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2 11945
MAY
MONDAY
Volume
161
New
Number 4387
General
RAILROAD
ACF-Brill Motors
Ronald
R.
Monroe,
manufactured
by
the
three
that seven
shipped
to
the
The
next
25
ACF-BRILL
for the
trolley
scheduled for
are
Des
stock,
Moines
transportation
public
vehicles
the past
1944.
moving
now
The
the
stock.—See
common
Allied
V.
161,
compared
$1.50
to
all
the
accepted
the
Agent—
$236.11
net
income
for
with $121,801
rate
company's
of
$4.50
per
the
on
to
present
exchange
series
annum
1945
B.
will
MISCELLANEOUS
-
ceivable,
$4,633; miscellaneous accounts receivable, $12,702; furniture
fixtures (after reserve for depreciation of $1,098), $58z; dexerred
charges, etc., $312; total, $852,136,
and
was
1944
of
quarter
31,
Dec.
of
quarter
first
preferred
on
and
Liabilites—Payable for securities purchased but not received, $15,442;
and accrued expenses, $2,434; accrued taxes—general,
accrued Federal income taxes, $9,720;
reserve
for Federal in¬
accounts payable
$6
their
Dividends
from
accrue
y
will be
they have
for the $4.50
stock
the
new
stock
July 1, 1945.—V.
v. .y
-:'
at
161,
tax
come
paid
not
or
on
stock
preferred
1945,
stock
(par
stock
of
earned
surplus
securities
of
In
This
Issue
1944
$
Unfilled
orders
Pa.ge
York
New
Stock
Exchange
(Stocks)
2229
American General
2244
$160.33
Stock
Exchange
2249
preference
Boston
183,705,029
Stock
82,311,221
79,004,045
46,475,895
Cincinnati Stock Exchange
—_
9,079,582
9,289,693
6,512,138
Cleveland Stock
profits
exc.
7,500,000
7,100,000
income
Earnings 'per
1,979,582
shares
share
-
—....__
1,789,693
1,432,138
1,776,092
__
—
common
1,776,092
1,776,092
$0.81
New Termination Plan—
new
a
Department
will
decisions
be
contracts
war
earlier
in
made
161,
disposition
on
of
inventory
/y
Stock Exchange...
Inc.—April Breaks All Records—
the
for
second
contract
under
month
successive
trans-Atlantic
in
operating
operations.
exceeded
The
1,717,000
route miles
total,
March
itself,
in
income
Interest
.
'1943
1944
1942
$107,565
$109,526
2,071
6,449
7,616
$109,636
$115,975
$155,626
43,464
35,972
36,232
35,331
6,667
17,746
$73,076
$102,548
$148,010
banks
inc.
over
/,
$57,452
expenses
Balance
—2256
Markets.....
y.
.
$73,664
Sheet,
March 31,
1915
Assets—Cash in
and
banks, $1,586,625; accounts and dividends receivable
accrued, $26,841; general market securities, at market
$13,580,517; investments in securities of subsidiary com¬
interest
quotations,
panies,
$11,545,586;
total,
$26,739,567.
Liabilities—Accounts
2239
$36,773;
2239
accounts
serve
for
plus,
flown
represented
payable for securities purchased—not received,
payable, accrued expenses and taxes, $64,130; re¬
$19,511,705;
Federal
securities,
subsidiary
Miscellaneous Features
greatest monthly number of route miles flown by American or any
domestic airline flying the Atlantic or the Pacific for the ATC.
—V. 161, p. 1762.
dividends,
•
$100,916
......
to
of
oper.
2255
....
Stock and Bond Averages
other
>
tWithout giving effect to security transactions.
2254
Transactions New York Curb Exchange
the
.
5,547
,
expenses
paid
tExcess
Transactions New York Stock Exchange—2239
to
accrued
and
-
$95,369
bonds
on
____.._2254
Montreal Curb Exchange
the Army Air Trans¬
port Command, has shattered all records for military flight operations
during the month of April, it was announced on May 10.
The airline
corporation
stocks...
on
earn,
Operating
2253
Stock Exchange.
Montreal
,
share
per
stock.
^,..2252
Toronto Stock Exchange—Curb Section
when
$50
Income Statement for Quarter Ended March 31
^
Total
2252
Over-the-Counter
American Airlines,
This
cost
over
1194.
p.
1945, were equivalent to approximately
preferred stock
and,
after deducting
31,
of
1945
2252
.l.
Toronto
1418.
p.
value
161,
Corp.—Quarterly Report—
March
convertible
liquidatilon
share common
per
Interest
2251
_
St. Louis Stock Exchange..
I
■
advance
terminate.—V.
$852,136.—V.
2251
Stock Exchange
Philadelphia Stock Exchange,.
this
at
share
in
Dividends
2251
Pittsburgh Stock Exchang$__i___.i
month announced approval of
type contract termination plan with this company under which
The_,War
...
$1.01
$0.95
,i.
-
assets
per
i
2250
_
Exchange
net
$13.77
2250
Detroit Stock Exchange
5,080,000
The
2249
Chicago Stock Exchange
Los Angeles
Net
2240
(Bonds)
Exchange
59,748,075
taxes
•
Exchange
Baltimore
$
>-
303,835,151
Curb
46,912,552
taxes
fair
or
Inc,;
New York
.—.———
~—.———. _
before
Profit
Estimated Fed. inc. and
total,
years), $506,557;
value over cost of
fair
or
market
of
Power
Stock Exchange
107,609,928
booked
Orders
market
excess
owned,
$10,000;
(after dividends on
prior
System.
Electric
Stock and Bond Quotations
1943
$
:
234,978,975
..
in
Included among these companies are Appalachian
Co.;
Indiana
&
Michigan Electric
Co.;
Kingsport
Kentucky & West Virginia Power Co., Inc., Kanawha
Valley Power Co.; The Ohio Power Co. and Wheeling Electric Co.,
all forming part of the Central System, and of Atlanttic
City Electric
Co. and The Scranton Electric Co.—V.
161, p. 1873.
•
Utilities,
-Earns.
Subs.)
(&
1945
.
securities
surplus
thereto
of
excess
owned, $201,488;
Electric Co,
:?y
New York
Manufacturing Co.
•
charged
$99,741;
of
capital
$6,152;
American Gas & Electric Co.—Official Promoted—
Co.—Special Offering—A special offering
of 4,000 shares of comon stock (par $5) was effected on
the New York Stock Exchange? May 9 at $18 per share,
with a commission of 50 cents, by Paine, Webber, Jack¬
son
& Curtis.
The sale was completed in the elapsed
time of 15 minutes. There were 18 purchases by 13 firms;
1,000 was the largest trade, 20 the smallest.—V. 161,
p. 873.
Quarters Ended March 31—
(before
owned),
securities
appreciation
10c),
$45,808
Philip Sporn, formerly Vice-President, has been elected Executive
Vice-President of this company and Executive Vice-President and Chief
Engineer of each of the operating companies of the American Gas &
Kid
Allis-Chalmers
unrealized
on
common
common
1989.
p.
Copy
a
$601;
1649.
p.
appointed transfer agent for
first
the
the
on
share
per
ending June 30,
regardless of whether
offer
stock,
share
1944,
year
stockholders
preferred
quotations as of that date,
per
the
for
INSURANCE
-
$227.87
or
quarterly dvidend
share for the quarter
per
preferred
market
on
equal to
$11,126,994,
regular
of
the pro¬
cumulative
Aircraft Radio Corp.—Transfer
to
company's
as
"The
delivery to Honolulu.—V. 161, p. 2105.
Brown Bros. Harriman & Co. have been
$11,529,249,
$553,728 for the calendar
aircraft,
along
to
compared
as
$121,022
Army and the Navy.
coaches
INDUSTRIAL
-
securities of the company, based
amounted
44-passenger
Philadelphia firm since 1942.
During
been
engaged in the manufacture of
it has
years
ordnance and ship assemblies
duction line
PUBLIC UTILITY
■
announces
trolley
coaches
have
been
Railways Co.
These are the first ACF
Price 60 Cents
Corporation and Investment News
Co.—Ships Trolley Coaches—
President,
ACF-Brill
York, N. Y., Monday, May 21, 1945
income
taxes,
unrealized
$2,626,680;
companies
—V.
161,
capital
y-
book
over
;
.
stock,
sur¬
market
investments
which
cost,
$298,771;
general
of
(net)
amounts- at
carried
are
$26,739,567.
General Corporation and Investment News_2213
$22,921;
appreciation
of
excess
in
total,
$4,178,587;
...
v
1873.
p.
State and City Bond Offerings and Sales—2271
American European Securities
of
Holders
the
outstanding
48,830
Co.—Exchange Offerof
shares
$6
preferred
stock
Unexchanged
plan.
June
on
The
shares
of
$6 preferred
dividends.
1945 at 110 and
has made arrangements
30,
stock
'
.
will
*.
".
York
per
borrow
to
payable
annum,
up
to
Combined
monthly
accrued.
The
Statement
of
Net
will
note
be
Federal
Reserve
Member Banks
of
It
of
Co.
agrees
first anniversary
additional
to
amortization
premium equivalent to
and
payments
Va of
1%
per
annum
from the date
of
said:
"Due
obtain
is
to
prevailing
investment
an
paying
on
its
low
money
return
rates
the
comparable
outstanding
preferred
to
company
can
the dividend
stock.
the yield on the company's investment portfolio
As
of
no
rate
March
longer
which
31,
it
1945
(excluding Government
fore
American Foreign Investing Corp.—Earnings-
approximated 4'/2%.
of the foregoing the directors have determined that in the
of the coifipany action must be taken to reduce the rate of
dividend payable on its preferred stock to bring these dividends more
"In
view
in
with
line
paid
by
the
company's
earnings
other investment companies.
authorized
the
series
This
and
with
To
the preferred
this end
the
dividends
directors
have
of a new $4.50 cumulative preferred stock,
preferred stock entitles the holders thereof to
the same rights and privileges as the existing preferred stock (includ¬
ing the redemption price of $110 per share) with the exception of the
dividend rate, which is $4.50 per annum instead of $6 per annum.
"As
B.
at
March
and
Fed.
expenses
$15,995
$7,457
8,275
7,486
7,964
31,
1945
the net
assets
applicable
to
the outstanding
Aver,
■<
oper.
the
earnings
161,
$18,675
*$2,766
$8,509
44,574
50,533
27,815
$41,808
$59,042
$27,308
5,744
2,200
8,590
$103,054
$39,608
$50,452
;y'.
profit
inc.
tax.
profit
♦Loss.
;
10,109
$17,198
1944
1943
1942
$4,165,482
$3,968,581
$2,718,897
2,831,899
2,962,797
2,683,427
1,544,638
$1,332,824
$1,202,685
$1,285,154
$1,174,259
1,083,893
$L23
957,106
$1.26
887,331
$1.45
852,372
$1.38
prof. tax.
net
profit
of
com-
share....
per
depreciation, interest and other charges.
New Officials—
Smith, recently resigned Vice-President of Gelatin Products
has joined American Home Products Corp., as Assistant
Vice-President Walter Silbersack, it was announced re-
Corp., Detroit,
to
Executive
Balance
Sheet
Mr.
and
,;v
yy
not
delivered,
in
March
31,
1945
receivable for securities sold but
securities owned, $716,096; accrued interest re¬
banks,
$1,460;
$116,351;
-
Smith
will be in
comes
the
Edwin
to
A.
.
(
,
1
the purchase, production
products.
His headquarters
corporation's executive offices, 350 Fifth Ave., N. Y, City.
will
distribution
Dr.
Assets—Cash
(& Subs.)—Earnings
1945
centJy,
Net
as
665.
p.
be¬
shares
"After
*$507
90,123
___.
....
for Fed.
Appropriation
foreign income
Gerald
Prov.
$0.11
renegotiation under the
Act will have
a
reported after provision for
of
results
$4,164,723
number
mon
profit from sales of
Total
the
Products Corp.
Home
earns,
excess
Earnings
$108,798
expenses
and
Consol.
$5,509
issuance
new
upon
taxes
and
$26,301
_
securities
net
1942
1943
Excess of income over
Net
$220,611
$441,222
div.
7,625
received
Oper.
1944
1945
I—
earned
220,611
$349,959
Defense
reserves.—V.
American
Int.
349,959
that
National
Quars. End. Mar. 31—
bonds)
interest
taxes
♦Consol.
.
offer,
the
effect
payments of $250,000 on the
each anniversary thereafter. Any
made by the company shall carry a
thereof
$699,919
$0.33
expected
of
and
on
payment to the maturity of the loan.
'
Robert M. Youngs, President, in connection with the above exchange
1944
1945
.
share
per
not
material
amortization
accept
of the loan
■
than
taxes.:
income
all
..2258
by securities owned by the company having a market value at all times
of not less than
150%
of the amount of the loan.
The Guaranty
Trust
is
provision
2263
System
Capital Flotations for April, 1945
secured
for
other
exps,
depreciation,
income taxes
repairs,
profit
Earnings
2263
Statement
Condition
after
....
for
res,
Reserved
Federal
Reserve Banks
$2,500,000,
as
2263
and
profit
-2263
Rates
Condition
v
..
company
New
Exchange
Foreign
with the Guaranty Trust Co.
which would be used to pay
for any of the unexchanged stock.
This loan would be evidenced by
a
note payable in five years, and carrying interest at the rate of 2%
of
and Payable..
Dividends Declared
redeemed
be
Operating,
...2257
The Course of Bank Clearings
Co.—Earnings—
9 Months Ended March 31—
—.2263
Notices
on
May 10 were offered in exchange for each such share held one share
of $4.50 cumul. preferred stock, series B, the offer to expire at the
close of business on June 15, 1945.
The Registrar and Transfer Agent,
transfer agent for the company,
is also exchange agent under the
& Leather
American Hide
Redemption Calls and Sinking Fund
advise
of
Mr.
vitamins
F.
Pike
H.
P.
has
from
Silbersack
and
been
named
Gelatin
on
allied
Technical
Adviser.
Corp.,
Detroit,
Products
He also
where as
Banks, Corporations and Individuals have found
an effective market place for large or small
us
BLOCKS of SECURITIES
which
are
not
readily marketable.
*
INQUIRIES INVITED
HILL, THOMPSON & CO., INC.
120
Broadway, New York 5, N. Y.
H
research in the development and
vitamins, amino acids and steroidal drugs.—V.
ducted basic
carefully calibrated
Telephone &
Telegraph Co.—Usual Div.—
of
tfeen
have
on
share
on
net
Works & Electric
American Water
205.541
809,024
$312 456
$220,616
300,000
$1,753,504
1,199,604
$553,900
$284,185
—!
$12,654
Dr$79,384
2,343,105 shares outstanding (exshares held in system)—.
surplus
Balance
basis of cost by
the
on
been
Service
income
Gross
Federal
taxes
refinane.
sale
,
from
from sale
&
2,357,377
MinV
$1,102,589
667,480
435,109
income
Net
78,623
UxnadjustmLtPtC-!i
adjust. —
tax
tSpecial
.
share
(bef. spec, tax adj.)
on
2,343,105 shs. of
income
Net
per
stock
common
9,386,590
Federal taxes on income
in
tReduction
loss
sale
on
'
$0.54
Power
Federal Gov--
♦Profit
——
:'
the
company's
50,000 shs.
*750,000 shs.
80,000 shs.
—
.
and
1945,
Note—As
V
for
Provision
and
income
excess
1945,
10,
of
consisting
3,
the
1945,
three
at
March
the rate
1945,
3,
through
1,' 1946
Jan.
at
was
per
Jan.
capital
to
of
and
Jan.
1,
3,
1945, the company was also indebted
Co. in the amount of $326,527, the debt being
and
issued with
notes
the purchase of
to
respect
of
capital stock
k
Shore Tire and Rubber Co.
Option—Pursuant
has
the
to
to
underwriter
an
to
purchase
stock (no par), on or before May 15,
common
to
$7,110,955
1946, at $17 per share.—
petition, local telephone service in
,'ties in Southern California,
taxes
4,815,778
5,557,770
May
14
declared
quarterly
initial
an
dividend
tents per share on the 5% cumulative preferred stock,
payable June 1 to holders of record May 21.—V. 161, p. 1650.
of
'■
$50,
par
1929.
com-
certain cities and other communi'
toll'service, over its cwri lines exclusively, be¬
Westminster, between Malibu Beach and
Monica and West Los Angeles, between
Laguna Beach and Tustin,
between San Bernardino, : Crestline ahd
Lake Arrowhead, and between all of its exchanges located In Santa
Barbara County.
Toll service to other points in and out of California
is provided by connection with the Bell System through the lines of
Southern California Telephone Co.
San Joaquin Associated Telephone Co., a subsidiary, operates, with¬
out competition, local telephone systems in Stralhmcre, Fowler, Lind¬
say
and Reedley, all of which are located in the central part of
California.
This subsidiary also owns and operates a toll line between
Reedlfey and General Grant National Park, Calif., affording toll service
to a number of intermediate small communities.' Toll service to other
points in and out of California is provided by connection with the Bell
System through lines of The Pacific Telephone & Telegraph Co.
Aro Equipment Corp.—Initial Preferred Dividend-—
62%
t
incorporated in California March 18,
the business of providing, without
in
.
provides
Company
on
from
redemption.
of
was
engaged
is
Company
1650.
directors
date
Business—Company
1945, company
the underwriter, granting
12,500 shares of class A
agreement with
option
an
dividends
;
agreement dated March 17,
an
agreed to enter into
cumulative
to
'
to Sears,
evidenced
March
the prior privi¬
outstanding cumulative preierred
shares under the company's
shares are subject to
Offer—Company offered to holders of its outstanding
shares of cumulative preferred stock, $1.25 series, the privilege of
exchanging such stock fcr the new preierred stock on a share-forshare
basis, together with an amount of cash to be paid by the
company to the shareholder, for each share of old preferred stock so
exchanged, in the sum of $4 (being the difference between the initial
public ollering price per share of new preferred stock and redemption
price per share of the old preferred stock exclusive of accrued divi¬
dends on both the old and new preferred stock) plus an additional
amount of cash equal to the difference between
the dividends accrued
on
each share of old preierred stock from May 1, 1945, to the date
or redemption and
the dividends accrued on each share of new pre¬
ferred stock irom May 1, 1945, to the date of expiration of the ex¬
change offer.
All of the outstanding shares of old preferred stock not
so exchanged will be redeemed on or about June 25, J945, at $26.50 per
share
plus dividends from May 1,
1945, to redemption date.
Such
exchange ofier is conditioned upon the purchase by the underwriters
of the unexchanged shares of new preferred stock and 42,312 shares
not subject to the exchange offer.
Any holder of old preferred stock may exercise the foregoing privi¬
lege of exchange by depositing the shares oi old prferred stock to be
exchanged with either Citizens National Trust & Savings Bank, Los
Angeles, or" Bank of America National Trust ana Savings Association,
San Francisco, or Bankers Trust Co., New York.
The exchange offer
will expire at 12 noon, Pacific War Time, on May 21.
Purpose—The cash proceeds, together with other funds of the com¬
pany, will be used (1) to redeem at $26.50 per share, • plus accrued
dividends from May 1, 1945, to the redemption date, all unexchanged
shares of bid preferred stock, and (2) to the payment of the cash
adjustment payable to tne holders of the shares of old preferred stock
making such exchange.
respectively,
1952,
1,
annum,
through
1953
preferred stock-
Exchange
the remaining
1955, and bear
per annum.
The $800,000 long-term
repaid from the proceeds of the new
3%
of
annually Jan. 1,
the rate of 3%%
issue of May 14 of the
shares cumulative
offered '238,000
dividends
accrue
borrowed
company
our
,
/",/
May 1, 1945, payable quar¬
Redeemable as a whole of in
part at any time, at the option of the company, upon not less than 30
days' notice, at $24 per share if redeemed on or before May 1, 1950,
and at $23.50 per share if redeemed thereafter, with; in either case,
the holder of each share of existing
March
at
made in
'
•
Stock Of¬
terly Feb. 1, May l, Aug. l and Nov. 1.
long-term unsecured note held by New York Trust
agreement dated Feb. 21, 1945, between the com¬
interest
at
The
.$6,779,693
profits
automobile departments have
the liability and glass fields
announcing additional facilities
into
of
series, of exchanging their
exchange offer, %////' //'V/'iiX/
Purpose—The net proceeds (estimated $3,160,124) will be applied to
the repayment of the $3,000,000
loan outstanding under the letter
agreement between company and New York Trust Co.
The balance of
$160,124 will be used by the company for general working funds and
any general corporate purposes incident to carrying on its business.
V
—
—
glass
May 16.
and
entry
program
$1.25
:
Monica,
Beach and
Huntington
Santa
1944
1945
j
burglary
and
the holders of the company's
stock,
Entitled
April
paid
was
280,312
of
shares
the
Of
lege of
letter
beginning
V. 161, p.
before income and
from operations
profits taxes
profit
excess
casualty affiliate, has now
insurance departments,
Co.,
plate
Co. and associates.
splitting the class A common stock (no par) and the
stock (no par), four-for-one, a stock dividend was
3,
a
at
as
the
Corp. (& Subs.)—Earnings—
12 Months Ended March 31—
Net
and
is planned for the future.—V, 161, p. 979.
tween
Anchor Hocking Glass
1944.—
of
($20 par) 4V2% series, at $22.50 per share and dividend
by Paine, Webber, Jackson & Curtis, Mitchum, Tully &
Underwriter—F. Eberstadt & Co.
1942
$141,587
1943
$54,134
operations,
the
offering
Outstanding
50,000 shs.
299,380 shs.
53,380 shs.
Authorized
pfd. stk. ($50 par)
(no par)______
stock (no par)
—„
stock
mature
Roebuck
estimated Federal taxes on income.
depreciation, interest and
161, p. 1763.
♦After
—V.
April
bear
notes
As
■
1944
$56,790
the
1,
January
fered—Mention
year
and
Corp.—Earnings—
1945
$50,336
552,000
$271,684
and The New York Trust Co., the company was authorized
borrow $3,000,000, repayable in installments oi $300,000 on Jan. 1
by
,
3 Mos. End. Mar. 31—
389,433
$593,746
Company will repay the entire $3,000,000 loan from the pro¬
ceeds of the 50,000 shares of preferred stock and 50,000 shares of
ciass A common stock now offered.
12, 1945, totaled 87,076,000 kwh., an increase of
output of 82,806,000 kwh, for the corresponding week
161, p. 2105.
341,342
$489,747
common
Under
Lake
American Writing Paper
of
common
A
debt
>
electric properties of this company for
the
184,941
$380,596
loan/
May
the
over
1944.—v.
of
of
output
ending
week
B
annually
due to amortization of cer¬
Output of Electricity—
5.15$
Indemnity
liability
Associated Telephone Co., Ltd./—Preferred
-
beginning with Jan. 1, 1946.
Pursuant to such agreement,
on March 15,
1945, the company borrowed $3,000,000 from The New
York Trust Co., evidenced by 10 notes.
Seven of the notes mature
V..:
•
transportation properties,
of
50,456
exercise of the option.
upon
interest
book
conv.
means
a
each
$0.72
week
$874,140
110,127
:/'•'/
common
Co.
quarter of 1944 certain subsidiaries had the benefit for
of special deductions consisting of (1) redemp¬
tion
premiums, discounts and expenses from refunding outstanding
bonds and
(2) loss on sale of transportation properties.
However
amounts
approximately equivalent to the tax reduction, were appro¬
priated to reduce debt discount, premium and expense and to reduce
the
$1,098,306
85,567
(net)
$800,000 under a
3,761,258
nurposes
tax
$916,656
—
common
1,305,796
the last
tin
inc.
Unsecured
ernment.
Federal
$603,460
pany
Certificates issued by the
facilities under Necessity
tain
$604,056
270,082
aggregate amount of this stated value, $227,070, was charged to
surplus,
/:/■
^;
;
.
corresponding
the
over
Air policies of the company are issued on the participating plan and
non-assessable.
Standard
rates
are
charged and the standard
scale of brokerage commission is paid.
The company's operations, for
the present, are confined to the eastern seaboard but enlarged terri¬
;
stock and three shares of class B common stock to„
the holder of each share of existing class B common stock.
Directors
fixed the stated value of the shares so issued at $1 per share and the
V"!:/'
$0.12
429,245
37,923
cum.
class
2,455,462
comparison.
$669,061
380,210
———.
A
class
$3,761,258
$0.15
$536,446
shares of class A common stock to
>,
-
$410,539
profit-
profit
.
As
£
report that the
they are made ready.
as
192,921
taxes on
issuance
2,898,843
1,584,355
,
♦Reclassified for purposes of
149,265
125,000 shares presently reserved for conversion of 4%%
cumulative convertible preferred stock and 12,500 shares reserved for
$4,483,198
■
511,995
♦Including
585,576
4,483,198
447,172
i
$1,011,330
42o,<54
264,318
Class
271,016
1,011,330
. ;"v
——————
4%%
280,362
Ux11 adTust1,102,589.
to
announcement made on
an
active
continues
Capitalization (Adjusted to Give Effect to Present Financing)
5:2":™? 5,267157
uTwS
77,919
Since
begun
$4,526,178
3,772,855
income
Net
2,949,o39
v£S5
■■
its general
to
Mar. 3, '45
5,624,613
operating
declared
subsids.^
in
int
Mutual
Atlantic
according
1, '44
5,575,114
Class B
9,100,703
—
W? £E*«"3S?Z
N
Fed.
cr4,14b,2i4
2,180,238
amounted
5.3%,
or
Corp.
& Electric Group for the week
130,672,459 kwh., an increase of
Associated Gas
2106.
torial activity
$3,016,292 $31,275,744 $30,713,806
3,252,095 12,093,689 12,027,475
——
kwh.,
p.
completed
Oct.
3,750,364
Total income
,
$53,170
662,116
——
premium &
expense charged
offPortion of loss on sale
161,
the
1945,
Atlantic Mutual Insurance Co.—Expands Operations—
Co.
—
Other deductions
disct.,
Debt
N
Net
v
,
&
Other
6,472,901
217,187
11,
& Electric
the Associated Gas
of
output
May
6,613,037
V.
of
trustees
ended
are
,.
Owt^'etcf-
In& prem!
6,561,048
■
prop.
transp.
of
1,675,208
$8,091,041
3,413,430
inc
Weekly Output—
The
electric
has been and
J56,805,669
$6,558,732
$4,425,221
costs
admin. & sell.
expenses
6,768,197
261,354
—
on
6,517,678
1,720,051
result,
IReduct.
1,720,498
of Earnings Armstrong Rubber
—
Manufacturing
Gen.
1,704,224
^deplS^l.-^!—
a&°entr°——1
sales
Net
Subs.)
Period End Mar. 31
1945—3 Mos,—*1944
1945 12 Mos. *1944
Gross earnings
$20,038,949 $19,463,544 $79,009,445 $75,637,450
Oper
exp
&: mahit—
8;262,279 7,834,359 33,992,859 30,829,376
A
of
fiscal year ended Jan.
in the
Co.
——Years Ended Sept. 30
1942
1943
1944
(Company and
Account
Income
Consolidated
Sears,
59%
Summary
itself.
instead of by the company
Co., Inc.,
*
Roebuck and Co.
Sears,
with
a
$0 23
$0.12
amounts charged
rend"
subsidiary, Water Works
a
Oct.. 31,
expiring
Co.
The
shown above for 1944 are after deducting
subsidiary companies in the water works groups for services
r,n
thp hasis of cost
Since July 1, 1944, such services have
rendered
and
Practically all production of Armstrong Aircraft Corp.
for the account of the Government,
is
♦Expenses
to
•
sales.
net
Per share on
eluding
to
contract
Rubber
$1,484,185
1,200,000
299,802
-
Roebuck and Co. expiring May 10,
total net sales of Armstrong Tire and
31, 1945 were made to that
company, and during such period sales to the Government were ap¬
proximately 34% of total net sales.
For the fiscal year ended Jan. 31,
1942, the most recent pre-war fiscal year of such corporation, sales
to Sears, Roebuck and Co. accounted for approximately 94%
of total
1950,
851,832
dividends
Roebuck
Sears,
approximately
Under
199.039
Net income
made
were
$"IS $18SS
SSKSTb-—
^coTnk'etc.
Preferred
March 31
iMS-3 Mos.-WM l
31-
Period End. Mar.
and Sears, Roebuck and Co.
calendar
the
in
27.
Reorganization of the two companies presented, the SEC said, one
the "most complex situations" ever to come before it.
Under the
proposed plan the assets of both the AGECO and AGECORP estates
will be vested in one surviving company, the securities of which will
be distributed among holders of various classes of securities of both
companies and the general creditors of both estates.
"The plan provides," the Commission pointed
out, "that the sur¬
viving company shall obtain a five-year bank loan in the amount of
$7,500,000, which will be senior to the new debentures and will pro¬
vide part of the cash required to consummate the plan.
•
'"Management of the surviving company," the SEC's report con¬
tinued, "is to be vested in a board of directors consisting of nine
members.
The initial board of directors has been approved by the
District Court and also by this Commission."
The Commission
stated
that it found the plan "proposes a
fair
resolution of the conilicting claims
of security holders" and added
that the companies "have adequate cash and resources to insure con¬
summation of the plan according to its terms, and the proposed cor¬
porate structure and transactions to satisfy all legal requirements."
of total net sales of Lake Shore Tire and
year 1944 were made to that company,
and during such period sales to the Government and its suppliers were
approximately 48% of total net sales.
Company did not acquire an
interest in Lake Shore Tire and Rubber Co. until Jan. 25, 1944.
Im¬
mediately prior to the war, substantially all sales by such corporation
Co., Inc—Earnings
Only) Period Ended
Account (Company
Income
with
contract
a
Co.
of
of
of
approximately 52%
1953,
Rubber
including 1922.-V. 161, p. 2105,
regularly since and
made
Under
May
the
July
on
approximately 25%' of total net sales.
For the fiscal year ended
1941, the company's most recent pre-war fiscal year, sales
Roebuck and Co, accounted for approximately 64% of total
sales.
r ^
/;
'
r
""v"!
for
committees
the creditors is
obtained, the plan will be presented to Judge Leibell for confirmation
Government..
the company
contract between
a
in
protective
companies urge acceptance of the plan.
the approval of the
necessary
two-thirds
If
Sept. 30,
to Sears,
16 declared the usual quarterly dividend of
capital stock, par $100, payable July 16 to
record June 15.
Distributions at the rate of $9 per share
directors
ner
holders
Under
letters
various
material
the
expiring June 30, 1949, sales to that company for the fiscal year
ended Sept. 30, 1944 accounted for approximately 30% of total net
sales.
During the same period, sales to the Government accounted
springs.—V. 161, p. 1873 and 562.
American
The
t? 29
the
of
rubber life rafts for the
factures
predetermined dispensing
automatically maintains a
pensing equipment
Armstrong
The
mencement
& Foundry Co.—AcquisitionHerbert H. Leonard, President, on May 11 announced the acquisition
bv this comnanv of the good will
and trade-marks of the Lowerator
Manufacturing Co!! 110 Pearl St., Brooklyn. N. Y„ which manufactures
for the restaurant, hotel, institutional and industrial fields.
Its dis¬
and
which
ing
"Armstrong
Tires made by the three
exclusively In the replacement field.
Aircraft Corp., organized shortly after the com¬
war and over 99% owned by the company, manu¬
companies are sold almost
American Machine
level: through
Heatmaster,"
the company's
trade names:
"Armstrong
Streamline," and "Armstrong Air Coaster."
Plant Manager, he con¬
manufacture of synthetic
161, p. 1762.
Division and later
Fine Chemical
Director of
Monday, May 21, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
2214
between Santa
.
———"v $1,963,915 " $1,553,185
after pfd. divs—'
•
$2.50
$1.92
Net
profit
Earnings per common share
Note—Deduction
all
depreciation 'and
for
made
been
has
other
income and excess profits taxes.
Provision for
income and excess profits taxes for the 12 months ended March 31,
1945, has been made on the basis of the rates fixed by 'the applicable
revenue
acts
of
1943,
and
after deduction of postwar refundable
portion of excess profits tax of $604,206 in 1945 and $589,206 in 1944.
—V.
161,: P. 1536.
,
.
including
charges,
Associated Dry Goods Corp.—Sales Up 13.4%—
Ended—
by subsid. store companies
'"
-
Quarters
Sales
.—V.
Apr. 28, *45 Apr. 29,'44
$25,830,912 $22,770,723
reported
161, p."763.
;;;
/
-
Associated Electric Co.—Extension Granted—
The
\
extended until July 15, 1945, the _time in which thp
consummate the proposed sale of its entire interest in
Co.—V. 161, p. 1419 and 1537.
< ; / / V/
has
SEC
may
company
Bake Shore Gas
stock
($50 par)
stock
(no par).
and 50,000 shares.of Class A common
The preferred stock was priced at $51
share and accrued dividends, and the Class A com¬
at $17 per share.
per
mon
The
4%%
cumulative
April,
class
A
of
stock
on
preferred
stock is entitled to
per annum/payable quarterly January,
Convertible, per share, into 2.5 shares of
convertible
4%%
October.
and
A common
or
stock thereafter and
common
class
cumulative
dividends
July
common
stock
before June
on
or
thereafter.
1,
before June 1, 1955,
Redeemable
in
or
in
part on
share1 thereafter, plus accrued dividends.
On voluntary liquidation
the redemption price then in effect, and on involuntary
$50 per share, plus accrued dividends.
Entitled to the
receive
liquidation
benefit of
The
to
a
class
equal
entitled
purchase fund.
A
common
stock
and
class
B
common
stock
no
are
per share, except that the class A common
voting rights other than as required by law.
rights
to
District
entitled
stock
is
Leibell
Judge
Associated
&
Gas
series B, 3 Vi%
Electric
Co.,
and
Denis J.
Driscoll. and
Willard
L.
•
stk.
nfd.
Cum.
series,
Future
In
the
May,
and
Associated
Gas
&
Electric
Corp.
"fair,
equitable
$20)—
the
articles
number
percentage
each
has
the
to
%
.a
"
%
benefits
from
of
company
Rubber
Business—Company
and
two
companies
in
which
the
iowns 50%. or more of the voting stock, Armstrong Tire'and
Co.
and
Lake
Shore Tire
and
Rubber
Co.,
are
engaged
prin¬
cipally in the manufacture and sale of pneumatic tires and- tubes for
passenger automobiles and trucks.
The three companies, in the aggre¬
gate, have constituted in recent years a major source of supply of
tires
for Sears, Roebuck and
Co.
A substantial proportion of the
tires manufactured by the company are sold by it to the trade under
Leibell
Court
In
the
the
of
Paine; Webber,
prompt
of
Southern
District of New York, and
Appeals recently affirmed the
accordance
SEC's
with
the
requirements
lower court's
of
report to participating creditors
all stockholders
the
the
Second Circuit
Company
Act,
is being circulated among
along with Judge Leibell's ruling, the trustees' solicit¬
298,854 shs.
were
common
cumulative
preferred stock,
Tully
&
$1.25
Dean
J
Witter
&
Weeden
Merrill
&
2.75
2.75
9.75
9.50
Brush. Sloeumb & Co.^
Laurence M. Marks & Co._
2,25i
2.0O>
9,50
The Wisconsin Cq,I_—„
2.00
Hill, Richards & Co._—)
2.00
Wagenseller & Durst, Inc..
Lester & Co.—"—
Davis. Skaggs & Co..
2.00
5.00
i
——
Edward D. Jcnes & Co
Shields
and
9,50
_/
Lynch, Pierce,
Fenner
&
_
3.75
3.25
Co.—
2,75
'
Schwabacher & Co
Bateman,
—
& Beane..
Co._.
Eichler &
Purchased
Pacific Co. of California—
Inc,
Co
which
% to Bs
9.50
Co
Co.^
Webster
&
Blodget,
and of unexchanged stock
follows.
William R. Staats Co
17.75
Blyth & Co., Inc
Stone
'
as
Purchased
—
Mitchum,
stock
are
Jackson &
Curtis
\
decision.
Holding
.
to Be
.
History, and
incorporation
shares of
of
additional
purchase
of
agreed
reaching these
mind
10,300,000
280,312 shs.
to
the
and
conclusions," the Commission stated, "we kept
to be derived by each class of participating
termination and settlement of difficult,
expensive and protracted litigation."
The
report cautioned every security holder to use- "his individual
judgment" in casting his ballot on July 23, when a ycte on it will be
taken.
*
" .*
*
The plan far reorganization of the two public utility holding com¬
panies. was proposed by the trustees of the estates of both -companies.
It was approved by the Commission and by Federal Judge Vincent L.
"In
creditors
Outstanding
$1,368,000
Unlimited
280,312 shs.
119,688 shs.
400,000 shs.
are
feasible."
in
—_
financing)
238,000, and to prohibit the reissuance of any such shares
acquired by the company, and (3)
to authorize 400,OCO
shares of cumulative preferred stock (par $20).
v . l v:
Underwriters—The names of the several principal underwriters and
involved, the SEC
Associated Gas &
stockholders of the companies
the reorganization plan of
termed
10
Co.
series
any
(par
1945,
authorized
which
Approval to Proposals—
to
report
a
May
Electric
4!/2%
par),
—
present
Authorized
Unlimited
amended (1) to
stock from 300,000
shares (no par) to 400,000 shares (par $20), and also to change all
of the 240.000 no par value shares of common stock then outstanding
into 298,854 shares of the new common stock (par $20), (2) to reduce
In
series,
on
(after
change the authorized number of shares ox
oi
SEC Gives
1969
,
1974———
($20
if
stock
Common
of
Stanley -Clarke,. trustee
authorized
3%%/,
C.
Series
v
has
Stock
v
Associated Gas & Electric Corp., to submit their
plan of reorganization, which has been approved by the SEC and the
-courts, to security holders and other creditors for their acceptance or
rejection.
Judge Leibell fixed the final date for receiving ballots as
July, 23.,.
'
/
-■
-/
trustees
Thorp,
and 2 shares of
whole
days' notice at $55 per share on or before June 1, 1950, at $52.50
per shard thereafter
and on or before June 1, 1955, and at $51.50
to
'i
1950, 2.22 shares of class A
30
per
Security Holders—
to
Capital
%
Associated Gas & Electric Co.—Plan to Be Submitted
offered
50,000 shares of 4%% cumulative convertible preferred
and
Debt
First mtge. bonds,
Armstrong Rubber Co.—Common and Preferred Stocks
Offered—F. Eberstadt & Co. on May 15 publicly
Funded
•
,
,
1.50
1.25
1.25
100.00
tt_I
wt.
ici
yolume 161
tttts
Number 4387
Summary
Period-
resultant
Earnings for Stated Periods
of
nnnrifrmnt a
Total
oper.
$6,706,397
Emil
1,239,469
1,156,608
Clutch
324,386
429,939
390,089
illness.
564,692
547,019
485,931
498,400
Federal
1942
income
410,897
4
,241,011
206,981
155,282
1,295,781
1,267,211
1,204,262
.
1,299,679
taxes
454,229
,.,482.455
242,223
amortization
been
He
68
was
&
well
as
duction
Federal
to
Crl36,300
Cr83,500
853,822
813,280
769,089
$1,665,924
$1,148,965
Dr3,221
$1,114,663
the
Warner
Dr4,463
Drll,836
457,471
471,518
437,663
_____
$728,613
__
hand
$722,861
$708,081
$667,316
new
week
i945
(incl.
expenses
Miscellaneous
It
changed
1,364,644
61,286
was
for
of
income..
income
Interest
Net
$607,523
161,
and
Balance surplus
$572,042
34,024
$574,513
$614,162
235,331
227,685
13,397
23,405
$325,785
;
Gross
operating
Costs,
operating
and
taxes
wartime
and
and
60,468,464
54,524,522
Depreciation,
4,544,211
617,935
reserves
948,967
715,375
retirements
abandonments
&
other
amortization
3,519,222
2,539,068
$2,716,290
$4,138,867
&
income
Interest
Net
interest
before
charges—
$2,971,803
$4,421,663
265,201
262,987
charges
income
Income
for
period
applicable
Dividends
to
Earned per share
'•■Including
___:
minority
$4,158,676
296
321
interests—
148,000
148,000
$2,558,306
$0.96
$4,010,355
—
stock—,
common
of common
stock
income
Federal
2106.
$2,706,602
—
stock
applicable to
—V. 161, p.
;
preferred
on
Balance
Diesel
of
engines,
The
5%
30
June
and
of
on
1.
on
tax,
$706,700;
1945,
$1.51
1944,
$2,627,200.
Canadian
a
water
has
been
hydraulic
announced
wholly-owned
subsidiary,
Ltd., will
which has four
presses,
tools
power
by Ralp Kelly,
Toronto.—V.
161,
known
subcontract
plants
in
its
President
Dec.
W.
1942
*$735,211
$1.10
to
the
United
and
Canada
eastern
Baltimore & Ohio RR.—Seeks Bids
Works
Steel
Co.,
headquarters in
Equip. Issue—
on
The - company has issued a request for bids on proposed issue of
254,680,000 equipment trust certificates, series O, to be issued under a
proposed agreement and lease of
railroad equipment (Philadelphia
Plan), dated June 1, 1945, subject to the approval of the Interstate
Commerce Commission.
The
invitations
ibidders.
The
Bids
must
be
been
have
sent
to
certificates
$312,000 each,
year thereafter,
will
June
on
mature
1,
received
a
list
in
15
by
of
to and including June 1,
May 24.
noon
100
prospective
annual
instalments
over
equal
and the first
1946,
day of June
1960.—V.
John
C.
has
Williams
been
elected
in
each
161, p, 1874*
President.
He
had
been
slack
acting
.
1945
$2,939,446
depreciation——___________—
Provision
for
taxes
(est.)
________
Bendix
L.
16,411
241,547
to
$0.49
is
pany
relieved
Budd
stock
associated
member
161,
of
its
with
the
Executive
$0.37
of
stockholders
splitting
of
two
on
par
par
shares
1944,
common
the
stock
value.—V.
161,
for some
Committee,
has
time
since
been
a
elected
division,
also
disclosed
the
26
will
present
for
161,
each
share
60,000
p.
on
a
proposal
to
increase
held.
.
2106.
250,000th
vacuum
pump
manufactured
1941, has been completed by the corporation's Detroit
is announced by Howard E. Blood, President, who
that during output
of the first quarter-million such
has effected
a
30%
production cost reduction and
The Commercial and Financial Chronicle (Reg.
Dana Seibert
President- William D
William
135
we
—V.
work after the
war."-—
is
cities
a
and
Co.—Stock Offered—A bank¬
incorp. in California on Dec. 21, 1926.
public utility water company serving water in or to
communities and adjacent territory, all in the State
The estimated population of the'area served is 448,365.
I LaTalle
St
•Chliaso
3
HI
Weeks
under
Indentures
"The
additional
bonds
regulation
and
may
&
which
be issued
_
Income Statement
_
income
Int.
;
Prev.
Prov.
for
:
240,000 shs.
'
None y'\v
116,568 shs.
Bond
/
$2,871,037
7,798
$3,405,720
1,716,907
$3,069,271
$2,878,835
(net)
debt
"
1,517,207
1,463,240
disct.
323,598
475,280
338,886
475,280
473,357
429
878
Cr594
34,551
34,551
income
tax_
$899,683
312,374
'
464,995
•
813
34,727
35,580
$832,228
$720,976
inc.
tax_
194,000
264,130
216,766
"23,270
—
"80,000
—
portion
com
5.000
&
2 000
10^034
—
(& Subs.)—Earnings—
1945
T
__________
1944
$2,998,160
2,691,870
$499,503
$306,290
26,028
10,055
$316,345
138.191
on
income—
Balance
to
at
' '
L__
profit
surplus
140,541
■■
.
'
.
21,633
39,583
$113,689
of bonds
$31,789
$71,371
(net)
—
76,630
148,002
$37,059
Surplus at end of period—
161,
' '
■
$92,056
beginning of period
"Deficit.—V.
144,014
295,283
V
*$76,630
563.
p.
Canadian Celanese, Ltd.—Extra Distribution—
share
directors
and
May 14 declared
on
extra dividend
an
of 25
cents
per
the regular quarterly
dividend o.t 25 cents per share on tho
value, both payable June 30 to holders of record
June 20.
Like amounts were disbursed on March 31, last, and in each
quarter during 1944 and 1943.
common
stock,
par
no
June
to
30
preferred
holders
stock,
of
June
participating dividend of 57 cents
last.—V.
\V'"
161,
$100,
par
record
20.
were
share
the 7% cumulative
declared, payable
of $1.75 and >\
regular
paid on this issue
,
Canadian Pacific Ry.—Traffic
Week Ended May 7—
'•
—V,
;
,
>'
,J
.
•
Earnings—
'.
1945
1944
$5,995,000
earnings
Week Ended April 21—
Traffic
March 31,
on
980.
p.
•
Traffic
on
also
was
The
$5,773,009
1945
1944
$8,713,000
earnings
$7,778,009
161, p. 1992.
Capital Transit Co.—Definitive Bonds Readyare
D.
ref. mtge. 4% bonds, series A, due Dec. 1, 1964,
for exchange for the presently outstanding tern*
the Union Trust Co., 15th and H Sts., Washington,
the Central Hanover Bank & Trust Co., 70 Broadway,
&
bonds at
C.,
New
1st
available
now
porary
at
or
York,
Y.—V.
N.
161,
1765.
p.
V:
.v
V
Central Investment Corp.—-Earnings1944
Years Ended Dec. 31—
Rentals————
Income:
1943
1942
$1,827,868
$1,672,421
$929,53-1
'26,801
51,332
15,434
192,049
197,768
207,123
21,598
10,855
1,252
—;
$2,068,315
$1,932,375
$1,153,343
'
304,131
322,703
255,926
of
property additions made
lessee————--.—
rata
Pro
of
taxes
and
insurance
company's property, paid by
.—______
_____
Miscellaneous
Expense
—
110,041
taxes
Deprec.
and
on
amort.
income
—___________
130.156
320,025
193,59 >
311,118
$413,418
income
655,173
333,695
_'
Federal
119,432
907,028
Interest
$515,042
$262,553
Sheet, Dec. 31, 1944
in banks, $43,877; accounts receivable,
(at cost, plus accrued interest), $947,736;
(at cost, plus accrued interest), $654,352;
cash surrender value of life insurance policies, $94,901; Biltmore Hotel
property (after reserve for depreciation, $5,613,322), $7,578,495; de¬
ferred charges, $181,364; total, $9,663,887.
Assets—Cash
hand
on
and
$163,163; Treasury tax notes
other U. S. Govt, obligations
Liabilities—Federal income taxes,
dividends
$145,240;
payable,
$907,882; property and 'other taxes,
accounts
$73,204;
payable,
$4,454;
$504,683
—
208,502
—
233,136
■
f
stk.
$63,045
$2.54
noto
Connecticut Mutual Life Insurance Co.,
$2,^00,000; de¬
ferred rental income, $43,657; stated capital (58,563 shares), $5,775,300;
to
capital stock assessments,
887.—V. 160, p. 1732.
;:v
•;■
'
$234,252;
;■
surplus,
$79,897;
I
total,
»•
after
Agent
j
Registrar—
and
$9,663,-
-
Central New York Power Corp.—New Transfer
the
opening of business
$568,098
$504,210
$498,563
208,502
233,136
208,501
208,500
201,080
250,038
Trust
$126,460
$94,629
$40,025
$3.08
$2.54
$2.49
today
(May 21,
1945),
tho
Agent for the preferred stock, 5%
Bankers Trust Co.,
Co.,
stock.
70
16 Wall St., New York, N. Y., will act;as Transfer
Broadway,
Effective
as
New
at
series, and Central Hanover Bank
York, N. Y., will act as Registrar fox*
the
close
of
business
on
May
19,
tho
corporation ceased to maintain an office for the transfer of the 5%
preferred stock in Buffalo, N. Y., and at that time the appointment
of Wilfred R. Berkinshaw, Agnes J. Feenstra and William C. Bingham
as agents
for the transfer of such preferred stock in Buffalo, N. Y.,
U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher,
Riess
Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday].
Other
0613V 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company. Reentered
(Tele^ne
Sta4
as second-class matter February 25
1942, sit 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;
Canada, $27 50 per year; South and Central America. Spain. Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia. Australia and Africa,
NOTE: On acoount of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
•
3,500
2,000
Inc.
Co.__!
Loeb & Co
Kuhn,
resulting from purchase
Deficit
and
f
201,000
loss from disposal of Redding property ($204,240) less
thereof charged to surplus.
Said loss resulted in a re-
"Represents
Blodget,
Sutro
7,500
1
operating
Credit
said
the
R.
excess
dividends
of
5,000
income
'
$578,563
7,000
dividends
share
1,000
1,000
Co.______
Staats Co.r___
interest paid—
payable
_—
Balance
Per
2,000
Federal and State taxes
From
Common
Co.—_
Hopwood
&
William
Balance
11,432
int.
income
2,000
Stein Bros. & Boyce__
Stone & Webster and
1,000
1941
$3,057,839
Debt—
tax"
2,000
$525,531
' '
Net
1942
12,089
354,388
Fed.
Northwest
Piper, Jaffray &
5,000
for Calendar Years
$3,393,641
1,896,995
Fed
for
profits
2,500
1,000
1,000
_____
Total
1913
deducts.
bef.
5,000
2,500
—
Co,____
6,000
.
20,560 shs.
12,861
—
expen se"
Miscel.
Bal.
of
Pacific
Sch7/abacher
profit-——
net
lessee
118,440 shs.
•
$3,648,465
___
Funded
on
—
;
expenses
2,000
Corp.__
Mitchum, Tully & On
Pacific Co. of Calif._____
Profit
.
>3,661,226
revenue—
Depreciation
Co
Bcston
First
——$4,139,377
oper. and gen. exps., incl. deprec
3,639,874
Costs
$11,882,000
*
118,440shs.
80,000 shs.
these bonds were issued provide that
In unlimited amounts, subject to legal
1944
Operating
.„
2,500
Co._
the
161, p. 2106.-
by
Outstanding
the restrictive provisions of the Indentures.
Summary of
5,000
Davis & Co
on
$25)—_________—
(par
&
Glore, Forgah & Co
Hallgarten & Co
Kaiser & Co.
8,000
Co.—
&
Cost
Debt and Capital Stock
(par41,560 shs.
stock
Estabrook
The
Co
Definitive
Authorized
'
number
from
..Revenues
proceeds from the sale will go
4% bonds, series "B," due
May 1, 1961—-——i
6% cum. pfd. stock, series "A" (par $25)
6% cum. pfd. stock, series "B" (par $25)
Cum. pfd. stk., series "C,"
"D" and "E"
.
maximum
purchase
8,000
Co.,
California Consumers Corp.
mtge.
Common
to
was
Funded
1st
basic
thus
The usual quarterly dividend of $1.75 per
Agents—American Trust Co., San Francisco, Calif., and
Kuhn, Loeb & Co., New York, N. Y.
Registrar—Bank of America
National
Trust
&
Savings
Association, San Francisco, Calif., and
Guaranty Trust Co. of New York.
California.
the
and
Twelve Months Ended March 31—
that over half of its
to this extent the com¬
Transfer
Net
aircraft
&
&
:J
-
had outstanding 701,497 shares of
shares of 4 V»% preferred stock of
company
and
vote
1,000,000 shares to 2,500,000 shares,
outstanding common stock on the
it
pumps the company
officii
pro¬
ing group headed by Kuhn, Loeb & Co. and Union Se¬
curities Corp. on May 14 publicly offered 116,568 shares
($25 par) common stock at $39 per share.
Other prin¬
cipal members of the group are Harris, Hall & Co.
(Inc.); Harriman Ripley & Co., Inc.; W. C. Langley &
Co.; and Hornblower & Weeks. The shares offered repre¬
sent all the outstanding common stock of the company
which were acquired from General Water Gas & Elec¬
Company
the
dealera
Shares
10,034
Inc.__
Davis, Skaggs & Co
Ehvorthy & Co
f
tric Co., and none of the
to the water company.
statement,
8,000
Slocumb &
The
of
7 46
registration
has agreed
follows:
as
Corp
& Co.,
Ripley &
Collins
Net
the Budd Wheel Co. of 100%
Inc., and added that while this
in war work, "we are planning
line
14.93
/ 29.85
were
each
are
2,000
Paul H.
-
its proposed
"that
the
of
subunderwriters
which
4,000
ridge
manufacture
problem."
Heating,
California
and
Split-Up Proposed—
November,
gear
of
several
thereof
participating
Operating
as
Borg-Warner Corp.—Vacuum Pump Output—Obituary
of
lines
said.
17.91
meeting
acquisition by
'
1992.
p.
Preferred
Production
conversion
to
induction
Budd
Miscelaneous
June
the
up
new
31,
a
company was still engaged entirely
for a vigorous development of this
V.
Total
Elected—
company
1651.
p.
the authorized common stock from
Dec.
of
referred
Non-operat. income
Bond Stores, Inc.—Stock
on
expected," Mr. Budd continued,
company : is
particularly .fortunate in
current sales consists of rail equipment, and
Amortiz.
The
be
241,547
—
Helicopter, Inc.—President
President.—V.
is
$91,206
-
Barnes,
and
231,000
——
Earnings, per ' share_„___—
Claire
58,421
$118,374
Shares of capital stock outstanding
Director
397,038
292,000
_
—_______——
160, p. 2067.
$2,710,392
64.116
contingencies——————
income
'* •:
474,489
depreciation
Provision for Federal
•./
1944
'
for
annual
has
elected
been
Co.—Earnings-*
billed
before
start
"A
largely due to new
introduced, Mr. Budd
date
stockholders
selling
C.
•
Quarter Ending March 31—
sales
has
company
be
"The
30
Belden Manufacturing
Provision
held
the
Langley & Co
(Other
shall receive
cancellations and cutbacks in various lines of work which will permit
a gradual
and partial resumption of normal manufacture."
He added:
of
Levinson, Director and Treasurer, ha? also
Secretary of the corporation.—V. 1-59, p. 2411.
Income
recently
29.85
17,398'
that on
already been made in production of agri¬
equipment which will provide a means of taking up such
may occur
by reason of cutbacks in Government orders."
as
"It
1943, when Lieut. Col. Rich-
•
the
at
company said it was net prepared to amplify
duction of agricultural equipment at this time.
the Army.
Mr. Williams served as merchandise
Vice-President and Secretary before assuming the acting
Presidency.
Horace C.
will
Company—Company
Weil, Jr., entered
•executive,
work
added r
cultural
(L.) Bamberger & Co.—New President, Etc.—
Bead of the department store since March,
President,
re-
them,
% of Class
.
20,877
;_
_
effective
___
Julien
six months
The
the
1650.
p.
Budd,
the
of
34,797
Hall
Brush,
Interest—\
President,
Coburn,
G.
and
each
34,797
Bosworth, Chanute, Lough-
-
for
by F.
by
No. of Shares
.
Boettcher
$1.03
17
owned
__
Allyn & Co., Inc.___
Bateman, Eichler & Co
$688,113
$1.16
May
stockholders,
stock
8,699
the
Securities
C.
A,
■\
:'
*$773,015
to
the
Hornblower
1943
$1.33
on
selling
common
Weeks
stockholders,
Union
post-war
the
of
Shares
29.—
and
of
Baldwin Locomotive
as
orders
G.
peacetime
which
subsidiary to market such Baldwin prod¬
wheels,
of
shares
selling
Subsidiaries)
v:H"".
credit
a
shares
included,
wnereby
such
agreed to purchase from the selling stockholders, on
the
demand, of their representatives, up to specified basic -maximum
amounts of the 116,568 shares of common stock of the
company.
The
Inc.
Canadian
the
of
names
of
Corporation'
&
whom
names
$1.25
1944'
cumulative bonds for the
that
Mr.
Canada,
••$100
record
of
June
on
com¬
1945,
subunderwriters
production of the company's plants will greatly
exceed pre-war volume.
This increase in annual sales with restoration
^parent company.
$1
holders
cents
29,
selling stockholders entered into agreement with certain
among
the capi¬
Payments in
share
per
C.
several
1 this company, manufacturer of
pulp, paper and allied products,!'
make "the semi-annual payment of interest on its general mort¬
stated
,
turbines,
as
At
$1
March
1945, the several firms and corporations listed
"Underwriters" purchased the stock for an aggre¬
$3,870,058 in cash.
Ripley & Co., Inc
Langley & Co.__—
Gross
Baldwin Locomotive Works—Forms Canadian Sub.—
Formation
and
of
by
1
Securites
Subsequent
Budd Wheel Co.—Post-War Expansion—
of
toasis
dividend
f$885,981
announced
was
He
;—V.
and
Trinidad
Pay $1 Dividend—
a
1945
282,796
_
Net
to
29
75
share—_
per
Edward
of
-
America,
ending May 31.
Checks
will be mailed on June 1 to registered owners at the close of business
May 31.—V. 161, p. 666.
/: ■':
984,131
operating 'Income—„jr-ii————
Don-operating income, net——
:
South
owned
were
from
all
comprising 100%
of the out¬
General Water Gas & Electric
stock
common
1943, as the
prior years.
year
carry-over
Securities—Until
Kuhn, Loeb & Co._
750.000
_
Net
Net
in
for
necessary
29,
numbers
Hornblower
post-war refund of excess profits taxes
amounting to $100,757,
lOn 667,251 shares of common stock.
tExcess
profits taxes for the quarter ended March 31, 1945, amounted to
$1,644,097 and 1944, $1,422,620.—V. 161, p. 763.
509,419
1,431,020
postwar contingencies
miscellaneous
Intangible development
costs
Depletion, lease- amortization
as
June
—
"Including
gage
2,684,420
for
Insurance
.ard
W.
Borg-Warner divisions.
are
credit
Harriman
a
.
Reserve
•of
number
(Including Domestic and
■
tEarnings
will
$68,705,593
"Taxes
.
declared
inc. after chgs. and
1944
$72,386,318
expenses.
than
recently by Borg-Warner International.
headquarters at Sao Paulo, Brazil, and a
where export shipments will be consoli¬
Quars. End. Mar. 31—
June
'v-1945
general
less
in
$363,072
Earnings—
(& Subs.)
income
Dtd.,
the
provision
follows:
as
are
876.
p.
,
It
«f
announced
Brown Co., Berlin, N. H.—To Pay June 1
Atlantic Refining Co.
spective
Bristol-Myers Co.—Earnings—
$580,138
2,471
_
_______
3 Months Ended March 31—
?
Harris,
161, p. 1874.
ucts
Ind.,
follows:
as
of
heading
Harriman
48,065
expense..
Gross profit—______________
Provision for income and excess profits taxes—
Provision for contingencies—
—V.
payable
were
$628,202
35,481
_______—
—
second
distribution
Auburn,
directors have
stock,
1944
76,295
52,526
operating profit—.—
profit (.net)
:
of
Boston Wharf Co.—To
The
tal
Net
Other
the
the
Cunningham,
$551,907
taxes—
income
L.
J.
161, p. 2106.
60,013
$554,996
by
in
payable for the
Equity
stock
Underwriters—The
■
Borg-
announced
offices
at
V.
Operating
is
Nine
system
Rico
provides
1944
1,256,732
announced
by
by J. L. Cunningham, General Manager, and increases to 17 the
whose goods are supplied overseas distributors of
Borg-
A
$1,976,564
depreciation)
is
abroad
shares
March
the
of
,
dated.—V.
$1,873,015
it
marketed
$64,000
was
profits
excess
Holders
common
On
under
tools, and AP Parts Corp., Toledo, Ohio,
tail pipes, have been added
are
an
tax
gate consideration of
manufacturers
Atlantic Gulf & West Indies Steamship Lines (& Subs.)
revenues
gear and
applications,
Union
representation
warehouse
Three Months Ended March 31—
of
industrial
and
profits
116,568
Co.
manufacturers
mufflers and
Corp.,
had
the
Minn.,
approximately
Principal
standing
automotive
products
of
income tax.
excess
pany
General Manager.
435,511
2106. "
for
whose
Warner International.
467,082
467,082
Owatonna,
International
Puerto
Gross
He
,
automobile
organizations
The
(net)—
Co.,
manufacturers of
835,000
_
161, p.
Other
old.
years
maintenance
as
310,000
deductions—
Operating
Operating
Government*
said
equipment
415,000
858,761
Net income
Tool
1,500,000
Crl50,000
$1,655,601
Dr2,435
income—
income
Owatonna
bearing pulling
378,000
taxes
discount
>
the
to
on
C.
Traner,
Supervisory Board
Chairman
of
the
Rockford
Division, died at Rockford, 111., on May 7, after an extended
1,363,000
Special amortiz. of bond
V.
passed
2215
tNo
377,000
refund
oper.
Interest
<<itttsav*ttmw
possible through improved quantity manufacturing
made
1,407,100
Crl40,710
profits tax_
excess
Miscell.
at..
Expands Overseas Service—
expenses— J
&
Net
»t/it
444,007
1943
&
_.
,
Deprec.
Other
a
'
salaries
expenses
Other oper.
Post-war
$7,811,005
1,414,997
332,512
__
office
Fed.
$8,430,G95
1,420,896
_______
Commercial
Gen.
58,516,159
_
_
_____
have
_nr*T
& FINANCIAL CHRONICLE
techniques.
1944
revenues
Maintenance
savings
this had been
-Years Ended Dec. 31-
12 Mos. End.
Feb. 28, '45
Traffic
n
t
THE COMMERCIAL
in Dominion of
$31.00 per year.
.»>■
x
-
John G. Benack, as agents for the
York City was terminated and the
Transfer Agent's office at 15 Broad St., New York, N, Y., was closed.
The appointment of Bankers Trust Co., New York, N. Y., as Regis¬
trar for said stock,
and the Manufacturers & Traders Trust Co. of
Buffalo, N. Y., as Co-Registrar thereof also terminated at the same
of
and
in
stock
said
of
and
Morrell
H.
James
transfer
New
company's needs for cash to expand its coal carrying opera¬
1
■' "J'! 1
D. W. Buchanan, President of the Old Ben Coal Corp. of Chicago,
has been elected a director, succeeding Chester L. Jones, of New York,
the
of
tions."-.
Co.—Earnings-
Central Maine Power
Operating
Operating
security
Social
$1,395,038 $16,858,473 $16,934,618
7,745,462
7,246,367
568,469
1,268,082
1,252,798
105,624
85,068
93,037
7,143
$1,231,712
revenues
491,415
106,511
expenses
munic. taxes_
&
State
1945—12 Mos.—1944
1945—Month—1944
period End. April 30—
5,539
taxes—
Fed. taxes (except
Oth.
income)
25,332
:
330,844
20,3x8
26,147
—
*—
317,317
160,256
,v
161, p. 1993.
Lease
RR.
Net
—
2,785
—
$604,885
$675,407
174,849
176,798
Deductions
Accel,
inc.
&
288,898
101,620
149,604
1,138,013
$274,742
$3,156,795
111,820
111,820
1,341,836
1,341,835
—V.
161. P.
1945 were
civilian
.
operating
Power
and
(Corporation
Statement Quarter Ended March
of
Cost
$
'
♦Sales of war materials &
civilian
products
income
1943
'
.
"
"
'
.
:
♦Earns,
shares
excess
Provision
for
&
of $30,000 in 1945,
provision for Federal income tax
$25,000 in 1944 and $16,000 in 1943.
y;.;
and
(banks), $40,000; accounts payable, $1,723,214; notes payable banks, due 1946-1949, $320,000; reserve for con¬
tingencies, $25,000; common stock (100,000 shares, no par), $2,000,000;
capital surplus, $892,810; earned surplus, $52,687; total, $5,053,711.—
V.
161,
1766.
p.
—V.
J.
A.
of
Dividends
income
Expenses
Federal
for
$5,875
—
$4,645
surp.
cur.
stock
.
3,567
.
1942
Net
;7777 77/;7;7
dends
no
on
par),
per
com.
31, 1945
Sheet, March
y
7 .y"
approved for the years 1942 and 1943.
Balance
Sheet
•Cash
$9,112;
taxes,
for
reserve
one
f
.
B.
Kaiser,
of
President,
funds
that
announced
hand
on
the
for
the
above
1965.
■
recelv.
wholly
w
'
has
company
1944
1943
$229,825
1945
$118,942
—
and
in
and
a
160,
fees
on
1945,
$184,363
466;
S.
post-war
able,
bonds,
$205,068
profits
2,335,958
2,338,520
4,057,182
232,042
801,000
48,430,625
deferred
$1,398,541;
Liabilities—Common
accounts
(after
notes
of
Accounts
./
,
payable
and
v
V
.
payrolls,
Accrued
interest,
insurance
contracts
Federal taxes
for
income
on
v -
78,746,827.112,351,542
*
-
630,747..
Accounts with subsidiares—
and
(estimated)
-
2,174,361
86,743,775
57,726,399
materials
war
649,982
2,228,992
74,180,572
taxes—
53,835,911
Reserves:
5,938,382
commitments
on
plant
and
reestab.
and
general
of automobile
business
liability
I
(par $5)
.
——
40,000,000
2,191,602
2,027,865
3,333,203
3,333,203
21,755,660
21,755,660
25,958,106 25,958,106
156,842,957 152,012,070
41,000,000
to
tlncluding billings for costs and fees on cost-plus-fixed-fee
contracts, after reserves of $99,412 at March 31, 1945.
lAfter reserves
of
$6,198,707
March
total,
$3,247,267;
in
of
31, 1945.
including estimated post-war re¬
excess
profits tax, after reserves of $192,209 at
IIAfter reserves for depreciation, etc,, of $49,945,054
$52,679,946 in 1944.—V. 161, p. 1766.
at
March
Federal
31,
1945
1945.
and
on
a
Cleveland
Trust Co., Halsey, Stuart & Co., Inc., and associates, Cen¬
Hanover Bank & Trust Co., Central National Bank of Cleveland
associates, Harris Hall & Co. (Inc.) and associates, and National
City Bank of Cleveland and associates.
tral
and
The
certificates
will
be
dated
May
15,
1945, and will mature in
payable May 15 of each
ten equal annual instalments of $250,000 each,
year
starting in
They
are
all-steel
box
issued
bid of 100.209, an
company of approximately 1.585%,
•
;
Philadelphia National Bank and associates,
1946.
Issued under the Philadelphia plan.
be issued to finance in part the purchase of 990 50-ton
cars, to cost approximately $3,256,476.—V. 161, p. 1876.-
to
RFC
advanced
together
tificates
The
with
to
the
$231,000
company
of
the
a
total
of
company's
$10,849,500,
10-year 4%
acquired
by RFC from PWA, has been sold
total premium received by RFC was
$285,015.
or
all of
which,
trustees
cer¬
retired.
No Common Dividends in 1945—New Director—
*
.Roily
On
Stover,
May 11 that
President,
no
told
common
stockholders
dividends
!
would
at
be
their
annual
paid in
meeting
1945 because
has
until
May
5,
granted
May
5.
the
company
deprecia¬
depletion,
expenses,
*
■
-
<
;
Dividend—
on May
15 declared a dividend of 50 cents per share
100,000 shares of outstanding common stock, payable June 1 to
and Dec. 8, $1.50.—V. 161, p. 1993.
Colonial Airlines,
Announcement
the
month
increase
the
of
Inc.—April Traffic Increased—
of
made
was
April,
8V2%
1945,
which
5,938
month and
preceding
period for 1944.
same
and
the results of operations for
passengers were carried, an
an increase of 72%
of
9
May
on
in
the
over
I
■;
v.
similarly increased.
These figures
Colonial Airlines, Inc., from the
U. S. Government and it is anticipated that operating results in the
balance of 1945
will show very substantial increases over the corre¬
sponding period of last year in which less equipment was available
for operations, the company said.—V. 160, p. 1732.
reflect
express
the
return
figures
of
were
equipment
to
Colonial Stores,
Inc.—April Sales Declined—
161,
1945—47 Wks.—1944
1945—4 Wks.—1944
Sales——_____
$7,356,903 $29,979,015 $30,784,776
$6,877,585
1767.
p.
Colorado Milling
& Elevator Co.—Earnings-
Earnings for Nine Months Ended Feb. 28, 1945
Consolidated
net
profit
Consolidated
net
income—
—V.
$724,324
Columbia Gas & Electric Corp.
Hearings—
for
to
permission
bonds, and
sell
of Jan.
of
standing,
—
Stock Offered
—
An underwriting
31.
1945,
common
and
all
Bankers Securities owned
beneficially 1,046,075
stock, or approximately 86%
of the total out¬
of the 400,000 shares of the outstanding class A
stock.
or
Stores
a
Co.
is
substantial
a
holding
majority
company
of
the
owning directly or indirectly
of corporations engaged
stocks
primarily in the operation of six department stores.
The stores oper¬
ated by the subsidiaries of the company are located in Philadelphia,
and Boston.
Exclusive of the store located
in Boston,
the combined net sales
amounted
to
approximately $75,300,000 for the fiscal year
ended
■Jan.
31, 1945, as compared with approximately $67,900,000 for the
fiscal year ended Jan. 31, 1944.
The sales of the Boston store, sub¬
stantially all of the assets of which were acquired -in December of 1944,
New
and mortgage
collateral trust
3%
$110,000,000
that the company use proceeds of the sale to retire its
(4)
outtsanding.—-V. 161, p. 1994.
Commercial Controls
Corp.—Acquisition—
President,
_
May 15 announced the purchase by
company of the trademark, patents, assets and inventory of the
Clark Endorsograph Co., of Philadelphia, Pa.
All operations for the
manufacture and distribution of its product, the Endorsograph auto¬
Chas. R. Ogsbury,
on
this
matic check
endorsing machine, will be transferred to the Commercial
plant in Rochester, N. Y., effective June 1, 1945.—V. 160,
v,:;:
'.iV,
'
company's
1524.
Commonwealth Edison Co.—Weekly
Orleans,
Memphis,
Output—
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities for the week ended May 12
showed
a
1.3%
increase
over
the
corresponding period last year.
the past four weeks
Following are the kilowatthour output totals of
and percentage comparisons with last year:
184,756,000
185,032,000
184,458,000
189,212,000
187,126,000
5__
192,728,000
April 28
193,916,000
——
April 21.
% Change
1944
1945
Week Ended—
May
192,606,000
Consolidated
had
Co.; Paine, Webber, Jackson & Curtis; Shields
Co.; and Stein Bros. & Boyce.
City
SEC Adjourns Its
—
'
The SEC has adjourned to June 5 its hearhigs on the plan for
Integration of the corporation.
At the hearing. May 16, counsel for a group of common-stockholders
recommended
(1)
refinancing the
Cincinnati and Dayton electric
companies:
(2)
offering stocks of the two companies to common
stockholders of Columbia at a fair price; (3) application by Columbia
Birmingham,
Louisville
Income
'
'
+1.3
+4.2
+5.1
+ 1.8
,
Gas
purchased
Other
51,086,896
—_
79,868
Maintenance
Federal
PpH
2,641,040
and
local
Federal
income
less
tax
as
<5
to
debt
•
of
■
.
'
per
p.
;"V''
"
'* %.:•
..
v
3,544.200
19,562,477
1,133,300
4,498,000
4,947,014
19,878,305
8,790,044
9,116,369
34,317,171
225,538
59,428
1,145,288
9,015,582
—
1,139,200
4.982,072
income
income
9,175,797
35,462,459
35,667,344
13,176,841
2,861,594
3,311,313
12,521,159
income—
6,153,988
5,864,484
22,941,300
com. share
net
;v
-
:
-
•
depreciation.
deductions
161,
*
%/:>. %-x '
'■
•
6,596,000
intan-
income
Earnings
.
v
.
.
operating
Consol.
—V.
*
"'
unamor.
4,083,200
1,375,100
2,640,800
4,015,900
Fed-. V
applied
to
discount & exp.
for
Gross
Net
14,149,400
—
of
22,832,035
14,703,000
22,455,234
3,789,000
Y
gibles & other items
Net
6,035,729
4,048,200
credit-.!
equiv.
savings
'Write-down
Other
;
*
■
1945—12 Mos.—1944
49,257,183 190,365,855 183,564,838
69,348
330,401
257,853
1,482,542
5,352,157
5,368,610
17,515,468
70,247,483
68,409.624
2,521,713
11,166,604
9,915,234
5,854,565
TYrnflf
Reduction
Prov.
:
•
taxes—
post-war
Charges
misc.
taxes—
AYCPHQ
,
1,477,410
18,064,597
—
operation
State,
Statements, Periods Ended March 31
1945—3 Mos.—1944
Operating revenues
Power
purchased
Kidder &
shares
316,763
—————————
161, p. 565.
to
1946,
Company
1944.
headed by Lehman Brothers on May 18 publicly
offered 100,000 shares of common stock (par $5) at $13
per share. All the shares are being sold by Bankers Se¬
curities Corp., parent, and the Company will receive
none of the proceeds. Other members of the underwrit¬
ing group are: A. G. Becker & Co., Inc.; Goldman, Sachs
& Co.; Hallgarten & Co.; Hornblower & Weeks; A. M.
all
premium to RFC of $282,000.
a
SEC
City Stores Co.
"As
Snyder, Federal Loan Administrator, announced on May-10
that this company had retired the remainder of its indebtedness to
RFC by purchase of $9,400,000 of the
company's series A, first mort¬
gage 4% bonds from RFC at 103 plus accrued interest. This represents
Co.—Extension Granted—
group
&
Chicago & Eastern Illinois RR.—Pays RFC Loan—
Service
and its subsidiaries a year's
comply with an integration order
elected to dispose of its utility
interests and retain interest in companies engaged in the oil, whole¬
sale natural gas and other non-utility businesses.—V. 161, p. 1876.
The
extension
the
were:
administrative
161, p. 667.
473,735,119 509,459,038
-
contracts,
funds
ranging from 0.85% to 1.75%,
The, company on May 14 awarded the issue,
basis
and
taxes.—V.
cents each;
7777
•Including special deposits of $29,193,565 at March 31, 1945 and of
$24,034,703 at Dec. 31, 1944 to be used exclusively on Government
$500,000;
according to maturity.
bidders
80,059
$106,125
taxes-
i
May 12
trust certificates at prices
cost
50
3,201,671
7-
recon-
Contingencies
Captal stock
for taxes
Salomon Bros. & Hutzler, Wertheim & Co. and Stroud
& Co., Inc. on May 15 offered $2,500,000 1%% equipment
Other
income
85,046
$150,604
State
5,414,892
3,201,671
■
rehabilitation
Custodianship
stock,
Chesapeake & Ohio Ry.—Equipment Trusts Offered—
Interest
and
debentures and preferred stock
General operating
reserve
surplus,
$872,515;
2,696,796
473,735,119 509,459,038
Liabilities—
Cities
.
Federal
holders of record May 25,
A similar distribution was made on March 9,
last.
Payments in 1944 were as follows: March 3; June 3 and Sept. 1,
$1.00
2,370,622
_
Total
Total
preferred
$3,500,000;
$1,716,490),
subs.
$8,794,324.—V. 160, p. 2181.
.
$186,185
directors
the
p.
payable, $501,084; accrued wages, $173,458;
tax
foreign
$1.00
charges
Earned surplus
$2,425,164; cash, $1,216,(refund), $554,595; accounts receiv¬
$90,893; total, $8,794,324.
assets,
stock,
owned
-
Deferred
1945
inventories,
tax
The
on
77,454,871
2,335,958
2,338,100
5,117,983
220,573
801,000
47,218,355
1942
..
172,683
England), at cost—
>
—
—
Real estate not used in operations
SSundry investments and miscell. accounts—
Expense adv. & curr, accounts—officers & empl.
Investments in partially owned domestic subs.—
UProperty, plant and equipment
—
1944 and $737,454 in 1943.
$919,298 in
$100,000;
excess
for
income
and
—V.
Capital surplus
Sheet, March 31,
196,370
cost-plus-fixed-fee
•'and
For
Assets—Machinery and equipment (amortized), $829,055; land and
buildings, $1,377,904;
machinery
and equipment,
$725,576; patents,
U.
54,376
$235,650
74,598,497
wholly
for amortization and estimated Fed¬
reserve
Balance
$76,130;
$131,809
39,724
(net)
Period End. April 30—
foreign
owned
69,144,709
'
in
Advances on
purpose.—V.
25,000,000
55,805,023
profit alter charges
taxes
1,590,223
$195,926
operations
income
Mail
(Canada
Inv,
.
•After depreciation
eral taxes of $475,769
coal
Coleman Lamp & Stove Co.—50-Cent
2,608,550
—139,101,536 142,004,924
from
■
costs
Unbilled
version
and
—1,545,628
sales
from
income
Net
1,181,596
subsidiaries
Loss
•Net
1944
582,948
to employees
deposit for purchase thereof-—
on
♦Accounts receivable
Chapman Valve Manufacturing Co.—Earnings—
Quar. End. Mar. 31—
Profit
for
*
25,000,000
Savings bonds for sale
Accounts
-
p.
.
122,903,294 126,727,390
—
—
War
Goodwill
7';'%:7V
•'■7%
'
,■
Treasury certificates
^Inventories
,
$321,482; total, $334,951.
will be taken at the lowest prices offered.
Notice of
acceptance or rejection of any offers will be mailed not later than
May 25, 1945.
Interest will be paid from Jan. 1 to June 1, 1945,
when accepted bonds or debentures are to be delivered at the com¬
amount
.
$1,722,032
sold
Act
Consolidated
accepted,
Robert
4,899,233
4,351,132
$1.13
2,760,533
providing for renegotiation and recapture by the U. S.
of any profits found to be excessive.. Profits on trans¬
actions subject to the Act appear to be within the range of profits which
tiation
S.
its office, located at 3717 Forest Park Ave., St.
Louis, Mo., will at 2 P. M. (CWT) on May 22 receive bids for the
sale to it of 1st mtge. 4% bonds and debenture 4 % bonds. Offerings,
limited
■
Renegotiation—Operations of the corporation and its subsidiaries for
three months ended March 31, 1945, and for the year 1944, in¬
clude transactions which are subject to the provisions of the Renego¬
at
pany's office..
coal
and
■'Including selling
6,336,038
3,263,349
$1.46
2,589,408
profit
S.
Champion Shoe Machinery Co.—Tenders—
if
of
V
1945
537,594
$1,741,554
mined
the
U.
year's divi¬
preferred stock, $14,268; $6.50 preferred stock (2,195 shares
$219,500; common stock (10c par), $10,000; surplus, $82,071;
company
v
sales
tion
8,094,23 6
5,552,937
3,263,349
3,263,349
$1.86
$1.28
2,467,220
2,080,827
tCharged to cost of sales and expenses.
U.
3,567
total, $334,951.—V. 161, p. 1312.
The
Coal
coal
3,250,000
11,850,000
8,350,000
15,300,000
supply and facilities contracts—.Balance
for
of
\
■■
paid——
sharetDeprec. & amortization,
881
$3,438
$4,903
;
Assets—Cash, $13,469; investments at cost,
Liabilities—Reserve
1,386,979
$6,166,211
3 Months Ended March 31—
3,000,000
3,000,000
1,000,000
Cash dividends
Earns,
$4,655
$3,774
3,567
3,567
The net profit from the sale of securities for the first quarter of
1945 amounted to $2,630.
I
,■
to
income—
161, p. 1313.
Net
(Including all wholly owned United States subsidiaries)
Mar. 31,'45 Dec. 31/44
Assets—
$
$
937
1,135
1,230
pfd.
on
$7,553,191
1,512,259
*.
,
<■
—estimated
were
1943
$4,375
1944
$6,038
1945
...
—
inc.
Net
'
>■
„
inc.
profits taxes
and cash
Dir.
■
estab. of auto, business
Corp.—Earnings—
Store Investment
Chain
3 Mos. End. Mar. 31—
$7,293,390
_
$5,781,130
deductions
Provision
rehabil.
& re-
plant
reconv.
Lazard Freres & Co., has been
■
'
>
/
Jr., a member of
director.—V. 161, p. 1421.
Hettinger,
a
————
—
1,813,000
$7,095,445 '$7,421,676
197,944
131,515
—
income
2,034,000
4,593,182
Clinchfield Coal Corp.—Earnings—
7,378,882
6,868,520
7,624,620
9,455,570
Government
Certain-teed Products Corp.—New Director—
elected
-
2,919,000
1,046,000
4,706,154
2,156,000
—
adjustments
postwar
operating revenues—
Non-operating revenues
Balance
2,906,000
——
—
59,621
1,411,931
2,724,637
4,017,640
.
on
payable
Liabilities—Notes
for
& excess
hand, $528,680; U. S. Govt, bonds (at
cost), $201,400; accounts receivable, $2,091,879; cash surrender value
life insurance, $83,038; inventories (est.), $803,923; fixed assets (after
reserve
for
depreciation),
$1,304,181;
investments in mill superin¬
tendent's homes, $5,741; deferred charges applicable to future opera¬
tions, $34,869; total, $5,053,711.
' •'/ ■.
/^:7'
Assets—Cash In banks
;
—
tax
1,301,931
.•••3--V-'
_
gen.
Prov.
31, 1045
Balance Sheet, March
Consolidated
Condensed
interest
Prov.
dividends on preferred stock.
♦After allowing for
tAfter estimated
$0.16
$0.22
surtax
:
depreciation
Net
Other
sell., service, adv. and
$0.35
and
profits
for
•Cost
Expenses of admin., eng.,
$0.51
and
normal
Provision
190,585,565 175,793,551 120,886,166
312,922,197
contracts
on
stock
mon
fee
——
——
3,647,818
76,111
1,472,001
3,141,450
4,148,260
cost-plus-fixed-
com¬
share
per
100,000
$25,108
t$30,123
t$42,078
t$50,715
taxes—
Federal
and
under
136,414,281
inch costs
sales
of
Cost
3,616,875
;
—
-
expenses
Federal
.
346,772,004 215,113,122 203,848,169
income.—._—
Total
1942
1943
deprec.,
after
inc.,
1944
1945
3 Mos. End. Mar. 31—
Net
Sub.)—Earnings—
„
general expenses—
Taxes, other than income tax (est.)
Tons
Century Ribbon Mills, Inc. (&
;
—
Federal
1944
1,405,936
distribution
—
Administrative
346,679,557 215,013,129 203,626,600 136,299,759
92,447
99,992
221,569
114,522
-
—
1945
—
$
^
.
'
'
*
—-
steam
Commercial
31
1942
$
1944
$
_
and
Transmission
United States subsidiaries)
wholly-owned
all
1S45
Other
period
company
$46,940,901 $45,093,266
—15,170,669
13,148,830
revenues
production
Gross
needs.
Comparative Consolidated Income
1876.
months'
12
'
the
of
12 Months Ended March 31—
Total
Distribution
$346,679,556.61. Net earn¬
ings after taxes and reserves amounted to $8,094,236.49, equivalent to
$1.86 per share.
,
>,
'
' '
.■
When war demands slacken and before car production can begin
even on a limited
scale, there are many things which must be done.
Recently we have been allowed to proceed with pre-reconversion items
of buildings, ordering machinery, and reconditioning tools for future
automobile production.
Such items of activity as have been approved
are proceeding with all possible
effort.
>
,
-7 .•!
When any marked reduction in war demands takes place, it may be
expected to result in further freeing us to provide for reconversion
$3,224,513
tax
the
for
$13,380,000
1945.
capitalization
Cleveland Electric Illuminating Co. (& Subs.)—Earns.
our
be
in any
previous quarter.
Sales for the first quarter of
for
approximately
31,
consists of $4,900,000
funded debt, including promisory notes:
400,000 shares of class A
stock and 1,208,401 snares of common, excluding shares held in the
treasury.—V. 161, p. 1876.
7"; ■■7
;7'7-y .77,y'7; '77y "
'
Our total business was also greater
quarterly volume of war products.
1,209,701
requiremts.
divs.
889,830
$253,009
profits
income
Pfd.
898,349
74,263
75,407
excess
Net
.i",..),'
to make them.
of 1945 corporation turned out its largest
we shall continue
the first three months
fighting,
In
to
.Jan.
Outstanding
stated:
Keller, President, on May 3,
T.
than
ended
Total
(normal
tax
surtax;
Fed.
2,207,130
E
&
D.
D.
Fed.
$7,910,072
of
amortiz.
of
$7,797,708
112,364
$7,354,869
2,161,712
7,255
income
Gross
$7,268,761
86,108
$668,152
——
income
Non-oper.
$602,100
income-—
oper.
227,391
,,,
Corporation continues to concentrate on war work.
So long as
combat forces
need the weapons we make, wherever they may
t
Portland
under
Rental
•.
■
Chrysler Corp.—Quarterly Report—
K.
amounted
.
resigned.—V.
161, p. 1876.
time.—V.
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2216
$0.48
-
2107.
--
■
$0.46
34,888,605
.
778,739
22,490,503
$1.80'$1.77
Volume
Number 4387
161
THE COMMERCIAL Rr ETNANCTAL PTTPOMTPT
*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
161
Commonwealth & Southern
seeding
Corp.—Weekly Output—
weekly
kilowatt-hour
2217
machinery,
harvesting
machinery,
soil
improvement -tools,
portable elevators and grinding and roughage mills, and other
equipment..
wagons,
output of eiectiic energy of subsidiaries
corporation,\adjusted tc show general business conditions of
territory served, for the week ended May 10, 1945, amounted to
250,964,848, as compared with 241,533,441 for the corresponding week
in 1944, an increase of 9,431,407, or 3.90%.
The
of
1?
t
Derby Oil Co.—Earnings—
1
An
extensive
tion
commenced
was
in
adaptation
1943.
Since
implements
in
of
manufacturing
1941,
such
and
November,
tractors
and
1941,
has
production
the
been
facilities to
reached
manufacture
controlled
produc-'
war
its
peak
of
agricultural
governmental reg¬
by
Net
$1.25 Preferred Dividend Declared—
'
A dividend on the preferred stock of $1.25 per share was declared
by the board of directors on May 11 subject, however, to an order of
the
to
Securities
be
made
and
28
days
after
1941
!
holders of
after
the
preferred
date
stock
the
at
such order.—V.
of
close
of
business
the
on
,j
\t'
day
14th
'
'i'
•
V.,'.
r,
Sales
161, p. 2107.
Cost
Consolidated Edison Co. of New York,
of
goods
-["j 1942
Inc.—Output—
Net
profit
from §ales
25,349,762
24,824,958
____
561,420
1,196,935
885,902
(net.)_
2,757,554
2,329,585
2,459,459 '
Profit from retail stores •
179,200,000
Provis.
for
Provis.
for
of
to
kwh.
10.8%.—V.
not
161,200,000
for
the
week
corresponding
of
last
year,
Int.
oth.
Total
161, p. 2107.
inc.
25,654,567
23,082,315
V'
v '
703.420
income
28,668,736
——___
conting.—_
income
28,351,478
3,325,446
28,999,928
1,746,245
and
Net
Irving B. Babcock has been elected Chairman of the board of
directors, succeeding Tom M. Girdier, recently resigned.
Mr. Babcock
is also President of The Aviation Corp.—V. 161, p. 1877.
inc.
for
11,073,870
'24,790,707
renegotiation refund
provision therefor for the
due
Chicago—To Redeem Debentures—
from
shown
differ
$2,000,000 outstanding
Oct.
1,
have
1950,
Crown Zellerbach
free
from
and
1946,
The
1540.
1947.
p.
14,011,291
corporation
called
company
Selling
expenses
General
Prov.
paid
for
Social
for
Res.
(net)-
deprec.
&
secur.
♦Est.
3,546
profits
taxes
■
Serial
debentures,
♦After
per
First
Chase
of
capital
outstanding
Earnings
New
all
♦After
in
and
come
charges,
$471,931
$0.72
$537,653
$0.81
The
1943
$204,563
the
annum
cipal
1942
I",
388,325
388,325
$0.64
$0.53
$0.52
provision of $223,259 in 1945, $389,537
$201,228 in 1942 for all estimated in¬
p.
Ended
Quarters
and
oper.
the
on
Interest
1945
31—
March
incl. other inc. credits..
revs.,
Provision
for
cancellation
income
Net
As
March
at
liabilities
31,
161,
$0.95
less
assets were $9,350,427 and current
working capital of $6,943,915.
Other
1944.—V.
—•
Total
a
net
net working capital of $6,823,478
a
as
Ripley
public of¬
fering at 102% and accrued interest from April l,|of
$19,500,000 of 20-year 2%% debentures, due April 1,
1965. On March 30, the Harriman Ripley group made a
firm commitment to purchase these debentures at not
less than 99.50% at any time up to May 28, as soon as
&
of
the
company
than
less
not
1945;
1,
30
includ.
and
days'
1,
April
in- the
reductions
whole or in part by lot at any time on
prior notice at following redemption prices:
a
1948,
redemption
at
104'A %;
price
during
thereafter
each
with
to
fund
and
each April 1 to April 1, 1963; and on April 1, 1964, at
with accrued int. Indenture provides for a sinking
retire on April 1, 1953, and on each April 1 thereafter to
to
made
$800,000 of debentures. Sinking fund
cash
or
on
the
payments
may
facilities
on
or
may
Merrill
and
the
'{
I
Lynch,
Fonner &
and
New
has
'
^
1,500,000
750,000
,
500,000
and
agricultural
"
•
110,790
:-N
3,140,999
2,519,578
3,027,413
3,243,133
592,686
*./"
1,123,284
345,308
1,054,394
64,343
271,804
338,405
$534,847
10,991
Stock
to make application
Exchange.
to
list
the
organization and acquisition of other units in the
including interest in strategically located
distributing houses.
The
present
company
was
incorporated in
1911,
in Illinois, to
acquire, unify, and enlarge the group of manufacturing and distribut¬
ing enterprises which had developed into the agricultural implement
business
and
to
acquire certain other agricultural implement com¬
whose products were complementary to those of the company.
1911, the company's line of products has been enlarged and
its
manufacturing and wholesale distributing facilities have
been
greatly expanded.
»
■
:
The line of company's products is sufficiently diversified to supply
types
of
Balance
and
Gross
Net
$2,088,182
-V.
$2,399,296
the
horse drawn,
tractor drawn
and
driven implements required for farm operations, including tillage
power
tools,
road.
160,000
common
$364,624
$364,170
$1,369,848
1,162,600
1,162,600
ICC
for
$0.31
purposes.—V.
;•
161,
p.
1945
District
1944
♦After
all
728,974
172,511
105,637
20,874
27,360
$393,951
$498,546
$604,837
113,849
114,313
106,803
$507,800
$612,858
$711,640
$0.26
$0.31
$0.37
____________
share—__—
common
-*
.
Wholly-Owned
fi
t
Subsidiaries)
1945
1944
"■'■*.$
$
1943
$
—H62,294,8391150,921,772H33,622,229
6,854,630
operating revenues
7,493,458
7,801,348
169,149,469 158,415,230 14M23.577
95,173,943
80,350,796
gds. sold & other oper. chgs. 106,433,888
12,742,422
11,757,716
11,185,323
gen. *& administrative
exp.
for deprec. & obsolescence.—
8,720,350
7,727,227
9,246,136
for Fed. taxes on oper. inc.—
29,870,000
33,865,000
30,984,000
Prov.
Divs.
11,382,809
9,891,344
9,657,322
7,500,000
7,500,000
5,000,000
701,188
666,518
654,992
„—33,000
...
General
—
to
$583,630
2,891
3,258
2,166
$582,829
$585,795
36,444
50,000
400,000
36,444
251,000
236,000
$229,876
$295,385
$299,795
the
reorganize
'.v
Federal
taxes
161,
p.
1995.
161,
p.
—«
other
'
.
Fed.
taxes.
Operating and other income—_____
income
Other
after
Dr820,000
Dr815,000
-.
Dr573,000
7,351,518
5,081,992
17,242,862
1,899,956
1,899,956
14,739,314
1,.899,956
to com. stock.
*16,897.041
115,342,906
12,839,358
—____—
13,886,993
13,887,075
11,109.639
11,109,712
11,120,125
11»110,090
dividends
§Shares
of
earned
tNet
7,414,188
18,796,997
—_
preferred stock
on
Balance applicable
Common
stock
com.
outstanding.
share—.
a
1.52
1.3$
/
1.16
■
returns; allowances, outward freight, etc.
tDu Pont sales
not include the value of products manufactured iri .U. S.
Government-owned plants.
Compensation for constructing and Operat¬
of
figures
do
is included in "other oper¬
SExcluding average number of shares in treasury.^-
ing such plants is on a fixed-fee basis and
revenues."
ating
V.
161, P. 1654.
/
v_
■
'"•r"'
;;
(Including
'
Net
1
sales
of
from
Prov.
on
for
and general
$2,204,749
2,236,455
1,823,410
175,587
1156,982
$257,497
I
S}224»357
debt—
deductions
income
(hett
and
excess
il944
$2,669,539
u
expenses—____
operations—.——.^
long-term
Fed.
■
——
————
shipping
Profit
1945
—!
sales
Selling,
"
'
'
»
Subsidiary)
Canadian
3 Months Ended March 31—
Cost
' '
'
Corp.—Earnings— V
Eastern
Interest
—V.
profit
161,
p.
23,437
1
,
18J350
Cr302
,.22,837
123,000
73,400
$111,362
profits taxes
$110,070
,
—
1200.
t
(
$2.44
1943
1944
j
$940,328
.
on
not
1877.
1945
charges
cos.
_____i——
Dividends
May 10
a plan of the Inter¬
financial structure of
Steel Tubes Co.—Personnel—
Corp., below.—V.
(net)—
contr.
in
owned
for
income
other
inv,
Corp.,
Motors
stock
from
wholly
Federal taxes.—
after
inc.
from
90,369
$579,571
$666,320
consideration.—V.
$945,578
■*»
taxes, including Federal
shares.—V. 160, p. 2070.
charges and
9,000
6,040
1943
$1,507,229
1943
the
tOn 202.666 common
304,319
9,000
—
.
————
Other
$1,575,484
862,294
172,367
Walter
:.
561,713
260,487
16,000
1
Court's approval of
Commission
all
579,661
off
written
profit.
per
income
: :
share
1944
$1,368,568
578,432
Quarters Ended March 31—
I
$1,719,869
-
after
per
1945
$1,216,840
costs
general
&
•
income
$8,623,996
(E. I.) du Pont de NemourS & Co.—Earnings—
1995.
$663,429
.
12 Months Ended March 31—
♦Net
4,824,141
$6,407,478
Ltd.—Earnings-
—
Miscellaneous
$1,821,779
878,092
175,578
104,680
.
income-—-.——
Steel
110,627
13,448,137
4,810,497
—V. 161, P. 1996.
common
Dixie Cup Co.—Earnings—
tEarnings
243,207
11,217,975
—
explor.
Earnings
(& Subs.)—Earnings—
-
Sharon
$10,974,767 $13,337,510
.—r——
profit
Net
,
—
Income
oper.
Miscellaneous
V See
operations.
income
recovery
Net
Inc.
——
Seamless
3,576,000
12,046,000
.
$1.18
.
further
Detroit
utility
Taxes
1,162,600
$0.31
shr.
comparative
termed
3,525.000
—_
1995.;
Development,
$1,401,421
$1,529,848
Judge
63,594,981
1,627,000
corporate
Tenth Circuit Court of Appeals at Denver, Col., on
dissent,
66,792,920
Selling,
A. Huxman's opinion, from which there was
plan "inherently inequitable and unfair," and
found -the preferred stock to be without value.
The
reorganization proposal was remanded to the District Court
with instructions that it be disapproved and the case referred to tho
no
1944
$82,919,687 $92,554,491
Cost of
40,000
Federal
1945
,
...
222,417
Total
1,005,402
2107.
S.
;
charges.,
3 Months Ended March 31—
589,528
income
the
Subs.)—Earnings—
operations
surtax..^
from
161, p.
152,133
$404,170
Commerce
(&
income
141,214
income
The U.
state
cer¬
(net),
assets
7,527
gen. and ref. bonds——
for Fed. and State inc. taxes
p.
Treasury
receivable
Deduct—Interest
$2,406,823
income
161,
S.
accounts
tax
miscellaneous
31,194
on
—V.
<
U.
receivable, $42,000; fixed
$21,664; total, $4,450,953.
30—
maintenance
Amount
panies
Since
the
and
tax
Other
-
Net
charges,
utility
from
profits
$2,119,376
other than income taxes
reversed
implement field
all
Normal
Excess
1,399
t
de¬
wholesale
substantially
earnings
$556,303
.
Depreciation
Prov.
$50,000;
note
.
$554,904
$545,838,
revenues
$539,210;
335,229
;•
40,000
expenses
Total
cost),
$837,649;
deferred
hand,
*
Operating
249,460
86,683
68,593
86,525
3 Months Ended March 31—
Int.
on
900,462
$404,624
Operating
272 shs.
334,313 shs.
Sheet, March 31, 1945
and
(at
Detroit Edison Co.
1,128,359
\ 964,624
—
Operating
shs.
433,340
1,027,450
deducts..
operating
banks
12 Months Ended April
Gross
Prov.
Taxes,
in
inventories,
Operating
273,916
Denver Tramway Corp.
:
12
...
issued——
indebtedness
Non-operating income
258,418
(net)
for
be
the
206.
p.
$3,159,479 $12,880,337 $11,957,761
812,662
taxes.
common
36,899 shs.
of
on
long-term debt, $750,000; misc. reserves, $35,080; capital stock (268,483
shares no par, at stated value of $7.89 per share), $2,118,329; capital
surplus, $358,618; earned surplus, $437,966; total, $4,450,953.—V. 161,
Oper.
•Restated
to
(And
Number of common shs.
297,142 shs.
1945—12 Mos.—♦ 1944
325,349
credits
dividends
per
par
shares
ex¬
1945,
,
252,198
income
Earns,
no
of
outstdg.
Derby Oil Co.
stock for each
in
payable, $287,396; accrued liabilities, $237,363;
portion of long-term debt maturing within one year, $150,000; divi¬
dend
declared payable April
16, $67,083; deferred liabilities, $9,118;
•
Business—The
the
of
Outside
Subs.)-rEarnings—
652,455
taxes—
for
and
taxes,
income ——
Balance
of
value stock.,
Dome Mines,
291,763
taxes—
issued
At March 31,
1,500,000
847,125
146,459
gas
be
to
are
Liabilities—Accounts
1.500.000
783,286
deprec
income
3,269
stk.
com.
$2,592,467;
(net),
are
Beane_u_
1945—3 Mos.—*1944
revenues—
oper.
for
exchange
share
one
par
Denver & Rio Grande West RR.—No Value for Pfd.—
agreed
York
of
40c.
in
Assets—Cash
Pierce,
Bacon, Whipple & Co.
V f ;
$3,336,145
and
,
Shields & Co.——
'
'
issued
...
Depreciation
prof,
local
been
shares of pred. cos
exchange for 36,899 outstdg. shares of
Derby Oil & Refining Corp
in
value
par
basis
prin¬
each underwriter
1
have
prior
be
business of the company is the out¬
growth of the work of John Deere in the development of tillage tools
which commenced at Grand Detour, 111., in 1837.
From time to time
the scope of that business was broadened through expansion of its
History
underwriters
purchased by
shares
500,000
exchange for 297,142
issued
be
Prov.
debentures.
Listing—Company
bentures
250,000
company
time
on
1964,
in
for
Federal
Net
-
each case
April 1,
the
one
successive
beginning April 1, 1953, upon not less than 30 days' prior notice at
following sinking fund redemption prices: if redeemed on April 1,
1953, at 1013A %>; thereafter with successive reductions in the redemp¬
in
several
&
and
income
Preferred
Other
price
be
„—
income
1963; thereafter at 100; in each case with accrued int. Also
redeemable through operation of the sinking fund on
any
April 1,
year
1,
100;
to
'
post-war
Total
Net
tion
the
revenues—
and
incl.
April
of
debentures
&
power
Gross
due
as
any
'
Ol
option
to
April
at
predecessor, The Derby Oil & Refining
provided for an authorized capital of the
shares of no par common stock, of
further
of
provide
stock of The
tSales
statement to be filed with the SEC by
had become effective.
April 1, 1965.
Principal and interest
payable at office of Continental Illinois National Bank &
Trust Co., Chicago, trustee, or at holder's option at principal offices
of
Brown Brothers Harriman
& Co. in N. Y. City.
Redeemable at
Dated
names
"
excess
State
the registration
(A
that
provide
portion of the banks' commitment, during the
with the date of the commitment agreement and
expenses
Provision
Fed.
Other
the company
will
$10,500,000
250,000
A,/.
_:
of Dec. 31,
Offered—Harriman
& Co., Inc., and associates on May 16 made a
500,000
1995.
p.
oper.
Net
Co.—Debentures
&
of
as
issued
40c.
500,000
_
agreements
amount
Ripley
Maintenance
161, p. 1314.
Deere
,
To
1,250,000
—
.
Operating
Purch'd
———
$0.31
Refining
&
1,250,000
________
——
—;
—___
Period End. Mar. 31—
$0.93
or
1,250,000
1,250,000
York—
Delaware Power & Light Co. (&
$5,294,917
$380,681
current
$4,000,000
_______
2,000,000
$373,352
1945,
New
the
agree
Chicago—
Corp.
120,200
$2,406,512,
were
This compares with
the
names:
will
Co
430,473
...——
severally to lend to
to borrow from the banks,
their
Securities
124,300
—-
in
be
com.
into
enter
agree
will
Barnev
378,180
share—
per
will
issuance
the
banks
opposite
Mellon
State income taxes—
L_.
of
Harris, Hall &Co„ Inc.
_:L„—
income
below
date
Union Securities Corp.
Federal
Net
Oil
the agreement
the continuing company, has amended
essentially the same corporate
Co.,
Balance
of
2,000,000
2,000,000
4,307,247
56,317
leases
of
the
Lazard Freres & Co.—
21,567
operating expenses———
i—
depreciation and depletion and
expense
Provision for Federal and
named
to
Co., Inc. _—$3,750,000
& Co., Inc.—
2,000,000
The First Boston Corp.
2,000,000
1944
■
$5,210,482
4,313,082
Derby
In accordance with the terms of
by-laws to
that of its
plan
334,313
Issued
unused
of
amount
•
and
sales
banks
prior
Blyth
—V.
Cost-of
the
or
Smith.
309.
The
stock
require.
may
(New York)
entire
Deep Rock Oil Corp.—Earnings—
Sales
of preferred
treasury.
the
1944.
company
Total issued
shares
in
follows:
as
$202,005
388,325
161.
The
of
period beginning
ending May I, 1946.
$0.58
taxes.—V.
Corp.
of $1,750,000.
to May 1,
1946, or portions thereof from time to time, provided the
portions so borrowed on or before May 1, 1946, aggregate $10,500,000.
Company will be required to pay a commitment fee of >A of 1% per
^In¬
388,325
profits
excess
and
Co
Underwriters—The
1944
and
•
of New York—
commitment
borrow
Harriman
1943
7,000
Brothers Harriman & Co. (New York)—.
City National Bank & Trust Co. of Chicago—
2,196,663
159,660
of
change for the stock of the predecessor companies.
the status of the capital stock was as follows:
.
Outstanding
Biown
$250,073
including
in
Trust
300,000
stock
$241,932
1944,
York
Irving Trust Co.
$345,268
so.52
share—
of
Co.
89,901
122,275
$97,427
$0.30
stockholders
the
Derby Oil
and
organization
' VV
held
business
on
the
set
Bank of
187,166
1945
____—_
per
financing)
installments
City Bank of New York—,——.
National
99,406
$227,587
profit
the
company
Bank
265,259
credit.
3 Mos. End. Mar. 31—
Shares
National
Guaranty Trust
1,901,291
72
$84,374
—
1944,
27,
charter
continuing
.!■' W
present
Continental Illinois Natl. Bank & Trust Co. of Chicago——
Decca Records, Inc. (& Subs.)—Earningsnet
which
the
National
tOn 659,998 shares of capital stock.
cludes miscellaneous income of $57,277.—V. 161, p. 565.
•Consol.
income
on
—
stock
of
amounts
56,369
60,000
taxes_
share
common
post-war
by
and
313,511
''; 932,659
income
profit for the period—
tEarnings
-
;
52,531
...
...
The
merger,
its
To
annual
include
agreements
495,324
250,000
,
in
shares
Notes—Company
commitment
18,536
excess
30,506
taxes..
interest
30,000
Dec.
of
$367,964;
538,316
adjust.
and
income
State
minority
to
9,915
37,500
develop..
its subsidiary, The
Derby Oil Co., approved a plan of
and consolidation of the two companies which was made effec¬
ii
common
of
developments
171,886
______
.
i
non-prod,
and
on
future
128,193
taxes—
post-war
inc.
Wisconsin
Estimated
Net
&
Fed.
1943
$4,336,246
3,000
8,637
merger
tificates
314,563
-.
1943, and a
have been de¬
v
shares
549,293
amortization-
&
unemploy.
invent.
prov,.
1944
and
and
applicable
per share
Purpose of Issue—Net proceeds from the sale of the debentures, to¬
gether with the proceeds from the serial notes are to be used as the
276,979
exps
31,
1947, to May
mature
Note—Outstanding
and
$2,464,284 t$3,981,577
„„—_—__
_
adm.
&
Interest
to
tNon-callable,
...
respective
1945
-
operations
will
notes
company,
profit, from
Oct.
Authorized
1,
—__
*8erial
is
now
for
3 Months Ended March 31—
effect"
give
__
Cutler-Hammer, Inc.—Earnings—
Gross
ended
year
10,779,416
$10,500,000
$10,500,000
20-year 23A% debs., due April 1, 1965
19,500,000
19,500,000
7%
preferred stock (par $20)————
2,000,000 shs.
tl,550,000 shs.
Common stock (no par)___
5,000,000 shs.
3,007,908 shs.
redemption on June 15, next, 580
shares of its outstanding V/2% preferred stock at 105 and dividends.
Payment will be made at the Chemical Bank & Trust Co., 165 Broad¬
way, New York, N. Y.—V. 161, p. 1540.
has
the
11,637,964
Capitalization
to
1952
1,
Cuneo Press, Inc.—Partial Redemption—
The
12,709,426
.r.
Corp.—Pays Off Bank Loans—
Feb. 1,
all bank indebtedness.—V. 161,
1,
leaseholds
December,
Corp.
16,136,694
reports.
•Serial notes due May
'
Aug.
In
•
year ended Oct.
31, 1944,
above sales and for that reason sales and taxes
from the amounts reported in the annual
(Adjusted
corporation has paid off the remaining $1,000,000 bank loans,
according to data filed with SEC. Liquidation of the loans represented
due
for
V'yvfr ' A
been
The
payments
65,138
receivable
rentals.
income
which
V,
10-year 2%%' sinking fund deben¬
called for redemption on June 30,
next, at 102 and interest.
Payment will be made at the Continental
Illinois National Bank & Trust Co., 231 South La Salle Street, Chicago,
111,, or at the office of J. P. Morgan & Co. Incorporated, 23 Wall
Street, New York, N. Y.—V. 161, P. 1877.
the
of
leasehold
for Federal
Earnings
1,225,270
13,895,807
14,269,420
year——
*A
ducted
All
accounts
38,460
71,903
tive
profits taxes—
excess
tures
7,422
40,356
...
...
doubtful
Proportion
$296,543
....
.....
Surrendered
4,776
$280,698
—
for
8,943
5,186
1,004,972
r
•
20,317
(net)—.—
——I
charges
Reserve
72,459
$282,819
expenses—
......
income
Provision
•/."
Consolidated Vultee Aircraft Corp.—New Chairman—
Crane Co.,
operating revenue
Depreciation
Net
decrease
a
consolidated
&
775,443
87,035
$255,194
Depletion
$
924,663
...
administrative
and
income
Other
*1944
-1
announced 4hat System output of electricity
purchased) for the week ended May 13,
kwh., compared with 179,300,000 kwh.
for the corresponding week of 1944, a decrease of 10.1%.
Local distri¬
bution
of
electricity amounted to 159,500,000 kwh., compared with
and
generated
amounted
Miscellaneous
Other
1944
$1,130,721
profit
Total
125,167,135 133,513,651 170,790,052 163,361,671
etc.
99,817,373 108,688,693 145,135,485 140,279,356
sold,
sales—.
general
Gross
1945
$1,266,892
±
,
Undeveloped
The company on May 16
(electricity
1945,
*1943
of
Selling,
Summary of Consolidated Earnings, Years Ended Oct. 31
The payment is proposed
Commission's order to the
Commission.
the date of the
Exchange
sales
Cost
ulations and up to
June, 1943, was severely restricted. Since that time
governmental policy has shifted and the manufacture of such im¬
plements has been encouraged within increased quotas.
*
'
Quarters Ended March 31—
incidental
this
$963,617
$2.46
$2.55
excess
profits taxes,
.
■
.
,
■
c
■■rr
Edison Bros. Stores, Inc.—April Sales—
Period End. April 30—
Sales
—V.
——
161, p. 1770.
1945—Month—1944
1945—4 Mos.—1944
$3,932,268
$4,475,152 $15,751,552 $13,59.8,154
•
10,
May
ended
the
1945,
1945
177,367
89,060
90,783
Light Corp.__
National Power & Light Co.——
&
Power
Electric
•Decrease.
''v' V'1"
;
Note—The
160,789
84,017
95,227
Underwriters
10.3
6.0
"4.7
Inc.
headed by Union Securities
shares of cumulative;
group
offered
29,664
Corp. on May 11
preferred stock,
first
the
is
time
that stock ownership of
Illinois National Bank
Chicago, and Marine Midland Trust Co., New York.
both
such classes of stock
are First
National Bank,
Chase National Bank, New York.
stock
(Inc.)
W,
E,
' •
principal trade-marks or trade names under which the corpora¬
are distributed are "Ekco»" (bakers' pans and house¬
hold
pans),
"A. & J."
(kitchen tools), "Miracle" (can openers),
"Flint"
(kitchen cutlery),
"Ovenex" (kitchen tinware), "Sta-Brite'
& Co
C.
111.
39,
at
1949
.
Hutton
Langley & Co
Higginson Corp
Lee
The
tion's
Co
Spencer Track 81 Co
dates back to
shop in a store
Chicago. Com¬
pany was incoroorated in
Illinois Oct. 6, 1903, under the name of
Edward Katzinger Co., with a paid-in capital of 850,000.
From the
time of its incorporation in 1903 and until his death in 1939 the busi¬
ness of the corporation was operated under the management of Edward
Katzinger, and since that date his son, Arthur, who entered the busi¬
in
ness
period from incorporation in 1903 through 1922, corpo¬
was confined almost exclusively to the manufacture
baking pans for commercial and institutional uses.
By 1922 the corporation's business had expanded to such an extent
that it occupied three buildings at Washington Boulevard and Sanga¬
mon
Street, Chicago, 111., having a combined floor area of approxi¬
mately 100,000 square feet, and it had acquired an important position
in
the industry.
In 1923 the corporation erected a large modern
plant at Cicero and Armitage Avenues, Chicago, containing approxi¬
mately 240,000 square feet of floor area and enlarged its operations
to include the manufacture and sale of a line of bread and cake pans
Gross
business
home
use.
the
to
same
as
name
State
Feb.
engaged
in
that
April, 27,
n
of
the
by
corporation
of
a
total
of that
was
corporation's officers and stockholders
paid
by the
the
indebtedness of E. L.
Reconstruction
Finance Corporation,
Capitalization
as
of
Feb.
23,
1945
pfd.
4'/2%
stock
($100
par)
series
Common
On
stock
($5
now
now
t393,750 shs.
1240,000 of these
offered.
to be issued in
a
series
designated cumulative
pre¬
ferred etock. 4*416
series, and 750,000 shares of common stock ($5
par), and (2) to reclassify the issued and outstanding 112,500 shares
of capital stock (no par) into 36,000 shares of cumulative preferred
stock 4%£
series, and 393,750 shares of common stock ($5 par)
this
ration
paid-in
change and
was
and
618,075
425
4,500
1,500
$1,060,166
$917,129
225,000
increased
earned
reclassification
from
$562,500
surplus.
As
a
the
to
stated
capital
S5.568.750
result
all
by
of
the
corpo¬
transfers
paid-in
surplus
from
was
Offering—Shields & Co.
common
225,000
credits, of
$95,200,
W.
increased
p.
of
Hubbard
elected
This
as
for
a reserve for drilling test wells on its
exploration work in other areas of the
the
Directors—
and M. A. Okin of New York have
the resignation of G. Herbert Semler.
from seven to eight members.—V. 161,
Pittsburgh
following
directors,
directorate
1879.
General Cable
$153,000, and $247,300
and $43,000 for the
Corp.—Earnings—
1945
1944
$5,779,495
$4,053,068
499,193
457,466
Quarter Ended March 31—
Gross
profit
Product
Other
(& Subs.)—Earnings—
sales
on
service,
administration &
for
general
exp.
209,071
124,275
483,808
623,140
$4,537,423
5,646
$2,848,187
20,667
$4,593,069
charges
operating
Provision
$2,868,855
(net)_
depreciation and amortization
1943v.
1944
1945"
remainder
General Bronze Corp.—New
John
$771,115
225.000
1942,
the
been
5,250
$173,979
tax
'
Net
profit
operating
Othqr
income
Total
(net)
income
Interest
and
Provision
Buys More Pacific
—
debt-
42,654
51,791
income.
3,875,000
2,300,000
$675,415
$517,063
funded
on
expense
for
V v.'•/
/
t
notes.—V.
yi'-VJV,-.
V
;- Vy'
161,
General Foods Corp.—Earnings—
wholly-owned subsidiaries in the United States and Canada)
1945
1944
' v1943
(And
Months Ended March 31—
Net
With SEC—
purchase of such other shares of Williams as have been
S.
underwriters.—V.
161,
1424.
p.
—V.
Eversharp, Inc.—Stock Split-Up Ratified—
stockholders
amendment
an
(filed
on
value
$1,
was
distribution
17,
annual
meeting held
certificate
1945),
subdivided
of
incorporation
to "which
pursuant
effect
to
on
a
the
for
two
common
one
share
.'The
stock
common
stock, par
common
sion
of
stockholders
split-up,
by
a
shares.—V.
common
161,
SEC
has
Co.—Extension Granted—
extended to March 30,
1946, the period in which com¬
complete disposal of Tucson Gas, Electric Light & Power Co.,
pany may
Stonewall Electric Co.
Because
1943
1942
$2,382,740
$2,607,769
2,668,079
2,254,650
2,668,485
Profit from operations
$868,626
$770,990
$128,09
*860,716
(net)—__
110,313
12,939
23,90
revenues
expenses
income
Total
and Tucson
Rapid Transit Co, properties.
"with respect to condemnation of Tuc¬
of
purchaser," 'the
SEC
opinion
said,
agreement with the city
should be reached in the near future, a considerable period of time
would elapse before consummation of the sale by reason
of certain
procedural steps which the city would be required to take," the opinion
and
$978,939
236,802
246,852
245,000
$324,069
$0.33
$309,505
*$84,809
$0.29
Nil
>$296,602
Nil
for
prov.
Net
profit
Earnings per com. share
*Loss.—V.
161,
1879.
p.
(& Subs.)—Earnings—
General Steel Castings Corp.
0
>
$1,861,121
295,177
facil. '
154,185
$1,801,837
303,535
218,019
v
1943
$4,802,564
302,589
211,554
$4,937,981
305,793
100,889
$1,411,759
$1,280,283
$4,288,421
$4,531,299
17,478
29,122
5,777
16,401
$1,429,237
after
$1,309,405
$4,294,199
$4,547,699
113,506
129,333
157,784
202,372
210.888
201,149
263,000
t/732,567
t708,040
12.871.000
expenses
Depreciation
Amortiz.
1944
1945
3 Mos. End. Mar. 31—
of
spec,
Other income
Bond
also
represented
that
if
even
an
Commision
of due diligence"
found
that
Federal
"has
been
unable
in
the exercise
1944,
to elect whether to dispose of
the Tucson properties or retain them and dispose of all other holdings
except Deming Ice & Electric Co. also was extended.—V. 161, p. 1541.
year's
to comply with the divestiture order of May 30,
time.
Federal's
right
interest
Federal
tax
.
Fed.
State
and
and
1942
Net
inc.
surtax____
profits
excess
Prov. for
tax
.
$372,276
profit
;
Calls
The
.
1945,
its
in
$78,671
1945,
1945
and
for renegotiation
in
______
$765,327
1944
,
and
has been made in the
1944.-
that there will be
redeemed on July 1,
call price of 1021/2':e and accrued interest $1,000,000 of
first mortgage bonds, 51/z'?>
series A.
will be made at the office of J. P. Morgan & Co., Inc.,
the
outstanding
Wail
S852.414
$270,883
:
Bonds—
Pavment
23
for
provision
corporation announces
at
$81,397
150,000
1243.
Note—Estimated
statements
of
995,000
2,585,000
"
contingencies.
$319,000 in
continued.
a
229.424
425,000
—
$783,929
229,870
profit
Prov. for Fed, inc. taxes
:
The
10,966
*$49,750
$151,993
retirements
pending appeals
and the city of Tucson's desire to purchase the prop¬
erties, Federal reported that "it would be impossible to find a private
within
Inc.—Earnings-*-
$3,439,068
Operating
Operating
son's properties"
is
$0.65
2107.
p.
Federal Light & Traction
"It
5,284.440
$0.62
1944
scribe
The
168,750
5,575,463
$0.68
______
_
included
eliminating shareholders' preemption rights to sub¬
for additional stock to be issued by the company.
Prior
to
the
two-for-one
stock
split-up,
there were outstanding
was
168,750
5,575,463
1945
$3,975,921
3,107,296
Profit
held.
approved
$3,579,992
1771.
161, p.
Quarter End. Mar. 31—
-
the
proposal to increase the authorized
$1, from 200,000 shares to 500,000 shares.
A provi¬
also
869,000
$3,627,550
$3,785,822
stock, par
May 19,
1945, to holders of the common stock of
1945, in Chicago, of one additional share of common
stock, par value $lt for each share of common stock held.
The Committee on Security Rulings of the New York Curb Exchange
on
May 12 ruled that .the common stock be quoted "ex" on May 21,
1945, the distribution of one additional share of common stock for
each
399,000
General Outdoor Advertising Co.*
;
17,
May
per
Amortiz.
May 15, approved
of the corporation
on
record
the
the
to
May
at
common
5,588,000
5,986,000
6,414,000
■
preferred stock__—__
shares
share
on
Earnings
taxes
—______
Outstanding
'
The
138,433
108,917
& exc. profits
contingencies
profit
Misc.
...
,
inc.
for
Dividends
deposited
other stockholders of Williams for sale at $5.16 per share.
The
proceeds to be received by Eureka from the sale of the stock will be
used to pay for these shares.
The price to the public will be filed by amendment.
Hornblower &
Weeks
and
Kebbon, McCormick & Co. are named as the principal
by
$9,898,554
178,564
long-term debt
IJ.
Net
corporation.
The consummation of the plan is
purchase by Eureka from Walter W. Williams
of 245.000 shares of Williams Oil-O-Matic common for 81,386,700, and
the
$9,833,986
185.257
operations
on
Provision
the
upon
42,143,221
v'-v-t;
9,024,793
.
income
Est.
'
continuing
contingent
11,472,563
$10,123,482
and
exps.
$10,308,739 $10,012,550 $10,036,992
shares of ($5 par)
has registered with the SEC 122,500
57,005,573
11,067,496
and gen.
from
Profit
Other
The company entered intp its plan of merger with Williams Oil-OHeating Corp., dated April -25, 1945, under which Eureka will
the
65,478,636
goods sold
admin,
other charges
Matic
be
of
$86,669,614 $78,312,122 $61,066,571
sales
Selling,
stock.
common
y
\u.'
Jf.
on
1771.
p.
Int.
•' ..y,;vy«* v'.A~v,; V
Eureka Vacuum Cleaner Co.—Registers
The company
taxes
the
161, p. 1996.
'
Federal
'Net' income
—V.
of said
surrender
■*'
.
1945, corporation had authorized 112,500 shares of
capital stock (no par), all of which were issued and outstanding
On
May 9, 1945, the articles of incorporation were amended (1) to author¬
ize 60.000 shares of cumulative preferred stock ($100
par)
of which
By
458,873
The company has called
$5,500,000 outstanding secured serial ZVa'/o notes due March 15, 1953,
at 102 and intere'st.
Payment will be made at the Guaranty Trust
Co., trustee, 140 Broadway, New York, N. Y.
Immediate payment at the full redemption price, plus accrued inter¬
est to July 14, 1945, will be made at any time upon presentation and
Outstanding
28,
36,000 shares weie
200,000
totaling $675,000,
Cost
*36,000 shs.
offered.
Cv.
:.;v^
shares reserved
Profit
750,000 shs.
par)__
being shares
Feb.
856,800
215,149
report on changes in holdings of securities, covering
April, Pacific Mills has notified the New York Stock
of
165,000
36.000 shs,
*29,664 of these shares being shares
shares
341,800
1,347,000
$5,500,000 of Secured Notes—
for redemption on July 14, 1945, all of its
60,000 shs.
___
—
and
common
and
Erie RR.—To Retire
and
adjusted)
Authorized
.
Cumul.
(as
made on
peninsula.
Ex¬
beneficial owner of more
than
purchased an additional
5,100 shares, increasing its holdings to 68,500 shares.—V. 161, p. 1201.
of
corporation in payment and dis¬
Tebbets. Spool Co., Inc., to the
also
with
registered
has
stock
the
claims
that the Ely & Walker concern,
10 %.
of Pacific common stock,
has
.
of $30,609
was
Oil Ventures, Ltd., Montreal—Registers with
Gaspe
change
Tebbets Spool Co., Inc.,
manufacturing wooden handles for
payment
upon
cents
15
358,500
359,000
______
its
In
month
handles
1945,
favor of icertain
of
2,687
Ely & Walker Dry Goods Co.
charge of accounts and notes payable of E. L. Tebbets Spool Co., Inc.
sum
449
,
Mills Stock-
of which the sum of $132,650 was paid by the corporation
preferred and common stockholders of E. L. Tebbets Spool Co., Inc.,
the sum of $17,350 was paid by the corporation in payment and dis¬
charge
$2,612,427
2,272,200
refund
35
May
.
to
in
$3,066,751
1942
"Net profit
$284,297
$77,297
*$134,682
$191,777
tEarnings ,per share—
$0.23
$0.06
Nil
$0.15
"After all charges, Including provision- for Federal income tax (and
renegotiation in 1945). i tOn 1,237,500 shares capital stock.
tLoss.—
V. 161, p. 1770.
: 0:1
'0\ >0 000:00 -V
' ■ :
$180,609,
the
$3,911,015
Quarter End. Mar. 31—
and
other, hardware
items,
spools and
the past has been the corporation's principal
for kitchen tools and utensils.
The pur¬
chase of the stock of E. L. Tebbets Spool Co., Inc., was consummated
on
$2,594,178
,
18,249
$619,404
Electrolux Corp.
utensils
wooden
of
$3,033,221
33,530
1943 and 1944, respectively,
two months ended Feb, 28, 1945.—V. 161, p. 1878.
toy parts, and in
supplier
$3,884,097
26,917
57,000
years
of
the SEC 1,500,000 shares of ($1 par)
share purchase warrants together
for issuance upon exercise of the
warrants.
Tellier & Co., New York,
are
principal underwriters and
will receive 15 cents commission for sale of the stock to the; public
at 60 cents per unit.
The company expects to use 6350,000 of the
will)
—
post-war
the
2108.
p.
on
/
Company
1,387,872
taxes
*After
for
E. L.
corporation.
business
the
and
todls
kitchen
wooden
1,186,552
13,417
J
161,
Exchange
1,135 shares and the smallest 15 shares.
2108.
p.
Gaspe
388,000
income'
Stock
was
161,
sec—
$14,271,279 $10,224,842
13,812,072
10,051,506
6,242,792
1945,
26,
outstanding-stock of
is
1942
1943
1944
1,834,332
Dividends
the corporation entered into agreements with the
principal stockholders of E. L. Tebbets Spool Co., Inc. (Me.), having
a
mill and office located at Locke's Mills, Me., to acquire all of the
On
—v.
Years Ended Dec. 31
taxes,
inc.
income
Net
;
,
& Stampers,
Platers
1937
exc.
prolits
,
Ltd., was organized, under the British
Companies Act, as a subsidiary of the corporation.
A modern plant
containing
approximately
100,000
square
leet of floor
area
was
erected by the corporation of Burnley, a municipality, for the purpose
of housing the manufacturing operations of Platers & Stampers, Ltd.,
and ;leased by
it to such subsidiary for a term of 21 years, com¬
mencing Nov. 16, 1937.
Prior to the entry of England into the war
this
English subsidiary manufactured and sold
the same products
(with the exception of bakers' tinware and flashlight cases) as those
manufactured by the corporation at its Chicago plant.
In July, 1943, the corporation's Maryland subsidiary (Ekco Products
Co. j .acquired at a cost of $172,500 all of the capital stock of Sta-Brite
Products Corp., a Connecticut corporation,
which had its plant and.
principal place of business in New Haven, Conn., and which was
engaged in the manufacture of a line of flatware cutlery, being a line
of products not theretofore produced by the corporation or any of its
subsidiaries.
In August, 1943, all of the property of Sta-Brite Products
Corp; was conveyed to the Maryland subsidiary, and The Sta-Brite
Products Corp. was dissolved as of Dec. 31, 1943.
Since that time the
Maryland subsidiary has operated the business formerly conducted by
Sta-Brite Products Corp. as a division of such subsidiary.
In
allotment
Statement
Income
prof, taxes-
normal
•Fed.
Forge,
1934 Geneva
—
British normal & excess
^
Inc., a subsidiary of the corporation organ¬
ized in New York, acquired all of the real estate, plant, machinery,
fixtures, equipment and inventory of Geneva Cutlery Co., engaged in
the business of manufacturing kitchen cutlery, such as paring knives,
bread knives, butcher knives, and the like, which had a plant located
at Geneva, N,
Y.
■
.
ration.
In
2,000
2,000
& Co._
proceeds,
Fed.
distribution
special
A
York
completed May 16 011 the Stock Exchange a special of¬
fering of 4,000 shares of common stock (no par) at $19V4
per share, with a commission to dealers of 50 cents a
share.
The offering was oversubscribed in 15 minutes.
Allotments were made on a basis of 81%. The largest
2,000
Sills, Minton & Co., Inc.—
■
deductions
Income
• , : •
•
the corporation acquired all of
1929
2,000
2,000
2,000
$605,986
___
shares
Gardner-Denver Co.—Special
,
—
if the corporation.
that
the capital stock of A. & J.
Manufacturing Co.
(N. Y.);, having a factory and principal office
located at Bingham ton, N, Y.
At the time of its acquisition, A. & J.
Manufacturing Co. was one of the largest manufacturers in the United
States of household kitchen utensils, such as can openers, cake turners,
basting spoons, spatulas, egg beaters, etc., specializing in chain store
distribution.
The business of this company was continued at Binghamton, N. Y., until 1931, when a large addition to the corporation's
Chicago plant was completed which was adequate to house such busi¬
ness.
Since 1931 the corporation has operated the business formerly
conducted by A. & J. Manufacturing Co. as a division of the corpo¬
In
St
Inc.
Newhard, Cook & Co.—
Schwabacher & Co._——
28,'45
__________
income
the dividend declared will be applicable
to be distributed to stockholders on
Thu3,
133,762
1944.
New
comriion
profit
Total
■r'
purpose of
for the
1927.
Space
Lane,
291,526
expenses
Other Income
>
„
better enabling it to serve the Eastern
market, the corporation acquired all of the common stock of August
Maag Co. (Md.), having its principal office and place of business at
Baltimore, Md., and engaged in the manufacture of baking pans for
commercial and institutional use,
In 1929 a new plant, containing
approximately 50,000 square feet of floor area, was built in Baltimore,
to house the manufacturing operations of
the Maryland subsidiary,
and
in
1931 an addition of approximately 22,000 square feet was
added.
The name of the Maryland subsidiary has since been changed
In
sold
goods
1945.
by due bills.—V.
Co.,
Co., Inc.
Mason-Hagan,
2,329,154
authorized a distribution of
additional share for each four shares
directed that common
stock be not quoted
ex
said distribution until further notice;, and
that all certificates delivered after May 21, 1945, must be accompanied
$3,226,666 $19,531,101
ministrative
and distribution of
for
of
one
The present stock had been receiving 35 cents per share
1945.
The
Selling, general and ad¬
During the
ration's
Feb
etc.
15,
additional
30,
Sept.
sales, less discts.,
returns,
executive officer.
has been the principal
1916,
Johnson,
2 Mos. End.
Gross
the basis of
issued in lien of fractional shares.
meeting, the directors declared a dividend of 40c pep
common
stock payable on June 30, 1945 to holders of
be
each -quarter.
6,000
■'
the dir^tors
held May 9,
on
the
June
the
to
2,000
—_
&
Evans
Weinress
Consolidated
when Edward Katzinger established a small tin
located at Halsted Street near Washington Boulevard,
1888,
Cost
——
A.
6,000
—
&
25% Stock Distribu¬
Inc,2,000'
.
6,000
Curtis
Shields
(kitchen cutlery), and "Tru-Spot" (flashlight cases).
The inception of
the present business of company
Clement
Webber, Jackson &
Paine,
products
Pancoast
6,000
6,000
6,000
6,000
6,000
6,000
W.
is located
corporation
the
New-
same
on
record
2,000
2,000
& Co,—,
Robertson &
Dewar,
will
June 8,
2,000
Co
stock
the
At
share
4,000
—
Dempsey
Dillon & Co.—_
Hall & Co. (Inc.)Hornblower & Weeks
North Cicero Avenue, Chicago
of
ridge &
6,000
Harris,
Centre Street.,
1945. Information
Beaver Street,
45
,
meeting
a
Scrip
4,000
Co
Boyce
&
Bros.
Whipple & Co._J„
Bosworth, Char.ute, Lough-
6,000
Eastman,
in the manufacture
Additional Special
60
The stock will be issued on June 8 to stockholders of
record M&y 21, 1945.
This stock distribution is subject to the issu¬
ance
of a
permit under the Corporate Securities Act of California.
4,000
Bacon,
6,000
—
v
Food Machinery Corp.—To Make
At
4,000
Cp.--——.-
Milwaukee
The
12,500
—.
H. Davis & Co.——
Paul
and its subsidiaries are primarily
and sale of kitchen tinware, bakers' tin¬
kitchen tools, cutlery and flashlight cases.
The principal office
ware,
Inc.
Allyn & Co., Inc
H. M. Byllesby & Co.
Registrars for
Chicago, and
Lemon & Co
McDonald
Stein
C.
Co.,
Trust
Manufacturers
the
at
and
outstanding.
4,000
Si
Johnston,
Co.,
and
Webster
&
Blodget,
A.
Business —Company
and
History
engaged
&
of premises
Avenue
Bids of less than $615,000 will not be considered.—V. 168,
2251,
common
4,000
4,000
Inc.
Co
Boettcher
Goldman, Sachs & Co.— 12,500
Si Trust Co.,
Continental
are
?
4,000
Bateman, Eichler & Co
12,500
Kidder, Peabody & Co.—- 12,500
Smith, Barney & Co
12,500
and the
Transfer
common
Ames, Emerfcn & Co.,
12,500
__
Stone
3,500
& Sons_—
Brown
Alex,
12,500
___
Ripley
Harriman
the 57-year-old com¬
has ever been made available to the general public.
agents for both the cumulative preferred stock
pany
——
Boston Corp
Inc.
p.
Underwriters of Common Stock
!,V... ■ v.--'"VShares
V/;:: --s'.v; Shares
Blyth & Co., Inc
First
share, and 240,000
shares ($5 par) common stock at $24.50 per share. The
offering does not represent financing by the company.
3.500
___
trustee, is requesting
known »s 51 Fifth
Street, New York
successor
as
alL cash
Fifth
corner
tion—Increased Stock to-Receive Larger Cash Dividend
Securities Corp—26,500
Union
4V2% Series ($100 par) at $107.50 per
This
■
obtainable
York City.
3,500
1
Y.
3,500
—
Blodget, Inc.
Co.,
-
<0/
ing
3,500
—
&
Ripley
Harriman
underwrit¬
Offered—An
3,500
Boston Corp.
First
the System inputs of any
periods.—V. 161, p. 2107.
Co.—Stocks
Products
Ekco
Shares
Kidder, Peabody & Co
Smith Barney & Co._.
Stone & Webster and
8,664
Inc.-
& Co.,
Blyth
City.
is
for
sale
the
12th
Bids must be delivered to the Clerk of the
for Trust Mortgages, County Court House,
City, at or before 12 o'clock noon on June 4,
Term
N.
for
southeast
Avenue,
Stock
Preferred
of
Shares
Securities Corp
Union
not include
do
figures
above
companies not appearing in both
common
bids
sealed
Co.,
Trust
Manufacturers
The
the several underwriters of the 29,664
stock, 4,/2% series, and of the 240,000
stock, and the several amounts to be purchased by
respectively, are as follows:
underwriter,
(51 Fifth Ave.
Apartment Building
Avenue
Corp.), N. Y. City.—Bids Sought for Property—
1
cumulative preferred
of
shares of
each
■'
v
'
Underwriters—The names of
shares
%
Amt.
16,578
5,043
" 4,439
1944
1
Fifth
51
of the corporation and
1945) was reduced to
$3,892,409.
—Increase—
Operating Subsidiaries of—
American Power & Light
Co.——
subsidiaries
its
System inputs of client
operating companies of Ebasco Services, Inc., which are subsidiaries
of American Power Si Light Co., Electric Power Si Light Corp. and
National Power & Light Co., as compared with the corresponding week
during 1944, were as follows (in thousands of kilowatt-hours):
week
the
the consolidated earned surplus
($7,165,733 as of Feb, 28,
eliminated and
Inc.—Weekly Input—
Ebasco Services,
For
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2218
St., New York City.—V.
161, p. 2108.
Volume
Number 4387
161
General Telephone
Corp.
3 Mos. End. Mar. 31
*•
.
Prov.
for
Traffic
&
normal
Federal
excess
4,221,589
1,995,097
9,011,449
amortiz._,_
_•
&
surtaxes
389,970
tax—net—
profits
deductions
interest
Amortiz.
debt
$1,053,492
40,271
disct.
to
pfd.
on
Minority
stocks
sub.__
of
interest
Crl,341
292,955
Wm.
956
921
May
$412,023
109,375
income
109,375
Divs.
on
pld. stock
'Equivalent to reduction
in
Federal
1944
income and
"
excess
-
what
March
it
repay
April
Week Ended May 7
1945,
well
the
the
Operating
Period—
$806,796
$44,400
$40,025
revenues
Jan.
—V.
$823,535
31,
of
contracts
the
orders
$779,135
lirst
New
Holders
will
sales
2108.
p.
the
of
months
making
the
year)
(using
of
$0.76
has
been
$2,867,535.
As
of
May
1,
the
same
unfilled
•'
March
•••;''
'
•
after
earnings
volume
Sales
to
*
Consolidated Income Account for Years Ended
,
'/•
;•
..
.
from
of
1943
•
?
(&
Counsel,
143,645
securities,
79,071
—
1944
$424,000
NOTE-—Far
Depreciation
.
_
Interest paid____-
for
•Provision
profits
excess
and
taxes
refund
Post-war
1
_
——:
S.
U.
the .close
will
Boston,
160,
of
income
and
S.
and
foreign
$0.28
May
Mass.,
Company
close
the
$2,25
each
_—
600,000
.—-
$3,888,715
; 1,407,255
dividends————,———
1,998,769
j 1,399,138
income
Dividends
Common
Net
$3,488,182
1,412,255
exchange
foreign
on
for
385,920
adjustments—
Provision for contingencies-.—.
Net
*•
543,881
3Q0,000
for
and
—•
year—
preference stock,
Earnings per common share
$1.04
$1.24
—____——_
and
$2,970,625 in
shares
5.7
21,
1945,
act
the
sole
as
Second
transfer
National
agent
The
Sheet,
Dec.
31, 1944
;
and
/
•
taxes
3,791,613
2,965,793
$1,708,351
740,376
740,376
$1.95
$1.98
:__2;
share__
all
prepaid
$1,755,663;
$29,070,
expenses,
goodwill,
and
trademarks
$10,232,955, $29,813,121; assets and related liabilities
in foreign countries, $6,578,296; total, $36,393,417.
patents,
1945
1944
$9,778,421
reserves
dividend convertible preference stock
(281,451 shares
without par value), $2,110,882; common stock (1,998,769 shares with¬
out par value), $1,998,769; capital surplus, $15,229,622; earned surplus,
Oper.
and
$7,589,152; total, $36,393,417.—V. 161, p. 1772.
Gleaner Harvester
Income from
Other
1
.
■
,
1945—12 Mos.—1944
$2,643,876 $10,781,622
1,224,260
1,128,777
5,062,637
stock
of
of
was
scheduled
the
for
York
New
admission
change at the opening of business on May
to
Interest
Curb
dealings
said
on
18.—V. 161, p. 767.
Ex¬
161,
$1,543,391
$6,151,028
$5,529,364
85,298
327,280
5,774
408,520
6,150
383,114
,
and
of
debt/ dis-
and
count
expense—
Depreciation
deplete
&
retired
Property
-
and
23,597
53,603
409,805
297,925
1,005,835
$800,445
profit
income
$717,302
$2,532,801
normal
sents
for
income
tax
deducted
based
tax
on
in
the
profits tax is indicated to
excess
convertible
•Net
the
above
prevailing
be
due
for
$2,437,389
statement
rates.
the
No
period
Net
I
profit
Earnings
<•
—___222,738
share
/
$2.27
common
per
15505,842
Feb. 26, '44 Feb. 28, '43
t$414,549
$385,187
222,738
$1.73
222,738
$1.86
depreciation, etc. (and after a reserve for war and
post-war contingencies of $100,000 in both 1945 and 1944).
tAter
all
taxes,
States
Sales
for
same
Sales
—V.
—_
—
161, p.
,
,
1945—8 Wks.—1944$7,329,227
$6,863,731
1772.
Granite City Steel Co.—Pays Bank Debt—To Expand
\
*
•
■
-
-
arrangements to pay off its entire
President,, announced at the annual
stockholders' meeting.
With this payment the only outstanding indetbedness will be a $1,000,000 V-T loan which is considered necessary
The
at
company
has
made
final
debt, Hay ward Niedringhaus,
bank
present.
Mr.
tract
.
Niedringhaus also stated that
with Mesta Machine Co. for a
its
ability
to
will
double
Is
large demand.—V.
a
produce
the
company
has closed a con¬
4-stand tandem cold mill which
cold rolled sheets, for which there
were
(76%
15%
in
of
excess
period a year ago.
A- for the respective quarters of
In
which
of
only
subject
made
to
normal
represent
those
1
products
billed
for
the
and
1944
'
difficult
are
-
,
for the first quarter of 1944
rates of Federal income taxation
"
:
In the
1944 first quarter earnings were charged with
$250,000 set aside as an addition to reserve, for contingencies and
$28,972-representing markdown of the company's interest in The English
Textilose Manufacturing Co., Ltd., whereas no similar charges have
been made against earnings in the 1945 quarter.
In the third place, there has been deducted from 1945 first quarter
earnings the estimate^ pro rata contribution which the company will
make to the profit sharing plan and trust agreement which has not
.
fully
been
yet
stockholders.-
approved by various Federal agencies or the
No
such
charge
was
made
against
1944
common
first
quarter
earnings.
first
quarter earnings in 1944 had been similarly computed, they
instead of $116,444.
hand, chiefly for war production, are in excess of those
a year ago and at the close of the year
1944.
would have been $144,302
Guardian
Life
Insurance
Co. of America—War-Time
Orders
on
Restrictions Eliminated—
Policies
risks
was
announced by
hereafter issued
rider except to male
on
new
policies issued to most
this company
civilians will
Consolidated
on May 10.
be without war or aviation
Balance
Sheet,
United
States
Assets—Cash,- $676,382;
ligations,
$163,133),
$2,692,348;
$1,720,781;
March
and
31, 15)45
under
dividend,
stock
Trust
(estimated
perpetual
a
companies
Ind;,
of
all
commercial
its
in
at
payable Aug.
will
Co.
have
15,
benefit
the
Registrars-Guaranty
$1,424,032)
will
incorporated
was
charter.
St.
which
be
applied
to
Company
Louis
had
and
been
in
one
Feb.
on
13, ;1929,
busi¬
acquired
business
for
the
located
company
many
in
years.
primarily engaged in the manufacture
and refrigerator display cases, while one
were
refrigerators
of
St.
grinders and. coffee
divided
commercial
Louis
plant
of
amount
the
the
of
for
has manufactured
the
Government and agencies thereof a
refrigerators and refrigeration.
A sub¬
equipment varies only silghtly from similar
commercial
manufacturing
subcontractor
a
ammunition
as
operations
the
boxes
have
amounted
total
approximately
sales
in
1942,
civilian
The
use.
material
no
previously
change
conducted.
In
company has manufactured various
and parts for airplane manufacturers.
past three years sales by
agencies
the company to the Government and
to
approximately
approximately
$5,786,000 or
73%
$7,941,000
$5,254,000
in
85 %
or
81V2%
or
in
of
1943
1944.
Canadian
'
'
(no
shares
warrants
stock
(no
par)
of
Outstanding
50,000 shs.
the
stock
common
30,000 shs.
"250,000 shs,
par)
tl72,336y2 shs.
are
reserved
exercise
for
of
accompanying the $2.25 cumulative preferred stock, and
being
registered;
3,189
treasury.
10,233 shares
shares
of
of
stock
common
stock
common
reserved
held
are
for
are
in
the
conversion
of
outstanding preferred stock, series'of 1936, will be released from such
reservation upon redemption of the preferred
stock, series of *1936.
{Including 1,313 shares of common stock held by the company for
resale
or
any
other
Loans—Current
at
proper
corporate
rate
of
7/8
of
1%
per
$200,000
was
is
annum
equal par value of United States
is
i
purpose.
loans
(payable within 12 months) from banks on
1944, totaled $1,200,000 of which $1,000,000 on which interest
Dec. 31,
unsecured and
being
7/«%
paid
certificates
secured
was
of
by
indebtedness
which interest rate of
on
l3/4%
an
and
per annum
being paid.
Common
'
'Stock
Purchase
Warrants—The
common
stock
purchase
provide for the purchase, at $18 per share, of an aggre¬
shares of common stock.
They will be dated as of
15," 1945, and may be exercised at any time to and including
15, 1950. Initially they will be registered in the names of the
warrants will
gate
of
May
May
several
stock,
30,000
purchasers
and
each
of
the
30,000
certificate
for
shares
shares
of
of
$2.25
cumulative
such
stock
will
preferred
be
accom¬
panied by a warrant registered in the same name as said (certificate,
for the purchase of an equal number of shares of common stock.
If
or
as
price
of
in
shares of
any
a
per
the
(1)
which
share
shares
same
at
of
have
of
class
which
and
to
the
the
holder
as
the
issued
of
of
stock
$18
(2)
been
shares
shall,
prior
to
the
exercise
in subdivision of shares of
common
relation
172.336'/2
shall
subdivision
stock
common
have been issued
dividend upon any
warrant,
ob¬
reserve
preferred
stock
•30,000
of
$363,073;
($27,409)
give effect to present financing)
Authorized
cumul.
Common
bear
and accounts receivable (after
inventories, $2,460,023; other assets,
notes
York
New
of these companies
purchase
,
applicants ages 15 to 29, inclusive and applicants
on
>
Elimination of war-time restrictions from
classes of
hand
initial
Preferred
Of customers' instalment notes from dealers
handling its products.
In connection with the war
effort, the
the excess profits tax brackets during that
Ay.;.
rata, basis.
second place,
1951,
related
of* three
Ligonier,
$2.25
'•
whereas for the
1945 quarter .with the expectation that
earnings for the full year will be subject to the higher rates,; both
normal and excess profits taxes have been charged against earnings
pro
15,
York.
proceeds
(adjusted to
period),
a
beforo
or
May
at
an
Delaware
its
stockholders,
.
1945
for three reasons.
first place, earnings reported
the
on
1948;
at
New
and
1942
.,
Earnings
If
160, p. 2646.
months
three
of comparison
on
Its Capacity—
first
The
share.
$72,703
1
Services)
War
and
after
of
dividend
15,
$529,895;
estimated $500,000, for the cost of land, buildings,
items, to be expended in expansion of manu¬
facturing facilities as soon as permitted;' and to add the balance to
working capital.
In
liability
shown.—
1943
.■1
(the company not being in
.
1945—Wks.—1944
$3,677,039
$3,480,186
Period End. Apr. 30—
•
the
for
the
were
J April Sales Rise—
V
'1
*
1948,
redeemed
option
any
the
items such
repre¬
$98,519
Richard
Mar. 3, '45
if
at
on
May
Capitalization
1944
$116,444
provision for all charges, taxes and reserves.
N.
Greenwood,
President, in letter to the
•After
Shares outstanding
1945
$146,686
profit
15,
May
share
issue.
Agent—The
of
the
Quarters End. Mar. 31—
and 5 %
Grand Union Co.—EarningsYears Ended—
of
per
Heywood-Wakefield Co.—Earnings—
York, has been appointed transfer
and 5 % cumulative preferred class A
preferred stocks.—See also V. 161, p. 2109.
shares
type
addition, as
1991.
p.
after
per
notice,
before
or
stantial portion of such
equipment normally manufactured and sold for
production of war contracts has, therefore, made
276,515
901,485
'
Graham-Paige Motors Corp.—Transfer Agent—
The Manufacturers Trust Co., New
date
and
161,
days'
on
company for funds set aside or used to redeem all the
of preferred stock, series of 1936, now outstanding at
share and accrued dividends, estimated to require
per
in
V.
agent for the common
of
to; provide,
large
:/7A
113,440
Note—Federal
1998.
$53
at
1,540,747
1,851,711
348,760
taxes (est.)
inc.
30
redeemed
company
25,101
.
:
1
abandoned
Federal
348,128
■
-
Vice-President, has been named Assistant to the
p.
bonds
time to and including
is 'redeemable
mills. The principal
into three, main parts:. (1)
the
refrigerators, commercial refrigeration,
and allied equipment used
primarily in the retail merchandising and
preservation of perishable foods by food stores, hotels, restaurants,
hospitals, schools, institutions, and by the Government and agencies
thereof .(constituting over 94% of sales
volume)., (2) The manufacture
of
meat
choppers and coffee mills which are used by retail food
stores (constituting less than 6% of sales
volume). (3) The purchase
401,340
$1,757,020
int.,
depletion
if
Company manufactured meat
business of the company is
$5,128,024
432,043
for
&
on
Amortiz.
Glidden Co., Cleveland—Official Promoted—
Dwight F. Joyce,
$5,718,985
28,292
■>.
notes
■:
Net
President.—V.
$1,515,099
58,601
80,081
avail/
deprec.
Corp.—Listing—.
Governors
from
be $0.52 J/2
equipment
of
4,607,819
$1,698,419
opers—
least
at
on
share
redeemed
Co,
Three
$9,735,843
ex¬
income____—__
at any
stock
equal to $22,500 in 1946 and, in each year after
to the greater of: (1) $1 per share with respect to the greatest
nesses
;
«
Exchange -at a
meeting held on April 18 approved the listing on the Exchange of
300,000 outstanding shares of the common $2.50 par value/ stock of
Gleaner Harvester Corp., subject to the registration with the Securities
and Exchange Commission under the Securities and Exchange Act of
1934, becoming effective in due course.
Board
This
$2,922,679
taxes____
part,
per
$52.50
manufacture
Amt.
The
general
incl.
pense,
share
per
preferred
9,870'shares
in
„
$5
$900,000;
$18
History and Business—Company
Texas—Earnings—
1945—3 Mos.—1944
from opers.
earns,
at
if
reimburse
company in exchange for a preferred/stock
plus annual service fees.—V. 161, p. 2110.
(Including Houston Pipe Line Co.)
Gross
stock
or
Purpose—Net
the Mexican
Period End. Mar. 31—
payable, $850,802; accrued liabilities, $188,1547
dividends payable on preference and common stock, $751,568; reserve
for
income
and
other
taxes,
$6,774,467;
reserve
for contingencies,
Liabilities—Accounts
common
before
Transfer
corporatiqn has concluded
Houston Oil Co. of
.
the
at
will
Trust
a working agreement with Fabrica de
Hule-Eureka, S. A.^ a large manufacturer of mechanical,
rubber products in Mexico, it was announced on May 10.. Under thp
agreement Hewitt will suppjy mechanical equipment and technical
and
and
of
sinking fund
a
1946,
Hewitt Rubber Corp.—Mexican Working Agreement—
knowledge to
per
(CWT)
m.
1951;
or
number
Artefactos de
interest in Eureka,
$51
any time
outstanding, or (2) the amount by
10% of the consolidated net income for the preceding calendar
shall exceed the dividends paid on the $2.25 cumulative preferred
stock during said preceding calendar year.
$11,110,333
profits taxes, $768,170; mortgage receivable, $35,000; fixed
(after reserves for depreciation and obsolescence of $2,027,299),
at
cumulative
share
15,
on
1945,
of
excess
assets
p.
$2.25
cumulative
$53.50
cumulative
161, p. 1426. "
The
held,
at
share
warrant for
share,
The
year
April 30—
Quarters Ended
—V.
stock
common
recor'd
of
one
whicn
Sales
Assets—Assets in the United States
U. S.
taxes
stock
common
May 15, 1954; and at $52 per share if redeemed
after
May 15, 1954; plus accrued dividends in each case, Dividends
payable quarterly on Feb. 15, May 15, Aug. 15, and Nov. 15, and uro
Quarterly Sales-Up 13.6%-
.Vi:;'.'/';*"'
(including cash in banks and on
hand), $2,716,876; U. S. Govt, securities at cost (market, $9,850,439),
$9,842,309; notes and accounts receivable (after reserves of $51,500),
$1,992,068; inventories, $1,943,010; estimated tax refund from U. S.
Govt, on
account of 1941
war
losses,- $500,000; post-war refund
of
income
its
1950.
per
and
of
right to subscribe to
sock and accompanying
stockholders.
These
rights
on May 21, 1945.
preferred stock will be accompanied
warrant entitling the holder thereof to purchase ono
5:00
of
$2.25
at
May
4,674,144
$1,689,462
per
■
Balance
profits
State
Offered—
agreed to purchase, the entire 30,000 shares of $2.25
with accompanying warrants, subject to
common
15,
$53
1944
at
share
of
May
date
profit
Earnings
1943.
Consolidated
of
detachable
a
share
said
%
1945
Stock
the
10,
preferred
expire
by
Bank
for
5,481,075
and
holders
to
May
preferred stock
subscription rights of
Each
f
shares
'
'
Federal
Common
•Including provision for U. S. excess profits taxes of $4,327,200 in
1944
offering
business
cumulative
will
charges.
for
not always
alphabetical
alphabetical
near
Co.—Preferred
-
the
$44,857,281 $40,544,947
excess
countries
is
of
underwriters have
on May
19, 1945, the New York
stock was discontinued. .Effective,
Years Ended Jan. 31—
Prov.
is
exact
as
placed on the market
May 10 30,000 shares of $2,25 cumulative preferred stock
(no par), subject to prior subscription rights of common
stockholders. The stock was priced at $51 a share.
the
Co.—Earnings-
after
in
always
are
it
reasons
companies
Hussmann-Ligonier
1943
2646,
p.
mechanical
arrange
W. E. Hutton & Co, and associates
$0.36
Sales
Net
Cr512,513
Cr672,408
in foreign
against earnings
*i ; f
7,054,780
excess
profits taxesi—ii
Provision
v
8,794,356
■-——
._
U.
Ilecht
365,365
7,277
354,974
3,056
——-—
foreign
to
However, they
position as possible,
$525,700
$0.27
business
$13,354,614 $11,246,971
—
1427.
order.
vl •'
1945
common
Boston,
1943 between Huyler's
Huyler's proposes to file
closing agreement on the ground of sub¬
applicable tax law which, in the opinion of
have affected the amount of such invested
new
the
in
161, p.
possible
company,
income
Total
a
iavorably
may
capital.—V.
Subs.)—Earns.
$405,500
.
of
stock.—V.
37,500
$267,256
*437 987
'
Co.
share_-____
of
.
(interest, royalties, profit on sale
for
changes
sequent
period
Govern¬
•' v
'
City transfer agent .for the
at the opening of business
$13,210,969 $11,167,900
operations
application
an'
/
(est.)-^
at
•147,955
:r
$260,580'
excess profits taxes, allocated to* this
This $60,455 is based upon a Federal excess profits tax credit
on
the basis of equity invested capital in an amount de¬
and
of
shares—$0.65
Refractories
per. common
Effective
203,171
[.
—_____—
cumulative
Dec. 31
1944
..
Profit
Other income
contingencies
1944
$507,927
termined by a closing agreement entered into in
the Commissioner of Internal Revenue,
the
Harvard Brewing Co.—Transfer Agent-
;
.
1945
276,355
•Including $60,455 for Federal
depreciation, depletion, State and Federal income and excess
profits taxes.
tOn 1,334,995 shares of common stpck.—V. 160, p. 2072.
1944, the increase being largely due
again expanded in
greater military demand.
31—
computed
•After
Gillette Safety Razor Co.—Annual Report—
161,
$22,167,000
common
1772.
Quarters Ended March 31—
{Earnings
surplus
$684,890
for
period.
provision of $800,000 for renegotiation- and
a
161, p.
' Y
.
March
income
1945
1,
—
675,000
on
and
earned
$10,761,718.—V,
to
for Seven Months Ended
share
taxes
'i.
.
•Net
'
✓
Months Ended
Net
additional
awarded
In
1945,
total,
,
profit
*
company
$1,145,137;
1936,
Reserve
yard?
for
each
on
31,
$544,910;
1937,
normal Federal income taxes.
$24,*
a
as
income
net
to
1,
Reserve for
fiscal "year
which -ends
and excess profits
equivalent
,
Dec.
at
Jan.
on
Huyler's—Earnings12
Net
February,
total
a
since
taxes,
taxes
„
income
refunds
fiscal
of
$648,919;
accrued
Canadian
year.
Harbison-Walker
trustee, 11 Broad Street, New York, N. Y.
receive the full redemption price, plus accrued interest
may
1943
_____________
per
After
•
York,
161,
the
and
1427.
$12,825,642, as compared with $9,983,700
As of May 1; 1945, the company also had
letters of contract representing additional
production has already
been
scheduled.
contingencies.—V.
made
be
cumulative
$42,000;
000;-surplus unciassiried
the first
stock, on
common
income
Co.—Calls 5% Bonds—
July 1, 1945, upon presentation and surrender of said bonds at any
time.—V.
for
reserve for
5%
.
for Federal
aggregating
amounted
which
on
Net
*
for redemption on July 1, 1945, all of its
5c/c gold bonds due 1978 at 103 Vz and
at The Chase National Bank of the
called
mortgage
Payment
City of
to
has
company
outstanding
interest.
the
_
&^:Light
274;
war
accumulated
,
Georgia Power
the
by
.
$10,066,815,
$991,581.
time last
same
Earnings
The
agreement,
$529,478; Federal
policies "then
to all
payable,
profit
sharing plan and
payrolls and commissions,
income—estimated, $1,864,contingencies, $1,000,000; Series B, 1st preferred stock,
(par $25), $3,487,000; common stock (par $25), $1,500,-
trust
approximately $9,000,000 in
1944
$766,771
affected
Liabilities—Accounts
'
conditions
accompanying
on
renegotiation
the
1945,
Earnings
1945
$175,363
share
months
possible
totaled
Net
21C9.
p.
1944
$174,300
revenues
161,
to
eight
contracts
-
1945
Operating
most
letter
a
Sales
provision
for
experience
Jan. 1 to April 30
Ended April 30
9 Days
began,
,?
,
Since
at
1944
in
months period was $512,204,
675,000 shares outstanding."
ment
1945
be
restrictions
161, p. 463.
per
eight
Jan. 1 to May 7
-
II
foreign military service and
travel.
Because it was im¬
would
entirely.
first
After
as
terminations
1944
1945
War
to
apply the
amounted
the
for
as
stick
•"
RR.—Earnings—
Period—
World
as
Co.—May Pay Loan—Sales, etc.—
Government
Florida
buildings, machinery, etc. (after reserve for depreciation of,
$2,543,923), $2,762,869; good will and patents, $1; prepaid insurance,
taxes, etc., $86,240; total, $10,761,718.
*
31,
.
or
and
126,753
resulting from refunding oi bonds in 1944, credited to unamortized
debt discount and expense.-r-V. 160, p. 2071.
&
clases
to
necessary
.
Jan.
reduction
tax
Georgia
since
Halligan, President,
dividend of 10 cents
in paft:
taxes
437,500
profits
issued
said
Aug. 31,
Net
land,
1945, the company has repaid the banks $1,000,000
on its $3,000,000 Regulation. V
Loan;, on the loan's three month anni*
versary, June
15, 1945, it expects to effect an additional $1,000,000
$1,764,181
,
15,
Since
3,366
$450,977
__
J.
quarterly
809,650
27,745
determine
was
Hallicrafters
101,371
Cr6,979
202,370
constr.__
policies
2219
p.
<;
22,729
Cr2,085
expense—net
charged
8,878
In
being issued, the company states.—V.
1,465,804
13,888
premium
to
hazards it
$4,294,460
d43,179
362,040
±
__
debt
of
possible
-3,438,160
845,541
344,665
1,002
__
aviation
account
and^ foreign
1,532,632
$1,064,727
44,113
(net/
exists
have necessitated certain restrictionscertain
types of aviation
2,340,947
1,088,074
\ 71,640
.
■
long-term
on
General
Divs.
568,667
390,447
1,199,120
income
_____________
Interest
and
590,155
"
_
operating. income___i._______
Misc.
Int.
1,052,486
unrestricted.
4,37.7,404
1,045,728
expenses—* 2,319,324
taxes
Federal
Net
1,024,546
hazard
experience or probable
or foreign travel.
conjunction with this announcement the company issued a state-pointing out that life insurance coverage traditionally has been
In
ment
♦
$7,244,449 $30,062,182
1,101,255
&
oper*
General
Mar. 31, '45
special
military service
12 Mos. End.
3944
$7,710,289
_____——
__
depr.
♦Charge
1945
,
revenues
Maintenance
where
(& Subs.)—Earnings—
Period—
Operating
THE COMMERCIAL & FINANCIAL CHRONICLE
shall
company's
thereof
be
shall
the
of
common
be
amount
this
stocTk
stock,
capital
the
entitled
which
to
shall
172,336V2 shall bear to the aggregate
number
prior
common
to
of
shares
the
stock
of
exercise
and
the
common
of
the
numSer
stock
warranto'
of shares
issued
so
dividends
as
the
of
name
W.
E.
I.
& Co
Simon
M.
10
Gardner—
&
%
%
%■
Stein Bros. & Boyce
%
Stix
10
—
&
Co
sales
$7,931,303
—
6,549,232
376,949
sold_v
& admin, expenses—
for credit losses—
Cost of goods
Selling,
gen.
Provision
profit
Gross
$6,453,053
6,008,960
340,844
499,657
Total
for
33,146
$78,981
Dr 15,703
58,068
$994,986
Federal
of
Amount
402,944
profits
excess
dividends
Preferred
161,
27,143
(Stated for convenience In terms of
taxes
income
27,842
taxes
5,626,067
2,467,261
Total
318,885
Preferred
193,500
1,349,152
972,324
764,000
$519,143
$2,085,128
Dr54
surplus
180,225
*g-
—*
$2,088,026
707,473
$338,864
60,587
483,475
for
available
—
end
surplus
eonsol.
in
Earnings
$81,498,020 $79,397,502 $79,066,645
stock
$1,087,103
$278,277
$0.62
—
Mar. 31, '45 Dec. 31, '44
Stockholders
that "it would be against the best
and risk reorganiza¬
enough to put our
later
"the resumption of dividends depends (a) whether
be good, (b) readjustments for post-war busi¬
ness conditions, (c)
reduction in excess profit taxes, and (d) plans for
refunding the bond maturities of the early 1950s, which plans are now
being actively developed.
"
Mr. Johnston said,
continued
business
to
and
could
meeting, Robert E. Connelly, Vice-President
Treasurer, said it was doubtful whether this refunding operation
be carried out within a year.—V. 161, p. 1999.
the
Following
Indiana Associated
securities ^__^_g^
598,068
due 1945-50_____™______
20,000,000
portion of excess profits taxes (est.)
1,300,000
Charges to future operations
298,012
Property account (net)
.
131.396,152
$194,749
$616,663
Liabilities—
595
600
Operating revenuesOperating expenses
$198,654
$194,549
$616,069
111,947
363,364
for
of
lease
Net
50
50
150
150
42,705
48,684
148,087
$28,833
$33,868
$104,468
;
surplus
Earned surplus
Exchange adjustments in
Capital
18,634
60,405
72,603
1772.
Morrow has been elected
a
1945
$896,696
bond
&
1945
S.
146,700
40,185
116,800
155,000
101,500
48,181
;
276,601
275,775
Net
deplet.
$342,352
$463,110
$535,741
$467,446
Capital stock outstand.
Earnings per share—
1.181,967
1,181,967
1,181,967
1,181,967
$0.29
$0.39
$0.45
$0.40
depreciation
"Includes
amortization
Note—Present
for
of
(& Subs.)—Earnings—
Interchemical Corp.
after
1944
1943
$11,484,657
$7,191,374
$7,179,838
$8,237,576
Cost,
exps.
10,737.840
6,751,252
6,639,902
7,415,939
1945
•
allowances
discount
and
and
deprec.
income
$440,122
$539,936
$821,636
32,100
26,041
$472,223
$800,120
taxes
stock
.
1232,000
.
C
$293,558
i
-J
■
Earnings
per
$565,977
tlncludes Federal
t325,000
in
refund
1945,
and
1945,
$240,977
29U.320
$0.49
$0.64
$4,300
$72,000 in
in
in
1944
1944,
1944,
$0.49
$0.56
for
and
credit
$20,000 in 1943 for post-war
for debt retirement): $198,000 in
and $180,000 in
$5
no
on
bonds
agreed that dividends
has
of
March
1945
31,
receivables,
for
$18,291;
investments,
other
securities purchased, $2,770;
warrants
$1,683,070; total, $3,896,506.
are
Stock Approved—
Joy Manufacturing Co.—Sale of
of unissued common stock of the company
The sale of 30,000 shares
and the American International Corp. at $24.50
approved May 7 by the Securities and Exchange Commis¬
Adams Express Co.
to
unit
a
was
sion.
the proceeds
With
and part of a proposed $5,000,000 loan,
the Joy
plans to purchase 51 to 70% of the capital stock of the Sulli¬
Co.
Joy will purchase from Adams all the capital
stock of Sullivan purchased by Adams from stockholders of Sullivan
concern
Machinery
van
to tender such stock at $31.50 a
pursuant to an invitation
share plus
dividends.
•
accompanying ruling, the SEC likewise approved the sale to
shares of Sullivan stock held by directors, officers and
employees of Sullivan at $31.50 a share plus accrued dividends.
In
an
11,476
both cases concluded that "the proposed trans¬
of Section 17 (b) and should be exempted
17(a) of the Investment Company Act.
The SEC's opinions in
the standards
meet
actions
provisions of Section
—V. 161, p. 1882.
from
the
Gulf Ry.—Offering of Bonds—
&
Oklahoma
Kansas
made in our issue of May 14
of the offering
$4,400,000 first mortgage bonds, 3%%
and interest by Halsey Stuart &
associates.
Further details follow:
Series 1980 at
Co., Inc., and
Mention
was
of
100 Mj
interest (May 1 and Nov. 1) payable at office of
Definitive bonds in coupon form in denomina¬
registerable as to principal only.
Redeemable on at
least 30 days' published notice in whole at any time and in part on
any interest date at option of company, and in part through operation
of the sinking fund on Nov. 1 1n each year commencing with Nov. 1,
1946, at principal amount thereof plus premiums, the initial redemp¬
and
Principal
in Philadelphia,
trustee
of
tion
tion
$1,000,
respectively, plus accrued
1 Vz %,
and
4%%
being
premiums
'
interest.
'
/
1
-*
<
mortgage will provide for a minimum annual sinking fund In
each of the years 1946 to 1979, inclusive, equal to 114% of the total
amount of bonds theretofore ^issued;
such sinking fund is contingent
earnings
upon
added
be
to
from
on
and any deficiency resulting from insufficient earnings
to the minimum requirement for the next year and
to year.
year
sale
and
subject to
authorization by the Interstate Com¬
Commission.
together with funds to be provided
Purpose—Net proceeds
from the
company's treasury will be applied to the redemption on July 1, 1945,
104, plus interest, of the company's $4,450,000 first mortgage gold
bonds, 5% series 1978.
Company will also deliver to Gerard Trust
Co., trustee, for cancellation $324,000 of 5% series 1978 bonds now
held in treasury with the resultant retirement of all the 5%
series
at
1978
bonds.
'
;
,
organized under the laws of the State of
Company passed through receivership in
the U. S. District Court for the Eastern District of Oklahoma in the
period from June 1924 to May 1926.
Through the period of receiver¬
ship and shortly thereafter, more than 95% of the capital stock of
the company was acquired and is now owned by the Muskogee Co.
Company owns a line of
railroad from Military Junction, Kan.
(5.9 miles north of Baxter Springs, Kansas)
to the Oklahoma-Texas
State line and
controls through ownership of all the capital stock
and all of the bonds of the Kansas, Oklahoma &
Gulf Ry. Co. of
Texas,
that company's 9.1
miles of railroad extending from the
Oklahoma-Texas
State
line to
the southern terminus at Denison,
Company—Company
July
31,
\■/
Texas.
road
was
1919.
operates approximately 333 miles of
from Baxter Springs, Kan., via
extending
standard gauge rail¬
Muskogee. Okla., to
which 319.7 miles is owned by the company, 9.1
miles is owned by the subsidiary,
and 4.2 miles is operated under
contract with Midland Valley RR,,
owner; 320.29 miles of the: total
constitute main line, 12.71 miles constitute branch lines.
In addition,
the company owns and leases to the Kansas City Southern 5.9 miles
from Baxter Springs to Military Junction, Kansas.
Texas/of
Denison,
Capitalization Outstanding Giving Effect to
Buy Stock—
par
\%y.-
1427.- :■
Preferred
stock,
series
A
stock,
series
B
(par
Preferred
stock,
series
Preferred
stock
(par
C (par
ftlOOl
bonds 3%%
1943
1942
$520,168
$348,456
$481,933
173,868
151,234
Note—Company
has
•
Other
Provision
Reserve
8,302
3,240
$185,115
96,000
taxes™.
17,055
$287,179
150,000
,
$73,540
$0.33
13,943
$211,165
20,000
$74,115
___—_
$0.33
share__
per com.
$349,540
256,000 *
; 15,000
conting
earnings
Earns,
March 3L 1945
for
for
$346,300
(net)___
income
$270,124
$197,222
$176,813
______________
income
Total
134,000
i5,ooo
«
$62,165
$0.26 "
35,000
" $102,179
$0.46
"Aftpr provision for depreciation of $32,520 in 1945, $32,121 in
$5,244,021; U. S.
bonds, Treasury certificates and tax
notes,
$906,056:
accounts
and
notes
receivable
(after
reserve
of
$331,506), $3,844,145; Inventories, $6,600,223; investments and other
assets,
$690,268:
fixed
assets
(after
reserves
for
depreciation
of
$6,902,479), $6,666,275; goodwill, $1; deferred charges, $636,468; total
$32,006
in
Note—The
relating
and $28,807 in
1943,
to
above
net
investment
subsidiary,—V.
160,
and
do
not
advance
include
any
Intertype,
to
'
2296.
Total
ry.
Railway
.
revs.__
oper;
exps
accruals
tax
Calendar Years
1942
1941
$3,243,746
1,487,028
672,480
$2,497,246
1,142,540
366.556
$1,084,238
$988,150
;
15,188
1943
income—
$1,091,255
$1,314,793
Total
rent
income..™
Total
rents
payable—
15,146
299,856
348,388
289,791
227,952
income
$806,545
$983,111
$816,734
$775,386
Total
Net
Total
oper.
ry.
oper.
other
16,706
;
22,287
.
41,721
52,233
59,207
65.990
$848,266
income____
income
Total
profit
Ltd.,
oper.
"common stock".
$4,097,959 :$4,006,760
1,947,145
2,111,528
1,059,559
580,439
1944
ry.
4,400,000
—
denominated
$1,035,344
$875,941
$841,376
.
1944,
\
*
1942.
earnings
in
p.
stock
Condensed Income Account for
Total
v
;
Profit
series 1980
"Owned
$2,527,000
256,000
5,672,600
2,592,600
Company.
no
211,809
.v 1944
1945
admin, exp.
$2,831,100
281,700
5,745,500
2,611,700
$100)
$100)
$1001™
(par
Preferred
"Owned by Muskogee
204,063
profits
Present Financing
Outstanding
First mortgage
$380,876
3 Mos. End. Mar. 31—
"Gross
Net
1943.
Consolidated Balance Sheet,
Assets—Cash.
payable
$260,505
increases in Federal income and excess profits taxes,
income taxes of $275,000 in 1945, $160,000 in 1944,
$3,700
the
of
v..i6i, p.
440.000
$145,000 in 1943. and Federal excess Droftis taxes (after deducting
822,000
paid
$850,505
uzU
share—
•For anticipated
and
$240,223
O
W
Revenue
Internal
cumulative preferred stock have been
invited to tender their stock to the corporation at a flat price not
to exceed $50 per share, to an aggregate amount of $350,000. Tenders
must be received
before
12 o'clock
noon
(CWT),
May 25, 1945.—
150,000
profit
Net
of
interest
and
Interstate Bakeries Corp.—Offers to
Sell. & gen.
Si.
Corp.—Tax De¬
Intertype Corp.—Earnings—
t473,000
;
Commissioner
on
Sheet.
$124,605;
outstanding which may be exercised at
any time for the purchase of 302,393 shares of the company's capital
stock at $52,416 per share.—V. 161, p. 1318.
Company
Holders
33.563
provision
•Special
1095.
this corporation during
1945 are to be regarded,
for tax purposes, as income from sources
without the United States.
Such income, when received by nonresident
alien
individuals
and
foreign corporations is not subject to United
States income tax during the year 1945.—V. 161, p. 1882.
paid
28,868
deductions
Federal
$48,385
cision—
♦
53,304
(net)
Profit
M'scell.
114,712
$121,042
161, p.
44,001
1942
"■
$746,816
Operating profit
Other
197,033
,
are
that the company will not be liable
profits tax.—V. 160, p. 2296,
excess
Quarters End. Mar. 31—
Sales
$263,361
16,023
99,061
bonds
International Telephone & Telegraph
The
facilities.
emergency
indications
U. S.
1945
any
70,000
354.310
-
Deficit
—V.
for
70,000
358,535
Dr$5,958
removal, etc.—
operating income
deducts—(net)
on
$50,543
40,894
payable and unclaimed dividends, $7,345; accrued taxes other
income taxes, $1,742; capital stock (par $1), $180,513;
Oklahoma,
de¬
without
inc.
duction
rail
income
Interest
222,115
Net
95
40,000
152,850
for
•Prov.
2,020,224
256,975
„
Total
___
conting.___
for
Taxes
income
(estimated)
Reserve
1944
$2,964,870
2,214,570
251,967
$879,242
expense-
& U.
taxes
Y.—Earnings—
$2,889,209
Quarter Ended Mar. 31—
Revenues
Provision for
1942
$1,011,321
44,805
$63,439
45,236
total, $3,896,506.
$3,753,609;
Issuance
J,:
Retirements
1943
1944
$641,902
income
$132,581
this company, "first in, first out."
banks,
in
31,609
.
2,152
.___
Note—Option
member of the board of directors.—
2000.
161, p.
43,135
1943
$33,624
Federal
merce
V.
$18,934
capital surplus, $2,021,067; earned surplus,
International Paper Co.—New Director—
K.
14,691
$20,304
100,732
——
Liabilities—Accounts
than
is
rv.
2110.
p.
Expenses
3 Mos. End. Mar. 31—
Int.
20,000,000
20,000,000
304^818,83*/304,239,913
161,
14,523
The
International Railway Co., Buffalo, N
Inspiration Consolidated Copper Co.—Earnings-
Arizona
60,766,771
60,606,500 60,606,500
83,959,562 82,931,158
Dr2,461,542 Dr2,461,542
consol. in suspense-of nickel prop-
Depreciation
Operating
15,532,132
13,085,950
27,627,825
60,766,771
...
.
...
Total
—V.
$116,111
13,233
p.
14,734,805
13,086,165
27,627,825
reserve
Stock
Common
483,474
17,715,000
149,835
y
,
operating income
161,
483,475
____
Contingent, Insurance and other reserves.
7%
preferred stock
_g_
F.
oper.
taxes
income
-V.
system
7,952,645
8,964,269
17,051,001
payable_____
income______
on
31
1944
_l_W_g_ig_-
the basis of cost to
cost,
so
property
Net
based
Retirement
325,031
Rent
dividends
Preferred
$591,127
127,066
Operating
.
payable and payrolls. __
Accounts
Taxes
181,415
133,770,166
304,818,831 304,239,913
Total
$591,727
200
•
receivable,
______________
199
15,526,074
600,528
20,000,000
1,300,000
14,728,037
Refundable
1945—3 Mos.—1944
1945—Month—1944
$198,853
—
oper.
43,430,993
against retire, system reserve..
arising from transfer
erties in Finland™
rev.
Uncollectible
28,958,180
17,331,592
18,762,507
43,151,780
9,276,831
18,224,629
,
_____________
Surplus
Telephone Co.—Earnings-
period End. Mar. 31—
Operating revenues
reserves)
Miscellaneous
Account
March
$34,827
—
profit
Joy of
42,800,497
(less
s
securities_.
of
dividends
accrued
$
'
24,657,671
and
securities
receivable
Securities held
order."
in
house
bills
Treasury
notes
tax
stockholders to pay dividends now
because we have not been farsighted
interests of the
tion
16, were told by
meeting held on May
annual
President,
Johnston,
A.
Wayne
the
at
incl
securities,
Short-term
Inventories
111., who resigned last October.
^
22,665,612
l
:
Government
Central RR.—New Director—
Sheet
Balance
"•
.
Accounts
$0.52
$0.44
$0.47
Assets—
$2.42
1999.
of Peoria,
share__
Consolidated
Div. Outlook—
Solon B. Turman, Executive Vice-President of Lykes Bros. Steam¬
ship Co., New Orleans, has teen elected a director, to succeed B. C.
Heacock
5,831,267
.___
of pciiod— $83,959,562 $81,859,044 $81,528,187
in suspense..
2,461,542
2,461,542
2,461,542
common
per
Cash
stock____.—
common
Earnings per share of common
Illinois
at
483,475
7,289,084
483,475
5,831,267
_____
,
$90,274,304 $88,173,786 $89,300,746
i.
dividends
adj.
Exch.
$1,380,553
293,449
$519,089
to preferred stock
Dividends applicable
Balance
$8,075,238
81,225,508
dividends
Common
Earned
———
income
—V. 161. P.
6,167,665
$6,911,311
81,262,475
2,898
deductions—
income
Net
5,591,062
$7,343,146
82,931,158
income—_
on
___.
•■'
Balance
277,857
$12,969,213 $12,502,372 $14,242,903
Balance
Total
800,634
etc
taxes
:
other income
Assets—Cash
—
income
Gross
869,027
37,660
$7,637,864
V; 248,011
sale
from
•On
3,175,454
894,858
profit
___t
Earned surplus beginning of period
12 Months
appropriation
(net)
income
for
' '
•
profit
accounts
3 Months
operating revenues.
Net
Other
3,199,502
_
insurance,
before
$1,909,281
629,742
—■—.—vi-™.-----g-
reserve
3,180,727
system
Contingencies,
•
$17,072,640 $16,608,561 $18,496,848
and depletion
amort,
Retirement
Net
Cash
Ended
$29,698
'
..
1945
13,832
Gross
199,855
221,485
205,136
__
——
Net
excluding direct taxes.
___
—
__
income
Profit
_
taxes
profit
v
$43,530
'
United States currency)
1945
1944
1943
$16,867,504 $16,387,076 $18,296,993
Quarter Ended March 31—
•'
Months
3
for
Account
Income
Miscellaneous
102,614
1945—
!'-•
194*.
31,
Income
"Profit
Prov.
Period Ended March 31,
Retirement
102,614
Co.—Earnings-
Operating revenues
Operating expenses,
Other
128,267
—
1881.
p.
Idaho Power
Federal
28,304
28,841
—
Common dividends
—V.
$302,000
March
at
.
(& Subs.)—
Earnings—
Total
$67,829
_
share
share.
per
Expense
International Nickel Co. of Canada, Ltd.
Other
securities
V1
agency.—V. 160, p. 2184.
given by any governmental
84,836
$288,578
profit
$444,762
provision has been made for possible changes in prices of
affecting the company's products on account of orders
Deprec.,
Net
$260,430
value
asset
net
with
$26.97
was
facilities.
of emergency
Note—No
1,336
refundable
tax
$182,573
per common share outstanding at March 31,
owned valued at market prices at that date,
This compares with a net asset value, simi¬
larly computed, of $26.11 per share at Dec. 31, 1944, and $23.60 per
The
75,000
598,000
$92,528
commodities
$706,280
80,286
644,260
131,250
446,000
.
Investment Company of America—Quarterly Report—
1945,
profit
Operating
income. __gg___.--.g
on.'
$63,278
•
62,148
taxes
Federal
112,145
302,000
taxes
amortization
$648,212
15,765
—
and charges
and State
expenses
Prov.
8,118,996
$979,221
income
Other
50,000
86,000
1882.
p.
State
&
The company will need to
its deferred expenditures fund plus
this program, he declared.—V. • 161,
employees.
50,781
555,429
^Includes
24,268
——
28,031
2613,482
Co.—
Net
1942
25,902
——
(net)—-
income
Other
21,265
2673,921
of inv.
Ore
Fed.
for
income
$9,300,011
$1,723,972
$1,291,904
debt—
for amort,
Dalton
in
Prov.
31
1943
1944
Net
6%%
6% %
______
Statement, Years Ended Dec.
Income
Consolidated
,v_—6% %
Inc.
Co.,
$1,479,193
$883,334
expenses—
funded
on
Prov.
and
Johnson, Lane, Space
30
._
Co.
Int;
of
conditions
working
employ earnings in addition to
depreciation reserves to finance
1942
t654,806
after
Profit
Depreciation
30
& Co
Hemphill, Noyes &
Reinholdt
at
underwriter.
such
Hutton
underwriters, severally and not Jointly,
$51 per share, the percentage set after
the
of
purchase,
to
agreed
1943
1944
1945
the
in
(& Subs.)—Earnings—
Interlake Iron Corp.
classes of the company's
or
3 Mos. End. Mar. 31—
Underwriters—Each
has
class
any
upon
stock.
capital
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2220
loss
British
or
fixed
•
Net
income
6,017
1,994
3,009
254,150
266,010
268,561
$598,027
•
charges™
6,262
243,977
Miscellaneous deductions
Total
$775,177
$607,937
$569,806
.
•
$24,587,458.
Liabilities—Accounts
payable
(trade),
$1,310,645;
customers'
de¬
accrued payrolls and commissions, $446 374; accrued
other current liabilities, $593,092; dividends declared,
1945, $212,315; reserve for retirement of preferred
$50,000; contingency reserves, $1,050,000; minority interest in
posits.
$74,200;
taxes,
$299,587;
payable
shares.
May
subsidiary
(par
companies,
$100),
$3,138,560;
total,
1,
$150,403;
4%%
$7,811,900:
common
stock
capital
surplus.
$4,614,903;
$24,587,458.—V.
161,
p.
1655.
cumulative
(313,856
earned
preferred
shares,
surplus,
on
shares
par)
$4,835 477;
General
Johns Manville Corp.—Plans Expansion—
Lewis
H.
on
will
bear
the
retirement
said.
new
May
a
said
11
that
ratio
better
to
at
the annual meeting of stockholders
period of time, common dividends
than in the past, owing to
over
a
total
earnings
preferred stock.
■' I ■
reconversion problem, the company
when the war ends, Mr. Brown
Money will be spent for new equipment, new research facilities,
While
will
President,
Brown,
held
there
have
of
products,
the
will
other
be
heavy
company's
no
large
expenditures
improvements
in
present
products
and
improvements
Balance
Sheet,
Jan.
31, 1945
property less recorded depre¬
miscellaneous physical property,
total other
investments,
$50,001;
cash,
$759,553;
temporary cash investments,
$800,000;
special deposits, $18,917; traffic and car service balances,
Dr$262,189;
net
balances
receivable
from
aeents
and
conductors,
$21,874;
miscellaneous
accounts receivable,
$121,346; material and
supplies,
$26,103;
interest and dividends receivable, $3,244;
other
Assets—Investment
ciation
$11,318;
and
in
amortization,
transportation
$17,552,040;
total investment in affiliated companies, $509,736;
Volume
current
will be sold
assets, $4,350; deferred assets, $1,054; -rents and insurance
advance, $4,398; other unadjusted debits, $111,390; total,
;
;
paid' in
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4387
161
10c per warrant share.
There are being offered
at
$20,257,513.
$20),
Liabilities—Total capital stock, $11,470,000; stock liability for con¬
$126,734; long term debt, $4,450,000; traffic and car Service
balances, Cr$27,530; audited accounts and wages ~ payable, $77,650;
"miscellaneous accounts payable, $14,720; interests matured unpaid,
of which
the
to
Kansas City Power & Light Co.- -Earnings—
$120,000
'
Total
operating revenues———.
Gas and electricity purchased for resale—
tSinking fund 3Vz%
7,804,654
7,350,843
1,076,912
1,031,490
Depreciation
local
miscel.
and
income
Federal
taxes——_
2,130,233
59,973
4,197,408
.__
taxes—
Federal income
and
profits taxes-—
excess
2,193,333
2,113,767
79,592
3,436,882
2,236,050
.__
Mortgage
Cumul.
Common
$4,653,201
Other
income
838
14,203
$4,654,039
$4,657,118
1,637,649
the
income
Income
Net
j
deductions
—!
income
1,643,322
—
161,
transfer
Cost
of
oper.
Operating
Taxes
(incl.
Oper.
inc.
Fed.
544,697
1,966,974
1,948,672
60,423
207,763
152,398
152,393
157,625
132,001
546,943
$500,838
$494,907
2,332
1,748
11,235
$512,073
Total
Loss
8,091
$124,362
$502,998
(net)
deducts,
fr.
from
The
SEC
sell
70,720
280,759
281,810
$53,642
$231,314
$221,188
Financing—
held
a
$4,200,000
Hancock
with
on
Mutual
161,
May
17
first
31/10
Insurance
Net
the proposal of the company
bonds at par to John
fxom the sale, together
on
Proceeds
at
105
outstanding
interest.—
its
6Vz%
and
'
.
Subs.)—Earnings—
(&
2,694,494
136,299
$877,871
6,905
7,190
$884,776
$1,441,916
mated
787,586
$97,190
$0.09
the
Earnings per share
$0.11
net
$39,485;
total,
for
reserve
claims
discounts,
payable,
$2,757,706;
Van
Alstyne, Noel
&
Co.
of
and
the
the sum
company
stock.
preferred
$298,410,
shares
55,781
of
lines
service
Installment
merchandise.
for
furniture
accounts
are
other
and
^
..
4%
-
in
the
treasury
ordered
80.186V2
into
in
the
shares
40,093%
of
new
was
amount
the
common
common
shares
stock
(no
(no
shares
and outstanding
(par $20) and 481,119
(par
appropriate corporate action the company has been authorized
warrants entitling the holders thereof to purchase at $9 per
on
or
before April 1, 1950, an aggregate of 80,000 common
shares (par $1).
Of
the
above mentioned
warrants
to
purchase 80,000 common
issue
share
shares
sold
same
of
to J.
time
the
M.
as
company,
Kobacker,
the
sale
40,000 common shares.
warrants to purchase 40,000 shares will be
individually at 10c per warrant share at the
to
the
underwriters
Warrants to
182,555
5,395
11,340
1,676
of
warrants
purchase 40,000
to
purchase
common
shares
Net
2,772
9,655
*11,982
income
$295,993
$511,971
$1,630,699
$1,231,557
outstanding-
1,205,437
1,205,437
1,205,437
1,205,437
$0.10
$0.28
$0.79
$0.46
115,000
$309,128
Of such esti¬
approximately $614,130 is to be used
the cost of redemption of the 1%
The balance of such proceeds, amounting
of
for
be
added
Arrangements—The
the
to
the
!
-
,
underwriters
and
shares and warrants
common
,,.
.
Purch. fr. Sharehold's
Purchased from Co.
Warrants
Pi'd. Shs.
Com. Shs.
5,200
29,791
"1,831
3,600
Sons
1,000
1,400
22,000
15,000
600
850
9,000
400
850
534
700
2,150
Hutton
\
6,000
1,800*"
;
8,000
7,000
534
550
1,150
334
450
5,000
1,150
Inc..
Loewi
&
Mead,
Irvine & Co
Co
334
450
5,000
8,000
450
1,150
MM----
1,050
200
450
1,000
334
400
5,000
Emanuel
1,000
334
400
900
334
350
5,000
5,000
Middlebrook_
900
334
350
5,000
Kirkland & Co._
900
267
350
4,000
E.
&
Co
Clucas & Co
W.
Coburn
&
Jenks,
&
K.
Martin
350
5,000
400
300
6,000
300
4,000
267
4,000
.
&
700
300
200
700
'■K/.'v
200
3,000
3,000
300
Herz-
History and Business—Company was incorporated in
Illinois
in
November, 1930, with an authorized capital of 2,000 common shares
(no par) by William P. Lear and Robert P. Wuerfel, under, the name
of
Lear-Wuerfel, Inc.
The name of the company was changed suc¬
cessively to Lear Developments, Inc. (1931); Lear Avia, Inc. (1939),
and the present title, Lear, Inc., in 1944.
The company has one
wholly owned subsidiary—Lear, Inc. of Calif., formerly known as
Lear Avia of
1934,
novel
W.
radio
turer^
<
P.
Lear
the
and
conceived
company
tuning system which
was.
sold
to
and developed a
large radio manufac¬
a
.
In
1935, the company began the design, development and manu¬
of
air-borne radio
transmitters, radio receivers and radio
direction finder equipment.
The first items developed included several
models of two-way radio telephone communication sets.
In
facture
1935, the
the
developed
pioneer
its
Lear-O-Scope
Radio
Direction
left-right indicator type systems for
Finder,
in
one
of
aerial
navi¬
also developed a series of three-way radio equip¬
1939, the company developed and introduced in the market
of the first practical commercial automatic radio direction
finders
Company
ment.
one
and
use
In
later
developed additional models.
.
'
Subsequently, the company developed and in 1940 introduced the
Learmatic Navigator—an instrument providing a pilot with
straight
track navigation, utilizing
any radio station whatever.
During
and
the
period
preceding the war, the company also designed
a
variety of additional aircraft radio apparatus
foreign markets, including a practical light-weight
manufactured
for
domestic
and
beacon receiver and manual and automatic antenna reels.
In
1940,
products
the
devoted
movablte parts
company
which
Instead
by
electrically
m
itself
to
developing devices and
airplanes could be controlled
of
of by hydraulic controls.
As a
result of the
experiments, inventions and developmental activities the
is today a large supplier of electrically operated actuating
for use in aircraft.
These
devices
consist of
high speed
company's
company
systems
electric motors,
embodying an electromagnetic clutch developed by the
which is trademarked under the name of "Fastop," flexible
special types of screw jacks, precision gearing and
company
shafting,
automatic
and
remote controls.
These
items
combined
are
into
linear
and
rotary actuators, power units and controls which operate wing
flaps, cowl flap shutters, landing gears, radiator shutters, bomb bay
doors, air-filter shutters, propeller controls, oil cooler shutters, super¬
charger gear changers, intercoooler shutters, trim tabs, cargo-loading
200
300
3,000
200
300
3,000
200
300
3,000
and
&
550
Co.—
200
200
3,000
transmitters/receivers, direction finders and other radio and electrons
167
200
2,500
167
200
2,500
200
2,500
150
2,500
•
■
Schaefer
&
:
Co.,
Inc.
••vy
350
—
161,
150
67
1,000
named Treasurer,
has been
and W.
G.
shs.
Mr. Tuttle continues as a director.
retirement plan.
♦Each
paid
Two New Directors—
Plunkett
of
for
May
50 cents per sh.)__.
RFC———
purchase
of
—
one
Outstanding
1,722,100 shi.
»125,000
2,500,000 shs.
125,000
$6,500,000
$14,000,000
share
common
at
$5
per
share
on
or
These warrants, for which 5 cents each must bo
may be outstanding upon completion of this
1, 1948.
the
to
and
D.
F.
Valley
have
ceeding R. A. Bell and H. H. Servis.—V.
been elected
161, p. 2110.
to
amended
company,
directors,
suc¬
17, 1945, 88,140 common shares'(par $1) were out¬
March 17,
1945, the articles of incorporation were
for an authorized issue of 2,500,000 eommon
March
On
to
provide
shares
(par 50 cents) and the outstanding 88,140 common shares
(par $1) were reclassified into 176,280 common shares (50 cents par)
on
M.
Financing)
Authorized
(par val.
standing.
Walters as Sec¬
Bell, who have retired under
retary to replace C. B. Tuttle, and R. A.
age
Present
to
Warrants.™
Prior
Todd
Effect
offering.
(S. S.) Kresge Co.—New Officers & Directors—
H.
*
(Giving
Title of Class—
before
1883.
p.
'
Indebtedness
167
350
—
Hilsman
-
Capitalization
Com.
&
McAlister, Smith & Pate,
Inc.
etc.
Early in 1944, the company actively entered into the manufacturing
production of radio equipment for the Services, including radio
devices.
Inc.
W.
doors,
Shu-
&
Co.
E.
Calif., Inc.
1925, Mr. Lear was engaged in furnishing engineering counsel
designing various products.... Among his earlier developments were:
a novel means of
bank winding "Litz" wire coils, unique coil
designs,
vibrator power units, and one of the first
practical automobile radios.
and
167
Herbert
the
This offer¬
.
company.
700
.\
Cohn
maker,
D.
priced to the public at $5 per
550
Inc
Johnson
Kiser,
—V.
was
the
shares offered 400,000 are being sold by
the company and the balance is
being sold for the ac¬
count of two trustees under a trust
agreement made with
Robinson
S.
Inc.
H.
The stock
Of
700
Lloyd D. Fernald & Co.,
J.
Co., Inc.
share.
700
Rice & Co.—
Co.,
H.
&
power
Inc.
J.
Frederick
R.
Lear, Inc.—Common Shares Offered—Offering of 450,shares of common stock (50 cents par) was made
May 15 by a banking group headed by Kobbe, Gearhart
550
berg,
Irving
&
&
3H
,7QO;
—
Odess,
267
750
Co.
Cunningham
:".'v
900
Day & Co., Inc.
350
3,000
700
Browning & Co.
C.
Bradford
1544.
000
Space
Lane,
Co.,
7,500
600
of
Bateman, Eichler & Co.
Johnson,
7,500
700
467
1,450
Co.
700
500
1,600
Co.
500
1,700
Hano
Lemon &
Securities
per share—
161, p.
gation.
1,700
and
income
—V.
company
&
Inc.
&
shs.
In
1
of
names
Working
company's
2,150
&
corporate
Com.
ing is the first public sale of stock of this
Chicago
the
basis
of
common
shares
common
176,280
common
shares
common
2
outstanding 88,140
1945, the board of
shares ($1 par).
Also, on March 17,
authorized the distribution of 1,145,820
directors
(50
cents
par)
for
each
of
the
par) to the holders of the outstanding
the basis of 6Vz common shares to the
cents
shares,
(50
on
holders of each outstanding common share,
Lafayette Hotel Co.—Partial Redemption—
par)
issued
par)
115,755
tax-
interest
William P. Lear, President of the company.
Co.
First
stated
By
to
.
the
of $28,050,
cumulative preferred
22,591
1,002,795
205,755
2,940
40,453
Co
&
Johnston,
total
$1).
The aforesaid change was effected
by reclassifying each share of the old common stock (no par) into
6 new common shares
(par $1) and Vz share of the new cumulative
preferred shares (par $20).
new
-
,
Inc.
^
shares of common stock
and
of
1945,
capital directed to
or $5 per share.
The directors
also
ordered
the
transfer
from
capital surplus to capital of the
amount of $522,650 and from earned surplus to capital in the amount
of $359,402, so as to state the capital of the company at $1,282,984,
such transfers to become effective upon the amendment of the com¬
pany's
articles
of
incorporation
and
the
reclassification
of
the
reduced
.39,405
927,522
583,805
40,307
81,455
._
limited
■
Capitalization—By action of the directors taken March 9,
held
100,000
$243,849
40,000
$614,677
Doolittle, Schoellkopf 6c
through the
Merchandise sold
sales.
be
355,000
financed
company's subsidiary, The Purchasers Discount Co.
under
the installment plan amounts to approximately
cancellation and retirement of 5,610
inc.
5,795
267,209
61,091
Co., Inc
—
Berwyn T. Moore & Co.,
($20 par)
is engaged primarily in owning and operating
a
group of nine retail department stores located in Ohio and New
York and two specialty shops located in Toledo, Ohio,
The present
company
was
organized in July, 1925, under the name of Tiedtke
Bros, Department Stores Co. to operate the Tiedtke store in Toledo,
Ohio, a department store having a large food department. In 1928
the name of the company was changed to Kobacker Stores, Inc., and
the other stores operated by the Kobacker family, namely, two stores
in Buffalo and one store in Columbus,, were transferred, directly or
indirectly, to the company.
Subsequently the company further ex¬
panded its operations by the opening of additional stores and the
specialty shops.
Business is conducted largely on a cash basis, although a few of
installment
8,054
216,606
deprec
for Pa.
25,000
—
taxes_
and
40,280
will
''
Pomeroy,
accrued
offer
65,981
580,000
continuing expenses and loss of income resulting from fire.
Rollins
&
Business—Company
stores
^
Fed.
39,683
Alstyne, Noel & Co.
H.
S.
dividends, while the common stock
was offered at $9 a share. Of the securities to be sold,
40,000 shares of the preferred stock will be offered for
the account of the corporation and the remaining pre¬
ferred, as well as all of the common shares, will be mar¬
keted in behalf of certain principal stockholders.
the
of
162,909
Amott, Baker & Co., Inc.
cumulative preferred stock and 175,000 shares (par $1)
common stock. The preferred stock was priced at $25 a
share
127,611
543,783
60,360
;
Courts
J.
offer¬
made May If by a banking group headed by
was
83,344
472,495
29,552
—
Taussig,
Offered—Public
Stores Lac.—Stocks
29,583
134,272
Calumet
Prov. for Fed. inc. taxes
In
O
Nelson,
total, $7,008,632.—V. 160, p. 2297.
ing
119,757
1,792,238
.
Adamex Securities Corp.
accrued taxes and insur¬
ance, $166,477; Federal taxes on income, estimated provision, $1,477,865; reserve for war production contingencies, $200,000; capital stock
(par $1), $1,050,000; capital surplus, $737,801; earned surplus, $618,783;
Kobacker
14,826
respective number of preferred and
purchased by each are as follows:
Van
and
$7,008,632.
Liabilities—Accounts
516,821
1
—___
Co.
hand, $3,056,381; U. S. Government
Government bonds, $857,119; accounts
doubtful accounts,
$21,533), $979,063; inventories, $1,077,933; post-war credit, $223,300;
notes
and accounts
receivable from employees, $476; insurance de¬
posits and miscellaneous accounts, $7,084; property, plant and equip¬
ment
(after reserve for depreciation of $798,548), $591,803; patents
(after reserve for amortization, $298,493), $175,982; deferred charges,
(after
'■
36,999
$424,878
proceeds
Newburger
receivable
disposal
of
Minority
on
Pfd. Shs.
31, 1945
t
Assets—Demand deposits and on
on
50,184
$845,109
dividends
Schoellkopf,
accrued
62,854
$1,560,427
to be
$119,784
;
interest
58,482
$2,461,741
George D. B. Bonbright
—
and
38,658
1,239,500
Underwriters'
1,322,132
possible renegotiation and Federal
income and excess profits taxes (estimated;
bonds
17,931
treas¬
♦188,290
_—
reimburse
E.
Provision for
profit
$794,925
$1,434,725
profit
income
Net
3,981,116
share purchase warrants will be approximately $912,540.
/
Other
4,183,781
$1,497,573
Purpose of Issue—Estimated net proceeds from the sale of the 40,000
preferred shares and from the sale of the 80,000 common
$4,265,518
2,594,813
117,327
sold
Selling, admin, and general expenses
Operating
4,339,179
$2,214,969
of land-
approximately
capital.
$3,590,012
goods
idle
81,815
acct.
portion
$4,776,041
chargestaxes
to
1944
1945
sales
of
$5,681,354
cumulative
to
*
3 Months Ended March 31—
Cost
$6,554,148
$1,662,719
—
dividends
cumulative
Kingston Products Corp.
Net
233,991
contingencies
profit
*To cover
mortgage
Co,
will be used to redeem
mortgage bonds bearing 5%
first
2110.
p.
$4,542,050
230,161
(net)
Common
cash,
company
$4,211,000
hearing
of
Life
$5,451,193
$1,701,377
sale
Preferred
Hearing
Loss
Deplet.
226,431
.....
Fed.
for
Prov.
70,907
$82,623
-
of
9,102,572
10,474,147
$6,327,717
_______
sundry
for
income
income
$3,255,829
105,442
reval.
Dock
11,826,405
$4,770,541
3,107,822
income
&
Prov.
gross
income
$3,787,233
ury stock
1942
Prov.
income
Sundry
431,946
$122,614
$153,530
income
income
$1,145,497
—
on
Net
Int.
Gross
V.
1943
171,173
expenses
Reimbursement
$151,198
tax)
income
919,963
$766,851
income——
of
carrying
properties,* etc
—Years Ended Jan. 31—
0
profit
gross
Operating profit
'
*
Dr21,914
1,114,160
fixed
Cost
Loss
233,745
38,099
for
prov.
Operating
Ncn-oper.
Total
$3,311,663
$3,374,916
48,811
1
Gross
Misc.
38,100
546 742
expenses
Depreciation
Dr27,653
272,005
11,938
235,405
other
or
of
for
the
Interest
1944
$4,599,368
151,076
Other income—
owned
profit —owned
depts.
Leased dept. rentals &
defd. payt. iinancing
sale
on
disposition
assets
Earnings
8,588,162
12,483
185,842
1945—12 Mos.—1944
$897,834
$942,476
revenues
Profit
exercise of
upon
depts. $13,187,530 $18,154,122 $15,925,340 $13,644,622
depts.
(& Subs.)—Earnings—
Co.
1945—3 Mos.—1944
Maintenance
to
issuance
common shares is Chase National Bank, New York.
the preferred shares is Marine Midland Trust
and the registrar is Irving Trust Co., New York.
—
9,079
137,218
Dr41,712
481,119 shs.
12,613
2,944
years' taxes, etc.—.
agent for
sales
$2,194,222
119
80,093% shs.
for
9Mos. End.
$2,490,090
purch.
funds___
skg.
♦600,000 shs.
Oct 31,'44
54,636
$751,313
$2,139,586
bonds
on
from
1944.
of
45,849
Refunds & adjust, prior
Gross
Lighting
Disct.
'
81,000 shs.
reserved
22,328
*
income
"
220,3/1
for the common shares and warrant agent
Bank of the Manhattan Co., New Yurk,
and
Years End. Jan. 31—
2110.
p.
Period End. Mar. 31—
Net
$880,000
$20)__
are
$2,444,240
13,464
$570,096
Inc. from other oper
Outstanding
$1,000,000
358,000
agent
Net sales—owned
liabilities, $25,366; deferred liabilities, $1,927; unadjusted
earned surplus, unappropriated,
$2,596,952; total,
Kings County
Total
Authorized
„
1945—12 Mos.—1944
$728,985
consolidated
$473,179;
$20,257,513 —V.
est.
,
,
Summary
$2,064; unmatured interest accrued,
$18,542; unmatured rent accrued, $2,046; accrued tax liability, $954,128;
Total
subsidiaries
selling coal———$556,632
Total
privately in Jan.,
is
Co., New York,
160, p. 1427.
$16,675; dividend matured unpaid,
credits,
funded
1945—3 Mos.—1944
•
Registrar for the
—V.
other current
:
(par
$3,019,469
$3,010,717"
—
transfer
warrants
The
Gross
the
$1)__—
(par
preferred
payments of
debt and capital¬
amortization
owned
debs., due 1955__
80,000 shares
fSold
warrants.
$4,671,321
(net
wholly
Lehigh Valley Coal Corp.-—Earnings—
Period End. Mar. 31—
Income from mining and
cumulative
new
the
York, N. Y.,
161, p.. 2110.
V.
V'.v
shares
shares
which
"Of
40,000
and
notes
preferred
The
Operating income
the
and
Chase National Bank of the City of New York, 11 Broad
Street,
will act as sole transfer agent for said stock.—
New
the .debentures,
of
the company
follows: '
as
of
warrants,
-
832,844
905,244
—
Maintenance
State,
$23,063,675 $21,710,071
.__
80,000
account
on
of
will be
£____
Operation
-State
ization
1944
sale
upon
the
and
2221
The
,
55,781 cumulative preferred shares
(par
shares are being purchased from the company.
40,000
issuance
shares
1945
the company
The entire number of authorized cumulative preferred shares is oa.cua),
40,906% of which are at present authorized but unissued. After giving
effect to the changes in the capital structure of the company, and
version,
12 Months Ended Mar. 31—
to the underwriters of the common shares of
The
of
1st
will
way,
be
New York, N.
thus increasing the ^number
In connection therewith,
the surplus account and
allocated to the stated capital stock account.
In practical effect, the
reclassification of the $1 per value shares into 50 cents par value
shares and the distribution authorized on March 17, 1945, represent
a restatement of the capital stock account of the company.
of
has called for redemption on June 15, next, $26,900
mtge. 5% bonds, due Dec. 15, 1947, at 101 and int.
Payment
made at the Guaranty Trust Co., successor trustee, 140 Broad¬
company
Y.—V. 160, p. 2185.
1943
1944
$2,008,518
___
$1,277,903
$1,231,516
1,301,103
minority
6c
taxes
interest
1945
1942
Fed.
taxes
income
Fed.
bef.
prof.
j
of
sum
$572,910
was
1,322,100.
transferred
from
Purpose—Proceeds from the sale of common shares will be approxi¬
Lambert Co.—Earnings—
Quarters End. Mar. 31—
Consol.
outstanding common shares to
the
670,930
651.357
•
$761,415
mately
such
of
of the
No allocation to specific purposes has been made
All the funds will be added to the generail funds
$1,687,417.
proceeds.
company.
Underwriter—-Kobbe,
.
312,525
Gearhart
&
Co.,
Inc.,
has
entered
Into
an
agreement dated »March 26, 1945, with Lear, Inc., and with Joseph A.
and Phtfip E. Golde, as trustees (as the selling shareholders)
Golde
Consol.
Earns,
—V.
net
profit
share—
per com.
161,
Lane
$697,415
$0.93
$606,973
$0.81
$580,159
$0.78
$448,890
$0.60
>
Bryant, Inc.—Transfer Agent—
Effective
transfer
9.
P-
at
of business on May 31, 1945, the present
York City for the 7% preferred stock will be
Effective at the opening of business on June 1, 1945,
the
close
agent in New
discontinued.
conditions of which liear, Inc., agrees
underwriter, 400,000 common shares jmd
on
the terms and subject to the
to
make
available
to
the
selling shareholders agree to make available to the underwriter,
50,000 of the common shares for sale to the public.
Members^ of the
the
selling
group,
Courts
&
Inc.,
J.
in
addition
to
Kobbe,
Gearhart 6c Co.,
Inc.,
include:
Co., Newburger & Hano, Cohu 6c Torrey, W. H. Bell 6c Co.,
C.
Bradford 6c Co.,
Co., Carlson 6c Co.,
Paul 6c Co.,
Inc., Charles A. Taggart 6c
Hancock, Blackstock & Co., Jack M. Bass 6c Co*
'I
'
Co., Hendricks &
Co. and Kenneth Van Sickle, Inc.
Schaefer
W,
Herbert
Jones &
&
1943
1944
$8,021,620
6,346,721
$36,826,660 $20,383,311
Cost of goods sold,-.
;
,_!._
32,350,868' 16,683,308
Selling, gen. and admin, exps.__.__..
1,306,259
811,620
Provision for doubtful accounts.—
97,615
49
sales, less returns
Gross
profit——
Gross
and allow.
101,379
77,294
30,749
$2,965,628
33,161
$1,236,846
59,169
2,344,581
contingencies—220,000
2,137,170
200,000
851,404
§474,063
$595,296
Reserve for
income
Net
______
31—
1945—3 Mos.—1944
period End. Mar.
$9,685,304
$10,291,116
648,672
1,268,133
1,672,502
228,885
64,958
463,901
451,932
16,406
63,399
208,639
168,820
322,577
489,915
$138,663
$186,010
$418,256
$522,015
$0.14
Depreciation
Est. excess profits taxes
Est. normal & surtaxes
—
$0.20
$0.48
share
Earnings per com.
Gross
$10,904,191
purchased,
oper.
maint. and
Gas-
13,949,413
49,529
$14,787,309
219,991
$6,760,532 $16,001,932
$15,007,300
366,979
3,704,637
6,526,790
397,133
4,193,116
5,822,380
$7,121,923
—
credits—
income
3,805,068
3,782,267
_
Operating income
Other
13,773,281
$6,735,004 $15,814,601
25,528
187,330
$7,171,453
taxes
Gross
income
Interest
charges
Deprec.,
depl. & amort.
952,019
Fed, inc. taxes
1,467,000
for
Prov.
Net
-V.
92,428
90,173
—
>
978,429
1,456,500
-
$5,403,526
$4,233,175
possible.
•
Island Lighting
Long
alphabetical
to arrange companies in exact
However, they are always as near
position as
always
mechanical reasons it is not
alphabetical
--
M -
Integrated Co.
Co.—Plans Single
consolidation and
reorganization of the company and its subsidiaries—Queens Borough
Gas & Electric Co.,
Nassau & Suffolk Lighting Co. and Long Beach
Gas Co.,
Inc.—and will formulate a plan to provide for a single
integrated company, Edward P. Barrett, Pres'dent, declared on May 1
in
letter to stockholders which is being distributed with the 1944
annual report.
The plan will be submitted to stockholders after it
directors
The
the problems of
going to study
are
a
drawn
been
has
■■
up.
""
and Exchange
of definitive
Co.'s plan of
of recapi¬
approval of the
S. Com-
evident," Mr. Barrett said, "that the Securities
Commission will not permit the final steps (the issuance
securities!
to be taken in the Long Island Lighting
revision of capital.
The only method by which any plan
talization can now be implemented is by securing the
Securities and Exchange Commission and the New York P.
"It is
v-inission."
"It therefore
to prepare and file a
becomes necessary
([Special
17,905,000
2,519,000
17,884,036
62,256,000
1,179,076
1,938,857
reserve
—
reserves
surplus
eventual
company
emerging from a
less
••From
Public
of
companies
associated
of
securities
mission,
order
by
for sinking fund
Commission.
1
income
Service
"A"
Note—Column
New
York
'
8,111
1,045,859
stock
$13,-
after giving effect to
deal
to
Lighting stockholders have
Commission directing
registration of the Long Island Lighting Co. under certain provisions
of
(he Public .Utility Holding Company Act prevents the company
from completing the plan of revision of capital effective Dec. 16, 1944,
and renders the proceedings in the U. S. Supreme Court "moot."'
The
company
will undoubtedly be required to file an amended plan of
reorganization with both the Public Service Commission of New York
and the Securities and Exchange Commission,
under Section 11(e)
order
the
of
and
Securities
the
of
subject to the approval of the Securities and Exchange
Commission, the management will make arrangements with the City
Bank Farmers Trust Co., 22 William St., New York City, as depositary,
to issue
certificates of deposit representing the company's: . series A
7%'cumulative preferred; series B 6% cumulative
mon
stocks.
These certificates of deposit may be
preferred; and com¬
sold, transferred or
otherwise used as and in place of the old stock certificates.
The certificates will provide, in substance, that holders may receive
the return of the deposited stock, or in lieu thereof, shares of over¬
printed old series A stock and new common stock specified in the
certificate of reduction of capital, or such securities or other prop¬
erty, rights and interest as may be exchangeable under any finally
approved recapitalization plan, merger, or
and
Lighting
consolidation of Long
Island1
General
Total
Gas
operating
revenues.*.
1944
Total
operating
Operating
revenues
;
Other
2,301,271
■—
Depreciation
2.844,108
1,381,760
3,321,497
$5,377,313
13,565
$5,207,758
Z)r3,945
$5,390,878
—-—
.
2,842,529
3,470,008
provision—
tax
taxes
1,569,841
1,570,828
——
income
Federal
$27,505,566 $25,615,675
11,292,290
11,942,038
:—
expenses
Maintenance
1943
expenses
Maintenance
Deprec.ation
Federal
Otner
company
Gross
income
—
(net)
—-—
—
__
debt—...—!—
—
Other interest, less int. charged to utility plant
Amort, of debt disct. & exp.- (net) & misc. items
•Portion df loss on sale of land by a subsidiary
Interest
on
fPortion
long-term
$5,203,813
2,436,892
2,492,166
96.229
127,716
89,871
83,542
of adjustment in price of
company
gas
sales—
income
...
income
—V.
22,126
22,057
income.
$41,484
$44,062
4,894
cumul.
the
stocks
of
sub.
public
Net
income
pfd.
cos.
held
19,489
1,194,800
161,
1205.
p.
Fisher has been elected a director, succeeding George
has retired. Mr. Fisher formerly was a Vice-President
Corp. and General Manager of its Fisher Body
division, is a Vice-President and director of Fisher Co., of Detroit,
and a director of General Motors Corp.—V. 161, p. 1883.
Edward
Deductions
14,688
General
$3,355,033
1,357,118
income
Net
the
year_____
for
income
Reservations
$1,981,230
Reserve
for
for
••
,
Retail
—V.
;
161,
653,050
Net
:
Net
'Accounts
_
Other
accounts
:
and
Deferred
from
eustomers
!~
556,250
Net
1,357,268
! 294,851
1,357,268
Cost
1,380,149
(less
;
—
53,029
Net
370,852
Other
294,851
360,420
.
'•
-
.
'•!.■-!
$88,177,041 $88,039,185
2,519,000
30,146,000
30,146,000
shares-
6%—179,050
shares
—
par
"
8,T78,000
8,178,000
618,411
618,411
payable
deposits
Customers'
taxes
2,364,232
for construe,
Reserves
100,253
of
services—
deferred
credits.—
for depreciation
§Spec:al
12,328,658
reserve
Miscellaneous
•
1,390,888
Contributions
in
preferred stocks
for the
year
.—
Reservatidns by orders of P. S. Commission to:
Reserve
for sinking fund
Reserve for discharge of unsecured notes—
Balance
of
income
•Equal to the
to
the
resulting
—
aid
of
>
"*■
construction
2,364,232
100,253
V
18,328,658
~7"b",280
535,664
1,955.957
1.955,957
153,164
sold————
surplus
surplus
2,101,050
3,214
_________
—
2,101,050
1,349,540
appropriated
556,358
$88,177,041 $88,039,185
—
•Represented by shares of $100 par value in column A and shares
$60 par value in column B.
(Represented by 3,000,000 shares in
column A and
653,050
615,000
333,000
300.000
$1,032,413
$734,473
resulting 1S44 Federal income tax reduction.
(Equal
1944 Federal income tax reduction to a subsidiary
of
debentures
503,800 shares in column B.
held
alive
in
"A"
is
(After deducting $1,822,000
depreciation and for
investments in securities of associated companies by order of Public
Service Commission!
([From income for sinking fund' and unsecured"
notes by order of Public Service Commission.
Notes—Column
to
plan
of
1,929,945
1,952,976
$2,839,622
*
$2,469,855
$2,528,103
to
due
inclusion
in
holding company.—V.
Federal
consolidated
161.
tax
return of
882.
p.
.
1944
1945
allowances_„__ $16,609,482 $14,641,847
10,965,638
10,048,577
Selling and general and administrative expense
1,412,204
1,449,252
sales,
of
less
profit
—________
$4,231,640
_____
Total
vt'.-
.
305,069
$4,440,669
$3,449,086
826,523
682,847
283,650
\.*yf
357,319
..YT;„v..-..'
income—_______
depletion,——
and
surrendered
•Prov.
Federal
for
and
and
—
abandoned
State
taxes
Earnings
980,750
$1,428,170
$0.88
share
per
•Includes
refund.
1,702,500
$1,627,996
income
on
income "__!—.1__—
Net
$3,144,018
209,029
income
TT /''■''
provision
for
Federal
excess
profits
tax,
less
$0.77
post-w£
..Ov -Iry.'<t-;-
Current
liabilities
taxes
and
returns
sales
assets
as
March
of
$8,358,202,
were
income.
on
On
and current liabilities
were
31,
1945,
including
March
were
reserve
$45,638,551 and currei
for Federal and Sta'
current assets were $42,255,6*
$8,382,662.—V. 161, p. 1774.
31,
1944,
4.979,320
and
reserves
Premiums
on
428,282
428,282
,
accrued
advances
159,894
$4,481,079
;
Quarter Ended March 31—
10,743,000-
7%— 74,750
and
61,405
$4,399,800
$4,230,510
Leaseholds
3,000,000
Interest
$4,321,185
deductions.
etc.,
Depreciation
-
Tv-T-C
stock:
17,905,000
Accounts
466,763
$4,338,394
1,380,149
53,029
res.)
other, expenses)__
.
without
$3,854,422
Mid-Continent Petroleum Corp.^—Earnings—
.
•'
stock
$4,013,862
324,533
35,180
•Difference
Gross
—:.——
B
;
$4,195,330
income-
Net income
1,687,952
value————
1st mtge. bonds, ser. F, 3%% due July 1, 1972
(3%% sink, fund debentures,"due-May 1, 1956
Series
1943
365,657
income
Interest,
556,250
$4,485,000
(Common
$2,350,900
2,220,457
1S44
$3,829,673
operating
2,000,000
12,326
'
$7,475,000:
A
*
Earnings—
,'1945
*
Balance
12,326
2,000,000
—
Series
2,370,978
1657.
p.
•Difference
"(B)
7,504,498
cost)—*._*.
(at
$2,474,830
•
—
517,761
———————
preferred
738,350
7,504,498
—_—
receivable
Liabilities-r-
•Cumulative
$777,128
732,207
12 Mos. Ended March 31—
1,687,952
supplies
debits
161,
affiliated
_______
•__
(insurance and
Prepayments
$766,092
$31,565,607 $31,964,038 $29,051,653
Operating revenues
20,896,541
20,602,802
19.357,743
Operating expenses
2,678,940
2,675,097
2,603.952
State, local and miscell. Fed. taxes
Fed* income and excess profits tax
4,160,451
4,672,276
3,235,535
receivable
—
accounts
Materials
income—**
oper,
income
Gross
517,761
costi
(at
and
companies!.
receivable
$5,979,016 $19,574,962 $17,727,331
4,048,658
12,860,906
11,870,730
1,153,230 ' A
4,239,226
3,505,701
1.153.230
$6,749,744
4,912,174
1,071,478
1.071478
taxes
Michigan Consolidated Gas Co.
"
investments
Cash '—_——
rev.
__
Operating
Pro forma
Books
Per
deposits and funds_i—
Treasury certificates (at cost)——
Miscellaneous
oper.
Operating revenues—
Operating expenses
$71,401,804 $71,401,804
902,445
1,050,733
Special
S.
revenues
Other income
•'!.'* >■;
subsidiary
from
1945—Month—1944
1945—3 Mos.—1944
$6,759,793
$5,989,049 $19,601,890 $17,760,591
10,054
10,033
26,928
33,260
Period End. Mar. 31—
Uncollectible
$1,013,683
(A)
U.
v
Michigan Bell Telephone Co.—Earnings—
300,000
$995,180
j.
plant
Capital stock expense
Otner physical property
stocks
has beeti on leave of absence, was re¬
to this company about June 1.
1884. •
p.
Dec. 31 (Company Oniy)
Balance Sheet,
Investments'in
-vV.' vV.
.
Col. George W. Perkins who
615,000
333,000
Utility
•
1884.
p.
—v*, 161,
$1,928,683
—
income—
Assets—•
1945—Month—1944
' 1945—4 Mos.—1944
$4,096,774 $11,027,727 $11,216,646
$2,323,606
—_
elected Vice-President and Will return
"
fund——
sinking
Corp.—Retail Sales Off 43.3%—
sales
Merck & Co., Inc.—Official Returns—
Com»
,
discharge of unsecured notes—
of
Balance
_________
by orders of Public Service
V> mission to:
Motors
Melville Shoe
1,426,350
etc.)
(interest,
gross
who
Period End. Apr. 30—
$3,358,070
Dr3f037
$3,338,343
—
from
f.
Clark,
of
1,757,165
,—
850,916
$1,649,473
$27,264
2,067,159
$3,323,660
1—
(net).
income
Gross
Total
695,lit
20,510
$26,889
income
M.
743,803
1,877,6(1
—-—1
!
Operating income
income
Earned
$2,018,463
$47,774
Martin-xParry Corp.—New Director—
5,586,790
874,814
2,0o9,718
1,295,000
;
,
.
Non-operating
by
—
3,713
$46,378
—
——
deductions
Income
26,183
'! 17,013
accruals
(net)—*
income
Gross
15,183
19,712
20,070
Midland Steel Products Co.
sinking .fund.
-
before
recapitalization
and
.
§For
column
approved by
New
"B"
York
after
P.
S.
giving
effect
Commission
(& Subs.)
3 Months Ended March 31—
1945
profit after deduct, cost of
goods sold
___;
Selling, general & admin, expenses
-Earnings—
1944
1943
Mfg.
$1,766,758
118,676
$1,648,083
$2,391,13
54,584
48,094
55,93
70,721
83,125
69,954
72,27
83,125
83,12
1,605,000
1,076,000
1,800,00
$377,596
Gross profit
$2,314,863
123,836
$2,484,2
!. $2,191,028
^Dividends declared or accrued in consolidation
on
195,515
179,245
27,356
operating
Utility
Other
—V,
Capital
24,442
/
1944
$303,744
taxes
reserve
Operating
1,539,655
*.
__2_
provision
tax
taxes
([Reserves
inter-com—
.
29,865
;
Retirement
1943
'816,521
6,016,768
_
a__
Customers'
Operating income
Non-operating income
1945
$326,262
$16,938,993 $15,562,601
.
affiliated
1 '
purchased .from
Operating
Total
Statement (including Subsidiaries)
Calendar Years—
,
taxes
Federal income
.
its subsidiaries.
Comporative Consolidated Income
Bonds—
Co.—Earnings—
Maintenance
Only)
1944
Calendar Years—
that,
1
■
Operation
Company Act.
Public Utility
Comparative Income Statement (Company
,
1945,
for the
2111.
1960, attached) at 104 and int. Payment will be made
the company, 71 Broadway, New York, N. Y.—V. 161,
1,
12 Months Ended Dec. 31—
Exchange
been
in or transfer their securities, or to procure quotations
on
the New York Curb Exchange.
Mr. Barrett
bonds
Operating revenues
share.
per
'
securities
such
states
-
1944 Long Island
December,
Since
on
4%
mtge.
Jan.
due
'
Unable
12,
week ended May
the
for redemption on July 1, next, $167,000
(with extension agreements of series B,
called
Gas
unified
from
stock
The
last December.
Commission
S.
P.
has
company
Lynchburg
of Public Service Com¬
and unsecured notes by
"B"
(Ky.)—Weekly Output
Co.
for
Louisville & Nashville RR.—Calls $167,000
The
Net
column
and
before
is
Electric
&
this company
of
reduction in
$5
Lighting Co.,
by the
945,625
$1,108,373
kwh., as compared with 28,543,000 kwh.
corresponding week last year, an increase of 3.8%.—V. 161, p.
the par value of 74,750 shares of series A 7% pre¬
$100 per share to $60 per share and the issuance,
of 74,750 shares of new common stock to the holders of series A l'!o
preferred stock (including $45,950 of premiums and assessments on
preferred stock); (2) reduction in the par value of 179,050 shares of
series B 6% pfd. stock from $100 per share to $60 per share and the
issuance of 179,050 shares of new common stock to the holders of
series B
6% preferred stock
(including $107,214 of premiums and
assessments on preferred stock): and
(3) the exchange of 3,000,000
shares of no par value common stock now issued for 250,000 shares
of new common stock without par value having a capital value of
plan for revising the capitalization of Long Island
which
had been authorized by stockholders,
was approved
922,506
$936,960
the office of
in column B.
§$39,116 applicable to common
share of deficit; and $17,844,920 applicable to
shares
Reserve
A
230,625
$298,233
29,628,000
2002.
to
($45,280)
output
Electric
totaled
815,800
of
preferred
stocks
on
which the
undeclared dividends
amounted to $4,952,978.
([For depreciation and for investments in
determine.
1,425,319
3)2,053,998
2111.
p.
p.
the refunds claimable by a subsidiary company with
respect to Federal income taxes paid for 1942 and 1943.
(Represented
by shares of $100 par value in column A and by shares of $60 par
Value in column B.
(Represented by 3,000,000 shares in column A and
503,800
161,
at
141,772,684 141,634,828
Total
reorganization into a single
as may be authorized
and are to be allocated
such commissions may
1,409,565
$1,859,466
167,081
2,912,764
11,290
2,101,050
legal grounds."
The
355,726
$528,858
$240,013
of
11,325
252,677
-
(deficit)
Earned surplus
Integrated company is to issue such securities
by the Public Service Commission and the SEC,
to stockholders of the constituent companies as
356,124
surplus
27,059,776
4,979,320
907,267
441,883
2,912,764
164,454
2,101,050
reorganization of Long Island Lighting Co. under Section 11(e)
Holding Company Act," according to Mr. Barrett,
says, "The advantages of a consolidation of these companies
operating in contiguous territories in Long Island, from every oper¬
ating, financial and administrative point of view, cannot be over¬
estimated." He also refers to "the inter-company transactions in the
past several years which have been the basis for expensive and timewasting legal proceedings brought by stockholders of one or the other
of the companies against the remaining companies on technical and
18,244
$3,479,317
;
Louisville Gas
3,580,188
115,952
—
Public Utility
81,481
$3,269,031
net
of
reserva.
Balance
10,743,000
—
who
5,535
$885,584
$407,094
income
Miscel.
$4,485,000
and deferred credits
Contributions -in aid of construction—.
—_
Premiums on preferred stocks sold
••Reserves
appropriated
-
plan of
of the
Net
—V.
$7,475,000
of
Miscellaneous
comprehensive
19,278
$763,218
■
deducts!.
income
Total
.
stock, without par value——
3,000,000
subs, companies held by public—
17,884,036
Long-term debt
_
62,256,000
Accounts payable
—
•
1,179,076
Customers' deposits
1,938,857
Interest and taxes accrued
3,580,188 J
Customers' advances for construction of services
•
115,952
Reserves for depreciation—,
21,059,776
'•,"/!«
.
$3,461,073
.
—_T__—__ 141,772,684 141,634,828
^Equities
(1)
NOTE—For
order.
419,354
(Common
ferred
possible
435,620
__.
(Cumulative preferred stock:
Series A 7% — 74,750 shares.
Series B 6%—179,050 shares
$4,594,670
769.
p.
359,016
408,922
______
$743,940
3,161,733
3,410,578
$3,187,550
2,468,436
435,620
cost—
979,251
__
income
Gross
2,070,195
$880,049
(net)—_
income
income
order
$4,662,261
income
161,
359,016
2,468,436
_!.__—
receivable
supplies, at
Prepayments ______—
debits
•Equal
expenses,
Income
and
Deferred
Capital
1945—12 Mos.—1944
$10,540,072 $29,587,883 $28,736,722
1945—3 Mos.—1944
31—
revenues—
oper.
Subs.)—Earnings—
Gas Co. (&
Lone Star
$0.62
against war con¬
and to year end
provision as may be necessary
possible renegotiation refund,
and audit.—V. 161, p. 1205.
•Subject to such
tract contingencies,
Period End. Mar.
Mos.—1944
102,939
profit
profit
1945—6
$5,249,329
$4,807,013
493,683
235,675
sales
adjustments
accounts
Other
932,415
2,069,603
517,464
1,222,869
income
Operating
23,526
3,060,448
2,425,288
2,425,288
(less reserves)
from customers
receiv.
Materials
23,526
1,579,410
.
for
prov.
lax)
income
244,199
517,349
——
(incl.
Taxes
$16,059,139
6,433,723
6,887,901
1,724,122
283,954
—
Depreciation
995,305
3.060,448
expenses
Maintenance
2,700,000
—
—
Cther
995,305
2,700,000
Liabilities—
Corp.—Earnings-
•Net
,
investments
Cash
Total
Liquid Carbonic
Net
________
property (at cost)—
•Special receivable
.
—
Special deposits and funds———
.____
U. S. Treasury certificates
(at cost)_——1
—V..161, p. 1544.
Net
—
expense
physical
Accounts
125,800,561
1,728,943
1,877,231
1,105,705
1,105,705
112,626
112,626
125,800,561
1945—12 Mos.—1944
$4,345,085 $17,135,042
$4,598,604
1,830,492
revenues-
oper,
Operating
Separately
Company
1945—3 Mos.—1944
Period End. Mar. 31—
Total
8
Utility plant
Capital stock
$326,272
and
"
income
Federal
for
profits taxes
excess
Assets—
Other
(B)
Pro forma
Per Books
Miscellaneous
deductions————————
Provision
$1,206,097
.————
income
Income
3,380
$3,173,297
134,653
Other income
Total
465,423
$2,888,334
$3,071,918
*
above.?
Earnings of
31
(A)
Consolidated Balance Sheet, Dee.
:
V:;
1942
Only"
"Balance Sheet of Company
under
(see "Note'
14, 1944
Dec.
on
'
31
Statement, Years Ended Dec.
Income
Consolidated
$849,342
aggregated
undeclared dividends (which
(With respect to
in 1944).
company.
C.
Robert
Eastwood, Inc.
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2222
$370,910
$379,797
$0.65
$0.69
deductions
Other
Depreciation
Reserve
Prov.
for
tor
general
Net
Fed.
income
per
shares
161,
taxes
&
for
contingencies
j
profit
Earns,
—V.
profit sharing
p.
share on 234,915
!_j—
2112.
93,1
com.
.'
'
$0.68'
iVolume
Miller-Wohl
Herbert
dends
Co., Inc.—New Director-
has
Auen
eiected
been
director.—V.
a
161,
issue
certificate
for
aggregating
■,
Hereart^r.
shall
not
above
"
in
certificates
160,
•*
\
*
.
of
"»
1
»
t
(Including domestic and Canadian subsidiaries)
Other
income
161,
1945
1944
$3,019,470
inc.
22,467
16,016
$3,646,622
—_
&
stock
cap.
$3,041,938
$2,110,430
Can.
tax,
State
"
.
,
Post-war
503,400
469,000
2,409,000
88,426
1,911,220
105,611
457,755
1,065,500
68,511
Crl91,122
Crl06,550
taxes-:
profits
excess
Miscellaneous
taxes-—^
charges
refund
of
„—_—
Fed.
$886,696
share
$747,229
$625,214
$0.64
$0.55
$0.46
-
S.
Fraser has been
161, p. 2112.
Missouri Pacific RR.—Management Wins Proxy Fight
A
of
minority
directors
ment
had
lasted
Of
when
out
the
counting
majority vote at the annual meeting, which
days, or until May 12.
shares of stock entitled to vote, 964,050 sent
overwhelming
an
for
the
proxies.
holders seeking control of the board
of proxies gave the manage¬
of security
group
lost
three
1,546,396
Of this number,
765,361
were
for the management and
for the minority group which opposes a reorganization plan
198,689
pending
District Court.
,:,V 'v:;'
gained another seat on the board with the election
of T. C. Tupper of St. Louis, Mo.
The minority elected John V. Farwell of Chicago.
The management now has 12 of 15 directors.
in
the
U.
S.
The management
Revenues Close to 1944 Levels—
L. 'W.
Baldwin,
chief
May 11 that operations of the
He
for
estimated
the
taxes
April
last
company
holding
v/ere
declared
at
and
$1,186,500, against
indicates that gross -revenues for the *our months ended
April 30, 1945, aggregated approximately $75,252,800, against $76,129,-
This
271
last
while net income would approximate $5,476,400, against
year,
report
Baldwin
department
total
it
around
added
indicated
was
operations
slightly ahead
gross
against
estimated
was
that
from
that
$18,636,000,
income
net
declared
of
in
at
the
estimates
the estimates
supplied
by
in
last
May
days of
month.
nine
that
for
the traffic
expected to
for May were
revenues
$18,877,953
$1,365,600,. against
first
while
year,
$1,045,388.
ties
April
would
be
income
gross
May
running
were
$4,535,000,
against
for
placed
added.
at
net
last
and
against
be
for
$1,673,400
estimate
actual
$371,000
for
April
first
$61,000
four
$10,161,175
similar
four
against
months
last
year
months
of
and
last
against
.
and
year
$1,977,118
gross
revenues
was
year
and
year
ago.
$2,620,051
Indicated gross
net income
$393,000
against
against
on May 17 beaded a group of underwriters
100,000 shares of common stock (no pair)
share, with a concession of 65 cents per share
dealers.
the sale will be received
The stock
15
on
was
put up for sale by the Consolidated and
bid
a
of
$16,029
submitted
bids
by Mobile Gas Service Corp.
for
was
awarded
The
gas
Co.,
a
Company
also
United
Gas
in the merchandising of gas appliances
appliance dealers in the territory ser/ed.
engages
with gas
cooperates
from
Capitalization
Giving Effect to Adjustments, April 14,
Pipe
and
First mtge.
bonds, 3% series, due 1964
pfd. stock ($100 par)—
$1,400,000
cumul.
stock
'Changed
(no
from
par)
5,000
Pro
shares,
Forma
no
Net
oper.
par.
1943
1942
Mason
of dollar volume.
and
also
manufactured
shell
smoke
Total
Fed.
$2,078,606
$1,368,586
1,922,772
1,674,123
1,116,261
$660,704
$637,299
$404,483
$252,325
8,156
8,294
21,708
48,527
income
Net
$668,860
deductions
taxes
on
income
Annual
ently
ferred
Earns,
divs.
on
outstand.
stock
for
441,283
$179,760,
com.
Dividends—It is
regular
47,817
income
quarterly
$645,593
$426,191
$300,852
46,153
45,384
44,763
405,107
225,925
97,663
$194,333
$154,882
$158,426
,
pres¬
pre¬
:
stock
29,400
$150,360
the present
dividend
29,400
$164,933
29,400
$125,482
29,400
$129,026
intention of the company to establish a
payment date and initially to pay divi-
Omaha,
Neb., and
compared
year
a
of
public
a
the
corporation
delivered
The
its
large
production,
war-time
Mi,
'
the
its
to
district
power
on
he
to
take
by
by
said.—V.
output
income,
general
it
Other
income
Net
Net
other
Federal
—V.
161,
Net
—V.
income
per
by
of
161,
1945
.
for
5,048,964
4,736,416
$1,556,224
!
Provision for Federal
normal
and
Receivable
for
Assets—
$369,318
$326,081
554
544
2,323
Cash
in
$81,866
$371,641
61,942
292,033
247,695
$62,924
$19,924
$79,608
$81,778
and
'7, '
•
'Sales
Profit from
Prov.
for
all
sources.
Net Assets
as
of
March
Net
profit
Earnings
receivable
shares
—
of
beneficial
interest
shares
1,628,000
'Including
branches
and
sales
Czechoslovakian,
Total.
$862,241
>
Liabilities—
Accrued; expenses
$0.51
Jugoslavian,
Nether¬
fConsol.
net
domestic
Provision
income.—
per
com.
1943
$6,017,000
366,118
of
$6,577,000
$6,650,042
359,612
447,759
*
'7
1944
1945
$550,790
$1
,
—
Total
income
__
tOther deductions
income
Interest
i.
14,839
$9,468
—
$20,637
34,365
37,978
51,374
—:
——:
depreciation and depletion..
5% cumulative convertible income
on
52,218
"
31,916
31,916
———————
——$108,187
Net loss
v/
$101,475
the results
operating, selling,
administrative and general expenses.
^Including idle plant expense,
interest on first mortgage bonds, bond discount amortization,
etc.—
'Does,
V.
not
which
160,
p.
include
are
construction
shown
department
semi-annually,
7
asked
was
■"""
the
Privately—
President, announced May 16 that
has sold privately to a group of institutional
investors
40,000 4J/4%
cumulative preferred shares,
(par $50). Hemphill, Noyes & Co. and Merrill, Lynch,
Pierce, Fenner & Beane acted as agents for the Company.
>
will
be
used
to
several
augment
the
working
the company.
the refinancing plan formulated by the company
months ago. the first step of which was the private sale on
completes
$1,500,000 of serial notes, maturing annually from
April 1, 1960, both inclusive.
Following the sale of
such notes the company redeemed, on April 17, 1945, all its outstand¬
ing 143,107 shares of 5y2%
cumulative preferred stock of an aggre¬
gate par value of $1,431,070.
.7
The new preferred shares are redeemable at the option of the com¬
pany at $52.50 per share on or before May
14, 1950, at $51.50 per
share thereafter and on or before May 14, 1955, at $50.50 per share
thereafter and on or before May 14, 1960, and thereafter at $50 per
share
plus in each case accrued dividends.
Such shares are also
entitled to
the benefit of a sinking fund into which the company
has agreed to pay annually a sum equal to 10%
of the excess, over
preferred dividends for the preceding fiscal year, of its consolidated
net income for such year,
with a minimum annual payment of not
less than $66,667.
Sinking fund payments .are to .be applied to the
purchase or redemption of preferred shares at prices not exceeding $50
per share
plus accumulated dividends.
The minimum payment will
retire the issue In 30 years.—V. 161, p. 2113.
April
16
April 1,
1945
owns
securities
no
the
of
Asso¬
week ended
11,895,688
May 11, this Association reports electric output
This is a decrease of 220,602 kwh. or 1.82% below
kwh.
New
In
England Power Association—Merger Plan
7,7
:'/
of
*1946,'to
Out¬
'
,
joint
a
sidiaries
declaration
the
of
filed
Association
May
outlined
with
4
the
SEC
four
•
sub¬
certain
steps which they pro¬
posed should be taken preliminary to a merger, which reportedly would
effect savings and result in increased operating efficiency.
The proposed transaction is the merger of Milford Electric Light &
Power Co.
and Union Light & Power Co.
into Worcester Suburban
Electric
stock
Co.
The merged company, Worcester, will increase its capital
50,312 shares, with a total par value of $1,257,800, which
exchanged for the outstanding capital stock of Milford and
by
be
Union, which is of
Massachusetts
Milford
and
stock.
From
equal aggregate par value.
an
Association
Utilities
now
owns
all
the
of
stock
of
Union, as well as 64,714 shares,
additional
the
Massachusetts
has
agreed
other
National Tea Co.—Places Preferred Issue
issue
who
"because of his experience in financial
:'•
serve
production of 12,116,290 kwh. for the corresponding week a year ago.
Gas output for the May 11 week is reported at
125,903,000 cu. it.,
an
increase of 10,738,000 cu, ft., or 9.32%
above production of 115,165,000 cu. ft. in the corresponding week a year ago.—V. 161, p. 2113.
stockholders
therefore,
of
to
stock
to make available
Worcester
such
one
or 98.26% of Worcester'?;
Worcester to be received by it,
of
sufficient
shall .be
additional
entitled,
share for
shares
without
so
any
eacl7 eight
thai
pay¬
shareu
held.
"Reduced
into
the company
this
to
Output—
For
ment
of
Gas & Electric Association—Stockhold¬
Group—
preferred stock, and Carolan,
of
operations,
tlncluding
2186.
proceeds
2,824,923
_
:
matters."
will
of
each
1189. V
Albert
$5,797
6,403
for
Provision
$6,681
L. Sylvester and William B. Carolan and George G. Collins
asked the SEC to approve their formation of a committee
to
protect the holders of $5.50 preferred stock.
If the committee is approved by the SEC it will seek authorization
585,938
$3,065
1———
„_r——
miscellaneous
value
par
lined
Other
1,328
$591,735
547,725
———-i—————
Operating profit
50
2,261
"III—II—III-1
7
have
$4,266,255
233,544
National Fireproofing Corp.- -Earningssales
taxes
$3,043
■
1
New England
$0.24
share
tCost of products sold
Federal
;
ciation,
1942
1944
3 Months Ended March 31—
•Net
for
—V. 160, p.
of
subsidiaries)
1945
$0.34 77
$0.18
$0.27
'On 1,335,701
shares issued.
tAfter provision for Federal income
and excess profits taxes.—V. 160, p. 2298.
''f/V-v..'' :i'';""'7v77:7"v'--- 77", '77
'Earns,
$2,831,604
—
:. ;■•<.■
from the $5.50 preferred stockholders to
represent thenit in voluntary
recapitalization proceedings at SEC hearings opening May 22.
Accord¬
ing to the application, Sylvester and Collins are "substantial" holder.}
Co.—Earnings—
wholly-owned
Sales
7"
/T.——_—
ers' Protective
$0.53 7
Hungarian,
German,
National Cylinder Gas
(Including
7;,,'
...
Payable for shares of beneficial interest repurchased—
Payable for unclaimed dividend——.
$830,291
:
161, p. 770.
3 Mos. End. Mar. 31—
2,473,961
2,139,004
profits of foreign subsidiary companies and
and profits
of Algerian, Belgian,
Chinese,
Egyptian,
lands, and Spanish.—V.
3,135
1,413
—
assets on basis of carrying securities of
quoted market
prices—equivalent to $14.36 per share on 196,709 shares
$849,344
-;:7. •%-.-!■■■■
■
?'•
$0.35.
$0.52
.
sales
except
12,577
80,547
sold———
claim for refund, Federal income taxes
Securities owned at quoted market
prices———_
Total
5,957,708
$580,034
7
on
$259,972
—_I
I_III_'
———
—
sold-
i
;
—
interest
Net
3,340,278
338,714
*
share
per
30,021
31, 1945
vV-','
securities
for
1942
1943
$16,734,095 $25,266,970 $25,288,046 $15,816,220
918,748
4,189,622
16,819,950
'2,969,295
taxes.
income
1944
1945,
1,007
$23,164
.
_
National Cash Register Co. (& Subs.)—Earnings—
3 Mos. End. Mar. 31—
surtax———
on
$329,473
54,332
of
bank
Receivable
3,392
$117,256
tax
,.;'M
Receivable
$81,322
income
(excl. of gains ^and losses on sales of
securities)
dividends paid———
Dividends
$116,702
Three Months Ended March 31, 1945
$30,296
*.
1 • •
.
6,125
inc.
176,704
271,196
$1,038,029
123,679
———.L—
131,814
222,096
402,815
I
Statement of Income,
1,747,576
74,433
i
:
Expenses
130,915
60,868
340,694
income
8,299
$1,564,523
$1,002,078
taxes
Statement
for
23,719
$1,473,793
131,021
;
New England Fund—Quarterly Report—
:
Cash
_
$6,292,640
and
—$1,450,075
Income
Net
-
1944
$6,499,039
—
retirements
2113.
p.
176,272
,
Co.—Earnings—
—
1,922,567
312.
p.
turning
31, 1945, net additions to earned surplus,
in preferred dividends, amounted to $155,-
deductions from
income
34,597
w
to
in
operating
customer, or 10.7%, has been
the non-profit organization.
production and transmission.
In the
$2.45
company
—
...
44,278
income
reduction
a
1659.
p.
(net)
income
542,209
deductions
from
committed
was
that
—
Income
Gov¬
a
income
44,122
net——
161,
taxes
Operating
569,201
Income
Gross
by the
company
power
issued.
for
$2,653,371
——
March
operating revenues
Operating expenses, prov.
29,066
prov.
of
the
of $124,775
—
tax)
appointed
the
be
ownership.
announced
exclusive
is
ended
$2,821,168
Operating income
Other
of
—
expenses
(incl.
income
basis
that
public
to
10
annual
$776,839
Depreciation
announced
May
purchase
an
since
1945—12 Mos.—1944
1945—3 Mos.—1944
Committee, Inc.,
company
on
reduction
$819,959
revenues—
of
can
12 Months Ended March 31—
i
;
purchase
Total
said,
Mason
the
New Bedford Gas & Edison Light
for
parts
-
^
Income
and
generators
war
Maintenance
This
$2,560,071
(net)
of
than
more
propeller control governors, 650,000 bomb
containers, in addition to undisclosed quantities
260,000
capital of
2,876,897
deducts..
costs
793,
subsidiaries
its
for
group
power
Maenner
months
oper.
.
1941
the
Mr.
payment
Mr.
production, Mr. Mason said, amounted to
than $1,100,000,000 at original contract prices:
Because of price
Net
Earnings for Calendar Years
revenues
Other income
100,000 shs.
$3,337,601
revenues
revenue
6,000 shs.
100,000 shs.
1944
Oper.
Outstanding
$1,400,000
6,000 shs.
;
—
formation
Committee, Inc.,
Electric
non-profit
over
Robert V. Rasmussen,.
1945
*
Authorized
that
power district with
operation of this company
non-profit group composed
of Bernard Stons, Sidney J. Cullingham and W. W.
Wentstrand, pur¬
chased the power company last December from the Amerkican Power
& Light Co., a New York holding company.
Following tne purchase,
44,000
were
by the company is purchased
nqn-affiliated company.
Omaha
after
175,000
Taxes
Electric
three
production.
war
debentures
stock
sold
line
Operating
~
than
more
bonds
revenue
asserted-that
binoculars,
Operating
&
"Common
out
Earnings for Period Ended March 31
share.
a
the
Baer, Stearns & Co. and
Co., $15.2891 a share, and Blyth & Co., Inc., $15.15.
History and Business—Company, an Alabama corporation, is an
operating public utility engaged primarily in the business of purchas¬
ing, distributing, and selling natural gas at retail in the City of
Mobile, Ala., and environs, and expects to continue in such business,
4.90%
turned
The
stock, owned by Consolidated Electric
& Gas Co., parent, was disposed of by Consolidated in
compliance with provisions of the Public Utility Holding
Company Act of 1935.
No portion of the proceeds of
Other
corporation's
Period End. Mar. 31—
Corp.
Wertheim
have
Crews
per
announced
8
public
ownership.
permitting
military restrictions prohibited disclosure of product quanti¬
corporation
Total
against
year.
offered
May
,
000,000 of 1st mortgage 5% 30-year sinking fund coupon
$9,785,719
were
year
private
May
on
that
Dwight Griswold.
Omaha
Total
Mobile Gas Service Corp.—Stock Offered—The First
to
$0.24
Nassau & Suffolk Lighting Co. — Refinancing Com¬
pleted—On Jan. 12, 1945, this company sold privately
$3,000,000 of 1st mortgage 3Vs% sinking fund bonds at
par and accrued interest.
Bonds are dated Oct. 1, 1944,
and mature Oct. 1, 1949, and the mortgage contains a
provision for a sinking fund to redeem annually $45,000
principal amount.
They also have a favorable spread
of call prices.
The proceeds were used to redeem $3,-
against actual
$70,731.
this
has been appointed Comptroller.
Mr. Crews Joined
company in November, 1928 and has held various positions in the
company's merchandising, operating and financial divisions.
For eight
years prior to his employment by Wards, Mr. Crews was a member of
the firm then acting as the
company's public accountants.—V. 161.
p. 2112.
$17
4,291,1?0
which
was at the
rate of three or four times the level of peace-time output,
was accomplished without
increasing the number of management exec¬
utives or supervising personnel.—V. 161, p. 2112,
'
Montgomery Ward & Co., Inc.—New Comptroller—
at
$1,551,325
4,291,195
$0.36
$1,029,425
*
,•
Figures Made Public—
approximately $600,000,000.
the
Boston
the
-1944
-
Baldwin
Mr.
revenues,
projected estimate for May gross revenues was $2,280,000
actual $2,481,025 and on
the same basis net income $24,000
$37,288 in May a year ago.—V. 161, p. 2112.
that
$491,064
4,291,187
$0.11
,$0.12
,
subsidiaries
Nash-Kelvinator's
last
last
May
estimated
He
organization of the board of directors,
ernor,
1945—6 Mos
aggregate
A
Leslie F.
$510,258
4,291,110
V
of
contplete helicopters, as well as
tanks, trucks, submarines and ships.
$17,196,830,
$467,084 a
in
actual
gross
at
year
May
$4,485,005
against
Northern's
income
the
actual
$373,247
of
this
of
approximately $2,464,000
net
for
income
against
Great
would
year
revenues
net
months
projected
A
income
International
declared,
and
$4,204,000
projected
four
first
$17,904,350
he
year,
against $4,622,591 in April last
against $561,551.
This would indicate
$467,000
revenues
(& Subs.)—Earnings—
The
.
except in terms
200,000
He
With regard to current operations of Missouri Pacific's subsidiary
lines, Mr. Baldwin intimated that Gulf Coast Lines' gross revenues for
net
the
of
heretofore
$5,197,735.
Mr.
State
made
well.
up
Public
a
operating company was passed unanimously on May 7
Legislature.
The bill was subsequently signed into law
Governor
This
at
revenue
year
the
5.000
trailers,-150,000 propellers, 15,000 aircraft engines, 200,000 rocket
4,500,000 incendiary bombs, and 125,000 gun mounts since
according to George w. Mason, President, in the first detailed
on
$18,433,000, against $18,635,657
net income after all charges and
$1,074,805 in April, 1944.
gross
month
same
road,
the
over
5,i)50
bonds due Feb. 1, 1945.of this
officer
operating
7,500
1941,
reductions,
;
appointed Executive Assistant to Matthew
Sloan, .Chairman of the board, and President.—V.
under
Legislation
motors,
more
Missouri-Kansas-Texas RR.—New Official—
Donald V.
operation
Co.,
'
;
1945—3 Mos.—1944
shares..
com.
Corporation. and
*
shares presently outstanding.—V. 161, p. 2002.
common
Inc.
&
delay.
under a public body would save the citizens
metropolitan area approximately $3,000,000
Equitable Securities Corp..
.
War Production
The
income
tOn 1,243,800
.,
Evans
A.
least possible
Shropshire & Co
17,687
»■
11,500
proiit after charges
fuses,
Net
17,687
Co
2112.
Earns, per com. share
prof.
exc.
taxes
tEarned per common
&
Co.
H. Maenner, Chairman of the board,
corporation will be turned over to a
T.
this
the
Cr240,900
and
Federal
re¬
Robinson-Humphrey
Clement
Benne—
p.
Outstdg.
$2,094,414
credits—.
income
Gross
Federal
the
1943
$3,617,533
:
—_
and
Shares
17,687
and income taxes
;;
%
29,089
' *
.
opeartions
underwriter
stock underwritten by each are
The
17,689
Nash-Kelvinator Corp.
cargo
V
Corp
Period End. Mar. 31—
Quarter Ended March 31—
principal
common
After
share?
in the
Minneapolis-Honeywell Regulator Co.—Earnings—
profit, from
Boston
Fenner &
—V.
Net
Net
each
Nebraska Power Co.- -To Be Turned Over to
Power District—
the
Starkweather
536.
p.
payment date, at the rate of $0.25 per
rate of $1 per share, on the 100,000
2223
■„
,
100
than
of
name
Peabody & Co
Lynch, Pierce,
Merrill
of such
transactions
more
of
settlement
in
■ \"j\
••
First
Kidder,
certificates
several
or
the denomination
denominations
delivery
a
sold
of
regardless
.
constitute
stock.—V.
stock
of
amount
annual
stock.
follows:
The
on
sold
amount
certificates.
,
exact
the
the
an
Shares
it is announced.
Committee
the
common
as
Security Rulings of the New York
Curb Exchange on May 9 cancelled its ruling of April 13, 1945, per¬
mitting transactions in the stock to be settled by delivery of one
Accordingly,
quarterly
initial
at
of
spective number of shares of
corporation's stock transfer department is now in a position to
certificates for
its
capital stock in
the denomination of 100
shares against transfer,
such
or
Purchasers—The
Mining Corp. of Canada, Ltd.—Curb Ruling—
The
each
on
share,
shares
2112.
p.
FINANCIAL CHRONICLE
COMMERCIAL &
THE
Number 4387
161
rates
effect
to
consumers,"
immediately
the
application
consummation
upon
stated,
of
"will be put
transaction."
the
Output—
The
J
Association
reports
number
kilowatt hours
of
available
for
itn
territory for the week ended May 12, 1945, as 59,842,613^ as compared
with 39,842,169 for the week ended May 13, 1944.
1
Comparable figure for the week ended May 5, 1945, was 62,880,245,
increase
an
of
5.66%
over
the corresponding
week last year,—V. 161,
2113.
p.
7
•
1
.
.
7
.
'
.
New
A
.
'
{
.
Service Corp.—New Plan Filed
England Public
reorganization of the corporation was filed
the State Street Investment Corp., Boston,
stockholders.
•
The plan
the prompt sale of industrial interests and
the investment of proceeds in the public utility subsidiaries.
The company's plan, which has been the subject of continued SEC
hearings, would place the industrial interests in a subiholding com¬
pany, New England Industries,
Inc., and distribute its stock among
new
plan
with
May
1
and
six
The
The
of
prior
the
lien
assets
holders.
the
SEC
by
prior lien
provides for
stockholders
pany's
for
the
other
to
The
parent
company.
stockholders'
prior
common
plan
would
preferred holders
holders
would
not
company's plan provides for 60%
holders,
32Va%
holders.—V.
"to
161, p.
plain
991.
preferred
allocate
and
20%
share
to
in
80%
to
the
of
the
com¬
preferred
plain
new
stock.
be distributed'to prior lien
holders,
and
iy2 %
to-common
~
.
Telephone & Telegraph
New England
Operating
Operating
Operating
Net
10,772
$9,397,597
6,740,183
1,436,267
expenses
taxes
_
JL
income
$8,542,459 $27,746,668 $25,616,678
5,927,071 19,663,124 17,508,067
1,426,587
3,581,926
4,405,738
$1,221,147
804,230
revenues
$1,188,801
directors
The
capital
amount
was
March
follows*
760,181
May 15 declared a dividend of $1.50 per share on
payable June 30 to holders , of record June 8.
A
on
stock,
the
$3,702,873
2,265,782
$4,501,618
2,421,992
$1.50—
Pay Dividend of
like
Payments in 1944 were as
and Sept. 30 and Dec. 30,
paid on March 31, last.
31, $1.50; June 30, $1.25;
161, p. 1775.
$1.50 each.—V.
Co.—Bonds Placed Privately—The
Connecticut P. U. Commission has approved the applica¬
tion of the company to issue $3,600,000 35-year gen. &
ref. mtge. series E 3% bonds, dated June 1, 1945, due
June 1, 1980.
The bonds have been sold privately to
four financial institutions at a price that represents a
2.69% yield basis.
Charles W. Scranton & Co. and
Edward M. Bradley & Co., Inc., acted as agents for the
in this transaction.
will be applied to the retirement at 105
on June
1
1945
of $3,795,000 of the company's general and refunding
mortgage series A bonds due 1962.
In addition, $41,000 of the series A
bonds
have
been called for redemption for
the sinking fund on
June 1, 1945, at a price of 101.—V. 160, p. 731.
the new bonds
of
Proceeds
purposes;
Inc.—Secondary Offerings
Blyth & Co.,
—
stock (no
8,000 shares of common
Inc., on May 8 offered
par) as a secondary distribution at $28 lk a share.
The
concession to NASD members was 70 cents a share.
Shields & Co. on May 16 offered as a secondary dis¬
sale
stock (no par) at $26J/4
commission to dealers of $1 a share.—
tribution, 4,845 shares of common
less a
per share,
V. 160, p.
1082.
of
shares of its new
240,000
the
1944
1945
March 31—
r
costs, taxes, depreciation and depletion, and other operating expensesOther operating income
———
*
97,846
—i
__
admin,
and
Gen.
War
$1,7ai
$1'Tll'ooo
Cum.
———
income
due
stock
Common
(no
series
electric
1944
revenues
17.04%
were
Underwriters—The
the
of
number
revenues
of
names
shares
thereof
the
be
to
A. G.
Co
&
Bioren
2,100
—
Blair & Co., Inc
William
Blair
7,875
&
Co—
3,150
_
5,250
2,100
Republic Co. (Inc.)
J.
M.
1,575
R.
L. Day
Dain
&
Co
;_
& Co
2,625
Co., Inc.
$1,347,946
306,983
10,500
Co
7,875
Chapman & Co™
1,575
Field, Richards & Co._'
The First Cleveland Corp.
Glore, Forgan
$1'6^nnn
>1. M.
for
——-—.
employees' special additional com¬
Reserve, for
pensation
210,000
—V.-.161, p. 883.
$1,354,929
$0.69
capital stock
'
Earnings per share
225,000
$1,357,443
$0.69
-™-™———
.
available for dividends.,—__—
Income
75,000
75,000
contingencies—
1
10,500
Graham, Parsons & Co
4,200
Hallgarten & Co
Harris, Hall & Co. (Inc.)
Hayden, Stone & Co.__
5,250
10,500
7.Q75
7,875
Hornblower & Weeks
Hutton
7,875
Proceeds of
W.
E.
&
Co
' '
Total
1,575
.—
The
nancing—
-4,
.
inviting bids to be received at noon in Cleveland
on May
28 for $1,400,000 of equipment trust certificates.
The cer¬
tificates, dated June 15, 1945, and maturing in equal annual instal¬
ments from June 15. 1946, to June 15, 1955, are designed to provide
part of the funds necessary for purchase of new equipment costing
approximately $1,857,300.—V. 161, p. 2113,
> ,■ •
'
The
is
company
kV
1
v '
•'
.
'V,:'
its
'
>
'
.
new issue of
preferred is redeemable at $104.50 a share on or
July 1, 1946, and at premiums. decreasing one-half point each
until the redemption price becomes $100 a share.
It is redeem¬
able also for the sinking fund at $100 a share.
Under the sinking
fund provisions the company will retire in each calendar year begin¬
ning in 1946, 2% of the maximum number of shares which shall have
The
before
issued.
been
Dowell has been designated Vice-President in charge of
affairs to succeed L. Seton Lindsay, who contemplates an
retirement.
Pending his retirement Mr, Lindsay will act in
an
advisory capacity as Agency Consultant.
Dudley Dowell has been a Vice-President of the New .York Life
Bince May 12, 1943.—V, 161, p.,1885.
bus
of
7,875
1,575
2,625
2,100
1,575
3,150
2,625
1,575
5,250
1,575
1,575
1,575
1,575
7%
at
of Pre¬
ferred Stock—Mention was made in our issue of May 14
of the offering at $104 per share and dividend of 240,000
shares of cumulative preferred stock, 3.90% series ($100
par) by Harriman Ripley & Co., Inc., and associates.
Light Corp.—Offering
&
and
Preferred stock
will
redeemable, as a whole or
be
impart, at option
»
•
...
Stock
York
V..
stock on the
^
Exchange.
Purpose—The net proceeds (estimated at $24,454,000), supplemented,
(estimated at $1,962,240) to be obtained from the cash
of the company, are to be applied towards the redemption,
on
or
about June 14, 1945, oi the company's presently outstanding
by other funds
resources
dividends.
accordance
In
with
condition
a
contained
in
the order
165 Broadway, New
respect to the new preferred
predecessors of such shares, such excess amounting to $306,485.
On May 18, 1945, the proceeds of the new preferred stock and other
sufficient for the redemption of the outstanding shares of 7%
stock and $6 preferred stock will be deposited in trust wth
Chemical Bank & Trust Co., New York, and on and after sUch date
funds
preferred
will be
available
See V.
161, p. 2113.
■
.
.
*
revenues
Certain Developments
Since
Dec.
On
April
2%%
17,
series
Shoe Dec. 31, 1944
Operating
expenses
taxes
21,012,254
•Operating
Net
.
1945,
-.Net
due
sold $50,000,000 first mortgage bonds,
March 1, 1975) at 101.8% plus accrued
On
1975
1945,
13,
Power. Corp., parent,
$5,000,000 in cash;
The
(due
net
proceeds
company
additional
50,000
from
issued
the
sale
and
shares
of the
to
sold
of
Hudson
stock for
Niagara
common
above-mentioned
bonds,
and
additional
shares of common stock, together wth other funds of the
have been applied towards the redemption on May 18, 1945,
107'/< plus interest of previously outstanding $55,000,000 first mort¬
company,
at
gage
On
bonds, 3%%
April
10,
550,000
of
Hudson
Power
6%
cancellation
to'
income,
be-oised
Corp.,
been
1964;
Niagara
advances
has
for
series due
1945,
_™
income
Dr297,707
owed
by
the
cancelled the
company
to
Dividends
—™™_-
$583,189
$1,895,999
$1,701,469
587,770
507,715
1,724,647
1,495,690
161,
$103,501
$97,143
$316,415
,
of
84,902
$10,496
$10,799
$49,947
$40,873
4,605
5,357
33,188
24,174
income
The
free
$1.60
v.
;
for
bonds,
an,d Dec. 31, 1946, at prices which shall not be less than the 110
accrued interest at which (he bonds are callable as of June 1,
and
1949.—V.
.r;v
153, p. 1137.
Omnibus
Corp.
Subs.)—Earnings—
(&
1945
1944
$3,292,898
2,886,281
$2,960,754
2,636,311
$406,617
173,964
$324,443
196,922
$580,581
22,977
161,514
$521,365
36,791
200,847
3 Months Ended March 31—
Gross
operating
Operating
Net
$7.62
-
acquire
to
the SEC to authorize it to utilize '^excess
cancellation certain of its outstanding- gold
has asked
company
revenues.^.-
expenses
operating
Non-operating
and
taxes—
income
•
•
income
10 %K
income
Gross
Other
deductions
Provision
for
Federal
Provision
for
Federal
^
Net
1
%
taxes
income
profits
excess
107,189
taxes—i_
on
preferred
dividends
on
common
—V.
1660.
per
p.
Effective at the close of business
and
on
Electric
stock, common stock and class "B" option warrants at
Building, Buffalo, N. Y., and at 15 Broad Street, New York,
were
terminated.
Effective at the opening of business on
N..
Y.,
21,
1945, J.
York, N. Y.,
161, p. 1356.
P.
>
-
& • Co.
Morgan
will
act
•
as
■
-
/
Incorporated, 23 Wall Street,
agent for said issues.—
Net
sales
Costs,
annual
Jr.,
were
equivalent
meeting
President,
to
'
•.
that
for
adopted at a meeting of stockholders
of class A preferred stock formerly
was
employees.
plan.—V.
adopted
Mr.
161,
p.
approving
Schoellkopf
1246.
Other
Fed.
a
waives
stock,
and
the
income
remainder
.
retirement plan for officers
his right to participate in
k
.
.
.
437,000
2,650,700
300,000
$396,209
$553,650
$684,840
conversion
and
for
res.
conting.
profit
Notes—Provision
postwar
for
net
after
refund
operating
profit
of
providing
2235.
Bird,
who
became
a
the
and
'
profits tax,
as
-
478,100
re¬
.
shown above, is net of
a
$136,000 for the three months and $236,000
ended March
31,
1945;
results of the Canadian subsidiary
$13,196
company, showing
months ended March 31, 1945,
income, and a net profit of
ending March 31, 1945, after providing
income, are included in the above statement
for
$24,000' -for
six months
taxes
U.
excess
credit of
months
six
the
for
dollar.—V.
Maynard
p.
;
of war contracts
adjustments for civilian production.
'
renegotiation
Canadian
of
145,
—
$245,683
—
created
1929.—V.
<
2,185,000
175,000
to
retirement
$4,201,531
87,891
~ 225,600
for
in
$3,472,588
121,938
'1,737,700
150,000
for
by the
72,873
$2,564,016
54,507
934,500
converted
board
$4,128,657
90,168
198,500
$69,000
the
$3,382,420
38,419
surtax
$81,3%1
of
$2,525,598
$1,449,113
70,430
Lyons, President of The First Stamford National Bank &
Stamford, Conn., has been elected a director to fill the
Co.,
member
11,632,710
120,772
profits tax
and
exc.
The
vacancy
11,808,698
152,525
46,216
charges
including
a
Gibbs
V;
6,056,719
63,164
^
profit
normal
Net
•
..
Northam Warren Corp.—New Director—
Trust
net
•Spec.
..."
'5,786,609
81,068
».
and amort.
profit
Federal
in January, of the 25,000 shares
outstanding, 19,639 shares were
exchanged for 4V2% convertible preferred
of 5,361 shares was redeemed.
" •
•
resolution
and'
$1,402,898
expenses
Total
of
stated
$1,008
gen.
1945—6 Mos.—1944
,
$8,645,481 $15,343,643 $15,882,139
$7,270,575
selling,
admin,
Net
stockholders recently held, J. F. Schoellthe net assets as of April 30 last
each share of the 4y2% convertible
preferred stock and $13.79 for each share of class A common stock.
He further stated that in connection with the plan of reorganization
the
1945—3 Mos.—1944
—
Depreciation
-
Niagara Share Corp.—Net Asset Value—
<
Co. (& Subs.)—■
& Manufacturing
Period End. Mar. 31—
Other
At
$0.24
-Vl.'
';.V; \
2651.
transfer
sole
161,934
•
Earnings—
the first preferred stock, second
preferred
123,983
$0.25
stock—.
share
Outboard, Marine
19, 1945, the present offices
May
arrangements for the transfer of
160,
common
stock—.
$283,727
123,983
—
dividends
Earnings
$288,901
161,935
.;
Cash
Niagara Hudson Power Corp.—Transfer Agent-
•
income
Cash
1945—Month—1944
1945—4 Mos.—1944
$7,200,675
$7,518,079 $28,407,109 $26,305,642
Sales
88,754
6% series, due 2024, of which $2,000,000 are out¬
standing.
The bonds mature June 1, 2024, and are not callable prior
to June 1. 1949.
Ohio proposes to invite tenders of the 6s between
5,765,373
1,253,761
$6.55
-
1661.
cash"
debenture
36,154,910,
4,058,287
437,495
credit of
161, p.
now
35,418,795
736,115
6,319,500
$1.73
income
oper.
;
-1944
27,585,011 t32,096,623
26,331,250 26,331,250
profits tax
169,897
181,566
Ohio Power Co.—To Purchase Debentures—
1945—12 Mos.-
V;,:'7 " ^o;Py'\$
Newberry Co.—April Sales Lower—
161, p.
371
,
$299,524
27,317
Net
'j':..-;/':-v';■.
6,756,995
excess
Period End. Apr. 30—
—V.
:
59,027
'
(J. J.)
385
revenues-
-
30,399
2113.
p.
124
:
62,606
tNet income
in
the
12
months ended
March 31,
1944, was increased by about
$4,300,000, due to receipt of special dividend from a subsidiary and
reductions
in
tax accruals
resulting from sales of certain assets.—
V.
$299,895
$316,800
$97,267
128
expenses
Net
31,576,595
3,991,584
Balance
deduction
1945—3 MOS.—1944
1945—Month—1944
$103,629
rev.—_
oper.
taxes
and the
$641,107
___\™
1775.
Operating
7,715,066
958,071
Earnings per com. share
and
plant <no charges or credits to the account to-be made without prior
income..™
oper.
161, p.
Operating
6,319,500
incmoe.
this
approval of the Public Service Commission of the State of New York);
xGn April 27, 1945, the company reduced the stated value of its then
outstanding common stock by $7,500,000 through the filing in the De¬
9,143,560
2,873,098
Operating
951,098
net
$20,-
increase in surplus resulting from such
credited to a special unearned surplus;account
of book cost and depreciation of utility
9,612,670
3,600,342
income
Uncollect,
7,270,598
deductions.
Total
Niagara
adjustment
993,704
Ohio Associated Telephone Co.—Earnings—
8,108,731
838,133
income
Interest
A
Hudson Power Corp.
previously
3,113,636
1,268,668
Period End. Mar. 31—
and surrender of
8,030,465
32,886,259
Dr315,399 Drl,309,664
8,406,438
net™„
kopf,
April
12,826
19,933
4,548
$4,690,529 $15,109,011 $13,718,127
3,292,702
Operating revenues
York, N. Y. Immediate
company
interest;
-
operating
Other
V.
1944, the following transactions, among others, have
"
1
31,
effected:
t
1945—3 Mos.—1944
™
taxes
Net
'"'."V"v
65,921,040 276,501,883 260,310,869
39,911,379 170,329,860 160,258,055
17,979,196
73,285,764 64,634,019
72,731,301
43,312,609
New
been
and
______
expenses
Co.—Income Statement—
1945—3 Mos.—1944
Operating
May
1;
holders of such stocks.
to
$5,202,477
Operating
will
New York Telephone
of the SEC
stock, Niagara Hudson Power Corp.
(parent of the company) has renounced all rights with respect to the
excess
of the aggregate redemption price
(exclusive of accrued divi¬
dends)
of the 36,019 shares of the 7% preferred stock and 19,181
shares of the $6 preferred
stock owned by. it over the cost to its
with
revenues..
$11,212,-
$4,695,077 $15,128,944 $13,730,953
6,266
Operating
The 3.9%
I- Period End. March 31—
at $105 per share.
(no par)
$5,208,743
rev.
oper.
to
$16,218,943
Co.—Earnings—
1945—Month—1944
revenues
Operating
—V.
stock
stock
preferred stock as follows: viz., 144,639 shares of 7% preferred
($100 par) at $115 per share and 96,088 shares of $6 preferred^
in
Uncollectible
cumulative
the new 3.9%
company.
•After
•
respectively,
Operating
.
amounted
1944
in
company
$1,137,978, compared with
1943.—V. 159, p. 2640.
to
Northwestern Bell Telephone
days' published notice at $107
Listing—Application will be made to list the preferred
New
and
J "
stocks
preferred
sale of
the
at
share and accrued dividends if redeemed on or
of each year..,
Dakota
the
income
Period End. Mar. 31—
be redeemed by using the proceeds of
preferred stock, with other funds
preferred stock was recently sold through
underwriting group headed by Harriman Ripley & Co., Incorporated,
an
intial
public offering price of $104 per share, plus accrued
These
the
Total
before April 30, 1950,
and at $106 per share and accrued dividends if redeemed thereafter.
Dividends payable quarterly on Feb. 1, May
1, Aug. 1 and Nov. 1
per
Minnesota,
-
of
revenues
net
$884,684,
<
certificates.
stock
said
Further details follow:
of board of directors, on not less than 30
in
South
Manitoba.
Redemption—
Ji"f-J
Power
Dakota,
Operating
176,
and-'dividends.
105
•
York
transportation
North
Iowa,
early
New
a system of intercity mo¬
Wisconsin, Michigan, Illinois,
Montana, and the Province
Northland Greyhound owns and operates
tor
—240,000
payment will be made at any time on presentation
an
Dudley
stock
Chemical Bank & Trust Co.,
'
agency
will
year
for redemption on June 14, next, all of
stock at 115 and dividends and $6 pre¬
- -Payment
will be made at the
called
preferred
corporation has
outstanding
ferred
of
Co.—Official Promoted—
New York Life Insurance
..
Preferred Stocks Called for
RR.—Equipment Fi¬
St. Louis
sale, together with other funds of the company,
the
applied to the redemption of 13,978 shares of $6.50 convertible pre¬
stock, series I, on July 1, 1945, at $110 a share.
The
Greyhound Corp.
owns
approximately 51%, and the Great
Northern Ry. about 45%, of the outstanding shares of common stock
of
Northland
Greyhound
Lines,
Inc.,
the remaining shares being
owned by the public.
-
—V.
York Chicago &
pre¬
ferred
'
New
cumulative
($100) and dividends.
7,875
Janney & Co
■
Stern Brothers & Co
Stroud & Co., Inc
Swiss American Corp
__
Wheelock & Cummins, Inc.
Whiting, Weeks & Stubbs—
Harold E. Wood & Co
Woodard-Elwood & Co
Wurts, Dulles & Co._
Yarnall & Co.———
2,100
2,100
10,500
& Co.™
Preferred Stock
headed by Kid¬
be
1,575
—-
—
17 offered 15,000 shares of 3%%
May
5,250
3,150
2,100
E. H. Rollins & Sons Inc.L
Simon & Co™™™
Starkweather & Co.—_
Stein Bros. & Boyce—_™
3,150
Eastman, Dillon & Co
Estabrook &
Reynolds & Co
Riter & Co™
week ended May 12, .1945,
kwh. for the cor¬
10.0%.—V. 161, p. 2113.
Greyhound Lines, Inc.
ferred stock at par
7,875
.__
Piper, Jaffray & HopwoodR. W. Pressprich & Co
3,150
2,100
Farwell,
$1,64c'™a
Curtis
7,875
Clark & Co
(Del.)—Weekly Output—
for the
this company
of
der, Peabody & Co. and Piper, Jaffray & Hopwood on
2,100
1,575
2,625
1,575
2,100
2,100
Kirkpatrick-Pettis Co
Minsch, Monell & Co.
—
Moore, Leonard & Lynch—
Mullaney, Ross & Co.——
W. H. Newbold's Son & Co.
Newhard, Cook & Co
Paine, Webber, Jackson &
States Power Co.
output
44,978,000 kwh., as compared with 40,885,000
Northland
Shares
Ripley & Co., Inc. 23,700
Becker & Co., Inc.™ 10,500
series
Offered—An investment banking group
•
Harriman
Commission for
equipment trust
asked the Interstate Commerce
obligation for $3,500,000 of
of 1945.—V. 161, p. 2004.
has
responding week last year, an increase of
principal underwriters and
purchased by them respectively,
Shares
Equipment Financing—
Ry.—Plans
assume
Northern
several
follows:
as
to
Electric
totaled
82.96%
were
Pacific
company
certificates,
and gas operating
of the company's total operating revenues.
operating
Hemphill, Noyes & Co._
income
Total
The
authority
Herkimer,- Madison, Montgomery, Oneida, Otsego, Rensselaer, Saratoga,
Schenectady, Schoharie, Warren and Washington in the eastern and
central portions of the State of New York.
Electric and gas facilities of
the company are located solely within the State of New York and its
operations
include sales to residential,
commercial, and industrial
consumers.
Company serves widely diversified industries, among the
more important of which
are the electrical equipment,
steel and iron
(including locomotive manufacture), pulp and paper, cement, textile,
and chemical industries.
The total population of the area, including
rural territory, in which the company renders service is about 790,000.
3oldman, Sachs & Co._
Reserve
•
is
Business—Company
lnd"«tnes. Inc., with
The latter, through
Ansonia
subsidiary,
Northern
engaged primarily in ren¬
dering electric and gas service to the public.
The territory in which
company
renders to the public electric or gas service, or both,
is
located in the counties of Albany, Columbia, Essex, Fulton, Hamilton,
nz,b«u
340,817
-v
$50,000,000
z,'504,729
' •
30,000,000
24,000,000
1.300,000 shs.1,300,000 shs.
($100 par)
1
par)__
and
Organization
241,703
—
.7i
.
'J*
^
Electric Co.. aixcady owns 200,000 shares of
Triumph stock, purchased at * cost of $1,108,798.
This represents
about
42%
of Triumph outstanding stock.
An additional 18% of
494,722 outstanding shares of Triumph stock is said to be owned by
interests closely affiliated with Noma's management.—V. 161, p. 1660.
V
.V-' " .-y::u
v' ■■
.>
f.-V-'V'''• ••
its
$50,000,000
pfd. stk., 3.90%
97,327
——
——
—
Operating income
Other
bonds,
Liability relat. to Sacandaga Reservoir
$1,301,626
expenses——
expenses
emergency
series
1975
1,
R. S. Dickson &
income
"
;
,
into
and
1945,
'
reported that a consolidation of Triumph
Noma Electric Corp. is being considered.
is
It
other
Outstanding
Authorized
'
.
23A%
mtge.
E. W.
$1,718,585
83,<44
subsidiaries.-
Merger Probable—
Capitalization Adjusted to Give Effect to Present and Recent Financing
First
Curtiss, House & Co.—
$1,680,038
figures are
Canadian or English
stocks.
outstanding preferred
company's presently
Central
less
.
those for the corporation and its domestic
subsidiaries and do not take into consideration sales of the company's
entered into an agreement for the
preferred stock at $102.30 per share
company
Butcher & Sherrerd-—*
Co.—Earnings-
Quarter Ended
Total
the
1945,
Alex. Brown & Sons;
(The) New Jersey Zinc
Sales,
8,
May
plus accrued dividends;
the proceeds thereof, together with
funds, will be used for the redemption, on or about June 14,
are
,
1
(effected
On
of
♦1945
1944
$2,273,253 ,$1,637,402
—™
figure.
Note—These
16,
Valley Fuel Corp. was merged into the company on Feb.
as of Dec. 31,
1944, for accounting purposes), and
Hudson
1945
-
In
New Idea
J •Revised
•
March
New Haven Water
company
Corp.,
$3,006,127
$642,446
$732,874
Quarters Ended March 31—
Consolidated net sales
Fuel
1945—4 Mos.—1944
$2,279,848
1945—Month—1944
.,.
sales
Net
Company acquired on Feb. 9, 1945, from Niagara Hudson Power
parent, all of the outstanding capital stock of Hudson Valley
Corp. In consideration of 192,105 additonai shares of common
stock, such transacton being effected as of Dec. 31, 1944, for accounting
$8,551,102 $27,780,404 $25,640,308
8,643
33,736
23,630
$9,408,369
operating income
To
•
rev,
oper.
Operating
Net
_
revenues
Uncollect,
Period End. Apr. 30—
to
Sales Increased—
Electric Corp.—April
Noma
partment of State of the State of New York of a certificate of change
statements
respecting capital and reduction of capital pursuant
the
stock
corporation
law,
the surplus thereby created being
credited to the special unearned surplus;
4 •
of
Co.—Earnings1945—3 Mos.—1944 -
1945—Month—1944
period End. Mar. 31—
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2224
on
S.
the
three
taxes
dollars at the
161, p. 1358.
on
official
rate
of
exchange
of
the
Volume
^
Number 4387
161
Owens-Illinois
Co.—Plans New
Glass
Plants-
THE COMMERCIAL & FINANCIAL CHRONICLE
Commission.'
,
been
The
a $3,500,000 glass container plant in Longpriorities can be obtained.
Plans for the pro¬
will erect
company
view, Wash.,
as
posed plant,
Austin
Co.
"t:'-■
''0
1
The company's present plants
ended
March 31,
Revenue
,
the West Coast are located in San
Francisco, Los Angeles and Oakland, Calif.
Plans to build a new plant
on
an
80-acre site at Atlanta, Ga., were announced by the company
about a year ago.—V. 161, p. 1886.
have
as
not
1943,
taxes
restated
Net
Fed.
taxes
income
profits
Net
Net
salesJ?^'1,141,003
on
taxes';^——
not
the
Assets—Cash,
goods!,
provision. for
.cost
stores
and
assets
less
work
in
$31,365;
Dec. '31,
Treasury
of
by
deprec.ation),
investments,
$1,393,660;
refund
credit,
expenses
$10,808;
other
accrued
items,
Federal
$5,328;
income
$145,345;
State
dends
main¬
and
excess
$161,183;
Other
of assets acquired
earned
surplus
(accumulated
in
4133.
etc.
at
as
March
intangibles,
(after
31,
stock
It
sales and
gas
of
reserve
(1,620,000
preferred
shares
no
interest,
other
of
$6,240,020),
$14,577,172;
total,
Power
ac¬
-j.,
..
^
2004
pp.
Penney
Period End. Apr.
i.--1-"
,
j.
..
and
whole
of
Electric
postponed
until
June
20,
30—"
t
■
•
,
'
..
161,
1661.
p.
<J»
1
<J»
>■
• j
•
Co.
Co.
Such proposals will be received by The North American
15 Exchange Place, Jersey City 2, N. J., up to 3 p. m.,
Time, on May 22, 1945.
War
by
and
May 11 granted the motion
injunction proceedings brought
corporation for dismissal of
the corporation by Mrs. Martha Feldman of New York. /
Bard held Mrs. Feldman could secure adequate relief in
eral Court of Chancery of Delaware.
Earnings for. 12 Months Ended March 31
:tr.'
^rsrV'-:"r-y
•
Gross
operating
Maint.,
Provision
revenue-
& adm.
oper.
for
vi'77'
taxes, etc.
gen.
1944
7r
Mrs.
^
67,708,351
depreciation
Feldman,
proposed
S ^- ;^."-V$
155,201,311 142,124,760
:
exps.,
1945
■
operating
Miscellaneous
20,724,771
316,414
379,069
etc.,
Provision
Net
Divs.
for
and
Federal
etc.,
10,777,516
taxes
on
income-.:......
32,395,600
24,711,511
22,722,158
inc.
subs,
capital stocks held
on
int.
in
undistrib.
of
by
receivers
of
earns,
for
& El.
Co.
RR
in
gen¬
by
return
v..'):;
alleged
ending
liability
of
all
which
given until June 18 to file their brief.
be
to
than
more
is
submitted
argument.—V.
suits
161,
p.
1886.
8,411,601
12,522,548
8,409,847
Operating
12,522,548
Operating
$2.17
$2.29
1945
I
share
Earnings per common
—V.,-161, p. 2113.
I,
i
Operating income
$110,895
in
condition
revenues,
(& Subs.)
.)—Earnings-—-
_.
a
receive
and
Depreciation,
depletion
(other than Federal
Net
income
Other
from
income
Deductions
133,696
—
bond,
———.—
pfd.
Earnings
stock
net
pe'r
160,
of
held
subs,
14,713
12,931
$920,262
55.257
$400,965
$369,039
44,460
$356,505
$324,579
share
V
; $0.28
$0.23
•:
Period End. Mar. 31—
Operating
oper,
rev.
V
Co.—Earnings—
1945—Month—1944
revenues
Uncollectible
"
•
provision necessary for Federal
1945—3 Mos.—1944
$11,797,875 $10,492,479 $34,259,049 $30,869,986
26,798
25,500
80,130
75,500
Operating revenues— $11,771,077 $10,466,979 $34,178,919 $30,794,486
Operating expenses
8,219,515
7,355,776
22,969,162
21,675,286
taxes
2,540,751
2,122,108
7,782,868
5,936,552
act
of
on
a
com¬
plan to
a
interests
the
following
of
:
creation
of
of
$1,674,000
cash
to
a
total
bank
loan
such
the
-
.
for
a
or
supply
•
the
company
plan:"
stock
common
$4,125,960;
said
the
of
amount
remainder
■
is
would
is
he
rate
the
is
redemption
under
$1,000 bond,
per
made
April
receive
permitted
of
and
the
$950
1,
the
as
plan
If
$1,000
bond,
the
their
at
payment
a
1945.
per
it
in
the
his
would
of
of
of $50
plan
is
ap¬
plus accrued
is
$10
:
he
could
sell
to
if
each
offering
;
>
had
it
new
as
the
any
stock
and
on
would
price
is
*
:
he
stock,
value,
would
and
would
would
He
certificate
would
bond
the
the
credit
he
$950
share
redemption of his bond.
but
take
that
per
if
:
and
out
for
cash
subscribe
bond
work
stock
stock
amount
the
on
of
not
stock,
turn
shares
price
which
of
to
stock,
40
does
in cash
new
for
$950
was
retain
attached
is
to
would surrender his bond with the stock attached and
certificate for his share of stock.
The stock was issued
of
100
proposed
shares
that
for
the
each
$1,000
additional
bond.
stock
common
shall
offered
be
than
and
said
share
a
stockholder
urged
V.
$10
th6
on
basis
of
four
shares
for
new
each
10
held.-
One
bank
161,
that bonded
debt
be
paid
6ff
with
earn¬
borrowings without the sale of stock, while the other
action until the latter part of the year, when he
be better insight into the company's
cash-position.—
deferring
there
suggested
will
1432.
p.
■
*$52,516
-'H
$0.15
NOTE—-For
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Nil
"
/
•
excess
to
1,031,490
possible
order.
...
tax.
profits
.
.
1945
.
,
Route
miles
in
operation—„
1944
1,910
Pittsburgh Plate Glass Co.—Earnings—
1,737
23
*
20
Earnings for
.
.
Revenue
Revenue
miles
during period—
of planes in oper.
miles scheduled
Average no.
Revenue
16.9
"
flown
86.11
Express
i,
14.4
16.2
12,509,646
*
395,006,491 296,666,762
432,766,828 181,899,640
miles
Sheet, March 31,
1945
demand
deposits
in
banks
and
working
funds,
Treasury notes, at cost, $138,000; receivables, billed
or
accrued, $972,358; inventories (after reserve of $65,515 for obso¬
lescence), $309,484; deposited in connection with acquisition of airAssets—Cash,
$2,385,638;
U.
prepaid
expenses,
$222,953;
other
income
net
Quarter
after
all
Ended
March
31,
1945
;
charges„„_
$3,417,000
Earnings per share on 2,211,306 capital shares.
$1.55
—V.
160.
p.
2760.
Pittsburgh
(after allowances for
orders
in
progress,
$8,251;
assets,
total.
'.
Screw
Bolt Co.—Secondary Offering—
Corp. on May 7 offered as a sec¬
ondary distribution 27,659 shares of common stock (no
par) at $7% per share. Concession to NASD was 30 cents
a share.—V. 160, p. 2652.
&
The Mellon Securities
S.
cralt, $75,000; property and equipment, at cost
depreciation
of
$1,859,015);
$1,638,151;
work
$112,845;
Consolidated
58,668
29,073,259
miles
pound
84.25
139,281
miles,
passenger
pound
7
915,129
772,217
2,014,383
—
Average number of passengers per mile--——
Mail
"
2,325,270
—
passengers
Balance
Pacific Telephone & Telegraph
v",
"
.
9
part
as
Comparative Statistics, Quarters Ended March 31
Revenue
2759.
p.
-
..
Percent of scheduled miles flown.
44,460
income——_
common
56,522
494,700
public
* '',
;
Note—No
i-i'i.'.—«---—
share
per
♦Deficit.
Stations in operation
499,900
(est.)
———
by
Earnings
July
from
$1,
best
payment
'
payment
shares
a
shares
45,000
$71,128
-
on
initially to the holders of the company's general mortgage 6% income
bonds and
common
shares, who during a period of 20 days would
be given an
opportunity to acquire additional common shares at not
30,953
iVi-rr:—i
-
income
$907,331
__
profits taxes
v;JV •.')•'
125,822
$941,409
income———_
excess
normal tax & surtax
Fed.
for
Net
199,287
$956,122
from
Estimated
—V.
income)-
—
income
on
52,603
178,044
operations.——
Prov, for Fed. inc. &
Net
1,117,668
amortization—._
income
Total
Divs,
1,269,473
'
repairs.....-..-.-——
and
Prov.
the
company
called
cash
warrant
the
Dr$21,563
105
be
that
$950
old
43,039'
$116,233
—
1944
$2,402,711
47,530
......Hi.!.:—
_
Maintenance
Taxes
1945
$2,570,152
i;
.
—
income
Deductions
:
*
of
bondholder
a
his
993,288
5,338
'
equivalent.
the
ings
Quarter Ended March 31—
Operating
Operating
'
held
stock
par
shares
than
and
from
which
bondholder
receive
Dr$64,602
Other income
Total
Pacific Public Service Co.
the
for
If
$928,686
A
to
was
additional
less
principal
$550
It
$1,991,667
1,880,772
be
capital
shares,
recommended
proportionately less
higher than $10 per share.
has
will
authorized
common
receive
1944
,
$645,686'
-
plan,
will
of
receive
'
.
the
method
bonds
a
less
Balance
of
and
or
the
A
expenses
1,788,537
Quarters Ended March 31—
stockholders
redemption funds.
account
If
,
revenue
-
$678,491
•
Co.—Weekly Output—
action
not
bondholders
Pennsylvania-Central Airlines Corp.—Earnings—
22,720,932
1945—12 Mos.—1944
$57,601
•
'
and
necessary
receive
reply brief by Pennroad
The court set July 2 as the date for
by June 28.
1945—3 Mos.—1944
$4,000,000;
thereon
based
$100,000,000,
be
at
1,226
.
stockholders'
of
412,596
of
interest
Burton Pearson Jr. set May 21 as the date
Pennroad must file its brief.
Objectors to the settlement
21,972,278
stock-
common
of
proved,
'■
;
.
N.
including the price at which the stock will be
redemption, will not be determined until after
necessary authorizations have been given by stockholders.
on
of
■.
ownership.
Emerson
the
such
principal amount,
for
\
of
:
;
company's outstanding funded debt.
Taggart, President, in a letter to stockholders,
exceed
The
RR
board
new
George
1,033,129
on
a
.
for
to
the
the
w,
.
Vice-Chancellor
I
-'.-nv?..
998
Gas
Pennsylvania
and
certificate
Gould
1,444,086
shareholders
Details
Chancery, hearing at Wilmington, Del., on the petition
asking to be allowed to accept $15,000,000 from
Pennsylvania's
ended.
public
by
period
Remainder—applic. to Pacific
Dividends
on
preferred
stock
Dividends
Pennroad
were
....
minority
the
58,211,185
12,715,727
_.
discount,
income
of
67,084,603
deductions
21,973,276
•
int.,
of
appointment
usual
the
E.
offered
corporation
Pennsylvania
on
income
Gross
to
concluded
the
of
,
against
i
Court
the
of
■
Bond,
claims
of
for
Court Hearings Ended—
19,498,917
57,832,116
income
and
injunction
an
64,793,727
66,768,189
revenue.
settlement
$15,000,000
directors.
The
Net
stockholder, had asked
a
the
for the company and its subsidiaries for the
1945, amounted to 123,541,000 kwh., an increase
or 0.9%
over the corresponding
week of 1944.—
V:' '• \
-
meeting
may
'
<•>."
New York and Philadelphia
on
these obligations
in
exchange then prevailing. Cou¬
.
.
increase
its
not
on
the
in
12,
to
Issuance
Judge
by
Electric
kwh.,
shares
Ralph
'.v.;//.
against
States
output
special
board
as
Judge Guy K. Bard of Philadelphia
H.
R.
...
2114.
P.
eliminate
'
'
'
'
'
United
interest
of
rate
Orange,
and
May
.
43,437,392 159,654,269 143,071,560
• -
'
the
.
mon
Pennroad Corp.—Suit Dismissed—
at Room 603.
Eastern
electric
proposal
$
in
k Philadelphia & Reading Coal & Iron Co.—To Vote
Refinancing Plan—
•
com¬
1945—4 Mos.—1944
.
holders
bonds, due July 1, 1945, pay¬
Midland Bank in London, England,
$74,583
ended
A
" 1945—Month—1944
---v
:
of
offices
the
at
income
consideration
is
inviting proposals for the purchase as a
of common stock <$25 par) of Pacific Gas &
700,000 shares
West
Philadelphia
1886.
40,168,358
^-V.
on
Philadelphia Dairy Products, Inc. (& Subs.)—Earnings
Co.—April Sales 7.35% Lower-
V-.
•»' .••'
,
airline's
*
sterling
accrued
Period End. March 31—
$137,108,774.
foreign
C.)
tne
on
-
.
J., has been elected President, the
Thomas, Westfield, N. J., has been
Morehead, Montclair, N. J., Treasurer.
This concern is a holding company
owning the Berwick Gas Co., the
Williamstown Gas Co., the Valley Cities Gas Co. of Athens and
Sayre,
Pa., and the Jersey Shore Gas Co.
- •'
1,061,000
(J.
Richmond-Wash-
a
stop
,
option
its
and
announced.
Secretary,
161.
161,
a
permanently certificated point
a
the
at
at
pay
currency
Anton,
company
made
of
merce.—V.
that
established; and that Hick¬
as
Pennsylvania & Southern Gas Co.—Personnel—
The
has
the
3Va%
sterling
will
principal
States
Mark
week
Commission
at
must be accompanied
161. p. 2114.
;
pons
—V.
700,000 Shares of Common Stock—
Co.
that
mortgage
pounds
United
for
Pacific Gas & Electric Co.—Proposals for Purchase of
American
in
maturity
and
current
announced
company
at
par),
$359,208;
is
the
stock
accrued
Sales
The North
route, be made
161, p. 2114. '
consolidated
able
$5,259;
amount
Federal
route be
certificated
Pennsylvania RR.—Pays Sterling Bonds—
1945
representing
V.
liquidation of subsidiary),
earnings after dividends and
p.
Sheet
$103,549;
$5,597,217;
the
...
capitals;
adjustments
year-end
the
in
charges), $1,895,467; total, $4,346,271.—V. 152,
temporarily
that route.—V.
1944,
to Canada, and
(2) a certificate of public convenience and necessity
authority to construct and operate additional facilities for the
transportation and sale of natural gas in interstate and
taxes,
provision for retroactive wage increases, $25,000;
deferred
(machinery rentals collected in advance), $12,723; reservfe for
contingencies (provided from profits of years 1939 to 1943), $50,000;
capital stock (outstanding 202,162 shares of no par value), $1,684,392;
credits
(excess
and
31,
pany for:
$38,207;
$289,107;
capital surplus
certain
income
March
hearing previously set for May 15 on applications filed by this com¬
(1) authority to export natural gas from the United States
other credi¬
profits
to
for
ending
Hearing Postponed—
nominal
taxes,
effect
Provisions
period
resently
—V. 160, p. 2547.
*
payable (trade creditors,
$186,865; accrued Federal and
give
output.
months
gas service revenue impounded pursuant to
deferred liabilities, $1,164,959; reserve for de¬
depletion and
amortization, $20,903,405;
other
reserves,
surplus (restricted as to payment of common stock divi¬
$1,247,641;
fixed
industrial
ington-Pittsburgh-Detroit-Chicago
Net
The
Liabilities—Accounts
$41,520),
and
12
Balance
plant,
liabilities,
its
among
Knoxville-Norfolk
excess
the
$87,638;
taxes,
,
included
preciation,
of
(at
be
ending
ory,
to
contracts,
accrued
unamortized
and
patents
period
nine
Court Order $20,067,441;
of
$27,657;
months
12
the
for
1944.
cumulative
crued
after
value
in
construction
prepaid
$20,798;
progress,
and
par,
canned
lower
(at
decline
for
at
(net
(included in the
taxes
$20,250,000;
(par $100), $13,846,500;
mortgage
bonds, series A, due serially Nov.. 1, 1946, to Nov. 1,
1950, inclusive,
$6,250,000; mortgage bonds, serieS'B, due Nov. 1,
1960, $12,000,000;
mortgage bonds series C, due Jan. 1, 1962, $8,750,000; serial
notes,
series D, due Nov. 1, 1945, $1,250,000;
10-year 2%% debentures, due
June 15,
1953, $10,000,000; accounts payable, $558,482; dividends de¬
clared—preferred stock, $193,851; matured long-term
debt,
5.60%
$1 per
for
debtors
profits
excess
to
Liabilities—Common
profits
through
notes,
receipts
inventories
of $54,000
loans
$703,952;
savings
other
$389,674;
provision
post-war
and
value), $1; total, $4,346,271.
tors,
$2.47
,
.
excess
1944
tax
warehouse
trade
accounts),
less
supplies),
(cost
tenance
taxes,
value
S.
(secured
accounts
doubtful
market
or
$505,023
$1.90
and
income
important Gulf seaport with industrially-important Pittsburgh, and
York, by a direct airway.
In another proposal, PCA asks that Charlotte and
Winston-Salem
New
.
and
for amortization of gas sales
purchase contracts, $2,710,515), $847,732; other investments, $329,cash, $5,305,658; special deposits, $890,344;
temporary cash in¬
vestments, $2,210,000; accounts and notes receivable includ. $782,451
which will; when
received, be impounded pursuant to Court Order,
$3,032,665 (after reserve for doubtful accounts,
$135,673), $2,896,992;
material and supplies, $1,197,542; cash
impounded pursuant to court
order, ,$19,284,991; prepayments and other deferred charges, $597,467;
total, $137,108,774.
" 413,434
the annual dividend of
year,
Sheet,
U.
receivable
$213,927;
Federal
2225
has
041;
paid.
$1,254,427;
notes
.£71,830
$387,587 7-
Court
and
918,456
applicable to the years 1940
consecutive
Balance
$300,000;
,659,417
$1.51
additional
1944 but
and
'
221,238
$1.66
the
sixth
declared
was
y,„
$307,246
snare-
include
Note—For
528,484
*281,792
taxes of $36,066 paid in
1943.
• :v".
'
share
1,256,761
,$335,356
,
profit per
$6,397,650
951.434
purchase
excess
profit
♦Does
$6,100,443
' 828,043
'
.617,143
;
and
1942
$5,278,354
$8,107,676
profit
before
'1941
1943
1944
sales
Gross
Net
Assets—Gas
Supreme
give effect to retroactive relief granted by the
Feb. 25, 1944, from excess profits taxes
for
of Dec. 31,
before 4he
enacted
Condensed
Calendar Years—
1943
attributable
been
made
Pacific Can Co. (Nev.)—Annual Report
rehearing
income
31,
do
of
profits
excess
for
Dec.
1944)
Act
income
on
for
...
Provisions
months
on
petition
filed.
(2)
.
which will include" 14 buildings are being prepared by the
as
soon
A
(H. K.)
Porter Co., Inc.—Earnings—
Quarter
Earnings for
Unfilled
Ended
March
31,
1945
J/$28,000,000
sales
Net
income
.
,
orders
Net
8,839,421
after
all
charges,
Federal
income
and
excess
___
Operating
profits taxes and provision for preferred dividends
$5,862,680.
Liabilities—Accounts
Net
Net
income
oper.
income
—V.
$1,010,811
$989,095
3,488,424/.
•
161, p.
$3,426,889
$3,182,648
3,352,167
5,341,342
"4,972,241
1776.
Panhandle Eastern Pipe Line
1945
revenues—Gas
Gasoline
Other
_.
1.
——
Total
—
533,211
.
—
$422,214;
1,000,973
131,526
$24,091,918
$19,734,995
Operations
—;
6,707,692
—__——
1,074,237
645,014
depreciation, deple. & amort.——
Stata, local and miscellaneous Federal taxes—
3,512,957
3,251,837
1,023,052
863,861
Federal
income
taxes--
2,715,788
Federal
excess
profits
2,285,000
1,210,000
taxes,
em¬
Aircraft
Co.,
it
which
plane.'
is
/
>
an
/
agreement with
the Douglas
Inc., for the purchase of 15 Douglas DC-4 airplanes
estimated, will cost approximately $400,000 for each air¬
with this agreement the corporation has de¬
agent $75,000 representing the first instalment
under the agreement.
The company may cancel its purchase agree¬
ment if production is not begun by July 1, 1946
In
posited
gross
Provision
Net
for
Other
revenue—
funded
debt
on
interest
amounts of
to
a
1,985,000
deductions
the
$9,073,661
reduction
in
12
$5,856,320
1,018,125
53,527
214,676
$6,073,228
'.
For
$7,073,191
1,053,490
—
$5,052,871
»
(net)
income
Notes—(1)
Sept.
.————_—
taxes
operating
Interest
Net
revenues
months
ended
March
31,
1945
and
1944,
and $7,350,542, respectively,
rates
ordered
by
approximately equal
the Federal Power Commission on
have not been included in gas revenue but have set
aside in a special deferred credit account.
The Circuit Court of Ap¬
peals for the Eighth Circuit on June 6, 1944,. after a review of the pro¬
ceedings, affirmed the 'rate reduction.
The U. S. Supreme Court on
23,
April 2,
1942,
1945,
affirmed the rate reduction order of the Federal Power
v
nation.
will
that
terminating
would
Chattanooga
to New York.
provide
New
the
on
result
;
.
of
banks
from
with
ruote
creation
by PCA,
$0.44
-
t
r
Portland Gas & Coke Co.—Bond
The
company
has called for redemption
•'
Redemption— \
on
June
8,
next,
;7*;,
$44,000 of
general mortgage 4'/2%
gold, bonds,
due
1940, extended to Jan. 1, 1950, at par and interest.
Payment
will be made at the Bankers Trust Co., corporate trustee, 16 \y&H St.,
outstanding
New
first
lien
and
York, N. Y.—V. 161, p. 2114.
.
Public Service Co. of New
'
~
i-
.
I
,■<
^
Net
Memphis
with
new
direct
air
service
to
of
the
PCA's
.:
*
Gross
;
-
Mobile, Ala.-New York City route is also proposed
which would result from an extension of the airline's present
York-Birmingham route.
By this extension,
PCA would link this
income
inc.
income
Pfd.
div.
$9>,818,l49
7,566,299
$2,189,966
$2,251,850
Z)r490
9,769
j- 1,327
$186,890
$183,678
Dr376
$2,199,735
$^2531177
,
64,277
requirements.
66,919
810,686
"-'850,855
$119,025
$119,971
$1,389,049
$£402,322
55,816
Federal
161, p.
taxes.
168,900
55,616
669,797
*731,995
159,100
1,163,600
1,176,700
.
V.
,
-V.
7,582,579
>
$183,302
income
♦Incl.
o
tyrx
.
Electric
for
output
the
of the
week
ended
operating companies
May
12;
1945,
served
totaled
by
-
this .corpora¬
189,526,000
kwh.v
188.317 000 kwh. f™- the corresponding week lapt
increase of 0.6%—V. 161. p. 2114.
compared with
an
j".)
1886.'
Public Utility Engineering & Service Corp
tion
M.os.^-1944
$9,772,545
631,792
$187,380
628,396
'
(net)—
1945—12
$819,172
$812,074
—
exps...—
Deductions
route from Birmingham
a
oper.
Non-oper.
the Potomac.
A Memphis-New York
Integration of the proposed Memphispresent direct
revenues
oper.
Hampshire—Earnings—
1945—Month—1944
Period End. April 30—
Operating
Net
Washington and New York are sought by PCA. The new route from
Memphis would include service to Chattanooga, Asheville, Charlotte,
Winston-Salem, Greensboro, Raleigh, Richmond, and Lynchburg, before
The
share
161, p. 2114.
♦Total
Improved air service to many Southern cities is proposed
by PCA in applications filed with the Civil Aeronautics Board. Hear¬
ings on these proposals will be held on May 28.
PCA
proposes to provide the South
with new and augmented air
routes which it contends are needed for the fulfillment of adequate
air transportation service to this industrially important region of the
route
common
*
escrow
and
Routes
—V.
per
connection
with an
Expansion of Service Proposed—
New
Earnings
the
5,622,964
Maintenance
transportation
total, $5,862,680.
$1,094,044;
Note—Corporation'has entered into
1944
$22,916,698 $18,602,497
642,009
—
——————
payable,
ployees' withholding taxes, etc., $236,027; accrued liabilities, $306,374;
provision for Federal income taxes, $365,302; deposits o« - air-travel
card
accounts; $161,981; unearned transportation revenue, $24,226;
capital stock (par $1), $474,460; capital surplus, $2,778,052;. earned
surplus,
Co.—Earnings—
12 Months Ended March 31—
Gross
-164,170
_
«.s
year,
"i
.
Earnings
$0.92
depreciation, Federal taxes, all
•After interest,
108,251
$6,201,456
3,028,880
390,596
433,424
$5,605,150
2,827,725
361,826
434,384
289,344
expenses
$1,452,855
757,096
87,497
108,391
244,211
1,087,006
928,049
$326,313
$255,660
20,183
$1,261,550
110,204
$1,053,166
78,471
$1,596,333
revenues-
oper.
789,269
—
83,156
Maintenance
—
Depreciation
—/
(inc.
Operating income
21,588
net
income,
Other
—
Bitting, Jones & Co., Inc..
Blyth & Co., Inc._____—
Dillon, Read & Co., Inc—
Harriman Ripley <5c Co.—
$275,843
192,958
$1,131,637
782,078
$1,371,754
191,728
809,173
Brothers
Securities
160,
Total
$2,107,011
493,934
413,224
1,431,222
29,577
31,085
88,732
65,477
97,193
19,739
8,810,755
elevators
Total
udm.
•
$759,815
$1,625,407
$309,412
$588,364
21,899,208
25,246,314
19,177,331
—7,248
—14,682
$581,244
$302,164
Other
$744,091
$707,189
inc.—
21,039
19,077
$1,610,725
38,526
income—
$560,205
$283,087
$1,572,199
&
gen.
5,259,541
12,307,198
3,646,854
414,364
9,592,010
12,670,695
971,403
11,198,801
12,575,619
income
1,314,784
;
Extraord.
(credits)
Cr4,000
Drll,421
36,902
161,
—v,
$283,087
200,750
1,126,840
503,450
surp.
$155,504
$82,337
$427,180
$203,739
inc.
$141,089
88,234
$43,457
$88,575
1,400
4,200
118,627
226,614
338,000
1,427,000
4,905,000
1,611,000
2,318
Cr65,674
1,136,523
20,130
2,914,732
39,550
3,682,569
39,545
3,248,145
39,290
593,923
1,187,831
1,674,287
1,472,763
2,977,400
,
v
'li'y
dividends
—
dividends
—_
161,
1943,'
in
$859,500
1844,
in
$545,000
$185,000
and
in
ordinary inc.—
$91,876
$184,557
$253,625
$503,171
inc—
5,789
2,302
10,747
bef.
Fed.
ord.
income
Net
Deducts.-fr,
for
Fed.
inc.
exc.
profits
Net
income
Net
to
profit
$131,844
$86,080
$346,163
$715,600
69,600
46,300
171,000
549,800
&
taxes-
E.
claims
under the plan which classifies them as general creditors
equity in the new company.
Attorneys in the Frisco pro¬
ceedings do not believe this action will delay reorganization of the
railroad unless the plaintiffs in the meantime secure a reversal of the
without
any
161,
$242,878
144,506
182,518
400,518
$22,581
$37,749
$60,360
$100,748
Net
$165,800
$175,163
$39,780
$62,244
—
Dr48,100
Cr2,300
161, P. 1468.
N. Y.—New Vice-Pres.—
director, has been elected Vice-President
succeed the late George P. MacDonald.—V. 161, p. 2115.
F,
Marc
Braeckel,
Comptroller.
subsidiary.—V. 161,
p. 1359.
group headed
to
a
stock
common
Months Ended March 31, 1945
Three
Account
income
Income
has filed a legislation statement with the SEC for
common stock (par $1).
offering to holders of its common stock of record
May 31, 1945, the new common at $3 per share at the ratio of one
share for each two shares; held.
Reynolds Metals Co., which owns
61.47%
of the common stock of Richmond will, if necessary, waive
rights to the extent required to provide shares for stockholders other
than' itself.
Otherwise Reynolds will subscribe to its full share, and
will also purchase at $3 per share any stock not subscribed for by
bonds—
on
Provision
Federal income
for
income
Net
and expense—
applicable to income—
taxes,
cost
:
in
securities based upon
-
—
Balance
banks
133
,
$5,547
—
—
_
Net gain realized from transactions in
average
442
—
$13,804
—_
Sheet, March 31, 1945
*
receivable,
$1,673,839.
due
for
($1
for
surplus
1231.
p.
v
preferred stock, Series B ($10 par), $109,920; common stock
par), $266,448; capital surplus, $1,166,712; undistributed income,
special
(deficit),
total,
$526,269;
$1,673,839.—V.
160,
v..;
.
Farmers
Agent—Chemical Bank &
Trust
Trust
Co.
Registrar—City Bank
Co.
Authorized
i
Preferred stock
(par $100):
preferred
Common
stock
Co.,
V.
"
which
158,
Outstanding
$25)
for
the
1,600,000 shs.
carrying
of
and
inventories
791,896 shs,
accounts
receiv¬
able, and for the purchase of U, S. Government securities.
As of
April 30, 1945, company had outstanding $5,935,000 of 180-day notes
bearing iy2 % interest and maturing at various times on or prior to
Oct.
30, 1945, which the company may prepay at any time without
premium.
Primarily because of increased inventories, the company's
short
term
Company
borrow
borrowings
anticipates
from
banks
for
carrying
the
balance'of
made.
and
the
net
sgJe
is
of
future
to
finance
to
$13,264,000
may
its
find
any
in
it
particular
No
Dec.,
1944
to
necessary
seasonal
receivable.
accounts
proceeds
it
was
of
animal
feeds
Cliotys,
retail
the
stores
are
purpose
has
been
incorp. Jan. 8, 1894 in Mississippi.
Com¬
engaged primarily in the processing and
in
the
trade
as
Purina
Chows)
sold.
As
a
and
In connection with the manufacture and sale
company
operated
processes
soybeans and
sells
soybean
primarily for the sale of the
supplement to its other business with
of
oil
company's
product? but merchandise made by others, largely for farm
also
is
International Utilities Corp.—
of
subsidiary
a
— —
farmers
use,
and
feeders, the company manufactures and distributes sanitation products
for the elimination of parasites and the prevention of animal diseases.
Recently the company began the distribution on a small scale of farm
supplies which are used primarily in connection with the consumption
in
of
successor
1866.
in
1945—4 Mos.—1944
$3,541,628 $3,301,595
Company
mtge,
3%%
1, 1961
cumul.
($25, par)
Cost
sales,
of
less
goods
Selling,
sold
general
Other
;
1945
profit
__—
administrative
and
a—
—
Income
1944
$8,216,107
5,851,125
384,742
$1,702,867
(interest
etc.)
_
expenses—
cash
and
—-
_
$1,980,241
discounts
76,578,
25,289
-
—
._
income
Total
Other
normal
•Federal
State
Net
income
tax
10,000
per
common
Note—No
from
share—"—
retirement
provision
credit
has
been
and
—
postwar
made
for
$544,068
$0.46
——
11,000
$448,914
tax
debt
1,396,000
8,241
—
____——_
income
•After
$2,056,819
18,751
87,000
$1,728,155
.__
—
surtax.
excess-profits
Earnings
result
——
and
87,000
1,174,000
_:
deductions
Federal
$0.56
refund.
liability
any
and
E
($25
*The
income
and
$821,937; accrued taxes (other than
excess-profits
taxes),
payroll, etc., $1,290,987;
payable,
for Federal income and excess-profits taxes
(after U. S. cer¬
of indebtedness, and-Treasury tax notes and accrued interest
thereon, $3,724,640), $1,335,116; 15-year 3V2%
sinking fund deben¬
tures, due Feb. 1, 1960, $3,000,000; note payable to bank (2 V2% ) in
emergency
plant
facilities
contract,
A,
secured
and
serving
company
water
Stock
•
be
:
80,000 shs.
120,000 shs.
provisinos
of Income
'
30,000 shs,
were
None
80,087 sh&
issued provide
indentures.
of the
Statement for
that
subject .to legal
issued in unlimited amounts,
restrictive
^
'
$3,498,000
v
which these bonds
under
may
the
Years
Calendar
\
1942
1941
$833,5841
4,677
$861,606
6,781
$994,826
$945,043
$868,387
$846,723
359,492
344,893
355,669
344,875
92,717
90,279
1943
$988,778
$940,366
6,048
revenues
expenses
for
Outstanding
due
,
income
___
depreciation
"
;
-
8,139
86,002
82,058
interest
131,550
132,450
133,357
134,319
Other
interest
1,058
390
3,485
3,571
591
3,566
3,903
Amortization
Prov.
for
by
______
Federal
income
on
Net
194,865
Preferred
dividends
Common
dividends
Balance
$211,694
35,626
—_
surplus
35,626
35,626
27,309
160,174
120,131
140,152
$15,894
$39,094
$37,667
$2.20
$1.99
$2.22
$15,859
stock
com.
74,810
$205,123
•
160,174
—_
Underwriters—Until
94,351
$194,851
161,766
$211,659
—
Per share of
1,630
taxes
income
$2.20
»
March
of the 79,739 shares of
common
stock, comprising 99.57% of the outstanding common stock,
were owned by General Water Gas & Electric Co.
On March 29, 1945,
the several firms and corporations listed as selling stockholders under
the heading
"underwriters'' purchased from General Water Gas &
Electric
Co., for an aggregate consideration of $2,830,734 in cash,
shares' of
The several
such
of
of
shares of
such
common
all
corporations named below are principal under¬
numbers of shares of
stockholders
selling
names
1945,
29,
stock.
common
firms-and
the respective
General
from
stock owned
stock acquired
common
Water
stockholders,„ and
selling
the
Gas
&
Electric
respective
by each of them, are
as
Co.
numbers
follows:
No. of Shs.
•
Owned
Union
Securities
Harriman
W.
C.
Corp
& ,Co.,
& Co
Langley
Kuhn, Loeb
&
Inc
Weeks
to
whom
the
the
effective
selling
agreed
the
their
of
7.43
—23,803
subunderwriters
demand
14.86
5,951
date
to
the
of
•
29.72
<
& Co—
Subsequent
17.84
11.301
several selling stockholders entered
among
29.72%
14,281
—
% of Class
23,803
T
Ripley
Hornblower
reserve
with
water
par)
Other
The
tificates
connection
($25
revenue—
by
1945
(nominal value), $2; total, $16,564,169.
Liabilities—Accounts
series
par)___
bonds
writers of
(at cost),
$3,870,567; accounts and notes receivables (after reserve for doubtful
accounts,
etc., $151,348),
$2,208,811;
inventories
(after reserve of
$84,918), $3,102,399;
miscell.
assets and deferred items, $1,762,345;
emergency plant facilitis, $244,496; fixed assets
(incl. $3,664,727 being
amortized over five, years; amortization reserve, $2,632,752), $4,735,549;
Federal
utility
_
regulation and
may
Assets—Cash, $3,870,567; U. S. certificates of indebtedness
patents
Jose
public
bonds,
indentures
additional
79,739
which
renegotiation.
Balance Sheet, March 31,
Francisco,
Bond
$7,705,257
5,567,671
434,719
allowances-
returns &
San
a
San
;
preferred stock, series A,
Common stock
Total
discts.,
the
is
Francisco,
1931, San Jose Water Works is the
Water Co., which was incorporated
—————————40,000 shs.
preferred series B. vC, D
'
*
Cumulative
Provis.
Corp.—Earnings—
3 Months Ended March 31—
San
City of San Jose, Town of Los Gatos, Village of Saratoga, and
adjacent territory, all in the County of Santa Clara, State of Cali¬
fornia.
The estimated population of. the area served is 120,000.
Operating
Gross
of
York
the
Gross
161, p. 1809.
Rustless Iron & Steel
Bank
New
1944
Stores, Inc.—Sales—
1945—Month—1944
$886,363
$931,080
Period End. Apr. 30—
of
are
(known
Co.,
Summary
requirements
allocation
1
Purina
89
total
a
the
and
and its subsidiaries
feeding ingredients.
own
in
orhers
inventories
Company-^-Company
pany
reached
that
ultimate
196.
p.
earned,
Purpose—The greater part of the net proceeds ($10,274,000) will be
to reduce or eliminate short term notes payable to banks and
incurred
stock of Rockland
100,000 shs.
used
others
turn
in
Rose's 5, 10 & 25-Cents
Gross
250,000 shs.
stock—
(par
National
Trust
Company—Inc. in Calif. Oct. 24,
4%%
the ground that in this instance single control of a
gas system by a company serving electricity in the same area is not
in the public interest.
Rockland Gas Co, is controlled by General Water, Gas & Electric
Sales
Capitalization Adjusted to Give Effect to Present Financing
3%%
First
Guaranty
Authorized
disapproved a petition
purchase by this company of all the capital
of the proceeds from the sale will
none
Funded Debt and Capital
Offered—Kidder,
Peabody & Co., Goldman, Sachs & Co. and associates on
May 15 offered a new issue of 100,000 shares of 3%%
($100 par) preferred stock at $105.50 and dividend.
Transfer
Crocker
1st
Co.—Purchase Denied—
($25
share:
per
company.
Disapproved—
below.—V. 158, p. 294.
Co., Inc., on
—V.
Ralston Purina Co.—Preferred Stock
Co.,
Commission has
York Public Service
New
the
Gas
6%
$5,813;
Light & Power
Rockland Light & Power
The
•7'/" ' '
for capital shares
taxes, interest and expenses, $6,533; dividend payable—preferred stock,
$2,355; due for redemption of scrip certificates and fractions of shares,
$858: collateral secured 4'/2%
convertible bonds, Series A, due 1950,
$332,000; 6% preferred stock, Series A, convertible ($10 par), $47.-
070;
1887.
p.
at $40
company
Transfer
Agents—Bank
of America National Trust and Savings
Assn., San Francisco, and Kuhn, Loeb & Co., New York. Registrars—.
Dec.
purchased but not received, $261,200;
purchased but not received, $1,199; accrued
due
Rockland
See
scurities
for
161,
Rockland Gas Co., Inc.—Sale
securities
;
Liabilities—Due
stockholders.—V.
other
(held by custodian),
$5,477;
is
company
the
:
$353,956; dividends and
sold but not delivered,
$33,159; due for commoh shares sold but not delivered,$2,206; accounts
receivable, $138; U, S. Treasury obligations owned, $269,531; market¬
able securities owned, $998,976;
prepaid expenses, $1,854; debt dis¬
count
and expense,
$8,540; office furniture and fixtures, $1; total,
Assels—Cash
interest
shares of
The
3,735
«,
—
debt discount
Amortization of
company
333,333
5,962
Interest
The
•
$15,819
.
—
of the
principal members of the group are Harris, Hall
& Co., (Inc.), Harriman Ripley & Co., Inc., W. C. Langley & Co., and Hornblower & Weeks.
The shares being
offered represent 99.57% of the outstanding common
stock. They were acquired from General Water Gas &
go to
Richmond Radiator Co.—To Offer New Common—
banking
Other
Electric Co. and
Republic Investors Fund, Inc.—Earnings-
Stock Offered—A
—
by Kuhn, Loeb & Co. and Union Securi¬
ties Corp. on May 14 publicly offered 79,739 shares
par)
$213,900
$175,163
.$42,080
$62,244
Richfield Oil Corp. of
-
161, p. 2115.
San Jose Water Works
profit
—V,
1887.
p.
order.—V.
Mr.
Mahaney has served as General Manager of the company's
Panelyte Division for the past ten years.
Mr. Brothman will retain
his present position as Treasurer of the Skenandoa Rayon Corp., a
Fed.
after
post-war refund of
excess
profits taxes.
earn.
surplus
—V.
$182,255
63,506
)
inc.—
Appeals
estates
Moore's order ap¬
H.
George
Appeals
man
1945—9 Mos.—1944
Est.
$501,266
$86,087
y
——
net
Judge
1945.—
Earnings-
1945—3 Mos,-*1944
taxes—
6,906
fr.
District
S.
St. Regis Paper Co.—New Vice-President—
taxes
Deduct,
U.
of reorganization.
^r:;. • •
are filed in the names of Lola Brooks, administratrix, and
Dikis, administrator who hold judgments rendered against the
railroad in Oklahoma courts and are protesting treatment accorded
•
1887,
p
of
order
the plan
proving
John
Period End. March 31-
607,910
Gross
Ry.—Appeals Against Plan-
St. Louis-San Francisco
4,200
inc.—noncomunca.
Ord,
68,752
210,000
1023.
p.
the
——
Proiit
$103,939
1,400
inc.
$259,253
68,752
210,000
have
profit
Prov.
75,136
$28,151
communicat'n
Oth.
$237,977
68,752
210,000
i
dividends
stock
161.
28,443
237,660
$267,066
_____
dividends
stock
16,075
198,802
taxes—
from
Republic Drill & Tool Co.
$132,967
236,906
-
exps.—
rev.
prof,
C. R. Mahaney has been elected Vice-President and Charles A. Broth-
operating loss—
oper,
Net
16,040
221,594
retired
exc.
income
Preferred
—V.
&
916,937
598,000
1942,
1945—3 Mos.—1944
$44,777
$46,985
revenues-
44,144
184,714
8,753,483
pr,
Preferred
America—Earnings-
1945—Month—1944
------—
$1,101,666
347,452
344,320
1,170,411
1,398,000
7,734,500
1,675,000
V.
229,664
Total
184,658
bds., etc.
13,985,480
taxes—
income
of
Common
,v
.
Radiomarine Corp. of
oper.
36,849
184,025
debt
bonds
on
for
their
$707,189
397,280
Period End. Mar. 31—
Total
44,144
•
1,382,356
exc,
inc.
2114.
p.
$1,062,825
44,144
37,128
—_
•
,
10,563,413
excess
Adj.
$552,784
earned
to
,
funded
lower court's
Eal."
■
649,377
profits tax
years' Fed.
profits tax cred.
Federal
$1,554,020
net
from
22,585
$1,106,963
336,966
income—
4,061,218
Dr30,621
Net income
Deducts,
25,116
$1,080,770
20,896
separate notices of appeal to the U. S. Circuit Court of
been filed in Federal Court at St. Lcuis on behalf of
charges
Other
Crl2,442
(cjhgs.) —
inc.
inc.
$1,040,240
Two
•Fed.
Extraord.
Premium
7,978,530
774i953
Net
ord.
78,388
$1,081,847
—
+'
-
on
Common
expenses
1
■
Exchange, deductions
Provision for depreciation
—15.724
—7,120
income-
fr.
ord.
203,802
73,170
239,202
8,906,395
Total,, income
Net
282,932
41,603
21,221
44,876
15,126
17,475
inc.-
Ord. inc.—Non-comm.—
Deducts.
316,647
—
Amort, of exp. of issues of
Prov.
income
publicity,
Sell.,
$738,594
$1,580,531
$294,286
$570,889
revenues-
ord.
18,938,128
261,666
Interest
Net
income
Gross
24,984,648
156,295
._
:7' **
■
Oper.
21,742,913
95,640
services at
from
Earns,
3,647
1,745
1,173
>
er-
sales-
of
6,000
rev.
communic.
Other
Cost
59,493
2,000
582
oper.
1943
$1,362,960
income taxes)—
income
Total
'7:
85,265,550
66,327,421
57,522,286.137,095,716 121,572,954
43,711,532 115,352,803
96,588,306
—
'
.
1,202,084
—
other operating
'•
operating
Other income
Years Ended Sept. 30
1944
,
1943
1942
$
" $
$
End.
$
$3,167,707
deductions
r
1944
$1,396,342
admin., etc
than
(other
Taxes
Net
Income
Consolidaed
of
Feb,28,'45
'Net': sales
$761,507
$1,116,230
Uncollectible revenues-
Net
maint.,
Statement
1945—3 Mos.—1944
21,248
Depreciation —
Taxes—Operating
All
revenue
Operation,
2,500
—
Co.)
1945
$1,440,097
12 Mos. Ended March 31—
5,000
Inc.—Earnings-
1945—Month—1944
expenses—
oper.
Operating
2,000
Weld & Co
White,
Saguenay Electric
Except
Subsidiaries,
Fully-Owned
(Including
■
revenues-
oper.
1,000
.
?
*
Period End. Mar. 31—
Total
1,000
Stifel, Nicola us & Co., Inc.
G.
H. Walker & Co.
5 Mos.
C. A. Communications,
R.
Co.—_—
7,500
2006.
p.
Co.—1,000
Starkweather
2,000
Corp
$349,559
$562,581
$82,885
$156,173
Income
Net
-V,
Smith, Moore &
Beane
&
1,000
I.
7,500
&
161, p. 2115.
Ltd.—Earnings—
Saguenay Power Co.,
9,000
Lynch, Pierce,
Fenner
& Co
Simon
by 31 firms; 1,495 was
allotment, 10 the smallest.—V.
the largest
7,500
„■—
—
Mellon
Merrill
M.
made on a basis of
14,665 shares and allotments were
57.3%. There were 79 purchases
5,000
Gardner—
&
Reinholdt
Offering—A special of¬
Safeway Stores, Inc.—Special
per share, with a commission of 45 cents, by Paine, Web¬
ber, Jackson & Curtis. The shares were oversubscribed,
in the elapsed time of 15 minutes. Bids were received for
,,
18,000
18,000
1,000
Kidder, Peabody & Co.—
Hill
$347,901
income
Gross
Total income deductions
.
Shares
Morgan Stanley & Co.——
9,000
Newhard, Cook & Co.—2,000
Shares
of predecessor company, held in treasury,
total, $16,564,159.—V. 161, p. 2115.
(12 shares), Dr$57;
cost
fering of 8,400 shares of common stock (no par) was ef¬
fected on the New York Stock Exchange May 15 at $22
,
Goldman, Sachs & Co.—
for in¬
prov.
tax)
come
at
Underwriters—The names of the underwriters, and the number of
shares
of preferred stock,
which each has agreed to purchase are
as follows:
'K'"
<vvfv:
-/■'
1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. Mar. 31—
Taxes
Separately)
Company
of
(Earnings
;
shares
fractional
(representing
stock
common
accumulated in retiring stock
wholly-owned Missouri subsidiary of the company, under which the
subsidiary will operate in its name, but for the account and risk of
the
company,
the properties to which title was acquired by the
company as a result of the merger Into the company on May 9, 1945,
of
its
wholly-owned subsidiary, The
Denver Alfalfa Milling and
Products Co. (Colo.).
v
■■ ■'
other charges and de¬
919-
$7,647,371;
surplus,
Ry-Krisp wafers, the latter being a product of whole rye.
_
The company has entered into a contract dated as of May 9, 1945,
with Denver Alfalfa Milling and Products Co., a newly organized and
Electric Co.—Earnings—
Queens Borough Gas &
Operating
$0.85
share
per
duction for minority-Interest.—V. 161, P.
Total
$1,747,856
655,976
outstanding—_—
shares
Common
$1,942,173
712,867
—
—
common
its total
of
income—_
net
nroiit
•Net
serve
pany's
'
16 Weeks End. April 21—
Consol.
$244,496;
assignment of reimbursing payments from Government,
re¬
for postwar adjustments of inventories and other assets, $640,000;
stock
(par $lt, $926,547;
capital surplus, $657,773; earned
Chows.
The foregoing is the largest portion of the com¬
business, accounting normally for approximately nine-tenths
dollar sales.
Company Is also engaged in the manufacture
and sale of breakfast cereals sold largely unaer the Ralston name and
Purina
of
*
-Earnings—
Bakeries Corp.
Purity
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2226
registration statement, the
into agreements with certan dealers
stockholders
purchase
from
representatives,
included,
were
up
the
to
selling
specified
whereby
such
stockholders,
basic
on
maximum
.Volume 161
of
amounts
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
the
which
and
sUbunderwriters
thereof
each
of
shares
79,739
several
has
stockholders, are as follows:
basic
The
maximum
thus
to
'
"
stock.
common
the
agreed
Securities
<
-
Co
&
Hornblower & Weeks-—-,
5,000
Schwabacher
William
Boettcher & Co.———_
2,500
1,000
Brush,
2,500
Sutro & Co.———
Eichler
Co.—
&
Slocumo & Co.—
Tully
&
Pacific
Co.
Pacific
of
California-
Bros.
&
taxes
$67,410
and
3 Mos. End. Mar. 31—
,5,000
Total
3,500
.
Prov.
Co.
1,000
1000
Boyce
—_
net
U.
S.
161,
1
Loeb
&
1943
1942
$7,264,190
$6,436,663
re-
Manufacturers
Trust
Other
Schiff Co.—April Sales Dropped 18.86%—
$2,709,466
$2,510,315.
848,703
787,501
747,164
3,926,348
•
exps._
July
$1,921,965
$1,763,151
13,832
17,339
13.540
♦Prov.
for
$1,074,167
$1,364,924
96
2,775
713,040
1,001,055
charges—
Federal
1663.
p.
sales
Cost
of
Foreign
Prov.
Co.—Earnings—
'
3 Months Ended—
Net
VI
^
Scott Paper
Canadian
''
Mar. 31, '45
Apr. 1, '44
$8,066,370
$7,943,343
6,096,799
-
1,156,809
1,186,746
products sold
paid
products
on
sold
doned
$1,939,304
1,435,900
1,415,100
7,612
5,321
446
Other
profit
1.
31,191
income
Provision for Federal
*Provision
132,768
and State income taxes.
Federal
for
taxes
excess
profits
tax
Net
earnings
on
preferred
estimated
shares
63,503
$395,792
198,800
$0.73
198,800
$0.71
$0.67
and
$0.72
Dominion
income
and
excess
profits
post-war
refunds)
and
which
payments
earnings for common shares
Earnings per common share
Current
Consolidated
liabilities
*10%
3,031,561"
credit
postwar
deducted.—V.
161,
and
account
on
Balance Sheet, March
31, 1945
-
Pursuant
p.
to
final
a
decree
Tazewell Taylor,
of
foreclosure
special master,
as
and
will
sale,
dated
May
on
31,
April
12,
EWT, on the station platform of the company, in Portsmouth,
sell to the highest bidder or bidders at public auction, the
m.,
Va.,
March
follows:
Dec.
cents
20
15,
last,
for
Federal
Dominion
and
and
income
Sierra Pacific
Subsidiary—
$213,941
$2,723,046
82,818
79,471
1,077,365
8,692
187,973
21,074
20,703
253,957
249,335
23,300
22,900
276,200
267,007
tax—
6,120
11,070
107,550
158,099
accrls..
14,945
14,018
168,990
167,302
Operation
Maintenance
General
Fed.
exc.
and
normal
Utility
H
surtax
profits
Retirement
res.
income-
$52,811
(net)—__
1,433
oper.
income
Gross income
$2,579,186
$57,085
$651,009
May
on
of
The
$58,445
$659,066
105,230
*
16.
(he
of
care
~V.
$553,835
present
rate.
with
the
same
period
The
a
runs
year
of
V
profit on sales
Net
;
on
Dividends
on
;|.Vrh
Federal
before
Reserve
Federal
for
1945
Earnings
———
the
board
authorized
certificates now
automatically
of
$1
par
of
April
change
class
share
each
and
shares
two
new
a
the
for
directors
whereby
adopted
Into
of
on
of
no
value
of
cumulative
par
common
common
preferred
stock
stock.
was
As
certificates
for, twice
as
many
$1
'.*■
'
Co.
.
share and 40,000 shares of the new ($1 par)
common stock at $14.75 per share.
They will also offer such shares
of the new 5%
cumulative preferred stock as are not accepted in
ferred
stock
at
$50
per
by holders of the old preference stock.
unexchanged shares of the old preference stock outstanding
be called for redemption on July 15 at $37.50 plus accumulated
Company's debenture bonds have been called for redemp¬
has been deposited for redeeming them with the new
There will remain about $950,000 proceeds of the new financing
V.
funds.
which
p.
check
will become part of the general funds of the company.—V.
1887.
-
■
'
;
■-
'
161,
1,
in
1945,
in
the
payable,
161,
$4,655
in
typewriters and other
in selling, general
1664.
to
eliminate
of incorporation of the company
the authorized (no; par) pre¬
of
all
will
the
common
The
receipt of
upon
use
shares
much
as
series
of
as
ment
effect
stock
\
\
.
the present
to
March
dated
and for such purpose
the proceeds of the sale of
preferred
A
be necessary of
may
preferred stock.
was
financing and to the new loan agree¬
funded debt and capitalization
follows:
r
1,
1945,
1945,
at March 30,
as
company's
.
Authorized
r
♦Regulation
V
agreement, 3%%
payable to banks
pfd. stk. (par $15)
90c.
cum.
conv.
stock
♦Effective
Outstanding
Loan
series A notes
$12,500,000
(par $1
March
27,
the
1945,
100,000 shs.
1,000,000shs,
entered
company
$1,750,000
100,000 shs.
365,462 shs.
into
a
new
loan
March 1, 1945, under Regulation V.
The new loan
provides for bank credit, the loans under which are to be
by 3%% series A notes or 1(4% series B notes, or partly
evidenced
by one and partly by the other, up to but not
gate principal amount outstanding at any one
exceeding an aggre¬
time of $12,500,000,
prncipal amount of the notes outstanding at any time further
limited in accordance with a prescribed formula.
with the
Warrants—On
issue
to
share,
April 30,
$4,612,065;
or
trade and other, $384,547; dividends
Corona Typewriters, Inc. (New York),
2%, due Nov. 1, 1945, $175,000; renegotiation
under
date cf the registration
effective
stock
to
the
the directors authorized the company
holders thereof to purchase at $15 per
before the close of business on a date to be three years
common
company
U. S. Treasury and
1945,
warrants entitling the
on
after the
the
31, 1945
$1).
(par
Such
underwriters
the
statement, 25,000 shares of
are being sold by the
each share purchasable
to be received by the com¬
warrants
50c.
consideration
The
warrants.
at
for
aggregating $12,500, for the sale of such warrants will
paid-in surplus.
pany,
to
has
Underwriters—Company
with
ment
the
entered
underwriters
several
into
named
the underwriters severally 100,000 share#
preferred stock and warrants entitling
the holders thereof to purchase at $15 per share, at any time lyithia
three years from
the effective date of the registration statement,
25,000 shares of common stock, and the several underwriters have
severally agreed to purchase the shares of preferred stock and the
warrants set forth below opposite the respective names:
has
pany
of
agreed
to
cumulative
90c,
sell
to
convertible
Shs. of
*'
and
ex¬
Pfd.,
Reynolds & Co.
Alex.
The
Brown
Ohio
&
Warrants
25,006
-——1;
of
1,500
10,000.
Sons-.
13,750
10,000
4—4—
Company
Securities
1,500
5,000|
750
Arnold, Inc—*—-—5,000
Laird, Bissell & Meeds——^ "
5.00Q
,750
First
Co.
Chicago.—
Kirchofer &
Sutro
Van
&
Co—
&
Co
———
—
—
Wagenseller & Durst, Inc.^——
Wheelock & Cummins, Inc.-.
—
—
—
Bateman, Eichler & Co
C. Bradford & Co
-
—
.750
5,000
——
Alstyne, Noel & Co.————.—.———-
Loewi
J.
,
be added
an
underwriting agree¬
below whereby the com¬
refund
to U. S. Government, $107,350; United States income
profits taxes payable (net), $1,637,430; other taxes and
p.
1945, company was
preferred stock, of
series
stock (par $1) from 600,000 shares to 1,000,underwriting agreement provides that the company,
the net proceeds from the sale of the 100,000 shares
of preferred stock now offered, shall promptly call for redemption all
shares.
000
V
rentals of
Balance Sheet, March
C. Smith &
28,
paj)
as
agreement dated
$7,515;
L.
1945, the articles
(a)
agreement
depreciation,
$139;
(no
classified
loan
12,842 shares of series A preferred stock out¬
standing at the close of business on April 29, 1945, being the day
before the stockholders acted upon such amendment; (b) to authorize
100,000 shares of preferred stock (par $15), arid (c) to authorize an
19,422
bonds,
for
Feb.
shares
the
except the
138,118
-
750
5,000
'750
4,000
600
4,000
4,000
3,000
600
600
450
' 450
3.000
-
Herrick
dividends.
and
stock
276,237
$1.24
Socony-Vacuum Oil Co., Inc.—Ass't to Pres.—
/
A. H. de Friest has been appointed Assistant to the President.—
The
tion
May
amended
276,237
part
and on hand,
250,000
had been
of
terms
this
Effective
were
$351,304
$764,869; coupon book and inspection contract liability, $187,689; 10-year serial debentures, $867,000; reserve for redemption of
Corona Typewriter Co. preferred stock, $100; reserve for branch office
fire insurance,
$50,168; reserve for unrealized losses on foreign ex¬
change,
$68,541;
reserve
for post-war contingencies, $100,000; $6
cumulative preferred stock, $943,800; common stock, $3,541,191; capital
surplus,
$513,250; earned surplus,
$3,316,983; total, $12,798,057.—
V. 161, p. 1469.
exchange
will
of
19,422
$0.45
'
Capitalization—On
(i)
the
and
138,119
includes $4,269
and
under
A
stock, 25,146
series A preferred stock being the only shares then
outstanding and (ii) 600,000 shares of common stock
(par $1), of which 358,767 shares were issued and outstanding and
an
additional 25,146 shares were reserved to provide for the" con¬
version of the then outstanding shares of series A preferred stock.
In
addition, company had notes in'the principal amount, of $1,950,00©
outstanding at Feb. 28, 1945, under a certain loan agreement.
shares
:
and
shares
276,237
rates).
selling
for
issue
to
19,304
penses,
value
■
Debt
138,119
include service sales
of
in
y
excess
shares have
April 24 an underwriting group headed by Kebbon, McCormick &
offered 29,052 shares of the company's new 5% cumulative pre¬
673,620
.
$143,286
$43,337
—
stock—
stock.
of the costs of which is included
administrative expenses.
'/
payable
the
On
pfd.
income
Liabilities—Accounts
changed
par
Net
serial debentures,
was
result
a
outstanding representing no par common
become
stock
100,518
4,929
stk.
common stock———
official
Sales
(2)
equipment,
payable,
the recommendation of
the capital structure was
10
shares.
+.
at
version
$0.29
„
41,109
173,317
$3,878,832), $1,933,805; patents subject to
cash deposited with trustee for redemption of
Corona Typewriter Co.
preferred stock, $110; prepaid expenses and
deferred charges, $153,283; goodwill, trademarks and formulae, $947,965; post-war refund of excess profits taxes, $288,324; total, $12,798,057.
'
stockholders
cum.
common
that
.
(throughout the war years has con¬
designing, developing, engineering,
company
—•
146,486
—
27,715
25,914
79,337
1944 and
$6,441 in 1943, representing net income of the British subsidiary com¬
pany and $5,381 in 1945 and (loss) $4,440 in 1944 and $7,992 in 1943,
representing net income of the Canadian subsidiary company (con¬
reserve
419,003
of
$1,168,085
89,993
———
$6
amortization,
$133,299
meeting
$383,627
$236,125; Dominion of Canada and British war bonds,
$71,945; trade accounts and notes receivable (net), $1,755,121; other
accounts receivable (net), $21,234; inventories, $2,725,905; non-current
receivables
and
investments,
$42,653;
plant and equipment (after
552,302
628,114
a
30,176
36,118
Assets—Cash in banks
$2,812,269
•/' Net income before special reserves—$242,010
Earned per com. share before special reserves
$0.61
At
per
Notes—(1)
war
1944
$4,181,385
taxes
taxes—
21,791
tax—_
Consolidated
■
870,124
operating revenues——.——
and
Income
21,570
Outstanding shares of common
and
Quarters Ended March 31—
Sales
37,470
$1,137,909
$395,292
income
income
Dividends
Steel Strapping Co.—Earnings—
Signode
38,870
$361,836
—
the
and
80,000
Common
$643,520.
1156.
40,408
Foreign inc. and excess profits tax_
anticipates an excellent volume of business post-war,
particularly because of the large deferred demand in the automotive
p.
3,525,916
$373,721
operations———
profits tax
company
156,
893,174
renegotiation——
1943
for
normal
S.
U. S. excess
leading manufacturer of automotive steering wheel
assemblies and other parts for automobiles,
trucks and agricultural
equipment.
It is also engaged in moulding synthetic rubber and has
been developing its own plastic know nas "Shellerite."
•
The company reported profits in each of the last 10 years, earning
$1.02 per share in 1944 compared with 95 cents in 1943. 97 cents in
1942, and $1 in 1941.
Indicated dividend rate is now 40 cents.
'
The outstanding 213,849 shares of common stock are preceded only
by $280,000 debentures 3V»s due 1952.
At Dec. 31, 1S44, current assets
were $1,832,649
(of which $840,865 represented cash), compared with
field.—V.
$2,068,553
909.853
Other deductions
Stock
"
Funded
which
Giving
The company is a
of
$1,310,559
957,807
income—
Total
Prov.
liabilities
1943
$5,594,469
$1,371,937
—
last
Europe,
of suppliers of materials used by the company, payrolls and
operating and overhead expenses, and the maintenance of tho
outstanding
Net profit from
Offered—Ames, Emerich & Co., Inc. and Dempsey & Co.
May 14 offered 10,000 shares of common stock at
The
1944
$3,984,152
2,673,593
and admin, expenses—
Prov. for deprec. and amortization.
on
current
1945
2,282,618
gen.
in
available
increase
Gross
of
current
ferred
$3,654,564
—
——
company's
war
evidencing the right to purchase 25,000 shares of com¬
will be added initially to the working capital, and as such
for general corporate purposes, Including the payment
stock,
issued
.
sales
of
U.
$9.50 per share.
the
and
heat-
approximately $302,000,
also consisting of
airplane parts in approximately the same
was
principally
demands
authorized
ago.
sales
Selling,
291,402
—
its
$533,647.
During that year,
approximately
of exhaust manifolds and other heat-resisting
asset
position required
agreement dated March 1, 1945.
crude
-Three Months Ended March 31—
Net
Cost
161, p. 1663.
Sheller Manufacturing Corp., Portland, Ind.
about
of* bills
'
oil to its refineries during the first
year
were
at the rate of 278,000 barrels a day,
against 268,000 in the same period of 1J044.
Pipeline runs were at the
rate of 293,000 barrels a day in this year's first three months, com¬
pared with 276,000 in the same period of 1944.—V, 161, p. 1811.
.company's
quarter of this
be
although
other
shows
210,000
317,217
$46,866
to
will be
net
$573,388
210,000
$46,052
dividends
At
available
because
warrants
mon
company's production of crude oil in the first quarter of this
an
increase of about 3,000 barrels a day, as compared
.The
year
104,856
dividends
Preferred
Common
material
the same types of products as in prewar
larger and larger volume due primarily tq the
airplanes and the necessity for replacements of
damaged and worn out exhaust system assemblies in service.
During the year ended April 30, 1944, the company's sales amounted
to $28,065,965, and during the 10 months ended Feb.
28, 1945, total
sales were $23,438,351.
1
.
•
,
Other income——.
income
Net
turnover 'with
commercially
standard
a
would
and other
business
years,
Corp.—Earnings at 1944 Levels—:%
Earnings—
$678,244
11,578
the
1929,
.
(L. C.) Smith & Corona Typewriters, Inc. (& Subs.)—
7,341
8,193
as
became
the sale for that year.
as
manufacturing
Concerning the dividend rate, Mr. Clark said that he had not heard
any change to be made and added that earnings are sufficient to
take
$670,903
8,057
sheet
it
were
year
systems
tinued
Earnings so far in the current year are on about the same level as
the
comparable period of 1944, Sheldon Clark, Chairman
of the
executive committee, told stockholders at the annual meeting, held
134,324
1,360
,
in
which
Purpose—The estimated net proceeds of $1,457,500 from the sale of
(a) 100,000 shares of 90c. cumulative convertible preferred stock, and
932,213
r
$54,245
—
deductions
Income
7
15,519
—
taxes
Fed.
Other
1945—12 Mos.—1944
1945—Month—1944
$216,589
revenues-
beginning
manufacture
exhaust
systems for
airplanes,
with the
remainder
of small manufactured parts.
The unfilled backlog at tho
that
exhaust
(b)
Sinclair Oil
Power Co.—Earnings—
Period End. Mar. 31—
manifold
the
proportions
mechanical reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
\
Henry A. Roemer has been elected Chairman of the recently whollyricquired Detroit Seamless Steel Tubes Co..
James H. Dunbar has been
elected
President; <Henry
A.
Roemer Jr.,
Executive Vice-President;
C. H. Hobbs, Vice-President of sales; Ernest Keys, General Manager;
F. R. Taylor, Secretary-Treasurer, and F. W. Conat, Assistant Secre¬
tary and Assistant Treasurer.
The board, in > addition to Messrs. >
Roemer and Dunbar, includes Howard Booher. Fred T. Fruit, John W.
Hubbard, B. E. Kibbee and J. H. Rose.—V. 161, p. 2040.
Operating
steel
totaled
of the sales
of
end
excess
10
Sharon Steel Corp.—Officials of
exhaust
adopted
sales
consisting
order.
$1,
par
15,
of
stainless
of
parts
NOTE—For
the class B
on
field
company
97 V2 %
possible
share has been declared
per
payable June 15 to holders of record May 25.
cents was paid.
Payments in 1944 were as
March 15.
10 cents; June 15, 20 cents,
and Sept. 15 and
10 cents each.—V. 160, p. 1671.
*
" '
'
stock,
common
On
of
depression
working capital and provide more rapid
higher profit margins and small unit costs.
wartime
Serrick Corp.—Larger Distribution—
dividend
>
>
economic
less
time
the1 net
property of company and its receivers.—V. 161, p. 2115.
A
serious
During the fiscal year ended April 30, 1939, the
complete fiscal year before the commencement of the
profits taxes and for additional payments which may result from re¬
negotiation of 1944 and 1945 sales
(after Treasury
tax notes of
82,610,000), $929,010; other accrued Federal, State and local taxes,
$372,067; provision for wage adjustments and accrued payrolls, $612,^
908; capital stock (470,000 shares no par), $2,982,000; consolidated
surplus, $11,208,883; total, $16,803,898.—V. 161. p. 2116.
/ : !
o'clock
at 2
Diego Airplane,Co*
manufactured parts of airplanes.
payable, $565,039; partial payment to U. S.
renegotiation of war contracts for year 1945,
of
provisions
$133,987;
Seaboard Air Line Ry.—Notice of Sale—
1945,
Prudden-San
resisting and corrosion-resisting properties greatly added to the service¬
life of exhaust manifolds.
Within eight years the company- had
the principal producer of these products in the United States.
For the fiscal year ended April 30, 1938, the company had sales of
nearly $500,000, approximately 95%
of which consisted of exhaust
manifolds and other heat-resisting parts of the exhaust systems for
airplanes.
The remainder of the company's sales consisted of small
notes
Liabilities—Accounts
Govt,
1248.
p.
to
able
investment in common stock of partly owned subsidiary,
equity in underlying net assets as shown by subsidiary's books,
$74,632; real estate, tools and machinery, and equipment (after deprer
elation reserves, $5,515,338), $4,297,784; total, $16,803,898.
9,811,554
2,653,473
10,342,909
the
enter
the
taxes
at
$0.48
♦
.
Aircraft Co., Ltd.
(Del.), originally
when incorporated in 1928.
The latter
to
of' the
relatively
Government
securities,
$6,1699,552;
ac¬
receivable, $2,105,574; inventories, $3,716,823; pre¬
paid and deferred items, $209,137; notes and accounts receivable, not
current, $23,325; estimated post-war refunds of excess profits tax,
$321,602
$0.47
assets
Current
———
Solar
successor
•
view
same
result
may
1927
require
$355,689
198,800
Assets—Cash,\ $3,490,527;
63,503
$315,493
$361,094
$1,186,544;
Net
was
become
$385,105
$378,996
—
to
renegotiation.
counts
Dividends
In
$337,745
share—
(less
of
Aircraft Corp.
turn
management determined to' abandon the manufacture of airplanes and
134
198,800
Federal
268,876
214,350
income
com.
$786,749
250,607
per
in
design.
*
16,476
1
"♦Includes
31,659
$843,953
net
from
before
100,000
aban¬
Dividends
$755,090
$812,762
income
Earnings
6,810
plant assets—
Consol.
_
for each share of
common
early 1930 the company designed and built, suc¬
cessively, three experimental, all-metal light transport airplanes.
The
last of these was completed in January, 1930, and was subsequently
licensed, sold and used commercially.
Incidental to the manufacture
of
this third airplane,
company personnel conceived, designed and"
built for its own airplane an exhaust manifold of new and radical
$1,776,691
adjustments
or
of
stock is redeemable at the option of the company
at $18 per share, plus all unpaid and accrued
liabilities
Prudden
From
-4—
Earn,
Gross
adjust—
contings. and
Net loss on sale
Distribution, admin, and general expenses, incl.
fre.ght
exch.
for
6,001,507
-
-
and
company
and
inc. tax—
year-end
part
and Business—Company
was
incorporated in
California
1936, and on Aug. 13, 1936, took over the entire business,
21,
named
J
—V.. 161,
preferred
of the holder into
organized in California in 1927.
income———
Miscellaneous
$5,798,084
$6,100,060
$1,351,092
new
option
Listing—Company has agreed to use its best efforts to procure the
listing of the preferred stock, and of the shares of common stock into
which
the preferred stock is
convertible, on the New York Curb
Exchange.
.
History
$1,055,817
18,349
—
the
the basis of one share
on
in
or
at
dividends.
„—
and
gen.
income—
other
1945—4 Mos.—1944
1945—Month—1944
$1,388,327
$1,711,010
$2,199,795
897,412
-
Profit from opers. and
*
————
M,554,723
—
stock is convertible
The
whole
assets,
an issue of $50,000,000 0(4 %'
1965.—See offering in V. 161, p. 2116.
- :
Period End. April 30—
4,521,200
has been appointed
Co., New York, N. Y.,
Trustee. Paying Agent and Registrar for
20-year debentures due
selling,
administrative
in
*
133,987
4,127,165
Cost Of goods sold-——
stock
preferred.
to
re
negotiation
8,119
Co
The preferred
common
1944
$1,953,230
Kuhn,
000 shares of 90 cents cumulative convertible
..
$6,720,995
$6,214,382
payment
Govt,
Subs.)—^Earnings—
'
1945
sales—
for
Total
Sales
$108,936
$54,599
depletion.—V.
bffore
stock (par $15) at $16,625.
161, p., 1887.
(The)
but
Simonds Saw & Steel Co, (&
(Joseph E.) Seagram & Sons, Inc.—Paying Agent—
The
85,939
*
depreciation
ing group headed by Reynolds & Co. and including Alex.
Brown & Sons and The Ohio Co. on May 14 offered 100,~
1945—12 Mos.—1944
773.
p.
2,000
1,000
Co.——
Co
&
Staats
R.
.1———-
all
Solar Aircraft Co.—Preferred Stock Offered—A bank¬
Co.—Earnings-
1945—3 Mos.-t-1944
2,000
Co.—
Northwest
Stein
—5,000
7,500
Davis, Skaggs & Co
Elworfhy & Co.—
—V.
taitchum,
loss
♦After
1,000
Harris, Hall & Co._
;—
Harriman Ripley & Co., Inc.
W. C. Langley & Co
Bateman,
Period End. March 31—
♦Net
Shares
Kaiser
8,120
7,500
7,500
7,500
Corp.:—_
Silver King Coalition Mines
shares
selling
Shares
Union
the
of
the
from
v
,
of
names
number
purchase
2227
Southern Colorado Power Co.—Weekly Output—
Electric output of this company for the week ended May 12, 1945,
totaled 2,062.000 kwh., as compared with 1.793,000 kwh. for the cor¬
responding week last year, an increase of 15,0%.—V. 161, p. 2116.
Waddell
& Co.,
Inc
Pelt a son,
Grubbs,
Tenenbaum Co
Scott and Co
Reinholdt & Gardner
—
3.00Q
—
—f
Kay, Richards & Co
2,500
450
*.
375
2,500
:
—
2,000
2,000
'
375
300
300
.
cash funds to retire temporary bank loans of
and to finance much needed expansion of the corporation's
plant facilities in the United States and abroad when such work can
be undertaken.
The bank loans were incurred to finance the purchase
bv the cornoration on April 23, 1945 of the class B shares of Winthrop
Teb. 28,'45
turns, etc
Cost of
$8,553,300
$23,438,351 $28,065,965 $22,422,299
16,810,985 22,187,276 17,459,025
-
products sold
848,662
564,421
79,084
119,975
163,590
taxes
from
Profit
$5,789,993
$4,910,052
73,191
$4,235,263
$724,974
55,538
18,237
$4,983,243
$4,290,801
$743,211
215,749
104,508
57,827
_
oper.—
61,791
income—
Other
income
Gross
—
charges—.
refund under
Income
Prov,
$5,851,784
111,541
•
tracts for war
should earnings and cash
position be satisfactory, that the management will recommend to the
directors that the new common stock be placed on a regular dividend
basis of 40 cents a share per quarter.
This would be equivalent to
an annual dividend of $3.20
per share, as compared with $3 per share
paid in 1944 on the present capital stock."
Hill, Jr., President, says, "it is contemplated,
of con¬
materiel
renegotiation
2,000,000
1,630,000
3,325,000
Normal
tax
surtax
100,000
87,007
62,187
142,500
•Excess
1,683,000
2,200,500
1,608,991
262,500
profits tax——
$632,244
29,648
149,170
$849,988
$515,116
$280,384
and
income—
Net
—
dividends
Preferred
dividends——
Common
33'?3j;
10 months
31,778
extensive
and
period since issuance of the annual report for 1943 has been
marked by important expansion of the company through acquisitions,"
Mr. Hill notes, "thereby continuing to maintain its position as one of
the world's leading concerns in its field and strengthening it for post¬
,
demand
and
hand
on
revenues
Uncollect,
rev.
oper.
Operating
___
expenses
Operating
taxes
Net
Net
$2,496,063
1,831,684
320,925
$2,652,382
1,851,874
498,161
revenues—
Operating
—
$302,347
1,563,314
W.
225,799
income
B.
class
632,247
centralize
to
operations carried
on
York area,
the New
in
eight separate buildings, a ten-year lease was taken in
1945 from the Mainway Realty Corp., owner of a modern office build¬
housed
square
its own purposes.
The building is
presently
occupied;
moreover,
the lease on the present
executive
offices of 'the company at 170 Varick St., New York, N. Y., does not
expire until April, 1947.
Consequently Sterling will be unable to
complete the consolidation
of its New York operations until that
time/ said Mr. Hill,
175,000
require
of
the
cisable
feet
square
lease,
outstanding
at
nominal
a
for
the company has a purchase option on
stock of Mainway Realty Corp., exer¬
consideration in March, 1955.
In securing the
the
to
addition
In
all
and
option,
the
1945
$
Gross
earnings
earnings
Operating
—
rev.
oper.
Net
Net
taxes
income
—V.
___
1,343,793
__________
4,119,754
development
interest
•Provision
for
of
income
,
and
tProvision
for
Reserve
Fed.
est.
and
—
55,073
foreign
taxes
6,465,000
1,935,000
6,000,000
—...
1,480,000
.......
profits taxes—
L
x
excess
contingencies
from
820,000
$8,121,162
.....
1,029,255
Approp. to reserve for reduction of trade-marks
payments
annuity
Subs.)—Earnings
(A. E.) Staley Manufacturing Co. (&
1944
1943
889,003
174,725
1,993,000
$3,113,009
1,163,766
200,672
1,348,000
$3,690,843
962,322
183,548
220,232
2,006,000
1,966,300
$433,775
earnings
Expenses
Depreciation
•Fed. inc. taxes,
Net
$399,571
$538,973
$463,900
est—
profit
Federal
•Includes
KEarnings
1942
1945
$3,490,503
3 Mos. End. Mar. 31—
profits taxes.
excess
Balance
Sheet
as
of
$3,518,584
paid
150.919
$4.55
Liabilities—Notes
Federal
accrued
■
31, 1945
payable,
savings
tax
less
post-war adjustments and
all
-
The directors
$10
new
record
old
stock
common
basis of
eents
2Va
in
1944
stock
was
$1.06,/»
of
on
March
cents
50
each
this
15,
year,
March
in
that
old
the
on
15, June
stock
Assets—Cash,
and
company.
notes
cash
both
payable
July
14
to
holders
of
record
2041.
mately
on
1945—Month—1944
of
—
$470,135
1945—4 Mos.—1944
$1,964,823
$1,641,120
share,
York
with
Stock
of¬
was
Exchange May 11
commission
at
of
$1,
by
completed in the elapsed
time of 22 minutes. There were 65 purchases by 33 firms;
500 was the largest trade, 10 the smallest.
Plans to Issue $12,500,000 Preferred Stock and SplitUp Common Shares—Dividend Outlook—Issues Annual
Report for 1944—
A
proposal
stock
(par
The
sale
a
was
authorize issuance
$100)
will be voted on
to
of
125,000
by
stockholders
meeting to be held on June 14.
The i*sve
syndicate headed by Eastman, Dillon & Co.
The
purpose
of
Sheet,
marketable
reserves
for
Dec.
Issuing
the
preferred
(& Subs.)—Earnings—
$2,988,821
2,012,270
2,004,874
8,097,348
8,776,754
123,932
110,868
53,759
53,248
498,323
216,127
582,222
213,718
Depreciation & depletion
and
Interest
amort,
of
30,238
47,735
131,344
183,033
$491,524
$772,096
$2,531,722
$2,941,386
204,000
869,573
1,021,000
76,000
expense
Balance
Fed.
/
income
mal
tax
(nor-
1
and surtax)
Federal
Net
,
178,000
profits tax
exc.
$313,524
$576,857),
shares
would
stock
be
"is • to
of
preferred
at' the
sold
annual
through
make
a
available
$0.77
$0.27
Comparativee Consolidated Balance Sheet, March 31
1945
1944
$6,990,916
$6,346,171
1,100,000
1,200,000
500,000
600,000
1,572,456
5,532,392
76,454
Assets—
Cash
in
U.
Treasury
S.
banks
and
on
hand
savings
notes,
Other
U.
Other
securities,
S.
Accounts,
Materials
Cash
Government
and
U.
S.
construction
on
profits tax
and
gas
and
Post-war
1,478,982
refund
bonds
int.,
equipment,
less
73,978,
of
396,940
279,702
res,
6,311,283
6,508,885
167,081
less
;
155,836
14.163
197,000
76,961
.___
profits tax-
excess
Total
$29,096,493 $27,293,461
'''
Liabilities—
Accounts
Natural
payable
$3,922,699
_„
purchase contract
loans
liability
for
90,000
1,193,436
2,541,851
25,913
69,770
89,208
'•;J800,936
accrued
,,
liabilities
by clients
89,681
construction
on
contracts
(contra)
Natural
1,478,982
purchase
gas
contract
•Capital
stock
liability.
31,250
4,554,875
79,578
116,636
5,000,000
________
——
surplus
5,000,000
____
* 8.676,605
3,581,523
8,926,605
._____•
______x-
surplus
4,569,599
:____
•Issued
62,500
3,547,500
Mortgage loans
Unadjusted credits
Capital
31,250
200,000
taxes
accrued
$1,678,307
31,250
'
—
Provision
Interest
'
——
gas
Mortgage
-
12,965
80,452
Federal
Other unadjusted debits
Other
<
res.
less
reserves
__.
refund
177,713
3,755,990
3,438,223
mineral
other
800,936
177,712
unconsolidated—
securities——
buildings and other real estate,
■
con¬
______■
subsidiaries
in
excess
Office
5,806,079
receivable—
58,258
by clients
investment
Natural
2,502,428 "
_____
interest
(contra)
Investments
Other
securities
cost-.
supplies
advanced
tracts
at
and
notes
C________
series
and outstanding,
$29,096,493 $27,293,461
2,104,391 shares, no par.-—V.
Sylvania Electric Products, Inc.
161, p. 2041.
3 Mos. End. March 31—
sales
Gross
(less
before
Income
Federal
taxes
(& Subs.)—-Earnings
/ ;
:
1945
1944
allowances)—_ $34,453,343 $18,829,198
and
returns
income
on
on
3,292,361
income
2,205,914
2,563,330
•
Net
income
Number of
Earnings
_____
1,764,730
com.
outstanding—_____
doubtful
accounts
$683,956;
securities,
U.
S,
at
accounts
and
notes
$1,463,976;
$3,666,444; other investments,
and
Canadian
approximate
excess
profits taxes,
(after
cost
postwar
reserves
$764,668;
loans
payable,
$5,494,805;
.
'ySiri'S-i
Tacony-Palmyra Bridge Co.—Earnings—
Number
3945
tolls—:
from
Operating
_________
329,635
$108,441
and
Taxes other than
general expenses
Income
—
i
_
;
V
__
300
$29,604
;
•'
•
1
income
and
320
$30,400
income
Federal
4,564
$29,284
;
—
plan
Profit-sharing
8,807
14,663
4,512
$30,100
Financing costs amortized
Profit
16.220
10,099
13,519
—.
bonds—
11,348
23.556
14,913
.
_______
Administrative
on
11,964
23,514
maintenance.,.
and
Depreciation
1944
331,330
$108,620
vehicles
of
Income
Net
1,002
accrued—
taxes
income
State
15,270
;
.
Summit House Corp., Jersey City, N. J.—Proposed
Sale
income certificates will
vote June 7 on approving a contract entered into on April 24 between
this corporation and Delaine Realty Co. for the sale of the property
known as 40-50 Jones St., Jersey City, N. J.
The purchase price is
$93,760 in cash above the first mortgage (as reduced) of $66,240. If the
certificate holders approve the contract, the closing of title is sched¬
uled for June 28. 1945, and shortly after the closine the net nroceds
of
sale
(after deduction of broker's commission and trustee's fees)
second
"l3~883
$14,128
10,373
Dividends
paid
preferred stock
on
avail,
Earns,
for 56,184
$15,721
$3,755
profit
$5,349
10,373
shares of class A and
stock
common
'
Earnings
—v.
share
per
161,
The
mortgage
15-year
$0.10
$0.07
1029,.
p.
Bank
National
Chase
of
the
pointed transfer agent for the 5 %
p. 2152.
\
City
of
New
York
Agent—
has
been
ap¬
cumulative preferred stock.—V. 161.
/
Texas & Pacific Ry.—New President—
William
has
G.
Vollmer,
elected
been
Senior
President,
Chairman.—V.
elected
161,
shortened
SEC
bids
competitive
500,000
for
its
The
like
L.
of Missouri
Pacific
Lancaster,
who
RR.f
■
was
re¬
Co.—Financing Accelerated—
from
10 to
five days the time in which
be invited for $26,600,000 of first mortgage
the company.
The bonds are part of a $31,"
by the SEC, the remaining $4,900,000, to be
amount of 3%% bonds due in 1965, held by
is
inviting bids to be received by noon, EWT, on May 21
of new first mortgage bonds.
approved Texas's plan to issue $2,500,000 of 2%
proposed offering
SEC
promissory
Bank
a
16
J.
,
1922.
parent, the American Power & Light Co.
Company
for
by
approved
issue
exchanged
Texas's
may
issued
be
to
May
Vice-President
succeeding
p.
Texas Power & Light
The
bonds
of
$0.52
deducting post-war refund of $526,00 in 1945 and $172,060 in
Tennessee Gas & Transmission Co.—Transfer
and
etc.,
minority interest in capital
stock
and
surplus of subsidiaries, $485,365;. capital stock (1,829.295
shares
of
$10
par
value),
$18,292,950;
capital surplus, $4,438,266;
earned
surplus, $21,578,246; less cost of 35 shares of capital'stock
reacauired and held in treasury,
$1,971; total, $61,566,086.—V. 161.
p. 2152.
V
..."
,
. V
:
holders
854,474
.£
$0.73
;
1944.—V. 161, p. 1664.
property
for
$61,566,086.
expenses,
$441,184
1,005,000
share
per
•After
shares
$729,031
____
$8,665,438;
development of new products, $470,363;
The
1,578,293
______
$0.15
$1,844,386
1,578,293
$0.88
$1,618,481
$568,096
_
share__
43,668
l
^
income
Dividend paid
Net income per
Total
$1,365,255; accounts payable,
provision for est. Fed. and foreign
income and excess profits taxes after deducting $3,264,616 U. S. and
foreign tax anticipation notes, $7,178,850; dviidends payable on capital
stocks of
subsidiary companies, $27,025; payable to affiliated com¬
panies, $308,062; reserves for tax and other contingencies, $1,604,821;
reserves
for foreign subsidiaries'
post-war adjustments, $151,727; re¬
serves
for fluctuation in market value of securities, $172,323; reserves
for
1945—12 Mos.—1944
$11,474,864 $12,697,113
$2,711,723
income
on
v.
31, 1944
depreciation of
deferred
charges, $1,857,731; trade-marks and goodwill (less reserve), $6,900,000;
accrued
'
the New
Co.
(after
of
$3,632,000),
total,
Inc.—April Sales Up 33%—
reserve in
161, p. 707.
cash
a
Taxes, except Fed. taxes
Other
Balance
$5,987,760;
receivable
discounts
refund
,
Sterling Drug, Inc.—Special Offering—A special
fering of 4,927 shares of common stock (par $10)
per
first quarter earnings
receivables from affili¬
ated companies, $570,469;
inventories of finished and partly finished
stocks, materials and supplies, $21,624,196; investments in affiliated
companies (proportionate book value of underlying net assets approxi¬
and
holding
are
1945—3 Mos.—1944
expenses
Interest
$8,287,784), $9,381,448; prepaid advertising, supplies and other
$625,413
Shields &
1945
nor
accounts,
Net sales
$72%
/
preferred
on
1
Period End. Apr. 30—
effected
shares
preferred
p.
1664.
Federal and foreign income
then outstanding.
tBased on
for
dividends of $1.25 on the 5% cumul.
per share on
the 4'/.»% cumul. conv.
declared,
p.
.1944
reflect earnings
Winthrop Chemical Co., which became a wholly-owned subsidiary
April 23. 1945, when Sterling purchased the outstanding half1944
Liabilities—Notes
161.
•
$2,767,573
t$1.58
and Sept.
Sterchi Bros. Stores,
—V.
provision
1,874,728
•
15
161,
July 5.—V.
payable June 15 to holders of
62y2 cents per share on the
to
par
made
also
were
equivalent
Dec. 15.
quarterly
and
$25
received
and $1 on
Regular
Stock
of
stock,
common
is
we
by the State Board."—V.
**'
value which was recently spit-up on the
shares for each old share held.
A distribution of 50
new
share
per
which
value
This
31.
and
Consolidated
May 9 declared a dividend of 25 cents per share on
on
par
May
1945
$3,057,846
t$1.63
_
on
Note—Neither
to Receive 25-Cent Cash Dividend—
the
$190,000,
3 Months Ended March 31—
Ended March 81
for Quarters
shares then outstanding.
1,750,666
interest
City of Jersey City
the
1,
,
share
charges
tBased
taxes.
on
Common Stock
per
"After
of
Standard Oil Co. (Ohio)—New $25 Par
$4.45
of
earnings
Earnings
$41,082,269.—V. 161, p. 1029.
930,230; earned surplus, $9,773,028; total,
profits
-'
$3,247,406;
$4,617,559;
notes,
$1,392,046; funded debt, $5,000,000; reserve for
contingencies, $1,422,000; capital stock, $8,-
other accruals,
Sundry
accounts
$6,700,000;
income,
on
of
-
Consolidated Results
.
•Net
of
•Provision for Federal taxes
company's proportion
above,
permanent;
payable,
taxes
V--'.
affiliated companies
for the year 1944 was $107,000 ($190,000 in 1943)
greater than the
dividends received from these companies and included in the accounts
Note—The
assets, less reserve for depre¬
ciation, $10,919,983; deferred assets, $404,426; total, $41,082,269.
$1,422,000;
5,251,964
postwar refund of $40,500 in 1944 and $68,000 in
1943.
tAfter postwar refund of $215,000 in 1944 and $77,000 in 1943;
also in 1S43 after credit of $10,000 for debt reduction.
tAfter de¬
ducting
reduction
($50,000
in
1944)
in
corporate
Federal taxes,
§Based on 1,783,197 shares in 1944 and 1,750,666 shares in 1943.
i4
Assets—Cash, $1,914,932; accounts receivable, $2,890,072; inventories,
other assets, $333,134; post-war refund of excess profits
(estimated),
share)—
per
$6,507,107
5,350,351
•
share—.:
$23,197,723;
tax
$6,938,331
_
($3
and
119,032
adjust.
surplus
per
1945, and we hope to
paid for that year.
The
reduced by the Hudson
Canadian
•After
868,152
*
March
to
dividends
was
$190,000,
to
Total
ap¬
104,294
^
post-war
plicable to prior years—
for foreign subsidiaries'
Res.
Cash
taxes
1944
to the State Board. These appeals have not been heard
have paid taxes for 1943 and 1944 on the basis of the
earnings
$7,806,314
1,078,536
operations...
and
goodwill
JEmployees' retirement
Taxation
the
of
and
Stone & Webster, Inc.
Earned
profit
1943
assessment
Advances
158,161
"
Net
portion
we
Operating
100,000
65,932
'
...
....
income
profits
excess
for
Balance
15,
products—
new
x
Fed.
est.
a
for
Period End. Mar. 31—
106,593
88,638
100,000
31,408
——
for
no
the assessment is increased
Gross
$16,807,139 $16,526,141
___
161, p. 2041.
Gross
'
$15,127,123 $14,569,732
1,680,016
1,956,409
paid
Minority
$4,739,675
3,789,154
$4,989,436
As
reduced
case
44,824,746
53,223,136
.
income
Provision
Co.—Earnings-
$1,626,578
1,291,414
$1,636,200
income
oper.
expenses,
income
Interest
approved,
Prepayments
discounts— $68,350,259 $59,394,478
advertising and
profit
Total
$13,722,296 $12,279,915 $40,625,413 $36,203,192
8,541,161
7,565,868 y24,596,875 22,320,870
3,544,935
3,087,469 11,039,105
9,142,647
revenues—
Operating expenses
Operating
Other
Jan. 1 to April 30
1945
1944
$
*.
$
1945—Month—1944
1945—3 Mos.—1944
$13,745,277 $12,305,895 $40,693,855 $36,282,040
22,981
25,980
68,442
78,848
period End. Mar. 31—
Uncollecttible
selling,
etc
sold,
of
Board
appealed
yet.
as
of
valuation
County
has
1943
allowances and
Foreign exchange losses and adjustments (net)
on
subsid. which discontinued business..
Operating revenues
refund
a
assessed
Years
for Calendar
Income Account
Loss
Southwestern Bell Telephone
obtain
O
3,116,720 118,835,269 113,188,796
8,254,937
l
goods
Gross
2041.
P.
of
returns,
administrative
6,626,333 125,620,007 119^15,129
1944
;$
$
161.
'
Ended April 30
9 Days
J 945
Gross
Jan. 1 to May 7 ;
1945
1944
$
$
$
6,784,738
„
Period—
—V.
Cost
1944
less
is
State Board of Tax Appeals on April 26,
Jersey
company
Consolidated
Sales,
Week End. May 7
the
period ending June 30,
corporation after payment
Furniture
Ry.—Gross Earnings—
Period—
contract
of
capital
has unconditionally guaranteed the
payment
of principal and interest on obligations of the Mainway
Realty Corp. in the amount of $800,000.
A first mortgage on the
j building, in the amount of $2,850,000, is outstanding.
lease
the
months'
1450 Broadway, New York, N. Y., which contains 265,000
feet of rentable space.
It is contemplated that Sterling will
at
ing
in
1944
Southern
the
and
division;
Sterling
which is operating as a
of Winthrop Chemical Co.
shares
B
order
In
now
Mann, President, on May 2 stated:
interest would be paid for the
but any balance in the treasury
of counsel fees and any other
expenses of the sale not
deducted from the purchase price, reserves
for tax and other liabilities, and cost of dissolution of the corporation,
would be paid to the trustee and added to the net proceeds of sale.
The status of the real estate taxes is that our application for reduc¬
tion of the 1942 assessed valuation of $300,000 was heard by the New
"If
six
Sterling
a
Cincinnati,
Co.,
$911,166
573.392
$931,571
$343,454
199,133
income
oper.
whose
the
debt
division; James F. Ballard, Inc., St. Louis,
assets, business and organization were transferred to the Dr.
Caldwell Co. Division of Sterling; The Hilton-Davis Chemical
as
amount
which is
acquisitions include Frederick Stearns & Co., Detroit,
The
operating
$7,402,889
5,357,867
1,133,856
$7,865,154
5,370,269
for
organization."
1945—Month—1944
1945—3 Mos.—1944
$2,664,382 $2,504,063 $7,901,154 $7,426,889
' 12,000
8,000 ~
36,000
24,000
period End. Mar. 31—
Operating
domestic
in
Telephone Co.—-Earnings-
Southern New England
competition, as to both popular drug products and pharmaceuticals,
and in foreign markets.
Today, Sterling is an integrated
war
of the presently outstanding certificates
This is considerably higher than any bid price
certificates since they were issued in 1936.
face
the
of
aggregating $119,700.
year
"The
deposits, $1,422,131; cash on
deposit in special accounts, $358,453;U. S. Treasury notes, tax series C,
$1 299 722' U. S. Treasury bonds, $50,250;
accounts receivable, $3,774,259;
inventories, $5,410,827; post-war refund of Federal excess
profits tax
(est.), $607,000; property, plant and equipment (after
reserves
for depreciation
and amortization of $743,281), $837,383,
intangible assets, $1; deferred charges, $58,536; total, $13,818,562,
Liabilities—Notes payable
to banks, $1,950,000; accounts payable,
trade, $1,112,879; accounts payable, other
(including taxes withheld
from employees' compensation, $121,310), $165,246; salaries and wages
payable and accrued, $432,954; accrued expenses, $53,749; dividends
payable on common stock, $53,815;
estimated liability for Federal
taxes on income and for refunds under renegotiation of c°n^£ts for
war
materiel, $6,972,434; other taxes payable and accrued, $233,045,
other current liabilities, $66,670;
reserve for self-insurance of work¬
men's
compensations risks, $63,878; preferred stock (25,146 shares,
no
par), $201,168; common stock ($1 par), $728,832; paid-in surplus,
$47,256; earned surplus, $1,736,637; total, $13,818,562.—V. 161, p. 1888.
Assets—Cash
more
report for the
N. J.,
would amount to approximately
It is estimated that such distribution
727«
1944 reveals that Sterling today has
research and control laboratories, 41 manufacturing plants
than 120 branch and service offices in 31 countries.
annual
The
$244,500;
$175,500; 1944,
1945
Sheet, Feb. 28,
Balance
33,2lo
63,5/0
127,x40
refund: 1943,
ended Feb. 28, 1945, $187,000,
post-war
for
credits
•After
change in capital structure, James
with this proposed
connection
In
for
the
to
Harvey T.
meeting,
same
by the Union National Bank in Newark,
certificate holders.
distributed
be
to
are
trustee,
..
stockholders will also vote on the proposal
that the company's stock be split two for one through authorization
of 5,000,000 shares of common stock of $5 par value in place of the
present 2,000,000 shares of capital stock of $10 par value.
The
1,874,763 shares of presently outstanding capital stock would be ex¬
changed for 3,749,526 shares of new common, leaving 1,250,474 shares
of new common unissued.
These unissued shares "will be available
for the orderly expansion of the business, whenever in the judgment
of * the board of directors such expansion may be desirable."
the
At
41,993
Ped. cap. stk. and State
franchise
suosiuiary.
525,883
758,289
-
wholly-owned
Co.," by which transaction Winthrop became a
Chemical
7,260,451
Admin., gen. and service
expenses
$9,500,000
Years Ended April 30
1942
1944
1943
10 Mos. End,
Bales, less discounts, re¬
corporation
the
to
Comparative Statement of Income
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2228
and
also
notes to the First 'National Bank, Mercantile National
Republic National Bank, all of Dallas.—V. 161, p, 2152.
(Continued
on
page
2268)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
161
Stock and Bond Sales
DAILY
NOTICE—Cm an and deferred delivery eeles are dlsrecerded in
coi
New York Stock
WEEKLY
-
the day's range, unless they
furnish
we
such tales In computing
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan
a
Exchange
YEARLY
-
are the only transaction* of the day. No account la taken of
United States Government Securities
Below
2229
bonds
coupon
the
range
for
the
year.
Exchange
the New York Stock Exchange during the current
on
Figures after decimal point represent one or more 32d of a point.
week.
May 14
May 13
Dally Record ef U. 8. Bond Prleet
May 15
May 16
May 17
May 18
Dau>
fHigb
1 LOW
Treasury
4fts, 1947-52
JBecurd
U.
of
rfond
4.
Prices
Treasury
2 Vis
1965-70
|
[Close
Total sales in $1,000 units.
Total sales In
Low
2Vis, 1966-71——
Total sales
High
102.26
Close
Total sales In
100.28
100.28
100.28
100.28
in $1,000 units
100.28
1
102.26
1
[High
103.11
103.9
\
2Vis, 1967-72
103.11
103.9
103.11
103.9
Low
[close
11
$1,000 units
Total
May 18
May 17
100.28
(High
Low
102.26
Low
3fts, 1946-49.
May 16
Low
[Close
$1,000 units
May 15
""
]
—
[close
Total sales In
May 14
$1,000 units
[High
J
3%S, 1946-56—
May 13
fHlgh
>
sales In $1,000 units
4
1
I High
3
] Low
[Close
VaS, 1949-52
Total sales
in
(High
Low
Close
Total
$1,000 units
sales
In
$1,000 units
'
fHigb
(High
1 Low
3s, 1946-48
\
2Vis, 1952-55
[Close
In $1,000
Total sales
Total sales In
units
$1,000 units
f High
\ Low
3s, 1951-55
[High
Low •
]
ay*8, 1954-56
[Close
Total sales
"•
In
-1;
[Close
Total sales in
$1,000 units
V>:
f High;
■
113.22
Close
Total sales In $1,000
2Vis
10
\
100.24
[Close
| Hlgn
Ss, March
1948-50
j Low
(Close
Total sales In
[High
In
3s, Dec. 1948-50
$1,000 units
$1,000 units
j
Low
[Close
j Low
(Close
Total sales In $1,000 units
•
Total sales In $1,000 units
[High
-vv:-1
Is, June, 1949-51
[High
\
2%S, 1956-59—
■{ Low
'[Close
Low
[Close
.
Total sales in $1,000 units
Total sales In $1,000 units
,vi
Is,
[Hign
Sept.,
[High
■( Low
1949-1951
[Close
] Low
2%s, 1958-63
[Close
Total sales in $1,000 units
—
Total sales in $1,000 units
IS,
Low
IHign
V-
$1,000 units
THigh
■{ Low
1949-1951
[Close
■:
Total sales in $1,000 units
V;
2s,
[High
March,
(High 1
\ Low
1950-1952
(Close
Low
1945
2fts,
Dec.,
vO
Close
Total sales in
Total sales In $1,000 units
Close
Total sales in $1,000 units
2s,
[High
Sept.,
(High
LOW
Close
Total
sales
in
$1,000 units
(High
!
[High
.
2S.
\ Low
[close
1951-55
\
i
.
■.'
] Low
1952-54
\
.
[High
\ Low
(Close
Dec.,
1952-54
Total sales
1953-55
LOW
\
[Close
sales
Total
1%S
In
102.24
102.24
102.24
5
$1,000 units
1948
-
102.24
2
;
—
101,19
Total
101.19
[close
(close
Low
101.19
—<
\ Low
sales in
$1,000 units
2
units
101.2
[High
( Low
(Close
2fts, June, 1964-1969
101.5
101.2
101.5
1
Owners
Loan
(High
-I
iy2s, 1945-1947
2
101
101.1
[Close
101
Low
[Close
101.1
101
[High
{ Low
1964-1969
Home
101.5
101.2
Total sales In $1,000 units
Total sales in
5
102.24
(High
■i
[High
2ft s, Dec.,
102.24
{ Low
[Close
Total sales in $1,000 units
in $1,000
[High
] Low
[Close
J High
2s
f High
Total sales
102.23
in $1,000 units
Total sales In $1,000 units
1963-1968
102.23
102.26
4
.
2s,
102.23
102.26
(close.;.
..
Total sales in $1,000 units
[Close
Ifts,
102.26
Low
—j
Total sales In $1,000 units
Itts, 1962-67
—
¥'■v-'V[High
2s, June,
[High
Ifts, 1956-58
Low
[Close
•;
Total sales In $1,000 units
Total sales In RL000 units-
1Kb, 1952-54
10
„
$1,000 units
Ifts, 1950-52
102.26
Low
Close
Total sales In
102.26
[Close
-
[High
SttS, 1949-53.
102.26
{
•
sales In $1,000 units
Total
Close
[High
Low
1950-1952
/
;
Low
1948
Ifts,
High
r
'
2%S, 1951-54
Low
Total sales In $1,000 units
1
[close
Total sales
1
[High
f Higb
\ Low
2%s, 1948-51
103.2
103.2
2
1947
8s.
100.24
$1,000 units
103.2
102.29
102.29
$1,000 units
100.24
Low
[Close
Total sales In
1956-59
Total sales in
[High
\
102.29
[High
{ Low
[Close
113.22
units
2%s, 1945-47
$1,000 units
113.22
LOW
27/BS, 1955-60
Low
[Close
101.1
•Odd
4
3
$1,000 units.
Total sales In
lot
$1,000 units
transaction
sales,
of
registered
bond.
NEW YORK STOCK RECORD
LOW AND
}"v
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
Wednesday
May 12
May 14
May 15
t per share
$ per share
70
70
112
112
*
67
12%
13 Vi
14%
*69
$ per share
69%
112
112
*67
70.
27 ft
<
STOCKS
May 16
69 ft
69
•111ft
*66
26 ft
44%
107
13%
13 ft
27 ft
27%
27%
*27 ft
15
15%
14%
14%
36
36%
36%
*107
7ft
7%
213
*213
3%
3ft
•63
44%
45 Vi
7%.
45 ft
27
27
3ft
45
46ft
64
*62 ft
•102
•17ft
*159
31ft
31
105 ft
30%
*102
*17 ft
*31 ft
17 ft
17%
160 ft
18
160
*17 ft
31%
For
footnotes
31%
see
►36
27
27
44
7%
''
'45
45%
110
»—< o CO
7%
*213
215
27 ft
*36ft
27 ft
27 ft
45%
45 ft
*109
7ft
7%
213
214'ft
3ft
3%
45%
44%
45 ft
64 ft,
31%
17 ft
18'/V
31%
page
2239.
15%
•
37%
27%
45%
110
7ft
213
31ft
"
159
*17ft
31ft
Range for Previous
STOCK
Range Since January 1
Lowest
Shares
500
40
Par
Abbott Laboratories
4%
71,200
60 ft Jan
100
111 Vi Apr
ACF-Brill
No par
27%
28
1,100
Acme
15 ft
15 ft
15ft
2,900
Adams
37%
*36 y2
37%
200
30 Vi
2.100
Address-Mutlgr Corp„_——
46%
3,800
Air
*36
28
45%
110
7ft
213
28
46%
110
7%
213ft
28 ft
46
*110
*63
31ft
*102
65
31%
105
18 ft
18%
159ft
159 Vi
*17 ft
x30ft
18
30%
115
7%
7%.
213
*62%
31ft
*101
*18 '/a
160
*17%
30ft
213
150
10,500
220
3ft
17,000
46%
,
10,800
64
32 ft
100
6,100
105
18 ft
160
Steel Co—
Express
Adams-Millis
Reduction
Alabama
Alaska
&
No
Gold
&
18
Allied Kid Co
30%
Allied Mills Co Inc
1,700
24
<
28
15% May
1
18
''38ft Apr
30ft May 18
.22ft Apr'.
39% Jan
2
49
98ViJan
22
110
6ViJan
2
8
173ft Jan
22
No par
100
No
par
5
No par
.
6
5
28ft Apr
par
1
Dye
32% Jan
May
15% May 18
13Vi Mar 26
Par
10
Allen Industries Inc
Chemical
30
23
$2.50 prior conv preferred-No par
Allied
14
Apr
25 '/a Apr
10
Mln.
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
1,100
Feb
69
2
Albany & Susquehanna RR—100
Allegheny Corp
1
5ft % pf A with $30 war
100
1,600
114
100
No
Inc
Vlcksburg Ry
Juneau
71
9
9% Jan
-J—1
Corp
$ per share
15
—10
27 ft
15%
Co
Lowest
22
Jan
2.50
27 ft
Motors
60
Year
Highest
$ per share
No par
preferred
Abraham & Straus
70
15%
18%
31ft
YORK
EXCHANGE.
15%
159%
18
NEW
15 ft
46 Vi
17%
17 ft
for
14 ft
46%
105
112
*68
46%
*102
69 ft
69 ft
♦111ft
3%
31ft
31ft
70
3%
63%
18
69%
112
$ per share
3%
63%
*17ft
*68
the Week
3%
31ft
160 Vi
69 ft
♦111ft
Sales
May 18
46 ft
63%
17 ft
t per share
Friday
3ft
31'ft
105
May 17
45%
•
31ft
160
160
27%
*62 ft
*102
105
14%
15%
.
110
3%
69
14
27%
14%
112
*66
14 ft
,
69%
•111ft
69
12%
107
213
*69 ft
69 ft
112
37
•36
1 per share
Thursday
Apr
24
May 17
*
Feb
28
213May 17
2% Jan
24
34% Jan
22
49
$
per share
52 ft
Feb
108ft Nov
47
Jan
8y8 Aug
__
—
10% Jan
26ft
Jan
19ft Jan
37Vi May
75
1944
Highest
I per share
64 ft
114
64
10ft
__
14
33
Jun
Jun
Dec
Dec
—
Dec
Dec
24'/2 Oct
43
July
Apr
100
Dec
7% July
124
Jan
181
,2
Mar
tf5ft
Jan
Nov
4'A Mar
2
Mar
5
23'ft
Jan
36
Dec
Dec
3Vi Dec
Jan
23
68 Vi Mar
1
37
Jan
62
28ft Jan
24
34% Mar
7
24 y,
Apr
29% July
91
Jan
11
102 ft May
4
70
13ft Jan
2
56
153l/4Mar 26
18% May 17
-Jan
9'A Jan
141
165 Vi Mar
6
2
20% May
3
13% Mar
30ft May 18
34% Mar
1
29
15% Jan
Apr
Aug
91
Dec
15%
Oct
Dec
16ft Feb
35y* Mar
157
/
LOW
M.vnrfaj
May 12
May 14
May 15
$
26%
26%
26%
*100'%
101'A
26%
27
*100%
*100'/2
101%
47%
473/4
*27%
28%
28
4%
433/8
45
45
*115%
*115%
117
*30%
4%
4%
*4%
116%
115
115
45
31
4%
5
<
2,500
48
400
30%
30 3/4
31
30'/4
301/4
30
30%
58 '%
57%
58%
58'/4
593/4
573/4
59
/:•/' ' 57%
29'%
28 %
28 5/8
29'
30%
30%
31%
31%
29 %
30'/2
29%
77%
77
77
*76'%
78
77%
77%
18 3/4
19
19%
193/s
19%
193/2
♦19%
193/4
44
43%
18%
.'433/4
43%
435/4
43
43%
42%
131%
131%
131%
*132
133%
*1321/4
1333/2
115/8
11%
11%
11 «/4
11%
97
96'/a
96 3/4
96%
963/2
96
192'/4
192
*29%
*104'/4
29%
295/8
2934
119y2
*1153/2
116%
1163/4
18
107%
32
18%
20 3/s
:5%
53%
5%
2,900
Amer
3,500
American
1,700
Amer European
2,900
American
5%
5%
13'A
13'A
14%
13
133/4
133/4
13%
13%
13 %
13%
13%
35%
35%;
36'A
34%
35
37
34%
36 3/8
34
343/4
35%
343/4
23%
99
43
78%
*48
49
78
*773/4
77.3/4
9%
49%
78%
78%
900
American
9%
10,700
American
85%
400
8%
8%
85%
85
84
10%
*93/8
93/a
93%
95%
x9'%
9%
493/4
493/4
*49%
49%
49%
49%
33%
32%
33
335/4
33
34
32%'
113
113
113
113
113
10%
10%
10%
114
113
113
223/4
22 3/4
23
23%
23%
12
12%
12
12%
12%
12'/4
5,300
47%
47
47
29
293/a
X140 3/4
29'A
140%
29%
480
5
5%
; / 5
73
733/4
73%
733/4 :
73%
74%:
75'/4
74%
741%
3,700
74
74
74
66%
66%
66
66%
66%
66'%
67%
653/4
66'%
3,800
66%
67
66
5%
5
182%
*180
xl8
18%
18%
86
86
861/4
1,320
25
25'A
*24%
25'A
253/8
25 «/8
1,400
231/4
*22%
23'A
*223/4
23'A
200
33%
34%
34%
34%
'570
85%
86%
86
86 V*
SS'A
24%
24%
24%
24%
243/2
24%
23
V
22 s/8
22%
23'A
23'/4
35%
35%
34%
35ya
34'/2
34%
48
48 %
43
48%
47%
48%
167 3/s
433/4
433/4
44;
*22'%
*
48%
483/4
166%
165%
483/4
165%
44
162
*159
483/4
165%
162
*158
'
323/a
32%
32 3/4
323/4
32%
33'/4
333%
33%
20%
20%
20 %
20%
20 'A
205/8
20'/4
20%
20 3%
21%
21%
273/4
273/4
48
48
27%
74%
t
75%
75%
154%
51%
52
12%
*10%
♦105%
6 %
*70 3/8
6%
6%
343/8
42%
34
34
/
1083/4
108%
109%
109%
109%
110'A
900
6%
6%
6%
6'A
6%
6'A
3,500
Amer Zinc Lead
71 »/4
71'A
70'A
300
$5 prior conv
34%
::
r.
*111
41S/8
42
13%
14
*13>A
4%
45/8
4%
73/4
;
119
119
.119
.
118
119
,
.
*118
49%
49%
49%
491/2
*13%
13 5/b
13%
13 5/a
13%
245/a
133/4
xl3%
13%
243/4
*120
122
*120%
121%
*113%
116
*114%
116
1143/4
*45
108
108%
663/4
'*37%
*75
*107%
93%
93 y8
93%
92%
1123/4
92%
*111
*
*121
53
*45
53
*45
*107
'
49
13%
13%
25
245/a
24%
_
111%
1113/2
1123/4
66%
663/8
*37%
38%
33%
33%
lll3/4
16%
'*57
573/4
*56%
'
673/4
68
119%
*118
673/4
*118
66
38
37%
77
333/8
*111
573A
22
*133/8
14
*87
91
*87
112%
112%
3/4
41%
41'%
13%
13%
*13%
45%
4%
4%
56
56'/4
56
4%
*114
119
119
119
*118
120
49 >/4
135/8
13%
25
*45
*1073%
53
108
93%
93%
112%
1123/4
1123/4
67 3/4
67%
33%
14
38
*74 3%
33
112
69
78
90
:
6,000
113%
113%
113
113'%
53
108
*107%
107
93%
113
113%
113%
114
1,100
X67
67%
66'A
67
5,700
94%
*743/2
33'A
x32%
33 3/8
lll'A
lll'A
111%
V *>7>/4
*57
57%
57'%
57%
57%
69
681/4
72'A
71'A
723/4
118
118
*119
121
*119
121
22
*21
22
*21
22
13%
*13
133%
90
*87
90
13%
13%
21%
14'A
91
943/2
33%
31,100
17%
800
30%
31%
3034
31%
311/4
31%
31%
341/4
171/4
16 7/8
76
76
*75»/2
77
763/B
41
40%
76%
7
*17
17%
76'%
75%
43%
4 3 5/s
*75%
76
443/4
44%
*76
43%
70
76
43%
6,300
Aviation Corp
& Ohio
preferred
4%
; 40%
40%
28%
28%
*273/4
29
*28
29
*28'%
291/4
29»A
53
53
*523/4
53
*52%
53
*52%
53i%
*523/4
21%
22
X22
22%
21%
22
213/4
22
213/4
22
21%
21%
7,300
Barnsdall
19
193/8
19%
19 5/8
193/4
193/4
20
19%
20
3,400
Bath
*381/4
39
*19
*38%
*41%
^108%
10%
*383/4
*113
19%
39
42
108%
193/4
39
»/4
39
*38 3/4
41%
41%
*41 J/2
*108 »/4
108 %
1031/4
39
42
lOS'A
*383/4
*41%
*108
10%
10
10
10
40%
*39
41
*39
41
*39
114
114
*115
116
116
115
For footnotes
see
103/2
page
2239.
103/4
39
42
108'%
10%
40'%
116
39
42
108'A
10%
*39
116
29'A
29
29
600
53
52%
527/a
300
39
42
108'A
•11%
39%
116
'•
42'A
*108
10%
"
43
108'A
111/8
*39
118'/8
600
70
5'% %
Oil
Iron
Beatrice
$4.25
800
Beech
Aircraft
Creek
26
Mar
Oct
Feb
130
32
Jan
43
2
Jun
33/8
Aug
115'A
;
Feb
66 %
Dec
40
Feb
60%
Dec
9
Jan
12% Aug
163
Jan
44%
180
Jan
17% July
Jan
77%
13%
Jan
18'%
Sep
13%
Feb
19'%
Dec
26'A
Jan
37'A
Dec
36 Va
1
Jan
Jan
Dec
Dec'
112'A
44'A
15'A
5%
26
2
27
27
26
2
45%
Dec
Nov
152'%
Dec
;
Jun
28%
Dec
:
Jan
19% July
16%
Jan
25%
Dec
29
Feb
56
Dec
111
Jan
132
Dec
31'%
26% May
6
156
Jan
Jan
75
57%
Jan
45
Jan
2
;
Dec
75
139
Jan
8%
:
July
July
152% July
15%
Dec
49
Jan
Jun
75
2
77
Jan
14% Jan
2
25
1
50
20
7
Mar 27
65
Dec
Jan
29'A
Dec
Jan
39
Dec
Jan
28% Julv
14'A
Jan
2'%
Jan
•
Dec
4% Aug
57
Jan
Jun
6% July
4%
Jan
107 3%
Dec
85
Jan
119
Jan
35'A
Apr
46%
9'A
Feb
12'% July
8'%
24
Apr
74i%
2
May 18
Jan
13%
Jun
19%
Dec
Jun
12'%
Jan
90
Jan
113
85'%
Jan
1131% Nov
33
45%
May
Dec
Sep
108'% Nov
103'A
83'%
Dec
Jan
1061/4
Dec
25%
Jan
55
25
Feb
38% Nov
59'A
7
Jan
82
1
Jan
53'%
Mar 16
Jun
76
Dec
Nov
32% May
24%
Jan
107%
Feb
11%
Jan
17%
531/4
Jan
57%
Oct
62
Jun
52'A
May 16
112
May 18
Feb
2
May 7
95
Mar 24
23% May 7
7lA May 16
114
Apr
Oct
Dec
120% Aug
May
20
14 % May
Dec
Jan
13'% May
66
Apr
84 V4 May
14»%
Dec
15% Nov
3%
Jan
7
6
Dec
26%
Dec
5%
Jan
13%
Dec
34'A May 17
9%
Jan
23%
Dec
28
9'A
Jan
14%
Dec
60
Jan
68'%
21'%
Apr
12
Jan
18
30% Jan
Feb
93A
8
30
14
30'A Feb
66
18
19
19% May 17
■
Apr
77'% May
9
44% May 16
-
31
May
54
Apr
30
25
Apr
4
*
23%
18
Dec
Dec
July
"
14%
Sep
18% Mar
.
Feb
28
22% Mar
7
14% Aug
32'% Jan 19
—No par
No par
,.
Dec
Jan
42
24
15
2
24
Dec
6'% July
4
25
36% Feb 15
Jan
3
Mar 7
Jan 23
113'%
17'%
58
72'A
119 '
Nov..;;::.
20
30
30
6
14
40% May
80
Feb
9'%
24%
108% Mar 23
98% Apr 24
114
May 18
Apr
Jan
14%
25%
122'%
117
100
107
44
May 8
May 18
Feb 14
45% Jan 19
Jan 20
Jan
3
Jan
4
Mar 9
12% Jan 24
5
1-
'
Jun
166%
56%
9
14'A May
25% Jan 22
11% Jan 22
19'% Jan 31
10
,
15
7
May
Mar
Jan
Mar
Mar
Mar
6%
102'%
lll
43'%
5'AJan
.«
~
43'% July
165'%
39% May
22'A
Mar
6
35'A Apr 23
6
113 • Jan 25
i8i% Jan
6
10% Jan 22
par
0
Aug
12'%
62'%
May 8
Apr 30
Apr
Apr
Mar
Feb
57
May
8% Jan
115'A Feb
126
Feb
49% Apr
60
par
/ '
Dec
Jan
5
2
20
14% Jan 22
55% Feb 19
:—100
:
Dec
Dec
Jan
74% Jan
30% Jan
._50
!
Hee'Jh-Nut Packing Co
12% July
Feb
Jan
9
Corp
Jan
6'%
50'% Jan
RR
8%
20
67'%
17% Jan
Creamery
24'%
84'%
——50
preferred
Feb
12% Jan 11
116
Jan 11
7'A Feb 21
72% May 4
—No par
Bayuk Cigars Inc__
Dec
14%
9
6
Jun
108% May 8
•.
Corp
lll'A
16'A Aug
2
3
Co
Works
Jan
Jan
L
preferred
Beech
7,200
39'A
117
400
:
Barker Brothers
80'%
61/4
no
13
—100'
i—100
Asphalt Corp—
Barber
Dec
2
7
7
1
3
(The)
Bangor & Aroostook——
■V Conv 5 % preferred
403%
42%
Del
28i%
14
22
100
——
of
50
Feb
120'% July
33'A Feb
—5c
33'A
303/4
171/4
Co.
Baltimore
7%
Jan:;
Apr
48'% Jan
No par
prior A
Baldwin Loco-Works v t c
18
17%
$5
Autocar
68,700
28%
17 y8
*211/4
21%
9'A Aug
Jan
63%
"
Dec
9% July
14%
54'A May
106
Jan 12
76% Jan 31
.101
Jan 30
No par
No
Nichols
12,100
283%
17%
17%
1
preferred—
conv
Austin
19%
28%
17%
173/s
640
5%
Atlas Tack Corp—*
28%
28%
17%
173/a
100
1,200
19
28%
17%
17%
,
28%
283/4
173/4
30
.
*21v
No
' '
7% Aug:
793%
Apt
46
75
77
,
—50
preferred
6 %
Atlas Powder
193/4
28%
17%
*17%
240
119
119
M33/4
Corp
Jan.,
7»/8
166% May 18
y
—100
25
100
5
Refining
pref series A
conv
29'A
283/4
a
300
1,450
71
Jan
Mar
34'A Mar
1
1,300
17
"7
Atlas
4
61
142
100
preferred
non-cum
4%
y
Lines
121,900
6%
21%
5%
Atlantic
8
11'% Jan
y
par
RR
Line
W I SS
73/8
21%
6%
.
Coast
&
G
2iy2
21%
6%
73/4
Atl
:•
21%
6%
22
5%
Atlantic
9,200
573/4
70%
90%
90
213/4
7
,
320
17
17
57/4
10,800
Atch Topeka
'
17'A
215%
100
78
78
33%
17
7
500
38'%
lll'A
*74%
333%
28 5/8
.
*37i/2
38
38
6,900
Dec
,* 6'A Aug
Apr
50
—100
100
100
preferred
& Santa Fe
preferred—
5%
941/4
943A
3'%
■■
116%
10
—-No
Jan
7
18
113
111
Co
40»%
Mar 7
28'% Apr 24
56% Jan
3
HO'% Apr 13
41
May 2
12% May 4
4% Jan
2
5
preferred
2d preferred—-.
7%
Apr
47
Goods
Dry
Dec
33
Oct
34% May
1st
6%
Apr
94%
121'% Mar 15
1
100
100
Associated
Assoc Investment
53
*45
*107%
.
25%
Jan
391%
Corp—-^i-_,A-Np par
Artloom^^
400
*453/2
17%
21%
,
Jan
76'%
6
Corp—;
Jun
102
Jan
15%
59
Mar
2
Midl'd
No par
Co of Illinois.
5
prior preferred—_No par
7% preferred ——-100
Armstrong Cork Co__
No par
Constable
68
Dec
Mar
5% Mar
65
33'A Jan
24'% Jan
$6 conv
130
17
*88
2,700
25%
122'%
173/4
13%
3/2
25
25%
6 3/4
5
.
122
38
112
■
^
Arnold
800
t
121
25
943/a
77
14
13%
...
4,700
121
253%
1143/4 114%
112
13%
14
133/4
'A
13%
13%
1143/4
37%
133/4
49%
121
130
14
491/4
13%
/
49%
49%
25
119
*117
600
29
Oct
Nov-
29 Vs Jan
Armour &
33,900
/
11%
Jan
46 •'
—50
Daniels
Archer
600
8'/a
1141/B
114%
Apr
1%
39% Mar
-No par
Corp—Iz.dO
preferred--No par
Clayton & Co——21%
Copper Mining
2u
W Paper Co Inc
——5
A P
8
23
Feb 20
May 18
Apr 17
May 18
Apr 13
May 18
25
60'% Jan 23
andes
800
4%
:49%
49%
121
53
8
13%
_
121%
108
/
$4
200
.
Dec
4% Aug
2'A Mar
7
9
Jan
2
100% Mar 26
5% Mar 27
Anderson,
3,700
-
56%
8
115
:
;
*553/2
8%
8 5/a
1133/4
,
Anchor Hock Glass
270
411/4
43/4
56%
56%
7%
113%
:■/
s:
*13% /'ii4: /;/"
14
21%
1
41
41%
1133/4
7%
500
112'/a
41
*21
1193/2
*20%
14
331/4
*111
112%
32%
69
68
22
112%
33%
<
Dec
Sep
36'A
09% Jan 11
25
preferred—
Anaconda Copper Mining
Anaconda Wire & Cable
22,900
44%
& Smelt
520
34%
*33
34
*33
17
17
*13%
22
32%
112
*111
16%
16%
67
79
*75
79
32%
1113/4
*1073/2
43%
Preferred
'
4s/8
7%
113
34%
44'A
14
56 3/4
8
113
34%
44'%
41%
*43%
56%
56%
56%.
8
43/a
70
71'A
./
34%
:
435%
42%
.112%
41%
*13%
*69
34'/4 ,34'%
:
33% ,33%
i
111%. 111%
.
343/8
423/4
425/8
13%
•
6/8
72
41%
113%.
No par
100
—1
106%
6 '/a
2,100
Dec
107'A
21'A
156
Mar 17
16% Mar 1
———No par
Woolen
American
10%
Aug
20%
Feb
Jan
14
146
preferred
$6 1st
100
,
10%
May
15
Mar
10'A
45% Mar 0
160
Apr 25
33% May 18
8'A Jan 23
103/4
101'%
147
Elec—__No par
Water
16
May 13
Jan 15
Feb 27
'
131% Nov
Apr 25
Wks &
preferred-
5%
Am
19,500
13%
109
*107%
108
108
r:
Feb
172
3
13'% Mar 27
43% Mar 27
117% Jan 22
10%
112%
7%
13%
133/8
13
109
7,200
120%
*120
100
——
108'%
40
Feb 15
49% May 8
y
10
—-14
—100
preferred
Type Foundries Inc—
American Viscose Corp
Amer
11,200
52%
52 ::'i
53%
120%
G'/c
1,260
.
16 3/B
10%
413/4
*56%
186
15%
16
25
class B
Common
10%
*111%
*112
155%
American
i,cioO
2.700
52'%
*120
13'A
13
ij
76
153%
53
*107
Id
it
.
Teleg Co
100
Tobacco———25
Amer Telep &
17,200
753/4
'4
No par
Sumatra Tobacco
Am
'/,
166%
155%
155
120%
91
■
166%
10'/4
*70
34
*33
100
10'A
423/4
*42
Refining——100
Preferred
500
16
145'AJdn
No par
Co
American Sugar
2,000
106 3/4
345/a
34%.
34%
; 42%
Stove
134
nt
/•*
753/4
155%
523/4
*120
13
Stores
American
75%
7*74
75%
15%
109
12%
/
155'%
155
15%
American
300
27
41'% Apr
9
153
Feb
9
27'% Jan
2
17% Jan 16
22% Jan
3
46% Mar 26
1201% Jan 12
29% Jan
2
157
Jan 31
65
Jan. 2
65'A Jan
2
100
1
rti
75'%
75%
155
*107
72
*70 5/8
72
■'71J/4
52 3/4
61/4
■
74 */4
120%
106
106
106
743/4
52
10%
10%
166'A
31
*120
109
*107
10%
133'A
1653%
15
13
12%
13
133
3,400
49'/2
49%
165%
133
9,900
2
4
17% Jan 15
..JNo par
No par
Dec
27% July
15% May 7
184
Mar 16
19% Mar 6
91% Feb 23
25% Apr 17
23% May 5
/ 33J% May 17
40'A Jan
2
164'A Jan
3
——25
-
preferred
non-cum
Amer Steel Foundries—
28;
133%
133
753/4
120 %
48%
165%
.
154%
52
52
109
*107
;
15%
*120
120%
743/4
155
14%
15 %
*120
751/2
75%
155
155
15 l/8
473%
6%
A
21%
♦27%
28
*27%
48'%
31
1653/B
.
271%
165-%
31
743/2
273%
48 3/8
133%
*133
165 5/s
74
74
48
31%
165%
165%
28
48%
*27%
1333/2
*31
32
*31
1643/4
48'A
*1323/8
133%
*132
27%
*47%
£
75
Jan
18% Jan
—
„
33%
33%
32%
32%
8,000
■
.
43%
43%
44
162
?
49%
165%
49
105%
*156
43%
435/a
433/4
162
34%
*32
166 3/4
43%
*159
162
*159
162
*165 3/4
168
167%
167%
*43%
*159
-
American Snuff—.
85'%
-
American
Nov
US'/a July
78 'A Feb 20
72
Feb 20
500
85%
Preferred
30
95i% July
183'%
Jan
May 1
5% Apr 16
670
85 ya
:
12,900
:
Mar
Npv
31
2
191/8
May
July
48
15% Jan
179%
18%
Sep
14
82
141% May 16
2% Jan
2
60'% Jan 22
54% Jan 22
;
133
23
115
May
25% Feb
14% Jan
2
Rolling Mill--—-——25
4'%% conv preferred
100
American Safety Razor
18.50
American Seating Co——-No par
Amer Ship Building Co.
~^No par
Amer Smelting & Refg
No par
Preferred
—100
14%
Xl79%
18%
San'y_
Rad & Stand
Am
24,100
15%
182%
18%
14%
*180
41% Jan
No par
No par
No par
preferred
preferred
$5
'
22
Jan 30
Mar 26
130'% Jan 26
par
Oct
Apr
8
36'% Apr 24
2
2
2
18%
15%
1823%
$0
3
3
11'% Jan
176
Jan
183/4
15
*180
86
*22%
15
■
Jan
371/4
126'%
107
10'4 Feb
No par
-100
18'A
15%
182%
*180
182%
18 5/a
5'/a
> 5
17%
14%
15%
14%
15%
143/4
*180
5%
5
Jun
46
89'% Feb 6
11 % Mar 7
9% May 14
50
Jan 11
5
No par
Amer Power & Light
■11.200
53/s
5
5%
26
:108
par
No
Co
News
19%
Jan
6% Feb 27
———-—100
preferred
6%
American
380
48
Ltd
Amer Metals Co
2,300
141'%
47%
48
47%
48
140%
29
x283/4
141'%
48
47%
47
473/4
140
29>A
140
140
139
139
139
29'/4
29%
29%
29%
29 3/8
Jan
51
Jan 13
81'% May 5
21
11% Mar 27
24'% Jan 24
—No
Dec
7%
Mar 15
44
Jan 15
9
Jan
7% Jan
48'% Apr
No par
19
21'A
109'%
36'%
5%
15'%
37
4'A
108
25'A
101
Jan 24
Jan
3
Mar
1
Jan
2
6% Jan
70
100
& Metals.
Mach
Amer
Jan 20
Jan
8
Jan
2
Jan
38%
5
47
68"%
1
Amer Mach & Fdy Co—
16,000
12'/a
12%
12
12'A
12%
12%
223/a
24'A
22%
23%
23
24
5
13% Jan
3
18'4Jan 22
106'% Feb
5
30'A Jan 24
3% Jan
2
10% Jan 3
27
Jan
3
2'% Jan
2
96
Jan
2
20% Jan
2
91
Mar 1
par
—
21%
131
preferred——100
Corp
No par
preferred
72'%
9
110
cony
7%
600
24
Jan
112'% Mar
preferred
50
American Locomotive——_No par
5%
Jan
3
27
,
par
Invest Co of 111
American
12,300
114
Internat
60
Jan
42% July
par
par
par
10
No
Ice
6%non-cum
90
Products
Home
July
99%
-—-—50
.—1
preferred
conv
Amer
700
33%
33%
6%
1,600
/
9'A
493/2
*9%
*49
a
3,200
;
10'/a
*10'A
10%
10%
9%
113
113
*23%
*136
200
33
33%
*111
6'/a
493A
Dec
2 3 »/a
Jan
Hide & Jbeather— ..—.-I
American
6 34
49%
10 %
1,100
493A
491/2
Z
43%
_
Hawaiian SS Co
American
78
84
,,v
r
493/4
78
82
1,000
03/4
93/a
'
49%
323/4
*43
*49
83/4
7%
44
101
100
I 6'/4
•
78
82
82
:
49
49
; 77%
8
*7%
*80
82%
10%
10%
*9
7%
73/4
*80
-.
No
No
-No
No
Foreign Power
preferred
preferred A
$6 preferred
45'%
Apr
68%
Sees—No par
1
$7 2d
18,200
31'%
Dec
16
Apr
Export Lines Inc—
$7
4,700
24'A
23%
100
43%
■>
108
1053/4
24'A
23%
May
40
J an
Ll
•
6'/4
6%
6 3/s
49
773/4
82
10%
433/4
6
8
*7 3/4
433/4
Amer &
9,300
33/4
3%
3%
w.
26
33 3%
*
105
X1043/4
:
*983/4
*993/4. 100
44
433/4
993/4
6
&
78%
*79
99
*48
49
*47%
243/4
'
6
6
/
6
3%
3%
105%
245/s
43%
43%
3%
23 5/a
106
99
*98%
43
*97%
233/4
23
105%
3%
3%
1043/2
23 %
104
104
23%
35/8
104»%
3'/a
33%
3%
104
5%
53/8
5%
5%
par
Tiling
Encaustic
25
18
17
18
18
1
1
10
10
preferred———100
Distilling Co stamped20
5%
110% July
May
Mar
Mar
Apr
May
Apr
1st
32'A
Mar
283%
47'A
107
31'A
119'A
Crystal Sugar
6%
42% Nov
82
170'%
Colortype Co
American
5%
13%
5%
American
110
.
31'A
77'/2
Dec
Jan
20
Apr 25
.No par
200
107
32
32%
32'/4
32%
32'%
106
Chicle—
Jan 30
4'A
195
-—100
preferred
conv
American
61
Dec
Jan
2
Jan
par
No
Inc
Cable
32'A
Jan 24
Jan .2
July
24'A
Mar 21
—100
preferred
non-cum
&
No
Fdy__
4,300
21'A
yA 21
108
*107
108
*107
21
&
Jan 24
40% July
118
.!
Apr
Feb 20
Mar 26
Feb 10
25
.
8
5% Mar 1
Feb 21
Feb
Apr
May
May
May
Mar
Feb
Jan.
Jan
Apr
17%
'
Dec
July
130
11'A
89'/2
183%
39
96
-100
Car
Chain
5%
20
18
18
183/a
*17 5/s
19%
«...
270
130'%
130%
1%
Am
2,200
118
*116
116%
130%
193%
>
32%
32%
32%
33%
*32%
107
106
106
106
*105%
103/4
19%
1163/4
130
*17%
18%
19'/4
13
19%
1163/4
30'/2
30%
&
105
share
103
Apr
333%
8
8
49
126
2
Jan
x41
par
—100
Radio Corp—
1
Can
American
800
106
105'A
30%
131
130
*17%
18%
20
19%
128
128
129
128%
129
129
30
No
Co
Shoe
96'A
22%
Jan
7
47'A
17
135
8
13%
12
99'/2 Apr 17
1
Corp
Preferred
8,200
47'A
463/4
105
105
30
29%
*117%
117%
*18
105
105
106
104%
29%
30
260
•.
preferred
American
2,800
46%
45'/4
45 "3/8
3/4
45
44%
44
104%
105%
*115%
192 3/4
44 y2
44
443/8
44
*104%
192'/2
192%
194
193%
97
192
^.10
-
50
Bosch
Amer Cable
52,500
11%
96%
192
192
5»A%
28
42'%
.20%
69'%
16%
5
(new)
Note
Bank
Brake
Am
,107 % Jan
par
preferred
American
100
191%
96%
963%
96'%
192
11'A
ll3/a
3.11/4
11'%
11 >/4
11%
97
6%
2,300
;
Airlines
American
4,800
No
Corp
2
2
19
3% Jan
6
"'43% May 14
1
—50
preferred——
Agricultural Chemical-No par
Amer
120
A
No par
Petroleum
American.
7,600
T
433/4
43%
131%
433/4
132
132
132
*131%
%
19
19 y2
19'%
*43 %
*76
77
*75%
77
*75%
.
6%conv
10,800
61
59%
49% May
125'/2 May
29 % May
par
100
Portfand Cem
Amerada
1,900
30'A
*30
30%
575%
38% Jan
113% Jan
23
Jan
14'%
29% May 13
102% Mar 26
Amalgam Leather Co Inc
500
28%
.?■'
:
116
46
57
'
'
,
Mfg—
Highest
S per
share
per
20% Jan 24
100% Feb 20
preferred
conv
Alpha
1,700
5
115%
116
116
116
*115
5
4%
$ per share
No
preferred
Allis-Chalmers
900
28'/a
5
46
46
6,500
*28
4%
.
45
45
28
28
28%
49
122'%
122%
122%.
5%
share
1914
Lowest
No par
100
Allied Stores Corp
300
48%
48%
48%
28
27%
433/8
4%
*4%
'-43%
101
122%
48
*121
27%
28
101
101
48
475/8
120
Xl20% 120%
120
123
101
101
122
'
47 »%
47
120
103
*101%
S per
Par
15,600
293A
29%
29%
Year
Range Since January 1
Lowest
Highest
EXCHANGE
Shares
t per share
share
283/4
28%
28
273/4
$ per
share
$ per
t per share
the Week
STOCK
YORK
NEW
Sales for
May 18
May 17
May 10
# per share
per share
'
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
AND
Saturday
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2230
39
7
25'%
Feb
34'% Nov
36
Jan 23
108
Jan
4
9% Apr 25
43
31
Jan
38
111
16% Jan
2
18% Jan 22
36
114
Mar 17
Jan 20
May
May 18
19%
Dec
Dec
Oct
Jan
11
105%
Jun
14% Jan
2
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
Nov
110
40
Apr
18
118% May 18
31
lliy*
Volume
161
THE COMMERCIAL
Number 4387
& FINANCIAL CHRONICLE
NEW YORK STOCK
AND
LOW
,
16
Tuesday
May 15
May 16
$
13%
STOCKS
Wednesday
May 14
$ per share
$ per share
13%
*13%
13%
Thursday
May 17
$ per share
13%
share
per
13%
16
15%
16%
16%
17%
17%
18%
50%
50%
50%
51
50%
50%
50%
51
24%
24 %
24%
24%
25
24%
25
56
14
56
*55%
Sales for
NEW YORK STOCK
May 18
the Week
EXCHANGE
$ per share
>
14%
14%
15
17%
18%
17
18
50%
51% (
25
25
25
6,600
.2,200
♦55%
56
*55%
'
*55%
24%
24%
25
24%
24%
24%
25 ¥4
24%
24%
24%
24"%
19
19
19%
18%
19
18%
19
18%
19%
19
19% £
79%
75%
76%
76%
142%
76%
77%
142
57
57
26 ¥e
26
77%
78%
26
141
57
58
59%
26
26
26
14%
14%
14%
22%
*21%
78
78
141%
141%
59%
25"%
25%
*141%
22%
;
2,200
'
26
14%
14%
15
147/a
15
14"%
15
21%
21V2
21%
21%
21%
21%
21%
*20%
21
*20%
21
20%
111
*110%
112
*110%
20%
20 ¥2
*110%
112
21J/2
*20 ¥a
•
112
21%
*110%
20%
*110%
112
20%
-
19%
19%
19%
19%
18%
19%
19¥4
19%
20%
20%
20V2
55%
55
55%
54%
55
54%
55
*55%
56
55%
55%
95%
96%
96%
96¥a
97¥2
98
96%
.97%,
56
56
56
i»u
56
56
57
57
53%
53%
54%
53%
54%
54%
55%
96%
96%
96%
*55 %
56%
55%
56%
54%
53%
54%
53%
53
130
130
*127
*126
134
*127%
134
19 y2
130
*128%
130
130%
350
?
134
400'
<
38%
38
38%
38%
38%
38%
38%
38
38%
38
38%
43
43%
42%
43
42%
43%
43
43 %
43
43%
43
43 Vs
6%
*6
20
6%
6%
6¥a
6%
6%
6%
48%
*47%
48%
47%
47%
48%
48%
*47
48%
*47 %
48%
20%
20%
20%
20%
21%
21
21%
21%
22%
50%
*50%
51%
*50%
20
20%
*50%
50%
*50%
50%
50%
6%
50%
6%
*50%
12%
12%
12%
12%
12%
12%
41%
41%
41%
41%
44 ■ t
41
42
43%
43%
*43%
44%
44%
54%
54%
54%
*54%
54%
54%
30
29%
29%
29%
30
29%
49%
49¥2
49¥2
50
44
44
54%
29%
*49
*54%
29%
29%
*49
50
*27%
15%
28%
27%
27%
27%
15%
15%
15%
*43
50
51%-
12%
12%
12%
12%
42
42%
42%
42%;
44%
44%
44%
54%
*54%
55
30
3,800
50
50
400
27%
15%
15¥2
*49
27%
28
15"%
28
..
28¥t
15%
15%
28¥4
6,200.
•
9,100
700,
14%
13%
14 Vs
13%
14
13%
i4
84
84%
84
84%
84
84%
83%
84¥4
84
84¥2
84¥i
84%
%
15%
*26
23%
*57%
16%
15%
16%
15%
16%
16
16 ¥a
16
16 V8
26%
25%
26%
26%
26%
267a
27¥2
27
27%
23%
23%
23%
23%
24
24%
24%
24%
*125
24%
59
58
58
57%
57%
58
58
22%
23%
23 Ve
23 ¥2
16 Ve
X27
24%
'
25¥2
59
58%
59
23%
23 ¥2
23 ¥4
23 ¥2
7,100
X23
23%
*110%
111%
*110
110%
16%
16%
16%
16%
16%
17%
17%
17Ve
17%
18Vb
17%
18¥s
41,000
8 %
8%
8%
8%
8%
8%
•8¥n
8%
8%
8¥2
8%
8%
-6,900
*80 %
63
19
*106
*3%
82
80%
*63%
19%
80
80
79
63%
63¥2
63%
18%
19
18%
106%
3%
3%
3%
*110
80
63%
106%
107
110%
64
80%
63
*110
110%
*110
..
18%
107%
107¥4
3%
3%
18%
107%
107
3%
110¥2
*79
81
63¥2
64¥2'
19¥8
19
3%
79
63%
*107
80
32%
6%
6%
6%
6%
6%
6 ¥2
6%
6%
6%
6%
23%
23%
23%
23%
233/4
24%
243/8
243/4
24¥2
24%
34%
34%
34%
34
34%
34%
34%
35
35
353/4
36
117
116
117
*116
115%
116
*115
116
116
*115
50 ¥2
50%
49
49
50%
50 %
14%
13%
50%
14
*49
14
13%
14
13%
14 ¥b
13%
14
50
50
50
50
49%
49%
50
50 ¥4
50 ¥2
50 ¥2
*49%
12%
12 Ve
12%
55
12%
*130
*36 ¥2
6%
42%
*170
130
*36
*36%
37%
28%
29%
29
29 ¥2
29%
29¥4
72
72%
72
72%
72%
723/4
2,200
6%
42%
172
172
*170
*6%
6%
6%
43 ¥2
6%
43
169
*167
57%
48 ¥4
48 ¥4
48%
105 %
106%
106%
106%
104%
105%
*104%
145
145
145
146
*144
17%
17%
*20 ¥4
20%
57
17%
17
20%
22%
22
17%
20 ¥a
20%
20
20%
20¥4
223/4
23 ¥2
23%
1,130, ;
233/4
53/4
53/4
5¥4
112%
112%
12%
12%
12%
13%
12%
13
27%
27%
28%
283/4
28
29
28%
29 ¥a
•
5%
6
120*
i
*13%
14%
14%
14%
133/4
13%
34%
33 ¥2
34
33%
34
33%
33%
4,500
11
11 Ve
11%
11%
11
11%
11
11 ¥4
52,300
1533/4
154
*22%
23%
33%
*22 ¥4
23%
34
33%
*33%
33%
i53
153 ¥a
23 ¥2
*22%
33%
153%
153
154
153
154
*22 ¥4
23%
*22%
2 3 ¥2
*22%
33%
33%
33%
33%
33%
114
114
49%
49 ¥4
*49
50
*49
50
15%
*15 ¥4
15%
*15%
15%
*15%
15%
*15¥4
15%
50%
50 ¥2
51 ¥a
51%
51%
51%
51%
51 ¥2
51%
7%
7%
7%
73/8
73/8
7%
73%
7¥4
73/s
18%
18%
183/8
18¥4
183/s
93/8
9%
9 ¥2
9¥4
93/a
50 Ve
50 ¥2
50%
7 ¥4
7 ¥4
7%
17%
18 ¥a
8%
8%
8%
9%
29 ¥4
29%
28%
29%
28%
29
29%
36 ¥2
37
36%
37
36%
37 ¥4
37
373/4
373,4
38%
373/8
37%
66
66%
66
66%/
66 ¥2
67%
67%
68
67¥2
673/4
22
22%
22 ¥4
22 ¥4
22%
66
*22
22 ¥2
51 Ve
55
*54 ¥2
18
*17%
17
17 ¥4
¥4
28%
22
*21 %
18
.
9%
*22
*6%
7
33
25;
25 ¥4
25 ¥2
253/4
51
51
si
*54 V2
55
55
55
18
6%
32 ¥2
*32%
*22
"
*50 ¥4
18
17%
*17
7./■/
.
18
*173/4
17%
*17
6%
6%
*32%
33%
29 ¥4
293/4
29
22 ¥2
51%
*50 ¥4
55
9
55
25 ¥4
*17%
18%
8%
25 ¥4
•25
25 ¥4
*50 ¥4
*17
18
*■:
33%
25%
55
*17%
17%
6%
*33
52
54%
18 ¥4
*50%
:
112%
110%
112%
111%
112%
112%
113 ¥2
Xll2%
21 ¥2
21%
21%
21%
213/4
21%
213/4
213/4
21%
40 ¥2
40 ¥2
40
40 ¥2
40
40
*393/4
40%
40%
*56
101%
13
*101
:
13
101%
13%
-
56%
*55 ¥2
56 ¥2
*101
101%
13
56%
13%/';
56 ¥4
*101
101%
133/s
55%
13%
56%
*101
V
35
1143/4
21%
41 ¥2
1013,4
*186
105
*101
58%
*110%
110%
110%
50%
52%
52%
58
196
*186
196
*186
196
*186
196
105
105
*102
105
*102
105
<•102
105
110%
*110%
111
54%
54
111
110%
54
*110 ¥4
110%
•
53%
110%
54
110 ¥2
543/8
110
*108 ¥4
110
*108%
110
*108 ¥4
110
*108 ¥4
110
*108%
100
*98%
100
*98%
100
*983/4
100
*98%
100
*98%
100
*56%
60
*56%
60
*56%
60
*56%
60
*56%
60
*563/4
60
38%
39
39%
39%'
*39 ¥2
40
*147
137 ¥4
64 ¥2
39 ¥4
39
39 ¥4
43
43
43
149 ¥2
*35 ¥2
135 ¥2
*64 ¥4
64%
*1000
4l¥s
*111 ¥2
133%
64 ¥2
*64 ¥4
42%
25 ¥2
*111%
113%
26
34%
3 4 ¥2
33
35
33
26
34%
¥2
42
*111%
26
25%
34%
40
40
43%
43%
43
148 % 148
*148
149 ¥2
*148
149 ¥2
1333,5,
*134 ¥2
135 ¥2
136
136¥2
64 ¥2
64 ¥2
64 ¥2
64%
*1000
104%
42 ¥2
42
113 ¥2
35%
105
105
43%
35%
35%
105
64%
'X-'.
35¥4
105
433%
134%
....
36
106
43%
35%
*105
42%
42 ¥4
X423/4
112%
*111 ¥2
112 ¥2
*110%
*64
v
¥4
*1000
*1000
42 ¥4
26 ¥4
.
35%
35%
106
106
4234
423/4
113
*
110%
64¥2
33 ¥4
33%
31 ¥2
*30
31%
For footnotes
see
page 2239.
.
33%
*30
80
—
—
113
35 ¥2
35
35 ¥2
34
34
34%
31 ¥2
30%
30%
270
35 ¥4
33%
34%
*33 ¥4
31
31%
*30 ¥2
preferred
Chain Belt Co
Champion Pap & Fib Co
6% preferred
Special gtd 4% stock
Climax Molybdenum
Cluett Peabody & Co
16¥4 Apr
27% Feb
Jan
2
3
22
24
78
-
Feb
106 ¥2 May 11
July
Jan
77 ¥2
Dec
7 ¥4
30
12 ¥2
Apr
11%
Jun
Jan
22 ¥2
Sep
May
20%
Deo
49%
Dec
17
19
61
31
6
3% Jan
No
class
—
Ry
83
107
30
Apr
111%
Deo
Jan
15%
Jun
4
Jan
9%
7
54
Jan
83
Dec
3
43 ¥a
Apr
70 ¥2
Dec
Dec
12 ¥a
May 17
9% Jan
May
72 ¥4 Jan
3
19% May
109
8%
Jan
15%
~2%
Apr
~3% July
12%
Apr
17%
Dec
67 ¥2
9
20% Mar
Jan
90
Dec
Apr
25
Sep
30% July
57
Nov
7
23
6
24%
Jan
17
53%
Feb
Feb 23
%
Jan
15 ¥4
Jan
217a July
24
9
Feb 23
24% May 5
38% Apr 28
23 ¥4
Feb
35 ¥4
Dec
8
118¥2 Mar 17
Dec
3
34
Apr
18
20
56
Apr
2
2
6¥4Apr
4
20
Mar 26
31
Jan
113% Feb
47
Jan
4
103/4 Jan 23
48¥2 Jan
2
par
A—1
11
Jan
5
/52
Mar 26
ll63/4jan
2
10
100
5
10
50
6
24
33%
Jan
471/2
28
8%
Jan
19
42%
Apr
12% July
51 ¥2 July
Feb
-'6% Feb
15% Feb 20
55¥2 Mar 1
130% May 2
43 ¥4
Jan
37¥2 Apr
27 ¥2
1
18%
Oct
May
7
56% Nov
2
Jan
3
473/t Jpn 22
37¥8Jan 15
104% May 15
100
127
Jan
14% Jan
18¥2 Jan
20¥aApr
4¥4Jan
No par
—20
No par
109¥2Jan
2
2
5
5
2
16
10% Apr 13
25
Mar 26
10% Jan 22
,-100
No par
No par
1
100
33
7
129
Jan 24
Jan
Jan
2
8
21¥4Mar28
—No pur
No par
-—100
5
—5
28¥2 Jan
3
xlll¥2Marl3
41
Jan
3
l4¥aJan
5
47% Mar 27
6¥s Mar 26
15¥aJan22
5% Jan 22
24
Jan 22
25¥4 Jan 22
543/8 Jan 22
19 ¥2 Jan 22
19% Jan
2
49
Jkn
3
54
Jan
4
15¥2 Jan
3
16
Jan
4
4% Jan
2
293/8 Jah
2
91% Jan 24
!No par
No par
205/a Jan
2
31
Jan
2
98
Jan
2
9% Jan 27
49
Jan
2
170
Feb 20
89
Jan 26
109% Jan
May
593/4 May
52 ¥2 Apr
25
Mar 7
x35% Feb 20
115¥2Jan 20
54
•
Apr
Apr
62¥2 Jan
Deo
Jan
Apr
Dec
Deo
5%
39
Oct
Mar
31%
Apr
152 ¥4 Dec
54
July
40 ¥8 Jan
96%
Jun
106
Dec
Jan
129 ¥2
Nov
Jan
15 ¥2
Jun
19 ¥2
July
113
11
17
Jan
19
Nov
2%
107
8%
20%
.
Jan
Jan
23
July
45/8 July
114
Sep
15"
Apr
Jan
Feb
37 ¥2
4%
Apr
9
May
134
7 ¥4
57
17%
Apr
23
Jan
108
Jan
Mar
12%
*
Dec
Jan
jun
Nov
23
Deo
31 ¥4
Dec
114% July
46a/4 July
Jan
11
Feb
14 ¥a
Dec
Apr
Sep
50%
Deo
5%
8 ¥4 May
117a Jan
18% Mar
4%
May
<
28% NOV
30 ¥2
.
Apr
44
May
54% Mar
10
33 ¥a
22%
277a
May
16
Jan
18
Jan
9¥a Mar
18% Mar
77a Mar
253/g Mar
30 3/4 Nov
30% May 5
38% Apr 30
21 ¥2
Apr
69 ¥2 Apr
28
43 ¥2
Sep
65¥a July
23% Apr
19
15%
Feb
21%
27% Mar
7
16 ¥a
Jan '
54% ApV
19
213/a July
49 ¥2 Nov
38% Jan
Deo
58% Apr 16
18
Feb 23
47
Jan
57
Nov
13
Jan
19 ¥4
July
18 ¥4 Feb
23
17 ¥e
8% Feb
19
147a May
1% Jan
36 ¥2 Jan
18
24
30
116
May
7
77%
May
Feb
63/8
98 ¥a
Jun
Oct
July
Jun
23 ¥4 Jan
15
14% Jan
25 ¥a July
43 ¥2 Jan
18
25 7a-Nov
31%
103% Feb
13
95
13% May 18
67a
353/4
:
NOV
96 ¥2
Oct
Jan
107a
Jan
Feb
51
Dec
186
Apr
19
148
Jan
185
Jun
105
May 15
76
Jan
90
Jun
60
Mar
114 ¥2 Feb
34¥j Jan
35% Jan
140
132
4
Dec
65
143 ¥2 July
44 ¥4 Jan
25
203/4 May 9
24¥s Jan 10
6¥4Feb 14
115¥4 Feb 23
14% Jan 12
30
Jan 18
14¥4 May. 9
38% Feb 23
11% May 8
154
May 17
110¥2 Apr
2
5
9
2
2
7
107¥2 Feb
6
146
Apr 24
lsytMay 7
53¥2Jan 17
—50
4
33
7¥4 Feb 19
44% May 8
171
2
Jan 22
107¥2 Jan 24
93¥2 Jan
3
44
26
Deo*
Dec
119
Jun
May
74
35% Jan 26
No par
11 ¥2
54 ¥2
Jan
97
30
152
Dec
Apr
Mar 26
15
Jun
52
Jan 22
5¥4 Jan
1
73/8
143/4 Apr
53
32
25
IV4
May
21
x61¥4 Jan
100
No par
No par
5% conv preferred
100
Colo Fuel & Iron Corp
No par
Colorado & Southern
100
4ft non-cum 1st preferred
100
4ft non-cum 2nd preferred—100
Mar
4 ¥a. Feb
Jan
53
Deo
"
l¥4Jan
par
-No par
2
Dec
4
18 ¥s
26
—100
,
Dec
Jan
47 ¥2
9
Mar
Dec
5%
16%
111¥2 Jan
2
7 ¥4 Mar 28
{■
116
5
24% May
Mar 27
137/a Jan
Jan
25¥2 May 18
/
6
59 ¥4 Mar 27
14% Jan
6
No par
No par
Preferred
.100
Coca-Cola Co (The)———No par
Class A
No par
Coca-Cola International Corp No par
43 %
35%
35%
5%
$4.25 preferred
Collins <fc Alkman
2,600
260
1,130
33 ¥2
86 ¥4 May
110
50
Ohio
coigate-Falmolive-Peet
27%
35%
&
280
2,100
26%
31
Clinch
1,300
26%
26
2
20% Apr
_8
Mills
Capital Administration
$3 preferred A-
*
36
106
'
*30 ¥2
3,000
2,300
20
900
26
26
24
14 ¥4 May 14
47 ¥2 Jan
100
-City Stores
5
600
Clark Equipment
No par
a C. C. & St. Louis Ry. Co
.100
10.
5% preferred.
100
310 "
Clev El Blum $4.50 pfd—.—No par
1,900
Clev Graph Bronze Co (The)
1
5% preferred
100
Clev & Pitts RR Co 7% gtd
50
—
133%
*1000
35%
36
43%
24
16% Apr
2
18% Jan
—
149 %
*147
135 ¥2
*1000
106
*105
43%
149 ¥2
*147
137 ¥4
29 ¥2 Apr
125
10
,
r
110
*98%
38 ¥2
2
22
22 ¥2 Jan
—
54
54
54%,
*108 ¥t
*42 ¥2
Mar
74% Jan
3,900
58¥2
58
*186
105
196
*101
20
10¥a*Jan
par
;
city ice & Fuel—
City Investing Co
5 ¥2% preferred
40
101%
13%
13
133%
196
:
*186
129
Chesapeake & Ohio Ry
25
Chic & East 111 RR Co
No par
7,100/
Class A
:
—40
14,000
Chicago Great West RR Co——50
4,800
/
5% preferred
50
9,900
Chicago & Northwest'n w i__No par
5,900'
5% preferred wi
100
800
Chicago Mail Order Co
5
2,000
Chicago Pneumat Tool
No par
100
$3 conv preferred
No par
230
Pr pf ($2.50) cum div
No par
300/
Chicago Yellow Cab—
No par
100
Chickasha Cotton Oil
—10
2,600
tChilds Co
No par
50*
Chile Copper Co
25
19,000
Chrysler Corp
.
5
1,000
300
21%
403/8
r
1013/4
13%
17¥2
6%
113
40 Vs
*12%
17%
*34
113%
21%
'
553/4
17¥4
6¥2
6%
34
111%
*101
Dec
14
Jan
—
Chesapeake Corp of Va
—
52
173/4
♦
17%
6%
34
29 ¥2
55
18 ¥4
*17%
63/4
33%
25%
Jan
15,200
2,000
26 ¥4
26
26
*50%
Jan
8¥a
Zinc
Checker Cab Mfg
400
15%
18%
/
220
50
114
49%
*15%
18
17 ¥4
Feb
Jan
10
&
Certaln-teed Products
6% prior preferred
500'
—1,400
114
50
114%
49%
113%
*112 ¥2
*113
112%
49
'
23¥2
34¥a
*15 ¥4
112 ¥4
115
•
25
12% Mar 27
120
No par
(new)
1
Cerro de Pasco Copper
13%
34
152%
23% Jan
par
55 ¥4 Apr
17
"
3,000
300
•
11 ¥a
153 %
Dec
No par
tCent RR of New Jersey
Central Violeta Sugar Co
Century Ribbon Mills
3,600
34 ¥a
*13%
49 ¥4
Central Foundry Co
1
Central 111 Lt 4¥a% preferred—100
2,400
,
113
113
114
11
14
Jan
1
Central Aguirre Assoc
16,600
34
11 ¥8
July
39%
No
Celotex Corp
7,500
20%
223/4
5%
*13%
13%
49
17¥4
12 ¥4
34 ¥2
112 ¥4
70
113%
27%
Oct
22 ¥4
50
No par
5%
27%
53 ¥2
Jan
8
No par
12%
28 ¥2
Jan
Jan
47
49% Jan
No par
No par
preferred—
Copper
Oct
45
Celanese Corp of Amer
$4.75 1st preferred
7 % 2d preferred
22%
*5%
12% July
44% Aug
50
July
Jan
Caterpillar Tractor
*112%
*27%
20
145
144
.
173/4
113
53
Jan
Jan
14%
400
5%
13
Feb
27
40 ¥4
3,600
112%
12%
40%
8%
12
39
6,100
20%
¥2
Apr
13
Apr 30
43% May 7
,
24
32¥a May' 7
49 ¥2
5%
;■
12%
13%
Z
7,800
112%
5%
114
*12%
*34 ¥s
145
17%
17%
17
*105
105%
*143 ¥2
51
15
Oct
2
58
49 ¥4
49%
105%
21% Aug
Jan
1063/4
57
58 ¥4
49
49
1,900
6 ¥2
43
168%
*167
22%
20
22%
57%
08
145
6 %
42%
43%
168 ¥2
105%
145
17%
16%
20%
v
23
57 ¥2
58
48
6%
43
*167
43%
169
36 ¥2
*6%
6 ¥2
43
170
Jan
40 ¥4 Mar 27
5
Carpenter
5,300
72
43
45
12%
21
100
Steel Co
Carrier Corp
4¥2% preferred
Carriers & General Corp
Case (J I) Co
Preferred
36
28%
70%
6%
Jan
May 18
1
5
No
300
36%
27%
44
Jan
37 ¥a
Mar
41% July
7 ¥4 July
NO par
Co__
Carolina
36%
*35%
3%
8
22 ¥2
37% Mar 27
No par
-
Cannon
20,
71
36
Jan
Dec
9
x50
9
10% Mar 27
Oct
34%
Jan
-No par
880
28%
47%
*153 ¥4
130
36 ¥2
x57%
11
2,700 r
55
130
27%
48 ¥4
5%
13
13
*54
*69%
57%'
*112%
1,000
13
130 ¥4
50
50%'
56
,
¥4
47
,15
par
-
38,700
70 ¥4
37
47%
22%
130
•
28 ¥4
56
*144
13
*54
130 ¥2
130 ¥2
130 ¥2
13%
55
55
55
*54
130 ¥2
*12 ¥2
12 ¥2
12%
55
*54
130
28 V*
■¥:70>:V.
*
1,800
80
50 ¥2
14 ¥4
130
17% Mar
No par
No
California Packing
5% preferred
5,800
•
116
50 ¥2
*54
7% Jan
Callahan Zinc-Lead
—1
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy
No par
Canada Dry Ginger Ale
—5
$4.25 preferred
—No par
Canada Southern Ry Co
100
Canadian Pacific Ry
——25
2,000 '
14 ¥e
*49
5
24
4,600
-
6%
23%
*49
5 ¥4 Apr
42 ¥4 Jart
2,100
—'
1%
34 ¥2
:
•
55¥2
l¥a
6%
117
(assented)_190
Bearing Co
5
Dec
34 ¥a
2IV2 Jan
1%
23%
>■.
8
May .12
No
32%
*55
56
1%
44% May
20
32 ¥2
*55
1%
3 8 ¥2
5
21
18
32%
32 3/4
55%
1%
117
May 18
28
31%
31%
Sep
Sep
109 % May
28% Jan
134
26% Feb
31%
*55
48
101 ¥2 Feb
32%
1%
55 ¥4
Jan
22
900
55 ¥2
Jan
33 ¥2
2
Wheel—
4¥2%
2,200
170
26¥2
1%
Apr
46 ¥2
Apr
22
93¥2
*25%
*55
88 ¥2
99
Jan
93%
26¥4
1%
Jun
12
52 %
98
Jan
93¥2
26
56
19% Nov
Jan
92
93¥4
26%
1%
Jun
45
15
93¥»
26%
32
12%
8
'
36 ¥2 Apr
-2.50
Oct
9
61% Mar
:
5
-
114
Dec
57¥2 May , 8
55% May 18
19
Feb
Dec
20
22 ¥4 Mar 26
92%
26
*55
95
20% Jan
24
2
52 ¥2 Apr
3
43% Mar 27
1
».100
Oct
22 ¥2
No par
100
18%¥
92%
26
1%
49 ¥2 Jan
Jan
Dec
109
No par
18%
92%
26%
56
17¥4 Apr
-
4
5
130
14 ¥4 Mar
May; 5
Byron Jackson Co
17%
93
32
5
-
-
66% July
Feb
93 ¥2 Mar
22 ¥s Mar
111
Byers Co (A M)
Participating preferred
17%
26%
1%
23% Mar
20 ¥4 Jan 26
18 ¥2 Jan 23
xl08¥2 Mar 26
;
Butte
92%
*54 ¥2
Jan
par
800
17%
*31 ¥2
16
pur
3,300
26
X18
22
25% Aug
15
Dec
Butler Bros
5,300
93%
18
Jan
13 ¥s Jan
16¥2
7%
3%
17%
18
2
108¥2
9314
17%
Jan
3%
3%
26
17%
51 ¥2
23
-
280
19 ¥4
19
Feb
*107¥2
108
3%
Jan
115%
37¥4
Burlington Mills Corp
5% preferred
—100
Burroughs Adding Mach
No par
Bush Terminal
1
6% preferred
100
Bush Term Bldg 7% preferred—100
—
80
63¥4
19
110%
*110
56 ¥4
61% May
27% Mar
15% Feb
—10
Buffalo Forge Co
Bullard Co
Bulova Watch-.
1,000
23%
¥
Budd
4,000
58%
81% May
145 ¥4 May
.-100
preferred
Budd (E G) Mfg___
$5 preferred
2,000'
-
Jan
2
7%
13,400
-
;
July
Jan
2
Corp
Brown Shoe CO—.
1,600
16 ¥4
Jan
20 ¥4
22
3
Bridgeport Brass Co
Briggs Manufacturing—
Briggs & Stratton
Bristol-Myers "Co
Brooklyn Union Gas—
52,700
27
56 ¥2
15%
Jan
Jari
Bucyrus-Erle
13%
125¥2
53% Nov
7
8
May10
17
No par
—No par
Bruns-Balke-Collender_
14%
*125
Dec
33 ¥2 Jan
160
13%
125¥2
20%
23
-
—
1,000
14
*125
125
Jan
Jan
-
5,800
;•
13%
125
17
May
56
May
x26 ¥2 May
19 ¥2 May
No' par
—.
15%
*124%
5
4
7
545/a Feb
„_5
125¥2
15%
125
25
Jan
Braniff Airways Inc.—
Brewing Corp. of America
400
29%
-
Dec
12
July
48
(The)-—
Roller
Bower
100
...
12%
42%
49%
23¥a
Boston & Maine RR
200
12%
Jan
Jan
127
-No
Inc—:
preferred
Borg-Warner
20,700-
*12414
125
4%%
Borden Co
*1,000""
7
15%
33 ¥2
,_10Q
-
7,500
41%
.
27%
15%
6%
6
29%
*43%
•54
t.
Apr
1
No
4,300
-
10%
55% Mar
13
No par
Col.
Stores
Highest
I per share
Jan
2
Blaw-Knox
Class B
10¥a
6
65
Bond
15
15
1944
May 18
18% May 16
No par
—
Bon Ami Co class A
4,100
$ per share
19% Jarl
—1
Boeing Airplane Co„.
—•
Bohn Aluminum & Brass-
900
.
$ per share
12% May
1
—
Blumenthal & Co preferred
35,300
r
—
—:
Blobmingdale Brothers—
230
120
38%
*47%
;
Year
Lowest
47% Jar*
i
Bliss & Laughlin Inc.
.—
55%
*95%
•
9U0
112
(new)
Best Foods
.
5,400
'
12 Vs Jan
(Del)
7% preferred
Blgelow-Sanf Carp IncBlack & Decker llfg Co.-
700
26
No par
Bethlehem Steel
500
■700
14%
*110 %
;
.10,900 1
142%
59%
*58
Best & Co
8,800
-
$ per share
8
No'par
Pr pfd $2.50 div series '38_No per
*
56
21%
14%
*21%
*55%
*58V2
'
<'/
56
77%
141
142
57
26
57
*25%
77%
142
142
*56%
*55%
t
18%
*142
Belding-Hemlnway
Bell Aircraft Corp
Bendix . Aviation.,.
.—Beneficial IndUs Loan
57,700
51%
24%
56
Par
3,800
24%
*
Range Since January 1
Highest
Lowest
Shares
50%
t
Range for Previous
Friday
$ per share
14
24
¥3
RECORD
PRICES
Monday
Saturday
May 12
13%
SALE
HIGH
223!
1
27
54% May 14
110
37%
Nov
Apr
115 ¥2
45 ¥4
16
106
Mar
109
Apr
12
92
Jun
96
57% Apr
30
52% Mar
40% Mar
6
44 ¥2 Apr
27
307a May
34 ¥2 Apr
99
150
Jan
141
May
30
145
Feb
5
111
Feb
65
Jan 22
is¥4
May
59% July
537a
Jan
Jun.
Jan,
Aug
Oct
38 ¥2 Mar
39 ¥2 July
152
July
146 ¥2 July;
67 V2 Jun
—
31¥a Feb
l04¥4May
343/a Jan
2
8
2
111
Jan 29
233/8 Jan 23
108% Feb
43 ¥2
"7
19
May 18
Jan
33 ¥a
DSC
103% Mar
108 ¥2
Jun
23%
25%
Apr
38
Sep
116
Deo
Jan
9
109%
Feb
29 ¥2 Mar
6
143/4
Apr
26 ¥4
Deo
115
Jan
2
36% Apr
Jan
29 ¥2
Deo
2
2
25
35% Jan 11
11%
28¥4Jan
25% Jan
12%
Jan
30
Dec'
33
13
Jan
27 %
Deo
28
Jan
11
i
THE COMMERCIAL
2232
Monday, May 21, 1945
CHRONICLE
& FINANCIAL
RECORD
NEW YORK STOCK
■
'
Tuesday
S per
*36%
37
36%
37
*36%
6
5%
I
share
per
363/4
37%
X36%
37%
*36%
'
37%
37%
37%
*37%
38%"
6
5%
./
6
5%
;
99%
99%
99%
100
*99%
92%
93
*92%
94
*92%
105
106
*102%
105
22
*21%
22
49%
*49%
49%
*21%
49%
106 %
109
*106%
47%
49
47%
47%
16%
16%
16%
1
1
700
a31%
31%
31
31
31
31%
33%
33%
333/4
333/4
34
303/4
34
*104
104%
*104
104%
4%
4
4%
4
4%
4
29%
29%
29"%
29%
29%
295/a
29%
29%
108 %
108%
108%
108%
108%
108%
108 3/a
108%
4%
4%
*43/4
'
37
37%
36
36 3/8
22%
22%
21%
28%
X27%
28
23
700
30%
30
30%
12
11%
11%
2,300
22
*27%
36
36%
353/4
213/4
22%
21%
22%
1,400
28
27%
27%
28
28
20%
20
20%
20%
213/4
21%
22%
12,100
23%
*23
233/a
233/a
24
233/4
24%
4,100
*52
53
523/4
53
53
200
28
'
*52%
53
1123%
111%
112
*52%
1103/4
111
111
27%
27%
28
28
28%
28%
29
3,600
Container
27%
10
10%
10%
10%
10%
10%
10%
IO3/8
6,900
Continental Baking Co
10%
110%
*110%
46%
*110%
46
46%
47
453/4
46%
45%
46%
*107%
108
IO73/4
1073/4
107%
1073/4
*107%
108
*110%
1103/s
110%
1103/8
110%
110%
110%
46
46 3/a
200
46%
5,700
107%
♦109
110 %
46
*1073/8
111
110%
500
107%
107%
12%
11%
12
11%
113/4
11%
113/4
12
11%
56
55
55%
*54%
55
55
55
55
55
55
55
30%
10%
10%
10%
10%
103/a
103/8
10%
10%
103/4
10%
10%
32%
33%
33%
33%
33%
34%
34
12%
*33
34%
19%
*33
34%
*32%
*19
11%
19%
33%
34%
19%
19%
*33%
33%
*50
*50%
50 3/4
503/4
50 3%
15%
153/a
15%
15%
15%
*51% -51%
*50%
51%
*51%
20%
20%
21
51
153/4
15%
16
513%
*51%
11,800
100
Continental
10,700
16%
51%
30
18%
18%
18%
183/4
18%
183/4
18%
18%
18%
19%
19
193/s
4,000
56
56%
56 %
56%
563/4
56%
56%
57
57
57
57%
910
56
67%.
67%
67 %
2,800
67
67%
67%
51%
663/4
673/a
*192%
193
193
503/4
193%
*193
67
67%
7%
7%
7%
7%
7%
*7 %
4%
4%
43/a
43/8
43/4
32%
32%
32%
33 %
33
107%
108%
108%
108
108 %
36%
43
*49%
1C3%
233/e
104
*95%
'28
29%
'.'29%
145 %
293/4
30
*30%
30%
*106
34
12%
13
133
65
633/4
6
5%
19%
19%
16%
*
5%
193/8
*123
128
*120
29
29
*120
128
29
19
29
V
29
16%
163/4
*145%
150
24%
243/a
24%
103 %
103%
103%
43%
44%
30%
293/4
31
106
35
97
27%
28
35
12%
133/8
131%
131.3/4
*131%
*64
633/4
65
63%
6
5%
:.
19%
19%
13%
'
64
5%
128
*120
29
14%"
13%
13%
Dec
27
31
Dec
104% Mar 10
95%
Jun
103
Dec
3%
Feb
21%
Feb
25%
Jan
2
101
3% Mar 23
Apr
4% Jan
3
30 % May
2
102%
Jan
108%
Oct
24
6% Feb
2%
Jan
6 %
Jun
Jan
16
32% Feb
16%
Jan
30 % Nov
7%
Jan
13% July
28
17% Jan
24
No par
100
25
25% Jan
2
6
24
3/i
Oct
Mar
1
11%
Jan
20 %
Dec
28% May
5
18%
Jan
25%
Dec
18% Mar 26
25% Jan
8
12
Aug
24
Dec
18% Jan
20
Jun
24
Jan
31
24% May 18
53% Jan 11
14%
50
45
Jan
53%
108% Jan
24
26% Apr
V6
Jan
5
7.
8%
109% Apr
23
Feb
115
23
30% Jan
17
9
47% May
37% Jan
2
30
108
6
3
13
32
29%
Feb
7%
32%
5
112% Aug
May
43%
Feb
10
Dec
Mar
10
Oct
105% May
May 4
Feb 14
Dec
Dec
Nov
112
Jan
20
25
Feb
Jan
102%
9
111% Apr
114
107% Apr
10% Apr
Jun
13% Mar
May
41%
Jun
49%
Dec
8% Jan
2
12% Mar
1
5%
Jan
9%
Dec
Jan
24
36
Mar
1
26%
Sep
33%
Jan
29% Jan
2
37
Mar
7
24 %
Apr
31%
Dec
Jan
2
21% Apr 28
12% Aug
47% Feb
5
51
38%
12% Jan
2
Jan
16
16% May 18
51% May 9
22% Jan 12
47
15%
Jan
58% Jan
17
44'%
Jan
68% May 10
52%
Apr
173%
Apr
184% July
5
Jan
7% July
Jan
46
10
1
30%
5
;
Oct
108% Apr
4% Apr
1
.
4% July
16
49%
:
58
17% Mar 26
52% Mar 27
58% Jan
2
Xl82% Jan
4
:v
8
May
8
195% Apr
Jan
1
3% Jan
2
.-25
—100
2
25% Jan
7% May 17
4% Feb
1
2
5
Jan
:
1%
57
Dec
61%
Oct
5
Jan
Feb
104%
13% July
July
25% July
52
Mar
18 3/4
Jan
33% May
Dec
48
Feb
10%
3
19% July
Aug
273/4
Jun
111
Oct
20
Jan
No par
28% Mar 26
38% Feb
163/4
Jan
No par
37
Jan
6
46% Mar
273/4
Feb
47
Jan
18
51% Mar
45
Jan
49% Aug
24% May 18
15%
Feb
22%
97/s
Jan
28
Jan
37% Nov
69
Jan
89%
Dec
Dec
(The)
107
24
preferred
20% Jan 22
102% May 10
Jan
110
Feb
105
39
35% Jan
2
100
87% Jan
2
101% Mar
100
10
25% Mar 27
30% Jan
20%
Jan
Dec
19% Jan
11%
Feb
19%
145% Jan
23
145% Jan
257/s Jan
2
29% Apr
10
Dec
29%
Mar 26
preferred—
preferred
Sugar
16
preferred
Packing Co
—No par
(The)
Aug
105
No par
Steel of Amer
106
Apr
Jan
28
77
18
31
9 7 Mar 26
47% Mar
25% July
.32
Dec
Mar
19
33
38
Jan
101
Dec
Dec
29% Mar
Jan
22%
6
108% Jan
223/4
:
144
Jan
112
23
32% Mar 15
■
30%
Dec
109% Nov
Jan
May 18
13% May
11% Aug
5% Aug
7
May
4
97
41
Apr/'
6% Jan
1
3
4%
Jun
2
21% Mar
7
143/4
Jun
Mar
7
123% Feb
21
25% Apr
6
140
Apr
66% May
139
July
No par
No par
Curtiss-Wrlght
1
Class A,/—
1
Cushman's Sons Inc 7% pfd
100
35,800
9,400
122% Apr
6
59% Jan
16
5% Jan
22
18% Jan
—No par
—8
12% Jan
12
14% Feb
28
-25
23% Jan
12
16% Jan
8
25% Apr
19% Feb
19
(The)_ —1
8
13/a
Jun
16%
Oct
112% Feb
16
109%
Dec
113%
Apr
preferred
preferred
Cutler-Hammer Inc
1,700
30
29%
Jan
36
Prior
128
29%
29%
Jan
20%
2
29% Nov
28% Mar
$7
900
193/4
Dec
21%
26% Mar 31
37% Apr
preferred-
Curtis Pub Co
130
64%
•/ 6 7"-
*121
128
29
133
193/a
193/8
19%
28%
*120
V 64
5%
6
19%
29
128
1,800
28,200
13%
12%
132
12%
26
29% Jan
100
30
Cuneo Press Inc
5
4%ft preferred
100
Cunningham Drug Stores Inc__2.50
140
38
36
36
36
131
12%'
133
Feb
_
2
Cudahy
1,200
107
8%
14% Mar
100
Cuban-American
1,900
31%
30
31%
7
5
32% May
33% May
Jan
2
7%
30
24% Jan
3
Cuba RR 6%
150
106
107
12
79
8
Mar
5%
12,300
18%
18
*145%
303/4
303/4
*106
Jan
8
31 % May.
11% May 18
Del
of
of Wheat Corp
Crucible
760
30%
30%
31
106
35
95
18
22
105% May
No par
Crown Zellerbach Corp_____—
3
$5 conv preferred
No par
7,000
28
150
30%
31
;i
95%
17%
Dec
Motors
Oil
conv
$2.25
300
700
*145%
July
5
Crosley Corp (The)
Crown Cork Si Seal
7,100
17 %
1 %
95%
2
Jan
5%
300
433/8
27%,
Feb
24
Jan
31% Jan
Co—
Cream
1,000
49
150
107
Crane
4,200
42%
273/4
35
19%
36%
49
T':' 43%
95%
96
27%
135
*633/4
6
5%
96
28
107
135
64%
64
96
273/4
17%
12%
13
136
353/4
423/4
103%
433/4
%
2
Jan
U
-
Coty Internat Corp
800
35%
103% >
96
150
27%
7:
23%
43%
145 %
/ *34
34%
34%
'*..12%
*134
233/4
103%
17
1
Jan
89
7.28%
77
7
6
220
273/4
43
*49
24
28
*106
107
233/4
1033/4
333/a
108%
49%
353/4
42%
96
30,
30%
.
31
-*30%
*106
*
150
49%
35%
423/4
28
16%
17%
17
*145%
f
43%
96
;..
43
*49
43
43%
97
*27%
*42%
49%
23%
104
43%
43
35%
43
103%
24
*103%
23%
i 23%
36
491/4
493/a
*49%
'
35%
36%
423/4
50
6,400
13,600
108%
27%
27%
27%
273/e
*42%
36
36%
43
27%
273/e
4%
% Apr
par
par
3,400
4%
Jun
Preferred
30
7%
33
333/a
1073/4
193%
7%
*193
4%
32%
27%
51%
73/8
1073/4
*27
27%
*42%
4%
•
V
194
31%
107
*27
43/4
■
193%
107%
32%
32
107
7%
;4%
7%
*4%
67%
67%
*193
7%
193%
193%
513/4
18%
Corp———No par
Cooper-Bessemer Corp
No par
$3 prior preferred
No par
Copperweld Steel Co
5
Conv pref 5%
series-.
-—50
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co.——,.20
Corn Products Refining
25
210
V
50% July
Apr
Continental Steel
4,100
:.51v
15.3/4
v
Continental
20%
51
Feb
14%
Fibre
Continental Insurance—.
600
35
20%
50%
Continental Diamond
28,700
343/4
34%
34%
50%
19%
19%
14%
14%
35%
'
50%
*50
34%
*33%
35
Inc
Can
Oct
40%
16
100
20
—No par
preferred
8%
$3.75 preferred
2,200
11%
*55
.
Continental
Jun
24
20
No par
Corp of America
Dec
43%
18% Feb
15
pfd
49%
108
Feb
105
50% Apr
pfd—No par
$4.50
28
110%
21
50
10%
•
108 % Apr
2
Gas
27%
*112
'
10%
\
Pow
Jan
106% May 17
J
Jan
15% Mar 26
preferred
Consumers
Apr
No par
3
Consolidation Coal Co
$2.50
16%
1
pfd
Cuba 6%
Dec
37%
Xl06% Mar 28
10%
28
28
.
conv
Dec
23
39%
No par
380
111%
111%
•*
$1.25
Consol RR of
Feb
98%
42% Jan
Consolidated Vultee Aircraft
'
93
Feb
19
24% Jan
Natural
Consolidated
5,500
19,500
37
3/a
37
21%
Feb
84
par
Consol
1,400
11%
70
50
No par
$2 partlc preferred
Consol Laundries Corp
May 18
11
15
Jan
Dec
76
Apr
45% Apr
Jan
Y
N
of
97%
Jan
May 18
94
No par
No par
No par
5
$5 preferred
Film Industries
800
5
*4%
30
36%
52%
52%
53
4%
108%
108%
Edison
Consol
Dec
5% Mar
105% May 2
25% Feb 10
Corp
Consol Coppermines
3,700
17,000
30
22%
20%
23%
12
36%
28
20%
23%
23%
*51%
,
20
20
23%
12%
36
213%
22
*27%
30
12
12%
30
108 3/a
4%
43/4
4
30
4
29%
Dec
35%
3% Nov
2
No par
preferred
$4.75
35%
Jan
par
23
Consolidated Cigar
130
9
39
100
Edison Co
Congoleum-Nalrn Inc
1,800
12%
*29%
29%
29%
43/4
4%
35%
104 %
4
x4
4%
35
104
35
104%
♦104
104
104
4
34%
27
47% Jan 24
Conde Nast Pub Inc
1,800
Jan
Jan
25%
102
21
10
conv
Commonwealth
20,700
30%
29%
2,200
31%
30%
Xl2%
39,700
102%
102%
103
-
1%
1
1%
1
102%
30%
30%
12%
6,700
31
*303/4
29%
17%
30%
31
12%
4,000
103/4
31%
31
29%
47%
17
16%
473/8
31
104%
19%
48
84
95% Jan
26%
6% May 18
27
No par
Credit
preferred
C IT Financial Corp———No
Commercial Solvents
No
Commonwealth ti Southern__No
$6 preferred series
No
4%ft
90% Jan
V
$ per share
$ per share
May 18
38
2
No par
preferred
$2.75
Commercial
100
107
*30%
30%
5
*105%
31
30%
*4%
2,800
100
100
Pictures
Columbia
300
443/8
31%
31
*104
29%
493/4
30%
33%
*108
23J/8
493/4
43%
■
106%
47%
102%
31
30%
*32%
106%
T 1%
102
30%
30%
44
31 %
31
31%
31
31%
31
17 .///
1V$
101%
101 %
2,3UU
22%
493/4
23
223/s
*49%
♦106% 109
47%
473/4
16%
17
'
47%
1
1%
102
101%
44
109
16%
17
1
1%
102%
102%
*49%
44
♦106 %
109
47%
493/4
4% Jan
No par
Co
Carbon
Columbian
100
44
22 %
493/4
44%
22
21%
43
43%
43%
43%
43%
21%
5ft
90
1073/4
*105
2.50
preferred series A
preferred
6%
2,o00
94
94
94
107%
*105
105
105
*49%
*92%
102
100%
100%
100
94
*102%
6
-
100
93
*103
5%
6
■
Highest
38% May 18
26
Mar
Mar 27
No par
'
1944
Lowest
t per share
share
31
31
B
Class
t per
A—„2.50
OoiuwDla Gas & Elec
-99,300
6%
7,Year
Range Since January 1
Highest
Par
400
38
5%
Range for Previoms
.
Lowest
Br'd Byn Inc cl
Columbia
2,0^0
38%
38
>.
•
■.<
STOCK
EXCHANGE
Shares
8 per share
37%
99%
99%
*92%
May 18
May 17
t per share
share
363/4
37%
5%
per
the Week
37%
36%
*36%
*
f
share
May 16
-
May 15
May 14
May 12
I per share
Sales
YORK
NEW
for
Friday
Thursday
r
STOCKS
.
AND HIGH
LOW
Monday
Sr.torday
SALE PRICES
Wednesday
120
30% May
1143/4 May
61%
/
Dec
73/4 Nov
19% Nov
127
Nov
21%
Apr
28%
6%
7
Jan
13% )Nov
Dec
D
;
"
*13%
*24
14%
*24
:25%
"17% ,.18
*111
*13%
14%
25%
17%
V
••••
;*24
17%
17%
112
•111
112%
*13%
*111
44%
*43%
45%
*43%;
44%
25%
*24
17% .*•(
••
112
17%
*111
*13%
14%
*13%
«24
25/a
*24
173/4
'*110%
17%
,v
f Ltr,
25%
17%
::
112
'
43
433/4
*42%
45/4
44%
45%
45%
45
*36 %
36%
36%
36%
36%
36%
36%
363/4
*24%
25
24%
24%
24
24%
24%
24%
47%
5
363/4
243/4
•
*
36%
25
473/4
483/4
11
11%
10%
11%
10%
10%
10%
11
10%
11%
10%
22%
22%
22%
22%
22/4
22
22%
22%
22%
22%
22 3/a
47%
47%
47
♦67%
72
*67%
47%
72
*67%
47%
47%
*67%
72
48%
*673/4
72
•
44
38
44
37%
42%
43
43%
44%
x44
37%
*42 %
38
*42%
37%
37%
37%
37/b
37
42
41%
41%
42
25%
24%
25%
24%
24%
24%
52
52%
53
52 %
52%
53
53
*105
*41%
42
107%
24
%
24%
25
48%
*48
40%
*48
105
105
105
24%
24%
*48
23
22%
*105
105
25%
25
*48
48%
23%
23%
*673/4
& Hudson
Delaware
37%
350
37%
;
25
9
Match
Diamond
80O
partlc
6ft
Diamond T Motor Car Co
Distil
48%
48%
48%
48
23%
2234
23%
23
48
%
Class
70
23%
.100
105
22% Jan
2
25%
25%
25%
25%
253/b
25%
25%
24%
25
6,900
Dome
80
81%
79%
81
79%
81 %
79%
80%
80
81
4,600
Douglas Aircraft
No
par
Dow Chemical Co
No
par
114
114
114
114
,
*113%
15%
15%
15 %
29%
16'
*23%
24%
23%
23%
166
*127%
28%
28%
28%
168
166VB
128%
*115%
138
114
*113
28%
15%
*15%
23%
24
5,900
*15%
153/4
1,500
233/4
400
*127%
115/8
-
167%
167
127%
128%
116%"
115%
167%
1663/4
168
167
168%
127%
128
128
128
128
116
>
115
16 3/4
17
16%
16%
16%
16%
16%
593/8
613/4
60%
62%
61%
62%
61
*192
23%
196
23%
*23%
180
179
*192
:
28%
.
*
59
<
179%
194
196
23%
237/a
180
*178
*194
194
24%
24
179
179
196
198
116
116
196
*193
198
A
•
56%
56%
56%
571/4
571/4
58
58%
583/4
58
59
303/8
30%
29%
29%
30
30
293/4
29%
30
30
90O
a%
8%
8%
8%
50 3/4
503/4
493/4
503/4
49%
50
15%
15%
15
153/s
15%
16%
63/4
7%
8%
,
6%
8%
8%
9%
9%
91/8
9%
93/a
501%
50%
50%
50%
3,200
16%
507/s
16%
50%
16%
r
1
17
16%
163/4
19,500
*
2,400
6%
7%
6%
7
71/8
7%
9,400
6%
63/4
6%
63/4
6%
6%
6%
6%
6%
6%
6%
6%
7,600
125%
125%
125%
125%
1253/i
125%
1251%
117
*116
*115
.'38
118
48 3/a
49%
38
*37%
6%
*115
49
47%
38
*36%
25%
25%
24
25
223/4
23
23
23%
*223/4
65
65
66
*64%
*106
1063/4
*64%
*106
1063/4
23%
223/4
'103% 1033/4
*103%
22%
TOT
104
24%
♦103
001/
23%
1033/4
103 %
104
.
104
104%
104%
1%
13/4
118
48%
1%
•For
footnotes
see
page
2239.
13/
-4
1
46%
125%,
123
47%
~
124%
122%
125
115
117
115
114
116
45%
46%
44%
""
45%
-'40
1,600
300
5,100
38
38
37%
38
25
24%
25
24%
25
24®/a
25%
5,400
233/8
23
23
23
23
22%
22%
1,600
66
65%
65%
66
66
*65
67%
106
106
*106
106%
60
24%
18,200
1061/2
23 /a
103%
'10*
°
*114
37%
104%
13/4
6%
1 /b
106
22%
.103%
106
23%
23
23%
*38
233^
500
400
"
Nemours
(E I)
1st pfd
4ft preferred
104
104
104
310
$5 preferred
104
104
104%
260
1%
*104% 105
1%
1%
140
44,200
$6 preferred
tEquitable
Dec
42
Sep
Office
—.——
38% Mar
13%
5
X273/4
May
26% Feb
82% May
4
May
25
117
No pat
No par
No par
22
22
26
22
6
22
15
8% May 3
42% Jan 20
14
Jan 20
5% Mar 9
3% Jan
109
Jan
2
3
103
3
17% Maf
25
,
3
4
100% Jan
5
102
5
104
Jan
Feb
113
Aug
Apr
11%
196
1
l%Apr 11
14%
Nov
Feb
20%
Dec
Feb
162%
Jun
123%
Jun
128%
Dec
113
Dec
1203/4
Jan
10%
7
33
6%
May 17
Feb
Apr
Jan
14% July
41
Dec
25%
Dec
30
157
Feb
179
May 17
175
Jan
195
Sep
41
Jan
183% Apr
*
Dec
Dec
Dec
15%
Sep
Jan
45% Aug
15% Dec
7
May
9
1
16% May
8%
7
37%
10
Apr
52% May
17 % Apr
28
7% May 11
7% May
9
129
May
4
121
Apr 25
May
3%
£>ec
52
May
31
12% Mar
-
24%
61
34% Mar 21
22% Jan 9
2Q%Mar27
62
Mar 26
Jan
Jan
Jan
~8%
62% May 18
50% Feb
16
Nov
131
137
Mar
40
104% Jan
July
72%
Apr
1'06 3/4
Feb
44% Mar 26
50
273/8
May
Sep
1143/4
Jan
6
.1
Nov
47
9
16% May
113% Jan
Jan
49
30
'
129
_
20 3/4
Jan
21% May
23
30% Apr
143
9
Jan
Jan
Jan
Jan
185
Jan
49
Jan
21% Jan
Dec
Jan
24% May
2
13
39%
18%
174
17% July
Dec
36%
105
Apr
15%
Feb
114% Jan
Mar 21
155
Feb
Oct
433/4
25% May
49
Jan
Dec
95
Mar
109
Jan
No par
Bldg
56
125% Jan
-=^===^=,—1(10
$5% preferred
104 ^
35%
par
—10
Endicott Johnson Corp
103%
1%
Oct
28%
Jun
100
No
Engineers Public Service
*103%
104
41%
172% May
$6 preferred
No par
Electric Storage Battery
No par
El Paso Natural Gas
3
Emerson Electric Mfg Co___
-4
Emerson Radio & Phonograph
5
103%
1'8
Jan
6
12
& Co— -20
Co
103% 103%
104,, 1041/2
1%
29%
2
Apr
20% Jan
par
lno—_
1
Eastern Stainless Steel Corp
5
Eastman Kodak Co
No par
6ft cum preferred
100
Eaton Manufacturing Co
4
Edison Bros Stores Inc
2
Elastic Stop Nut Co
1
Electric Auto-Lite (The)
5
Electric Boat
3
Elec & Mus Ind Am shares
Electric Power & Light
No par
$7 preferred
No par
1,600
29%
28
9
17
4
27
Eastern Airlines
70
573/4
de
Eagle-Picher
1,600
57%
P
preferred
Duquesne Light 5ft
3,900
8,100
2,600
-
No
Mar 26
110% Jan
par
.—1
International
$4.50
440
116
16%
17
61%
62%
25
25
178% 178%
16%
61%
25
180
Du
700
65
122% Jan
50c
(new)-..
Duplan Corp
4,000
2$%
6%
Industries
Dunhlll
*23%
29
28 3/8
No
preferred series A
153/4
163/4
23
$4
400
114%
24
58
179
1,200
15%
*;
1(1%
2i
17$
*113
114%
137 %
24
16
23%
137%
139%,
No par
Mines Ltd
Dresser
283/4
28%
29%
166%
116
140
15%
128%
113% 115%
'
138%
114
v
23 %
29
*
168
128
114
*
25
2
22%
140
Jan
Jan
25%
140
46% Feb
26% May
18
81%
.
65
2
par
25%
140
21^/4
Feb
3
—5
No
A
23%
140
Jan
52
31
Mar 20
81%
140
Jan
18%
4
43% Jan
17% Mar 26
23
14Q
5%
7
Jan
38% Jan
22
97/e Mar
8
23% Feb
4
47
25%
-
Jan
Oct
Dec
11% May
6
par
No
Co
Doehler-Jarvls Corp
4,900
16% Jan
38
par
preferred
Cup
33% Apr
40% Jan
—2
No
Ltd
Corp-Seagr's
5ft
24
37%
77/a Mar 29
-25
3,600
Dixie
22'3/4 July
Jan
23
3,100
1,000
Jan
17%
Jan
2,800
3,000
17%
19
36
54%
25
19
50% Apr
24
May
68
253/8
105
26 % Feb
34% Jan
31
423%
25
22% Mar 27
Jan
53%
105
Jun
36%
67
25%
.
Oct
45%
Apr
RR Co .100
No par
No par
*413/4
253/a
41%
Apr
2
53%
106
Jan
36%
'Jan
42%
25
21%
21
'25%
Oct
32%
35% Jan
-50
preferred
23%
5
48
—20
Raynolds A
19% Mar
47% May 5
38% Mar 26
39% Mar 29
.100
.—
25%
*105
105%
Jan
Lack & Western
Detroit Edison
6,200
Devoe &
37
33
par
-10
Delaware
4,700
22,700
44
—1
Deisel-Wemmer-Gllbert
Detroit Hillsdale & S W
43%
10
—20
71
44%
Jan
No
523/4
25
51%
72
47%
110
ft pfd
;
*41%
42
25
*41%
47%
Co
Preferred
&
Deere
1,000
1,300
11
22%
.100
Decca Records
500
8,000
25
;
Chemical Corp
Dayton Pow & Li 4%
Inc
..."
45%
36%
363/4
24%
44%
preferred
5%
Davison
4,100
18%
43%
*43
43%
44%
44%
45%
Davega Stores Corp.
200
253/s
112
•111
112
44%
45
*43%
'•/'
17%
:
14%
Jan
3% Nov
6%
Oct
5% July
81%
Apr
114
Dec
103%
Dec
78
Apr
16
39%
Apr
47% July
7
27%
Feb
34% Nov
15
Sep
22%
70% Jan
20
57%
68"%
Dec
Feb
26
101%
Jan
Jan
108%
Jun
3
8%
Jan
17%
Dec
29 % Jan
£5
107
Mar
24% May
18
Dec
6
104
Dec
Jan
23
89
Jan
105
Nov
106% Jan
11
92%
Jan
107
Dec
2% Jan
20
%
Apr
104
Apr 30
105
87
Jan
1%
Dec
.
Volume
Number 4387
161
THE COMMERCIAL
& FINANCIAL
NEW YORK STOCK
LOW
AND
HIGH
SALE
Monday
Tuesday
May 14
May 15
STOCKS
Wednesday
May 12
May 16
16%
16%
78
78
78%
92
*88%
*88%
141/4
t per snare
£ per share
16
14 »/2
i;'
16%
141/4
16
78%
14%
.: 17%
18%
17%
18 '
53%
53 y2
53%
*7
v
7'A
7
v'.'iv
16%
78'/2
14%
53%
t per snare
X78%
*88%
92
141/4
17%
53%
7
161/2
"M4%
17%
531%
,,:7
S
78%
92
78%
*88%
92
Thursday
share
79
$ per share
16%
80%
*88%
14%
16%
81
*88%
,■
14%
92
14%
NEW
YORK
Erie
32,500
1,500
RR
5%
Erie
■
14%
4,800
Pitts
Eureka
17%
18
2,500
Evans
55%
56%
5,400
Ex-Cell-O
6%
*6%
-7%
300
Exchange
.
RR
*54
55%
29%
*54
.
30
15%
54
/
29
.
54
'/A
53%
53%
53%
54
:
31
30%
32%
15%
14%
15
'29%
30%
30%
15
20%
15%
A14%
15%
'"1 14%
20
15%
20%
♦107
55
X29
20%
20%
20%
107'%
,
.
108 %
*107%
108
107%
37%
37%
36%
37
*36%
30%
30%
*30%
31
"■;>
~31
-.'■V
•
700
V
32%
20%
21%
21%
107%
107%
*105%
107
*105%
37
36%
37%
37
37
*36%
29%
29%
29%
29%
22
22%
Cleaner
Products
30
30%
29%
11%
12%
11%
12
12
12%
12%
12%
12
12%
11,600
34%
34%
34%
34
34
34
35
34%
35 %
35%
35%
3,200
105%
105%
104%
105%
106%
26 %
27
105
104%
27%
106%
106
106%
28%
*27
27%
*27
27%
*57%
58
*57%
58%
57%
57%
58
58
63%
63%
63
64
62%
62%
62%
*106%
107 %
*106
107
*106%
107%
*106 %
49
49
29
49
31%
106%
380
*27%
28%
800
Ferro
57%
57%
500
Fidel Phen Fire Ins N Y
62%
2,400
Firestone Tire & Rubber
1,300
First
preferred
Enamel
49
49
62%
62%
107
62%
*106%
49
48
47%
62%
107
107
*106%
47%
47
4%%
48
107%
47%
48
48
48%
48%
*47%
48%
47%
47%
*36%
36%
36%
36%
37
37
36%
36%
*36%
37
36%
36%
1,000
Florsneim Snoe class
*7%
7%
7%
7%
7%
7%
7%
8
8%
7,000
Follansbee
61%
61%
*19%
19%
/>
31%
.
A
108%
32
31%
108%
7%
60
61
19%
19%1 v.
60%
*19%
108
7%
61
32%
31%
72%
71
72
72
33%
33%
33%
19%
73
33%
33%
*26
26%
26%
*26%
32%
*14%
15%
*14%
31%
*140
147
*140
40
40
X38
-W
*117
39%
49%
49%
118
:
*140
146
.
*140
39%
48%
49%
118
us
15
146
39
.
*26 %
:
118
49%
.
60
32
19%
*107
8
61%
xl9%
62
19%
Flintknte
10,800
//-■,:
108
100
S4.50
400
63
Co
470
5%
Stove
19
19%
73%
73%
74
75
1,900
Food
35%
34%
34%
4,400
Foster-Wheeler
26%
26%
26'/a
*26%
26%
50
15%
16%
15%
16%
3,600
*140
40
40
49%
145
40%/.
X49%
118
A 7%
v;
145
40%
50
xll8%
118%
*141
119
40%
Freeport
50
49%
119
1,500
3,100
Fruehauf
119%
800
7%
1,400
4%%
7%
5%
7%
*7%
7%
7%
:-.<A
7%
5%
5%
5%
5%
5%
5%
17%
17%
17%
17%
17%
*15
15%
15
15%
14%
17%
14%
14%
*19%
20
19%
19 %
19%
19%
19%
7%
5%
17%
17
75 "
*72
*72
75
*74
80
8%
8%
29%
29%
61%
61%
*61%
A 14%
14%
14%
14%
14%
75
14%
*106%
8%
8%
8%
8%
14%
14%
14%
*14%
Sulphur
19%
19%
19%
19%
75
75
76
8%
9%
29%
29%
63
*62
63
62%
14%
143/s
14%
107%
107%
*106%
107%
*106%
53%
53%
53%
53%
53%
9%
9%
9%
9%
93/4
*173%
21
20%
*20%
7
*
175
*1733/4
63/4
7
Trailer
23
22%
125%
126
*126
127
*28
29
28%
29
171
*167%
171
41%
42%
42%
■-;*
42%
4
126%
42
42%
203/a
126
28%
171
*167%
4%
4%
4%
Jan
22
130
130
130
130
*129%
1293/4
69
130
129%
129%
*129%
130
// J
130
PR%
126%
*60%
60%
*60%
60%
*60%
60%
100
157/a
153/a
153/4
15%
15%
15%
153/4
15%
153/4
5,500
28
28
10%
28
10% ?
*108%
*2%
33%
33%
33%
33%
*128
133
7 24%
25%
243/4
22%
22%
7 22%
102
102 %
*28%
31
111
102
*
*108
111
28%
29%
28%
*108%
110%
*109%
111
15%
110
15%
153/a
15%
99%
31%
153/4
15%
94
273/4
27%
28
98%
983/4
983/4
99
99
99
99%
31%
30%
31
31
31%
31
31%
57
57
57
153
*152
4%
4%
154 %
*152
31%
56%
vv 4%
4%
*152
154
3,800
200
•
2,900
156
170
28
4,400
58%
59 Ys
59%
59%
59%
59%
103 %
*103%
103%
*103
1033/4
103%
103%
200
553/a
55%
56
56
56 3%
55%
56%
5,600
*107%
109
*108
103
x55%
55%
*108%
109%
*107%
109%
*16%
16%
16%
16%
55
*107%
16%
27%
109
47/a
173/a
5
5
24
24
243/4
*24%
24%
800
173/4
17%
17%
17%
18%
3,600
43%
43%
423/4
43
24
23%
23%
17%
*43%
43%
43%
44%
433/4
433/4
*43%
*23%
24%
*23%
24%
23%
23%
2^34
16%
16%
*170%
173%
*70
17
53%
53
533/8
29
29%
29
29%
*58%
26%
263/4
107%
*106%
107%
*106%
1077/,
36%
35%
363/a
35%
36 3/4
6%
6%
197%
196%
21%
75
20%
16%
4,800
523/4
18,000
29%
29%
5,500
*170 /
27%
21%
16 3/8
x52 %
293/a
59
583/4
26%
*6%
16%
543/a
29%
59
58
'
163/8
53%
*70
58%
*106%
16%
29%
79
26%
*6%
6%
196% V
21%
198%
,
213/a
172%
70
59%
171
171
*70
79
593/4
59
A
"170
*70
30
172%
59%
593/4
1,300
10,700
27%
27%
27%
27%
*]nciv JO 7V,
107%
107%
107%
107%
200
36%
37%
37%
37%
24,100
6%
6,500
27%
36%
63/8
6
199
6%
200
23
200
75%
74%
75%
75
53
533/i
523/4
53 %
53
6%
6%
201
201
63/4
"203%
,
23%
22%
2 3'/a
22%
75%
22%
74
54
36%
75
75%
*74%
53%
52%
53%
53
90
205
Apr
19%
Dec
7% July
22 %
Dec
124
Dec
29% July
140
Feb
3
35
Feb
40%
40
Nov
43% July
Mar
20
May
155
Dec
Dec
Jan
Jan
Sep
Dec
134%
Nov
66
7
51%
125%
Jan
130%
Oct
11
36%
Jan
56%
Nov
16
15% May 14
4%
Jan
13% July
23% Jun
Mar
30% Mar
Feb
18%
Apr
6%
6
Jan
11% Feb
19
Feb
14
3% Apr
17
1%
Apr
19%
Apr
108
3
106
Oct
July
11% Aug
107%
Nov
2% July
31%
Dec
37
6
127
Jan
26
5% Feb
14
3%
Nov
26% May 18
19%
Apr
25% July
24% Feb
24
Mar
27
14%
Jan
19%
Nov
3
74%
Sep
110%
Dec
24
22%
Jan
27
19
Jan
31%
Dec
19%
Feb"
26%
Dec
109% Jan
30
Apr
112
34% May 17
Mar
32% Feb
8
124
Nov
4%
Oct
Dec
12
111
2
Apr
109% May 16
17% Jan
15
95
Jan
Apr
Jan
16%
Dec
69
Jan
90 %
Dec
11%
29
100% May
7%
.
6
29
23
Jan
22%
Dec
2
2
32
May 10
18% Jan
25%
Dec
52% Jan
4
57
May 16
19
45
52
Aug
165% Jan
25% Feb
1
53% Jan 10
Feb
19
30
Apr 20
49% Mar 26
105% Mar
May 18
12% Mar 26
No par
1
112% Mar
5% Jan
4 /8 Jan
9
Jan
4% May
15
62% Apr
Apr
2%
4% Feb
3% Jan 2
151
May 10
100
10
:
3% Aug
25% Jan
—No par
Motors
M S & P
>?. 2% Feb
17
6
97% Mar 28
1
85%
12
Jan
175
Dec
40
54%
Jun
98
6"
"Feb
Jan
104 %
Nov
15
36%
Feb
51%
Dec
8
104%
Jan
112 %
Jun
19% May 17
8
Jan 15
8%
Jan
17%
Oct
x57% Feb
2
2
3
5% Jan
11
1%
Jan
3%
,
Jan
7
Aug
5% July
Grand Union Co
No par
18% Jan
No par
10
20
14% Jan 23
18% May
15% May
9% Feb
19 %
Granite
36% Jan 22
44 % May 14
32%
Jan
42%
Dec
24% Jan
10
23%
Jun
25%
Mar
1
14%
Dec
17%
Nov
Grant
5%
City Steel
(W T)
Co
preferred
Prop—No pdr
Great Northern Ry 6% pfd—No par "
Great Western Sugar
No par
Preferred
100
Great
Nor
Iron
100
1
Bay & West RR
Green (H L) Co Inc
No par
4%% preferred
———100
Grumman Aircraft Corp
1
Guantanamo 8ugar
No par
8% preferred
100
Greyhound Corp (The)
Gulf Mobile ft Ohio RR
22%
52,800
75%
4,100
*5
53%
6,700
Gulf
preferred
Oil
-
No par
No par
25
Corp
24% May 17
23% May 15
Ore
Green
79
273/a
75%
-
700
53%
172
26
1,400
16%
*70
58%
*23%
53%
171
173%
*70
?•*%
29
:
79
*170%
79
44
Jan
25%
70% May
21
50
Hosiery
Consol
Granby
81%
Nov
60% May 15
108
Graham-Paige
s
Jan
130
102
1,700
.
Jan
4% Apr
13% Mar 27 "
90
Mar 9
——No par
$5 preferred
13,400
24
53%
1
107% Apr 27
Goodyear Tire & Rubb
No par
$5 convertible preferred—No par
32,200
18%
Jan
4%
11%
1
Oct
9% July
161
44% May 18
No par
No par
.
(B F)
Goodrich Co
5%
*23%
•
100
108
6%
19
44
24
No par
Goodall-Sanford Inc
6%
17%
53%
4,200
54%
Jan
23
170
No par
No par
Stock Telegraph Co
&
26
100
-
19%
*23%
17
108
109
60
Gold
Apr
Feb
128% May
7
29% Apr 24
25% Mar 29
28% Jan 23
106% Apr 27
5
Co
(The)
preferred
5
17%
29%
58%
Co
63/4
23%
52%
27%
27%
7%
143
77/a Feb
28% Jan 24
123
Feb 10
3% Jan
3
100
Rubber
conv
.18%
23%
16%
No par
—100
—10c
tGoebel Brewing Co
6%
*17%
29%
1% Jan
Corp
20
Corp—No par
preferred
4% 45,
Dec
25 % Apr
22% Jan
2
9% Mar 27
106% Feb
7
10c
Safety Razor
preferred
19%
17%
63/4
5
16 3%
No par
——1
No par
Brothers
6%
7
4%
17%
Jan
pfd—.
cum
5
6%
5%
17%
x27%
&
183/4
7%
*4%
24
27%
Tire
7
6%
5%
1
10
preferred—
*23%
17%
7
5
.
par
Equip Corp
Telephone
Glldden
16y4
41%
1
May 11
22% Mar
May, 3
Jan
Utilities—,
Gotham
6%
,
62
—No
Refractories
$4.50
31%
*55%
4%
4%
153
154%
6,600
103%
58%
*102%
56 %
10% Mar
114% Jan 22
27% Mar 20
156% Jan
4
53
conv
1,800
28%
100
56%
*55%
4%
28
$5
Gimhel
28
27%.>
55% Mar 19
175
Mar 21
Jan 22
par
preferred—
Gillette
500
Dec
Feb
22
Gen Realty &
8,500
27%
103%
18
Jan 31
Jan
2
Jan
2
Jan 22
37% Jan
Dec
58%
Jan
$4.50 series A preferred
4%%
59
55 %
6
Dec
Jan
10%
7
14% May
7
106% Mar 22
Apr
No
A
Common
40
27%
*102%
22
19
par
Gen Time Instrument
58
27%
par
7%
23 %
125
No
Adv
General
27%
59
12% Jan
104%
49
'8%
160%
17%
Jan
Feb
51
27
par
Motors Corp
2,200
94
152
154
64% May
Apr
Mar
1,900
15%
94%
7
2
102%
15%
4
Nov
31
293/4
943/a
*56
66
2
1023/8
15%
A-
Oct
4%
13%
9% May 17
2
Jan
Jan
29%
94
■
62%
76
16
7% Jan
102%
15%
4%
May 16
66% Feb
23
58
29%
111
Dec
Dec
Jun
102%
*109
5% July
17%
18%
Jan
lll3/4
July
Jan
18%
Jan 22
Mar 26
*109
Jan
2%
128
preferred
4%%
7
Jan
12%
Dec
19
99
109%
2%
20
Sep
21
; t ,
20
15%
—No par
109
27
Feb
7
10%
General Shoe Corp
—1
Gen 8teel Cast $6 preferred—No par
27
57
9% Feb
18% Feb
6
Outdoor
General
Sep
19
General
94
x4
4%
$5
116
12
1,000
1,900
Apr
18% Jan
6,800
29%
Jan
103
20% Apr
223/4
15%
*56
57
General
Gen
6%
111
29 %
13
119% May 18
Sep
36% July
44% Dec
9
26%
29%
Feb
Jan
Dec
16% Mar
par
223/4
31
99%
50
30%
Dec
135
6
6
25%'
♦108
7
Jan
Jan
Apr
22%
94
*93%
41% May
•: 70
9
2
25%
29%
May
2
22%
263/4
94
Jan
Jan
243/4
26%
26%
6%
4%
16
14%
22%
263/4
*93%
26%
146
17
25%,
111
17%
Mar
Railway Signal
29
Jan
134
Gen
*108
13%
8
4
2,000
29%
183/4 Jan
Apr
34%
111
25%
129
34%
29%
Jan
100
10
preferred
34%
*98
A
26%
5%
343/a
*108
'
29
Dec
20
140
343/g.
35%
Deo
29
120
Public Service
*35
Nov
69
Jan
Sep
Gen
343%
16
Jan
16
Jan
700
34%
11% May
53%
115
23/4
380
Dec
58% Mar
8% July
102
*2%
30
33%
5
23/4
....
Dec
5% May
43% Aug
25
*2%
10,700
Dec
24%
8
Jan
2%
4%
May
May
Gen Precision
133
Jun
42%
143
General Printing Ink—
4%;:
26%
Jan
127
120
*128
18% May
6
1,200
4%
Jan
Dec
34 %
Jan
1,800
133
8
J13
10%
4
Aug
No par
General Mills
273/4
*128
Jun
44
57%
2
108%
41/4
109
Jan
4
10%
133
Apr
35%
40
Feb
3% Jan
108%
•
Feb
103%
8
1343/4 Jan
10%
27%
38%
3
par
No par
108%
28%
;
42% Mar 26
113
Dec
Mar 15
37% Mar • 7
26% Feb 19
5
No
Corp
10%
273/4
Jan
102
102%
*283/4 ; 29%
34 7"
34%
28%
33%
111
*108
29%
300
Nov
75
9
22%
.
102%
33%
34,600
1283/4
53%
8% May 18
64% May 5
21% Apr 25
13
24%
.
223/4
28%
69%
*128%
conv
108%
4%
25
28%
68%
:
$6
103/4
28%
*128
43%
32%
31
68%
127
Jan
preferred series A .No par
Gen Gas & Electric A
108%
34.
133
,7; 4%
4%,
68%
127
,34
No par
2%
2%
4%
Foods
10%
*28
103/4
111
2%
*128
Electric Co
108%
28%
*10%
Ill
2%
28%
♦150
200
126%
102
31%
126
X«R %
22%
*4
*125
69%
25%
*55%
126
60%
4%
94
126
9,600
126%
*108%
133
*93 %
20
4%
%
33%
15%
142
4%
60%
2%;
*108
'
*140
":'v
45
333/8 May
9
1._100
No par
100
preferred
preferred—.-.
16,300
44%
4%
140%
126%
10%
29%
43%
7%
4%
Mar
9
Cigar lnc.._
General
140%
118
No par
No
;
cum
General
General
4%
100
10
Dec
Aug
108 % May 15
10
9
9
Corp
A
28.600
69%
28%
111
*108
44
60 %
15%
1%
430
171
43%
Apr
100
—:
No
Bronze
Class
700
126%
*60
15%
31
*167%
14
108
May
51
24
4
par
32
27%
37
Jan
Dec
10% Aug
Jan
Jan
2
25
24
Jan
4
110% Mar
6% Mar 20 «,
47% Jan 24#
Jan
Apr
5
Jan
30% Feb
i
,
General
68%
62
*28%
*167%
17
48% May 16
15% Jan
Nov
17
4
25
Dec
Aug
27%
93
Jan
62% Apr
177/a
105
Apr
22%
May 14
41
Jan
Jan
19 %
19
64
1
v
171
14%
100
7
May
2
107 % May 14
9
50
General Cable Corp
29%
May
60
Jan
16
Inc
Transportation
Baking
preferred
$8
1,600
*126%
69
126%
Amer
1,800
127
Jan
28% Apr
23% Jan
par
par
Investors
3,100
127
130
102
126%
«oq
28%
20
7
Dec
14%
13"% May 9
35% Apr 18
107% Apr 18
2
20
General
140%
*125
.
127
28%
Gen
3,500
23%
47%
Jan
32
26
No par
$4.50 preferred
203/4
6%
23 %
ho
Co
Industries
Amer
2,600
175
Dec
Jan
9%
5
42% Jan
i__20
'
4%
127
22%
*126
,
20%
7
223/4
44
*140
4
20%
6%
43%
140
*128
22%
43
140
33%
20%
42%
*125
*2%
20%
423/4
142
10%
*1733/4
43%
130
27%
175
Wood
Gen
4,900
9%
44%
21%
-
Gaylord Container Corp
5%% conv preferred-
120
523/4
9%
33% Jan
7
109
53% Mar 26
cl A
No par
(Robert)—_—______1
preferred
$3
Gar
109
52%
423/e
*140
.
*107
10
533/4
423/4
*125
*108%
143/4
423/B
142
15%
14%
42%
132
68%
63
42%
*140
*60
63
:
8
k
1,700
41%
*125
*126
29%
108%
22%
171
AA'A 140
29
*1733/4
28%
/
Apr
2
50
1
G
Gardner-Denver
32,100
93/4
127
29
*167%
42%
42%
4
4%
*28
20%
A
Dec
23% Mar 27
(The)
Inc
6%
22
103
100
preferred
Gamewell Co (The)
940
9%
Co
2% Jan
5
May 10
383/4 Mar
7
1053/4 Apr
Co
6%
1,600
.
14%
52%
9%
6%
*223/4
75
9%
Gair
1,500
/:•
62%
*107
54
175
*20%
22%
*167%
175
23
6%
23
126
175
21%
7
23
*73
8%
v
::
Dec
22% May 17
5
25
Co
Co
Dec
2
1
preferred
Gabriel
10,200
15%
19%
,
29
*106%
6%
17%
17%
8%
9%
175
A,."' 17
29
53%
*173%
AAA: 5%
17%
*61%
64
7%
6
53/4
,
29
9%
108
7%
28%
<?29-'-Vv29M
53%
53%
Jan
10
10
Corp
Corp.—.
preferred
lEI/
7%
'
17%
47 %
93/8 Jan
10
100
Francisco Sugar Co
...No
F'k'n Simon & Co Inc 1% pfd
,;Vr
Apr
Jan
6%
16% Feb
Mar 28
par
Inc
Machinery
prior
Oct
9%
21%
57
May
333/4 Mar
,
28% Jan 23
No par
A
Corp
Food Fair Stores
6%
13 %
1
23% Jan
par
No par
No
preferrtd
34
800
No
_
Co
Steel
conv
19
Dec
28
73/4 May
2
17
25
No
(The)
preferred
Florence
74%
146
*39%
118
61
108
15%
34
15%
108
34%
*73%
26%
14%,
14%
*26
108
60%
19%
72%
33%
*196
2
100
31%
32
15s/a Feb
19% May
573/4 Apr
4
104
10
Stores
107%
36
Aug
423/4 Jan
100
preferred
National
*46%
>
Dec
84 %
123/4 Mar 26
1
46%
25
70
Feb
253/4 Jan
Corp
32%
—
f
Jan
78%
Jan
5
46%
/-
46%
16
25% Jan
No par
Dept Stores—No
106 y8
'■
43
24
2
2
Federal Motor Truck
58
*57%
Apr
Mar
24
No par
conv
83
88
15% Jan
par
Federal-Mogul Corp
4% %
19
11% Jan
,
Light & Traction
28
28
14
"
49
-
& Rad
Mln & Smelt Co
Federated
Jan
#
$6 preferred
1,100
12%
34%
Highest
I per share
9%
27
Jan
6
1044
28
42% Jan 24
.2.50
$ per share
18% Apr
3
20.,:
Corp_t
—15
Federal
$ per share
12
9
No
Federal
20
900
12%
5
Co
Corp
Buffet Corp
Farnsworth Televls'n
7,400
37%
86
Fajardo Sug Co of Pr Rico
21,500
107
68% Jan
Fairbanks Morse ft Co
C10.800
15%
%
15
22%
//"'
54
54
12% Jan
50
F
'
par
Year
Lowest
Highest
,
t per share
-100
Co
Vacuum
18%
55%
6%
No
cref series A
ft
17%
7
Lowest
common
55
*6%
Range Since January 1
Par
18%
.
Range for Prevtons
STOCK
.EXCHANGE
Shares
„
16%
80%,.
92
for
55%
53%
7 .<•;</
per
Sales
the Week
May 18
;
16%
14%
18
Friday
May 17
16%
2233
RECORD
PRICES
Saturday
$ per share
CHRONICLE
,
17 % Mar
14% Jan
2
46% Jan 24
28% Jan
2
161% Mar 16
64
Dec
July
Dec
49%
24
25%
Jan
31% Apr
18
24%
Jan
30
Dec
May 10
143%
Feb
163
Nov
May
67
71
57
Feb
Feb
2
63% Apr
24
43%
Feb
55%
Dec
5
108% Mar 13
52 % Jan 25
19%
Feb
24%
Dec
105%
Jfuly
pec
27% May
23% Jan
2
104% Jan 12
38% May
7
Feb
28% Jan 24
5% Mar 26
Jan 26
201
167
9
7
May 17
23% May 16
14% Mar 27
58
Jan 23
6
16
55% Apr
172
Jan 20
49% Jan
1
;
75% May 11
5*7 % Mar 16
105%
11
Apr
32%
Apr
6%
Jan
189%
Jan
16 %
33
Jan
62%
42%
Sep
50 %l:
3%
123
6%
1
H
*36%
39
*36%
39
*36%
39
*23%
24%
*23%
24%
*23%
24%
19%
19%
*19 Vi
19%
19%
107%
*107%
107%
107%
107%
107%
X107
107
*107
21%
*152
21%
152 3/8
21%
*106
21%
*152
333/a
33%
33%
9%
9%
*9%
10
111%
111%
For
footnotes
see
21%
21%
9%
111%
page
33
2239.
♦111
39
*36%
24%
*24
24%
193%
19%
19%
93/4
19%
19%
107%
xl053/4
1053/4
105%
105%
107
*107
107%
107
107
22
22%
22
21%
*152
33%
.
107
*
Hackensack
39
*237/a
107%
107
*152
33%
*110
*
*36%
24%
19%
19%
107%
39
24%
*353/4
f
*9%
33%
9%
112
33%
9%
♦110
223%
1,000
>
150
110
3,900
-
35
93%
__
343%
9%
•110
Hall
8%
35%
10
3,100
800
50
33
Jan
2
Feb
2
Apr
33%
10
20% Jan
2
25% Apr
26
15% Mar
22%
No par
Hanna
preferred—
(M A)
15% Jan
2
22
Mar
19
11Apr
16% July
110% Jan
12
106
Apr
111
110% Jan
12
102
Jun
—-■
Co $4.25
Harbison-Walk
preferred
Dec
29
Water
Printing
Co
Hamilton Watch Co.
8°tr
*152
*152
'
33%
112
217/a
100
Refrac
—100
105% May 18
pfd—No par
No par
107
10°
154
.
10
Hat Corp of Amer class A
1
6%% preferred (modified)—100
Hart, Schaffner & Marx
.Feb
28
18% Jan
2
Feb
17
x30
Apr
7% Jan
107
Jan
9
4
13
38
22% Mar
155
Apr
35 % May
15%
138
pec
109
July
Pec
Apr
21
July
Jan
152
Dec
7
16
~5%
Jan
May 16
104%
Jan
10% Feb
112
6
2
27
8%
110
Jun
July
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2234
Range for Previous
STOCKS
LOW AND HIGH BALE PRICES
8atnrday
Monday
Tuesday
May 12
May 14
May 15
May 16
I per
'
8
24%
77%
24%
*131%
128
*29
30
*25%
26
x24%
29
30%
5,600
Hercules
88
88
88%
2,900
Hercules Powder.
80
80
.
*125
*30%
31%
24%
*24
25
.
*17%
22%
22%
46%
17%
*
23%
24%
46
18
22%
22%
*116%
*116%
51
51%
♦116%
503/4
50%
51%
45
45
21%
22 %
21%
22
21%
26%
26%
26%
26%
107%
107%
1073/4
107%
1073/4
107%
1073/4
107%
79%
79%
79%
79%
79%
79%
17%
24%
24%
45%
45
45
10
22%
2,400
Class
26%
,1,800
79
79
16%
163/4
16%
16%
41%
41%
413/4
41%
4%
4%
3%
3
43/8
13
14%
14%
15%
15%
15%
14%
14%
13
30
30
29%
29%
293%
29%
30%
31%
30
31%
30%
32%
5%
5%
5
5%
33%
33%
*33
33
34%
33%
34%
69%
69%
70
70
16%
41%
:.•••
•
3
*12%
33%
f
4V
14%
143/s
5%
70
69
70
85%
*84%
85%
84
>
32%
RR
lines
140
r
Leased
RR See
23%
23%
2,000
Indianapolis Power & Lt
48
48
48%
49%
49
49%
49
49
2,200
Industrial
49
*106%
107%
*106
107
117%
117%
173
91
*90
90%
9%
6%
189%
189
184%
184%
23%
83
35%
223/4
*138
353/8
140
,
27%
27%
94
26%
92
91
92
91
92%
93
13
12%
12%
12%
12%
123/a
46%
49
*40%
403/4
*40%
82%
84
*83
46 3/4
40%
*113
116
139%
*125
*125
139%
29%
29%
29%
24
24
*25%
26
*37%
150
115%
*110%
112
24%
25%
*24%
125
*125
139%
29%
29
29%
♦110%
29%
30
6,500
25%
25%
253% /
3,000
Interstate
26
25%
25%
1,300
37
37
37
37%
37%
1,100
Intertype Corp
Island Creek Coal
40
*111%
115%
*36%
110%
116
*36%
36%
►110
110%
►125
►115
115%
1193/4
119
393/4
*111%
121%
36%
110
*39%
121%
37
37%
*110
110%
5,000
37%
150
110%
*120
*120
31%
31%
31%
32%
31%
32%
32
323%
32%
32%
32%
33%
86%
85%
85%
86%
863/4
87%
87%
87%
87%
88%
89
100
100%
99%
100%
29%
29
29%
28%
29
283/4
283%
27
26%
26%
*26%
27
26%
27
101
29%
100
100
700
;
800
103
104
1,800
28%
29
29
2,000
*26
27
27
27
*118
123
*118
123
1003/4
283%
102
14,000
-
Dec
56
Dec
8
46
Jan
77%
Dec
28
8
Jan
22
Dec
Apr
20%
72% Jan
24
87
May
183/4 Jan
19% Jan
par
.
Apr
25% Feb
2
153/4
20
2
24
351/4 July
49% May 17
Jan
109 % Mar 16
par
105
par
104% Jan
2
166
Feb
26
173
par
82
2
94
Jan
8% Jan
373/, Jan
104% Jan
6
9% May
25
8
1
27
6
par
May
50 3/4 Apr
109
3
Apr
1113/4
Nov
165
Sep
Feb
X87
Aug
9% May
7% Jan
29%
Apr
Nov
104
11
Dec
Mar
711/4
143/s Mar
106%
Jan
88%
158
May 12
Oct
423/, July
Jun
100
7
120% May
11% Mar 26
123/4 July
8% Oct
40% July
105%
Dec
6%
Jan
83/4 July
1
6%
Jan
10 3/a July
May 18
"
Apr
82%
Jan
I8OV4
1%
Jan
7
15%
Jan
18 3/4
5
65
Jan
80
4
187
Jan
23
5
Jan
2%
17
i
24 % May
2
843/4 Mar
753/4 Jan
1
4%
Jan
8
7% Feb
25%
Apr
5% Jan
2
28% Jan
24
Feb
23
140
May 10
19% Jan 26
29
May 18
No par
——No par
No par
No par
1
1
1
Mfg Co
129
84% Jan
36% May
47 % May
88
39
Feb
2
42
92
Jan
2
128
Dec
94
Dec
73/4
Jun
Aug
35%
Jan
43
Sep
563%
Jan
93
Dec
Feb
135
11%
Jan
20
Dec
113/4
Jan
20%
Aug
15
May 18
117
17% Jan
2
253/4 May 18
19% Jan
24
7
Apr
2OV4 July
15
Jan
20 i/a
9
29
Jan
45
July
Jan
144
Dec
138%
May 16
27
Apr
34% Jan 22
41% Mar
6
23
1133/4 Feb
15
1073/4
Jan
122% May 18
84 3/8
Feb
30
Nov
111
Jan
101
Jan
2
31
J an
25
1093/6 Jan
90
Jan
27% Jan
79
112% Apr
10
102
24
17
89
9
Apr
30'A
.
90
•
May
Dec
383/a
Aug
112%
Nov
■J 105
343A
111
95;'
Dec
Sep
Dec
May
28
Dec
Jan
80
Dec
Jan
93
Dec
10 3/a
Jan
20%
Dec
16%
Apr
215/a
Aug
66 %
9
Jan
58
4
May
Sep
20 3/8
May 18
104% May
2
19% Jan
1073/4
25
33% May 18
Mar 27
91% Jan
1
37% Mar
27
Oct
24
41% Jan
150
Jun
47
31% May
12
12%
92
2
Jan
Feb
Jan
2
36% Mar 27
Oct
21%
Feb
39%
Jan
145
136
Feb
15
Jan
26 3/4 Apr
Jun
68% Jan
137% Apr
19
Dec
6%
32'A July
5
Feb 21
18% Jan
I8I/4
Dec
Jun
13%
19
313/4 May *.
137% Apr
Jan
Dec
3% Aug
66
3.
13% May
15
42% Jan
130
96% May 18
26
9% Mar 26
Mar 27
79
Nov
Feb
673%
165%
90% May
74% Mar 21
188
154%
7
Apr 27
Feb 21
195
19
173% Jan
178% Jan
1
No par
100
Johns Manville Corp
No par
Johnson & Johnson
12%
4% 2nd preferred ser A
100
Joliet & Chicago RR stamped
100
Jone<s & Laughlin Steel
No par
>•
5% pref series A
100
5% pref series B conv
100
Joy
35
22
39% Jan
par
preferred
4%%
122%
Nov
23%
Jan
Jev/el Tea Co Inc
400
40%
115%
*112
32%
Jan
Apr
6
preferred
$6
50
150
150
39%
1153/4
►111%
36%
110%
40
39%
115%
*150
*85%
100
Foreign share ctfs
Dept Stores
29
25
150
Feb
10%
25%
37% Apr
76
8% Feb
preferred
7 %
25%
115%
112
'29%
24
24
30..
.
50
100
Intern'l Telep & Teleg
51,000
30%
1
28
28
19% Jan
10% Mar
Silver
29%
150
36%
36
International Shoe
International
25%
150
115
115
500
24%
29%
*148
*39
29%
37% May
3
29% Jan
No par
No par
Salt
International
139%
*125
29%
Aug
.—100
No par
100
conv
5%
900
40"%
128
122
Co
Inter Rys
25%
150
40%
300
*40%
403/4
124
139%
28%
540
243/4
29%
37
115%
*125
3,100
47%
Paper
preferred
of Cent Am
preferred
5%
5,300
13
84'%
6
No par
.—100
15
Canada
International
25
37
*38%
40%
118%
96%
83
Jan
100
25%
37
*115
*115
28%
*1203/4
37
*111%
36%
*35%
29%
*148
115
114
283/4
24%
36%
47%
40%
*40%
40%
*46%
v
1%
Aug
No par
Preferred
100
*46%
82%
47
47
.
82%
139%
♦125
29 3/a
40
*38%
*111%
49
52,200
12%
12%
Int Nickel of
25,200
95
94%
12%
120
24 Vi
x25
37%
*148
293/4
28%
293/4
40%
116
114
114
*46%
»
94%
123/a
83
*82%
83
35%
29~
7
161/2
8% Mar 26
International Mining Corp
4,100
273/4
35%
28
5% May
28% July
6 3/8 Mar 28
preferred
4 %
200
.
6%
2
Hydro-Elec Sys class A——25
International Min & Chem
5
2,000
223%
83
33/4 Jan
Int
4,500
*140
140
140
26%
913/4
'
6%
26%
26%
*47
35 %
*81%
6%
35%
26
*12%
84
22%
23
Feb
No par
No par
100
Machines
Preferred
280
,
4%
83%
6 3/a
263/4
26
*83
223/4
183%
4
4
*82
6%
34%
35%
140
'
83
6%
183%
183
4
22%
6%
34%
4
*82
83%
6%
1823/4
3%
223/4
22%
140
140
139
142
*138
35 %
35%
35%
,
6%
63/8
182 %
'
8y4
22% Mar
28
No par
Rubber
Business
32% May 17
100
International Harvester
5,400
86%
86%
Int
.1,000
195
Dec
6
1
Interlake Iron
9,800
10%
10
194
87 3/a
86%
87%
182%
3%
*82
83
*82
6%
6%
23%
223/4
23%
83
10'
194
194
Intercont'J
Jun
14% Jan
20
No
Corp
preferred
41/2%
1,800
7%
7
73%
Interchemical
.140
108
'
184
3%
4
3%
107%
97a
10
87%
87%
87
108
No
Co
Insuranshanv, Ctfs Inc
2,400
473%
July
32% Feb
100
'
Inspiration Cons Copper
4,600
:
9%
*9
473/4
7
189
189
12%
123/4
9%
48
*107%
7
9%
10
184
184
184
4
3%
87%
86%
87
86%
12%
*9
Rayon
Steel
Inland
900
15% May 15
37%
2
47% Jan
No
No
No
No
preferred A
$4.50
40
90
89%
92
series A
Ingersoll-Rand
6% preferred
3,300
__
473/4
108
6%
189
189
190
*186
*173
12%
9%
473/4
*107
6%
9%
10
9%
10
10
1183%
117%
%
—
92
13
*9
47%
108
6%
7
.
"92
12%
9%
47%
*107
108
*6%
6%
*173
•
*91%
12%
12 3/4
>*9
47%
48
108
108
*107
9%
48
118%
•
"
13%
*9
48%
'
*9
107%
117%
90%
90
91
12%
13
12%
48%
*1063/4
13'% July
19
1000
23%
*170
70% July
Jan
100
23 3/a
118%
Sep
Feb
Jan
20
23%
118%
183/a' Aug
114
Feb
63
4% May 15
16
Jan
100
4 %
ctfs
81
100
Co
23%
*106% 108
Nov
par
.No
preferred series A
6%
500
85'
7
Jan
3
18
28
10
.
Central
Illinois
29,000
1,100
Apr
111% Jan
Jun
27
Idaho Power Co__
1,000
33%
69
13%
107%
7
23% May
2
Apr
47% July
45
1
Hudson Motor Car
34
2
100
preferred...
& Sm Ltd
non-cum
Hupp Motor Car Corp
68%
*170
17
107% May
117
2%
23%
—
par
Oct
11%
23%
—
May
Jan
23%
119%
42
Feb
31%
108
11
Apr
Jan
313/4
118%
47% Apr
l3/a
313/4
*106%
Jan
4
6
323/4
*170
39
44% Jan
16% Jan
30%
32
173
115
53% May 11
119
21
32 3/a
119%
11
2
433/4 Feb
32 3/a
108
18
100
32%
1183/4
15
Jan
20
15,300
33%
24% May 17
Dec
34% Jan
82,100
34
Nov
19%
3
5%
34
211/4
Jan
20% Feb
17% Jan
„
32%
343/4
Jan
13%
49% May
26
116% Apr
Manhattan
&
4%
33%
133/a
23
17% Apr
7%
31%
33%
Sep
19
413/e Jan
18
5%
34%
47%
20
32%
33%
8
36% Mar
Apr
31%
5
23%
18% Apr
Hud Bay Min
,7,300
30%
20'% Jan
10
42
Dec
28
29% Feb
2
86%
*106%
2
22
32
48%
23% Jan
25% Aug
123/8 Jan
*85
*23%
Dec
25
Feb
66'/a Jan
32%
23%
July
125
193/4
30% May 10
25% Apr
86%
49
73
Apr
131% Apr
100
*85
23%
Jan
114
..No par
*32
48%
63
19
25
Finance
30%
33%
*84%
80% May 16
15
Jan
100
30%
33%
86
15 1
Feb
3
Howe Sound Co
.4,300
34%
*85
Feb
preferred...
Hudson
26.800
333/4
70
72
123
Houston Light & Power Co,...No par
25
Houston Oil of Texas vtc.
9.200
4%
..
33%
69%
Jun
Mar
12.50
30 3/8
5%
5
89
134
'
4
33%
69%
5%
390
700
1,900
41%
Apr
Jan
No par
32%
x313/4
5%
5
.
■
75
128
(A)
30%
30
-
■
17
16%
41%
4%
16%
41
,;*■
108 %
*10753
79%
6
10
.No
Household
108
10732
x793/4
903/4 Mar
134% Apr
1
B
22%
Feb
8
100
Houdallle-Hershey cl A
26%
Feb
Nov
273/8
15
preferred
223/8
753/4
170
Feb
Homestake. Mining
900
Sep
Dec
22% July
Jan
(Del).....
Furnace
26%
21%
3%
16 3/a
41%
7 %
81/2
No par
No par
10
Holly Sugar Corp
8,900
Apr
Dec
9%
112
82
(C E) The
Hollander & Sons
3,600
523/s
33/4
16%
41%
Holland
100
"v
116 %
3
16%
42
Hires Co
Jan
Mar
20%
I per share
130
_
Hlnde & Dauch Paper Co
1,100
r
51%
*
—
*26
80
*79
453/4
17%
243/4
45%
26%
453%
51%
24%
51%
22
26
24%
17%
17 %
*116%
—
45%
45%
45%
*44%
—
513/8
24%
*200
600
46%
*45%
*17%
47%
46
*17%
31%
24
24
24
24
*30
„
preferred
conv
633/4
24
1944
No par
preferred
84
•
Motors
Hershey Chocolate
400
81%
127%
30%
30
31%
*30%
133
*78
128
♦125
127%
*125
81%
*78%
80%
80%
:
v.
128
*125
♦132
132
132
131%
131%
131%
131%
'
6%
313/8 Apr
Sep
160
177% Apr 24
22
Mar
20%
2
77% May
2
4'
Jan
22% Jan
99
8
25% May 17
10
71% Apr
170
No par
29%
45
16%
preferred
28%
370
20% Jan
25
100
W)
non-cum
87%
22
*41%
7%
-
29%
26%
45
(G
Helme
M00
,
♦177
Mar 13
108
15
Apr
2% Jan
8
Feb
118
6%
15
8% May
26
Mar
6
$ per share
share
12% Fo'o
4
9% Jan
25
Co
Glass
Co,
87%
26%
*21%
Hecht
29
id
5 PA
51
25%
76%
25%
76%
Hazel-Atlas
87%
43%
22%
117
25%
76%
25%
Corp
28%
*471/2
Id
22
117
270
6,700
Mfg
87
80%
*29
*17%
112%
*177
f per share
1
9
Hayes Industries Inc
Hayes
28%
31
*125
43
111%
*75%
25%
77%
*177
123
•125
*47%
12,500
87
133
*77%
30
2,300
7%
87%
29
*87
131%
80
25%
77%
11%
7%
111%
111
111%
*75%
25%
11%
7%
29
29
131%
24%
♦177
11%
7%
11%
7%
111
*75%
24%
77%
88
28%
111
*177
--
*87
*110%
*75%
24%
*75%
•177
111
110
110
110
11%
7%
8
t per
Highest
Lowest
Highest
Lowest
EXCHANGE
par
share
Year
Range Since January 1
STOCK
YORK
Shares
t per
t per diare
11%
11%
7%
NEW
lor
the Week
May 18
May 17
t per share
share
8
7%
8
11%
11%
11%
11%
-
t per
$ per share
share
•11%
Sales
Friday
Thursday
Wednesday
K
*26%
123
*118
20%
*118
19%
203/a
48
123
*118
123
*118
48%
20
19%
20%
20%
48
48
123
48%
.
t
20%
20%
21%
49
49
v
48
20 3/4
20 3/4
203/4
20%
21
*27%
28%
*27%
28
28%
28%
28%
*27
27%
*27
273/4
263/4
27%
27%
273/4
27%
27%
27%
27%
*24
24%
24
24 %
24
24
24%
24%
24%
24%
24%
24%
37%
37%
37%
38%
39
»253%
26%
45
*8%
*72
293%
108%
28%
83/4
72%
74
37%
37%
37%
37%
27
27
26%
26%
*263/8
273/8
45
45
45
451/4
45%
46%
9%
\
*83/4
76
76
293A
29%
108%
108%
28%
293/4
108
28%
9%
9%
76
76
29%
108
29%
*108
28 3/a
28%
9%
76
76
28%'
10%
10%
*9%
10%
*9% -IO1/4
40%
41
41
41%
41
41%
42%
423/a
42
42%
42%
42%
41%
42%
4%
420
77
30%
3,800
120
28%
10 s/8
108%
28%
5,200
*9%
*40 3/a
41
42%
42
•200
10 3/a
1,000
41
42%
i
:;
3,000
4%
4%
4%
4%
4%
43/4
4%
333/4
34
343/4
34%
343/8
*34'A
34%
34%
343/a
1,300
443/4
*44
44%
44 3A
443/4
49%
47
48
2,400
53
53
*52
53%
133/s
13%
13%
13%
13%
13%
131/4
13
13%
34%
34 y8
34%
34 y8
34%
34
34%
34
34%
*53
53%
13%
34.
136
138
137
138
136%
*52
137
53%
138
11%
12%
11%
12%
11 3/a
11%
11%
11%
2%
2%
2%
2%
2%
2%
2%
2%
*43%
1,000
333/4
443/4
136
42
•
108%
28%
*9"%
*40%
3,000
9%
30 3/a
*43
44
43V4
43
43
43
45
46
*53%
136%
12
2%
45
4%
533A
UOO
13
13'A
8,900
34%
53%
35
*'53%
137
12%
25,900
4%
rl38
.
12%
12.000
139%
2,230
12%
15,100
41%
*22%
22%
22%
22%
22%
223/8
22%
22%
22 3/a
22%
22%
22 3/a
18%
183/4
183/4
18%
18%
18%
18%
18%
18%
19
18%
19
63%
633/4
8%
49%
49%
*49%
89:
89
90
90
89 %
891%
91
91
90
91
91
91
194%
34%
*32%
54%
53%
49
483/4
For
footnotes
see
64
63
8%
8%
8%
49%
*49%
*192
193%
*32%
343/4
521%
34%
54
531/2
47%
49
page
63%
493/8
193%
*192
*32%
-'•54%
49
8%
50
2239.
481%
*90
90%
*192
*32%
54
47%
63%
8%
50
62%
8%
50
62%
8%
50
623/4
1,500
8%
8%
17,500
,
*50
51
90
90
90
90
91
90
91
90%
903A
192
192
-
62%
91%
1931/2
-
191
191
500
500
2,400
110
34
*32%
34
33%
34
600
54
54 %
55
*54%
56
1.400
48
48
48
48
48
2,500
22
51% May
21% May
23
100
No par
No par
Lee Rubber & Tire
-5
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement
25
4% conv preferred—.
—100
Gas Lt
Lambert Co
Lane
Co
(The)
Bryant
50
Lehigh Valley RR
Lehigh
Prod Corp
Stores
Corp
Libbey Owens Ford
Llbby
(new)— No par
Glass
McNeill & Llbby
Life Savers Corp
Liggett
& Myers Tobacco
Series B
Preferred
Lily Tulip Cup Corp
Lima Locomotive Wks
L:nK
Belt
Co
No par
-50
1
3
No par
7
3
23
25
100
8 3/a Jan
73
Feb
26
: Mar 26
8 3/4 Apr
Jan
Jun
30
13%
Jan
193/a
Jun
293A
Jun
373/8
Dec
19%
Jan
24
Dec
31% Mar
42
3
23
9%
78%
Oct
Dec
Dec
Jan
32
3
5
Feb
54%
15
Mar
28% May 18
Dec
343%
Dec
1083/a
Dec
Feb
27%
Nov
108%
22
10%
Dec
Oct
13
63A
Jan
41% May 15
273/4
Jan
39
Dec
7
31%
Jan
37%
Nov
26
Apr
X31~%
Dec
17%
Jan
31'A
Dec
Dec
11
19
37
Dec
Aug
24
May 15
Apr
"
7
Jan
36
20'A
X26
243A
34% Jan
112
Feb
Jan
781/s J an
21
May 15
Mar
Jan
lOi/s Feb
293/4 May 10
108
393%
17
47% May 18
15
Dec
Jan
20
25% Apr
8
33% Jan
Feb
14%
13%
293/4 May 17
283% Feb 27
22% Mar 10
124
Jan
193/4
9
22 3/a Jan
Dec
6%
5
26
22
27
Lerner
41%
Jan
No par
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp
No par
Kinney (G R) Co
1
$5 prior preferred
No par
Koppers Co Inc.—.——
10
43/4% preferred
—100
Kresge (S S) Co
10
Kresge Dept Stores
1
Kress (S H) & Co
No par
Kroger Grocery & Bak
No par
Laclede
117
23
18% Jan
23% Jan
34
40
Kennecott Copper
1
Mar 26
22 3/a Apr
2
2,500
41%
124
22
24
Lehn & Fink
41%
3
Jan'
Jan
283% Mar
3
Jan
18% Jan
1,000
41%
1
13
351/4 Jan
2,000
41%
5
20
117
1
B-
Class
7,800
41%
10
No par
No par
100
1
& Co
Kelsey Hayes Wh'l conv cl A
473/a
41
8%
preferred
Dept Stores
(Julius)
46%
46 %
41 %
64%
non-cum
Valley Coal
6% conv preferred
Lehman Corp
(The)
2
41
8%
4%
Kaufmann
Kayser
7,400
2%
41%
*63%
Kansas
%
2%
*41%
*193'
500
•200
47%
*75%
108 %
X28%
•
1,200
*43%
4%
34
*43
43%
108%
1,200
273/a
9'/a
30 3/a
300
15,100
-
47
76
30
10%
*263/a
9%
30%
109
403/4
:
*9
,
900
'
21%
29-%
*29
38%
108%
28
*20%
293/4
37%
10%
33%
29
49
49
21%
37%
29n/4
28%
*20%
45
45
8%
21
28%
263/4
*26
45
483/4
.
40%
_
15,500
'
48
21%
*20%
P & L Df ser B
City Southern
Kan City
21%
21
700
Stove & Furn
Kalamazoo
Feb
441% May
24
7% Feb
2
35% Jan
■V
19
43/4 Apr
31% Jan
5
30
Jan
24
49% May 17
47
Jan
22
543/4 Mar
2
38
Apr
49%
8
Jan
12%
Oct
4
151/4 Feb
21
Apr
31%
Dec
113
Jan
3
29% Jan
24
37
Feb
15
20
123% Jan
29
143
Mar
6
13% May
3
12
Jan
6% Jan 30
2% Mar 26
3
Jan
127
Dec
8%
Dec
2
1%
Jan
2%
Dec
Feb
39%
4%
Jan
Dec
35% Jan
22
473% May 18
153/s
22
43
5
29%
Jan
38%
Dec
36% Jan
7
18%
Jan
21%
Jun
17%
Dec
193A
Dec
42
Jan
53% Aug
20% Jan
3
17% Jan
22
May
23% Mar
191/4 Feb
May
28
5
24
65
2
7% Jan
47% Mar 28
52
Feb
1
39
Jan
49%
2
90
Apr
25
68%
Jan
83%
Jan
86%
51% Jan
78
Jan
78
Jan
3
Jan
181
-
5
9% Apr
17
6 s/a
Apr
4
67%
195% Apr
25
174%
Jan
21
91
May
8% July
182
Dec
Jun
Jun
Nov
Mar 28
38% Feb
Feb
32%
Dec
32
263%
No par
25
59 % Mar
1
Apr
52
Dec
47% Jan
36
No par
No par
41% Jan
22
51
Mar
7
37
Jan
44
Dec
^Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
LOW AND HIGH
Saturday
Monday
May 12
May 14
$ per share
21%
$ per share
21%
21%
SALE PRICES
$
21%
*21%
Friday
$ per share
213% '21%
22
Sales
May 18
May 17
per share
21%
•
Thursday
May 16
t per share
22
STOCKS
Wednesday
Tuesday
May 15
2235
the Week
I per share
Range for PrevtoM
Share«
21%
22
(or
NEW FORK
STOCK
Range Since January 1
Highest
EXCHANGE
Par
Lion Oil Refining Co
1,700
$
I per share
-No par
19% Jan 31
—,
31%
31%
31%
31
31%
*30%
31%
*3o3/4
24%
23V4
24%
23
23%
23%
24%
23%
31%
24%
23 y8
24 %
17,900
Liquid Carbonic Corp—— -No par
l
Lockheed Aircraft; Corp—
29V4Jan
24 Va
26 %
26%
-26%
26%
26%
26%
58%
263/8
26%
26 3/s
28%
28%
28%'
48,400
Loews Inc
.-No par
26
583/4
583%
57%
573/4
Corp___. -No par
50
57%
58
58 »/2
57%
58%
31%
18%
18%
19
19
18%
18%
18%
193/i
19%
20%
20%
48%
47%
47%
47
47%
473/4
473/4
48
48
47%
2,600
20 5/s
*47 %
900
473/4
23%
23%
*174%
23%
26%
26%
54%
54%
23%
1741/2
176
174%
26%
541/4
12,000
Long Bel} Lumber A~
—. -No
par
.29
Biscuit———
10
Lorillard (P) Co.
70
.----100
24%
,24%
175%
173%
173 Va
173%
26%
26%
26%
26%
26% " 26%
55
*26%
54%
54
55 Va
5o'/8
553%
55%
55
55%
'6,000
33
*32%
33
33
33
*33
33%
100
57%
1,500
24
23%
ettar Cement
25
19
173%
•
7%
600
•
•
preferred-*—.—
Va Jan
15% Jan
6
20
18% Jan
2
166
I per share
13
19%
Jan
30% Deo
14%
Jun
23%
vJan
4
176% May
•27% Mar
8%
Dec
Dec
Dec
Jan
16%
Jan
44
17%
1
Mar 27
Nov
53
28
9
2
52
22 % May
40% Feb
20% May 18
50% May 2
25
May 18
23% Jan
Louisville Gas & El A—— -No par
Louisville. & Nashville new,
-150
Highest
8 per share
17% Nov
34%1'ep
2
31
40% Feb
Loose-Wiles
1,200
*173%
233/4
174
26%
v
24
11,400
v
26%
23%
174
none
new
share
24% May 12
28% May 17
60% May 9
Jan 23
57
31%
per
Lowest
24% May 12
May lo
58%
X31
Year 1944
Lowest
Apr
20% July
151
Jan
165
Deo
20%
Jan
25%
Apr
30
Dec
Feb
148
Nov
Jan
48
247/fl
Oct
57% Mar 19
M
*32%
*32%
*152
33
*32%
*152
56%
*34%
*108
56%
35
*17%
*
18%
18%
450
8%
18%
*380
34 %
34%
108%
18
*17%
18%
18%
450
*380
56%
56%
35
108
18
108%
18
*17%
18
35
*107%
35 %
9%
18
18%
*380
440
Macy (R Hi
1,700
Magma
6,400
8%
81/4
15%
15%
*14%
16
15%
15%
15%
*153/8
15%
15%
16
2,400
Mandel Bros
27%
27%
28
*27%
28%
28%
28%
28%
28%
28%
283/4;
1,000
Manhattan Shirt
4%
4%
4%
4%
4%
43/8
4%
4%
4 5/8
45/8
4%
7%
7%
7%
7%
7%
7%
7%
8
7%
7%
7%
16%
22
16%
16%
22
*107%
24%
109%
.23%
15
29%
10%
47%
11
11
15%
15%
14%
15%
46
46%
46%
30%
30%
30%
'
*31%
32
32
21%
21%
11
21%
*105
112
*36%
37%
*36%
37%
*36%
37
20%
20%
*20%
21%
*20%
21%
*57%
58%
*57
57%
*57%
*105
58
24%
*104
25
25
106
25
*104%
25
16%
112%
*111%
112%
19%
19%
'19%
15,000
16
108%
25%
153/a
10%
*46
25%
*192
35%
11
10%
47
46
110%
Master
3,200
Malhieson
10%
300
•
50
.
.
32
•
32
32
32
333/4
1,700
213/4
22
24
24%
24%
'3,700
*108
114%
400
112
112
113%
19%
;
37 %
700
McGraw Elec Co
21%
200
McGraw-Hill Pub Co.—
57%
500
Mclntyre Porcupine Mines.
McKesson &; Robbins Inc
25%
25%
25%
26%
105%
*104%
105 %
100
17%
17%
18%
3,800
112%
*111%
112%
*111%
1123/4
*111%
20%
20%
21%
21%
213/4
21%
18
6,100
$4
14%
14%
14%
14%
15%
15%
14%
*100%
103%
*100%
103%
*100%
103%
*100%
103%
*100%
99%
*97%
99 %
*97%
99%
*97 %
99%
97%
97%
99 %
*39
39%
39%
39%
39
39%
383/4
39
373/4
383/4
37%
383/4
20%
18%
19%
18%
19
183/4
19%
18%
19
183/4
19
59%
61
61
61%
60
61
60
60%
43
42% /43//;
20%
63
14
14%
104
60
63%
63%
43
43%
108
8%
28%
44
*42
43
43%
*43%
43%
108%
*42
107%
28%"
28%
43%
44%
158%
43 %
108
8%
28%
28%
43%
43%
43
44
43%
107%
106%
107%
8
7%
7%
28 3/4
28 5/a
44
159%
*43%
158
159%
42%
*41
43%
108
7%
159 %
*158
158%
*42
108
8- ^"
8%
;
XI5
g
28%
45
28%
45%
*55%
55%
16%
':V*2
46%
2 ' v;:
2%
*55%
17%
17
17%
46%
57%
46%
16%
2
*1%
46%
46%
*107
109
*107
109
*107
*109%
111
*109%
111
*109%
*111
*111
9
119
s
"9%
17
17
2
*1%
*45%
46%
109
109
111
*109%
*111
111
111
8%
9
119
:
56
57%
8%
8%
8%
57%
58%
58
17%
17
58
17%
1%-
17%
1%
463/8
2
46%
46%
45%
2
*
300
80
58%
173/B
<9,100
4,600
*108
111%
*107%
*109
'
90
112%
9
8%
*110
8%
9
,
"30
•
112%
9%
f
11,000
■
27%
119%
*118
27%
27%
7%
*118
27%
7%
119%
27%
*118
27%
27
120
*118
*118
120
100
120
27%
263/4
273/s
27%
273/s
7%
3,400
^
7%
7%
7%
7%
7%
73/4
73/8
7%
25%
',V
25%
25
25%
25
25%
24%
253/e
25
263/8
25%
253/4
44%
44
44 %
44%.
44%
44%
45%
45%
45%
45%
45%
:
;
12,500
44%
,1,700
30
30
30
•
7%
30%
96
97
95%
115
114%
114%
*112%
116
114%
*109%
111
*109%
*29%
95%
*112
95%
*29%
30%
953%
.
94%
30%
30%
953/4
30%
943/4
94%
X29%
943/8
•
Machine Co
3,300
•
!
30
1,000
94%
2,300
••
—
Mo-Kan-Texas RR.
42
42 %
39 »/a
4,110
3l3/4
313/4
4,600
25%
25%
25%
26 %
26
26%
27
27
27
283/4
28%
28%
7,300
36%
37
35%
36 %
36
36%
36%
37
36%
36%
3,100
13
12%
13
12%
12%
13
36%
13%
36%
13
13
13%
13
13%
4,700
Mullins Mfg Co
*102
103
102%
102%
*102
*26%
26%
*26%
26%
92
*93
94
92
27%
*26%
92
*26%
*91
26%
94
92
26%
92
114%
*114
17%
114%
114%
*111%
114%
17%
17%
17%
17%
18%
*102
*26%
*91%
*111
18%
103
26%
91.3/4
92
18%
55%
57%
*55%
21%
20%
21%
20%
41
41
41%
40%
41
41
41%
25
24%
24%
24%
24%
243/4
25 5/s
*55%
57%
21%
41
57%
57%
20%
114%
18%
*56
57%
21
?
17%
♦111
114 s/8
21%
58
*111
183/s
57%
Jan
13
Dec
82
Jan
100
Sep
70
Jan
94
x41%Apr
19
31%
21
May
65% May
45 % May
44% Mar
20O
>
600
1143/s
40
18%
19,200
200
57%
' 3
f
1
109
,
May
4
7% Mar 26
109% Jan
4
2
5 % Jan
37
Jan
55%
Dec
25
Mar
39
Aug
27
Jan
38
Dec
Dec
107
Dec
30
107
1
6
Mar
Jan
12
19% Feb
27%
6
68
16
2% Jan
47% May
113% Jan
7
5
Mar 13
119
May
31% Mar
116%
Apr
105
108% Feb 27
47% Jan
41
12
Mar 26
33
Feb
111% Apr 12
pec
6% Jan
22
Sep
Apr
25
88%
Oct
Oct
111% May
117
Jan
114
119%
Sep
Nov
107% Jan
41% Apr
113
Aug
53% Nov
35%
26
21% Jan
35%
Dec
May 17
28% May 17
40
May 5
13% May
1
15% Jan
16% Jan
24%
Jun
25%
Dec
26%
33%
Dec
10%
Oct
32
97% Mar 27
19%
74%
Dec
Dec
Jun
21
41% Apr
6
6%
18%
39%
Jan
Feb
20
6
Jan
8% Jan
29
Oct
Jun
23% July
Apr 17
23
9% Jan
9%
111
Feb
44
21% Jan
31% Jan
Dec
112
Sep
62%
32% Jan
23% Mar 27
Dec
107
2%
8
114
Nov
93% Jan
8
Dec
113
9% Mar 19
97% May
Dec
2%
46
Mar
17%
30
19%
Oct
9
46 % Apr
Aug
Oct
58% May
108% May
31% Mar 19
3
144%
Oct
36%
8
22
39
Jan
Apr
12'/a
1%
-
,
8% July
28% July
Jan
46
4
16% Jan 22
.
Apr
23% Sep
31% Apr 24
45% May 17
160
.
Dec
2
36
Jan
16%
8
Jan
19
1% Mar 27
Oct
,38% Nov
9
% Mar
Mar 24
42% Mar 26
8
9
2
15% Jan
Apr
8% Jan
109
24
Jan
53
ser
class B
1
$7 preferred—:—
No par
Munsingwear Inc—
—No par
Murphy Co (G C)„
No par
4%% preferred
——100
Murray Corp of America
10
MyerB (F E) & Bro
No par
30
103
' Jan
Oct
Dec
19% July
16
2
39%
(
Jan
35
Dec
111
24
Apr
32
103
26
8
Nov
13%
Apr
23
137
•
Sep
16 % Aug
May 18
28%
104%
Feb
103
5
15% May 16
3
7% Jan
10
101
* 3
106% May 16
l
■
Apr
119
39%
500
21% May
97
Apr
9
4
303/4
.
2
Mar
114% Jan
$4.50 preferred
11,400
Oct
Dec
105% Apr
33% Mar 10
Jan
Apr
55% July
18% May 18
14% Mar 10
37
27
112%
32%
108
12% Mar 27
54% Jan
;
Feb
22
23
v
Jun
109%
Apr
3
2
21
Jan
Feb
17% Jan
Jan
Oct
16
Mar
112
35
Doc
29%
14
24
3
July
19% Jan
,
47
109% Jan
12
July
6
6
Jan
11%
44
110%
28
25
94
Dec
NOV
20
13 % Jan
98% Jan
24%
176%
Apr
13
39%
*102
28% Jan
Mar'
Jun
23% Feb
Apr
30%
102%
27 1
39
2
4
106 Va
24% May 18
113% May 17
115
393/4
102
/
1
Mar
4% Mar
32% Mar
27
5
42
-
35% Mar
61% Mar
Jan
170
Mar 15
2
42
43
25
49% Apr
112
2
29%
*42%
4
79% Jan
393/8
*42
62%
16
May 17
May 5
11% May
7
25% Jan
43
41%
61
27% Feb
24
Apr
104% Jan
No par
.
29%
*109%
60%
Apr
111% Jan
Tool
39%
111
60
.
Monsanto Chemical Co-—-,—-10
Monarch Mach
29%
117%
*109%
60
29
30% Jan 25
19% Jan
2
100
-20
39%
*115%
111
59%
51% May
25% May
19% May
52
—--—No par
7% preferred series A—
Mohawk Carpet Mills
^
40
117%
*109%
59%
Sep
37% Apr
13
22% Jan
Corp—
29%
*115%
111
12
5
32% Feb
.
10
Mission
29%
111
117%
59%
Jan
16% May 14
47% May
26
111% Apr 24
9% May
8
41%
10
*109%
4%
Mar
13
39%
117%
*115%
59%
25% Dec
110% Jan
42
30
114"%
Jan
114
28%
115
111
16%
19
40
*113
*115%
1
110% Jan
28%
115
*113
«
27% Mar
4%% preferred series O100
4% preferred series D
100
Minn Moline Power Imp!—
-1
$6.50 preferred——
-No par
39%
59%
59%
115
Dec
22
Jan
111% May 10
3
10Q
*41%
59%
115
May
20
22
i>fd—100
A_—No par
Preferred series R
——No par
$4 preferred series G——No par
Montgomery Ward & Co—-No par
Morrell (John) & Co—
-No par
Morris & Essex-'———..—50
Motor Products Corp
No par
Motor Wheel Corp
——
5
Mueller Brass Co
1
115
*114
21
Apr
15
1-5
—
MinnrHoneywell Regulator
4% conv pfd series B—
-
111
*110
Jan
19% Jan
> 8% cum 1st preferred-—
-100
'7 Minneapolis &St Louis Ry—No par
Minn- St P & SS M A vte—No par
Class B vtc—.■
——No par
1,100
111%
111
Oct
Jun
13%
27 J/4 Jan
•
K
2
46
*109
700
f
;
8%
12%
29
No par
No par
—-1
—1
50
Copper——
i~5
Mid-Continent Petroleum—
-10
Midland Steel Products——No par
;
1,500
r
Jan
6
8% Jan
par
1
Miami
4,200
455/b
111
•
2,600
29
6%
18% Jan
40% Jan
-No par
Metropolitan Edison 3.90%
370
;
20
Aug
24% May 16
110% Jan
-10
Co..
Corp
-i.
preferred series A
Mesta
1,100
159
110 ■■■*.-
112%
8% Feb
Dec
-4
16
35
(The)—
,
5% conv 1st preferred-,
Merch & Mln Trans Co——No par
;
1,790
,
2% Jan
Dec
22
40
100,;
^
Mengel Co
-
'
*54%
■
21,300
8%
*157
9
9% Mar 26
par
par
—18
No
$5.50 pfd ser B w w
Melville Shoe Corp
50
1,100
107%
8
29
2
'
*107
159
Mead
$6
43%
108
45%
*157
*
7,600
'
425/8
8
,
28 3/8
44%'
158%
43%
*41%
42%
15
24%
21%
—5
Co
Stores
preferred —
McQuay-Norris Mfg.
7,800
99%
14%
16
"
1
5%
103%
*98%
*102
10 %
Feb
Feb
15% Apr
18(4 Jan
No par
preferred
McLellan
112%
23
Apr
38
57%
*104%
6"%
195
37
18
Jun
10%
20
21%
2o%
Oct
Dec
18%
12
57
105%
19
22%
391
~~8
26
38
17%
Dec
10% Jan
23J/a Jan
21%
25%
Jan
14% jun
Jan
Dec
38% May;
108 %
16
May 18
28% May 18
4% Mar
8
176% Jan
-No
Wks-
*37%
*104%
14
2
par
Alkali
*203/4
253/8
Jun
' 3
Jan
7% Mar
preferred
37%
17%
17
104
27
;Jan 20
3% Jan
I
——1
Co
21%
57
Feb
4
Elec
37%
58
i9
22% Jan
X26% Aug
V
17
7 % -May
—1
*203/4
58
Mar
1—
100
(new)-—5
Maytag CO
No par
$3 preferred
No par
$6 1st cum preferred
—No par
v McCall Corp
—
—*
McCrory Stores Corp—
—1
iv
5% conv preferred w w
100
»2,800
46
110
.Mar 28
14
5
100
No
No
34%
315
May Department Stores
4,300
110%
3
24
—.
135
Apr 30
35% Apr 19
27% Jan
1%
10
353/4
16% Feb
5
Co_.
Masonite
1,000
25%
L)
Martin-Parry Corp
Corp
2,500
-
195
*110
(Glenn
23
17
No par
100
_
27
par
j
Marshall Field & Co
4%% preferred
Martin
43,200
46%
30
36
;
10,800
1534
46%
30
25%
*110
30,000
25%
No
Feb
Apr
59
24
1-1
—
.
Maracajho Otl Exploration
Marine Midland Corp.*
Market St Ry 6% prior pfd
260
/
24%
*107%
19%
16%
*111%
8
105%
105%
16%
.
10,400
*111%
106
16%
43/8
463/4
195
35%
47
*313/8
21%
15%
25%
110%
153/4
9%
30
195
~
11
10%
*46
32
15
463/4
35%
*110
25%
X30
253/a
197
35%
47
21%
21%
24%
*193
110%
32
113
*110
113
10%
110 %
32
25
35%
47
111
„
196
35
47%
*110%
24%
*153
35%
11
*47
*110%
*111%
25
24%
30%
25
47%
243/4
9%
24%
108%
*107%
25
46
196
111
21%
24%
161%
243/4
24%
243/4
108%
16%
25
X35 %
16
16%
24
*106
29%
*193
36%
*16 Va
24%
108%
46 %
15%
X46
25%
195
36%
163/s
9
9%
9%
*15
*107%
25%
30%
9
23%
24%
15%
*25
*}e%
16%
108%
46%
*193
8%
24
*107%
25
46
*29%
8%
33
153
Jan
106% Jan
—No par
.
10
50
Copper
3
16
47% Jan
2
31% Jan 22
100
Mahoning Coal RR Co
Manati Sugar Co
440
28% Jan
147
■
par
No per
Co Inc
27%
,
-No
pfd series A_.
Madison Square Garden
100
18 %
.10
100
-
4% %
.1 600
.
Forbes
&
preferred—
Mack Trueks Inc—
,
4,400
108%
*17%
185/8
18%
*380
440
6 %
563/4
35 %
*1073%
18%
18%
♦380
35
35%
108
*17%
18%
440
57
57
563/4
35
108%
*152
*152
*152
56%
108 %
198
18
*380
56%
34%
108%
18
*152
56%
MacAndrews
105
8
X82% Feb
15
92
110% Feb
1
115
Apr
4% Jan
•v
42
Oct
4
72
Jan
17
20
Aug
May
8
70
May
24 % July
84
Nov
Jan
4
110
May
27% Feb
Jan
Jan
100
Oct
Nov
116% Feb
13
Jan
5
187/s May 18
8%
Jan
53
Jan
5
57% May 16
43%
Jan
14% Aug
53% Oct
15% Jan
20
22% May
11%
Apr
28
Jan
N,
v
25
20%
203/8
21
41%
41%
42
42
25%
25%
25%
26
3,500
47,600
v
1
'
19%
19%
20%
21'%
20%
21%
21%
22%
22%
24%
23%
25
12%
12%
13%
13%
13%
13%
133/a
13 %
13%
13%
133/a
13%
13%
14%
14%
14%
13%
14%
14
14%
13:%
14%
National
32,200
13%
16%
16%
16%
16%
16%
17
163/4
17%
1.6 5/8
16 3/4
17
25%
26
25%
253/4
25%
253/4
253/4
25%
25%
10,600
253/4
*188
*21%
189%
22%
189%
*188
22%
192
22%
*21
192
%
*186
22
22
186%
186%
'
*21%
22%
190
22
:
*186
200
188
200
223/4
15%
15%
15
15%
14%
15
14%
15
15
15%
15
34%
34%
34
35
345/8
35%
34%
35%
35%
355/8
16%
Xl5%
'
15%
34%
16 3/8
16%
15%
16
16
16%
14%
15
14%
15
14%
15
15
15%
15%
15%
31%
32
32
32%
313/a
32%
32
32%
24
16%
25%
26%
*113/4
12%
*113/4
12%
41%
|v' 41%
413/4
413A
42%
413/4
-42%
42%
42%
42%
42%
42%
42%
42%
42%
*423/4
22%
12 %
XI1%
12%
41
41%
41%
42%
23
'
17%
104
29%
18
105
29%
17%
105
29
18%
.
23%
29%
17%
18
104%
105
105
28%
29
17%
105
283/4
192
192
191
191
191
191
191
*161
163
*161
163
*161
163
*161
*17%
17%
25
25
*34
35
9%
9%
*17%
25%
*34
26
25%
12%
23%
121/4
43
32%
163/a
15%
X32
*11%
23
*23%
*42%
31%
16%
18
18%
*103%
105
18
104%
15%
4,700
12%
423/a
177/s
18%
10,800
1033/8
"7 230
29%
283/4
26%
29
*190%
191%
♦190%
193
163
*161
163
*161
163
*17
17%
17%
17%
26
25%
26%
253/4
26%
343/4
34%
34%
34%
35
9%
9%
9%
93/4
9 3/8
3,000
-
'
77/. 50
;
7.
173%
17%
25%
343/4
93/4
500
103 3/8
253%
9%
6,500
>
v.
'
35
9%
;
43
25
9%
12,700
26%
*
*113/4
191%
29
/
11,000
35
17%
4,500
16%
25%
17%
6,000
5,600
<
,
323/4
35
17%
6,500
-
1
*21%
34%
i-
3,800
17%
25%
«
/
'
500
;
2,500
'
600
.
9%
40,100
73
73
72%
72%
723/4
73%
73%
733/4
73
73%
73
73%
2,100
16%
16%
16%
16%
16%
16%
16%
16%
16%
17%
17
173/s
-11,100
29
29%
99%
29
29
29%
29%
293/8
29%
29 %
QQ
99%
98%
♦Id3/,
99%
995/8
99%
*100%
18
101%
18
11%
17%
*36%
11%
100%
18
11%
*29
100%
18
98 3/4
1013/4
173/4
11%
17%
17%
17%
37
37
38
11%
173/8
*38
*104
106
*104
105%
*75
77
*75
76%
IO43/4
*75
29%
99%
1013/4
173/4
11%
,99
*101
17%
*11%
99%
103
18
113/4
•
,
X173/4
113/g
103
*102
18
17%
17%
11%
113/8
17%
17%
173/s
17%
173/a
17%
39%
39%
40
40
39%
303/4
*1043/4
*75
106
77
*1043/4
*75
-
106
106
*75
V
108%
*108
109%
*107
109%
*107
109%
*107
109%
*107
108%
*107%
108%
*1073/4
108%
*107%
108%
*1073/8
108%
*1073/8
108%
For footnotes see page
2239.
30
"40
109%
108%
;
•
150
preferred
—
Tea
Co
45
26% May
2
16% Mar 27
9% Mar 2G
11% Mar 21
13% Jart
24
23% Mar 26
Jan
5
7
Mar 15
35% Jan 23
20 Va Jan
5
25
May 18
13% May 15
14% May 15
17% May 18
26
May
9
20%
Dec
18
Dec
19%
Dec
9
Jan
13% July
13% July
10% Nov
9% Jan
20% May
165
Mar
18
Feb
13% Jan
23% May 2
16% Mar 13
31% Apr
35% Feb
20
26
16% May 18
15% Apr 24
xlO
Jan
24% Jan
x32% May 18
20% Jan
12% Mar
13
21% Jan
22
11% May
5
35% Jan
22
192
Apr
26% Feb
28
12% Mar 14
43% May
37
Jan
2
43
13
Jan
4
19% May
102
Jan
5
24
Jan
2
177% Jan
5
4
106% May
29% May
192
May
163
May
155
Apr
Feb
28
10% Jan
4
18
2
27 % Feb
21
Jan
33
^Jan
Apr
Sep
Dec
Dec
Dec
21'
Dec
17%
Apr
34
Dec
23%
Aug
1%
Feb
14%
Dec
19%
Jan
25%
13% Jan
24%
11%
12
xl
Jan
30% Feb
26
Jan
9
Feb
87% Jan
Dec
Dec
Mar
37% May
37
Dec
14% July
104%
Dec
19
181
Dec
Jan
159
Dec
16
20
Feb
141
Feb
Jan
164
Dec
17% Apr
% Apr
28
25% Jun.
22% July
23
Jun
34
Jun
37
Feb
15
2
10
Apr
23
Apr
6
75
May
Jan
^
15
6
18% Feb
4
28
57% Feb
11% Feb
33 % Mar 16
24% Nov
99% May 14
Mar 16.
79% Feb
95
Dec.
83% Jan
98 %
Dec
27% Jan
2
92% Jan
15
100
97% Jan 17
104
10% Jan
3
22% Mar
6
10% Jan
3
12% Feb
24
18% Aor
18
15% Mar 26
30
Jan
22
103
Feb
6
66
Jan
4
78
Apr
23
Apr
3
110
Jan
105% Jan
4
108% Apr
107
8% Jan
15%
24%
181
4
7% Jan
65
'
25
7
17% July
41% Dec
137/8 Jan
24
182
-40
10
Co—————10
No pai
Nehi Corp
.—
No pai
Neisner Bros Inc——-——1
4%% conv serial preferred—100
Newberry Co (J J)—.—-■—No par
5% preferred series A———100
New Jersey Pr & Lt Co 4% pfd_100
Natomas
77
108
$2 conv
5%% prior conv preferred
prior preferred
6%
National
106
77
"■
2,700
4,800
1,500
Louis
preferred B—;
—
100
National Linen Service Corp—1
Nat Mall & St'l Cast Co
No par
National Oil Products Co—-——4
National Power & Lt
No par
National Steel Corp:
-25
National Supply (The) Pa—
10
2,500
•
Corp——.
& St.
Co—.—
6%
p
-
11%
17%
77
1,230
V: 70
99%
40
1043/4
1,200
29%
103
Acme
—
■
25%
Chatt
Nashville
20,500
12
—3
100
1
National Airlines
—1
Nat Automotive Fibres Inc—-.
1
6% conv preferred
10
National Aviation Corp
—5
National Biscuit Co———•—-10
7% preferred108
Nat Bond & Share Corp—No par
National Can Corp
-10
Nat Cash Register
—No par
National Container—.
—1
National Cylinder G as Co
1
Nat Dairy Products
No par
National Dept Stores
No par
6% preferred—
—
10
Nat Distillers Products
No par
Nat Enam & Stamping—
No par
National Gypsum Co
—1
$4.50 conv preferred—
No par
National Lead Co——
10
7% preferred A—
—
100
Nash-Kelvinator
290
20 s/s
,
40
May 17
108% Mar 12
5%
Feb
7%
Dec
70
July
17% July
30% Mar
5% Jan
11% Nov
9
11 Va July
Mar
13 7/«
Jan
22
Jan
32 Va
96% Jan
105%
56
18% July
Dec
Oct
Jan
68
NOV
26
106% Pec
110
Jan
28
104
106
Deo
Dec
LOW
t
36
17 %
35%
23%
24
Xl6%
17%
♦47
X48
25 •%
*56
*46
50
182
182
:
23%
55
55 Va
10%
*109 Vs
109
24
24 %
55
55 %
1,600
56%
56%
10%
10%
10%
10%
28%
61,700
*112%
113
28%
34
34%
48%
.
par
17
Jan
2
No par
41
Mar 26
50
162
Mar 26
185
1
5
34%
35%
48%
49
9
219
Jan
Jan
Northwest
5,400
r 60
9,300
34%
35 Va
34%.
35%
48%
48%
48 Va
48%
8%
8%
8%
8%
52%
52%
52%
*52%
52%
13%
13%
13%
*13%
14
500
109
200
Ohio
Edison
12,900
Ohio
52%
51
51
14
13%
13%
13%
13%
♦107%
109
*107%
108%
107%
107%
18%
18%
18 Va
18%
13%
Jan
198%
Jun
14% Jan
23%
Dec
21
33%
Jan
47%
May 14
193%
Jan
218
Dec
Mar
2
116%
Jun
122%
Dec
24% Apr
58% Feb
19%
Dec
23
44% Feb
2
129
Sep
15%
Jan
6
52
Jan
56
Oct.
56
Mar
6
51%
Jun
54%
Dec
20
11% Mar
1
7%
Jun
11%
Oct
110
9
31
May 12
28% May 17
3
35 % Mar
46
—
52
Jan
Dec
Jan
22%
Dec
Jan
115%
Apr
Jan
31%
Dec
17%
50%
Dec
37%
Feb
4%
Jan
10
40%
Jan
53
Oct
14% Feb
19
12% May
16
Jan
109
Dec
2
9
17
54
12% Jan
11
106
Jan
112
May 17
11
Mar
50
Preferred
1
100
xl3%
Jan
Apr
6% Jan
Telegraph
Norwalk Tire & Rubber——
17
116% Mar
4
26% Mar 27
Oil Co
*51
*13%
Northwestern
Dec
16
1121/4 May
pfd.
Norwich Pharmacal Co
*51
52%
*51
:,V
9
Jan
9% Jan
Airlines
34%
30%
Dec
18% July
44% Dec
Jan
53% Jan
17% Jan
49%
8
11%
53% Jan
105'A Jan
Pow $5
29%
,.-24% Jan
7 y
26
Dec
118
124
8
19% Jan
1
240
2
121
100
100
pfd
Apr
8
May
7
24% Mar 14
20
Northern Pacific Ry
380
8%
37% Jan
23% May
19% May 14
10
34%
48%
2
28
Dec
35%
Jan
Ry
non-cum
7%
34 %
48
62
28% Jan
135% Apr
39% Jan
Aug
23%
Jan
23
Dec
Dec
50%
Jan
103% Jan
Dec
July
109
Apr
15%
60
*48%
33%
35%
51% Feb
Mar 22
19%
Co
Western
Northern States
90
113
*112%
113
Jan
62% Apr
Northern Central Ry Co
60
*109%
28%
27%
Jan
97
27 % Apr
American Aviation
North
13
110% Apr
22
preferred series
5%% preferred series-
17,200
*109%
28
113
56%
*56
18% Jan
9
22
6%
200
22
Jan
North American Co
20,600
55
,10%
27%
113
*112%
112%
24%
18%
32
preferred
Harlem RR
&
22
21% Jan
SLlpbldg Corp part stk.
Adjust 4%
Apr
No par
Norfolk
122
Apr
16%
45
—No
910
237%
236%
*121
27%
9
par
Noblitt-Sparks Industries
55
/
*109%
27%
238%
Jan
28
100
700
23%
56%
10%
•
26%
27%
43
56
*56
10%
10%
43
N Y
1,900
23%
*55
56%
*56
56 %
43%
43%
16% Jan
May
100
Dock
non-cum
39% Feb
25
No par
Omnibus Corp
York
N Y &
40
236%
122
23%
23%
55%
New
50
180
19%
122
N Y City
22
25
Highest
X per share
35
No
Brake
Central
preferred series A
$5
19%
*121
6%
^//yoo
19%
43%
237 %
*121
122
*121
23%
8
43%
237%
238
*46
180
V
•
19%
19%
19%
43%
43%
X238
122
112%
8
23
York
N Y Chic & St. Louis Co
3,300
34%
*21%
50
48
*7%
*34%
23
34%
183
10%
113%
*112%
34%
*46
19%
1,800
*21%
34%
*21%
23
128
Xork Air
New
1,700
Jan
109
No par
I per share
X per share
share
1944
Lowest
Highest
'■<
18% Jan
33
10
—1
_
eferred
New
60,900
127
127%
$5 conv pi
1,400
26%
58
23
33%
33%
♦180
26%
27%
127
127
127
127
47%
25%
58
47%
X per
Par
Newport News Ship & Dry Dock—1
100
58
Lowest
Ill
'
Year
Range Since January 1
»
Newmont Mining Corp
Newport Industries
3,600
26%
57%
19%
43%
109
110
26%
17%
110%
47%
25%
58%
50
*56
10'A
10%
110
47
26%
58
185
23%
56%
48
25%
*46
*55
56
17
110%
47%
*180
240
*121
23%
23
*55%
*109
*109
17
16%
16%
111
47%
*21
19%
43%
122
*121
16%
*109
50
238%
239
3,100
185
'
19%
44%
*43
700
23%
58
33%
22
*46
19%
238
33%
♦180
190"
19%
36%
23%
25%
127
127%
22
50
♦46
♦183
36%
24%
■
33%
23
♦22
35%
23%
57%
-
127%
34
♦33%
35%
46%
58
127%
126 %
36
24
110
STOCK
YORK
EXCHANGE
.1
24
25%
26
56%
56%;
25%
57%
NEW
Shares
X per share
snare
for
35%
17
16%
48
48
25 %
X per
9 per snare
the Week
35%
110
110
May 1.7
May 16
Sales
May 38
23%
23%
17
*109
110 Va
♦109
Friday
Thursday
Wednesday
per share
*35
35%
24
24
x
share
per
Range for Previous
STOCKS
SALE PRICES
HIGH
May 15
May 14
t per share
*35 Va
AND
T-esday
Monday
Saturday
May 12
Monday, May 21, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2236
3
./
7
July
O
18%
18%
111
111
113%
15 Va
113%
16%
26%
27
14%
14%
113%
114%
;
14%
290
17%
:1,100
17
16%
16%
17
17
27
27
27%
27%
28
161%
163
78
161%
*161% 163
165
76
77
*75
65
65%
64%
65
*143/4
15%
15
15
15
15%
*13'A
14
K
Outboard Marine
100
*23
24%
*23
24%
*75
78
*75
77
65
65
Jan
4
13% Jan
23% Jan
22
66
66%
68%
66%
2,000
15
15%
153/8
15%
800
Pacific Amer Fisheries Inc
13%
13%
*13%
110
Pacific
/ *53%
54%
220
1st
10
Outlet
Glass
5
104%
Nov
15%
•
Sep
20 Vs Mar
28%
Oct
Dec
108%
Oct
Apr
11% July
108
Dec
23% Nov
105
8%
99% Aug
115% Feb
28
17% Apr
28
16
18
Apr
Apr 26
147
May
28% Feb
163
30
24% Apr
8%
14%
Jan
Dec
24% Aug
157
Sep
25
par
74
Feb
7
79
Mar
5
64
Jan
75%
Dec
12.50
4 58
Jan
2
69% Apr
3
55%
Feb
64
Jun
13% Jan
2
10%
Jan
No
Co—
Owens-Illinois
16% Mar
26
22% Jan
8
113% Mar 14
2
Jan
155
2.50
& Mfg
24%
;/
28
2
107
preferred-—100
8%
76
*23
24%
*23
*75
3
11% J an
No par
Otis Elevator
7
20% Feb
30% May
24
106% Jan
conv
111% Mar
12
Mar 27
24% Jan
(The)
6
preferred A——100
Oppenheim Collins
10
8%
10
*161%
17
No par
Omnibus Corp
6,700
*161%
107% Jan
100
pfd
No par
convertible preferred—100
4% %
4,500
114%
26%
65
64%
!Sr
16%
78
♦75
420
114%
14%
113%
4.40%
Co
Oliver Corp.
6,900
14%
26%
23%
23%
23%
♦22%
165
*161%
165
♦161%
14%
113%
30
113
*16%
16%
26%
26%
14%
*113
29%
113
26%
16%
♦16
*112
;; 18%
112%
29%
29%
29%
112%
18%
18%
113%
14%
14%
113%
29 Va
112%
112%-
*108
109
18 Va
18%
18 Va
29%
29%
112%
113%
15
14%
29%
112'A
29 Va
29%
29%
♦110
*108
108
108
Co
ap
*52%
■53%
28%
*13%
13%
13%
13%
53
53%
53%
533A
54
54
*28
;
38%
28%
28
28
38%
38%
38%
38%
50'A
*46
130
50%
50%
46%
463A
7%
7%
193/4
7 Va
73/a
19%
*19%
63/4
6%
21%
*14'A
15%
/
6
*64%
1693A
7%
15%
r>
63A
1693/4
80
v
213/8
143/8
143/a
30%
30%
110%
*63
64%
*109
♦109
\
40,200
Packard Motor Car—
50,700
Pan American Airways Corp new
*64
65%
;
*
14%
31
Panhandle
9,200
100
65
.
;V„
: /•<
Parafflne
4%
-
"
293A
■*40%
41%
40%
2%
2%
29%
29%
2%
29%
32'A
32%
25'A
25%
/
71
41%
2%
2 5/a
323/4
32%
25%
25%
*25
83/a
8
21
117
27
*8
20%
;
,
693A
69
118
'
6Va
73%
323/4
33
20%
205/a
v
70
70
120
*69%
21%
121
121%
283/a
•14%
13%
13%
13%
13%
14
14
6 Va
6V4
24
*23
38
38'A
383/a
37%
37%
38
37
38
82
84%
84%
16%
16%
23%
35
♦108
111
*93
29
>
95%
*28'A
23
•
107%
107%
110
70%
*70%
24
*23
6%
*112
*112
,
•
383/4
39
36
1,900
85
16%
*84
16%
85
i
84%
*
17
17
233/a
223/4
23%
22%
23'A
500
60,100
34
343/4
343/4
35 "A
343A
343/4
2,500
111
111
112
*108%
*92%
94
*93
94
*93%
95
*28'A
29
*28 'A
29
28%
29
108
*1073/4
108
*1073/4
108
9 Va
9
9
9
233/e
24 Va
283/a
63
233A
233/4
273/4
28
27%
623/8
62%
613/4
62
62%
25%
255/8
26
25%
28
*273/4
28
273A
121
*119%
121
*119%
38%
37%
383/4
38
109%
109 %
110
110
*1083/8
110%
110%
110%
*15%
*113
17
115
375/8
110%
.
*109%
253/a
38
*113
52%
13
13
29%
29%
5P/4
25%
273A
275/a
*119%
273A
121
38%
110
110%
110%
17
*113
109
110
*16%
52
373/4
383/4
110
110
115
51%
13
26
119%
383/a
110%
115
*113
52
253/4
*16%
16%
115
51%
*113
51%
51%
115
/'A/
26
♦107
108%
*107
*117
135
7%
87%
♦8%
*91
9
92
•18%
19
♦185
29%
500
'
—
115
*113
"
'
A/V;
51%
503A
51
163A
16%
,:
205
15
30
153/8
$oq
J.
-
—
8%:
91
*106%
108
*106%
*117
135
*117
135
7%
86%
8%
8%
8%
■
,
*91
91
205
93
18%
18%
18%
*200
7%
86%
18%
*185
7%
"V
86"
8%
92
18%
7%
7%
88
86%
V
8%
8%
92
19
89%
19
,
*185
202
202
202
7%
7%
7%
7%
7%
7%
9
9'/4
9
9%
9%
*200
7%
9
9%
104
53%
54%
79%
79%
*2°
29%
*187%
*100
54
*100
104
54%
79%
79%
29%
30
;
*187%
16%
*89
16%
91
23%
*27
23%
27%
15%
15%
16V4
*89
78%
78%
30%
*16%
16%
91
*90
98
27
27%
22%
*26
15 %
15%
19%
19%
19%
*19
19'A
• i
'57
59
*57
59
*57
*11011
59%
112
59
19%
59%
llOjf 11012
For footnotes see
19%
page
o%
23%
27%
15%
53%
*78
30%
104
54
16
*89
23%
*26
15%
7%
7%
3,400
88%
92%
3,700
8%"
7%
7%
7%'
5,100
9%
9%
-3,000
*100
,
78%
30%
53
104
53%
X76%
76%
30%
30%
16%
98
16%
*90
*101
104
■-
>
.54%
53%
16
97
95
95.
1
27%
*26%
27%
26%
15%
16
20
26%
16
*58
60
'56%
59%
*56%
60
59
59%
59%
HOjJ 112
♦11012
Chic Ry
5%%
3,200
800
-
3,200
1st ser conv
pfd
Co.
pr
(The)
Creek
&
Pressed
Steel
Car
19%
19%
5%
conv
60
5%
conv
2d
112
*110}| H2
20
5%
&
pfd
Apr
18%
Feb
15
31% AUg
;
23%
Jun
8% July
Jan
15%
Apr
20%
Dec
May 17
51%
Apr
59%
Dec
May 17
'
93% Feb
113
Nov
13 %
Apr
24%
8
9%
Jan
17% July
9
2Jan
Jan
16
6% May
74
.
May
9
26% Mar 19
37%
16
5
Dec
Aug
X70% Nov
Feb
.Mar
18%
112
Dec
18
110% Mar
25% Mar
33%
Dec
Jan
7
29
39% Apr
19
21%
Jan
32
Dec
55
Jan
Apr
39% May
40
Jan
70%
Dec
5%
Jan
17%
Dec
Jan
2
.22%
Dec
26 Va
Dec
38% Apr
24
10%
Jan
•/ 19%
Dec
Apr
20
54%
Jan
96
Dec
100% Apr
23
33%
Jan
65%
May 15
19% Feb 13
26
116
29% Mar 17
108
Mar 22
28
Dec
28% July
23% Mar
105%
Oct
107%
Nov
7
Sep
9%
Jan
3
71
Dec
24% May
5
40%
Apr
Jan
23
29% Mar
1
20%
Feb
26%
J an
25
63% Mar
19
49%
Jun
59%
Dec
May
9
88%
Jan
108%
Dec
May
9
19
May
21%
Jan
2
112
2
26
28% Apr
122
38
112
Apr
119"%
Apr
May
Jan
37
May
8
82
Feb
96
11%
Feb
16%
Mar
Mar
Oct
Oct
July
Oct
6
30
8
6
17% May 18
11
Jan
23
25
Jan
2
107% Jan
3
108% Feb
28
24
8% Jan
30
26%
23% May
117
24%
Apr
17% Jan
55
19
4
113
120
16
Dec
x98
117
Jan
July
Nov
42%
Sep
48% July
9
Apr
14% July
23%
Feb
28
July
105 %
Nov
108
Dec
2
5
Jan
8%
1
61
May 11
•
6% Apr
92%
19
7 Va
Apr
10% Nov
96
Mar
7
68%
Feb
90
20
May
94
85'A Jan 15
15% Jan 31
par
Mar
205
Apr
27
4
9
Feb
19
8% Jan
2
99
Mar 10
103
2
49% Mar 27
68
Feb 20
21
Jan
2
10% Mar
1
11%
Jan
17
Dec
Jan
171
Mar
183
Apr
190
Aug
4%
6%
19
74'A Jan 27
2
Apr
•
9% July
11
82
Sep
100%
Dec
58% Jan
3
45
Sep
61%
Jan
79% Apr
30
73
Dec
32% Apr
23
57% May
11% Jan
175
12% Jan
6% July
Jan
Jan
._
-
Dec
Nov
164 %
5
—
190
Jan
6% Jan
-
Dec
Jan
10% Feb
82 - Feb 26
8% Mar 22
17% Feb _23
95
May 18
8%
69
Nov
22%'Aug
175
Nov
Jan
14%
Oct
May
83%
Nov
25% Apr
30
16%
Sep
19% July
28
27
24
19%
Jan
25
8%
Apr
13 Va
Apr
18%
24% Jan
3
par
12% Jan
8
16% Apr
Apr
Mav
Dec
Dec
1
preferred
16% Jan
22
21 % Apr
27
11%
5
17% Jan
30
20% Apr
27
11% May
18%
Dec
22
63
Apr
27
35% May
55 Va
Dec
Mar 27
60% Feb
20
52% May
59
July
110ft Mar 16
120% Jan
19
121
July
50
Gamble
(ser of Feb 1
Dec
May 10
Jan
2
25
9
xll9% Apr
31% Mar 27
Jan
4
90
6
107% Feb
14% Jan 20
Mar 29
111
2
44% Jan
25
2%
29% May 18
21% Jan
par
4%
Dec
37% July
12
24 % Mar
par
1st preferred
Procter
26%
28
Jan
106%
Dec
V 30
9% Feb
17% Jan
Co Inc
19
*19
3,200
19
109
27% Feb
No
19%
60%
Jan
July
Jan
33% May 17
No
B
19%
13,700
2
61
103
Apr
5
Pocahontas
class
Co
Jan
Dec
Jan
1%
57
par
—1
100
Plymouth Oil Co
Poor
23
Mar 27
5%
Jan
3
25
100
100
100
100
100
class A
Preferred
Pond
6
Jan
23
No par
preferred
6
2%
45
2% Jan
v
6% Aug
Sep
9% Feb
No par
5%
114_% July
12
Jan
11% Mar
Pittsburgh Steel Co
7% preferred class B
109 % Jan
Dec
16
27
2
Pitts Screw & Bolt
19%'iuly
17 %
'
23%
2
100
preferred...
Feb
5
Jan
1
100
Pittsburgh Forgings Co
.7%
Jan
31% May 18
Jan
No par
Pittston
15%
59
preferred
1,200
3.6%
23%
19%
$5 conv
Co—No
3%
~8%
6
45% Mar
>:■
8
100
,.—.100
.
Chemical
&
109% Apr
9%
100
Pittsburgh & West Va
Pitts Young & Ash pfd
23
*19
preferred
Coke
230
23%
19%
6%
1,800
•
23%
15%
Pittsburgh Coal of Pa
Pitts
Mar
1
1
No par
30%
30%
23%
16
790
....
C & St Louis RR
79%
77
*186
*187 %.
Inc
preferred
C
Feb
6% May 11
67% Mar 19
106%
100
.No par
5
Hosiery
Pitts Ft Wayne &
16
9%
20
112
1,100
205
7%
19%
*11012
40
19%
19%
*200
'^9%
59%
1,700
„
.;>
*185
205
19%
60
9
92
*90
lq3/4
59%
2239.
*100
19
$4
9%
-.•
►187%
16%
*19%
59
54
29%
,
23%
19%
104
*187%
23%
Xl5%
...
53%
8%
92
*185
202
7%
;
7%
88
preferred
Pillsbury Mills
Pitts
100
100
No par
Jan
12%
6
31% Apr
Sep
7% July
4%
7
8
113
Dec
17
85
Jan
14%
21%
19%
92%
10
100
Phillips Petroleum
107%
135
3
69
700
3
Phillips Jones Corp
7%
.
No par
Corp
Phoenix
500
108 %
*117
.
'
163
113
25
50
—No
com
4,600
30
30
*107
135
8%
*100
30
108%
♦185
*200
133/4
*28%
30
*117
87
Jan
5
preferred
6,100
17%
*107
7%
7%
87
Mar 26
19
Jan
Philip Morris & Co Ltd
4% preferred
17
*16%
preference
Philco
1103A
*110
$1
1,700
135
"
62
6
No
com
Jan
May 5
112
2
33% Jan
37% Mar 28
30% Jan 18
Apr
Co
4,300
111
108 Va
*117
7%
*123/4
29%
'29%
par
26
of America
Co.
149
May 16
123
59
Jan
2
& Co Inc new—
Electric
Dec
100
5
preferred.
4.4%
50
383/a
38
(Chas)
Phila
1,700
121
110%
$6
10,000
2 75/B
275/a
*119%
Pfizer
123 %
17% Mar
17
Jan
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
300
'
13%
Petroleum Corp
Apr
9
21% May
16
> 63
2nd preferred
Pfeiffer Brewing
1,080
111%
111%
26
110
17
13
111
273/4
110%
■
110%
119%
273/4
*16
62
103/4
111
255/8
121
17
•*15%
513/4
87
Jan
No par
Milk Co
Dec
117%
7% Feb
2
100
oreferred
4%%
11,900
6 2 5/8
Pet
4,300
28
23%
273/4
62
111
40
24
23%
275/a
111
108
*1073/a
28%
23%
27%
1103/4
200
600
233/4
103/4
29
*28
.
42%
Mar
9
106
21% Jan 10
12% Apr 13
Jan
2
A 4
33%c
.
Jan
71
No par
Co
25 %
5
par
100
50
10
5
100
100
Dec
48
170
26
31
26
23
6% Mar 8
18% Jan 22
.No par
Fete Marquette Ry
1,100
273A
11
Pepsi-Cola
5%
9
23%
111
No
preferred—
400
11
27%
613A
Coke Corp
Cement
500
9
24%
1103/4
Corp
Co
5% prior preferred
11
273/a
.
;
112
9 3.'A
9
*103A
KF
•
No par
1
10
Co
Airlines
93%
112
112
112
9
1,400
23
'
343A
9
19,700
85
16%
10%
9
No
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples GLii' Coke (Chic)
Peoria & Eastern Ry Co
2,100
34%
16%
.
5%
36
*103/4
CO
par
10
1
Glass Sand Corp
Penn
200
'
383/4
85
24'A
J'
34%
16%
343A
i»
38%
85
23
'
37
36%
103/4
275/s
Jan
Mar
Jan
Apr
Apr
108% Jan
2.50
$7 conv pref ser A
1,300
24
''
38%
373A
38
*107
72
(J C)
Penn-Dixie
5,200
383/4
37%
23%
/
6 Va
38%
233A
>-*
56
No par
Coal &
Penn
500
"
38%
38%
37%
107 %
Penn-Central
14
*112
:
103/4
255/a
No
Dec
35%
Jan
130% May
4% Mar 20
Mines—-1
Enterprises
Ford
&
Penney
383/a
38'A
4
— —
29
107%
Penick
2,000
24
24
92%
*28'A
600
9,400
72
71%
'
8%
623/8
5%
16%
13%
29%
108%
32% Jan 22
2% Jan 24
29% Feb
1
' 21% Jan
5
Co
Patino Mines &
6,300
6
'
10%
111
ft
29%
*13%
8%
615/8
Davis
25%
Jan
7% Jan
27% Mar 26
Parmelee Transportation.
Jan
22% Mar
1
Consolidated
Utah
120'A
29
14
10%
1103/4
,.
100
Inc
17%
8
ex-privilege—1
Pictures
Parker Rust Proof Co„
2,900
71%
*70
120 Va
283/4
5%
38 Va
*37
110
92%
.
6Va
37%
35'A
*
35'A
.
—Jr.;
*16
35
-
par
preferred
conv
Parke
.<5,000
8
39%
3
'
84
17%
23 Va
2%
5
—No
Park
21%
21%
123
*13%
70
6'A
24;
*112
"
.; ■
53/4
73%
*23
'//••
>
24
6%
: 71'A
74
73%
v
38
81%
;
?.•::■■
3
30
Mar
6
1
Inc
5,900
f:.
No par
Transp
Ref.
&
Park & Tilford Inc
500
83/a
71
28'A
119
118
*112
*16 3A
Cos
Paramount
34,800
24%
8%
21%
71
70
122%
27%
383/«
■
33%;:
x24s/a
8%
21%
27 %
♦112
*37
25/a
33
333/8
Prod.
1,800
25%
8%
27
37%
/
42
2%
2®/a
*25
8%
27'A
25
A- 42
42%
323/4
25%
>
263/4
74
*22
31%
31%
2%
6'A
*13%
*
23/g
413/a
8%
20%
26%
♦
42%
2%
40%
32%
*8%
*116%
*69
41%
41
25%
32%
*25
203A
203A
303A
'
'A
Jan
48% May 17
3
3
'
8%
8'A
30%
30 Va
30%
293/a
...
2%
•
&
Pipe Line—
preferred A————100
5.60%
220
Apr
48%
8%
24
52% Apr
16% Jan
'
Panhandle East
14,500
6
Petrol
Pan-Amer
300
110%
*109
♦109
— —
6%
21%
■
.14%
5%
*63 Va
65%
Pacific Western Oil Corp
♦110
53A
v.'
Pacific Tin Conaol'd Corp
200
•
.
121% Jan
160% Jan
1
10
6,500
'
303A
110%
6
100
100
...
—
Mar
32% Apr
38% May
2
48
Jan
3
38% Mar 27
v
par
& Teleg
Telep
preferred-.
7%
21 Va'
•
303/4
110%
5%
6%
19 "Vs
63/4
6%
20%
30%
;
6
: 64%
6%
15%
110%
30%
1103/4
/
Pacific
&
7%
20
213/4
21
303/a
65
220
Gas
*193/8
7%
7%
*193/8
*14%
1103/a
5%
73/a
20%
6aA
6%
6%
130 %
1693A
130
1693A
143/a
*109
♦109
129%
170
30%
*64%
65%
130
21%
m:
No
34% Jan
No par
Mills
*129%
130
169%
1103/a
.6
6 Va
Lighting Corp
48
*19%
25
Electric
Pacific
51%
473/4
Sep
13
Sep
17
17
_
4,000
51%
48%
14%
Jan
39
7
15% Mar
60
Co
Pacific
51%
15% May
11% Jan 20
45% Mar 9
24
Jan 24
Coast
Pacific
51%
20
2nd
230
8
10
preferred non-cum
No par
preferred non-cum—No par
5,700
v'/ 900
47%
6%
*143/8
110
110%
V
38%
51
143/a
30%
30%
30'A
*110
.
29
47%
20%
6%
203A
/'
38%
,
503A
21%;
63A
20%
38%
47%
7%
7%
19%
A.
193/4
29
129%
*169%
170
28%
38
170
129%
129 %
129%
*169%
169%
38%
51
46%
130
*169
*28
28%:;
38%
*273/4
A
133/4
54%
54
47%
*50%
47
50 %
0
133/4
*13%
28'A
38%
15%
15%
No
'29^
par
100
50% Jan
55
116
Mar
Volume
161
Number 4387
THE COMMERCIAL & FINANCIAL
CHRONICLE
LOW AND
Saturday
Monday
May 12
May 14
9
per
share
19%
20%
S
*.
HIGH
per share
9 per share
19%
20%
19%
Xl07%
108%
108%
114%
114%
xI14%
114%
123
123%
X123
123%
138
X135
135 %
137%
"115%
116
52%
116
52%
52
19%
xl9%
113%
*111%
*106%
107
*26%
20
114%
114%
123 %
135
135%
133%
*115%
116%
51%
Pub Serv Corp of N J
20,500
108%
114%
114%
114%
123%
122
123%
490
7%
134%
133
130
132%
950
8%
116%
*115%
116
52%
19%
19%
113
107
*106%
107
25%
5116%
116%
120
52%
53%
19%
19%
19%
13,300
31,800
113
111%
111%
107
107
107
107
25%
26
No
preferred
Jan
2
par
106% Jan
30
110
Jan
4
no
Jan
* 4
121% Jan
3
*
53%
'111%
26%
17
100
preferred
6%
780
I per share
100
preferred
132%
19%
9 per share
No par
$5 preferred
1,340
5
26%
Pub Ser El <& Gas
No par
No par
Pure
No
par
No
par
OH
(The;
6%
preferred
5%
100
400
26%
pfd $5
Pullman Inc
*
conv
115% Apr 26
47% Jan 22
17
Jan
24
123
May
138% May
13%
18%
Jan
109%
Oct
113 %
Nov
3
113%
Jan
122 y4
Dec
113% Nov
119%
Jan
20
30
37%
7
14%
109%
Mar
115% Apr
9
108% Jan
6
27
Dec
Jan
111% Mar 26
4
Dec
Jan
96
104 %
106
2
18%
3
100
May
23% Jan
I per share
Jan
87%
54% Apr
21
Highest
I per share
21% Apr 17
114% May 11
123% May
9
118
1944
Lowest
100
preferred
Purity Bakeries Corp
2,500
Year
Highest
100
107
114
51%
25%
21%
123%
*111%
25%
Range Since January 1
Lowest
Par
123 %
19%
107
20%
Range for Previous
STOCK
Shares
114%
113%
26%
share
YORK
EXCHANGE
109
19%
106%
20%
per
NEW
52%
116%
52%
I
for
the Week
108%
*111%
106%
20
Sales
May 18
9 per share
109
123%
Friday
May 17
20%
108%
19%
X25%
26%
20%
122%
113
STOCKS
Thursday
share
109
52%
19%
* per
114%
116 %
*111%
PRICES
Wednesday
May 16
May 15
109
103 %
SALE
Tuesday
2237
Feb
8
Feb
Jan
52l/e July
Sep '
18
Jan
Mar
115y4
Nov
108 Ys
Dec
19%
Jan
24%
Oct
12%
,
Jan
16% Aug
103
Jan
v
,...
16%
7
Q
16%
16%
16%
*16%
16%
16%
16%
16%
16%
16%
*16%
1,000
Quaker
State
Oil
Ref
Corp
It
15% Jan
22
18
Feb
16
R
11%
12%
85%
85 %
8%
8%
94%
94%
*37%
11%
94%
17%
17%
36%
12
12%
12
12%
12Va
12%
85%
85%
86
86%
86
86
8%
8%
8%
94%
95
39
39
39
18
18%
24%
44%
12%
13
22
—
72%
22 %
;
27%
22%
27%
*27'A
27%
27%
102%
101%
101%
25%
25%
25%
9%
8%
25
22%
111
22
22%
*109
*105%
106%
106%
18%
14%
19%
18%
19
102%
*102%
18%
18%
*18%
18%
33%
34%
34
35
39%
39%
39%
33%
33%
39%
18%
18%
12
12 %
23
23
22%
A 7%
-■■■:>
34%
19
7%
19
12
■;
12%
23%
23%;
*7%
18%
8
42
22%
22%
*37%
38
37%
37%
20%
20%
42%
43
43%
22%
22 %
22
111%
111
111%
9% A
57%
9%
9%
57%
*108
*47%
57%
*108
49
21%
109
*47%
49
*47%
111%
*108%
111
*108%
110%
*110
111%
*110
*23%
7%
23%
7%
*23%
7%
105%
105%
105%
21%
21%
*110
21%
114
8%
93%
13
*71%
15%
*64%
8%
13
95
13
74
23%
21%
*93%
13%
*71%
13
74
74
95
A75 AA?
A
400
20%
20%:
20%
21%
17,900
44%
22%
A
45
45%
22%
112
10%
47%
48
*107
111
23%
23%
7%
107
AA-
8%
110
95
95
13
*109%
20%
13%
75
75
15%
15%
64
27%
27%
27%
27%
6%
6'/a
6'%
38%
16%
39
38%
*33%
35
*33%
16%
50
<A;
16%
16%
49
49%
16%
24
*23%
16%
48%
38%,
49
27%
6Va
6
*16%
38%
35
16%
16%
16%
49
48%
49
16%
16%
16%
49
16%
*22%
24
16
87% Jan
2
_1
*22%
24
Corp
Paper Co
Sheaffer
100
pref
(W A)
No
99% Mar
112% Feb
Pen Co—
30 %
44%
Smith
1,400
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc
15
163
30%
19%
19%
19%
19%
19%
19%
1,100
44%
45%
45%
46%
45%
45%
22,400
44
45%
43%
44%
43 %
44
44
44%
43%
45 Va
*76
77%
x74 %
74%
75
75
75%
75%
75
76
76 Va
*82
86
*83 %
86%
*83%
86%
85
*83%
*86
88
37%
37%
29
16%
15
7%
13
15
15
7%
7%
14
13%
15
7% 'A
14
♦83%
14%
15
7%
7%
*13%
14%
14%
:
'5,500
14%
7%
:AA
7%
13%
: v.
13%
88
*86 Va
38
38
38%
38%
X38 %
38%
33%
38%
600
28%
28%
28%
29%
29%
29 Va
29 Va
29%
6,000
61
64%
64%
68
71
69
69%
67
68
1,800
55
*54%
*54%
55
54%
55
16%
17
16%
16%
16%
16%
California
Edison
106%
Dec
Feb
24% July
113% Mar 17
10% Feb
14
23% Mar
95,.
7
May 16
14% Jan
5
8
Dec
13
May
18% July
Jan
78% July
14% Mar
63%
11%
Sep
72
Jan
9
,
Dec
15%
Oct
61 »A
Dec
28% May
20%
Sep
28%
Apr
26
76'A
Oct
17
3
41% Apr 23
X35% May 18
24%
Apr
35 y2
Sep
23
Apr
31%
Dec
8% Jan
17% Mar
Mar 26
22
8
7%
May
Dec
Dec
77
Feb
Feb
54 y4
Dec
Jan
3
35
Mar
7
23
Apr
31%
Dec
2
12
Jan
14% July
4% Jan
3
17% Apr 24
5% Feb
1
21
155
17
Jan
5% July
20 Ve
Dec
21%
28%
Jan
45 Va
Apr 20
165
Jan
64% Jan
80% Jan
11% Jan
Mar 12
141
Jan
162
Dec
Dec
Dec
22%
Apr
26%
Oct
13%
Jan
17%
Aug
23%
Jan
43 y8
Dec
20
Jan
34%
Dec
40%
Jan
69
Dec
8
54
Jan
82%
Dec
9
12
Nov
13%
8% Feb
7
4% Jan
7% Aug
15% Mar
24
25
25
May
15% May
5
1
9
47% Apr
80'A Apr
22
100
Jan
30% May 3
20% Apr 18
46% Apr 24
2
20
38% Jaji 31
32% Jan 22
Railway
No par
preferred———100
3%
23% Mar 19
46
26% Jan
7.50
No par
29%
4
Mar 26
40% Apr
non-cum
88
*86%
55
16%
88
*86 Va
88
■
—-
*54%
54%
16%
$5.51
-
Ohio
stk
tr
ctfs
No par
1
5Va
Jan
9
Jun
preferred
Spencer Kellogg & Sons
14,500
77% Jan
No par
No par
80
87% Apr
2
55
Feb
75
Dec
8
28
May
35
Dec
7
22% May
29% Nov
36%
Jan
48
Sep
Jan
13%
Dec
24
38% May
31% Mar
No par
47% Jan
12
71
May 16
54 % May 17
56
May
2
12% Mar 27
17 Vi May
7
par
76% Jan
9
93% May
1
37% Jan
10
32
2
89%
89%
89%
88 %
89%
88%
89%
89
89%
89
89
450
43
42%
42%
*42%
43%
43%
43%
43%
43%
42%
43%
900
Square D Co
*113
115
600
5% conv preferred
Squibb (E R) & Sons
$4.50
preferred
Dec
25
27%/Jan
Iuc
Conv
Feb
2
1
$2 preference series "A"—No par
Spiegel
89
6% Mar 27
1
Sperry Corp (The)
Splcer Mfg Co
100
16%
&
43
*89%
Feb
16%
Jan
May
13% Jan
25
Gas Co
Spear & Co
1,100
28%
16%
Dec
84
110% May 18
22% May
7
110
Jan
48% Jan
100
Spalding (A G) & Bros Inc
A bparks Wlthlngton
8,700
38%
*54%
16%
5%
Mobile
•
61
55
Southern
A
A
88
*86%
8%
Jan
48%.
30
Sugar—_No par
Southern Pacific Co
1,300
•
28%
,
Greyhound Lines
Southern Natural
•'
10,500
76%
85
*37%
60 Va
*54%
7%
13
25 y2
Jan
'
86%
*86%
29%
60%
15%
7%
13
44%
10
preferred
Southern
1,800
19
44%
(A O) Corp
8%
60
19
15
Sep
2%
26
No par
1,400
44%
7%
20%
8
Jan
19%
13
108
19
Jun
44%
14%
17
Feb
8% Jan
Nov
23%
19%
7%
Jan
28
115
Jan
44%
14%
111
Feb
22
19%
*12
109
18
45
44 Va
Dec
23% Jan
43%
*83%
Nov
Jan
15
1
30%
45 y8
9 Va
5% Mar 21*
5
30%
Dec
37% Mar
48% May
7
113% Jan 29
1
preferred
5,900
30%
109 y2
22% Mar
$1.20
South Am Gold & Platinum
30
39%
Jan
Jan
Southeastern
30%
Dec
Jan
Sep
18 y4
South Porto Rico
30%
9V4
7
30
105
16
2,400
30
23
Dec
Dec
42%
4,000
,
Feb
38 y8
115%
Jan
Feb
4%
30
11% May 18
60% May
5
111
27% May
110%
Apr
22%
30%
9
Feb
Sep
4%
30%
46% May 5
23% Apr 17
115% Mar
23
10%
22%
*19
Jan
Jun
13%
22%
♦162%
14%
21% May 18
9
24'A July
34% July
35
4%
163
Jan
7
22%
♦162%
Apr
Jan
25
7
7
56,500
163
5%
17%
39
Oct
11% July
Dec
17%
78% Mar 10
25% Mar 27
20
16'A
163
1
19 y8
Feb
Jan
6
Iron
34
163
Jan
8%
19% Mar
&
68
*162%
13
13
54% Mar
Steel
66 Va
163
35% July
39% Nov
2
Corp
Skeily Oil Co
Sloss-Sheffield
16 Va
163
May
59% Apr
'
33%
162%
15% July
Jan
36
2
2,200
Oil
16%
4%
*162%
Jan
28
25% May 18
Feb
Dec
15% Jan
26,500
2,300
17%
24
44%
8%
100
41% Jan
49%
Sinclair
33%
44%
Apr
No par
15
16%
67%
42%
Jan
2
16
5
Dec
10
85 y2
2
33%
22%
Dec
16 «A
Jan
30% Feb
67
43
88
63
32% Jan
16 Va
4%'
12'A July
16% May 18
67% Jan
3
May 15
13% Jan 23
5
66%
22%
Jan
No par
33%
42%
Dec
6%
No par
66%
22%
Dec
102%
Simonds Saw & Steel
*32%
42%
8% Mar
July
105
Jan
Silver King Coalition Mines
Simmons Co
16%
4%
3
1
21%
Jun
87
74
-15
33%
42%
Jan
May
Apr
Aug
8,100
3,700
AA--AA 200
Union Oil
66%
22%
15
16
99%
6
Apr 23
39% Jan
Dec
99% Nov
Shell
16
4%
22
12% Mar 27
par
66
22%
15
8% May 11
No par
No par
32%
42%
9
17% Mar 26
No par
ser A
16%
42%
8
21% Mar
35
8
78
66%
x22 %
Mar
No par
32%
23%
23
16% Jan
16
42%
4
1
(Frank G)
2
Jan
No par
,
32%
22%
13
7
No par
Gas
66
42%
Mar
23%
Apr
16
Dec
3,700
6
*22%
&
Corp
preferred
conv
23
111% May 16
108% May 1
23% Jan
3
1
Steel
$3.50
Jan
.May 14
X42% Feb
No par
Inc
Shattuck
37
3
Sharpe & Dohme—
400
22
8% Mar 27
No par
No par
Corp
Mar 26
38'A Jan
No par
No par
preferred
$5 conv
8,600
39%
•
16% Mar 27
106
100
16%
.
2
111
3%
_±
$4.50 preferred
4,300
35 Va
16%
Corp—
66
4%
2
5
Distillers
preferred
Sears Roebuck & Co
210
16 Va
,v
Arms
32
4%
14% Jan
31% Jan
37% Mar 13
21% Apr
5
,100
—
.
16%
5
106
"
18% Jan
10
new
preferred-
32
4%
2
33
par
I
Joseph Lead
Shamrock Oil
38%
49
_No
66
16
5
Jan
15% Jan
8%
23
10
(The)
Sharon
X35 Va
AA'7
Apr
7 19% Apr
Co
2,400
27%
18
22
2,000
64
1
6
6% Jan
8%
16%
_10
Mar
7
Servel
113
75
—10
24
110% May 14
110 % May 18
106% May 14
22% May 18
98
14 7A Apr
x83% Mar
28
Seagrave
■
13%
13
5%
35
16%
24
11% Jan
100
$4 preferred
Seaboard Oil Co of Del
6,600
27%
39%
35 Va
16%
*23
4
22
30
13% Feb
$4.50
13,600
64
6Va
33%
AA
16%
24
3
102% Jan
Jan
27% May
1
9% May 18
20% Feb
Bcott
20
22%
16
27%
38%
16%
8% May 15
102
24
5% %
800
96
*74%
,64
*34%
35
Dec
2
Schenley
2,100
:
16%
64
...
24
2
21%
*95
75
15%
■
7%
8%
21
A
;
v.<
.
110%
22 Va
8%
20%
64
39
Feb
16% Jan
Savage
•
/A-" 'AA; £0
24'A
24
■':
114
*109%
15%
35
18
22
29% Apr 18
28% May 18
10% Jan
5%
600
'
110%
7%
22%
65
38%
3
5
Co
Safeway Stores
100
113
110%
109%
22
15%
*33%
22% Jan
No par
St
36,200
8,000
s
47%
*110
7%
HVa
109
47%
'
113
A!
Nov
3
Rustless Iron & Steel Corp
5,500
57%
56%
108
Mfg
Ruberold
A» 7,784
;
160
111%
111
10% '<10%
57 Va
56%
108
45%
<22%
22%
112
111
28
18
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
7,900
38%
*110
"
Feb
No par
Richfield Oil Corp
1,200
25%
64%
■
Dec
11%
—100
;—;
Dec
23 % May 15
19% Jan
Tob class B
Dec
5%
9
15% Jan
100
Dec
Dec
36%
85 y4
22% Jan
No par
21%
42 y4
Jan
Jan
104"% Jan
A
Jan
Jan
27%
50%
-1
ser
15%
32%
2
99% Jan
Ritter
900
8 Va
8
Rheem
6,000
38%
13%
27%
Jan
Dec
13
100
Common
1,600
A
;
A'
23%
15%
6
19 Va
23%
63%
A
(R J)
38%
95
75 A
17
Dec
July
155
No par
Spring
Reynolds
80
38%
15%
6
Reynolds
11,300
23%
i
63%
V'
1,200
34%
8%
15%
.
82% Jan
33%
Jan
1
preferred
conv
39%
8%
8%
'A 13%
13
5%%
34%
19
21%
95
2
Dec
Jan
25
Copper & Brass
preferred
Reynolds Metals Co
120
12%
8%
70% Apr
July
10% July
107% Jan
90
1
prior pfd
conv
*39 Va
:
19
22%
21
17
Inc
Revere
11,100
23%
114
22
10
5%%
22%
19
11'A Jan
-
39%
107%
22%
21%
19
29% Mar 19
49% May 14
116% Apr
No par
Mfg Co
Motors,
6%
400
104%
104
12 Va
23%
7%
*109%
8%
:A
16%
Corp
Republic Steel Corp
6% conv preferred
AA\,:A 400
13,500
106
20%
:■>-
A
34%
112
107
22
*8%
*21
20%
104 Va
19
111
114
*110
106
15
106
Stores
24
44% May
5
15% May 18
130
May 18
100
Republic Aviation Corp
10
110%
23%
48%
23%
*7%
7%
33,100
12%
10%
111%
106%
9%
112
5
5
1st pfd
Preferred with warrants
Reo
Mar
Feb
100
& Co
Remington-Rand
200
5,100
27,600
110%
15%
AA
Reliable
7,700
?
Hosiery
(Robt)
Reliance
26
preferred
Preferred
2,900
23%
22%
*110%
Silk
Reis
70
28%
8%
,
30
101
25%
23%
58
*109
24
7%
106
28%
22%
Real
27%
101
25%
65
6%
16%
21%
*93%
27%
*49%
8%
A
21
93%
*6%
*23
114
8%
21%
27%
16
21%
*110
'
*21
23%
7%
106
*27
110
18%
109
•47%
111%
23
27%
Reading Company—
5,900
130
12%
44%
57%
111
*108%
23
39'A
38%
9%
*110
23
8,500*
72%
34%
23%
*108
48%
72
23%
22 %
..;
130
72
19%
111%
57%
126
110
a'.
22%
109
15%
19
111%
10
56%
*108
31
14%
14%
22%
9%
' J"
36% Jan
14 %
9
V
21
43%
30
19 % Jan
106
111%
111
9%
56%
109%
44 Ay
43%
22%
*111%
23
2
43
112
19
20%
23
Mar 26
50
23>A
*37%
20%
34%
15
16
50
3%
x20
18
Feb
34% Jan
34% Jan
50
104
8
Feb
1
2nd
12%
38
22%
;
35
12
Jan
12 y4
28
par
25
,
1st preferred
8%
39%
*23'A
28'A
37% Apr
No
Inc
preferred
non-cum
18%
*38%
$2
non-cum
105%
18%
39% May
7
19% Feb 20
Raybestos Manhattan
Rayonler
2
4%
22%
*110%
19%
105
18%
20%
20%
.
24
104
18%
12%
*23
22%
104
18%
12%
7>V
7%
*37
•.
*38
19
*7%
104
Jan
Jan
4 %
V
;
106
19%
102 %
*38%
9
22%
106
85 ya
91
900
25 Va
*27
15
106%
20
100
400
25%
no
*106
99
preferred
44%
*22%
112
*108%
12
80 %
Apr
48%
28%
14%
Apr
Jan
7%
24%
103%
109%
conv
44%
*101
14%
600
71%
26
109%
15%
106
19
"A.
111
14%
;
6%
*48%
103%
/22%
8%
69'A
6
44%
28
*110%
5
17
25%
■
8%
.
22%
112
12% Feb
87% Apr
9% Feb
48%
*117
28
25'A
2
15
7% Mar 26
13%
27%
*101
10% Jan
78% Jan
1
24%
23
277/a
par
'
-um
44%
72%
*27
.
9
*110%
111
15%
28
22%
V 110% 110%
r,i
15%
19
23%
22%
95
No
1st preferred—No par
conv
*48%
.
125
*71%
27%
8%
22%
*118
72%
*101%
25%
:
123
27%
103
*109
44%
12%
*71
23
*26
■
*110
n2%
*116%
123
*71%
27%
25
'■
12%
*116%
72%
*101 %
1,500
48%
*12
123
26%
7,200
44 Va
*12%
*26
18%
35%
*48%
44%
22
39
18%
35%
.24%
*48 %
44%
*71%
39
18%
49
49%
600
39%
18%
35%
49%
95%
35 Va
18
35
25
95
Corp of Amer
$3.50
Kadio-Keith-Orp'
18%
35%
18%
35%
*44%
800
17,300
39%
17%
35%
44%
Radio
64,400
8%
39%
24%
49 %
8%
39%
95
35%
12 %
8%
95
25
44%
*116%
8%
94%
24%
*35%
25
49%
12%
85%
8%
94%
*38
*35%
12
85%
8%
8%
39
24%
12%
85%
*85
No
,Mar 27
6
7
50%
Feb
79% Nov
24
33%
Jun
38%
'
*61%
*109%
34%
*113
6%
78
*113
115
63
*62
63
111
*110
111
*109
111
115
*110
110
*110
*113
63
110
*109
110
*61%
34%
x34%
113%
*113
6%
35%
113%
6%
78
6%
78
78
34%
*113
6%
*77%
*113
*62%
115
♦113%
115
63
63
63
*110
111
*110
111
*109
109%
♦109
109%
34%
35
113%
113
6%
6%
78
77%
83%
89
35Va
113
6%
78
35%
35%
*112%
64
109%
*110
35%
•'
115
64%
$5 pref series A
10
109 Va
111
".
36%
•
$4.25 preferred
Standard Brands,
'
-A
5,800
1
113
*112
6%
6%
78
*77
*112
6%
*77
100
113
6%
600
77%
$4.50
111
Feb
6
58
Jan
20
Inc
preferred
.
89%
89%
88%
89%
88%
89%
89%
89%
43%
x42%
43%
42%
43'/a
42%
43%
42%
43
42%
42%
17,800
Standard Oil of Calif
37%
37%
37%
37%
37%
37%
37%
37%
37
37%
37 Va
37%
14,600
Standard Oil of Indiana
62 3A
62%
21%
63
18,100
14,100
Standard
63
64
20%
20%
129
*119
89%
89%
X62%
62%
62%
62
%
62%
62%
62%
20%
21%
21%
21%
2iy4
21%
21%
*120
*120
132
11%
11%
11%
11%
*36%
37%
*36%
36%
72
72
X71
20%
20%
11%
*37
135
71
20%
*120'
11%
11%
38
71%
20%
127
*120
21%
135
11%
11%
11%
37
37 Va
37 Va
*120
11%
21%
135
1
'w .*»*»■
15%
16%
16%
16%
19%
19%
19%
19%
19%
19%
19%
19Va
19%
19'A
13%
12%
13%
13
13%
13
13%
13 Va
13%
27%
27%
27
27%
27%
27%
27%
28%
27%
27%
27%
28
64
64%
64
64
64
63
63%
*63
63%
62
63
*125
126%
125
126%
6%
6%
13%
*63%
*125
13%
25
13
25
115%
For
115%
126%
6%
footnotes
see
125%
6%
6%
6%
6%
13%
13%
13%
13%
24%
*114
125%
6%
24%
115%
page
2239.
13
24%
113
24%
113
24%
*113
25
115
X6%
13
24%
*112
125
*124%
16%
: 125
19,400
1.400
i
/••
7,100
26,200
1,500
60
Starrett
Co
Stokley-Van
5%
Stone
prior
&
Class
6%
8,900
Sunray
13%
13 Va
13 Va
7,700
Sunshine
24%
112
25
12,300
113
400
1
L S
No
Corp
56
Jan
Mining
par
2
111%
27%
19
33%
92% Feb
19
40%
45% May
38% May
2
65% May
24
20% May 10
23% Apr
137
Feb
64%
Dec
Dec
Feb
Apr
115
July
May
113
Dec
Dec
Jan
2% Nov
Feb
80
115
33% July
116
Sep
4% July
Dec
Feb
74 %
Feb
85%
Dec
7
34%
Sep
39 Va July
8
31
Sep
34%
8
50%
Sep
58 % July
Jan
18
118% Jan
24
110%
Sep
9% Jan
22
12'/8 May
7
6%
Jan
35% Jan 20
38% Mar
2
28%
Jan
37%
61
Dec
11%
Jan
67% May
17% JUly
Jan
13
22
74
May 7
21% Apr 30
2
•*
11<j
Dec
11% July
Dec
2
16% May 17
9%
Feb
13% July
2
19% Mar 6
14
Feb 20
15%
Feb
19
Dec
10% Jan 24
7%
Apr
12 %
Dec
1
18'A Jan
2
29 % May
13%
Apr
20% July
No par
Camp
57% Jan
4
54
Jun
64
Oct
Jan
128
Oct
Inc
1
preferred--——
Webster
No
(The)
A pfd (4% %
Oil Corp
6%
25
Spring
(The)
Studebaker Corp
Sun Oil Co
6%
115
33% Jan
16
Standard Steel
7JA May
67% Jan 23
78% Jan 23
38 % Jan
2
62% Jan
12%
*125
100
2
10
15
■
preferred
2
2
_5
20%
16 Va
25
_10
new„
110
Jan
2% Jan
Sterling Drug Inc
72
20 Va
13%
.
Ohio
36% May 18
114% Mar 1
28
111 % Jan
..
Stewart-Warner
72
20%
19%
15%
4%%
of
108
1,800
71%
20%
13
15
'
Oil
114% Mar 16
8,200
71%
20%
19%
15%
Standard OH of New Jersey-
4
100
14%
15
25
4
May
11,300
71%
20%
*37
No par
Sep
May
11%
37%
72%
20%
71%
20%
*36%
.
2,300
Jan
57
109
No oar
43%
110
116% May 8
64% May 18
113% Jan
5
110
No par
No par
;
Standard G & E Co $4 pref—No par
$6 prior preferred—
—No par
$7 prior preferred-.
—No par
7,000
.;
100
No par
No par
45% Apr
cum)
18% Jan
100
6
10c
No
124
1
*
Co
Superheater Co (The)
Superior Oil vof Calif
10% Jan
20
par
10
Mar
par
23
Mar 26
25
79
Jan
Apr
12
4
64% May 12
127 Va Mar 24
121
Mar 27
7'A Jan
9
5ya
Feb
7% July
9
14% Apr
27'A Feb
16
5%
Jan
17%
Jan
10% JUly
25% Dec
3
14
122% Apr 30
66 Va Ncv
84 %
Feb
•
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2238
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Wednesday
May 14
Saturday
Tuesday
May 15
May 16
May 12
t per
share
27%
27 %
27%
27%
27%
27%
27%
"21V*
32
32 V4
32
32
32%
32
32%
*3PA
32
*31%
28
*31%
32 %
24
23
23
1,100
24%
24
33%
4,400
owiii
<b
37
33
33
400
31
12%
00
33%
33%
33%
33%
33
33 %
33%
3,100
Swift
34%
8,800
Syivania Elec Prod's Int_
33%
33%
34%
33 %
34%
33 %
8%
9%
9Va
8,900
Symington Gould Corp—
8%
8%
87/a
8%
37%
33%
8%
38
38%
36%
38%
36%
38%
36%
9Vs
400
*8%
9Va
9
9Va
*8%
9Va
55V4
*54%
33%
33
87/a
9
Apr
26
Dec
4
29
Sep
34
Dec
Jan
20%
Sep
33
Dec
8%
26% May 14
27%
7
34% Feb
6
30% Apr
19%
Jan
35
Apr
Highest
t per share
share
I per
6
31% Mar
22
11
17% Jan
2
60
25
Jan
25
10
Superior Steel Corp
Sutherland Paper Co
Sweets Co of Amer (The).
1,800
25
x367/a
9'/a
-100
International Ltd
*24
.
37
33
33 y8
37
■
28%
27 %
27%
26%
33%
25%
25%
33
9
snare
9 per
share
per
9 per
per
Jan
Apr
33 %
Jan
Jan
33%
Jun
8
Dec
8%
Jun
9
26%
Apr
6
34% May 18
27%
7% Jan
2
10% Feb
15
10% Feb
16
7
Jan
5
42
Jan
38% May
31% Mar 21
No
29
par
1914
Year
Lowest
I per share
I per share
Par
Share»
f per share
snare
$
mare
24%
t
May 17
EXCHANGE
the Week
May 18
Range Since January 1
Highest
Lowest
STOCK
YORK
NEW
Sales for
Friday
Thursday
5% May
T
*8%
9
8%
9
*9
*54%
55
*54%
55
55
13V4
13%
2,600
53%
53
531/2
8,100
Texas Co
7%
7%
4,300
Texas
7%
421/4
441/2
6,500
41%
431/4
43V8
Texas Gulf
421/4
20%
21
21
21%
Texas
211/4
8,000
20 Va
16%
17%
17%
181/4
39,300
39%
401/4
39%
39%
1,000
171/8
17 Va
500
52
53%
1,360
9%
200
13Va
13
13Vs
52%
52%
52%
53
7%
7%
71/2
7%
7%
7%
7%
43%
43
43%
42%
42%
43 V2
21 Va
20%
21%
20%
21%
20%
16 Va
17%
16%
17%
16%
39%
39%
17 Va
*16%
17V4
*9%
9%
*9 V4
9%
*133Va
133%
16%
171/4
39%
39%
40
17Va
17
17
52
51%
52%
52%
*9%
9%
*91/4
*16%
51Vt
138%
*133%
12%
10%
13 Va
*14
*49%
50
100
6,100
55%
55%
100
12
12
3,200
15
400
56
11%
12
14
preferred
10%
*551/4
50%
6%
1C%
121/4
50%
95
90
*94%
551/4
14
preferred
95
11%
141/4
1%
10%
55 'A
51
50%
10
$3.60
10%
12%
14V4
"
51
141/4
141/4
*14%
51
*14
51
517/s
51%
5!%
b"/a
5%
5%
5%
5%
5%
5%
5%
5%
5%
38V4
38%
300
38%
38V4
*38V4
38%
38V4
39'A
38%
*38 V4
18%
18%
18%
18%
18%
18%
18%
18%
105%
105%
105%
105%
105%
12,600
1,430
105%
105 §1
105 §S
38%
38%
38%
391/4
2,300
55%
55 Va
55%
18%
18%
18%
105%
105%
105%
38
37%
37%
38%
37%
38
38
55%
54%
55
54%
55
54%
55%
H.1/4
11%
11%
11%
11%
11%
111/4
37V4
38
38
39
36%
36%
21%
211/4
2IV4
21%
21%
21
61/4
6
61/4
6%
6%
6%
61/4
107%
108
*107%
108%
108%
108%
12%
38
*55
11%
37%
36V4
6Va
6%
6%
*106%
.
22
*21%
108
108
108
V\
12
12
12%
,2,400
14,700
38%
X55
39
39%
11,100
22
22%
3,700
6%
8,600
108%
108 Va
260
121/4
121/4
6,600
Truax-Traer
6,100
Tubixe
11%
38%
221/s
22
>
11%
12
11%
11%
12
12
11%
12 Vs
22%
21%
21%
22%
221/4
21%
21%
21%
104%
*104%
104%
107%
104%
*104 Va
*104 Va
281/4
28%
291/4
28 Va
28%
28V4
28%
28%
28%
28 Va
351/4
35%
35%
35%
361/4
35%
35%
104%
12
*21%
'
35 Va
35%
35V4
104%
*102%
104%
104%
*102%
11%
*11%
11%
11%
*11%
11%
11%
120Va
I2OV2
*120%
121%
*120%
121%
17%
17%
I7V2
17%
17%
17%
119 Va
120
17%
17%
221/4
105%
400
29 Va
29%
25,900
36%
371/4
6,400
.
•
Film Corp
No par
$1.50 preferred
No par
$4.50 prior pfd
i
—No Par
Twin City Rapid Transit—-No par
11%
11%
1,400
120%
121%
110
1%
120 »/4
*120%
preferred
4,000
Coach Co
17%
17%
Twin
18
17%
100
1
—
'
1
Dec
51
Oct
8%
Jan
12% July
10% Mar
44%
50Va
Jan
6%
Sep
Dec
Feb
19
9% Feb
14
4%
Feb
7
7
32%
Apr
37% July
14%
Feb
29%
55
May
25% Mar
Dec
18 % May 18
8%
Feb
16% Nov
41% Apr
24
17%
Jan
35
21% Jan
10
12%
Jan
24% July
Feb
58
50%
Dec
July
59% Jan
24
12
Feb
28
139
.Apr
16
92
Jan
122
Dec
Apr
16
81%
Oct
94
Dec
7
Apr
10%
Dec
4%
Jan
12%
Dec
100
5%
19
11% Feb
9% Nov
Jan
May
56
15% Mar
15% Mar
11 Va
Jun
13% Mar
53 % Mar
32%
Jan
49%
6
May
34
Dec
Feb
17
July
18% Mar
13
20% Mar
Jan
109
Dec
Jan
38
Dec
52% Aug
100%
15
108% Jan
40% Apr
23
25
56% Feb
16
43%
Apr
11%
12% May 18
8%
; 17Va
Apr
8
12%
Jan
20
3%
Feb
24% Mar
7Va Feb
.
85
109% Mar 15
13% Jan
Dec,
18% July
5%
Dec
105%
Dec
.
Jan
8%
17
-
Deo
29
Jan
39% May 18
-
Oct
5% Aug
Jan
2
May
41
11% Nov
Jan
15% Mar
22% May 17
20%
Dec
Dec
102 Va
Dec
29% May 18
21%
Feb
28%
Dec
37% May 18
28% Jan
35%
Dec
Jan
105 %
Dec
97/a
Dec
106 Va Feb
Jan
.' 1
4%
7
45
3
Mar 21
Mar 27
May 16
Jan 3
Feb 2
14% Jan 3
101%
26%
34%
"104
9%
115
—100
20th Cen.Fox
11%
11%
11%
1
Corp.-
preferred
9% Feb
14% Mar
10% Mar 22
18% Mar 28
.-No par
Corp
Rayon
4% %
700
104
104
104%
104
104
104
~
22
*105
22%
105
104%
105
6%
Mar
56
13 Jan 3
'45% Jan 23
il/a Jan 2
. 31
Jan 22
16% Jan 2
105
Mar 15
34% Jan 22
50 Apr 6
10 .Mar 26
26 ^Jan 15
18% Jan 2
5 Jan 2
103 ' Jan 13
—25
—•.
Thompson Products
.-No par
Thompson-Starrett Co_
No par
$3.50 cum preferred
N( par.
Tide Water Associated Oil;
—10
$4.50 conv preferredNo par
Tiinken Detroit Axle
—10
Timken Roller Bearing
No par
Transamerica Cdrp
——
1-2
Transcont'l & West Air Inc:
—5
Transue & Williams St'l
No par
Tri-Continental Corp——.—
1
$6 preferred
;
—No par
1,600
2,300
39 Va
(J R)
Thompson
„
5%
preferred—
Transit Corp.-No par
Avenue
Third
.
1
50
Co
div conv
$2%
*38 Va
105%
preferred
conv
Thermoid
5%
18%
:
The Fair
95
56
12%
1
100
139
*135
10%
——No par
Pacific Coal & Oil
-10
Sulphur-
No par
—No par
—No par
L
-100
9%
-
139
♦135
10%
12%
*14
14Vt
9%
10%
*55
56
12%
53
Producing new—
Land Trust
Texas & Pacific Ry Co
Thatcher Mfg Co
v
7% Jan 16
50% Jan 6
7% Jan 3
11% Jan 2
48% Jan 2
6% Jan 2
36% Jan . 2
xl9% May 10
13% Jan 22
30% Jan 30
14% Mar 31
"44% Mar 29
8% Apr 6
125
Jan 3
93% Jan 8
9% Mar 27
54% May 11
10% Jan 11
25
1
(The)
Gulf
Texas Pacific
95
95
95
17%
*17
138%
138 %
138%
133 Va
10%
*55
55
.
*
94%
10%
10%
10%
55
9%
*9
95
*93
95
*93
51%
52
'
17Va.
51%
Corp
7%
13
52%
17 Va
Telautograph Corp
13Va
13%
52%
51 Va
3,600
52%
8 Va
13 Va
40
9
9Va
7%
8%
13%
53%
40
541/2
*8%
Tennessee
13 Va
*38V2
541/2
13 '/2
52%
*8V4
55
9
9>/a
9
9Va
8%
9
*54%
55
preferred
partic
5%%
8
50
5
5
(James)
Talcott Inc
70
102
21
85
106 % Jan
13
13
Feb
27
5%
Jan
125
Feb
26
68 V*
Jan
19% Feb
16
8%, Jan
Dec
118
16%
Dec
66
Jun
i
U
63%
64
64
64
64%
64%
16%
16%
16%
16%
17
91%
92
92%
5,500
40
63%
63%
63%
64%
16
Va
16%
16
16
16 V4
16
16
92%
90%
91%
91-
91%
91
91%
112
115
114
22%
23 Va
126 Va
126%
109 %
109 %
32%
*32
22 Va
22%
128%
127%
128%
109 Va
109 Va
109 %
109
109
31
287/a
31Vb
31
38
127
*71%
29
25%
39%
*130
133%
132%
132%
*25%
25%
25 Va
25%
*109%
111%
*109%
111%
72%
72%
*71%
72%
29%
*28
29%
*28
43 %
43%
431/8
43%
431/4
43 %
43 %
18%
19%
18%
18%
19%
191/4
19
106 V*
*106
*105%
106
106
1061/4
11
11
11
11
11%
78
77 %
77%
79
20
105%
20%
*105
11%
78
781/2
220
121/4
12%
12%
12%
3,500
37%
371/2
37%
371/2
371/2
2,200
IOI1/2
3,300
16%
26%
5,900
111/4
11
*78%
37
37
37
37
37
99%
100%
100%
110%
99%
99%
lOOVa
16%
161/4
15%
161/a
15%
25%
16%
16%
16%
24
*107%
16%
7%
7%
16%
16%
106%
1061/a
17%
*17%
7%
7%
7%
7%
7%
1061/2
19%
17%
5,300
30,800
88%
881/2
88%
1,200
195
*191
195
*191
19
xl9
19
19
18%
19
19
*53
18%
18%
*53%
*191
53%
48%
491/a
1,500
U
7%
7%
7%
1,500
U
34%
34%
34%
34%
53%
53%
46'%
46
46
7%
*71/2
7%
341/4
34%
34
1121/2
*112
10y2
10
*112
lOVs
33%
34
112%
112
10%
10
.
53%
47
47
*53
1,700
35
10
*112
112
10%
112%
*112
112%
10
10%
10
101/4
17,700
10%
2,800
*10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
2,100
43
43%
44
42 %
42%
43%
43
421/4
431/4
42%
42%
42 %
50
50
300
481/2
48%
49
*48%
50%
49
50
29%
29%
29%
29
29%
29
29%
29%
3Vs
3
3%
3%
10%
10 V*
29
2%
2%
2%
59
162%
163
68
80%
80%
65%
25%
25%
*47%
49
82
147
146%
.
25%
25%
■
3%
59
67
67
*81
83
66 %
146%
25%
49
3%
*167
82
25
29%
59
68
65%
*48
166
58%
67%
*47%
49
*47%
30
.166
58i/4
165
146%
66%
65%
146%
50
82
68%
*80%
65%
146%
165 1
166
67%'
68%
57%
59'A
58
*163
59
*48
65%
67%
*81
25%
*47%
59%
172
68
82
29%
5,900
3%
31/4
X58%
591%
26,300
4,400
xl66
68
*81%
1,200
167
•
68%
200
82
67%
28,900
66%
146%
146%
146%
146'A
146%
1,800
25%
*25%
25%
25%
25%
1,500
49
*47%
66"%
66
49
4%
♦46%
4%
4%
4%
4%
4%
4%
4%
4%
4%
6%
108%
107%
108%
108%
108%
1081/4
108 »/2
108
108 i/a
107 Va
*17%
18%
*17%
2,100
6%
5%
5%
6
6%
6
6
5%
6Vs
6
5%
18%
7
*6%
108%
18
;
18
6%
6%
*6%
44
44
*43
44
*43
87
87%
*87
86
86
*178
180 %
*178
180%
*178
7
6%
44
*43
88
87
180%
*178
108%
18
6%
45
*17%
6%
*43%
18
17%
26,000
•
1,800
'
1,600
400
18%
6 %
6%
45
43%
43%
88
88
90'A
6%
40
^
87%
1801%
87
*178
180%
25
247/s
13 Va
13%
30
-
25%
13%
620
180%
36%
180%
U
1
S Lines Co
Preferred
U S Pipe
S
S Rubber
8%
Co!
non-cum
U S Smelting
—
50
Ref & Mln
,_60
.'—No par
Preferred
.
0 S Steel Corp.
i——v
100
.<
—No par
preferred
25
Stockyards Corp—
1
Preferred
U S
28%
2%
' 51%
144%
52
(new)
Impt———No par
—10
1st preferred
100
Plywood Corp
JU S Realty &
D
—20
10
_1
Card Co
.
Tobacco Co
non-cum
United
8
United Stores class A
preferred
No par
UniversaltCyclo'ps. Steel Corp.——1
$6
conv
Universal
-
—No par
Universal Leaf ,Tob—v-—■—No par
8% preferred——.—v
-1QQ
'
,17$
Sep
Feb
29
109%
Feb
24%
24%
24%
24%
24%
13%
*13%
2,600
900
Van
24%
13%
13%
13%
13%
13 Va
♦13%
*13 %
X35%
35%
36%
36%
36%
*36 %
35%
36'A
36%
35%
36%
14%
14%
14%
14%
15%
1,500
13%
14%
14%
14
50
900
*51
51 %
X50%
50
50%
50
50
94
*91%
94
*91%
*91 %
92
94
92
*91%
95
94
*90%
96
*92
*92
97
96
*92
*93
*92
93
96
96
*92
*28
29
*28 Va
29
50 Va
29%
*4%
*28%
29%
4%
*28
4%
4%
63 %
*62
*119%
120
80
*73
47%
47%
39%
'39%
*134
*14
14
140
*148
—
For
119%
4%
63%
*119% 120
4%
63
♦119%
50 %
4%
64
120 Va
50
28%
4%
64
119%
29
4%
64
119%
80
47
*73
79
*73
79
*73
75
47%
*73
*46%
47%
*46%
47%
*46%
47V4
138
*148
39
39
39
39
138
*132
138
i»1 «?2
*148
—
footnotes see page
39
*132
38%
38%
*134
*4%
*62
63
63
119%
50
2239.
*148
—
*148
39%
138
:
"
:
10
400
29%
'
4%
64
*119%
3,600
4%
66 Va
120%
*73
46
■
2,400
20
75
46
39 Va
*132
*148
39V2
Vertientes-Camaguey
2.50
900
2,000
———
10
Sugar Co-6%
—-8
,.100
100
*—5
Chemical Co—
Vicks Shreve & Pad Ry__!
non-cum
Victor
preferred
ChemicaJ Works—
ChemicaJ
No par
6% div partip preferred:
*100
Va El & *Pow $5 pref
^100
Va Iron Coal .& Coke 5% pfd—100
Virginian Ry Co__.
—23
6% preferred
a
25
Va-Carolina
VUlcan
138
i
Vick
5%
'
29%
^_No par;
Van, Norman
24%
.
of Am
Co
Raaite Co Inc
900
24%
*14
Vanadium1 Corp
-
Nov
Oct
Dec
20%
1
17%
Sep
28
93 Va
118
92%
Jan
Feb
26
Apr
Dec
104
Dec
Jun
30
Nov
11
110% Apr 18
40
May 16
25%
Jun
33 % Nov
100%
Feb
110%
Sep
22%
Apr
36 %
Dec
134% May 16
102% Jan
123%
Dec
24%
Dec
°33 % Mar
8
32% Jan
26
Apr
114
Jan
20% May
28
6
Mar
110
"
"
23
61
May
29% Apr 28
,22
Jan
73% Apr
4
Jun
114
70% Julv
Oct
28
May 17
11
22% May 18
l7/e July
1 %
Jan
7
31%
Apr
42 Va
21% May 18
12 Va
Apr
17%
Dec
Jan
11
95 %
Jan
106%
Dec
13% Feb
3
2
,
Apr
16'
44% Mar
108
,
Dec
Feb
6
11% Aug
Apr
78% Aug
81% Apr 27
45 Va
13%.Feb 20
39
Mar 6
Jan
11%
Dec
26% May
36%
Dec
75%
Jan
91%
Dec
11%. Oct
15 Va
Jun
98% Jan
109%
Dec
4
Feb
7%
Sep
Feb
8
101% May 18
7
17% Mar
26% May 18
16
Feb 21
110
,Jan
8
18% Apr
2
Mai* 27
24
7%
108% Jan
21% Jan 2
13
Mar. 27
32
Jan 22
13'/a Apr 6
49
Apr 16
86% Mar 26
90% Jan 20
24 % Jan 8
3% Mar 27
59% Jan 9
118% Jan 8
57
Jan 22
100
Detinning CO
Preferred
,
Jun
115
26
97%
Feb
88
Jun
170
Jan
186
Dec
May
8 Va'
49 % Apr
21
Jan
10%
Jan
Jan
Feb
110
45% Jan 25
36% Jan 16
120 Mar 2
100
145
Mar 5
Dec
9
33%
113
Dec
Sep
5%
1
Mar
Apr
5
10
Oct
51 Va Npv
43% July
16%
7
15%
Jan
34%
30
9% Feb
35% May
Jan
42
1
.
Jan
14%
1
19% May
114
Dec
21%
Mar
12
Apr
54
107%
70
88% May
191
Jan
12% July
7
20% May 18
Apr
9%
Sep
Dec
10% Feb
6
8%
Jan
10%
44% Apr
17
30%
Apr
37%
Jun
3
40%
Jan
48
Nov
'
55% Mar
May 16
30
Jan
2
1
Feb
60% Feb
19
40
Feb
X167
May 18
130
Jan
69
May 11
48%
85
Mar 19
69
4
Dec
May
4"%
Dec
54% July
Dec
150
61% July
Dec
78
69 Va May
1
50 %
Apr
63% July
May
9
Xll9%
Jan
136%. Dec
26 V* Mar
1
22
May
50% Feb
6
44 Va
Apr
5% Feb 28
2%
Jan
6% May 18
2% Apr
149
108% May
7
76
Jan
20% Mar
6
14%
Jan
3%
Jan
27% Aug
48%
5Va
Oct
106%
Dec
18% July
6
Jan
25
Jan
24
31
Jan
41%
68
Apr
81%
162
Mar
8
185
,
Feb
6
28
Mar
6
17% Jan
Pec
pec
Nov
23% July
14 Va
Nov
Oct
52
Sep
8
12% May
16
Dec
7
41 Va
Jan
51
Oct
May 14
63%
Jan
85
Dec
70
Feb
85% July
25 Va Aug
20
9%
39
Mar
8
28
17
Jan
52
Mar
92
33% Apr
26
19
21 %
Jan
5 Va Feb
20
'3%
Sep
Feb
20
50
Sep
69
176
July
Jan
15 Va Feb
93
Dec
,4% Nov
93% Mar 19
47
V
24%
Dec
119
109% May 10
Jan' 5
75% Jan 24
39
76
113
Jan
130
May 5
Mar 26
Jan 6
Jan 12
Jan 2
5% Jan
1"
Laboratories Inc
5
23
25% Mar
72
Jan 18
58% Jan 24
135% Jan 2
24% Mar 29
47% Mar 27
'
4 . Jan 24
4% Jan 23
98% Jan 5
16
Jan 2
Preferred
15%
82%
116
9% Jan 2
" 35
Jan: 2
46
Jan" 2
10
a
& Foundry—
y S Pitying
U
,
,
1%
47%
4%
4%
*18
2,800
66%
'
140
3%'
preferred!
Mach Corp—
—5
conv preferred-—50
S Industrial ChemicalsNo par
S Leather Co
No par
Partic & conv'c} A———No par
Prior
preferred
100
S Hoffman
5%%
Feb
93% May
16"% Apr 10
77
Jan 22
180%Jan'17
13% Jan.: 2
50
Jan 17
33% Jan 10
"
6% Mar 27
30% Mar 26
111% Jan 22
7% Jan 23
L20
100
Co
7%
U
7%
541/4
*45
7%
1,500
7%
*53%
46
71/2
U S Gypsum
10
541/4
46
-
!
Freight Co
S
10
195
195
$6 1st preferred
Jan
9%
117% Jan
11% Jan 24
105
Feb 5
No par
—No par
No par
Secur
U S & Foreign
51%
4
17% May
.
U
May 18
66
par
par
par
par
par
—
50
20%
107%
20%
19
47
35
2,500
:
16%
*190
54%
112%
280
7%
7%
19
18%
7%
16,200
107%
20%
16%
108
87%
87
86%
86
85%
19%
191/4
19
17%
18
16%
*107
108
*107
107
161/2
16%
16%
16%
107
7%
,
IO91/2
*108
86
*46%
*34%
109%
190
*53%
*112
25%
*1071/2
86
195
7%
25%.
107%
190
85%
85
24%
107%
16%
*171/4
*190
241/4
107%
7%
161/4
106%
23%
26%
107%
108
7%
.
16%
16
24%
23%
108
24
*107%
100
1,200
*11
81
12%
12%,
99%
300
-
11
12%
100 VB
21,600
21%
105%
80
12V4
36%
5,100
,
12%'
12%
*99 %
100
27,000
44%
12%
36%
100
1%
43%
20%
105 Va
106
300
11
79 V*
12%
20%
1%
43%
43%
800
79%
Hi/4
78
43%
,
1,400
;
22%
1%
1%
1,700
24,500
11
22%
"
1%
1%
1%
-
12,900
10%
11
10%
__
1%
1%
1%
21,600
29 Va
108%
39 %
29%
1%
*106
1,900
28%
—i
—
30%
105%
—
1%
30%
39%
71%
*28
28 Va
28 Va
31'/8
800
39
112
1,600
127%
109 %
29%
25%
71%
73
*71%
29
*28
22%
22 Va
*127%
109%
134%
*111
112
*111
71%
71%
72
*28
25%
25%
15,600
*108%
29
40
39 Va
132%
25%
112
*111
112
39%
38%
10
109
29 V4
110
110.
110
129y2" 131%
127
25%
25%
*25 Va
*109
*108%
38%
37%
29%
28%
30%
23
22 Va
31%
31%
31%
109
126%
114
127 Va
23
^2%
Union Bag &
5,900
113%
*113%
109 Va
30
36%
*112
114
126%
x31%
126%
*113%
109 Va
*109
109
114
126%
23Va
109 Va
30 y4
29%
109
112
*113%
127
22%
126 Va
*112 ;
114
*112
115
*114
112
*114
112
112
112%
112
*110%
91
91%
1
58% Jan 3
14% Jan 24
78% Jan 24
xll0% Apr 27
113
Jan 8
Union Oil of California
—25
20% Jan 22
Union Pacific RR Co
100
109% Jan 24
4% non-cum preferred———100
100% Jan 24
Union Tank Car—
-No par
29'% Jan 19
United Aircraft Corp
—5
27% Apr 25
5% coriv preferred—
100
105% May 18
United Air Lines inc
10
31% Jan 22
4% %
preferred
—
100
118 Jan 22
United Biscuit Co—i_.
—No par
22% Mar 22
5% conv preferred—.,
,——100
111 .Jan 24
United Carbon Co_
No par '
66 Jan 2
United-Carr Fast Corp
No par,
26% Feb 1
Un Cigar-Whelan Stores new—30c
10% May 17
Prior preferred
—
20
22% May 18
United Corporation
No par
1% Jan 2
$3 preferred—
—..
No par
38% Jan 2
United Drug Co—,
—5.
15% Jan 22
United-Rexall Drug $4.75 pfd No par
105
Feb 6
United Dyewood Corp——
1
9% Jan 5
Preferred
>
100
66
Jan 5
United Electric Coal Cos.-.
,—5
11% Jan" 2
United Engineering & Fdy—
5
" 33% Jan 31
United Fruit Oo
*
<
No par
89% Mar 9
United Gas Improvement Co.—13%
13% Jan 20
United Merch & Mfrs Inc-—
1
22 Mar 9
5% preferred
—
1100
107, Jan 2
United Faperboard
10
61/s Mar 26
No
Paper———No
Union Carbide & Carb
No
Union El Co of Mo $5 pfd—No
Preferred $4.50 series
.
No
Underwood Corp
4,800
66
64%
Apr
113%
Jun
5V4 Mar
62% July
120
Aug
123
Feb
19
75
Feb
28
38%
Feb
63
Nov
43
Feb
13
37
Jan
45
Dec
38% Nov
6
33
Apr
5
147% Mar 26
102
Jan
125
Oct
149
Feb
155
July
39% Apr
136% May
Volume
Number 4387
161
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
LOW
Saturday
May 12
t per
AND
HIGH
Tuesday
May 15
STOCKS
Wednesday
May 14
share
May 16
* per share
RECORD
SALE PRICES
Monday
$ per share
2239
Thursday
Friday
May 18
May 17
9 per snare
$ per share
Sales
for
NEW
the Week
I per share
YORK
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
Year
Lowest
Sharet
Par
I per share
1944
Lowest
I per share
Highest
t per share
t per share
W
69
70
*15%
*34%
*69
15V4
35
107%
34%
191/4
*19%
69 V4
69%
69%
69%
15 Va
1,000
Wabash
15 Va
15'/a
15%
15%
34%
341/2
341%
1,700
34%
34Va
341%
900
Waldorf System
Walgreen Co
1071%
107V2
341/2
107
108
6 6 7/8
67
107%
19%
19%
19%
11
10%
11
9%
10
Va
*9%
107%
68
10 %
10%
*2%
70
15
*106%
68
67%
11
68
11
11%
10%
2%
*2%
2%
*2%
2'%
*2%
191%
63%
63%
*63V4
64%
63V2
63 V2
2%
500
300
25,500
700
14%
14%
14%
141/2
14%
14%
14%
141%
14%
14%
14%
36
*35%
36%
35%
35%
36
36
35%
36
36'A
36'A
17'%
xl7
17%
16%
17
17
17
171/B
17
17
*27
271/4
*37%
27
21%
21%
26%
21%
21%
37V4
37%
38
9%
9%
26
26
*84%
271/4
27%
21%
21%
37%
37%
9%
9%
9%
26%
85%
*84
27%
27%
103%.,..
103%
103%
103%
*117'/4
117%
*117%
25%
25%
111
110
21'A
21'A
21
44
44
6%
■'
21%
44%
6 Va
6'/a
85%
85%
28V2
43%
20%
20%
19%
42 Va
43%
42%
43%
42%
6%
19%
42%
85
83'A
82%
46%
45%
*27%
28%
*27%
x30%
30%
30'
30'%
34
34%
39
40%
33 lA
33%
33%
37%
37%
38
38
33%
33%
33%
33%
30%
31
109%
110
108 v4
108
*71%
V4
36%
37%
95V4
24
29J/4
29%
11%
11%
*90
*34V4
109
75
371/4
37%
21%
22%
7%
22%
White Sewing Mach Corp
$4 conv preferred
12%
12%
12%
12%
100%
100%
lOO'A
171/8
*131%
132
*16%
17%
132
231/4
12%
*131%
28%
29
29%
29%
4434
45%
45
45%
45%
53
52 Va
53
51%
52
53
52
87%
88
*85
90 "A
*87%
*85%
*86
*74
*85'/a
*88
88V4
881/4
89
76
*14%
*87
89
*74
15
*14%
*871%
90
89
76
„
'
*85%
14%
90
29%
Oil
Co
43,600
Willys-Overland
13,400
Motors
70O
*131%
29V4
291/4
1,400
Wisconsin El Fow Co 6%
Woodward Iron Co
Wilson-Jones
10
Woolworth (F W) Co
1,800
Worthington P & M (Del)
88
87
87
100
17%
17'%
17%
17'%
18%
181/4
18%
181/4
18%
18%
18%
18,500
23
23
231%
22%
23
23%
23%
23%
23%
2,700
49
471/4
47%
47%
47%
23%
47%
23%
47
48%
15,300
*106
1061/2
106%
106 Va
106%
106%
106%
120
23%
23%
23%
23%
24 Va
4,500
48'%
106%
106%
*23%
39%
8%
•Bid
106
23%
24
39%
*39%
9
and
106
39%
39%
9%
9
asked
23'%
23%
9
prices; no
40%
39%
40%
48
39%
9%
X471/2
39%
9
sales on this day.
41%
39%
9%
42
48
106%
24
tin receivership,
a
24
39%
9
r
Stocks,
Week Ended
and Miscel.
Saturday
Monday.:
Tuesday
Wednesday
Thursday
Friday—
Shares
562,470
Government
$140,000
$1,000
178,000
$5,789,900
11,000
214,000
16,000
.291,800
15,000
9,577,300
213,900
16,000
10,147,800
9,299,100
427,860
11,000
$1,465,560
9,663,900
Foreign
$53,032,260
Jan. 1 to
1944
Total
Feb
13
24% May
14% Feb
Apr
Deo
Apr
20 i/o July
Feb
8
Oct
k
9%
Jan
111/2 July
80'A
Jan
99V4 Nov
10%
12
100
87Va
31%
"
Jan
6
8
Apr
July
9% July
Jan
Jan
4%
4
101
Jan
2
171% May
132
7
May 14
123
14 %
July
125
Sep
21
19%
Apr
24
July
8
36%
Jan
44%
Oct
59% Apr
17
20%
Jan
41Va
NOV
90
Apr
16
47%
Jan
821/2 Nov
90
Apr
16
49
Jan
84
991/4 Feb
27
69V2
Jun
91%
Dec
58
Apr
74'/8
Nov
13
Dec
14
Dec
30% Apr
75% May 15
16% Feb 19
22
42
39Va Jan 22
105'/4 Jan
20
-No par
1
Special sales,
s
19
Mar 26
19
51V8 May
Sep*
33%
3
Mar 21
25'% May
36% Mar 26
5% Jan
2
wd When distributed.
Feb
110
Feb
42
Nov
36% July
15% July
20% July
42% July
Apr
96
Jan
106%
Nov
13
7
Jan
20%
Deo
44% July
6% July
15
33%
Jan
9% Apr 25
3%
Jan
x-Ex-dividends.
y Ex-rlghts.
-
Domestic
$285,000
304,115
417,000
■
'
466,000
436,000
23,000
366,790
566,000
111,000
793,000
15,000
808,000
589,000
8,000
597,000
1,999,830
$3,086,000
$350,000
Week Ended May
1945
-
Stock And Bond
Jan. 1 to
684,000
$5,449,000
May 18
1945
1944
1,999,830
816,200
44,422,690
22,687,727
$2,680,000
$64,119,000
$74,236,000
350,000
111,000
21,339,000
3,603,000
13,000
__
__
;
-
Averages
the daily closing averages of representative
the New York Stock Exchange as compiled by
are
stocks
and
bonds
Dow, Jones & Co.
•
$13,000
460,000
51,000
510,000
427,000
$3,449,000
Domestic
Foreign government
Foreign corporate
Total
1,000
7,000
$3,086,000
$2,994,300
$48,951,500 $1,170,615,310 $1,270,857,700
18
1944
■
$2,842,000
$85,968,000
$78,266,000
Bonds
•
42,484,500
Bonds
—
10
10
30
20
18
Total
10
Indus-
Rail-
TJtili-
65
Indus-
Grade
Grade
Utili-
40
trials
roads
ties
Stocks
trials
Rails
Rails
ties
Bonds
First)
Second
10
Total
163.21
55,18
30.48
61.20
106.68
115.36
97.69
108.90
107.16
107.20
163.96
55.84
30.73
61.64
106.70
115.53
97.70
108.87
May 14—
163.45
55.67
30.75
61.47
106.70
115.49
97.41
108.96
May 15
164.00
55.85
30.75
61.65
106.67
115.56
97.15
108.99
107.09
May 16
May 17
May 18—
164.50
56.18
30.82
61.88
106.89
115.64
97.36
109.01
107.22
165.20
56.12
31.05
62.08
106.84
115.53
97.60
109.06
107.26
166.17
56.05
31.06
62.28
106.80
115.41
98.04
109.09
107.34
•Corrected figures.
.'
$434,000
4,000
45,000
Total
$1,000
$^48,000
423,175
1,225-,378,900
Stocks
Foreign
Corporate
Government
404,330
*
Stocks—No. of shares
86,662,044
$2,519,050
Bonds (Par Value)
Foreign
Shares)
108.325
46,073,760
May 12
9
24
Apr
1,122,022,500
*May 11
Jan
x64'/a
2
Jan
1944
147,874,582
$648,600
Date—
5
4
91/4
1,^51,500
on
9
May
34% Mar
27% Mar
46,551,400
listed
12V2 May
93
14%
1;465,560
Below
29% July
May 9
18% May 16
51,496,700
$53,032,260'
22
Feb
25
May 18
1945
3,644,560
$70,000
Feb
20
13
Total
•
i—i
18
1
321,095
Bonds
U. S. Government
Dec
17
Wednesday
Thurscday
Friday
9,737,960
$70,000
Week Ended May 18
Railroad & industrial
Dec
921/4
13% Jan
Saturday
Monday
8,115,400
9,917,900
6,559,360
32%
Jan
of
9,433,900
—
Feb
19% Jan
Week Ended May 18,1945
9,270,500
1945
Stocks—No. of shares
Jan
20 Va
Stocks
1,009,110
$51,496,700
97V4
66%
(Number
1,206,240
6,559,360
15
1
Cash sale,
Sales
1,432,220
Total
July
104% Aug
31% May
32% Jan 24
28
Corp
Bond
Bonds
1,369,550
-
—
77
Daily, Weekly and Yearly
Bonds
7,926,400
107% Nov
40% Apr 30
96% May 14
26% Feb 15
5
Jan
1011/2 May
59 V2 Feb
Dec
■
Total
Foreign
$5,648,900
979,770
—
13
36 Va
Transactions at the New York Dark Exchange
United States
Bonds
107% Jan
75
Jan 24
69% Mar 9
8
Zenith Radio Corp
Zonite Products Corp-
Exchange
Railroad
May IS, 19i5
Jan
Co
Daily, Weekly and Yearly
Number of
19
.
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
_100
Youngstown Steel Door
No par
York
9,400
n New Stock,
^
Yale & Towne Mfg.
1,500
9%
Deferred delivery,
Transactions at the New York Stock
3,800
40
39%
9%
9
80
42
23
40%
5
Feb
3
41%
40%
78
15
Jan
Wyandotte Worsted Co
14%
40
Jan
79
600
14 %
41%
17%
40%
38
300
14%
Dec
1101/2 Apr
2
No par
Prior
"50
14%
July
111
46 % Mar
86
90
85
*74
32
Jan
40% Jan 24
75%
14%
*88
89%
75%
Deo
Jan
128
Jan 30
221/4 Jan
6
14%
90
*87
2
Dec
29%
3
13 % Jan
100
pfd 41/2% series
100
Prior pfd 4%% Conv series
100
Wright Aeronautical
No par
Wrlelev/Wm) .Tr (Del)—
No pa*
*73%.
July
25%
10
8,600
89 Va
Dec
6 %
16'% July
1051/2
23
Apr
15
10
46
Y
*40
100
10
pfd
54
75%
37Va
16
16% Mar 26
Co
45%
89%
Jan
6% Mar 26
100
54
,
Jan
10% Jan
2
97% Jan 15
called
45%
75%
Jan
7 Va
36V4 Feb
9
1
16%
75%
Apr
3%
33Va Apr 27
H31/2 Jan 17
19
JVo par
No par
$6 preferred
Preferred
8% Jan
30
-
5
Wilson & Co Inc
t
26%
2
37% May 17
50% May 17
83% Jan 15
par
20
—
53%
'A
*88%
90
Wilcox
;
16%
29%
7
x31% Feb
26% Jan 22
1
No
Jan
21% Jan
—20
preferred
400
14%
:
1,700
Prior
3
103Va Apr 20
31% Jan 24
871/2 Jan 24
1
100%
17
45
53
60
50O
64
No par
No par
prior pref
13
*100
*131%
28%
45%
conv
White Dental Mfg (The S S)
*100%
17
29
,
$5
23%
12%
IOIV4
*100%
17
45
*28%
22%
13'/4
*100
*100%
.
100
Wheeling Steel Corp
27% Feb
108 % Feb 16
106% Jan
4
100
1,800
320
Mar 26
32% Apr 26
-
par
preferred
11%
100%
*100%
conv
White Motor Co
12%
17
5%%
28
par
Wheeling & Lake Erie Ry-
600
101'A
Sep
May 18
23% Mar 19
33% May 11
37% May 12
-
12.50
No
3,700
22%
26
451/2 May
7V4 Mar
44
Mar 26
26% Jan - 6
No Par
301/4
23'%
9
13
4% Jan 22
par
No
24%
12%
17
Instrument
preferred
preferred
29%
*100%
*100»%
Weston Elec
Westvaco Chlorine Prod
4,500
7%
17% Mar
32% Jan
103
20
31%
24%
7%
Dec
lo
Apr
No
30%
71/4
110
1
Corp neW-50
——12%
29%
7%
Feb
Jan
Dec
21
Electric
Preferred
30
71%
July
Dec
39
92
28
10
Westinprhouse Air Brake
~80
331/4
Jan
311/4 july
95%
11%
16%
Jan
38V4
92
23
22%
Westinghouse
75
*33
26% Feb
112
Apr
22% Mar 21
106
8
95%
11%
.
29 Va Mar
38%
92
.
Dec
24V4
331/4
16
28
31%
95 %
11%
Apr
53% July
38%
*90
118%
15
118
66 V2
95%
*32V4
Dec
103
Apr
106% Feb
2
No par
24
11%
113
Apr
8
Dec
241%
33
Feb
85%
26
Jan
101
Feb
$4.25
92
96%
113%
109% Jan
116% Jan
Dec
30
92
Dec
65
107
33
Dec
102%
29%
107
33
Dec
28
Feb
Jan
41
$4.50
92
851/2
18%
83
19
8
800
11%
Jan.
28
108 % Apr
115
Feb
49% Mar
14,540
1
77
Feb
30% May 18
8
45% Apr 28
85% Apr 28
150
92
22%
101,300
;
23% Mar 26
100 V2 Jan
100
preferred
Jan
2
1,800
29%
■
Inc—
22V2
87
2
-
No par
Supply Co
Maryland Ry
2nd
.
Dec
28% May 18
10% July
25% Jun
-
100
Class B
8,400
37%
105
.
Dec
31 Va
Jan
84% Jan 20
1
22%
Jan
39% Feb
11 Va Mar
2
341/4
11%
71/4
-24
Apr
Jan
6%
3
May 10
64% Jan
32%
29%
71/4
23
Mar 26
30% Jan
301/2 Jan
100
48%
*71%
15'/4
20
J
2
108%
*23%
*32%
29
105
Aug
13% Feb
32%
75
25
Western Union Teleg class A-No
par
481/4
34V4
105
Xpr
2
Jan
100
108%
*71%
105
22 '/a
100
96
96
96%
900
15,000
30 V4
32%
Dec
27% May
24% Feb
--24% Jan
45
Western Pacific RR Co com__No
par
Preferred series A
T100
1,500
82
47%
37V4
34%
July
No par
_
non-cum
108
108
105
41%
4%
109
321/4
*108%
241/4
7%
22'/a
211
A
50%
11%
32%
7%
36%
29
921/4
32%
37
96
*23%
3,000
46%
^
30%
*711/4
221/4
30
15
36%
15
16% May 10
No par
Lines,
14
62
9
Auto
Western
30%
108'%
*1041/4
,
105
36%
96
24
75
*711/4
Air
Western
*28
30
34
*108%
Western
1,500
14
Jun
2 '/a
Apr
Corp
preferred
7,300
28%
301/4
1081/2
105
*27%
6%
7,300
46%
11% Mar
Feb
Feb
_5
West Va Pulp & Pap CO—
6%
82
82%
*107%
108'A
108%
104V4
*33
31
31
*107%
75
104V4
34%
42%
Jan
1%
11%
___'_5
4%% pfd
Power
21%
41%
47%
8
17
NOV
22%
1
Inc
Indies -Sugar
441/4
*
1
2% Apr
66% Feb
Nov
*
15% Feb
Co
Tobacco
6%
22%
82
28
26
43%.
lO'/a
37% May
18% May
West Penn
110
251/4
7
46%
West
3,000
X20
Jan
Mar 26
West Penn-Electric Class A—No par
1% preferred
<1
100
6% preferred
100
111
44
42%
461%
25%
25
'
21
82%
46
30%
27%
30 Va
83
46%
27%
45%
111
23%
20%
*83
111
68
Jan
7%
Mar 27
210
i
Feb
171/4
7
11% May
11% Mar
30
5
$4 conv preferred-
26
48
24
2
108% Nov
13
340
104
27
20% Feb
16
Nov
par
Corp___
130
117
6'A
No
Wayne Pump Co—
80
X105
Aug
May
Washington Gas Lt Co—No par
Waukesha Motor
Dec
68
5
Pipe
44,500
104
44
57% Jan
&
Petroleum
8
6
2
par
No par
May
110 »/4 Apr
72
Apr
2
30%
114
117
21%
6%
2
1% Jan '
107V2
104'%
44
106% Jan
Wesson Oil & Snowdrift
II71/4
25%
21%
6%
Dec
9% Jan
100
111
hi
*110
Dec
311/4
50
4,100
104
251/2
14%
Apr
No par
No par
Webster
117V4
25%
-
1171%
\
Jan
61% Mar 27
85%
U31/2
Jan
10%
19 Va Apr
8% Jan
■28%
*106'%
40
26'/a
No
4,200
30
107
II31/2
7
16% Mar 10
35
No par
Warren Fdy
800
76% Mar
2
24
100
9%
*85%
Jan
13% Jan 10
30 % Jan
preferred
Warren
1,400
38
9Va
28
3OV2
107
*1121%
104
103%
9'%
28'%
1071%
II31/2
25%*
*19%
•
85%
9
66
par
par
preferred-:.
Warner Bros Pictures
400
22%
100
No
—No
$7
2,900
27
*37%
28%
*112Va
111
44 %
27%
-*106
25
111
*110
25
37%
9%
1171/2
26
22'A
271/2
28
106
113
103%
37%
*26%
22
26%
27%
106'
113
H7Va
27
22
*84'%
1071/2
103%
111
38
*26'%
9Vs
113V2
1061/2
*113
■
22
*37%
-
85%
•117V4
25
27
21%
-
26%
27%
•
107V4
113%
27
9%
26%
*84
27%
*107
*26%
25%
•-
85%
*113
16%
preferred
Ward Baking Co cl A—
Class B
2%
17Va
4%%
Walker (Hiram) G & W
Dlv redeem preferred
400
641%
14%
35%
RR
Walworth Co
200
7,400
10
*63
4%
1,100
11
10
2Va
64%
80
69
10%
2%
64
*68
*19%
10%
.
19'%
11
10%
107
68 %
*19%
111/8
*9%
10%
68
'191/2
*19%
*63Va
2%'
64
1081/2
*107%
70
15
*34
19%
10%
69%
15
68
*10 1/8
*69
15V8
X34%
1081/4
*67%
70
15%
107.14
,
New York Stock Exchange
Bond Record «»
FRIDAY
the
'
...
italic
latere la «„, «*»»
The
a.
i.
« I
.
A
_ _
.U
WEEKLY
■
WlAYtfVt
aaaiJi
W?VldMn
EflA
YEARLY
-
Wl&T.IIM.
OAnfll
~
Period" mdlcat. * eaoO
Mtf "Intere*
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2240
Friday
BONDS
Week's Range
or Friday's
Friday
BONDS
S.
Treasury 3Vs8
Treasury
3VeS—T
3s—
3s
2'/is
2%s
2%s
2Vis
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2Vis
Treasury
Treasury
Treasury
2Vis
2Vis
2Vis
2Vis
2 Vis
2 Vis
2Vis
2Vis
2Vis
2Vis
2 Vis
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
,
1965-1970
1966-1971
1967-1972
1951-1953
;—1952-1953
1954-1956
1956-1959
1947
Mar 1948-1950
Dec 1948-1950
—Jun 1949-1951
Sep 1949-1951
Dec 1949-1951
March 1950-1952
Sept 1950-1952
2 Vis
Treasury 2s
Treasury
2s
Treasury
-
Treasury
2s
2s
Treasury
2s
Treasury
2s
Treasury
.
Treasury 2s
External
15
*102.23
102.25
103.25
103.27
3Vis
Series
No.
16
102.26
102.26
J-D
*109.31
*102.23
103.19
103*19
3Vis
Series
No.
19
*65y2
J-D
102.25
51%
111.27
3Vis
Series
No.
20
*65y2
51%
64%
*111.23
111.4
M-S
111.25
10
112.27
3 Vis
Series
No.
21
66%
M-S
113.22
65 %
52
113.22
114
1
100.24
101.17
3Vis
Series
No.
22
*65Va
66
M-S
100.24
51%
100.24
105.21
106.11
3 Vis
Series
No.
23
51%
66%
*105.19
106.6
M-S
110.14
110.15
3Vis
Series
No.
24__
64%
J-D
110
51%
*109.30
113.7
3Vis
Series
No.
25_
51%
67
52
65%
51%
66'/a
3-Vis
103.20
Series
No.
17
67
67
67
Series
No.
18
66
64%
66
16
*113.5
113.7
112.10
113.19
112.21
112.23
J-D
*113.17
3Vis
Series
No.
*114.8
114.20
114.19
3 Vis
Series
No.
J-D
*101.6
101.8
♦105.22
—
V
--
—
3Vis
*107.4
107.6
M-S
*108
*105.27
M-S
107.15
106.25
29
*102.12
102.14
J-D
*101.17
101.19
100.18
J-D
101.2
101.5
3
J-D
101
101.1
7
101.20
a 6s
100.17
External
102.4
Refunding s
102.2
External readj
100.18
102.3
External
103.9
103.23
3%
M-S
100.30
J-D
*107.14
107.16
107.26
Canada
J-J
*104.11
104.13
*108.21
108.23
*102.8
J-D
104.11
--
102.25
*102.26
102.28
J-D
*102.27
102.29
10L29
10"l"29
M-S
*102.26
102.28
103.2
102.26
102.26
*102.27
102.29
102.26
J-D
*102.27
3s
J-D
102.10
1 Vis
1945-1947
M
series
102.24
101.19
J-D
^7s
103
A6s
*100.1
3%
1980
Corporate Stock
117Vi
J-D
7
100.13
IOT.9
ARv
103.3
2
10L23
112%
77
A 7s
of
Teletype
NY
1-1693
M-S
—
92
1961
J-J
.
31
Argentine
S f external 4Vis
1941
S f conv loan 4Vis
1971
8 f exti conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
External g 4Vis of 1S28
1950
1949
external 6Vis
Belgium
External
s
s
1953
—1953
f 6s
External
f 7s
J-D
80
34
1
101%
Rlr.a
of!
'Rep
.1979
A-0
47%
5
J-D
88%
92
86
86%
40
41
1949
M-S
77
77
58
41%
-...
7
108
109%
108%
110
110
111
156
156
1
154
156
105
105
6
72
105
98
98
2
74
98
96
94%
96
9
811/4
99
F-A
*1091/4
__
1977
J-D
*io7y8
—
1953
J-J
110
110
1945
J-D
156
A-O
105
5 Vis
1952
IA Dominican
§ A 1st series 5Vis of 1926
sink fund
1st
96
96
97
60
80
A-O
92%
92%
92%
15
77
M-S
*100%
1940
5A2d
F-A
1942
Customs Admin 5Vis 2d series
J-J
1962
33
101
.
1955
5Vis
Rep Cust Ad 5 Vis
series
A-O
■
1942
IA Denmark 20-year extl 6s
gold
89%
41
105%
1949
debt
wks
A-O
*100%
.1940
A-0
1967
7s
A-O
1969
'Republic of)
M-S
1969
series
5Vis 2d series
-
J -J
100 i/a
—
—
100%
*100% 101%
12
100% 101
101%
100
102
*100% 102%
90%
99%
100
7s
98 V4
107'A
A 7s
105%
A6s
95% 103.
(Rep of) ext 6s
*50
44%
60
*97
100
*
Haiti
part paid
paid
1957
A-0
1979
A-0
1952
J-D
1978
J-D
Stamped pursuant to Plan A
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B)—
A-0
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A 7s (Central Ry)
s
72%
~6
70%
91
821/4
86
M-N
102
103
AJugoslavia (State Mtge Bk) 7s
107%
AMedellin
72%
65
71
A4Vis
to
Nov.
1942,
100 y8
*23'A
26
12%
*31
32
30%
J-D
*97
1943
5.
—
A-O
J-D
1954
Irrigation—
stamped assented
*1001/2
1957
—1954
6%s
(Prov) 4s readjusted
A Assented
Stamped pursuant to Plan
(Int reduced to 3.5%)
>
5%
funding bonds of
52
—
70%
—
*62
*71%
~7
70%
57%
r
M-N
agree
*12
11%
11%
94
100%
10'A
11%
70%
—
64
59%
70
54
--
52
64
63%
A
*64
70
»
—
69
—
FOREIGN
1931
;
Series
No.
1
SECURITIES
'
—
67 %
e65 %
43
67%
52
67V4
;
3Vis
;
3 Vis Series
66
17
52
Series
671/4
65%
67%
30
52
Series
No.
4
66%
65%
66%
18
52
V
■
FIRM TRADING MARKETS
67%
3Vis
I
67
3 Vis
No. 2
No. 3
65%
j
.
3 Vis Series
No.
Series
Series
No.
Series
No.
8
3Vis
Series
No.
9
3Vis
Series
No.
10
;
3Vis Series
No.
11
;
3Vis
Series
No.
12
;
SVis Sereis
No.
13
Series
No.
14__
I
-IT
3 Vis
i
For footnotes see page 2244.
e67
66 V2
1
52
67
w.—
e67
*67
*65%
7
3Vis
„
e67
6
3Vis
■
—
No. 5
3Vis
1
,
For Financial Institutions
.
60
__
53
66 %
,
66
-
—
—
—
—
—
—
f.ARL MARKS & fio. INC.
<
'
72
•
66
5
51%
66
1
52V4
66
52
64%
65%
7
FOREIGN SECURITIES
SPECIALISTS
66
66
*66
65%
*65%
52%
68
64%
65%
6
••
66%
51 3/8
*65 %
50 Broad St. New York 4, N. Y.
66 3/8
51%
643/4
51%
66%
Telephone HAnover 2-0050
100
27
341/4
100%
—
'64
52
65
23%
99%
57%
.70
25
*84%
101%
Mendoza
14%
*98'/a
59%
7
12
A-0
100
(Colombia)
19
1952
f 6s series A
Heisingfors (City) ext 6Vis_—___ 1960
Irish Free State extl s f 5s
J.S80
105%
—
16 y8
22
18'A
98
96
53
—
*62
70%
60
108
A-0
100%
2
——
„
18%
97
106%
__
*20%
1964
-19S8
part
(Republic)
*108ye
stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6Vis of 1927
99
95%
100%
A-0
1961
5Vis
94
70
31%
.,13
,iu
2
4Vis
A Public
72%
23
47%
*107
88%
86%
loan
Sinking fund 5Vis
"
69 %
47%
external
Mexican
*64
68%
48%
13
1949
102% 103
70%
17%
33
69
—
57%
M-N
unstamped
Greek Government—
*101%
.
I
77
56%
M-N
99
27
A-0
77
*76%
1952
1953
90
101% 102 %
J-D
47%
52
102%
1978
57
99
M-N
71
A-O
J-D
65
72'A
18
16%
26
1
6
18'A
173/a
'mm-m
17
32
18'/a
17%
5
17V4
18%
17%
17
M-S
49
J-D
17%
8
17V4
-1951
7s
33%
100%
71
*i07ye
18>/a
"
31
31
J-J
1940
98%
—
18'%
18
17V4
A-0
1945
105%
103
18%
17%
1
17V4
-
1961
Finland
105
,
18
18%
17%
1961
French Republic 7s stamped
106% 107 V*
J-D
1
5
18%
M-S
101
106%
M-S
I8J/2
,
k.
J-D
102%
105
J-J
17%
17%
,173/4
181%
M-S
95
M-S
98
18%
9
mtmm
43
33 Vb
CO to
25
..
J-J
98%
18
'
42
AEstonia
A-O
—
41%
30
10
100V4 101
97%
19%
173A
M-N
22
101
101
99
19%
173/4
42
30
__
100
101%
1957
I Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal s f 6Vis of 1926
100
M-N
F-A
183/4
29
*46
30
1
32%
M-N
1941
lABrazil (U S of) external 8s
—
1
19
*46
5Vis
(City) external 5s—;—1958
(National Government)—
19%
19
M-N
External gold 4Vis
31
AAntwerp
173/4
7
18%
A-O
37%
37%
*30
*30
18%
F-A
34
36%
'
19
18%
■
1947
External
36%
*-•*
19%
17V4
5
18%
1947
1946
Mtge Bank 6 Vis
38
J-J
—
19%
18%
mm**
1970
Oct
Jan
f $ bonds
8
35
*36%
mmmm-
193/a
173/4
11
19%
M-N
1951
193/4
18%
'
18%
A-O
1960
1928
3
J-J
"
"
18 %
J-D
1962
.
'
19
17%
1
18%
A-O
1962
6s
19%
18 Va
•
19
19
J-D
I960
36%
36%
A-0
M-N
1961
173/4
*mmm
A-0
1961
19'/a
5
■
J-D
;
38
J-J
A-0
18%
M-N
.1961
35
J-J
A-0
M-S
1961
19 V%
18%
-
J-D
6s
18%
A-0
1957
5s
18%
19»A
.—1957
17%
1
■
M-S
1963
193/4
13
.
_
wm+.
1962
sink fund
18%
J-J
Sep 1961
Sep 1961
i_1962
47
,,
*17
F-A
1961
36
18%
*62
— —
1963
1
1943
coll 7s A
f 7s series B
s
105%
Jan
36'/2
1945
AExternal s f 7s series C
1945
AExternal s f 7s series D
1945
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
(Dept)
104
ACzechoslovakia (Rep of) 8s ser A-1951
67%
79
—
70
62%
70
36%
AExternal
105%
7
104?4 105
105
1961
ASinking fund 8s series B
AAntioqula
104
Jan
Copenhagen (City) 5s
25-year gold 4%s
61
3
*66
*80
22
Feb
1927
External
A-O
105 y2
(Republic of)—
of
4Vis
70
102 Vi
105
ASinking fund 7s of 1927
Municipal
F-A
102
F-A
Cubar (Republic of) 5s of 1914
1947
AGtd sink fund 6s
1948
Akershus (King Of Norway) 4s„__1968
106%
4
ASinking fund 7s of 1926
Broadway, New York
sink fund 6s
106'A
1027/a
102%
18%
es
(Hukuang Ry)
external
ACosta
AGtd
102%
105
102
; -
A-O
Munic 7s
Cons
A 6s
Members New York Stock Exchange
'
7
14
1J35
1961
assented
A Colombia
(Colombia)—
108%
M-N
1980
assented-
Colombia
Wertheim & Co.
&
106%
19%
sinking fund 6s
A 68
Govt.
15
18%-
assented
Chinese
3s
Mtge Bank
107% 108 V2
105 y2
105
19 y8
A6Vis assented
A Chilean
Foreign
1113%
18%
assented
A 6s
Agricultural
109%
J-J
Feb
AGuaranteed sink fund
120
15
105
J-J
111%
A-O
6s
76
111%
111
M-N
assented
A 6s
2-2300
63
1960
sinking fund 6s
AGuaranteed
Telephone
5
M-N
AChile Mortgage Bank 6%s
Foreign Securities
76
1942
fund 6s
assented—
A 6s
A
75
195*
assented
A 6s
117Vi 119
75%
96
83
J-J
sinking fund 6s
AExternal
122
5
J- J
assented
AExtl
100.3
e96
J-J
8s
external s 1
A6s
101.19
e96
e96
1958
ASinking fund 6Vis
A 6Vis assented
REctor
92%
.
1953
External b t 7s
sinking fund
A 6s
Transit Unification Issue—
94
807/a
95
15
assented
A6s
10o".17 103*5
City
York
92%
94
.
15
assented
AExtl
~9
15
*93
—
_1942
(City)
(Rep)
AExternal
New
J-J
80%
80 Va
Jan
AExternal sinking
106.26
1,
J-D
—
102.24
*106.24
J-D
A-0
16
27
Jan
ACbile
103
100.25
10
102.26
1953-1953
June 15 1848
Jan
—
102.29
102.23
M-S
J-J
1961
1967
1968
1948
3s
103.2
M-S
M-N
—
95
92'A
91V4
94
A-O
1980
3Vis_—
ACarlsbad
1031/4
—
91V4
F-A
1984
of) 30-yr 4s
(Dom
3s
104.24
1011/2
95
*9oy8
M-S
1975
I
bonds
3s
104.24
—
101%
95%
101
*103
1976
2Vis
103.28
*102.23
__
f $
s
30-year
103.28
M-S
J-J
97%
100
100% 100%
103 y4
F-A
1976
f 4ya-4Vis
s
external
30-year
l<fo~27 103~ 3
3
102.10
__
1977
4%-4%s
25-year
103.19
*104.9
M-S
107.19
103.2
*103.17
J-D
66
'
5
102.29
M-S
f 4Vi-4V2S
101.25
2
103.2
53
100
J-D
f 4 V1b-4%s
s
100.10
103.11
M-S
66
*65%
M-S
1961
66
521/4
66
66
,
-1957
1958
1950
51%
5
(Province of)—
100.15
'
Km
100.28
J-D
30
No.
T
64%'
64%
66
*65 y2.
66
i.
stamped
100.28
M-S
20
64%
64%
■
101.2'
J-D
1 Vis
—
Owners' Loan Corp—
Series
Buenos Aires
102.9
.
28
No.
3Vis
--
J-D
*101
No.
Series
-
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
100.28
M-S
•
*65%
Brisbane
105.29
*106.23
107~4
108.2
M-S
Series
3Vis
—r
105.24
J-D
•
*
-
M-S
30
66 3A
*65%
27
J-D
113.2
3
65'A
64%
66 V4
26
1951-1955
Treasury
*65'/a
5
M-S
.
66%
3Vis
102.26
11
110.2
June 15 1952-1954
Dec 15 1952-1954
Home
66
No.
2s
2s
67
Series
Treasury 2s
2s
66%
51%
11
3%s
Treasury
Treasury
66%
59
66%
—
109.24
2s
Treasury
High
51%
51%
e65%
Low.
109.8
2s
1951-1953
Since
January 1
108.29
Treasury
,
(Continued)
Range
Sold
Low
*108.27
Treasury
;
bonds
$
Bonds
No.
High
J- D
1945-1947
1948-1951
1951-1954
1956-1859
1958-1963
1960-1963
1943
1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
1963-1968
June 1964-1969
Dec. 1964-1969
2Vis
2Vis
2Vis
2Vis
2Vis
Treasury
Week's Range
or Friday's
Bid & Asked
(Continued)
Brazil
High
Low
No.
Last
Sale Price
M-S
1946-1948
1951-1953
1955-1960
Treasury
Period
A-0
1949-1952
Treasury
Interest
.
January 1
Sold
Low
Stock Exchange
New York
Range Since
Bonds
Bid & Asked
High
1947-1951
1946-1950
1946-1949
3%s
Treasury
Sale Price
Government
4 Vis
Treasury
Last
Period
D.
Interest
Exchange
York Stock
New
Teletype N. Y. 1-971
11%
»■
Volume
161
Number 4387
THE COMMERCIAL
& FINANCIAL
CHRONICLE
2241
NEW YORK BOND RECORD
RANGE
BONDS
New York
Stock
Friday
Exchange
Interest
Last
Period
Sale Price
Friday's
or
Bonds
Bid & Asked
No.
Hiah
lUfcij
5s 01
extl
1899
£.
Assenting 5s of 1899
A
Assented
to
.1943
Q-J
1949
Q-J
,
Nov.
5,
1942,
A
Assented
to
AAssentlng 4s of
AAssented
to
5ntreasury 6s
5,
1942,
7-j
M-S
(Int
reduced
A 6s
New
(City)
series
South
s
External
s
4s
sink
tCity)
Ext
4%s
1956
(Int
A
extl
I
s
(State
reduced
A Nat
Loan
§APoland
extl
(Rep
A4V2S
A
to
4%
98%
A-O
94
1994
J-D
88%
94
98%
Conv
95
——
*1051%
*45%
98'/2
105%
—•*
—
1051/2
38%
■
47
1st
2008
M-S
1959
7s__
M-S
—I960
——
383/4
22%
233/a
23
19 3/8
40%
25%
22%
22 3%
92
18%
22'A
22%
gold
f 7s
s
(City of)
to
to
(State)
22%
22'%
37
25%
14'A
24
1st
32
Stamped modified bonds—
A-O
*32%
A-O
24
w*
J-J
24%
26
7
35
35
1
24%
J-D
26'%
*49
16
143/a
1st
*36
7Vis—1952
Ref
Rio Grande do Sul
A 8s
A-0
(Int
(Int
F-A
2%)
2012
Plan
2.5% )
pursuant
reduced
*
to
to
Plan
to
41
40
*37%
A-0
533/4
533/4
to
41
453/a
353/4
—
533%
45
J-D
A7s
reduced
municipal
to
2
45
43
—
J D
1960
Plan
1
431%
M-N
*
Con
39
45%
5
45
36%
43%
35
38
473/a
—
loan
393/4
48'%
36
1967
—
50
J-D
—
'
48
48
48
1
Stamped pursuant to Plan A
(Int
flanta *v
§ASan
reduced
Paulo
to
(City)
8s_—-——1952
secured
extl
f
s
1957
43
97
96%
M-N
(Int.
reduced
Paulo
to
(State)
2%)
2012
8s—
1936
M-N
*41%
*38
__
j-j
40
(Int reduced to
2.5%)
1999
external
-1950
J-J
*54
Stamped pursuant" to Plan A
(Int reduced to 2.5%)
A 7s
extl
1999
M-S
*46%
48%
50
ll
50
Stamped pursuant to Plan A
(Int reduced to 2.25%)_.—-2004
A 6s extl dollar loan
-1968
*43
46%
„
45
46%
2
(Int
A 8s
reduced
.A7s series
A
Silesia
to
J-J
1940
3.5%)
Slovenes
as
secured
A-0
85 :
A-O.
78%
1978
B
sec
„
.
*40
84
extl
7s
M-N
—1958
A4Vis assented
3%s-4-4ye%
External
($
bonds
of
85
12
External
conversion
3 7/b-4Vfl-4.fr
extl
(City)
*27%
'■
M-N
227/B
2
102
;
8
—
—
*100
__
85%
—
86
29
40"%
66%
'
'
90
106% 107%
*103%
,103
100
A-O
*100%
Alleghany & West
1998
A-0
2030
M-S
»
gtd 4s
conv
5s
5 Vis
American Telephone &
—1949
—1961
deb
—
3s.
Wks & Elec 6s series A
AAnglo-Chllean Nitrate deb
gold 4s
4Vis
cum
3'As
series
income
(Subordinated)'
For
footnotes
E
\
—
75%
88
74%
84
86
.
96'A
108
102% 103
_
see
page
L_
2244.
224
733/4
493/4
274
31%
451/2
45
451/2
8
103% 103i/a
3
A-O
J-J
967/a
101
98
50
473/4
103 Va
21
86%
98
6
97%
104
101%
A-0
M-N
1962
A-O
1957
J-D
Certificates
of
& Adir 1st
•
*86
101% 102
104
104
116%
121%
104'/2
106%
102%
102
100
IO21/4
89'A
94
102 %
99
1031/a
104%
101'/a
104%
74
lOOi/a
121 Va
110%
115%
71
"5
94
2
104
87%
102
105%
106'/a 106 »/a
13
104%
107%
104
82
102%
105%
F-A
—Nov
1962
J-J
1955
J-J
.1948
F-A
&
ref
1st ref
gold
5s
1st
87%
7
78
87%
103
1033/4
40
103
106%
104%
102%
104 %
97%
88
97%
99%.
1
5
28
73
86%
88
100 3%
M-N
703/4
70
71
21
20%
21%
101
14%
22%
20
20
21%
246
133/4
23%
631/4
79%
J-D
J-J
A-O
1961
*70
393/4
1987
j-j
393/4
152
79
393/4
47%
5
29%
109
1
106%
14
109
J-J
cons
45%
49
411
38
50%
44
48
600
363/4
49%
421/4
41%
44%
98
3 4 3/8
RR ref
3s
46%
353/4
~3
423/4
105% 105 %
1031/2
106 %
108 7/a
108'A 108 %
29
107%
109
F-A
1031/4
102'/a 1033/a
65
96 3/8
A-O
*
F-A
*110%
M-N
1992
M-S
1996
M-N
1990
88
F-A
145
108"%
—
89
63
85
1041/a
111
89
145%
4
140%
145%
IO51/2 106 Va
16
105
106%
105Va 105%
1053/4
10
104
107 '/a
103
J-J
*103
1989
j-j
1989
gold 4s
2d consol gold 4s
4i%
1091/4
101
F-A
'
1960
.1946
96
7P/4
45%
1987
stmp_1942
53%
100% 101
109
J-j
1987
1974
Creek Br 1st 4s
Div
115%
87
88-
A
Chesapeake & Ohio Ry—
General gold 4%s
;
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
& A
110%
107%
A-O
—1974
to Aug 1 1949)
SACentral RR & Banking 5s
R
108'A
A-O
gtd gold 4s_1949
(4V4%
tACLicago & Alton
114
12
1987
Power 3s_
series
105'/4
1959
registered—
Y
106 3/a
1959
New Eng 1st gtd 4s
JACentral of N J gen gold 5s
A 5s
registeredAGeneral 4s
N
103%
J-D
1945
107%
96%
103'/a
104
1
tACent
Central
87
1053/4
8
1081/4 108%
J-J
M-S
AChatt Div pur
money gold 4s__1951
AMobile Div 1st gold 5s
1940
Central Illinois
Light 3%s
1966
A 4s
9
24
IO31/2 103'/a
*115%
106%
1945
104
1
F-A
M-S
1981
•
JCentral of Georgia
Ry—
A 1st
mtge 5s
Potts
105%
32
116%
111%
ARef & gen 5 Vis series
B
A Ref &
gen 5s series C
100
90
1173/4
118
J-D
1965
gtd gold 4s
'
1st
Jan
116%
116%
deposit
I
Guaranteed
112
2
9
1053/4 1053/4
1053/4 106 3/a
125
112
11
117%
117
115
109%
103% 103 7/a
120% 121
117% 117%
120%
109 i/a
M-N
1171/4
112%
103%
100
35
107 y8
112
115%
107%
103'/a 104
1083/4
103%
117%
J-J
1970
106%
5
16
J-J
1969
106
114% 114%
14
103%
2
22
106
32
103
109
146
*1073/4 108%
114%
114% 114%
116
105%
98
A-O
101%
119% 120
108
M-S
103Va
31
f-A
57
M-N
82%
46%
1951
32
1964
80%
46%
4%s
693
1975
82%
A-O
gold
Central Pacific
debs
due
M-N
1974
8 A Consol gold 5s
107
98'/a
102%
102
85%
109
Northern Ry deb
6%s___1946
Can Pac Ry 4% deb stk
perpetual
Collateral trust 4%s
i960
ti A Carolina Central 1st
gtd 4s
1949
109
Q-J
107'A
111%
*—
Guaranteed
104%
•
101'/a 102'/a
M-S
1091%
121 % 121.%
107% 108%
1995
105%
106'/a
111'/a
J-J
123% 125
1967
108%
15
16
106 %
111
A-0
108
Ark & Memphis Rv
Bdge & Term 5s 1964
& Co (111)—
mtge
--
1
—
102'/a
103%
106%
110 A
1063/4
109
1955
108
1975
A
55
„
1950
125
Armour
1st
*98
103%
~4
107%
4%s
108
A- O
& 109 A
107
4%s
A-0
A-0
106%
109
gold
M-S
1962
801/4
81%
108%
g5ld
J-D
—1969
Wat
1st
M-N
70%
63%
107
Guaranteed
i960
debentures
Arbor
105
1956
debentures.!
debentures
Ann
105
Telegraph Co.—
debentures
»1063/a
__
107
2
Guaranteed
103
3
64
*100'A 101'/a
Am
26%
103%
104%
„
103
106'A 106%
107% 1077/a
100
13
—
A-0
3s
17%
100
-*140
*105'A
A-O
91
J-D
1968
Celanese Corp 3%s debs
Celotex Corp 3%s
debs.
ACent Branch U P 1st
gold 4s
1946
Co
32
19
J-J
134
M-S
...I960
gtd 5s A
Canadian National gold
4%s
Guaranteed gold 5s
Oct
Guaranteed gold 5s
13
106'A
741/4
F-A
1952
cons
1
1948
1st
M-N
73
74
81%
107% 107%
106 %
106%
103%
98
1957
California Elec Power 3%s
Calif Oregon Power
3%s
Canada Soucnern
17%
Albany & Susquehanna RR 3Vis
Foreign Pow deb
F-A
1955
17%
103
81'A
32
—
gtd
17%
J-D
74%
F-A
87
F-A
3948
assented
M-N
M-N
105%
104
107%
100% 101 %
at
5s—
Cart
M-N
1071%
105 '/a
105% 1073/4
104
106%
106 Va 106'/a
1967
Carolina Clinch & Ohio 4s
F-A
106 Va
104
106 % 106 3/a
*1061/4 107
M-S
1021%
1043/4 1043/4
*106
11
131%
101%
101%
1981
(interest
25
1967
129%
15
106'/a 106%
106%
J-J
1969
98
102%
100%
1021/4 102'A
1934
modified
78
1946
1293/4 1293/4
■
97%
102%
„
M-N
-1947
Niag Elec 3%s series C
87
M-S
86%
A-O
1969
18%
'
97%
*1013/a 102
1021/4
M-S
1950
:
70
1972
Tobacco
3%s
78%
3Vis
conv.
f
s
1
1st
3s
mtge
3
„
86%
1961
f debentures.
s.
25
107%
97%
*102%
1293/4
F-A
F-A
72
96%
I960
RR
733/4
97%
J-J
1965
1967
Consolidated 5s
Bush Term Bldgs 5s
72
—•
"
-
*88%
1947
Albany Perfo* Wrap Pap 6s
1959
Canadian
86
97%
J-D
A-0
100
993/4100%
1955
series
78
1948
A-O
1960
4 6'A
——
*100
—
100%
A-O
1950
series II
22
Power
3'As
5s
78
Ambama
mtge
1951
G
22
3%s
Amer
3s series
J-J
J-D
J-J
1956
F-A
J-D
J-J
1
1960
debentures
55
1
"a
1951
ACertificates of deposit
Bush Terminal 1st 4s
22
•
22%
V-
F-A
Southern
3Vis
101
40
27 %
*84%
Great
Chem
100
91
39
12
*83%
1953
10-year deb 4%s stamped
Amer I G
861/4
3% to May 1, 1947) due
JBurlington Cedar Rap & Nor—
28
M-N
Alabama
&
185
>-3
1959
1951
1958
AStamped
Am
99
1958
Adams Express coll tr gold 4s_
Coll trust 4s of 1907
warrants
99%
1947)
50,
'
J-D
Railroad and Industrial Companies
tAbitibi Power & Paper—
8 A5s series A plain
1953
with
100 3%
1984
external 7s
A4Vis assented—.
6s
94%
54%
211/4
1978
4-4%-4%s extl readjustment
3Vis extl readjustment
A Warsaw
266
79%
101
1979
1,596
997/a
48
27%
„_1978
conv
733/4
99%
45%
64
*100
M-N
90
68%
Buffalo Rochester &
Pgh Ry—
12
J-D
1979
753/4
997/a
Bklyn Dnion El 1st gold 5s
Bklyn Union Gas 6s series A_;
Buffalo
1937)—
readjustment
332
733/4
mtge 4%s ser A
July 1970
tABoston & N Y Air L 1st 4S
1955
Bklyn Edison cons M'3%s
1966
43%
20%
21
J-D
M-N
89%
M-N
1951
stamped
M
Gen
5
F-A
1964
1
mtge 4s
4s
2
F-A
1960
fund 6s—
83%
*
(int at 3%%
due
1950
Boston & Maine 1st 5s A C
40
78%
1940
AExternal sink
85%
89%
85
mtge 3'As series H
53
20 3%
1958
AExternal sink fund 6s
66%
85
45%
78%
1955
Sydney (City) s f 5Vis
AUruguay (Republic) extl 8s__
453
66%
47%
203%
M-N
1962
extl
of)
(Prov
1962
85%
663/4
41
(Kingdom)—
external
998/a
78%
J-D
Ainc
37
1043/4
117
85%
461
40%
,
104%
629
36
__
Stamped pursuant to Plan A
Serbs Croats
103% 104
98%
F-A
1st gold 4%s series JJ
-
2012
.
1037/a
359
46%
105
85
1st
'
2% )
A-O
393/a
103i/a
85
393/4
Stamped pursuant to Plan A
(Int redueed to
5 A Secured s f 7s
103% 1043/4
44
5
773/4
1st M
§ A 1st & coll
J-J
J-J
104%
5
28
'
77%
4s
Stamped
J-J
1950
loan
water
40%
85
42
,
.
40
1033/4 104
107'A
85
mtge
43%
—
109 %
50
J-D
1993
Consol
37%
42
109%
96%
47
103%
to
Buffalo Gen Elec 4%s B
J-J
104%
A-O
1995
due
Jan
ref
45%
--
104%
27
M-S
37%
*54
—
36
55
M-S
97
,
42
—
110%
Feb 1 1960
ser
41
:
<■
Stamped pursuant to Plan A
A 8s
at 1%
due
42 3/a
*46
111%
(int at 1% to
due.;
2000
F (int at \% to
due
1990
90%
12
123
111
106 % 107
(int at 1 Vo %
1946)
36
97
Stamped pursuant to Plan A
I ASan
48
123
117
to
Bethlehem Steel Corporation—
Consol mtge 3'As beries F
1st
•
MS
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
A6%s
393/4
115%
110%
1107/a
110
1
105% 106
1071/4 108
ser D
gen
-
2.25%)—-2004
sink fund 4s—.1964
external
C
ser
1
4%
Beech Creek Extension 1st
3%s
Bell Telephone of Pa 5s series
C
Beneficial Indus Loan 2%s
403/4
"i
473/a
■'
*
—
1333/4
106
J-J
July 1948
Consol
2004
High
129%
106%
533/4
45
•
40
A
2.25%).
at
Toledo Cin Div ref 4s A
2%s
2012
(int
Pgh L E & W Va System—
Ref gold 4s extended to
'
(Int
Dec
AConv
50
37
_9
45%
A
2%)
pursuant
44%
1
18
„
45
M-S
Bangor & Aroostook RR—
F-A
..
Stamped
1043/a
42'A
43
453/8
1999
loan of 1926—
external
IOIV2
1
A
sink fund gold—.—1968
gen
&
4s
1946
to
71%
—
41
110% 110%
J-J
July 1948
due
Sep 1 1946)
"71%
491%
A
1921
reduced
Stamped
A 7s
A-0
1953
to
&
S'west Div
2.375%)_—2001
pursuant
A 6s external
49%
gold
1946)
Sep 1 1946)
48%
2
71%
♦103% 104'%
'
-
,•
(State of)—
extl loan of
Stamped
71%
F-A
1948
6%s
to
41
__
.
1
Ref & gen
1
!
M-N
—1947
de Janeiro (City of> 8s
Stamped pursuant to Plan A
reduced
377/a
January 1
Low
111
*111%
Range Slnee
Sold
No.
RR—
Ref & gen ser A
(int
Dec 1 1946)
due
49%
__
Plan
mtge
Ref
J-J
Ohio
gold 4s
Oct
28
44%
48%
A
A'Rlo
(Int
mtge
36
11
Bonds
B
Baltimore &
27%
25%
—
48%
1966
Plan
to
1948
24 3/a
32
——
24
J-J
18 %
to
2.25%)——2006
pursuant
J-D
1948
25%
111
M-S
—1953
*22
2001
extl 6s_
reduced to
M-N
—1964
mortgage 4s_
Atlantic Refining deb 3s
High
J-D
-July 1952
4s
*25
1961
APrague (City of Greater)
sec
cons
A-O
—
(Int
1st
Friday's
Ry—
1963
A-O
1947
8s
pursuant
Stamped
1946
Line
A-0
1968
reduced
AExternal
Air
122%
J-D
gold 5s
1961
pursuant to Plan A
(Int reduced to 2.375%)—
AExternal loan 7%s
Queensland
1st
1940
ser
6s__,
6
.132% 132%
122'/a 122%
122% 122%
J-D
1960
General unified 4%s A—
Atlantic & Danville
Ry 1st 4s_
Stamped
(Int
—1955
1910
Charlotte
132%
J-D
24 3/a
■
J-D
or
Bid & Asked
M-N
1955
Second
1st ser
Nov
1995
mortgage 3%s
Atlantic Coast
A-0
1995
1909
1958
of)
1995
—
1905-
gold 4s of
&
4s
4s
Atl Knox & Nor
.
Stamped
gold
gold 4s of
Conv 4s of
Atlanta
*98% 100
M-S
M-S
Stamped
Conv
90
•
1947
Adjustment
98% 100%
1
Last
Sale Price
Low
Atchison Topeka & Santa Fe—
General 4s
101
95
94
t—
York
Teletype—NY 1-310
Week's Range
Interest
Period
100%
88
——
*95
AExternal sink fund gold 8s
—1950
A 4 % s assented
-——1963
APorto Alegre
100%
t
*88
,
__1967
2d
1
2
99 5%
*96
assented
s
101
99%
*100
Friday
New York Stock
Exchange
103%
M-N
assented
Stabilization loan
a
97
M-N
7s
f 6p
s
103
2
1963
2.125%)
f 6s
s
977/a
101%
993/a
J-D
1953
.
B
of)
Bell
—
7
A_l9o3
ser
as
external
loan extl
—
101
101
F-A
1970
sink fund 4%s
iRep oi)
Nat
—
101
Stamped pursuant to Plan A
APeru
—
102
101 Va
A-O
_1963
f 5s
s
New
4-4933
120
101
M-S
1965
4V4S
ref 3%s series
sec
*105
—
A-O
loan—.
AStamped assented 5s
Stamp mod 3'As ext to_
ApWnambuco
♦115
F-A
—1958
fund
(Rep;
M-N
1957
fund extl
A Panama
J-D
& RUST
Exchange
45
41
1
(State)—
Municipal Bank extl
Oslo
383%
37
—
41
Stock
37
118
41
1952
5s
sink
50
*45%
—
York
Broadway
46%
'
New
BONDS
7s
(Kingdom of)
External
M-S
37
A
f 5s
f
Membert
61
383/4
1
PFLUGFELDER, BAMPTON
—
Telephone—DIgby
1959
Wales
45%
15
22%
—
—
41
2.125%)—2008
A
External
Norway
to
17'/a
22%
21
45%
__
11'/a
12%
—
*
1959
Stamped pursuant to Plan
A Montevideo
15'/a
*19
—
9'/a
16
—
*22Vi
—
1958
1 b%s
s
11 '/2
*16%
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2008
ASec external
13
*14
agree
f 6%s
s
17'/a
10%
11%
7- J
asspnt___ 1933
5,
18
Railroad Reorganization Securities
18%
16
15
agree
1913
ol
18%
—
18 '/2
*11
agree
1942,
1943
AAssented to Nov.
Mlnas Geraes (State; —
ASec external
1942,
5,
1910
Nov.
*18'/a
*16Vi
j-D
1954
Nov.
*20
agree
AAssentlng 4s of 1904
ENDING MAY
January 1
Low
High
Mexico—(Continued)—
A
WEEK
Range Since
Sold
Low
AMexico
FOR
Week's Range
*1293/4
J-J
*125
1949
A-0
50%
49%
103
1283/4
51%
2,558
130
126
__
126
32
51%
THE COMMERCIAL
2242
Monday, May 21, 1945
& FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Friday
BONDS
or
Since
I
General 4s__
1958
1977
—:
B
1st & ref 4%s series
1974
1st & ref mtge 3%$
Eastern 111 RE—
mtge inc (conv),
114
114
114%
20
111 %
114%
Elgin Johet & East Ry 3'Asi
115
115%
51
112%
115'/a
105% 105%
13
104%
106%
69%
122
AGen
1997
Chicago fe Erie 1st gold 5s—
Chicago Gt West 1st 4s series
AGen inc mtge 4Y»s
M-N
,75
60
J-J
99
98%
99
2038
J-J
75
73%
75
32
94
95
90%
36
1st
100
75%
2
84
cons
95
112%
A-O
1902
I
—.^.j._1995
99%
Div
—1947
J-J
J-J
87%
88 '/2
17
79
J-J
83%
83
84
30
72
23 T
20%
23
326
15'A
23
Firestone Tire & Rub 3s deb
M-N
24'A
134
16%
24'A
Fllntkote
107% 107%
4
—197S
Mtge gold 5s series A—
AConv adjustment 5s
A
Chicago
Jan 1 2000
& North Western Ry—
mtge
2nd
1999
income 4Vis
conv
1st 5s
tSAChicago Railways
25 % part paid—,
stpd
—1927
Island & Pacific Ry—
tChicago Rock
A General 4s
1988
——
of deposit
gold 4s
SASecured 4Vis series A
A
Certificates
J-J
1934
1952
•AConv gold 4Vis
1960
Chicago St L & New Orleans 5s__—1951
Gold
3 Vis—
1951
Meihphis Div 1st gold 4s
1951
Southeastern 1st 5s__-I960
guaranteed 5s——Dec 11960
ACertificates of deposit
Chicago Union Station—
1st mtge 3 VsS series F
1963
Chic T H &
mtge 2%s
19o2
1962
4%s series D
1st & ref
—1943
t§AChilds Co deb 5s——
§ A Debenture 5s
& Gulf cons 5s
tAChoctaw Ok
1952
Elec 3Vis
1966
1967
Gas &
mtge 3 Vis
Cincinnati
1st
—-1957
Union Terminal—
gtd 3%s series E
2%s ser G:
Cleve Cin Chic & St Louis Ry—
General gold 4s
General 5s series B
Ref & impt 4 Vis series E
Cin Wab & M Div 1st 4s
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
Cincinnati
.
mtge
1969
1st mtge
1974
1st
_1993
1993
1977
1991:
1990
1970
Cleveland & Pittsburgh RR—
Series C 3Vis gtd
Series D 3Vis gtd————-
Line 1st gtd
Cleve Short
Term gtd 5
f 5s series B gtd
f 4Vis series C
Cleve Union
1st s
1st
s
4Vis
Vis
—1945
1st gtd 4s
Coal River Ry
& Southern
Colorado
1948
1950
1981
1972
1973
19»7
Ry.—
1980
1952
(stamped modified)
4Vis
Columbia Gas & Elec
Debenture 5s
deb 5s
—
1st extl gold
Columbus & Sou Ohio El 3 Vis
Columbus & Tol 1st extl 4s—
Commonwealth Edison Co—
Columbus & H V
1961
4s__1948
_1970
1955
3Vis
1958
series L
1977
COnn Ry & L 1st & ref 4Vis—-—1951
Conn River Power s f 33/4S A
1961
Consolidated Edison of New York—
3Vis debentures
1948
3%s debentures—
1950
3Vis debentures—
1958
Consolidated Oil conv deb 3Vis—-1951
JAConsol Ry non-conv deb 4s
1954
conv
deos
3s
mtge
1st
ADebenture
Debenture
1955
1950
4s
4s
A
Power Co—
Consumers
1st
mtge 3Vis
3Vis
1st mtge 3'As—
1st mtge 3'As
Crane Co 2'As s f debs
Crucible Steel 3'As s f debs_,
1st mtge
—1965
1970
1960
1969
1950
1955
Ry 1st 5 Vis
ADeposit receipts
ACuba RR 1st 5s gold
ADeposit receipts
A7 Vis series A extended to
ADeposit receipts
A6s sOries B extended to
ADeposit receipts
Curtis Publishing Co 3s deb
|ACuba Northern
1942
1952
1940
----
.-1940
----
1955
15
88
111
95%
117'A
114% 116'
36
96
117V8
117% 117%
J-J
117%
J-J
10
96%
1,203
2,275
96%
26%
25
26%
of
J-J
90
87%
90%
26%
77 %
94
83%
78%
103%
95'A
ACertificates
*83'A
i
774
—
Gas & Elec
:A4s
47%
485
52%
73'A
19
105%
22%
3,043
1
23%
13%
102
105 %
95
*99%
J-D
99%
91
J-D
98'/2
97%
98%
J-D
98
97%
98
26
94%
99%
M-S
90'/2
90%
92
21
83%
110%
5
105%
103% 103%
10
102%
105
110% 110%
32
108
111
106%
5
105'A
97%
13
90 Vi
97%
37
90%
59
76
A-O
97
A-O
97%
M-N
98
100
107
107
107
F-A
108% 108%
J-D
*112'A
F-A
F-A
110%
J-D
110% 112
*121%
J-D
98.
101'/a
73
75
55%
124
98
1
106%
109
106%
108%
111%
1949
Oct 11945
Ry 5s
—1934
J-J
,—'_i
deposit
of
*100%
119%
3
128'/a
137%
129%
5
121
Va
129%
107
112%
—
__
J-J
93
92
93'/a
151
83
94%
J-J
88%
88%
89
27
80
90
105
26
101 y4
105%
108% 109
18
108
109'/a
107
106%
103%
107
106
109
27
106
111%
108%
107 % 107%
Feb
*76
167/a
52
13%
103%
29
102%
104%
6
101%
106
103
103
J-J
105%
105% 106
J-J
98%
Gulf & Ship Island
98%
12
14
98
98
J-J
*98
M-N
110
1999
t§AHousatonic Ry.cons gold 5s—1937
Hudson Coal 1st s f 5s series A—1962
Hudson Co Gas l3t gold 5s—
1949
Hudson & Manhattan 1st 5s A—-1957
A Ad J income 5s
Feb 1957
J-J
ref Term
&
104
98%
J..1952
1969
1st
Gulf States
99%
91
102% 103%
A-O
1969
18%
17%
16%
A-O
2015
84
74
108 %
110
98%
110
H
Hocking Valley Ry
'lst 4yas
139%
*143% 144%
144%
100
90
M-N
99
99
10
J-D
86
113
72 Va
86
84%
82%
115 %
115 %
1
115%
F-A
78%
77 Vi
80
219
64 Vi
80
A-O
39 y4
38
41%
619
30%
41%
103% 104%
7
102%
105 %
103
104
103
103%
107
109%
105
15
*107
J-J
Feb
RR—
M 5s stpd
Utll 3%* series D
110 %
47
J-J
-
A
12
105 % 105'/a
106% 106%.
105%
J-J
Corp 3sr debs__
1959
Mobile & Ohio 4s series B—_1973
112
111% 111%
J-J
B
Gen mtge Inc 5s, series
1st & ref 3%s series D
123
11
129
J-J
Greyhound
Gulf
__
J-J
—I960
deb ctfs A
ctfs
98
J-J
mtge' 3%svser L——1970
3%s ser M
—1980
A Debentures
48'/a
98%
91%
—
AGreen Bay & West
49 %
89'/a
122% 122%
137% 137%
J-J
1952
1973
—,—1976
J.
1977
1967
mtge
Gen
105%
40
__
*101'/a
J-D
•
mtge< 3%s ser K—*,
Gen
73
103%
4
II..'
*100%
—
—1947
5s
3%s series 1
mtge
33
39%
104%
7
73
104
68
59
68%
J-J
of deposit
General 4 Vis series D
Gen
69%
103% 104
48%
49%
69
J-J
_
112%
102
21
57
103
74
103% 103%
J-D
General 4%s series E
100
7
—
103% 103%
■
128%
99%
__
*__
—1958
General 5s series
107%
105% 105%
M-S
128%
120 %
69 %
70
103 %
M-N
M-S
Grays Point Term 1st gtd
Great Northern Ry Co— »
General 5 Vis series B_iJ
Geft
106% 106%
J-J
M-S
1949
Ala
&
Certificates
92
83
93 Vi
*_,
103%
104 %
127
-127
___1974
t§AGa Caro. & Nor 1st ext 6s_
94%
J-J
105%
117%
*101%
deposit,—,,,,,,,
SteeLCastings-5Vis
JAGeorgia
98'/a
__
13
J-J
104
103
17
,104% 1047/a
*128%
J-D
& Utilities Corp—
debs
1969
inc
67'A
71%
20 V2
M-N
2,085
105% 105%
71
M-S
J-D
67'A
73'A
64'A
65
A-O
340
of
of Berg Co cons 5s
Realty
conv
Certificates
99'A 103%
102'A
II
:
1959
coll trust 6s
Francisco Sugar
Gen
J-J
j,
1st 4 Vis
Alst & ref 5s series A
►
General
F-A
deposit
1047/a
96%
17%
80%
94%
A-O
69
68 %
96 Vi
-
1943'
J-J
II
-M-N
119
F-A
•
Indiana com 4s
& West
Chic
G
ser
JFlorida East Coast
95
115
116
J-J
Income
1st
114
92 3A
M-N
1958
,'„i
t AFlorlda Cent & -Peninsular 5s
116
108% 108%
J-J
104%
*106%
1981
Co\3s debs
108
105
121
111% 112%
112 Vi
J-J
100%
89
Certificates
——
I ARefunding
22
24'A
106
88
102
84
,_,1947
A 1st' & gen 5s series A
1968
a 1st & gen 6s series B,,_,rMay I960
Chicago lnd & Sou 50,-year 4s.
1950
tChicago Milwaukee & St Paul—
AGen 4s series A
May 11989
AGen gpld 3%s series B__May 11989
AGen 4 Vis series C
May 11989
AGen 4Vis series E
-May 11989
AGen 43/4S series F
May 11989
tChic Milw St Paul & Pac RR—
J-J
103%
105%
42
256
110
100
95
series B—1947
gold 5s
A Refunding
ARefunding 4s series C
113
106%
*104%
-M-S
107
106%
37
100%
99
High
103 7/a
105%
103%
111% 112%
A-O
1
Low
102%
105% 105%
J-J
-J-J
201-5
1964
:lst mtge 3%s-u_....,.^.1971
mtge inc 4 Vis series A—
1st cons mtge 3'As ser E
January
Sold
No.
*110'/a 1107/a
101
101Va
-J-J
t
-
M 4s series B
Gen
65'/a
Hich
Range Since
Bonds
*106% 106%
A-O
-
,1963
Railroad Co—
kine
Ohio
.
1965
stamped
140
132
*138
A—1988
Ry—
lnd <K Louisville
ARefunding 6s ser A—
tChicago
68
68%.
J-J
1982
5s
;
Empire Gas; & Fuel-3%s
&
Chicago
Friday's
Bid & Asked
♦102 y4
M-S
,1970
El Paso & S W 1st 5s
F-A
115
105%
or
J-D
1950
*.
J-J
F-A
Sale Price
Low
Elec Auto-Lite 2%s debs
Qulncy RR—
Chicago Burlington &
Last
Period
High
Low
No.
Week's Range
Interest
Stock Exchange
New York
January 1
Sold
High
Low
Range
Bonds
Bid & Asked
Sale Price
Period
Friday's
Friday
BONDS
Week's Range
Last
Interest
Stock Exchange
York
New
FOR WEEK ENDING MAY 18
111%
105
M-N
J-J
•I*.
M-N
F-A
*107% 107%
115%
115%
*107'A
A-O
M-N
107% 108%
A-O
106%
A-O
17
105%
108%
14
104%
107%
Illinois
105% 106
102
.1951
gold 4s
gold 3%s
102%
107
■1st
100
Extended
1st
J-D
-
77
76%
78
104% 105
M-N
105%
J-J
105%
105
*107%
A-O
74%
79
103
22
4s—
Purchased lines
Collateral trust-gold 4s
110'%
Refunding' 5s—
*109% 110%
109%
F-A
*114'/8
114
—
114
1955
M-N
M-N
93%
*105'/a
107
F-A
116
123%
105%
108%
111%
112 %
Omaha
,,
106'A
107%
St. Louis Div &
.122%
281
107
107'A
32
J-J
*112'A
F-A
*107
1st gold 3s
Div
—
102%
102% 103%
9
102%
103%
A-O
105
104% 106%
11
103%
106%
Springfield Div 1st gold 3%s^—
Western Lines 1st gold 4s.—i—
106'A
J-D
105
106'A
2
105
107
105
J-J
105
105'%
40
103
105%
5
57
69
Joint 1st
58%
68%
1st
J-J
J-J
*68
J-J
69
69
69
57
69
104%
108'/2
M-N
108%
ser
D—
AVJT
GHAUU
MiUiaUajJUija
W*-*
U /JO
mtge 3s series
16
48%
50%
Alst
81
81
10
81
85%
Alst gold
*47%
103%
34
■
s—
991/2
105
97
102
81 Va
97
J-J
**^.*.000
F^._1961
5s
5s series C
49
47%
50%
Int
101
15
104% 104%
*103
—
MM
MM
__
J-J
Int
102% 102%
A-O
*96%
92%
91
52
67
96
86-
71%
66%
89
55
76%
47%
5
96
73%
71%
~2
95
1
69%
48'/2
93%
96
178
SAInternat Hydro El deb 6s-——1944
Internat Paper 5s- series A &- B—1947
Ref sink fund 6s series A———1955
66'A
93%
J-J
247
—1950
,——1956
B_
series
49
48%
1
1950
49
66'A
J-J
82'/a
85%
57%
*66
83%
5
■
95%
90%
59
J-D
2
93'/a
89%
*57
j'-D
92%
93
85%
J-D
51 %
95'/a
92%
101% 101%
90%
^International Great Northern RR—
A l,st 6s series A1952
A Adjustment
6s series A—-July 1952
47
6
F-A
85%
Inland Steel ist
47%'
90%
105
102'%
__
J-D
103
*46
74
J-D
110%
J-J
201
1963
103%
49
88%
105%
1963
102
60
94%
1950
&
102%
109
84
45
100%
.'
103
—
54
87
95%
95
93%
99
F-A
103'A
*102
93
104% 105%
100
1951
103
*110'A
A-O
84%
MM
1951
J-D
M-N
26
MM*
J-J
1903
108 %
107 Vi
95 '/a
*100%
—
106
107%
107% 107%
M-N
100%
*104% 105
Chic St L & N
ref 5s series A_,
ref 4Vas series
1st ref mtge 4s
69
108% 108%
♦105%
M-N
Registered
111 Cent and
88%
J-D
J-J
1951
1951
Gold 3 % s
A-O
...
.1951
Term gold 3s__^.
97%
57
J-J
1950
—
122
J-J
88%
F-A
Bridge gold 4s
—
.1951
•Litchfield Div 1st- gold 3s___j
Louisville Div & Terra gold 3yas. 1953
Cairo
89%
94%
95
M-N
1968
h
100% 100%
— —
J-J
75
75
95%
95%
.1955
4%s_
40-year
*«**
MM,
MM
,,
80
*__
"
^— .1953
—
MM*
*100%
M-S
3%s
1061/2
108%
—
*100%
MM*
A-O
A-O
.1952
103%
M-S
.
.1952
^—-.
108
43
__
♦103%
J-J
J-J
.1951
—
Refunding-'
105%
103%
J-J
.1951
gold 3s sterling—
Collateral,trust gold 4s
82%
.
.1951
gold 3%s
1st
1st
M-N
,
Central RR—
100
105%
A-O
Y%s series A— .1981
Illinois Bell Telep
105% 106%
Rys Cent Amer 1st 5s B—;
^1972
Telep & Teleg deb gold 4%s—1952
,—1955
5s_—
Debentures
103%
1st & ref 4 s
IA Iowa Cent Ry
1951
95 y4
J-D
1
*105%
82%
105%
__
82%
82%
14
75
106'/a
82%
*111
M-S
A-O
.
'
106% 107
—
6
106%
107%
80%
47%
79%
81'/a
63
62%
84
A-O
47
48%
393
28%
49
J-J
76'%
76%
76%
20
58%
J-J
76
76
77
26
58%
77%
A-O
82%
79%
82%
185
74%
88
104% 104'/a
13
J-J
104%
J-J
M-S
*109%
M-N
*102
'
MM.
MM
MM
101%
J-J
101%
101
F-A
104
103% 104
78
104
105
107%
lll'/a
102
102%
95%
102 '/a
177
99
104%
5
51
7%
8
7%
50
94%
M-S
7%
95%
31
88%
96%
103% 103%
10
103%
104%
103
105%
D
1st mtge 3s
1970
Dayton Union Ry 3'As series B—1965
Delaware & Hudson 4s extended—1963
Delaware, Lack & West RR Co—
N Y, Lack & Western div
1st & ref M 5s ser C
1973
Dayton P & L
mtge due
—1993
Delaware Power & Light 3s
1973
JDenver <fc Rio Grande RR—
§ Alst consol 4s
1936
§ AConsoi gold 4Vis
1930
jDenver & Rio Grande Western RR—
,
ilncome
AGeneral
A
1978
1965
mtge 3'A3 series G—1960
series B
Edison 4s series F
Gen
& ret
Gen
&
107'A
46
107
108%
85
98
107 y4
107%
105% 10 7'A
Jones
102
AT-N
70
102
70
66
108
3
101
J-J
66%
66
68'A
J-J
68
67%
69
57%
106
422
19%
15'A
17%
557
61
60%
62 Vi
145
A-O
108
108%
23
18
16%
72%
73%
Mich 1st gtd gold 4s—1990
Kansas City Fort Scott & Mem Ry— ,
5 A Refunding gtd' 4s
——1936
ACertificates of deposit—
Kanawha &
5%
21
108
*107% 108%
M-S
107% 108'A
106%
108%
Detroit & Mackinac 1st lien
gold 4s
Detroit Term & Tunnel 4Vis
Dow Chemical deb 2'As
J-D
gold 4s 1995
1995
1961
1950
Dul Miss & Iron Range Ry 3Vis—1962
I § A Dul Sou Shore & Atl gold 5s
1937
Duquesne Light 1st M 3Vis
1968
ASecond
34
M-S
5
114
Af-N
34
114
3
-*103
A-O
108%
J-J
60
J-J
106
108 Vi 108%
58Vs
106
60
107%
109
56
28
35
Plain
unguaranteed
El L & P 6s
Kings Co Lighting 1st 5s_—
4%s
Kings County
ref
31
42
21
110'/a
114
102 %
103%
1987
-1961
:
—1961
—-—1961
—1961
Stamped
109%
106
103%
Koppers Co
106%
109'A
jAJtreuger
45
105%
1st
&
6%s
Ed El 111
(NY)
1st
For footnotes
cons
see
gold 5s
page
2244.
1950
rays
M-N
119
...
*156 '/a
119
,,
116ya
lOi
103%
J-J
1954
1964
1959
Mich Sou gold
registered—-
3%s
1997
——1997
*104
A-O
89%
90
A-O
100%
J-J
105
jV
90%
89
A-O
89
J-J
*75%
106
1
80%
101%
67
92%
105%
118%
68
J-J
*105'/a 109%
106
104
—
79
101
79%
*106%
182
89%
93
106
J-J
A-O
91
35
*120%
J-J
81%
118%
100% 100%
105105 %
J-J
118
104
102
102
182
173
%
182
106
105%
109
J-J
*__
J-J
105% 105%
1
105%
110
105%
31
102%
105%
6%
44
4%
9
105%
110'/a
102%
108
105
A-O
6%
M-S
8
61
108%
3%s
& Ga Div 1st 5s
1997
1954
1st mtge 3s
St Toll bs ctfs
Lake Sh &
aast Tenn Va
—Apr 1950
5s—
Kentucky
Kentucky & lnd
107%
10
*47%
1970
H
3s—1950
Central gold 4s—
Term 4%s
19
66%
5'A
48
J-D
3s series
impt
&
Ref
Southern Ry 1st
54%
.
J-D
K
70 %
109
61
311
16%
A-O
F-A
4s_——1959
1961
8teel 3'/4s^
102
59%
74
& Laughlin
Kansas City
J-D
ref
99%
99
69
108
M- N
A-O
Frankl & Clear 1st
James
—
ARef & impt 5s
Detroit
107% 108
*104
J-D
Af-N
F-A
1955
f 5s
s
Assented
107%
J-J
119%
157
Lautaro Nitrate
.
Alst
Co Ltd—
mtge income reg
1975
J-D
108%
Dec
108% 109
'105
J-D
60%
60
60%
47
50
60%
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
2243
NEW YORK BOND RECORD
RANGE
-
Friday
BONDS
Exchange
Stock
York
Interest
Last
Period
New
Sale Price
or
HioK
Cons Sink
fund
f 4V2S A____ 1954
s
J-J
C—..1954
J-J
A-0
105
4%s
series
Lehigh & N Y 1st. gtd gold 4s
&
5s
sink fund
ref
5s
N Y Gas El Lt H & Pow
106
8
104%
104
105
99%
N
Valley
Y
ext
Lehigh Valley RR—
4s stamped
modified—
4s registered
4%s stamped modified
Vz
registered
modified
s
5s stamped
F-A
89%
95 y*
96
m-n
64%
61
65%
58%
61
m-n
59%
66%
62%
67
62%
59%
62%
m-n
71%
67%
72
A-O
92 y4
91
92%
59
132% 132%
1
a-o
Liggett & Myers tobacco 5s_——1951
A-0
1962
1949
ref
1949
J—1949
M-S
—
Louisville
Gas
Louisville
&
5s series
1st &
Unit
M 3%s
ADebenture
1st
4V2s
RR
coll 4s
93%
1271/4
121
109.1/4
106%
73 »/4
71%
73%
86 y2
85%
87
35
34%
35 %
418
1967
j-d
71%
70%
72
252
106%
107%
119
_1954
50-yr
82
1954
32
101
—
102i%
10
100
1011/4
4ViB
adjust
1141/8
86
68 V'2.
5
& Bost
101%
WW
104% 105
3
102%
106 Va
99 y8
102ya
16%
23%
22%
■2
•/
105%
J-J
103
103
M-S
98%
109% 109%
107%
*89%
91
75
-i-
113
114%
4
104%
J-D
118 Vi
118 y4118%
8
97%
Q-F
12%
14
7
11%
5%
30
9%
108
106
106
1
105%
107%
J-J
74
75
13
52 Va
76%
F-A
f-a
41
7
23
23
8
*97
102
41
23
M-N
98%
99
J-J
72
1990
J-D
88 y2.
99
98%
Ohio
j-j
107 VB
*107%
1946
j-j
1966
M-S
109% 109%
34%
—1962
71%
73%
298
71%
34%
36
89
147
77%
82
81
J-J
84 %"
83%
A-
Jan 1967
A-O
83 V2.
81%
.
90Vi
24
84%
2,8
83%
'
49
821/4
88
.80%
49
'
74%
—.1968
F-A
1977
*
87%
87%
89%
104
33
378
1981
F-A
87%
87'A
891/4
294
72%
M-S
89
88%
89
17
79%
106%
4
107
108%
111%
'
113%
A-0
1965
J-D
108
A-0
-;
1st &
108
111% 112
—
,
.
—,
4
lG6%106»/8
'
7
105%
*99
1958
M-N
102% 102%
2000
J-D
76%
75%
76%
142
62%
gtd 3 Vis
series A
M-N
82%
81%
82%
85
69%
M
5s
Constr
M
4Vis series B—
.-1955
Mountain States T & T 3 Vis
1968
J-D
19*7
M-N
Fuel Gas 1st gtd 5a—
M-N
76%
76%
100%
96
101
3
141
77
109
109%
'
'
St L 4s series A
%
3 Vis
mtge
69%
1031/4
1031/4 104
17
108
107% 108%
61
1949
M-S
1965
A-O
—1954
——1948
5s
gtd 4Vis series B
Junction RR gtd 1st 4s
-1961
1988
New
Jersey P & L 1st mtge 3s—-1974
New Orleans Great Not 5s A
1983
E 1st ref & imp
4Vis
1952
gtd 4s__—1953
1st
{New Orleans Texas & Mexico Ry—
SANon-cum inc 5s series A
1933
ACertificates
deposit
83
108
109%
478
99%
109%
States
1954.
deposit
—
C
deposit
1st & ref
RR
guaranteed
Edison
Gas
ref
1st
4%s
Consol
stpd
—
5s
cons
100%
106
106%
106
F-A
M-S
J-J
*102%
107%
27%
77
93%
107
228
93%
107
105%
107
102
103%
107%
__
107% 107%
110
26%
277/a
170
20%
105% 105%
1
103%
106%
100% 100%
4
100%
100%
100% 100 y2
100%
2
29
100 y2
100%
102% 102 7/a
2
102 %
103%
J-J
102 7/a
102% 103%
2
102%
j-j
103 %
103% 104
5
103%
105%
105V2 106
27
104%
106 y*
102%
J-D
1940
-
A__1960
A-0
—1946
J-D
102%
102% 102%
12
101
1960
J-D
107%
107
27
106
1970
J-D
106% 106%
—1971
J-D
106
1974
J-D
ser
105 %
Gen
gold
Cons
A
series
105%
107% 108%
19
107%
108%
F-A
107%
106% 107 %
4
106%
107%
M-N
108 %
14
107%
108%
107%
108%
1970
—
.
104%
F-A
J-D
122%
1968
;
104% 104%
127
-1965
B
series
1960
A-O
108% 108%
*108%
M-N
May 11948
A
107%
J-D
133
127%
122% 123
132% 133
53
104J/4
105 %
7
124%
128%
68
118%
124%
126%
1952
A-0
105%
losva 105%
34
103%
105%
1985
J-J
104%
104% 104%
90
102%
105%
2
108%
109 J/4
Conv
108 %
Gen
105
Peoples Gas L & C ref 5s
106 y4
Peoria
.
3Vis
deb
-
mtge 3yss ser F
Eastern
&
A Income
112%
100% 101
Peoria
96
6
112%
4s
4s
1947
101
A-0
86%
88%
27
78%
Apr
52
53%,
20
49 y4«
Ry 5y2s
—1974
F-A
*106
1980
M-S
99%
1952
J-D
105%
1974
F-A
*136'/8 139
1977
J-J
*130%
1961
J-J
1971
J-D
1967
M-N
1974
M-N
Pere
Union
100 Vi 100%
13
95
100%
114% 1151/4
46
114
115%
Phila
124% 124%
8
123%
126
F-A
&
Wash
General
5s
series
gold
Bait
108% 108 %
M-S
.—i960
Apr 1Q90
ext
—
Pekin
&
1st
86%
99
106%
Va
99%
105% 106
92
23
99
105%
90
57%
107%
100
106%
gold 4s—
131 %
138
'
100
*100%
103""
J-J
■
100%
General
108
M-S
108
6
107%
108 Va
Philadelphia
105
105
1
104%
106%
Phila
107% 107%
1071/4
10
104 »/8
108
1st
&
106% 1071/4
48
104%
107%
1st
and
ref
*81
70
96
96
*85
80
F-A
96%
*85
92%
92%
96%
96
,
92%
*85
•
97%
40
81
32
101
83%
100%
83
100
95
99
100%
J-J
1997
J-J
1998
F-A
,1998
F-A
'92%
1998
F-A
92%
921/4
199a
F-A
87%
1978
M-S
1975
94%
106%
41
104%
19
94
95%
28
97%
105
87
97
83
94
13
82%
95
87%
1
81%
99
102%
102% 102%
64
102%
103%
J-J
106 VB
106
106%
19
1051/a
106%
1965
A-0
106%
106% 107%
14
106%
109
1951
F-A
102% 103
12
100%
104%
1965
A-0
IO51/4 105%
35
105 Va
107%
i960
A-O
107%
109
93
8
Pitts &
'
*1051/4 1081/4
cons
J
131%
105%
108
102%
104%
21
101%
104%
102% 103
2
101%
104 %
254
50
103
103
246
1962
1st
of
s
f 4s
M-N
*105Va
1963
M-S
106 y4
1937
j-j
1st 4%s series A
22
*17%
1964
1963
4%s
4V'o series B
W Vi
23
deposits
cons
1st mtge
Chicago & St Louis—
1051/4
23
*102% 103 %
248
.Apr 1964
guaranteed iy2s„1964
Gen mtge 5s series A—
1970
''Gen mtge 5s series B1975
Gen mtge 3%s ser E
1975
Pittsb Coke & Chem 1st mtge 3y2s_1964
Pitts Steel 1st mtge 4y2s
1950
100% 107%
,
123%
__
107% 108
103y4
Reading Coal—
Pittsburgh Cine Chi & St LouisSeries D 4s guaranteed
—1945
Series E 3l/2S gtd gold
1949
Seriis F 4s guaranteed goldx
1953
Series G 4S guaranteed—
1957
i: Series H
cons guaranteed 4s-—-I960
101
1997
103
&
Phillips Petroleum 2%s debs
99%
105
—
debentures
87
105%
2%s
2%s
ACertificates
f
*100
ref
2%sj
M
t§APhilippine Ry
"
J-J
&
C
4yis
203% 255
88
3s
96
100
*85
101
3
96
80
100%
98%
80
25
series
tr
AGen mtge 6s income
Philip Morris Ltd deb 3s
77
81
96
86
77
81%
coll
1st
ref
Philadelphia
A-O
4y2s
Co
Electric
188
110%
2
107%
1948
;
104%
98
2244.
108%
—
106% 106%
F-A
133 V*
96%
page
*108 Va
J-J
126%..
96%
,
J-J
118%
A-0
Y Dock 1st gold 4s_
3 Vis series D_
1st lien & ref 3Vis series E
111
105%' 105%
—
126%
2013
N Y Edison
*105%
118%
Series
N
109%
110% 110%
M-N
J-D
14
Series I
Connecting RR 3Vis A
105%
114
50
94
Y
103%
112%
22
92%
N
1
126
78%
D
104% 104%
M-S
125% 126
82%
mtge 33/4S series
M-N
109
126
imot
C
107
125%
&
registered
110%
107
126
Ref
registered
Mich Cent coll gold 3Vis
109
6
107
A-0
509
3Vis
107%
19
Vi 109'A
J-J
245
gold 3Vis,
33
109
1981
91%
-
108
1984
91%
3Vis
104%
_1974
4s_
5s
90 'A
C—
34
1968
124%
F-A
105% 106 %
1969
115
A-0
107 y4
107
1981
mtge 4 Vis series E
90%
4Vis
B
D
ser
100y4
A-O
107%
105
J-D
1952
M-N
J-J
108%
105%
19
107 Vb 107%
105%
A-0
5s_1949
3
106%
J-J
—I960
J-J
J-J
107%
Gen
91
Ref
1960
1960
—1955
i960
cons
stpd -dollar—
3%s series C
4y2s
911/a
Ref
3y4S series B
sinking fund 4y2s—
F-A
Hud River
3s series J—
3%s
mtge
A-O
registered
Co—
J-D
—.
5b series
gold Bs
Marquette Ry 3%s ser D
melps Dodge conv 3Vas deb
!
of
series
1st
105
10
*112%
J-J
1950
:
deposit—.
A
see
F-A
——1948
Electric
&
sterl
4s
109%
2013
footnotes
107
86%
Pennsylvania RR—
—1998
series
4s
debentures
impt 4Vis series A
coll
104
mtge 2Yus series I
ref
&
&
Lake Shore
104% 107
107
1964
1st mtge 3s_
2%s„
—_j
mtge,
Ref
&
107
j-j
——1974
102%
105% 106
J-D
1954
D
4s
j-j
1967
intge 3%a
..1st & .ref 4%s. series
*107
;
deposit
Newport & Cincinnati Bridge Co—
General gtd 4 Vis
1948
Central
2047
2047
-
72%
Co—
Penna Power & Light 3yas_.
110
96%
*1021/4 102%
M-N
-
1950
of
Power
107
-
B
series
114%
109%
.
1st
series
106%
j-j
-
General 4 Vis series D
J-D
_1945
——1945
England Tel & Tel 5s A-1952
5Vis
3
.-2047
Gtd 4s series E trust ctfs
1
F-A
3s
{ANew England RR gtd
AConsol gtd 4s—
4Vis
112% 112%
136
105
Pennsylvania Glass Sand-3y2s
79%
108 Va
-
3
1978
debs
{ ANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s
ACertificates
118
•Pennsylvania Ohio & Detroit RR—
102%
109%
'
109% 109%
—1960
Prod 3Vis debs
of
q-j
;
124
108 3/4
136
116% 117%
87
General
Certificates
1997
124
100
*121%
117
136%
233
Panhandle East P L 3s B
100
N
series
q-j
133%
*135%
M-S
-
61%
48
24
105
General
of
M-S
.
1997
136 V* 136%
100
Pennsylvania Co—
84%
Constr
Certificates
1974
136 J/4
48
100
•Paterson & Passaic G & E
76%
1955
(John) & Co 3s debs
series
47
105
Pacific Tel & Tel
107
J-J
ext———1951
5s
of
94
j-j
Ref mtge 3Vis series C
Paducah & 111 1st s f gold 4y2s
'
.
*106
F-A
ref 3%s——1966
debentures—..
A Certificates
60 ya
2047
series
1st & yef M 3s series k
1st & ref M 3s .ser L_
r
107
108
Term
58%
a
4y2s
1st & ref mtge
90
& ref 5s series I
Orleans
1974
1st mtge 3%s
1st &
90%
gold 4s—1991
Monongahela Ry 3Vis series B
1960
Monongahela W Penn Pub Serv—•
1st mtge 4Vis
1960
Alst
Moh'k & Malone 1st gtd
1st
108%
89%
71
mtge 2%s
Pacific
90%
Prod
107
12
34
Pacific Coast Co
90%
Steel
3
99 Va
333
Guaranteed
41
72%
Distillers
109%
*34%
F-A
91
55%
8 71/4
14%
Nat
A-0
Jan 2047
Oregon-Washington RR 3s
90%
72%
Dairy
4s_1996
60%
M-S
j,
58 y4
73
53%
87»/«,
M-S
72%
572
M-S
84
Nash Chatt &
F-A
a-0
95%
65
Nat
A-0
1961
1974
87
64%
682
1st
2014
lOklahoma
86
89
J-J
89
Essex
j-j
109
92%
70%
J-J
G
series
Tramways
36%
25%
2
90%
1978
5Vis—
Power
287
107% 107%
a-0
,1975
81
1962
gold 5s series H—1980
Montreal
110
98
1955
1998
Gas &. Electric 2%s_—1975
Oregon RR & Nav con gold 4s
1940
Ore Short Line 1st cons gold 5s
1946
106
87
"
D__
series
Montana
24
97
86%
'
1978
5s
42
11%
93%
-
RR—
series
5s
26
-
O
9%
38
For
106
Co—
impt 5s series D__i_
Alst
14
87%
York
7
{Ogdensburg & Lake Champlain Ry—
120
87%
3Vis
106% 106%
82%
(Minn)
116%
36
New
88 Va
111%
30
14
7%
J-J
_1971
A———1991
4s
ref
Cent
9%
74%
impt 6s series B
impt 5s series C—
Ref &
90
113%
M-S
1st 4a
23%
4%
27
'
A-O
A
ser
Ry
17%
308
105
3
103
J-D
A—1962
5s series A
gold
3Vis
249
9%
107
28
M-N
87 Vi
Y
22%
88%
88
84%
(Wise)
36
N
8%
72
108%
81
Northern
--
A-O
Y
21%
61
107%
82%
&
105%
M-N
N
8%
88 Va
100
86%
&
104
22%
36%
q-f
Ref
2
*100% 102
93%
25
q-a
Ref
105% 105%
M-S
73%
84%
2047
impt
M-N
Alst
4%s
ry &. Id gold 3s
registered
3s
Ref &
*60
F-A
63%
53
-
1st
Gen lien
,
86
92
A-O
102
374
j-j
■
80 %
__
.1949
Alst
1967
North Central gen & ref 5s
Gen & ref 4%s series a
Northern Pacific Ry prior lien 4s
4s registered—
82%
M-N
*101
Southern
75
78
86
83
*88%
69%
M-N
1940
Telephone'3 y4s series B___
22%
a-0
1943
gold 5s_
108% 108%
j-d
1937
?st
gold
mtge 4y2s- series a
AGen mtge 5s conv inc
{§ANorfolk Southern RR 5s a
Norfolk & Western Ry 1st gold
1151%
83
82 y4
101% 101 %
M-N
1959
,-.1955
& ref 5s series F
5s
-
cons
1st
10iy4
"l
.
,
——1978
A
M-S
1955
1st
4%s
gold 5s—
Y
N
1st
5s series A
& ref
Alst
.
M-N.
1992
4s__
ATerminal
105%
80
M-S
1949
series
5s
4Vis inc ser
lien
5s
1927
§ AGeneral
105%
115% 115%
J-D
.
& ref
A
of
4s
§A2d
119%
103%
103
1
gtd 4s
1993
N Y Queens El Lt & Pow 3%s
1965
N Y Steam Corp 1st 3y2sL
1963
{§AN Y Susq & -W 1st ref 5s.
—1937
108
3
13
*101%
J-D
gold 4s
ext
lien
Alst
71
M-N
AGeneral
111%
28
1.01% 101%
M-.S*
1939
mtge 4s .inc
O & N
57%
a-0
N Y & Putnam
107
11
*101
M-N
1960
B
3 Vis
Alst
New
144
j-j
4SJ
{AN Y Ont & West ref gold 4s
132%
89%
891/4
N
71
1957
1st
& Sag
AGeneral
J
69%
1940
1st
{Missouri Pacific RR Co—
N
69
69%
6s
deb
Norfolk
40-year 4s series B.
New
-
70%
107
(Southern Lines) 4S
ref
Na-.iohal
j-j
-
56 Va
104%
A
ser
ser
Missouri-Kansas-'Texas
Mutual
-
56%
{AHarlem River & Port Chester—
62%
Paul & Sault Ste Marie—
Morris &
70%
56
51
112
8
1980
mge
Morrell
58%
1
69%
1948
72
119%
105 Va 150%
105 Vi
M-S
Mo Kansas & Texas
6s
64
68%
68 V4
70%
110%
A§Consol ext 4Vis
&
70%
68%
68J/4
a-0
68 %
Alst & ref 4i%s series
{Minneapolis & St Louis RR—
Alst
M-S
68%
107%
t§AMilw & Northern 1st ext 4y2s__1939
AConv
69
95
j-j
19
1951
1st gold 3 Vi s
1952
Ref & iropt 4 Vis series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
tS AMidland of N J 1st ext 5s_—x_1940~
Alst
103%
1950
109% 110%
F-A
Jack Lans
Alst
91%
SACollateral trust 6s__^
Michigan Central—
A Cum
84%
31
93
certificates 3Vis_
A-O
J-J
113%
95
101% 103%
71
—2003
series F
M-N
Prior
69%
95
110%
57
t§AN Y'West
A-O
Prior
95
103%
1
170
Niagara Falls Power 3%si
Niag Lock & Ont Pow 1st 5s A
Metrop Wat Sew & Drain 5Vis
1950
tSSAMet West Side El (Chic) 4s__1938
AGen
113% 113%
—
71
107%
Metropolitan Edison 1st mtge 2%s,1974
Alst
—
69 %
107
McCrory Stores deb 3V4-.
&
110%
*113%
70
105%
Elea RR & Lt s f 5s——1953
&
110%
108%
M-N
105%
Sugar 4s sink fund—Feb 11957
ARef
109%
1
January 1
Low
High
1950
2
1960
mtge &
A 1st
:
57
—1946
Central
Minn St
4s
105% 105%
4s series B ext
AManila RR
■
22
A Debenture
*
M
Manati
deb
106% 107
Montg 1st gold 4V2S——1945
Cine Div 4s
—1958
A Manila
ANon-conv
A-O
Atl Knox &
Maine
110
110% 110%
M-S
■
*
1955
-
MS
St Louis Div 2(1 gold 3s_
&
deb- 4s
1966
& Mem Div 4s—
mtge
Mob
113%
110
Nashville RR—
ref
Paducah
112 y2
M-N
;
1954
67 Va
79
26
1
M-N
.
1947
61
47
__
113
j-j
.1947
—
—2003
3Vis—
& EJec
31/2^
65%
55%
47
202
105 Vi
105
103 Vi
3'%s
50
378
119% 119%
A-O
4s—»
deb
deb
ANon-conv
1
deb
ANon-conv
91
103% 104
F-A
J-J
A—1969
ref 33/4S series E—
1st &
Non-con v
45i/4
5
107
107
1973
47
627
107% 107%
107%
A-
113
j-j
.
2043
1973
ANon-conv
«
96 Vi
106%
*112%
M-S
.—1951
—1963
Co deb 5s
(P)
debentures
Louisiana & Ark 1st
A
....
M-S
gold 4s
stamped
47
106
121
*120
M-N
■
unified 4s
Guaranteed
Lorillard
A
4s series
gen
74
87%
96
•
Lehigh Valley Terminal Ry ext 5s_1951
1st 50-yr 5s gtd
1965
Miami
91
80%
89 y2
J-J
2003
—2003
,—2003
2003
2003
<
89%
88%
89%
Lex & Eastern
Long Island
90
871/4
series
No.
{N Y New Haven & Hartford RR—
93
881%
8
Range Since
Sold
High,
f-a
•
2043
4%s series B—
93
89%
7
*88 Ve
Bonds
Bid & Asked
■M-N
1949
-_»_2000
x
AConv
gtd 5s
4%g
mone^ gold 4s_
gold 3ViSi
4s series A
Harlem
&
Mtge
<
100%
S3
92
92
1974
1954
->-1950
—
N
100 5/a
98
99
__
F-A
1974
stamped
Lehigh
*96%
F-A
1964
Harbor Term
Y
100
100%
—
Week's Range
or Friday's
j-d
gold 5s_—1948
Purchase
105%
1
105
*96%
F-A
__1964-
5s
ref sink fund 5s
Leh Val
3s
104%
Last
Low
High
Mtge 4s series B
N Y -Lack & West 4s
,-1954
stamped
5s
4s
4
*99% 100
M-S
——,—..1954
stamped
1st &
Lltie
Low
Friday
Interest
Exchange
Period
«
-1945
sink fund 5s—
ref
1st &
4
No.
Stock
January 1
Valley Coal Co—
liehign
1st
105%
New York
Range Since
Sold
105% 105%
105
105 h
Lehigh & New Eng RR 4s A——_ 1965
WEEK ENDING MAY 18
BONDS
Bonds
Friday's
Bid & Asked
Low
Lehigh Coal & Nav
FOR
Week's Range
23
*101%
M-N
F-A
*__
J-D
~5
111
10
114%
f-a
126%
134
—
102
102
107
107
107
—
12
123
126%
124%
~5
i24Va
134
128%
134 y4
1
129 y2
135
105
107%
101 %,
104
104
106%
106%
106% 107
21
*103%
M-N
j-d
6
113%- 113%
113'% 114%
126%
134% 134%,
a-0
1950
j-d
1958
j-d
93
105V4
~6
104% 104 y4
105%
1
104 y4
93
12
84 y2
19
84%
3
84%
104
.93
20
108
*123
j-d
a-0
126
23%
103%
114% 114%
*114%
f-a
M-N
107
15%
101%
*113
M-N
104%
106
15%
21
102% 103
F-A'
104%
—
106%
1st mtge 4%s series B
:_1959
A-0
93%
93
93 V*
1st mtge 4%s series C
1960
a-0
92%
92%
93
1948
j-d
*106
1962
1974
F-A
*122
j-d
*118
j-d
98
*117
Pitts Young
1st
gen
1st
gen
ist
4%s
-iPittston
& Ash
1st 4s ser A
5s series B
5s series C
series D
Co
5%
inc
—,1977
deb
1964
J-J
99%
106
__
99%
18
94%
98
98
100
99%
THE COMMERCIAL & FINANCIAL CHRONICLE
2244
Monday, May 21, 1945
NEW YORK BOND RECORD
RANGE FOR WEEK
Last
Interest
Gen
El
Potomac
1st
Elec
M 3%s
1st
Pwr
Pressed Steel Car deb
rei
&
mtge 3s
5s
1st
&
ref
mtge
1st
&
ref
mtge 8s
M-N
—
J-J
2%s
110
15
157
Oil
_
A
Swift
Co
234„ riflhs
Q
refund
Ref
J-J
100%
17
101% 101%
101%
Ref
101%
&
&
R
Rand deb 3Vis—
1956
Co—
Gen mtge
(4.7% for'1945) due_1975
Revere Copper & Brass 3V4S
1960
t§ARio Grande West 1st gold 4s„ 1939
A 1st cons & coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4%s series D
1977
Gen mtge 3%s series H
1967
Gen mtge 3 Vis series I
1967
Gen mtge 3%s series J
1969
J§AR I Ark & Louis 1st 4%s
1934
t A Rut-Canadian 4s stpd
1949
tSARutland RR 4%s stamped
1941
Remington
*102%
104%
105%
98 %
San Francisco
4s ser A
13t Louis
*125%
M-S
ACertificates. of
71
1950
A 2d
110%
70%
21%
23%
59
25%
26%
177
1959
1968
*86%
1977
105%
105% 105%
58
100%
1979
A-O
105 Va
105% 105'A
41
100
1980
J-D
105 %
105% 105%
39
Orl 3%S—1974
J-D
series
5s
A-O
Tenn
RR of New
'
*103% 104
M-N
90
54
57%
209
51
ref & impt 3%s__ 1960
Ham & Buff 1st gold 4s
1940
J-D
104% 104%
U
104
105
J-D
*101% 102%
102
103
Gas
105%
105%
111%
113%
1960
Ohio
Cent
& Elec
1st
99%
*105"%
F-A
1,054
48%
—1971
M-N
1945
A-O
1959
F-A
Oil of
debentures
Pacific
land
&
Ref
25
63%
396
—
61%
62
51
M-S
45'A
46%
1,050
37%
J-J
J-J
95%
15
96
96%
27
87%
86%
78
72
F-A
72
M-S
105% 106
M-N
1971
1955
1959
M-S
107
104
107
107
5
107% 108
F-A
106%
104
109%
104%
107%
105% 105%
13
104%
106
101%
15
98%
109%
*105
A-O
1958
debs
105%
12
105%
105
J-D
1980
series A
74
32
II'
«—m
1958
F-A
f 4s series B
1957
M-N
115
115
112%
115
1st gold 5s._ 1949
MS
103% 104
103%
104
118
123
101%
108%
s
101
101
102%
40%
264
__
*130
"9
103%
134
Gen
1st
106
131%
87%
107
89%
86
110%
48%
.63
39%
49%
47%
47%
9
39%
47%
48%
539
39%
67
126
53%
65%
44
52%
66%
463
53 %
67%
90%
M-S
92%
9
78%
F~~A
29%
101%
7
102% 103
A-O
F-A
8
102%
A-O
106%
108
7
108'% 109
__
130
110'A
1st 4s
Pac RR 1st
ref gtd 4s
102
103%
461
92%
M-S
97%
96
97%
246
85%
97%
96
97%
283
85
99%
97%
99'A
252
84
1955
.
,
103%
A-O
106
106
106'A
9
105%
107
J-J
106%
106% 106%
185
104%
«—*
74%
60
4—-
71
105%
105%
101%
21
102
117%
117%
J-D
106%
106'A 106%
1
106%
107%
J-J
107%
107% 109
14
107%
118
*117
J-D
— —
110%
A-O
106%
106% 106%
78
105
106%
1977
J-J
107%
107% 107%
16
106%
108%
102% 103%
35
92%
107%
107% 107%
10
106%
107%
106% 107'/a
22
105
107%
106%
23
105%
108
103% 103%
4
101%
103%
May
__
M-N
J-D
107
MS
106
.
M-N
85%
87
53
—
83
M-S
A-O
104%
J-J
86
M-N
35
J-J
1960
M-N
85%
19
38%
35%
106
•I*.
108%
109
108
110
—
88
20
35%
*107
A-O
1968
1971
Public Service 3%s
79%
72
36
*33%
105%
117%
79
86%
35
—
*—
104
2
144
86%
*~
4s—1938
105%
117%
11
105
85%
84%
110%
104%
11
117% 117%
J-J
87%
74%
109%
>
104% 105
104%
MS
78%
163
84
86
J-J
82%
*110%
J-J
deposit
Youngstown Sheet & Tube—
1st mtge s f 3'As series D
131%
"44
99% 100%
138
131
131
'
a
J-J
107% 107%
5
106
108
1964
J-D
108
6
108
109%
1968
J-J
107
series C
102%
110%
104%
106%
106%
J-J
123
not
115
10
111
115
120
118% 120
58
117
120
116%
122%
*122
—
■
107%
Apr
'
108%
107%
9
107
63%
14
57
63%
63%
95%
__
sale
Included in the year's range,
114
J-J
delivery
101'A
100%
115
A-O
Deferred
131%
A-O
A-O
ASpokane Internat 1st gold 4Vis__2013
*65
♦102% 105 %
101% 101%
1960
•
1951
6s
Devel & gen 6 Vis
Mem Div 1st gold 5s
St Louis Div 1st gold 4s
Southwestern Bell Tel 3Vis B
gen
100
17
101
100
97%
1994
1958
1956
1958
1998
4s series A
101%
99%
103'/a
J-J
Ry 1st cons gold 5s
89%
99%
97%
M-N
84%
50
*102% 103%
F-A
1950
1951
1960
1951
2361
2361
1949
1970
1958
Wisconsin Elec Power 3%s—.
Wisconsin
90
50
101
194?
5 ASu & Du div & term 1st
ACertificates of deposit
108%
M-N
M-S
1977
of
44
89
Co—
gold 5s
ACertificates
96
88%
100% 101
F-A
A—2014
ser
JAWlsconsin Central 1st 4s
107%
126
inc
Telegraph
real estate 4%s
Wheeling Steel 3% series C
Wilson Ac Co 1st mortgage 3s
Winston-Salem 8 B 1st 4s
103%
106
—.«»
*105% 106%
——
J-J
*
14
*130
—
as
Registered
104%
103
106% 107%
106%
A-O
107%
107
95
Q-M
1966
-
Wheeling 81 Lake Erie RR 4s
75
66
*103% 103%
J-J
M-S
107%
1952
1st 4s
series A
4%s
Union
25-year
102%
75
73%
F-A
19f»n
A-O
1955
4s
3%s
30-year 5s
Westinghouse El & Mfg 2%s
West Shore 1st 4s guaranteed,
103
101%
5%s
Pacific
Funding
45
4
102 % 102%
*102%
mtge
Maryland
ref
Western
90
42
42
40
42
J-J
&
Western
92%
81
*90
J-J
100%
1st ref gtd gold 3%s—2000
Power 3%s series I
Penn
1st
66%
64
1st
Petroleum
Western
67%
64
West
49%
65
66
88%
F-A
1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd
195u
Gen mtge 3'As
;
1967
86% 110%
34
47
65%
Apr
Apr
Washington Central Ry 1st 4s
109
9
108%
47%
M-S
A-O
1981
1991
1971
inc series A
mtge inc 4%s series B
mtge- 3'As ser B
4s
mtge
Walworth Co
109%
5
107% 109
108 %
47%.
*122
W
Gen
56%
130%
.
108% 108%
108%
A-O
J-J
109% 109%
—
Wabash RR Co—
105'A
102%
110%
*107
A-O
2003
1st gtd 5s
5s
cons
Warren
A-O
I
*114%
1958
& Southwest
1st
104%
56%
103
M-N
1945
Fran Term
3s
105% 105%
106
RR cons g 4s series A
Va
97%
*105%
(Chemical Bank)—
4 Vis
ref
105 3A
A-O
105
116%
108
!!
1
54
54%
A-O
1968
1969
1981
1950
&
J-J
90%
96
*110
J-D
Stamped
1st
1947
28
105.%
103
1
97%
94%
86%
_
29
85%
96%
J-J
1950
(Oregon Lines) A
gen
103% 103%
103%
13
1970
Va Iron Coal & Coke
48
45%
114% 114%
45%
M-N
of dep
&
20%
-.«•
-J-J
V
48%
44%
45%
—
Gold 4 Vis
&
29
104%
RR—
grant 4s
3%s deb
Biscuit 3%s
Cons
64%
37%
*61%
3 Vis B
Gold 4Vis
Devel
*26%
104
1967
mtge 3%s
Vandalla
Southern Pacific Co—
Devel
4
112% 113
104
Drug 3'As debs
.
Universal Pictures 33As debs—
65%
58%
61%
1941
,1952
1950
1984
South & Nor Ala RR gtd 5s———1963
South Bell Tel & Tel 3%s
—1962
3s debentures
1979
Southern
deb_»„__
62%
51
59%
58
t§ASilesian-Am Corp coll tr 7s
Co debentures 4s—
8outh
Calif 3s
62%
48
58%
_
Simmons
San
—
99
58%
— —
J-J
Skeliy Oil 3s debentures
Soeony-Vacuum Oil 3s debs
Gold
II
102%
J-J
—-
(Guaranty Trust)—
A Ctfs of dep
(Chemical Bank)—
J § A Acl & Birm 1st gtd 4s
1935
ACertificates of deposit
t A Seaboard All Fla 6s A ctfs
1935
Shell Union Oil 2Vis debs
1954
2%s sinking fund debentures
1961
1st 4Vis
60 Va
MS
gold 58—1949
3% debs
1960
35-year 3%s deb
103
99%
92'A
99
1950
series A
6s
43
94%
89%
55
1st
86%
2
103
98%
1955
Ry
(N Y Trust)
dep
of
103
89%
90
A-O
Ry 1st ref 4s
income 5s
34-year
90
47
100% 102%
102%
a
1959
cons
103
__
J- J
Jan 1960
Ave
United
99
5 ARefunding 4s
A Ctfs
105%
Pacific-Missouri—
United
195u
A Ctfs
105 3A
105'/2
99%
U
103%
79%
—
J-J
§ A4s gold stamped-*
A Certificate of
deposit
A 1st
140
140
'
•^Seaboard Air Line Ry—
§ a 1st gold 4s unstamped
ACertificates of deposit——
of dep
108 %
130
10
106% 107
*139
C
Warren RR
A Ctfs
107%
106%
J-D
Union Electric Co of Mo 3%s
106%
103%
*90
A-O
1971
Distillers 4s s f deb——1952
& N E 1st gtd 4s
1989
Schenley
105
M-N
2000
23%
81
J-J
& ref
Scioto V
8
106% 106%
A-O
3s deb
Tri-Continental Corp
"27%
104%
——
mmwimmm
deposit
Paul Union Depot
109%
70 %
16
17%
5
105% 106%
*103 V*
J-J
& unifying 5s—
1952
gold 5s series A—--1990
Bt Paul & Duluth 1st cons gold 4s_1968
*§ASt P & K C Sh L gtd 4Vis
1941
Bt
105
109
51
57
69 %
23%
25%
A-O
bond certificates———.1989
inc bond ctfs
-Nov 1989
4s
13
B
Tol &
108%
108 %
J-J
IA 1st term
A Gen
107% 108
D
ref
107%
128
107%
F-A
126
Trenton
J-J
Louis-Southwestern Ry—
4s
112
106%
11
series
A Ad J
79%
108%
—
*109 %
MS
series B
...
1950
ACertificates of deposit
ACons M 4Vis series A
1978
ACertificates of deposit stpd——
1st
110%
127%
2019
gold 5s
—
127% 127%
series
Pac
—
*109%
MS
APrior lien 5s
tSt
11
—^
111% 111%
*107'/a
J-J
J-J
5s
Third
*110
M-S
19JJ
lien
APrior
106
5s
109 %
40
73
72
72
M-S
JSt Louis Iron
River & Gulf
St
104%
ref
108
103%
15
—
106%
105
106%
A-O
1968
1947
1996
———1996
Mountain & Southern-
Division
§ A 1st 4s stamped
ACertificates of deposit
L Rocky Mt & P 5s stpd
11
105
ref
&
Union
gold 6s
106%
Toronto
J-J
Ltd 1st M 4%s
Jos & Grand Island 1st 4s
Lawr & Adir 1st gold 5s
2d
105'%
107%
105%
&
3s
•Bt
103
105%
&
Union
St
4
105
J-J
1953
}§AUnion Elev Ry (Chic) 5s
Saguenay Pwr
31
Gen
107%
34
107% 107%
107 %
M-N
103%
103
*105% 105%
Gen
107%
106%
Texas
Rensselaer & Saratoga RR
106%
106% 106%
1st
Company
Gen
102%
14
107% 107%
*106% 107%
J-J
105%
103%
of St Louis—
gold 43
imp M 4s ser C
Texas & Pacific
A-O
1951
f
s
debentures
3s
Cent coll 4s
M-N
impt mtge 3%s series B__1974
Tfcxarkana & Ft Smith 5%s A
Texas
Reading Co Jersey
M-N
High
103%
22
103% 105
Low
9
155
Gen
1964
103 %
J-D
January 1
No.
224% 230%
—
Terminal RR Assn
Quaker Oats 2%s deb—
debs
J-J
.1959
_
3%
Corp
103%
Range Since
Sold
Biah
108%
155
—
debenture
Sunray
Superior Oil 3'/as debs
103 %
110 %
107%
—
*230%
—
103%
—
155
__
J-D
35%
J-D
.1901
103%
25
.1961
Standard Oil N J deb 3s
F-A
.1950
108%
2%s debs
Bonds
Friday's
104% 104%
.1960
.1953
104
101
34
*110%
*108%
—
Oil of Calif
Stand
j
*32
*100%
„
J-J
or
Bid & Asked
High
107%
"*4
Week's Range
Last
Sale Price
Low
103%
28
103 % 103%
M-S
Low
—
103 %
M-N
1957
1958
1968
1972
2037
—2037
Terminal 4s
3%s
Public Service El & Gas
1st
—
J-J
1951
5s
lAProvidence Securities 4s
J A Providence
*108%
*113
J -J
Exchange
January 1
No.
103% 103%
103%
,
1977
3%s
mortgage
M-S
1960
1966
1st 4%s
Stock
York
Interest
Period
New
Range Since
Sold
Biah
Low
Portland
Bonds
Bid & Asked
Sale Price
Period
Friday
BONDS
Week's Range
or Friday's
Friday
BONDS
New York Stock Exchange
ENDING MAY 18
n
47
104% 105%
105%
-
d Ix-Interest.
e Odd-lot tale not
Under-the-rule sale not Included In the year's range,
r Cash sal*
not
included in the year's range,
Included in
the year» rang*,
y Ex-coupon.
tThe price represented Is the dollar quotation per 101Accrued Interest payable at the exchange rate of $4.8484.
§Negotiabllity impaired by maturity.
pound unit of bonds.
receivership, or reorganized
or securities assumed bv such companies
and asked prices; no sales being transacted during current
^Companies reported as being in bankruptcy,
under Section If of
the Bankruptcy Act,
♦Friday's bid
107%
week.
selling flat.
A Bonds
65
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
a
footnote
and
in
the
deferred
delivery sales
week
which
in
are
they occur.
In the following extensive list we furnish a
May 12, and ending
include
the present Friday
security, whether stock,
every
AND
(May
complete record of the transactions
18,
1945).
It
is
bond, in which any dealings have
or
«TOCKS
York
Curb
Friday
Week's
onjhe New York Curb Exchange for the week
Range
Shares
Par
ACF-Brill
Acme
Aero
wire
Motors
co
warrants
1
common
Mfg
Air
Associates
Air
Investors
Convertible
For
common
Inc
30
30
~4
~4%
11,500
2%
"Hi
100
27 Va
2.900
LI_II
preferred
page 2249.
13%
13%
13%
1,800
III
12 %
12%
12%
700
,3'%
I_IlO
3
36%
3%
36%
2,000
100
Exchange
Jan
7% May
Aireon Mfg
Jan
32
Apr
Air-Way
Electric
Jan
22
Apr
Alabama
Great
May
9%
Jan
12 '/8 Mar
2% Mar
36% May
Jan
3% Mar
37%
for Week
Shares
Low
Appliance
Southern
5%
5%
Range Since January 1
6
4,300
5%
Apr
—J
5
5%
900
3%
Jan
50
123
125%
350
99%
Jan
Apr
Alabama
$6
Power Co $7 preferred
preferred—
Alles <fe Fisher common
Allied
Int.l
Investing
$3 conv pfd
•
*
1
•
116% 117
High
Low
High
Feb
14% May
137/8
50c
Corp
4
5'A
is intended to
Sales
Range
of Prices
Par
High
19
4%
"a
(N J)
see
7%
Week's
Last
Sale Price
Curb
York
Range Since January 1
c,ow
«j
common
footnotes
5%
Friday
STOCKS—
Hioh
1
3
B
/insworth
7%
jg
Supply Mfg class A
Class
Low
beginning on Saturday,
MAY 18
New
for Week
of Prices
weekly range are sftovn
the daily reports of the Curb Exchange itself, and
occurred during the current year.
Sales
Last
Sale Price
Exchange
week, and when selling ontelde the regular
compiled entirely from
RANGE FOR WEEK ENDING
New
RECORD
YEARLY
disregarded in the week's range unless they are the only transactions of the
No account is taken of such sales in computing the range for the year.
50
8
Jan
5% May
125'/a May
115% May
117%
Mar
Jan
107%
Jan
Apr
10
Feb
Jan
48
Feb
106
6'A
41
Volume
Number 4387
161
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK CURB
RANGE
STOCKS—
York
New
Curb
Friday
Exchange
Week's
Range
for Week
of Prices
Shares
Par
Products
C18SS
A
(Mich)
conv
Altorfer Bros Co
Aluminum Co
6%
6%
29
37 %
36
39
375
30
Ltd
Central
Cities
Convertible
class
&
A
Cyanamld
Fork
American
Gas
&
2
—1
Republics
American Seal-Kap common
Amer Superpower Corp com
1st $6 preferred
American
Writing
Post
6%
Jan
44 %
Mar
%
300
8%
Jan
10%
44
17%
Jan
31
Jan
pfd
575
41%
100
47% May
51
A
24%
Jan
50
20%
23%
1,200
35%
350
Jan
44%
Mar
32%
Jan
Feb
19%
20%
3,400
17%
Jan
21%
26%
200
25%
Apr
28
Mar
California
64 %
550
51
Jan
70
Mar
Callite
Apr
Camden
Apr
Canada
Apr
6'/a%
—
>
—
—
2"%
3%
100%
Jan
1 %
40,600
34%
200
105%
Jan
31
3%
Jan
35
47%
175
41%
Jan
48
15'A
6,700
13%
Jan
16% Mar
200
4%
Jan
14,300
%
Jan
6
A
if
128% 128%
24%
125
120%
Jan
18
Coast
Tel class
Atlantic
%
800
Jan
27
200
4%
Jan
5
A
Mar
1,600
5%
Jan
10 %
Apr
Capital
900
3%
Jan
6%
Feb
Carman
26%
27
400
27%
300
112
8%
47/3
4
20%
Jan
27%
Apr
20
111%
Jan
114% Mar
7%
Jan
9% Jan
5% May
5% May
5
4 200
4%
5%
10%
18%
1,300
7%
1,100
Jan
3"%
1,500
17
3%
28,500
10%
Jan
10% Mar
7%
7%
...
—
1%
11
Feb
7%
50
Atlas Corp warrants
3%
5
1
Forge common—
Plywood Corp
Automatic
Products
Voting
Avery (B F> & Sons common
6% preferred
6
Ayrshire Collieries Corp
1
16%
—
Jan
12
Apr
18%
400
Feb
83% Mar
22
1,500
3% May
Feb
12%
May
Jan
Babcock St Wilcox Co_.
Casco
Castle
7?c
16%
35%
common.
los
American
Co
13%
Maine
Central
New
Ohio
Central
Power
&
41%
41%
42%
12%
12%
12%
Andes—
&
7 %
A
3%
common
fledges
50
6%
4%
2,900
common
— .
21%
300
4%
'
Feb
Feb
3%
Feb
•4+#
•
28%
Mar
125
Mar
Jan
18%
3%
10%
Jan
24 %
Mar
5"%
Jan
May
Feb
Apr
46%
Feb
46
Jan
36% Mar
21,400
1%
Jan
16%
650
15
Jan
15%
16,100
11
Mar
2% May
17
Mar
15% May
10%
27%
29%
12,100
Jan
13
15 %
Jan
29% May
5% Mar
'
4%
4%
4%
54
52 Va
20%
5,600
54%
21
St Co
21
3Va
Jan
Feb
750
51
Jan
57 Va
Feb
800
,
15%
Jan
22 Va
Apr
Bohack
(H C) Co common
1st preferred
7%
1st
$5
2d
_•
Si Pwr
•
1
Aeronautical
1%
35
23
36
250
32
Jan
36
Jan
14 Va
3%
22%
3%
17%
Jan
2
May
34%
Apr
48
Feb
500
Am
2,000
9,000
5%
1
-O
•
CD
•
15
Amer dep
Co
•
~7%
~7%
200
18%
18%
200
ord
$5
Forman
(E L)
reg
Bruck
Silk
22%
22%
$1.60
1
common—
Mills
1
-
.
Ltd&
B
—
—
18%
35
21
Jan
For
—
•
___~_2~50
Feb
page
110
300
7% Jan
118% May
104 Va Apr
12 % Jan
121
125
118
4
13,200
3%
24
25'%
725
Feb
Apr
V
t
&
65
Apr
76
22
Apr
30% Mar
75
22
Apr
30 Va
Mar
5%
Jan
Va
4%
4%
4%
2,900
12%
11%
12 Va
600
20
20
4% Mar
37%
37
37%
128
Feb
16 %
112
Jan
21
Apr
Va
Feb
150
12 %
109
450
Jan
16%
15,100
128%
1,200
117
Jan
300
11
40
110% Mar
2,500
11%
8% Jan
9
20
Jan
3,900
1%
Jan
600
8%
3% Apr
Jan
38
38
39
725
35%
Jan
44%
44
44%
400.
14% May
40% Mar
28 Va
Jan
46'/a Mar
Illuminating
•
100
Co
—*
4%
to
5%
25
16 Va
38,200
5%
39
5%
1,400
38 Va
40
80
83%
240
11,100
1,650
100
82%
wariants—
3/64
3/64
Vtj
25
33%
33%
33%
150
1
1%
1%
1%
13%
13%
300
1
•
common
Retail
Jan
1/64
14
11%
Jan
Feb
Jan
12%
5,000
7%
77
1,400
67%
Cornucopia
Corr,on
Jan
77
40
116
Jan
118
Jan
106 Va
May
110
6%
0
108
6%
2,700
5 %
Apr
61%
64%
1,500
43Va
Jan
65
8%
9%
1,000
8%
Jan
10% Mar
9
115
Feb
~2%
~2% ~2%
700
2 Va
Jan
21
•
20
21%
900
18%
Jan
4%
Jan
10c
5%
5%
5%
2,700
1
19%
18%
19%
3,700
13% Jan
—
100
112
111% 112 %
•
Co
300
■
xl9% xl9%
_•
22
Apr
-
Apr
6
Apr
21
Mar
Mar
8 Va
2249.
5o
—
6%
—
6 Va
26
-
26
24%
25%
r * •
American
8 Va
8%
Croft
Brewing
Cent
5%
Jan.
7%
Feb
Crown
Cork
Crown
24
Jan
27
Feb
20
Feb
26%
Apr
Feb
93
4%
— —
4%
4%
3,700
3%
Jan
5%
rei
50
1,900
108%
Jan
8Va
23 Va
114%
14
22%
Apr
Jan
10%
Feb
Cuban
Tobacco
12%
Feb
Curtis
Lighting
23%
7,100
20 Va
Jan
114
13%
114%
550
111%
Jan
14%
2,800
175,500
10%
Jan
1%
2%
4%
3%
5
6%
6%
41,400
1%
Jan
24
-
114%
500
3Va
102
•
36
~3%
102%'
3
3 Va
A
Apr
Apr
if Feb
21% May
70
84
1,500
36
1,225
10
200
28
2%
33
9%
Jan
4
Jan
109
Jan
Jan
Jan
25% Mar
29%
15,500
1%
1%
5,000
1
Jan
9%
10%
700
9
Mar
5
10%
9%
10%
23,900
A
•
17
common—
_25c
Atlantic
Sugar
common
Ino
(Mo)
17-
•
—10
5
—
*
17 %
400
3%
800
3
200
40
40
41
110
25%
22%
25 Va
29,800
15 Va
15 Va
100
2.50
1
7% Mar
15
Jan
3 Va
Jan
25 %
„/
3
*
common
-
3%
——
Apr
2V8
Jan
32
Apr
-
Feb
Mar
10
May
31% May
1%
Feb
11%
Jan
10% May
19 Va. Feb
4%
27
Feb
Feb
4% Mar
49
May
28%
Jan
18
Jan
Feb
Jan
Mar
14% May
2% May
38
Feb
Feb
Feb
13 Va
10%
—
3%
22% Mar
4% Mar
„
113
Jan
%
3%
Feb
8Va
1
25
Jan
6%
19% May
20%
9%
■
May
3% Mar
25%
Jan
2
10
29%
117
14% Mar
1,600
34%
reg)_£1
Jan
May
Jan
•
Co..
preferred
Crystal Oil Refining common
$6
preferred
Jan
5,100
■
3 Va
102%■
it.
........
3%
7V8
Jan
15
1
&
Drug Co
10
9 Va
-I
0
Co
convertible
1,400
.
11
Jan
(ord
(Md)
International
11%
37
Mar
;
50
Petrol
Cuban
33
——
11%
Mar
common^
preferred
dep receipts
Crowley Milner
Crown
ioo
•
>
%
%
/
——'
1
Petroleum
Feb
2,900
—
•
—
Courtaulds Ltd—
2%
91
25%
—
600
;.
Petroleum
Apr
6%
Jan
13%
Feb
Feb
D
Davenport Hosiery Mills
3
Jan
5
May
Dayton
4%
Jan
6%
Mar
Class
'
25c
Mines
&
Jan
6%
64
10
Fdy & Machine Co
convertible
Feb
20
.
Co
Gold
2%
12 Va
117 Va 118
76%
100
Oil
Reynolds
$6 preferred A.
13% Mar
43%-Mar
107
1
Corp...
Coro Inc d
Apr
2% Mar
118
Ltd
prior
Apr
tV Jan
35Va
108
1
Continental Gas & Electric Co
Jan
Apr
83% May
Jan
Apr
Feb
16 % May
7'A Mar
41%
Jan
27% Jan
Feb
May
6%
100
8%
Copper
71
13
May
May
Stores.
preferred
Consolidated Royalty
8
May
5% Jan
34% Mar
41 %
9%
4%
Jan
100
—
8melt
&
Jan
1
*
Utilities
Mining
3% Jan
4'A
1,200
1946
preferred
Consolidated
Range
1,000
11%
warrants
preferred series C
1%
4%
12
12
Continental
100
4%
4%
14%
76%
Textile
4%
•
common
ordinary
*
Consol
Feb
3
14
Arms
Steel
22%
2%
1
Consolidated
123% Feb
11% Apr
9% Feb
13%
Electric—
B
Jan
May
12% May
2%
1
Gas
19%
Feb
132
13%
P Bait
series
300
Feb
21% May
1
Co
4%
20%
Feb
1%
119
Jan
12
121% 121 %
11
14 Va
Jan
20%
Apr
May
38
it Jan
85
Apr
122%
Apr
14,100
11%
common
il/a%
Jan
1 Va
127
11%
12%
34
19%
12T%
12 Va
Jan
3oO
1
106
20
Feb
A 3%
13%
"l
106
50
8%
10%
Consol
Consolidated
Mar
«
Coke Secur
L
Mar
610
preferred
Consolidated Biscuit
E
Apr
4% May
32
160
$3
G
Apr
122 Va
75
1
Co
extended
c
Gas
Apr
14% May
Inc
Community Public Service
Community Water Service
Compo Shoe Machinery—
Conn
9%" May
107
25
•
Corp
&
Feb
120
u Apr
21
Feb
10 Va
Mfg
Apr
May
22
Jan
5% Mar
2%
—
12%o
see
Jan
3,900
1
5% preference
Commonwealth & Southern
Curtis Mfg Co
25
common.
footnotes
19%
26 Va Mar
10
Utensil
Fire
Gas
Mar
14% Jan
9%
5
preferred
Cook Paint & Varnish Co
22% Mar
19%
21
Power—
preferred
H)
107/a
Mar
May
•
•
East
Burry Biscuit Corp
(P
7% May
'
;•
_•
common
7% Mar
3%
10
Feb
5%
19%
WW
•
4
Bunker Hill & Sullivan
Burma Corp Am
dep rets
Butler
Patent
10
24
9
•
Colorado Fuel & Iron
Colt's
2Va
preferred
1st
19
800
22%
——.
$5
Jan
Feb
»
Buckeye Pipe Line
Buffalo Niagara
Feb
17
10s
A
Distillers
Co
Plow
Jan
114 Va Mar
24
Co
Coal
Apr
115
Jan
4,100
May
May
71
Airlines
Columbia
Creole
prior preferred
Bruce
Jan
35
El
£i
Power class
Brown Rubber Co
Feb
400
•
Development
5 %
Brown Fence & Wire
common
Class A preferred...
Brown
May
121
.
Ltd—
rets
4%
23 Va
Tobacco—
British Columbia
Class B
48 %
16%
100
Lights
Aluminum
Cosden
American
Celanese
37/a
Apr
Jan
—-*
—
•
dep rects ord bearer..
dep rets ord reg
Am
27/a
20
—-
British
Apr
%
1,000
17%
45/a
May
1,300
23
5%
Jan
600
36%
17%
■«-.
British
19% May
120
Apr
110
"1V2 ~1%
19
Feb
1
common
Oil
Jan
420
•
A
British American
9%
120
35
3%
,
1
Bridgeport Oil Co
Co
116
2,000
12%
100
;
Traction Lgt
Mfg
19%
34%
•
Corp common
Class
17
•
Bridgeport Gas Light Co
Brilto
119
25
;
common
preferred
Brewster
18%
100
preferred
Brazilian
Breeze
•
Jan
42%
24
B
Consolidated
'
Borne Scrymser Co
Bourjois Inc
Clinchfield
Cockshutt
'
-1
60
24
Mining
& Lambert
Cleveland Electric
Colonial
Mar
—
common.
Bowman-Biltmore
Neon
Colon
30
--
2%
3% Feb
18% May
33
106% 106%
14%
14%
*
Controller
Feb
16
,_1
7%
Clark
Claude
Jan
Jan
Mar
75
preferred BB
Feb
13
.
48
10
City Auto Stamping
City & Suburban Homes
Jan
190
~2%
2%
14%
1%
16%
24
common
preferred
7%
18%
149%
■
"l
125
24
preferred
11%
Jan
—
18,000
1
common
Service
Jan
145
—
3%
18%
Jan
100
29
common
Consolidated
Apr
31
'
Jan
~8% ~8%
100
Chamberlin Co of America
5%
30
•
common
(S)
12%
149
•* —
6%
'
Cherry-Burrell common
5
Chesebrough Mfg
25
Chicago Flexible Shaft Co common—*
Chicago Rivet & Mach
4
15%
2,500
4
149
•
Blumenthal
Apr
3
9
21%
-1
W)
4,500
17%
6
100
preferred
Berkey & Gay Furniture
(E
3%
106
—1
Canada
Convertible
Bliss
Apr
Feb
—1
common
Blauner's
12%
5% Apr
8%
100
Aircraft Co
8% Mar
6%
-10
&
43
Jan
ioo
Ties
common
of
Benson
17%
—1
Aircraft
Tel
3%
—5
Inc
Mills Inc
Bellanca
Jan
100
Feb
10%
5%
26
100
ser
Cities
41
Jan
May
112
50c
ser
pfd opt div
Jan
250
Apr
6%
16
1
preferred
pfd opt div
18%
common
Brumrael
Beauni:
6%
Conv
Corp
108 %
Jan
—
110
100
preferred
16% Mar
900
108% Apr
25 Va
22% May
8% Jan
Jan
6
47'A
8%
pfd—
SChilds Co preferred
15%
~
Jan
8 Va
200
18%
100
West Utilities
Conv
Club
1st preferred
Beau
Bell
(L)
South
Feb
Jan
20
6
9
pfd
Products
May
10%
—
100
5%
Light 7%
26
10%
convertible
Baumann
&
Clayton
Corp—
Seelig Mfg—
Basic Refractories
Steel
15
10,600
80
—
28
•
com
pfd
Power
Jan
36% May
Jan
22%
3
1
Power 1%
York
Jan
Jan
8%
—
3
18%
10
Elec
&
Jan
29%
6% Mar
.
5%
*
America
§Cent States Elec
Chief
May
Apr
3,800
•
Co
Gas
5%
3,100
14%
__1
common
13%
Steel
Barlow
&
of
Central
Charis
10%
__
•
23
shares
Barium
$1.20
36%
.30
Rubber
de
M)
Hudson
Cessna
10
•
Corp
7%>
May
Jan
Jan
6
•
A
common
Central
$6
36%
preferred
Baldwin
Banco
class
Co
(A
4 Va
7%
6%
—
—
3
Products
Co
Catalin
4*
Jan
300
1.300
12
City
&
May
8%
Va
—
—
•
Products
60c
Baldwin Locomotive—
for
25
.
3%
4
3 Va May
100
10%
6% May
__
--
•
100
}
*
B
warrants
*
200
Jan
9%
8
22%
4Va
22
common.
-
10
9
Carolina Power & Light $7
preferred—*
$6
preferred
*
Carter (J W) Co com
1
$6
Purchase
8%
100
100
15
26
58%
11%
Jan
6%
14%
17
Feb
101 % May
17%
900
26
Jan
3
101% May
7% Apr
Mar
Jan
13%
15
1% Mar
10
Feb
12
26
Feb
2%
3,400
5
Jan
Jan
10%
21%
—25
9%
2,000
21%
—
Apr
22,500
/
12
*
Machine
150
3%
12%
21%
1
Automatic
7,500
77
12
113% May
23 % Jan
%
4G0
9%
3%
12
7%
3,800
11
75
—
Mar
9%
1%
10%
9
Feb
xl7
__
1%
11
Atlas Drop
9%
voting.
Central
110%
18%
•
Atlas
4Va
l
Ltd
High
1% Jan
9%
non
Carnation
Feb
-
8%
43/4
51%
__
20% May
Jan
4,700
112
7%
Jan
3
2
3,800
—
Class B
18%
3%
2,300
3%
5
7%
preferred
Canadian Marconi—
93/4
•
Co
Co
4
—
Corp
Low
2%
1
preference
Industrial Alcohol—
B
53/4
£1
Range Since January I
High
3%
3%
10
voting
Canadian Industries Ltd—
Apr
5
Coast RR Co pfd—100
1
Line
Cement
Class
128% May
25
3%
Low
£1
Power
Insurance
Central
A
pfd
Estate
Electric
Fire
Class
Feb
gi/4
Fisheries
Coast
Sugar
Canadian
6 Va May
4%
Electric Industries—
American dep rects reg
Associated Laundries of America
Shares
50o
preferred
514
Power & Light $7 preferred.*
Equipment Corp
2.50
Ashland Oil & Refining Co
1
Birm &
dep rets 5%
Tungsten
534
•
for Week
Canadian Car &
Foundry Ltd—
Apr
24%
__
__
Sales
Range
of Prices
50o
Participating
„
Aro
Atlantic
Calamba
Apr
14%
5%
10
Associated Tel St
American
26%
Arkansas
Atlanta
Cable Electric Products
common
Voting trust certificates
Cables & Wireless—
36% May
45
•
Week's
Last
Par
9%
non-voting
Exchange
Sale Price
Feb
18
49%
&
100
preferred
Curb
21% May
15
1
Associated
New York
36 % May
471/2
•
5, N. Y.
Apr
1
common
Friday
Mar
•
—
EXCHANGE
New York
Jan
Jan
32
£1
Natural Gas
class
6,100
10%
x42%
.
CURB
7% Mar
i
common
Fence
Inc
Common
48%
Jan
Jan
38%
6,000
A
34%
•
dep rets ord reg
Arkansas
42
10%
3%
•
YORK
Jan
Feb
—
5
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Argus
4
2,500
52
113%
Anglo-Iranian Oil Co Ltd—
Am
43%
Jan
Jan
2
—
Paper
MEMBERS OF THE NEW
59
10c
preferred
47
111%
20%
10
SB series preferred
100
135
__
*
American
Anchor
HERBERT E. STERN & CO.
Feb
1,250
*
Chemical
request
30 Pine Street
35
1
Meter Co
5%
on
Jan
8,300
__
25
Co
Long Dividend Records
17% May
21%
23%
100
Thread
Jan
36 Va
100
Preferred
American
2%
50%
Mar
20%
44
1
25
&
with
109% May
36
10%
common
Potash
Apr
112% 113%
20
American
42%
1% Mar
46
11%
250
%
common—10c
Laundry Mach
American Light & Trac common
American
May
1,500
6%
40%
36'A
preferred
Maracaibo
xl07
Jan
Jan
S T O C K 8
42
20"%
American
American
Jan
45
6
112%
convertible preferred
Hard Rubber Co
preferred
Mfg Co
86%
48%
—
25
6%
Jan
80
45
10
American
American
26
500
1*7%
6%
10
common
Corp
Jan
49
47
—
100
General
15 %
Exchange Common Stocks
Feb
2%
483A
17%
common
Electric
convertible
$2.50
2
483A
Power warrants—
Hoe
&
preferred
American
$2
Co
Foreign
102'A 105
25
i
&
Feb
21
—
1
American
43A %
103%
23
A
American
117
Jan
List of
New York Curb
-ulght—
Class B
American
Jan
19%
1,000
21%
1
Power
36%
112%
86%
19
1
Jan
2,150
21%
——100
Mfg
May
9
300
20%
•
Co
39
600
20'A
•
Beverage common
39 % May
Jan
Jan
5,700
4,2 %
113% 114
.—
—100
Book
41'A
114
*
common
American
American
42 Va
100
common
Jan
8%
*
-—
American
Class
500
*
preferred
American
39%
Mfg
Aluminum Industries
Aluminium
36
common
Goods
Range Since January 1
Low
High
High
39
common
preferred
Aluminum
Low
10
23
common
EXCHANGE
ENDING MAY 18
Sales
Last
Sale Price
Allied
FOR WEEK
2245
Rubber
A
Mfg—
convertible
•
1
35
31
30%
28
30 Va
36
36
Jan
31%
4,500
22Va
Jan
30 V2 May
10
35 Va
Feb
40% Mar
.
THE
CHRONICLE
COMMERCIAL & FINANCIAL
NEW YORK CURB
EXCHANGE
MAY 18
RANGE FOR WEEK ENDING
Curb Exchange
N«w York
Range
Last
Sale Price
of Prices
Shares
Feb
Feb
Harciord
8
debenture
Detroit
Steel Products
Vilbiss Co common
preferred
1%
—
common
Corp
Diamond Shoe
Diana Stores
Jan
9%
87%
10
92
82
Apr
Jan
11%
Jan
Hat Corp of
16
2,900
9%
Apr
9
Jan
18%
Apr
Hazelcine
21
Apr
21%
Jan
Hearn
1%
1%
1%
1,500
*1%
6%
6%
2,100
5%
142 % May
2% Mar
Jan
6%
1
10
10
-10
—*
1
Detroit
De
Apr
5%
9%
9%
20
1
Foundry...
Mich Stove Co common
Iron
Gray
7%
1,000
1
preferred
6 %,
4,500
7%
138
•
Derby Oil & Ref Corp.
ueuoit Gasket ill Mig
Detroit
1%
B
50
100
preferred
p6 prior
8%
9%
77b
877?
_50c
Dejay Stores common
•_
j-rciuu&oa Mxg mass A common
Jan
29%
31
Jan
27
900
31
7%
25%
Mar
34% Mar
26%
Apr
Feb
10 %
21
24
300
19
18%
19
1,300
Feb
11%
Apr
18
24
Jan
24%
Apr
„
20% Mar
13% Jan
£1
ovd reg
Corporation
dep rets
Arri
1
1
•
common
Domestic Industries class A com
Dominion Bridge Co Ltd
Dominion Steel & Coal B
Dominion Tar & Chemical Ltd
Co
DobeCkmun
17 V*
16%
Corp,
Dept Stores common
preferred
-
-
Mining Co.
Class A
Heller
Co
common
—
Henry Holt & Co participating A
28%
28%
4%
V»
Jan
17%
Jan
11%
30 % May
20
Apr
Feb
Hollinger
25%, Mar
4%
28%
Apr
Holophane
7%
Feb
Horder's
6%
Apr
-
Consolidated G M
5%
Co
common
43%
42%
79%
43%
11%'
*~8%
11%
41/4
4 Vb
12%
13
Apr
82%
Feb
38%
Jan
50
Jan
Horn & Hardart
Jan
95
Apr
67
20
50
100
67
79%
74
84
67
79 y2
.
67
May
11% May
8%. May
900
1,200
500
May
3%
Jan
4 %
May
11%
Jan
14%
Feb
5 Ve
Hubbell
Humble
Oil
Hussmann
preferred
6%
Eastern
Stages Corp.
57j/4
'
$7.
$6
...—
$5
& Light 2d
warrants
Electric Power
Option
Derrick &
Feb
47
48
150
May
47
Jan
39%
47% Jan
46%
2,100
12
4,500
8
Jan
12
19%
300
17
Jan
20% Mar
12%
13 %
37,800
9%
Jan
13% May
500
95 %
Jan
13%
*
97%
98
May
Mar
100
97%
Jan
1017b Mar
103
650
70
Jan
105
Jan
l%
Apr
14
400
11 J%
Jan
1574
Apr
Feb
1,700
100% 100%
100%
100
103
.
13%
Apr
!—
39%
125
35%
Jan
40 y4
24%
25
26%
9,000
15
Jan
27 % May
1,450
49
Jan
75% May
Jan
105 %
—
5% pfd.
100
11
11
Equipment...—
5,500
1%
1%
1%
45%
45%
45%
150
9%
Inc
Eureka Pipe Line
8%
9%
1,000
28 %
200
25
25
common.
common
63%
1
1
Falstaff Brewing
1
Fansteel Metallurgical
*
Fedders Mfg Co..
8
Federal Compress & Warehouse Co..2S
Fire Association (Phila)
10
Ltd—
Ford Motor Co
63%
1,800
66
Ford Motor of Canada—
Class A non-voting.
Jan
11
Feb
12
Jan
2%
Jan
1%
47%
43
7% Mar
May
25
46"%
Jan
Apr
11%
6,700
Apr
Feb
9% May
Feb
32%
May
68
700
16%
42%
47
6,700
23%
22%
23%
8,600
4%
Jan
Apr
17%
Jan
72%
7%
72%
2,500
8
Jan
9%
Jan
527a
2372 May
2472
Apr
Jan
75
Jan
.5% Jan
8
May
May
65 V*
26%
26
22% Jan
2672 May
75
25%
25%
26%
Feb
38%
24
40
Feb
13%
May
3
16
46%
22%
Jan
27
3%
Jan
1,400
4%
6%
1,200
5%
5%
800
28%
28 %
100
4y8
400
12%
2,300
6%
rets bearer
Pitt Brewing Co
dep
1
——1.25
franknn Co Distilling
1
Franklin Stores
—1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
1
$3 conv stock
—
•
4%
convertible preferred. ...—.100
Fort
1,400
16%
Motor of France—
Amer
(Peter) Brewing
Fox
3%'
3
3%
*
4
..
11%
12
5%
conv
20
20
20
23%
23%
23%
28%
Apr
34
3%
Jan
Feb
7
Jan
472
Apr
11% May
13%
17%
Jan
197b May
850
17%
Jan
25
Apr
55%
Jan
73
Apr
77
Jan
98
69
69
69
10
95
95
95
40
87%
..100
1
•
Co common—
Gellman Mfg
General Alloys Co
—
Co Ltd—
ord reg
.
£1
General Finance Corp common
1
5% preferred series A
10
General Fireproofing common
•
Gen »Jas & Elec $6 preferred B_
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—•
General Rayon Co A stock
•
dep rets
Shareholdings Corp com
1
convertible preferred
•
Water Gas & Electric common—1
General
$6
Gen
$3
Georgia Power $6
$5
—•
•
•
•
preferred
preferred—.
preferred
(AC)
Gilbert
common
*
*
25
Co
Gilchrist
# Co...
Harvester Co
...
Gladding McBean
Gleaner
Glen
Gobel (Adolf)
Class
1
Inc common
Godchaux Sugars
,
*
Coal
Alderi
class A—
B
——*
— •
*
preferred
Consolidated Mines
Goodman Mfg Co
—
Gorham Inc class A
$3 preferred
$7
Goldfield
Gorham
—
Mfg common..
Graham-Paige Motors
Grand Rapids
$5 conv pfd__25
Varnish
—
5%
1%
Apr
7 %
1st
common
Tea—
stock.,
preferred
Great Northern Paper
600
2
3%
Jan
1% Jan
1074 Mar
88y/4
Apr
53/8 May
Feb
37a
18
May
18
400
16%
Jan
7%
8
1,400
6%
Apr
8% May
100
8 J/4
Feb
9%, Apr
9%
9%
21
300
140% 142
40
107
30
20%
20%
18%
Jan
Jan
145
Jan
1043/4
84
Jan
107
132
1%
3%
3%.
102%
3%
140
103
X102
600
Feb
237a
Jan
101
102
Jan
Apr
May
Feb
274
Mar-
Jan
4
Jan
2%
92
104
13% Jan
Apr
1972
15%
16%
16%
750
May
110
Jan
15
Jan
18
21%
21%
21%
21%
21%
22
400
6,100
153/4 Mar
19 % May
21% May
213/4 May
17%
22
Jan
66
400
21
400
13
110% 110%
40
109
%
17,300
3%
3%
61
66
20
21
3%
%
%
10%
100
20
46%
48
47
48
550
24
24
8
11%
25%
8
12%
May
24
Jan
Jan
%
66
113
Jan
Jan
1
Jan
Feb
393/4 Feb
Jan
13% Mar
41
Jan
5172
A.pr
39 %
Jan
50
Feb
7%
12,700
200
1,400
24
May
7% Mar
10%
86
Apr
Jan
95
175
100
134% May
257s May
974 Feb
15%
Jan
10372
Feb
140
Feb
37%
38
550
35% Mar
3872
Feb
12%
38
•
Grocery Stores Products common__25o
Gulf State Utilities $4.40 pfd
100
Gypsum Lime A Alabastine..
13%
700
10% Mar
147a
1,800
Co
Bridge
Co
110%
8%
300
Jan
8
8%
Jan
Feb
For footnotes see page
2249.
Jan
12 Vb May
16
.1874 Feb
37
38 %
40
130
130
337a
32%
.—
—
;
Jan
157a
Feb
37
Mar
4072
Jan
Jan
11
Feb
124
10
May
130
May
18
Jan
113
Jan
150
23
Jan
287a
3,700
43
Mar
50
,
7 7b May
1,200
103/4
5,000
1,300
Jan
3%
Jan
Feb
Feb
Mar
83/,
1874 May
474
Feb
Mar
3274 May
143/4 Mar
17>/4 May
28
200
.31%'32%.
'
Mar
110
>
34
3074 Jan
450
27
4672
7%
HV2 183/a
474
4%
:
May
8
—
,
48
14
26
45
7%
18%
Illinois
Zinc
- <
r~
<-•->
1672
17 74
2,000
22.
2374
2,100
14%
Jan
2572 May
56
56%
18%
2,100
53
Jan
58 74 May
18%
2,700
15
Mar
20
15%
18%
4,800
137a Mar
63/8
Jan
7
May
13'A
13 %
800
11%
Jan
14
Mar
13%
13%
2,100
127a
Jan
137b Mar
11%
—
1774
—-•
Co.—
£1
•;
Registered.
...
V
Imperial Tobacco of Canada..
8
Imperial Tobacco of Great Britain &
Am
•
1174
400
Chemical Industries—
Imperial
dep rets regis
Imperial Oil
(Can)
coupon
Ireland
133/a
£1
1,
7%
preferred
113% 114%
Insurance
Machine—!
*2%
"2%
100
64
65
500
30'A
28%
30%
11%
600
Jan
3
Jan
68
Apr
Feb
85
'< 19
3,700
Jan
..20 3/4 Feb
10074 May
2274
Feb
317b
Feb
24% May
14%
1472
100
972
Jan
16
May
20%
217b
5,100
18%
Jan
22
Mar
21
21
200
19 74
Jan
21%
Mar
Mar
13
—.
20%
•
10
International Safety Razor B—_——>•
700
2%
500
31 %
750
2%
272
29.
International
317?
~VA
~i7b
1%
Interstate Power $7 preferred—
•
Investors Royalty
—1
Iron Fireman Mfg voting trust ctfs—•
33%
33%
347a.
%
7'b
Utilities Corp com
15
$3.50 preferred
——.—50
5
1
Interstate Home Equipment
;
Jan
Feb
Jan
3174 May
Jan
17b Jan
5372 Mar
1%
Feb
500
173/8
Jan
3674
Apr
%
Jan
17a
Feb
1,100
2372 Mar
Jan
1074
1
Jan
4
700
97/e
3
Jan
974
19
75
23
9%
Jan
374
6,400
'
27a
3
274
23
51 Va
1:
22%
~9 3/4
1
•
9
9%
*9%
—
Irving Air Chute
Italian Superpower A
Feb
3
Mar
193/4 Mar
shs—•
—
71
27b
1,200
100%
99 %
10074
50
International Metal Industries A
•
International Minerals and Chemicals-
shares
International Products
Feb
Feb
Jan
55% Mar
67
65
;
coupon
Apr
68
577a
40
*
International Hydro ElectricPreferred $3.50 series
Registered
11572
Jan
27a Mar
10
of North America.
Co
International Cigar
287b
52
6572
.1
...——100
preferred
Mar
12
Jan
100
2%
7 %
May
187a May
*11374 Mar
30
637b
63%
63%
—100
-
Industrial Finance v t c common
Jan
11
267a
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred
—100
1
Aircraft Engine Co
Jacobs
2,000
Feb
4ya Mar
—
14
13 74
6 %
7%
674 May
Jan
14% May
4%
Jan
Feb
67s
5%
600
100
104
Jan
10772
Feb
110% 1107s
30
108
Jan
110%
Apr
112%
30
x 108
72 Mar
112-
.—100
——*
:
Julian & Kokenge Co
Jan
1174
>5%
*— ____100
preferred—
preferred—
2,300
20,300
105 72 10572
5%
—;
& Lt SVa% pfd—100
Jersey Central Pwr
67a
14%
6
6
%
—
Co.
Jeannette Glass Co.
(F L)
Jacobs
213/4
Feb
1167a
Feb
Feb
114
22%
Apr
K
Elec 7% preferred.. .100
Key Co common
Kidde
(Walter)
&
Jan
118
1774 May
500
1,300
2872 Mar
20%
217b
1,900
18
Apr
2574
61
61
5272
Jan
63
Feb
55
May
874 May
217b
—5
Co...
100
Lighting 7 % pfd B——
100
5% preferred D
—1
Kingston
Products
-1
Kiiby Petroleum——
-1
Klrkland Lake G M Co Ltd
Klein (D Emil) Co common
I10
Kleinert (I B) Rubber Co—
3,200
4374
37b
Jan
«Jan
7
1,600
7
1%
6,300
77a
16%
...
Brewing Co—
Feb
14
7?
Jan
574
Feb
9%
Jan
'
17b May
Jan
17%
Feb
1672
100
16% May
17%
Jan
1574
500
1472
1774
Jan
97a
4,000
97b
200
60
58
380
57
Mar
9 Vb May
97b
1
9
May
99
/
9
.100
convertible 1st preferred.
Apr
12
Jan
1572
'
Kresge Dept Stores—
347a
Apr
174
4 7a
„i
Kobacker Stores new common——
20
472
77a
47b
1574
...i
Knott Corn common..——
4%
Jan
177b
3474
—
Kings Co
Krueger.
13
17%
33
17%
...5
Kennedy's Inc.—
Ken-Rad Tube & Lamp A—
Jan
9
Jan
1174 Feb
Jan
77
May
Jan
77
May
23
May
100
Jan
—„
Lane
common
Realty
•
i
—28
1
Inc 6% preferred
Class
B
11472 Mar
9 V*
Feb
9%
Jan
Apr
12% Feb
6
Apr
/
Feb
1174 Mar
1097a
Apr
Feb
15 72
600
13 74 Mar
17
15
3072
500
2572
30 7z May
Jan
774
Feb
Mar
7%
Jan
Mar
62 y2
Jan
2V4
Jan
4
100
48
1%
1%
1%
8,400
17b
Jan
200
2872
Feb
37% May
13%
Feb
167b May
36
36
36
100
5972
5972
5972
163/a
900
1674
17 74
800
29
29
15%
10%
!6%
—23
4
"57B
~3%
•
50
800
37a
374
Feb
14
Jan
19
2772
Feb
30% Apr
4%
274 Jan
24
Feb
Mar
24
Mar
Jan
Class A——
21%
217a
50
187a
Jail
22
1274
1272
5,700
10 7b
Jan
12y2
1272
87b
•8%
87b
4,600
8%
117a
70
110
Jan
Feb
112
Mar
600
32
Jan
40
May
—
...
—
5
Locke Steel Chain
...
Lone Star Gas Corp common..„„
Louisiana Land it ExplorationLouisiana Power
8
~57b
—10
—
Groceterias
Apr
7%
—8
Corp —'
Loblaw
Jan
5%
672 Mar
(R G) Inc
Lipton (Thos
600
6%
1
Line Material Co
Lionel
Jan
72
307?
common
Oil Development
Le Tourneau
Jan
3%
43/4
.
157a
,
preferred
Convertible
Leonard
15 7a
600
4 72
76
Langendorf United Bakeries class
Lefcourt
4,700
21 Vi
767?
2274
7%
Bryant 7% preferred—
Lane Wells Co
76
75 Va
4%
Machine
of Delaware
Corp
Lamson
76
2172
Certificates
Lakey Foundry &
76
109%
100
RR (N J)
of deposit
Lake Shore Mines Ltd—
Lackawanna
—10
1
•
11074 Hi;
•
& Light $6 pfd—.
"
3974
39%
Lynch Corp common
40
Feb
Feb
/V
M
'
Manati Sugar
optional warrants-
Mangel Stores common—
$5 convertible preferred
Manischewitz (The B) Co
6
Ltd
33
May
Jan
Feb
11
Lamp
2772 May
Jan
—
-
Feb
10
7%
H
Hall
24 7z
Jan
4,500
—
Lit Brothers common
134% 135
94
May
43/4 Mar
Jan
39%
10%
47
Feb
Jan
18
3% May
48% Jan
800
19%
May
12%
50
18
Greenfield Tap & Die
Hamilton
Jan
Mar
114
109% May
110%
Jan
193/8
Apr
53
Jan
Jan
52
111%
1
•
100
28
15,800
Jan
17%
7%
—J
Mfg Co
Great Atlantic & Pacific
Gray
Non-voting
•
..1
50
•
•
10
5%
4
Gen Electric
Amer
Jan
53/4
18 74
97b
Apr
50
Power Co common
preferred
b%
9
100
May
6M2 May
5% Mar
9% Jan
t
May
14%
56%
preferred
Kansas Gas &
Gatineau
Mar
20
500
6%
24
B voting
Class
Ford
11%
11%
£1
ord reg.-—
dep rets
Am
106
800
227b
Illinois Power Co common
Warrants
Fairchlld Camera & Inst Co
Fairchild Engine & Airplane
17
9,300
•
—
Apr
Jan
Mar
103 7b
20
50
12 7a
17
4%
32 lA
fiygrade Food Products
International Petroleum
11%
.
108% May
72%
66
68%
137b
48
—1
1
—•
i
......
preferred
Hydro Electric Securities.
Dividend arrear ctfs
18%
Ilia
Jan
117s
27
46
7%
183/8
Feb
Feb
57
11
Esquire
Eversharp Inc
2
58
48%
43%
preferred
convertible
$3
Jan
11%
cominon
Equity Corp
1%
47 % May
Jan
11
31V* Mar
100
39 %
District Electric
Empire
Jan
1%
15
100
Apr
46%
pfd A.
Elgin National Watch Co
Elliott Co common
5%%
conv preferred
Emsco
60
48
Corp
Electrographic
Feb
17'5
—,
Bond & Share common..
preferred
preferred
$6
46%
91% May
«
—
B
Electric
$5
1,220
-
1
preferred
Washing Machine
Economy Grocery Stores
Feb
48
*
Associates—
Sugar
Eastern
Jan
\78%
48%
•
preferred series A
preferred series B
Easy
2%
425
33%
89%
..25
Malleable Iron
Eastern
1,800
90%
57%
3
3
.100
.100
preferred
prior
4%%
Apr
3%
3%
89%
56%
1%
•
Fuel Assoc common..
Apr
Jan
38 %
•
1st
East 1 Gas &
26
1472
25% 263/8
50
Co
Ligonier
Huyler's common.
12% Feb
2034 Mar
50
417a
8
—1—-*
...8
.•
Co^-p
Fibre
May
—
100
Refining
&
Hummel-Ross
52
127a
__
(Harvey) Inc
Jan
.
263/8
common
preferred—-
Jan
47
•
1
(Geo A) & Co common...
Horn (A C) Co common
Horn & Hardart Baking Co.—
Jan
87b May
Jan
150
x20
6%
23
874 Feb
3672
May
8%
2,800
147b
x20
6%
24
4 74 Mar
Jan
6 74
*
Inc
Hormel
—28
•
Dominion Textile Co Ltd*
Draper Corp...
•
Driver Harris Co—
———10
Duke Power Co—
*
Durham Hosiery class B common
•
Dura Test Corp common
1
Duval Texas Sulphur——
*■
,
x20
1
8
2.60
10
8
*
—
Heyden Chemical common
Hoe (R) & Co class A
Apr
4%
...
274 Mar
4872
1278 1278
104
104
127a
100
*
preferred w w
5%%
143,4
7
30
600
25
25
Jan
1,100
xllTt 11%
14%
55 %
Jan
378 May
1UO
30 74
87b
25
Feb
Jan
1%
600
——
xll3/8
3174
6374
8
8
83/a
2bo
•
•
.2
.
Helena Rubinstein
378
778
30
Jan
2774
1,500
274
37b
2
8
30
*
8
50
;
—
Common
900
200
300
17%
28
1
—
b%
Hecia
2%
—.
America B non-vot com—1
Hewitt Rubber common
Distillers Co Ltd—
Diycqj
Harvard
High
Low
200
27 7a 29
29..;.
10
28
Rayon voting trust ctfs_—1
Brewing Co..
1
Hammermill
Paper
Hartford Electric Light
9 Vb May
Range Since January I
Shares
High
Low
Par
High
Low
Sales
for Week
of Prices
Sale Price
Range Since Jannar y 1
High
Low
Par
Exchange
Curb
York
New
for Week
Week's
Range
Friday
Last
DTOOkb
Friday
STOCKS
Sales
Week's
Mapes Consolidated Mfg
Marconi Internat Marine
Communication Co Ltd.
27s
23
135
27b
2%
125
3,600
2,400
23
20%
Jap
Jan
17
50
135
3
27b Mar
1474
104
Mar
33
Jan
-
Jan
23
May
135
Mar
18
Mar
38
Mar
Co
674
674
200
6
Jan
674
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
161
NEW YORK CURB
RANGE
8 T O C K 8
Week's
Friday
York
Curb
Range
Shares
par
Mass
23 %
50
t
v
9%
9%
9%
500
1%
1%
1%
800
1
10 Vs
5,400
10 Vs
——*
pfd—100
9%
'
—
--
preferred
McWilliams
Mead
Dredging
*14%
•
15
100
—.
1
4%
—
Textile
'
—
Participating
preferred^.
Preferred
15
4%
Corp
25
Mid-West
Midwest
Midwest
10
6
Feb
Jan
112
May
13%
Jan
10
3%
17%
Mar
5%
Feb
Apr
Jan
110
Jan
3%
Jan
7%
1,200
3%
Jan
Feb
4,200
1%
Jan
10% May
1% Feb
1,100
8%
Jan
10%
Feb
900
12%
Jan
19% Mar
15 %
Jan
19
Paramount Motors
Parker
3%
Jan
5
Feb
1514
17,200
11
Jan
12%
Apr
—
2814
29/a
200
26
3514
35
35 /4
400
28%
1014
10%
15% May
Mar
16
Mar
Jan
$6
900
2%
Feb
3%
200
8%
Jan
IIV4
150
3%
3%
7,500
3J£
Jan
6%
18,000
1%
Jan
—.
100
115
115
115
10
*
—
20
21
950
13
13%
16
5,100
13
Jan
9%
Apr
11%
3
Feb
9%
314
4
2%
—
10
*
9%
4
—1
Montgomery Ward A
Montreal Light Heat & Power
Moody Investors partic pfd
100
60
Mar
106%
1514
S%
1
common
Monroe Loan Society A
Montana Dakota Utilities*
Jan
—
—
192%
J2%
*
900
100
191
192%
220
200
Mar
37/a
Feb
6% May
69% Apr
111%
Jan
116
Feb
Jan
21
May
2%
Pepperell
Feb
179
Feb
Phila Electric
Phillips
Pierce
Murray Ohio Mfg Co
May
Pitts Bess & L
Pittsburgh
Pleasant Valley
Plough
2% Mar
Apr
192%
Polaris
Apr
Power Corp of
Jan
2%
Feb
Pratt
Jan
9
Apr
Premier
24%
Apr
Fowdrell
&
28
Apr
Pressed
Mar
Breweries
National
10
Jan
Jan
92%
Public
National
Refining
National
Steel
National
Car
Ltd
Union
26'
12%
1
100
12%
Tel—
Co
Inc common*.
& Arizona Land
New Process Co common
N
Y
Auction
N
Y
City Omnibus
N
Y
N
&
Y
Co
Honduras
10
Power
&
Light 7%
shares*
*
1
*.
N
Y
Niagara Hudson
5%
1st
5%
2d
Class
Jan
27%
1,300
11%
Apr
14V2
1%
Jan
5
preferred
—100
;
optional
warrants
Share
Corp
class
Jan
107
Jan
9%
100
Niles-Bement-Pond
Apr
6%
48
;
Apr
110% May
lT%
Mar
Jan
14% Mar
100
7%
Jan
10%
6%
Feb
Electric—*
—J
*
Light & Power common**1
preferred
•
North American
Class
6%
B
American
Jan
63
Jan
Jan
110%
Feb
71% Mar
Northern
Central
Northeast
North
Texas Oil
RR
23%
Apr
117% Mar
25%
Rice
70%
Mar
Richfield
3%
Feb
66%
1,200
3%
.
800
63
Mar
2% Mar,
40
—
Mar
Mar
12
33
200
20
18
700
60
Jan
Feb
40% Mar
6%
22
Republic
Northern
States
Power
class A
Northrop Aircraft Inc
No^adel-Agene Corp
Apr
117
Feb
105
Feb
107%
Apr
17
Jan
107% May
21% Mar
110
Feb
Jan
91%
Root
Jan
%
Co
Ohio
class
7%
714
400
1554
4,100
6% Mar
13%
May
5%
Apr
May
8%
2 A
2%
1,700
22
4%
130
25
4%'
7,200
11,200
275
41%
41
41%
200
3%
2
3%
17 Vs
Public
Service
1st preferred
6%
7
%
3,300
15%
15,600
Jan
2%
13%
Jan
19% Mar
1%
121
35%
Jan
25%
Apr
Mar
51/4 May
136
May
Jan
42% May
36%
Feb
421% May
Jan
56
1%
Jan
Jan
11% Mar
Mar
3% May
7%
Mar,
104% 104%
20
99%
Apr
15% May
104% May
10814 10814
25
1061/4
Jan
1101/4
36
37%
17
18
500
8,900
7
6%
7%
2,400
28%
2914
1,300
United Filters
1st
pfd
35
Mar
14% Mar
6% May
26%
Jan
Mar
39%
Mar
18
May
9%
Mar
32%
Apr
For
100
4%
4%
2,100
26%
275
22%
Jan
115% 115%
50
114%
Jan
117%
Jan
110
116
Jan
119 Va
Mar
70
111
Jan
115 Va
-*
il_*
B
111% 111%
34%
—
—•
34%
200
6 %
6 Va
200
«...
Securities
footnotes
1
see
page
2249.
16%
Apr
Jan
17% Mar
1,500
3%
Jan
2,200
4%
12%
Jan
18
36%
150
1%
1%
11,400
13%
2,000
14
Va
%
10%
11
4%
Apr
18
May
Jan
ltV
7%
Jan
37%
Feb
Jan
31
1%
Mar
Feb
Jan
Mar
12
73
15% May
16,000
%
Jan
1,800
10%
Apr
Mar
%
Jan
13
Feb
9%
108
108
10
Feb
Feb
107%
Apr
109%
1JL1%
Jan
115
16
16%
16%
108 % 109
7,400
14%
Jan
16%
Feb
110 %
Feb
250
107
Apr
Jan
19
19
100
16%
Jan
19
May
16%
18%
1,275
13 %
Mar
18 %
May
.10
137/a
13%
300
13%
Apr
17%
Jah
79%
84
620
19
82
160% 161%
40
76%
Jan
84
May
156
Jan
162
Apr
Jan
14%
Feb
1%
8,500
1%
Jan
1%
Feb
18%
500
15%
Jan
18%
Apr
1 Va
Jan
33%
500
32%
Apr
42%
26%
26% "27%
600
22 Va
Jan
29%
52
Apr
56
19%
19
19%
6,400
18Vs
Apr
23%
Feb
2%
Feb
1%
1%
18%
18
10
33%
33
•
10
1
•
common
50o
Engineering—
—
5
•
1%
•
,
1%
2,700
26
26%
1,100
17%
100
1%
26
8%
24
9
3,300
23%
1
.
24
1,200
5Vs
1
.
Feb
Feb
Feb
May
24
Jan
26% Mar
14%
Jan
18
7%
Jan
19
Jan
Feb
9% Mar
25
Mar
1
1
t c
v
1 Va Mar
2
1%
6,000
%
Jan
1%
4%
1%
5Va
9,500
3%
Jan
5Vs Mar
1%
5,900
%
Jan
1%
1
warrants
—
17%
1
1%
Feb
Feb
109
109
15
Xl06%
Feb
109
14
14
50
12
Jan
14
18%
18%
300
17
Apr
22%
Jan
16%
15%
16%
400
12%
Jan
16%
May'
9
3%
3%
3%
1,600
2%
Jan
4%
1
pfd D
7%
7
7%
1,100
100
•
18%
Works
5
Inc
Co
—
10
21%
23%
11
23%
11
200
10
33,600
2,500
*
2%
*
18%
18 Va
•
Ave
6% Mar
18 %
20
Royalite Oil Co Ltd
Fifth
.
11
Feb
May
Mar
Feb
8% Mar
18%
Feb
Apr
24% May
Jan
19% Mar
Mar
Ryan Aeronautical
Co
Consolidated
Ryerson & Haynea
Ryan
1
8%
8%
•
7
7
7%
400
1
3%
3%
3%
1,900
Petroleum
common
6%
Apr
7
Apr
12 V4 Mar
3% Mar
10 Vs
Jan
9
Jan
4%
Feb
fit
Lawrence
Class
A
Regis
Salt
Dome
Samson
*
17%
Corp
Co
8
Schiff
Co
common
•
Schulte
(D A)
common
1
preferred
Convertible
Scovill
Scranton
Elec
$6
20%
9
6%
13,000
1,500
8% May
5% Mar
3%
3%
3%
300
31%
33 Vs
500
4%
3%
22
Jan
Jan
7
10%
Feb
Feb
Feb
Jan
8%
Feb
4%
Feb
33 % May
4% May
3%
00 CO
575
70%
Jan
88% May
38%
39
800
34 %
Mar
39 % May
4%.
39
,
—
9,800
86 %
4%
«
pfd
3%
Jan
5% Mar
33 Vs
—25
Manufacturing
Jan
16%
8%
8%
Oil
2%
200
14,100
5%
1
common
Savoy
100
6
5%
6
1
Co
Oil
2%
17%
5
common
United
2%
17%
.
prcf
conv
2%
—50
Corp Ltd
$2
Paper
Jan
111% Mar
111% 111%
10
106%
12 Vs
13 %
7%
6%
370
88%
1,600
10%
Jan
1,300
4%
Mar
46%
100
42 %
Feb
113%
Feb
112
Apr
Scranton Spring Brook Water Service—
$6
•
preferred
Scullin
Steel
Co
•
common
Securities Corp General
Seeman Bros Inc
Segal
Lock &
.
•
1
2%
11%
common—
stock
stock
1
8
2
Va
2%
10,600
11
11%
3,200
20%
•
Inc
104
46 Va
_•
common
Industries
prior
13%
1
Hardware
Seiberling Rubber
Selby Shoe Co
106%
21
2%
2
2Vs
100
11,800
Jan
14%
47
2
Jan
9%
Jan
12
Jan
21 Va
19
1 Va
12
Jan
Jan
r^.b
7% May
Feb
3% Mar
Feb
Mar
2%
Feb
19%
Apr
17
16%
17
89%
88 %
89%
435
82% Mar
89% May
91 Va
90
91%
350
83 %
Jan
91 ¥2 May
*1
19 Vs
19
19%
1,700
14%
Apr
21%
Apr
1
*—
1%
1%
1,500
H
Jan
1%
Feb
—25
certificates
—
2,400
Mar
116% 117
15
Apr
17 %
13
&
$5.50
26%
——
May
6%
Jan
.5
preferred
Electric Steel Co
4%
Apr
5%
Mar
27% Mar
Semler
Sentry
Serrick
(R
15%
—
16%
—
—
400
29%
Jan
35
Apr
6
Jan
7
Mar
9%
Jan
10
Jan
10%
Jan
16% May
B)
Inc*
*
Safety Control
Corp class B
Denn
5%
cum
pfd
Deposit receipts
1%
6%
10%
Power
common
series
—
6%
100
•
Mining
Shawinig.'in Water &
Sherwin-Williams
*
1
Seton Leather common
Shattuck
common
Omar Inc
Overseas
4%
•
100
142 %
Jan
1,200
4%
13%
convertible
Russeks
Apr
2
5%
—
29
100
Oklahoma Natural Gas
Oliver
common
Jan
4
13%
1,700
Feb
13%
53
41
B
117
78% May
20 % Jan
Jan
Jan
12% Mar
1
preferred
64% Jan
14% Mar
Apr
_•
common
Brass
500
5%
16%
35%
Do
Petroleum
$1.20
Allotment
Power 4%%
450
.*100
Convertible
Ohio
Apr
1,450
15%
Feb
6%
Feb
90
O
Ohio
44%
74%
15%
Metal
Art
Selected
Ogden Corp
Feb
71%
8
Roosevelt Field
82
1514.
17%
Mar
1,300
common
Mar
ft
*
Jan
9%
9%
Corp
23%
98
400
25
Cable
Jan
Jan
50
36
4%
Jan
9%
.100
Rochester Gas & Elec 6%
& Pendleton Inc
Ronson
89%
90
_*
Apr
X8%
9%
.100
Corp.
Mar
Jan
1,375
—
Jan
3%
_•
Radiator
33 %
3%
4214
Northern Indiana Pub Serv 5% pfd—100
Northern Natural Gas
20
Oil
Apr
17,700
98
1514
Apr
4
6,300
3%
%
Goods
30 Va
4%
132%
—50
*
25%
8,700
51
Rio Grande Valley Gas Co
Rome
Jan
89
•
300
5%
4%
Roeser
64V4
97%
4%
27%
5%
4 Va
Co
Dry
Richmond
Jan
170
97%
24%
Jan
27%
~5%
11
Aviation
Stix
Feb
87%
4%
130
7%
8%
Colorado—
Reliance Electric
281/4 May
84
2%
500
8%
8% May
Reed Roller Bit
Jan
17
151/3
8 Va'
Co.
Red Bank Oil
Jan
4114
1
Co
9V4 May
37% Jan
53 convertible preferred
14%
4214
8
Airlines
Penn
32% Mar
6%
Raytheon Manufacturing
20%
50
:
Utility Securities
Jan
Voting common
Railway & Utility Investment A
Rath Packing Co. common
Raymond Concrete Pile common
100
•
common
prior preferred
North
30
common
Power
600
_•
Rayon class A*
175
preferred
27
4%
North Amer
$6
32
May
R
St
Noma
31%
Radio-Keith-Orpheum option warrants*
Railway & Light Securities
Feb
7%
6
10714 108
84
8
;
Feb
31%
Jan
8%
1
Mines
Quaker Oats
Quebec
Rotary
17
—
5
•
*
Nineteen Hundred Corp B
Nipissing
Apr
13%
AprMar
500
*
com
17%
Manufacturing
2414
10514 10514
100
B
39
Jan
Jan
21/2 Mar
May
38
150
xl7% Mar
115 %
10
common
preferred
B
Niagara
Power
Jan
35
Jan
Feb
22%
preferred—100
Electric & Gas $5.10 pfd_100
Water Service 6% pfd
100
Feb
11
1U
9%
8%
Shipbuilding Corp—
Founders
Mar
11%
.10
16%
N Y State
177%
100
16%
Pyrene
900
130
31%
__
Apr
Jan
151%
Feb
x5
•
70%
Apr
May
Feb
10
preferred
N Y
8%
3%
__
100
4%
Jan
Gas
of
Mar
Jan
57
16%
121/4
Feb
—
Rosario
173
4%
23%
Jan
1,150
—
warrants
172
132% 135 Va
22
Jan
16%
*
common
1,800
43
11
16%
7014
65
3%
112
3
70
69%
69%
700
1st preferred
1st preferred
23%
66%
2% Feb
113% Mar
Jan
15%
20% May
15 % Jan
21%
—
Corp
Service
27
1
Jan
3,700
Puget Sound Pulp & Timber*.
Pyle-National Co common*,
16
11614 117%
2414
_•
Merchandise
$8
8%
•
Jan
109%
$5 prior preferred
Feb
May
Jan
'
*25
New Mexico
3%
—
1214
68%
__
1%
120
71%
39% Mar
—
•
Jersey Zinc*—
Y
814
7014
100
—
Feb
12%
—
34
400
9%
12
•
Clock
.
•
preferred
Haven
Jan
1,100
9%
•
51
17
Common
Mar
Jan
1%
11014
—
8
100
England Tel &
2%
24
11
__
109
—
Mar
700
1
33% May
200
800
514
514
—
—
„•
New
N
1%
5%
—
preferred
New Idea
700
—/
—
1214
Corp
Jan
14%
30o
preferred
New
New
9
1314
24%
England Power Associates
$2
9
1314
;
(Herman)
6%
9
12%
Neptune Meter class A
Nestle Le Mur Co class A
New
10,600
2514
common
Radio
Co
Nebraska Power 7%
Nehi Corp 1st pfd—
Nelson
4,000
11%
•
National Tunnel & Mines
Oil
22
2114
11%
12.50
*
47
—
39
._
39% Mar
19%
*
Sugar Refining
Navarro
50
2014
*
19%
11,700
1
National Transit
National
3
3314
—
11%
•
common
common
Machinery*.
Rubber
2%,
3314
200
21
♦
Mfg & Stores
National
23
22
50o
common
Mar
Puget Sound Power & Light—
22
'
81
11%
America
89
2%
Feb
Mar
15%
Prosperity Co class B
_*
Jan
7%
78
2%
Nevada
171/4 May
17% Feb
7%
42% Mar
31%
112%
•
of
23
Providence
Jan
38
—11
of
Jan
Jan
National Fuel Gas
National
Metals
18
13%
•
—
common
550
common**
City Lines
Inc
200
Apr
Mar
5% Jah
2
.
16
Producers
40
Feb
Mar
112
Mining
Prentice-Hall
Jan
22
51
Canada
Gold
134
Jan
Jan
2
*
Lambert Co
17%
1%
preferred
25
National Candy Co common*——*—814
—
Alexander
Feb
18%
■
4%
22
—
25
common
14%
1
79 %
16%
15%
common
79%
Glass
2114
•
National
&
May
N
Hess
38,800
Wine Co
15%
2,700
7%
Apr
Feb
9%
49% May
44%
2d
Miuing Co
1%
42'
130
50
42
6%
Apr
22
Jan
42
6%
common
6%
18% Mar
—
Apt
May
13%
Jan
Jan
24%
104
—123
pfd
Ltd
17%
Corp
800
8%
33%
__
—
Jan
12%
common
Pneumatic Scale
8%
Bellas
Inc
1,800
100
National
19%
19%
—
Mar
8%
17
1
:
2%
preferred
50
—
Jan
97
.—•
Co
Plate
Mar
1,800
—
30
11,700
E RR
May
11
38%
.**•
Pittsburgh & Lake Erie**,
Pittsburgh Metallurgical
7%
*
104
May
112
__
5%
—•
common
8% May
46 %
II100
Mines
214
100
Muskegon Piston Ring
Nachman
Gold
714
•
common
States Tel & Tel—
Jan
X22%
•
Governor
Pioneer
2
714
113% May
46%
IIII*
com*
Piper Aircraft Corp com
Pitney-Bowes Postage Meter
—
75
A
common
Packing
40
10
Jan
12%
1
Co
Power
20%
5c
110
29
,
Co
20%
States
Feb
80
11%
•
common..
Rubber—*
40
Producers
109
—
—
Co
Circle
40
City Coppor common
Jan
"_2~5G
Power
Mfg
—
Mountain
%
1
Co
•
Mountain
107
-a—
——
Light $7 preferred
Penn Water &
•
Mountain
Jan
160
12
Apr
4
Jan
10%
—
34
Jan
114%
7,700
Jan
Apr
16
27
t
—
——2.50
—1
Apr
37
preferred
Pharis Tire &
pfd
Light 7 %■
42 %
Jan
107 %
200
107%
Penn Power &
Penn Traffic
Philadelphia Co
5%
67
:
—10
Penn Gas & Elec class
Feb
614
6614
Jan
36
104
Pennsylvania Edison Co $5 series Pfd**,
•
$2.80 series preferred
Feb
3%
30
.11*
...
Parkersburg Rig & Reel
Patchogue Plymouth Mills
39
*
*
100
30
19
38
300
1
,
29%
—0
30
Jan
1,100
36%
107
111
.___*
Corp
Co
Pen
14%
41%
111% 112%
107
19
40%
.—*
$1.30 1st preferred
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Jan
1,900
10%
Service
Peninsular Telephone
1
Mojud Hosiery Co Inc__
Molybdenum Corp—
Co
Public
$1.40 preferred A
Pennroad Corp common*.
4,900
.
Power
Pacific
Feb
8% Mar
High
7
Lighting $5 preferred
•
Pacific Power & Light 7 % pfd—_-100
Feb
4
3
LOW
18%
40%
Pacific
4
850
Range Since January 1
High
36%
28
28
50
17%
2%
Low
•
__
1st pfd
Jan
19
2%
common
Jan
3%
•
Co
3
.*
Cupply
Pictures
Car,
Pacific Gas & Elec 6%
5Va %
1st preferred:
45
17Vs
10
«
Pacific
20
16%
15%
Shares
P
r
1,600
4
15%
for Week
5 % Mar
17%
50
Mississippi River Power 6% pfd
Missouri Public Service common
6%
Jan
91
100
Range
of Prices
Par
Perfect
—
&
Pwr
Muskogee
9%
Feb
May
19
—*
-—
Refineries
Mountain
1%
3%
10 A
1 A
18
162
tc-1
shares*—-
Co
Piping
Monogram
4%
Jan
Jan
12%
144
8
Mining Corp of Canada
Minnesota Mining & Mfg—
Minnesota
Mar
Products—
Abrasive
Mid-West
39
1,900
conv preferred—*
common
Oil
3%.
1%
1
v
common..,.*
$2
$2 non-cum dividend
Co
Apr
1
Corp
Midland Steel
•
10
500
1014
10
v t c
West
Midi ale
800
3,100
3%
*
Middle States Petroleum class A
Midland. Oil
.
2.50
:
Mar
7% Mar
2,100
15 A
106
106
4%" 5
4%
4%
49
49
—
1
Micromatic Hone Corp—
Middle
112
80
14 %
4%
25c
Corp
Michigan Bumper Corp.
Michigan Steel Tube
Michigan Sugar Co
Class B
1,400
3%
preferred
Messabi Iron Co—
Metal
4%
HO
—
*
Scott
Warrants
A
1,100
161%'162
4%
8
common—;
&
14/8
14/4
■
161 Va
common—-
Stores
Chapman
6%.%
9%
95
36% Mar
*
;—;
Co—*
Memphis Natural Gas
Merntt
9Vs
*
—*
Johnson &
Mercantile
9%
-*
common
1% Mar
lOVb May
Mar
Sales
Last
Bale Price
11 % Mar
7% Mar
Week's
Friday
Exchange
Mar
Jan
95
--
Curb
High
29
8% Jan
,
$2.50
Apr
1
o_
Massey Harris common
McColl-Frontenac Oil Co 6%
Corp
21
*
4
Utilities Association
McCord
Low
23 %
__
New York
Range Since January 1
High
Low
•
Marion Steam Shovel
STOCKS
for Week
of Prices
Exchange
Margay Oil Corp
EXCHANGE
FOR WEEK ENDING MAY 18
Sales
Last
Sale Price
New
2247
AAA
8
10%
200
10 Ya
Jan
3%
Jan
6% May
11% Mar
3%
16%
116
113
5
Jan
3%
2,oqo
16%
800
15%
Apr
16%
Apr
500
102%
Jan
121%
Apr
105 V2
3%
•
—25
11
5% Mar
Apr
112%
Jan
115
Apr
116
100
113%
113% 113V2
30
111% Mar
Monday, May 21, 1945
FINANCIAL CHRONICLE
COMMERCIAL * &
THE
2248
CURB EXCHANGE
NEW YORK
FOR WEEK
RANGE
ENDING MAY 18
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS
Friday
STOCKS
Range
Sale Price
for Week
Shares
1
1
123/4 Mar
875
14%
m
"T
common
Co
Silex
32
Simmons-Boardman Publications—
$3 convertible preferred
1
Simplicity Pattern common—
.100
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7%
pfd—
"3%
"3%
~314
3
900
(Howard)
111% 111%
.100
Corp
Manufacturing common
Corp common
South Penn Oil
Southwest Pa Pipe Line
Southern California Edison—
South Coast
A-
Feb
32
Feb
Jan
46
30%
Jan
293/4 Mar
9VA
91
"9
~8% "9
600
20
815/8
Jan
Jan
8y4
Apr
11
Jan
9%
Jan
10%
Feb
12% Mar
14%
Jan
1,000
61
280
x51%
Apr
6
800
5
Jan
2,050
Mar
3
Jan
4
Feb
18
Jan
31
May
;
-
7
20
%
16%
900
16
11%
Mar
-
Feb
-iY
3,000
y4
Jan
200
2%
Jan
4%
5%
6,200
Jan
y4.19%
300
16% Mar
10 s/8
13%
3%
11%
12
54%
54 %
63%
Jan
61
19
Apr
Feb
53A
5%
5%
Jan
14 %
Feb
6%
Feb
33/4
23/4s
s
3%s
s
13% Mar
3%s
s
13 %
133/4
12
Jan
233/4
Jan
Apr
Amer
31
500
31
30
450
193/4
Jan
25% Mar
Amer
24%
2,700
48 %
49
16 3/8
17%
50
Feb
143/4
jan
20
Feb
Mar
45
250
16%
Apr
10 %
49
975
Apr
12 %
300
6
5%
273/a
Jan
6
6
31
31
31%
800
22%
23 3/8
4,800
Jan
25%
118% May
Jan
2
8%
8%
Jan
20%
20%
4,300
12%
Jan
21% May
20%
33%
150
26
Jan
36% Mar
33%
33%
11%
11%
12%
2,000
9%
Jan
12% May
1
73%
73/4
8%
700
7%
Apr
12%
—1
Jan
65% Mar
Jan
6% May
■
—.
61
3%
9%
Jan
Jan
1950
1960
1970
2016
1961
5s
ADebenture 5s
—
5 %s_.
deb
AConv
Elec 3%s
Atlantic City
12% Mar
•
'•
76
560
77%
J
76
112
110
1% Mar
■
13% May
1% Mar
71%
82 3/4 Mar
Jan
May
100
107% Mar
112
*
111
116%
112
'
.
May
Feb
1%
1%
1%
4,200
1%
Jan
1% May
.—1
4
5
7,400
4
Jan
5%
4%
-
4,500
13%
53
53
-10
59%
900
1%
•
warrants—.
'
—
35%:
1
Jan
2
Apr
12
Apr
12
Apr
Tung-Sol Lamp Works
80c convertible preferred
113/4
13
133%
9,500
7%
Jan
113/4 May
14%
8%
11%
59% May
Jan
— —
Inc,
Feb
1,400
12%
Mar
14% May
Telephone of Canada—
1st M 5s series B
5s series C
Bethlehem Steel 6s
Blckford's Inc 6%s
23/4s—
Edison
Boston
S A Central
Service 5ts
deb 5s
Debenture
5s
Debenture
5s
Realization
Ulen
Investment Co
Yds of Omaha
mtge
preferred
3%
200
23/a
4%
4%
4%
500
4% Mar
7%
7%
600
73/a
Jan
7%
200
7
Apr
20
61
Apr
93% Mar
71
Feb
Gatineau
12%
Jan
100
22
Feb
26
General Pub Serv 5s
AGeneral Rayon Co 6s ser
50,200
2
Jan
7%
___
—100
•
xl0%
m<
22
t
Milk Products
;
*
«—«
■
Shoe
?
i*—.
Jan
23%
Feb
32
3/64 Apr
136
Apr
—»
17 %
2.900
11% .12%
——
16,900
17%.
—
"
'
-
'
'
'
'
— —
20
87%
87%
'
—100
23/8
2
2%
25
common-
1
United Specialties common
Foil Co
1
class B_,
—8
Graphite common
_•
U~S and International Securities.
U, S
$5
1st
U
8
—III
common
Stores
United
1
—
Universal
For
86
Feb
89% Maf
Illinois
Jan
6% Apr
285
May
15
Jan
1% Mar
9
May
9
11,900
8%
Mar
11% May
650
1314
Apr
20%
Jan
400
I%
Jan
2%
Feb
Jan
91%
Feb
1%
1%
88
87
8%
7
8%
525
4,000
100
2
5,600
83
4%
Jan
8% May
13/4
Jan
2%
18,200
5
il Jan
4%
Jan
5%
16%
Feb
Feb
21
100
18%
Mar
16%
16%
600
12%
Jan
16% May
5%
;
6
8,800
4% Mar
Apr
6%
Feb
253/4
23
"3%
25%
16,100
~3 %*
10,000
January 1
Low
101%
10614
108
110%
105 %
107%
5
100
102%
1
108%
111%
6
123
126
14
102% 102%
109% 109%
125
125
92%
98%
97%
97
973/4
High
104
107%
107%
107%
Since
Sold
No.
109%
118
31
29
41%
41%
36%
41%
36 %
42
311
29
42
40 %
29%
42
41%
36%
42
192
36%
42%
188
29
41
54
29
54
99
42
37%
41%
42
107
112
112
120
121
175
110%
112%
120
113%
119%
108
1107
42%
108%
108%
170
103% 104%
104
112%
1170
180
till
113%
104%
10
102%
1051/4
77%
25
58%
833/4
76%
75%
753/4
773/4
188
59
763/8
83%
182
68
83
81%
104
103
106
104%
103% 105
106
106
106
~1
103%
105%
49
104
1053/4
18
104% 104%
105%
105
107
84%
103
103%
106
107
83%
101%
1
103
1104
103%
106%
1
104%
106%
107
110
107%
109
105
107
109%
103%
1053/4
121% 1213/4
1
120%
123
104% 104%
94
103%
104 7/a
101% 102
101%
101%
GO
1053/4
1053/4 106%
41
1107
105
104%
$126 %
106
106%
103
104
107%
124%
124%
—
77
91
1033/4
89
M-S
J-J
F-A
M-N
101%
45
107
$106%
107%
~6
45
104%
1063/4
104
105%
92
76%
12
105 j/2 105%
1
75%
102%
103%
11
108
$1013/8
.
106%
1043/4
1633/4'
$107%
67
107%
106%
104%
76%
1043/4 106
1043/4
$1043/4
A-O
!—>—1957
1950
1963
>—1970
103%
23
$35
A-O
Jan 1949
106%
$101% 104%
J-J
F-A
J-D
J-D
J-J
series
6s
Feb
23%
20%
Jan
25% May
Jan
3
Mar
Power Co—
ref 5%s series
B
Service 5s
1st lien & ref 5s
Indianapolis P & L 3%s
105
105%
1955
1955
A 7?
series E
:—1957
A7s
(Aug 1941 coupon)—
1957
A 7s
series F_
1952
A7s
(July 1941 coupon)—
1952
A6
%s
series C
(Dec 1
A6%s
-1957
Power 5s
Debenture
6s
Superpowei
Jersey Cent
Pow & Lt
6s
3%s
-1952
l196!i
1965
.
J-J.
J-J
J-J
M-S
1948
F-A
30
3%
Feb
Jan
stamped
Valley RR—
Extended at 4% to
102%
103%
7
102%
104%
108
2
107%
109
Midland
1963
A-O
50%
7
50%
10
$49%
J-J
J-D
M-S
J-J
J-J
A-O
Corp 6s
102%
23
104%
$49%
F-A
Electric Power 3%s„
1966
Kansas Gas & Electric 6s
2022
Kansas Power te Light 3%s
1969
Kentucky Utilities 4s
—1970
Lake Superior Dist Pow 3%S—_ 1966
Kansas
McCord
7
10314
50 %
" J-D
1941 coup)
Interstate
Altallan
,
104%
103 %
108
104%
104
103
104%
48
SInternational Power Sec—
Feb
21%
„10
Range
Bonds
107
J-D
J-D
1978
1950
1950
—-1963
1953
-1958
Jan 1949
May
24%
26
2
21
—10
2249.
Feb
14% May
15
13%
~33/8
page
Jan
Mar
2%
Sugar
2%
11%
Apr
800
B
A-O
J-J
1948
A
Indiana
May
1%
1
A Feb
Feb
50
4%
common
footnotes see
Apr
40
81
11%
9%
Products Co
Utah-Idaho
I
11%
5%
Pictures
4
Jan
May
—
1969
1953
3%s A
& Light 5s
Grand Trunk West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
Grocery Store Prod 6s
Guantanamo & West 6s_—;;
Hygrade Food 6s ser A
18
Feb
13
12%
Power
Georgia Power
Jan
47%
46
Low
j 89
—-1961
stamped
Mar
Apr
2%
I~
Insurance
5s
14%
44
4%
B
Universal
Finland
38
74%
~1%
Universal Cooler class A
Universal
12% May
1,360
2
—
Universal Consolidated Oil
Class
12%
«
Wallpaper, Inc
common
:
-
IIsOc
Reclaiming
Rubber
United
Feb
24%
Jan
1,100
87%
preferred with warrants.
U S Radiator
9%
78%-
77%
78%
25
-j-
4,800
♦
■
U S
'#
Jan
20
275
'
__25o
—
M-S
F-A
M-S
1956
2030
A
—1956
Residential Mtge Bank—
1st &
10
Preferred
Jan
110
Jan
18%
6%
Sharing—.
Machinery
Apr
33/4 Mar
95%
17%
—7
preferred
$0%
Feb
20
——
—
•
United
Jan
8%
200
11%
t.fS3
Profit
5%
200
United Molasses Co
United
Feb
„
"7Tio
participating preferred
Ltd—
Amer dep rets ord regis
United NJ RR & Canal
4
Jan
22%
107% 110
——
32
United Light & Railways--—
United
3%
3%
~20
rr—
1,800
10%
25
25
25
""10c
.
61
61
61
xlO%
1
United Elastic Corp
United Gas Corp common
A-O
F-A
7% May
•
warrants
uorp
& Fuel 4s ser
Electric Power & Light 5s
Elmira Water Lt & RR 5s
7,600
frior preferred
United
5s
3%
•
$5
J-D
J-D
J-J
1954
1958
4%s
73/a
Aircraft, Products
United Chemicals common
United Cigar-Whelan Stores
15
Jan
1109
City)—
10
Union Stk
1971
1969
.-1978
Q
mtge 2%s ser
Consolidated Gas (Bait
1st ref
3%
United
.
7% May
5% Mar
F-A
A-O
A-O
series N
mtge 3s ser P
63/4
•
Union
Feb
12 3A
1106% 107%
M-S
(Bait)—
El Lt & Pr
Gas
_10e
Corp
3
Feb
10% May
102% 103
102%
A-O
——
Eastern Gas
Canada
of
Gas
Union
11
Week's Range
or Friday's
Bid & Asked
J-D
1955
Jan 1966
ref
1st
M-S
,
1950
.1958
1969
;
73%
Manufacturing Co:
Unexcelled
—1927
—1.952,
Conv
3%s
M-S
1954
Cities
Consol
J-J
1948
-
f AChicago Rys 5s ctfs
Cincinnati St Ry 5%s A
6s series B
Gen
1
Last
Sale Frice
J-D
M-N
Q-F
A-O
J-D
1957
;—1960
—..—1998
1962
1970
States Electric 5s
Continental Gas & El
Udyllte Corp
Jan
Apr
~6%
Jan
11,900
4%
Bell
.
u
M-S
J-J
F-A
A-O
F-A
M-S
M-S
1953
1964
T deb 5%s A
Assoc T &
J-J
1948
1949
1^50
1968
1977
4%s
deb
J-J
A-O
1953
Writing
J-J
J-J
M-S
J-J
J-D
1970
2024
Lt deb 6s
Paper 6s
Pow &
A5%s
1
Corp
Trans western Oil Co
Tri-Continental
1,300
6%
6
6
100
64
64
.100
Trans Lux
Trunz
May
32
20% Mar
116
Feb
7%
Jan
6%
preferred
6%
8% Mar
400
Feb
13
10% May
15
Friday
Period
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s—.
Associated Elec 4%s
lAssociated Gas & Elec Co— AConv
deb 4%s
.•
AConv
.
7%.
8% Mar
Jan
Jan
1,400
IO3/4
4
Interest
f debs
I deDS
40
Tonopah Mining of Nevada
"4%
•
f
3% May
24 %
.100
10%
15
6a
Gas & Electric Co.—
debs
American
18 % May
Jan
400
Shipyards Corp
Edison 6% preferred
5%
11%
5
10%
Jan
15% Mar
Jan
800
10%
10
High
Jan
8%
Toledo
13%
Feb
21
15% Mar
Feb
14%
Feb
13%
dep recs def reg_
Amer
Todd
19%
Feb
6
Curb Exchange
York
New
31
rets ord regis
6%
12%
Feb
6%
1%
Product Exports
Tobacco Security Trust Co Ltddep
12
May
36
May
200
3,900
75
15%
6%
12
Feb
14
575
18
17%
18
16
4% May
2,600
1,600
5
5
Apr
11 Va
900
13 y4
13
5
Tobacoo
Amer
15%
6 3%
BONDS
54 % May
53% Mar
25
15
Allied Stocks
&
Tobacco
16%
15%
16%
19
Jan
Jan
117% 118%
& Construction-
Tishman Realty
14%
14%
19 % May
700
5%
19 %
23
Roofing Inc
Tilo
Jan
29
27'A Jan
850
50
100
700
Apr
Mar
30% Apr
150
5% May
118 %
Shovel Co common
Thew
Feb
3% Mar
3%
8
Oil 81 Land Co
Mar
Feb
11%
Jan
%
3y4
—1
Texon
19%
1
Ltd
Wright Hargreaves
3%
•
Textron Inc
35
19
pfd—100
10
2
Petroleum—
(F W) LtdAmerican
deposit receipts
"%
lioo
333/8
Woolworth
3/4 May
6 3%
9
.2,800
10%
Jan
112 %
Jan
•
Wooaley
167/b May
y2
Heating
Cement
Portland
Wolverine
May
129
Jan
35
•
•
1
Co
&
Woodall Industries Inc
3/4 May
Jan
105
"9%
10
23%
135
10%
1
Winnipeg Elec common B
Wisconsin Powei & Light 7%
5% Mar
112
C)
Oil-O-Matic
Inc
Products
Willson
203/4 May
Mar
4%
1,000
5%
Mar
111
111Jan
10
Inc
(R
Williams
23 %
& Jan
•£e ^an'
160
120
118
Feb
Jan
3,800
%
,
•
•
18
pfd__.
5%
Coal &
Williams
May
34
xl09
25
a
Feb
25
Jan
7,800
.
1
& Light 7%
Power
25%
5%
Feb
18 %
%
%
Feb
6%
jan
Va
AConv deb
Texas
30%
Utility $6 preferred.
Texas
Weyenberg Shoe Mfg
Wichita River Oil Corp
21
50
3,500
111% 111%
Portland Cement—
Tampa Electric Co common
Technicolor Inc common
1,800
31
8
1.20
Mills
Knitting
Westmoreland
Jan
33/4
400
4%
143/4 May
17
•
Coke
8
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
•
Westmoreland Coal
20
Jan
l3/4
8% May
Jan
5
800
8
107
Bond claw A—
West
63% May
Jan
273/4
22
19%
20
—"
8
*
•
1
Taggart Corp common—
Feb
100
♦
;
•
preferred
West
Mar
17
12,800
32%
29%
II
1,000
1%
25
20%
4%
1
—50
—20
1
-1
1
;
1,000
134%
133/4
22
*
common
91% May
2%
9114
"l%
32
1
—1
1
trust ctfs—1
*
Oil Corp
13%
Jan
We.ntworth Manufacturing
•23/4 May
4% May
118
$3.30 "A" part
Jan
5%
1%
1
20
-10
—100
1
Inc
(J B) Co common
Btmnes
(Hugo) Corp
Stroock (S) & Co common
Sullivan Machinery
Sun Rav Drue Co
Jan
11% Mar
Mar
Wayne
1%
13%
24
-10
Stetson
Apr
2,900
200
10% May
123/8
10
7%
Jan
31
60%
1
Sterling
Apr
82 %
13%
7%
7%
•
Co
Aircraft
Waitt &
134%
13%
2.78
preferred
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
6%
Jan
31% May
31
——
Jan
Wagner Sakine voting trust ctfs ext—•
May
41%
100
r6
1st
"B"
49 %
100
50
Sterchi Bros. Stores common
Class
Jan
500
—
Swan Finch
53/4 May
Jan
10
& Co common
Superior
Jan
317/a
«
Preferred
6%
4
3
54
W
31
-100
Corp common
convertible preferred
Standard Oil (Ky)
Standard Oil (Ohio)—5% pfd
Standard Power & Light
(A)
Waco
44%
2%
10% Feb
3% Mar
Feb
96
Jan
1,200
1,470
Apr
31
100
-
$1.60
stein
8% Mar
443/8
—28
Standard Dredging
Products Co
3l/4
10%
13%
11
9% Mar
Jan
31%
—23
preferred—
Standard Silver Lead
Standard Tube class B
Starrett (The) Corp voting
Steel Co of Canada
Jan
Jan
73/4
44%
England Telephone- —10
class B
Jan
7%
423%
47
Jan
11
773/4
13%
Class B
—28
Phosphate Co_
Southern Pipe Line—
Southland Rovaltv Co
Spalding (A G) & Bros pfd
Spencer Shoe Corp
Stahl-Meyer Inc
Standard Brewing Co—:
Standard Cap & Seal common
Standard
46%
—28
Southern
Common
5%
463/a
common
Manufacturing
2 3/4
-10
preferred B—
5 %%
preferred series C
Southern Colorado Power class
7% preferred
Convertible
53/4
5%
-28
6%
New
8%
—1
.
preferred
original
Southern
8%
1
Boss
5%-
8
-1
9%
3%
10%
300
8%
3
Jan
1%
92
75
15% May
29
9%
7%
900
53/4
78%
5%
Corp
Venezuelan
15,400
6,400
2,700
1,200
2,900
15%
13 7/a
15%
'
94
93
convertiole preferred.
Petroleum
$4
Apr
113
Feb
110
Vogt
_1
Manufacturing Co
Sonotone
10
3%
Jan
53/4 May
Jan
J
9%
3%
Jan
May
•
_
Aircraft Co
Solar
4%
100
53%
.Jtl
_1
Solar
5%
5%
Mills
Paper
6%
308
*
Singer
Smith
Apr
267% Mar
60
308
300
308
9%
1
10c
1
,
stock
$5.50 priority
75%
•
preferred
Redio Products
Utah
Utility Equities common
65 %
2,700
4,600
Mar
36
Jan
Light $7
Utah Power &
21 % Feb
20% Apr
16
Jan
Jan
Apr
High
78
Mar
Low
75%
10%
3%
73
1
Range Since January
High
Low
Par
High
Low
20 %
20%
1
1
Canada
1
Range Since January
High
LOW
Par
Sherwin-Williams of
Slck's Breweries Ltd
York Curb Exchange
New
of Prices
Last
Exchange
York Curb
New
Sales
Week's
50
50
993/4
99% 100
87
86
87
56%
56%
107
104%
10614 107
,104% 104%
55
—
54
52
31
—
283/4
37
52
55
30
53%
37
55
54
4
31
82
97
100%
4
71
89%
1
37
74
106
1
104
61
107%
105
116% 118
116%
120
118
111% 111%
1
110
111%
111%
1063/4 1063/4
4
105 7/s
1073/4
$106% 108
103
76
103
76%
17
—
106% 106%
5
102
104%
7
64
76%
Volume
161
Number 4387
THE
COMMERCIALS, FINANCIAL
CHRONICLE
2249
NEW YORK CURB
RANGE
BONDS
New
York
Curb
Friday
Exchange
Interest
1st
&
ref
1967
series
M-S
1978
Friday's
Bonds
1955
4Vis
Bid & Asked
108'A
J-D
2022
Low
J-J
"
108 Va
4
1
-■
*105% 107
*107% 108'A
■
M-S
1948
Low
103% 103%
J-D
A—
Conv
deb
New England
Power Assn 5s
90%
91%
31
90%
88'A
92
95
88
108
1
107%
101'A
M-N
Oklahoma Power
Pacific
Power
&
&
M-N
J-J
&
F-A
1955
F-A
1964'
Portland Gas & Coke
Co—«
5s
stamped extended
Power Corp
(Can) 4'As B
M-N
J-D
1950
110%
1964
106
J-D
M-N
.—1952
M-S
Scullin Steel lnc
mtge 3s
.1951
J-D
.—1951
Counties
1st mtge 3s
Southern Indiana
Coal
6s
Gas
Spalding
(A
Standard
6s
G)
4s
Gas
5s—
St
gold
AStarxett Corp
J-J
3
100
York
Curb
92
Mortgage
Valley 7s__
5s
105
7s_
106'/a
102% 103
103
103
45
6s
Plan
F-A
1957
AParana
107
of
2 03 '/a
(State)
103'/a
14
96'A
96%
A-O
71
96%
103%
Russian
104'A
103'A
96%
57
59
„r
70
71
8
J-J
1946
*40
58
*40
A-O
47%
45
101
105('A|
100'/e
~6
105
99'/a
101'/2
30'A
to
J-J
r
1;
,
Range Since
January I
Sold
No.
'Low
30'A
16
94'A
11
93
*32
Government
19
39
42'A
45
J-J
2012
J-J
-1919
J-D
48'A
22
75
46%
2z
86
38%
86
46%
46 %
45*
46'/a
22
46%;
M-S
1959
'
prices;
being traded flat.
iReported in receivership.
no
ABonds
sales
d
45'/e
46'A
*37
"37%
39
8'/a
9%
9%
37
5'A
22
5'A
21%
565
8%
157
Ex-Interest,
e
7&'A5
36'A
8'/a
8%
J-J
Deferred delivery sale,
sale,
x Ex-dlvidend.
jFriday's bid and asked
T
T.V54
46'A
A
2%
.
20 Va
35
86
M-S
—1921
a
37
*48
*17'/a
A
6V2S
90%
M
16'A
38%
*48
J-D
J-D
2008
•:
32
76
80
19
*35
A-O
1931
—;
Plan
to
65'A
28'A
35
19
M-N
1958
Plan
High
63
Odd-lot sale,
n
Under-the-rule
&
tale,
being transacted
during current week.
}
"f
Abbreviations used
above—"cod," certificates of
tlve; "conv," convertible;
deposit; "cons,"
"M," mortgage; "n-v,"
consolidated; "cum," cumula*
i" when Issued; "ww," with
non-voting stock; "v t c,"
voting trust
warrants; "x w,"
45
"w
certlflcateef
without warrants.
;
OTHER STOCK
EXCHANGES
IT
!
-7*T'
RANGE FOR WEEK
ENDING MAY 18
Baltimore Stock
Exchange
Friday
Week's
Last
STOCKS
Shares
Sale Price
Par
Arundel Corporation
Low
High
Low
20 Va
20'A
475
16
Calumet
Cities
Consol
Gas
E
6
c
L
.100
&
Pov
38
Fidelity & Deposit Co
Fidelity & Guar Fire
Vernon-Woodbury
Mills
20'A Mar
Eastern
Preferred
New Amsterdam
Penna
U S
Water &
100
Power
6 %
29%
8
99'/a
28
28'/a
70
50
39'/a
40'/a
series
Interstate
1973
A
Co
40'/a
77%
1951
85'A
86
100'/a lOO'/a
Feb
preferred
Jan
55
May
4%
Jan
6
Va May
Jan
30
Apr
100
3'A
39
Jan
87'/a
254
26
15
Feb
8'/a Mar
Apr
28'/a May
Jan
38
National
70
Mar
40%
May
Apr
General
$56,500
IOV2
5,050
76
2,000
100'A
Apr
Apr
Apr
Exchange
Week's
Last
STOCKS—
Range
Sale Price
Par
American Sugar
Refining
American Tel & Tel
American Woolen
Anaconda Copper
100
•
of
Low
lOo
166%
10y2
Boston
Herald
6%
50
pfd—100
100
Ry
Traveler
25
400
Corp
129
5%
class
A 1st
pfd
10% class D 1st
pfd
Boston Personal
40%
75%
75
76
_•
Boston
Prop
&
For
Providence
footnotes
—100
stamped—100
stamped
Trust
RR
100
83
82'/a
Range Since January I
27
84
Low
111
2,548
46% Mar
156%
40
777
15
178
2,980
245
380
117
14'/a
14%
18'4
115
18
19
445
15%
15%
54%
30
53%
54'/a
1,254
*
loo
129
40
26'A
& Maine
RR—
prior preferred
34%
149'A 149'/2
128
Shares
9'/a
29
Jan
High
55%
Jan
Jan
166% May
12'/a Jan
Jan
34% Mar
130
Feb
149'/a
115%
Jan
130'/a May
41
Apr
37
Jan
May
69'/a
Jan
77
23'/a
Jan
27% Mar
Mar
60'A
Jan
90
Apr
10'A
Jan
16%
Apr
19
Apr
Apr
13 '/a
Jan
16 y4
Mar
41
Feb
14
57%
Feb
Tunnel
&
page 2256.
Feb
Jan
87
Mar
14%
Jan
21% Mar
May
12%
150
12 '/4
33%
34%
240
31%
Jan
23'A
391
16
Jan
47%
49 %
370
42%
Jan
14
Jarf
36
Apr
24'A May?
95c
97c
lo3
37% Feb
13% Mar
44'% Ma#?
17
Jarf
uj
:;
200
2%
75c
Apr
I'/b
Jan
2 Va
1,090
l7/8
35 '/a
Jan
17
Feb
38'A
446
18
18'A
65
10%
.
10%
115
56%
57'A
110
1%
1%
100
68%
56%
1
68%
13
—
14%
5%
41'/a
1
64%
Jan
1
Jan
Apr
1
Jan
40 '/a
Apr
18 Va
May
10% May
59 VA May?
Jan
l'/a Mar
Apr
70'A Mar
15'A May
22% May
15'A
1,465
7%
Jan
21%
919
15%
32c
1
——*
14%
20%
5
Jan
35c
1%
1%
-
1,776
100
25c
1%
Jan
Jan
V
49c
\
Feb
2%.Mkr
Assn—
•
1.
*
44
—
100
(N H)
ll7'/2
100
:
RR
62c
125
55
500
6,665
138
41/4
47/8
2,249
297
42
109%
30c
115
30c
Jan
Jan
Jan
Mar
Jan
47%
46%
50
47%
38%
37%
39
2%
2'/b
2%
1,007
2%
2'%
600
12%
13%
526
10%
Jan
25
preferred—
125
45
117%
-*
<-.r
Quincy Mining Co
116
56c
—
*00
Inc
t-<.J
■
2.50
Mills
1,265
.
Inc
'iiV
1-
51'/8;May
i'
15%
18
1
Mining
100
1,394
50 y8
119
72c
125
5
r!
Feb
May
May.
38'/b Mar
47%
33'/a
Jan
Mayf
39 Va
May
1%
Jan
3%
l'A
Jan
2'%
Feb!
Feb
14
Feb
X
*
40
39%
40
352
■
Feb
Mar
*
13'A
Co
109
71
70
44
—*
Colony RR
Torrington
Jan
20
2%
.
see
101'A
May1.
Apr
4% M&r
17%
15y8
100
Mines
New England Tel &
Tel
Stone.& Webster
100
Feb
86%
37%
Linotype
7%
59%
Apr
97c
;—100
England Gas & Elec
5%% preferred
Rutland RR
Jan
3%
15%
25
common
National
Pacific
91%
47%
100
21%
*
New
Pennsylvania
Feb
125
3%
41%
Cos
Northern RR
47%
*
Theatres—
Service
Old
78%
57'A
104
22%
*
B
Associates vtc
Butte
75
17%
15
National
North
'Feb
89%
57
33%
—*
class
Narragansett Rac'g Assn
Nash-Kelvinator
for Week
Jan
9
*
Central RR
preferred
Util
Mergenthaler
Sales
High
40%
Boston
1%
Prices
47%
48%
164% 166%
10%
10'/a
34'%
Bigelow-Sanford Carpet
Boston &
Albany RR
Boston
Edison
Boston Elevated
Mass
16%
High'
Apr
101
12%
Copper
Boston
6Ve
86%
1
Roy ale Copper
Loew's
265
20%
104
17'%
•
Stores
Bakeries
V
"
:
Gillette Safety Razor
Co
5%
Friday
common
Electric
Kennecott
6%
3%
100
85'A May
86
May
lOO'/a May
57'A
104
100
-
Employers Group Assoc—
Engineers Public Service
First
'■ i
Low
89%
10G
adjustment
Eastern SS Lines Inc
'
Range Since January. I,
19%
100
A
lOO'/a
Mar
63'/a
700
common.
Mar
1st
•
Shares
High
6%
100
100
pfd series
preferred B
164
Jan
46
6%
for Week
Associates—
Ry
6%
6%
Maine
Boston Stock
Fuel
May
Isle
82
1975
5s
&
6% preferred
Eastern Mass Street
Hathaway
Baltimore Transit Co 4s
5s
May
77
28'/a
70
Bonds—
155
5
prior preferred
10
30
8
*
Fidelity & Guar
38
Jan
Jan
627
Va
99'/a 100
2
common
30
8
100
Casualty
125
6
6'A May
Feb
8
50
55
30
Apr
69
400
156
6'A
25
Gas
Low
10
5%
10
54
55
—1
20
10
:—
High
Jan
2.75
735
77
9%
156
10
com
7,811
Hecla
Service
4'/a %
38
77
10
20
Corp
Guilford Realty Co
common
Houston Oil of Texas
6% pfd vtc
6'A
31'A
m
"Hi
Mt
3.55
&
Sales
.
of Prices
Par
Range Since January I
>
20%
t
v
Range
Sale Price
*
Preferred
Week's
Last
.
for Week
of Prices
Friday
STOCKS—
Sales
Range
,'j
Jl.»t
.
*46%
J-D
1972
2'/aS—
to
reduced
Cash
48
27
1
■
;
Bonds
Low
*87
M-S
—1947
7s
•No par value,
r
71
Friday's
30'A
*90
M-N
.—1947
A5 VaS
I*-
1940
1
__
*66
104Vb
96%
A
or
F-A
1951
104'A
27
103'A
104
,
109'A
M-N
1927)
pursuant
Interest
'/a
104'A
103%
103
119
*66
2008
1927)
Interest reduced
ARio de Janeiro
104
103'/4 103%
103
F-A
A7-4s 2nd
stamped
96%
53
117%
Bogota—
Stamped pursuant to
103
103
103%
Stinnes
(Hugo) Corp—
A 7-4s 3d
stamped
A
Certificates of deposit
Btinnes (Hugo)
Industries—
84
1,10,-,-;
5
,65
108
Bid & Asked
A
AMortgage Bank of Chile 6s_,
Mortgage Bank of Denmark 5s
107%
100
103
F-A
J-D
—1950
inc 5s
103
105%
J-D
—1958
to
7s "Slumped
Stamped
103%
53'A
~5
Week's Range
Last
M-N
1953
«
.•
(issue of May
A7s (issue of Oct.
100'/a
104%
4107'A 109
103
A-O
1951
Friday
Sale Price
J-J
Waterways—
A7s
105%
89'A
—
105
Municipalities
A-O
1948
._
&
Mortgage Bank
109%
80
&
of)
Diterest reduced to. 2Ves
107'A
108
106'/a
104
*100»/4
High
——1955
Stamped pursuant
105
105%
Bank
5'%s_
AMaranho
100
105
98'A 100'/a
*107%
A-O
1966
1
104
Interest
AExternal 6'As
stamped
1952
ALima City
(Peru) 6'As stamped_1958
109
96
27
60'/a
110'/a
107
117% 117%
J-D
1947
Extended
127
1
n&Vp
58%
J-D
Exchange
(see
ACauca
Danish
107
106'A
—
}105
M-S
1957
Light
1937
112%'
115%
107
J-D
-1947
111'A
5
*109
F-A
stpd
6V2s
Dec
&
106'/a
126
—-
105% 106'%
99
M-N
May 1948
May 1948
debentures
Power
Bogota
158'A
104%
Electric—
stamped
Debenture 6s
Debenture 6s__
6s
103
*108 'A 109'/a
F-A
1989
6s
Standard
105%
F-A
2022
-I960
-1959
Agricultural Mortgage Bank
(Col)—
A
20-year
7s
April 1940
A
20-year 7s
Jan
109
90
100
A-0
1970
...
106
11
108
*105
1951
5s
102 il
BONDS
New
106'/a
151
127
100
(Calif)—
(stamped)
Conv
108
M-S
Southwestern Gas & Elec 3
y*s
Southwestern P & L Ss—
Co
24
'
102'A
101'A
106%
107, >
106,'A
5
'
7
60'/a
JrD
A-O
Foreign Governments
109
*92
J-J
.1970
5s
5s
110%
101'A
5
103
103
101'A 101'/a
AMeaelim
—1947
3'As
106
*126
A-O
1971
Rys
106%
*
—1965
Gas
Rys
AStamped
Danzig Port
J-D
California
M-S
-1964
-2030
Newspaper Union—
s f
debentures
109
106%
155'/a 155'/a
111
115% 115%
M-N
109'/a
109
12
108'/a
110
70
108%
5
106
2
102iS 102}g
conv
1A Yortt
107
108
106% 106%
105% 106
105%
A-O
Wyoming
Western
108
106'/a
22
~9
105 1
63
106%
105% 106'A
J-D
1949
1952
Sheridan
103 Va
21
1101 »/2 101%
M-S
-
.2022
5s
Traction
103
Period
1979
Southern
Southern
109
108
109% 110'A
107% 108'A
J- J
1959
A
109%
106
Penn
A-O
-1954
105'A 107%
101% 102 y4
1108
M- S
Harbor Water 4'/as
Safe
Wash
4
6
121
111'A 111'A
Hotel—
income debs
Water Power 3%s
A5s
96%
High
107'A
F-A
West Penn Electric
92%
1107
J-J
F-A
1962
certificates
A-O
Low
103'A
116%
11
122%
107
108'/a
110% 110%
.
A
105
107%
108'/a
Range Since
January 1
Sold
No.
103 'A 103%
—
-1959
.
Bonds
Low
*122
J-D
Co—
103
80
*107
5 %s
Friday's
Bid & Asked
103'A
J-J
-1949
4s
Power
i
Rys (Delaware)
series
6s
107'A 108
J
&
109%
3
104'A 104'A
*71
107,%
N
M-N
.1968
cons
&
102%
14
105'A 106
104'A
M-N
1970
Public Service Co
of Colorado—
1st mtge
3'As
Sinking fund deb 4s
Public Service of New
Jersey—
6%
perpetual
96%
101% 101%
J-J
-1972
:
105'A
101%
Electric
Light
or
J-J
SMjS.
107
108'/4 109
*106'A 107'A
A-O
F-A
—1977
Philadelphia Elec Power
5'As
Philadelphia Rapid Transit 6s
96
109
A
Week's Range
Last
Sale Price
High
1950
Utah Power &
Light CoDebenture 6s series A^
1
Power 3'As_1964
3'As
95%
95%
95%
West
96
A-O
Light 5s
101%
—
Friday
Interest
Waldorf-Astoria
32
*103'% 104%
__
1971
5s
104%
.88
$106% 109%
J-J
1979
Pennsylvania Water
series
104
74
102% 103%
104%
1962
5s
5'As
102%
1948
Lexington 1st mtge 3s
Penn Central Lt
& Pwr 4'/as
1st
108
A-O
1968
Water 5s
Light
Park
108
Gas
mtge 3'As
mtge 3s
Public Service 4s
91%
Exchange
-1952
103%
90 Va
Curb
United Lt k
5%s -1952
United Light &
Railways <Malne)
6s
108
38
90%
&
Edison
United
United
HO'A
91
1954
Elec &
Power 1st
Ohio
109'A
91
3%a
1964
Y &
Westchester Ltg 4s
2004
North Continental
Utility Corp—
AS'/hs series A
(8% redeemed)-1948
1st
115%
M-N
N
Ohio
108
series
1st lien
——
M-S
;_1948
Debenture 5VaS
N Y State
6s
1950
1961
3y4s
Power
Toledo
J-D
Power
Texas
106
114
*109'A 109%
York
Period
107
106
1947
5s
England
New
108%
101%
104'%
'
*115% 119
—
•
New
*
BONDS
High
106
New
Amsterdam Gas 5s
New Eng Gas & El
Assn 5s
EXCHANGE
ENDING MAY 18
Range Since
January 1
Sold
No.
108
J-D
—1981
.
6s
Sale Price
or
High
5s_
Nebraska Power
Last
Period
Milwaukee Gas Light 4yaS
Minnesota P & L 4%s
FOR WEEK
Week's Range
36'% Mar
40
■
May
*.
•
THE COMMERCIAL &
2250
Monday, May 21, 1945
FINANCIAL CHRONICLE
OTHER STQCK EXCHANGES
RANGE FOR
WEEK ENDING MAY 18
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
Week's
Last
Low
Par
5
5
United Fruit Co
*
United Shoe Mach common..
25
6% preferred
25
U 8 Rubber
10
U S Smelting Ref & Min common—50
*
Twist Drill
Union
United
Waldorf
Co
D)
Electric Corp__
W.estinghouse
32%
1870
Jan
30
35
Jan
21% May
101% May
102
15%
769
90
78%
1,100
74%
Apr
46%
47'A
38
45%
Feb
59 Ve
59 Ve
10
51% Jan
67%
67%
160
67% May
14%
15 %
183
40
41
41
33%
80 Va May
Apr
50
McCord Radiator
«$2%
67% May
16% Mar
13%
Jan
36
Jan
42
Apr
38
May
Midland
72%
$500
74
7.4
Jan
:
—
77%
Corp
Co—
United
Util'6%
&
Hart
prior
;
Inc
Modine
Mfg
Chemical
Shares
Products Corp common—
Allied
preferred
Allis Chalmers Mfg Co
American Public Service pfd
American Tel & Tel Co capital
A
Class
*
& Co common
Armour
Athey Truss Wheel capital
Automatic Washer common
1
3
3
Bastian-Blessing Co common
Co
common—
Belden
Mfg
Bendix
Aviation Corp common
L)
(E
Co
Burd Piston Ring common
Brothers
Butler
1
111 Secur Corp common
Convertible preferred
Cent
*
50c
*
*
Central S W Util common
preferred
lien
Prior
Preferred
Cherry Burrell Corp
1
t
c
c
for 5%
Corp
Chrysler
Co
Service
Cities
Aluminum
Club
Co
Co
Crane
1%
& Co
Deere
Diamond
Dixie
T
cum
Cup Co
50
29
Feb
38 Va May
50
30
Feb
47%
100
39 !A
Jan
49% May
common
124
Jan
135
158%
Jan
165% May
8%
3,150
50
17
14,700
1%
Jan
750
7%
Jan
9%
600
3
Jan
6% May
7%
12,000
5%
Jan
7'% May
Apr
19%
Jan
32% May
Sinclair Oil
16%
Jan
20 %
Apr
South
51
500
48 V4
Jan
55
Feb
Spiegel
10% Mar
13
Feb
St Louis Nat
1,100
100
General Amer Transp
Preferred
Motors
Corp
Heileman
'
common
Motor
200
22
Jan
100
99%
Jan
%
Jan
2Va
1,100
200
17%
4
Central
120% 121
125 Va 127
30
20
100
70
19% May
Mar
28
108% Mar
2%
Apr
Jan
4V8 May
Jan
131
Jan
82%
Jan
130
May
16
Jan
20
120
8%
Standard
Works
Lathe
Inc
common
'Indianapolis Power & Light com
Indiana Steel Products common—
Interstate Power $6 pfd
Oil
Corp
Fur
Corp
8%
11,550
7%
Jan
60%
350
53 %
Jan
Co common
Co common
Switchboard common
Va
Apr
9%
Feb
Carbide
Union
United
common
Ken-Rad
Tube & Lamp common
Transp
cap
,
United Light. & Rys w i
United
Specialties
6%
LaSalle Ext Univ common
Leath
&
Co
Cumulative
;
preferred
Llbby McNeill & Libby common
Printing
Material Co
Lincoln
Line
Co.
common-
common
For footnotes see page
39 %
,;17%
—
—.1
common-,
common
?.67%
>
9%
•
1
S
Steel
Walgreen
35
Jan
38
25%
Jan
38%
Apr
66
100
54%
Jan
69 %
Apr
Co
Wieboldt
Williams
May
Inc
Bankshares
Wisconsin
200
93 %
Jail
115% May
700
16%
Jan
Jan
21% May
4% May
28%
Jan
Apr
16
Feb
35
23 %
Jan
43
Jan
57%
33%
Jan
48
4%
Jan
5Vs
20%
15
14'%
33%
20
91%
37 %
40%
17%
12
65%
9%
91%
39Va
17 Va
13
Jan
18% Mar
42
Feb
20 Va May
American
Feb
11%
Anaconda
~6%
8% Mar
107
Mar
21%
Feb
33%
Jan
39
May
69%
Jan
85
May
Jan
6% Mar
Apr
83 % May
Apr
5
76%
46%
Jan
Jan
5%
Apr
18 V4 May
22%
Feb
23 %
26% Mar
33
4%
500
150
Jan
18%
350
200
Jan
Mar
100
25% May
110
May
450
5%
Jan
6%
Feb
350
14%
Apr
15%
Apr
15
700
400
Jan
26
Apr
17
May
26'A
Apr
35
Feb
20%
Jan
23
Feb
3%
Jan
5% Mar
23%
1,600
380
50
.
17% Mar
Mar
12% Mar
Jan
38 % May
22%
800
950
50
100
,200
750
1,750
600
460
6
Mar
21%
Apr
Feb
4 Va
16
Mar
13
Jan
15
Feb
14
Apr
16%
Feb
31
Apr
34%
17
Jan
21
Feb
Mar
36% Jan
41% Mar
79
Jan
93Fe May
23%
300
300
Jan
39% May
14% Mar
18
Apr
12
May
13
May
58%
800
900
Jan
69
May
7%
67%
10
3,700
Jan
10% Mar
34%
300
31% Mar
34% May
2,600
33% May
37% May
14%
20
37%
19% ■
1,250
300
6%
2,600
13%
900
10
10%
2,150
600
39%
7%
39%
Jan
11%
Apr
8% Mar
Jan
6
13
6%
Feb
May
Jan
14
Jan
12 % May
Jan
common
34%
33%
19%
>
Jan
98
150
350
15
16%
167/e
35
22 Va
4%
May
25% May
31% May
7%
common
37%
?
*
*
-—*
2
com
Oil-O-Matic
34%
*
_12 %
common
Stores
20 Ve
9%
12%
8,500
42%
42%
10
20 Ve
20 Ve
50
11%
11%
250
33%
33%
36
.17%
10
33% May
common
<
capital—,—5
Machine
Yates-American
-n>
*
Radiator & St San com
•
14%
14%
15
__50
Topeka & Santa Fe Ry com—100
34%
34%
34%
Corp
common
*/
Copper Mining
100
26
Jan
40
104
Jan
45
45
100
40% Mar
46% May
Curtlss-Wrlght
25
25%
300
17
Jan
26% May
General
25
25%
1,500
19
Jan
25 % May
17%
18
600
15
Jan
18%
650
4
Apr
4%
4%
Apr
Feb
5% Mar
Atch
Martin
16%
13% Mar
16%
39
200
35%
Jan
40%
Feb
14
14
100
11
Feb
14
13%
Jan
18%
Feb
34%
Feb
37
May
18%
18%
50
29
29%
250
27% May
53%
53%
100
49%
Feb
56
Mar
17
18
500
16%
Feb
18
Apr
8
8
100
6%
Apr
8% May
9%
9%
250
8%
Jan
Jan
9%
Jan
Jan
Feb
42
Mar
"6
Electric
Co
Corp
Iron
43%
—
5%
6
43%
42
Jan
15% May
Jan
34% May
Jan
95%
Apr
300
67%
Jan
81'A
Apr
1,100
76%
11%
29%
76%
76%
•
common
600
1,100
5%
Jan
6%
800
38
200
25%
25%
400
23%
Jan
27
20%
3,000
15%
26
25%
1,600
22
Jan
Jan
22% May
*
21%
26%
1
31%
29%
31%
1,500
28
Jan
31% May
19%
19%
19%
900
12%
12
12%
1,900
23%
22%
23%
1,000
9%
..1
-5
Corp
York Central RR capital
Paramount Pictures Inc
Incorporated
Co
Jan
May
10% Mar
20%
common-,
(Glen L) Co common-
Pure Oil
44
Jan
Mar
9
10
Apr
38
Corp
Nash-Kelvlnator
New
6,6^5
15
Steel
Bethlehem
Interlake
200
10%
8% Mar
7%
Stocks-
106% 107
108%
7%'
'
Radio
Unlisted
% May
Jan
Industries
Woodall
Zenith
_—:
(The) common
Feb
27%
Jan
53%
17
Jan
21
10 %
Jan
12%
48%
Apr
Apr
Mar
Feb
9% May
69
700
62
Jan
15%
200
10%
Jan
100
13% Mar
16%
12%
100
9
Jan
13%
Feb
18
17%
18
1,050
16
Jan
19 % Mar
21
20%
21
1,850
18%
Feb
21%
„
11% 12
15%
15
15%
300
250
12
11%
12
19%
Jan
24
Mar
29%
Jan
32%
Apr
63
400
27
28%
550
,_10
Jan
65 Ve May
18%
Jan
29% May
58 Va
62%
,_25
1
Studebaker Corp common
U S Rubber Co common
Jan
12%
Republic Steel Corp common
Standard Brands common
Standard Oil of N J_
May
56%
60
Apr
15% May
15%
of America common—
Radio Corp
70% May
15%
15%
X68 Ve
.
56%
22%
56
22%
56%
22%
200
440
100
5
5
5
500
.10
100
*
1
♦
—'
10%
33%
23%
10%
34%
23%
200
—
23%
__
„
—
A—*
—
8%
__
47
—5
*
common
Feb
Jan
19
27% Mar
320
26
37%
37
5Va
—
Utah Radio Products common
150
5,300
100
*
preferred
Kimberly-Clark common
Anr
44
17%
200
150
83%
33 %
5%
19%
60% May
400
31 Ve
50
Kentucky Util jr com pref
14%
33%
19%
;40.%
20%
14%
14 %
33%
19%
40
371%
__
„
*
5
Carbon cap.
&
L
Air
38
30%
1
•
Drug
4%
—1
5
—10
common—
5
Swift & Co capital
25
Trane Co (The) common
25
208 South La Salle Street Corp com—*
37%
30%
1
Mfg
Joy
Kellogg
'
25
capital
Sterling Brewers Inc commonStorkline
16%
33
22 Va
16%
'
20
Indiana
of
14%
16%
x25%
16%
—1
—
8
33
8
33
300
200
250
150
Cincinnati Stock Exchange
4 Friday
i" Last
$ale Price
Feb
11% Apr
13 Va Apr
13% Mar
17%
Feb
10 Va
Jan
15%
Apr
48
Jan
57 % Mar
American
17
Jan
23
American
Jan
'5%
3%
May
STOCKS—
Machine
Products prior pfd—
Laundry
11% Mar
Jan
37
Apr
Xl9%
Jan
25%
Jan
•
7
1
5
5%
__
45
8%
16
29
8%
8%
33
55
110
45
53/3
29
8%
9
34
55
110
47
51y2
100
1,200
300
800
100
20
2,000
1,350
12 %
Jan
35
Apr
20 Va
Jan
6%
Jan
8%
7V8
Jan
9% Mar
29
May
Feb
28% Mar
34%
Apr
52%
55
Cincinnati Gas & Electric
C
pfd—
-100
r
108%
N O & T P
50
10
108% 108%
74
107%
Jan
30
108
Jan
Post
Term
pfd
30
127%
Tobacco
Cincinnati
Union
Cincinnati
Crosley
Warehouse-.
Stock Yards.
Jan
110
Apr
38%
Jan
47
May
Dow
Jan
*750
7%
Jan
13
May
Jan
14
82%
83
168
78%
Jan
83
Mar
25
28
117
20
Mar
28
May
12
12
20
12
May
16
Jan
35%
36 Ve
90
28% Mar
39
Feb
8%
20
8% May
11
Feb
9%
9%
25
7
16%
16%
145
36
•
—
45
45
45
Apr
Jan
8%
100
2,800
37%
8%
7%
Jan
9%
7ya
15%
71/3
50
6V8
Jan
7% Mar
8%
Gibson
18%
Art
*
■
16
—
6%
*
May
Hobart
2256,
I
class
A
9% May
Jan
17
May
28
5
26%
Apr
33%
18%
18%
2
18 %
Apr
20
May
40
Jan
46
Apr
43%
43
%
Apr
Hatfield
13%
Apr
Feb
28
(
*
13% Mar
16%
10
"A"
Mar
8%
-
Tissue
Fyr-Fyter
95
1
341
*
Insulation
Feb
Feb
113% May
'127% May
12
Drug
Formica
109
Jan
95
*
6
12%
Feb
11%
25
Corp
Eagle-Picher
Apr
Mar
5
95
*
107%
4% Mar"
Crystal
Jan
.
12
50
*
95
Jan
95
—100
50
Cincinnati Street
-v
36%
Jan
12%
127% 127%
Preferred
Cincinnati
High
Low
105
5
5
Apr
Feb
13
300
35%
32%
30
5
12
•
12 Ve
16
' 5
\
'
8% Mar
Range Since January 1
High
V
Feb
6%
Shares
113% 113%
7
Jan
Jan
for Week
35%
20
Churngold
7%
Range
'
*
20
Sales
Week'*
of Prices
Low
%
Par
Cincinnati Telephone
Katz
41
Feb
12% May
100
900
20%
38%
85
26
26
24
24%
106% 110
6%
6%
—
•«
pref
—
Stewart-Warner
111% 111%
18
19
24
2
Stockyards capital
Westinghouse Elec Corp new
29%
5%
11Q
•
5
cap—
common—.
Dredge
Standard
37%
16'A
38
15% May
31% May
Jan
38%
17 Vt May
59%
1
capital
RR
Apr
May
U Jan
14
6,200
3%
*
'Hupp Motors common
Illinois
8
1
8
25
& Dk com
Illinois Brick Co
Jan
27
3%
33
19%
50c
——
Corp.
Bend
66
—
Brew Co G cap
Werner
13%
400
•
Parts
Hibb Spencer Bartlett common
Houdaille-Hershey class B_
Hein
37%
Jan
Feb
7%
Apr
10
Razor common
Goldblatt Bros Inc common.
Gossard Co (H W) common
Safety
Harnischfeger Corp
Jan
6V4
800
19%
5%
32%
•
common
General Outdoor Adv common
Great Lakes Dr
Apr
23% Mar
50
4%
—5
5
1
10
10
*
*
com
class A—
General Finance Corp common
Gillette
Feb
100
8
4%
1%
General Candy
General
18%
400
6%
35%
33 %
Electric Co common
*
Cummins capital——1
& Co capital
—*
Serrick Corp class B common
1
Signode Steel Strap Co—
Common (new)
—*
26
12 Va
80
—
Roebuck
Sears
16
21%
Apr
15% Mar
350
21,600
340
5
„
.10
—5
—.
pfd
6%
Co
85
5
1
Schwitzer
100
21%
100
Sangamo
750
2Vs
—10
(Peter) Brewing common
20%
38
*
common
(new)
200
17
18
53%
62%
13% Mar
800
160
25
67/e
8
104% 106
10
common
Pullman
Dredge
Fox
Feb
Common
17%
27
*
Co
common
Four-Wheel Drive Auto
Packing
20%
Simons
Fitz
Rath
32%
104% 106
45
25%
35
47
X46
8
105
Bundstrand Machine Tool common
33%
12%
Feb
Jan
36 Va
600
1,150
Jan
5%
18%
12
24%
52%
25
50
capital
Co
Raytheon Mfg
Jan
3% May
3%
19%
15
National Watch Co
& Connell Dock &
Elgin
8%
21%
Quaker Oats
37%
5
Util Corp
Jan
Mar
6%
17
8%
—
Electric Household
RR
Peoples Gas Lt .& Coke capital
Potter
Co
(The) common—,
U
*
1
A
Feb
110
7%
8%
.
3%
48 %
38 % May
20%
4%
—*
—2
*
Car common
Dodge Mfg Corp common
Domestic Industries Inc class
38%
38%
35
pfd—100
common
Motor
35
—
10
5
100
com—
Switch class A—
Elec
Common
__
1
common
Cudahy Packing Co
400
11%
60
SO
*
—*
25
vtc partic pfd—
part shares vtc A—
part shares vtc B
Common
8%May
9%
25
com
Co
Common
Penn
Pennsylvania
50%
5
Commonwealth Edison common
Consolidated Biscuit common
Consumers
Feb
Jan
10
—•
common
Uten
10 Va
11'/a
(The)
Co
preferred
31%
*
100
preferred
common
Jan
20
*
for common
V t
V
7 Vt
Pen
6%
X19%
4
*
preferred
Chicago Flexible Shaft common
Chicago & North Western Ry-—
200
Jan
6%
5
common
common
Chicago Corp
Convertible
-
*
Peabody Coal Co class B com
15 % May
5%
27
104%
2%
•
$6 pfd
Pub Serv
Illinois
Central
Parker
18 %
Jan
2%
35%
8
19'A
10
(A M) common
Castle & Co
27% May
Jan
6%
1
5
1
—10
common
12%
34 Va
,
*
100
common
common-
Apr
200
*
100
300
—*
preferred
10 V4
7%
12 Va
21%
5
Common
Bruce
Inc
15%
7%
20%
3%
59%
1
common
25 %
17
32%
1
Berghoff Brewing Corp
Bliss & LaUghlin Inc common
Brown Fence & Wire—
Corp
Bancorp
17%
5
*
10
5
class A common
Barlow & Seelig
3%
59%
2% Mar
100
100
200
10
129%
7%
Feb
20
200
165% 165%
3%
8
40
•
com
3,300
47%
4
Jan
18 Va
Car
14%
128
8
33
100
16%
38%
.128
200
43
27%
8%
8%
37%
69 Va May
38%
,
37%
43
18%
7%
Feb
37%
50
Airlines
Feb
4%
Jan
Feb
'
9
2%
14
40
69%
9
1
(Delaware)
Jan
Feb
11%
Jan
15
Util
Apr
11%
12
31 %
West
38%
8 Va May
300
25
Northwest
Jan
8% May
4,600
4
14%
Nor
60%
100
28%
13%
40
Illinois
Jan
13Va
40
Northwest
15% May
13%
31
13%
13%
Equipment Corp common
Asbestos Mfg Co common-—
Aviation Corp
High
Low
Jan
*
16%
10
—25
*
—100
100
5
Aro
1
Range Since January
14%
10%
50
*
American
May
Apr
Co—
Cylinder Gas common
.Northern
46
8%
450
100
8%
3%
4
common
27%
common
8%
2
North
High
24% May
108 % May
10
69%
*
Acme Steel Co common new—^——25
Adams (J D) Mfg common.
*
Admiral Corp common
1
Advanced Aluminum Castings
5
Aetna Ball Bearing common—.—
*
Laboratories
Abbott
37
stock——10
Noblitt-Sparks Ind Inc capital
5
for Week
Low
36 %
8%
8%
__
National Standard Capital
Sales
of Prices
Sale Price
Jan
Apr
Chicago Stock Exchange
par
37
—
vtc
common
preferred
National Pressure Cooker common
STOCKS—
18%
150
3,400
10%
15%
Feb
Jan
108% May
41% Jan
490
3,700
30
100
10%
15%
High
40
34%
,
prior lien
National
Range
38
38 Va
22
24%
108% 108 Va
46
46
10%
15%
•
100
100
A__
lien—
pr
Common
Last
__
1
B
Prod com
capital
Montgomery Ward & Co common
Week's
'
24%
:—*
common
Monroe
Friday
38
•
100
Convertible preferred
$1
1970
West
.Midland
Miller
A
Corp
Mickelberry's Food
7%
Bonds—
Boston & Maine RR—
Inc mortgage 4%% series
4%%
Preferred
Masonite
*
preferred
common—
,60% Apr
33 % May
1,189
Field
Low
& Mfg—
cumulative
Marshall
Middle
30
38
May
34
Range Since January 1
High
Low
Par
Mar
2iVe
77%
101%
STOCKS—
January 1
High
Low
99% 101%
21%
*
*
12%
Inc
System
(S
Warren
Range Since
Shares
High
32%
—
Inc
Drug
for Week
of Prices
Sale Price
STOCKS—
Sales
Range
Friday
—-
6 %
46
6 %
47
282
3.5
6
Jan
581
45
Mar
7%
47
Jan
Feb
May
Volume
161
Number 4387
THE COMMERCIAL & FINANCIAL
CHRONICLE
2251
OTHER STOCK EXCHANGES
EANGE FOR WEEK ENDING MAY 18
Week's
Friday
Sales
Last
Range
of Prices
Shares
Par
Kahn
preferred
Kroger
Hructer
1
S
U
S
75
12% May
25
48
Apr
50
42%
42%
109
36%
Jan
12%
13 %
80
10%
Jan
44% May
13 Va May
*
.
——;
4%
—•
60%
5
58%
210
3
Mar
Jan
Jan
5
55% Mar
727
60%
13%
61
May
4V2
*
10
Playing Card
Printing common
49
26
3%
Feb
23%
Jan
•
Mar
49
20
45%
Jan
56
Mar
18%
'A
50
Par
Michigan Sugar
19 'A
78
14%
Jan
19
Apr
48%
40
43
Jan
49% May
.
Unlisted-
Cities
—
General
23
,
—
19
19%
•
18%
19%
19%
*
—
6
8
Jan
Packard
Park
4
5%
6
786
68'A
69
235
62%
19'A
,
19%
19%
125
35%
113
Co
Friday
Jan
6
Jan
70% May
191/2 May
35% May
Simplicity Pattern
Akron Brass Mfg
Clark
Mfg
Udylite
Shares
Low
50
6%
425
6%
12%
Apr
106
106
12
Cleveland Cliffs Iron preferred
Cleveland Elec 111 4%% pfd
21%
89
al09
5
21%
-4
*
—
Goodrich
Great
(B
Rubber
F)
Co
Halle
common.
"
Preferred
Interlake
Jaeger
National
i
Dorn
Warren
Iron
Ohio
Western
&
26
32%
62%
45
Cleveland
293
37
110
33
Jan
39%
27
112
23%
Jan
30
Glidden
33%
33%
25
27%
Jan
10
15%
10%
51
30% '
7%
25
5%
a24% a24%
15
151/4
Ohio
Oil
Republic
41%
Jan
20%
50
Jan
175
May
2
Jan
3'% May
Jan
22% May
Jan
39% Mar
20'% May
18
May
44% May
20% May
23'%
50
18%
20y4
75
16%
18
44%
18
43%
a22
44%
14%
801
a20% a22
527
17
Jan
21%
21i%
300
18'%
U
2
3%
3V4
100
130
130
130
2%
10
a471/4 a49
•
324
24%
Feb
130
Apr
39%
Feb
3% Mar
130
Jan
Apr
51 % May
S
a50% a54%
160
44
Jan
a41% a43%
54% May
324
Jan
44
a30% a30%
Jan
32
a48% a48%
May
25
39%
Jan
a9% al0%
*
——
270
48% May
10% Mar
*'
com—
8% Mar
a25% a26%
279
21%
al8 % al8%
193
17
&22% a23
411
19%
Jan
58%
Jan
common
Steel
%
*
common
a
—
—
T~
♦
65% a66%
222
a237/s a237/a
—
,
50
Jan
Mar
20
Mar
27%
Apr
20%
24
Feb
Mar
69% May
35
% May
York
Curb
Bandini
Barnhart-Morrow
Diamond
Bolsa
Chica
Consolidated
Building
California
Central
Cessna
Aircraft
Co
Range
Oil
General
Shares
Motors
Edison
,
&
1%
2
1,900
16%
18
1,690
3
Jan
8%
Jan
May
2%
Feb
18
May
4% May
5%
700
22%
1,160
21%
6%
300
5%
Jan
161/?
16 V2
203
15%
Jan
11%
17% Mar
12%
4,405
9% Mar
13% May
49i% May
II
II
II
_2
*
1
;
common
10%
!
>
491/a
68%
4
4%
~g%
6%
7 '
24%
24%
13%
13%
32'%
30%
9
_1
1
10
2'%
Mfg
■
68%
3
common
*
___l
common
1
'
Mashon (R C) "A"
preferred
McClanahan Oil common
common
page 2256,
10
1
491/a
100
9Va
2,735
748
62%
Jan
12
Mar
Apr
91/a May
70
Apr
3%
Jan
4%
Feb
5%
Jan
8
Jan
24%
169
23 %
Jan
13%
450
121/2
Jan
321/2
4,467
15'%
Jan
6 %
4%
1%
•1%
28%
28%
770
,
350
1,200
.
May
32% May
7% Jan
Listed
Week's
Low
Jan
BROKERAGE
—
Unlisted Issues
Sales
Television
Oil
Co
4
4%
1,700
49c
2%
21%
common.
Mfg
Aircraft
1
1
Jan
May
25%
a79% a80%
1,121
71
Jan
•
Jan
Apr
14% May
co 0
11
10%
Jan
May
11% Mar
200
30
Jan
40
Feb
151/8
725
ia
Jan
16 Va
Feb
a68%
a 69%
1,761
62%
Jan
70 Va May
14%
19%
100
32
15
-Iw.
11
32
1
14%
100
12%
Feb
14%
Apr
19%
19%
250
16%
Jan
20% May
55
55
240
51%
Apr
57% Mar
100
53%
Jan
500
75c
Apr
95c
15 %
Jan
321/4 May
22% May
56
'•
56
80c
80c
32%
31
32'A
22%
22%
22V2
5
5
5
12c
12c
151/4
15%
55c
55c
1,425
150
16 Va Mar
140
1,000
150
6,500
3%
11c
60%
Jan
Feb
Feb
Mar
5% May
19c
Feb
131%
Jan
16%
Feb
45c
Jan
60c
Jan
23%
23%
449
19%
Jan
24
18
18
209
17%
Feb
18% May
1.75
35
1.75
1.65
*—*
35
16c
—
35
17c
700
1.45
30
425
9%
Jan
2.00 Mar
Feb
35
8c
Jan
23c
6%
Jan
Jan
9,700
7Va
7
9%
13,637
May
Msfy
Apr
9%. Mar
pfd
170
6%
25
38%
38 Va
682
34%
Jan
9% May
38% May
25
preferred
1st
18%
Feb
5%
115
29
1
Inc—
910
88
Apr
Jan
Apr
1
Co_
4%
94
Jan
I
Ltd
160
Jan
10
Co
530
Jan
Mar
26%
1
Petroleum
Corporation
77
10%
—lQc
Corp
4%
4%
alll%all3%
20% 21%
28%
55
26Va May
33% Apr
220
10c
Aircraft
50
87
Jan
Jan
21
490
-1
Co
282
2.85 May
14%
—
Company
26
4%
Jan
28
«
10
2% May
Jan
14%
*
..
1% Mar
3
1.75
Jan
Jan
52 %c May
28
11
,
.
-
__
ADr
14%
J
Co
High
8
5%
"
28
*
•
2,900
87
a69%
common.
25c
1,364
2.85
Apr
3% Mar
2,130
4%
a32% a32%
Radio- —1
Co
2%
2.70
25%
•
com.
3,593
41/4
—Is
»
49c
2%
2.85
•
1
44c
5%
'
♦
common
"A"
Car
Petroleum
1st
287
4%
1
&
Corn
Motor
Low
5%
a 113%
& Equipment Co—
Co,' Ltd class A
Range Since January 1
High
5%
1
America
Motors
41
41
197
38%
Jan
41% May
36%
36%
9%
—25
Indemnity
Co_
Lighting Corp
51/2%
Rice
35% Mar
182
36% May
56%
10
common—
—
Richfield
Ryan
Oil
56%
150
51%
Jan
58
Feb
50%
51
495
48%
Jan
52%
Apr '
pil
.1
Corp
Union
Jan
5%
Feb
1%
Jan
1%
Co
Sinclair
Solar
Oil
51/2%
A_
Calif
„—
class
1
C_—
Southern Calif Gas 6 %
Pacific
Standard
Oil
Co
Transeon &
Union
Oil
Western
16%
16%
12c
62
8c
161/2
Apr
8%
Jan
49 % Mar
43c
10 V»
660
Mar
Jan
13%
Mar
10
May
6% May
9,378
285
23%
Apr
Apr
23%
Apr
30
41%
Jan
46
Apr
25
26"%
Jan
27%
Feb
Jan
14c
Apr
62% Mqr
10c
Apr:
4c
2,000
54
330
8c
1,000
827
Jan
May
15% Mar
17% Mar
14
15
11
Jan
15
30%
30%
1,544
26%
Jan
31%
31%
968
30 Va
Jan
30% May
32 % Jan
30%
525
30
30%
476
Mar
31%
May
Jan
39%
39%
302
38
Jan
39% May
45%
45%
635
39 Va
Jan
46%
42%
42%
625
39
Jan
45
1
6%
6%
195
16'/a
16'%
11%
12
*
Western Air Inc_
-5
45%
16%
■—2
California
Lines,
46
Jan
33c
15
25
Corporation—
of
a22%
51%
48
20
*
——
Consolidated
Air
10
831
1,400
30%
25
*
Calif
Sunray Oil Corp
Taylor Milling Corp
Transamerica
8c
pfd class A—25
Company
of
12c
62
1
25
12 1/8
8%
46
*
*
12
a27% a27%
25
class
of
43 c
Oil
a39%
25
Co
Inc
10
1
a36% a39%
22%
23
450
8,726
79
3,497
.
61/4
15
Jan
71/4
Jan
16'A
Apr
May:
Jan
Apr
10% Mar
12-
28
Feb
341/4 May
20%
Jan
25% Mar
May
21
21
21%
600
15% Jan
28
25%
21%
25%
405
16 'A
Jan
24% May
a7%
a7%
130
6%
Jan
10c
10c
7c
Jan
Mar
28% May
31
Co
Co
49
41c
a22
*'
15
Company
preferred
8%
30
Southern Calif Edison Co Ltd6%
preferred class B
Bouthern
12%
1
(new).
Corp
Aircraft
*
.
Corp_
Corp
Sierra Trading
Signal Oil & Gas
Signal Petroleum
Feb
31
Oil
41c
common
Aeronautical
6%
48%
50
Co
Safeway Stores Inc
Security Company
Shell
6%
1
common
preferred
Ranch
Universal
31/2
26 % Mar
31
31
150
46
9,800
3%
6
251/4 May
13% Mar
400
43
3%
Apr
7% Mar
Jan
7% Mar
345
6
45
46'%
7%
23%
1,790
4%
28%
5% May
Jan
68%
e
*
i
8
4%
1
see
970
Jan
5%
Bearing
For footnotes
1,415
10%
1% May
14
6%
-
10
Michigan Die Casting
4%
22%
:
Car
4
Feb
22%
-
Kingston Products
Kinsel Drug
Kresge (S S) Co
4%
I
Truck
Industries
2
18
2%
20
3.
5%
FACILITIES
Shares
100
Co
12'A May
43
1—3.
1
-Hoskins Mfg
Lock
Jan
37% Mar
'
Brewing
I
Graham-Paige common
Hurd
Jan
10 Va
680
5%
Goebel
Motor
2V4
285
10%
common
Trailer
&
400
12 Va
42%
!l
Stove
Corp
Motors
2%
12
42%
High
10
common
Detrpit-Michigan
Motor
2%
Low
common
common
Feb
for Week
•
common-
Corp
Republic Petroleum Co
Range Sinoe January 1
12%
12 %c
4% Mar
AND
Range
*
com
General Paint Corp common
Gladding, McBean & Co
Goodyear Tire & Rubber Co
Pacific
for Week
*
-
Jan
Co., New York
of Prices
2
■
of
Farnsworth
Pacific
High
1
Detroit & Cleveland Nav
Hudson
Wire to Allen &
,_l
Emsco Derrick
Exeter
5%%
42"%
1
1%
May
44%
16% May
2 »/4 Mar
Sales
1
*
:
Burroughs Adding Machine
Burry Biscuit
Ball
700
Douglas Aircraft Co, Inc
Northrop
of Prices
Sale Price
Baldwin Rubber
Hoover
51/4
—I
Preferred
Creameries
Nordon
Week's
Low
Wood
5 Va
1
Packing Corp
Investment
Menasco
Randolph 5530
Last
General
5%
Corp
Los Angeles Investment Co
DETROIT
Friday
Gar
2,826
Corporation
Oil
Broadway Dept Store Inc
Lockheed
Detroit Slock Exchange
Fruehauf
1%
l
Berkey & Gay Furniture
Blue
6%
Federal
1%
Co
Pacific Clay Products
Gas & Elec common
Detroit
Jan
1%
8
Feb
Sale Price
Pacific
Detroit Steel
37
13
5%
Petroleum
Merchants
Continental
395
300
Mfg Corp„
Lincoln
Associate
Chicago Stock Exchange
Telephone:
Briggs Mfg
Brown, McLaren
13 % May
Jan
39
Par
Aireon
Lane-Wells
New
Detroit Stock Exchange
Electric
7% May
Apr
4%
Last
Bros Packing Co
Hupp Motor Car Corp
Members
Exchange
STOCKS—
Jan
9%
Angeles Slock Exchange
Jade Oil Co_
Ford
6%
150
16%
Friday
Hunt
Watling, Lerchen & Co.
Stock
100
3,172
8
381/4
STOCKS—
Hudson
York
71/4
12%
7%
Angeles Stock Exchange
Los
Hancock
Allen
71/4
7% May
Spring Street —LOS ANGELES —TRinity 4121
Holly Development
New
5% Mar
16'/a
May
25
37%
'25%
—
*.
Youngstown Steel Door
2,550
16%
Jan
Apr
53%, Mar
Jan
a49
So.
May
15
570
105
650
26% May
Jan
Steel
Feb
7%
12%
*
—
31% May
5% Jan
22%
—
common
New York Central RR
Jan
5
6%
50
-
__
Products
Feb
52
Jan
20
__
10%
43%. Jan
850"
3
Jan
231%
300
5
3
13 % Mar
268
45'%
Industrial Rayon
Interlake Iron
5%
Jan
33% May
15% Apr
200
7
common
Apr
mil
__
A
Consolidated Steel Corp
Co
3
3%
200
Feb
22%
1
Jan
200
1,700
Apr
51%
Bronze-
7
3%
4
class
common——.
Jan
13% Jan
91/4 Mar
4%
8
Chrysler Corporation
Graphite
Feb
Jan
5
Feb
Jan
Mar
Unlisted—
General Electric
8%
12%
Mar
4%
Mar
3
Corp pfd—100
3% May
3% Jan
400
Apr
39
May
5%
Tube————*
12%
8%
7%
1
Member Los
Feb
53% Jan
5
•
Reserve Invest
Youngstown Sheet
50
51%
Chemical
850
730
FAIRMAN & CO.
Mar
30%
10
3%
COMPLETE INVESTMENT
May
59
42
———*
Works
Refining &
61
Jan
51
5
Thompson Products Inc
Van
Jan
15
*
of
57
—
*
Bros
Oil
49
26 %
'
3
4%
III-l
Direct Private
Feb
23
_*
—
Patterson-Sargent
Standard
36%
3%, Feb
Jan
Mar
55
—*
——.
-
Cooler
Jan
2%
*
_
May
2%
1,350
3%
—
_
33
1,935
12%
_
_
7% May
3% Mar
Feb
Feb
2%
5
8%
1
common
3%
29%
31/4
3%
10
_
100
197
5
~5
1
Aircraft
3%
33
3%
2
Specialties
Radiator
24% Mar
Jan
1
common—
—
6
93
114%
52
*
Tile
Electric
Jan
85
1
Corp
Jan
181/4
54
common—*
Acme
Refining
Jan
22% May
33 %
Cement
National
Richman
54
—•
Brick
Jan
5%
Jan
Jan
——•
Paving
National
Reliance
54
——*
S
May
23%
Jan
109%
110
22%
*
McKee (AG) class B
Packer
22%
*
Portland
13%
2,045
Feb
106
16%
50
—t.—
Jones
&
Laughlin
Kelley Island Lime & Tr
Lamson '& Sessions!
11-,
Metropolitan
80%
5
40
22%
7%
Jan
197
58
40
19%
1,796
a29% a29%
59%
59%
59%
5
Machine
Medusa
89
21%
58
100
—
Steamship
50
a57% a57%
•
*
.
Towing common—
common--!
Bros
425
7%
2%
•
common
13% Mar
105% May
20% Jan
650
109%
a
20%
-—5
Lakes
20
89
*
.
&
21%
20
—*
Corp common-Mfg
:
Tire
Jan
May
27% May
18 % May
High
Jan
130
•
Controller
Low
6%
13
___1
General
High
6%
i—100
pfd
Electric
24%
31
Range Since January 1
13
Fuel—
"3%
1
I
for Week
,
Cliffs
100
18 Va
32%
Investment
Warner
—5
Body
Controller
Eaton
Jan
*
Tivoll Brewing common
Universal
Sales
Range
of Prices
Par
&
6%
6%
1
Wayne Screw
Week's
Last
Sale Price
STOCKS-
Elec
27%
22%
3%
Sheller Mfg
May
May
Exchange
J
Ice
100
#
__
common
Preferred
Cleveland Stock
City
Jan
31
27%
*
(H W)
Raisin Paper
Scotten-Dillon
U
Apex
Feb
3%
17%
Car
Davis
Peninsular Metal Products
Prudential Investing
20
191/4 May
28% Jan
*
&
1%
Feb
100
31
Parke,
United
Coach
Jan
3
common
Chemical
Union
American
High
1%
2%
3
5
Motor
19% Mar
191/4 May
34%
—_
Brands
15%
325
68%
10
—_
Standard
19
*
,
Motors
Pure Oil
Low
510
<■
Motor Wheel
River
Service
1%
Range since January 1
High
—50c
_
Columbia Gas
Low
1%
Abrasive
Motor Products
Murray Corp
Shares
*>
common
Mid-West
Rickel
Rolling Mill
of Prices
Feb
4% Feb
27
48 %
19
Preferred
75
100
5%
26
,
American
Sales
for Week
Sale Price
t
;
;
—
Rapid
U
13
49
43%
STOCKS—
High
13
*
& Gamble
"B"
Low
49
'
Pumps
Randall
High
—*
:
„
National
Low
Week's
Last
Range Since January 1
-100
—
1st
Meteor
Friday
for Week
Sale Price
STOCKS—
1,000
32c
2%
May
Jan
Jan
55c
3%
May
Mar
Feb
Mining Stocks—.
Alaska
Black
Juneau
Gold
Mammoth
Mining Co
Cons
Mng
Co
10
10c
2,000
7%
11c
Feb
May
Monday, May 21, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
2252
OTHER STOCK EXCHANGES
MAY 18
RANGE FOR WEEK ENDING
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
Friday
Range
for Week
of Prices
Shares
Last
Sale Price
STOCKS
Gold
Gold
Cardinal
Mng Co
Cons Chollar G & S
2c
May
2%c
Jan
3%cMar
9c May
Pennroad
1.00
21,000
2,000
200
9c
1.75
Jan
2.00 May
Pennsylvania RR
4c
7,000
2c
May
5c
Feb
7c
8C
25c
8c
3,000
6c
Mar
8c
Feb
100
14
Corp
Viscose
Amer
Armour
S F Ry Co
A T &
Refining
Atlantic
Company
Corporation
Aviation
Co
Oil
Barnsdall
Corp_„_.
Aviation
Bendix
Bethlehem Steel Corp
Borden
(J I)
Case
Co
Caterpillar Tractor Co
Cities Service Company
90
906
29%
620
6%
Jan
255
77%
Jan
5%
Jan
76%
19%
20
—
20
Feb
Westmoreland
34%
Jan
38
May
Westmoreland
Coal
Jan
10%
Jan
57%
59
23
20%
Feb
20%
5%
6%
780
al6%
a 16%
4%
Jan
100
16%
Jan
158
1%
29% Mar
1,024
U Feb
Oil
Ohio
Co
Jan
22%
12 %
Apr
34% Mar
50
33%
60
21
Mar
Oil
5%
Jan
6%
Jan
130
19 %
Jan
20%
Radio
40% Mar
42%
6%
7
Standard
Brands,
Oil
Co
(Ind)_.
Standard
Oil
Co
(N
Webster,
&
Studebaker
Swift
&
Texas
u
Co
,
Jan
152
50%
Jan
52% Apr
Fort
May
Lone
300
30
Jan
455
18%
Jan
31
"United
U
S
U
S
Carbon
&
Corporation
Rubber
Steel
Warner
Western
39%
Apr
8%
285
28%
445
7%
Jan
26% May
9%
104
60
219
48%
Jan
61%
Tel
class
Co
26
888
22
Jan
27%
10%
1,440
9%
Jan
Jan
24 y2
23%
45
6%
750
17 Va Mar
Apr
Apr
San
Jan
Mar
20
48 % Mar
al9% al9 %
4
17%'Jan
12
12%
1,095
10 Va
Jan
22%
494
19%
Jan.
108% 108%
•
15
291
101%
Jan
28%
Prior
12%
24
Feb
1,181
13%
Jan
17%
Jan
44 y4
Jan
33 Va
Apr
37%
330
35%
Jan
741
57 %
Jan
62
Apr
Storage
100
11%
Jan
13%
520
18%
Jan
Gimbel Brothers
a33%
90
31% Mar
Feb
34
202
49%
a427/s a44y8
140
39% Mar
39% Mar
17%
20
18%
360
a907/s a92%
97
Jan
Jan
84% Apr
York
New
Feb
55
52%
North
Jan
7%
100
6%
Jan
9%
Feb
225
90c
Jan
1%
Jan
100
9
Feb
9
5c
Jan
8c
7%
1%
1%
9
9
5c
6c
92 y4
York
New
May
Feb
Mar
8%
8%
25
8%
Apr
10%
Feb
11%
11%
30
9%
Jan
12
Feb
Feb
29%
Jan
39%
33%
Feb
Stock
29 %
29%
555
28
Apr
32 y4
1%
1%
200
58%
58%
103
58% May
4th St.,
a65% a67%
820
59%
1%
Jan
Jan
2
15%
Jan
48
13%
155
44 y2
36 "
37%
1,200
36
Jan
22%
22%
270
17%
Jan
45
45%
415
41
Jan
Week's
•
Exchange
37% May
23%
of Prices
Shares
Week's
Range
for Week
of Prices
Shares
Par
Inv
American
Shoe
Brown
common
9%
0
50
Range Since January 1
Low
17%
Jan
164% 166%
1,438
157%
Jan
High
25
Brew
Co
-i—1
24
5
common
•
—
113%
Mar
166% May
& D
S
Hydraulic
415
25%
Jan
30% Mar
71
334
57%
Jan
71
Laclede
Gas
14%
925
10%
Jan
Laclede
84%
84%
30
84% May
85
65
10%
Jan
16% May
349
92%
Jan
116% May
1,020
9%
Jan
Shoe
64%
112
59%
Jan
65% May
20%
1,336
16
Jan
22%
—
48%
983
Feb
69%
1,544
28%
28%
44% Mar
51
62
Jan
10
21%
Jan
70% May
28% May
6
6
50
4
Jan
6% May
9
«
common
__
common
Feb
13%
13
13%
758
12%
Jan
12%
11%
12%
996
6%
Jan
13
Jan
50
May
8
Feb
10
Mar
24 VA
225
24
Jan
25% Mar
13%
Jan
Rice-Stix
St
Louis
25
*
common
9%
9%
9%
410
7%
Jan
10
Apr
Stix,
35%
17%
148
18%
100
150
330
25
27%
522
40%
40%
55
14%
507.
4%
50
Inc
—
common
_
—
Wagner Electric common
May
38% Mar
Mar
-18% May
10%
Jan
14%
Jan
20
Feb
Apr
106
Apr
105
Feb
2%
Jan
23
Jan
27%
Feb
39%
Feb
41%
Feb
9%
Jan
14% May
1%
5% Mar
4% May
21
302
17%
Jan
21
20
150
19
Apr
20% Apr
May
30
29
30
800
27%
Jan
34
Mar
21
21%
146
17%
Jan
22
May
22
20%
22
284
20
May
22
May
23
23
85
19
Jan
10
1
2
10%
10%
90
90
2
5
„
37
38
145
76
32
24% Mar
12
Apr
9
Jan
73
Jan
95
Mar
27%
Feb
38
May
Mar
76
May
71
100
76
76
,1
—
Aluminum common
Baer & Fuller common
34
20%
100
common
Preferred
Preference
205
35%
15% May
113 %
112% Mar
21%
♦
Dry Goods common....,,
Car
10
28
15%
—
0
Piping & Sply common-
Missouri Portland Cement com
Candy
15 Va
113% 113%
13
13
13%
355
11%
Jan
13% May
18
18
130
13
Jan
18% May
39
39%
215
35
Jan
40
,10
May
,»«p—•
15%
45
50
20
21
__
Sterling
—50
20
*
National
'
4%
100
__
common
Apr
45%
40%
5
Light
McQuay-Norris
Scruggs-V-B
1
m
common
13% May
63%
68%
28%
High
9% May
Jan
20
13%
.27%
May
20%
13%
7%
8%
105% 105%
2
2%.
100
-
Steel
*
—
__
Christy
29
45%
.100
—
International
13%
12%
20
18%
——
*
Preferred
70
16
January 1
Low
17%
'
common
Pressed Brick com
28%
May
14% May
c
Brew com
13%
15%
9%
50
50
8%
__
common
71
110% 114%
Range Since
High
Low
__
common,,,,
Electric
Century
Preferred
286
593
Sales
Last
Huttig
21%
20%
7600
Bell Teletype SL
Associate
Friday
Hussmann-Ligonier
High
2, Missouri
May
45 % May
Sales
Range
1871
St. Louis
Sale Price
Feb
Mar
for Week
Low
64%
Unlisted Securities
St. Louis Stock Exchange
Jan
Apr
Apr
50
a46% a47y8
■
37% May
Phone
stocks—
a 14%
al4%
114%
31%
33% May
CEntral
68% May
%
27% Mar
1,255
Exchange
58% May
a67%
295
37%
Chicago Board of Trade
Curb
39% May
*1%
30%
33%
37%
Jan
117%
226
"29
«
2256.
1% Mar
142
Apr
117%
82
39%
.13%
Lehigh Coal & Navigation
Lehigh Val'ey RR—,—
7,300
Louis Stock Exchange
Chicago Stock Exch.
13
—
118%
Mar
al26%al27%
10
For footnotes see page
275
Members
50
*
National Power & Light
Jan
Established
Laclede
_
Jacobs Aircraft Engine Co
1%
132% 135%
new—12%
300
Midwest
Battery
200
Edward D. Jones & Co.
29% May
18%
__
Motors
2% May
1%,
7
Feb
13%
27%
52%
common
Electric
7
May
12% May
Jan
1%
38% Mar
St.
•
General
Feb
1%
•
Brake
Air
Apr
28%
a33
a33%
5
_
9%
2,715
1
Springs
Apr
34 Va
47
13%
♦
Light
Feb
602
2%
108% May
27%
27%
166%
_
6
12%
2%
St. Louis Listed and
Mar
5,034
a62 Va a63
a63
•
Power &
200
12%
common—.—1
Gas
Feb
Feb
16%
16
37%
—
preferred
12%
Feb
51%
a34% a36%
a36%
*
Delaware
22% Mar
Jan
r
20Va Mar
a44y8 a44%
16%
Mfg Co common
Curtis Pub Co
Apr
Jan
10%
1
—
&
Feb
5%
18%
*
Mining
6%
100
205
430
5%
1
Toy
Jan
38% May
Tel & Tel.,
Co
8% May
12 y8
5
25
*
:
Bros
&
Reymer
Westinghouse Electric Corp
26
«
Wheel
7% May
12%
7
—
Westinerhouse
33%
American Stores
Budd
2%
130
2%
Pittsburgh Oil & Gas
Pittsburgh Plate Glass,
Pittsburgh Screw & Bolt Corp
Feb
103
Sale Price
Chrysler Corp
6% May
22
5%
—10
Apr
415
5%
a52 Vo a52 Va
Par
preferred
Jan
1 % Mar
8%
__
7%
a27% a28
STOCKS—
$5
4%
100
21%
22
Corp.
Fireproofing
30y2
a38 y8 a38%
Last
preferred.
10% Mar
971
6%
2
12%
*
Supply
Fuel
Mountain
Oil
a38%
Friday
Works vtc.
Feb
400
8%
—10
Gas
Griesedieck-Western
(E G>
15% May
9%
10%
1
,
Refractories
Walker
Steel
Philadelphia Stock Exchange
Budd
34% Mar
70
2
Emers'on Electric pfd
Baldwin Locomotive
Jan
Jan
134
5%
6%
1
High
13
31%
14%
8%
Brewing
Pitt
Star
Columbia
Bankers Securities Corp
35% May
*'8%
31%
10%
Steel
Follansbee
Coca-Cola Bottling common,
American
20% Mar
»
Jan
Low
High
14%
31%
■_*
L)
(D
Standard
Jan
10
(F W)
Woolworth Company
*
Feb
20 y8
28 % Mar
12%
1
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc
May
Range Since January
Shares
11% Mar
197/a
325
6%
—5
—*
A
19
30 y2
Apr
135
*
Inc
Pictures,
17% Mar
Apr
28 y4 May
a29% a32
*
Corporation,—
Union
35% Mar
a31%
10
.
.
Low
m
Co
Shamrock
Corp
(Del)
Co
Bros
80
a!8% al8%
a92%
Carbide
44% Mar
Jan
for Week
May
Jan
8
29%
23
*
Union Pacific Railroad Company—100
United Air Lines Inc
i
10
United Aircraft Corp
—5
Union
.
Sales
Week's
of Prices
Continental Commercial Corp com. IZIi
Jan
a 18%
a44%
Tide Water Assoc Oil,
40
Candy
Columbia Gas & Electric common.
5%
10 %
10%
*
—10
Co
34%
Sale Price
McKinney Mfg
25
I
Company
215
33
Renner Co
*
1
25
Inc
Corp
Gulf Sulphur
Texas
Apr
25%
*
.*
25
25
J)_,
2,826
Steel
Ludlum
Allegheny
Blaw-Knox
54%
22%
Inc
16%
19%
16
Apr
Jan
Jan
13%
14
43
2%
1%
38%
250
1%
1%
43
Par
80
a35%
"
Standard
Stone
Jan
35
29%
1214
:
May
Last
Harbison
*
•
Co
6c
3
Friday
435
a52 % a54%
6%
Socony-Vacuum Oil Co_
Southern Railway Company
Jan
11,997
3
60 V* May
Steel Corp——
Roebuck
Bears,
43% May
38%
190
60
of America.
Corp
Republic
Jan
1%
%
%
2%
3
Va May
Pittsburgh Stock Exchange
Clark
1
,50
25
—
1,213
1
Jan
—•
Co
64 ya May
Apr
May
505
—10
Pennsylvania Railroad Co
Corp
Pure
23
780
6
a24% a25%
*
1
Phelps Dodge
Pullman Inc
Jan
%
15%
Mar
a43%
*
Paramount
57%
19
Feb
Jan
8%
—18
Motor Car Co—
Pictures, Inc,
Packard
55
Apr
9
■
26%
—
64 Va
—20
Apr
1%
18
19 % al9%
a42
(new)
Co
North. American
49
62%
31% May
472
a33
5%
a
7
Inc
Feb
-13%.
_
_
6ya May
17%
National
Central RR
North American Aviation, Inc.
Jan
42%
Feb
279
a37% a38
York
New
15%
139
Feb
10%
10%
29%
Montgomery Ward & Co,
50
48%
May
22%
21%
a35
a35%
Robbins, Inc.,
25%
47%
62%
Mar
May
27 Va May
Apr
40
Jan
a58 % a59 %
Kennecott Copper Corp
McKesson" &
14%
39%
#
common
25%
4*%
—
»
—
Inc
48%
5%
& Tel Corp—
Inc,
45
80 y4 May
175
a23% a23%
Int'l Nickel Co of Canada
Loew's,
49% May
Jan
10
Jan
Jan
110
•
McNeill & Libby__
Feb
36%
common
68%
70
57%
Corp
preferred
United Gas Improvement—
17%
170
6%
Libbv.
42%
449
25
_
340
a43 Va
a33
a52 %
Tel
29 yo
20
44%
„_25
Corp common
225
:
al4
10%
pfd.
Int'l
Jan
49%
44 %
«
a42% a43%
Ry Co
Northern
—
19%
49%
50
STOCKS—
Graham-Paige Motors Corp.
Great
190
$3
1
*
39% May
•
United
Jan
32 % Mar
50
Preferred
Feb
Apr
32'/a Mar
445
Oil
Mar
28%
119%
27% May
25%
•
Transit Invest
7Va May
117
80
261
38%
common
Feb
35 %
Jan
Jan
24%
554
26% May
Jan
31%
24%
1
Sun
247/a
—
Co
Paper
30 %
*
(B F)
Scott
Jan
%
a437/a
21
37%
_
Apr
98
a43
19%
Jan
50
■
Jan
a30% a31
General Electric Co
Foods Corp,,
pfd
preferred
17%
—
Goodrich
87/a Jan
al9% a20%
a
Feb
41
3
Motors
26%
22 %
General
2nd
al4
Corp,,:—
7%
39%
28
27%
34% May
90
19%
—1
Continental Motors Corp
1
Continental Oil Co (Del).———5.
Crown Zellerbach Corp__—,—:
-5
Curtiss-Wright Corp
1
Class A
1—
1
8%
Corp
180
a37% a38%
57
Pow
Jan
Jan
37% Mar
3,552
26 ya
27%
5%
32%
1,320
119% 119%
119%
Reading Co common
1st preferred
28%
76%
a43
25%
26%
common
preferred
Elec
a21% a21%
6%
Aircraft
Jan
.33% May
3,656
a50% a50%
Solvents
Vultee
165% May
—
—
250
7 Va
28%
al67/8
Cons
33%
6%
28%
*
Corp
Gas & Electric
Commercial
8
33%
a21%
Feb
Reo
a92% a94%
~7%
Corp
*
Commonwealth Edison Co
25
Commonwealth & Southern Corp—
Columbia
Feb
161
944
34%
7%.
25
25
*
10
Pacific Railway Co,
47 %
a51% a52%
a94'/4
38%
•
Feb
5,580
4,035
39
•38%
15% May
Jan
52'/a
15
Company
Canadian
Jan
42%
al64%al66%
5
Boeing Airplane Co
12
100
34%
13.
5
5
—*
Works vtc
Baldwin Locomotive
705
166%
a
50
5
100
—25
3
Mining Co
& Co (111)
Anaconda Copper
15
15
a
Salt
preference
4.4%
a48y8 a49
*
San Corp
American Smelt & Refin Co
American Tel & Tel Co
37%
37%
«
$1
Philco
Unlisted Stocks—
6%
38%
10
Mfg
Philadelphia Electric Co common.
Phua
Amer Rad & Stan
_
High
Low
7%
6%
1
50
Corp
Pennsylvania
3%c
25c
Ltd
Imperial Development Co
Zenda Gold Mining Co
8c
1.75
1
Range Since January
High
Low
Par
High
Low
2%c
2c
2c
10c
1
1
Mines Company
Mng Co
STOCKS—
1
Range Since January
High
Low
Par
Calumet
Sales
Week's
__
.__
15
--
39%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
.Volume 161
CANADIAN
RANGE
FOR
LISTED
WEEK
MARKETS
ENDING
MAY
18
Friday
Sales
Range
for Week
Sale Price
STOCKS—
Week's
Last
Toronto Stock Exchange
Canadian
225$
of Prices
Shares
Funds
Par
Week's
Friday
Sales
Last
for Week
Sale Price
STOCKS—v
Range
of Prices
Shares
Low
Par
Abitibi
&
Power
6%
common...—*
—
-100
Paper
preferred
Oil
&
Gas
Acme
2%
2%
47
1,125
501/2
10c
10c
Low
11c
1
2.02
2.00
2.10
5,700
*
*
14c
13'/a c
14c
50,600
15
15
16
505
14%
99
99
99
165
97
Feb
14 %c
Jan
100
1
Ajax Oil & Gas
Mines
Copper
.
1.25 Mar
2.20
Algoma Steel common—
Preferred
—
Ltd
Aluminium
Aluminum
•
113
pfd._100
1041/z
common
Canada
Co. of
5%
1041/2
113
110
105
112
•
190
Feb
12c
20c
May
Bank
Canadian
Aquarius
Gold
Porcupine
Jan
Dominion
Tar
May
May
Donalda
95
Jan
117
100 %
Jan
105
73c
Jan
1.13
9.55
16,000
75c
Jan
96c
17c
20c
3,400
16c
Apr
25c
26c
10c
Jan
29c
38c
44c
27c
Mar
45 Vic
Apr
11c
22 %c
96c
6c
Jan
21c
45,125
16c
Jari
29c
34,300
49c
Apr
13c
9,000
1
45c
44c
47c
22,800
35c
Mar
1
1.59
1.46
1.70
215,719
74c
Aunor
1
4.15
4.10
4.15
600
1
56c
47c
60c
551,125
16 %c
16c
17c
16%
17
27%
29
Mines
Geld
Mines
Bankfield
Consolidated
Bank
-
Mines
1
Montreal
of
Bank
of
Nova
Bank
of
.—10
Toronto
Scotia
17
10
—
__
10
—
--
Base
Bread
Metals
Bathurst
Bear
Mining
3.60
80c
Exploration
A
Radium
&
Jan
4.25
__
60c
26,960
1,126
IOV2C
Jan
22 %c
15%
Apr
28
130
26%
Mar
100
27% Mar
1.73
1
Ltd
25
16c
12,625
16%
150
Class
—1
18
4% May
12 %c
1.82
Feb
14
Jan
22,100
1.84
1.68
1.75
Class B
27,322
28%
195
22%
Feb
30
112
112
11
111% Mar
Gold
Belleterre
River
Berens
Bidgood Kirkland
Biltmore
—
_i
Gold.
42c
*
—
...
1
9
9
; 9
10
—
—
-
Investment
Gold
Trust
25
1
Electric
class
*
A
Farmer
Candy
Bralorne
1
Columbia
Buffalo Canadian
Kirkland
of
Foundation
A
*
*
•
6.45
Feb
Gatineau Power common
*
11%
5%
preferred
5%%
preferred
Apr
General
Products
Apr
General
Steel
Mfg class A
45
16
200
100
*
64c
1
28 %c
Jan
1
9%C
16 %c
Lake
Ltd
Gate
class
17c
16c
18c
20c
19c
23c
66,800
58c
69c
74,250
27c
27c
30c
22,800
21 %c
9%c
10c
11,500
39,200
4c
Apr
Jan
85c
Mar
Jan
35c
May
Jan
14c Mar
9c
Jan
22c
Apr
74c
74c
80c
11,500
74c
May
94c
Apr
1.05
1.36
92,661
83c
Jan
16%
17%
1,670
14'%
Jan
18
Feb
Goodfish
1
7c
7c
32,000
3c
Jan
24%
25%
5,490
22'A
Feb
25 Vs
1,680
23%
Jan
27
27
265
25
Apr
27
22%
21%
22%
39
26
Feb
-
Co
Goodyear Tire & Rubber
May
Graham
Mar
Great
Feb
Vtc preferred
71c
69c
72c
12,200
69c
Jan
78c
Feb
5.45
5.65
Gunnur
Gold
6,633
5.10
Apr
54c
105,793
8Vic
Jan
65c
21%
255
1814
Jan
21% May
Halliwell
6%c
7c
4,500
314c
Jan
10c
Apr
55
12 %c
11c
15c
26,000
*;
21
21
15
17%
Jan
24
Feb
Hamilton
20
10%
Jan
15%
Jan
13 %
1.80
1.98
25c
25c
27c
1.70
9,450
2,400
21c
Jan
Jan
6
6Va
160
6
Apr
69%
20
63
Jan
Feb
Apr
10'%
10%
10'%
1,735
120'%
121
60
8%
8
8%
25
33%
33%
33%
9V4
118
50
Apr
Feb
7%
6% Mar
71
May
10%
125
14
—
Jan
10 %
33
Jan
34% Mar
Jan
—
14
205
12%
Apr
15
Jan
170
11
158%
Jan
175
Gold
14
575
11%
Jan
14
Feb
45
81
39%
Jan
46%
Feb
Rock
225
4
Jan
9
23
Apr
30
5
4%
Jan
6
Mar,
22Vic
Jan
54c
Apr
1
43c
43c
46c
36,200
*
10%
10'A
10%
890
Harricana
Heath
Hedley
1
81c
.
48,900
200
7
Hinde
&
150
77'%C
550
7
,
84c
14,650
13c
33,800
50c
50c
55c
155,000
91c
91c
1.00
19,168
5
•
Yellowknife
14%
14
13
5,093
8
48%
49%
40
44
Jan
50
18
17%
18
235
15
Mar
Hunts
24
May
18% May
25% Feb
Feb
19% May
Huron & Erie
Jan
15
Jan
13% May
Homestead
Hosco
Oil
Gold
Howey
24
25
285
19%
19%
1,115
11%
10%
11%
890
10
Apr
13
29
29%
230
27%
Apr
30
Jan
51
50
& Dock
51
164
10
*
20
19%
20
62
62
62%
200
Locomotive
A__•
6%
6%
17
Malartic
*
25
Canadian
Shipbuilding class B
Wirebound
*
1.20
;
17
1.24
14
15%
16,042
9,500
6
6
50
24%
25%
80
2.60
6
--
2.60
700
Jan
51
Jan
164
19% May
Jan
49%
6%
&
Jan
May
May
22% Mar
63
16
,
70c
11%
6
Mar
7%
Jan
Jan
Jan
17% Feb
1.35
15%
Apr
65c
10c
Feb
14 %c
19
9
18
Jan
12%
13%
3.65
5,075
3,710
40c
80,600
—
Jack Waite
1.80
Jan
2.90
Apr
Jacola
common
Jason
Apr
160,000
3 %c
Jan
19c
Apr
93c
144,800
27 %c
Apr
3.00
May
2.79
May
J
44,375
12Vic
Jan
33c
May
Joliet
25c
Jan
60c
27c
25c
27c
1
36c
34c
36c
2,800
1.80
1.80
2.05
10,285
1.56
Chromium Mining
& Smelting-
•
1.30
1.55
700
1.15
Citralam
Mines
42c
55c
178,200
20,425
34c
Jan
46c
1,950
30
Jan
35%
Feb
20
20
21
20
Apr
23'%
Jan
20%
20%
21%
84
19%
Apr
25%
Jan
90
90
90
50
85
10
19
19
19Vt
1,065
18 Vs
Jan
14%
14%
15
3,465
13%
Jan
15% Mar
12%
13
1,640
12'A
Jan
13%
8%
8%
500
1.40
1.27
1.40
17,025
28 Vs
27'A
43'Ac
3.80
1
3.75
3.90
13
Co.
13
13 >A
690
72c
63c
73c
70,654
Jan
2.42
Apr
1.55 May
50c
__
5
•
»
Mills
85c
17,300
Jan
3.95
12% May
13%
73c
Jan
50c
May
1.95
..
'
1.95
100
1.68
4,300
15
15
120
14
May
70
4,585
49
Jan
69%
68
100
10
147%
147%
148
48
•
1.40
1.25
1.42
12,985
=*
*
*
»
75c
43c
1.53
1.58
.5
5
1
2.94
Apr
26
1.63
1.10
26
5
1.56
1.65
9,100
1.10
1.10
260
1.33
1.45
Jan
Jan
68c
Jan
M
Mines
•
1
Apr
see
page 2256.
Jan
Apr
8
Jan
9%
Jan
71c
Jan
1.40
Apr
920
28'A
28 Vs
May
21%
Feb
106
Feb
104
104
104
5
38%
38 %
38%
3,504
31%
Jan
38% May
23'A
231/4
23%
"2,045
21%
Jan
24'/a Mar
III
Mining
1.30
1.30
1.46
9,800
15 %C
15c
16c
27,500
10c
Jan
18c
103
Apr
1.60
1.30 May
Apr
Jan
»
33c
30 %c
37c
39,500
25c
Mar
39c
Feb
10c
7%c
13c
47,900
3c
Jan
13c
Apr
Jan
3c
Jan
92c
1.09
257,900
78c
Apr
1.35 May
14
14Vs
6,045
11%
Jan
147/a May
46c
4,230
13c
12c.
92c
1
Mines.
14%
Labrador
Mining
1
1.02
1.29
10,550
1.40
1.26
1.44
104,690
25c
22c
25c
4,600
4.20
3.15
4.25
1.20
1.15
1.30
9,100
18 %c
—
1.20
1
Townsite
1
Lake
Kirkland
Apr
5'Ac
43,915
37c
14c
Quebec
Kerr-Addison Gold
Kirkland Hudson
Apr
18c
Jan
24,397
37c
1
_3
52c
28c
15c
8c 12 %c
\
I..1
...
Mines
17c
19c
76,800
23%
23%
24%
585
50c
1.00
14C
12 %c May
1.30
Jan
Apr
1.44
Mar
May
30c
Jan
Mar
May
Jan
May
May
2.25
Jan
&
Exploration
Lake
Shore
Gold
i
Ltd
1
39,460
2.35
4.25
Jan
May
"
Lake Dufault Mines
Mines
Mines,
Ltd
:
1
1.60
1.05 Mar
13c
Apr
17 Va
Jan
.
23c
Feb
Apr
24 3A Mar
Apr
1.74
1.21
23
Jan
Jan
1.50 May
60c
Jan
70% May
149%
1.92
Apr
1.10
8.90
8.30
8.90
1,327
6.15
Jan
9.15
*
18
18
18
25
153A
Jan
18 '/2 Mar
1
20c
18c
22c
67,100
9c
Jan
22c
Apr
3
17
16%
17
385
Jan
17
Apr
Lebel
1
8c
6'Ac
8c
40,400
Jan
10c
Apr
.1
1.38
1.35
1.43
11,350
44c
38c
45c
58,000
•
1.54
1.48
1.59
18,690
1.23
Jan
*
27 y4
2 6 3A
27%
287
26 V4
Mar
1.70 May
28
Jan
14c
3,500
12 %c
Jan
17c
1.50
1.90
1,600
1.15
Jan
2.00
•
25%
25
25'A
25
Mar
27
1.63
1.55
89C
Jan
2.09 Mar
-
16
Feb
1.60 Mar
27
Lamaque
Gold
Mines.
Lang & Sons_,,__
Lapa Cadillac Gold Mines—
Laura Secord Candy
145% Mar
16
13 %c
1.90
May
•
Consolidated
Oro
Mar
Leitch
Mar
Lexinden
Apr
Mar
May
Mines
Gold
Mines, Ltd
Gold
Little Long
Loblaw
Petroleum
19 Va
"~";t
Lake Fortune
*
♦
*
9,675
32c
90
Mar
Mar
*
Mining
Kirkland
1
—1
Apr
46c
Mar
Jellicoe
Imperial
1.09
1
Uranium
Mines
Jan
Jan
Pershing Mines
4.30 Mar
43c
100
;
Mines
1.89
Aircraft
13Va May
Mar
•
A
Jacknife Gold Mines
1.00
1
Feb
25c
1
International
Apr
1
Apr
Mar
100
common—
May
3,200
Croinor
20
33%
45c
*
Apr
6
12,310
Cosmos
Jan
Jan
1.02 May
42c
A
;
25%
1.23
Consumers Gas (Toronto)
Conwest Exploration
3.05
Jan
32 'A
*
Oil
Jan
2.70
Mining & Smelting
10 Vs
Jan
•
class
iviay
1.15
Consolidated
May
20c
43 %c
33%
1
Jan
2.50
Bakeries
Apr
83c
71c
80c
International Nickel Co common
International Petroleum
2.67
Mines..-
1.23
54'Ac Jan
»
Ltd
2014
Chesterville Larder Lake Gold Mines
Feb
Apr
500
82c
Mines
International Metals
1
Consolidated
65c
20c
:
Lac Gold Mines Ltd
Groceterias
class
Class "B"
Louvicourt
...
Goldfields
A
1
1.70
95
21,900
3c
1.15
35c
Jan
Apr
1.50
45c
,
Apr- V
6,000
37,600
16c 17 %c
Inspiration Min & Devel
1.15
Coniagas Mines
Mar
Feb
90c
15c
May
...1
Commonwealth Petroleum
8
Apr
Jan
425,800
3.60
13%
Imperial Tobacco of Canada ordinary_5
Inglis (John)
6
—1
Lake
Apr
68c
5%c
Apr
Mar
12c
1
Imperial Bank of Canada.
Cariboo Gold Quartz Mines.
Mines
6Vs
77/a
17
49c
17c
Class B
Castle Trethewey Mines
Gold
Feb
Mar
95c
1
Gas
Preferred
20/
1.14
15
*
'Canadian
Boxes
158%
135
7
45%
345
*
Canadian Food Products
Willans
6%
16
40c
34c
Bay Mining & Smelting
Imperial
195
164
100
;
Apr
Apr'
4.00 May
Jan
29
24c
15c
Jan
83c
39c
Mines
Gold
Jan
Jan
76c
May
19%
17%
.
Feb
5c
3.10
17
»
Oil
14%
Jan
Paper.
Hollinger Consolidated Gold Mines
12%
common
Research
Ve
10c
*
Home
13
May
*
Porcupine Mines...
11
Jan
Feb
95c;
83c
46c
Dauch
545
26
25
Mines
Jan
6%
3c
460
16%
12c
Mascot
Hudson
Gold
8%
79,600
3.85
12 %c
Cadillac
•
Ry
17c
9c lO'Ac
6%
Mines
Mines
Highwood-Scarcee Oil
14%
'
15c
3.85
7
Gold Mines
10
20
10c
16'A
Hasaga Mines
380
•
1
Gold Mines..
26
Feb
16c
*.
3.85
Gold
Gold
24
23
Apr
5
Bridge Co.
26
•
Mar
5 Vs
Mines
Mar
44
13%
14
13%
—
57
16'% C
25%
Jan
Jan
170
'
4%c Jan
.101% May
4%
Harding Carpets
Hard
Heva
.*
Apr
53% Mar
5Vs
Ltd
Halcrow Swayze Mines
Harker
68'%
*
2.15
90
Jan
May
30c
130
170
25%
Hamilton Cotton
13%
1.80
100
com
4%
101 101 %
*
common
Hallnor Mines
6.50
*
Pacific
vtc
Mines
21
6
common..
1.36 May
8c
Apr
*
45c
69%
common
Canadian
54
-
50c
•
Alcohol
54%
1
Paper
21%
—
Industrial
101%
Common
2 'A
Lakes
Homer
Celanese
*
Bousquet
Jan
20'%
7%C '
50
common
—
2%
common
19c
25Vs Mar
Mining
23%
A
;
For footnotes
Mat
24c
1.24
49%
Davies
28c
Jan
17 %c
•
Commerce
Delnite
Jan
1
*
*
Mortgage
Canadian
Cub
Jan
9c
3%c
1
Mining
Porcupine
73Vic
.
Foundry common
preferred'
Coniaurum
Jan1
11%
Goldhawk
24%
50
Plow
Apr
Mar
Golden Manitou Mines
*
Preferred
Coin
6.50 Mar
7'A
17
105
Apr
Apr
preferred
Cockshutt
Feb
Mar
*
;
Malartic
Jan
Mar
45c
May
May
Power
Canners
Cochenour
5
15
101%
Apr
32c
42c
Canadian Car &
Central
Apr
Feb
Jan
*
preferred
Chemical
12
100
105
Jan
—100
Patricia
Apr
23,120
27,400
Mines
Feb
May
May
6,85
7.40
Feb
9.25
12c
25%
Preferred
Central
10%
1
Mines
Eagle
May
May
15%c
*
common...
Breweries
Canadian
7V»
Jan
_50
Canadian
Canadian
97
100
6.10
7.00
Gold
•
—
Dredge
15
25
59c
1
Lake-Porcupine Gold
God's
77c
355
Gold
May
Jan
99
Goldale Mine
Glenora
24
11%
15%
Jan
Feb
11
71/4
15%
4% May
1.50
21
7,000
Jan
Gillies
Feb
65
May
29% May
4,365
9
1
Bank
Canadian
Jan
Apr
Jan
65c
55c
1.30
75
—
Steamship Lines
Canadian
Jan
15c
3Vs May
1.00
6.50
12
11 Vs
88,700
common
Canadian
New
24
59c
Mar
1
May
54c
-
Canadian Wire B
1st
Jan
Feb
4'A
75
24%
6.10
Mar
Giant Yellowknife Gold Mines
Apr
166
100
2,010
104% 104%
*
*
common
140
1.00
99
100
*
Preferred
Conv
Apr
5 Vic
102 102%
100
Gypsum Lime & Alabastine
;
Canadian
39'A
Jan
37,610
....»
A
Permanent
Canada
3'A
42,400
.----V
Class B
59c
100
Wares
2%
;
Northern
Canada
10,946
29%
27%
24
*
—
43c
Gold Mines
class
Packers
Jan
6.25 May
Jan
37
65
3'A
1.00
29%
Mines
Apr
112%
3 %
*
class
Co
"l
Preferred
Canada
12c
*
2%
Extension..
Canada Cement
12c
1
common
Canada
50c
Calmont Oils
Canada
11c
Mining
Gold
17'A
_•
Class B
B
700
69
Aircraft
Co
^•
Products
Calgary & Edmonton
Class
245
3%
69
Exploration
•
Packers
Power class A
Buffalo Ankerite Gold Mines
Canada Bread
28
Jan
25c
*
& Co.
38
3%
4.30
38c
%
Broulan Porcupine Mines, Ltd.
Burns
Jan
Apr
Apr
21c
__
Hill
23
'
Frobisher
25
B
Bunker
37%
*
Francueur
•
__
-
British Dominion Oil
Building
38
Shops
10
7%
30
Feb
1.20
2.23
35c
Oil
Columbia
Class
3,060
Apr
Jan
Feb
May
37c
1
l^td
Mines,
American
British
6.15
common
Preferred
British
24'A
6.15
35%
6.75 May
15'A
22c
Mines
Brazilian Traction Light & Pwr com.
British
24'A
5.50
—
*
100
Grain
Golden
Gold
16c
34c
75
100
38
53c
406,985
>104,300
8
Jan
May
9
104,100
41c 47'%c
Feb
May
1.55
Jan
9.50
9
1.00
90c
Jan
Apr
36%
■
Apr
Apr
3.05
Mar
70c
10
Jan
2.40
21c
14
95c
250
161
2.26
2.50 Mar
38c
36%
—
300
10%
Feb
Apr
Jan
.
Jan
May
15%
Jan
85c
1.15
8
17
10
Jan
22c
1.03
Mines
Gold
10%
10%
8'/a
Jan
11c
70
2.80
1.15
458
58,250
92,800
Jan
May
Jan
7%
8,515
2.81
166
—
Bobjo Mines Ltd
Bonetal
18c
164%
*
common
1.48
14c
10%
__
1
.
Hats
Ribbon
Blue
1
Mining
Mines
1.10
18c
Feb
2.35
28
165 Vs
Jan
98c
241,410
Federal
1.90 May
40
.100
Apr
28%c Mar
Mar
17%
Feb
1.15
2.93
Preferred
4% May
24'Ac Mar
1.52 Mar
920
213,470
6.75
Fleet
1.55 Mar
9%
1.60
1
Preferred
Bell Telephone of Canada
13
9'A
1.40
•
Mines
Fleury-Bissell
*
preferred
380
9%
15'A
Jan
29%
—
14
5.85
Jan
65
—
15%
665
Mar
60
Mar
15'A
30
38%
•
17
15
Feb
7
6i05
30%
38%
A
16%
15
14%
2,148
15'A
Fanny
Apr
14c
17
•
1.45
Co
Falconbridge Nickel Mines
May
16%
May
7%
1
Economic
Jan
Jan
-100
Brothers
2nd
16c
—*
17
17
7
*
Elder
Apr
13c
4%
25
17
360
13c
Apr
1.90
29
4%
£—"
class
Power
Beattie Gold Mines
Beatty
—*
common—
Mar
Jan
1
Ford
Barkers
27
25%
*
common
Oil
Sullivan
Federal
Bagamac
30
Feb
1,479
19
Feb
1
Mining
Crest
Eldona
1.03 May
Jan
—
Aumaque Gold Mines.
Apr
24%
•
Mines
English
Aubelle Mines Ltd
28%
common..*
Chemical
Eastern Theatres
Apr
1.03
11c
19'A
10
1,120
7%
Eastern Steel
Mar
22c 23 Vie
70c
Feb
30
25%
42%
East
May
44c
24,700
19,300
1
18
30
25%
3%c Jan
750
East Malartic Mines
Feb
23c
—1
Mines
East
May
17c
1
Yellowknife
18%
25%
_25
1
&
Dominion Woollens
Mar
7.60
24c
Ashley Gold
Astoria Quebec Mines
Atlas
90c
18%
8,000
'
Mar
Jan
452
81c
•
B__
Stores
Dominion
1
Gold
Armistice
85c
7,700
28'A
*
class
Mar
18%
1
Ltd
Mines-
Gold
87c
9.20
27%
*
com
Malting
100
1
Mines
Gold
Area
Arjon
Oil
82c
8.50
85c
*
*
1
Huroniari
High
8c
59 3 i
Jan
Duquesne
Anglo
Anglo
10
Steel
Low
7c
57%
27%
Ltd
Dominion Foundries & Steel
Dominion
Range Since January 1
High
59%
common.
Dominion Dairies common
Apr
Dominion
Aldermac
Low
—1
Seagrams
Dominion
Feb
50 Vi May
May
7Vic Jan
Dome
Mines
High
3%
2% Mar
47
1,975
3,500
Gold
Distillers
Range Since January I
High
50y4
*
?
Denison
May
Feb
Apr
Feb
'
THE
J2254
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
LISTED MARKETS
CANADIAN
RANGE FOR WEEK
ENDING MAY 18
Friday
for Week
of Prices
Shares
1
4.25
4.25
4.30
3.10
3.05
3.25
___1
2.78
2.70
2.80
1
3.80
3.75
3.90
7%C
5%C
8c
20%
20%
11%
Manitoba & Eastern Mines
*
Maple Leaf Gardens common.,:
Preferred
common
Feb
20 % May
10
Feb
11% May
8c
Jan
7,742
8%
Mar
24
23%
24
1,100
21%
Jan
10%
130
106
106
8%
20
1
—.—1
1.65
1.60
1.73
10,290
7c
7c
8c
10,500
1
"
32c
27c
35c
60,258
35c
33c
39c
72,450
———*
13
13%
135
Gold
Mercury Mills
—-
Oil
Mid-Continental
&
1
•
•
...100
preferred
Knitting
Monarch
preferred
New
_—
Porcupine
Moneta
Montreal
Moore
Corp
&
Heat
Light
common.,
B
Class
Power
——
Jan
Feb
12
Feb
107
18c
Jan
67% Mar
1.35 Mar
Elevators
Toronto
May
1.85 May
Traders
A
Finance
Union
Mar
United Fuel
Mar
United
Oils
United
92
Feb
130 % May
85
May
Class
:
common
Jan
25c
20c
25c
127%
130
86
85
86
260
80c
76c
85c
20,410
22%
22%
23%
742
20% Mar
60 %
59%
60%
973
57
Jan
360
360
360
24
360
May
26c
30c
10,400
Petroleum
National
Jan
17c
Jan
53c
20c
\
i
■
Bidlamaque
New
Jan
25c
May
24%
Apr
,60% May
Northland
Malartic
West
Western Grocers
Western
Preferred
Ltd
223/4
Feb
26
Jan
20
Gold
O'Brien
1.62
1.75
14,300
60c
64c
61,650
2.70
2.85
1,125
53%
53%
902
69c
66c
70c
22c
21 %c
25c
1.32
1.32
1.35
6%
6%
7
5
Jan
7 3/s
6
6
6
420
5%
Jan
6
3.30
3.50
44C
46c
30c
34c
48c
51c
18,235
1,770
46,800
19,713
7%
10%
170
8
10%
115
89c
Apr
12%c
Jan
29c
1.10
Jan
2.26 Mar
Paymaster Cons Mines
Jan
58c
Jan
6
Jan
18c
67 %C
Apr
62c
May
29,800
470
Feb
3,000
50c
Mar
112%
110
1.68
15.335
35c
41c
112,967
8c
42c
51c
48,600
28c
Mar
64c
Apr
Feb
15c
May
Jan
65c
Apr
9%c
15c
137,800
52c
57C
41,450
37c
100
5%
Jan
5%
Apr
1.70
1.06
Jan
1.75
Apr
20
35
11,255
85c
82c
6,800
5.80
9,000
90c
27,800
Feb
18
20
May
Jan
Jan
4.35
79c
4.00 May
6.75 Mar
Apr
2.40
l.OO Apr
Mar
25c
46c
38c
41c
19%
19%
1,855
16%
Apr
1.60
1.56
1.70
5,500
98c
Jan
2.00 May
1.35
1.35
1.43
6,600
81c
Jan
1.65 May
7%
7%
150
7
Apr
*
Corp
—
1.80
1.76
1.70
1
15
15
—1
3.10
3.05
3.25
13
13%
1
Premier Gold Mining Co
Metals
6,150
160
-
Dome Mines
•
Proprietary Mines
11,101
700
1.15
Jan
13% May
9
Jan
1.98
Feb
16
3.40 May
May
Flour Mills
50
50
2,500
36c
Mar
60c
20c
21c
12,100
15c
Feb
40c
6%
6 %
6%
220
42%
common
43
220
2.400
Preferred
—1
—*
1
Gold
class A
Roche Long Lac
1
10
*
Merger Gold Mines
Royal Bank
Royalite Oil
——
95c
1.00
1.06
1.12
10,340
10 yB
—•
98c
1.06
1
Quebec Gold Mining
Queenston Gold Mines
Quemont Mining
8.80
10%
90,480
17c
27,%
Jan
30
Apr
290
16% May
18
Mar
43
St Lawrence Corp class A
Paper preferred—
St Lawrence
San
Antonio Gold Mines
Ltd
Sand River Gold Mining
Scythes
Ltd
new
43
Ltd
Silknit
Preferred
common
_
_
_
—
—
—
—
__
19c
25c
Jan
17
Feb
Apr
21
105
19%
Jan
22% Mar
Feb
31
31
30
31
145
28%
18%
19%
130
18% May
213/4
62
62
62
65%
4.70
4.60
4.75
3,782
10c
10c
14c
21,500
Gold
Biscoe
Apr
Jan
16%
Feb
29,200
3c
Jan
77,000
17%
18
250
13c
15c
2,953
76
74%
123/4 May
1.45
18
17c
Apr
Mar
Apr
72c
13,847
65C
Jan
170
3
Feb
31%
31%
105
30
Feb
33
Apr
11
11%
238
10
Apr
13
Feb
10
183
9
May
10 %
Apr
10
19
18%
19
575
14%
13%
15%
2,042
100%
100
101
192
80c
74c
90c
137,880
South
Malartic
End
Springer
15%
10%
100
58c
Feb
Feb
Mar
Jan
82c
Mar
19
May
15 % May
101
90c
Preferred
Mar
64c
Jan
9c
Apr
Jan
1.84
Feb
Feb
4%
Jan
35,000
9,700
4%
4%
4%
175
3%
14
14
200
14
May
15
May
15
15
50
7
May
8
Jan
— -
_
_
-
*
Standard Radio
—
Canada common
For footnotes
see
page
2256.
•
79
71%
79
35
•
Co of
Bleep Rock Iron Mines
Mar
79 %
21
Apr
22%
Feb
1.48
1.55
18,950
1.20
Jan
1.77
Mar
1.11
1.20
15,825
1.05 May
1.63
Feb
132
5
128
Jan
145
Feb
155
155
20
145
Jan
155
May
18
18
15
2.75
2.72
2.96
13,260
15%
Feb
18%
Jan
Mar
20
19%
660
18
Jan
101%
186-
99
Feb
101 %
Feb
37c
110,500
8c
Jan
41c
Apr
8
Jan
19
19%
101%
26c
31c
1
7
6%
7
1,339
6
Apr
17%
17%
17%
50
16
Apr
4.30
4.25
4.45
3,185
3.30
18c
m
common
:
—
"lis
17% May
13%
common..———
Feb
4.60
Jan
20c
18,000
33/4C
Jan
14
200
93/4
Feb
14
35
$2,000
Feb
25c
13 %
19C
May
Jan
35%
32% Apr
Exchange-Curb Section
Funds
Canadian
Range
Sale Price
Paper com—*
——100
Co
Brown
——;—_—
common
Preferred
Canada
—,
Marconi
Canadian
—
Consolidated Paper
DeHavilland Aircraft
Disher
common
preferred
Steel
Foothills
,Oil
Steel J.——
Langley's preferred
—
—
r
Hayes
Minnesota
&
Ontario
Bros
Reliance
Grain common
Invest
Southmount
Temiskaming
Jan
13%
155
11
Jan
3%
4,735
2
Jan
3% May
8%
3,994
8
Jan
9%
1,860
28c
Jan
67
20
160
600
.
67
May
15
Apr
Jan
Jan
40c
2% Mar
3'/a May
Feb
32 % May
29
1.28
Jan
1,58
Feb
15% May
21
Apr
22
27%
Jan
36
Feb
1,100
12%
Feb
14%
Feb
24c
Feb
225
1.20 May
1.20
554,500
1.60
4,470
34
34
200
34
May
34
May
18
500
18
Mar
18
Mar
26c
May
1.30
Jan
1.64
Apr
25c
26c
125
21c
Apr
100
100
40
55
Feb
100
May
45
25c
45
10
41
Feb
45
May
7%c
Jan
19c
T-
1
Mining
45%
18
*
Supertest Petrol ordinary
300
41c
1
Stop & Shop
Jan
3.65 May
1.56
62c
1-60
.
common——
139
Jan
1-35 1.45
15%
17
31
31
12% 13'A
17
31
13%
1
1
———*
*
*
Oreille
Price
r-
—
Paper
L-,
Osisko Lake
Pend
'
Jan
46
Apr
37c
38c
3%
3%
32 32%
„
—
*
—*
—100
May
2.25
13%
3%
8%
38c
—
35
130
13,490
58
—
3%
8%
55
40
3.65
67
•
——*
*
Oil
Dalhousie
3.65
*
1
*
Vinegars
3.15
High
Low
37
131
,
1
Range Since January
High
36
130
37
■—
.
-—1
TOO
—
Shares
Low
Par
Preferred
for Week
of Prices
Last
British Columbia Pulp &
Sales
Week's
Friday
..
14c
„
9,150
13 %c * 15c
Apr
Montreal Stock Exchange
Funds
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Acme
Glove Works Ltd
i._*
Agnew-Surpass Shoe common
Algoma Steel common
100
68
2.40
Feb
Jan
23
■
90
Jan
100
May
75
20
Jan
23
May
19
Jan
15
15
15
485
14%
Jan
112
115
410
94%
Jan
117% May
*
113
105
100%
Jan
105 % May
Canada preferred—100
Amalgamated Electric Corp—
—*
104
225
*
Ltd
Aluminium
Asbestos
*
Corp
•
100
•
& Paper class A
Co of Canada
Brazilian Traction Lt & Pwr
Bathurst Power
Bell
Telephone
Columbia
British
Class
Power Corp
104
13%
13%
13%
185
13
Apr
15%
Jan
23%
24%
1,070
20
Mar
24%
24
Apr
14%
Jan
*
Building Products 'A'
Bulolo Gold Dredging
Canada Cement common
Preferred
class A
Iron Foundries common
Canada Forgings
Canada
165
*
—5
Preferred
Northern Power
Steamship common
preferred
•
100
—*
*
*
*
*
50
Canadian Breweries common
Preferred
Canadian
Eronze
common
Canadian Car & Foundry common
New
preferred
Celanese common
May
Canadian
Cottons
Canadian
Foreign
common
Investment
•
*'
—*
.•
25
•
*
•
820
244
* 166
24%
25%
22%
24%
22%
3,887
161
Feb
22%
Feb
Jan
17%
166
Feb
May
25% Mar
23%
Feb
50
21
11%.
11%
100
11
Jan
12
21
21
21%
560
18%
Jan
21% May
23%
23
24
800
17
2 %
—-*
Bruck Silk Mills
16%
16%
16%
166
"A"—*
B
3.38 Mar
79
High
Low
40
100
22
100
6%% pfd—100
Range Since January 1
High
Low
Par
Canadian
Bteel
69
395
*>
2% May
,
2%
Jan
24
Jan
10%
Feb
Jan
May
Jan
121
61
119%
Feb
123
Jan
21
21
75
20
Jan
22
Jan
15
15
40
15
Feb
16
Apr
10%
21
1,090
120
10%;
9%
10
10%
10%
10 %
730
Jan
12
Apr
8%
8%
555
7%
Jan
10%
8%
Jan
13%
592
11%
Jan
13%'
13%"
13 %
44%
44%
45
286
40
Jan
46% Feb
12%
12%
13%
50
50
270
44%
Jan
50
50
11
38%
Apr
40% Mar
Feb
3c
1.25
18.350
*
_
50c
60C
1.60
•
Standard Paving common-
165
„
-
Canada
8%c
57c
Apr
Apr
76
21%
132
>
May
1.45
8C
Apr
5.10
1.12
Toronto Stock
Canada
7%c
58c
32c
Feb
35
Mar
1.48
•
...
Jan
4.60
1.50
4% May
*
—1
Mines
Petroleum
Sturgeon
16% Mar
—
5%
Sladerj
Jan
Jan
21%
Jan
Jan
Mar
4%
1
Mines
4.90
18c
Feb
65c
100
.'
May
4%
*
preferred
Jan
31c
100
1.00
,
—:
4%%
New
May
4.05
5%c Jan
12%
123/4
Jan
2.60
12c
90,900
4.75
STOCKS—
15
10
5%
12
4.60
10% May
Apr
88c
•
Class "B"
1,702
Friday
Jan
_
Simpsons Ltd class "A"
14
Canadian
18c
19%
*
Preferred
13%
4.70
Feb
65c
1,430
—
1.85 Mar
1.39
Jan
123%
40
6,350
1.15 Mar
36%c
16%
Dairies common-
2.30
Apr
28c
16%
*
Silverwoods
2.10
Jan
1.00
Jan
16%
70c
Apr
43c
10c
19c
89c
I
3%
Jan
13,500
17c
23.900
5
1,040
101%
May
55c
14c
Mining
Fherritt-Gordon Gold Mines
Mar
4%
May
12%
Shawkey Gold
11c
4
Jan
10c
50c
__
Mar
Feb
2.20
1
1
—*
100
*
•
.
May
33
51 %c
*
46 %
8c
Mar
Jan
85
1
Shawinigan
Apr
1,200
43%,
.
41
Jan
7,100
33
*
common
Ltd—.
Senator Rouyn,
150
10c
4%
Aluminum Co of
10
50
100
1
1
Russell Industries common
44
10c
43%
Apr
73/4
30
10c
21
6% Mar
4%c
9c
33
9c
150
17
13% May
50
Purdy Mica
Apr
Jan
2.45
11
Feb
20
21c
Prospectors Airways
Silk
May
38c
19%
Gold
Voting trust certificates
East
May
7,140
3.85
5.55
41c
5%
3.70
5.55
Jan
4c
20
Co
River
Rouyn
Feb
1.75
1.55
3.80
Porcupine Peninsular
Porcupine Reef Gold Mines—
Powell
Jan
1.19
115% May
43c
—_
Powell
Feb
99
39c
5%
Feb
93/8
29%
•
Feb
1.60
1.60
Feb
14
17
STOCKS—
62c
1.70
1,775
May
Bonds—
Uchi 6s
Mar
11
Jan
113
Securities—_—
•
Perron Gold Mines
—.——I
Photo Engravers
*
Pickle-Crow Gold Mines
—,—-1
Pioneer Gold Mines of B C
1
Jan
8
8%
93/4 Mar
9
60c
Credit
11
29%
Apr
62c
54c
_
Knitting
Apr
68c
56c
14 %c
5
^
Feb
8%
Girl
Yankee
Feb
39c
Jan
62c
Ltd
12
Feb
3.15
Jan
1.60
*
Ltd
Worts com
Products
Apr
Jan
58c
•
1
1
.1
1
44,450
Feb
3.90
34c
10C
Mines Ltd
Apr
10
1.95
May
Feb
22c
48,030
113
17
173/8
Anr
17%
1.63 Mar
42c
•
,
20
Apr
63c
16C
Mines
Partanen Malartic Gold Mines
Rouyn
Apr
Feb
4RC
Apr
29%
'Wright Hargreaves Mines
York
Jani4
17
8 3/4
1
common
Combing
Ymir
Apr
24 %C
Apr
13c
Paramaque
Riverside
20c
20c
7c
15c
Pandora Cadillac
Reno
Jan
6%c Jan
——*
1
—•
_
Jan
1.65 May
6,700
6,060
191,800
7,645
2,900
10%
Pamour Porcupine
Purity
1.00 Mar
2,100
8
Page Hersey Tubes
Preston
3.00 Mar
49c
—,
Wool
Apr
30% May
130
Feb
12
50
*
•
common
Electric
Winnipeg
55%
15c
Oils
Pacific Petroleum
Feb
Feb
13c
—...
&
4% % preferred
Apr
Jan
2.35
50
31c
Pacific Oil & Refining—
Pressed
1.85
75c
14 %c
—
Preferred
Power
Jan
3.05
111
1.73
1.80
—*
Wiltsey-Coghlan Mines
Jan
1.26
39c
33,700
Orange Crush common
Peoples
17% Mar
18c
Gold Mines
Pacalta
1,359
1.40
O'Leary Malartic Mines
Omega
107
19
15c
Mines
Oils
Okalta
177
Jan
24%
18%
3.35
——
6,100
.
Steel
Westerns
—*
*
•
5
North Star Oil common
37c
—.—
Apr
1
Mines
Canada
Northern
Feb
•
Jan
*
....
28%
17%
Preferred
12c
46c
Mines
Jan
34c
Wasa Lake Gold Mines
13
1.26
Ltd
Corp
Mining
Normetal
Mines,
Feb
12% May
15c
Mines Ltd
Norgold
Mar,,
20c
Mar
30c
1.30
Oil
Nordon
10
90C
17%
.
Walker-Gooderham
10%c
2.70
Malartic Mines.
Norbenite
30,600
21%
35c
Jan
21% May
80C
17
13%
May
360
5.60 May
88c
67c
2.25
Jan
17%
Jan
Jan
76c
Oils
Waite-Amulet
Feb
1.10
Apr
3.50
51c
10
—
Ventures, Ltd.
Vermilata
15
21%
6.90 May
500
53%
Mines
Noranda
13,810
545
Upper Canada Mines Ltd
600
62c
Nipissing Mines
200
5.25
125
1
12c
24%
Mines
17%
5.15
—»
A
—.
12%
19
•
National Steel Car
Negus
163/4
Apr
*
_
12c
.*
17
5.20
2.30
"A"
class
Preferred
1.70
National Sewer Pipe "A"
3.4Q May
•
121/4
*
__25c
Jan
130 % May
1.99
130
I
Grocers
2.45
,
B
■
National
4,050
1
common
Steel
6.90
3.40
,
30%
Corp class A
May
Apr
3.25
30
Gas Co
United
39c
34c
3.30
*
14
Jan
4.05
*
45c
17c
Jan
125
City Rapid Transit common
Jan
136,300
3.00
1.50
Twin
16c
Jan
May
3.05
42,098
Transcontinental Resources
8c
12%
May
3.45
100
—,
Jan
22%c Jan
May
15c
173/8
rights
4%c
Apr
17
36c
Jan
2.10
common
Trusts
General
Toronto
Feb
Feb
43/4C
*
Gold
Toburn
153/a
20c
6,700
•
1,797
3,810
—
Towagmac Exploration
Apr
33,982
5,100
1,419
6.70
.,1
Mosher Long Lac
24%
21c 27%c
25 %c
Oils
Model
May
6.00
•
*
1
100
100
Gasi.
Corp
Mining
13
11
8c
10
Mines—
Apr
15 %C
59%
29,950
Lake
Jan
May
105
63
Mines
Tip Top Tailors common
2,360
18c
Red
Thompson-Lund Mark Gold Mines
■11
63
Gold
Feb
Feb
13 c
10c
Gold
16%
20
10
63
McWatters
Jan
12c
75
10,400
14c
*
Tamblyn
(G) common
Teck-Hughes Gold Mines
Apr
11
17
35c
——_1
Bylvanite Gold Mines
12
65
340
17
33c
12 %c
17
33c
1
_1
.
Mines
Cons
High
Low
1
•
*
11
preferred-River Gold Mines_^
17%
13
19%
10%
Apr
15%
13
10%
9c
15
12c
McMarmac
Bulhvan
10
*
McLellan
4.15 May
Jan
5
Mines
Jan
1
Range Since January
High
Low
—*
-1
Sudbury Contact
19
100
Lake
2.85 May
2c
Mcjntyre Porcupine Mines
Red
Jan
3.25
McDougall Segurs Exploration
McKenzie
Sturgeon
12c
•
Oil common
Preferred
Stuart
3.40 May
19%
*
1
*
20
Preferred
McColl Frontenac
4.50 May
13
comunm—,—
Maralgo Mines
Massey'tiarns
11%
10
.
Mapie Leai Mining vo
Preferred
Jan
Jan
2.17
106,800
Fields
Gold
Oil
3.85
2.25
3,100
9,175
11,550
7,200
*
Mines—
Gold
Lake
Red
Malartlc
of Prices
Shares
Par
High
Low
High
Low
Par
Madsen
for Week
Sale Price
STOCKS—
1
Range Since January
—1
Ltd
Mines,
Macassa
MacLeod-Cocksfcutt Gold Mines—
Sales
Range
Sales
Range
Sale Price
STOCKS—
Week's
Last
Week's
Last
Friday
6,355
8%
Jan
Feb
13'A May
May
39
39
11
11%
1,335
10
Mar
13
11 %
29
29%
360
28
Apr
30
29%'
49
50 %
245
46
Jan
50% May
27
27
50
26%
Jan
27%
45
46%
35
33
Jan
1
—
—
47
Jan
Jan
Mar
Mar
/
Volume
161
Number
4387
THE COMMERCIAL
CANADIAN
RANGE
Week's
Friday
Last
STOCKSPar
Canadian Ind
Alcohol
Low
—*
common,
Canadian Locomotive
MAY 18
Low
6%
570
14%
6%
1,055
17%
15%
Friday
Range Since January 1 *
High
11,998
6%
17
15
MARKETS
ENDING
Sales
Shares
16%
6%
•
25
Canadian Pacific Railway
Cockshutt Plow
LISTED
WEEK
2255
for Week
Range
of Prices
Sale Price
FOR
& FINANCIAL CHRONICLE
Pa
Apr
7%
Jan
17%
Jan
15%
Apr
British
Feb
13
13
13%
Consolidated Mining & Smelting
5
69%
68
70
2,784
49
Jan
70
Consumers
May
•
39
37%
39
690
33
Jan
39
38
38
10
38
May
42
Jan
59
57
59
230
42%
Jan
61
32
32%
445
29
Feb
11 %
11%
145
11% Mar
32% May
12% Jan
Crown
Cork
&
Seal
Co
*
12%
Apr
13%
Jan
com
•
Dominion
—
25
Dairies
*
common
Oil
Co
25
25%
890
23 %
Jan
25 %
Jan
37
37
37
45
36%
Jan
45%
Jari
3.60
3,10
3.60
12,863
65
65
65
335
45
Jan
65
106% 106%
85
105
Feb
107
Ltd
Co
common,
Stores
9%
Jan
i2% Apr
Canada
110
27 %
Jan
31
May
Canada
25%
25%
120
25
Jan
27
Mar
5
161
Jan
162
May
Products
Power
9
102
105
Hudson
Bay
Jan
10%
Jan
12
_
105%
190
of
Can
_
_
14%
9
common
_
6%
95
13%
715
1,075
21
33%
14%
12%
Industrial Acceptance Corp common—*
'
„
27%
100
695
14%
i—m'
104
6%
Jan
105% May
6% Feb
11
Feb
Feb
7%
Jan
13% May
Jan
30%
13%
12%
215
7%
500
27%
Jan
17%
Mar
1,646
24
Feb
Jan
35
Mar
»
common
Canadian Westinghouse
Commercial Alcohols Ltd
Preferred
Jan
13%
Apr
7 %
Feb
7%
Jan
Dominion Woollens
Donnacona Paper Co
Apr
Fairchild
24%
Jan
27%
Aircraft
Preferred
Int Nickel of Canada common
International
Paper
•
lis
common
Preferred
—
International Petroleum
International
Power
__
Co
39
32
•
100
_
Preferred
Utilities
Pub
Serv
29%
Jan
32% Mar
Fleet
Aircraft
39
2,490
31%
Jan
39
May
Ford
Motor
32
4,494
21%
Jan
32
May
104%
101
23%
830
21%
30
27%
30
150
111
112
101
33
33
49
12
12
130
104
Mar
18%
97% Apr
23
*
common..
31%
35
28%
———
Ltd
May
101
.100
International
Jan
16
23%
•
common
101
104%
s
Ltd..
10
255
104% May
24% Mar
Jan
27% May
108% Jan
the
Preferred
Lang &
Laura
Woods
Milling
26
'
Ltd
Secord
(John
A)
35
112% Mar
Jan
35
May
11
J an
12
Feb
•
Preferred
Montreal
.—
Ht
Lt
&
Paint
National
Cons
Pr
_
Noranaa
Steel
15%
Feb
10%
11%
10 %
325
24%
255
75
135
135
•
Car
•
Corp
Products
-
•
-
38
19
common
Lawrence
Class
A
Corp
Sicks'
Williams
Breweries
Simon
(H)
Canada
of
Co.
Preferred
Wabasso
Walker
Jan
17%
Jan
6%
Feb
Weston
Wilsils
Zellers
—
5%
325
193/4
1,200
73/B
655
7
Jan
35%
3,258
32
Feb
170
100
Mar
113
33%
101
10%
57% Mar
14
Jan
18% Mar
60
9%
Apr
60
May
May
103
Feb
11
May
Feb
16
Jan
24
May
12%
pfd_ .Too
106
2% May
Jan
955
Jan
22
Feb
Lake
St
_
—
_
_•
900
58%
Jan
68
Feb
18
Va Jan
145%
Jan
150
Apr
32
15
a
A
Melchers
Power
•
Quebec
Tel and
_
May
Feb
36
Jan
6%
175
6%
Apr
6%
50c
50c
100
25
Co
Distillers
Woods
Ltd
of
14c
7
8%
9
7,515
8
Jan
1.10
1,900
60c
Jan
35
25
30
Jan
36%
Feb
16
17
865
15
Feb
17
Apr
39%
39 %
39%
265
35%
Feb
40
Apr
11
11
50
5
Jan
15
Mar
9%
9%
9%
459
7%
Jan
11
10%
11
9% May
11% Jan
*
Arno
*
*
Beaufor
Copper
Brazil
Central
—10
Notes
1,650
3%
Jan
28
29%
1,102
80c
80c
200
16
50
39
41%
2,538
22%
•
East
Jan
Eldona
73
Feb
Apr
5%
Jan
21
Jan
5
Jan
5
Jan
24
Jan
35
Mai-
63/4
7
195
25
25
25
255
22 %
Jan
26 %
12%
123/4
179
12
Jan
16%
Feb
19
19
10
18
Jan
19 %
Feb
18
18
295
173/a
Feb
18
Feb
— —
— —
237/a
23%
24
835
2% Mar
33/8
9
93/4
25
13V4
810
12%
23%
233/4
900
22% May
60
100
57%
Feb
53
6%
Jan
14
5%
5%
75
3%
Jan
78
78
78
35
75
Feb
104
104
5
99
Jan
Jan
60
*
10
*
50
43%
42
25
35
6%
40
6% May
36% Jan
80
40
96
May
100
Mar
12
107 '
Jan
109
Jan
22c
Jan
108%
27c
Ltd
"__*
25c
27c
4,452
4%
;
4%
4%
4%
5
25
7
7
10
32%
32%
210
*'
14c
12c
51,400
May
19c
Jan
Jan
23c
Jan
May
Apr
8c
Jan
51c
Apr
6c
Jan
27c
May
15%
Apr
17% Mar
1
34c
30c
40c
57,450
24C
18c
27c
118,250
17
17
Corp——1
31c
12,400
7c
May
31c
18c
83,900
6c
Jan
18c
]
32c
17 %c
1
Mines
22c
13 %c
41C
Ltd
Ltd~»
926,428
4c
Jan
54c
May
45c
61,000
10c
Jan
45c
May
1.57
5,800
20c
8c
1
6.10
5.95
6.75
1.04
1.00
1.25
1.70
1.45
1.75
29,500
6,100
49,600
14c
14c
1,000
_1
Cadillac
__i
&
Dev
Co
44c
42c
1
1.35
1.35
Ltd
Consolidated Gold Mines Ltd
12c
930
30,500
400
90c
193,620
3 %c
93c
1.15
46,200
100
Jan
1,000
1
4.25
4.10
4.25
19
19
2,000
23%
23%
24%
250
7c
7c
7c
1.60
1.63
16%
16
%
1,046
4* CD
49%
$125,000
49%
Jan
1
Mining Co
Labrador Mining &
Explor Co LtdLake
16%
Mines Ltd
Gold
Fortune
May
Lake
Shore
May
Lebel
Oro
_
_
*
_
Mines Ltd
Mines
1
Ltd
1
Goldfields
m
.
McKenzie Red Lake Gold Mines
18
Jan
Jan
O'Brien
16% Mar
Gold
Pandora
493/,
Feb
Red
Mines
Cadallic
Gold
Ltd
Gold
1.
_
_
Ltd_
3.40
1
39c
—1
Mines
Crest
Siscoe
Gold
Stadacona
Standard
Montreal Curb Market
Canadian
Friday
Last
STOCKS—
Sale Price
Par
*
Mines
100
50%
Mines
Mines
——
— —
Waite
Ltd
1,000
1,400
1.70
100
11%
Jan
7c
Jan
1.16
2.45
19c
Jan
Jan
64 %c
1.40
Apr
13%c May
1.50 May
14% May
Apr
28c
1.40 May
4.25
May
19c
May
7c
May
May
May
24% May
9%c Apr
92c
Jan
2.05 Mat
18
1.35 Mar
3.00
Feb
6.70 May
2.25
Jan
3.80
35c
42c
83,514
1.70
1.70
100
10c
1.20
Feb
Jan
9
100
16c
20c
8,900
6c
Jan
93c
93c
300
34c
Jan
38,500
83,780
9
14c
16c
80c
73c
90c
90c
27%c Feb
5%c Jan
60c
Jan
42c
1.79
Apr
May
May
9.00 May
25c
1.45
He
90c
Apr
Apr
May
May
98c
19,352
60c
Mar
1.05
Apr
75c
72c
88c
73,600
43c
Apr
1.00
1
3.05
3.00
3.45
63,757
Jan
3.80
May
Apr
30C
36c
1
4.85
4.85
4.85
*
Ltd
.
1.70 May
200
7,050
14C
90c
•
Apr
6.70
1
Ltd
Gold
Cons Mines Ltd
Amulet Mines
1,900
Jan
7%c Jan
Apr
3.45
1
Co
Ltd
1944
—
*
Ltd
Wiltsey Coghlan Mines
Funds
2,000
■
100
1.50
10c
4.65
Feb
Feb
40c
4.90
Apr
Jan
Sales
Week's
Range
for Week
of Prices
Shares
Low
3
Stillivan
——
—
Gold
,
Feb
May
1.75 May
14c
May
3.30
1.70
—1
Mines
Mines Ltd
19 3/4
Apr
2.40 Mar
7.00
2.30
6.60
.,
Mining Corp of Canada Ltd
29%
—
Feb
20 %c
48c
96,912
Lake
Apr
Mar
1.25 May
1.35
27c
Addison Gold
52c
8c 13 %c
1.40
Kerf
1.18 Mar
14%
l
1
Joliet-Quebec Mines Ltd
May
54c
39c
*
Mines
May
1.25
*
Inspiration Min
1.80
18c
.,1
1
Gold
13c
3c
14%
Jan
Jan
32 % May
75c
c
15
Jan
* Feb
11% Mar1
8,800
1.40
Jan
29%
4% May
8
17%
479,620
22c
Apr
May
Apr
4% May
23c
1.40
16 %
7
30c
1.75
1
27% May
15% Jan
Jan
Apr '
7c
__1
*
Corp
13c 14 %c
1
10
Feb
16% May
7%
1.59
1
Kirkland
4,050
3%
4
50
16%
Kirkland Gold Rand Ltd
17
4% May
30
5
16%
*
7% May
25
May
27%
Feb
6% May
48% Mar
108% 108%
pfd_,10G
21
16%
Jan
46%
598
193/4 May
27%
105
97
Jan
14
Apr
May
7%
Jan
815
Mar
78
44%
193/4
14%
„
97
18
27
'Jan
6%
7%
122
Feb
Feb
',43%
135
26%
Jan
*
Feb
410
Jan
14
261/4
,__*
Corp A
preferred
cum
42 '
Jan
27
Feb
6%
;
Apr
26%
Mar
Jan
'
100
22%
26%
Jan
60
10
5%
_*
78 %
8
107
127/B
59%
26
Feb
233/4
Apr
Jan
105.
13 y8
com
Jan
100
Mar
Jan
24%
106
Mar
6%
Mar
Mar
2%
58
23
22
87/a Mar
106
—
21
50
6% May
2%
——
—
<
70
26
Jan
123/4
50
26
23%
10
15
715
Feb
42% Mar
128
110
6%
Apr
17%
Jan
100
58
193/4
34%
5
21
21
29% May
85c
Mar
34%
76
6%
Jan
13
22%
58
193/4
Feb
Jan
30c
•
Graham-Bousquet Gold Mines
J.-M.
20%
Feb
4%
5
21
6 3/4
Feb
34%
34%
74%
193/4
3
_»
Formaque
3%
25
Mar
39
450
Sullivan Mines
11%
76% May
Mar
9%
Ltd
Rouyn Ltd
Shawkey Gold Mining
3%
21
493/,
page 2256.
Feb
9% Mar
2
Feb
9%
1.10 May
9%
Mines
Quemont
see
37%
14
9%
Senator
footnotes
15
41%
*
Corp Ltd
Cadillac Gold
Jan
Perron
For
1,573
3,275
16
*
1st
Gold & Diamond M
Heva
17
preferred
3
3%
80c
*
Cartier-Malartic Gold Mines Ltd
Mar
10
Paper common
29%
*
1
Mines
Jan
Apr
Jan
38
2%
3%
*
Gold
69
74
13%
38
2%
__1
Mines Ltd
Louvicourt
Power &
35
__20
common
Canada
Jan
Jan
50c
1.00
preferred_,lO
Ltd
Mar
Mines—
Aldermac
10%
.
Bonds—
6%
14c
25c
9
Manufacturing Co
100
14%
Montreal
Abitibi
--
1.10
Ltd
Southmount Invest Co Ltd
Standard Pavement
99% Mar
30
137
Banks-
5%
Jan
6%
__
Power
Reliance Grain
Donolda
Commerce '
Power
Jan
•
pfd
6% N C Part 2nd preferred,
Purity Flour Mills
Quebec Pulp & Paper pr
Century Mining
*
common
.
May
3%
Paper,
Corp of Can 6%
May
225
Feb
45c
& Ontario
Paper
Brewery Ltd
Corporation Ltd,
Mount Royal Hotel Co Ltd
Noorduyn Aviation Ltd «.
May
4%
Jan
13
49 %
Moore
24
100
55
May
Jan
Molson
18
76%
Mar
11
Feb
Minnesota
Apr
76%
50
20
__io
Jan
178
40
11
3%
*
Inc
Distilleries
22 %
11%
51%
Feb
Jan
Jan
42
_,__2.50
Preferred
16%
72
62
20c
Massey-Harris Co Ltd 5%
pfd
_10u
McCpll-Frontenac Oil 6% preferred_100
95
— —
Nova Scotia
&
Maritime Teleg & Tel 7%
188
100
Apr
*
24
11%
46
55
preferred
18
•
_
preferred
Montreal
(Alfred)
18
4%
20c
MacLaren Power & Paper Co
*
Maple Leaf Milling Co Ltd common,,*
24
71%
75
76
common-
common
Royal
Power
18
100
50
56
Limited
Jan
16%
18 3%
2
11%
8%
7%
11
—*
Mines Ltd
Bouscadillac Gold Mines Ltd
2,501
175
72
Jan
Apr
330
A
Bralorne
18
150
6%
4%
*
John
May
60
25
51%
—
•
Companies,
60c
7%
43/4
50
5
Feb
64
150
Jan
7%
•
Feb
33/8
19%
33
62
„
_
105
17%
—-
W
10
'
__
40c
60c
,
20c
Aumague Gold Mines Ltd
19
1
100
Apr
2% May
3% Feb
Jan
60c
172
Feb
2
3%
Ltd
24
*
-—
«
_
Jan
32
18
2
Mar
42 %
United
Jan
64
167% May
530
.3,920
Jan
May
..
43/4
United Securities Ltd
100
Western Steel Products
Corp Ltd,,,,,*
Windsor Hotel Ltd
*
Jan
.100
90
170
2%
3%
22%
20c
Feb
15%
3
168
3%
Jan
11%
19%
Jan
42%
9
37% Mar
22
1
159
2
60c
18% May
20
105% 105%
3
2%
14
76
3%
20
15
•
Electric common——v—
Ltd
15
18%
15%
1
common
..
Jan
15%
——
_
May
24
*
_
100
59%
10%
—
&
10
18%
19%
101
*
G
53/a
55% Mar
12
„,
(George)
Ltd
Winnipeg
101
0
Cotton
-
113
113
«
(Hiram)
Jan
Jan
75
Jan
12
———
Preferred
19%
16
.100
Power.
United Steel Corp
.Jan
24
_
common
Canada
17% Mar
46
450
35%
•
Simpsons Ltd preferred.
Southern
Steel
Apr
6
_100
com___
Canada
common
& Sons
43%
17
/
Jan
162
Feb
41%
6
7
_50
Mills
of
300
May
27 3/4
•
_
St Lawrence Paper preferred
Shawinigan Water & Pow«r
Sherwin
Jan
23% Mar
*
common
Flour
Apr
28%
25
__
common
preferred
Lawrence
37
1,170
24%
•
24% Mar
—
Saguenay Power preferred
St
19
Feb
May
13
II—*
Nova Scotia Light and Power
59%
;«—100
Knitting preferred
St
Apr
Jan
397
43/4 '
11
20
42%
Limited
Southern Canada Pwr 6%
Transport
Paper
38
22
22
50
'■
*
Power
5
50
766
•
Quebec
Feb
850
19%
Canada
preferred
Rolland
Apr
140
203/4 Mar
533/4
—
Regent
80
Jan
22
23%
—
Price Bros & Co Ltd
Provincial
Apr
132
17
<*
Powell River Co
5%
75
27%
•
Corp of
22
130
295
675
3%
International Paints 5% preferred—20
Investment Foundation Ltd common,,*
263/4 Mar
53%
■»
common.
—
Penmans
Power
23% May
27
—
Development
11% May
11% Feb
53%
•
Placer
Jan
9%
27%
•
Page-Hersey Tubes
Ltd
17% May
4
"
14
14
—
*
Ltd
106 % May
14
Apt
20%
167%
—
3%
*
Ltd
Can
Jan
ioo
Preferred
183/4 Mar
8% Mar
3,404
23%
37%
43/4
18%
'
;
common..,
Aircraft
•
—
Apr
5
23
223/4
100
—.
6,651
10%
22%
•
Mines Ltd
Car
120
«
common
Ogilvie Flour Mills
Ottawa
17%
75
Z—125
Ontario
17
23%
_»
Jan
152
Jan
100
common
Preferred
Steel
16
a.
Co
Breweries
National
800
11%
Montreal Tramways
Murphy
18
100
common
26%
Feb
173/4
*
Cottons
24% Mar
150
35
Apr
161
161
,
10%
•
Oil
(Robert)
Montreal
5
17
Massey-Harris
Mitchell
265
150
May
Jan
26%
18
Candy
McColl-Frontenac
26
150
common.
...
Sons
Jan
52
*
Foreign Power Sec Corp Ltd
Fraser
Lambert
Lake of
26
49
14
5
Fanny Farmer Candy Shops Inc
of
Mar
22% Mar
30
Jan
Co
May
«.*
Dominion Malting Co Ltd
Dominion Oilcloth & Linoleum
Dominion Square Corp
15% Mar
3.60 May
20
•
common
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
Dominion Engineering Works
Jan
J an
885
100
Ltd
17% Mar
14
*
Consolidated Div Sec class A,
Preferred
16%
16%
Co
2,30
Jan
Jan
52
106'A 106 %
«
Catelli Food Products Ltd
common,,
Claude Neon General Advert com
Preferred
15%
8%
25
14
*
com
May
52
f- —
Industries Ltd "B"_,
*
preferred
100
Canadian Internat Inv Trust Ltd com_*
Canadian Marconi Company
1.00
Canadian Power &
Paper Inv
5%
preferred
Canadian Vickers Ltd common
1%' preferred
7
24%
V-»
7%
38
16%
*
preferrecLlOO
Canadian
31%
Bronze
Power 7%
12 %
255
104
Mar
104%
Jan
11
Apr
100
Apr
5% May
8% Jan
22
7%
12%
_
Preferred
102
660
10%
Feb
15%
100
6
9
101 % May
32%
—
_•
__
97
85
430
21%
m
;
.
22
—•
common
Mining
International
Jamaica
20 %
13
.—5
Paper
Imperial Oil Ltd
Imperial Tobacco
Preferred
50
15%
6%
Smith
May
May
24% May
230
10%
16
Jan
Jan
•
Hollinger Gold Mines
Howard
10%
74% May
10% Jan
8% May
750
105
Mar
Jan
12%
May
15% May110% May
6%
11%
15%
17
Jan
125
24%
5%
common.,,.,^.,;..,'1'
Lime & Alabastlne
•
Hamilton Bridge
9
101% 102
15%
72
1,185
98'%
(Charles)
Gypsum,
9%
16
16
Jan
109 %
116
840
11%
100
„.
50
74%
98
*
common
8%
12%-Jan
24%
—„_100
Wares
14
795
9
,____100
preferred
Steel
165
15
8%
;
*
common
17
9%
16
•
—
7% Mar
2,492
14%
74%
•
;
7%
110% 110%
1
*
162
7%
17
"
•
common
Heating
Preferred
Gurd
15
•
5fi., preferred
5% Vo
17
*
com
Foundation Cd of Canada
General
162
7%
*
North
—
25
Canada Vinegars Ltd
*
Canadian Dredge & Dock Co Ltd—II*
Canadian General Investments Ltd
*
25
Corp
—
*
227
MOO
Textile
Gatineau
-100
12
100
Preferred
&
pfd
31
Dryden Paper
Electrolux
6%
12
Ltd
Dominion Tar & Chemical
Enamel
Ltd
Dominion Sugar
Malting Co Ltd
30%
Dominion Steel & Coal B
Dominion
Co
&
—* "
Dominion Foundries & Steel
Dominion Glass preferred
Dominion
Calgary Power
35
Preferred
■
575
16%
Columbia Pulp & Paper Co
Canada
High
17
Co,
Preferred
Distillers Seagrams
Dominion Bridge
Dominion Coal pfd
Low
16%
25%
Note
1
l
Bank
British American
Brown
Range Since January 1
7
100
American
British
Shares
High
7
May
32
Low
May
_•
—_
Glass
for Week
of Prices
Brandram-Henderson Ltd,
11%
Sales
Range
Sale Price
15% Mar
590
Week's
Last
STOCKS—
High
2%
47%
Range Since January 1
High
3
50 %
Low
2,580
754
2% Mar
44
Mar
Oils—
Dalhousie
High
3%
Jan
51%' Jan
Oil
Company Ltd
East Crest Oil Co Ltd
Home
Oil
Co
Homestead
Ltd
Oil
&
#
33c
♦
Gas
Ltd
—1
16 Vac
35c
200
33c
May
35c
16c
16c
500
12 %c
May
21c
3.65
<•
__
3.65
100
3.10
Jan
16c 17 %c
219,800
4%c Jan
Feb
Apr
4.25
Mar-
18c
May
Monday, May 21, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2256,
OVER-THE-COUNTER MARKETS
Quotations for Friday
May 18
For Quotations on
Real Estate Bonds
Over-the-Counter Quotation Services
FOR SECURITY
Shaskan & Co.
DEALERS AND
Members New York Stock
FINANCIAL INSTITUTIONS
Exchange
'
Members New York Curb Exchange
Call
or
Write for Free Trial
.
Tel:
Inc.
NATIONAL QUOTATION BUREAU,
York 5, N. Y.
40 Exchange Place, New
v
•
Bell Teletype NY 1-953
pigby 4-4950
Established 1913
46 Front Street,
Chicago
Reorganization Rails
New York 4, N. Y.
San Francisco
•
(When,
Bonds—•
Akron
4s
Investing Companies
ru
1
Aeronautical Securities
1%
Affiliated Fund Inc
10
Holding Corp
AAmerex
American
B-4
12.05
K-l
20.35
Series
K-2—
26.19
28.82
27.21
29.87
15.01
16.52
13.22
14.59
6.52
7.24
America—,—
6V4
106.51
of
Tr
Fund
——8
8
1
20.43
34.58
18.71
Inc
Fund
Inc.
Ltd
6%
110.95
21.97
r 37.38
20.50
3.60
4.20
•
32.00
34.41
Chemical Fund1
10.92
11.81
Christiana Securities com—100 2,760
2,860
Preferred
-—100
143
148
Commonwealth Invest——
1
5.81
6.32
Consol Investment Truck.
1
53
55
Delaware Fund
1
20.12
21.75
Ltd
Fund
Inv
Canadian
1
Century Shares Trust
2.50
25c
D
Dividend Shares
B-3.
S-l
Series
Series
S-2
Series
S-3
Series
S-4—
-—-
7.11
7.90
Sayles Mutual Fund—*
108.78
Second Fund—10
Bond Fund Inc—
10c
46.65
Sayles
Manhattan
Common
Fund
Invest
1
•
25o
4.49
7.30
1.63
1.51
1.63
9.32
8.13
5.56
—
series
6.15
8.11
Industrial
15.52
16.60
Low
priced bond series
7.89
8.68
Low
priced stock common-—_
4.15
4.66
24.03
25.88
8.66
9.56
1
•
Fund Inc
Fidelity
Preferred stock series
6.05
Inc_
2.15
2.36
8
6.60
7.35
New
England Fund
—J
28.49
31.22
New
39.78
1
Geheral Capital Corp
12.09
Agricultural
Automobile
■■
12.42
—
shares
6.12
Aviation
10.74
11.80
7.94
8.73
Building supply
8.98
9.87
8.02
Chemical
9.24
10.16
8.76
Diversified Investment Fund—
12.26
13.47
•'
Food shares
>"
—
Administered
Fully
shares—
Diversified
6.90
Electrical
13.23
Insurance
5.74
6.32
8.03
8.83
9.21
10.63
11.15
Low
8.26
Utility
9.59
7.40
8.14
—
Series 1955—
6.26
Series 1956
North
Amer
Trust
1
6.87
5.70
5.40
shares
5.74
shares
Holding Corp—
Income
50c
6.32
62c
Foundation Fund Inc
1.79
27.78
29.87
2.61
2.92
Aviation Group shares
,
-
Bank Group shares
'u
Insurance Group
,
shares
—
Stock and Bond Group shares-
13.74
97c
15.06
.
-7.43
53.25
14.30
15.67
29.49
A—.
series
B
C
,
15.54
St
Union Preferred Stock
25.33
1st
1
—
10
10
Life
Aetna
1
f'
New York
■
-
••
Par
18.84
20.55
1
4%
4%
10
43 V*
44%
j
Bank of the Manhattan Co.—10
-
-
.
-
;
!
Bank of New York
100
Bankers Trust
10
26%
458
47%
Par
Ask
28%
470
49%
Trust
Grace
National
100
Guaranty Trust
Automobile
100
116
121
117
Lawyers Trust
—
(
Chase
National
Bank
15
41%
56
58
Manufactures Trust Co
20
49%
52%
Morgan
10
22%
24
National City Bank
Commercial National Bank &
Trust Co
'^Continental
,j:
Bank & Trust
Conv
Corn Exchange Bank & Trust_20
/t. Empire Trust
50
Fiduciary Trust
:
56%
94
32%
First National Bank
100 1,785
com__20
29
100
preferred
(J P) & Co Inc
American
59
19%
21%
55
29
Preferred
31
71%
Ry common
73%
—
Homestead
10
Fire
19%
60%
20%
13
64
661/4
10
37%
7
40%
7%
—2%
28
80%
84'/a
100
Bankers & Shippers
660
23%
Jersey Insurance of N
36%
Maryland
11%
Merch
Mfrs
&
Fire
National
4
4 Va
5%
30%
33%
59
62
N Y
10
2
Fire
177
635
21 %
22 y4
10
58
60
North
Continental Casualty
5
10
49%
31%
Northeastern
10
154 %
10
Crum & Forster Inc
46%
29%
33 Va
62
48%
20
.
7iy2
96 Va
13 Va
22%
54»%
Employees Group
10
Employers Reinsurance
Federal
*
-
Fidelity & Deposit of Md
Phlla
Fire Assn of
Fireman's Fd of San Fran
Newark-.-
of
Firemen's
Fire
10
—8
8
6
10
8
8
Fire & Marine
Globe & Republic—
Rutgers Fire Ins.
&
Globe
preferred
Great
51 %
162
75%
100 Va
14 Va
24%
57%
21
47 V2
9%
29
—
8
—10
-10
Fire—-—
Fire
14'A
22%
5%
87%
8
-2.50
5
12.50
25
Northern
Pacific
Fire
Pacific
Indemnity Co
101'%
32%
28 %
110%
Bid
185
200
Ask
Republic
(Texas)
34'A
5JA
36%
6%
29Va
31'A
24'%
10
Fire
(Paul!
St Paul Fire
92'A
13 V2
2
10
(NY)—
Corp
59'%
12 Va
10
Providence-Washington
Reinsurance
56'A
88%
76
12%
& Marine
49%
33%
117
10
Surety
Security New
10
Haven
23
Springfield Fire k Marine
10
100
Standard Accident
Travelers
35
563
39%
Fidelity & Guaranty Co—2
4
10
Westchester Fire
——2.50
U S
51%
,78%
32'A
U 8 Fire
U S Guarantee
64%
50%
295
102
107%
108
108%
& Light 3yas__1974
Power
Miss
Narragansett
Elec
1974
3s
100%
100 y4
100
108%
101
100%
100%
108V4
109 V»
107
104Va
101%
105 V4
106%
107%
105 y4
102 y4
106 y4
106
99%
1980
3%s
101%
Lt 2%s—1975
New York Pwr &
%%
Bid
66%
are
51%
May
24,
May
31,
June
302
June
34%
Title Guarantee &
13%
June
100.4
100.5
t7/es June
100.26
100.27
t%S Aug. 1, 1945
100.13
100.14
t%s Sept.
1%%
100.31
101
t%s
1%%
100.14
100.15
t%s Dec.
1%%
101.1
101.2
t0.90s
tMar 15.
1946.
1
tDec
1946
1%%
15.
%
tMar 15 1947—
tSept.
15,
r
1947
tSept.
15,
1947
tSept.
15.
of Indebtedness—
Certificates
b0.375
b0.375
b0.375
b0.375
b0.375
1945
1945
1945
14, 1945—
21,
28,
0.28%
0.32%
0.32%
0.32%
0.33%
b0.375 0.33%
1945
1945
101%
100 ]/a
100 y2.
106
106'/4
—-1975
San Diego Gas & E) 3%s__1970
Seagram (Jos El 3y4s
1965
99%
Reading
Co
105 Va
3'/8S
Carolina
Pow
Bid
103%
101%
101%
103%
104
100%
100%
105%
3s
106
tor discount at
Bills
purchase
Bid
July
—
12, 1945
July 19,
-
1945-
26, 1945—
August 2, 1945
August 9, 1945
August 16, 1945
July
—
—
b0.375
b0.375
b0.375
b0.375
b0.375
bO.375
b0.375
1948
Lr
-
_
Oct.
1,
1,
1.
1946
t%s March
1, 1946
t%s
1,
April
1946
t%s May 1, 1946
-
—
.0851
.0587
.0577
.0554
-
1946
.0514
.0602
.0625
.0631
.0712
.0729
1945
1, 1945
Jan.
t%s Feb.
1945
1,
Ask
0.33%
0.34%
0.35%"
0.32%
0.35%
0.35%
0.35%
.0726
.0733
.0609
.0797
.0726
Ask
b0.90
Bank—
July 16, 1945
0.75%
Federal Home Loan
July
100.9
100.10
3s
Jan.
101.23
101.25
1955-1945
1, 1956-1946
S« Mav 1, 1956-1946
2%s Feb. 1, 1955-1953
Bid
Ask
3s
Ask
.0414
.0523
.0541
.0558
.0606
1945
1
100%
112
103
1975
Sou'western Pub Serv 3y8S_1974
Virginia Elec Power 2%s—1975
Virginian Ry 3s
—1995
South
106
110
1,555
Pederal Land Bank Bonds—
Bid
101%
100%
July 5. 1945
7,
44%
100.1
100%
2%s_1975
Ohio Edison
3%s__
1975
Pacific Gas & Elec 3s—.—1979
Potomac Edison 3s
_1974
Northern States Power
Ask
Treasury bills-
42%
100
106%
107%
Rates quoted
Public Nat'l Bank & Trust—17%
12%
103%
United States Treasury
98
100 1,495
3yss
i.
1974
New York Chicago & St Louis—
,
Ask
Public Service
New
104 y4
101%
103
-
Orleans
196%
1975
Northwestern 3s 1989
Conn Light & Power 3s
1974
Empire District Elec. 3y2s—1969
Erie RR 3%s
—1990
3VaS
———2000
2s
1953
Florida Power 3%s
1974
Florida Power & Light 3%s_1974
4VbS
:
1979
Houston Lt & Pow 2%s
1974
Laclede Gas Lt 3y2s
-1965,
k
Bid
Ask
Bid
105%
103 y2
Figures after decimal point represent one or more 32ds of a point
Int. Bate
Ask
Bid
Maturity—
Dollar Price 100 Plus
15, 1945.
121%
38
578
41 Va
54
82%.
34%
Recent Bond Issues
Lt 3yaS—1974
Birmingham Electric 3s
1974
Cent Vermont Pub Serv
Pow
Obligations Of Governmental Agencies
Maturity—
79
53V2
35%
200
Quotations For U. S. Treasury Notes
tDec.
15%
24%
6V4
91
107
5
Preferred Accident
—
51'A
10%
30
90
34%
301%
115'A
29
34%
47>/2
10.
—10
Phoenix
Revere
45
10
..
Fire.
River
Seuboard
86'%
American
Hanover
Hartford
com.
35'/a
York
32
10
New Hampshire
New
187
28'A
2
Casualty
New Brunswick
8
10
Fire
Camden
%
7
20
National Liberty
Union
12%
79%
54%
7%
Ins
Amsterdam
39%
(Detroit)—10
Casualty
New
102
52'/a
6%
National Fire
National
46'A
29'A
75'A
Fire
Monarch
City of New York
Connecticut General Life
Boston
43'A
27 %
16
99'/2
Inspect._10
—8
18%
58V4
19
.
28
Surety
Automobile
June
12
Home
21
10
Baltimore American
ma
Par
Hartford Steamboiler
56%
48 %
13
10
Reserve
106%
Trust
28
57
11%
19 %
11%
3%
Newark
Re-Insurance
103%
Onited Rtatefi Trust
Seaboard
74%
53
*———
-
.
Y
20
Casualty
1
Massacnusett6 Bonding——12%
Merchant Fire Assur
8
8
American
25
1,845
com
>
Insur Co of North America—10
Fidelity & Casualty_9
American of
43%
York Trust
Grande
Rio
34%
72%
& San Francisco corn-
241/4
29 Va
American
42%
New
&
St Louis
82
Equitable
12 V2
59%
64%
26
Ask
79
'54%
46%
43%
10
Chemical Bank & Trust
>(
—
26
32%
100
preferred
78 V2
American
355
347
17%
10
16%
1,800
100 1,750
45
25
42
Irving Trust
Kings County Trust
114
Brooklyn Trust
5%
22'%
27
.——
American Casualty
100
Central Hanover Bank & Trust 20
.■
100
Fulton
.>
-
■,
28
Alliance
Arkansas
City Banks & Trust Cos.
Bid
24
62%
Common
Preferred
.10
American
American
Chicago &
& Co
Bin
75 V2
& Surety new
Aetna
-
.1,:];.'--
89
Insurance Companies
9.12
24.37
19.30
Corp—
84»/4
Par
10.56
Corporations
Boston
82'/4
24.12
Investment Banking
AFirst
101%
57%
87
Chicago Milw St Paul & Pacific
Preferred
100%
99%
75-year 4'/2s—_
55%'
—
-
Preferred
—
2%s
ABlair
98%
Francisco—
50-year 4s_
Income
78
1993
Youngstown—
&
preferred
Denver
80
2018
'
San
&
95%
93%
—
Canton
Common
26.16
22.06
8.34
Fund
Wellington Fund
Louis
107
105
Grande—
Rio
4%s
84%
99
22.30
Union Common Stock Fund B
32.05
15.20
&
Income
-
101%
56.25
88
1.24
-1
Investors Fund O
6.78
1
25a
1.07
1.12
Denver
Glens Falls Fire
9.66
Fund
Bond
1994
2019
4%s
Chicago Rock Island & Pacific—
Common
*
Chicago Rock Island & Pacific—
2nd
Corp—
Trusteed Industry Shares
Series
84%
Gibraltar
3.11
U S El Lt & Pwr Shares A
10
of America
Co
Investment
13.30
Sovereign Investors
Series
1.64
Incorporated investors
5
Independence Trust Shares
•
Institutional Securities Ltd—
.
104.63
12.20
Inc
Fund,
Selected Amer Shares
Union
10c
Common
102.55
Fund
State Street Investment
1
A Huron
4.26
•
6.24
.
17.02
3.88
Republic Invest Fund
Scudder, Stevens & Clark
4.90
shares
15.83
1
2%
Putnam
5.69
3.21
7.30
4.77
5.17
5.18
stock
IOO1/4
82%
General Reinsurance Corp
1
1
4.33
(Geo)
98y4
2019
Franklin
shares—
6.64
—
Steer shares—
Tobacco
8.78
9.08
'
Railroad
12.42
7.98
8.72
8.15
shares..
8.41
11.30
8.89
RR Equipment shares.
11.78
Railroad
5.69
Railroad Bond
11.89
Railroad equipment
7.09
shares
Petroleum
10.97
7.64
7.41
Mining shares
'J
—.
10.72
—
Price Shares
Merchandise shares—
:——
stock
10.54
8.38
Institutional bond sharesInvesting
Speculative
equipment
15.41
9.98
10.82
Metals
Industrial Machinery shares—
-
14.03
Machinery
9.59
bond shares
General
9.90
6.27
9.01
—
Electrical Equipment
K
-
stock
12.05
Building shares
Chemical shares
f
13.64
6.05
Bank
shares
shares
Avlatton
8.68
7.97
1
Group Securities—
'
13.28
7.89
Automobile
7.29
General Investors Trust
2019
American
Agriculture
>
15.11
York Stocks Inc—
*
6.71
14.96
series
Stock
A
4y2s B
Agricultural
7.29
series—
stock
10.08
7.40
ser-les
26.33
24.63
4V2s
income
Aetna Casual
National Security Series—
1
income
15.30
1.48
Income
Howard—
Balanced Fund
Stock Fund—
14.00
6.45
Bond
1061/4
14.00
10
Inc
series B shares
(Colo)
104 %
4%s
Akron
5%
.1994
27.83
13.02
Securities—
Nation-Wide
75%
income
Income
Ask
99 Va
82%
10.94
25.88
Fund
2d
Investors
Mass
Mutual
9.95
1
Trust—
Investors
Mass
95%
73 y2
Gen
47.60
Loomis
93 y2
1st 4s
Bid
Stocks
1983
Conv
if issued)
103
Gen
111.00
Fund
Knickerbocker
Loomis
voting shares
National Investors Corp——1
&
100%
98%
101
2003
1st 3-4s income
(Md)
Diversified Trustee Shares—
1988
1st 4s
22.29
1
B
Chicago Milw St Paul & Pacific
13.24
Series
:
1988
A
series
2nd 4%s
24.02
Series
Scries
Inv
Eaton
21.89
4.66
BrOad Street Invest Co
Bullock
B-2
15.22
18.04
1
Youngstown—
Chic Indianapolis & Louisville—
29.96
32.05
4.25
A Common
Boston
Series
;—i
;
28.57
29.22
B-i
Series
:
14.03
16.78
Nat Investing—
Bankers
Bohd
33%
Ask
&
and
Seaboard Ry 1st 4s
1st 4s
Keystone CustClan Funds-
1
•Axe-Houghton Fund Inc
-
317/8
Bid
Par
dak
9.30
5.52
series
4%s
Foreign Investing_10o
American Business Shares-
:
Bid
8.49
5.05
Canton
as
Ask
Bid
.085s
Other
Issuei
101%
101%
Odd lot sales,
102.24
U 8 Conversion 3e
—1940
103%
103%
U S Conversion 3s
1947
104
104%
Panama CaDal 3s—
a
102.22
1981
133
134
b Yield price,
c
Result of the merger, effective Jan. 1, 1945, of Doehler Die
Casting Co. with the W. B. Jarvis Co.
d Deferred delivery, e Ex-interest,
to Stock Exchange, r Canadian market, s Cash sale—not included in range
y
f Flat price,
for year,
x
k Removed
Ex-dividend,
Ex-rights.
♦No
par
value,
tin default.
issuer.
furnished by sponsor or
tThese bonds are subject to all Federal taxes.
AQuotatlons not
tVolume 161
Number 4387
THE COMMERCIAL &
FINANCIAL
CHRONICLE
2257
THE COURSE OF BANE CLEARINGS
Bank
clearings this week will show
increase Compared with
an
liminary figures compiled by
a year ago.
cities of the United States from which
it is
be 19.1% above those for the
possible
at
is
against $9,241,618,709 for the same week in 1944. At this
gain for the week ended Friday of 34.1%. Our
comparative sum¬
a
mary for the week follows:
Ending May 14—
1945
410,143,230
+
347,806,725
.....
i,
.j
162,300,000
177,500,000
Pittsburgh—
229,310,672
+
(10
Baltimore
130,567,147
+
cities, five days
$7,667,564,719
1,458,344,360
$7,690,295,834
$9,241,618,709
our
ends
Saturday and the Saturday figures
are
above the last day of the week in all
In the elaborate detailed
statement, however, which
as
going to
press.
present further below,
give the final and complete results for the week
previous—the week
ended May 12.
For that week there was an increase of
17.4%, the aggregate of clear¬
ings for the whole country having amounted to
$10,584,232,208, against $9,016,237,020
in the
week in 1944.
same
Outside of this
city there
clearings at this center having recorded
an
was
according to the Federal Reserve Districts in which
they
it appears that in the New York
District
(including this city) the totals register
an
expansion of 27.8%, in the Boston Reserve District of
8.0% and in the Philadelphia
Reserve District of 2.5%.
The Cleveland Reserve District has
to its credit an in¬
crease of 2.2%, the Richmond Reserve
District of 5.5% and the
Atlanta Reserve
District of 7.7%.
The Chicago Reserve District shows an
and
improvement of 8.2%,
Minneapolis Reserve District of 1.9%, but the St. Louis
Reserve District
the
suffers
a
decline of 3.4%.
In the Kansas City Reserve District the
increase is
6.3%,
in the Dallas Reserve District 8.5% and in the
San Francisco Reserve
District 8.6%.
summary
of
of
$
1st
Boston
12 cities
2d
New
12
3d
York
Philadelphia
-
Inc.
$
1943
Dec. %
407,214,385
376,923,464
6,236,130,357
"
or
4,881,292,347
1942
$
394,165,799
+ 27.8
5,550,921,496
3,927,707,067
"
664,584,973
648,174,666
+
2.5
655,058,529
7
"
584,959,142
584,438,806
571,658,045
+
2.2
6th Richmond
577,054,069
6
"
517,536,545
267,574,940
253,626,597
+
5.5
401,652,271
372,788,505
,+
7.7
7th Chicago
8th St.
6th
"
17
Minneapolis
"
644,073,547
Federal
"
268,699,544
278,180,243
"
Kansas
12th San
£02,623,101
571,658,045
+
2.2
577,054,069
517,536,545
+ 21.9
5,495,000
6.5
62,978,015
2,124,752
135,905,716
42,743,032
7.3
1,987,977
+
+
2.7
140,367,317
41,898,647
118,388,119
42,269,124
253,626,597
+
5.5
254,087,982
226,764,083
,
10,608, 465
+
5.5
7.0
7.7
32,020,221
120,900,000
2,214,
788
+ 23.0
+
8.0
2,573,535
+
4.9
50,744, ,941
4,771, 254
311,040
41,197,900
42,185,961
4,973,292
238, 097
+ 25.0
1.0
—
254,087,982
226,764,082
330,290,244
140 344
1.0
75,969,346
59,558, 307
372,788,505
7.7
330,290,244
282,918,673
664,791
900,362
—22.2
693,645
5,801,220
+
4.1
5,029,871
+
9.6
4,925,424
3,725,135
3,917,258
3,544,212
28,682,000
3,982,117
3,134,091
31,221,000
___
Bend
;
77,902,
—
—11.6
3,433,608
+
8.9
—
6.5
30,114,000
3,598,880
10,253,909
30,840,544
ended May
our
34,353,033
+ 10.9
1,841,078
14,685,243
7,506,870
+
6,956,486
689,448
653,745
508,867,429
469,658,182
1,812,473
1,635,434
+ 10.8
7,983,646
6,213,556
+ 28.5
2,382,087
2,193,545
+
8.6
1,935,375
3,122,423
1,825.049
+
6.0
2,076,485
644,073,547
!
595,300,431
+
8.2
596,336,627
581,366,138!
—11.4
171,000,000
142,000,ood
14,933,490
City
Illinois—Bloomington
Chicago
Decatur
(17 cities)—:
1
1.5
+
1,759,440
1.7
—
7.3
+
5.5
+
Missouri—St. Louis
157,600,000
3.4
581,366,133
278,198,131
Total
(4
4,080,701
8.4
181,214,076
150,763,650
271,859,767
"
201,691,605
136,473,618
125,759,772
+
8.5
125,024,927
101,681,251
515,964,635
1,050,000
268,699,544
Minneapolis
474,925,753
+
8.6
473,612,608
369,886,788
St.
9,016,237,020
+ 17.4
9,705,816,255
7,553,998,717
Ninth
Federal
Reserve
4.5
+
4,307,033,518
showing the figures for
Week Ended
1944
each
3,771,115,238
city for the
Inc.
May 12
124,815,854
Fall
1943
\
1942
$
$
43,739,190
Dakota—Fargo__
Dakota—Aberdeen
3,309,375
1,926,939
Lowell
323,727,817
1,022,799
342,816,381
321,630,230
3.7
930,226
901,827
+ 21.3
531,169
600,111
+
Helena
4,483,842
+
7.2
1,206,267
1,124,386
4,129,928
65,276,618
57,171,428
40,818,513
33,349,559
+ 19.0
1,103,000
3.4
732,000
278,198,131
,
233,252,98-i
*a
3,498,484
121,999,460
44,531,067
Total
(7 cities)
5.7
4,286,545
2.3
V,769,116
125,317,959
42,226,069
101,110,352
37,566,907
2,947,183
1,335,450
2,712,992
—
1.8
+ 14.9
3,029,305
3,017,864
+ 21.9
15,211,881
15,550,504
6,291,113
5,930,892
15,932,700
+
6.1
5,700,010
6,186,860
+ 31.2
15,638,700
17,187,400
643,078
+
3.2
553,940
521,005
407,214,385
York—Albany
376,523,464
+
8.0
394,165,799
375,470,789
6,996,516
15,136,790
1,664,369
1,630,311
59,917,000
62,858,000
1,329,696
~
Buffalo
1,178,090
Elmira
Jamestown
1,224,586
York
Jersey—Montclair
(12
1,105,683
3,995,187
179,849,834
+
1.9
181,214,076
209.377
266,223
173,757
269,778
4,780,871
68,280,617
64,905,863
3,261,795
Wichita
St.
Colorado—Colorado Springs
cities)
150.763,650
+
140,094
304,648
181,107
5.2
3,297,200
71,056,651
+ 12.5
44,368,574
2,093,844
0.1
7.7
2,756,060
5.492,513
80,327,734
6,074,208
—
4.1
5,507,608
—
1,162,584
1,034,770
897,368
257,757,363
0.7
1,012,532
+ 15.3
928,163
6.3
4,360,866
140,990,017
'4,076,025
271,859,767
+
1,436,822
.*>
747,040
201,691,605
3,134,836
Wichita
1,094,394
•
(6
8.7
+
9.2
2,563,000
1,690,289
1,456,731
5,330,816
5,479,069
136,473,618
56,500,000
+ 12.9
1,344,757
1,268,906
Oregon—Portland
Utah—Salt Lake City
2,952,944
California—Long
+ IT.9
1,095,945
.
+ 29.2
5,398,782,737
3,782,883,479
+ 18.9
10,786,920
10,355,593
4.2
5,782,329
5,651,661
Twelfth
6,490,067
+
6,912,211
+ 11.9
-6,469,357
5,421,017
4.1
442,012
572,843
393.038
29,636,653
—13.9
26,955,572
44,246,936
—16.0
34,616,090
31,687,639
Beach
Pasadena
Francisco
San Jose—
5,550,921,496
3,927,707,067
2,729,525
65,921,186
23,822,535
11,595,134
6,578,625
273,486,000
83,373,995
2,043,992
67,248,537
23,955,260
.
Stockton
Total
(10
Cities).
Grand Total (111
*
+ 17.0
*
£,219,033
80,425,000
10,580,281
-2,099,000
+ 16.0
1,503,414
2.7
5,074,276
1,126,808
5,231,129
—
-■
'
■
York
Estimated.
cities)
t
+
8.5
125,024,927
101,681,25}
+
43.5
91,514.968
+ 33.5
71,709,771
1,494,599
2.0
90,343,669
0.6
-1,250,783
53,240,6431
27,098,092
9,676,606
+ 19.8
9,777,225
4,294,696
+ 53.2
4,058,771
0.4
239,109,256
+ 13.7
4,225,286
272,525,000
6,211,271
Barbara
Outside New
+ 27.8
125,759,772
5,463,097
1,845,166
1,977,812
*4,100,000
Santa
2,562,251
100,177,000
12,954,986
2,753,000
!
'
Francisco-
119,675,193
Yakima
23,574,185
37,166,585
Federal Reserve District—San
Washington—Seattle
San
+10.8
v.L-
■
Cities)
56,300,000
12,381,755
4,881,292,347
+
13,065,886
2,999,000
Falls
Louisiana—Shreveport
4.7
4,699,334,102
6,236,130,357
100,356,000
14,267,627
6,943,072
—
2,830,086
109,051,000
Dallas
Fort Worth
1,895,728
—
■
Eleventh Federal Reserve
District—Dallas—
Texas—Austin
6,868,411
376,871
_
922,923
4,299,204
.
+
274,094,895
4
1,477,366
25,517,906
cities)
£175,260
£,506,100
174,654
1.3
9.9
—
6,286,510
5,153,835
Pueblo
+ 20.5
—
170,306,816
5,824,010
Joseph
Total (10
4.8
—
2,899,608
6,278,721
183,478,843
Missouri—Kansas City
2.1
+
7,738,227
Newark
Total
7.1
4,306,704
—53.8
6,760.508
Connecticut—Stamford
Northern Ntw Jersey
+
—————
14,737,656
.
Syracuse
»6W
+ 15.9
Lincoln
Total
6,072,700,437
Rochester
1,255,430
4,093,687
Hastings—
Second Federal Reserve
District—New York—
New
+ 46.6
Reserve District—Kansas
City—
Galveston
663,631
cities)...
Binghamton
+
1,314,306
**
«■
New
3,157,400
183,330,237
\
+
.+
3,938,247
2,986,919
15,230,504
20,899,400
Island—Providence.
4,743,184
2,119,472
1,781,387
8.9
1,455,060
-
:
.
8.3
+
3,432,817
Hampshire—Manchester
(12
442,707
1,343,327
6.6
+
18,571,956
Haven
Total
677,733
4,134,622
4,805,140
—
Worcester
New
648,630
3,769,362
537,147
Connecticut—Hartford
Rhode
+ 19.1
—19.7
1,454,786
.
Springfield
New
951,028
4,007,851
1,061,990
Bedford
Montana—Billings
Kansas—Topeka
1,132,728
344,986,091
River
New
South
Nebraska—Fremont
or
Dec. %
3,377,586
Portland
Massachusetts—Boston
1,425,022
;
3,697,830
Paul__
Tenth Federal
First Federal Reserve District—Boston-
Maine—Bangor
'
+ 11.6
+
278,180,243
Omana
$
466,356,263
1,472,654
5,386,890
District—Minneapolis—
Minnesota—Duluth
12 for four years:
$
560,347
.
233,252,987
1.9
6.3
'
62,516,258
36,813,985
1,250,000
cities)
177,800,000
69,768,843
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
+
1945
1,577,575
14,593,197
4,894,947
15,758,190
7,043,066
578,695,
470,258,903
Eighth Federal Reserve
District—St. Louis-
+
Clearings at—
3,122,371
7,829,742
28,944,758
+ 16.5
2,119,867
Iowa—Cedar Rapids
i
Des Moines
179,849,834
detailed statement
32,361,000
7,907,527
1
week
add
€87,962
9,208,329
4,385,989
now
-
4,462,250
2,910.533
2,996,129
38,108,089
Wisconsin—Milwaukee
North
We
4,293, 213
173,753
6,037,560
4,294,251
_
282,918,673
596,336,627
8.2
+
—
4,316,902,918
39,770, 85}
+ 30.6
043
District—Chicago—
Terre Haute
257,757,363
4,511,531,771
6,453, 385
31,979, 220
104,100, 000
&342, 0691;,
*2,000, 000**32,281, 278
2,313,205
1,947, 702
48,364, 224
77,157,175
Rapids
183,330,237
Outside New York City
1,038,426
5,655,000
57,425,436
7,983,031
+
+
401,652,271
Lansing
Indiana—Fort Wayne
Indianapolis
Total
+ 10.8
36,896, 991
139,100, 000
Michigan—Ann Arbor
Sioux
1,224,251
4,725,418
Seventh Federal Reserve
South
+
63,434,863
(10 cities)-.
Grand
•» J
1
—22.4
Mississippi—Vicksburg
274,094,895
"
236,734,430
2,103,646
Louisiana—New Orleans
"
10
0.2
50,722,946
Mobile—
6
Francisco
+
1,239,738
«
"
;
239,452,435
8,030,000
63,630,758
2,077,353
2,724,118
Macon—
7
1
11th Dallas
3,942,280
2,477,544
'
11,190,910
Florida—Jacksonville
Total
16,099,200
2,068,151
4,410,330
+
■i',
149,800,000
Alabama—Birmingham
10
City
15,835,200
6.0
—13.6
4,168,185
39,482,155
Nashville
Georgia—Atlanta
Augusta—U
10,584,232,208
10th
+ 20.1
3,423,722
96,157,790
192,812,908
Reserve District—Atlanta-
_
595,300,431
4
Louis
3,232,259
102,924,879
211,848,820
9.7
0.3
375,470,789
10
10
+
+
267,574,940
(6 cities)
$
8.0
+
4th Cleveland
6th Atlanta
2.3
—
145,837,892
43,913,084
Columbia—Washington
Springfield
1944
4,406,065
97,596,495
206,888,462
16,444,300
2,202,103
1,511,210
6,230,000
67,781,471
2,301,283
Rockford-
bank clearings
1945
I
S
Peoria
Week Ended May 12—
federal Reserve Districts
6,322,409
584,959,143
'
Tennessee—Knoxville
We group the cities
located and from this
are
+
District—Richmond
gain of 4.5%, the bank
a
increase of 29.2%.
004 qqn
604,539
239,814,085
584,438,806
Reserve
appeax
the week
has to be estimated.
cases
we
able to
are
much
not available at time of
Accordingly, in the
we
District
foregoing will
as
3
Carolina—Charleston
Maryland—Baltimore
Sixth
today, in
o
Virginia—Huntington
+ 19.1
and exact details for the week
covered by the
issue of next week.
We cannot furnish them
655,058,529
-ZZZZ!
Richmond
+ 18.3
Complete
2.5
107,052,393
207,569,024
19,757,100
South
+19.3
1,551,322,875
$11,007,970,078
_
2,189,585
4,064,400
648,174,666
1,216,048
1,803,535
l
Virginia—Norfolk
3.3
1,834,661,679
1,437,922
3,023,393
District—Cleveland—
(7 cities)
Total
Total all cities for week
+ 21.1
—-16.0
664,584,973
_
Fifth Federal
+ 23.0
$9,173,308,399
___________
1,578,595
4,306,735
3.9
+
1,763,461
1,482,423
4.0
+
$6,231,951,474
1,505,743,680
Total all Cities, five
days
in
Total
West
Other Cities, five days
4.0
—
10,675,000
_
+ 10.3
125,615,475
+14,0
1,587,545
8,'969,'800
JSZ1
Youngstown
+ 21.0
186,660,997
;
568,000,000
3,310,442
1,523,503
1,911,593
cities)
Pennsylvania—Pittsburgh
9.4
220,564,352
Cleveland
day
12.7
1,667,194
639,000,000
1,368,255
2,516,363
w
Jersey—Trenton
Oolumpus.
Mansfield
+ 14.2
198,686,000
one
2.7
+
j
Cincinnati
Cleveland
+ 15.1
157,819,802
—
San Francisco
cities,
513,782
+
—
Ohio—Canton
9.3
302,283,326
Kansas City
All
1.6
626,000,000
1,625,940
2,902,890
1,831,699
Tnl,iM_4u
+ 18.9
529,000,000
Chicago
Ten
+
Wilkes-Barre
%
+ 34.1
Philadelphia
——
457,547
421,054
612,341
1,892,390
643,000,000
Fourth Federal
Reserve
1944
$3,938,878,292
New York
St. Louis.
601,998
1,555,970
+ 18.1
1,922,381
Clearings—Returns by Telegraph
Boston.,
3.2
+ 21.9
662,110
York
Total
Week
756,884
493,312
781,640
Scranton
New
1942
601,295
,
Philadelphia
Reading
Our preliminary total
1943
732,620
Bethlehem
Chester
Lancaster
$11,007,970,078,
center there
Dec. %
District—Philadelphia-
Pennsylvania— Altoona.
to obtain weekly clearings will
year.
Inc.or
$
$
Third Federal
Reserve
May 12
1944
'
•
...
corresponding week last
stands
1945
"
Pre¬
us, based upon telegraphic advices from the chief
cities
country, indicate that for the week ended
Saturday, May 19, clearings for all
of the
Week Ended
4,366,758
515,964,635
474,925,753
10,584,232,208
4,511,531,771
9,016,237,020
4,316,902,918
—
—
+
—
—
6.7
1,388,740
6.1
4,602,002
22,272,273
5,597,585
4,105,343
203,806,000
3,723,481'
'1,351,335'
2,829,575
8.6
473,612,608
369,886,788
+ 17.4
9,705,816,255
7,553,998,717
4,307,033,518
3,771,115,238
+
+
4.5
$58,000,00 New York Chicago & St. Louis RR.
3%s; $54,000,000 Chicago & North Western
1st mtge., series B 3s; $50,000,000 New York Power &
Light Corp. 1st 2%s; $26,089,000 Ohio Edison Co. 1st
mtge.
23/4s, and $25,000,000 American Cyanamid Co.
2%% deebntures.
Private placements for April comprised 13 separate
issues aggregating $117,900,000 or 17.7% of the total.
This compares with $157,275,000 or 44% of the March
total; $29,600,000 or 15.7% so placed in February and
$56,414,000 or 17.9% of the total recorded for January.
Municipal financing for the month of April footed up
$49,084,535, of which $19,15(1,235 was for new money and
$29,934,500 was for refunding.
The April total com¬
pares with $137,983,899 for March and $16,669,000 for
April, 1944.
For the four months ended April, 1945,
total municipal issues aggregated $359,003,022, compared
with $116,648,264 for the corresponding period in 1944.
Below we present a tabulation of figures since Janu¬
ary, 1943, showing the different monthly
amounts of
corporate financing. Revisions of the 1944 and 1943 fig¬
series B;
of
financing for the month
monthly total since May, 1930 when
$927,376,218 was reported. The April total compares
with $357,810,201 in March and $181,100,006 in April,
755, was the largest
1944.
month followed the trend of
the previous 16 months with the greater portion falling
under the refunding column.
Of the total for the month,
$111,075,401 or 16.68% was for new money purposes and
$554,843,202 or 83.32% for refunding.
Railroad issues aggregated $362,450,000 or 56% of the
month's total.
This is the largest railroad monthly total
ever reported, according to our records, which date back
financing for the
and was only approached by the April
$235,680,000. Utility financing aggregated
January, 1919
to
total of
1921
$172,996,000 or 25% of the month's total. Other indus¬
trial and manufacturing accounted for $68,043,307 or 10%
and all other categories footed up $62,429,296 or 9%.
The principal bond issues for the month were: $84,000,000 Reading Co. 1st & ref. 3%s,- series D; three issues
of 1st consol. mtge, bonds of Erie RR., aggregating $78,-
ures
OF CORPORATE
SUMMARY
may
New
Total
$
1,865,000
56,943,229
38,447,228
468,208,800
71,071,229
47,8-29,228 118,900,457
107,635,665
181,100,006
184,091,294
216,707,162
20,784,940
28,620,611
29,999,425
74,902,000
44,743,680
95,812,568
322,363,928
73,464,341
32,615,868
84,004,408
120,377,691
861,088,194.
April
554,843,202
665,918,603
May——--TJune——
Mar 22
91
day Treas.
Mar 29
91
day Treas. bills
105,572,951
1
Ctfs. of
indebt
Mar
1
Ctfs.
of
indebt
Mar
1
Ctfs.
of
indebt
Mar
1
263,287,476
413,763,681
211,244,801
246,180,985
429,924,540
19,174,700
22,403,704
9,875,000
65,579,800
79,311,000
55,165,000
84,754,500
101,714,704
65,040,000
400,716,820
695,241,842
887,350,326
51,453,404
200,055,800
480,406,848 1,393,337,137
Mar
12
Apr 19
26
1
Apr
1,873,743,985
201,929,609
463,343,276
665,272,885
748,153,755
358,709,844
132,785,499
40,673,226
121,032,738
14,236,772
86,662,467
69,861,543
127,335,693
190,894,281
97,365,275
617,535,452
335,894,097
114,104,052
130,618,303
October.—
22,815,747
18,681,447
November————:
83,128,500
—
1
Apr
Apr
1,239,649,098
175,942,736
239,652,510
652,522,345 2,460,870,738
3,113,393,083
377,872,345
702,995,786 1,080,868,131
results of which will appear in our
■■■
2
Feb
Feb
91 days
1
Feb
91 days
8
Feb
9
Feb
15
91 days
Feb
16
Feb
23
90 days
Jan
22
Feb
1
1 year
22
1
1 year
Feb
1
10-12 yrs
Feb 1-28
Feb
12 yrs
Feb 1-28
Feb
2 yrs
Total
for
2,056,718,000
2,027,564,000
1,891.825,000
1,887,678,000
4,646,075,000
394,552,000
847,990,142
7,915,500
212,396,300
February
.—
v
Secretary of the Treasury Morgenthau on April 11 re¬
leased the official circulars containing the detailed terms
23
Mar
1
91 days
Mar
2
Mar
8
91 days
2,065,776,000
2,436,231,000
Mar
tabulations next
■..'•;
Feb
Feb 1-28
exchanged.
Department in April announced an
offering of %% Treasury Certificates of Indebtedness of
(Series D-1946 to holders of Treasury Certificates of In¬
debtedness of Series D-1945, maturing May 1, 1945, the
Treasury
„/,
26
Jan
Certificates of Indebtedness of Series
maturing April 1, 1945. A total of $4,810,495,000
month.
Jan
Feb
9
Mar 15
91 days
2.085,514,000
Mar 16
Mar 22
91 days
Mar 23
Mar 29
91 days
2,075,162,000
2,022,045,000
2,108,139,000
Feb
19
Mar
1
1 year
and U/2% Treasury
Feb
19
Mar
1
1 year
Certificates of Indebted¬
ness, which will be sold, together with Series E, F and G
Sayings Bonds and Treasury Saving Notes, during the
Feb
19
Mar
1
1 year
conditions of the
21/z%, 2JA%
bonds, and the %% Treasury
Mar 1-31 Mar
10-12 yrs
12 years
Mar 1-31 Mar
492,396,200
1,546,139,800
889,075,198
10,421,000
233,055,900
2 years
1
Mar 1-31 Mar
Seventh War Loan Drive.
Total
the marketable issufes from indi¬
partnerships (other than securities
dealers and brokers) and personal trust accounts, will be
received from May 14 through June 30, and subscriptions
will be received from all other non-bank investors from
June 18 through June 30 for the 2*4% and 2xk% mar¬
ketable bonds and the Certificates of Indebtedness. Sub¬
scriptions from the latter group will be received at par
nnd accrued interest to June 18 or such later date as
payment is received in available funds at a Federal Re¬
serve Bank or Branch or at the Treasury.
The results of the Seventh War Loan Drive will be
March——————————
for
1,315,758,000
including
given in these columns as soon as
possible after the close
cf the drive.
also made the usual weekly
Treasury bills. In addition, sales of Savings
The Treasury
positary bonds and Tax
offering of
bonds, de¬
Anticipation Notes are listed.
operations the Treasury in April raised
$11,310,419,003, refunded $9,931,304,000, leaving $1,379,115,003 additional working capital.
5
91 days
19
""91 days
26
91 days
Apr
Apr
6
Apr
13
12 years
now
present
usual tabulation.
our
TREASURY
FINANCING
Amount
Date
Offered
Dated
Dec
Jan
Apr
Apr
1
1 year
*1
10-12 yrs
Apr 1-30 Apr
Total
for
Aprilfour
.—
—,
months———
Certificates
Net Issued
Retired
$
for January——
February—
Certificates
,'
'
'
12,015,000
298,591,000
361,981,000
223,100,000
233,591,000
February.—
14,7l5~000
219,476,000
456,691,000
,
for
'■
45,025,000
223,100,000
„—
„
;.
33,010,000
407,006,000
*
Total
■
63,390,000
96,400,000
310,606,000
—_——■
14,115,000
442,576,000
''
.
_
1 *
March—
■
i
!
'
•
243,000,000
243,000,000
205,000,000
U,570"000
193,430,000
448,000,000
11,570,000
436,430,000
27,800,000
341,628,000
1,500,000
26,300,000
12,160,000
329,468,000
369,428,000
13,660,000
355,768,000
1,681,125,000
84,370,000
1,596,755,000
Cei'tiixiuutes
March
for
—
Certificates
Total "for1 April—
,
'
■
.
'
of special series certificates and notes; certificates
Service Certificates Fund and Unemployed Trust Fund,
Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement
Fund, Foreign Service Retirement Fund,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
•Comprise sales
sold to Adjusted
series,
of
discount basis at
Jan
5
Jan
91
12
Jan
91 days
Jan
19
Jan
91 days
Jan
10-12 yrs
days
Jan 1-31 Jan
12 yrs
Jan 1-31 Jan
2 years
USE
4
91
day Treas. bills
Treas.
bills
11
91
day
18
91
day Treas. bills
25
91
day Treas. bills
U. S. Savings Bds.
Depositary
Tax
1,302,998,000
2,197,862,000
2,195,034,000
1,074,179,535
9,351,000
257,710,200
1,302,234,000
99.905
99.905
1,315,666,000
99.905
*0.375
January
Jan,
1
bonds-
Antic'n
notes
a
give complete details of the
brought out in that month.
2
Details of New Capital Flotations
*0.375
During April, 1945
*0.375
492
%
100
421,000
100
.
,•
100
b
t
RAILROADS
$9,4(^0,000
'■
10.
v.
"
'
V
*0.376
*0.375
B,
interest.
and
Davis and
Co. and F.
837, 637,303
a
a
5 594,000
100
407 698,700
100
b
due
Bacon, Whipple
Blyth & Co.,
Inc.,
Inc.,
Co.,
Indebtedness
Boston
91
bills
day Treas. bills
Feb
15
91
dav
23
90
Feb
1
91
8
day Treas.
Treas.
bills
Feb
1
day Treas. bills
Ctfs, of indebt.—
9,351,000
257,710,200
Feb
1
Ctfs.
of
indebt.
5,118,980,000
1,348,005,735
1,315,758,000
1,311,028,000
1,309,856,000
4,730,000
1,309,856,000
1,300,100,000
1,308,371,000
4,646,075,000
394,552,000
1,300,100,000
1,308,371,000
4,646,075,000
394,552,000
-
St. Paul,
Minneapolis & Omaha Ry. . 1 % % '•
*1,570,000 Chicago,
equipment trust certificates, due May 1, 1946-55.
Purpose,:
purchase of equipment.
Awarded to Northwestern Na¬
tional
Bank
of Chicago
Feb
Corp.,
Witter & Co.
6,765,000
East- I
Dillon & Co.,
First
The
New
1.074,179,535
9,351,000
257,710,200
& Co., A. G. Baker & Co., i
Butcher & Sherrard, Clark,
Estabrook & Co., Fahey, Clark & Co.,;
Glore, Forgan & Co., Goldman, i
Sachs & Co., Hallgarten & Co., Harriman Ripley & Co.,
Inc., Harris, Hall & Co. (Inc.), Ira Haupt & Co., Hawley, j;
Shepard & Co., Hayden, Miller & Co., Hemphill, Noyes &;
Co., W. E. Hutton & Co., The Illinois Co., Kidder, Peabody
& Co., Kirkpatrick-Pettis Co., Lee Higginson Corp., Leh¬
man Brothers, Laurence M. Marks & Co., McDonald & Co.,;
Mellon Securities Corp., Merrill Lynch,
Price, Fenner &
Beane, Merrill, Turben & Co., Minsch, Monell & Co., The;
Ohio Co., Reynolds & Co., Riter & Co., Salomon Bros. &
Hutzler, Shields & Co., Smith, Barney & Co., Stein Bros. I
& Boyce, Stone & Webster and Blodget, Inc., Stroud
Co., Inc., Tucker, Anthony & Co., Union Securities Corp.,;
Whiting, Weeks & Stubbs, The Wisconsin Co. and Dean.
man,
OF FUNDS
1,074,179,535
Harris Trust &
Dominick & Dominick, Drexel & Co.,
& Co.,
Dodge
.to
North Western Ry. 1st mtge. bonds, series B
Jan. 1, 1989.
Purpose, refunding.
Price, 100
Offered by Kuhn, Loeb & Co., A, C. Allyn & ;
&
Chicago
3%,
40,956,141,778
1,204,847,000 -1,204,847,000
1,302,998,000
1,302,998,000
1,302,234,000
1,302,234,000
1,308,901,000
1,315,666,000
Pacific RR. 1%% equip¬
semi-annually,
Purpose,
purchase of equipment.
Awarded
Savings Bank on bid of 100.12512.
5.4,0^0,000
11,310,419,003
Rice
*2,10.0,000 Chicago, Milwaukee, St. Paul &
ment
trust
certificates,
due
2
Refunding
Co., Patterson, Copeland & Kendall, Inc.,
and Co., E. W. Thomas and Co., Welsh,
S. Yantis & Co., Inc.
Co., Otis
Daniel F.
&
*0.375
*0.375
7/8
4,810 495,000 100
series
100
11,835,723,098
1.316 815,000 .99.905
99.905
1,303 ,940,000
99.905
1.317 ,979,000
99.905
1,310 ,260,000
Eastern Illinois RR. 1st mtge. 3%% bonds,
due May 1, 1985.
Purpose, refunding.
Price,
Offered by Halsey, Stuart & Co., Inc.,
Ames, Emerich & Co., Inc., H. M, Byllesby & Co., Inc.,
Central Republic Co. (Inc.), Julien Collins & Co., Cruttenden & Co., Dempsey & Co., Farwell, Chapman & Co.,
Carter H. Harrison & Co., Mason, Moran & Co., Martin,^
Burns & Corbett, Inc.,
Morris Mather & Co., McMaster'
Hutchinson & Co., Mullaney, Ross & Co., Alfred O'Gara &
&
Chicago
•
a
a
Years)
'
■
2
233 055,900
Than Five
:
7/s
1,546 ,139,800
889, 075,198
Notes (Issues Maturing Later
Long-Term Bonds and
*0.375
%
396,200 100
capital flota¬
issue of any kind
during April, including every
tions
b
6,466,985,735
Total for January
Feb
6,466,985,735
%
99.905
Accepted
Jan
2
b
%
99.905
1,302 532,000
99.905
1,313 ,993,000
100
2,108 ,139,000
Security
Dated
Jan
9,351,000 1 00
Below we
*0.376
*0.375
Total Amount
%
257,710,200 100
&
*0.375
Type of
*0.373
*0.375
*0.375
a
Fund,
*0.375
Comprised of separate issues,
Yield
a
Savings
74, and yield 2.53%; and series G
at 100, and bear 2Vz% interest,
designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92% a year and series C, about 1.07%.
b
Price
1,074,179,535
Government Life Insurance Fund, National Service
Federal Deposit Insurance Corporation, and
Loan Insurance Corporation.
System,
Insurance
ity, are sold on a discount basis, at
have a
12-year maturity, are sold
99,906
Accepted
Federal
Savings
bank discount basis, a Comprised of three sepa¬
series E have 10-year maturity, are sold on a
75, and yield 2.90%; series F have a 12-year matur¬
1,204.847,000
Applied for
Life
*0.375
which
Jan
Amount
*0.375
♦Average rate on a
rate
Jan
1945
to Federal
notes
Inc.,
2,464,903,000
2,157,434,000
Due
91 days
Jan
for
FINANCING
January—-
interest.
Total for
Jan
DURING
$
4
407,698,700
$
99.905
99.905
407,698,700
20
Mar 22
Apr 1-30 Apr
Apr 1-30 Apr
Apr
Jan
STATES
UNITED
837,637,303
5,594,000
——
Issued
Yield
99.905
1.314 147,000
1,309 ,916,000
1.315 ,908,000
2,091,934,000
2,109,276,000
4,810,495,000
837,637,303
5,594,000
2 years
Apr
By all of its
Total
5,454,288,778
11,343,013,942
1,842,559,000
2,163,982,000
91 days
Apr 12
Mar 30
'
Jan 1-31
1,379,115,003
♦INTRA-GOVERNMENT
Price
1,309,856,000
99.905
1,300,100,000
99.906
1,308.371,000
4,646,075,000 100
394,552,000 100
847,990,142
a
7,915,500 100
212,396,300 100
Subscriptions for
viduals,
26
9,931,304,000
four
99.905
Accepted
.
$
Department announced the
Treasury
of the Certificates was
Applied for
Due
Dated
Offered
offering of %% 1-year Treasury Certificates of Indebt¬
edness of Series C-1946, dated April 1, 1945, in exchange
Amount
Amount
Date
Financing in April
On March 22 the Treasury
We
.11,310,419,003
months— 40,956,141,778 35,501,853,000
April.
for
—
942,000
15,375,000
415,595,246
172,115,497 1,067,533,601
quarter—
Treasury
.
111,868,000
for
and
and
1,204,947,000
1,302,998,000
1,302,604,000
1,310,260,000
4,810,495,000
Total for four months-
Twelve months——
The
1,654,136,098
1,316,815,000
1,303,940,000
1,317,979,000
1,310,260,000
4,810,495,000
U. S. Savings Bds.
837,637,303
Depositary bonds—"
5,594,000
Tax Antic'n notes
" 407,698,700
-
bills
91 day Treas. bills
91 day Treas. bills
91 day Treas. bills
Ctfs. of indebt.—
Apr
Apr
—_—
91 day Treas.
5
Apr
10,421,000
233,055,900
—-
11,835,723/098 10,181,587,000
March—
for
Total
Apr
889,075,198
——-
10,421,000
233,055,900
.
April—
months——
B-1945
Savings Bds.
S.
111,837,000
251,509,204
192,108,484
—
for
U.
105,020,000
108,892,000
85,364,000
2,108,139,000
492,396,200
1,546,139,800
492,396,200
1,546,139,800
889,075,198
Depositary bonds
Tax Antic'n notes
Mar
Total
quarter—
December—
150,476,205
153,916,988
140,608,034
29,207,720
Augusf
September——.—,
bills
Mar
294,863,224
986,393,659
698,035,295
288,298,364
110,471,000
day Treas. bills
day Treas. bills
Total
57,327,813
Fourth
95,686,940
73,364,291
125,811,993
215,458,248
79,404,976
518,184,859
375,731,367
142,453,492
Six months—-
Nine
91
91
Notes
Second quarter.—_
Third
10,315,000
13,195,000
95,390,457
7,517,000
36,373,283
-
8
Mar 15
$
$
2,798,000
145,844,872
729,377,786
111,07^,401
quarter
1,073,031,942
1,203,676,000
1,204,896,000
1,207,016,000
1,217,168,000
1,202,156,000
1,314,147,000
1,309,916,000
1,315,908,000
1,302,532,000
1,313,993,000
2,108,139,000
day Treas. bills
Total
Refunding
Capital
11,330,000
45,455,742
357,810,201
62,615,780
11,343,013,942 10,269,982,000
-
7,915,500
212,396,300
1945-
160,456,350
158,761,995
148,990,455
37,773/350
62,044,187
March——
91
Mar
February—
for
1
Total
$
122,683,000
96,146,215
103,534,713
315,020,703
188,257,290
131,710,408
February——
First
New
Total
$
$
272,279,772
161,332,000
295,766,014
42,740.931
26,925,290
.January
Total
„—
———
1—1943
Refunding
Capital
$
$
£
7,915,500
212,396,300
Mar
-New
Indebtedness
. 847,990,142
Refunding
' ———
847,990,142
U. S."
1
Feb
AND 1943
-1944-
Refunding
Capital
Savings Bds.
Depositary bonds-.Tax Antic'n notes
Feb
Feb
brought to light.
FIGURES BY MONTHS 1945, 1944
Total Amount
Accepted
Type of
Security
Dated
Total
-1945New
particularly as additional private
be necessary,
financing is
1st lien & ref. 3s,
$60,000,000 Virginian Ry.
500,000;
mtge.
ref.
April aggregated $665,918,603 and with the exception of
the October figures of 1944, which footed up $748,153,-
The
of April
Capital Flotations in the United States During the Month
And for the Four Months of the Calendar Year 1945
The
The volume of corporate
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2258
33,900,000
Erie
Jan.
RR.
1,
interest.
Inc.,
of
on
Minneapolis and
1st consol. mtge. bonds, series F,
1990.
Purpose, refunding.
Price, 100.65
Offered by Morgan Stanley & Co., Blyth &
The
Harriman
First
Boston
Ripley
Kuhn, Loeb & Co.,
&
Co.,
Northwestern Trust Co J
bid of 1G0.273.
314%
Eastman,
Corp.,
Goldman,
due
and'
Co.,!;
Sachs & Co.,;
Co., Inc., Kidder, Peabody & Co.,/
Mellon Securities Corp., Smith, Barney;
Dillon & Co., Glore, Forgan & Co.,/
&
Volume
161
Number 4387
THE COMMERCIAL &
FINANCIAL CHRONICLE
I
Lee
Higginson Corp., Stone & "Webster and Blodget, Inc.,
White, Weld & Co., A. C. Allyn & Co., Inc.,- A. G. Becker
&
Co., Central Republic Co.
(Inc.), Hallgarten & Co.,
Hemphill, Noyes 6c Co., W. C. Langley & Co.,' Paine
Webber, Jackson & Curtis, Phelps, Fenn & Co., R. W.
Pressprich
&
Co.,
Clark, Dodge &
Co.,
Dominick
&
Dominick, Drexel & Co., Equitable Securities Corp., W. E.
Hutton &
Co., Merrill Lynch, Pierce, Fenner & Beone,
F.
S.
Moseley & Co., Spencer Trask & Co.,
Tucker,
Anthony & Co., Dean Witter & Co., Baker, Weeks &
Harden, William Blair 6c Co., Laurence M. Marks 6c Co.,
Stroud
&
Co.,
Inc.,
Bacon,
Whipple &
Co.,
Hawley,
Shepard & Co., Hayden, Miller & Co:, Kalman & Co.,
Inc., McDonald & Co., Maynard H. Murch & Co., Riter 6c
Co., Sterii Brothers & Co., G. H. Walker & Co., Weeden
& Co., Baker, Watts &
Co., E. W. Clark & Co., First of
Michigan Corp., Folger, Nolan Inc., Kirkpatrick-Pettis Co.,
Moore, Leonard & Lynch, W. H. Newbold's Son & Co.,
Newhard, Cook & Co., Piper, Jaffray & Hopwood, Chas. W.
Scranton 6c Co.,
Ball, Burge & Kraus, Francis I. du Pont
& Co., Fahey, Clafk &
Co., Johnston, Lemon 6c Co. and
The
Robinson-Humphrey Co.
40,000,000 Eric
RR.
Jan.
3
1,
mtge.
bonds, series G, due
Purpose, refunding.
Price,
100.65
and
by
same
bankers
as
offered
series
(see foregoing).
RR.
March
consol.
Offered
bonds
5,500,000 Erie
1st
2000.
interest.
F
V8%
1st
15,
.
consol.
1953.
mtge.
Purpose,
2%
bonds, series H,
refunding.
Price,
100
60,000,000 Virginian Ry. 1st lien and ref.
mtge. bonds, series B, 3%,
due May 1, 1995.
Purpose, refunding.
Price, 106.71 and
interest.
Offered
by Mellon Securities Corp.,
Halsey,
Stuart & Co., Inc.,
Allison-Williams Co., Ames, Emerich
& Co.,
Inc., Geo. A. Applegate, Arnhold and S. Bleich¬
roeder, Inc., Atwill & Co., A. E. Aub 6c
Co., Auchincloss,
Parker &
Redpath, Baker, Watter 6c Co., Barrow,
Leary
&
Co., Jack M. Bass &
Co., Baum, Bernheimer Co.,
Bear, Stearns & Co., Bioren &
Co., J. C. Bradford 6c Co.,
Braun, Monroe & Co.,1
Brooke, Stokes & Co., Brooke,
Tindall & Co.,
Brush, Slocumb & Co., Burr &
Co., Inc.,
Caldwell Phillips
Co., John B. Carroll & Co., C. F. Cassell & Co.,
Central Republic Co,
(Inc.), City Securities
Corp., Clayton Securities
Corp., Cohu & Torrey, Julien
Collins 6c Co.,
Cooley 6c Co., Courts & Co., Curtiss, House
&
Co., Dallas Union Trust
Co., Davis, Skaggs 6c Co.,
R. L. Day 6c
Co„ Dempsey 6c Co., R. S. Dickson &
Co.,
Inc., Dominick &
Dominick, Doolittle, Schoellkopf & Co.,
John M.
Douglas, Clement A. Evans 6c Co.,
Inc., Fahey,
Clark & Co.,
Ferris, Exnicios & Co., Inc.,
Field, Richards
& Co., First Cleveland
Corp,, Fitzgerald & Co., Foster &
Marshall, Green, Ellis 6c
Anderson, Greenman & Cook,
Inc., Gregory & Son,
Inc., Grubbs, Scott 6c Co., Hall¬
garten & Co., Harley,
Haydon & Co., Inc., Ira Haupt &
Co., Hayden, Miller &
Co., Heller, Bruce & Co., Hemphill,
Noyes & Co., Hill & Co., J. J. B.
Hilliard 6c Sons, Hirsch
& Co.,
Investment Corp. of
Norfolk, Robert C. Jones 6c
Co., Kalman & Co.,
Inc., Kean, Taylor 6c Co.; Thomas
Kemp & Co., Kinsley &
Adams, Ladenburg, Thalmann &
Co., Laird, Bissell &
Meeds, W. C. Langley 6c Co., Lucien
B. Layne & Co., Lehman
Brothers, Loewi & Co., McDonald
& Co., McMaster
Hutchinson 6c Co., Laurence M. Marks &
Co., Marx & Co.,
Martin, Burns & Corbett, Inc., MasonHagan, Inc., A. E. Masten &
Co., Morris Mather & Co.,
Inc., Metropolitan St. Louis
Co., E. W. & R. C. Miller &
Co., The Milwaukee
Co., Moore, Leonard & Lynch, Moors
6c Cabot, Mosle &
Moreland, Inc., Mullaney, Ross & Co.,
Maynard H. Murch &
Co., Nashville Securities Co., The
National Co. of
Omaha, Newburger & Hano, E. M. Newton
due
and
&
&
&
mann
Otis
&
theim
7,500,000 New
Co.,
Co.,
Hutzler,
&
F.
Co.
York
due
Lazard
L.
Freres
&
Rothschild
Schoellkopf, Hutton
Co.,
&
&
Lehman
Co.,
r
,
•
,
Brothers,
Salomon
Pomeroy, Inc.,
.
Bros.
and
&
Wer¬
-
Central
serially
RR.
May
Priced
equipment.
1%% equipment trust certificates
1946-1955.
Purpose,
purchase of
1,
to
6c
yield from 0.85% to 1.90%, accord¬
ing to maturity.
Offered by Salomon Bros. 6c Hutzler,
Wertheim 6c Co. and Stroud &
Co., Inc.
i
Otis
Chicago & St. Louis RR. refunding mortgage
bondSj 3V4% series, series E, due June 1, 1980.
Purpose,
refunding.
Price, 100 and interest.
Offered by Halsey,
Stuart &
Co., Inc., Allison-Williams Co., A. C. Allyn &
Co., Inc., Almstedt Brothers, Ames, Emerich &
Co., Inc.,
Atwill
&
Co,,
A.
Bernheimer
Aub
E.
Leary " &
Co.,
Co.,
&
Co.,
Jack
Bear,
Baker,
M.
Watts
Bass
&
&
Co.,
Bioren
Stearns
-
Co.,
Baum,
Phillips Co., John B.
Corp., City Securities
Corp., Coburn & Middlebrook,
Coffin & Burr, Inc., C. C.
Codings & Co., Inc., Cooley &
Co., Courts & Co., Cruttenden &c Co., Dallas Union Trust
Co., Paul H. Davis & Co., R. L. Day 6c Co.,
Dempsey &
Co., Dick 6c Merle-Smith, Clement A. Evans &
Co., Inc.,
Carroll
&
Co.,
Central
Clayton
National
Parsons
Co., Inc.,
Co., Lehman
Kean, Taylor & Co., Ladenburg, Thalman &
Brothers, Loewi & Co., Martin, Burns &
Corbett, Inc.,
Marx & Co.,
Mason-Hagan, Inc., Mason, Moran 6c
A.
E.
&
Hlrschberg,
Inc.,
Alfred
O'Gara
&
Co.,
child
W.
6c
6c
Co.,
Selomon
Pomeroy,
Scranton
Co.,
Stifel,
Swiss
&
Bros.
Inc.,
Co.,
Scott,
I.
Nicolaus
M.
6c
&
Hutzler,
Horner
Simon
Co.,
&
&
Inc.,
Schoellkopf,
Mason,
Inc., Chas.
Starkweather &
Co.,
Walter
Stokes
&
Co.,
American
Corp., Thomas 6c Co., E. W. Thomas 6c
Co., Townsend, Dabney & Tyson, Washburn
Co., Weil &
Arnold,
Wertheim
6c
Co.,
White,
Hattier
&
Sanford,
Whiting, Weeks & Stubbs, Harold E. Wood &
Co., Wurts,
Dulles & Co.,
Wyatt, Neal & Waggoner and F- E. Yantis
& Co., Inc.
84,000,000 Reading Co. 1st and ref.
mtge. 3Va% bonds, series D, due
May 1,
1995.
Purpose, refunding.
Price,
101.87
and
interest.
Offered by Halsey, Stuart &
Co., Inc., AllisonWilliams Co., Arnhold & S.
Bleichroeder, Inc., Atwill and
Co., A. E. Aub 6c Co.,
Auchincloss, Parker .& Redpath,
Baker, Weeks 6c Harden, The Bankers Bond
Co., Inc.,
Barrow, Leary 6c Co., Jack M. Bass &
Co., Bear, Stearns
&
Co., A.
and
G.
Becker &
Co., Inc.,
Bioren &
Co.,
Co.,
-
Co.,
City
John
B.
Carroll &
Securities Corp.,
Co.,
Central
Republic
6,967,000 Central
bonds,
Middlebrook, Coffin
Inc., Cooley & Co.,
Co.,
Inc.,
Dallas
Union
Trust
Co.,
John
Dane,
Davis,
R. L, Day 6c Co., Dempsey &
Co., R. S.
Co., Inc., John M. Douglas, Clement A. Evans
& Co., Inc.,
Farwell, Chapman & Co., Field, Richards 6c
Co., The First Cleveland
Corp., First of Michigan Corp.,
Fitzgerald 6c Co., Foster 6c Marshall,
Granbery, Marache
& Lord, Greenman &
Cook, Inc., Hannahs, Ballin 6c Lee,
Ira
Haupt & Co., • Robert Hawkins 6c Co., Inc.,
Skaggs &
Dickson
Co.,
&
Heller,
& Co., Hirsch 6c
Co., Jenks, Kirkland &
Johnston, Lemon & Co., Kalman 6c Co., Inc.,
Kean,
Taylor & Co., Thomas Kemp 6c Co., A. M.
Kidder & Co.,
Ladenburg, Thalmann 6c Co., Laird, Bissell 6c
Meeds,
Leedy, Wheeler 6c Co., Loewi & Co., McMaster
Bruce & Co., Hill
Co.,
Hutchinson
6c
Co.,
Martin,
Burns
6c
Corbett,
Inc.,
Marx
&
Co.,
Mason-Hagan, Inc., Mason, Moran 6c Co., Morris Mather
&
Co., Metropolitan St. Louis
CO., Milhous, Martin &
McKnight, Inc., Minsch, Monell &
Co., Moors & Cabot,
Mullaney, Ross & Co., Nashville Secur.
Co.
Co.,
of
Omaha,
Newburger & Hano,
Nnsloch, Baudean
Alden & Co.,
6c.
E.
M.
National
Newton
Smith, Alfred O'Gara
Inc., Otis <fc Co., Pacific Co.
Northwest Co.,
The
of
&
Co.,
6c
Co.,
O'Neal,
Calif., Pacific
Park-Shaughnessy & Co., Patterson, CopeKendall, Inc., Paul & Co., Inc., Peters, Writer &
ChriStensen, Inc., Phelps, Fenn & Co., Wm. E. Pollock 6c
land
6c
Co., Inc., F. L. Putnam &
Co., Inc., Rakestraw, Betz &
Co., Rauscher, Pierce & Co.,
Inc., Reynolds & Co., Salomon
Bros. &
Hutzler, Schoellkopf, Hutton 6c Pomeroy,
Inc.,
Schwabacher & Co., Scott, Horner &
Mason, Inc., Seasongood
&
Mayer, Shields & Co., Robert
Showers, Sills,
Minton & Co.,
Inc., I. M. Simon & Co., Sihart &
Wagner,
Stifel, Nicolaus 6c Co., Inc., Stix 6c
Co., Edw. Lowber
Stokes
6c
Co.,
Walter Stokes
&
Co., Swiss
American
Corp.; Thomas 8c Co., E. W. Thomas 6c
Co., Townsend,
Daoney & Tyson, #achob-Bender
Corp., Washburn Co.,
Watkins, Morrow 6c Co., Weeden 6c
Co., Inc., Weil 6c
Arnold, Wertheim &
Co., White, Hattier & Sanford, The
White-Phillips Co., Inc., Wyatt, Neal &
Waggoner and
F. S. Yantis 6c
Co., Inc.
2,640,000 Seaboard
due
of
Air
Liiie Ry. 2%
equipment trust certificates,
Serially Nov. 1, 1945-May 1, 1960.
Purpose, purchase
equipment.
Priced
to
yield
.
from
0.80%
to
2.25%,
according to maturity.
Offered by Halsey, Stuart &
Co.,
Inc., Otis 6c Co.,
Inc., Tucker, Anthony 6c Co.,
Alex.
Brown & Sons, C. C.
Collings and Co., Inc., The First
Cleveland Corp., Mullahey, Ross
6c Co., Alfred O'Gara &
Co. and F. S.
Yantis & Co., Inc.
*3,840,000 Seaboard
Air
Line
II.
Purpose,
due
mtge,
and
bonds,
1,
&
2%%
series
of
1945,
Co.
1st
mtge. bonds, 3 %
refunding.
Price,
100.75.
Northwestern
Mutual
Life
Mutual
Life
Insurance
Insur¬
Co.
through
Corp.
Power
Co. 1st mtge.
bonds, 4 % series A,
Purpose, refunding ($621,000), addi¬
($219,000).
Price, 101 and interest.
1970.
properties
Sold privately
Power
Purpose,
with
Penn
Utah
to
&
1975.
Boston
May
tions
to
Mutual
Life
Insurance Co.
$123,730,000
IRON, STEEL, COAL, COPPER, ETC.
*$1,500,000 Copperweld Steel Co.
2% debentures, due March
1, 1955.
Purpose, refunding.
Sold
to
privately
Equitable Life
Assurance Society of the U. S,
through Riter 6c Co,
OTHER INDUSTRIAL
*$25,000,000 American
due
AND
Cyanamid
1965.
Co.
MANUFACTURING
2%%
Purpose, refunding
($16,032,000).
porate purposes
Nusloch, Baudean &
O'Neal, Alden 6c Co., Inc.,
&
Gas
Co.
of
life
insurance companies.
*1,500,000 National
Tea
Co.
sinking fund debentures,
($8,968,000), general cor¬
privately to a group
Sold
serial
notes, due semi-annually April
1946-April 1,
1960
(average interest cost 2.795%).
Purpose, refunding.
Placed privately
with
1,
Life
Metropolitan
Co., J. P. Morgan 6c Co. Incorporated
and
& Trust Co.
(Chicago) through
Insurance
American
National Bank
Hemphill, Noyes &
Co.
and
& Beane.
1,000,000
Oak
Manufacturing
Co.
Merrill
10-year
Lynch, Pierce, Fenner
5%
sinking fund con¬
debentures, due April 1, 1955.
Purpose, refund¬
ing.
Price, par and interest.
Offered by Paul H. Davis
& Co., Adamex
Securities Corp., A. C.
Allyn 6c Co., Inc.,
Ames, Emerich & Co.,
Inc.,
George H. Grant,
Bear,
Stearns 6c
Co., J. C. Bradford 6c
Co., Courts 6c Co.,
Dempsey 6c Co., The First Cleveland
Corp., First Securi¬
ties Co. of
Chicago, R. H. Johnson & Co.,
Link, Gorman
6c
Co.,
Inc., Mason Brothers,
Mason,
Moran
&
Co.,
Moore, Leonard 6c Lynch,. David A.
Noyes & Co., Rey¬
nolds & Co., Wm. C.
Roney & Co., Schaff & Jones, Inc.,
Scherck, Richter Co,, Sidlo,
Simons, Roberts & Co., Sills,
Milton
&
Co.,
Inc., Stein Bros.
6c
Boyce,
Straus
&
Blosser and
Woolfolk, Huggins & Shober.
'
*1,200,000 Valspar Corp. 4%
notes, due through operation of
sinking
fund in 15 years.
Purpose, retire bank notes.
Placed
privately through Schroeder, Rockefeller
6c Co., Inc.
4,400,000 York Corp. 1st
mtge. sinking fund bonds, 314%
series,
due April 1, 1960.
Purpose, refunding.
Price, 102% and
interest.
Offered
by Union Securities
Corp., Stone <Ss
Webster and
Blodget, Inc., Blyth & Co., Inc., Drexel 6c
Co., Kidder, Peabody &
Co., W. H. Newbold's Son &
vertible
1st
101 y2
Public
Service
D, 'due Feb.
interest.
1st mtge. 2%%
Purpose, refunding.
by Halsey, Stuart &
1975.
Offered
Co., Inc., Bear, Stearns 6c
Co., Burr & Co.,
Parsons & Co.,
Inc., Graham,
Otis 6c Co. and Thomas & Co.
Wood
First
Trust
Co.
of
Lincoln,
and
Los
*5,350,000
Raucher, Pierce
Angeles
and
Transit
Neb.,
Lines
1st
due
1965.
Offered
Utilties
Co.
by
Blyth
6c
3%%
serial
Co.
and
Sold
2,500,000 Montana-Dakota Utilities
Co.
annually
1946-1953.
99.02 and interest to
from
1st
York
Power
&
mtge.
serial
bonds,
*44,000,000 Tennessee
refunding.
Priced
and interest,
according
& Co., Inc., and Merrill
Co., Dick 6c
Inc.,
Inc.,
R. S. Dickson & Co.,
Inc., Fran¬
Etabrook & Co., Clement A.
Evans &
Co.,
Corp.,
Field,
First
Chapman
Richards
of
&
Co.,
Ferris,
&
Co.,' The
Corp., Glore,
Exnicios
First
stocks
4/$3,000,000
Milhous,
&
Co.,
&
Martin
The
Leonard
Co.,
Inc., Metropolitan
McKnight, Inc., E. W.
&
Milwaukee
&
Co.,
Lynch, Moors
6c
&
&
M.
R.
C.
O'Gara
&
&
Co.,
Co.,
Otis
6c
Webber,
Jackson
6c
Patterson, Copeland
Christensen,
nam
6c
Co.,
Baudean
Pacific
6c
Cook
Smith,
Northwest
Co.,
&
Inc.,
Rauscher,
Sills,
Minton
Deane
&
6c
6c
Pierce
Schwabacher
6c
6c
Dabney
Co.,
Inc.,
&
I.
Co.,
Scott
&
M.
Simon
&
Scribner, William
wright
Co.,
Stringfellow,
Co., Singer,
R. Staats
Co., Stern Brothers
Agoe 6c Leach, Stifel, Nicolaus &
Co., Inc.,
Walter Stokes & Co., Straus 6c
B.losser, Sutro
Thomas
&
6c
&
Tyson,
Co.,
share and
per
at
of
par,
while
common
stock
Co.,
E.
W.
Thomas
Wachob-Bender
Washburn
Co.,
&
Co.,
Corp.,
Watkins,
H.
pre¬
are
4.10%
Price,
fund
Vermont
stock
Public
(no.
Service
par).
Corp. 40,000 shares of
Purpose,
additions,
better¬
ments, etc.
Price, $20.25 per share.
Burr, Inc., The First Boston
Corp.,
Hornblower 6c Weeks, Stone &
Offered
Dean
Webster
Chas.
W.
Putnam
consin
&
Co.
by Coffin &
Witter
&
Co.,
and
Blodget,, Inc.,
Scranton
&
Co., Whiting, Weeks 8c
Stubbs,
Co., Vermont Securities, Inc., and The
Wis¬
1,456,000 West
Virginia Water Service Co.
14,000 shares of. $4.50
cumulative preferred stock (no
par).
Purpose, refunding.
Price, $104 per share and div.
and
Shea
Offered
&
Co.
by Allen &
Co.
$5,266,000
IRON, STEEL, COAL,
COPPER, ETC.
$2,706,000 Signode
lative
Steel
Strapping Co. 54,000
preferred
($1,837,920),
stock
corporate
(Continued
In
On
(par
shares
of
5%
cumu
$50).
purposes
page
the
and
Townsend,
C.
Morrow
Wain¬
&
Co.,
comprehensive
two
next
pages
the four
for the
Co., Sterne.
Co.,
taken
are
all classes
Gas CO. 30,000 shares of
stock, series A (par $100).'
div.
Purpose,
Paine,
Robinson-Humphrey
Co.,
4%
Illinois Co.
Alfred
Quail & Co., The Ranson-Davidson Co.,
6c Co., Inc., Reinholt 6c
Gardner,
Co., L. F. Rothschild 6c Co.,
Inc.,
&
and
Purpose, refundin
($862,080).
Price, pa
2262)
&
The
Russ
trust
Illinois Electric &
cumulative preferred
common
Co.,
Curtis,
Park-Shaughnessy 6c Co.,
Kendall, Inc., Peters," Writer &
Piper, Jaffray 6c Hopwood, F. L. Put¬
Inc.,
Co.,
Nusloch,
Newhard,
value
par
par value
Central
Miller
Minsch, Monell 6c Co., Moore,
Cabot, Mullaney, Ross & Co.,
Co.,
Newton
stated
a
no
810,000 Central
Murphy, Favre 6c Co., Nashville Securities
Co., Newburger
&c Hano,
Newburger, Loeb &
E.
collateral
RFC.
Co.,
Co.,
Co.
1945.
refunding ($1,275,000)
($1,725,000).
Offered
by The First
Boston Corp., Central
Republic Co. (Inc.), Harris, Hall
& Co. (Inc.),
Blyth & Co., Inc., Kidder,
Peabody & Co.,
A. C. Allyn and
Co., Inc., Eastman, Dillon 6c
Co., White,
Weld & Co., The Wisconsin
Co., Shields & Co. and The
v
Louis
St.
UTILITIES
Transmission
from
construction
Cleveland
Mather
Mericka
of
$102
6c Co., Martin, Burns
Corbett, Inc., Marx & Co.,
Mason, Hagan, Inc., Mason,
& Co., A. E. Masten
6c Co., Morris
J.
&
computed at their offering
prices.)
Moran
Wm.
Gas
notes
ferred stocks of
•
Michigan
Forgan 6c Co.,
Graham, Parsons 6c Co., Green, Ellis 6c
Anderson, Gregory
& Son,
Inc., Hallgarten & Co.,
Hannahs, Ballin & Lee,
Harley, Haydon 6c Co., Inc., Ira
Haupt 6c Co., Hayden,
Stone 6c Co.,
Heller, Bruce & Co., Hill &
&
Merrill
STOCKS
(Preferred
&
Co., Hirsch &
Co., Hornblower & Weeks,
Johnson, Lane, Space & Co.,
Inc., Johnston, Lemon &
Co., Kalman & Co., Inc., W. L.
Lyons & Co., McMaster Hutchinson
and
Purpose, purchase of 1st mtge.
Price,
102 Vz.
Sold
to
Chase
National Bank of New
York, Metropolitan Life Insurance
Co., The Equitable Life Assurance
Society of the U. S.
First
National Bank
of
Chicago and Harris Trust &
Savings Bonk.
4%
Merle-Smith,
Farwell,
Co.
(Issues Maturing Up to
Including Five Years)
by
du Pont &
Co.,
Co.,
insurance
&
Notes
notes, -due Oct; 11,
Light
Corp, 1st mtge. bonds, 2%%
Purpose, refunding.
Price, 102'/2 and
Halsey, Stuart & Co., Inc., A. C.
Allyn & Co., Inc., Almstedt
Brothers, Ames, Emerich 6c
Co.,
Inc.,
Arnhold
6c
S.
Bleichroeder, Inc., Atkinson,
Jones & Co., Atwill and
Co., A. E. Aub 6c Co.,
Baker,
Weeks 6c
Harden, The Bankers Bond Co.,
Barrow, Leary
& Co.,
Baum, Bernheimer Co., Bioren 6c
Co., Blair 6c Co.,
Inc., William Blair & Co., Boettcher
and Co.,
Bosworth,
Chanute, Loughridge & Co., Braun, Monroe &
Co., Brush,
Slocumb 6c Co., Burr &
Co., Inc., H. M. Byllesby &
Co.,
Inc., John B. Carroll &
Co., City Securities Corp., E. W.
Clark
&
Co.,
Richard
W.
Clarke
6c
Co.,
Inc., C. C,
Collings & Co., Inc., Cooley 6c
Co., J. M. Dain & Co.,
Dallas Union Trust
Co., Davis, Skaags 6c Co.,
Dempsey 6c
cis I.
and
and
series,
due 1975.
interest.
Offered
bank
Placed
-
Bonds
PUBLIC
2%
sinking
retire
.
Co.
101.76
maturity.
Offered by Blyth
Lynch, Pierce, Fenner & Beane.
New
$25,000,000
Short-Term
Purpose,
to
50,000,000
6c
2%%
Purpose,
($4,100,000).
Corp.
companies through
Kidder, Peabody
Lynch, Pierce, Fenner & Beane.
1st
Woodard-Elwood
Transport Co.
Eastern Pipe Line Co,
20-year 1st mtge. and
1st
lien 2%%
series D
bonds.
Purpose, expansion of
transmission facilities,
Sold privately to five
bonds,
refunding.
Beane, Equitable Secur. Corp., W. E.
Hutton 6c
Co., The Illinois Co., Kalman 6c
Co., Inc., Kidder, Peabody
& Co., Laurence M.
Marks 6c Co.,
Stifel, Nicolaus 6c Co.,
Inc., The Milwaukee Co.,
Whiting, Weeks 6c Stubbs, The
Wisconsin
&
debentures, due April 1, 1965.
($10,900,000), working capital
privately through The First Boston
loans
*10,000,000 Panhandle
mtge.
mtge. bonds, 3% series
Price, 102% and interest.
Inc., Merrill Lynch,
Pierce,
Co.,
Petroleum
fund
Purpose, refunding.
Fenner &
due
OIL
*$15,000,000 Pan American
Co., The
Cole 6c Co.
Beecroft,
semi-annually 1950-1958.
Purpose,
privately to institutional investors.
7,500,000 Montana-Dakota
$33,100,000
&
Co., Inc.
due
Co.,
Parsons 6c Co.,
Lee Higginson
Corp.,
Paine,
Jackson
&
Curtis, Bosworth, Chanute,
Lough¬
ridge & Co., Alex. Brown 6c
Sons, E. W. Clark & Co. and
Yarnell & Co.
Graham,
Webber,
Corp.
1,
and
4,484,000 Kansas-Nebraska Natural Gas
Co., Inc., 1st mtge. sinking
fund bonds, 3%%
series due 1965.
Purpose, refunding.
Price, 106% and interest.
Offered by Central
Republic
Co. (Inc.), Coffin &
Burr, Inc., A. C. Allyn and Co.? Inc.,
Kebbon, McCormick & Co., Harold E.
Stix
Ay.
3%
equipment trust certificates,
purchase of equipment.
Purchased
from RFC at
103.50 and interest and
placed privately.
series
Vermont
series
Price,
(Inc.),
Coburn &
Securities Corp.,
& Burr, Inc., C. C.
Collings and Co.,
Courts 6c Co., S. K.
Cunningham &
Co.
First
*840,000 Southern
mtge. bonds, 2%
series, due 1975.
Purpose, refunding.
Price,
103
and
interest.
Offered
by The First Boston Corp., Central
Republic Co. (Inc.), Harris, Hall & Co.
(Inc.), Blyth &
Co., Inc., Kidder, Peabody 6c
Co., A. C. Allyn and Co., Inc.,
Eastman, Dillon & Co., White, Weld &
Co., The Wis¬
consin Co., Shields & Co.
and The Illinois Co.
Co.
Clayton
Co.,
Sanford,
,
Boettcher
Bosworth, Chanute, Loughridge & Co., Brooke,
Stokes & Co.,
Brooke, Tindall & Co., Burr & Company,
Inc., H. M, Byllesby and' Co., Inc., Caldwell
Phillips 6c
privately
ance
PUBLIC UTILITIES
Pat¬
Hut¬
due
The
Cummins, Inc., White, Hattiei
Sanford, The White-Phillips Co.,
Inc., Harold E. Wood
Co., Woodard-Elwood &
Co., Wyatt,
Neal
&
Wag¬
Yantis & Co., Inc., and Yarnall
& Co.
$14,000,000 Central Illinois Electric
terson, Copeland & Kendall, Inc., Peters, Writer & Chris¬
tensen, Inc., R. W. Pressprich & Co., Putnam &
Co.,
Riter &
Co., The Robinson-Humphrey Co., L. F. Roths¬
ton
1st
Electric
series
$362,450,000
.
Norris
Co.
Placed
StokeS
&
Edison
*6,000,000 Savannah
Inc.,
Co.,
6c
6c
Alex.
Co.,
&
&
Co., Morris Mather 6c Co., McMaster
Hutchinson
&
Co., Wm. J. Mericka & Co., Inc., The
Milwaukee Co., Minsch, Monell 6c
Co., Moore, Leonard &
Lynch, Moors & Cabot, Mullaney, Ross &
Co., Nashville
Securities Co., Newburger &
Hano, E. M. Newton & Co.,
&
Weeden
Westheimer
Hattier
Brown & Sens,
Equitable Securities Corp., First of
Michigan Corp., Folger, Nolan,
Inc., Hawley, Shepard &
Co., Hayden, Miller &
Co., McDonald 6c Co., Merrill,
Turben & Co.,
Maynard H. Murch 6c Co., The- Wisconsin
Co. and
Newhard, Cook & Co.
goner, F. S.
Co.,
Masten
Hirshberg,
Co.,
Co.,
due April
1, 1975.
Purpose, refunding.
Price, 101 and
interest.
Offered by Morgan
Stanley 6c Co., Blyth & Co.,
Inc., The First Boston
Corp., Goldman, Sachs & Co.,
Harriman Ripley 6c Co.,
Inc., Kuhn, Loeb & Co., Lehman
Brothers, Mellon Securities Corp., Drexel &
Co., Eastman,
Dillon & Co., W. E.
SgBtton & Co., Lee Higginson Corp.,
Co.,
& Co.,
Stroud
&
Co., Inc., Thomas H.
Thomas 6c Co., Wachob-Bender
Corp., H. C.
Wainwright 6c Co., Washburn
Co., Weil 6c Anold, Welsh,
Davis & Co., Wheelock 6c
Walter
•
Cleveland Corp., Glore, Forgan &
Co., Graham,
& Co.,
Granbery, Marache & Lord, Green, Ellis
&
Anderson, Gregory 6c Son, Inc., Hallgarten 6c Co.,
Harris, Hall & Co., Inc., Ira Haupt & Co., Heller, Bruce
& Co.,
Hill & Co., Hirsch & Co., Kalman &
&
O'Gara
Co., Pacific
6c
Temple
%
Securities
The First
•
26,089,000 Ohio
Northwest Co., Paine,
Webber, Jackson
Curtis, Park-Shaughnessy &
Co., Patterson, Copeland &
Kendall,
Inc.,
Perrin, West & Winslow, Inc., Peters,
Writer 6c
Christensen, Inc., Phelps, Fenn 6c Co., Phillips,
Schmertz 6c
Co., Wm, E. Pollock & Co.,
Inc., R. W.
Pressprich 6c Co., Putnam 6c
Co., The Ranson-Davidson
Co., Inc., Reinholdt &
Gardner, L. F. Rothschild & Co.,
Salomon
Bros.
&
Hutzler, Schwabacher & Co., Scott,
Horner &
Mason, Inc., Scott &
Stringfellow, Chas. W.
Scranton
&
Co., Seasongood 6c Mayer, Shields 6c
Co.,
Robert Showers,
Sills, Milton 6c Co., Inc., I. M. Simon &
Co., Singer, Deane &
Scribner, Smart & Wagner, Stern
Brothers & Co., Stix &
Co., Edw. Lowber Stokes &
&
Co.,
6c
Co.,
Blair & Co., Bosworth,
Chanute, Loughridge & Co., Braun,
Monroe & Co., Brooke, Stokes* 6c
Co., Brooke, Tindall &
Co., Burr & Co., Inc.,
Caldwell
Corp.,
Norris
Alfred
&
6c
Wertheim
Cummins, Inc., White,
Phillips
&
58,000,000 New York,
Barrow,
Co.,
Smith,
Lerchen
Inc., Weil &
Co.,
Wheelock
The WhiteCo., Inc., George H. Willis &
Co., Harold E.
Wood & Co.,
Woodard-Elwood & Co., Wurst, Dulles 6c Co.
and F. S. Yantis &
Co., Inc.
6c
•
Offered by Halsey,
Stuart & Co., Inc., Bear,
Co., Blair & Co., Inc., Alex. Brown & Sons,
Co., Inc., H. M. Byllesby & Co., Inc., Coffin 6c
Burr; Inc., Estabraok 6c Co., Harris, Hall & Co. (Inc.),
Ira Haupt & Co., Hornblower &
Weeks, Ladenburg, ThalBurr
Watling,
Anold,
1
interest.
Sterns
2259
years
year
we
tables
compare
on
the
the
April
months, figures with those
corresponding periods in the four
preceding, thus affording a five
comparison.
.
*
O
M
O
W
>
>
O
o
>
o
W
w
o
o
M
o
3
Cu
4*
&>
t—I
»—I
t—i
O
CT>
to
CO
t-1
vo
to
f
Refundi g 106,471 0
4078,965
107,8 35 27, 50 39, 462 174,80357
Capit l 28,43670
641,035 7,324, 0
$
-194
$
$
109,540
50 ,0 0
"T50,6O0
"760,6r0 1,350•, 0
25,0 0 106,471 0
50 ,0 0
150, 0
58,965
39,46 5 645, 20 61,039 16 746,8015
4,"265^0 1,82 ,0 3
Capitl
15,6403 90,26 0 59,702347 265,035
3,067,50
Total
28,60 0 "36570 0
Refundi g 5270 6 20, 0 ~36576O
72,8650
74,902 0 34,50 0 12,6 0 12,03 0
$
16,30 4,06540 419,540
New
Total
$
-1943
■i
46,70 16
5,62 0 52,395716 6,127,0
46,10 29,3450 630,91702
GFOOCVERRENPIMGNATT,,
Capit l
SOUM AFRY
New
54,8320
1 ,07541
Corp ate- Domestic—
CONGORRPEUFPAWITE
Staneds
1,50 0 21,068 25
13,4 625
20,78490
107, 806 6,127,0 28,30 0 108,3 06 lS.T576 23, 576 18,0 6
28,30 0 e48,12i0, I5,HV6O 16,0 0 107,635
7.125,0 73,46 31
60,2134
362,450 123,70 1,50 0 3,10 0 25,0 0
54,780 4,0 0
4,0 0 5,26 0 3,290, 0 34,93 07 8^915^926 23/7 ^370 76,138603 362,450. 172,960 4,790, 0 68,043 7 25,0 0 8,915 26 23,7 370 65,918603
Refundig 34,80 123,5 0 1,50 0 15,86 0
485,6790 4,0 0
4,0 0 2,731,0 1,837,920 13,4528 6,50,0
Capit l 17,650 219,0 17,230 25,0 0
60,1 0
$
$
-1945
ACHANRDTE
136,24536
6,127,0
New
10,982540
$
New
750, 0
25,16420 34,80 170,24 0 3, 7,920 29,1328 6,50,0 ~750, 0 54,8320
2,53 ,0 1,452,08 21,598025 2,415^926 2/973^ 0 50,974 01 17,650 2,754,0 1,452,08 38, 0 25 25,0 0 2,4157926 2,973 0
— —_ Agencivs—& fbuontadyies Notes- — — manufctrig heoltdcin.g, Notes- ' etc.-— manufctrig hoeldtcin.g, manufctrig heoldtcin.g, manufctrig hoeldticn.g,
OFAPRIL
bnLoaoonntged-dstesrm Short-em Prsetofckre-d stock bLonoaonngtde-tdessrm Short-em Prsetofc.kred stock boLnaonongtd-etdessrm Short-em Prsetfockd stock corpate
MONTH
6.02 ,0 19,50 35
4,84,90 3.20,0 6,02,40
2,10 0 54,712 90
Refundig 485,6790 4,0 0 17,538920 7,625 82
60,1 0 32,1 08 18,76231
2,38 540
4,562 90
Total
$
2,10 40
8,05 0
65,918603 52,160 49,0853 76,13 8
$
74,902
2,037,0
750, 0
54,780 4,0 0 49,7510 26,387603
-1945
52,0 0 2703.6 "36576
2,037 0
750, 0
Capit l
$
95.68,940
6,521,940 3.20 , 0 59,10240
7, 25,0
$
Com on Car^fUin—
foreign—
Com on Other
Com on
Total
15,6403
3,019540 "36576
4,19,540
2,102,40
91,3 06
38,99
Total
" 56 ,060 97,1403
8,05 0
Capit l
New
" 6 4,06 ~3 .6 57o 9~3,6l7o03
6,087,0 3
750, 0
73,46 31 6,529,70 79, 401
50 ,0 0
18,5270
750*,0
21,068 25 L710 13,40 6
$
154,73165
50 .0 0
5, 87,0 3
16,30
$
3,14,035 39,46 5
12,97 0
Refundig 19,5ob76 3,58375 15,il70 li.O ^O 52,173 5
-194
47,0 0
105798L03
17,0 0 15, 70 15,0 0 73,24 0
$
6.180, 30 2,60,0
(UsT.o 376O76O
6,087,0 3
6,127,0 19,50 0
Total
107,635 5,0 0 317460, 10,3950
$
50 ,0 0
8,60 0
$
New
Refundig 52,173 5 750, 0 54,712 90
-194
2,50 , 0 10,391 0 9,10 , 0 18.40 ,8 0
3,20 0 4;50, 0
Capitl
18,0 6 t5,0 0 31,4605 16, 920 234,79206
73,24 0 93,704 0 13,40 6
$
$
20,78490 6,80 10,3568 37,6 508
750. 0
$
New
YiUSNBtrnPpauotlGeOfFscvbrewhroddgfan.ammgkun,icp.llteysFTOMAFSEIPTIUHVSNRNHESLED
FTMFOAYLIANFEPHIOUVRCRPGLNDMS
Capitl
$
5,038,10
5, 0, 0
89,1650
Refundig 72,8650 2,037~6O
-1943
2,853,80
91,027 0
3,20 , 0 57,0 0
29.60720 7,40,0 1,928,50 25,08965 107,8 35
18,5270
$
95,68 940 41,3650 2,647568 159,6 508
$
4,0 ,0 39486,p0
5, 87,0 3
28,43670
" 604,0 ~376 ,o 6 8~7",42370
35,78 10 10, 0 1,975 0 28,0 0 146,504
708,965
641,035 641,035
Refundi g 57 6,06 1279 ,6
—1942
Total
Total
47,0 0
l
2,50 , 0 10,391 0 13.0, 0 57,86 0
57638,16
27853,0
109,540
89,1650 6,Yo2;i65 419,540
Capit l
1, 42,730 2,60 , 0
IO674 6
Capit l
New
67i5476 o 376Q~,6O
$
97,1403 9,720 51,74 50 158,7 53
91,027 0 4,265,0 1,82,03
$
9,10 , 0 15,470
$
New
18,5270 80,54 0 7,957,97 107,24 97
-1942 Refundi g 18,5270
$
$
$
—194
850, 0
New
Total
25,0 0 134,9085
Total
146,504 673,1 0 10,974.538 921,64938
$
12,60 0 54,73 0 30,6 0 10, 0 1,975,0
Refundig 3,50.0 39,1860 29,45720 7,40.0 1,928,50
850, 0
134,9085 1,350 7,324.0 3,067,50
Total
1 ,07541
AOFPRIL
toal. fdiingcnulouroedset BLoongan-Tdersm
BShooarnt-Tdesm . ut:iles! cscotopeaerll,,,Eqmuainpufmtent aacesnordi indausntrdl bueildtncgs, ttInrrvauedsstmingn,,Miscelanous .: utiles ecscototpealrl,,,Eqmuniupfment aacensordi inadunstrdl !'beuiltdcngs, — tIrnvaestmdin<4rug,,Miscelanous utiles seccotoeptallr,,,Eqmuanipufmceenst anodri indausntrdl bueildtncgs, .tItrnrvaeusdtsminng,,Miscelanous sceocrupritate
Governmt fogorveernigmntGLeavnadn. ♦Mcuniictpal—eStses,,PSotaeisn utiles secctooetpallr,,,Eqmuainpufmceenst anodries indausntrdl bueildtncgs, Itnrtvareudstmisngn,,Micelanous
Grand
Candian Other
Farm
United
"These
MONTH
Total
Railrods Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Total
Railroads
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Stocks—
Total
Railrods
otal—
T
Public Iron, Motors Other Land, Rub er
Oil
Railroads Public Iron,
Mot rs Other Land,
Oil
Ship ing
Total
Cn
Total
950,7 637
Refundi g 654, 65 18, 965 51,29 5 540, 0
$
-194
Capitl
New
Total
$
380,6 50
2,16703
4,0 ,0 86,250 183,46 538
98,54693
Total
150, 0
21,850 35,490 56,91759 39,40 15
46,05389 654, 65 5,0,0 9 0, 0 7,0 ,0
Refundi g 62,08 0 357,140 58,0 0 3,4980 3,60720 74,2 0 19,8 50
$
-194
5, 0 , 0 9 0, 0 7,0 ,0
150, 0
5,241,965 18, 1965
12,630 42,890 63,0 0 3,498,0 37,427806 80,1750 20,6450 61,90 0 814,0623
$
10,9837 128,30 482,7569 70, 0 3,4980 7,29315 80,1750 20,6450 8,63027
4,80,327
51,83 52 67,508 0 407,528 65,0 0 3,498,0 36,29 40 74.2 ,0 19,8150 51,295860
49,28 5 2,542,670
*
•
850, 0
25,842 65,207 25,6785 1,73640
159,60735 16,0835 41,69820 7,68 12
$
4,0 0 751,4320 409,138 96 850, 0
725,168 5
814,0623 35,490. 92,8725 8,20 612
$
421,875
78,*329708 8,162,05
Capit l 60,250 67, 50 5,0 0
467,5938 28,50 269,31723 963,4821
Total
$
-
16,08 35 16,08 35 7•,628,7-40 36,857 45
15,846105 159,60735
19,30 0 167,350 2,0 ,0 3,0 ,0 132,90(7 49,0 0 3,0 ,50 ~ 9576 O 03,6*5007 380, 50
$
"T
4,135,30 5,930 37 ,0
New
,
37, 4 67
15,0 0 2,53,20 921,875 86,913 8 19,30 0 192,4 790 2,0 ,0 3,0 ,0 176,4 03 64,0 0 3,0 50 ~ 9~576 2,53,20 4,571,875
43,26403
25,0970
-
4,80,327 49,36 812 60,250 75,30 740 5,0 0 40,93275 5,930 373,0 0
.
Refundig 158,362940
3,402784
Capitl 2 ,317560
74,926748 8,162,05
$
-1942
$
New
Total
$
16,7564 162, 0 81,6304 403,2918
421,875
305,8214 6,450 187,6189 560,1 3
Capit l
Total
New
12,7328 90, 0 148,05 85,620 46,372 8
$
95~0 0
19,30 0 42,67420 2,0 ,0 3,0 ,0 Il5r423~860 36,7450 1,80,0 3,6~50
$
$
921,875
21,8069 43,26403 15,0 0 2,53 20 83,510 64 19,30 64,81 6 2,0 .0 3,0 ,0 156,70263 51,37450 1,80,0 ~ 9~5,6 o 2,53,20 4,571,875
2,317560
25,60 85,70 3,250, 0 61,850 1,89*5^0 2,05,0 1,793,0 182,4 0
468,795
12,0 0 2,102,40 17,6820
12,0 0
Refundi g 10, 0 74,690 25,97 28 1,745,0 I.~793",6oO 14.9,28
20,39 7 25,60 87,5240 3,250, 0 91,6820 1,89576 2,518,795 1,793,0
—
34,5128 1,7456 17 9375
8,5370 10, 0 74,690
8,537,0
$
-1943
128,46372 19,47610 12,650 1,20,50
3,402,84
3,40284
158,362940
$
214,58739 90, 0 154,870 178, 9672 638,25069
179, 80 12,0 0 12,604 7,3697 2,50, 0
Refundig 14,9 28 8,5~3760
-1943
Refundi g 125,06^80 19,476140 12,65 0 1,20,50
-1942
YSiUBMPNtrnpauoletscvGlcwnFbvheaodifg,kurdgamynsf,cyFSUh$bMP2p,385d.i0sFA3EMTFISNPTOUIVHODNR0AHUSRLED 957204,613085•,3227416919,83,0305
YFEA3MNITPFOVMIDALRH0UOAONUSLCPDG
—•
—
Capit l 15,60 1,07 0 3,250, 0 35,872 "lToi o 2,05,0
91,85619 6,80 93,16 72 19,87 41
Capitl 65,80372 12,0 0 4,065.40 7,36,97 2,50, 0
$
New
New
12,0 0 2,10 40 9,231 02 ., 468,795
12,0 0
68,05372
$
1,802397 15,60 13,740 3,250 57,103974 ~"ilfo76 o 2,518795
.
—
V-
■-
;
--
750, 0
389,02 0 21,098 2,45706 26,0 0
750, 0
Refundi g 26,03 75 137,29 18 26,0 0
429, .593 1,953 0 16,7450 62,5024 7,290, 0 628,3(
Total
-
$
-194
51,6370 24.0, 3,90,0 32,70 0 40,5 0 15, 0 47,0 0 415,02 0
75O7 O
Total
$
$
-194
750, 0
750, 0
Refundi g 26,0 0 23,0 40 ,0 5,18,375 15,~ 760 2,"O57 6O 29,03 75
649,308 6 til,953 0 16,7450 16,4826 20. ,0 914,65 70
$
27,10 142?,96 0 10,3890 45,0 0 — 8,25,0 23,5680 51,6370 25,10 3,90,0 175,62906 50,8 90 15, 0 45,0 0 5,2850
.
^
40 ,0 0
21,05 0 69,0 218 45,0 0 2,10,0 137,29 18 26,0 0 245,10 74,27593 157 6 45,0 0 24,1570
750, 0
•
j.
Capit l 25,6370 90,00 3,50,0 27,541625 40,5 0
Capitl 526,179.
New
Total
$
219,30213 54,398~024 12,70 286,41723
73,80T582 2,45706
1,25389 0 4,0 0 158,064 46,02789 25,0 0
New
Total
1,527069 17,3860 301,2 0 359,0 2 2,0461589
CIOSRPUEAT
$
6,120, 0
24,930
$
$
10 ,0
30,6 0 89,70 0 38,0 0 9,23,0 3,0 0
64,8905 463,70
. 73,89 68 10,3890
——
km.
6,185,0 96,3758 25,6370 7,02 ,0 3,50 , 0
31,280
10,435 1 50,8 90
10 ,0
4,0 0 15,3410 3,290 126, 901 10,9 26 48,723 0 204,1 297 64,8905 52,710 3,890 216,3901 38,0 0 10,9 26 9723765 51,723 0
4,0 0
\11,2217,,8957979658050
ONGARENUFPWID
FCOORPEIFGANT,
3AEPNDR0IL naoteds — ; naoteds — — naoteds Governmt governmt—AGcis.&Municpt.al—e-Ste,s,Posin ;—— SbfiatnuocnnleyddiossetQPbourf$o1v5nr,n0ccfe 3AEPNR0DIL NoBteoasn-ds — : ecotpr, manuf-. ace—sori■maanuf,nctrdig — etc. ,hetortlatrdcuin.sg,, NoBteoasnn-dds —: ectop.-,manufctres- ories maanufnctdrig etc I;httreorauldtscin.g,, *; ecotp,manufctres ■'»oi maannufcdtrig etc htroetarldutcisn.g,, eop, manufctres:—. —-oi maanufnctrdig e•t—c, " . heotl~dtrucsin,"ag — 12,24847'■05s9ecurit
FGOAVERNMT, frmounicpaltesbdy
-1945 Refundi g 4 ,0 0 79, 14056 8,50 432 25,0 0
1,284 098 17,3860 285,0 210,830 1,794 8
$
1,2679850
Capitl
New
$
24,78509 16,950 148,902 407,1 83
127,094 78,"l2~34 37,519465
SUM ARY
bonds stock-. bonds bonds
do
Refundi g 597,4250 461,250 30,5 0 58,06 0 ~T6b7o 4,32,0
Capitl 47,380 2,14,0 10,0 31,620 38,0 0
New
Other
Grand
Total
Other Farm
*
3,501850 1,452Q80 82,57185 3,590,26 24,57 098
127,094
15,69180 47,380 5,615.80 1,52,08 14,20385 38,0 0
3,590726 4,9070 27,5 098
CHAR TE
MONTHS Corpate-— Domestic- Long-term Short-em Psretofckred Com on Candi- Long-term Short-e—m Presftocrked Cosmtockon foreign- Long-term Short-em Presftocrked Cosmtocko-n corpate Candian foreign Loaandn SUtaniteesd toal— fi•gTuhreesse tlncudes MONTHS Long-Term Railrods utiles— csoteal,l, Equipment Maontdrs industral
4
4,90 , 0 3,0 0
$
4,0 0 1,839150 1,837920 4,097146 6,50,0 24,1827 8,42 8 597,4250 517,0915 32, 7920- 102,6514 ~To 76o 6,50,0 4732765 24,1827
4,0 0
$
-1945
Public Iron,
buildngs, ShipingInvestmn Miscelanous Short-Tem Railroads utiles sctoeall,,Equipment and industral buildngs, Ruber Shipng Investmn Miscelanous
Total
4
Other Land,
Oil
Public Iron, Motors Other Land,
Oil
Stocks-
1,527069
utiles— csoteall,, Equipment and industral buildngs, Ship—ng Investm Miscela—nou Railrods utiles costael,l, Equipment and industral Land'buligs, Investm Miscelanou corpate
Public Iron, Motors Other Land, Rub er
Total-
Public Iron, Mot rs Other
Rub er
Total
^1
H
-m
COMMERCIAL & FINANCIAL
THE
£262
Monday, May 21, 1945
CHRONICLE
Offered—24,948 shares offered in
and
shares
unexchanged
stock,
exchange for preference
the other 29,052 shares
Republic
Kebbon, McCormick & Co., Central
Co., Inc., Harris, Hall & Co. (Inc.), Lee Higginson Corp.,
P. S. Moseley & Co., Farwell, Chapman & Co., Laurence
M. Marks & Co., The Milwaukee Co. and Paine, Webber,
offered
by
Curtis.
Jackson &
40,000 shares of common
Co.
Strapping
Steel
590,000 Signode
(par
Corp., P.
Co., Laurence M.
Higginson
&
'
$3,290,000
$3,000,000 Bell
$103 per share.
Offered by
Inc., Lehman Brothers, Kebbon,
Price,
poses.
Becker & Co., Inc., William
Whipple & Co., Paul H. Davis & Co.
Bacon,
&
Noyes
G.
A.
Co.,
stock
Harriman
McCormick
Blair & Co.,
and Hemphill,
2,500,000 Dewey & Almy Chemical Co.
lative preferred stock
(par
25,000 shares of $4.25 cumu¬
$100). . Purpose, refunding
I
Tully
The
stock (par $1).
shares of common
working capital.
Price, $8 per share.
Offered
O'Connor & Co., C. L. Schmidt & Co., Inc.,
Dempsey & Co., A. G. Edwards & Sons, Sills, Minton &
Co., Inc., Courts & Co., Cruttenden & Co., Kalman &
Co., Inc., and Mason Brothers.
Purpose,
Doyle,
by
1,032,000 Harshaw
stock
43,000 shares of common
Co.
Chemical
Purpose, general corporate purposes.
Price,
share.
Offered by Field, Richards & Co., Mc¬
& Co., Eastman,
Dillon & Co., Shields & Co.,
par).
(no
$24
per
Donald
& Co., Otis & Co., Hayden, Miller and
Cleveland Corp., Curtiss, House & Co.,
Fahey, Clark & Co., G. H. Walker
& Co., Ball, Burge & Kraus, and The Ohio Co.
1,000,000 Hytron Radio & Electronics Corp. 200,000 shares of
First
The
Co.,
& Co.,
Davis
Paul H.
working capital.
Price, $5 per share.
Offered by Herrick, Waddell & Co.,
Inc., Mann & Gould, Amott, Baker & Co., Brailsford &
Co., Brush, Slocumb. & Co., Nelson, Douglass & Co., Enyart,
Van Camp & Co., Inc., Link, Gorman & Co., Inc., R. H.
Johnson
& Co., Maxwell, Marshall & Co., Sutro & Co.,
State
Investment
Co.,
Clayton Securities Corp., Sills,
Minton
& Co.,
A. L. Stamm & Co., Stirling, Morris &
Bousman,
Newburger & Hano, Irving J. Rice & Co.,
Hall, Tattersall & Co., Emerson & Co., Inc., J. H. Goddard & Co.,
Prescott & Co., Clair S. Hall & Co. and
stock
common
f
Purposes,
$1).
(par
40,000 shares of $4.50 cumulatixe preferred
stock,
series A (no par).
Purpose, refunding.
Price,
$103 per share and div.
Offered by The First Boston
Co.
4,120,000 Kendall
!
Eastman,
Coffin
.
Burr,
'
Co., F. S. Moseley & Co.,
Dillon & Co., Paine, Webber, Jackson & Curtis,
Sachs
Goldman,
Corp.,
I
/
A"-..
Co.
McDonald &
&
&
v
and Hornblower & Weeks.
Inc.,
20,000 shares of 414 %
2,000,000 McQuay Norris Manufacturing Co.
cumulative
preferred stock
(par
'
Purpose, pay
capital require¬
share and div.
subscription to stockholders.
Unsubscribed
by Shields & Co.,
Hornblower & Weeks,
$100).
;
'
promissory
note
($1,000,00(3), working
ments
($1,000,000).
Price,
$105 per
t
for
Offered
(
shares
sold
Co., Auchincloss, Parker & Redpath,
Reinholdt & Gardner, Kebbon, Mc¬
Cormick & Co., Mitchum, Tully & Co., Piper, Jaffray &
Hopwood, G. H. Walker & Co., Farwell, Chapman & Co.,
Cruttenden & Co., Daniel F. Rice & Co., Bacon, Whipple
& Co. and Riter & Co.
750,000 Miller-Wohl Co., Inc. 15,000 shares of 5%
cumulative
preferred stock (par $50).
Purpose, pay promissory note
($500,000), open additional stores ($250,000).
Price, $50
per share and div.
Offered by Allen 8c Co.
850,000 Northwestern Leather Co.
17,000 shares of $2.50 con¬
vertible
preferred stock; (no par).
Purpose, refunding.
Price, $50 per share.
Offered by The First Boston Corp.,
First of Michigan Corp., G. H. Walker & Co. and Whiting,
Newhard, Cook &
McDonald & Co.,
j
)
f
:
Weeks
Leather.
Offered
share.
&
refunding.
Price, $10 per share.
by same underwriters as offered $1,000,000 de¬
(see above).
*
Offered
bentures
6,750,000 Rath
t
■
Purpose,
Price,
($3,750,000).
•
scription
holders
to
Peabody
Co.,
&
Co.,
F.
S.
Inc.,
Moseley
Hemphill,
&
Stone
Co.,
Noyes
&
Co.,
'
!
E,
W.
Clark
&
Co.,
J.
M.
8c
Webster
Bacon,
and
Whipple
&
Dain &
Co., Dempsey
Co., Hallgarten 8c Co., Kalman 8c Co., Inc., Rauscher,
& Co., Inc., Ball, Burge 8c Kraus, Cruttenden &
Co., R. S. Dickson & Co., Inc., Clement A. Evans & Co.,
Inc., Hayden, Miller & Co., The Illinois Co., Johnson,
Pierce
mr.
r?n
r i >
ri
Lane,
Space
&
Boyce,
nrin
S !•?
& Co., Inc., Kirkpatrick-Pettis Co., A.
E.
Co., Moore, Leonard & Lynch, Stein Bros. &
Julien Collins & Co., Edward D. Jones & Co.,
Masten
78,000 Univis
Rharl
,
Ross & 12,000 shares of Northwest Co.
Co. and Pacific
Co.
Lens
o?fUrp®.Sev! w°Fkin£ Co.
Offered by Allen & capital, etc.
720,000 Wilcox-Gay
O
ered
Chapin
common
Corp.
180,000 -shares
T Knhhf? M*;
&
Co
$34,943,307
of
stock
•
. (par
50
Price, $6.50 per
common
Price' $4
stock
(par
share.
Gearhart & Co., Inc., and Carr,
Minton
& Co., Inc., Courts & Co., Crut¬
and Mason Brothers.
Co., Kalman & Co., Inc.
&
77,500
1
•
,
.
Cv;,\V-
stock
Hig¬
& Co. 10,000 shares of
common stock (par $1).,
Price, $7.75 per share.
Offered
by Allen & Co., Brailsford & Co., Sills, Minton & Co.,
Inc., Straus & Blosser, Link, Gorman & Co., Inc., First
Securities
Co., Kitchen & Co., Brush, Slocumb & Co.,
Emanuel & Co.,
Loewi & Co., R. H. Johnson & Co.,
Boettcher & Co., Johnston, Lemon & Co ; Stein Bros. &
Boyce,
E.
W.
Clucas & Co., Coburn & Middlebrook,
Schoellkopf, Hutton & Pomeroy, Inc., Westheimer & Co.
and
Hamlin
Lytton
C.
Henry
Hub,
(The)
& Lunt.
125,000 Hytron Radio & Electronics Corp. 25,000 shares of com%
mon
stock (par $1).
Price, $5 per share.
Offered by;
Herrick, Waddell & Co., Inc., Mann & Gould, Amott, j
Baker & Co.,
Brailsford & Co.. Brush, Slocumb & Co.,;
Douglass &
Nelson
.
'
v
Inc.,
& Co., Stirling, Morris & Bousman, Newburger & Hano,;
Irving J, Rice & Co., Hall, Tattersall & Co., Emerson &;
;
,
Co., Enyart, Van Camp & Co.,
Link,'Gorman & Co., Inc., R. H. Johnson & Co., Max-;
well, Marshall & Co., Sutro & Co., State Investment Co., \
Clayton Securities Corp., Sills, Minton & Co., A. L. Stamm;
J. H. Goddard & Co., Prescott
and McDonald & Co.
Co.,
Inc.,
Hall
.
& Co., Clair S.i
& Co.
..
232,500 Kearney & Trecker Corp. 10,000 shares of common stock
(par $3).
Price, $23VSt per share.
Offered by Blyth <Sa
V ■
Co., Inc.'
..
V
.■
;
.
2,789,800 Los Angeles Transit Lines 429,200 shares of common stock
t
(par $10).
Price, $6.50 per share.
Offered by Blyth <Ss
:-y- Co., Inc., W. C. Langley & Co., Lazard Freres & Co.
Wertheim & Co., Dean Witter & Co., Laurence M. Marks
& Co., Pacific Co.
of California, Alex. Brown & Sons,
Reynolds & Co., William R. Staats Co., Stein Bros. &
Boyce, Hill,
Richards & Co., Bateman, Eichel
Co.,
Mason Bros., and Shuman, Agnew & Co.
•
Co., Inc. 15,000 shares of 5% cumulative
preferred stock (par $50).
Price, $50 per share and div.
Offered by Allen Sc Co.
)
(,
750,000 Miller-Wohl
,
675,000 Miller-Wohl Co., Inc. 50,000 shares of
(par $1).
Price, $13.50 per share. Offered
stock
common
inated with J.
(par
$3).
Price,
Co.
$46Va
common
stock
by Allen & Co.
10,000 shares of
per
share.
Orig¬
& W. Seligman & Co.
5,700,000 National Power &
y V
stock (no par).
-
Light Co. 600,000 shares of common
Price, $9.50 per share.
Offered b>
Corp. and associates.
Union Securities
Walker & Co. and Dean
Regulator
Honeywell
f465,000 Minneapolis
•
Manufacturing Co. 300,000 Shares of common stock
Price, $10 per share. Offered by Paul H. Davif
& Co., Adamex Securities Corp., A. C. Allyn & Co., Inc.
Ames,
Emerich & Co., Inc., George H.
Grant, Bear
Stearns
& Co.,
J. C. Bradford & Co., Courts & Co.
Dempsey & Co., The First Cleveland Corp., First Securities
Co.
of Chicago, R. H. Johnson & Co., Link, Gorman <5.
3,000,000 Oak
Co.
(par '$l).
>
/
Mason Brothers, Mason, Moran & Co,, Moore
David A. Noyes & Co., Reynolds & Co.
& Co., Scharff & Jones, Inc., -Scherck
Richter Co., Sidlo, Simons, Roberts & Co., Sills, Minton &
Co., Inc., Stein Bros.- & Boyce, Straus & Blosser ant
Woolfolk, Hugglns & Shober.
■yi
of Omaha.
'
Roney
C.
Wm.;
Water Service Co. 80,880 shares of common stocl
$10).
Price, $15.25 per share.
Offered by Otis S
(Inc.), George D. B. Bonbright & Co., Courts & Co.
Glover & MacGregor, Inc., Edward D. Jones & Co., Berwyi
T. Moore & Co., Inc., Kirchofer & Arnold, Inc., Pattersoc
1,233,420 Ohio
(par
V:.".
Co.
Copeland Sc Kendall,
:
.
& Lynch,
Leonard
,
..
Inc.,
Co.,
Stein
$23,723,370
Sills,
Sons,
tenden
.
.
Shields &
National Co.
Boyce,
&
Bros.
Inc., Rauscher. Pierce & Co., Inc
Straus & Blosser and .Harold I
Wood & Co.
.
.
2,207,425 Panhandle
LOAN AND GOVERNMENT
AGENCY ISSUES
$52,160,000 Federal Intermediate Credit Banks consolidated deben¬
tures,
consisting of $22,260,000 0.80%, dated May 1,
1945, due Nov. 1, 1945, and $29,900,000 0.87'/2 %,■ dated
May
1,
1945, due
Feb. 1, 1946.
Purpose, refunding
($46,140,000), new money ($6,020,000).
Price, par. Of¬
fered by Charles R. Dunn, fiscal agent, New York.
Eastern
NOT REPRESENTING
(no
by The First
Trask &
Co.
&
Co.
Steel Co. 4,500 shares of capital stock, (par $25).
$26 Va per share.
Originated with F. S. Moseley
1
■
t837,150 American
stock
(par
Cable & Radio Corp. 27,905
$1).
Price, $30 per share.
Lehman Brothers.
shares of capital
Originated with
Brothers, Drexel
Hutton & Co.,
Paine, Webber, Jackson & Curtis, Stone & Webster and
Blodget, Inc., Dean Witter & Co., Dominick & Dominick,
Equitable Securities Corp., Alex. Brown & Sons, Stern
Lovett Abercrombie
Whipple &
Co., Oscar Burnett & Co., Courts & Co., Dewar, Robertson
& Pancoast, R. S. Dickson & Co., Inc., Francis I. du Pont
& Co., Clement A. Evans & Co., Inc., R. N. Eddleman &
Co., Folger, Nolan, Inc., J. J., B. Hilliard & Son, Johnson,
Lane, Space & Co., Inc., McClung & Knickerbocker, Inc.,
Mosle & Moreland, Inc., Nashville Securities Co., Neuhaus
&
Co.,
Newhard, Cook & Co,, E. M. Newton & Co.,
Rauscher,
Pierce & Co., " The Robinson-Humphrey
Co.,
George V. Rotan Co., Starkweather & Co., G. H. Walker
& Co., Chas. B. White & Co., White, Hattier & Sanford
and
&
Co.,
The
5V2% cumt
J
Blosser."
32,000 shares of common stock (no par
Offered by Smith, Barney & C
Superior Oil Co. of Calif. 11,000 shares of common stoc
(par $25).
Price, $118 per share.
Offered by Dillo:
$25% per share.
Price,
1,298,000
Read & Co.
Weeks, Kidder, Peabody & Co., Lehman
&
Co., Hemphill,
Noyes & Co., W. E.
Brothers
share.
804,000 Superheater Co.
.
11,000,000 Anderson,
Clayton & Co. 250,000 shares of common
stock (par $21.80).
Price, $44 per share.
Offered by
Morgan Stanley &
Co., Harriman Ripley & Co., Inc.,
Merrill Lynch, Pierce, Fenner & Beane, Smith, Barney
& Co., Blyth & Co., Inc., Clark, Dodge & Co., The First
Boston
Corp.,
Goldmon,
Sachs & Co., Hornblower &
& Co.,
Co., Inc. 60,542 shares of
preferred stock (par $10),
Price, $1
Offered by First Colony Corp. and Straus
convertible
lative
NEW FINANCING
per
Price,
Pipe Line Co. 69,800 shares of com
par).
Price, $31% per share.
Offere
Boston Corp.
\
532,500 Rayonier, Inc. 30,000 shares of common stock (par $L
y
Price, $17% per share,
Offered by Blyth & Co., Inc.
t276,250 Shell Union Oil Corp. 10,000 shares of capital stock (pa
$15).
Price, $27% per share.
Originated with Spenct
stock
mon
605,420 Simplicity Pattern
t$119,250 Acme
&
if i
H.
50,000 shares of 5% cumu¬
$25).
Purpose, refunding
($750,000),
reduce
current obligations and other cor¬
porate purposes ($500,000).
Price, $25.75 per share and
div.
Offered by Cruttenden & Co., The First Trust Co,
(Lincoln, Neb.), Boettcher & Co., Sullivan & Co., Law¬
rence Brinker &
Co., Burns, Potter & Co., Inc., and The
Dillon &
Brothers,
Dean Witter &
W. E.
Stubbs,
i !
H
Co.
and
ISSUES
Inc., Eastman,
Inc., Lehman
Co.,
&
&
:
2,689,500 Household Finance Corp. 100,000 shares of common
Ci-7.IV.
(no par).
Price, $26% per share.
Offered by Lee
ginson Corp. and William Blair & Co.
stocks.
Hutton & Co., McDonald & Co., Wheelock &
Cummins, Inc., William Blair 8c Co., G. II. Walker & Co.,
The Wisconsin Co., Butcher 8c Sherrerd, Hanna-Kramer
Co., Laurence M. Marks & Co., Maynard II. Murch & Co.,
Putnam &
Co., Schwabacher & Co., Whiting, Weeks &
Co.,
wood
Kidder,
Quail & Co., Central Republic Co., Inc., A. C. Allyn
Inc., Harris, Hall & Co., Inc.,
Hornblower &
Blodget,
j«*r
&
~
1,250,000 Securities Acceptance Corp.
lative
preferred stock
(par
by
offered
Co.,
Weeks,
.
I
Blyth
Ripley
Co.,
and
G.
Corp.,
of common Stock
equipment, etc.,
Price, $23 per share.
Offered for subscription to stock¬
holders;
unsubscribed
shares
offered by Auchincloss,
Parker & Redpath, Alfred L. Baker & Co., J. M. Dain &
Co., Paul H. Davis & Co., Hornblower & Weeks Kebbon,
McCormick & Co., Kidder, Peabody & Co., Merrill Lynch,
Lynch, Pierce, Fenner & Beane, Pacific Northwest Co.,
Paine, Webber, Jackson & Curtis, Piper, Jaffray & Hop-
preferred
and
common
Merrill Lynch, Pierce, Fenner 8c Beane,
;
.
&
Harriman
Co.,
of
Offered for sub¬
share.
$33.75 per
underwritten
shares
Unsubscribed
,•
Co. 200,000 shares of common stock (par
refunding ($3,000,000), working capital
Packing
$10).
••
shares of common stock
50,000
Purpose,
$1).
(par
.
Co.
&
Witter
FARM
Manufacturing
•
Corp.,
by
Stubbs.
500,000 Oak
a
Co.
Purpose, refunding.
The
First Boston
$1).
(par
Securities
4,098,370 Northwest Airlines, Inc. 178,190 shares
(no
par).
Purpose,
acquisition
of
shares of
Price,
38,662
common
$11 per
First of
Michigan Corp., G. H. Walker 8c Co. and Whiting, Weeks
stock
B. Cahn & Co.,
House & Co., Paul
Frank
Union
Stubbs.
&
425,282 Northwestern
1,200,000 Hallicrafters Co. 150,000 shares of common stock (par $1).
Price, $8 per share.
Offered by Doyle, O'Connor & Co.,
h
C. L. Schmidt & Co., Inc., Dempsey & Co., A. G. Edwards
•
Central/Republic Co., Inc.,
Curtiss,
H. Davis & Co., Dempsey-.,
Tegeler & Co., Eastman, Dillon & Co., The First Boston
Corp., Glore, Forgan & Co., Hallgarten & Co., Harriman
Ripley &
Co., Inc.,
Hawley, Shepard & Co., Hayden,
Miller
&
Co., Hemphill, Noyes &
Co., Hornblower &
Weeks, Edward D, Jones & Co., Kidder, Peabody & Co.,
Kuhn, Loeb & Co., Mackubin, Legg & Co., Laurence M.
Marks & Co., McDonald & Co., Mellon Securities Corp.,
Merrill
Lynch,
Pierce,
Fenner
&
Beane," Merrill,
Turben
&
Co.,
Morgan
Stanley & Co.} Maynard H.
Murch & Co., Newhard, Cook & Co., Paine, Webber, Jackson
& Curtis,
Piper, Jaffray & Hopwood, Reinholdt &
Gardner, Reynolds & Co., L. F. Rothschild & Co., Schwabacher & Co., I. M. Simon & Co., Smith, Barney & Co.,
Smith, Moore & Co., William R. Staats Co., Stein Bros,
& Boyce, Stern Brothers & Co.,1 Stifel, Nicolaus & Co.,
Stix & Co., Swiss American Corp., Spencer Trask & Co.,
Sons,
stock (par $5).
& W. Seligman
with Lehman Brothers.
-
Grayson Shops,
(The)
& Co., Pacific Northwest Co.,,
and Singer, Deane & Scribner.
•/'
■t347,500 Federated Department Stores, Inc. 10,000 shares of com¬
mon
stock (no pair).
Price, $34% per share.
Originated
.
Turben
Merrill,
McDonald
Co.,
& Co.,
'
Inc.
600,000 Hallicrafters Co. 75,000
&
■
share.
$10 per
Merrill Lynch,
tl70,500 Cuneo Press, Inc. 5,500 shares of common
Price, $31 per. share.
Originated with J.
stock (par
Inc. (of Calif.) 100,000 shares of
common stock (par $1).
Purpose, working capital. Price,
$7,50 per share.
Offered by Emanuel & Co., Buckley
Brothers, Van Alstyne, Noel & Co., Johnston, Lemon &
Co., Courts & Co., Hirsch & Co., Straus & Blosser, Sutro
&
Co., Maxwell, Marshall & Co., Taussig, Day & Co.,
Inc., Allen & Co., Cohen, Simonson & Co., Carlton M,
Higbie Corp.j. Newburger & Hano and Kuhn, Loeb & Co.
775,000 (The) Hub, Henry C. Lytton & Co. 100,000 shares of
common stock
(par $1).
Purpose, expansion, etc.
Price,
$7.75 per share.
Offered by Allen & Co., Brailsford &
Co., Brush, Slocumb & Co., First Securities Co. of Chi¬
cago, Loewi & Co., Sills, Minton & Co., Inc., Straus &
Blosser, Emanuel & Co , R. H. Johnson & Co., Boettcher
;
,r
& Co., Johnston, Lemon & Co., Stein Bros. &, Boyce, E. W.
Clucas & Co., Coburn & Middlebrook, Schoellkopf, Hutton
&
Pomeroy,
Inc., Westheimer & Co., Link, Gorman &
Co., Inc., Hamlin & Lunt and Kitchen & Co.
15,525,000 May Department Stores Co. 150,000 shares of $3.75 cumu¬
lative preferred stock
(no par).
Purpose, general cor¬
porate
purposes.
Price, $103.50 per share and divs.
Offered by
Goldman, Sachs & Co., Lehman Brothers,
A. C. Allyn & Co., Inc., Baker, Watts & Co., Ball, Burge
& Kraus, A. G. Becker & Co., Inc., Blyth & Co...Inc.,
Bosworth, Chanute, Loughridge & Co., Alex. Brown &
750,000
Ripley
Pomeroy,
Price,
capital.
by Welsh, Davis & Co.
Offered
&
10,000 shares of class A
working
Purpose,
$10).
First
Hutton &
Foods, Inc.
100,000 Freezer
Co., Blyth & Co., Eastman, Dillon &
Boston Corp., Goldman, Sachs & Co.,
& Co., Inc., Lehman Brothers, Merrill
Lynch, Pierce, Fenner & Beane. Union Securities Corp.,
White, Weld & Co., Clark, Dodge & Co., Paine, Webber,
Jackson & Curtis, Folger, Nolan & Co. and Schoellkopf,
Mitchum,
Marks
Piper, Jaffray & Hopwood
Ss Co., Glas & Crane
Tyner & Co., Inc., Baldwin, White
and Edward Mitchell Edwards.
refunding ($3,700,000), working
capital
($1,918,025).
Price, $52.50 per share.
Offered
for
subscription to
common
stockholders, unsubscribed
shares underwritten and offered by Kidder, Peabody & Co.,
Granbery,
Co.,
'Dominick,
Estabrook &
Lord, Lee Higginson Corp.,
White, Weld & Co., Alex. Brown
&
Sons, Alex. Brown & Sons, Hemphill, Noyes & Co.,
Hornblower
&
Weeks,
Carl M. Loeb, Rhoades & Co.,
Paine, Webber, Jackson & Curtis, Shields & Co., William,
Blair & Co., Clark, Dodge & Co., Equitable Securities
Corp., Hayden, Miller & Co., Moore, Leonard & Lynch,
Reynolds & Co., G. H. Walker & Co., The Wisconsin Co.,
Courts
&
Co.,
Doolittle, Schoellkopf & Co., J. J. B.
Hilliard & Son, Kebbon, McCormick & Co., Laurence M.
,
& Co., Fahey, Clark & Co., Hincks Bros. & Co., Inc.,
Minot, Kendall & Co., Inc., Goodwyn & Olds, The State
Investment Co., Chace, Whiteside & Warren, Inc., Peabody,
A
Purpose,
$10).
&
Pierce, Fenner & Beane,
i
stock
107,010 shares of common
Machinery Corp.
&
Marache
-
construction, acquisition of additional manu¬
facturing facilities, etc. ($1,750,000).
Price, $102.50 per
share.
Offered by
Paine, Webber, Jackson & Curtis,
Estabrook & Co., The First Boston Corp., Hornblower &
Weeks, Lee Higginson Corp. and F. S. Moseley & Co. •
-
•
Dominick'
.
($750,000),
Harriman
'
MISCELLANEOUS
$1,225,000 American Casualty Co. of Reading, Pa. 100,000 shares of
capital stock (par $5).
Purpose, increase-investment in
subsidiaries,
capital account.
Price, $12.25 per share.
Offered
for
subscription to
stockholders unsubscribed
shares.' Offered by Huff, Geyer & Hecht, Paine, Webber,
Jackson
&
Curtis, McDonald & Co., Cohu & Torrey,
Loewi & Co.,
Buckley Brothers, Reynolds & Co., First
Cleveland Corp., Stein Bros. & Boyce, Joseph & Co., Inc.,
The Ohio Co., Revel Miller & Co., Sutro & Co., Wulff,
Hansen
& Co., George D. B. Bonbright & Co.,
W. R.
Bull & Co., Inc., Granbery, Marache & Lord, Heronymus
Lazard Freres & Co., Blyth & Co., Inc., Gold¬
& Co.,
Kidder, Peabody & Co., Lehman
Brothers, Mellon Securities Corp., Smith, Barney & Co.v
Dominick & Dominick and Estabrook & Co.
Co.,
stock
10,308,500 Corning Glass Works 412,340 shares of common
(par $5).
Price, $25 per share.
Offered by Harriman
Ripley & Co., Inc., Lazard Freres & Co., Biyth & Co., Inc.,
Goldman, Sachs & Co., Kidder, Peabody & Co., Lehman
Brothers, Mellon Securities Corp., Smith, Barney & Co.,
$8,915,926
Sachs
(par
Co., Inc.
subscription
for
Price,
•- ;
$5),
(par
stock
Originated by E. F.
Casualty Co. 2.000 shares of common stock
$4914 per share.
Offered by Blyth &
, ■■ ■
'
'
'
-98,500 Continental
.
29,900 shares of common
per share.
& Co. and Shields & Co.
$48>/»
Price,
par).
Hutton
.
!■
1
.
T. Financial Corp.
I,
(no
Purpose, working
Offered
Co,
Inc.,
5,618,025 Food
-'Noyes & Co.
to common stock¬
holders.
Underwritten by Kidder, Peabody & Co., Gold¬
man, Sachs & Co. and Ball, Burge & Kraus.
50,000 shares of cumulative pre¬
ferred stock, 3Vs7v series (par $100).
Purpose, moderniz¬
ing and expanding manufacturing facilities and plants.
Price, $100 and divs.
Offered by Harriman Ripley &
Co.,
;
Rubber Co. 65,857 shares of common
capital. Price, $21.50
&
$5).
(par
share.
per
Glass Works
5,000,000 Corning
man,
Tire
1,415,926 General
414%
Ripley & Co.,
&
1
Howell Co. 30,000 shares .of cumulative preferred
series (par $100).
Purpose, corporate pur¬
&
stock,
Co.,
waukee Co.,
MANUFACTURING
AND
INDUSTRIAL
Coffin & Burr, Inc., Hallgarten & Co.; The Mil¬
Putnam & Co., Reinholdt & Gardner, Bacon,
Whipple & Co., Baker, Weeks & Harden, Clement A.
Evans & Co., Inc., and Piper, Jaffray-& Hopwood.
&
.
fl,442,925 C.
Forgan
purposes.
Curtis.
Paine, Webber, Jackson &
OTHER
& Co., Inc., Hornblower jfc
Shields & Co., Union Securi¬
ties Corp., Hayden, Miller & Co., McDonald & Co., Paine,
Webber, Jackson & Curtis, A. C. Allyn & Co., Inc., R. S.
Dickson & Co., Inc., Mitchum, Tully 8c Co., G. H. Walker
"V
& Co., Harris, Hall
Weeks, W. E. Hutton & Co.,
Price,
McCormick & Co.,
& Co. (Inc.), Lee
S, Moseley & Co., Farwell, Chapman
Marks & Cc-., The Milwaukee Co. and
$1).
Purpose,
corporate
$14.75 per share.
Offered by Kebbon,
Central Republic Co., Inc., Harris, Hall
stock
2,250,000
Price, $33.75 a share.
(Inc.) and Hornblower
par).
(no
Republic Co.
Central
•
of Com¬
Offered by
& Weeks.
Bell & Howell Co. 150,000 shares of common stock (par
$10).
Price, $15 per share.
Offered by Harriman Ripley
&
Co., Inc., Lehman Brothers,
Kebbon, McCormick &
Co., A. G, Becker & Co., Inc., William Blair & Co., Bacon,
Whipple & Co., Paul H. Davis & Co. and Hemphill,
stock
mon
4'4%
$7,500,000 General Tire & Rubber Co. 75,000 shares of
cumu¬
lative
preferred stock (par $100).
Purpose, refunding
($6,500,000), working capital ($1,000,000).
Price, $105.50
per
share and div.
Offered—65,000 shares offered in
exchange for 4 xk %
preferred stock, unexchanged shares
and 10,000 additional shares underwritten and offered by
Kidder, Peabody & Co., Goldman, Sachs & Co., Lehman
Brothers, The First Boston Corp., Ball, Burge & Kraus,
The First Cleveland Corp., Eastman, Dillon & Co., Glore,
of America 14,963 shares
Automatic Canteen Co.
605,001
RUBBER
(Continued from page 2259)
Wisconsin
cents),
Lens Co. 35,502 shares of common stock (par
Price, $6.50 per share.
Offered by Allen &
1,320,000 Wells-Gardner Co., 160,000 shares of common stock
$1).
Price, $8.25 per share.
Offered by Paul H.
.
y
i
.
(pi
Day
Co.,
& Boyce, Straus
,
E
C
Shillinglaw, Bolger & Co., Inc., J. C. Bradford i
Co., Brailsford & Co., First Securities Co. of Chicag
Kalman & Co., Inc., Sills, Minton & Co., Inc., Stein Brc
&
;
945,000 West
stock
& Blosser and Taussig, Day & Co., Inc.-
Virginia Water Service Co. 70,000 shares of comniu
(no par).
Price, $13.50 per' share.
Offered
Allen & Co.
Co.,
Auchincloss, Parker & Redpaht, Bacon,
Whiting, Weeks & Stubbs.
230,673 Univis
and Shea & Co.
180,000 White Sewing Machine
preference stock
(par
Originated by Dominick
Kraus.
'
Corp. 4,000 shares of $2 pri-
$20).
Price, $31.25 per shai
& Dominick and Ball, Burge |
«
$i
75,200 Wilcox-Gay Corp. 18,800 shares of common stock (par
Price, $4 per share.
Offered by Kobbe, Gearhart & Cand Carr, Chapin & Co.
$54,491,514
■"Indicates issues
tlndicates special
placed privately,
offerings.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4387
161
2263
Company and Issue—
Foreign Exchange Rates
Oregon-Washington
series
EXCHANGE
RATES
CERTIFIED
'
MAY
.
Value
in
Argentina,
May 12
May 14
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
*
Free
...
__
_
Australia, pound.
2038
2038
mortgage
4(4%
_Jun
1
2039
mortgage 4 '/a %
___Jun
1
2039
mortgage
Jun
1
2039
____Jun
4
2114
1950_Jun
1
2114
__Jun
8
*
Colorado, 4% debs., due 1949____Jun
1
San Jose Water Works, 1st mtge. 3%s, ser. A, due 1961_Jun
1
Schenley Distillers Corp., 5(4% preferred stock_______Jun 30
2039
bonds, due 1950
bonds, series B, due 1950
bonds, series C, due 1950
Poll-New England Theatres, Inc.—
1st mortgage bonds, due
1958_____;
___
Portland
Public
May 17
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
$
,
$
3.228000
3.228000
3.228000
3.228000
2004
1
15
1st
May 16
$
peso— 1
Official.
due
.060602*
.060602*
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
.051802*
.051802*
.051802*
.909090
.909090
.908125
.909090
.909090
.909090
.909090
.908125
.907500
.905859
.906484
.907968
.569800*
—
.569800*
.569800*
.569800*
Canada, dollar—
Official.
*
;
Free
Colombia, peso....
;
England, pound sterling
India (British), rupee
;
4.035000
4.035000
4.035000
4.035000
.201215
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
.909090
.909090
.909090
.909090
.909090
.905625
.905000
.903333
.903958
.905625
—
Uruguay,
*
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
2040
1
2041
1
Jun
1
debs., due 1955
Jun
West Disinfecting Co., 1st mtge. & Collat. 3 Vis, due 1958_Jun
Wilson & Co., Inc., 1st mtge. 3% bonds, due 1958
Jun
1
Company
3.980000
.658300*
.542650*
—
.658300*
.658300*
.542650*
.658300*
.542650*
...
k
.658300*
.542650* /
.542650*
(In
liabilities of reporting
>;+ViYO+\"is.
(In millions of dollars)
Increase (+) or
Decrease (—) Since
thousands of dollars)
May 9,
Increase (+) or Decrease
Assets—
hand
(- -) Since
May 9,
May 17,
May 16,
'1945
and
1945
17.513.465
+
ledemption fund—F. R, notes—
681,041
+
)ther cash
241,771
+
due from U. 5. Treasury
;
—.
—
18,436,277
discounts and advances—____
486,994
reserves
ndustrial loans......
J. S. Govt, securities:
+
970
25,466
1944
$
Loans and Investments—total
56,995
11,220
1
2044
-May 31
-
1473
(Chicago),
1st mtge.
Electric
&
preferred stock
—July
real estate bonds——Jun
5s, series A, due 1934
industrial,
Commercial,
and
Loans
brokers
to
dealers
and
1,053
agricultural
Jun
for
4,835
Certificates
64,455
—
75
186
—
pur¬
lien
July
July
—172,948
+
+ 111,500
997,850
+
10,000
—
(incl. guar.'sec.)—
20,668,169
Total loans and securities—,
21,159,998
from foreign banks—___—
R. notes of other banks
51,448
+6,859,673
—115,280
—"
112
7,187,452
+
1
"•
'
—
-24
86,100
fncollected items
ank premises
+
1,729
+
15,546
2,124,134
—
+
564,911
+
184,037
34,221
....—„
■
,—
Total assets—
1~,930
+
41,900,223
—
353
—
+
539
16
+
1,045
85
—
+
11
+
290
31
+
47
....
10,832
.
—
7,350
.
—
:
—...
28
+
186
+
+
_.
2,115
218
80
+
1,285
1
+
15
23
+
116
Liabilities-
+6,365,225
39,190
Demand deposits-adjusted
Time deposits...
....
Liabilities—
+
4,558
+
49
—586
5,942
*
+
+ 343
8,347
_
U. S. Government«deposits
Interbank deposits:
1,728
798
—
Domestic banks
ederal Reserve notes
22,782,317
+
15,245,908
+ 216,556
101,872
1,134,984
.
—344,742
59,857
+4,569,561
.
:
eposlts:
Foreign banks
Borrowings
U. 8. Treasurer—gen. acct.__.
+
406,104
+
+
2,259,527
—
63,442
—
14,259
Debits
—
demand
to
294,819
Interbank
444,455
;
.
deposit accounts
U.
Gov't
S.
472
except
51
+
1,114
+
995
■
19
+
101
59
+
—
Cities
Light,
1962-,—
Tramway
Coast
Total deposits—
16,888,868
ther
—
362
RR.,
11,559
liabs., incl. accrd. dlvs
Total liabilities
+
+
41,380,119
Capital Accounts—
pital paid in
50,485
452,039
Power
f
+461,539
Below will.be found
167,937
116
+
rplus (Section 13b)
ther capital accounts...
+
40,056
27,165
96,799
_
10,826
228,153
rplus (Section 7).
+
Service
due
Co.,
1st
lien
1
2107
1
1540
1
199S
--July 1
-July 14
May 31
2107
Jun
bonds, series B
due
1953—
—
+
200
Total liabilities & cap. accts._
atio of total res. to deposit &
F. R. note liabilities combined
if,373
+
23,823
+ 463,028
+
6,365,225
+
41,900,223
46.5%
stocks
common
which the details
were
mmitmenjts to make indus¬
NOTICES
trial loans
3,858
127
+
1,788
—
OF
4
2103
due 1954—July
1
199.9
.-July
Corp., common stock....
Champion Shoe Machinery Co.—
ondition Statement of Member Banks
The condition statement of
weekly reporting member
anks of the Federal Reserve System in 101
leading
'ties
shows
eek
1762
bonds and debenture 4% bonds
May 22
International Paper Co., 1st & ref. mtge. 4s, ser. A & B.May 31
Interstate Bakeries Corp., $5 preferred stock______.
May 25
41
1st
and
United States Government deposits.
Bridge & Term. Co., mtge. bonds dated 1908__Jun
Philadelphia Transportation Co.—
Consol.
Loans
to
Terminal
mortgage 3%-6%
Association
RR.
brokers
and
PARTIAL
Alabama
Gas
American
&
1
2110
1
2001
$6 cumul. & partic. preferred stock, ser. A_Jun
Co., consol. mtge. 4V2S, ser. C_July
1
2001
1
2110
Funding and improvement 4% 50-year gold bonds
July
Lehigh Portland Cement Co., 4% cumul. conv. pfd. stk._Jun
1
2110
1
18S2
due-
City
Southern
Ry.,
ref.
&
—
improv.
mtge.
5s,
1950
Kendall Co.,
Lehigh
Coal & Navigation
Los^ Angeles Pacific Co., 1st ref. mtge. 4% bonds, due
Lower
St.
.....Jun
A,
B,
New York Power & Light Corp.,
7%
and $6 pfd.
York
City, $59,000,000 in the Chicago District, $39,-
0,000 in the Cleveland District, and $191,000,000 at all
.porting
member
banks.
Holdings
of
United
Sinking fund 3%%
and
.
ref.
Co.,
mortgage 5s, series A, due
6% preferred stock—
districts, the prin-
pal increase being $67,000,000 in New York City; the
crease at all
reporting member banks was $124,000,000.
Paper
6%
Co.,
Demand
deposits
adjusted increased in
all
districts
cept the San Francisco District, and the total increase
all
reporting
member
•incipal increase
'me
ease
sits
was
was
$49,000,000.
$343,000,000;
the
$194,000,000 in New York City,
deposits increased in all districts
and the total in-
United States Government de-
weekly reporting member banks
Service
4%
Co.—
1956—
Jun
Lehigh
Coal
mortgage
Le
due
7Vz%
1948..;
1873
1873
(R.
G.),
Co.,
due
Minnesota Transfer Ry.,
dated June
Ltd.,
due
;
*
1
1540
&
1
2107
1
*
1
July
mtge. 3V2S, due
preferred stock
1951
,
1547
I
212
15
1247
July
Jun
,
2115'
2115
Electric & Power Co.—
2nd
mortgage, 5s, due 1945—
Simmons Co., 4% debentures, due 1952
1st lien & ref. mtge.
6%
18871887
1887
2116
—July 1
.July 16
Carolina Power Co.—
South
Water
bonds, due 1957——1
5%
Associated
Public
Oil
Utilities
$4.50
Co,,
Corp.—
607
8
2152
Jun
preferred
1
—Jun
15
—July
1960
stock—July
1
•
collateral trust bonds,
series A, due I960——
July
5(4% collateral trust bonds, series B, due 1960
—July
Virginia Electric & Power Co.—
•;
■!.
1st and refunding mortgage bonds, series B, C and D_Jun
Virginian Ry.—
•
1st lien &
ref. mtge.
in
this
issue.
§Upon
2153
2153
4
2154
m
1
609
—May 25
4s, due 1951—
York Corp,, 1st mortgage 4(4s, due 1958
2154
mortgage
•Announcement
1
1
9
3%%
bonds, series A, due 1966_July
Washington Ry. & Electric Co.—
Jun
presentation.
DIVIDENDS
Dividends
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
are
Jun
15
*
1
989
2001
improve.
May 31
-
July
coupon
1
*
1
2002.
bonds
Jun
——
1
1429
Jun
1
2003
Northwestern Utilities.
Jun
1
1098
-Jun
1
55th
due
mortgage
Street
Inc.,
1st
Corp.,
mtge. 4Vas.
4%
1955________—'
1st
,
mtge.
are:
Industrial and Miscellaneous Companies
: '
series A
Addressograph-Multigraph
leasehold
Special
Great
—
Southern
6%
RR.,
preferred
participating
Allied Stores Corp., com.
5% preferred (quar.)
Payable
25c
(quar.)_
Agricultural Insurance Co. (Watertown, N. Y.)
Quarterly
ordinary
(increased quar.)__
7-10
,
6-21
7-
37V4c
$$1.75
0/ Rec,
2
6-15
7-
3
5-31
75c
7-2
25c
7-
6-15
2
6-15
$4.50-
6-28
$4.50
6-28
5-28
40c
7-20
6-29
,
5-28
$1.25
7-
2
6-15
75c
7-
2
6-15
Amalgamated Leather—
6%
2004
Corp
Aero Supply Manufacturing class A
Agnew-Surpass Shoe Stores, Ltd.—
7% preferred (quar.)
Hokert
When
Share
Name 0} Company
Alabama
2112
1st
The dividends announced this week
Per
July
3%%
declared.
2110
1
1
bonds,
1
mtge., 4% gold bonds, series D, due 1947—May 26
1st & ref. mtge., 5% gold bonds, series F, due
1955—May 26
Savannah Electric Co., 1st consol. mtge. 5s, due
1952—_July 1
Shamokin, Sunbury & Lewisburg RR.—
:
1882
July
East
2113
„Jun
ref.
2000
.—May 26
bonds, due 1953
National Dairy Products Corp., 314% debs., due 1960
de-
2004
1
1997
1961_Jun
1952
1st mtge.
1936
1.
1993
July
1947
fund.
4%
preferred stock
collateral),
1
15
1
Louisville & Nashville RR., unified mtge. 4s, due 1960-_July
Louisville & Nashville RR.—L. & N.-Southern 4% joint
(Monon
1763
Jun
—_
Inc.,
1
Jun
bonds, series A
1st mortgage 5s,
& Navigation
bonds
Tourneau
bonds
1
Jun
—
1st & ref, mtge. 4s, series G,
1st consol.
Gamble, 5%
Page
.
bonds, series A,
general mortgage
Lafayette Hotel Co.,
One
$59,000,000.
Public
Union
Iowa Electric Co., 1st & ref. mtge. 4s, ser. A, due
Service Co., 1st mtge. -33/4S, due 1969
James Morrison Brass. Mfg. Co.-—
Moirs,
declined in all districts.
Borrowings of
ined
was
banks
.—...—July
Iowa Public
and
2152
mtge.
gen.
Depot Co., 1st mtge. 3%s, due 1965
General Steel Castings Corp., 1st mtge. 5s, series A
1st
RR.,
&
*
—
collat.
Fort Street
overnment bonds increased in most
5
1873
—
Coast
lien
313
stocks.Jun 14
^
Writing
1950
1st
2111
Northern Pennsylvania Power Co.—
Consolidated
18
—
East
1882
2114
Date
Jun
bonds,
due 1961
^—.—July
Cincinnati .Gas & Electric Co., 1st mtge. 3 Vis, due 1967_Jun
Cuneo Press, Inc., 4%% preferred stock
__Jun
Denver Tramway Corp., gen. & ref. mtge. bonds, ser. A,
States
J.
15
debentures, series due 1950__._„_May 21
debentures, series due 1960
..May 21
debentures, series due 1970
May 21
Sinking fund 3V2%
American
due
1544
REDEMPTION
V"
______
ew
1319
y
Lawrence
Power Co., 1st mtge. 5s due 1955,
C, and D—;
__May 25
Lukens Steel Co., 4%% debentures, due 1952
—Jun
1
New York, Chicago & St. Louis RR.—
Toledo, St. Louis & West. RR., 1st mtge. 4s, due 1950_Oct
1
series
Electric Co,—
Sinking fund 2%%
r
due 1953..
1st mtge. 4V2S, due 1951
Co.,
Gas
2000
•■.*■.
of St. Louis-
Company and Issue—
dealers
purchasing or carrying United States Government
ligations increased $37,000,000 in New York City and
8;000,000 at all reporting member banks.
Holdings of Treasury bills declined $116,000,000 in
bonds, series A, due 2039—Jun
General mortgage refunding 4s,
?T
\
Commercial, industrial, and agricultural loans declined
8,000,000 in New York City and $75,000,000 at all reorting member banks.
mortgage 4%
Kanawha
ended
the following principal changes fbr the
May 9: An increase of $343,000,000Jin dedeposits adjusted and a decrease of $586$00,000
Page
Jun 30
.
o
July
Kansas
United
Date
General
1879
142&
Houston Oil Co. of Texas, 4(4%
debentures,
Johnson Fare Box Co., 1st mortgage 6(/2s
Tide
TENDER-
Company and Issue—
American
*
,
1771
1
Texas Electric Service Co., 1st mtge. 5s, due
Thermoid Co., 1st mortgage 4V4s, due 1958
given in the "Chronicle."
11.5%
—
984
Georgia Power & Light Co., 1st mortgage 5s, due 1978—July
Goodrich (B. F.) Co.,. 1st mortgage 4V4s, due 1956——Jun
1st &
called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
preferred and
1
4%
collat.
1948.
serial 3Vs% notes,
Inc., preferred stock—
Savannah
list of corporate bonds, notes,
a
1994
Gen, & ref. mortgage 4(4 %, series A and B, due
1997_July 1
Republic Steel Corp., 6% convertible preferred stock
Jun 30
Notices
'
1540
Corp.—
Public
.
Reading Co.—
Redemption Calls and Sinking Fund
+6,290,320
1994
&
secured
Portland
1,863
1993
1
Traction Co., 1st
_July 1
debs., due 1951—,-Jun
1
debentures, due 1950-.—..
Jun 30
Pacific Gas & Electric Co,,
due 1964
166,534
78
v
1876
1
Machinery Corp., 3% debentures, due 1956_
.—May 31
General Tire & Rubber Co., 4%% cumul.
pfd. stock
,_May 21
Georgia.Power &'Light Co., $6 preferred stock—
§
Okonite
13,199
+1,552,362
+
1
Food
Procter
1,697,375
1876
July
—
eferred availability items
1
—
2(4%
series A,
E-Z Mills,
accounts,
32,109
+
July
Oil Corp., conv. 3V2%
10-year
mtge. 5%
1st
during week
and
+
9,208
.....
__
Member bank—reserve acct—
bonds,
—
—
Eastern Oregon Light & Power Co., ref. and first collat.
319
—
+
—
—
240
+ 4,802
11
566
+1,869
+
3
10,077
Balances with domestic banks
:
19
+
'
v
—1,479
13
3,027
Reserve with Federal Reserve Banks
Cash in vault
+
11
321
....
29
20
+ 124
22,906
Obligations guaranteed by U. S. Government
Other securities...
2
—
—191
1,339
.
Treasury notes
1653
General & refunding mtge. bonds, series
A, due 1950_July
Corp., 8% preferred stock—
——Jun
DiGiorgio Fruit Corp., 7% preferred stock
July
178
—
1,389
6,071
—
+463,028
48
661
—
59,381
—
593
,
Loans to banks
Treasury bills
Co.,
Denver
Erie
obligations
Treasury certificates-of indebtedness
Total U. S. Govt, securities
+
794
Real estate loans
165,914
333,625
1,132
Other securities
4,878,441
2,480,771
—
+
1,115,142
obligations
U. S. Government
1876
bonds,
——
due
5s
bonds,
Other loans for purchasing or carrying:
7,204
—
divisional
4%
—
Consolidated
East
Other securities
334,983
+
623
+
5,523,711
-
—1,015,054
9,739
+
U. S. Government
Valley
1992
199a
Dictaphone
5,829
;
+ 6,384
+
1537
1992
Jun
City & Pacific divisional 4%
Sioux
1989
July
Co.—
Gas
Plaines
Page
1
City Light & Traction Co., 1st mtge. bonds, due 1952
Jun
Connecticut Light & Power Co., 1st & ref. mtge. 3V4%
bonds, series G, due 1966___
Jun
Crane
96
2043
2043
2044
Date
7%
Corp.,
1969
1969
Consolidated
-
—181
—
1888
;
I
Issue—
Des
mtge,
."due
May 10,
1945
S
340,572
—
May 2,
-1945
•.
Assets-
—1,330,160
3,664
•
•:
•••:
Loans—total
1944
5,105
—
13.031.466
►ther assets..
and
Bemberg
mtge.
1st
.
chasing or carrying:
be
Inc., $6 preferred stock
Illinois
due
A summary of the assets and
member banks follows:
Reserve Banks Combined
Total
3(4.%
Chicago & North Western Ry.—
15-year collateral 4% notes, due 1954
1st & gen. mtge. 4s, series A, due 1989—
Statement of Condition of the 12 Federal
on
debentures, due 1960
of America,
1st mortgage 3%s, due 1964—
3Vi% and 4% serial debentures—
.658300*
.542650*
+
1st
certificates
Co, 3Va%
Apartments
Central
•Nominal rate.
Jold
;__
Burns & Co., Ltd.,
peso—
Controlled
Noncontrolled
2115
bonds,
ENTIRE ISSUES CALLED
3.244203
3.980000
leasehold
1
Arthur
3.244203
1st mtge.
____Jun
American
3.980000
pound
Corp.,
1955
Wilson & Co.,
3.244203
—.—
St.
Stokely-Van Camp, Inc.—
Stokely Brothers & Co., 3 Va % debentures, due 1958—Jun
Sunray Oil Corp., 3%% debentures due 1959
Jun
.909090
.905625
-—
New Zealand, pound
Union of South Africa,
55th
1469
Avenue, Inc.—
.205820
—.—
Free—
.569800*
4.035000
.301215
Mexico, peso
Newfoundland, dollar—
Official
.569800*
of
United Biscuit Co.
4.035000
—
Co.
Toledo Edison
.060602*
Free
Co., 1st & ref. mtge. 5s, due
general mortgage 4'/2s, due 1950
and
East
One
Brazil, cruzeiroOfficial
Gas & Coke
Service
Seven Eleven Fifth
3.228000
3.228000
Pags
5s,
29
1st lien
May 15
mtge.
Jun
United States Money
May 11
1st
1st
for Cable Transfers In New York
Buying Rate
Noon
Co.,
1st
.
Country and Monetary Unit
Service
:
Pittsburgh Steel Co.—
RESERVE BANK TO TREASURY UNDER TARIFP ACT OF 1930
11, 1945 TO MAY 17, 1945, INCLUSIVE
FEDERAL
BY
Data
Water
1957
due
Pennsylvania Glass Sand Corp., 1st mtge. 3 Vis, due 1960_Jun
Phelps Dodge Corp., 3Vi%
debentures, due 1952______Jun
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
FOREIGN
A,
convertible
6%
convertible
preferred
preferred
(accum.)
(accum.)
$1
6-8
5-28
]
I
Holder*
of Rec.
""
American Car & Foundry—
preferred (quar.)
—
American Cyanamid Co., common
7 %
(quar.) —
pfd.
5-31
Hecla Mining Co.—-—
6-30
6-12
6-30
6-12
7-
2
6-11
6-30
6-
5
2
6-
1
6-
1
5-21
87 Vic
6-
1
5-19
Hewitt
5c
/
30c
Heywood-Wakefield Co., common—
5% preferred B (quar.)
—
Hobbs Battery Co., $1.75 copv. clt A (accum.)
5-19
1
6-
1
6-
6-15
1
5-19
2
6-18
Honolulu Oil Corp.
$1
__
67-
7-31
7-16
62 Vic
7-31
7-16
2
6-15
Illinois Central RR. Co.
7-
$1
6-15
5-29*
50c
5-25
5-15
2
6- 9
$1.25
7-
5-22
I_
35c
6-
40c
6-11
6-
1
50c
6-15
6-
1
t$1.50
6-15
5-31
8
5-29
————
(quar.)
pfd. (qiiar.),
50c
6-
10c
;—
6-15
___
.
—
5-31
5-21
Jamaica
50c
6-30
6-
12 Vi c
6-20
6- 9
5 3/10c
5-21
4-17
25c
„
—
Campbell Wyant & Cannon Foundry.
Canada Bread Co., Ltd., common (interim)
preferred (quar.)
6%
1st preferred (quar.)_
Canada Foundries & Forgings, Ltd.—
6-12
5-29
Class
A
(quar.)™:
Class
A
(quar.)
7-
3
6-
9
6-
1
9-15
9-
1
6-28
6-
1
preferred
Oil,
Canfield
6-15
$$1.62 ¥2
6-15
5-31
Kern
Keystone Steel &
County Land Co
$20c
$25c
7-
3
6-
9
7-
3
6-
9
7-
3
6-
9
3
6-
9
Kleinert
6-20
Laclede-Christy Clay Products
Lake St. Johns Power & Pap;. Ltd.
6-20
6-
6-30
6-20
2
6-20
Life
6-15
Lincoln
67c
10c
6-15
6-
25c
6-
5-31
$1.75
6-20
5-31
$1.50
6-20
5-31
$1.50
Accumulated
6-20
5-31
—
preferred
lien
prior
:
(quar.).
15c
6-
1
6-25
6-
1
25c
6-25
6-
1
75c
6-
1
5-15
35c
6-30
6-20
6-29
6-14
1
5-21
.
(quar.)
Chesebrough Manufacturing Co,
Extra
Chicago Corp., $3 preferred
(quar.),,.—
Flexible Shaft
Chicago
6-11
$1
of America
Chamberlain Co.
Chicago Great Western Railway Co.—
preferred
(accum.)
Advertising Products,,,,,
5%
62 (4 c
;—
Citizens
35c
Stamping
Controller
Clark
(quar.).
Illuminating,
Electric
;
8-
1
6-14
5-31
6-
1
6-
9
5-25
50c
7-
2
Investment
$1.12 V2
7-
2
6-15
50c
6-
1
5-25
6c
7-
2
6-14
(Del.)
Corp.—
28 days
close
business
of
on
14th
the
day
$1.25
Co.
Dominion
—
6%
Kodak
preferred
Edison
5%
conv.
5%'conv.
Electric
Ltd.
6-
1
New
17c
$1.25 '
common
(series 1941)
fseries 1938)
A
5-25
6-
1
5-18
Newport
6-15
6-
Northern
6-11
7-
2
2
6-
5
1
6-11
6-
5
66-
5
6-12
5-31
5-31
Penn
9
6-
9
5-28
40c
7-
2
6-22
7-
2
6-22
'
30c
Corp.,
7-
5
100%
10c
class A
■'—1
5-19
5-17
2
6-20
76-
1
5-19
common
6-
1
5-19
40c
7-
2
6-
50c
6-30
6-16
30c
6-30
6-16
3
5-31
7-
3
3
7-
3
Service
Ltd., common—
i——
(initial quar.)
(quar.)
Ford,
&
Ltd.
$1.20
—3——
(quar.),'
preferred class A
Penney (J. C.) Co.
Pennsylvania Salt
Pet Milk
Philadelphia Germantown &
RR. Co. (quar.)—
6-
1
5-19
Phillips
6-
1
5-19
Pittsburgh Forgings Co.
6-11
6-1
Plymouth Oil. Co.
Packing
7-18
Tide
Water
5-26
Title
6-
4
25c
8-
6
7-16
25c
8-
6
7-16
Preferred
(quar.)
(quar.)
Accident
8
6-11
6-
1
6-15
5-25
6-15
5-25
Toronto Elevators,
7-
6
6-
1
Transue
7-
2
6-
1
Quarterly
7-
2
6-
1
Transwestern
6-
9
5-29
5-
5-15
Truax
Oil
5-21
6-
7
5-23
6-
9
5-26
50c
6-
6
5-31
25c
6-11
5-29
$1.37*4
6-15
6-
50c
6-30
5-31
5-31
Co
Coal,
Traer
preferred
common—
(quar.)
4
Twentieth Century-Fox Film Corp.—
37 ¥2 c
5-25
5-31
6-10
5-31
2
6-10
5-19
5-
9
30c
$4.50 prior preferred
9
6-15
30c
(quar.)
(quar.)
Twin City Fire Insurance Co. (Minnap.) (s-a)
Union Sugar Co. (quar.)
Union Trusteed Funds, Inc.—
6-30
$1.12 '/a
6-
6-
I
preferred
$1.50
6-15
6-
(quar.)
Common
5-31
9
Union
Common
Stock
Fund
7c
6-20
6-11
6-15
6-
1
Union
Preferred Stock
Fund
17c
6-20
6-11
6-12
Gr
I
Union
Bond
Fund
"A"
24c
6-20
6-11
Bond
Fund
"B"
18c
6-20
6-11
Bond
Fund
"C"
10c
6-20
6-11
25c
6-15
50c
7-
7-
6-
2
5-17
Union
6-
9
6*
Union
7-
2
6-18
7-
1
6-15
K
Wire
Union
United
6-
Elastic
United
5-25
9
(quar.)
Rope
Air Lines,
Inc.,
Corp.
6-12
5-31
6-12
5-31
Utilities
5-31
1
6-
5-23
5-23
stock
priority
(accum.)
6-15
6-
5
6-15
6-
1
50c
6-
1
5-19
6-
1
5-19
5-23
$1
5-31
75c
6-30
75c
6-
$6 pfd. (quar.),,
$1.50
5-17
5-31
5-10
Washington Water Power,
6-
5-26
9
6-
9
Welch Grape Juice Co., common,,
5-28
4(4%
5-25
6-15
6-15
6-15
6-10
7-
2
Seashore RR. Co.—
67c special guaranteed (s-a),.
West Virginia Pulp & Paper
Western Steel Products Corp., Ltd—:
West Jersey &
6-15
1
5-15
6-15
5-25
6-
25c
5-19
9
5-31
$1.06(4
—.
...
,
5-15
6- 1
5-19
$1.50
6-
1
5-15
20c
7-
37'/2C.
pfd. (quar.lu
;
Telephone Co., 6%
West Coast
*
5-25
5-31
.
L——;
preferred (quar.)
'
6-15
5-28
$1.37(4
6-15
5-31
7
$2
Valspar Corp., $4 preferred (accum.)
Ward Baking Co., $7 preferred (accum.) —
Warren (Northam) Co., $3 preferred (quar.)
6-
6-15
5-17
6-
$1.25
Valley Mould & Iron Corp., common
$5.50 prior preference (quar.)
1
6-15
9
Equities Corp.—
$5.50
1
6-
Co.
6-
25c
(quar.),
(interim)
Utah-Home Fire Insurance (Salt Lake City)
6-12
1
6-
40c
6-
United States Freight
6-10
5
(>-15
1
5-31
1
6-15
$1
(reduced)
United Aircraft Corp.
—
,
2
6-15
$50c
—
6-15
5-19
6-
1
7- 2
6-20
Weyenberg
(s-a)__
37 ¥zc
6-15
2
6-20
Wisconsin Electric Power Co., common—,—
17 (4 C
6-
1
5-15
$1.18%
6-
1
5-15
$1.50
7-31
7-16
$1.75
6-
1
5-18
$1.75
6-
1
5-19
20c
6-
1
5-19
7-
Shoe Manufacturing Co.
6-14
Yellow &
2
6-22
7-
7-
;\434 7c preferred (quar.)
67c preferred (quar.)
Machinery Corp.—
$7
prior
Checker Cab
Class
——
Co.—
$1
7-15
6-15
Young
6-
1
5-21
Youngstown Steel Door Co.
6-
1
5-21
Zeigler Coal & Coke Co.___
6-15
6-
(quar.)
'
4
6-10
6-
4
6-
5-25
25c
Nurseries
(Thomas)
4
6-
50c
(accum.)
A
6-
6-10
$1
(accum.)
Checker Cab Co. (Consol.) —
6-10
$1
(accum.)
preferred
A 2nd
6-15
6-
1
25c
6-11
6-
1
2
1
8
6-18
6-
6-15
5-31
6-15
6-
8-
1
7-,2
6-
5
6-
1
5-12
6-
1
5-12
$3.50
$1.50
6-
1
weeks and not yet
dends
5-12
6-30
give the dividends announced in previous
paid.
The list does not include divi¬
announced this week, these being given in the
Below we
2
7-14
.6- 8
$1.42
( $1.22
50c
15c
$1
$1
22 (4c
$25c
$$1.75
$31 (4c
$$1.25
75c
preceding table. '
.
6-14
Industrial
30c
75c
40c
.
v.
<
*•»
r
i«
and Miscellaneous
6-15
•
' ,f. "
5-15
6-25
6-
9
6-15
5-31
5-25
5-21
5-25
5-21
6-30
6-15
8-15
7-16
8-15
7-16
7-
2
6-15
7-
2
6-14
6-14
6-
1
Steel
Acme
Aero
6-
6-30
6-12
6-15
Aetna
* >
:
2
6-10
Products
common—
A
4%
Alpha
7- 2
15c
7- 2
6-15
*1
5-19
4334c
6-9
7- 2
7- 2
40c
6-30
6- 8*
$1
25c
5-15
50c
6- 5
6- 9
6-11
$1.50
15c
7- 2
6-15
$$2
$1.50
$30c
6- 5
6- 1
7- 2:
„
Corp.,
common
Manufacturing
preferred
Portland
Aluminum. Co.
50c
(quar.)
2
6-10
$1.06(4
2
6-f10
$1-50
6-
4
5-21
—_25c
25c
25c
6-
7
.5-26
6-11
5-25
6-28
6-
1
American Arch
6-15
6-
1
American
6-19
6-
5
American
(quar.)™.
Co.,
common
—
Cement
of
6- 5
6-15
(quar.)
Allis-Chalmers
4-30
40c
Inc
Products
6- 1
.
$$2.50
Algoma Steel, 57a preferred (s-a)——
Allied Laboratories, Inc.
(irreg.)
Class
$3Qc
15c
25c
,
Engineering
Standard
of Rec.
5-22
6-15
5- 4
5-15
6- 1
B—10c
—
Holdert
6-12
6-30
5-15
5-31
6-15
20c
Co.
Agnew-Surpass Shoe Stores, Ltd.,
Alexander & Baldwin, Ltd.,,
Allied Mills,
3dc
—
(quar.)
Supply Manufacturing, class
Aeronautical
5-31
7-
(initial)—
Co.
Manufacturing
Adams
Payable
Share
Name of Company
1
6-15
When
Per
5-25
1
6-
7-
America, common (quar.),
preferred (quar.)
Aluminum Industries, Inc. (quar.)—:
67c
Ltd., common (quar.)
6% preferred (quar.), pay. in U.
Amalgamated Electric Corp., Ltd.'
Amerex Holding Corp. (s-a)—
Aluminium,
10c
20c
'
Companies
6-14
7-
(quar.)
2
5-31
50c
&
5(47c
5
7-
6-15
$66c
12 '4c
Louis,,,,,,,,
Ltd., 5(47c pfd. (quar.),,
Williams Steel Forging Corp.—
6-22
25c
$1.06(4
1
Insurance (N, Y.)
6-
$1.12(4
pfd.__
$4.50
Co.,
Insurance Corp. of St.
9
Class
Norristown
Co
Company
Potter
Oil
Associated
1
8
6-
5-31
'
preferred (quar.)
4(4 7c 2nd preferred (quar.),,^
8
3
50c
6-27
(quar.)
1st
6-
7-
(quar.).
6-
Allied
(quar.)—
3
10c
Class A 1st preferred
50c
15c
50c
.
7-
$62'4c
Yellow &
(quar.)
Manufacturing Co. (irreg.)
Co., common
$20c
6-15
(Cal.) (quar.).
—
Co.,
6-15
2
(quar.)
7-
(initial)
Co
6-18
2
7-
/
(quar.),:
6-
$1
——-
1
7-
25c
preferred
25c
62(4c
$30c
.
8-
10c
5-28
Natural Gas Co
Steel Products
$1.25
(quar.)
Extra
6
1
6834c
(quar.)
Inc., common
(James)
Telautograph Corp
Texas. Gulf Sulphur
5-31
6-
preferred
(G.) Ltdif common
Preferred
(quar.)
5-31
6-20
,
Tamblyn
5-31
7-
A
5(47c
5-31
3
Class
5-19
40c
(4c*
'
6-12
6-15
5-19
Corp
50c
—;—
5-17
45c
Class
6-
—
-—
10c
17
1
Co.
Oil Co., Ltd.— .
A participating preferred
(D. A.)
6-
Electric Switch Co.—
4(47c
ap¬
25c
Ltd.,
7-16
(quar.),,,
6-
Stuart
preference (accuip.)—
Woolf Brothers, 17c preferred (quar.)
Wurlitzer (Rudolph) Co. (irregular)
37 (4c
common
6-12
56 Vac
;
Old
62 (4 c
6-
5-25
$20c
Stix
5-10
Fuller
&
Baer
5-21
5-19
Corp
preferred (qUar.),
Page-Hersey Tubes, Ltd.
62 (4 c
25c
9
6-
—
7 7c
Penick
5-28
5-31
6-
(quar.)
Wood Newspaper
Mining
Water
7-
5-31
6-10
6-15
25c
(quar.)
of Kentucky
Oil Co.
5-19
Extra
Ohio
2
6-20
25c
(quar.)
5-31
Electric
Ontario
7-
$1.25
preferred
$5
Standard
50c
common,
Oakland Title Ins. & Guaranty
5-21
6-12
Co.,
Oak Manufacturing Co.
6-15
5
5-24
Co.
Manufacturing, common
6-20
(quar.)—25c
(quar.),,
25c
preferred
7-16
25c
(quar.),
(quar.).
common (quar.)
$6
5-31
2
4
Pacific
(A. E.)
1
—;——$1
/
—
35c
:
25c
;
Newmont
10c
(quar.)
B
Service
8
$$1.75
Ford Hotels Co.—'
Class
5-30
6-
25c
7%, preferred (quar.)
Fulton
New
6-
7-
2
New
6-15
(quar.)
Fitzsimmons Stores,
6-
6-
Co
Gas
2
$1.62y2
20c
62V4c
(s-a),:
—-"1
—■—T
England Telephone & Telegraph Co.___
York Power & Light Corp.; 1% pfd.™
50c
9
35c
1
81 Vic
10c
preferred
50c
(quar.)
proval of stockholders),.
5%' preferred
"6-15
6-
75c
5-28
1
7-
1
6-12
6-
7-
5-31
6-15
$1.25
6-18
6-
2
6-2
Tacony-Palmyra Bridge, common
5-21
6-30
6"15
:
Sunray Oil Corp., 4(4% conv. pfd. (quar.),.
Swift & Company (quar.)
6-11
7-
2c
6-
31 (4c
Southern
1
1
6-15
$50c
(accum.)
Southern Natural
9
6-1
7-
6-
Co
Cordage
B
25c
Co
preferred A
6-30
Bedford
Class
preferred
5-25
5-21
1
6-
$1
Power Co.—
6-13
Lines, Inc., common
Radiator
National
1
5-31
$1.50
Stores,
35c
$$1.25
25c
$1.12(4
$1.31(4
$1
(quar.)_l„
A
Class
6-
$1.50
Eversharp, Inc., common (initial quar.)
Common
stock dividend
(subject to
Class
4
6-15
6-15
$$1.25
—
(quar.)
Special
Emporium Capwell Co.,
4¥2%
2
1
6-10
$35c
(quar.),.
common
preferred
preferred
Boat
7-
25c
Ltd., common (quar.)
(quar.)—
(quar.)
Brothers
25c
15c
—
preferred (quar.)—
Brewery, Ltd. (quar.),
25c
Co.,
/—
6-
6-
-
6-20
10c
Packing, 6(47c pfd. (quar.),,
Mojud Hosiery Co., common:
*
57c
12(4c
j.
(H. H.)
Meyer
6-10
it
Textile,
%'preferred
25c
$1.25
preferred (quar.)
Participating
National City
5-25
17c
1
6-
5-25
6-15
$25c
common
$3.25 participating
25c
& Steel,
:
Co
Linotype
Metal Textile Corp.,
62V2C
Doyle Manufacturing Corp.
Eastman
5(47c
Mergenthaler
20c
1
Company
Foundries
Dominion
6-25
25c
Corp,
Dobeckmun
—
preferred (quar.)
preferred (quar.),,
25c
Dictaphone Corp.
Divco Corporation
—
Repeating Razor, common.,._—
preferred (quar.)—
Magma Copper Co
—
Magnavox Company
)
Magnin (I.) Co. (quar.)—
—
Mahon
(R. C.) Company (quar.)
Marven's Ltd., 57c preferred (initial quar.),
Merck & Co., Inc.; common (quar.)—
preferred B__.
Muskogee Company
Nachman Corp. (irregular)
National Casualty (Detroit)
'
3
40c
,,—
Cru'cible Co. of America—
conv.' preferred
(quar.),,:.——
Delaware & Bound Brook RR. Co. (quar.),,
Devonian Oil Co. (quar.)
Diahbnd Alkali Co. (quar.)
7
7-
/
(Del.)
Copperweld Steel Co., common
5% cum. preferred (quar.)—:
Crosley
/25c
37(4c
87(40
common
6-15
6-15
$15c
Consolidated Press, Ltd., class A tquar.)_i,_
Continental Steel Corp
37(4c
——
$4
6-15
7 (4c
Community Public Service (quar.)
Coifedlidated Gas Utilities Corp. (quar.)
—'
50c
;after date of such order)—
Continental Oil
31 (4c
15c
Moore-McCormick Lines, common (quar.),,
$2.50 conv. preferred (quar.)
Mount Royal Hotel, Ltd.
(initial)
Munson Line, Inc., $4 preferred A
-order to the holders of
•the
t$l
(initial)
Molson
(payment is proposed to be
after the date of the SEC
preferred stock at
preferred
made
; 5-22
5-15
6-15
20c
B
5-31
1
6-
$31 (4c
preferred (initial quar.)
5-15*
6-15
(quar.)
Southern Colorado
5%
Magazine
4(4%
A
Southern California Plastic Co
6-30
6-
$5
Shepard-Niles Crane & Hoist Corp. (quar.)
Silknit, Ltd., preferred (interim),^,:
1
6-15
3
;
25c
class
Corp.,
Class
Talcott
(quar.)—30c
17c preferred (quar.)
—
$1.75
Louisiana Land & Exploration:(quar.)__l—
10c
Louisville Title Mortgage Co. (s-a)
10c
Macassa Myies, Ltd
—
$3c
Maclaren Power & Paper
$25c
6-15
;—
Commonwealth & Southern
$6
8-10
25c
,
Coleman Lamp & Stove
Commonwealth
1
6-14
common,,,
(quar.)
$4.50 preferred
6-
30c
Co
Clayton & Lambert Manufacturing,
Cleveland
6-15
15c
Utilities
City'Auto
6-
25c
—I,—
Ry
Street
Cincinnati
Serrick
5
6-23
$5
20c
-Cincinnati
1
6-20
$10c
(quar.),,—
(quar.)
Inc.,
Lincoln Stores,
6-20
1
7-14
common (quar.)_____
Service Corp.,
preferred
preferred
17c
1
5-15*
6-
Co.—
(irregular)
preferred
(quar.)
Scytes & Co., 57c
7-16
65c
35c
17c
(quar.),,,^—1
Cup Corp.
Lily-Tulip
6-15
$1.75
r
&
6-15
5-22
1
6-15
preferred
conv.
6-30
1
6-
6-15
(quar.)_____—j__—
Casualty Insurance (Tenn.) (quar.),
$1.25
6-30
6-30
6-15
50c
7-15
Ltd
Products Corp.—
Liberty Aircraft
60c
25c
6-15
2
7-15
Levy Brothers Co.,
6-11
$1.50
(quar.),
6%. preferred class A (quar.)™
Cafralin Corp. of America
Central Ohio Steel Products, Inc.,
Central & South West Utilities Co.
$37(4c
20c
$1.25
$75c
;
6-30
B
6%: preferred
$6
Rubber
(I. B.)
6-20
7-
6-15
2
7-
5 7c
6-
:—
6-30
1
2
7-
$1.25
Schiff Co.
5
5-22
:—
Wire Co
King-Seeley Corp., common—...
57c convertible preferred (quar.)
Kingston Products Corp
$2
6-22
1
—
9
$1.50"'
2
9
—
6-
1,
1
7-
6-
25c
(s-a)
(s-a)
3
—
7-
$1.25
Common
6-
x$1.75
xl3A%
xl(47c
xl(4 7o
preferred C—
7-
—
6-
5-18
5-19
non-cum.
7-
common
5-18
5-19
preferred A
preferred B
67c
$1
1
1
67c
5-31
$5c
__—
$1.25
$37(4c
(quar.)
6-30
Extra
6-
1
5-31
7,%..preferred (quar.),:
6-15
1
6-15
$25c
5-18
!_
prior preferred (quar.),
preferred (quar.),,
57c preferred class A (quar.)
St. Louis Rocky Mountain & Pacific
6-
5-15
Participating
2
5%
2
7-
5
6-
5-15
6-
57c
5-31
6-23
5-27
7-10
4
20c
Rockwood & Co., common
6-
1
8-
6-20
(quar.)
preferred
Robertshaw Thermost,
6-15
5-10
1
5-19
7-
.
5-25
6-
5-15
6-15
5-18
6-
$1.75
1
6-30
5-31
6-15
6-15
*
1
5-22
$2
Co,
Paper
6-
6-
1
Raisin
6-
6-
6-
:
River
6-
$20c
$15c
Participating
5-15
1
6-
$3
$3
$2
25c
30c
20c
25c
10c
25c
20c
6-15
$25c
preferred (quar.)
Canadian Canners, Ltd., common (quar.).
5% 1st preference (quar.)_——
5-15
1
6-15
5-19
3
67c
6¥2%
6-30
6-15
6-15
5-28
6-15
Z$1.62(4
6-20
2
6-15
$15c
.
30c
(Phila., Pa.) (s-a)_.
25C
Republic Aviation Corp.,
30c
Republic Insurance Co. of Texas (quar.),__.,.
Revere Copper & Brass, Inc.—
$1.31 V*:
5(47c preferred (quar.),,-
Co.
Reliance Insurance
8-
$15c
-
8
6-15
6-
Johns-Manville Corp.
7-
——
—
9
$$1
6-
2
5-21
Harvester
$$2
—-—
6-15
preferred (quar.)
$1.06(4
(increased)__
75c
Jones & Lamson Machine (quar.)
:
50c
Jones & Laughlin Steel Corp., com.
(quar.),
50c
57c preferred class A (quar.)—
—$1.25
5% preferred class B (quar.)
—.—$1.25
Joy Manufacturing Co. (quar.)—
20c
K W Battery Co., Inc. (quar.),,,
- 5c
Kansas-Oklahoma & Gulf Ry. Co.—
9
6-
$50c
Ltd. (s-a)(quar.)
Canada Vinegars, Ltd.
(quar.)
—:—
Canada Wire & Cable Co., Ltd.—
Corp.,
(interim 1
6-
3
6-15
Canada Permanent Mortgage
2
(Leased Lines)—
preferred A (quar.)
17c preference B (quar.)—
57c preference C (quar.)——
57c preference D (quar.)
Jewel Tea Co., Inc., common
(quar.)
$37 (4 c
.,
(quar.)
3
t$1.50
——-
Machinery
77-
:
—
7-
6-
4%%
$10c
1—
$1.25
5%
6-21
Staley
77c
1
162 Vic
5%
6-15
prior preferred A (quar.)
Reliance Grain Co. Ltd., 6(4 7a pfd. (accum.)
6-2
2
6-15
(quar.),-,,^
Stores (quar.),,—,,
Public Service Co., Ltd., com. (quar.)
20c
(quar.)
2
6-21
Department
Interstate
—
'
;—
participating
67c
5-22
6-
____
(quar.)
International
1
2 Vic
(quar.)—
4% guaranteed (s-a)-,
—.
Imperial Varnish & Color, common (quar.).,
$1.50 conv. partic. preferred (quar.),.
Indianapolis Water, class A (quar.)
5% preferred A (quar.)
.
Inter-City Baking, Ltd.,,,
;
International Bronze Powders, Ltd.—
Common
1
6-
...
7-
6-15
50c
25c
62(4C
$$1
,
Houdaille-Hershey Corp., $2.50 cl. A (quar.),
Huron & Erie Mortgage
(quar.)
—
75c
—-
—
.
$1.25
$1.75
—
$15
75c
31c
,
5-31
6-12
'
37 (4 c
25c
25c
25c
a.
Brewing Co—
Rubber Co. (quar.)—
(G.)
Heileman
5-25
6-15
v
Raybestos-Manhattan, Inc. (quar.)
Real Silk Hosiery Mills, 7%
pfd.
(accum.),
.
$1.25
—.—,
Manufacturing
Co.
B
5-31
6-15
5-21
6-26
6-15
20c
/
Pyrene Manufacturing Co.
7-
lc
$1
6-15
6-15
5-24
1
7-16
50c
$1. 25
(quar.),
5-31
6-15
$1.25.'
10c
2
6-
6-15
5-31
7-
50c
7-
7-
5-31
prior preference
Inc.
$5
Pullman,
"
7%
5-15
1
I
7-
preferred (quar.)
.
$1.75
Green Mountain Power Corp., $6 pfd. (accum.)
$1.50
Gulf States Utilities Co., $4.40 pfd. (quar.),
$1.10
Hamilton Mfg. Co., cl. A partic. preference,'
25c
Hammermill Paper, 4(4% preferred (quar.),
$1.12¥2
Hanley (James) Co., common (quar.),
25c
7% preferred (quar.)——.
*—
87(4c
Hartman Tobacco, $3 preferred (quar.):
<■
75c
$4 prior preferred (quar.)
_
$1
Hazeltine Corporation
,
—__
50c
6-
7c
Burd', Piston Ring Co. (quar.)
;
Cable & Wireless (Holding), Ltd.—
American dep. rets, for 5(4% preference,
Class
1
6-
1
6-
1
6-
—
Puget Sound Power & Light Co.—
6-15
$1.25
$1.50
preferred (quar.)
6%
6-15
6-
2.
of Rec.
7-16
6-15
50c
General
.6-15
2
7-
6-15
50c
"
A
7-16
2
7-
6-12.
35c
(quar.)—
Company
Class
6-
30c
Burial Casket Co.—
quarterly
Brown-McLaren
Canada
2
.—
Co
Ry.
Bright (T. G.) & Co., Ltd., 6 %
Brockway Motor Co
Brooke (G. & E.) Iron (quar.)
Dullard
2
62 (4 c
___L™,„™_
pfd. (quar.) —
(quar.)
Briggs & Stratton Corp.
Buda
8
preferred (quar.)
Goodrich (B. F.) & Co., common
$5 conv. preferred
_
Grandview Mines
(s-a)
Great Atlantic & Pacific Tea, common
$2
77c
Co.,
&
Corporation
Breeze
5
7-
1
7-
25c
20c
Manufacturing
Increased
Georgia Power, $5
—
Co.,
Boyertown
9
/
(quar.
(quar.)
Y.)
(N.
(quar.)
Elevated
6-
7-
6-
75c
6-16
7-. 2
6-
6-
6-30
25c
683/4C
(quar.)
particpating preferred A
Reinsurance Corp
$3
6-30
$1.50
class A
Class
B
(quar.)
Booth (F. E.) & Co., $3 pfd. (accum.)—
Borne-Scrymser Co.
—
Boss
5-31
'
Gaylord Container, common (quar.)
5(4% preferred (quar.)
Gemmer Manufacturing, class B (quar.)—
6-20
40c
Inc., 5% preferred (quar.),—
Birmingham Gas, $3.50 prior pfd. (quar.),,
Blackhawk Brewing Co.
;
*Black Hills Power & Light, commpn^-——-
Bos-ton
5-31
$2.25
& Son,
Bon" Ami
6-20
$1.37 ¥2
pfd. (quar.)
6 7o
Investing
(S.)
1
$1.75
—
Ties
preferred
6-
$1.25
Benton Harbor Malleable Industries
5%
6-12
$1.25
5To?preferred (quar.)
Hydro-Electric,
Blumenthal
4
$1.25
pfd. (accum.)
6%
Bangor
Bird
6-
»
6-29
50c
of New Jersey, common
(monthly)
preferred
67o
8
6-20
t$1.25
r
When
Payable
25c
"
:—*, ..,$$1.38
25c
Equipment Corp., 57c preferred (initial)
Assdciates Investment, common (quar.)
Co.
2
(quar.):.
5¥2 ¥0
$1.75
.—
Natural Gas,
Brummel
2
7-
——
—
preferred (quar.)
preferred (quar.),,
5%
4
7-
—,
12>4c
1
/——
Aro
Beau
6-
$1.75
preferred (quar.)
Bankers Trust
Gatineau Power, common
6-15
"
Refining, 7% pfd. i.quar,) —
American Surety Co. of New York (s-a)
American Telephone & Telegraph (quar.).—
American Thermometer, preferred (quar.) —
American Woolen, 7%
preferred (accum.),,
Arizona Edison Co., Inc., common (irreg.)__
Bankers National
6-1
6-30
25c
American Sugar
$5
6-15
50c
American Stores Co
Arkansas
Garrett Corporation
—
(accum.j
preferred
American Stamping
6-21
12 (4 c
(quar.) —
1
preferred (quar.)
American Export Lines
American Public Service, 7%
5%
2
$1.50
,
6%
7-
$1.25
7%
non-cum.
preferred (quar.)™
American Cigarette & Cigar, common,
$1.75
Public Service Corp.
5-31
6-15
22c
10c
$20c
Fundamental Investors
Holdert
Per
Share
Name of Company
of Rec.
Payable
Share
Name of Company
Holdert
When
Per
When
Payable
Per
Share
Name of Company
Monday, May 21, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2264
v
Co
S. funds ——
——
Automobile Insur. Co. (St.
Business Shares, Inc.™,
—-
Louis),
—-
*
50c
25c
20c
4c
.
•
.
6- 9
-6- 1
6-15
5-20
6-1
6-11
6-11
5-15
5-21
6-11
5-22
5-11
5-4
6" 1
5-17
5-19
6- 1
5-10
THE COMMERCIAL & FINANCIAL
2264
'
••.
.■
^Y:',%"■■■>>*.;, Name
.
When
Holderi
Payable
American Car & Foundry—
7-
preferred (quar.)
American Cigarette & Cigar, common
6% preferred (quar.)
——-—
American Cyanamid Co., common (quar.)—
5% preferred (quar.)—.——7%>
non-cum.
Export Lines
American Public Service, 7%
American
preferred
7%
•
Investment,
Associates
5%
Black Hills
Power
57c
&
——:
Bon Ami
Class
Booth
(S.)
&
A
Elevated
6-
8
(quar.)
Great
1
-1c/o
—
American
preference.
Bread Co., Ltd., common (interim)
preferred (quar.)—
1st preferred (quar.)
Canada Foundries & Forgings, Ltd.—
A
(quar.)
Class
A
(quar.)
...
Canada
Permanent
Canada Vinegars,
Canada
Wire
Mortgage
Ltd.
(s-aI
5-18
5-18
7- 2
6-22
7
$1
6-15
6-5
Schiff Co.
50c
6-15
6-
25c
6-21
5-21
25c
6-15
6-
25c
6-15
5-22
75c
31c
50C
6-
6-
6-11
2
6-
5 V
6-
l
2
$4
Hazeltine
,
(quar.)*___—%——1-
prior preferred
5-31
preferred (quar.)*
Corporation
5-31
Hecla Mining Co.——
1
5-21
Heileman
1
5-19
Hewitt
1
Brewing
(G.)
Co.
Rubber
—
Co.—
—
(quar.)
—
6-
1
2
6-18
Honolulu Oil Corp.
7-31
7-16
Houdaille-Hershey
7-31
7-16
Huron
&
7-
6-15
Illinois
Central RR. Co.
6-15
5-29•
5-25
5-15
7-
6-
2
2
1
5% ' preferred
5-22
1
Inter-City
6-
1
International
6-15
Common
5-31
6-
5-29
8
6-15
6-
6-
6 '/c
5-21
6-30
6-
Interstate
5-22
5-21
4-17
6-12
5-29
7-
6-
3
Jewel
474%
9
Jones
$3772c
6-
5%
1
5%
9-
1
6-
1
7-
3
6-15
K
6-
1
5-15
Kansas-Oklahoma
6-15
Stuart
7-
7-15
6-15
Class
65c
7-16
6-20
5%;
7-14
6-23
Talcott
17c
7-3
5-31
5Yg %
7-3
5-31
7-3
5-31
7-
3
5-31
7-
3
5-31
25c
6-20
6-
8-1
7-18
Tide
Water
5-26
Title
Insurance Corp.
6-
4
Toronto Elevators, Ltd., 5(4 % pfd. (quar.),*Transue & Williams Steel Forging Corp.^—
6-
9
3
6-
9
7-
3
6-
9
7-
3
6-
9
7-
3
6-
(quar.),——*—_.—
1
(quar.)
9
5-19
6-
9
5-25
6-
6-20
7-
2
6-20
25c
6-30
6-15
Lily-Tulip Cup
60c
6-30
6-15.
Lincoln
6-30
Leyy Brothers Co., Ltd
Liberty Aircraft Products Corp.—
$1.25 conv. preferred (quar.),
7
(Life & Casualty Insurance (Tenn.) (quar.),
6-
6-
6%
6-15
6-15
10c
25c
5-22
Union Trusteed
7-
6-10
2
South
$7 prior lien
<
i
West
Utilities
preferred
Accumulated—
lien preferred
Accumulated —
of
Co.
25c
6-20
5-31
15c
6-11
6-
1
6-25
7
6-
1
25c
6-25
7
6-
1
75c
6-
1
5-15
Magnavox
35c
6-30
6-20
Magnin
6272c
6-29
6-14
Marven's Ltd..
5-21
Merck
"7;
Chicago Corp., $3 preferred (quar.).
;
Chicago Flexible Shaft
Chicago Great Western Railway Co.—
5%
preferred
(accum.)..
•
—
-
Street
Citizens
Clayton
Stamping
&
Electric
United
Elastic
United
States
1
Utilities Equities
5-23
$5.50 priority
stock (accum.)
Valley Mould & Iron Corp., common
6-
1
5-23
6-15
6-
6-15
5-31
6-15
5-17
Warren
5-31
5-10
Washington Water Power,
6-
9
5-26
Welch Grape Juice Co.,
6-
9
5-26
6-15
5-25
6-14
$3.25
2
6-15
Meyer
6-
1
5-25
7-
2
6-14
5%
Devonian
Oil
Diamond
Co.
Mount
Dictaphone Corp.
Dobeckmun
Dominion
Dominion
Textile,
Ltd.,
common
Eastman
Kodak
€7-, preferred
Edison
Co.,
1
National
6272c
6-10
6-
1
New
25c
6-15
5-31
common
common
(series
1938)
Co,
L.
Emporium Capwell Co.,
proval
5%
Class
7%
B
A
Ford Hotels
Class
dividend
(subject
(quar.)
A
.——:—
Co.—
;
to
6-
7-
2
6-
5
7-
2
6-
5
6-12
common
6272c
6-12
9
5-12
1
5-12
6-
1
5-12
-
9
1
6-
Industrial
6-
9
6-15
5-31
$1
5-25
5-21
5-21
6-30
6-15
8-15
7-16
$$1.75
8-15
7-16
$317tc
7-
6-15
7-
Penn
,.
&
Ford,
Ltd.
Switch
Electric
$1.20
(quar.)
75c
(quar.)___
Co.—
preferred class
A
,*
-
■
<
*
2
2
6-14
; 6-14
6-
1
6-15
6-
1
r
(quar.)—*
"
5-28
7-
2
6-22
567*0
7-
2
6-22
7-
5
Co. (quar.)
Pennsylvania Salt Manufacturing Co. (irreg.)
75c
40c
6-15
5-31
Pet Milk Co.,
(quar.)
25c
7-
2
6-10
(quar.)
$1.0674
7-
2
6-10
Penney
47*%
5-19
5-17
7-
6-20
10c
6-1
5-19
10c
6-
1
5-19
1772c
6-
1
5-19
47*.%
(J. C.)
1st
preferred
2nd preferred (quar.)
6-30
6-12
Steel
Adams
Supply
Co.
Phillips Packing Co
Pittsburgh Forgings Co.
50c
6-11
6-
8-
7-16
Potter
25c
8-
7-16
Preferred
—...
Accident
—
Insurance (N. Y.)
(quar.)
'
Allied Mills,
Inc
Products
Class
(quar.)
in
the
Companies
When
4%
6%
6-10
4
5-21
6-
6-28
6-
6-15
6-
1
American
20c
6-19
6-
5
American Business
Aluminium,
common
(quar.),
:
(quar.),
7
5-26
Amalgamated
6-11
5-25
Amerex Holding Corp.
pay.
Electric Corp.,
American Arch
6-15
$$2.50
7-2
15c
7-
2
6-
9
7- 2
7- 2
43 %C
-
40C
6-30
5
6-
9
50 c
6-11
7- 2
$1
6-
5
$1.50
6-
1
$30c
Ltd—
7-
2
Shares, Inc
6- 9
50c
-
25c
Insur. .Co. (St.
6-15
15c
in U. S. funds
(s-a)j:
6-
$$2
Co
Automobile
6-
40c
$1.50
common
-
Industries, Inc. (quar.),.
Ltd., common (quar.)
preferred
$30c
25c
«
America,
preferred (quar.)
2
6-
6%
Co.,
Cement
7-
4-30
5-31
v
50c
(quar.)
—
(quar.):
Portland
of
1
5-15
$1
common
preferred
Co.
6-15
6-12
6-30
15c
*
Corp.,
Louis),
Holiert
of Rec.
5-22
6-15
4
5-15
6- 1
30c
10c
25c
A
Aluminum
Payable
Share
—__
class B_
(quar.)
Allis-Chalmers Manufacturing
Alpha
.
20c
—
Co.
—
$1.50
1
.
Agnew-Surpass Shoe Stares, Ltd., common—
Alexander & Baldwin, Ltd
Algoma Steel, 5% preferred (s-ai—
Allied Laboratories, Inc.
(irreg.)
10c
(quar.)
Plymouth Oil Co.
Company
(quar.)
: '
Engineering,
25c
25c
—
.
Products J
Standard
25c
(quar.)——,.
7 -7;
(initial)
Manufacturing,
Aeronautical
Aetna
Aluminum
RR.
Co.
Manufacturing
$1.0674
*
Philadelphia Germantown & Norristown
25c
1
common
Acme
Aero
Name of Company
:
-
Allied
30c
Miscellaneous
and
Per
.
6-25
given
8
$25c
common
previous
include divi¬
preceding table.
$$1.25
Ltd.,
1
1
give the dividends announced in
we
1
2272c
Co.,
6-
6-
15c
(quar.)
Co.—
Products
Steel
common
Penlck
5-28
6-
6
(initial)
& Guaranty (Cal.)
Service
Water
Old
5-31
6-
6
Ins.
6-15
6-11
6-
50c
:
preferred (quar.),,
——
Page-Hersey Tubes, Ltd. (initial quar.)*:
5-31
25c
—
Co.—
7%
5-31
6-12
,—
—
(quar.)
50c
5
5-25
Ohio
Ontario
2
25c
25c
Co.
4
5-25
2
6-
50c
5
5-21
*-.—100%
Gas
6-
weeks and not yet paid.
The list does not
dends announced this week, these being
40c
—z,_
Oak Manufacturing Co.
6-15
7-16
Natural
Oakland Title
5-31
ap¬
—_—
;
Northern
7-16
30c
———
Corp.,
Newport
L_
Stores, Ltd., class A
Service
5-18
40c
.—
Below
2
5-15
1
*
6-
6-10
$1
50c
6-
6-
6-
Mining Corp
Electric Corp.
6- 4
$1
57
$1
5-25
...
6-10
777
7-14
6-15
pfd
6- 4
1
3772c
$6 preferred
Light Corp., 77c
5-19
6-10
2
6-14
25c
(initial quar.)„
—
5-19
1
8■
$1.22
25c
(quar.)—
common
preferred iquar.)*—
Ftilton
'
common (quar.)
of stockholders)
preferred
(quar.).
—
common,—_
5-18
1
6-
7-
'
6-30
627aC
r
*__
6-
$1.42
2
25c
(quar.).
6-15
1
6-
8
25c
6-
1
6-
7-16
5-31
6-
10c
(quar.)
6-
6-18
6-15
5-15
7-31
—
Nurseries,.
Youngstown Steel Door
25c
1
(accum.),,.
(Thomas)
6-14
Newmont
$1.50
A
(Consol.)
Zeigler Coal & Coke Co
$1.50
5-25
$1.50
Class
Young
5-15
6-
$1.75
20c
(irregular)
6- 1
1
$1.75
_
Cab Co.
5-21
$3.50
$$1.75
—
Yellow & Checker
5-21
***1—**,
8
2
Co.,
5-19
6-
$1.50
common
Class A 1st preferred (accum.),___
Class A 2nd preferred (accum.)__*
1
6-15
15c
Cordage
6-15
7-
7 6-15
Co.—
6-
50c
preferred (s-a I
6-
2
Cab
$1
25c
Co
2
/76-15
20c
Newspaper Machinery Corp.—
preference (accum.)
Brothers, 7% preferred (quar.)
&
5-19
5-15
6-
$50c
37(4c
-7 17(4c
$1.1834
prior
Co.
1
$1-50 7-6- 1
.7*
1
England Telephone & Telegraph Co.,,*
5-30
6-15
6-15
$7
>•'
7 f 7 7
(s-a)
(quar.)
6-
35c
B
6-15
9
7-15
preferred
Wood
6-22
York Power &
7-
preferred
Fitzsimmons
7%
6-14
2
6%
5-31
6-22
7-
New
(quar.)$$1.25
conv.
stock
Bedford
6-27
New
1
...
6-15
*
(quar.),
(quar.)—
Radiator
50c
25c
—
7-
6-15
5
5%[
Common
A
Class
j.
6-30
6-
1941)
preferred
Class
6-
6-
(series
4r(4 %
>7
$1.25
2
6-11
preferred
Eversharp. Inc.,
City Lines, Inc., common (quar.),,
4
6-11
conv.
Boat
National
6-
—
Stores,
Special '__*:
Corp. (irregular)
Casualty (Detroit)
7-
5%.
Electric
National
6-15
(quar.).
Brothers
Nachman
$35c
(quar.i
63,72c
1
$1
Muskogee
25c
-7% preferred (quar.)
Doyle Manufacturing Corp.
Checker
*
1
6-10
(quar.)—
Yellow
B
Company
5-25
7-
—
Ltd.
5-28
$30c
6-15
-
...
Steel.
6-
(initial)
6-
3
25c
&
(Rudolph)
preferred A
$4
7-
50c
Company
Ltd.
Inc.,
6-15
6-
___
Wurlitzer
25c
6-15
6-25
—*___—__>,
—
5-19
preferred
$4
25c
—
Foundries
Line,
40c
(quar.)
6-
$25c
50c
Co. (quar.)
$1.6272
6272c
$15c
..
.
Woolf
(quar.)
(quar.)
7V2c
-
—
Divco Corporation
•
$1.25
Ltd. (quar.)
Lines, common
Hotel,
Royal
Munson
—
preferred
$2.50 conv.
(quar.)
Alkali Co.
Brewery,
Moore-McCormick
<
20c
RR.
5-19
20c
preferred (quar.)
25c
(quar.)
Bound Brook
5-19
6-
Mojud Hosiery Co., common
Packing,-6V2%~pfd7(quar")—
(H. H.i
___
of America—
6-
10r*
7-
>
preferred
5-19
Pftrfiniiifltino'
Molson
(quar.)
5-31
6-
817tc
participating preferred (quar.)
6c
Ct^sley
6-13
$1
5-15
*;
(quar.)
10c
Co
common
5-19
5-31
37C2c
;
Manufacturing Co.
preferred
5-25
6-15
•7 6- 9
,**7
Virginia Pulp & Paper
4%%
1
6-
75c
(quar.>,
(s-a)
Wisconsin Electric Power Co.,
6-20
6-30
75c
$1.50
$1.06(4
Weyenberg Shoe
2
1
special guaranteed
5-31
25c
Western Steel Products Corp*;' Ltd
7-
Linotype
(accum."
(quar.),,
6-20
$1.317*
1
1
common—
25c
(quar.)
5-25
(quar.)..—
West
66-
$1
pfd. (quar.)*,7-
West Coast Telephone Co., 6% pfd.
West Jersey & Seashore RR. Co.—
6%
50c
preferred (quar.).;
$6
2
preferred
6-
preferred
$3
2
5 7»%
6-15
is
4(4%
preferred
Co.,
7-
1
2
Steel Corp
Copperweld Steel Co., common
conv.
6-10
$7
(Northami
7-
8-
9
Continental
5%"
6-15
Baking Co.,
6-15
6-
$1.37(4
*
(accum.)
$$1.25
8-10
6-
...—
Delaware &
5-25
Ward
5-28
6- 5
$1.25
—_
(quar.)___*___;
Valspar Corp., $4 preferred
5-31
6-20
50c
proposed to be
•i made 28 days after the date of the SEC
^f .order to the holders of preferred stock at
L the close of business on
the 14th day
iI after date of such order)—
Community Public Service (quar.):
Consolidated Gas Utilities Corp. (quar.)..—
Crucible Co.
■
2
Commonwealth & Southern Corp.—
Press, Ltd., class A
Continental Oil Co. (Del.)
6-15
6-15
7-
(Del.)
Consolidated
V
$1.1272
$1.12 72
(payment
'
-
1
5-17
7
6-15
25c
5-31
$5.50 prior preference
6-10
6- 1
6- 9
(Salt Lake City)
7 7
5-31
Corp.—
1
6-15
7-
$2
(interim)
Insurance
6-11
5-31
$1
50c
i£f7
(quar.)
Freight Co.
Utah-Home Fire
6-11
6-20
6-15
:25c
-
£
(reduced),*
Corp.
1
(quar.)
Metal Textile Corp.,
6-11
6-20
7
40c
Inc.—
Corp.
;,!* :r
;
6-
preferred
7-
:
i
;
6-12
472%
6-14
Lines,
United Aircraft
1
Mergenthaler
6-11
6-20
10c
(quar.)*
Rope
6-15
6-
5-31
Wire
5-25
(quar.i
common
25c
(quar.)
5%.cum. preferred
Corp.
Inc.,
50c
common
Union
1
6-15
1
6-11
6-20
^
18c
9
15c
35c
(initial quar.),
6-20
17c
;
24c
7-
(quar.)
preferred
6- 1
"C"__
6-
30c
Manufacturing
Commonwealth Investment
preferred
5%
5- 9
9
"B"„
15c
-
Coleman Lamp & Stove
$6
Company
C.)
Co.,
5-19
6-
Fund
25c
;
Illuminating,
preferred
(R.
&
30c
30c
; *7-7;77 ■ ■
'*■ 7c
Fund
6-
(quar.)
5-31
Bond
35c
—
(quar.)
!
Co
Lambert
Cleveland
$4.50
——
:
Controller
Co.
6-15
Bond
20c
—
Ry..
Utilities
City Auto
Clark
Products—
Company
(I.)
5-31
5-31
$1.12Va
Union Bond Fund "A"__
15c
25c
$1.25
1272c
25c
common
6-30
6-30
50c
Union
317»c
Paper
Repeating Razor,
$5 preferred
(quar.),
Magma Copper Co
Mahon
______
(s-a)
Magazine
:
;
&
7
:::, 37V2c
_*___*
Union
6-18
5-31
6
5-29
5-17
7- 2
5-26
6-
6- 4
6-
7
5-23
6- 9
6-15
2
1
5-21
7
6-11
9
United Air
M'fies, Ltd
$1.50
—
—----
Cincinnati
Macassa
$1
„
'
Advertising
Louisville Title Mortgage Co.
5-31
Power
Common
2
6-
25c
777
$1.75
10c
10c
(quar.)
7-
1
5-31
$66c
.___
$3c
5-31
6-20
Maclaren
(quar.)
Funds, Inc.—
$25c
Land & Exploration
"
6-
6-12
Louisiana
$1.12J/2
_*_
30c
—
5-25
12V2c
Fund
3772c
8772c
(quar.)
5-25
6-15
7
Fund
5-31
5-31
"
$1.50
___
(quar.)
Stock
6-
—
pfd.__
6-15
25c
$4.50
6-
50c
6-
$10c
(quar.)
6- 8
6-11
-
$1.37(4
Union Preferred Stock
6-15
6-20
$1.75
;
———:
(quar.)——.
preferred
Union
6-15
6- 8
_:
1
;
6-15
7- 3
ioc
(quar.),
Co.
6-18
'■
7- 3
50c
1
6-12
common
2
1
$20c
Louis,,*,,
6-
25c
(quar.)
(quar.)
Inc.,
Stores,
Co.,
6-
3772c
6-20
>..$1.75
America,
Cincinnati
Lincoln
7%
Chesebrough Manufacturing Co.. (quar.)
Extra,'.;
1
Co.—
(quar.)
$6-prior
Chamberlain
Inc
Oil
of St.
6-12
'
Products,
Sugar
8-1
2
—
6-15
common (quar.),,___
Corp.,
preferred
preferred
7%
1
Union
(quar.)————,
Corp.
Service
5-31
5-31
6-16
7-
___*,_
.common
preferred
6-15
v
20c
25c
10c
25c
20c
$$1
(quar.)
$4.50 prior preferred (quar.i,,,
____*_*,
Twin City Fire Insurance Co. (Minnap.) (s-a )
6-10
~ 30c
;,
$1.50
6-16
6-30
Co.*—50c
Coal,
5V2% preferred
5-19
6-30
7-
^7
.___
Oil
50c
10c
•
Traer
6-
$1.25
Twentieth Century-Fox Film Corp.—
Common
(quar.)
i
*
5-19
—
1
Truax
5
1
6-30
$1.50
5-
1
$1
;•*_■
Transwestern
1
$1.50
,
1
5-29
6-
6-11
(irregular)—
6-
9
5-19
2
68%c
Quarterly
6-
6-20
$2
1
6-
6-30
•
6-
1
7-
$62V2c
Associated
1
5-17
6-
?
(quar.)—____
common
7.
6-
7
1
40c
(quar.),,
Telautograph Corp
Texas Gulf Sulphur
Extra
6-
45c
(quar.)
6
5-15
5-25
$20c
Tamblyn (G.) Ltd.,.common (quar.7
Co.—
"
Inc.,
preferred
6-
20c
5c
5-31
6- 9
(quar.i.
(James)
2
$1.25
$1.25 V 7- 2
6-10
6-15
1
30c
preferred
7-
50c
6-20
25c
__—
7-
(quar.),
$3
$3
6-20
.
9
5-24
Tacony-Palmyra Bridge, \common_____
6
$2
6-20
■
8
6-
4
25c
^20c
6-
6-
.7;
6-15
75c
6-
5-28
participating preferred (quar.)
Sunray Oil Corp., 4V2% conv. pfd. (quar.),,
Swift & Company (quar.)
Preferred
5-31
6-12
6-18
A
A
6-15
1
$1.25
Kentucky
Co
7-15
50c
com.
6- 2
Oil Co., Ltd.—
(D. A.)
Class
of
Fuller
6-12
$1.0674
—
6-15
35c
6-15
(quar.)
Gulf Ry.
&
Co.
&
5-21
6-
75c
2
—
$$1.75
—.
—
3
7-
*
Oil
Baer
5-25
1
3114c
6-30
—.—
6-30
(quar.)
&
5-10
(quar.)—
preferred A (s-a)
preferred B (s-a)
non-cum. preferred C
Kern County Land Co.
—:
,_*
Keystone Steel & Wire Co—*—
—_*
King-Seeley Corp., common—,
5'fa convertible preferred (quar.)__—__*
Kingston Products Corp.,:
—
Kleinert (I. B.) Rubber
Laclede-Christy Clay Products
Lake St. Johns Power & Pap;, Ltd. (initial)
5-31
7-
$25c
—
of America
Central
1
6%
5-31
6-30
———_—
Steel
6-
6'!c
5-31
6-15
—
Carolina Telephone & Telegraph Co. (quar.).
Ohio
Stix
5--25
6-15
6-
$1.25
Co
(quar.),,,,
(quar.)
Standard
5-21
—
6-15
2c
common,,,,,
5-21
5-15
:
Staley (A. E.) Manufacturing,
$5 preferred (quar.)
6-11
(quar.)
Manufacturing Co.
W Battery Co., Inc.
Joy
Gas
Co.
5-15*
5-31
1
6-15
m-
(accum.)___
Pacific
1
(quar.)*—
preferred class A
preferred class B
preferred
Southern Natural
Southern
9
1
(quar.)—
Laughlin Steel Corp.,
9-15
6-15
7%
6-20
6-
3
1
6'fo
■
preferred class A
&
6-28
,7
$50c
$$2
$15c
1
6-30
'
Jones
6-15
6-
6-15
5-15*
$50c
Southern Colorado Power Co.—-
7-
1
6-
$1
Southern California Plastic Co
5-22
1
6-
22c
5-22
6-
(increased)
Machine
Lamson
&
(quar.)
xl%%
xl74%
xl74%
(quar.)
Stores
preferred (quar.),,:
Johns-Manville Corp.
9
1
6-f5
6-15
6-15
5%
1
6-
6-
.$5.
25c
35c
(quar.)
common
6-9
—-—
Catalin Corp.
Inc.,
6-
,
;
Co.,
50c
._.
x$1.75
preferred
3
—
7% preferred (quar.)
:-***,*
Canfield Oil, common-..
6% preferred (quar.)
Tea
A
6-
*
7- 2
6-15
Co.—
$3772c
*——
Department
Pacific
5-18
7- 2
Shepard-Niles Crane & Hoist Corp. (quar.)
Silknit, Ltd., preferred (interim)
20c
preferred A (quar.)l
7% preference B (quar.)
5% preference C (quar.)
5%f preference D (quar.)__
6- 9
6-20
Class
5
Powders, Ltd.—
(quar.)
6- 2
preferred (initial quar.)$3l(/4c
Serrick Corp., class B
20c
7-
■
&
5-15
7- 2
$i[25
(quar.)
Mountain
7-10
6- 5
1
$1,25
(quar.)—
Co.,
&
$2
$15c
7%
1
Scytes
6-
$1.25
(irregular)1,
preferred.
,
$3772c
Public Service Co., Ltd., com. (quar.)
Jamaica
v
5%
$1.25
$75c
(quar.)
Rocky
5-10
6-20
$1.75
.
6- 4
1
20c
Common
1
(quar.)
(quar.)
preferred class A
Louis
8-
7 i/2C
preferred (quar.),,
St.
(Leased Lines)—
Harvester
prior preferred
$1.31(4
5-27
6272c
$$1
Ltd
participating
9
5%
5%
5%
-
5-25
Inc.—
—
5-31
5-18
6-15
30c
(quar.).
6-15
6-15
25c
,
'
25c
,
—_
(quar.)
A
Bronze
International
1
1
5-31
*
$2.50 cl. A (quar.),
(quar.)__
class A
Baking,
6-
6-15
'
Central
(quar.)
Corp.,
Mortgage
—
9
Co., Ltd.—
Carthage Mills, Inc., common
6% preferred B (quar.)
Erie
6-11
$3772c
-
4% guaranteed (s-a)_,
Imperial Varnish & Color, common (quar.),
$1.50 conv. partic. preferred (quar.)—__
6-
■
6%
472%
Paper,
:
Rockwood & Co., common
6-1
Hanley (James) Co., common (quar.)_
1% preferred (quar.)—
Hartman Tobacco, $3 preferred (quar.)
Corp
5-19
6-1
Hammermill
V
6-15
6-15
5-15
7* 2
6-12
6-12
3
(quar.),,,.
——
1
6-15
7-
(quar.)
_____
1
6-
5-31
7-
B
Extra
6-
2
7- 2
preferred (quar.)
River Raisin Paper Co
:
Robertshaw Thermost, preferred
6-23
5-19
_____—
—_
5-15
7-
$125
Copper & Brass,
6-15
5-19
(quar.)
& Cable
1
5-25
5-31
5-23
6-12
$15
pfd. (accum.) $$1.62'/2
(Phila., Pa.) (s-a)__
3oc
5'/*%
6-30
6-15
$$1
(interim)
125c "
6.%% preferred (quar.)_—
$$1.6272 V;
Canadian Canners, Ltd., common (quar.)—
$20c
5% 1st preference (quar.)
$25c 5
Participating
——***.——
$5c
60c non-cum. conv. preferred (quar.)—— 7'
$15c
7; Participating
$8c
Canadian Celanese, Ltd., common
$25c
Class.A
Class
6-
Revere
6-20
5-15
25c
$1.1272
25c
8772c
75c
cl. A partic. preference,
Mfg. Co.,
7-
———.
Machinery Corp., Ltd.
6-30
6-15
6-20
6-15
6V2%
Republic Insurance Co. of Texas
«
,7 $1.10
States
$10c
$62V2c
——
Canada
1
Hamilton
' $$1.50
_
5%
Class
6-
Gulf
pfd. (accum.)
Utilities Co., $4.40 pfd. (quar.),
6-
5 3/10c
25c
6%.
Republic Aviation
6-15
;
..,,6-15
(accum.),'
1
6-15
6-15
371/oc
pfd.
prior preferred A (quar.)
Reliance Insurance Co.
5-21
6-15
.—
Canada
2
5%
Reliance Grain Co. Ltd.,
8
6-15
5-24
(quar.)
6-
75c
$1
50c
$1.25
Cannon Foundry—
&
7-
6-
2
Hosiery Mills, 7%
1
Ltd.—
for 5727c
dep. rets,
Wyant
6-21
2
7-
Silk
<"
6-15
.
Campbell
Real
Green Mountain Power Corp., $6
7-
:
(Holding),
6-2
(quar.)
Rec.
6-
7-16
20c
7-
•
25
Co
Inc.
01
7-16
soc
Pyrene Manufacturing
Raybestos-Manhattan,
holdert
6-29
"
—
5-31
5-31
6-12
$1
$1.75
$1.50
•
Pullman, Inc.
6-15
6-15
Payable
25c
50c
(quar.),
6-15
lc
common
prior preference
6-15
6-30
■
,.
Wireless
preferred
Tea,
2
$5
5-15
Indianapolis Water,
—————
1
^
1
;——
quarterly—:
6-
7-
Share
.
(monthly),,
preferred
1
7-
;
——
&
Pacific
&
6-30
35c
Breeze Corporation
40c
Briggs & Stratton Corp. (quar.)
—
50c
Bright (T. G.) & Co., Ltd., 67c pfd. (quar.)t$1.50
Brockway Motor Co.——
50c
Brooke (G. & E.) Iron (quar.)
* 10c
Brown-McLaren Manufacturing (quar.):
2721c
Buda Company
20c
Bullard Co.
,.<*„**_**,,*—***.«>**—,.***-.* ,'7
50c
Burd Piston Ring Co. (quar.)——
12 72c
Cable
Atlantic
-S
(s-a)
1
———
(quar.)
1
6%
2
Boyertown Burial Casket Co.—
Increased
Mines
$1.75
$1
———
Co.—
6-
■
6-
——.——--—
Ry.
2
;6-
>
& Co., $3 pfd. (accum.)—
Borne-Scrymser Co.
Boss Manufacturing
Boston
6-
2
6-30
>;
(quar.)—62Vic
(F. E.l
5
6-
5c
"30c
pfd. (quar.),*,
7 7c
Co.,
class
Co.,
B
9
6-
Heywood-Wakefield Co., common.:
5% preferred B (quar.)—.**——
Hobbs Battery Co., $1.75 conv. cl. A (accum.)
—
Light, common—i.——
7- 2
.
•
common >
Puget Sound Power & Light Co.—
5-31
$1.25
87(4c
preferred (quar.)
Blumenthal
(quar.)
preferred
$1;25
Co
1
6-
35c
20c
7
Son, Inc., 57c preferred (quar.)
Gas, $3.50 prior pfd. (quar.)—
Brewing
6-
6-15
««
30c
62 (4c
50c
$1.25
$1.50
7c
Birmingham
Blackhawk
2
2
7-
10c
Harbor
&
8
6-
When
Name of Company
"
.
7-
Malleable Industries—
Benton
Bird
6-
6-30
Grandview
6-16
7-
40c
Brummel Ties
Beau
6-20
6-15
5-31
7-
$1>37'/2
$2
—
Bangor Hydro-Electric, 67c pfd. (quar.)——
Bankers National Investing (quar.)
Bankers Trust Co.
(N. Y.)
(quar.)———
10c
$20c
6-15
5-31
6-30
$1.75
$1-25
$2.25
(quar.)—
common
preferred (quar.)
~
———.
7-
1
•
—
Refining, 7% pfd. (quar.)—
American Surety Co. of New York (s-a) — —
American Telephone & Telegraph (quar.)—
American Thermometer, preferred (quar.)—
American Woolen, 77c
preferred (accum.)—
Arizona Edison Co., Inc., common (irreg.)—
$5 preferred (quar.)
—
Arkansas Natural Gas, 67c pfd. (accum.)—
Aro Equipment Corp., 5% preferred (initial) •
American Sugar
—*
7-16
4
6-20
5%
4
66-
6-20
;
6-
2
6-12
^c
2
7-
$1.75
12
Corporation
(quar.)__
$$1.25
572% preferred (quar.)
J
;
$$1.38
Gaylord Container, common (quar.)
—25c
5y2 % preferred (quar.)—
68%c
Gemmer Manufacturing, class B (quar.)
25c
$3 particpating preferred A (quar.)——
75c
General Reinsurance Corp.
50c
Georgia Power, $5 preferred (quar.)—
$1.25
6% preferred (quar.)
$1.50
Goodrich (B. F.) & Co., common—
;
50c
$5 conv. preferred
*
—-L--$1.25
7-
——
—
6-15
6-15
;
,
Public Service Corp. of New Jersey,
5-31
22c
——
'
/ >
of Rec.
Payable
Share
;
j
Investors
Gatineau Power, common
1
6-
6-30
5J;9
pfd. (quar.)—
——
—
Co..
American Stores
,
Garrett
6-21
2
6-15
$1.25
5i.ou
25c
12 /2c
—
(accum.)
American Stamping
Name of Company y-.
Fundamental
Monday, May 21,
1945
Holden
When
Per
*
■
Share
;
••
Of Rec.
PeT
■;
,■
,
of Company
••
CHRONICLE'
,
6-1
20c
6-15
4C
5-20
5-
6-
5
6-
1
6-15
5-19
6-11
6-11
6- 8*
5-15
5-15
5-21
6-11
5-22
5-11
5- 4
6-
1
5-17
5-19
6'i
5-10
161
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4387
-
Per
Share
flame of Company
Extr.on"pities"power
A
«"ccnv
Payable
1
Brookside
Brown
stock
B
7-
68%c
6-11
opt. div. series of 1936 (accum.), .
in cash or %th of share of
$1.37%
stock-O.o—
European Securities—
2
Buffalo
^
6-11
B
Class
class
American
6-11
5-17
9
6-11
6-11
6-
40C
1
7-
New
;
2
5-16
6-
!•"[
6-30
50C
6-
75c
4
5-29
1
6-
1
6-
<
62 %c
5-15
1
5-15
&
Wireless
Cotton
6-
1
5-18
California
Electric
Power,
20c
6-20
5-18
$4.25
5-24
5
Canadian
12-15
Canadian
6-15
5-31
Canadian
Investment
2
6-31
1
5-10
1
5-10
Carman
6
6-23
6
6-23
10c
6-
9
5-21
Catawissa
6-
1
5-12
6-
1
6-
5 7o
"
Railroad
+
5-10
Caterpillar Tractor
8
5-23
Central
5-19
Central
6-30
6-20
6-30
6-20
Illinois
67c
7-
6-12
Chain
1
5-
7
Chapman
$1
6-15
6-
1
20c
6-21
6-11
$1.50
$1.50
(accum.)_i_
(interim)
(quar.)
Artloom Corp.
Line
$6
6-1
(increased)
6-20
65-
1
6-13
,
6-12
6-
6-15
;
Baltimore
Radio
6-
6-11
5%
5%
5-25
5-31
Circle
preferred
preferred
25c
.
City of New Castle Water. 67c
5-19*.
1
,.
6-15
6-9
5-29
$1.25
(increased)
vtc.
5-31
5-16
1
5-15
-
5c
common
6-
15c
6-
1
5-15
$2.50
7-
1
6-
$1.75
7-
2
Clark Equipment
-
preferred
(quar.)
77c
6
(quar.)
?15C
6-
1
(quar.)
$25c
6-1
h.)
class
Co.
A
Oil
1
57c
5-31
6-
$12 %c
common
$3
preferred
(quar.)
6-
5-
7
5-23
5-
7
1
2
Collins
4-30
6-
3
5-15
:>6-
(quar.)_
-
76-
50c
6-
5-
6-20
Di
15c
6-30
6-20
Diamond
5-19
6-
Class
.
57c
Dixie
Compania
87c
1
6-25
6-15
6-
6-
5-18
'
.
20c
6-
1
5-17
1
6-15
6-
7-
2
6-15
6-
1
5-15
16c
.
5-21
<
4-30
1
6-29
6-
5-25
$1
5-15
"
50c
80115 (Quar.)
Preferred
Airways, Inc.
37%c
«
$3.50
15c
___
6-
6-20
.
,
7- 2
7-
c
8
6-
9
2
5-25
;
■
5-10
25c
<
River
Connecticut
Consolidated
6-
6
5-21
4-19
4-19
•—
- --NoteIZZ.__~"___IZ__Z.
Ltd.
(quar.)—,
50C
+20c
$26c
1
5-15
6-15
5-15
6-
7-
3
6-
4
$1.25
conv.
preferred
Glass,
5-14
1
S'
8-10
*
6-
6-
*
5-29
6- 9
1
8-
8
2
5-15
Durez
8-15
Eagle-Picher Lead
12- 1
11-15
6-1
5-15
77c
preferred
5-15
6To
preferred
6-15
Eastern
6- 1
5-11
East St.
Louis &
Co.
Airlines
Steel
5-11
6* 1
Manufacturing
Elgin National
-Z -V1:'
•
6-15
5-28
5-28
77c
1st
1
5-15
67a
2nd
6-1
5-10
1
5-10
Ely
6-
6-15
5-25
7- 2
6-12
Corp.
-v
f_;_—
(quar.)_
(quar.)_—;
Goods, common
preferred (s-a)
preferred (s-a)—
6-12
6-12
7-
2
6-12
Erie
6-
1
Railroad
57o
6-30
16-12
preferred
preferred
1
'0 5-15
2
v>" 6-14
7-
$1.50
$25c
75c
6-1
<5-15
1
"5-12
1
5-12
50c
6-
Fajardo Sugar Co.
Falconbridge Nickel Mines
—
Falstaff
of
Porto Rico
Brewing
67o
Corp.,
(quar.)
(quar.)
—
$7%C
(interim)—
3c
preferred (s-a)
15c
5-18
.66-
1
5-15
5-15
1
?" *' 9-17
10-
5-29 ;«5-15
Metallurgical Corp.—
9
6-
1
5-15
(quar.)
$1.25
6-30
preferred
(quar.)
$1.25
preferred
(quar.)
$1.25
1
Farmers & Traders Life Insurance
N.
6-15
5-15
6-30
6-25
9-29
9-25
12-31
$$1.50
$$1.50
$$1.50
12-24
2
1
•'6-16
9-15
'
preferred
(s-a)
6-30
75c
6-30
$.41.50
8-15
——
Federal
6-
9
Fenton
United
7To
preferred
(quar.)
1
Ferro
8
5-
5
5-
5
5-15
6-
1
5-15
7-
2
$1.50
$20c
_
>
6-23
15c
10c
5-31
6-
4
6-
1
-5-19
40c
6-15
5-
25c
6-
1
5-15
25c
$1
6-
1
5-21
6-
1
5-16
A
Class
B
Financial
$50c
25c
30c
5-31
5-21
6-30
5-31
5-15
7-15
25c
6-20
15c
6-15
7-10
>
at
.
(quar.)
——
(quar.)
of
15c
_
Fund
Philadelphia (stock div.)
20 7o
-
6-30
preferred
(M.
H.)
5
4-18
tl
'H
$1.12 %
Inc.
5-15
15c
(quar.)
Co.,
6-
5-31
•
,
Firestone Tire & Rubber Co.—
4% 7c
6-5
'
6-15
5
,A7'.
6-15
2%c
;
Industrial
6l-
Baltimore—
<'5-15
(quar.)
4
.
6- 1
$1.75
'
Corp
Association
Fishman
Fitzsimmons & Connell
5-15
4-30
5- 5
6-15
Dredge Ac Dredge Co.
77c
preferred
preferred
Food Fair
Co.,
6-
1
6-
1
5-20
9-
1
8-20
17 %C
12-
1
11-20
—
Fitzimmons Stores, Ltd.,
Flintkote
25c
17 %C
17%C
Quarterly
77c
31 %c
Enamel
Class
Fire
5-31
'
■')%.7.
—
Finance Co. of America
1
1
1
'5-15*
0
'
6b-
6-
1
6-
P-11
9
25C
Cleaning & Dyeing—
6-15
fi-
9
6-
6- 9
1
1
6-
Federal Screw Works—
6-28
6-
6-
30c
Light & Traction Co., $6 pfd. (quar.)
Mogul Corp
60c
56%c
$1.50
15c
Federal
+4c
pfd. (quar.)—
—
7-
10-
25c
common
25c
55c
Ltd.
9-15
'
—
(quar.)
$2.50
:>
(quar.)
Bake Shops,
•
(Syracuse,
$2.50
Y.)
Federal
57o
(s-a) __—$$3
(quar.)
Ltd. (special)
6-15
12-20
Federal Fire Insurance Co. of Canada <s-a>_
i—
*
9-29
5-15
$1.25
preferred
$5
5-18
6-
8-17
11-16
1
$5
$1
4
1
6-28
$5
40c
5-17
1
6-20
—
r.
6-
6-20
—
s. i
6-
—_—
•
2
5-15
5-15
»
6-
(quar.)_
(quar.)
2
1
5-31
1
6-
25c
Co.
7-
6-
6-15
'
25c
&
1
7-
75c
'06-14
0 •6-14
50c
Morse
Common
2
7- 2
"■■oy'v •'
1
Fairbanks,
Fansteel
1
67-
$1.37'/a
V
5-18
5-10
6-15
28c
$1.25
$1.25
1
5-18
5-19
5-18*
6-29*
' G-29*
•
9-
5-18
5-19
7-14
$1.25
1
1
6-1
7-14
12-
1
1
2
-*05-16
$1.25
5-28
5-28
6-
€-12
•
1
$1.25
6-
6-
6-
(quar.)
6-
6-
!
'
6-18
6-30
5-10
3- &
-
(quar.)—.
preferred (quar.)
Faber, Coe & Gregg com.
62%c
25c
5-25
25C
5-25
" 5-14
Co.—
57c
$1.06%
'
1
25c
Equity Corporation, $3 preferred (accum.)—
$3
57o
" '
6-
70c
——
2
5-20
60c
(quar.)_
preferred (quar.)
English Electric Co. of Canada, Ltd.—
S3 non-cum. class A—.—_—____—1—_
11-
.'5-11
^
f $1.75
—
$6
1
60c
(quar.)
Co.__
common
''5-11
1
6-
75c
2
12- 1
6-
6-12
$25c
7-2
25c
r;7-13
-'5-22
05-25
WOOO-'-
25c
(irreg.)
(quar.)—
District Electric Co. (quar.)
Empire District Telegraph, 57o pfd. (quar.)__
Engineers Public Service, $5 pfd. (quar.)___
$5.50 preferred (quar.)
1
1
6-15
6-11
50c
—
& Walker Dry
5-
8-
20c :
1
5-25
'
> 5-21
Water—
7-
'
1
15C
—-—
^5-
6-20
6-
$1.50
Co.
Watch
77c preferred
6-15
6-
1
1
(quar. )_—____
s-a)
El Paso Natural Gas Co.,
-
' 0 6-30
8-
6-
$1.75
(initial
5-15
-
<6-30
$50c
,
$ 15c
(quar.)
Interurban
4-30
1
30c
Chemicals
Eastern Stainless
Eaton
6-1
8-
15c
&
5-15
'
Ltd.—
(quar.)
6-30
Plastics
'
'Wi' '■
*>i: '
preferred (quar.)
Ltd.s(quar.)—.
Stores,
Drug Co
Duplan Corp.
12-24
9
6-30
-"1 f
1
5-25
$30c
(quar.)
1
Dominion
6-
$$1.25
$20c
1
1-2-46
7
5
on
Dow
6-25
70 6-
'
7-30
$ 30c
________________
9* 1
2
5-25
1
7-
(quar.)__
6-
7-
6-15
62 %c
$$1.25
$1.75
31 %c
(quar.)
Container Corp. of America—
Continental Assurance Co. (Chicago) (quar.)
Consumers
f-
6-22
$87 %C
Malting Co., 5%
5-19
Consolidated Vultee Aircraft—
5-21
Co.
Corp.,
5-18
1
&
$1.50
Corp
+50c
Paper
5-18
i
t$1.25
(quar.)___
—
Corp
Consolidated Steel
9-
$2
(quar.)_
25c
(quar.)
Consolidated
6-
25c
25c
—
i
5-25
37 %C
(quar.)____
$1.50
(quar.)—
4-13
1
75c
$5.60
common
—
1
1
7-
'Y
8- >6
>5-18
1
6-
(s-a)
Dominion-Scottish Investments,
57c preferred (accum.)
5- 8
75c
(quar.)
6-11
6-
4-23
iO-Oi'
->I
-
6-14
•
31V4C
—
Consolidated Edison Co. of New York, Inc.—
Laundries
6-
$1.25
Empire
quar.)
Co.
'5-12
1
$1.50
—;_____
5-25
87%c
____
Coppermines
6-
$55 %c
Mines, Ltd.
Common
7
9-
25c
Bakeries of Canada, Ltd
Consolidated Biscuit
8-15
25c
•
(quar.)
$1.25
$10c
v
of Vancouver, Ltd
Co.,
1
7-14
(irreg.)———$1
67c
*
1
50c
-
(quar.)
A
com.
6-
5-31
'
75c
common.
Power,
12-24
Dominion
1
10-15
$1.25
Congoleum-Nairn, Inc. (quar.)
1
Mines, Ltd. (s-a)
Connecticut Light & Pwr., $2.40 pfd. (quar.)
preferred
12-24
(quar.)
pfd.
$1.50
—
pfd. (quar.)—
62y2C
$$1
Car
30c
Coniaurum
$2.20
2
^10- 1
'.»*
(quar.)
50c
—»
—
Consolidated
~
Bank
5-25
\
Quarterly
Consolidated
& Power Co» Ltd.—
Oil
5-21
$3.50
—
Connecticut Power Co.
7 5-21
7- 2
30c
(quar.)
preferred
Confederation Life Assn. (Toronto)—
5-10
05-28
f
1
5c
Co.
Motor
V-- 6-11
6-20
1
(quar.)
$15c
Quarterly
1
6-30
'5-10
50C
—
50c
preferred
2
5-19
sA
10-
Anglo Investment Corp., Ltd.—
57c
preferred (quar.)_
Dominion Bridge Co., Ltd. (quar.)_
Dominion
Envelope &
Cartons
(Western),
Ltd., 77c preferred (quar.)
Ry. Co.—
Quarterly
50c
r
fmerjcan
5-19
4
6-15
40c
participating
6-30
50c
Braniff11A^orp*'
amff
■-"-American
5
6-
Confederation Amusements, Ltd.—
5-14
6-
T
Dominion
5-23
'
6-
40c
wharf Co* (irregular)—._—
SiVen«Hose & Rubber Co. (quar.)..
e
;r, saring
--
Co.
1
6-
30c
Telephone, $5 pfd. (quar.)—
Swift Internacional.
See Swift.
6-15
5-
?
:
1
*6-
$1.75
-
Eastern Steel Products, Ltd.
(quar.)—
1
6-25
$1
75c
—
Cup, $2.50 class A
Dome
,
!
'
(quar.)_.
Co.
-
1
5-21
6-
37%c
—.—
pfd. quar.)_;
participating preferred
Common
1
5-10
6-
„
Commonwealth
6-11
$1.12%
__
<intcrim)
(quar.)
Shyers
6-15
6-
20c
—
$1.50
Boston Fund
Inc.
& Distiiiers
1
$25c
———
B
Columbian Carbon
7
75c
B
Dictaphone Corp. 57c
5-25
•
common
preferred
15C
>
Mfg. 6 7c
Match
Diamond
6-15
Milling & Elevator Co.—
conv.
8-
25c
preferred (quar.)
Giorgio Fruit Corp., $3 partic. pfd. (s-a)_
15c
(quar.)
(quar.)
Iron Corp.
8
5-15
Distillers Corp.-Seagrams, Ltd.—
25c
Class A
;
5-19
1
Inc.,
5-10
'
5-31
$1.12%
57c
5-19
Columbia Broadcasting System, Inc.—
5-19
1
Common
67o
(quar.)
(quar.)_.
50c
6-1
6-
$1.75
Raynolds Co., Inc.,
5-17
(quar.)
Stores,
6-1
2
&
7- 2
(s-a)
common
preferred
$1.50
(quar.)
(quar.)_______
$3
5-22
1
preferred
preferred
Colorado
5-22
6-
$1.50
conv.
rianteraimTraCtion
1
6-1
$1.25
Co.,
Colorado Fuel &
5-15
$1.50
pfd. (quar.)
& Co. (quar )
57c
Corp.,
preferred
Ice
Colonial
5-31
1
1
$1.75
common
Sort,?' Pr^erred
766-
$1.75
_______
$7
5-31
45c
-
$6
5-17
3
12 %c
___
;
5-15
7-
6-
$$1.75
___
Blaw-Knox^Co^816' Works* 6% pfd' (tluar>)
SS?™!?8* ^obacco Co.~$6 preferred (quarJ
Stores, Inc.,
6
6-1
$$1
■
(quar.)—
,
7-
Devoe
$1.12%
pfd. (quar.)_
$4.25
1
11-5
?
$1.75
preferred (quar.)
(quar.)__
———
Aikman
&
conv.
Colonial
6-30
30c-
Preferred (quar.)
Steel Corp., common
Blnmfvu
orP-> $3
Bond Khal (Si<iney)
d
>
1
57c
5-15
——
Ltd.
6-
International Bridge (irreg.)
Detroit-Michigan Stove Co.—
6-1
—
Co.,
$1.75
(quar.)
5-23
—
Semi-annual
57c
37 %c
,____
(quar.)——
common
Plow
1
preferred (quar.)
(quar.)
$1.25
Corp.,
7-
(quar.)
75c
Electric—
(s-a)
75c
Detroit
$1.25
International
(s-a)
6-20
$$1
___
common
(quar.)
gelow-Sanford Carpet,
Preferred (quar.)
British
2
$$3.50
tJ* Preferred
Extra
7-
$25c
Co._.
Class A
Class A
5-15
Co., Ltd.—
(guar.)
preferred
Brewf~~
Brew
preferred
5-31
(quar.)
Colgate-Palmolive-Peet,
iih,Howe11 Co., common (initial)
n—.2v, Preferred (initial)—
Berkshire Fine
Spinning Associates—
®S£
77c
$1.25
preferred (quar.)
Co., common (quar.)
Cockshutt
5-18
9
& Sons, Ltd.—
Manufacturing
thlehem
1
6-
$1
participating A (accum.)
Beatty Bros., Ltd., 7% 2nd
preferred
Beaunit Mills
(quar.)
™nv-
6-
20c
$1.60
Belding Corticelli, Ltd.,
1st
Coca-Cola
30c
(quar.)
Works Corp
Power & Paper
Class A
Branrin
5-21
Detroit Gasket &
(quar.)
Coast Counties Gas &
5-31
(quar.)______
5-15
common
guaranteed
Coca-Cola
5-15
6-15
25c
(quar.)
(quar.)
Co.
Beath iw.
D.)
*
.6- 1
preferred
preferred
$3.50
preferred regular gtd.
Special
5-15
Bath Iron
Boston
Bower
77c
"
4-30
Toronto
Barber-Ellis Co. of Canada, Ltd. (quar.)
Seelig Manufacturing Co.—
den
1
4-16
Cleveland & Pittsburgh RR. Co.—
Co.—
(accum.)
Montreal
(W.
Co.,
6-15
40c
(N. Y.), common (quar.)
5-15
(s-a)_
57c
preferred (quar.)
Clearing Machine Corp.
Barlow &
—>
6-
& Hudson Co.
6-11
&"Fuel Co"""IIIIII—IIIZI—IIZII
2nd preferred
11-15
$1.12%
9-30
(quar.)_
City Water Co. of Chattanooga—
5% preferred (quar.)—
.i.
6-11
(quar.)
RR.
77o
*5-15
2
12 %c
Inc.,
1
7-
7c
_
com.
6-
7C
y
8-6
'•'-6-15
1
City of Paris Dry Goods Co.—
1% 2nd preferred (s-a)
6-
41 %c
7
^
(s-a)_
•: 5-15
8-15
6-
$1.25
5-15
Co., com.
5-31
35C
Delaware
6-15
„
$1.75
12 %c
.
'
Dentists Supply
6-15
w
6-29
1
(quar)_
1
8
6-19
Corp.—
10-10
$1.25
6-
.
5'
35c
3
—
City Ice
5-14
'
6-30
y
Shares
7%
75c
5-10
6-13
25C
5-30
75c
5-15
$2
(quar.)__
Corp._
Co., 77o preferred (quar.)
Deisel-Wemmer-Gilbert
Corp
6-
Co._—______^
1
2
Deere &
6-
pfd.—
—
preferred (quar.)_
Bar Knitting, Ltd.
6-
5-31*
Quarterly
Deep Rock Oil
7-
(interim)
Texas Pac.
:
i
7-10
50c
(quar.)__
&
6-22
25c
5-1
25c
Orl.
$$1.50
Light, $6 preferred
$37V2c
(quar.)
5-31
:
.
$5c
0
;
Bangor Hydro-Electric, 77c
Be
New
-
9
5-15
1
1
$1.75
1
$20c
(quar.)
preferred (quar.)
preferred (quar.)
57c
6-
preferred
6-
$3.50
Oil
$1.25
(quar.)_____
Dayton Power & Light Co., 4%% pfd. (quar.)
Decker (Alfred) & Cohn (quar.)__
1
$1.50
6-
40c
-
7 7c
6-28
$1.50
Co.
preferred
6-
1
6-11
50c
__
(quar.)
1
$1.50
Machine
2
___.
(s-a)
&
6-
6-15
7-
(quar.)
(interim)
Inc.,
&
$2c
Manufacturing Co.—
Cotton
Cincinnati
5-15
-
(quar.)_-
__
Show,
Bangor & Aroostook
Bathurst
6-
Sons,
Power
50c
Quarterly
Chile Copper Co
Chrysler Corporation
5-21
1
75C
75c
Monthly
B/G Foods, Inc.
Balfour Building,
Inc.,
$120
2
'
$1.65 convertible
preferred
Avondale Mills
(monthly)
Barnsdall
7-
25c
Hll RR.
Chickasha
5-18
$2.50
Co.
Corp. (quar.):
Mines, Ltd.____
Autocar Co., 5% series A
preferred
Automobile Gear Works, Inc.—
of
$75c
(quar.)
Rivet
1
•■6-1>
2
12 %c
$4c
Chicago South Shore & South Bend RR.—
Quarterly
Chicago Yellow Cab Co., Inc. (quar.)
5-18
6-13
37 %c
Aunor
Barber
Dallas
(quar.)
Chateau-Gai Wines, Ltd.
4
•
Atlas Tack
Bank
5-31
Co._.
preferred
Chicago
5
6-
>1.75
__
_____■
2
(accum.)
Valve
Chestnut
5-11
$1.50
Belt
7%
5-11
6-1
oo;oo$2
Refining Co.* (quar.)
Corp., 6% preferred (quar.)
Atlas Drop Forge Co.__l_x._.
7-
(quar.)^
pfd.
1,6-
'
Press
77c
preferred
7-
25c
Inc., 4%-% preferred (quar.)
Curtis Manufacturing Co. (Mo.)________
Curtis Publishing Co., $4 prior pfd.
(quar.)
Light & Power Co.—
$6 preferred
5-11
37 %c
—
(quar.)
Co
com.
Cushman's
(accum.)
preferred
Central Ohio
5-15
1
$1.50
Atlas
Bank of
1
6-
$1.75
___
Atlantic
5%
6-
25c
common
Atlantic Gulf & West Indies SS. Lines—
57e non-cum. preferred (s-a)
+
6%
6-
10c
Atlantic Coast Line RR. Co.
Atlas Powder
2
'
25C
(quar.)
pfd. (s-a)
5-15
—
1st issue
4%%
Century Ribbon Mills, Inc.
$6 convertible prior preferred
Coast
Co.
Light,
preferred
5-31
6-
5%
Foundry Co., 5%
6-15
50c
preferred (s-a)
& Co. (111.)—
1st
1
Central Paper Co., Inc
Central Illinois Public Service Co.—
Armour
Fe Ry.
6-
2nd issue preferred—!
6-1
15c
$1
.
Co.,
v5< 8
6-15
56 %C
(s-a)
5-15
Cuneo
75c
Co., Inc., $2 class A
$1
(quar.)
———
Extra
7- 2
Class B
30c
Coal
25c
&
7-
7-
.
."^5-; 1
-
6-15
6-30
(quar.)
common
(quar.)
Clinton RR.
$$1
Canadian Wirebound Boxes, Ltd.—
$1.50 preferred
(accum.)—
5-15
75c
6-15*
$85c
(quar.)__
5-11
Corp.
Pass
Port
4-30
(s-a)__
6-
Ltd., 5^ preferred (accum.
Canadian Malartic Gold Mines, Ltd.
Canadian Marconi COi'"(irregular)
6-25
$1.50
preferred
5-15
Trust,
7-
5-10
Corp.,
1
77c
Culver &
1
$$1.75
Corp., Ltd.
25c
$1.25
12 %C
(quar.)
Davison Chemical Corp.
(quar.)
1
'
preferred
Forster
6-
,
(quar.)
6-
5-22
50C
Insurance
&
6-15
$$1.25
(quar.)
International
Nest
$25c
6-
5-21
Financial
7-
$50c
:
75C
75C
6-1
6-22
vi'.ur
(quar.)
convertible
$62%c
(quar.)
12V2C
1
Atchison Topeka & Santa
6-15*
$1.06%
Industries, Ltd., class A (quar.)..
$2.25
(quar.)
Inc.
8 7<?
5-15
1
6-15
1
Astor
1
7-
7-14
1
7-15
(quar.)
Crum
6-29
6-
.5-11
6-11
(quar.)
common
preferred
$5
6-29
1
Dry Goods Corp.,
6 % preferred (quar.)
7% preferred (quar.)_.
6-
25c
7-31
6-
Works, Inc.
$20c
7-31
!;
6-11
20c
$1.31%
common
$$1.75
preferred
Crown-Zellerbach
5-25
$$1.25
(quar.)
Associated
6-20
$$1.25
Canadian
$1.25
6-14
(quar.)
Crum & Forster,
5-15
Canadian Tire
6-29
«
6-15
V'V
Corp.,
preferred
Company,
Crows
5-
50c
75c
Crown Cork & Seal Co., Inc.—
$2.25 preferred (quar.)
5- t
B
5-18
6-14
15c
conv.
67c
5-3 5*
1
6-
Atlantic
com.
Products
preferred
5-18
1
50C
Electric
A
preferred
5%
4
1
75c
Metal
2 3AVo
6-
25c
Art
preference
6-
7%
6-
6-15'
'6-15
6-29
(quar.)
5-18
1
$i5c
$$1.25
Class
1
$1
6*
$i5c
1
2
6-
Crompton & Knowles Loom Works—
(interim)
4
7-
20c
5-15
r
2
25c
1
(interim)
6-
6-1
7-
common
3
B
5-
5-15
(quar.)
6-
A
1
1
$1.62%
com.
5-
Class
7-
6-
$1.75
(quar.)
1
Class
5-31
6-15*
40c
(quar.)_.
6-15
5-15
20c
2
(quar.)_
Creameries of America,
Creole Petroleum Corp
5-21
(quar.)
convertible preferred
5-18
Ltd.—
Canadian Foreign Investment
Corp
Canadian Industrial Alcohol—
Arkansas-Missouri Power Corp., common
47c
6-
$1.75
25c
Fairbanks-Morse
Food
5-25*
7-
Inc.
Crane
3
Dry Ginger Ale, common.:
preferred- (quar.)
$3
common
5-
5-25
(s-a)
Armstrong Cork,
4
1
1
common
Co.
5-
6-
(accum.)
50c
S3 partic. pfd.
5
5*31
15c
1
Ltd.-
Archer-Daniels-Midland
6-
10c
25c
6-
50c
$4.50 preferred
Co.,
Coty,
6-30
Amoskeag Co., common
Mills
77c
5-15
; 6-
$0,843
prior pfd. (accum.)
The above payment clears all arrears.
Andian National Corp.,
5-15
1
50c
.
conv.
—
1
6-
!
Malting Co., Ltd. (quar.)
Bakeries, Ltd., 5% pfd. <quar.)__
Canadian Breweries, $3.40 conv.
pref. (quar.)
6- 5
Smelting Co.—
.
6-
Canada
<
6%
25c
Canada & Dominion Sugar
Cb., Ltd. (interim)
1
series
of Rec.
6-15
43%c
preferred
prior preferred
$5.25
1
Canada
25c
Corp.—
Varnish
&
Holders
When
Payable
93 %c
Copper Range Co
8
7-
6-15
(quar.)
Anheuser-Busch, Inc.
5-
•
37V2c
6-
10c
5-12
:
1
preferred
Paint
$3
$1.25
75c
(s-a)
(s-a)
Ampco Metal, Inc., common
6% .preferred (s-a)
Anglo-Canadian Telephone class A
1
1
$1.75
Y/ci,preferred (quar.)..—
Railways Corp. (initial)
American Rolling Mill Co.—_____
American Service, $3 pfd. (participating) —
American Smelting & Refining Co., commonAmerican Steel Foundries (quar.)
American Thread Co., Inc., 5% pfd. (s-a)__
American Tobacco Co., common (quar.)
American Zinc Lead &
6-
6-
(interim)
common
$4 pfd.
(quar.)
Cooper-Bessemer Corp.,
5-15
1
6-
5-18
Sanitary—
6-
15c
1
12-15
5-22*
5-15
(increased).
1
$1.75
1
preferred
Cook
4-17
7-
9-
6-
5-25
participating
67c
5
6-
6-
9-15
6-
$1.12%
dep. rets, for 5%%
6Vz%
6-15
5-21
3
6-15
5-29
$1.75
5-28
7-
7%
Cornell-Dubilier
Canadian
—
6-20
5-25
5-21
25c
50c
45c
Co.,
$3.75 preferred (initial quar.)
Continental Casualty Co. (Chicago)
4
2
Can
'
Share
77c preferred
(quar.)
Continental Telephone Co.—
7-
50c
$1.25
$1.50
6-
6-15
6-15
California Water &
Telephone, 6% pfd. (quar.)
Canada Cement Co., Ltd.—
6-20
6-11
Continental Commercial
50c
Mills—
2
5-15
Continental
Concen¬
(quar.)
(Holding)
Amer.
Caliiornia
7-
Common
Arden Farms Co.,
&
(initial
5-14
2
6-15
4
Corrugated Paper Box Co., Ltd.—
5-31
50c
American
preferred
Mining
1
7-
5-18
I2yac
;
Sullivan
6-
$1.75
preferred (quar.)
7% preferred (quar.)
7(f0 preferred
(quar.)
American Radiator & Standard
(quar.)
&
6-12
Goods—
7%
Inc.
Hill
20c
62 %c
1
20c
1
75c
-
6-
$1.25
_i
preferred
Cable
15c
5-15
'25c
common____
_
4'/2% preferred (quar.)
Butler Water, 77o preferred
Byers (A. M.) Co
5-15
,f
1
$10c
Co.______
common
5%
'
0,'15c
!
(quar.)
6-
50c
,
quar.)
(quar.)
Burroughs Adding Machine Co
Burton Dixie Corp.
(quar.)
Butler Brothers, common
(quar.)
5-22
6-15
$1.18%
(quar.)
trating Co. (quar.)_;
Burlington Mills Corp.—
5-18
12 %C
preferred (quar.)
—
General Corp., common.....
i2 preferred (quar.)—
^——
*3 preferred
(quar.)
.
*2 50 preferred (quar.)
American Hide & Leather—
convertible preferred (quar.)
American Home Products Corp.
< monthly).
American Investment Co. of Illinois, common
y/f conv. preferred (quar.)—
$2 preference (quar.)
American Machine & Foundry
—...
American Manufacturing Co., 5% preferredAmerican Metal Co., Ltd., common
6ft preferred (quar.)
American Meter Co.
Bunker
:
5-18
$1.75
4¥U
Arcade Cotton
5-10
6-
$1.50
American
American Paper
6-30
50c
Exchange Holding (increased s-a).
AmeE can & Foreign Power, $6 pfd. (accum.)
nreferred (accum.)-——
$7 preferred (accum.)
American Forging & Socket Co
American Gas & Electric Co., common (quar.)
61c
:
Bullock's
$1.50
ureferred (quar.)
B
2
flame of Company
5-
Building Products, Ltd. (quar.)__;
u.-. >
$i5c
Budd (Edward G.)
Mfg. Co., $5 preferred—
$1.25
Buell Die & Machine
(quar.).
2c
Bullock's Fund, Ltd
15C
CSopipnnP.C—.
American
Class
7-
O
Forge
Per
of Rec.
5-31
25c
Co., Inc.
Mills, Ltd.
Silk
Payable
$1.75,
_
$5 preferred (quar.)
Buckeye Pipe Line Co
class A
75
Payable
Mills
Holders
When
Shared
(quar.)
Brunswick-Balke-Collender Co.,
2
j.
l/16th of a share
or
Payable >n
class
7-
series of 1936 (accum.)
opt. div.
Inc.
Shoe
Bruck
$1.50
stock
class A
$5
Brooklyn Edison Co.,
& Lignt Corp.—
div. series of 1928 (accum.)
in cash or 1/16 of a share
B
rlass
tfi
6-
Per
Name of Company
i:'rf>
6-1
6-15
50c
••'■V,
of Reo.
class A opt.
Payable
nf
t
2265
Holders
6-15
ChlCle CO. «■■»"•'
w***
When
7%
pfd. (quar.)—
(quar.)
(quar.)
15c
6-11
5-28
25c
6-15
.-5-19
62 %C
6-15
5-19
common
Stores,
$2.50 preferred
common
(quar.)
5-19
(quar.)—
—
..
.
,
■<
■
•.
Corp., common (increased)
Stock div. (One share for each four hela)
$4 preferred (initial quar.)———-—*
Ford Motor Co. of Canada, Ltd., class A
B
Class
6-30
40c
25%
t
4%%
Corp.,
Motors
General
(quar.)
preferred
$5
—
preferred (accum.). Optional stock diviseries (44/1000th share of common
stock for each share held or cash)
General Steel Castings Corp.—
$6 preferred (accum.)
*
General Tire & Rubber Co., 4%% preferred
Harvester
Falls
Glen
(quar.)—
(quar.)
(quar.)
Goebel Brewing Co.
Goodall-Sanford, Inc.
Smelting & Power-
115c
35c
90c
Great
Great
Lakes
Indemnity
American
10c
15c
40c
$1.50
Y.)
(N,
Works
Engineering
Paper.
Northern
Great
10c
(initial quar.).
(California)
Shops
Grayson
(s-a)
Knight, $1.80 preferred
&
Graton
(increased)
Co.
pfd. (increased)
Griesedieck Western Brewery—
^ : ;
Great Northern Railway Co.,
preferred
5%%
:
34%c
75c
(quar.)
Hackensack Water Co.
Hajoca Corp.,
Hallnor
(s-a)
common
62%c,
—-
—
25c
(quar.)
Stores
Brothers
Hale
$1.50
75c
.'
—
t5e
$22y2c
Ltd.
(quar.)
Ltd. (quar.)
common (quar.)
6% preferred (quar.)
Hammermill Paper Co.
(quar.)
Hancock Oil (Cal.), Class A (quar.)
Mines,
Hamilton Cotton Co.,
Watch
Hamilton
$1.50
Extra
common
5-10
6-20
6- 9
5-17
;
8-1
7- 9
.
1
5-21
(quar.)
6%
5-11
Chemical
Harshaw
Common
4V2%
Co.,
pfd.
Commercial
Hawaiian
Hawaiian
Pineapple
Hazel-Atlas
5-30
5-26
-12
5-19
5-15
-15
5-15
&
Department Stores, Inc. (irregular).
Helena Rubenstein, Inc., common
Class A (quar.)
Heyden Chemical Corp., common (quar.)
4% preferred A (quar.)
4% preferred A (initial quar.)
Hibbard Spencer Bartlett & Co. (monthly)
Monthly
Monthly
Hilo Electric Light, common
Hearn
5-10
1
1
6-20
6-
8
6-
Kress
5-19
5-21
6-16
1
6-21
5-24
5-14
5-15
6-
1
5-10
6-
1
1
5-18
5
1
1
5-15
6-
1
5-15
JLamston
E.)
common
Co.
Machine
Co,
6
& Sons, Ltd.
(John A.)
5-24
5-25
5-11
Le Tourneau (R.
&
Co,
5-15*
6-15*
1
5-15
7-
2
6-15
6-
1
5-14
6-
1
5-14
6-
5-14
Leslie
6-19
7-27
7-17
(quar.)
Life
5
Liggett & Myers Tobacco,
5
Savers
Class
(quar.)
common
Lincoln National Life Insurance Co
25c
12-
1
11-21
7-
3
6-15
Lion
5-29
5-
(quar.)
$$5.25
40c
$1.06V4
35c
$1.12%
15c
45c
Lionel Corp. (auar;)
—
Liquid Carbonic Corp, common (quar.)
4V2% preferred A (quar.)
Little Miami RR. Co, special gtd. (quar.)
$4.30 original capital
Little Schuylkill Navigation RR. & Coal Co.—
(quar.)
18c
83/4C
3c
5%
$1.25
6-
90c
$2.25
2iy4c
6-
6-
1
5-10
$1.31 V4
$50c
7-
2
6-
10c
6-
Co., common (quar.)
(quar.)
Hoover Co., common (quar.)
4V2%
preferred (quar.)
Horn
(A.
C.)
Co. common
6%
partic. preferred
Participating
7% partic. preferred
Participating
Horn
&
Hardart
(N.
pfd. (quar.)—
Lighting & Power Co. (quar.)
Oil Co. of Texas. 5% pfd. (accum.)
Houston
Houston
Y.),
Howard Stores Corp.,
common
5V4%
preferred (quar.)
-Hudson Bay Mining & Smelting Co., Ltd.—
Hudson Motor Car Co. (quar.)
Humble Oil & Refining Co. (quar.)
Hunt Bros. Packing Co. of Delaware—
v
6%
preferred
37y2c
5%
-
(quar.)
5% preferred (quar.)
Hydraulic Press Manufacturing Co.—
6% cum. conv. preferred (quar.)
Power Co., common
Illinois
5%
Power
conv.
Zinc
Illinois
5%
Co.,
preferred
>
6-30
6-20
6-
1
5-15
6-
1
5-15
6-
1
5-15
6-
1
5-15
Loblaw
Groceterias
6-
1
5-15
Loblaw
Groceterias Co,
1
5-12
9
5-19
6-30
6-15
pfd.
1
1
5-11
$1.25
$1.25
$1.25
6-30
6-20
9-29
9-20
12-30
12-20
1
5-19
5-21
62y2c
6-
1
1
5-11
5-21
5-r
5%
7-21
4-20
t50c
(s-a)
6-
1
5-17
$50c
;
6-
1
5-17
6%
conv.
6y2%
6-30
5-15
12y2c
6-
1
5-10
$10c
Products,
preferred
Industrial Silica
common
(quar.)
Corp., 6V2%
preferred
Ingersoll-Rand Co.
Co
$25C
7-2
6-11
$7 preferred
6-11
5-10
5-31
5-21
Common
class B
6-
1
5-
1
5-
9
6-
1
5-
9
6-15
9-15
10-
1
7-
2
1
9-15
6- 5
5-
1
5
1
6-15
(P.)
Nashville
<5z
5-26
1
5-10
1
5-10
5-
1
8-
11-
1
7-26
6!/2%
6Va%
preferred
preferred
J
&
M
&
M
1
10-26
5-
5
5
National
5
6-
5-14
5-31
6-
1
8-
1
7-14
6-
9
5-25
•
•
5-15
6- 9
5-25
7-16
6-
8
6-
1
5-15
6-
1
5-
1*
6-
1
5-
1*
6-
_
1
(quar.)
5-31
6-30
9-10
9-
1
Master
7
Maui
$1.50
„
6-
1
5-
$1
6-
1
5-15
(s-a)
Mines, Ltd
& Co, common
registered
Co.
Transit
Co.
:
(reduced)
—
5-12
1
5-
4
6-
1
5-17
7-
2
6-
8
7-
2
6-
8
6-15
6-
2
6-13
5-
1
7-
2
6-21
10-
1
9-21
1-2-46.
$1.62%
$3
25c
7-
i.'
2
12-22
6-15
6-15
6-
1
2
1
9
5-24
6-20
6-
$5
25c
«...
.
$1.12%
New York
stock
Participating
—
10c
.
6- 1
$1-25
50c
50c
6- *
7-io
$1.75
$1.25
6" 1
5.10%
preferred
&
Noranda
Mines,
Railway Co.
/
share
One
for
$1.27%
$2.50
*S1 *
30c
$1.50
$1.50
Pacific
100
Gas
shares
&
held
Elec.
;
com.
preferred
5-15
5-15
North Pennsylvania RR.
6-
1
5-15
North River Insurance
6-
9
5-19
Northeastern
1
5-19
Northern
6-
1
5-18
RR.
Water,
States
5% preferred
Co, 7%
Power
preferred
(quar.)
Co.
$4
(quar.)
g
'
(s-a)
gl
'
•
—
■;
25c
(quar.)
prior preferred—
Co.
2
75c
717/eC
(quar.)
6-10
.
-----
(quar.)
6
North Carolina
>'
/
(subject to
approval of SEC)
preferred
p
0°
Co, common (stock div.)—
of
each
t
c
,
.
(quar.)
Ltd.
American
5-"
SI.50
$1-50
(quar.)
Western
6-ia
1
(s-a)
(quar.)
North American Car Corp, common (quar.)
$6 1st preferred A
(quar.)
$6 1st preferred B
(quar.)
North
..
(s-a)
stock
:
Co.—
New York State Electric & Gas Corp.—
Norfolk
6-15
6- 0
6- 1
7- 2
6" 9
Dock—
(quar.)
Shipbuilding Corp.—
Founders
6-
35c
(quar.)
Dry
&
6-1
50c
preferred
53/4 %
6-
Shipbuilding
New York & Queens Elec. Light & Power
Common
(quar.)
5-11
'
(final)
News
$5 convertible preferred (quar.)
New York Air Brake Co. (quar.)
New York Central RR. Co. (irreg.)
6%
Ltd.
Corp
Common
5-24
1
(Herman)
6-11
6- 1
6- 1
$1.50
$1.75
$1.25
25c
25c
$1-25
60c
$1
Power, 6% preferred (quar.)
preferred (quar.)
Neiman-Marcus Co, 5% preferred (quar.)
Neisner Bros, Inc. (quar.)
7%
8-15
6-21
6-1
40c
■
Nebraska
Newport
1
Agricultural Co
Maxson (W. L.) Co
National
Machinery
(quar.)
Co.
25c
$1.25
25c
15c
preferred (s-a)
New Jersey Zinc Co
5-18
6-
25c
(quar.)
Corp, common (quar.)
preferred (quar.)
Electric
Tea
6-20
6-
.$0.265625
Marconi Internat'l Marine Commun. Co,
4J/2%
Rubber
National
5-21
,
6-
Ordinary
Paper & Type, 5%
12-22
1-2-46
$1.62%
(quar.)
preferred
Masonite
National
Newberry (J. J.) Co, 5% preferred A (quar.)
Common (quar.)
20c
Co.
6- 1
7- 2
Co,
—
9-21
6-
1
Insurance
Corp
1
$1.62%
.
—
6-15
6-1
6-15
(quar.)
Service
30-
6-28
6-
Accident
&
Tenn.
Linen
Nelson
$4C
5-10
Life
Nashville,
1*
5-15
9
National
National
1*
5-15
1
(irreg.)
5-
88c
,
8- 1
15c
$1.12J/2
$1.75
133/4c
Corp.
Gypsum Co, $4.50 pfd. (quar.)
National Lead Co, 7% pid. A (quar.)
6-22
5-
6-
Electric
&
5-
5-28
6-
Welding Machine—
2c
Gas
1
5-25
30c
Electric
Quarterly
2
6-15
$1.62y2
National
6-
$1.50
(quar.)
(initial)
preferred (quar.)
new
(quar.)
Co.
(quar.)
7-
25c
Shirt
(Del.)
Corp.
National
6-21
%c
4(4%
(quar.)—
Container
Cylinder Gas Co, common (quar.)
4y4% preferred (quar.)
National Dairy Products (quar.)
6-15
25c
Mallory (P. R.)
preferred
5-
$1.75
& Sales
Gold
7%
National
2
25c
Consolidated
6- 1
9- 1
12-1
6-14
5-31
6-11
6- 8
6- 1
6-11
Fibres. Inc.—
preferred (quar.)
preferred (quar.)
6% convertible preferred (quar.)
National Biscuit' Co,
common
7-
$1.50
-
6V2%
6- 1
6- 1
5-23
I5c
15c
15c
30c
$1.75
20c
20c
$1.06
35c
(quar.)
convertible
1
Madison Square Garden Corp
Red Lake
50c
•
convertible
6%
6-
10c
(Mo.)
Lynchburg & Abingdon Telegraph Co. (s-a)_
Lyon Metal Products (quar.)
M
6%
5-21
12c
(accum.)
RR,
6-28
9-28
12-28
—
Chattanooga & St. Louis Ry
Co. (quar.)
:
Automotive
6-
6-11
1st preferred (quar.)
Lunkenheimer Co,
preferred
National
5-11
6-
$1
(quar.)
Ludlow Manufacturing
6V2%
1
6-
6-1
$2
Co, common
preferred
$1.50
$1.50
$1.50
J81V4C
$1
preferred
$2
'
Co.
6- I
6- 1
Acme
6-11
:
Taylor, 6%
Lorillard
7%
Lumber
6-1
6- 1
9- 1
12- 1
6-15
6- 1
50c
$1.50
$2
Co
6- 1
25c
$1.75
$1.75
$1.75
$2
75c
—:—
preferred
preferred
6%
National
5-19
,
1 '
25c
(quar.)
(quar.)
(quar.)
Nanaimo-Duncan Utilities, Ltd.—
6%
Nashville
6-15
6-
6%
6-1
of America—
Co.
7-14
$1
A common
Class
•
5-21
5-28
8-
•
(special)
(quar.)
Mutual Chemical
6-15
10-
6-4
6-11
5-28
6-15
(special)—
$7 preferred (quar.)
Muncie Water Works, 8% preferred (quar.)_
Murphy (G. C.) Co. (quar.)
Muskegon: Motor Specialties Co.—
$2 class A (quar.)
Muskogee Co, 6% preferred (quar.)
1
6-
lc
25c
13c
25c
6- 1
6-1
6-1
6-1
6-15
6- 8
6-30
Corp.—
$7 preferred (quar.)
A
$12 %c
preferred (quar.)
(monthly)
Gas
5-23
5-20
20c
(quar.)
$1.62%
„
pfd. (accum.)
(accum.)—
Inland Steel
6-14
class
t25c
(monthly)
Manhattan
Interim
Steel
6-15
6-
1
Incorporated
(quar.)-.
Mullins" Manufactured
Common
Madsen
Imperial Tobacco Co. of Canada, Ltd.—
Indiana
preferred
Mackintosh-Hemphill
(s-a)
shares
5-28
»2%C
(quar.)
(quar.)
$4
5-11
6-
Inc.
preferred
Long-Bell
4-25
6-
5
■
(quar.)
6- 1
6- 1
6- 1
6- 1
6-15
6-15
6-15
6-15
5-31
6- 9
6-12
6- 9
6- 1
$2.25
$2
t$l
tS1.75
J31V4c
(irregular)
Ltd. (interim)
Mountain Producers Corp. (s-a)
5-14
•
Co.
&
'
Mountain Mines Co,
5-14
Long Bell Lumber Co. (Md.)—
5-11
6-
11-
P.)
1
,
'
6-15
6- 1
Quarterly
Mountain Fuel Supply Co.
4
11-15
(J.
National
Ltd, CI. A (quar.)_
Pipe Co, 8%
Star
8-
$25c
Co.
8%
5-12
5-18
8-15
$1.10
,
8%
5-18
1
7- 2
6-15
Motor Wheel Corp.
6-21
1
50c
(quar.)_
Common
'25c
shares
B
2
6-
75c
Extra
Common
Ltd.—
Registered
Class
Lock Joint
7-
6-
7- l
Corp.
(quar.)
Mount Diablo Oil Mining & Development Co.—
4
6-
25c
,
5-17
6-
6-15
20c
;
Extra
5-11
37y2c
(quar.)—
(accum.)
Co
Imoerial Oil,
Semi-annual
1
5-15
Morgan
Motor Finance
$1.12%
—
6-11
1
40c
Imperial Chemical Industrial, Ltd.—
Ordinary shares (final)
Bearer
1
,6-11
Montreal Loan & Mortgage
4-30
50c
;
8
8
9
5-15
1
$1.62%
—
Inc
6-
6-
37'/2c
Co,
6-
Louisville
(quar.)
conv.
Match
Lord &
preferred
Idaho
5-
6-
15c
(quar.)
6-28
$1.75
$1.50
(quar.)
preferred
6%%
6-20
15c
.
preferred (quar.)
5%
1
6-11
50c
Lindsay Light & Chemical
Link Belt Co, common (quar.)
Lone
(quar.)
Huntington Water, 7% preferred
6%
preferred (quar.)
Huttig Sash & Door Co.—
4
5-15
30c
Quarterly
preferred
1
30c
Quarterly
8-21
Electrochemical
6-
1—
Chemical Co.
National
5-21
$4.25
5-15
—
1
Hooker
6-15
75c
—
—
(quar.)^_
$4.50 preferred A (s-a)
:——
$4.50 preferred B (s-a)
$4 preferred C (s-a)
Montreal Cottons, Ltd, common (quar.)
7% preferred (quar.)
25c
(quar.)
Corp.
—
Mills,
Monsanto
25c
(quar.)
B
preferred
Monarch Machine Tool Co.__
75c
5
9-
12-
;
(quar.)
common
6-23
$1.75
1
j
5%
50c
6-
9-15
Utilities Co,
5-10
6-
7- 1
$2
25c,
30c
(quar.)
preferred D (quar.)
7- 2
40c
Salt
12-15
4%
5-21
25C
9-
pfd. (accum.)
7-13
25c
6-
7%
8- 1
(quar.)
Co, Ltd.—
Inc
Molybdenum Corp. of America
50c
25c
Co., Ltd.,
Carpet
69c
25c
&
(Robert)
Mohawk
62 %c
class A
class A
Mitchell
6-15
62 %c
Lexington
5-15
5-11
7- 2
:10c
Leighton
5-15
1
5-19
6-1
ioc
Industries, Inc, 75c class A
Company (quar.)
Water, 7% preferred (quar.)
Libby-Owens-Ford Glass
1
5-15
.6-11
preferred C
4V4r/o
.
Missouri
25C
—
Common
6-29
1
5-18
120c
(quar.)__—
$2.50 preferred (quar.)
Lee (H. D.) Co, Inc. (quar.)
Lehigh Coal & Navigation (interim)
Lehigh Portland Cement Co, 4% preferred-
5-25
6-
5-15
$1.12%
$2.50 preferred
6-
5-15
6-12
$1
Common
2
5-11
5-25
5-31
$$4
(quar.)
G.), Inc, com.
1
50c
$2.25
preferred B (quar.)
$1.
common—.
5-25
5-25
4%
25c
preferred (quar.)
$4.50
Leath
5
Miller &
Minneapolis-Honeywell Regulator, common..
5-19
$1
(quar.)
1
6-15
4-30
25c
(C. W.) & Co, Ltd.—
preferred (accum.)
Lanston Monotype Machine Co
Laura Secord Candy Shops (quar.)
6- 8
$1
50c
25c
$1
$1.07
$1
25c
$1.25
f$l
50c
12y2c
50c
(quar.)
Hart $1 prior preferred
5-19
25c
Lindsay
6%%
6- 8
4c
5-20
6-
.
7- 2
$2
5-30
5-15
—.,
—
7- 2
50c
5-30
5-9
(quar.)
common
(quar.)
7-2
37'/2c
preferred
$4
25c
$1
Renfrew
4-30
10c
37V2c
$1
5-20
1
Bryant, Inc., common (quar.)
Special
-——
•Lane-Wells Co. (quar.)
—
Lanett Bleachery & Dye Works
7- 1
1
7- 2
Midwest Rubber Reclaiming Co.—
62%c
class A
Holt
6-21
20c
$1
(quar.)
2
7-
t5c
6-
A
5-10
6-1
—
Lang
6-15
5-25
6-
1
6-15
50c
$2
10c
preferred (quar.)
(M. H.) Inc. (quar.)
6-
25c
8%
$$1.75
(quar.)
6-
50c
Midwest
$30c
5-15
7-
5-10
6- 1
25c
$1.50
$1:50
$1.50
$1.75
25c
25c
preferred (quar.)—
preferred (quar.)^
Gil Co, common (s-a)
8%
preferred (s-a)
$1.25
5-31
6-
5-10
1
Ltd.—
Lane
6-11
2
1
6-
30c
(quar.)
Common
2
5-15
6-15
6-
6-15
20c
Inc
1
7-
5-25
50C
(quar.)
6-15
6-
1
7V2C
(s-a)
Extr^
Landis
5-15
7-
6-
5c
$2.50
5-15
6-
6- 2
$l.l83/4
preferred (accum.)___
Products, common
$1.75
(quar.)
preferred
6-30
$2
50c
Lakey Foundry & Machine (irreg.)
Lamaque Gold Mines, Ltd. (interim)
Lamson & Sessions Co., common
6-
1
„
6-15
1
7-
$1.50
Champagne,
&
preferred
7%
5-10
7-20
5
40c
(quar.).——.
(quar.)
Superior District Power,
Common
5-25
6-
Steel
12-
15c
Lake of the Woods Milling Co.,
6-15
1
Midland
5
12-15
25c
& Co., Inc.
(B.)
Wines
Salle
5%
5-15
1
1
Oil Corp,
5
5c
preferred (quar.)
2nd preferred (quar.)
Lake
5-17
1
6-
6-
Midland
69-
50c
Lake Shore Mines, Ltd.
6-
6-
8
6-15
9-15
10c
(s-a)
1st
Kuppenheimer
La
6-
5-
6-15
5-23
25c
(quar.)
(S.
7%
-1
1
5-31
2
5
4%%
$1.50
Kroger Grocery & Baking Co., common
6%
6-
1
7-
8c
common
(S. S.) Co. (quar.)
H.) & Company
Kresge
8
1
6-
5-
preferred (quar.)
Michigan Public Service Co, com. (quar.)__
6% preferred (quar.)
6% preferred series 1940 (quar.)
6% junior preferred (quar.)
7%
preferred (quar.)
Michigan Seamless Tube
Michigan Steel Tube Products
Mid-Continent Petroleum Corp. (irregular)—
6-
$1.50
Koering Company
6-21
6
6-15
7- 2
$1.25
—
preferred
60c
5-18
6-
Co.,
12
6- 1
6-11
25c
10c
Extra
5-25
6-15
"Creamery
Knudsen
8
6-15
6-
35c
$1.75-
(quar.)
4c
5-21
30c
(quar.)
Hobart Manufacturing Co., class
Holt (Henry) & Co., Inc.—
(Charles
4-27
"ioc
5-15
6-11
6-30
5-21
(quar.)
Fund
Knickerbocker
30c
Common
Hires
5-28
6 V2 % preierred A (quar.)__
Metal & Thermite Co, common
7% preferred (quar.)—
Meteor Motor Car (quar.)^—:
12V2C
(liquidating)
30c
Common
8-10
11-10
15c
Kinney (G. R.) Co., $5 prior pfd. (accum.).
Klein (D. Emil) & Co., Inc. (quar.)
1
6-
6-15
6-
50c
50c
$1.25
20c
50c
25c
25c
$1
$1
15c
15c
15c
30c
(quar.)
Sugar
Ltd
(quar.)
1
15C
Corp.
6-15
50c
—$1.62'/a
9-1
12-
$1.13
Mining
12-5
50c
12
6-5
9. 5
Merritt-Chapman &• Scott Corp.— '
15c
Participating
Kildun
12- 8
25c
25c
6-1
15c
com. (quar.)
each six held)
Kellogg Switchboard & Supply (irreg.)
5 %
preferred (quar.)
Kendall Co. $6 partic. pfd. A (quar.)
5-15
1
-15
s
9. 5
25c
5-10
—
(Stock div.) (one share for
6-12
2
5
30c
•„
6-15
5
.
3o0
—
6-1
$2.50
■
Kansas-Nebraska Natural Gas,
1
6-
-20
6-
Co.,
Co.
Glass
Merchants & Miners Transports Co. (quar.)
$1.50
1—
7-1
6-13
25c
37J/2c
(quar.)
$1.50 preferred (quar.)
6-1
6-1
5
•
Mercantile Stores Co, Inc, common—______
6-15
$3c
Sugar
7-15
Haverty Furniture Cos., Inc.—
Common
6-15
30C
(quar.)
$1.75
(quar.)_
(quar.)
6-15
'
;
5
1
7-2
30c
preferred (quar.)
preferred (quar.)5% 1st preferred (quar.)
5%. 1st preferred (quar.)
5% 1st preferred (quar.).
6%
8
6
Michigan Consolidated Gas Co.—
(quar.)
6-
Hathaway Bakeries, Inc.—
$7 convertible preferred (accum.)
7-16
300
(quar.)
preferred class A (s-a)
Common
6_
$1>50
62V2c
6%.
30C
1st preferred
Common
25c
$1.50
$1.12y2
25c
(quar.)
preferred
0- 1
5-15
$2.10
...
—
6-15
5
11
10
;
15c
5-15
5
S ?
fl" f
6. ?
$55>/2C
1
.
e
$1,371/2
(quar.)
$1.95
—
,• 11™
20c
$1.80
.—
*
433/4c
J75C
—
Plantation,———
Kalajnazoo Vegetable Parchment Co.—
Common (quar.)
Harbison-Walker Refractories Co.—
Common
Ltd.—
(quar.)
*
.2"
A R"3}
35(;
Co
6-30
6-
$1
—
—
5-21
6-
5-15
(&;;)!"
433/^
25c
25c
(resumed)
Mountain Mines Co., Ltd
Kahuku
5-15
6-
5-17
«,
433/4C
$5.50 preferred B (quar.)
$6 preferred A .(quar.) ,
Meadville Telephone, 5% preferred (s-a)___
Mercantile Acceptance Corp. of California—
6% preferred (quar.
5-15
6* 1
.■
Jamestown Telephone Corp.—
6-
1
6-1
6-
37V2C
Inc.-
Quarterly
Quarterly.
Island
5-29
6-15
6-20
$1.06 V*
(quar.)
5-15
$1
Publishing
Mclntyre Porcupine Mines
Mead Corp, common
5-15
6-i t
25C
—
common—
& Engineering
preferred
conv.
6-1
•150c
Iowa Southern Utilities Co.—
6% preferred arrear ctfs. (accum.)-,—^
6y2% preferred arrear ctfs. (accum. )__—
7% preferred arrear ctfs. (accum.)
Iron Fireman Mfg. Co. (quar.) ——
5-10
1
7-
J50C
.
25c
Co.,
A.)
5-14
6%
..
6-30
t40c
7%
McGraw-Hill
5-31
0/ Uec
61
-'V
preferred (quar.)
preferred (quar.)__—
7%
5.
5-
1
6-
$1.75
Intertype Corp. (quar.)
Investment Foundation,
1
6-
25c
".
(M.
5-15
50c
(quar.——
$4.25 preferred
1
25c
50c
25c
„
Class B
Hanna
15c
Co.,
Extra
Natural Gas Co.,
'
Griggs, Cooper & Co. (quar.)——
Grumann Aircraft Engineering Corp.—
Increased
Air
Interstate
5-25
50c
25c
Semi-annual
Union
Interstate
5-19
8-25
50c
$1.25
preferred (quar.)
Gorham Manufacturing Co. (quar.)
Gossard (H. W.) Co. (quar.)
Granby Consol. Mining
5-15
5-19
1
5-14
25c
30c
40c
5c
37 %c
5-29
—
Corp.,
1
5%
$5
Utilities
International
'
Goodyear Tire & Rubber Co., common
Grand
International Silver Co. (quar.)
6-15
$1.50
62 %c
$1.75
v
(New York)
International
6-30
6-12
$1.50
Corp
Insurance
5-21
;
Georgia RR. & Banking Co. (quar.)_„
Gerrard (S. A.) Co., preferred (s-a)
Corp
Products
1
6-
dend
5-22
r*—
(s-a)—:
shares
7-25
6%
$6
Gleaner
6- 8'
a 6-15
25c
Co., common—
General Shareholdings Corp.—
Outdoor Advertising
General
9
6-U
30c
—
6-
$1.25
75c
S1-*3
preferred (quar.)
Registered
5-26
(s-a)
shares
Bearer
6- 1
39°
common
5-31
6-
20c
5% pfd. A (s-a)
6% preferred B (s-a)
General Industries Co., 5%
6-15
6-
75C
13 Ac
^oc
25c
S1-'3
(quar.)
General Finance Corp.,
;
$tic
(quar.)
Inc., common
Co.,
Cigar
preferred
W7%
2
-
5UC
Corp.
General Bronze
General
5-15
7-
(v
6-
(quar.)—___
(quar.)
International Harvester, 7%
pfd. (quar.).«.
International NicKd Co. of Canada, Ltd
International Petroleum Co., Ltd.—
6- 1
«uo
preferred (quar.)
5-26
5-10
1
$1.50
Cigar Machinery
fi
93%c
May McEwan Kaiser Co. (increased).
McClatchy Newspapers, 7% pfd, (quar.)
8-
6-30
Machines Corp.
International
6-15
*5uc
America
Int'l Business
6-16
f;>°
37l/2c
w
50c
preferred (quar.)—Corp. (quar.)
conv.
General
6-
5-26
5-24
Brewing Co
*
Fort Pitt Bridge Works———
Foster Wheeler Corp., 6% prior pfd. (quar.)
Four-Twelve West 6th Street (year-end)—
Four Wheel Drive Auto, common
41st St. Building Corp
Fraser Co., Ltd. (quar.)
—
Freeport Sulphur Co. (quar.)
Fruehauf Trailer Co., common (quar.)
4-30
42V2C
: -
Solder
p^able
Sftare
May Department Stores Co, com. (initial) ^
$3.75 preferred (initial quar.)—
0.0375
Group Shares..^
Insurance
5
1
6-
50c
Shares
Aviation
6-15
i
General Bottlers, 55c conv.
5-21
6-16
J25C
Pitt
Fort
J
Institutional Securities, Ltd.—
6-15
8
6-
Name of Company
of Rec.
Payable
Share
Name of Company
of Rec.
Payable
Share
Food Machinery
Holdert
When
Per
.
Name of Company
M°nday, May 21,
ig45
CHRONICLE
& FINANCIAL
THE COMMERCIAL
'
^
9
9
^
$1
(Wisconsin)—
——
;
1
SL25
5-19
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4387
161
Volume
Per
Share
of Company
Name
When
Payable
Holders
Per
of Rec.
Name of
Public Service Co.
5-
serie!;:::::::::;;:t'./ |Jf
5
JSm TnduTtry"Series———.—
'
Series
cfnrk
i,
V:< 2Jc
6c
—i
-
Supply Industry Series————
Business Equip. Industry Series.——
Seal Industry Series—,—
Industry Series.—
irvfra ;
industry
..S
8c
5-25
5-25
5-25
5-
5
Reo
5-
5
Perkins Machine
125c
&
&
6-20
6-1
5-25
5-21
6- 1
6- 1
6- 1
6-20
6-20
10- 1
5-19
Rheem
6-20
7%
1st
7%
2nd
1
(quar.)
new
Water
Co.
Royalite Oil Co.,
5-12
5-
4 V2
6-
9
Saco-Lowell
St.
1
St.
5-
9-
(quar.)
Piper Aircraft
Corp.,
60c
conv.
Bessemer & Like Erie
(s-a)
preferred
&
Pittsburgh
Coke & Chemical $5 pfd.
Plate Glass-,—-
Lake
ittsburgh Steel
Erie
B
5-11
5-31
5-31
5-23
5-19
9-15
12-15
3-15
8-
4
11-
5
2-
5
pref.
(quar.)
5-
1
5-11
6-21
5-18
5-21
6-22
5-24
5-10
preferred (quar.)
".
proft Son-cum. partic. preferred (quar.)—
t od Company (quar.)
1
6-
1
5-23
5-15"
Inc.
B.),
Seaboard
Oil
10-
1
5-
4
5-31
57c
5 7c
preferred
Servel,
Inc.,
$4.50
5-17
5-24
6- 1
4-17
common
(quar.)—
(quar.)
(Frank
Pr«8,ed ^Ietals
(W. A.)
Corp.——__■_
Gordon
Sherritt.
Sherwin-Williams
7%
2
5-15
5-
1
(Canada),
com.
(interim)
x.
—
Signode Steei Strapping, new com. (initial)Simonds Saw & Steel Co. (increased)
Co.
Co. 6%
pfd. (initial
4,/27c
Smith
(A.
Aircraft
J J Preferred
(monthly)
¥ Preferred (monthly)——
55c
conv.
cum.
6%
Pulp
Co.
5-21
6- 1
6-15
5-21
20c
6- 1
5-15
6- 1
5-15
6- 1
5-15
6- 1
6-1
5-15
preferred (monthly)
5-18
5-18 "
Southern
Union
—
Sovereign
Investors
7%
9-30
9-20
6-
1
5-10
7-
1
6-15
6-15
6-
1
6-15
6-
1
6-
1
6-
5-21
1
4
6-
7-30
1
8%
6-30
United
U.
8-
Standard Oil
6-15
Extra
50c
58J/3c
58y3c
6- 1
7- 2
(quar.)
Co. of California (quar.)
Co. (Indiana) (quar.)__
Co. (New Jersey) (s-a) ——
Standard
Oil
Standard
Oil
Ohio, new com. (initial)-
5-15
Standard Oil Co. of
6-15
preferred (quar.)—
4 74%
preferred (quar.)—
Standard Stoker Co.—.—*
—•
5-18
5-24
5-31
5-15
,5-15
6-
1
7-
2
6-
1
7-
2
I
6-
1
:v
5-15
7- 2
;
6-15
6-15
1
5-15
6-15
7-
6-16
2
6-23
5-15
6-23
5-15
7-10
6-20
75c
•6-15
5-10
7-
2
7-
2
'6-
8-10
9-15
50c
$1.75
1
40c
-
40c
40c
5-18
5-31*
9-20
12-20
6-15
6-20
40c
6-15
>
,
i
8-31*
11-30*
;•
6-15
50c
7-
1
6-26
6-
7-
6-15
2
50c
6-15
50C
6-11
$2
6-11
$1
Co
Rubber
non-cumulative
States
Steel
1st
preferred
Corp.,
common
United
Wall
Paper
6-
5-31
5-15
Products
Co.
Utah
Radio
Utica
5%
Knitting Co., common
prior preferred (quar.)
5%
5-19
Van
5-19
$1
6-15
5-20
6-
1
5-15
6-
1
5-15
8-15
7-20
6-20
6-15
5-15
Iron
Co.
Vogt
8-15
5-10
35C
7-13
7-11
25c
6-
1
5-15
5-21
4-30
6-
1
5-25
6-
1
5-22
$1.37!/2
45c
$1.1272
6-
1
5-22
6-
9
6-15
6-12
5-19
6-
1
5-28
5-10
6-12
5-15
25C
6-15
$1
6-
1
>
$1.25
6-21
3772C
8-
1
6-
5-31
6-20
6272C
15-21
1
.16:
8
7-16
!'
5-15
preferred
(quar.)
$1.75
Waltham
Watch, 7%
preferred
preferred
preferred
(quar.)
(quar.)
Warren
9
10-10
6-11
5-10
40c
6-12
5-15
$1
6-15
5-15
t$l
6-15
5-11
t25c
6-15
5-11
$1.75
(quar.)
10-20
$200
(quar.)
Walgreen Co., common (quar.)
4%
preferred (quar.)Walker (H.) Gooderham & Worts, Ltd.—
Common
(quar.)
$1 preferred
(quar.)
Ltd.
7- 2
6-15
1
9-15
$1.75
1-2-46
12-15
50c
6-15
75C
6-
1
20c
6-
1
6-
1
$1.75
Mills
(Northam)
—
Co.^
Washington Ry. & Elec., 5% preferred (s-a)
Waukesha Motor Co. (quar.)
10-
5-
8
5-15
'
50c
x__
5-15
75c
-
7%
Waite Amulet Mines,
(S. D.) Co
6-12
1
1
7-10
Washington Railway & Electric
6-11
1
'5-15
6-
9-10
Warren
50C
1
•9-
6-
Warren
25C
-6-
12-
$1.50
•—
6-
5-15
9
15c
5-15
5-18
6-
9-10
12-10
$1.75
50C
6-15
1
: J5-18
$1.75
(quar.)
6-15
6-15
5-16
2
$1.75
(quar.)
Corp., $3 pfd. (quar.)
Petroleum Corp. (initial)
6-
1
6-
9-20
Wamsutta
50c
6-
8
7-20
7%
40c
5-24
6-
6-20
7%
5-15
6-21
12-22
$1.75
7-16
1
5-28
:
$1.50
7-16
6-
7
7- 2
(quar.)
1
1
6-
1-2-46
preferred
1
5-25
7-20
7%
8-
5
1
5-10
7-30
40C
'
Common
8-
6-
»
6-
1
75C
-
Vulcan
5-25
5-15
6-12
6-
50c
Manufacturing Corp
Detinning Co., common
5-15
9-15
:
2
627ac
Virginia Coal & Iron Co. (quar.)_
Virginia Electric & Power Co. $5 pfd. (quar.)
Virginian Railway (quar.)——
6%
preferred tquar.)
6-15
7-
62 7a c
;
Van
Raalte Co., Inc._
Vanadium-Alloys Steel
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
7% preferred (quar.)
7% preferred (quar.)
^
Chemical
1
10c
(quar.)
Works (quar.)
5-31
Vick
6-
$1.50
(quar.)
5-31
7-16
Dorn
5-22
62 V2C
prior preferred
5-19
5-26
1
25c
5-15
'
6-
(quar.)—
Upson Company
5-15
5-11
■
6-11
25c
5-25
5-21
9
7-16
(quar.)__
$2.50 pfd.
Laboratories,
5-21
'
40c
(quar.)
Universal
5-31
1
$1.25
prior pfd.
6%
Universal Insurance Co.
1
1
5-18
6-15
50c
(quar.)
6-
1
6-
50c
5-31
$9
$2.50
5-15
'
5-18
5-31
5-15
1
5-15
6-
5-31
$1-25
5%
5-18
1
227ac
—
Sugar, $5 preferred (quar.)
6.4% preferred A (quar.)
1
40c
Dredging $1.60 pfd.
'
6- 9
6272C
5-15
Standard Cap & Seal Corp.—
(quar.)
6-
50c
1
6-
$1.3772
Brands, Inc., common
preferred (quar.)
(s-a)
Co
6-
36 4(5
,
30c
$1.12y2
1
$2.50
(quar.)
pfd. (accum.)
class A
35c
50c
$1.25
$1.06 U
6-
,5-15
:
15%
S.
1
IOC
preferred (quar.)
5-15
5-31
$1.25
—
(final)
preferred—;
States
10c
Standard
Standard
(quar.)___
(ord. reg.)
Common
United
5-31
6-12
xn
5-21
5-31
50c
Jersey RR. & Canal Co.
conv.
$1.25
—.
5-21
1
272%
Potash
$1.25
(quar.)
(quar.)
5-15
6-
Printing & Lithograph Cc.—
6%
6-30
$2Qc
(quar.)
(quar.)
5-10
1
50c
Co., common
(quar.)
U. S. Hoffman Machinery (irreg.)
U. S. Pipe & Foundry
(quar.)
Quarterly
:
Quarterly
U. S. Playing Card Co. (quar.).-
7-20
$$1.50
(quar.)
1
6-
6-15
5873c
preferred
6-15
8-15
,i/C
6-
& Manufacturers—
non-cumulative
S.
5-15
53c
Casualty, 45c conv. preferred
4% non-cumulative class A
U. S.
6-19
1
53c
United States Gypsum
U.
6-14
6-
587ac
—
S.
7%
5-31
1
2
25c
Molasses Co., Ltd.
United New
4%
V
7-
6-30
-
6-11
6-
31 Ac
preferred
preferred
preferred
preferred
6-15
25c
Bonus
8
50c
3772c
Quarterly
conv.
United Merchants
8-10
11-10
(Del.)—
(monthly)
(monthly)6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred (monthly)
6% prior preferred (monthly)
7-10
5-21
8-15
11-15
$1.25
United Public Utilities Corp., $3
6-30
1
25c
25c
—
prior preferred
6-
6-
5-19
><
J50C
prior preferred
7%
5-31
1
$50c
:
1
3
6-
277ac
x—
Cos
(initial)
6-20
7-28
5-19
25c
(quar.)_
6-
6-30
5-19
1
$1.25
(quar.)
America, com. (quar.)_
Coal
6-30
50c
$1-50
$1.75
(quar.)
Spencer Kellogg & Sons., Inc. (quar.)
Spiegel, Inc., $4.50 preferred (quar.)
Squibb (E. R.) & Sons (common (quar.)
$5 preferred A (quar.)
$4.25 preferred B (quar.)
Standard Accident Insurance Co. (Detroit—
$1.60
Common
of
6-15
7-
1
$1.127a
—
pfd. (quar.)
—
50c
(quar.)
Co
Gas
Spear & Co., $5.50 ist
$5.50 2nd preferred
$4.50
6-15
6-
Spartan Mills
5-15
i
Light & Railways Co.
$1.50
Southwestern Public Service, common
1
5-15
United
15c
Southwestern Life Insur. Co. (Dallas)
6-1
7- 2
6- 1
7- 2
__
1
30c
Southern/ Railway Co.
$1.75
t25c
5-22
6-
75c
6- 1
6-20
6-11
Canada Power Co., Ltd.—
$1.37Mi
5-15
Electric
13%c
(quar.).
(quar.)
(quar.)
non-cumulative
6-20
preferred
United
15c
(quar.)
non-cumulative
5-22
5%
1
U.
5-12
•
6-
50c
Ltd., Class A
5-
5-15
common.
(quar.)
partic. preferred
Corp.,
1
California Water Co.—
preferred
preferred
conv.
6-
15c
(quar.)
pfd.
conv.
United Biscuit Co.
1
preferred (quar.)
6%
preferred (quar.)
7% preferred (quar.)
Southern California Edison—
preferred B
5%
Products, Inc. com.
preferred (quar.)
5-15
25c
25c
50c
t25c
ctfs
Greyhound Lines, Inc., com.—
Advance Bag & Paper Co., Inc.—
6%
Lines, Inc., 472%
Amusement
5%
"6- 1
50c
Aircraft
1
50c
25c
—
(quar.)
6-
5-
Southeastern
5%
Co.
Car
Class B
5-14
common
preferred A
(quar.)
South Bend Lathe Works
6%
Air
United
5-18
50C
5-10
1
5-25
5
$1.75
(quar.)—_
Co.
6-11
5-15
5-25
6-15
6-
$1.50
(quar.)
Corporation
5-26
^
5-14
5-10
25c
Tank
United
•
5873c
—
Quarterly
572%
5-28
>
1
6-
r
United
6-
15c
$6 preferred
Co.,
5-26
1
7-21
50c
(monthly)
(monthly)
United
8-
'10-22
41%c
(monthly)
pfd.
United Aircraft Corp.,
5-15
i
1
(s-a)
Co.( 5%
Edison
5-26
5-15*
preferred
Southern
Brewing Co.
5-26
$$1.50
Common
6-15
i-x-
Union
5-23
1-
Co
5%
50c
Underwood
Manufacturing
6-30
6- 1
--
5-11
5-25
Corp.—
(increased quar.)
Solar
6c
_
1<
6-15
Common
5-14
6-
quar.)— t$1.12V2
(final) v
5%
preferred' (quar.)
Solar
5%
.
Troy & Greenbush RR. Association (s-a)
208 South La Salle Street Corp. (quar.)
5-21
Co. partic.
Paper Mills,
(Howard 1
Smith
5-18*
$1.50*
5-25
6-
Corp
O.)
6-11
412/3c
41%c
9
6-15
Sivyer Steel Castings Co
.Sixth & Broadway Bldg.
___
(monthly)
(monthly)preferred (monthly)
5-10
6-
Singer Mfg. Co., Ltd. (ordinary reg.)
6- 1
7-14
(accum.)
pfd.
Service Co. of Colorado—
5-25
6-11
—
Ltd.,
Simpson's
25c
J5c
$1.25
I* preferred
JJ Preferred
6%
Trinity Universal Insurance
$30c
50c
Ltd. (quar.)
Sigma Mines, Ltd. (interim)
Signal Oil & Gas, class A
9-15
6-15
Trane
5-15
5-23
(quar.)
preferred
5-15
5-
5-15
1
5-11
1
1
35c
6-25
1
>
68-
50c
1
6-
7
5-11
11-
10c
Co._.
1
6-
$1.0674
50c
6%
preferred
Wellington Fire
—
Engineering Co
1
7-
1
t$1.75
7-14
6-30
Wesson Oil & Snowdrift Co.,
$4
convertible
preferred
10c
—
Wentworth Manufacturing Co.—
5-10
7-
5c
Wellman
6-30
1
7- 2
50c
(s-a) —
Insurance Co._x
25C
$1.50
Wayne Knitting Mills common
7-14
6-
/
5-11
<
62MiC
(quar.)
preferred
Bearing
1
6-28
Breweries,
Simmons
Roller
6-
$1.25
$15c
f$1.75
t25c
1
1
6-15
7-
t2c
$1.25
6-
6-29
10c
6-
5-15
Ltd
—
5% pfd. AAA (quar.)_
5-28
6-
common—
convertible
$1.40
5-17
Deposit receipts (quar.)
Sicks
Roofing Co.,
preferred
5-15
; 4-30
6-15
1
preferred
5-25
1
1
7%
6-15
6-
5-15
6-
5-15
5-25
(quar.)
11-15
6-
1
10c
Corp.
1
20c
6-
4-19
8-15
12-
25c
6%
5-25
1
1
(quar.)
5-12
J22c
50c
6-
(irregular)—
Oil
6-25
(quar.)
Mines,
Sherwin-Williams Co.,
5-18
6-15
Tivoli
Associated
1
6-
4-28
5-11
3
9-
$2.50
(?-a)
Welding
Electric
1
1
5-11
7-
62 V2 c
6-
12-15
5-21
6-
—
7-
6-21
(quar.)
Pen
Manufacturing
x__
of America, Inc.-.
Pr„
0n East Dome Mines (qUar.)
{ Jert.& Gamble Co., 5%preferred—
Timken
25c
Extra
Sheller
7- 2
6- 1
5-19
(increased)
Co.
Water Power Co.
Shawinigan
Sheaffer
G.)
$1.25
75c
'
5-15
$1.12V2
(quar.)
6-15
6- 1
70c
(quar.)
(quar.)
1
6-11
25c
Shattuck
Southern
7-16
6-1
6- 1
6-
25c
$1.25
$1.25
25c*
(quar.)
preferred
common
preferred
Southern
7'/2%
15c
10c
7-16
Tilo
12-31
5-15
5-15
1
25C
(quar.)
$10c
15c
(quar.)___.
of Delaware
Co.
Seagrave Corp.,
Soundview
7-16
t$1.50
J75c
$2
5-15
Co.—
(quar.)
Scythes & Co., Ltd. (initial)
5-19
5-17
$1-50
1
preferred
Water
1.222
75c
$1.25
Investment
International
$1.37'/2
x
6-
$5
0.993
(accum.)
Class B
Co.—
6'; 1st
odential Investing
P, b!C Flectric Light
Public
(R.
preference
$19c
preferred
37!/2c
—
.
(quar.)
(quar.)
entice-Hall Co.,
$5
75c
(quar.)_
Power Corp. of
Canada, Ltd.—
p
5-21
7-
$2
(reduced)
_
otash Co. of America
Potomac Electric Power
5V2% preferred
preferred
5-21
Co.
30c
RR.
5y2%
Co., class
preferred
'
5-21
6- 1
10- 1
6- 1
$1.50
6-15
1
5-21
'•
$1.75
(quar.)
pfd.
$1.50
(quar.)
partipating freference
Selmer
5-21
6- 1
75c
$1.50
Tide
6-30
6-
25c
$2.50 pr. pref. (quar.)
1.146
Canadian
4%
5-15
30c
5-21
Thomson
9-15
75c
1
50C
(s-a)—
25c
5-11*
-
prior pfd. (accum.)—
Pittsburgh Youngstown & Ashtabula—
7k
preferred
(quar.)_
Placer
Development, Ltd. (interim)
Poor &
A
8
Gas
Second
2
Co.—
RR.
._^_x
.__
(s-a)
Pittsburgh
class
5-
5-16
$1
pfd. (quar.)
(quar.)
9-15
75c
Seattle
4-25
6%
Pitney-Bowes Postage Meter Co.
Pittsburgh
4-25
Oil
&
1.069
preferred
Sears, Roebuck & Co.
5-11*
1-
:
6-15
1
(s-a)
* 5-15
%
6-
35c
Works, 7%
Coal
prior
1
(quar.)___
8%
6- .1
X5c
$2.25
preferred
5-18
3772 c
5-25
50c
3772C
pfd._
■'I
50c
15c
6V2V0
5-28
'
10c
t$1.50
preferred (quar.)
5-19
.
Thermatomic Carbon Co.—
Toledo
preferred
772 7c
1
30c
Pinchin, Johnson & Co.—
Ordinary registered (final)
Common
Shops
:i
25c
Water
:
.
•/, ■/'
5-10
6-15
J3c
.•
1
(quar.)
%
5-25
6-15
10c
———
$50c
Francisco Remedial Loan Assn.
77c
6- 1
•
6-15
i
5c
pfd. (quar.)_—
$2.25
Savannah Electric & Power Co.,
5-23
6- 1
.x—
1
j-;
1,
5-12
3772c
•.
(accum.)
Incorporated,
7-
(s-a)
(s-a)
Steel
&
Co
Extra
Textron
10-
Semi-annual
5-19
5-23
20c
40c
$1
(increased quar.)
7-
*•
5-10
25c
50c
Ltd.
Joseph Lead Co
Joseph Water, 6'/c
San
5-19
5-28
6- 1
6- 1
7-14
6- 1
6- 1
6-30
6- 8
5-21
6- 1
6- 9
6- 8
6- 1
10-22
6- 1
6-30
5-23
25c
$2
Extra
Pittsburgh
Iron
5-4
5-11
50c
50c
$5c
6-15
6-15
-
1
:J.
Pacific
10-
(quar.)
Paper Co., Ltd.,
5-10
5-15
-
6-30
25c
5-17
«*
50c
Haute
$1.75
(quar.)
Corp.
preferred
Rustless
6-15
-_
Texas
$1.75
6% pfd. (quar.)
Roxy Theatre, Inc. $1.50 pfd. (quar.)
Russell-Miller Milling 4 V2 % pfd. (s-a)
5
6-
7o
Rolland
4
7-1
(interim)
Terre
6-11
Russell-Miller Milling Co.—•
5-12
6- 1
(quar.)
6-11
$1.25
4-26
6-29
5-25
6- 1
6- 1
6- 1
6- 1
5-31
6-15
6-15
6- 1
6- 1
common
6-11
2
7-2
$1.75
pfd. D (quar.)_
6-
(quar.)„™™.--;
preferred
Tennessee Corp.
7-
5-17
1
«
1
Co.,
1st
7- 2
$1.75
,,
(quar.)
Elec,., 6%
preferred E
Aircraft
7%
<
6-
Teck-Hughes Gold Mines, Ltd
Telephone Bond & Share Co.—
$2.50
(quar.)
57c
Co.—
preferred
&
7-16
5-15
,1
$1.6272
—
Corp., 6%
:
$1.50
—
Common
25c
(quar.)
preferred
preferred
Rohr
50c
50c
37(/2c
35c
25c
$1.37V2
r $15c
|$1
$$1.75
25c
$1.50
;
(quar.)
preferred
6-15
5-15
common
5
25c
5-28
20c
(quar.)_
2nd
Rochester Gas
5-12
$1.50
pfd.
7%
6-
Manufacturing Co., common (quar.)_
7%
6-
50c
$1.10
$1.75
$1
$1.50
$1.75
15c
50c
25c
$1.50
6-25
7-16
1
6-22
*
Common
$1.50
Rice-Stix Dry Goods Co.—
7%
1st
preferred (quar.)
6-1
50c
10- 1
50c
1-2-46
50c
4-1-46
35c
8-15
35c
11-15
35c 2-15-46
8
1
6-
♦
»:t
Sylvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common___
8
1
1
25c
6-
8-
2
7-
5-31
Extra
6-
8-
5-
vi<
5-31
Ltd. (quar.)_—__
Sylvania Industrial Corp. (quar.)—
$1.50
(quar.)
:i
preferred
2
common.
(quar.)
Oil
International
7- 2
15c
5-19
15c
Suburban Transport'n Co.
Mills
Common
*
6-15
preferred
5-22
7-
15c
Republic Steel Corp.,
6-15
6-20
30c
:
prior preferred A
Reynolds Spring Co.
5-25
6- 1
(quar.)
;
Co.,
Corp.
preferred
Pillsbury
7
6—15
6- 1
B
6-29
Swift
$1.1272
$1.12V2
(quar.)
7-1
7- 1
__
Gear,
Pickle Crow Gold Mines
S3
(quar.)
50c
common—
Philadelphia Transportation Co.—
Participating preferred (s-a)
Phillips Petroleum Co. (quar.)
6''
6-15
25c
__
(quar.)
Philadelphia Suburban
S1.50
pfd. A
pfd.
$1.50
_
1
common
Petfibone Mulliken Corp
Pfaudler Co. 6% preferred
8%
7- 3
6- 1
25c
2nd
3772C
6%
25c
Permutit Company
Philadelphia
1
6%
tl5c
$$1.25
Pennsylvania Coal & Coke Corp
Pennsylvania Electric, 4.40% pfd. B (quar.)
Pennsylvania State Water. 7% pfd. (auar.)_
Peoples Gas Light & Coke Co. (quar.)—
Peoples Water & Gas Co. $6 pfd. (quar.)—
$4
6-1
6-30
t$1.75
25c
(quar.)
Phelps-Dodge
11-
7- 2
7- 2
6-11
10c
37J/2C
(quar.)
(quar.)
(Charles)
1
6%
7%c
:
A
Inc.
12-
5
,
(quar.)
A
Peter Paul,
$40c
5
$1
(accum.)
Co
class
5-24
1
6%
$1.50
50c
25c
$3
Gold.
class
6-14
1
6-11
40c
43%c
Co., common.;
$1.40
5-15
8-
5-10
15c
!
$1.40
1
5-
6-11
20c
$1.50
J25c
(quar.)
A
6-
Oil Co.
(quar.)
Sunray Oil Corp
Superior Tool & Die
1
2
2
1
1
7768-
$1.62/2
87»/2c
(quar.)
class
Sun
1
1
5-25
37V2c
$1.25
$1.50
$1.75
$1.121/a
(quar.)
Common
1
9-
35c
preferred
Common
1
4%
1
1272C
—
6-
6-
5-
(quar.)„.
9-
$40c
5-
Corp.
.i
Swan-Finch
1
1272C
Furniture
6-
50C
2
6-
$1
Stokely Van Camp, Inc. 5% pfd. (quar.)
Stonega Coke & Coal Co. (quar.)__.
7
5-
25c
(s-a)
5-
6-1
25C
Corp.
6-15
772C
5-15*
5-21
25C
6-15
$40c
5-25
12-15
"
6-
50c
(quar.)
9-15
preferred
Motors, Inc
9-15
12-29
75C
37 72C
preferred
5-25
5-25
1
6-15
9-29
$1.25
3772C
non-cum.
13c
(quar.)
x—
& Manufacturing-.
Wilcox
&
1
Republic Investors Fund—
Marine
Stow
6-
non-cum.
5-25
$1.25
;
(initial)
Extra
$1.60
7c
5c
Series...
Ltd
Peninsular Telephone Co.,
Common (quar.)
6-15
1
$1.60
5-25
6-
6-30
■j
Strawbridge & Clothier—
/v
6% prior preferred (quar.)_-_____
Stromberg-Carlson Co., 67a% pfd. (quar.)__
Sullivan Machinery Co.______—__—:
10c
5
——
Inc.
4-19
(quar.)
5
(quar.)
Co.
5-25
2V2C
5-
Dredging, Ltd
Paton Manufacturing Co., Ltd. com. (guar.)
7% preferred (quar.)..
/
Patterson-Sargent Co. (quar.)_
Peabody Coal Co., 6% preferred (accum.)—
6.%
5
preferred
5-31
$25C
Rapid Electrotype Co. common (quar.)__
Common (quar.)
Raytheon Mfg. Co., 6% preferred (quar.)__
Reading Co., 4% 1st preferred (quar.)
Regent Knitting Mills, Ltd.—
"J
preferred (quar.)
Aircraft,
Consolidated
Pfizer
5-
,
5-
6-15
(quar.)_
5-
7% preferred (s-a)
Parkersburg Rig & Reel Co.,
$5.50 preferred
(quar.)
$1.40
8%
5
5
i
6-14
...x_
Storkline
5-31
25c
,
5
common
Parker Rust Proof
Peck,
5
5-
common
1
Bros,
Extra
$1.50
5
Pacific Lumber Co
Pato
55-
(Pittsburgh),
40c
_
(quar.)____
5-
(quar.)
Pictures
5-15
Rand's
5
Light Heat & Power, Ltd.—
Pen
6-
_
(quar.)
5-
o-xo
Co"4V2 %
Paramount
8
5-25
6% preferred (quar.)
Parker
6-
5c
—
$5
7- 2
———
prior preference (quar.)_____
Okonite Co., 6% preferred
Oliver Corporation (initial)
Ontario Manufacturing Co. (irregular)
Ontario & Quebec Ry. (s-a)
Oshkosh B'Gosh, Inc., common (quar.))
Paper,
$1.50
~~
Series..——
$1.75
Oxford
8
(quar.)
(quar.)
$1.60 non-cum. preferred (quar.)
Reliance Electric & Engineering Co
Remington Rand, Inc., common (quar.)
$4.50 preferred (quar.)
——
preferred
6-
5
I Ohio Seamless TUbe Co., common
5%
2
5
gxtra
Outboard
7-
5-
Co
Common
$1.25
__
5-
Northland Greyhound Lines, Inc.—
$6.50 preferred (quar.)
——
NorWalk Tire & Rubber Co., 7% pfd. (quar.)
Norwich Pharmacol Co._i
Nova Scotia Light & Power Co., Ltd.—
6% preferred (quar.)
Nu-Enamel Corp. (quar.)
...
Ogilvie Flour Mills Co., Ltd., comhaon (quar.)
7% preferred iquar.)
*
&
5-15
5-25
5-25
Eancorporation
Car
6-15
8c
10c
common (initial)
preferred (initial) (s-a)
Northwestern Public Service, 8% pfd. (quar.)
7% preferred (quar.)
—
—----
Ottawa
25c
___
\of Rec,
"
(irreg.)
5
$2 50
Ottawa
Stewart-Warner
5
Series———l
$1.50 preferred
Stern
5-31
5-
industry Series
Otis Elevator Co.,
5-31
6-30
5-
Northwestern Leather,
I
5-
^c
-
Sterling Drug, Inc.
6-30
$1.75
Quaker State Oil Refining Corp.
Quebec Power Co. (quar.)
5
(quar.)
$1.25
5-25
Ra^lioad IsquipT Industry
Ohio Power
5-
(quar.)
preferred
Service Elec. & Gas $5 pfd. (quar.)—
5-25
-—*■—
Oil
5
preferred
5%
5-15
preferred (quar.)
Purity Bakeries Corp. (quar.)
Quaker Oats Co., 6% preferred
5
5-
5%
5-15
6-15
'
$1
$1.25
(quar.)_
6-15
6%
5
5-
5-15
preferred
6-15
4<=
Extra
Ohio
5.
5%
$2
.
,
Irregular
:
Stecher-Traung Lithograph Corp.—
5-15
50c
6=
Railroad Series
Mnrthivest
5
5-15
$1.75
;
preferred (quar.)
Pure Oil Co., common
5% preferred (quar.)
5
1
6-15
" _~
7%
5
6-
$1.25
Payable
Standard Wholesale Phosphate & Acid Works—
$1.25
_
preferred (quar.)
preferred (quar.)
Public
5
Share
5-15
Jersey—
(quar.)
-
I—-
'Extra
7%
Name of Company
1
Holders
When
Per
of Rec.
6-
6% preferred (monthly)
8%
Holders
Payable
25c
(quar.)_
com.
-
——-
Utility Industry
Tobafcco
5-25
7c
10c
*
Series—-—;—
Steel Industry
5-25
0-^0
—
—
-
-
Extra
Public
5-
5-25
—__x__
Series..
-------------
Industry
nil
5-
^-25
Series————
Stock
WriM
tJxtra
I
5-25
<5C
Industry Series——
Metcbandislng Series
5-
5-
8c
;
V
5-,5
5-25
5c
_
Machinery
5
6c
■——~
insurance
5
5-25
Investment Fund"--~"":
Electric ®quip.
•pood
5-25
5-25
$5 preferred
5
11c
,
nivprsified"Speculative Shares (initial)—
i
555-
-
5c
Building
Sfverssified
rj
5
When
Share
Indiana,
5% preferred (quar.)
Public Service Co. of New
5
5-
|
5-
Company
of
2267
—
127aC
6-
1
6-15
;
6-15
8-15
8-11
6-
1
5-16
6-
1
5-16
5-31
5-19
1
5-15
Inc.—
(quar.)—
7*1
6-
-
*
When
Per
Virginia
West
1.
5-21
t20c
——
6-
1
5-21
Pacific RR., common
6-
2
6-12
6-
2
75c
(quar.)—,—
—
8-15
8-
11-15
11-
1
>'
8-15
$1.25
preferred A (quar.)—
$1.25
preferred A (quar.)——:
$1.25
5% preferred A (quar.)
—-;25c
Westinghouse Air Brake Co
__
—
v;.V:S: $1
Westinghouse Electric & Mfg., common
1
$1
7% participating preferred—.—________
40c
Weston Electrical Instrument Corp. (reduced)
,t$l-12%
Weston (George 1, Ltd. 4Vi% pfd. (quar.)
35c
Westvaco Chlorine Products Corp. (quar.)__
5%
1
8- 1
2-15-46 2-
75c
6-15
5-
5-29
Whitaker
Ltd.
Wilsil,
5-11
6-11
5-31
1
6-
2
7-
+25c
6-30
5-15
f$2.50
12-30
11-15
$1.50
8-
1
7-16
$1
8-
1
7-16
$1.50
11-
1
10-15
$1
__
11-
Extra
Common
Inc
Industries,
Woodward
25c
6-
6
7
5-
6-
1
4-20
—
(quar.)
& Co., Inc
Blyth
3
&
Weeks
&
Hornblower
Inc
Worthington Pump & Machinery, common..
37V2C
6-20
6-
1
Paine, Webber, Jeckson & Curtis
preferred (quar.)
—
4%.% conv. prior preferred (quar.)
Wrigley (Wm.), Jr., Co., common
.——
Wright-Hargreaves Mines, Ltd._____
Young (L. A.) Spring & Wire (quar.)___
Youngstown Steel Car Corp—
—_
;
Youngstown Sheet & Tube Co., common
5Va% preferred (quar.)
—
$i.i2ya
$1.12%
6-15
6-
1
Van
6-15
6-
1
prior
6-
t5c
1
5-19
7-
50C
3
5-25
6-29
6-18
50c
6-15
5-19
Income
tax deductible at the source.
7%. a Less British income tax.
in Canadian funds,
15%; resident tax,
tPayable
tax,
for
Provision
Gross
Other
adm.
doubtful
for
2,423,023
6,000
275,304
income
267,580
$1,410,773
39,374
—
consolidated
Oct.
General Corporation and
Investment News
assemblies.
Some
1,
Interest
for
Prov.
96,487
235,393
and
income
thereof will
be
and
completed between that date and July 1, 1946.
Underwriters—The
163,255
Smith, Barney
of
names
the
and the percentage of
to purchase are as fol.ows:
underwriters
•531,000
*525,000
489,668
$380,626
87,830
$346,500
91,858
$336,892
96,972
330,000
292,404
190,555
Shields
& Co
Percentage
Merrill,
11.0829
Co——_—__
&
'
Percentage
11.0830
McDonald & Co._
profits
excess
are
and
date
246,036
343,255
..
charges
these assemblies
of
subsidiaries
1945,
that
$1,235,853
152,911
deductions
Income
$1,450,148
field
on
hand on April 1, 1945, will be filled
that the balance thereof will be completed be¬
July 1, 1946; also, that approximately $29,900,000
of the unfilled orders of Thompson Aircraft Products Co. on hand at
April 1, 1945, will be filled by Oct. 1, 1945, and that the balance
tween
$1,190,623
45,230
$1,161,025
income
few
a
and heavier than any other products heretofore
this subsidiary, and require difficult forging, welding
the shares which each has agreed severally
Total
for
general
one
its
249,617
$1,125,985
35,040
.
profit
except
same
larger
by
24,640
:
it, but,
within the
year.
To fulfill these and bther anticipated orders
will require approximately $8,000,000 of additional
equipment.
All of such equipment is expected to be
leased from Defense Plant Corp. or from a lessee of Defense Plant
Corp.
:.v''■'-r1 ■".•'.'■''TV:'-. '■
Unfilled orders of
the company and
its consolidated subsidiaries
exclusive of those from jobbers and others for automotive replacement
use,
were
approximately $36,150,000 at April 1, 1945, and approxi¬
mately $38,000,000 at April 1, 1944.
Unfilled orders of Thompson
Aircraft Products Co. as at such respective dates were approximately
$66,000,000 and $51,600,000.
On the basis of its present experience
and
the existing
production schedules, the company estimates that
approximately $29,100,000 of the unfilled orders of the company and
1,948.109
6,000
exps
accounts—
depreciation—
Non¬
-
and
general
Provision
by
are
subsidiary
machinery and
$8,883,607
5,470,617
2,479,777
sales
of
Selling,
non-residents' tax.
tPayable in U. S. funds, less 15% Canadian
resident
Cost
for this dividend.
not closed
books
•Transfer
:
Jamaica income tax.
Less 30%
,jx
products
this
1942
1943
1944
$12,094,029 $12,305,947
8,206,962
8,198,570
—J
new
stator
compressor
approximately
31
Ended Dec.
Statement, Years
Net sales
these
grinding and machining operations.
The alloys used for some critical
parts of these assemblies are of the heat-resisting types and require
specialized
metallurgical knowledge and manufacturing skill.
This
subsidiary has on hand orders for approximately $35,000,000 of these
components, the production of which is scheduled over a period of
19,533
—
and
considerably
'
,
—_______:—______
Blyth & Co., Inc.—.
9
6-
1
7-
$1.37%
Underwriter
of
items,
blies
150,000
——
——
———
Stock
6-
15c
.
Co
&
Putnam
1
6-15
■
.
Noel & Co._^_.______-___--^_-----------
Alstyne,
not
manufactured by
300,000
300,000
250,000
Whiting, Weeks & Stubbs
4V2%
jobber*
Thompson Aircraft Products Co. is now manufacturing, pursuant to
from certain customers and to their specifications, components
jet propulsion and gas turbine aircraft engines consisting of nozzle
diaphragm assemblies, turbine wheel and shaft assemblies and blades
therefor.
This
subsidiary has received orders for and 'will manu¬
facture two additional components, namely: compressor rotor assem¬
300,000
——;——
______
__.
in
'
for
300,000
.
cities
orders
$700,000
-
Co.,
&
other
principally to
previously manufactured.
While the transition has required
large additions of facilities, it has not involved any material con¬
version of machinery.
Co.--700,000
■
Bitting, Jones
26
those
as
„
„
manufactured
previously
products
ordnance
v
and the amount
of the bond underwriters
in
\
and resells,
parts and accessories, including
bearings, spring shackles, valve springs and bushings.
Com
pany
estimates that in 1944 approximately 6% of its gross dollar
sales constituted products purchased for resale.
At the present time the major portion of the products of the com
pany is sold for use in the war program of the United States
In the
transition from peacetime to war business the company added certain
1, 1945.
follows:
facilities
,
engine
:
are as
and Canada.
States
Company purchases from others
and
distributors,
other automotive
options
names
each
warehouse
from
and
O.,
Toledo,
United
truck, marine, airplane,
wool yarn, carpet,
bus,
car,
products including
products.
outstanding
are
ended April
12 months
Estabrook
V
,
textile
underwritten by
5-21
6-
40c
______
;
passenger
cotton textile
Underwriters—The
1
3%
reg.
(s-a)
(F. W.) Co.
pref.
Woolworth
6-
.
& Co., Ltd.—
W.)
(F.
(quar,)_
Co.
Governor
Woolworth
5-26
6-15
the
10-15
6-15
15c
—.
(s-a)
Bankshares Corp.
1
25C
Extra'.
Wisconsin
6%.
5-15
t$2.50
5% non-cum. pfd
5% non-cum preferred
—
Winsted Hosiery Co., common (quar.)
Winnipeg Electric Co.
Woodall
6-19
1
6-
20C
<
(quar.)
5-10
2
6-1
$1.50
(quar.)
Products
Willson
1
7-
75c
Manufacturing Co. (irreg.)
Williamsport Water, $6 preferred (quar.)—
Wilkes-Barre Lace
5-15
6-
$1.25
(quar.)
Paper
5-29
1
.
i'
for the purchase at any
time on or before April 16, 1948, at $8 per share, of a total of 24,250
shares of common stock of the company.
Of the foregoing, an option
for the purchase of 12,000 shares is held by F. E. Schluter of Prince¬
ton, N. J., President, and an option to purchase 12,250 shares is heia
by Thermoid Managers' Group, Inc., of Trenton, N. J.
The rights rep¬
resented by such options afe transferable by the holders thereot.
Sub¬
stantially all of the outstanding shares of stock of Thermoid Managers
Group, Inc., are owned by persons who are officers or employees ot
the company or one of its subsidiaries, or are held in one of the com¬
pany's profit sharing trusts.
As of April 1, 1945, Thermoid Managers
Group, Inc., owned 710 shares of convertible preferred stock and 20,003
shares of common stock of the company, having acquired in the open
market a total of 40 shares of convertible preferred stock and having
sold in the open market a total of 2,200 shares of common stock within
8
6-11
6-
for
and
and
Options—There
.
,
and
use;
textile
asbestos
8
5-
.<
5-29
industry,
and
2- 1
5-15
2-15-46
industrial
field
1
11-
11-15
5%
parts are manufactured for replacement use only.
Parts sold fnr
replacement use in the automotive field are supplied to more than
3,000 wholesale outlets for serving a large number of makes and tvue*
of
automobiles,
trucks, busses and tractors.
Such distribution i*
effected
from
principal warehouses
maintained in Cleveland and
of
in Charlotte, N.- C.
\
subsidiaries are engaged in the manufacture.and sale
of various types of automotive friction and rubber products, tiara tudber and plastic products for automobile, marine, airplane and ln°^"
trial use; hard rubber pipe, fixtures, and utensils used in a wide vari¬
ety of industries; hard rubber and asphalt battery boxes; soft rubber
molded goods; rubber and friction material products used in .the ou
1
75c
j.
(quar.)
sold for use in
Company and
5-17
.6- 1
25c
factured by the company is
plant
company's
the
4
6-
6-14'v,
25c
_
(quar.)
Common
6-12
75c
•
.
Common
:
50c
——
Auto Supply
Western
6-
Ltd.—
Coal & Coke
Co. (quar.)
Western
Payable
t5c
Share
Company
Name of
Canadian Hydro-Electric Corp.,
Class B
(s-a)
—
80c cum. partic. preferred (quar.)
West Indies Sugar Corp. (s-a)
West
C., and in the plants
in Trenton, N. J., and
Co.
portion, in dollar volume of sales, of the products mam,
of moving parts subject to wear which a™
original equipment and for replacement use.
A numha?.
The major
of its subsidiaries Joseph
Joseph Stokes Rubber Co.,
Ltd., at Welland, Ont.
In addition, the company s subsidiary. Ther¬
moid of California, Inc., has recently acquired a plant in Los Angeies,
Calif, .Company also maintains Southern Asbestos Co., a subsidiary, as
a
sales company for the sale of asbestos products manufactured
Rubber
Stokes
of Rec.
N.
Charlotte,
and
Holders
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
Turben & Co.—
2.0000
Maynard H. Murch & Co.
8.8333
2.0000
Otis
\
2.0000
&
Co
Clark, Dodge & Co
2.1667
Reynolds & Co
Eastman, Dillon & Co.__
2.1667
Riter
Hemphill, Noyes & Co.—
2.1667
Tucker,
Weeks—
2.1667
G.
2.0000
"
(Continued from page 2228)
Offered — Mention was
issue of May 14 of the offering of $3,000,000
Thermoid
Co.
made in our
Securities
—
first mortgage bonds
3V4%
at 101% and interest and
preferred stock $2.50 cumula¬
share by Blyth & Co., Inc., and
19,533 shares convertible
par) at $55 per
tive ($50
Net
associates. Further details follow:
Bonds
dated
are
April 15,
of
as
Interest
1960.
due April 15,
1945;
payable April 15 and Oct. 15 in New York at principal office of Guar¬
anty Trust Co. of New York, trustee.
Redeemable, on at least 30
days' notice, for the sinking fund or at the option of the company as
a
whole or in part at any time, in each case with accrued interest,
at 105 on or before April 15, 1950, at 104 on or before April 15, 1953,
at 103 on or before April 15, 1956, at 102 on or before April 15, 1958,
and at 101 thereafter and prior to maturity.
Reimbursement for Mass¬
achusetts income tax not exceeding 6%
of interest on bonds and for
convertible preferred stock is entitled
The
dends
February,
quarterly
and
1, 1949, of four shares of common stock
each share of convertible preferred stock and on or after Sept. 1,
at
1949,
rate
prior to Sept.
initial
an
stock
common
three-fourths
which
Aug.
each
share
the number of shares of
convertible preferred stock
of
of
1949.
31,
First
dividends
Common
deducting
•After
in
Hornblower
W.
Balance
Sheet,
and
in banks
1944
31,
Dec.
total, $9,396,145.
vN
"V
.
.
J
3V4% to be due April 15, I960—.___
convertible preferred stock—
$2.50 cumulative, $50 par value..
in¬
$3,000,000
..
stock
Common
which
•Of
(par
$1)__
„
shares
20,000
are
50.000 shs.
600,000 shs.
55,000 shs.
*975,000 shs.
for conversion
reserved
of convertible
preferred stock and 24,250 shares are reserved for exercise of options,
expiring in 1948, granted to certain officers and employees.
of
issuance and
shares
of convertible
preferred stock now offered, and gives effect to the
amendment of the articles of incorporation by the stockholders at a
special meeting held on April 25, 1945, whereby the convertible pre¬
ferred stock, $3 cumulative ($10 par), was reclassified into convertible
The
sale
above
the
of
statement
preferred stock,
tal stock
capitalization
first
mortgage
$2.50 cumulative ($50 par),
increased
was
convertible
nated
3'A %
$3,000,000
to
1,030,000
preferred/ stock
'
stock.
the
reflects
and
bonds
and the
shares of which
and 975,000
19,533
authorized capi¬
55,000
are
designated
are
desig¬
common
Mention
Purpose—The net proceeds (estimated at $3,924,400), will be used as
first
2.1667
House
Clark
bonds due Oct. 15, 1958 (redeem, at
106 and int.) which will require approximately--^...
Textile
which
;
is
owned
Textile, in
v.
2Vi%
the
company),
of
consisting
Trust Co. of
held
of
on
capital
stock
$2,567,402
bv
Textile,
note
of
a
New
Commercial
*
National
Bank
&
made in
shares
these
of
45,000
Chas. W. Scranton & Co.
2.0000
Yarnall & Co
The
$600,000
of
demand
notes
of
Textile
were
issued
to
the
the
2,
banks
1945,
California,
Inc.,
at $100
per
share, and $S8,000 of such proceeds
were
by Textile to Thermoid of California, Inc., in order to provide
the latter with working capital.
This loan is evidenced by the demand
loaned
note
of
Textile.
of California, Inc., dated Feb. 5, 1945
pavable to
$506,222 of the proceeds received by Thermoid of California
Thermoid
sale of its stock and from such loan were used bv it
to acquire certain operating properties in Los Angeles, Calif
including
lands, buildings, equipment, inventory and certain patents'
and the
balance of such proceeds was added to working capital.
Inc.,
from
the
Company—Thermoid Co. was incorporated in Delaware Jan
28
1929.
It
engages
in the manufacture and sale of various rubber'
plastic, asbestos, textile and friction products- for industrial
auto'
motive
and aeronautical
uses.
The manufacturing activities'of the
company are carried on in the plants of the company in Trenton
^ J
31
5,642,581
Cr6,210
admin,
6,898
19,451
$8,7i6,827
769,386
65,701,099
sold
and general
exps—
accounts, less
recoveries
Other
$58,611,795
46,340,955
3,534,562
64.028,810
4,615,349
$9,064,931 $10,042,810
products
Gross
1942
1943
$80,402,401 $78,693,867
sales
of
profit-
income
1,034,365
1,098,342
our
Income
and
Prov.
value
for
tax,
inc.
and
237,200
445,000
6,928,400
474,100
435,373
5,241,653
460,500
for
Crl9,046
400,000
Crll5,175
494,791
Cr8,417
710,474
$2,089,388
- 225,000
$2,304,148
16,250
127,629
447,153
$2,051,417
surtax,
prof, tax
exc.
profits
excess
Adjustments
Further
income
declared
^Dominion
$9,436,214
595,214
501,000
deductions
normal
tFederal
545,912
$10,163,274 $11,077,176
Federal
Stock Offered—
issue of May 14 of the offer¬
1,113,732
income
5,841,000
tax.
exc.
prof, taxes
prior years—
general
offered
being
are
the
by
In
company
Balance,
ex¬
—
contingencies.
surplus—
Dividends
Dividends
on
Dividends
on
underwriters.
•After
payable quarterly March,
Redeemable, all or part, at any
time on at least 30 days'
notice at following prices per share plus
dividends: on or before June
15, 1948, $110; thereafter and on or
cumulative from May
Dividends,
June,
September
before June
and
15,
and
December
1951,
$107
15, 1945,
$109; thereafter and
thereafter.
with
15.
on
or
redeemable
Also
notice for retirement fund at $107 per
the
of
before June
at
on
least
company
dated Feb, 24,
1941,
stock
and
and
Thompson
of
85
being
cents,
1943
credit
on
the
5%
Net
Regulation V loans
4%
cum.
pfd. stock
The business
$100)—____
None
range
60,000 shs.
361,697 shs.
subsidiaries—Toledo
Steel
Products
(Canada)
Ltd.
,The
valves
of the
company
is the manufacture and sale of
parts
for
marine
and
industrial
engines;
a
Statement, Three Months
Employ, retirement plan
income
principal
products
various
types,
and,
pumps,
and
$18,700,796 $12,45 7,00/
—
17,791,151
14,979,755
10,094,b&*
$1,742,781
$3,714,550
$3,721,041
$2,362,355
317,493
227,848
39,181-
$4,032,043
38,749
71,917
$3,948,889
$2,401,536
24,663
30,073
60,962
125,000
16o.<^
'
—
6,219
—
—
*
"*
36,736
excess
.
,
1,542,762
3,212,935
3,438,975
$515,638
profits tax. etc
$577,223
...
.ns
l,6b4,«®
$448,952
Aircraft
Net
profit
_
dividends
Preferred
and
Common
at
:
dividends
Surplus
include intake aqd exjiaust 7 Earnk.
fuel booster pumps,' tie* rods,
links, valve seat inserts, hydraulic couplings, pistons, piston
pins, water pumps, cylinder sleeves and hardened and ground precision
parts.
Many of the company's products require the processing of
high alloy steels involving special forging, welding and heat treating
precision grinding, and exacting inspection.
1943
Reserve for loss Thomp-
and
manufactured
fuel
31
Ended March
Products Co.)
1944
contingencies-
Prov. for doubtful accts.
Fed.
$107,900 in
$2,049,872
exchange
for
Prov.
1942,
in
wide
relatively small amount of ordnance items.
drag
processes,
$73,000
307,091
.
son
engines;
of
of
18,147,007
Devel., int., royalties, etc.
and
of engine and other parts for automobiles, trucks, tractors
military equipment; parts and accessories for aircraft
present, a
refund
expenses
income
Foreign
60,000 shs.
500,000 shs.
motorized
aircraft
1944.
$19,989,788 $21,505,701
sales,
depreciation
Total
Business—Company was incorporated in Ohio on June
Steel Products Co.
Company's subsidiaries, all wholly
owned, are Thompson Aircraft Products Co., Toledo Steel Products Co.,
and
Thompson Products, Ltd.
Thompson Products, Ltd., has two
owned
Topco Ltd.
Income
Other income
as
wholly
postwar
$180,000 in 1943 and $643,000 in
refund of $219,961 in 1942,
postwar
in 1944.
Prof. aft. exps. & depr.
$9,000,000
(par
(no par)__
of
and
and
1916,
for
$6,000 in
sales
Cost
Outstanding
refund in connection
refunds (included
unconsolidated subsidiary
1944, $345,449.
1942,
in
and
1945
amount paid on account of the
preferred stock.
The exchange offer
Authorized
History
and
and $46,800
Consolidated
Capitalization (Adjusted to Give Effect to Present Financing)
17,
$360,000
retirement;
to
the
-
443,235
and
allowances,
and
Aircraft Products Co.
(Excluding Thompson Aircraft
dividend
stock
599,474
1943, $535,456;
of
debt
fAfter
provide additional
to
to
for
1943
the $900,000
stock
discounts, returns
$589,000 in
share, plus dividends.
preferred
common
tAfter credit
1944
days'
preferred
conv.
1942, $1,865,512;
15, 1955,
30
preferred
$5
renegotiation and estimated provisions for such
sales
are
5%
on
working capital.
Common
in connection with loans made by them to Textile
$500,000 of the moneys so borrowed were applied to the purchase of
all of the outstanding 5,000 shares of common stock of Thermoid of
Feb.
Income Statement, Years Ended Dec.
Provision for doubtful
expired May 15, 1945, at 3:00 o'clock p.m. (EWT).
in
1.1667
1.1667
1.1667
1.1667
Hopwood
2.0000
Stroud & Co., Inc
outstanding 5% cumulative preferred stock.
The remaining 15,000
shares and the unexchanged shares will be purchased by the several
Trust
quire the carrying of increased receivables and inventories
post-war period.
■
Jaffray &
2.0000
Selling,
its
accrued
York, which will require approximately..
600 625
The balance, estimated at $756,373, will be added to working capital
to provide for anticipated expansions of sales which
might re¬
Ohio Company
2.0000
Miller & Co
change, share for share, with a certain cash adjustment, to holders of
adjustment
by the
$300,000 note held by
York and a $300,000
Co._
1.1667
1.1667
______
Piper,
&
&
Newbold's Son
H.
Co.
1944
the holders of its outstanding
45,000 shares of 5% preferred stock the right to exchange each share
of
such
stock
for
one
share
of
4%
preferred stock, plus a cash
of
demand
2.0000
(Company and Consolidated Subsidiaries)
Co.—Preferred
Exchange Offer—Company offered
guaranteed
; W.
2.1667'
Co.—
details follow:
notes
of
Co.—
Co._.
Milwaukee
2.0000
Cost
Barney & Co., McDonald & Co. and associates.
of New
Co.
(3)
notes
and
Guaranty
note
by
(all
amt. sufficient to pay $600,000 outstg.
an
demand
company
Co.
&
&
1.1667
1.1667
1.1667
Inc.
The
Moore, Leonard & Lynch
The
(2) To provide company with funds which will be loaned to
Thermoid
.
:
2.0000
•Gross
present/ly outstanding shares of 5%
mortgage
&
Consolidated
Purpose—The purpose is to effect the retirement of all of the 45,000
To redeem, on or about June 15, 1945, $2,406,000 414 %
2.1^67
Co.—
&
Laurence M. Marks & Co.
ing at $107 per share and dividend of 60,000 shares of
4% cumulative preferred stock (par $100) by Smith,
$108;
-follows:
1.1667
Clark
W.
2152.
p.
Products
was
1.1667
2.1667
Total
Thompson
&
Hawley, Shepard
has called for redemption on June 15, next, all of its
bonds due Oct. 15, 1958, at 106 and
will be made at the Guaranty Trust Co., 140
Broadway, New York, N. Y.
Holders may,
at their option, surrender their bonds at any time
and
receive
the
full
redemption
price,
plus accrued
interest to
Outstanding
Authorized
$3,500,000
1.1667
Co.—
Co.—___
Witter
Hayden,
Payment
161,
1.1667
Janney & Co.—_____
company
1945—V.
2.0000
Bonbright
B.
E.
The First Cleveland Corp,
outstanding first mortgage 4(4%
15,
D.
J. M. Dain & Co.—----H.
L.
Emerson
&
Co.,
Jackson
Field, Richards & Co._—
•
2.0000
Co._.
2.1667
Beane—
Co
Curtiss,
&
2.1667
&
Webber,
Fahey,
Walker
H.
Co.
&
& Co.—.
Dean
To Redeem W\°!o Bonds—
The
Pierce,
Curtis
&
2.0000
Anthony
George
White, Weld &
wages,
for Federal and State taxes on in¬
come
and tax contingencies, $1,407,962; 4V4%
first mortgage bonds,
due Oct. 15, 1958, $2,416,000; indebtedness to subsidiaries consolidated,
$419,283;
convertible preferred stock (par $10), $308,670;
common
stock
(par $1), $600,000;
capital surplus, $2,326,988; earned surplus,
$572,332; total, $9,396,145.-
interest.
Lynch,
Spencer Trask
provision
$588,922;
etc.,
2.1667
&
& Co
44Ball, Burge & Kraus
2.1667
Fenner
payable—trade, $755,984; accrued taxes,
Liabilities—Accounts
interest,
Co—__
Paine,
hand, $344,770;
on
E. Hutton
Merrill
U. S. Treasury tax
notes, series C—at cost, $250,000; notes and accounts receivable (net),
$1,016,223; inventories, $2,504,035; investment in and advances to sub¬
sidiaries
consolidated,
$1,622,308; miscellaneous investment and ad¬
vances,
$158,160; property, plant and equipment (after reserve for
depreciation, • including reserve for amortization of emergency facili¬
ties,of $65,715, $2,837,529), $3,334,098; prepaid expenses and deferred
charges, $166,548; goodwill, patents, trade-marks and processes, $1;
Assets—Cash
&
Kidder, Peabody & Co.—
;
refund of $37,000 in 1944 and $36,000
:X- /V':yW
post-war
1943.
June
mortgage bonds—
(1)
dividends
Preferred
Capitalization, Giving Effect to Present Financing
^
..
on
of
rate
into
convertible
was
'
and November.
At any time prior
redemption thereof the
entitld to convert their
non-assessable shares of common stock at
August
May,
full-paid
into
initial
for
:
to receive cumulative divi¬
from May 1, 1945, payable
day next preceding the date of
the convertible preferred stock are
of
holders
accruing
year
per
fifth
shares
an
$2.50
of
rate
at
the
mills per
each dollar of taxable value of the bonds.
on
annum
to
personal property tax to the extent of 5
Pennsylvania
any
income
per
•Deficit!.
J,
com.
share—
56,250
89,934
$369,454
$1.27
33,319
73,872
«1/745
$341,761
$1-41
*$5k3H
56,250
74,934
$446,039
$1.74
14''
„
_
5
-
Consolidated Balance
Sheet, March 31,
(Exclusive of Thompson Aircraft
Assets—Cash,
Products Co.)
$5,633,873; notes and accounts
'$6,857,395; inventories, $9,320,242;
1944
receivable—trade (ne »
assets, * •
Investments and other
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4387
161
yolume
property, plant and equipment (after reserve for depreciation
amortization), $5,536,514; patents and licenses (at cost, less
deferred charges (sundry deferred charges
RiQfi52nrt
Consolidated Income Statement, 3 Months Ended
March 31
1945
Amortization), $197,260;
total, $30,653,491.
prepaid expenses), $588,555;
and
'
Sales
Costs
;,;x
iabilities—Accounts
payable—trade,
payrolls and miscellaneous
$397,340 payable to unconsolidated subsidiary), $2,981,676;
accrued taxes (other than taxes on income) and sundry items, $2,202,oRiestimated liability for Federal and Canadian taxes on income
and' renegotiation refunds (after U. S. Treasury notes—tax series
Purchased and held for payment of Federal taxes on income, $5,341,rvu
82 656,557; promissory notes payable to banks (maturing in two
annual installments
of $450,000, 1949-1950), $900,000; reserves for
ppneral contingencies, $1,605,265;
workmen's compensation and other
insurance
reserves, $195,539); 5%
cumulative preferred stock (par
4'inni
$4 500,000; common stock (361,697 shares, no par), $5,956,270;
(net)
and. selling
1944
1943
shares
share
$65,879,067 $58,321,947 $40,926,141 $36,988,606
49,019,807
42,357,936
30,282,533
24,626,494
exps.
will
of
Profit
Other
income
and
admin.
Ordinary
Int.,
amort,
debt
Prov.
of
&
for
123,491
time
205,027
4,527,541
depletion-—
war
3,915,550
Guarantee & Trust Co., N. Y.—New Director—
Title
Amort,
Beinecke, President and director of John O. Paige & Co.,
York, N. Y., Vice-President and Secretary of the Sperry &
Hutchinson Co. and director of the George A. Fuller Co., the GrahamPaige Motors Corp., Sperry Realty Co. and Hens and Kelly of Buffalo,
N
Y. has been elected a member of the board of Title Guarantee &
Trust Co.—V. 161, p. 316,
Walter
,
tax-
invest,
of
inc.
dry
hole
Rentals
*4,194,400
Timken Roller
Quarter Ended
Net
1943
$1,348,049 $1,579,513
share
$0.52
$0.56
$0.65
♦Subject to final renegotiation and includes 294,300 post-war credit
and is after 962,900 for Federal taxes and $2,943,000 excess profits tax
and $367,000 for contingencies.
tOn 2,421,380 shares in 1944 and 2,419,380 shares in 1943.—V. 161, P. 1922.
per common
•(Earnings
fered—Mention was made in our issue of May 14 of the
offering of the unexchanged portion of 300,000 shares of
$3.75 cumulative preferred stock (no par) at $105 per
Kuhn, Loeb & Co. and Lehman Brothers. Fur¬
ther details follow:
share by
offered for exchange to holders of its $4.50 cum. conv.
preferred stock (no par) 300,000 shares of $3.75 cumulative preferred
stock. A total of 172,398 shares are issuable pursuant to such exchange
offer which expired May 7, 1945, and the remaining 127,602 shares
of unexchanged stock were purchased by the several underwriters.
Company
Purpose—Company intends to apply the net proceeds from the sale
of shares of the new preferred stock, together with other funds from
the treasury, to redeem on or about July 1, 1945, at $105 per share
and accrued dividends such of the 500,000 shares of its $4.50 preferred
then remain outstanding.
stock as shall
1944
for
Sales,
1943
'(■■■':
etc.,
rev.
oper.
(net)
---
etc.
taxes,
Interest
&
funded
Other
33,956,000
816,000 "
682,000
deprec.,
stock
for
36,255,000
852,000
902,000
income
52,000
63,000
55,000
17,234,000
16,457,000
Profit
Net
"Net
562,500
1,275,644
956,313
1,593,708
$1,775,054
$1,168,435
$0.33
$0.41
Earnings
$0.47
$2,601,946
(net)
does
in
2,500,000
1,750,000
4 1,250,000
their shares into
for
include
10,384,000
8,959,000
4,488,000
10,846,000
16,436,000
(net).
303,000
Cr235,000
Cr249,000
3,190,000
shown
17,484,000
after
are
values
of
17,036,000
13,246,000
11,095,000
deducting provisions for possible
$2,000,000
de¬
$1,350,000 in 1942,
tOther charges (net) included
in
1941,
stock
issues
and
1926.
Illinois, Indiana
and Pennsylvania; crude oil refineries; natural gaso¬
oil and gasoline pipelines; and marketing outlets through¬
out
most of the United
States,
Atlantic and West Coast States.
1936,
chiefly
England,
the New
,''1"
in
•
the percentage
unexchanged stock which each has agreed to purchase, are as
of
names
the
and
underwriters,
follows;
'
Percent.
Co
Blair
Inc.__
<L
Bradford
C,
Alex.
Brown
&
Lee
1.00
Inc._
Higginson
McDonald
tAfter
Moore, Leonard & Lynch-
-
.33
-
r
Morgan Stanley & Co.—
Sons_____
.50
F.
H. M.
Byllesbv & Co., Inc.
.40
Newhard,
Central Republic
Co.,
.40
Pacific
Clark,
E.
Inc.
Co._____
Dodge &
W.
Clark
Dil.on,
Read
Dommick
&
&
Co.
.50
&. Co.,
Inc.-
5.33
Dominick—
above.—V.
Co.
Riter
Co.
&
Co.——--
&
Co.—
Schoellkopf,
.33
T
.
Rothschild
F.
L.
:
r
Equitable Securities
Corp.—' ".50 "
Co.—*
Moseley & Co
S.
Reynolds
r:
1.00
&
Co.—
&
$6Vo
The
share.
a
19.—V.
161, p.
3.33
Shields
Corp..
.33
& Co.—
Goldman, Sachs & Co.__
craham, Parsons & Co.—
1.25*
Singer, Deane & Scribner
2.00
Smith,
of
Michigan
^lore, Forgan
waiif-arten
Harriman
&
Co
Ripley
&
&
Co
•
Stone
•
last
*ne
E.
Hutton
Illinois
&
1
59,000
80,000
$211,451
in
$59,000
of
given
make
1945
and
$80,000
in
no
160,
2795.
p.
Improvement
Co.
Stockholders
—
Vote
the
of
voted oveiwhelmingly May 7 at their
proposals aimed at liquidation of the
and
company
against
two
The vote on the first resolution was 73,746 shares for
against liquidation.
The tally on the second resolution
W.
was
Bodine,
SEC
has
approved
Approved—
the refunding program proposed
by the cor¬
will sell $3,750,000 promissory notes
a payment of
$500,000 from its subsidiary, Dakota Public Service Co., in reduction
of
the latter's debt to its parent.
United will apply the proceeds, 4
together with other funds, to redeem $4,174,700 of its outstanding
bonds, consisting of series A 8% and series B 5J/a% collateral trust
bonds, due Jan. 1, 1960, at the redemption price of 103.—V. 161,
p. 2153.
2Vz
the
Under
bearing 2%
plan
United
interest to Bankers Trust Co. and will receive
Upited States Plywood Corp.—New Unit—
1944
warehouse
965,269
of
The
Nil
adjustments
airport
corporation
the
in
Van Norman
establishment
the
announces
company's
Co.—Earnings—
12 Weeks Ended—
prop¬
Net
Fed.
*On
income
Mar.
tax_
17th
V-
'.■■ ■
".
24,'45 Mar. 25,'44 Mar. 27,'43 Mar/28', '43
$73,475
$78,634
$193,847
$123,810
$0.31
share
per
$0.33
$0.81
$0.51
on
stock
common
'
plywood
new
a
This is the
prof, after all chgs.
♦Earnings
161, p. 1923.
of
Baltimore, Md.
161, p. 2153.
chain.—V.
con¬
,
$3,000,000—
a
240,000
shares.—V.
160,
2655.
p.
v
Co...
Co.—
-
Period End. Jan. 31—
Operating
Operation
7,500 shares of
on
of
to
will
cumulative
June
on
centralized
save
than
more
Pocatello
and
announced
The
track
early in
control
hours
three
Glenns
exer¬
880,301
666,318
8,833,769
6,806,182
241,889
3,675,116
2,691,663
$6,288,827
entire
for
25
shares
to
sell
preferred
the
of
stock
161.
south
central
added.—V.
division,
1.00
Securs.
H.
Walker
G.
Wertheim
■
under
now
company's
Idaho,
William
♦Reduction
use
income
Whiting,
The
.33
.50
&
Co
-
•
Dean
—
:
Weeks & Stubbs
Wisconsin
-
Witter
&
Co.——
Co
.
;;
233,185
156,796
2,569,059
1,898,783
$346,359
$5,415,769
$4,477',22i
in
Federal
i
97,512
__
_
•'
i
■
'
44,250
584,268
56,525
$390,603
$6,000,037
$4,533,752
:
;
between
runs
Jeffers,
from
center
a
telegraphers
where
at
shortage
a
Pocatello
for
and
assignment
of
these
requirements—--
surplus
1,350,841
1,171,602
$4,649,196
—
——————
$3,362,150
,
..
President,
'
''
.
Virginian Ry.—To Redeem 1st Lien 3%s—
than $2,000,000, will increase
It will control movements
more
dividend
♦Resulting from amortization of facilities allowable as emergency
facilities under the Internal Revenue Code,
which facilities are ex¬
pected to be employed throughout their normal life and not to replace
existing facilities.—V. 161, p. 2154.
••;
,
will
All
will
on
release
the
workers
the
outstanding
A, due March
1945,
9,
at
106
1,
1st
1966,
lien
ref.
and
have been
mortgage
called
334%
bonds,
for redemption on
July
and interest.
Payment will be mad# at the City Bank
Farmers Trust Co., corporate trustee, 22 William St., New York, N. Y.
Holders and owners of the bonds may obtain the full redemption
price and accrued interest to the redemption date at any time upon
presentation and surrender of said bonds.—V. 161, pp. 2043, U924
road's
exists,
of
series
he
161, p. 2153.
and
President of the United States Chamber of Commerce,
a director.
He succeeds Sumner Sewall, who recently
President of American Export Airlines.
1705.
•
-Mx'
■
'v
'-...'.x•
Waltham Watch Co.—Debentures Offered—An under¬
Transport Develop¬
writing group headed by Union Securities Corp. on May
15 offered the unexchanged portion of $3,881,040 con¬
'■ ;v;V;.
corporation on May 17 announced that, while it is continuing
vertible 5% income debentures (subordinated), due May
Post-War
for
Plans
Air
,
.
its war job of helping
1, 1975, at 100 and interest from May 1.
to speed victory in the Pacific,
of
W. A. Patterson,
President, declared that the end of war in Germany
responsibilities in providing speedy trans¬
also
He
,
;;
-33
.50
services
flying
pointed
company
.40
.50 '<■
1.00
1.25
.33
..50-3.33 -
Transport
Air
the
across
Pacific
MacArthur's
calling
maintaining
in
a
rapid
military
for
an
declared,
He
preparing for
is
properly
Command,
forces..
its
continuing
is
been taken
42,500
aerial supply
however,
transition
from
is
hopeful
least
a
has
it
said
Patterson
Mr.
of
getting
few of the
order
on
with
that,
delivery,
$25,000,000
with
the
European
within
the
hostilities
next
few
United
months,
of
at
worth of high-speed luxury liners which
Douglas
Aircraft
Co.
United's
order
calls
carrying 44 passengers plus 5,000 pounds of
cargo
at 240 miles an hour, and 35 DC-6's designed to carry 50
passengers and 5,000 pounds of cargo at 300 miles an hour.—V. 161,
DC-4's,
capable
of
'•
2153.
p.
recapitalization plan approved by the stockholders May 9 in¬
exchange of $120 of new convertible 5 %j debentures for eaok
6% preferred stock, exchange of 10 shares of class B com¬
mon
stock for each share of class A stock, and exchange of two
shares of class B stock for each present share of this stock.
volved
share
the
wartime
ended,
tures
Cigar-Whelan Stores Coup.—Reduces Number
Increases Par Value—
-
Walter G.
Baumhogger, President, announces that at a special meet¬
stockholders held May 15, an amendment changing
stock structure of the corporation was approved.
ing of the common
the
common
The amendment changes
shares
of
10c
par
value to
the authorized common stock from 6,000.000
3,000,000 shares of 30c par value.
-Three
selling stockholders are offering to the public $324,720 of deben¬
par and 55,253 shares of class B common stock
which they
at
received
present
class
at
$5,912
offered
B
of
common
share
per
to
History
9,
to
pursuant
holdings
of
the
stock
as
plan
of
of
being
pursuant
public at
and
1923
the
securities
to
$14.50
a
recapitalization in respect of their
company.
Of the 55,253 shares
the
offered,
Watch
shares
48,663
are
shares
being
sold
bein*
are
share.
Business—Company
Waltham
6,590
options and
was
Corp.
to
organized in Massachusetts
acquire, pursuant to a plan
the assets of Waltham Watch Co.
The name of
changed to Waltham Watch & Clock Co. Feb. 17,
Watch Co. (present name) on April 15, 1925.
Company is the successor to a business originally founded in 1850,
which has been located at Waltham, Mass., since 1854.
j
.
United
of Common Shares and
of
The
1
Feb.
■
by the holders of the company's 6% preferred
an exchange offer, which has expired.
The
line
that
Kidder, Peabody & Co.,
S. Moseley & Co., and
All but $807,120 of the debentures have
stock under
contract
miles of
portation which lies ahead.
_
100%
United
peacetime operations and for the inevitable expansion of air trans¬
to
-
the
for
daily
General
for
that
out
Other members
the underwriting group are
C. Allyn and Co., Inc., F.
Emanuel & Co.
United's
lessened
not
A.
r
......
portation facilities for essential civilian and miltary traffc, particularly
as
the company serves all embarkation points on the Pacific Coast.
2.00
Corp
$6,376,011
$715,391
Balance
elected
been
has
.79
Co
$7,984,829
$617,879
—
taxes
Preferred
simultaneously is pushing plans for post-war air transport develop¬
it
1.00
Co
87,184
$503,156
amort
Balance
\s':xV;
construction
freight
M.
ment.
1.25
&
4,390
$851,065
Net income
United Air Lines, Inc.—New Director—
for
White, Weld & Co.
•
.33
.33
&
.50
$7,980,439
4,428
pre¬
and
1704.
p.
1
and
$498,728
6,829
Balance
initial
an
-
$857,895
'
July.—V.
the
on
Ferry,
territory
dispatchers
taxes
Net oper. revenues!
Other income (net)
of
system
installation, which will cost
several
29,344
2,798,400
redeem
May 11.
on
584,988
2,418,888
acquis.
303,681
capacity about 50%, Mr. Jeffers said.
the
on
traffic
29,344
12,579,902
Other
Union Pacific RR.—Centralizes Control System—
A
plant
206,518
213,043
57,764
-
Interest and
500,000
plans
company
proceeds
to
made
be
186,856
251,463
——
Federal income taxes-—
Refinancing—
authorize
The
$3.75
debentures,
securities
new
1,131,679
18,101,143
3,570,595
3,349,582
adjustments
common
were
of
1945—12 Mos.—1944
$2,987,521 $46,095,634 $33,613,275
1,425,769
Maintenance
Amort,
1945—Month—1944
$3,963,731
revenues
Depreciation
a
new
issue of $25,000,000
$25,600,000 of 3%
debentures,
due 1959, to pay off $12,000,000 in bank loans maturing 1946 to 1951,
and to strengthen its capital position by about $10,000,000.
If stockholders authorize the preferred shares, public offering of the
The
and
Inc.
Trask
Union
-
.33
oanney & Co.—
V"
derks, Kirkland & Co.—
Kp]man & Co., Inc.-——Kebbon, McCormick & Co.
Virginia Electric & Power Co. (& Sub.)—Earnings—
of banks includ¬
group
outstanding stock options
asked
series.
with
together
to concentrate on
.50
Co
Staats
Webster
&
Snencer
fjayden. Stone
w.
;■
763,000
1138.
be
in
shares
250,000
2%%
Pushes
2.00
Co
&
Swiss American Corp
.50
& Co.__1.25
ttemohill. Noyes & Co.—_
1.25
Hornbiower & Weeks——
1.25
R.
Blodget,
•
5.00
>
of
proceeds,
25-year
ment—
1.25
.33
5.33
1.00
.33
.33
1.25
.33
Co.
Barney
William
.79
Co.,
1
Miller
&
I. M. Simon & Co
2.00
lnf*
ftavden,
the
will
issuable
stock
became
.50
Corp.—
first
Boston
stockholders
series
.50
1.25
Co
Schwabacher &
First
1.25
2.00
&
Hutton
Inc.
Pomeroy,
1.00
ine
Gas
—
1.75
Estabrook
' 1 Q44.
$1,054,451
Eric Johnston,
Cook & Co.—
of Calif
Paine, Webber, Jackson &
Curtis
-1.00
1.00
Dillon & Co.-—
& Co
Eastman,
Elworthy
refund
here
J102.403
non-recurring
has borrowed $2,000,000 from
company
ferred
has
1.00
Co.
&
Merrill Lynch, Pierce,
Fenner & Beane
1.25
1.25
Co.—
.l
Corp
M. Marks & Co.
Laurence
5.00
&
—
—
.33
Co., Inc
Co., Inc
&
Corp.
.33
Becker & Co.,
&
•'
different.
The
working capital and for anticipated capital expenditures.
The company has reported to the SEC on the exercise of options
2.00
Thalmann
Ladenburg
1.00
Co._
Peabody & Co.___
Kidder,
-
9.60
Corp
Allyn & Co.,
Blyth
credit
refund.—V.
poration.
crease
Percent.
Name—
9.60%
„
Bacon, Whipple &
Bankamerica Co.
G.
"■
Chairman of the company's executive committee,
said the management was opposed to liquidation of the company and
intends to continue to own and operate utility properties which now
form
the
system. - UGI divested itself of its largest property, the
Philadelphia Electric Co., over a year ago. under the provisions of the
Public Utility Holding Company Act.—V. 161, p. 1923.
ing the Continental Illinois National Bank & Trust Co. and the Harris
Trust & Savings Bank, Chicago.
The loan is payable in semi-annual
instalments of $100,000 each, beginning Sept. 15,
1945, with Interest
ranging from 23/4% on maturities of 7y2 years or less to 3'/4% on ma¬
turities of eight years or more.
Net proceeds are to be used to in¬
which
company,
Underwriters—The
A.
■'
$146,163
———
estimates
meeting
1,380,521
Middle
previously had been a holding
company, acquired by merger, the properties and operations of its then
Principal subsidiaries, Tide Water Oil Co. (Del.), and Associated Oil
Co/(Calif.), each of such subsidiaries then being engaged in substan¬
tially all branches of the oil business.
The operations and properties
so
acquired have since been conducted and operated by the company
as a
single integrated oil business which in the intervening years has
grown and developed into the
existing business of the company.
C.
taxes
$0.52
charges
Truax-Traer Coal Co.—Borrows
The
,300,000 shs.
6,396,809 shs.
300,000 shs.
10,000,000 shs.
Business'—Company was incorporated in Delaware on
Company is an operating company engaged in prac¬
tically all branches of the oil business, having reserves of crude petro¬
leum in the Mid-Continent and Gulf Coast areas and in California,
A.
QAH
595,000
profits taxes
adjustments—
exc.
distributing unit at 2020 Mosher St.,
special meeting of stockholders will be held
purpose of voting on a plan of refinancing.
Outstanding
$21,250,000
$24,500,000
$3.75 cumulative pfd. stock (no par)
Common stock (par $10)
&
and
1102,403
A
Authorized
Ser. notes, due 1945-54—(1%—2.375%)
Lehman Brothers
Adamex Securs.
inc.
975,586
Adjusted
as
f
Kuhn, Loeb
1
$4,449,122
——
Union Oil Co. of California—Plans
Name—
Corp.—Quarterly Statement
$800,163
post-war
Stockholders
off.
written
Capitalization
the
stock, which has been listed on the
commenced on May 17.—V. 161, p. 2153.
common
698,460
t504,008
Feb.
of
Fed.
post-war
company.
little
1945
cised
debenture
30,
new
Exchange,
$7,141,461
at
Nov.
of
the basis of
on
adjustments
shares
Electric
added
He
Inc.—Earnings-
.
which had been granted to several officials
On
in
collected
W.
Triumph Industries, Inc.—May Merge—
Noma
shares
approxi¬
shares.
common
United Public Utilities, Corp.—Loan
common
stock
and write¬
$905,000 representing assets located abroad; for year 1944, pre¬
miums and unamortized expenses of $651,000 relating to 1940 serial
line plants;
$3,900,000
amount
sisting primarily of a loss in connection with the sale
erty at Alhambra, Calif.
JLoss.—V. 161, p. 1922.
3,020,000
16,801,000
of
History
the
2153.
and
all
corporation.
of
Heavily in Opposition to Liquidation—
share of preferred, up to the close of
Redemption of the preferred stock will be
company, "'17 Battery Place, New York 4,
off
March 5,
and
each
—
17,787,000
inventory
and
1945
share———
per
for
credit
war
annual
not
$650,000 in 1943 and $500,000 in 1944.
for 1941, provision for post-war adjustments of $2,500,000
note
562,500
profits tax.
statement
non-recurring
taxes
est.
United
$0.59
of
revenues
capital
unissued
of
the
of
balance
a
$1,214,086
income
See
opers._
amounts
in
■
Three Months Production—
161, p.
value
par
surplus
leave
one
require
The change
taxes
profit as adjust..
cline
171,256
$3,370,294
-
$3,613,198
and
_____—
from
charges
*The
30,451
---
State and municipal governments in the form
gasoline, lubricating oils, and other products.
before
The
tOther
....
562,500
June 21, 1945.
the office of the
at
and
the
will
into
will
provision for a refund
which the company may be required to return to the United States
Treasury under the Renegotiation Statute.
The provision for Federal
income and excess profits taxes 1 has been estimated according to the
provisions of the present Revenue Act and is after deducting the post¬
on
common
Operating
15,842,000
.:
Federal
Income
■■■
1,279,362
on
Y.—V.
wartime
uncertainties
for
I
$2,687,248
* 562,500
excess
convert
may
shares of
business
the
Note—The
amort.,
etc.
Prov.
.
Transcontinental & Western Air,
19,722,000
Deple.,
■
!
Quarter Ended March 31—
72,000
—_
I
33,180
$4.50 Preferred Stock Called—
♦After'
debt
Provision
on
46,362,000
50,397,000
»»■
——
above
for
"After
The company has called lor
redemption on July 1, 1945, all the
outstanding shares of its $4.50 cumulative convertible preferred stock,
without par value, at $105 per share and dividends.
Holders of this
on
interest
of
Number
—
charges
153,934
day, the highest daily production for a three months' period in the
history of the company.
Last year the first quarter's production was
7,414,000, or at the rate of 81,500 barrels per day,
$
-
•
137,873
151,857
a
1941
$
Fed.
deprec.,
pletion,
1942
$
■:
238,412,000 207,136,000 155,825,000 148,683,000
int., de-
"Income before
Federal,
made
1944
share
aggregate
or
this
before taxes—
*Prov.
The company's net production of crude oil for
the first three months
1945 totaled 8,164,000 barrels, this
being at the rate of 90,700 barrels
of
(Expressed to nearest thousand)
v!f
113,980
192,726
—.
estimated
Record
N.
Summary of Earnings for Calendar Years
■
for
sales
on
344,154
___
provision
converted
1944.
'
stock
Note—The
Oil Co.—Preferred Stock Of-
Water Associated
Tide
authorized
Stock
Provision
458,182
$6,672,558
Includes
be
225,000
203,624
2,349,629
per
common
stock
that
United Drill & Tool
1,914~900
$4,830,696
Earnings
in
York
Profit
200,000
(net)
dividends
the
manner
common
stated
Estimated net profit
Surplus
*
227,611
undeveloped
dividends
will
;
;
■
Trading
/-
profit
Common
after charges and taxes *$1,247,452
profit
Net
200,000
(net)
Preferred
any
3,631,091
l,l~55~60(j
225,000
\
Bearing Co.—Earnings—
March 31— :- v:;; :
1945
v
1944
*5,039,207
acreage
Credits
stock
plan for the use or disposition of these remaining shares
adopted by the board and none is at present under consid-
eratioft.
__—
and
losses
of
value
par
Quarter Ended March 31—
undeveloped leases—,
Property retirem't and
New
Inc
217,517
3,701,774
450,000
for Fed.
in
1,096,692
been
New
<!
un-
certainties
Prov.
10c
funded
etc
exps.,
Deprec.
$9,655,903; total, $30,653,491.—V. 161, p. 2153.
exps._
___
affect
outstanding
no
has
$17,103,102 $16,231,011 $10,862,639 $12,553,450
953,971
945,732
852,430
774,543
1,451,550
1,437,766
1,376,422
1,324,196
192,414
370,831
436,262
965,264
taxes
Insurance
present
Baumhogger
mately
that
Gen.
the
the
not
the
Mr.
$16,859,260 $15,964,011 $10,643,608 $12,362,112
243,842
267,000
219,031
;;
191,338
income
Total
of
of
new
30c par
value common stock.
This
approximately 1,903,308 shares of the new common stock.
1942
i
fincluding
earned surplus,
2269
foreorganization,,
the
company
1923,
and
was
to Waltham
.
Prior
to
the
commencement
of
the
war
activities,
company
was
primarily engaged in the manufacture and sale of fine jeweled watches
and movements, and automobile speedometers.
Other products of thw
automobile
and small
included eight-day clocks, electric house clocks,
tachometers, pickometers, watch and clock parts
company
clocks,
the company has been seriously affected
in that year of the manufacture of watches
clocks for civilian uses and of speedometers for use in passenger
of
business
normal
The
since 1942 by the cessation
and
converted its production to war work
been engaged almost exclusively
a small volume of repair work
and parts.
The principal war orders of the company are f<w watches,
clocks, escapements and speedometers similar to, although not identical
with, the normal products of the company.
Company is also manu¬
facturing fuses and fuse parts, compasses, drift sight parts and other
miscellaneous items.
Approximately 52% of net sales for the year
ended
Dec.
31, 1944 comorised sales of watches, clocks and parts
designed for use by either the Army or Navy.
During the past three
years the percentage of war
business to civilian business has been
The
progressively
company
1942 and since Nov. 1942 has
work, with the exception of
during
war
on
follows:
as
V; ;'/-r
Sales
for
Sales
of
As
outlets——
commercial
to
of
the
of
cessation
of hostilities
or
Plant
stockholders
The
May
on
approved
9
of recapitalization
plan
a
designed to simplify the capital structure of the company by eliminat¬
the four different classes of capital stock now outstanding and
substituting therefor an issue of convertible 5%
income debentures
(subordinated)
and common stock, class B, which, upon the
con¬
ing
plan, will be the only class of stock which the
outstanding.
The capitalization of the company immediately after the effective
date of the plan of recapitalization will be as follows:
summation
;.
[
••
Conv.
Outstanding
Authorized
5%
income
nated),
7%
the
of
will have
company
due
1975
1,
May
($100
6%
preferred stock ($100 par)
Common stock, class B
(no par)
Stock
warrants
purchase
$3,881,040
'
t6,726.6 shs.
327,737.5 shs.
t
$3,881,040
3,777.3 shs.
32,342.6 shs.
600,000 shs.
t
par)
redemption
on
July 1, 1945, and funds sufficient to redeem the same have been
deposited in trust for that purpose.
tThe shares shown are the shares
which were not deposited for exchange for debentures under the plan
of
recapitalization.
When the plan of recapitalization is declared
'All
shares of this class have been called for
outstanding
effective
the shares
all
sufficient
to
purpose.
^Warrants
class
redeem
shown
the
Upon
in
of
shares
the
the
to
will
be
Final Consummation of Plan
Upon
consummation
company
and after giving effect to all
the capitalization of
plan,
the
of
charter
the
of
company,
follows:
as
Outstanding
Authorized
Convertible
5%
ordinated),
Common
Stock
which
debentures
inc.
due
stock
May
(no
purchase
'Of
stock,
common
-■
amendments
the
deposited
be
80,000
B.
Capitalization
the
will
same
purchase
to
and funds
trust for that
for redemption
called
will be
(sub¬
warrants
327,737.5 shs.
t
(at $5.50
share for 40,000 shares, $6 per share for 20,000 shares and $6.50
share for 20,000 shares)
of the stock purchase warrants, and
per
per
155,241.6 shares will be
of the debentures.
Company
$25 per share)
(at
reserved for the conversion
tWarrants to purchase 80,000 shares common
stock.
the
Purpose—Proceeds
will
consist
of
to
(i)
the
the
company
25,616
offer
shares
of
stockholders
to
of the $3,881,040 of debentures
6%
preferred stock exchanged
for $3,073,920 debentures, plus
(ii)
$782,906 in cash to be received by the company for the remaining
$807,120 of debentures to be sold by it to the underwriters.
Company
intends
to
such $807,120
of debentures, together with $10,821 from its treasury funds, to the
redemption on or about July 15, 1945, of the 6,726.6 shares of 6%
preferred stock not surrendered in exchange for debentures, at par plus
dividends ($18 per share).
The proceeds to the company of the 244,000 shares of class B com¬
mon stock to be issued by the company under the plan of recapitaliza¬
tion will consist of the 24,400 shares of class A common stock of the
company to
be exchanged
therefor pursuant
to the
offer to the
holders
apply
of
such
the
proceeds
$782,906
class
A
tired and the capital of
of
stock.
common
the
All
sale of
such
will
shares
be
re¬
the company reduced by the amount of capital
represented
thereby.
Company will not receive
by Union Securities Corp., A.
&
Sons
Inc.
received
of
by
securities
debentures
the
them
of
proceeds of the sale
C. Allyn and Co., Inc. and E. H. Rollins
the
upon
part
any
and
class
B
of
their
exchange
the company under the
tion.
from
the
several
such
company,
(subordinated), but not
Securities Corp
Allyn and Co., Inc.
C.
$1,164,240,
32%
Emanuel
22%
P.
Kidder, Peabody & Co
■
shall
as
not
12%
Co
&
been
sales
less
22 %
and
to
entirely
by
products
$11,682,714 $10,688,194
on
Government
May
Cost
sales
renegotiation
$8,271,475
of
contracts
of
Selling,
after
goods
Shortly
after
1942,
of
March
sales
of
war
refund
582,345
$11,532,714 $10,105,849
$8,271,475
8,394,519
6,834,635
485,433
289,845
$1,400,579
$1,421,485
Profit
operations
Prov.
before
income
deductions
for
profits
est.
Provision
for
deductions
55,235
$1,443,763
$1,442,908
„33,000
——;
income
taxes
and
$1,167,995
73,210
576,000
28,848
Manager and
He
continue
will
Laboratories,
Inc.,
a
as
a
been
appointed
director.
President
new
company products.—V.
shares
then
Rudolph
F.
all
owned
Blash,
of
surrendered
the
$510,327
161,
and
subsidiary,
p.
Executive
Vice-President
and
Manager
organized
316.
to
of
Standard
distribute
Warner
a
portion of
stock
the
at
$5.70
a
As
result
244,035
was
Regis¬
incorporated
amounting
On
treasury
into
19,950 shares of
Emma
Blash,
F.
and
outstanding shares
shares
share,
per
the
the
166.424
$2,686,622
234,244
$2,897,380
$2,491,683
$2 920 866
—
chgs., incl. disc,
for
Earns,
—V.
Fed.
bonds
on
income
161,
'301
287,499
293.738
(est.).
791,000
662 000
(est.)
617,000
543.000
$1,201,881
taxes
$992,945
$961,391
$1 31
$0.95
$0.89
profit for the period
per share of common
475
569000
1
089*000
stock
-
-
2154.
p.
White Motor Co.—Vice-President & TreasurerRobert
C.
has
Lee
been
elected
Vice-President
and
Treasurer—V
1584.
p.
Williams Oil-O-Matic Heating
See
Eureka
Vacuum
Cleaner
Co.
Corp.—Merger—
above.—V.
161, p.
1565.
Willson Products, Inc.—Earnings—
Quarter Ended March 31—
Net
1945
sales
shares
per
V.
160,
p.
$1,185,080
<Y-
54,735
70,296
128,162
128,162
128,162
$0.53
1
$0.43
share
State
1943
$886,235
68,352 %
Common
Eari&ngs
'After
1944
$1,029,474
'NetAprofit
stock.
new
and
Federal
income
and
excess
profits
$0.55
etc.-
taxes,
2337.
for
redemption
at
Wisconsin Public Service Corp.—Weekly OutputElectric output of this
Herman
corporation .for the week ended May 12, 1945,
10,325,000 kwh., as compared with 11,065,000 kw'n. for the cor¬
responding week last year, a decrease of 6.7%.—V. 161, p.-2154.
Biechele, who
par) preferred stock,
redemption
prce
of
($50
a
or
total subscription price
a
foregoing,
there
cancellation
issued
were
the
of
at $82,257.
and outstanding
treasury
shares
total
a
of
shares,
and
to
March
$249,911.
4,
which
1945,
has
the
totaled
been
effect
company
will
Common
stock
be
had
company
superseded
of
the
present
follows:
by
bank
a
credit
agreement
in
Termination
a
events
to
as
*
(F. W.) Woolworth Co.—Shortages to Continue— *
A.
L.
Loan Agreement.
immediately above
described
financing,
the
capitalization
of
the
Cornwell,
Stockholders
for
nated
Vice-President, at the annual meeting of
that several stores had been desig¬
Executive
May
on
16,
stated
post-war improvement.
was in line, he added, with
improving the most profitable
This
the company's program of enlarging and
stores.
■
^
Shortages
with
the
occurrence
giving
Authorized
Loan
for
(par $1)
of
Japan
The
merchandise
were
terminated,
was
stockholders
for
the
expected
Mr.
sixth
Cornwell
to
continue
until the war
said.
consecutive
defeated a resolu¬
year
tion
calling for transfer of the annual meeting from Watertown, birth¬
of the company, to New York City. John J. Gilbert, New YorK
City, holder of 75 shares, sponsored the resolution.—V. 161, p. 2154.
place
credit not
in
of
entirely to
such
the
sale
of
which
shares
by the
working capital.
several
very
modest
I, the company's production facilities
in
size.
During
were devoted almost
will
company
has
agreed
to
and
purchase,
the
are
1942
$1,619,952
$1,392,427
2.319
$U0J«g
5,433
$1,657,597
oper.
Total
income
$1,625,385
$1,394,746
$1,112,650
155,'147
3,387
for
194,502
191,622
1,149,123
1,144,706
902.343
574,502
'$287,280
'$286,177
$300,781
$383,001
486.656
486,656
486.656
486.656
$0.59
$0.59
$0.62
charges
Fed.
excess
inc.
profits
221,194
Y
and
taxes__
as
Net
„
Purchased
Brailsford
&
Co.
Securities
Link,
Gorman
Minton
Herrick
O.
H.
H.
&
&
&
Woolfolk,
'After
providing an estimated
tracts—V. 161, p. 2044.
&
Co.,
:Y..Y-
Huggins
&
Completed sales
2 885
Partly
l'731
1 731
Total
;
Period—
Net
Jan- L '45
,
*
Mar. 4,
Sales
of
gen.
goods
&
operating profitincome
income
on
for
from
$5,482,795
$3,351,171
4,347,438
38,944
232,168
2,762,164
204,133
$135,773
$903,189
27,496
refund
est.
$930,685
14
708,439
—
13,161
90,581
renegot.
(net)
,
$397,870
6,307-
285,162
_
^
3,000
71,000
Net
income
—
$50,257
$138,084
estimated
for war
$2,636 889
2,361,066
161,036
$114 785
8^051
'
$122 837
'650
71 345
'
-
$106,401
and
taxes_
$50,841
'$150,000
due
to
S. E.
In
31,
charged
cancellations
on
$0-62
13,354,789
share
during half-year
Uncompleted orders not included in sales
,$Based
$623,700
——
common
booked
—.
1943-44
and
price
l.o >
1,168,
^
t After reduction of
redetermination during
-
-
$373-5™
on
mi
nn1
20,
1$19,207,855 $^>,
year-end.
sales
Aqi>4cni
$17,337,295
2,696,700
1,96^000
104,000
-
post-war contingencies—
profit—
Orders
taxes
income
for
$384,873
12,997
_
$143,853
Income-
Federal
for
..
$10,092,
7,244,
V
1V731
1942
8,079
exp.
Total
1943
708,178
sold
adm.
$20,755,607
-
Provision
^Earnings per
$882,895
Cost
Sell.,
Net
1944
sales-
Reserve
Years Ended Dec. 31
45
8,933,207
—
Net'profit before taxes and contingency chg.__
Net
,
contracts
—
Summary of Earnings Statement
„
completed
1Q45
$11,822,400
1*731
1^269
Shober
S079
of war con¬
Corp.—Earnings—
Six Months Ended March 31—
l'73i
^269
1*269
;
i
York
reserve
1 731
1,269
Co
Co.„_
2 885
1,269
—
3 468
1 269
Inc
5 770
2,115
Dolphyn
5,770
for renegotiation
5 770
4,230
.
12%233
4,230
Co
&
&
Inc
12,233
2,115
Co.*
Camp
Johnson
outstanding
Earnings per share
4,230
*
Co
&
Alfred O'Gara
Shares
8,967
Inc
Co
&
McDowell
Mercier,
——_
2,532
Co.,
of Chicago
Co., Inc
Co., Inc
Waddell
Van
&
Co.
&
Wibbing
profits
8,967
&
Simonds
from the
Company Shareholders
„
World
entirely
1943
$1,655,289
2,308
earnings from
Depreciation
underwriters
Purchased
Prov.
was
1944
follows:
7, 1918, to acquire the business and assets of a partner¬
organized in 1914.
The partnership was formed originally to
engage in the fabrication of metal novelties and devices
Prior to
Illinois Dec.
Co.—Earnings—
1945
Interest received
Res.
the
each
Net
agreement.
the
present
names
shares
said
of
Yale & Towne Manufacturing
Quarter End. Mar. 31—
Agreement dated April 11, 1945,
$1,000,000 at one time outstanding.
of
excess
augment
Underwriters—The
of
None
Termination Loan
a
Purpose—Proceeds
number
289,035 shs.
$1,000,000
Company has not borrowed under
used
Outstanding
500,000 shs.
;
Agreement
total
a
Deducts,
ship
Mrs.
of
new
in cash
Prov.
War
$2,325,259
193,336
outstanding
including 14,431 new shares subscribed and paid
43,844 new shares issuable to the partners of Webster
Products in payment for the tentative net worth of Webster Products
for
in
business
the
—
Chicago.
Business—Webster-Chicago Corp.
its
in
upon
immediately
Other
Transfer Agent—City National Bank & Trust Co. of
Chicago
trars-Continental Illinois National Bank & Trust Co. of
I,
$2,704,044
Net
radio-phono¬
and
On the same day Mr. Blash, Mrs. Blash and Mr. Biechele,
respectively agreed to purchase from the company and paid for 8,211,
5,430, and 790 shares, respectively, of the new
($1 par)
common
R.
*
working capital. The remainder represents
present holdings of nine stockholders.
War
profit from operations
doubtful
$82,250.
Enyart
General
Webster-Chicago Corp.—Stock Offered—Brailsford &
Shillinglaw, Bolger & Co., Inc., headed a bank¬
ing group which on May 14 offered 106,400 shares ($1
par) common stock at $6.75 per share.
Of the stock of¬
fered, 45,000 shares represent new financing on behalf
of the company and proceeds will be used for
additional
World
72.046
161,
1,645
Co. and
and
73,396
for
Prov. for Fed. exc. profits tax
outstanding immediately
after
amendment
a
total
of
shares, including 19,950 shares then held in the treasury.
March 27,
1945, the company cancelled the 19,950 shares
($1 par) common stock then held in the treasury.
On Feb. 28, 1945,
Smith, Hague
History
accounts
Prov.
1945,
Shillinglaw, Bolger
$502,872
1584.
General
1,36
255.903
1945,
4,
First
$489,142
has
radios
from the
contingencies—.
Fauser
1,26
265,169
Int.
were
Baker
P.
production of
time
81,668
866,825
892,773
(Wililam R.) Warner & Co., Inc.—New Exec. V.-Pres.
Erwin
its
offer
to
terminated by government order.
was
excess
—
surplus
161, p.
determined
company
materials.
Sills,
Balance
—V.
2,19
1,381.097
205,710
$1,112,760
21,422
expenses
Other' income
Income
2,488,606
Effective
324,079
43,184
from
23.564,998
1,413.483
deprec.
Gross income
March 20,
1945,
the company amended
incorporation to change its authorized capital to 500,000
shares ($1 par) common stock and changing each of the 1,548 shares
of
previously outstanding
($50 par)
common stock into
120 shares
of the newly authorized
($1 par) common stock and changing the
be
Profit
the
Harbor
—
9,646,703
admin,
26,712,538
charges-
1,296,021
for
Gross
articles of
There
maintenance
2,606,281
Capitalization—Effective
old
i9/
$29 27
1,526,822
approximately $2,000,000. The Signal Corps has certified to the com¬
pany tnat it is not in the public interest to disclose the details of
its prime contracts.
399
sales, including taxes, labor
operating charges
other
and
1944
$35,184,271 $31,501,392
—
and depletion
the company had a prime contract with the
Ordnance
Department of the War Department, one prime contract
with the Navy Department, and two prime contracts with the Army
Signal Corps, having a total undelivered balance at that date of
its
1945
returns
Other income
the company had completed the manufacture
and
delivery of approximately $12,000,000 in war materials under
prime contracts with various governmental agencies and under sub¬
contracts
with
other
prime contractors.
All of Webster Products'
total sales of $9,964,656 from April 1, 1943, to Feb. 18,
1945, were
March
discounts,
-
which
4,
of
Provision
and laminations and other metal stampings and
Pearl
at
been
5n
ou st0cks'
Selling, gen. and admin, exps
Taxes, other than income taxes
production facilities to the various governmental war agencies
production of dynamotors and voltage regulators.
Since its
products prior to that time were sold primarily to radio and phono¬
graph manufacturers, its production for civilian use ceased entirely
May,
0
allowances
Prov.
1941 its principal lines of
component parts for radio
At the end of
record changers,
less
sales,
and
the
graph combinations
Bank of the City of New York
has
for the preferred $12.50, and common $12
National
registrar
Repairs
entire
for
'"T"
150,000
sold—
general &
1942.
of
'Company has
Gross
Cost
,
automatic
were
electronic devices,
fabrications.
$0.35
returns,
etc.
refund
on
expansion.
and
$0.33
3,535,034
$1,117,867
3.172,110
3,172,110
1251.
p.
Chase
and
company's production for civilian consumption was discontinued
The
$0.41
3,172,110
$0.34
Wheeling Steel Corp. (& Subs.)—Earnings-
manufacturing communica¬
a
conservative basis with
for
It
reference
2,367.032
$1,037,641
Quarters Ended March 31—
disposed of the division
systems, preferring to proceed
tions
4,040,708
$1,285,397
3,172,110
161, p. 2154.
Gross
1941
and
Jan. 1, '44 Dec. 26, '42
31, '44
-V.
either
changers.
3,173,083
$1,069,513
—
Westinghouse Electric Corp.—Registrar AppointedThe
ointed
the company's management was faced with the problem
expanding its production facilities to accommodate the in¬
creasing volume of record changer business or disposing of its division
for the manufacture of communications systems to make the produc¬
tion facilities devoted thereto available for the production of record
In
of
taxes
161,
1942
$4,652,901
excess
profit
—V.
manufacturers of phonographs
to the
combinations.
principally
sold
were
1943
$3,404,673
outstanding
Earnings per share
approximately
radio-phonograph
1944
$5,326,105
Shares
15% of sales in 1938.
In
1939
the company
completed the design and commenced the
manufacture of its first automatic record changer. Company's record
accounted
effect
Dec.
discounts,
for
Net
$0'29
593
-Earnings—
1945
$4,242,596
taxes
and
income
profits
the
of
44%
before
profit
Fed.
company's total
sales in 1936 and 39% of total sales in 1937.
Tool and die work for
others contributed approximately 9% of sales in 1936 and 1937.
In 1938 the company commenced the design and development of
automatic record changers.
At the end of 1938 the company's prin¬
cipal lines of products were laminations and other metal stampings
and fabrications, and communications systems, the former contributing
approximately 34% of total sales and the Tatter contributing approx¬
imately 46% of total sales in that year. Tool and die work for others
12%
Moseley & Co
Comparative Income Statement
Years Ended—
Gross
have
stock in the
Net
400,000
.
Quar. End. Mar. 31—
own
approximately
1942
5118,031
420,000
— —
earned
-Earnings
1943
$129 253
Westinghouse Air Brake Co. (& Subs.)
in
contributed
Subs.)-
1944
$247,581
400,000
400 000
$0.60
$0.68
$039
'After depreciation and Federal income taxes.—V
161 p
years
of
shares
Common
products and for sale to other manufacturers for incorpora¬
the products of such other manufacturers.
Laminations contributed approximately 47% of the company's total
sales in
1936
and
52%
of total sales in
1937.
Sales of electrical
tion
'1945
$253,948
profit
Earnings per com. share
-v-x-
■
Since
,Y V';v.:
Gross
S.
holdings of
recapitaliza-
agreed
to purchase
5% income debentures
up upon the offer to holders of the 6% preferred
percentages set forth below opposite their names:
A.
be
>.•'
taken
Union
to
have
convertible
exceeding
present
■'%
underwriters
of ! the
stock
common
terms of the plan of
Y'-..'''.Y4.;:
Underwriters—The
the
of
West Virginia Coal & Coke Corp. (&
Quar. End. Mar. 31—
'Net
®tie>.
shares
common
the company has continuously engaged in
laminations and other metal stampings ior use
20
manufacture
its
in
On
pursuant to
...
other current liabilities, $422,984; common atS*
subscribed, $332,168; capital surplus una aoo
surplus, $608,571; total, $3,067,320.—V. 161, p. 1924.'
$1,381,586;
numbering approximately 400.
than
1945
S?rance>
patents. Its communication systems were
basis, principally through jobbers and other
.
more
4,
icwuci
syscems.
the manufacture of such systems
"B"-battery eliminators many years ago.
'
Company has continuously since 191.8 maintained a tool a,nd die
shop equipped to manufacture its own tools, dies, jigs and fixtures,
and
testing apparatus employed in the manufacture of component
metal parts for its products, only a few component parts being ob¬
tained from outside sources.
Company also produces tools and dies
to
accommodate outside
customers when its own requirements will
As
reserved for the exercise
shares will be
80,000
..
Co.
national
a
March
on
deposit and on hand, $786,795- u
certificates
of indebtedness,
plus
accrued
interUt
LreisnT3
accounts receivable—trade
(net), $460,698; inventories sS.« JL'46,253;
current assets, $40,780; cash surrender value of officer's m*'value
01
onicer's life in. • oth«
liei
1,900; deferred charges
$10,043; fixed assets (net), $421,
$14
war refund of excess profits tax,
£, $40,066; total, $3
067 321' p0St*
Liabilities—Accounts
payable—trade,
$174,690;
accrue
v
Company also manu¬
eliminators of its own design for use with radios.
disposed of its division for the manufacture of comsystems in 1941 and discontinued the manufacture of
munications
by
$3,881,040
$3,881,040
'600,000 shs.
t
1975
1,
par)
on
outlets
wholesale
changers
,
——
preference stock
prior
(subordi-
debentures
distributed
at
as
%%
factured "B"-battery
apparatus
Recapitalization
of
Electric
inter-communication
office
for
first licensees
the
Western
under
For
uncompleted sales or contracts
$7,500,000.
The current unfilled orders
to wholesale cancellations in the event
changes in military requirements.
■> -.
,
approximately
company are subject
to
one
and
address
public
of
was
permit.
1, 1945, the company had
Jan.
amounting
1944
95%
5%
1943
91%
9%
1942
44%
56%
purposes—
war
principally
It
Sheet
Assets—Cash
telescopes, ordnance gauges and other similar items. Tnese involved
manufacturing to close tolerances.
Following World War I the company enlarged the scope of its
activities through the design and manufacture of electrical apparatus,
.
^
Balance
aerial cameras, field
of precision parts for DeRam
the manufacture
to
Monday, May 21,
ig4s
FINANCIAL CHRONICLE
THE COMMERCIAL &
2270
$53i,
'316
»
•
927,726 shares presently outstanding.
Lauer, President, states:
.
March
of 92% of the $19,207,855 uncompleted orders Jaw
{of
involved refrigeration and air conditioning equip war
uses
and essential civilian purposes related to -
excess
1945,
direct
During April* 1945, company redeemed its $4,450,000
bonds, replacing them with a 3^4% bond issue of appr •
same amount maturing in 1960.
* ' ^ an
Company has been discharged by the Price Adjustment®°ar«er an
liability under the Renegotiation Act through Sept. 30, 194 ,
4j/4%
the
.
investigation that revealed
no
excessive profits.—V.
161, P-
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE
Number 4387
161
2271
Stale and City Department
'
«
•'
mmrnrnrnmmmmrn
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Alabama (P. O. Montgomery),
VfK-.y Ala. ■
Bond Bill Pend¬
Dock Revenue
North Heights Water &
Light Dis¬
trict No. 35, will also have to
go
through Federal bankruptcy. Wa¬
ter District No. 18's troubles were
said to
be added to by the
State
CONNECTICUT
Florida (State of)
Legislature Approves Cigarette
Connecticut (State of)
Restriction of Gas Tax Receipts
A proposal to amend
Connecticut's Constitution to re¬
.
Defeated
—
Tax increase
the
—
State's
three
to
A bill
cigarette
four
cents
increasing
from
tax
Certified
checks
require Docu¬
mentary Stamp Tax at the raj;e of
10
cents
$100
per
fraction
or
thereof. Separate bankable remit¬
tances to cover such tax should
pack was
8, an administration obtaining a huge judgment against
given final legislative approval on accompany each such check
authorizing the State Docks Road District No. 27, which over¬ strict the use of all motor vehicle
Eoard to issue revenue securities lapped Water District No. 18. fees and gasoline tax receipts to May 7 and sent to Governor Mil¬ stamps are not attached.
lard Caldwell, who had advocated
fnr self-liquidating expansion pro¬
Sewer District No. 33, Gas District State Highway purposes was re¬
Lake Worth, Fla.
the measure.
The new increased
No. 34, and Water &
jects was approved by the seaLight Dis¬ jected May 10, by the State Legis¬
ing—On May
a
if tax
hill
committee pf the
harbors
norts-
of Representatives.
J
N. Sullivan, Representative
nf Mobile, announced that the bill
House
State
not affect the status of
nresent harbor improvement bonds
and- would not be general obliga¬
tions of the State.
would
Cumberland
The
—
have
about
appears,
the
same
trouble, it
Road District No. 32.
as
Marked Tree School
District, Ark.
Bond
Issue
plication
Sheffield, Ala.
Correction
trict No. 35 put in the
utility
lines serving Road Districts 28 and
32.
These three utility districts
Approved—An
for
refunding
calling
$55,496.18
approved
ap¬
issue
an
bonds
of
was
May 7 by the State
on
lative Constitutional Amendments
Committee.
The
proposed
State constitu¬
tional amendment to ban highway
fund diversion had been
approved
by
the 1943 House and would
required approval by two-
have
thirds
of
both
Houses
this
year
before it got before the electorate.
Norwalk First Ttixing Dist.£ Conn.
of Nashville, not Board of Education.
Bond Sale—The $750,000 water
Securities Co. of
works bonds offered for sale on
> PreScbtt School
fJackson, was associated with WatDistrict, Ark. '/■. May 16
v. 161, p. 2045
were
kins Morrow & Co., Birmingham,
Application Approved—On May awarded to Coffin &
Burr, Lee
and M. B. Vick & Co., of Chicago, 7, the State Board of Education
Higginson
Corp., both of New
in the purchase on May 1 of $264,- approved an application to issue
York, and Braun, Bosworth & Co.,
000' refunding bonds, as 3s, at $15,000 construction bonds.
Inc., jointly, as Is, at a price of
102..50, a basis of about 2.90%—
100.53, a basis of about 0.96%.
Securities Corp.
Tennessee
the
—
Tuckerman School District, Ark.
161, p. 2155.
v.
Bond
ARKANSAS
|
^Bright
(P. O.
Star School District
Blooniburg), Ark.
Approved—An issue
Bond Issue
,
Application Approved
Approval of
was
—
application to is¬
construction
bonds
May 7, by the State
an
$29,800
given on
sue
Board of Education.
$59,500 refunding bonds was
(approved in an application by the
of
(State
Education
of
Board
CALIFORNIA
on
!May 7.
Los
Angeles, Cal.
Bonds Approved—The
Ark.
Bryant School District,
Bond Issuance Planned
—
State Board of Education on
The
May
7, approved an application to issue
water and
$10,000 school,
$12,500,improvement bonds
were
approved
at the election
held on May 1.
000
sewer
(system bonds.
airport
Los
Angeles
City
( Bond Issue Approved—An issue
of
$84,896 refunding bonds was
approved by^the State Board of
Education on May 7.
School
Issue
7
by the State Board of Educa¬
tion.
were
received
on
as a
May 14, for
Angeles County School District
(P. O. Los Angeles), Cal.
Bond Sales—The $52,000
district
awarded
as
school
161,
p.
2155—were
follows:
,
$40,000 Old River School District
Fouke
School
Ark.
District,
bonds
were
sold to the Secur¬
ity-First National Bank, of
Angeles, as l%s, at a
Bond Issue Approved—An ap¬
plication to issue $46,600 refund¬
Los
ing bonds was approved on May
7 by the Board of Education.
price
100.475,
of
about
Bond Issue Approved—On May
7, the State Board of Education
approved
application to
$34,000 refunding bonds.
an
application
were
naford &
bonds
a
On May
7,
meeting of the Board of Al¬
dermen, an
calling for
ordinance
an
was
issue
of
passed
airport improvement
funding bonds.
Rock-North
Heights
re¬
lviay
li,
a
Road
Petition
Filed—On
bankruptcy
petition
Saving the above
ued
in
-district was
Federal Court, seeking to
12 toe District put into bankcraa0/' The petition states that
thi ?i bonds are past due, and
dpf
u6 Patriot will also shortly
mi??
niof
w
mterest
payment
on
?ng bonds and that the;
strict is
bankrupt.
covering
$2,000 on May
Price Bid
~
the
Talbot,
100.037
for $40,000, l-%s
Security-First National
Bank, Los Angeles,
for $12,000, 114s,
Napa
County,
School District
District No. 32, Ark.
Bankruptcy
due
100.041
$325,000
J12 %
| Ldtle
District
awarded to Han-
Bidders
—
Elementary
(P. O. Napa)* Cal.
Napa
Construction Plans Approved—
The
Board
of
Trustees
met
on
and approved general
plans for school construction and,
on May 3,
considered a proposal
to issue bonds to the amount of
April
26
$425,000, for the purpose
nancing the project.
Solano
Bond
Unified
(P. O. Fairfield), Cal.
County,
Sch. Dist.
of fi¬
Vallejo
Sale—The $750,000
lW%
junior college and swimming pool
construction bonds were awarded
plan
of
1.20% Bonds
May 8, to the Bank of Amer¬
ica. National Trust & Savings As¬
sociation of San Francisco, at a
on
expected to raise
ditional $2,000,000 a year.
Fort
Bond
an
E.
Chand¬
ler, City Clerk, has anounced that
of 1939, series
A, B, C, and D, refunding bonds
amounting
to
$941,899.54,
and
dated July 1, 1939, maturity on
July 1, 1969, are called for pay¬
ment
July 1, at the Manufac¬
on
turers Trust Co., New York City.
Interest ceases on date called.
ri
Manu¬
Co., of New York,
announced
Section 3 of
that
pursuant
resolution
a
to
adopted
by the City Commission
on Aug,
1937, Said City has deposited
the bank the sum of $20,-
23,
with
653.43
and
said
is
sum
available
sinking fund for the purchase
of the refunding bonds series
A,
issue of Nov. 1, 1936, at the lowest
as a
prices submitted.
-
The above named bank
Hillsborough County (P. O.
Tampa), Fla.
Bank, Chicago, and
jointly
of
products
F. S.
ture
Co., jointly
100.61
State, by
which the
Legisla¬
required to
continue the levy of said tax for
the
Moseley & Co., and
of the
Constitution
the
114% Bonds
16 of Article IX of
under Section
Estabrook & Co.,
Putnam &
two
of
sales
100.529
For
distributive share of a
cents per gallon in
gasoline or other like
of petroleum accruing
County's
a
terms
of
of
the
State
is
period of 50 years from Jan. 1,
unsuccessful
turned
purchased
der
said
to
ten¬
all
with
and
on
re¬
bonds
All
delivered
be
maturing
coupons
on
date.
pursuant
must
Nov.
tenders, will be
said
on
after
1, 1945, attached to the bank
before June
8, 1944, on
or
which
date
chase
price
interest
payment of the
will
accrued
pur¬
made
be
to
such
with
date.
1943, and is prohibited from with¬
drawing the proceeds thereof from
Levy County (P. O. Bronson), Fla.
the operation of said \ Constitu¬
$1,854,000 tional provision during said peri¬
4-3%, series A, B, and C, issue of od. The bonds will be awarded to
1944, refunding bonds offered for the bidder whose bid produces the
sale on May 12, were awarded to a lowest interest cost after deduct¬
syndicate composed of Shields & ing the premium offered, if any.
Co.,
of New York, Stranahan, Interest on the premium, if any,
Harris & Co., Inc., of Toledo, Cohu will not be considered as deducti¬
& Torrey, of New York, Sullivan, ble in determining the net interest
Nelson
&
Goss, of West Palm cost.
In determining the net in¬
Beach, Leedy, Wheeler & Co., of terest cost, interest will be com¬
Orlando, Municipal Bond & In¬ puted to the maturity date from
vestment Co., of Memphis, Robin¬ July 1, 1945.
Said bonds will be
son-Humphrey Co., of Atlanta, issued and sold by the State Board
and Herbert J. Sims & Co., of of Administration, a body corpo¬
$80,000 SBA,
refunding bonds
on
May 15—V.
161, p. 1930—were awarded to the
Florida National Bank, and the
Clyde C. Pierce Corp., both of
Jacksonville, jointly, as IV2S, at
a price of 100.513, a basis of about
1.45%.
Dated June 20, 1945. De¬
nomination $1,000.
These bonds
are due on June 29,1956. The next
highest bidder was B. J. Van
Ingen & Co., and Trust Co. of
Georgia, Atlanta, jointly, for IV2S,
at a price of 100.267.
FLORIDA
Clearwater, Fla.
Bond
Sale
—
The
a price of 103.413.
1, 1944. Denomina¬
tion $1,000.
Due July 1, as fol¬
lows: $25,000 in 1945 to 1948, $30,000 in 1949 and 1950, $35,000 in
1951 and 1952, and $38,000 in 1953,
New
York, at
Dated
Jan.
$7,000 in 1954, $40,000 in 1955,
$45,000 in 1956, $4,000 in 1957,
$43,000 in 1958, $45,000 in 1959,
$52,000 in 1960, $25,000 in 1961,
$62,000 in 1962, $65,000 in 1963,
$69,000 in 1964, $64,000 in 1965,
$69,000 in 1966, $18,000 in 1967,
$50,000 in 1968, $53,000 in 1969,
$85,000 in 1970 to 1972, $90,000 in
1973, $156,000 in 1974, and $374,000 in 1979.
Prin. and int. pay¬
able at the Chase National Bank,
New York.
Legality approved by
composed of the Governor,
Comptroller and Treasurer of the
State, created by and existing un¬
Bond
series
offered
Sale—The
of
1945,
for
sale
rate
Section
der
16
of Article
IX
of
Miami Shores (P. O. Miami),
Bond
Election
—
An
Fla.
issue
of
the Constitution of the State, and
$350,000 bonds, to bear not * ex¬
ceeding 4% interest, will be sub¬
pursuant to the applicable statutes
of the State and a resolution duly
tion
adopted by said Board and will be
finance the
validated by judicial decree. Ref¬
Shores
erence
to said Constitutional
provi¬
sion, statutes and resolution may
be
had
for
a
more
detailed
that
such
bonds
are
mitted
a
valid and
legally binding obligations of the
State
Board
of Administration,
acting for and on behalf of said
to
the
to
be
voters
held
due
000
in
at
an
June
elec¬
to
purchase of the Miami
Club, to be used as
on
12,
Golf
recreation center.
are
de¬
scription of said bonds.
The ap¬
proving opinion of Giles J. Patter¬
son, of Jacksonville, to the effect
i°.n ^nd readjustment of
Masslich
&
Mitchell,
of New County and, if requested a copy
mtocates that five other
York.
of the transcript of the proceed¬
j 111 e Roc k-N o r t h price of 100.005, a basis of about
These
bonds
are
the
unex¬
ings involved will be delivered to
Hp
i '^ater District No. 4, Lit— 1.249%. Dated June 1, 1945. De¬
changed portions of the Refunding the purchasers of said bonds with¬
bisfri^CAT~North heights Water nomination $1,000. These bonds of $4,445,000 bonds of the City.
out charge.
Enclose a certified
Heiput
18, L^tle Rock-North are due $30,000 on June 1, 1946 to
check for 2% of the par value of
The only other bidder was:
Lit?rSt>S^Wer District No. 33, 1970. Legality approved by Orthe bonds bid for, payable to the
Crummer & Co., and
histripf m
strict No. North Heights Gas rick, Dahlquist, Neff, Brown &
Associates
103.289 State Board of Administration.
24, and Little Rock- iien'ington, 01 San Francisco.
dnh+
dicf^-1,
Wanted—The
sinking fund agent for the City
has
Myers, Fla.
Call—Charles
Tenders
facturers Trust
as
the various issues
tax
Kean, Taylor & Co.,
due
Talbot, of San Fran-
are
Hannaford &
Bonds Authorized
are
1, 1947 to 1952.
The next highest bidders were:
$40,609
Little Rock, Ark.
at
bonds
sisco, as 114s, at a price of
100.154, a basis of 1.216%.
Dated
May 1, 1945.
These
May 7,
of
calling for an issue
construction bonds.
May 1,
Whittier
West
bonds
issue
on
These
12,000
Bond Issuance Approved — The
State Board
of
Education
ap¬
an
For
Haris Trust & Savings
$2,000 on June 1, 1946 to 1965.
Lavaca School District, Ark.
proved
basis of
a
Dated
1.45%.
1945.
Humphrey School District, Ark.
July 1,
ad¬
on
is
accord¬
ingly calls for submission to it at
its Corporate Trust Department,
55 Broad Street, New York
15, N.
Bond Offering—J. M. Lee, Sec¬
Y., before 3 P.M. (EWT), on May
retary of the State Board of Ad¬
28, 1945, of tenders of said bonds.
Dated Jan. 1, 1945. Denomination ministration, has announced that Said tenders
must specify (1) the
$1,000.
These bonds are due on the Board will receive sealed bids principal amount of bonds offered;
Jan. 1, as follows: $5,000 in 1949 until 3 P. M. on May 22, at his
(2) state the price (whch must be
to 1951, $15,000 in 1952, $20,000 in office in Tallahassee, for the pur¬ less than
the principal amount and
1953 and 1954, $25,000 in 1955 and chase of $135,000 SB A, series of accrued
interest thereon) at which
coupon
refunding
bonds.
1956, $30,000 in 1957 to 1962, $35,- 1945,
the same are offered; (3) recite
Denomination the distinctive
000 in 1963 to 1966, $40,000 in 1967 Dated July 1, 1945.
numbers of bonds
Due July 1, 1961.
Prin¬
to 1970, and $50,000 in
1971 to $1,000.
offered; (4) be accompanied by a
1973.
Other bidders were as fol¬ cipal and interest payable at the certified check
drawn to the or¬
Exchange National Bank, Tampa.
lows:
der of Manufacturers Trust 1C0.,
\
Bonds to bear interest in multi¬
For 1% Bonds
Sinking Fund Agent, in an amoun t
ples of
%, one-tenth or oneMerchants Bank & Trust
equal to one per centum of the
twentieth of 1%, at the lowest
Co., Norwalk
100.29
rate obtainable when sold at par, principal amount of bonds ten¬
Halsey, Stuart & Co.,
dered. Since accrued interest will
or at 3%
when sold to the bidder
First of Michigan Corp.,
be paid on all bonds purchased,
who will pay the highest price
and
tenders at prices designated
as
R. L. Day & Co., jointly_„_100.079 therefor, the Board reserving the "flat" will for
all purposes be con¬
exclusive and unqualified right to
For 1.10% Bonds
sidered as being made on a "net"
determine who is the best bidder
Blyth & Co., and
and to reject any or all bids.
The basis, i. e., inclusive of accrued
Charles W. Scranton & Co.,
interest.
payment of said bonds and the in¬
jointly
:
100.722 terest thereon will be secured by
Notice of acceptance of tenders
White, Weld & Co., and
be
mailed
a
by
the
above
pledge of the full faith, credit will
Alex. Brown & Sons,
and taxing power of said County, named agent on May 29, 1945, and
jointly
100.31
and an additional pledge of said good faith checks accompanying,
bonds offered for sale on
15—V.
May
and
1
refunding bonds.
Approved—An ap¬
plication to issue $35,000 construc¬
tion bonds was approved on May
tenders
result of the call
Ark.
District,
no
announced
has
Treasurer,
that
Los
Bond
Im¬
No Tenders—Clifford K. Steele,
Corning School District, Ark.
Eudora
and
Acquisition
District No. 38, Cal.
provement
—
levy will go into effect
May 1,
on
1946
to
as
These bonds
follows: $10,-
1953,
$15,000
in
1954, $20,000 in 1955 to 1958, and
$25,000 in 1959 to 1965.
Okeechobee County
(P. O. Okee¬
chobee), Fla.
Bond Offering—Roy R.
son,
Rauler-
Clerk, Board of County Com¬
missioners,
will
bids until 10 A.M.
receive
of the follow¬
bonds, amount¬
19, for the purchase
ing issue of 1944
ing to $41,000:
sealed
(EWT). on May
bonds.
$6,000 3% refunding
on June 1, 1952.
accompany
Due
Due
bonds.
1956.-
$6,000
and
1955,
in
000
-
1,
June
on
7 ;,0
;
in
and
(P. O.
Water Control District
Zellwood), Fla.
Bond Issue Validation—
<
Asks
'
'
attached.
Orange County Zellwood Drain
as
814,000 in 1954, $15,-
1 follows:
77.
*
general refunding
3%%
35,000
:
each such check if tax
stamps are not
•
and interest (J-D)
Secretary
of the Board of Supervisors, has
announced that the Board filed
First
action
.
Charles O. Andrews, Jr.,
Principal
1, 1944.
Dated June
payable at the
National Bank, Chicago, and
be accompanied
approving opinion of
April 16 in the Circuit
the State, petition¬
on
the bonds are to
Court against
with
ing for the validation of $87,500
land improvement bonds.
Action
on the petition is set for May 22.
the
Caldwell, Marshall, Trimble &
Mitchell, of New York. The bonds
will bd delivered with interest
Polk
due on Dec. 1, 1945, and
dates attached, and
bidders must agree to accept de¬
coupons
subsequent
Bartow),. Fla.
Bond Offering—J. M. Lee,
livery and make payment for the
bonds at the First National Bank,
1945.
2%
for
the Board will receive sealed bids
certified check
of the par value of the
Enclose
-
a
bonds,j payable
Bond
1945-A,
couponrefunding
bonds amounting to $107,000:
district No.
retary of the State Board of Ad¬
ministration, has announced that
the Board will receive sealed bids
until 3 P.M. on May 22, at his
22,000
for the pur¬
24,000
ofifce in Tallahassee
Dated July
tion $1,000.
Principal and inter¬
payable at the First National
Bank, > Orlando.
Bonds to bear
interest expressed in multiples of
Bonds
price
highest
right
unqualified
at
will
thereon
and to
The payment
the
Bridge Districts and an ad¬
ditional pledge of the Districts'
distributive share of
cents per
line
gallon
a
tax of two
sales of
on
gaso¬
other like products of pe-
or
accruing
troieum
under
Section
16°oT2rtfe?eIXgoAteCoSnTt!^
H
5/ HAn
p
■fhS *erms
the, S-ml
Qttti
nlo
-ls
a°neriod of^vears
q
A
of
from^Jan^T
With
sajd
tax
for
neriod
a
from Jan-
years
sa^d constitutional providurjng said peri0d. The bonds
lowest
°fe ?
interest cost
after
de-
the premium, offered, if
any*. .. Interest on the premium
if any, will not be considered as
deductible in determining the net
interest cost.
In determining the
net interest cost, interest will be
computed to the maturity date
from July 1, 1945.
Said bonds
will be issued and sold by the
ducting
Stqte Board of Administration, a
body corporate composed of the
Governpr, Comptroller and Treas¬
urer pf the State, created and ex¬
isting under Section 16 of Article
IXjOf the Constitution of the State,
and pursuant to the applicable
statutes of the State and a resolu¬
tion duly adopted by said Board,
and iviil be validated by judicial
decree.; Reference to said Consti¬
tutional provision, / statutes 7 and
resolution may be had for a more
detailed description of said bonds.
The approving opinion of Giles J.
Patterson, of Jacksonville, to the
;
that
such
bonds
are
valid
and legally
binding obligations of
the State Board of Administration,
acting for and on behalf of said
County and if requested, a copy
ofthe .transcript of the proceed¬
ings involved will: be delivered
to
the
purchasers
without charge.
fied
bid
check
for
of said
Enclose
2%
of
a
the
bonds,
certi¬
bonds
for, payable to the State Board
of ^Administration.
checks
require
Certif ied
Documentary
Stamp Tax at the rate of 10 cents
per
$100
or
fraction thereof. Sep¬
arate bankable remittances should
I
cost
terest
after
the lowest in-
deducting
premium offered, if
any.
premium> jf
any)
on
ke considered
as
the
Interest
will not
deductible in de¬
termining the net interest cost. In
determining the net interest cost,
interest will be computed to the
maturity dates from July 1, 1945.
School
Dist. No.
Spec. Road and Bridge
Dist. No.
Nunda
Township (P. O. Crystal
Lake), III.
Bond Election—An issue of
16, aggregating $5,500.
Plans
Special Tax School
Sumter County
Districts, Fla.
Call—G.
B.
Tompkins,
Bond
has
Superintendent
County
Districts,
an¬
17, 19
Dist. No. 4 bonds Nos. 16,
20, to the amount of $4,000.
bonds Nos. 38 to 40,
Dist. No. 7,
44
to
48,
the amount of
to
Due July
present said bonds
the Central Hanover Bank &
New York City, for
payment with July 1, 1945 and
subsequent coupons attached. In¬
Trust
Co.,
terest
ceases
date called.
on
Hancock
IX of the
Constitution
of
plicable statutes of the State and
resolutions
duly adopted by said
Board, and will be validated by
judicial decree.. Reference to said
Constitutional
provision, statutes
be had for a
description of said
and resolutions may
detailed
more
bonds.
The
approving opinion of
Giles J. Patterson, of Jacksonville,
to
the effect that such
valid
and
tions
of
bonds
are
legally binding obliga¬
the
ministration.
State
Board
of Ad¬
the
to
voters
be held
Perce
Sch.
Bond
on
at the
elec¬
June 8.
County Independent
No. 1, Ida.
—
Two bonds of
an
3%
of
gymnasium bonds,
Nos. 23 and 24, are called for pay¬
ment on June 1, at the American
Bank
&
Trust
Co.,
Lewiston.
Dated Dec. 1, 1941.
to
the
—
voters
issue
an
These bonds
as
follows:
in 1946, and $20,000 in
1960.
The next highest
due
$1,000.
June
on
$10,000
to
bidder
Northern
was:
Chicago,
1,
7/ss,
for
100.06.
at
<
will
authorize the
election
an
to
calling of
submit
a
special
the
to
voters
issue of court house bonds.
Relative
as
the
to
Guaranty
City:
City Treasurer
Trust Co., New
100.153
1
100.888
100.37
above
lYa%,
or
the
York
aggregating
Library, iy4%, aggregat¬
ing $450,000.
' -77
Municipal- Tuberculosis Sanitorium, 1%%, iy4%, aggregating
$595,000.
Poor
Relief, iys, iy4%, aggre¬
gating $1,200,000.
Judgment Tax, iy8%, aggregat¬
An issue of
ceases
on
date
and
Savings
publicly offered
of $290,000 of Ur-
issue
at
1946-60,
prices
yield
to
from 0.30 to 0.90% and the bank¬
ers
favorable buyer
leaving only $30,000
reported
a
re¬
of
day.
bonds
The
bankers
at
called.
were
sold
was
of The
Trust
Company, CrutCompany, and 'Demp& Co., offering 100.06 for the
tenden
sey
on
Second bid¬
group composed
a
Northern
the
to
sale
weekend
a
their bid of 100.079.
der
&
interest rate.
Other
bidders
included: The First National Bank
of
Chicago, 100.1517 for 0.90s;
Halsey, Stuart & Co., Inc., 100.888
ls, and Blyth & Co., Inc.,
for
100.0372 for
a
1% rate. |
Last week this issue
was
offered
for sale, but the district rejected
all bids after their indecision over
the
relative merits
ern
Trust's
the
bid
tendered
100.278
of
of the
the
bonds
bid, if
Sch. Dist.
No.
Ill
Bonds Offered for Investment—
$125,000 23/4% school
site and building bends are being
certified .check
for
2%
of the offered for public subscription by
bonds bid for, payable to the State the firm of
Doyle, O'Connor & Co.,
Board of Administration.
Certi¬ of Chicago. Dated Dec. 1, 1944.
fied checks require Documentary Denomination
$1,000. These bonds
Stamp tax at the rate of 10 cents are due on Dec. 1, as follows:
per $100.
Separate bankable re¬ $5,000 in 1946 to " 1951, $6,000 in
mittances for such tax such ac¬ 1952 and 1953, $7,000 in 1954 to
company each such check if tax
1962, and $10,000 in 1963 and 1964.
stamps are not attached.
Principal and interest (J-D) pay¬
determined by
to
their
maturity
and
No bid for less than
value of said bonds in¬
par
cluding accrued interest from the
date of
said
delivery
named
bonds to the date
of
thereof,
at
the
rate
in the
bid, will be consid¬
Principal and interest pay¬
able at the City Treasurer's
office
ered.
Said bonds will be issued and
of¬
fered for sale under and
pursuant
to the provisions of an act of
the
General Assembly of the State
en¬
titled
"An
nicipal
March
Act
concerning
Corporations,"
Mu¬
approved
6, 1905, and all laws amen¬
thereof and supplemental
datory
thereto, and particularly all acts
concerning aviation fields or air¬
ports pertaining to cities of the
first
class.
Enclose
a
certified
bonds,
pay¬
City.
Additional Offering—Mr. Hick¬
also will receive sealed bids
at the
time for
same
$100,000 not
Sanitary District
exceed 4V2%
to
bonds.
Dated June 1,
tion
$1,000.
1947 to
be in
not
1945.
Denomina$5,000 Jan. 1,
Due
1966.
Rate of interest to
multiples of y4
than
more
named
of 1% and
shall be
rate
one
by each bidder.
The bonds
to be awarded to the
der
who
has
duly
highest bid¬
qualified and
has submitted his bid in accord¬
with the notice of sale.
ance
highest
bidder
will
be
The
the
one
who offers the lowest net interest
cost to the Board of Public Works
and
Sanitation
puting
the
bonds
said
of
Sanitary
interest
total
to
their
all
on
maturity and
deducting therefrom the premium
bid, if any.
No bid for less than
the par value of said bonds, plus
accrued
interest
to
of
date
de¬
livery at the interest rate named
in; the bid, will be considered.
Principal and interest (J-J) pay¬
able at the office of the County
,
Treasurer/-
bonds shall not
Said
in any respect be a
corporate ob¬
ligation of the City of Indianapolis
but shall be and constitute an in¬
debtedness to the Sanitary
as
special
a
said
bonds
shall
interest
and
District
district, and
taxing
thereon
be
payable only out of a
special tax to be levied upon all
property in said Sanitary
District,
provided by law, which terms
shall be recited on the face of said
for
100.028
bonds, together with the purpose
for which issued. Said bonds
0.90s
for
bid
0.875s
by Cruttenden & Co.
Wabash County Road District No.
2 (P. O. Mount Carmel), III.
V
der and
of
bly
of
/Bond
man,
INDIANA
acts
Offering—Roy E. Hick¬
City Controller, will receive
sealed bids until 10 A.M.
on
June
1, for the purchase of $500,000 air-
Indiana en¬
of
and
amendatory
troller.
>«•
-
>'V ..i •/'.'•
7.
•••'ip
•'
I
Ladoga, Ind.
Bond
D.
Foster,
Clerk-Treasurer,
ceive
000
Offering—Ira
will re¬
sealed bids until 8 P-rm?n
8 for the purchase of $39,-
Town
sewage
revenue
refunding
inter¬
bonds, not exceeding 4y>%
*
*'
Dated
"
V;;V'
*-
April 1, 1945.
Denomina¬
April 1, iy/D'
April 1, 1946 to
1974.-No bid for less than par
value of said bonds including in¬
terest from the date thereof to t
$1,000.
optional
date
Indianapolis, Ind.
State
thereof and
supplemental thereto.
Enclose a
certified
check
for
3% of the
bonds, payable to the City Con¬
all
tion
7:7;7
the
etc., approved March 9, 1917,
approved
,
General Assem¬
titled,: "An Act Concerning the
Department of Public Sanitation,
est.'
as to legality by Charles
Trauernicht, of St. Louis. Dated
April 15, 1945.
provisions
pursuant to the
Act of the
an
Legality Approved—An issue of
$10,000 3 V2 % road bonds has been
&
shall
be issued and offered for sale un¬
June
(P. O. Argo), III.
City,
any.
North¬
said
County
the
computing the total interest on all
deducting therefrom the premium
as
and
ing $250,000.
Interest
:,.
yesterday
ception,
$7,400,000.
Public
award,
advices of May 15
bana-Champaign sanitary district
0.875% coupon rate sewer bonds,
same
Corporate,
Price Bid
1
Trust
Harris
new
due
to
cost
the
the- issue unsold at the end of the
Chicago, III.
bank to the
were as
0.90
follows: ;^.;
11, the County Supervisors
meet, it is understood, to
of
of
Chicago
a
on!
highest bidder shall be the
Who offers the lowest net
interest
District to be determined by com¬
Int. Rate
Bank
Halsey, Stuart & Co., Inc.
Blyth & Co
Bank
bond!
highest
bid in accord
with the notice of
sale
ThI
;
National
The
Co.,
price
Other bids for the issue
noted
Adams County (P. O. Quincy), III.
Bond
Issuance
Planned — On
Trust
a
^
tion bonds.
ILLINOIS
1, 1945. De¬
Dated June
press
June
Sanitary
Champaign
Chicago
proceedings involved will be de¬
to the purchasers of said
bonds, without charge. Enclose a
livered
acting
and
nomination
Of
the
duly qualified and
man
of Chica¬
go, and Hurd, Clegg & Co., of
Champaign, jointly, as 7/ss, at a
price of 100.079, a basis of about
A
and
shall be
The
submitted his
ance
on
Trust & Savings Bank,
1947
bidder who has
has
1%.
one
able to the
held
be
to
lt-Tles o£ 1/4 °f
than
rate
more
check for 2V2% of the
June 4.
are
not
J®n
voters
the
to
$100,000 county hospital construc¬
Cook
of
election
the
at
First
Planned
petition is to be placed in circula¬
tion
calling for an election to
submit
submitted
be
x~
Rate of intere
t to
bonds
hospital
Bidder—
Weiser), Ida.
Election
will
of
issue
An
—
county
follows:
(P. O.
Washington County
Bond
Election
Bond
$375,000
0.865%.
District
Call
O. Rock
(P.
County
of
issue
IDAHO
for and on
Special Road and
Bridge Districts and, if requested,
a
copy of the transcript of the
behalf
Island
Rock
May 9—V. 161, p. 2156—
have been awarded to the. Harris
City Comptroller, called for pay¬
ment on May 14, the following
1944
tax
anticipation warrants,
amounting to $9,895,000; to be
paid on presentation through any
the State, and pursuant to the ap¬
early date, it is reported.
an
success on
bonds will be sub¬
road
tion to
issue
election, which may not be at
eral
(P. O. Urbana), III.
Bond Sale—The $290,000 sewer
bonds
offered for sale / without
Election—An
Bond
$40,000
special or gen¬
voters at the next
O. Sparta),
(P.
County
the
to
submitted
be
District
Ga.
Nez
will
bonds
The
--
sanitorium
municipal
$450,000
Urbana
GEORGIA
mitted
Rockford, III.
Planned
Election
Bond
Island), III.
by the State Board of Administra¬
Article
future.
Holders shall
at
the near
election to be held in
an
7
1, 1968.
the voters at
will be submitted to
$8,000.
1, 1938.
construction bonds
ev
Denomina
Due $25,000
named by each bidder.
will be awarded to
the
$165,000 road
called for
are
Interest ceases on date
the fol¬
nounced that the bonds of
Warrants Called—R. B. Upham,
body corporate composed
of the Governor, Comptroller and
Treasurer of the State, created by
and existing under Section 16 of
is
Treasurer,
1, 1942.
Said bonds will be issued and sold
tion, a
Ball,
calling for
M.
Call —Arley
'
pe awarded, to the bidder
whose bid produces
effect
so
Proceeds thereof from the opera-
^proceeds /itri^reof t|on
fro|n the operation of said^consti- | gion
tut^nalprwismn will .be awarded I
during said pe-1
node.-The bonds
♦S
the
of
1943> and is
J Prohibited from withdrawing the
the
drawing
reqUjred to continue the levy
III.
School District No. 212,
called.
which the Legislature of the State
nf
of Which tbp T pgisin
which the Leg sla-
Community High
Ley den Township
Dist. No.
*i°n of tbe State, by the terms of
tof the State is required to
ture
or
approved by
Wetten, Pegler & Dale, Chicago.
Dist. No.
and
two
of
sales
all bids. The
any or
pledge of the full faith, credit and
taxing power of the Special Road
distributive, share of a
cents per gallon on
gasoline or other like
County's
reject
best bidder
rate
to
as
Legality
Spec. Road and Bridge
or
par,
payment of said bonds and the in¬
terest thereon will be secured by a
pledge of the full faith, credit
and taxing power of said County,
and : an additional pledge of said
tax,of
at
3% when sold to the bidder
will pay the highest price
determine who is the
interest
secured by a
be
sold
when
therefor, the Board reserving the
exclusive and unqualified right to
,
and
bonds
said
multi¬
interest in
bear
to
who
who is the best bidder and to re¬
of
1957.
obtainable
therefor, the
exclusive and
to determine
ject .any or all bids.
1,
ples of %, one-tenth or one-twen¬
tieth of 1%, at the lowest rate
y4, oneTtenth on one-twentieth of
1%, at the lowest rate obtainable
when gold at par, or at 3% when
sold ,to the bidder who will pay
Board reserving the
1, 1945. Denomina¬
These bonds are due
limitations
out
amount.
12, aggregating $24,000.
Spec. Road and Bridge
15, aggregating $6,000.
Dated July
Principal and
interest payable at the Florida
National
Ban k,
Jacksonville.
July
on
est
the,
12.
District with¬
property in the
able
10, at the Northern Trust Co., Chi¬
cago. These bonds are dated April
and
bridge
and
road
special
district No.
taxes
not
Dated June 1, 1945.
payable from ad valorem^ tion $1,000.
levied against all the tax¬ 1946 to 1965.
trict,
payment on October 1, the Town¬
ship's refunding bonds, Nos. 1 to
10, aggregating $31,000.
port development bonds,
ceedine 5% interest.
_
Dist. No.
Spec. Road and Bridge
bridge
and
opinion of Counsel, are full
and direct obligation of the Dis¬
in the
Bond
3, aggregating $22,000.
Spec. Road and Bridge
and
road
special
district No. 9.
The above bonds,
able at Chicago.
funding bonds:
and bridge
special road
30,000
of
1945, coupon- refunding bonds.
Dated July 1, 1945.
Denomina¬
tion $1,000.
Due July 1, as fol¬
lows; $115,000 in 1963, and $116,000 in 1964.
stitution, has elected to call and
redeem on July 1, at par plus ac¬
crued interest, the following spe¬
cial road and bridge districts, re¬
payment on July 1:
district No. 3.
$231,000 SB A, series
chase, of
10.
Section
State Con¬
16 of Article! 4 of the
and bridge lowing
$31,000 special road
M. Lee, Sec¬
Notice—J. M.
County, by virtue of
the
on
of
/
^Offering—J.
in Tallahassee, until
Bond Redemption
Lee, Secretary of the State Board
of Administration, has announced
that the said Board, successor to
the Board of Commissioners of
May 22, for the pur¬
chase of the following SBA, series
(P. O. Orlando),
Fla.
P.M.
3
County Commissioners.
Orange* County
his office
at
the Board of
to
Sec¬
retary of the State Beard of Ad¬
ministration, has announced that
May 29,
Chicago, on or prior to
Road and
Bridge Districts (P. O.
County Special
1
Monday, May 21, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2272
of
delivery
no
any
will be c(?ns*
right is reserved
and all bids; in the
ered. The
ject
Due
$1,000
to r
ev
satisfactory bid is receded
and on the date hei
the time
THE COMMERCIAL &
FINANCIAL CHRONICLE
Number 4387
161
Volume
J:y'
2273
—
the sale shall be
fixed
continued
from'the date thereafter until
a
bid has been received.
satisfactory
bonds are being issued for
the
purpose of refunding
outctanding Sewage Works Revenue
Said
York.
City- Corporate Stock, and
$104,000 4, 4V4 and 4V2%, Yonkers,
Y., school and debt equaliza¬
of
tion issues.
-
■
'
-
.
interest to
be in multiples of
Principal and interest
V\ of 1%.
N.
payable at the National Bank of
Detroit.
Payable solely from the
-
of the water supply sys¬
and the bonds are issued
lows:
$13,000 in 1946 to 1956, and
$7,000 in 1957.. All bids must be
basis of about 1.04%. Dated-June
unconditional.
bonds
livered
revenues
the
to
purchaser within
days after sale at Minneapolis
30
tem,
MARYLAND
Bonds will be de¬
or
St.
Paul.
Prin.
and
interest
pursuant to the provisions of Act payable
delivery of said
Cumberland, Md.
at
the
First
National
Bonds Authorized—On
Sewage Revenue Refunding bonds
May 7, No. 94 of the Public Acts of 1933, Bank, Minneapolis.
The printed
is conditioned upon the Town be¬ the City Council passed on final as amended, and Ordinance No. bonds and the
approving opinion
ing able to have
deposited for reading the ordinance calling for 3, adopted April 19, 1945. The of Dorsey, Colman, Barker, Scott
rjayment the i now :; outstanding the issuance of $200,000 street im¬ bonds will be awarded to the bid¬ & Barber, of Minneapolis, will be
der whose bid produces the lowest furnished the
bonds. The bonds will not be an provement bonds.
purchaser without
interest cost to the Township after cost.
obligation of the Town, but will
Enclose
a
certified
check
North East, Md.
deducting the premium offered, if for $1,000, payable to the District.
be payable solely and only from
Bonds Voted—An issue of water
any.
Interest on premium shall
the net income of the municipal¬
and sewer system bonds was fa¬
not be considered as deductible in Koochiching County Indep, School
ly owned sewage works system.
vorably voted at an election held
Dist^Na. 4 (P. O. International
determining the net interest cost
The opinion of Chapman & Cutler
recently.
Falls), Minn. '
and interest on bonds will be com¬
of Chicago, approving the legal¬
Bonds Purchased—An issue of
puted from May 22, 1945, to the
ity of said bonds will be furnished
MASSACHUSETTS
and the
bonds
successful bidder at the ex¬
of said Town.
The bonds
ready for delivery and
must be taken up by the pur¬
chasers within 15 days after the
date of sale.
Enclose a certified
check for $1,000, payable to the
respective
to the
pense
be
will
1
Town.
.
V. ■;;
IOWA
Burlington, Mass.
Note
Sale
—
The
bonds.
notes offered for sale
porary
cently
were
tional
awarded
to
Shawmut Bank
of
re¬
ered.
Na¬
the
maturity
dates
of the
No proposal for less than
bonds will be consid¬
the
upon
Bids
the
shall
be
conditioned
unqualified
opinion
of
of
Boston, Claude H. Stevens, of Berry &
atVa discount of 0.37%.,
These Stevens, of Detroit, approving the
notes are due $30,000 on Nov. and legality of the bonds, > The cost of
Dec. 20, 1945. The only other bid¬ such opinion and the
printing of
der
the First National
was
Bank, the bonds
Township.
Boston, at 0.45%.
lotva Falls, la.
all
$60,000 tem¬
be
paid by the
In the event that prior
delivery of the aforesaid
the income received by
the
to
shall
airport
Taunton, Mass.
Note Sale—The $200,000 tempo¬ bonds,
offered for sale on May 14
private holders from bonds of the
_v.
161, p. 1931—were awarded rary notes offered for sale on May
same type and
character, shall be
to the Carleton D. Beh Co., of
14, were awarded to the First Na¬
taxable by the terms of any Fed¬
pes Moines, as 1V4S, at a price of tional Bank of Boston, at a dis¬
Bond Sale—The $25,000
bonds
100.12,
about
basis of
a
1.23%.
Denomination
Dated May 1,1945.
count
of
1945.
These bonds are due on
Nov.
1, as follows:
$2,000 in
1847, $1,000 in 1948 to 1950, $2,000
in 1951, $1,000 in 1952 and 1953,
$2,000 in 1954, $1,000 in-. 1955,
$2,000 in 1956,
$1,000 in 1957,
$2,000 in 1958, $1,000
in 1959,
$2,000 in 1960, $1,000 in 1961 and
$2,000 in 1962 and 1963. The next
$10,000
highest bidder was the Iowa-Des
eral
Dated May 16,
Denominations
$25,000,
National
Moines
&
Bank
Trust
are
due
highest
County
9.327%.
LOUISIANA
bonds
Springs, La.
Election-• An
issue
gas
and
water
will be submitted
voters at
an
of
system
to
the
election to be held
on
Ripley
to
District and Ward No* 8 (P. O.
.Bastrop), Lav1
:r;
0.37%
whole
—
The
Board
$35,000
National
Second
Bank,
1 V» 1o
&
Co
100.047
v/2
100.00
%
Kenneth" b!"gIh &"Co~~"
100.07
ment
Warren
and
Clinton
Town-
July 1, the City's 2% public im¬
provement
accrued
interest
1> 1942
any
but
in
the
par and
time after
June,
1942,
the
Board, with consent of owners
and holders of
90% of the bonds,
adopted
a
plan for redeeming the
ponds by July 1, 1950, and reduc¬
ing the interest rate to
2%.
bonds
Co., refunding bonds
reports; the 2% citywas $4,356,501
general fund receipts
IS
of
total
$12,973,625.
Pari-American
'
i^
Life
.
.
.
/
when
Said
presenting same for payment.
Tenders
Wanted
—
Trust
tificates
Dec.
of
,
Co.
Detroit,
ceases
on
Bond Sale—The
for payment.
date called.
Le Sueur
the
election
held
on
County Independent Sch.
awarded
offered
for
sale
on
161, p. 2157—were
v.
to
the
First
National
Bank, of Minneapolis,' as 0.95s, at
price of 100.19, a basis of about
0.916%. Dated May 1, 1945.
De¬
nomination $1,000, one for $500.
These bonds are due on July 1, as
a
follows:
and
$6,000
in
1946- to
1954,
$7,500 in 1955. The next high¬
est bidder
Northwestern Na¬
was
tional
at
a
$55,000 refund¬
cer¬
ing bonds offered for sale on May
161, p. 2157—were award¬
ed to Paine, Webber, Jackson &
15—v.
Offering
—
Sherman
Curtis, of Chicago, as 1.10s, at a
price of 100.032, a basis of about
1.093%. Dated Dec. 1, 1944, De¬
nomination $1,000.
These bonds
are
due on Dec. 1, as follows:
,
$12,000 in 1946, $7,000 in 1947 and
1948, $3,000 in 1949, $4,000 / in
1950 to 1952, and $14,000 in 1953.
The next highest bidder was J.
M. Dain & Co., for 1.20s, at a price
L.
Bunnell, Township Clerk, will re¬
sealed bids until 8 P.M.
May 22, for the pur¬
$50,000 water supply sys¬
on
of 100.13.
'
tem coupon revenue
,
I
Denom.
are
due
$1,000.
June
on
-These
1,
fol¬
$3,000 from 1946 to 31951,
incl., and $4,000 from 1951 to 1960
as
lows:
inclusive.
der
was:
The
next
highest bid¬
Park-Shaughnessy & Co.
MISSISSIPPI
,';f
'
Charleston Separate School Dist.,
Miss.
Bonds
Sold—An
issue
of
$12,-
000 2% construction bonds offered
for sale recently was
awarded to
Co., of (Mem¬
phis, at a price of 100.154, a basis
of about 1.978%.
Dated April 1,
M.
A.
Saunders
1945.
&
These
bonds are duev on
follows: $500 in 1946
and 1947, $1,000 in 1948 to.;l955,
and $1,500 in 1956 and 1957.
Legal¬
ity approved by Charles &.;Trauer-
April 1,
as
Coahoma
Dist. No. 1 (P.O. Le Sueur), Minn.
Bond Sale—The $61,500 refund¬
ing bonds
May 15 —
1945.
nicht, of' St. Louis.
Bank, Minneapolis, for Is,
price of 100.41.
County (P. O. Clarksdale), Miss.
'
U
Bond Offering—T. F.
Clerk,
Chancery
that
he
until
2
will
P.
has
M.
Logan^ Jr.,
announced
receive
sealed
bids
June
4, for the
purchase of $57,000 general county
bonds.
Dated July 1, 1945. ' These
on
bonds
are due on July
1, as fol¬
$5,000 in 1947 and 1948, $15,000 in 1949, and $32,000 in 1950.
Rate of interest and place of pay¬
lows:
ment will be fixed
at the time of
sale.
Legality to be approved; by
&
Trauernicht,- :6f
St.
St. Louis.
A good faith deposit Of
$500 is required.
Charles
<•
Murray County (P. O. Slayton),
Mississippi (P. O. Jackson), Miss.
Minn.
Bonds Offered—C. D. Peterson,
County Auditor,
received
sealed
bids until 10:30 A. M.
for
the
on May 18,
$75,000 re¬
bonds, at not ex¬
purchase
funding
coupon
of
ceeding 2% interest.
Dated May
1, 1945. Denomination*$1,000. Due
$25,000 May 1, 1946 to 1948.
No
split rate bidding, v No bids for
less than par will be considered.
Bids to be on forms furnished by
District
Clerk,
received
sealed
bids until 8 P. M. on May 18, for
the purchase of $39,000 coupon re¬
funding bonds, at not exceeding
Dated June 1, 1945.
2% interest.
Denomination $1,"000. Due Decem¬
ber
1,
as
follows: $3,000 in 1946.
and $4,000 in 1947 to 1955. Rate of
interest to be in multiples of V\ or
one-tenth of 1%.
No bid for less
than par will be considered. Prin¬
cipal and interest payable at
bank
suitable
or
trust
any
company
Bond Offering—Greek L. Rice,
Secretary of the State Bond Com¬
mission, will receive sealed bids
until 10 A. M. on May 24,- tot the
purchase of $1,812,000 sixth series,
highway refunding coupon'bonds.
Dated June 1, 1945. Denomination
$1,000. Due $312,000 Aug. 1^1961,
and $500,000 Feb. and Aug. 1J1962,
and Feb. 1, 1963.
The bonds are
redeemable at the option 'of the
State, in inverse numerical'Order,
on Aug. 1, 1950, or on
any interest
payment
and
date
thereafter/'at
accrued
par
Bidders
interest.
shall
specify the rate or rates'of
interest in multiples of V4 ot onetenth
of
1%.
Each
bidder
must
agree to pay not less than par plus
accrued interest to Aug. 1/ 1945.
Principal and interest payable at
State Treasurer's office,dor at
thO Chemical Bank & Trust Co.,
New York.
Payable as to' both
principal and interest from1 such
portion of the gasoline or mdtor v
fuel tax levied 1 by ' the Statef as
may be necessary &nd fully suf¬
the
ficient
for
such"
purpose^ ifP'Ac¬
with the
cordance
definitions
provisions 1 and
contained
in Chapter
130, Laws of Mississippi, 1938. Un¬
der the terms of and as permitted
by the act, the bonds, together
with the other bonds authorized,
issued and permitted undhr ■ the
.
designated by the purchaser. The
approving opinion of Dorsey, Col¬
man, Barker, Scott & Barber, of
Minneapolis, will be furnished the
purchaser.
Taylor Falls, Minn.
Bond
Offering—Albert Amund-
son, Village Clerk, has announced
that
he
will
receive
both
sealed
act, enjoy a prior pledge <jf ,(such
portion of the revenues as fti&y be
necessary for the prompt payment
of the principal of and interest'on
the bonds, and it is recited, Cov¬
enanted and
agreed that the tetxes
to the amount necessary as
afore¬
said, shall be irrevocable UrttiTall
of
the
Dec.
have been paid, in
principal and interest.
It is anticipated that the 1 bonds *
will be ready for delivery on} or
about 30 days from the date!f of
sale, and bidders may take deli¬
be the
very
as
soon
as
the bonds ["are
ready for delivery, but must' agree
to accept delivery of the bonds
not later than Aug. 1, 1945. Regis-
and oral bids until 8 P.M.
indebtedness,, dated
ceive
chase of
Co.,
Columbia Heights, Minn.
bur-
i
1944.
28,
certificates
MINNESOTA
30, 1939, issued in the name
Bond
and
R.
Paul
May .22, for the
chase of the Township's 3%
on
bonds
Interest
Schreiber, District Secretary, will
receive sealed tenders until 8 P.M.
(EWT),
non-
bonds at not Hennepin County Indepi CorisoliThe
Pan-Ameri- exceeding
3%
interest.
Dated dated School District No. 85 (P. O.
Mound), Minn.
1W A
Insurance Company, of May 1, 1945. Denomination $1,000.
Bond Offering — L. C. Dodds,
$1,000
W Prleans, on May 9, sold 86 Due March 1, as follows:
£?<# various State and Munici- in 1948 to 1953, and $2,000 in 1954 School Clerk, will receive both
sealed and oral bids until 8 P.M.
WhiS?n included
-S amc}unting to $2,024,500^ to 1975. Subject to redemption
$989,000 3 and at the option of the Township, on on May 21 (today), for the pur¬
Jv ! State of Mississippi high- 30 days', published notice, on any chase of $150,000 refunding bonds,
of
A^i?nds' $59M00 31/4%, State one or more interest payment at not exceeding 2% interest.
bonHe
highway refunding dates, in inverse numerical order, Dated May 15, 1945. Denomina¬
ds, $174,000, 4 and
Due July 1, as fol¬
4*74%, New at par and accrued interest. Rate tion $1,000.
.
at
Nov.
should be delivered to the Detroit
Farmington Township School Dist.
(P. O. Farmington), Mich.
(EWT)
Insurance
(New Orleans), La.
following
outstanding).
Due July 1,
1947, subject to redemption prior
to maturity at par flat.
and West BloomSales Tax Productive— field Townships, Fractional School
the
city sales tax contributed District No. 6. The amount avail¬
Jnore than 40% of the income of able for purchase is $3,000.
4?e wty's. general fund in 1944, Nankin Township> (P. O. Inksterd),
the
Municipal Finance Officers
Mich.
association
eoiiected sales tax
the
1,
pay¬
interest bearing (all
Dated July 1, 1937.
are
of Farmington
Local
July
on
for
Certificates of Indebtedness
Dated Nov. 1, 1940.
due on June 1,
1961 and 1962.
Interest coupons
These
1900 for construction of the
City's must, accompany these bonds
Under the original
plan
bonds were callable at
calls
Treasurer
Refunding bonds 1941, Nos. 120
to 126, to the amount of $7,000.
Dated Aug. 1, 1941.
Due July 1,
1967, subject to redemption at par
and accrued interest prior, to ma¬
turity.
Nos. 47 to 51.
,
11
bonds and certificates:
Erin,
Detroit Trust
,
in
in part and if no tenders
or
District
retary of the Board of Education,
,
tenders
R. F.
calls for payment on June 1, on
which date interest ceases, at the
sewage, water and drainage sys¬
tems.
.
.
all
or
received, the bonds and
No.
Ripley & Co.,
Phillips,
amounting to
$1,400,000, part of an original issue
of
$12,000,000 4% bonds issued in
any
School
Township School Dist.
(P. O. Birmingham)
D.), Mich.
Bond Call—James M. Campbell,
100.079
1V2
Boston
Secretary Board of Liquidation,
City Debt, calls for payment on
,
reject
The
18.
the right to accept
Southheld
(P. O. Fraser), Mich.
Bond Call—Peter Sander, Sec¬
bonds
to
recently awarded to the State,
These are the bonds au¬
par.
v.
—
ships Fractional Sch. Dist. No. 1
Orleans, La.
Call—Horace P.
at
thorized
the County. Principal and interest
on redeemed on
June 16.
payable at a place to be designated
161, p. 2156—were
bjr the purchaser. The approving
awarded to
Whiting, Weeks & Royal Oak Township School Dist.
opinion of Dorsey, Colman, Barker,
No. 7, Mich.
Stubbs, of Boston, as V2S, at a
Scott & Barber, of Minneapolis,
No
Tenders—Edward
Parkin,
price of 100.19, a basis of about
will be furnished the purchaser.:
0.44%. Dated May 1, 1945. These Secretary of the Board of Educa¬
noties are due $7,000 on May 1, tion, has announced that no tenders Sibley County Independent School
from 1946 to 1950 inclusive. Other were received as a result of the
Dist. No. 19 (Pt. O. Gaylord),
call on May 14, of series A, re¬
bidders were as follows:
Minn.
funding bonds, dated Sept. 1, 1937.
Eidders—
Bonds Offered—H. A. Knobel,
Int. Rate Price Bid
nicipal notes offered for sale
May 16
.
Bond
1
reserves
cer¬
tificates may be recalled at par by
lot.
All tenders accepted will be
mu¬
MICHIGAN
recently, according to report.
June
on
Nos.
or
Sale
until
16, for the pur¬
of refunding bonds, Nos. 1
37, and certificates of indebted¬
0.345%
Note
tenders
sealed
chase
& Co.,
ness
*.
Bonds Voted—An tissue of $75 ,000 construction bonds was voted
New
P.
Merchants National Bank,
Boston
0.34%
Harriman
Morehouse Parish, Collinston Sch.
-
M.
0.338%
Harriman
Weeden
May 29, it is stated.
.
8
are
Cooper, Super¬
intendent, City Gas System, calls
for payment on August 1, revenue
bonds Nos. 35 to 40, and 43 to 47.
This call redeems all outstanding
bonds of the system.
Bond
Rate
Watertown, Mass.
Bond Call—C. R.
$65,000
receive
Bidder—
Paintsville, Ky.
Abita
will
Interest
Leavitt & Co.—
KENTUCKY
hereafter
was
the Board of Education,
rector of
lows:
Goldman, Sachs & Co.,__
Co., for IV4S, at a price of 100.08.
law
tax
adopted by Congress, the success¬
ful bidder may, at his election, be
and $5,000.
These notes relieved of his
obligation.
on Nov. 15,1945. The next
bidder
was:
Bristol Oakland Township School District
No. 2, Mich.
Trust Co., Taunton, at
Tenders Wanted—F. J. Voll, Di¬
Other bids were as fol¬
Inc.
$1,000.
income
0.324%.
$175,000 2lk% construction bonds
1,
on May
21, for thfe purchase of $19,000
refunding bonds, at not exceeding
1%%
interest.
Dated
June
1,
1945.
Denomination $1,000.
Due
1, as follows: $2,000 in 1947
to 1955, and $1,000 in 1956. Rate
of interest to be in multiples of
J/4 or one-tenth of 1 % and must
same
for all of the bonds.
No bid for less than par will be
considered. Prin. and int. payable
at
suitable bank or trust
designated by the pur¬
chaser. The printed bonds and the
approving opinion of Dorsey, Col¬
man, Barker, Scott & Barber, of
Minneapolis, will be furnished the
purchaser without cost. Delivery
will be made within 40 days after
any
company
aoceptance of bid. Enclose a cer¬
tified
check
for $380,
bonds offered for sale on
161,
p.
Kalman
1.10s,
at
airport
May 14
1932—were awarded
Co., of Mineapolis,
&
a
price
to
terable
as to principal.
The'ap¬
proving
opinion
of
Charles
&
Trauernicht, of St. Louis, to the
effect
and
the
that
of
the
bonds
are
valid
legally binding obligations of
as afore¬
will be delivered to the pur¬
State, payable solely
said
chaser without
certified
check
charge. Enclose a
for
$36,000/ pay¬
able to the State Treasurer.
Pike
<
County (P. O. Magnolia,),
Miss.
h-y'-'r
,
Purchased—An
issue of
1%% funding bonds has
purchased by the First Na¬
tional Bank, of McComb, at par.
Dated Oct. 15, 1944.
Legality ap¬
$47,253
Tracy, Minn.
as
bonds
Bonds
Bond Sale—The $54,000
to
as
payable to
the Village Treasurer.
—v.
full
100.48,
a
been
proved by Charles &
Of St. Louis.
Trauernicht,
j-
K
Nebraska City,
Clayton, Mo.
$700,000 public
Bond Sale—The
for
offered
bonds
improvement
were
15—v, 161, p. 2157—
awarded to Halsey, Stuart &
Co.,
Central
sale on May
of Chi¬
Blair & Co., all
William
and
Co.,
Republic
jointly, as Is, at a price of
p.00.183, a basis of about 0.985%.
The bonds are described as fol¬
cago,
30%;
lows:
road and
hospital and
a
special election will be called park development bonds amount¬
at the earliest possible date to
ing to $289,000 was passed on May
give the voters an opportunity to 3, by the Board of Freeholders.
vote on the purchase of the local
election system at a base cost of New Jersey State Teachers' Pension
and Annuity Fund (P. O.
$873,000.
that
has announced
Emil Nieman
Company
bonds.
000,000 corporation, will be turned
bonds.
over
to a public power district
Dated June 1, 1945. Denomina¬ with the least possible delay, T. H.
tion $1,000.
These bonds are due Maenner, chairman of the board,
on
Feb. 1, as follows: $7,000 in has announced.
1947 and 1948, $21,000 in 1949 and
Maenner estimated that opera¬
1950, $28,000 in 1951 to 1954, $35,* tion of the
power company under
000 in 1955, $45,000 in 1956, $46,a
public body would save the
000 in 1957, $49,000. in
1958 to
citizens of Omaha and the metro¬
1961, $52,000 in 1962 and 1963, and
politan area approximately $3,$53,000 in 1964 and 1965.
The 000,000 a year compared to its
250,000 public sewers
,
150,000 public street
next
highest bidder was:
Int. Rate Price Bid
Bidders—
Co.;
G. H. Walker & Co.,
and Stifel, Nicolaus &
Co., jointly
Cook
Newhard,
&
Legislation permitting forma¬
public power district to
take over the operating company
Savings
Bank,
Chicago,
and-.'
Dempsey - Tegeler &
Co.] jointly™—
1
Trust &
Harris
100.039
Defeated—At the May 8
Bonds
rejected pro¬
the voters
election
to issue $750,000 various
municipal improvement bonds.
posal
(P. O. Clayton),
St. Louis County
Mo.
Defeated
Bonds
court
The
—
jail bonds amounting to
house and
at the
were defeated
election held on May 15.
$4,250,000
by the state legislature.
amendment to the
state's basic
public power law
which has been declared consti¬
islation
was an
tutional.
Mont.
Offering
Bond
County
of
Board
the
of
Clerk
L. T. Elliot,
—
Commisioners, will receive sealed
bids until 10 A.M. on May 28, for
purchase of $83,000 refunding
bonds, at not exceeding 1%% in¬
terest.
Dated July 1, 1945. Amor¬
tization bonds will be the first
choice and serial .bonds will be
the
'
creation
bonds are
sold and issued, the entire issue
the
22, consisting of
Carteret, N. J., bonds,
block No.
000
such
1.24%.
will be in the amount of
$16,600 each; the sum of $16,600
of the said serial bonds will be¬
they
payable on July 1, 1946, and
like amount on the same day
come
a
thereafter until all of
The bonds
each
year
such
bonds are paid.
will not be sold for less than par
and
interest
accrued
date
to
of
delivery. Enclose a certified check
for
payable
$500,
Clerk.
Rozeman),
Gallatin County (P. O.
P'■
v
equal to 15% of the number of
votes cast for governor in the
To Stroud & Co.,
Sale
—
for sale
on
were
"
May 15
—
v.
161,
air-
$132,000
The
offered
bonds
p.
1932
—
:
est
bidder
Harris
was
Trust
&
Savings Bank, Chicago, for 0.90s,
'■at a price of 100.156.
district's area.
10
at
at
To Union Trust Co., of
to the Department of
Roads and Irrigation for approval.
Then the Governor will appoint
7
and
presented
representa¬
which includes
approximately five counties in the
Omaha metropolitan district.
To Upper Darby
organization of the board
revenue
bonds for the purchase
the
of
power
company
Electric
Omaha
from the
a
Committee,
non-profit group composed
Sons, of New
$68,000 Pompton Lakes bonds,
at 115.003, a yield of 0.81%.
$207,000
Roselle > Park,
at
111.76, a yield of 0.94%.
14
To
Boland, Saffin & Co., of New
and MacBride, Miller &
York,
Co., of Newark, jointly:
6
Utility Plan Defeated—At the
May
the voters re¬
proposition which may
election
15
jected
a
have interfered with
transfer to
a
bitterly opposed
was
Mayor Butler of Omaha and
City Council (al¬
members of the
the
though
bill
approval.
The
expected to sign the
for
was
'
20
Bonds
and
of Aldermen
26
27
37
May 1 and passed on final reading
a resolution
calling for the issu¬
ance of $307,000 street, sewer park,
playground equipment purchase,
and fire department bonds. These
bonds are part of a post-war plan¬
Bond Offering—L. W.
yield of 1.69%.
Co., of
New York:
Commissioners,
he
that
rntil
will
10 A.M.
purchase
bonds.
be
the
of
has
receive
on
June
$125,000
Amortization
first
bonds will
announced
sealed
choice
be the
bids
7,. for the
hospital
bonds
and
semi-annual installments during a
period of 20 years, redemable at
time after 5 years. A certified
Check for $5,000 is required.
on
.
&
(P. O. Livingston), N. J.
_
any
Ripley & Co., Inc.,
Co., Estabrook & Co.,
both of New York; Equitable
Securities Corp., W. E. Hutton
Livingston Township School Dist.
second choice.
Principal and interest payable in
Mapiewood Township
bonds, at 120.587, a yield of
Blyth &
will
serial
$7,000
To Harriman
000 construction bonds was favor¬
ably voted at the election held
May 8.
Bonds Voted—An issue of
000
construction
bonds
„
fa¬
vorably voted at the election held
on
Jan.
16.
Co.,
Laurence
M.
Marks
jointly:
12
30
6rh■ i^!U n0t a rate nfproposal"
consider
which name
w
s
higher than the lowest rate
n any legally
acceptable
for
the bonds
wo
or
the
$19,000
to
naS
proS
be
sold;
and i
such proposals
the
more
lowest rate
nam
proposal™!
fering to accept the least
amount
of bonds (such bonds
being
first maturing
posals
and
offer
least
which
or
more
ac¬
Drn
the lowest rate 0f in
name
terest
same
the
bonds) will be
cepted, unless two
to
accept thn
of bonds in
amount
the
event
of'the
proposal
bidder
offering to pay the highest
price will be accepted. The pur
chaser must pay accrued
interest
from the date of the bonds
to the
date of delivery.
No interest
will
be
paid
the
the deposit
upon
successful
made bv
bidder.
The 'en¬
actment at any time prior to
the
delivery of the bonds, of Federal
legislation which in terms by the
repeal or omission of exemptions
or
otherwise, subjects to a Fed¬
income
eral
tax
bonds
of
at
election
the
-class
a
interest
on
or
character
which includes these bonds, will
the
the
relieve
obligation
of
the
purchaser,'
purchaser
under
from
his
the contract
of
entitle the purchaser to
and
the
amount
deposited with the
The purchaser will be fur¬
bid.
of Reed,
Hoyt & Washburn, of New York,
close
certified check for $14,000
a
West
in
Bond
Refunding Discussed
hearing
office
of
—
Public
held May 14 at the
was
the
Local
Commission
Government
plan for re¬
indebtedness of the
on
a
borough, by replacing the pres¬
ently
outstanding 4-5%
bonds
with
refunding issue of
1945, to bear 3% and mature from
a
new
on
Purpose of
refunding, it was said, is to
place the borough on a full cash
basis
and
provide for a more
orderly debt service. At a previ¬
ous
hearing on May 4, it was
pointed out that Norton P. Rogers
of Rogers,
Gordon 3& Co., New
York, owns all but $33,000 of the
presently outstanding bonds and
is willing to exchange them for
the proposed new refunding 3s.
the
Bond
Commis¬
May 7 approved the bo¬
rough's application to use $5,000
of surplus funds for the redemp¬
tion, at par, of $2,000 refunding
bonds due Oct. I, 1948, and $1,000
each maturing on Oct. 1 in 1950,
1952 and 1954.
All of the bonds
part of a general
they are
and
interest
4%
bear
refunding issue.
MEXICO
NEW
District
McKinley County School
No. 3-4, N. M.
y
Bond CaAl—T. T.
Davis, County
announced that the
County's 5J/4% District No. 3-4,
bonds, Nos. 51 to 54, amounting to
$2,000, part of an original issue of
$35,000, are called for payment on
June 1.
Dated June 1, 1930. De¬
nomination $500.
Interest ceases
Treasurer, has
date called.
on
West New Yvtki'N. J.
'
v.
.
NEW YORK
Offering—Charles Sewn-
Town
sen,
Approved-
Government
Local
sion
3
Wildwood, N. J.
Redemption
The
Somerdale, N. J.
valid and bind¬
are
payable to the Town.
favor of the former account.
Clerk,
May 23,
for
the
receive
(EWT),
purchase of
$700,000 coupon or registered rerfunding bonds, issues Of 1945, at
not exceeding 2 V4% interest. Dat¬
ed June 1,
1945.
Denomination
$1,000. Bids will be received for
(non-callable
Long Beach, N. Y.
Call—August N.
will
Bond
sealed bids until 11 A.M.
amounting to $6,000, are
called tor
payment on June 1:
Water, 5%%, Nos.
Due Dec. 1, 1951.
bonds)"
payable
June
1, 1958, $335,000
1, 1959, and $175,000 June 1,
1960, and for
(callable bonds)
payable $190,00(kJune 1, 1958,
$335,000 June 1, 1959, and $175,000
June 1, 1960, but redeemable at
Gandia.
Treasurer, has announced
that the following refunding bonds
City
166 and
167.
General, 4%, No. 133.
1, 1949.
$190,000
Due Dec.
General, 4%%, Nos.
Due Dec. 1, 1950.
295 and 29.
General, 5%%V No.
Due Dec. 1, 1952.
606.
and accrued interest at the
option of the Town, on any in¬
par
terest payment date, upon notice
to the holder thereof
given by
publishing
a
tention to
redeem the bond
designated
suitable notice of in¬
date
in
on
a
financial
a-
published in New York
City at least once, not less than
30
more
than 60 days prior
redemption date designated
in such notice.
After considering
the proposals received, the Board
of Commissioners will either
(1)
reject all proposals received or
(2) reject all proposals for the
purchase of non-callable bonds,
or (3) reject all
proposals for the
of
Principal
at
'
the
Bank,
posal
callable
and
Hudson
Jersey
submitted
bonds.
interest
payable
County National
City.
Each
pro¬
must
name
the
Princeton bonds, at rate of interest in a
multiple of
121.54, a yield of 0.84%.
one-twentieth of 1% and the rate
$211,000
Nutley
bonds,
at
^US! bemthe same for a11 of the
131.769, a yield of 1.56%.
ponds, The purchase price
speci¬
Denomina¬
1, 1933.
Dated Dec.
nft
$1,000.
"fI,
Said bonds will be redeemed
tion
100%
the
of
thereof
plus
I
at
principal amount
accrued interest
redemption date, upon surre
thereof,
with, in the case
coupon bonds, June 1, 1^45,
subsequent coupons at^cn^a'rn
on
York
New
York
of)
Frank
Comptroller, awa
Moore, State
via
(Sjote
Award—
Portfolio
ed
Interest ceas
City.
date called.
New
Trust Wj
Midland
Marine
the
nor
purchase
&
Co., both of New York, and Van
Deventer Bros., Inc„ of Newark,
$300,-
was
offer
to the
1.00%,
Glen Ridge School District, N. J.
Bonds Voted—An issue of $920,-
its
withdrew
latter
newspaper
8
V
be'a?
to
Commit"
of
June
To J. S. Rippel & Co., of Newark,
and B. J. Van Ingen &
NEW JERSEY
Dunham,
"
at 127.47, a yield of 1.64%.
$86,000 Union County Reg¬
ional High School District
No.
1 bonds, at
126.28, a
Mayor
on
a
$80,000 Highland Park bonds,
at 128.634, a yield of 1.65%.
$.142,000 Kearny bonds,
at
126.30, a yield of 1.48%.
$98,000 Pompton Lakes bonds,
at 136.04, a yield of 1.62%.
$141,000 Roselle Park bonds,
31
met
128.002,
/
'
1.76%.
34
Authorized—The
Board
yield of
$101,000 Boonton bonds, at
126.144, a yield of 1.70%.
$448,000 Hamilton Township
bonds, at 127.91, a yield of
25
ning program.
v'
bonds, at
yield of 1.62%.
<X7nn
$701 000
ing obligations of the Town. En¬
consisting of $25,000
bonds, were entered by
Boland, Saffin & Co. and MacBride,
Miller & Co., jointly, and the Fi¬
delity Union Trust Co., Newark.
on
trict
measure.
Manchester, N, H.
a
$54,000 Belleville School Dis-
:
;
his
NEW HAMPSHIRE
bonds, at 111.402,
1.14%.
19
in question was
passed by the legislature on May 7
and
sent
to
Governor
Dwight
latter
High School District No. 1
public power district
State
of"), of the Nebraska Power Com¬
pany properties.
Legislation to
by
$25,000
Kearney
bonds,
at
122.84, a yield of 1.14%.
$25,000 Union County Regional
the projected
(see item under "Nebraska,
achieve this
15
cepted, the Board
1946 to 1968 inclusive.
0.80%.
11
for
122.84
of
bids
funding the
$370,000 Hamilton Township
bonds, at 113.39, a yield of
5
less than
than
selecting the proposal
that the bonds
The
York:
be issued.
Inc.,
Elizabeth:
National Bank of
To Harvey Fisk &
Committee, Inc.,
The Omaha Electric
at
$5,000 Glen Ridge bonds, at
120.00, a yield of 1.05%.
After
not be
more
Kearny
Upper Darby, Pa.:
4
nor
block No. 6,
at
$63,000 Woodbury bonds, at
118.63, a yield of 1.48%.
directors
of
board
a
tive of the district
must
000
nished with the opinion
1.14%.
$28,000 Bridgeton bonds, at
118.71, a yield of 1.16%.
$9,000 Linden bonds, at 119.68,
a yield of 1.18%.
36
fied
sale
Note—Tie
bonds,
3
$70,000 Westfield bonds, at a
price of 131.335, a yield of
35
Trust Co., Jersey
Orange
at
bonds,
yield of 1.28%.
,1.10%.
109.63, a yield of 1.02%.
:.0-
a
$178,000 Ridgewood Township
bonds, at 135.45, a yield of
33
$148,000
of Philadelphia:
Linden
$167,000
130.27,
$74,000
Boonton
bonds,
110.05, a yield of 0.96%.
2
Toole County (P. O. Shelby), Mont.
Chairman of the Board of County
at 136.687, a yield of 1.46%.
3
To Stroud & Co.,
City:
3
1
Corp., of Salt Lake City, as 0.90s,
'at a price of 100.159. Dated June
•20, 1945.
Principal and interest
payable in semi-annual install¬
ments during a period of 10 years
5
from date of issue. The next high¬
$40,000 Passaic County bonds,
18
28
To the Bessemer
of
Co., Inc., both
&
Newark, jointly: ~
'
to the Edward L. Burton
f warded
Rippel
A.
Trust Co.,
$50,000 Belleville bonds,
114.82, a yield of 1.00%.
$28,000
Nutley
bonds,
129.12, a yield of 0.48%.
1
of Philadelphia,
Julius
J. B. Hanauer & Co., and
of Newark:
petitions are circu¬
signed they will be
the
Griswold
Mont.
■
Bond
*port
above
-
■
■
the
to
$46,000 Mercer County bonds,
at 141.852, a yield of 1.16%,
17
Block
No.
of New York:
To Barr Bros. & Co.,
additional
Fidelity Union
the
To
signs the enabling legis¬
lation, Maenner said.
The peti¬
tions
must
contain
signatures
sold
and
isued
are
$188,000 Mapiewood Township
bonds, at 131.485, a yield of
$192,-
•
bonds
$150,000 Bridgeton bonds, at
128.936, a yield of 1.33%.
29
details
relative to the various bonds, such
as interest rate and purpose and
maturity, will be found in our
issue of May 7, page 2049:
that
the
of Bernard Stone, Sidney J. Culdivided
into
several
lingham and W. W. Wenstrand
bonds, as the Board may deter¬
Power
mine upon at the time of sale, purchased the Nebraska
Company last December from the
both principal and interest to be
American Light & Power, a New
payable in semi-annual install¬
York holding company.
ments
during a period of five
years from the date of issue. If
Omaha, Neb.
serial
$195,000 Essex County bonds,
at 129.53, a yield of 1.11%.
21
ing report of the bonds awarded,
mention should be made of the
fact
Co,, of Philadelphia:
16
the follow¬
In connection with
Princeton
$171,000
To Dolphin &
the
total
of $4,039,000 of bonds were of¬
fered, with no bid being made for
be
may
$72,000 Glen Rock
126.278, a yield of
132.97, a yield of
cipal
bopds
awarded by
Annuity Fund on May 15. A
9
of
1.35%.
bonds, at
1,43%.
bonds, at
1.17%.
32
follow¬
blocks of
various
$3,847,000
bonds, at
132.92, a yield of
24
fully registered New Jersey muni¬
governor
amortization
the
If
for
public power district will be
circulated immediately after the
can
choice of the Board.
the second
$63,000 Glen Ridge
23
ing we show names of the success¬
ful bidders, and prices paid, for
w3:3'3v
Petitions
lated
(P. O. Glendive),
$20,000 Ridgewood Township
bonds, at 121.067, a yield of
0.97%.,3 ""<■
13
new
After
Dawson County
;''3 3:-
last election in the
MONTANA
recently
The leg¬
passed unanimously
was
3
Richmond Heights, Mo.
v.
owner¬
tion of a
100.07
1%
private
under
operation
ship.
Portfolio Award—In the
Newark, jointly;
Co.,
&
Miller
Trenton), N. J.
Turned Over
To Public Power District
The
Nebraska Power Company, a $40,-*
$300,000 public parks bonds.
calling for an issue of
bridge construction,
of)
Nebraska (State
Power
■
Nuveen
John
Authorized—A resolution
Bonds
Election Planned—Mayor
Bond
Trust & Savings Bank,
& Co., both of
Chicago; Boland, Saffin & Co.,
of New York, and
MacBride,
To Harris
(P.O. New
Brunswick), N. J.
Neb.
Monday, May 21, 1945
CHRONICLE
Middlesex County
NEBRASKA
MISSOURI
V:
FINANCIAL
THE COMMERCIAL &
2274
competitive
c
^
bidding
$15.60^0 york
registered New ^
May 17 E total of
ous
fully
municipal bonds and
City corporate stock
bonds which
New
York
had been
State
an
>
the
par
amount
premiums p
value
^
the
^
Employees
tirement System
sinkii g
The offering consisted <rt
arate lots and
j
New
h'el
brought
the
received at
^
oVer
totaj
t0
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4387
161
Volume
Included in the .of¬ troller's office and all proposals
fering were $2,275,000 serial bonds must be unconditional as therein
prescribed.
Enclose
a
certified
nf New York City and $8,763,000
check for $9,880,
payable to the
5 city corporate stock These ob¬
City Comptroller.■:
lations were sold as to»ows:
To Chase National Bank of New
NORTH CAROLINA
York Bank of America, National
Buncombe County, N. C.
Trust & Savings
Association of
Tenders Wanted—The
Sinking
San Francisco, Northern Trust Co.
Fund
Commission
will
receive
rhicago, Brown Brothers Harsealed tenders until noon on
May
r man & Co, of New York
State
29, for purchase by the respective
Sank of Albany, City National
sinking funds, in the name of and
Sank & Trust Co., of Kansas City,
on behalf of the
issuing units of
Whitney National Bank of New
the following
refunding bonds, all
Orleans, and the First National
dated July 1, 1936:
Bank of Montgomery; jointly:
Buncombe County. % >
*851000 New York City 4s, dated
$
Buncombe County Series 2.
in 1936 and
1938, and due
035,263.
cor.
,
-
City of Ashville Series 2.
City of Ashville Water.
1, 1956, at a
serially to July
price of 123.93.
New York City 4s, dated
in 1935, 1938 and 1942, and
kqI 000
serially until July 1, 1958,
price of 124.43.
1717 000 New York City 4% cor-porate stock, dated in 1906
and 1907, and due Nov. 1, 1956
tat a price of 124.59.;
1 505,000 New York City 4%
v corporate stock, dated in
1909
,'and due May 1, 1959, at 125.87.
due
at a
.
'
of
National: Bank
First
York,
York, Halsey, Stuart & Co.,
Harris Trust & Savings Bank, of
C. J. Devine & Co., of
New York, and the First National
Bank of Portland, jointly:
$833,000 New York City 4s, dated
in 1936, 1938 and 1942, and
due serially until July 1, 1957,
at
To Chemical Bank & Trust Co.,
York, R. W. Pressprich & Co.,
both of New York, Lazzard Freres
6
Co.,
Mercantile - Commerce
& Trust
Co., of St.' Louis,
| Commerce Union Bank of Nash¬
ville, and the First of
Michigan
Emma Special School "Tax Dis¬
Haw Creek Special School Tax
District.
stock, dated
1909, and due
and
I
[
in 1908
Nov. 1,
Co.,
City
[
price of
a
York
$992,000 New York City 4% corporate stock, dated Feb. 15,
1906, and due Nov. 1, 1955, at
.
.
price of 124.231.
a
.
Utica, N.
i son,
City
Y.
Comptroller,
J. Nel-
will
re¬
ceive sealed bids until
noon
| (EWT) on May 24 for the follow!
mg
public improvement coupon
registered bonds, amounting to
$494,000, not exceeding 4% inter¬
est.
v-./;::
or
$150,000
series
000
A, bonds. Due $15,-
June 1, 1946 to 1955.
on
v
160,000
series B bonds. Due $16,000 on June
1, 1946 to 1955.
184,000 series C, bonds, Due on
June 1, as follows:
$37,000 in
1946 to
1949, and $36,000 in
'
1950.
tion
$1,000.
Rate of interest to be
"J fmmultiple of y4
ii
au
one-tenth
anc* must be the same for
of
the
interest
bonds.
money
at
or
Principal
and
payable in lawful
(J-D)
the
City
Treasurer's
otfice, with New York exchange.
Kegisterable as to principal and
nterest
!d
and
not
otherwise.
No
for less than
par and accrued
from date
aejiv5ry will be
np
School
bonds to date
School
Tax
•
Beaverdam
Water
and
District.
Sewer
«
Caney
Valley
Sanitary
Sewer
District.
South
Buncombe
Water
and
Fairview
Sewer
The
purchaser will
with
the
nf°°AT ^0ffman, King
Aew
rect
York.
general
The
opinion
be
•
of
•& Dawson,
bonds are
obligations
of
the
nSaya^le from unlimited
i
bonds will be delivered
jo the purchaser on June 15, 1945,
as, ^00n thereafter as delivery
fn? f effected. A prescribed
tav'
jorm of
°n
proposal will be furnished
application at the
City Comp¬
debt
will then be
$106,000." rr';
meeting of the Town Board
on May 14,
1945,
a
the
Board
decided
to
transfer
to
sinking
fund the additional
sum of $6,000 and to call for re¬
demption and payment on July 1,
1945 $21,000 of the now outstand¬
ing bonds in any event and $97,000, if the $76,000 of bonds offered
are sold on May 22nd.
Therefore,
the outstanding debt of the Town
after July 1, 1945 will be
$100,000
instead of
The
Water
and
Water¬
shed District.
Sewer
Dis¬
Swannanoa
Water
and
Sewer
District.
Sanitary
Water
and
Sewer District.
Bond
Offering—W.
E.
Easter-
ling, Secretary, Local Government
Commission,
until
receive sealed
(EWT), on
will
A.
11
M.
May 22, at his office in Raleigh,
for the purchase of a $76,000 issue
of
1945,
at
in which-B. A.
South
law
a
States
Greensboro
at
entitled
in
Cove
suit
District
May
on
Dukes,
is
11,
resident
a
Carolina, alleges he is
to
recover
wa¬
ter, electric light and sewer sys¬
tem improvements. Mr. Dukes al¬
leges that "the amount is due on
three bonds and
ing
coupons
13 interest bear¬
which
attached
are
to the bonds.
DAKOTA
Minot, N. D.
Offering—J. B. Schmidt,
City Auditor, will receive sealed
until
8
P.M.
on
June
4
of
Each bid may name
V4 of 1%.
one
rate
(having
and
as
for
bonds
the
of
part
earliest maturities),
the
another rate for the balance,
bid
name more than
each bidder must
specify in his bid the amount of
but
two
no
may
rates, and
of
each
rate.
the
to
purchase
interest
lowest
the
bonds at
cost
to
the
Town, such cost to be determined
by deducting the total amount of
bid from the aggre¬
gate amount of interest upon all of
the bonds until their respective
maturities.
No bid of less than
the premium
and accrued interest will be
entertained.
Bids to be on forms
par
ceived
by
private
bonds of the
same
holders
from
type and char¬
acter shall be taxable by the terms
of
any
Federal
the successful
income
tax
law,
bidder may, at his
election, be relieved of his obliga¬
tions
under
the
contract
to
chase the bonds and in such
case
opinion of Masslich & Mitchell, of
York, will be furnished the
purchaser.
Enclose
a
certified
101.69
lVa
101.65
IV2
100.43
bonds
are due on Dec.
1, as fol¬
$600 in 1946, and $2,000 in
1952.
Principal and in¬
terest (J-D) payable at the First
lows:
1947
to
National
Bank, Ironton.
Enclose
check for $126.
(The
certified
a
above bonds
offered
were
on
April
an
25, and not sold, due to
in maturity dates.)
(7*. O.
Akron), Ohio
Bond
Offering
Planned—Carl
Coffeen, County Superintedent of
Schools, has annouueed that it is
his opinion the Board of Educa¬
tion
contemplates marketing of
the
$125,000
construction
and
equipment bonds about July 1.
The above bonds carried at the
The
Representatives
Ohio
has
House
of
approved
a
should
that
start
duce
the
their
against their post-war programs.
The City of Toledo had planned
refund
to
$760,222 of bonds next
year, comprising the total amount
of maturities available, R. T. An¬
derson,
City Finance
Director,
said. Under the amendment, how¬
ever, the city would be able to re¬
fund only $570,000 of bonds.
ation
Board,
assist
the
to encourage and
development of trans¬
portation by aircraft and the es¬
tablishment
airports,
Senate
was
May
of
maintenance
and
passed by the Ohio
8
and
sent
the
to
Members of the board would be
by the Governor. Senator
Fred Adams, Wood County Re¬
publican, who sponsored the bill,
the
said
July 1, 1968. The amount avail¬
able for
purchase of bonds is $20,-
000.
Campbell, Ohio
Bond
Sale—The
offered for sale on
2050—were awarded to Ryan,
Sutherland & Co., of Toledo. The
bonds are described as follows:
p.
$25,000 street improvement bonds.
Due $5,000 on Oct. 1, in 1946
to 1950.
'
■
15,000 park improvement bonds.
Due $3,000 on Oct. 1, in 1946
to 1950.
Dated April
tion
1, 1945.
Denomina¬
$1,000.
City School Dist., Ohio
Pending—The
Board of Education met on May 1,
to consider a resolution presented
Columbus
Bond
Resolution
by the Building Trade Council
calling for an issue of $6,000,000
construction bonds.
East
Franklin
Rural
School
Dist.
Federal
Government
bonds
offered
for
sale
^0—v. 161, p. 1821—were
on
school
April
awarded
(These
offered
which
Enclose
certified
a
the bonds originally
5, the sale of
are
May
on
was
postponed.)
OKLAHOMA
Mangum, Okla.
Bond
Election—An
$250,000 2%
water
issue
a
single
State
the
proposed
agency,
he said
board would meet this need. The
bill
provides for
a
director to be
/
named by the board.
Municipal Market Quiet—J. A.
White &
War Loan
Drive, the Ohio munic-
the past
week. Largely because of
this, inactivity, bids are slightly
lower, principally for the second
grade names. Our index of price
based
the
on
bid
of
side
the
market, and the index declined a
shade to a yield of 1.35% on 20
Ohio
week
ago. The index for 10 lower grade
bonds declined to a yield of 1.19%
from 1.18% a week ago, while the
index for
10 high grade bonds
held unchanged at 1.02%.
bonds, from 1.34%
a
Previous Week—The Ohio mu¬
nicipal bond market was quiet
during the week ended May 9,
with
prices holding about un¬
changed at recent record high
levels, according to J. A. White
& Co., Cincinnati, which reported
that its index of the yield on 20
Ohio bonds remained unchanged
at
10
10 highlow-grade
continued
unchanged
1.18%, The yields on
grade
bonds
bonds
also
and
from the previous week at
and
1.02%
1.34%, respectively.
Ordinance Passed—On
the
April 30,
City Council passed an ordi¬
nance
calling for
an
issue of $252,-
of
system bonds
will be submitted to the voters at
an election to be held on June
5.
Sulphur School District, Okla.
Bond
Election
Held—An
f
issue
of
$29,300 school bonds, to bear
not
exceeding 3% interest, was
submitted
to
the
election held
on
voters
at
the
May 15.
Wewokat Okla.
Bond
Issuance
Planned
—
On
May 2, the City Commission au¬
thorized engineers to begin sur¬
veys in connection with a proposal
to
issue
the
following
bonds
amounting to $250,000:
$205,000
water
storage
facilities
bonds.
45,000
sewer system
tion bonds.
moderniza¬
OREGON
Gearheart, Ore.
■
Bonds Voted—An issue of
$30,000
water
main
reconstruction
bonds was favorably voted at the
election held
Gold Beach,
May 8.
on
Gold Beach-Wedder-
bum Rural Fire Protection
Dist.,
Ore.
Bond
Election —An
issue
of
$6,000 fire station completion and
equipment
bonds
to the voters at
submitted
was
the election held
April 30.
on
is
Springfield, Ohio
$92,000
office.
check for $500.
kert, District Secretary,
with
business
Ohio
Sale—The
urer's
Federal Government desires to do
(P. O. R. D. No. 1, Clinton),
Bond
$5,000 May 1, 1947 to 1956.' The
expense of attorney's opinion and
printing of the bonds to be borne
by the purchaser.
Principal and
interest payable at the City Treas¬
East
is
$40,000 bonds
May 14—v. 161,
3% interest.
Dated May 1,
Denomination $1,000.
Due
1945,
planning to spend $500,000,000 for
airport expansion in the next five
years, with $31,161,000 earmarked
for
Ohio.
Explaining
that
the
pal market has been dull during
on
ing
House.
purchase Of refunding
1, 1938, and due
for the
works
providing for the creation
sealed tenders until noon on May
bonds dated July
on May 31
$50,000 water
system bonds, not exceed¬
Senate Approves Airport Bill—
five-member Ohio State Avi¬
noon
for the purchase of
subdivisions
immediately to re¬
outstanding
debt
Co., Cincinnati, reported
on May
16 as follows:
With the opening of the Seventh
31
Zanesville, Ohio '
v ''
Offering — Henry F.
Stenim, City Auditor, will receive
error
(State of)
Refunding
Legislation
—
on
Bond
Ohio
named
Bath Local School District
one
due
are
sealed bids until
Ironton, Ohio
City Auditor, will receive sealed
noon oh May 23 for the
purchase of $12,600 fire apparatus
bonds, not exceeding 6% interest.
Dated June 1, 1945.
Denomina¬
tions $1,000, one for $600.
These
a
OHIO
$1,000,
Price Bid
lYa%
bids until
of
pur¬
the deposit accompanying his bid
will be returned.
The approving
New
:.}M:
bill
will be awarded to the bidder of¬
fering
Int. Rate
Bond Offering—Paul S. Sutton,
A
bonds
The
follows:
as
Sutherland & Co.
First of Michigan Corp.
Seasongood & Mayer___
for
check for 2% of bid.
improvement
1, 1945. De¬
for $988.
Sept. 1, as
follows: $28,988 in 1946, and
$32,000 in 1947 to 1953.
Principal and
interest (M-S) payable at the
City
nomination
Treasurer's office.
were
Bidders—•
Ryan,
the purchase of $41,000 1% judg¬
funding bonds.
Dated May
1, 1945. Denomination $1,000. Due
May 1, as follows: $10,000 in 1946
to 1948, and $11,000 in 1949.
Pur¬
chaser will be required to furnish
printed bonds and legal opinion
at his own cost.
Principal and
interest payable at the City Treas¬
urer's office;
Enclose a certified
street
Dated March
ders
Extended
fol¬
lows: $2,000 in 1946 to 1949, $3,000
in 1950 to 1959, $4,000 in 1960 to
1966, and $5,000 in 1967 and 1968.
Registerable as to principal only;
general obligations; delivery on or
about June 12, at place of pur¬
general election held in Nov., 1944.
chaser's choice.
Principal and in¬
terest payable in New York City.
Brook Park, Ohio
Bidders are requested to name the
Tenders Wanted — Varnum E.
interest rate or rates, in multiples
Clark, Village Clerk, will receive
$1,000. Due March 1,
Dated
2V2%
bonds.
These bonds
Local
Walnut
United
refunding bonds,
exceeding
6%
interest.
Dated March 1, 1945. Denomina¬
1.23%,
contention
of
defendant
in
'not
coupon
about
988
Apr. 1, 1945. Denomination $1,000.
These bonds are due on Oct. 1, as
follows: $5,000 in 1946 to 1957, and
$4,000 in 1958 to 1965. Other bid¬
ment
trict.
of
Cove bonds issued in 1925 for
filed
bids
Sanitary
basis
a
$3,390, with
interest, as the owner of Walnut
Town
Bond
Ward
Fox, Reusch & Co., of Cincin¬
nati, as lJ/4s, at a price of 100.14,
bill, already passed by the Sen¬
ate, to extend through 1947 the
authority of local subdivisions and
municipalities to refund matur¬
ing bonds. The legislators,'^how¬
ever, added an amendment limit¬
ing refunding operations to 75%
of the bonds falling due, upon the
trict.
Hazel
2275
to
$106,000.
Walnut Covet N. C.
Dis¬
livery of the bonds the income re¬
jected.
time—outstanding
NQRTH
Sanitary
considered and
turnished
to
Watershed District.
furnished by the above Secretary.
In the event that prior to the de¬
°f the notice of sale will be
time
of
not complying with the
toil?
J
Special
District.
bonds
Dated June 1, 1945. Denomina¬
the
intends to call for redemption on
July 1, 1945 $91,000 leaving $30,000 of the 1965
maturing bonds
outstanding to be called from
Court
trict.
tion
Bond Offering—Thomas
\
School
Weaverville Public School Dis¬
bids
To the National Bronx Bank of
in
fund cash and proceeds of sale of
the bonds now offered the Town
named
Sandy
Mush
Special
Taxing District.
Valley Springs Special
Taxing District.
Maxton, N. C.
130.08.
New
Township Special
School Tax District.
4y4%
corporate stock, dated Jan. 24,
1911, and due Sept. 1, 1960, at
statement
Bond Payment Suit Instituted—
Reems Creek
New York (for own account)
$3,000,000 New York
financial
Oakley Special School Tax Dis¬
Woodfin
1958, at a price of 125.95.
To Chemical Bank & Trust
The
descriptive circular contains the
following: "With $15,000 sinking
trict.
Skyland
New York City 4% cor¬
porate
Tax
trict.
[ Corp., of New York, jointly:
[ $799,000
School
Black Mountain Special School
New
Bank
Special
Woodfin
750,000 New York City 3Vz% cor¬
porate stock, dated March 1,
1935 and due March 1, 1960,
at a price of 120.23. ;
School
Tax District.
price of 123.93.
a
Public
District.
New
Chicago,
follows:
At
District.
National City Bank of New
To
offering, W. E.
Easterling, Secretary of the Local
Government Commission, issued a
supplemental notice on May 15, as
the
Biltmore
$1,520, payable to the
Relative to the
of Commissioners
Asheville Local Tax School Dis¬
Barnardsville
for
State Treasurer.
f
trict.
.
.
check
PENNSYLVANIA
■
V
•
<
V
Stroudsburg School Dist., Pa.
Bond
ceive
Offering—Howard S. Ec-
sealed
bids
will
until
8
re¬
p.m.
(EWT)
on June 8 for the purchase
$143,000 refunding and im¬
provement coupon bonds, not ex¬
ceeding 2% interest.
of
Dated June
15, 1945. Denomina¬
$1,000. Due June 15, as fol¬
tion
lows: $8,000 in 1946, and $9,000 in
1947 to 1961. Rate of interest to be
in multiples of one-eighth of 1%,
and
be
must
the
same
for
all
of
the bonds. No bid combining two
different rates of interest will be
accepted. Registered
as to princi¬
The bonds and the in¬
pal only.
terest
thereon
will
be
payable
without deduction for any tax or
taxes,
except
succession
or
in¬
heritance taxes, now or hereafter
levied or assessed thereon under
present
any
future law of the
or
Commonwealth,
taxes
the
to
agrees
sold
all
district
pay.
of
which
assumes
and
The bonds will be
the
highest responsible
provided such bid is not
less than par and accrued interest.
to
bidder,
The
highest
shail
be
responsible
bidder
who,
having
the
one
complied with the conditions of
sale, offers to take the whole
amount of the issue at the lowest
interest cost to the district, which
shall be determined by deducting
from the total amount of interest
to
be
account of such
the life thereof, the
premium offered, if
any,
over
and above the face
amount of the issue. These obliga¬
paid
on
bonds during
amount
tions
of
will
valorem
be
taxes
payable
from
ad
within the taxing
limitations imposed by
law upon
THE COMMERCIAL & FINANCIAL
2276
The system revenue bonds, series A,
enactment, at any time prior to Nos. 49 to 148, dated June 1, 1939.
the delivery of the bonds, of Fed¬ On June 1, 1945, there will be¬
eral legislation which in terms, come due and payable on all of
said bonds the principal amount
by the repeal or omission of ex¬
emptions
or otherwise,
subjects thereof together with accrued in¬
For
school districts of this class.
to
Federal income tax the inter¬
a
est
char¬
mium
bonds of
on
class
a
or
includes these bonds,
acter which
election of the pur¬
relieve
the
purchaser
his obligations under the
at the
will,
chaser,
from
terms of the contract
of sale and
purchaser to the re¬
turn
of
the
amount
deposited
with the bid. These bonds are is¬
the
entitle
the favorable
opinion of Townsend, Elliott &
Munson, of Philadelphia, and will
be delivered to the purchaser only
sued
if
subject
and
have
proceedings
au¬
the
issuance
thereof
approved by the De¬
been
a
certified check for 2%
of
amount
face
the
the
Chemical Bank & Trust Co., New
York, or the Hamilton National
Bank, Knoxville.
Bonds should
be
surrendered with all. subse¬
quent
Bond
Johnson
of¬
May 14—V. 161,
fered for sale on
—
a
meeting, the City Council
recent
2159—were awarded to Blair &
Co., Inc., as %s, at a price of
100.58, a basis of about 0.62%.
Dated June 1, 1945. Denomination
p.
These bonds are due on
1, as follows: $8,000 in 1947
to, 1954 and $9,000 in 1955 to 1960.
The next highest bidder was Moncure
Biddle & Co., for %s, at a
price of 100.41.
$1,000.
June
Johnstown, Pa.
>
Bond Offering—Fred S. Brosius,
Director of Accounts and Finance,
will receive sealed bids until 10
Bank, Chicago,
'"V
Bank,
>
New York, :
R. J. Edwards, Inc., and;
Brown Brothers, Harriman
& Co., jointly—
100.062
$2,303,000, for the purpose of ac¬
quiring power from the Tennessee
Valley Authority.
1.10% Bonds
First National Bank,
Chicago,
Braun, Bosworth & Co., Inc.,
Julien Collins & Co.,
Mosle & Moreland, and
;
Louis B. Henry Investments,
Bond
1%% interest.
15, 1945. Denomina¬
$1,000. Due June 15, as fol¬
lows: $15,000 in 1946 to 1950, and
$16,000 in 1951.
Each bid shall
specify in a multiple of y4 of 1%
a single rate of interest which the
bonds are to bear. Principal and
Dated June
tion
submitted
bonds
on
interest
payable at the City Treas¬
office, without deduction
for any taxes, except gift, succes¬
sion of inheritance taxes, levied
pursuant to any present or future
urer's
law of the Commonwealth. Registerable
to
principal only. The
bonds will be sold to the highest
responsible bidder subject to ap¬
proval of the authorizing proceed¬
ings by the Department of Internal
Affairs.
as
No
bid
accrued
and
for
less
interest
than all of the bonds
than
M-N.
from date of issue.
;
Morton),
O.
County (P.
Cochran
Tex.
'.v
Warrants Called—P. E. Adams,
VIRGINIA
will be
:
Denton,
Election—On
In the event that prior to
delivery of the bonds the in¬
come received by private holders
April 27, the City Commission in¬
structed Earl Coleman, City At¬
from bonds of the
ing for an election
the
same
type and
character shall be taxable by the
terms of any Federal income tax
law, the successful bidder
may,
at
his election, be relieved of his ob¬
ligation under the contract to
pur¬
chase the bonds and in such
case
the deposit
accompanying his bid
The purchaser
will be furnished without charge
the opinion of Burgwin & Chur¬
chill, of Pittsburgh, that the bonds
are
valid general obligations of
the City, payable from ad valorem
Will
be
taxes
returned.
levied
upon
all the taxable
property therein within the lim¬
itation prescribed by law. Enclose
a
certified check for $1,820, pay¬
able to the
City,
.
,
Philadelphia, Pa.
Bond Offering—Edgar W. Baird,
Jr., City Treasurer, has announced
that the Board of Sinking Fund
Commissioners will receive sealed
bids until May 25 for the purchase
of
torney, to draft an ordinance call¬
the
revenue
of
1945.
election held
on
May 8.
1.475%.
Dated
June
1,
Denomination $1,000. These
are due on June
1, as fol¬
in 1955 to
to
1965.
The next
1954, $5,000
1961, and $6,000 in 1962
Optional after 10 years.
highest bidder was Co¬
lumbian
Securities
Corp.,
$8,000, l%s, and $87,000, l%s.
Harris County (P. O.
Texas
Bond
for
1945, road bonds offered for
on May 10—v.
161, p. 2051—
sale
Trust
haus
as
to
the
Northern
Co., of Chicago,
and: Neu-
&
Co., of Houston, jointly,
0.90s, at
price of 100.168, a
basis of about 0.865%. Dated May
a
TENNESSEE
15, 1945.
These bonds are due
$15,000 from May 15, 1946 to 1955.
The
second highest bidder
was
Harriman, Tenn.
Bond
the Mercantile-Commerce Bank &
Call—J. W.
Love, Secre¬ Trust Co., of St. Louis, and Texas
tary of the Utility Board, calls for Bank & Trust
Co., Dallas, jointly,
payment on June 1, on which date i for
Is, at a price of 100.382. Other
interest ceases, the City's electric bidders
were as follows:
An ordin¬
April 3, by
the City
Dated May 1,
1945.
Denom. $500.\ These bonds
are
due
on
May 1, as follows:
$2,000 in 1955 to 1957, and $2,500
in
1958.
Principal and interest
(M-N) payable at the City Treas¬
passed
Council.
was
on
urer's office.
has
paid
the
contract
WEST
Charleston,
W.
Va.
will
receive
exceeding l!/2% interest:
Virginia
bonds.
Street
Bridge
Due
April 1, as fol¬
lows: $3,000 in 1947 to 1962,
and $6,000 in 1963 to 1979.
150,000 Parks and Playgrounds
bonds.
Due
April
1,
as
fol¬
$3,000 in 1947 to 1962,
$6,000 in 1963 to 1979.
30,000 Summers Street Improve¬
and
ment
bonds.
Due
$1,000
Dated
April 1, 1945. Denomina¬
tion $1,000. Principal and interest
payable at the office of the State
Treasurer
through the Kanawha
Valley Bank, at Charleston, or at
Chemical
Bank
&
Trust
Co.,
New York. The approving opinion
of Caldwell, Marshall, Trimble &
Mitchell, of New York, will be
furnished the purchaser.
All bids
must be unconditional and accom¬
panied
2%
of
the
of
the
by
the
certified
a
total
above
check
amount
issues,
of
for
each
payable
to
City.
WISCONSIN
revenue
which bids
were
15—v.
p.
$100—5%
161,
bonds
received
2160.
on
May
full
amount
having been
made by Paine, Webber, Jackson
& Curtis, and the Milwaukee Co.
of Wisconsin.
due
yield
June
;
1,
1959
1,
basis
1936
would
-
____—
31/4%
(2)
Oct.
,'i'.
value
Par
(1)
$100 0Q
—
price
of
as
computed
as
though maturing June 1, 1945
equals 113.561 or a premium
of
23 5g
Additional
(3)
3V4%
and 2(4%
tract
rate)
cash
Total
interest
for
nine
being difference between
years,
be
to
(50%
% %
or
of
9
x
con¬
equals
6.75
received
$120.31
Treatment of Unmatured Bonds
The
approximate $80,000,000 of
maturing after June 15,
1945, will be exchanged par for
par for new serial
3y2% bonds
maturing 1961 to 1980 plus a pay¬
bends
of over $21,000,000 repre¬
senting adjustment of unpaid in¬
in the past nine years and
terest
of
adjustment
of
higher
contract
future ma¬
par
This
considering
was
of restoring
means
ways
its credit
current basis,
the government of the Dominion
of Canada through its Minister of
a
Finance,
the Honorable
J.' L.
Ilsley, offered to permit the Prov¬
ince
elect
to
the
Service
"Debt
Option" under the taxation agree¬
of 1941 and to pay to the
ment
Province the
to which it was
sums
entitled
under said option retro¬
actively to 1941, subject however
to two major conditions; namely
(first) the Province must recogn¬
obligation to
pay the back
due since 1936 and (sec¬
the Province must recog¬
on<
its bonds to their present ma¬
call dates.
or
program
conditions and
*
.
fulfills the above
as
soon
as
proper
legal procedure has been com¬
pleted the Province should receive
additional
an
payment of over
from
the
Dominion
$9,000,000
Government, plus an additional
$1,650,000 annually for the dura¬
tion of the
der the
war
1941
plus
one year un¬
taxation
agreement.
"From the point of view of both
the Province and its bondholders,
the plan agreed
upon
is much
satisfactory than the
more
one an¬
Budget of
last," according to A. J.
Mitchell, Toronto, Vice Chairman,
March 9,
Alberta
Bondholders
merited the
operation
Dominion
ince
is
of the
within
Alberta
the
Government's
posal
with
cash
payment
debt
respect
service
rates.
limits
own
to
the
required,
and
of
the
pro¬
the
in
cies
great
$33,000,000
will have matured
potential
bonds
on
which
or
prior to
1945, will be paid in full
the par value
plus nearly $7,000,000
representing an adjustment
June 15,
of
interest for the past nine
years.
This
interest
adjustment
from $17.06 to
$23.56
par value
depending
on
on
of
maturity
old
bonds.
interest will
currency
the
bonds
or
curren¬
they
replace,
and will be
callable,on any inter¬
date, on proper notice, at par.
allocating the maturities of new
est
In
bonds, the
relative order of
same
maturities of the old bonds which
they replace will be followed.
The interest adjustment on the
As of June
each bond
to
1, 1936, the value of
a 3y2% yield basis
on
maturity
is
bonds
$80,000,000 unmatured
computed as follows:
is de-v
date
call
or
termined.1 To the amount of pre¬
mium so ascertained is added the
difference for nine years
between
interest and the actual in¬
31/2%
terest
paid, i.e., 50% of the con¬
rate, and this total repre¬
sents full adjustment of all un¬
paid back interest as well as re¬
tract
cognition
of
ity
contract
the higher
rate of interest to
present matur¬
call date.
or
Example—
$100—5%
bond due Sept. 15, 1959,
would
receive:
(1)
New
3(4 %
1976
or
(2)
3(4%
yield
June
1,
June
1,
price as
computed
of
bond
due
plus
1977
basis
to
Oct.
1, 1959, maturity equals
123.779 or a premium of
Additional
interest
for
nine
1936
$23.78
being difference between
3(4% and 2(4% (50% of con¬
tract rate) or 1% x 9 equalsyears,
i
Total
9.00
$32.78
interest adjustment——
and non-interest
(Payable in cash
bearing
talons)
annual
interest
overall
this to the future of Alberta can¬
not be overestimated.
Alberta is
The
same
as
initial
addition, the plan should
result in completely
restoring Al¬
berta's credit.
The importance of
of
and
the
of
adjustment
Financing
In
Province
rates
dates
paid partly in cash and partly
non-interest
bearing
talons
falling due over the next few
years. The new 3^% bonds given
in exchange will be dated June 1,
1945, will mature June 1 each
from 1961 to 1980, will be payable
(3)
Gov¬
interest
call
in
co¬
ernment but its cost to the Prov¬
call dates.
or
be
Committee.
"Not only has it
to
of this interest
overdue.
When it became known that the
interest
The amount
adjustment ranges
$18.85 to $41.56 on each $100
value depending on the con¬
turity
or
for
Several bids
bond
TPPPiVP*
tract
wealth and the restoration of
publie credit, which will also
were
for only part of the issue,
according to report, with tenders
the
back interest.
approximately $33,000,000 will be
improve
Bond Award Delayed — The
private credit, should give impetus
City Council was scheduled to de¬ to further
development of the
termine
on
Wednesday
night, great resources of the Province in
May 16, whether to award a por¬ the post-war
period."
tion or all of the $500,000 not to
exceed 2% interest water works Treatment of the Overdue Bonds
mortgage
actual
Example—
$113,000 of which on June 15,1945
a
Wisconsin Rapids, Wis.
for
full
nounced in the Alberta
April 1, 1947 to 1976.
the
no
approximately
to
amounts
now
The
$150,000
tract
from
turity
at not
of
on
nize the contract rates of interest
Offering—D. Boone DaW-
Mayor,
50%
interest
only
of
rate
the
ment
1936, the Province
annually
interest
paid, i.e., 50% of the con¬
rate, and this total represents
adjustment for all unpaid
rates
sealed
son,
Program
assumption
mature on
would
interest
prin¬
ondly)
Bond
the
bonds and virtually
interest
VIRGINIA
sound
of
yield basis
the
on
bond
3V4%
tween
cipal has been repaid.
The net
outstanding indebtedness on
which this default has occurred
its
ize its
Houston),
Sale—The $150,000 series
awarded
Since June 1,
lows:
lows: $4,000 in 1946 to
were
Platte, S. D.
Airport Bonds Approved — An
issue of $10,000 airport site
pur¬
chase bonds was approved at the
issue
bonds.
about
bonds
B,
DAKOTA
an
Gillespie County (P. O. Fredericks¬
burg), Tex.
Bond Sale—The $95,000 airport
bonds offered for sale on May 15
—V. 161, p. 2159—were awarded
to
the
Frederickburg 'National
Bank, Security State Bank, both
of Fredericksburg, and the First
State Bank, of Harper, jointly, as
IV2S, at a price of 100.20, a basis
held by the Commission.
SOUTH
to submit to
of $1,500,000
water and sewer utilities
voters
power,
$5,000,000 various City bonds
now
sewer
bonds
—
issue of $8,500
system improvement
an
on a
*
of
Outline
bids until 11 A.M.
Tex.
Bond
Proposed
fiscal basis.
(EWT), on June
5, for the purchase of the follow¬
ing bonds amounting to $330,000,
warrants are due on
These
15, 1954 to 1957.
ac¬
cepted.
21/2%
payment on June 15, at his of¬
June
less
or
calling for
placed
and returning to
Grandview, Wash.
funding warrants, Nos. 103 to 142,
amounting to $20,000, are called
fice.
then
Province will be
and
WASHINGTON
Bonds Authorized
six months, that
next
financial condi¬
nine years will be
eliminated
and
that
the
Province
of 100.28.
County Treasurer, has announced
series of 1937, general re¬
for
the
completed
be
the unsatisfactory
Sale—The $100,000
Bond
will
3y4%
a
1, 1945. To this amount of
premium so ascertained is added
the difference, for nine
years, be¬
expected that the en¬
program
tions of the past
Woodstock, Va.
that
par
for
1975, as 2%s. Interest payable
Optional after 15 years
to
bonds. It is
tire
varv
interest ad
as
follows-
June
the approximately $30,000,000 of
to
held
election
the
said
that
assist the Province in
to
within
ance
advisor
financial
arranging for an underwriting of
at
cently were awarded to the State
Permanent School Fund, as fol¬
$10,000 maturing May 15,
$500 in 1946 to 1955, $1,000 in 1956
to 1960, as 2s, and $35,000 matur¬
ing May 15, $1,500 in 1961 to 1964,
$2,000 in 1965 to 1967, $2,500 in
1968 and 1969, and $3,000 in 1970
Alberta as
and consultant
of
Government
$250,000
lows:
re¬
ning, Premier of Alberta, has now
announced
the
engagement
of
Norman S. Taber and Company by
Kermit),
(P.
April 21, were rejected.
sale
offered for
Committee for
O.
Sale Details—The $25,000
bonds
house
between the
the Al¬
Alberta and
of
refunding of the $113,000,000
debt, Mr. E. C. Man¬
the
water
p. 2455—were sold at a price of
refunding bonds offered for sale
100.204, a
net interest cost of recently were awarded to Scott,
about 1.885%, as follows: $14,000
Horner & Mason, of Lynchburg,
maturing $2,000 on Feb. 20, 1946 and Baumgartner & Co., of Balti¬
to 1952, as 194s, and $11,000 ma¬
more, jointly, as 1.40s, at a price
turing on Feb. 20, $2,000 in 1953 of 100.031, a basis of about 1.397%.
and 1955, and $2,500 in 1956 and
Dated June 1, 1945. These bonds
1957, as 2s.
Dated Nov. 20, 1944. are due on June 1,/ as follows:
DenomirfStions $1,000 and $500. $4,000 in 1946 to 1950, $5,000 in
Bonds maturing on Feb. 20,
in 1951 to 1960, and $6,000 in 1961 to
1953 to 1957, are optional on Feb.
1965.
Legality approved by Reed,
20,1952.
Hoyt & Washburn, of New York.
The next highest bidder was C. F.
Cherokee Consol. Community Sch.
Cassell & Co., and Shenandoah
District No. 22, Texas
County Bank & Trust Co., Wood¬
Bond Sale—The $45,000 school
stock, jointly for 1.60s, at a price
(EWT), on June 5 for the
purchase of $91,000 coupon re¬
funding
bonds,
not
exceeding
A.M.
agreement
an
of Provincial
Tex.
of Dallas—v. 161,
that
nouncement
the
;
which
The
1, 1936, the value
on
determined
is
working
out the final details of the plan
and to act as exclusive agent in
County
airport bonds offered for sale on
Nov. 14 and awarded to the Dallas
Union Trust Co.,
Refund
the an¬
Following,
Defeated—The
Winkler
voters
Cameron, Texas
—
berta Bondholders'
-100.285
—
Plan
ganization- program
100.35
jointly
As of June
each bond
(Province of)
Reaches Agreement on
ing
Province
Halsey, Stuart & Co., and
Fort Worth National Bank,
airport
TEXAS
ALBERTA
Alberta
had been reached on a debt reor¬
For
rates
■
from 4% to 6%.
justment is computed
Chase National
voted to isue bonds amounting to
Bond
CANADA
jointly
At
interest
tract
1% Bonds
Harris Trust & Savings
City' Tenn.
Bond Issuance Planned
bonds,
bonds
equipment
1945,
of
Ephrata, Pa.
Sale—The $118,000 elec¬
plant
1,
June
to
coupons
attached.
payable to the District Treasurer.
tric
at .the
payment
for
partment of Internal Affairs. En¬
close
plus a pre¬
Bonds should be
4%.
of
presented
to
after the
thorizing
date called,
to
terest
Monday, May 21, 1945
CHRONICLE
ranges
each $100
the
con¬
Required
of
Cash
Payments
To pay the
due
bonds
$33,000,000 of over¬
called for under
justments
as
program
will
mately
ad¬
interest
the
and
$51,000,000
of
the
approxi¬
require
cash.
Of.
amount, the Province, after
receiving the additional payments
this
from
will
the
Dominion
have
on
$21,500,000.
secured
The
from
$29,500,000
Government,
approximately
balance will be
hand
of
an
underwriting or
serial
bonds
ma¬
turing from 1946 to 1960 and bear¬
ing interest ranging from 2 % to
3y4%. While the effective date ot
the program will be June 1,
the
actual
date
when
the
1945»
ex¬
payments will be
made, may not be before early
Autumn due to the time neces¬
changes
sary to
rnpntc
and
complete all legal
nnrl
monhoriipjll
require-
@FedFRASER