
$572,276
■«
charges and provision of $389,000 in 1942 and $171,542 in
is
$2,904,312
.
3,117,625
104,911 >
103,611
income
inc.
Net
Federal taxes.
and
Total
1941
$1.65
Note—Tax
$3,689,901
"
$543,217
—
•After all
income—Net
Gross
profit *—-—
$209,232
Earnings per common share—•
$0.53
'
a
Cleveland Graphite Bronze Co.—Earnings—.
-♦Net
rr}
1942—12 Mos.—*1941
$803,888
866,622
$188,832
has
which
f
-Earnings-
1942—3 Mos.—*1941
Federal Revenue Act of 1942.—V,
155, p. 1118.
1942
transportation operation
Total
27,638,453
profits taxes for the
three months ended March
31, 1942, has been made on the basis of the
—-
—
Hire for equip.—debit balance, and rents for use
of joint tracks, yards and terminal facilities
Net
compared
increase of
"f.
>
Railway operating income——
$21,997,212 $12,742,248
use of joint tracks,
yards and ter¬
minal facilities
:—
1,170,663
1,104,640
Rents from
Total
as
1941
$8,365,177
—4
—
'
—
"
$36,003,630 $32,500,170
exps./ maint., taxes and deprec.-—
interest
Net
5,568,229
5,860,230
_____________
____
1942
f
Chicago, Rock Island & Pacific Ry. (& Subs.)—Annual
■Taxes
A
weekly kilowatt-hour
output of electric energy of subsidiaries of
this corporation, adjusted to show
general business conditions of terri¬
tory served for the week ended May 7, 1942, amounted to
(& Subs.)—Earns.
revenues
Note—Provision
Report—
The
non-operating revenues—„
Gross
Commonwealth & Southern Corp.—Weekly Output—
;
,
operating revenue's-
Total
rubber
the
,
12 Months Ended Mar. 31—
a
automobiles
of private
1261.
use
'
Cleveland Electric Illuminating: Co.
Total
Business
53.7,159,085 526,086,393
primarily
after
should
the
be
of
war,
parts
for
great
a
peacetime
important
an
aircraft
addition
and
to
its
The
engines—
anticipated and
normal
company
plants
diesel
is
use
'
.
Consolidated Edison Co. of New York, Incof
its
May
on
12
announced
for the
system
500,000
week
automotive
kwh.,
that production of the electric
ending May 10 amounted to T42,-
week
1941, an increase of
of
compared
Output—
with
140,900,000
1.1%.—V.
kwh.
155, p.
for
the
corresponding
1831.
<,ivr.
business.
H
N.
Edward
Chairman,
Brown,
to
referring
the
company's
the reorganization proceeding states:
When the ICC on Oct. 31, 1940, announced its
status
in
plan of reorganiza¬
maximum capitalization for the reorganized com¬
the parties to the proceeding filed various objec¬
thereto, as contemplated by the statute. These objections were
Dec. 30, 1940.
The Commission took them under consideration,
tion,
prescribing
a
pany of $351,180,912,
tions
'filed
in
and
1941,
August,
announced
supplemental
a
report
and
modified
under date of July 31, 1941, which it certified to the Court for
approval. In the meantime, the trustees on June 1, 1941, had paid
,;the $4,500,000 they
had borrowed on trustees' certificates In 1936,
using for this purpose the cash derived from earnings.
The plan, as modified by the order of July 31, increased the pro¬
posed capitalization to $368,127,410, which is still a reduction of about
$83,000,000 in the existing capitalization, and is much too low to make
provision for the stockholders.
Moreover, in the modified plan, the
Commission advanced the "effective date" from Jan. 1, 1941, as fixed
plan
According to present schedules, the company is expected to step up
production each month until it attains an annual volume many times
its pre-war peak, requiring several times as
many employees as were
on the payroll last
year.
The character of the company's work permits
the employment
Consolidated
The
of
agreed to furnish the company with more than $7,000,000 of machinery
and
equipment,- on which the company will pay a rental for the
duration, based on sales.—V. 155, p. 1505.
plan, to Jan. 1, 1942; the effect of which is to add
,$12,804,000 to the amount of claims provable in the bankruptcy pro¬
ceeding, being the amount of one year's interest accruals on the out¬
standing bonds.
•.
'
•
'
•
•
•"
As of the effective date of the Commission's plan, Jan. 1, 1942, the
the
original
debt was approximately $323,000,000. There was
interest in default when the bankruptcy proceedings were instituted,
interest liability at that time being accrued interest since the
■last previous interest payment dates.' The accumulated interest from
the
beginning
approximately
>'
proceedings
of the bankruptcy
$108,000,000.
of
March
until Jan.
>
1, 1942,
>>■••
•
in
letter
Rehearing
looked
is demonstrated by th^ income account for 1941. On gross rev¬
enues
of $96,962,498, the properties produced a net income, before
interest, of $18,149,929, which was after paying $1,700,301 in operat¬
and $96,476 in additional payroll taxes resulting from the
increase applicable to the last four months of the year. It is
the point to say that these increased earnings are the result
war boom; because
the gross revenues have not yet. reached the
expenses
beside
level
ten
the
of
selves
of 1931 ($99,069,563), which in them¬
$134,619,438 average gross revenue for the
revenues
gross
far
were
the
below
ending in 1930. '
;•■<>.■>>
,<
on the plan were held by the
years
13
to
17,
1941,
>
Chicago
I
,
District
Hearings
Oct.
Court
of
The plan was opposed by all parties,
refunding bondholders' group of institutional
inclusive.
except the first and
investors, the Choctaw,
Oklahoma
and
Gulf
committee
and
the
claim
a
that
provisions
Chero-Cola
the
Harrison
Jones,
the
1146. •
Co.,
the
of
named
Chancellor
1923
a
had
Executice
155,
directors
common
stock,
1830, 1307;
V.
declared
have
of
$1.50
per
May 20.
$1.50 per share on
B.
Hill,
holders
June
President,
Colonial
of
1958,
1,
due Feb.
"The
share
the
on
May 26, 1941.—V. 152, p. 3339.
1,
letter
a
Utilities
Corp
Colonial
and
1942,
in
dated
first
Utilities,
May
8,
Completed—
addressed
lien secured
Inc.,
collateral
trust
to
the
bonds
5Va%
due
6 %
bonds
states:
the mergers,
re¬
capitalization and financing by certain subsidiary companies of Colonial
Utilities Corp. as outlined in the plan of reorganization dated as of
July 1,
and
1941
the
details in
(see
final
155,
v.
p. 259), have now been completed,
complete the reorganization are now
required to
steps
being taken.
"Accordingly,
the new capital stock of Colonial Utilities Corp.,, as
reorganized, issuable under the plan of reorganization will be ready
for delivery on May 11.
"Under
Delaware:
and
that
about $45,000,000 has been expended in
to
the
property
the
since
institution
additions and better¬
of
the
bankruptcy
pro¬
ceedings.
At
conclusion
the
of
Circuit
the
the
fixed
and
hearing
time
Court
of
for
the court took the matter under
filing briefs. Shortly thereafter,
Appeals
for
the
Circuit
Tenth
in
the
Western Pacific reorganization proceedings, and Circuit Court of Appeals
lor the Seventh Circuit in the Chicago, Milwaukee, St. Paul & Pacific
proceedings,
of
reversed
reorganization
Courts
vmade
of
orders
certified
by
the lower
the
courts
Commission
approving the plans
in those cases, the
of Appeal in both cases holding that the Commission had not
adequate findings to justify its orders.
Applications for cer¬
tiorari have been made in both
Court,
and
these proceedings
to the U. S. Supreme ;'
its is hardly to be expected that the court can pass upon
the Rock Island case until after the Supreme Court has decided the
questions presented to it in the Western Pacific and Milwaukee cases,
Condensed Balance Sheet, Dec. 31
1941
1940
;■.■•> •■■'•'•'' '■.■>>A,>•>■ $
$ >>'/
Investments in road, equipment, etc.—
503,421,398 500,079,245
Cash
——^
16,848,913
9,310,962:
Special deposits
924,392
1,419,842
bills
car
receivable™
service balances,
;____
Net balances receiv. from
agents and conductors
Miscellaneous
Material
Interest
accounts
and
and
dividends
current
___'
Deferred
assets
assets
receivable—
in advance
_
the
plan
U.
and
S.
_
735,693
2,104,093
7.286,914
11,370
16,647
20,289
66,773
•'*/' 48,385
2,659,440
62,500
49,754
2,821,782
2,354,027
537,159,085 526,086,393
the
District
order
of
confirmation
for
Court
the
and
dated
District
of
with
December
(i)
the June and December 1,v 1939,
and
1940, stamped coupons and (ii) unpaid June 1,
1,
tal
stock
(no
7 shares of capi¬
of Colonial Utilities Corp. (as reorganized).
"(b) the holders of Colonial Utilities, Inc., collateral trust 6% bonds,
due Feb.
1, 1942, will receive in exchange for and satisfaction of
principal and all interest claims on each $100 principal amount of
bonds
par)
surrendered
with
attached
coupons
.shares
of
ganized)
(if
the Feb.
bonds
stock
capital
1,
were
(no
par)
1936,
issued
and
subsequent appurtenant
with
coupons
of Colonial Utilities
attached):
Corp.
(as
2
reor¬
therefore,
requested to deliver promptly their
bonds with the appropriate coupons, or^ forward them by registered
mail to Registrar
& Transfer Co., Histf-ibuting agent, 15 Exchange
are,
biHhe
letter of transmittal which
should be signed and filled in as provided therein, whereupon they will
receive the shares of the new capital stock, upon the basis set forth
above."—V. 155, p. 693.
Gross
Columbia
The
June
on
directors
the
5
The
June
p.
present
to
March
on
13
May
class
holders
6,
System, Inc.—30-Cent Div.—
Broadcasting
A
declared
and
class
of record May
B
22.
dividend of 30 cents per share
stock of $2.50 par value, payable
a
A similar
distribution
and
6
was
made
last.
following payments were made during the year
Sept.
5,
45
cents
each,
and
Dec.
5,
65
1941:
March 7,
cents.—V.
155,
1597.
The
Sell Debentures—
application with the Securities and
Exchange Commission in which it proposes to dispose of, and Columbia
Oil &
Gasoline Corp.,
a
subsidiary of Columbia Gas, proposes to
corporation
has
filed
an
846,593
$39,195,'9?8
$43,103,465
22,518,863
•
20,940,150
4,607,959
3,869,0J3
7,184,912
•_
6,200,23.7
3,791,731
$8,186,528
463,548
660,190
J
and
$9,255,279
amortization
$8,846,718
2,472,732
2,345,310
bonds.™
on
deductions
Net
income
Preferred
81,164
dividends
Common dividends
Earnings
for
the
rates
tax
of
imposed.
and
the
tomers
common
on
The
increase
taxes
247c
to
caused
than
half
more
volume
of
by
with
comparison
31%
of
company's
the
usage
three
Electricity sold (kilowatt-hours):
in
\
$946,098
$4.41
the
the
the
higher
Federal
total
electric
major
previous
tabulation:
1,106,597
$4.64
from
resulted
the
following
4,202,629
-
in
change from
Sales—The
increased
in
4,202,629
$1,219,837
year
the
corporations
on
$6,255,324
.
share
per
Two-thirds
246,084
$6,701,383
1,278,917
___..______™_____™____--™_
business
st.
cus¬
by
the
*1940
239,563,388
(incl.
of
shown
are
1941
Residential
Commercial
in', 1941
classifications
year
tax
income
increase.
-
and
highway lighting)
and utilities)
(incl. railroads
221,218,025
-Total
Electric customers
of
at end
the
of
327,253,832
287,046,248
1,501,352,491
1,250,149,593
2,068,169,711
Industrial
1,758,413,866
1 298,617
313,307
year
1940
figures previously reported have been reclassi¬
fied to conform to rate schedule changes.
The total consumption of
electricity in 1941 was more than double
that in 1935; and the increase of the 1941 volume over that of 1940
was
greater than
Purchased
39%,
of
chased,
1941
-
prior year of your company's history.
Pennsylvania
power requirements.
Of the amount pur¬
kilowatt-hours were received from the plants, of
Water
&
Power
less than in
Sales—The
or
electric
588,891,000
Corp.—40%
Gas
in any
Power—Company purchased 899,620,300 kilowatt-hours,
its
1941
Co.
1940.
and
Safe
Harbor
•
<
of
sales
gas
the
and
Water
Power
•
number
of
customers
served, with comparative figures for 1940, were as follows:
Gas Sold (cubic feet):
8,726,118,900
Commercial
(incl.
street
lighting)-
Industrial
Total
Gas
customers
♦Certain
at
of
to
Cash
of
1940
conform
to
year
figures
rate
previously
schedule
•
reported
and
current
Deferred
Total
:
161,656,994
3,643,436
1
dividends
and
Investment
been.pjre-
S.j*
—
funds
.———
Temporary cash investments
rents and notes receivable
Interest
have
•
working
Accounts,
Materials
2,381,530",300
changes.
plant
and
Special deposits
Other
1,956,378,700
Consolidated Balance Sheet, Dec. 31, 1941
Assets—
Utility
end
the
8,919,869;300
2,004,144,500
2,950,210,700
13,680,474,100 13,257,778,300
244,518
233/720
-
classified
*194$
1941
Residential
receivable
supplies.™
—
1,562,795
2,499,785
6,154,976
100,587
5,154,619
Prepayments
Columbia Gas & Electric Corp.—To
•
9,428,372
;
777,959
revenues
revenues—
income
.;
on
operating
1940
$28,920,963
9,662,672
.
"Bondholders
>>
;
$32,662,834
income
•Certain
1941, and subsequent appurtenant coupons attached:
6,377
954,596
.
:___
Rents and insurance
premiums paid
Other unadjusted debits
;
830,458
16,018
_
—
Total
581,078
7,836,921
receivable
Other
>
2,777,293
receivable.
supplies-
Rents
317
—„
debit—
the
of
of
surrendered
June
—
and
Traffic and
terms
1942,
Place, Jersey City, N. J., accompanied
Assets—
Loans
the
14,
"(a) the holders of Colonial Utilities Corp. first lien secured 5V2%
bonds, due June 1, 1958, will receive in exchange for and satisfaction
of principal and all interest claims on each $100
principal amount of
bonds
the
advisement,
.however,
March
Co.'.of
;
1941
—
Operating income
Other
Electric
steps necessary to be taken with reference to
Power
■
revenues
operating
Balance
Colonial Utilities Corp.—Reorganization
A.
account
on
>
and
■'
•
—
Other
par
no
Light
' '
revenues,.'
Operating expensesDepreciation
!
dividend
a
$1,000,000
154,
value, payable May 26 to holders of record
This compares with $3 per share paid on Oct. 1, last, and
Re¬
ments
Total
Interest
The
Electric
Taxes
p.
of
"over¬
'
•
-,
operating
operating
Steam heating
•
.
Committee.—V.
Gas
Calendar Years—
Gas
between
contract
•
Electric
predecessor to the Nehi
as
1
•
...
'
p.
Finance
Corporation.
All
the foregoing factors were
brought to the attention of the court, and, in addition, it was shown
to the court that the properties are in excellent physical condition,
construction
:
for
Vice-President, has been elected Chairman of the
succeeding R. W. Woodruff, who has been re-elected
board of directors,
Chairman of
depression the average earnings available for interest exceeded $20,The inaccuracy of the Commission's estimate of earning
a
and
on
certain
Chairman of Board—
000,000.
of
asked
was
inadvertently"
Coca-Cola
power
wage
dismissed the plea
Colonial Ice Co.—$1.50 Common Dividend—
mately $11,000,000 in spite of the fact that for ten years prior to the
ing
Del., May 8,
Corp;
1941,
22,
Harrington at Wilmington,
is
the Commission apparently
based its action upon
its estimates of normal earning power.
The
Commission
estimated
that, on a gross
revenue
of $100,000,000 a
normal year would produce earnings available for interest of approxi¬
stated
As
Company has been denied rehearing in a suit to
the Nehi Corp. from the use of the word "Cola."
Chancellor
injunction April 1.
principal amount of
the only
W.
instalment
Mexico agreed to pay for the corporatipn's
All payments have been promptly made on the
155, p. 1752.
T-
Bait.—Annual Report—
Coca-Cola
restrain
W.
/
seventh
$8,500,000
dates.—V.
scheduled
Coca-Cola Co.—Denied Rehearing—
The
the
properties.
Consolidated
,
"no
of
total
a
ftum
Payment
May 13 announced that it had received from the
on
Government
Mexican oil
•its
in
corporation
Mexican
Receives
Corp*
Mexican Government—.
;>
of
large numbers of women in its expanding wartime
President Hopkins said.
Defense Plant Corporation has
production,
Oil
140,423
and
and
debits
accrued
fund
assets-.
accounts
64,198
7,288,038
2,246,653
190,512,504
THE COMMERCIAL
1918
Liabilities—
Capital
Accounts
from
.•
•
.
stock
Matured
debt
Deterred
185,421
accrued
liabilities—
1,053,256
credits
929,100
Reserve
for
Reserve
for
depreciation and amortization of other prop.—
Reserve
for
uncollectible
Miscellaneous
of
utility
plant
22,279,776
-
—
Total
Continental
The
directors
of 25
of
cents
record
cents
»:in
declared
of
dividend
a
15
cents
share
per
payable June 15 to holders of record May
with 10 cents per share paid on Jan. 10, last.
declared
share
second quarter
a
May
25.
An
paid
on
March
dividend
interim
1942,
16,
for
and
;
reduce
the
Federal
the
interim
business
due
dividend,
to
number of
the
pending
determination
Government,
of
of tin
use
effect
the
be
made
will
depend
on
'•'can be converted to
this
year," Mr. Hartlieb stated.—V.
155,
p.
and other
the uncertainty of taxes
to which our facilities
great bearing on profits
—
Operating
Other
Total
7
—
(less
property
$377,611
$199,574
34,182
taxes
income
on
175,929
—
income
60,542
$154,484
21,861
7 :
Preferred dividends paid———
Common dividends paid—
$104,850
The
dividends
time
of
199
104,651
Cash
~YY
hand
on
and
in
banks
Marketable
securities—at
Receivables
other
Investments
v;
.Plant
and
25,111
of
equipment—Depreciated
Prepaid
Debt
67,313
3,546,347
160,058
X
!
$7,036,131
Notes
contracts
interest
$559,418
425,000
213,683
59,369
4,709
4,625
L
Accrued
payable—Others
payable
county, State
Debentures—Annual
Federal taxes.
and
Notes
it
Total
oper.
"Total
oper.
Paid-in
surplus
Earned
6,901
surplus
4
793,612
•
-
Petrie,
manufacturing division,
short illness.—V.
a
died suddenliy in
155, p. 1675.
Sales
be
<
May 8 took
last,
payments
Charles
E.
McManus,
Jr.,
has
had been Assistant Secretary and
Cost
this issue,
.
,,
Period End. Mar. 31—
Operating revenues..
operat'g
and
affiliate
railroad
to
of
care
in
the
.
,
-
Vice-President.
1942—Month—1941
$1,730,713
not
$6,421,462.
$453,540
32,770
deductions—
$6,345,497
\
14,864
X 129,412
Net
operating income
inc.
$484,169
$1,785,751
150,169
596,106
'
$292,873
estimated
income
tax
excess
$334,001
rate
and
of
40%
surtax,
$132,280
$1,527,298
been
top
a
of
6,195
86,903
,
"
$2,296,529
5,250,268
2,210,443
2,008,333
$537,856
$304,261
'1939
329 Y;
$539,966
,
f
,
income
'
;
$102,779
$138,475
$1,614,201
42,531
39,854
488,956
$60,248
$98,621
$1,125,245
29,164
349,975
♦Of
349,972
$1,593,842
paid
p.
Net
Pref.
income
div.
requirements
Note—Income charges of $16,737 for March,
$304,928
$290,622
319,853
284,419
$52,317
7,451
3,486
$27,960
$55,802
$226,682
4,558
-
V
750,000
'
the
12
months
connection
poses
with
ended
lease
of, comparison.
March
from
In
31,
1941,
Portland
1942
RR.
for
and $200,848
additions
have
been
such-appropriations
to
reserves
removed
are
for
being
for
in
pur¬
made
1941
l}§
$269,662
226,339
190,043
$77,159.
$79,018
' 47,591
■;
$29,568
.
:
"7
■
to
47,536
.
$32,081
.
23,855
23,844
$5,713
jY'$8,238
dividends
the
'
'•
on preferred
earnings aris-
Eastern Minnesota
-Y'Y.'".'.7. Y-'Y-' Y/' '
7,
May
1942, the System inputs of client oper¬
Ebasco Services, Inc., which are subsidiaries of
Light Co., Electric Power & Light Corp. and
compared with the corresponding week
.
•
Thousands of Kilowatt-Hours
■. 7 • •
■. •
7\%- — Increase —
1942
1941
Amount
%
145,384
139,559
5,825
4.2
77,152 / 67,883
9,269
13.7
106,994
89,387
17,607
19-7
7/;'
Light Corp
&
,
•.
449
YY'
'
Samuel
$22,536
The
/
taxes,
$0.05
<
$9,866,439
Co.—Stockholder
Share
&
[ -y-:
Seeks
Stay
-'.V
holder of 9,000 common shares of company, filed suit
May 13 to enjoin the Securities and Exchange Com¬
Court
from
its
enforcing
complaint
rule,
prohibiting
registered
holding
$0.10
Act
is related,
U-42,
as
com¬
the
1119.
laws
had
no
the
in
on
of
■>.
.j
Utility
known
in the open market out of earned surplus, nor do
State.
The plaintiff maintains that the SEC
York
authority to adopt the questioned rule under the powers vested
Commission
Dec.
31;
1941,
by
the
with
1935 Act.
earned surplus of
an
$63,116,391, including
the company notified the SEC that it wished to
purchase $5,000,000 of its preferred stock, according to the complaint.
In
February,
1942,. the SEC authorized the company to purchase
$2,000,000 worth of the stock, reserving jurisdiction as to the remain$24,000,000
Detroit Paper Products Corp.—Suspended from Deal¬
ings—
.:v
\
New
of
does not prohibit holding companies from purchas¬
ing their own stock
less discounts, returns, allowances,
excess profits taxes.—V. 155,
that Section 12-C of the Public
1935, to which the rule in question,
out
points
Holding Company
tlncludes
The
Committee on
Listing of the New York Curb Exchange has
suspended'dealings in the o!4;$l par-value common stock of corporation-.
1942—4 Mos.—1941
$3,703,119 $13,532,410
panies or their subsidiaries from redeeming any security of which they
are the issuers without authority of the SEC.
$46,296
$0.40 Y Y
$4,566,814
-
'
Bond
Okin,
Federal
mission
207
$168,824
1942—Month—1941
30—
-
Electric
in
~~9"300
$238,082
-
155, p. 1509.
of SEC Rule U-42—
~
4~975
Light Co.—
do not include the system inputs of any companies
both periods;—V. 155, p. 1833.
*
'
*
53~300
service parts,
State sales
,
1942'
7 $303,498
Edison Brothers Stores, Inc.—April Sales—
Sales
—V.
238,306
$20,509
6,570
16,371
trucks and
and
&
period End. Apr.
;
,
1941,
new
Federal
487,098
.
$7,839
The above figures
$1,106,744
29,164
deductions—
unpaid
available
Power & Light Co
Power
not appearing in
2,426
$220,113-
:
2,853
Earns, per com.
Gross
of
National Power &
,
'
Income
23,844
* /
$7,462
'. $288,196
667 Y
2,110
$2,922,527
-
——
and
Y7;'"./.Y Y;;, ', ■ Y'7/ ';■•
/ 7.;,
Operating subsidiaries of—
Electric
$2,514,704
ended
Power
.
American
$5,788,124
571,791
period
share—
23,855
<
Wisconsin Hydro-Electric Co.,
National Power & Light Co.,, as
during 1941 were as follows;
•'
/Y,.- -v. ,(7; /
•'
.
1940
$2,350,736
for
.
(including interest)
accumulated
of
companies
...
'
profit
1941"
>
Services, Inc.—Weekly Output—
week
.
'
Net
.
83,235
-~-Y-—-------Y-- Y/ >
the. subsidiary,
the
ating
155, p. 1598.
1941
$2,353,589"
112,304
;
•'$31,683
---------------——-
——————————
Ebasco
Y
„
reserve
on
85,058
' Y"
,
subsidiary deductions
For
Co.—Earnings—
1942
.Y-YY:
Contingent
paid
YY, $31,317
/;
.
from its operations are not
Corp.—V. 155, p. 1509.
ing
for
used
—
1942
taxes'———_
—"—.—
Income
Y shares of
75%
$2,922,198
—
was
.
.f> $116,375 .7/ $114,918
>
Y; yNotes—Because
$1,399,153
provided
bracket
18,263,917
profit
of
'■
„*
—
Net- income
$1,481,538
6,097
Gross
Total
$2,004,289
605,136
$21,186,115
sales
1.: A like amount
,Gross revenues, (including other income)—_—Y
Total operating expenses and taxes
88,481
;
$1,189,646
has
and
profits tax.—V.
Other income
3,669,638
$96,682
(net).
6%
Div.
of
each
$1,915,808
tl,349,136
Non-operat.
in
earnings
American
$5,151,176
4,894,164
issue
3 Mos. Ended Mar. 31—
"
5,351,092;: 4,429,689
$442,580
149,708
expenses
Interest
321,260
the
Ry.—Accumulated
dividend of $1.50 per share on account
cumulative first preferred stock, series A,
a
Y Consolidated Income;Aecount (Including Subsidiaries)
7
v
>
.
.
$7,007,431
1,261,408;
1942—12 Mos.—1941
$584,191
on
declared
Net income
7
Selling, gen. and admin,
He
636.
a
Street
Massachusetts
/Total deductions'(Including"Interest) I—-——i
income
was
$1,656,339
sales——
on
$10,121,411.—V,. 155,
;Total parent company.deducts, (Incl. interest)
$469,305
an
total,
$1,209,380;
:^y V-'Y7}YvY<:';vYY 'v Y'-' /r-Y;:Y/f^-Y. \;"
Net ."earnings-
1942—12 Mos.—1941
$409,811
1942
$108,082;
reserves,
prior preferred stock ($20 par), $606,415; coni$2,000,448; capital surplus, $2,427,427; earned
31," 1938,
Total operating expenses and
Co.—Earnings—
(net)_
normal
of
Total
elected
par),
Dec.
3 Mos. End. Mar, 31—
.Gross
earnings statement,
-
operating
| /Eastern Minnesota Power Corp.—Earnings—
the
i.
taken
$195,305;
etc:,
board
course
net
-
-
•
Assistant Treasurer.—V. 155, p.
487,509
last,year
/'*• '•
'7
the, preceding 14 quarters.
Arrearages
May 15 will amount to $46.50 per share.—V. 155, p.. 1833.
.7
* ,r"
trucks
expenses
taxes
the
of
1,485,949
sales
Profit
Cumberland County Power & Light Co.—Earnings—
Total
that
$1,895,760
Profit
,
due
deduc-
income
Gross
while
were made: April 30 and Aug. 12,
been
months
1942—3 Mos.—1941
income
inc.
•Gross
YYY-'
...New Vice-President—
four
Diamond T Motor Car
SO'cents. 1
and Dec. 22,
in
this
on
:
.
on
that
and
\
estimated for Federal
no
distribution of 25 cents per share was made
a
during 1941 the following
25 .cents each;
attention
-
'
•payable June 15 to holders of record June
which
$5,449,625
action on the dividend which would
ordinarily be declared at this time on the common stock.
On March 25,
on
called
He
in costs and expenses
Y>;::'"r'■ Y;Y;:
//
another
taxes---
inc.
Gross
Manager of the
on May 8, after
Cincinnati
.
($10
since
Eastern
voluntary .readjustment could
handling of the 1943 maturity.: Y '
said
398,983
Crown Cork & Seal Co., Inc.—Omits Common Div.—
The directors
under
first
Quarter End. March 31—
;
the problem
facilitate
revs
Federal
General
Act,
will
5%
conv.
stock
of accumulations
,
bondholders a fair and equitable plan forThe annual report also said that revival of
Coal Co.,
oper.
Net
and
taxes
other
-
Vice-President
met.
-Y;
bonds, due Dec. 1,'1953, $1,546,850; 5-year 4%
1943, $875,000; other long-term debt, $100,000;
The directors have
:
to
revs.,
Note—In
I.
be
•'
Power
(The) Crosley Corp.—Obituary—
Robert
study
to
would
Net
1,357,271
$7,036,131
1003.
154, p.
would
annual report that a committee of the
*$37,554
U. S. Treasury notes, $250,000;
taxes,
1,
1509, 599.
is faced with a $50 million
give stockholders any definite informa¬
maturity
1941
present
Total
-
382,275
1,662,558
Total
'mon
1932).
the
rev.
and
tions
Total
—V.
20,
Period End. Mar. 31—
1,077,908
—.
-
the company
_—
$103,087
payable, $379,142; current maturities of longFederal and Canadian income taxes, $598,360;
5%
Dec.
cumulative
Y'YX
Dividend-
on
37,000
$166,624.
for depreciation included
in 1942.
$75,000;
due
notes,
p.
could not
10,279
1,077,908
482,275
shares)
'■<
•"
$10,121,411."
interest;
mortgage
surplus
Delaware Power & Light
1,153
subsidiaries
first
.
Y
total,
debt,
'accrued
287,859
58,763
in
'*
«
.
Balance
56,721
(24,986
1119.
term
"
since
wholly-owned affiliate of the parent
company, had an estimated net income of $242,000 in the first four
months of this year compared with a loss of $80,000 in the same
months of last year.—V. 155, p. 1832.
3,936
(482,275 shares)
operations
from
No Action
—
incurred.
is
35,744
stock
Dec.
on
Chandler
Hudson
80,000
stock
surplus
'235,000
taxes
-----1-----------
has
that
maturity.-
months
31,868
Minority interest
$545,539;
Nuelle
payable
Common
income
$15,948
19,416
34,086
Liabilities—Accounts
profits tax in the first four months of this year,
probably will be in future months. If so, he said, the liability for
1,040,000
Preferred
profit
$5,672,368;
;
excess
80,000
income
,
Mr.
to
960,000
Deferred
)
t
(
$239,999; accounts payable, $108,220; accrued
liability, $720,000; capital stock ($5 par),.
$608,000.
fund
Mortgages
total,
$16,215;
etc.,
expenses,
the
The
75,000
512,656
depreciation, ,$5,756,114),
and
RR.
1, 1954
sinking
debentures due Sept.
plant
and
reserves
_
fact
appointed
payable—Others
3Va.%
for
unlisted
For
when
payable—Banks
Accrued
market
reserve
taxes.
excess
,
Notes and
for Fed.
$174,478
2,676
31,715.
20,906
29,336
—
accounts and
rnotes receivable, less reserves, $959,329; inventories, inch logging oper¬
ations), $2,129,076; prepaid insurance, etc., $92,478; cash on deposit
with trustee for first mortgage bonds, $19,882; cash on deposit for
'retirement of prior preferred stock, $179,121; miscellaneous investments,
less reserve, $175,588;; plant, property, timberlands, etc., less reserves,
said the company's railroad; subsidiary, the Delaware &
Corp., had an estimated net income for the first four
of 1942 of $1,466,000, after provision for $1,000,000 for Federal
was
$5,449,625
$745,283
£
payable
less
investments,
gas
.
YY'.Condensed Consolidated Balance Sheet, March 31, 1942
Nuelle
subject
75,885
Liabilities—
Accounts
and
prepaid
bonds,, at
and
receivable,
oil
depletion
the
would
undertaken,
Mr.
but
Y Total
stock
1676.
"
,.\-
income
117,340
59,429
4
Y $0.32
months
1
expenses
expense
the
how
the
Hudson
68,407
1
be
V
2,960,161
84,046
routes
of
so-called
the
153,030
Y;
trade
meeting
25,111
154,177
current
been
company
632,199
59,976
than
Dairy herd
Cost
971,075
fixed
to
as
had
$379,104
cost
$3,183;
receivable,
Nuelle said he
Mr.
1941
$611,946
Inventories
$0.39 r.
1941
$288,361;
periods was
during such
has been made, as it is
$451,865
—
debt—
long-term
on
amounts to $87,331
on
his statement in
1,116,745
1,218,296
Accounts, notes and contracts receivable
net
deductions,
•Loss..
..
carefully considered the matter of
the company's stock, but decided not to pay-any at- this
in view
tion
1942
accounts
managers
share—was made
Comparative Consolidated Balance Sheet, March 31
Assets—
31,
Dec.
above
effective
Acts
excess profits tax
such tax will be due.—V. 155, p.
profit from operations———
Net
•
May 1, -1943, J. H. Nuelle, President, told stockholders
the annual meeting held on May 12.
(The last payment—$1.50 per
at
40
Inc
America,
of
on
maturity
154,444
Minority interest in subsidiary
Creameries
$111,579
Vr
the
lor
tax
Revenue
—
Provision
48,634
$170,768
com.
,
board
21,861
•Net income allocated to—
•V"
Net
-
1933, $1,848,870; total, $5,291,755.—V. 155, p.
47,786
—
withs the
sales,"——----————
Interest
Faces Large Maturity—
c
*Net
30,
2.860,249
$9,987,817
36,683
57,737
corporate
for
reserves
.
income
Federal
for
Assets—Cash, $643,570;
ii':ir;.
Delaware & Hudson Co.
Fed., State and territorial
'
.
of
Other
"
inventories,
bonds,
accounts
>2,599,494
$9,936,934
—
—
Eastern Corp. (& Subs.)—Earnings—
:Y ;Y
1942 Y/.' :
('7
8,958
0 57,996
.
47,369
:
,
—
of outstdg.
Sheet,
/taxes, $72,175; deferred
$1,756,950; capital surplus,
27,562
_
'4,577
79,888
—
and
notes
and
.292,645
•
1941
Y
1940
L—$2,796,422
$1,999,711. $1,305,941
2,182,938 .; 1,709,656
1,167,801
/Selling,: geni and adm. expenses-—
161,618 ;
115,577
v; L22,19J2
$263,849
!
$227,644;
stocks
108,639
——
3 Months Ended March 31—
$259,273
$360,078
;
Y-Y
abandoned
;
listed
$40,197;
$4,600;
items,
$12,427,789 $12,555,421
—
—
—
no
Net sales
Cost
—__—
$5,291,755.
$172,012
47,198
income
deductions
Provision for normal
117,099
.
Balance
June
Income
on
——J——1-$12,536,"428, $12,848,066
Note—The provision
2,571,170
$346,365
-
share
per
" "V ;
1942
' 1941—$38,512,376 $34,610,410
and taxes—
26,084,587
22.054,989
No provision for
estimated
-$376,372
200,376
6,877
Net profit
Earn, per sh. for 351,390 shs.
/corporate
31,245
profit
income
cents
k 9,202
-
$362,639
—
doubtful
Y;
————-—
accordance
in
periods.
7
124
12,961 '
;
—
Liabilities—Bank loans,
v/y
$367,045
—
:
28—"
Note—Provision
$547,845
Y
leaseholds surrendered,
$4,711,555;
.
37'/2
revenue deductions
Income
income
made
362,476
Dr352
wells, dry holes, etc.—
$2,743,182
3,154,459
31
469,930
oil—.
r
1941
....
of crude
Undeveloped
(& Subs.)—Earnings—
1942
of
Y7YYI
income deductions
Net
'.
income
Assets—Cash,
depreciation
March
■
Depreciation
$3,500,824
including
:V
Total
,
2,561
paid
Depletion
.Cost of goods sold and other operating expenses
.
Ended
produced..
profit from operations.
Interest
1675.
sales
Months
oil
:—;x/Y-—
quotations,
Net
crude
•
.
$560,454
Gross
1832.
3 Months Ended Mar. 31—
of
sales
Net
negotiations.
The company has been curtailing operations
at the plant for the
past three years, and has operated only a filling station and warehouse
"for: the metropolitan New York area at this site in recent months.
YY
-
Other income
purchase price remains open for further
Creameries of America, Inc.
Three
Account,
inventory
175,895
'
•
sales
—
:—V. 155, p.
dividend
a
operating revenue——
Gross
-
y
Navy Department has acquired the plant of this company at
Edgewater, N. J.
The Government paid the company $1,100,000, but
full
the
value, payable June 10 to holders of record
with 50 cents per share paid in preceding
par
no
compares
Total -other income
$749,843
—
Total
The
the
on
to
1
profits tax liability is indicated for the year
,
barrels
Net
.
7,698
Y.Y
:
—.
Oper. and admin, expenses, prov. for taxes ,etc.
Corn Products Refining Co.—Sells Plant to Navy—
*V
50,000
...
1941.
net
in
Increase
the availability of steel
work, all will have a
war
This
22.
Operating revenues
a
products, particularly in the general line industrial contain¬
can
of
oil
Crude
is no longer permitted.
Although substitute containers have
been developed for many of these products, the extent to which substi¬
materials for the purpose.
This, together with
to apply to
current earnings and the extent
year
—
31,
Income
ers field,
tutions
Dec.
Number
on
for
the
for
Note—No Federal excess
ended
many
containers
dividend of 25 cents per share
a
June
declared
have
stock,
common
Total operating
709,492
—
(estimated)—;
Dividends paid
Gas
the
(estimated)-
taxes
taxes
income
Net
present uncertainties.
rulings of
declared
payable
Years End. Feb.
34,518
income
income
State
Hartlieb,
so
1942.
Under the plan
been changed into one
155, p. 1119,
with 50 cents per share paid on
quarters.—V. 136, p. 1892.
$1,551,551
—
charges
$321,183; deprec. $177,365; undevel. leaseholds
surrend. $66,138; dry holes, explor, work, etc., $144,805—
quarter of 50
was
disbursed
amount
stock,
directors
The
the
$1,515,930
35,622
—
income
Gross
quarter
"Under
income
March 24,
stock have
on
common
;.Y Dun & Bradstreet, Inc.—Dividend Decreased— vY.;,
580,038
...—
profit .from operations.
Income
This
indeterminate factors which may affect the company's earnings for the
current
calendar year that the
directors considered it advisable to
lf
-
$2,096,028
-"———-——
old
value common stock.—V.
holders of record May 15. «This
March 3, last.
During 1941
the following payments were made:
March 4, June 2 and Sept. 2, 50
.cents each, and Dec. 1, a year-end of 75 cents.—V. 155, p. 736.
interim dividend
first
the
like
a
:—
Michigan
of
$1 par
directors have
compares
—1,838,210.
produced..————
of
shares
new
Dictaphone Corp.—Smaller Distribution—
The
■'"YY'Y
31, 1941
Dec.
of
common
Depletion,
during the year 1941.
In commenting on the current dividend declaration, J. F,
President, pointed out that at the present time there were
certificate of amend-
a
Duquesne Light Co.—Earnings—
the common stock, payable June 15 to holders
on
oil
crude
Non-operating
Co., Inc.—Quarterly Div. Reduced—
May 13
on
per
was
each
Can
the filing of
change in capitalization provided by the plan of
was confirmed by the U. S. District Court for the
the
District
five
share
May
the
on
29.
of
Year Ended
revenue
Net
stock,
compares
the receipt of notice of
of
effecting
Eastern
j
of
manager
Operating and administrative expenses
190,512,504
„
1832.
The directors have
common
factory
Account,
Income
Barrels
13,327,101
Consolidated Gold Dredging, Ltd.—Larger Dividend—
.
Director—
Corp.—Manufacturing
general
Jansen,
:
875,097
/
—
4~-
_
p.
in view
a
\ ment
Darby Petroleum Corp.—Statement of Income—
180,000
r
-
Y;'—V. 155,
N.
1,132,054
—
Total
$200,000
266,658
accounts
reserves
Contributions in aid of construction
Surplus
of
VY Y-
every
172,048
depreciation
rate
the
the airplane division of
this corporation, has been appointed director of manufacturing, it is
announced.
John Lee,
J. P. Davey and W. A. Schanne have been
appointed assistant directors of manufacturing.
Frank A. Maley, director of purchasing for the division,
has been
placed in charge of purchasing, priorities and traffic, and E. P. Riexinger has been appointed assistant director.—V. 155, p. 1752.
3,037,933
...
__
and
at
XYY;
Curtiss-Wright
P.
1,376,108
:
current
stock
common
1,891,202
interest
accrued
for
1508.
reorganization which
75,050,000
,
declared
accrued
Interest
earnings available
year.—V. 155/ p.
Monday, May 18, 1942
157,037
payable
Dividends
Other
.
68,599,712
capital
on
Long-term
Taxes
.■•■;
stock
Premium
& FINANCIAL CHRONICLE
lng
in
cash,
$3,000,000,i.according to .the -.complpint.-rtV* ,J&5,
p. ,1833.
t(
Volume 155
;
•'
'
Net
1942 " V
*$191,777
prolit//-///>—/--/•
lEarnings-per1 share-^S,;"'.? ' ^'$0.15
I
')'•>%
of
1940 •„
($432,916 : Vt$521,424
tax.
come
:W $0.42
ton
'
this
'
/,": Operating revenues.—.
Oper.
rev.
deductions
434,592
■..,7
'$268,543
$296,610
'2,050
!/z
costs
/
income—.
May 15.
A similar
Nov.
on
distribution
1, 1941.—V*
1942—3 Mos.—1941
revenues—
$3,031,966
Total oper. exps., main-.
Drl,981
^
„,
■
454,284
Operating
Other
$2,249,090
$70.62
made
Pref.
stk.
div.
$253,608
/
income
income
Gross
;
$2,327,601
$555,483
1
Bal.
for
i;(:: $562,068
•/
.
,
on
Balance
$226,563
$244,976
$2,145,511
/■
$2,427,829
$2,145,383
720,222
Dr487
income
♦Without
$2,425,339
$2,165,605
313,812
$335,632
$1,032,036
66,561
66,581
266,244
266,244
1,083,569 7 1,268,871
and
June
10,
50
share
the
on
June
20
also
$6
each,
and
declared
Sept.
the
cumulative
holders of
to
\
par
cents
The directors
,
usual
Dec.
75
10.
at
5.—V.
155,
The
ICC
$1.70
market
basis
Under
Stock.—V.
10
shares
132, p.
of
the
for
stock
new
share
one
3332."
'
*
of
the
meeting
for
the
May 25
$4,000,000
May
notes
at
At
i-
pian,
convertible preferred
on
proposal
a
of
28
to
lJ/2%
the
Assurance
the
store
would
get
—
thereafter.
$2,000,000
existing
*
May 28,
1942.—V. 155, p. 189.,
ICC
The
$739,231
on
May
first
7
authorized
consolidated
the
to
company
4% bonds,
bonds, series A,
general mortgage 4Va%. income
ferred stock, series A (or scrip
not
issue
series
and
Florida Power Corp.
exceeding
$443,196
B;
of
$443,196
of
/
pre¬
Total
As
7
,
Operating
The
!
The t statements
March
31,
1942,
of
the
$3,411.17 per $1,000 of
convertible
for
assets
assumed
-
the
of
as
three
.
that
debentures and
-months
date
annual
per
$1,000
stock
(preference
assumed
vertible preferred
debentures
stock
of Dec.
as
$37.76
share of
per
Total
$3
Feb.
1,
1947,
of
exchanged for
Union
and
$42.59
share
per
of
$3
Potash
a
Co.
became
which
effective
with
of
additional
stock
of
$100,000 50%
Southeastern
Dorp, has contracted
a
at
&
Chemical
Co.
which
convertible
have
April 6,
To Sell
The
.
and
due
the
to
its
with the U. S.
$900,000
in
to
the
Corp.'
%i.
-
for
'.Corp.
subscribed
Maritime Commission
securities, of
extended
$2,500,000
in
proportion
subscription
Corp.'s
additional
to
to
for
Corp.'s
$2,175,000.
General
American
to
Southeastern
Ship-
stock
original
of
First
v
holdings.
connection
-V.
.
Months Ended March
1942
Int.
refund,
Taxes
•
paid
at
r..
$100,025
of 4
•
over
/
•-
to-
*
35,091
' T"
"
41,875
for
in
%
$30,096
$19,590
$29,380
hand-
"
:.
194,777
sub.
&
assoc.
1941
Gross
*
_23~072
27.402
expenses
$35,950 '
and taxes/
26.667
outstanding-—
*
defense
and
taxes-
v
-
25,701
-
(10
Surplus /__—!/-/-!_!/
cost
30,601
.212.814
.
;
Co.
1941
carried
$465,342
Excess of cost of Investment in First York Corp.'
over amount carried herein——/-—'of
invest, in
appreciation
Reinsurance
of
in
General.
Corp.
$525,320
•
'"..-J v'
.
155, p.
1834.
1942'1941
'
•
$364,768
21,011
—
-
//J 16,604
$434,102
-
$381,372
57,357
62,989
235,743
103,460
$214,923
$0.12
'.'$0.22
/
share ($1 par)
Shareholdings
have
of
declared
——-
-
Corp.—Dividend—
dividend
a
the
on
$6
cumulative
share
of
stock
common
each
for
$6
cumulative
series)
convertible
and on March 1,
preferred
246,681
Steel
"
1942.—-V.
1, June 1,
155,
Castings
3 Mos. End. Mar. 31—
after
$93,821
$94,878
26
30
Amortlz.
1942
of
Profit
;>/
// ../m
x"
100,889
1939
1940
$602,557 /
255,005
296,198/;
•A"y'
$880,281
$306,359
5,592
4,838
$885,873
$311,197
202,372
*234,207
interest
sale
on
lition
Mos.—1941'
Add.
$1,173,026
$939,221
$839,096
16,735
196,519
"1,796
t$66,067
-'
!•
.' *■
*234,207
-V.
114,411
—
Federal
income
for
and
taxes—
Fed.
995,000
169,591
excess
2,585,000 //
tax
for Fed.
prov.
Net
$65,275
/
——
<
362,661
35,000
profit
$765,327
♦Includes
V.
155,
amortizatlo
1311.
p.
//
tax
contingency
1,579
333,930
:
*234,207
Pa.,
——
for
Prov.
2,963,335
$937,642
29,633
($67,863
,
demo-
of Chester,
plants
Prov.
$3,900,978
i*.
32,967
and
300,428
■
$4,531,299
16,401
.
$232,565
'
$1,174,017
/ ;
Pr991,
$94,908
'/7./:.
-Earnings—
1941
$1,135,286
305,793
facil.
spec,
Other income
before
$93,846'
/
Sept. 1 and Dec. 1, last
1835.
p.
Corp.
$4,937,981
expenses-
Depreciation
395,414
3,570,768
$6
(optional
stock
held.
so
paid on March
was
$165,167
1942—12
of
share
preferred stock (optional stock dividend series)
of the holder, in cash at the rate of $1.50
option
of
dividend
like amount
Profit
35,262
$4,744,785
con¬
(optional stock dividend series), payable June 1
18, as follows:
In common stock at the rate
share
one
the
at
General
$560,582
-j-!-/
$60,880
12,742
,
;
/
$576,560
of
1
($414,685
$76,990
$447,076
discount
debt
and
(Loss.—
expense.
A
General Telephone Corp.—Gain in Phones— 7
:
211,142
income
The
- /—/_/_
$48,137
.
$48,539
..
To
on
filed
27, issued
regarding
itself
gain of 3,466 companyas compared with a
1941.
The gain far
the first four months of
1942
totals 11,494, or 1.98%, as compared
with
a
gain of 16,275 telephones, or 3.06%
for the corresponding
period of 1941.
Merge Metropolitan &
the
-•
•
—
.
the
telephones
month
for
the
of
April,
month
to become effective
: v,
Metropolitan Investing
now
$4,307,500
of
of
.
.
phones,
order permitting
following:
4,659
subsidiaries
The
an
for
telephones
gain of
a
1942,
April,
,
have in operation 590,653 company-owned
tele¬
|t was announced.—V., 155, p. 1835.
General Time Instruments
Corp.
and
all its liabilities.
(d)
Earn, for First
Quarter—
(& Subs.)—Earns.—
1941
1940
1939
$3,635,396
1942
$2,874,713
$2,353,145
2,927,972
2,440,619
2,197,191
$434,094
2>r4,427
$155,954
5,045
.
of, NY
PA
NJ
Utilities
Co.,
at
Net
Public
Service
for
105,
Corp.
sales—$4,068,738
Oper.. costs and
Net
r.
National
$213,500 of Metropolitan Edison Corp. secured consolidated
./funding gold bonds, 6%..series, due 1961, at 95%
- $204,960. '" ;
oper.
Other
'.■]
net
/
3,158,790
$707,424
2,939
6,363
exp.-
and
,
•
$912,888
$713,787
$429,666
$160,999
(659,780
income—
for Fed.
,
$909,948
income
inc., net of
Cons,
Prov.
exps.-
V ♦286,555
78,761
"35,723
$427,232
/ $350,905
$125,276
Can.
of face value,
Res.
for
re-
-/(e) -$396,600^ of
Mohawk
Valley
6%
refunding
consolidated
for
or
gold
/bonds, due 1991, at 103% of face value, or for $408,498.
-. .' NY
PA NJ Utilities Co. proposes to acquire such securities in con'/sideration of the assumption by it of all the liabilities of General Fi¬
/
-;i. y
•
income
7
7—J
taxes
contingencies--
Consol.
net
income—
/
90,000
$163,108
,
•'
nance
Dr2,321,949
April
corporation reports for its subsidiaries
owned
$365,418
$642,577
1678.;
n.
Corp.
which
are
(with the exception of such liabilities of General Finance
Corp. owing to NY PA NJ Utilities Co., which are to be cancelled by
the latter, and with the exception of current and accrued liabilities,
DT787,221
DT309,642 / Br247,505
General"
DT 473
to
be
satisfied
Finance-Corp.)
out
and
of
available
the
cash,
"liquidation
on
dissolution
■
♦Including $112,750 provision for Federal and Canadian excess profits
taxes,
t Including $310,502 provision for Federal and Canadian .excess
profits
taxes
taxes
based
and
on
PA NJ Utilities Co. of indebtedness payable by General Finance
-./Corp. to it in an amount equal to the excess of the purchase price over
801,094
1,001,261
/.the liability assumed. .; The liability to be assumed by NY PA NJ
'//Utilities Co. includes a 3% promissory demand note dated Oct. 1, 1938,
$11,154,071 $13,798,013
>in the face amount of $1,024,338, payable to Associated Utilities Corp.,
•;;* "
a subsidiary
of Associated Gas & Electric Corp., on which $500,000 is
•presently owing.
After the transfer of the assets proposed to be sold
1120.
Georgia & Florida RR.—Earnings—
by
7-.:,NY
$150,000 provision for estimated additional federal
Department's recommendation for increased
Treasury
taxes.—V. 155, p.
of
satisfaction•
the
and
"
Total
502.
Z
JDr789,069
1
Br823
Z——
invests,
each
stock
1,902,586
;
$341,559
371,522
income
income
into
(b)
7 !
*
International Capi¬
—
basis
cash
Corp.—Earnings—
taxes
convertible
or
State
Co.,. a subsidiary
$5,654,250/>,:•;>7>
/
/ 479,129
gen.
herein—-——/-—/-
of Canada, Ltd.
finance companies.—V.
the
to
contrast
in
the
/
{& Subs.)- ♦Earnings—
1942- -Month—1941
—
Edison
>>■»
10.480.038
10,092,184
of
mkt. sec. owned Drl,228,524
of invests, in Am. General Corp.
amount
cost
•V
479.129
cents par)_^'/--_a__/_-_/___
deprec,. (net)
and
f.-O-
3,200,000; >-3,350.000
p.
for
"
year,
Z
secured gold debentures, 5% series, due 1978, at 25%' of face value, or for $1,076,875; >
$35,522
27,917 x ;(c) $10,928,000 of certificates of deposit for National Public Service
7: Corp. secured gold debentures, 5% series, due 1978, at 25% of face
<•%.
'value, or for $2,732,000;
'
/
'
/
/BIooo
»
>150,000
stock ($1 par)— /_—/_/_-/_!-__/—
stock
due
required
production
$4,547,699
deductions-^.-//
assume
8,757,027
(secured)
income
capital,
inventories
,
common
' "
proposes to merge
thereby acquire all the assets of the company and
After the merger The General Finance Corp.
proposes to sell the following securities to NY PA NJ Utilities Co. 7
(a) 53,850 shares of $6 cumulative preferred stock of Metropolitan
/
/
4,443,272
/_7,127,433
cos._
3,767,255
.,-204,303
155,
'•
379,912
The General Finance-Corp.
Co.
21,146
Preferred
—v.
1
$2,427,906
(including interest)
—
declarations
-
$574,641^ /
$210,835,
<'
debentures
on
for- Federal
Unrealized
•
$507,986
General FinanceCorp.
Liquidate— i ■ 4
$
Reserve for contingencies-/-/———_
Debentures assumed by the corporation//-/!'—
Co.
''-y
-
r
tal
v.
-
>
-1942
delivered
.
payable, accrued
payable to bank
-
Federal
44/1,000
held;
so
deductions
i / The SEC
.'
sold—"not
of
the
$141,002
for
cumulative
$26,880
187,240
securities
Accrued interest
Excess of
of
Leon,
$128,074
«•-
1,062
-
over
•.
3,750.
Depreciation —.!>/!/_!
x
Excess of
:
—!zjz/zz——
income—net——
—V.155.
securities
Liabilities—
Unrealized
**-s*.l'*
1 f
1942
deductions
Operating
4.%
:$llfi^4i07il'$l3,798,013
./ Common
and
facilities
and
Cooperative,
1 •
,
'■
Total;,
Reservc
and
$504,236
revenues
taxes
Income
iAccounts, dividends and interest receivable—_
General market securities, at market-----—/
Accounts
—
i' Gross, income
depreciation
r
+>> 1,380/
1,346
••
rec.
income
profits
Balance Sheet, March 31
Cash-in banks and on
of
automobile
7,354
Assets—
Note
Securities
Gadsden
"•
41.875
Z
'
involved fn, pro¬
requiring the engagement of
working
$413,091
1120.
rev.
and
>
31,993
41,875
1,093
surplus—i—''
Investments
the
lines
of
income
155, p.
Operating.
1939
Without $lvlng( effect to result- of secuHty .transactions.
Accounts
with
distribution
counties
income
Oper.
taxes
dividends
4'i
the
exps.'car-
oper.
ried
Preferred
"
-*
1, Period End; Mar/31—
$109,165
744
Income
7.■'*
income
/•*; Net
'Excess
—
Electric
in
31
1940
27,424
source.—_
in
contingencies
company's
turnover
turnover
directors
Bond
deben-
to
and
tureholders
.
electric
inepme (net)i
Other
24,296
indebt
bank
on
application
an
sell
Galveston-Houston
1.;./
40,625
debentures.
on
in
the
holders of record May
Loss
-
'
Interest
to
situated
be
to
$97,936
1941/;,
:
.
$96,854
—
expenses' —
Operating
Talquin
Gross income:
Net
The
.
1940.
The stock of First York Corp. continues
by Equity Corp. and 87% by American General Corp.
income
"F
Total
Corp. have
Earnings for Three
Total
j
-
Other
•
York
of
13%
to
filed
has
properties,
2,249,767
.quotations on April 15, 1942, pursuant to an order by the Securities'
Exchange Commission dated April 15, 1942, exempting such trans¬
action from the provisions of Section 17 (a)
of the Investment Com¬
held
The
Properties—
Operating
3
'and
Act
involved, it was reported.
the
materials
war
of
vertible preferred stock
line of bank credit in
a
their
the previous period.
complete
'
pany
is
reflects
deductions
General
Florida Power Corn, preferred stocks amounted to >s
on
being
In
service fee
automobile
materials the company has made
of credit for $150,000,000 at
line
a
$641,044
.
$2,754,003
Southeastern
common
to
$610,015
—
12 Mos. End. Mar. 31-^-
for $325,000 and American General
therewith Equity Corp. and
sold to First York Corp. general market
securities in the respective amounts of $112,082 and $931,277 at market
Equity
the corporation :?rom
war
for
————;
Net profit
Earnings per
647,128
Shipbuilding
.
Corp.
40,966
Florida Public Service Co.—Earnlngs—
Shipbuilding
Corp. during .the term of the above-mentioned contract.———
.*
To
facilitate
the
above
transactions
Equity Corp.
and American
General
No
portion
rapid
Provision
A
of the class B
Southeastern
arranged for
be
banks
income
Other
Inc.,
a
rural
cooperative i
"association organized under the laws of Florida.—V. 155, p. 1120. /
*
1942.
of the class A stock and 50%
Shipbuilding
investment
of
amount
its
arrangement
slowness
the
Other
$1,288,172
Commission
other
Florida,
shipyard how under construction at Savannah, Ga., and to build
that shipyard, on a fee basis, 36 vessels of the "Liberty" type.
In£
addition
/■/•" -■: •'>
:>
Operating profit
$1,247,206
corporation
Exchange
since
debentures,
merger
on
•building Corp. First York Corp.
change-over of
all sales to dealers through
to
7
Also .in February of 1941 First York Corp. acquired for $400,000, all
of the outstanding $4.50 cumulative dividend preferred stock and. for
an
total, $2,019,895.—V. 155,
//
2,936,970
__
$222,125 for the current period and $222,125 for
7
he
f^eb. continuing corporation under
1, 1947 (subordinated) of Internationalwith Union& Potash & Chem¬ "
Minerals Chemical Corp.,
ical
3,511,061
__
deductions
income
<VNote—Dividends
con¬
31.
like amount of 3%e%
a
credit
relative
$4,184,177
income
Net Income
i.
in
February of 1942 First York Corp. (13% of stock owned by Equity
Corp.) acquired $1,502,000 4>/2% convertible debentures (subordinated)
been
.
V. 154, p. 907,
In
due
the
with
substantial
a
1941
to "■
liquidation, $50 per sharer.
indicated net assets equivalent to $3,737.23
report for 1941
of
$1,716,643;
Corp.—Arranges Credit of $150,000,-
3 Months Ended March 31—•
income
Gross
ended
equivalent
■
preferred
The
■••*
net
quotations,
Statements—
corporation
indicate
•
x-x"-:
ducing large quantities of
■
?7
j/i;
income
.
...
of
low interest rates.
Subs.)— Earnings—
operating revenue deductions and taxes
Total other
.
•
from
1942
revenues
/ ;>
transactions,
at-market
.
Motors
result
a
Gross
,
Equity Corp.—March 31
(&
$12,053
'
12 Mos. End. Mar. 31—
Operating
for any or all of such bonds or pre¬
ferred stock) to be exchanged for New York & Greenwood Lake Ry. Co.
prior lien bonds.—V. 155, p. 1833.
v.
-
.•
.
General Printing Ink
mortgage
$13,239
■
,
for
arrangements
would have at Bankers Trust Co. a
the store to borrow up to $2,000,000 at any lime
27, 1947, any such loan to be on promissory
time
same
144
,
company, at net underlying asset
Corp,/(cost
$1,254,094),
$51,912;
total,
production to the manufacture of
May
1943, and at l3/4%
3,982
;
750
associated
General
-
Equ'table
through the sale to the Insurance company of that amount of sinking
fund debentures, to be dated April 1,
1942, and due Oct. 1, 1954, and
bearing an interest rate of 3V*%,
The intended date of sale is on or
about
•
security
securities,
Equities
000—
a
Erie RR.—Issuance of Securities—
.
of
1834.^7:7/ 7/7;7;7 x/7';7':/./
stock will vote
Bloommgdale Bros.,
f.nanc'ng through Equitable Life
up to May,
2,981
4,713
Loan
Sub.
—
Bloonunguale
call permuting
from
on
of
Unity
7
Inq<
Society and Bankers Trust Co.
April 30 authorized the company to issue not exceeding
$92,705 of capital stock (par $10) in exchange for an equal amount
of existing common stock,
consisting of 927.05 shares (par $100),-on "1
the
$15,981
Corp. over amount carried herein, $1,202,182;
Stores,
this company's 4>/»%
spec al
subsid.ary,
918,
p.
a
credit
'
$890,224
$1.55
Department
Federated
Holders of
cents each.
Erie & Michigan Railway & Navigation Co.—Stock—
z
$815,792
Planned—
quarterly dividend of $1.50 per
stock, no par value, payable
preferred
record June
and
20
V
results
p.
dividend of 50 cents per share on the
value, payable June 10 to holders of record ";
June
1/
A
similar distribution
was
made on March 10, last, while
during 1941 the following payments were made on this issue:
March 20
no
,.V
payable, accrued expenses and taxes, $7,881;
contingencies, $5,363; cumulative preferred stock, $6 divi¬
dend
series, without par value (29,285 shares), $1,463,250; class A
stock
($1 par), $100,000; common stock ($1 par), $950,229; surplus,
$2,130,376; unrealized depreciation (net) of General Market Securities
owned, Z)r$l,435,021; excess of cost of investment )n Utility Equities
The directors have declared a
•
participating stock,
,
1,803
Liabilities—Accounts
"/
sur-
$269,071'
4,327
1
3,565
Balance Sheet, March 31, 1942"
$2,019,895.
$254,037
$19,159
in
$11,541;-general
amount,
Light
earn,
2 041
$23,029
banks, $236,081 ^ account receivable for securities
(not delivered),1 $3,718; dividends receivable and interest
accrued,
reserve
to
$17,118
191
<
$24,775
;
3,425
effect to
giving
Assets—Cash
$1,156,488
Co.——
1940
$22,838
1,549
-V. Dr2,491
;•
j' Amt.
Empire Power Corp.—Participating Stock Dividend— 5
1
Fed.
plus after pref. divs.
per share on 524,•f "■ 903 shs. of com. stock
—V. 155, p. 1119,
$2,224,022
1677.
p.
divs.,
31
1941
522,752
241,440
.
March
$23,225
bonds———
on
in
the comparable figure
1942
-
Capital stock and sundry taxes
•/
1,102,040
$649,445
7
1941,
of
shown
As
date.
Management expenses
Corporate expenses
6,569,888
$320,628
•
& .Traction
103,579
divs.
com.
surplus
155,
that
stocks—
v
cash dividends
Total
sold
Net income
.
•
and
-V.
,103,579 I;.-;
8,632
at
31,
dividends.
Earnings for Three Months Ended
Interest earned
$9,520,469
>>/•:'/
.
;
'
.v
$849,931
deduct, (inc—
u Mtereat)
," 412,613
require-
8,632
accumulated
1942—12 Mos.—1941
221,440
7.77 6,605 7 7'
income——
-
Total inc.
„
Pref.
ments.
{
and
ended Dec.
investment in securities of
■/—
Net- -income
equivalent' to $68.56 per share
dividend series,
which is entitled
preferred share
per
*
31,
date
$6
share
per
'///V///
$2,740,214
33,230
stock,
report for the year
155, p. 824.
1,820,708
7,258,118
/;="-■.'-f■/——"//••'' '"'//
'
$115
that
;> *Excess of income over oper. exps.
.7/;; 46,200
$229,194
the
was
payable
was
6,022,220
inc. ? and A.'
; excess profits taxes—
V
$2,708,691
/
459,601
►,$262,424
$289,038
35,431-
to
at
preferred
by
account
Statement—
corporation for the three months ended March
assets
liquidation
.
$2,692,080 $10,505,540
*
tenance-^ndtaxes..zi/
;Total ; Fed.'-
$2,694,014
$2,605,822
7
101,869
V
7 54,401
;■/
72,721
7
$264,405
;r
*
m
m
$2,748,415
$2,679,543
4,138
$294,560
Dr5,521
,
Other
share on
preference stock,
per
.
'
opment
Operating
)';i\ '://•// V- '///
354,956
4,338,535
3,780,101,
.
Zv// and tax^s
$2
614% 1 cumulative
2, last, and
Period End. March 31—
$6,528,516
$7,018,078
$023,503
$731,202
>
the
record
March
on
of
net
cumulative
^Federal Light & Traction Co. (& Subs.)—Earnings-
1942—12 Mos.—1941
1942—Month—1941
issue
dividend
a
show
Income:
.
'
declared
Investment Corp.—-March 31
The statements of
•
>
El Paso Natural Gas Co,- (Del,) <& Subs.)—Earnings—/
."•! ," Period End. Mar. 31—
3968.'
p.
1942,
on
J
152,
contingencies
$50,000-for
taxes;
General
Extra
last year.—V.
■
$0.36/<
^/Federal Grain Ltd.—$2 Accumulated Dividend—
including $92,000 in anti¬
$0.35
•*/.
1919
stock,-.no par value, both payable June 1 to holders of record May 15.
distributions of $1 per share were made on Feb. 26 and June 2,
r"}
1939, V;
+$443,914
-
The directors have
arising out of , :
W After all charges including provision/for Federal in-v. of accumulations on
>.June 1 to holders of
1,237,500 shares capital stock.—V.. 155,:p., 1308.
,
increased
conditions.
war
:
!' 1941/.:
-
* After- $241,900 for Federal Income taxes,
cipation
THE COMMERCIAL & FINANCIAL CHRONICLE
rv
Subs.)— Earnings—
ElectroluX Corp.
Quarter Ended Mar. 31—
,
<
Number 4073
-
9 Days
Period—
Ended Apr. 30
7./
1942
revenue——//,$39,100
—V. 155, p. 1835.
.7,7.,:;-';: ;Operating
•
Glens Falls
1941
$33,440
—Jan. 1 to
1942
$577,560
Apr. 30—
1941 '
$430,676
/://:.//
(N. Y.) Insurance Co.—New Director—
s.
.
Faber, Coe & Gregg, Inc.—Extra Dividend—.
The
and
directors
the usual
have
declared
an
extra dividend-of
quarterly dividend of 50 cents
per
50
vby General Finance Corp. to NY PA NJ Utilities, The General Finance
share /•/Corp., as part of the program contemplated by the complementary
/•/applications and declarations, Will dissolve;—V. 155, p: 919. ' 7 :
the' common
cents
share on
per
Livingston T. Merchant of Morristown, N. J., has been elected a
filling a newly created place on the board.
He was a partner
Scudder, Stevens & Clark of New York City.
He is engaged now
director,
in
in work for "the" United States
Government.—'V. 149, pi 3717.
/-•
-
THE COMMERCIAL
1920
'
Gross
$1,230,414
1,005,533
:—.———
operating revenues
operating revenue deductions and taxes—
Total
$1,128,502
883,171
;
$198,692,650.
was
$2
—'
Operating income
income
Gross
\
(net)
income
——:
$245,331
2,484
2,503
j.r
$247,833
181,454
$227,365
179,285
—
——...
deductions—,
income
Total
$224,881
—
.—.—_
——
.
$48,080
$66,379
Note—Provision
for
Federal income
tax includes $10,943
in the
carrent period representing deficiencies asserted against the company
for prior years.—V, 155, p. 1120.
i"
7 / 7;.:.;. :/:/
Net
income
—
Great Atlantic & Pacific Tea
——.
Co.—Smaller Dividend—
the com¬
mon stock, no par value, payable June'l
to holders of record May 18.
A distribution of $2 per share was made on Feb. 20, last, while during
1941 the company paid the following dividends:
Feb. 15, $2.50, and
May 31, Aug. 30 and Dec, 1, $1.50 each.—V. 155, p. 696. :)>\;
7'777
The
declared a dividend of $1
have
directors
Great Lakes Engineering
stock,
This
the
paid on March 16, last. During
paid:
Feb. 1 and May 1, 15 cents
15 cents, and Dec. 23, 30 cents.—V. 154,
"...
.' / ■ 7
•';<£": ; '^
following dividends
431/
Ltd. (& Subs.)—Earnings—
Great Lakes Power Co.,
1941
Calendar Years—
Operating
revenues
.-
—
$566,693
——
———
$503,352
3,873
income
Other
$1,691,04.)
128,281
$4,357,515
101,405
$1,819,330
112,302
835,000
520,000
785,000
80,000
„
_■
income
Total
:
.__
:_
.
income
Federal
taxes
Federal excess profits taxes—
Provision
Net
for
contingencies.—
improvement in demand.
$2,136,110
Sales
Account for Calendar Years (Including Sub.)
Other
profit
Other income
$44,751,904
1,717,621
$7,677,725
-.r.
.
$29,946,121
-
-
$29,946,121
1,838,618
.
Interest and other charges
Federal
taxes—
income
—
$5,674,703
*
5,381,654
7,415,939
6,579,985
$821,636
$476,912
28,868
21,390
Drl,447
$850,505
$498,302
$291,605
440,000
152,000
63,400
150,000
50,000
(net).
income
—
taxes
"For
—
1940
1941
$7,056,897
1942
$8,237,576
and depreciation—
expenses
Shares
*
$2.47
464,511
Account
Income
"Special provision
$293,053
—
Net
Income
390,984
$6.01
share on 290,320 common shares.—
per
Profit
$44,393,978
357,926
/
$1,107,023
390,924
580,640
—
Quarter Ended March 31—
after allow, and discount
165,878,314 tl42,985,542
21,869,751
25,760,987
and general tax
.
"Depreciation, depletion, amortization, etc.—
Expense
:
Operating profit
$232,142,043 $198,692,650
income——
operating
dividends
dividends
Consolidated
-1940
1941
Gross
Earned
Costs,
'
500,000;
—
profit from operations
Common
Federal
4,186
income
operating
225,197
Preferred
Total
Net
$4,132,318
profit.
Operating
Other income
method had been continued.
60,646,600
Consolidated Income
1940
1941
$24,904,087
23,213,033
produced 67,445,000 barrels of crude oil in 1941 compared
barrels in 1940.
Humble's part of this production was
54,740,000 in 1941 and 49,074,000 in 1940.
On a daily basis the com¬
pany's part of the total production for 1941 was approximately 150,000
barrels
compared to 134,100 barrels for the preceding year.
The
additional
production was due to new development and a general
Company
Operating
$1,236,525
733,173
$1,393,385
826,692
-
Operating expenses and taxes—
Cost
Deductions
The most
important of these changes was the adoption of the "last-in, i"irst-out"
method of valuing inventories of crude oil and products.
This change
in
1941
resulted in net income being
$1,160,057 less than if the
1940
■
procedures
During the year certain changes were made in accounting
had a material effect on the financial statements.
were
Aug. 1, 90 cents; Nov. 1,
each:
p.
the
to holders of record June 8.
$10, payable June 15
of which $17,228,700
The total taxes for the year represent
an
increase of $4,520,000 over 1940.
This does not include gasoline
and other taxes of $6,300,000 collected from customers and employees
and remitted to governmental agencies.
Total taxes have more than
doubled during the past five years.
to
(Including Subsidiaries)
Account
allowances and discounts
$33,879,822
of goods sold, sell., admin, and gen. exps.
29,747,504
Sales, less returns,
charged to income account.
"first-in, first-out"
applied for 305,168
Years Ended Dec. 31—
which
Shares—
the listing of 11,843
notice of issuance,
total
V.
the
\
.
Income
official
on
making
/
Consolidated
and commissions.
wages,
paid or accrued in 1941 were $17,758,000,
Taxes
was
options,
of
exercise
shares.
common
par),
(no
it
as
salaries,
in
shares
common
the
upon
Stock Exchange has authorized
York
New
paid out in dividends.
For every dollar paid to the
stockholders in dividends, the company paid 99 cents in taxes and 31.32
with 20 cents per share
compares
1941
par
Works—Smaller Dividend—
dividend of 15 cents per share on
have declared a
directors
The
common
per share on
It reinvested
share.
a
income
Other
the company paid an annual dividend
in the business as much of its 1941 net
the fifth consecutive year
For
of
The
additional
.
of Additional
Corp.—Listing
Interchemical
sold. Gross operating
The comparable figure for 1940
$232,142,043.
the year was
for
income
1941
1942
'
volume of crude oil and products
increase in the
Co.—Earnings— ;7
Georgia Power & Light
12 Mos. End. Mar. 31—
Monday, May 18, 1942
& FINANCIAL CHRONICLE
profit
$260,505
$296,302
$228,205
—
290,320
290,320
290,320
—
$0.56
$0.68
$0.45
——-
stock——
common
Earnings
per
share—
profits taxes.
anticipated increases in Federal income and excess
'
income
Gross
$570,879
298,202
$507,225
301,613
Dividends
$272,677
-
*
_
Interest and other deductions—
$205,612
Surplus
Net
profit
$35,356,558
$28,107,503
17,975,680
17,975,680
$17,380,878
$3.93
—
-
——
$10,131,823
$3.13
:
—^
Consolidated Balance Sheet
,
7';v
Assets—
-
.
Cash
income
Net
<
,
Earn, per
31, 1941
Dec.
Sheet,
Balance
Consolidated
current
$13,550,773; investments,
$11,084;
(including $59,947 cash), $238,554; deferred charges,
plant,
Assets—Utility
assets
$188,666;
share.;
(30,000
stock
Liabilities—Common
shares
—
leases and retirements,
tIncludes Federal and
state income taxes. $No provision for Federal excess profits taxes was
banks and
in
hand, $21,768,780; U. S. Treasury
on
tax
and accounts receivaolle, $13,111,479; inven¬
tories, $36,386,607; investments and advances, $4,281,393; fixed assets:
(less—reserve for depreciation, depletion, and amortization of $195,797,448), $325,080,832; prepaid and preferred charges, $1,660,664; total,
$407,289,755.
Great Northern Paper
Co.—Earnings1941
$676,022
$0.68
1942
Quarters Ended Mar. 31—
after taxes
——
$425,880
share__,
—
$0.43
Note—Provision for estimated Federal income taxes, based upon
Net
profit
Earnings
per
1941,
of
Act
Revenue
$247,981.
was
The company
the
states that the
interim figures are preliminary and tentative, and are
subject to adjustment of 1942 Federal income tax rates, when known,
and to such adjustments as may be made in connection with the yearend
examination
by the
company's independent auditors.—V. 154,
first
quarter
_''■ ■;^
1264.
p.
Co.—New Directors, Etc.—
increase the board of directors from
Harry O/Warner and B. A. Oxnard
of Denver to the nfew seats.
I
The company by May 1 had contracted 271,000 acres to be planted
in sugar beets, an increase of about 40% over the restricted acreage
Great Western Sugar
oil and gas purchased, $10,042,836;
payable,
$4,386,357;
due to affiliated companies,
$472,098; purchase obligations and notes payable, due in 1942, $389,607;
loan from trustees of annuity trust, due in 1942, $629,036; reserve for/
accounts
and other taxes, $13,459,628; wages and miscel¬
laneous
accruals, $1,064,090; loans from trustees under declarations
of
trust
with respect to annuities, $5,591,953; loan
from Standard
Oil Co. of New Jersey, payable in annual installments of $7,000,000
income taxes
Federal
1943, interest at 2V2%, $35,000,000; notes payable to
27, 1943, $5,000,000; purchase obligations payable
1943
to
1955, $2,014,167;
deferred credits, $477,840; capital stock
(9,000,000 shares
no
par),
$175,000,000; capital surplus, $554,912;
earned
surplus, $153,481,965; capital stock held in treasury at cost
from
1,
July
Dec.
due
banks,
total, $407,289,755.—V. 155, p. 825.
112,160 shares), $274,734;
total, 75% had been planted prior lo
abundant precipitation in the territory which in the last half of April
exceeded five inches cumulatively in some areas.
This is the largest
acreage contracted by the company since 1933.—V. 152, p. 3655. »
last
contracted
the
Of
year.
the
75
follows: An initial of $1.25 on Feb. 25;
and Nov. 1.
'
May 1, 1942, totaled $8.20 per share.—V. 155, p. 1837,
each on June 25
cents
Green Mountain Power
of
account
—V.
155,
have
payable
value,
par
825.
p.
:
Total
revenues
„——-—■
Maintenance.
Depreciation
Federal
taxes
Net
oper.
...
taxes
2,264,350
2,547,793
1,118,683
——
rents
General and miscellaneous expenses
2,094,023
2,145,491
1,007,701
262,433
expenses
expenses
2,186,516
240,906
operating
Net
Federal
income
Federal
excess
■Other,.
1,227,791
profits
1,088,583
$6,745,840
revenues.
taxes_i—*
$6,072,823
992,977
1,170,996
_
835,777
taxes
•
1,638,583
1,600,088
$3,100,483
$3,473,764
taxes.—————VVV
"
$3,090,346
,
16,723
$3,500,452
11,388
.$208,752
$228,046.„ $3,107,069
amortization—
102,606 V/ 103,877
1,237,218
$3,511,850
$227,648
397
$211,579
revs
Other income-r-net——
..
Dr2,827
and
Int.
Balance
dividend
Preferred
Balance
no
-296^026
...
$3,523,606
249,493
L./_—_.
deductions
1,750.000
Earned
60,000
60,000
payable
610.577
594,843
1,504,216
3,064,947
1,504,216
3.018,301
——z——_ $20,627,892
$20,637,902
surplus
.
tLand, buildings, machinery
for depreciation of $4,762,199
In 1942 and $4,639,953 In 1941.—V, 155, p. 157.
and
by 290,320 no par shares.
equipment,
after deducting
reserve
International Products Corp.—25-Cent Common Div.—
The directors
common
stock,
V.
of 25 cents per share on the
have declared a dividend
no
value/ payable
par
June
1
of record
22, last year,—
holders
to
l and Dec.
A like amount was paid on May
May 15.
154, p. 1529.
declared a dividend of 50 cents per share on the
value, payable June 15. to holders of record
quarterly distributions
payment at this rate
March 15, 1942.—V. 151, p. 3089.
;
'
■■
Bank
The Export-Import
has authorized a
credit of up to
$25,-
to the corporation to acquire its outstanding debentures and
to permit it to
continue developing its operating properties in the
Western Hemisphere, it was announced May 7 by Jesse Jones, Federal
^000,000
Loan Administrator.
-
,
.
provides that the money advanced by the Gov¬
applied only up to but not more than 50% of
the face value of any debentures acquired, Mr. Jones explained.
:
The bank specifically reserves the right to limit the price to be paid
for the debentures and to suspend or cancel any unused part of the
credit on 10 days' notice, it was added.
.7
/
: ■
This marks the third credit extension by the Export-Import Bank
to I. T. & T., which operates 752,240 telephones in Latin America and
controls cable companies connecting the United States with Central and
South America.
In addition, the company maintains radio stations in
^strategic centers.
%•
77;%.;;
;
In 1938 the Export-Import Bank, Joining with five New York banks,
granted $10,000,000 of the total $15,000,000 loan involved.
Again in
December, 1940. it advanced up to $1,500,000 to the company to be
used to meet interest requirements.
;
•
: ,
The operating properties of the subsidiaries in South America bridge
that continent with a trans-Andian line from Buenos Aires to Santiago,
Chile, and connect Argentina with Uruguay with a line under the River
Plate to Montevideo.
By means of radio stations owned by subsidiaries,
connections are maintained with Brazil, Peru and the United States.
The: loan agreement
bank may be
.
ernment
.
income.
Net
Dividends
—-
——
stock
common
on
$2,719,489 ' $3,274,113
2,960,000
2,590,000
,»
...
'
balance
Income
-
par
having been made on
$3,015,515
$314,113
$129,489
-
Comparative Balance Sheet, Dec. 31
Previously the company made regular
cents per share on this issue, the last
75
of
stock,
1.
Income available for fixed charges
Interest
43,842
Pr84,968:
'
■
Corp.—Declares Smaller Dividend—/;
directors have
The
June
$1,653,125
^
'
*
7
584,967
$1,284,883
stock and surplus
for common
Hazeltine
'common
$2,238,093
$106,146 : 7 $124,169
$1,869,851
requirements—.
584,968
155, p. 1679.
—V.
; 1,273,757 :
.
operating income
Income (net)
Net
Other
(
Balance
-
1,705,536
1,850,000
requirements
Federal, etc., taxes...
Reserves
•;
2,540,087
Operating
_
—
—
income
Other
.
-
200,000
.
Capital surplus —z—w*—i—
1940
1941
*
expenses
Commercial
1942—Month—1941
1942—12 Mos.—1941
$973,275 .. $891,967 $12,204,091 $10,812,719
336,934
293,198 43,995,487
3,339,180
57,962 v? 53,683
601,561 i? 582.692 :
133,450
129,434
1,564,905
1,481,606
136,500
106,002; ;1,823,017
889,483
.'A 96,849
82,002.. 1,128,774
1,019,297
——
amortization
and
Depreciation
Operating
Operation
23,917
278,725
200,000
—
5,687
1,923,559
:
3Vi% Sinking fund debentures
Contract obligations
14,602
533.095
352,146
payable
,000 Credit— -;q\
$16,706,978 $14,836,049
revenues—.
maintenance
Current
;
*
.•
operating
Traffic
Gttif States Utilities Co.—Earnings—
period End. Mar. 31—
fund
Reserve for
1,436,063
477,301
commissions
liabilities
current
Sinking
and
6,515,400
International Telephone & Telegraph Corp.—$25,000,-
Statement for Calendar Years
Comparative Income
1
June
interest
Accrued
Other
$2,903,200
$2,903,200
6,515,400
1,243,265
17,593
—
liabilities
Accrued
Report—
Indiana Bell Telephone Co.—Annual
declared a dividend of $1.50 per
accumulations on the $6 cumulative preferred
directors
stock
stock
payable
Customers' deposits
Corp.—Accumulated Dividend
share on
stock, no
to holders of record May 20.
A similar
distribution was made in each of the 24 preceding quarters.
Accruals
on the preferred stock at March 2, 1942, amounted to- $4.50 per share.
The
592,297
Liabilities—
"Common
•-
1941 were as
in
Payments
and
26,653
dividend of 62V2 cents per share
':7 77V /
17, last.
made on March
was
a
661,952
5,958,097
225,001
$20,627,892 $20,637,902
—
Preferred
holders
to
Arrearages on
'
Total
cumulative convertible preferred stock, par $50, payable
of record May 19.
A distribution of 80 cents per
5%
15
share
7;
May 7 declared
directors on
The
June
6,978,643
210,001
631,961
assets
Prepaid expenses, etc
"Represented
Pref. Dividend—
Illinois-Iowa Power Co.—62^-Cent
on
—
asset-)
(J/ Total
<
'.f.Vb*
The stockholders have voted to
nine to 11 members and elected
—
—
3,798,742
3,430,986
7,554,655
650,796
23,643
5,935,886
Accounts
Liabilities—Accounts payable for
other
investments
Due from officers
notes
$5,000,000;
notes,
Miscellaneous
31, '42 Dec. 31,'41
$2,396,511
$2,189,965
—_
accounts
Intangible
31, 1941
Sheet, Dec.
Balance
Consolidated
Assets—Cash
preference
Mar.
-
,
—
receivable
Merchandise inventories
and
Notes
tFixed
<
$7
$2,050,000;
par),
no
stock (7,500 shares no par), $750,000; long-term debt,
$6,202,500; current liabilities (exclusive of $102,382 sinking fund pay¬
ments required in 1942), $485,808; deferred liabilities, $19,151; reserve
lor
depreciation, $2,503,365;
contributions in aid of construction,
$2,843; earned surplus, $1,975,409; total, $13,989,077.—V. 152, p. 2727.
-
"Includes surrendered
required.
total, $13,989,077.
i
——
Assets—
v "*
•
■
-
-
Cash
funds
^Working
.
receivable
Accounts
Material
_.
supplies——l—_
and
"
)
•
•
plant and investments—________
and special cash deposits
____.
Total
1941
'
v
1,488,241
692,143
the war began in
Since
1939 these properties have been cut
off from
equipment sources in Europe and are now supplied by a new
plant here., The loan will free corporate funds, it is believed, for main¬
tenance and expansion of these important operating companies.—V. 155, -
50,929
-1,849,976
.
their
206,528
222,469
-
;v:
1940
$54,752,103
£#/»*§.■: '58,504
573,755
._
._
'Prepaid accounts and deferred charges———.
:
•'
$57,945,103
_
<
247,241 V
*
247,507
P,,1601.
>
-
!
'
.
1
r
"
•;
„
Interstate Debenture Corp.—Debenture
.
Purchase Offer
'
Mackubin,
Co.—Accumulated Dividend—
Heywood-Wakefield
<
'
have
directors
The
dividend of
declared a
31
cents per
Total
share on
"account of accumulations on the 5% preferred B stock, par $25, pay¬
able June 1 to holders of record May 22, representing the
dividend
accrued but unpaid for the quarter ended May 31, 1940.
A similar
"distribution
was
March 2, last, while during 1941
cents each and one of 32
made on
paid three dividends of 31
155, p. 919).—V. 155, p.
pany
V.
the com-'
cents (see
$50,000,000 Debentures
Sold Privately—The company has sold at par an issue
of $50,000,000 serial debentures to a small group of life
insurance companies.
The debentures will bear interest
at various rates from 2.50% to 2.95% and will mature in
equal annual instalments of $5,000,000 beginning May 1,
1.953, the last maturity being May 1, 1962.
The proceeds of the issue are to be used to repay $40,000,000 of
short term debt of the company and to provide $10,000,000 for capital
expenditures as needed to carry out projects related to the war effort
;
Htrmble Oil & Refining Co.
and
for
working capital.
Upon the completion of this
constitute the only funded
will
1941
—
Annual
financing the new serial
debt of the company.
Report—The annual report for 1941 re¬
leased this week shows:
•
The
consolidated
$28,107,503
$3.13
a
for
share
debentures
net
1940.
reported
income
This
in
for
1941
was
$35,356,558
6,312,385
9,375,517
——1,639,264
Depreciation and amortization reserves—.—.;—
_.
compared
to
share as against
The ininwemPit in »arnings. states
of- prices and an
„
4,629,966
1,708,833
fund.*—1,616,904
Customers' deposits and adv.-billing for service
425,259
373,914
Accounts payable and current liabilities.—./—i ?
1,141,105 • - 1,005,317
Accrued liabilities not due__—....__;._^___L'_i - 3,429,997
2,379,979
Deferred credits and miscellaneous reserves.—
74,995 \hj 49,180
Unappropriated surplus
8,625,868
1,546,086
"On
———————$61,015,437 $57,319,143
Jan.
American
that
Inter
A
shares of capital stock were sold to
Telegraph Co. at par ($4,000,000) and the
40.000
1942.
15,
Telephone
&
used to retire an equivalent amount of advances
company.—V. 155, p. 89.
^
"
proceeds
were
City Baking Co., Ltd.—Bonds
have
interest.
been
Payment
Montreal, Toronto,
■
Called—
gold
and
will be made at the Canadian Bank of Commerce in
Vancouver and Ottawa, Canada.—V. 154, p. 1149.
called
for
since
Sales
Period Ended Feb. 28,
"Net
profit
"After
taxes
Corp.—Earnings—
Month
1942—
—
———
of
$363,000
period, ?respectively.—V. 155,
and
p.
$1,203,000
825.
for
$151,574
month
and
.
,
/
of February—start of the company's
20% greater than in the corresponding,
Regan P. Connally, President, stated at the annual
the
beginning
fiscal year—are about
current
last year/
meeting of stockholders.
:
Profits during the same period,
period
•
■
Mr. Connally continued, were slightly
allowance for taxes.
He added-that
price ceilings probably will have little effect on earnings this year but
may be a real problem in 1943.The companv is putting the ceilings
into effect in its various stores as fast as it can.
As far as this,
corporation is concerned, the reduction In prices resulting from the
freezing of prices will amount to only 1% or 2%, Mr. Connally said.
Questioned about inventories, Mr. Connally stated that they had
been increased quite a bit in the current fiscal year and currently are..
than
a
year
ago
before
they, were a year ago.
.
■ .
elected
two
new
directors—William Onasch and
both Vice Presidents of the company.—V, 155,
7, 7.
: 7
'
Stockholders
;
Benjamin W. Streifler,
p.
1838.
'
Intertype Corp.—25-Cent
International Machine Tool
Inc.—Sales, Etc.—
1942.
much higher than
A first mortgage 5V2% sinking fund
redemption as of July 1 at 101%
total of $97,000 of series
bonds
from
interest will be discontinued on July 1,
'
Interstate Department Stores,
7
:
better
Total
Legg to Co* announces that- Bondiby, Ltd., has advised
offer to purchase debentures of Interstate Debentures
the
60 and accrued
V. 143, p. 274.
: •
——"$37,000,000 $37,000,000
Tel. Co,__
Tel. &
Amer.
that
Corp. at
to trustee of pension
Notes sold
them
^
■
from
Advances
a
Harry Wiess, President, resulted from a higher level
(•-Liabilities—
Capital stock
;.
is equivalent to $3.93
1Q<10.
-.-to——$61,015,437 $57,319,143
—
$498,617
4-month
i f
Dividend—
.
■
7
declared a dividend of 25 cents per share
on
the common stock, payable June 15 to holders of record June 1.
A similar distribution was made on Feb. 16, last, as against 60 cents
on Nov.
10, 1941; 40 cents on June 14, 1941; 30 cents on Dec. 16, 1940,
and 20 cents on July 15, 1940.—V. 155, p. 1838/
,
:
•
The
4 Months
..
directors on May 12
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
He
>
Iowa Public Service
Co.—Earnings—
Total
that
reached
would
$5,469,933
4,005,617
operating revenues™
——$5,196,534
operating expenses and taxes———4,311,419
Total
replied
been
,>I.-;i.':1942 1/,'"/ 1941
12 Months Ended Mar. 31—
be
Mr.
Brown
earnings
//Other
from
told
Net earnings
Total
22,502
21,429
-
726,608
$781,009
$739,409
charges
income
1
—„
Note—Based
-
&
there are no Federal excess
profits taxes payable for the years 1940 and 1941.
Preliminary calcu¬
lations, based on information now available, indicate that no provision
lor
Federal
Iowa Southern Utilities Co. of
Period End. Feb. 28—
>
Gross
operat.
Operat.
maint-f
Fed.
&
Other
&
exp.
tState
inc.
taxes
Prov.
for
165,906
;
1,953,067
;. 29,000
312,750
563,897
480,000
$1,295,156
37,673
retirements
44,665
40,000
40,000
$115,166
$115,711
3,046
3,145
'
$750,482
$9,301,698
320,388
317,504
3,822,050
3,792.891
$439,980
$5,479,649
$5,155,365
170,052
$432,978
164,781
2,100,714
Additional
tax
$3,278,935
$3,638,885
tax__™_
Fed.
accrued
pation
tax
of
earnings,
'
.
Net
in
Interest
Int.
earnings
on
fund,
and
^Restated
and
for
of
discount,
taxes
represent
payable
on
,
V
tThe charges in lieu of State
the estimated amount (or esti-
ments
Iowa Southern
\
at 40%.—V. 155, p. 1837.
Definitive
4'/a%
delivery, at
the
debentures
have
Act. pi
Under
all
of
due Dec.
Bank
recently
&
accorded
hold
by
the
unsecured
The
stock
original
1>
1966, are
Co.
upon
available for
surrender of the
now
'
>
filed to the plan of reorganization
of the Public Utility Holding Company
(E)
„
.
new
would
(which
company
issue
to
other
security
and debentures
of
$1,745,000
to
first
acquire
mortgage
holders
and
of
Jacksonville,
stock,
common
1 '
"
" 1942
L
bottom
of
for
in
the
of
anticipation
Such additional
i
statements—V.
foregoing
Other
155,-
155,
$2,343,767
$1,285,549
For
de- .*;
: ?
64,601
*
Uuctions
82,793
$2,463,359
$1,888,254
Associated
Electric
and
Co.,
L.
1942—Month—1941
$24,140
$338,086
716,063
$408,951
8,166
$417,118
90,000
:
$98,969
Federal
income
tax
for
the
208
450
4,612
Co.
$7,508
$103,581
1,887
23,483
$5,621
y
$80,098
»'""j
-
Ti
" ■
Laclede
Laclede
over
than
more
a
Such
year.
part of the reorganization plan of the Laclede
a
the
Missouri
Laclede
operating
Power
S.
Commission
Sept.
on
P.
4,
the
of
salo
a
Gas
Liglit
^
1941.
is
&
subsidiaries
reorganization
of
of Missouri;
&
Light Co., and L.
Light Co.
This is a result of
Power
Gas
and
the
Securities
and
operating subsidiary of North American
Light Co. and The Laclede Gas Light Co.
of Ogden Corp.
Ogden Corp. is successor
an
Utilities
Power &
Light Corp, and under th«
plan approved by the SEC In July* 1939,
operating company subsidiaries
reorganization
property owned by it, Laeledor
Light Co. operates electric properties teased from The Laclede
and also a generating station leased from Granita City
Generating Co.
The properties owned by Laclede Power & Light Co.
&
leased
will
also
from Laclede Gas
the
assume
will
be
purchased
by Union Electric who
lease
from Granite City Generating Co.
agreement made in 1926 between Laclede Gas
provides that for the transfer of said properties
The lease and purchase
Laclede
Power
approximately $5,200,000 shall be paid.
The portion of the purchase price to be
paid by Union Electric Co.
that goes to Laclede Gas Light Co. in accordance with this lease and
.
"
•
$55,724
of
The
Gas Light Co.
24,374
,
purchase agreement will be deposited with the trustee for the
refunding
extension mortgage 5%
gold bonds and pursuant to the terms
trust agreement may be used to retire these bonds or for
prop¬
$28,678
and
Utility operat. income
$35,203
Other income (net)
.— ' ' * " Z>r201
$30,380
1,367
$432,132
10,534
$35,003
$31,747
$442,666
*7,500
7,500
Accumulated
of
Gross income
Eetlrei
—
Accruals
reserve
90,000 ;
Dividend—
The directors have
accumulations
record
March
*
May
2,
last,
declared
the
on
20.
of the
dividend of
a
while
payable June
March
2,
on
^' payments of $1.75 each
$3.50 per share on account
preferred stock,
distribution
similar
A
1,
June
were made.—V.
made
was
Sept.
1
and
2
to holders
this
on
issue
Dec.
1,
erty additions.
of
The
Laclede
without
on
1941,
155, p. 1679.
cult
Power
and
obtain
to
&
Light
substantial
any
restrictions
other
the
Co.
has
standby
-/
Gross income
$27,503
deductions
-
—
-
•
$24,247
7,725
* *
- •
7,784
$352,666
$327,118
-'101,589
-
101,862
1
'
•••'
Net Income
$19,777
$16,463
$251,077
$225,258
Tret' dividend requires. ;/%/■■////*// /■•■■//;/;/•/.//■:■'/
J. P. S. Co., Ltd.—
•
/
Preference shares
/
29,265
29,400
-
»
——
/;'/. *
*
*
preference
shares
21,992
;/
Common dividends
Balance
■
■'
*
n
t-*—.ir.-
-
necessary
it
—r—.——
-
equipment
new
revenues
—
V.'."
/. $620,196
31,558
6,536
.
$61,633
./I
$1,841,233
.].
Net'
It is expected that
will
\
Li
J
■
282,095
,
be
filed
Louis
and
because
that
to
it
keep
priority
be
abreast
Union
area.
time
some
of
would
diffi¬
of
Electric
the
Co.,
its
application for approval of the purchase and sale
the
with
Missouri
S.
P.
Commission
-
Statement
/
$626,732
318,447
$566,465
....
income
'
Misc.
adjusts, applicable to prior,
Net
income
carried
to
earned
$284,370
and
-
the
SEC
11
,
.
at
an
1
The purchase
'Total
—1.
surplus
77,339
!_
years (net),-,
surplus^-
will
$330,595
Wesley
McAfee,
President
Union
numerous benefits to consumers,
the city and the com¬
important of these are:
though Laclede company is small when compared with
Union Electric, nevertheless, by combining the two
systems the reserve
capacity can be pooled so as to produce and deliver substantially more
$385,624
2,873,112
more
Even
for this
power
The
area.
peak demand
on
the Laclede system is dur¬
ing the summer, while our own is normally in the winter months.
Integration will reduce the amount of necessarily idle equipment during
off-peak periods.
V'5
(2) We have been looking toward every expedient to meet the rise
$3,330,409 ; $3,258,736
258,922
258,922
:
J.
of the Laclede electric properties by Union Electric Co.
in
The
(1)
2,999,814-
Dividends paid on cumulative preferred stock—
result
pany.
17,716
,
by
Electric:
$308,285
28,509
——
Adjustments of prior years' taxes (net)
-
1940
1,079,936
St.
position
early date.
'
$1,775,254
1,154,386
taxes-—.——
income
Deductions from gross income
91,800
■
"
Balance of earned.surplus at
beginning of year
1941
*
Operating expenses* and-general
.
2,516,020
taxes
—
7
Gross
•
Operating
/•>/
$3,136,216
2,575,820
$534,907
and
the
in
financial
strong
operating for
and
believed
'
$153,433
$73,316
.
income
~v
4,426
.
J Jamaica Water Supply €o.—-Earnings/,
1940
$3,110,727
deductions
production
war
its
is
large power capacity, is
considered well equipped to.meet efficiently the universal demands for
increased power that are developing this strategically located industrial
area.
This integration of electric power facilities should
improve the
overall efficiency.
•
Operating
T55,-:p/v1679;".^
calendar Years—
revenues
revenue
Non-operating income (net)
16,005
*
$165,116
- 91,800
•
paid-^-J. P. S;/Ltd.
iiii-
*
18,554.
: J:-//™——————/-™-—-—
?
-
21,992
16,150
-
Preference shares V
;/
<
Operating
Operating
with
.
B
Preference shares O
/ '
,v
of
surge
Kings County Lighting Co. (& Subs.)—Earnings
Calendar Years—
i
,';
1941
been
capacity,
limitations
'
Income
.
"-■"/Net
r./
operating
Deductions
Provision
revenue
from
for
gross
Federal
corporate
income
income™™
taxes
'dividends
dividends
Common
120,486
/•//)
/——
/
—
75,000
200,000
based on
com¬
assets,
$1,000;
$250),
$12,024,083;
special
deposits
$44,235;
current assets (including
debits, $37,612; total, $12,621,890.
„
(funds
$31,179
for
(market
special
construction),
$514,960; deferred
'<«
i
stock
(100,000 shares
no
,
,
^
>
f
Jewel Tea Co., Inc.—Sales Up—p
Period End. Apr. 25—
Sales
——
—
-1*
1942—4 Wks.—1941
1942—16 Wks.—1941 "■
$3,988,113
$2,827,408 $15,774,713 $10,873,005
155, p. 1754.
Miscellaneous
/
■
'
•
Lewis
hinted
H.
at
Brown,
a
stockholder's
prospect
/
possible
reduction
at
in
annual meeting held on May 8,
the dividend when, in answer to a
the
he said , that greatly increased taxes now
that/all-companies will have to reduce payments
question,
mean
shareholders.
President,
P: P
"
122,023
and
Notes
preferred
stock
in
to
'Pi, The corporation, he.pointed out, will do
-
to
is
maintain
in
the
100,474
106,370
($100 par$4,429,300
minimum
;
*
of
/:
Miscellaneous
1,242.649
construction
197.792
—
and deferred credits
preferred stock sold
,
11.290
2,999,814
$17,219,305 $17,042,027
t-Y. 155, p. 1754.
-
•
■
V
on
community
regulatory
and
service
of
1941
.......
$2,521,755
::Vy.
J '
■
income
Amortization,
1940
$2,373,688
38,103
j
:
2,191
';;
■■■■■
$2,559,858
—
$2,375,880
1,856,155
—1
expenses
1,674,531
196,000
general interest & deductions—/..
preferred stock
196.000
31,153
30,522
236.115
137,696
181,826
—
Dividends paid on common stock™/
.
160,196
—
Balance to surplus
:i
Assets—Utility
plant,
$286,151; current assets
charges,
Common Dividend
/;•/:;//;,./cV-.'
$694,846;
$101,017
$134,529
Balance
:■
total,
Sheet, Dec.
31, 1941
/
:
*
$13,448,158;
investments, at cost or less,:
(including $98,785 cash), $650,542; .deferred
$15,079,698.- './•;/
v ■;
V/V;' / /;
stock
(par $75). $2,669,925; 5% preferred stock,
long-term debt, $5,600,000; current liabilities,
reserves (including $2,067,135 de¬
preciation), $2,137,427; contributions in aid of construction, $47,900;
earned surplus, $536,565; total, $15,079,698.-rV. 154, p. 1530.
- ;
Liabilities—Common
($100
Knudsen Creamery Co.—Action
better
share
way
customers
11.290
320,140
'Total
for
Income
Dividends paid on
167.203
—.^___™___™3,071,487
surplus
will
provides
197.160
320.140
-
it
Payment .to bondholders
64.730
1,165.699
J/
262.173
1
Total
274.504
64.730
customers
Vu'" " -/V
/
Total
697.872
282.988
run
Lake Superior District Power Co.-—Earnings—
203.315
702.861
——
aid
257.895
All
long
Calendar Years—
300.000
'T
the
large system in the
a
Revenue from all
4,211,000
165.000
our
interest
in
the
advantages which
general service, and particu¬
larly service in time of emergency.—V. 152, p. 2399.
2,000,000
/
in
cost.
from
come
$4,429,300
2,000,000
————
,*"
efforts
properties
16,050
surplus
Deferred—
our
these
254,701
because
\
in
a
in
us
of
bodies,
4,211,000
reserves
Earned
assist
of the community.
One electric company to serve the whole
is almost the rule
and
frequently has been approved by
...
banks
deposits
on
will
integration
2,340
$17,219,305 $17,042,027,
Interest and taxes accrued..—
Dividends payable on preferred stock
Reserve for depreciation
Z
Capital
the
13,846
debt
to
which
think
612,739
expenses)
(50,000 shares)
Accounts payable
Premium
131,847
■
payable
effected
We
394,565
and
-
stock
be
(3)
279,432
supplies
(insurance
Liabilities—
Long-term
greater use of the total equipment will be possible, and other economies
can
present rate structure.
85,758
660,090
—
Common
other
1,290
Unamortized debt discount and expense—.
Cumulative
and
: 161,441
receivable
Prepayments
taxes
operating costs without seeking an increase in the
Union Electric system rates.
By acquiring the Laclede electric prop¬
erties, duplication of management and equipment will be avoided,
250,194
-
,
Pv P;PP-V;
;*
larger volume of business
in 1942 than it did last year, but probably will show only a slight
gain in operating prolit, beoause of the rising cost of doing business
/- under war-time conditions.
The company's insulating board plant*
which manufactured over 130,000,000 souare feet in 1941, currently is
running from 30 to 90 days behind on deliveries.
- / .
*
•
/...>«
In
addit'on
to -re-.electing
the; board of
directors,
stockholders.
•■
in
1940
202,904
investments
Contributions
v
p. Johns-Manville Corp.—Dividend Cut Probable— 1
-
1941
246,720
Miscellaneous
—v.
.
$2,999,814
$15,315,952 $15,301,996
physical property, at cost
Special deposits (for payment of interest)
Customers'
'
'/.
J
■
expense
Other
$1,500,-
par), $1,715,941;
r
"
•
—
stock
Total
first mortgage
3%%
bonds,
series A, 1961, $5,745,000; current liabilities, $841,246;
deferred credits, $232,476; reserve for depreciation, $2,195,687; contri¬
butions
In
aid
of
construction, $183,753; ; surplus,
$207,788;
total,
$12,621,890.—V. 152, p. 2550.
'
.
,,
000; common
'
,
plant
Materials
investment
cash),
$3,071,487
—„
-Liabilities—Preferred stock (15,000 shares no par, $5 series A),
■'•••/
Assets—
Capital
Accounts
miscellaneous
surplus—^—./
Cash
Balance Sheet, Dec, 31, 1941
..Assets—Fixed
•
Utility
$385,972
'
200,000
—
»•
value
earned
Consolidated Balance Sheet, Dec. 31
82,058
;*.-v
75,000
No provision for the excess profits tax is included,
pany's computation of its excess profits credit.
.
Balance of
...227,288
$333,394
—
/
$695,317
232,966
-
—
Net- income
Preferred
$686,847
—
par),
I$575,961;
$3,500,000;
deferred liabilities, $11,919;
-
■
-
The
directors have declared the usual
share
per
on
the
60-cent
cumulative
*
.
approved a proposal to retire 25.000 shares of cumulative 7%
-
preferred
stock which- was redeemed last .October.
As there are 25,000 shares of
preferred still outstanding, Mr. Brown was asked whether the company
planned to continue its preferred retirement policy.
payable
.the
.
May
25
semi-annual
would
to
holders of
dividend
oh
record
the
April. 15 -and Nov; 29, 1941.
In
May
common
15,
stock,
but
stock,
no
deferred
no
par
par
commenting
on
value,
action
value,
ordinarily be payable in May.
Distributions of 20 cents per
on
quarterly dividend of 15 cents
preferred
on
which
/
share were made
v
the matter of the
on
the
*
,,
Union Electric Co. does the major part of the electric business
ir*
the City of St. Louis, and with more than
300,000 customers has more
than 600,000 kw. of installed
capacity.
Laclede Power & Light was
formed in 1926 and has about 41,000 customers and about
68,588 kw.
installed capacity.
In addition to the
$53,052
requirements
Mar.
is under obligation to divest itself of its
with reasonable diligence.
23,859
24,374
$5,078
dividend
of
Union Electric Co.
terms
$76,911
1,806
President
with
and
are
by
3,476
$6,883
—
ended
Wesley McAfee, President of Union Electric Co.
made
Power
,
)■ $350,726
quarter
purpose of integrating the electric facilities in the St. Loifi*
Union Electric Co. of Missouri has
agreed to purchase the
J.
filed
The
$73,435
$6,G75
income—net
j/•
i
for
Exchange Commission
$248,655
$7,058
taxes—-
>*".,r
/,
+
Balance————
:
$2,468,223
2,117,497
2,119,121
negotiations that have extended
1942—12 Mos.—1941
$27,419
Balance
:' /
388,517
$2,784,697
$665,575
Harrod,
Co.
the
after
revs.,
Preferred
440,930
income
gross
Childress, President
and
'
853,416
the
the
and
$1,125,014
$2,079,705
:
—
physical properties operated by Laclede Power &
Light Co. for $$,600,000, subject to the approval of all
necessary public authorities.
This announcement was made
May 11 by chief executives of the corpo¬
1942—3 Mos.—1941
$903,980
of the
Int. and amortization—
1942—12 Mos:—1941
$94,981
subsidiary
a
Balance
4,807,616
.
rations:
revenues.—'_
and
exp.
new
$6,887,322
4,995,698
Laclede Power & Light Co.—Sells
Properties to Union
Electric Co. of Missouri—
are
area
1942—Month—1941
Period End. Mar. 31—
/v
1941
-
increases
provisions
distributions systems located in Lee,
oper.
'
$7,339,465
-
taxes—™—
—.—
provision
was
Operating
Net
$117,996
revenue/
1942.
Key West Electric Co.—Earnings-
who
1942—Month—1941
revenues
Operating
the
accruals
company
Estill, Shelby, Spencer,
Nelson, LaRue, Bullitt and Lincoln Counties.
In
rvturn
Kentucky
Utilities will convey to Kentucky-Tennessee property in Warren, Simp¬
son and
Logan Counties, and pay $175,870 in cash.
The Commission
set May 21 for a hearing.—V. 155, p. 1838.
; ;
'
-■\.^/.•
Operating
the
year
$844,532
mission and
.
is
proposal
Pericd End. Mar. 31—
:
of
the
which such adjust¬
current periods have
Kentucky Utilities Co., proposed May 8 to the Securities and Exchange
Commission
a
plan for exchange of properties in
11 counties in
Kentucky. '
Kentucky-Tennessee will transfer to Kentucky Utilities electric trans¬
Jamaica Public Service Ltd. (& Subs.)—Earnings—
/
*'
—
and
,,
company,
■
P. 1513.
•
1942—4 Mos.—1941
$8,061,656 $31,619,492 $27,360,31$
income
The
155, p. 1601.
The
1837.
p.
to distribute 1,548 additional shares of
note and debenture holders has been eliminated.—V.
the
to
plan
for
Man¬
1312.
31, 1942, has been computed at 40%.
At Mar. 31, 1942, no provision
was
made, or considered necessary, for excess profits tax.—V.
155.
p. 1838.
"
'
1
*
•/
//■
Kentucky-Tennessee Light & Power Co.—To Exchange
Properties—
been
11
assets)
notes
Additional
books
rates
Income
Net
rates
on
the entire calendar year to
Period End. Apr. 30—
—V.
Treasurer,
General
6.47
based
'
34.900 shares of capital stock ($25 par).
All of these
securities would be distributed to the holders of Jacksonville's presently
outstanding bonds on the basis of $500 of new bonds and 10 shares of
new stock
for each $1,000 of outstanding bonds.
No participation is
,
are
For comparative purposes adjust¬
periods to reflect successive changes in tax rates
Sales™—
**
Trust
193.5 .by this ^company.
the plan, as revised, the
Jacksonville's
5.72
periods
■
bonds and
5%
the
on
tax
is
Co.—Earnings—
—
expenses
Reductions from
.40
current
Kennedy's, Inc.—April Sales—
*. The Securities, and Exchange Commission has announced that certain
amendments
for
C.
Chemical
submitted under Section
$9.36
''
over
separately stated at
Jacksonville Gas Co.—Amends Reorganization Plan—
*
$9.98
.Gross
p" 1408.
■<;.;V.
;
Outstanding temporary debentures.—V, 155,
*
$0.79
.40
taxes
applicable.
were
income
in
Utilities Co. of Delaware—Definitive
Debentures Ready-**
,,,,
.
revenues
Non-operating income (net)
$3,638,885
applicable to
etc.,
% income tax for 1942 accrued
$3,243,220
com.
income
in earlier
made
been
and
Berry,
135,715
'/-'
$268,198
$0.80
-
have been allocated
and
••
A.
also
1942—Month—1941
12 Months Ended Mar. 31—
imposed by the Revenue Act of 1941.
bonds refunded in 1940
1942.
The corresponding credit items have been credited to the
unamortized balance of debt discount, premium and expense.
Federal
premium,
$229,269
tax
Note—Federal
had the benefit for income tax purposes of the deduction
call
tax
after income
Federal income taxes which
the income for those periods if the corar
of.State
amount)
been
pany had not
*
E.
com.
Earnings per share
$496,974
$535,669
$49,897
comparative purposes.
income
have
129,323
13,151
$54,229
additional
would
153,125
ments made
Federal
mated
514,713
12,500
10,038
Net income
:
43,308
15,625
loss__
Earnings per share
$1,376,664
588,986
150.000
140,704
$1,332,830
/':•
38,321
debt
Amort. & other deducts.
/
$118,856
$118,213
mtge. bonds
other
on
and
Munnikhuysen
155, p .1513.
Operating
Operating
Sp/SfS
40,659
profit
next
Kress & Co.—April Sales—
Laclede Gas Light
v.
rates
before income
net
Mr.
Operating income
operat.
income
Total
Vice-President,
directors.
Sales$8,640,182
—V.
antici¬
increase
elected
the company's Wood Preserving Division.—V. 155, p.
Period End. Apr. 30—
income
in
the
at
1,516,480
$268,198
Munnikhuysen,
been
f (S. H.)
■„
income
again
v
<
$8,948,257
..
Net
Other
F.
have
8.318,891
9,547,096
$269,928
$1,341,855
34,810
47,738
762,759
(in¬
Balance'
considered
Koppers Co.—New Directors—
W.
''?/■
•./
,
806,571
*1942—12 Mos.—*1941
$4,451,546
1,928,006
>
174,675
554,511
452,500
155,033
^40,125
tax
tax)
prop,
deductions
Total
$4,604,871
$1,513,242 $18,848,794 $17,267,148
^
/
cluding interest)-
$395,282
$398,062
general
Total
Delaware—Earnings—
1942—Month—1*1941
/
earnings,
common
dividend probably
would be
meeting of the board.—V. 153, p. 244.
1942—12 Mos.—1941
$760,369
■
-
$1,566,940
maintenance
earnings and the condition of the company continue
the company's rapid growth during the fiscal
year
1942, required such exceptional cash expenditures for
31,
present conditions was, in the opinion of the board, to the best interest
of both the
company and its stockholders.
It
was
stated that the
(in¬
expenses
while
satisfactory,
improvements and additions that pending replenishment of the
Treasury
by funding such capital investment the deferment of the dividend
under
1679.
p.
that
be
ager of
three months ended
excess profits tax
is required for the
1942.--V. 155, p. 157.
•„
•
•
March 31,
155,
1942—Month—1941
(all sources)
earn,
cluding
calculations
company's
on
that 80%
of the/ company's output is
effort, and that 70% of production carries priority
better.—V.
or
Period End. Mar. 31—
Gross
Operating
Net
to
ended March
Kansas City Power & Light
Co.—Earnings—
$1,485,744
746,335
$1,507,617
interest
stated
stockholders
essential to the war
$1,464,315
$1,485,115
operations—//.:/———.;/
'.income—Net;/'■
matter is being studied but no decision has
In due time,
he added, something probably
retiring the rest of the senior stock. '
about
ratings of A-10
Net
the
yet.
as
done
1921
common
stock
'//•".//./"'/•:/';/■
/V-;/'/!
common dividend, Mr. Knudsen,
4:
.'
Lane-Wells Co.—Smaller
The
directors have
common
This
last
stock,
compares
payment
addition,
dividends
the
of
par
with
declared
dividend of 15
cents per share on the
$1, payable June 15 to holders of record May 27;
25 cents per share paid in preceding quarters, the
at this
rate
company
10
a
Dividend—
on
having been
made
on
March
16,
1942.
In
Sent. 15 and Dec. 15, last year, paid ektra
154, p. 1265.
cents each.—V.
<
-v
1922
THE COMMERCIAL & FINANCIAL CHRONICLE
Lerner
Stores
Corp.—April Sales—
Period End. Apr. 30—
-
$5,169,738
—V.
155,
;
1942—Month—1941
Sales
ten
-
1942—3 Mos.—1941
violated
(C. W.) Lindsay & Co., Ltd.—Resumes Dividend—
The
of
directors
have
accumulations
payable June
of $4
one
the
on
dividend
a
6 '/a %
of
cumulative
record
share, was made
at Mar. 2,
ages as
declared
to'holders of
2
per
share
per
preferred
May 20.
this issue
on
$2
directors
certificates
share
declared
beneficial
1
Dec.
on
dividend
a
interest
to holders of
made
was
the Masonite Corp.,
Act.";.;- vv'
The
stock,
previous payment,
"Since
for
record
$5
$2.50
15.
A
155,
share on the
preferred stock,
distribution
of
$5
other
Ohio,
patents
Corp./Insulite Co.; Flintkote
Conversion
case
privileges
are
the
were
who product is
Univis
bifocal
y...•<:-'h7V
restrictive
Lens
Co.
lenses.
of.
and
V
'
7
Univis
Federal
.
7;-/ 7V'' 7.7.'.-" •'.•77
-v7 ;.r
ernment.—V.
Court
in
the
Masonite
7/
155, p. 1514.
and
case
7;/ 77
found
for
2,343,793
$2,362,652
$2^034,459
125,524
125,324
$2,488,176
$2,159,783
c,
the
v-
_
of
debt
debt
deductions
921,025
discount
and
—
494,069
Common 'dividends-'
7
The
notes.
Northwestern
Mutual
Life
Insurance
income
purchased $6,000,000 of the 3%% debentures, and $4,0007
were
taken by John Hancock Mutual Life Insur¬
ance Co.
Empire Power Corp. purchased the $833,000
The
-
(1)
\
on
3% basis.
a
77/
Condensed Balance Sheet* Dee.
.
to
the
than
The
total funds required for
amount
authorized, and the
its treasury.
26,
Melville
Shoe
—V.
the operation is slightly
will have to meet
to
July 1.—V.
!1
155, p.
1839.
interest
common
stock,
June
A
Years End. Feb. 28—
7777.77:,,^
1942
10,285,977
8,136,410
$3,968,046
200,267
$4,018,573
226,203
$4,168,313
$4,244,776
1,360,377
1,478,354
operating income———
—
,
.
last
$2,807,936
,
Federal
income
and
$2,766,423
profits taxes for
excess
1942 is being made in accordance with the Revenue Act of
provision for which
subsequent to Feb. 28, 1941.—V. 155,
Manufacturers
Roland
amount
>
'/
Balance
and general taxes
7
that
Depletion, depreciation,
feited, etc.
1941
dry holes,
leases
income
before
tax
come
provision
for
9,481
Shares of £tock outstanding—
—V.
155,
in¬
directors
1942,
net
;
The directors have declared
registered
May 23
stock
holders
to
of
was
paid on
was
paid for the year
also.—V.
Nov. 29,
152,
4-
.
1941.
final dividend of 5%, less tax,
a
for
the
record
year
May
11.
ended
Dec.
interim
An
31,
1941,
on
>
the
payable
dividend
of
2>/2%
On May
31, 1941, a final dividend of 5%
ended Dec. 31, 1940, making 7'/2% for that year
then
operating
cumulative
held
existing
by
after
higher
operating
the
public
Subs.)—Earnings— 7 v|
*
Feb. 28. '42
3 Mos. Ended—
Net
sales
Cost
of
Net
$940,425
of
in
and
Act
Revenue
arrears
amounts
would
consolidated
and
is
certain
on
which
have
seemed
;
Total
>
the
decreased
finally enacted.
subsidiary
net
income
in the
$245,000
subsidiaries owned
months
first
Middle
ended
Due
1415.
figures
31,
.
1
J
,
7
•
-/
-
"
,
'J
'
,
;
89,030
$95,513
$302,011
$395,917
"$30,806
Net
296
65
1,261
616
Total
profit-
income
-7
operating
the
*
Profit
charges
and
-
$30,190
1,388
3,501
77:-
44
7
23,345
78,475
86,304
18,730
profits taxes
income
$51,028
_
_
$219,287
$305,985
"$31,484
"Loss.
Note—Earnings
per
common
were
equal to 14 cents in 1942 and 99 cents In 1941
share.
Sheet, Feb.
Assets--
hand
on
Accounts
28
in
and
receivable,
—
reserve
—
Prepaid
expenses
Patents
(less
and
deferred
;
—
stock
Accounts
—V
payable
Reserve
for
Funded
debt
and
Total
"After
1941.
VV
accruals
$2,757,190
$2,262,764
V 316,556
for
726,125
38,000
,
(non-current)
tRepresented
101,670
259,762
208,900
t892,911
___
27,449
_____-—V——______
reserve
$1,460,733
.
264,363
183,900
—-
payable
of 1942
the
by
periods
on
Act
Revenue
income
the
and
$3,985,944
$2,757,190
depreciation of $765,400 in 1942 and $698,392 In
bv 220,050 no par shares in 1941 and 350,550 no
par shares in 1942.
^Includes capital surplus
$111,480, paid in surplus
$88,700 and earned surplus $692,731.—V. 155, p. 1123.
,
board" Are Declared Invalid—
use
of
the
denounced
by
patent
the
U.
laws
S.
to
of
1941.
Provision
profits taxes
Act.—V.
154,
p.
has
r
r
Coverdale' &
been
that
Colpitts,
a
plan
approved
price
Court
fixing and monopoly
11 in holding that
May
on
agreement
adopted
by
of
i%;
.77 7
has
authorized
issuance
of
the
securities
outlined
and
surtax
and
Code
representing
holders
been
made
for
law
that
they
on
15.
9 Months
$1,971,982
$4,706,021
7
r
7—7-7—■
287,823.,.
696,499
1,021,108
$608,569
$1,557,793
7
845.752
169,150
-
share___
$0.72
________
>
1,218,646
607,103
'
——
:
7
:
7, 315,846
105,243
7
$1.84
'
Candy
Co.
(&
Sub.)—Earnings'
1942
profit
y
common
air
1941
$370,991
share
$54,424
/ •,
$1.74
charges,.,
'•
$0.10
-
,
in effect.The Revenue Act applicable is now being con¬
by congressional committees, but no one knows what the rates
155, p. 1123.
•
now
sidered
be.—V.
National Cylinder Gas Co.—Earnings—
[Including Domestic Subsidiaries]
of
the
reorganization
of
Net
•
Committee
*
.
properties
.
.
the various issues are notifying their cer¬
have until June 12, 1942, to dissent from
1754.
,
are
13
cents
7'r;- 7';
1941
rates
adopted
rates)
7
•
V
$780,515
.
358.544
413,515
$0.27
$0.31
profits taxes.
recommended by the House Wavs
and Means
and excess
the
1942
share.—V. 155, p.
7'
1941
$893,544
——
share______
income
tax
per
—
(at
income
will
be
reduced
to
$175,544,
1515.
7
v
;777>'7:v V.;" "•; ;-7;7';'•
f
■
National Distillers Products Corp. — Debentures Of-?
fered—A syndicate headed by Glore, Forgan & Co. and
Harriman Ripley & Co., Inc. on May 13 offered $15,000,000 seven-year 3y4% sinking fund debentures at 100
and interest.
Others making the offering included Blyth
Co., Inc., Hayden, Stone & Co., The First Boston
Corp., Lehman Brothers, Goldman, Sachs & Co., Kidder,
Peabody & Co.; W7C.: Langley & Co. and Stone & Web-,
ster and Blodget, Inc.;
\^^7.--v;;/7r:.77^77-7:7^7
-7-';
;
-
railroad's
taxes
common
the
or
protective- committees>■;
7 7
;7-,■-'•7-
the
per
Note—If
7-;77:7
1942
.
—
after
"Before Federal
a
road
income
Earnings
company,
the
3 Mos. End. Mar. 31—
•Net Income
ad¬
be levied under
7
'
plan.- Coverdale &
Commission to invite the im¬
and agreement.—V. 155, p.
May
on
3 Months
taxes-__„
profit
"After
amended." >
as
have been authorized by the
deposit with the Guaranty Trust Co. of New York, 140 Broad¬
York, of securities not already deposited under protective
deposit agreements.
7
/„ •
7 '
this plan
paid
Note—Net income for the current quarter is after provision for taxes
on income or profits at rates substantially
higher than imposed by the
State
New
tificate
share
per
15 to holders of record
7,
.
profits tax--—:—
dividends
Earnings per
mediate
way,
$1.25
of
share
1
National
"Net
;
manager
in
per
income
excess
;
acquisition of the
as
cents
Quarter Ended Mar. 31—
;
1941
.
ICC
the
\
Inc.—$1.25 Dividend
May 15, 1940.
income
(& Subs.)—
-
The
75
Depreciation
,
representing the following securities: ■
(1) Minneapolis and St. Louis RR. first consolidated mortgage 5%,
gold bonds, due Nov, 1, 1934;
■:'77"7-."-7>'<'.77;'77'. '"'7-7 \77777v;7
(3) Iowa Central Ry. first and refunding mortgage 4% 50-year gold
bonds, due Jan. 1, ,1935,7
•'"•*7.1 7:7
(3) Iowa Central Ry. first and refunding mortgage 4% 50-year gold
bonds, .due March .1, 1951; ::
"*■ / <7-<
7'-.777'77
(4) Iowa Central Ry. first mortgage 5% 50-year gold bonds, due
June 1, 1938;
■
"T-"*
".'7777-.;77':\:'V7'7:777 7
(5) Minneapolis & St. Louis RR. first and refunding mortgage 4,%
gold bonds, due March 1, 1941; and
'•*'
;
7.
(6) Minneapolis & St. Louis RR. refunding and extension mortgage 5% 50-year gold bonds, due Feta. 1, 1962. (There is no existing pro¬
tective committee representing this issue.)
,'.y
7 7
;y\,7\
and
W""'*'
103,871
$219,963
may
existing
with
compares
as
$621,666
1055.
reorganization
and
and
'"v-S
on
were
.
,
Minneapolis' & St. Louis RR.-~-Pond Committees Ap-.
Plan—
announce
'
•
1941
$4,809,892
-401,703
not
which
.•
in
Motor Wheel Corp.—Earnings—
Net
6,500
.
promote
Supreme
taxes
'*
-
disbursed
were
paid
1, 7 cents; and Dec. 29,
recently declared a dividend
stock, no par value, payable May
This
Earnings per common
—V, .155* p. 828.
prove
Committees
The
30.
Cash
are
Colpitts
Masonite Corp.—High Court Upsets Patent Price Pact
—Agreements on Resale of Eyeglass Lens and "Hard-
was
•'.
federal
$615,166
basis of the Internal Revenue
excess
Federal Revenue
have
$3,985,944
—
for contingencies—
Contract
•
;_V
Federal, State and local taxes-
Surplus
Reserve
' 14,852
187,537
,
V;7:: V.-'V■v'7'7'7;1
Liabilities— '■
tCapital
94,155
220,539
28,341
charges— i
amortization)
1,545,745
878,351
...
;
both
income
Like amounts
dividends
.
,v„;
$881,899
572,700
—
.
$920,104
for
normal
May 15.
Participating
24,282
394,349
Federal
record
$1,996,264
Selling, advertising, administrative expenses and-:: 7
other charges against income
77
'
387,466
1941
1,398,912
*
banks—
less
Inventories
1942
_
of
year.
directors
common
Total
adjusted to reflect special provisions
for these taxes made in December, 1941, applicable to the
respective
periods.
Provision for Federal taxes has been made for the first three
1942
V
"Property and plants—
Cash
tax
ditional
Balance
this
after all manufacturing costs
Interest earned and other miscellaneous income
$1,125,745
for
have
Payment will be made
Toronto, Canada.—V. 155,
or
Corp.—Participating Dividend—
7 Period End: Mar. 31, 1942—
$731,396
months
profit
holders
2,
Federal
2,235
income
•Provisions
due Feb. 1, 1956,
102'/a and interest.
Income from sales
respec¬
$1,123,510
deductions
etc.,
bonds
at
trust 3 Y» %'
been called for
collateral
usual
to
1941, and
8,763,150;
Gross income
Interest,
and
mortgage
have
the
1,250
•Net
—_______
excess
$397,178
1,526
2,789
inc.
State
taxes
Net
77
—___
Federal
$302,076
406
2,299
—
Interest
Fed.
$95,808
—
Miscell.
first
<7MS&7;i
1
April
will
.
fund
;;,C
$9,378,316
^
'
Consolidated—Bonds
Power
Morrison Cafeterias Consolidated,
,
9,667,254
revenues
of
of June 1
as
directors
The
net v7
$10,790,765
revenues
40%
a
•
$169,000
sinking
'
.
Total operating expenses and taxes
non-operating
of
and
June
restric¬
,/
4
1942
Operating revenues
$58,224
561,721
front
declared a participating dividend of 6 cents per
quarterly dividend of 35 cents per share on the
7% cumulative and participating preferred stock, par $20, both
payable
by
,
12 Mos. End. Mar. 31—
Feb. 28, '39
$957,638
•7'
The
share
first
the
1941,
_
-*'*
record
.
Moran Towing
':7:-
•«
-
the
on
quarter
1942, and, in addition,
paid en Sept. 30, 1940.—Vj 155, p. 828.
follows; June 2 and Sept. 2. 6 cents each; Dec.
50 cents.—See V. 155, p. 697.
y
and common stocks
'
.
77
per share
holders of
to
and including March 2,
was
Royal Bank of Canada, Montreal,
p. 922.'
Corp., parent company only, for
1942, amounted to $382,331, as
'
-.7"•
the
at
approximately
and
1942
cents
1
made each
March
other
include
of
to
of 75
June
were
preferred stock
and
preferred
on
Earnings—
441,068
844,912
?0-year
a
compared with $352,925 for the corresponding 1941 quarter; net income
amounted to $303,574, equivalent to 9.2 cents per share, as compared
with $286,039,
or 8.6
cents per share in the 1941 quarter.—V. 154,
p.
total
A
Central
consolidated
to
companies
quarters
West
March
1940,
Montreal Light, Heat &
and
indicated
by The Middle West Corp.
of The
income
three
$743,079
sold—
goods
oper.
Other
Feb. 28, *41 Feb. 29, '40
1,
Called—
of
increased
no
par
value, payable
Distributions of $1 per share
preferred
for
$788,289
was
V77777;77777i7777l7--^7777777;:
expenses,
dividend requirements on
Milwaukee Electric Ry. & Transport Co.
(&
conditions
excluding
revenues,
■
rate
$86,757 over the first quarter of 1941.
previously released, have been adjusted for com-
as
increased
1942
the
'
Corp.
Martin-Parry
lower
dividend
a
stock,
stock dividend
by approximately $450,000 for the three months ended March 31,
Earnings for this period will necessarily have to be adjusted
tions,
3507.
p.
of
a
of 3 cents per share on the
;■
directors have declared
22.
redemption
income,
increase
an
been
further
$275,000
—Final Dividend—
The
May
Co., for the three months ended March 31, 1942,
an increase of 9.9% over the first three months
and full
earnings,
dividend
Marconi International Marine Communication Co., Ltd.
ordinary
$50,301,758 $55,315,505
stock, no par value, payable June 20 to holders of record
The last payment; 2' cents per share, was made on Dec, 21,
common
22,
-
tively, which could not be distributed
;
7;
/
May. 29.
Dec.
amount
the
at
32.881,.
11927 77'y.
p.
■
June
that
determined
was
light of the
Consolidated
subsidiaries
when the
$8,740
-'V 330,000 V 330,000
—,
1941.
have
income
827.
p.
the
time
share
per
and
pending tax legislation.
If the Treasury Department's original
proposals had been adopted the provisions made by the companies for
income, excess profits taxes, and charges in lieu thereof, would have
14,820
$11,735
the
Consolidated
1941
been
____
cents
record
16
then
fore-
Federal
of
of
taxes
$23,560
/
10
of
51,644
5,627,606
Monarch Machine Tool Co.—Smaller Dividend—
further dividend would be considered toward
a
in
year
Public Service
1942.
Net
common
partive purposes to give effect to increased tax rates of the Revenue
Act of 1941, passed by Congress Sept. 17, 1941.
For the three months
ended March 31, 1942, provisions for Federal income and excess profits
7,867
6,909
matter of
of the
1941.
The
$14,080
437
.
of
holders
to
179,863
56,47.9
5,710,714
.7
a.
154,
May 30.
aggregated $19,376,827,
.
9,361
______
of
corporation's earnings.
Illinois
$21,947
$18,643
_
the
quarter of
$18,207
._
_
!___
;
surplus
;|7 The directors have declared a' dividend
Sept. 10, 70 cents; and
dividend
15
374,412
-
Model Oils, Ltd.—Resumes Dividend—
10,
previous dividend because of pending proposals for additional
income and excess profits taxes and their
prospective effect
dividends to be received by the corporation from its subsidiaries,
increased taxes
$27,568
—
:_
Total
record
common;
Dividend Declared—
a
June
this
at
end
of
1942
Other income
the
the
quarter
Exploration Corp.—Earnings—
_
Operating expenses
of
March
on
on
5,264,402
the
on
Commenting on earnings for the first quarter of 1942, Purcell L.
Smith, President,, stated that due principally to increased industrial
activity in the areas served by the operating subsidiaries, operating
revenues
of the companies in the Middle West
group were somewhat
higher for the three months ended March 31, 1942, than in the first
1941V
,
3 Mos. End. Mar. 31—
behalf
on
declared
the
}j
Casualty Insurance Co.—New Director
Operating income
made
paid
1,354,135
.
5,639.305
Total
•'
—V.
the
1680.
p.
declared
12
payable
the
determined
was
May
stock,
stated
was
stocks
V-
holders
to
was
were
cents;
per share
with 20 cents per share paid on June
and an initial of 25 cents on Dec. 2, 1940.
dividend
uopn
Morris, professor of international law at the University of
Pennsylvania, has been elected a director.—V. 155, p. 1839.
Oil
10
share
50
cents
1.835,418
30.455
Federal
S.
Maracaibo
June
per
dividends
10,
1014.
155, p.
,
above figures for the 12 months ended Feb. 28, 1941, have been
adjusted to reflect $104,794 of additional taxes applicable to the period
therein,
cents
30 cents; June
on
capital
year,
It
:
the
The
included
payable
50
35
compares
and
1941
10,
directors
the
on
This
than
Gross income—
Total income deductions—
of
March
The
1941
Total other income
year
of
of
2,817,000
2,817,000
For liability for additional taxes_l-—
For casualties and insurance——
•
1940.-
$12,154,983
Total operating expenses and taxes____________
income
value,
par
Middle West Corp.—Smaller
<& Subs.)—Earns.
$14,254,023
/,;:
Operating revenues
Note—Provision for
no
distribution
dividend
a
15,733.500
depreciation.
Earnded
'During 1941, the following
stock:
up
-
Net
1
v
16,000,000
15,603,500
7,77'7l
:
^
$8,234,475
$8,234,475
16,000,000
*
$12,393,509
1601.
The directors have declared
1.
-
$50,3Ot,T5Oi$55;3i5,5Oi
.
Louisville Gas & Electric Co. (Ky.)
Net
,
•.1942—4 Mos.—1941*:
$5,025,706 $15,520,219
Metal & Thermit Corp.^SmalIer Common Dividend—
7,
155, p. 1839.
redemption price plus
f
-
1942—Month—1941
$5,000,607
Dec. 10, 50 cents.—-V.
the full
pi
retail
155, p.
For
Corp.—April Sales—
Period End. Apr. 30—
at
-
.
Trust
City,
;
—
(
Sales
1940
-
,
working assets
Deferred charges
was submitted: tq holders of
and holders of participating cer¬
.
last..
York
:
Current and
thqre
bonds
-
320,07l;.,$4T,244,110
156,420 7
157,891
5,794,993
5,798,043
2,476,243
1,529,822
548,025
585,639
7
.
Guarantee
The New York Curb Exchange
on
May 7 removed from unlisted
trading the 6% secured gold bonds, due July 1, 1945.
The bonds were
called May 7 for redemption on July 1, 1942, at 101 %% plus interest.
Holders thereof may obtain immediately at the Central Hanover Bank &
Co., New
1942,
representing
Title
company
See also V.
Jan.
Reserves;
(3), To pay $2,000,000 owed by the company to three banks;
(4) To pay not less than $2,800,000 of aggregate indebtedness of
$3,633,000 owing to the Empire Power Corp., due March 31, 1942. and
$167,000 owed the Empire Investment Corp.
The balance of the debt
owed the Empire Power Corp.
will be paid out of the $833,000 of
unsecured notes.
of
609,600
<1
1941
Property and
Cash with sinking fund trustee,^—
,
-
the capital stock of company a proposal made
&
Trust
Co., of Los Angeles to purchase the
Building property for $170,000 in cash.
7V: - As of May 2 t ■7 Liabilities—:
77.-7/-777:77'7
holders
of
approximately 70.06%
of the
bonds
outstanding have ;* 6% cumulative preferred stock
evidenced their consent to the proposed sale
Common stock ($100r par)
by depositing their bonds.
In order to consummate the sale it is
First mortgage 5s, 1951_.necessary that 75% in principal
amount of the bonds be deposited. / The time for further
5% debentures, ^ 1947deposits has
been extended to May 26.—V. 155, p. 827.
Current and accrued liabilities——
(called for payment Oct. 1, 1942) and due April 1, 1952;
(2) To redeem at par $3,867,000 of 6% bonds (called for payment
July 1, 1942) due July 1, 1945;
more
Los "AngetesyTTime
Medico-Dental
$1,311,000
such balances out of
of
...Investments
date
mortgage sinking fund
tificates
by
:77:oi;:;77v
proceeds from the debentures will be used as follows: ,,;•/■
To redeem at
105 Va series A 5V»%
debentures amounting
Under
(■
Co.
000
of unsecured notes
Building ■Co,
7 494.069
,
936,Q00
;
.
7Extended—
14,788
'
$1,513,176 .$1,176,826
Preferred dividends
rw'-
39,644
-
14,860
gov¬
;:7.
,928,523
•
39,115
expense
—
Assets and Other Debits—-
Medico-Dental
$4,378,252
2,856,613
' Net income J—l
c
Long Island Lighting Co.—Debentures Placed Pri¬
vately.
The company has sold privately $10,000,000
3%% sinking fund debentures and $883,000 unsecured
1940'
$5,219,265.
<<
——77-7.-i—.
revenues
funded
on
Amortization
Other
representing seven of the justices, with Justices
and' Jackson
abstaining reversed the Southern New York
District
—' 1941
-
_
income.
Interest
77'V7;7
:■
Gross
:
Douglas,
Roberts
per
,V,V
V
Net, operating revenues™
Non-operating.
free
a
'>-'77V7 <
(including taxes)!,—,
7 7 7'"
:
.
Justice
53.
p.
the
both cases.;-
per
cumulative
June
20, last year.—V.
Calendar. Years^*':.7/7'■
Operating revenues
Total operating expenses
economyVthe
rights which Congress has attached to them must be strictly construed
so
as not to
derogate from the general law beyond thd necessary re-,
quirement of the patent statute," the court said in an application to
on
of
Wood
.
in
Corp., of Dayton,
$100,
par
Co.,
Mississippi River Power Co.—Income Statement—
7i
77'-'" .7'7 777"
Celotex Corp., Centain-.
Co., Armstrong Cork Co;
Russell, all makers of "hardboard."
Principals
May 16, 1938.
Arrear¬
totaled $54.50 per share.—V. 147, p. 2397.,
1942,
have
of
payable July
Anti-Trust
were
National Gypsum
and Dant &
y
account
on
Long Bell Lumber Co.—$2.50 Dividend—
The
Sherman
case
teed Products Corp., Johns-Manville Sales
Co.,
producer of eyeglass lenses
a
.
the
one
Affected in
1514.
p.
building material manufacturers and
had
<
$4,415,427 $13,337,400 $10,187,330
Monday, May 18, 1942
.
.
■
Dateil March 1, 1942; due March 1, 1949.
Coupon debentures In the
of $1,000, registerable as to principal.
Interest payable
denomination
March
New
and
York
land,
September.
Principal and interest payable at office of
Co., trustee, New York.
Certain Pennsylvania,
Mary¬
Trust
Connecticut
and
Massachusetts
taxes: refundable
upon
proper
application.,; Sinking .fund, payable on Jan. 20 and July 20 in each
beginning with 1943 to and including July 20, 1948. sufficient to
retire semi-annually $375,000 principal amount of
debentures; sinking
year,
fund
payments may be made in cash or debentures, and debentures
retired
otherwise
than
through the sinking fund may be credited!
against sinking fund requirements.
Redeemable, at option of corpora¬
tion, as a whole at any time or in part from time to time in amounts
of
less than $100,000, on 30 days' notice,.at the
following prices
accrued.interest: if redeemed prior to March 1, 1943, 102V2%; if
redeemed on or after March 1. 1943, and prior to March 1. 1945,
102%;
if redeemed on or after March 1, 1945, and prior to March 1,
1947,
not
and
101 y2%;
1948,
if redeemed
101%,
and
on
or
after March
if redeemed
on
or
1,
after
1947,
March
and prior to March
1,
1948,
100%,
1,
Also
.
Volume 155
redeemable. through
on
of the sinking fund In- amounts of not
on
March 1, 1943, and on any
operation
less
than
$100,000,
interest-payment
interest:
if
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4073
date
redeemed
March
on
1,
thereafter prior to March
thereafter prior to March
1,
or
on
interest-payment'"
any
1, 1945,
date
Assets—Cash in banks, $828,897; investments in. U. S. Govt, securi¬
ties, at cost, $128,000; investments in other securities, at cost, $9,282,847; receivable for securities sold, $21,824; dividends receivable, etc.,
$23,136; total, $10,284,704.
'
following prices and accrued
1943,
date
101%; if redeemed on March 1,
1945, or any interest-payment date, thereafter prior to March 1, 1947,.
100%%; if redeemed on March 1, 1947, or on any interest-payment
19356— 1940—
after March
1, 1948,
100%.
■v.Liabilities—Reserves
($1
Federal
•
*
ing of the debentures
Business—The
1924.
the New York Stock Exchange. ■
on
Corporation
Corporation
incorporated
was
recorded
194307.—
-
The
in
corporation has
connection
tucky
On
the
Dec.
also
with the
from other
or
Period End. Mar. 31—
31,
taxes
,>
bonded
warehouses
which
of
are
of
generally
respect
The
to
solidated
value
and
in
Dec.
31,
of
of
whiskey
■'
—-_i
,•
'
Taxes
$770,453
$1,891,927
768,499
10,538,107
1,919,102
841,065
1,077,707
858,959
2,226,750
96,814,098
11,277,400
938,896
3,238,848
taxes
following
1939, $27,988,420;
and
above
amounts:
duties paid
import
amounts
of
sales
net
$23,684,806;
1940, $35,850,965; and
by
1941, $48,383,412.
•
large
Authorized
convertible
Capital
stock
;*Since
deemed
Dec., 31,
1941,
$500,000
of
debentures
these
the
the,
,
the
corporation
000
shares
lative
of
was
stock
stock
(no
$14,621,125,
exclusive
issuable in
the
of
150,000
and
net
accrued
applied
loans of
funds
loans
$3,250,000;
shares
of
after
and
Co.,
corporation
and
the
business
to
or
used,
is
/
the
'
•
underwriters
2,500,000
H.
1,600,000
1,100,000
925,000
Emanuel
C.
and
Langley
Blair
-
Stone & Co. >
First Boston Corp.—
Hayden,
&
M.
the.
Byllesby
Company
Hornblower
Laird, Bissell & Meeds
G.
Assets—
Cash
Balance
in
31,
Dec.
Inventories
Deferred
<
'
'
.
'
of
these
of
share
one
stock
in
$6
the
Others
60,141
shares,
&
Co.,
Lazard
Taxes
..(other
>
proposed
to
Electric
with
the
Co.
&
Accounts- payable
to
stock
affiliated
3%%
convertible
Common
(2,045,451
capital
stock
taxes—. y<3,158,535.
companies not consolidated
674,443
X——X-—20,192,000
no par)
———.——
28,175,651
the
_•
155,
"
W.
and
its
to
economic
out
carry
plan will be
structures
these
—————
„
———
—
$91,305,023
plan,
after
such
-
Slateinent
of
National
Period Jan..l
(■Cash
to March
net
a
decline
in
company
P.
for
For
to
in
Other
stock
regist. under Securities Act of
(incl.. legal and auditing
1933, .as.Amended
Capital
year
income
income
from
for
of
and
dividends.—.
and
the
the
'
;
was
stock
explained
dividends
due
as
from
to
the
■
reduction
a
Pennsylvania
dividends
common
available
$5,665,499
,
.
Co
—'
140,000,000
2,700,000
10,424,187
;
7,902,557;
34,233
19,999
71,830,019
reserves
68,221;436
9.695,125
236,248,945 228,539,118
•
>!
•
'ij'..-...'''
''I'-.'r.
'j
New Jersey Power & Light
■
y " L.-.
-
• ••••,./
•
\
r,
*•
utl
•
M
\
J'
■.\
Co.—Earnings—
12 Mos. Ended Mar. 31—
United
interim
until
were!
limited
Operating
1942—16 Wks.—1941
Gross income
Income
p.
...
of
its
street
railway
of Halifax,
General
712,052
granted
questions
;/;v.:
the
the
Note—Company does not consider that it has any liability for Fed¬
excess profits
tax, under the Excess Profits Tax Act of 1940, as
New Jersey Zinc Co.—Earnings—
Quarters Ended March 31—
♦Income
Divs.
subs.,
proceeds
9,
and
utilities)
week
Power
1942,
$2,261,627
from pats.,
other
ended
May
gain of 4.48%;
comparison
with
kwh.
094,513
according to
B. M. Baxter
been
and
settled.—V.
143,
-
paid
♦After
—
981,632
depletion
Note—The
be
would
U.
S.
for
and
above
1941,
a
year
ago.—V.
set
May
company
directing .the'- company -to
common-
order
The
on
to
extend
May
;
2,
1941.
Commission
tion-to
time
-to
or
generated
and
subsidiaries
for
New
surplus for the three months ended Mar. 31, 1942,
reduced under Federal taxes proposed by the
28
the
and
secondary
54,312,182
of
last
week
Power
sales
kwh.
to
for
2.47%.
preceding
week
week
ended
output
year,
respectively.—V.
for
-
.
a
hearing
compliance
change
liquidate.
directed
for
its
The
155,
p.
May 2 in
being 55,1842.
V
with
on
a
a
by
Commission
capitalization
Commission
request
to
one
handed
the
order
class
down
of
its
'
the
has
541.
604,
p.
Brooke, President, states, in part:
Oct.
on
1,
1941.
Company proposed June 25, 1940, to meet this
were
made in that year
by
holders
of
notes.
During
1941 an
additional
$3,666,500
of
and
$2,506,250
of
notes
exchanged by their holders for $733,300 cash and $2,933,200
of
were
6%
exchanges
the
debentures due
the market
in
the
in
June
1,
1950,
and
$6,466,750 of notes
were
pur-,
paid at maturity at a cost of $6,442,616.
As
under which these debentures were issued,
or
indenture
trustee
for
cancellation
on
before
or
hearing
exercised
f
Dec.
31,
1942,
face
amount
of
debentures equal to 25% of the net income (after sinking fund charges) :
for the year 1941, and company has already complied with this require¬
ment
by the delivery of $3,147,200 of the debentures above mentioned.
remaining $2,026,200 of debentures owned by the company are
Dec.
on
31, 1941, been presented for redemption.
July 1, 1941, company's Lake Erie & Western RR. second mort¬
bonds became due and payable in the amount of $3,625,000.
5%
was authorized by
the Interstate Commerce Commission to
the maturity date of these bonds to July 1, 1951, and to assume
obligation and liability as primary obligor of the extended bonds, and
during the year $3,593,000 of the maturing bonds were extended and
thereafter purchased by company.
Of the extended bonds, $3,566,000
were
later pledged as security for bank loan.
Matured bonds in the
amount
of
$32,000 had not on Dec. 31,
1941, been presented for
redemption.
"Another major financial operation of the year was the redemption
on
Dec.
31,
1941, at IOIV'^% of the principal amount and accrued
interest to that date, of $16,000,000 of collateral trust 4% notes due
Aug.
sive
1,
1946.
accrued
of
The funds required for the purpose ($16,240,000 exclu¬
interest) were obtained as follows:
Proceeds from sale to Chesapeake & Ohio Ry.
deposit for 115,193 shares of 4%
direct
particular
"due- diligence
atten¬
Wheeling & Lake Erie Ry. Co. at $96 per share
Proceeds from bank loan made Nov. 19, 1941, payable
its
$11,058,528
in
instalments of $600,000 each, beginning
Feb. 19, 1942, with interest at iy8% per annum
four
quarterly
from
\
•
the
....
treasury
.
.
Total
,.>V
•
,
•'.';»<•
\
2.400,000
2,781,472
,
r
-
■ ■-
$16,240,000
*
—
——
-
redemption of these notes almost fivev years in advance of
maturity released to the treasury $16,000,000 refunding 4ya%
"The
their
15,000 shares common stock of the Detroit & Toledo
and certificates of deposit for 14.800 shares Wheeling &
5Ms% preferred stock, and 168,000 shares Wheeling &
Lake Erie Ry. common stock, and has placed company in a sounder
position to cope with unfavorable conditions which may result upon
the termination of the war, and to meet 1947 maturities.
"A capital loss of $9,092,256. reflected in profit and loss account,
resulted from the sale to the Chesapeake & Ohio of the certificates of
bonds of company,
Shore Line RR.,
Lake
Erie
Ry.
deposit for Wheeling &
sold
cate<5
under
Aug.
of
a
were
recapitalization plan of the Wheeling & Lake Erie effective
in exchange for certificates representing a like number
of 7% prior lien stock which had been purchased by com¬
1936,
1,
shares
paid
Lake Erie 4% prior Hen stock, those certificates
carried on company's books at $20,150,784.
The certifi-.
received, together with a premium of $863,947 cash,
been
having
and prior to Nov. 8, 1929, at a cost of $21,014,731.
The prices
based in part upon the accumulated dividends, aggregating
4> S
were
-
in
Co. of certifi¬
prior lien stock
of
pany on
that
whether'the-company
155,
Chicago & St. Louis RR.—Annual Report
,
able
purchased,
for
England
Public Service Co.—Hearing Granted—
May- 12
stock
both
and
increase
kwh.
$1.43
depre¬
repairs,
maturity,
Cash
with
for
maintenance,
"Company's unsecured three-year 6% notes, originally issued in Octo-'
ber, 1929, and extended in 1932, 1935 and 1938, became due and pay-
155,
V-
compared
an
reported
$1.17
...—
taxes,
expenses,
substantially
New York,
D.
$1,831,877
contingencies.
Treasury Department.—V.
G.
981,632
$1,309,703
—.—
deductions
ciation,
cates of
companies
as
85,321
$2,813,509
extend
in
Association—Output—
available
corresponding
52,731,224
New England
SEC
10,
was
the
and
reporting
55.653.149,
was
$2,728,189
29,707
$2,291,335
Surplus for the quarter—
Earnings per common share—
Association—Output Up 2.47%—
amount
etc
income..
net
Dividends
.'.-V*£:,;V
Association
(the
1941,.'
1942
~
—
from
Company
system
City of Saint John
had
corresponding week
New England Power
England
$1,090,603
amended, for the periods covered by this statement.—V. 155, p. 828.
{
May
726,492
$1,170,497
—
-
eral
■
New
$1,817,100
in
the
treasury.
There are outstanding in the hands of the
public $4,938,200 of debentures $2,867,000 owned by Chesapeake & Ohio
Ry. Co.).
Notes due Oct. 1, 1941, in the amount of $39,000 had not
Manager.
order by Chief Justice J.
•1841.^;j-■
of
75,123
$1,882,549
■
—
held
1942—4 Mos.—1941
Corp., Ltd.,
and
an
legal
in
income
"On
Service
ago.
feet
——
deductions
Net
.
.
cubic
$1,741,977
69,529
company received debentures in the amount of $5,173,400 for 80%
of
the face amount of notes purchased or paid.
In accordance wtih pro¬
visions of this indenture your company is required to deliver to the
week
95,531.000
$1,813,020
—
3,009,957
income
other
common
output for the May 8 week is reported at 101,617,000 cubic feet,
increase of 6.086,000
cubic feet, or 6.37%
above production of
an
income
1941
$4,751,934
3,429,916
operating
revenues
Operating expenses and taxes
chased
for
$4,939,991 $19,538,511 $16,373,009
sale
injunction
certain
1942
$5,242,936
Total
•
.
the
announces
1,343
;. $94,641
Tel.
——
—
/-•
provided
1942—Month—1941
1,155
prior year and interest...i.3,155
interest
said,
approval.
1942—4 Wks.—1941
.
2,316
u——_—.
&
liabilities
Total
it
made
? Gas
i
vNet
have
ended May 8 this association reports electric
output
kwh.
This is an increase of 448,418 kwh., or 4.23%
production of 10,612,236 kwh. for the corresponding week a
w-The
,
fees)--,i_ux_iX.V-v.
tax—
taxes
Federal income.tax
common
common
Pennsylvania's
.
the
an
,
the
above
-
22,528
with
Tel.
Amer.
accrued
9,810,506
Total
ultimate
New England Gas & Electric
;
—$125,139
General expenses
140,000,000
4,150,000
...
from
and
be
of>11,060.654
A
$2,671
v.
122,468
connection
stock
—V. 155, p. 604.
...
The
'
Southard, Vice-President
3851.
the
.
Total, income
Light
totaled $3,810,178 in 1941.
This was equal,
requirements, to 39 cents a common share,
of $5,255,272, or 65 cents a common
share,
common
Co.-
1515.
John
dissolving
31, 1942;
dividends
Exn«nses in
two
would
"
Power
however,
Mr. Sawyer
plan,
a
;
dividend
with
Light
155, p.
other
CorpP-<^ar0rly
Income,
Incomes-Interest
696,544
236,248,945 228,539,118
&
contemplates that National
retirement
,
of National
The
and
Association
:'-r.;
of
and
companies
-v.
to
the SEC
to
he said,
complete
»
income
ended
-
^ National Investors
Power
consequences,
presented
revised
The announcement followed
p.
23,528,330
1841.
p.
2,256,439
766,852
Depreciation and amortization
October,
sale
.1!Total production in kilowatt hours,
Total
Blyth
last
New Brunswick Power Co.—Sells Tram
System—
debentures;.—
;
—V.
and
Carolina
of
.
war
The
shares
surplus
2,673,118
supplies
Deferred credits
National
Co.
":.vv-
preferred
Saint
624,650
403,148
,
and
income
56,123
5,175,081
Liabilities—
Capital
gage
246,260
compensation plar—
Federal
Lighting
of
SEC
the
capital
and
stocks
common
-
from
of the
—V.
90,814
1,505,387-
—-
on Feb. ' 2____—.1,022,724redeemable within one year.———L.———
916,000
for
10-year
etc.)—-Z_—-—..
689,516;
56,403
,!*;
——
Advances
stock
412,926
payable
Debentures
Reserve
income,
Fed.
—
691,880
5,683,363
...
charges
to
(J. J.) Newberry Co.—April Sales—
.
—-———-—————i—
additional
for
Dividend
Earned
i
accruals
Other
Res.
than
interest
Debenture
1940
226,377,330 219,665,415
Total
The
1,604,155
—_——————
$2,201,065
1941
investments
....
(The)
refinance
Province,
:——
——
payable—Trade
preferred
Houston
21.6%,
or
Freres
filed
,
$8,750,000.
•liabilities-—Payrolls .'J*
128,869
7,000,000
$139,578
1
subsidiary.
only
,
Accrued
124,325
.
became
$6,884,753
$5,232,324 $28,111,414 $20,035,550
April 25, last, stores in operation totaled. 1,002, as compared with
1,059 a year earlier.—V. 155, p. 1841.
• •;
$91,305,023
i———
9,329,935
8,050,000
balance
and other
Total
which
On
'
payable—Banks
Accounts
subsidiaries
offer,
-
—
-
'
-
of
Power
Period End. Apr. 25—
1
Liabilities—
sale
Sales
5,648,521
13,208,527
900,757
;—
-
was
exchange
common
plan,
$1,841,494
40,817,616-
•
;.
stock
common
on
27,741
8,313,904
:
and
"I National Tea Co.—Sales Up—
$2,680,119
—
$9,302,194
Dr550,543
fixed charges..
deductions
and
"■
:
Period End. Apr. 30—
Sales
-
charges
Bond
plan for
provisions of
disclosed May 12 by
—28,049,482
(net)—;
equipment
and
'Total
Notes
Barney
■■'rv.tiy:•
•'
;
——...—u-——-——-.i-.—_--
■
plant
of
National
„—-
'(net).
uj
5,683,471
$8,864,446
Accounts receivable
revised
a
sentence"
by order of the SEC to 25% of net earnings
stock since June 1, 1941.—V. 155, p. 1412,
1941
Investments
Property,-
it
outright
preferred
original liquidation
1941.
1,600,000
i——
■—
receivable—trade
accounts
and
:
-
compared
of
;,'f:
———
Notes
Sheet,
Electric
SEC
200.000
•
Kuhn, Loeb & Co
Consolidated
of
holders
April 30,
by Smith,
Power
200,000
Walker & Co
H.
the
the
"death
would be used for general
corporate pur¬
and to strengthen the capital structure of another1
subsidiary,
Pennsylvania Power & Light Co.
It was then contemplated to
Net
200,000
Weeks.
795,000
operating
income—
(net)—
Working funds
stock
outright.
after
250,000
475,000
475,000
28,
shares
a
of
as
Power Co.
200,000
„
in
with
the
325,000
Feabody & Co.
& Webster and
$19,845,827 $17,878,914
3,449,975
2,893,249.
6,736,404
Material
...
,
Birmingham Electric probably will be sold sold direct to the City of
Birmingham, or to another utility system, presumably the Alabama
<;
200,000
Blodget, Incorp
,
preferred, will receive
in liquidation a pro rata portion of
Pennsylvania Power and Carolina
Power, plus whatever remaining assets are available for distribution.
325.000
—
& Sons—
Stone
two
Co.,
stockholders,
325,000
Alex.
&
unit
file
with
Power
January
impracticable
:
Eastman, Dillon & Co.
Kidder,
will
instead
National
on
its
and
650,000
Brown
National
the
Inc.
In
revised
$475,000
Co.— : ;
4,815,292
taxes
income
Plant
of
goal
which
475,000
Brothers..
of
receive
The
Brown
Goldman, Sachs & Co.
Lehman
subholding
soon
conformance
Pennsylvania
Power common
stockholders, thus- completing liquidation.
'/ *;
Incorp.__
&
important
distribute
and
Co..:
&
Wertheim
,
Light Co.—-To Revise Liquidation
Utility Holding Company Act,
Proceeds
participation
Co.
&
Inc.—.
Co.,
Power &
in
Power
the
*
*
W.
revenues
Assets—
public. '
sold
Bank,
...
409,274
5,234,689
—
Light & Power Co., Ltd.—Tenders—
subsidiaries, Birmingham
Co., following which the
bank
,
,
....
taxes
Income
Sawyer,
National
Bank,
$500,000;
"
$2,$00,000
& Co., Inc.—
Blyth
of
names
<
»
-
its
.
Manufacturers
proceeds of
the
loans,
B.
Co.,
in the general funds of
with the general conduct•of.
'
follows:
—
Co.,
Trust
-
•
system,
Public
headed
re¬
placed
bank
other
City
National
•
Ripley & Co.
Inc.
&
were
connection
.
Glore, Forgan & Co.
Harriman
in
replace
-
as
Bank
loans
used
Underwriters—The
each
$2,750,000;
1602.
had been tendered in exchange and
the company,
obtaining the maximum exchange possible in order to
liquidation program, now intends to use the facilities of
security dealers to speed up the offer.
The securities group will be
deducting
National
$500,000.
from such
the
of
Co.,
Trust
Co.
desirous
cumu¬
outstanding
presently
below: .Chase
shown
are
Chemical
$500,000;
proceeds
were so
repaid
York
Harriman
The
;
be
to
New
Co..
Bros.
the
8,710,035 r
$
poses
and
7,599,669
4,425,895
448,375
expenses
Surplus
expedite
(estimated to amount
Guaranty Trust Co. of New York, $500,000;
$3,000,000;
Trust
of
repayment
155, p.
However,
the corporation and the balance will be placed in the general •
the corporation and used lor general corporate purposes.'
of
bank
The
the
to
$0.59
and
expenses and underwriting discounts or commissions>,• to be
received by the corporation from the sale of the debentures, $11,000,000
be
$267,397
$0.69
would
estimated
will
$310,602
effective
series.
proceeds
interest
$17,938
preferred
been
—n
deductions
interest)....
per ^share.
Under
the
par),
$100),
(par
Proceeds—Of
of
1942,
20,
$20,230
holders
authorized capital stock of
increased to 3,150,000 shares, consisting of 3,000,-,
common
preferred
Application
to
filed Feb.
138,926
the
Outstanding
have
7,831,965
9,715,295
4,633,046
...
taxes.
profits
excess
9,379,311
.
through operation of the sinking fund and $17,000 have been
corporation,
134,128
inc.
President, in his annual report to stockholders.
Two important features in the revised plan call for (1) the utiliza¬
tion, of a nation-wide group of security dealers to facilitate an ex¬
change plan for outstanding National Power preferred stock, and (2)
a
pro rata distribution of certain subsidiary stocks to common stock¬
purchased by the corporation and are held in its treasury.
r
; tBy
a certificate of amendment of the certificate of incorporation
of
11,389
P.
3Va% debentures, 1949
$22,500,0000
°$21,108,000
par)—13,000,000 shs. 2,044,803 shs.
(no
$406,323
11,331
the
^ Funded Debt and Capitalization, Dee., 31, 1941
10-year
$444,731
Company,
V
the cost of whiskey sold by the cor¬
poration and its subsidiaries.
On July 1, 1938, this tax was increased
from $2 to $2.25 per proof gallon; on July 1,
1940, from $2.25 to $3;
and on Oct. 1, 1941, from $3 to $4.
~
^
«
$29,327
liquidation
of
part
$31,561
Share
interest
and
amortization
of
debt
expense
and Federal
and capital stock taxes.
Corporation calls attention to the fact that the Federal withdrawal
a
1940
247,258
Plan—
approxi¬
.
155,
$53,218,392
—
miscellaneous
operating
Interest
$653,581
334,625
National
tBefore
constitutes
$779,355
>
Ltd., trustee, 20 King Street East, Toronto 2,
Canada, until May 15 offered to receive bids for the sale to it of first
mortgage bonds, series A, dated May 1, 1930, to an amount sufficient
to exhaust
approximately $22,700.—V. 133, p. 642.
$25,879,067;
1938,
expenses___
...
Deferred
Income
tax
-
21,685
res.
National
7,007,124
'
amortization
Income available for
The National Trust Co.,
7,099,656
1937,
the
Net
Federal
'
6,711,962
mated
$51,012
27,790
—V.
7,850,506
8,925,896
and
Federal income
Dividends
$7,861,969
9,797,671
■.> ♦The aggregate Federal excise
corporation and included in the
19,609
order
'
Net income—
■>
Net Income
65,005,557 ;>
1941——„
22,845
re-
the
$57,943,158
10,233,962
expenses
and
Current
79,650,785
_J>.
before
$59,350
Earnings
1,860,634
■
Debt.; Etc.
$64,806,978 $10,524,349
1938—68,676,784
155
with
consumers.—V.
-Income Statement—
.;
Cash
with
.! Federal
Inc. and
:
Interest.
inc.
(includ.
Years
Calendar
for
' .;yv/
tProfit
983
or
.—
Operating rents
$633,971
auicruals
Total
the
412,380
*"
Amort, of; Cap. Stock
"Net Sales
$756,510
net..
extension of another
an
compliance
Bell Telephone Co.
revenues
expenses
Other
tirement res. accr'ls
$38,544,603
goods.—;
Depreciation
Net
be-
$50,857
for
investors
1,559,492
1,881,641
$58,367
of
Comparative Condensed Balance Sheet, Dec, 31
and its con¬
$40,817,617, as follows:
supplies-—
fi
"
138,411
time
maintenance
Current
Other
157,523
Gross Income—
„
;-v
.-..I..——_
Operations
-v
income,
Retirement
corporation
was
$2,193,464
Kentucky,;,
requirements.
2
Statement
,
the
1941,
in
types ,of
sales
imported
and
process...
inc.
oper.
Gross
.y:
-
inventories,-
These
-
stored
and
and
age
future
inventories
at
as
spirits
new
to
as
estimated
of -the
Revenue.
distilled
was
subsidiaries under
its
and
Internal
of
products, materials, and
I' 1
'
corporation
53%-
distributed
and
subsidiaries
Matured
Other
the
Bureau
well
present
book
Stocks
of
the
$2,638,151
substantial quantities of whiskey
purchase of certain distilleries located in Ken¬
approximately
cost
tax
11942—12 Mos.—1941
$189,268
of
protection
1941
operating
•.
fare retirement reserve
accruals.!...
■
Other
000,000 original gauge proof gallons, which were held in United States
supervision
$215,890
.i__—•
Utility
Vf'
during the past three years.
:
!
inventories of aging American whiskies owned by
its subsidiaries amounted to approximately 68,-
and
were
Total
'
-
——16,454,584
sources
1941,
corporation
1942—Month—1941
Operating revenues
deductions
and
1941---—-1.—22,691,948;
acquired
Income
"v
,
companies
Federal
New Jersey
(& Subs.)—Earnings—
'
14,113,874
1939_:--—16,510,737:
1937—10,234,009
the
the
■■ "'.'' i,
General
,
1938-W.-i——
26,214,124
22,836,470
be
Total
Corporation and Subsidiaries
(Original gauge proof gallons)
————:22,935,480
to
National Gas & Electric
Corp.
Production by
1934
considered
period
1016.
stock
$10,284,704.
predecessor
lesser
for
Commercial
'
,,
is
: from
total,
p.
Traffic
storage
<
what
acquired
$3,149,073;
necessary
at cost
the corporation; subsequent
purchases have been recorded
Investments, based on market quotations as at March 31, 1942,
amounted to $6,833,191, or
$2,577,656 less than cost.—V. 155, p. 541.
is
distillation,
at
puposes,
held,
comply with the order" and whether
some
or
is
thereof -to
18,
chiefly engaged, directly or through subsidiaries,1
and sale of various types of American
whiskies.
; v\: 1 '
" ; :
' 'v;:
The production of
whiskey by the corporation and its subsidiaries
Is shown in the following tabulation for the years ended Dec. 31:
the
in
tax
capital
year
at cost.
-
April
Virginia,
in
income
Note—Investments
■
•:
for expenses,
taxes, etc., $13,287;
surplus, $11,100,908; treasury stock
par), $2,319,582;
for
1948, 100Va%, and if redeemed on or
Listing—Corporation has agreed, upon request of Glore, Porgan &
Co, and Harriman Ripley & Co., Inc., to make/application for the list¬
efforts to
Balance Sheet, March 31, 1942
-
notice,
like
thereafter,'at the
1923
—
.
,
•
i«
i
_
_i_
—
^
J
4-Un
«M A
TViarn
A
nmimul ofon
•
1924 '
.':/:•
z-,•*
dividends
thereafter,
were
Dividends
"
thereafter.
paid
to
7%
of
rate
1,-1936,
to Aug.
V
;:
for Federal normal income taxes was required for the
and 1940, and the provision for 1941 was substantially
provision
.1939
years
as
and
discount
debt
deduction of
result of the
a
expense
the
premium
bonds refunded
on
was
owned and
in October,- 1939.'/ No*
retire
provision has been made for Federal excess profits tax.—V. 155, p. 1017. /
/
•
- a C
../Monday, May 18rl942
The; balance; of the debentures,;
$3,378,500,
or
are
held by persons other than North .American Co.:,;*'!;:ri* ,.' I
North
(2)
i
the
American
Light
Power
&
Co,
to
proposes
acquire
and
$3,376;500 of debentures held-by persons other* than Northby the payment on.July -L (1942, ,of;the principal thereof;
Interest to said date after giving notice by publication:
American Co.
plus
net decrease of $20,752,550 in
a
V.-
v
Light & Power Co,
and unamortized
funded debt outstanding
5
in the hands of the public, and an increase of $2,400,000
in loans
[ Niagara Falls Power Co. (& Subs,)--Income; Statement/
'payable.
There was also a net increase of $534,628 in liability on. A'.' Calendar Years—
'i' ./i"
1941
1940
/equipment purchase agreements.
~.
.
■ /v /■: •
y • •
- - ////:
Operating revenues
$16,761,282 $13,741,486
/"Notwithstanding the progress that has been made in reducing in¬
Operating revenue deductions (incl, taxes)
: 13,159,519
9,903,309*
debtedness,
approaching
maturities will continue to
consume sub¬
stantial amounts of future earnings.
Company is required to retire /
Operating income
' $3,601,763
$3,838,176 /
in each of the years 1942 to 1949, inclusive, a par amount of 6 %
Other income
,262,643 -'
261,845 :
debentures equal to 25% of the net income of the next preceding year,
but in any event not less than $400,000 par amount of debentures in
./Gross; income'/^/,!4-/-^r-^T!-!^^.-4!/-^4-i/'$3,864,407-/ $4,100,0211
each
year." The 1942 requirement has already been met, and there
/Income deducti9ns
—'—/ 1,044,404- 1,097,193
remain in the treasury of the company $2,026,200 debentures which,
may be used in complying with future requirements.
After these have,
v.,u.u,uu.
$3,002,827 .
been absorbed company will be required to use cash for the purchase
Dividends paid ; 2,968,964 '
1,929,827".
or redemption of outstanding debentures.*' Of far greater importance.J
1 Period End. Mar. 31—. i 1942—3 Mos.-rr-1941
1942—12 Mos.—1941
though, is the problem presented by the maturity on Jan. 1; 1947, of
Operating
revenues—^/ $4,306,461 !$3,852,804 $17,244,939; $14,478,901
$7,243,000 Lake Erie & Western RR. extended first mortgage 3% bonds, v
and on Oct. 1, 1947, of $15,743,00 New York, Chicago & St. Louis RR.-;
♦Qper, rev, deductions3,651,798 ; 2,870,129 .13,941,187 .10,451,941
extended first mortgage 3% % bonds.
These issues were extended In
Operating income
<
$654,663
- $982,674 ( $3,273,752
$4,026,959 .;
1937,, each Tor a period x>f 10 years, and the refunding mortgages of
Other.income i*.*,!!.!..- 64,598
70,596
v. 256,645
264,314
company,, which is a junior lien onthe mileage securing the issues,
( ;i/:.'VW,
does
not
*ltm
r"H r mm
"
J .Mil
'.."i* . h»| ntf.
hi. in
permit further
extensions. - This lends emphasis to the! Gross income
/ -$719,261 ' $1,<153,270
linportance of conducting company's affairs in a way to insure as far
$3,530,397
$4,291,274
as practicable the successful meeting of these maturities In 1947'." r
;
Income; deductions^-.!!,
256,147 l
262,522
1,040,029
1,081,421."
-"There
;
'
reduced
Summarizing
yii'
(v-
No
credited to income.;
were also, received byr
and at the rate of, 4%:
'/•" >/
;
!/•'•-y /*
and
company
from the dates of purchase
accruing
at the
"company
/-THE COMMERCIAL & FINANCIAL CHRONICLE'
and
to
accrued
mailing
debenture holders'- surrendering their -debentures
principal amount thereof plus accrued interest will:
to
have waived their right
to receive any call or
that
the
of
payment
be
not
—
of such notice-tq ail registered owners; said notice;
a copy
provide
upon
.
deemed *
redemption premium if it shall be determined In the event of judicial;
that they are entitled to receive said premium.
The proposed;
review
'
'
transaction dos not contemplate the redemption or acquisition at the
time of the debentures held, by North American Co.
.
same
•
said
1,
amount
in
the
1942, North American Light & Power Co. had on
of $3,868,897, of-which $524,478 is held by-
under the debenture
debentures./.1
The
(4)
redeemed after July
-*
1941, and
1,
involuntary. liquidation
.
*!
.t'r
Operating revenues:
ii
-*
>
'
"
.
'
-
;
1
•
A
'
♦Provision
141,365
•
//Miscellaneous—freight-
/903,983
of
amount
The
and
debentures.
-
•
f
1,474,960
■
a.;,1,521,865..?;
General'
37,130'
1,448,366
r
Transportation for investment—^credit——,. —12,096...
12,689,
;
Tqital operating
Net
operating
expenses
$34,961,299 $31,111,419
.
revenue
for
25,257,990 ". 15,311,9833,579,564
3,204,569
.—_—
accruals—
—
Npt railway operating income
income ——'
^
•_*
-
$17;568,115
-
redemption,
for
/)•' J?C'
•
'-'vv-
'•
(Total, income
—/—i!—
Miscellaneous deductions
*
*
debt—*
on
■
-
-
I
*
income
Net
Income
1
^Includes depreciation:
..
.J-
.
". "
,
'
„
98,163 /
-•
-
98,673:
-
.
-
h/v
't/f. '
v-Vrf
tJ
collat.
'
fl
-
ft
,r
r
o-
..
.
1942—3 Mos,-*-1941
-
Net
"V;
.
25,270,652 105,809,589
94,004,916
18,053,485
81,298,166
68,382,184/
7,217,167
209.460
24,511,423
25,622,732:
729,162
844,526'
„
;
,
6,189,290
2,464,665
.
1
.
4;979,211
'
^
*
'
.
1,885,425
of- net- -in-/, *• ^
-
by a
sub.
4
>
.
' *
:—
* ^
* *
•
1940-
preferred stks. '
Niagara * Hudson *
on
-
7,857,784
6,378.416
Other .current;
■
,
_j._!
..
3,100,011
V
^
Interest
'
stock
9,458,874:
7,377,784
Class
and
•
"
~
• -»-*
i
•-
-
—_—
2,494,005
-
A
&
>
+ /•
y.:'' T;,rf *
- A.-'■<
Trust
Governmental
Funded
Loans
debt
and
Traffic
Audited
pavable
and
/
-
..
class
!
"!*•!/ V:
/
property through income & surplus !
and loss
♦Profit
-
-!_.
,
The
/
1314.
p.
public contributed to the
company
rnVfc 155, p. *1755, 1842.
>..•?;
,
v"
-
at date of merger,
"V
April
Owen P.
Mr.
been capon inted
-
.
who
the
,
Board,
.
is
:/
-
•' v
150,
•
been
£,.
-iZ "
p.
•/-
:'/•
v
will
Aiken
2433.
«■ -
/'.'
1,
Aiken.
continue
Period End. Mar. 31—
Operating
♦Oper.
rev.
'
•
■■
!
deductions,.
$7,580,975
5,886,601
4,929,187
,
(net)
$1,694,374 ' $1,958,284
___
(Dr)
4,407.:'
4,416
.
Z
deductions.
J-
Section
!--;: 532,734 4-4,023,035-
-!
Net
-
^
i
.18.679,858.
'tlndicatedt-present/valuev;!:*;;/ ;/::*v;/*/ ,/-4 ://,
corporation^ "riet*^ assetSs: at* Mar.*fe 31,7"' 1942/ were!
$6,618,640
$7,751,055'
15,484
-15,958.
$6:603.156
$7 735.097
3,799,268
3,804,034
The
provisions
March
Federal
was :
for
income
based
on
Feder^lrincome
31v 1942,and .1941,, were
■
$1,012,166.
taxes
45%
of
forrthe
the
$2,803,888
three
155,' p.
:2164.//:i:4;!MZ4;/4Z^ 5/)/ 4/44/'ZZ" :ZZrZ Z'/"4/ZZ'
'•
estimated
taxable
and
j
=»
$282,421,
I- .;.2-"v;u
11
lb)
its
Northerh ^ndiana Public
estimated
for
Federal
the
and
taxable
three
profits
-
ended*
ended
p.
■
deductions
155,4/ ;
tax.—V.
Hv
,
,
and
and
further
The North
-
.
take
Light
any
&
Cash
v:
-
$5,102,233.
2,235,804
——«
2,175,999
' $2,767,656
Balance Sheet, Dec., 31, 1941.
.-.»
^
and
charges
''!!!!'
$2,926,239
.
^
;
,
-•>/ .:■& '■
88,113,569;
!____^-_!:!__^^!r-!!!^!!^!!!!--!and expense/—--_r—i!!:/:::-—
advances to subsidiaries,
and
^
1,756,413:
etc., cos.——4
prepaid accountS!!-!^!-i!!r—
—:!_!!-.!!!!!!!!!!!—!!!!!!!!
1,346,558;
5,718,121-
5,360,801
'
2,488,019
receivable 4-/r—!!!!—
Accounts
Due from
150.554
and .affiliated companies-!.!——
subsidiary
:
.supplies--..!!!!!-.--!!!!-.!^..^!!—!!!!!!;!?
1,576.794:
108,508,831.
American
be
that
liqui¬
plan
or
Power Co.
Coramon. stock
6,985,800
pro-*
Serial
a;
.
notes
Accounts
no
12,450,500
2,571,500.
par)
418,068,700.
-49,200.000:
maturing
payable
j!
Dividends payable on
./;. 693.586:
Z" 600,000'
in 1942—!ll
4—u./!//-'X-^-,4r4-4'' / ; ,!
preferred stocks-.--_—..4!.4
!—!—_!———ZJZS1
/;
?;
interest
Accrued
taxes "*!!!!!---!!!--—!
Miscellaneous current
liabiUties__—i—
"
"
Reserves-:
/*
,Z i
;/;//!/
,
/>
*
for. Federal, income
Contingent reserve
945.295-
2,786.371"
ZZ'" .14,231
;—
taxes:_4!_-!_.l
Depreciation
1,098.6IL
.344,371/
k>,;:
Accrued
to, comply
■. !
!'■;;•.-' w,
application, designated as Application
<
"■< v;
"\
**
t (l) Company has presently outstanding. 30-year sinking rfund deben->
turea.. series A. 5.%.%; due July: 1. .T956,.. in the principal amount of*
$9,000,000. $5,623,500 of the debentures being, owned and held by>
shares
Deferred. liabilities
plans
in
(1,806,870
:
Long-term debt
step or action
Light & Power.Go.
' 4
preferred * stock——-—————-'——
6 %
preferred stock—
5'/2%
preferred
stock—c—r!:!!—-^!!!-
North
Co./shall
a
■
7%
•
V
3,749,247
4133,500
Injuries and
damages_____l—•!!4r!_!i4-,!!4_!r_!!jl4!!i
146,176
Miscellaneous
*
4_^-^—!!!-;^!!^_!y!!!!!^!2_uc^
1 /! >278.472
Contributions.in aid of construction---—.i
Surplus
691,043'
5,751,423
.
106,508,831
_
-"-v.; 155? .p,.1603.;r../_
-4-
Company on April 30 filed an
2,
which may be summarized as follows:r :
preferred -stock
i
31,199/
,
.*$5,003,460
::/ Total 4—
the provisions of the Public Utility Holding
and said order having provided that before said
Power; Co.
—
—
Deferred
with
1935;
.
by
.
.
shall
directing
diligence to submit to this-Commission
consistent
/J///:
—
'
-
on Dec. 30, 1941, having entered an order pursuant'
(2) ;of the Public Utility Holding Company Act of>
terminated,
$5,071,039;
To
-
;
income.—4>'.-$4fb95,lil
7.__r^-._4-^__.!!!._/ /Z.' 8,349
Utility plant"—.-—.
Capital stock discount
4^Z\//:' /■'"
—
14,908,139.
———
*
•! Assets—
abandonment
1842.
-
17,322,717
Z_—
income
Investments in
permitting
prompt liquidation of North American Light &
North* American
respectively./
Z-s.'V" '
and taxes—!!ii!!l,!!r!—"
/■
Net
of
155,
•/''Z' ^Z iZZi //' *
1941. 1940'
4-:-/———/!.!—--:J- $22,717,828" $'19,979,178;
ended
*
certificate
a
*\
revenues
operating
income—net. '
Income
Income.
months
$159,940,- respectively.
excess
'*■ Z"h*■ >"'-K,
;SWvicc vGo^Statemenf of
expenses
Liabilities—
,
existence
North American.
income./
taxes-for the thre»* months
$639,694
the
of
taxes
■*'?> *$■•&£.
'•
?'■
/Gross .income
ended
for the purpose of enabling North
with the provisions of said
order that such step or action shall be the subject of an application*
or
applications: to this Commission for the entry of necessary orappropriate orders.,
;///-"•: ..4'/>.*//,'./'
•: !'"> r-'
v> v/ .v
Company filed with the SEC on April 24 an application designated*as Application
No. 1," which may be summarized as follows:
!
Company proposes to dissolve Power & Light Securities Co.,
its
wholly-owned subsidiary, and unon-dissolution transfer all the assets>
of the latter, consisting of 12,478 shares of common stock ($25 par),)
12.478 shares of 5% cumulative convertible preferred stock ($50 par),and 12.478 dividend, arrears certificates--of. Illinois Iowa Power Ca.-to '
$3,931,063
months
common?
During the period Jan. 141942, to* Mar. 31/1942, the corporation/
Utility
'
•
941,702
$746,213
for
31," 1942.
with
companies
i
.
$1,953,868
income
•Provision
and
the
No.
March
near
Company Act- of
•
a-director
1^318^438/
$1,111,888
months
directing that North American Light & Power Co.
manner
of
45,9634
iZ-/44!;!t__w—---^-—__L--_!!_:/,1,384,986
'
its Narrows branch, extending from
Bastian to milepost 34.70 at Suiter, approximately
due
943.754.
.
$2,536,980*
1,425,092
| *
Light *& Power Co.
$1,689,967
-Gross income
portion
a
American
$29,237,672 $26,430,913.
-
of
for
1942,—12 Mos.—10^1
.22,619,032
for
on-May 17 issued
ceed
has
."•*-/■//.'. /'/ %:v
*-/
•
Opera ting, income
-income-
$6,887,471
•
Other income
,
1942—3 Mos.—1941
revenues
ICC
American
r
made
directors, ::;
/ New York Power & Light Corp.^-Earnings—
;
to
1935
Chair«nan
as
been
for -the* three
$365,000
miles, in Bland County,; Va.—V.
dated
!
/
„
were
1941,
elected
Julv
on
has
4/? The Commission
announced.; /■'!*'
active service of Alfred
also announced.—Mr.
company,—V.
c't '•'
have
Vice-President
a
Executive Vice-President,, it is
Tiw retirement from
ofcthe
became
.
$1,535,490
$339,082
taxes
income
1941,
in Liquidation—,
Z'*';(Z:'ir
Young and John S»- Sinclair
Sinclair,
203,533*
8,840,000
•
5,892
stoek_ :!—4—!!! ! _'w/ 2,629,000 /?' 2,751,000'
«
7.133,000!
(par *$5) j/±si—u!*!!!!!!^ 6;843,000
Calendar Years—(
Liquidate'
Subsidiary*—Proposes Retirement of Debentures as Step
"/
/
$1,602'
-
186,372
r!__!!!4r./
* Z4/'
\0
stock
The
Materials 'And.
.
11, 1923.
//New York Life Insurance Co,'—New Directors—;
and
1,394,518
North American Light & Power Co.
capital stock in. the hands of the
■ -
$2,930,008
351,574
45%
on
Federal
and
-
company
4.16
"'l
;
-
*13.196,000 representing
Income
based
was
for
1942
milepost 30.54
261.970/
284.819^769 296,954,011'
155.
payable!!^!!!!'!/!-!!!!/'*'
—
reserves./
Operating
Operating
35,731,400/
,
'
•Includes
1942,
31,
provision
the
24:399.882
265 678,.. '
.
—$19,670,348 $24,314,570
.!
—
InCOmC—
$2,528,641
Dri,565.":" 8,339
$2,934,573
:
Norfolk & Western Railway—Abandonment—
,
594.064'
38,845,848
...
Tot«i
—V.
2.233.193<
through•.income & surplus.•!> 1.675.449;M.577.2871
Funded- debt retired
31.
Federal
1005.
% 2.109.012'
25,71.3.488
205,214
.14,1484
Mos'.—1941*
$690,656
343,220
1.955.220'
807.733
credits
Additions to
No
2,677.056 V:
-
,
1942—12
: Drl,738
$494,220
for
provisions
March
p.
2,642,299
liabilities
Unadiusted
March
The
1.596 9531
liabilities
current
Deferred
■
$837,440.
deductions—^-
♦Provision
1.569.719
..
10,921
1942, and all of the said debentures/had been cancelled at.that date.—•;
$692,394
Drl-.768
income
Net
2.495.656;
v
Accrued tax liability
Other
'•
!—>
-
167,003
A.preferred stock and $0.28:fon each ^haref of nclass.B
"/■/.!.'/'••/■/';■//' -
Other
1.586.152
payable.!!!—.;.-!
interest accrued.........
Unmatured
Income
1.144.197:
A.
"
.
$3,095,771 $13,513,972 $11,978,325
2,403,377 * 10,579,399
9,449,683/
$839,209
—
—
Gross income !
•
*
132.999.200 -153,751,750!
-
expense——_
stock..'
-
/
.1942—3 Mos.—1941
reverraes_..__
1.550
1.083 810
and
:$Id^70^«8?$24^14,370! :*
! Notes—^(1)
;M2)
*
.»
.,
$3,339,283
rev. deductions-:
2,500,074
•Oper.
200,724"
200.724
balances—1.598.070
wages
75,333.
23,178,261
v
Period End. Mar. 31—-
v * *
22.650
A 24.650;
:2,400.000
car-service
accounts
5,375
'
51,181. .4
.
shares
Operating income
36,057,706
A
grants
____!._!
unmatured!!___!-!«!!^.~-!—.-!
bills
and
ser.
4,436
t
19,282;706
ior the
90.281*
Operating
1,687,666
1.450
stock,
pref.
—!^!*
equivalent to $2,389 for each $l,000 debetiturr.5:$42T for each Share ofc
been
has
Co.
>
.
series A__l_
cumulative
,
conver.tible'debS.',/due: 1950!!^u!'_; /,8,084,OOO
preferred
:'• "After
•
' 6,994,840«
;
t*/?,^ Vr V' /
-•
;;1"
6%
on
Sheet. Mar.; 31 V / *
/
//?>///'/- :/■/,1942'
/1941
:
!/$154,101.-"- $836,240*
receivable—:—
taxes
Capital surplus
Niagara/I^ck^tZ&; QntaHo ^
,
cumulative preferred,
Premium
45,000
-
*
—
^ 4;953,759:
,
33.7441734
; *
Common
6%
;
$1,215,381 -$1,327,182
$1,316,438,
Balance
.'301
42,599
/
9,418,874>
(
'
36,057,771
stock, series -A_.*_-____
>
$1,372,482
302
..
dividends
for
Class; B -common
;^6O6,0O6 ?/2,424i025 / 2,424,0251* !
Vif-;.:
Earnings-r-
33.746.734
.
cumulative preferred
6%
$1,384,986
receivable—!-!!
—
20-year 5Ya %
^--k
40,000 ;
.
Bank
Hanover
Other income
Stock liability for conversion:
1,265,947:
$1,258,281
41,265
f' Total
•»!*
•
.
>-t:
Central
»
.
284,819,769 298,954,011
...
Liabilities—
Common
$106,536
.
v-i
r-
-
$1,357,703
3M35
discount
'■
•
4
_
31
notes
bond
Total: ■;
^
,
'«- 1,159,419
•
v
282-502;
.
1,620,091
.......
•
appointed co-i '
following issues: ; 394.553 shares first preferred 5%! / purchased In the open market! 11,100 shares of- its class B<-common'
stock at an aggregate cost of $28,878,: bndv253 .shares at its Class* A;
second preferred 5% series A, > and :15,649 shares >
second, preferred 5%■ series- B.—V. 155rP, 1755.
,
•. r *.
*
1 . preferred stock at an aggregate cost of $22,971; Also $67,000 principal'"
amount of it's debentures at an Aggregate 'doSt"bf $08,4494'' Ail of • the>.
/
>';/V Ki / Z' ' '„i i //.> ;v* «.
V ' - ' : *v
4J*- ' » ; [? Z >
•-.•■';///
- / *
''Z *1;' /''•/
said shares were held in the /treasury.'of':the.y«brpojra$ion f<nr Mar: 31,i
-1,727.390 (
as6ets.'-/*^^_^^:^iJ^ii!(;i_i^j!!t!!;/.A-272.273
.
series,
2.330385
1,963-921'
.
registrar
596.403
2,700,728
...—
$280,699
..X74fT64"
32,944
^Liabilities—
v/:./ »
Z. » //t
*.„
Accounts • payable''"''!!!!>!"4!!!44!i—$4,364
480,000
40,000
-
CorRegistrar-rThe
•
>' 7,928,429
6,691.348
•
supplies....:
,
r^
A
1,765,425
: Balance
.
-A-r-;.
«
Total
.
$313,644
$85,224 V
$96,521
1,272,480 '1,161,759
i!-—v
Unamortized
"t
7,356,801:
*
.
7,356,801
3,140,011
120,000
co.
!•
loss,>I)6b.^^31/l'9.41■i^:2'-*'ii'$3•,$45■^48'^■■•:
Cash
Unadjusted debits
y
$240,551
:
Miscellaneous assets
15,214,585 /16,815,675
.1,839,200
Powers'/>\606,006^
...
.
Deferred
y'-";.'
to
dividends
Earned; surplus
,^-of-
89,391>
«
,
■
and
tlnvestments*
25,240,585 ? 26,467i258 ',
2,447^415 .10,026,001. - 9,651r583.
,
.1,839,200
t
Balance
Divs.
».'Assets—•
~(** ,r
*•
■; * $ & <
Investment in road and equipment property...! 241,344,244.238,358,020
Investments in leased property, tnisoelL physical•. '■>%■■•,•> ■!„ -.■!■:"■
V
property, etc.",
—5.905.434 i 5.975.953 *
.Investments: 47,853.214 ,' 38.067,263 j ■ ■
Material and
.
»
/
v.
and
"Interest
\
,
133,777-Z? 144,029
——
"Accounts
-
«
z.v - V)/
7,426,626
.
3,724,625
-
income
come,
66,232
-
—
t
-A
Special deposits
AssetS—Cash
6,008,295
180,995
deductions-.-.—
Reservation
236,980 *
Comparative-Condensed* Balance -Sheetr*Dec-.
,
1,348,241
Consolidated
27,925,765
income
subsidiaries
.
'v*
$219,001
^
$76,180
t
1
Mar.
surp.,
the Commission)
„
A-
$274,834
34,283
32,734
$1,424,421
Earn,
•
il
$251,735'
'
21,917,471
revenues
rev/ deductions
120,254
prior years ——1-Divs. on cl. A pref. stk.
1942^12 Mos.*^-1941
:
•»
Subs.)Earnings— .*
.
/ /
*
'
$196,433
U
:—
Jan.
applic.
adjust.,
"
5
'/■ ■ 0:" )•••
interest,'
Total
Tax
155,"
$98,567,946.—V.
-
i
reserves!
other
capital surplus,
$50,051;
before
be held" ' **'
' Jy'v<r#v
$227,828
!—-
surp.,
Reserves
*: 9,092,256.
.
W^^bitv from; road property retired-.^-^
f>rOfit: and
$13,672,417;
total,
will
31,395
income
Net
Earned
are-
to the order of;
1940
"
*1939 * •
$273,564 4 $309,117^
- _'_1,034./;,. 4,527>
expenses-—
'taxes/etc.
de¬
.:.,4 •'/"
■
,1942-Z.Z-1941 * "
$226,7934/ $251,035
;
'I4!/./.!//
Int., taxes; reserves, etc.
$48,330,707
for -redemption* ^
trust noter called
Discount, and expense on. funded debt...,.
iJBalance :ta credit ot
v
.Divs.- on' preL^stocks of
12,588,529
:
Loss-on-sale of Wheeitng A Lake Erie Ry 4% prior lien stk;
on
capital,
$10,462,312;
-
'»}[£• '-1/*'?■ >v:
•
and interest.
Income before
$35,731,400
T
paid
-
Gross income"
,
.*
vTotal
Premium
customers'
$575,737;
>;*
*
interest accrued. $344,314;
deferred credits, $81,205;
i,/a/•■/://-A«!■ / ./■-"/■:■:/•::.
i
,
-Balance
$1,701,062 in 1942 and $1,698,796 in 1941. *••
-
$1,745,768;
fixed
of
surplus,
Operating income
Frafit^and Lass -Account, Dec. 31, 1941:
•
depreciation
earned
Operating
Oper.
Sundry; adjustments--778.
.v
accounts payable,
accrued.
30,
proposals
income
General
!:
proposed
T94i^v«4://(4444//v-
Dec.
3 Mos. End. Mar. 31—
Gross
$35,575,565;
par),
no
"4'sj.tZ;
.
OlJier. income
/.!!' $12,588,529 ) $3,512,157
------
Amount to credit of profit 8r loss, Dec. 31, 1940__-i.—--,__—
Credit balance transferred from income.
u'
-
1
Income
J
balance
shares,
iv
Dividends
notes
(742,241
of
/the
Z Niagara Share Corp. of Md/ (&
$3,610,829'
$12,686,691
——
applied- to sinking &-other reserve-funds-
Income
$2,659,357;
stock
Period End. Mar. 31—
Other
:
tax.
*"//*•*
-
/: ./ v4/ZZ
that the transactions" therein
.
—-—*
-
.-/.c
respec¬
profits
excess
in-connection with theand accord¬
company,
*
of its existence, pursuant
A- hearing * on
Niagara Hudson Power Corp. (& Subs.)—Earnings-r-
*
s*
$19,752,768 $10,831,084.
191,675
'180,398'
3,532
3,532
6,870,870
7,036,325
!—•
Federal
$298,674,
state
May 18,—V. 155, p. 1842.
advances to
$4,466,203;
accounts,
cash,
taxes
.v/
506.
;p.
,
—-!w!—***
,———
Rent for leased roads and equipment-
Interest
'.V
for
contributions-in aid of construction,
$5,535,603;
/-*:404,205 • / 472,149
income
and
$629,939
were
made
been
has
$1,200,000;
$2,577;
$640,897;
1,866,530.
'' * 1,780,450**
Other
1941,
of, the
termination
a
the- Commission
aggregate
first and refunding mortgage bonds, 1966, $28,293,000; bonds called
posits,
,$8,492,405
Dividend
The
and
other current and accrued liabilities, $388,500;
Operating income —!_——-——— $21,678,426. $12,107,415
,
fund
and
$3,722,345;
reserve
Equipment rents—net
^——
Dr3,641,629 Dr3,158,961.
Joint facility rents—/net-——, Z)r468,681
Dr456,048
income.
Consolidated Balance Sheet* -en/Deo. 31,* 1841
Liabilities-Common
3V2 %
Railway tax
taxable
associated com->
receivable, $4,726; accounts
receivable {less reserve of $35,851), $1,906,926; interest and dividends
receivable,
$7,732;
materials
and
supplies,
$226,397;
prepayments,
$367,022; other current and working assets, $14,945; deferred debits,
$236,555: total; $98,567,946.
*
*
•
*
16,157,913'
operations
and
31,- 1942
provision
1
panies,
1,455,298.
j 18,882,948:
33,653
No
•
=
vestment
7,339,815!
——!—!—•
Miscellaneous
by The Niagara Falls Power Co.*
estimated
the
dissolution
contemplated general plan for the ultimate liquidation of thoi
a
company
Assets—Fixed capital, $84,933,680; capital stock expense, $22,059; in¬
,
!/ 7,790,544
—
of
45%
on
March
tively.
75,418-
:
based
ended
Total operating revenuesrsii'i^iiiiii^ijis • $60,219,289 $46,423,402
;
5,269,425
4,685,586
Transportation"
■
taxes
$3,209,852
provisions for Federal and Canadian income taxes for the three months,
Maintenance of way and structures—_
Traffic
Federal income
$2,490,869
.
applications
steps in
subsidiary companies for the three months ended March 31, 1942,
was
810,426*
*
86,455—
Miscellaneous—passenger
/and
A 325,486'
"'>152,194?
319,917
-
—
Express
y..
for
$.796,748
$461,114 '
^
,
i-——
•Maintenance of equipment
incom^
Net
'• /
1940
•
' .
"
$57,860,663 $44,249,823
908,906- 810,055
-
Freight
—!_—
//
1941
.
h'Passenger
A Mail
Years-5// /
on'or before July 1,1946." Z
require"
ingly the company does not propose to pay-any; call or redemption*
premium in connection with5 the retirement of-the $3,376,500 principal,
.
Calendar
be
The application states-the debenture agreement does not
(5)
the payment of any call or redemption premium
.
for
.
prior to maturity upon the* payment of ,the« principal - amount
thereof plus- a- premium* of- 1 Vs'^c. of the principal amount-thereof if
.
Income Account
/■—j.yj
;
agreement provides that the debentures shall
date
•
General
agreement-, dated-July-1,-1926, securing
,,-j
t
debenture
redeemable, at the option of the company, in whole or Irr part on any
,
.
As of April
cash
the trustee
.
.
(3)
•
hand
i
}
Co:;:" which
and .85%
also "owns
apprbximatel.vf '43.7%r"Of rthe
of: the icommon -stock
of North American^•!-.- —:• 4*4-./:/ .
.
i Flectric
outnut
week) ended
of
the- Northern /States
.
Power-
May-9,-1942. rtotale<f'44.183.0oo
Co!-
kwh.,' as
for -the'corresponding -week* last".yean,
7.6 %^-N. 155,-p.-1842
:->.!£? '.4.
31.780,000 kwh.
svstemr for "t.hev
-
comnared" 'with*
an
increase of
4- •■v-i-rt
:
1925
Northeastern
;
Water
&Electric
Corp.
." Period
.
revenues.^
$672,641
.
-A-A*etS."":
-'•"•*" '
End/Mareh 31^- M942—3 Mos.—I94t
Total, oper,
.
Subs.)—
(&
Earnings-^■»
•t
•.
•The
-^1942—12 Mos:—1941
$635,436
T
519,167
,
2,018,896
1,826,524
443,467
-
■'
Operating income——
$153,474'
$695,691
-
.
$719,893
184,727
$191,970
*
.>:( 180,576
-
income———:;:.
045,327/;;:; :V 43,904
income—A'—
Gross
prsf.'
on
Balance
$235,874
49,738 "- ;■ -51,553
"A;
Net income..——
Divs.
91,579 "
IT———„_A A
$880,418 '
than
$57,484
'
366,317
$310,486
$92,741
:
(&
V.
.
: v'
and
exps.
!•;:
•
taxes
;■
■»--i
.•
,
•
i
income—A
;*
•..
$7,285
-
$31,906
income—net--—
income
Plan
of
Long-term
more-
Dividend
Capital
debt
payable
.A-
1,387,264
r
•
1,116,533
Avenue,
Inc.,
2
A
'■
.
•'.(iA
/-i
$33,895
11,949
10,709
3,311
3,696
:
$374,145
|
V
•
Net
income
first
income
*
Co.—Earnings—- '*
3 Mos. End. Mar. 31—
A<
»
4
r
41,546
A
1942 "
profit from operations-Selling, general and administrative expense
''' '
;Vt 44,800
v
int.
1 $19,491
$16,786
bonds—3 %
$192,992
Period End. Mar. 31—
'-
'Net-
profit
33,276
$163,006
__
Earnings
per
After
,$498,864
;
comyshr.'-
$0.99
.
Federal
above
stated
net
interest.
49,111,
-V.
respectively.. ;
express
pound miles
155, p.
,
-
$46,335
/
income, surtax and
profits, tax
99%
period
of
figure
to
for
Poundage
305,963
the
like
Many of the
the
Pacific
•
shipments
in
Justice
.
John
E.
McGeehan
of
13 a motion by stockholders
records of the corporation in
of
months
the
in
the
same
this
Net
In
the N.
-
'
:
W.
A.
For
36.5 %.»^
1,275,000
first
the
36,060,
was
of
four
28.7%
a
which
1941,
January-April period, 1942, which
a
74% increase over the 175,440
■
,
months
.
Chicago, the Twin Cities and
bound for plants engaged in filling
compared
r—V.
V
1755.
p.
Net
for
the
Electric
total
the
number
first
four-month
of
of
passengers
period
«
•
Net
oper.
$933,927
$87,328 :
250
247
(net)—
paid,
income
Gross
on
on
$87,578
$935,585
debentures
22,333
268,000
275,959
9,450
i
.:
9,975
117,075
123,463
;
V
5,063
46,561
1,587
786
'I $50,281
$505,536
$470,190
334,198
'334,199
$171,338
$135,991
•/,,
to
1
Net
income
stocks for the
.
period
Balance
—V.
155, p. 1756.
Net
restated
to
Oxford
expenses
taxes—
$401,884
$418,611
6,209
$422,806
—
Interest
Net
-
other
and
deductions—
income
Dividends
on
Balance
$241,333
—
31,
Dec,
Net
141,827
$549,918
$458,860
$383,828
8,762
29,135
10,608
1941
5,053
105,600
1
72,000 "
A
common
stock
(40,522
shares
no
the
125,700
80,000
$293,221
$1.58
six
to the
S.
months
$1.01
ended
application
Mar.
of $180,953
dollars
at
the
official
"898;
ment
due
1942
in
'struction, etc., $3,661;
in
reserve for
construction,
$33,940;
of
aid
(exclusive of pay¬
$3,777,000; current liabilities
on
note), $199,067; customers'
debt,
long-term
advances
capital
surplus,
for
$213,900;.
'
■
con-
court
per
cents
share.
earned
,
Omnibus Corp.—Earnings—
for the period
3,430
182.749
equity income
expenses and miscellaneous taxes
Interest on long-term payable to Fifth Avenue
10,319
Net
excess
of
dividends
received
in net income of subsidiaries
over
equity
-
Coach
Co.,
subsidiary——.————
a
■(Provision for Federal
tax——--y——
income
33,749
9,980
^14o'n^o
Net
income
15»112
^Reference
is
made
to
March
the
31——
strike of
the
$107,567
3,344,368
employees of the two New
^Property
Notes
Other assets
excess
profits tax.—V.
154, p.
1102.
Deferred
V
A.
Total
:
3,930
of
S.
have
These
accounts
assets
(chiefly in
sheet
at<vthe
31,
dollar
been
1942i
cost^-at
converted
consisted
receivable
taxes.
The
to
United
the
net
and
profit
States,
periods ended
the
above
either
accounts
Jan.
for
the
taxes has
amounted
to
or
Feb.
28
ending
law
in
profits
31, 1942, provision for U. S. A. Income
made upon basis of 1941 law rates
of possible
increased taxes" for
been
of
process
tax
for
the-
enactment.
Provision
three-month
about
period
in
for
the
1942
$500,000 for the
is
corre¬
Subs.)—Earnings
V
'
1942
1941
$1,306,018
$1,091,614
—934,016
842.054
——
goods
Profit
31
periods
amount
sold
Selling, warehouse and administrative expenses
236.454
224,148
$135,548
$25,412
14,697
14,369
$150,245
$39,781
97,634
22,405
2,646
from
operations.^,.:
L,
Income credits, less income
charges
inc.
before
1,218
1,017
the
$21,601
rates
Such
1,800
$2,051
;
1,176
8,821
8,144
$0.08
has
proposed
Assets—Cash
made
Congress
hand
on
receivable
R7.458
notes
for
cash
for
by
and
(less
Sheet,
not
retirement
property,
of
Treasury.
due
of
of
within
preferred
plant
Mar. 31,
deposits,
lower
and
$0.40
based;on
doubtful
for
25.000
;
income taxes
the
demand
reserve
receivable
Federal
Secretary
including $19,491 for
inventories—at
the
$2,118;
company,
excess
profits^ax.
1942'
notes
$243,328;
notes
average
one
the
year,
caDital
and
cost
market,
$32,115;
of
stock
equipment,—at
and
accounts,
or
sinking
subsidiary
(less
cost
re¬
for depreciation, $1,568,404), property, plant and
equipment—
$1,829,565; deferred charges, $33,307; total, $5,579,709.
serves
_J
net,
^
Liabilities—Note payable—bank, $250,000; accounts payable, $188,064:
'
*$21,897
$13,032
accrued
($11,600
share
in
1942
income
other
and
accruals,
sidiary
Sheet,
Mar.
31 : V
1942
,
..
:
;;
1941
—
18,781
620,117
'•
422,779
V.
:
154,
p.
—!
($1
par), $182,000:
surplus,
Pato
taxes,
$47,225:
accrued
interest
in. sub¬
shares),
caoital—surplus donated
$1,325,022;
T<s? ;.V"
no
total,
:
par
$5,579,709.—
"'.V,,
.
'-.'.V '
Consolidated Gold Dredging, Ltd.—Larger Div.
333,221
200,122
220,844
common
stock, par
117,298
charges
—
other
accrued Federal.fljid
$112,653; minority
stock (25,000
preferred
$919,918; earned
963.
.74,450
—
stock
accrued
reserves,
$193,307;
common
paid-in.
$362,551;
$28,551;
23,046
18,781
—
and
$2,183,955
taxes,
company,
$1,952,000;
$2,422,194
—
salaries, wages and commissions, $18,418;
State
common
..
Balance
been
to
$884,848;
$2,554,426;
$9,233
182.000
share
provision totals $95,169,
fund
17,389
—
outstanding
$47,830),
3)5.858
14,038
subsidiary
Consolidated Balance
3,807
$30,421
12,263
taxes
State,
of
$49,965
9,643
y
$35,936
26,203
and
common
Note—Provision
35
$34,760
,
for income
prov.
taxes—Federal
Minority interest in income
29,732
'
5,234
—
for the
End. Mar. 31—
sales
Cost
507
12,363
——
——
U.
Net income
$73,512
receivable—
balance
accounts
The Parkersburg,Rig & Reel Co. (&
3 Mos.
,
28,718
;—
accounts
the
exchange at Mar.
approximate
countries.
cash,
transferred
In
tax
new
excess
50,204
On Jan.
10. last,
$3,823,494
$3,119,731
The directors have
ments in 1941
-
1 7"
and
at
in
of
151,128
29,407
'
:
commenced on March 10, 1941, and terminated on
(Provision for 1942 .Federal income taxes has been
calculated on basis of rates recommended by the Treasury Department.
Under the Revenue Act now in effect the corporation is not subject to
S.
Income
237,433
March
1941.
7
—
,,,
567
i
Cash
Corp.—which
under
:
1939
13,166
y
——:
rates
oDerating
estimated
as
accounts
Investments
foreign countries
included
included
i.e.,
not
profits
$500,000
Net
511,365
,
141,284
.■■■;.
—
•''
Inventories
Federal
excess
1942
$762,874
-
405,888 ;
363
40,348 '
to
liable ties in
been
and accrued
Canada)
7,239
.
current
Foreign
included
8,033
2,147
account
$1.§8(.
••
•
7,417
;!r-:Consolidated
York subsidiaries—Fifth Avenue Coach Co. and New York City Omnibus
22,
than
shares
$68,277
:■
$7,83^98^
$1.60
4701000
0?nA
been
profits
per
.
•
$7,614,392
$0.30
approximately $1,000,000 compared with
sponding 1941 period.—V. 155, p. 1316.
Subs.)—
$675,876
-
..
*Equivalent to 4 cents and 2 cents per
respectively.
(Loss....
$82,661
3,384,884
——
surplus—balance
for
Common
1941,
37,123
$1,841,304
have
assets,
Earnings
*835,046
Assets—
Earned
current
49,375
31,982
accr.
.
$0.38
r
the average of the month-end rates of
exchange Uowet
quoted market rates) for the respective periods.
On the
$100,381
24,470
profit
-
><'
•*<
270,000
quoted market
accounts payable
been
U.
V $212,102
1940
,
.
259
corp.
o,U4o
'
"
at
$128,705
52,475
v.
Prov. for Fed. inc. taxes
4,176,733
v'y; -.y•'
'
«s
330,000
For both periods
ending Mar.
104,065
(&
or
have
or
31.-
v
Co.
and
Empire)
39,329
Amort, of undevel. leases
Net
Total
General
assets
$125,660
rentals
profit
Int., disc. & other chgs.
^
n *,
7,197,620
the
8,765
Total
-v. -7;
1,647,380 '
'.7
-
t
"
shr.
'54,698
Depreciation
Depletion
1941
$325,694
7. ■■
v-vt':: :!
7.:;
2,345,000
not
twi::
\
♦
$3,813,684 $15,082,012 $12,486,Tl5
^
and
for
$230,948
,
profit
?!».
'O-
'
,—
I
Non-operating income— ; ;
$165,046
Refining
*
V) '..I
'
1S8$49
'
$3,984,234-
and;;/-;-:
acquisition.
have
/
,
109,613
oper.
A.
official
Mar.
29,850
898,500
Direct oper. costs—152,782
-
Intangible devel. costs—
recently authorized a final distribution to stockholders of
share, making a total since Oct. 16, 1935, of $3.0202
This makes 10 payments to date.—V. 152, p. 1137.
,
subsidiaries
net
Net
expenses
502,204
170,268
mainly
inventories,
yielded from
foreign operations in the first three months of 1942 through
foreign
branches and sales made direct from the United
States, before pro¬
208,190
income
;•./
Net inc. from sales—
389,869
■
$3,787,569 $14,790,009 $11,659,789
J. 31,115
292,003
826,926
.
taxes__
com.
per
dollars
(other
$554,207
27,765
1941
General
'
approximately $410,000, of which approximately $300,000 was from, the
Empire.
As in the past, the accounts of foreign branches
32,927
subsidiaries
on
State and local taxes—
per
Income—dividends from
of
vision
$521,280
340,787
'
;
3 Mos. End. Mar. 31—
.
of
$576,059
Net
(The)
notes
Producing- &
■/
40,808
British
1941
$222,920
't-
■••-Sip.)'---
•••
$1,449,234
protit
official
of
exchange
31,836
.
1942
Lease
The
of
$1,337,242
453,414
V
Old Dominion Co.—Final Distribution—
22.02
a
,
1942
.
sold
f 125,349
190,000
assets
less
has
charge
(& Wholly-Owned Subs.)—Earns.
$837,144
depreciation, $827,642; contributions
surplus, $59,924; total, $8,271,031.—V. 154, p. 753.
1941,
as
rate
.
sales
itJ
1942—Year- -1941
(
$3,953,725 $15,350,146 $12,320,042
—57,214
prov.
S.
British
and
earnings
Cost of goods
•
-
r.
remainder in Latin-American
$0.99'l
31,
155, p. 1683.
3 Mos. End. Mar. 31—
Net
$3,155,-
par),
*
41,732
profits
of
of
$298,972
$469,156
""$0.93
'
Browne
foregoing basis, the net assets in foreign countries shown as of Mfer.
31, 1942,
amounted to approximately $4,400,000,
of which aDDroximately $3,250,000 were in the Brit'sh Empire
(England, $1,625,000;
Canada.* $1,100,000;
Australia,
$500,000:
India,
$25,000)
and
the
.
taxes
1
w
103,044
income
lower
into
5,053
^
$1,369,078
Earnings—
-
yv'1.-
Empire
date
•
Federal
-
and
(& Subs.)—Earnings—
and
profits taxes_.
for
Fixed
(net)
Panhandle
deferred charges, $315,054; total, $8,271,031.
Liabilities—Class
U.
Current
the
■'"?■'
219,893
for
r
-
—
income
Net
y»
—V. 155, p. 1843.
Assets—Tangible property, $7,383,955; intangibles, $118,247; miscel¬
laneous investments—at cost, $1,650; current assets (including $275,791
cash), $452,125;
' ( ;
1942—3 Mos.—1941
^transferred from Brit-
65,102
-
35,094
shr..
and
"wrongs
-
Bioff
$348,734
give effect
bonds
on
Provision
$219,744
stock
Sheet,
Interest
203,062
222,871
——
——
class A common
.
166,759
:
v
$3,927,020
for
excess
4,336,280
103,846
Depreciation
Income
Gross
of
rights
foreign
operations before depreciation
income
committed
•■:
to
moneys
testimony given in the U. S. District
Bioff
and Browne,"
the court saidl
$4,071,796
before
for
Prov.
-
3,951,498
Total income,
4,194
$408,092
income
Other
the
the
and amort, of
Profit
TV.
44,327
17,557
Paper Co.
of
before
Other, income,,
$4,750,116
$414,532
$403,729
3 Mos. End. Mar. 31—
Gain from
had
allowed.
corporation
& Co.
period
U.
be
.
the
1940
$754,693
336,082
$829,521
427,637
$4,469,877
33,515
$275,518
to
Stage Employees.
Justice,:5Mcthe inspection to obtain
not
payment
trial
T
-
plant
employees
Sub.)—
(&
15,269
profit for
converted
of
plus
1941
i
and
the
charges
patent
(less
com.
net
stockholders't,iepaid byi,?tho
former officers : of
moneys
Bioff,
-
$534,649
of the Canadian dollar,—V.
earnings.
Other
per
could
the
of
directors
Pensions paid to former
Prov.
.
Year Ended Dec. 31—
;
Earnings
...
with
sought
whether
this
criminal
:
"7" equip,
providing $15,600 for income and excess profits taxes, and a net profit
of $97,041 for the six months ended
Mar. 31, 1942, after providing
$35,700 for income and excess profits taxes, are included in the above
'
Operating
profit
statement
revenues
'
•
.
Ohio Water Service Co.—Statement of IncomeOperating
the
Deprec.
fiscal year ended Sept. 30,..
1940, as explained in our annual
report for the year ended Sept. 30, 1941.
'
«
1
v.
The operating results of the Canadian
subsidiary comoany, showing
a net profit of $71,837 for the three
months ended Mar. 31, 1942, after
con¬
(credit)
contracts
Note—The
been
74,974
74
$49,906
to
2,542
58
deducts.
and
int.
charged
struction
•,
$384,388
years'
Supreme Court denied May
inspection of the books and
'
Canadian
on
Earnings
•
Int.
';k
other
.
57,085
and excess profits taxes
$943,800
22,333
$84,173
;
mortgage bonds
Int.
Other
-
'
3,108,585
f,\w
«
sin. and Canadian Inc.
;
455
■
Int.
prior
Y.
N.
an
deprec., other inc. and
'■
on!
income taxes) _•
Prov. for Fed., Wiscon-
$943,345
,
1,658
to
as
Profit from oper.
19,341
service
of
Govt,
Net
,
"
:
*
'
1
1942—6 Mos.—1941
$3,676,749
2,341,338
income
billings
3,616,277
$83,926
revs.——-
income
$2:00
charged
estimated
.
gen.
exp
profit from oper.
Adjust;
$4,559,622
3,890,832
that
Parke; Davis
Net profit before other.
12 Mos.—1941
$4,824,759
344,811
taxes
sell.,
admin,
Net
:
Other
'
♦
'
for
Other
deduc¬
rev.
and
•
$2,782,811
chgs. and inc. taxes
$390,673
:'
to
disputed in view of
in
ish
1941,
303,345
$428,737
revenues——
oper.
tions
>" "
r
Manufacturing Co.
discontinued prod., etc.
1942
•'
other
paid out must be returned to the cor)?6Mbenefited financially
by'fto'b
having any strikes or labor disputes.
However, this matter is *or1Jthe
trial court."—V.
155, p. 1756.
$0.32
sold,
deprec.
of
oper.- plant and equip.
months
of
&
the
for
connection
stockholders
as
Balance
'
products
shipping,
and
Co.—Earnings—
1942—Month—1941
Period End. Mar. 31—
Total
»'
•
*,
1942—3 Mos.—1941
sales
'Cost
Int.
Operating
-
-
Period End. Mar. 31—
.
AAA-'AA' AA
Northwestern
-
Earnings—
1942
28,021.
12,663,307
with
155,
'
Outboard, Marine
Passenger miles for the January-April
period of this year were up 35.4% over the like period of last year.
A total of
17,145,187 passenger miles was recorded for this year as
►
Co.—Expansion—
1843.
p.
Prov,
1942
the
"It appears that the sum so
tioin
whether
or
not
the
178,651'
.
be
Court
'
'
Corporation, E. J. Kulas, President has announced.
Engineering plans
the increased facilities are already well under way and work on
the additions will be started in the
very near future, he said.—V. 155,
.
of
and
proof
cannot
,;
<
[' for
between
increase over the figure for the first four
was
195,000
•
A; AA,''.AA— A A
,
that
known,"
"The
Authority for the contemplated expansion program involving an
amount in excess of $15,000,000 at the Riverside
plant of the company,
j has been received from the War Production Board and Defense Plant
President, stated:
«; V :
"Passenger miles for April, 1942, totaled 6,116,518, a gain of 43.2%
over
the
4,270,213 figure
for
April,
1941.
Passengers carried by
Northwest Airlines during April of this year totaled 12,879, as compared
with 9,436 for the same month a year ago.,. This constituted an inof
$3.21
all
providing
t
;•/
•
income
Otis Steel
year
operations report for the first four months of
said
information
Period End. Mar. 31—
Hunter,
crease
$937,082
^
Earnings per common share—$0.40
—V. 155, p. 1756.
.
•
not
'
four-month
Passengers Carried Up 36.5% in April—
Croll
Geehan
248,864
<
$2,176,133
164,169
.A"'
cargoes
;
suit, for recovery from directors
corporation to, George Browne and William
the Interna.tional Alliance of Theatrical
;
426,581
•
: $901,133
•
$742,082
Operations have been charged with the
following items:
and repairs
„y
$178,654 - $135,950
Provision for .depreciation of
plant and equip7; AA A'-;
showed
contracts.
"
after
are
counting
$759,365
.AAA:
.-
four
104,785,731
1941. '
sent
were
first
profits
"
and
*
;
Maintenance
the same period of last.
A total of
carried by N. W. A. in the January-April
pounds
period,
northwest
Government
the
$0.69
taxes
>
;
excess
—
over
were
compared with
as
1941.
"amounted
for
increase
209,367,000 pound miles
A;
v.
<
Paramount Pictures, Inc.—Stockholders Lose
Plea—
.
general
1516.
;
,
1942
f
$1,023,320"
excess
V/155,
1,731,897
Net
Net income before Federal income
taxes..
Provision for Federal
of 68,709,922 pound miles of express was carried last month
compared with 26,308,383 pound miles in April, 1941, P. R. Erickson,
manager of air mail and express, revealed in a departmental report.
Figures on pounds of express for the same two periods were 96,344
period of
l
'
profits taxes of $90,754 for the quarter ended Mar.'
31, 1942, and of $507,085 for the nine months ended Mar.
31, 1942.-»p. 605.
'
>
1941
*
■
A.total
„
(ue
1942—9 Mos.—1942«
$350,295' $1,601,591
deducting all estimated Federal
Note—The
$2,491,262
as
a
1942
i-
,1
1942—3 Mos.—1941
■
1,824,284
operating profit—A*.
i&i.
7 $1,951,758
Dividends, interest and other income (Credit)
369,000
Miscellaneous income deductions, etc.
--jl—
144,625
$79,611
29,986
inc.
company's planes in April almost tripled the air express pound
; miles flown during the same month last year, It is announced. '
?
Air
W''.',;.'•'
A
Paraffine Companies, Inc.—Earnings—
$3,776,042
——
r
Northwest Airlines, Inc.—Air Express Increases—
experienced
$3,119,7^1
depreciation, depletion and amortization of $3,493,925 in
$3,641,552 in 1941,
(Since July 31, 1938.—V. 155,
p. 829.
•7 ; i
143,
A •
- t -
_
Gross
134,485
The
•
28, 144
After
and
/AAA
,
ln Cassia County, Idaho.—V.
A-A A AA/'A'A'A/AA'1'* /A'A-A - Kr'-'?4,-p A
•/,'"r
Otis Elevator
;•
;A
collateral lien
^Excludes income
and
1,298" 108
$3,823,494
-
on
932* V:«>;A'
~-
$258,897
■.
:139,606
;
of
1,405,810
239,335
,
on
111, 993
1,330
f •
$32,046
ICC
P#
Balance before deduc¬
tion
95, 783
478, 394
90,541
•-<
.
.surplus
Total
"7.;:/:- } n
Idahome, approximately 18.66 miles.
$257,567
2,254
Z'X'Z 211
".y
f
—
—v ■*;
deductions.—
Interest
201, 901
■,
208,689
surplus
"^Earned
June
on
AA
'.
-
$33,684 —•$371,891'
-
140
.
before
[—depreciation
Depreciation
■"Income
$905 407
*.
134,652'v
89,503,
749,556
Accrued .liabilities
due
coupons
$905,407
,
Notes ' payable"
■
1936.
(148, p. 3383.
The
"
;
Gross
for
'
the company, and abandonment
^
$1,374,100
$1,759,156
'
'*
unpresented
^
May 7 issued a certificate permitting abandonment by
of operation by the Union Pacific RR.,
lessee, of that portion of the so-called Raft River branch line extend¬
ing easterly and southeasterly from Declo to the end of the branch at
1942—12 Mos.—1941
V
$130,969
.
.152,266
Other
trustee
Oregon Short Line RR.—Abandonment—
Subs.)-—Earnings—
1942—Month—1941
revenues.A-' A; $184,172
Operating
of-certain
the
<•
v
-
Period End. Mar. 31—
oper,.
of
*
(
'
Total
payment
office
*
-
'I
($1
.
North Texas Co.
Operating
the
•.
•
:
.
$321,402
-
make
at
-
1,-t
stock
Accounts payable
9, 1942, unless the holders of the unpresented bonds and
coupons shall
present them for payment prior to such date.
On and after June 9,
1942, the holders of the unpresented bonds and
coupons shall
be
f entitled to look only to One Park Avenue, Inc., for
payment thereof."-—
$687,720
366,317
to
years
New
Reorganization approved April 22,
-■"Such-funds will be returned to One Park
212,749
.$676,803
91,579 ;;
six
available
states:
L'abilities—■
Common
trustee,
York, N. Y„ in a
unpresented first mortgage serial G7e
holders of certain
been
Co.,
semi-annually from May 6, 1932, to and including May 6, 1935. J
have also been available for a like
period to make payment
1° 70% =of the face amount of certain unpresented
bonds, pursuant to
-
—
Trust
gold bonds and coupons,
have
■J
Bldg.,. Nt Y. City—Bond Funds—
&
Bank
--"Funds
the
$900,468
.
*• '203,615
y
$184,320
$149,062
;
stock—*;
155, p. 1315.
"»v'
) :$196,801
Total deductions—
'■
the
"Funds
»
pther
to
coupon
$2,546,416
-
Total oper. exps. & taxes
Continental
notice
t
$2,714,587
«
One Park Avenue
-
a
were
declared a dividend of 15 cents per share oh the
$1, payable June 15 to holders of record May 29.
distribution of 10 cents per share was made.
Pay¬
as
follows:
June
extra, and Sept. 29, 10 cents regular.
25,
10
cents regular and 2 cents
1926
THE COMMERCIAL & FINANCIAL CHRONICLE
;
Penick & Ford, Ltd., Inc.
1942
1941
$2,296,174
Gross
prof, and inc. from oper
Selling,
advertising,
general
$1,271,958
administrative
769,129
663,960
18,144
11,749
$619,746
129,529
1,116,232
135,864
\ 149,190
$299,428
$334,693
$277,951
369,000
369,000
369,000
$0.81
Depreciation
$0.91
$0.75
■;
"Taxes
———.
—
income
—————
Number of capital
shares..
share..—1——-
6,180
$2,501,729
$2,598,753
v
1,439,172
1,420,951
>
$1,177,802
—
—:
*
,
deductions v—
!
income
is based
1942,
for Federal
upon
income
anticipated
an
tax
1942
tl% have
panies do not consider that
for
the
tax
period
of
rate
from
40%
Jan.
1,
excess
Federal income and excess profits taxes for 1942 provided for on basis
rof Treasury Department's proposed rates.-—V. 155, p. 829.
$852,611 in each of the periods shown.—V. 155, p. 829.
per
Years Ended Dec. 31—
Operating
expenses
taxes.!-——-i—.
and
from
deductions
Miscellaneous
income
(net)—
Earnings
$189,036 :
per
Net
earnings
Interest
Net
income
Dividends
$772,884
$627,495
140,000
$487,495
Balance
Current
assets
-.y......
i
—
Prepaid accounts and deferred charges
Percentage
:
450,394
Common
—
stock
stock
$2,500,000
2,716,141
Long-term debt
Current liabilities
:
816,347
4,069,998
3,914,197
42,911
38,359
745,974
614,305
155,
Total
on
of
total
stock
by foreign holders on March 31 was
end of 1941 and with 3.05% ,on March"
7-y;
,
1942—Month—1941$2,499,903
$2,145,856
Net
Net
*
•
30—
7
<
1942
will
shares
V.
■
of $175,000
series
will
bonds
A
be
capital
$650,562;
stock,
of
bonds
which
(authorized
Colonial
$500,000)
will
and
ties
2,687
own
and
prepaid
(And Wholly
Period End. Mar. 31—
1942—3 Mos.—1941
of
I stock,
June
$1,586,057
1,682,923
1,590,452
Operating income
income
stock,
in
year,
burners
«
$6,367,405
$5,357,522
6,367,698;
31,
']:■!'.'£
1942
parts
16,890
by the
Corp.,
1941
no
7,237
9,075
25,696
Earnings
per
tLoss.—V.
Net
y
were
2,543
1
( 3,100
18,982
$14,818,;;
30,214
income
shr.
yvy; $0.09
$0.09
of
etc.
for
1942
V:
y(
$0.07
mortgages
payable,
pletion
Total
155,
10
cents
share
per
1 :and
May
1,
$1.40,—V. 155, p., 402.
made.
was
7,336,902
and
income
1939
Products
20
cents each;
.
Co.,
.
t
Inc.
$116,661
~
allowing
after
f
1,
Aug.
4,949,104 ;
In
for full
*
-
.
'
*
498,797
461,360
$1,557,423
36,259
39,736
$2,457,237
$1,597,159
$786,586
$637,889
217,442
...312,778
^86,698
432,690
-
"$564,990
dividend
___
debt
472,108
506,805
been
dend
.
7''1 7.7, '7';>
f$2,239,795
::-'y :y'i.'-7y7v77
.$1,284,381
$399,888V?
,
on
pre¬
V
.
1
,
tProfit
before
provision
for
Federal
income,
Assets—Cash,
$2,358,830;
Sheet,
March
31,
surtax
and accounts receivable( less re¬
$2,118,867; U. S. Government securities,
on deposit with State Workmen's
Compensation Commissions, $35,000;
Cash on deposit with trustee, $5,500; sundry investments and deferred
receivables,
land,
$49,303;
$7,283,998;
buildings, machinery, equipment, etc.
charges to future operations, $179,591;
deferred
(net),
total,
$12,868,362.
Liabilities—Notes
(trade),
$193,580;
vision
for
bonds,
4Vi %
due
accrued
Federal
due
series,
$437,500; accounts payable
interest, etc., $380,986; pro¬
surtax, $578,172; first mortgage
$3,250,000; notes payable, 3%% series,
wages,
income
tax
1953,
series,
taxes,
$198,159;
convertible
share),
stated
at
surplus,
$1
since
per
for
reserve
preferred
contingencies,
stock
(121,200
common
$3,030,000;
stock
share),
Jan.
1,
$400,000;
1937,
829.
no
(no
par
par)
$520,000;
$7
stated
(400,000
no
cumulative
at
$25
capital
$1,728,029;
per
shares
par
surplus, $951,936; earned
total, $12,868,362.—V. 155,
■
\
-i
...
;
'
.
to
dividend
March
'V:
-•.'
.
.
-:
>'.y
Co.—Stock
America—Buys $50,000,000
$50,000,000
>
.
of the
announced
was
2'/$!% Government
new
company
;;
the
board
and
the
additional
solely
time.
.
dividend
unfilled
in
the
it
orders
the
at
history."—V.
of
.
conditions 1
earnings
with
those
close
of
155,
lric<4Seeks
y',
.
they
as
of
before
a
,,
the.quarter
The
-
v
issue
series
mortgage
3%%
be
used
to
finance
be
supplied
by
j
.
\
post-effective
" •'*"•
and other
construction
new
•,
im-
'
'
•
-
at Room 830, Peoples Gas
Building, 122 So. Michigan Ave., Chicago, before 12 Noon, CWT, on
May 18, for the sale of the issue.—V. 155, p(; 1844,
y
r
the
company
Puget Sound Power & Light Co. (& Subs.)—Earnings
1942—Month—1941
Period End. Mar. 31—
1942—12 Mos.—1941
$1,403,624 $19,517,132 $16,960,407
Operating/revenues-!—
$1,728,586
682,009
y Maintenance
110,480
97,276
1,209,902
126,935
127,547-
1,561,303
Depreciation
and the
the largest
■ '•v/v.t'
y
.
D
sold under the competive bidding Rule U-50 of
Utility. Holding Company Act.Names of under¬
public offering price, will
to registration statement.
provements to fixed capital.
Bids will be received by
•
first
$4,000,000
will .be
Public;
and
Proceeds. will
.
to
1972, ■ at the present time.
Originally company asked
issue $42,000,000 first mortgage series D 3%.% bonds,
no bids for the issue Dec. 16,
1941.
' *"
bonds
SEC's
writers,
ago
was
1684..
p;
the
'
•
to
received
but
;
•the
may
taxes' for
year
,.
Bids for
:
i^Operation ;_*_^_!!-.
light
'.yy y..'-"
reduction the
share
cents per
and| eight cents on June 16, 1941.—V. 154, p. 1270.
proposes
due
bonds,
permission
work¬
..
favorably
semi-annual dividends of eight
cashable stocks, payable June 15
This compares with 8Vn
May 29.
Servicev Co. of. Indianar
"
•
called
declared
8
the original and
on
record
15, last,
amendment
declared
rates
share
per
Co.—8-Cent Dividend—
May
on
$4,000,000 Bonds—
paid ; on March 12, last; on
1941, and on July lS, Oct. 15
was
increases in tax
compare
company's
directors
new
Federal
Other
___!*.!—
income
544,118
78,431
taxes.-
30,753
7,297,395,
6,325,447
1,051,368
1,479,551
773,096
394,178
204,57f
2,493,259
2,281,959
y $399,360
$6,182,176
"$$,427,903
148
31,776
Drl07,209
$399,508
$6,213,953
$5,320,694
3,351,556
^ 3,357,972
230,968
taxes
>
have
-
approved
an
—
as
the
to
'
was
in the "Chronicle,"
y.y>y
:v
y yy;
given
1862.
a
stock, 4Va %
The
issue
1
would
1844.
series,
Thursday, May
13,
page
and
$502,536.
.
•278,8581:--.
amortization.
Balance
Prior
-
:
-
/
279,169
$2,862,397
*—:—
$1,962,722
preference dividend requirements.—550,000
'•»"
'
f
Balance
:'
*
—'
—
550,000
.
y
'•
dividend
Preferred
.
a
applied to the payment of certain bank loans.—V.
be
>.y "...
,
v
: y :
....
.
-
155,
y : •;
Pittsburgh & Lake Erie RR.—$2 Dividend—
The directors have
stock,
..
requirements—
$2,312,397" $1,412,722
1,583,970 •. .1,583,970
company
Commission
'P.
——!!i—.
Balance
.
for
share
on May 13 filed- with the Securities and Exchange
registration statement calling for the issuance of $6,000,7000 of 20-year 3% debentures due on May 1, 1962.
;
The offering price will be supplied by amendment.
The principal
underwriters are Lehman Brothers and Glore, Forgan & Co.
Other
underwriters will be named through amendment.
Proceeds from the
V
2,774
,
offering price of $102
price and terms of offering names of underwriters and their
participation
$499,762
revs.-—"!—
oper.
Other income—net—.'!.
>
42,666 shares of cumulative preferred
(workmen's compen¬
shares
1,70.785
*$545,588
i-l Company' filed an amendment with SEC on May 7 to its original
( registration statement (No. 2-4893) filed Nov. 11, 1941, to the effect
IA final amendment to the registration statement giving Information
r
and
1943-45, $1,200,000; reserve for self-insurance
sation),
p.
33/4%
payable,
94,609
"$1,215,268
additional
an
directors
Dec.
Int.
1942
notes
the
Debentures—.
the
inventories,
$837,273;
serves),
24,037
*$143,837
155, p.; 1604., Vi'y, {/mX*
Public Investing
Net
The
Balance
*$474,863
!
$420,000.
Consolidated
6,220
*$1,120,658
;,*$318,344
by the
$150,000,000 the Prudential's
since its offering on May 6.
to
Public
yyy?--
indefinite
this
of
*$119,800
v;
*$481,023
:
15,779
c.;,
gross
1967,
issue
The
cents
.
Philip Morris & Co., Ltd., Inc. — Offering Price On
New Preferred Set at. $102—Registers $6,000,000 3%
profits tax of $766,300, and provision for contingencies of
excess
time
quarter
the
"$284,391
.
on May 12, • thus
subscription for the new
This purchase brings the
company's holding of Government bonds to the impressive total Of
$1,339,067,000 principal amount; -\
V
An interesting feature of the Prudential's additional purchase Is that
on
10 cents per share on the
to holders of record May:a 28.
12
1940.
time
in
of
to holders of
.
dividend of
a
$3, payable June
par
from
-volume
(
& Gamble
due
"Tap"
t
'■
due July 1, 1942, on the registered bonds
accepted for purchase by the trustees.—V. 155, p. 1844.
disbursements
first
.
"
-
'
"
,
interest, if any,
"Despite
/ ■;>:
$205,199
depletion and depreciation charges for the 12 months ended
1942, amounted to $945,080 (1941, $852,632; 1940, $1,213,389;
1939, $1,285,912), of which $498,797 (1941, $461,360; 1940, $472,108;
1939,
$506,805)
was
charged to operations. ' The balance, $446,283
(1941, $391,281; 1940, $741,281, and 1939, $779,107) was charged to
reserve.
bonds,
ing capital required for the large volume of Government orders which
the company has been asked to undertake.
So long as these uncq|ftainties continue the board deems it prudent to consider future divi-
T
*$1,136,438
y.yy 3,241
.
925.
stock,
added
6,577
.
£.*$622,950
requirements
attention to factors such as stoppage of the manufacture of goods for
civilian consumption and the results of conversion to war production
:H: which might affect future dividends.
To these uncertainties have now
$759,720 ,V, $606,734
26,866
31,155
•..♦$290,968!
J the company now owns more Government bonds than were in existence
just prior to this country's entry into the first World War,- for on
Jan.- 1.
1917, the
gross
Federal-public debt was $1,226,954,000, or
(1,12,113,000 less than the Prudential's current holding.—V, 155, p. 829.
..
"Total
•
•
Corp.—Dividend Reduced—
the
18.500
269,025
284,998
"$123,041
;
33,953
Purchase
;
Subs.)—
announcing the dividend action the board on May 12 stated: ,y
"At
4,942,919
80,22$
;
Additional Government Bonds—.
.
to 95 cents in 1942 and $1.47 in 1941 per common share.
and Dec.'21,
;
March 31,
and
•
1942—12 Mos.—1941-
$77,873
compares with 25 cents per share
March 26, June 12,. Sept. 12 and Dec. 12,
;yyy\
80,004':
Prudential Insurance Co. of
•
•:
.
(&
-
This
$6,056,458
:
y
6,019,336
*$195,498
16,500
*
of 63,500 shares of common stock (no par) at a fixed
price of 44% net. Dealers' discount $1.—V. 155, p. 606.
•
.
1942—3 Mos.—1941
directors have declared
The
common
>
$2,420,978
Profit before prov. for
Federal income tax
special
'
.
Vexist
J
"$834,940
Offered—Blyth & Co.,
Inc., after the close of business May 12 offered a block
"
without coupons
.
%-fyy.**;<••7-? y
operations
funded
on
5.835,308
5,500
"'!■ XX'-*'.7
„•
from
Procter
>
606.
p.
Fidelity-Philadelphia Trust Co., trustee,
135 So^ Broad St.,
Philadelphia, Pa., will until Noon, E.W.T., June 12, 1942, receive bids
for the sale to it of consolidated mortgage 3%-6%
bonds, series A,.
due Jan.
1, 2039, to an amount sufficient to exhaust $22,702.13 at
prices not to exceed their face amount. 1
>1
•
>.
')• The company is required to pay such coupons maturing July 1, 1942,
upon presentation thereof, and is also required to pay fixed interest
yjyAy'y'r.vv
$6,180,932
v
^
_
income
$5,639,810
de¬
Payments
Philadelphia Transportation Co.—Tenders—
102,007
:
Nil
.
1940
,: r.:
y
ex-
income
Interest
•
$8,038,119
ordinary
—
;Add—other
-
$10,256,677
.
$5,450,578
"$27,313
income__
♦Deficit.—V.
mortgage
$83,750;
$8,089,706.—V.
^
"Equivalent,
(& Subs.)—Earns.
y y
1941
depl. and de-
Profit from
1942—3 Mos, —1941
•
5,500
..,
Net income „*!!„-_
7
maturi¬
current
The
t$47,042
112,070 y
:/>■ j?";.
_
operating
155,
*$195,464
income
that
Mar.'31—
sales,
penses,
"Prov
-
155, p. 507.
Sales, less cash disct. &
taxes,
Deductions
•
patents
(Del.)—15-Cent Dividend—
Dairy
—
Philco
Cost
paid
6,285.518
oper^
Gross income
v
y 16,848
$11,703
32,606
allowances
7%.
on
were
y 2,006,567
(i
to
■■■f
investments,
$87,600;. first
company,
$79,900;
Feb.
follows:
as
ferred stocks,
$42,293 ! ' t$20,600
11,608
9,594
Pennsylvania-Dixie Cement Corp.
12 Mos. End.
stock,
2,094,162
■
—
Non-operating
+$293 '■'':• t$89,216
$19,180
!
1,262
period yy; $15,208
for
com.
share
a
cumulative.—V.
7
op-
Operating income
£
May 1 paid a dividend of 15 cents per share on the
value, to holders of record April 23,., On Feb. 1,
Period End. Mar. 31—
34,381
deprec.
and
1942—rMonth—-1941
par
30 cents, and Oct. 20,
;H 34,234
taxes.—
charges
•
$2,-7
.,
deplet.
are
$1,898,698| $1,979,254
.
revenues*--!! y
operating
oper,
revenues
Taxes assign,
inventories,
$370,134;
$2,341,055;
"
5,446,738
14,500
6,500
Charges to income-
"After
$0.88
preferred
stocks
-7
-
receivable ..(net),
and
expenses,
accounts payable,
distribution of
a
Earnings—
t$4,395
$24,251
"■Net inc. for the
these
Uncollectible
y
.reserve for contingencies,
$479,642;.* capital
capital surplus, $1,752,835; earned surplus
(since
The company on
f,
4,200
■v..:
inc.
March
accounts
1939), $1,377,224; total liabilities,
common
!>
Estimated
deferred
and
3
$1,824,928;
30,
this
shares.—
$12,815
:
cos-
income
Gross
and
$292,034;
guaranteed
Dolomite
—V. 155, p.
Sundry
Sheet,
notes
Petrolite Corp., Ltd.
1942—12 Mos.—1941
$1,695,738
allied
7
7___7
—
ferred income, $62,772;
r
Owned Subsidiaries)
earnings—......
from
on
.7,777:7 ' 7";7"7-t: ■ ;?7'f77
revenues
(bringing
Oper. exps. and taxes—
Divs.
430,167
$44,575 " "$140,493
$1;: total assets, $8,089,700.
liabilities
of
notes
Pennsylvania Coal & Coke Corp.—Earnings—
Gross
430.167
V
;y 928
$289,674
Telegraph, Inc. (& Subs,^Earnings—
Telegraph and cable
7; 7 erating expenses*
y;.y
.
-
Dividends
77 : vy
.
to
,
1942.
Period End. Mar. 31—
$494,191
'
$644,008; fixed assets (less reserve for depreciation), $2,387,263;
ap-
2,710
"
Balance
inventories,
Philadelphia
.
$474,742"
$29,910
Latest dividends, amounting
stock and $0.75 a share on 6%
2,
7'i erating
y 150,614
$432,682
—
profits taxes.
Liabilities—Notes
-
$175,000
155, p. 1844.
•
Feb.
on
Drl 1,725
7
"273,172
$1,242,479;
oil
and goodwill,
(in
outstanding
fuel
866,399;
connection with the successful reorganization of
Utilities Corp.) has merged Bridgeport Water Co.
Company
of
$56,699 '
v.
7 Telegraph and cable op- £
1941
'f
Cr20,196
Assets—Cash,
Sells Bonds
—
corporate purposes.
have
34,151
39,268
•fry:.——, /
■y::; 'Deficit:
; p.'1757.
expenses—:
tax
Consolidated
(N. J.)
,
company
,
—
i
6,531
^
(Cr)
'———-2_yi—'
Balance
$8,387,460
Subs;)—Earnings—
/'
,
..i—
__—
income
1517.
proceeds from the sale
The
-,.•474,890
32,495
tDividends appllc. to pref. stocks for the period
1942—4 Mos.—1941
$9,737,297
income
•Includes exdess
yplied to the redemption of the $75,000 of presently outstanding Penns¬
grove first mortgage bonds called for payment Sept. 1, next, to the
payment of outstanding bank loans and note obligations, and the
payment of indebtedness on open account to Colonial Utilities in the
■.
amount
of approximately
$13,000, and the balance will be used to
reimburse the company for capital expenditures previously made by
Pennsgrove and Bridgeport Water Co.,
and
to
provide funds for
additional capital expenditures expected to be made in 1942, And for
other
454,183
(
$685,658 'iv $656,530
Consolidated net profit
-1941
1942—4 Mos.-
1942—Month—1941
Privately—The company has sold privately to an insur¬
ance company aii issue of $175,000 1st mtge. bonds series
A 3%%, due Jan. 1, 1972.
1
'
Colonial
$797,787
2,377
;
3,177
-y
$922,152
38,646
•
y-y 3,386
$800,964
1,485
'
$36,531,383 $27,546,616 $124,893,557 $88,943,256
-
Pennsgrove Water Supply Co.
The
r
tDividends accumulated and unpaid to March'31, 1942, amounted to
——$14,662,990 $13,572,404
13,977,332
12,915,874
sales, including all operating
Federal
p.
325
con-
yy Net income
preferred
profit from operations—
Other
—V. 155,
struction-
Postal
sales
of
deducts.
to
2,680,050
$923,637
1604.
p
-:"v; (J. C.) Penney Co.—April Sales Up—
—
and
int.
charged
$3,487,014
•
3,011,476
$70,933
Kt 37,036
mortgage bonds
on
Other
$90,590
r
•!
$14,563,451 $14,102,343
...
Period End. Apr.
Int.
an-
March 7 Tint,
over
.
9 Mos. End. Mar. 31—
154, p. 1495.
Sales
205,304,
528
held
Petroleum Heat & Power Co/<&:
'7
Cost
-V.
was
7
;
1942—12 Mos.—1941
$71,258
(Dr)_!— .■y328 '•;• yy;y
Gross income
.
holding on March 31, 1942, was 64.14 shares
Dec. 31, 1941, and 64.30 on March 31, 1941.' 7;:' y; ' r \
__
—V.
588,261
!^...!>y.
Reserves;-
y
3,731,000
Contributions of telephone plant
—-—_
Earned surplus ._—
—..
-
Sales
100
3,672,000
——i—
—
31
increase of
^
•
-4
$3,935,113
228,424
$90,918 y
revs
.
.
average
Period End. Apr. 30—
2,716,121
80 '
U..
oper.
7 $3,336,662.
$2,500,000
.i.y—
—
certificates.*
scrip
Net
People's Drug: Stores, Inc.—April. Sales—.
'Liabilities—
Class A preferred stock
March
on
an
against 2.85% at the
1941.—V. 155, p. 1755. 7 yy77- ;
31,
557,273
$14,563,451 $14,102,343
Common
total
1941, and
2.83%,
1,271,991
1,272,303
„
The
The
31,
7
1941
$299,682
y,. 304,304 y
155, p. 1604. *
v
,/5
y
.
1942—Month
revenues-$395,222
Oper.7 rev.v deductions
7
7
7
of this company showed a small Increase
1942.
Dec.
over
2248,
,v
Period End. Mar. 31
Foreign holdings of Pennsylvania RR shares showed a further slight *
shrinkage in the first quarter, total on March 31 of 372,710 comparing *
with 375,157 on Dec. 31, 1941, and with 401,455 on March
31, 1941.•
$12,706,491 $12,141,534
134,263
131,544
—.
........
etc..——
advances,
292
1941.
of
quarter
of
against 64.23
1940
1941
a,''-V:V
plant
first
the
31,
$513,943
Sheets, Dec. 31
Assets—
Telephone
Investments,
in
increase
1938.--V. 152, p.
Operating
$181,829
RR.—Gain in Stockholders—
The number of stockholders
$653,943
140,000
————————
29,
Other income
Pennsylvania
•;
Portland Gas & Cpke Co,-
share^^>rT.5^y»>--),:.,;,yy- $0.46 y ,;-^ $0.44
for depreciation and depletion, bond- charges,
etc.,
•After allowance
151,316
deductions—————
preferred stocks
on
made on Nov.
$805,259
145,389
——
other
and
record
of
common
and provision for incomb and excess profits taxes.—V.
'-7
per share on
stock, par 25 cents per share, payable June 26 to holders
May 26.
The previous payment—11 cents per share—was
common
7"
Quarter End. Mar. 31—
"Earnings
$3,044,803
$2,761,923
2,262,042 y 1,941,289
9,878
15,375
—.———
the
Pennsylvania Glass Sand Corp. (& Subs.)—Earningsy
1942,
«' .71941
v
1940
1941
-
revenues
Operating
>
Co.—Statement of Income—
Peninsular Telephone
'.
^
" v
'y;
Polaris Mining Co.—Resumes Dividend—
The directors have declared a dividend of three cents
;■
profits tax,
capital stock, income and excess profits taxes.
for Federal
"Provision
,
Polaroid Corp.—Voting Trust Agreement Extended—
1
The-com¬
.-
liability for Federal
any
■
Edwin H. Land, George. W. Wheelwright 3d, and Julius Silver, voting
trustees, have elected to extend the term of the voting trust agreement
dated Sept. 20, 1937, from Sept. 15. 1942, until Sept. 10, 1947, it was
announced on May 2, 1942.—V. 152, p. 1290.
•
Net
70,198
under the excess profits tax act of 1940, as amended, for
the periods covered by this statement.
•.'!
Dividends on Pennsylvania Edison Co. preferred stocks amounted to
Earnings
compares
$2(592,573
21,639
$1,062,557
income
Income
Note—Provision
Net
$2,480,090
——
(net)..
j,"
$467,618
119,469
.
-
directors have
declared a dividend of 25 cents per share on the
stock, par $1, payable June 15 to holders of record May 22.
w.th 60 cents per share paid on June 30 and Dec. 23,
year. ■•[••.
7' •
/"•".••
'• •
•
•,
-i.
This
.
income—.
income
Other
21,295
$1,545,180
income—Net
income
Monday, May 18, 1942
common
•
3,896,421
,
The
7
$6,488,994
.
V
Placer Development, Ltd.—Dividend Reduced—
.
1941
last
$446,323
expenses
Gross
Total
1942
operating revenues——$6,925,952
Operating revenue deductions and taxes—.—y >; 4,445,862
Operating
Miscellaneous
-Earnings—
594,500
$607,997
(& Subs.)
\
Total
$1,040,823
$1,527,045
Co.
March 31—
12 Mos. Ended
1940
'
and
Operating income
Edison
Pennsylvania
(& Sub.)- -Earnings—
3 Mos. End. Mar. 31—
; '
par
compares
$50,
with
share on June
declared
a
dividend of $2 per share on the capital
payable June 15 to holders of record May 22..v This
per share paid on Dec. 15, last,
and $2.50 per
$3.50
16, 1941.—V. 155, p. 1844.
; •*
Balance
"Deficit;
$728,427
.—————
r
Donald
nounced
C.
Barnes," President
May
"$171,248
' "•
,
•
Recapitalization Plan Submitted to SEC—
13
that
a
of
Engineers
Public
plan of recapitalization
-
Service
:
•
Co.,
of Puget Sound
an¬
com¬
pany is being filed with the Securities and Exchange Commission by
Engineers Public Service, which owns practically all of the common
stock of Puget, providing for the readjustment of the equity securities
of Puget after the refunding of the bonds of that company.
Under
will
the
receive
share
stock
of
plan
2%
the
holders
shares of new
of
5%
the
present prior preference stock
preferred stock (par $501 for each
prior preference stock now held and the holders of preferred
will receive 1% shares of new common stock In exchange for
•Volume 1SS-'
•'•'each-'- share
*i
THE COMMERCIAL & FINANCIAL CHRONICLE
Numbfer 4073
of' preferred .'Stocky ;nr^v
,V»
The holders- of common• stock• • will, receive-under, the plan one. shai;e ...
new common stock for each 22 shares of old common" Stock'. ■*;_
v'"
Pro forma earnings
for the 12 months ended March 31, 1942, on7
the new, common stock are approimately $6.40 per. share, and_it is
■
•
expected the company
will be able to
'■
'The
4*the
of
bonds
sale
of
pay at least $2
•••*: i\a.
,
dends,"Mr. Barnes said.'
•
Puget
r***''
are
$46,500,000
Sales
be
refunded
tion
of
on
much
a
—V.
favorable
mated
approximately $1,000,000
This
year.;
Undertaken'..under. Section
is
of
Expire—
•'
the
/with
;of
' Mr.
Bonneville
said
also
Barnes
that' discussions
Administration
Power
had
period
of
lookipg toward the creation
,,
•
as
soon
:
U.
'
*
Court
S.
Case—
Fixes
.
-
If''. '■ r'. .Vi •"
,*,
in Tacoma/Wash.,
,
*
iton,
This
represents
condemnation
claims,
and
of
increase
an
claims.
The
is
three
reduction
a
counties
of
said
1931, may be consolidated for
theretofore
shares.
At
the
represented
by
consolidated
a
$2,900,000
of
at
are
from
Puget Sound system,—V. 155, p. 1684.
limits
southern
the
i1'//'/
./.■>/■/
of
Net
end
90-day
period,
ad
will
and
exchanged
equal
/
$5,075,140
.y...
principal
until July
open
by Bondi-y on
4129.
p.
15,
1947,
amount
offer
to
accrued
purchase
interest.
these
This
n.
Operating
$647,763
revenues——
Total
operat'g
and taxes
J.
expenses
'
$585,964
•
//';'•/
"-.v../"450,534
'
.
Net operating income
.Non-operating" income
404,015
'
$197,229 "
■'
1942-4-12 M6s.-rlS41
•
$7,895,881 ' $6,919,099
;/-l//'1/"
5,584,758;
$181,949
■
$2,311,123
/•//'y v
4,747.812
Income
$196,798
—_
1 •:'
V 889 (•;
:
dedUCtions-i__i!
$180,985
68,305 \
r'
$2,296,622
.
Railway- operating
i
$2,171,293
68,751 y.AV- 832,181 -
>
.
increases
75%
kept
'■>
"
income
Net
Pref.
div.
$128,493
requirements^ ;
Note—Provision
?ifleots
'of
to
.
be
in
credit
allowable
abandonment
flected
Federal
non-recurring
a
claimed
"
for
of
$112,234
.
55,8!6
of
tax
railway
calendar
for
$105,200
Federal
for
street
income
669,797: ?
due
income
tax
certain
which
1941.—V.
1940
V
re-
arising
$82,313
out
in
Gross
'
/
609,353
>
directors
similar
May 5 declared a dividend of 25
on
stock,
common
8,823,203
9,085,475
,
payable
distribution
June
made
was
1
to
holders
March
on
of
record
2,..last./
May. 18.-
Payments
of
A
7matured
v
Pursuant
T,
four
of
order
dated
July 30,
/■
the
1935,
99,632,654
17,933,523
15,570,000
15,570,000
1942
of
v ;
^
1942—Month—1941
& Electric
Oil
10
1942—4 Mos.—1941
$5,200,122 $15,053,650 $16,039,376
Co.—Weekly Output—
year, an increase of
13.07c.—V.
Co.
•
■
(N. J.)—Expanding
/" ■//': .•; •■'//'■:
•'
•' ■ ■*'//■''
"
■
155, p.
.
/;' ';
■
rubber,
■
includes
program
several
of needed
units
using
mater.als
raw
that
it
is
the plants
■■■a;-'-,
1
catalyst
These plants
new
being bu'lt by other companies.
ones
proportion
1846.
Production of
months.
company's
for Buna'-S
and
100-octane
company
affiliate;/is
the
I.G.
coke
which
synthetically from petroleum as much toluol- as
The original method used is based on a
acquired by Jersey through its agreement with ihe
industry,
was
Farbenindustrie.
It
is further reported that 85%
opment
to
making
entire
process
1941, one-half year's interest
was paid in August,
1941, on
aggregating $224,160,
underlying bond issues, namely, Raleigh & Augusta Air
•Line RR. first mortgage extended
5s,
1931; Raleigh & Gaston RR.
first mortgage 5s, 1947; Carolina Central RR. first
consolidated mort¬
gage 4s, 1949, and Florida Central & Peninsular RR. first
consolidated
Republic Service Corp.—System Faces Probe by SEC
16,150,512
3,892,500
gasoline and toluene for TNT.
adds that today, three out of every five U. 3. bombs
dropped on the enemy contain TNT made possible by Jersey's
develop¬
ment of synthetic toluol.
One plant, built and operated by a
Jersey
$1,102,000
to court
Jan.
3,886,481
/
produce large
The
were
paid.- Also during the same period the
remaining
obligations- aggregating
$48,632,
under
conditional
sale
due
now
ready in
v;Butyl
share were also made In each of the first three quarters of :.U-contract with Electro-Motive Corp., dated Feb.
28, 1939, covering the
'1941; while on Dec. 1, 1941, a dividend of 45 cents per share was paid.
purchase of one 600-horsepower Diesel switching
locomotive, which were
V, 155, p. 1316.
» - ' *
payable over the period ending May 1, 1947, were
paid and discharged.
f<
•;>
be
will
and
.'instalment
25
$
to $5,176,105 for the first
quarter
compared w.th $4,962,448 In 1941 quarter.—V.
155, p. 1606,
/processes, additional
tlfet; income
'* cents per
;
$
25,536,460 103,705,347
$4,381,103
The
,
cents per share on
as
Standard
to
.
The
,
1942—12 Mos.—1941
$
In
its May issue of "The
Lamp," the company states
'spending $60,000,000 to expand 100-octane fuel production,
$4,721,480
607,086
on
Purity Bakeries Corp.—25-Cent Dividend—
s
1941
$54,96^,823
have been accrued at rates
Imposed by
effect, and therefore do not reflect the heavy
under consideration
by Congress.
/Aviation Gas—'
-
a,
'the
1942
164,045
$10,611,359
-
1941
27,967,879
3,931,082
3,892,500
/'corresponding week last
1,174,877
$1,181,069 $$4,9T3,349
"Combined corporate and receivers' accounts.
tExclusive Of interest
adjustment mortgage (income) bonds.
fDeficit.
.1
X
During the period Jan. 1, 1941, to Dec. 31, 1941, receivers'
equipment
I"! trust
certificates" .in. an
aggregate
principal
amount-of
«
/■:/;■;'■ y.yyy
Electric output of the
public utility operating companies in the
Standard Gas & Electric Co.,system for the week ended
May 9, 1942,
totaled 155,554,000 kwh., as compared with
137,604,000 kwh. for the
re¬
.
1844.
income
share
a
—Jan. 1 to April 30—.
$4,052,217 $73,301,680
$
paid
'/Standard Gas
X
3,476.947
$4,404,332
504,395317,147
Rents-and.other charges
Fixed interest charges____
deductions
155, p;
-
$10,106,964
-
1942
■
$6,372,524
$0.94
$2.74
1531.
p,
-y'yY.r--yy. \
Week Ended April 30
-
.
>—V. 155, p. 1606.
168,298
income
31, 1941.—V. 154,
$472,016
$2,074,044
was
"1940
1,670,608
operating
$1.96
Spiegel, Inc.—April Sales Off—
$11,945,870 ' $5,743,254
--
669,797
year
purposes
of
property,
the 12 months ended March 31,
to
railway
v
Period End. Apr; 30—
: 3,862,311
•Other income
$1,340,458
$1,464,441,
55,816
•
Net
.
$978,617
$1.39
1942, net profit
with $1,366,881 or
Provision for taxes amounted
;1942
$64,608,903 $48,490,966
48,800,722
39,270,764
——„—„
$691,356
31,
Ry.—Earnings—
',,
-Sales
"i94i
Jan.
comparing
Notp—Federal taxes for
1941 Revenue Act, now in
t,
;
-
share,
a
earnings
155, p. 1758.
Dividends
Years
:
income
Equipment rents (Dr)
Joint .facility" rents (Dr)
$4.17
ended
Net inc. after
charges—
be
830.840
j
•
Calendar
:
-Railway, operating revenues—..^
Railway operating expensesRailway tax accruals/i:_i._^I___
$2,172,187
-
!;•'^43'lf6'4l'■ 14,501'
income
for
: v
•
Gross
Income -Account
179,556
—
1942—3 Mos.—1941
1942, but may be terminated at
any time thereafter:
10 day./ written
100
10 i.uioKuoin, neig & Co.—7.
146,
h
$651,572
454,236
367,323
■403,636
Southwestern Bell Telephone
Co.—Earnings—
Seaboard Air Line Ry.-—Annual
Report—
■
274,775
$1,403,922
22,931
share——„
moriths
»'.,v
»
1942—Month—1941
$907,181
267,782
$1,432,853
•
Gross
—V.
at
will
1940
$1,677,704
$632,406
19,166
tax-—.;.
$4,022,536
bonds
offer
Sawyer;
14,074
be
; -
Public Service Co. of New Hampshire—Earnings,
to
r
'
\ ' Period End. Mar. 31—
155.
$1,468,318
—„—
Period End. Mar. 31—
Total income—
an
and
Co.-and
1941
$1,454,244
common
six
Southern
.
1,
Meter
1942
for the six months ended Jan.
announces that they have been authorized by
affiliate of Schuyler Hudson
Corp., to submit to all
Schuyler Hudson Corp. 10-year 4% first
mortgage
of
per
the
un-
or
Smith
income •—,———
For
: / 1942—4 Mos>-1941v
$i,689,$1,554,386
an
holders
of -the'
to
move
one.—V.
Manufacturing Co.)
*.
Income
Earnings
war¬
represented by the unexchanged war¬
who
shall have sent in
their
warrants
warrants
bonas 'due -March
.
5
the
to
J
shares
155, p. 1606.
known
counties'
the com-
the
$2,600,000. over
*
pany's
the sale
Eondiby. Ltd.,
u;VV,y«
figure
Total
i/^Macliubln;-Legg & Co.
price of $7,606,000 for properties of the company in Thurs-:
Lewis and Cowlitz Counties in the State of Washington,
•
•;
been
have
:
Federal and State income
Excess "profits tax
Schuyler Hudson Corp.—Offer to Bondholders—
-■
has established a con-
*demnation
'
successful
four
Corp.—Earnings—
income—
to
in Puget Sound Power:
$7,600,000
"
■'
'
The Federal District Court
shall' not
Sales.
—V.
.
1,
f Period
:*■
-
June
(The) Schiff Co.—April Sales—
End.-Apr. 304 4 1942—Month—1941
y
the
was
Operating income——$1,717,406
Depreciation and amortization—.^
263,162
/ ■;
■
shall become null and void*
Warrants should
forwarded to Downs Mohl &
Co., 38 So. Dearborn St., Chicago, 111.
•
other things, whether
to the persons affected and fairly and equitably
they have been fixed by the Commission."^ ;
as
of
initiated
decision
Quarter Ended Jan. 31—
Non-oper.
111.—Warrants
•.
SO days from aforesaid date into
full
period, the trustees will sell the shares
which
deposited
.distributes voting power among the stockholders.
A letter will be sent
to the stockholders advising them of the date -and place of this hear¬
ing
dated
,
stockholders of that company outlining the principal points in the
plan.
Mr. McLaughlin .stated: ."The- SEC will in due. course hold a
among
agreement
rants ;qmong
those persons
after
the. end of said second
...
,
and equitable
Chicago,
:J
/ •'
of
that
ceeds
the
is fair
the
on
notify certificate holders that they will have an additional
-90 days-nn which to
present their warrants to the trustees.
At the
end of .said 90-day
period, the trustees will distribute the net pro¬
to purchase the entire Puget property, but that no
had been actually formed.- A bill to accomplish this result
-is pending in Congress.
'
! ■
Jv'
'!
'/
Frank McLaughlin, President of Puget,- is sending -a- letter to all of
It
Corp.,
'•*
further
such agency
shearing on the plan in order to determine,
Building
'•
/
trust
rants
proper agency
a
share
per
record
•Lucius
under
held /
been
of
Teter, Frank M. McKey and Edward L.
Vollers, trustees, on
April'22;'-L942,'announced that warrants for fractional shares issued
Utility Holding Company Act of 1935.
Engineers .' has been
to dispose of its interests in Puget prior
to July .23, 1942,
which' time limitation may be extended under proper application.
Mr. Barnes stated further that "the adoption of the plan is necessary
in order to enable Engineers to comply with "the above-mentioned order
SEC."
Sawkee
,
the
Public
the
Smith
Balance
(ordered
of
dividend of $1.05
a
May 1. On Feb. 16,
of $1.15 per share was
made.
During 1941, the
paid dividends as follows: Feb.
15, 50 cents, and May 15,
15 and Nov. 15, $1.50 each.
Aug.
!
'•■
!(e)
11
recently declared
company
.
Sumter
court's
(And wholly-owned subsidiaries,
distribution
a
of
The
Electrical
capital/stock, payable May, 15.to holders
per
recapitalization
$1,858,729
Creech
1605. 7
The directors
Hast;
Puget is readjusted in accordance with the plan.'*.?, The estinet saving in
interest and amortization charges amounts to
'
$2,258,430
B.
purchase.
(A. O.)
provided the capitaliza¬
basis,
155, p.
$539,876
F.
the
1685.
Rutland & Whitehall RR.—Smaller Dividend—
-
.
expected to be refunded by the proceeds of '
of 3W/o '30-year bonds,' $8,000,000 of -3*%''
more
Mayor
p.
share divl-
per
nine-year debentures, and by- twe proceeds-of the sale of the Whatcom
County property to the Public Utility District for $5,537,000.
J Mr.
Barnes stated:
"These bonds can, on the basis- of present markets,
:
$644,354
1927
block
V Period
of
'
Rose's 5, 10 and 25-Cent
Stores, Inc.- -April Sales—
End. Apr;v30—.; 1 ^1042—Month—1941
1942—4 Mos.—1941..
•
Co., largest
war
projects,
petroleum
and
that
of
the work
research
90%
of
Standard
of
the
in
group
the
Oil Devel¬
world,
is
devoted
Gilbert
of
plant
&
Barker
Manufacturing Co., makers of o-l burners and gasoline pumps, is
•
converted
to
materials.
war
now
;
proceedings
The corporation is
reported to be supplying 85% of the bunker fuel
May 9 against the corporation to determine whether the system should
for
the Navy's Atlantic
and Caribbean fleet,
and making 30%
of
"be simplified to conform with the "death sentence"• provisions of the
petroleum alcohol for plastics, munitions and other uses.
•
'Holding Company Act. • The company, with 15 operating firms in Penn- ,i mortgage 5s, 1943—payment of a similar amount on the
same
four
.,/ It is announced that the company helped bomb its own refineries
-cylvania -and
Virginia,
had
consolidated r assets
of
$9,341,813^ on >:.;~issues representing one-half year's interest due
and that it gave the Allied Nations
July 1, 1934. having"plans and aerial photographs of
"'Dec.. 31. 1941. ■■
•"•'
■•
.'..-v.'
been made during the year 1940.
V'i
No other interest was paid during
Standard plants in Axis-occupied countries
•»
shortly after the outbreak
The Commission set June 9 for a hearing and directed that par:££1941 on any of the underlying bonds.
of war.—V. 155, p. 1846.
Except as above stated, and
/:// ,-/-/^v //
ticular attention be directed at questions Including:
except for similar payments on the same four issues and on Seaboard &
•••v' What action is necessary to limit the company's operations to a :• .Roanoke RR. first
mortgage extended 5s, 1943, aggregating $286,660
Standard Oil Co. (Ohio)- -Plans to Create
•single, Integrated public utilities system and to such other businesses /riJper annum, made as of July 1 during each of the
$20,000,000
years 1935,
1936,
as are economically necessary to an Integrated system,
.■
1937, 1938 and 1939, pursuant to the receiver's
Debentures—
plan of May 14, 1935,
.y.:
Whether the corporate structure is unduly complicated, and if so, /-/no interest has been
paid on any of the 10 underlying bond issues
The company proposes to create and sell
$20,000,000 new Jong-term
whether it should be reduced to a single class of common stock.
iV
; 'since certain interest due in 1931 was paid.
•/; v///v7
indebtedness, payable in equal ennual installments of $1,000,000 'over
Whether, for the purpose of equitably distributing voting power ;Interest was not paid in 1941, and has not been
the period of 20 years.
paid since the date
Proceeds will be used to retire $8,000,000 of
among, security
holders of Republic, it is necessary that Republic —Iof the receivership on Dec. 23, 1930, on the
company's general mortgage
currently outstanding long-term indebtedness to provide the company
revise and simplify its corporate structure. ;
/bonds or Its three-year .secured notes or its indebtedness
;
>
v/v.
y
to the Secrewith funds for the construction of additional
refining facilities and
The Commission- dismissed
a
petition filed by Irving H. Isaac, a //tary of the Treasury of the United States for loans under Section 210
to provide additional capital funds
required by changing conditions
stockholder, who sought an order requiring Republic to distribute vot¬ ;nof the Transportation Act.
''.
under which it is
operating.
ing power equitably to security holders.—V. 147, p. 3321.
„
;
Equipment trust lease and agreement, series JJ, Philadelphia
plan,
More specifically,
the company proposes to authorize the creation
dated 1941, was entered into with
Girard Trust Co., Philadelphia, as
and sale of an issue of
$15,000,000 of 20-year 37o sinking fund de¬
trustee, under which there have been issued $1,905,000
equipment trust
Republic Steel Corp.—Dividend Reduced—
bentures, and to borrow $5,000,000 from a bank.
Such a loan will
The
Securities
and
Exchange
instituted
Commission
•
;
•
.
'
v
■
-
'
,
.
,
"
•
1
.
-
•
-
,
,
•
certificates.-
The
These certificates
were
sold to the Reconstruction Finance
12 declared a dividend of 25 cents per share
-Corporation at par and accrued dividends.
payable July 2 to holders of record June 9.
Equipment trust lease and agreement, series KK, Philadelphia
plan,
-This compares with 50 cents per share paid on April 2, last, and on
dated as of Oct. 1, 1941., was entered into
during the year with Chase
April 2, July 2, Oct. 2 and Dec. 22, 1941. ;.•;
; '
: /
"
f:i National Bank, New York, as trustee, under which there is issuable
Commenting upon the above declaration, T. M. Girdler, Chairman,
$2,448,000 2 Va%
equipment
trust
certificates.
The
Reconstruction
;
stated:
"It is impossible to make a reasonable estimate of the corpora- ■>1 Finance Corporation has
agreed to purchase these certificates at par
and dividends, but none of the
■tion's net profit for the ensuing year or even to make a close estimate
certificates had been disposed of at
the close of 1941, and
;of the actual net profit in the year to date.
Results of operations
only $2,346,000 of such obligations are expected
•so far this year compare favorably with those for the same period last
to be sold.
;
v"-,
i'".'.v-'&';■>,
v■
'•-•
General Balance Sheet, Dec.
year, except ior tax provisions.
\
31, 1941
;on
directors on
the
common
May
stock,
bear
into
between it and
bank.
the
.
Approximately $7,000,000 of
''
,
interest
at the rate of 134%
annually and the principal will be
payable in five annual installments of $1,000,000 each
beginning on
May 1, 1943, pursuant to the terms of a loan agreement to be entered
bentures and
the
the
bank loan will
proceeds
be
used
tional refining facilities.
"These facilities, the details of which
vealed by reason of War Department
"However,
there
still
are
other
factors
to
be
reckoned
with
before
Assets—Investments in road, equipment, etc.,
$304,188,398;-cash with
Treasurer, $4,996,743; cash in transit, $1,036,584;
temporary cash in¬
vestments, $1,450,000; special deposits, $1,131,641; loans and bills re¬
the results
•
are
final.
manufacture
of
materials
larger proportion of earnings-than last year,- While the tax bill has
determined and will probably not be for several months, it is
not been
ceivable.
that there will be a very considerable increase in
Federal
taxes.
In addition;:' a
question • of wage increase has been
before the.War Labor Board, and that Board has announced that a
practically
i
■
certain
supplies,
-
"The
.capital
directors deemed
position
considered
of
it in order to
at
this
time
to
maintain the
declare
a
*
/
circumstances,
W.
been elected a director.—V.
Gas
Rochester
&
Electric Corp.- -Earnings—
12 Mos. End. Mar. 31—
Total
155, p. 1126/
obligations
,
operating revenue
—
Total operating expenses and taxes—
„
*
--y.
13,376,008
12,342,800
Other
income
The
of
A
$4,879,896
7,499
————-—
income
Total income
Net income
Preferred
deductions
1
stock
$4,851,718
——————.
2,620,034
(including interest).
I
interest,
distribution
Balance
,
$838,458
.;
,
v
t
and
wages
payable,
$4,-
profit
and
loss
1758.
dividend of $2 per share
a
payable
June
22
to
holders
for
the
re¬
ihe
U.
S.
Government,"
$1,176,469
letter to holders of the 5%
a
loan,
was
made
of
90
cents .per
1941, while
1941.
.
'
a
.
share
payment of $1
record
June
March
on
per share
15.
17,
last,
made
was
on
*,
Supreme
Court
ment
,1
of
Mr.
type
which
states
W.
T.
cumul. pref. stock.
be eventually
would
sale of the debentures and bank
for
necessary
the
board of
directors."
Holliday states that it
directors
of
on
the
June
;
intended that
is
transactions
will
be
taken
action
at
a
authorizing con¬
special meeting of
2.
c.
Of
the $15,000,000
debentures issue,
which
will not be publicly
offered, the company has conditionally contracted to sell them privately
at principal and accrued interest, payable in part by the surrender for
of
the
dated May
entire
1941,
1,
accrued interest thereon,
$5,000,000
of
serial
debentures
now held by the prospective
but without premium.
of
the
com¬
purchaser,
and
;
;
From the
proceeds of the $5,000,000 bank loan, the company will pay
off, at the principal amount and accrued interest thereon, but Without
premium, the balance of
the
made May 31,
remains
closing
that
$40,000,000.
the
$5,000,000, will (except to the extent to which
extraordinary and unanticipated capital ex¬
by wartime conditions) be added to the
used
made
summation
company's
at
of
working capital funds of the company.
/
*
"The earnings of the
company which in ordinary times would have
ample to provide finances for the capital investments and in¬
creased working capital
required by the company, are now threatened
with diminution by income and excess
profits taxes to such an extent
as to make the
acquisition of the additional capital to be provided by
the new financing not
only highly desirable but necessary, in the: judg¬
estimated
-
be
been
Bank,
South Carolina Electric & Gas Co.—-Court Halts Deal
Carolina
be
may
now
South
approximately
they
penditures
cancellation
the shares
will
to
during
pany
on
facilities
new
prohibited. May 12, the South
Carolina Public Service Authority from
buying the properties of the
South Carolina Electric & Gas Co. and
Lexington Water Power Co.,
$2,569,695
1,393,226
29,
The
2,315,116
1,393,226
•
155, p.- 830.
of
Sept. 22,
on
1942.
in
of
of
of
the Chase National
which $3,500,000 and accrued fnterest
upon
but which
funds
amount
the
the company's loan from
1940,
it is expected will
transactions
the
general
the
Neither
unpaid,
the
contemplated,
instalment
be reduced,
by
due
payment
thereon
on
prior to
from
May
the
31,
$500,000.
debentures
nor
the
bank
loan
will
be
secured,
except
the
supervising agency of the $57,000,000
Navigation Project in Lower South
Carolina, had planned to buy the properties to expand its facilities into
company will by the indenture and loan agreement, respec¬
tively. covenant that neither it nor any of its subsidiaries will give
security for any funded debt, subject to exceptions to be specified in
the indenture), unless the debentures and bank loan shall be
central
and
The
Authority,
Santee-Cooper
-V.
accounts
(Los Angeles, Calif.)—$2 Dividend—
directors have declared
beneficial
Jan.
$4,884,811
$2,231,684
dividends—:——
audited
4,915
.
-
Gross
non-
permitted
be
present emergency.
"The balance of the proceeds of the
,
.
equipment
unpaid, $207,000; other current liabilities, $502,liabilities, $86,502,720; unadjusted credits,
$39,852,577;
property through income and surplus, $981,366; funded
Security Co.
1941
$4,844,219
—
•.
.
retired
through income and surplus, $4,204;
-(deficit), $83,261,594; total, $326,251,934.—V. 155, p.
$18,220,227 $17,222,696
—■s—~L.a-i-i.L~-—--
to
.'/.debt
and
Operating income
...
;
de¬
addi¬
/
not
are
the
and
matured
deferred
additions
-
v.,
1942
•
assets,
the
required by the company in order to enable it to meet
post-war com^
and their immediate installation will make it possible :.or
company to furnish needed materials to the Government
receivable, $108,276; other
$547,806; unadjusted debits,
miscellaneous accounts payable, $1,423,407; interest matured
unpaid, $73,973; unmatured interest accrued,
$429,054; unmatured rents
accrued, $50,005; accrued tax liability, $2,090,336; receiver's
Corp.—New Director— ;;
Sinclair has
material
of
the
and dividends
850,498;
795;
E.
$3,485,324;
sale
construction of
petition,
conductors.
Liabilities—Common stock, $61,179,262; preferred
4%-2% stock, $23,-/
894,100; preferred 6% stock, $37,300; grants In aid of
construction,
$20,531: funded debt unmatured, $111,272,500;
long-term debt in de¬
fault. $40,208,677; receivers' obligations unmatured,
j balances.'(Cr), $167,763;
"
Oil
receivable,
and
agents
negotiable debt to affiliated companies, $590,670; traffic and
car-service
any event, it should not be considered
regular rate of dividend has been or is now established.
Future
dividend payments will obviously depend upon developments in taxes,
i
wages and prices, as well as operations, from this time on."—V, 155,
,p. 1845.
r
a
':
Richfield
accounts
interest
from
$35,174,782;
dividend of 25 cents
•;per share, payable July 2.; In
•that
miscellaneous
$6,439,686;
receivable
assets, $153,900; deferred
$2,129,912; total, $326,251,934.
excellent working
the
balance
"The
~
"
and- under
Corporation
the
advisable
it
net
current
'time it
ings for the year to date or for the full year.
$29,292;
$554,369;
increase, if granted, shall be retroactive to Feb. 7, 1942.
At this
is, of course, impossible to tell what may be the effect on earn¬
wage
Holliday, President, in
.
Tax proposals being considered will take, a much
the
the
regulations, will be used for
,
•
'
from
for
South
State-created
Hydroelectric
Carolina.
and
ijj.;
j
:
f,
,
,
j
•
equally
ratably secured.—V.
155, p. 831.
<•
■.
'
roads
Offered—Blyth & Co. on
Standard Stoker Co.—Stock
stock (par $5);
May. 13 offered 6,000 shares of common
President
F. Nelson,
^Public Service
••••
Iri
,
$17 a share, less concession of $1.50 to NASD mem¬
bers.—V. 155, p. 927.:: •?
,Y;Y:" *'YzYYY' •■/><Z'Y
declared
have
directors
The
an
>
cents per
of
was
a
SEC,
the
the
supers-holding company and served
Harry G. Slater, counsel • for Public Utilities
asked the Commission during oral argument May
purpose,
not
Divi-,
13 to
>ZSyliic^'Ywoiiiii-ql^y^pproval''
securitiesZwbuldt bq sold
supplemental
said. tjhei
less
availabjerprovided ' that
prices
$37,839,661,Z""which >is
than
required." 'The
of
tirement
the Virginia
surrender for,cancellation all
'
.Z.'.ZvZ Y:'fZ TY iZV:Y YZ'YZ: Y,-Y
Z
Commission,- the ? compapy
best
amount
■'1
dismiss United's motion to suspend all Section 11 pro¬
the company for the duration.
He said that some
had asked for a suspension of proceedings on the ground
summarily
dividend of 12Va cents per share on
the common stock, par $10, both payable May 29 to holedrs of record
May 18.
No extra was paid on Feb. 28, this year.
Bxtras of 12 Vz cents each were paid on the common stock on Feb. 28,
regular quarterly
the
and
chare
useful
,
.slon
12Va
of
dividend
extra
Holding .that, corporation
no
Furniture Co.—Extra Dividend—
Storkline
third
its
of
.' at
Z-Yzz
United Corp.—SEC Hears Plea—
and the company,-will
Co.
'stock of each.
head of the War Production
at
Assets of these subsidiaries will- be conveyed to
Power Co.
who resigned several months ago
Board,
Mr. Robinson is Vice .
in charge of traffic.—V. '155, p. 1758, - g ZZ/'.Z "
r ■ < ZY:
succeed Donald
to
become
to
Mondays May 18, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1928
supply
would
debts
outstanding
aggregate proceed#'-Ate'
approximately, the. yininimugi
estimated1 that funds left after're¬
company
for construc¬
$9,700,000
"
See also V. 155, p. 1847.
tion in 1942-43 and $4,000,000 in 1944.
;
■
against
ceedings
companies
Virginian Ry.—New Chairman—
/
war effort, but he declared United had
Z William R. Coe Sr.. has been elected Chairman of the board to succeed
relaubn to the war effort.
He said United's motion
the late Adrain H. Larkin.-ZV., 155, p. n60.;Z,;Z.fZYZY<: /
Z
' Y
the-duration was predicated on present adverse
'market conditions.
Mr. Slater, then read a letter sent to the Com¬
mission by the company dated Nov. 15, 1938, in which it referred to
Z
Walgreen Co.—April Sales Up—
a diversification
of investments through sales exchanges or otherwise
Ivfi Period End, Apr, 30-^: - i^1942r^rMoi«;h-ia941 ^•.1942~4 Mos>-^l94l'
,'tso as to bring holdings in subsidiaries to'below the 10%
statutory-', .Sales
$7,519,833
$6,534,248 $29,785,523 $26,273,337
mark and said the percentages respondent held in these subsidiaries
—V. 155, p. 1520.
'Z.ZZ'Z' -' Z'VYY".:-v-'Z
; 'ZZ'A
:
contributing to the
they were
not the remotest
May 29, Aug. 29 and Nov. 27, last year.—V. 155, p. 270.
for
suspension
for
.
Studebaker Corp.—New Director—
•
He has been a partner
a
Allan S. Lehman has been elected a director,:
v
1908; - -He- is also -Vice-President and
and a director of Southern States Land
Timber Co. and General Realty Utilities Corp.—V. 154, p. 1532.
Lehman. Brothers
el.
.
since
Lehman Corp.,
of
director
&
the
is
Square D Co.—New Product—
4
v.
p.
aircraft...instrument
Kollsman
this
company's
1606.
by
155,
Y
division.—
dividend of 25 cents per share on the
holders of record June 15. A similar
distribution was made on March 30, last, and on March 12, June 30,
Sept. 29 and Dec. 15, 1941,—V. 155, p. 739.
r
The directors have declared a
Scott
•
155,
7-
selling exps._
and
Costs
i
Profit
Other
income
Total
•
Insurance
'
.
vg
of
exps.
1,324,196
.-,965,264.
230,433
348,395
Weekly Output— ;;
360,000
inc.
tax
and
invest,
v
Prop,
(net)
profit
Y..;—_Y
dividends—;—
Earns,
share
per
3T086
ZZIZZZ
2~60T34
.
$2,891,036
562,500
1,593.708
562,500
$1,372,653
$4,040,354
562,500
955,338
■ "
955,883
•Deficit.—V.
of
$1,234,182
562,500
1,593,888
p.
cents
;
$0.11
$0.50
5
;Z
,
at West Pittsburgh, approxi¬
/
;,""Z
■
"■
Pa.-—V.
148,
■•••
■
„
week
declared
a
Co.—Stock Offered
Supply
■
—
! '/
1942—4 Mos.—1941
1942—Month—1941
Apr. 30—
sales
$3,575,000 $10,778,000
2,454,000 w 9,105,000
$2,724,000
«_
2,216,000
sales
Wholesale
zr:
$9,580,000
7,758,000
sales—____
Combined
-V.
the week
155,
cents
—V.
Ltd.—Smaller Div.—
operat'g
1942—3 Mos.—1941
taxes—5,467,130" "• 4,710,835'-"20.010,542
/
Int.,
Ltd.—Acquisition—
$1,904,137
$2,318,015
$7,756,948
income.
income
614,202
2,497,048
$5,259,900
$6,151,946
1,336.894
1,336.895
$1,369,589
$3,923,006
$4,815,051
$1.34
$1.64
691,973
„
_
dividends
Preferred
137,144
$8,679,111
2,527,165
$1,212,164
$1,703,813
334,223;'- ' 334,224
.
deductions.
etc.,
Net
$8,541,967
67,988
$7,586,475
170,473
$1,836,149
income
Gross
17,390,019
$2,283,694
'
34,321
—
income
Non-operating
30 and Dec. 30, last year.—V. 149,
1942—12 Mos.—1941
$6,994,529 $27,597,017 $25,931,986
$7,303,279
revenues
and
Operating
Subs.)—Income Account-
(&
Penn Power Co.
Expenses
of five cents
$6,029,000 $19,883,000 $17,333,000
$4,940,000
Period End. Mar. 31—
Z'-ZZoZ
Dividend Action—
.
on
Notes—(1)
, v
Co.
2,935.000 shares—
conversion,
accounts of
The
—
its subsidiaries are not
and
be
retroactive
1,
Jan.
to
West Penn Public Service
Monongahela
consolidated.
(2) In anticipation of additional Federal
paid in the first quarter of the year.
Interim dividends of 25
were paid on March 7, June 5, Sept. 4 and Dec. 5, 1941.
155, p. 1128; V. 154, p. 1306.
Z
Z
V-Y. ■V." -ZZ
the
and
1942,
:
•
'
,
taxes on income, which may
amount of which cannot
presently be determined, the tax accruals for the three
March 31, 1942, have been increased by approximately
the
Co.—Cord Mills Converted—
amount
rates.—V.
this company which formerly proout large amounts of duck for essential
would
that
have
154, p. 1608.
.Z,
sZ,
.
months ended
$339,000 over
basis of the 1941
required on the
been
mills of
duced tire cord are now turning
Co.—Earnings—
share
Per
$877,941
—
decided
to take
each
quick
surplus
Balance,
that "conservative judgment makes It
action on the dividend declaration at this
This decision was similar to that taken on the dividend ordihave
not
United States Rubber
By
'
Z, Z
'vZ.zZ.Z ZY:'- ■ Y
z:/-zYYY*ZY'
rafts, pontoons and gas mask
Period End. Mar. 31—
1942—3 Mos.—1941
1942—12 Mos.—1941
three have been converted to
the weaving of duck and the spinning of yarns used largely in duck.
Operating revenue..—„
$219,443
$181,404
$773,722
$688,800
Common, shares outstanding
2,417,380
2,415,380 g 2,413,380
The other two mills also produce large quantities of duck yarns, the
Expenses and taxes—
207,457
202,252
849,815
816,095
Earnings per share
$0.60
$1.08
$1.20
only tire cord still spun being supplied to the company's tire plants
♦$20,848
*$76,093
*$129,295
*After provisiion for depreciation,
estimated taxes and all other
for essential military tires.
' V: ';"VZ' ■
Operating income
$11,986
326,195
1,264,876
1,311,077
charges, and in 1942 after provision for taxes including $1,560,900
•Z According to the announcement by H. Gordon Smith, general man¬
Non-operating income..
<
281,492
ncome tax
and $4,351,000 excess profts tax computed under the Rev¬
ager
of the company's textile division, the previous high mark of
enue Act of 1941,
Z : Gross income
$293,478 Y $305,347
$1,188,783
$1,181,782
together with an additonal amount of $1,772,000 to
production in terms of square yardage has already been reached, and
cover possible tax increases and other contingencies,
wi'l be more than doubled in the near future.
In addition, the com¬
and in 1941 also
Int., etc., deductions—
66,042
68.385
277,806
273,536
after $500,000 for possible
tax Increases and other contingencies.—
pany is supplying large quantities of yarns to upholstery and carpet
$236,962 Y $910,977
$908,246
manufacturers who likewise are converting their plants to the produc- ^
Net income
$227,436
V. 155, p. 1846
»
tion of duck to meet Army and Navy requirements.
*Dcbit.—V. 154, p. 1760.
;
Previously, the products of the textile division were limited to cord
Y Tonopah Mining Co. of Nevada—Subs, to Dissolve—
lor tire plies and fabrics for chafer strips.
These products require
Z Western Union Telegraph Co., Inc.—Earnings—
v The
dissolution of American Mining & Securities Corp., a whollya large
capacity of carding and spinning and a comparatively small , .
owned subsidiary was approved at the annual meeting of the Tonopah
number of looms for weaving.—V. 155, p. 1687.
Z, Period End. Mar. 31— * - 1942—Month—1941
" 1942—3 Mos.—1941
stockholders on May 12.
The stockholders also approved a resolution
Telegraph and cable op;;.///■■ Z.
Z-V.
empowering directors to liquidate Tonopah Canadian Mines Co., an¬
derating revenues.... $10,034,337. $8,996,205 $28,756,280 $25,450,203
Universal Winding Co.—Pref. Div. Reduced—
Yother wholly-owned subsidiary.
%. /. V
V-;^'VC/\V ^
;
Telegranh and cable op"'
' /
"
On Jan. 10, last, these two subsidiaries disposed of their controlling
■Y The company on May 1 paid a dividend of $1.50 per share on the 7% •'
erating expenses
8,073,930
7,232,114 23,816,962 21,220,928
Interest in Mandymines, Ltd., to Hudson Bay Mining & Smelting Co.
preferred stock, par $100, to holders of record May 1.
Previously
lor $325,398 in Canadian currency.—V. 155, p. 1223.
jYZZY'Z''YZV-; regular quarterly distributions of $1.75 per share were made on this ZZNet telegraph & cable
.v
' ",J"' Z . Z't'"/'Z'\'.: ; : P'
issue, the last dividend at this rate having been paid on Feb. 2, 1942.—
operating revenues.
$1,960,407/ $1,764,091 $4,939,318 $4,229,275
V. 147, p. 2105.
Transcontinental & Western Air, Inc. — New ViceUncollect, oper. revs...
52,403
35,985
146,569
101,801
Taxes assign,
to opers.
845,001 ,V 496,086
2,089,813 '• 1,471,946
President, Etc.— * ' - ' ;
;
profit
1942
„—
——
*$1,461,766
1941
;
$2,613,452
1940 *
$2,887,518
Navy products, such as life
the company's five mills,
and
Army
Z
West Penn Railways—Income Account—
Of
carriers.
...
*
,
*
"
•
'■"•Ob/
—
.
.
.
.
.
(
John A. Collings has been
Z
elected Vice-President in charge of opera¬
;Yr Upper Canada Mines, Ltd.—Smaller Dividend—
succeed
to
A
!
Is
vice presidency was created for Clarence EZ Fleming, who
Assistant* Secretary.
He has been Assistant to the Chairman,
new
also
Colonel
Wilson,
B.
T.
1127.;
p.
%%'Z Z.
/"'Z'Z.'
.Ferrying- Command.
now
on
active
duty
with
the
Army.—V.
Aug.
'
1942, the newspapers reported an explosion in Versailles
(Pa.) plant of the Central Railway Signal Co., a subsidiary of Triumph
Explosives, Inc., and owner and operator of five plants throughout the
country.
The scene of the explosion was a building of the Versailles
plant devoted exclusively to the manufacture of railroad signal torpedoes.
■<•'*
■' • ' '
viZ- '
:'Z •
G. H. Kann, President of Triumph, stated that while he greatly re¬
On May
Truax-Traer Coal Co.—20-Cent Common
The
directors
the
on
common
on
May
stock,
financial
Dividend—
13 declared a dividend of 20 cents per share
payable June 10 to holders of record June 1.
with 37% cents, per share paid on March 11, last, and
on Oct. 25, 1940, and 25 cents on April 25,
1941.
The directors also declared the regular quarterly dividends of $1.50
This compares
per
on
share on the 6% convertible preferred stock and $1.37% per share
the 5%ft
convertible preferred stock, both payable June 15 to
holders of record June 5.—V. 155,
p.
..*%■"■ Z'- V,
927.
cents
each; and Dec. 10, 3 cents.—V. 155, p. 608.
Co.—April Sales—
~
of
five
cents
v.■ 155,
832.,:,
p.
totaled
Vermont
for
Deliveries
V.
155,
p.
the month
totaled 73 coaches aggregating $900,000.—
"
1607.
'
Electric
Power
V.
155,
&
p.
Co.
Light Co.
Acquires Laclede
Properties—See latter company—
of Missouri
—
1520.
Union Pacific RR.—New Director—
W. Robinson of Omaha has been elected a director of the
Union Pacific, Oregon Short Line and Los Angeles & Salt Lake
Frank
-V.
155,
p.
(F. W.)
-Y."ZZ;■•■Y'.-.Zy-"'. • Y Y', ZYZY"" :"-Y Y; YY Y-zY
Utilities Inc.—Sells Bonds Privately—Com¬
has sold privately to an insurance company $150,bonds series A 4%, due Jan. 1, 1967.
The proceeds of the sale of the bonds will be applied to the payment
of past due accounts payable and note obligations (other than those
Zdue to Colonial Utilities), and the balance will be used to reimburse
the company for capital expenditures
previously made by Wes-Lon,
Weybridge and Allied companies, and to provide funds for additional
capital expenditures expected to be made, and for other corporate
purposes.
■
' Z
- ZCompany has been organized in Vermont (in connection with the
successful reorganization of Colonial Utilities Corp.), and has merged
$2,702,936
363,340
$2,655,528
398,849*
$1,427,502
$3,066,276
$3,054,377
593,784
1,752,706
gross
—w—
Net Income
—
,
}
$662,695
...
—
582,972
;
$833,718, $1,313,570.
1,765,825
$1,288,552
1608.
Woolworth Co.—April Sales—
30—
1942—Month—1941
1942—4 Mos.—1941
Period End. Apr.
—V,
$33,135,860 $29,493,570
155, p.
(Wm.)
000 1st mtge.
1760.
/
,
'
r
the
and
Allied
Vermont
Utilities,
Inc.,
Wes-Lon
Light & Power Co., Inc.,
Weybridge Light & Power Co., Inc.
Capitalization
bonds (authorized $500,000) outstanding with
$150,000
notes and 14,000 shares
stock being all owned
will consist of
publie, $50,000
ipar $25) capital stock, the notes
by Colonial Utilities Corp.
Wrigley, Jr., Co.—Three
$119,213,051 $101,604,500
/.• - "Z "Z ;> Z':Z
Of
1942."
During
5
'
Z
1941, the company also paid the following extra dividends:
1 and Nov. 1; and 50 cents on Dec. 27.—V. 155,
each on May
25 cents
p.
May
1024.
f
'
'
Youngstown Sheet & Tube Co. (&
income
31—
__—— _
—
Refinancing Plan Ap¬
proved by State Commission—
The
refinancing plan of
by the
also author¬
order
requirements.
the dissolution of the Virginia
authorized
Generating Co.,
1940
1939
$4,270,114
$2,984,795
2,072,037
1,904,906
659,965
931,292
1,670,990
937,963
158,735
^
and
profits taxes—
-7,700,000
2,305,200
profit
—
per sh. on com,
$2,576,579
$1.41
$4,576,197
$1,253,929
$217,107
$2.61
$0.63
Nil
for Fed.
Net
Earns,
company was
construction
The
Subs.)—Earnings—
1941
inc.
the company was approved April 29
Corporation Commission of Virginia in an order that
dissolution of three wholly owned subsidiaries.
authorized to offer for sale at competitive bidding
$26,000,000 first mortgage bonds
and $10,500,000 sinking fund de¬
bentures, the proceeds of the sale to be applied to the retirement of
all presently outstanding long-term indebtedness of the company and
for
Prov.
excess
ized the
The
charges—
Miscell.
.
$9,613,399
179,986
1942
$13,347,077
Deprec. and deplet.—
2,469,555
Interest, etc.
600,943
3 Mos. End. Mar.
Total
—
Virginia Public Service Co.
Regular Dividends—
declared three regular monthly dividends
of 25 cents each, payable June 1, July 1 and Aug. 1 to holders of
record May 20, June 20 and July 20, respectively.
Like amounts were
paid in each month during 1941, and in each of the first five months
directors, on
The
"
State
Union
from
$1,232,020
195,482
$1,245,667/
L
income
Gross
Deductions
$1,063,003
182,664
.
income..
pany
•
and
$1,600,000.
income
Sales
reports the sale of 172 coaches to 20 companies during
which sales, according to Ross Schram, Vice-President,
1942,
Operating
Non-operating
YY
Hie company
April,
:
dividend of 10 cents per share,;
June 10. This compares with
share' paid each quarter previously, In addition, extras
each were paid on Sept. 20 and Dec. 20, last year.—
per
10-Year 4%
Twin Coach
:Y
The directors on May 12 declared a
payable June 20 to holders of record
20
.
2,
gretted the loss of life incurred, the company will suffer no
loss, since it is fully covered by insurance.—V. 155, p. 1758.
30, 4 cents
Upson-Walton Co.—Dividend Halved—
r
Z
>
'
a
income
Triumph Explosive Co.—No Loss from Explosion—
•
declared
'
155, 1
z^v Yz/Zzzz*'•
;
.
.
-
dividend of 2% cents per share on the ;
common stock,
par $1, payable May 30 to holders of record May 16.
This compares with 3 cents per share paid on March 2, last.
Distri-butions during 1941 were as follows: Feb. 28, 3 cents; May 31 and
directors have
The
>
L. G. Fritz, who was granted a leave of absence
recently to become chief of operations of the United States Air Forces
tions,
IV
1520.
p.
West
'
narily
the
common stock,
par
25.
-Previously, the company made regular quarterly payments of 20 cents,
per share on this issue, the last payment at this rate having been
;tnade on March 16, 1942.—V. 155, p. 1318.
... V.
.
Quarter Ended Mar. 31—
"Ijti"!
■
semi-annual dividend
States Freight Co.—No
desirable
time.*'
Dividend—
declared a dividend of 15 cents per share on
$1, payable June 15 to holders of record May
.'•Net
PI
I
''"zYzZZv.;;,^^^
Period End.
Retail
Brunswick Power Co., above.—V. 133, p. 140.
directors
The
The directors have
Tlmken Roller Bearing
t
,
...
United
1758.
Tilo Roofing Co.—Smaller Common
-
Yz April Sales—
inp
to 110,569,235 kwh., as against 100,last year, which was an increase of
1846.
-
amounted
share made on June
per
2101.
seem
,
permitting abandonment
certificate
*$922,206
$2,522,516
$0.36
$0.41
;
Auto
.
"'-'ZZ'Z-ZZp"'1 '■:' Z':'ZV'-Z
United Service Corp.,
on
155, p.
a
Butler and Lawrence Counties,
in
;Z.
:
'count 50c.-
share on the Standard Shares, par $1 payable June 30 to holders
record June 15.
This compares with semi-annual distributions of
six
$3,370,294
stock
common
*
the U, G. I. system companies for
same
have
directors
The
See New
Surplus
the
in
<•
United Gold Equities of Canada,
;
259,575
per
$1,214,086
dividends.——
'
—
2289.
Total
,Z
——
Preferred
Common
,
—__—153,934
>171,256
acreage
Credits
1942,
9,
kwh.
contravention of the Act of its holdings
z'Y"
*
137,873
issued
24
all
miles,
26.5
mately
1
f.
retirement
and
1
dry hole losses (net)Rentals of undeveloped
Gas Co., Nashville.
Hartford Gas Co.,.
10,004,506 kwh., or 9.9%.—V. 155, p.
490,156
——
May
564,729
;
'
225,000
undeveloped leases—
ended
31,800
442,800
//
/
output for
electric
The
3,181,386
4,016,009
f
Net
&
23,219
1,914,900
Fed.
of
Amort,
Manchester Gas Co., Wyandotte County
Heating Co., New Haven Gas Light Co.,
appropriate manner not in
the companies named.
"
.'
3,817.038
March
on
connection with the Baltimore & Ohio RR.
Bridgeport Gas Co. and the Connecticut Railway & Lighting Co.
}■ The supplementary order confirms the original one requiring the;:
UGI to sever its relationship with the companies by disposing in any/,-
and depl. chgd.
for
Prov.
,,
236,242
Z_Z—————ZZ/ 3.631,091
off
.
Co.,
Gas
235,640
360,581
237,926
-
Merrill
In Subsidiary Sale—
0Y:%Y;Y ' zY-YY.i ZZ'ZY'Y YYz
The SEC in a supplemental order reaffirms its order of April 15,
' Lynch, Pierce, Fenner & Beane, offered after the close
of business May 13 a block of 15,300 shares of common
1941, that the company divest itself of control of nine subsidiary com¬
panies.
The companies named are the Arizona Power Co., Concord , stock (par $10) at a fixed price of 13y4 net. Dealer's dis-
$7,727,612
772,377
1,150,379
_///Z/'——_Z■
Deprec.
the same
ICC
The
Western
$7,474,180
253,432
$9,400,859 $10,686,400
716,575
'741,216
1,115,141
1,173,128
227,611
etc
of deb.
issue
■
$12,553,450
774,543
exps._
.
discount,
Amort,
$9,195,665 $10,418,930
205,194
267,470
:
.
Improvement Co.—SEC Reaffirms Order
Gas
United
/
by the company of part of its main line of railroad extending from a
connection with the Bessemer & Lake Erie RR. at Queen Junction to a
- i Z.
fountain..'
duties with the Liggett Drug Co.
/„// ZZZZ'/'' 'Z;, /// ZYYV
Dow was in charge of soda
p.
Gas
taxes
Ordinary
Int.,
191,338
income
and admin.
Geu.
$12,362,112
.—
—__
assumes
1759.
p.
1847.
p.
A-*r
(& Subs.)—Earnings—
1942
'
1941
1940
1939 ;
$36,988,606 $34,927,272 $35,289,340 $30,159,749
24,626,494
25,731,607 24,870^10 22,685,570
1
Sales
He
operations.
deposits.—V. 155,
of Subs.—
Jr., formerly
Vice-President of the Liggett Drug Co., it is announced
a
by Justin W. Dart, President.
ZZ In his former connection Mr.
March 31—
3 Mos. Ended
Charles R. Gow, President of the company, has reported to holders
its securities that assents to Its reorganization plan .now comprise
than 1,000 owners of more than 35%. of the bonds and 18%- of
%/;,/ the capital stock. June 1 has been set as the final date for acceptance
of
ZZ/ -more
YZ Western Allegheny RR^AbandOnftieht—
with ' the 'Walgreen'' CoZof Chicago, has *
Dow
J.
elected
been
—V.
Tide Water Associated Oil Co.
-'
1607.
Y Warren Brothers Co.—Assents to Plan—Y
;
Z
of
capital stock, payable June 30 to
"
'•/.
.
United Drug, Inc.—New Vice-President
YZYzY
;
counsel for United,
Z
...
Z/ The Commission took the case under advisement.—V. 155, p,
usual care.
Y%:;'<v'YY
v.'YV'
Corp.—25-Cent Dividend—
Tennessee
t
Y'-Z'' YYYYYYYY
be read to one mile per hour
Army
-
expressed the
but
the
; Commission, said the Commission would consider the motion with its
Smith,
Joyce
Richard
that the Commission would not summarily deny the motion
'would consider it on its merit and Ganson Pureed, Chairman of
hope
air-speed indicator which registers up to 700 miles per hour and
at any speed has been devised for the
An
can
then.
as
now
same
reply,
In
;
'
the Pampton
Public Service
.^pwing Qorp., and the Middlp Virginia
—
May Sell Mill—
Negotiations are under way for the sale or lease of the company's
Brier Hill plate mill to another steel company, for making ship
oid
plates,
according to a Youngstown,
the mill
west.—V.
Ohio, dispatch.
Under the plan
would be dismantled and reassembled somewhere in the south¬
155, p. 1320.
-
!I
\ H
@FedFRASER